I am getting the same error when trying to rebuild PHP. I stopped litespeed to install some new php modules and when I go to rebuild php it gives me the following error:
copy compiled php binary to litespeed directory
cp: cannot stat `/home/cpeasyapache/ls.src/php-5.2.6/sapi/litespeed/php': No such file or directory
**ERROR** fail to copy lsphp from /home/cpeasyapache/ls.src/php-5.2.6/sapi/litespeed/php
The directory does exist though.