LandAmerica

LandAmerica bosses headed to trial

landamericafrontdoor

A federal bankruptcy judge’s decision clears the path for a trial to determine whether the bosses at LandAmerica were so incompetent during its demise that they should pay damages to creditors.

Chamber exits workforce development, cuts 1 job

Kim Scheeler, president and chief executive, said the organization is stepping back from workforce development so as not to complicate the efforts of the newly formed board. As a result, one position was eliminated. The Chamber is focusing more on high speed rail, according to Scheeler.

LandAmerica jet goes to auction

After flying high on the mortgage boom, LandAmerica took a nosedive when the title company filed for bankruptcy last year. With the company grounded, it apparently no longer has a need for the corporate jet, a 1999 Hawker Beechcraft 400A. The jet, owned by LandAmerica subsidiary Beech Fly LLC, will be auctioned by Martin Air… Read more »

Was LandAmerica’s 1031 business a Ponzi Scheme?

The gloves have come off as former LandAmerica customers fight to retrieve money they gave to the company to hold for a few months. Lawyers representing former customers of LandAmerica’s 1031 Exchange business have filed two class action lawsuits against the company, alleging that the Richmond-based firm committed fraud and was using money from new… Read more »

Henrico’s plan

Qimonda, LandAmerica, Circuit City, Genworth. Four of the major corporations and private employers in Henrico County have shed at least 5,000 high-paying jobs. And it’s likely to get worse before it gets better, says Leonard Cake, the county’s director of economic development. Still, the county has more than 20,000 businesses, and as of November the… Read more »