CHESTERFIELD, Mich., Nov. 15 /PRNewswire/ -- Lionel LLC, the nation's number one model train manufacturer, today announced that it has filed a voluntary petition in the Bankruptcy Court of the Southern district of New York for protection under Chapter 11 of the U.S. Bankruptcy Code (1). The filing was prompted by a $40.8 million judgment against the company for the alleged misappropriation of a competitor's toy train designs by a subcontractor. Lionel's day-to-day operations will continue as usual, including meeting all merchandise shipping obligations customary for the holiday selling period and rolling out new products on schedule. The company remains...