Lionel Files Bankruptcy...
- Thread starter tuta
- Start date
The offended party was MTH or Mike's Train House. Lionel had some locomotives produced by the same company in the far east that was producing them for MTH.
Myself, I can't imagine that any train company, even Lionel, does that much business.
Myself, I can't imagine that any train company, even Lionel, does that much business.
FYI
there is an online chat this evening with lionel execs to discuss the filing...
http://lionel.com/DigiChat/Findex2.cfm
there is an online chat this evening with lionel execs to discuss the filing...
http://lionel.com/DigiChat/Findex2.cfm
Just came from the online chat with Lionel CEO Jerry Calabrese. Lionel is filing for bankruptcy protection, to allow them to raise money and mount an appeal. The question was asked "what if you lose the appeal?" and his answer was that it would make things difficult but that they were not about to be taken over by any other train company.
So I guess they have pretty deep pockets!
Val
So I guess they have pretty deep pockets!
Val
Lionel copied some of MTH's electronics in violation of MTH's patents. The amount of business one does really doesn't have a lot to do with penalties for patent infringement. A friend at my local hobby shop noticed that MTH had lionel beat by a long shot, and suddenly Lionel has the same electronics as MTH.