SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                ----------------

                                 SCHEDULE 13G/A
                                ----------------

                                 Amendment No. 1

             INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                          L-1 Identity Solutions, Inc.
                                (NAME OF ISSUER)

                         Common Stock, $0.001 par value
                         (TITLE OF CLASS OF SECURITIES)

                                    50212A106
                                 (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:

                  [ ] Rule 13d-1(b)
                  [x] Rule 13d-1(c)
                  [ ] Rule 13d-1(d)

                               (Page 1 of 16 Pages)
------------------

*    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).





CUSIP No. 50212A106              13G/A                      Page 2 of 16 Pages


-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO.
          OF ABOVE PERSON
          Highway Partners, L.P.
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                    (a)  [x]
                                                                    (b)  [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
          Delaware
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                    85,200
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    85,200
-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          85,200
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES **                          [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          0.11%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON **
          PN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!




CUSIP No. 50212A106              13G/A                      Page 3 of 16 Pages


-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO.
          OF ABOVE PERSON
          Thruway Partners, L.P.
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                    (a)  [x]
                                                                    (b)  [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
          Delaware
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                    448,200
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    448,200
-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
          448,200
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES **                          [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
          0.60%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON **
          PN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP No. 50212A106              13G/A                      Page 4 of 16 Pages


-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO.
          OF ABOVE PERSON
          Roadway Partners, L.P.
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                    (a)  [x]
                                                                    (b)  [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
          Delaware
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                    612,100
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    612,100
-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          612,100
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES **                          [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          0.81%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON **
          PN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!




CUSIP No. 50212A106              13G/A                      Page 5 of 16 Pages


-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO.
          OF ABOVE PERSON
          Expressway Partners Master Fund, Ltd.
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                    (a)  [x]
                                                                    (b)  [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
          Cayman Islands
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                    1,357,474
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    1,357,474
-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          1,357,474
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES **                          [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          1.81%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON **
          CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!




CUSIP No. 50212A106              13G/A                      Page 6 of 16 Pages


-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO.
          OF ABOVE PERSON
          Freeway Partners Master Fund, Ltd.
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                    (a)  [x]
                                                                    (b)  [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
          Cayman Islands
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                    2,137,100
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    2,137,100
-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          2,137,100
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES **                          [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          2.85%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON **
          CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP No. 50212A106              13G/A                      Page 7 of 16 Pages


-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO.
          OF ABOVE PERSON
          Motorway Partners Master Fund, Ltd.
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                    (a)  [x]
                                                                    (b)  [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
          Cayman Islands
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                    97,157
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    97,157
-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          97,157
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES **                          [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          0.13%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON **
          CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!




CUSIP No. 50212A106              13G/A                      Page 8 of 16 Pages


-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO.
          OF ABOVE PERSON
          Principled Capital Management, L.L.C.
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                    (a)  [x]
                                                                    (b)  [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
          Delaware
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                    1,145,500
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    1,145,500
-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          1,145,500
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES **                          [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          1.53%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON **
          OO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP No. 50212A106              13G/A                      Page 9 of 16 Pages


-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO.
          OF ABOVE PERSON
          Principled Asset Administration, L.L.C.
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                    (a)  [x]
                                                                    (b)  [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
          Delaware
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                    4,737,231
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    4,737,231
-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          4,737,231
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES **                          [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          6.31%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON **
          OO, IA
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP No. 50212A106              13G/A                      Page 10 of 16 Pages


-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO.
          OF ABOVE PERSON
          Gerald C. Catenacci
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                    (a)  [x]
                                                                    (b)  [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
          Canada and United States
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                    4,737,231
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    4,737,231
-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          4,737,231
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES **                          [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          6.31%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON **
          IN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP No. 50212A106              13G/A                      Page 11 of 16 Pages

ITEM 1(a).  NAME OF ISSUER:

         The name of the issuer is L-1 Identity Solutions Inc. (the "Company").

ITEM 1(b).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
       177 Broad Street, 12th Floor, Stamford, CT 06901

ITEM 2(a).  NAME OF PERSON FILING:

         This statement is filed by:

         (i) Highway Partners, L.P. ("Highway"), a Delaware limited partnership,
with respect to the shares of Common Stock (defined in Item 2(d) below) directly
owned by it;

         (ii) Thruway Partners, L.P. ("Thruway"), a Delaware limited
partnership, with respect to the shares of Common Stock directly owned by it;

         (iii) Roadway Partners, L.P. ("Roadway"), a Delaware limited
partnership, with respect to the shares of Common Stock directly owned by it;

         (iv) Expressway Partners Master Fund, Ltd. ("Expressway"), a Cayman
Islands exempted company, with respect to the shares of Common Stock directly
owned by it;

         (v) Freeway Partners Master Fund, Ltd. ("Freeway"), a Cayman Islands
exempted company, with respect to the shares of Common Stock directly owned by
it;

         (vi) Motorway Partners Master Fund, Ltd. ("Motorway"), a Cayman Islands
exempted company, with respect to the shares of Common Stock directly owned by
it;

         (vii) Principled Capital Management, L.L.C. ("PCM"), a Delaware limited
liability company, which is the general partner of Highway, Thruway and Roadway,
with respect to the Common Stock directly owned by Highway, Thruway and Roadway;

         (viii) Principled Asset Administration, L.L.C. ("PAA"), a Delaware
limited liability company, which is the investment adviser to Highway, Thruway,
Roadway, Expressway, Freeway and Motorway, with respect to the Common Stock
directly owned by Highway, Thruway, Roadway, Expressway, Freeway and Motorway;
and

         (ix) Gerald C. Catenacci ("Mr. Catenacci"), the managing member of PCM
and PAA, with respect to the Common Stock directly owned by Highway, Thruway,
Roadway, Expressway, Freeway and Motorway.

         The foregoing persons are hereinafter sometimes collectively referred
to as the "Reporting Persons". Any disclosures herein with respect to persons
other than the Reporting Persons are made on information and belief after making
inquiry to the appropriate party.

ITEM 2(b). ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE:

         The address of the business office of Highway, Thruway, Roadway, PCM,
PAA and Mr. Catenacci is 666 Fifth Avenue, 37th Floor, New York, New York 10103.

         The address of the registered office of Expressway, Freeway and
Motorway is Walkers SPV Limited, Walker House, 87 Mary Street, George Town,
Grand Cayman, KY1-9002, Cayman Islands.

ITEM 2(c).  CITIZENSHIP:

         Highway, Thruway and Roadway are Delaware limited partnerships.
Expressway, Freeway and Motorway are Cayman Islands exempted companies. PCM and
PAA are Delaware limited liability companies. Mr. Catenacci has citizenship in
Canada and the United States.

ITEM 2(d).  TITLE OF CLASS OF SECURITIES:  Common Stock, $0.001 par value
            ("Common Stock")


CUSIP No. 50212A106              13G/A                      Page 12 of 16 Pages

ITEM 2(e).  CUSIP NUMBER:  50212A106

ITEM 3.     IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-
            2(b), CHECK WHETHER THE PERSON FILING IS A:

            (a)  [ ] Broker or 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

            (e)  [ ] Investment Adviser registered under Section 203 of the
                     Investment Advisers Act of 1940

            (f)  [ ] Employee Benefit Plan, Pension Fund which is subject to
                     the provisions of the Employee Retirement Income Security
                     Act of 1974 or Endowment Fund; see Rule 13d- 1(b)(1)(ii)(F)

            (g)  [ ] Parent Holding Company, in accordance with Rule 13d-
                     1(b)(ii)(G); see item 7

            (h)  ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(H)

IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(c) CHECK THIS BOX. [X]

ITEM 4.     OWNERSHIP.

A. Highway
       (a)   Amount beneficially owned: 85,200
       (b)   Percent of class: 0.11% The percentages used herein and in the
             rest of Item 4 are calculated based the 75,089,397 shares of
             Common Stock issued and outstanding as of November 1, 2007 as
             reflected in the issuer's Form 10-Q filed November 5, 2007.
       (c)   (i) Sole Power to vote or direct the vote: -0-
             (ii) Shared power to vote or direct the vote: 85,200
             (iii) Sole power to dispose or direct the disposition: -0-
             (iv) Shared power to dispose or direct the disposition: 85,200

B. Thruway
       (a)   Amount beneficially owned: 448,200
       (b)   Percent of class: 0.60%
       (c)   (i)   Sole Power to vote or direct the vote: -0-
             (ii) Shared power to vote or direct the vote: 448,200
             (iii) Sole power to dispose or direct the disposition: -0-
             (iv)  Shared power to dispose or direct the disposition: 448,200

C. Roadway
       (a)   Amount beneficially owned: 612,100
       (b)   Percent of class: 0.81%
       (c)   (i) Sole Power to vote or direct the vote: -0-
             (ii) Shared power to vote or direct the vote: 612,100
             (iii) Sole power to dispose or direct the disposition: -0-
             (iv) Shared power to dispose or direct the disposition: 612,100

CUSIP No. 50212A106              13G/A                      Page 13 of 16 Pages

D. Expressway
       (a)   Amount beneficially owned: 1,357,474
       (b)   Percent of class: 1.81%
       (c)   (i) Sole Power to vote or direct the vote: -0-
             (ii) Shared power to vote or direct the vote: 1,357,474
             (iii) Sole power to dispose or direct the disposition: -0-
             (iv)  Shared power to dispose or direct the disposition: 1,357,474

E. Freeway
       (a)   Amount beneficially owned: 2,137,100
       (b)   Percent of class: 2.85%
       (c)   (i) Sole Power to vote or direct the vote: -0-
             (ii) Shared power to vote or direct the vote: 2,137,100
             (iii) Sole power to dispose or direct the disposition: -0-
             (iv)  Shared power to dispose or direct the disposition: 2,137,100

F. Motorway
       (a)   Amount beneficially owned: 97,157
       (b)   Percent of class: 0.13%
       (c)   (i) Sole Power to vote or direct the vote: -0-
             (ii) Shared power to vote or direct the vote: 97,157
             (iii) Sole power to dispose or direct the disposition: -0-
             (iv) Shared power to dispose or direct the disposition: 97,157

G. PCM*
       (a)   Amount beneficially owned: 1,145,500
       (b)   Percent of class: 1.53%
       (c)   (i) Sole Power to vote or direct the vote: -0-
             (ii) Shared power to vote or direct the vote: 1,145,500
             (iii) Sole power to dispose or direct the disposition: -0-
             (iv) Shared power to dispose or direct the disposition: 1,145,500

H. PAA**
       (a)   Amount beneficially owned: 4,737,231
       (b)   Percent of class: 6.31%
       (c)   (i) Sole Power to vote or direct the vote: -0-
             (ii) Shared power to vote or direct the vote: 4,737,231
             (iii) Sole power to dispose or direct the disposition: -0-
             (iv) Shared power to dispose or direct the disposition: 4,737,231

I. Mr. Catenacci***
       (a)   Amount beneficially owned: 4,737,231
       (b)   Percent of class: 6.31%
       (c)   (i) Sole Power to vote or direct the vote: -0-
             (ii) Shared power to vote or direct the vote: 4,737,231
             (iii) Sole power to dispose or direct the disposition: -0-
             (iv) Shared power to dispose or direct the disposition: 4,737,231

* PCM, as the general partner of Highway, Thruway and Roadway, may be deemed to
be the beneficial owner of the Common Stock directly owned by Highway, Thruway
and Roadway. PCM disclaims beneficial ownership of the Common Stock reported
herein.

** PAA, as the investment adviser of Highway, Thruway, Roadway, Expressway,
Freeway and Motorway, may be deemed to be the beneficial owner of the Common
Stock directly owned by Highway, Thruway, Roadway, Expressway, Freeway and
Motorway. PAA disclaims beneficial ownership of the Common Stock reported
herein.

*** Mr. Catenacci, as the managing member of PCM and PAA with investment power
and voting power, may be deemed to be the beneficial owner of the Common Stock
directly owned by Highway, Thruway, Roadway, Expressway, Freeway and Motorway.
Mr. Catenacci disclaims beneficial ownership of the Common Stock reported
herein.


CUSIP No. 50212A106              13G/A                      Page 14 of 16 Pages

ITEM 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
          Not applicable.

ITEM 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
            PCM, as the general partner of Highway, Thruway and Roadway may
be deemed to be the beneficial owner of the Common Stock directly owned by
Highway, Thruway and Roadway. PCM disclaims beneficial ownership of the Common
Stock reported herein.

            PAA, as the investment adviser of Highway, Thruway, Roadway,
Expressway, Freeway and Motorway may be deemed to be the beneficial owner of the
Common Stock directly owned by Highway, Thruway, Roadway, Expressway, Freeway
and Motorway. PAA disclaims beneficial ownership of the Common Stock reported
herein.

            Mr. Catenacci, as the managing member of PCM and PAA with investment
power and voting power, may be deemed to be the beneficial owner of the Common
Stock directly owned by Highway, Thruway, Roadway, Expressway, Freeway and
Motorway. Mr. Catenacci disclaims beneficial ownership of the Common Stock
reported herein.

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.
          See item 2.

ITEM 9.   NOTICE OF DISSOLUTION OF GROUP.
          Not applicable.

ITEM 10.  CERTIFICATION.  (if filing pursuant to Rule 13d-1(b))

          By signing below the undersigned certify, to the best of their
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business, were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in any
transaction having such purposes or effect.


                                   SIGNATURES

          After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.

DATED: as of February 14, 2008

                                   HIGHWAY PARTNERS, L.P.
                                   BY:   PRINCIPLED ASSET ADMINISTRATION, L.L.C.
                                         INVESTMENT ADVISER
                                   BY:   /s/ GERALD C. CATENACCI
                                         -----------------------
                                         Gerald C. Catenacci
                                         Managing Member



CUSIP No. 50212A106              13G/A                      Page 15 of 16 Pages


                                  THRUWAY PARTNERS, L.P.
                                  BY:    PRINCIPLED ASSET ADMINISTRATION, L.L.C.
                                         INVESTMENT ADVISER
                                  BY:    /s/ GERALD C. CATENACCI
                                         -----------------------
                                         Gerald C. Catenacci
                                         Managing Member

                                  ROADWAY PARTNERS, L.P.
                                  BY:    PRINCIPLED ASSET ADMINISTRATION, L.L.C.
                                         INVESTMENT ADVISER
                                  BY:    /s/ GERALD C. CATENACCI
                                         -----------------------
                                         Gerald C. Catenacci
                                         Managing Member

                                  EXPRESSWAY PARTNERS MASTER FUND, LTD.
                                  BY:    PRINCIPLED ASSET ADMINISTRATION, L.L.C.
                                         INVESTMENT ADVISER
                                  BY:    /s/ GERALD C. CATENACCI
                                         ---------------------
                                         Gerald C. Catenacci
                                         Managing Member

                                  FREEWAY PARTNERS MASTER FUND, LTD.
                                  BY:    PRINCIPLED ASSET ADMINISTRATION, L.L.C.
                                         INVESTMENT ADVISER
                                  BY:    /s/ GERALD C. CATENACCI
                                         -----------------------
                                         Gerald C. Catenacci
                                         Managing Member

                                  MOTORWAY PARTNERS MASTER FUND, LTD.
                                  BY:    PRINCIPLED ASSET ADMINISTRATION, L.L.C.
                                         INVESTMENT ADVISER
                                  BY:    /s/ GERALD C. CATENACCI
                                         -----------------------
                                         Gerald C. Catenacci
                                         Managing Member

                                  PRINCIPLED CAPITAL MANAGEMENT, L.L.C.
                                  BY:    /s/ GERALD C. CATENACCI
                                         -----------------------
                                         Gerald C. Catenacci
                                         Managing Member



CUSIP No. 50212A106              13G/A                      Page 16 of 16 Pages


                                  PRINCIPLED ASSET ADMINISTRATION, L.L.C.
                                  BY:    /s/ GERALD C. CATENACCI
                                         -----------------------
                                         Gerald C. Catenacci
                                         Managing Member


                                  GERALD C. CATENACCI, INDIVIDUALLY
                                  BY:    /s/ GERALD C. CATENACCI
                                         -----------------------
                                         Gerald C. Catenacci