IN RE LIONEL CORP.

Bankruptcy Nos. 82 B 10318 to 82 B 10320, Adv. No. 84-5496A.

38 B.R. 679 (1984)

In re The LIONEL CORPORATION, Lionel Leisure, Inc., Consolidated Toy Company, Debtors. The LIONEL CORPORATION, Plaintiff, v. DYNAMICS CORPORATION OF AMERICA, Defendant.

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

April 25, 1984.


Attorney(s) appearing for the Case

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

Rosenman Colin Freund Lewis & Cohen, New York City, for Dynamics Corp. of America.

Kronish, Lieb, Shainswit, Weiner & Hellman, New York City, for the Equity Committee.

Cornelius Blackshear, New York City, U.S. Trustee.


MEMORANDUM AND ORDER ON APPLICATIONS FOR LEAVE TO INTERVENE

EDWARD J. RYAN, Bankruptcy Judge.

On February 24, 1984 Lionel Corporation (Lionel) and Dynamics Corporation of America (DCA) entered into an agreement whereby DCA was, upon confirmation of the Lionel Plan of Reorganization, to purchase 82% of the capital stock of Dale Electronics, Inc. (Dale) for $59.5 million. For prior proceedings relevant to this matter, see Committee of Equity Security Holders...

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