Industry NewsMortgage

LandAmerica posts $600 million Q3 loss

Filing sheds light on planned Fidelity merger
Published on Nov 10, 2008

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by CareyBot

LandAmerica Financial Group Inc. lost $599.6 million during the third quarter and laid off nearly 1,000 employees, the company said in a regulatory filing that sheds light on the difficulties that led the company to announce last week that it had agreed to be acquired by a rival, Fidelity National Financial Inc.

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