Any doubts that the fate of Delaware & Hudson Railway Co. will be resolved shortly should be removed this week.
Related litigation however, is expected to continue well after the reorganization is completed.Attorneys working on D&H's reorganization are so confident that the matter is being worked out they're busy planning future endeavors. For example, Charles H. White Jr., attorney for the trustee, Francis P. Dicello, is expected to announce his plans to take a new post.
Mr. White, of the Washington office of the St. Louis-based law firm of Peper, Martin, Jemson, Michael & Hetledge, is expected to join the Washington- based law firm of Hazel, Thomas, Siskel, Seckhorn & Hanes, Mr. Dicello's law firm.
Three competing bids have been made to acquire the 1,600 mile D&H system. Bids by CP Rail, a unit of Canadian Pacific Ltd. and Providence & Worcester Railroad appear to have the inside track, sources said.
A third bid was submitted by Delaware Otsego Corp., parent of New York, Susquehanna & Western Railway, which provided emergency service over the D&H
from the June 1988 until last February.
Nobody involved with the D&H will comment on further litigation. One possible action is a lawsuit from D&H contending Consolidated Rail Corp. violated anti-trust laws in its relations with D&H. The suit is expected to argue that Conrail engaged in pricing practices to force D&H into giving up newsprint and other lucrative traffic.
A federal court of appeals, last week, issued an opinion permitting the suit to be filed. The opinion contained statements by Conrail officials which the court said indicated a case had been made.