LANDAMERICA (fka LFGRQ)

[johnny2525]

"basically says that the commitee of
plaintiffs and Landamerica have an
agreement to take care of all the
complaints and avoid anymore litigation.
If they get get everyone to agree to it
on Monday, then they can discharge the
bankruptcy in short order compared to
handling each case one by one"

If this is the case in this situation my question is, is there any reason that the judge would turn Landamerica's request. This statement basically tells me that Landamerica and the other companies trying to get money out of them have agreed to take care of there problems outside of the court. So the court isnt needed anymore. In a perfect world wouldnt the court just say " Okay guys you have come to an agreement on abc and d so get out of my courthouse."