U. S. Steel Settles Illinois Case
United States Steel Corporation (NYSE: X) 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.
SOURCE: United States Steel Corporation
CONTACT: Mike Dixon, +1-412-433-6860 or John Armstrong, +1-412-433-6792,
Web site: http://www.ussteel.com/
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