Replies to post #9258 on LANDAMERICA (fka LFGRQ)

[detearing]

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.