Lionel LLC won approval Wednesday to pay lawyers and financial advisers who are working to bring the model train maker out of bankruptcy protection. Chesterfield, Mich.-based Lionel -- maker of its iconic miniature trains, tracks and accouterments since 1900 -- asked a federal bankruptcy judge in New York to approve $675,808.72 in fees. The company's bankruptcy attorneys, from Schulte Roth & Zabel, were paid $95,977.50 in fees and $2,145.46 in expenses for work done from Sept. 1 to Dec. 31 of last year.
April 12, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.com
Lionel LLC won approval Wednesday to pay lawyers and financial advisers who are working to bring the model train maker out of bankruptcy protection.
Chesterfield, Mich.-based Lionel asked U.S. Bankruptcy Judge Burton Lifland in New York to approve $675,808.72 in fees.
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