Bridge Order Keeps Lionel On Track

Law360 (June 20, 2007, 12:00 AM EDT) -- The judge overseeing Lionel LLC's Chapter 11 proceedings has issued a bridge order, keeping the model train maker in control of its case until the court has a chance to rule on Lionel's fifth bid for an extension of its exclusive rights to file and seek support for its reorganization plan.

U.S. Bankruptcy Judge Burton Lifland signed off on the bridge order Monday, preserving Lionel's exclusivity rights until the court enters an order granting or rejecting Lionel's June 15 motion to have its exclusive right to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.