UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No.1)*
LANDAMERICA FINANCIAL GROUP, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
514936103
--------------------
(CUSIP Number)
December 1, 2008
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/ X / Rule 13d-1(c)
/ / Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of the section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13G/A
CUSIP NO. 514936103
1) NAME OF REPORTING PERSON
Quaker Capital Management Corporation
-------------------------------------
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON 25-1495646
-----------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION Commonwealth of
Pennsylvania
-------------
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER 0
---------
6) SHARED VOTING POWER 0
---------
7) SOLE DISPOSITIVE POWER 0
---------
8) SHARED DISPOSITIVE POWER 0
---------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 0
---------
10) CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
11) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0%
------
12) TYPE OF REPORTING PERSON IA
------
Page 2 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
1) NAME OF REPORTING PERSON
Quaker Capital Partners I, L.P.
-------------------------------------
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON 25-1778076
-----------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
-------------
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER 0
---------
6) SHARED VOTING POWER 0
---------
7) SOLE DISPOSITIVE POWER 0
---------
8) SHARED DISPOSITIVE POWER 0
---------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 0
---------
10) CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
11) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0%
------
12) TYPE OF REPORTING PERSON PN
------
Page 3 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
1) NAME OF REPORTING PERSON
Quaker Premier, L.P.
-------------------------------------
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON 25-1778068
-----------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
-------------
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER 0
---------
6) SHARED VOTING POWER 0
---------
7) SOLE DISPOSITIVE POWER 0
---------
8) SHARED DISPOSITIVE POWER 0
---------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 0
---------
10) CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
11) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0%
------
12) TYPE OF REPORTING PERSON PN
------
Page 4 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
1) NAME OF REPORTING PERSON
Quaker Capital Partners II, L.P.
-------------------------------------
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON 11-3667966
-----------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
-------------
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER 0
---------
6) SHARED VOTING POWER 0
---------
7) SOLE DISPOSITIVE POWER 0
---------
8) SHARED DISPOSITIVE POWER 0
---------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 0
---------
10) CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
11) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0%
------
12) TYPE OF REPORTING PERSON PN
------
Page 5 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
1) NAME OF REPORTING PERSON
Quaker Premier II, L.P.
-------------------------------------
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON 30-0135937
-----------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
-------------
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER 0
---------
6) SHARED VOTING POWER 0
---------
7) SOLE DISPOSITIVE POWER 0
---------
8) SHARED DISPOSITIVE POWER 0
---------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 0
---------
10) CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
11) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0%
------
12) TYPE OF REPORTING PERSON PN
------
Page 6 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
1) NAME OF REPORTING PERSON
Mark G. Schoeppner
-------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION United States
of America
-------------
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER 0
---------
6) SHARED VOTING POWER 0
---------
7) SOLE DISPOSITIVE POWER 0
---------
8) SHARED DISPOSITIVE POWER 0
---------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 0
---------
10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
11) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0%
------
14) TYPE OF REPORTING PERSON IN
------
Page 7 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
Item 1.
(a) Name of Issuer
LANDAMERICA FINANCIAL GROUP, INC.
------------------------------------------------------
(b) Address of Issuer's Principal Executive Offices
5600 Cox Road, Glen Allen, Virginia 23060
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Item 2.
(a) Names of Persons Filing
Quaker Capital Management Corporation
Quaker Capital Partners I, L.P.
Quaker Capital Partners II, L.P.
Quaker Premier, L.P.
Quaker Premier II, L.P.
Mark G. Schoeppner
------------------------------------------------------
(b) Address of Principal Business Office or, if none,
Residence
601 Technology Drive, Suite 310, Canonsburg,
Pennsylvania 15317
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(c) Citizenship
Quaker Capital Management Corporation - Pennsylvania
Corporation
Quaker Capital Partners I, L.P. - Delaware partnership
Quaker Capital Partners II, L.P.- Delaware partnership
Quaker Premier, L.P. - Delaware partnership
Quaker Premier II, L.P. - Delaware partnership
Mark G. Schoeppner - United States citizen
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(d) Title of Class of Securities
Common Stock
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Page 8 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
(e) CUSIP Number
514936103
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Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) / / Broker of dealer registered under section 15 of
the Act;
(b) / / Bank as defined in section 3(a)(6) of the Act;
(c) / / Insurance company as defined in section 3(a)(19)
of the Act;
(d) / / Investment company registered under section 8 of
the Investment Company Act of 1940;
(e) / X / An investment adviser in accordance with
ss.240.13d-1(b)(l)(ii)(E);
(f) / / An employee benefit plan or endowment fund in
accordance with ss.240.13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person in
accordance with ss.240.13d-1(b)(1)(ii)(G);
(h) / / A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act;
(i) / / A church plan that is excluded from the definition
of an investment company under section 3(c)(14)of
the Investment Company Act of 1940;
(j) / / Group, in accordance with ss.240.13d-1((b)(l)(ii)(J)
Item 4. Ownership
---------
QUAKER CAPITAL MANAGEMENT CORPORATION:
(a) Amount Beneficially Owned: 0
(b) Percent of Class: 0%
(c)
(i) Sole power to vote or direct the vote: 0
Page 9 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 0
QUAKER CAPITAL PARTNERS I, L.P.:
(a) Amount Beneficially Owned: 0
(b) Percent of Class: 0%
(c)
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 0
QUAKER PREMIER, L.P.:
(a) Amount Beneficially Owned: 0
(b) Percent of Class: 0%
(c)
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 0
QUAKER CAPITAL PARTNERS II, L.P.:
(a) Amount Beneficially Owned: 0
(b) Percent of Class: 0%
Page 10 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
(c)
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 0
QUAKER PREMIER II, L.P.:
(a) Amount Beneficially Owned: 0
(b) Percent of Class: 0%
(c)
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 0
MARK G. SCHOEPPNER:
(a) Amount Beneficially Owned: 0
(b) Percent of Class: 0.0%
(c)
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 0
Page 11 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the
date hereof, the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following: X
----------
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired not acquired and are not
held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Page 12 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
December 4, 2008 QUAKER CAPITAL MANAGEMENT CORPORATION
/s/ Mark G. Schoeppner
--------------------------------------
Mark G. Schoeppner, President
QUAKER CAPITAL PARTNERS I, L.P.
By: Quaker Premier, L.P., its general
partner
By: Quaker Capital Management
Corporation, its general
partner
By: /s/ Mark G. Schoeppner
--------------------------
Mark G. Schoeppner
President
QUAKER PREMIER, L.P.
By: Quaker Capital Management
Corporation, its general
partner
By: /s/ Mark G. Schoeppner
--------------------------
Mark G. Schoeppner
President
QUAKER CAPITAL PARTNERS II, L.P.
By: Quaker Premier II, L.P., its
general partner
By: Quaker Capital Management
Corporation, its general
partner
By: /s/ Mark G. Schoeppner
--------------------------
Mark G. Schoeppner
President
Page 13 of 14 Pages
SCHEDULE 13G/A
CUSIP NO. 514936103
QUAKER PREMIER II, L.P.
By: Quaker Capital Management
Corporation, its general
partner
By: /s/ Mark G. Schoeppner
--------------------------
Mark G. Schoeppner
President
/s/ Mark G. Schoeppner
--------------------------------------
Mark G. Schoeppner
Page 14 of 14 Pages