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Case arising from LandAmerica bankruptcy has winners and losers on both sides
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Court Report
Thursday, July 16, 2015
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A Pennsylvania federal court ruled May 27 on motions filed in a case involving a couple who lost their 1031 exchange funds in the 2008 bankruptcy of LandAmerica Financial Group Inc., and its various subsidiaries. The couple alleged a Ponzi scheme in which LandAmerica and its companies lured them into their transaction, knowing full well that they were about to go insolvent — but the court battle has winners and losers on both sides. Find out who prevailed on their motions.
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