"Q" Watch - Stocks About to Exit Bankruptcy

[WIDESPREAD PANIC]

LTVCQ +32% bankruptcy estate has litigation against the directors of the company

recently the directors have shown an interest in mediation that could expedite the chapter 11 plan

the lawsuit could be settled as early as Jan 15th according to court transcripts =)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34492204

Hearing on Jan 15th--Significant Date...

MR. WILSON: Oh, yes. I mean we have yet to
16 liquidate the estates of LTV Steel and LTV Corp.
17 THE COURT: What's the time period --
18 MR. WILSON: I believe --
19 THE COURT: -- projected for that?
20 MR. WILSON: -- that that will depend on the
21 outcome of the litigation, Your Honor.
22 THE COURT: Is there a projected time period
23 once the litigation concludes that those activities can
24 be concluded?

MR. VAN NIEL: Right. It's January 15th,
3 2009. And I'm also happy to report that we were
4 approached by the defendants about the possibility of
5 mediating, I would call it, defendant-related issues in
6 the case and we're in the process of evaluating that.
7 So it may be that we can accelerate a resolution of
8 those issues

with $1.2B in NOLs

LTVCQ $6M settlement from AIG in the court dockets!!