News Releases

 
NYSE to Suspend LandAmerica Financial Group Inc. and Moves to Remove from the List


NEW YORK, November 26, 2008 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of LandAmerica Financial Group, Inc. (the “Company”) – ticker symbol  LFG – should be suspended immediately.

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 Richmond, Virginia.

NYSE Regulation also noted the abnormally low price of the Company’s common stock in pre-market trading on November 26, 2008, with trades as low as $0.17 prior to the regulatory trading halt in the Company’s common stock at the NYSE market open.

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:
G. William Evans
804.267.8114

Lloyd Osgood
804.267.8133

 



See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting

Contact: Scott Peterson
Phone: 212.656.4089
Email:  speterson@nyx.com