LandAmerica, Lloyd's Take Another Crack At $38M Deal

Law360, New York (April 2, 2012, 6:22 PM EDT) -- LandAmerica Financial Group Inc.'s trustee asked a Virginia bankruptcy judge Monday to approve a second stab at a settlement of almost $38 million with Lloyd's of London underwriters, saying that other parties' objections to the deal have been resolved.

This renewed bid for a settlement in the errors and omissions insurance policy case also provides for a $3.2 million payment to the objectors — Commonwealth Land Title Insurance Co., Commonwealth Land Title Co. and Fidelity National Title Insurance Co. — who said the initial settlement would...
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