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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

GEORGIA GULF CORPORATION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
373200203
(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)

     þ 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).

 
 


 

                     
CUSIP No.
 
373200203 
  Page  
  of   
11 

 

           
1   NAMES OF REPORTING PERSONS
Highland Capital Management, L.P.

I.R.S. Identification Nos. of above persons (entities only).
75-2716725
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   2,213,550
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   58,167
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   2,213,550
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    58,167
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,271,717
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  6.6%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN/IA


 

                     
CUSIP No.
 
373200203 
  Page  
  of   
11 

 

           
1   NAMES OF REPORTING PERSONS
Strand Advisors, Inc.

I.R.S. Identification Nos. of above persons (entities only).
95-4440863
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   2,213,550
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   58,167
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   2,213,550
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    58,167
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,271,717
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  6.6%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO/HC


 

                     
CUSIP No.
 
373200203 
  Page  
  of   
11 

 

           
1   NAMES OF REPORTING PERSONS
James Dondero

I.R.S. Identification Nos. of above persons (entities only).
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   2,213,550
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   58,167
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   2,213,550
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    58,167
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,271,717
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  6.6%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN/HC


 

                     
CUSIP No.
 
373200203 
  Page  
  of   
11 

 

           
1   NAMES OF REPORTING PERSONS
Highland Equity Opportunities Fund (1)

I.R.S. Identification Nos. of above persons (entities only).
20-4570552
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   26,531
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    26,531
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  26,531
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.1%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO
(1) The Reporting Person may be deemed to be the beneficial owners of the shares of the Issuer ’s Common Stock beneficially owned by the other Reporting Persons. However, with respect to the matters described herein, no other Reporting Person may bind, obligate or take any action, directly or indirectly, on behalf of Highland Equity Opportunities Fund. The Reporting Person expressly disclaims membership in a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act.


 

                     
CUSIP No.
 
373200203 
  Page  
  of   
11 

 

           
1   NAMES OF REPORTING PERSONS
Highland Multi-Strategy Onshore Master SubFund, L.L.C.

I.R.S. Identification Nos. of above persons (entities only).
20-5237152
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   31,636
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    31,636
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  31,636
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.1%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN


 

                     
CUSIP No.
 
373200203 
  Page  
  of   
11 

 

           
1   NAMES OF REPORTING PERSONS
Highland Multi-Strategy Master Fund, L.P.

I.R.S. Identification Nos. of above persons (entities only).
20-5237085
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Bermuda
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   31,636
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    31,636
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  31,636
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.1%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO


 

          This Amendment No. 1 to Schedule 13G is jointly filed by and on behalf of each reporting person to amend and/or supplement the Schedule 13G relating to shares of Common Stock of the Issuer filed by such reporting person with the Securities and Exchange Commission on September 17, 2007 (the “Schedule 13G”). Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Schedule 13G. Except as otherwise provided herein, all Items of the Schedule 13G remain unchanged.
Item 1(a) Name of Issuer:
          Georgia Gulf Corporation (the “Issuer”).
Item 1(b) Address of Issuers Principal Executive Offices:
          115 Perimeter Center Place, Suite 460, Atlanta, GA 30346.
Item 2(a) Name of Persons Filing:
          This statement is filed by and on behalf of: (i) Highland Equity Opportunities Fund (“Equity Fund”); (ii) Highland Multi-Strategy Onshore Master SubFund, L.L.C. (“Multi-Strategy SubFund”); (iii) Highland Multi-Strategy Master Fund, L.P. (“Multi-Strategy Master Fund”); (iv) Highland Capital Management, L.P. (“Highland Capital”); (v) Strand Advisors, Inc. (“Strand”); and (vi) James D. Dondero (“Dondero”).
          Highland Capital principally serves as an investment adviser and/or manager to other persons, including Equity Fund and Multi-Strategy SubFund; Highland Capital may be deemed to beneficially own shares owned and/or held by and/or for the account of and/or benefit of other persons, including Equity Fund and Multi-Strategy SubFund. Strand serves as the general partner of Highland Capital; Strand may be deemed to beneficially own shares owned and/or held by and/or for the account of and/or benefit of Highland Capital. Dondero is the President and a director of Strand; Dondero may be deemed to beneficially own shares owned and/or held by and/or for the account of and/or benefit of Strand. Multi-Strategy Master Fund serves as the managing member of Multi-Strategy SubFund; Multi-Strategy Master Fund may be deemed to beneficially own shares owned and/or held by and/or for the account of and/or benefit of Multi-Strategy SubFund.
          Each of the reporting persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.
          Each of the reporting persons may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each of the reporting persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer.
Item 2(b) Address of Principal Business Office or, if non Residence:
          The address of the principal business office of each of the reporting persons is Two Galleria Tower, 13455 Noel Road, Suite 800, Dallas, Texas 75240.
Item 2(c) Citizenship:
          See Item 4 of each cover page for the respective reporting persons.

Page 8 of 11


 

Item 2(d) Title of Class of Securities:
          Common Stock, par value $0.01 per share.
Item 2(e) CUSIP Number:
          373200203.
Item 3 Status of Persons Filing.
          Not applicable.
Item 4 Ownership.
  (a)   Amount Beneficially Owned:
 
      See Item 9 of each cover page for the respective reporting persons.
 
  (b)   Percent of Class:
 
      See Item 11 of each cover page for the respective reporting persons.
 
  (c)   Number of shares as to which the person has:
  (i)   Sole power to vote or to direct the vote:
 
      See Item 5 of each cover page for the respective reporting persons.
 
  (ii)   Shared power to vote or to direct the vote:
 
      See Item 6 of each cover page for the respective reporting persons.
 
  (iii)   Sole power to dispose or to direct the disposition of:
 
      See Item 7 of each cover page for the respective reporting persons.
 
  (iv)   Shared power to dispose or to direct the disposition of:
 
      See Item 8 of each cover page for the respective reporting persons.
Item 5 Ownership of 5% or Less of a Class.
          Not applicable.
Item 6 Ownership of More than 5% on Behalf of Another Person.
          Highland Capital serves as an investment adviser and/or manager to other persons, including Equity Fund and Multi-Strategy SubFund; Highland Capital may be deemed to beneficially own shares owned and/or held by and/or for the account and/or benefit of other person, including Equity Fund and Multi-Strategy SubFund. Equity Fund and Multi-Strategy SubFund may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares owned and/or held by and/or for the account and/or benefit of other reporting persons.
Item 7   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
          Not applicable.

Page 9 of 11


 

Item 8 Identification and Classification of Members of the Group.
          Not applicable.
Item 9 Notice of Dissolution of Group.
          Not applicable.
Item 10 Certifications.
          By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were 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.

Page 10 of 11


 

SIGNATURES
          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: February 14, 2008
             
 
  Highland Multi-Strategy Onshore Master SubFund, L.L.C.    
 
           
 
  By:   Highland Multi-Strategy Master Fund, L.P., its managing member    
 
  By:   Highland Multi-Strategy Fund GP, L.P., its general partner    
 
  By:   Highland Multi-Strategy Fund GP, L.L.C., its general partner    
 
  By:   Highland Capital Management, L.P., its sole member    
 
  By:   Strand Advisors, Inc., its general partner    
 
           
 
  By:   /s/ James D. Dondero    
 
           
 
      James D. Dondero, President    
 
           
 
  Highland Multi-Strategy Master Fund, L.P.    
 
           
 
  By:   Highland Multi-Strategy Fund GP, L.P., its general partner    
 
  By:   Highland Multi-Strategy Fund GP, L.L.C., its general partner    
 
  By:   Highland Capital Management, L.P., its sole member    
 
  By:   Strand Advisors, Inc., its general partner    
 
           
 
  By:   /s/ James D. Dondero    
 
           
 
      James D. Dondero, President    
 
           
 
  Highland Equity Opportunities Fund    
 
           
 
  By:   Highland Fund I, its management investment company    
 
           
 
  By:   /s/ James D. Dondero    
 
           
 
      James D. Dondero, President    
 
           
 
  Highland Capital Management, L.P.    
 
  By:   Strand Advisors, Inc., its general partner    
 
           
 
  By:   /s/ James D. Dondero    
 
           
 
      James D. Dondero, President    
 
           
 
  Strand Advisors, Inc.    
 
           
 
  By:   /s/ James D. Dondero    
 
           
 
      James D. Dondero, President    
 
           
 
  James D. Dondero    
 
           
 
      /s/ James D. Dondero    
 
           

Page 11 of 11