LandAmerica posts $10.21 million April net loss on negative revenues

By Caroline Salls

Pittsburgh, June 19 - LandAmerica Financial Group, Inc. posted a $10.21 million net loss for April on negative revenues of $3.76 million, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

The figures showed a decline from the $11.13 million net gain posted in March on $18.86 million in revenues.

As of April 30, the company had $87.98 million in cash and cash equivalents, down from $104.12 million at the end of March.

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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