Law360, New York (January 22, 2013, 11:03 PM ET) -- The dissolution trustee for bankrupt title insurer LandAmerica Financial Group sought approval Tuesday for a $57.5 million asset sale and merger agreement between LFG and Arizona-based Western Alliance Bank in which two LFG units will be rolled into each other before being sold.
In a motion filed in Virginia federal court, the trustee sought approval for the deal, in which Phoenix-based Western Alliance Bancorp unit Western Alliance Bank would acquire LFG unit Centennial Bank after Centennial absorbs Orange County Bancorp, another LFG unit.
The deal would...
LandAmerica Trustee Seeks OK On $58M Sale
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