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~. <br />Wedon L Hams (1387) <br />FJaine A. Monson (1527) of <br />RAY, QUINNEY & NFBFJD:R <br />79 South Main saes, nao <br />P. 0. Bra 45755 <br />Salt lalx Ciry, UT 84145-0785 <br />Tdepbvte: (801) 532.1500 <br />Atbmrys for Reotganired Colorado and <br />Wyoming Railway Company <br />IN THE UNYIED STATFS BANKRUPTCY COURT <br />FOR TID'i DISTRICT OP UTAH <br />CFtdl'RAI. DTVLSION <br />Tn R: <br />CF&I FABRICATORS OF UTAH, <br />QIC., a al., <br />JOINI7.Y ADMIMSTF]tID CASES <br />(Bani¢uptcy No. 908-6721) <br />Debtors. <br />THE COLORADO do WYOMING <br />RAB.WAY (Case No. 90BfiT30) <br />COMPANY, <br />Debtor. <br />AFFD)AVTT OF J. DAVm HOUGHTON IN SUPPORT OF <br />MOTION DATED NOVE2~JBER 2, 1997 FOR ORDFJ[ APPROVING <br />RELEASE AND WAJVFJt OF RIGHTS <br />REGARDING MICHAEL CRUZ <br />State o[ Colorado ) <br />ss: <br />Couary of Pueblo ) <br />1, J. David Hwghton, bein8 duly swum upon wth, depot and state u follows: <br />1. I arrt the Rctpwssibk OfCar of The Reotganiaed Colorado & Wyoming <br />Railway Company (•CRW), and in canneciw theewith my reponsibiliin include <br />ovetseeitt8 the asses and opesatiom Of C6.W in accordance with the Denton' and Railroad <br />Trustee's Rust Ameded and Restated Joint PW of Reorganiaiw Dated Deormdr 1, 1992 <br />(the 'Flan'). <br />2. I am familiar with the rJaim of MirLad Crux, was in an.,w„T u portions of <br />the trial in aonnttiw with such claim N We Uni7ed Stake Coup tar Ne District of Colorado <br />and am familiar rriN the Judgment abtain[d by Mr. Crm againrt the C&W in tlm amamt of <br />5684,900, Plus invest ant mats (the •Coorado Judgrornt'). <br />3. In catwlntion with Sma C. Kin;, Ne Reapormbk Dveeer of the CRW, I <br />puidpated in neactlatin8 the Rdnse and Waiver of Righb (the 'ReJnse and Waver) tlni <br />hm berm ezeeuted by MchrJ Cruz and am familiu with the toms thereof. <br />/. The amotou of settlement prooxds m be paid to Mr. Out., or Ote Railroad <br />ReYuement Beard on his behalf. ruder the Release and Waiver laW 5637.128.75. C&W hu <br />irtsurattoe toveage with «spea b the Cna claim fhu P~dn for a deducible of S15O,000, <br />which includes furtds atpended by the CRW for aaomeyY fee and mstS in the defense of a <br />claim. To dak the C&W aaody ha expeMd appmsimatrly 5137,300.00 in artomeys' fen <br />and oosn, ircluding aorta incurred in wnttecion with the remion of sewn! docwn, with <br />respect to the defenx of Ne Cna claim. 77teelare, of the proposed seWemen[ amount of <br />2 <br />