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Re: detearing post# 6503

Tuesday, 03/03/2009 8:37:20 PM

Tuesday, March 03, 2009 8:37:20 PM

Post# of 9399
Grumman, as we discussed, we will look to the court for the filings and not a future Form 10K, per Docket 930:

"LandAmerica’s current activities consist of administering its estate, providing limited transition services to Fidelity and disposing of its remaining assets. LandAmerica does not have debtor-in-possession financing. Further, the Company’s available cash is limited, and, during its chapter 11 case, such cash is needed to meet administrative expenses such as rent, payroll, corporate overhead, advisors’ fees, and expenses associated with selling remaining assets, reconciling claims and winding down the Company’s affairs.

The chapter 11 proceedings created obligations to file monthly operating reports with the Court, and the Company has used its limited financial and human resources to complete such filings. The Company currently does not have, and does not expect to have in the future, the capacity to prepare consolidated financial statements for the fiscal year ended December 31, 2008 that are capable of being audited by an independent registered public accounting firm or certified by the Company's executive officers.

As a result, the Company will not be in a position to file its Form 10-K by the fifteenth calendar day following the required filing date, March 1, 2009, as prescribed in Rule 12b-25 and further cannot make any assurances as to when it will complete and file the Form 10-K. The Company has not had the resources, and does not expect to have the resources, to file its Form 10-K."
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