LandAmerica posts $12.53 million August net loss, $17.25 million sales

By Alice Popovici

New York, Oct. 21 - LandAmerica Financial Group, Inc. posted a $12.53 million net loss for August on $17.25 million in total revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

In comparison, the company posted a $19.06 million net loss in July on $3.05 million in revenues.

LandAmerica had $70.73 million in cash and cash equivalents at Aug. 31, down from $81.23 million at the end of July.

LandAmerica, a title insurance underwriter based in Glen Allen, Va., filed for bankruptcy on Nov. 26, 2008 in the U.S. Bankruptcy Court for the Eastern District of Virginia. Its Chapter 11 case number is 08-35994.

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