Edward C. Toole, Jr. is an attorney in the Litigation Department of Pepper Hamilton LLP, resident in the Philadelphia office. He has concentrated his practice in the areas of commercial litigation and insolvency, with particular emphasis on the transportation industry, largely pertaining to the railroads.
Over the years, his insolvency practice has involved corporate reorganization proceedings, representing transportation entities, commercial lenders, manufacturing companies concentrated in the automotive industry, the hospitality industry, and the garment industry. Representation has focused on secured lenders, troubled companies, and creditors' committees.
Mr. Toole has been actively involved in corporate reorganization proceedings, involving structuring plans of reorganization, fraudulent conveyance matters, and of particular significance, proceedings involving the bankruptcy proceedings to facilitate the sale of companies, product lines, distribution centers, and manufacturing facilities.
Representation of the railroad industry commenced in 1970 with the proliferation of bankruptcies in the Eastern Seaboard. In this regard, Mr. Toole represented the Committee of Interline Railroads. His clients consisted of 28 national rail systems, whose interests focused on the need to ensure uninterrupted service as part of the nation's integrated rail network. This involved representation in the Penn Central, Lehigh Valley, Reading Company, Central of New Jersey, and Erie-Lackawanna reorganizations. In addition, Mr. Toole provided bankruptcy counseling to the railroad industry in the Chicago, Rock Island and Pacific Railroad, as well as the Chicago-Milwaukee-St. Paul and Pacific Railroad reorganizations.
Representation of the rail industry continued thereafter. This included an array of rail-related commercial litigation, including abandonment proceedings, petitions for review from orders of administrative supervisory agencies, and matters pertaining to litigation involving trade and commerce between railroads and shippers.