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LTV PARENT CREDITORS' COMMITTEE ISSUES STATEMENT ON MODIFIED PLAN OF REORGANIZATION

 LTV PARENT CREDITORS' COMMITTEE ISSUES STATEMENT
 ON MODIFIED PLAN OF REORGANIZATION
 NEW YORK, Feb. 14 /PRNewswire/ -- The LTV Parent Creditors' Committee announced today that it supports the basic economic terms as well as the overall structure for allocating creditor recoveries contained in the LTV First Modified Joint Plan of Reorganization, filed today, as a fair compromise of the numerous complex issues raised in the LTV reorganization cases.
 The Parent Committee recognizes that complex issues remain to be resolved between the debtors and creditor constituencies and expects that they will be addressed in the next several weeks in order to move forward with a disclosure statement hearing and an ultimate vote on the modified plan. The Parent Committee is optimistic that with the full cooperation of all competing constituencies, closure on these remaining issues can be reached promptly so that LTV can emerge from Chapter 11 in 1992. In particular and of utmost importance, this also will require that the debtors and the United Steelworkers successfully negotiate a labor agreement which ensures the long-term feasibility and viability of the modified plan and LTV's businesses.
 -0- 2/14/92
 /CONTACT: Wilbur L. Ross, Jr. of Rothschild, Inc., 212-757-6000, or Thomas E. Biron of Blank, Rome, Comisky & McCauley, 215-569-5562, both for the committee/
 (LTV) CO: LTV Parent Creditors' Committee; LTV Corp. ST: Texas IN: SU:


JT -- NY042 -- 0222 02/14/92 12:59 EST
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Date:Feb 14, 1992
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