TCR_Public/100529.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Saturday, May 29, 2010, Vol. 14, No. 147

                            Headlines

ACCREDITED HOME: Ends April 2010 With $11,864,892 Cash
BLACK GAMING: Posts $510,389 Net Loss in March
CHEMTURA CORP: Reports $11,000,000 Net Loss for April
CIRCUIT CITY: Has $441,666,000 Cash at End of March
CMR MORTGAGE: Posts $716,929 Net Loss in March

CMR MORTGAGE: Posts $577,365 Net Loss in April
COLONIAL BANCGROUP: Reports Cash Loss of $898,084 in April
ESCADA AG: EUSA Has $11,877,993 Cash at End of March
FREMONT GENERAL: Posts $2.4 Million Net Loss in April
GENERAL GROWTH: Reports $72,695,000 Net Loss for March

GOTTSCHALKS INC: Posts $1,381,000 Net Loss From April 4 to May 1
GREEKTOWN HOLDINGS: Reports $1,657,292 Net Loss for March
GUARANTY FINANCIAL: Reports $286,310 Net Income in April
LEHMAN BROTHERS: Cash Grows $719 Million in April, to $17.38B
MAGIC BRANDS: Files Initial Monthly Operating Report

MESA AIR: Posts $1.6 Million Net Loss in April
MESA AIR: Reports $1.6 Million Net Loss in April
MIDWAY GAMES: Posts $555,429 Net Loss in January
MIDWAY GAMES: Posts $333,182 Net Loss in February
NEXTMEDIA GROUP: Ends February With $8.2 Million Cash

NEXTMEDIA GROUP: Ends March 2010 With $7.1 Million Cash
PFF BANCORP: Posts $109,477 Net Loss in April
PRECISION PARTS: Posts $3,494 Net Loss in February
REFCO INC: Refco LLC Has $6,140,000 Cash at End of February
SHARPER IMAGE: Ends March 2010 With $4,214,994 Cash

SHARPER IMAGE: Ends April 2010 With $4,020,504 Cash
SMURFIT-STONE: Reports $21,684,000 Net Loss for March
STATION CASINOS: Reports $5,693,000 Net Loss for February
TAYLOR-WHARTON: Reports $1.47 Million April Operating Loss
TOUSA INC: Reports $10,745,227 Net Loss for April

TRIBUNE CO: Has $34,194,000 Net Income for Month Ended March 28
TRONOX INC: Reports $4,600,000 Net Income for April
TRUMP ENTERTAINMENT: Posts $4.4 Million Net Loss in April
WHITEHALL JEWELERS: Posts $494,000 Net Loss From Jan. 3 - Jan. 30



                            *********





ACCREDITED HOME: Ends April 2010 With $11,864,892 Cash
------------------------------------------------------
Accredited Home Lenders Holding Co. filed with the U.S. Bankruptcy
Court for the District of Delaware on May 21, 2010, its monthly
operating report for the filing period ended April 30, 2010.

At April 30, 2010, the Debtors' condensed combined balance
sheet showed $232,313,894 in total assets and $373,396,154 in
total liabilities, for a stockholders' deficit of $141,082,260.

The Debtors ended the period with cash of $11,864,892:

     Beginning Cash           $13,323,769
     Total Cash Receipts          $33,017
     Total Cash Disbursements  $1,491,894
     Net Cash Flow            ($1,458,877)
     Ending Cash              $11,864,892

AHL disbursements for April include $1,294,523 for post-
petition professional fees.

A copy of the Debtors' monthly operating report for April 2010 is
available for free at:

       http://bankrupt.com/misc/accreditedhome.aprilmor.pdf

Accredited Home Lenders Holding Co. -- http://www.accredhome.com/
-- is a mortgage banker servicing U.S. markets for conforming and
non-prime residential mortgage loans operating throughout the U.S.
and in Canada.  Founded in 1990, the company is headquartered in
San Diego.  The Company was acquired by Lone Star Funds for
$300 million in October 2007.  Lone Star also owns Bruno's
Supermarkets LLC and Bi-Lo LLC, two grocery retailers in Chapter
11.

Accredited Home and its affiliates filed for Chapter 11 on May 1,
2009 (Bankr. D. Del. Lead Case No. 09-11516).  Gregory G. Hesse,
Esq., Lynnette R. Warman, Esq., and Jesse T. Moore, Esq., at
Hunton & William LLP, represent the Debtors as counsel.  Laura
Davis Jones, Esq., James E. O'Neill, Esq., and Timothy P. Cairns,
Esq., at Pachulski Stang Ziehl & Jones LLP, serve as Delaware
counsel.  Kurtzman Carson Consultants is the Debtors' claims
agent.  Andrew I Silfen, Esq., Schuyler G. Carroll, Esq., Robert
M. Hirsch, Esq., at Arent Fox LLP in New York, and Jeffrey N.
Rothleder, Esq., at Arent Fox LLP in Washington, DC, represent the
official committee of unsecured creditors as co-counsel.  Neil R.
Lapinski, Esq., and Shelley A. Kinsella, Esq., at Elliott
Greenleaf, represent the Committee as Delaware and conflicts
counsel.

According to its bankruptcy petition, Accredited Home's assets
range from $10 million to $50 million and its debts from
$100 million to $500 million.


BLACK GAMING: Posts $510,389 Net Loss in March
----------------------------------------------
Black Gaming, LLC, filed with the U.S. Bankruptcy Court for the
District of Nevada on April 29, 2010, a monthly operating report
for March 2010.

The Debtor reported a net loss of $510,389 for the month ended
March 31, 2010.

At March 31, 2010, the Debtor's balance sheet showed $11,211,667
in assets, $20,585,702 of liabilities, and ($9,374,035) of owners
equity.  The Debtor ended March 2010 with $7,619,745 in cash,
compared to $3,201,110 at the beginning of the period.

A full-text copy of the March 2010 monthly operating report is
available for free at:

        http://bankrupt.com/misc/blackgaming.marchmor.pdf

Headquartered in Las Vegas, Nev., Black Gaming, LLC, is a holding
company and is an owner and operator of three gaming entertainment
properties located in Mesquite, Nevada.

The Company filed for Chapter 11 bankruptcy protection on March 1,
2010 (Bankr. D. Nev. Case No. 10-13301).  Gregory E. Garman, Esq.,
and Talitha B. Gray, Esq., at Gordon & Silver, Ltd., assist the
Company in its restructuring effort.  Kurtzman Carson Consultants
is the Company's claims and notice agent.  In its petition, the
Company listed $10,000,001 to $50,000,000 in assets and
$100,000,001 to $500,000,000 in liabilities.

The Company's affiliates -- B&BB, Inc.; R. Black, Inc.; Casablanca
Resorts, LLC; Casablanca Resorts, LLC; Oasis Interval Ownership,
LLC; Oasis Interval Management, LLC; Oasis Recreational
Properties, Inc.; RBG, LLC; and Virgin River Casino Corporation --
filed separate Chapter 11 petitions.


CHEMTURA CORP: Reports $11,000,000 Net Loss for April
-----------------------------------------------------
                  Chemtura Corporation, Et Al.
         Condensed Combined Balance Sheets (Unaudited)
                      As of April 30, 2010

                             Assets

Current Assets                                    $732,000,000
Intercompany receivables                           504,000,000
Investment in subsidiaries                       1,884,000,000
Property, plan and equipment                       393,000,000
Goodwill                                           149,000,000
Other assets                                       390,000,000
                                                 --------------
Total assets                                    $4,052,000,000
                                                 ==============

              Liabilities and Stockholders' Equity

Current liabilities                               $462,000,000
Intercompany payables                               40,000,000
Other long-term liabilities                         72,000,000
                                                 --------------
Total liabilities
not subject to compromise                          574,000,000

Liabilities subject to compromise                3,519,000,000

Total stockholders' equity(deficit)                (41,000,000)
                                                 --------------
Total liabilities and stockholders' equity      $4,052,000,000
                                                 ==============

                 Chemtura Corporation, et al.
     Condensed Combined Statement of Operations (Unaudited)
           For the Period from April 1 to 30, 2010

Net sales                                         $191,000,000

Cost of goods sold                                 165,000,000
Selling, general and
administrative expenses                             15,000,000
Depreciation and amortization                       12,000,000
Research and development                             2,000,000
Changes in estimates re expected claims              3,000,000
                                                 --------------
Operating profit (loss)                             (6,000,000)

Interest expense                                    (3,000,000)
Other income (expense)                                       -
Reorganization items, net                           (5,000,000)
Equity in net earnings (loss)                       10,000,000
   of subsidiaries
                                                 --------------
Income (loss) before income taxes                   (4,000,000)
Income tax benefit                                           -
                                                 --------------
Loss from continuing operations                     (4,000,000)
Loss on sale of discontinued operations, net        (7,000,000)
                                                 --------------
Net income (loss)                                 ($11,000,000)
                                                 ==============

                  Chemtura Corporation, et al.
      Condensed Combined Statement of Cash Flows (Unaudited)
              For the Period from April 30, 2010

Cash Flows from Operating Activities:
Net income (loss)                                 ($11,000,000)
Adjustments to reconcile
net loss to net cash used
in operating activities:
Loss on sale of discontinued operations              7,000,000
Depreciation and amortization                       12,000,000
Stock-based compensation expense                     1,000,000
Changes in estimates related to expected claims      3,000,000
Changes in assets and debts, net                   (39,000,000)
                                                 --------------
Net cash provided in operating activities          (27,000,000)
                                                 --------------

Cash flows from Investing Activities:
Net proceeds from divestments                       19,000,000
Capital expenditures                                (2,000,000)
                                                 --------------
Net case provided by investing activities            17,000,000

Cash Flows from Financing Activities:
Proceeds from credit facility, net                   1,000,000
                                                 --------------

Cash and Cash Equivalents:
Change in cash and cash equivalents                 (9,000,000)
                                                 --------------
Cash and cash equivalents, beginning of period      35,000,000
                                                 --------------
Cash and cash equivalents, end of period           $26,000,000
                                                 ==============

                      About Chemtura Corp.

Based in Middlebury, Connecticut, Chemtura Corporation (CEM) --
http://www.chemtura.com/-- with 2008 sales of $3.5 billion, is a
global manufacturer and marketer of specialty chemicals, crop
protection products, and pool, spa and home care products.

Chemtura Corporation and 26 of its U.S. affiliates filed voluntary
petitions for relief under Chapter 11 on March 18, 2009 (Bankr.
S.D.N.Y. Case No. 09-11233).  M. Natasha Labovitz, Esq., at
Kirkland & Ellis LLP, in New York, serves as bankruptcy counsel.
Wolfblock LLP serves as the Debtors' special counsel.  The
Debtors' auditors and accountant are KPMG LLP; their investment
bankers are Lazard Freres & Co.; their strategic communications
advisors are Joele Frank, Wilkinson Brimmer Katcher; their
business advisors are Alvarez & Marsal LLC and Ray Dombrowski
serves as their chief restructuring officer; and their claims and
noticing agent is Kurtzman Carson Consultants LLC.

As of December 31, 2008, the Debtors had total assets of
$3.06 billion and total debts of $1.02 billion.

Bankruptcy Creditors' Service, Inc., publishes Chemtura
Bankruptcy News.  The newsletter tracks the Chapter 11
proceedings undertaken by Chemtura Corp. and its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


CIRCUIT CITY: Has $441,666,000 Cash at End of March
---------------------------------------------------

               Circuit City Stores, Inc., et al.
                         Balance Sheet
                     As of March 31, 2010

                             ASSETS

Current Assets
Cash and cash equivalents                        $441,666,000
Restricted cash                                     5,645,000
Short-term investments                              1,140,000
Accounts receivable, net                          327,288,000
Income tax receivable                              58,120,000
Prepaid expenses and other current assets           3,997,000
Intercompany receivables and investments           85,134,000
   in subsidiaries
                                                --------------
Total Current Assets                               922,990,000

Property and Equipment                               6,871,000
Accumulated depreciation                            (3,436,000)
                                                --------------
Net Property and Equipment                          3,435,000

Other Assets                                        20,184,000
                                                --------------
TOTAL ASSETS                                      $946,609,000
                                                ==============

              LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
Merchandise payable                              $171,899,000
Expenses payable                                   21,703,000
Accrued expenses and other current                 27,711,000
   liabilities
Intercompany payables                                       0
                                                --------------
Total Current Liabilities                          221,313,000

Deferred income taxes                                7,084,000
Other Liabilities                                            0
                                                --------------
Liabilities Not Subject to Compromise              228,397,000

Liabilities Subject to Compromise                1,490,342,000
                                                --------------
Total Liabilities                                1,718,739,000

Stockholders' Equity
Common stock                                      435,612,000
Additional paid-in capital                        304,915,000
Retained deficit                               (1,502,889,000)
Accumulated other comprehensive income             (9,768,000)
                                                --------------
Total Stockholders' Equity                        (772,130,000)
                                                --------------
Total Liabilities & Shareholders' Deficit         $946,609,000
                                                ==============

               Circuit City Stores, Inc., et al.
                        Income Statement
              For the Month Ended March 31, 2010

Net sales                                                   $0
Cost of sales, buying and warehousing                        0
                                                --------------
Gross profit (loss)                                          0

Selling, general and administrative expenses        10,044,000
(net gain)
Asset impairment charges                                     0
                                                --------------
Operating income                                   (10,044,000)

Interest income                                              0
Interest expense                                             0
                                                --------------
Loss before reorganization items, GAAP             (10,044,000)
reversals and income taxes

Net loss from reorganization items                     255,000
Net gain from GAAP reversals                                 0
Income tax expense                                           0
                                                --------------
NET INCOME                                         ($9,789,000)
                                                ==============

                        About Circuit City

Headquartered in Richmond, Virginia, Circuit City Stores Inc.
(NYSE: CC) -- http://www.circuitcity.com/-- was a specialty
retailer of consumer electronics, home office products,
entertainment software and related services in the U.S. and
Canada.

Circuit City Stores together with 17 affiliates filed a voluntary
petition for reorganization relief under Chapter 11 of the
Bankruptcy Code on November 10 (Bankr. E.D. Va. Lead Case No. 08-
35653). InterTAN Canada, Ltd., which runs Circuit City's Canadian
operations, also sought protection under the Companies' Creditors
Arrangement Act in Canada.

Gregg M. Galardi, Esq., and Ian S. Fredericks, Esq., at Skadden,
Arps, Slate, Meagher & Flom, LLP, are the Debtors' general
restructuring counsel.  Dion W. Hayes, Esq., and Douglas M. Foley,
Esq., at McGuireWoods LLP, are the Debtors' local counsel.  The
Debtors also tapped Kirkland & Ellis LLP as special financing
counsel; Wilmer, Cutler, Pickering, Hale and Dorr, LLP, as special
securities counsel; and FTI Consulting, Inc., and Rotschild Inc.
as financial advisors.  The Debtors' Canadian general
restructuring counsel is Osler, Hoskin & Harcourt LLP.  Kurtzman
Carson Consultants LLC is the Debtors' claims and voting agent.
The Debtors disclosed total assets of $3,400,080,000 and debts of
$2,323,328,000 as of August 31, 2008.

Circuit City has opted to liquidate its 721 stores.  It has
obtained the Bankruptcy Court's approval to pursue going-out-of-
business sales, and sell its store leases.

In May 2009, Systemax Inc., a multi-channel retailer of computers,
electronics, and industrial products, acquired certain assets,
including the name Circuit City, from the Debtors through a Court-
approved auction.

Bankruptcy Creditors' Service, Inc., publishes Circuit City
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Circuit City Stores Inc. and its debtor-affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000).


CMR MORTGAGE: Posts $716,929 Net Loss in March
----------------------------------------------
CMR Mortgage Fund II, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of California on April 20, 2010, its
monthly operating report for the month ended March 31, 2010.

The Company reported a net loss of $716,929 on total revenues of
($19,252) for the month of March 2010.

At March 31, 2010, the Debtor had total assets of $63,330,325,
total liabilities of $37,450,737, and total equity of $25,879,588.

A full-text copy of the Debtor's operating report for March 2010
is available at http://researcharchives.com/t/s?6313

San Francisco, California-based CMR Mortgage Fund II, LLC is a
limited liability company organized for the purpose of making or
investing in business loans secured by deeds of trust or mortgages
on real properties located primarily in California.   The Company
previously funded lending activities through loan pay downs or pay
offs, as well as by selling its membership interests, and by
selling all or a portion of interests in the loans to individual
investors.  The Company commenced operations in February 2004.
The Company ceased accepting new members in the third quarter of
2006.

The Company and CMR Mortgage Fund III, LLC filed for Chapter 11
protection on March 31, 2009 (Bankr. N. D. Calif. Case No. 09-
30788 and 09-30802).  Robert G. Harris, Esq., at the Law Offices
of Binder and Malter, represents the Debtor as counsel.  The
Debtor listed between $10 million and $50 million each in assets
and debts.


CMR MORTGAGE: Posts $577,365 Net Loss in April
----------------------------------------------
CMR Mortgage Fund II, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of California on May 20, 2010, its
monthly operating report for the month ended April 30, 2010.

The Company reported a net loss of $577,365 on total revenues of
($5,937) for the month of April 2010.

At April 30, 2010, the Debtor had total assets of $62,936,666,
total liabilities of $37,634,443 and total equity of $25,302,223.

A full-text copy of the Debtor's operating report for April 2010
is available at http://researcharchives.com/t/s?6312

San Francisco, California-based CMR Mortgage Fund II, LLC, is a
limited liability company organized for the purpose of making or
investing in business loans secured by deeds of trust or mortgages
on real properties located primarily in California.   The Company
previously funded lending activities through loan pay downs or pay
offs, as well as by selling its membership interests, and by
selling all or a portion of interests in the loans to individual
investors.  The Company commenced operations in February 2004.
The Company ceased accepting new members in the third quarter of
2006.

The Company and CMR Mortgage Fund III, LLC, filed for Chapter 11
protection on March 31, 2009 (Bankr. N. D. Calif. Case No. 09-
30788 and 09-30802).  Robert G. Harris, Esq., at the Law Offices
of Binder and Malter, represents the Debtor as counsel.  The
Debtor listed between $10 million and $50 million each in assets
and debts.


COLONIAL BANCGROUP: Reports Cash Loss of $898,084 in April
----------------------------------------------------------
On May 20, 2010, The Colonial Bancgroup, Inc., filed its
monthly operating report for April 2010 with the U.S. Bankruptcy
Court for the Middle District of Alabama, Northern Division.

The Company ended April 2010 with $38.0 million cash, of which
roughly $1.6 million is currently available to the Company.  On
August 14, 2009, the FDIC placed a hold on all cash deposits of
Colonial BancGroup.  The Colonial BancGroup is unable to access
its cash deposits (except for those amounts released per
bankruptcy court order).

The Company paid a total of $891,668 in professional fees in
April 2010.

At April 30, 2010, the Company had total assets of
$43.1 million, total liabilities of $365.6 million, and total
equity of $322.5 million.

Cash profit (loss) for the month was ($898,084) on total income of
$599 and total expenses of $898,683.

A full-text copy of the Company's April 2010 monthly operating
report is available for free at:

               http://researcharchives.com/t/s?6318

Headquartered in Montgomery, Alabama, The Colonial BancGroup, Inc.
(NYSE: CNB) was holding company to Colonial Bank, N.A, its
banking subsidiary.  Colonial bank -- http://www.colonialbank.com/
-- operated 354 branches in Florida, Alabama, Georgia, Nevada and
Texas with over $26 billion in assets.  On August 14, 2009,
Colonial Bank was seized by regulators and the Federal Deposit
Insurance Corporation was named receiver.  The FDIC sold most of
the assets to Branch Banking and Trust, Winston-Salem, North
Carolina.  BB&T acquired $22 billion in assets and assumed
$20 billion in deposits of the Bank.

The Colonial BancGroup filed for Chapter 11 bankruptcy protection
on August 25, 2009 (Bankr. M.D. Ala. Case No. 09-32303).  W. Clark
Watson, Esq., at Balch & Bingham LLP and Rufus T. Dorsey IV,
Esq., at Parker Hudson Rainer & Dobbs LLP, assist the Company in
its restructuring effort.  The Company listed $45,000,000 in
assets and $380,000,000 in debts in its bankruptcy filing.


ESCADA AG: EUSA Has $11,877,993 Cash at End of March
----------------------------------------------------
Escada (USA), Inc., now known as EUSA Liquidation Inc., filed
with the U.S. Bankruptcy Court for the Southern District of New
York its monthly operating report for the period from
March 1 to 31, 2010.

Christian D. Marques, a member of the Board of Directors at EUSA
Liquidation, related that the Company's beginning balance in its
working fund and disbursement account at JPMorgan Chase Bank,
N.A., and local store accounts totaled $12,259,919 at the
beginning of the Reporting Period.

EUSA Liquidation held $ $11,877,993 at the end of the Period.

             EUSA Liquidation Inc., fka Escada (USA) Inc.
                           Balance Sheet
                       As of March 31, 2010

ASSETS
CURRENT ASSETS:
Unrestricted cash & cash equivalents                $11,877,993
Restricted cash & cash equivalents                            -
Petty cash & register funds                                 400
Accounts receivable (net)                                     -
Notes receivable                                              -
Inventories                                                   -
Prepaid expenses                                              -
Professional retainers                                        -
Other current assets                                  6,189,803
                                                   -------------
Total Current Assets                                 18,068,196

PROPERTY & EQUIPMENT
Real Property & improvements                                  -
Machinery & equipment                                         -
EDP hardware                                                  -
EDP software                                                  -
Furniture, fixtures & office equipment                        -
Leasehold improvements                                        -
Wholesale shop in shops                                       -
Vehicles                                                      -
Construction in progress                                      -
Less: Accumulated Depreciation                                -
                                                   -------------
Total Property & Equipment                                    0

OTHER ASSETS
Amounts due from insiders                                     -
Other assets                                                  -
                                                   -------------
Total Other Assets                                            0
                                                   -------------
TOTAL ASSETS                                         $18,068,196
                                                   =============

LIABILITIES AND OWNER EQUITY
LIABILITIES NOT SUBJECT TO COMPROMISE:
Accounts payable                                        605,813
Accounts payable - intercompany                               -
Taxes payable                                             6,498
Accrued payroll                                               -
Accrued bonuses                                               -
Notes payable                                                 -
Rent/Leases - building equipment                              -
Secured debt/Adequate protection payments                     -
Professional fees                                       841,088
Amounts due to insiders                                       -
Other postpetition liabilities                          563,872
                                                   -------------
Total Postpetition Liabilities                        2,017,271

LIABILITIES SUBJECT TO COMPROMISE:
Secured debt                                                  -
Priority debt - US Customs                           13,711,413
Unsecured debt - bonds/senior credit
facility estimate                                   312,062,953
Unsecured debt - letters of credit                    7,519,982
Unsecured debt - accounts payable                     1,020,944
Unsecured debt - intercompany                        37,525,026
                                                   -------------
Total Prepetition Liabilities                       371,840,318
                                                   -------------
TOTAL LIABILITIES                                   373,857,589

OWNERS' EQUITY
Capital stock                                         4,700,000
Additional paid-in capital                           21,316,288
Partners' capital account                                     -
Owner's equity account                                        -
Retained earnings - prepetition                    (380,006,737)
Retained earnings - postpetition                     (1,798,944)
Adjustments to owner equity                                   -
Postpetition contributions                                    -
                                                   -------------
NEW OWNERS' EQUITY                                  (355,789,393)
                                                   -------------
TOTAL LIABILITIES AND OWNERS' EQUITY                 $18,068,196
                                                   =============

             EUSA Liquidation Inc., fka Escada (USA) Inc.
                      Statement of Operations
                  March 1 through March 31, 2010

REVENUES:
Gross revenues                                               $0
Less: returns and allowances                                  -
                                                   -------------
Net revenue                                                   0

Cost of Goods Sold:
Beginning Inventory                                           -
Add: purchases                                                -
Add: cost of labor                                            -
Add: other costs                                              -
Less: ending inventory                                        -
Cost of goods sold                                      (66,847)
                                                   -------------
Gross profit                                              66,847

Operating Expenses:
Advertising                                              (4,595)
Auto and truck expense                                        -
Bad debts                                                 3,304
Contributions                                                 -
Employee benefits programs                                6,234
Officer/insider compensation                             56,053
Insurance                                                     -
Management fees/bonuses                                       -
Office expense                                                -
Pension & profit sharing plans                                -
Repairs and maintenance                                   3,192
Rent and lease expense                                   (2,335)
Salaries/commissions/fees                                31,849
Supplies                                                      -
Taxes - payroll                                           4,782
Taxes - real estate                                           -
Taxes - other                                                 -
Travel and entertainment                                      -
Utilities                                                   757
Other                                                   (20,053)
                                                   -------------
Total Operating Expenses Before Depreciation              79,189
Depreciation/depletion/amortization                            -
                                                   -------------
Net Loss Before Other Income & Expenses                  (12,342)

Other Income and Expenses:
Other income                                               (425)
Interest expense                                            (71)
Other expense                                                 -
                                                   -------------
Net Loss Before Reorganization Items                     (11,846)

Reorganization Items:
Professional fees                                      (152,781)
U.S. Trustee quarterly fees                                   -
Interest earned on accumulated cash
from Chapter 11                                              -
Gain (Loss) from sale of equipment                            -
Other reorganization expenses                            66,847
Total reorganization expenses                           (85,934)
Income taxes                                                  -
                                                   -------------
Net Profit (Loss)                                        $74,088
                                                   =============

          EUSA Liquidation Inc., fka Escada (USA) Inc.
          Schedule of Cash Receipts and Disbursements
               March 1 through March 31, 2010

CASH, BEGINNING OF MONTH                             $12,259,919

RECEIPTS
Cash Sales                                                     -
Accounts Receivable - prepetition                              -
Accounts Receivable - postpetition                             -
Loans and Advances                                             -
Sale of Assets                                                 -
Other                                                    337,569
Transfers (from DIP Accounts)                            440,272
                                                   -------------
   TOTAL RECEIPTS                                       777,841

DISBURSEMENTS
Net Payroll                                               41,784
Payroll Taxes                                             28,022
Sales, Use and Other taxes                                     -
Inventory Purchases                                            -
Secured/Rental/Leases                                          -
Insurance                                                      -
Administrative                                           276,943
Selling                                                        -
Other                                                      5,548
Owner Draw                                                     -
Transfers (to DIP Accounts)                              440,272
Professional Fees                                        367,198
U.S. Trustee Quarterly Fees                                    -
Court Costs                                                    -
                                                   -------------
   TOTAL DISBURSEMENTS                                 1,159,767
                                                   -------------
Net Cash Flow (Receipts Less Disbursements)             (381,926)
                                                   -------------
Cash - End of Month                                  $11,877,993
                                                   =============

                        About Escada AG

The ESCADA Group -- http://www.escada.com/-- is an international
fashion group for women's apparel and accessories, which is active
on the international luxury goods market.  It has pursued a course
of steady expansion since its founding in 1976 by Margaretha and
Wolfgang Ley and today has 182 own shops and 225 franchise
shops/corners in more than 60 countries.

As of August 10, 2009, the Escada Group operated 176 owned stores
and so-called shop in shops, of which 26 owned stores are located
in the United States and operated by Escada (USA) Inc. and 2
stores are planned to be opened in the United States before year
end.  Escada Group products are also sold in 163 stores worldwide
which are operated by franchisees.  Escada Group had total assets
of EUR322.2 million against total liabilities of EUR338.9 million
as of April 30, 2009.

Wholly owned subsidiary Escada (USA) Inc. filed for Chapter 11 on
August 14, 2009 (Bankr. S.D.N.Y. Case No. 09-15008).  Judge Stuart
M. Bernstein handles the case.  O'Melveny & Myers LLP has been
tapped as bankruptcy counsel.  Kurtzman Carson Consultants serves
as claims and notice agent.  Escada US listed US$50 million to
US$100 million in assets and US$100 million to US$500 million in
debts in its petition.

Bankruptcy Creditors' Service, Inc., publishes Escada USA
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Escada USA, and the insolvency proceedings of ESCADA AG and its
units.  (http://bankrupt.com/newsstand/or 215/945-7000)


FREMONT GENERAL: Posts $2.4 Million Net Loss in April
-----------------------------------------------------
On May 17, 2010, Fremont General Corporation filed its monthly
operating report for the month ended April 30, 2010, with the
United States Trustee for the Central District of California,
Santa Ana Division.

The information contained in the April monthly operating report
represents financial information of the Company only and does not
include financial information for its indirect wholly-owned
subsidiary, Fremont Reorganizing Corporation (formerly known as
"Fremont Investment & Loan").

Fremont General posted a net loss of $2.4 million in April 2010.

At April 30, 2010, the Company had $480.4 million in total assets,
$390.8 million in total liabilities, and $89.6 million in total
equity.  Unrestricted cash was $20.1 million at April 30, 2010,
2010, compared to $21.0 million at March 31, 2010.

A full-text copy of Fremont's April 2010 monthly operating
report is available for free at:

               http://researcharchives.com/t/s?62fe

Based in Santa Monica, California, Fremont General Corp. (OTC:
FMNTQ) -- http://www.fremontgeneral.com/-- was a financial
services holding company with $8.8 billion in total assets at
September 30, 2007.  Fremont General ceased being a financial
services holding company on July 25, 2008, when its wholly owned
bank subsidiary, Fremont Reorganizing Corporation (f/k/a Fremont
Investment & Loan) completed the sale of its assets, including all
of its 22 branches, and 100% of its $5.2 billion of deposits to
CapitalSource Bank.

Fremont General filed for Chapter 11 protection on June 18, 2008,
(Bankr. C.D. Calif. Case No. 08-13421).  Robert W. Jones, Esq.,
and J. Maxwell Tucker, Esq., at Patton Boggs LLP, Theodore
Stolman, Esq., Scott H. Yun, Esq., and Whitman L. Holt, Esq., at
Stutman Treister & Glatt, represent the Debtor as counsel.
Kurtzman Carson Consultants LLC is the Debtor's noticing
agent and claims processor.  Lee R. Bogdanoff, Esq., Jonathan S.
Shenson, Esq., and Brian M. Metcalf, at Klee, Tuchin, Bogdanoff &
Stern LLP, represent the Official Committee of Unsecured
Creditors as counsel.  Fremont's formal schedules showed
$330,036,435 in total assets and $326,560,878 in total debts.


GENERAL GROWTH: Reports $72,695,000 Net Loss for March
------------------------------------------------------
                  General Growth Properties, Inc.
                Consolidated Condensed Balance Sheet
                        As of March 31, 2010

Assets
Investment in real estate:
Land                                            $2,906,498,000
Buildings and equipment                         18,881,304,000
Less accumulated depreciation                   (3,880,090,000)
Developments in progress                           375,476,000
                                               ----------------
    Net property and equipment                   18,283,188,000

Investment in and loans to/from
Unconsolidated Real Estate Affiliates              380,341,000
Investment property and property held for
development and sale                             1,203,934,000
Investment in controlled non-debtor entities     3,992,460,000
                                               ----------------
    Net investment in real estate                23,859,923,000

Cash and cash equivalents                           506,362,000
Accounts and notes receivable, net                  327,498,000
Goodwill                                            199,664,000
Deferred expenses, net                              217,395,000
Prepaid expenses and other assets                   558,673,000
                                               ----------------
  Total assets                                  $25,669,515,000
                                               ================

Liabilities and Equity:
Mortgages, notes and loans payable              $11,177,104,000
Investment in and loans to/from Unconsolidated
Real Estate Affairs                                 33,288,000
Deferred tax liabilities                            903,046,000
Accounts payable and accrued expenses             1,005,063,000
                                               ----------------
Liabilities not subject to compromise           13,118,501,000
                                               ----------------
Liabilities subject to compromise               10,852,350,000
                                               ----------------
Total liabilities                               23,970,851,000
                                               ----------------

Redeemable noncontrolling interests:
Preferred                                          120,756,000
Common                                             116,890,000
                                               ----------------
Total redeemable noncontrolling interests          237,646,000
                                               ----------------

Equity:
Common stock                                         3,188,000
Additional paid-in capital                       3,753,998,000
Retained earnings (accumulated deficit)         (2,232,762,000)
Accumulated other comprehensive loss                  (936,000)
Less common stock in treasury, at cost             (76,752,000)
                                               ----------------
Total stockholder's equity                       1,446,736,000
Noncontrolling interests in consolidated real
estate affiliates                                   14,282,000
                                               ----------------
Total equity                                     1,461,018,000
                                               ----------------
  Total liabilities and equity                  $25,669,515,000
                                               ================

                General Growth Properties, Inc.
                Consolidated Statement of Income
                For the Month ended March 31, 2010

Revenues:
Minimum rents                                     $135,646,000
Tenant recoveries                                   62,120,000
Overage rents                                        2,141,000
Land sales                                             485,000
Management fees and other corporate revenues         1,010,000
Other                                                6,210,000
                                               ----------------
  Total revenues                                    207,612,000
                                               ----------------
Expenses:
Real estate taxes                                   19,895,000
Repairs and maintenance                             10,717,000
Marketing                                            1,849,000
Ground and other rents                                 991,000
Other property operating costs                      26,321,000
Land sales operations                                4,326,000
Provision for doubtful accounts                      5,695,000
Property management and other costs                  7,314,000
General and administrative                           3,675,000
Provisions for impairment                           11,351,000
Depreciation and amortization                       49,510,000
                                               ----------------
  Total expenses                                    141,644,000
                                               ----------------
Operating income (loss)                              65,968,000

Interest (expense) income, net                     (109,886,000)
                                               ----------------
Loss before income taxes, noncontrolling
interests, equity in income of Unconsolidated
Real Estate Affiliates and reorganization items    (43,918,000)
Benefit (provision) for income taxes                 (4,084,000)
Equity in income of Unconsolidated Real Estate
Affiliates                                          10,723,000
Reorganization items                                (35,983,000)
                                               ----------------
Net income                                          (73,262,000)
Allocation to noncontrolling interests                  567,000
                                               ----------------
Net income attributable to common stockholders     ($72,695,000)
                                               ================

                       About General Growth

Based in Chicago, Illinois, General Growth Properties, Inc. --
http://www.ggp.com/-- is the second-largest U.S. mall owner,
having ownership interest in, or management responsibility for,
more than 200 regional shopping malls in 44 states, as well as
ownership in master planned community developments and commercial
office buildings.  The Company's portfolio totals roughly
200 million square feet of retail space and includes more than
24,000 retail stores nationwide.  General Growth is a self-
administered and self-managed real estate investment trust.  The
Company's common stock is trading in the pink sheets under the
symbol GGWPQ.

General Growth Properties Inc. and its affiliates filed for
Chapter 11 on April 16, 2009 (Bankr. S.D.N.Y., Case No.
09-11977).  Marcia L. Goldstein, Esq., Gary T. Holtzer, Esq.,
Adam P. Strochak, Esq., and Stephen A. Youngman, Esq., at Weil,
Gotshal & Manges LLP, have been tapped as bankruptcy counsel.
Kirkland & Ellis LLP is co-counsel.  Kurtzman Carson Consultants
LLC has been engaged as claims agent.  The Company also hired
AlixPartners LLP as financial advisor and Miller Buckfire Co. LLC,
as investment bankers.  The Debtors disclosed $29,557,330,000 in
assets and $27,293,734,000 in debts as of December 31, 2008.

Bankruptcy Creditors' Service, Inc., publishes General Growth
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Growth Properties Inc. and its various
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


GOTTSCHALKS INC: Posts $1,381,000 Net Loss From April 4 to May 1
----------------------------------------------------------------
On May 19, 2010, Gottschalks Inc. filed with the U.S. Bankruptcy
Court for the District of Delaware its monthly operating report
for the period April 4, 2010, through May 1, 2010.

The Debtor ended the period with $9,964,000 cash.  During the
period, the Debtor paid a total of $454,090 in professional fees
and reimbursed a total of $38,955 in professional expenses.

The Company reported a net loss of $1,381,000 for the period.

At May 1, 2010, the Company had $35,202,000 in total assets,
$78,327,000 in total liabilities, and ($43,125,000) in net owner
equity.

The April 2010 operating report is available for free at:

               http://researcharchives.com/t/s?631a

Headquartered in Fresno, California, Gottschalks Inc. (Pink
Sheets: GOTTQ.PK) -- http://www.gottschalks.com/-- is a regional
department store chain, operating 58 department stores and three
specialty apparel stores in six western states.  Gottschalks
offers better to moderate brand-name fashion apparel, cosmetics,
shoes, accessories and home merchandise.

The Company filed for Chapter 11 protection on January 14, 2009
(Bankr. D. Del. Case No. 09-10157).  O'Melveny & Myers LLP
represents the Debtor in its Chapter 11 case.  Lee E. Kaufman,
Esq., and Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as the Debtors' co-counsel.  The Debtor selected
Kurtzman Carson Consultants LLC as its claims agent.  The U.S.
Trustee for Region 3 appointed seven creditors to serve on an
official committee of unsecured creditors.  When the Debtor filed
for protection from its creditors, it listed $288,438,000 in total
assets and $197,072,000 in total debts.


GREEKTOWN HOLDINGS: Reports $1,657,292 Net Loss for March
---------------------------------------------------------
                    Greektown Holdings, LLC
                         Balance Sheet
                      As of March 31, 2010

Assets
Cash                                                       $0
Inventory
Accounts receivable
Insider Receivables                                 3,442,586

Property and Equipment
Land and buildings                                          0
Furniture, fixtures and equipment                           0

Other Assets
Financing Fees                                              0
Notes receivables from affiliates                 540,697,297
Investments in affiliate                          (61,047,890)
                                                --------------
Total Assets                                      $483,091,993
                                                ==============

Liabilities and Stockholder's Equity
Postpetition liabilities:
Accounts payable                                           $0
Rent and lease payable                                      0
Wages and salaries                                          0
Taxes payable                                               0
Other                                               1,350,000
                                                --------------
Total postpetition liabilities                      1,350,000

Secured liabilities subject to postpetition
collateral or financing order                      191,723,142
All other secured liabilities                      348,974,156
                                                --------------
Total secured liabilities                         540,697,297

Prepetition liabilities:
Taxes and other priority liabilities                        0
Unsecured liabilities                             243,424,223
Discount on bonds                                           0
                                                --------------
Total prepetition liabilities                     243,424,223

Kewadin equity                                     (99,399,607)
Monroe equity                                      (87,697,011)
Owner's capital                                        488,947
Retained earnings prepetition                      116,601,907
Retained earnings postpetition                    (232,373,763)
                                                --------------
Total stockholders' equity                       (302,379,528)
                                                --------------
Total liabilities                                 785,471,520
                                                --------------
Total Liabilities & Shareholders' Deficit         $483,091,993
                                                ==============

                    Greektown Holdings, LLC
                       Income Statement
               For the month ended March 31, 2010

Total revenue/sales                                         $0
Cost of sales                                                0
                                                --------------
Gross profit                                                 0

Operating Expenses
Interest expense                                    1,657,292
Accounting fees - credit                                    0
                                                --------------
Total expenses                                      1,657,292

Net operating profit/(loss)
Add: Non-operating income                                    0
    Interest income                                          0
    Other income                                             0

Less: Non-operating expenses                                 0
                                                --------------
Net Income (Loss)                                  ($1,657,292)
                                                ==============

                    Greektown Holdings, LLC
                      Cash Flow Statement
               For the month ended March 31, 2010

Cash - beginning of month                                   $0

Receipts                                                    0
Balance available                                           0
                                                --------------
Less disbursements                                          0
                                                --------------
Cash - end of month                                         $0
                                                ==============

                      Greektown Casino LLC
                         Balance Sheet
                      As of March 31, 2010

Assets
Cash                                              $20,063,170
Inventory                                             377,975
Accounts receivable                                 3,867,888
Insider Receivables                                         -

Property and Equipment
Land and buildings                                516,760,757
Furniture, fixtures and equipment                 111,354,381
Accumulated depreciation                         (158,090,372)
Other current                                      36,028,637
Other long term                                    17,357,946
                                                --------------
Total Assets                                      $547,720,382
                                                ==============

Liabilities and Stockholder's Equity
Postpetition liabilities:
Accounts payable                                  $23,269,081
Notes payable                                       1,438,661
Rent and lease payable                                      -
Wages and salaries                                  3,378,612
Taxes payable                                       1,969,713
Other                                                 167,400
                                                --------------
Total postpetition liabilities                     30,223,467

Secured liabilities subject to postpetition
collateral or financing order                      191,723,141
All other secured liabilities                      348,974,156
                                                --------------
Total secured liabilities                         540,697,297

Prepetition liabilities:
Taxes and other priority liabilities                        -
Unsecured liabilities                              35,514,869
Other                                               2,332,640
                                                --------------
Total prepetition liabilities                      37,847,509

Equity                                             47,575,616
Owner's capital                                             -
Retained earnings prepetition                      82,744,007
Retained earnings postpetition                   (191,367,514)
                                                --------------
Total shareholders' equity                        (61,047,891)
                                                --------------
Total liabilities                                 608,768,273
                                                --------------
Total Liabilities & Shareholders' Equity          $547,720,382
                                                ==============

                      Greektown Casino LLC
                        Income Statement
               For the month ended March 31, 2010

Total revenue/sales                                $35,416,957
Cost of sales                                        4,083,604
                                                --------------
Gross profit                                        31,333,354

Operating Expenses
Officer compensation                                   42,582
Salary expenses, other employees                    5,281,183
Employees benefits & pensions                       2,224,385
Payroll taxes                                         661,093
Other taxes                                           626,872
Rent and lease expense                                  7,989
Interest expense                                    5,443,669
Insurance                                             310,380
Automobile & truck expense                                  -
Utilities                                             345,235
Depreciation                                        1,528,239
Travel and entertainment                                3,329
Repairs and maintenance                                80,090
Advertising                                           698,753
Supplies, office expense, etc.                         17,586
Gaming taxes                                        4,436,982
G&A expenses                                        2,614,429
F&B expenses                                        1,157,557
MGCB Fee                                              852,778
Parking/other                                               -
Pre-opening expenses                                        -
Impairment of intangible assets                             -
                                                --------------
Total expenses                                     26,333,132

Net operating profit (loss)                         5,000,221
Add: Non-operating income:
     Interest income                                         -
     Other income                                            -

Less: Non-operating expenses
      Professional fees                              4,911,174
      Other                                            298,264
      Other - MBT(Benefit)/Expense                     303,207
                                                --------------
Net Income (Loss)                                    ($512,424)
                                                ==============

                      Greektown Casino LLC
                       Cash Flow Statement
               For the month ended March 31, 2010

Cash - beginning of month                           $8,798,450

Receipts                                           37,433,101
Balance available                                  46,231,551
                                                --------------
Less disbursements                                 42,425,185
                                                --------------
Cash - end of month                                 $3,806,366
                                                ==============

                     About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of
casino gaming space with more than 2,400 slot machines, over 70
tables games, a 12,500-square foot salon dedicated to high limit
gaming and the largest live poker room in the metropolitan Detroit
gaming market.  Greektown Casino employs approximately 1,971
employees, and estimates that it attracts over 15,800 patrons each
day, many of whom make regular visits to its casino complex and
related properties.  In 2007, Greektown Casino achieved a 25.6%
market share of the metropolitan Detroit gaming market.  Greektown
Casino has also been rated as the "Best Casino in Michigan" and
"Best Casino in Detroit" numerous times in annual readers' polls
in Detroit's two largest newspapers.

The Company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No.
08-53104).  Daniel J. Weiner, Esq., Michael E. Baum, Esq., and
Ryan D. Heilman, Esq., at Schafer and Weiner PLLC, represent the
Debtors in their restructuring efforts.  Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, represents the Debtors as
their special counsel.  The Debtors chose Conway MacKenzie &
Dunleavy as their financial advisor, and Kurtzman Carson
Consultants LLC as claims, noticing, and balloting agent.  Clark
Hill PLC serves as counsel to the Official Committee of Unsecured
Creditors.

Greektown Holdings listed assets and debts of $100 million to
$500 million in its bankruptcy petition.

Bankruptcy Creditors' Service, Inc., publishes Greektown Casino
Bankruptcy News.  The newsletter tracks the Chapter 11
proceedings undertaken by Greektown Casino and its various
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


GUARANTY FINANCIAL: Reports $286,310 Net Income in April
--------------------------------------------------------
On May 18, 2010, Guaranty Financial Group Inc. and each of its
wholly owned subsidiaries, Guaranty Group Ventures Inc., Guaranty
Holdings Inc., and Guaranty Group Capital Inc. filed their
unaudited monthly operating reports for April 2010 with the United
States Bankruptcy Court for the Northern District of Texas, Dallas
Division.

Guaranty Financial Group reported net income of $286,310 for the
month of April 2010.  Results for the month include $402,049 in
insurance premium refunds.  The Debtor incurred a total of
$116,100 in professional fees for the month.

At April 30, 2010, Guaranty Financial Group had $12,369,027 in
total assets, $329,113,695 in total liabilities, and
($316,744,669) in total equity.

A full-text copy of Guaranty Financial Group's monthly operating
report is available for free at:

               http://researcharchives.com/t/s?6314

Guaranty Group Ventures reported net income of $295 for the month
of April 2010.

At April 30, 2010, Guaranty Group Ventures had $12,238,227 in
total assets, $371,185 in total liabilities, and $11,867,042 in
total equity.

A full-text copy of Guaranty Group Ventures' monthly operating
report is available for free at:

               http://researcharchives.com/t/s?6315

Guaranty Holdings reported a net loss of $325 for the month of
April 2010.

At April 30, 2010, Guaranty Holdings had $7,495 in total assets
and $7,495 in total equity.

A full-text copy of Guaranty Holdings' monthly operating report is
available for free at http://researcharchives.com/t/s?6316

Guaranty Group Capital reported a net loss of $16 for the month
of April 2010.

At April 30, 2010, Guaranty Group Capital had $4,171,878 in total
assets and $4,171,878 in total equity.

A full-text copy of Guaranty Group Capital's monthly operating
report is available for free at:

               http://researcharchives.com/t/s?6317

Guaranty Financial Group Inc. -- http://www.guarantygroup.com/--
is based in Dallas, Texas.  Guaranty Financial is a unitary
savings and loan holding company. The Company's primary operating
entities are Guaranty Bank and Guaranty Insurance Services, Inc.
Guaranty Financial filed for bankruptcy after the Guaranty bank
was seized by regulators and sent to receivership under the
Federal Deposit Insurance Corporation.  Before the bank was taken
over, the balance sheet of the holding company had $15.4 billion
in assets as of Sept. 30, 2008.

Guaranty Financial together with affiliates filed for Chapter 11
on Aug. 27, 2009 (Bankr. N.D. Tex. Case No. 09-35582).  Attorneys
at Haynes & Boone, LLP, represent the Debtors.  According to the
schedules attached to its petition, the Company has assets of at
least $24,295,000, and total debts of $323,413,428, including
$305 million in trust preferred security.


LEHMAN BROTHERS: Cash Grows $719 Million in April, to $17.38B
-------------------------------------------------------------
Bill Rochelle at Bloomberg News reports that Lehman Brothers
Holdings Inc. ended April with $719 million more cash than the
month before.  In its operating report, Lehman listed
$17.38 billion cash in its accounts.  Cash receipts in the month
were $1.195 billion.  The Lehman holding company ended March with
$2.4 billion cash. Lehman Brothers Special Financing Inc. had
$6.215 billion cash.  Lehman Commercial Paper Inc. was in third
place with cash of $3.263 billion.

According to Bloomberg, the operating report breaks down how
various professional firms billed $62.5 million in April, bringing
total professional fees since the inception of the case in
September 2008 to $794 million.

From the inception of the Chapter 11 cases, Alvarez & Marsal LLC,
the financial advisers, billed $277.4 million.  Weil Gotshal &
Manges LLP, chief bankruptcy counsel, has $182.3 million in
billings.  Attorneys for the official creditors' committee from
Milbank Tweed Hadley & McCloy LLP have been paid $52.8 million.

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also
bought Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


MAGIC BRANDS: Files Initial Monthly Operating Report
----------------------------------------------------
Magic Brands, LLC, et al., filed on May 7, 2010, an initial
monthly operating report with the U.S. Bankruptcy Court for the
District of Delaware.

The Debtors submitted a 14-week month cash flow projection
beginning the week ending April 25, 2010, up to the week ending
July 25, 2010.

A full-text copy of the initial monthly operating report is
available at no charge at:

       http://bankrupt.com/misc/magicbrands.initialmor.pdf

Magic Brands, LLC is the parent of the Fuddruckers and Koo Koo
Roo restaurant brands.  Fuddruckers -- http://www.fuddruckers.com/
-- was founded in 1980 in San Antonio, Texas, with the goal of
serving hamburgers that are cooked to order and made with fresh
ingredients.  Magic Brands, based in Austin, Texas, purchased the
chain in 1998 and has sought to broaden its appeal by expanding
its menu.

Magic Brands, LLC, and its operating units filed for Chapter 11 on
April 21, 2010 (Bankr. D. Del. Lead Case No. 10-11310).  It
disclosed assets of up to $10,000,000 and debts of $10,000,001 to
$50,000,000.  Affiliate Fuddruckers, Inc., also filed, listing
assets and debts of $50,000,000 to $100,000,000.

FocalPoint Securities, LLC, serves as investment banker to Magic
Brands and Goulston & Storrs serves as lead bankruptcy counsel.
Kurtzman Carson Consultants, LLC, serves as claims and notice
agent.


MESA AIR: Posts $1.6 Million Net Loss in April
----------------------------------------------
Mesa Air Group, Inc., filed on May 20, 2010, a monthly operating
report for the period from April 1, 2010, to April 30, 2010, with
the U.S. Bankruptcy Court for the Southern District of New York.

The Debtors reported a net loss of $1.6 million on revenue of
$70.6 million for the month of April 2010.  Operating income for
the month was $1.5 million.

The Company incurred $1.3 million in interest expense and
$2.6 million in professional fees for the period.

At April 30, 2010, the Debtors' balance sheets showed
$938.7 million in assets, $836.1 million of liabilities, and
$102.6 million of stockholders' equity.  The Company ended the
period with $57.5 million in cash and cash equivalents, compared
to $54.1 million at March 31, 2010.

A full-text copy of the Company's monthly operating report for the
period ended April 30, 2010, is available for free at:

               http://researcharchives.com/t/s?631b

Mesa currently operates 130 aircraft with approximately 700 daily
system departures to 127 cities, 41 states, Canada, and Mexico.
Mesa operates as Delta Connection, US Airways Express and United
Express under contractual agreements with Delta Air Lines, US
Airways and United Airlines, respectively, and independently as
Mesa Airlines and go! Mokulele.  This operation links Honolulu to
the neighbor island airports of Hilo, Kahului, Kona and Lihue. The
Company, founded by Larry and Janie Risley in New Mexico in 1982,
has approximately 3,500 employees.

Mesa Air Group Inc. and its units filed their Chapter 11 petitions
Jan. 5 in New York (Bankr. S.D.N.Y. Case No. 10-10018), listing
assets of $976 million against debt totaling $869 million as of
Sept. 30, 2009.

Richard M. Pachulski, Esq., and Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.
Imperial Capital LLC is the investment banker.  Epiq Bankruptcy
Solutions is claims and notice agent.

Bankruptcy Creditors' Service, Inc., publishes Mesa Air Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings undertaken
by Mesa Air Group Inc. and its units.
(http://bankrupt.com/newsstand/or 215/945-7000).


MESA AIR: Reports $1.6 Million Net Loss in April
------------------------------------------------
Bill Rochelle at Bloomberg News reports that Mesa Air Group
Inc. reported a $1.6 million net loss in April on revenue of
$70.6 million.  Operating income for the month was $1.5 million.
Reorganization items in the month were $2.6 million while interest
expense was $1.3 million.  Cash grew from $54.1 million at March
31 to $57.5 million on April 30.  Since the inception of the
bankruptcy reorganization, the cumulative net loss is $3.6 million
on revenue of $271.5 million.

                     About Mesa Air Group

Mesa currently operates 130 aircraft with approximately 700 daily
system departures to 127 cities, 41 states, Canada, and Mexico.
Mesa operates as Delta Connection, US Airways Express and United
Express under contractual agreements with Delta Air Lines, US
Airways and United Airlines, respectively, and independently as
Mesa Airlines and go! Mokulele.  This operation links Honolulu to
the neighbor island airports of Hilo, Kahului, Kona and Lihue. The
Company, founded by Larry and Janie Risley in New Mexico in 1982,
has approximately 3,500 employees.

Mesa Air Group Inc. and its units filed their Chapter 11 petitions
Jan. 5 in New York (Bankr. S.D.N.Y. Case No. 10-10018), listing
assets of $976 million against debt totaling $869 million as of
Sept. 30, 2009.

Richard M. Pachulski, Esq., and Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.
Imperial Capital LLC is the investment banker.  Epiq Bankruptcy
Solutions is claims and notice agent.

Bankruptcy Creditors' Service, Inc., publishes Mesa Air Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings undertaken
by Mesa Air Group Inc. and its units.
(http://bankrupt.com/newsstand/or 215/945-7000).


MIDWAY GAMES: Posts $555,429 Net Loss in January
------------------------------------------------
On May 4, 2010, Midway Games Inc. and its United States
subsidiaries filed their monthly operating report for
January 2010 with the United States Bankruptcy Court for the
District of Delaware.

The Debtors reported a net loss of $555,429 on no revenue for the
month of January.  For the month, the Debtors incurred $341,565
in professional fees.

At January 31, 2010, the Company had $1.308 billion in total
assets, $4.9 million in total post-petition liabilities,
$1.365 billion in total pre-petition liabilities, $81.3 million
in due to debtors, and $13.0 million in deferred income taxes,
resulting in a $156.5 million stockholders' deficit.

The Debtors' schedules of cash receipts and disbursements for the
month ended January 31, 2010, showed:

    Cash, beginning         $39.94 million
    Total receipts           $0.06 million
    Total disbursements      $0.60 million
    Cash, end               $39.40 million

Payments for professional fees and expenses totaled $365,945 for
the month of January.  The Debtors paid $21,125 in US Trustee fees
in January.

A full-text copy of the Company's January 2010 monthly operating
report is available for free at:

               http://researcharchives.com/t/s?6305

Headquartered in Chicago, Illinois, Midway Games Inc. (OTC Pink
Sheets: MWYGQ) -- http://www.midway.com/-- was a leading
developer and publisher of interactive entertainment software for
major videogame systems and personal computers.

The Company and nine of its affiliates filed for Chapter 11
protection on February 12, 2009 (Bankr. D. Del. Lead Case No.
09-10465).  Michael D. DeBaecke, Esq., Jason W. Staib, Esq, and
Victoria A. Guilfoyle, Esq., at Blank Rome LLP, in Wilmington,
Delaware; and Marc E. Richards, Esq., and Pamela E. Flaherty,
Esq., at Blank Rome LLP, in New York, represent the Debtors in
their restructuring efforts.  Attorneys at Milbank, Tweed, Hadley
& McCloy LLP and Richards, Layton & Finger, P.A. represent the
official committee of unsecured creditors as counsel.  Epiq
Bankruptcy Solutions, LLC, is the Debtors' claims, noticing, and
balloting agent.

On July 10, 2009, Midway and certain of its U.S. subsidiaries
completed the sale of substantially all of their assets to Warner
Bros. Entertainment Inc. in a sale approved by the Court.  The
aggregate gross purchase price was roughly $49 million, including
the assumption of certain liabilities.  Midway is disposing of its
remaining assets.

At June 30, 2009, the Debtors reported $1.39 billion in assets and
$1.59 billion in liabilities.  The Debtors' project that unsecured
creditors will recover between 16.5% and 25% on account of their
prepetition claims under the Company's Chapter 11 plan of
liquidation.


MIDWAY GAMES: Posts $333,182 Net Loss in February
-------------------------------------------------
On May 17, 2010, Midway Games Inc. and its United States
subsidiaries filed their monthly operating report for
February 2010 with the United States Bankruptcy Court for the
District of Delaware.

The Debtors reported a net loss of $333,182 on net revenues of
$402.29 for the month of February.  For the month, the Debtors
incurred $318,808 in professional fees.

At February 28, 2010, the Company had $1.308 billion in total
assets, $5.3 million in total post-petition liabilities,
$1.365 billion in total pre-petition liabilities, $81.3 million
in due to debtors, and $13.0 million in deferred income taxes,
resulting in a $156.8 million stockholders' deficit.

The Debtors' schedules of cash receipts and disbursements for the
month ended February 28, 2010, showed:

    Cash, beginning         $39.40 million
    Total receipts           $0.21 million
    Total disbursements      $0.11 million
    Cash, end               $39.50 million

Payments for professional fees and expenses totaled $43,021 for
the month of February.  Payment to Epiq Bankruptcy Solutions
totaled $15,207.

A full-text copy of the Company's February 2010 monthly operating
report is available for free at:

               http://researcharchives.com/t/s?6303

Headquartered in Chicago, Illinois, Midway Games Inc. (OTC Pink
Sheets: MWYGQ) -- http://www.midway.com/-- was a leading
developer and publisher of interactive entertainment software for
major videogame systems and personal computers.

The Company and nine of its affiliates filed for Chapter 11
protection on February 12, 2009 (Bankr. D. Del. Lead Case No.
09-10465).  Michael D. DeBaecke, Esq., Jason W. Staib, Esq, and
Victoria A. Guilfoyle, Esq., at Blank Rome LLP, in Wilmington,
Delaware; and Marc E. Richards, Esq., and Pamela E. Flaherty,
Esq., at Blank Rome LLP, in New York, represent the Debtors in
their restructuring efforts.  Attorneys at Milbank, Tweed, Hadley
& McCloy LLP and Richards, Layton & Finger, P.A. represent the
official committee of unsecured creditors as counsel.  Epiq
Bankruptcy Solutions, LLC, is the Debtors' claims, noticing, and
balloting agent.

On July 10, 2009, Midway and certain of its U.S. subsidiaries
completed the sale of substantially all of their assets to Warner
Bros. Entertainment Inc. in a sale approved by the Court.  The
aggregate gross purchase price was roughly $49 million, including
the assumption of certain liabilities.  Midway is disposing of its
remaining assets.

At June 30, 2009, the Debtors reported $1.39 billion in assets and
$1.59 billion in liabilities.  The Debtors' project that unsecured
creditors will recover between 16.5% and 25% on account of their
prepetition claims under the Company's Chapter 11 plan of
liquidation.


NEXTMEDIA GROUP: Ends February With $8.2 Million Cash
-----------------------------------------------------
NextMedia Group, Inc., et al., ended February 2010 with
$8.2 million in unrestricted cash and cash equivalents.

At February 28, 2010, the Debtors had $199.2 million in total
assets, $270.3 million in total liabilities, and ($71.1 million)
in net owners' equity.

NextMedia Operating, Inc. reported a net loss of $2,951,047 on
net revenue of $3,191,580 for the month of February.

NextMedia Outdoor, Inc. reported net income of $262,201 on net
sales of $1,991,632 for the month of February.

A full-text copy of the Debtors' February operating report is
available for free at:

     http://bankrupt.com/misc/nextmediagroup.februarymor.pdf

Greenwood Village, Colorado-based NextMedia Group, Inc., provides
out-of-home media services through radio broadcasting and outdoor
advertising.  The Debtors operate an aggregate of 36 AM and FM
radio stations in a total of seven rated and unrated small, mid-
size and suburban markets, including the Greenville-New Bern-
Jacksonville, North Carolina area; the Saginaw-Bay City-Midland,
Michigan area; Canton, Ohio; Myrtle Beach, South Carolina; San
Jose, California; suburban Chicago; and suburban Dallas.

NextMedia Group filed for Chapter 11 bankruptcy protection on
December 21, 2009 (Bankr. D. Delaware Case No. 09-14463).  The
Debtor's affiliates, NextMedia Investors LLC, et al., also filed
Chapter 11 bankruptcy petitions.  Paul N. Heath, Esq.; Michael J.
Merchant, Esq.; and Chun I. Jang, Esq., at Richards Layton &
Finger, assist the Debtors in their restructuring efforts.
NextMedia Group listed $50,000,001 to $100,000,000 in assets and
$100,000,001 to $500,000,000 in liabilities.


NEXTMEDIA GROUP: Ends March 2010 With $7.1 Million Cash
-------------------------------------------------------
NextMedia Group, Inc., et al., ended March 2010 with $7.1 million
in unrestricted cash and cash equivalents.

At March 31, 2010, the Debtors had $197.9 million in total
assets, $270.5 million in total liabilities, and ($72.6 million)
in net owners' equity.

NextMedia Operating, Inc. reported a net loss of $1,526,264 on
net revenue of $3,745,739 for the month of March.

NextMedia Outdoor, Inc. reported net income of $831,159 on net
sales of $2,093,248 for the month of March.

A full-text copy of the Debtors' March operating report is
available for free at:

       http://bankrupt.com/misc/nextmediagroup.marchmor.pdf

Greenwood Village, Colorado-based NextMedia Group, Inc., provides
out-of-home media services through radio broadcasting and outdoor
advertising.  The Debtors operate an aggregate of 36 AM and FM
radio stations in a total of seven rated and unrated small, mid-
size and suburban markets, including the Greenville-New Bern-
Jacksonville, North Carolina area; the Saginaw-Bay City-Midland,
Michigan area; Canton, Ohio; Myrtle Beach, South Carolina; San
Jose, California; suburban Chicago; and suburban Dallas.

NextMedia Group filed for Chapter 11 bankruptcy protection on
December 21, 2009 (Bankr. D. Delaware Case No. 09-14463).  The
Debtor's affiliates, NextMedia Investors LLC, et al., also filed
Chapter 11 bankruptcy petitions.  Paul N. Heath, Esq.; Michael J.
Merchant, Esq.; and Chun I. Jang, Esq., at Richards Layton &
Finger, assist the Debtors in their restructuring efforts.
NextMedia Group listed $50,000,001 to $100,000,000 in assets and
$100,000,001 to $500,000,000 in liabilities.


PFF BANCORP: Posts $109,477 Net Loss in April
---------------------------------------------
On May 17, 2010, PFF Bancorp, Inc. and Glencrest Investment
Advisors, Inc., Glencrest Insurance Services, Inc., Diversified
Builder Services, Inc., and PFF Real Estate Services, Inc. filed
their monthly operating reports for the period April 1, 2010,
to April 30, 2010, with the United States Bankruptcy Court for
the District of Delaware.

PFF Bancorp reported a net loss of $109,477 for the month of
April 2010.

PFF Bancorp paid a total of $71,030 in professional fees and
expenses for the month of April 2010.

At April 30, 2010, PFF Bancorp had total assets of $14,898,734,
total liabilities of $117,430,056, and total equity of
($102,531,322).

A full-text copy of the Debtors' April 2010 monthly operating
report is available for free at:

               http://researcharchives.com/t/s?6319

PFF Bancorp Inc. -- http://www.pffbank.com/-- was a non-
diversified unitary savings and loan holding company within the
meaning of the Home Owners' Loan Act with headquarters formerly
located in Rancho Cucamonga, California.  Bancorp is the direct
parent of each of the remaining Debtors.

Prior to filing for bankruptcy, Bancorp was also the direct parent
of PFF Bank & Trust, a federally chartered savings institution,
and said bank's subsidiaries.

PFF Bancorp Inc. and its affiliates sought Chapter 11 protection
on December 5, 2008 (Bankr. D. Del. Case No. 08-13127 to 08-
13131).  Chun I. Jang, Esq., and Paul N. Heath, Esq., at Richards,
Layton & Finger, P.A., represent the Debtors in their
restructuring efforts.  Kurtzman Carson Consultants LLC serves as
the Debtors' claims agent.  Jason W. Salib, Esq., at Blank Rome
LLP, represents the official committee of unsecured creditors as
counsel.


PRECISION PARTS: Posts $3,494 Net Loss in February
--------------------------------------------------
Precision Parts International Services Corp., et al., filed with
the U.S. Bankruptcy Court for the District of Delaware on May 17,
2010, a monthly operating report for the month ended February 28,
2010.

The Debtors reported a net loss of $3,494 for the month of
February.

At February 28, 2010, the Debtors had total assets of
$4.1 million, total liabilities of $188.5 million, and
stockholders' deficit of $184.4 million.

A copy of the Debtors' monthly operating report for the month of
February 2010 is available for free at:

       http://bankrupt.com/misc/ppiholdings.februarymor.pdf

Headquartered in Rochester Hills, Michigan, Precision Parts
International Services Corp. -- http://www.precisionparts.com/--
sells products to major north American automotive and non-
automotive original equipment manufacturers and Tier 1 and 2
suppliers.  PPI and its units operate six manufacturing facilities
throughout north America, including a facility in Mexico operated
on their behalf by Intermex Manufactura de Chihuahua under a
shelter and logistics agreement.

The Company and eight of its affiliates filed for Chapter 11
protection on December 12, 2008 (Bankr. D. Del. Lead Case No.
08-13289).  Attorneys at Pepper Hamilton LLP are bankruptcy
counsel to the Debtors.  Alvarez & Marsal North America LLC is the
Debtor's financial advisors and Kurtzman Carson Consultants LLC is
the claims, noticing and balloting agent.  When PPI Holdings, Inc.
filed for protection from its creditors, it listed assets of
between $100 million and $500 million, and the same range of debt.


REFCO INC: Refco LLC Has $6,140,000 Cash at End of February
-----------------------------------------------------------
Albert Togut, the Chapter 7 Trustee overseeing the liquidation of
Refco, LLC's estate, filed with the U.S. Bankruptcy Court for the
Southern District of New York a monthly statement of cash
receipts and disbursements for the period from February 1 to 28,
2010.

The Chapter 7 Trustee reported that Refco LLC's beginning balance
in its Money Market account with Union Bank, totaled $6,468,000
as of February 1.

During the Reporting Period, Refco LLC received a total of $6,000
in interest income and other receivables.  No transfers were
made, Mr. Togut noted.

Refco LLC held $6,140,000 at the end of the period.

                          Refco, LLC
          Schedule of Cash Receipts and Disbursements
      Through union Bank Money Market and Checking Accounts
               February 1 through February 28, 2010

Beginning Balance, February 1, 2010                   $6,468,000

RECEIPTS
Interest Income                                            1,000
Sale of Assets                                                 0
Marshalling of Excess Capital                                  0
Man Financial - Excess Capital return                          0
Membership and Clearing Deposits                               0
Other Receivables                                          5,000
                                                   -------------
TOTAL RECEIPTS                                            6,000

TRANSFERS
Transfer funds to Union Bank                                   0
                                                   -------------
TOTAL TRANSFERS                                               0

DISBURSEMENTS
Operating expenses & other disbursements                  10,000
Executory contract cure payments                               0
Pursuant to payment stipulation                                0
Purchase price escrow deposit                                  0
Expected account escrow fund                                   0
Membership & clearing deposits                                 0
Payment on account of prepetition claims                 324,000
Other disbursements                                            0

Reorganization Expenses
Attorney fees                                                 0
Trustee bond premium                                          0
Other professional fee                                        0
                                                   -------------
TOTAL DISBURSEMENTS                                     334,000
                                                   -------------
Ending Balance, February 28, 2010                     $6,140,000
                                                   =============

                         About Refco Inc.

Headquartered in New York, Refco Inc. -- http://www.refco.com/--
was a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries were members of
principal U.S. and international exchanges, and were among the
most active members of futures exchanges in Chicago, New York,
London and Singapore.  Refco was also a major broker of cash
market products, including foreign exchange, foreign exchange
options, government securities, domestic and international
equities, emerging market debt, and OTC financial and commodity
products.  Refco was one of the largest global clearing firms for
derivatives.  The Company had operations in Bermuda.

The Company and 23 of its affiliates filed for Chapter 11
protection on October 17, 2005 (Bankr. S.D.N.Y. Case No. 05-
60006).  J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher
& Flom LLP, represented the Debtors in their restructuring
efforts.  Milbank, Tweed, Hadley & McCloy LLP, represented the
Official Committee of Unsecured Creditors.  Refco reported
US$16.5 billion in assets and US$16.8 billion in debts to the
Bankruptcy Court on the first day of its Chapter 11 cases.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on December 15, 2006.  That Plan became effective on Dec. 26,
2006.  Pursuant to the plan, RJM, LLC, was named plan
administrator to reorganized Refco, Inc. and its affiliates, and
Marc S. Kirschner as plan administrator to Refco Capital Markets,
Ltd.

Bankruptcy Creditors' Service, Inc., publishes Refco Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings undertaken
by Refco Inc. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


SHARPER IMAGE: Ends March 2010 With $4,214,994 Cash
---------------------------------------------------
TSIC, Inc., formerly known as The Sharper Image Corporation, filed
with the U.S. Bankruptcy Court for the District of Delaware on
April 19, 2010, its monthly operating report for March 2010.

TSIC ended March 2010 with $4,214,994 in unrestricted cash and
equivalents.  TSIC paid a total of $5,000 in professional fees
during the month.

TSIC reported a net loss of $91,013 for the month.

At March 31, 2010, TSIC had $7,885,774 in total assets,
($99,311,265) in total liabilities, and $91,425,492 in net
owner's equity.

A full-text copy of TSIC's March 2010 monthly operating report
is available at no charge at http://researcharchives.com/t/s?631d

Headquartered in San Francisco, California, Sharper Image Corp. --
http://www.sharperimage.com/-- was a multi-channel specialty
retailer.  It operated in three principal selling channels: the
Sharper Image specialty stores throughout the U.S., the Sharper
Image catalog and the Internet.  The Company has operations in
Australia, Brazil and Mexico.  In addition, through its Brand
Licensing Division, it was also licensing the Sharper Image brand
to select third parties to allow them to sell Sharper Image
branded products in other channels of distribution.

The Company filed for Chapter 11 protection on February 19, 2008
(Bankr. D. Del. Case No. 08-10322).  Judge Kevin Gross presides
over the case.  Harvey R. Miller, Esq., Lori R. Fife, Esq., and
Christopher J. Marcus, Esq., at Weil, Gotshal & Manges, LLP,
serve as the Debtor's lead counsel.  Steven K. Kortanek, Esq.,
and John H. Strock, Esq., at Womble, Carlyle, Sandridge & Rice,
P.L.L.C., serve as the Debtor's local Delaware counsel.

An official committee of unsecured creditors has been appointed in
the case.  Cooley Godward Kronish LLP is the Committee's lead
bankruptcy counsel.  Whiteford Taylor Preston LLC is the
Committee's Delaware counsel.

When the Debtor filed for bankruptcy, it listed total assets of
$251,500,000 and total debts of $199,000,000.  As of June 30,
2008, the Debtor listed $52,962,174 in total assets and
$39,302,455 in total debts.

Sharper Image sought and obtained the Court's approval to change
its name to "TSIC, Inc." in relation to an Asset Purchase
Agreement by the Debtor with Gordon Brothers Retail Partners, LLC,
GB Brands, LLC, Hilco Merchant Resources, LLC, and Hilco Consumer
Capital, LLC.


SHARPER IMAGE: Ends April 2010 With $4,020,504 Cash
---------------------------------------------------
TSIC, Inc., formerly known as The Sharper Image Corporation, filed
with the U.S. Bankruptcy Court for the District of Delaware on
May 19, 2010, its monthly operating report for April 2010.

TSIC ended April 2010 with $4,020,504 in unrestricted cash and
equivalents.  TSIC paid a total of $22,886 in professional fees
and reimbursed a total of $20,760 in professional expenses during
the month.

TSIC reported a net loss of $148,791 for the month.

At April 30, 2010, TSIC had $7,605,755 in total assets,
($99,180,039) in total liabilities, and $91,574,284 in net
owner's equity.

A full-text copy of TSIC's April 2010 monthly operating report
is available at no charge at http://researcharchives.com/t/s?631c

Headquartered in San Francisco, California, Sharper Image Corp. --
http://www.sharperimage.com/-- was a multi-channel specialty
retailer.  It operated in three principal selling channels: the
Sharper Image specialty stores throughout the U.S., the Sharper
Image catalog and the Internet.  The Company has operations in
Australia, Brazil and Mexico.  In addition, through its Brand
Licensing Division, it was also licensing the Sharper Image brand
to select third parties to allow them to sell Sharper Image
branded products in other channels of distribution.

The Company filed for Chapter 11 protection on February 19, 2008
(Bankr. D. Del. Case No. 08-10322).  Judge Kevin Gross presides
over the case.  Harvey R. Miller, Esq., Lori R. Fife, Esq., and
Christopher J. Marcus, Esq., at Weil, Gotshal & Manges, LLP,
serve as the Debtor's lead counsel.  Steven K. Kortanek, Esq.,
and John H. Strock, Esq., at Womble, Carlyle, Sandridge & Rice,
P.L.L.C., serve as the Debtor's local Delaware counsel.

An official committee of unsecured creditors has been appointed in
the case.  Cooley Godward Kronish LLP is the Committee's lead
bankruptcy counsel.  Whiteford Taylor Preston LLC is the
Committee's Delaware counsel.

When the Debtor filed for bankruptcy, it listed total assets of
$251,500,000 and total debts of $199,000,000.  As of June 30,
2008, the Debtor listed $52,962,174 in total assets and
$39,302,455 in total debts.

Sharper Image sought and obtained the Court's approval to change
its name to "TSIC, Inc." in relation to an Asset Purchase
Agreement by the Debtor with Gordon Brothers Retail Partners, LLC,
GB Brands, LLC, Hilco Merchant Resources, LLC, and Hilco Consumer
Capital, LLC.


SMURFIT-STONE: Reports $21,684,000 Net Loss for March
-----------------------------------------------------
              Smurfit-Stone Container Corporation
                     Combined Balance Sheet
                      As of March 31, 2010

                             ASSETS

Current Assets:
Cash                                              $683,818,000
Restricted cash                                     22,391,000
Receivables                                        676,634,000
Receivables for alternative energy tax credits      10,500,000
Inventories                                        451,823,000
Refundable income taxes                             24,273,000
Prepaid expenses and others                         44,792,000
                                                ---------------
    Total current assets                          1,914,231,000

Net property                                       2,996,568,000
Timberlands, less depletion                            2,269,000
Deferred income taxes                                 21,885,000
Investments in and advances to non-Debtor             79,234,000
  affiliates
Other assets                                          60,194,000
                                                 ---------------
Total assets                                      $5,074,381,000
                                                 ===============

                 LIABILITIES & EQUITY (DEFICIT)

Liabilities Not Subject to Compromise:
Current liabilities:
  Current maturities of long-term debt            $1,348,426,000
  Accounts payable                                   446,064,000
  Accrued compensation and payroll taxes             137,649,000
  Interest payable                                    13,948,000
  Income taxes payable                                         -
  Current deferred taxes                                       -
  Other current liabilities                          139,260,000
                                                 ---------------
     Total current liabilities                     2,085,347,000

Other long-term liabilities                          118,818,000
                                                 ---------------
Total liabilities not subject to compromise        2,204,165,000

Liabilities subject to compromise                  4,306,615,000
                                                 ---------------
Total liabilities                                  6,510,480,000

Total stockholders' equity (deficit)              (1,436,399,000)
                                                 ---------------
Total liabilities & stockholders' equity          $5,074,381,000
                                                 ===============

              Smurfit-Stone Container Corporation
                Combined Statement of Operations
               For the month ended March 31, 2010

Net sales                                           $532,923,000

Costs and expenses:
Cost of goods sold                                   474,991,000
Selling and administrative expenses                   46,073,000
Restructuring charges                                  3,300,000
(Gain)loss on disposal of assets                         (58,000)
Other operating income                               (10,500,000)
                                                 ---------------
Income(Loss) from operations                          19,117,000

Other income (expense):
Interest expense, net                                 (4,344,000)
DIP debt issuance costs                                        -
Loss on early extinguishment of debt                           -
Equity in gains (losses) of non-debtor affiliates        100,000
Foreign currency exchange losses                      (6,300,000)
Other, net                                              (232,000)
                                                 ---------------
Income(Loss) before reorganization items and           8,341,000
  taxes

Reorganization items:
  Professional fees                                   (5,000,000)
  Provision for executory contracts & leases         (25,900,000)
  Accounts payable settlement gains                      992,000
  Reversal of postpetition unsecured interest                  -
     expense
                                                 ---------------
Reorganizational items, net                          (29,908,000)

Income (loss) before income taxes                    (21,567,000)
Benefit from income taxes                               (117,000)
                                                 ---------------
Net Income(Loss)                                    ($21,684,000)
                                                 ===============

              Smurfit-Stone Container Corporation
             Schedule of Receipts and Disbursements
               For the month ended March 31, 2010

Beginning cash balance                              $683,772,000

Total receipts                                       595,929,000

Disbursements:
  Payroll & benefits                                 (95,244,000)
  Professional fees                                   (6,810,000)
  Interest                                            (2,451,000)
  DDIC on Exit Credit Facilities                        (537,000)
  Capital expenditures                               (13,701,000)
  Repayment of debt                                     (570,000)
  Other disbursements                               (454,179,000)
                                                 ---------------
Total disbursements                                 (573,492,000)

Ending cash balance                                 $706,209,000
                                                 ===============

A full-text copy of the Debtors' March 2010 Operating Report
is available for free at:

           http://bankrupt.com/misc/SmrftMar10MOR.pdf

                      About Smurfit-Stone

Smurfit-Stone Container Corp. -- http://www.smurfit-stone.com/--
is one of the leading integrated manufacturers of paperboard and
paper-based packaging in North America and one of the world's
largest paper recyclers.  The Company operates 162 manufacturing
facilities that are primarily located in the United States and
Canada.  The Company also owns roughly one million acres of
timberland in Canada and operates wood harvesting facilities in
Canada and the United States.  The Company employs roughly 21,250
employees, 17,400 of which are based in the United States.  For
the quarterly period ended September 30, 2008, the Company
reported roughly US$7.450 billion in total assets and
US$5.582 billion in total liabilities on a consolidated basis.

Smurfit-Stone and its U.S. and Canadian subsidiaries filed for
Chapter 11 protection on January 26, 2009 (Bankr. D. Del. Lead
Case No. 09-10235).  Certain of the company's affiliates,
including Smurfit-Stone Container Canada Inc., a wholly owned
subsidiary of SSCE, and certain of its affiliates, filed to
reorganize under the Companies' Creditors Arrangement Act in the
Ontario Superior Court of Justice in Canada.

Smurfit-Stone joined pulp- and paper-related bankruptcies as
rising Internet use hurts magazines and newspapers.  Corporacion
Durango SAB, Mexico's largest papermaker, sought U.S. bankruptcy
in October.  Quebecor World Inc., a magazine printer and Pope &
Talbot Inc., a pulp-mill operator, also sought cross-border
bankruptcies for their operations in the U.S. and Canada.

James F. Conlan, Esq., Matthew A. Clemente, Esq., Dennis M.
Twomey, Esq., and Bojan Guzina, Esq., at Sidley Austin LLP, in
Chicago, Illinois; and Robert S. Brady, Esq., and Edmon L. Morton,
Esq., at Young Conaway Stargatt & Taylor in Wilmington, Delaware,
serve as the Debtors' bankruptcy counsel.  PricewaterhouseCoopers
LLC, serves as the Debtors' financial and investment consultants.
Lazard Freres & Co. LLC acts as the Debtors' investment bankers.
Epiq Bankruptcy Solutions LLC acts as the Debtors' notice and
claims agent.

Bankruptcy Creditors' Service, Inc., publishes Smurfit-Stone
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
and ancillary foreign proceedings undertaken by Smurfit-Stone
Container Corp. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


STATION CASINOS: Reports $5,693,000 Net Loss for February
---------------------------------------------------------
          STATION CASINOS, INC. AND CERTAIN DEBTORS
                  CONDENSED BALANCE SHEET
                  As of February 28, 2010

ASSETS
Cash and cash equivalents                             $3,312,000
Restricted Cash                                       10,336,000
Accounts and notes receivable                         19,044,000
Interco (payables) receivables                      (819,161,000)
Prepaid expenses                                       4,518,000
Inventory                                                 15,000
Deferred tax asset, current                              114,000
                                                  --------------
  Total current assets                              (781,822,000)
                                                 ---------------
Property, plant & equipment                           93,588,000
Land held for development                                      0
Intangible assets                                      2,485,000
Debt issuance costs                                            0
Other assets                                          71,030,000
Investments in subsidiaries                        4,118,794,000
Long-term deferred tax asset                          42,812,000
                                                  --------------
  Total Assets                                    $3,546,887,000
                                                  ==============

LIABILITIES
Debtor-in-possession financing                      $244,897,000
Current portion of LT debt                                     0
Accounts payable                                         447,000
Accrued expenses and liabilities                      13,552,000
Accrued FIT payable                                   (2,648,000)
Accrued interest payable                               1,707,000
Payroll & related liabilities                          4,961,000
Swap market value, current                                     0
Deferred tax liability, current                        2,402,000
                                                  --------------
  Total current liabilities                          265,318,000
                                                  --------------
LT Debt less current portion                                   0
Long term accrued benefits                                     0
Deferred tax liability noncurrent                    215,246,000
Other liabilities                                      6,967,000
                                                  --------------
Total liabilities not subj. to
compromise                                          487,531,000
                                                 ---------------
Liabilities subject to compromise                  3,440,466,000
                                                 ---------------
  Total Liabilities                               3,927,997,000
                                                ---------------

Common stock                                             417,000
Restricted stock                                     318,965,000
Additional paid-in capital                         2,662,113,000
Retained earnings (deficit)                       (3,346,313,000)
Current year earnings (loss)                         (17,318,000)
Other comprehensive income                             1,026,000
                                                 ---------------
  Total stockholders' equity                        (381,110,000)
                                                 ---------------
  Total Liabilities and Equity                    $3,546,887,000
                                                 ===============

          STATION CASINOS, INC. AND CERTAIN DEBTORS
             CONDENSED STATEMENT OF OPERATIONS
           For The Month Ended February 28, 2010

Operating revenue:
Other                                                    $3,000
                                                 ---------------
Net revenue                                                3,000
Operating costs & expenses                             2,859,000
                                                 ---------------
EBITDAR                                               (2,856,000)
Land lease                                                     0
Earnings (losses) from JV's                                    0
                                                 ---------------
EBITDA                                                (2,856,000)
Depreciation                                             666,000
Amortization                                                   0
Severance                                                 77,000
Preopening expenses                                            0
                                                 ---------------
EBIT                                                  (3,599,000)
Cancelled debt offering costs                                  0
Early retirement of debt                                       0
Loss on lease termination                                      0
I/C Interest income                                      101,000
Interest income                                            1,000
Interest expense                                      (4,757,000)
Less: capitalized interest                             1,616,000
Interest expense - JV                                          0
Change in swap fair value                                      0
Gain (loss) on disposal                                        0
                                                 ---------------
Income before fees & inc. tax                         (6,638,000)
Management fees                                        1,916,000
Reorganization costs                                  (3,027,000)
Federal tax fees                                       2,056,000
                                                 ---------------
  Net Income (Loss)                                  ($5,693,000)
                                                 ===============

         STATION CASINOS, INC. AND CERTAIN DEBTORS
            CONDENSED STATEMENT OF CASH FLOWS
          For the Month Ended February 28, 2010

Cash flows from operating activities:
Net income (loss)                                    ($5,693,000)

Adjustment to reconcile net income to
net cash used in operating activities:
Depreciation and amortization                           666,000
Shared-based compensation                             1,154,000
Change in fair value of derivative
  instrument                                            (338,000)
Loss on disposal of assets                                    0
Loss on early retirement of debt                              0
Amortization of debt discount                                 0
Reorganization items                                  3,027,000
Change in assets and liabilities:
   Decrease (increase) in restricted
    cash                                                       0
   Decrease (increase) in accts. and
    notes receivable, net                                (61,000)
   Decrease (increase) in inventories
    & prepaid expenses                                   223,000
   Increase (decrease) deferred
    income taxes                                               0
   Increase (decrease) in liabilities
    subject to compromise                             (7,087,000)
   Increase (decrease) in accounts
    payable                                             (118,000)
   Increase in accrued interest                          600,000
   Increase in accrued expenses and
    other current liabilities                          8,885,000
   Increase in intercomp. payables                   (29,768,000)
Other, net                                               (14,000)
                                                 ---------------
   Total adjustments                                 (22,831,000)

Net cash provided by (used in)
operating activities, before
reorganization items                                (28,524,000)
                                                 ---------------
Cash used for Reorganization items                   (3,027,000)
                                                 ---------------
Net cash provided (used in)
  operating activities                               (31,551,000)
                                                 ---------------

Cash flows from investing activities:
Capital expenditures                                    301,000
Intangible assets                                             0
Proceeds intercompany sale of land                            0
Distribution from subsidiaries                          295,000
Native American development costs                             0
Other, net                                           (1,619,000)
                                                 ---------------
   Net cash provided by
    investing activities                              (1,023,000)
                                                 ---------------

Cash flows from financing activities:
Borrowings under DIP Financing                       26,153,000
Payments under term loan                                      0
Payments of debt issue costs                                  0
Capital contributions received                                0
Other, net                                                    0
                                                 ---------------
   Net cash provided by (used in)
    financing activities                              26,153,000
                                                 ---------------

Cash and cash equivalents:
Increase in cash and cash equivalents                (6,421,000)
Balance, beginning period                             9,733,000
                                                 ---------------
Balance, end of period                               $3,312,000
                                                 ===============

                     About Station Casinos

Station Casinos, Inc., is a gaming and entertainment company that
currently owns and operates nine major hotel/casino properties
(one of which is 50% owned) and eight smaller casino properties
(three of which are 50% owned), in the Las Vegas metropolitan
area, as well as manages a casino for a Native American tribe.

The Company owns and operates Red Rock Casino Resort Spa, Palace
Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe
Station Hotel & Casino, Wildfire Rancho and Wild Wild West
Gambling Hall & Hotel in Las Vegas, Nevada, Texas Station Gambling
Hall & Hotel and Fiesta Rancho Casino Hotel in North Las Vegas,
Nevada, and Sunset Station Hotel & Casino, Fiesta Henderson Casino
Hotel, Wildfire Boulder, Gold Rush Casino and Lake Mead Casino in
Henderson, Nevada.  Station also owns a 50% interest in Green
Valley Ranch Station Casino, Aliante Station Casino and Hotel,
Barley's Casino & Brewing Company, The Greens and Wildfire Lanes
in Henderson, Nevada and a 6.7% interest in the joint venture that
owns the Palms Casino Resort in Las Vegas, Nevada.  In addition,
the Company manages Thunder Valley Casino near Sacramento,
California on behalf of the United Auburn Indian Community.

Station Casinos Inc., together with its affiliates, filed for
Chapter 11 on July 28, 2009 (Bankr. D. Nev. Case No. 09-52477).
Station Casinos has hired Milbank, Tweed, Hadley & McCloy LLP as
legal counsel in the Chapter 11 case; Brownstein Hyatt Farber
Schreck, LLP, as regulatory counsel; and Lewis and Roca LLP as
local counsel.  The Debtor is also hiring Lazard Freres & Co. LLC
as investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the claims and noticing agent.

In its bankruptcy petition, Station Casinos said that it had
assets of $5,725,001,325 against debts of $6,482,637,653 as of
June 30, 2009.  About 4,378,929,997 of its liabilities constitute
unsecured or subordinated debt securities.

Bankruptcy Creditors' Service, Inc., publishes Station Casinos
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Station Casinos Inc. and its debtor-affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


TAYLOR-WHARTON: Reports $1.47 Million April Operating Loss
----------------------------------------------------------
Bill Rochelle at Bloomberg News reports that Taylor-Wharton
International LLC reported an operating loss of $1.47 million for
April on net revenue of $13.9 million.  The net loss was
$2.44 million.  Restructuring costs totaled $1.89 million.

Taylor-Wharton International, LLC, is the world's leading
technology, service and manufacturing network for gas applications
involving pressure vessels and precision valves.  Taylor-Wharton
International operates three complementary businesses from 16
manufacturing, sales, warehouse and service facilities in six
countries on four continents, and markets its products in over 80
countries worldwide.

The Company filed for Chapter 11 bankruptcy protection on
November 18, 2009 (Bankr. D. Del. Case No. 09-14089).  The Company
listed $10,000,001 to $50,000,000 in assets and $100,000,001 to
$500,000,000 in liabilities.

These affiliates of the Company also filed separate Chapter 11
petitions: Alpha One, Inc.; American Welding & Tank, LLC; Beta
Two, Inc.; Delta Four, Inc.; Epsilon Five, Inc.; Gamma Three,
Inc.; Sherwood Valve, LLC; Taylor-Wharton Intermediate Holdings
LLC; Taylor-Wharton International LLC; TW Cryogenics LLC; TW
Cylinders LLC; TW Express LLC; and TWI-Holding LLC.


TOUSA INC: Reports $10,745,227 Net Loss for April
-------------------------------------------------
                  TOUSA, INC., and Subsidiaries
                     Consolidated Balance Sheet
                      As of April 30, 2010

                             ASSETS
Cash and Cash Equivalents:
  Cash in bank                                    $489,733,844
  Cash equivalents (due from title company
     from closings)                                     76,350
Inventory:
  Deposits                                          10,751,996
  Land                                              53,565,771
  Residences completed and under construction       35,344,658
  Inventory not owned                                        -
                                               ---------------
                                                    99,662,425
Property and equipment, net                          1,719,517
Investments in unconsolidated joint ventures           600,000
Receivables from unconsolidated joint ventures               -
Accounts receivable                                 15,247,840
Other assets                                        27,795,439
Goodwill                                                     -
                                               ---------------
                                                   632,835,415

Net Assets of Financial Services                     4,684,300
                                               ---------------
Total Assets                                      $637,519,715
                                               ===============

               LIABILITIES & STOCKHOLDERS' EQUITY
Accounts payable and other liabilities            $273,911,440
Customer deposits                                    3,090,004
Obligations for inventory not owned                          -
Notes payable                                    1,616,449,596
Bank borrowings                                    194,413,120
                                               ---------------
Total Liabilities                                2,087,864,160

Stockholders' Equity:
  Preferred stock                                   29,201,350
  Common stock                                         596,042
  Additional paid in capital                       548,840,211
  Retained earnings                             (2,028,982,048)
                                               ---------------
Total Stockholders' Equity                      (1,450,344,445)
                                               ---------------
Total liabilities and Stockholders' Equity        $637,519,715
                                               ===============

                  TOUSA, INC., and Subsidiaries
              Consolidated Statement of Operations
               For the Period ended April 30, 2010

Revenues:
  Home sales                                        $1,078,450
  Land sales                                         2,545,550
                                               ---------------
                                                     3,624,000

Cost of Sales:
  Home sales                                           912,896
  Land sales                                         6,915,765
                                               ---------------
                                                     7,828,661
                                               ---------------
Gross Profit                                        (4,204,661)

Total selling, general and admin expenses            4,239,496
Income (loss) from joint ventures, net                (141,627)
Interest expense, net                                1,883,515
Other (income) expense, net                             24,806
                                               ---------------
Homebuilding pretax income (loss)                  (10,494,105)

Equity in Financial services pretax income (loss)      (11,340)

Income (loss) before income taxes                  (10,505,445)
Provision (benefit) for income taxes                   239,782
                                               ---------------
Net Income (loss)                                 ($10,745,227)
                                               ===============

                  TOUSA, INC. and Subsidiaries
       Consolidated Schedule of Receipts and Disbursements
               For the Period Ended April 30, 2010

Funds at beginning of period                      $489,034,635

RECEIPTS
  Cash sales                                         3,716,956
  Accounts receivable                                  324,076
  Other receipts                                     3,181,278
                                               ---------------
Total receipts                                       7,222,310
                                               ---------------
Total funds available for operations               496,256,945

DISBURSEMENTS
  Advertising                                                -
  Bank charges                                             100
  Contract labor                                       231,706
  Fixed asset payments                                       -
  Insurance                                              1,347
  Inventory payments                                   868,698
  Leases                                                 9,970
  Manufacturing supplies                                     -
  Office supplies                                       63,451
  Payroll - net                                      1,404,479
  Professional fees (accounting and legal)           1,675,617
  Rent                                                 186,776
  Repairs & maintenance                                  3,674
  Secured creditor payments                          1,238,183
  Taxes paid - payroll                                  28,459
  Taxes paid - sales & use                               2,176
  Taxes paid - other                                   620,192
  Telephone                                             12,097
  Travel & entertainment                                14,028
  U.S. Trustee quarterly fees                            6,925
  Utilities                                             13,996
  Vehicle expenses                                          34
  Other operating expenses                             141,193
                                               ---------------
Total disbursements                                  6,523,101
                                               ---------------
Ending Balance                                    $489,733,844
                                               ===============

                        About Tousa Inc.

Headquartered in Hollywood, Florida, TOUSA Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A.
Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P.,
TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder
in the United States, operating in various metropolitan markets in
10 states located in four major geographic regions: Florida, the
Mid-Atlantic, Texas, and the West.

The Debtor and its debtor-affiliates filed for separate Chapter 11
protection on January 29, 2008 (Bankr. S.D. Fla. Case No. 08-
10928).  The Debtors have selected M. Natasha Labovitz, Esq.,
Brian S. Lennon, Esq., Richard M. Cieri, Esq., and Paul M. Basta,
Esq., at Kirkland & Ellis LLP; and Paul Steven Singerman, Esq., at
Berger Singerman, to represent them in their restructuring
efforts.  Lazard Freres & Co. LLC is the Debtors' investment
banker.  Ernst & Young LLP is the Debtors' independent auditor and
tax services provider.  Kurtzman Carson Consultants LLC acts as
the Debtors' Notice, Claims & Balloting Agent.

TOUSA's direct subsidiary, Beacon Hill at Mountain's Edge LLC dba
Eagle Homes, filed for Chapter 11 Protection on July 30, 2008
(Bankr. S.D. Fla. Case No. 08-20746).  It listed assets between
$1 million and $10 million, and debts between $1 million and
$10 million.


TRIBUNE CO: Has $34,194,000 Net Income for Month Ended March 28
---------------------------------------------------------------
                     Tribune Company, et al.
                Condensed Combined Balance Sheet
                       As of March 28, 2010

ASSETS

Current Assets:
  Cash and cash equivalents                         $774,989,000
  Accounts receivable, net                           425,125,000
  Inventories                                         23,116,000
  Broadcast rights                                   188,878,000
  Prepaid expenses and other                         184,124,000
                                                  --------------
Total current assets                               1,596,232,000

Property, plant and equipment, net                 1,000,975,000

Other Assets:
  Broadcast rights                                   119,745,000
  Goodwill & other intangible assets                 800,775,000
  Prepaid pension costs                                1,818,000
  Investments in non-debtor units                  1,515,179,000
  Other investments                                   41,017,000
  Intercompany receivables from non-debtors        3,168,114,000
  Restricted cash                                    716,730,000
  Other                                               72,064,000
                                                  --------------
Total Assets                                      $9,032,649,000
                                                  ==============

LIABILITIES & SHAREHOLDERS' EQUITY

Current Liabilities:
  Current portion of broadcast rights                $99,240,000
  Current portion of long-term debt                    6,240,000
  Accounts payable, accrued expenses, and other      359,688,000
                                                  --------------
Total current liabilities                            465,168,000

Pension obligations                                  182,299,000
Long-term broadcast rights                            56,999,000
Long-term debt                                         8,091,000
Other obligations                                    198,953,000
                                                  --------------
Total Liabilities                                    911,510,000

Liabilities Subject to Compromise:
  Intercompany payables to non-debtors             3,452,203,000
  Obligations to third parties                    13,270,021,000
                                                  --------------
Total Liabilities Subject to Compromise           16,722,224,000

Shareholders' Equity (Deficit)                    (8,601,085,000)
                                                  --------------
Total Liabilities & Shareholders' Equity(Deficit) $9,032,649,000
                                                  ==============

                     Tribune Company, et al.
          Condensed Combined Statement of Operations
       For the Period From March 1, 2010 to March 28, 2010

Total Revenue                                      $238,839,000

Operating Expenses:
  Cost of sales                                     125,898,000
  Selling, general and administrative                61,763,000
  Depreciation                                       12,370,000
  Amortization of intangible assets                   1,118,000
                                                 --------------
Total operating expenses                            201,149,000
                                                 --------------
Operating Profit (Loss)                              37,690,000
                                                 --------------
Net income on equity investments                        870,000
Interest income, net                                   (666,000)
Management fee                                       (1,431,000)
Non-operating loss, net                               5,993,000
                                                 --------------
Income (loss) before income taxes & Reorg. Costs     42,456,000
Reorganization costs                                 (7,558,000)
                                                 --------------
Income (loss) before income taxes                    34,898,000
Income taxes                                           (704,000)
                                                 --------------
Income (loss) from continuing operations             34,194,000
Income from discontinued operations, net of tax               0
                                                 --------------
Net Income (Loss)                                   $34,194,000
                                                 ==============

                     Tribune Company, et al.
           Combined Schedule of Operating Cash Flow
        For the Period March 1, 2010 to March 28, 2010

Beginning Cash Balance                           $1,396,116,000

Cash Receipts:
  Operating receipts                                254,442,000
  Other                                                       0
                                                 --------------
Total Cash Receipts                                 254,442,000

Cash Disbursements
  Compensation and benefits                          75,163,000
  General disbursements                             111,742,000
  Reorganization related disbursements                1,674,000
                                                 --------------
Total Disbursements                                 188,578,000
                                                 --------------
Debtors' Net Cash Flow                               65,864,000

From/(To) Non-Debtors                                 7,372,000
                                                 --------------
Net Cash Flow                                        73,236,000
Other                                                (1,394,000)
                                                 --------------
Ending Available Cash Balance                    $1,467,959,000
                                                 ==============

                        About Tribune Co.

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on Dec. 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors proposed Sidley Austion LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. and Alvarez & Marsal North Americal LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of Dec. 8, 2008, the Debtors have $7,604,195,000 in total assets
and $12,972,541,148 in total debts.

Bankruptcy Creditors' Service, Inc., publishes Tribune Bankruptcy
News.  The newsletter tracks the chapter 11 proceeding undertaken
by Tribune Company and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


TRONOX INC: Reports $4,600,000 Net Income for April
---------------------------------------------------
Bill Rochelle at Bloomberg News reported that Tronox Inc. filed
an operating report for April showing $4.6 million of net income
on net sales of $55.7 million.  Operating income was also
$4.6 million.

Tronox in March largely defeated a motion to dismiss a lawsuit in
bankruptcy court against former parent Kerr-McGee Corp. to recover
environmental remediation costs imposed on Tronox when it was spun
off in March 2006.  Anadarko Petroleum Corp., which acquired Kerr-
McGee for $18.4 billion in August 2006, is also a defendant.

            TRONOX INCORPORATED CHAPTER 11 DEBTORS
       Unaudited Condensed Consolidated Balance Sheet
                      As of April 30, 2010

ASSETS
Cash and cash equivalents                           $73,200,000
Notes and accounts receivable intercompany          360,300,000
Accounts receivable, third parties                   95,900,000
Inventories, net                                     95,600,000
Prepaid and other assets                            127,100,000
Income tax receivable                                   500,000
Deferred income taxes                                 2,500,000
                                                ----------------
Total Current Assets                                755,100,000

Property, plant and equipment, net                  170,400,000
Notes and advances receivable, intercompany         111,900,000
Other long-term assets                              374,800,000
                                                ----------------
Total Assets                                      $1,412,200,000
                                                ================

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable, third parties                     $53,700,000
Accrued liabilities                                 128,200,000
Long-term debt due within one year                    2,500,000
Income taxes payable                                    700,000
Long-term debt classified as current                          0
                                                ----------------
Total Current Liabilities                           185,100,000

Noncurrent liabilities:
Deferred income taxes                                 4,600,000
Environmental remediation and restoration            95,200,000
Long-term Debt                                      422,500,000
Notes and advances payable, intercompany              9,700,000
Other                                               125,300,000
                                                ----------------
Total Liabilities
  Not Subject to Compromise                          842,400,000

Minority Interest                                     3,400,000

Liabilities Subject to compromise                   436,200,000

Commitments and contingencies                                 0

Stockholders' equity
Common stock                                            400,000
Capital in excess of par value                      496,500,000
Retained earnings (accumulated deficit)            (322,900,000)
Accumulated other comprehensive
  income                                             (36,600,000)
Treasury stock, at cost                              (7,200,000)
                                                ----------------
Total Stockholders' Equity                          130,200,000
                                                ----------------
Total Liabilities and Stockholders' Equity        $1,412,200,000
                                                ================

            TRONOX INCORPORATED CHAPTER 11 DEBTORS
  Unaudited Condensed Consolidated Statement of Operations
                   Month Ended April 30, 2010

Net Sales                                            $55,700,000
Cost of goods sold                                    43,000,000
                                                ----------------
Gross margin                                         12,700,000
Selling, general and admin. Expenses                   1,500,000
Gain on land sales                                             0
Impairment of goodwill                                         0
Restructuring charges                                          0
Provision for doubtful notes and accounts                      0
                                                ----------------
                                                      11,200,000

Interest and debt expense                              4,200,000
Other (income) expense, net                           (1,800,000)
Reorganization items                                   4,600,000
                                                ----------------
Income (loss) from continuing operations
before income taxes                                   4,200,000

Income tax provision (benefit)                                 -
                                                ----------------
Income (loss) from continuing operations               4,200,000

Income (loss) from discontinued operations,
net of tax                                              400,000
                                                ----------------
Net income (loss)                                     $4,600,000
                                                ================

The Debtors disclosed that for the month ended April 30, 2010,
they paid a total of $3,899,103 to their professionals with
Kirkland & Ellis LLP, their counsel, getting $1,153,878, and
Milbank, Tweed, Hadley & McCloy LLP, counsel to an ad hoc
committee of the Debtors' bondholders, getting $1,305,564 of the
total amount.

A full-text copy of the April 2010 MOR is available for free
at http://bankrupt.com/misc/tronoxapr2010mor.pdf

               Amended March Operating Report

Tronxo Inc. and its units have submitted an amended March 2010
operating report to report on the amounts they paid to
professionals.  The Debtors disclose that for the month ended
March 31, 2010, they paid a total of $1,841,158 to nine
professionals, with their counsel, Kirkland & Ellis LLP getting
$942,105 of the total amount paid.

A copy of the Amended March 2010 Operating Report is available for
free at http://bankrupt.com/misc/TrnxAmdMar2010MOR.pdf

                         About Tronox Inc.

Tronox Inc., aka New-Co Chemical, Inc., and 14 other affiliates
filed for Chapter 11 protection on January 13, 2009 (Bankr.
S.D.N.Y. Case No. 09-10156).  The case is before Hon. Allan L.
Gropper. Richard M. Cieri, Esq., Jonathan S. Henes, Esq., and
Colin M. Adams, Esq., at Kirkland & Ellis LLP in New York,
represent the Debtors.  The Debtors also tapped Togut, Segal &
Segal LLP as conflicts counsel; Rothschild Inc. as investment
bankers; Alvarez & Marsal North America LLC, as restructuring
consultants; and Kurtzman Carson Consultants serves as notice and
claims agent.

An official committee of unsecured creditors and an official
committee of equity security holders have been appointed in the
cases.  The Creditors Committee has retained Paul, Weiss, Rifkind,
Wharton & Garrison LLP as counsel.

Until September 30, 2008, Tronox Inc. was publicly traded on the
New York Stock Exchange under the symbols TRX and TRX.B.  Since
then, Tronox Inc. has traded on the Over the Counter Bulletin
Board under the symbols TROX.A.PK and TROX.B.PK.  As of
December 31, 2008, Tronox Inc. had 19,107,367 outstanding shares
of class A common stock and 22,889,431 outstanding shares of class
B common stock.

Bankruptcy Creditors' Service, Inc., publishes Tronox Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding undertaken
by Tronox Inc. and its 14 affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


TRUMP ENTERTAINMENT: Posts $4.4 Million Net Loss in April
---------------------------------------------------------
On May 20, 2010, Trump Entertainment Resorts, Inc., and certain
of its direct and indirect subsidiaries filed their monthly
operating report for the month ended April 30, 2010, with the
United States Bankruptcy Court for the District of New Jersey in
Camden, New Jersey.

The Debtors reported a consolidated net loss of $4.4 million on
net revenues of $60.0 million for the period.

At April 30, the Debtors had $1.370 billion in total assets
and $2.099 in total liabilities.  Cash and cash equivalents were
roughly $62.7 million at April 30, 2010, compared with roughly
$60.6 million at the beginning of the period.

A full-text copy of the monthly operating report is available at
no charge at http://researcharchives.com/t/s?6308

Based in Atlantic City, New Jersey, Trump Entertainment Resorts
Inc. (NASDAQ: TRMP) -- http://www.trumpcasinos.com/-- owns and
operates three casino hotel properties in Atlantic City, New
Jersey, which include Trump Taj Mahal Casino Resort, Trump Plaza
Hotel and Casino, and Trump Marina Hotel Casino.  The Company
conducts gaming activities and provides customers with casino
resort and entertainment.

Donald Trump is a shareholder of the Company and, as its non-
executive Chairman, is not involved in the daily operations of the
Company.  The Company is separate and distinct from Mr. Trump's
privately held real estate and other holdings.

Trump Entertainment Resorts, TCI 2 Holdings, LLC, and other
affiliates filed for Chapter 11 on February 17, 2009 (Bankr. D.
N.J., Lead Case No. 09-13654).  The Company has tapped Charles A.
Stanziale, Jr., Esq., at McCarter & English, LLP, as lead counsel,
and Weil Gotshal & Manges as co-counsel.  Ernst & Young LLP is the
Company's auditor and accountant and Lazard Freres & Co. LLC is
the financial advisor.  Garden City Group is the claims agent.
The Company disclosed assets of $2,055,555,000 and debts of
$1,737,726,000 as of December 31, 2008.

Trump Hotels & Casino Resorts, Inc., filed for Chapter 11
protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898
through 04-46925).  Trump Hotels' obtained the Court's
confirmation of its Chapter 11 plan on April 5, 2005, and in May
2005, it exited from bankruptcy under the name Trump Entertainment
Resorts Inc.


WHITEHALL JEWELERS: Posts $494,000 Net Loss From Jan. 3 - Jan. 30
-----------------------------------------------------------------
Whitehall Jewelers Holdings, Inc. posted a net loss of $494,000
for the filing period January 3, 2010, to January 30, 2010.

At January 30, 2010, the Debtor had total assets of $3,487,000,
total liabilities of $102,851,000, and owner equity of
($99,364,000).

A full-text copy of Whitehall Jewelers' monthly operating report
is available for free at:

    http://bankrupt.com/misc/whitehalljewelers.januarymor.pdf

Headquartered in Chicago, Illinois, Whitehall Jewelers Holdings,
Inc. -- http://www.whitehalljewellers.com/-- through its
subsidiary, Whitehall Jewelers, Inc., operates as a specialty
retailer of fine jewelry in the United States.  It offers a
selection of merchandise, including diamonds, gold, precious and
semi-precious jewelry, and watches.  As of June 23, 2008, it
operated 373 stores in regional and super-regional shopping malls
under the names Whitehall and Lundstrom.

The Company and Whitehall Jewelers, Inc., filed for Chapter 11
relief on June 23, 2008 (Bankr. D. Del. Lead Case No. 08-11261).
Scott Rutsky, Esq., Peter Antoszyk, Esq., Adam T. Berkowitz, Esq.,
and Jesse I. Redlener, Esq., at Proskauer Rose LLP, represent the
Debtors as bankruptcy counsel.  James E. O'Neill, Esq., and Laura
Davis Jones, Esq., at Pachulski, Stang Ziehl & Jones, LLP,
represent the Debtors as Delaware counsel.  Epiq Bankruptcy
Solutions LLC is the claims, noticing and balloting agent.

In its schedules, Whitehall Jewelers, Inc., listed total assets of
$246,571,775 and total debts of $173,694,918.



                           *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers"
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard
C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez,
Philline Reluya, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2010.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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herein is obtained from sources believed to be reliable, but is
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