In the early 1960s, Edward Ball, who controlled the Alfred I. duPont Testamentary Trust, bought a majority ownership of FEC, buying its bonds on the open market, allowing the FEC to emerge from bankruptcy following protracted litigation with a group of the company's other bondholders, led by S.A. Lynch and associated with the Atlantic Coast Line which had proposed an alternate plan of reorganization. That same year, a labor contract negotiation turned sour. Ball was determined to save the railroad from the bankruptcy that had continued for more than a decade. Ball was certain that if the company didn't become profitable, the equipment and track would deteriorate to the point where some lines would become unsafe or unusable and require partial abandonment. Later, in 1962, the expanded Cuban embargo added to the woes.