Another Tooling Lawsuit Involving Lionel

So, Lionel is in trouble again. Not looking good. 😳

That should be interesting as it plays out, would love to hear who/what interfered with the contract, or rather who Lionel claims interfered with it.  Given that as far as I know Lionel hasn't exactly stormed the HO waters, it would lend credence to the claim they were trying to get out of the contract, but who knows? As they say, tell it to the judge (though usually these kind of things get settled out of court).

As it is said, "the Devil is in the details."   But also remember,  as "Judge Judy" said, " I am a 'truth machine'. "

The last litigated "glorious victory" (K Line's judgment) against Lionel was short lived, and so was K Line, after the initial result was reversed when appealed, which was another case of, "He who laughed last ... laughed best," first to the bankruptcy court and then the bank.

The law "is" certainly a "slippy slope" and so is the definition of the word "IS" ... according to Bill Clinton.

  Quare Clausum Fregit says it all !

@bigkid posted:

Lionel hasn't exactly stormed the HO waters, it would lend credence to the claim they were trying to get out of the contract, but who knows?

Imo, that was a bad idea. Likely another attempt by the bean counters running Lionel, to throw more **** at the wall and see what sticks.

not enough information. the deal started in 2018 for $100,000 in royalties then continued for 3 more years until 2021. At that rate Lionel would have paid $400,000 in royalties of a 5 years $500,000 deal.

So how after 4 years do they owe $266,774 for unpaid royalties, fees and interest.

$400,000 in storage for what? train parts, drawings, ????

not enough info here.

Lots of over-reaction here .  This is about peanuts, relatively speaking, financially,  and no one with any sense is going to spend 100s of hours of legal fees (at $500 per hour minimum, guesstimate) to actually litigate this.  It's a nuisance lawsuit in all likelihood,  to get Lionel to negotiate a settlement of whatever issue(s) exist,  without trial. Ho hum in my view.

I'll wait for professor Mike to weigh in along with his endless data.