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IN RE LIONEL CORP.

Bankruptcy No. 82 B 10318, Adv. No. 82 5769A.

29 B.R. 296 (1983)

In re LIONEL CORPORATION, Lionel Leisure, Inc., Consolidated Toy Company, Debtors. The LIONEL CORPORATION, Lionel Leisure, Inc., Plaintiff, v. LOZIER STORE FIXTURES, INC., Defendant.

United States Bankruptcy Court, S.D. New York.

April 19, 1983.

Attorney(s) appearing for the Case

Olwine, Connelly, Chase, O'Donnell & Weyher, and Angel & Frankel, New York City, for debtor.

Bruce Roswick, New York City, Wald, Knoll, Freedman, Chapman & Bendes, Oakland, Cal., for Lozier Store Fixtures, Inc.

Rosenman, Colin, Freund, Lewis & Cohen, New York City, for Northwest Plaza Associates.

Weil, Gotshal & Manges, New York City, for Creditors' Committee.

Kronish, Lieb, Shainswit, Weiner & Hellman, New York City, for Equity Security Holders' Committee.

EDWARD J. RYAN, Bankruptcy Judge.

On February 19, 1982, the Lionel Corporation and Lionel Leisure, Inc. (jointly "Lionel") filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code. Lionel continued in the management of its business as debtor in possession pursuant to sections 1107 and 1108 of the Code.

On August 19, 1981, six months prior to the bankruptcy petition, Lionel entered into a sublease agreement with J.C. Penney Company...

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