LandAmerica Proposed Settlement with SunTrust

Richmond, Virginia.  The Trustee for the LandAmerica 1031 Exchange Services, Inc. Trust (“LES Trust”) has been investigating litigation regarding the causes of action held by LandAmerica. The Trustee’s efforts have resulted in an agreement with SunTrust Robinson Humphrey, Inc. for them to pay $14.25 million to the LES Trust.  The Bankruptcy Court will hear the motion to approve this settlement on June 16, 2011 at 10 a.m.  Ronald Page, PLC represents creditors in complex Chapter 11 bankruptcy cases.