Bankrupt Land America Proposes New $37.85M Deal With Insurers

Bankrupt Land America Proposes New $37.85M Deal With Insurers

RICHMOND, Va. - Bankrupt Land America Financial Group Inc. on March 30 moved in the U.S. Bankruptcy Court for the Eastern District of Virginia for approval of a modified settlement agreement of $37.85 million with Certain Underwriters of Lloyd's, London, contending that initial objections to the deal had been addressed (In Re: Land America Financial Group Inc., No. 08-35994, Chapter 11, E.D. Va. Bkcy.).  Subscribers may view the motion within the full update.

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