MTH to own LIONEL?

Discussion in 'Getting Started' started by pjb, Jun 16, 2004.

  1. pjb

    pjb Member

    If the 43.5 million(US$) judgement in a US Federal Court in Michigan against LIONEL stands up, it is likely LIONEL LLC will become MIKE's TRAIN HOUSE.
    The civil judgement secondary to LIONEL's collusion with KOREA MODEL TRAINS, to steal and misuse MTH's tooling drawings, to produce the LIONEL limited run articulateds is being appealed.
    You will remember TEXACO going under because of a similar(if much larger) civil judgement , but LIONEL LLC, does not have the resources to pay legal fees, this
    judgement, and stay in business under the same partners.

    So it should be, and so far as I know there is no attempt to put any of the bums in jail, which means they will only suffer monetary losses.
    The Koreans for their part have convicted and jailed four of the KOREA MODEL TRAINS , principals.
    Good-Luck, PJB
  2. Fred_M

    Fred_M Guest

    If I was MTH I would rather have the money. :D Fred
  3. Will_annand

    Will_annand Active Member

    Full agreement here Fred.
    Hitting some of these guys in the wallet is more damaging than jail time. Big business guys seem to place money above everything.

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