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...
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