Lionel Files Amended Plan With Valuation Estimate

Law360, New York (October 8, 2007, 12:00 AM EDT) -- Model-train maker Lionel LLC has filed a new version of its Chapter 11 plan and disclosure statement, which includes an estimate from the debtors' financial adviser putting the value of reorganized Lionel somewhere between $88 million and $112 million.

On Friday, Lionel submitted its first amended reorganization plan and related disclosure statement to the U.S. Bankruptcy Court for the Southern District of New York.

“The treatment provided for creditors hasn't really changed,” said Adam Harris, an attorney representing Lionel in Chapter 11, on Monday. Harris added...
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