Ex-LandAmerica Workers Drop Suit Over Plan Management

Law360, New York (August 24, 2011, 8:06 PM EDT) -- A Virginia federal judge on Wednesday dismissed a putative class action by former LandAmerica Financial Group Inc. employees now that a bankruptcy court has agreed to toll their claims against the executives who oversaw the fallen title insurance giant’s retirement plan.

U.S. District Judge John Gibney Jr. signed off on the plaintiff’s dismissal bid after the trustee for the LandAmerica Financial Group liquidation trust agreed to preserve the Employee Retirement Income Security Act claims against former CEO Theodore Chandler, ex-Chief Financial Officer G. William Evans and...
To view the full article, register now.