UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*
 

 
LandAmerica Financial Group, Inc.
(Name of Issuer)
 
Common Stock, No Par Value
(Title of Class of Securities)
 
514936103
(CUSIP Number)
 
December 31, 2007
(Date of Event which Requires Filing of this Statement)
 
      Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
  o Rule 13d-1(b)
  x Rule 13d-1(c)
  o 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 that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
 
 
Page 1 of 10
 
 
 CUSIP No. 514936103
 13G
 
 
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Old Lane Hedge Fund GP, LLC
56-2554705
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)
(b)
 
 
o
x
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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0
  
12
TYPE OF REPORTING PERSON*
 
OO
  
 
Page 2 of 10
 
 CUSIP No. 514936103
 13G
 
 
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Old Lane Partners, LP
86-1153485
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)
(b)
 
 
o
x
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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0
  
12
TYPE OF REPORTING PERSON*
 
PN
  
 
Page 3 of 10
 
 CUSIP No. 514936103
 13G
 
 
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Old Lane, LP
33-1117275
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)
(b)
 
 
o
x
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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0
  
12
TYPE OF REPORTING PERSON*
 
PN
  
 
Page 4 of 10
 
 CUSIP No. 514936103
 13G
 
 
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Old Lane Partners GP, LLC
86-1153482
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)
(b)
 
 
o
x
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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0
  
12
TYPE OF REPORTING PERSON*
 
CO
  
 
Page 5 of 10
 
 CUSIP No. 514936103
 13G
 
 
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Old Lane Holdings, LP
86-1153481
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)
(b)
 
 
o
x
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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0
  
12
TYPE OF REPORTING PERSON*
 
PN
  
 
Page 6 of 10
 
 CUSIP No. 514936103
 13G
 
 
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Old Lane Holdings GP, LLC
56-2584526
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)
(b)
 
 
o
x
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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0
  
12
TYPE OF REPORTING PERSON*
 
OO
  
 
Page 7 of 10
 
This amendment No. 1 (this “Amendment”) to that certain Schedule 13G (the “Schedule 13G”) filed on June 15, 2007 by the Reporting Persons (as defined below) relates to shares of common stock, no par value (“Common Stock”), of LandAmerica Financial Group, Inc., a Virginia corporation (the “Issuer”), and is being filed on behalf of (i) Old Lane Hedge Fund GP, LLC, a Delaware limited liability company, (ii) Old Lane Partners, LP, a Delaware limited partnership, (iii) Old Lane, LP, a Delaware limited partnership, (iv) Old Lane Partners GP, LLC, a Delaware limited liability company, (v) Old Lane Holdings, LP, a Delaware limited partnership, and (vi) Old Lane Holdings GP, LLC, a Delaware limited liability company (the persons mentioned in (i), (ii) (iii), (iv), (v) and (vi) are referred to as the “Reporting Persons”).

This Amendment is being filed to report that the Reporting Persons no longer beneficially own any of the Issuer’s Common Stock, and amends and restates Items 4 and 5 of the Schedule 13G as follows: x

Item 4.      Ownership.
 
As of December 31, 2007, the Reporting Persons own 0 shares of Common Stock.
 
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.
 
Page 8 of 10
 
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.
 
 
Date:    January 24, 2008
    
       
OLD LANE HEDGE FUND GP, LLC    
       
By:
/s/ Jonathan Barton
    
 
Name: Jonathan Barton
    
 
Title: Managing Director
    
       
       
OLD LANE PARTNERS, LP    
       
By:
Old Lane Partners GP, LLC, its general partner
    
       
By:
/s/ Jonathan Barton
    
 
Name: Jonathan Barton
    
 
Title: Managing Director
    
       
       
OLD LANE, LP    
       
By:
/s/ Jonathan Barton
    
 
Name: Jonathan Barton
    
 
Title: Managing Director
    
       
       
OLD LANE PARTNERS GP, LLC    
       
By:
/s/ Jonathan Barton
    
 
Name: Jonathan Barton
    
 
Title: Managing Director
    
       
     
OLD LANE HOLDINGS, LP    
       
By:
Old Lane Holdings, GP, LLC, its general partner
    
       
By:
/s/ Jonathan Barton
    
 
Name: Jonathan Barton
    
 
Title: Managing Director
    
       
       
OLD LANE HOLDINGS GP, LLC    
       
By:
/s/ John Havens
    
 
Name: John Havens
    
 
Title: Managing Director
    
 
Page 9 of 10
 
EXHIBIT INDEX

Exhibit 1
Joint Filing Agreement dated June 14, 2007 among the Reporting Persons, incorporated by reference herein as Exhibit 1 to Amendment No. 1 to Schedule 13G.

 
 
Page 10 of 10