Virginia-based title insurer LandAmerica will be out of business by the end of the year.
The Richmond Times-Dispatch reports on a notice filed with the state indicating that 291 LandAmerica employees will be let go, including the chief financial officer and the chief legal officer.
Bankruptcy law professor Robert M. Lawless said, “This is what’s known as turnip law. You can’t get blood out of a turnip.”
Posted by Peter Vieth
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment