TCR_Public/130708.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, July 8, 2013, Vol. 17, No. 187

                            Headlines

30DC INC: APP Downloads Reached One Million in One Year
AARON WOODS: Involuntary Chapter 11 Case Summary
ABUNDANT LIFE: Case Summary & 20 Largest Unsecured Creditors
ADELE BENJAMIN: Case Summary & 9 Largest Unsecured Creditors
ALLIED STONE: Case Summary & 7 Largest Unsecured Creditors

AMERICAN AIRLINES: Consumers Say Merger Cripples Competition
ASPEN GROUP: Borrows $1 Million From CEO and Chairman
ATLS ACQUISITION: Files Schedules of Assets and Liabilities
ATLS ACQUISITION: Liberty Lane Condominium Files Schedules
ATLS ACQUISITION: Liberty Lane Development Files Schedules

ATLS ACQUISITION: National Diabetic Medical Files Schedules
BVC PARTNERS I: Files Schedules of Assets and Liabilities
C MAN LLC: Case Summary & 7 Largest Unsecured Creditors
CABLEVISION SYSTEMS: Bank Debt Trades at 1% Off
CASEY ANTHONY: Wins Partial Victory in Bankruptcy Court

CFS LOGISTICS: Case Summary & 20 Largest Unsecured Creditors
CLAIRE'S STORES: Board OKs Employment Agreement with CFO
CLEAR CHANNEL: Bank Debt Trades at 9% Off
COATES INTERNATIONAL: To Spin-Off Manufacturing Operations
CRYOPORT INC: Inks Employment Agreement with President and CEO

DETROIT MASONIC: Theatre Operator Files for Chapter 11
DIGERATI TECHNOLOGIES: Files Schedules of Assets and Liabilities
EAGLE RECYCLING SYSTEMS: Files Schedules of Assets and Liabilities
EDISON MISSION: Board Adopts Revised Ethics and Compliance Code
ELBIT IMAGING: Tel Aviv Court Suspends Liquidation Request

EXCEL MARITIME: Chapter 11 Plan, Declaration Filed
FAIRFIELD SENTRY: Trustee Loses Bid To Undo $230MM Claim Sale
FAIRPOINT COMMUNICATIONS: Bank Debt Trades at 2% Off
FLORIDA GAMING: Centers Appraised Value at $76.7MM as of May 31
GELTECH SOLUTIONS: Authorized Shares Under Plan Hiked to 15MM

GELTECH SOLUTIONS: Authorized Shares Under Plan Hiked to 15MM
GETTY IMAGES: Bank Debt Trades at 1% Off
GH BROADCASTING: Involuntary Chapter 11 Case Summary
HEAT FACTORY: Case Summary & 11 Largest Unsecured Creditors
INEOS GROUP: Bank Debt Trades at 2% Off

INTELLIPHARMACEUTICS INT'L: Incurs $1.8 Million Net Loss in Q2
K-V PHARMACEUTICAL: Bankruptcy Filing Delays 2013 Form 10-K
LAKE PLEASANT GROUP: Files Schedules of Assets and Liabilities
LAKELAND INDUSTRIES: Sells China Plant for $1.4 Million
LIFE UNIFORM: Files Schedules of Assets and Liabilities

LIFE UNIFORM: Healthcare Uniform Co. Files Schedules
LIFE UNIFORM: Uniform City Nat'l Files Schedules
LIGHTSQUARED INC: Says Ergen Debt Purchases Invalidate Lender Deal
LPATH INC: To Present at 2013 JMP Healthcare Conference
M*MODAL INC: Bank Debt Trades at 3% Off

MFM DELAWARE: Can Employ King & Spalding as Counsel
MFM DELAWARE: Wants to Hire Pharus Securities as Investment Banker
MFM DELAWARE: Can Employ The Rossner Law Group as Counsel
MGM RESORTS: Bank Debt Trades at 1% Off
MILLENNIUM EDUCATIONAL: Chapter 15 Case Summary

MOBIVITY HOLDINGS: Issues Additional 8.9 Million Common Shares
MORGANS HOTEL: Yucaipa Sues Dissident Nominees to Board
MSR HOTELS: Five Mile Wants Case Converted to Chapter 7
NEC HOLDINGS: Trustee Can't Pin Downfall On Principals
NGPL PIPECO: Bank Debt Trades at 1% Off

NORTH COAST LIFE: A.M. Best Affirms 'B-' Fin'l. Strength Rating
OCEAN 4660: Has Interim Cash Use; Another Hearing on July 10
OCEAN 4660: Has Interim Okay to Hire Genovese Joblove
OCEAN 4660: July 10 Final Hearing on Bid to Employ Appraiser
OIL PATCH: Voluntary Chapter 11 Case Summary

PENSACOLA BEACH: Files Schedules of Assets and Liabilities
PRIME PROPERTIES: Section 341(a) Meeting Set on Aug. 5
PROMMIS HOLDINGS: Files Schedules of Assets and Liabilities
PROMMIS HOLDINGS: Prommis Fin Co Files Schedules
PROMMIS HOLDINGS: Prommis Solutions Files Schedules

PROMMIS HOLDINGS: Homeownership Solutions Files Schedules
PULASKI PROPERTY OWNERS: Chapter 9 Case Summary & Creditors List
ROTHSTEIN ROSENFELDT: Victims Blast $72MM TD Bank Deal, Exit Plan
PULSE ELECTRONICS: Grant Thornton Replaces KPMG Accountants
PLUG POWER: Stockholders Elect Two Directors to Board

PLUG POWER: Stockholders Re-Elect Two Directors to Board
QUANTUM CORP: To Merge Manufacturing Activities with Benchmark
RONA INC: DBRS Confirms 'BB(high)' Issuer Rating
SAN DIEGO HOSPICE: Files 1st Amended Disclosure Statement
SANUWAVE HEALTH: Amends 10.9 Million Units Prospectus

SEMGROUP LP: Ex-CEO Can't Dodge Limited Partners' Fraud Suit
SCOTTSDALE VENETIAN: Files Chap. 11 Plan & Disclosure Statement
SCOOTER STORE: Former CEO Wants Legal Fees Covered
S & K OF OCEAN CITY: Voluntary Chapter 11 Case Summary
SH & KS LLC: Case Summary & 3 Unsecured Creditors

SHOPPING.COM CORP: Case Summary & 8 Unsecured Creditors
SMART ONLINE: Extends IDB Credit Facility to May 2014
SOUTHERN DRYDOCK: Updated Case Summary & List of Creditors
SPECIALTY PRODUCTS: 3rd Circ. Asked To Nix $1B Asbestos Appeal
SPEEDEMISSIONS INC: Chief Financial Officer Quits

SPIRE CORP: Common Stock to Cease Trading on Nasdaq
SPIRIT REALTY: Declares Pro-Rated Dividend of $0.3125 Per Share
STEREOTAXIS INC: Extends Maturities of Credit Pacts to July 31
SUN BANCORP: Second Curve Held 4.7% Equity Stake at June 10
SUNTECH POWER: Has Forbearance with Note Holders Until Aug. 30

SWJ MANAGEMENT: Voluntary Chapter 11 Case Summary
SYNAGRO TECHNOLOGIES: Reaches Agreement to Pursue EQT Sale Deal
TARGETED MEDICAL: Inks Receivables Funding Pact with Cambridge
TARSIN INC: Case Summary & 20 Largest Unsecured Creditors
TC GLOBAL: Tully's Coffee Sale to Dempsey's Group Completed

TECHPRECISION CORP: Delays Annual Report but Expects Net Loss
TM REAL ESTATE: Case Summary & Unsecured Creditor
TM REAL ESTATE: Section 341(a) Meeting Scheduled for Aug. 5
TPO HESS: U.S. Trustee Appoints 3-Member Creditors' Committee
TPO HESS: Has Final Authority to Obtain Loans, Use Cash Collateral

TPO HESS: Has Authority to Employ Young Conaway as Local Counsel
TPO HESS: Gets Court OK to Employ Paul Weiss as Special Counsel
TRAINOR GLASS: Brian Welch Granted Leave to Withdraw as Counsel
TRAINOR GLASS: Has Until Aug. 31 to File Plan
TRANS ENERGY: Shareholders Elect Seven Directors

TRANS-LUX CORP: Lowers Net Loss to $304,000 in First Quarter
TRAVELPORT LLC: New $1.55-Bil. Term Loan Gets Moody's B1 Rating
TWIN STAR: Case Summary & 20 Largest Unsecured Creditors
TXU CORP: Bank Debt Due Oct. 2017 Trades at 30% Off
UNIGENE LABORATORIES: Files Chapter 7 Bankruptcy Petition

UNITEK GLOBAL: Obtains $75MM Funding Commitment From Apollo
VIRGIN MEDIA: Bank Debt Trades at 1% Off
VITESSE SEMICONDUCTOR: Columbia Pacific Holds 5.2% Equity Stake
VUZIX CORP: Stockholders Elect Five Directors
VYCOR MEDICAL: Fountainhead Held 66.7% Equity Stake at June 27

VYSTAR CORP: Buys All Outstanding Ownership Interest of Kiron
WALTER ENERGY: Bank Debt Trades at 3% Off
WARNER MUSIC: Completes Acquisition of Parlophone Label Group
WARNER SPRINGS: Gets Plan Filing Deadline Extended to Aug. 8
WAVE SYSTEMS: Board Approves 1-for-4 Reverse Stock Split

WEST AIRPORT PALMS: Case Summary & 8 Largest Unsecured Creditors
WEST SIDE COMMUNITY: Updated Case Summary & List of Creditors
WORLD IMPORTS: Furniture Seller Seeks Chapter 11 Protection
XZERES CORP: Marquam Asset Held 5% Equity Stake at May 20

* 8th Cir. Appoints Katherine Constantine as Minn. Bankr. Judge
* Banks Seek to Ease Tensions With CFPB
* Citigroup to Pay Fannie Mae $968 Million over Mortgage Claims
* EU Accuses 13 Banks of Hampering CDS Competition
* Two Loan Originator Officers Get Jail Time for $28MM Fraud

* Fed, FDIC Release 4 Banks' 'Living Will' Outlines
* EU Lawmakers Want Banks' Trading Split From Deposits
* Payroll Cards Are Under Scrutiny by New York's Attorney General
* Deadline on Trading Rules Abroad Splits CFTC
* Requiring Defendants to Admit Guilt Will Be Costly for SEC

* HSBC's $1.9B Deal over Drug-Money Laundering Charges Approved

* BOND PRICING -- For Week From July 1 to 5, 2013

                            *********

30DC INC: APP Downloads Reached One Million in One Year
-------------------------------------------------------
30DC, Inc., said that total App downloads for publications created
using the MagCast digital publishing platform have passed the one
million mark.  The total number of individual issues of newspapers
and magazines downloaded is significantly higher given that some
of the initial magazines published in conjunction with the launch
of MagCast just 12 months ago have published ten or more issues.

30DC management believes that one million App downloads is a
significant milestone since almost all MagCast publications were
created from scratch, not digital replicas of established print
publications with name recognition and a natural, built-in native
audience.  This clearly indicates that 30DC's MagCast network is
quickly becoming one of the world's top networks for startup
independent digital publications.  Currently, there are
approximately 400 available MagCast publication Apps, in a wide
variety of niches, and as MagCast continues to expand its market
there are additional Apps coming online on a regular basis.

MagCast is a complete from A to Z business system, including
everything needed for making money selling content and
successfully setting up a mobile business, and was created by
marketers for marketers.  MagCast also has the most competitive
pricing of all the major platforms focused on Apple Newsstand,
where currently 95 percent of digital media subscriptions occur.
This is a direct result of almost 600 million iOS users with
credit cards on file available to make purchases in two seconds or
less.  MagCast charges a low all-inclusive monthly fee of $297 per
month, and does not charge additional distribution service fees
for each individual publication download.  MagCast does not
require a large staff or additional costs and fees to create and
distribute a typical MagCast publication.

Dr. Pinskier commented further, "We see MagCast as a revolutionary
communications tool almost like a next generation blog tool.  We
have first mover opportunity with respect to using our platform
for this purpose and our potential target audience is in the tens
of millions of customers.  In many ways, we are the digital
publishing platform for the masses.  Every entrepreneur, blogger,
aspiring writer, website owner, and content creator is now a
potential customer."

A copy of the press release is available for free at:

                       http://is.gd/LMZYse

                          About 30DC Inc.

New York-based 30DC, Inc., provides Internet marketing services
and related training to help Internet companies in operating their
businesses.  It operates in two divisions, 30 Day Challenge and
Immediate Edge.

30DC's annual report for the fiscal year ended June 30, 2012,
shows net income of $32,207 on $2.91 million of total revenue as
compared with a net loss of $1.44 million on $1.89 million of
total revenue the year before.

As of June 30, 2012, the Company had $2.83 million in total
assets, $3 million in total liabilities and a $165,270 total
stockholders' deficiency.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended June 30,
2012.  The independent auditors noted that the Company has a
working capital deficit and stockholders' deficiency as of
June 30, 2012.


AARON WOODS: Involuntary Chapter 11 Case Summary
------------------------------------------------
Alleged Debtor: Aaron L. Woods
                  aka Woodland Poperties LLC (Defunct)
                1500 Ocean Blvd #511
                Long Beach, CA 90802

Case No.: 13-27043

Involuntary Chapter 11 Petition Date: July 1, 2013

Court: Central District of California (Los Angeles)

Judge: Peter Carroll

Aaron L. Woods's petitioners:

  Petitioner             Nature of Claim        Claim Amount
  ----------             ---------------        ------------
Don William Maisel       non-payment of         $49,500
1099 S Rimwood Dr        personal loan per
Anaheim, CA 92807        written agreement

Laura McKinney           non-payment of         $9,000
1751 E Roseville         personal loan per
Pkwy 421                 written agreement
Roseville, CA 96661

Shaun Tait               non-payment of         $75,000
1099 S Rimwood Dr        personal loan per
Anaheim, CA 92807        written agreement


ABUNDANT LIFE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Abundant Life 122012 Trust
        5077-109 Fruitville Road, #133
        Sarasota, FL 34232

Bankruptcy Case No.: 13-08803

Chapter 11 Petition Date: July 2, 2013

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

Judge: Catherine Peek McEwen

Debtor's Counsel: Miriam L. Sumpter Richard, Esq.
                  FRESH START LAW FIRM, INC.
                  505 East Jackson Street, Suite 303
                  Tampa, FL 33602
                  Tel: (813) 387-7724
                  Fax: (813) 387-7727
                  E-mail: miriam@freshstartlawfirm.com

Scheduled Assets: $2,329,300

Scheduled Liabilities: $5,724,974

A list of the Company's 20 largest unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/flmb13-8803.pdf

The petition was signed by Aleksandr F. Filipskiy, co-trustee.


ADELE BENJAMIN: Case Summary & 9 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Adele Benjamin, LLC
        1122 SE Kings Bay Drive
        Crystal River, FL 34429-4645

Bankruptcy Case No.: 13-04141

Chapter 11 Petition Date: July 2, 2013

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

Judge: Jerry A. Funk

Debtor's Counsel: G Richard Chamberlin, Esq.
                  GEORGE RICHARD CHAMBERLIN, P.A.
                  P.O. Box 380
                  Williston, FL 32696
                  Tel: (352) 528-0018
                  E-mail: grichardchamberlin@gmail.com

Scheduled Assets: $1,086,347

Scheduled Liabilities: $3,353,750

A list of the Company's nine largest unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/flmb13-4141.pdf

The petition was signed by Michael Herron, managing partner.


ALLIED STONE: Case Summary & 7 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Allied Stone, LLC
        850 Wilson Street
        Fennimore, WI 53809

Bankruptcy Case No.: 13-13353

Chapter 11 Petition Date: July 2, 2013

Court: United States Bankruptcy Court
       Western District of Wisconsin (Madison)

Judge: Robert D. Martin

Debtor's Counsel: Eliza M. Reyes, Esq.
                  KREKELER STROTHER, S.C.
                  2901 West Beltline Highway, Suite 301
                  Madison, WI 53713
                  Tel: (608) 258-8555
                  Fax: (608) 258-8299
                  E-mail: ereyes@ks-lawfirm.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 seven largest unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/wiwb13-13353.pdf

The petition was signed by John Rutkowski, managing member.


AMERICAN AIRLINES: Consumers Say Merger Cripples Competition
------------------------------------------------------------
Sindhu Sundar of BankruptcyLaw360 reported that the planned merger
between American Airlines Inc. and US Airways Group Inc. faces yet
another challenge as a group of 40 consumers sued the companies,
claiming the $11 billion deal would drastically reduce competition
and raise fares if it is allowed through.

According to the report, in a complaint filed in California
federal court, the plaintiffs, represented by antitrust firm the
Alioto Law Firm, claimed the consolidation would aggravate the
increasing monopoly within the airline market.

                      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.

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.

The Retiree Committee is represented by Jenner & Block LLP's
Catherine L. Steege, Esq., Charles B. Sklarsky, Esq., and Marc B.
Hankin, Esq.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced a
definitive merger agreement under which the companies will combine
to create a premier global carrier, which will have an implied
combined equity value of approximately $11 billion.  The deal is
subject to clearance by U.S. and foreign regulators and by the
bankruptcy judge overseeing AMR's bankruptcy case.

In April 2013, AMR filed a Chapter 11 plan of reorganization that
will carry out the merger.  By distributing stock in the merged
airlines, the plan is designed to pay all creditors in full, with
interest. The hearing before the Court to consider confirmation of
the Plan is scheduled for Aug. 15, 2013.

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).


ASPEN GROUP: Borrows $1 Million From CEO and Chairman
-----------------------------------------------------
Michael Mathews, the chief executive officer and chairman of the
Board of Directors of Aspen Group, Inc., loaned Aspen Group $1
million and was issued a $1 million Promissory Note due Dec. 31,
2013.  The promissory note bears 10 percent interest per annum,
payable monthly in arrears.

                         About Aspen Group

Denver, Colo.-based Aspen Group, Inc., was founded in Colorado in
1987 as the International School of Information Management.  On
Sept. 30, 2004, it was acquired by Higher Education Management
Group, Inc., and changed its name to Aspen University Inc.  On
May 13, 2011, the Company formed in Colorado a subsidiary, Aspen
University Marketing, LLC, which is currently inactive.  On
March 13, 2012, the Company was recapitalized in a reverse merger.

Aspen's mission is to become an institution of choice for adult
learners by offering cost-effective, comprehensive, and relevant
online education.  Approximately 88% of the Company's degree-
seeking students (as of June 30, 2012) were enrolled in graduate
degree programs (Master or Doctorate degree program).  Since 1993,
the Company has been nationally accredited by the Distance
Education and Training Council, a national accrediting agency
recognized by the U.S. Department of Education.

Aspen Group incurred a net loss of $6.01 million in 2012, as
compared with a net loss of $2.13 million in 2011.  The Company's
balance sheet at March 31, 2013, showed $3.19 million in total
assets, $2.70 million in total liabilities, and $490,101 in total
stockholders' equity.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has a net loss allocable to common stockholders
and net cash used in operating activities in 2012 of $6,048,113
and $4,403,361, respectively, and has an accumulated deficit of
$11,337,104 as of December 31, 2012.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


ATLS ACQUISITION: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
ATLS Acquisition LLC has filed with the U.S. Bankruptcy Court for
the District of Delaware its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property              $485,561
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $40,263,562
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                                $0
                                  -----------     -----------
        TOTAL                        $485,561     $40,263,562

A copy of the schedules is available for free at
http://bankrupt.com/misc/LIBERTY_MEDICAL_sal_j.pdf

                     About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10262) on Feb. 15, 2013, just less than
three months after a management buy-out and amid a notice by the
lender who financed the transaction that it's exercising an option
to acquire the business.

Liberty has been in business for 22 years serving the needs of
both type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

The Debtors have tapped Greenberg Traurig, LLP as counsel; Ernst &
Young LLP to provide investment banking advice; and Epiq
Bankruptcy Solutions, LLC, as claims and noticing agent for the
Clerk of the Bankruptcy Court.


ATLS ACQUISITION: Liberty Lane Condominium Files Schedules
----------------------------------------------------------
Liberty Lane Condominium Association, Inc., affiliate of ATLS
Acquisition, LLC, filed with the U.S. Bankruptcy Court for the
District of Delaware its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $40,263,562
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                                $0
                                  -----------     -----------
        TOTAL                              $0     $40,263,562

A copy of the schedules is available for free at
http://bankrupt.com/misc/LIBERTY_MEDICAL_sal_b.pdf

                     About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10262) on Feb. 15, 2013, just less than
three months after a management buy-out and amid a notice by the
lender who financed the transaction that it's exercising an option
to acquire the business.

Liberty has been in business for 22 years serving the needs of
both type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

The Debtors have tapped Greenberg Traurig, LLP as counsel; Ernst &
Young LLP to provide investment banking advice; and Epiq
Bankruptcy Solutions, LLC, as claims and noticing agent for the
Clerk of the Bankruptcy Court.


ATLS ACQUISITION: Liberty Lane Development Files Schedules
----------------------------------------------------------
Liberty Lane Development Company, Inc. filed with the U.S.
Bankruptcy Court for the District of Delaware its schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $40,263,562
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                                $0
                                  -----------     -----------
        TOTAL                               $0    $40,263,562

A copy of the schedules is available for free at
http://bankrupt.com/misc/LIBERTY_MEDICAL_sal_c.pdf

                     About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10262) on Feb. 15, 2013, just less than
three months after a management buy-out and amid a notice by the
lender who financed the transaction that it's exercising an option
to acquire the business.

Liberty has been in business for 22 years serving the needs of
both type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

The Debtors have tapped Greenberg Traurig, LLP as counsel; Ernst &
Young LLP to provide investment banking advice; and Epiq
Bankruptcy Solutions, LLC, as claims and noticing agent for the
Clerk of the Bankruptcy Court.


ATLS ACQUISITION: National Diabetic Medical Files Schedules
-----------------------------------------------------------
National Diabetic Medical Supply, LLC, filed with the U.S.
Bankruptcy Court for the District of Delaware its schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $40,263,562
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                                $0
                                  -----------     -----------
        TOTAL                               $0    $40,263,562

A copy of the schedules is available for free at
http://bankrupt.com/misc/LIBERTY_MEDICAL_sal_d.pdf

                     About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10262) on Feb. 15, 2013, just less than
three months after a management buy-out and amid a notice by the
lender who financed the transaction that it's exercising an option
to acquire the business.

Liberty has been in business for 22 years serving the needs of
both type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

The Debtors have tapped Greenberg Traurig, LLP as counsel; Ernst &
Young LLP to provide investment banking advice; and Epiq
Bankruptcy Solutions, LLC, as claims and noticing agent for the
Clerk of the Bankruptcy Court.


BVC PARTNERS I: Files Schedules of Assets and Liabilities
---------------------------------------------------------
BVC Partners I, LLC filed with the U.S. Bankruptcy Court for the
Middle District of Florida its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                        $0
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                      $165,869,688
                                  -----------     -----------
        TOTAL                              $0    $165,869,688

A copy of the schedules is available for free at
http://bankrupt.com/misc/BVC_PARTNERS_sal.pdf

When it Chapter 11 petition, the Debtor estimated assets and debts
of at least $10 million.  In its schedule, the Debtor disclosed it
holds a fee simple interest in "Lot 1 and portions of 2, and
Tracts "A" and "B", RUBY LAKE, in Orange County, Florida.

                        About BVC Partners I

Orlando, Florida-based BVC Partners I, LLC, and two affiliates
filed separate Chapter 11 petitions (Bankr. M.D. Fla. Case No.
13-07396) on June 14, 2013.  In its petition, BVC Partners I
estimated $10 million to $50 million in both assets and debts.
Sham Maharaj signed the petition as managing member.

The other debtor-affiliates are BVC Partners X, LLC (Case No.
13-07398) and BVC Partners XII, LLC (Case No. 13-07403).

Jeffrey Ainsworth, Esq., at Law Office of Robert B. Branson, P.A.,
serves as the Debtors' counsel.


C MAN LLC: Case Summary & 7 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: C Man LLC
        919 North Sunset Ave.
        West Covina, CA 91790

Bankruptcy Case No.: 13-27167

Chapter 11 Petition Date: July 2, 2013

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

Judge: Sandra R. Klein

Debtor's Counsel: Stephen R Wade, Esq.
                  THE LAW OFFICES OF STEPHEN R WADE
                  350 W Fourth St.
                  Claremont, CA 91711
                  Tel: (909) 985-6500
                  Fax: (909) 399-9900
                  E-mail: laurel@srwadelaw.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 seven largest unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/cacb13-27167.pdf

The petition was signed by C. David Benfield, president.


CABLEVISION SYSTEMS: Bank Debt Trades at 1% Off
-----------------------------------------------
Participations in a syndicated loan under which Cablevision
Systems Corp is a borrower traded in the secondary market at 98.60
cents-on-the-dollar during the week ended Friday, July 5, 2013
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents a drop of
0.58 percentage points from the previous week, The Journal
relates.  Cablevision Systems Corp pays 250 basis points above
LIBOR to borrow under the facility.  The bank loan matures on
April 9, 2020.  The bank debt carries Moody's Baa3 rating and
Standard & Poor's BBB- rating.  The loan is one of the biggest
gainers and losers among 255 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

Headquartered in Bethpage, New York, Cablevision Systems
Corporation serves approximately 2.9 million video customers, 2.8
million high speed data customers, and 2.3 million voice customers
in and around the New York metropolitan area. Cablevision is the
direct parent of CSC Holdings, LLC (CSC), which also owns Newsday
LLC, the publisher of Newsday and other niche publications.


CASEY ANTHONY: Wins Partial Victory in Bankruptcy Court
-------------------------------------------------------
Gillian Spear, writing for NBC News, reported that a Florida
bankruptcy judge granted, in part, Casey Anthony's request to
dismiss the charges filed against her by a nonprofit organization
that aided in the search for her daughter.

According to the report, the plaintiff, Texas EquuSearch,
organizes search efforts for missing persons and claims that in
2008, it spent over $100,000 searching for Anthony's daughter,
Caylee Marie Anthony, who was presumed missing at the time.

In documents provided by the court, Texas EquuSearch stated that
Anthony enlisted the organization's help in the search for her
daughter even though she knew at the time the 2-year-old girl was
dead, the report said.

Caylee's body was later found discovered, at which point Anthony
claimed her daughter had drowned in the family's swimming pool,
the report related.

Anthony was charged with Caylee's murder but was acquitted in a
high-profile trial in 2011, the report recalled. She was convicted
of four misdemeanors, two of which were reversed on appeal, for
lying to law enforcement.

                        About Casey Anthony

Casey Marie Anthony, 26, was acquitted of murder in July 2011 in
the death of her daughter, Caylee.  She was released from jail
several days later and disappeared from the spotlight.

Anthony filed for Chapter 7 bankruptcy (Bankr. M.D. Fla. Case No.
13-00922) in Tampa, Florida, on Jan. 25, 2013, claiming $1,000
in assets and $792,000 in liabilities, most of those attorney's
fees and costs.

In February, Bankruptcy Judge K. Rodney May ruled against a motion
by Zenaida Gonzalez, who's suing Ms. Anthony for defamation, to
relocate the case to Orlando.


CFS LOGISTICS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: CFS Logistics, Inc.
        3410 Oak Lake Boulevard
        Charlotte, NC 28208

Bankruptcy Case No.: 13-31468

Chapter 11 Petition Date: July 2, 2013

Court: United States Bankruptcy Court
       Western District of North Carolina (Charlotte)

Judge: J. Craig Whitley

Debtor's Counsel: Richard S. Wright, Esq.
                  MOON WRIGHT & HOUSTON, PLLC
                  227 W. Trade Street, Suite 1800
                  Charlotte, NC 28202
                  Tel: (704) 944-6564
                  Fax: (704) 944-0380
                  E-mail: rwright@mwhattorneys.com

Estimated Assets: $0 to $50,000

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/ncwb13-31468.pdf

The petition was signed by Cathy Fisher, president.


CLAIRE'S STORES: Board OKs Employment Agreement with CFO
--------------------------------------------------------
The Compensation Committee of Claire's Stores, Inc.'s Board of
Directors approved an employment agreement with the Company's
Global Executive Vice President and Chief Financial Officer, Per
Brodin.  The agreement sets forth in writing the terms of Mr.
Brodin's employment arrangement that were agreed to at the time of
his hire in February 2008, as those terms have been modified over
time.

The Employment Agreement contains the following terms: a base
salary of $555,000; a bonus opportunity of between 25 percent and
175 percent of base salary depending upon the level of achievement
of performance goals; and eligibility to receive option grants as
determined by the Company's Compensation Committee.  Mr. Brodin is
entitled to expense reimbursement and other customary employee
benefits.

Mr. Brodin has agreed not to engage in competitive and similar
activities or solicit customers or clients until the later of one
year following his termination of employment or the end of the
period during which he is entitled to severance pay, and his
agreement provides for customary protection of confidential
information and intellectual property.

Mr. Brodin's employment will be for one year (terminating on
June 30, 2014) and automatic renewal for successive one-year
periods unless either Mr. Brodin or the Company provides notice of
non-renewal.

A copy of the Employment Agreement is available for free at:

                        http://is.gd/1B13wJ

                       About Claire's Stores

Claire's Stores, Inc. -- http://www.clairestores.com/-- operates
as a specialty retailer of fashion accessories and jewelry for
preteens and teenagers, as well as for young adults in North
America and internationally.  It offers jewelry products that
comprise costume jewelry, earrings, and ear piercing services; and
accessories, including fashion accessories, hair ornaments,
handbags, and novelty items.

Based in Pembroke Pines, Florida, Claire's Stores operates under
two brands: Claire's(R), which operates worldwide and Icing(R),
which operates only in North America.  As of Jan. 31, 2009,
Claire's Stores, Inc., operated 2,969 stores in North America and
Europe.  Claire's Stores also operates through its subsidiary,
Claire's Nippon, Co., Ltd., 213 stores in Japan as a 50:50 joint
venture with AEON, Co., Ltd.  The Company also franchises 198
stores in the Middle East, Turkey, Russia, South Africa, Poland
and Guatemala.

Claire's Stores disclosed net income of $1.28 million on $1.55
billion of net sales for the fiscal year ended Feb. 2, 2013, as
compared with net income of $11.63 million on $1.49 billion of net
sales for the fiscal year ended Jan. 28, 2012.  As of May 4, 2013,
the Company had $2.87 billion in total assets, $2.92 billion in
total liabilities and $47.85 million stockholders' deficit.

                         Bankruptcy Warning

The Company said the following statement in its annual report for
the fiscal year ended Feb. 2, 2013.

"If we are unable to generate sufficient cash flow and are
otherwise unable to obtain funds necessary to meet required
payments of principal, premium, if any, and interest on our
indebtedness, or if we otherwise fail to comply with the various
covenants, including financial and operating covenants in the
instruments governing our indebtedness, we could be in default
under the terms of the agreements governing such indebtedness.  In
the event of such default:

   * the holders of such indebtedness may be able to cause all of
     our available cash flow to be used to pay such indebtedness
     and, in any event, could elect to declare all the funds
     borrowed thereunder to be due and payable, together with
     accrued and unpaid interest;

   * the lenders under our Credit Facility could elect to
     terminate their commitments thereunder, cease making further
     loans and institute foreclosure proceedings against our
     assets; and

   * we could be forced into bankruptcy or liquidation," according
     to the Company's annual report for the fiscal year ended
     Feb. 2, 2013.

                           *     *     *

As reported by the TCR on Oct. 1, 2012, Moody's Investors Service
upgraded Claire's Stores, Inc.'s Corporate Family and Probability
of Default ratings to Caa1 from Caa2.  The upgrade of Claire's
Corporate Family Rating to Caa1 reflects its ability to address
its substantial term loan maturity in 2014 by refinancing it with
a $625 million add-on to its existing senior secured first lien
notes due 2019.

Claire's Stores, Inc., carries a 'B-' corporate credit rating from
Standard & Poor's Ratings Services.


CLEAR CHANNEL: Bank Debt Trades at 9% Off
-----------------------------------------
Participations in a syndicated loan under which Clear Channel
Communications is a borrower traded in the secondary market at
91.30 cents-on-the-dollar during the week ended Friday, July 5,
2013 according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
an increase of 1.90 percentage points from the previous week, The
Journal relates.  Clear Channel Communications pays 365 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on Jan. 30, 2016.  The bank debt carries Moody's Caa1
rating and Standard & Poor's CCC+ rating.  The loan is one of the
biggest gainers and losers among 255 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

                About Clear Channel Communications

San Antonio, Texas-based Clear Channel Communications, Inc., an
indirect subsidiary of CC Media Holdings, Inc. (OTCBB: CCMO), is
one of the leading global media and entertainment companies
specializing in radio, digital, outdoor, mobile, live events, and
on-demand entertainment and information services for local
communities and providing premier opportunities for advertisers.

CC Media Holdings Inc. -- http://www.ccmediaholdings.com/-- is a
global media and entertainment company.  Its businesses include
radio and outdoor displays.

Clear Channel's balance sheet at March 31, 2013, showed $15.51
billion in total assets, $23.72 billion in total liabilities and a
$8.20 billion total shareholders' deficit.

                           *     *     *

In May 2013, Moody's Investors Service said that Clear Channel's
upsize of the term loan D to $4 billion from $1.5 billion will not
impact the Caa1 facility rating assigned.  Clear Channel's
Corporate Family Rating is unchanged at Caa2.  The outlook remains
stable.

In May, Standard & Poor's Ratings Services also announced that its
issue-level rating on San Antonio, Texas-based Clear Channel's
senior secured term loan remains unchanged at 'CCC+' following the
company's upsize of the loan to $4 billion from $1.5 billion.  The
rating on parent company CC Media Holdings remains at 'CCC+' with
a negative outlook, which reflects the risks surrounding the long-
term viability of the company's capital structure.


COATES INTERNATIONAL: To Spin-Off Manufacturing Operations
----------------------------------------------------------
Coates International, Ltd.'s Board of Directors authorized the
Company's officers to undertake the necessary steps to engage in
an intended spin-off transaction of its manufacturing operations,
including rights to its intellectual property, to Coates Hi-Tech
Engines, Ltd., a privately-held Delaware corporation.  Coates Hi-
Tech is controlled by the Company's Chief Executive Officer,
George J. Coates.

On July 2, 2013, the Company's majority shareholder approved the
spin-off transaction subject to the Company's filing with the
Securities and Exchange Commission of an Information Statement on
Schedule 14C.  The Schedule 14C will provide detailed information
regarding the spin-off transaction.

It is anticipated that the spin-off transaction would be
structured as a tax-free pro rata distribution to all shareholders
of the Company receiving common stock in Coates Hi-Tech.  The
spin-off is expected to be completed in 2013.

                    About Coates International

Based in Wall Township, N.J., Coates International, Ltd.
(OTC BB: COTE) -- http://www.coatesengine.com/-- was incorporated
on August 31, 1988, for the purpose of researching, patenting and
manufacturing technology associated with a spherical rotary valve
system for internal combustion engines.  This technology was
developed over a period of 15 years by Mr. George J. Coates, who
is the President and Chairman of the Board of the Company.

The Coates Spherical Rotary Valve System (CSRV) represents a
revolutionary departure from the conventional poppet valve.  It
changes the means of delivering the air and fuel mixture to the
firing chamber of an internal combustion engine and of expelling
the exhaust produced when the mixture ignites.

Coates International disclosed a net loss of $4.53 million on $0
of sales for the year ended Dec. 31, 2012, as compared with a net
loss of $2.99 million on $125,000 of sales for the year ended Dec.
31, 2011.  The Company's balance sheet at March 31, 2013, showed
$2.42 million in total assets, $4.92 million in total liabilities
and a $2.50 million total stockholdes' deficiency.

Cowan, Gunteski & Co., P.A., in Tinton Falls, New Jersey, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012, citing negative cash
flows from operations, recurring losses from operations, and a
stockholders' deficiency that raise substantial doubt about the
Company's ability to continue as a going concern.


CRYOPORT INC: Inks Employment Agreement with President and CEO
--------------------------------------------------------------
Cryoport, Inc., entered into an employment agreement with Jerrell
W. Shelton with respect to his employment as President and Chief
Executive Officer.  The Agreement is effective through May 14,
2017.

The Agreement provides an initial annual base salary of $300,000
during the term.  In addition, on the date of the Agreement, Mr.
Shelton was awarded options giving him the right to acquire an
aggregate of 3,902,507 shares of the Company's common stock at an
exercise price equal to the closing price of the Company's common
stock on the date of the Agreement, or $0.27 per share, and was
granted outside of the Company's incentive plans.  The option
vests immediately with respect to 162,604 shares and the remaining
right to purchase the remaining shares vests in equal monthly
installments on the fifth of each month for forty six months
beginning on July 5, 2013, and ending on May 5, 2017.  Provided
that such vesting will be accelerated on the date that the Company
files a Form 10-Q or Form 10-K indicating an income from
operations for the Company in two consecutive fiscal quarters and
immediately in the event of a change of control of the Company.

Options expire at the earlier of (a) 10 years from the date of the
Agreement, and (b) 24 months from the date of the resignation or
removal of the Mr. Shelton as Chief Executive Officer of the
Company.

A copy of the Employment Agreement is available for free at:

                        http://is.gd/C5PLgv

On June 28, 2013, the Compensation Committee of the Board of
Directors of the Company approved option grants to two officers of
the Company, Robert Stefanovich, Chief Financial Officer and Steve
Leatherman, Chief Commercial Officer to purchase 839,016 and
807,054, respectively, of the Company's common stock at an
exercise price equal to the closing price of the Company's common
stock, or $0.27 per share.  The options were granted outside of
the Company's incentive plans and vest ratably on a monthly basis
over four years, provided that such vesting would be accelerated
on the day the Company files a form 10-Q or 10-K indicating an
income from operations for the Company in two consecutive fiscal
quarters and immediately in the event of a change of control of
the Company.

                          About Cryoport

Lake Forest, Calif.-based CryoPort, Inc. (OTC BB: CYRX) provides
comprehensive solutions for frozen cold chain logistics, primarily
in the life science industries.  Its solutions afford new and
reliable alternatives to currently existing products and services
utilized for bio-pharmaceuticals and biologics, including in-vitro
fertilization, cell lines, vaccines, tissue and other commodities
requiring a reliable frozen solution.

Cryoport incurred a net loss of $6.38 million for the year ended
March 31, 2013, as compared with a net loss of $7.83 million for
the year ended March 31, 2012.  As of March 31, 2013, the Company
had $1.75 million in total assets, $3.81 million in total
liabilities and a $2.06 million total stockholders' deficit.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2013.  The independent
auditors noted that the Company has incurred recurring operating
losses and has had negative cash flows from operations since
inception.  Although the Company has cash and cash equivalents of
$563,104 at March 31, 2013, management has estimated that cash on
hand, which include proceeds from convertible bridge notes
received in the fourth quarter of fiscal 2013, will only be
sufficient to allow the Company to continue its operations into
the second quarter of fiscal 2014.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


DETROIT MASONIC: Theatre Operator Files for Chapter 11
------------------------------------------------------
Detroit Masonic Temple Theatre Company, aka Detroit Masonic Temple
Theatre, Inc., filed a Chapter 11 petition (Bankr. E.D. Mich. Case
No. 13-52914) on June 30, 2013.  The Debtor is represented by
Michael E. Baum, Esq., at Schafer and Weiner, PLLC.

The Wall Street Journal's Stephanie Gleason, citing a report by
the Detroit Free Press, reported that the Detroit Masonic Temple,
the largest Masonic temple in the world with more than 1,000
rooms, nearly had its power turned off last August.  Although it's
unclear whether the bill was ever paid, it managed to negotiate a
way to keep the lights on.

Then in April, the property was set to go into foreclosure over
$152,000 in taxes it owed when Jack White of The White Stripes
stepped to pay the bill, the WSJ report said.  Mr. White, a
Detroit native, has a long history with the temple, where his
mother worked as an usher.

Now, the venue's operator, Detroit Masonic Temple Theatre Co., is
in Chapter 11, the report added.  It's not completely clear what
the filing means for the operator and the venue, though Chapter 11
filing usually indicates a company's intent to reorganize and is
often prompted by a need to halt pending litigation.

This filing appears to have been spurred by a dispute with a live-
event company, the report related.  The Detroit Masonic Temple
Theatre Co. is asking the U.S. Bankruptcy Court in Detroit to move
a lawsuit brought against it by Planet Stage to the bankruptcy
court.  Planet Stage sued the Temple operator in January to get
$81,227.25 that Planet Stage says it's owed for a show that it put
on at the venue.

On Nov. 23, 2012, R&B artists Brian McKnight, Avant, Dave
Hollister and Mint Condition performed at the venue, the report
further related. The deal Planet Stage says it negotiated gave the
theatre operator $10,000 plus $2 per ticket. Planet Stage said it
was to receive the balance of the ticket sales by Dec. 10, 2012,
but was never paid.

Lawyers and representatives for Detroit Masonic Temple Theatre
Co., Masonic Temple Association of Detroit, Detroit Masonic Temple
couldn't be reached for comment Tuesday, according to WSJ. Detroit
Masonic Temple Theatre Co. denied in court documents that it owes
money to Planet Stage, which couldn't be reached for comment.

Detroit Masonic Temple Theatre Co. took over operations of the
venue in 2010 after Olympia Entertainment didn't renew its
contract with the Detroit Masonic Temple, which is owned by the
Masonic Temple Association of Detroit, the report said.

The Masonic Temple Association of Detroit, which owns the
property, ended its agreement with Detroit Masonic Temple Theatre
Co. in November and is also suing the company, according to a
representative from the association, WSJ further related.

                    Bankruptcy Filing Clarified

On July 3, 2013, the Detroit News falsely reported that the
Detroit Masonic Temple Theatre Co. ("DMTTC") -- the alleged
"owners" of the Detroit Masonic Temple -- had declared bankruptcy.

DMTTC is not and never has been the owner of the Detroit Masonic
Temple. The owner of the Detroit Masonic Temple is the Masonic
Temple Association of Detroit (the "MTA"), said spokesman and
special adviser to the MTA Board of Directors, Brad Dizik.

DMTTC does not have any relationship with the Detroit Masonic
Temple.  DMTTC's bankruptcy does not impact the operation of the
Detroit Masonic Temple in any way.

Indeed, last November, after removing DMTTC from the premises of
the Detroit Masonic Temple, the MTA filed a lawsuit against DMTTC
and its parent company, Halberd Holdings, LLC, asserting that
DMTTC unlawfully had attempted to assume management of the Detroit
Masonic Temple. This action is still pending in the Wayne County
Circuit Court.

Detroit Masonic Temple Association President Roger Sobran stated,
"The Detroit Masonic Temple Association has owned and operated the
Temple for 88 years and we plan to do the same for the next 88
years. We look forward to making announcements in the near future
about how the Temple plans to take a leading role in the
revitalization of the corridor and the city of Detroit. We look
forward to an exciting and promising future for the Temple."

Contact:

   Bradley Dizik
   http://www.tiberianadvisers.com/?page_id=899
   Tel: 248-321-4905


DIGERATI TECHNOLOGIES: Files Schedules of Assets and Liabilities
-----------------------------------------------------------------
Digerati Technologies Inc. filed with the U.S. Bankruptcy Court
for the Southern District of Texas its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $60,000,003
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $60,000,000
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $346,529
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $1,904,482
                                  -----------     -----------
        TOTAL                     $60,000,003     $62,251,011

A copy of the schedules is available for free at
http://bankrupt.com/misc/DIGERATI_TECHNOLOGIES_sal.pdf

                     About Digerati Technologies

Digerati Technologies, Inc., filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 13-33264) in Houston, on May 30, 2013.
Digerati Technologies, Inc. -- http://www.digerati-inc.com-- is a
provider of cloud communication services.  The Stafford, Texas-
based company said its principal assets are subsidiaries with
operations in Fairview, Montana; Williams County, North Dakota;
and San Antonio, Texas.  The Debtor disclosed $60 million in
assets and $62.5 million in liabilities as of May 29, 2013.

Bankruptcy Judge Jeff Bohm oversees the case.  Digerati is
represented by Edward L. Rothberg, Esq., at Hoover Slovacek, LLP,
in Houston.


EAGLE RECYCLING SYSTEMS: Files Schedules of Assets and Liabilities
------------------------------------------------------------------
Eagle Recycling Systems Inc. filed with the U.S. Bankruptcy Court
for the District of New Jersey its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $6,000,000
  B. Personal Property            $1,683,092
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $6,484,300
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $197,614
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $6,473,183
                                  -----------     -----------
        TOTAL                      $7,683,092      13,155,098

A copy of the schedules is available for free at
http://bankrupt.com/misc/EAGLE_RECYCLING_sal.pdf

                   About Eagle Recycling Systems

Eagle Recycling Systems and affiliate Lieze Associates Inc. sought
Chapter 11 bankruptcy protection (Bankr. D.N.J. Case Nos. 13-18412
and 13-18413) on April 19, 2013, in Newark, New Jersey.  Judge
Rosemary Gambardella oversees the case.  The Debtors have tapped
CohnReznick LLP as financial advisors; and Vincent F. Papalia,
Esq., at Saiber, LLC as counsel.  The petition was signed by
Jeffrey Marangi, authorized agent.


EDISON MISSION: Board Adopts Revised Ethics and Compliance Code
---------------------------------------------------------------
The Board of Directors of Edison Mission Energy and the Board of
Managers of Midwest Generation, LLC, adopted a revised Ethics and
Compliance Code that amended, restated, and replaced the prior
Ethics and Compliance Code applicable to EME and Midwest
Generation.  The revisions reflect the adoption of a Code of
Ethics separate from that of Edison International, clarify the
application of affiliate rules, and include technical,
administrative or other non-substantive changes.

The amendment of the Code of Ethics did not relate to or result in
any waiver, explicit or implicit, of any provision of the previous
Ethics and Compliance Code.

The Code of Ethics has been posted on the "About Us" page of EME's
Web site, at www.edisonmissionenergy.com/about.asp.

                        About Edison Mission

Santa Ana, California-based Edison Mission Energy is a holding
company whose subsidiaries and affiliates are engaged in the
business of developing, acquiring, owning or leasing, operating
and selling energy and capacity from independent power production
facilities.  EME also engages in hedging and energy trading
activities in power markets through its subsidiary Edison Mission
Marketing & Trading, Inc.

EME was formed in 1986 and is an indirect subsidiary of Edison
International.  Edison International also owns Southern California
Edison Company, one of the largest electric utilities in the
United States.

EME and its affiliates sought Chapter 11 protection (Bankr. N.D.
Ill. Lead Case No. 12-49219) on Dec. 17, 2012.

EME has reached an agreement with the holders of a majority of
EME's $3.7 billion of outstanding public indebtedness and its
parent company, Edison International EIX, that, pursuant to a plan
of reorganization and pending court approval, would transition
Edison International's equity interest to EME's creditors, retire
existing public debt and enhance EME's access to liquidity.

The Company's balance sheet at Sept. 30, 2012, showed
$8.17 billion in total assets, $6.68 billion in total liabilities
and $1.48 billion in total equity.

In its schedules, Edison Mission Energy disclosed total assets of
assets of $5,721,559,170 and total liabilities of $6,202,215,094
as of the Petition Date.

Kirkland & Ellis LLP is serving as legal counsel to EME, Perella
Weinberg Partners, LP is acting as financial advisor and McKinsey
Recovery & Transformation Services U.S., LLC is acting as
restructuring advisor.  GCG, Inc., is the claims and notice agent.

An official committee of unsecured creditors has been appointed in
the case and is represented by the law firms Akin Gump and Perkins
Coie.  The Committee also has tapped Blackstone Advisory Partners
as investment banker and FTI Consulting as financial advisor.

EME said it doesn't plan to emerge from Chapter 11 until December
2014 to receive benefits from a tax-sharing agreement with parent
Edison International Inc.


ELBIT IMAGING: Tel Aviv Court Suspends Liquidation Request
----------------------------------------------------------
The Tel Aviv District Court has suspended the liquidation request
of the trustees of Elbit Imaging Ltd.'s Series B Notes.

In addition, the Court ordered that meetings of the Company's
unsecured financial creditors for the approval of proposed
restructuring of the Company's Unsecured Financial Debt pursuant
to a plan of arrangement under Section 350 of the Israeli
Companies Law, 5759-1999, be convened by July 18, 2013, with the
preliminary meetings being held by July 16, 2013.

According to the Court's ruling, at the meetings, the creditors
will be asked to vote upon the adjusted plan of arrangement
announced by the Company on May 9, 2013.  In addition, the Court
ruled that in principle, it sees no harm, if while voting for or
against the Arrangement, the creditors will be able to vote upon
the principles of a proposal prepared by some of the
representatives of the Company's outstanding Series C, D, E, F and
1 notes, which was filed with the Court.  Nevertheless, the Court
clearly indicated that if the Arrangement is approved by the
requisite majority of creditors pursuant to Section 350, then the
approval of the Representatives' Proposal, even by a higher
majority of creditors, would not prevent the approval of the
Arrangement by the Court.  However, in the event that there will
be a doubt whether the Arrangement was duly approved and the
Representatives' Proposal is supported by the requisite majority
of creditors, then even if the creditors may not force the Company
to go back to its formal proposal, the Representatives' Proposal
may serve as an indication for an acceptable alternative
arrangement, and in that case the Company will have to reconsider
whether to pursue that solution or take the risk that a failure to
agree on the alternative arrangement might lead to liquidation.

                        About Elbit Imaging

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
hold investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Elbit Imaging disclosed a loss of NIS455.50 million on NIS671.08
million of total revenues for the year ended Dec. 31, 2012, as
compared with a loss of NIS247.02 million on NIS586.90 million of
total revenues for the year ended Dec. 31, 2011.  The Company's
balance sheet at Dec. 31, 2012, showed NIS7.09 billion in total
assets, NIS5.67 billion in total liabilities, NIS309.60 million in
equity to holders of the Company and NIS1.11 billion in
noncontrolling interest.

Brightman Almagor Zohar & Co., in Tel-Aviv, Israel, expressed
substantial doubt about Elbit Imaging's ability to continue as a
going concern following the financial results for the year ended
Dec. 31, 2012.

The Certified Public Accountants noted that in the period
commencing Feb. 1, 2013, through Feb. 1, 2014, the Company is to
repay its debenture holders NIS 599 million (principal and
interest).  "Said amount includes NIS 82 million originally
payable on Feb. 21, 2013, that its repayment was suspended
following a resolution of the Company's Board of Directors.  The
Company's Board also resolved to suspend any interest payments
relating to all the Company's debentures.  In addition, as of
Dec. 31, 2012, the Company failed to comply with certain financial
covenants relating to bank loans in the total amount as of such
date of NIS 290 million.

"These matters raise substantial doubt about the Company's ability
to continue as a going concern."


EXCEL MARITIME: Chapter 11 Plan, Declaration Filed
--------------------------------------------------
In connection with the filing of a voluntary Chapter 11 petitions
for relief in the United States Bankruptcy Court for the Southern
District of New York, Pavlos Kanellopoulos, the Chief Financial
Officer of Excel Maritime Carriers Ltd. has submitted a
declaration to the Court in support of the Debtors' Chapter 11
petitions and first day pleadings.  The declaration is available
for free at http://is.gd/xKQjJp

BankruptcyData reported that Excel Maritime Carriers filed with
the U.S. Bankruptcy Court a Joint Pre-Negotiated Chapter 11 Plan
of Reorganization.

A related Disclosure Statement was not docketed; however, the Plan
does contain a restructuring support agreement and term sheet, the
report noted.

The term sheet explains that obligations to be restructured under
the Plan will include the following:

   (i) approximately $771.1 million outstanding aggregate
       principal amount under the senior secured credit facility;

  (ii) approximately $54.6 million outstanding aggregate principal
       amount under the secured loan facility agreement;

(iii) approximately $150.0 million outstanding aggregate
       principal amount under the indenture pertaining to Excel's
       1.875% Convertible Senior Notes due October 15, 2027;

  (iv) Excel's liability under the settlement agreement among
       Excel, Bird, certain subsidiaries of Bird and Norwegian
       counterparties Iron Man AS, Coal Glory and Linda Leah;

   (v) the ISDA master agreement between Eurobank EFG Private Bank
       Luxembourg and Excel with an estimated mark-to-market
       liability amount of $2.3 million;

  (vi) ISDA master agreement between Nomura International and
       Excel with an estimated mark-to-market liability amount of
       $1.4 million; and

(vii) ISDA master agreement between Marfin Popular Bank Public
       Co., Greek Branch, and Excel with an estimated mark-to
       market liability amount of $4.1 million.

The term sheet further explains, "On the Effective Date of the
Plan, the Company shall receive $30 million cash in total funding
from two sources. Holdco shall contribute $10 million cash from
the proceeds of the Note...and $20 million shall be released to
the Company in connection with the Escrow Dispute Resolution."

                       About Excel Maritime

Based in Athens, Greece, Excel Maritime Carriers Ltd. --
http://www.excelmaritime.com/-- is an owner and operator of dry
bulk carriers and a provider of worldwide seaborne transportation
services for dry bulk cargoes, such as iron ore, coal and grains,
as well as bauxite, fertilizers and steel products.  Excel owns a
fleet of 40 vessels and, together with 7 Panamax vessels under
bareboat charters, operates 47 vessels (5 Capesize, 14 Kamsarmax,
21 Panamax, 2 Supramax and 5 Handymax vessels) with a total
carrying capacity of approximately 3.9 million DWT.  Excel Class A
common shares have been listed since Sept. 15, 2005, on the New
York Stock Exchange (NYSE) under the symbol EXM and, prior to that
date, were listed on the American Stock Exchange (AMEX) since
1998.

The company blamed financial problems on low charter rates.

The balance sheet for December 2011 had assets of $2.72 billion
and liabilities totaling $1.16 billion.  Excel owes $771 million
to secured lenders with liens on almost all assets.  There is $150
million owing on 1.875 percent unsecured convertible notes.

Excel Maritime, filed a Chapter 11 petition (Bankr. S.D.N.Y. Case
No. 13-bk- 23060) on July 1, 2013, in New York after signing an
agreement where secured lenders owed $771 million support a
reorganization plan filed alongside the petition.

Excel, which sought bankruptcy with a number of affiliates, has
tapped Skadden, Arps, Slate, Meagher & Flom LLP, as counsel;
Miller Buckfire & Co. LLC, as investment banker; and Global
Maritime Partners Inc., as financial advisor.


FAIRFIELD SENTRY: Trustee Loses Bid To Undo $230MM Claim Sale
-------------------------------------------------------------
Richard Vanderford of BankruptcyLaw360 reported that a New York
federal judge refused to allow the trustee for Fairfield Sentry
Ltd., a Bernard L. Madoff feeder fund, to undo the sale of a $230
million claim in the Madoff liquidation, rejecting his appeal.

According to the report, U.S. District Judge Alvin Hellerstein
said he would not allow Fairfield trustee Kenneth Krys to back
away from a deal in which it sold its claim against Madoff to
Farnum Place LLC, an entity owned by hedge fund The Baupost Group.

                     About Fairfield Sentry

Fairfield Sentry is being liquidated under the supervision of the
Commercial Division of the High Court of Justice in the British
Virgin Islands.  It is one of the funds owned by the Fairfield
Greenwich Group, an investment firm founded in 1983 in New York
City.  Fairfield Sentry and other Greenwich funds had among the
largest exposures to the Bernard L. Madoff fraud.

Fairfield Sentry Limited filed for Chapter 15 protection (Bankr.
S.D.N.Y. Case No. 10-13164) on June 14, 2010.

Greenwich Sentry, L.P., and an affiliate filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 10-16229) on Nov. 19, 2010,
hoping to settle lawsuits filed against it in connection with its
investments with Bernard L. Madoff.

On May 18, 2009, Irving H. Picard, the trustee liquidating the
estate of Mr. Madoff and his firm, Bernard L. Madoff Investment
Securities, LLC, filed a lawsuit against Fairfield Sentry and
Greenwich, seeking the return of US$3.55 billion that Fairfield
withdrew from Madoff during the period from 2002 to Mr. Madoff's
arrest in December 2008.  Since 1995, the Fairfield funds
invested about US$4.5 billion with BLMIS.

Mr. Picard claims that Fairfield knew or should have known about
the fraud give that it received from BLMIS unrealistically high
and consistent annual returns of between 10% and 21% in contrast
to the vastly larger fluctuations in the S&P 100 Index.

                      About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the
customers of BLMIS are in need of the protection afforded by the
Securities Investor Protection Act of 1970.  The District Court's
Protective Order (i) appointed Irving H. Picard, Esq., as trustee
for the liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP
as his counsel, and (iii) removed the SIPA Liquidation proceeding
to the Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland, J.).  Mr. Picard has retained AlixPartners LLP as claims
agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The case is before Hon. Burton Lifland.  The
petitioning creditors -- Blumenthal & Associates Florida General
Partnership, Martin Rappaport Charitable Remainder Unitrust,
Martin Rappaport, Marc Cherno, and Steven Morganstern -- assert
US$64 million in claims against Mr. Madoff based on the balances
contained in the last statements they got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan.  In June
2009, Judge Lifland approved the consolidation of the Madoff SIPA
proceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to
150 years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

Mr. Picard has made three distributions, paying more than half of
smaller claims in full and satisfying just over 50 percent of
larger customer claims totaling more than $17 billion.


FAIRPOINT COMMUNICATIONS: Bank Debt Trades at 2% Off
----------------------------------------------------
Participations in a syndicated loan under which FairPoint
Communications is a borrower traded in the secondary market at
97.70 cents-on-the-dollar during the week ended Friday, July 5,
2013 according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
an increase of 0.63 percentage points from the previous week, The
Journal relates.  FairPoint Communications pays 625 basis points
above LIBOR to borrow under the facility.  The bank loan matures
on Feb. 14, 2019.  The bank debt carries Moody's B2 rating and
Standard & Poor's B rating.  The loan is one of the biggest
gainers and losers among 255 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

                     About FairPoint Communications

FairPoint Communications, Inc. (NYSE: FRP) --
http://www.fairpoint.com/-- owns and operates local exchange
companies in 18 states offering advanced communications with a
personal touch, including local and long distance voice, data,
Internet, television and broadband services.  FairPoint is traded
on the New York Stock Exchange under the symbols FRP and FRP.BC.

FairPoint and its affiliates filed for Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 09-16335) on Oct. 26, 2009.  Rothschild
Inc. served as financial advisor for the Company; AlixPartners,
LLP, acted as the restructuring advisor; and Paul, Hastings,
Janofsky & Walker LLP served as the Company's counsel.  BMC Group
served as the claims and notice agent.

As of June 30, 2009, FairPoint reported $3.24 billion in total
assets, $321.41 million in total current liabilities, $2.91
billion in total long-term liabilities, and $1.23 million in
stockholders' equity.

Andrews Kurth served as counsel to the Official Committee of
Unsecured Creditors.  Altman Vilandrie acted as the operational
consultant to the Creditors' Committee.  Verrill Dana was the
Creditors' Committee's special regulatory counsel.  Jeffries
served as the Creditors' Committee's financial advisor.

FairPoint on Jan. 24, 2011, emerged from Chapter 11, reducing its
outstanding debt by roughly 64%, from roughly $2.8 billion --
including interest rate swap liabilities and accrued interest --
to roughly $1.0 billion.


FLORIDA GAMING: Centers Appraised Value at $76.7MM as of May 31
---------------------------------------------------------------
Florida Gaming Centers, Inc., the wholly owned subsidiary of
Florida Gaming Corporation, on June 27, 2013, received a valuation
report from Jefferies LLC.  As previously reported, Jefferies was
engaged to determine the "Net Company Value" and the "Appraised
Value" of Centers in the manner and in accordance with the terms
set forth in Section 8 of the Warrant Agreement dated as of
April 25, 2011, among Centers, the Company and certain warrant
holders named in the Warrant Agreement.

The Net Company Value and Appraised Value were required to
determine the repurchase price for the warrants issued pursuant to
the Warrant Agreement.  The Company's repurchase of the warrants
is a condition to closing the sale of Centers to Silvermark LLC
pursuant to the Stock Purchase Agreement among the Company,
Centers and Silvermark dated as of Nov. 25, 2012.

As defined in the Warrant Agreement, when calculated in accordance
with the sale of Centers, "Net Company Value" means the greater of
(i) the net proceeds resulting from the transaction and (ii) the
"Appraised Value."  "Appraised Value" means the equity value of
Centers that would be realized in a transaction between a willing
seller and a willing buyer, neither of which is acting under
compulsion and assuming each has full access to relevant
information.  The warrant repurchase price is determined by
multiplying the "Base Percentage" by the Net Company Value.  The
current Base Percentage is 35 percent.

The Report indicated an Appraised Value, as defined, of $76.7
million as of May 31, 2013.  Because this Appraised Value is
greater than the net proceeds that the Company would receive from
the Silvermark transaction, the Appraised Value would be the Net
Company Value used for determining the warrant repurchase price.
Multiplying the Net Company Value by the current Base Percentage
would result in a warrant repurchase price of $26.845 million.
Because the warrant repurchase price exceeds the proceeds the
Company expects to receive from the Stock Purchase Agreement, the
Company is evaluating its options.

On June 28, 2013, Silvermark notified the Company and Centers that
it had exercised its right to extend the expiration time under the
Stock Purchase Agreement until 11:59 P.M., E.T on July 31, 2013.

As previously disclosed, under the Third Amendment to Stock
Purchase Agreement entered into by the parties as of May 8, 2013,
if the transactions contemplated by the Stock Purchase Agreement
had not been consummated on or before May 31, 2013, then
Silvermark has the option to extend the expiration time, from time
to time, to no later than 11:59 P.M., E.T. on Aug. 30, 2013. upon
written notice to the Company.

                      About Florida Gaming

Florida Gaming Corporation operates live Jai Alai games at
frontons in Ft. Pierce, and Miami, Florida through its Florida
Gaming Centers, Inc. subsidiary.  The Company also conducts
intertrack wagering (ITW) on jai alai, horse racing and dog racing
from its facilities.  Poker is played at the Miami and Ft. Pierce
Jai-Alai, and dominoes are played at the Miami Jai-Alai.  In
addition, the Company operates Tara Club Estates, Inc., a
residential real estate development located near Atlanta in Walton
County, Georgia.  Approximately 46.2% of the Company's common
stock is controlled by the Company's Chairman and CEO either
directly or beneficially through his ownership of Freedom Holding,
Inc.  The Company is based in Miami, Florida.

Florida Gaming disclosed a net loss of $22.69 million in 2012, as
compared with a net loss of $21.76 million in 2011.

Morrison, Brown, Argiz & Farra, LLC, in Miami, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company has experienced recurring losses
from operations, cash flow deficiencies, and is in default of
certain credit facilities, all of which raise substantial doubt
about its ability to continue as a going concern.

The Company's balance sheet at March 31, 2013, showed $74.61
million in total assets, $126.27 million in total liabilities and
a $51.65 million total stockholders' deficit.


GELTECH SOLUTIONS: Authorized Shares Under Plan Hiked to 15MM
-------------------------------------------------------------
The Board of Directors of GelTech Solutions, Inc., amended its
2007 Equity Incentive Plan by increasing the authorized shares
under the Plan from 4.5 million to 15 million.  Additionally, the
automatic annual grants to non-employee directors under the Plan
were increased from (i) 50,000 to 100,000 options for service as a
director, (ii) 10,000 to 20,000 options for service as a Chairman
of a Board Committee, and (iii) 5,000 to 10,000 options for
service as a Committee member.

Also on June 27, 2013, Messrs. Michael Cordani, the Company's
chief executive officer, Michael Hull, the Company's chief
financial officer and Peter Cordani, the Company's chief
technology officer, were each granted 125,000 options exercisable
at $1.10 per share.  The options vest in three equal annual
increments with the first vesting date being June 27, 2014,
subject to continued employment on each applicable vesting date.

                           About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

"As of December 31, 2012, the Company had a working capital
deficit, an accumulated deficit and stockholders' deficit of
$1,339,923, $26,011,370 and $2,655,057, respectively, and incurred
losses from operations of $3,211,484 for the six months ended
December 31, 2012 and used cash from operations of $1,994,491
during the six months ended December 31, 2012.  In addition, the
Company has not yet generated revenue sufficient to support
ongoing operations.  These factors raise substantial doubt
regarding the Company's ability to continue as a going concern."

For the nine months ended March 31, 2013, the Company incurred a
net loss of $4.06 million on $206,880 of sales, as compared with a
net loss of $4.04 million on $304,361 of sales for the same period
a year ago.  The Company's balance sheet at March 31, 2013, showed
$1.47 million in total assets, $3.31 million in total liabilities
and a $1.83 million total stockholders' deficit.


GELTECH SOLUTIONS: Authorized Shares Under Plan Hiked to 15MM
-------------------------------------------------------------
The Board of Directors of GelTech Solutions, Inc., amended its
2007 Equity Incentive Plan by increasing the authorized shares
under the Plan from 4.5 million to 15 million.  Additionally, the
automatic annual grants to non-employee directors under the Plan
were increased from (i) 50,000 to 100,000 options for service as a
director, (ii) 10,000 to 20,000 options for service as a Chairman
of a Board Committee, and (iii) 5,000 to 10,000 options for
service as a Committee member.

Also on June 27, 2013, Messrs. Michael Cordani, the Company's
chief executive officer, Michael Hull, the Company's chief
financial officer and Peter Cordani, the Company's chief
technology officer, were each granted 125,000 options exercisable
at $1.10 per share.  The options vest in three equal annual
increments with the first vesting date being June 27, 2014,
subject to continued employment on each applicable vesting date.

                           About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

"As of December 31, 2012, the Company had a working capital
deficit, an accumulated deficit and stockholders' deficit of
$1,339,923, $26,011,370 and $2,655,057, respectively, and incurred
losses from operations of $3,211,484 for the six months ended
December 31, 2012 and used cash from operations of $1,994,491
during the six months ended December 31, 2012.  In addition, the
Company has not yet generated revenue sufficient to support
ongoing operations.  These factors raise substantial doubt
regarding the Company's ability to continue as a going concern."

For the nine months ended March 31, 2013, the Company incurred a
net loss of $4.06 million on $206,880 of sales, as compared with a
net loss of $4.04 million on $304,361 of sales for the same period
a year ago.  The Company's balance sheet at March 31, 2013, showed
$1.47 million in total assets, $3.31 million in total liabilities
and a $1.83 million total stockholders' deficit.


GETTY IMAGES: Bank Debt Trades at 1% Off
----------------------------------------
Participations in a syndicated loan under which Getty Images Inc
is a borrower traded in the secondary market at 98.90 cents-on-
the-dollar during the week ended Friday, July 5, 2013 according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a drop of 0.72
percentage points from the previous week, The Journal relates.
Getty Images Inc pays 350 basis points above LIBOR to borrow under
the facility.  The bank loan matures on Oct. 14, 2019.  The bank
debt is not rated by Moody's and Standard & Poor's.  The loan is
one of the biggest gainers and losers among 255 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Headquartered in Seattle, Wash., Getty Images is a leading creator
and distributor of still imagery, video and multimedia products,
as well as a recognized provider of other forms of premium digital
content, including music. The company was founded in 1995 and
provides stock images, music, video and other digital content
through several web sites, most notably gettyimages.com,
istockphoto.com, jupiterimages.com, and thinkstock.com. In October
2012, The Carlyle Group completed the acquisition of a controlling
indirect interest in Getty Images in a transaction valued at
approximately $3.3 billion (up from the $2.4 billion transaction
value of the prior LBO in 2008). The Carlyle Group owns
approximately 51% of the company with a trust representing certain
Getty family members owning approximately 49%. Revenues totaled an
estimated $907 million through the 12 months ended March 31, 2013.


GH BROADCASTING: Involuntary Chapter 11 Case Summary
----------------------------------------------------
Alleged Debtor: GH Broadcasting, LLC
                600 Leopard, Suite 1924
                Corpus Christi, TX 78401

Bankruptcy Case No.: 13-20308

Involuntary Chapter 11 Petition Date: July 2, 2013

Court: U.S. Bankruptcy Court
       Southern District of Texas (Corpus Christi)

Judge: Richard S. Schmidt

Debtor's Counsel: Pro Se

Petitioners' Counsel: Ronald A. Simank, Esq.
                      SCHAUER & SIMANK
                      615 Upper N. Broadway, Suite 2000
                      Corpus Christi, TX 78401-0781
                      Tel: (361) 884-2800
                      Fax: (361) 884-2822
                      E-mail: rsimank@cctxlaw.com

Creditors who signed the Chapter 11 petition:

    Petitioners                    Nature of Claim    Claim Amount
    -----------                    ---------------    ------------
Robert Behar                       Guaranty             $2,302,528
14450 Commerce Way
Miami Lakes, FL 33016

Estrella Behar                     Guaranty             $2,248,743
18911 Collins Avenue, 1807
Sunny Isles Beach, FL 33160

Pan Atlantic Bank & Trust, Ltd.    Guaranty               $974,162
Whitepark House
White Park Road
St. Michael 33016

Latin Capital Ventures, LLC        Guaranty               $759,722
14450 Commerce Way
Miami Lakes, FL 33016

Joseph Kavana                      Promissory Note        $512,644
19495 Biscayne Boulevard, Suite 705
Aventura, FL 33180

Leibowitz Family Broadcasting, LLC Guaranty               $428,604
4400 Biscayne Boulevard
Miami, FL 33137

Morris Bailey                      Promissory Note        $336,160
150 Broadway
New York, NY 10058

Jays Four, LLC                     Guaranty               $235,312
445 Park Avenue, Suite 1502
New York, NY 10022

Jesselson Grandchildren 12/18/80   Guaranty               $235,312
Trust
445 Park Avenue, Suite 1502
New York, NY 10022

Sawicki Family Ltd. Partnership    Promissory Note        $168,080
4036 Island Estates Drive
Aventura, FL 33160

Saby Behar Rev Trust 2/15/99 amend Guaranty               $147,070
1911 NE 118th Road
N. Miami, FL 33181

Benjamin J. Jesselson 12/18/80     Guaranty               $117,656
Trust
445 Park Avenue, Suite 1502
New York, NY 10022

Sumit Enterprises, LLC             Promissory Note        $107,571
14450 Commerce Way
Miami Lakes, FL 33016

Pedro Dupouy                       Guaranty                $70,594
815 NW 57th Avenue, 206
Miami, FL 33126

Shpilberg Mgmt Associates, LLC     Promissory Note         $58,828
20155 NE 38 Court, 901
Aventura, FL 33180

Leon Perez                         Promissory Note         $53,786
20201 E. County Drive, 607
Aventura, FL 33180

Jose Rodriguez                     Promissory Note         $23,786
1020 Nautica Drive
Weston, FL 33327


HEAT FACTORY: Case Summary & 11 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: The Heat Factory USA Inc.
        1958 Kellogg Ave.
        Carlsbad, CA 92008

Bankruptcy Case No.: 13-06875

Chapter 11 Petition Date: June 2, 2013

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Judge: Laura S. Taylor

Debtor's Counsel: Andrew H. Griffin, III, Esq.
                  LAW OFFICES OF ANDREW H. GRIFFIN, III
                  275 East Douglas Avenue, Suite 112
                  El Cajon, CA 92020
                  Tel: (619) 440-5000
                  Fax: (619) 440-5991
                  E-mail: Griffinlaw@mac.com

Scheduled Assets: $375,755

Scheduled Liabilities: $4,574,300

A list of the Company's 11 largest unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/casb13-6875.pdf

The petition was signed by David Treptow, president.

Affiliate that filed a separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
The Heat Factory, Inc.                 13-06076   06/12/13


INEOS GROUP: Bank Debt Trades at 2% Off
---------------------------------------
Participations in a syndicated loan under which Ineos Group Plc is
a borrower traded in the secondary market at 98.23 cents-on-the-
dollar during the week ended Friday, July 5, 2013 according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a drop of 0.61
percentage points from the previous week, The Journal relates.
Ineos Group Plc pays 300 basis points above LIBOR to borrow under
the facility.  The bank loan matures on April 23, 2018.  The bank
debt carries Moody's B1 rating and Standard & Poor's BB-rating.
The loan is one of the biggest gainers and losers among 255 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Ineos Group Holdings plc is a diversified and integrated chemicals
group headquartered in Southampton, the United Kingdom.  Ineos
reported 2007 Revenues of EUR 27.5 billion and EBIT of EUR1.2
billion.


INTELLIPHARMACEUTICS INT'L: Incurs $1.8 Million Net Loss in Q2
--------------------------------------------------------------
Intellipharmaceutics International Inc. reported a loss of $1.78
million on $0 of revenue for the three months ended May 31, 2013,
as compared with a loss of $1.35 million on $0 of revenue for the
same period a year ago.

For the six months ended May 31, 2013, the Company reported a loss
of $3.12 million on $0 of revenue, as compared with a loss of
$3.29 million on $107,091 of revenue for the same period during
the prior year.

As of May 31, 2013, the Company had $3.61 million in total assets,
$5.38 million in total liabilities and a $1.77 million
shareholders' deficiency.

A copy of the press release is available for free at:

                        http://is.gd/if9lyd

            About Intellipharmaceutics International

Intellipharmaceutics International Inc. is a pharmaceutical
company specializing in the research, development and manufacture
of novel and generic controlled-release and targeted-release oral
solid dosage drugs.

Deloitte LLP, in Toronto, Canada, expressed substantial doubt
about Intellipharmaceutics' ability to continue as a going
concern following the annual results for the period ended Nov. 30,
2012, citing the Company's recurring losses from operations and
accumulated deficit.

The Company reported a net loss of US$6.14 million on US$107,091
of research and development revenue for fiscal 2012, compared with
a net loss of US$4.88 million on US$501,814 of research and
development revenue for fiscal 2011.


K-V PHARMACEUTICAL: Bankruptcy Filing Delays 2013 Form 10-K
-----------------------------------------------------------
K-V Pharmaceutical Company notified the U.S. Securities and
Exchange Commission that it will be delayed in the filing of its
annual report on Form 10-K for the fiscal year ended March 31,
2013.  The delay was due to extensive effort and expense required
to restructure the Company's financial obligations under the
protection of the Bankruptcy Court, meet the reporting
requirements of the Bankruptcy Court and the Bankruptcy Code and
to other parties to the bankruptcy and the realignment of
personnel and responsibilities due to significant staff
reductions.

                     About K-V Pharmaceutical

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 and
generic/non-branded prescription pharmaceutical products.  The
Company markets its technology distinguished products through
ETHEX Corporation, a subsidiary that competes with branded
products, and Ther-Rx Corporation, the company's branded drug
subsidiary.

K-V Pharmaceutical Company and certain domestic subsidiaries on
Aug. 4, 2012, filed voluntary Chapter 11 petitions (Bankr.
S.D.N.Y. Lead Case No. 12-13346, under K-V Discovery Solutions
Inc.) to restructure their financial obligations.

K-V employed Willkie Farr & Gallagher LLP as bankruptcy counsel,
Williams & Connolly LLP as special litigation counsel, and SNR
Denton as special litigation counsel.  In addition, K-V tapped
Jefferies & Co., Inc., as financial advisor and investment banker.
Epiq Bankruptcy Solutions LLC is the claims and notice agent.

The U.S. Trustee appointed five members to serve in the Official
Committee of Unsecured Creditors.  Kristopher M. Hansen, Esq.,
Erez E. Gilad, Esq., and Matthew G. Garofalo, Esq., at Stroock &
Stroock & Lavan LLP, represent the Creditors Committee.

Weil, Gotshal & Manges LLP's Robert J. Lemons, Esq., and Lori R.
Fife, Esq., represent an Ad Hoc Senior Noteholders Group.


LAKE PLEASANT GROUP: Files Schedules of Assets and Liabilities
--------------------------------------------------------------
Lake Pleasant Group, LLP, filed with the U.S. Bankruptcy Court for
the District of Arizona its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $7,000,000
  B. Personal Property                $3,898
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $4,776,877
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $151,127
                                  -----------     -----------
        TOTAL                      $7,003,898      $4,928,004

A copy of the schedules is available for free at
http://bankrupt.com/misc/LAKE_PLEASANT_sal.pdf

                     About Lake Pleasant and DLGC II

Lake Pleasant Group, LLP, and affiliate DLGC II, LLC, sought
Chapter 11 protection (Bankr. D. Ariz. Case Nos. 13-09574 and
13-09576) in Phoenix on June 5, 2013.

The Debtors have tapped Wesley Denton Ray, Esq., and Philip R.
Rudd, Esq., at Polsinelli, P.C., as counsel.

LPG estimated at least $10 million in assets and liabilities.
DLGC II estimated at least $10 million in assets and liabilities
of less than $10 million.

LPG and DLGC II, LLC, first filed for Chapter 11 bankruptcy
protection (Bankr. D. Ariz. Case No. 11-10170) on April 13, 2011,
with Polsinelli PC on board as counsel.

Phoenix, Arizona-based LPG was formed for the purpose of
purchasing and developing 244 acres of real property located near
State Route 74 and Old Lake Pleasant Road in Peoria, Arizona.  In
the schedules filed in the original case, LPG disclosed assets of
$15,780,263 and liabilities of $10,301,552.


LAKELAND INDUSTRIES: Sells China Plant for $1.4 Million
-------------------------------------------------------
Lakeland Industries, Inc., sold its plant in Qingdao, China, to
Qingdao Yingzhouhai Textile International Trading Co., Ltd., for
gross proceeds of $1,425,000.  The sale was structured as a sale
of the stock of the Company's wholly-owned subsidiary, Qingdao
Lakeland Protective Products Co., Ltd.

Prior to the sale, all non-real estate assets of QD were sold or
transferred to the Company or other subsidiaries of the Company.
All operations of QD have been transferred to other subsidiaries
of the Company, including all customers, production and cash
flows.

The Company will take an accounting charge for United States taxes
for a significant amount yet to be determined as a result of this
sale, but due to its loss carryforwards will pay no cash
currently.

As a result of the sale, the Company is transferring certain fixed
assets and inventory to other Lakeland operating companies.  The
Company is evaluating whether any further write down is considered
necessary on these assets.  The Company expects an insignificant
consolidated gain or loss on the asset sale which will be
finalized shortly and reported in its Form 10-Q for the quarter
ended July 31, 2013.

A copy of the press release is available for free at:

                        http://is.gd/PP365t

                     About Lakeland Industries

Ronkonkoma, N.Y.-based Lakeland Industries, Inc., manufactures and
sells a comprehensive line of safety garments and accessories for
the industrial protective clothing market.

In its audit report on the consolidated financial statements for
the year ended Jan. 31, 2013, Warren Averett, LLC, in Birmingham,
Alabama, expressed substantial doubt about Lakeland Industries'
ability to continue as a going concern.  The independent auditors
noted that Company is in default on certain covenants of its loan
agreements at Jan. 31, 2013.  "The lenders have not waived these
events of default and may demand repayment at any time.
Management is currently trying to secure replacement financing but
does not have new financing available at the date of this report."

The Company reported a net loss of $26.3 million on $95.1 million
of net sales for the year ended Jan. 31, 2013, compared with a net
loss of $376,825 on $96.3 million of sales for the year ended
Jan. 31, 2012.


LIFE UNIFORM: Files Schedules of Assets and Liabilities
-------------------------------------------------------
Life Uniform Holding Corp. filed with the U.S. Bankruptcy Court
for the District of Delaware its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $10,695,870
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $32,497,525
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $4,323,509
                                  -----------     -----------
        TOTAL                     $10,695,870     $36,821,034

A copy of the schedules is available for free at
http://bankrupt.com/misc/LIFE_UNIFORM_sal2.pdf

                     About Life Uniform

Life Uniform was founded in 1965 when Angelica Corporation decided
to enter the retail uniform industry.  The first Life Uniform
store opened in 1965 in Clayton, Missouri.  At present, Life
Uniform is the nation's largest independently owned medical
professional supplier.

Sun Uniform LLC acquired Life Uniform in July 2004.  Since the
acquisition by Sun the company addressed sagging profitability and
overhead issues and quickly drove increases in profitability
through a combination of store rationalization and sensible
corporate overhead initiatives.  However, recent performance has
been declining in terms of revenue.  This is due to the company's
liquidity issues, which prevented the company from completing its
e-commerce system upgrade, encourage better pricing from vendors,
and maintain sufficient capital.

Life Uniform Holding Corp., Healthcare Uniform Company, Inc., and
Uniform City National Inc. filed Chapter 11 petitions (Bankr. D.
Del. Case Nos. 13-11391 to 13-11393) on May 29, 2013.  The
petitions were signed by Bryan Graiff, COO, CFO, VP, secretary,
and treasurer.  The lead debtor estimated assets and debts of at
least $10 million.

The company has signed a deal to sell all assets to Scrubs and
Beyond, LLC for $22.625 million, absent higher and better offers
at a court-sanctioned auction in July.

First lien lender CapitalSource Finance LLC is owed on a $11.5
million revolver and $26 million term loan.  CapitalSource is
represented by Brian T. Rice, Esq., at Brown Rudnick LLP; and
Jeffrey C. Wisler, Esq., at Connolly Gallagher LLP.

Sun Uniforms Finance LLC is owed $6.1 million in principal on a
second lien note and holds two additional notes, each in the
original principal of $1.08 million.  Angelica Corp. holds an
unsecured junior subordinate not in the principal amount of $5.48
million.

Klehr Harrison Harvey Branzburg, LLP, serves as the Debtors'
counsel.  Epiq Bankruptcy Solutions acts as the Debtors' claims
and noticing agent.  The Debtors' financial advisor is Capstone
Advisory Group, LLC.


LIFE UNIFORM: Healthcare Uniform Co. Files Schedules
----------------------------------------------------
Healthcare Uniform Company, Inc., an affiliate of Life Uniform
Holding Corp., filed with the U.S. Bankruptcy Court for the
District of Delaware its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $14,658,192
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $32,497,525
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $381,106
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $35,941,522
                                  -----------     -----------
        TOTAL                     $14,658,192     $68,820,155

A copy of the schedules is available for free at
http://bankrupt.com/misc/LIFE_UNIFORM_sal1.pdf

                     About Life Uniform

Life Uniform was founded in 1965 when Angelica Corporation decided
to enter the retail uniform industry.  The first Life Uniform
store opened in 1965 in Clayton, Missouri.  At present, Life
Uniform is the nation's largest independently owned medical
professional supplier.

Sun Uniform LLC acquired Life Uniform in July 2004.  Since the
acquisition by Sun the company addressed sagging profitability and
overhead issues and quickly drove increases in profitability
through a combination of store rationalization and sensible
corporate overhead initiatives.  However, recent performance has
been declining in terms of revenue.  This is due to the company's
liquidity issues, which prevented the company from completing its
e-commerce system upgrade, encourage better pricing from vendors,
and maintain sufficient capital.

Life Uniform Holding Corp., Healthcare Uniform Company, Inc., and
Uniform City National Inc. filed Chapter 11 petitions (Bankr. D.
Del. Case Nos. 13-11391 to 13-11393) on May 29, 2013.  The
petitions were signed by Bryan Graiff, COO, CFO, VP, secretary,
and treasurer.  The lead debtor estimated assets and debts of at
least $10 million.

The company has signed a deal to sell all assets to Scrubs and
Beyond, LLC for $22.625 million, absent higher and better offers
at a court-sanctioned auction in July.

First lien lender CapitalSource Finance LLC is owed on a $11.5
million revolver and $26 million term loan.  CapitalSource is
represented by Brian T. Rice, Esq., at Brown Rudnick LLP; and
Jeffrey C. Wisler, Esq., at Connolly Gallagher LLP.

Sun Uniforms Finance LLC is owed $6.1 million in principal on a
second lien note and holds two additional notes, each in the
original principal of $1.08 million.  Angelica Corp. holds an
unsecured junior subordinate not in the principal amount of $5.48
million.

Klehr Harrison Harvey Branzburg, LLP, serves as the Debtors'
counsel.  Epiq Bankruptcy Solutions acts as the Debtors' claims
and noticing agent.  The Debtors' financial advisor is Capstone
Advisory Group, LLC.


LIFE UNIFORM: Uniform City Nat'l Files Schedules
------------------------------------------------
Uniform City National, Inc., an affiliate of Life Uniform Holding
Corp., filed with the U.S. Bankruptcy Court for the District of
Delaware its schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property            $9,056,063
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $32,497,525
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $91,507
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $4,816,497
                                  -----------     -----------
        TOTAL                      $9,056,063     $37,405,530

A copy of the schedules is available for free at
http://bankrupt.com/misc/LIFE_UNIFORM_sal.pdf

                     About Life Uniform

Life Uniform was founded in 1965 when Angelica Corporation decided
to enter the retail uniform industry.  The first Life Uniform
store opened in 1965 in Clayton, Missouri.  At present, Life
Uniform is the nation's largest independently owned medical
professional supplier.

Sun Uniform LLC acquired Life Uniform in July 2004.  Since the
acquisition by Sun the company addressed sagging profitability and
overhead issues and quickly drove increases in profitability
through a combination of store rationalization and sensible
corporate overhead initiatives.  However, recent performance has
been declining in terms of revenue.  This is due to the company's
liquidity issues, which prevented the company from completing its
e-commerce system upgrade, encourage better pricing from vendors,
and maintain sufficient capital.

Life Uniform Holding Corp., Healthcare Uniform Company, Inc., and
Uniform City National Inc. filed Chapter 11 petitions (Bankr. D.
Del. Case Nos. 13-11391 to 13-11393) on May 29, 2013.  The
petitions were signed by Bryan Graiff, COO, CFO, VP, secretary,
and treasurer.  The lead debtor estimated assets and debts of at
least $10 million.

The company has signed a deal to sell all assets to Scrubs and
Beyond, LLC for $22.625 million, absent higher and better offers
at a court-sanctioned auction in July.

First lien lender CapitalSource Finance LLC is owed on a $11.5
million revolver and $26 million term loan.  CapitalSource is
represented by Brian T. Rice, Esq., at Brown Rudnick LLP; and
Jeffrey C. Wisler, Esq., at Connolly Gallagher LLP.

Sun Uniforms Finance LLC is owed $6.1 million in principal on a
second lien note and holds two additional notes, each in the
original principal of $1.08 million.  Angelica Corp. holds an
unsecured junior subordinate not in the principal amount of $5.48
million.

Klehr Harrison Harvey Branzburg, LLP, serves as the Debtors'
counsel.  Epiq Bankruptcy Solutions acts as the Debtors' claims
and noticing agent.  The Debtors' financial advisor is Capstone
Advisory Group, LLC.


LIGHTSQUARED INC: Says Ergen Debt Purchases Invalidate Lender Deal
------------------------------------------------------------------
Patrick Fitzgerald, writing for Dow Jones Newswires' Daily
Bankruptcy Review, reported that LightSquared says satellite mogul
Charlie Ergen has been "gaming" his recent purchases of hundreds
of millions of dollars of the company's debt in an effort to seize
control of the wireless company's bankruptcy case.

                    About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with
liquidity and runway necessary to resolve its issues with the FCC.
Despite working diligently and in good faith, however,
LightSquared and the lenders were not able to consummate a global
restructuring on terms acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the
financial advisor.  Kurtzman Carson Consultants LLC serves as
claims and notice agent.


LPATH INC: To Present at 2013 JMP Healthcare Conference
-------------------------------------------------------
Lpath, Inc., the industry leader in bioactive-lipid-targeted
therapeutics, will participate in the JMP Securities Healthcare
Conference in New York, taking place July 9-10, 2013.  President
and Chief Executive Officer Scott R. Pancoast will give his
presentation on Tuesday, July 9, 2013, at 2:30 p.m. EDT (11:30
a.m. PDT).  He will discuss the Company's pathway to regulatory
approval and commercialization of its novel therapeutics,
including its anti-S1P antibody iSONEPTM which, in partnership
with Pfizer, is being studied in the Phase 2 Nexus Study as a
potential treatment for wet AMD.

The presentation will be webcast live and available for replay for
30 days on the Lpath, Inc., corporate Web site under the "calendar
of events" page.  To access the live webcast through the internet,
log onto the Lpath, Inc. "calendar of events" page at
http://phx.corporate-ir.net/phoenix.zhtml?c=197881&p=irol-calendar
at least 15 minutes prior to the presentation to download and
install any necessary software.

                         About Lpath, Inc.

San Diego, Calif.-based Lpath, Inc. is a biotechnology company
focused on the discovery and development of lipidomic-based
therapeutics, an emerging field of medical science whereby
bioactive lipids are targeted to treat human diseases.

Lpath disclosed a net loss of $2.75 million in 2012, as compared
with a net loss of $3.11 million in 2011.  The Company's balance
sheet at March 31, 2013, showed $23.04 million in total assets,
$9.17 million in total liabilities and $13.87 million in total
stockholders' equity.


M*MODAL INC: Bank Debt Trades at 3% Off
---------------------------------------
Participations in a syndicated loan under which M*Modal Inc is a
borrower traded in the secondary market at 97.50 cents-on-the-
dollar during the week ended Friday, July 5, 2013 according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a drop of 0.55
percentage points from the previous week, The Journal relates.
M*Modal Inc pays 550 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Aug. 20, 2019.  The bank debt
carries Moody's B1 rating and Standard & Poor's B+ rating.   The
loan is one of the biggest gainers and losers among 255 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.


MFM DELAWARE: Can Employ King & Spalding as Counsel
---------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has granted
MFM Delaware, Inc., and MFM Industries, Inc., permission to employ
King & Spalding LLP as counsel, nunc pro tunc to May 24, 2013.

As bankruptcy and restructuring counsel to the Debtors, K&S is
expected to, among other things:

  (1) advise the Debtors on their powers and duties as debtors-in-
      possession in the continued management and operation of
      their business;

  (2) take all necessary action to protect and preserve the
      Debtors' estates;

  (3) negotiate and prepare on the Debtors' behalf a plan,
      disclosure statement, and all related documents; and

  (4) advise the Debtors on finance and finance-related matters,
      and on intellectual property rights and licensing
      strategies.

To the best of the Debtors' knowledge, K&S neither holds nor
represents any interest adverse to their estates.  The Debtors
believe K&S is a "disinterested person" within the meaning of Sec.
101(14) and 327(a) of the Bankruptcy Code.

The current standard hourly rates of attorney's resident in K&S's
New York and Atlanta offices range from a low of $290 per hour for
the firm's most junior associates to as much as $1,150 per hour
for certain of the firm's most senior partners, and the current
standard hourly rates of paralegals and legal assistants resident
in K&S's New York and Atlanta offices range from a low of $160 to
a high of $315.

The K&S professionals and paraprofessionals expected to be most
active in the Debtors' cases and their current hourly rates are:

     Arthur J, Steinberg, Partner, New York    $1,090 per hour
     Jeff Dutson, Associate, Atlanta           $500 per hour
     Annie R. Carroll, Associate, Atlanta      $385 per hour
     Missy Heinz, Senior Paralegal, Atlanta    $285 per hour

The firm also expects to be reimbursed for actual and necessary
expenses it incurs in line with the services to be rendered.

                       About MFM Industries

Cat litter maker MFM Delaware, Inc., and affiliate MFM Industries,
Inc., sought Chapter 11 protection (Bankr. D. Del. Case No.
13-11359 and 13-11360) on May 28, 2013.

Founded in 1964 as a clay-based absorbents supplier, MFM is
supplier of cat litter in the U.S.  The Company produces 100,000
tons of cat litter a year, representing 1 percent of the total
market.  Its private label market share is 20 percent.  The
company's cat litter products are comprised of a blend of fuller's
earth clay, sodium bentonite and scenting properties.   Clay is
supplied from a leased clay mine in Ocala, Florida, and is
transported five miles away to the company's manufacturing plant
in Reddick, Florida.  Direct Capital Partners, LLC, acquired a
majority stake in the Company in 1997.


MFM DELAWARE: Wants to Hire Pharus Securities as Investment Banker
------------------------------------------------------------------
MFM Delaware, Inc., and MFM Industries, Inc., ask the Bankruptcy
Court's permission to employ Pharus Securities, LLC, as investment
banker nunc pro tunc to June 14, 2013.

Pharus will perform the following services for or on behalf of the
Debtors:

   a. Analyzing and recommending a basic transaction strategy;

   b. Identifying potential buyers and developing a strategy for
      approaching such prospects; initiating and maintaining
      contact with prospective buyers;

   c. Assisting management in the preparation of materials and
      supporting analyses to present to potential buyers;

   d. Contacting or following-up with potential buyers to
      determine preliminary interest;

   e. Analyzing and advising on the offers received for the
      Debtors;

   f. Facilitating potential buyer due diligence, including
      conducting site visits, assisting in management
      presentations, organizing and maintaining a due diligence
      document room, and attending and supervising due diligence
      sessions;

   g. Assisting the Debtors in the selection of a "stalking horse"
      bidder, including negotiation of the key financial and other
      terms of such an offer;

   h. Assisting the Debtors in conducting an auction once the
      stalking horse bid is in place;

   i. If requested, providing testimony and/or other written
      support to the Bankruptcy Court in connection with the
      bankruptcy proceedings;

   j. Assisting in negotiations to reach an agreement in principle
      and/or definitive agreement; and

   k. Performing other financial advisory services customary for
      transactions of this nature.

Under the Engagement Letter, the Debtors have agreed to pay Pharus
the following fees:

     * Success Fee: Upon closing of a Transaction, the Debtors
will pay Pharus a fee equal to a percentage of the Gross Sale
Proceeds implied by the purchase price of the Debtors or other
part or parts of the Debtors as follows: 1.75% of Gross Sale
Proceeds up to $20.0 million; plus 2.75% of the incremental Gross
Sale Proceeds in excess of $20.0 million.  Pharus will be entitled
to the Success Fee upon consummation of a Transaction, during the
term of the Engagement Letter or, subject to certain conditions,
within 6 months after the effective date of termination of the
Engagement Letter.

     * Payment if No Success Fee is Due: In the event that no
Success Fee is due and payable to Pharus under the Engagement
Letter, Pharus will be entitled to a retainer fee in the amount of
$12,500 for each full month that Pharus is engaged by the Debtors.
The aggregate Retainer Fee payments received by Pharus will in no
event exceed $62,500.  The Retainer Fees will be due and payable
upon the earlier of: (i) the closing of any sale of substantially
all of the Debtors' assets that does not trigger payment of a
Success Fee; (ii) five business days after the effective date of
the Debtors' plan of reorganization (which plan does not trigger
payment of a Success Fee); or (iii) conversion of the Debtors'
cases to one under Chapter 7 of the Bankruptcy Code (provided that
no Success Fee is due at the time of, or has been paid prior to,
conversion).

To the best of the Debtors' knowledge, the managing directors,
senior directors, directors, vice presidents, senior associates,
associates, analysts, and administration of Pharus: (a) do not
have any connection with the Debtors or their affiliates, their
creditors, the U.S. Trustee, or any person employed in the office
of the U.S. Trustee, or any other party in interest, or their
respective attorneys and accountants, (b) are "disinterested
persons," as that term is defined in Section 101(14) of the
Bankruptcy Code, and (c) do not hold or represent any interest
adverse to the Debtors' estates.

                       About MFM Industries

Cat litter maker MFM Delaware, Inc., and affiliate MFM Industries,
Inc., sought Chapter 11 protection (Bankr. D. Del. Case No.
13-11359 and 13-11360) on May 28, 2013.

Founded in 1964 as a clay-based absorbents supplier, MFM is
supplier of cat litter in the U.S.  The Company produces 100,000
tons of cat litter a year, representing 1 percent of the total
market.  Its private label market share is 20 percent.  The
company's cat litter products are comprised of a blend of fuller's
earth clay, sodium bentonite and scenting properties.   Clay is
supplied from a leased clay mine in Ocala, Florida, and is
transported five miles away to the company's manufacturing plant
in Reddick, Florida.  Direct Capital Partners, LLC, acquired a
majority stake in the Company in 1997.


MFM DELAWARE: Can Employ The Rossner Law Group as Counsel
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
MFM Delaware, Inc., and MFM Industries, Inc., to employ The
Rossner Law Group LLC as the Debtors' bankruptcy counsel, nunc pro
tunc to May 24, 2013.

As reported in the TCR on June 20, 2013, the Debtors anticipate
RLG to, among other things:

  (1) advise them of their rights, powers and duties as debtors
      and debtors-in-possession;

  (2) take all necessary action to protect and preserve the
      estates of the Debtors;

  (3) prepare on behalf of the Debtors all necessary motions,
      applications, answers, orders, reports, and papers in
      connection with the administration of the Debtors' estates;
      and

  (4) present on behalf of the Debtors anticipated sale and cash
      collateral financing motions and all related transactions
      and any related revisions, amendments, etc.

The RLG principal attorneys and paralegal presently designated to
represent the Debtors and their current hourly rates are:

          Frederick B. Rosner, attorney      $375/hour
          Scott J. Leonhardt, attorney       $325/hour
          Julia B. Klien, attorney           $250/hour
          Paralegals                         $150-200/hour

Frederick Rosner, Esq., assures the Court that his firm does not
represent any interest adverse to that of the Debtors.

                       About MFM Industries

Cat litter maker MFM Delaware, Inc., and affiliate MFM Industries,
Inc., sought Chapter 11 protection (Bankr. D. Del. Case No.
13-11359 and 13-11360) on May 28, 2013.

Founded in 1964 as a clay-based absorbents supplier, MFM is
supplier of cat litter in the U.S.  The Company produces 100,000
tons of cat litter a year, representing 1 percent of the total
market.  Its private label market share is 20 percent.  The
company's cat litter products are comprised of a blend of fuller's
earth clay, sodium bentonite and scenting properties.   Clay is
supplied from a leased clay mine in Ocala, Florida, and is
transported five miles away to the company's manufacturing plant
in Reddick, Florida.  Direct Capital Partners, LLC, acquired a
majority stake in the Company in 1997.


MGM RESORTS: Bank Debt Trades at 1% Off
---------------------------------------
Participations in a syndicated loan under which MGM Resorts is a
borrower traded in the secondary market at 98.98 cents-on-the-
dollar during the week ended Friday, July 5, 2013 according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a drop of 0.46
percentage points from the previous week, The Journal relates.
MGM RESORTS pays 250 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Dec. 20, 2019.  The bank debt
carries Moody's Ba2 rating and Standard & Poor's BB rating.  The
loan is one of the biggest gainers and losers among 255 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.


MILLENNIUM EDUCATIONAL: Chapter 15 Case Summary
-----------------------------------------------
Chapter 15 Debtor: Millennium Educational &
                   Research Charitable Foundation
                     fka Thomas C. Assaly Charitable Foundation
                   404 Bank Street
                   Ottawa, ON K2P 1Y5
                   Canada

Chapter 15 Case No.: 13-25913

Chapter 15 Petition Date: July 3, 2013

Court: Southern District of Florida (West Palm Beach)

Chapter 15 Debtor's Counsel: Edward M Fitzgerald, Esq.
                             HOLLAND & KNIGHT LLP
                             200 S Orange Ave #2600
                             P.O. Box 1526
                             Orlando, FL 32802
                             Tel: (407) 425-8500
                             Fax: (407) 244-5288
                             E-mail: edward.fitzgerald@hklaw.com

Estimated Assets: $500,001 to $1,000,000

Estimated Debts: $0 to $50,000

The petition was signed by Brian Doyle, president of Doyle
Salewski Inc.


MOBIVITY HOLDINGS: Issues Additional 8.9 Million Common Shares
--------------------------------------------------------------
Mobivity Holdings Corp. consummated the second and third closings
of the transactions contemplated by the Securities Purchase
Agreement and the Note Conversion Agreement dated June 17, 2013.

The Company issued an aggregate of 7,805,000 shares of its common
stock to the investors in the Securities Purchase Agreement for
gross proceeds of $1,561,000.  In addition, the Company issued an
aggregate of 1,158,504 shares of its common stock to the investors
in the Note Conversion Agreement in exchange for the cancellation
of Notes in the aggregate principal amount of $217,218 and
aggregate accrued interest of $14,483.  The Company also issued
Warrants to purchase an aggregate of 903,280 shares of the
Company's common stock to the investors in the Note Conversion
Agreement.

On June 20, 2013, Mobivity Holdings reported the first closing of
its private placement transactions in which the Company closed on
$5,795,000 of its common stock financing and closed on the
conversion of $5,218,208 of aggregate principal and accrued but
unpaid interest.

Emerging Growth Equities, Ltd., acted as placement agent for the
private placement and received $100,520 in commissions from the
Company for the two closings.  In addition, EGE also received
Warrants to purchase 502,600 shares of the Company's common stock,
exercisable for a period of five years from the closing date, at
an exercise price of $0.20 per share.

                      About Mobivity Holdings

Mobivity Holdings Corp. was incorporated as Ares Ventures
Corporation in Nevada in 2008.  On Nov. 2, 2010, the Company
acquired CommerceTel, Inc., which was wholly-owned by CommerceTel
Canada Corporation, in a reverse merger.  Pursuant to the Merger,
all of the issued and outstanding shares of CommerceTel, Inc.,
common stock were converted, at an exchange ratio of 0.7268-for-1,
into an aggregate of 10,000,000 shares of the Company's common
stock, and CommerceTel, Inc., became a wholly owned subsidiary of
the Company.  In connection with the Merger, the Company changed
its corporate name to CommerceTel Corporation on Oct. 5, 2010.
In connection with the Company's acquisition of assets from
Mobivity, LLC, the Company changed its corporate name to Mobivity
Holdings Corp. and its operating company to Mobivity, Inc, on
Aug. 23, 2012.

Mobivity Holdings disclosed a net loss of $7.33 million in 2012,
as compared with a net loss of $16.31 million in 2011.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012, citing recurring operating losses and
negative cash flows from operations and dependence on additional
financing to fund operations which raise substantial doubt about
the Company's ability to continue as a going concern.

The Company's balance sheet at March 31, 2013, showed $3.25
million in total assets, $10.25 million in total liabilities, all
current, and a $6.99 million total stockholders' deficit.

                         Bankruptcy Warning

"...[A]ll of our assets are currently subject to a first priority
lien in favor of the holders of our outstanding convertible notes
payable in the current aggregate principal amount of $4,521,378.
The notes are due on October 15, 2013, if we are unable to repay
or refinance our obligations under those notes by October 15,
2013, the holders of the notes will have the right to foreclose on
their security interests and seize our assets.  To avoid such an
event, we may be forced to seek bankruptcy protection, however a
bankruptcy filing would, in all likelihood, materially adversely
affect our ability to continue our current level of operations.
In the event we are not able to refinance or repay the notes, but
negotiate for a further extension of the maturity date of the
notes, we may be required to pay significant extension fees in
cash or shares of our equity securities or otherwise make other
forms of concessions that may adversely impact the interests of
our common stockholders."


MORGANS HOTEL: Yucaipa Sues Dissident Nominees to Board
-------------------------------------------------------
Ronald Burkle filed a suit against the dissident nominees to the
board of directors of Morgans Hotel Group Co. put forward by OTK
Associates, a Morgans shareholder, and against OTK.  Mr. Burkle
owns The Yucaipa Companies, an investment firm that is the largest
stakeholder in Morgans.

The complaint, filed in federal court in the Southern District of
New York, alleges that the defendants engaged in federal proxy
rule violations during the recent contest for control of the
Morgans board.  In particular, the defendants are accused of
making materially false and misleading statements and omissions in
describing the recommendations of the country's two leading proxy
advisory firms, Glass Lewis & Co. and Institutional Shareholder
Services Inc., which led to a tainted election.  The complaint
seeks a new election for the Morgans board of directors.

Last week Yucaipa sued Morgans in New York state court for
Morgans' breach of its agreements with Yucaipa.  Yucaipa is the
largest stakeholder in Morgans, through ownership of all of the
Company's outstanding preferred stock, over 50 percent of its
convertible notes, and warrants for 12.5 million shares of common
stock.  Mr. Burkle personally owns common stock of Morgans.

                    About Morgans Hotel Group

Based in New York, Morgans Hotel Group Co. (Nasdaq: MHGC) --
http://www.morganshotelgroup.com/-- is widely credited as the
creator of the first "boutique" hotel and a continuing leader of
the hotel industry's boutique sector.  Morgans Hotel Group
operates and owns, or has an ownership interest in, Morgans,
Royalton and Hudson in New York, Delano and Shore Club in South
Beach, Mondrian in Los Angeles and South Beach, Clift in San
Francisco, Ames in Boston, and Sanderson and St Martins Lane in
London.  Morgans Hotel Group and an equity partner also own the
Hard Rock Hotel & Casino in Las Vegas and related assets.  Morgans
Hotel Group also manages hotels in Isla Verde, Puerto Rico and
Playa del Carmen, Mexico.  Morgans Hotel Group has other property
transactions in various stages of completion, including projects
in SoHo, New York and Palm Springs, California.

The Company incurred a net loss attributable to common
stockholders of $66.81 million in 2012, a net loss attributable to
common stockholders of $95.34 million in 2011, and a net loss
attributable to common stockholders of $89.96 million in 2010.

The Company's balance sheet at March 31, 2013, showed $583.62
million in total assets, $731.82 million in total liabilities,
$6.32 million in redeemable noncontrolling interest of
discontinued operations and a $154.52 million total deficit.


MSR HOTELS: Five Mile Wants Case Converted to Chapter 7
-------------------------------------------------------
Maria Chutchian of BankruptcyLaw360 reported that Five Mile
Capital Partners LLC urged a New York judge to convert the
bankruptcy case of Paulson & Co.'s real estate investment trust
MSR Hotels & Resorts Inc., to a Chapter 7 liquidation, saying
MSR's directors can't be trusted to produce the best results for
creditors.

According to the report, the alternative investment fund, which
labels itself as one of MSR's largest creditors, said in court
papers that the MSR bankruptcy requires a trustee to oversee the
proceedings because its own management is conflicted.

                          About MSR Hotels

MSR Hotels & Resorts, Inc., returned to Chapter 11 by filing a
voluntary bankruptcy petition (Bankr. S.D.N.Y. Case No. 13-11512)
on May 8, 2013 in Manhattan.  MSR Hotels & Resorts, formerly known
as CNL Hospitality Properties, Inc., and as CNL Hotels & Resorts,
Inc., listed $500,001 to $1 million in assets, and $50 million to
$100 million in liabilities in its petition.

Paul M. Basta, Esq., at Kirkland & Ellis, LLP, represents the
Debtor.

MSR Resorts sought Chapter 11 bankruptcy to thwart a lawsuit by
lender Five Mile Capital Partners that claims it is owed tens of
millions of dollars related to the recent sale of several luxury
resorts.  MSR Hotels will seek to sell its remaining assets and
wind down.

MSR Hotels, formerly known as CNL Hotels & Resorts Inc., owned a
portfolio of eight luxury hotels with over 5,500 guest rooms.  On
Jan. 28, 2011, CNL-AB LLC acquired the equity interests in the
portfolio through a foreclosure proceeding.  CNL-AB LLC is a joint
venture consisting of affiliates of Paulson & Co. Inc., a joint
venture affiliated with Winthrop Realty Trust, and affiliates of
Capital Trust, Inc.

Morgan Stanley's CNL Hotels & Resorts Inc. owned the resorts
before the Jan. 28 foreclosure.

Following the acquisition, five of the resorts with mortgage debt
scheduled to mature on Feb. 1, 2011, were sent to Chapter 11
bankruptcy by the Paulson and Winthrop joint venture affiliates.
Then known as MSR Resort Golf Course LLC, the company and its
affiliates filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 11-10372) in Manhattan on Feb. 1, 2011.  The resorts
subject to the 2011 filings were Grand Wailea Resort and Spa,
Arizona Biltmore Resort and Spa, La Quinta Resort and Club and PGA
West, Doral Golf Resort and Spa, and Claremont Resort and Spa.

In the 2011 petitions, the five resorts had $2.2 billion in assets
and $1.9 billion in debt as of Nov. 30, 2010.  In its 2011
schedules, MSR Resort disclosed $59,399,666 in total assets and
$1,013,213,968 in total liabilities.

In the 2011 bankruptcy, James H.M. Sprayregen, P.C., Esq., Paul M.
Basta, Esq., Edward O. Sassower, Esq., and Chad J. Husnick, Esq.,
at Kirkland & Ellis, LLP, served as the Debtors' bankruptcy
counsel.  Houlihan Lokey Capital, Inc., acted as the Debtors'
financial advisor.  Kurtzman Carson Consultants LLC acted as the
Debtors' claims agent.

The Official Committee of Unsecured Creditors in the 2011 case was
represented by Martin G. Bunin, Esq., and Craig E. Freeman, Esq.,
at Alston & Bird LLP, in New York.

In March 2012, the Debtors won Court approval to sell the Doral
Golf Resort to Trump Endeavor 12 LLC, an affiliate of Donald
Trump's Trump Organization LLC, for $150 million.  An auction was
held in February that year but no other bids were received.

The 2011 Debtors won approval of a bankruptcy-exit plan in
February this year.  That plan was predicated on the sale of the
remaining four resorts by the Government of Singapore Investment
Corp. -- the world's eighth-largest sovereign wealth fund,
according to the Sovereign Wealth Fund Institute -- for $1.5
billion.

U.S. Bankruptcy Judge Sean Lane, who oversaw the 2011 cases,
overruled Plan objections by the U.S. Internal Revenue Service and
investor Five Mile.  The IRS and Five Mile alleged that the sale
created a tax liability of as much as $331 million that may not be
paid.

Bloomberg News reported that the exit plan provides for repayment
of 96% of secured debt and 100% of general unsecured debt.  Five
Mile stood to lose about $58 million, including investments by
pension funds and other parties, David Friedman, Esq., a lawyer
for Five Mile, said during the Plan approval hearing, according to
Bloomberg.

That Plan was declared effective on Feb. 28, 2013.

On April 9, 2013, Five Mile sued Paulson & Co. executives and MSR
Hotels in New York state court, alleging they (i) mishandled the
company's intellectual property and other assets in a bankruptcy
sale, and failed to get the best price for the assets, and (ii)
owe Five Mile $58.7 million on a loan.  According to a Reuters
report, Five Mile seeks $58.7 million representing sums owed,
including interest and costs, plus at least $100 million for
breach of fiduciary duty, gross negligence and corporate waste.


NEC HOLDINGS: Trustee Can't Pin Downfall On Principals
------------------------------------------------------
Stewart Bishop of BankruptcyLaw360 reported that a New York judge
threw out a case brought by the Chapter 7 trustee for NEC Holdings
Corp. and a former board member who alleged the self-interest of
several principals of the envelope maker led to its demise,
finding the business judgment rule precludes the action.

According to the report, the New York Supreme court Judge O. Peter
Sherwood issued his order pursuant to the law of Delaware, where
NEC was incorporated.

                        About NEC Holdings

Uniondale, New York-based National Envelope Corporation was
the largest manufacturer of envelopes in the world with
14 manufacturing facilities and 2 distribution centers and
approximately 3,500 employees in the U.S. and Canada.

NEC Holdings Corp., together with affiliates, including National
Envelope Inc., filed for Chapter 11 (Bankr. D. Del. Lead Case No.
10-11890) on June 10, 2010.  Kara Hammond Coyle, Esq., at Young
Conaway Stargatt & Taylor LLP, served as bankruptcy counsel to the
Debtors.  David S. Heller, Esq., at Josef S. Athanas, Esq., and
Stephen R. Tetro II, Esq., at Latham & Watkins LLP, served as
co-counsel.  The Garden City Group is the claims and notice agent.
Bradford J. Sandler, Esq., and Robert J. Feinstein, Esq., at
Pachuiski Stang Ziehl & Jones LLP, represented the Official
Committee of Unsecured Creditors.  Morgan Joseph & Co., Inc.,
served as the financial advisor to the Committee.  NEC Holdings
estimated assets and debts of $100 million to $500 million in its
Chapter 11 petition.

In September 2010, National Envelope's key assets were bought in
a roughly $208 million deal by The Gores Group LLC, a West Coast
private equity firm that manages about $2.9 billion of capital.

Judge Peter J. Walsh on Dec. 12, 2011, approved NEC Holdings'
request to convert its Chapter 11 case into a full liquidation.
Judge Walsh approved NEC's October request to liquidate the
remainder of its assets, which the company said was necessary
because it was quickly running out of cash to cover the remaining
claims against it, including the cleanup of a New Jersey
manufacturing site.


NGPL PIPECO: Bank Debt Trades at 1% Off
---------------------------------------
Participations in a syndicated loan under which NGPL PipeCo LLC is
a borrower traded in the secondary market at 98.83 cents-on-the-
dollar during the week ended Friday, July 5, 2013 according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a drop of 1.07
percentage points from the previous week, The Journal relates.
NGPL PipeCo LLC pays 550 basis points above LIBOR to borrow under
the facility.  The bank loan matures on May 4, 2018.  The bank
debt carries Moody's B2 rating and Standard & Poor's B rating.
The loan is one of the biggest gainers and losers among 255 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

NGPL PipeCo. LLC is a holding company for Natural Gas Pipeline
Company of America and other interstate natural gas pipeline
assets. NGPL is 80% owned by Myria Acquisition LLC and 20% owned
and operated by Kinder Morgan, Inc., based in Houston Texas.


NORTH COAST LIFE: A.M. Best Affirms 'B-' Fin'l. Strength Rating
---------------------------------------------------------------
A.M. Best Co. has upgraded the financial strength rating (FSR) to
B+ (Good) from B- (Fair) and issuer credit rating (ICR) to "bbb-"
from "bb-" of North Coast Life Insurance Company (North Coast)
(Spokane, WA). The outlook for both ratings is stable.

A.M. Best also has affirmed the FSR of A- (Excellent) and the ICR
of "a-" of North Coast's parent, Government Personnel Mutual Life
Insurance Company (GPM) (San Antonio, TX). The outlook for both
ratings is stable.

The rating upgrades for North Coast reflect an improvement in the
quality of its investment portfolio, growth in its risk-adjusted
capitalization, improved quality of capital following its
acquisition by GPM and its favorable history of pre-tax operating
earnings. Offsetting rating factors include North Coast's
continued high level of interest rate risk, limited business
profile and modest scope of operations.

Following North Coast's ratings upgrade, further positive rating
actions may occur if risk-adjusted capital levels improve,
integration with GPM is viewed as successful by A.M. Best,
allowing further rating enhancement, or its business profile is
expanded successfully. Negative rating actions may occur if
integration is unsuccessful, risk-adjusted capital deteriorates or
operating performance weakens.

The rating affirmations for GPM reflect its military personnel and
senior market niche, positive operating performance and favorable
risk-adjusted capitalization. Partially offsetting factors include
challenges to improve operating performance and maintain growth
momentum in its core life insurance business, somewhat high level
of real estate linked assets and somewhat modest statutory
operating returns.

A.M. Best believes GPM is well positioned at its current rating
level. Future negative rating actions could occur if there were a
material decline in GPM's risk-adjusted capitalization level
and/or operating performance.


OCEAN 4660: Has Interim Cash Use; Another Hearing on July 10
------------------------------------------------------------
The Hon. John K. Olson of the U.S. Bankruptcy Court for the
Southern District of Florida, in a first interim order, gave Ocean
4660 LLC authority to use cash collateral which secured creditor
Comerica Bank asserts an interest.

The Debtor will be authorized to use cash collateral to operate
its business until July 10, 2013, unless otherwise terminated.

As interim adequate protection for the extent of the Debtor's use
of cash collateral, Comerica will be provided (i) a replacement
lien on and in all property acquired or generated postpetition by
the Debtor; and (ii) an administrative expense claim.

A continued hearing on the motion will be held on July 10, at
9:30 a.m.

                        About Ocean 4660

Ocean 4660, LLC, owner of a beachfront property operated as the
Lauderdale Beachside Hotel in Lauderdale-by-the-Sea, Florida,
filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 13-23165)
in its hometown on June 2, 2013.  Rick Barreca signed the petition
as chief restructuring officer.

Judge John K. Olson presides over the case.  John H. Genovese,
Esq., at Genovese Joblove & Battista, P.A., serves as the Debtor's
counsel.  RKJ Hotel Management, LLC, serves as hotel manager and
RKJ's Rick Barreca has been tapped as the chief restructuring
officer.

The Lauderdale Beachside Hotel features a beach-front location,
two five-story interior corridor buildings (east and west), 147
guest rooms, a beach front tiki bar and grill, a large adjoining
restaurant and commercial kitchen space and on-site parking.
The restaurant space and the tiki bar and grill are unoccupied.
The occupancy rates have generally been between 40 percent and 70
percent occupancy.  Room rates are $40 to $80 per night.

The Company disclosed $15,762,871 in assets and $16,587,678 in
liabilities as of the Chapter 11 filing.


OCEAN 4660: Has Interim Okay to Hire Genovese Joblove
-----------------------------------------------------
The Hon. John K. Olson of the U.S. Bankruptcy Court for the
Southern District of Florida authorized, on an interim basis,
Ocean 4660, LLC, to employ John H. Genovese, Esq., and the law
firm of Genovese Joblove & Battista, P.A., as general bankruptcy
counsel under a general retainer.

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

A final hearing is set for July 10, 2013 at 9:30 a.m.

                        About Ocean 4660

Ocean 4660, LLC, owner of a beachfront property operated as the
Lauderdale Beachside Hotel in Lauderdale-by-the-Sea, Florida,
filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 13-23165)
in its hometown on June 2, 2013.  Rick Barreca signed the petition
as chief restructuring officer.

Judge John K. Olson presides over the case.  RKJ Hotel Management,
LLC, serves as hotel manager and RKJ's Rick Barreca has been
tapped as the chief restructuring officer.

The Lauderdale Beachside Hotel features a beach-front location,
two five-story interior corridor buildings (east and west), 147
guest rooms, a beach front tiki bar and grill, a large adjoining
restaurant and commercial kitchen space and on-site parking.
The restaurant space and the tiki bar and grill are unoccupied.
The occupancy rates have generally been between 40 percent and 70
percent occupancy.  Room rates are $40 to $80 per night.

The Company disclosed $15,762,871 in assets and $16,587,678 in
liabilities as of the Chapter 11 filing.


OCEAN 4660: July 10 Final Hearing on Bid to Employ Appraiser
------------------------------------------------------------
The Hon. John K. Olson of the U.S. Bankruptcy Court for the
Southern District of Florida authorized, on an interim basis,
Ocean 4660, LLC, to employ John Lancet, MAI and HVS Consulting and
Valuation as appraiser.  To the best of the Debtor's knowledge,
Mr. Lancet and the firm hold no interest adverse to the estate in
the matters upon which they are engaged.

A final hearing is scheduled for July 10, 2013 at 9:30 a.m.

                        About Ocean 4660

Ocean 4660, LLC, owner of a beachfront property operated as the
Lauderdale Beachside Hotel in Lauderdale-by-the-Sea, Florida,
filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 13-23165)
in its hometown on June 2, 2013.  Rick Barreca signed the petition
as chief restructuring officer.

Judge John K. Olson presides over the case.  John H. Genovese,
Esq., at Genovese Joblove & Battista, P.A., serves as the Debtor's
counsel.  RKJ Hotel Management, LLC, serves as hotel manager and
RKJ's Rick Barreca has been tapped as the chief restructuring
officer.

The Lauderdale Beachside Hotel features a beach-front location,
two five-story interior corridor buildings (east and west), 147
guest rooms, a beach front tiki bar and grill, a large adjoining
restaurant and commercial kitchen space and on-site parking.
The restaurant space and the tiki bar and grill are unoccupied.
The occupancy rates have generally been between 40 percent and 70
percent occupancy.  Room rates are $40 to $80 per night.

The Company disclosed $15,762,871 in assets and $16,587,678 in
liabilities as of the Chapter 11 filing.


OIL PATCH: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Oil Patch Brazos Valley, Inc.
        22614 N. Highway 288-B
        Angleton, TX 77515

Bankruptcy Case No.: 13-34177

Chapter 11 Petition Date: July 2, 2013

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Jeff Bohm

Debtor's Counsel: Matthew Scott Okin, Esq.
                  OKIN & ADAMS LLP
                  1113 Vine Street, Suite 201
                  Houston, TX 77002
                  Tel: (713) 228-4100
                  Fax: (888) 865-2118
                  E-mail: mokin@okinadams.com

Estimated Assets: $10,000,001 to $50,000,000

Estimated Debts: $10,000,001 to $50,000,000

The petition was signed by Wright Gore, III, COO.

The Debtor did not file its list of largest unsecured creditors
when it filed its petition.


PENSACOLA BEACH: Files Schedules of Assets and Liabilities
----------------------------------------------------------
Pensacola Beach, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of Florida Pensacola Division its schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $21,500,000
  B. Personal Property            $1,023,252
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $16,379,872
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $247,942
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                           $27,523
                                  -----------     -----------
        TOTAL                     $22,523,252     $16,655,337

A copy of the schedules is available for free at
http://bankrupt.com/misc/PENSACOLA_BEACH_sal.pdf

                     About Pensacola Beach

Gulf Breeze, Florida-based Pensacola Beach, LLC, aka Springhill
Suites by Marriott Pns Beach, filed for Chapter 11 bankruptcy
(Bankr. N.D. Fla. Case No. 13-30569) on May 2, 2013.  Judge
William S. Shulman oversees the case.  Sherry F. Chancellor, Esq.,
at The Law Office of Sherry F. Chancellor, serves as the Debtor's
counsel.  The Debtor also tapped Mark J. Proctor and Travis P.
Lepicier and the law firm of Levin, Papantonio, Thomas, Mitchell,
Rafferty and Proctor, P.A., as attorneys in regard to the British
Petroleum/Deep Water Horizon Oil Spill claims.

In its petition, Pensacola Beach estimated $10 million to $50
million in both assets and debts.  The petition was signed by
David Brannen, managing member.


PRIME PROPERTIES: Section 341(a) Meeting Set on Aug. 5
------------------------------------------------------
A meeting of creditors in the bankruptcy case of Prime Properties
of New York, Inc., will be held on Aug. 5, 2013, at 10:00 a.m. at
271-C Cadman Plaza East, Room 4529, in Brooklyn, New York.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Prime Properties of New York, Inc., filed a Chapter 11 petition
(Bankr. E.D.N.Y. Case No. 13-44020) on June 28, 2013.


PROMMIS HOLDINGS: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
Prommis Holdings, LLC, filed with the U.S. Bankruptcy Court for
the District of Delaware its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property               Unknown
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $73,979,885
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                           Unknown
                                  -----------     -----------
        TOTAL                              $0     $73,979,885

A copy of the schedules is available for free at
http://bankrupt.com/misc/PROMMIS_HOLDINGS_salb.pdf

                     About Prommis Holdings

Atlanta, Georgia-based Prommis Holdings, LLC, and its 10
affiliates delivered their petitions for voluntary bankruptcy
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 13-10551) on March 18, 2013.

Three subsidiaries -- EC Closing Corp., EC Closing Corp. of
Washington, and EC Posting Closing Corp. -- sought Chapter 11
protection (Bankr. D. Del. Case Nos. 13-11619 to
13-11621) on June 25, 2013.

Judge Brendan Linehan Shannon presides over the case.  Steven K.
Kortanek, Esq., at Womble Carlyle Sandridge & Rice, LLP, serves as
the Debtors' counsel, while Kirkland & Ellis LLP serves as co-
counsel.  The Debtors' restructuring advisor is Huron Consulting
Services, LLC.  Donlin Recano & Company, Inc., is the Debtors'
claims agent.

The petition estimated the lead Debtors' assets to range between
$10 million and $50 million and the lead Debtor's debts between
$50 million and $100 million.  The petitions were signed by
Charles T. Piper, chief executive officer.

The U.S. Trustee for Region 3 appointed three creditors to serve
in the Official Committee of Unsecured Creditors.


PROMMIS HOLDINGS: Prommis Fin Co Files Schedules
------------------------------------------------
Prommis Fin Co. filed with the U.S. Bankruptcy Court for the
District of Delaware its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property               UNKNOWN
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $73,979,885
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                           UNKNOWN
                                  -----------     -----------
        TOTAL                              $0     $73,979,885

A copy of the schedules is available for free at
http://bankrupt.com/misc/PROMMIS_HOLDINGS_salc.pdf

                     About Prommis Holdings

Atlanta, Georgia-based Prommis Holdings, LLC, and its 10
affiliates delivered their petitions for voluntary bankruptcy
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 13-10551) on March 18, 2013.

Three subsidiaries -- EC Closing Corp., EC Closing Corp. of
Washington, and EC Posting Closing Corp. -- sought Chapter 11
protection (Bankr. D. Del. Case Nos. 13-11619 to
13-11621) on June 25, 2013.

Judge Brendan Linehan Shannon presides over the case.  Steven K.
Kortanek, Esq., at Womble Carlyle Sandridge & Rice, LLP, serves as
the Debtors' counsel, while Kirkland & Ellis LLP serves as co-
counsel.  The Debtors' restructuring advisor is Huron Consulting
Services, LLC.  Donlin Recano & Company, Inc., is the Debtors'
claims agent.

The petition estimated the lead Debtors' assets to range between
$10 million and $50 million and the lead Debtor's debts between
$50 million and $100 million.  The petitions were signed by
Charles T. Piper, chief executive officer.

The U.S. Trustee for Region 3 appointed three creditors to serve
in the Official Committee of Unsecured Creditors.


PROMMIS HOLDINGS: Prommis Solutions Files Schedules
---------------------------------------------------
Prommis Solutions, LLC filed with the U.S. Bankruptcy Court for
the District of Delaware its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                   UNKNOWN
  B. Personal Property           $18,488,803
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $73,979,885
  E. Creditors Holding
     Unsecured Priority
     Claims                                           UNKNOWN
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                      $186,252,428
                                  -----------     -----------
        TOTAL                     $18,488,803    $260,232,313

A copy of the schedules is available for free at
http://bankrupt.com/misc/PROMMIS_HOLDINGS_sald.pdf

                     About Prommis Holdings

Atlanta, Georgia-based Prommis Holdings, LLC, and its 10
affiliates delivered their petitions for voluntary bankruptcy
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 13-10551) on March 18, 2013.

Three subsidiaries -- EC Closing Corp., EC Closing Corp. of
Washington, and EC Posting Closing Corp. -- sought Chapter 11
protection (Bankr. D. Del. Case Nos. 13-11619 to
13-11621) on June 25, 2013.

Judge Brendan Linehan Shannon presides over the case.  Steven K.
Kortanek, Esq., at Womble Carlyle Sandridge & Rice, LLP, serves as
the Debtors' counsel, while Kirkland & Ellis LLP serves as co-
counsel.  The Debtors' restructuring advisor is Huron Consulting
Services, LLC.  Donlin Recano & Company, Inc., is the Debtors'
claims agent.

The petition estimated the lead Debtors' assets to range between
$10 million and $50 million and the lead Debtor's debts between
$50 million and $100 million.  The petitions were signed by
Charles T. Piper, chief executive officer.

The U.S. Trustee for Region 3 appointed three creditors to serve
in the Official Committee of Unsecured Creditors.


PROMMIS HOLDINGS: Homeownership Solutions Files Schedules
---------------------------------------------------------
Prommis Homeownership Solutions, Inc., filed with the U.S.
Bankruptcy Court for the District of Delaware its schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property                $3,320
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $73,979,885
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $860,671
                                  -----------     -----------
        TOTAL                          $3,320     $74,840,556

A copy of the schedules is available for free at
http://bankrupt.com/misc/PROMMIS_HOLDINGS_sal_l.pdf

                      About Prommis Holdings

Atlanta, Georgia-based Prommis Holdings, LLC, and its 10
affiliates delivered their petitions for voluntary bankruptcy
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 13-10551) on March 18, 2013.

Three subsidiaries -- EC Closing Corp., EC Closing Corp. of
Washington, and EC Posting Closing Corp. -- sought Chapter 11
protection (Bankr. D. Del. Case Nos. 13-11619 to
13-11621) on June 25, 2013.

Judge Brendan Linehan Shannon presides over the case.  Steven K.
Kortanek, Esq., at Womble Carlyle Sandridge & Rice, LLP, serves as
the Debtors' counsel, while Kirkland & Ellis LLP serves as co-
counsel.  The Debtors' restructuring advisor is Huron Consulting
Services, LLC.  Donlin Recano & Company, Inc., is the Debtors'
claims agent.

The petition estimated the lead Debtors' assets to range between
$10 million and $50 million and the lead Debtor's debts between
$50 million and $100 million.  The petitions were signed by
Charles T. Piper, chief executive officer.

The U.S. Trustee for Region 3 appointed three creditors to serve
in the Official Committee of Unsecured Creditors.


PULASKI PROPERTY OWNERS: Chapter 9 Case Summary & Creditors List
----------------------------------------------------------------
Debtor: Pulaski County Property Owners' Improvement
        District No. 4 (Villages of San Luis Project)
        c/o Walter D. Lomax III
        Pulaski County POID No. 4
        521 President Clinton Avenue, Ste. 800
        Little Rock, AR 72201

Bankruptcy Case No.: 13-13751

Chapter 9 Petition Date: July 1, 2013

Court: Eastern District of Arkansas (Little Rock))

Debtor's Counsel: James E. Smith, Jr., Esq.
                  SMITH AKINS P.A.
                  400 W. Capitol Ave., Suite 1700
                  Little Rock, AR 72201
                  Tel: (501) 537-5111
                  Fax: (501) 537-5113
                  E-mail: jsmith@smithakins.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 its four largest unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/areb13-13751.pdf

The petition was signed by Walter D. Lomax, III, chairman of the
board of commissioners/PCPOID No. 4-VofSLP.


ROTHSTEIN ROSENFELDT: Victims Blast $72MM TD Bank Deal, Exit Plan
-----------------------------------------------------------------
Ama Sarfo of BankruptcyLaw360 reported that victims of Scott
Rothstein's $1.2 billion Ponzi scheme who are accusing TD Bank NA
of aiding Rothstein urged a Florida bankruptcy court to deny
confirmation of a Chapter 11 bankruptcy plan for Rothstein's law
firm that would block further litigation against TD Bank.

According to the report, the investors, who call themselves the
"TD Bank victims," have pending state court actions against TD
Bank and are trying to block confirmation of the exit plan as it
hinges on a $72 million settlement with the bank that would bar
further litigation.

                   About Rothstein Rosenfeldt

Scott Rothstein, co-founder of law firm Rothstein Rosenfeldt Adler
PA -- http://www.rra-law.com/-- was suspected of running a
$1.2 billion Ponzi scheme.  U.S. authorities claimed in a civil
forfeiture lawsuit filed Nov. 9, 2009, that Mr. Rothstein, the
firm's former chief executive officer, sold investments in non-
existent legal settlements.  Mr. Rothstein pleaded guilty to five
counts of conspiracy and wire fraud on Jan. 27, 2010.

Creditors of Rothstein Rosenfeldt Adler signed a petition sending
the Florida law firm to bankruptcy (Bankr. S.D. Fla. Case No.
09-34791).  The petitioners include Bonnie Barnett, who says she
lost $500,000 in legal settlement investments; Aran Development,
Inc., which said it lost $345,000 in investments; and trade
creditor Universal Legal, identified as a recruitment firm, which
said it is owed $7,800.  The creditors alleged being owed money
invested in lawsuit settlements.

Herbert M. Stettin, the state-court appointed receiver for
Rothstein Rosenfeldt, was officially carried over as the
Chapter 11 trustee in the involuntary bankruptcy case.

On June 10, 2010, Mr. Rothstein was sentenced to 50 years in
prison.

The official committee of unsecured creditors appointed in the
case is represented by Michael Goldberg, Esq., at Akerman
Senterfitt.


PULSE ELECTRONICS: Grant Thornton Replaces KPMG Accountants
-----------------------------------------------------------
The Audit Committee of the Board of Directors of Pulse Electronics
Corporation recently completed a competitive process to determine
which audit firm would serve as the Company's independent
registered public accounting firm for the year ended Dec. 27,
2013.  On June 26, 2013, the Audit Committee determined to dismiss
KPMG LLP as the Company's independent registered public accounting
firm with immediate effect.

The reports of KPMG on the Company's consolidated financial
statements as of and for the years ended Dec. 28, 2012, and
Dec. 30, 2011, did not contain an adverse opinion or a disclaimer
of opinion, and were not qualified or modified as to uncertainty,
audit scope or accounting principles.  KPMG's audit reports on the
Company's effectiveness of internal control over financial
reporting as of Dec. 28, 2012, and Dec. 30, 2011, did not contain
an adverse opinion or disclaimer of opinion and were not qualified
or modified as to uncertainty, audit scope or accounting
principles.

The dismissal of KPMG was not a result of any disagreement with
the Company.

The Audit Committee engaged Grant Thornton LLP as the Company's
independent registered public accounting firm for the year ended
Dec. 27, 2013, to be effective with the filing of the Company's
quarterly report on Form 10-Q for the period ending June 28, 2013.

During the years ended Dec. 28, 2012, and Dec. 30, 2011, and the
subsequent interim period through June 26, 2013, the Company did
not consult with Grant Thornton LLP.

                       About Pulse Electronics

San Diego, California-based Pulse Electronics Corporation --
http://www.pulseelectronics.com/-- is a global producer of
precision-engineered electronic components and modules, operating
in three business segments: Network product group; Power product
group; and Wireless product group.  As of Dec. 28, 2012, Pulse had
$188 million in total assets.

The Company's balance sheet at March 29, 2013, showed $179.92
million in total assets, $215.68 million in total liabilities and
a $35.76 million total shareholders' deficit.


PLUG POWER: Stockholders Elect Two Directors to Board
-----------------------------------------------------
Plug Power Inc. has adjourned its 2013 annual meeting of
stockholders, on July 1, 2013, at which the stockholders:

   1. elected George C. McNamee and Johannes M. Roth as directors
      each to hold office until the Company's 2016 annual meeting
      of stockholders and until that director's successor is duly
      elected and qualified or until that director's earlier
      resignation or removal;

   2. ratified the appointment of KPMG LLP as the Company's
      independent registered public accounting firm for 2013; and

   3. approved the proposal to amend the Certificate of
      Incorporation to effect a reverse stock split of the
      Company's common stock at a ratio within a range of 1:10 to
      1:25.

                          About Plug Power

Plug Power Inc. is a provider of alternative energy technology
focused on the design, development, commercialization and
manufacture of fuel cell systems for the industrial off-road
(forklift or material handling) market.

KPMG LLP, in Albany, New York, expressed substantial doubt about
Plug Power's ability to continue as a going concern, following
their audit of the Company's financial statements for the year
ended Dec. 31, 2012, citing the Company's recurring losses from
operations and substantial decline in working capital.

The Company's balance sheet at March 31, 2013, showed
$37.1 million in total assets, $29.4 million in total liabilities,
and stockholders' equity of $7.7 million.


PLUG POWER: Stockholders Re-Elect Two Directors to Board
--------------------------------------------------------
Plug Power Inc. announced the results of its 2013 Annual Meeting
of Stockholders, which was originally convened on June 28, 2013,
and adjourned until July 1, 2013.  Based on the voting results
from the Annual Meeting, stockholders re-elected incumbent
directors George C. McNamee and Johannes M. Roth, approved an
Amendment to the Company's Amended and Restated Certificate of
Incorporation to allow, but not require, the Board of Directors of
the Company to effect a reverse stock split of the Company's
Common Stock at a ratio within a range of 1:10 to 1:25 should they
determine that a reverse stock split be in the best interest of
the Company and the stockholders, and ratified the selection of
KPMG LLP as the Company's independent auditors for 2013.

                         About Plug Power

Plug Power Inc. is a provider of alternative energy technology
focused on the design, development, commercialization and
manufacture of fuel cell systems for the industrial off-road
(forklift or material handling) market.

KPMG LLP, in Albany, New York, expressed substantial doubt about
Plug Power's ability to continue as a going concern, following
their audit of the Company's financial statements for the year
ended Dec. 31, 2012, citing the Company's recurring losses from
operations and substantial decline in working capital.

The Company's balance sheet at March 31, 2013, showed
$37.1 million in total assets, $29.4 million in total liabilities,
and stockholders' equity of $7.7 million.


QUANTUM CORP: To Merge Manufacturing Activities with Benchmark
--------------------------------------------------------------
Quantum Corporation approved a plan to further consolidate
manufacturing activities with its contract manufacturer, Benchmark
Electronics, that includes the termination of employees currently
supporting these activities.  The Company expects to complete the
majority of these termination actions by the end of the fourth
quarter of fiscal year 2014.  The costs associated with the
manufacturing consolidation primarily consist of one-time
termination benefits and facility exit costs.  The Company's
preliminary estimate of these costs is approximately $13 million
to $16 million for severance, benefits and remaining lease
payments, depending on when it exits various buildings.
Substantially all of these charges will result in future cash
expenditures.

                        About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.

For the 12 months ended March 31, 2013, the Company incurred a net
loss of $52.41 million on $587.57 million of total revenue, as
compared with a net loss of $8.81 million on $652.37 million of
total revenue for the same period a year ago.  The Company's
balance sheet at March 31, 2013, showed $371.14 million in total
assets, $452.72 million in total liabilities, and a $81.58 million
stockholders' deficit.


RONA INC: DBRS Confirms 'BB(high)' Issuer Rating
------------------------------------------------
DBRS has confirmed the Issuer Rating and Senior Unsecured Debt
rating of RONA Inc. at BB (high) and the Preferred Share rating at
Pfd-4 (high). The trends remain Negative. The recovery rating
assigned to the Company's Senior Unsecured Debt remains RR2.

On March 12, 2013, DBRS downgraded the Company's Issuer Issuer
Rating and Senior Unsecured Debt rating to BB (high) from BBB
(low) and the Preferred Shares rating to Pfd-4 (high) from Pfd-3
(low) and maintained the Negative trend. DBRS also assigned a
recovery rating of RR2 to the Company's Senior Unsecured Debt.

Same-store sales were flat in 2012, yet net sales increased
approximately 1.7% to nearly $4.9 billion versus the previous year
based on higher sales in the Commercial and Professional Market
segment, new store openings, new dealer-owners and improved same-
store distribution sales to affiliate dealers. EBITDA margins were
negatively affected by weaker gross margins due to promotional
activity in a highly competitive environment and higher selling,
general and administrative costs. As such, EBITDA declined by
approximately 40% to $171 million, marking the third consecutive
year of declining EBITDA.

Balance-sheet debt increased notably in F2012 to approximately
$328 million, which combined with weakness in operating income to
result in further deterioration of credit metrics. Lease-adjusted
debt-to-EBITDAR increased to approximately 3.77 times (x) in 2012
versus 2.54x in 2011 and 2.80x in 2010 (improvement in 2011 was
primarily attributable to the early voluntary repurchase of
debentures) and lease-adjusted EBIT coverage declined to 1.51x in
2012 versus 2.26x in 2011 and nearly 3.7x in 2010.

Going forward, DBRS believes meaningful recovery in Rona's
earnings profile will remain challenging as the Company is
expected to continue to face intense competition and a highly
promotional environment while Canadian consumers may remain
prudent in the uncertain housing and interest rate environment. On
June 27, 2013, the Company announced the next phase of its
Transformational Plan, which includes the closure of 11 non-
profitable stores in Ontario and British Columbia, as well as
additional administrative headcount reduction and other cost-
cutting initiatives. DBRS expects that a significant improvement
in operating performance will be difficult to realize over the
near term but EBITDA could benefit from the successful
implementation of the Company's Transformational Plan over the
medium term.

In terms of financial profile, RONA will remain under pressure
until it displays sustainable growth in organic operating income
and cash flow. Consistent with the strategies outlined in its
Transformational Plan, RONA announced that it had entered into an
agreement to sell all of the assets of its Commercial and
Professional Market division to Talisker Plumbing Corporation on
June 20, 2013, for expected net proceeds of $215 million. DBRS
expects that RONA will use proceeds from this sale, along with
free cash flow generated, for debt repayment, which should result
in a material reduction in balance-sheet debt in 2013. If the
Company's Transformational Plan helps to result in a stabilization
of operating income and key credit metrics, the ratings outlook
could stabilize. However, should RONA's credit risk profile
continue to deteriorate in terms of a decline in same-store sales,
operating income and key credit metrics (i.e., lease-adjusted
debt-to-EBITDAR over 4.0x and lease-adjusted EBIT coverage
materially below 1.5x), a further downgrade to BB and Pfd-4 could
result.


SAN DIEGO HOSPICE: Files 1st Amended Disclosure Statement
---------------------------------------------------------
Debtor San Diego Hospice & Palliative Care Corporation and the
Official Committee of Unsecured Creditors have filed a first
amended disclosure statement explaining their jointly proposed
First Amended Liquidating Plan for San Diego Hospice & Palliative
Care Corporation (Dated June 24, 2013).

The Plan's objective is to transfer all assets of the Debtor,
including, but not limited to, cash and all causes of action, to
the Liquidating Trust, which, through the Liquidating Trustee,
will liquidate the remaining non-cash assets, including the
prosecution of the causes of action that the Liquidating Trustee
chooses to pursue, and distribute the proceeds thereof to holders
of Allowed Claims in satisfaction of the Allowed Claims subject to
the satisfaction of the Liquidating Trust Expenses.

The Plan will treat claims as follows:


   -- Class 1 Miscellaneous Secured Claims.  Under the Plan, each
holder of a Class 1 Claim will receive, at the election of the
Liquidating Trust, in its sole discretion, one of the following
treatments in full satisfaction of its Allowed Miscellaneous
Secured Claim: (a) transfer of the collateral; (b) cash payment
equal to amount of each holder's Class 1 Claim; (c) reinstatement
of the Class 1 Claim in compliance with Section 1124(2) of the
Bankruptcy Code; (d) deferred cash payments, pursuant to
Bankruptcy Code Section 1129(2)(A)(b)(2)(A)(i)(II), totaling at
least the Allowed amount of such claim, of a present value, as of
the Effective Date, of at least the value of such Holder's
interest in the Debtor's interest in property that serves as
collateral for such claim; or (e) delivery to such Holder
indubitable equivalent of such Claim.

The Proponents are aware that the United States filed a Claim for
$112,839,934 (the "CMS Claim") and alleges that it is partially
secured by rights of setoff.  The Proponents do not know the
amount of the security alleged.  This Claim is subject to dispute.

The $3.4 million to $4 million estimate of Non-Ordinary Course
Administrative Claims may be secured by certain accounts
maintained by third-parties. The Proponents are currently
investigating, among other things, whether these Claims are
actually secured by the existing accounts.  To the extent it is
determined that the Claims are secured by such accounts, there is
sufficient cash in the accounts to satisfy the Claims in full.

The Proponents are not aware of any other Miscellaneous Secured
Claims at this time.

   -- Wells Fargo Secured Claim in Class 1A. The Liquidating Trust
will transfer collateral it owns and holds that secures the
Allowed Wells Fargo Secured Claim up to an amount sufficient in
value to satisfy the Allowed Wells Fargo Secured Claim to the
Holder of the Wells Fargo Secured Claim in full satisfaction and
release of such Claim.  Wells Fargo is owed approximately
$4,047,534.02 (disputed).  Class 1A is Unimpaired under the Plan.

   -- Class 2 Priority Non-Tax Claims.  Class 2 is Unimpaired
under the Plan and consists mainly of Priority wage and PTO
claims.  Each Holder of an Allowed Class 2 Claim will be paid in
Cash, in full, with interest.

   -- Class 3 Allowed General Unsecured Claims.  Class 3, owed
approximately $12 million to $16 million, is Impaired under the
Plan.  On the later of (i) the Effective Date, and (ii) the
fifteenth (15th) Business Day after such General Unsecured Claim
becomes an Allowed Claim, or, in either case, as soon thereafter
as is practicable, the Liquidating Trustee will distribute
Available Cash to the Holders of Allowed Class 3 Claims on a Pro
Rata basis.  Estimated recovery is 0% to 43%.

   -- Class 4 CMS Claim.  The United States has filed a proof of
Claim against the Debtor in the amount of $112,839,934 (the "CMS
Claim") for alleged damages and civil penalties arising from the
Debtor's alleged false claims for payment and making, or causing
to be made, alleged false statements in connection with the
provision of hospice and palliative care to beneficiaries under
federally funded government healthcare programs.  The United
States alleges that the CMS Claim, which the Proponents dispute,
arises under the False Claims Act, 31 U.S.C. Sections 3729-33 (the
"FCA"), and common law theories for breach of contract, payment by
mistake and unjust enrichment.  The United States alleges that the
conduct giving rise to the CMS Claim occurred in 2009 and 2010.
CMS, if it agrees to the terms of proposed settlement, will have a
bifurcated Claim: (a) a General Unsecured Claim in an amount equal
to the aggregate amount of Allowed Class 3 Claims (the "Tier One
CMS Claim") and (b) a Subordinated Claim for the balance.  The
Tier One CMS Claim will be paid Pro Rata with Class 3 until all
Class 3 Claims and the Tier One CMS Claim are paid in full with
interest at the Judgment Rate.  The CMS Subordinated Claim will be
paid all Cash remaining after payment in full of all other Allowed
Claims, the expenses of the Liquidating Trust, and the expenses of
the SDH Trust Committee.  If CMS does not agree to the proposed
treatment of its Claim as set forth above, the Debtor, the
Committee or both will file a motion to estimate the CMS Claim for
distribution purposes and the CMS Claim, once estimated, will be
paid Pro Rata with Allowed Class 3 Claims.  The Proponents have
separately classified the CMS Claim because it is based upon the
FCA Complaint, which contains allegations that have not yet been
proved, is subject to substantial dispute and litigation and is
unliquidated.  Estimated recovery is 0% to 43% of the Tier One CMS
Claim and 0% of the CMS Subordinated Claim.

Any interested party desiring further information about the
Disclosure Statement or Plan should contact:

  * Counsel for the Committee:

     PACHULSKI STANG ZIEHL & JONES LLP
     Attn: Samuel R. Maizel, Esq.
     10100 Santa Monica Boulevard, 13th Floor
     Los Angeles, CA 90067
     Tel: (310) 277-6910
     E-mail: smaizel@pszjlaw.com

          or

  * Counsel for the Debtor:

     PROCOPIO, CORY, HARGREAVES & SAVITCH LLP,
     Attn: Jeffrey Isaacs, Esq.
     525 B Street, Suite 2200
     San Diego, CA 92101
     Tel: (619) 238-1900
     E-mail: jeffrey.isaacs@procopio.com

The Plan also provides that if there is a material default at any
time during the term of this Plan by the Liquidating Trustee in
the performance of any of the duties or obligations of the
Liquidating Trust under the Plan, any Creditor that is damaged by
such failure may pursue its remedies in any court of competent
jurisdiction, including, but not limited to, filing a motion to
dismiss or convert this Case.

A copy of the First Amended Disclosure Statement is available at:

        http://bankrupt.com/misc/sandiegohospice.doc422.pdf

             About San Diego Hospice & Palliative Care

San Diego Hospice & Palliative Care Corporation filed a Chapter 11
petition (Bankr. S.D. Cal. Case No. 13-01179) in San Diego on
Feb. 4, 2013.  The Debtor is the operator of the San Diego Hospice
and The Institute for Palliative Medicine, one of the largest
community-owned, not-for-profit hospices in the country.

The Debtor scheduled $20,369,007 in total assets and $14,888,058
in total liabilities.

Even before the bankruptcy filing, the Debtor has been under a
federal investigation, focusing whether it allowed patients to
stay in the program even when their diagnosis changed.  The Debtor
said that it will meet with government agencies to address their
concerns, explore partnerships with other health care
organizations, and work to restructure and resize San Diego
Hospice.  The Debtor said it has encouraged Scripps Health, the
region's largest provider of health care services, to enter the
hospice business.

Procopio, Cory, Hargreaves & Savitch LLP serves as counsel to the
Debtor.

On April 30, 2013, San Diego Hospice received Court authority to
sell its unused 24-bed hospice facility to Scripps Health for
$16.55 million.  Scripps made the opening bid of $10.7 million at
the auction that took place before the sale-approval hearing.  The
other bidder was Sharp Healthcare.  The sale is also subject to
approval by regulators in California.

In May 2013, San Diego Hospice and its creditors' committee
jointly filed a liquidating Chapter 11 plan and an explanatory
disclosure statement.


SANUWAVE HEALTH: Amends 10.9 Million Units Prospectus
-----------------------------------------------------
SANUWAVE Health, Inc., filed with the U.S. Securities and Exchange
Commission amendment no. 3 to the Form S-1 registration statement
relating to the offering of up to 10,909,091 Units at a purchase
price of $0.55 per Unit, with each Unit consisting of one share of
the Company's common stock and a warrant to purchase up to an
additional 1/2 share of the Company's common stock at an exercise
price per share of $0.80.  The Units will not be certificated and
the common stock and warrants will be immediately separable and
will be separately transferable immediately upon issuance.

The offering expires on the earlier of (i) the date upon which all
of the Units being offered have been sold, or (ii) July 31, 2013.
In addition, the Company may terminate the offering at any time
prior to the expiration date.  All costs associated with the
registration will be borne by the Company.

The Company's common stock is quoted on the OTC Bulletin Board
under the symbol "SNWV".  The last reported sale price of the
Company's common stock on June 28, 2013, on the OTC Bulletin Board
was $0.67 per share.  There is no established trading market for
the warrants.

A copy of the amended prospectus is available for free at:

                        http://is.gd/EMeZpf

                        About SANUWAVE Health

Alpharetta, Ga.-based SANUWAVE Health, Inc., is an emerging global
regenerative medicine company focused on the development and
commercialization of noninvasive, biological response activating
devices for the repair and regeneration of tissue, musculoskeletal
and vascular structures.

BDO USA, LLP, in Atlanta, Georgia, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that the
Company has suffered recurring losses from operations, has a net
working capital deficit, and is economically dependent upon future
issuances of equity or other financing to fund ongoing operations,
each of which raise substantial doubt about its ability to
continue as a going concern.

SANUWAVE Health reported a net loss of $6.40 million on $769,217
of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $10.23 million on $802,572 of revenue in 2011.
The Company's balance sheet at March 31, 2013, showed $2.33
million in total assets, $13.64 million in total liabilities and a
$11.31 million total stockholders' deficit.


SEMGROUP LP: Ex-CEO Can't Dodge Limited Partners' Fraud Suit
------------------------------------------------------------
Lance Duroni of BankruptcyLaw360 reported that former SemGroup LP
CEO Thomas L. Kivisto must face a fraud suit from the company's
former limited partners in Oklahoma court that had previously been
blocked by a Delaware bankruptcy judge, according to a court order
filed Tuesday.

The report related that U.S. Bankruptcy Judge Brendan L. Shannon
ruled nearly two years ago that SemGroup's 2009 reorganization
plan barred the claims against Kivisto, but the decision was
reversed in part on appeal by the district court in November.

                      About SemGroup, L.P.

SemGroup, L.P. -- http://www.semgrouplp.com/-- is a midstream
service company that provides diversified services for end users
and consumers of crude oil, natural gas, natural gas liquids and
refined products.  Services include purchasing, selling,
processing, transporting, terminalling and storing energy.
SemGroup serves customers in the United States, Canada, Mexico and
Wales.

SemGroup L.P. and its debtor-affiliates filed for Chapter 11
protection (Bankr. D. Del. Case No. 08-11525) on July 22, 2008.
John H. Knight, Esq., L. Katherine Good, Esq. and Mark
D. Collins, Esq., at Richards Layton & Finger; Harvey R. Miller,
Esq., Michael P. Kessler, Esq., and Sherri L. Toub, Esq., at Weil,
Gotshal & Manges LLP; and Martin A. Sosland, Esq., and Sylvia A.
Mayer, Esq., at Weil Gotshal & Manges LLP, represented the Debtors
in their restructuring efforts.  Kurtzman Carson Consultants
L.L.C. served as the Debtors' claims agent.  The Blackstone Group
L.P. and A.P. Services LLC acted as the Debtors' financial
advisors.

Margot B. Schonholtz, Esq., and Scott D. Talmadge, Esq., at Kaye
Scholer LLP; and Laurie Selber Silverstein, Esq., at Potter
Anderson & Corroon LLP, represented the Debtors' prepetition
lenders.

SemGroup L.P.'s affiliates, SemCAMS ULC and SemCanada Crude
Company, sought protection under the Companies' Creditors
Arrangement Act (Canada) on July 22, 2008.  Ernst & Young, Inc.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.

SemGroup LP won confirmation from the Bankruptcy Court of its
Fourth Amended Plan of Reorganization on Oct. 28, 2008.  The
Plan, which distributed more than $2.5 billion in value to
stakeholders, was declared effective on Nov. 30, 2008.

As part of the Plan, the Reorganized Debtors entered into two new
credit facilities aggregating $625 million in financing; entered
into a $300 million Second Lien Term Facility; created a new
corporate structure, including issuing shares of common stock and
warrants; and distributed approximately $500 million of cash and
approximately $1 billion in value of new common stock and warrants
to thousands of creditors in accordance with the Plan.


SCOTTSDALE VENETIAN: Files Chap. 11 Plan & Disclosure Statement
---------------------------------------------------------------
Scottsdale Venetian Village, LLC, file a plan of reorganization
and accompanying disclosure statement, providing for the payment
of outstanding obligations by the proceeds from the continued
operation of Days Hotel located at 5101 N. Scottsdale Road, in
Scottsdale, Arizona, and the adjacent Papi Chulo's Mexican Grill &
Cantina.

With the exception of the Classes 1-A (Allowed Administrative
Claims), all the Creditors of the Debtor are impaired under the
terms of the Plan.  Secured Creditors are impaired because they
will be subjected to different treatment than they had originally
contracted for with the Debtor.  Unsecured Creditors will be
impaired because they will be subject to different treatment than
they originally contracted for.

The Plan proposes the following treatment of claims:

* Class 2-A (Allowed Secured Claim of First National Bank of
  Hutchinson).

Impaired.  The amount of FNBH's Allowed Secured Claim will be
limited to the value of its collateral.  Any amount by which
FNBH's Allowed Claim exceeds the value of its collateral will be
deemed to be an unsecured Claim and treated as part of Class 3-B.
The Debtor intends to pay the full amount of FNBH's Allowed
Secured Claim, with interest, over a period of 12 years.

Specifically, the Debtor will execute and deliver to FNBH a
promissory note in the amount of FNBH's Allowed Secured Claim.
The New Note will mature and become fully due and payable on the
12th anniversary of the Effective Date.  The New Note will be
secured by the same collateral which existed on the Petition Date.

For the months of January, February, March, and April of each
year, the Debtor will make payments of 150% of the monthly
principal and interest payments that would be due if FNBH's
Allowed Secured Claim were amortized over 25 years at the Plane
Rate.  For the months of May, June, July, and August of each year,
the Debtor will make monthly payments of 25% of the Standard
Monthly Payment.  For the months of September, October, November
and December of each year, the Debtor will make monthly payments
of 125% of the Standard Monthly Payment.

* Class 2-B (Allowed Secured Claim of the Maricopa County
  Treasurer)

Impaired.  The Allowed Secured Claim is secured by a tax lien on
the Property.  The Allowed Secured Claim of Maricopa County will
be paid, in full, in equal quarterly payments of principal and
interest based upon a 20-year amortization schedule and interest
accruing at the statutory rate.

Any remaining principal and accrued interest due to Maricopa
County on account of its Allowed Secured Claim will be paid, in
cash, on or before the fifth anniversary of the Petition Date.
Maricopa County will retain its existing secured interest in the
Property until its Allowed Secured Claim has been satisfied in
full.  If, and only if, Maricopa County votes in favor of the
Plan, it will receive a cash payment of $5,000 on the Effective
Date.

* Class 2-C (Allowed Secured Claim of the Arizona Department of
  Revenue)

Impaired.  The Allowed Secured Claim is alleged to exist as
against the Debtor and be secured by all of the Debtor's assets.
The Debtor is still conducting an investigation in to the ADOR's
assert claim, but suspects that all or part of the claim may not
be enforceable against the Debtor.

The Allowed Secured Claim of ADOR, if any, will be paid, in full,
in equal quarterly payments of principal and interest based upon a
20-year amortization schedule and interest accruing at the
statutory rate.  Any remaining principal and accrued interest due
to ADOR on account of its Allowed Secured Claim will be paid, in
cash, on or before the fifth anniversary of the Petition Date.
ADOR will retain any existing liens and security interests, to the
extent of its Allowed Secured Claim, with the same validity and
priority as existed prepetition.  If, and only if, ADOR votes in
favor of the Plan, it will receive a payment of $5,000 on the
Effective Date.

* Class 2-D (Allowed Secured Claim of Horizon Capital Investment
Group, LLC)

Impaired.  The Allowed Secured Claim is alleged to be secured by a
lien upon a 2006 Dodge Sprinter owned by the Debtor and used in
its business.

The Allowed Secured Claim of Horizon will be paid in full, with
interest at the Plan Rate, in equal quarterly installments
commencing on the Effective Date and concluding on the seventh
anniversary of the Effective Date.  Horizon will retain a lien on
its collateral, to the same extent and with same priority as
enjoyed prior to the Petition Date, until its Secured Claim is
paid in full.  Upon Horizon's receipt of payment in full of its
Allowed Secured Claim, its security interest in its collateral
will be deemed released and discharged in full.

* Class 2-E (Allowed Secured Claim of Plexus Technology Solutions,
  LLC)

Impaired.  The Allowed Secured Claim is alleged to be secured by a
lien upon a 2006 Ford van owned by the Debtor and used in its
business.  The Allowed Secured Claim of Plexus will be paid in
full, with interest at the Plan Rate, in equal quarterly
installments commencing on the Effective Date and concluding on
the seventh anniversary of the Effective Date.  Plexus will retain
a lien on its collateral, to the same extent and with same
priority as enjoyed prior to the Petition Date, until its Secured
Claim is paid in full.  Upon Plexus' receipt of payment in full of
its Allowed Secured Claim, its security interest in its collateral
will be deemed released and discharged in full.

* Class 2-F (Allowed Secured Claim of Small Business Term Loans,
Inc.)

Impaired.  The Allowed Secured Claim is alleged to be secured by a
lien upon the Debtor's credit card receivables and other personal
property.  The Allowed Secured Claim of SBTLI will be paid in
full, with interest at the Plan Rate, in equal quarterly
installments commencing on the Effective Date and concluding on
the 10th anniversary of the Effective Date.  SBTLI will retain a
lien on its collateral, to the same extent and with same priority
as enjoyed prior to the Petition Date, until its Secured Claim is
paid in full.  Upon SBTLI's receipt of payment in full of its
Allowed Secured Claim, its interest in its collateral will be
deemed released and discharged in full.

* Class 3-A (Allowed Unsecured Claim of Days Inn Worldwide, Inc.)

Impaired.  The Unsecured Claims are in the approximate amount of
$135,000, arising by virtue of that certain Development Incentive
Note.  The Days Inn Note will be treated, and retired, in
accordance with its terms, but for the date upon which payment is
due in the event of acceleration.

* Class 3-B (Other Allowed Unsecured Claims of Creditors)

Impaired.  Holders of Unsecured Claims Not Otherwise Classified in
the Plan will be paid in full, with interest accruing at the Plan
Rate, in equal quarterly installments commencing on the Effective
Date and concluding on the eighth anniversary of the Effective
Date.  Any Insider that holds a Claim included in this class will
not be paid anything on account of that Claim until all other
Claims against the Debtor are paid in full.  Upon each Unsecured
Claimant's receipt of payment in full, its Allowed Unsecured Claim
shall be deemed paid and discharged in full.

* Class 4 (Allowed Interests of Interest Holders)

Class 4 consists of the Allowed Interests in the Debtor.  The
Interest Holders will retain their equity interests, and
constitute the New Interest Holders in the Reorganized Debtor.

A full-text copy of the Disclosure Statement, dated June 19, 2013,
is available for free at:

         http://bankrupt.com/misc/SCOTTSDALEds0619.pdf

John J. Hebert, Esq. -- jhebert@polsinelli.com -- and Wesley D.
Ray, Esq. -- wray@polsinelli.com -- at POLSINELLI PC, in Phoenix,
Arizona, filed the Disclosure Statement on behalf of the Debtor.

                    About Scottsdale Venetian

Scottsdale Venetian Village, LLC, operates the Days Hotel located
at 5101 N. Scottsdale Road, in Scottsdale, Arizona.  The company
also operates Papi Chulo's Mexican Grill & Cantina, located
immediately adjacent to the hotel.  The hotel consists of 211
guest rooms and, among other things, facilities for meetings and
banquets.

Scottsdale Venetian Village filed a Chapter 11 petition (Bankr. D.
Ariz. Case No. 13-02150) on Feb. 19, 2013, in Phoenix, estimating
at least $10 million in assets and less than $10 million in
liabilities.

The Debtor is represented by John J. Hebert, Esq., at Polsinelli
Shughart, P.C., in Phoenix.


SCOOTER STORE: Former CEO Wants Legal Fees Covered
--------------------------------------------------
Matt Chiappardi of BankruptcyLaw360 reported that the former CEO
of bankrupt Scooter Store Holdings Inc., along with a committee
that oversees an employee stock ownership plan, asked a Delaware
bankruptcy court to make sure the company or its insurers cover
their defense costs from a putative class action in Texas accusing
them of fiduciary breaches.

According to the report, former CEO Douglas Harrison and The
Scooter Store Employee Stock Ownership Plan Committee, which
included Harrison, argue that the company agreed in the
committee's governing documents to indemnify it against losses or
expenses related to legal proceedings.

                     About The Scooter Store

The Scooter Store is a supplier of power mobility solutions,
including power wheelchairs, scooters, lifts, ramps, and
accessories.  The Scooter Store's products and services provide
today's seniors and disabled persons potential alternatives to
living in nursing homes or other care facilities.  Headquartered
in New Braunfels, Texas, the Scooter Store has a nationwide
network of distribution centers that service products owned or
leased by the Company's customers.  It has 57 distribution
centers in 41 states.

Scooter Store Holdings Inc., and 71 affiliates filed for Chapter
11 bankruptcy (Bankr. D. Del. Lead Case No. 13-10904) in
Wilmington.  The closely held company listed assets of less than
$10 million and debt of more than $50 million.

Affiliates of private equity firm Sun Capital Partners, based in
Boca Raton, Florida, purchased a majority voting interest in the
debtors in 2011.  Scooter Store is 66.8 percent owned by Sun
Capital Partners Inc., owed $40 million on a third lien.  In
addition to Sun's debt and $25 million on a second lien owing to
Crystal Financial LLC, there is a $25 million first-lien revolving
credit owing to CIT Healthcare LLC as agent.  Crystal is providing
$10 million in financing for bankruptcy.


S & K OF OCEAN CITY: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: S & K of Ocean City, LLC
          dba Blue Water Marina
        435 East Melrose Avenue
        Westmont, NJ 08108

Bankruptcy Case No.: 13-23954

Chapter 11 Petition Date: June 25, 2013

Court: U.S. Bankruptcy Court
       District of New Jersey (Camden)

Judge: Gloria M. Burns

Debtor's Counsel: Tudor Mihai Neagu, Esq.
                  HOPKINS & SCHAFKOPF, LLC
                  604 S. Washington Square E., Suite 1102
                  Philadelphia, PA 19106
                  Tel: (215) 356-9917
                  Fax: (610) 664-5599
                  E-mail: tudorescue@gmail.com

Scheduled Assets: $1,614,500

Scheduled Liabilities: $1,202,408

The Company's list of its largest unsecured creditors filed with
the petition does not contain any entry.

The petition was signed by Frank A. McCullough, sole member


SH & KS LLC: Case Summary & 3 Unsecured Creditors
-------------------------------------------------
Debtor: SH & KS LLC
        325 Grand Avenue
        Palisades Park, NJ 07650

Bankruptcy Case No.: 13-24287

Chapter 11 Petition Date: June 28, 2013

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

Judge: Morris Stern

Debtor's Counsel: Michael S. Kopelman, Esq.
                  KOPELMAN & KOPELMAN LLP
                  55 Main Street
                  Hackensack, NJ 07601
                  Tel: (201) 489-5500
                  E-mail: kopelaw@yahoo.com

Scheduled Assets: $0

Scheduled Liabilities: $1,598,365

A copy of the Company's list of its largest unsecured creditors,
filed together with the petition, is available for free at
http://bankrupt.com/misc/njb13-24287.pdf

The petition was signed by David Chung, director.


SHOPPING.COM CORP: Case Summary & 8 Unsecured Creditors
-------------------------------------------------------
Debtor: Shopping.com Corporation
        1133 SE 4th Avenue
        Fort Lauderdale, FL 33316

Bankruptcy Case No.: 13-25551

Chapter 11 Petition Date: June 28, 2013

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: John K. Olson

Debtor's Counsel: Michael D. Lessne, Esq.
                  401 E Las Olas Blvd # 1850
                  Ft. Lauderdale, FL 33301
                  Tel: (954) 761-8111
                  E-mail: michael.lessne@gray-robinson.com

Scheduled Assets: $560,941

Scheduled Liabilities: $1,193,207

A copy of the Company's list of its largest unsecured creditors,
filed together with the petition, is available for free at
http://bankrupt.com/misc/flsb13-25551.pdf

The petition was signed by Michelle G. Trca, president.


SMART ONLINE: Extends IDB Credit Facility to May 2014
-----------------------------------------------------
Smart Online, Inc., on June 28, 2013, extended its secured credit
facility with Israel Discount Bank of New York, as lender,
effective as of May 31, 2013, under which the Company may, in a
single borrowing pursuant to a Promissory Note dated June 6, 2013,
borrow an aggregate principal amount of up to $5 million.  The
stated maturity date of the IDB Promissory Note is May 31, 2014.

The IDB Promissory Note replaces that certain Promissory Note
dated May 31, 2012, in the principal amount of $5 million by the
Company in favor of IDB that was scheduled to mature on May 31,
2013.  Under the prior note, the Company borrowed from IDB $5
million - the amount that remains outstanding under the new IDB
Promissory Note as of June 28, 2013.

Amounts borrowed under the new IDB Promissory Note bear interest
equal to the higher of (i) four percent or (ii) LIBOR plus 300
basis points, payable in quarterly installments commencing
Aug. 31, 2013.  The Company has agreed, pursuant to the terms of
an Assignment and Pledge of Deposit Account Agreement effective as
of May 31, 2013, to maintain a deposit account initially in the
amount of $250,000 to cover interest payments due under the IDB
Promissory Note, and has assigned and pledged to IDB all right,
title and interest to that deposit account.  The IDB Promissory
Note provides for the acceleration of principal and payment of all
other amounts payable thereunder upon the occurrence and
continuation of certain events of default.

                      Note Purchase Amendment

Smart Online, Inc., on June 26, 2013, entered into an amended Note
Purchase Agreement with the holders of a majority of the aggregate
outstanding principal amount of the Convertible Secured
Subordinated Promissory Notes issued by the Company under the
Convertible Secured Subordinated Note Purchase Agreement, dated
Nov. 14, 2007. as amended.

The Sixth Amendment amends the Note Purchase Agreement and the
Registration Rights Agreement to permit the Company to sell
additional Notes to Grasford Investments Ltd in a subsequent
closing and grant Grasford the same registration rights as the
existing Noteholders.  Grasford does not currently hold any Notes,
but is the beneficial owner of approximately 40 percent of the
Company's outstanding common stock, par value $0.001 per share.

The Sixth Amendment also changes the conversion price of the Notes
to the greater of (i) $0.50 or (ii) 80 percent of the lowest
closing price of the Company's Common Stock on the Over-The-
Counter Bulletin Board, the Nasdaq Stock Market or the principal
exchange on which the Common Stock is then listed in the twelve-
month period immediately preceding the date such Note is
converted, and amends the Note Purchase Agreement and the
Registration Rights Agreement to reflect this change in the
conversion price.

The Sixth Amendment also increases the aggregate principal amount
of the Notes authorized to be issued in subsequent closings of the
sale of Notes under the Note Purchase Agreement by $10 million,
from $23.3 million to $33.3 million.

A copy of the Amended Agreement is available for free at:

                       http://is.gd/jv4g7V

                        $450,000 Notes Sold

On June 27, 2013, the Company sold an additional Note in the
principal amount of $450,000, or the New Note, to a current
Noteholder upon substantially the same terms and conditions as the
Company's previously issued notes as amended by the Sixth
Amendment.

                        About Smart Online

Durham, North Carolina-based Smart Online, Inc., develops and
markets a full range of mobile application software products and
services that are delivered via a SaaS/PaaS model.  The Company
also provides Web site and mobile consulting services to not-for-
profit organizations and businesses.

Smart Online disclosed a net loss of $4.39 million in 2012, as
compared with a net loss of $3.54 million in 2011.  The Company's
balance sheet at March 31, 2013, showed $1.24 million in total
assets, $29.82 million in total liabilities, and a $28.57 million
total stockholders' deficit.

Cherry Bekaert LLP, in Raleigh, North Carolina, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has suffered recurring losses from operations and
has a working capital deficiency as of Dec. 31, 2012, which
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


SOUTHERN DRYDOCK: Updated Case Summary & List of Creditors
----------------------------------------------------------
Lead Debtor: Southern Drydock, Inc.
             1901 Hill Street
             Jacksonville, FL 32202

Bankruptcy Case No.: 13-04118

Chapter 11 Petition Date: July 2, 2013

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

Judge: Paul M. Glenn

Debtors' Counsel: J Garfield Hurt, Esq.
                  LAW OFFICE OF J. GARFIELD HURT & ASSOC.
                  7952 Normandy Boulevard
                  Jacksonville, FL 32221
                  Tel: (904) 781-8371
                  Fax: (904) 781-2520
                  E-mail: garfield@garfieldlaw.org

Scheduled Assets: $419,526

Scheduled Liabilities: $1,387,743

Affiliates that simultaneously filed separate Chapter 11
petitions:

   Debtor                              Case No.
   ------                              --------
Southeastern Sandblasting &            13-04129
Painting, Inc.
  Assets: $478,982
  Debts: $1,126,752

The petitions were signed by Edwin B. Harwell, president and
owner.

A. A copy of Southern Drydock, Inc.'s list of its 21 largest
unsecured creditors filed together with the petition is available
for free at http://bankrupt.com/misc/flmb13-4118.pdf

B. Southeastern Sandblasting & Painting, Inc. did not file a list
of its largest unsecured creditors together with its petition.


SPECIALTY PRODUCTS: 3rd Circ. Asked To Nix $1B Asbestos Appeal
--------------------------------------------------------------
Jamie Santo of BankruptcyLaw360 reported that asbestos claimants
blasted Specialty Products Holding Corp.'s bid to head straight to
the Third Circuit with an appeal of a Delaware bankruptcy court
decision pinning its asbestos-related liability at $1.1 billion,
calling the move a delaying tactic with no legal foundation.

According to the report, both the official committee of asbestos
personal injury claimants and the representative for future
claimants are fighting Specialty Products' bid to take its
challenge of the liability ruling directly to the appeals court.

                     About Specialty Products

Cleveland, Ohio-based Specialty Products Holdings Corp., aka RPM,
Inc., is a wholly owned subsidiary of RPM International Inc.  The
Company is the holding company parent of Bondex International,
Inc., and the direct or indirect parent of certain additional
domestic and foreign subsidiaries.  The Company claims to be a
leading manufacturer, distributor and seller of various specialty
chemical product lines, including exterior insulating finishing
systems, powder coatings, fluorescent colorants and pigments,
cleaning and protection products, fuel additives, wood treatments
and coatings and sealants, in both the industrial and consumer
markets.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 10-11780) on May 31, 2010.  Gregory M. Gordon, Esq.,
Dan B. Prieto, Esq., and Robert J. Jud, Esq., at Jones Day, serve
as bankruptcy counsel.  Daniel J. DeFranceschi, Esq., and Zachary
I. Shapiro, Esq., at Richards Layton & Finger, serve as co-
counsel.  Logan and Company is the Company's claims and notice
agent.  The Company estimated its assets and debts at $100 million
to $500 million.

The Company's affiliate, Bondex International, Inc., filed a
separate Chapter 11 petition on May 31, 2010 (Case No. 10-11779),
estimating its assets and debts at $100 million to $500 million.


SPEEDEMISSIONS INC: Chief Financial Officer Quits
-------------------------------------------------
Larry C. Cobb resigned from his position as the Chief Financial
Officer of Speedemissions, Inc., effective July 1, 2013.

As part of his resignation, Mr. Cobb indicated that his decision
is not a result of any disagreements with the Company over matters
relating to the Company's operations, policies, or practices.  Mr.
Cobb has been a valued member of the executive management team and
has served the Company faithfully and professionally during his
term of employment with the Company.  Mr. Cobb will continue to
perform services for the Company, on a consulting basis,
concentrating in the areas of business planning and SEC
compliance.

In connection with the resignation of Mr. Cobb as the Chief
Financial Officer of the Company, the Board of Directors of the
Company appointed Dannie Daugherty, Jr., as the Company's Chief
Financial Officer effective July 1, 2013.  Mr. Daugherty (age 43)
has been employed by the Company since July 2012, when he was
hired as the Company's Controller.  Prior to his employment with
the Company, Mr. Daugherty was employed by BB&T, a financial
services holding company, as Controller of Lendmark Financial
Services (a wholly owned subsidiary) from April, 2007 to July,
2012.  As Controller, Mr. Daugherty was responsible for the
oversight and management of accounting services as well as
managing the month-end close process which included preparation of
consolidated financial statements for Lendmark as well as three
Lendmark-held subsidiaries.

Mr. Daugherty will not have a written employment agreement with
the Company, but his base salary will be adjusted accordingly as a
result of this promotion and he will be entitled to participate in
health benefit plans and employee stock programs of the Company
generally available to full-time employees.

                       About Speedemissions

Tyrone, Georgia-based Speedemissions, Inc., is a test-only
emissions testing and safety inspection company.

The Company reported a net loss of $281,723 for the nine months
ended Sept. 30, 2012.  The Company reported a net loss of $1.6
million in 2011, compared with a net loss of $2.2 million in 2010.

After auditing the 2011 results, Habif, Arogeti & Wynne, LLP, in
Atlanta, Georgia, expressed substantial doubt about
Speedemissions' ability to continue as a going concern.  The
independent auditors noted that the Company has suffered recurring
losses from operations and has a capital deficiency.

The Company's balance sheet at March 31, 2013, showed $2.56
million in total assets, $2.02 million in total liabilities, $4.57
million in series A convertible, redeemable preferred stock, and a
$4.04 million total shareholders' deficit.


SPIRE CORP: Common Stock to Cease Trading on Nasdaq
---------------------------------------------------
Spire Corporation, on June 25, 2013, received notification from
Nasdaq stating that the Company's common stock will be delisted
from The Nasdaq Capital Market and that trading in the Company's
common stock will be suspended at the opening of business on
July 5, 2013.

As previously disclosed, on June 26, 2012, Spire Corporation
received a notice from The Nasdaq Stock Market advising the
Company that for 30 consecutive trading days preceding the date of
the notice, the bid price of the Company's common stock had closed
below the $1.00 per share minimum required for continued listing
on The Nasdaq Capital Market pursuant to Nasdaq Marketplace Rule
5550(a)(2).  The Company was given 180 calendar days, or until
Dec. 24, 2012, to regain compliance with the Minimum Bid Price
Rule.  On Dec. 26, 2012, the Company received a notice from Nasdaq
indicating that the Nasdaq staff had determined that the Company
was eligible for an additional 180 calendar day period, or until
June 24, 2013, to demonstrate compliance with the Minimum Bid
Price Rule.  The Company was not able to regain compliance by
June 24, 2013.

The Company does not intend to appeal the Staff's delisting
determination.  The delisting will be completed once Nasdaq files
a Form 25-NSE with the Securities and Exchange Commission.  The
Company expects that its common stock will trade on the OTC
Bulletin Board under the Company's current symbol "SPIR" upon
delisting from Nasdaq, or as soon as practicable thereafter.  The
Company intends to continue to file periodic reports with the SEC
pursuant to the requirements of the Securities Exchange Act of
1934, as amended.

                          About Spire Corp

Bedford, Massachusetts-based Spire Corporation currently develops,
manufactures and markets customized turn-key solutions for the
solar industry, including individual pieces of manufacturing
equipment and full turn-key lines for cell and module production
and testing.

McGladrey LLP, in Boston, Massachusetts, expressed substantial
doubt about Spire Corporation's ability to continue as a going
concern.  The independent auditors noted that during the year
ended Dec. 31, 2012, the Company incurred a loss from continuing
operations of $4.8 million and continuing operating cash flows
used $6.9 million in cash.  In addition, the independent auditors
noted that the Company's credit agreements are due to expire on
June 29, 2013.

The Company reported a net loss of $1.9 million on total net sales
and revenues of $22.1 million in 2012, compared with a net loss of
$1.5 million on total net sales of $58.7 million in 2011.  The
Company's balance sheet at March 31, 2013, showed $15.06
million in total assets, $9.88 million in total liabilities and
$5.18 million in total stockholders' equity.


SPIRIT REALTY: Declares Pro-Rated Dividend of $0.3125 Per Share
---------------------------------------------------------------
The respective boards of directors and shareholders of Spirit
Realty Capital, Inc., and Cole Credit Property Trust II, Inc.,
previously approved the merger of Spirit Realty Capital and CCPT
II pursuant to a definitive agreement, dated Jan. 22, 2013, to
create one of the largest publicly traded triple-net-lease real
estate investment trusts in the United States.  The transaction is
expected to close in the third quarter of 2013 contingent upon the
satisfaction of certain contractual closing obligations.

In order to harmonize the dividends of the two companies in
anticipation of the merger, the Board of Directors of Spirit
Realty Capital has declared a pro-rated dividend for the third
quarter based on a quarterly dividend of $0.3125 per share on
Spirit Realty Capital's common stock, with shareholders of record
as of 5:00 p.m. New York time on the day before the effective date
of the merger receiving $0.0034 per share per day for the period
from and including July 1, 2013, the first day of the third
quarter, through and including the day before the effective date
of the merger.  Payment of the pro-rated dividend is contingent
upon the closing of the merger.

Spirit Realty Capital anticipates that the surviving corporation
will declare a dividend for the remainder of the third quarter
following the closing of the merger in ordinary course.

                        About Spirit Realty

Spirit Finance Corporation (now known as Spirit Realty Capital,
Inc.) headquartered in Phoenix, Arizona, is a REIT that acquires
single-tenant, operationally essential real estate throughout
United States to be leased on a long-term, triple-net basis to
retail, distribution and service-oriented companies.

The Company incurred a net loss of $76.23 million in 2012, a net
loss of $63.86 million in 2011, and a net loss of $86.53 million
net loss in 2010.  The Company's balance sheet at Dec. 31, 2012,
showed $3.24 billion in total assets, $1.99 billion in total
liabilities and $1.25 billion in total stockholders' equity.

                           *     *     *

As reported by the TCR on Jan. 30, 2013, Standard & Poor's Ratings
Services placed its 'B' corporate credit rating on Spirit Realty
Capital Inc. (Spirit) on CreditWatch with positive implications.

"The CreditWatch placement follows the announcement that Spirit
will merge with Cole Credit Property Trust II (unrated), a
nontraded REIT, in a stock-for-stock exchange," said credit
analyst Elizabeth Campbell.  "The merged company, which will
retain the name Spirit, will become the second-largest publicly
traded triple-net-lease REIT in the U.S. with a pro forma
enterprise value of approximately $7.1 billion."

As reported by the TCR on April 19, 2013, Moody's Investors
Service withdrew its Caa1 corporate family rating for Spirit
Realty Capital.  Moody's has withdrawn the rating for business
reasons.


STEREOTAXIS INC: Extends Maturities of Credit Pacts to July 31
--------------------------------------------------------------
Stereotaxis, Inc., and its wholly owned subsidiary, entered into a
Sixth Loan Modification and Waiver Agreement (Domestic) with
Silicon Valley Bank further amending the terms of that certain
Second Amended and Restated Loan and Security Agreement (Domestic)
dated Nov. 30, 2011, as amended, to extend the maturity of the
revolving line of credit under the Amended Loan Agreement from
June 30, 2013, to July 31, 2013, and decrease the amount of
available advances under the revolving credit line from $13
million to $6 million.  In addition, the Bank waived the testing
of the tangible net worth and liquidity ratio financial covenants
under the Amended Loan Agreement for the period ended June 30,
2013.

On June 28, 2013, the Company and the Subsidiary also entered into
an Export-Import Bank Fifth Loan Modification Agreement with the
Bank to extend the maturity date of the revolving line of credit
under that certain Amended and Restated Export-Import Bank Loan
and Security Agreement dated Nov. 30, 2011, as amended, from
June 30, 2013, to July 31, 2013.

On June 28, 2013, in conjunction with the Silicon Valley Bank
extension, the Company entered into a further amendment to the
Note and Warrant Purchase Agreement effective as of Feb. 7, 2008,
as amended, with Alafi Capital Company LLC and certain affiliates
of Sanderling Venture Partners to further extend the Lenders'
obligation to provide $3 million in either direct loans to the
Company or loan guarantees to the Company's primary bank lender
through July 31, 2013.  The guarantees would terminate earlier if
the Company consummates a third party, non-bank financing of $8
million prior to July 31, 2013.  The Company granted to the
Lenders warrants to purchase an aggregate of 48,387 shares of
Common Stock in exchange for their extension.  The Extension
Warrants are exercisable at $1.55 per share.

Sanderling is an affiliate of Fred A. Middleton, who is a member
of the Company's Board of Directors.

Copies of the Amendments are available for free at:

                        http://is.gd/4HOGdN
                        http://is.gd/uj7yLR
                        http://is.gd/Hw24Tt

                         About Stereotaxis

Based in St. Louis, Mo., Stereotaxis, Inc., designs, manufactures
and markets the Epoch Solution, which is an advanced remote
robotic navigation system for use in a hospital's interventional
surgical suite, or "interventional lab", that the Company believes
revolutionizes the treatment of arrhythmias and coronary artery
disease by enabling enhanced safety, efficiency and efficacy for
catheter-based, or interventional, procedures.

For the year ended Dec. 31, 2011, Ernst & Young LLP, in St. Louis,
Missouri, expressed substantial doubt about Stereotaxis' ability
to continue as a going concern.  The independent auditors noted
that the Company has incurred recurring operating losses and has a
working capital deficiency.

The Company incurred a net loss of $9.23 million in 2012, as
compared with a net loss of $32.03 million in 2011. The Company's
balance sheet at March 31, 2013, showed $32.22 million in total
assets, $54.93 million in total liabilities, and a $22.71 million
total stockholders' deficit.


SUN BANCORP: Second Curve Held 4.7% Equity Stake at June 10
-----------------------------------------------------------
In an amended Schedule 13G filing with the U.S. Securities and
Exchange Commission, Second Curve Capital, LLC, and Thomas K.
Brown disclosed that, as of June 10, 2013, they beneficially owned
4,074,319 shares of common stock of Sun Bancorp, Inc.,
representing 4.7 percent of the shares outstanding.  A copy of the
regulatory filing is available at http://is.gd/BoxeVB

                         About Sun Bancorp

Sun Bancorp, Inc. (NASDAQ: SNBC) is a $3.23 billion asset bank
holding company headquartered in Vineland, New Jersey, with its
executive offices located in Mt. Laurel, New Jersey.  Its primary
subsidiary is Sun National Bank, a full service commercial bank
serving customers through more than 60 locations in New Jersey.

The Company's balance sheet at March 31, 2013, showed
$3.227 billion in total assets, $2.963 billion in total
liabilities, and stockholders' equity of $264.3 million.

On April 15, 2010, Sun National Bank entered into a written
agreement with the OCC which contained requirements to develop and
implement a profitability and capital plan which provides for the
maintenance of adequate capital to support the Bank's risk profile
in the current economic environment.


SUNTECH POWER: Has Forbearance with Note Holders Until Aug. 30
--------------------------------------------------------------
Suntech Power Holdings Co., Ltd., has reached an accord with
holders of a majority of the 3 percent Convertible Senior Notes
for a new forbearance agreement that sets forth the next steps in
the debt restructuring process.  The new forbearance agreement
provides further time to implement the restructuring and will
expire on Aug. 30, 2013.

In particular, the new agreement contemplates an equitization of
all major debt claims held by the Bondholders.  In addition, the
Bondholders will nominate two additional members to the Company's
Board of Directors who will provide guidance and assist in the
Company's ongoing restructuring efforts.

In the coming weeks, the Bondholders and the Company will work
toward a framework agreement regarding the specific terms of a
debt restructuring and equitization.  The Company and the
Bondholders will also work together to identify strategic and
financial investors to bring in new capital to Suntech.

David King, Suntech's CEO said, "Through the efforts made by the
Bondholders and the Company in the past months, we now have a
clear path and focused work plan.  The Company and the Bondholders
will work closely at both the Board and operational levels in the
coming weeks.  We remain optimistic that a mutually acceptable
consensual restructuring of the Company is achievable."

                           About Suntech

Wuxi, China-based Suntech Power Holdings Co., Ltd. (NYSE: STP)
produces solar products for residential, commercial, industrial,
and utility applications.  With regional headquarters in China,
Switzerland, and the United States, and gigawatt-scale
manufacturing worldwide, Suntech has delivered more than
25,000,000 photovoltaic panels to over a thousand customers in
more than 80 countries.

As reported by the TCR on March 20, 2013, Suntech Power Holdings
Co., Ltd., has received from the trustee of its 3% Convertible
Notes a notice of default and acceleration relating to Suntech's
non-payment of the principal amount of US$541 million that was due
to holders of the Notes on March 15, 2013.  That event of default
has also triggered cross-defaults under Suntech's other
outstanding debt, including its loans from International Finance
Corporation and Chinese domestic lenders.


SWJ MANAGEMENT: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: SWJ Management LLC
        215 West 104th Street
        New York, NY 10025

Bankruptcy Case No.: 13-12123

Chapter 11 Petition Date: June 28, 2013

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

Judge: Allan L. Gropper

Debtor's Counsel: David Carlebach, Esq.
                  LAW OFFICES OF DAVID CARLEBACH, ESQ.
                  40 Exchange Place, Suite 1306
                  New York, NY 10005
                  Tel: (212) 785-3041
                  Fax: (646) 355-1916
                  E-mail: david@carlebachlaw.com

Estimated Assets: $50,000,001 to $100,000,000

Estimated Debts: $50,000,001 to $100,000,000

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

The petition was signed by Richard Annunziata, managing member.

Affiliate that filed separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Ridgewood Realty of Ll                12-14085            09/28/12
  aka SK Mulberry Contract


SYNAGRO TECHNOLOGIES: Reaches Agreement to Pursue EQT Sale Deal
---------------------------------------------------------------
Synagro Technologies, Inc. on July 5 disclosed that it has reached
an agreement with its key stakeholders to pursue its proposed sale
agreement with EQT Infrastructure II through a comprehensive Plan
of Reorganization.

"This agreement is a significant milestone for the Company and all
of our customers, vendors and employees.  We now have a more
certain timeline and a more efficient means of achieving the same
end result as we move ahead in restructuring our debt.  A
reorganized Synagro with significantly reduced leverage is a
powerful change for the Company, as it has been burdened by heavy
leverage for many years.  Our operations are strong and the
conversion to a Plan will make it easier for our customers,
vendors and the Company to continue to operate as normal through
completion of the transaction later this summer," said
Eric Zimmer, Synagro's President and CEO.

The Company filed the proposed Plan of Reorganization and the
related Disclosure Statement on July 3.

EQT Infrastructure II, the second fund within the infrastructure
investment strategy of EQT, in April agreed to purchase Synagro
through a sale under Section 363 of the U.S. Bankruptcy Code.  By
changing the transaction to a sale through a Plan of
Reorganization, the Company will be able to accomplish its
restructuring efforts and close the transaction with EQT in a
timely manner without requiring assignment or other changes to its
customer, vendor and other contractual relationships.

"By shifting to this more efficient process, the sale will be even
more seamless for our customers and partners, as there will be no
change to our contractual relationships," Joe Page, Synagro's
General Counsel said.  "As important, all trade vendors will still
be paid in full for pre-petition amounts owed shortly after the
sale closes."

The proposed Plan of Reorganization will include Synagro's special
purpose entities, which include its facilities in Philadelphia,
Baltimore, and Sacramento, though these entities will continue to
remain outside the Chapter 11 filing process.

EQT is the leading private equity group in Northern Europe with
over EUR 20 billion in raised capital and multiple investment
strategies.  EQT implements its investment strategy by acquiring
or financing high-quality, medium-sized to large companies in the
United States, Northern and Eastern Europe, and Asia, developing
them into leading companies.  EQT Infrastructure II closed in
January 2013 with EUR 1.925 billion of commitments available for
investments.

Synagro on April 24 initiated a Chapter 11 restructuring to
complete the sale and refinance the Company's debt.  The Company's
operations have continued as normal throughout this process,
supporting more than 600 customers across the country, each of
which relies on Synagro's industry-leading biosolids management
solutions to support their daily operations.

Synagro is being advised by the law firm of Skadden Arps Slate
Meagher & Flom, along with financial adviser AlixPartners and
investment bankers Evercore Partners.

                         About Synagro

Synagro Technologies, Inc., based in Houston, Texas, is the
recycler of bio-solids and other organic residuals in the U.S. and
is one of the largest national companies focused exclusivity on
biosolids recycling, which has a market size of $2 billion.  The
Company was formed in 1986, under the name RPM Marketing, Inc.
Synagro's corporate headquarters is currently located in Houston,
Texas but is in the process of being transferred to White Marsh,
Maryland.  The Company also has offices in Lansdale, Pennsylvania,
Rayne, Louisiana, and Watertown, Connecticut.

Synagro Technologies and 29 affiliates sought Chapter 11
protection (Bankr. D. Del. Case no. 13-11041) on April 24, 2013.

Synagro is being advised by the law firm of Skadden Arps Slate
Meagher & Flom, along with financial adviser AlixPartners and
investment bankers Evercore Partners.  Kurtzman Carson &
Consultants serves as notice and claims agent.

Synagro was owned by The Carlyle Group at the time of the
bankruptcy filing.

The Debtor has a deal to sell the assets to private-equity
investor EQT Partners AB for $455 million, absent higher and
better offers in a bankruptcy court-sanctioned auction.


TARGETED MEDICAL: Inks Receivables Funding Pact with Cambridge
--------------------------------------------------------------
Targeted Medical Pharma, Inc., on June 28, 2013, entered into a
Workers' Compensation Receivables Funding Assignment and Security
Agreement with Cambridge Medical Funding Group, L.L.C.

Pursuant to the Receivables Funding Agreement, the Company
assigned to CMFG future proceeds related to receivables or claims
with dates of service between the year 2007 and Dec. 31, 2012,
which have been generated by the Company through treatment to
workers' compensation patients in accordance with California law.
In consideration for the Fund Receivables, CMFG agreed to pay
$3,280,000 to the Company.  CMFG funded $750,000 of the Funding
Amount on June 30, 2013.  The balance of $2,530,000 will be paid
to the Company in July 2013.  A closing fee equal to 3 percent of
the Funding Amount will be deducted from the proceeds of the
Funding Amount and retained by CMFG.

The Receivables Funding Agreement requires that the Company place
$525,000 of the Funding Amount into escrow as a right of offset to
be drawn-down by CMFG in the event the Company's collections
related to Funded Receivables fail to meet the $175,000 monthly
collection requirements as described in greater detail in the
Receivables Funding Agreement.  If the collections related to the
Funded Receivables are less than $175,000 in any month prior to
CMFG's receipt of a total of $3,280,000 in collections related to
the Funded Receivables, then an amount equal to $175,000 less the
amount paid to CMFG toward the CMFG Monthly Amount will be
released from escrow to CMFG.  Upon CMFG's receipt of $1.64
million collections related to the Funded Receivables, $262,500
of the Escrow Amount will be released from escrow to the Company.
The remaining balance will be released to the Company upon CMFG's
receipt of a total of $3,280,000 in collections related to the
Funded Receivables.

CMFG will also be entitled to collect and receive with respect to
each individual Funded Receivable of the Funded Receivables a
servicing fee equal to 5.0 percent of the Company's monthly
collections for providing primary collection activities on all
accounts covered by the Receivables Funding Agreement.

After the payment of certain reimbursement expenses, CMFG will
receive and retain the first $175,000 per month of collections
related to Funded Receivables, commencing July 28, 2013.  The next
$125,000 in the relevant month's collections will be retained by
the Company.  The remainder of the relevant month's collections in
excess of $300,000 will be shared equally between the Company and
CMFG, with 50 percent of the remainder in excess of the $300,000
to be forwarded to each party.  Collections of the first $175,000
per month and CMFG's portion of the monthly collections in excess
of $300,000 related to the Funded Receivables every month
thereafter will be remitted to CMFG until such time as $3,280,000
funding has been recovered by CMFG.  Thereafter, collections and
distributions shall continue as follows: CMFG will withhold
$525,000 of the Funded Receivables as a right of offset to be
drawn down by CMFG in the event the Company's collections related
to Funded Receivables fail to meet the monthly collection
requirements as detailed in the Receivables Funding Agreement.
Upon CMFG's receipt of $1.64 million collections related to the
Funded Receivable, one half of the right of offset amount will be
released to the Company.  The remaining balance will be released
to the Company upon CMFG's receipt of a total of $3,280,000 in
collections related to the Funded Receivables.

A copy of the Receivables Funding Agreement is available at:

                        http://is.gd/TrRezo

Professional Services and Consulting Agreement

On June 28, 2013, the Company entered into a Professional Services
and Consulting Agreement with Cambridge Medical Capital Services,
L.L.C.  The Consulting Agreement will continue until that time as
all obligations or contemplated transactions detailed in the
Common Stock Warrant are met, satisfied or completed in their
entirety.  Pursuant to the Consulting Agreement, CMCS will provide
consultation, guidance and assistance to the Company in areas
relating to medical receivable billing, billing/management
strategies, financing and induction to the financial community.
In consideration for CMCS' services, the Company will pay a one
time fee to CMCS in the amount of $64,000.  That fee will be
reduced to $15,000 in the event that the balance of $3,280,000,
which is due to the Company pursuant to the Receivables Funding
Agreement, is not delivered to the Company.

Professional Services and Consulting Agreement

On June 28, 2013, the Company entered into a Professional Services
and Consulting Agreement with James Giordano.  The Giordano
Consulting Agreement will continue until that time as all
obligations or contemplated transactions detailed in the Common
Stock Warrant are met, satisfied or completed in their entirety.
Pursuant to the Giordano Consulting Agreement, Mr. Giordano will
provide consultation, guidance and assistance to the Company in
areas relating to medical receivable billing, billing/management
strategies, financing and induction to the financial community. In
consideration for Mr. Giordano's services, the Company provided
Mr. Giordano with the Common Stock Warrant.  In the event that the
balance of $3,280,000, which is due to the Company pursuant to the
Receivables Funding Agreement, is not delivered to the Company,
Mr. Giordano's will return 1,000,000 warrant shares to the
Company.

Common Stock Warrant

On June 28, 2013, the Company issued a warrant to James Giordano
for 1,412,500 shares of the Company's common stock, no par value
per share.  The Common Stock Warrant provides that Mr. Giordano
may exercise his warrant on the latter of (i) six months from the
date of issuance and (ii) the date on which the Receivables
Funding Agreement is fully funded, and on or before June 28, 2023,
at a price of $2.00 per share.  The Common Stock Warrant provides
for cashless exercise and grants Mr. Giordano piggyback
registration rights.

                        About Targeted Medical

Los Angeles, Calif.-based Targeted Medical Pharma, Inc., is a
specialty pharmaceutical company that develops and commercializes
nutrient- and pharmaceutical-based therapeutic systems.

Targeted Medical disclosed a comprehensive loss of $9.58 million
on $7.29 million of total revenue for the year ended Dec. 31,
2012, as compared with a comprehensive loss of $4.18 million on
$8.81 million of total revenue during the prior year.

EFP Rotenberg, LLP, in Rochester, New York, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has losses for the year ended Dec. 31, 2012,
totaling $9,586,182 as well as accumulated deficit amounting to
$13,684,789.  Further the Company does not have adequate cash and
cash equivalents as of Dec. 31, 2012, to cover projected operating
costs for the next 12 months.  As a result, the Company is
dependent upon further financing, related party loans, development
of revenue streams with shorter collection times and accelerating
collections on the Company's physician managed and hybrid revenue
streams.

The Company's balance sheet at March 31, 2013, showed $12.22
million in total assets, $14.20 million in total liabilities and a
$1.98 million total shareholders' deficit.


TARSIN INC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Tarsin, Inc.
        916 Southwood Blvd., Bldg. 3, Suite A
        Incline Village, NV 89451

Bankruptcy Case No.: 13-53607

Chapter 11 Petition Date: July 2, 2013

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

Judge: Stephen L. Johnson

Debtor's Counsel: Michael W. Malter, Esq.
                  LAW OFFICES OF BINDER AND MALTER
                  2775 Park Ave.
                  Santa Clara, CA 95050
                  Tel: (408) 295-1700
                  E-mail: michael@bindermalter.com

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

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/canb13-53607.pdf

The petition was signed by Michael Ghiselli, director.

Affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Game2Mobile, Inc.                      13-52062   02/14/13


TC GLOBAL: Tully's Coffee Sale to Dempsey's Group Completed
-----------------------------------------------------------
The Associated Press reported that an investment group led by
actor Patrick Dempsey has completed its $9.2 million acquisition
of Tully's Coffee chain, which filed for Chapter 11 bankruptcy
protection last fall.

According to the report, Dempsey's group, Global Baristas, won an
auction of Tully's assets in federal bankruptcy court in January,
beating out a combined rival bid of about $10.6 million from
AgriNurture Inc. and Starbucks Corp.

Starbucks had wanted to buy about half of Tully's 47 shops in
Washington and California and turn them into Starbucks stores,
while the rest of the company would keep the Tully's name under
the ownership of AgriNurture, which is based in the Philippines,
the report said.

Global Baristas has said it intends to continue operating Tully's
and retain its more than 500 employees, the report added.

TC Global Inc., which operated Tully's, sought bankruptcy
protection in October, citing lease obligations and
underperforming stores, the report related.

Tully's wholesale and online business and brand were acquired by
Green Mountain Coffee Roasters Inc. in 2009, the report recalled.

                          About TC Global

Headquartered in Seattle, Washington, TC Global, Inc., dba Tully's
Coffee -- http://www.tullyscoffeeshops.com/-- is a specialty
coffee retailer and wholesaler.  Through company owned, licensed
and franchised specialty retail stores in Washington, Oregon,
California, Arizona, Idaho, Montana, Colorado, Wyoming and Utah,
throughout Asia with Tully's Coffee International, and with its
global alliance partner Tully's Coffee Japan, Tully's premium
coffees are available at 545 branded retail locations globally.

TC Global Inc. filed a Chapter 11 petition (Bankr. W.D. Wash. Case
No. 12-20253-KAO) on Oct. 10, 2012.

The Debtor is represented by attorneys at Bush Strout & Kornfeld
LLP, in Seattle.

The Debtor disclosed assets of $4.9 million and debt totaling
$3.7 million, including $2.6 million in unsecured claims.

The Seattle-based chain has 57 company-owned stores and 12
franchised.  There are another 71 franchises in grocery stores,
schools and airports.  Tully's will close nine stores following
bankruptcy.

Bloomberg report discloses that Tully's sold the wholesale and
distribution business in 2009, generating $40 million that allowed
a $5.9 million distribution to shareholders.


TECHPRECISION CORP: Delays Annual Report but Expects Net Loss
-------------------------------------------------------------
TechPrecision Corporation, in a Form 12b-25 filing Tuesday, says
that the filing of the Company's annual report on Form 10-K for
the fiscal year ended March 31, 2013, will be delayed.

According to the corporation, as of March 31, 2013, it was not in
compliance with its debt covenants related to the ratio of
earnings available to cover fixed charges and its interest
coverage ratio.

"As a result, we are presently working with our bank to obtain a
waiver for the period ended March 31, 2013, and to finalize the
terms of an amendment to our credit facility, which is expected to
amend our debt covenants for the period from March 31, 2013,
through June 30, 2014, and to extend our revolving line of credit,
due to expire on July 31, 2013.  While there is no guarantee our
negotiations will yield an amendment, any amendment executed will
be described in a Current Report on Form 8-K to be filed with the
Securities and Exchange Commission within the time frame allowed
for such a report.  The nature and terms of any amendment
resulting from our current negotiations will directly affect the
presentation of our financial statements and footnotes, our
liquidity and capital resources, and the related disclosures to be
included in our Annual Report on Form 10-K for the year ended
March 31, 2013

"If we are not able to obtain a waiver for the period ended
March 31, 2013, along with a favorable amendment to our credit
facility and the debt covenants as described above, all of our
indebtedness under the credit facility could become due.  If the
debt under the credit facility becomes accelerated and the lender
demands repayment, we would be unable to pay the obligation
because the Company does not have existing facilities nor
sufficient cash on hand to satisfy these obligations.

"KPMG LLP, our independent registered public accounting firm, has
informed us that if we are not able to obtain a waiver for the
period ended March 31, 2013, along with an appropriate waiver of
or sufficient modification to existing covenants applicable to
future periods, its report on the Company's consolidated financial
statements for the fiscal year ended March 31, 2013, will contain
an explanatory paragraph indicating there is substantial doubt
about the Company's ability to continue as a going concern.

"In light of the foregoing, the process of completing the
financial statements and the related information required to be
included in the Annual Report could not be completed by the
scheduled filing deadline for the Annual Report.  We currently
intend to file the Annual Report as soon as practicable following
the execution of any amendment to our credit facility."

The corporation expects to report a net loss for the year ended
March 31, 2013, compared to a net loss of $2.1 million for the
comparable period ended March 31, 2012.

Center Valley, Pa.-based TechPrecision Corporation hrough its
wholly owned subsidiaries, Ranor, Inc., and Wuxi Critical
Mechanical Components Co., Ltd., globally manufactures large-
scale, metal fabricated and machined precision components and
equipment.

      The corporation reported a net loss of $1.3 million on
      $22.5 million of net sales for the nine months ended Dec. 31,
2012, compared with a net loss of $854,978 on $27.2 million of net
sales for the nine months ended Dec. 31, 2011.

The corporation's balance sheet at Dec. 31, 2012, showed
$22.4 million in total assets, $11.3 million in total liabilities,
and shareholders' equity of $11.1 million.


TM REAL ESTATE: Case Summary & Unsecured Creditor
-------------------------------------------------
Debtor: TM Real Estate Holding LLC
          aka T. M. Realty Holding Corp.
        3700 Richmond Avenue
        Staten Island, NY 10312

Bankruptcy Case No.: 13-44046

Chapter 11 Petition Date: June 28, 2013

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

Judge: Carla E. Craig

Debtor's Counsel: Yann Geron, Esq.
                  FOX ROTHSCHILD, LLP
                  100 Park Avenue
                  New York, NY 10017
                  Tel: (212) 878-7900
                  Fax: (212) 692-0940
                  E-mail: ygeron@foxrothschild.com

Scheduled Assets: $10,900,000

Scheduled Liabilities: $10,497,264

The petition was signed by John Noce, manager.

The Company's list of its largest unsecured creditors filed with
the petition contains only one entry:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
NYC Department & Finance           Property Tax           $445,736
P.O. Box 680                       Assessment for
Newark, NJ 07101-0680              Lot 80


TM REAL ESTATE: Section 341(a) Meeting Scheduled for Aug. 5
-----------------------------------------------------------
A meeting of creditors in the bankruptcy case of TM Real Estate
Holding LLC will be held on Aug. 5, 2013, at 2:00 p.m. at 271-C
Cadman Plaza East, Room 4529, Brooklyn, New York.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

TM Real Estate Holding LLC filed a Chapter 11 petition (Bankr.
E.D.N.Y. Case No. 13-44046) on June 28, 2013.


TPO HESS: U.S. Trustee Appoints 3-Member Creditors' Committee
-------------------------------------------------------------
Roberta A. DeAngelis, U.S. Trustee for Region 3, named three
members to the Official Committee of Unsecured Creditors Appointed
in the Chapter 11 cases of TPO Hess Holdings, Inc., and its debtor
affiliates.

The committee members are:

   1. AGNL Hess Ohio, L.L.C.
      Angelo, Gordon & Co., L.P.
      Attn: Gordon J. Whiting, Managing Director
      245 Park Avenue, 26th Floor
      New York, NY 10167
      Phone: (212) 883-4157
      Fax: (212) 883-4141.

   2. Bradner Smith & Company
      Attn: Christopher Kouros
      2300 Arthur Avenue
      Elkgrove Village, IL 60007
      Phone: (847) 290-5531
      Fax: (847) 290-7979.

   3. Unisource Worldwide, Inc.
      Attn: James P. Salvadori, Corporate Vice President
         for Credit Services
      850 N. Arlington Heights Road
      Itasca, IL 60143
      Phone: (630) 875-7821
      Fax: (866) 797-2684.

                        About TPO Hess

Commercial and educational printer TPO Hess Holdings Inc., D.B.
Hess Co., The Press of Ohio and other affiliates sought Chapter 11
protection (Bankr. D. Del. Case No. 13-11327) on May 22, 2013, to
seek approval of a liquidation plan that contemplates the sale of
the business to Bang Printing of Ohio Inc., absent higher and
better offers.

D.B. Hess was founded 1797 in Woodstock, Illinois.  D.B. Hess and
its affiliates are now leading provider of print, related
services, and technology.  Hess ranks among the top 50 U.S.
printers and has become one of the industry's most respected low-
to-medium volume producers of commercial and educational
materials. Hess Holdings, the ultimate parent, was formed after
Wellspring Capital Management LLC and certain co-investors
acquired D.B. Hess and The Press of Ohio in 2006.

The proposed purchaser, Bang Printing Of Ohio, Inc., is
represented by Leonard, Street and Deinard.

The Debtors have tapped Pauline K. Morgan at Young Conaway
Stargatt & Taylor, LLP, and Paul Weiss Rifkind Wharton Garrison,
LLP, as counsel, Epiq Bankruptcy Solutions as claims and noticing
agent, and Houlihan Lokey as financial advisor.

Holders of $74 million in second-lien notes had already
unanimously accepted the plan where they would receive $1.5
million, or a 2 percent recovery.  First-lien debt of $11.9
million is to be paid in full.  Unsecured creditors with $20
million in claims didn't vote on the plan because they are to
receive nothing.  The bankruptcy court scheduled a July 24
confirmation hearing for approval of the plan.


TPO HESS: Has Final Authority to Obtain Loans, Use Cash Collateral
------------------------------------------------------------------
TPO Hess Holdings, Inc., and its debtor affiliates received final
authority from the U.S. Bankruptcy Court for the District of
Delaware to obtain senior secured postpetition financing in the
aggregate amount not exceeding $20 million and to use the cash
collateral securing their prepetition indebtedness.

To secure the DIP Obligations, the DIP Lenders are granted first-
priority security interests in and liens on all real and personal
property of the Debtors and a superpriority administrative claim.
The First Lien Secured Parties and the Second Lien Secured Parties
are granted adequate protection to the extent of any diminution in
value of their interests in the Cash Collateral in the form of
liens and superpriority claims.

All objections to the motion, including the objection raised by
the Official Committee of Unsecured Creditors, to the extent not
withdrawn, are resolved or overruled.  The Creditors' Committee
complained that the capital structure and the Debtors' proposed
sale to a stalking horse bidder present challenges to all of the
Debtors' stakeholders, but the Debtors' secured lenders are
attempting to mitigate those challenges at the expense of
unsecured creditors by seeking significant and unjustified
protections under the Final DIP and Cash Collateral Order.  The
Creditors' Committee pointed out that: (1) the proposed Final
Order provides for a waiver of the Debtors' rights under Section
506(c) of the Bankruptcy Code; (2) the DIP Facility provides an
unwarranted adequate protection and new liens in, and
superpriority claims on, Chapter 5 avoidance actions and their
proceeds; and (3) the Final Order places undue restrictions on the
Committee's ability to investigate and pursue a challenge to the
validity of the Lenders' prepetition liens and claims, and does
not provide the Committee with automatic standing to pursue a
challenge.

In approving the DIP and Cash Collateral motion, the Court held
that the Debtors' use of the DIP loans and the Cash Collateral is
necessary to enable them to continue to operate their business, to
administer and preserve the value of their estates, and to
consummate the proposed asset sale.  Specifically, the DIP
Facility and the Cash Collateral will be used to pay, among other
things, $695,000 to prepetition vendors whose services are
critical to the operation of the Debtors' business.  Moreover, the
Court noted that given their current financial condition,
financing arrangements and capital structure, the Debtors are
unable to obtain financing from sources other than the DIP Lenders
on terms more favorable than provided for in the DIP Facility.

A full-text copy of the Final DIP and Cash Collateral Order, dated
June 17, 2013, is available for free at:

        http://bankrupt.com/misc/TPOHESScashcollord0617.pdf

Mark D. Collins, Esq., Christopher M. Samis, Esq., and Andrew C.
Irgens, Esq., at Richards, Layton & Finger, P.A., in Wilmington,
Delaware, and Cathy Hershcopf, Esq., and Robert Winning, Esq., at
Cooley LLP, in New York, argued for the Committee.

                        About TPO Hess

Commercial and educational printer TPO Hess Holdings Inc., D.B.
Hess Co., The Press of Ohio and other affiliates sought Chapter 11
protection (Bankr. D. Del. Case No. 13-11327) on May 22, 2013, to
seek approval of a liquidation plan that contemplates the sale of
the business to Bang Printing of Ohio Inc., absent higher and
better offers.

D.B. Hess was founded 1797 in Woodstock, Illinois.  D.B. Hess and
its affiliates are now leading provider of print, related
services, and technology.  Hess ranks among the top 50 U.S.
printers and has become one of the industry's most respected low-
to-medium volume producers of commercial and educational
materials. Hess Holdings, the ultimate parent, was formed after
Wellspring Capital Management LLC and certain co-investors
acquired D.B. Hess and The Press of Ohio in 2006.

The proposed purchaser, Bang Printing Of Ohio, Inc., is
represented by Leonard, Street and Deinard.

The Debtors have tapped Pauline K. Morgan at Young Conaway
Stargatt & Taylor, LLP, and Paul Weiss Rifkind Wharton Garrison,
LLP, as counsel, Epiq Bankruptcy Solutions as claims and noticing
agent, and Houlihan Lokey as financial advisor.

Holders of $74 million in second-lien notes had already
unanimously accepted the plan where they would receive $1.5
million, or a 2 percent recovery.  First-lien debt of $11.9
million is to be paid in full.  Unsecured creditors with $20
million in claims didn't vote on the plan because they are to
receive nothing.  The bankruptcy court scheduled a July 24
confirmation hearing for approval of the plan.

A three-member Official Committee of Unsecured Creditors was
appointed in the Debtors' Chapter 11 cases.


TPO HESS: Has Authority to Employ Young Conaway as Local Counsel
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
TPO Hess Holdings, Inc., et al., to employ Young Conaway Stargatt
& Taylor, LLP as local bankruptcy counsel.

The principal attorneys and paralegals at Young Conaway presently
designated to represent the Debtors are:

                                    Hourly Rate
                                    -----------
      Pauline K. Morgan                $730
      Ryan M. Bartley                  $355
      Laurel D. Roglen                 $285
      Melissa Romano (Paralegal)       $190

                        About TPO Hess

Commercial and educational printer TPO Hess Holdings Inc., D.B.
Hess Co., The Press of Ohio and other affiliates sought Chapter 11
protection (Bankr. D. Del. Case No. 13-11327) on May 22, 2013, to
seek approval of a liquidation plan that contemplates the sale of
the business to Bang Printing of Ohio Inc., absent higher and
better offers.

D.B. Hess was founded 1797 in Woodstock, Illinois.  D.B. Hess and
its affiliates are now leading provider of print, related
services, and technology.  Hess ranks among the top 50 U.S.
printers and has become one of the industry's most respected low-
to-medium volume producers of commercial and educational
materials. Hess Holdings, the ultimate parent, was formed after
Wellspring Capital Management LLC and certain co-investors
acquired D.B. Hess and The Press of Ohio in 2006.

The proposed purchaser, Bang Printing Of Ohio, Inc., is
represented by Leonard, Street and Deinard.

The Debtors have tapped Pauline K. Morgan at Young Conaway
Stargatt & Taylor, LLP, and Paul Weiss Rifkind Wharton Garrison,
LLP, as counsel, Epiq Bankruptcy Solutions as claims and noticing
agent, and Houlihan Lokey as financial advisor.

Holders of $74 million in second-lien notes had already
unanimously accepted the plan where they would receive $1.5
million, or a 2 percent recovery.  First-lien debt of $11.9
million is to be paid in full.  Unsecured creditors with $20
million in claims didn't vote on the plan because they are to
receive nothing.  The bankruptcy court scheduled a July 24
confirmation hearing for approval of the plan.

A three-member Official Committee of Unsecured Creditors was
appointed in the Debtors' Chapter 11 cases.


TPO HESS: Gets Court OK to Employ Paul Weiss as Special Counsel
---------------------------------------------------------------
TPO Hess Holdings, Inc., and its debtor affiliates, received the
green light from the U.S. Bankruptcy Court for the District of
Delaware to employ Paul, Weiss, Rifkind, Wharton & Garrison LLP,
as their special corporate and transactions counsel in connection
with the sale of the Debtors' assets and operations, financing,
certain tax and employee benefits issues, and the negotiation and
drafting of appropriate corporate documents with respect to the
consummation of the prepackaged plan of liquidation and general
corporate matters.

Paul Weis will charge the Debtors for its legal services on an
hourly basis.  The firm's billing rates currently range from $850
to $1,160 for partners, $800 to $835 for counsel, $445 to $765 for
associates and $85 to $255 for para-professionals.

In the year immediately preceding the bankruptcy filing, Paul
Weiss received $1.97 million for payment of fees and expenses.
Paul Weiss holds a $28,400 retainer, part of which will be applied
to $27,000 still owing to the firm for prepetition services.

                        About TPO Hess

Commercial and educational printer TPO Hess Holdings Inc., D.B.
Hess Co., The Press of Ohio and other affiliates sought Chapter 11
protection (Bankr. D. Del. Case No. 13-11327) on May 22, 2013, to
seek approval of a liquidation plan that contemplates the sale of
the business to Bang Printing of Ohio Inc., absent higher and
better offers.

D.B. Hess was founded 1797 in Woodstock, Illinois.  D.B. Hess and
its affiliates are now leading provider of print, related
services, and technology.  Hess ranks among the top 50 U.S.
printers and has become one of the industry's most respected low-
to-medium volume producers of commercial and educational
materials. Hess Holdings, the ultimate parent, was formed after
Wellspring Capital Management LLC and certain co-investors
acquired D.B. Hess and The Press of Ohio in 2006.

The proposed purchaser, Bang Printing Of Ohio, Inc., is
represented by Leonard, Street and Deinard.

The Debtors have tapped Pauline K. Morgan at Young Conaway
Stargatt & Taylor, LLP, and Paul Weiss Rifkind Wharton Garrison,
LLP, as counsel, Epiq Bankruptcy Solutions as claims and noticing
agent, and Houlihan Lokey as financial advisor.

Holders of $74 million in second-lien notes had already
unanimously accepted the plan where they would receive $1.5
million, or a 2 percent recovery.  First-lien debt of $11.9
million is to be paid in full.  Unsecured creditors with $20
million in claims didn't vote on the plan because they are to
receive nothing.  The bankruptcy court scheduled a July 24
confirmation hearing for approval of the plan.

A three-member Official Committee of Unsecured Creditors was
appointed in the Debtors' Chapter 11 cases.


TRAINOR GLASS: Brian Welch Granted Leave to Withdraw as Counsel
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, granted Brian P. Welch, Esq., at Crane, Heyman,
Simon, Welch & Clar, in Chicago, Illinois, leave to withdraw as
counsel for Trainor Glass Company.

Mr. Welch sought leave to withdraw because he has left the firm of
Arnsyein & Lehr LLP.  The Debtor is still being represented by Mr.
Welch's former colleagues at A&L.

                        About Trainor Glass

Trainor Glass Company, doing business as Trainor Modular Walls,
Trainor Solar, and Trainor Florida, filed for Chapter 11
bankruptcy (Bankr. N.D. Ill. Case No. 12-09458) on March 9, 2012.
Trainor was founded in 1953 by Robert J. Trainor Sr. to pursue a
residential glass business in Chicago, Illinois.  Trainor's
business model was focused on quality fabrication, design,
engineering, and installation of glass products and framing
systems in virtually every architectural application, including
(a) new construction, (b) green-building solutions, (c) building
rehabilitation, (d) storefronts and entrances, (e) tenant
interiors, and (f) custom-specialty work.

The Hon. Carol A. Doyle oversees the Chapter 11 case.  David A.
Golin, Esq., Michael L. Gesas, Esq., and Kevin H. Morse, Esq., at
Arnstein & Lehr LLP, serve as the Debtor's counsel.  High Ridge
Partners, Inc., serves as its financial consultant.  The Debtor
has tapped Cole, Martin & Co., Ltd., to render certain auditing
services related to the Debtor's 401(k) and profit sharing plan.

The Debtor scheduled $14,276,745 in assets and $64,840,672 in
liabilities.

A three-member official committee of unsecured creditors has been
appointed in the case.  The committee retained Sugar Felsenthal
Grais & Hammer LLP as counsel.


TRAINOR GLASS: Has Until Aug. 31 to File Plan
---------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, extended Trainor Glass Company's exclusive
period to file a plan until Aug. 31, 2013, and its exclusive
period to solicit acceptances of that plan until Oct. 31.

According to the Debtor, the additional time will be used to
continue to consult and work with the Official Committee of
Unsecured Creditors and First Midwest Bank to formulate a plan.

Michael L. Gesas, Esq., David A. Golin, Esq., and Kevin H. Morse,
Esq., at ARNSTEIN & LEHR LLP, in Chicago, Illinois, represent the
Debtors.

                        About Trainor Glass

Trainor Glass Company, doing business as Trainor Modular Walls,
Trainor Solar, and Trainor Florida, filed for Chapter 11
bankruptcy (Bankr. N.D. Ill. Case No. 12-09458) on March 9, 2012.
Trainor was founded in 1953 by Robert J. Trainor Sr. to pursue a
residential glass business in Chicago, Illinois.  Trainor's
business model was focused on quality fabrication, design,
engineering, and installation of glass products and framing
systems in virtually every architectural application, including
(a) new construction, (b) green-building solutions, (c) building
rehabilitation, (d) storefronts and entrances, (e) tenant
interiors, and (f) custom-specialty work.

The Hon. Carol A. Doyle oversees the Chapter 11 case.  David A.
Golin, Esq., Michael L. Gesas, Esq., and Kevin H. Morse, Esq., at
Arnstein & Lehr LLP, serve as the Debtor's counsel.  High Ridge
Partners, Inc., serves as its financial consultant.  The Debtor
has tapped Cole, Martin & Co., Ltd., to render certain auditing
services related to the Debtor's 401(k) and profit sharing plan.

The Debtor scheduled $14,276,745 in assets and $64,840,672 in
liabilities.

A three-member official committee of unsecured creditors has been
appointed in the case.  The committee retained Sugar Felsenthal
Grais & Hammer LLP as counsel.


TRANS ENERGY: Shareholders Elect Seven Directors
------------------------------------------------
At its 2013 annual general and special meeting of shareholders
which was held on June 28, 2013, Trans Energy, Inc.'s shareholders
elected seven directors to serve for terms of one year until the
next annual meeting or until their successors have been elected
and qualified, namely:

   (1) John G. Corp;
   (2) Loren E. Bagley;
   (3) William F. Woodburn;
   (4) Robert L. Richards;
   (5) Richard L. Starkey;
   (6) Stephen P. Lucado; and
   (7) Josh L. Sherman.

The Company's shareholders voted to approve a proposal to ratify
the appointment of Maloney + Novotny, LLC, as the Company's
independent registered public accounting firm for the year ending
Dec. 31, 2013.

                         About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its
operations are presently focused in the State of West Virginia.

In its audit report on the Company's 2011 results, Maloney +
Novotny, LLC, in Cleveland, Ohio, noted that the Company has
generated significant losses from operations and has a working
capital deficit of $18.37 million at Dec. 31, 2011, which together
raises substantial doubt about the Company's ability to continue
as a going concern.

The Company's balance sheet at March 31, 2013, showed $85.10
million in total assets, $79.41 million in total liabilities and
$5.68 million in total stockholders' equity.


TRANS-LUX CORP: Lowers Net Loss to $304,000 in First Quarter
------------------------------------------------------------
Trans-Lux Corporation filed with the U.S. Securities and Exchange
Commission on July 2, 2013, its quarterly report on Form 10-Q for
the period ended March 31, 2013, and annual report on Form 10-K
for the year ended Dec. 31, 2012.

The late filed periodic report disclosed a net loss of $304,000 on
$4.09 million of total revenues for the three months ended
March 31, 2013, as compared with a net loss of $1.67 million on
$5.60 million of total revenues for the same period a year ago.

For the year ended Dec. 31, 2012, the Company incurred a net loss
of $1.36 million on $23.02 million of total revenues, as compared
with a net loss of $1.41 million on $23.75 million of total
revenues during the prior year.

As of March 31, 2013, the Company had $20 million in total assets,
$18.31 million in total liabilities and $1.69 million in total
stockholders' equity.

"Our independent registered public accounting firm has issued an
opinion on our consolidated financial statements that states that
the consolidated financial statements were prepared assuming we
will continue as a going concern and further states that the
continuing losses and uncertainty regarding the ability to make
the required minimum funding contributions to the pension plan as
well as the sinking fund payments on the Debentures and the
principal and interest payments on the Notes and the Debentures
raises substantial doubt about our ability to continue as a going
concern.  As a result, if the Company is unable to (i) obtain
additional liquidity for working capital, (ii) make the required
minimum funding contributions to the pension plan and (iii) make
the required principal and interest payments on the Notes and
Debentures, there would be a significant adverse impact on the
financial position and the operating results of the Company."

A copy of the Form 10-Q is available for free at:

                        http://is.gd/VEZ9mu

A copy of the Form 10-K is available for free at:

                        http://is.gd/0yTgF9

                    About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.


TRAVELPORT LLC: New $1.55-Bil. Term Loan Gets Moody's B1 Rating
---------------------------------------------------------------
Moody's Investors service has assigned a B1 rating to the proposed
$1554 million first-lien term loan issued by Travelport LLC.
Concurrently, Moody's has affirmed Travelport's Caa1 corporate
family rating; the Caa1-PD probability of default rating; the Caa2
ratings of its second lien and the Caa2 rating of the senior
unsecured notes. Moody's has also affirmed the Caa3 rating on the
subordinated notes. The outlook on all ratings is negative.

Ratings Rationale:

Assignment of B1 to Proposed First Lien

The B1 rating assigned to Travelport's first-lien debt reflects
their contractual priority ranking in Travelport's capital
structure. Moody's understands the new first lien facility to
benefit from the same guarantor and security package as the
company's existing first lien facility, although the $120 million
super-senior revolving facility (RCF) will benefit from a super-
priority claim in the waterfall.

Affirmation of the Caa1 CFR and Caa1-PD PDR

The affirmation of Travelport's Caa1 CFR is driven by (1) the net-
debt-neutral nature of the transaction which will improve the
company's maturity-profile, (2) an improvement in Travelport's
liquidity profile as the company will be able to free up cash
currently held as collateral for its letters of credit facility.

Affirmation of Existing Debt-Instruments

As the proceeds from the $ 1554 million first-lien facility will
refinance existing first-lien instruments of a similar amount, the
refinancing will have no impact on the relative ranking of the
existing debt-instruments. The size of Travelport's super-senior
RCF of $120 million remains overall small compared to the amount
of total outstanding debt.

Following the refinancing, Moody's expects Travelport's liquidity
profile to be adequate. The new first lien facility will allow for
debt maturities to be pushed significantly out, however, the
rating agency notes there is a springing maturity clause in the
first lien documentation requiring existing debt to be refinanced
or redeemed at least 91 days before maturity for the clause not to
be triggered. Moody's expects headroom under the company's
financial covenants to remain limited.

Negative Outlook

The maintenance of the negative outlook essentially reflects
Travelport's continued high leverage, measured as adjusted
debt/EBITDA. Whereas Moody's would expect Travelport's operating
performance to improve in 2013, a stabilization of the outlook
would require Travelport to show throughout 2013 that its capital
structure is sustainable by achieving a reduction in its leverage
towards 7.0x debt/EBITDA over time.

What Could Change the Rating Up/Down?

Given Travelport's high leverage, any positive rating pressure is
unlikely in the short term. However, Moody's could stabilize the
ratings if the group succeeds in implementing the deleveraging
trend.

Conversely, negative pressure would likely be exerted on the
rating if there were no improvement in Travelport's earnings in
2013. Finally, negative pressure could also result if Travelport's
near-term liquidity were to become constrained. Given the group's
lack of near-term debt maturities, constrained liquidity would
likely result from a lack of covenant headroom on the company's
loans.

The principal methodology used in this rating was the Global
Business & Consumer Service Industry Rating Methodology published
in October 2010. Other methodologies used include Loss Given
Default for Speculative-Grade Non-Financial Companies in the U.S.,
Canada and EMEA published in June 2009.

Headquartered in Atlanta, Georgia, Travelport is a leading
provider of transaction processing services to the travel industry
through its global distribution system (GDS) business, which
includes the group's airline information technology solutions
business. During FY2012, the group reported revenues and adjusted
EBITDA of $2.0 billion and $513 million, respectively.


TWIN STAR: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Twin Star Coal Company, Inc.
        P.O. Box 81
        Cranks, KY 40820

Bankruptcy Case No.: 13-60833

Chapter 11 Petition Date: June 28, 2013

Court: United States Bankruptcy Court
       Eastern District of Kentucky (London)

Judge: Gregory R. Schaaf

Debtor's Counsel: Maxie Higgason, Esq.
                  HIGGASON LAW OFFICE
                  109 West First St.
                  Corbin, KY 40701-1403
                  Tel: (606) 528-4140
                  Fax: (606) 528-3302
                  E-mail: maxhigglaw@bellsouth.net

Scheduled Assets: $2,807,849

Scheduled Liabilities: $4,031,503

A copy of the Company's list of its 20 largest unsecured
creditors, filed together with the petition, is available for free
at http://bankrupt.com/misc/kyeb13-60833.pdf

The petition was signed by Ronnie Jackson, president.


TXU CORP: Bank Debt Due Oct. 2017 Trades at 30% Off
---------------------------------------------------
Participations in a syndicated loan under which TXU Corp is a
borrower traded in the secondary market at 69.55 cents-on-the-
dollar during the week ended Friday, July 5, 2013 according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents an increase of 0.46
percentage points from the previous week, The Journal relates.
TXU Corp pays 450 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Oct. 10, 2017.  The bank debt
carries Moody's Caa3 rating and Standard & Poor's CCC rating.  The
loan is one of the biggest gainers and losers among 255 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

              About Energy Future Holdings, fka TXU Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80%-owned entity within the EFH group, is the largest regulated
transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

Energy Future incurred a net loss of $3.36 billion on $5.63
billion of operating revenues for 2012.  This follows net losses
of $1.91 billion in 2011 and $2.81 billion in 2010.

The Company's balance sheet at Dec. 31, 2012, showed $40.97
billion in total assets, $51.89 billion in total liabilities and a
$10.92 billion total deficit.

                Restructuring Talks With Creditors

In April 2013, Energy Future Holdings Corp., Energy Future
Competitive Holdings Company, Texas Competitive Electric Holdings
Company LLC, and Energy Future Intermediate Holding Company LLC
confirmed in a regulatory filing that they are in restructuring
talks with certain unaffiliated holders of first lien senior
secured claims concerning the Companies' capital structure.

The Companies expect to continue to explore all available
restructuring alternatives to facilitate the creation of
sustainable capital structures for the Companies and to otherwise
attempt to address the Creditors' concerns with the Restructuring
Proposal and Sponsor Proposal.

The Companies have retained Kirkland & Ellis LLP and Evercore
Partners to advise the Companies with respect to the potential
changes to the Companies' capital structure and to assist in the
evaluation and implementation of other potential restructuring
options.

The Creditors have retained Paul, Weiss, Rifkind, Wharton &
Garrison LLP and Millstein & Co., L.P. to advise the Creditors and
to assist in the Creditors' evaluation of potential restructuring
options involving the Companies.

According to a Wall Street Journal report, people familiar with
the matter said Apollo Global Management LLC, Oaktree Capital
Management, Centerbridge Partners and GSO Capital Partners, the
credit arm of buyout firm Blackstone Group LP, all hold large
chunks of Energy Future Holdings' senior debt.  Many of these
firms belong to a group being advised by Jim Millstein, a
restructuring expert who helped the U.S. government revamp
American International Group Inc.

According to the Journal, people familiar with Apollo's thinking
said Apollo recently enlisted investment bank Moelis & Co. for
additional advice to ensure it gets as much attention as possible
on the case given its large debt holdings.

                           *     *     *

In the Feb. 1, 2013, edition of the TCR, Fitch Ratings lowered
the Issuer Default Ratings (IDR) of Energy Future Holdings Corp
(EFH) and Energy Future Intermediate Holding Company LLC (EFIH) to
'Restricted Default' (RD) from 'CCC' on the conclusion of the debt
exchange and removed the Rating Watch Negative.

As reported by the TCR on Feb. 4, 2013, Standard & Poor's Ratings
Services said it raised its corporate credit ratings on EFH, EFIH,
TCEH, and Energy Future Competitive Holdings Co. (EFCH) to 'CCC'
from 'D' following the completion of several debt exchanges, each
of which S&P considers distressed.

In February 2013, Moody's Investors Service withdraw Energy
Future Holdings Corp.'s Caa3 Corporate Family Rating, Caa3-PD
Probability of Default Rating, SGL-4 Speculative Grade Liquidity
Rating and developing rating outlook.  At the same time, Moody's
assigned a Ca CFR to Energy Future Competitive Holdings Company
and a B3 CFR to Energy Future Intermediate Holdings Company LLC.
Both EFCH and EFIH are intermediate subsidiary holding companies
wholly-owned by EFH. EFCH's rating outlook is negative. EFIH's
rating outlook is negative.

"We see different default probabilities between EFCH and EFIH,"
said Jim Hempstead, senior vice president. "We believe EFCH has a
high likelihood of default over the next 6 to 12 months, because
it is projected to run out of cash in early 2014. EFIH has a much
lower likelihood of default owing to the credit separateness that
EFH is creating between EFIH and Texas Competitive Electric
Holdings Company LLC along with EFIH's reliance on stable cash
flows from its regulated transmission and distribution utility,
Oncor Electric Delivery Company."


UNIGENE LABORATORIES: Files Chapter 7 Bankruptcy Petition
---------------------------------------------------------
Unigene Laboratories, Inc., filed a Chapter 7 petition (Bankr.
D.N.J. Case No. 13-24696) on July 2, 2013, in New Jersey.  A
Chapter 7 trustee will be appointed by the Court and will assume
control of the Company.  The remaining assets of the Company will
be liquidated in accordance with the Bankruptcy Code.

In its prior regulatory filings with the U.S. Securities and
Exchange Commission, Unigene warned that if it were unable to
resolve outstanding creditor claims, the Company may have no other
alternative than to seek protection under available bankruptcy
laws.  As of July 2, 2013, approximately $38.3 million remains
outstanding under the senior secured notes held by Victory Park
Management, LLC, as agent to the lenders, and approximately $24.3
million remains outstanding to the Company's founders.

Unigene had cash flow deficits from operations of $3,406,000 for
the three month period ended March 31, 2013.

The loss from Fortical Nasal Spray also contributed to the
Company's troubled financial situation.  The Food & Drug
Administration previously concluded that the benefits of
calcitonin products, including Fortical, do not outweigh the
potential risks associated with their use and, as a result, should
not continue to be broadly marketed.

On July 2, 2013, the employment of all remaining employees of the
Company was terminated.  Richard Levy, Ashleigh Palmer, Thomas J.
Sabatino, Jr., Joel A. Tune and Jack Wyszomierski resigned from
the Board of Directors of the Company.  As a result, the Company
has no current members of the Board of Directors.

                            About Unigene

Unigene Laboratories, Inc. OTCBB: UGNE) -- http://www.unigene.com/
-- is a biopharmaceutical company focusing on the oral and nasal
delivery of large-market peptide drugs.

Unigene disclosed a net loss of $34.28 million on $9.43 million of
total revenue for the year ended Dec. 31, 2012, as compared with a
net loss of $7.09 million on $20.50 million of total revenue
during the prior year.  The Company incurred a $32.53 million net
loss in 2010.  The Company's balance sheet at March 31, 2013,
showed $5.34 million in total assets, $101.84 million in total
liabilities and a $96.49 million total stockholders' deficit.


UNITEK GLOBAL: Obtains $75MM Funding Commitment From Apollo
-----------------------------------------------------------
UniTek Global Services, Inc., received from Apollo Investment
Corporation a commitment letter pursuant to which Apollo committed
to provide to the Company financing arrangements including an
asset-based revolving credit facility with a commitment amount of
$75 million.  The Commitment Letter contemplates that the parties
will enter into definitive documentation for the ABL Facility no
later than July 10, 2013.

The Company contemplates that the ABL Facility will replace the
Company's existing Revolving Credit and Security Agreement, dated
as of April 15, 2011, among the Company, certain subsidiaries
thereof, the several banks and other financial institutions or
entities from time to time parties thereto, and PNC Bank, National
Association, as agent.

The ABL Facility is expected to increase borrowing availability as
compared to availability under the Existing Credit Agreement in
order to provide the Company with additional liquidity as it
continues its previously announced process to explore refinancing
alternatives for its indebtedness in addition to the ABL Facility
to address its tightening financial covenants and liquidity
situation.  The increase in borrowing availability over current
availability will be $30 million through Oct. 31, 2013, $25
million from Nov. 1, 2013, through Nov. 30, 2013, and $20 million
thereafter.

Pursuant to its receipt of the Commitment Letter, the Company will
pay to Lender certain fees, including a "Commitment Fee" equal to
4 percent of the Commitment Amount, payable in two equal
installments due upon receipt of the Commitment Letter and the
initial funding of the ABL Facility.

                        About UniTek Global

UniTek Global Services, Inc., based in Blue Bell, Pennsylvania,
provides fulfillment and infrastructure services to media and
telecommunication companies in the United States and Canada.

As reported by the TCR on June 11, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on Blue Bell, Pa.-
based UniTek Global Services Inc. to 'D' from 'CCC'.  "The
downgrade follows UniTek's announcement that it did not make
a scheduled interest payment on May 29, 2013, on its senior
secured term loan due 2018, which we consider to be a default
under our timeliness of payments criteria," said Standard & Poor's
credit analyst Michael Weinstein.

In the June 11, 2013, edition of the TCR, Moody's Investors
Service lowered UniTek Global Services, Inc.'s probability of
default and corporate family ratings to Ca-PD/LD and Ca,
respectively.  The Ca corporate family rating reflects UniTek's
missed interest payment on the term loan which is considered a
default under Moody's definition, the heightened possibility of
another default event, continued delays in the filing of restated
financials including the last two audits, management turnover, the
potential loss of the company's largest customer and other
business and legal risks stemming from issues at the company's
Pinnacle subsidiary.


VIRGIN MEDIA: Bank Debt Trades at 1% Off
----------------------------------------
Participations in a syndicated loan under which Virgin Media
Investment Holdings Ltd (NTL) is a borrower traded in the
secondary market at 98.91 cents-on-the-dollar during the week
ended Friday, July 5, 2013 according to data compiled by
LSTA/Thomson Reuters MTM Pricing and reported in The Wall Street
Journal.  This represents a drop of 0.51 percentage points from
the previous week, The Journal relates.  Virgin Media Investment
Holdings Ltd (NTL) pays 275 basis points above LIBOR to borrow
under the facility.  The bank loan matures on Feb. 6, 2020.  The
bank debt carries Moody's Ba3 rating and Standard & Poor's BB-
rating.  The loan is one of the biggest gainers and losers among
255 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.


VITESSE SEMICONDUCTOR: Columbia Pacific Holds 5.2% Equity Stake
---------------------------------------------------------------
In an amended Schedule 13G filing with the U.S. Securities and
Exchange Commission, Columbia Pacific Opportunity Fund, L.P., and
its affiliates disclosed that, as of June 27, 2013, they
beneficially owned 2,945,414 shares of common stock of
Vitesse Semiconductor Corp. representing 5.22 percent of the
shares outstanding.  Columbia Pacific previously reported
beneficial ownership of 3,698,214 common shares or 9.82 percent
equity stake as of June 18, 2013.  A copy of the amended
regulatory filing is available at http://is.gd/L7woex

                           About Vitesse

Based in Camarillo, California, Vitesse Semiconductor Corporation
(Pink Sheets: VTSS.PK) -- http://www.vitesse.com/-- designs,
develops and markets a diverse portfolio of semiconductor
solutions for Carrier and Enterprise networks worldwide.

In October 2009, Vitesse completed a debt restructuring
transaction that resulted in the conversion of 96.7% of the
Company's 2024 Debentures into a combination of cash, common
stock, Series B Preferred Stock and 2014 Debentures.  With respect
to the remaining 3.3% of the 2024 Debentures, Vitesse settled its
obligations in cash.  Additionally, Vitesse repaid $5.0 million of
its $30.0 million Senior Term Loan, the terms of which were
amended as part of the debt restructuring transactions.

Vitesse incurred a net loss of $1.11 million in 2012, a net loss
of $14.81 million in 2011, and a net loss of $20.05 million in
2010.  The Company's balance sheet at March 31, 2013, showed
$68.85 million in total assets, $80.96 million in total
liabilities and a $12.10 million total stockholders' deficit.


VUZIX CORP: Stockholders Elect Five Directors
---------------------------------------------
Vuzix Corporation held its annual meeting of stockholders on
June 26, 2013, at which the stockholders elected Paul J. Travers,
Grant Russell, William Lee, Michael Scott and Alexander
Ruckdaeschel as directors of the Company to serve until the 2014
annual meeting of stockholders and until their successors have
been elected and qualified.

The stockholders ratified the board of directors' appointment of
EFP Rotenberg, LLP, as the Company's independent registered public
accounting firm for 2013.  The stockholders also ratified non-
binding proposals to approve the compensation of the Company's
executive officers and fixed the frequency of a shareholder vote
regarding executive compensation as being every three years.

                          About Vuzix Corp.

Rochester, New York-based Vuzix Corporation (TSX-V: VZX)
OTC BB: VUZI) -- http://www.vuzix.com/-- is a supplier of Video
Eyewear products in the defense, consumer and media &
entertainment markets.

Vuzix reported net income of $322,840 on $3.22 million of total
sales for the year ended Dec. 31, 2012, as compared with a net
loss of $3.87 million on $4.82 million of total sales during the
prior year.  The Company's balance sheet at March 31, 2013, showed
$3.08 million in total assets, $10.14 million in total liabilities
and a $7.05 million total stockholders' deficit.

EFP Rotenberg, LLP, in Rochester, New York, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has incurred substantial losses from operations
in recent years.  In addition, the Company is dependent on its
various debt and compensation agreements to fund its working
capital needs.  The Company was not in compliance with its
financial covenants under a senior secured debt holder and had
other debts past due in some cases.  These conditions raise
substantial doubt about its ability to continue as a going
concern.

                        Bankruptcy Warning

"We have engaged an investment banking firm to assist us with
respect to a planned public stock offering of up to $15,000,000.
Our future viability is dependent on our ability to execute these
plans successfully.  If we fail to do so for any reason, we would
not have adequate liquidity to fund our operations, would not be
able to continue as a going concern and could be forced to seek
relief through a filing under U.S. Bankruptcy Code."


VYCOR MEDICAL: Fountainhead Held 66.7% Equity Stake at June 27
--------------------------------------------------------------
In an amended Schedule 13D filing with the U.S. Securities and
Exchange Commission, Fountainhead Capital Management Limited
disclosed that, as of June 27, 2013, it beneficially owned
4,241,314 shares of common stock of Vycor Medical, Inc.,
representing 66.7 percent of the shares outstanding.  Fountainhead
previously reported beneficial ownership of 4,253,939 common
shares or a 67.1 percent equity stake as of May 20, 2013.  A copy
of the amended regulatory filing is available for free at:

                       http://is.gd/csJsbq

                       About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical disclosed a net loss of $2.92 million in 2012, as
compared with a net loss of $4.77 million in 2011.  The Company's
balance sheet at March 31, 2013, showed $2.32 million in total
assets, $4.40 million in total liabilities and a $2.07 million
total stockholders' deficiency.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has incurred a loss since inception, has a net
accumulated deficit and may be unable to raise further equity
which factors raise substantial doubt about its ability to
continue as a going concern.


VYSTAR CORP: Buys All Outstanding Ownership Interest of Kiron
-------------------------------------------------------------
Vystar Corporation entered into an LLC Ownership Interest Purchase
Agreement with Michael Soo, M.D., the sole member of Kiron
Clinical Sleep Lab, LLC, to purchase all outstanding membership
and ownership interests of Kiron.  The Company completed that
purchase on July 1, 2013.  Pursuant to the Agreement, the Company:

   (a) paid $90,000 cash to Mr. Soo;

   (b) issued 636,098 shares of Vystar common stock to Mr. Soo;
       and

   (c) will pay two percent of Kiron's gross receipts received by
       the Company after the Closing Date of the Acquisition for a
       period of five years.

In addition, the Company agreed to pay an additional $60,000,
$10,000 in cash and $50,000 in shares of Vystar common stock, in
the event an external audit of Kiron's financials confirms the
Company's 2011, 2012 and first six months of 2013 revenue and net
income are within two percent as stated and submitted to the
Company immediately prior to the Closing Date.  If the results of
the Audit show the revenue and net income figures reported to the
Company were not in fact represented accurately within this two
percent variability but were within three percent, then 50 percent
of the Adjustment Amount will be paid to Mr. Soo.  If the Audit
reveals variability greater than three percent of these revenue
and net income financials, then none of the Adjustment Amount will
be paid to Mr. Soo.

At closing, the Company and Mr. Soo entered into an Agreement
pursuant to which Mr. Soo will provide ongoing services to the
Company and Kiron as Medical Director.

Debt Financing

On June 28, 2013, the Company entered into a note subscription
agreement with two investors pursuant to which the Company agreed
to issue to the Investors senior secured convertible promissory
notes due June 30, 2018, bearing semi-annual interest at 10
percent in the principal amount of $200,000.  The Notes are
convertible into common stock at a price equal to the greater of
$0.075 per share and 80 percent of the volume weighted average 20
day trailing closing price prior to the applicable conversion
date.  The financing resulted in $200,000 of cash proceeds to the
Company.

The Company's obligations under the Notes are secured by a first
priority lien on all of the Kiron limited liability corporate
membership and ownership interest pursuant to the terms of a
security agreement dated July 1, 2013, among the Company and the
Investors.

The Company used the proceeds of the Financing to pay Mr. Soo
$90,000 due under the Agreement and the remaining $110,000 will be
used for general working capital purposes.

                        About Vystar Corp

Duluth, Ga.-based Vystar Corporation is the creator and exclusive
owner of the innovative technology to produce Vytex(R) Natural
Rubber Latex.  This technology reduces antigenic protein in
natural rubber latex products to virtually undetectable levels in
both liquid NRL and finished latex products.

Vystar reported a net loss of $2.74 million on $540,168 of revenue
for the year ended Dec. 31, 2012, as compared with a net loss of
$3.60 million on $347,250 of revenue during the prior year.
As of Dec. 31, 2012, the Company had $1.19 million in total
assets, $2.94 million in total liabilities and a $1.74 million
total stockholders' deficit.

Habif, Arogeti & Wynne, LLP, in Atlanta, Georgia, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company's recurring losses from operations, capital
deficit, and limited capital resources raise substantial doubt
about its ability to continue as a going concern.

                         Bankruptcy Warning

"There can be no assurances that the Company will be able to
achieve its projected level of revenue in 2013 and beyond.  If the
Company is unable to achieve its projected revenue and is not able
to obtain alternate additional financing of equity or debt, the
Company would need to significantly curtail or reorient its
operations during 2013, which could have a material adverse effect
on the Company's ability to achieve its business objectives and as
a result may require the Company to file for bankruptcy or cease
operations."


WALTER ENERGY: Bank Debt Trades at 3% Off
-----------------------------------------
Participations in a syndicated loan under which Walter Energy, Inc
is a borrower traded in the secondary market at 97.11 cents-on-
the-dollar during the week ended Friday, July 5, 2013 according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a drop of 2.07
percentage points from the previous week, The Journal relates.
Walter Energy, Inc pays 300 basis points above LIBOR to borrow
under the facility.  The bank loan matures on March 14, 2018.  The
bank debt carries Moody's Ba3 rating and Standard & Poor's B+
rating.  The loan is one of the biggest gainers and losers among
255 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.

Walter Energy, Inc., headquartered in Birmingham, Alabama, is
primarily a metallurgical coal producer which also produces
metallurgical coke, steam and industrial coal, and natural gas.
The company acquired met coal producer Western Coal Corporation in
April 2011.


WARNER MUSIC: Completes Acquisition of Parlophone Label Group
-------------------------------------------------------------
Warner Music Group Corp. has completed its acquisition of
Parlophone Label Group from Universal Music Group, a subsidiary of
Vivendi.

In addition to the historic Parlophone label, PLG includes the
Chrysalis/Ensign labels in the United Kingdom, EMI Classics and
Virgin Classics and the EMI operating companies in Belgium, Czech
Republic, Denmark, France, Norway, Poland, Portugal, Slovakia,
Spain and Sweden.

The transaction brings these important and influential companies
together with WMG's own iconic labels including Atlantic, Asylum,
Big Beat, East West, Elektra, Fueled by Ramen, Nonesuch, Reprise,
Rhino, Roadrunner, Sire, Warner Bros., Word and WMG's own network
of local affiliates and licensees in over 50 territories
worldwide, as well as Warner/Chappell Music, one of the world's
leading music publishers.

Len Blavatnik, Chairman and founder of Access Industries, said,
"This is a defining moment for Warner Music, which is strengthened
today by the addition of PLG's acclaimed roster, renowned catalog
and gifted executives.  This acquisition further cements Warner
Music's place as the world's best home for extraordinary artists."

Stephen Cooper, CEO, Warner Music Group, said, "We are delighted
to officially welcome PLG's legendary roster and dynamic team to
the Warner Music family.  This acquisition unites two companies
synonymous with incredible music, pioneering labels and artists
that have shaped genres and defined generations.  By staying true
to our shared values, leveraging our complementary strengths and
investing in growth, we will build on that remarkable legacy to
set new standards in artist development and drive industry-leading
innovation.  Above all, this historic deal will create global
opportunities for great music talent."

PLG, formerly a part of EMI Music, includes a broad range of some
of the world's best-known recordings and classic and contemporary
artists spanning a wide array of musical genres.  PLG's artist
roster and catalog of recordings includes, among many others,
Coldplay, Tinie Tempah, Eliza Doolittle, Pet Shop Boys, Kylie
Minogue, Danger Mouse, David Guetta, Pablo Albor n, M. Pokora,
Raphael, Mariza, David Bowie, Radiohead, Tina Turner, Iron Maiden,
Pink Floyd, Duran Duran, Jethro Tull, Blur, Kate Bush, Daft Punk,
Edith Piaf, Itzhak Perlman and Maria Callas.

On Feb. 6, 2013, WMG signed a definitive agreement to acquire PLG
from UMG for GBP487 million in an all-cash transaction.

           Drawdown of Incremental Term Loan Facility

On May 9, 2013, WMG Acquisition entered into an amendment to the
credit agreement among WMG Acquisition, WMG Holdings Corp., the
subsidiaries of WMG Acquisition party thereto, Credit Suisse AG,
as administrative agent, and the other financial institutions and
lenders, providing for a $820 million delayed draw senior secured
term loan facility.  On July 1, 2013, WMG Acquisition has drawn
down the $820 million Incremental Term Loan Facility to consummate
the Transaction, to pay fees, costs and expenses related to the
Transaction and for general corporate purposes of WMG Acquisition
and its subsidiaries.

                    About Warner Music Group

Based in New York, Warner Music Group Corp. (NYSE: WMG)
-- http://www.wmg.com/-- was formed by a private equity
consortium of investors on Nov. 21, 2003.  The Company is the
direct parent of WMG Holdings Corp., which is the direct parent of
WMG Acquisition Corp.  WMG Acquisition Corp. is one of the world's
major music-based content companies and the successor to
substantially all of the interests of the recorded music and music
publishing businesses of Time Warner Inc.

The Company classifies its business interests into two fundamental
operations: Recorded Music and Music Publishing.  The Company's
Recorded Music business primarily consists of the discovery and
development of artists and the related marketing, distribution and
licensing of recorded music produced by such artists.  The
Company's Music Publishing operations include Warner/Chappell, its
global Music Publishing company, headquartered in New York with
operations in over 50 countries through various subsidiaries,
affiliates and non-affiliated licensees.

In May 2011, Warner Music Group Corp. and Access Industries, the
U.S.-based industrial group, announced the execution of a
definitive merger agreement under which Access Industries will
acquire WMG in an all-cash transaction valued at $3.3 billion.
The purchase includes WMG's entire recorded music and music
publishing businesses.

On July 20, 2011, the Company notified the New York Stock
Exchange, Inc., of its intent to remove the Company's common stock
from listing on the NYSE and requested that the NYSE file with the
SEC an application on Form 25 to report the delisting of the
Company's common stock from the NYSE.  On July 21, 2011, in
accordance with the Company's request, the NYSE filed the Form 25
with the SEC in order to provide notification of that delisting
and to effect the deregistration of the Company's common stock
under Section 12(b) of the Securities Exchange Act of 1934, as
amended.  On August 2, 2011, the Company filed a Form 15 with the
SEC in order to provide notification of a suspension of its duty
to file reports under Section 15(d) of the Exchange Act.  The
Company continues to file reports with the SEC pursuant to the
Exchange Act in accordance with certain covenants contained in the
instruments governing the Company's outstanding indebtedness.

Warner Music incurred a net loss attributable to the Company of
$112 million for the fiscal year ended Sept. 30, 2012, compared
with a net loss attributable to the Company of $31 million for the
period from July 20, 2011, through Sept. 30, 2011.

The Company's balance sheet at March 31, 2013, showed $5.10
billion in total assets, $4.25 billion in total liabilities and
$855 million in total equity.

                            *    *     *

As reported by the TCR on Feb. 13, 2013, Standard & Poor's Ratings
Services placed its ratings on New York City-based recorded music
and music publishing company Warner Music Group (WMG) on
CreditWatch with negative implications.  This action follows the
company's announcement that it has entered into a definitive
agreement to acquire U.K.-based Parlophone Label Group for about
$765 million in cash.


WARNER SPRINGS: Gets Plan Filing Deadline Extended to Aug. 8
------------------------------------------------------------
Judge Louise DeCarl Adler further extended Warner Springs
Ranchowners Association's exclusive plan filing deadline through
Aug. 8, 2013, and the exclusive period to solicit acceptances for
that plan through Oct. 7, 2013.

                  About Warner Springs Ranchowners

Warner Springs Ranchowners Association, a California non-profit
mutual benefit corporation, filed for Chapter 11 protection
(Bankr. S.D. Cal. Case No. 12-03031) on March 1, 2012.  Judge
Louise DeCarl Adler presides over the case.  Megan Ayedemo, Esq.,
and Jeffrey D. Cawdrey, Esq., at Gordon & Rees LLP, represent the
Debtor.  The Debtor has hired Andersen Hilbert & Parker LLP as
special counsel.  Timothy P. Landis, P.H., serves as the Debtor's
environmental consultant.

The Debtor's schedules disclosed $14,079,894 in assets and
$1,466,076 in liabilities as of the Chapter 11 filing.

Warner Springs Ranchowners Association manages and co-owns 2,300
acres of unencumbered rural land known as the Warner Springs Ranch
in San Diego County, California.  The improvements on the Property
include 250 cottage style hotel rooms, an 18 hole golf course,
service/gasoline station, tennis courts, an aquatics center, an
equestrian center, an airport, a spa, and two restaurants.


WAVE SYSTEMS: Board Approves 1-for-4 Reverse Stock Split
--------------------------------------------------------
Wave Systems Corp. said that, following shareholder approval at
the company's annual meeting on June 20, 2013, the Board of
Directors has approved a 1-for-4 reverse split of the company's
common stock.  The reverse stock split took effect on July 1,
2013.

The reverse split is being implemented for purposes of regaining
compliance with the $1.00 per share minimum closing bid price
requirement for continued listing on the Nasdaq Capital Market.

For every four shares held, Wave shareholders will receive in
exchange one new share of Wave Systems common stock.  Shareholders
otherwise entitled to fractional shares as a result of the reverse
stock split will receive cash payments in lieu of those fractional
shares.  The number of common shares issued and outstanding (Class
A and Class B combined) will be reduced to approximately 29.2
million (from approximately 116.9 million).  Shareholders'
percentage ownership in the company will remain unchanged as a
result of the reverse split.

The Board of Directors believes that the reverse stock split will
enable the company to regain compliance with the $1 per share
minimum closing bid price continued listing requirement.  However,
there can be no assurance that this result will be achieved or
that Wave will maintain the listing of its common stock on the
Nasdaq Capital Market.  Wave is currently in compliance with all
other continued listing criteria for the Nasdaq Capital Market.

                         About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products
for hardware-based digital security, including security
applications and services that are complementary to and work with
the specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

KPMG LLP, in Boston Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
Wave Systems Corp. has suffered recurring losses from operations
and has an accumulated deficit that raise substantial doubt about
its ability to continue as a going concern.

For the 12 months ended Dec. 31, 2012, the Company incurred a net
loss of $33.96 million, as compared with a net loss of $10.79
million in 2011.  The Company's balance sheet at March 31, 2013,
showed $10.77 million in total assets, $22.19 million in total
liabilities and a $11.42 million total stockholders' deficit.


WEST AIRPORT PALMS: Case Summary & 8 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: West Airport Palms Business Park, LLC
        2355/65/75/85 NW 70 Avenue
        Miami, FL 33122

Bankruptcy Case No.: 13-25728

Chapter 11 Petition Date: July 2, 2013

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Robert A. Mark

Debtor's Counsel: James Schwitalla, Esq.
                  12954 SW 133 Ct
                  Miami, FL 33186
                  Tel: (305) 278-0811
                  Fax: (305) 278-0812
                  E-mail: jwscmecf@bellsouth.net

Scheduled Assets: $14,440,419

Scheduled Liabilities: $9,284,422

The petition was signed by Alexander Montero, managing member.

List of Debtor's eight largest unsecured creditors:

  Entity                   Nature of Claim        Claim Amount
  ------                   ---------------        ------------
Benigno Montero and        Promissory Note        $460,000
Osmara Sanchez de
Montero
4371 SW 2nd Terr
Miami, FL 33134

Laura Marquina             Promissory Note        $300,000

Ana Obregon                Promissory Note        $280,000
6525 SW 48th St.
Miami, FL 33155

Hector E. Obregon          Promissory Note        $280,000
and Yolanda
Obregon
3001 SW 16th St.
Miami, FL 33145

Paris Obregon and          Promissory Note        $203,767
Imurit Obregon
4265 SW 4th St.
Miami, FL 33145

Greidys Maleta             Promissory Note        $197,000

Aldo Farradaz              Promissory Note        $170,000

Florida Department         Sales Taxes            $4,536
or Revenue


WEST SIDE COMMUNITY: Updated Case Summary & List of Creditors
-------------------------------------------------------------
Lead Debtor: West Side Community Hospital Inc.
               dba Sacred Heart Hospital
             3240 W. Franklin Blvd.
             Chicago, IL 60624

Bankruptcy Case No.: 13-27091

Chapter 11 Petition Date: July 2, 2013

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

Judge: Eugene R. Wedoff

Debtors' Counsel: Robert M. Fishman, Esq.
                  SHAW FISHMAN GLANTZ & TOWBIN LLC
                  321 N Clark Street, Suite 800
                  Chicago, IL 60654
                  Tel: (312) 666-2842
                  Fax: (312) 275-0567
                  E-mail: rfishman@shawfishman.com

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

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

Affiliates that simultaneously filed separate Chapter 11
petitions:

   Debtor                              Case No.
   ------                              --------
Garfield Kidney Center, LLC            13-27092
  Assets: $1,000,001 to $10,000,000
  Debts: $1,000,001 to $10,000,000
Superior Home Health, LLC              13-27093
  Assets: $500,001 to $1,000,000
  Debts: $1,000,001 to $10,000,000

The petitions were signed by Paul Rundell, chief restructuring
officer.

A. A copy of West Side Community Hospital Inc's list of its 20
largest unsecured creditors filed together with the petition is
available for free at http://bankrupt.com/misc/ilnb13-27091.pdf

B. A copy of Garfield Kidney Center, LLC's list of its 19 largest
unsecured creditors filed together with the petition is available
for free at http://bankrupt.com/misc/ilnb13-27092.pdf

C. A copy of Superior Home Health, LLC's list of its four largest
unsecured creditors filed together with the petition is available
for free at http://bankrupt.com/misc/ilnb13-27093.pdf


WORLD IMPORTS: Furniture Seller Seeks Chapter 11 Protection
-----------------------------------------------------------
Marie Beaudette and Peg Brickley writing for Dow Jones' DBR Small
Cap report that Furniture seller World Imports Ltd. filed for
Chapter 11 bankruptcy protection, two years after an acquisition
saddled it with a warehouse full of inventory in Vietnam that
didn't sell for as much as expected.

World Imports filed a Chapter 11 petition (Bankr. E.D. Pa. Case
No. 13-15929) on July 3, 2013, in Philadelphia.  John E. Kaskey,
Esq., at Braverman Kaskey, P.C., in Philadelphia, serves as
counsel.  The Debtor estimated assets and debts of $10,000,001 to
$50,000,000.


XZERES CORP: Marquam Asset Held 5% Equity Stake at May 20
---------------------------------------------------------
In a Schedule 13G filing with the U.S. Securities and Exchange
Commission, Marquam Asset Management, LLC, disclosed that, as of
May 20, 2013, it beneficially owned 1,473,247 shares of common
stock of XZERES Corp representing 5.05 percent (based upon
29,171,035 outstanding shares of common stock as of June 24,
2013).  A copy of the regulatory filing is available at:

                        http://is.gd/Kl6yjT

                         About XZERES Corp.

Headquartered in Wilsonville, Oregon, XZERES Corp. designs,
develops, and markets distributed generation, wind power systems
for the small wind (2.5kW-100kW) market as well as power
management solutions.

As reported by the Troubled Company Reporter on July 3, 2012,
Silberstein Ungar, PLLC, in Bingham Farms, Michigan, expressed
substantial doubt about XZERES' ability to continue as a going
concern, following its audit of the Company's financial position
and results of operations for the fiscal year ended Feb. 29, 2012.
The independent auditors noted that the Company has incurred
losses from operations, has negative working capital, and is in
need of additional capital to grow its operations so that it can
become profitable.

The Company's balance sheet at Nov. 30, 2012, showed $4.11 million
in total assets, $5.13 million in total liabilities and a
$1.02 million total stockholders' deficit.


* 8th Cir. Appoints Katherine Constantine as Minn. Bankr. Judge
---------------------------------------------------------------
The Eighth Circuit Court of Appeals appointed Bankruptcy Judge
Katherine A. Constantine to a 14-year term of office in the
District of Minnesota, effective July 1, 2013.

          Honorable Katherine A. Constantine
          United States Bankruptcy Court
          206 Warren E. Burger Federal Building and
          U.S. Courthouse
          316 North Robert Street
          St. Paul, MN 55101
          Telephone: 651-848-1050

          Law Clerks

          Jessica Nin
          Career Law Clerk

          Eric Dietz
          Term Law Clerk

          Term expiration: June 30, 2027


* Banks Seek to Ease Tensions With CFPB
---------------------------------------
Alan Zibel and Dan Fitzpatrick, writing for The Wall Street
Journal, reported that big U.S. banks are working behind the
scenes to ease tensions with a new federal consumer regulator
whose approach to policing the financial sector has triggered
industry criticism.

Top compliance executives from more than 20 banks, including Bank
of America Corp. and Citigroup Inc., have met privately in recent
months with senior officials from the Consumer Financial
Protection Bureau to convey their concerns, including that
companies weren't getting much credit for cooperating with
investigations, according to people familiar with the talks, the
report related.

Last week, the CFPB gave the industry some relief when it
published "responsible conduct" guidelines detailing how financial
firms can help with the agency's investigations in exchange for
smaller penalties, the report said. Later in the week, the CFPB
rewarded the cooperation of U.S. Bancorp by not fining the
Minneapolis bank in an auto-lending settlement. The bank didn't
admit or deny wrongdoing.

The CFPB's moves highlight a balance the agency is trying to
attain as it approaches its two-year anniversary, the report
noted.  Agency officials want to counter persistent criticism from
companies and some Republicans on Capitol Hill that it is
insensitive to the concerns of companies. CFPB officials also want
the agency to be seen as a tough but effective consumer regulator.

According to the report, the CFPB has been working to expand its
examination and supervisory efforts, flexing the muscles it was
granted under the 2010 Dodd-Frank law and ruffling feathers in the
process. The agency from the start adopted a more aggressive
approach than other financial regulators have, regularly bringing
enforcement lawyers to exams, rotating lead bank examiners to
prevent too-close relationships from forming and requesting large
amounts of data, like summaries of customer credit-card activity.


* Citigroup to Pay Fannie Mae $968 Million over Mortgage Claims
---------------------------------------------------------------
The Associated Press reported that Citigroup has agreed to pay
$968 million to Fannie Mae to resolve potential future repurchase
claims on residential mortgage loans originated between 2000 and
2012.

According to the report, a sizable group of the loans were
originated during the U.S. housing boom. Mortgage giants Fannie
Mae and Freddie Mac bought mortgage loans from banks like
Citigroup in the run-up to the financial crisis. Fannie and
Freddie teetered as the loans went bad, and they were effectively
nationalized in 2008. The government has spent billions to keep
Fannie and Freddie afloat.

Fannie and Freddie have since said that the banks misled them by
not telling them the true condition of the mortgages they were
buying, the report said.  For several years, they have been
demanding that the banks repurchase the mortgages.

The agreement between Citigroup and Fannie Mae covers claims for
breaches of representations and warranties on 3.7 million loans,
the report added. The deal doesn't release Citigroup's liability
for servicing and other ongoing contractual obligations for the
loans.

Citigroup said that it is also still liable for a group of less
than 12,000 loans originated between 2000 and 2012, including
loans sold with a performance guarantee or under special credit
enhancement programs, the report related.


* EU Accuses 13 Banks of Hampering CDS Competition
--------------------------------------------------
Ben Moshinsky, Abigail Moses and Stephanie Bodoni, writing for
Bloomberg News, reported that 13 of the world's biggest investment
banks were accused by the European Union of colluding to curb
competition in the $10 trillion credit derivatives industry.

According to the report, the EU sent a complaint, or statement of
objections, to 13 banks, data provider Markit Group Ltd. and the
International Swaps & Derivatives Association over allegations
they sought "to prevent exchanges from entering the credit
derivatives business between 2006 and 2009," the European
Commission said.

The probe is one of several by the Brussels-based commission into
the financial industry, including whether banks colluded to
manipulate U.K. and European benchmark interest rates, the report
said. Joaquin Almunia, the EU antitrust chief, said he's seeking
to settle the probes into Libor and Euribor with some of the same
banks in the CDS case by the end of the year.

The EU in April 2011 opened a probe into whether banks colluded by
giving market information to Markit, a data provider majority-
owned by Wall Street's largest banks, the report related. Earlier
this year, the EU extended its investigation to include ISDA,
having found indications that it "may have been involved in a
coordinated effort of investment banks to delay or prevent
exchanges" from entering the credit swaps business.

The banks in the CDS probe are Goldman Sachs Group Inc., JPMorgan
Chase & Co., Citigroup Inc., Credit Suisse Group AG, Deutsche Bank
AG, Morgan Stanley, Barclays Plc, Bank of America Corp., HSBC
Holdings Plc, Royal Bank of Scotland Group Plc, BNP Paribas SA,
and UBS AG, the commission said, according to the report. Bear
Stearns, which is now a unit of JPMorgan, was also named by the EU
authority.


* Two Loan Originator Officers Get Jail Time for $28MM Fraud
------------------------------------------------------------
National Mortgage Professional reported that Christy Romero,
Special Inspector General for the Troubled Asset Relief Program;
Acting Assistant Attorney General Mythili Raman of the Justice
Department's Criminal Division; U.S. Attorney Timothy Q. Purdon of
the District of North Dakota; and Steve A. Linick, Inspector
General of the Federal Housing Finance Agency Office of Inspector
General announced that Scott N. Powers, the former CEO of Arizona-
based mortgage loan originator American Mortgage Specialists Inc.,
and David McMaster, a former officer of AMS, were sentenced to
serve 96 and 188 months in prison, respectively, for their roles
in a $28 million scheme to defraud North Dakota-based BNC National
Bank.

According to the report, Powers and McMaster were sentenced by
U.S. District Judge Daniel L. Hovland in the District of North
Dakota. In addition to their prison terms, Powers and McMaster
were each ordered to pay a money judgment to the government of
approximately $28,564,470 and also to pay restitution to BNC bank
in that same amount.

Powers and McMaster pleaded guilty on Oct. 19, 2012, to conspiracy
to commit bank fraud and wire fraud affecting a financial
institution, the report said.

"Powers and McMaster will have significant time in prison to think
about how the fraud scheme they orchestrated for their mortgage
business AMS left TARP recipient BNC National Bank with $28
million in losses and expenses and unable to repay TARP or make
its TARP dividend payments for three years," said Christy Romero,
Special Inspector General for TARP (SIGTARP), the report cited.
"BNC funded new mortgage loans by AMS and was supposed to be
repaid when AMS sold the loans. However, AMS had a giant, multi-
million dollar hole on its books and looked to BNC to fill that
hole with more and more money by lying to BNC about the sale of
loans. American taxpayers invested $20 million of TARP funds in
BNC to stabilize the bank, not to provide an opportunity to fund
crime. SIGTARP and our law enforcement partners will bring to
justice and hold accountable those who look at TARP as an
opportunity to finance criminal activity."

According to court documents, Powers and McMaster conspired from
October 2007 to April 2010 to defraud BNC by making false
representations regarding the financial and operational condition
of AMS in order to obtain funding from BNC and personal benefits
for themselves. Using funds provided by BNC under a participation
agreement, AMS made residential real estate mortgage loans to
borrowers and then sold the loans to banks and other lenders. As
part of their fraud, Powers and McMaster caused AMS to inflate the
dollar amount of the sales and to delay sending e-mail
notifications to BNC when specific loans were sold, and then used
funds from newly sold loans to make payments on the earlier-sold
loans. Powers and McMaster also caused false financial information
about AMS to be sent to BNC, overstating AMS's cash-on-hand and
disguising delinquent tax payments being made to the Internal
Revenue Service as marketing and advertising expenses.


* Fed, FDIC Release 4 Banks' 'Living Will' Outlines
---------------------------------------------------
Erica Teichert of BankruptcyLaw360 reported that Federal Reserve
and the Federal Deposit Insurance Corp. released the so-called
living wills of four banks, including Wells Fargo & Co. and HSBC
Holdings PLC, giving the public a broad overview of the
liquidation plans in case the banks go under.

According to the report, Wells Fargo, HSBC, The Royal Bank of
Scotland Group PLC and BNP Paribas SA all fall under the category
of nonbank financial institutions and bank holding companies with
assets between $100 billion and $250 billion, whose plans were
due.


* EU Lawmakers Want Banks' Trading Split From Deposits
------------------------------------------------------
Evan Weinberger of BankruptcyLaw360 reported that the European
Parliament called for a strict separation of banks' risky trading
activities from their core deposit-taking business and for boards
to be held accountable for bank failures as part of a broader plan
to make the financial system safer.

According to the report, the non-legislative resolution adopted by
the European Parliament in a 528-87 vote with 73 abstentions is
meant to serve as an "input" to the European Commission as it
rewrites the rules for the financial system.


* Payroll Cards Are Under Scrutiny by New York's Attorney General
-----------------------------------------------------------------
Jessica Silver-Greenberg, writing for The New York Times'
DealBook, reported that New York's top prosecutor is investigating
some of the state's largest employers over their use of A.T.M.-
style cards to pay their hourly employees.

According to the report, the New York attorney general, Eric T.
Schneiderman, has sent letters seeking information to about 20
employers, including McDonald's, Walgreen and Wal-Mart, say people
briefed on the matter.

The inquiry by Mr. Schneiderman comes as a growing number of
companies are abandoning paper paychecks and direct deposit to
offer prepaid cards, the report said. But consumer lawyers,
employees, and state and federal regulators have said that in the
vast majority of cases, use of the cards can generate a range of
fees -- 50 cents for a balance inquiry and $2.25 for an out-of-
network A.T.M. Those fees can quickly devour the pay of part-time
and low-wage workers.

And many employees say that they have no alternative, the report
added.  Even at companies where there is a choice, it is often
elusive. Worried about imperiling their jobs, some employees say
they are terrified of requesting another option, according to
interviews with consumer advocates. Other employees say that they
are automatically enrolled in the payroll-card programs and forced
to navigate a bureaucratic maze if they want to opt out.

The surge in payroll cards and the problems associated with them
were the subject of an article in The New York Times on Monday.


* Deadline on Trading Rules Abroad Splits CFTC
----------------------------------------------
Ben Protess, writing for The New York Times' DealBook, reported
that Wall Street lobbyists, seeking to delay a July 12 deadline
for rules that would rein in lucrative trading by banks overseas,
pressed their case before a top Washington regulator last week.

According to the report, the regulator, Gary Gensler, the chairman
of the Commodity Futures Trading Commission, had an unusual
response. He summoned into his office a pregnant employee whose
due date happened to be July 12.

"Tell everyone about that day," Mr. Gensler instructed the
employee, according to people who attended the meeting, the report
related.

Pointing to her abdomen, she grinned and replied, "No delay."

While the message to bankers was clear, some of Mr. Gensler's
colleagues are still fighting his plan to extend the agency's
reach beyond American borders, an issue that took shape in the
2008 financial crisis, the report said.


* Requiring Defendants to Admit Guilt Will Be Costly for SEC
------------------------------------------------------------
David Zaring, writing for The New York Times' DealBook, reported
that the Securities and Exchange Commission recently qualified its
longstanding policy that allowed companies to "neither admit nor
deny" their guilt when settling cases.

According to the report, the policy tinkering has come in the wake
of criticism by lawyers, academics and, most memorably, Judge Jed
S. Rakoff of the United States District Court in Manhattan. These
critics have argued that the public interest is not served when
the agency settles cases and imposes sanctions without explaining
to the public the basis for the penalty.

It now appears that the agency agrees -- sort of, the report said.
"There may be certain cases," it has concluded, "where heightened
accountability or acceptance of responsibility through the
defendant's admission of misconduct may be appropriate, even if it
does not allow us to achieve a prompt resolution."

"I am not sure that the critics are right to insist on these sorts
of public admissions, and I am glad that the S.E.C. is hedging its
bets by limiting the change to "certain cases," and not every
case," Mr. Zaring stated.

Private parties -- be they corporate boards, drug manufacturers or
divorcing spouses -- never have to explain publicly the reasons
they are settling civil cases, the report related. It is not clear
that the government should be treated differently. Is the public
interest in securities fraud cases greater than the public
interest in other civil cases, which can affect jobs, the public
health and the best interests of children?


* HSBC's $1.9B Deal over Drug-Money Laundering Charges Approved
---------------------------------------------------------------
Christie Smythe, writing for Bloomberg News, reported that HSBC
Holdings Plc's $1.9 billion agreement with the U.S. to resolve
charges it enabled Latin American drug cartels to launder billions
of dollars was approved by a federal judge.

According to the report, U.S. District Judge John Gleeson in
Brooklyn, New York, signed off on a deferred-prosecution
agreement, a critical component of the London-based bank's
settlement. Gleeson said in his order that he was exercising
"supervisory power" over the deal even though the bank and
government contended he didn't have authority to approve or deny
it.

"A pending criminal case is not window dressing" Gleeson wrote,
noting that the case was filed and would remain pending for five
years under the agreement, the report cited. "By placing a
criminal matter on the docket of a federal court, the parties have
subjected their DPA to the legitimate exercise of the court's
authority."

HSBC was accused of failing to monitor more than $670 billion in
wire transfers and more than $9.4 billion in purchases of U.S.
currency from HSBC Mexico, allowing for money laundering,
prosecutors said, the report related. The bank also violated U.S.
economic sanctions against Iran, Libya, Sudan, Burma and Cuba,
according to a criminal information filed in the case.

The case is U.S. v. HSBC Bank USA NA, 12-cr-00763, U.S. District
Court, Eastern District of New York (Brooklyn).


* BOND PRICING -- For Week From July 1 to 5, 2013
-------------------------------------------------

  Company               Ticker  Coupon  Bid Price Maturity Date
  -------               ------  ------  --------- -------------
AES Eastern Energy LP   AES      9.000     1.750       1/2/2017
AES Eastern Energy LP   AES      9.670     4.125       1/2/2029
AGY Holding Corp        AGYH    11.000    55.850     11/15/2014
ATP Oil & Gas Corp      ATPG    11.875     1.270       5/1/2015
ATP Oil & Gas Corp      ATPG    11.875     1.000       5/1/2015
ATP Oil & Gas Corp      ATPG    11.875     1.000       5/1/2015
Affinion Group
  Holdings Inc          AFFINI  11.625    52.000     11/15/2015
Alion Science &
  Technology Corp       ALISCI  10.250    59.822       2/1/2015
Ally Financial Inc      ALLY     6.750    99.432      7/15/2016
Ambac Financial
  Group Inc/Old         ABK      6.150    15.200       2/7/2087
Buffalo Thunder
  Development
  Authority             BUFLO    9.375    30.625     12/15/2014
Cengage Learning
  Acquisitions Inc      TLACQ   10.500    17.750      1/15/2015
Cengage Learning
  Acquisitions Inc      TLACQ   12.000    17.250      6/30/2019
Cengage Learning
  Acquisitions Inc      TLACQ   10.500    17.750      1/15/2015
Champion
  Enterprises Inc       CHB      2.750     0.375      11/1/2037
Dynegy Roseton LLC /
  Dynegy Danskammer
  LLC Pass Through
  Trust Series B        DYN      7.670     4.500      11/8/2016
Eastman Kodak Co        EK       7.000     9.900       4/1/2017
Eastman Kodak Co        EK       9.200    12.900       6/1/2021
Eastman Kodak Co        EK       9.950    17.700       7/1/2018
FairPoint
  Communications
  Inc/Old               FRP     13.125     1.000       4/2/2018
FiberTower Corp         FTWR     9.000     8.750       1/1/2016
GMX Resources Inc       GMXR     9.000    15.000       3/2/2018
GMX Resources Inc       GMXR     4.500     6.063       5/1/2015
Gasco Energy Inc        GSXN     5.500    17.000      10/5/2015
General Electric
  Capital Corp          GE       5.250    99.250      1/15/2020
General Electric
  Capital Corp          GE       5.875    99.521      1/15/2024
General Electric
  Capital Corp          GE       5.150    99.521      7/15/2025
Geokinetics
  Holdings USA Inc      GEOK     9.750    51.750     12/15/2014
Goldman Sachs
  Group Inc/The         GS       4.750   100.082      7/15/2013
HP Enterprise
  Services LLC          HPQ      3.875    94.525      7/15/2023
JPMorgan Chase & Co     JPM      1.329    97.250      7/28/2013
James River Coal Co     JRCC     4.500    46.750      12/1/2015
LBI Media Inc           LBIMED   8.500    30.000       8/1/2017
Lehman Brothers
  Holdings Inc          LEH      1.000    20.625      3/29/2014
Lehman Brothers
  Holdings Inc          LEH      1.000    20.625      8/17/2014
Lehman Brothers
  Holdings Inc          LEH      0.250    20.625     12/12/2013
Lehman Brothers
  Holdings Inc          LEH      1.000    20.625      8/17/2014
Lehman Brothers
  Holdings Inc          LEH      0.250    20.625      1/26/2014
Lehman Brothers
  Holdings Inc          LEH      1.250    20.625       2/6/2014
Motors Liquidation Co   MTLQQ    6.750     0.375       5/1/2028
OnCure Holdings Inc     ONCJ    11.750    44.500      5/15/2017
Overseas Shipholding
  Group Inc             OSG      8.750    86.000      12/1/2013
PMI Group Inc/The       PMI      6.000    26.000      9/15/2016
Penson Worldwide Inc    PNSN    12.500    24.250      5/15/2017
Penson Worldwide Inc    PNSN     8.000     8.125       6/1/2014
Penson Worldwide Inc    PNSN    12.500    24.250      5/15/2017
Platinum Energy
  Solutions Inc         PLATEN  14.250    57.850       3/1/2015
Powerwave
  Technologies Inc      PWAV     1.875     1.125     11/15/2024
Powerwave
  Technologies Inc      PWAV     1.875     1.125     11/15/2024
Residential
  Capital LLC           RESCAP   6.875    30.500      6/30/2015
Savient
  Pharmaceuticals Inc   SVNT     4.750    15.000       2/1/2018
School Specialty Inc    SCHS     3.750    40.000     11/30/2026
THQ Inc                 THQI     5.000    48.000      8/15/2014
TMST Inc                THMR     8.000     9.500      5/15/2013
Terrestar Networks Inc  TSTR     6.500    10.000      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250     9.025      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    27.500       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250     9.625      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    12.500      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    28.100       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250     9.500      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500     9.000      11/1/2016
USEC Inc                USU      3.000    21.000      10/1/2014
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.375    50.700       8/1/2016
Western Express Inc     WSTEXP  12.500    65.500      4/15/2015
Western Express Inc     WSTEXP  12.500    65.500      4/15/2015


                            *********

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.

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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., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Howard C. Tolentino, Carmel Paderog, Meriam Fernandez,
Ronald C. Sy, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl
Joy P. Olano, Ivy B. Magdadaro, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2013.  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 $975 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 A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


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