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LandAmerica Financial Group posts $19.06 million net loss for July
By Alice Popovici
New York, Sept. 17 - LandAmerica Financial Group, Inc. posted a $19.06 million net loss for July on $3.05 million in revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.
In comparison, in June the company reported a $7.88 million net loss on negative revenues of $991,000.
LandAmerica had $81.23 million in cash and cash equivalents at the end of July, up from $78.89 million at the end of June.
LandAmerica, a title insurance underwriter based in Glen Allen, Va., filed for bankruptcy on Nov. 26, 2008. Its Chapter 11 case number is 08-35994.
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