According to a press release a law firm is currently investigating on behalf of LandAmerica Financial Group Inc. Investors (NYSE: LFG ) possible breaches of fiduciary duty and other violations of state law by the Board of Directors of LandAmerica Financial Group, Inc.

According to the press release the investigation on behalf of LandAmerica Financial Group Inc. Investors (NYSE: LFG ) focuses on possible breaches of fiduciary duty and other violations of state law by the Board of Directors of LandAmerica Financial Group, Inc. (LandAmerica) arising out of their attempt to sell the LandAmerica to Fidelity National Financial Inc. Under the terms of the agreement, LandAmerica shareholders will receive 0.993 shares of Fidelity National stock for each share of LandAmerica they own. Based on the November 6, 2008 closing price of Fidelity National stock, the value LandAmerica shareholders are to receive is approximately $8.29 per share, placing the value of the deal at approximately $128.4 million.

According to the investigation the price is unfair, given LandAmericas share price closed as high as $24.52 as recently as October 1, 2008 and the Company has a book value of over $71 per share. The proposed acquisition is subject to customary conditions and regulatory approvals.