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COURT OF APPEALS UPHOLDS RULING IN FAVOR OF LTV

 CLEVELAND, July 27 /PRNewswire/ -- The U.S. Court of Appeals for the Third Circuit today denied the Bessemer and Lake Erie Railroad Company's petition for a rehearing of the Circuit's earlier decision. That decision affirmed the lower court's treble damage antitrust award in LTV Steel's favor. The Bessemer and Lake Erie Railroad Company is a former subsidiary of USX Corporation.
 LTV estimates the net value of the previously announced judgment (including interest to date but excluding fees and costs) at approximately $487 million. Under LTV's confirmed Plan of Reorganization all proceeds from the litigation will be contributed to the restored Steel pension plans. Bessemer and Lake Erie has 90 days to petition the U.S. Supreme Court for a review.
 USX Corporation has indicated in its public filings with the SEC that it is obligated to the purchaser of the BL&E to reimburse it for amounts paid by the Railroad under this lawsuit.
 -0- 7/27/93
 /CONTACT: Mark R. Tomasch (media), 216-622-4635, or Eric Evans (analysts), 216-622-5680, both of The LTV Corporation/


CO: LTV Steel ST: Ohio IN: MNG SU:

KL -- CL014 -- 6091 07/27/93 09:11 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
Words:191
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