LandAmerica Financial Group, Inc. files for Chapter 11

LandAmerica Financial Group, Inc. filed for chapter 11 bankruptcy today at the United States Bankruptcy Court for the Eastern District of Virginia.  The debtor's petition lists $3.3 billion in assets and $2.8 billion in debts.  As of November 3rd, the debtor had 15,471,268 shares of common stock outstanding.

According to Court documents, LandAmerica Financial Group, Inc. is the third largest title insurance underwriter in the United States.