Ex-LandAmerica Execs Fight Tolling Agreement

Law360, New York (July 19, 2011, 6:46 PM EDT) -- Former executives of bankrupt LandAmerica Financial Group Inc. cried foul Tuesday in Virginia bankruptcy court over an agreement to toll claims in a proposed employee class action against them, claiming they were never consulted about the matter.

The executives, including former CEO Theodore Chandler, ex-Chief Financial Officer G. William Evans and former independent members of the board of directors, allege that LandAmerica's trustee didn't consult them before agreeing to apply a two-year-old tolling agreement to the proposed class action, which alleges that the executives breached their...
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