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IN RE LIONEL CORP.

Bankruptcy Nos. 82 B 10318 to 82 B 10320 (EJR), Adv. No. 83-5395A (EJR).

30 B.R. 327 (1983)

In re The LIONEL CORPORATION, Lionel Leisure, Inc., Consolidated Toy Company, Debtors. The LIONEL CORPORATION, Plaintiff, v. The COMMITTEE OF EQUITY SECURITY HOLDERS OF the LIONEL CORPORATION and Michael J. Scharf, Defendant.

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

May 27, 1983.

Attorney(s) appearing for the Case

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

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

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for Individual Bd. of Directors.

Anderson, Russell, Kill & Olick, P.C., New York City, for Majority Debenture Holders.

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

Nathan Fuchs, New York City, for S.E.C.

DECISION ON MOTION FOR PRELIMINARY INJUNCTION

EDWARD J. RYAN, Bankruptcy Judge.

On February 19, 1982, Lionel filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code. Lionel continued in possession of its assets and the operation and management of its business as debtor in possession pursuant to Sections 1107 and 1108 of the Bankruptcy Code.

Pursuant to an Order of this Court dated March 12, 1982, the United States Trustee...

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