LandAmerica Unit Sues UnitedTech For Contract Breach

Law360, New York (February 5, 2010, 2:35 PM EST) -- A bankrupt subsidiary of insurer LandAmerica Financial Group Inc. that recently sold its assets to UnitedTech Lender Services Inc. has lodged an adversary complaint that accuses UnitedTech of using funds from the deal for items outside its contractual scope, such as prepetition liabilities.

LandAmerica OneStop Inc., which is the only remaining LandAmerica subsidiary still in Chapter 11, filed its complaint Thursday with the U.S. Bankruptcy Court for the Eastern District of Virginia, seeking at least $1.5 million plus interest and attorneys' fees.

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