Replies to post #9307 on LANDAMERICA (fka LFGRQ)

[Eli's Gone]

The cliff notes are the company published their proposed Chap 11 Plan yesterday-docket # 1992 (Disclosure statement docket #1991 gives a good explanation)...

the plan is backed by the debtor and creditor committees---and if passed--states the LFG equity will be canceled and the holders will NOT participate in any distributions under the plan...