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Schnader Achieves Great Results for Conrail

On July 20, 2005 by Schnader in News

On July 20, 2005, Mike Mangan and Alison Finnegan achieved a great result in a case that pitted Conrail against a former lessee of a Conrail property, Cimco Terminals, Inc. and involved Conrail”s claims for back rent and related charges in the amount of roughly $1.2 million.

The case was set to begin a bench trial in Philadelphia County. Before the parties made their openings, the judge heard argument on pending cross-motions for summary judgment and then ruled from the bench in Conrail”s favor on both motions.  The parties immediately sought a recess and Cimco agreed to settle the case for roughly 70 percent of the damages that Conrail sought, essentially all of the back rent that Conrail claimed it was due.

Category: News