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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").
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.
Leonovus Inc. It enables efficient, secure, and high-speed on-premise, hybrid or public cloud computing by leveraging advanced storage mediums to bare metal while identifying and leveraging idle storage in existing hardware systems. The company was founded on December 30, 2008 and is headquartered in Sunnyvale, CA.
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.