Lionel Tries To Stay On Track With Extension Bid

Law360, New York (February 13, 2007, 12:00 AM EST) -- Lionel LLC has asked the bankruptcy court for a fourth extension of its exclusive right to file a reorganization plan, as the toy train maker continues to await the outcome of a key trade secrets battle.

Lionel indicated in court papers filed with the U.S. Bankruptcy Court in Manhattan that it will not be able to file its restructuring plan until the U.S. Circuit Court of Appeals for the Sixth Circuit hands down a final decision in the trade-secrets suit filed years ago.

In December, an...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.