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U. S. Steel Settles Illinois Case.

-- PITTSBURGH, March 31 /PRNewswire-FirstCall/ -- United States Steel Corporation announced today that it has reached a settlement in a case in which a Madison County, Illinois, state court jury on March 28 returned a verdict against the company of $250 million, which included $50 million in compensatory damages and $200 million in punitive damages. The asbestos liability case involved a former employee at the company's Gary Works plant in Indiana. Terms of the settlement were not disclosed; however, the total amount of the settlement was substantially less than the compensatory damages award.

CONTACT: Mike Dixon, +1-412-433-6860 or John Armstrong, +1-412-433-6792, both of United States Steel Corporation

Web site: http://www.ussteel.com/

Company News On-Call: http://www.prnewswire.com/comp/929150.html
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Publication:PR Newswire
Geographic Code:1USA
Date:Mar 31, 2003
Words:121
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