Nov 26, 2008
LandAmerica files Chapter 11
26 Nov 2008
Posted by Andrew Kantor
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.
It’s stock price is down more than 78 percent today; it’s now at $.20.