LandAmerica Objects to Exchanger Appeals

 

Richmond, Virginia.  On May 28, 2009, the Official Committee of Unsecured Creditors of LandAmerica Financial Group, Inc., the Official Committee of Unsecured Creditors of LandAmerica 1031 Exchange Services, Inc., and LandAmerica 1031 Exchange Services, Inc. filed joint objections to appeals filed by Frontier Peppers Ferry, LLC and Howard Finkelstein.  The objections allege that Frontier and Finkelstein are unable to meet the requirements to appeal an interlocutory ruling of the bankruptcy court to the U.S. District Court.  Further, the objections allege that the appeals are stayed by the bankruptcy court’s order to mediate entered on May 21, 2009.  The hearing on Frontier and Finkelstein’s Motions for Leave to Appeal will be heard by the Bankruptcy Court for the Eastern District of Virginia, Richmond Division, at the next LandAmerica Omnibus Hearing, June 18, 2009 at 10:00 a.m.