The Latest K-Line Update
A post on OGR Forum contained details about K-Line’s December ‘05 financial filing with the North Carolina federal bankruptcy court. Points of interest include:
- 19 employees terminated in month of December
- Maury Klein was paid $8,882 and Anna Szajnert-Klein was paid $8,822 for the month
- K-Line’s law firm was paid $40,037
Also, I found a comprehensive breakdown of the Lionel vs K-Line and Lionel vs MTH lawsuits on the Lionel Operating Train Society web site written by Erol Gurcan, Esquire (the same Erol that is passing info about the cases to Charlie of Nassau Hobbies). The write up is not new, seems to have been posted in mid 2005 but it’s worth a read if you are interested in the details of the Lionel cases. Here is an excerpt from Mr. Gurcan’s report:
"Lionel claims that Grubba, its former director of engineering, with the knowledge and consent
of his current employer K-Line, knowingly schemed, conspired contracted
and acted as a liaison with then Lionel senior electrical engineer
Marty Pierson, to provide K-Line with Lionel’s technology, consisting
of trade secrets and copyrighted computer circuits."
View OGR discussion about K-Line’s December filing
View write up of Lionel’s lawsuit with K-Line and MTH on Lionel Operating Train Society site
Related posts:
« MTH Files Lawsuit Against Korea Brass, Inc UPDATE | Main | Atlas Responds to Switch Issues »
No Responses to “The Latest K-Line Update”
There are no comments yet... Kick things off by filling out the form below.