The LTV Corporation produces steel. The Company manufactures coated, cold and hot rolled sheet, and strip, as well as offers tubular and tin mill products. The LTV serves clients in the United States.
The LTV Corporation. The LTV Corporation is the third largest steel producer in the United States. As the second largest domestic maker of flat-rolled steel, the company supplies the automotive, appliance, and electrical equipment industries. Other areas in which LTV holds leading positions include carbon electrical steels,
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LTV Corporation. As part of a 1971 antitrust settlement, the company sold its Braniff and Okonite components, and Thayer changed the company name from Ling-Temco-Vought to LTV Corporation. Thayer was succeeded by former Xerox executive Raymond Hay. First bankruptcy. In July 1986, LTV Corporation filed for chapter 11 bankruptcy protection. With .14 billion ( billion today) in total assets and $4.59 billion in debt.
The LTV Corp., 824 F. 2d 197 (1987). Because the Plans’ participants lost some benefits as a result of the termination, the Steelworkers filed an adversary action against LTV in the Bankruptcy Court, challenging the termination and seeking an order directing LTV to make up the lost benefits.
Respondent LTV Corporation and many of its subsidiaries (collectively ltv) filed reorganization petitions under the Bankruptcy Code for the purpose, inter alia, of restructuring the pension obligations of one of the subsidiaries under three ERISA-covered, cronically underfunded pension plans (the Plans), two of which could not be voluntarily terminated by LTV under ERISA’s terms because they resulted from collective-bargaining negotiations with the United Steelworkers of America. In light of.
ITEM 8.01. Other Events. As previously disclosed, on December 29, 2000 The LTV Corporation and 48 of its wholly-owned subsidiaries (the "Debtors") filed voluntary petitions for reorganization under Chapter 11 of the federal Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Ohio (the "Bankruptcy Court").
A lender calculates LTV by dividing the amount of the loan by the lesser of the. its risk by requiring the borrower to buy insurance from a PMI company.
LTV CORPORATION.LTV Corporation, with headquarters originally in Dallas, began as an electric company, moved into the defense and aerospace business, and became the nation’s third-largest steel manufacturer, supplying steel products to the automotive, appliance, construction, and other industries.