LandAmerica files Chapter 11

Henrico, Va.-based title insurance company LandAmerica has declared bankruptcy; some of the company’s assets — Lawyers Title Insurance Corporation, and Commonwealth Land Title Insurance Company, and United Capital Title Insurance Company — are being acquired by Fidelity.

More on the story here. And here.

It’s stock price is down more than 78 percent today; it’s now at $.20.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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2 Responses to LandAmerica files Chapter 11

  1. Another incident adding to the fear factor when someone had been planning on selling a home. I hope Prez Elect Obama can do all we voters hoped he could. Everything is messed up in so many ways.

  2. I really hope this chain of events would slow down or at the best, stop.

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