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From Times Staff and Wire Reports
Lionel Corp. Seeks Chapter 11 Protection: The one-time manufacturer of electric trains filed for protection from creditors while it reorganizes. New York-based Lionel, which sold its train business in 1969, operates 97 toy supermarkets in 15 states through its principal subsidiary, Lionel Leisure Inc. Lionel Leisure, based in Edison, N.J., joined its parent in the bankruptcy filing in New York. Lionel trains are now manufactured by privately held Lionel Trains Inc. of Mt. Clemens, Mich.
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