Judge Lets Bankrupt Steelmaker LTV Cancel Costly Deal with Accenture.

From: Knight Ridder/Tribune Business News | Date: August 11, 2001 | Copyright information

By Kim Chievrue, The Times, Munster, Ind. Knight Ridder/Tribune Business News

Aug. 11--A bankruptcy court judge has let LTV Corp. off the hook for a contract the steelmaker said was costing it millions.

U.S. Bankruptcy Court Judge William T. Bodoh granted a motion Tuesday to allow LTV to cancel its 10-year contract with computer consulting firm Accenture LLP.

LTV had been paying Accenture about $4.25 million a month. LTV officials said the company ...

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