InvestorsHub Logo
Followers 601
Posts 18004
Boards Moderated 1
Alias Born 12/23/2008

Re: Winneragainstallodds post# 9258

Wednesday, 09/09/2009 3:09:30 PM

Wednesday, September 09, 2009 3:09:30 PM

Post# of 9399
I have no idea why LFGRQ would pay those legal fees unless there was a green outcome for the stockholders. They would have thown up their hands and sent it to Chapter 7 IMO. The judge keeps on siding with LandAmerica IMO and this is good news - has and always will be a waiting game unless you have a strong will and can part with your shares and hope you can pick up more at a cheaper price - scary IMO.

I like this as well... "Also yesterday, Huennekens approved a request to hire special counsel to litigate, investigate and pursue claims against firms that marketed auction-rate securities to LandAmerica." http://www2.timesdispatch.com/rtd/business/local/article/B-LAND26_20090825-215207/288302/

This is great news and can play out big, but again will take time.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.