TCR_Public/100621.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, June 21, 2010, Vol. 14, No. 170

                            Headlines

121-06 MERRICK: Case Summary & 6 Largest Unsecured Creditors
30-32 OLIVER: Gets Interim Okay to Use Cash Collateral
ALABAMA ASPHALT: Case Summary & 17 Largest Unsecured Creditors
ALAN FULGENCIO: Case Summary & 3 Largest Unsecured Creditors
ALLEGIANT PROFESSIONAL: Transition Report Has Going Concern Doubt

AMERICAN CAPITAL: Amends Offer to Include Cash or Notes Option
AMERICAN MEDIA: S&P Cuts Rating to 'D' After Deferral of Payment
ARAMARK CORP: 2016 Debt Trades at 4% Off in Secondary Market
ARAMARK CORP: 2014 Debt Trades at 6% Off in Secondary Market
ARJEN GEIJSEL: Voluntary Chapter 11 Case Summary

AUTOZONE INC: Board OKs Add'l $500-Mil. Stock Repurchase
AUTOZONE INC: May 8 Balance Sheet Upside-Down by $461.9MM
AVISTAR COMMS: Stockholders Elect Six Nominees for Director
BAKERS FOOTWEAR: Posts $3.5 Million Net Loss for Q1 Ended May 1
BERWYN-LANCASTER: Voluntary Chapter 11 Case Summary

BIORELIANCE CORPORATION: Moody's Affirms 'B3' Corp. Family Rating
BRIDGE ASSOCIATES: Case Summary & 4 Largest Unsecured Creditors
CANWEST GLOBAL: Canada Court OKs Plan of Compromise
CANWEST GLOBAL: Copyright Lawsuit Has Tentative Settlement
CANWEST GLOBAL: Gluskin Says Lawsuit Not Covered by Stay
CANWEST GLOBAL: Shareholders Want Shaw Deal Rejected

CHABAD-LUBAVITCH: Loan Dispute Prompts Ch. 11 Bankruptcy Filing
CHEMTURA CORPORATION: Files Plan of Reorganization
CINCINNATI BELL: Fitch Downgrades Issuer Default Rating to 'B'
CITADEL BROADCASTING: S&P Withdraws 'D' Corporate Credit Rating
CITIGROUP INC: Plans to Raise >$3-Bil. for Own P/E & Hedge Funds

CONTECH CONSTRUCTION: Bank Debt Trades at 26% Off
COURTYARD PROPERTIES: Voluntary Chapter 11 Case Summary
COYOTES HOCKEY: Iced Edge Meets Proof of Financing Deadline
CRACKER BARREL: Bank Debt Trades at 3% Off in Secondary Market
CULLIGAN INTERNATIONAL: Bank Debt Trades at 19% Off

CYTOCORE INC: Posts $469,000 Net Loss in Q1 Ended March 31
DELPHI CORP: Methode Has Permission to Continue Infringement Suit
DENNY HECKER: $83 Mil. of Chrysler Debt Held Nondischargeable
DOLLAR THRIFTY: Completes New $300 Million Asset Backed Financing
DORAL ENERGY: Delays Filing of Form 10-Q for April 30 Quarter
DUBAI WORLD: Buyers Drop ISS Bid After DOJ Probe Unveiled

EAST WILLIAMSBURG: Case Summary & 3 Largest Unsecured Creditors
EIGEN INC: Kazi Financing Requires Sale by June 30
ENERGAS RESOURCES: Posts $77,600 Net Loss in Q1 Ended April 30
ENVIROSOLUTIONS HOLDINGS: 2nd Lien Lenders Object to Ch. 11 Plan
EUOKO GROUP: Delays Filing of Form 10-Q for Period Ended April 30

FELCOR LODGING: S&P Revises Outlook on 'B-' Rating to 'Stable'
FELIX M FHIMA: DIP Loan Hearing Continued Until June 23
FOOT LOCKER: Moody's Gives Stable Outlook, Affirms 'Ba3' Rating
FORD MOTOR: Bank Debt Trades at 6% Off in Secondary Market
FREDDIE MAC: Notifies NYSE of Plans to Delist Common Stock

FREESCALE SEMICON: Bank Debt Trades at 12% Off in Secondary Market
GARDNER DENVER: Moody's Raises Corporate Family Rating to 'Ba1'
GATEWAY REAL: Voluntary Chapter 11 Case Summary
GENERAL LAND: Gets Court's Interim Nod to Use Cash Collateral
GENERAL MOTORS: Withdraws Requests for Loan Guarantees in Europe

GREAT ATLANTIC: S&P Junks Corporate Credit Rating From 'B-'
GREAT ATLANTIC: German Retailer Discloses 52.7% Stake
GREAT ATLANTIC: BofA Holds Less Than 5% of Common Stock
GREAT LAKES: Oil Spill Won't Affect Moody's 'B2' Corp. Rating
GRAU CONTRACTING: Case Summary & 20 Largest Unsecured Creditors

GUADALUPE ARAMBULO: Case Summary & 5 Largest Unsecured Creditors
HCA INC: Bank Debt Trades at 5% Off in Secondary Market
HERCULES OFFSHORE: Bank Debt Trades at 14% Off in Secondary Market
HIBISCUS SUITES: Case Summary & 20 Largest Unsecured Creditors
HUTTLESTON HOUSE: Case Summary & 20 Largest Unsecured Creditors

INFOLOGIX INC: McGladrey & Pullen to Resign as Accountant
JAMES LAKE, SR: Case Summary & 20 Largest Unsecured Creditors
JAYHAWK ENERGY: Posts $2.3 Million Net Loss in Q2 Ended March 31
JEFF CLINE: Federal Judge Dismisses Chapter 11 Case
JERRY BOWSER: Case Summary & 20 Largest Unsecured Creditors

JESSE OROZCO, III: Case Summary & 17 Largest Unsecured Creditors
JOHN WITTRIG: Case Summary & 10 Largest Unsecured Creditors
JOSE SANTOS: Voluntary Chapter 11 Case Summary
K-V PHARMACEUTICAL: Says 10-K to Contain Going Concern Doubt
K-V PHARMACEUTICAL: Appoints New Independent Member to Board

LARRY HARTSFIELD: No Discharge for Improper Probate Payment
LAS VEGAS SANDS: Bank Debt Trades at 11% Off in Secondary Market
LATSHAW DRILLING: Can Access $7.7MM Cash Collateral Until July 30
LATSHAW DRILLING: Plan Confirmation Hearing Set for July 22
LATSHAW DRILLING: Asks for Aug. 31 Extension of Exclusive Period

LEAP WIRELESS: Grants Equity Awards to New Cricket Employees
LEVEL 3 COMMS: Bank Debt Trades at 11% Off in Secondary Market
LG GUIJARRO: Case Summary & 2 Largest Unsecured Creditors
LODGENET INTERACTIVE: S&P Affirms 'B-' Corporate Credit Rating
LUCKIE DUTCHMAN: Voluntary Chapter 11 Case Summary

MAGIC BRANDS: Luby Inc. Wins Auction with $63MM Cash Offer
MAJESTIC LIQUOR: Hearing on Further Cash Access on June 28
ME - BUFFALO, LLC: Case Summary & 20 Largest Unsecured Creditors
MGM MIRAGE: Changes Name to MGM Resorts; Amends Bylaws
MONEY TREE: Posts $1.2 Million Net Loss in Q2 Ended March 25

NEIMAN MARCUS: Bank Debt Trades at 7% Off in Secondary Market
NEW CUSTOMER SERVICE: Bank Debt Trades at 2% Off
NEVADA SECURITY BANK: Closed; Umpqua Bank Assumes All Deposits
NEWARK GROUP: Gets Court's Interim Okay to Obtain DIP Financing
NEWARK GROUP: Taps AlixPartners as Restructuring Advisor

NEWARK GROUP: Wants to Hire Deloitte as Independent Auditor
NEWARK GROUP: Wants Jefferies & Co. as Investment Banker
NORTHWEST AIRLINES: Plan Discharged Discrimination Claim
NRG ENERGY: Bank Debt Trades at 5% Off in Secondary Market
OMNICITY CORP: Posts $742,000 Net Loss in Q3 Ended April 30

PACIFIC ETHANOL: Issues Additional 497,728 Shares to Socius
PANAMSAT CORP: Bank Debts Trade at 7% Off in Secondary Market
PETCO ANIMAL: Bank Debt Trades at 5% Off in Secondary Market
PHOENIX COMPANIES: Moody's Downgrades Senior Debt Rating to 'B3'
PHOENIX EQUITY: Case Summary & Largest Unsecured Creditor

PRIME GROUP: Mortgage Lender Forecloses on Continental Towers
PROTECTED VEHICLES: Court Takes Jurisdiction over H.K. Resident
PROVIDENT ROYALTIES: Chapter 11 Trustee Wins Plan Confirmation
RABIA INC: Case Summary & 3 Largest Unsecured Creditors
RADIO ONE: Refinancing Cues Moody's Rating Upgrade to 'B3'

RADIO ONE: S&P Puts Junk Corp. Credit Rating on CreditWatch Pos.
RAMSEY HOLDINGS: Oklahoma Court Confirms Reorganization Plan
RAZA PROPERTIES: Case Summary & 3 Largest Unsecured Creditors
REALOGY CORP: Bank Debt Trades at 15% Off in Secondary Market
RHODES ASSOCIATES: Case Summary & 20 Largest Unsecured Creditors

ROBERT BRILLIANT: Case Summary & 20 Largest Unsecured Creditors
ROBERT GILBERT: Taps Burton & Armstrong as Bankruptcy Counsel
ROBERT GILBERT: Files Schedules of Assets and Liabilities
RYLAND GROUP: Fitch Affirms Issuer Default Rating at 'BB'
SAINT VINCENTS: Committee Proposes KCC as Communications Agent

SAINT VINCENTS: Committee Withdraws Request to Hire Houlihan
SAINT VINCENTS: M. Katzenstein Sues VIII SV556 for Secured Claim
SAINT VINCENTS: Wins OK for Loeb as Healthcare Advisor
SAKS INCORPORATED: Fitch Upgrades Issuer Default Rating to 'B'
SCOTT FISHER: Case Summary & 37 Largest Unsecured Creditors

SENSIVIDA MEDICAL: Morison Cogen Raises Going Concern Doubt
SIX FLAGS: Common Shares to Commence Trading on NYSE Under "SIX"
SMURFIT-STONE: Kramer Levin Bills $2.3 Mil. for Jan.-March Work
SOLO CUP: Fitch Affirms Issuer Default Rating at 'B-'
SOLYNDRA INC: Withdraws IPO Due to Adverse Market Conditions

SOUTH BAY: Imperial Resolves Lender Objection to Retention
SOUTH BAY: Wins Approval for Kirkland & Ellis as Counsel
SPIRIT CREEK: Case Summary & 6 Largest Unsecured Creditors
SPOT MOBILE: Posts $576,000 Net Loss for April 30 Quarter
STEAMBOAT CITY: Case Summary & 8 Largest Unsecured Creditors

SUN HEALTHCARE: Bank Debt Trades at 4% Off in Secondary Market
SUNGARD DATA: 2016 Debt Trades at 5% Off in Secondary Market
SUNGARD DATA: 2014 Debt Trades at 6% Off in Secondary Market
SUNOVIA ENERGY: Delays Filing of Form 10-Q for April 30 Quarter
SUZANNE LOBATO: Case Summary & 6 Largest Unsecured Creditors

SYNTAX-BRILLIAN: Trust to Settle 2 Suits Against Execs for $3M
TENET HEALTHCARE: Moody's Upgrades Corporate Family Rating to 'B2'
TEXAS CLASSIC: Chapter 11 Case Converted to Chapter 7
TERESA JOHNSON: Case Summary & 20 Largest Unsecured Creditors
TIME PROPERTIES: Case Summary & 10 Largest Unsecured Creditors

TIMOTHY SHEEHAN: Voluntary Chapter 11 Case Summary
TRIBUNE CO: Bank Debt Trades at 39% Off in Secondary Market
TRICO MARINE: Board Approves Salary Hike of Two Officials
TRICO MARINE: Shipping Unit Has Deal to Sell $50-Mil. in Notes
TRICO MARINE: Shipping Unit Wins Short Forbearance

TRONOX INC: Lenders Extend Deadline on $425M Bankruptcy Financing
UAL CORP: Stockholders Elect 7 Directors at Meeting
UAL CORP: United Reports May 2010 Traffic Results
UNIFRAX I: Moody's Upgrades Corporate Family Rating to 'B3'
UNIVAR NV: Bank Debt Trades at 5% Off in Secondary Market

VAN HUNTER: Exclusive Period to File Plan Moved to August 4
VISION SOLUTIONS: Moody's Assigns 'B1' Corporate Family Rating
VOUGHT AIRCRAFT: S&P Withdraws 'B' Corporate Credit Rating
WASHINGTON MUTUAL: Judge Delays Hearing on Examiner
WILLIAM WILSON: Case Summary & 20 Largest Unsecured Creditors

W.R. GRACE: Has Deal on Harper Insurance Coverage Disputes
W.R. GRACE: Has Deal on North Star Insurance Coverage Issues
W.R. GRACE: Wants to Re-Open Old Lawsuits for Fee Applications
WRS LLC: Case Summary & 20 Largest Unsecured Creditors

* BOND PRICING -- For Week From June 14 to 18, 2010


                            *********


121-06 MERRICK: Case Summary & 6 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: 221-06 Merrick Blvd. Associates LLC
        c/o BP Real Estate Investors, LLC
        141 Eltingville Boulevard
        Staten Island, NY 10312

Bankruptcy Case No.: 10-45657

Chapter 11 Petition Date: June 16, 2010

Court: U.S. Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Joel B. Rosenthal

Debtor's Counsel: Bruce Weiner, Esq.
                  Rosenberg Musso & Weiner LLP
                  26 Court Street, Suite 2211
                  Brooklyn, NY 11242
                  Tel: (718) 855-6840
                  Fax: (718) 625-1966
                  E-mail: rmwlaw@att.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

According to the schedules, the Company says that assets total
$7,015,000 while debts total $3,063,350.

A copy of the Company's list of 6 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/nyeb10-45657.pdf

The petition was signed by Myron Berman, managing member.


30-32 OLIVER: Gets Interim Okay to Use Cash Collateral
------------------------------------------------------
30-32 Oliver Street Corporation sought and obtained interim
authorization from the Hon. Joan N. Feeney of the U.S. Bankruptcy
Court for the District of Massachusetts to use cash collateral
until June 29, 2010.

The Debtor is an affiliate of SW Boston Hotel Venture, LLC,
General Trading Company, Frank Sawyer Corporation, 100 Stuart
Street LLC and Auto Sales & Service, Inc.  In December 2008, the
Debtor pledged certain of its assets as collateral for a loan from
The Prudential Insurance Company of America to SW Boston.

SW Boston is the owner of the W Boston Hotel and Residences
project.  To fund the construction of the project, SW Boston
borrowed funds from Prudential and the City of Boston.  As a
condition to the financing of the project, Prudential required
that the Debtor guaranty, among other things, SW Boston's
obligations to Prudential, and the City required that the Debtor
guaranty, among other things, SW Boston's obligations to the City.

D. Ethan Jeffery, Esq., at Hanify & King, P.C., the attorney for
the Debtor, explained that the Debtor needs the money to fund its
Chapter 11 case, pay suppliers and other parties.  The Debtor will
use the collateral pursuant to a budget, a copy of which is
available for free at:

         http://bankrupt.com/misc/30-32_OLVER_budget.pdf

In exchange for using the cash collateral, the Debtor will grant
the prepetition lenders replacement liens.

The Court has set a final hearing for June 29, 2010, at 1:30 p.m.
on the Debtor's request to use cash collateral.

                     About 30-32 Oliver Street

Boston, Massachusetts-based 30-32 Oliver Street Corporation owns
and operates a seven-unit residential building in Boston,
Massachusetts.  The Company -- including affiliates 131 Arlington
Street Trust and General Land Corporation -- filed for Chapter 11
bankruptcy protection on June 4, 2010 (Bankr. D. Mass. Case No.
10-16173).  Harold B. Murphy, Esq., at Hanify & King, P. C.,
assists the Company in its restructuring effort.  The Company
listed $1,000,001 to $10,000,000 in assets and $100,000,001 to
$500,000,000 in liabilities.

Affiliates 100 Stuart Street, LLC, Auto Sales & Service, Inc., /10
General Trading Company, and SW Boston Hotel Venture, LLC (Case
No. 10-14535) filed for Chapter 11 on April 28, 2010.


ALABAMA ASPHALT: Case Summary & 17 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Alabama Asphalt Haulers, LLC
        9121 Old Watermelon Road
        Tuscaloosa, AL 35406

Bankruptcy Case No.: 10-71368

Chapter 11 Petition Date: June 16, 2010

Court: United States Bankruptcy Court
       Northern District of Alabama (Tuscaloosa)

Debtor's Counsel: Harry P. Long, Esq.
                  P.O. Box 1468
                  Anniston, AL 36202
                  Tel: (256) 237-3266
                  E-mail: hlonglegal@aol.com

Scheduled Assets: $1,361,540

Scheduled Debts: $1,408,991

A list of the Company's 17 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/alnb10-71368.pdf

The petition was signed by Sheila Poe, company's president.


ALAN FULGENCIO: Case Summary & 3 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Alan Pagmanua Fulgencio
        1441 Greenwood Way
        San Bruno, CA 94066

Bankruptcy Case No.: 10-32252

Chapter 11 Petition Date: June 17, 2010

Court: United States Bankruptcy Court
       Northern District of California (San Francisco)

Judge: Dennis Montali

Debtor's Counsel: Kenneth R. Graham, Esq.
                  Law Office of Kenneth R. Graham
                  171 Mayhew Way #208
                  Pleasant Hill, CA 94523
                  Tel: (925) 932-0170
                  E-mail: krg@elaws.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 3 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-32252.pdf

The petition was signed by Alan Pagmanua Fulgencio.


ALLEGIANT PROFESSIONAL: Transition Report Has Going Concern Doubt
-----------------------------------------------------------------
Allegiant Professional Business Services, Inc., filed on June 16,
2010, a transition report on Form 10-KT for the transition period
from September 30, 2008, to December 31, 2008.

Weinberg & Company, P.A., in Los Angeles, Calif., expressed
substantial doubt about the Company's ability to continue as a
going concern.  The independent auditors noted that the Company
has experienced recurring losses since inception and has a working
capital and stockholders' deficiency.

The Company reported a net loss of $1,558,499 on $1,162,838 of
revenue for the three months ended December 31, 2008, compared
with a net loss of $51,091 on no revenue for the same period ended
December 31, 2007.

The Company's balance sheet as of December 31, 2008, showed
$3,127,940 in assets and $7,902,193 of liabilities, for a
stockholders' deficit of $4,774,253.

A full-text copy of the transition report is available for free at

            http://researcharchives.com/t/s?650b

Headquartered in San Diego, Calif., Allegiant Professional
Business Services, Inc. (Pinksheet: APRO) provides temporary
staffing and professional employer organization ("PEO") services.
In a PEO co-employment contract, the Company becomes the employer
of record for client company employees for tax and insurance
purposes.  The client company continues to direct the employees'
day-to-day activities, and Allegiant charges a service fee for
providing services.  On April 1, 2009, the Company's Board of
Directors approved a change in the Company's fiscal year from
September 30 to December 31.


AMERICAN CAPITAL: Amends Offer to Include Cash or Notes Option
--------------------------------------------------------------
American Capital Ltd. has made certain amendments to its private
offers to exchange its outstanding unsecured public and private
notes for cash payments and new secured notes.  No changes are
being made to the Company's standby plan of reorganization or to
the expiration of the Exchange Offers or the voting deadline for
the Standby Plan.

Under the amended terms of the Exchange Offers, holders of the
Company's privately-issued unsecured notes may now choose whether
to receive consideration all in cash or all in the previously
offered secured amortizing notes rather than choosing cash or
Amortizing Notes and there being a possibility of receiving a
combination of cash and Amortizing Notes.  In the concurrent
restructuring of the Company's line of credit facility, lenders
will now have the opportunity to choose to receive all cash or all
secured loans under an amended credit agreement.  Alternatively,
lenders selecting secured loans may elect to receive instead a new
series of secured amortizing notes, which will have the same terms
as the Amortizing Notes except that they will be subject to
certain transfer restrictions under SEC Rule 144A.  Holders of
Private Notes and lenders under the credit agreement who do not
make an election or otherwise do not participate in the
restructuring will now automatically receive cash, subject to
certain exceptions. As a result of these amendments, the Company
has also amended certain conditions to the Exchange Offers.

As previously announced, holders of the Company's unsecured
public 6.85% Senior Notes due August 1, 2012 have the right to
exchange Public Notes for a series of non-amortizing new notes.
Alternatively, they have the right to elect to receive cash, and
under the amended terms of the Exchange Offers, they are assured
of receiving solely cash rather than a combination cash and notes.

The Company also reported that the percentage of beneficial
holders of Public Notes who have entered into the previously
announced June 9, 2010 lock-up agreement has increased from 43% to
72%. Holders of Public Notes who are parties to the lock-up
agreement generally agree to tender their Public Notes in the
Exchange Offers and vote their Public Notes to accept the Standby
Plan, among other matters.

The Company has not extended the expiration time of the Exchange
Offers and the consent solicitation of its outstanding public
notes or the voting deadline of its solicitation of votes to
accept the Standby Plan.  The Exchange Offers, the Consent
Solicitation and the Standby Plan Solicitation will continue to
expire at 11:59 p.m., New York City time, on June 22, 2010, unless
further extended or earlier terminated.

Each holder of the Private Notes and Public Notes who has on or
prior to June 15, 2010, tendered its notes in the Exchange Offers
has the right to withdraw such tender at any time prior to the
scheduled expiration time on June 22, 2010, or to change a prior
election to receive cash or notes. Any creditor that has
previously submitted a properly completed ballot may change its
vote for acceptance or rejection of the Standby Plan at any time
prior to the new voting deadline on June 22, 2010, as the same may
be extended.
red.

                           Restructuring

American Capital is soliciting acceptances of (i) its offers to
exchange its outstanding unsecured public and private notes for
cash payments and new secured notes, and (ii) voting on a standby
plan of reorganization.  American Capital has stated that if it is
unable to restructure its debt through this exchange, it intends
to undertake a pre-packaged Chapter 11 bankruptcy restructuring
with the standby plan.  The consummation of the exchange offer
requires 85% of the public unsecured holders and 100% of private
unsecured holders to tender.


ACAS is undertaking this restructuring as, due to various covenant
violations, its debt holders have the right to accelerate maturity
of $2.4 billion of unsecured debt.  This is much greater than the
company's liquid assets.

                     About American Capital

Based in Bethesda, Maryland, American Capital, Ltd. (Nasdaq: ACAS)
-- http://www.AmericanCapital.com/-- is a publicly traded private
equity firm and global asset manager.  American Capital, both
directly and through its asset management business, originates,
underwrites and manages investments in middle market private
equity, leveraged finance, real estate and structured products.
Founded in 1986, American Capital currently has $13.9 billion in
capital resources under management and eight offices in the U.S.,
Europe and Asia.

The Company's balance sheet as of March 31, 2010, showed
$6.757 billion in assets, $4.231 billion in liabilities, and
$2.526 billion of shareholders' equity.


AMERICAN MEDIA: S&P Cuts Rating to 'D' After Deferral of Payment
----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating on Boca
Raton, Fla.-based American Media Inc. to 'D' from 'CCC.'

In addition, S&P lowered its issue-level rating on the company's
14% senior subordinated notes to 'D' from 'CC'.  The recovery
rating on this debt remains at '6', indicating S&P's expectation
of negligible (0% to 10%) recovery for lenders.

At the same time, S&P affirmed its rating on American Media's
secured loans at 'CCC+'.  The recovery rating on this debt remains
at '2', indicating S&P's expectation of substantial (70% to 90%)
recovery for lenders in the event of a payment default.

S&P also affirmed its rating on the company's 9% senior unsecured
pay-in-kind (PIK) notes at 'CC.' The recovery rating on this debt
remains at '6'.

The ratings downgrade reflects American Media's ongoing deferral
of its May 1, 2010 interest payment on the 14% notes.  The company
stated that 75% of noteholders consented that the May 1, 2010
interest payment be deferred until June 21, 2010.

A payment default has not occurred according to the legal
provision of the notes.  However, according to S&P's criteria, S&P
consider it a default when a payment related to an obligation is
not made, in the event that the nonpayment is a function of the
borrower being under financial stress and when S&P is not
confident that the payment will be made in full.

"S&P has taken this view because of American Media's high
leverage, weak interest coverage, adverse secular trends in
newspaper and magazine publishing, thin margin of compliance with
its financial covenants, and limited liquidity," noted Standard &
Poor's credit analyst Tulip Lim.

In the fourth quarter ended March 31, 2010, revenue fell 6% year
over year, while EBITDA increased 7%.  At March 31, 2010 American
Media's debt to EBITDA was extremely high, at 9.1x, including the
full face value of the PIK debt.  Unadjusted coverage of cash
interest was 2.2x.  In May and November of 2009, the company
gained some flexibility from agreements with holders of its 14%
subordinated notes due 2014, permitting it to pay all of its
interest on the notes in kind.  The company stated that 75% of its
14% senior subordinated noteholders consented that its May 1, 2010
interest payment be deferred until June 21, 2010.  Had the company
paid 10% interest on the notes in cash, EBITDA coverage of cash
interest would have been weak, at 1.3x.

American Media generated positive discretionary cash flow for the
year, but if EBITDA declines and noteholders do not permit it to
pay all of its interest on the 14% senior subordinated notes in
kind, discretionary cash flow could turn negative and liquidity
could contract further.  At March 31, 2010, the company had
$6.6 million in cash.  It had $39 million available for borrowing
under its $60 million revolving credit facility.  S&P views the
company's margin of compliance with financial covenants as thin
given near-term step-downs.


ARAMARK CORP: 2016 Debt Trades at 4% Off in Secondary Market
------------------------------------------------------------
Participations in a syndicated loan under which ARAMARK Corp. is a
borrower traded in the secondary market at 96.11 cents-on-the-
dollar during the week ended Friday, June 18, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents a drop of 0.88 percentage points
from the previous week, The Journal relates.  The Company pays 325
basis points above LIBOR to borrow under the facility, which
matures on July 1, 2016.  The bank note is not rated by Moody's
while it carries Standard & Poor's BB rating.  The debt is one of
the biggest gainers and losers among 184 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

ARAMARK Corp. -- http://www.aramark.com/-- is the world's #3
contract foodservice provider (behind Compass Group and Sodexo)
and the #2 uniform supplier (behind Cintas) in the US.  It offers
corporate dining services and operates concessions at many sports
arenas and other entertainment venues, while its ARAMARK
Refreshment Services unit is a leading provider of vending and
beverage services.  The Company also provides facilities
management services.  Through ARAMARK Uniform and Career Apparel,
the company supplies uniforms for healthcare, public safety, and
technology workers.  Founded in 1959, ARAMARK is owned by an
investment group led by chairman and CEO Joseph Neubauer.


ARAMARK CORP: 2014 Debt Trades at 6% Off in Secondary Market
------------------------------------------------------------
Participations in a syndicated loan under which ARAMARK Corp. is a
borrower traded in the secondary market at 93.88 cents-on-the-
dollar during the week ended Friday, June 18, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents a drop of 1.15 percentage points
from the previous week, The Journal relates.  The Company pays 188
basis points above LIBOR to borrow under the facility, which
matures on Jan. 26, 2014.  The bank debt is not rated by Moody's
and Standard & Poor's.  The debt is one of the biggest gainers and
losers among 184 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Friday.

ARAMARK Corp. -- http://www.aramark.com/-- is the world's #3
contract foodservice provider (behind Compass Group and Sodexo)
and the #2 uniform supplier (behind Cintas) in the US.  It offers
corporate dining services and operates concessions at many sports
arenas and other entertainment venues, while its ARAMARK
Refreshment Services unit is a leading provider of vending and
beverage services.  The Company also provides facilities
management services.  Through ARAMARK Uniform and Career Apparel,
the company supplies uniforms for healthcare, public safety, and
technology workers.  Founded in 1959, ARAMARK is owned by an
investment group led by chairman and CEO Joseph Neubauer.


ARJEN GEIJSEL: Voluntary Chapter 11 Case Summary
------------------------------------------------
Joint Debtors: Arjen Wilhelmus Geijsel
                 aka Wilhelmus Dairy
               Kimberly Kay Geijsel
                 fka Kimberly Kay Luckie
               4615 South FM 219
               Dublin, TX 76446

Bankruptcy Case No.: 10-43979

Chapter 11 Petition Date: June 15, 2010

Court: U.S. Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Russell F. Nelms

Debtor's Counsel: St. Clair Newbern, III, Esq.
                  Law Offices of St. Clair Newbern III, P.C
                  1701 River Run, Suite 1000
                  Fort Worth, TX 76107
                  Tel: (817) 870-2647
                  E-mail: filing@newbernlawoffice.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Joint Debtors did not file a list of creditors together with
its petition.

The petition was signed by the Joint Debtors.


AUTOZONE INC: Board OKs Add'l $500-Mil. Stock Repurchase
--------------------------------------------------------
AutoZone Inc. said in a statement that its Board of Directors
authorized the repurchase of an additional $500 million of the
Company's common stock in connection with its ongoing share
repurchase program.  Since the inception of the repurchase program
in 1998, and including the above amount, AutoZone's Board of
Directors has authorized $8.9 billion.

"AutoZone's strong financial performance has allowed us to
continue to repurchase our stock while maintaining our investment
grade credit ratings," said Bill Giles, Executive Vice President,
Chief Financial Officer, Information Technology and Store
Development.  "We remain committed to utilizing share repurchases
within the bounds of a disciplined capital structure to enhance
stockholder returns while maintaining adequate liquidity to
execute our plans."

                         About AutoZone

As of February 13, 2010, in Memphis, Tenn.-based AutoZone, Inc.
(NYSE:AZO) sells auto and light truck parts, chemicals and
accessories through 4,289 AutoZone stores in 48 U.S. states plus
the District of Columbia and Puerto Rico and 202 stores in Mexico.
AutoZone is a retailer and distributor of automotive replacement
parts and accessories in the United States.  AutoZone does not
derive revenue from automotive repair or installation.

As of February 14, 2010, the Company had $5,424,992,000 in total
assets, including $2,648,713,000 in total current assets; against
total current liabilities of $2,749,324,000; debt of
$2,774,700,000; and other liabilities of $322,639,000; resulting
in stockholders' deficit of $421,671,000.


AUTOZONE INC: May 8 Balance Sheet Upside-Down by $461.9MM
---------------------------------------------------------
AutoZone Inc. filed its quarterly report on Form 10-Q, reporting
net income of $202.7 million on $1.821 billion of net sales for
the 12 weeks ended May 8, 2010, compared with net income of
$173.69 million on $1.658 billion of net sales for the 12 weeks
ended May 9, 2009.

The Company's balance sheet at May 8, 2010, showed $5.452 billion
in total assets, $2.872 billion in total current liabilities,
$2.698 billion in debt, and $344.1 million in other liabilities,
for a stockholder's deficit of $461.95 million.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?650e

                         About AutoZone

Memphis, Tenn.-based AutoZone, Inc. (NYSE:AZO) sells auto and
light truck parts, chemicals and accessories through 4,289
AutoZone stores in 48 U.S. states plus the District of Columbia
and Puerto Rico and 202 stores in Mexico.  AutoZone is a retailer
and distributor of automotive replacement parts and accessories in
the United States.  AutoZone does not derive revenue from
automotive repair or installation.


AVISTAR COMMS: Stockholders Elect Six Nominees for Director
-----------------------------------------------------------
Stockholders of Avistar Communications Corporation elected six
individuals to the Board, wherein each will serve until the next
annual meeting or in each case until his successor is duly elected
and qualified.  The six elected members of the board are:

   * Gerald J. Burnett
   * William L. Campbell
   * Craig F. Heimark
   * R. Stephen Heinrichs
   * Robert M. Metcalfe
   * Robert F. Kirk

                   About Avistar Communications

Headquartered in San Mateo, California, Avistar Communications
Corporation (Nasdaq: AVSR) -- http://www.avistar.com/-- holds a
portfolio of 80 patents for inventions in video and network
technology and licenses IP to videoconferencing, rich-media
services, public networking and related industries.  Current
licensees include Sony Corporation, Sony Computer Entertainment
Inc. (SCEI), Polycom Inc., Tandberg ASA, Radvision Ltd. and
Emblaze-VCON.

                           *     *     *

As of March 31, 2010, the Company had total assets of
$2.070 million against total liabilities of $5.120 million,
resulting in stockholders' deficit of $3.050 million.


BAKERS FOOTWEAR: Posts $3.5 Million Net Loss for Q1 Ended May 1
---------------------------------------------------------------
Bakers Footwear Group, Inc., filed its quarterly report on
Form 10-Q, reporting a net loss of $3.5 million on $43.5 million
of revenue for the thirteen weeks ended May 1, 2010, compared with
a net loss of $2.8 million on $45.0 million of revenue for the
thirteen weeks ended May 2, 2009.

The Company's balance sheet as of May 1, 2010, showed
$50.6 million in assets and $51.8 million of liabilities, for a
stockholders' deficit of $1.2 million.

As reported in the Troubled Company Reporter on May 4, 2010,
Ernst & Young LLP, in St. Louis, Mo., expressed substantial doubt
about the Company's ability to continue as a going concern after
auditing the Company's financial statements for the year ended
January 30, 2010.  The independent auditors noted that the Company
has incurred substantial losses from operations in recent years
and has a significant working capital deficiency.

A full-text copy of the quarterly report is available for free at:

               http://researcharchives.com/t/s?6506

                     About Bakers Footwear

St. Louis, Mo.-based Bakers Footwear Group, Inc. (Nasdaq: BKRS) is
a national, mall-based, specialty retailer of distinctive footwear
and accessories for young women.  The Company's merchandise
includes private label and national brand dress, casual and sport
shoes, boots, sandals and accessories.  The Company currently
operates 239 stores nationwide.  Bakers' stores focus on women
between the ages of 16 and 35.  Wild Pair stores offer fashion-
forward footwear to both women and men between the ages of 17 and
29.


BERWYN-LANCASTER: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Berwyn-Lancaster, L.P.
        30 South 17th Street, Suite 1610
        Philadelphia, PA 19103

Bankruptcy Case No.: 10-14942

Chapter 11 Petition Date: June 16, 2010

Court: U.S. Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Magdeline D. Coleman

Debtor's Counsel: Albert A. Ciardi, III, Esq.
                  Ciardi Ciardi & Astin, P.C.
                  One Commerce Square
                  2005 Market Street, Suite 1930
                  Philadelphia, PA 19103
                  Tel: (215) 557-3550
                  Fax: (215) 557-3551
                  E-mail: aciardi@ciardilaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Company did not file a list of creditors together with its
petition.

The petition was signed by William Wheeler, president.


BIORELIANCE CORPORATION: Moody's Affirms 'B3' Corp. Family Rating
-----------------------------------------------------------------
Moody's changed the rating outlook of BioReliance Corporation to
stable from negative.  Concurrently Moody's affirmed the long-term
ratings, including the Corporate Family Rating and Probability of
Default Rating of B3.

The change in outlook to stable reflects Moody's view that the
operating environment for contract research organizations,
including BioReliance, has stabilized after a difficult period in
late 2008-2009.  The improvement in the outlook also reflects the
company's swift cost cutting measures in mid-2009 which have
resulted in very good preservation of EBITDA and cash flow,
despite lower revenues.  As a result, liquidity and covenant
cushion have remained adequate and Moody's expect them to remain
so over the next twelve months.

The B3 Corporate Family Rating reflects BioReliance's very small
scale, both on an absolute basis and relative to peers, as well as
considerable financial leverage.  The ratings are supported by
Moody's favorable longer-term view of CRO industry demand
fundamentals as well as BioReliance's good customer diversity,
leading competitive position within its niche market, and high
customer switching costs.

Rating affirmed/LGD point estimates revised:

BioReliance Corporation:

  -- $55 million U.S. first lien term loan, due 2014, B2, LGD3,
     34%

  -- $15 million U.S. first lien revolving credit facility, due
     2013, B2, LGD3, 34%

  -- $40 million U.S. second lien term loan, due 2014, Caa2, LGD5,
     85%

  -- Corporate Family Rating, B3

  -- Probability of Default Rating, B3

ACP/BREL UK Acquisition Limited:

  -- 20.25 million GBP U.K. first lien term loan, due 2014, B2,
     LGD3, 34%

  -- 2.525 million GBP U.K. first lien revolving credit facility,
     due 2013, B2, LGD3, 34%

The outlook is stable.

The last rating action was June 15, 2009, when Moody's downgraded
the Corporate Family Rating to B3 from B2.

BioReliance is a CRO that provides global testing and
manufacturing services for biologics and other biomedical products
to biotechnology and pharmaceutical companies worldwide.
BioReliance's services include testing related to biologics safety
and toxicology, contract manufacturing and laboratory animal
health diagnostics.  BioReliance began operations in April 2007
after Avista Partners acquired the operations from Invitrogen.
The company reported revenues of approximately $104 million for
the 12 months ended March 31, 2010.


BRIDGE ASSOCIATES: Case Summary & 4 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Bridge Associates of PA, LLC
        P.O. Box 177
        Woodmere, NY 11598

Bankruptcy Case No.: 10-74718

Chapter 11 Petition Date: June 17, 2010

Court: U.S. Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Robert E. Grossman

Debtor's Counsel: Roy J. Lester, Esq.
                  600 Old Country Road, Suite 229
                  Garden City, NY 11530
                  Tel: (516) 357-9191
                  Fax: (516) 357-9281
                  E-mail: rlester@rlesterlaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A copy of the Company's list of 4 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/nyeb10-74718.pdf

The petition was signed by Alan Luckner, managing member.

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                            Case No.   Petition Date
        ------                            --------   -------------
Bridge Associates of Pocono Township, LP  10-74195        06/01/10
Bridge Associates of Brodheadsville, LLC  10-74215        06/02/10
Bridge Associates of Tannersville, LLC    10-74541        06/14/10


CANWEST GLOBAL: Canada Court OKs Plan of Compromise
---------------------------------------------------
Canwest Global Communications Corp. disclosed that the Ontario
Superior Court of Justice has issued a Sanction and Vesting Order
approving the amended plan of compromise and arrangement (the
"Plan") submitted by Canwest (Canada) Inc., Canwest Limited
Partnership / Canwest Societe en Commandite and certain of their
subsidiaries under the Companies' Creditors Arrangement Act
(Canada).

In addition, the Court has granted the request by LP Entities for
an extension of the stay period granted under CCAA to December 31,
2010, conditional on the Plan being implemented before July 30,
2010.

The announcement relates only to Canwest's newspaper and online-
publishing businesses.  Canwest, Canwest Media Inc. and certain of
its subsidiaries, which operate the Company's conventional and
specialty television broadcasting businesses, are the subject of a
separate CCAA restructuring process.

                      About Canwest Global

Canwest Global Communications Corp. (TSX: CGS and CGS.A) --
http://www.canwest.com/-- an international media company, is
Canada's largest media company.  In addition to owning the Global
Television Network, Canwest is Canada's largest publisher of
English language daily newspapers and owns, operates and holds
substantial interests in conventional television, out-of-home
advertising, specialty cable channels, web sites and radio
stations and networks in Canada, New Zealand, Australia, Turkey,
Indonesia, Singapore, the United Kingdom and the United States.

On October 6, 2009, Canwest Global, Canwest Media Inc., Canwest
Television Limited Partnership (including Global Television,
MovieTime, DejaView and Fox Sports World), The National Post
Company and certain subsidiaries voluntarily entered into, and
successfully obtained an Order from the Ontario Superior Court of
Justice (Commercial Division) commencing proceedings under the
Companies' Creditors Arrangement Act.  The CMI Entities'
commencement of these proceedings was undertaken in furtherance of
a proposed recapitalization transaction that is supported by over
70% of holders of the 8% senior subordinated notes issued by CMI.
On the same day, FTI Consulting Canada Inc., the Court-appointed

Monitor in the CCAA proceedings, sought protection in the United
States Bankruptcy Court under Chapter 15 of the United States
Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 09-15994) for
certain of the entities involved in Canwest's television business
that filed for protection under the CCAA, including Canwest,
Canwest Media Inc. and Canwest Global Broadcasting
Inc./Radiodiffusion Canwest Global Inc.  Judge Stuart M. Bernstein
presides over the Chapter 15 cases.  Evan D. Flaschen, Esq., at
Bracewell & Giuliani LLP, in Hartford, Connecticut, serves as
Chapter 15 Petitioner's counsel.  The Chapter 15 Debtors disclosed
estimated assets of $500 million to $1 billion and estimated debts
of $50 million to $100 million.  In a regulatory filing with the
U.S. Securities and Exchange Commission, Canwest Media disclosed
C$4,847,020,000 in total assets and C$5,826,522,000 in total
liabilities at May 31, 2009.  Bankruptcy Creditors' Service, Inc.,
publishes Canwest Bankruptcy News.  The newsletter tracks the CCAA
proceedings and Chapter 15 proceedings undertaken by Canwest
Global Communications Corp. and its affiliates
(http://bankrupt.com/newsstand/or 215/945-7000).


CANWEST GLOBAL: Copyright Lawsuit Has Tentative Settlement
----------------------------------------------------------
Canwest Global Communications Corp. announced that a settlement
has been reached between freelance writer Heather Robertson and
Canwest Publishing Inc., which filed for creditor protection in
January of 2010, in a class action lawsuit concerning electronic
rights of freelance writers.  The proposed settlement is subject
to court approval.

Under the terms of the proposed settlement, the value of the
claims advanced by Heather Robertson against Canwest in the
insolvency claims process is set for voting and distribution
purposes at $7,500,000.  In exchange, Heather Robertson will vote
in favor of a Plan of Arrangement in the Canwest Publishing Inc.
insolvency proceeding, and members of the Class will grant a
license and release in respect of their freelance works to
Canwest Publishing Inc.

The Plaintiff will share pro rata to the extent of the Settlement
Amount with other affected creditors of the LP Entities in the
distributions to be made by the LP Entities, if any.  On May 21,
2010 the LP Entities filed with the Court a proposed Plan of
Compromise and Arrangement which contemplates certain
distributions to affected creditors of the LP Entities.  Details
of such distributions, as well as the conditions precedent to Plan
implementation (including creditor and court approval), are
contained in the proposed Plan of Compromise and Arrangement,
Management Circular and the Eighth Report of the Monitor, copies
of which are available on the Monitor's Web site for the CCAA
Proceedings.

The settlement does not terminate Heather Robertson's lawsuit
against the remaining defendants in her copyright class action
against Proquest Information and Learning LLC, CEDROM-SNI Inc.,
Toronto Star Newspapers Ltd., and Rogers Publishing Limited.

On June 16, 2010, Heather Robertson and Canwest will seek the
Court's approval of the proposed settlement.

                     About Canwest Global

Canwest Global Communications Corp. (TSX: CGS and CGS.A) --
http://www.canwest.com/-- an international media company, is
Canada's largest media company.  In addition to owning the Global
Television Network, Canwest is Canada's largest publisher of
English language daily newspapers and owns, operates and holds
substantial interests in conventional television, out-of-home
advertising, specialty cable channels, web sites and radio
stations and networks in Canada, New Zealand, Australia, Turkey,
Indonesia, Singapore, the United Kingdom and the United States.

On October 6, 2009, Canwest Global, Canwest Media Inc., Canwest
Television Limited Partnership (including Global Television,
MovieTime, DejaView and Fox Sports World), The National Post
Company and certain subsidiaries voluntarily entered into, and
successfully obtained an Order from the Ontario Superior Court of
Justice (Commercial Division) commencing proceedings under the
Companies' Creditors Arrangement Act.  The CMI Entities'
commencement of these proceedings was undertaken in furtherance of
a proposed recapitalization transaction that is supported by over
70% of holders of the 8% senior subordinated notes issued by CMI.

On the same day, FTI Consulting Canada Inc., the Court-appointed
Monitor in the CCAA proceedings, sought protection in the United
States Bankruptcy Court under Chapter 15 of the United States
Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 09-15994) for
certain of the entities involved in Canwest's television business
that filed for protection under the CCAA, including Canwest,
Canwest Media Inc. and Canwest Global Broadcasting
Inc./Radiodiffusion Canwest Global Inc.

Judge Stuart M. Bernstein presides over the Chapter 15 cases.
Evan D. Flaschen, Esq., at Bracewell & Giuliani LLP, in Hartford,
Connecticut, serves as Chapter 15 Petitioner's counsel.  The
Chapter 15 Debtors disclosed estimated assets of $500 million to
$1 billion and estimated debts of $50 million to $100 million.

In a regulatory filing with the U.S. Securities and Exchange
Commission, Canwest Media disclosed C$4,847,020,000 in total
assets and C$5,826,522,000 in total liabilities at May 31, 2009.

Bankruptcy Creditors' Service, Inc., publishes Canwest Bankruptcy
News.  The newsletter tracks the CCAA proceedings and Chapter 15
proceedings undertaken by Canwest Global Communications Corp. and
its affiliates (http://bankrupt.com/newsstand/or 215/945-7000).


CANWEST GLOBAL: Gluskin Says Lawsuit Not Covered by Stay
--------------------------------------------------------
Gluskin Sheff + Associates Inc. seeks a declaration from the
Ontario Superior Court of Justice that the stay of proceedings
does not apply to the lawsuit it filed against Canwest Media Inc.
and Canwest Publishing Inc.

Gluskin Sheff sued the companies after they allegedly refused to
pay the firm's fees in breach of their contract.  The Canwest
entities allegedly owe $849,648 on account of the services, which
the firm provided for the pension plans under the Investment
Management Agreement.

The pension plans are being administered by Canwest Media and
Canwest Publishing.

Helen Daley, Esq., at Wardle Daley Bernstein LLP, in Toronto,
Ontario, says the lawsuit does not seek any damages or other
payment from the Canwest entities.

"The action pertains to GS+A's rights and remedies against the
plans and their members, not against Canwest," Ms. Daley says in
court papers.  She points out that the lawsuit will not affect
Canwest's assets or business.

                     About Canwest Global

Canwest Global Communications Corp. (TSX: CGS and CGS.A) --
http://www.canwest.com/-- an international media company, is
Canada's largest media company.  In addition to owning the Global
Television Network, Canwest is Canada's largest publisher of
English language daily newspapers and owns, operates and holds
substantial interests in conventional television, out-of-home
advertising, specialty cable channels, web sites and radio
stations and networks in Canada, New Zealand, Australia, Turkey,
Indonesia, Singapore, the United Kingdom and the United States.

On October 6, 2009, Canwest Global, Canwest Media Inc., Canwest
Television Limited Partnership (including Global Television,
MovieTime, DejaView and Fox Sports World), The National Post
Company and certain subsidiaries voluntarily entered into, and
successfully obtained an Order from the Ontario Superior Court of
Justice (Commercial Division) commencing proceedings under the
Companies' Creditors Arrangement Act.  The CMI Entities'
commencement of these proceedings was undertaken in furtherance of
a proposed recapitalization transaction that is supported by over
70% of holders of the 8% senior subordinated notes issued by CMI.

On the same day, FTI Consulting Canada Inc., the Court-appointed
Monitor in the CCAA proceedings, sought protection in the United
States Bankruptcy Court under Chapter 15 of the United States
Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 09-15994) for
certain of the entities involved in Canwest's television business
that filed for protection under the CCAA, including Canwest,
Canwest Media Inc. and Canwest Global Broadcasting
Inc./Radiodiffusion Canwest Global Inc.

Judge Stuart M. Bernstein presides over the Chapter 15 cases.
Evan D. Flaschen, Esq., at Bracewell & Giuliani LLP, in Hartford,
Connecticut, serves as Chapter 15 Petitioner's counsel.  The
Chapter 15 Debtors disclosed estimated assets of $500 million to
$1 billion and estimated debts of $50 million to $100 million.

In a regulatory filing with the U.S. Securities and Exchange
Commission, Canwest Media disclosed C$4,847,020,000 in total
assets and C$5,826,522,000 in total liabilities at May 31, 2009.

Bankruptcy Creditors' Service, Inc., publishes Canwest Bankruptcy
News.  The newsletter tracks the CCAA proceedings and Chapter 15
proceedings undertaken by Canwest Global Communications Corp. and
its affiliates (http://bankrupt.com/newsstand/or 215/945-7000).


CANWEST GLOBAL: Shareholders Want Shaw Deal Rejected
----------------------------------------------------
A group of shareholders of Canwest Global Communications Inc. has
asked the Ontario Superior Court of Justice to reject the
proposed acquisition by Shaw Communications Inc. of the company's
television assets, according to a report by Bloomberg News.

The shareholder group sent a letter to Canwest Global and its
court-appointed monitor opposing the acquisition.  The group
wants to force an open auction for the assets, the report said.

Shaw Communications earlier agreed to acquire 100% of the over-
the-air and specialty television assets of Canwest Global for
about C$2 billion.  These assets include all of the equity
interests in CW Investments Co., the Canwest subsidiary that owns
the specialty television channels.

                     About Canwest Global

Canwest Global Communications Corp. (TSX: CGS and CGS.A) --
http://www.canwest.com/-- an international media company, is
Canada's largest media company.  In addition to owning the Global
Television Network, Canwest is Canada's largest publisher of
English language daily newspapers and owns, operates and holds
substantial interests in conventional television, out-of-home
advertising, specialty cable channels, web sites and radio
stations and networks in Canada, New Zealand, Australia, Turkey,
Indonesia, Singapore, the United Kingdom and the United States.

On October 6, 2009, Canwest Global, Canwest Media Inc., Canwest
Television Limited Partnership (including Global Television,
MovieTime, DejaView and Fox Sports World), The National Post
Company and certain subsidiaries voluntarily entered into, and
successfully obtained an Order from the Ontario Superior Court of
Justice (Commercial Division) commencing proceedings under the
Companies' Creditors Arrangement Act.  The CMI Entities'
commencement of these proceedings was undertaken in furtherance of
a proposed recapitalization transaction that is supported by over
70% of holders of the 8% senior subordinated notes issued by CMI.

On the same day, FTI Consulting Canada Inc., the Court-appointed
Monitor in the CCAA proceedings, sought protection in the United
States Bankruptcy Court under Chapter 15 of the United States
Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 09-15994) for
certain of the entities involved in Canwest's television business
that filed for protection under the CCAA, including Canwest,
Canwest Media Inc. and Canwest Global Broadcasting
Inc./Radiodiffusion Canwest Global Inc.

Judge Stuart M. Bernstein presides over the Chapter 15 cases.
Evan D. Flaschen, Esq., at Bracewell & Giuliani LLP, in Hartford,
Connecticut, serves as Chapter 15 Petitioner's counsel.  The
Chapter 15 Debtors disclosed estimated assets of $500 million to
$1 billion and estimated debts of $50 million to $100 million.

In a regulatory filing with the U.S. Securities and Exchange
Commission, Canwest Media disclosed C$4,847,020,000 in total
assets and C$5,826,522,000 in total liabilities at May 31, 2009.

Bankruptcy Creditors' Service, Inc., publishes Canwest Bankruptcy
News.  The newsletter tracks the CCAA proceedings and Chapter 15
proceedings undertaken by Canwest Global Communications Corp. and
its affiliates (http://bankrupt.com/newsstand/or 215/945-7000).


CHABAD-LUBAVITCH: Loan Dispute Prompts Ch. 11 Bankruptcy Filing
---------------------------------------------------------------
Alexander Clough at Palm Beach Post reports that Chabad-Lubavitch
of Boynton Beach and Congregation Chabad-Lubavitch of Greater
Boynton Beach filed for Chapter 11 bankruptcy protection because
it was unable to resolve a loan dispute with its lender Stonegate
Bank.  The Company listed assets of $9 million and debts of
$4.1 million.

According to the report, Stonegate Bank loaned in 2007 the Chabad
$3.8 million to refinance loans on an existing campus and a vacant
parcel purchased for expansion but it never took place.

Mr. Clough says a Palm Beach County Circuit Court lawsuit filed by
the Chabad last September alleged Stonegate did a "bait-and-
switch" on the 2007 loan, providing only $3.8 million in financing
instead of a larger promised amount of up to $4.6 million,
including a bond needed for the construction job.  Stonegate fired
back with an October foreclosure lawsuit.  The bank currently has
liens on the worship center and vacant parcel next door.


CHEMTURA CORPORATION: Files Plan of Reorganization
--------------------------------------------------
Chemtura Corporation, debtor-in-possession disclosed that it and
26 of its U.S. affiliates have filed a Joint Plan of
Reorganization and Disclosure Statement with the United States
Bankruptcy Court for the Southern District of New York.  The Plan
is supported by the Company's official committee of unsecured
creditors and the ad hoc committee of the Company's bondholders.
The Company expects that, in the near term, the Court will
schedule a hearing to consider approval of the Disclosure
Statement.  Accordingly, the Company remains on track to emerge
from Chapter 11 protection in the coming months.  The Company will
continue to work with its official committee of equity security
holders to address any concerns they may have about the Plan.

Chemtura provides under the Plan the potential to satisfy all
creditors' claims in full, as well as offering value to equity
holders.

"The filing of our Plan is a significant milestone in the Chapter
11 process, demonstrating Chemtura's progress toward emerging as a
stronger, leaner global enterprise," said Craig A. Rogerson,
Chemtura's Chairman, President and Chief Executive Officer.  "We
are pleased to submit the proposed Plan with the full support of
both the unsecured creditors' committee and the ad hoc committee
of bondholders.  The Plan is a testament to the outstanding
progress we have made in restructuring our finances and
operations."

Mr. Rogerson added, "We appreciate the support of our major
stakeholders and we look forward to continuing to work closely
with them in order to successfully execute on our business plan to
drive growth and long-term value creation.  I thank our customers,
suppliers, business partners and employees for their ongoing
commitment to our company and for helping us build a stronger
Chemtura."

The Disclosure Statement includes a historical profile of the
Company, a description of proposed distributions to creditors and
equity holders, and details of the "new" Chemtura, as well as many
of the technical matters required for the solicitation process,
such as descriptions of who will be eligible to vote on the Plan
and the voting process itself.

                       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)


CINCINNATI BELL: Fitch Downgrades Issuer Default Rating to 'B'
--------------------------------------------------------------
Fitch Ratings has downgraded Cincinnati Bell Inc.'s Issuer Default
Rating to 'B' from 'B+'.  Other issue ratings were downgraded:

Cincinnati Bell, Inc.

  -- IDR to 'B' from 'B+';

  -- $40 million senior secured notes due 2023 to 'BB/RR1' from
     'BB+/RR1';

  -- $752 million senior unsecured notes to 'B/RR4' from 'BB-
     /RR3';

  -- $625 million senior subordinated notes to 'CCC/RR6' from
     'B/RR5';

  -- $129 million convertible preferred stock to 'CCC/RR6' from
     'B-/RR6'.

Cincinnati Bell Telephone

  -- IDR to 'B' from 'B+';

  -- $208 million senior unsecured notes to 'BB/RR1' from
     'BB+/RR1'.

In addition, Fitch has assigned these ratings to CBB's new credit
agreement:

Cincinnati Bell, Inc.

  -- $210 million senior secured revolving credit facility due
     2014 'BB/RR1';

  -- $760 million senior secured Term Loan B due 2017 'BB/RR1'.

Fitch has withdrawn these ratings, which had been on Rating Watch
Negative, as the facilities were terminated upon the entry into
the new credit agreement:

Cincinnati Bell, Inc.

  -- Senior secured revolving credit facility due 2012 'BB+/RR1';
  -- Senior secured Term Loan B due 2012 'BB+/RR1'.

Fitch has removed the ratings from Rating Watch Negative and a
Stable Rating Outlook has been assigned.

The downgrade follows a review of CBB's acquisition of privately
held data center operator CyrusOne Networks, LLC in a cash
transaction approximating $525 million.  The downgrade reflects
the increase in financial and business risk caused by the
transaction, as well as a potentially more aggressive strategy on
the part of CBB to expand its data center business.

Fitch estimates the acquisition will increase CBB's pro forma
year-end 2010 leverage to approximately 5.0 times from 4.1x at the
end of 2009.  In the long run the acquisition could be a potential
positive as it will further diversify CBB's revenues and cash
flows if the rapid growth rates in the data center business are
realized.  However, Fitch believes CBB's business risk has
increased given the uncertainty that the growth rates in the data
center business can be sustained at high levels, and indications
that CBB is likely to continue to be aggressive in expanding the
data center business nationally and, potentially, internationally.

To finance the transaction, CBB obtained a senior secured
revolving and term loan credit facility totaling $970 million.
The company replaced an existing $210 million senior secured
revolving credit facility, which matured in August 2012, with a
new $210 million secured facility maturing in 2014.  The new
$760 million secured Term Loan B facility was used to repay the
$204 million outstanding on the previous Term Loan B facility and
to close the acquisition.  The new Term Loan B facility will
mature in 2017 if the company has successfully redeemed and repaid
in full its $252 million senior unsecured notes due in 2015.  If
the notes are not redeemed prior to November 2014, the term loan
will mature in November 2014.

The ratings also reflect CBB's diversified revenue base associated
with its business model, which integrates the wireline and
wireless businesses.  The company's results have been pressured by
the economy, as well as by competition in the wireline and
wireless business segments.

CBB reported total debt outstanding of $2.5 billion at March 31,
2010, an increase of $541 million from year-end 2009.  In April
2010 the company redeemed $569 million in subordinated debt due in
2014, using the proceeds from a $625 million subordinated debt
issue due in 2018.

At March 31, 2010, the company did not have any debt outstanding
under its old $210 million secured revolving credit facility,
although the amount available was reduced by $24.8 million in
letters of credit.  The new credit facility is guaranteed by CBB
and all subsidiaries except CBT, Cincinnati Bell Extended
Territories LLC (CBT's out-of-region subsidiary), Cincinnati Bell
Funding, and certain immaterial subsidiaries.  The subsidiaries
that guarantee the credit facility also guarantee the parent's
senior unsecured and senior subordinated notes (with certain
immaterial exceptions).  CBB's obligations under the credit
facility are collateralized by perfected first-priority pledges
and security interests in the equity interests in its subsidiaries
(other than subsidiaries of CBT, CBF, and certain immaterial
subsidiaries) and certain personal property and intellectual
property of CBB and its subsidiaries (other than that of CBT,
CBET, CBF, and certain immaterial subsidiaries).

Debt maturities, excluding capital leases, are moderate in 2010
and 2011, approximately $6 million and $8 million, respectively.
The new term loan amortizes at a quarterly rate of $1.9 million.
CBB also has a $100 million accounts receivable securitization
program, which did not have any outstanding amounts as of
March 31, 2010.  The receivables facility, which has a lower
overall cost of financing than the company's revolver or term loan
facility, expires in March 2012, subject to annual bank renewals
in the second quarter of each year.

At March 31, 2010, CBB had approximately $577 million in cash and,
for the last 12-month period generated approximately $91 million
in free cash flow under Fitch's definition.  Prior to the
acquisition, CBB's 2010 guidance called for the company to
generate approximately $130 million in FCF as defined by the
company.  Fitch believes the incremental interest expense
associated with the acquisition and the slightly negative to
breakeven FCF position of CyrusOne could cause free cash flow to
remain under $100 million in 2010.  The company announced a new
$150 million stock repurchase program in February 2010 but had not
completed any repurchases in the first quarter of 2010.


CITADEL BROADCASTING: S&P Withdraws 'D' Corporate Credit Rating
---------------------------------------------------------------
Standard & Poor's Ratings Services withdrew its unsolicited
ratings on Citadel Broadcasting Corp., including the unsolicited
'D' corporate credit rating.  The ratings withdrawal follows
Citadel's recent emergence from Chapter 11 protection on June 3,
2010.  All previously rated debt was extinguished.

This unsolicited rating(s) was initiated by Standard & Poor's.  It
may be based solely on publicly available information and may or
may not involve the participation of the issuer's management.
Standard & Poor's has used information from sources believed to be
reliable, but does not guarantee the accuracy, adequacy, or
completeness of any information used.


CITIGROUP INC: Plans to Raise >$3-Bil. for Own P/E & Hedge Funds
----------------------------------------------------------------
Bradley Keoun at Bloomberg News reports that Citigroup Inc. plans
to raise more than $3 billion for its private-equity and hedge
funds, even as U.S. lawmakers consider banning banks from owning
and investing in so-called alternative funds, according to people
with direct knowledge of the plan.

Sources told Bloomberg Citi Capital Advisors, which oversees about
$14 billion, may seek $1.5 billion for private equity this year
and $750 million for hedge funds.  Bloomberg says the people
declined to be identified because the plans aren't public.  An
additional $1 billion is targeted next year for hedge funds, the
people told Bloomberg.

The report relates Citi Capital Advisors is the former Citi
Alternative Investments unit, renamed last year after more than a
dozen of its funds with almost $80 billion of assets were
shuttered or frozen amid the global financial crisis, causing more
than $3 billion of losses for Citigroup.

The report relates John Havens, 53, head of Citigroup's trading
and investment-banking division, in April 2009 tapped a pair of
former Morgan Stanley colleagues, James O'Brien, 50, and Jonathan
Dorfman, 48, to rebuild the alternative-investing unit.  Of the 16
funds listed in a March 2008 Citi Alternative Investments
brochure, 11 have been closed, sold, renamed or merged into other
funds.

                         About Citigroup

Based in New York, Citigroup Inc. (NYSE: C) -- is a global
diversified financial services holding company whose businesses
provide a broad range of financial services to consumer and
corporate customers.  Citigroup has roughly 200 million customer
accounts and does business in more than 140 countries.
Citigroup's businesses are aligned in three reporting segments:
(i) Citicorp, which consists of Regional Consumer Banking (in
North America, EMEA, Asia, and Latin America) and the
Institutional Clients Group (Securities and Banking, including the
Private Bank, and Transaction Services); (ii) Citi Holdings, which
consists of Brokerage and Asset Management, Local Consumer
Lending, and a Special Asset Pool; and (iii) Corporate/Other.

As reported in the Troubled Company Reporter on November 25, 2008,
the U.S. government entered into an agreement with Citigroup to
provide a package of guarantees, liquidity access, and capital.
The U.S. Treasury and the Federal Deposit Insurance Corporation
agreed to provide protection against the possibility of unusually
large losses on an asset pool of roughly $306 billion of loans and
securities backed by residential and commercial real estate and
other such assets, which will remain on Citigroup's balance sheet.
As a fee for this arrangement, Citigroup issued preferred shares
to the Treasury and FDIC.  The Federal Reserve agreed to backstop
residual risk in the asset pool through a non-recourse loan.

Citigroup, the third-biggest U.S. bank, received $45 billion in
bailout aid.  Other bailed-out banks, including Bank of America
Corp., Wells Fargo & Co., have pledged to repay TARP money.
JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley,
repaid TARP funds in June.  Citigroup is selling assets to repay
the bailout funds.

Citigroup is one of the banks that, according to results of the
government's stress test, need more capital.


CONTECH CONSTRUCTION: Bank Debt Trades at 26% Off
-------------------------------------------------
Participations in a syndicated loan under which CONTECH
Construction Products, Inc., is a borrower traded in the secondary
market at 73.85 cents-on-the-dollar during the week ended Friday,
June 18, 2010, according to data compiled by Loan Pricing Corp.
and reported in The Wall Street Journal.  This represents a drop
of 15.20 percentage points from the previous week, The Journal
relates.  The Company pays 200 basis points above LIBOR to borrow
under the facility.  The bank loan matures on Jan. 31, 2013, and
carries Moody's B1 rating and Standard & Poor's B rating.  The
debt is one of the biggest gainers and losers among 184 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

CONTECH Construction Products, Inc. -- http://www.contech-cpi.com/
-- headquartered in West Chester, Ohio, makes, distributes, and
installs civil engineering products related to environmental storm
water, drainage, bridges, walls, and earth stabilization.  CONTECH
sells to builders of commercial, industrial, and public projects,
as well as large-scale residential communities.  Products range
from retaining walls and water-detention vaults to storm water
pipes and bridges in a variety of types for vehicular or
pedestrian use. CONTECH has dealers, distributors, or
manufacturing plants in all 50 U.S. states and a national sales
organization of more than 350 people.  Investment firm Apax
Partners owns CONTECH.

As reported by the Troubled Company Reporter on July 30, 2009,
Moody's affirmed the ratings of Contech Construction Products,
Inc. -- Corporate Family and Probability of Default Ratings at B2.
The outlook has been changed to negative from stable.  The
negative outlook reflects the risk that Contech's ability to
navigate the downturn in construction spending may be hindered by
its highly leveraged capital structure and diminished headroom
under its financial covenants.


COURTYARD PROPERTIES: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: Courtyard Properties, LLC
        P.O. Box 9120
        Columbus, MS 39705

Bankruptcy Case No.: 10-12955

Chapter 11 Petition Date: June 16, 2010

Court: United States Bankruptcy Court
       Northern District of Mississippi (Aberdeen)

Judge: David W. Houston III

Debtor's Counsel: Melanie T. Vardaman, Esq.
                  Harris Jernigan & Geno, PLLC
                  P.O. Box 3380
                  Ridgeland, MS 39158-3380
                  Tel: (601) 427-0048
                  Fax: (601) 427-0050
                  E-mail: mvardaman@harrisgeno.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its largest unsecured creditors
together with its petition.

The petition was signed by Thomas E. Vice, managing member.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
North Meadow Apartments, LLC           09-12585    05/20/09
TEV Investment Properties, LLC         04-17998    12/16/04
Thomas E. Vice and Diane F. Vice       08-11981    05/21/08


COYOTES HOCKEY: Iced Edge Meets Proof of Financing Deadline
-----------------------------------------------------------
Mike Sunnucks at Business Journal of Phoenix reports that Ice Edge
Holdings has met the proof of financing deadline set by the city
of Glendale as part of the investment's group efforts to buy
Phoenix Coyotes' hockey team.  Ice Edge officials outlined their
plans to the league earlier this week in New York City.

Dewey Ranch Hockey LLC, Arena Management Group, LLC, Coyotes
Holdings, LLC, and Coyotes Hockey, LLC -- owners and affiliates of
the Phoenix Coyotes National Hockey League team -- filed for
Chapter 11 protection (Bankr. D. Ariz. Case No. 09-09488) on
May 5, 2009.  The Debtors are represented by Thomas J. Salerno,
Esq., at Squire, Sanders & Dempsey, LLP, in Phoenix, and estimate
their assets and liabilities are between $100 million and
$500 million.

In the third quarter of 2009, Judge Redfield T. Baum approved the
sale of the Phoenix Coyotes to the National Hockey League, which
had bought the team to quash a plan by bidder Jim Balsillie's to
move the team to Ontario, Canada.  Coyotes was sent to Chapter 11
to effectuate a sale by owner Jerry Moyes to Mr. Balsillie.

The NHL is in the process of selling the team.


CRACKER BARREL: Bank Debt Trades at 3% Off in Secondary Market
--------------------------------------------------------------
Participations in a syndicated loan under which Cracker Barrel Old
Country Store, Inc., is a borrower traded in the secondary market
at 96.90 cents-on-the-dollar during the week ended June 18, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents a drop of 0.85
percentage points from the previous week, The Journal relates.
The Company pays 150 basis points above LIBOR to borrow under the
facility.  The bank loan matures on April 27, 2013, and carries
Moody's Ba3 rating and Standard & Poor's BB rating.  The debt is
one of the biggest gainers and losers among 184 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

As reported by the Troubled Company Reporter on Oct. 22, 2009,
Moody's affirmed all ratings of Cracker Barrel Old Country Store,
Inc., including its Ba3 Corporate Family Rating and Probability of
Default Rating and Ba3 senior secured rating.  In addition, the
outlook for CBRL was changed to stable from negative.

On Oct. 16, 2009, The TCR stated that Standard & Poor's revised
its outlook on Cracker Barrel Old Country Store, Inc., to stable
from negative because of improved credit metrics and improved
cushion over financial covenants.  S&P also affirmed the ratings
on the company, including the 'BB-' corporate credit rating.

Cracker Barrel Old Country Store, Inc., headquartered in
Tennessee, owns and operates the Cracker Barrel Old Country Store
restaurant and retail concept with approximately 590 restaurants
in 41 states.  Annual revenues are approximately $2.4 billion.


CULLIGAN INTERNATIONAL: Bank Debt Trades at 19% Off
---------------------------------------------------
Participations in a syndicated loan under which Culligan
International Co. is a borrower traded in the secondary market at
80.88 cents-on-the-dollar during the week ended Friday, June 18,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents a drop of
0.66 percentage points from the previous week, The Journal
relates.  The Company pays 225 basis points above LIBOR to borrow
under the facility.  The bank loan matures on Oct. 16, 2012, and
carries Moody's B3 rating and Standard & Poor's B- rating.  The
debt is one of the biggest gainers and losers among 184 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Culligan International Co. is a water services provider based in
Rosemont, Illinois.  The company distributes its products
primarily through an extensive dealer network.


CYTOCORE INC: Posts $469,000 Net Loss in Q1 Ended March 31
----------------------------------------------------------
CytoCore Inc. filed its quarterly report on Form 10-Q, reporting a
net loss of $469,000 on $8,000 of revenue for the three months
ended March 31, 2010, compared with a net loss of $1,933,000 on
$14,000 of revenue for the same period a year ago.

The Company's balance sheet as of March 31, 2010, showed
$2,739,000 in assets and $5,062,000 of liabilities, for a
stockholders' deficit of $2,323,000.

The Company has incurred significant operating losses since its
inception.  Management expects that significant on-going operating
expenditures will be necessary to successfully implement the
Company's business plan and develop, manufacture and market its
products.  "These circumstances raise substantial doubt about
CCI's ability to continue as a going concern."

At March 31, 2010, the Company had $18,000 in cash, and does not
have sufficient cash on hand to fund its operations.

A full-text copy of the quarterly report is available for free at:

               http://researcharchives.com/t/s?650d

                      About Cytocore Inc.

Headquartered in Chicago, Illinois, CytoCore Inc. (OTC BB: CYOE)
-- http://www.cytocoreinc.com/-- is a biomolecular diagnostics
company engaged in the design, development, and commercialization
of cost-effective screening systems to assist in the early
detection of cancer.  CytoCore(R) is currently focused on the
design, development, and marketing of its CytoCore Solutions(TM)
System and related image analysis platform.  The CytoCore
Solutions(TM) System and associated products are intended to
detect cancer and cancer-related diseases, and may be used in a
laboratory, clinic, or doctor's office.


DELPHI CORP: Methode Has Permission to Continue Infringement Suit
-----------------------------------------------------------------
Bankruptcy Judge Robert Drain granted in part, denied in part and
mooted in part Methode Electronics, Inc.'s motion to permit to
continue postpetition litigation against reorganized Delphi with
respect to a claim for anticipatory breach of contract before a
Michigan state court and a claim for patent infringement before
the U.S. District Court for the Eastern District of Michigan.

Specifically, Judge Drain granted Methode's request to lift the
injunction under the Modified First Amended Joint Plan of
Reorganization to allow continuation of the litigation regarding
patent infringement before the District Court as stipulated
between the parties on the record at a May 20, 2010 hearing.
Judge Drain also held in abeyance Methode's request to lift the
Plan Injunction pending a stipulation between the parties or
further application to the Court.

Judge Drain also sustained the Reorganized Debtors' objection to a
portion of Methode's Patent Claim that arose before June 1, 2009.
Accordingly, Judge Drain disallowed the Patent Claim with respect
to the portion that arose before the Petition Date.

Judge Drain deemed moot Methode's request to overrule the
Reorganized Debtors' timeliness objection with respect to the
Contract Claim.

                        About Delphi Corp.

Based in Troy, Michigan, Delphi Corporation (PINKSHEETS: DPHIQ)
-- http://www.delphi.com/-- was a global supplier of mobile
electronics and transportation systems, including powertrain,
safety, steering, thermal, and controls & security systems,
electrical/electronic architecture, and in-car entertainment
technologies.  Delphi had approximately 146,600 employees and
operates 150 wholly owned manufacturing sites in 34 countries with
sales of $18.1 billion in 2008.

The Company filed for Chapter 11 protection on October 8, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-44481).  John Wm. Butler Jr.,
Esq., John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden,
Arps, Slate, Meagher & Flom LLP, represent the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represent the Official Committee of Unsecured Creditors.  As of
June 30, 2008, the Debtors' balance sheet showed US$9,162,000,000
in total assets and US$23,742,000,000 in total debts.

The Court confirmed Delphi's plan on January 25, 2008.  The Plan
was not consummated after a group led by Appaloosa Management,
L.P., backed out from their proposal to provide US$2,550,000,000
in equity financing to Delphi.  At the end of July 2009, Delphi
obtained confirmation of a revised plan, build upon a sale of the
assets to a entity formed by some of the lenders who provided
$4 billion of debtor-in-possession financing, and General Motors
Company.

On October 6, 2009, Delphi Corp.'s Chapter 11 plan of
reorganization became effective.  A Master Disposition Agreement
executed among Delphi Corporation, Motors Liquidation Company,
General Motors Company, GM Components Holdings LLC, and DIP Holdco
3, LLC, divides Delphi's business among three separate parties --
DPH Holdings LLC, GM Components, and DIP Holdco 3.

Delphi emerged from Chapter 11 as DPH Holdings.  DPH Holdings will
remain responsible for the post-Effective Date administration and
eventual closing of the Chapter 11 cases as well as the
disposition of certain retained assets and payment of certain
retained liabilities as provided under the Modified Plan.

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


DENNY HECKER: $83 Mil. of Chrysler Debt Held Nondischargeable
-------------------------------------------------------------
WestLaw reports that a bankrupt automobile dealer's bad faith and
willful abuse of the discovery process, as demonstrated by the
false excuse that it offered in support of its failure to comply
with a discovery request based on the federal government's
supposed seizure of computers or servers from the debtor and his
business entities, when, in fact, the government had not seized
any computers or servers but merely created forensic images of
data, or as demonstrated by his eleventh-hour production after
having previously claimed that all discovery had been provided,
was such as to warrant the extreme sanction of entry of a default
judgment in favor of a creditor on its nondischargeability
complaint.  While the entry of default judgment as a discovery
sanction should be rare, this remedy is appropriate when a party's
failure to comply with discovery has been due to willfulness, bad
faith, or any fault of the party.  In re Hecker, --- B.R. ----,
2010 WL 654151 (Bankr. D. Minn.) (Kressel, J.).

Dennis E. Hecker owned and operated dozens of auto dealerships,
car rental franchises, and other businesses until 2009.  During
the course of his business, Mr. Hecker and entities owned or
controlled by him borrowed more than $350 million from Chrysler
Financial Services Americas LLC under a series of loan agreements.
Mr. Hecker personally guaranteed repayment of the loans.  Hecker
and his entities defaulted on the loans in the summer and fall of
2008.  Chrysler Financial responded by accelerating the
indebtedness.  Then Chrysler Financial exercised its rights
against the collateral.  Thereafter Chrysler Financial sued Mr.
Hecker in Hennepin County District Court, alleging breach of
contract based on his failure to honor his personal guarantees and
failure to repay the accelerated indebtedness.  On April 27, 2009,
the state court entered a judgment against Mr. Hecker.

Dennis E. Hecker filed a voluntary chapter 7 petition (Bankr. D.
Minn. Case No. 09-50779) on June 4, 2009.  Chrysler Financial
filed a dischargeability action (Bankr. D. Minn. Adv. Pro. No. 09-
5019) on July 8, 2009.  Chrysler Financial alleged that
$83 million of $350 million owed is nondischargeable under 11
U.S.C. Sec. 523(a) because Mr. Hecker allegedly obtained it
through the use of false pretenses, false representations, fraud,
defalcation, and embezzlement.  Specifically, Chrysler Financial
alleged that Mr. Hecker personally presented a forged, doctored
document to Chrysler Financial in order to obtain loan advances,
and that Mr. Hecker misappropriated vehicle sale proceeds that
were to be held in trust.

Although Rule 37(b)(ii) of the Federal Rules of Civil Procedure
provides a number of sanctions for discovery misconduct, Chrysler
Financial requested the most severe.  "Less severe sanctions have
not motivated the defendant to comply with his discovery
obligations, and after numerous hearings over these issues, I am
certain than there is no lesser sanction which would result in the
defendant's compliance," the Honorable Robert J. Kressel says.
Accordingly, Judge Kressel granted Chrysler Financial's motion for
sanctions and ordered $83 million of the judgment against Mr.
Hecker, together with accrued interest, not dischargeable in the
Chapter 7 bankruptcy case.


DOLLAR THRIFTY: Completes New $300 Million Asset Backed Financing
-----------------------------------------------------------------
Dollar Thrifty Automotive Group, Inc.'s Rental Car Finance Corp.
subsidiary completed a private placement of Rental Car Asset
Backed Variable Funding Notes, Series 2010-2.  When fully funded,
the notes will provide $300 million of additional fleet financing.
The revolving period for the notes ends in June 2013, with
scheduled amortization payments due over a six-month period
beginning in July 2013 and ending in December 2013.  The notes
will bear interest at a spread of 375 basis points above the one-
month LIBOR rate when drawn.  The notes have an advance rate of
approximately 65%.

"We have added $500 million of vehicle financing capacity during
the first six months of 2010, demonstrating our ability to access
the markets at competitive interest rates and enhancement levels,"
said Scott L. Thompson, President and Chief Executive Officer.
"This transaction provides the Company with additional long-term
fleet financing capacity well in advance of our next scheduled
fleet debt maturity, at a rate that is below the effective fixed
rates of interest paid in respect of our existing medium term
notes."

The Company noted that its next scheduled fleet debt maturity
begins in December 2010 when $600 million of its Series 2006-1
notes begin amortizing over a six-month period ending in May 2011.
The Company also noted that it has no significant scheduled
corporate debt maturities until June 2013, when borrowings under
the Company's existing Senior Secured Credit Facility come due and
the Facility terminates.

"Subject to market conditions, we expect to complete an additional
$300 million of fleet financing during the fourth quarter of 2010,
which will, when combined with the availability under the new
Series 2010-2 notes, provide adequate replacement financing for
the Series 2006-1 notes," said Thompson.

The Series 2010-2 notes have not been, and will not be, registered
under the Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an
applicable exemption from registration requirements.  About Dollar
Thrifty

                       About Dollar Thrifty

Dollar Thrifty Automotive Group, Inc., is headquartered in Tulsa,
Oklahoma.  Driven by the mission "Value Every Time," the Company's
brands, Dollar Rent A Car and Thrifty Car Rental, serve value-
conscious travelers in over 70 countries.  Dollar and Thrifty have
over 600 corporate and franchised locations in the United States
and Canada, operating in virtually all of the top U.S. and
Canadian airport markets.  The Company's approximately 6,400
employees are located mainly in North America, but global service
capabilities exist through an expanding international franchise
network.

The Company's balance sheet at Dec. 31, 2009, showed $2.64 billion
in total assets and $2.25 billion in total liabilities.  I
November 2009, Standard & Poor's Ratings Services raised its
corporate credit rating of Dollar Thrifty to 'B-' from 'CCC', in
light of the Company's improved operating and financial
performance that began in mid-2009.  Moody's Investors Service
also upgraded Dollar Thrifty's Probability of Default Rating to

'B3' from 'Caa2' and Corporate Family Rating to 'B3' from 'Caa3'


DORAL ENERGY: Delays Filing of Form 10-Q for April 30 Quarter
-------------------------------------------------------------
In a regulatory filing Monday, Doral Energy Corp. says its
quarterly report on Form 10-Q for the period ended April 30, 2010,
will be delayed as management was unable to obtain the business
information necessary to complete the preparation of the interim
financial statements and the review of these financial statements
by the Company's auditors in time for filing.

                        About Doral Energy

Doral Energy Corp. (OTC BB: DRLY) -- http://www.DoralEnergy.com/
-- is an oil and gas exploitation and production company
headquartered in Midland, Texas.  Doral Energy Corp.'s strategy is
to grow a portfolio of under-developed production and exploitation
assets with the potential for generating near-term increases in
existing production through operational improvements, and longer-
term development of proved undeveloped reserves by infill
drilling.

Doral's first producing assets, the Hanson Properties in Eddy
County, New Mexico, are located in the northwestern Permian Basin
of New Mexico.

The Company's balance sheet as of January 31, 2010, showed
$20,726,351 in total assets, $10,009,187 of debt, and
stockholders' equity of $10,717,164.

                          *     *     *

Malone & Bailey, PC, in Houston, Texas, expressed substantial
doubt about the Company's ability to continue as a going concern
after auditing the Company's financial statements for the year
ended July 31, 2009.  The independent auditors noted that the
Company has negative working capital and recurring losses from
operations.


DUBAI WORLD: Buyers Drop ISS Bid After DOJ Probe Unveiled
---------------------------------------------------------
The Financial Times' Martin Arnold in London and Simeon Kerr in
Dubai report that Dubai World's sale of Inchcape Shipping Services
has been dealt a blow after prospective bidders learnt of an
investigation they believe the U.S. Department of Justice is
conducting into the business.

The FT reports that several private equity groups dropped out of
the bidding after discovering during due diligence what they
believe is an investigation by the DoJ over its contract to
service the U.S. Navy's Fifth Fleet in the Middle East.  According
to The FT, people familiar with the matter said U.S. private
equity groups General Atlantic and Carlyle and Canadian pension
fund Omers all decided not to submit second-round bids.  The FT
notes Cinven and CVC Capital Partners, the UK-based private equity
groups, submitted non-binding bids late last month.  But the bids
were conditional on receiving more information about what they
believe is a U.S. probe and the two groups have stopped work on a
deal.

The FT, citing two people familiar with the shipping unit, says
the private equity groups believe the DoJ is investigating the
government services division of ISS along with some of its rivals.
One of the people said the private equity groups had learnt that
an investigation had been going on for several months and was
triggered by information from one of ISS's competitors about
alleged corruption.

The FT relates ISS is one of the few successful investments in
Dubai World's Istithmar investment portfolio, which includes the
QE2 ocean liner and performance company Cirque du Soleil.
Istithmar bought ISS for $285 million at the start of its buying
spree between 2006 and 2008.  It has put the company up for sale
for $800 million.

According to the FT, ISS said, "These claims by third parties are
an apparent attempt to undermine the value of a world class asset.
It goes without saying that there would be no appetite to sell
this business on the cheap.  Istithmar has a number of years in
which to realize the correct value of any assets it wishes to
divest."

                        Restructuring Deal

According to the Troubled Company Reporter on June 2, 2010, The
Wall Street Journal said Dubai World reached a broad agreement to
pay off its creditors and reduce its $23.5 billion of debt.  Aidan
Birkett, chief restructuring officer of Dubai World, told Zawya
Dow Jones that Dubai World will now seek a final deal with all of
its creditors by the end of June.  Under the deal, creditors will
be repaid in full but the payment period will be extended, while
the government of Dubai would convert debt into equity and help
fund the restructuring.

According to The Journal, the first portion, or tranche, of
$4.4 billion will be paid in five years, with 1% annual interest
in cash but no shortfall government guarantee.  The second tranche
of $10 billion will be paid over eight years, with 1% interest
plus varying payment-in-kind interest and shortfall guarantees.
Lenders will have to choose between three options, depending on
their exposure and on their priorities in regard to the shortfall
guarantee and payment in kind.

The government of Dubai will convert $8.9 billion of debt and
claims into equity in Nakheel, the real-estate arm of Dubai World,
and commit to fund as much as $500 million of Nakheel's expenses
and an interest facility of as much as $1 billion while
maintaining 100% ownership of the Company.

As part of the deal, Nakheel's trade creditors were offered
repayment through a mix of 40% cash and 60% in a sukuk-a bond
structured to comply with Islamic law-with a 10% annual return.
Nakheel paid a $980 million Islamic bond.

The Journal said the agreement with the creditors' coordinating
committee accounts for about 60% of Dubai World's bank lenders.
The remaining creditors holding 40% of the group's debt have yet
to accept the deal.

                      6-Month Standstill

In November 2009, the Troubled Company Reporter ran a story
about Dubai World seeking a six-month standstill on its debt
obligations.  The government of Dubai said it would restructure
Dubai World and has appointed Deloitte LLP to lead the
restructuring effort, naming an executive at the consultancy as
the group's "chief restructuring officer."

Bloomberg News' Arif Sharif and Laura Cochrane said Dubai World
has US$59 billion in liabilities.  Bloomberg said Dubai
accumulated US$80 billion of debt by expanding in banking, real
estate and transportation before credit markets seized up last
year.

The Wall Street Journal said Standard & Poor's in an October
report estimated Dubai World could be responsible for as much as
50% of Dubai's total government and corporate debt load of some
US$80 billion to US$90 billion.

                      About Dubai World

Dubai World -- http://www.dubaiworld.ae/-- is Dubai's flag bearer
in global investments.  As a holding company it operates a highly
diversified spectrum of industrial segments and plays a major role
in the emirate's rapid economic growth.  Dubai World's investment
spans four strategic growth areas of 21st Century commerce namely,
Transport & Logistics, Drydocks & Maritime, Urban Development and
Investment & Financial Services.  Dubai World's portfolio includes
DP World, one of the largest marine terminal operators in the
world; Drydocks World & Dubai Maritime City designed to turn Dubai
into a major ship-building and maritime hub; Economic Zones World
which operates several free zones around the world including Jafza
and TechnoPark in Dubai; Nakheel the property developer behind
iconic projects such as The Palm Islands and The World among
others; Limitless the international real estate master planner
with current development projects in various parts of the world;
Leisurecorp a global sports and leisure investment group,
reshaping the industry by unlocking value across investment,
development and brand opportunities; Dubai World Africa which
oversees the regional development and portfolio of investments in
the African continent; and Istithmar World, the group's investment
arm that has a global footprint in finance, capital, leisure,
aviation and various other business ventures.


EAST WILLIAMSBURG: Case Summary & 3 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: East Williamsburg LLC
        621 Church Avenue
        Brooklyn, NY 11218
        347-291-1776

Bankruptcy Case No.: 10-45703

Chapter 11 Petition Date: June 17, 2010

Court: U.S. Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Jerome Feller

Debtor's Counsel: Richard Tanenbaum, Esq.
                  44 Court Street, Suite 917
                  Brooklyn, NY 11201
                  Tel: (347) 291-1776
                  Fax: (866) 413-9205
                  E-mail: nybankruptcy@gmail.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A copy of the Company's list of 3 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/nyeb10-45703.pdf

The petition was signed by Solomon Steinlauf, president.


EIGEN INC: Kazi Financing Requires Sale by June 30
--------------------------------------------------
The Hon. Peter J. Walsh of the U.S. Bankruptcy Court for the
District of Delaware, in a final order, authorized Eigen, Inc., to
obtain secured postpetition financing from Kazi Management VI,
LLC, and to use cash collateral.

The Debtor has a $20,188,546 prepetition debt to Kazi.  The lender
agreed to provide the Debtor a postpetition revolving line of
credit amounting to $3.7 million with a 9% interest rate.

The Debtor will use the money to fund its Chapter 11 case, pay
suppliers and other parties.   The DIP loan is also subject to,
among other things: (i) a written agreement for the sale of
substantially all assets by June 23; (ii) an order approving the
sale by June 28; and (iii) the closing of the sale by June 30.

The Debtor is also authorized to use the cash collateral.   The
Debtor will also use the cash collateral to provide additional
liquidity.

As adequate protection, the lender is granted:

   -- first priority and junior security interests in all of the
      Debtors property to secure its obligations under the
      postpetition financing;

   -- superpriority administrative expense claim status.

                             About Eigen

Grass Valley, California-based Eigen, Inc., a.k.a. Eigen, LLC,
develops tools for healthcare professionals.  The Company filed
for Chapter 11 bankruptcy protection on March 30, 2010 (Bankr. D.
Del. Case No. 10-11061).  Christopher A. Ward, Esq., at Polsinelli
Shughart PC, assists the Company in its restructuring effort.  In
its petition, the Company estimated its assets and debts at
$10,000,001 to $50 million.


ENERGAS RESOURCES: Posts $77,600 Net Loss in Q1 Ended April 30
--------------------------------------------------------------
Energas Resources, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $77,606 on $63,158 of revenue for the
three months ended April 30, 2010, compared with a net loss of
$177,329 on $43,438 of revenue for the same period ended April 30,
2009.

The Company's balance sheet at April 30, 2010, showed $7.4 million
in assets, $949,953 of liabilities, and $6.4 million of
shareholders' equity.

As reported in the Troubled Company Reporter on May 25, 2010,
Smith, Carney & Co., P.C., in Oklahoma City, Oklahoma, expressed
substantial doubt about the Company's ability continue as a going
concern after auditing the Company's financial statements for the
year ended January 31, 2010.  The independent auditors noted that
as of January 31, 2010, the Company had incurred losses for the
years ended January 31, 2010, and 2009 of $1.9 million and
$2.5 million, respectively, and that the the Company's ability to
continue as a going concern is dependent upon obtaining financing
and achieving profitable levels of operations.

A full-text copy of the quarterly report is available for free at:

               http://researcharchives.com/t/s?6509

                     About Energas Resources

Oklahoma City, Okla.-based Energas Resources, Inc.
-- http://www.energasresources.com/-- is involved in the
exploration and development of oil and gas.  The Company
principally operates in the Arkoma Basin in Oklahoma and the
Powder River Basin in Wyoming, and more recently in Texas.


ENVIROSOLUTIONS HOLDINGS: 2nd Lien Lenders Object to Ch. 11 Plan
----------------------------------------------------------------
BankruptcyData.com reports that the ad hoc committee of holders of
second lien note claims appointed in the EnviroSolutions Holdings
case filed with the U.S. Bankruptcy Court an objection to the
Debtors' Chapter 11 Joint Plan of Reorganization.  The objection
states, "the Prepetition Lenders want their cake and they want to
eat it too.  Working off a total enterprise value that the Ad Hoc
Committee believes is too low, the Prepetition Lenders nonetheless
have constructed a plan that delivers more than 100% of the
alleged value to themselves and paltry alleged gifts to the other
stakeholders - gifts which the holders of Second Lien Note Claims
are coerced into accepting by impermissible death traps contained
in the Plan."

                   About EnviroSolutions Holdings

Based in Manassas, Virginia, EnviroSolutions Holdings, Inc., is an
integrated solid waste management company with a presence in
Virginia, Maryland, New Jersey, Kentucky, West Virginia, and the
District of Columbia.  The company's assets include three
landfills, four transfer stations and several hauling and
collection operations.

The Company filed for Chapter 11 bankruptcy protection on
March 10, 2010 (Bankr. S.D.N.Y. Case No. 10-11261).  John
Longmire, Esq., at Willkie Farr & Gallagher LLP, assists the
Company in its restructuring effort.  Alvarez and Marsal North
America, LLC, is the Company's restructuring advisor.  The
Company's financial advisor is Barclays Capital.  The Company
estimated its assets and liabilities at $100,000,001 to
$500,000,000.


EUOKO GROUP: Delays Filing of Form 10-Q for Period Ended April 30
-----------------------------------------------------------------
Euoko Group, Inc., discloses that its quarterly report on Form 10-
Q for the period ended April 30, 2010, will be delayed, because
the Company's auditors have not completed their review of the Form
10-Q.  The Company says that it is not anticipated that there will
be any significant change in results of operations from the
corresponding period for the last fiscal year.

Toronto, Ontario-based Euoko Group, Inc. is engaged in the
business of the development, marketing and distribution of skin
treatments.  The Company's common stock is quoted on the OTC
Bulletin Board under the symbol "EUOK".

The Company's balance sheet as of January 31, 2010, showed
$1,241,237 in assets and $7,999,645 of debts, for a
stockholders' deficit of $6,758,408.

                          *     *     *

Weinberg and Company, P.A, in Los Angeles, Calif., expressed
substantial doubt about the Company's ability to continue as a
going concern after auditing the Company's financial statements
for the year ended July 31, 2009.  The independent auditors noted
that the Company has had recurring losses from operations and had
a stockholders' deficiency as of July 31, 2009.


FELCOR LODGING: S&P Revises Outlook on 'B-' Rating to 'Stable'
--------------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook on
Irving, Texas-based FelCor Lodging Trust Inc. to stable from
negative.  S&P affirmed all ratings on the company, including the
'B-' corporate credit rating.

"The revision of the outlook to stable reflects the improvement in
FelCor's liquidity profile following the issuance of a significant
level of common equity, and S&P's belief that as a result, the
company is positioned to manage the refinancing of its remaining
maturities in 2011," explained Standard & Poor's credit analyst
Emile Courtney.

In addition, FelCor's operating performance will likely benefit
from the U.S. hotel industry reaching a positive inflection point
(in S&P's view) toward the end of the March 2010 quarter in terms
of revenue per available room.

The 'B-' rating reflects high expected leverage of over 11x (by
S&P's measure, including operating leases and intermediate 50%
debt treatment of preferred stock) at the end of 2010, and
expected funds from operations coverage of interest expense and
preferred dividends of just over 1x in 2010.

On June 16, 2010, FelCor announced the pricing of 27.5 million
shares of common stock at a price of $5.50 per share with a 30-day
option for underwriters to purchase up to 4.125 million additional
shares of common stock.  The company estimates that the net
proceeds from the equity offering will be approximately
$145 million ($167 million if the underwriters exercise their
option to purchase the additional shares).  Cash on hand totaled
$276 million at March 2010 and, pro forma for the equity raise,
will total between approximately $420 million and $445 million
(depending upon whether underwriters exercise the option to
purchase additional shares).  The pro forma proceeds will be used
to repay approximately $177 million of mortgage debt scheduled to
mature in May 2012 at a negotiated price of $130 million plus
accrued interest.  The mortgages secure two hotel properties,
which will be unencumbered subsequent to the repayment.  S&P
expects the remaining pro forma cash balances to be used to repay
debt balances due in 2011 and to pursue acquisition opportunities.

FelCor is a real estate investment trust that owns 84 consolidated
hotels in 23 states and Canada.  Approximately 80% of the
company's hotels operate in the upper upscale segment.  Brands
include Embassy Suites, Doubletree, Hilton, Renaissance, Sheraton,
Westin, and Holiday Inn.


FELIX M FHIMA: DIP Loan Hearing Continued Until June 23
-------------------------------------------------------
The Hon. Ernest Robles of the U.S. Bankruptcy Court for the
Central District of California has continued until June 23, 2010,
at 10:00 a.m., the hearing on Felix M. Fhima and Patricia H.
Fhim's motion to incur postpetition financing from the holders of
the pre-existing liens.  The hearing will be held at 255 East
Temple Street, Courtroom 1568, 15th Floor, Los Angeles,
California.

The Debtors own a home located at 1264 South Bedford Drive, Los
Angeles, California, and an investment property at 616 North
Foothill Road, Berverly Hills, California.

The Debtors relate these creditors hold a pre-existing lien on the
property:

   -- Chase Mortgage;
   -- Tony Ebrahams;
   -- Michael Brandt; and
   -- Yula Boys High School.

The Debtors need financing to complete the construction work on
the Foothill Road property.  The Debtors were unable  to secure
adequate unsecured postpetition financing.

The terms of loan includes:

     Principal amount:                  $60,000
     Maturity Date:                     December 31
     Interest Rate:                     12%

The Debtors will grant each of the lien holders a lien senior to
the pre-existing liens on the Foothill property which has a market
value of $9.5 million as of February 16.

The Debtors are represented by:

     Michael Jay Berger, Esq.
     The Law Offices of Michael Jay Berger
     9454 Wilshire Blvd., 6th Floor
     Beverly Hills, CA 90212-2929
     Tel: (310) 271-6223
     Fax: (310) 271-9805
     E-mail: michael.berger@bankruptcypower.com

                        About Felix M. Fhima

Los Angeles, California-based Felix M. Fhima and Patricia H. Fhima
filed for Chapter 11 bankruptcy protection on February 18, 2010
(Bankr. C.D. Calif. Case No. 10-15854).  Michael Jay Berger, Esq.,
who has an office in Beverly Hills, California, assists the
Debtors in their restructuring efforts.  The Debtors listed
$10,000,001 to $50,000,000 in assets and $1,000,001 to $10,000,000
in liabilities.


FOOT LOCKER: Moody's Gives Stable Outlook, Affirms 'Ba3' Rating
---------------------------------------------------------------
Moody's Investors Service revised Foot Locker, Inc.'s ratings
outlook to stable from negative, and affirmed the company's debt
ratings, including its Ba3 corporate family and probability of
default ratings and the B1 rating on its 8.5% senior unsecured
notes.

"The stable outlook reflects Moody's expectation that despite very
high lease adjusted leverage, the company's strong liquidity and
competitive market position will support its plan to improve
profitability and credit metrics over the near-to-intermediate-
term," said Moody's analyst, Mike Zuccaro.  "The outlook also
recognizes that it will take time to repair margins, and that the
potential exists for modest volatility in performance over the
next year as the economy struggles to recover."

Material negative variances in earnings or the fundamental
operating environment combined with a significant deterioration in
liquidity could lead to downward pressure in the outlook and/or
ratings, as could more aggressive financial policies such debt-
financed share repurchases or acquisitions.

Foot Locker's Ba3 CFR reflects the company's global
diversification, credible market position, and its moderate scale
as a global specialty retailer.  The rating also favorably
reflects the company's very good liquidity and modest level of
funded debt, which is currently well below its excess cash level.
Constraining the rating is Foot Locker's weak credit metrics,
particularly its very high leverage, as measured by lease-adjusted
debt/EBITDA, its significant business risk as a specialty retailer
and its highly seasonal operations.  As a result of the company's
narrow focus on athletic footwear and apparel, Foot Locker is
highly susceptible to changing fashion trends and its cash flow
from operations generation is heavily reliant on the fourth
quarter holiday selling season.

These ratings were affirmed:

  -- Corporate family rating at Ba3;
  -- Probability of default rating at Ba3;
  -- Senior unsecured notes at B1 (LGD4, 65%).

The rating outlook is stable.

Moody's last rating action for Foot Locker was on April 23, 2009,
when the Ba3 CFR was confirmed with a negative outlook.

Foot Locker, Inc., is a specialty athletic retailer, operating
3,485 stores in 21 countries in North America, Europe, and
Australia.  Store nameplates include Foot Locker, Footaction, Lady
Foot Locker, Kids Foot Locker, Champs Sports, while its direct-to-
customer channel is Footlocker.com/Eastbay/CCS.  Revenue for the
12-month period ended May 1, 2010, exceeded $4.9 billion.


FORD MOTOR: Bank Debt Trades at 6% Off in Secondary Market
----------------------------------------------------------
Participations in a syndicated loan under which Ford Motor Co. is
a borrower traded in the secondary market at 93.77 cents-on-the-
dollar during the week ended Friday, June 18, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 1.15 percentage
points from the previous week, The Journal relates.  The Company
pays 300 basis points above LIBOR to borrow under the facility.
The bank loan matures on Dec. 15, 2013, and carries Moody's Ba3
rating and Standard & Poor's B- rating.  The debt is one of the
biggest gainers and losers among 184 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F) --
http://www.ford.com/-- manufactures or distributes automobiles
across six continents.  With about 200,000 employees and about 90
plants worldwide, the company's automotive brands include Ford,
Lincoln, Mercury and Volvo.  The Company provides financial
services through Ford Motor Credit Company.

At December 31, 2009, the Company had $194.85 billion in total
assets against $201.37 billion in total liabilities.  Total
deficit attributable to Ford Motor at December 31, 2009, was $7.82
billion.

As reported by the Troubled Company Reporter on June 7, 2010,
Moody's released an Issuer Comment stating that the ratings and
outlook of Ford Motor Company are being maintained following the
company's announcement that it will end production of Mercury
vehicles during the fourth quarter of this year.  Ford's ratings
include: B1 Corporate Family Rating and Probability of Default
Rating; Ba1 secured rating; B2 unsecured rating; and SGL-2
Speculative Grade Liquidity Rating.  The rating outlook is stable.

The last rating action on Ford was an upgrade of the company's
Corporate Family Rating to B1 on May 18, 2010.


FREDDIE MAC: Notifies NYSE of Plans to Delist Common Stock
----------------------------------------------------------
Freddie Mac notified the New York Stock Exchange of its intent to
delist its common stock and the 20 listed classes of its preferred
stock.

This notice was made pursuant to a directive by the Federal
Housing Finance Agency, Freddie Mac's conservator, requiring
Freddie Mac to delist its common and preferred securities from the
NYSE.  According to a press release by FHFA, the Acting Director
of FHFA issued similar directives to both Freddie Mac and Fannie
Mae.

The transition to the OTCBB will not affect the Company's
obligation to file periodic and certain other reports with the SEC
under applicable federal securities laws.

                        About Freddie Mac

Based in McLean, Virginia, Freddie Mac (NYSE: FRE)
-- http://www.FreddieMac.com/-- was established by Congress in
1970 to provide liquidity, stability and affordability to the
nation's residential mortgage markets.  The Company's
participation in the secondary mortgage market includes providing
its credit guarantee for residential mortgages originated by
mortgage lenders and investing in mortgage loans and mortgage-
related securities.  The Company earns management and guarantee
fees for providing its guarantee and performing management
activities (such as ongoing trustee services, administration of
pass-through amounts, paying agent services, tax reporting and
other required services) with respect to issued PCs and Structured
Securities.

Freddie Mac is under conservatorship and is dependent upon the
continued support of Treasury and FHFA to continue operating its
business.  The Company received $6.1 billion and $30.8 billion in
June 2009 and March 2009, respectively, pursuant to draw requests
that FHFA submitted to Treasury on the Company's behalf to address
the deficits in the Company's net worth as of March 31, 2009, and
December 31, 2008, respectively.  As a result of funding of the
draw requests, the aggregate liquidation preference on the senior
preferred stock owned by Treasury increased from $14.8 billion as
of December 31, 2008, to $51.7 billion on December 31, 2009.


FREESCALE SEMICON: Bank Debt Trades at 12% Off in Secondary Market
------------------------------------------------------------------
Participations in a syndicated loan under which Freescale
Semiconductor, Inc., is a borrower traded in the secondary market
at 87.91 cents-on-the-dollar during the week ended June 18, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 0.80
percentage points from the previous week, The Journal relates.
The Company pays 425 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Feb. 16, 2016, and carries
Moody's B2 rating and Standard & Poor's B- rating.  The debt is
one of the biggest gainers and losers among 184 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Freescale Semiconductor, Inc. -- http://www.freescale.com/-- once
Motorola's Semiconductor Products Sector, is one of the oldest and
most diverse makers of microchips in the world.  It produces many
different kinds of chips for use in automobiles, computers,
industrial equipment, wireless communications and networking
equipment, and other applications.  The company's global client
roster includes such blue-chip companies as Alcatel-Lucent, Bosch,
Cisco Systems, Fujitsu, Hewlett-Packard, QUALCOMM, and Siemens, as
well as former parent Motorola.  Freescale nets about half of its
sales from the Asia/Pacific region.  The Blackstone Group, The
Carlyle Group, Permira Advisers, and TPG Capital own the company.


GARDNER DENVER: Moody's Raises Corporate Family Rating to 'Ba1'
---------------------------------------------------------------
Moody's Investors Service has upgraded the corporate family rating
of Gardner Denver, Inc., to Ba1 from Ba2 and the rating on the
$125 million senior subordinated notes due 2013 to Ba2 from B1.
The rating outlook is stable.

The ratings upgrade was prompted by the substantial debt reduction
executed by GDI during the deep cyclical downturn that followed
its debt-financed acquisition of CompAir in October 2008.  GDI's
commitment to its conservative fiscal policies, low leverage and
strong liquidity profile is key to this action as it helped to
mitigate the company's exposure to cyclically weak end-markets
that include the industrial manufacturing, land-based upstream
energy, downstream energy, and transportation sectors.  Further,
the Ba1 rating incorporates GDI's solid credit metrics, sizeable
aftermarket presence, global diversification and leadership
position across its broad portfolio of compressors, blowers and
pumps.

Conversely, the rating is constrained by the company's relatively
small revenue base, exposure to cyclical end-markets and
propensity to execute sizeable debt-financed acquisitions.  While
GDI's aggressive acquisition strategy injects both integration and
execution risk into GDI's credit profile, the company has a long
and successful history of integrating new acquisitions and
repaying acquisition related debt.  At the Ba1 rating level,
Moody's expects that GDI would have the capacity to restore credit
metrics following any acquisition, independently or in the
aggregate, within a 12 to 18 month period.

The stable outlook reflects Moody's expectation that the modest
top line growth seen in first quarter of 2010 will be sustained
over the near term as the manufacturing sector continues its slow
recovery.  However, headwinds from limited investment in capacity
additions by customers and weak backlogs in its engineered
products business, particularly as it relates to new drilling
pumps, are likely to temper organic growth.  Margins are also
expected to build on positive momentum in the first quarter as
benefits from the streamlining of its global operations, headcount
reductions and lean initiatives are leveraged across the
increasing order volumes.  Further, Moody's anticipates a modest
decline in free cash flow in 2010, despite lower restructuring
costs, as GDI reinvests in working capital to support growth and a
full year of dividends are paid.

The two notch upgrade of the senior subordinated bonds to Ba2 is
driven by the repayment of unrated senior term loans and related
increase the notes proportionate share of the capital structure.

These ratings were upgraded:

  -- Corporate family rating to Ba1 from Ba2;

  -- Probability of default rating to Ba1 from Ba2; and

  -- $125 million senior subordinated notes due 2013 to Ba2 (LGD6,
     92%) from B1 (LGD 6, 93%)

These ratings were affirmed:

  -- SGL-1 speculative grade liquidity rating.

The last rating action was on May 4, 2009, when the speculative
grade liquidity rating was upgraded to SGL-1 from SGL-2.

Headquartered in Quincy, Illinois, GDI is a leading worldwide
manufacturer of highly engineered products, including compressors,
liquid ring pumps and blowers for various industrial, medical,
environmental, transportation and process applications, pumps used
in the petroleum and industrial market segments and other fluid
transfer equipment, such as loading arms and dry break couplers,
serving chemical, petroleum and food industries.  Revenue for the
12 months ended March 31, 2010, were roughly $1.7 billion.


GATEWAY REAL: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Gateway Real Estate Investments, LLC
        131 South Cliffwood Avenue
        Los Angeles, CA 90049
        Tel: (310) 396-4400

Bankruptcy Case No.: 10-34506

Chapter 11 Petition Date: June 16, 2010

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Samuel L. Bufford

Debtor's Counsel: Michael H. Weiss, Esq.
                  Weiss & Spees
                  1925 Century Park E Ste 650
                  Los Angeles, CA 90064
                  Tel: (424) 245-3100
                  Fax: (424) 245-3101
                  E-mail: mw@weissandspees.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its largest unsecured creditors
together with its petition.

The petition was signed by Jamie Andrew Mazur, managing member.


GENERAL LAND: Gets Court's Interim Nod to Use Cash Collateral
-------------------------------------------------------------
General Land Corporation sought and obtained interim authorization
from the Hon. Joan N. Feeney of the U.S. Bankruptcy Court for the
District of Massachusetts to use cash collateral until June 29,
2010.

The Debtor is an affiliate of SW Boston Hotel Venture, LLC.  In
December 2008, the Debtor pledged certain of its assets as
collateral for a loan from The Prudential Insurance Company of
America to SW Boston.

SW Boston owns the W Boston Hotel and Residences project.  To fund
the construction of the Project, SW Boston borrowed funds from
Prudential and the City of Boston.  As a condition to the
financing of the Project, Prudential required that the Debtor
guaranty, among other things, SW Boston's obligations to
Prudential, and the City required that the Debtor guaranty, among
other things, SW Boston's obligations to the City.

D. Ethan Jeffery, Esq., at Hanify & King, P.C., the attorney for
the Debtor, explained that the Debtor needs the money to fund its
Chapter 11 case, pay suppliers and other parties.  The Debtors
will use the collateral pursuant to a budget, a copy of which is
available for free at:

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

In exchange for using the cash collateral, the Debtor will grant
the prepetition lenders replacement liens.

The Court has set a final hearing for June 29, 2010, at 1:30 p.m.
on the Debtor's request to use cash collateral.

Boston, Massachusetts-based General Land Corporation filed for
Chapter 11 bankruptcy protection on June 4, 2010 (Bankr. D. Mass.
Case No. 10-16174).  Harold B. Murphy, Esq., at Hanify & King, P.
C., assists the Company on its restructuring effort.  The Company
listed $1,000,001 to $10,000,000 in assets and $100,000,001 to
$500,000,000 in liabilities.


GENERAL MOTORS: Withdraws Requests for Loan Guarantees in Europe
----------------------------------------------------------------
BankruptcyData.com reports that General Motors (GM) announced that
the Company and Opel/Vauxhall have decided to withdraw all
applications for government loan guarantees across Europe.

According to the corporate release, "There have been no material
alterations in the funding requirements of Opel/Vauxhall as set
out in the Viability Plan announced seven months ago.  The
validity and reasons for requesting government guarantees have
also not changed, but the process has proven to be much more
complex and longer than anticipated and the results are still not
finalized or certain.  In these circumstances, and given the need
to progress the plan quickly, it has been decided to fund the
requirements internally.  GM's recently improved financial
strength has also been a catalyst for making this decision."

"We appreciate the support indicated by certain governments,
especially the UK and Spain, but we need to move on," said Nick
Reilly, president of GM Europe and Chairman of the Management
Board of Opel/Vauxhall.  "The decision of the German government
last week was disappointing and means that the conclusion of these
guarantees is again likely to be months away.  To be clear, our
funding needs have not changed and we were led to believe that
loan guarantees made available to other European companies under
the EU program to help offset the impact of the global economic
crisis, would be equally available to Opel/Vauxhall. But, after a
very long process defined by governments, this has turned out not
to be the case," he said.

"We are grateful for the decision and support of our parent
company, which will allow us to move forward with confidence in
this very competitive industry.  We cannot afford to have
uncertain funding plans and new time-consuming complex
negotiations at this time when we need to keep investing in new
products and technologies.  With these new products and the impact
of restructuring, we expect to return to profitability shortly,"
Reilly added.

                        About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 207,000 people in every major region of
the world and does business in some 140 countries.  GM and its
strategic partners produce cars and trucks in 34 countries, and
sell and service these vehicles through the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Opel,
Vauxhall and Wuling. GM's largest national market is the United
States, followed by China, Brazil, Germany, the United Kingdom,
Canada, and Italy.  GM's OnStar subsidiary is the industry leader
in vehicle safety, security and information services.

GM acquired its operations from General Motors Company, n/k/a
Motors Liquidation Company, on July 10, 2009, pursuant to a sale
under Section 363 of the Bankruptcy Code.  Motors Liquidation or
Old GM is the subject of a pending Chapter 11 reorganization case
before the U.S. Bankruptcy Court for the Southern District of New
York.

At March 31, 2010, GM had US$136.021 billion in total assets,
total liabilities of US$105.970 billion and preferred stock of
US$6.998 billion, and non-controlling interests of US$814 million,
resulting in total equity of US$23.053 billion.

                   About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  General Motors changed its name to Motors
Liquidation Co. following the sale of its key assets to a company
60.8% owned by the U.S. Government.

The Honorable Robert E. Gerber presides over the Chapter 11 cases.
Harvey R. Miller, Esq., Stephen Karotkin, Esq., and Joseph H.
Smolinsky, Esq., at Weil, Gotshal & Manges LLP, assist the Debtors
in their restructuring efforts.  Al Koch at AP Services, LLC, an
affiliate of AlixPartners, LLP, serves as the Chief Executive
Officer for Motors Liquidation Company.  GM is also represented by
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel.  Cravath, Swaine, & Moore LLP is providing legal advice
to the GM Board of Directors.  GM's financial advisors are Morgan
Stanley, Evercore Partners and the Blackstone Group LLP.

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


GREAT ATLANTIC: S&P Junks Corporate Credit Rating From 'B-'
-----------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Montvale, N.J.-based The Great Atlantic & Pacific
Tea Co. Inc. to 'CCC+' from 'B-'.  The rating outlook is
developing.

At the same time, S&P lowered its senior secured debt rating to
'CCC+' from 'B-'.  The recovery rating on the debt remains '4',
indicating S&P's expectation of average (30%-50%) recovery for
noteholders in the event of a payment default.  S&P also lowered
the senior unsecured debt rating to 'CCC-' from 'CCC', keeping the
recovery rating at '6', indicating S&P's expectation of negligible
(0%10%) recovery for noteholders in the event of a payment
default.  In addition, S&P lowered the rating on the convertible
preferred stock to 'CC' from 'CCC-'.

Also, S&P is assigning a preliminary 'CCC+' senior secured debt
rating and a preliminary 'CCC-' senior unsecured and subordinated
debt rating to the company's $500 million Rule 415 shelf filing.

"The rating on A&P reflects its highly leveraged capital
structure, meaningful multiemployer pension liability, limited
free cash flow generation, and geographic concentration in the New
York and New Jersey metropolitan area, said Standard & Poor's
credit analyst Jayne M. Ross.  Other factors include its
participation in the highly competitive supermarket industry and
continued very weak supermarket performance.

"The company is very highly leveraged, and S&P is concerned that
liquidity may not be adequate over the next year if current
operating trends continue," added Ms. Ross.  At Feb. 27, 2010, A&P
had about $3.5 billion of adjusted debt (including multiemployer
withdrawal liability, unfunded pension liability, capitalized
lease obligations, real-estate liability, and self-insurance
reserves).  The ratio of adjusted debt to EBITDA was 12.1x, while
EBITDA coverage of interest was about 0.9x at Feb. 27, 2010.


GREAT ATLANTIC: German Retailer Discloses 52.7% Stake
-----------------------------------------------------
Tengelmann Warenhandelsgesellschaft KG; Tengelmann Verwaltungs-und
Beteiligungs GmbH,; Emil Capital Partners, LLC; Christian Wilhelm
Erich Haub; Karl-Erivan Warder Haub; and Erivan Karl Haub
disclosed that as of June 6, 2010, they may be deemed the
beneficial owners -- through Tengelmann and ECP -- of 35,785,764
shares or roughly 52.7% of the common stock of The Great Atlantic
& Pacific Tea Company, Inc.

The shares of Common Stock include (i) 22,495,371 of the shares of
Common Stock held by Tengelmann, (ii) 1,290,393 of the shares of
Common Stock held by ECP and (iii) 12,000,000 shares of Common
Stock issuable to Tengelmann upon the conversion of 60,000 shares
of the Series A-T Preferred Stock, which shares will be
convertible into shares of the Common Stock beginning on August 5,
2010, and share the power to vote, or direct the vote of, and the
power to dispose and direct the disposition of, such shares of
Common Stock.

Tengelmann and ECP hold the shares of Common Stock they own as an
investment.

Germany-based Tengelmann is engaged in general retail marketing.
It owns, operates and has investments in, through affiliated
companies and subsidiaries, several chains of stores, which
principally sell grocery and department store items throughout the
Federal Republic of Germany, other European countries and the
United States.  The general partners of Tengelmann are TVB and two
of Erivan Karl Haub's sons, Christian Wilhelm Erich Haub and Karl-
Erivan Warder Haub.  CH and KEH are co-Chief Executive Officers
and Managing Directors of Tengelmann.  Tengelmann's limited
partners are EKH and Georg Rudolf Otto Haub, EKH's third son.  GH
is a Managing Director of a company affiliated with Tengelmann.
EKH owns 6% of the economic and voting interests of Tengelmann,
with the remainder equally divided among CH, KEH and GH.

TVB is the sole managing partner of Tengelmann.

ECP is engaged primarily as an investment, management and
consulting entity of the Tengelmann group, currently focused on
business activities in North America.  Tengelmann holds 100% of
the outstanding membership interests of ECP.

CH is and has been a member of the Board of Directors of the
Company since December 3, 1991.  CH has served as Executive
Chairman of the Board and Chair of the Executive Committee of the
Company since August 15, 2005.  CH also has served as Interim
President and CEO of the Company from October 20, 2009 through
February 8, 2010, Chairman of the Board from May 1, 2001 through
August 15, 2005 and Chief Executive Officer of the Company from
May 1, 1998 through August 15, 2005.  In addition, CH served as
President of the Company from December 7, 1993 through February
24, 2002, and from November 4, 2002 through November 15, 2004.

                            About A&P

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc. (A&P, NYSE Symbol: GAP), founded in 1859, is one of
the nation's first supermarket chains.  The Company operates 429
stores in 8 states and the District of Columbia under the
following trade names: A&P, Waldbaum's, Pathmark, Pathmark Sav-a-
Center, Best Cellars, The Food Emporium, Super Foodmart, Super
Fresh and Food Basics.

At February 27, 2010, the Company had total assets of
$2,827,217,000 against total liabilities of $3,223,663,000 and
Series A redeemable preferred stock of $132,757,000, resulting in
stockholders' deficit of $529,203,000.


GREAT ATLANTIC: BofA Holds Less Than 5% of Common Stock
-------------------------------------------------------
Bank of America Corporation disclosed that as of May 31, 2010, it
has become a less than 5% shareholder of The Great Atlantic &
Pacific Tea Company, Inc.

                            About A&P

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc. (A&P, NYSE Symbol: GAP), founded in 1859, is one of
the nation's first supermarket chains.  The Company operates 429
stores in 8 states and the District of Columbia under the
following trade names: A&P, Waldbaum's, Pathmark, Pathmark Sav-a-
Center, Best Cellars, The Food Emporium, Super Foodmart, Super
Fresh and Food Basics.

At February 27, 2010, the Company had total assets of
$2,827,217,000 against total liabilities of $3,223,663,000 and
Series A redeemable preferred stock of $132,757,000, resulting in
stockholders' deficit of $529,203,000.


GREAT LAKES: Oil Spill Won't Affect Moody's 'B2' Corp. Rating
-------------------------------------------------------------
Moody's Investors Service said Great Lakes Dredge and Dock Corp.'s
B2 corporate family rating and stable outlook are unaffected by
the company's announcement of increased dredging work arising from
the Deepwater Horizon oil spill.  The work should benefit 2010
equipment utilization and performance, but Moody's view the impact
as not being of a magnitude to affect ratings.

Moody's last rating action on GLDD occurred November 13, 2009,
when the corporate family rating was upgraded to B2 from B3.

Great Lakes Dredge & Dock Corporation founded in 1890 and
headquartered in Oak Brook, Illinois is the largest provider of
dredging services in the United States.  Revenues for the last 12
month revenues ended March 31, 2010, were $604 million.


GRAU CONTRACTING: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Grau Contracting, Inc.
        3300 Panel Way
        Saint Charles, MO 63301

Bankruptcy Case No.: 10-46815

Chapter 11 Petition Date: June 17, 2010

Court: U.S. Bankruptcy Court
       Eastern District of Missouri (St. Louis)

Judge: Kathy A. Surratt-States

Debtor's Counsel: Daniel D. Doyle, Esq.
                  E-mail: ddoyle@spencerfane.com
                  Nicholas A. Franke, Esq.
                  E-mail: nfranke@spencerfane.com
                  Spencer, Fane et al.
                  1 North Brentwood Boulevard, #1000
                  St. Louis, MO 63105-3925
                  Tel: (314) 863-7733
                  Fax: (314) 862-4656

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A copy of the Company's list of 20 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/moeb10-46815.pdf

The petition was signed by Gerald Schierding, secretary.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Gateway Panel, Inc.                   --                        --


GUADALUPE ARAMBULO: Case Summary & 5 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Guadalupe Arambulo
          dba The Gerv Asia Enterprises Living 1993 Trust
        11230 Peachgrove Street, #305
        North Hollywood, CA 91601

Bankruptcy Case No.: 10-21229

Chapter 11 Petition Date: June 16, 2010

Court: U.S. Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Bruce A. Markell

Debtor's Counsel: Mark C. Hafer, Esq.
                  6725 Via Austi Parkway, Suite 200
                  Las Vegas, NV 89119
                  Tel: (702) 386-8637
                  Fax: (702) 385-3025
                  E-mail: mhafer@lawrosen.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

According to the schedules, the Debtor says that assets total
$1,943,080 while debts total $2,680,754.

A copy of the Debtor's list of 5 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nvb10-21229.pdf

The petition was signed by the Debtor.


HCA INC: Bank Debt Trades at 5% Off in Secondary Market
-------------------------------------------------------
Participations in a syndicated loan under which HCA Inc. is a
borrower traded in the secondary market at 94.60 cents-on-the-
dollar during the week ended Friday, June 18, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 0.69 percentage
points from the previous week, The Journal relates.  The Company
pays 225 basis points above LIBOR to borrow under the facility.
The bank loan matures on Nov. 6, 2013, and carries Moody's Ba3
rating and Standard & Poor's BB rating.  The debt is one of the
biggest gainers and losers among 184 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

According to the Troubled Company Reporter on May 11, 2010,
Standard & Poor's placed its 'B+' corporate credit rating on
hospital giant HCA Inc. and S&P's ratings on its secured and
unsecured debt on CreditWatch with positive implications.  "The
speculative-grade rating on HCA continues to reflect S&P's view
that the largest U.S. owner and operator of acute health care
facilities is particularly sensitive to reduced capacity
utilization and pricing," said Standard & Poor's credit analyst
David Peknay, "by virtue of the significant debt leverage assumed
in its November 2006 leveraged buyout."

Moody's Investors Service placed the ratings of HCA, Inc.,
including the B2 Corporate Family and Probability of Default
Ratings, under review for possible upgrade.  This rating action
follows the announcement that the company has filed a Form S-1 in
contemplation of an initial public offering.

Headquartered in Nashville, Tennessee, HCA is the nation's largest
acute care hospital company with 162 hospitals and 106
freestanding surgery centers (including eight hospitals and eight
freestanding surgery centers that are accounted for using the
equity method) as of March 31, 2010.  For the twelve months ended
March 31, 2010, the company recognized revenue in excess of
$30 billion.


HERCULES OFFSHORE: Bank Debt Trades at 14% Off in Secondary Market
------------------------------------------------------------------
Participations in a syndicated loan under which Hercules Offshore,
Inc., is a borrower traded in the secondary market at 86.40 cents-
on-the-dollar during the week ended Friday, June 18, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents a drop of 1.05
percentage points from the previous week, The Journal relates.
The Company pays 650 basis points above LIBOR to borrow under the
facility.  The bank loan matures on July 11, 2013, and carries
Moody's B2 rating and Standard & Poor's B- rating.  The debt is
one of the biggest gainers and losers among 184 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

As reported by the Troubled Company Reporter on June 10, 2010,
Standard & Poor's took several rating actions on eight U.S. oil
and gas companies, including Hercules Offshore, Inc., following an
industry review.  S&P's review of the sector follows its release
on June 1, 2010, which indicated S&P would review companies with
operating exposure to the Gulf of Mexico following the U.S.
Department of the Interior's extension of the moratorium on
drilling permits.  The six-month moratorium affects permits issued
for new drilling operations at water depths greater than 500 feet.
S&P believes that when the moratorium is eventually lifted, there
could be extensive delays in issuing new permits due to high
initial volume and new safety and operating standards imposed.

S&P downgraded Hercules Offshore's rating from (B/Negative/--) to
(B-/Negative/--).

The rating actions also reflect S&P's heightened concerns about
the burgeoning scope of the Macondo well disaster.  The flow of
oil into the Gulf of Mexico is likely to continue until at least
August.  Uncertainty about the ultimate remediation cost and
potential financial liabilities associated with the disaster has
already resulted in a rating downgrade of the corporate credit
rating of BP PLC (AA-/Watch Neg/A-1+).

Hercules Offshore, Inc. (NASDAQ: HERO) --
http://www.herculesoffshore.com/-- provides shallow-water
drilling and marine services to the oil and natural gas
exploration and production industry in the United States, Gulf of
Mexico and internationally.  The Company provides these services
to integrated energy companies, independent oil and natural gas
operators and national oil companies.  The Company operates in six
business segments: Domestic Offshore, International Offshore,
Inland, Domestic Liftboats, International Liftboats and Delta
Towing.


HIBISCUS SUITES: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Hibiscus Suites, LLC
        1735 Stickney Point Rd.
        Sarasota, FL 34231

Bankruptcy Case No.: 10-14487

Chapter 11 Petition Date: June 17, 2010

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Judge: Catherine Peek McEwen

Debtor's Counsel: Buddy D. Ford, Esq.
                  115 N. MacDill Avenue
                  Tampa, FL 33609-1521
                  Tel: (813) 877-4669
                  Fax: (813) 877-5543
                  E-mail: Buddy@tampaesq.com

Scheduled Assets: $750,500

Scheduled Debts: $7,064,853

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flmb10-14487.pdf

The petition was signed by Robert M. Brilliant, manager.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Robert M. & Cheryl P. Brilliant        10-14485    06/17/10


HUTTLESTON HOUSE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Huttleston House, Inc.
        111 Huttleston Avenue
        Fairhaven, MA 02719

Bankruptcy Case No.: 10-16605

Chapter 11 Petition Date: June 17, 2010

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Judge: William C. Hillman

Debtor's Counsel: Stephen E. Shamban, Esq.
                  Stephen E. Shamban Law Offices, P.C.
                  222 Forbes Road, Suite 208
                  P.O. Box 850973
                  Braintree, MA 02185-0973
                  Tel: (781) 849-1136
                  E-mail: sshamban@yahoo.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $100,001 to $500,000

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/mab10-16605.pdf

The petition was signed by E. Michael Bobola, company's president.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Edward Michael and Joanne Bobola       09-17134   07/29/09
Mikey B's, Inc.                        10-16444   06/14/10


INFOLOGIX INC: McGladrey & Pullen to Resign as Accountant
---------------------------------------------------------
InfoLogix Inc. reported that McGladrey & Pullen LLP is resigning
as independent registered public accounting firm, effective
immediately.  The termination of the auditor-client relationship
was subsequently confirmed in writing.

McGladrey & Pullen's report on the Company's financial statements
for the two most recent fiscal years ended December 31, 2009 and
2008, did not contain an adverse opinion or disclaimer of opinion,
and was not qualified or modified as to uncertainty, audit scope,
or accounting principles.  The report, however, did contain an
explanatory paragraph disclosing the uncertainty regarding the
ability of the Company to continue as a going concern.

During the two most recent fiscal years ended December 31, 2009
and 2008, and through the date of this report, the Company did not
have any disagreements with McGladrey & Pullen on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements,
if not resolved to the satisfaction of McGladrey & Pullen, would
have caused the Company to make reference to the subject matter of
the disagreement in connection with this report.

In connection with its audit of the Company's consolidated
financial statements for the year ended December 31, 2009,
McGladrey & Pullen identified deficiencies in internal control
that constitute a material weakness.  The material weakness
relates to the Company's accounting for a transaction with its
senior lender.  The Company has taken and continues to take steps
to remediate the deficiencies.

                       About InfoLogix Inc.

Based in Hatboro, Pennsylvania, InfoLogix, Inc. (NASDAQ: IFLG) --
http://www.infologix.com/-- provides end-to-end solutions for
electronic medical record and supply chain implementation and
mobilization, with experience in over 2,200 hospitals and
businesses nationwide.  InfoLogix assists its healthcare and
commercial customers by implementing and optimizing EMR and SCM
systems, offers mobility to caregivers and workforces by making
data accessible directly at the point of care or point of
activity, and manages operations with services to improve clinical
and financial performance and supply chain with services to drive
greater efficiency.

The Company's balance sheet at March 31, 2010, showed
$34.0 million in total assets and $39.0 million in total
liabilities, for a total stockholders' deficit of $4.9 million.

McGladrey & Pullen, LLP, in Blue Bell, Pa., expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that the Company has suffered
recurring losses from operations, has negative working capital and
an accumulated deficit as of December 31, 2009.


JAMES LAKE, SR: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: James Garfield Lake, Sr.
               Patricia A. Lake
               4154 Ivy Lane
               Kitty Hawk, NC 27949

Bankruptcy Case No.: 10-04868

Chapter 11 Petition Date: June 17, 2010

Court: U.S. Bankruptcy Court
       Eastern District of North Carolina (Wilson)

Judge: Stephani W. Humrickhouse

Debtor's Counsel: Michael P. Peavey, Esq.
                  P.O. Box 1115
                  Wilson, NC 27894-1115
                  Tel: (252) 291-8020
                  Fax: (252) 291-8309
                  E-mail: mpeavey@peaveylaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A copy of the Debtor's list of 20 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/nceb10-04868.pdf

The petition was signed by the Joint Debtors.


JAYHAWK ENERGY: Posts $2.3 Million Net Loss in Q2 Ended March 31
----------------------------------------------------------------
JayHawk Energy, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $2.3 million on $194,813 of revenue for
the three months ended March 31, 2010, compared with a net loss of
$498,452 on $90,812 of revenue for the same period a year ago.

The Company's balance sheet as of March 31, 2010, showed
$10.2 million in assets, $2.3 million of liabilities, and
$7.9 million of stockholders' equity.

BehlerMick PS, in Spokane, Washington, expressed substantial doubt
about the Company's ability to continue as a going concern after
auditing the Company's financial statements for the year ended
September 30, 2009.  The independent auditors noted that of the
Company's accumulated deficit and lack of revenues.

A full-text copy of the quarterly report is available for free at:

               http://researcharchives.com/t/s?650f

Based in Post Falls, Idaho, JayHawk Energy, Inc. (OTC BB: JYHW) --
http://www.jayhawkenergy.com/-- is a managed risk, oil and gas
exploration/exploitation, development and production company with
activities focused on two major projects in the Cherokee Basin,
Kansas and the Williston Basin, North Dakota.  Because of limited
funding, exploration activities were not conducted during the
years ended September 30, 2009, and 2008.


JEFF CLINE: Federal Judge Dismisses Chapter 11 Case
---------------------------------------------------
Luci Scott at Arizona Business Gazette reports that a federal
judge dismissed the Chapter 11 case of Jeff Cline because the U.S.
Trustee said there is nothing left to reorganize.  Mr. Cline
failed to deposit to Point Center Financial, pay required court
fees, file periodic financial reports, according to the Gazette.


JERRY BOWSER: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Joint Debtors: Jerry Bowser
               Michelle Bowser
               1661 Arabian Drive
               Henderson, NV 89002

Bankruptcy Case No.: 10-21256

Chapter 11 Petition Date: June 16, 2010

Court: U.S. Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Bruce A. Markell

Debtor's Counsel: Gary S. Fink, Esq.
                  6600 W. Charleston Boulevard, Suite 134
                  Las Vegas, NV 89146
                  Tel: (702) 834-7500
                  Fax: (702) 834-7505
                  E-mail: gary@omarlaw.com

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

According to the schedules, the Debtors say that assets total $0
while debts total $3,305,302.

A copy of the Joint Debtors' list of 20 largest unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/nvb10-21256.pdf

The petition was signed by the Joint Debtors.


JESSE OROZCO, III: Case Summary & 17 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Jesse Antonio Orozco, III
        9080 Sheep Ranch Court
        Las Vegas, NV 89143

Bankruptcy Case No.: 10-21271

Chapter 11 Petition Date: June 17, 2010

Court: U.S. Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Bruce A. Markell

Debtor's Counsel: David A Riggi, Esq.
                  5550 Painted Mirage Road #120
                  Las Vegas, NV 89149
                  Tel: (702) 808-0359
                  E-mail: darnvbk@gmail.com

Estimated Assets: $100,001 to $500,000

Estimated Debts: $1,000,001 to $10,000,000

A copy of the Debtor's list of 17 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/nvb10-21271.pdf

The petition was signed by the Debtor.


JOHN WITTRIG: Case Summary & 10 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: John Jay Wittrig
        17348 Grand Island
        Walnut Grove, CA 95690

Bankruptcy Case No.: 10-52330

Chapter 11 Petition Date: June 16, 2010

Court: U.S. Bankruptcy Court
       District of Nevada (Reno)

Judge: Gregg W. Zive

Debtor's Counsel: Stephen R. Harris, Esq.
                  Belding, Harris & Petroni, Ltd
                  417 W Plumb Lane
                  Reno, NV 89509
                  Tel: (775) 786-7600
                  Fax: (775) 786-7764
                  E-mail: steve@renolaw.biz

Estimated Assets: $100,001 to $500,000

Estimated Debts: $1,000,001 to $10,000,000

A copy of the Debtor's list of 10 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/nvb10-52330.pdf

The petition was signed by the Debtor.


JOSE SANTOS: Voluntary Chapter 11 Case Summary
----------------------------------------------
Joint Debtors: Jose Anibal Montanez Santos
                 aka Jose A. Montanez Santos
                 dba Restaurante Don Jose
               Josefa Luque Fernandez
               P.O. Box 1482
               Cidra, PR 00739

Bankruptcy Case No.: 10-05319

Chapter 11 Petition Date: June 16, 2010

Court: U.S. Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Miriam A. Murphy, Esq.
                  Murphy Law Office
                  P.O. Box 372519
                  Cayey, PR 00737
                  Tel: (787) 263-2377
                  Fax: (787) 738-4667
                  E-mail: mamurphy0@prtc.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Joint Debtors did not file a list of creditors together with
its petition.

The petition was signed by the Joint Debtors.


K-V PHARMACEUTICAL: Says 10-K to Contain Going Concern Doubt
------------------------------------------------------------
In a regulatory 8-K filing Tuesday, K-V Pharmaceutical Company
said that the filing of its annual report on Form 10-K for the
fiscal period ended March 31, 2010, will be delayed.  The Company
says that it is unable, at this time, to estimate when the Form
10-K will be filed, but expects that the report of its independent
registered public accounting firm will include an explanatory
paragraph disclosing the existence of substantial doubt regarding
the Company's ability to continue as a going concern.

As previously disclosed, on March 2, 2009, the Company entered
into a consent decree with the FDA regarding the Company's drug
manufacturing and distribution, which was entered by the U.S.
District Court, Eastern District of Missouri, Eastern Division on
March 6, 2009.  The consent decree requires, among other things,
that, before resuming manufacturing, the Company retain and have
an independent expert undertake a review of the Company's
facilities and certify compliance with the FDA's current good
manufacturing practice regulations.  The Company's actions and the
requirements under the consent decree have had a material adverse
effect on the Company's results of operations and liquidity
position.

Also, on December 23, 2008, the Company announced it had
voluntarily suspended all shipments of its FDA approved drug
products in tablet form and, effective January 22, 2009, the
Company voluntarily suspended the manufacturing and shipment of
the remainder of its products, other than three products it
distributes but does not manufacture and which do not generate a
material amount of revenue for the Company.  During the fiscal
year ended March 31, 2010, while not generating any material
revenues as a result of the suspension of shipments, the Company
had to meet ongoing operating costs related to its employees,
facilities and FDA compliance, as well as costs related to the
steps the Company currently is taking to prepare for reintroducing
the Company's approved products to the market.  As a result, the
Company anticipates that it likely will post a net loss for the
fiscal year ended March 31, 2010.

At present, the Company is unable to provide a reasonable estimate
of the results of operations for the fiscal year ended March 31,
2010, due to the ongoing nature of the various matters described
above.

                     About K-V Pharmaceutical

Bridgeton, Missouri-based K-V Pharmaceutical Company (NYSE:
Kva/KVb) -- http://www.kvpharmaceutical.com/-- is a fully
integrated specialty pharmaceutical company that develops,
manufactures, markets, and acquires technology-distinguished
branded prescription pharmaceutical products.  The Company markets
its technology-distinguished products through Ther-Rx Corporation,
its branded drug subsidiary.

                          *     *     *

As reported in the Troubled Company Reporter on March 29, 2010,
KPMG LLP, in St. Louis, Missouri, expressed substantial doubt
about the Company's ability to continue as a going concern after
auditing the Company's financial statements for the fiscal year
ended March 31, 2009.  The independent auditors noted that the
Company suspended the shipment of all products manufactured by the
Company and must comply with a consent decree with the FDA before
approved products can be reintroduced to the market.  "Significant
negative impacts on operating results and cash flows from these
actions including the potential inability of the Company to raise
capital; suspension of manufacturing; significant uncertainties
related to litigation and governmental inquiries; and debt
covenant violations raise substantial doubt about the Company's
ability to continue as a going concern."


K-V PHARMACEUTICAL: Appoints New Independent Member to Board
------------------------------------------------------------
K-V Pharmaceutical Company disclosed that a meeting of the Board
of Directors was held yesterday to nominate and appoint Ms. Ana
Stancic, a new independent member, to the Company's Board of
Directors.

At the meeting, Ms. Ana Stancic was nominated and unanimously
appointed to serve on the K-V Pharmaceutical Company Board of
Directors.

Ms. Stancic replaces Mr. Terry Hatfield, whose resignation from
the Board was effective upon Ms. Stancic's appointment.

Ana I. Stancic, CPA, MBA

Ms. Stancic is a CPA and is also a member of the Board of
Directors of Champions Biotechnology Inc.  Ms. Stancic serves on
its Executive Committee and acts as Chair of its Audit Committee.
She has over 20 years of diversified pharmaceutical business
experience serving as a senior finance and operations executive in
the life science industry, including specializing in the areas of
corporate governance, SEC financial reporting, mergers and
acquisitions, and cash management.  She brings to the Board of
Directors extensive knowledge and experience in long and short
term strategic planning and the development and execution of goals
and objectives to maximize shareholder value.

In her role as a member of the Board of Champions Biotechnology,
Inc., she created a five-year strategic plan after conducting an
in-depth analysis of the Company's operations.  Prior to joining
the Board of Champions Biotechnology, Ms. Stancic served as the
Chief Financial Officer of Aureon Laboratories, a privately held
life science company dedicated to enabling the advancement of
predictive cancer treatment where her responsibilities included
finance, treasury and tax compliance.  During her 20 year business
career, she has also served as the Executive Vice President and
Chief Financial Officer of Omrix Biopharmaceuticals, Inc., prior
to its acquisition by Johnson & Johnson; Senior Vice President and
Principal Financial Officer of ImClone Systems prior to its
acquisition by Eli Lilly & Company; Vice President and Corporate
Controller of Savient Pharmaceuticals, Inc.; Vice President and
Chief Accounting Officer of Ogden Corporation; Chief Financial
Officer, Northeast Region of Omnicare, Inc.; and Senior Manager-
Business Assurance with Pricewaterhouse Coopers.

Ms. Stancic received a Masters of Business Administration, Finance
from Columbia University, a Masters of Business Administration,
Management from Pace University, and a Bachelor of Science in
Accounting, Cum Laude from Montclair State University. She is a
Certified Public Accountant in the State of New Jersey and a
Member of the American Institute of Certified Public Accountants.

Mr. Mark A. Dow, Chairman of the Audit Committee, stated, "The
Board is pleased to announce the appointment of Ms. Stancic to the
K-V Pharmaceutical Board of Directors.  We believe that her
financial and business background will be an asset to the
organization during this time when the Board's primary focus is on
compliance, quality and working diligently with management to gain
FDA approval to return its products back to the market and to
create shareholder value."

Ms. Stancic stated, "I look forward to joining my colleagues on
the Board to work closely with management to continue the forward
progress that they and the entire team at K-V have worked to
achieve in recent months."

                About K-V Pharmaceutical Company

K-V Pharmaceutical Company is a fully-integrated specialty
pharmaceutical company that develops, manufactures, markets and
acquires technology-distinguished branded prescription products.
The Company markets its technology-distinguished products through
Ther-Rx Corporation, its branded drug subsidiary.


LARRY HARTSFIELD: No Discharge for Improper Probate Payment
-----------------------------------------------------------
WestLaw reports that an Arkansas state court judgment previously
entered against an individual Chapter 11 debtor in his capacity as
the trustee of a testamentary trust, for paying $251,000 to an
individual in direct contravention of the testator's will, and for
failing to account for the disposition of assets and keep records
of his activities during his service as trustee, was entitled to
collateral estoppel effect in a subsequent proceeding to except
the judgment debt from discharge as one for debtor's defalcation
while acting in a fiduciary capacity.  The issues presented in the
earlier accounting action possessed the requisite identity with
those in nondischargeability proceeding, and the issues were
actually litigated in the prior accounting action and necessarily
decided by a valid and final judgment.  In re Hartsfield, --- B.R.
----, 2010 WL 2222267. slip op. http://is.gd/cVbMM(Bankr. E.D.
Ark.) (Taylor, J.).

Larry James Hartsfield filed a voluntary bankruptcy petition
(Bankr. E.D. Ark. Case No. 09-13594) on May 20, 2009.  Mr.
Hartsfield, an attorney practicing in Little Rock, Ark.,
represents himself and is also represented by O.C. Rusty Sparks,
Esq., at Clark, Byarlay & Sparks in Little Rock.


LAS VEGAS SANDS: Bank Debt Trades at 11% Off in Secondary Market
----------------------------------------------------------------
Participations in a syndicated loan under which Las Vegas Sands
Corp. is a borrower traded in the secondary market at 88.86 cents-
on-the-dollar during the week ended Friday, June 18, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 0.86
percentage points from the previous week, The Journal relates.
The Company pays 175 basis points above LIBOR to borrow under the
facility.  The bank loan matures on May 1, 2014, and carries
Moody's B3 rating and Standard & Poor's B- rating.  The debt is
one of the biggest gainers and losers among 184 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Based in Las Vegas, Nevada, Las Vegas Sands Corp. (NYSE: LVS) --
http://www.lasvegassands.com/-- owns and operates The Venetian
Resort Hotel Casino, The Palazzo Resort Hotel Casino, and an expo
and convention center.  The company also owns and operates the
Sands Macao, the first Las Vegas-style casino in Macao, China.


LATSHAW DRILLING: Can Access $7.7MM Cash Collateral Until July 30
-----------------------------------------------------------------
The Hon. Dana Rasure of the U.S. Bankruptcy Court for the Northern
District of Oklahoma authorized Latshaw Drilling Company, LLC, and
Latshaw Drilling & Exploration Company, Inc., to use the cash
collateral up to $7,785,844.

The Court is yet to set a date for the Review Hearing for the
Debtors' access to the cash collateral beyond July 30, 2010.

As reported in the Troubled Company Reporter on February 2,
2010,the Debtors' prepetition lenders consist of Lehman Commercial
Paper Inc., Ableco Finance LLC and A3 Funding L.P.

As adequate protection for any diminution in value of the lenders'
collateral, the Debtors will grant the prepetition lenders:

   -- replacement liens, subject to the payment of the U.S.
      Trustee fees and a carve-out;

   -- superpriority administrative claims; and

   -- monthly payments to LCPI and to Ableco of an amount equal to
      interest at the non-default contract rate of interest
      provided under the credit agreement.

As additional adequate protection to the lenders, the Debtors will
continue to maintain insurance coverage with insurance policies
reflecting the lenders as loss payees.

The Debtors' access to the cash collateral will expire on July 30,
or on the occurrence of a termination event.

                  About Latshaw Drilling Company

Tulsa, Oklahoma-based Latshaw Drilling Company LLC filed for
Chapter 11 bankruptcy protection on November 11, 2009 (Bankr.
N.D. Okla. Case No. 09-13572). Mark A. Craige, Esq., at
MorrelSaffaCraige, PC, assists the Company in its restructuring
effort. The Company listed $193,549,066 in assets and $77,940,788
in liabilities in its petition.


LATSHAW DRILLING: Plan Confirmation Hearing Set for July 22
-----------------------------------------------------------
The Hon. Dana Rasure of the U.S. Bankruptcy Court for the Northern
District of Oklahoma will consider the confirmation of Latshaw
Drilling Company, LLC, and Latshaw Drilling & Exploration Company,
Inc.'s proposed Plan of Reorganization on July 22, 2010, at
9:30 a.m., Central Time.  The hearing will be held at Courtroom 1,
First Floor, 224 South Boulder Avenue, Tulsa, Oklahoma.

Objections, if any, are due on July 9, at 5:00 p.m. CT.  Any
party-in-interest may file a written response to any objection to
confirmation of the Plan no later than July 16.

A pre-confirmation-hearing conference will be held on July 15 at
9:30 a.m. CT, for narrowing the issues in dispute, obtaining
stipulations of fact, identifying witnesses and exhibits,
facilitating the admission of evidence, and other pre-hearing
matters.

The last day for the submission of ballots is July 9, at 5:00 p.m.
CT.  The Debtors must file by July 14, a report summarizing the
results of the balloting.

As reported in the Troubled Company Reporter on April 24, 2010,
according to the Disclosure Statement, the Plan proposes that the
Debtors will continue to operate their businesses in a manner
similar to their prepetition operations, and that they will repay
all of the creditors of the Debtors in full, in cash either by a
one-time cash payment or in deferred cash payments over time, with
interest.

Under the Plan, all allowed secured claims will be paid in full
with interest over a commercially reasonable repayment term and
will retain all liens securing their claims. The Debtors have
negotiated treatment for the claims of Abelco and PeoplesBank, but
not for the Lehman Lender, who has a disputed claim.

The Debtors do not believe there are any unpaid priority claims
owed to taxing authorities, however, to the extent any claims are
allowed, then the claims will be paid in deferred cash payments or
in cash.

Unsecured claims greater than $35,000 will be paid in full in
deferred cash payments with interest over a term of 4 months;
while unsecured creditors of less than $35,000 will be paid in
full in cash with 30 days after the effective date.

Interest holders claimants will retain their interests.

A full-text copy of the amended Disclosure Statement is available
for free at http://bankrupt.com/misc/LatshawDrilling_AmendedDS.pdf

                  About Latshaw Drilling Company

Tulsa, Oklahoma-based Latshaw Drilling Company LLC filed for
Chapter 11 bankruptcy protection on November 11, 2009 (Bankr.
N.D. Okla. Case No. 09-13572). Mark A. Craige, Esq., at
MorrelSaffaCraige, PC, assists the Company in its restructuring
effort. The Company listed $193,549,066 in assets and $77,940,788
in liabilities in its petition.


LATSHAW DRILLING: Asks for Aug. 31 Extension of Exclusive Period
----------------------------------------------------------------
Latshaw Drilling Company, LLC, and Latshaw Drilling & Exploration
Company, Inc., ask the U.S. Bankruptcy Court for the Northern
District of Oklahoma to extend their exclusive period to solicit
acceptances for their proposed plan of reorganization until the
end of August 2010.

As reported in the Troubled Company Reporter on April 24, 2010,
Latshaw has filed a plan that contemplates the Debtors continuing
to operate their businesses in a manner similar to their
prepetition operations, and that they will repay all of the
creditors of the Debtors in full, in cash either by a one-time
cash payment or in deferred cash payments over time, with
interest.

The Debtors, however, need an extension of the exclusive period to
have additional time to negotiate plan treatment for the secured
claims of Lehman Commercial Paper, Inc., the largest secured
creditor.

                  About Latshaw Drilling Company

Tulsa, Oklahoma-based Latshaw Drilling Company LLC filed for
Chapter 11 bankruptcy protection on November 11, 2009 (Bankr.
N.D. Okla. Case No. 09-13572). Mark A. Craige, Esq., at
MorrelSaffaCraige, PC, assists the Company in its restructuring
effort. The Company listed $193,549,066 in assets and $77,940,788
in liabilities in its petition.


LEAP WIRELESS: Grants Equity Awards to New Cricket Employees
------------------------------------------------------------
Leap Wireless International, Inc., issued inducement awards to new
non-executive employees.  The awards were made on June 14, 2010,
under Leap's 2009 Employment Inducement Equity Incentive Plan,
which provides for the granting of equity awards to new employees
of Cricket Communications, Inc. as an inducement to join the
company.

The inducement awards consist of 10,550 shares of restricted stock
and options to purchase up to 20,750 shares of Leap common stock.
The options have a ten year term and an exercise price equal to
the fair market value of Leap common stock on the date of grant.
The awards vest in four years, with the shares of restricted stock
vesting in 25% equal increments on the second and third
anniversaries of the date of grant and 50% on the fourth
anniversary of the date of grant, and the options vesting in equal
25% annual increments.

                       About Leap Wireless

Headquartered in San Diego, California, Leap Wireless
International, Inc. (NASDAQ: LEAP) -- http://www.leapwireless.com/
-- and its joint ventures provide wireless services in 34 states
and the District of Columbia and hold licenses in 35 of the top 50
U.S. markets.  Through its affordable, flat-rate service plans,
Cricket offers customers a choice of unlimited voice, text, high-
speed data and mobile Web services.

Leap spun out from Qualcomm Inc. in 1998 and expanded primarily
into rural markets.  It has customers in 34 states and annual
sales around $2.3 billion, making it the seventh-largest wireless
carrier in the U.S., according to The Wall Street Journal.

At March 31, 2010, the Company had total assets of $5,259,706,000
from total liabilities of $3,578,532,000 and redeemable non-
controlling interests of $51,768,000, resulting in stockholders'
equity of $1,629,406,000.

The Troubled Company Reporter on February 2, 2010, citing The Wall
Street Journal's Jeffrey McCracken and Niraj Sheth, said Leap
Wireless has hired Goldman Sachs Group and formed a special board
committee to look into selling the company or merging with rivals.

                         *     *     *

According to the Troubled Company Reporter on April 29, 2009,
Standard & Poor's Ratings Services revised its outlook on Leap
Wireless International Inc. to positive from stable.  At the same
time, S&P affirmed its ratings on the San Diego-based wireless
carrier, including the "B-" long-term corporate credit rating and
"B+" secured bank loan rating on subsidiary Cricket Communications
Inc.


LEVEL 3 COMMS: Bank Debt Trades at 11% Off in Secondary Market
--------------------------------------------------------------
Participations in a syndicated loan under which Level 3
Communications, Inc., is a borrower traded in the secondary market
at 89.29 cents-on-the-dollar during the week ended June 18, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents a drop of 0.65
percentage points from the previous week, The Journal relates.
The Company pays 225 basis points above LIBOR to borrow under the
facility.  The bank loan matures on March 1, 2014, and carries
Moody's B1 rating and Standard & Poor's B+ rating.  The debt is
one of the biggest gainers and losers among 184 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Headquartered in Broomfield, Colorado, Level 3 Communications,
Inc., is a publicly traded international communications company
with one of the world's largest communications and Internet
backbones.

Level 3 Communications carries a 'Caa1' corporate family rating,
and 'Caa2' probability of default rating, with negative outlook
from Moody's, a 'B-' issuer default rating from Fitch, and 'B-'
long term issuer credit ratings from Standard & Poor's.


LG GUIJARRO: Case Summary & 2 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: LG Guijarro Trust
          aka Fideicomiso LG Guijarro Trust
        P.O. Box 13966
        San Juan, PR 00908

Bankruptcy Case No.: 10-05303

Chapter 11 Petition Date: June 16, 2010

Court: U.S. Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Luis D. Flores Gonzalez, Esq.
                  Luis D Flores Gonzalez Law Office
                  80 Calle Georgetti, Suite 202
                  San Juan, PR 00925-3624
                  Tel: (787) 758-3606
                  Fax: (787)753-5317
                  E-mail: ldfglaw@coqui.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

According to the schedules, the Company says that assets total
$1,300,000 while debts total $1,065,857.

A copy of the Company's list of 2 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/prb10-05303.pdf

The petition was signed by Gabriel Guijarro Brunet.


LODGENET INTERACTIVE: S&P Affirms 'B-' Corporate Credit Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings on Sioux
Falls, S.D.-based LodgeNet Interactive Corp., including the 'B-'
corporate credit rating.  At the same time, S&P revised the rating
outlook to positive from stable.

"S&P's rating outlook revision to positive reflects S&P's
expectation that despite softness at LodgeNet's guest
entertainment business, S&P believes that the company will be able
to maintain compliance with covenants by continuing to direct cash
flow to debt repayment as needed," said Standard & Poor's credit
analyst Jeanne Shoesmith.

The company has a narrow cushion of compliance against its
leverage covenant, which steps down one-quarter turn in September
2010, its final step-down.  S&P expects that LodgeNet could absorb
the added interest burden of a potential amendment if a covenant
breach becomes unavoidable.

The 'B-' rating reflects LodgeNet's still-slim cushion of
compliance with its bank covenants, declining revenue trends,
exposure to the cyclical and seasonal lodging industry (which is
facing challenges because of the weak economy), and the limited
size and mature long-term growth potential of this market niche.
LodgeNet's operating results are subject to trends in consumer and
corporate travel, the discretionary nature of traveler purchases,
and the unpredictable quality of movies (which generate the
majority of room revenue).

S&P see a risk that longer-term increases in broadband access in
hotel rooms, along with growing usage of portable devices, could
reduce demand for LodgeNet's core on-demand movie services.  The
company's participation in high-speed Internet access services,
aided by its February 2007 acquisition of assets of StayOnline
Inc., may somewhat mitigate this risk.

LodgeNet is a provider of in-room electronic entertainment and
data services to hotels and, to a lesser extent, hospitals and
other guest-based businesses.  The company has a good EBITDA
margin in the mid-20% area and relatively stable long-term
noncancellable hotel property contracts.  During the first quarter
of 2010, revenue decreased by 8% from the prior-year period, while
EBITDA declined 16%, mainly because of a 10% decline in guest
entertainment revenue, system sales, and related services.  This
was partially offset by increases in the lower-margin hotel
services revenues and an 8% reduction in total direct costs.  The
EBITDA margin declined only slightly, to 24.7% for the 12 months
ended March 31, 2010 from 25.9% the year before, because growth at
lower-margin businesses partially offset declines in guest
entertainment revenue.  S&P expects declines in guest
entertainment revenue to moderate through 2010, despite ongoing
caution by consumers and business guests.  Further cost reductions
may be more difficult after cuts already implemented.  S&P does
not expect a recovery in guest entertainment revenue to begin
until 2011.


LUCKIE DUTCHMAN: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: The Luckie Dutchman, LLC
          dba Wilhelmus Dairy
        4611 South FM 219
        Dublin, TX 76446

Bankruptcy Case No.: 10-43980

Chapter 11 Petition Date: June 15, 2010

Court: U.S. Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Russell F. Nelms

Debtor's Counsel: St. Clair Newbern, III, Esq.
                  Law Offices of St.Clair Newbern III, P.C
                  1701 River Run, Suite 1000
                  Fort Worth, TX 76107
                  Tel: (817) 870-2647
                  E-mail: filing@newbernlawoffice.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Company did not file a list of creditors together with its
petition.

The petition was signed by the Arjen Geijsel, president.


MAGIC BRANDS: Luby Inc. Wins Auction with $63MM Cash Offer
----------------------------------------------------------
Magic Brands, LLC, and Fuddruckers, Inc., disclosed that Luby's,
Inc. has been selected as the highest and best bidder in a
competitive auction held Thursday for substantially all of its
assets.  The bid remains subject to bankruptcy court approval.
Luby's bid has been valued by the Company and the Official
Committee of Unsecured Creditors at $63.45 million.

In an earlier press release, Luby's said it would purchase
Fuddruckers for $61 million of cash, and assume certain of
Fuddruckers' obligations, real estate leases and contracts.
Luby's said it would pay an additional $2.45 million of cash if it
does not assume certain specified contracts.  Luby's said it will
fund the purchase from cash and an expansion of its credit
facility.

Three hours later, the $63.45 million deal was announced.

"On behalf of our entire management team, I would like to express
how pleased we are with the success of the competitive auction
process.  After Thursday's 11-hour auction process, Luby's proved
to be the highest and best bidder with a final bid valued at
$63.45 million," stated Magic Brands CEO Peter Large.  "Based on
current estimates and assumptions, creditor recoveries are
anticipated to be substantial and could reach as high as 100
percent.  This is an outstanding result for our creditors."

The results of the auction will be presented for approval by the
United States Bankruptcy Court in the District of Delaware in
Wilmington on June 22, 2010.  The transaction is expected to close
on or before July 9, 2010, subject to satisfaction or waiver of
other customary closing conditions.

"Luby's has the capacity to support and grow the Fuddruckers brand
which we believe will be to the benefit of both our corporate
restaurants and franchisees," concluded Mr. Large.

FocalPoint Securities, LLC serves as investment banker to Magic
Brands and Goulston & Storrs serves as lead bankruptcy counsel.

                      About Fuddruckers

Based in Austin, Texas, Magic Brands, LLC currently operates 62
Fuddruckers locations in 11 states and 3 Koo Koo Roo restaurants
in California.  An additional 135 Fuddruckers restaurants are
operated by franchisees who are small business owners and multi-
unit operators.  Since its founding in 1980, Fuddruckers has
delivered uncompromised quality and freshness with its own brand
of always fresh, never frozen, 100% All-American, premium-cut,
vegetarian-fed beef.  Fuddruckers 1/3, 1/2, 2/3 and one-pound
Fudds Prime(TM) burgers are grilled to order and placed on a
Fuddruckers scratch-baked bun made fresh daily in Fuddruckers
restaurant bakeries -- ready for guests to pile it high at
Fuddruckers Market Fresh Produce bar for a Build Your Own Burger
experience like none other.

                            About Luby's

Luby's operates 96 restaurants in Austin, Dallas, Houston, San
Antonio, the Rio Grande Valley and other locations throughout
Texas and other states. Luby's provides its customers with quality
home-style food, value pricing, and outstanding customer service.
Luby's Culinary Services provides food service management to 17
sites consisting of healthcare, higher education and corporate
dining locations.


MAJESTIC LIQUOR: Hearing on Further Cash Access on June 28
----------------------------------------------------------
Majestic Liquor Stores, Inc., et al., previously sought and
obtained interim authorization from the U.S. Bankruptcy Court for
the Northern District of Texas to use cash collateral until June
20, 2010, at 12:00 a.m.

As of the Petition Date, Majestic was a borrower under a certain
loan and security agreement dated April 27, 2009 (as amended and
in effect, and together with all related documents and agreements
by and between Majestic and The F&M Bank & Trust Company, or F&M,
as lender, the Secured Loan Documents).  In conjunction with the
Secured Loan Documents, Majestic, Majestic Properties and F&M
entered into a subordination agreement whereby Majestic Properties
agreed to the subordination of its debt and its liens to the debt
and liens of F&M.  On April 12, 2010, F&M entered into a temporary
forbearance agreement with Majestic.  On April 21, 2010, F&M and
Majestic entered into the First Amendment to the Secured Loan
Documents whereby F&M agreed to temporarily increase the revolving
loan limit under the Secured Loan Documents and Majestic executed
a Temporary Increase Note in the amount of $1,000,000 to be repaid
on May 14, 2010.  Pursuant to the Secured Loan Documents, F&M
provided revolving credit and other financial accommodations to or
for the benefit of Majestic, including, among other things,
$16,000,000 in aggregate principal amount of revolving
commitments, plus the additional $1,000,000 under the Temporary
Note, including a letter of credit limit of $1,000,000.  As of the
Petition Date, the outstanding principal amount owed under the
Secured Loan Documents was at least $13.4 million in revolving
loans, advances and/or other financial accommodations or services.

As of the Petition Date, F&M asserts that the F&M Collateral was
perfected and senior in priority to all other liens or
encumbrances of Majestic in the F&M Collateral.  F&M asserts that
all cash and cash equivalents, negotiable instruments, documents
of title, securities, deposit accounts or any other cash
equivalents in any form that are now or hereinafter in the
Debtors' possession, custody or control including without
limitation, the proceeds, products, offspring, rents or profits of
the F&M Collateral constitute cash collateral of F&M.

Jeff P. Prostok, Esq., at Forshey & Prostok LLP, the attorney for
the Debtors, explained that the Debtors need the money to fund
their Chapter 11 case, pay suppliers and other parties.  The
Debtors will use the collateral pursuant to a budget, a copy of
which is available for free at:

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

In exchange for using the cash collateral, the Debtors will grant
F&M a replacement security interest in, and lien, effective as of
the Petition Date.  As additional adequate protection, Debtors
will pay all unpaid interest and fees as set out in the Secured
Loan Documents to F&M via wire transfer by the fifth day of each
immediately following calendar month during the term of this
Order.  By June 28, 2010, Majestic will deliver to F&M a term
sheet containing the proposed treatment of F&M under a plan of
reorganization proposed by the Debtors.  The term sheet will be
proposed pursuant to negotiations.  By August 6, 2010, Majestic
will pay to F&M $1 million to be applied to permanently reduce the
principal indebtedness owed F&M.

The Court has set a final hearing for June 28, 2010, at 1:30 p.m.,
on the Debtor's request to use cash collateral.

                       About Majestic Liquor

Fort Worth, Texas-based Majestic Liquor Stores, Inc. -- dba Double
T Discount Beer & Wine No. 2, et al. -- was incorporated in 1955.
It operates Texas retail stores for the sale of liquor, beer, wine
and bar supplies.  The Company operates 46 retail stores and three
wholesale locations.

Majestic Liquor together with its affiliates filed for Chapter 11
bankruptcy protection on June 6, 2010 (Bankr. N.D. Tex. Case No.
10-43849).  J. Robert Forshey, Esq., and Jeff P. Prostok, Esq., at
Forshey & Prostok, LLP, assists the Company in its restructuring
effort.  Focus Management Group USA Inc. is the Company's
financial advisor.  The Company estimated its assets and debts at
$10,000,001 to $50,000,000.


ME - BUFFALO, LLC: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: ME - BUFFALO, LLC
        2320 Paseo Del Prado, Suite B-305
        Las Vegas, NV 89102

Bankruptcy Case No.: 10-21278

Chapter 11 Petition Date: June 17, 2010

Court: U.S. Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Mike K. Nakagawa

Debtor's Counsel: James D. Greene, Esq.
                  Greene Infuso, LLP
                  3960 Howard Hughes Parkway, Suite 700
                  Las Vegas, NV 89169
                  Tel: (702) 697-6102
                  Fax: (702) 732-7110
                  E-mail: jgreene@greeneinfusolaw.com

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

A copy of the Company's list of 20 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/nvb10-21278.pdf

The petition was signed by Stanley Wasserkrug, Greenstreet
Properties, LLC, manager of debtor.


MGM MIRAGE: Changes Name to MGM Resorts; Amends Bylaws
------------------------------------------------------
The Board of Directors of MGM Resorts International approved an
amendment to the Company's Amended and Restated Bylaws with an
effective date of June 15, 2010, which (i) reflected the Company's
name change from "MGM MIRAGE" to "MGM Resorts International"; (ii)
removed the authorization for the Board to elect, at its
discretion, additional Presidents with specified scopes of
authority that will report to the Chief Executive Officer of the
Company; and (iii) added the authorization for the Board to elect,
at its discretion, additional Chief Operating Officers with
specified scopes of authority and a Chief Marketing Officer.

The Company held its Annual Meeting of Stockholders on June 15,
2010.  Stockholders elected these members to the Board:

     * Robert H. Baldwin;
     * William A. Bible;
     * Burton M. Cohen;
     * Willie D. Davis;
     * Kenny C. Guinn;
     * Alexis Herman;
     * Roland Hernandez;
     * Kirk Kerkorian;
     * Anthony Mandekic;
     * Rose McKinney-James;
     * James J. Murren;
     * Daniel J. Taylor; and
     * Melvin B. Wolzinger

The shareholders ratified the selection of the independent
registered public accounting firm for the year ending December 31,
2010; and approved the amendment and restatement of the Company's
Certificate of Incorporation to change the Company's name.

The shareholders shot down a proposal submitted and presented by
The Office of the Comptroller of New York City, which requested
that the Board prepare a sustainability report including
strategies to reduce greenhouse gas emissions and addressing other
environmental and social impacts, which report should be published
by June 2010.

                        About MGM MIRAGE

Headquartered in Las Vegas, Nevada, MGM MIRAGE (NYSE: MGM) --
http://www.mgmmirage.com/-- owns and operates 16 properties
located in Nevada, Mississippi and Michigan, and has 50%
investments in four other properties in Nevada, New Jersey,
Illinois and Macau.  CityCenter, an urban metropolis on the Las
Vegas Strip scheduled to open in late 2009, is a joint venture
between MGM MIRAGE and Infinity World Development Corp, a
subsidiary of Dubai World.  MGM MIRAGE Hospitality has entered
into management agreements for future casino and non-casino
resorts throughout the world.

The Company reported $22.51 billion in total assets, $2.38 billion
in total current liabilities, $3.03 billion in deferred income
taxes, $12.97 billion in long term debt, and $256.83 million other
long term obligation, resulting to a $3.87 billion stockholders'
equity as of Dec. 31, 2009.  At September 30, 2009, MGM MIRAGE had
stockholders' equity of $4.29 billion.

                        *     *     *

As reported by the Troubled Company Reporter on March 22, 2010,
Moody's Investors Service affirmed MGM MIRAGE's ratings, including
its Caa1 Corporate Family Rating and raised the company's
Speculative Grade Liquidity rating to SGL-3 from SGL-4.  The
rating outlook remains stable.

As reported by the TCR on March 11, 2010, Standard & Poor's
Ratings Services affirmed all of its existing ratings on MGM
MIRAGE, including the 'CCC+' corporate credit rating.  The rating
outlook is developing.  "The 'CCC+ corporate credit rating
reflects MGM MIRAGE's significant debt burden, S&P's expectation
for continued declines in cash flow generation in 2010, and the
company's tight liquidity position," said Standard & Poor's credit
analyst Ben Bubeck.


MONEY TREE: Posts $1.2 Million Net Loss in Q2 Ended March 25
------------------------------------------------------------
The Money Tree, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $1.2 million on $3.1 million of revenue
for the three months ended March 251, 2010, compared with a net
loss of $3.4 million on $3.7 million for the same period a year
ago.

The Company's balance sheet as of March 25, 2010, showed
$51.0 million in assets and $89.7 million of liabilities, for a
stockholders' deficit of $38.7 million.

As reported in the Troubled Company Reporter on January 8, 2010,
Tallahassee, Fla.-based Carr, Riggs & Ingram, LLC expressed
substantial doubt about the Company ability to continue as a going
concern after auditing the Company's financial statements for the
year ended September 25, 2009.  The independent auditors noted
that the Company has suffered recurring losses from operations and
has a net capital deficiency.

A full-text copy of the quarterly report is available for free at:

               http://researcharchives.com/t/s?6507

Based in Bainbridge, Ga., The Money Tree, Inc.
- http://themoneytreeinc.com/- makes consumer finance loans and
provides other financial products and services through its branch
offices in Georgia, Alabama, Louisiana and Florida.  The Company
sells retail merchandise, principally furniture, appliances and
electronics, at certain of its branch office locations and
operates three used automobile dealerships in the State of
Georgia.  The Company also offers insurance products, prepaid
phone services and automobile club memberships to its loan
customers.


NEIMAN MARCUS: Bank Debt Trades at 7% Off in Secondary Market
-------------------------------------------------------------
Participations in a syndicated loan under which Neiman Marcus
Group, Inc., is a borrower traded in the secondary market at 93.33
cents-on-the-dollar during the week ended Friday, June 18, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 1.89
percentage points from the previous week, The Journal relates.
The Company pays 200 basis points above LIBOR to borrow under the
facility.  The bank loan matures on April 6, 2013, and carries
Moody's B2 rating and Standard & Poor's BB rating.  The debt is
one of the biggest gainers and losers among 184 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Neiman Marcus Group, Inc., headquartered in Dallas, Texas,
operates 40 Neiman Marcus stores, 2 Bergdorf Goodman stores, 27
clearance centers, and a direct business.  Total revenues are
about $3.9 billion.  The Company carries a 'Caa1' Corporate Family
Rating and 'Caa1' Probability of Default Rating from Moody's
Investors Service.


NEW CUSTOMER SERVICE: Bank Debt Trades at 2% Off
------------------------------------------------
Participations in a syndicated loan under which N.E.W. Customer
Service Companies, Inc., is a borrower traded in the secondary
market at 97.75 cents-on-the-dollar during the week ended Friday,
June 18, 2010, according to data compiled by Loan Pricing Corp.
and reported in The Wall Street Journal.  This represents a drop
of 0.91 percentage points from the previous week, The Journal
relates.  The Company pays 425 basis points above LIBOR to borrow
under the facility, which matures on March 31, 2016.  The bank
note is not rated by Moody's and Standard & Poor's.  The debt is
one of the biggest gainers and losers among 184 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

N.E.W. Customer Service Companies, Inc. --
https://www.newcorp.com/ -- with its member companies, is the
leading provider of extended service contracts and product
protection programs worldwide.  NEW offers customizable, end-to-
end customer service solutions for partners in industries such as
retail, manufacturing, and satellite TVs.


NEVADA SECURITY BANK: Closed; Umpqua Bank Assumes All Deposits
--------------------------------------------------------------
Nevada Security Bank of Reno, Nev., was closed on Friday, June 18,
2010, by the Nevada Financial Institutions Division, which
appointed the Federal Deposit Insurance Corporation as receiver.
To protect the depositors, the FDIC entered into a purchase and
assumption agreement with Umpqua Bank of Roseburg, Ore., to assume
all of the deposits of Nevada Security Bank.

The five branches of Nevada Security Bank will reopen during
normal business hours as branches of Umpqua Bank.  Depositors of
Nevada Security Bank will automatically become depositors of
Umpqua Bank.  Deposits will continue to be insured by the FDIC, so
there is no need for customers to change their banking
relationship in order to retain their deposit insurance coverage.
Customers of Nevada Security Bank should continue to use their
existing branch until they receive notice from Umpqua Bank that it
has completed systems changes to allow other Umpqua Bank branches
to process their accounts as well.

As of March 31, 2010, Nevada Security Bank had around
$480.3 million in total assets and $479.8 million in total
deposits.  Umpqua Bank did not pay the FDIC a premium for the
deposits of Nevada Security Bank.  In addition to assuming all of
the deposits of the failed bank, Umpqua Bank agreed to purchase
essentially all of the assets.

The FDIC and Umpqua Bank entered into a loss-share transaction on
$368.2 million of Nevada Security Bank's assets.  Umpqua Bank will
share in the losses on the asset pools covered under the loss-
share agreement.  The loss-share transaction is projected to
maximize returns on the assets covered by keeping them in the
private sector.  The transaction also is expected to minimize
disruptions for loan customers.  For more information on loss
share, please visit:

http://www.fdic.gov/bank/individual/failed/lossshare/index.html

Customers who have questions about the transaction can call the
FDIC toll-free at 1-800-356-1848.  Interested parties also can
visit the FDIC's Web site at

http://www.fdic.gov/bank/individual/failed/nevsecbank.html

The FDIC estimates that the cost to the Deposit Insurance Fund
will be $80.9 million.  Compared to other alternatives, Umpqua
Bank's acquisition was the "least costly" resolution for the
FDIC's DIF.  Nevada Security Bank is the 83rd FDIC-insured
institution to fail in the nation this year, and the third in
Nevada.  The last FDIC-insured institution closed in the state was
Sun West Bank, Las Vegas, on May 28, 2010.


NEWARK GROUP: Gets Court's Interim Okay to Obtain DIP Financing
---------------------------------------------------------------
The Newark Group, Inc., et al., sought and obtained interim
authorization from the Hon. Novalyn L. Winfield of the U.S.
Bankruptcy Court for the District of New Jersey to obtain
postpetition secured financing from a syndicate of lenders led by
Wells Fargo Bank, National Association as administrative agent.

The DIP lenders have committed to provide up to $50 million,
consisting of a revolving loan subject to a borrowing base and
other terms, including up to $15 million for letters of credit and
a swingline subfacility of up to $7.5 million.

Kenneth A. Rosen, Esq., at Lowenstein Sandler PC, the attorney for
the Debtors, explained that the Debtors need the money to fund
their chapter 11 case, pay suppliers and other parties.

The DIP facility will terminate 180 days after the commencement of
the Chapter 11 cases.

The DIP facility will incur interest.  For Prime Rate Loans: 4%
per annum in excess of the greatest of (a) the prime rate in
effect on such day, (b) the Federal Funds Effective Rate in effect
on such day plus of 1%, and (c) 2%.  For Eurodollar Rate Loans:
5% in excess of the greatest of (a) the rate per annum determined
by dividing (i) LIBOR by (ii) a percentage equal to (A) 1 minus
(B) the percentage that is in effect for that day under regulation
D of the Board of Governors of the Federal Reserve System or (b)
2%.

In the event of default, the Debtors will pay an additional 2%
default interest per annum.

The Debtors' obligations under the DIP facility are secured by
(i) first priority liens on the Company's and Cogen's accounts,
inventory and certain other personal property and (ii) second
priority liens on substantially all of the Company's and Cogen's
other assets, except for real property.

The DIP lien is subject to up to $2,000,000 carve-out for U.S.
Trustee and Clerk of Court fees, fees payable to professional
employed in the Debtors' case, and fees of the committee in
pursuing actions challenging the DIP Lenders' lien.

The Debtors are required to pay these fees to Wells Fargo:

     a. Unused Line Fee: 1% per annum calculated on the average
        daily unused portion of the maximum credit available
        during the immediately preceding month;

     b. Letter of Credit Fee: 5% per annum on the average daily
        maximum amount available to be drawn under all Letters of
        Credit for the immediately preceding month;

     c. Additional Letter of Credit Fee: 0.5% per annum shall be
        paid to the issuing bank on the average daily maximum
        amount available to be drawn under each letter of credit
        issued; and

     d. At the DIP ABL Agent's option, The Newark Group shall pay
        an additional 2% for (i) the period from the termination
        of the DIP ABL Facility until full payment of all
        obligations due thereunder have been received and (ii) the
        period from the occurrence of an Event of Default for as
        long as the Event of Default is continuing.

A copy of the DIP agreement is available for free at:

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

The Court has set a final hearing for June 30, 2010, at 10:00 a.m.
on the Debtors' request to obtain DIP financing.

                         About Newark Group

Cranford, New Jersey-based The Newark Group, Inc., manufactures
and sells recycled paperboard and paperboard products.  The
company operates in three segments: Paperboard, Converted Products
and International.

The Company, along with affiliates, filed for Chapter 11
bankruptcy protection on June 9, 2010 (Bankr. D.N.J. Case No. 10-
27694).  Kenneth Rosen, Esq., at Lowenstein Sandler, assists the
Company in its restructuring effort.

Jefferies & Company is the Company's investment banker.
AlixPartners LLP is the Company's restructuring financial
advisors.  Deloitte & Touche LLP is the Company's accounting
Advisors.  Kurtzman Carson & Consultants LLC is the Company's
claims, balloting & noticing agent.

The Company estimated its assets and debts at $100,000,001 to
$500,000,000.


NEWARK GROUP: Taps AlixPartners as Restructuring Advisor
--------------------------------------------------------
The Newark Group, et al., have sought authorization from the U.S.
Bankruptcy Court for the District of New Jersey to employ
AlixPartners, LLP, as restructuring advisor.

AlixPartners will:

     a. assist the Debtors with their 13-week cash receipts and
        disbursements and availability forecasting process and
        identification of working capital and other liquidity
        improvement opportunities and vendor management;

     b. work with the Debtors' investment banker to update the
        Company's EBITDA forecast model, as required;

     c. assist the Debtors with periodic reporting to creditors,
        including weekly A/R and A/P detail reports, weekly
        headcount report and monthly financial statements and
        divisional operating reports; and

     d. assist with other matters as may be requested that fall
        within AlixPartners' expertise and that are mutually
        agreeable.

AlixPartners will be paid based on the hourly rates of its
personnel:

        Managing Directors                 $710-$995
        Directors                          $530-$685
        Vice Presidents                    $395-$520
        Associates                         $280-$380
        Analysts                           $245-$270
        Paraprofessionals                  $190-$210

Alan D. Holtz, a managing director at AlixPartners, assures the
Court that the firm is a "disinterested person," as that term is
defined in section 101(14) of the Bankruptcy Code, as modified by
section 1107(b) of the Bankruptcy Code.

                         About Newark Group

Cranford, New Jersey-based The Newark Group, Inc., manufactures
and sells recycled paperboard and paperboard products.  The
company operates in three segments: Paperboard, Converted Products
and International.

The Company, along with affiliates, filed for Chapter 11
bankruptcy protection on June 9, 2010 (Bankr. D.N.J. Case No. 10-
27694).  Kenneth Rosen, Esq., at Lowenstein Sandler, assists the
Company in its restructuring effort.

Jefferies & Company is the Company's investment banker.
AlixPartners LLP is the Company's restructuring financial
advisors.  Deloitte & Touche LLP is the Company's accounting
Advisors.  Kurtzman Carson & Consultants LLC is the Company's
claims, balloting & noticing agent.

The Company estimated its assets and debts at $100,000,001 to
$500,000,000.


NEWARK GROUP: Wants to Hire Deloitte as Independent Auditor
-----------------------------------------------------------
The Newark Group, Inc., et al., have sought permission from the
U.S. Bankruptcy Court for the District of New Jersey to employ
Deloitte & Touche LLP as independent auditor and accountant, nunc
pro tunc to the Petition Date.

Deloitte & Touche will:

     a. audit the consolidated annual financial statements of the
        Debtors for the year ended April 30, 2010;

     b. perform reviews of interim financial statements; and

     c. as may be agreed to by Deloitte & Touche, render other
        related professional services, including but not limited
        to audit and accounting services, as the Debtors, their
        attorneys, or financial advisors from time to time
        request.

Deloitte & Touche will be paid based on the hourly rates of its
personnel:

        Partners                       $440
        Principals                     $440
        Directors                      $440
        Senior Managers                $365
        Managers                       $330
        Seniors                        $265
        Staff Professionals            $190

John Brulato, a partner at Deloitte & Touche, assures the Court
that the firm is a "disinterested person," as that term is defined
in section 101(14) of the Bankruptcy Code, as modified by section
1107(b) of the Bankruptcy Code.

                         About Newark Group

Cranford, New Jersey-based The Newark Group, Inc., manufactures
and sells recycled paperboard and paperboard products.  The
company operates in three segments: Paperboard, Converted Products
and International.

The Company, along with affiliates, filed for Chapter 11
bankruptcy protection on June 9, 2010 (Bankr. D.N.J. Case No. 10-
27694).  Kenneth Rosen, Esq., at Lowenstein Sandler, assists the
Company in its restructuring effort.

Jefferies & Company is the Company's investment banker.
AlixPartners LLP is the Company's restructuring financial
advisors.  Deloitte & Touche LLP is the Company's accounting
Advisors.  Kurtzman Carson & Consultants LLC is the Company's
claims, balloting & noticing agent.

The Company estimated its assets and debts at $100,000,001 to
$500,000,000.


NEWARK GROUP: Wants Jefferies & Co. as Investment Banker
--------------------------------------------------------
The Newark Group, Inc., et al., have asked for authorization from
the U.S. Bankruptcy Court for the District of New Jersey to employ
Jefferies & Company, Inc., as investment banker.

Jefferies will, among other things:

     a. analyze the business, operations, assets, financial
        condition and prospects of the Debtors;

     b. provide a valuation analysis of the Debtors if requested,
        the form of which will be agreed upon by Jefferies and the
        Debtors, and provide expert testimony relating to any
        valuation;

     c. advise the Debtors on the current state of the
        restructuring and capital markets; and

     d. assist and advise the Debtors in examining and analyzing
        any potential or proposed strategy(ies) related to their
        restructuring.

The Debtors intend to pay Jefferies:

     a. a $150,000 monthly fee;

     b. a $3.0 million restructuring fee;

     c. a DIP financing fee equal to 2.0% of the principal amount
        of any debt of the Company placed with or purchased by
        persons or entities who are not lenders to or noteholders
        of the Company promptly prior to such placement or
        purchase, and 1.0% of the principal amount of any credit
        facility provided by Wells Fargo and any incremental debt
        of the Company placed with or purchased by persons or
        entities who are lenders to or noteholders of the Company
        or any incremental increase in availability of the amount
        available under the Company's asset based lending
        facility;

     d. an exit financing fee of (i) 1.0% of the greater of the
        aggregate principal amount of any debt raised secured by
        assets; (ii) 2.0% of the greater of the aggregate amount
        available under and the aggregate principal amount of any
        unsecured debt raised; and (iii) 5.5% of the aggregate
        gross proceeds from the purchase or placement of any
        equity securities or equity-linked securities;

     e. a $3.0 million M&A transaction fee; and

     f. reimbursement for all reasonable out-of-pocket expenses
        incurred in connection with the subject matter of the
        Jefferies' engagement.

Hal Kennedy, managing directors at Jefferies, assures the Court
that the firm is a "disinterested person," as that term is defined
in section 101(14) of the Bankruptcy Code, as modified by section
1107(b) of the Bankruptcy Code.

                         About Newark Group

Cranford, New Jersey-based The Newark Group, Inc., manufactures
and sells recycled paperboard and paperboard products.  The
company operates in three segments: Paperboard, Converted Products
and International.

The Company, along with affiliates, filed for Chapter 11
bankruptcy protection on June 9, 2010 (Bankr. D.N.J. Case No. 10-
27694).  Kenneth Rosen, Esq., at Lowenstein Sandler, assists the
Company in its restructuring effort.

Jefferies & Company is the Company's investment banker.
AlixPartners LLP is the Company's restructuring financial
advisors.  Deloitte & Touche LLP is the Company's accounting
Advisors.  Kurtzman Carson & Consultants LLC is the Company's
claims, balloting & noticing agent.

The Company estimated its assets and debts at $100,000,001 to
$500,000,000.


NORTHWEST AIRLINES: Plan Discharged Discrimination Claim
--------------------------------------------------------
WestLaw reports that notwithstanding the fact that the debtor's
employee's "claim" was contingent on being unsuccessful in his
grievance, the employee's disability discrimination claim existed
on the effective date of the debtor's confirmed reorganization
plan, and therefore the claim was discharged in the bankruptcy
case.  The allegedly discriminatory conduct was one discrete act,
the employer's revocation of the employee's position, and the
employer's post-confirmation refusal to remedy that
"discrimination" was not a separately actionable discriminatory
act.  Sanchez v. Northwest Airlines, Inc., --- F.Supp.2d ----,
2010 WL 2090083 (D. Minn.).

                 About Northwest Airlines

Northwest Airlines Corp. (NYSE: NWA) --
http://www.nwa.com/>http://www.nwa.com/-- is
the world's fourth largest airline with hubs at Detroit,
Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam, and about
1,400 daily departures.  Northwest is a member of SkyTeam, an
airline alliance that offers customers one of the world's most
extensive global networks.  Northwest and its travel partners
serve more than 1000 cities in excess of 160 countries on six
continents.  Northwest and its travel partners serve more than
1000 cities in excess of 160 countries on six continents,
including Italy, Spain, Japan, China, Venezuela and Argentina.

The Company and 12 affiliates filed for Chapter 11 protection on
September 14, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-17930).
Bruce R. Zirinsky, Esq., and Gregory M. Petrick, Esq., at
Cadwalader, Wickersham & Taft LLP in New York, and Mark C.
Ellenberg, Esq., at Cadwalader, Wickersham & Taft LLP in
Washington, represent the Debtors in their restructuring efforts.
The Official Committee of Unsecured Creditors has retained Scott
L. Hazan, Esq., at Otterbourg, Steindler, Houston & Rosen, P.C. as
its bankruptcy counsel in the Debtors' chapter 11 cases.  When the
Debtors filed for bankruptcy, they listed $14.4 billion in total
assets and $17.9 billion in total debts.  On January 12, 2007, the
Debtors filed with the Court their chapter 11 plan.  On
February 15, 2007, the Debtors filed an amended plan and
disclosure statement.  The Court approved the adequacy of the
Debtors' amended disclosure statement on March 26, 2007.  On
May 21, 2007, the Court confirmed the Debtors' amended plan.  That
amended plan took effect May 31, 2007.

Northwest Airlines is now a unit of Delta Air Lines after it was
acquired by Delta in October 2008.


NRG ENERGY: Bank Debt Trades at 5% Off in Secondary Market
----------------------------------------------------------
Participations in a syndicated loan under which NRG Energy, Inc.,
is a borrower traded in the secondary market at 94.86 cents-on-
the-dollar during the week ended Friday, June 18, 2010, according
to data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents a drop of 0.69 percentage points
from the previous week, The Journal relates.  The Company pays 175
basis points above LIBOR to borrow under the facility.  The bank
loan matures on Feb. 1, 2013, and carries Moody's Baa3 rating and
Standard & Poor's BB+ rating.  The debt is one of the biggest
gainers and losers among 184 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

Headquartered in Princeton, NRG Energy, Inc., owns approximately
24,000 megawatts of generating facilities, primarily in Texas and
the northeast, south central and western regions of the US.  NRG
also owns generating facilities in Australia and Germany.


OMNICITY CORP: Posts $742,000 Net Loss in Q3 Ended April 30
-----------------------------------------------------------
Omnicity Corp. filed its quarterly report on Form 10-Q, reporting
a net loss of $742,474 on $837,486 of revenue for the three months
ended April 30, 2010, compared with a net loss of $599,424 on
$424,766 of revenue for the same period a year ago.

The Company's balance sheet as of April 30, 2010, showed
$5,737,800 in assets and $6,415,294 of liabilities, for a
stockholders' deficit of $677,494.

"The Company has generated substantial revenues but has sustained
losses since inception and has never paid any dividends and is
unlikely to pay dividends in the immediate or foreseeable future.
The continuation of the Company as a going concern is dependent
upon the ability of the Company to obtain necessary debt and/or
equity financing to fund its growth strategy, pay debt when due,
to continue operations, and to attain profitability.  As at
April 30, 2010, the Company had a working capital deficit of
$2,717,698 and a stockholders' deficit of $677,494.  All of these
factors combined raises substantial doubt regarding the Company's
ability to continue as a going concern."

A full-text copy of the quarterly report is available for free at:

               http://researcharchives.com/t/s?6511

                       About Omnicity Corp.

Based in Rushville, Indiana, Omnicity Corp. (OTC BB: OMCY) --
http://www.omnicitycorp.com/-- provides broadband access,
including advanced services of voice, video and data, in un-served
and underserved small and rural markets and is planning to be the
premier consolidator of rural market broadband nationwide.


PACIFIC ETHANOL: Issues Additional 497,728 Shares to Socius
-----------------------------------------------------------
To recall, on April 13, 2010, the Superior Court of the State of
California for the County of Los Angeles entered an Order
Approving Stipulation for Settlement of Claim in the matter
entitled Socius CG II, Ltd. v. Pacific Ethanol, Inc.  The Order
provided for the full and final settlement of Socius GC II, Ltd.'s
$4,000,000 claim against Pacific Ethanol, Inc.  Socius purchased
the Claim from Lyles United, LLC, a creditor of Pacific Ethanol,
pursuant to the terms of a Purchase Agreement dated effective as
of April 10, 2010 between Socius and Lyles United.  The Claim
consists of the right to receive $4,000,000 of principal amount of
and under a loan made by Lyles United to the Company pursuant to
the terms of an Amended and Restated Promissory Note dated
November 7, 2008 in the original principal amount of $30,000,000.

Pursuant to the terms of the Order, on April 14, 2010, Pacific
Ethanol issued and delivered to Socius 3,750,000 shares of its
common stock, subject to adjustment as set forth in the Order.

The Company would have been required to issue an additional
497,728 shares of its common stock to Socius, however, the Company
was prohibited from issuing additional shares to the extent the
aggregate number of shares of the Company's common stock to be
issued to Socius or its designee in connection with the settlement
of the Claim, aggregated with any other shares of the Company's
common stock issued to Socius and/or its designees by the Company,
at any time would exceed 19.99% of the total number of shares of
the Company's common stock outstanding immediately preceding the
date of the Order unless the Company obtained (1) stockholder
approval of the issuance of more than such number of shares of its
common stock pursuant to NASDAQ Marketplace Rule 5635(d), or (2) a
waiver from NASDAQ of the Company's compliance with Rule 5635(d).
The additional 497,728 shares would have exceeded the Share
Limitation.

On June 3, 2010, the Company obtained the requisite stockholder
approval of the issuance of shares of its common stock in excess
of the Share Limitation pursuant to NASDAQ Listing Rule 5635(d).

On June 9, 2010, the Company issued the additional 497,728 shares.
As a result, in full satisfaction of the Claim (excluding any
legal fees and expenses incurred by Socius in connection with the
settlement of the Claim, which fees and expenses will be paid by
the Company in connection with the settlement of future claims)
the Company issued to Socius a total of 4,247,728 shares of its
common stock.

                     About Pacific Ethanol

Pacific Ethanol Holding Co. LLC and four affiliates filed for
Chapter 11 on May 17, 2009 (Bankr. D. Del. Case No. 09-11713).
Judge Kevin Gross handles the case.  Attorneys at Cooley Godward
Kronish LLP represent the Debtors as counsel.  Attorneys at Potter
Anderson & Corroon LLP are co-counsel.  Epiq Bankruptcy Solutions
LLC is the claims agent.  Pacific Ethanol Holding disclosed
$50 million to $100 million in assets and $100 million to
$500 million in debts in its petition.

Pacific Ethanol Inc. and its marketing subsidiaries, Kinergy
Marketing LLC, and Pacific Ag. Products, LLC, have not filed for
Chapter 11 bankruptcy protection.  The Company is expected to
continue to manage the Plant Subsidiaries under an Asset
Management Agreement and Kinergy and PAP are expected to continue
to market and sell the Plant Subsidiaries' ethanol and feed
production under existing Marketing Agreements.


PANAMSAT CORP: Bank Debts Trade at 7% Off in Secondary Market
-------------------------------------------------------------
Participations in three syndicated loans under which PanAmSat
Corporation is a borrower traded in the secondary market at 93.23
cents-on-the-dollar (per loan) during the week ended June 18,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents a drop of
1.02 percentage points (per loan) from the previous week, The
Journal relates.  The Company pays 250 basis points above LIBOR to
borrow under each facility, which mature simultaneously on Jan. 3,
2014.  The bank debts are not rated by Moody's and Standard &
Poor's.  The debts are among the biggest gainers and losers of 184
widely quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Intelsat Corporation, -- http://www.intelsat.com/-- formerly
known as PanAmSat Corporation, is a global provider of video,
corporate, Internet, voice and government communications services
with a fleet of 25 satellites in-orbit.  The Company provides
transponder capacity to customers on Company-owned and operated
satellites, and deliver third-party entertainment and information
to cable television systems, television broadcasters, direct-to-
home, television operators, Internet service providers,
telecommunications companies, governments and other corporations.
It also provides satellite services and related technical support
for live transmissions for news and special events coverage.  In
addition, the Company provides satellite services to
telecommunications carriers, corporations and Internet service
providers for the provision of satellite-based communications
networks, including private corporate networks.

Intelsat Ltd.'s balance sheet showed total assets of
$12.05 billion, total debts of $12.77 billion and stockholders'
deficit of $722.3 million as of March 31, 2008.


PETCO ANIMAL: Bank Debt Trades at 5% Off in Secondary Market
------------------------------------------------------------
Participations in a syndicated loan under which PETCO Animal
Supplies, Inc., is a borrower traded in the secondary market at
95.23 cents-on-the-dollar during the week ended Friday, June 18,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents a drop of
0.68 percentage points from the previous week, The Journal
relates.  The Company pays 200 basis points above LIBOR to borrow
under the facility.  The bank loan matures on Sept. 26, 2013, and
carries Moody's B1 rating and Standard & Poor's B+ rating.  The
debt is one of the biggest gainers and losers among 184 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

PETCO Animal Supplies, Inc., headquartered in San Diego,
California, is a specialty retailer of premium supplies, food and
services for household pets.  The Company operates about 1,000
stores in all 50 U.S. states.  Revenues were about $2.6 billion
for the last twelve months ending May 2, 2009.


PHOENIX COMPANIES: Moody's Downgrades Senior Debt Rating to 'B3'
----------------------------------------------------------------
Moody's Investors Service has downgraded the senior debt rating of
The Phoenix Companies, Inc., to B3 from B1.  In the same rating
action, the insurance financial strength rating of the company's
life insurance subsidiaries, led by Phoenix Life Insurance Company
(Phoenix Life), was downgraded to Ba2 from Ba1 and the debt rating
on Phoenix Life's surplus notes was downgraded to B1 from Ba3.
The outlook on Phoenix and its life insurance subsidiaries was
changed to stable from negative.

Moody's said the rating downgrades of Phoenix and its operating
companies were driven primarily by the group's relatively weak
capital position, which exacerbates the company's limited
financial flexibility; expectation for modest earnings in the near
to medium term; and the company's diminished market position.
According to Moody's Analyst, Shachar Gonen, "Phoenix's financial
profile remains vulnerable to adverse market conditions as the
company lacks significant earnings capacity to replenish capital.
In addition, the company's existing brand will not provide much
support as Phoenix changes its focus to the broader middle market
to regenerate sales rather than its traditional affluent customer
base."

The rating agency commented that the stable outlook on the ratings
reflects the expectation that investment losses will stabilize or
decline going forward, providing some lift to earnings.  One area
of particular concern, however, is the sizeable below investment
grade bond holdings and exposure to CDO securities, which have
experienced downward rating actions.

Moody's added that the notching between the Ba2 IFS rating of the
company's life insurance subsidiaries and the B3 senior debt
rating of Phoenix is one notch wider than Moody's standard three
notches, reflecting the greater difference in expected loss
between levels of the capital structure as the ratings move
through the below investment grade range.

Commenting on Phoenix's financial flexibility, Moody's said that
the company has limited access to the debt and equity capital
markets.  It will also be challenging for Phoenix Life to balance
the payment of dividends to its parent with maintaining an
adequate capital position.  However, the rating agency noted that
Phoenix held approximately $51 million of cash and securities at
March 31, 2010, which provides a cushion to meet holding company
interest payments and operating expenses.

Moody's said the ratings could be upgraded if these occurs: 1)
Phoenix Life's capital levels successfully stabilize at a 300%
company action level RBC ratio or higher; 2) Phoenix Life achieves
statutory earnings sufficient to organically generate needed
levels of capital and adequately service holding company
obligations; 3) persistency on the company's existing inforce
policies remains consistent with current levels; and 4) 2010 pre-
tax gross investment losses are less than $100 million.

Conversely, the ratings could be downgraded further if these
occurs: 1) the NAIC company action level RBC ratio declines to
200% or lower; 2) cash outflows on the company's existing policies
substantially increase from their current pace; or 3) 2010 pre-tax
gross investment losses exceed $200 million.

Theses ratings have been downgraded with a stable outlook:

* Phoenix Companies, Inc. -- senior unsecured debt rating to B3
  from B1;

* Phoenix Life Insurance Company -- insurance financial strength
  to Ba2 from Ba1, surplus notes to B1 from Ba3;

* PHL Variable Insurance Company -- insurance financial strength
  to Ba2 from Ba1.

Phoenix is an insurance organization headquartered in Hartford,
Connecticut.  As of March 31, 2010, Phoenix reported total assets
of about $25 billion and stockholders' equity of approximately
$1.2 billion.

The last rating action on Phoenix occurred on September 8, 2009,
when Moody's downgraded Phoenix's senior debt rating to B1
(negative outlook) from Ba2.

Moody's insurance financial strength ratings are opinions of the
ability of insurance companies to punctually pay senior
policyholder claims and obligations.


PHOENIX EQUITY: Case Summary & Largest Unsecured Creditor
---------------------------------------------------------
Debtor: Phoenix Equity Group, LLC
        65 Enterprise
        Aliso Viejo, CA 92656

Bankruptcy Case No.: 10-18246

Chapter 11 Petition Date: June 17, 2010

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Erithe A. Smith

Debtor's Counsel: Thomas C. Nelson, Esq.
                  484 Prospect St
                  La Jolla, CA 92037
                  Tel: (858) 875-5092
                  Fax: (619) 236-1246

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

In its list of 20 largest unsecured creditors, the Company placed
only one entry:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
Basmar, LLC               Trade Debt             $3,883
c/o Carl Essert
4350 La Jolla Village Dr.
Suite H29
San Diego, CA 92122

The petition was signed by Kevin Tucker, manager.


PRIME GROUP: Mortgage Lender Forecloses on Continental Towers
-------------------------------------------------------------
Prime Group Realty Trust reported that on June 14, 2010, two of
its subsidiaries that owned the Continental Towers complex in
Rolling Meadows, Illinois, conveyed the Property to a designee of
the holder of the first mortgage loans on the Property.  In
exchange, the holder of the loans delivered a release of the loans
to the two subsidiaries.

According to the Troubled Company Reporter on March 3, 2010, Two
of Prime Group Realty Trust's subsidiaries, each of which own
separate portions of the Continental Towers Complex in Rolling
Meadows, Illinois, defaulted under their first mortgage loans
encumbering the Complex.  Continental Towers, L.L.C., a subsidiary
of the Company, is the owner of Tower I, Tower III and the
Commercium at the Continental Towers Complex.  The CT Property is
encumbered by a first mortgage loan from CWCapital LLC in the
principal amount of $73.6 million.

As reported by the Troubled Company Reporter on December 15, 2009,
Prime Group Realty Trust said the Company's Board of Trustees has
determined not to declare a quarterly distribution on its Series B
Preferred Shares for the fourth quarter of 2009, and that the
Board is unable to determine when the Company might recommence
distributions on the Series B Preferred Shares.

                  About Prime Group Realty Trust

Prime Group Realty Trust -- http://www.pgrt.com/-- is a fully-
integrated, self-administered, and self-managed real estate
investment trust which owns, manages, leases and redevelops office
real estate, primarily in metropolitan Chicago.  The Company
currently owns 5 office properties containing an aggregate of
approximately 1.6 million net rentable square feet and a joint
venture interest in one office property comprised of approximately
101,000 net rentable square feet.


PROTECTED VEHICLES: Court Takes Jurisdiction over H.K. Resident
---------------------------------------------------------------
WestLaw reports that the contacts between an 84-year-old resident
of Hong Kong and the United States were not sufficiently
systematic and continuous to permit the bankruptcy court to
exercise general personal jurisdiction in a preference proceeding.
However, the fact that the preference claims arose out of the
Chapter 11 debtor's repayment of loan that this nonresident
octogenarian had directed to debtor in the United States was
sufficient to permit the exercise of specific personal
jurisdiction.  In re Protected Vehicles, Inc., --- B.R. ----, 2010
WL 2163283 (Bankr. D. S.C.) (Duncan, J.).

Based in North Charleston, S.C., Protected Vehicles Inc. aka PVI -
-  http://www.protectedvehicles.com/-- designed and manufactured
ballistic and blast protected vehicles using technology derived
from Rhodesian and South African vehicle development programs.
PVI creditors filed an involuntary chapter 7 petition on Jan. 15,
2008.  PVI filed an answer and filed a voluntary chapter 11
petition (Bankr. D. S.C. Case No. 08-00783) on Feb. 5, 2008.  G.
William McCarthy, Jr., Esq., at McCarthy Law Firm LLC, represents
the Debtor.  Its largest unsecured creditor, the United States
Marine Corps, is owed $15,801,765.  In Feb. 2008, the Debtor
reported assets of $24 million and debts of $54.1 million.  The
Debtor and the Committee filed a Joint Plan of Liquidation under
Chapter 11 of the Bankruptcy Code, which, as amended, was
confirmed on Feb. 9, 2009, and became effective on Feb. 20, 2009.
Aurora Management Partners, Inc., serves as the Liquidating
Supervisor for Protected Vehicles, Inc., under the terms of that
confirmed plan, and is prosecuting avoidance actions for the
benefit of the Debtor's creditors.


PROVIDENT ROYALTIES: Chapter 11 Trustee Wins Plan Confirmation
--------------------------------------------------------------
Chapter 11 Trustee, the official committee of unsecured creditors
and official investors committee for Provident Royalties LLC
and its affiliates have obtained confirmation of their plan of
liquidation, according to citybizlist of Dallas.

The Plan, the report says, provides 100% return to all creditors
on their claims with interest, and creates a liquidating trust to
pursue claims against third parties for the benefit of holders of
preferred stock interests.

The Plan was overwhelmingly approved by creditors and investors,
according to citybizlist.

                    About Provident Royalties

Based in Dallas, Texas, Provident Royalties LLC owns working
interests in oil and gas properties primarily in Oklahoma.
Provident and its affiliates filed for Chapter 11 on June 22, 2009
(Bankr. N.D. Tex. Case No. 09-33886).  Judge Harlin DeWayne Hale
presides over the case.  Epiq Bankruptcy Solutions, LLC is
the claims and noticing agent.  The United States Trustee for
the Northern District of Texas appointed nine members to the
Official Committee of Unsecured Creditors.

On July 2, 2009, the Securities and Exchange Commission filed,
under seal, a complaint in District Court for the Northern
District of Texas against the Debtors and certain of their
principals and managing partners on allegations that they sold
stock and limited partnership interest to over 7,700 investors as
part of a $485 million Ponzi scheme.

On July 2, 2009, the District Court for the Northern District of
Texas appointed Dennis L. Roossien, Jr., at Munsch Hardt Kopf &
Harr P.C. in Dallas, Texas, as receiver for the Debtors.  On
July 20, 2009, the Bankruptcy Court appointed the receiver as the
Debtors' Chapter 11 trustee.  Mr. Roossien, Jr., has taken
possession and control of the Debtors' property and business.

Mr. Roossien, Jr., has selected Patton Boggs, LLP, as his special
counsel.  Patton Boggs, LLP, was Debtors' counsel before the
appointment of Mr. Roossien, Jr., as Chapter 11 trustee.  Mr.
Roossien, Jr., has selected Munsch Hardt Koph & Harr, P.C., as
counsel.  Gardere, Wynne, Sewell, LLP represents the official
committee of unsecured creditors.  Rochelle McCullough, LLP
represents the official investors committee.

The Company, in its petition, listed between $100 million and
$500 million each in assets and debts.


RABIA INC: Case Summary & 3 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: RABIA, Inc.
        444 Springwood Lane
        Bolingbrook, IL 60440

Bankruptcy Case No.: 10-27380

Chapter 11 Petition Date: June 17, 2010

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Jack B. Schmetterer

Debtor's Counsel: Chris D. Rouskey, Esq.
                  Rouskey and Baldacci
                  151 Springfield Ave
                  Joliet, IL 60435
                  Tel: (815) 741-2118
                  Fax: (815) 741-0670
                  E-mail: rouskey-baldacci@sbcglobal.net

Scheduled Assets: $1,033,200

Scheduled Debts: $960,098

A list of the Company's 3 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ilnb10-27380.pdf

The petition was signed by Ummay K. Asif, company's president.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Mohammad Y. Asif and Ummay K. Asif     10-15471   04/07/10


RADIO ONE: Refinancing Cues Moody's Rating Upgrade to 'B3'
----------------------------------------------------------
Moody's Investors Service will upgrade Radio One, Inc.'s Corporate
Family Rating to B3 from Caa1 and its probability of Default
Rating to B3 from Caa2 pending closing of their proposed note
exchange, debt refinancing and purchase of additional interests in
TVOne.  Ratings on the new facilities are listed below.  The
upgrade will be driven by the extended maturity of the new debt,
increased flexibility under its financial covenants as well as
expectation of stronger performance going forward.  The ratings
outlook will also be revised to stable.  Moody's notes that the
proposed exchange offer for the existing subordinated notes will
be considered a limited default as the notes are being exchanged
for less than face value (albeit at a small discount).  The
existing Caa1 CFR, Caa2 PDR, and existing debt ratings as well as
negative outlook remain in effect until the exchange of notes and
refinancing closes.

The B3 corporate family rating reflects Radio One's high pro forma
debt-to-EBITDA leverage (9.0x pro forma for the transactions and
incorporating Moody's standard adjustments) mitigated by Moody's
expectation that operating performance will begin to improve as
economic pressures wane allowing the company to reduce leverage
and continue to generate modest yet positive free cash flow.
Incorporated in the rating is Radio One's large market presence
and niche focus targeting the African-American audience.
Continued secular pressures and the company's reliance on four of
its sixteen markets for approximately half of its revenue
generation also weigh on Radio One's rating.  While pro forma
leverage levels are reflective of a Caa rating, asset values are
likely in excess of outstanding debt in all but a distressed
liquidation and reflective of a B3 rating if there is sufficient
time to de-lever.  Given the longer maturity window and
expectation of improved flexibility under financial covenants
afforded by the proposed debt facilities, the company will have an
greater opportunity to de-lever prior to maturity.  Even with the
strong asset coverage, the company remains weakly positioned in
the B3 ratings category.  If the company is unable to complete the
refinancing of all the existing debt, the shortened maturities
combined with the high leverage, will result in the ratings
remaining Caa1.

These ratings will be upgraded pending exchange of notes, debt
refinancing and review of final documentation:

  -- Corporate Family rating to B3 from Caa1

  -- Probability of Default to B3 from Caa2 (LD will be assigned
     to the PDR upon completion of the exchange)

These ratings will be assigned pending exchange of notes and
refinancing:

* $50 million senior secured revolving facility due 2014 -- Ba3,
  LGD1, 1%

* $350 million senior secured term loan B due approximately 2016 -
  - B1, LGD2, 24%

* New second lien notes due 2016 -- B3, LGD4 55%

* New senior unsecured exchange notes due 2017 -- Caa2, LGD5, 82%

To the extent portions of the notes remain outstanding after the
exchange, these ratings will be upgraded at closing:

* 8.875% senior subordinated notes due 2011 -- to Caa2, LGD6, 96%
  from Caa3, LGD4, 69%

* 6.375% senior subordinated notes due 2013 -- to Caa2, LGD6, 96%
  from Caa3, LGD4, 69%

These ratings will be withdrawn at closing:

* $500 million existing senior secured revolving facility -- B2,
  LGD2, 17%

* $45 million ($300 million original amount) existing first lien
  term loan -- B2, LGD2 17%

Moody's most recent rating action on Radio One was May 11, 2009
when Moody's downgraded Radio One's CFR to Caa1 and downgraded its
PDR to Caa2.

Radio One Inc., headquartered in Lanham, Maryland operates or owns
interests in broadcasting stations, a cable television network,
and Internet-based properties, largely targeting the African-
American audience.  The company reported sales of approximately
$270 million through the 12 months ending March 31, 2010.


RADIO ONE: S&P Puts Junk Corp. Credit Rating on CreditWatch Pos.
----------------------------------------------------------------
Standard & Poor's Rating Services placed its 'CCC+' corporate
credit rating on Lanham, Md.-based radio broadcaster Radio One
Inc. on CreditWatch with positive implications.  The company has
proposed several transactions to refinance its capital structure
and acquire a controlling stake in TV One LLC.  Upon completion of
the refinancing, and assuming there are no material changes to the
proposed terms, S&P expects to raise the corporate credit rating
to 'B' with a stable outlook.

At the same time, S&P has assigned the company's proposed senior
secured credit facility its issue-level rating of 'BB-' (two
notches higher than the expected 'B' corporate credit rating) with
a recovery rating of '1', indicating S&P's expectation of very
high (90% to 100%) recovery in the event of a payment default.
The senior secured credit facility consists of a $50 million
revolving credit facility due 2014 and a $350 million term loan B,
which matures in 7 years, or three months prior to the maturity of
the company's proposed second-lien notes, unless 85% of the
second-lien notes have been repaid by that time.

S&P assigned Radio One's proposed $100 million secured second-lien
notes due 2016 and $267.4 million of unsecured exchange notes due
2017 an issue-level rating of 'CCC+' (two notches lower than the
expected 'B' corporate credit rating) with a recovery rating of
'6', indicating S&P's expectation of negligible (0% to 10%)
recovery for noteholders in the event of a payment default.

"In S&P's opinion, Radio One's proposed refinancing plan
alleviates risk surrounding near-term maturities and potential
covenant violations under its existing credit facility," said
Standard & Poor's credit analyst Michael Altberg.

The existing facility was set to mature on Jan. 1, 2011, if the
company were unable to refinance its 8.875% senior subordinated
notes prior to that date.  In addition to a new $400 million
credit facility, Radio One plans to issue roughly $267.4 million
of unsecured exchange notes to refinance its existing subordinated
debt and offer subordinated noteholders the opportunity to
subscribe to its new $100 million second-lien secured offering.

S&P expects the company to use proceeds from the second-lien notes
to acquire an additional 19.4% stake in TV One LLC, an African-
American targeted cable TV network, giving the company a
controlling interest of about 56.2%.  The additional investment in
TV One helps to diversify the company's business mix, providing a
more stable revenue stream due to contractual affiliate fees that
have annual escalators.  Nevertheless, S&P expects fully adjusted
leverage to remain high over the intermediate term due to a slower
recovery in the radio segment because of transitional risks at the
company's REACH Media business, and ongoing losses at its
Interactive One business.  S&P also believe that debt levels could
increase modestly in late 2010 or early 2011 due to the company's
call option to purchase an additional 10% stake in TV One from
DirecTV.  Pro forma for the currently proposed refinancing
transaction the company had $733.5 million of debt outstanding as
of March 31, 2010.

Radio One is primarily a radio broadcaster targeting the African-
American audience, with a portfolio of about 53 radio stations in
16 of the top 50 African-American markets.  Within its radio
segment, there is revenue concentration risk among four markets--
Houston, Texas; Washington, DC; Atlanta, Ga; and Baltimore, Md.--
which together account for 50.1% of radio revenue.  In addition to
a current 37% interest in TV One, the company has a 53.5%
ownership interest in REACH Media Inc., a programming syndication
business that is undergoing a transitional period following the
expiration of a sales representation agreement, which S&P believes
will affect near-term profitability at the segment.  Interactive
One is the company's online unit, which is currently generating an
EBITDA loss, and could take longer to reach breakeven than
originally anticipated.

The positive CreditWatch listing reflects the potential for an
upgrade over the near term based on the outcome of Radio One's
proposed refinancing.  Upon completion of the refinancing, and
assuming there are no material changes to the proposed terms, S&P
expects to raise its corporate credit rating on the company to 'B'
with a stable outlook.


RAMSEY HOLDINGS: Oklahoma Court Confirms Reorganization Plan
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Oklahoma
confirmed the Chapter 11 Plan of Reorganization for Ramsey
Industries Inc. and its debtor-affiliates, according to reporting
by PennEnergy.  The report relates that the Chapter 11 has enabled
the Company to restructure its balance sheet and obtain new
financing that positions the Company well and to continue to be an
industry leader.

As reported in the Troubled Company Reporter on April 6, 2010, the
Plan provides for the recapitalization of the debt to the
prepetition senior lenders.  The Debtors will execute and deliver
to the administrative agent, for the benefit of the prepetition
senior lenders, the exit term loan, which is a $50,000,000 term
promissory note, with a maturity date of October 31, 2013.
Additionally, on the effective date, the Debtors will enter into
the exit revolving facility, which is a senior secured first lien
$3,000,000 revolving credit facility.

Creditors and interest holders will be treated as follows:

  * Class 1 prepetition senior facility claims will receive
    their pro rata share of the exit term loan and payment of
    administrative agent's fees and expenses.

  * Holders of Class 2 - other secured claims, at the Debtors'
    option, will either have the claim cured and reinstated; or
    will receive other treatment as may be agreed to between the
    holder and the Debtors.

  * Class 3 - other priority claims will be paid in full, in cash,
    on the distribution date.

  * Class 4 general unsecured claims will receive 90% of the
    allowed claim in installments.

  * Class 5 unsecured deficiency claims will receive their pro
    rata share of the Class A equity interests.

  * Class 6 junior lender claims will receive their pro rata share
    of the Class B equity interests and payment of the junior
    lender fees and expenses.

  * Administrative convenience claims will be paid full, in
    cash, on the distribution date.

  * Class 8 - intercompany claims will receive no distribution.

  * Class 9 - intercompany interests will be reinstated on the
    effective date.

  * Class 10 - parent equity interests will receive their pro rata
    share of the Class C equity interests and payment of sponsor's
    fees and expenses.

A full-text copy of the Disclosure Statement is available for free
at http://bankrupt.com/misc/RamseyHoldings_DS.pdf

                    About Ramsey Holdings, Inc.

Headquartered in Tulsa, Oklahoma, Ramsey offers an array of
industrial and consumer electric and hydraulic, worm and planetary
gear winches and a comprehensive line of truck-mounted telescopic
and articulating cranes and crane service bodies.

Ramsey Holdings, Inc., filed for Chapter 11 bankruptcy protection
on December 18, 2009 (Bankr. N.D. Okla. Case No. 09-13998).  The
Company's affiliates -- Auto Crane Company; Eskridge, Inc.; Ramsey
Industries, Inc.; and Ramsey Winch Company -- also filed for
Chapter 11 bankruptcy protection.  Mark D.G. Sanders, Esq., at
GableGotwals, P.C., represents the Debtor in its Chapter 11
effort.  Ramsey Holdings listed $10,000,001 to $50,000,000 in
assets and $50,000,001 to $100,000,000 in liabilities.


RAZA PROPERTIES: Case Summary & 3 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Raza Properties, LLC
        3 Elisha Drive
        Allentown, NJ 08501

Bankruptcy Case No.: 10-28452

Chapter 11 Petition Date: June 16, 2010

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Raymond T. Lyons Jr.

Debtor's Counsel: Lance D. Brown, Esq.
                  The Brown DePinto Law Firm, LLC
                  1 AAA Drive, Suite 205
                  Robbinsville, NJ 08691
                  Tel: (609) 587-5100
                  Fax: (609) 587-6030
                  E-mail: lancebrownlaw@gmail.com

Scheduled Assets: $530

Scheduled Debts: $1,928,450

A list of the Company's 3 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/njb10-28452.pdf

The petition was signed by Sibte I. Kazmi, owner.


REALOGY CORP: Bank Debt Trades at 15% Off in Secondary Market
-------------------------------------------------------------
Participations in a syndicated loan under which Realogy Corp. is a
borrower traded in the secondary market at 84.75 cents-on-the-
dollar during the week ended Friday, June 18, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 1.46 percentage
points from the previous week, The Journal relates.  The Company
pays 300 basis points above LIBOR to borrow under the facility.
The bank loan matures on Sept. 30, 2013, and carries Moody's Caa1
rating and Standard & Poor's CCC- rating.  The debt is one of the
biggest gainers and losers among 184 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

Realogy Corp. -- http://www.realogy.com/-- a global provider of
real estate and relocation services with a diversified business
model that includes real estate franchising, brokerage, relocation
and title services.  Realogy's world-renowned brands and business
units include Better Homes and Gardens Real Estate, CENTURY 21,
Coldwell Banker, Coldwell Banker Commercial, The Corcoran Group,
ERA, Sotheby's International Realty, NRT LLC, Cartus and Title
Resource Group.  Collectively, Realogy's franchise systems have
approximately 15,000 offices and 270,000 sales associates doing
business in 92 countries around the world.

Headquartered in Parsippany, N.J., Realogy is owned by affiliates
of Apollo Management, L.P., a leading private equity and capital
markets investor.  Realogy fully supports the principles of the
Fair Housing Act.


RHODES ASSOCIATES: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Rhodes Associates Executive Search, Inc.
        555 Fifth Avenue, 6th Floor
        New York, NY 10017

Bankruptcy Case No.: 10-13218

Chapter 11 Petition Date: June 17, 2010

Court: U.S. Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Shelley C. Chapman

Debtor's Counsel: Avrum J. Rosen, Esq.
                  The Law Offices of Avrum J. Rosen, PLLC
                  38 New Street
                  Huntington, NY 11743
                  Tel: (631) 423-8527
                  Fax: (631) 423-4536
                  E-mail: ajrlaw@aol.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

According to the schedules, the Company says that assets total
$1,120,658 while debts total $3,568,498.

A copy of the Company's list of 20 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/nysb10-13218.pdf

The petition was signed by Steven Littman, president.


ROBERT BRILLIANT: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Joint Debtors: Robert M. Brilliant
               dba Hibiscus Suites Inn
               Cheryl P. Brilliant
               3726 Castellon Court
               Sarasota, FL 34238

Bankruptcy Case No.: 10-14485

Chapter 11 Petition Date: June 17, 2010

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Judge: Catherine Peek McEwen

Debtor's Counsel: Buddy D. Ford, Esq.
                  115 N. MacDill Avenue
                  Tampa, FL 33609-1521
                  Tel: (813) 877-4669
                  Fax: (813) 877-5543
                  E-mail: Buddy@tampaesq.com

Scheduled Assets: $1,485,513

Scheduled Debts: $8,669,138

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flmb10-14485.pdf

The petition was signed by Robert M. Brilliant and Cheryl P.
Brilliant.


ROBERT GILBERT: Taps Burton & Armstrong as Bankruptcy Counsel
-------------------------------------------------------------
Robert Clark Gilbert filed asks the U.S. Bankruptcy Court for the
Northern District of Georgia to employ Burton & Armstrong, LLP, as
counsel.

B&A will:

   a) prepare the Chapter 11 petition, schedules, statement of
      affairs, and other pleadings required by the Bankruptcy Code
      or Bankruptcy Rules;

   b) counsel the Debtor with respect to his powers and duties as
      a Debtor-in-possession;

   c) represent the Debtor in administrative or contested matters
      and adversary proceedings in this Court by or against the
      Debtor; and

   d) perform all legal services for the Debtor which may be
      necessary in the Bankruptcy Case.

B&A received a prepetition retainer of $28,000.  The hourly rates
of B&A personnel are:

     Joseph J. Burton, Jr.      $375
     Rosemary S. Armstrong      $350
     Paralegals                 $100

To the best of the Debtor's knowledge, B&A is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached at:

     Burton & Armstrong, Suite 1750
     Two Ravinia Drive
     Atlanta, GA 30346
     Tel: (404) 892-4144
     Fax: (404) 892-0390

                    About Robert Clark Gilbert

Acworth, Georgia-based Robert Clark Gilbert filed for Chapter 11
bankruptcy protection on March 15, 2010 (Bankr. N.D. Ga. Case No.
10-41047).  Joseph J. Burton, Jr., Esq., who has an office in
Atlanta, Georgia, assists the Debtor in his restructuring effort.
The Debtor listed $10,000,001 to $50,000,000 in assets and
$1,000,001 to $10,000,000 in liabilities.


ROBERT GILBERT: Files Schedules of Assets and Liabilities
---------------------------------------------------------
Robert Clark Gilbert filed with the U.S. Bankruptcy Court for the
Northern District of Georgia its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $1,079,000
  B. Personal Property           $10,640,750
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $3,410,000
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $10,015
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $1,764,527
                                 -----------      -----------
        TOTAL                    $11,719,750       $5,184,542

Acworth, Georgia-based Robert Clark Gilbert filed for Chapter 11
bankruptcy protection on March 15, 2010 (Bankr. N.D. Ga. Case No.
10-41047).  Joseph J. Burton, Jr., Esq., who has an office in
Atlanta, Georgia, assists the Debtor in his restructuring effort.
The Debtor listed $10,000,001 to $50,000,000 in assets and
$1,000,001 to $10,000,000 in liabilities.


RYLAND GROUP: Fitch Affirms Issuer Default Rating at 'BB'
---------------------------------------------------------
Fitch Ratings has affirmed Ryland Group, Inc.'s ratings:

  -- Issuer Default Rating at 'BB';
  -- Senior unsecured debt at 'BB'.

The Rating Outlook has been revised to Stable from Negative.

The ratings affirmation and the Outlook revision to Stable from
Negative reflect the company's strong liquidity position, improved
operating results and moderately stronger prospects for the
housing sector this year.  The ratings also reflect Ryland's
successful execution of its business model, moderate financial
policies, geographic and product line diversity and the still
challenging U.S. housing environment.

In recent years the company has improved its capital structure,
pursued conservative capitalization policies and has positioned
itself to withstand a meaningful housing downturn.  Ryland's
significant ranking (within the top five or top 10) in most of its
markets, its presale operating strategy and a return on capital
focus provide the framework to soften the impact on margins from
declining market conditions.  Acquisitions have not played a part
in Ryland's operating strategy, as management has preferred to
focus on internal growth (expanding its position in existing
markets and occasional greenfield new market entries).

Ryland ended the first quarter with $278.5 million of unrestricted
cash and $480.7 million of marketable securities.  The company
terminated its revolving credit facility during the second quarter
of 2009 and subsequently entered into various letters of credit
agreements that are secured by cash deposits.  At March 31, 2010,
letters of credit totaling $61.6 million were outstanding under
these agreements.  Consistent with Fitch's comment on
homebuilders' termination of revolving credit facilities, in the
absence of a revolving credit line, a consistently higher level of
cash and equivalents than was typical should be maintained on the
balance sheet (about $200 million-$300 million), especially in
these still uncertain times.  Ryland accessed the capital markets
during the past year and used these debt proceeds to redeem some
of its existing debt.  As a result, the company has pushed out its
maturities, with no major debt coming due until June 2013
($186 million).

Ryland employs conservative land and construction strategies.  The
company only buys entitled land and intends to keep an
approximately three to four year supply of lots under control.  As
of March 31, 2010, 25.3% of its lots were controlled through
options -- a much lower than typical percentage due to
considerable option abandonments and write-offs of recent years.
Total lots, including those owned and controlled through joint
ventures, were approximately 23,782 at March 31, 2010.  This
represents a 4.7-year supply of total lots controlled and 3.2-year
supply of owned land based on trailing 12 months deliveries.

Ryland has started to re-build its land position, supported by its
strong liquidity.  During the first quarter of 2010, the company
increased its lot count for the first time in four years.  Ryland
expects to spend roughly $300 million-$325 million on land
acquisitions and $50 million-$75 million on development
expenditures during 2010.  (Fitch estimates that the company spent
less than $175 million for land and development expenditures in
2009.) Ryland generated $17 million of cash flow from operations
during the first quarter of 2010, which included $100.5 million of
tax refunds received during the quarter.  On a latest 12 months
(LTM) basis cash flow from operations was $140.9 million.  For all
of fiscal 2010, Fitch expects Ryland to be cash flow negative as
the company starts to rebuild its land position.  Negative cash
flow is typical in the early stages of a housing recovery for many
of the large public builders.  Fitch is comfortable with this
strategy given the company's liquidity position, well-laddered
debt maturity schedule, proven access to the capital markets and
management's demonstrated discipline in pulling back on land and
development spending and improving its liquidity when the economy
and housing contract.

Housing apparently bottomed during 2009, and a so far anemic
recovery has begun.  During the next 12-15 months off the bottom,
the recovery may appear jaw-toothed as substantial foreclosures
now in the pipeline present as distressed sales and as meaningful
new foreclosures arise from Alt-A and option ARM resets.  High
unemployment rates and the tightening of certain Federal Housing
Administration loan standards will be notable headwinds early in
the upcycle.  The continuation and expansion of the scope of the
national housing credit may have boosted sales in spring of this
year, pulling demand forward from future months.  And the Federal
government's continuing efforts to modify foreclosures may finally
show some success in 2010.

Future ratings and Outlooks will be influenced by broad housing
market trends as well as company specific activity, such as trends
in land and development spending, general inventory levels,
speculative inventory activity (including the impact of high
cancellation rates on such activity), gross and net new order
activity, debt levels and especially free cash flow trends and
uses, and the company's cash position.


SAINT VINCENTS: Committee Proposes KCC as Communications Agent
--------------------------------------------------------------
The Official Committee of Unsecured Creditors for Saint Vincents
Catholic Medical Centers of New York and its affiliates seeks the
Court's authority to retain Kurtzman Carson Consultants, LLC, as
its communications agent nunc pro tunc to April 28, 2010.

KCC will undertake, among others, some or all of these actions and
procedures:

  a. Establish and maintain an internet-accessible Web site that
     provides, without limitation:

       (1) a link or other form of access to the Web site
           maintained by the Debtors' claims, noticing and
           balloting agent at
           http://chapter11.epiqsystems.com/SV2/which will
           include, among other things, the case docket and
           claims register;

       (2) highlights of significant events in the Debtors'
           Chapter 11 cases provided by the Committee;

       (3) a general overview of the Chapter 11 process provided
           by the Committee;

       (4) press releases issued by the Committee or the Debtors
           provided by the Committee;

       (5) a non-public registration form for creditors to
           request updates regarding the Chapter 11 cases via
           electronic mail;

       (6) a non-public form to submit creditor questions,
           comments and requests for access to information;

       (7) responses to creditor questions, comments, and
           requests for access to information; provided, that
           the Committee may privately provide those responses
           in the exercise of its reasonable discretion,
           including in light of the nature of the information
           request and the creditor's agreement to appropriate
           confidentiality and trading constraints;

       (8) answers to frequently asked questions;

       (9) links to other relevant web sites;

      (10) the names and contact information for the Debtors'
           counsel and restructuring advisors; and

      (11) the names and contact information for the Committee's
           counsel and financial advisors;

  b. Distribute updates regarding the Chapter 11 cases via
     electronic mail for creditors that have registered for
     those service on the Committee Web site; and

  c. Establish and maintain a telephone number and electronic
     mail address for creditors to submit questions and
     comments.

The Committee has selected KCC because it is one of the
country's leading Chapter 11 administrators, and specializes in
noticing, claims processing, balloting and other administrative
tasks necessary to operate Chapter 11 cases.

Albert H. Kass, vice president of Corporate Restructuring Services
of Kurtzman Carson Consultants, LLC, assures that Court that his
firm is a "disinterested person," as that term is defined in
Section 101(14) of the Bankruptcy Code.

           About Saint Vincent Catholic Medical Centers

Saint Vincent Catholic Medical Centers -- http://www.svcmc.org/--
is anchored by St. Vincent's Hospital Manhattan, an academic
medical center located in Greenwich Village and the only emergency
room on the Westside of Manhattan from Midtown to Tribeca, St.
Vincent's Westchester, a behavioral health hospital in Westchester
County, and continuing care services that include two skilled
nursing facilities in Brooklyn, another on Staten Island, a
hospice, and a home health agency serving the Metropolitan New
York area.  Its behavioral health services also provide supportive
housing programs for people with mental illness throughout the
Metropolitan area.  Saint Vincent's is the designated provider for
the New York and New Jersey region of the US Family Health Plan
sponsored by the US Department of Defense.  Saint Vincent's serves
as the academic medical center of New York Medical College in New
York City. The healthcare organization is sponsored by the Roman
Catholic Bishop of Brooklyn and the president of the Sisters of
Charity of New York.

Saint Vincent Catholic Medical Centers of New York and six of its
affiliates filed for Chapter 11 protection on July 5, 2005 (Bankr.
S.D.N.Y. Case No. 05-14945 through 05-14951).  Gary Ravert, Esq.,
and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, filed
the Debtors' Chapter 11 cases.  On September 12, 2005, John J.
Rapisardi, Esq., at Weil, Gotshal & Manges LLP took over
representing the Debtors in their restructuring efforts.  Martin
G. Bunin, Esq., at Thelen Reid & Priest LLP, represented the
Official Committee of Unsecured Creditors.  As of April 30, 2005,
the Debtors listed $972 million in total assets and $1 billion in
total debts.  The Court confirmed the Debtors' Chapter 11 plan on
July 27, 2007.

St. Vincent Catholic Medical Centers and its affiliates returned
to the bankruptcy court by filing another Chapter 11 petition on
April 14, 2010 (Bankr. S.D.N.Y. Case No. 10-11963).  The new
petition listed assets of $348 million against debt totaling
$1.09 billion.  Adam C. Rogoff, Esq., and Kenneth H. Eckstein,
Esq., at Kramer Levin Naftalis & Frankel LLP, assist the Debtors
in their restructuring efforts.  The Debtors' special counsel is
Garfunkel Wild, P.C., while their Crisis Management Team is led by
Grant Thornton LLP.  The Debtors' Chief Restructuring Officer is
Mark E. Toney.


SAINT VINCENTS: Committee Withdraws Request to Hire Houlihan
------------------------------------------------------------
The Official Committee of Unsecured Creditors in St. Vincents
Catholic Medical Centers' cases withdrew its request for authority
to retain Houlihan Lokey Howard & Zukin Capital, Inc., as its
financial advisor and investment banker.

The Committee previously said it has selected Houlihan based on
its extensive experience and expertise in corporate
restructurings, its knowledge of the capital and real estate
markets, valuation, corporate finance and merger and acquisition
capabilities, as well as its specific experience with and
knowledge of the Debtors and the Debtors' capital structure as a
result of Houlihan's work during the Debtors' previous Chapter 11
proceeding.

           About Saint Vincent Catholic Medical Centers

Saint Vincent Catholic Medical Centers -- http://www.svcmc.org/--
is anchored by St. Vincent's Hospital Manhattan, an academic
medical center located in Greenwich Village and the only emergency
room on the Westside of Manhattan from Midtown to Tribeca, St.
Vincent's Westchester, a behavioral health hospital in Westchester
County, and continuing care services that include two skilled
nursing facilities in Brooklyn, another on Staten Island, a
hospice, and a home health agency serving the Metropolitan New
York area.  Its behavioral health services also provide supportive
housing programs for people with mental illness throughout the
Metropolitan area.  Saint Vincent's is the designated provider for
the New York and New Jersey region of the US Family Health Plan
sponsored by the US Department of Defense.  Saint Vincent's serves
as the academic medical center of New York Medical College in New
York City. The healthcare organization is sponsored by the Roman
Catholic Bishop of Brooklyn and the president of the Sisters of
Charity of New York.

Saint Vincent Catholic Medical Centers of New York and six of its
affiliates filed for Chapter 11 protection on July 5, 2005 (Bankr.
S.D.N.Y. Case No. 05-14945 through 05-14951).  Gary Ravert, Esq.,
and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, filed
the Debtors' Chapter 11 cases.  On September 12, 2005, John J.
Rapisardi, Esq., at Weil, Gotshal & Manges LLP took over
representing the Debtors in their restructuring efforts.  Martin
G. Bunin, Esq., at Thelen Reid & Priest LLP, represented the
Official Committee of Unsecured Creditors.  As of April 30, 2005,
the Debtors listed $972 million in total assets and $1 billion in
total debts.  The Court confirmed the Debtors' Chapter 11 plan on
July 27, 2007.

St. Vincent Catholic Medical Centers and its affiliates returned
to the bankruptcy court by filing another Chapter 11 petition on
April 14, 2010 (Bankr. S.D.N.Y. Case No. 10-11963).  The new
petition listed assets of $348 million against debt totaling
$1.09 billion.  Adam C. Rogoff, Esq., and Kenneth H. Eckstein,
Esq., at Kramer Levin Naftalis & Frankel LLP, assist the Debtors
in their restructuring efforts.  The Debtors' special counsel is
Garfunkel Wild, P.C., while their Crisis Management Team is led by
Grant Thornton LLP.  The Debtors' Chief Restructuring Officer is
Mark E. Toney.


SAINT VINCENTS: M. Katzenstein Sues VIII SV556 for Secured Claim
----------------------------------------------------------------
Michael E. Katzenstein or the "MedMal Trust Monitor", in his
capacity as the MedMal Trust Monitor of the MedMal-MW Trust, the
MedMal-SI Trust and the MedMal-BQ Trust appointed pursuant to the
Chapter 11 Plan of the Debtors confirmed on July 27, 2007, filed a
complaint against VIII SV5556 Lender, LLC.

The action seeks, among others, declaratory and injunctive relief
with respect to the amount and breadth of priority of the secured
claim asserted by VIII SV5556 Lender against the Debtors in their
bankruptcy cases.

The claim arises from a promissory note, first-priority mortgage
and related documents on Staff House, issued to the original
holder of the claim under the Chapter 11 Plan.  VIII SV5556 Lender
asserts that under the Chapter 11 Plan and the Loan Documents, the
first-priority security interest on Staff House was explicitly
limited to an amount of indebtedness no greater than
$42.5 million, in order to protect the value of the second-
priority security interest on Staff House provided to the MedMal
Trusts, and their beneficiaries, under the Chapter 11 Plan.

As of the Petition Date, as a result of payments made to date by
the Debtors, it is undisputed that the principal indebtedness
outstanding under the Loan Documents was $39,504,454, Mr.
Katzenstein relates.

Mr. Katzenstein maintains that subsequent to the Petition Date,
VIII SV5556 Lender purchased the claim in an attempt to bolster
its position as a potential bidder interested in acquiring Staff
House in the auction process established in these bankruptcy
cases.  He adds that the purchase price paid by VIII SV5556 Lender
for the claim was in the amount of the Current Principal
Indebtedness.

Mr. Katzenstein relates that shortly after acquiring the claim,
despite the undisputed amount of Current Principal Indebtedness
outstanding under the claim and the Secured Claim Cap, VIII SV5556
Lender filed a proof of secured claim for not less than
$46,061,378, plus interest, costs and fees.

VIII SV5556 Lender has sought acknowledgment by the estate of its
purported right to credit bid the face of the Claim for the sale
of Staff House, to the detriment of the Debtors and their
creditors, Mr. Katzenstein avers.

Thus, Mr. Katzenstein seeks, among other things:

   (i) declaratory judgment that, according to the terms of the
       Chapter 11 Plan and Loan Documents, the allowed amount of
       Claim No. 59 is limited to the amount of the Current
       Principal Indebtedness;

  (ii) injunctive relief prohibiting VIII SV5556 Lender from
       credit bidding any amount asserted in excess of the
       Current Principal Indebtedness, which represents the
       undisputed portion of Claim No. 59; and

(iii) entry of an order sustaining the objection to Claim No. 59
       and allowing Claim No. 59 in an amount no greater than the
       Current Principal Indebtedness.

           About Saint Vincent Catholic Medical Centers

Saint Vincent Catholic Medical Centers -- http://www.svcmc.org/--
is anchored by St. Vincent's Hospital Manhattan, an academic
medical center located in Greenwich Village and the only emergency
room on the Westside of Manhattan from Midtown to Tribeca, St.
Vincent's Westchester, a behavioral health hospital in Westchester
County, and continuing care services that include two skilled
nursing facilities in Brooklyn, another on Staten Island, a
hospice, and a home health agency serving the Metropolitan New
York area.  Its behavioral health services also provide supportive
housing programs for people with mental illness throughout the
Metropolitan area.  Saint Vincent's is the designated provider for
the New York and New Jersey region of the US Family Health Plan
sponsored by the US Department of Defense.  Saint Vincent's serves
as the academic medical center of New York Medical College in New
York City. The healthcare organization is sponsored by the Roman
Catholic Bishop of Brooklyn and the president of the Sisters of
Charity of New York.

Saint Vincent Catholic Medical Centers of New York and six of its
affiliates filed for Chapter 11 protection on July 5, 2005 (Bankr.
S.D.N.Y. Case No. 05-14945 through 05-14951).  Gary Ravert, Esq.,
and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, filed
the Debtors' Chapter 11 cases.  On September 12, 2005, John J.
Rapisardi, Esq., at Weil, Gotshal & Manges LLP took over
representing the Debtors in their restructuring efforts.  Martin
G. Bunin, Esq., at Thelen Reid & Priest LLP, represented the
Official Committee of Unsecured Creditors.  As of April 30, 2005,
the Debtors listed $972 million in total assets and $1 billion in
total debts.  The Court confirmed the Debtors' Chapter 11 plan on
July 27, 2007.

St. Vincent Catholic Medical Centers and its affiliates returned
to the bankruptcy court by filing another Chapter 11 petition on
April 14, 2010 (Bankr. S.D.N.Y. Case No. 10-11963).  The new
petition listed assets of $348 million against debt totaling
$1.09 billion.  Adam C. Rogoff, Esq., and Kenneth H. Eckstein,
Esq., at Kramer Levin Naftalis & Frankel LLP, assist the Debtors
in their restructuring efforts.  The Debtors' special counsel is
Garfunkel Wild, P.C., while their Crisis Management Team is led by
Grant Thornton LLP.  The Debtors' Chief Restructuring Officer is
Mark E. Toney.


SAINT VINCENTS: Wins OK for Loeb as Healthcare Advisor
------------------------------------------------------
The U.S. Bankruptcy Court authorized Saint Vincents Catholic
Medical Centers of New York and its affiliates to employ Loeb &
Troper LLP as their healthcare transaction advisor pursuant to
Section 327(a) of the Bankruptcy Code.

Pursuant to the Engagement Letter, the Debtors agreed to
compensate Loeb & Troper on these terms:

  (a) An aggregate amount of $82,500, consisting of (i) $75,000
      payable to Loeb & Troper upon execution of the Engagement
      Letter, and (ii) an initial payment of $7,500;

  (b) A fixed monthly fee of $10,500 for the first six months of
      the Engagement, and $8,000 for each subsequent month until
      the closing of the Sales;

(c) Upon consummation of a Sale or Sales of any of the Nursing
     and Rehabilitation Businesses, Loeb & Troper will receive
     1% of the relevant sale price to be paid on the closing
     date of the relevant Sale; and

(d) The Initial Advance and the Monthly Fee will be credited
     against the Transaction Fee; provided however, that the
     minimum compensation paid to Loeb & Troper will be
     $300,000; provided however, that the Transaction Fee will
     be contingent upon consummation of the Sale or Sales of the
     Nursing and Rehabilitation Businesses.

The Debtors have also agreed to reimburse Loeb & Troper for its
out-of-pocket expenses.

The Court's order provides that Fee Arrangement is modified for
Co-Brokered Assets where Loeb & Troper will receive a Transaction
Fee of 0.9% of Aggregate Transaction Value for each sale or other
transaction for a Co-Brokered Asset, subject to a minimum
transaction fee in the amount equal to the lesser of (a) $300,000
or (b) 2.5% of Aggregate Transaction Value for each sale or other
transaction for a Co-Brokered Asset.

           About Saint Vincent Catholic Medical Centers

Saint Vincent Catholic Medical Centers -- http://www.svcmc.org/--
is anchored by St. Vincent's Hospital Manhattan, an academic
medical center located in Greenwich Village and the only emergency
room on the Westside of Manhattan from Midtown to Tribeca, St.
Vincent's Westchester, a behavioral health hospital in Westchester
County, and continuing care services that include two skilled
nursing facilities in Brooklyn, another on Staten Island, a
hospice, and a home health agency serving the Metropolitan New
York area.  Its behavioral health services also provide supportive
housing programs for people with mental illness throughout the
Metropolitan area.  Saint Vincent's is the designated provider for
the New York and New Jersey region of the US Family Health Plan
sponsored by the US Department of Defense.  Saint Vincent's serves
as the academic medical center of New York Medical College in New
York City. The healthcare organization is sponsored by the Roman
Catholic Bishop of Brooklyn and the president of the Sisters of
Charity of New York.

Saint Vincent Catholic Medical Centers of New York and six of its
affiliates filed for Chapter 11 protection on July 5, 2005 (Bankr.
S.D.N.Y. Case No. 05-14945 through 05-14951).  Gary Ravert, Esq.,
and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, filed
the Debtors' Chapter 11 cases.  On September 12, 2005, John J.
Rapisardi, Esq., at Weil, Gotshal & Manges LLP took over
representing the Debtors in their restructuring efforts.  Martin
G. Bunin, Esq., at Thelen Reid & Priest LLP, represented the
Official Committee of Unsecured Creditors.  As of April 30, 2005,
the Debtors listed $972 million in total assets and $1 billion in
total debts.  The Court confirmed the Debtors' Chapter 11 plan on
July 27, 2007.

St. Vincent Catholic Medical Centers and its affiliates returned
to the bankruptcy court by filing another Chapter 11 petition on
April 14, 2010 (Bankr. S.D.N.Y. Case No. 10-11963).  The new
petition listed assets of $348 million against debt totaling
$1.09 billion.  Adam C. Rogoff, Esq., and Kenneth H. Eckstein,
Esq., at Kramer Levin Naftalis & Frankel LLP, assist the Debtors
in their restructuring efforts.  The Debtors' special counsel is
Garfunkel Wild, P.C., while their Crisis Management Team is led by
Grant Thornton LLP.  The Debtors' Chief Restructuring Officer is
Mark E. Toney.


SAKS INCORPORATED: Fitch Upgrades Issuer Default Rating to 'B'
--------------------------------------------------------------
Fitch Ratings has upgraded the Issuer Default Rating of Saks
Incorporated to 'B' from 'B-'.  Based on Fitch's recovery
analysis, the issue ratings on Saks' $500 million senior secured
bank credit facility has been upgraded to 'BB/RR1' from 'BB-/RR1'
and the ratings on the senior unsecured notes have been upgraded
to 'BB/RR1 from 'B/RR3'.  The Rating Outlook is Stable.

The upgrades reflect the positive momentum in comparable store
sales (comps) trends since December 2009 and the improvement in
EBITDA and credit metrics relative to expectations.  Fitch had
previously assumed that comps would remain negative through 2010
and as a result, Saks' leverage would have likely been over 10
times.  However, given comps in the positive mid-single digit
range over the last six months, latest 12-month EBITDA for the
period ended May 1, 2010, improved to $150 million versus
$110 million in 2009 and $10 million in 2008, well above Fitch's
expectations.  Fitch expects adjusted debt/EBITDAR to improve to
around 5.0x in 2010 from 6.3x in 2009 and 13.0x in 2008, assuming
mid-single digit comps for the year.

For 2011 and 2012, Fitch expects the company to report low single
digit comps growth and as a result, credit metrics are expected to
improve modestly.  This also assumes the company pays down
$142 million of debt due October 2011.  At an EBITDA level of
approximately $190 million and total debt paydown of $175 million
in 2010 and 2011 maturities, Saks' leverage would return to a pre-
recession level of 4.2x reported in 2007.

Embedded in Fitch's sales expectation is a cautious outlook for
the luxury sector and while recent comps trends for the luxury
department store retailers have generally outperformed the broader
department store sector given very depressed sales levels in the
year ago period, it is still premature to determine a sustained
level of sales growth for 2011/2012.  Other concerns for Saks
include the high volatility and variability in sales and earnings;
historically weak operating results with sales productivity and
profitability that is well below its two closest industry peers;
and the dependence on the flagship New York store which accounts
for approximately 20% of company sales but a higher percent of
profit given significantly higher sales per square foot.

Lower sales productivity at Saks' stores over the last 10 years
relative to its two closest peers have kept operating margins at
depressed levels.  For 2009, Saks' average sales per square foot
excluding its New York flagship store was under $310 versus $370
at Nordstrom and $450 at Neiman Marcus.  As a result, EBITDA
margin at Saks was 4.2% in 2009 versus 10.1% at Neiman Marcus and
14.4% at Nordstrom (excluding its credit card business).  Even
pre-recession, Saks EBITDA margin at just over 7% in 2007 lagged
significantly behind mid-teen operating margins for these two
retailers.  Before Saks was hit with the downturn in late 2008,
the company appeared to be in the midst of a successful turnaround
through upgrading and broadening its merchandise mix, upgrading
technology and targeted investments in its stores.  This had
resulted in superior comps performance from mid-2006 through mid-
2008 and returned the company to profitability in 2007.

With the downturn in late 2008, profitability came under
significant pressure on double digit sales declines.  As a result,
Saks was forced to pull back on store level investments, primarily
major and expensive renovation projects, and expects 2010 net
capital expenditures to be in the range of $55 million versus
$60 million in 2009 and $125 million plus range for 2006-2008.
Earlier this year, the company also announced plans to close a
handful of underperforming stores over the next couple of years,
with three store closings announced to date.  Overall, Fitch
thinks the asset base is in good shape given the significant
capital infusion between 2006 and 2008 and the current level of
capital spending adequately addresses maintenance capital spending
and some level of remodeling activity.

The main challenge will be Saks' ability to drive sustainable
comps growth and leverage fixed costs to improve profitability.
Given the recent downturn, the company has intensified its mix in
the mid-price points (or 'good' and 'better' price options), as
have Neiman Marcus and Nordstrom.  The company has also focused on
exclusives and private label offerings, which currently account
for less than 10% of sales but Saks expects this could approach
20% over time.  The main risk for the luxury retailers is striking
the right merchandising balance at various price points and
maintaining a consistent focus on the core luxury customer.

Saks has significantly improved its liquidity position over the
last 12 months as a result of capital infusion and free cash flow
generation of $117 million in 2009.  It amended and extended its
$500 million credit facility to November 2013 and bolstered
liquidity through its $100 million equity offering in September
2009 and $120 million convertible bond offering in May 2009.  As
of May 1, 2010, the company had approximately $180 million in cash
and no borrowings under its $500 million credit facility.  Fitch
expects free cash flow of approximately $25-$30 million in 2010
and in excess of $50 million in 2011 and 2012.  As a result, Fitch
expects that Saks can pay down debt maturities of $23 million in
December 2010 and $142 million in October 2011 with cash on hand.

The ratings on the company's $500 million secured bank facility
and the senior unsecured notes are derived from the IDR and the
relevant Recovery Rating.  Fitch's recovery analysis assumes a
liquidation value in a distressed scenario of approximately
$1 billion.  This is based on a 50% liquidation value for
inventory and about $640 million (or 70% of book PP&E) for owned
real estate based on dark store valuation analysis.  Saks owns 68%
of its full-line square footage, including its Fifth Avenue New
York City store, which remains unencumbered.

Applying the $1 billion liquidation value for Saks across the
capital structure results in outstanding recovery prospects (over
90%) for its $500 million revolving credit facility and its
unsecured notes, which are therefore rated three notches above the
IDR at 'BB/RR1'.  The $368 million value assumed in Fitch's
recovery analysis for the senior secured credit facility reflects
a borrowing base of $456 million as of May 1, 2010, adjusted for
$87.5 million.  While the fixed charge coverage ratio was above
1.0x at May 1, 2010, Fitch assumes that under a stress case
scenario, the fixed charge coverage would most likely to be under
1.0x and the company would therefore not have access to
$87.5 million of availability.

The senior credit facility which is due to mature in November 2013
is secured by inventories and certain receivables.  Borrowings are
limited to a prescribed percentage of eligible inventories and
receivables.  The facility is not subject to any financial
covenants unless the availability falls below $87.5 million.  At
that time, it is subject to a fixed charge coverage ratio of at
least 1:1.  The facility, which was amended in November 2009,
provided more flexibility in terms of debt incurrence and asset
sales.  The amended facility provided a carveout to sell or
otherwise encumber up to $400 million of real estate during the
term of the agreement.  In addition, the company can sell up to
$50 million worth of assets (and 50% of the unused portion from
the prior year) per year, and up to $250 million in aggregate.
Saks can also incur debt to purchase fixed assets; incur up to
$100 million of debt maturing prior to the expiration date of the
credit facility related to acquisitions, and other unsecured debt
of up to $200 million.  The company also increased the percent of
voting stock that would constitute a change of control (and
trigger an event of default) from over a 20% ownership to over
40%.  The facility contains a provision that would trigger a
default of the facility if a default were to occur in another debt
instrument resulting in the acceleration of principal of more than
$20 million in that instrument.  The senior unsecured notes
contain limitations on the amount of secured indebtedness the
company may incur.


SCOTT FISHER: Case Summary & 37 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Scott Fisher
        806 Buchanen Boulevard
        Suite # 115-303
        Boulder City, NV 89005

Bankruptcy Case No.: 10-21322

Chapter 11 Petition Date: June 17, 2010

Court: U.S. Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Bruce A. Markell

Debtor's Counsel: Richard Mcknight, Esq.
                  330 S. Third ST. #900
                  Las Vegas, NV 89101
                  Tel: (702) 388-7185
                  Fax: (702) 388-0108
                  E-mail: mcknightlaw@cox.net

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

A copy of the Debtor's list of 37 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/nvb10-21322.pdf

The petition was signed by the Debtor.


SENSIVIDA MEDICAL: Morison Cogen Raises Going Concern Doubt
-----------------------------------------------------------
SensiVida Medical Technologies, Inc., filed on June 16, 2010, its
annual report on Form 10-K for the year ended February 28, 2010.

Morison Cogen LLP, in Bala Cynwyd, Pa., expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that the Company has no revenues,
incurred significant losses from operations, has negative working
capital and an accumulated deficit.

The Company reported a net loss of $1,564,329 for the year ended
February 28, 2010, compared to a net loss of $2,186,101 for the
year ended February 28, 2009.

The Company's balance sheet as of February 28, 2010, showed
$2,704,239 in assets and $3,377,721 of liabilities, for a
stockholders' deficit of $673,482.

A full-text copy of the annual report is available for free at:

               http://researcharchives.com/t/s?650c

                     About SensiVida Medical

Based in Henrietta, New York, SensiVida Medicaal Technologies,
Inc. f/k/a Mediscience Technology Corp. is a minimally invasive
bio-medical diagnostic device company.  Its proprietary optical
Micro-systems based technology automates bio-sensing and data
acquisition while minimizing patient discomfort.  The Company's
platform technology addresses a number of disease state
diagnostics -- allergy testing, pain-free automated glucose
monitoring without bio-fouling, blood coagulation testing (e.g.
for Coumadin patients), TB testing and cholesterol monitoring.


SIX FLAGS: Common Shares to Commence Trading on NYSE Under "SIX"
----------------------------------------------------------------
Six Flags Entertainment Corporation (formerly Six Flags, Inc.)
announced Thursday that its shares of common stock will commence
trading on the New York Stock Exchange under the symbol "SIX" at
the market opening on Monday, June 21, 2010.

Al Weber, President and Interim Chief Executive Officer of Six
Flags, said, "We are excited to be once again listed on the New
York Stock Exchange under the familiar SIX ticker symbol.  With
the financial restructuring behind us and a much improved balance
sheet, Six Flags is well positioned for future growth."

                         About Six Flags

Six Flags Entertainment Corporation (formerly Six Flags, Inc.) is
a publicly-traded corporation headquartered in New York City and
is the world's largest regional theme park company with 19 parks
across the United States, Mexico and Canada.

Six Flags filed for Chapter 11 protection on June 13, 2009 (Bankr.
D. Del. Lead Case No. 09-12019).  Paul E. Harner, Esq., Steven T.
Catlett, Esq., and Christian M. Auty, Esq., at Paul, Hastings,
Janofsky & Walker LLP in Chicago, Illinois, act as the Debtors'
lead counsel.  Daniel J. DeFranceschi, Esq., and L. Katherine
Good, Esq., at Richards, Layton & Finger, P.A., in Wilmington,
Delaware, act as local counsel.  Cadwalader Wickersham & Taft LLP,
serves as special counsel.  Houlihan Lokey Howard & Zukin Capital
Inc., serves as financial advisors, while KPMG LLC acts as
accountants.  Kurtzman Carson Consultants LLC serves as claims and
notice agent.  As of March 31, 2009, Six Flags had $2,907,335,000
in total assets and $3,431,647,000 in total liabilities.

Six Flags emerged from Chapter 11 on May 1, 2010.  Under the plan
confirmed by the bankruptcy court on April 30, Six Flags reduced
its indebtedness and mandatorily redeemable preferred stock from
approximately $2.7 billion at December 31, 2009, to approximately
$1.0 billion at emergence.


SMURFIT-STONE: Kramer Levin Bills $2.3 Mil. for Jan.-March Work
---------------------------------------------------------------
These professionals retained in Smurfit-Stone Corp.'s Chapter 11
cases seek Court-approval of their quarterly fee applications
covering these periods:

  Professional             Period          Fees      Expenses
  ------------             ----------   ----------   --------
  Kramer Levin Naftalis    Jan. to      $2,328,329    $81,303
  & Frankel LLP            Mar. 2010

  Houlihan Lokey Howard    Oct. to         800,000      7,190
  & Zukin Capital, Inc.    Dec. 2009

                           Jan. to         600,000     18,408
                           Mar. 2010

  FTI Consulting, Inc.     Jan. to         675,000      6,138
                           Mar. 2010

  Bennett Jones LLP        Jan. to         493,484     14,321
                           Mar. 2010

  Young Conaway Stargatt   Jan. to         169,530     23,748
  & Taylor LLP             Feb. 2010

In addition, certain members of the Official Committee of
Unsecured Creditors seek reimbursement of expenses incurred
for the November 2009 to February 2010 period totaling $5,472.

In separate filings these professionals certified that no
objections were filed to their quarterly fee applications for
these periods:

  Professional                    Period
  ------------                    ------
  State Tax Solutions LLC       Jul. 2009 to
  d/b/a John C. Blase,          Feb. 2010
  Attorney & CPA

  FTI Consulting                Jan. to
                                Mar. 2010

  Houlihan Lokey                Oct. to
                                Dec. 2009

              Fee Auditor Submits Recommendations

Warren H. Smith & Associates P.C., acting in its capacity as fee
auditor, recommends the approval of quarterly fees and expenses
of these professionals:

  Professional                      Fees   Expenses Period
  -----------                       ----   -------- ------
  Ernst & Young LLP            3,244,945     72,659 Jul. to
                                                    Dec. 2009

  Sidley Austin LLP            2,020,558     38,788 Sep. to
                                                    Oct. 2009

  Kramer Levin                 1,167,106     32,308 Oct. to
                                                    Dec. 2009

  PricewaterhouseCoopers       1,096,009     85,734 Sept. to
  LLP as: financial & tax                           Oct. 2009
  advisors

  The Levin Group L.P.           850,000          - Nov. 2009

  Hewitt Associates LLC          474,512        713 Jan. to
                                                    Oct. 2009

  Bennett Jones                  302,410        388 Oct. to
                                                    Dec. 2009

  Pachulski Stang Ziehl           38,230     10,395 Oct. to
  & Jones LLP                                       Dec. 2009

  Grubb & Ellis Company           15,501          - Oct. to
                                                    Dec. 2009

                         *     *     *

The Court approved the Professionals' quarterly applications
for payment of fees and reimbursement of expenses covering the
periods from July to December 2009.

Lists of the Professionals and their fees are available for free
at:

  * Debtor Professionals:
    http://bankrupt.com/misc/SmrftDebtQFeesORD.pdf

  * Committee Professionals:
    http://bankrupt.com/misc/SmrftCommQFeesORD.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)


SOLO CUP: Fitch Affirms Issuer Default Rating at 'B-'
-----------------------------------------------------
Fitch Ratings has affirmed the ratings for Solo Cup Company's
Issuer Default Ratingand existing credit ratings:

  -- IDR affirmed at 'B-';

  -- Senior secured Notes at 'BB-/RR1';

  -- Senior secured revolving credit facility affirmed at 'BB-
     /RR1';

  -- Senior subordinated notes at 'CCC'/RR5.

The Rating Outlook is Stable.

The affirmation recognizes Solo Cup's leading market share across
its product categories, national distribution, strong brand
recognition, diversified raw materials mix and good customer base.
In addition, the company has focused its efforts on removing
additional costs, exiting unprofitable product lines and improving
resource utilization.  This was accomplished through closing
manufacturing facilities and further capital investments that have
resulted in improved efficiencies.  Consequently, gross margins
have improved the past four quarters although these benefits have
been partially offset by the significant volume declines
associated with the economic recession and the competitive
marketplace that have particularly affected certain foodservice
channels.  Recent trends during the past two quarters have shown
that volume has stabilized although pricing continues to be
somewhat under pressure.

Fitch expects the current environment will remain challenging as a
result of high unemployment that is not expected to improve
materially in the upcoming months.  Additionally, industry pricing
will likely remain pressured as result of excess industry capacity
due to past industry volume declines.  Fitch expects this will
result in further industry consolidation and capacity
rationalization in the coming quarters before pricing can
stabilize.  In view of that, Solo Cup has announced further plans
to optimize its manufacturing footprint by closing three
facilities during the next two years with production volume and
certain manufacturing assets to be redistributed across Solo's
other facilities.  This restructuring will allow Solo Cup to
better leverage their existing plant investments and drive higher
asset utilization.  The company has indicated cash expenses
associated with the plant closures are in the range of $21 million
to $26 million as well as additional capital will be required for
relocating equipment.

While Fitch believes operating performance should further
stabilize in 2010 driven by improved volume/mix and additional
manufacturing cost reductions, pricing pressures and increased raw
material pricing will at least partially offset these
improvements.  Additionally, the company will have increased
short-term cash costs from the plant restructurings due to
inventory build-up, new infrastructure capital, and cash expenses
related to complete the restructuring.  Consequently, Fitch
expects free cash flow in 2010 to be modest.  FCF for 2009 was
approximately $66 million primarily due to positive changes in
working capital.  Interest costs are moderately higher due to the
2009 refinancing.  Leverage at the end of the first quarter of
2010 was 5.3 times and expectations are that leverage will improve
modestly by year end.

The refinancing in 2009 of its revolver and term loan has improved
Solo Cup's financial profile by extending maturities to 2013 while
eliminating some covenant requirements and giving the company
greater operating flexibility with its asset-based revolving loan
facility.  The ABL facility matures in June 2013 and provides
borrowing capacity up to $200 million subject to borrowing base
limitations.  At the end of first quarter of 2010, available
capacity under the ABL facility was $101 million, which includes
$57 million outstanding and $12 million associated with letters of
credit.  Subsequent to the first quarter ending, Solo Cup further
drew down on its revolver to fund the $24 million acquisition of
Innoware Plastics.  Cash on the balance sheet was $28 million at
first-quarter end.  Solo Cup does not have any material maturities
until 2013.

Fitch currently believes the ratings have longer-term upward
potential.  While the company has improved its credit profile
during the past couple of years, Solo Cup's operating performance
is closely linked to unemployment levels.  Fitch believes that
until labor markets show improvement and excess industry capacity
is reduced, future spending levels by consumers is uncertain and
pricing pressures will continue to limit revenue and margin growth
while constraining free cash flow.


SOLYNDRA INC: Withdraws IPO Due to Adverse Market Conditions
------------------------------------------------------------
Solyndra Inc. announced Thursday that it has entered into an
agreement for the sale of secured convertible promissory notes to
certain of its existing investors in an aggregate principal amount
of $175 million in a private placement.  Proceeds from the sales
of the notes will be used to fund the company's existing
operations and support its growth plans.  "Given the ongoing
uncertainties in the public capital markets, we elected to pursue
alternative funding from our existing investor base.  This funding
allows us to address strong customer demand by maintaining our
aggressive growth plans," commented Dr. Chris Gronet, CEO of
Solyndra.

Solyndra filed on June 18, 2010, a Form RW withdrawing its
Registration Statement on Form S-1, which was originally filed
with the Securities and Exchange Commission on December 18, 2009.
The Company said it would not proceed with an initial public
offering of shares of its common stock at this time "due to
adverse market conditions."  The Company confirms that no shares
of its common stock were sold pursuant to the Registration
Statement.

A full-text copy of the Form RW is available for free at:

               http://researcharchives.com/t/s?6513

                       About Solyndra Inc.

Headquartered in Fremont, California, Solyndra Inc.
-- http://solyndra.com/-- designs and manufactures photovoltaic
systems, comprised of panels and mounts, for the commercial
rooftop market.  Using proprietary cylindrical modules and thin
film technology, Solyndra's light weight, non-penetrating systems
are designed to provide simple and easy installations and the
lowest cost of electricity for typical low slope commercial
rooftops.

At January 2, 2010, the Company's balance sheet showed
$683.2 million in assets, $254.2 million of debts, and
$961.3 million in redeemable convertible preferred stock, for a
stockholders' deficit of $532.3 million.

                          *     *     *

As reported in the Troubled Company Reporter on April 7, 2010,
PricewaterhouseCoopers LLP, following Solyndra Inc.'s financial
results for the year ended January 2, 2010, expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted of the Company's recurring losses
from operations, negative cash flows since inception, and
stockholder deficit.


SOUTH BAY: Imperial Resolves Lender Objection to Retention
----------------------------------------------------------
Per the minutes of a June 10, 2010 hearing, Bankruptcy Judge
Louise DeCarl Adler made a tentative ruling on South Bay
Expressway, L.P., and California Transportation Ventures, Inc.'s
application to employ Imperial Capital LLC.

Pursuant to the Engagement Letter, the Debtors proposed to pay
Imperial:

  -- a financial advisory fee of $150,000 per month, payable
     monthly in advance;

  -- a cash fee payable upon the closing of a restructuring
     transaction; and

  -- if the Debtors ask that Imperial undertake a financing in
     an amount and under terms as may be agreed between the
     parties, a cash fee, to be paid out of the proceeds of the
     financing.

Banco Bilbao Vizcaya Argentaria, S.A., as the administrative agent
under a Senior Loan Agreement, objected to approval of the success
fee.  The U.S. Trustee also lodged an objection

Among other things, Judge Adler made several inquiries, including
the increased amount of the monthly advisory fee, and whether
Imperial is still demanding a "transaction success fee."  The
Court has also stricken Imperial's reply because the document was
late-filed.

In response to the Court's tentative ruling, Imperial addressed
the Court's questions and referred to its reply for certain
answers.  Imperial also disclosed, among other things, that it is
still requesting a merger and acquisition transaction fee in case
a transaction is consummated with certain parties, provided in
that case, the M&A Transaction Fee would be decreased to 0.6%,
instead of 1% of the transaction consideration.

               Objections Consensually Resolved

Imperial's counsel Jeffrey N. Pomerantz, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Los Angeles, California --
jpomerantz@pszjlaw.com -- tells the Court that since the filing of
the objections, Imperial has opened up a dialogue with BBVA and
the Debtors' prepetition lenders, and the U.S. Trustee to try to
consensually resolve the objections.

After extensive discussions, Imperial has resolved BBVA's
objection by agreeing to:

  (a) a varying monthly advisor fee, either $150,000 or $200,000
      per month depending on the particular month, instead of a
      single, flat monthly advisor fee of $150,000; and

  (b) a restructuring transaction fee that will range from
      $200,000 to a maximum of $600,000, with a minimum fee of
      $200,000 subject to review under Section 328 of the
      Bankruptcy Code, and any fee above $200,000 to be subject
      to review under Section 330 of the Bankruptcy Code.

The revised fee structure will result in an overall reduction in
fees to Imperial.  The other components of Imperial's fees under
the Engagement Letter remain unchanged.

Mr. Pomerantz informs the Court that Imperial was unable to
resolve the U.S. Trustee's objection.  He contends that evidence
will demonstrate that the Debtors need both restructuring counsel
and financial advisors.  He insists that Imperial will complement,
and not duplicate, services being provided by the Debtors'
counsel.

Evidence submitted to the Court and which will be presented at the
hearing will demonstrate that Imperial's proposed fee structure is
well within the range of reasonableness for Chapter 11 cases
similar to the Debtors', Mr. Pomerantz further contends, among
other things.

Pursuant to Rule 201 of the Federal Rules of Evidence and in
support of the Application, Imperial asks the Court to take
judicial notice of certain documents on file in other bankruptcy
cases.  Imperial filed with the Court several volumes of those
documents, including the application to employ Blackstone Advisory
Partners LP as investment banker and financial advisor in the
Chapter 11 case of Centaur LLC pending before the Delaware Court.

                    About South Bay Expressway

South Bay Expressway, L.P., dba San Diego Expressway, L.P., filed
for Chapter 11 on March 22, 2010 (Bankr. S.D. Calif. Case No.
10-04516).  Its affiliate, California Transportation Ventures
Inc., also filed for bankruptcy.

The Debtors developed and operate a four lane, nine mile express
toll road in Southern California commonly referred to as the South
Bay Expressway or State Road 125.  Both estimated assets and debts
of $500 million to $1 billion in their bankruptcy petitions.

Robert Pilmer, Esq., at Kirkland & Ellis LLP, represents the
Debtors in their restructuring effort.  PricewaterhouseCoopers LLP
is auditor and tax advisor.  Imperial Capital LLC is financial
advisor. Epiq Bankruptcy Solutions LLC serves as claims and notice
agent.

The Debtors say that as of the bankruptcy filing, they have
roughly $640 million in book value of total assets and roughly
$570 million in book value of total liabilities.

Bankruptcy Creditors' Service, Inc., publishes South Bay
Expressway Bankruptcy News.  The newsletter tracks the Chapter 11
proceeding undertaken by South Bay Expressway LP and California
Transportation Ventures Inc.  (http://bankrupt.com/newsstand/or
215/945-7000).


SOUTH BAY: Wins Approval for Kirkland & Ellis as Counsel
--------------------------------------------------------
South Bay Expressway, L.P., and its affiliate, California
Transportation Ventures Inc., received the Court's permission to
employ Kirkland & Ellis LLP as their attorneys in their Chapter 11
cases, nunc pro tunc to the Petition Date and in accordance with
an engagement letter dated as of November 3, 2009.

Anthony G. Evans, the Debtors' chief financial officer, discloses
that K&E began representing the Debtors in November 2009 with
respect to a potential restructuring.  The Debtors believe that
K&E is both well-qualified and uniquely able to represent the
Debtors in the Chapter 11 cases in an efficient and timely manner.

As counsel, K&E will:

  (a) advise the Debtors with respect to their powers and duties
      as debtors-in-possession in the continued management and
      operation of their businesses and properties;

  (b) advise and consult on the conduct of the cases, including
      all of the legal and administrative requirements of
      operating in Chapter 11;

  (c) attend meetings and negotiate with representatives of the
      creditors and other parties-in-interest;

  (d) take all necessary actions to protect and preserve the
      estates, including prosecuting actions on their behalf,
      defending any action commenced against them, and
      representing them in negotiations concerning litigation in
      which they are involved, including objections to claims
      filed against the estates;

  (e) prepare pleadings in connection with the cases;

  (f) represent the Debtors in connection with obtaining
      authority to continue using cash collateral and, if
      necessary, postpetition financing;

  (g) advise the Debtors in connection with any potential sale
      of assets;

  (h) appear before the Court and any appellate courts to
      represent the interests of the estates;

  (i) advise the Debtors regarding tax matters;

  (j) take any necessary action on behalf of the Debtors to
      negotiate, prepare, and obtain approval of a disclosure
      statement and confirmation of a Chapter 11 plan and all
      related documents; and

  (k) perform all other necessary legal services for the Debtors
      in connection with the prosecution of the cases.

K&E will be paid based on its hourly rates, and will be reimbursed
for its expenses incurred in connection with the retention.  K&E's
current hourly rates for matters related to Chapter 11 cases are:

        Billing Category           Hourly Range
        ----------------           ------------
        Partners                    $580 - $995
        Of Counsel                  $435 - $995
        Associates                  $340 - $670
        Paraprofessionals           $135 - $285

The professionals presently expected to have primary
responsibility for providing services to the Debtors are:

        Professional                Hourly Rate
        ------------                -----------
        James H.M. Sprayregen           $995
        Marc Kieselstein                $935
        R. Alexander Pilmer             $725
        Chad J. Husnick                 $640

Mr. Evans reveal that the Debtors paid $200,000 to K&E as a
classic retainer on January 26, 2010.  On March 9, 2010, the
Debtors paid $30,000 to K&E to increase the retainer, and, on
March 22, 2010, the Debtors paid $50,000 to K&E to further
increase the retainer.  As of the Petition Date, the retainer
balance was approximately $280,000.

As of the Petition Date, Mr. Evans says, the Debtors did not owe
K&E any amounts for legal services rendered before the Petition
Date.  Although certain expenses and fees have been incurred
prepetition and have been or will be applied to K&E's classic
retainer, he assures the Court that the amounts are less than the
balance of K&E's classic retainer as of the Petition Date.

Marc Kieselstein, P.C., Esq., a partner at K&E assures Judge Adler
that K&E is a "disinterested person" within the meaning of Section
101(14) of the Bankruptcy Code.

                    About South Bay Expressway

South Bay Expressway, L.P., dba San Diego Expressway, L.P., filed
for Chapter 11 on March 22, 2010 (Bankr. S.D. Calif. Case No.
10-04516).  Its affiliate, California Transportation Ventures
Inc., also filed for bankruptcy.

The Debtors developed and operate a four lane, nine mile express
toll road in Southern California commonly referred to as the South
Bay Expressway or State Road 125.  Both estimated assets and debts
of $500 million to $1 billion in their bankruptcy petitions.

Robert Pilmer, Esq., at Kirkland & Ellis LLP, represents the
Debtors in their restructuring effort.  PricewaterhouseCoopers LLP
is auditor and tax advisor.  Imperial Capital LLC is financial
advisor. Epiq Bankruptcy Solutions LLC serves as claims and notice
agent.

The Debtors say that as of the bankruptcy filing, they have
roughly $640 million in book value of total assets and roughly
$570 million in book value of total liabilities.

Bankruptcy Creditors' Service, Inc., publishes South Bay
Expressway Bankruptcy News.  The newsletter tracks the Chapter 11
proceeding undertaken by South Bay Expressway LP and California
Transportation Ventures Inc.  (http://bankrupt.com/newsstand/or
215/945-7000).


SPIRIT CREEK: Case Summary & 6 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Spirit Creek Development Inc
        4302 East Barcelona Way
        Augusta, GA 30906

Bankruptcy Case No.: 10-11400

Chapter 11 Petition Date: June 16, 2010

Court: United States Bankruptcy Court
       Southern District of Georgia (Augusta)

Debtor's Counsel: James T. Wilson, Jr., Esq.
                  945 Broad St., Ste 220
                  P.O. Box 2112
                  Augusta, GA 30903
                  Tel: (706) 722-4933
                  Fax: (706) 722-0472
                  E-mail: pam@jtwilsonlaw.com

Scheduled Assets: $17,362,640

Scheduled Debts: $6,290,416

The petition was signed by Henry Forero, company's president.

Debtor's List of 6 Largest Unsecured Creditors:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------

Peter Vila                Security Agreement     $110,000
4841 NW 111 Ave
Miami, FL 33178

Construction Management   Security Agreement     $100,000
Engineering Corp
1600 SW 127 Street
Miami, FL 33156

Bank of America                                  $80,000
PO Box 15019
Wilmington, DE 19886-5019

Carol Gould & Associates  Security Agreement     $60,000

Augusta-Richmond County                          $55,397

Bank of America                                  $20,000


SPOT MOBILE: Posts $576,000 Net Loss for April 30 Quarter
---------------------------------------------------------
Spot Mobile International Ltd., formerly Rapid Link Incorporated,
$575,885 net loss on $4.4 million of revenue for the three months
ended April 30, 2010, compared with $168,686 net loss on
$5.7 million of revenue for the same period a year ago.

The Company's balance sheet at April 30, 2010, showed $1.3 million
in total assets and $4.9 million in total liabilities, for
stockholders' deficit of $3.6 million.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6512

                        About Rapid Link

Rapid Link Incorporated -- http://www.rapidlink.com/-- is a
telecommunications services company which, through its wholly
owned subsidiary, provides prepaid telecommunication and
transaction based point of sale activation solutions through 1,000
independent retailers in the Eastern United States.  The Company
also provides long distance services and plans to expand its
product offering to include mobile and wireless services.

KBA GROUP LLP in Dallas, Texas, expressed substantial doubt about
Rapid Link's ability to continue as a going concern after auditing
the Company's financial statements as of October 31, 2008.  The
auditor noted the Company has suffered recurring losses from
continuing operations during the last two fiscal years.  At
October 31, 2008, the Company's current liabilities exceeded its
current assets by $2.1 million and the Company has a shareholders'
deficit totaling $2.9 million.


STEAMBOAT CITY: Case Summary & 8 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Steamboat City Development Company, LP
        7807 Baymeadows Road East
        Jacksonville, FL 32256
        Tel: (904) 260-8472

Bankruptcy Case No.: 10-20778

Chapter 11 Petition Date: June 16, 2010

Court: United States Bankruptcy Court
       Southern District of Georgia (Brunswick)

Debtor's Counsel: James L. Drake, Jr., Esq.
                  P.O. Box 9945
                  Savannah, GA 31412
                  Tel: (912) 790-1533
                  E-mail: jdrake7@bellsouth.net

Scheduled Assets: $9,612,311

Scheduled Debts: $7,714,666

A list of the Company's 8 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/gasb10-20778.pdf

The petition was signed by William G. Pitts, WG Pitts Wildlife,
Dev. Co., LLC, general partner.


SUN HEALTHCARE: Bank Debt Trades at 4% Off in Secondary Market
--------------------------------------------------------------
Participations in a syndicated loan under which Sun Healthcare
Group is a borrower traded in the secondary market at 96.25 cents-
on-the-dollar during the week ended Friday, June 18, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 0.75
percentage points from the previous week, The Journal relates.
The Company pays 200 basis points above LIBOR to borrow under the
facility.  The bank loan matures on April 19, 2014, and carries
Moody's Ba2 rating and Standard & Poor's B+ rating.  The debt is
one of the biggest gainers and losers among 184 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Sun Healthcare Group, Inc., -- http://www.sunh.com/-- provides
nursing, rehabilitative and related specialty healthcare services
principally to the senior population in the United States.  Its
core business is providing inpatient services, primarily through
183 skilled nursing centers, 14 assisted and independent living
centers and eight mental health centers.  As of Dec. 31, 2009, the
Company's centers had 23,205 licensed beds located in 25 states,
of which 22,423 were available for occupancy.  The Company's
subsidiary engages in three business segments: inpatient services,
primarily skilled nursing centers; rehabilitation therapy
services, and medical staffing services.


SUNGARD DATA: 2016 Debt Trades at 5% Off in Secondary Market
------------------------------------------------------------
Participations in a syndicated loan under which SunGard Data
Systems, Inc., is a borrower traded in the secondary market at
94.98 cents-on-the-dollar during the week ended Friday, June 18,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents a drop of
1.52 percentage points from the previous week, The Journal
relates.  The Company pays 362.5 basis points above LIBOR to
borrow under the facility.  The bank loan matures on Feb. 28,
2016, and carries Moody's Ba3 rating and Standard & Poor's BB
rating.  The debt is one of the biggest gainers and losers among
184 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.

SunGard Data Systems, Inc., headquartered in Wayne, Pennsylvania,
is a provider of software and IT services to the financial
services industry well as higher education institutions and the
public sector.  SunGard also provides disaster recovery/business
continuity services through its Availability Services division.

As stated by the Troubled Company Reporter on Sept. 1, 2009,
Moody's Investors Service affirmed SunGard's 'B2' corporate family
and probability of default ratings, along with its SGL-2
speculative grade liquidity rating.

Standard & Poor's Ratings Services rates (i) SunGard's corporate
rating at 'B+', and its (ii) $2.7 billion tranche B secured term
loan maturing Feb. 28, 2016, and the $580 million secured
revolving credit facility maturing May 11, 2013, at 'BB'.


SUNGARD DATA: 2014 Debt Trades at 6% Off in Secondary Market
------------------------------------------------------------
Participations in a syndicated loan under which SunGard Data
Systems, Inc., is a borrower traded in the secondary market at
93.75 cents-on-the-dollar during the week ended Friday, June 18,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents a drop of
0.88 percentage points from the previous week, The Journal
relates.  The Company pays 375 basis points above LIBOR to borrow
under the facility.  The bank loan matures on Feb. 28, 2014, and
carries Moody's Ba3 rating and Standard & Poor's BB rating.  The
debt is one of the biggest gainers and losers among 184 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

SunGard Data Systems, Inc., headquartered in Wayne, Pennsylvania,
is a provider of software and IT services to the financial
services industry well as higher education institutions and the
public sector.  SunGard also provides disaster recovery/business
continuity services through its Availability Services division.

As stated by the Troubled Company Reporter on Sept. 1, 2009,
Moody's Investors Service affirmed SunGard's 'B2' corporate family
and probability of default ratings, along with its SGL-2
speculative grade liquidity rating.

Standard & Poor's Ratings Services rates (i) SunGard's corporate
rating at 'B+', and its (ii) $2.7 billion tranche B secured term
loan maturing Feb. 28, 2016, and the $580 million secured
revolving credit facility maturing May 11, 2013, at 'BB'.


SUNOVIA ENERGY: Delays Filing of Form 10-Q for April 30 Quarter
---------------------------------------------------------------
In a regulatory filing Tuesday, Sunovia Energy Technologies, Inc.,
discloses that the Company's Quarterly Report on Form 10-Q for the
quarterly period ended April 30, 2010, cannot be filed within the
prescribed time period because the Company requires additional
time for compilation and review to insure adequate disclosure of
certain information required to be included in the Form 10-Q.  The
Company's Quarterly Report on Form 10-Q will be filed on or before
the 5th calendar day following the prescribed due date.

                       About Sunovia Energy

Sarasota, Fla.-based Sunovia Energy Technologies, Inc. is
developing, designing, and integrating photovoltaic solar cells
into products for incident management, energy efficient
advertising, and low-cost durable solar modules for easy
installation and incremental upgrading of capacity.  The Company
is also developing and selling environmentally responsible, energy
efficient lighting products that are based on the latest and most
efficient light emitting diode (LED) technologies.

The Company's balance sheet as of January 31, 2010, showed
$7,456,220 in assets, $2,602,961 of debts, and $4,853,259 of
stockholders' equity.

                          *     *     *

As reported in the Troubled Company Reporter on March 25, 2010,
Bobbitt, Pittenger & Company, P.A., in Sarasota, Fla., expressed
substantial doubt about the Company's ability to continue as a
going concern after reviewing the Company's consolidated financial
statements for the three and six months ended January 31, 2010,
and 2009.  The independent auditors noted that of the Company's
losses of $8,028,744 and $6,395,450 for the six months ended
January 31, 2010, and 2009, respectively.


SUZANNE LOBATO: Case Summary & 6 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Suzanne Lobato
        1740 Brighton Dr.
        Hollister, CA 95023

Bankruptcy Case No.: 10-56288

Chapter 11 Petition Date: June 16, 2010

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Roger L. Efremsky

Debtor's Counsel: Michael H. Luu, Esq.
                  Law Offices of Michael H. Luu
                  1340 Tully Rd. #309
                  San Jose, CA 95122
                  Tel: (408) 425-6221
                  E-mail: mikeluu63@yahoo.com

Scheduled Assets: $718,963

Scheduled Debts: $1,111,049

A list of the Company's 6 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-56288.pdf

The petition was signed by Suzanne Lobato.


SYNTAX-BRILLIAN: Trust to Settle 2 Suits Against Execs for $3M
--------------------------------------------------------------
Looking to prevent insurance proceeds from being completely
drained by legal fees, the liquidation trust in Syntax-Brillian
Corp.'s bankruptcy case has entered into a $3 million deal that
would resolve two suits against several of the television maker's
former directors and officers, Bankruptcy Law360 reports.

Law360 says SB Liquidation Trust filed a motion Wednesday asking
the U.S. Bankruptcy Court for the District of Delaware to approve
an assignment agreement among the trust, the company officials and
Silver.

Based in Tempe, Arizona, Syntax-Brillian Corporation (Nasdaq:BRLC)
-- www.syntaxbrillian.com -- manufactures and markets LCD HDTVs,
digital cameras, and consumer electronics products include
Olevia(TM) brand high-definition widescreen LCD televisions and
Vivitar brand digital still and video cameras.  Syntax-Brillian is
the sole shareholder of California-based Vivitar Corporation.

The company and two of its affiliates -- Syntax-Brillian SPE,
Inc., and Syntax Groups Corp. -- filed for Chapter 11 protection
on July 8, 2008 (Bankr. D. Delaware Lead Case No.08-11409 through
08-11409.  Dennis A. Meloro, Esq., and Victoria Watson Counihan,
Esq., at Greenberg Traurig LLP, represent the Debtors in their
restructuring efforts.  The U.S. Trustee for Region 3 has yet to
appoint creditors to serve on an Official Committee of Unsecured
Creditors.

When the Debtors filed for protection against their creditors,
they listed total assets of $175,714,000 and total debts of
$259,389,000.


TENET HEALTHCARE: Moody's Upgrades Corporate Family Rating to 'B2'
------------------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family and
Probability of Default Ratings of Tenet Healthcare Corporation to
B2 from B3.  Moody's also upgraded the rating on Tenet's senior
secured revolver to Ba2 (LGD1, 3%) from Ba3 (LGD1, 3%), senior
secured notes to B1 (LGD3, 37%) from B2 (LGD3, 35%) and senior
unsecured notes to Caa1 (LGD5, 85%) from Caa2 (LGD5, 84%).  The
ratings outlook is stable.

"The upgrade of Tenet's ratings reflects continued improvement in
operating results, which was further supported by the company's
recent announcement raising 2010 adjusted EBITDA guidance," said
Dean Diaz, Moody's VP -- Senior Credit Officer.  "We believe that
leverage levels will continue to modestly improve based on EBITDA
growth and Moody's expect that the company will likely see
positive free cash flow for the full year ending December 31, 2010
aided in part by the ending of settlement payments in the third
quarter," continued Diaz.

However, the ratings also consider the significant headwinds
facing the company, and the sector as a whole, with respect to the
cost of uncompensated care, weak volume trends and changes in mix
as commercial volumes decline.  Additionally, the company has yet
to show evidence that it can meaningfully reduce its debt burden
with cash flow from operations.

This is a summary of Moody's rating actions.

Ratings upgraded:

  -- $800 million senior secured revolving credit facility due
     2011, to Ba2 (LGD1, 3%) from Ba3 (LGD1, 3%)

  -- 9.0% senior secured notes due 2015, to B1 (LGD3, 37%) from B2
     (LGD3, 35%)

  -- 10.0% senior secured notes due 2018, to B1 (LGD3, 37%) from
     B2 (LGD3, 35%)

  -- 8.875% senior secured notes due 2019, to B1 (LGD3, 37%) from
     B2 (LGD3, 35%)

  -- 6 3/8% senior notes due 2011, to Caa1 (LGD5, 85%) from Caa2
     (LGD5, 84%)

  -- 6.5% senior notes due 2012, to Caa1 (LGD5, 85%) from Caa2
     (LGD5, 84%)

  -- 7 3/8% senior notes due 2013, to Caa1 (LGD5, 85%) from Caa2
     (LGD5, 84%)

  -- 9 7/8% senior notes due 2014, to Caa1 (LGD5, 85%) from Caa2
     (LGD5, 84%)

  -- 9 1/4% senior notes due 2015, to Caa1 (LGD5, 85%) from Caa2
     (LGD5, 84%)

  -- 6 7/8% senior notes due 2031, to Caa1 (LGD5, 85%) from Caa2
     (LGD5, 84%)

  -- Corporate Family Rating, to B2 from B3

  -- Probability of Default Rating, to B2 from B3

Ratings affirmed:

  -- Speculative Grade Liquidity Rating, SGL-2

Moody's last rating action was on September 25, 2009, when the
rating outlook was changed to positive and the rating on the
company's senior secured notes was downgraded to B2 (LGD3, 35%)
from B1 (LGD3, 32%).  All other ratings were affirmed.

Tenet, headquartered in Dallas, TX, is one of the largest for-
profit hospital operators by revenues.  At March 31, 2010, the
company operated 50 general hospitals (including one hospital not
yet divested and included in discontinued operations) and a
critical access hospital in 12 states.  Tenet generated revenue
from continuing hospital operations of approximately $9.1 billion
for the 12 months ended March 31, 2010.


TEXAS CLASSIC: Chapter 11 Case Converted to Chapter 7
-----------------------------------------------------
American Bankruptcy Institute reports that bankruptcy Judge Jeff
Bohm, at the request of the U.S. Trustee's office, converted
homebuilder Texas Classic Builders LP's chapter 11 proceeding to a
chapter 7 liquidation.


TERESA JOHNSON: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Teresa P. Johnson
        3604 Cameron Court
        Ellicott City, MD 21042

Bankruptcy Case No.: 10-23633

Chapter 11 Petition Date: June 17, 2010

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Nancy V. Alquist

Debtor's Counsel: James C. Olson, Esq.
                  10451 Mill Run Circle
                  Suite 400
                  Owings Mills, MD 21117
                  Tel: (410) 356-8852
                  Fax: (410) 356-8804
                  E-mail: jcolson@email.msn.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/mdb10-23633.pdf

The petition was signed by Teresa P. Johnson.


TIME PROPERTIES: Case Summary & 10 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Time Properties, Inc.
        1001 N. Milwaukee Ave., Ste 400
        Chicago, IL 60642

Bankruptcy Case No.: 10-27236

Chapter 11 Petition Date: June 17, 2010

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: A. Benjamin Goldgar

Debtor's Counsel: Joy L. Monahan, Esq.
                  Wildman Harrold
                  225 West Wacker Drive
                  Chicago, IL 60606
                  Tel: (312) 201-2162
                  E-mail: monahan@wildman.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $10,000,001 to $50,000,000

A list of the Company's 10 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ilnb10-27236.pdf

The petition was signed by Aneta Korzec, authorized signatory.


TIMOTHY SHEEHAN: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Joint Debtors: Timothy Patrick Sheehan
               Jody Lyn Sheehan
               572 East Kesley Lane
               Saint Johns, FL 32259

Bankruptcy Case No.: 10-05248

Chapter 11 Petition Date: June 17, 2010

Court: United States Bankruptcy Court
       Middle District of Florida (Jacksonville)

Judge: Jerry A. Funk

Debtor's Counsel: Brett A Mearkle, Esq.
                  Parker & Dufresne, P.A.
                  8777 San Jose Blvd Suite 301
                  Jacksonville, FL 32217
                  Tel: (904) 733-7766
                  Fax: (904) 733-2919
                  E-mail: bmearkle@jaxlawcenter.com

Scheduled Assets: $928,014

Scheduled Debts: $1,409,125

The Debtor did not file a list of its largest unsecured creditors
together with its petition.

The petition was signed by Timothy Patrick Sheehan and Jody Lyn
Sheehan.


TRIBUNE CO: Bank Debt Trades at 39% Off in Secondary Market
-----------------------------------------------------------
Participations in a syndicated loan under which Tribune Co. is a
borrower traded in the secondary market at 61.32 cents-on-the-
dollar during the week ended Friday, June 18, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 0.82 percentage
points from the previous week, The Journal relates.  The Company
pays 300 basis points above LIBOR to borrow under the facility,
which matures on May 17, 2014.  Moody's has withdrawn its rating
while Standard & Poor's does not rate the bank debt.  The debt is
one of the biggest gainers and losers among 184 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

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)


TRICO MARINE: Board Approves Salary Hike of Two Officials
---------------------------------------------------------
At the annual meeting of shareholders, the stockholders of Trico
Marine approved increases to the salaries and incentive bonus plan
targets of Richard Bachmann, chairman and interim chief executive
officer, and Rishi Vama, president and chief operating officer.

The Company's stockholders also approved the proposed amendments
to the Company's Second Amended and Restated Certificate of
Incorporation, as amended:

   i) increasing the authorized number of shares of the Company's
      common stock from 50,000,000 to 100,000,000 shares; and

  ii) declassifying the Company's Board of Directors.

Woodlands, Texas-based Trico Marine Services is a provider of
support vessels for the offshore oil and natural-gas industry.
At March 31, 2010, the Company had total assets of $1,013,628,000
against total liabilities of $985,940,000.


TRICO MARINE: Shipping Unit Has Deal to Sell $50-Mil. in Notes
--------------------------------------------------------------
Trico Shipping AS on June 16, 2010, entered into a commitment
letter with certain holders -- the Financing Parties -- of 11.875%
senior secured notes due 2014.  Pursuant to the Commitment Letter,
the Financing Parties committed, subject to various conditions,
including the negotiation of acceptable documentation, to purchase
additional Shipping Notes up to an aggregate principal amount of
$50 million.  The Commitment Letter obligates the Company to pay
(i) a commitment fee in an amount equal to 2.0% of the aggregate
commitment, and (ii) a closing fee in an amount equal to 2.0% of
the aggregate commitment, as well as certain expenses.  The
commitment expires if the Additional Notes are not issued on or
before 5:00 PM EST on July 7, 2010, subject to the satisfaction of
all closing conditions thereto.  The Additional Notes, if issued,
would accrue interest at a rate of 15% per annum.  Interest on
such Additional Notes would be payable semi-annually in cash in
arrears on each May 1 and November 1, commencing on November 1,
2010.  The Additional Notes would mature on November 1, 2014.

                         About Trico Marine

Woodlands, Texas-based Trico Marine Services is a provider of
support vessels for the offshore oil and natural-gas industry.
At March 31, 2010, the Company had total assets of $1,013,628,000
against total liabilities of $985,940,000.

Trico Marine has failed to make the $8.0 million interest payment
on $202.8 million in aggregate principle amount of its 8.125%
secured convertible debentures due 2013.  On June 17, 2010, the
30-day grace period permitted under the 8.125% Indenture expired,
triggering an Event of Default.

The Troubled Company Reporter on June 16, 2010, said Trico Marine
has signed a revised loan agreement on June 11 requiring the
company to file under Chapter 11 no later than Sept. 8.  The
agreement with affiliates Tennenbaum Capital Partners LLC provides
for converting the existing $25 million revolving credit
commitment into a $25 million term loan commitment.  Nordea Bank
Finland plc, New York Branch, as collateral agent, Obsidian Agency
Services, Inc., as administrative agent, also signed the
agreement.

As reported by the TCR on June 15, 2010, Trico said that it and
Evercore Partners are in discussions with various potential
lenders and some of the Company's existing debtholders regarding
obtaining additional financing in connection with a possible
proceeding under Chapter 11 of the Bankruptcy Code.


TRICO MARINE: Shipping Unit Wins Short Forbearance
--------------------------------------------------
Trico Marine Services Inc.'s failure to make an $8.0 million
interest payment due May 15, 2010, triggers an event of default
under Trico Shipping SA's Working Capital Facility, dated
October 30, 2009.  Trico Shipping has entered into a Forbearance
Agreement with the lenders under the Trico Shipping Working
Capital Facility.  The lenders have agreed not to accelerate the
outstanding indebtedness or exercise any rights and remedies with
regard to the guaranties or the collateral so long as, and subject
to certain other conditions, the 8.125% Notes have not been
accelerated.

The Forbearance Agreement will remain in effect until June 21,
2010 or, if Trico Marine receives a satisfactory forbearance
agreement from the holders of the 8.125% Notes, until July 14,
2010.

Trico Marine has failed to make the $8.0 million interest payment
on $202.8 million in aggregate principle amount of its 8.125%
secured convertible debentures due 2013 issued by the Company
under an Indenture, dated as of May 14, 2009, with U.S. Bank
National Association (as successor trustee to Wells Fargo Bank,
National Association), as Trustee.  On June 17, 2010, the 30-day
grace period permitted under the 8.125% Indenture expired,
triggering an Event of Default.

Pursuant to the Intercreditor Agreement dated May 14, 2009, the
Trustee is prevented from accelerating payment on the Notes until
the repayment in full of the obligations under Trico Marine's
Second Amended and Restated Credit Agreement dated June 11, 2010,
with Nordea Bank Finland plc, New York Branch as Collateral Agent
and Obsidian Agency Services, Inc., as Administrative Agent.

Trico Marine said in a regulatory filing on Friday that it was
negotiating with the lenders under the Trico Shipping Working
Capital Facility to obtain another forbearance and amendment to
such facility on substantially the same terms as the Support
Agreement and amendments described above with regard to the
Shipping Notes and the Shipping Indenture.

Under this additional forbearance, the lenders under the Trico
Shipping Working Capital Facility would not have the ability
during the applicable forbearance period to accelerate the
outstanding indebtedness under the Trico Shipping Working Capital
Facility even if the 8.125% Notes were accelerated.  However,
unless and until the Working Capital Forbearance is executed, if
the 8.125% Notes are accelerated, then the lenders under the Trico
Shipping Working Capital Facility have the ability to accelerate
the outstanding indebtedness under the Trico Shipping Working
Capital Facility.

                 Changes to Shipping Notes Sought

Trico Shipping is preparing to solicit consents from holders of
the Shipping Notes to (i) modify certain covenants, defaults,
remedies, definitions and related provisions contained in the
indenture, dated as of October 30, 2009, among Trico Shipping, as
issuer, the guarantors and Deutsche Bank National Trust Company
(as successor trustee to Wells Fargo Bank, N.A.), as trustee
thereunder, pursuant to which the Shipping Notes were issued and
(ii) waive certain defaults and events of default and rescind any
acceleration of principal or interest under the Shipping Indenture
related thereto in the event that certain defaults of the notes
have occurred prior to the Proposed Amendments becoming operative.

Among other things, Trico Shipping proposes that the events of
default will be amended to exclude a bankruptcy by parent Trico
Marine, Trico Holdco, LLC and/or Trico Marine Cayman, L.P., from
constituting a default during the Forbearance Period.  The
"Forbearance Period" is the period beginning at 12:01 AM EST on
June 17, 2010 and ending on the earlier to occur of (i) one year
following such date and (ii) the effective date of a plan of
reorganization for a Parent Entity in a Parent Bankruptcy.

Trico Shipping also seeks permission to issue up to $65 million
principal amount of additional notes.  The additional notes will
be identical to the originally issued Shipping Notes except,
notwithstanding anything in the Shipping Indenture to the
contrary, that the interest rate and the amount payable on such
additional notes on the first interest payment date may differ,
and if there are such differences, such additional notes will be
treated as a separate series of notes for purposes of registration
or ownership and transfer upon exchange or otherwise.

Trico Shipping also proposes that the current $50 million secured
credit facility basket will be increased to $65 million reduced by
the principal amount of notes repurchased by Trico Shipping;
provided, however, that such note repurchases will not reduce the
indebtedness that may be incurred pursuant to this basket below
$50 million.  The $65 million in aggregate principal amount of
additional notes that may be issued from time to time in addition
to the notes issued on October 30, 2009 (or in exchange therefore)
will be reduced by the aggregate principal amount of additional
indebtedness and letters of credit incurred and outstanding under
the secured credit facility basket.

Flexibility will be added to permit the issuance of up to
$15 million of cash collateralized letters of credit.

               Trico Shipping Wins Support Agreement

On June 16, 2010, in connection with the proposed Consent
Solicitation, Trico Marine, Trico Shipping, subsidiaries of Trico
Shipping that guarantee the Shipping Notes and certain holders of,
or legal or beneficial owners of, or the investment manager with
discretionary authority with respect to -- Consenting Holders -- a
majority of the outstanding principal amount of the Shipping
Notes, entered into a Support Agreement.  Each Consenting Holder
agrees (i) to use commercially reasonable efforts to cause its
consent to be tendered to the trustee under the Shipping Indenture
promptly upon its receipt of the statement relating to the Consent
Solicitation and related material in accordance with the Consent
Solicitation Statement, and (ii) to not revoke such consent.  Each
Consenting Holder also agreed not to pursue any right or remedy
against the Company under applicable law, the Shipping Notes or
the Shipping Indenture or to initiate, or have initiated on its
behalf, any litigation or proceedings of any kind with respect to
the Shipping Notes, other than to enforce the Support Agreement.

If the Consenting Holders have not breached the Support Agreement
and the Proposed Amendments fail to become operative on or prior
to July 1, 2010, then Trico Marine, Trico Shipping and the
Guarantors agreed to pay a forbearance fee of $5.00 per $1,000
principal amount of Shipping Notes held or beneficially owned by
the Consenting Holders, on or before July 31, 2010.  If the
supplemental indenture containing the Proposed Amendments becomes
operative and the Consenting Holders receive the consent payment
or become entitled to receive the consent payment, such Consenting
Holders will not be entitled to receive the forbearance fee
provided for in the Support Agreement.

On June 11, 2010, at the request of Wells Fargo Bank, N.A., Trico
Marine, Wells Fargo and Deutsche Bank National Trust Company
executed an Instrument of Resignation, Appointment and Acceptance
pursuant to which Wells Fargo resigned as trustee, paying agent
and registrar under the indenture governing the Shipping Notes and
Deutsche Bank was appointed by the Company, as successor trustee,
paying agent and registrar.  The Company, Wells Fargo and U.S.
Bank National Association separately executed an Instrument of
Resignation, Appointment and Acceptance pursuant to which Wells
Fargo resigned as trustee, paying agent and registrar under the
indenture governing the 8.125% Notes and U.S. Bank was appointed
by the Company, as successor trustee, paying agent and registrar.
The appointment as successor trustee was effective June 11, 2010.

                         About Trico Marine

Woodlands, Texas-based Trico Marine Services is a provider of
support vessels for the offshore oil and natural-gas industry.
At March 31, 2010, the Company had total assets of $1,013,628,000
against total liabilities of $985,940,000.

The Troubled Company Reporter on June 16, 2010, said Trico Marine
has signed a revised loan agreement on June 11 requiring the
company to file under Chapter 11 no later than Sept. 8.  The
agreement with affiliates Tennenbaum Capital Partners LLC provides
for converting the existing $25 million revolving credit
commitment into a $25 million term loan commitment.  Nordea Bank
Finland plc, New York Branch, as collateral agent, Obsidian Agency
Services, Inc., as administrative agent, also signed the
agreement.

As reported by the TCR on June 15, 2010, Trico said that it and
Evercore Partners are in discussions with various potential
lenders and some of the Company's existing debtholders regarding
obtaining additional financing in connection with a possible
proceeding under Chapter 11 of the Bankruptcy Code.


TRONOX INC: Lenders Extend Deadline on $425M Bankruptcy Financing
-----------------------------------------------------------------
Tronox Inc. struck a deal with its lenders to extend a $425
million bankruptcy loan that will allow the chemical company to
avoid facing a possible liquidation after acknowledging that it
will miss a key June 24 loan deadline, according to American
Bankruptcy Institute.

                         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)


UAL CORP: Stockholders Elect 7 Directors at Meeting
---------------------------------------------------
In a regulatory filing with the U.S. Securities and Exchange
Commission on June 10, 2010, UAL Corporation reported the voting
results of certain proposals submitted to the stockholders at the
annual meeting of stockholders held June 10, 2010.

Specifically, UAL's stockholders elected 11 directors to the
Company's board of directors.  They are:

(1) Richard J. Almeida
(2) Mary K. Bush
(3) W. James Farrell
(4) Jane C. Garvey
(5) Walter Isaacson
(6) Robert D. Krebs
(7) Robert S. Miller
(8) James J. O'Connor
(9) Glenn F. Tilton
(10) David J. Vitale
(11) John W. Walker

In addition, the United Air Lines Pilot Master Executive Council
of the Air Line Pilots Association, International, the holder of
UAL's one share of Class Pilot MEC Junior Preferred Stock, elected
Wendy J. Morse as the ALPA director; and the International
Association of Machinists and Aerospace Workers, the holder of
UAL's one share of Class IAM Junior Preferred Stock, elected
Stephen R. Canale as the IAM director.

UAL's stockholders also approved the amendment of the company's
Restated Certificate of Incorporation to extend the 5% ownership
limit.

                          *     *     *

At the stockholders meeting, Mr. Tilton, chairman, president and
chief executive officer of UAL, related that improvements have
been made across every key element of the company's business.  "We
are a dramatically improved airline, a credit to the work going on
across the company, and to our people," he said, according to a
Form 425 filed with the SEC on June 11, 2010.

Kathryn Mikells, UAL executive vice president and chief financial
officer, further stressed that sufficient profitability is
necessary not only to generate returns for shareholders, but also
to de-lever the company's balance sheet, to invest in better
products for its customers and to create stability for its people.

Regarding the proposed merger with Continental Airlines, John
Tague, president of United, told stockholders that UAL's
commitment is clear: to produce a fully competitive United
Airlines while playing a leadership role in creating a leadership
role in creating changes in the industry that will be necessary to
meet the company's financial objective.

                       About UAL Corporation

Based in Chicago, Illinois, UAL Corporation (NASDAQ: UAUA) --
http://www.united.com/-- is the holding company for United
Airlines, Inc.  United Airlines is the world's second largest air
carrier.  The airline flies to Brazil, Korea and Germany.

The Company filed for Chapter 11 protection on Dec. 9, 2002
(Bankr. N.D. Ill. Case No. 02-48191).  James H.M. Sprayregen,
Esq., Marc Kieselstein, Esq., David R. Seligman, Esq., and Steven
R. Kotarba, Esq., at Kirkland & Ellis, represented the Debtors in
their restructuring efforts.  Fruman Jacobson, Esq., at
Sonnenschein Nath & Rosenthal LLP represented the Official
Committee of Unsecured Creditors.  Judge Eugene R. Wedoff
confirmed a reorganization plan for United on Jan. 20, 2006.  The
Company emerged from bankruptcy on Feb. 1, 2006.

Reorganized UAL Corp. carries a 'Caa1' probability of default
rating from Moody's, 'B-' long term foreign issuer credit rating
from Standard & Poor's, and 'CCC' long term issuer default rating
from Fitch.


UAL CORP: United Reports May 2010 Traffic Results
-------------------------------------------------
United Air Lines, Inc., reported its preliminary consolidated
traffic results for May 2010.  Total consolidated revenue
passenger miles (RPMs) increased in May by 7.5% on an increase of
3.3% in available seat miles (ASMs) compared with the same period
in 2009.  This resulted in a reported May consolidated passenger
load factor of 83.3%, an increase of 3.3 points compared to 2009.

For May 2010, consolidated passenger revenue per available seat
mile (PRASM) is estimated to have increased 25.5% to 26.5% year
over year.  Consolidated PRASM is estimated to have increased 3.2%
to 4.2% for May 2010 compared to May 2008, 2.2 percentage points
of which were due to growth in ancillary revenues.

United reported a U.S. Department of Transportation on-time
arrival rate of 84.8% in May.

Average May 2010 mainline fuel price, including gains or losses on
settled fuel hedges and excluding non-cash, mark-to- market fuel
hedge gains and losses, is estimated to be $2.45 per gallon.
Including non-cash, mark-to-market fuel hedge gains and losses,
the estimated fuel price is $2.91 per gallon for the month.

                              2010        2009   Percent
                               May         May    Change
                             -----       -----   -------
Revenue passenger miles ('000)
North America             4,861,568   4,909,327     (1.0%)
Pacific                   1,956,345   1,684,789     16.1%
Atlantic                  1,767,767   1,627,872      8.6%

Latin America               253,291     178,022     42.3%
Total International       3,977,403   3,490,683     13.9%
Total Mainline            8,838,971   8,400,010      5.2%
Regional Affiliates       1,417,595   1,140,062     24.3%
Total Consolidated       10,256,566   9,540,072      7.5%

Available seat miles ('000)
North America             5,680,834   5,787,242     (1.8%)
Pacific                   2,395,091   2,388,797      0.3%
Atlantic                  2,115,651   2,020,555      4.7%
Latin America               333,196     274,157     21.5%
Total International       4,843,938   4,683,509      3.4%
Total Mainline           10,524,772  10,470,751      0.5%
Regional Affiliates       1,784,477   1,450,233     23.0%
Total Consolidated       12,309,249  11,920,984      3.3%

Load factor
North America                 85.6%       84.8%   0.8 pts
Pacific                       81.7%       70.5%  11.2 pts
Atlantic                      83.6%       80.6%   3.0 pts
Latin America                 76.0%       64.9%  11.1 pts
Total International           82.1%       74.5%   7.6 pts
Total Mainline                84.0%       80.2%   3.8 pts
Regional Affiliates           79.4%       78.6%   0.8 pts
Total Consolidated            83.3%       80.0%   3.3 pts

Revenue passenger boarded ('000)
Mainline                      4,662       4,744      (1.7%)
Regional Affiliates           2,456       2,148      14.3%
Total Consolidated            7,118       6,892       3.3%

Cargo ton miles ('000)
Freight                     167,241     113,733      47.0%
Mail                         14,780      16,350      (9.6%)
Total Mainline              182,021     130,083       39.9%

                 GAAP To Non-GAAP Reconciliations

Pursuant to SEC Regulation G, the Company has included the
following reconciliation of reported non-GAAP financial measures
to comparable financial measures reported on a GAAP basis.  Since
the Company did not apply cash flow hedge accounting prior to
April 1, 2010, the Company believes that the net fuel hedge
adjustments provide management and investors with a better
perspective of its performance and comparison to its peers because
the adjustments reflect the economic fuel cost during the periods
presented and many of our peers apply cash flow hedge accounting.
The non-cash mark-to-market gain/loss adjustment includes the
reversal of prior period non-cash mark-to-market gain/loss related
to May hedge settlements and May mark-to-market gain/loss related
to hedges that will settle in June 2010, which were not designated
as cash flow hedges.

                                               May 2010
                                               ---------
Mainline fuel price per gallon excluding
non-cash, net mark-to-market gains and losses       $2.45

Add: Non-cash, net mark-to-market (gains)
and losses per gallon                                0.46
                                               ---------
Mainline fuel price per gallon                      $2.91
                                               =========

                    About UAL Corporation

Based in Chicago, Illinois, UAL Corporation (NASDAQ: UAUA) --
http://www.united.com/-- is the holding company for United
Airlines, Inc.  United Airlines is the world's second largest air
carrier.  The airline flies to Brazil, Korea and Germany.

The Company filed for Chapter 11 protection on Dec. 9, 2002
(Bankr. N.D. Ill. Case No. 02-48191).  James H.M. Sprayregen,
Esq., Marc Kieselstein, Esq., David R. Seligman, Esq., and Steven
R. Kotarba, Esq., at Kirkland & Ellis, represented the Debtors in
their restructuring efforts.  Fruman Jacobson, Esq., at
Sonnenschein Nath & Rosenthal LLP represented the Official
Committee of Unsecured Creditors.  Judge Eugene R. Wedoff
confirmed a reorganization plan for United on Jan. 20, 2006.  The
Company emerged from bankruptcy on Feb. 1, 2006.

Reorganized UAL Corp. carries a 'Caa1' probability of default
rating from Moody's, 'B-' long term foreign issuer credit rating
from Standard & Poor's, and 'CCC' long term issuer default rating
from Fitch.


UNIFRAX I: Moody's Upgrades Corporate Family Rating to 'B3'
-----------------------------------------------------------
Moody's upgraded Unifrax I LLC's Corporate Family Rating to B3
from Caa1 and the ratings on the $50 million revolving credit
facility and the Term Loan B to B1 from B2.  The upgrade reflects
the improvement in the company's operating performance, which
Moody's expect to continue as the U.S. and European economies
recover.  The rating outlook is positive.  This summarizes the
ratings activity:

Ratings upgraded:

Unifrax I LLC

* Corporate Family Rating -- B3 from Caa1

* Probability of Default Rating -- B3 from Caa1

* $50mm Gtd Sr Sec Revolver due 2012 -- B1 (LGD2, 27%) from B2
  (LGD2, 28%)

* $180mm Gtd Sr Sec Term Loan B due 2013 -- B1 (LGD2, 27%) from B2
  (LGD2, 28%)

* Outlook: Positive

The upgrade in the CFR, reflects the improvement in Unifrax's
operations, stronger profitability and an increased EBITDA cushion
with regard to its financial covenants.  All of Unifrax's major
businesses -- Industrial Thermal Management, Emissions Control and
Specialty Applications -- have seen an improvement in volumes in
the past year, while pricing has remained fairly stable.  Gross
margins have expanded due to the operating leverage realized with
higher production volumes and benefited from restructuring actions
taken during the downturn.  Profitability has yet to return to
pre-economic crisis levels and are expected to grow if industrial
markets and vehicle sales in the U.S. and Europe rebound further.
The company is also expected to benefit from its expansion in the
faster growing emerging markets of Brazil, Eastern Europe, India
and China, where it is growing organically and through
acquisitions.

Unifrax's liquidity benefits from its large cash balances, its
undrawn revolver and expectations for positive free cash flow in
2010.  The company is expected to remain in compliance with its
financial covenants and benefits from not having any near-term
maturities.

The positive outlook reflects the improved operating environment,
Moody's expectations for a continuation of the current economic
recovery in the U.S. and Europe and good liquidity.  The company's
ratings could be upgraded should its end markets and sales volumes
continue to grow, Debt / EBITDA remains below 4.5x and Free Cash
Flow / Debt remains above 6% on a sustained basis.  Unifrax's
size, significant debt (Debt to Sales of >1x), limited operational
diversity and unique risks will likely restrict its CFR to the "B"
category despite the potential for stronger financial metrics.

Moody's most recent announcement concerning the ratings for
Unifrax was on August 25, 2009.  At that time, Moody's downgraded
Unifrax's ratings to reflect expectations for weaker liquidity and
operating performance.

Unifrax I LLC, based in Niagara Falls, New York, is a leading
producer of heat resistant ceramic fiber products, primarily for
automotive, fire protection, and industrial furnace-related
applications.  Revenues were $252 million for the twelve months
ended March 31, 2010.


UNIVAR NV: Bank Debt Trades at 5% Off in Secondary Market
---------------------------------------------------------
Participations in a syndicated loan under which Univar N.V. is a
borrower traded in the secondary market at 94.65 cents-on-the-
dollar during the week ended Friday, June 18, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents a drop of 0.65 percentage points
from the previous week, The Journal relates.  The Company pays 300
basis points above LIBOR to borrow under the facility.  The bank
loan matures on Oct. 11, 2014, and is not rated by Moody's and
Standard & Poor's.  The debt is one of the biggest gainers and
losers among 184 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Friday.

Univar N.V. -- http://www.univarcorp.com/-- is one of the largest
distributors of industrial chemicals and providers of related
services to a diverse set of end markets in the US, Canada and
Europe.  In April 2007, the company purchased ChemCentral
Corporation, the fourth largest chemicals distributor in the US,
for a purchase price of about $650 million, which resulted in the
combined entities becoming the largest chemicals distributor in
North America.  The company had pro forma revenues (including
ChemCentral Corporation) of $8.3 billion for the LTM ended
June 30, 2007.


VAN HUNTER: Exclusive Period to File Plan Moved to August 4
-----------------------------------------------------------
The Hon. Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas extended Van Hunter Development, Ltd.'s
exclusive periods to propose and solicit acceptances for the
proposed Plan of Reorganization until August 4, 2010; and
October 4, respectively.

Dallas, Texas-based Van Hunter Development, Ltd, filed for
Chapter 11 on January 4, 2010 (Bankr. E.D. Texas Case No. 10-
40052).  The Company listed $10,000,001 to $50,000,000 in assets
and $10,000,001 to $50,000,000 in liabilities.


VISION SOLUTIONS: Moody's Assigns 'B1' Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service assigned a B1 corporate family rating to
first time issuer Vision Solutions, Inc.  Moody's also assigned B1
ratings to Vision's pending senior secured debt facilities.  The
new debt facilities will be used to finance the acquisition of
Double-Take Software, Inc. for $242 million.  The ratings outlook
is stable.

The B1 rating is driven by the company's moderately high leverage
(4.2x pro forma for the acquisition and certain cost synergies)
balanced by the combined companies strong market positions
providing sophisticated recovery and related software for key IBM
System i and Windows based server platforms.  The combination
allows Vision to be one of the few recovery software providers
that can provide solutions to mixed IBM Power Systems and Windows
server environments.  The recovery software market is expected to
grow at moderate levels as complexity increases in server
environments and a greater proportion of servers implement or
upgrade their disaster recovery, replication, data migration and
high availability systems.  The growing penetration is expected to
offset potential shrinking of the System i installed base.  IBM's
System i line, while an established machine in numerous
transaction intensive environments, is not growing as it once was.
The ratings also consider the challenges of integrating the
Double-Take acquisition, turning around its performance and
improving its maintenance renewal rates to bring the business up
to industry norms.  Vision has made several acquisitions in the
last several years and appears to have successfully integrated
them, though none have been the size of Double-Take, which is
similar size to Vision but with approximately half the EBITDA
margin.  Vision's rating is on the low end of the B1 rating range
given the challenges at Double-Take and the above 4x starting
leverage (all ratios include Moody's standard adjustments but
prior to preferred stock adjustments).

Both companies experienced material declines in license revenue
during the downturn but have seen signs of recovery in the most
recent quarters on a year over year basis.  Double-Take's declines
appear to be greater than the industry's although specific
recovery industry data is difficult to ascertain.  Overall both
companies generated strong levels of free cash flow through the
downturn driven by the resiliency of their maintenance revenue
streams.  Pro forma for the transaction, Moody's estimates the
combined companies generated greater than 10% free cash flow to
debt for the last twelve months ended March 31, 2010 which is
reflective of a B1 rating.

These ratings were assigned:

  -- Corporate family rating, B1

  -- Probability of default, B2

  -- $15 million Senior Secured Revolving Credit facility due
     2015, B1, LGD3 (33%)

  -- $240 million Senior Secured Term Loan due 2016, B1, LGD3
     (33%)

  -- Speculative grade liquidity rating, SGL-2

  -- Ratings Outlook, Stable

The stable outlook reflects the expectation that revenues for both
IBM and Windows systems will grow modestly over the next year and
that Vision will be able to make improvements to Double-Take's
margins and maintenance renewal levels.  The ratings could face
downward pressure if the integration does not go as planned or
leverage levels are not on track to fall below 4.0x by year end
2010.

Vision Solutions, Inc., headquartered in Irvine, CA, is a provider
of recovery and related software for IBM Power Systems servers.
Vision is majority owned and controlled by the private equity
firm, Thoma Bravo.  The company had sales of $94 million for the
fiscal year ended October 31, 2009.


VOUGHT AIRCRAFT: S&P Withdraws 'B' Corporate Credit Rating
----------------------------------------------------------
Standard & Poor's Ratings Services withdrew its ratings on Dallas,
Texas-based aerospace supplier Vought Aircraft Industries Inc.,
including the 'B' corporate credit rating, and removed them from
CreditWatch, where S&P placed them with positive implications on
March 23, 2010.

The withdrawal follows the completion of Triumph Group Inc.'s
(BB/Negative/--) acquisition of Vought from The Carlyle Group and
refinancing of Vought's debt.  Vought's $270 million senior
unsecured notes due 2011 will be repaid in full at par and
cancelled on July 16, 2010, at the expiration of a 30-day notice
period.  Triumph has deposited funds with the trustee for the
notes, along with interest through July 16.  S&P will treat this
debt as extinguished on its June 30, 2010 balance sheet.


WASHINGTON MUTUAL: Judge Delays Hearing on Examiner
---------------------------------------------------
Bankruptcy Law360 reports that a federal judge on Thursday
postponed consideration of Washington Mutual Inc.'s disclosure
statement and a request by shareholders to review a proposed
settlement of litigation among the bank, JPMorgan Chase & Co. and
the Federal Deposit Insurance Corp.

                    About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.  The Company
operates in four segments: the Retail Banking Group, which
operates a retail bank network of 2,257 stores in California,
Florida, Texas, New York, Washington, Illinois, Oregon, New
Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and
Connecticut; the Card Services Group, which operates a nationwide
credit card lending business; the Commercial Group, which conducts
a multi-family and commercial real estate lending business in
selected markets, and the Home Loans Group, which engages in
nationwide single-family residential real estate lending,
servicing and capital markets activities.

Washington Mutual Bank was taken over September 25 by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  Wamu owns
100% of the equity in WMI Investment.  Weil Gotshal & Manges
represents the Debtors as counsel.  When WaMu filed for protection
from its creditors, it listed assets of $32,896,605,516 and debts
of $8,167,022,695.  WMI Investment listed assets of $500,000,000
to $1,000,000,000 with zero debts.

Peter Calamari, Esq., and David Elsberg, Esq., at Quinn Emanuel
Urquhart Oliver & Hedges, LLP, served as legal counsel to WMI with
responsibility for the litigation.  Brian Rosen, Esq., at Weil,
Gotshal & Manges LLP served as legal counsel to WMI with
responsibility for the Chapter 11 case.

Bankruptcy Creditors' Service Inc. publishes Washington Mutual
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Washington Mutual Inc. (http://bankrupt.com/newsstand/or
215/945-7000).


WILLIAM WILSON: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: William Wilson
               Denise Wilson
               5610 Heather Breeze Court
               Las Vegas, NV 89141

Bankruptcy Case No.: 10-21275

Chapter 11 Petition Date: June 17, 2010

Court: U.S. Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Mike K. Nakagawa

Debtor's Counsel: Charles T. Wright, Esq.
                  Piet & Wright
                  3130 S. Rainbow Boulevard, Suite 304
                  Las Vegas, NV 89146
                  Tel: (702) 566-1212
                  Fax: (702) 566-4833
                  E-mail: todd@pietwright.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

According to the schedules, the Debtors say that assets total
$1,021,645 while debts total $1,740,546.

A copy of the Joint Debtors' list of 20 largest unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/nvb10-21275.pdf

The petition was signed by the Joint Debtors.


W.R. GRACE: Has Deal on Harper Insurance Coverage Disputes
----------------------------------------------------------
Harper Insurance Ltd., formerly known as Turegum Insurance
Company, severally subscribed to four policies of excess liability
insurance that provide or are alleged to provide insurance
coverage to Grace.  The Subject Policies were issued for the
period June 30, 1977 to June 30, 1979, and attach at excess layers
ranging from $10 million to $25 million.  Harper's several share
of the available remaining aggregate limits for the products or
completed operations hazards under the Subject Policies total
$1,446,153.

Harper also severally subscribed to another excess liability
policy -- Policy No. 74DD663C -- issued to Grace for the period
July 17, 1974 to June 30, 1977.  The Policy attaches at
$100 million and has remaining products or completed operations
aggregate limits of $1,426,500.

The Subject Policies, along with Policy No. 74DD663C, are the
subject of a prior agreement between Grace and London Market
Insurers, dated August 10, 2009, which was approved by this Court
on September 9, 2009.  Under the London Agreement, Harper agreed
to reimburse the Trust, if the Trust is established pursuant to a
confirmed Plan, for Harper's several shares of certain Asbestos P1
Claims paid by the Trust.  Harper recently approached Grace
requesting the opportunity to buy out certain of its obligations
under the Subject Policies.  The London Agreement expressly
contemplates that individual insurance company parties to that
agreement may negotiate separate settlement agreements with
Grace.

Grace has incurred and may incur in the future certain
liabilities, expenses and losses arising out of asbestos-related
claims, for which Grace seeks coverage under the Subject Policies.
Disputes have arisen between Grace and Harper regarding their
respective rights and obligations under the Subject Policies with
respect to coverage for asbestos-related claims.

By this motion, the Debtors ask Judge Fitzgerald to approve the
Amended and Restated Settlement Agreement they entered into with
Harper, in accordance with Rule 9019 of the Federal Rules of
Bankruptcy Procedure.

As its salient terms, the Settlement Agreement:

  * provides for a buy-out of certain of Harper's coverage
    obligations under the lower-layer Subject Policies at a
    settlement value that is within the range of Grace's
    settlements with its other insurers that have been approved
    by the Court.  Harper remains obligated under the London
    Agreement for reimbursements to the Trust with respect to
    Policy No. 74DD663C that attaches at $100 million.

  * benefits the Debtors' estate by, among other things,
    converting Harper's obligation to make payments over time
    with respect to the Subject Policies, as claims are
    submitted by the Trust, to an obligation to make a lump sum
    payment to Grace of $1,226,000 within 10 days of the
    execution date of the Agreement.  The immediate payment of
    the substantial sum, among other things, eliminates any
    collection risk and risk of disputes with respect to
    Harper's payments under the Subject Policies.

  * includes a complete, mutual release of claims under the
    Subject Policies with respect to asbestos Bodily Injury
    claims that fall within the products aggregate limit of the
    Subject Policies, as defined in the Agreement.  The
    Agreement does not release Harper from claims for coverage
    for non-products asbestos-related claims.

                          About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.

The Company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).
David M. Bernick, P.C., Esq., at Kirkland & Ellis, LLP, and Laura

Davis Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP,
represent the Debtors in their restructuring efforts.  The Debtors
hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.  Stroock &
Stroock & Lavan, LLP, and Duane Morris, LLP, represent the
Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.  David T. Austern, the legal representative of future
asbestos personal injury claimants, is represented by Orrick
Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace and its debtor affiliates, with the support of the
Official Committee of Asbestos Personal Injury Claimants, the
Asbestos PI Future Claimants' Representative and the Official
Committee of Equity Security Holders, have submitted a proposed
Chapter 11 plan of reorganization.  The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.  The Plan confirmation hearing
wrapped up on January 25.

Bankruptcy Creditors' Service, Inc., publishes W.R. Grace
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by W.R. Grace, W.R. Grace Co. - Conn. and their
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


W.R. GRACE: Has Deal on North Star Insurance Coverage Issues
------------------------------------------------------------
In accordance with Rule 9019 of the Federal Rules of Bankruptcy
Procedure, W.R. Grace & Co. and its units ask the Court to approve
a Settlement Agreement and Mutual Release they entered into with
North Star Reinsurance Corporation.

North Star issued a single policy of excess liability insurance
that provides, or is alleged to provide, insurance coverage to
Grace.  Issued for the period July 17, 1974 to June 1, 1975, the
Subject Policy provides coverage in the amount of $3 million part
of a quota share layer of $50 million per occurrence and in the
aggregate for products and completed operations hazards, all in
excess of $100 million in underlying limits.  Grace has incurred
and may incur in the future certain liabilities, expenses and
losses arising out of asbestos-related claims, for which Grace
seeks coverage under the Subject Policy. Disputes have arisen
between Grace and North Star regarding their rights and
obligations under the Subject Policy with respect to coverage for
asbestos-related claims.

The Settlement Agreement confers these principal benefits upon the
Debtors' estate, among others:

  (a) the payment by North Star to the Trust of the sum of
      $2,000,000, as the settlement amount within 10 days of
      notice of the Trigger Date, as defined in the Agreement;

  (b) the payment of the Settlement Amount without need for
      litigation to enforce the assignment by Grace to the Trust
      of rights under the Subject Policy; and

  (c) a compromise of defenses that North Star might have with
      respect to coverage for any individual Asbestos Personal
      Injury Claim.

The Agreement includes a complete, mutual release of all claims
under the Subject Policy and is structured as a sale of property
pursuant to Section 363 of the Bankruptcy Code.

The Debtors note that they did not receive objections with respect
to the proposed Stipulation.

                          About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.

The Company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).
David M. Bernick, P.C., Esq., at Kirkland & Ellis, LLP, and Laura

Davis Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP,
represent the Debtors in their restructuring efforts.  The Debtors
hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.  Stroock &
Stroock & Lavan, LLP, and Duane Morris, LLP, represent the
Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.  David T. Austern, the legal representative of future
asbestos personal injury claimants, is represented by Orrick
Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace and its debtor affiliates, with the support of the
Official Committee of Asbestos Personal Injury Claimants, the
Asbestos PI Future Claimants' Representative and the Official
Committee of Equity Security Holders, have submitted a proposed
Chapter 11 plan of reorganization.  The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.  The Plan confirmation hearing
wrapped up on January 25.

Bankruptcy Creditors' Service, Inc., publishes W.R. Grace
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by W.R. Grace, W.R. Grace Co. - Conn. and their
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


W.R. GRACE: Wants to Re-Open Old Lawsuits for Fee Applications
--------------------------------------------------------------
W.R. Grace & Co. and its units ask Bankruptcy Judge Judith
Fitzgerald to re-open Adversary Proceedings 02-2210 and 02-2211 in
order to (i) permit the filing of certain remaining quarterly fee
applications relating to the long since resolved and closed
fraudulent conveyance adversary proceedings; and (ii) allow the
payment of the remaining 20% holdbacks of legal fees owed to
certain professionals in those Proceedings.

Theodore L. Freedman, Esq., at Kirkland & Ellis LLP, in New York,
relates that in March 2002, the adversary proceedings entitled (i)
Official Committee of Asbestos Personal Injury Claimants, et al.
v. Sealed Air Corporation and Cryovac, Inc., et al., Adversary No.
02-2210; and (ii) Official Committee of Asbestos Personal Injury
Claimants, et al., vs. Fresenius Medical Care Holdings, Inc., et
al., Adversary No. 02-2211, were commenced.  Certain professionals
were authorized to perform certain services in the Adversary
Proceedings and in that regard incurred fees and expenses.
In July 2002, Judge Alfred Wolin of the U.S. District Court for
the District of New Jersey withdrew the reference from the
Bankruptcy Court over the determination of the fees and expenses
incurred in the Adversary Proceedings.  The Withdrawal Order also
outlined and approved procedures by which certain professionals
would be compensated in the Adversary Proceedings and incorporated
the Bankruptcy Court's administrative fee order dated April 17,
2002.  Thereafter, pursuant to the Withdrawal Order and the Fee
Order, the professionals periodically filed and were paid fees and
expenses.

The Adversary Proceedings were settled in principal in November,
2002.  However, due to the complex nature of the settlements, the
settlement of the Fresenius Adversary Proceeding was not approved
until June 25, 2003, and the settlement of the Sealed Air
Adversary Proceeding was not approved until June 27, 2005.  In the
meantime, District Judge Wolin recused.  In January 2005, District
Judge Buckwalter referred "the Sealed Air Settlement Motion . . .
and any related pleadings" to the Bankruptcy Court.  This order,
however, did not address referral of the professional fees that
had been or would continue to be incurred in the Adversary
Proceedings.

Due to the settlement of the Adversary Proceedings, recusal of
Judge Wolin and transfer of the Sealed Air matters back to the
Bankruptcy Court, many of the fee applications filed by the
professionals in the Adversary Proceedings were never acted upon.
While the Debtors paid the 80% in fees and 100% in expenses owed
to the professionals, which was permitted by the Fee Order, the
fee applications themselves and payment of the 20% holdbacks were
not approved by the Court, Mr. Freedman points out.

According to Mr. Freedman, the Debtors conducted an audit of their
books and records with respect to their payment of fees and
expenses to all of the professionals retained in their Chapter 11
cases.  As a result of that audit, the Debtors discovered that
there still remain fee applications from the Adversary Proceedings
that have not been approved by the Court and holdbacks that have
not been, thus, paid.  Thus, certain professionals who have
outstanding fees owed from the Adversary Proceedings sought
approval of remaining fee applications.  Because the Adversary
Proceedings were closed, the professionals filed the Fee Motion in
the Debtors' cases.  The Fee Motion was subsequently dismissed.

Mr. Freedman explains that reopening the Adversary Proceedings
will allow the Professionals to file their remaining quarterly fee
applications and the Fee Motion in the Adversary Proceedings.
Thereafter, the Debtors will ask that the District Court refer the
fee matters back to the Bankruptcy Court, which may approve the
fee applications and rule on the Fee Motion.  Doing is in the best
interests of the estates and their creditors because it will
permit the Debtors to fully comply with the Fee Order and pay all
remaining outstanding fees owed to the professionals, according to
Mr. Freedman.

The Bankruptcy Court is the appropriate Court to rule on the
remaining fee issues because it is the Court which ultimately
addressed all of the remaining matters that were pending in the
Adversary Proceedings, Mr. Freedman notes.

                          About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.

The Company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).
David M. Bernick, P.C., Esq., at Kirkland & Ellis, LLP, and Laura

Davis Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP,
represent the Debtors in their restructuring efforts.  The Debtors
hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.  Stroock &
Stroock & Lavan, LLP, and Duane Morris, LLP, represent the
Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.  David T. Austern, the legal representative of future
asbestos personal injury claimants, is represented by Orrick
Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace and its debtor affiliates, with the support of the
Official Committee of Asbestos Personal Injury Claimants, the
Asbestos PI Future Claimants' Representative and the Official
Committee of Equity Security Holders, have submitted a proposed
Chapter 11 plan of reorganization.  The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.  The Plan confirmation hearing
wrapped up on January 25.

Bankruptcy Creditors' Service, Inc., publishes W.R. Grace
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by W.R. Grace, W.R. Grace Co. - Conn. and their
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


WRS LLC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------
Debtor: WRS, LLC
        fka Woods Restoration Services, LLC
        22 Riverview Drive
        Suite 101
        Wayne, NJ 07470

Bankruptcy Case No.: 10-28461

Chapter 11 Petition Date: June 16, 2010

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Judge: Donald H. Steckroth

Debtor's Counsel: Shoshana Schiff, Esq.
                  Trenk, DiPasquale, Webster,
                  Della Fera & Sodono, P.C.
                  347 Mt. Pleasant Avenue
                  Suite 300
                  West Orange, NJ 07052
                  Tel: (973) 243-8600
                  Fax: (973) 243-8677
                  E-mail: sschiff@trenklawfirm.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $10,000,001 to $50,000,000

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/njb10-28461.pdf

The petition was signed by Chet Dunican, company's chief executive
officer.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                      Petition
   Debtor                                Case No.       Date
   ------                                --------       ----
WRS Holdings, LLC                         10-28457    6/16/10
  Assets: $0 to $50,000
Woods Restoration Services, LLC           10-28465    6/16/10
  Assets: $0 to $50,000
  Debts: $1,000,001 to $10,000,000
Woods Restoration Services of S.C., LLC   10-28471    6/16/10
  Assets: $0 to $50,000
  Debts: $1,000,001 to $10,000,000
Woods Restoration Services of
Montclair, NJ, LLC                       10-28474    6/16/10
  Assets: $0 to $50,000
  Debts: $1,000,001 to $10,000,000
Environmental Remediation Concepts, LLC   10-28476   6/1/6/10
   Assets: $0 to $50,000
   Debts: $1,000,001 to $10,000,000
WRS, Inc.                                 10-28478    6/16/10
  Assets: $0 to $50,000
  Debts: $1,000,001 to $10,000,000


* BOND PRICING -- For Week From June 14 to 18, 2010
---------------------------------------------------

  Company          Coupon      Maturity  Bid Price
  -------          ------      --------  ---------
155 E TROPICANA     8.750%     4/1/2012     5.250
ABITIBI-CONS FIN    7.875%     8/1/2009    18.000
AHERN RENTALS       9.250%    8/15/2013    40.750
ALERIS INTL INC     9.000%   12/15/2014     0.401
ALERIS INTL INC    10.000%   12/15/2016     0.200
AMBAC INC           9.375%     8/1/2011    42.500
AT HOME CORP        0.525%   12/28/2018     0.504
BANK NEW ENGLAND    8.750%     4/1/1999    11.750
BANK NEW ENGLAND    9.875%    9/15/1999    11.875
BANKUNITED FINL     6.370%    5/17/2012     5.500
BLOCKBUSTER INC     9.000%     9/1/2012    10.813
BOWATER INC         6.500%    6/15/2013    30.500
BOWATER INC         9.500%   10/15/2012    33.500
BRODER BROS CO     11.250%   10/15/2010    88.000
CAPMARK FINL GRP    5.875%    5/10/2012    34.750
CELL THERAPEUTIC    4.000%     7/1/2010    95.000
COLONIAL BANK       6.375%    12/1/2015     0.200
EDDIE BAUER HLDG    5.250%     4/1/2014     5.000
ELEC DATA SYSTEM    3.875%    7/15/2023    89.000
EVERGREEN SOLAR     4.000%    7/15/2013    36.000
FAIRPOINT COMMUN   13.125%     4/1/2018    16.125
FAIRPOINT COMMUN   13.125%     4/2/2018    11.500
FEDDERS NORTH AM    9.875%     3/1/2014     0.877
FINLAY FINE JWLY    8.375%     6/1/2012     0.750
FLEETWOOD ENTERP   14.000%   12/15/2011    15.375
FRANKLIN BANK       4.000%     5/1/2027     1.375
FRIEDE GOLDMAN      4.500%    9/15/2004     0.875
GASCO ENERGY INC    5.500%    10/5/2011    62.500
GENERAL MOTORS      7.125%    7/15/2013    32.125
GENERAL MOTORS      9.450%    11/1/2011    28.500
HAWAIIAN TELCOM     9.750%     5/1/2013     2.250
HAWAIIAN TELCOM    12.500%     5/1/2015     1.400
IDLEAIRE TECH CP   13.000%   12/15/2012     1.000
INDALEX HOLD       11.500%     2/1/2014     2.800
INN OF THE MOUNT   12.000%   11/15/2010    41.000
LANDRY'S RESTAUR    9.500%   12/15/2014    84.800
LEHMAN BROS HLDG    0.450%   12/27/2013    20.000
LEHMAN BROS HLDG    1.250%    6/13/2012    19.050
LEHMAN BROS HLDG    1.500%    3/23/2012    20.000
LEHMAN BROS HLDG    4.375%   11/30/2010    18.500
LEHMAN BROS HLDG    4.500%     8/3/2011    19.000
LEHMAN BROS HLDG    4.700%     3/6/2013    18.630
LEHMAN BROS HLDG    4.800%    2/27/2013    18.850
LEHMAN BROS HLDG    4.800%    3/13/2014    19.760
LEHMAN BROS HLDG    5.000%    1/14/2011    18.750
LEHMAN BROS HLDG    5.000%    1/22/2013    19.000
LEHMAN BROS HLDG    5.000%    2/11/2013    18.000
LEHMAN BROS HLDG    5.000%    3/27/2013    18.800
LEHMAN BROS HLDG    5.000%     8/3/2014    18.800
LEHMAN BROS HLDG    5.000%     8/5/2015    19.000
LEHMAN BROS HLDG    5.100%    1/28/2013    18.850
LEHMAN BROS HLDG    5.150%     2/4/2015    18.850
LEHMAN BROS HLDG    5.250%     2/6/2012    19.000
LEHMAN BROS HLDG    5.250%    2/11/2015    18.630
LEHMAN BROS HLDG    5.350%    2/25/2018    18.630
LEHMAN BROS HLDG    5.500%     4/4/2016    19.935
LEHMAN BROS HLDG    5.500%     2/4/2018    18.700
LEHMAN BROS HLDG    5.500%    2/19/2018    18.630
LEHMAN BROS HLDG    5.500%    11/4/2018    18.000
LEHMAN BROS HLDG    5.550%    2/11/2018    18.630
LEHMAN BROS HLDG    5.600%    1/22/2018    18.630
LEHMAN BROS HLDG    5.625%    1/24/2013    20.666
LEHMAN BROS HLDG    5.700%    1/28/2018    18.630
LEHMAN BROS HLDG    5.750%    4/25/2011    18.000
LEHMAN BROS HLDG    5.750%    7/18/2011    19.810
LEHMAN BROS HLDG    5.750%    5/17/2013    19.500
LEHMAN BROS HLDG    5.875%   11/15/2017    19.760
LEHMAN BROS HLDG    6.000%     4/1/2011    21.000
LEHMAN BROS HLDG    6.000%    7/19/2012    20.500
LEHMAN BROS HLDG    6.000%   12/18/2015    18.850
LEHMAN BROS HLDG    6.000%    2/12/2018    17.750
LEHMAN BROS HLDG    6.200%    9/26/2014    20.125
LEHMAN BROS HLDG    6.625%    1/18/2012    19.760
LEHMAN BROS HLDG    6.750%     7/1/2022    18.550
LEHMAN BROS HLDG    6.875%     5/2/2018    21.500
LEHMAN BROS HLDG    7.000%    4/16/2019    18.031
LEHMAN BROS HLDG    7.000%   12/28/2037    18.000
LEHMAN BROS HLDG    7.200%    8/15/2009    18.000
LEHMAN BROS HLDG    7.730%   10/15/2023    19.800
LEHMAN BROS HLDG    7.875%    11/1/2009    19.760
LEHMAN BROS HLDG    8.000%     3/5/2022    17.500
LEHMAN BROS HLDG    8.000%    3/17/2023    19.500
LEHMAN BROS HLDG    8.050%    1/15/2019    18.760
LEHMAN BROS HLDG    8.400%    2/22/2023    17.950
LEHMAN BROS HLDG    8.500%     8/1/2015    18.600
LEHMAN BROS HLDG    8.500%    6/15/2022    18.850
LEHMAN BROS HLDG    8.750%   12/21/2021    19.500
LEHMAN BROS HLDG    8.750%     2/6/2023    17.050
LEHMAN BROS HLDG    8.800%     3/1/2015    19.260
LEHMAN BROS HLDG    8.920%    2/16/2017    16.000
LEHMAN BROS HLDG    9.500%   12/28/2022    19.000
LEHMAN BROS HLDG    9.500%    1/30/2023    17.601
LEHMAN BROS HLDG    9.500%    2/27/2023    15.130
LEHMAN BROS HLDG   10.000%    3/13/2023    22.500
LEHMAN BROS HLDG   10.375%    5/24/2024    17.125
LEHMAN BROS HLDG   11.000%    6/22/2022    19.550
LEHMAN BROS HLDG   11.000%    7/18/2022    17.500
LEHMAN BROS HLDG   11.000%    8/29/2022    19.000
LEHMAN BROS HLDG   11.000%    3/17/2028    18.500
LEINER HEALTH      11.000%     6/1/2012     8.750
MAGNA ENTERTAINM    7.250%   12/15/2009    15.250
MAGNA ENTERTAINM    8.550%    6/15/2010    15.250
MERRILL LYNCH       3.470%     3/9/2011    99.500
METALDYNE CORP     11.000%    6/15/2012     1.600
NEFF CORP          10.000%     6/1/2015     9.625
NEWPAGE CORP       10.000%     5/1/2012    58.100
NEWPAGE CORP       12.000%     5/1/2013    29.100
NORTH ATL TRADNG    9.250%     3/1/2012    52.000
PALM HARBOR         3.250%    5/15/2024    73.500
POPE & TALBOT       8.375%     6/1/2013     0.500
QUANTUM CORP        4.375%     8/1/2010    92.554
RASER TECH INC      8.000%     4/1/2013    38.000
RESIDENTIAL CAP     8.375%    6/30/2010    99.250
SPHERIS INC        11.000%   12/15/2012    22.000
STATION CASINOS     6.000%     4/1/2012     6.000
STATION CASINOS     6.500%     2/1/2014     2.250
STATION CASINOS     7.750%    8/15/2016     6.000
THORNBURG MTG       8.000%    5/15/2013     2.550
TIMES MIRROR CO     7.250%     3/1/2013    26.250
TOUSA INC           7.500%    1/15/2015     4.750
TOUSA INC          10.375%     7/1/2012     4.750
TRANS-LUX CORP      8.250%     3/1/2012     7.673
TRIBUNE CO          5.250%    8/15/2015    26.500
TRICO MARINE        3.000%    1/15/2027    15.000
TRICO MARINE SER    8.125%     2/1/2013    53.000
TRUMP ENTERTNMNT    8.500%     6/1/2015     0.250
VERASUN ENERGY      9.375%     6/1/2017     6.625
VERENIUM CORP       5.500%     4/1/2027    33.000
VIRGIN RIVER CAS    9.000%    1/15/2012    45.500
WASH MUT BANK NV    5.500%    1/15/2013     0.600
WASH MUT BANK NV    5.950%    5/20/2013     0.300
WASH MUT BANK NV    6.750%    5/20/2036     0.500
WCI COMMUNITIES     7.875%    10/1/2013     0.700
WCI COMMUNITIES     9.125%     5/1/2012     1.000
WDAC SUBSIDIARY     8.375%    12/1/2014     4.994
WERNER HOLDINGS    10.000%   11/15/2007     1.020
YELLOW CORP         5.000%     8/8/2023    68.125



                           *********

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
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.


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