Abstract
The reaction π+pΛ+K has been studied in the liquid-hydrogen bubble chamber at the threshold energy for the reaction π+pΣ+K. The differential cross section for Λ production has been found to be dσdΩ=5010 cosθ25 cos2θ51 cos3θ+56 cos4θ μb/sr with a total cross section of 0.67±0.04 mb. The Λ's produced are nearly completely polarized normal to the production plane, and their decay is characterized by |αP¯|=0.60±0.05. Two leptonic Λ decays have been identified giving a rate for the leptonic decay consistent with one in a thousand. An unsuccessful attempt has been made to detect cusp-like effects. This attempt has failed because of the presence of high angular momentum states in the ΛK production process.

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