This decision was reached in view of the Company’s announcement that it and its subsidiary LandAmerica 1031 Exchange Services, Inc., have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia in NYSE Regulation also noted the abnormally low price of the Company’s common stock in pre-market trading on The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the U.S. Securities and Exchange Commission to delist the issue is pending the completion of applicable procedures, including any appeal by the Company of the NYSE Regulation staff decision. The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable. Company contacts:
See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting |