TCR_Public/120609.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Saturday, June 9, 2012, Vol. 16, No. 159

                            Headlines

AMERICAN AIRLINES: Has $142 Million Net Loss in April
DELTA PETROLEUM: Reports April Operating Loss
DYNEGY HOLDINGS: Paid $2.57-Mil. to Advisors in March
EASTMAN KODAK: Ends April With $617.61 Million in Cash
EXTERRA ENERGY: Ends March With Only $84 in Cash

EXTERRA ENERGY: Ends April With $41,071 in Cash
GENERAL MARITIME: Ends April With $18.23 Million in Cash
IMPERIAL CAPITAL: Ends April With $36.48 Million in Cash
LEHMAN BROTHERS: Has $21.33 Billion Cash at April 30
NEBRASKA BOOK: Ends April With $81.18 Million in Cash

PINNACLE AIRLINES: Ends April With $42.73 Million in Cash
TRIDENT MICROSYSTEMS: Ends April with $348-K in Cash





                          *********


AMERICAN AIRLINES: Has $142 Million Net Loss in April
-----------------------------------------------------

                       AMR Corporation, et al.
                   Condensed Consolidated Balance Sheet
                         As of April 30, 2012

ASSETS
Current Assets
Cash                                              $418,000,000
Short-term investments                           4,400,000,000
Restricted cash and short-term investments         771,000,000
Receivables, net                                 1,083,000,000
Inventories, net                                   655,000,000
Fuel derivative contracts                           86,000,000
Other current assets                               429,000,000
                                            -------------------
                                                  7,842,000,000
Equipment and property
Flight equipment, net                           10,753,000,000
Other equipment and property, net                2,109,000,000
Purchase deposits for flight equipment             660,000,000
                                            -------------------
                                                 13,522,000,000

Equipment and property under capital leases
Flight equipment, net                              250,000,000
Other equipment and property, net                   68,000,000
                                            -------------------
                                                    318,000,000

International slots and route authorities           708,000,000
Domestic slots and airport operating and
gate lease rights, less accumulated
amortization, net                                  177,000,000
Other assets                                      1,933,000,000
                                            -------------------
TOTAL ASSETS                                    $24,500,000,000
                                            ===================

Liabilities and stockholders' equity (deficit)
Current liabilities
Accounts payable                                $1,344,000,000
Accrued liabilities                              1,733,000,000
Air traffic liability                            5,006,000,000
Current maturities of long-term debt             1,570,000,000
Current obligations under capital leases            59,000,000
                                            -------------------
Total current liabilities                        9,712,000,000

Long-term debt, less current maturities          6,464,000,000
Obligations under capital leases, less
current obligations                                313,000,000
Pension and postretirement benefits                 77,000,000
Other liabilities, deferred gains and
deferred credits                                 1,680,000,000
                                            -------------------
Liabilities subject to compromise                15,084,000,000

Stockholders' Equity
Preferred stock                                              -
Common stock                                       341,000,000
Additional paid-in capital                       4,472,000,000
Treasury stock                                    (367,000,000)
Accumulated other comprehensive income (loss)   (4,026,000,000)
Accumulated deficit                             (9,250,000,000)
                                            -------------------
                                                 (8,830,000,000)
                                            -------------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY      $24,500,000,000
                                            ===================

                     AMR Corporation, et al.
                Consolidated Statement of Operations
                   Month Ended April 30, 2012

Revenues
Passenger - American Airlines                   $1,525,000,000
                - Regional Affiliates               251,000,000
Cargo                                               58,000,000
Other revenues                                     207,000,000
                                            -------------------
Total operating revenues                         2,041,000,000

Expenses
Aircraft fuel                                      748,000,000
Wages, salaries and benefits                       584,000,000
Other rentals and landing fees                     110,000,000
Maintenance, materials and repairs                 115,000,000
Depreciation and amortization                       87,000,000
Commissions, booking fees and credit card expense   85,000,000
Aircraft rentals                                    45,000,000
Food service                                        42,000,000
Other operating expenses                           240,000,000
                                            -------------------
                                                  2,056,000,000
                                            -------------------
Operating income (loss)                             (15,000,000)

Other income (expense)
Interest income                                      2,000,000
Interest expense                                   (56,000,000)
Interest capitalized                                 4,000,000
Miscellaneous - net                                 (2,000,000)
                                            -------------------
                                                    (52,000,000)
                                            -------------------
Income (loss) before reorganization items           (67,000,000)

Reorganization items, net                           (75,000,000)
                                            -------------------
Income (loss) before income taxes                  (142,000,000)
Income tax                                                    -
                                            -------------------
                                                  ($142,000,000)
                                            ===================

                     AMR Corporation, et al.
          Condensed Consolidated Statement of Cash Flows
                  Month Ended April 30, 2012

Net cash provided by (used for) Operating
Activities                                        $145,000,000

Cash flow from investing activities:
Capital expenditures, including aircraft
lease deposits                                     (84,000,000)
Net (increase) decrease in short-term investments   43,000,000
Net (increase) decrease in restricted cash and
short-term investments                                       -
Proceeds from sale of equipment and property         4,000,000
                                            -------------------
Net cash used for investing activities             (37,000,000)

Cash flow from financing activities:
Payments on long-term debt and capital
lease obligations                                 (146,000,000)
Proceeds from:
Issuance of debt                                             -
Sale leaseback transactions                         81,000,000
Other                                                        -
                                            -------------------
                                                    (65,000,000)
                                            -------------------
Net increase (decrease) in cash                      43,000,000
Cash at beginning of period                         375,000,000
                                            -------------------
Cash at end of period                              $418,000,000
                                            ===================

                      About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.

AMR, previously the world's largest airline prior to mergers by
other airlines, is the last of the so-called U.S. legacy airlines
to seek court protection from creditors.

American Airlines, American Eagle and the AmericanConnection
carrier serve 260 airports in more than 50 countries and
territories with, on average, more than 3,300 daily flights.  The
combined network fleet numbers more than 900 aircraft.

The Company reported a net loss of $884 million on
$18.02 billion of total operating revenues for the nine months
ended Sept. 30, 2011.  AMR recorded a net loss of $471 million in
the year 2010, a net loss of $1.5 billion in 2009, and a net loss
of $2.1 billion in 2008.

The Company's balance sheet at Sept. 30, 2011, showed
$24.72 billion in total assets, $29.55 billion in total
liabilities, and a $4.83 billion stockholders' deficit.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.   Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

Bankruptcy Creditors' Service, Inc., publishes AMERICAN AIRLINES
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by AMR Corp. and its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000).


DELTA PETROLEUM: Reports April Operating Loss
---------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports Delta Petroleum Corp. reported a $1.65 million operating
loss in April on total revenue of $2.85 million.  The operating
report filed with the bankruptcy court in Delaware listed $1.65
million in depreciation and depletion charges in April.  The net
loss for the month was $3.84 million, including $1.73 million in
reorganization costs.  Since the beginning of the bankruptcy
reorganization in December, the cumulative operating loss is $8.63
million on revenue of $14.63 million. Cumulative depreciation and
depletion charges are $7.87 million.

                       About Delta Petroleum

Delta Petroleum Corporation (NASDAQ: DPTR) is an independent oil
and gas company engaged primarily in the exploration for, and the
acquisition, development, production, and sale of, natural gas and
crude oil.  Natural gas comprises over 90% of Delta's production
services.  The core area of its operations is the Rocky Mountain
Region of the United States, where the majority of the proved
reserves, production and long-term growth prospects are located.

Delta and seven of its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Case Nos. 11-14006 to 11-14013,
inclusive) on Dec. 16, 2011, roughly six weeks before the Jan. 31,
2012 scheduled maturity of its $38.5 million secured credit
facility with Macquarie Bank Limited and after several months of
unsuccessful attempts to sell the business.  Delta disclosed
$375,498,248 in assets and $310,679,157 in liabilities, which also
include $152,187,500 in outstanding obligations on account of the
7% senior unsecured notes issued in March 2005 with US Bank
National Association indenture trustee; and $115,527,083 in
outstanding obligations on account of 3-3/4% Senior Convertible
Notes due 2037 issued in April 2007.  In its amended schedules,
the Delta Petroleum disclosed $373,836,358 in assets and
$312,864,788 in liabilities.

W. Peter Beardsley, Esq., Christopher Gartman, Esq., Kathryn A.
Coleman, Esq., and Ashley J. Laurie, Esq., at Hughes Hubbard &
Reed LLP, in New York, N.Y., represent the Debtors as counsel.
Derek C. Abbott, Esq., Ann C. Cordo, Esq., and Chad A. Fights,
Esq., at Morris, Nichols, Arsht & Tunnel LLP, in Wilmington, Del.,
represent the Debtors as co-counsel.  Conway Mackenzie is the
Debtors' restructuring advisor.  Evercore Group L.L.C. is the
financial advisor and investment banker.  The Debtors selected
Epiq Bankruptcy Solutions, LLC as claims and noticing agent.  The
petition was signed by Carl E. Lakey, chief executive officer and
president.

The U.S. Trustee told the bankruptcy judge that there was
insufficient interest from creditors to form an official committee
of unsecured creditors.

Laramie Energy II LLC has been approved by the Court to serve as
the sponsor for Delta's reorganization plan.


DYNEGY HOLDINGS: Paid $2.57-Mil. to Advisors in March
-----------------------------------------------------
Dynegy Holdings, LLC, and its affiliated debtors filed with the
U.S. Bankruptcy Court in Manhattan their operating report for the
month ended March 31, 2012.

Dynegy Holdings disclosed that as of March 31, it had $94,735,000
in current assets and $1,323,858,000 in current liabilities.  The
company also disclosed it had $6,260,253,000 in total assets,
($691,703,000) in Dynegy Inc. equity, and $6,951,956,000 in total
liabilities.

The company and its affiliated debtors also disclosed these net
income and losses from operations for the month ended March 31 and
for the prior month:

                           March 2012           Feb. 2012
                           ----------           ---------
Dynegy Holdings LLC    ($736,517,000)       ($23,495,000)
Hudson Power LLC                 ($0)                ($0)
Dynegy Roseton LLC     ($731,304,000)        ($1,895,000)
Dynegy Danskammer LLC  ($157,437,000)        ($2,197,000)
Dynegy Northeast
    Generation Inc.         ($525,000)          ($425,000)

At the beginning of the month, Dynegy Holdings had $24,389,000
cash, which decreased to $19,827,000 at the end of the month.

Dynegy Holdings paid a total of $2,565,294 to professionals during
the month.

A full-text copy of the March 2012 MOR is available for free
at http://bankrupt.com/misc/Dynegy_MORMarch2012.pdf

                         About Dynegy Inc.

Through its subsidiaries, Houston, Texas-based Dynegy Inc.
(NYSE: DYN) -- http://www.dynegy.com/-- produces and sells
electric energy, capacity and ancillary services in key U.S.
markets.  The power generation portfolio consists of approximately
12,200 megawatts of baseload, intermediate and peaking power
plants fueled by a mix of natural gas, coal and fuel oil.

In August, Dynegy implemented an internal restructuring that
created two units, one owning eight primarily natural gas-fired
power generation facilities and another owning six coal-fired
plants.

Dynegy missed a $43.8 million interest payment Nov. 1, 2011, and
said it was discussing options for managing its debt load with
certain bondholders.

Dynegy Holdings LLC and four other affiliates of Dynegy Inc.
sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead Case
No. 11-38111) Nov. 7 to implement an agreement with a
group of investors holding more than $1.4 billion of senior notes
issued by Dynegy's direct wholly-owned subsidiary, Dynegy
Holdings, regarding a framework for the consensual restructuring
of more than $4.0 billion of obligations owed by DH.  If this
restructuring support agreement is successfully implemented, it
will significantly reduce the amount of debt on the Company's
consolidated balance sheet.

Dynegy Holdings disclosed assets of $13.77 billion and debt of
$6.18 billion, while Roseton LLC and Dynegy Danskammer LLC each
estimated $100 million to $500 million in assets and debt.

Dynegy Holdings and its affiliated debtor-entities are represented
in the Chapter 11 proceedings by Sidley Austin LLP as their
reorganization counsel.  Dynegy and its other subsidiaries are
represented by White & Case LLP, who is also special counsel to
the Debtor Entities with respect to the Roseton and Danskammer
lease rejection issues.

Dynegy was advised by Lazard Freres & Co. LLC and the Debtor
Entities' financial advisor is FTI Consulting.

The Official Committee of Unsecured Creditors has tapped Akin Gump
Strauss Hauer & Feld LLP as counsel nunc pro tunc to November 16,
2011.

Bankruptcy Creditors' Service, Inc., publishes DYNEGY BANKRUPTCY
NEWS.  The newsletter tracks the Chapter 11 proceeding undertaken
by affiliates of Dynegy Inc. (http://bankrupt.com/newsstand/or
215/945-7000).


EASTMAN KODAK: Ends April With $617.61 Million in Cash
------------------------------------------------------
Eastman Kodak Company, on May 30, 2012, filed its monthly
operating report for the month ended April 30, 2012.

The Debtor reported a net loss of $91.34 million on revenue of
$156.03 million for the month ended April 30, 2012.

As of April 30, 2012, Eastman Kodak had total assets of
$4.20 billion, total liabilities of $5.33 billion and total
stockholders' deficit of $1.13 billion.

Eastman Kodak had total cash receipts of $182.09 million and total
cash disbursements of $213.35 million for the month of April.  As
of Apr. 30, 2012, the Company has total cash of $617.61 million.

A full-text copy of the monthly operating report is available at:

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

                       About Eastman Kodak

Rochester, New York-based Eastman Kodak Company and its U.S.
subsidiaries on Jan. 19, 2012, filed voluntarily Chapter 11
petitions (Bankr. S.D.N.Y. Lead Case No. 12-10202) in Manhattan.
Subsidiaries outside of the U.S. were not included in the filing
and are expected to continue to operate as usual.

Kodak, founded in 1880 by George Eastman, was once the world's
leading producer of film and cameras.  Kodak sought bankruptcy
protection amid near-term liquidity issues brought about by
steeper-than-expected declines in Kodak's historically profitable
traditional businesses, and cash flow from the licensing and sale
of intellectual property being delayed due to litigation tactics
employed by a small number of infringing technology companies with
strong balance sheets and an awareness of Kodak's liquidity
challenges.

In recent years, Kodak has been working to transform itself from a
business primarily based on film and consumer photography to a
smaller business with a digital growth strategy focused on the
commercialization of proprietary digital imaging and printing
technologies.  Kodak has 8,900 patent and trademark registrations
and applications in the United States, as well as 13,100 foreign
patents and trademark registrations or pending registration in
roughly 160 countries.

Kodak disclosed $5.10 billion in assets and $6.75 billion in
liabilities as of Sept. 30, 2011.  The net book value of all
assets located outside the United States as of Dec. 31, 2011 is
$13.5 million.

Attorneys at Sullivan & Cromwell LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  FTI Consulting,
Inc., is the restructuring advisor.   Lazard Freres & Co. LLC, is
the investment banker.   Kurtzman Carson Consultants LLC is the
claims agent.  A group of second lien lenders are represented by
Akin Gump Strauss Hauer & Feld LLP.

The Official Committee of Unsecured Creditors has tapped
Milbank, Tweed, Hadley & McCloy LLP, as its bankruptcy counsel.

Bankruptcy Creditors' Service, Inc., publishes EASTMAN KODAK
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by affiliates of Eastman Kodak and its affiliates
(http://bankrupt.com/newsstand/or 215/945-7000).


EXTERRA ENERGY: Ends March With Only $84 in Cash
------------------------------------------------
Exterra Energy, Inc., on June 4, 2012, filed its monthly operating
report for the month ended March 31, 2012.

Exterra Energy posted a net loss of $26,286 for the month ended
Mar. 31, 2012.

As of Mar. 31, 2012, the company had total assets of $4.75
million, total liabilities of $8.16 million and total
stockholders' deficit of $3.41 million.

As of Mar. 31, 2012, the Company had total cash of only $84.

A full-text copy of the monthly operating report is available at:

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

Exterra Energy Inc., an oil and natural-gas exploration and
production company in Amarillo, Texas, filed a bare-bones Chapter
11 petition (Bankr. N.D. Tex. Case No. 11-46956) on Dec. 15, 2011,
in Fort Worth.  Two weeks later, Exterra filed its schedules of
assets and liabilities claiming to have property worth $19.4
million.  The company also filed a balance sheet from February
listing assets of $5.1 million.  The formal bankruptcy lists show
total debt of $7.5 million, including $4.6 million in secured
claims.  The company's Web site says Exterra has 12 wells in Pecos
County, Texas, plus interests in another 50.


EXTERRA ENERGY: Ends April With $41,071 in Cash
-----------------------------------------------
Exterra Energy, Inc., on June 4, 2012, filed its monthly operating
report for the month ended April 30, 2012.

The Debtor reported a net loss of $72,873 on net revenue of
$21,987 for the month ended April 30, 2012.

As of April 30, 2012, Exterra Energy had total assets of $4.77
million, total liabilities of $8.26 million and total
stockholders' deficit of $3.49 million.

The Debtor had total cash receipts of $40,987.  At the end of the
month, the debtor had $41,071 in cash.

A full-text copy of the monthly operating report is available at:

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

Exterra Energy Inc., an oil and natural-gas exploration and
production company in Amarillo, Texas, filed a bare-bones Chapter
11 petition (Bankr. N.D. Tex. Case No. 11-46956) on Dec. 15, 2011,
in Fort Worth.  Two weeks later, Exterra filed its schedules of
assets and liabilities claiming to have property worth $19.4
million.  The company also filed a balance sheet from February
listing assets of $5.1 million.  The formal bankruptcy lists show
total debt of $7.5 million, including $4.6 million in secured
claims.  The company's Web site says Exterra has 12 wells in Pecos
County, Texas, plus interests in another 50.


GENERAL MARITIME: Ends April With $18.23 Million in Cash
--------------------------------------------------------
General Maritime Corp., on June 1, 2012, filed its monthly
operating report for the month ended April 30, 2012.

The Debtor reported a net loss of $18.12 million on voyage
revenues of $23.60 million for the month ended April 30, 2012.

As of April 30, 2012, the Debtor had total assets of $1.65
billion, total liabilities of $1.51 billion and total
stockholders' equity of $138.36 million.

General Maritime had total cash receipts of $98.71 million and
total cash disbursements of $101.17 million.  As a result, the
Company had total cash of $18.23 million as of Apr. 30, 2012.

A full-text copy of the monthly operating report is available at:

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

                      About General Maritime

New York-based General Maritime Corporation, through its
subsidiaries, provides international transportation services of
seaborne crude oil and petroleum products.  The Company's fleet is
comprised of VLCC, Suezmax, Aframax, Panamax and product carrier
vessels.  The fleet consisted of 30 owned vessels and three
chartered vessels.  The company generates substantially all of its
revenues by chartering its fleet to third-party customers.  The
largest customers include major international oil companies, oil
producers, and oil traders such as BP, Chevron Corporation, CITGO
Petroleum Corp., ConocoPhillips, Exxon Mobil Corporation, Hess
Corporation, Lukoil Oil Company, Stena AB, and Trafigura.

General Maritime and 56 subsidiaries filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 11-15285) on Nov. 17,
2011.  Douglas Mannal, Esq., and Adam C. Rogoff, Esq., at Kramer
Levin Naftalis & Frankel LLP, in New York, serve as counsel to the
Debtors.  Moelis & Company is the financial advisor.  Garden City
Group Inc. is the claims and notice agent.

Prepetition, General Maritime reached agreements with its key
senior lenders, including its bank group, led by Nordea Bank
Finland plc, New York Branch as administrative agent, as well as
affiliates of Oaktree Capital Management, L.P., on the terms of a
restructuring.  Under terms of the agreements, Oaktree will
provide a $175 million new equity investment in General Maritime
and convert its prepetition secured debt to equity.

In conjunction with the filing, General Maritime has received a
commitment for up to $100 million in new DIP financing from a
group of lenders led by Nordea as administrative agent.

Counsel for Nordea, as the DIP Agent and the Senior Agent, are
Thomas E. Lauria, Esq., and Scott Greissman, Esq., at White & Case
LLP.  Counsel for Oaktree Capital Management, the Junior Agent,
are Edward Sassower, Esq., and Brian Schartz, Esq., at Kirkland &
Ellis, LLP.

The Official Committee of Unsecured Creditors appointed in the
case has retained lawyers at Jones Day as Chapter 11 counsel.
Jones Day previously represented an ad hoc group of holders of the
12% Senior Notes due 2017 issued by General Maritime Corp.  This
representation began Sept. 20, 2011, and concluded Nov. 29, 2011,
with the agreement of all members of the Noteholders Committee.
The Creditors Committee also tapped Lowenstein Sandler PC as
special conflicts counsel.

The Noteholders Committee consisted of Capital Research and
Management Company, J.P. Morgan Investment Management, Inc., J.P.
Morgan Securities LLC, Stone Harbor Investment Partners LP and
Third Avenue Focused Credit Fund.

The Creditors Committee is comprised of Bank of New York Mellon
Corporate Trust, Stone Harbor Investment Partners, Delos
Investment Management, and Ultramar Agencia Maritima Ltda.

General Maritime emerged from Chapter 11 protection in May 2012.
The Plan reflects the terms of a global settlement among the
Company's main creditor constituencies.  The plan gives unsecured
creditors $6 million in cash, 25 of the new stock, and warrants
for another 3%, for a predicted 5.41% recovery.


IMPERIAL CAPITAL: Ends April With $36.48 Million in Cash
--------------------------------------------------------
Imperial Capital Bancorp, Inc., on May 23, 2012, filed its monthly
operating report for the month ended April 30, 2012.

Imperial Capital reported a net loss of $544,103 for the month
ended April 30, 2012.

As of April 30, 2012, the Debtor had total assets of $37.26
million, total liabilities of $99.84 million and total
stockholders' deficit of $62.58 million.

At the end of April, the Debtor had total cash of $36.48 million.

A full-text copy of the monthly operating report is available at:

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

                  About Imperial Capital Bancorp

La Jolla, California-based Imperial Capital Bancorp, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. S.D. Calif. Case No.
09-19431) on Dec. 18, 2009.  Gary E. Klausner, Esq., Eve H.
Karasik, Esq., and Gregory K. Jones, Esq., at Stutman, Treister &
Glatt, P.C., in Los Angeles, serves as the Debtor's bankruptcy
counsel.  FTI Consulting Inc. serves as its financial advisor.
The Company disclosed $40.4 million in assets and $98.7 million in
liabilities.

Tiffany L. Carroll, the U.S. Trustee for Region 15, appointed
three members to the official committee of unsecured creditors in
the Debtor's case.  David P. Simonds, Esq., and Christina M.
Padien, Esq., at Akin Gump Strauss Hauer & Feld LLP, in Los
Angeles represents the Committee as counsel.

The U.S. Bankruptcy Court last month confirmed Imperial Capital
Bancorp's Second Amended Chapter 11 Plan of Reorganization
proposed by the Debtors and HoldCo Advisors.


LEHMAN BROTHERS: Has $21.33 Billion Cash at April 30
----------------------------------------------------
Lehman Brothers Holdings Inc. disclosed these cash receipts and
disbursements of the company, its affiliated debtors and
controlled entities for the month ended April 30, 2012:

Beginning Total Cash & Investments (04/01/12)  $34,049,000,000
Total Sources of Cash                           10,015,000,000
Total Uses of Cash                             (22,757,000,000)
FX Fluctuation                                      (3,000,000)
                                                ---------------
Ending Total Cash & Investments (04/30/12)     $21,337,000,000

LBHI reported $12.373 billion in cash and investments as of
April 1, 2012, and $10.583 billion as of April 30, 2012.

The monthly operating report also showed that a total of
$22,701,000 was paid last month to the U.S Trustee and
professionals that were retained in the Debtors' Chapter 11
cases.

From September 15, 2008 to April 30, 2012, a total of
$1,670,492,000 was paid to the U.S. Trustee and professionals, of
which $535,520,000 was paid to the Debtors' turnaround manager
Alvarez & Marsal LLC while $408,346,000 was paid to their
bankruptcy counsel, Weil Gotshal & Manges LLP.

A full-text copy of the April 2012 Operating Report is available
for free at http://bankrupt.com/misc/LehmanMORApril3012.pdf

                     About Lehman Brothers

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

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

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

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

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

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

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

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  Lehman is set to make its first payment to creditors
under its $65 billion payout plan on April 17, 2012.

               International Operations Collapse

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

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

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-700)


NEBRASKA BOOK: Ends April With $81.18 Million in Cash
-----------------------------------------------------
NBC Acquisition Corp. and its affiliates, on June 5, 2012, filed
its monthly operating report for the month ended April 30, 2012.

The company posted a consolidated net loss of $6.32 million on
$17.51 million of revenue for the month ended April 30, 2012.

As of April 30, 2012, the company had total assets of $452.03
million, total liabilities of $670.14 million and total
stockholders' deficit of $218.12 million.

As of April 30, 2012, the company had total cash balance of $81.18
million.

A full-text copy of the monthly operating report is available at:

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

                        About Nebraska Book

Lincoln, Nebraska-based Nebraska Book Company, Inc., is one of the
leading providers of new and used textbooks for college students
in the United States.  Nebraska Book and seven affiliates filed
separate Chapter 11 petitions (Bankr. D. Del. Case Nos. 11-12002
to 11-12009) on June 27, 2011.  Hon. Peter J. Walsh presides over
the case.  Lawyers at Kirkland & Ellis LLP and Pachulski Stang
Ziehl & Jones LLP, serve as the Debtors' bankruptcy counsel.  The
Debtors; restructuring advisors are AlixPartners LLC; the
investment bankers are Rothschild, Inc.; the auditors are Deloitte
& Touche LLP; and the claims agent is Kurtzman Carson Consultants
LLC.  As of the Petition Date, the Debtors had consolidated assets
of $657,215,757 and debts of $563,973,688.

JPMorgan Chase Bank N.A., as administrative agent for the DIP
lenders, is represented by lawyers at Richards, Layton & Finger,
P.A., and Simpson Thacher & Bartlett LLP.  J.P. Morgan Investment
Management Inc., the DIP arranger, is represented by lawyers at
Bayard, P.A., and Willkie Farr & Gallagher LLP.

An ad hoc committee of holders of more than 50% of the Debtors'
Second Lien Notes is represented by lawyers at Brown Rudnick.  An
ad hoc committee of holders of the Debtors' 8.625% unsecured
notes are represented by Milbank, Tweed, Hadley & McCloy LLP.

The Official Committee of Unsecured Creditors selected Lowenstein
Sandler LLP and Stevens & Lee, P.C., as lawyers and Mesirow
Financial Inc. as financial advisers.

Nebraska Book has been unable to confirm a pre-packaged Chapter 11
plan that would have swapped some of the existing debt for new
debt, cash and the new stock, due to an inability to secure
$250 million in exit financing.


PINNACLE AIRLINES: Ends April With $42.73 Million in Cash
---------------------------------------------------------
Pinnacle Airlines Corp., on June 1, 2012, filed its monthly
operating report for the month ended April 30, 2012.

The company posted a net loss of $60.62 million on total operating
revenues of $84.94 million for the month ended April 30, 2012.

As of April 30, 2012, the company had total assets of $927.79
million, total liabilities of $914.52 million and total
stockholders' equity of $13.27 million.

At the beginning of April, Pinnacle Airlines had $47.10 million in
cash.  The company had total cash disbursements of $4.37 million.
As a result, at the end of the month, Pinnacle Airlines had total
cash of $42.73 million.

A full-text copy of the monthly operating report is available at:

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

                     About Pinnacle Airlines

Pinnacle Airlines Corp. (NASDAQ: PNCL) -- http://www.pncl.com/--
a $1 billion airline holding company with 7,800 employees, is the
parent company of Pinnacle Airlines, Inc.; Mesaba Aviation, Inc.;
and Colgan Air, Inc.  Flying as Delta Connection, United Express
and US Airways Express, Pinnacle Airlines Corp. operating
subsidiaries operate 199 regional jets and 80 turboprops on more
than 1,540 daily flights to 188 cities and towns in the United
States, Canada, Mexico and Belize.  Corporate offices are located
in Memphis, Tenn., and hub operations are located at 11 major U.S.
airports.

Pinnacle Airlines Inc. and its affiliates, including Colgan Air,
Mesaba Aviation Inc., Pinnacle Airlines Corp., and Pinnacle East
Coast Operations Inc. filed for Chapter 11 bankruptcy (Bankr.
S.D.N.Y. Lead Case No. 12-11343) on April 1, 2012.

Judge Robert E. Gerber presides over the case.  Lawyers at Davis
Polk & Wardwell LLP, and Akin Gump Strauss Hauer & Feld LLP serve
as the Debtors' counsel.  Barclays Capital and Seabury Group LLC
serve as the Debtors' financial advisors.  Epiq Systems -
Bankruptcy Solutions serves as the claims and noticing agent.  The
petition was signed by John Spanjers, executive vice president and
chief operating officer.

Pinnacle Airlines' balance sheet at Sept. 30, 2011, showed $1.53
billion in total assets, $1.42 billion in total liabilities and
$112.31 million in total stockholders' equity.

Delta Air Lines, Inc., the Debtors' major customer and post-
petition lender, is represented by David R. Seligman, Esq., at
Kirkland & Ellis LLP.

A seven-member official committee of unsecured creditors has been
appointed in the case.   The Committee selected Goodrich
Corporation as its chairperson.  The Committee tapped Morrison &
Foerster LLP as its counsel.  Imperial Capital, LLC, serves as the
Committee's financial advisors.


TRIDENT MICROSYSTEMS: Ends April with $348-K in Cash
----------------------------------------------------
Trident Microsystems, Inc., on June 4, 2012, filed its monthly
operating report for the period ended April 30, 2012.

The company posted a net income of $594,903 on net revenues of
$6.61 million for the period ended April 30, 2012.

As of April 30, 2012, the company had total assets of $304.92
million, total liabilities of $42.66 million and total
stockholders' equity of $262.26 million.

As of April 2, 2012, the company had $1.26 million in cash.  The
Company had total cash inflows of $485,624 and total cash outflows
of $3.55 million for the month of April.  At the end of April,
Trident Microsystems had $348,509 in cash.

A full-text copy of the monthly operating report is available at:

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

                    About Trident Microsystems

Sunnyvale, California-based Trident Microsystems, Inc., currently
designs, develops, and markets integrated circuits and related
software for processing, displaying, and transmitting high quality
audio, graphics, and images in home consumer electronics
applications such as digital TVs, PC-TV, and analog TVs, and set-
top boxes.  The Company has research and development facilities in
Beijing and Shanghai, China; Freiburg, Germany; Eindhoven and
Nijmegen, The Netherlands; Belfast, United Kingdom; Bangalore and
Hyderabad, India; Austin, Texas; and Sunnyvale, California. The
Company has sales offices in Seoul, South Korea; Tokyo, Japan;
Hong Kong and Shenzhen, China; Taipei, Taiwan; San Diego,
California; Mumbai, India; and Suresnes, France. The Company also
has operations facilities in Taipei and Kaoshiung, Taiwan; and
Hong Kong, China.

Trident Microsystems and its Cayman subsidiary, Trident
Microsystems (Far East) Ltd. filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 12-10069) on Jan. 4,
2011.  Trident said it expects to shortly file for protection in
the Cayman Islands.

Judge Christopher S. Sontchi presides over the case.  Lawyers at
DLA Piper LLP (US) serve as the Debtors' counsel.  FTI Consulting,
Inc., is the financial advisor.  Union Square Advisors LLC serves
as the Debtors' investment banker.  PricewaterhouseCoopers LLP
serves as the Debtors' tax advisor and independent auditor.
Kurtzman Carson Consultants is the claims and notice agent.

Trident had $310 million in assets and $39.6 million in
liabilities as of Oct. 31, 2011.  The petition was signed by David
L. Teichmann, executive VP, general counsel & corporate secretary.


                          *********

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.  Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Howard C. Tolentino, Joseph Medel C. Martirez, Denise
Marie Varquez, 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 2012 .  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 Peter Chapman
at 240/629-3300.

                  *** End of Transmission ***