NOTICE
The LTV Corporation, along with 48
subsidiaries, filed voluntary petitions for relief under Chapter 11 of the
U.S. Bankruptcy Code on December 29, 2000. The cases were filed in
the U.S. Bankruptcy Court, Northern District of Ohio, Eastern Division
and jointly administered as Case No. 00-43866.
On December 7, 2001,
the U.S. Bankruptcy Court issued an order authorizing the implementation
of an Asset Protection Plan ("APP"). The APP includes the shutdown
and sale of all integrated steel assets. The Plan also provides for
the continued operation and sale of Copperweld and LTV's tubular products
business.
On December 18, 2001, the LTV Corporation declared that it
was the opinion of the Company that shares of its common stock were
worthless because the value expected to be generated by the sale of assets
would be insufficient to provide a recovery for common shareholders in the
reorganization process.
This website is intended to provide information
to the Company's former employees, retirees, creditors and customers
during the implementation of the Asset Protection Plan. Nothing
published in this website is intended in any way to promote the Company,
its common stock or any of its securities.
|