Dear Jace,
K-Line got caught up in trying to keep up with the big boys. His
sales were about a 1/4 of "L" and MTH. He expanded his line in an
effort to catch up, but ended up defaulting on his payments to the
builder. He also got caught with his hands in the till on "L" motor
software for his hi-end line...
Don
On Nov 12, 2010, at 3:40 PM, JGG KahnSr wrote:
>
> As I recall hearing the story some years ago--six or eight at least--
> what happened is that MTH (Mike Wolf) caught Lionel complicit in
> pirating Korean designs, had them by the short and curlies, so
> Lionel rolled over on K-Line, effectively getting so large a
> judgment against them that they got the entire business in
> settlement. Which was too bad, as K-Line was just starting to get
> serious about two-rail O scale (I have not been impressed by the K-
> Line S scale I've seen).
>
> Jace Kahn
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