"I have taken half a dozen trade-secret cases to the FBI. At least not if he's facing his house, which he built back when he worked with, not against, the company founded by Joshua Lionel Cowen. In the spring of 2000, Wolf brought a civil action against Lionel, seeking $29 million in damages for misappropriation of trade secrets. The former designer confessed to receiving stolen MTH designs on computer disks from accomplices at Samhongsa. "The act can be a powerful tool, but it's judicial discretion," says Halligan. As Lionel made its filing, Calabrese released this statement: "The MTH judgment alone has forced us to take this action. A report from model railroading's trial of the century. Age Read More, Raquel (Wrestler) is a Brazilian Brazilian professional wrestler, professional wrestling valet, businesswoman and fitness model, who was born on 10 Read More. They like the innovation that Mike brought. He has accumulated this net worth through professional football career since his childhood. The industry's legendary founder, Joshua Lionel Cowen, pulled few punches in battling his rivals of the day, A.C. Gilbert and the Ives Co. A 5-foot-5-inch titan of American entrepreneurship, Cowen founded Lionel Manufacturing in 1900 at age 23. As a result, Lionel was saddled with an aging and unreliable product line at a time when competitors were improving their offerings.". Did defendant Korea Brass and defendant Yang improperly acquire, disclose to Lionel, or use this information? Says Jim Bunte, a former Lionel vice president: "I don't think Mike intended to split off and do his own thing. When he hit the ground in South Korea, however, he did benefit from prompt and diligent attention from both his Asian business partner and South Korean authorities. The industry was aghast. Samhongsa's former designer was convicted of trade-secret theft, as was the head of Korea Brass, who was found by a South Korean appellate court to have paid for the stolen designs and used them in the manufacture of trains it sold to Lionel. The number dropped to $7.8 million in 1998, $6.2 million in 1999, and less than $1 million in 2000 -- as Lionel, he testified, competed with him model by model, using his own drawings to flood the market, intent on putting him out of business. A lot of people love the fact that he pushed the product in a scalelike direction, dragging Lionel away from its kind of toylike past. And Lionel was clearly vulnerable. "But he has a lot of fans. Do you have a blog? Near the top of the hill the MTH engine hit a sensor that cut the power. It wasn't long before Wolf became Williams' largest distributor. A red rag on the antenna signaled a pickup. The jurors heard of Wolf's rise in the world of model railroading and saw a slide of his family's modest Cape Cod-style house, including the window of the upstairs bedroom where Mike's Train House was born. "It's easy to beat your competition when you know what they're making and how many they're making," says Wolf. "Mike is not sparkling lily white in all this," Bunte continues. He let stand the damages assessed by the jury. He's been fueled over the last 10 to 15 years out of a sense of vengeance. Age 73 Read More, Michal Bílek is a Czech Manager And Former Player, who was born on 13 April, 1965 in Prague, Czechoslovakia. And, except for a brief, call-all-the-employees-together meeting, no celebration to speak of. Check Reputation Score for Diedre Vital in Jacksonville, AL - View Criminal & Court Records | Photos | Address, Email & Phone Number | Personal Review | $100 - $149,999 Income & Net Worth Yes. Yes. We have tools and resources that can help you use sports data. From a high of 127 employees, MTH is down to 57. It terminated MTH's distributor status -- Wolf says he was then the second-largest mover of Lionel trains and parts in the nation, selling $3 million to $4 million of Lionel products annually -- cutting off delivery right then and there. Estimated Net Worth in 2019: $100K-$1M (Approx.) Data Provided By They heard him testify about the impact not just of the theft of his designs but also of the theft of his production schedule, which his lawyers had shown had ended up in the hands of Lionel's president and other top employees. It was Calabrese, then, who led Lionel on November 15 as the company filed for protection under Chapter 11 of the U.S. Bankruptcy Code. Where this will end isn't clear. For past: "Eleven thousand, nine hundred...." The clerk stopped and corrected herself: "Eleven million, nine hundred and seventy-eight thousand, eight hundred and eighty-seven dollars." Wolf started his own business as a teenager. Search for: Lionel Vital. Wolf wrote to his customers, explaining the new order of business. Plus, he says, he'd first offered to build this more expensive, more difficult-to-manufacture diesel engine for Lionel. To press his case, Wolf felt compelled to reveal much of his privately held company's production strategy and financial information. MTH made a five-figure profit in 2003. Age 54 years Read More, Pete Staples is a British Guitarist, who was born on 3 May, 1944 in Andover, Hampshire, England, UK. Wolf, emulating his hero, Joshua Lionel Cowen, rattled the industry with a barrage of aggressive comparative ads -- and a provocative demonstration at the next York train show. We will update soon. Copyright © 2000-2020 Sports Reference LLC. He faced what I faced when I went to work at Lionel -- a very entrenched bureaucracy. The next, with a ring of the phone in 1999, everything changed. And a lot of these guys are underdog worshippers. An internal memo noted: "Prior to Wellspring's purchase of Lionel, the company had not invested substantially in new tooling, and had no ability to do so. All rights reserved. Currently, he is the highest-paid soccer player in the history of football. Williams positioned Wolf behind the parts table, where the line often snaked practically out of sight. Sales at MTH were headed to a high of some $60 million in 2000, close to Lionel's industry-leading position. FREE Background Report. "If you want to get Freudian," he says, "this is the boy seeking to slay the father. At the time of the trial, Wolf estimated his legal expenses, ratcheted nastily upward by its foreign components, were approaching $4 million, with more than $1 million already out of pocket. When Williams decided in the mid-'80s to sell part of his business, Wolf was his buyer of choice. Pro-Football-Reference utilizes Official NFL data for current NFL seasons. Nowadays that amount of digitized information can fit on a USB flash drive, the sort of thing people carry on key chains. He says he felt "almost like an employee" at the company that first put electric trains under the Christmas tree. Somebody simply downloads your entire hard drive.". Lionel Messi has a net worth of around $400 million in 2020. Modelers are the guys who toil for hours on end over their basement layouts. He was able to continue only because his law firm felt confident enough of the outcome to work on contingency. In the time between the jury's decision and the judge's final ruling, Wellspring fired Bill Bracy, Lionel's CEO and president, and installed Jerry Calabrese, former president of the company that owns Marvel Comics -- making him the sixth Lionel president in 15 years. Net Worth & Salary of Lionel Messi in 2020. There were plenty. "It's like shooting fish in a barrel.". Logos were compiled by the amazing SportsLogos.net. In addition, the jury deemed that Lionel had unjustly enriched itself by $12,834,820 and Korea Brass and Yoo Chan Yang by $2,167,440. "This is the way the system works," Wolf said back at his hotel after his second day of testimony. But there's been no windfall. He was ranked by Forbes as the second-highest-paid athlete in the world in 2018. "Everybody's supposed to be doing it for fun -- nobody's supposed to be mad at anyone else, nobody's supposed to sue anybody else. The expectation for 2004? "They have yet to accept responsibility or redress their actions, which the jury found to be willful and malicious," he says. Mike Wolf always dreamed of running toy-train icon Lionel. The suit dragged on, blocking Kughn's attempts to sell his controlling interest in Lionel. Lionel Vital: Pos: RB, Career: 3 G, 2 TD, 346 Yds, 4.3 Y/A, Redskins 1987, born LA 1963 The settlement did nothing to curb the animosity. Now he's locked in a death struggle with the company he loved. Indeed it did. Kughn, who declined to comment, apparently didn't care for much of Wolf's advice -- as when Wolf told Kughn that Lionel's ranks included a lot of deadwood that needed to be cleared. Lionel Age, Height & Weight. Wolf told the jury his company lost some $815,000 in 2001 -- one of many revelations he found painful. An MTH engine pulled a Lionel engine backward up the hill, while the Lionel's wheels spun pitifully. the official stats partner of the NFL. Lionel is a sound company that enjoys healthy sales, growing demand for our products and the best brand and reputation in the business. Not only had the evidence trail begun on the other side of the globe, but it would involve putting an icon on trial -- not quite on the order of prosecuting Santa Claus, as in Miracle on 34th Street, but surely not a case coveted by prosecutors with political ambitions. Or write about sports? And, as part of the deal, Wolf's company became a Lionel distributor, selling all models of Lionel trains. "No way they built this without something from us." "How else could I get Mike's Train House to outsell Lionel? And prosecuting Lionel would not be easy. I flipped them over and the way the screw holes and everything lined up there was no doubt in my estimation that it was a copied design. The coupled engines slid back downhill, and the Lionel engine smashed into a bumper, symbolically adding insult to injury. ", While Lionel and Wellspring have mostly declined to comment on the trial, juror Edward Rutkowski, a 51-year-old tooling layout inspector and the only member of the jury with relevant technical manufacturing expertise, explained one of the determining factors. Investigations pinpointed a former designer of MTH trains at Samhongsa who had moved on to become chief engineer at a rival company called Korea Brass. He called the company Mike's Train House -- later renaming it MTH Electric Trains as he moved to more spacious office and warehouse quarters in Columbia, Md. "I had $750,000 worth of pre-orders and had taken deposits from customers," says Wolf. Lionel Vital . As of 2109, the 90s American singer Lionel Richie holds more than $200 million net worth. Lionel Vital is a American famous celebrity, who was born on 15 July, 1963 in Loreauville, Louisiana. After news of the verdict was reported in the Detroit papers and The Washington Post, which serves MTH's hometown of Columbia, Wolf's phone started ringing with calls from stockbrokers and insurance salesmen and financial planners. We were painting and assembling them here in Maryland at the beginning; then the volume grew too big and we transferred that to Samhongsa.". To supplant and replace Lionel." In a federal courtroom in Detroit in May 2004, a jury of six women and two men got a glimpse of just how personal things had grown when MTH's counsel quoted an e-mail from Korea Brass agent Yoo Chan Yang to former Lionel director of engineering Bob Grubba that referred to MTH as "the dirty rat."
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