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LTV WINS ANTITRUST JUDGMENT APPEAL

 CLEVELAND, May 27 /PRNewswire/ -- The LTV Corporation (NYSE: QLTV) today reported that the U.S. Court of Appeals for the Third Circuit affirmed the lower court's treble damage antitrust award in LTV Steel's favor against Bessemer and Lake Erie Railroad Company, a former subsidiary of USX Corporation.
 LTV estimates the net value of the judgment (including interest to date but excluding fees and costs) at approximately $480 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 could seek a rehearing by the Third Circuit and could 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.
 LTV said that today's ruling by the Third Circuit does not change the recoveries of holders of LTV's pre-petition equity securities trading on the New York Stock Exchange. Under the Confirmed Plan of Reorganization the approximate anticipated recovery for each of the company's stock issues is as follows:
 Common 3 cents per share
 Class A Preferred 43 cents per share
 Class B Preferred 6 cents per share
 Class C Preferred 21 cents per share
 Class D Preferred 5 cents per share.
 -0- 5/27/93
 /CONTACT: Mark R. Tomasch of LTV Steel, 216-622-4635
 (QLTV)


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

AR -- CL017 -- 3206 05/27/93 18:30 EDT
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Publication:PR Newswire
Date:May 27, 1993
Words:256
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