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IN RE LIONEL CORPORATION

Bankruptcy No. 82B 10318-10320, Ad. No. 83-6048A.

41 B.R. 804 (1984)

In re The LIONEL CORPORATION, Lionel Leisure, Inc., Consolidated Toy Company, Debtor. The LIONEL CORPORATION, Plaintiff, v. WETTERAU INCORPORATED, Defendant.

United States Bankruptcy Court, Southern District of New York.

August 28, 1984.

Attorney(s) appearing for the Case

Wachtell, Lipton, Rosen & Katz, New York City, for defendant.

Olwine, Connelly, Chase, O'Donnell & Weyher, New York City, for plaintiff.

EDWARD J. RYAN, Bankruptcy Judge.

On February 9, 1982, Lionel and its subsidiaries, Lionel Leisure, Inc. and Consolidated Toy Company (Lionel), filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code. 11 U.S.C. §§ 1107 and 1108.

On December 5, 1980, Lionel had acquired 100% of the outstanding stock of the Consolidated Toy Company from Wetterau, Inc. (Wetterau).

Under the acquisition agreement, Wetterau provided...

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