Lionel trains?

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2 replies

Anonymous

Member since
April 2003
305,205 posts

Lionel trains?

Posted by Anonymous on Wednesday, December 29, 2004 9:11 PM

I heard roumers about Lionel trains going bankrupt, is this true? Are they being bought out? Or going under, never to make trains again?

Its a sad day if it true.... [:(]

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cacole

Member since
July 2003
From: Sierra Vista, Arizona
13,757 posts

Posted by cacole on Wednesday, December 29, 2004 9:14 PM

Lionel has filed for Chapter 11 Bankruptcy protection because of the $40 million lawsuit brought against them by MTH. This doesn't particularly mean that they are going to go out of business, especially if they appeal the verdict and get it reduced.

Anonymous

Member since
April 2003
305,205 posts

Posted by Anonymous on Wednesday, December 29, 2004 9:29 PM

The name LIONEL will ALWAYS be around... you wont see Chevy or Ford die either... Just like you wont see Lionel.

Lionel now is a far cry from the Old used to be Lionel.

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