TCR_Public/131008.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Tuesday, October 8, 2013, Vol. 17, No. 279


                            Headlines

AIRTRONIC USA: Wins Court Approval of Plan to Merge With GDSI
ALION SCIENCE: Second Amendment to Employee Savings Plan
ALLY FINANCIAL: Closes Sale of Latin Operations for $611 Million
AMERICAN AIRLINES: Flight Attendants Urge Bondi to Withdraw Suit
AMERICAN AIRLINES: DoJ's Bid to Delay Antitrust Suit Rejected

AMERICAN AIRLINES: Can't Shake States in Lawsuit as Texas Quits
AMERICAN AIRLINES: Merger Termination Date Extended to 2014
AMERICAN AIRLINES: Parties Balk at Proposed Plan Approval Order
AMERICAN AIRLINES: Must Decide on AllianceAirport Lease by Dec. 31
AMERICAN AIRLINES: Decision on Chicago Lease Due Jan. 31

AMERICAN AXLE: Amends Employment Pact with Chairman, CEO & Pres.
AMERICANWEST BANCORP: Terminates Registration of Common Stock
AMERICAN MEDIA: Completes Swap of $94.3 Million Senior Notes
AMERICAN PETRO-HUNTER: OKs Issue of 4.1MM Shares to Director
AMNEAL PHARMACEUTICALS: Moody's Gives B2 CFR & Rates New Loan B2

AMINCOR INC: OKs Issue of 250,000 Class A Shares to Consultant
ANACOR PHARMACEUTICALS: FDA Accepts for Filing Tavaborole NDA
ANDALAY SOLAR: Inks $500,000 Loan Agreement with Alpha Capital
APPLIED MINERALS: Berylson, et al., to Sell 19.8 Million Shares
ARCHDIOCESE OF MILWAUKEE: Judge Randa Won't Recuse Self

ARCHDIOCESE OF MILWAUKEE: Church Alerted Police In Abuse Cases
ARCHDIOCESE OF MILWAUKEE: Future Claimants' Representative Named
BBX CAPITAL: Bluegreen Closes Sale of $110.6MM Loan-Backed Notes
BENTLEY PREMIER: U.S. Trustee Directed to Appoint Ch. 11 Trustee
BENTLEY PREMIER: Gets Interim OK on Hiersche Hayward as Counsel

CAESARS ENTERTAINMENT: Sets Record Date for Rights Distribution
CAESARS ENTERTAINMENT: $2.7 Billion Term Loans Fully Syndicated
CEL-SCI CORP: Has Until Oct. 31 to Regain NYSE Listing Compliance
CHESTER COMMUNITY: Fitch Rates $56-Mil. Revenue Bonds at 'BB'
CHINA PRECISION: To Report $69 Million Net Loss in Fiscal 2013

COMMUNITY CHOICE: Moody's Affirms 'B3' Sr. Secured Debt Rating
CRYOPORT INC: Investors Convert $4.1MM Notes for 20.6MM Units
CUBIC ENERGY: Closes Acquisition Of Gastar East Texas Assets
CUI GLOBAL: Unit Buys Corporate Office for $5.1 Million
DEVONSHIRE PGA: Files Ch. 11 Plan & Disclosure Statement

DEVONSHIRE PGA: Seeks to Assume Plan Support Agreement
DEVONSHIRE PGA: Final Cash Collateral Hearing Set for Oct. 16
DEVONSHIRE PGA: Seeks to Self-Report in Lieu of PCO Appointment
DEVONSHIRE PGA: Taps Epiq as Claims & Noticing Agent
DEVONSHIRE PGA: Seeks to Reject SHP Management Contracts

DEVONSHIRE PGA: Needs to Pay $11,796 to Credit Card Provider
DREIER LLP: Chapter 11 Trustee Hires RCT as Special Counsel
DRYSHIPS INC: Enters Into Equity Offering Sales Agreement
ECOTALITY INC: Wants Key Employee Incentive Program Approved
ECOTALITY INC: Taps FTI as Crisis Manager and Financial Advisor

ELBIT IMAGING: Majority of Noteholders OK Plan of Arrangement
ELBIT IMAGING: Zvi Tropp Reelected as Director
EXIDE TECHNOLOGIES: Wants Until May 31 to File Chapter 11 Plan
EXIDE TECHNOLOGIES: Oct. 16 Hearing on Lease Decision Extension
FIRST MARINER: George Mantakos Retires as Bank's EVP and CLO

FRESH & EASY: Section 341(a) Meeting Scheduled for Nov. 5
FRESH & EASY: Wants November Auction to Test Yucaipa Lead Bid
FURNITURE BRANDS: Has Final OK to Pay Critical Vendor Claims
FURNITURE BRANDS: Panel Objects to Oaktree DIP Financing Proposal
FURNITURE BRANDS: US Trustee Says Oaktree Breakup Fee Excessive

FUSION TELECOMMUNICATIONS: Sells 27.34 Units to Investors
GAMING & LEISURE: Moody's Gives Ba1 CFR & Rates Unsec. Bonds Ba1
GATEHOUSE MEDIA: Gets Nov. 6 Hearing to Seek Plan Approval
GENERAL MOTORS: Old GM Case Gives Hedge Funds Windfall
GENERAL STEEL: Receives Noncompliance Notice From NYSE Listing

GLYECO INC: Merges with GSS Automotive
GRAND CENTREVILLE: Can Use Secured Creditor's Cash Until Dec. 31
HAWKEYE ENTERTAINMENT: Exchange LA Affiliate Seeks Bankruptcy
HD SUPPLY: Presented at Deutsche Bank 21st Annual Conference
HOUSTON REGIONAL: Astros to Seek Dismissal of Involuntary Case

ICEWEB INC: Consummates Acquisition of CTC
iGPS COMPANY: Nov. 14 Hearing on Confirmation of Chapter 11 Plan
INFUSYSTEM HOLDINGS: Receives Contract Offers for Infusion Pumps
INSIGHT GLOBAL: Moody's Affirms B1 CFR & Cuts 1st Lien Debt to B1
INTELLICELL BIOSCIENCES: Incurs $3.9 Million Net Loss in Q2

KBI BIOPHARMA: Files Bankruptcy to Assist Owner's Plan
KEMET CORP: Presented at Deutsche Bank Conference
KIWIBOX.COM INC: Completes Acquisition of Interscholz for $1.3MM
LAKELAND INDUSTRIES: Borrows C$1MM From Business Development Bank
LANDAUER HEALTHCARE: Seeks OK of LMI DME Management Services Deal

LEVEL 3: Borrows Add'l $1.2BB Under Existing Term Loan Facility
LIGHTSQUARED INC: Asks Court to Deny Rival Plans' Disclosures
LONE PINE: Voluntary Chapter 15 Case Summary
LONGVIEW POWER: Kirkland & Ellis Approved as Bankruptcy Counsel
LONGVIEW POWER: Lazard Freres Okayed as Investment Banker

LONGVIEW POWER: May Implement Non-Insiders Incentive Programs
LONGVIEW POWER: May Pay $1.6+ Mil. in Critical Vendor Claims
LUCID INC: Issues 2.1 Million Warrants to H.C. Wainwright
MADISON HOTEL: Plan Order Modified to Correct Scrivener's Error
MCCLATCHY CO: Larry Edgar Rejoins McClatchy as Controller

MINT LEASING: Amends 70 Million Shares Prospectus
MOBILESMITH INC: Sells $150,000 New Convertible Note
MONARCH COMMUNITY: Raises $16.5 Million in Investor Funds
MONTREAL MAINE: Bid to Appoint Creditors Panel Withdrawn
MORGANS HOTEL: Amends 2012 Annual Report

MORGANS HOTEL: Issues 439,310 Common Shares to NorthStar
MOUNTAIN VIEW FINANCIAL: Voluntary Chapter 11 Case Summary
MPVC INC: Signs Option Agreement with CanAlaska Uranium
MSR HOTELS: Judge Tosses Five Mile Claims vs. Paulson Executives
MUNICIPAL MORTGAGE: Expects to Resume Trading on OTC Market

MUNICIPAL MORTGAGE: Resolution to Trading Delayed
MPG OFFICE: Extends Mortgage Loan Until January 9
MPG OFFICE: BPO Extends Tender Offer Until October 10
NASSAU TOWER: To Seek Approval of Plan Disclosures Nov. 7
NEW YORK CITY OPERA: May Be Liquidated, Bankr. Lawyer Says

NEWLEAD HOLDINGS: Issues 20MM Add'l Settlement Shares to Hanover
NEWLEAD HOLDINGS: Gets NASDAQ Listing Non-Compliance Notice
OCD LLC: Court Dismisses Chapter 11 Case
ONCURE HOLDINGS: Wins Approval of Plan, $125-Mil. RTS Takeover
ORAGENICS INC: Randal Kirk Held 26.2% Equity Stake at Sept. 30

ORCKIT COMMUNICATIONS: Expects to Ink Pact with ECI This Month
ORMET CORP: Gets PUCO Approval of Revised Power Deal With AEP
PACIFIC GOLD: OKs Assignment of $80,000 Note
PERSONAL COMMUNICATIONS: Committee May Probe Majority Owner
PLUG POWER: Hans Black Held 4.7% Equity Stake at Sept. 26

PLY GEM HOLDINGS: Realigns 2 Manufacturing Facilities in Canada
PUERTO RICO: Lawyers, Experts Predict Restructuring of Bonds
PVA APARTMENTS: Section 341(a) Meeting Set on October 28
RESIDENTIAL CAPITAL: Files Rule 2015.3 Report for June 30, 2013
RITE AID: Swings to $32.8 Million Net Income in Aug. 31 Quarter

SAVE MOST: Hearing on Disclosure Statement Continued to Nov. 13
SEARS HOLDINGS: Borrows $1-Bil. Under Amended Facility with BofA
SMITH BROTHERS: Former Bankrupt Cough-Drop Maker Eyes Comeback
SPECTRASCIENCE INC: Board Appoints Lowell Giffhorn as New CFO
SPRINGLEAF FINANCE: Appoints Jay Levine as President and CEO

STELERA WIRELESS: American Legal Okayed as Notice Agent
STELERA WIRELESS: Christensen Law Group Approved as Bankr. Counsel
STELERA WIRELESS: May Hire Falkenberg Capital as Broker
STELERA WIRELESS: Authorized to Hire Mulinix Ogden as Counsel
STOCKTON, CA: Trades City Hall to Assured in Settlement

STRATUS MEDIA: To Merge with Two Biopharmaceutical Companies
TAYLOR BEAN: Deloitte & Touche Settles Lawsuits Over Collapse
TELETOUCH COMMUNICATIONS: Files Bankruptcy to Liquidate
TRINITY COAL: Hires Rose Law as West Virginia Tax Counsel
TWEETER HOME: Twitter Look-Alike Triggers 684% Surge in Trading

UNIVERSITY GENERAL: Presented at Annual Singular Research Forum
VYCOR MEDICAL: Fountainhead Held 65.1% Equity Stake at Sept. 24
WAFERGEN BIO-SYSTEMS: Completes $15 Million Private Placement
WALLDESIGN INC: Panel Taps Landau Gottfried as Litigation Counsel
WORLD IMPORTS: Creditors' Panel Hires Fox Rothschild as Counsel

WOUND MANAGEMENT: Amends Manufacturing Pact with Academy Medical
ZALE CORP: Z Investment Selling 11.1 Million Common Shares
ZOGENIX INC: Awaits FDA Action Letter on ZohydroTM NDA

* AT&T Releases Statement on Debt Ceiling & Potential U.S. Default
* Fitch Says Gov't Shutdown Duration Could Affect Title Insurers

* Banks' Living Wills Pass Pain to Shareholders in Bankruptcy

* Large Companies With Insolvent Balance Sheets


                            *********


AIRTRONIC USA: Wins Court Approval of Plan to Merge With GDSI
-------------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that Airtronic USA Inc., the largest woman-
owned small arms maker in the U.S., won court approval of its
bankruptcy reorganization plan, which calls for the company to
merge with Global Digital Solutions Inc.

According to the report, the restructuring plan, which will leave
Airtronic debt free, received a "strong majority" of creditors
voting in support of the plan, according to a statement Oct. 3.

"We're very grateful that the court has confirmed our
reorganization plan and that we can now proceed to finalize the
merger and have the bankruptcy case dismissed," Merriellyn Kett,
Airtronic's chief executive officer, who will continue serving as
CEO after the merger, said in the statement.  Airtronic, founded
in 1990, provides small arms and small arms spare parts to the
U.S. Defense Department, foreign militaries and law enforcement.

The report notes that products include grenade launchers, rocket-
propelled grenade launchers, grenade-launcher guns, flex machine
guns, grenade machine guns, rifles and magazines.  "This ruling
signals a major turning point in the evolution of both GDSI and
Airtronic," GDSI CEO Richard J. Sullivan said in the statement.
"It's been a long process getting to this point, but we think the
wait will prove to be worthwhile."

                      About Airtronic USA, Inc.

Airtronic -- http://www.Airtronic.net-- is an electro-mechanical
engineering design and manufacturing company.  It provides small
arms and small arms spare parts to the U.S. Department of Defense,
foreign militaries, and the law enforcement market.  The company's
products include grenade launchers, rocket propelled grenade
launchers, grenade launcher guns, flex machine guns, grenade
machine guns, rifles, and magazines.  Founded in 1990, the company
is based in Elk Grove Village, Illinois.

On May 16, 2012, the voluntary petition of Airtronic, Inc. for
liquidation under Chapter 7 was converted to a Chapter 11
reorganization.  The company had filed for chapter 7 bankruptcy on
March 13, 2012.


ALION SCIENCE: Second Amendment to Employee Savings Plan
--------------------------------------------------------
Alion Science and Technology Corporation amended the Alion Science
and Technology Corporation Employee, Savings and Investment Plan
by adopting the Second Amendment to the Plan dated as of Sept. 27,
2013.  In connection with the Amendment, Alion, the ESOP
Committee, and the Trustee decided to delay the transfer to the
Company of employee contributions for investment in the ESOP
component of the Plan and the related valuation of Alion's common
stock, until such time as the Company completes a refinancing of
existing indebtedness of the Company.  A copy of the Amendment is
available for free at http://is.gd/ugrdxi

                        About Alion Science

Alion Science and Technology Corporation, based in McLean,
Virginia, is an employee-owned company that provides scientific
research, development, and engineering services related to
national defense, homeland security, and energy and environmental
analysis.  Particular areas of expertise include communications,
wireless technology, netcentric warfare, modeling and simulation,
chemical and biological warfare, program management.

Alion Science incurred a net loss of $41.44 million for the year
ended Sept. 30, 2012, a net loss of $44.38 million for the year
ended Sept. 30, 2011, and a net loss of $15.23 million for the
year ended Sept. 30, 2010.

As of June 30, 2013, the Company had $632.86 million in total
assets, $799.58 million in total liabilities, $111.01 million in
redeemable common stock, $20.78 million in common stock warrants,
$149,000 in accumulated other comprehensive loss and a $298.37
million accumulated deficit.

                         Bankruptcy Warning

The Company said in its annual report for the fiscal year ended
Sept. 30, 2012, "Our credit arrangements, including our unsecured
and secured note indentures and our revolving credit facility
include a number of covenants.  We expect to be able to comply
with our indenture covenants and our credit facility financial
covenants for at least the next twenty-one months.  If we were
unable to meet financial covenants in our revolving credit
facility in the future, we might need to amend the revolving
credit facility on less favourable terms.  If we were to default
under any of the revolving credit facility covenants, we could
pursue an amendment or waiver with our existing lenders, but there
can be no assurance that lenders would grant an amendment or
waiver.  In light of current credit market conditions, any such
amendment or waiver might be on terms, including additional fees,
increased interest rates and other more stringent terms and
conditions materially disadvantageous to us.  If we were unable to
meet these financial covenants in the future and unable to obtain
future covenant relief or an appropriate waiver, we could be in
default under the revolving credit facility.  This could cause all
amounts borrowed under it and all underlying letters of credit to
become immediately due and payable, expose our assets to seizure,
cause a potential cross-default under our indentures and possibly
require us to invoke insolvency proceedings including, but not
limited to, a voluntary case under the U.S. Bankruptcy Code.


ALLY FINANCIAL: Closes Sale of Latin Operations for $611 Million
----------------------------------------------------------------
Ally Financial Inc. completed the sale of its remaining Latin
American Operations, which included its operations in Brazil, to
General Motors Financial Company, Inc., a wholly owned subsidiary
of General Motors Co.  The disposition of the Sold Business under
the Purchase and Sale Agreement took the form of the sale of
equity interests directly and indirectly held by Ally in the
entities comprising the Sold Business.  Ally received
approximately $611 million in total consideration for the Sold
Business at closing, which is subject to certain post-closing
adjustments based on the actual net asset value of the Sold
Business and certain other items.

The Sold Business was classified by Ally as discontinued
operations as of Dec. 31, 2012, and its operating results were
removed from Ally's continuing operations and were presented
separately as discontinued operations, net of tax, in Ally's
Consolidated Financial Statements, included in Ally's annual
report on Form 10-K for the year ended Dec. 31, 2012, as well as
Ally's quarterly reports on Form 10-Q for the three months ended
March 31, 2013, and the three months and six months ended June 30,
2013.

                         About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

Ally Financial Inc. reported net income of $1.19 billion for the
year ended Dec. 31, 2012, as compared with a net loss of $157
million during the prior year.  As of June 30, 2013, the Company
had $150.62 billion in total assets, $131.46 billion in total
liabilities and $19.16 billion in total equity.


AMERICAN AIRLINES: Flight Attendants Urge Bondi to Withdraw Suit
----------------------------------------------------------------
The Association of Professional Flight Attendants on Oct. 4
disclosed that in the wake of the Oct. 1 announcement by Texas
Attorney General Greg Abbott that he would withdraw from the
lawsuit to block the merger of American Airlines and US Airways,
the flight attendants at American are calling on Pam Bondi and
attorneys general from five other states to do the same.

"Florida, particularly South Florida, is home to about 2,500
American flight attendants that are in need of good wages and long
term job security, but General Bondi is standing in the way of
that," said APFA President Laura Glading.  "Pam Bondi's
participation in the Justice Department's antitrust lawsuit
demonstrates a lack of understanding of what the merger means for
her constituents.  Everyone -- business travelers, tourists, and
airline employees -- stand to benefit from the new American.  We
were able to explain that to General Abbott in Texas and we'd like
to do the same in Florida."

Unable to compete with United and Delta, which had recently merged
with Continental and Northwest, respectively, American Airlines
was forced into Chapter 11 bankruptcy in November of 2011.  It is
clear that in order for American to be competitive, it needs to
merge with US Airways.  The merger plan has had the strong support
of employees at both companies since its inception.
Unfortunately, the US Department of Justice and attorneys general
from seven states and the District of Columbia filed an eleventh-
hour lawsuit to block the merger in August of this year.

The new American Airlines will offer consumers more destinations
and a better product.  It will also give flyers a third choice --
in addition to Delta and United -- for their travel needs.
Finally, the merger will provide much-needed job security for
approximately 100,000 employees nationwide, 11,650 of whom live in
Florida.

Members of Florida's congressional delegation sent a letter to
General Bondi urging her to support the merger.  The letter was
authored by Rep. Alcee Hastings and signed by Reps. Debbie
Wasserman Schultz, Ted Deutch, Lois Frankle, Frederica Wilson,
Joe Garcia, and Patrick E. Murphy.

                            About APFA

The Association of Professional Flight Attendants, founded in
1977, represents the more than 16,000 active flight attendants at
American Airlines.  Laura Glading is serving her second four-year
terms as president.

                     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 bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.  The
plan confirmation order means that if AMR and US Airways win the
Justice Department lawsuit or settle with the government, the
merger plan can go into effect.

The antitrust suit is U.S. v. US Airways Group Inc., 13-cv-1236,
U.S. District Court, District of Columbia (Washington).

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)


AMERICAN AIRLINES: DoJ's Bid to Delay Antitrust Suit Rejected
-------------------------------------------------------------
A federal judge rejected the U.S. Department of Justice's request
to temporarily put on hold the agency's antitrust lawsuit to block
the $11 billion merger of American Airlines Inc. and US Airways
Group Inc.

In a two-page ruling, Judge Colleen Kollar-Kotelly of the U.S.
District Court in Washington, D.C., rejected the delay as
inappropriate, noting that the deadline to complete the merger is
Jan. 18, 2013, and that the amount of money at stake is
significant for both sides in the case.  The antitrust suit is
scheduled to go on trial on Nov. 25.

Due to the government shutdown, the Justice Department asked the
District Court to stay all proceedings until government spending
resumes but Judge Kollar-Kotelly ordered the trial to go ahead on
schedule and set another status hearing for Oct. 30, The Wall
Street Journal said.

"A stay at this point would undermine this schedule and delay the
necessary speedy disposition of this matter," Judge Kollar-
Kotelly wrote, USA Today reported.

Mark Ryan of the Justice Department's antitrust division said in
a two-page filing that the District Court's rejection of a delay
in the case would serve as authorization for lawyers to continue
working on it, according to the USA Today report.

"This is creating difficulties for the department to perform the
functions necessary to support its litigation efforts," the USA
Today cited Mr. Ryan as saying, adding that the department's
policy is to seek a stay in all pending civil litigation.

The government had sought a March 2014 trial in the case to give
lawyers time to prepare their arguments but the airlines asked
for a start in early November.

The Justice Department argues in its lawsuit that the merger
would leave four airlines controlling more than 80% of U.S. air
traffic and drive up prices.  But the carriers defended the deal,
arguing that it would benefit passengers by giving them more
choices and would generate more than $500 million a year in
benefits.

           Texas Atty. General Drops Antitrust Suit

In a related development, Texas Attorney General Greg Abbott said
his state was dropping out of the antitrust suit after gaining
pledges that the carriers will preserve jobs and service in
Texas.

During a news conference with Tom Horton, AMR's chief executive
officer, at the Dallas-Fort Worth Airport, the attorney general
said the carriers committed to continuing air service to 22 Texas
communities and keeping the company's headquarters in Texas for
three years, the Fort Worth Star Telegram reported.

Mr. Abbott said it was critical to receive assurances from the
carriers to protect the nearly 25,000 employees who work in Texas
and to maintain service to rural airports.

Meanwhile, Mr. Horton said he was pleased the carriers were able
to reach an agreement with Texas but would not say if they were
talking to other states or the Justice Department about
settlements.  He reiterated that the carriers were ready to
defend the merger in court, the news agency reported.

Under the agreement, the new American Airlines will maintain
scheduled daily service to more than 20 airports in Texas.  The
agreement also provides that Dallas/Fort Worth International
Airport be maintained as a large hub airport for the merged
carriers and that the new company will maintain its headquarters
in the Dallas/Fort Worth area, according to a statement posted on
American Airlines' website.

"Texas has long played a lead role in our company's history, and
this agreement is assurance of our commitment to maintain and
enhance the outstanding levels of service and connectivity that
the new American will provide to the citizens of Texas," Mr.
Horton said in the Oct. 1 statement.

"This merger will enhance job security and career opportunities
for our combined Texas based employee base of nearly 25,000," he
said.  WSJ pointed out that AMR, which employs about 73,000
workers, is based in Fort Worth and has a major hub at DFW
airport.  The airline, according to WSJ, is an important employer
and taxpayer in the state.

The Texas Association of Business, an influential lobbying group
representing 3,000 employers and 200 local chambers of commerce,
said its board voted to support the airline merger and oppose the
federal lawsuit, the WSJ report said.

The US Airways Flight Attendants, represented by the Association
of Flight Attendants-CWA (AFA), also continue to advocate for the
vast opportunities created by a US Airways/American Airlines
merger as the Texas Attorney General formally withdrew from the
antitrust lawsuit.

Texas is one of the states that joined the Justice Department in
suing on Aug. 13 to stop the merger.  Arizona, Tennessee,
Virginia, Florida, Pennsylvania, Michigan and the District of
Columbia were also part of the suit that is scheduled to go to
trial on Nov. 25.

             Antitrust Suit Produced Nearly 2-Mil. Docs

The antitrust suit has resulted in close to two million documents
being exchanged by the government and the carriers, according to
an article by Terry Maxon of Dallas Morning News.

The carriers have supplied more than 1.3 million documents to the
Justice Department, both before and after the agency's attorneys
filed the suit.  In return, Justice officials have supplied about
560,000 documents to the carriers, many of which are documents
originally produced by the carriers to the agency in prior
investigations.

The numbers came out of their joint filing prior to the Oct. 2
status conference before Judge Kollar-Kotelly in her Washington,
D.C., courtroom.

Unresolved are two demands from the carriers: (1) to know the
names of third parties that the Justice Department interviewed
before filing the suit, and (2) documents from the agency's
review of four previous airline mergers between 2005 and 2011,
according to the Dallas Morning News article.

WSJ reported that the Justice Department said it is allowed to
withhold information about whom it interviewed in its analysis of
AMR Corp.'s merger with US Airways, information the airlines are
seeking in their fight against a federal suit to block the deal.
In a court filing on Sept. 28, the Justice Department said U.S.
Supreme Court precedent protects the government from a "naked,
general, demand" for the facts the airlines want.  Such
information could "necessarily reveal the opinions and mental
processes of counsel, and therefore is improper," the government
said in the filing with U.S. District Court in Washington, D.C.,
WSJ related.

US Airways and AMR want the information about third parties,
which they described as routine, to determine how the Justice
Department reached it decision to block the merger, the WSJ
report said.  Lawyers for the airlines said in their filing that
the Justice Department "has tried this tactic before" in
antitrust cases and lost each time, the WSJ report further
related.  The airlines cited three cases, including a 1999 suit
against AMR and subsidiary American Eagle that accused the
airlines of "predatory" pricing against low-cost carriers, the
report said.  AMR won that case, the report noted.

The antitrust case is U.S. v. US Airways Group Inc., 13-cv-01236,
U.S. District Court, District of Columbia (Washington).

                      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 bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.  The
plan confirmation order means that if AMR and US Airways win the
Justice Department lawsuit or settle with the government, the
merger plan can go into effect.

The antitrust suit is U.S. v. US Airways Group Inc., 13-cv-1236,
U.S. District Court, District of Columbia (Washington).

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)


AMERICAN AIRLINES: Can't Shake States in Lawsuit as Texas Quits
---------------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that Texas Attorney General Greg Abbott's
decision to quit a U.S. lawsuit aiming to block the merger of
American Airlines and US Airways Group Inc. isn't shaking the
resolve of other states to press ahead with the case.

According to the report, the attorneys general of Florida,
Pennsylvania, Arizona, Virginia, Tennessee and the District of
Columbia are standing with the Justice Department and pursuing
their claims against the airlines, according to their offices.
"We're remaining in the case," Stephanie Grisham, a spokeswoman
for Arizona Attorney General Tom Horne, said in an interview.
"There hasn't even been any discussion of dropping out."

The report notes that Texas, the home state of American parent AMR
Corp., reached a settlement with the airlines on Oct. 1 and
withdrew from the suit.  Abbott said the deal resolves his
objection to the merger by ensuring service for rural areas in the
state.  Texas was among seven states and the District of Columbia
that joined the Justice Department's lawsuit against the airlines.
They argue the proposed merger, which would create the world's
largest carrier, threatens competition and would harm consumers.

The report relates that the case is scheduled to begin trial in
federal court in Washington on Nov. 25.  Laura Glading, the
president of the union representing flight attendants at American,
said the union is urging other states to join Texas and drop out.
Ms. Glading met with Arizona's Horne on Oct. 3 about the case and
told him jobs are at risk if the merger doesn't go through.  US
Airways is based in Tempe, Arizona.  The union has also met with
District of Columbia Attorney General Irvin Nathan and Tennessee
Attorney General Robert Cooper, Ms. Glading said.  On Oct. 3 it
publicly called on Virginia Attorney General Ken Cuccinelli to
drop out and next day pushed for Florida's Pam Bondi to quit.

"These AGs are not looking at the whole picture," Ms. Glading said
in a phone interview.  "American cannot survive as a standalone."

The case is U.S. v. US Airways Group Inc., 13-cv-01236, U.S.
District Court, District of Columbia (Washington).

                      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 bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.  The
plan confirmation order means that if AMR and US Airways win the
Justice Department lawsuit or settle with the government, the
merger plan can go into effect.

The antitrust suit is U.S. v. US Airways Group Inc., 13-cv-1236,
U.S. District Court, District of Columbia (Washington).

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)


AMERICAN AIRLINES: Merger Termination Date Extended to 2014
-----------------------------------------------------------
AMR Corp. and US Airways Group Inc. have agreed to extend the
date at which either party may terminate the previously announced
merger agreement until 2014 in light of the trial schedule
surrounding litigation with U.S. Department of Justice.

In a joint statement, AMR CEO Tom Horton and US Airways CEO Doug
Parker said, "The Boards and management teams of AMR and US
Airways remain committed to completing this combination to create
the new American, and the extension of this outside date is a
reflection of this commitment."

"Our focus is on mounting a vigorous defense and winning our
court case so the new American can enhance competition, provide
better service to our customers and create more opportunities for
our employees," the CEOs said.

The amended merger agreement extends the date on which either AMR
or US Airways may terminate the agreement from Dec. 17 to the
later of Jan. 18, 2014, or, if the court enters an order on or
before Jan. 17, 2014 in favor of the carriers, on the 15th day
following the entry of such order.

In case of an unfavorable ruling by the court, the carriers may
terminate the merger agreement five days after the court enters a
final, but appealable, order permanently enjoining the merger.

                      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 bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.  The
plan confirmation order means that if AMR and US Airways win the
Justice Department lawsuit or settle with the government, the
merger plan can go into effect.

The antitrust suit is U.S. v. US Airways Group Inc., 13-cv-1236,
U.S. District Court, District of Columbia (Washington).

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)


AMERICAN AIRLINES: Parties Balk at Proposed Plan Approval Order
---------------------------------------------------------------
AMR Corp. and its debtor affiliates filed with Judge Sean Lane of
the U.S. Bankruptcy Court for the Southern District of New York a
notice of settlement of order confirming their Fourth Amended
Joint Chapter 11 Plan.

Judge Lane in September confirmed the Debtors' Chapter 11 plan of
reorganization, which is hinged on the proposed merger with U.S.
Airways Group.

The notice stated that parties-in-interest may file
counterproposals to the order.

Agencia Especial de Financiamento Industrial, a Brazilian bank
that funded the Debtors' regional carrier's Embraer jets, proposed
to revise some of the provisions in the proposed order confirming
AMR's plan.  The bank suggested, among other things, that a
language be added clarifying that its agreements with the airline
would not be deemed executory contracts.

AMR argued that the counterproposal is unnecessary since the
concerns raised by the Brazilian bank was already addressed.  AMR
also questioned the filing of the counterproposal given that the
bank never filed an objection to the confirmation of its
restructuring plan.  "FINAME has no standing to do so," AMR said.

AMR also asked the bankruptcy court to overrule an objection to
the confirmation of the plan filed by a group of American
Airlines customers represented by Calif.-based Cook Collection
Attorneys PLC.

The company said the group is trying to revisit the issues that
have already been addressed in previous agreements entered into
before the court, which are reflected in the proposed order.

According to AMR, the group's proposed revision of the order
regarding the U.S. Department of Justice's antitrust lawsuit
"seeks to inappropriately bootstrap their rights and completely
insulate the Clayton adversary proceeding from any impact the DOJ
Action may have."

The group on August 6 lodged an antitrust lawsuit to block the
$11 billion merger of American Airlines and US Airways Group Inc.
The group said the merger violates Section 7 of the Clayton Act
because it curbs competition and creates a monopoly.

A full-text copy of the proposed order is available for free
at http://bankrupt.com/misc/AMR101550923.pdf

                      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 bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.  The
plan confirmation order means that if AMR and US Airways win the
Justice Department lawsuit or settle with the government, the
merger plan can go into effect.

The antitrust suit is U.S. v. US Airways Group Inc., 13-cv-1236,
U.S. District Court, District of Columbia (Washington).

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)


AMERICAN AIRLINES: Must Decide on AllianceAirport Lease by Dec. 31
------------------------------------------------------------------
The U.S. Bankruptcy Court in Manhattan gave American Airlines
Inc. until Dec. 31, 2013, to either assume or reject its
maintenance base lease contract with AllianceAirport Authority,
Inc.  The carrier signed the contract in 1990 to lease a real
property located in Fort Worth, Texas.

                      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 bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.  The
plan confirmation order means that if AMR and US Airways win the
Justice Department lawsuit or settle with the government, the
merger plan can go into effect.

The antitrust suit is U.S. v. US Airways Group Inc., 13-cv-1236,
U.S. District Court, District of Columbia (Washington).

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)


AMERICAN AIRLINES: Decision on Chicago Lease Due Jan. 31
--------------------------------------------------------
AMR Corp. and the City of Chicago reached an agreement to extend
the deadline for the company to take over their lease contracts.

Under the deal, both sides agreed to extend the deadline to
January 31, 2014, or to the earlier of three business days after
the effective date of AMR's Chapter 11 reorganization plan.  The
deal is subject to bankruptcy court approval.

An earlier agreement between AMR and the city, which was approved
on July 26 by Judge Sean Lane, imposed an Oct. 31 deadline for
the company to take over the leases.  If the effective date of
the plan does not occur by Oct. 31, 2013, the agreement will
become null and void.

The July 26 agreement required AMR to pay more than $11.7 million
to cure the default under the leases, which will be deemed
assumed on the effective date of AMR's restructuring plan.

                      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 bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.  The
plan confirmation order means that if AMR and US Airways win the
Justice Department lawsuit or settle with the government, the
merger plan can go into effect.

The antitrust suit is U.S. v. US Airways Group Inc., 13-cv-1236,
U.S. District Court, District of Columbia (Washington).

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)


AMERICAN AXLE: Amends Employment Pact with Chairman, CEO & Pres.
----------------------------------------------------------------
American Axle & Manufacturing Holdings, Inc., and David C. Dauch,
Chairman of the Board, president & chief executive officer of AAM,
amended and restated Mr. Dauch's employment agreement with AAM,
originally dated Aug. 27, 2012, to provide certain payments and
benefits to Mr. Dauch in the event his employment is terminated
within two years after, or prior to but in connection with, a
Change in Control.  The amended and restated employment agreement
also provides that the term of the agreement will be automatically
extended until the date that is two years following the Change in
Control.

If Mr. Dauch's employment is terminated without Cause or for Good
Reason on or within two years after, or prior to but in connection
with, a Change in Control, Mr. Dauch will be entitled to continued
payment of his base salary (currently $1,100,000), an annual bonus
and medical benefits for two years, in addition to any accrued and
unpaid compensation and benefits, and outplacement services.  The
amount of the annual bonus payments to Mr. Dauch will be
determined based on his average annual bonus for the three fiscal
years preceding the termination of his employment or the Change in
Control, or based on his target bonus for the year of the
termination of his employment or of the Change in Control,
whichever is highest.  This salary and benefit continuation is
subject to Mr. Dauch's execution of a general waiver and release
of claims against AAM and his continued compliance with the
confidentiality, non-competition, non-solicitation and
intellectual property assignment provisions of the agreement.

                         About American Axle

Headquartered in Detroit, Michigan, American Axle & Manufacturing
Holdings Inc. (NYSE: AXL) -- http://www.aam.com/-- manufactures,
engineers, designs and validates driveline and drivetrain systems
and related components and chassis modules for light trucks, sport
utility vehicles, passenger cars, crossover vehicles and
commercial vehicles.

As of June 30, 2013, the Company had $3 billion in total assets,
$3.11 billion in total liabilities and a $101.6 million total
stockholders' deficit.

                           *     *     *

In September 2012, Moody's Investors Service affirmed the 'B1'
Corporate Family Rating (CFR) and Probability of Default Rating
(PDR) of American Axle.

American Axle carries a 'BB-' corporate credit rating from
Standard & Poor's Ratings Services.  "The 'BB-' corporate credit
rating on American Axle reflects the company's 'weak' business
risk profile and 'aggressive' financial risk profile, which
incorporate substantial exposure to the highly cyclical light-
vehicle market," S&P said, as reported by the TCR on Sept. 6,
2012.

As reported by the TCR on Sept. 5, 2013, Fitch Ratings has
affirmed the 'B+' Issuer Default Ratings of American Axle &
Manufacturing Holdings, Inc. (AXL) and its American Axle &
Manufacturing, Inc. (AAM) subsidiary.  The ratings and Positive
Outlook for AXL and AAM are supported by Fitch's expectation that
the drivetrain and driveline supplier's credit profile will
strengthen over the intermediate term, despite some deterioration
over the past year.


AMERICANWEST BANCORP: Terminates Registration of Common Stock
-------------------------------------------------------------
AmericanWest Bancorporation filed with the Securities and Exchange
Commission on Oct. 4, 2013, a Form 15 certification/notice of
termination of registration of the Company's Common Stock, no par
value per share, under Section 12(g) of the Securities Exchange
Act of 1934.  A copy of the Form 15 is available at
http://is.gd/TnrpdF

                 About AmericanWest Bancorporation

Headquartered in Spokane, Washington, AmericanWest Bancorporation
(OTC BB: AWBC) -- http://www.awbank.net/-- was a bank holding
company whose principal subsidiary was AmericanWest Bank, which
included Far West Bank in Utah operating as an integrated
division of AmericanWest Bank.  AmericanWest Bank was a community
bank with 58 financial centers located in Washington, Northern
Idaho and Utah.

AmericanWest Bancorporation filed for Chapter 11 protection
(Bankr. E.D. Wash. Case No. 10-06097) on Oct. 28, 2010. The
banking subsidiary was not included in the Chapter 11 filing.

Christopher M. Alston, Esq., and Dillon E. Jackson, Esq., at
Foster Pepper Shefelman PLLC, in Seattle, Washington, serve as
bankruptcy counsel. G. Larry Engel, Esq., at Morrison & Foerster
LLP, also serves as counsel.

The Debtor estimated assets of $1 million to $10 million and
debts of $10 million to $50 million in its Chapter 11 petition.
AmericanWest Bancorporation's estimates exclude its banking
unit's assets and debts. In its Form 10-Q filed with the
Securities and Exchange Commission before the Petition Date,
AmericanWest Bancorporation reported consolidated assets --
including its bank unit's -- of $1.536 billion and consolidated
debts of $1.538 billion as of Sept. 30, 2010.

In December 2010, AmericanWest completed the sale of all
outstanding shares of AmericanWest Bank to a wholly owned
subsidiary of SKBHC Holdings LLC, in a transaction approved by
the U.S. Bankruptcy Court.  The bank subsidiary was sold to SKBHC
Holdings Inc. for $6.5 million cash.


AMERICAN MEDIA: Completes Swap of $94.3 Million Senior Notes
------------------------------------------------------------
American Media, Inc., consummated the previously disclosed
exchange of approximately $94.3 million aggregate principal amount
of the Company's existing 13 1/2 percent Second Lien Senior
Secured Notes due 2018 for an equal aggregate principal amount of
new 10 Percent Second Lien Senior Secured PIK Notes due 2018
issued by the Company under a new Indenture, dated Oct. 2, 2013,
by and among the Company, the Guarantors and Wilmington Trust,
National Association, as trustee.  After giving effect to this
exchange, approximately $10.6 million in aggregate principal
amount of Existing Second Lien Notes remains outstanding.

The New Second Lien PIK Notes are payable in kind at a rate of 10
percent per annum until the earliest of Dec. 15, 2016, the closing
of a refinancing of the Company's 11 1/2 Percent First Lien Senior
Secured Notes due 2017 or upon the occurrence of certain specified
events of default relating to the application of the cash interest
savings and the right of first offer, at which point the interest
payable on then outstanding aggregate principal amount of those
New Second Lien PIK Notes will be payable at a cash interest rate
of 13.5 percent per annum until the June 15, 2018, maturity date.
Subject to certain exceptions, cash interest savings resulting
from the exchange of the Existing Second Lien Notes must be used
by the Company to repurchase First Lien Notes until the cash
interest rate conversion date.  The Participating Holders have a
right of first offer to sell any of their First Lien Notes to the
Company before the Company makes repurchases of First Lien Notes
from any other holders of the First Lien Notes, including pursuant
to open market repurchases.

Should the Company effect a refinancing of the First Lien Notes,
under certain circumstances the Company may require additional
exchanges at its option, pursuant to the terms and conditions
contained in the Exchange Agreement and the Indenture.  Upon
completion of a refinancing of the First Lien Notes, the Company
may require (i) the Participating Holders to exchange up to $55
million in aggregate principal amount of the Company's First Lien
Notes for New Second Lien PIK Notes or, alternatively, new second
lien cash pay notes to be issued by the Company at a future date
pursuant to the terms of the Exchange Agreement and Indenture or
(ii) the holders of all New Second Lien PIK Notes to exchange all
of their New Second Lien PIK Notes for New Second Lien Cash Pay
Notes.  In the event of the Optional Second Lien Note Exchange,
certain of the Participating Holders will have the right to
designate an independent director to the Board of Directors of the
Company under certain conditions.

Stockholders' Agreement Amendment

The stockholders of the Company entered an amendment, dated as of
Oct. 2, 2013, to the existing Stockholders' Agreement, dated as of
Dec. 22, 2010, by and among the stockholders party thereto to
provide for one additional board member designated by certain of
the Participating Holders to be elected to the Company's Board of
Directors in the event of an Optional Second Lien Note Exchange so
long as the Participating Holders own at least 50 percent of the
New Second Lien Cash Pay Notes.

Registration Rights Agreement Amendment

The Company entered into the Waiver and Amendment, dated as of
Oct. 2, 2013, with respect to the Registration Rights Agreement,
dated as of Dec. 22, 2010, by and among the Company, the
Guarantors and certain holders of the Existing Second Lien Notes,
pursuant to which substantially all obligations of the Company and
the Guarantors under the Registration Rights Agreement have been
removed and the Participating Holders have granted a waiver of any
right to receive default interest under the Registration Rights
Agreement.

A complete copy of the Form 8-K report is available for free at:

                        http://is.gd/O58RYC

                       About American Media

Based in New York, American Media, Inc., publishes celebrity
journalism and health and fitness magazines in the U.S.  These
include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health,
and The National Enquirer.  In addition to print properties, AMI
manages 14 different Web sites.  The company also owns
Distribution Services, Inc., the country's #1 in-store magazine
merchandising company.

American Media, Inc., and 15 units, including American Media
Operations, Inc., filed for Chapter 11 protection in Manhattan
(Bankr. S.D.N.Y. Case No. 10-16140) on Nov. 17, 2010, with a
prepackaged plan.  The Debtors emerged from Chapter 11
reorganization in December 2010, handing ownership to former
bondholders.  The new owners include hedge funds Avenue Capital
Group and Angelo Gordon & Co.

American Media incurred a net loss of $55.54 million on $348.52
million of total operating revenues for the fiscal year ended
March 31, 2013, as compared with net income of $22.29 million on
$386.61 million of total operating revenues for the fiscal year
ended March 31, 2012.

The Company's balance sheet at June 30, 2013, showed $593.16
million in total assets, $667.12 million in total liabilities, $3
million in redeemable noncontrolling interest and a $76.95 million
total stockholders' deficit.

                           *     *     *

As reported by the TCR on Jan. 22, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on Boca Raton, Fla.-
based American Media Inc. to 'CCC+ ' from 'B-'.

"The downgrade conveys our expectation that continued declines in
circulation and advertising revenues will outweigh the company's
cost reductions, resulting in deteriorating operating performance,
rising debt leverage, and thinning discretionary cash flow," said
Standard & Poor's credit analyst


AMERICAN PETRO-HUNTER: OKs Issue of 4.1MM Shares to Director
------------------------------------------------------------
American Petro-Hunter Inc. approved the issuance of 4,101,844
shares of common stock of the Company to Robert B. McIntosh, the
Company's sole officer and director, in consideration for the
cancellation of an aggregate of approximately $81,626 in
indebtedness owed by the Company to Mr. McIntosh, based upon the
closing price of $0.0199 per share of the Company's common stock.

                    About American Petro-Hunter

Wichita, Kansas-based American Petro-Hunter, Inc., is an oil and
natural gas exploration and production (E&P) company with current
projects in Payne and Lincoln Counties in Oklahoma.

American Petro-Hunter disclosed a net loss of $3.30 million on
$308,770 of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $2.73 million on $317,931 of revenue during the
prior year.  As of June 30, 2013, the Company had $1.79 million in
total assets, $1.96 million in total liabilities and a $164,085
total stockhodlers' deficit.

Weaver Martin & Samyn, LLC, in Kansas City, Missouri, 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 is dependent upon the continued sale of its
securities or obtaining debt financing for funds to meet its cash
requirements.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


AMNEAL PHARMACEUTICALS: Moody's Gives B2 CFR & Rates New Loan B2
----------------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family rating
and a B2-PD Probability of Default Rating to Amneal
Pharmaceuticals LLC ("Amneal"). Moody's also assigned a B2 rating
to the company's proposed $475 million term loan, the proceeds of
which will be used to repay existing debt and fund a dividend to
Amneal's management and equity investors. This is the first time
that Moody's has rated Amneal. The outlook is stable.

Ratings assigned:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

Proposed senior secured term loan at B2 (LGD 4, 54%)

The outlook is stable.

Rating Rationale

The B2 Corporate Family Rating reflects Amneal's modest scale in
the highly competitive generic pharmaceutical industry, as well as
industry-wide risks such as pricing pressure and supply
disruptions. In the context of these industry-wide risks, Moody's
views Amneal's leverage of approximately 5.0 times as being
relatively high. The B2 rating is also constrained by risks
related to the very rapid growth of a relatively young company and
the limited cash flow expected over the next couple of years due
to high expansion-related capital expenditures and Amneal's high
tax distributions (the company operates as an LLC). Despite the
limited expected cash flow, Moody's recognizes that Amneal is
investing significantly in R&D and manufacturing capabilities
which will drive longer-term growth and strengthen its competitive
position.

The ratings are supported by Amneal's significant manufacturing
capacity in the US and India, its diverse dosage-form development
and manufacturing capabilities, including in-house active
pharmaceutical ingredient (API) production, as well as the
company's proven ability to launch and supply difficult-to-
manufacture products. The company has a significant portfolio of
new drugs on file with the FDA and in development that will drive
future growth. The ratings are also supported by the company's
strong quality track record. Moody's notes that the company
currently has no material litigation risk.

Moody's could upgrade the ratings if Amneal expands revenue and
EBITDA through successful execution of its growth strategy. An
upgrade could be supported if the rating agency expects adjusted
debt to EBITDA to be sustained below 4.0 times and free cash flow
to be consistently positive despite significant investment in R&D
and growth capital expenditures.

The ratings could be downgraded if Moody's expects adjusted debt
to EBITDA to be sustained above 6.0 times. This could occur from
acquisitions, shareholder dividends or operating disruption from
supply issues or difficulty in getting new products approved and
launched. The weakening of liquidity due to an overly aggressive
growth strategy could also lead to a downgrade.

Amneal Pharmaceuticals LLC ("Amneal"), founded in 2002 and
headquartered in Bridgewater, NJ, is a generic pharmaceutical
manufacturer with facilities in New York, New Jersey, and India.
The company currently generates most of its revenue in the US but
is actively pursuing expansion into international generic markets.
Amneal recorded net revenue of $452 million for the twelve months
ended August 31, 2013.


AMINCOR INC: OKs Issue of 250,000 Class A Shares to Consultant
--------------------------------------------------------------
Pursuant to a unanimous written consent, the Board of Directors of
Amincor, Inc., approved the issuance of 250,000 Class A Voting
Common Stock, par value $0.001, to Caro Capital, LLC, for a
purchase price of $200.  The Shares are compensation for providing
services of management consulting, business advisory, shareholder
information and public relations to the Company.  The Shares have
not been registered under the '33 Act and are restricted
accordingly.

                         About Amincor Inc.

New York, N.Y.-based Amincor, Inc., is a holding company operating
through its operating subsidiaries Baker's Pride, Inc.,
Environmental Holdings Corp. and Tyree Holdings Corp., and Amincor
Other Assets, Inc.

BPI is a producer of bakery goods.  Tyree performs maintenance,
repair and construction services to customers with underground
petroleum storage tanks and petroleum product dispensing
equipment.

Through its wholly owned subsidiaries, Environmental Quality
Services, Inc., and Advanced Waste & Water Technology, Inc., EHC
provides environmental and hazardous waste testing and water
remediation services in the Northeastern United States.

Other Assets, Inc., was incorporated to hold real estate,
equipment and loan receivables.  As of March 31, 2013, all of
Other Assets' real estate and equipment are classified as held for
sale.

As reported in the TCR on April 24, 2013, Rosen Seymour Shapss
Martin & Company, in New York, expressed substantial doubt about
Amincor's ability to continue as a going concern, citing the
Company's recurring net losses from operations and working capital
deficit of $21.2 million as of Dec. 31, 2012.

The Company's balance sheet at June 30, 2013, showed $33.75
million in total assets, $36.03 million in total liabilities and a
$2.27 million total deficit.


ANACOR PHARMACEUTICALS: FDA Accepts for Filing Tavaborole NDA
-------------------------------------------------------------
Anacor Pharmaceuticals' New Drug Application for tavaborole, its
drug candidate for the topical treatment of onychomycosis, has
been accepted by the U.S. Food and Drug Administration (FDA)
indicating that the application is sufficiently complete to permit
a substantive review.  The Prescription Drug User Fee Act (PDUFA)
V goal date is July 29, 2014.

                   About Anacor Pharmaceuticals

Palo Alto, Calif.-based Anacor Pharmaceuticals (NASDAQ: ANAC) is a
biopharmaceutical company focused on discovering, developing and
commercializing novel small-molecule therapeutics derived from its
boron chemistry platform.  Anacor has discovered eight compounds
that are currently in development.  Its two lead product
candidates are topically administered dermatologic compounds ?
tavaborole, an antifungal for the treatment of onychomycosis, and
AN2728, an anti-inflammatory PDE-4 inhibitor for the treatment of
atopic dermatitis and psoriasis.

As reported in the TCR on Mar 25, 2013, Ernst & Young LLP, in
Redwood City, California, in its report on the Company's financial
statements for the year ended Dec. 31, 2012, expressed substantial
doubt about the Company's ability to continue as a going concern,
citing the Company's recurring losses from operations and its need
for additional capital.

The Company's balance sheet at June 30, 2013, showed
$56.97 million in total assets, $49.56 million in total
liabilities, $4.95 million of redeemable common stock, and
stockholders' equity of $2.46 million.


ANDALAY SOLAR: Inks $500,000 Loan Agreement with Alpha Capital
--------------------------------------------------------------
Andalay Solar, Inc., formerly Westinghouse Solar, Inc., entered
into a loan and security agreement with Alpha Capital Anstalt and
Collateral Services, LLC, pursuant to which the Lender will
provide financing, on a discretionary basis, for one year, against
the Company's accounts receivable and inventory.  The maximum
amount that can be borrowed under the Agreement is $500,000.

The Company has the right to borrow against its accounts
receivable at the rate of 80 percent of the Net Face Amount of
Prime Accounts not in excess of $200,000, 50 percent of the
Current Market Cost of raw materials that constitute Eligible
Inventory, 65 percent of Current Market Cost of finished goods
that constitute Eligible Inventory and 95 percent of cash in a
blocked account, but not in the aggregate amount in excess of
$300,000.  The advances are secured by a lien on all of the assets
of the Company.  As required by the Agreement, the Company intends
to enter into a deposit account control agreement with the
Collateral Agent and the Company's bank.  All advances under the
Agreement bear interest at a per annum rate of 12 percent and
monthly interest shall be a minimum of $500.  At the time of
initial funding the Company paid a loan fee of 50 shares of its
Series D Preferred Shares to the Lender, in addition to other
payments for legal fees of the Lender.  In addition, the Company
paid the collateral agent an initial fee of $5,000 and has agreed
to pay an administrative fee to the collateral agent of 0.5
percent per month of the daily balance during the preceding month
or $500 whichever is less.  In the event that of a prepayment, the
Company is obligated to pay to the Lender a prepayment fee in an
amount equal to one percent (0.5 percent) of $500,000.

The Agreement contains both affirmative and negative covenants,
subject to materiality and other qualifications and exceptions
customary for a credit facility of this size and type.  The
Company's obligations under the Agreement may be accelerated upon
the occurrence of an event of default in accordance with the terms
of the Agreement, which includes customary events of default,
including payment defaults, the inaccuracy of representations or
warranties, cross-defaults related to material indebtedness,
bankruptcy and insolvency related defaults, defaults relating to
certain other matters,  and loss of perfected lien status.

On Sept. 30, 2013, the Company requested and received an initial
borrowing under the Agreement totaling $350,000.

                        About Andalay Solar

Founded in 2001, Andalay Solar, Inc., is a provider of innovative
solar power systems.  In 2007, the Company pioneered the concept
of integrating the racking, wiring and grounding directly into the
solar panel.  This revolutionary solar panel, branded "Andalay",
quickly won industry acclaim.  In 2009, the Company again broke
new ground with the first integrated AC solar panel, reducing the
number of components for a rooftop solar installation by
approximately 80 percent and lowering labor costs by approximately
50 percent.  This AC panel, which won the 2009 Popular Mechanics
Breakthrough Award, has become the industry's most widely
installed AC solar panel.  A new generation of products named
"Instant Connect" was introduced in 2012 and is expected to
achieve even greater market acceptance.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012, citing significant
operating losses and negative cash flow from operations that raise
substantial doubt about its ability to continue as a going
concern.

Westinghouse Solar disclosed a net loss of $8.62 million on
$5.22 million of net revenue in 2012, as compared with a net loss
of $4.63 million on $11.42 million of net revenue in 2011.

As of June 30, 2013, the Company had $3.04 million in total
assets, $5.30 million in total liabilities, $247,761 in series C
convertible redeemable preferred stock, $545,000 in series D
convertible redeemable preferred stock, and a $3.05 million total
stockholders' deficit.


APPLIED MINERALS: Berylson, et al., to Sell 19.8 Million Shares
---------------------------------------------------------------
Applied Minerals, Inc., registered with the U.S. Securities and
Exchange Commission 19,899,733 shares of its common stock with par
value of $0.001, to be sold by Berylson Master Fund, L.P., Kingdon
Associates, Kingdon Family Partnership, L.P., M. Kingdon Offshore
Master Fund, L.P., and Athelas Investment Limited.

Although the Company will incur expenses in connection with the
registration of the shares of Common Stock offered under this
prospectus, the Company will not receive any proceeds from the
sale of the shares of Common Stock by the Selling Stockholders.

The Company's Common Stock is quoted on the OTCQB under the symbol
"AMNL."  On Sept. 27, 2013, the closing bid quotation of the
Company's Common Stock was $1.07.

A copy of the Form S-1 is available for free at:

                         http://is.gd/mnxjvI

                        About Applied Minerals

New York City-based Applied Minerals, Inc. (OTC BB: AMNL) is a
leading global producer of halloysite clay used in the development
of advanced polymer, catalytic, environmental remediation, and
controlled release applications.  The Company operates the Dragon
Mine located in Juab County, Utah, the only commercial source of
halloysite clay in the western hemisphere.  Halloysite is an
aluminosilicate clay that forms naturally occurring nanotubes.

The Company reported a net loss attributable to the Company of
$7.48 million in 2011, a net loss attributable to the Company of
$4.76 million in 2010, and a net loss attributable to the Company
of $6.76 million in 2009.  The Company's balance sheet at March
31, 2013, showed $10.52 million in total assets, $2.75 million in
total liabilities, and $7.77 million in total stockholders'
equity.

                           Going Concern

The Company has incurred material recurring losses from
operations.  At March 31, 2013, the Company had a total
accumulated deficit of $51,837,337.  For the three months ended
March 31, 2013 and 2012, the Company sustained losses from
continuing operations of $3,078,891 and $1,807,205, respectively.
The Company's continuation as a going concern is contingent upon
its ability to generate revenue and cash flow to meet its
obligations on a timely basis and management's ability to raise
financing or dispose of certain non-core assets as required.

"We believe that we have sufficient resources and plans to
continue as a going concern for the next twelve months.  We plan
to generate additional liquidity through a combination of expected
cash generated from operations, proceeds received from the sale of
certain assets, and the utilization of various financing
alternatives, including additional financing from existing
investors," the Company said in its quarterly report for the
period ended March 31, 2013.


ARCHDIOCESE OF MILWAUKEE: Judge Randa Won't Recuse Self
-------------------------------------------------------
A federal judge refused to recuse himself from a lawsuit
involving a dispute over the ownership of funds held in the
Archdiocese of Milwaukee's cemetery trust.

"The Seventh Circuit, if not the Supreme Court, will be the final
word on the issues raised by the cemetery trust litigation,"
Judge Rudolph Randa of the U.S. District Court for the Eastern
District of Wisconsin said in the order explaining his decision.
"The last thing this case needs is another decision by another
lower court federal judge before it reaches the Seventh Circuit."

Earlier, creditors of the archdiocese asked Judge Randa to recuse
himself from the lawsuit, arguing he has relatives buried in
archdiocesan cemeteries which could have influenced his previous
ruling that allowed the archdiocese to set up a separate trust
fund for the maintenance of those cemeteries.

At issue in the lawsuit is whether $50 million or more held in
the cemetery trust can be used to fund settlements with victims
of sex abuse committed by priests.

Judge Randa ruled late in July that the maintenance of the
cemeteries through the funds is a "fundamental tenet of the
Catholic faith" and that forcing the archdiocese to tap those
funds would burden its free exercise of religion under the
Religious Freedom Restoration Act of 1993.

Creditors have protested the ruling, saying Judge Randa had a
financial interest in the outcome of the litigation.  They also
sought for the release of documents showing any links between the
archdiocese's cemeteries and the judge, which the U.S. Bankruptcy
Court for the Eastern District of Wisconsin granted in August.

The archdiocese's lawyers opposed the creditors' bid to remove the
judge, saying it was "a thinly disguised attempt to shop for a new
district court judge" who would be more favorably disposed to
their claims, according to a report by the Catholic Culture.

The lawyers argued that the notion that a judge should be
disqualified because his relatives are buried in Catholic
cemeteries would, if pressed, "impermissibly impose a religious
test on this judge," according to the report.

The archdiocesan lawyers also denied that Judge Randa has
financial interest in the cemeteries, pointing out that the issue
is moot because the case is already headed to the 7th Circuit
U.S. Court of Appeals, according to another report by the
Milwaukee Journal Sentinel.

The cases before the court are Archbishop Jerome E. Listecki, as
Trustee of the Archdiocese of Milwaukee Catholic Cemetery
Perpetual Care Trust, Plaintiff, v. Official Committee of
Unsecured Creditors, Defendant; Official Committee of Unsecured
Creditors, Counterclaimant, v. Archbishop Jerome E. Listecki, as
Trustee of the Archdiocese of Milwaukee Catholic Cemetery
Perpetual Care Trust, Counterdefendant; Adv. Proc. No. 11-02459
(Bankr. E.D. Wis.).

                  About Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and
was elevated to an Archdiocese on Feb. 12, 1875, by Pope Pius
IX.  The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case No.
11-20059) on Jan. 4, 2011, to address claims over sexual abuse
by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
Howard, Solochek & Weber, S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.

(Catholic Church Bankruptcy News; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


ARCHDIOCESE OF MILWAUKEE: Church Alerted Police In Abuse Cases
--------------------------------------------------------------
Documents released by the Archdiocese of Milwaukee show that
church officials reported sex-abuse complaints to local police in
some cases but prosecutors rarely pressed charged, the Catholic
Culture reported.

The archdiocesan files show that although Church leaders have
been frequently criticized for failing to report abuse to civil
authorities, many cases were reported.

Among the 42 priests whose files were released in July under the
terms of an agreement in bankruptcy court, 28 were reported to
local police or prosecutors.  In five of the remaining cases, the
victims were not willing to go to police or the accused priests
were deceased at the time the allegations were made, the news
agency reported.

                   About Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and
was elevated to an Archdiocese on Feb. 12, 1875, by Pope Pius
IX.  The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case No.
11-20059) on Jan. 4, 2011, to address claims over sexual abuse
by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
Howard, Solochek & Weber, S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.

(Catholic Church Bankruptcy News; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


ARCHDIOCESE OF MILWAUKEE: Future Claimants' Representative Named
----------------------------------------------------------------
A bankruptcy judge appointed Stephen Gray of Deloitte Financial
Advisory Services as legal representative for future claimants of
the Archdiocese of Milwaukee.

In a Sept. 20 decision, Judge Susan Kelley of the U.S. Bankruptcy
Court for the Eastern District of Wisconsin appointed Mr. Gray, a
director at Deloitte FAS, to represent sex abuse victims who may
file claims against the archdiocese.

The bankruptcy judge also authorized Mr. Gray --
stgray@deloitte.com -- to utilize the services of Deloitte
personnel in connection with the performance of his duties.

The services to be provided by the legal representative include
estimating the size of claims that may be filed, and advocating
for the proper treatment of those claims under a Chapter 11 plan.

Mr. Gray and his firm will be paid an hourly rate of $375 to
$695.  His fees are subject to a cap of $125,000, according to
Judge Kelley's order.

The bankruptcy judge appointed Mr. Gray despite an objection from
the archdiocese's official committee of unsecured creditors.

The group called the appointment as "premature" because the
archdiocese has not yet proposed a reorganization plan, which,
the group, said would be "unconfirmable" in light of its
administrative insolvency or illiquidity.  It also argued that
the class of creditors described by the archdiocese in its
application cannot be estimated by a legal representative for
future claimants.

                  About Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and
was elevated to an Archdiocese on Feb. 12, 1875, by Pope Pius
IX.  The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case No.
11-20059) on Jan. 4, 2011, to address claims over sexual abuse
by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
Howard, Solochek & Weber, S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.

(Catholic Church Bankruptcy News; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


BBX CAPITAL: Bluegreen Closes Sale of $110.6MM Loan-Backed Notes
----------------------------------------------------------------
BBX Capital Corporation holds a 46 percent equity interest in
Woodbridge Holdings, LLC, which owns 100 percent of Bluegreen
Corporation.

On Sept. 26, 2013, Bluegreen completed a private offering and sale
of approximately $110.6 million of investment-grade, timeshare
loan-backed notes.  The 2013-A Term Securitization consisted of
the issuance of two tranches of timeshare loan-backed notes:
approximately $89.1 million of Class A and $21.5 million of Class
B notes with note interest rates of 3.01 percent and 4.00 percent,
respectively, which blended to an overall weighted average note
interest rate of approximately 3.20 percent.  The gross advance
rate for this transaction was 93.75 percent.  The Notes mature on
Dec. 4, 2028.  BB&T Capital Markets acted as the bookrunner,
structuring agent and co-lead manager and Barclays Capital Inc.
acted as co-lead manager.  Both BB&TCM and Barclays acted as
initial purchasers.

The amount of the timeshare receivables sold to BXG Receivables
Note Trust 2013-A was approximately $118 million, approximately
$95.4 million of which was sold to the Trust at closing and
approximately $22.6 million is expected to be sold to the Trust
prior to Dec. 26, 2013.  The gross proceeds of those sales to the
Trust are anticipated to be approximately $110.6 million.  A
portion of the proceeds received to date were used to: repay
Branch Banking and Trust Company approximately $39.3 million,
representing all amounts outstanding under Bluegreen's existing
purchase facility with BB&T; repay Liberty Bank approximately $9.7
million under Bluegreen's existing facility with Liberty Bank;
capitalize a reserve fund; and pay fees and expenses associated
with the transaction.

Prior to the closing of the 2013-A Term Securitization, Bluegreen,
as servicer, funded approximately $15.4 million in connection with
the servicer redemption of the notes related to BXG Receivables
Note Trust 2004-C/BXG Receivables Note Trust 2005-A, and certain
of the timeshare loans in those trusts were sold to the Trust in
connection with the 2013-A Term Securitization.  The remainder of
the gross proceeds from the 2013-A Term Securitization of
approximately $43 million, of which approximately $21.2 million
will be received as the aforementioned approximately $22.6 million
of timeshare receivables are sold to the Trust, are expected to be
used for general corporate purposes.  As a result of the facility
repayments, immediately after the closing of the 2013-A Term
Securitization, (i) there were no amounts outstanding under the
BB&T Purchase Facility, which allows for maximum outstanding
receivable-backed borrowings of $40 million on a revolving basis
through Dec. 17, 2013, and (ii) there was approximately $14.1
million outstanding under the Liberty Bank Facility, which allows
for maximum outstanding receivable-backed borrowings of $50
million on a revolving basis through March 1, 2015.  Thus,
additional availability of approximately $48.8 million in the
aggregate was created under the BB&T Purchase Facility and Liberty
Bank Facility.

While ownership of the timeshare receivables included in the 2013-
A Term Securitization is transferred and sold for legal purposes,
the transfer of these timeshare receivables is accounted for as a
secured borrowing for financial accounting purposes.  As a result,
no gain or loss was recognized by Bluegreen in connection with the
transaction.

                         About BBX Capital

BBX Capital (NYSE: BBX), formerly known as BankAtlantic Bancorp,
is a diversified investment and asset management company.  The
business of BBX Capital includes real estate ownership, direct
acquisition and joint venture equity in real estate, specialty
finance, and the acquisition of controlling and non controlling
investments in operating businesses.

BBX Capital disclosing net income of $235.76 million in 2012, a
net loss of $28.74 million ncome in 2011 and a net loss of $143.25
million in 2010.  As of June 30, 2013, the Company had $442.03
million in total assets, $196.63 million in total liabilities and
$245.39 million in total stockholders' equity.

                            *     *     *

As reported by the TCR on March 1, 2011, Fitch has affirmed its
current Issuer Default Ratings for BankAtlantic Bancorp and its
main subsidiary, BankAtlantic FSB at 'CC'/'C' following the
announcement regarding the regulatory order with the Office of
Thrift Supervision.

BankAtlantic has announced that it has entered into a Cease and
Desist Order with the OTS at both the bank and holding company
level.  The regulatory order includes increased regulatory capital
requirements, limits to the size of the balance sheet, no new
commercial real estate lending and improvements to its credit risk
and administration areas.  Furthermore, the holding company must
also submit a capital plan to maintain and enhance its capital
position.


BENTLEY PREMIER: U.S. Trustee Directed to Appoint Ch. 11 Trustee
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas
directed William T. Neary, the U.S. Trustee for Region 6, to
appoint a Chapter 11 trustee in the case of Bentley Premier
Builders, LLC, pursuant to an agreed order.

The agreement was entered among Timothy W. O'Neal on behalf of the
U.S. Trustee; Gerald P. Urbach, Esq., at Hiersche, Hayward,
Drakeley & Urbach on behalf of the Debtor; and Larry A. Levick,
Esq., on behalf of David Adams, Don Chiles, Karen Misko, trustee
for the Morgan Michelle Misko Trust for 6812 Francesca Lane, Bill
Loughborough, Teresa Loughborough, Mark Smith Custom Homes, Inc.,
Peckham Custom Builders, Ltd., Mark Pitts.

As reported in the Troubled Company Reporter on Sept. 24, 2013,
the U.S. Trustee sought appointment of a Chapter 11 trustee,
conversion of the Debtor's case to a chapter 7 liquidation, or
outright case dismissal.  The U.S. Trustee argued that the case
appears to be a continuation of the control dispute between Sandy
Golgert and Phillip Pourchot and not for any financial
rehabilitative purpose.  The ongoing dispute negatively affects
the creditors, the estate and the homeowners.

Golgert and Pourchot are 50/50 owners of the Debtor.  They
apparently were involved in a relationship and the Debtor's
operations suffered when the parties' relationship deteriorated.
They were subsequently involved in a state court litigation over
control of the Debtor.  The Phillip M. Pourchot Revocable Trust
and Starside LLC then acquired and accelerated the Debtor's
secured debt and initiated foreclosure actions against the Debtor.

The U.S. Trustee noted that the Pourchot Entities sought dismissal
of the case, citing the filing by Golgert was without proper
authorization.  The Pourchot Entities later withdrew the Motion to
Dismiss, but thereafter filed a Motion to Appoint a Chapter 11
Trustee.

The Pourchot Entities, the U.S. Trustee, also objected to the
employment of the Debtor's proposed counsel, saying that the
counsel represented Golgert individually pre-bankruptcy.

The U.S. Trustee also indicated that at the Sept. 6, 2013
creditors' meeting, Golgert admitted to signing affidavits and
other documents stating all bills and invoices had been paid on
certain homes when in fact all bills and invoices had not been
paid and to submitting false documents and draw requests regarding
certain homes.

                     About Bentley Premier

Bentley Premier Builders, LLC, is a Texas limited liability
company in the business of real estate development and building
custom houses.  It filed a Chapter 11 petition (Bankr. E.D. Tex.
Case No. 13-41940) on Aug. 6, 2013 in Sherman, Texas.  Judge
Brenda Rhoades presides over the case.  Gerald P. Urbach, Esq.,
and Jason A. Katz, Esq., at Hiersche, Hayward, Drakeley & Urbach,
P.C., in Addison, Texas, serve as counsel.  The Debtor disclosed
$35,793,857 in assets and $30,428,782 in liabilities as of the
Chapter 11 filing.


BENTLEY PREMIER: Gets Interim OK on Hiersche Hayward as Counsel
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas
authorized, on an interim basis, Bentley Premier Builders, LLC to
employ Hiersche, Hayward, Drakeley, & Urbach, P.C. as primary
bankruptcy counsel.

A final hearing on the application is set for Oct. 21, 2013, at
9:30 a.m.

As reported in the Troubled Company Reporter on Aug. 27, 2013, the
firm's Gerald P. Urbach, Esq., and Jason M. Katz, Esq., are
expected to provide legal services to the Debtor.

The Debtor expects the HHDU firm to provide legal services on
matters involving financial restructuring and insolvency issues,
including exploration of possible non-bankruptcy restructuring
alternatives, as well as preparation of the requisite petitions,
pleadings, exhibits, lists and schedules in connection with the
commencement of the Chapter 11 case.

HHDU has advised that the representation of the Debtor will
involve fees and expenses of more than $13,000 and the firm
expects to be paid for future fees and expenses out of the
Debtor's operations, after appropriate Court order.

To the best of the Debtor's knowledge, HHDU does not have any
connection with, or any interest adverse to, the Debtor, its
creditors, or any other party-in-interest or their respective
attorneys and accountants, or the U.S. Trustee for the Eastern
District of Texas.  Accordingly, HHDU and its professionals are
"disinterested persons" as the term is defined under Sec. 101(14)
of the Bankruptcy Code.

                     About Bentley Premier

Bentley Premier Builders, LLC, is a Texas limited liability
company in the business of real estate development and building
custom houses.  It filed a Chapter 11 petition (Bankr. E.D. Tex.
Case No. 13-41940) on Aug. 6, 2013 in Sherman, Texas.  Judge
Brenda Rhoades presides over the case.  Gerald P. Urbach, Esq.,
and Jason A. Katz, Esq., at Hiersche, Hayward, Drakeley & Urbach,
P.C., in Addison, Texas, serve as counsel.  The Debtor disclosed
$35,793,857 in assets and $30,428,782 in liabilities as of the
Chapter 11 filing.


CAESARS ENTERTAINMENT: Sets Record Date for Rights Distribution
---------------------------------------------------------------
Caesars Entertainment Corporation has set the close of business on
Oct. 17, 2013, as the record date for the distribution of
subscription rights for common stock of Caesars Acquisition
Company.

Each stockholder of Caesars as of the close of business on the
Record Date will be issued, at no charge, one non-transferable
subscription right for each whole share of Caesars common stock
owned by that stockholder as of the close of business on the
Record Date.  The subscription rights may not be sold, transferred
or assigned and will not be quoted on any stock exchange or
market.

Each subscription right will entitle the stockholder to purchase
from CAC one share of CAC's Class A common stock.  CAC is a newly
formed company created to facilitate the previously announced
strategic transaction pursuant to which Caesars will form a new
growth-oriented entity, Caesars Growth Partners, LLC, to be owned
by Caesars and CAC.  The closing of the strategic transaction is
subject to certain conditions, including entry into definitive
documentation and the receipt of required regulatory approvals and
lenders' approvals, and there can be no assurance that those
conditions will be satisfied.

Caesars presently expects to distribute the subscription rights to
its stockholders as soon as practicable following the Record Date.
Caesars will announce additional information regarding the terms
of the subscription rights when the information is available.

                    About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.
-- http://www.caesars.com/-- is one of the world's largest casino
companies, with annual revenue of $4.2 billion, 20 properties on
three continents, more than 25,000 hotel rooms, two million square
feet of casino space and 50,000 employees.  Caesars casino resorts
operate under the Caesars, Bally's, Flamingo, Grand Casinos,
Hilton and Paris brand names.  The Company has its corporate
headquarters in Las Vegas.

Harrah's announced its re-branding to Caesar's on mid-November
2010.

The Company incurred a net loss of $1.49 billion on $8.58 billion
of net revenues for the year ended Dec. 31, 2012, as compared with
a net loss of $666.70 million on $8.57 billion of net revenues
during the prior year.  As of June 30, 2013, the Company had
$26.84 billion in total assets, $27.58 billion in total
liabilities and a $738.1 million total deficit.

                           *     *     *

Caesars Entertainment carries a 'CCC' long-term issuer default
rating, with negative outlook, from Fitch and a 'Caa1' corporate
family rating with negative outlook from Moody's Investors
Service.

As reported in the TCR on Feb. 5, 2013, Moody's Investors Service
lowered the Speculative Grade Liquidity rating of Caesars
Entertainment Corporation to SGL-3 from SGL-2, reflecting
declining revolver availability and Moody's concerns that Caesars'
earnings and cash flow will remain under pressure causing the
company's negative cash flow to worsen.

In the May 7, 2013, edition of the TCR, Standard & Poor's Ratings
Services said that it lowered its corporate credit ratings on Las
Vegas-based Caesars Entertainment Corp. (CEC) and wholly owned
subsidiary Caesars Entertainment Operating Co. (CEOC) to 'CCC+'
from 'B-'.

"The downgrade reflects weaker-than-expected operating performance
in the first quarter, and our view that Caesars' capital structure
may be unsustainable over the next two years based on our EBITDA
forecast for the company," said Standard & Poor's credit analyst
Melissa Long.


CAESARS ENTERTAINMENT: $2.7 Billion Term Loans Fully Syndicated
---------------------------------------------------------------
Caesars Entertainment Corporation previously disclosed that, on
Sept. 27, 2013, its wholly-owned subsidiaries, Paris Las Vegas
Holding, LLC, Harrah's Las Vegas, LLC, Flamingo Las Vegas Holding,
LLC, Rio Properties, LLC, Harrah's Laughlin, LLC, Harrah's
Atlantic City Holding, Inc., Caesars Entertainment Resort
Properties, LLC, and Caesars Entertainment Resort Properties
Finance, Inc., received indicative pricing for $2,769.5 million of
new senior secured credit facilities, consisting of a $2,500
million term loan facility with a 7-year maturity and a $269.5
million revolving credit facility with a 5-year maturity.  The
loans under the Senior Facilities are expected to bear an interest
rate of LIBOR plus 6.00 percent, with a LIBOR floor of 1.00
percent.  The loans under the Term Facility are expected to be
issued at 98 percent of par value.

On Oct. 2, 2013, the Company announced that the Term Loans have
been fully syndicated at the indicative pricing terms.  The Senior
Facilities are expected to close on or about Oct. 11, 2013,
subject to a number of customary conditions.

The Company and the CERP Entities intend to use the net proceeds
from the previously disclosed notes offering and the Term Loans,
together with cash on hand, to consummate the previously announced
repurchase of mortgage and mezzanine loans issued by certain
subsidiaries of the Company and the refinancing of the senior
secured credit facility entered into by Octavius Linq Holding Co.,
LLC, an indirect subsidiary of the Company.

                     About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.
-- http://www.caesars.com/-- is one of the world's largest casino
companies, with annual revenue of $4.2 billion, 20 properties on
three continents, more than 25,000 hotel rooms, two million square
feet of casino space and 50,000 employees.  Caesars casino resorts
operate under the Caesars, Bally's, Flamingo, Grand Casinos,
Hilton and Paris brand names.  The Company has its corporate
headquarters in Las Vegas.

Harrah's announced its re-branding to Caesar's on mid-November
2010.

The Company incurred a net loss of $1.49 billion on $8.58 billion
of net revenues for the year ended Dec. 31, 2012, as compared with
a net loss of $666.70 million on $8.57 billion of net revenues
during the prior year.  As of June 30, 2013, the Company had
$26.84 billion in total assets, $27.58 billion in total
liabilities and a $738.1 million total deficit.

                           *     *     *

Caesars Entertainment carries a 'CCC' long-term issuer default
rating, with negative outlook, from Fitch and a 'Caa1' corporate
family rating with negative outlook from Moody's Investors
Service.

As reported in the TCR on Feb. 5, 2013, Moody's Investors Service
lowered the Speculative Grade Liquidity rating of Caesars
Entertainment Corporation to SGL-3 from SGL-2, reflecting
declining revolver availability and Moody's concerns that Caesars'
earnings and cash flow will remain under pressure causing the
company's negative cash flow to worsen.

In the May 7, 2013, edition of the TCR, Standard & Poor's Ratings
Services said that it lowered its corporate credit ratings on Las
Vegas-based Caesars Entertainment Corp. (CEC) and wholly owned
subsidiary Caesars Entertainment Operating Co. (CEOC) to 'CCC+'
from 'B-'.

"The downgrade reflects weaker-than-expected operating performance
in the first quarter, and our view that Caesars' capital structure
may be unsustainable over the next two years based on our EBITDA
forecast for the company," said Standard & Poor's credit analyst
Melissa Long.


CEL-SCI CORP: Has Until Oct. 31 to Regain NYSE Listing Compliance
-----------------------------------------------------------------
CEL-SCI Corporation on Oct. 4 disclosed that the NYSE MKT has
granted the Company an extension until October 31, 2013 to regain
compliance with the Exchange's continued listing standards.  The
Exchange initially granted the Company until September 30, 2013 to
regain compliance after accepting the Company's plan on August 30,
2013 to bring itself into compliance.

The Company previously received notice from the Exchange on
July 18, 2013, indicating that the Company is not in compliance
with Section 1003(a)(iv) of the Exchange's continued listing
standards in the Company Guide.

The Company will continue to be subject to periodic review during
the extension period.  Failure to make progress consistent with
the plan or to regain compliance with the continued listing
standards by the end of the extension period could result in the
Company being delisted from the NYSE MKT.

                    About CEL-SCI Corporation

CEL-SCI is dedicated to research and development directed at
improving the treatment of cancer and other diseases by utilizing
the immune system, the body's natural defense system.  Its lead
investigational therapy is Multikine (Leukocyte Interleukin,
Injection), currently being studied in a pivotal global Phase III
clinical trial.  CEL-SCI is also investigating an immunotherapy
(LEAPS-H1N1-DC) as a possible treatment for H1N1 hospitalized
patients and as a vaccine (CEL-2000) for Rheumatoid Arthritis
(currently in preclinical testing) using its LEAPS technology
platform.  The investigational immunotherapy LEAPS-H1N1-DC
treatment involves non-changing regions of H1N1 Pandemic Flu,
Avian Flu (H5N1), and the Spanish Flu, as CEL-SCI scientists are
very concerned about the possible emergence of a new more virulent
hybrid virus through the combination of H1N1 and Avian Flu, or
maybe Spanish Flu.  The Company has operations in Vienna,
Virginia, and in/near Baltimore, Maryland.


CHESTER COMMUNITY: Fitch Rates $56-Mil. Revenue Bonds at 'BB'
-------------------------------------------------------------
Fitch Ratings has placed Chester Community Charter School's (CCCS)
$56.115 million revenue bonds, issued by the Delaware County
Industrial Development Authority, PA (DCIDA) on Rating Watch
Negative. The bonds are rated 'BB'.

Security

The bonds are secured by pledged revenues of CCCS, backed by a
mortgage on the property and facilities leased by the school and a
debt service reserve (DSR) cash-funded to transaction maximum
annual debt service (TMADS) of $4.1 million due in 2013. Payments
to CSMI, LLC (CSMI) are subordinated to the payment of debt
service and the maintenance of a fully funded DSR.

Placement on Rating Watch Negative

On Aug. 30, 2013, Fitch published a press release relating to a
Commonwealth of Pennsylvania Auditor General's Performance Audit
for CCCS. At the time of publishing Fitch had not received a
response from the school's charter authorizer, Chester Upland
School District (the authorizer, CUSD) regarding their assessment
of the impact the audit (presented on Aug. 20, 2013) on CCCS'
operations.

Subsequently, Fitch received notice from CUSD on Oct. 2, 2013 that
it will be reviewing the audit and its 11 findings. CUSD, by way
of a court appointed receiver, is currently assessing the impact
of the auditor's findings and will publicize the resulting
decision, once the review is completed. These findings include the
implication that certain funds were received from the state that
may need to be paid back. CCCS' management has previously rebutted
the findings as frivolous and without basis.

The Rating Watch Negative reflects uncertainty surrounding the
potential actions by the charter authorizer regarding the audit.
Fitch is in the process of evaluating the credit implications, if
any, of the report on CCCS' operations and credit fundamentals. As
part of Fitch's evaluation, the authorizer was contacted to
ascertain the possible consequences to the charter renewal as a
result of the findings.

Fitch will monitor the actions taken as a result of the CUSD's
evaluation of the audit. In Fitch's opinion there is limited
upside to the school if the findings are null, but a negative view
of the findings may be detrimental to CCCS' operations and
finances, especially if the charter is impacted.


CHINA PRECISION: To Report $69 Million Net Loss in Fiscal 2013
--------------------------------------------------------------
China Precision Steel, Inc., disclosed in a regulatory filing with
the U.S. Securities and Exchange Commission that current assets
declined by approximately $59 million, or 51 percent, year-on-
year, to approximately $56 million as of June 30, 2013.  In
addition, net loss increased by approximately $52 million, to
approximately $69 million for the year ended June 30, 2013,
compared to approximately $17 million for the year ended June 30,
2012.  The increase in net loss is attributable to a combination
of the factors, including a material decline in sales revenues, a
negative gross profit margin, and a substantial allowance for bad
and doubtful debts.

The Company was unable, without unreasonable effort or expense,
able to file its annual report on Form 10-K for the fiscal year
ended June 30, 2013, by Sept. 30, 2013.  The Company anticipates
that it will file its Form 10-K within the "grace" period provided
by Securities Exchange Act Rule 12b-25.

                       About China Precision

China Precision Steel Inc. is a niche precision steel processing
company principally engaged in the production and sale of high
precision cold-rolled steel products and provides value added
services such as heat treatment and cutting medium and high
carbon hot-rolled steel strips.  China Precision Steel's high
precision, ultra-thin, high strength (7.5 mm to 0.05 mm) cold-
rolled steel products are mainly used in the production of
automotive components, food packaging materials, saw blades and
textile needles.  The Company primarily sells to manufacturers in
the People's Republic of China as well as overseas markets such
as Nigeria, Thailand, Indonesia and the Philippines. China
Precision Steel was incorporated in 2002 and is headquartered in
Sheung Wan, Hong Kong.

China Precision reported a net loss of $16.94 million for the
year ended June 30, 2012, compared with net income of $256,950
during the prior fiscal year.

For the nine months ended March 31, 2013, the Company incurred a
net loss of $28.59 million on $22.68 million of sales revenues, as
compared with a net loss of $7.93 million on $105.32 million of
sales revenues for the same period a year ago.

The Company's balance sheet at March 31, 2013, showed $163.25
million in total assets, $70.61 million in total liabilities, all
current, and $92.63 million in total stockholders' equity.

Moore Stephens, in Hong Kong, issued a "going concern"
qualification on the consolidated financial statement for the
year ended June 30, 2012.  The independent auditors noted that
the Company has suffered a very significant loss in the year
ended June 30, 2012, and defaulted on interest and principal
repayments of bank borrowings that raise substantial doubt about
its ability to continue as a going concern.


COMMUNITY CHOICE: Moody's Affirms 'B3' Sr. Secured Debt Rating
--------------------------------------------------------------
Moody's Investors Service affirmed the ratings of Community Choice
Financial, Inc. ("CCFI," Corporate Family Rating and senior
secured debt at B3). The outlook is stable.

Ratings Rationale

The ratings of CCFI reflect the company's efficient operations, as
shown by the company's superior operating margins compared with
rated peers, as well as ongoing solid demand for its product
offerings, and effective management team. Balancing these positive
attributes are key leverage and debt service metrics below the
median for rated peers, significant geographic concentrations and
the intensified regulatory environment for its core payday loan
product at both the state and federal levels.

Based in Dublin, Ohio, CCFI is a financial services retailer
serving the underbanked consumer. As of June 30, 2013, the company
had 492 stores located in 15 states in the U.S. and had an
internet presence in 22 states.


CRYOPORT INC: Investors Convert $4.1MM Notes for 20.6MM Units
-------------------------------------------------------------
Cryoport, Inc., entered into definitive agreements for the
conversion of certain outstanding unsecured convertible promissory
notes held by certain institutional and accredited investors
pursuant to the offer letter from the Company and Letters of
Tender and Exchange submitted by the Investors.

Pursuant to the Exchange Documents, the Investors converted an
aggregate of $4,127,202 of outstanding principal and interest
under the Notes into 20,636,011 units at a price of $0.20 per
Unit, with each Unit consisting of (i) one share of common stock
of the Company and (ii) one warrant to purchase one share of
Common Stock at an exercise price of $0.37 per share.  The
warrants are exercisable beginning on March 31, 2014, and have a
term of five years from date of issuance.  The aggregate amount
converted includes $101,945 and $202,740 of outstanding principal
and interest under Notes respectively held by Richard G. Rathmann,
a director, and GBR Investments, LLC, in which Mr. Rathmann is the
manager.

Emergent Financial Group, Inc., served as the Company's placement
agent in connection with the original placement of the unsecured
convertible promissory notes and earned a commission of 9 percent
of the original principal balance of those notes, or $338,382 at
the time of the original issuance of those notes and was issued a
warrant to purchase 1,911,259 shares of Common Stock at an
exercise price of $0.20 per share upon the conversion of those
notes.  Emergent Financial Group, Inc., did not receive any
compensation with respect to the Notes issued to Richard G.
Rathmann or GBR Investments, LLC, or the conversion of those
Notes.

In addition, two directors, Stephen Wasserman and Richard G.
Rathmann, elected to convert $20,000 and $24,556, respectively, of
outstanding board of director fees owed to them by the Company
into 100,000 and 122,778 Units, respectively, at the same exchange
rate and on the same terms as provided to the Investors.

                          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.

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.

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.  The Company's balance sheet at
June 30, 2013, showed $1.66 million in total assets, $4.68 million
in total liabilities and a $3.02 million total stockholders'
deficit.


CUBIC ENERGY: Closes Acquisition Of Gastar East Texas Assets
------------------------------------------------------------
Cubic Energy, Inc., has closed and funded the previously announced
acquisition of all of the East Texas assets of Gastar Exploration,
Texas, LP, paying to Gastar a net purchase price cash balance of
$39,188,830.  The Company has also closed on an additional
transaction to acquire a minority working interest position in
leases, and their associated well bore and infrastructure
interests, in the same properties the Company has acquired from
Gastar, for $19,400,000 from a third-party.  This additional
acquisition includes approximately 6,400 net acres in Leon and
Robertson Counties, Texas.  The Company also has closed on the
acquisition of Northwest Louisiana assets from Tauren Exploration,
Inc., an affiliate of the Company's CEO, Calvin Wallen III, which
includes approximately 5,600 net acres, well bores, infrastructure
and production.  As consideration for the acquisition of these
Tauren assets, the Company is paying $4,000,000 in cash and
delivering 2,000 shares of a new Series B Convertible Preferred
Stock with a stated value of $1,000 per share.  The Series B is
entitled to dividends at a rate of 9.5 percent per annum and,
subject to certain limitations, is convertible into the Company's
common stock at a conversion rate of $0.50 per common share.

The purchased assets in aggregate are being contributed to Cubic
Asset, LLC, a wholly owned subsidiary of Cubic Asset Holding, LLC.
Cubic Asset Holding, LLC, is a wholly owned subsidiary of the
Company.  The Company's legacy assets are being contributed to
Cubic Louisiana, LLC, a wholly owned subsidiary of Cubic Louisiana
Holding, LLC.  Cubic Louisiana Holding, LLC, is a wholly owned
subsidiary of the Company.

To fund some of the acquisitions, the Company has entered into
financing transactions with funding parties, collectively, for
$66,000,000 in cash.  As consideration for funding this
$66,000,000, (i) the Company has issued notes payable to the
Lenders, paying interest at a rate of 15.5 percent per annum with
8.5 percent of the interest to be paid in kind for the first six
months of the Lenders' financing, with those notes maturing in
thirty six months, (ii) the Company has issued two classes of
warrants to the Lenders, one issued for the right to purchase an
aggregate of 30 percent of the common stock of the Company on a
fully diluted basis, at an exercise price of $0.01 per common
share, and another for the right to purchase an aggregate of an
additional 15 percent of the common stock of the Company on a
fully diluted basis, at an exercise price of $0.50 per common
share.  Both series of warrants expire on Oct. 2, 2019.  The
Investors will have immediate voting rights equal to the voting
power, in the aggregate, of the common shares underlying each
class of warrants, as a result of the issuance by the Company of a
new class of Series C Voting Preferred Stock with nominal economic
rights.  All of the assets of Cubic Asset, LLC, are being pledged
as collateral for the notes, with the Lenders having a first lien
position on the assets of Cubic Asset, LLC, its parent Cubic Asset
Holding, LLC, and assets of the Company.  The Lenders will also
have a second lien position on the assets of Cubic Louisiana, LLC
and its parent, Cubic Louisiana Holding, LLC.  Imperial Capital,
LLC, served as financial advisor to the Company in connection with
the financing transactions.

The Company, through its subsidiary Cubic Asset, LLC, has also
entered into a Call Option Structured Derivative payment with a
third party that will result in an upfront payment at closing of
approximately $35,000,000.  In addition, this third party has
entered into agreements with Cubic Asset, LLC, and Cubic
Louisiana, LLC contemplating the hedging of hydrocarbons.  This
third party will have a junior lien position on both the assets of
Cubic Asset, LLC and Cubic Louisiana, LLC.

Wells Fargo Energy Capital, Inc., the pre-existing senior lender
of the Company, is receiving $5,000,000 at closing to extinguish
the pre-existing Convertible Term Note originally issued by the
Company to WFEC in 2007.  Further, Cubic Louisiana, LLC and WFEC
are entering into a new credit facility arrangement in which the
balance under the pre-existing revolving note of $20,865,110 is
being transformed into a term note, with interest being charged at
the prime rate plus 2 percent and maturing in thirty six months;
and, for the development of the Cubic Louisiana, LLC, assets and
upon certain other conditions, WFEC has agreed to extend up to
$10,000,000, in the sole discretion of WFEC, in a revolving credit
line to Cubic Louisiana, LLC, with such revolving credit line
bearing interest at the prime rate plus 2 percent and maturing in
thirty-six months.  All of the assets of Cubic Louisiana, LLC, are
being pledged as collateral, and WFEC will have the first lien
position on the Cubic Louisiana, LLC assets.

Tauren is receiving 2,000 shares of Series B related to the sale
of Northwest Louisiana assets to Cubic Asset, LLC.  Wallen has
converted his pre-existing subordinate note due of $2,000,000,
plus $114,986 in accrued interest into 2,115 shares of Series B,
and another Wallen affiliate, Langtry Mineral & Development, LLC,
is converting its pre-existing Series A Convertible Preferred
Stock into 12,047 shares of Series B.

The Investors also have entered into a Voting Agreement with
Wallen, pursuant to which the parties to that agreement have
agreed to vote for the election of three Directors nominated by
the Investors and certain other matters.

Calvin Wallen III, commenting on the transactions and financing,
said, "These acquisitions immediately improve Cubic Energy's
financial structure by providing the Company with an improved
asset base and exposure to the potential of higher liquids
production in the future, and give management the opportunity to
provide steady growth in shareholder value.  The Company's board
of directors and management have worked diligently for over two
years to create this strategic diversity that focuses on growth in
the short-term and long-term.  With the help of our new financing
partners, WFEC and others, management has forged a strong
financial and operational relationship.  We appreciate the
patience and understanding on the part of our shareholders and
those that stood with the company through this time."

                         About Cubic Energy

Cubic Energy, Inc., headquartered in Dallas, Tex., is an
independent upstream energy company engaged in the development and
production of, and exploration for, crude oil and natural gas.
Its oil and gas assets and activities are concentrated in
Louisiana.

Philip Vogel & Co. PC, in Dallas, Texas, 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 experienced recurring net losses from operations and
has uncertainty regarding its ability to meet its loan obligations
which raise substantial doubt about its ability to continue as a
going concern.

For the nine months ended March 31, 2013, the Company incurred a
net loss of $4.39 million on $3.01 million of total revenues, as
compared with a net loss of $8.84 million on $5.99 million of
total revenues for the same period a year ago.  The Company's
balance sheet at March 31, 2013, showed $17.24 million in total
assets, $28.88 million in total liabilities, all current, and a
$11.63 million total stockholders' deficit.

                         Bankruptcy Warning

"Our debt to Wells Fargo, with a principal amount of $25,865,110,
is due on March 31, 2013, and the Wallen Note, with a principle
amount of $2,000,000, is due April 1, 2013, and both are
classified as current debt.  As of December 31, 2012, we had a
working capital deficit of $26,312,271.

Our ability to make scheduled payments of the principal of, to pay
interest on or to refinance our indebtedness depends on our
ability to obtain additional debt and/or equity financing, which
is subject to economic and financial factors beyond our control.
Our business will not generate cash flow from operations
sufficient to pay our obligations to Wells Fargo and under the
Wallen Note.  We may be required to adopt one or more
alternatives, such as selling assets, restructuring debt or
obtaining additional equity capital on terms that may be onerous
or highly dilutive.  Our ability to refinance our indebtedness
will depend on the capital markets and our financial condition in
the immediate future, as well as the value of our properties. We
may not be able to engage in any of these activities or engage in
these activities on desirable terms, which could result in a
default on our debt and have an adverse effect on the market price
of our common stock.

"We may not be able to secure additional funds to make the
required payments to Wells Fargo.  If we are not successful, Wells
Fargo may pursue all remedies available to it under the terms of
the Credit Facility including but not limited to foreclosure on
our assets or force the Company to seek protection under
applicable bankruptcy laws.  If either of those were to occur, our
shareholders might lose their entire investment," the Company said
in its quarterly report for the period ended Dec. 31, 2012.

"We will continue negotiating with Wells Fargo and Mr. Wallen to
either payoff or paydown these debts and extend their respective
maturity dates," the Company added.


CUI GLOBAL: Unit Buys Corporate Office for $5.1 Million
-------------------------------------------------------
CUI Global, Inc.'s wholly owned subsidiary, CUI Properties, LLC,
closed on the purchase of the Company's Tualatin, Oregon,
corporate office real estate located at 20050 SW 112th Avenue in
the Tualatin Franklin Business Park.  The purchase price for this
acquisition was $5,050,000.  The purchase was funded, in part, by
a promissory note payable to Wells Fargo Bank in the amount of
$3,693,750 plus interest at the rate of 2.0 percent above LIBOR,
payable over ten years.  It was secured by a deed of trust on the
purchased property which was executed by CUI Properties, LLC and
guaranteed by CUI Global, Inc.  In conjunction with the purchase,
the parties to this transaction entered into a Swap Transaction
Confirmation agreement effective Oct. 1, 2013, incorporating the
terms and definitions of the International Swaps and Derivatives
Association, Inc. (ISDA) that effectively maximizes the annual
interest rate at 6.27 percent.

Subsequent to the May 2008 CUI asset acquisition, CUI Global,
Inc., leased the Tualatin corporate office property.  The purchase
of this real estate not only reduces corporate office expenses,
but will create an investment in the real estate property utilized
by the company.

On Sept. 27, 2013, the Company's wholly owned subsidiary, CUI,
Inc., closed on a two year revolving Line of Credit (LOC) with
Wells Fargo Bank in the principal amount of four million dollars,
($4,000,000).  The interest rate on any outstanding balance is
1.75 percent above either the daily one month LIBOR or the LIBOR
in effect on the first day of the applicable fixed rate term.  The
LOC is secured through a security agreement on accounts receivable
and equipment, as well as other miscellaneous personal property
assets. CUI Global, Inc., the parent company, is a payment
guarantor of the LOC.

This revolving LOC effectively satisfies in full and terminates
the earlier LOC with Wells Fargo Bank.

                          About CUI Global

Tualatin, Ore.-based CUI Global, Inc., formerly known as Waytronx,
Inc., is a platform company dedicated to maximizing shareholder
value through the acquisition, development and commercialization
of new, innovative technologies.

CUI Global reported a net loss allocable to common stockholders of
$48,763 in 2011, compared with a net loss allocable to common
stockholders of $7.01 million in 2010.  The Company's balance
sheet at June 30, 2013, showed $89.90 million in total assets,
$19.95 million in total liabilities and $69.95 million in total
stockholders' equity.

As reported by the TCR on April 8, 2011, Webb & Company, in
Boynton Beach, Florida, expressed substantial doubt about CUI
Global's ability to continue as a going concern.  The independent
auditors noted that the Company has a net loss of $7,015,896, a
working capital deficiency of $675,936 and an accumulated deficit
of $73,596,738 at Dec. 31, 2010.  Webb & Company did not include a
"going cocern qualification" in its report on the Company's 2011
financial results.

DEVONSHIRE PGA: Files Ch. 11 Plan & Disclosure Statement
--------------------------------------------------------
Devonshire PGA Holdings, LLC, et al., filed with the U.S.
Bankruptcy Court for the District of Delaware their Joint Chapter
11 plan of reorganization and accompanying disclosure statement.

The Plan, while prepared jointly, constitutes four separate plans
for each Debtor entity.  The Plan is a pre-negotiated plan, which
means the terms of the Plan were negotiated before the Debtors
sought bankruptcy protection.  The Plan is the result of
negotiations by and among the Debtors, their secured lenders, ELP
West Palm, LLC, and HJSI Devonshire II, LLC.

Under the Plan, ownership and control of the Debtors will be
transferred to ELP.  The Plan provides for the payment and full
satisfaction of all Allowed Claims, including Allowed
Administrative, Priority Tax, Other Priority and General Unsecured
Claims.  The Plan also provides that the Holder of the Allowed
HJSI-II, LLC Secured Claim, in partial satisfaction and discharge
of and in exchange for the Allowed HJSI-II, LLC Secured Claim,
will receive a payment in the aggregate total amount of
$3,000,000.  Further, the Holder of Allowed ELP Secured Claims, in
partial satisfaction of and in exchange for the Allowed Claims and
the Mezz Payment, will receive 100% of the Interests in
Reorganized Holdings.

HJSI-II, LLC and ELP, as the only creditors entitled to vote on
the Plan, and they intend to vote in favor of acceptance of the
Plan.

The Debtors have asked the Bankruptcy Court for permission to
begin solicitation of votes on the Plan and schedule a combined
hearing on the approval of the Disclosure Statement and
confirmation of the Plan on or about Nov. 4, 2013.  The Debtors
also asked that the voting and objection deadline be set for
Oct. 22.  A hearing to consider approval of the proposed
confirmation dates will be held on Oct. 16, at 11:00 a.m. (ET).
Any objections to the proposed dates must be submitted on or
before Oct. 9.

A full-text copy of the Plan, dated Sept. 19, 2013, is available
for free at http://bankrupt.com/misc/DEVONSHIREplan0919.pdf

A full-text copy of the Disclosure Statement is available for free
at http://bankrupt.com/misc/DEVONSHIREds0919.pdf

The Debtors are represented by M. Blake Cleary, Esq., at Young
Conaway Stargatt & Taylor, LLP, in Wilmington, Delaware.

The Secured Lender is represented by R. Craig Martin, Esq. --
craig.martin@dlapiper.com -- at DLA Piper LLP (US), in Wilmington,
Delaware; and Thomas R. Califano, Esq. --
thomas.califano@dlapiper.com -- and Gabriella L. Zborovsky, Esq. -
- gabriella.zborovsky@dlapiper.com -- at DLA Piper LLP (US), in
New York.

                   About Devonshire PGA Holdings

Operators of assisted living facilities, led by Devonshire PGA
Holdings LLC, sought Chapter 11 bankruptcy in U.S. Bankruptcy
Court in Wilmington, Delaware on Sept. 19, 2013.

Chatsworth PGA Properties (Bankr. D. Del. Case No. 13-12457)
has estimated liabilities of between $100 million and $500
million, and assets of up to $10 million.  Chatsworth PGA
Properties provides assisted living services for the elderly.  It
also offers nursing and dementia care.

Devonshire PGA Holdings LLC (Case No. 13-12460), the owner of an
assisted-living facility in Florida, and based in Palm Beach
Gardens, estimated under $50,000 in assets and up to $50 million
in debts.  Another entity, Devonshire at PGA National LLC,
estimated more than $100 million in both assets and debt.


DEVONSHIRE PGA: Seeks to Assume Plan Support Agreement
------------------------------------------------------
Devonshire PGA Holdings, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to assume the
restructuring, lockup, and plan support agreement, dated Sept. 17,
2013, entered into with ELP West Palm, LLC, as senior lender.

The Debtors' counsel, M. Blake Cleary, Esq., at Young Conaway
Stargatt & Taylor, LLP, in Wilmington, Delaware, states, "The RSA
is the lynchpin of the Debtors' consensual restructuring.  The RSA
is the result of negotiations between the Debtors and the only
parties entitled to vote on the Joint Chapter 11 Plan of
Reorganization of Devonshire PGA Holdings, LLC and its
Subsidiaries, ELP, the senior creditor of the Operating Debtors
and HJSI Devonshire II, LLC, the holder of the secured claim
against Holdings and the sole member of Holdings as a result of a
foreclosure sale on September 12, 2013.  The RSA serves as the
roadmap for the Debtors' efficient, expeditious, and successful
emergence from chapter 11.  The RSA has been made possible by the
Debtors' and their primary stakeholders' collective realization
that the company is in need of a comprehensive restructuring and a
chapter 11 without a consensual deal risks erosion of the value of
the estates."

Pursuant to the Plan, which incorporates the terms of the RSA, the
only classes entitled to vote thereon are ELP and HJSI-II.  All of
each Debtors' other valid creditors will be paid in full.

According to Mr. Cleary, both the Debtors and their secured
lenders feared that a free-fall into bankruptcy would disrupt the
expectations of the Debtors' residents and hamper the prospects
for a successful reorganization.  Instead, the Parties negotiated
the RSA because it maximizes the opportunity to capture the value
of the Debtors' business with minimal disruption to the Debtors'
residents and creditors, Mr. Cleary tells the Court.  The
collective goal of the Parties is that the Debtors can effectuate
a financial restructuring with virtually no impact on day-to-day
operations.

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

           http://bankrupt.com/misc/DEVONSHIRErsa0917.pdf

A hearing on the Debtors' request will be held on Oct. 16, 2013,
at 11:00 a.m.  Objections are due Oct. 9.

                   About Devonshire PGA Holdings

Operators of assisted living facilities, led by Devonshire PGA
Holdings LLC, sought Chapter 11 bankruptcy in U.S. Bankruptcy
Court in Wilmington, Delaware on Sept. 19, 2013.

Chatsworth PGA Properties (Bankr. D. Del. Case No. 13-12457)
has estimated liabilities of between $100 million and $500
million, and assets of up to $10 million.  Chatsworth PGA
Properties provides assisted living services for the elderly.  It
also offers nursing and dementia care.

Devonshire PGA Holdings LLC (Case No. 13-12460), the owner of an
assisted-living facility in Florida, and based in Palm Beach
Gardens, estimated under $50,000 in assets and up to $50 million
in debts.  Another entity, Devonshire at PGA National LLC,
estimated more than $100 million in both assets and debt.


DEVONSHIRE PGA: Final Cash Collateral Hearing Set for Oct. 16
-------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware gave interim authority for Devonshire PGA
Holdings, LLC, et al., to use cash collateral securing their
prepetition indebtedness and scheduled an Oct. 16, 2013, hearing
at 11:00 a.m. (ET) to consider final approval of the request.
Objections to the entry of a final order approving the Cash
Collateral Motion must be filed on or before Oct. 9.

The Administrative Agent and Secured Lender are entitled to
adequate protection of their interest in the Cash Collateral.  The
following adequate protection will be provided: (a) senior
priority replacement liens upon all assets and property of the
Debtors, excluding all claims and causes of action, and the
products and proceeds thereof, arising under or permitted by
Sections 502(d), 506(c), 544, 545, 547, 548, 549 and 550 of the
Bankruptcy Code; (b) all security interests, liens, and rights of
setoff existing in favor of the Administrative Agent and Secured
Lender on the Petition Date; and (c) an administrative claim with
a priority equivalent to a claim under Sections 364(c)(1), 503(b)
and 507(b).

The Replacement Liens and Super-Priority Administrative Claim
granted will be junior and subordinate to the following fees and
expenses: (a) all accrued but unpaid fees and expenses of
professionals incurred prior to the delivery of a Termination
Notice; (b) Professional Fees and Expenses in the amount of
$100,000 incurred after delivery of a Termination Notice; and (c)
the payment of fees pursuant to 28 U.S.C. Sec. 1930.

The Debtors are represented by M. Blake Cleary, Esq., Sean M.
Beach, Esq., Robert F. Poppiti, Jr., Esq., and Justin P. Duda,
Esq., at YOUNG CONAWAY STARGATT & TAYLOR, LLP, in Wilmington,
Delaware.

                   About Devonshire PGA Holdings

Operators of assisted living facilities, led by Devonshire PGA
Holdings LLC, sought Chapter 11 bankruptcy in U.S. Bankruptcy
Court in Wilmington, Delaware on Sept. 19, 2013.

Chatsworth PGA Properties (Bankr. D. Del. Case No. 13-12457)
has estimated liabilities of between $100 million and $500
million, and assets of up to $10 million.  Chatsworth PGA
Properties provides assisted living services for the elderly.  It
also offers nursing and dementia care.

Devonshire PGA Holdings LLC (Case No. 13-12460), the owner of an
assisted-living facility in Florida, and based in Palm Beach
Gardens, estimated under $50,000 in assets and up to $50 million
in debts.  Another entity, Devonshire at PGA National LLC,
estimated more than $100 million in both assets and debt.


DEVONSHIRE PGA: Seeks to Self-Report in Lieu of PCO Appointment
---------------------------------------------------------------
Devonshire PGA Holdings, LLC, et al., seek permission from the
U.S. Bankruptcy Court for the District of Delaware to self-report
in lieu of the appointment of a patient care ombudsman pursuant to
Section 333 of the Bankruptcy Code.

To the extent that any of the Debtors' businesses are deemed to be
"health care businesses," Section 333 provides the Court with the
discretion not to appoint a patient care ombudsman if "such
ombudsman is not necessary for the protection of patients under
the specific facts of the case."

M. Blake Cleary, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware, asserts that, given the facts of the
Debtors' cases, the appointment of a patient care ombudsman is not
necessary for the protection of patients.  As an initial matter,
the Debtors' businesses are not traditional healthcare businesses,
as only a small portion of their activities relate to the actual
provision of health care services and those activities are
conducted solely through Debtor Chatsworth National.  The Debtors,
according to Mr. Cleary, are an independent organization and the
licensed operator of a continuing care retirement community.  In
addition, the residents at the CCRC that could be considered
patients are adequately protected because several entities and
programs, including the Florida Office of Insurance Regulation and
the Florida Agency for Health Care Administration, already provide
significant oversight of the health and well-being of the
patients, Mr. Cleary further asserts.

In addition, the Debtors seek to confirm these cases on an
expedited basis.  They have filed a proposed plan and disclosure
statement which has been agreed to by their sole impaired
creditor.  Mr. Cleary says the Debtors are willing to agree to
self-report the information necessary to assess the state of
patient care to the Court, the Office of the United States Trustee
for the District of Delaware, and the applicable state regulators.

A hearing on the Debtors' request will be on Oct. 16, 2013, at
11:00 a.m. (ET).  Objections are due Oct. 9.

The Debtors are also represented by Sean M. Beach, Esq., Robert F.
Poppiti, Jr., Esq., and Justin P. Duda, Esq., at YOUNG CONAWAY
STARGATT & TAYLOR, LLP, in Wilmington, Delaware.

                   About Devonshire PGA Holdings

Operators of assisted living facilities, led by Devonshire PGA
Holdings LLC, sought Chapter 11 bankruptcy in U.S. Bankruptcy
Court in Wilmington, Delaware on Sept. 19, 2013.

Chatsworth PGA Properties (Bankr. D. Del. Case No. 13-12457)
has estimated liabilities of between $100 million and $500
million, and assets of up to $10 million.  Chatsworth PGA
Properties provides assisted living services for the elderly.  It
also offers nursing and dementia care.

Devonshire PGA Holdings LLC (Case No. 13-12460), the owner of an
assisted-living facility in Florida, and based in Palm Beach
Gardens, estimated under $50,000 in assets and up to $50 million
in debts.  Another entity, Devonshire at PGA National LLC,
estimated more than $100 million in both assets and debt.


DEVONSHIRE PGA: Taps Epiq as Claims & Noticing Agent
----------------------------------------------------
Devonshire PGA Holdings, LLC, et al., sought and obtained
authority from the U.S. Bankruptcy Court for the District of
Delaware to appoint Epiq Bankruptcy Solutions, LLC, as claims and
noticing agent.

The firm will be paid the following hourly rates:

   Clerical/Admin. Support                   $35-$50
   Case Manager                              $60-$95
   IT/Programming                            $80-$150
   Senior Case Manager                      $100-$160
   Director of Case Management              $175-$225
   Consultant/Sr. Consultant                $160-$195
   Director/Vice-President Consulting            $250
   Communications Counselor                      $295
   Executive Vice President                      $325

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

Kathryn Mailloux, director of consulting of Epiq Bankruptcy
Solutions, LLC, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code and does not represent any interest adverse
to the Debtors and their estates.  Prior to the Petition Date, the
Debtors provided Epiq a retainer in the amount of $10,000.  Epiq
seeks to first apply the Retainer to all prepetition invoices, and
to retain any unapplied portion of as a retainer throughout the
pendency of the cases.

                   About Devonshire PGA Holdings

Operators of assisted living facilities, led by Devonshire PGA
Holdings LLC, sought Chapter 11 bankruptcy in U.S. Bankruptcy
Court in Wilmington, Delaware on Sept. 19, 2013.

Chatsworth PGA Properties (Bankr. D. Del. Case No. 13-12457)
has estimated liabilities of between $100 million and $500
million, and assets of up to $10 million.  Chatsworth PGA
Properties provides assisted living services for the elderly.  It
also offers nursing and dementia care.

Devonshire PGA Holdings LLC (Case No. 13-12460), the owner of an
assisted-living facility in Florida, and based in Palm Beach
Gardens, estimated under $50,000 in assets and up to $50 million
in debts.  Another entity, Devonshire at PGA National LLC,
estimated more than $100 million in both assets and debt.


DEVONSHIRE PGA: Seeks to Reject SHP Management Contracts
--------------------------------------------------------
Devonshire PGA Holdings, LLC, et al., seek authority from U.S.
Bankruptcy Court for the District of Delaware to reject two
management agreements between (i) Chatsworth National and SHP
Health Care Services, LLC, and (ii) Devonshire and SHP Senior
Living Services, LLC, and a related Staffing Agreement, as the new
owner, ELP West Palm, LLC, has identified a replacement manager
for the Debtors.  Accordingly, the Debtors have no use of the
management contracts and staffing agreement.

                   About Devonshire PGA Holdings

Operators of assisted living facilities, led by Devonshire PGA
Holdings LLC, sought Chapter 11 bankruptcy in U.S. Bankruptcy
Court in Wilmington, Delaware on Sept. 19, 2013.

Chatsworth PGA Properties (Bankr. D. Del. Case No. 13-12457)
has estimated liabilities of between $100 million and $500
million, and assets of up to $10 million.  Chatsworth PGA
Properties provides assisted living services for the elderly.  It
also offers nursing and dementia care.

Devonshire PGA Holdings LLC (Case No. 13-12460), the owner of an
assisted-living facility in Florida, and based in Palm Beach
Gardens, estimated under $50,000 in assets and up to $50 million
in debts.  Another entity, Devonshire at PGA National LLC,
estimated more than $100 million in both assets and debt.


DEVONSHIRE PGA: Needs to Pay $11,796 to Credit Card Provider
------------------------------------------------------------
Devonshire PGA Holdings, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to pay obligations
owing to FIA Card Services, N.A., in connection with Devonshire
and Chatsworth National's corporate credit card agreements.  As of
the Petition Date, there is approximately $11,796 in prepetition
charges outstanding and owed to FIA.

Access to the cards allows the cardholders to effectively and
promptly execute their job functions without the need to incur
corporate expenses at their own account, and in most instances,
incurring corporate expenses individually would work a significant
hardship on the employees using the cards.  Accordingly, the
Credit Card Agreements are essential to the Debtors' business.

The Debtors have been advised by FIA that unless arrangements are
immediately made to satisfy the Prepetition Claim, FIA will
terminate the Credit Card Agreements.  For this reason, the
Debtors assert that there exists a critical need for approval of
their request.

A hearing on the request will be on Oct. 16, 2013, at 11:00 a.m.
(ET).  Objections are due Oct. 9.

                   About Devonshire PGA Holdings

Operators of assisted living facilities, led by Devonshire PGA
Holdings LLC, sought Chapter 11 bankruptcy in U.S. Bankruptcy
Court in Wilmington, Delaware on Sept. 19, 2013.

Chatsworth PGA Properties (Bankr. D. Del. Case No. 13-12457)
has estimated liabilities of between $100 million and $500
million, and assets of up to $10 million.  Chatsworth PGA
Properties provides assisted living services for the elderly.  It
also offers nursing and dementia care.

Devonshire PGA Holdings LLC (Case No. 13-12460), the owner of an
assisted-living facility in Florida, and based in Palm Beach
Gardens, estimated under $50,000 in assets and up to $50 million
in debts.  Another entity, Devonshire at PGA National LLC,
estimated more than $100 million in both assets and debt.


DREIER LLP: Chapter 11 Trustee Hires RCT as Special Counsel
-----------------------------------------------------------
Sheila M. Gowan, the Chapter 11 trustee of Dreier LLP, seeks
permission from the Hon. Stuart M. Bernstein of the U.S.
Bankruptcy Court for the Southern District of New York to employ
Reid Collins & Tsai LLP as special counsel, nunc pro tunc to
Sept. 19, 2013.

Through partner Mr. J. Benjamin King, RCT will participate in the
continued litigation of the Westford/Amaranth actions.  Mr. King
represented the Trustee in the Westford/Amaranth actions since
their inception, and the Trustee believes that it is in the best
interests of the Dreier LLP estate that Mr. King continues to
serve litigation counsel with respect to the Westford/Amaranth
matters.  The scope of the representation will not include any
other matters relating to the Chapter 11 estate.

RCT will be compensated on an hourly basis for its work on the
Westford/Amaranth actions.  Mr. King's rate will be $500 per hour,
below his normal rate of $675 per hour for those matters he
handles in New York City.  RCT associates' rates normally range
from $325 to $575 per hour for New York matters, but RCT has
agreed to cap its rates at $425 per hour for its work on the
Westford/Amaranth Actions.

To the extent that, at the election of the Trustee, William T.
Reid, IV, a senior partner and trial attorney at RCT, works on the
Westford/Amaranth Actions, his normal rate of $895 per hour for
New York matters will be discounted to $650 per hour.  No RCT
attorney other than Mr. King will work on the Westford/Amaranth
actions without the Trustee's prior approval.

Any expenses that RCT incurs in traveling to or from New York City
will be borne by RCT, except for travel expenses incurred at trial
of either matter and then only if the Trustee recovers $5,000,000
beyond the amount of principal that the defendants to the
Westford/Amaranth Actions invested in Marc Dreier's Ponzi scheme,
plus prejudgment interest.

RCT will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Mr. King assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code and does not represent any interest adverse to the
Debtors and their estates.

RCT can be reached at:

       J. Benjamin King, Esq.
       REID COLLINS & TSAI LLP
       1601 Elm Street, 49th Floor
       Dallas, TX 75201
       Tel: (214) 420-8902
       E-mail: bking@rctlegal.com

             About Marc Dreier and Dreier LLP

Marc Dreier founded New York-based law firm Dreier LLP --
http://www.dreierllp.com/-- in 1996.  On Dec. 8, 2008, the U.S.
Securities and Exchange Commission filed a suit, alleging that Mr.
Dreier made fraudulent offers and sales of securities in several
cities, selling fake promissory notes to hedge and other private
investment funds.  The SEC asserted that Mr. Dreier also
distributed phony financial statements and audit opinions, and
recruited accomplices in connection with that scheme.  Mr. Dreier,
currently in prison, was charged by the U.S. government for
conspiracy, securities fraud and wire fraud (S.D.N.Y. Case No. 09-
cr-00085).

Dreier LLP sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
08-15051) on Dec. 16, 2008.  Stephen J. Shimshak, Esq., at Paul,
Weiss, Rifkind, Wharton & Garrison LLP, was tapped as counsel.
The Debtor estimated assets of $100 million to $500 million, and
debts between $10 million and $50 million in its Chapter 11
petition.

Sheila M. Gowan, a partner with Diamond McCarthy, was appointed
Chapter 11 trustee for the Dreier law firm.  Ms. Gowan is
represented by Jason Porter, Esq., at Diamond McCarthy LLP.

Wachovia Bank National Association, the Dreier LLP Chapter 11
trustee, and Steven J. Reisman as post-confirmation representative
of the bankruptcy estate of 360networks (USA) Inc. signed a
petition that put Mr. Dreier into bankruptcy under Chapter 7 on
Jan. 26, 2009 (Bankr. S.D.N.Y. Case No. 09-10371).  Mr. Dreier,
60, pleaded guilty to fraud and other charges in May 2009.  The
scheme to sell $700 million in fake notes unraveled in late 2008.
Mr. Dreier is serving a 20-year sentence in a federal prison in
Minneapolis.


DRYSHIPS INC: Enters Into Equity Offering Sales Agreement
---------------------------------------------------------
DryShips Inc., a global provider of marine transportation services
for drybulk and petroleum cargoes and through its majority owned
subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling
services, on Oct. 4 disclosed that it has entered into an Equity
Offering Sales Agreement, dated October 4, 2013, with Evercore
Group L.L.C., or Evercore, for the offer and sale of up to $200.0
million of common shares of Dryships Inc.

In accordance with the terms of the sales agreement, the Company
may offer and sell its common shares at any time and from time to
time through Evercore as its sales agent.  Sales of the common
shares, if any, will be made by means of ordinary brokers'
transactions on The Nasdaq Global Select Market or otherwise at
market prices prevailing at the time of sale, at prices related to
the prevailing market prices, or at negotiated prices.

George Economou, Chairman and Chief Executive Officer of the
Company, commented:

"Drybulk shipping rates and ship values have increased recently
and we believe this trend will continue particularly in the larger
asset classes.  Given the improved market backdrop, we believe
this is an opportune time to flexibly access the equity capital
markets to reduce some or all of our funding needs through 2014
that we currently estimate at $150 million.  In addition, we are
nearing agreements with certain banking syndicates to reduce our
debt service payments over the next year and adjust certain
financial covenants.  Finally, we are pleased to report that Ocean
Rig continues to improve its level of performance.  Preliminary
data for the third quarter of 2013 indicates that the Ocean Rig
fleet operated at a 98.5% operating efficiency on available for
drilling days, which is a record for Ocean Rig."

                        About DryShips Inc.

Headquartered in Athens, Greece, DryShips Inc. (NASDAQ: DRYS) is
an owner of drybulk carriers and tankers that operate worldwide.
Through its majority owned subsidiary, Ocean Rig UDW Inc.,
DryShips owns and operates 10 offshore ultra deepwater drilling
units, comprising of 2 ultra deepwater semisubmersible drilling
rigs and 8 ultra deepwater drillships, 3 of which remain to be
delivered to Ocean Rig during 2013 and 1 is scheduled for
delivery during 2015.  DryShips owns a fleet of 46 drybulk
carriers (including newbuildings), comprising of 12 Capesize, 28
Panamax, 2 Supramax and 4 Very Large Ore Carriers (VLOC) with a
combined deadweight tonnage of about 5.1 million tons, and 10
tankers, comprising 4 Suezmax and 6 Aframax, with a combined
deadweight tonnage of over 1.3 million tons.

The Company reported a net loss of US$288.6 million on
US$1.210 billion of revenues in 2012, compared with a net loss of
US$47.3 million on US$1.078 billion of revenues in 2011.

The Company's balance sheet at Dec. 31, 2012, showed
US$8.878 billion in total assets, US$5.010 billion in total
liabilities, and shareholders' equity of US$3.868 billion.

                       Going Concern Doubt

Ernst & Young (Hellas), in Athens, Greece, expressed substantial
doubt about DryShips Inc.'s ability to continue as a going
concern, citing the Company's working capital deficit of
US$670 million at Dec. 31, 2012, and in addition, the non-
compliance by the shipping segment with certain covenants of its
loan agreements with banks.

As of Dec. 31, 2012, the shipping segment was not in compliance
with certain loan-to-value ratios contained in certain of its
loan agreements.  In addition, as of Dec. 31, 2012, the shipping
segment was in breach of certain financial covenants, mainly the
interest coverage ratio, contained in the Company's loan
agreements relating to US$769,098,000 of the Company's debt.  As
a result of this non-compliance and of the cross default
provisions contained in all bank loan agreements of the shipping
segment and in accordance with guidance related to the
classification of obligations that are callable by the creditor,
the Company has classified all of its shipping segment's bank
loans in breach amounting to US$941,339,000 as current at
Dec. 31, 2012.


ECOTALITY INC: Wants Key Employee Incentive Program Approved
------------------------------------------------------------
Electric Transportation Engineering Corporation, doing business as
Ecotality North America, and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Arizona to approve a key
employee retention and incentive program.

Charles R. Gibbs, Esq., and David P. Simonds, Esq., at Akin Gump
Strauss Hauer & Feld LLP, on behalf of the Debtors, tell the Court
that the total amount of payments under the program will not
exceed $91,075, in the aggregate, to the management participants
and $137,628, in the aggregate, to the rank and file participants.

All payments made by the Debtors under the incentive and retention
plan will be allowed administrative expenses of the Debtors'
estates pursuant to Bankruptcy Code Section 503(b).

A copy of the terms of the incentive program is available for free
at http://bankrupt.com/misc/ECOTALITYINC_keyemployee.pdf

                        About Ecotality Inc.

Headquartered in San Francisco, California, Ecotality, Inc.
(Nasdaq: ECTY) -- http://www.ecotality.com-- is a provider of
electric transportation and storage technologies.

Ecotality Inc. along with affiliates including lead debtor
Electric Transportation Engineering Corp. sought Chapter 11
protection (Bankr. D. Ariz. Lead Case No. 13-16126) on Sept. 16,
2013, with plans to sell the business at an auction the following
month.

The cases are assigned to Chief Judge Randolph J. Haines.  The
Debtors' lead counsel are Charles R. Gibbs, Esq., at Akin Gump
Strauss Hauer & Feld LLP, in Dallas, Texas; and David P. Simonds,
Esq., and Arun Kurichety, Esq., at Akin Gump Strauss Hauer & Feld
LLP, in Los Angeles, California.  The Debtors' local counsel is
Jared G. Parker, Esq., at Parker Schwartz, PLLC, in Phoenix,
Arizona.  The Debtors' claims & noticing agent is Kurtzman Carson
Consultants LLC.

Electric Transportation estimated assets of $10 million to $50
million and debt of $100 million to $500 million.  Unlike most
companies in bankruptcy, Ecotality has no secured debt.  It simply
ran out of money.  There's $5 million owing on convertible notes,
plus liability on leases.  Part of pre-bankruptcy financing took
the form of a $100 million cost-sharing grant from the U.S. Energy
Department.  In view of the San Francisco-based company's
financial problems, the government cut off the grant when $84.8
million had been drawn.

On Sept. 24, 2013, the Office of the United States Trustee for
Region 14 appointed a committee of unsecured creditors.


ECOTALITY INC: Taps FTI as Crisis Manager and Financial Advisor
---------------------------------------------------------------
Electric Transportation Engineering Corporation (dba Ecotality
North America) and its debtor-affiliates seek authorization from
the U.S. Bankruptcy Court for the District of Arizona to employ
FTI Consulting, Inc. as crisis manager and financial advisor, nunc
pro tunc to Sept. 16, 2013.

The Debtors require FTI Consulting to provide:

   A.  Crisis Management Services:

       -- assist the Debtors with locating sources of financing,
          post petition or exit financing, as necessary, and
          review and evaluate any such financing proposals;

       -- coordinate efforts to facilitate the Debtors'
          restructuring and sale efforts;

       -- advise and assist management efforts to identify and
          implement both short-term and long-term liquidity
          generation and profit improvement in an effort to
          improve the ongoing viability and valuation of the
          Debtors;

       -- assist the Debtors with the development of communication
          programs for employees, vendors, customers, lenders and
          other stakeholders;

       -- with counsel, lead negotiations with secured lenders,
          governmental agencies, contract counterparties, and
          other parties, as appropriate, to facilitate
          restructuring and sale efforts;

       -- assist the Debtors with preparation of schedules of
          assets and liabilities, statement of financial affairs,
          monthly operating reports, and all other reports to be
          prepared in connection with any bankruptcy filing by the
          Debtors.

   B.  Financial Advisory Services:

       -- assist in the preparation of materials, including
          business, financial information, and descriptive
          memoranda, to be provided to potentially interested
          parties to a transaction, and contacting such Parties;

       -- assist the Debtors in establishing criteria to identify
          interested parties, identifying, screening and assessing
          the merits of parties, and evaluating any proposals
          received regarding a potential Transaction;
       -- assist the Debtors on negotiations in connection with
          any proposals received;

       -- direct and coordinate the due diligence process;

       -- provide timely reporting to the Debtors on the status
          and progress of all of the above; and

       -- assist the Debtors and its advisors on each potential
          transaction through closing.

The Debtors will pay FTI Consulting based on this fee and expense
structure:

   (a) for the crisis management services, a $75,000 monthly,
       nonrefundable advisory fee for the services of David J.
       Woodward;

   (b) for crisis management services rendered by other FTI
       professionals, hourly rates in effect when services are
       rendered, which standard hourly rates anticipated to be
       assigned to these cases are:

          Senior Managing Directors         $780-895
          Directors/Managing Directors      $560-745
          Consultants/Senior Consultants    $280-530
          Administrative/Paraprofessionals  $115-230

   (c) for the financial advisory services, a monthly,
       non-refundable fee of $100,000 for the first month and
       $50,000 per month, thereafter;

   (d) for each and every transaction completed by FTI, a cash fee
       at each closing equal to 1.5 percent of the aggregate value
       of each transaction, subject to a minimum aggregate fee of
       $500,000, with any monthly, non-refundable fees paid for
       the financial advisory services credited against any
       transaction fee; and

   (e) if at any time during a period of eighteen months
       following the effective date of termination of the
       engagement letter, the Debtors complete one or
       more transactions and the transaction involve a party
       identified during the term, a 1.5 percent of the aggregate
       value of each transaction, subject to a minimum aggregate
       fee of $300,000

Prior to Sept. 16, 2013 petition, and pursuant to the prior
engagement letter, the Debtors paid FTI Consulting a total of
$245,000 which funds were then continued to be held "on account"
to be applied to FTI's professional fees, charges and
disbursements for the services under the engagement letter.

FTI Consulting will also be reimbursed for reasonable out-of-
pocket expenses incurred.

David J. Woodward, senior managing director of FTI Consulting,
Inc., assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtors and
their estates.

FTI Consulting can be reached at:

       David J. Woodward
       FTI CONSULTING, INC.
       888 W. Big Beaver Road, Suite 350
       Troy, MI 48084
       Tel: +1 248 764 1405
       Fax: +1 248 764 1495
       E-mail: david.woodward@fticonsulting.com

                  About Ecotality Inc.

Headquartered in San Francisco, California, Ecotality, Inc.
(Nasdaq: ECTY) -- http://www.ecotality.com-- is a provider of
electric transportation and storage technologies.

Ecotality Inc. along with affiliates including lead debtor
Electric Transportation Engineering Corp. sought Chapter 11
protection (Bankr. D. Ariz. Lead Case No. 13-16126) on Sept. 16,
2013, with plans to sell the business at an auction the following
month.

The cases are assigned to Chief Judge Randolph J. Haines.  The
Debtors' lead counsel are Charles R. Gibbs, Esq., at Akin Gump
Strauss Hauer & Feld LLP, in Dallas, Texas; and David P. Simonds,
Esq., and Arun Kurichety, Esq., at Akin Gump Strauss Hauer & Feld
LLP, in Los Angeles, California.  The Debtors' local counsel is
Jared G. Parker, Esq., at Parker Schwartz, PLLC, in Phoenix,
Arizona.  The Debtors' claims & noticing agent is Kurtzman Carson
Consultants LLC.

Electric Transportation estimated assets of $10 million to $50
million and debt of $100 million to $500 million.  Unlike most
companies in bankruptcy, Ecotality has no secured debt.  It simply
ran out of money.  There's $5 million owing on convertible notes,
plus liability on leases.  Part of pre-bankruptcy financing took
the form of a $100 million cost-sharing grant from the U.S. Energy
Department.  In view of the San Francisco-based company's
financial problems, the government cut off the grant when $84.8
million had been drawn.


ELBIT IMAGING: Majority of Noteholders OK Plan of Arrangement
-------------------------------------------------------------
Elbit Imaging Ltd. announced the voting results of the meetings of
the Company's noteholders (Series A-G and Series 1) that took
place on Sept. 30, 2013.  At those meetings, noteholders holding
approximately 91 percent of the aggregate voting power
participating in the meetings, voted in favor of instructing the
trustees which represent noteholders of more than 99 percent of
the total outstanding obligations under the notes, not to object
to Elbit Imaging's motion to approve the arrangement of its
unsecured financial debt as adjusted.

                        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.

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.

As of June 30, 2013, the Company had NIS5.80 billion in total
assets, NIS5.19 billion in total liabilities and NIS613.57 million
in shareholders' equity.


ELBIT IMAGING: Zvi Tropp Reelected as Director
----------------------------------------------
Elbit Imaging Ltd. announced the results of the general meeting of
its shareholders held Sept. 30, 2013, in Bnei-Brak, Israel.  At
the meeting, Proposal No. 2 as set forth in EI's proxy statement
dated Aug. 26, 2013, namely, the reelection of Mr. Zvi Tropp as
one of the Company's external directors, whose previous term has
recently expired, was duly approved.

It is noted, further, that all the other items on the agenda of
the meeting were withdrawn and were not tabled to the vote.
Accordingly, the general meeting was classified as an
Extraordinary General Meeting of Shareholders for the sole purpose
of reelecting Mr. Zvi Tropp as aforesaid, and not as an Annual
General Meeting.  Items No. 1, 3 and 4 were removed from the
agenda as those items contradicted the motion to approve the plan
of arrangement with the holders of the Company's unsecured
financial debt, as adjusted in accordance with the agreements
reached between the Company and certain major noteholders,
trustees and noteholders' representatives, that was filed with the
Tel-Aviv District Court on Sept. 18, 2013, inter alia, with
respect to the nomination of new directors promptly following the
consummation of the arrangement.

                        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.

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.

As of June 30, 2013, the Company had NIS5.80 billion in total
assets, NIS5.19 billion in total liabilities and NIS613.57 million
in shareholders' equity.


EXIDE TECHNOLOGIES: Wants Until May 31 to File Chapter 11 Plan
--------------------------------------------------------------
Exide Technologies asks the U.S. Bankruptcy Court for the District
of Delaware to extend its exclusive periods to file a Chapter 11
case until May 31, 2014, and solicit acceptances for that Plan
until July 24, 2014.

According to the Debtor, it is formulating a business plan that
will form the basis of a Chapter 11 plan.  The extension requested
will provide the Debtor and its advisors the opportunity to fully
develop the business plan and explore strategic alternatives
within the timeframe negotiated in connection with the DIP
financing.

The Court will consider the Debtor's request at an Oct. 16, 2013,
hearing at 1 p.m.  Objections, if any, are due Oct. 9, at 4 p.m.

                      About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002 and exited bankruptcy two years after.
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP represented the Debtors in their successful
restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang
Ziehl & Jones LLP as counsel; Alvarez & Marsal as financial
advisor; Sitrick and Company Inc. as public relations consultant
and GCG as claims agent.

The Debtor disclosed $1.89 billion in assets and $1.14 billion in
liabilities as of March 31, 2013.

Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co counsel.  Zolfo Cooper, LLC serves as its bankruptcy
consultants and financial advisors.


EXIDE TECHNOLOGIES: Oct. 16 Hearing on Lease Decision Extension
---------------------------------------------------------------
Exide Technologies asks the U.S. Bankruptcy Court for the District
of Delaware to extend until Jan. 6, 2014, its time to assume or
reject unexpired leases of nonresidential real property, including
subleases or other agreements to which the Debtor is a party that
may be considered an unexpired lease of nonresidential real
property.

The Court will consider the Debtor's request at an Oct. 16, 2013,
hearing at 1 p.m.  Objections, if any, are due Oct. 9, at 4 p.m.

Absent the extension, the period for assuming or rejecting the
leases expires on Oct. 8, 2013.  The Debtor and its advisors are
in the midst of determining which of the leases will be part of
its go-forward business plan.  Additionally, the Debtor is
analyzing which leases have their own intrinsic value, even if
they are ultimately not part of the business plan.

                      About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002 and exited bankruptcy two years after.
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP represented the Debtors in their successful
restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang
Ziehl & Jones LLP as counsel; Alvarez & Marsal as financial
advisor; Sitrick and Company Inc. as public relations consultant
and GCG as claims agent.

The Debtor disclosed $1.89 billion in assets and $1.14 billion in
liabilities as of March 31, 2013.

Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co counsel.  Zolfo Cooper, LLC serves as its bankruptcy
consultants and financial advisors.


FIRST MARINER: George Mantakos Retires as Bank's EVP and CLO
------------------------------------------------------------
George Mantakos, director, executive vice president and chief
lending officer of First Mariner Bank, First Mariner Bancorp's
wholly owned subsidiary, retired from his positions of executive
vice president and chief lending officer of the Bank.  Mr.
Mantakos will continue as a director of the Company and will
continue to serve on several Board Committees, including Loan
Committee, Audit Committee, and Asset/Liability Management
Committee.

                         About First Mariner

Headquartered in Baltimore, Maryland, First Mariner Bancorp
-- http://www.1stmarinerbancorp.com/-- is a bank holding company
whose business is conducted primarily through its wholly owned
operating subsidiary, First Mariner Bank, which is engaged in the
general general commercial banking business.  First Mariner was
established in 1995 and has total assets in excess of $1.3 billion
as of Dec. 31, 2010.

First Mariner disclosed net income of $16.11 million in 2012, as
compared with a net loss of $30.24 million in 2011.  As of
June 30, 2013, the Company had $1.21 billion in total assets,
$1.22 billion in total liabiliteis and a $13.26 million in total
stockholders' deficit.

Stegman & Company, in Baltimore, Maryland, 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 insufficient capital per regulatory
guidelines and has failed to reach capital levels required in the
Cease and Desist Order issued by the Federal Deposit Insurance
Corporation in September 2009.  These matters raise substantial
doubt about the Company's ability to continue as a going concern.

               Regulatory matters and capital adequacy

Various regulatory capital requirements administered by the
federal banking agencies apply to First Mariner and the Bank.
Failure to meet minimum capital requirements can initiate certain
mandatory, and possibly additional discretionary, actions by
regulators that, if undertaken, could have a direct material
effect on the Company's financial statements.  Under capital
adequacy guidelines and the regulatory framework for prompt
corrective action, the Bank must meet specific capital guidelines
that involve quantitative measures of assets, liabilities, and
certain off-balance sheet items as calculated under regulatory
accounting practices.  The Bank's capital amounts and
classification are also subject to qualitative judgments by the
regulators about components, risk weightings, and other factors.

Quantitative measures established by regulation to ensure capital
adequacy require the Bank to maintain minimum amounts and ratios
of total and Tier I capital to risk-weighted assets, and of Tier I
capital to average quarterly assets.  As of both March 31, 2013,
and Dec. 31, 2012, the Bank was "undercapitalized" under the
regulatory framework for prompt corrective action.


FRESH & EASY: Section 341(a) Meeting Scheduled for Nov. 5
---------------------------------------------------------
A meeting of creditors in the bankruptcy case of Fresh & Easy
Neighborhood Market Inc. will be held on Nov. 5, 2013, at
10:30 a.m. at J. Caleb Boggs Federal Building, 844 King St., Room
5209, Wilmington, Delaware.

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.

Fresh & Easy Neighborhood Market Inc., and its affiliate filed
Chapter 11 petitions (Bankr. D. Del. Case Nos. 13-12569 and 13-
12570) on Sept. 30, 2013.  The petitions were signed by James
Dibbo, chief financial officer.  Judge Kevin J. Carey presides
over the case.  Richards, Layton & Finger, P.A., serves as the
Debtors' counsel.   Prime Clerk LLC acts as the Debtors' claims
and noticing agent.  The Debtors estimated assets of at least $100
million and liabilities of at least $500 million.


FRESH & EASY: Wants November Auction to Test Yucaipa Lead Bid
-------------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that Tesco Plc's Fresh & Easy Neighborhood
Market Inc. wants to hold a Nov. 13 auction with an affiliate of
billionaire Ron Burkle's Yucaipa Cos. as the lead bidder in a sale
of virtually all its assets, a lawyer for the company said in
court October 1.

According to the report, the company, which filed for bankruptcy
Sept. 30, proposed an Oct. 15 date to schedule a hearing to seek
approval of sale procedures that would govern the bidding and
auction process, Lisa Laukitis, a company attorney, told U.S.
Bankruptcy Judge Kevin J. Carey in Wilmington, Delaware.  As the
so-called stalking horse, Los Angeles-based Yucaipa's affiliate
would have the opening bid.  Should no other offers come in, the
company would automatically win the auction by default and buy
Fresh & Easy.

The report notes that under the proposed deal, a Tesco affiliate
would lend the Yucaipa affiliate $120 million to help fund the
takeover.  Tesco would get warrants to buy as much as 10 percent
of the equity in the reorganized supermarket chain.  Should
Yucaipa win the proposed auction, a Tesco unit would retain 22.5
percent of the equity in the reorganized chain.  The Yucaipa offer
was the only "bid that allowed it to avoid a complete liquidation"
and would also preserve about 4,000 jobs, Laukitis said at the
hearing.

The report relates that Yucaipa has agreed to take over about 150
of the markets along with its production facility in Riverside,
California, where the company produces meals under the Fresh &
Easy brand.  Fresh & Easy operates 167 stores in the Western U.S.,
142 of which involve leases.  The company also owns 61 store
properties that aren't being operated and leases 36 non operating
locations.  Fresh & Easy "has a clear path to exit" from
bankruptcy and has "sufficient liquidity to get there," Laukitis
told Carey at the hearing.  The grocery chain will file a
reorganization plan shortly, she added.

The report discloses that Fresh & Easy blamed its failure on the
economic downturn that began in 2008, especially falling real
estate prices in California, Nevada and Arizona.  To build the
chain quickly in 2006 and 2007, the height of the U.S. real estate
boom, Tesco spent $610 million.  Fresh & Easy said it owes $738
million to Cheshunt, England-based Tesco, the U.K.'s biggest
retailer.  Fresh & Easy never made a profit and lost an average of
$22 million a month in the 12 months ended in February, court
papers show.

The case is In re Fresh & Easy Neighborhood Market Inc., 13-bk-
12569, U.S. Bankruptcy Court, District of Delaware (Wilmington).


FURNITURE BRANDS: Has Final OK to Pay Critical Vendor Claims
------------------------------------------------------------
On Sept. 30, 2013, the U.S. Bankruptcy Court for the District of
Delaware entered a final order authorizing (a) Furniture Brands
International, Inc., et al., to pay the prepetition claims of
critical vendors, and (b) Banks to honor and process and honor and
process prepetition payments, checks and transfers to critical
vendors.

The Debtors' payment of the Critical Vendor Claims will not exceed
$13 million in the aggregate.

The Debtors will first apply all payments to Critical Vendors to
the Critical Vendor's claims, if any, for goods received by the
Debtors within 20 days prior to the Petition Date.

As a condition to payment of the Critical Vendor Claims, unless
otherwise modified or waived by the Debtors in their sole
discretion, the Critical Vendors are required to continue to
provide goods and services to the Debtors on the most favorable
terms in effect between such Critical Vendor and the Debtors in
the 12 months before the Petition Date, or on such other favorable
terms as the Debtors and the Critical Vendor may otherwise agree.

                      About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engages in the designing,
manufacturing, sourcing and retailing home furnishings.
Furniture Brands markets products through a wide range of
channels, including company owned Thomasville retail stores and
through interior designers, multi-line/ independent retailers and
mass merchant stores.  Furniture Brands serves its customers
through some of the best known and most respected brands in the
furniture industry, including Thomasville, Broyhill, Lane, Drexel
Heritage, Henredon, Pearson, Hickory Chair, Lane Venture,
Maitland-Smith and LaBarge.

On Sept. 9, 2013, Furniture Brands International, Inc. and 18
affiliated companies sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-12329).

Attorneys at Paul Hastings LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  Alvarez and Marsal
North America, LLC, is the restructuring advisors.  Miller
Buckfire & Co., LLC is the investment Banker.  Epiq Systems Inc.
dba Epiq Bankruptcy Solutions is the claims and notice agent.

Furniture Brands' balance sheet at June 29, 2013, showed $546.73
million in total assets against $550.13 million in total
liabilities.

The company has an official creditor's committee with seven
members.  The creditors' panel includes the Pension Benefit
Guaranty Corp., Milberg Factors Inc. and five suppliers.


FURNITURE BRANDS: Panel Objects to Oaktree DIP Financing Proposal
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Furniture Brands
International, Inc., objects to Debtors' (I) motion for a final
order authorizing the Debtors to obtain post-petition financing of
up to $140 million from Oaktree Capital Management, L.P., and (ii)
motion for an order approving bidding procedures for the sale of
substantially all of the Debtors' assets and related relief.

By the Sale Motion, the Debtors seek approval of the Asset
Purchase Agreement entered into by the Debtors and affiliates of
Oaktree, under which Oaktree will purchase substantially all of
the assets and other rights of the Debtors, other than the assets
primarily used by the Lane Entities, for the aggregate purchase
price of $166 million in the form of a credit bid of $140 million
and cash plus the assumption of certain liabilities.

                     Revised Oaktree Proposal

Around Sept. 26, 2013, the Debtors and the Committee received a
revised offer from Oaktree which provided for, among other things,
a purchase price of $260 million for the sale of all of the
Debtors' assets, including the Lane Assets, certain additions to
the excluded assets, a reduced breakup fee of $4 million and a
timeline which would begin with a bid deadline of Dec. 8, 2013.

Although the Oaktree Revised Proposal included the purchase of the
Lane Assets, the proposal included a price adjustment if a sale of
the Lane Assets is not accomplished prior to the closing of the
Debtors' other assets, based upon the then current accounts
receivable and inventory held by the Lane Entities, with certain
collars before adjustments are made.

Committee's Objection

1. The Debtors' selection of the Revised Oaktree Proposal as the
stalking horse bid is an improper exercise of their business
judgment under Section 363(b) of the Bankruptcy Code.

2. Even if the Revised Oaktree Proposal is chosen, there are
significant issues with the Oaktree DIP Agreement that must be
modified and/or clarified before such agreement should be
authorized by the Court:

   -- Oaktree should not be granted replacement liens on
   unencumbered assets.

   -- The fees sought pursuant to the Oaktree DIP Agreement must
   be severed from those sought pursuant to the sale process.

   -- The Committee should have oversight with respect to
   the budget.

3. There are also a number of provisions of the proposed bidding
procedures that must be modified and/or clarified.

    * The Committee should be allowed an active role in the sale
process.

* Bids for a portion of the Debtors' assets should be
permitted under certain circumstances.

    * The bidding procedures provide the stalking horse with
certain unfair advantages that may chill bidding.

    * The bidding procedures should make clear that any credit
bidding by the stalking horse bidder is subject to the
Committee's rights.

Thus, the Committee requests that the Court enter an order (i)
denying the Debtors' selection of Oaktree as the Stalking Horse
Bidder for the Debtors' assets, (ii) denying the Debtors' motion
to approve on a final basis the Oaktree DIP Facility, (iii)
modifying the proposed Bidding Procedures, to the extent set forth
in the motion, and (iv) granting such further relief as it deems
just and proper.

A copy of the Committee's omnibus objection is available at:

http://bankrupt.com/misc/furniturebrands.doc230.pdf

                     About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engages in the designing,
manufacturing, sourcing and retailing home furnishings.
Furniture Brands markets products through a wide range of
channels, including company owned Thomasville retail stores and
through interior designers, multi-line/ independent retailers and
mass merchant stores.  Furniture Brands serves its customers
through some of the best known and most respected brands in the
furniture industry, including Thomasville, Broyhill, Lane, Drexel
Heritage, Henredon, Pearson, Hickory Chair, Lane Venture,
Maitland-Smith and LaBarge.

On Sept. 9, 2013, Furniture Brands International, Inc. and 18
affiliated companies sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-12329).

Attorneys at Paul Hastings LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  Alvarez and Marsal
North America, LLC, is the restructuring advisors.  Miller
Buckfire & Co., LLC is the investment Banker.  Epiq Systems Inc.
dba Epiq Bankruptcy Solutions is the claims and notice agent.

Furniture Brands' balance sheet at June 29, 2013, showed $546.73
million in total assets against $550.13 million in total
liabilities.

The company has an official creditor's committee with seven
members.  The creditors' panel includes the Pension Benefit
Guaranty Corp., Milberg Factors Inc. and five suppliers.


FURNITURE BRANDS: US Trustee Says Oaktree Breakup Fee Excessive
---------------------------------------------------------------
Roberta A. DeAngelis, the U.S. Trustee for Region 3, has issues
with respect to proposed bidding procedures where Oaktree Capital
Management, L.P., will open an auction for most of Furniture
Brands International, Inc.'s assets with a $166 million offer.

On Sept. 9, 2013, the Debtors filed a motion seeking approval of
bidding procedures to sell substantially all of their assets,
except for the Lane business, for a purchase price of $166 million
to affiliates of the Debtors' prepetition and postpetition lender,
Oaktree Capital Management, L.P., absent higher and better offers.

The U.S. Trustee put forth these arguments:

   1. The breakup fee of $6 million is excessive when measured
against the cash component of the purchase price.  The breakup fee
of $6 million (even before consideration of the expense
reimbursement) appears to total approximately 7% of the cash
component of the $166 million purchase price (estimated at $84.3
million, after a credit bid of (i) $49.7 million for the
Prepetition Term loan, (ii) $2 million for the DIP termination fee
and (iii) an estimated $30 million to satisfy the DIP loan).

   2. The requested breakup fee provision is not necessary to
preserve the value of the Debtors' estate under 11 U.S.C. Section
503(b).  Given that the stalking horse purchaser is comprised of
affiliates of the Debtors' DIP lender, it has strategic reasons
for bidding.  As the Third Circuit noted in O'Brien, entities that
have a strategic incentive to bid do not need bid protections.

                     About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engages in the designing,
manufacturing, sourcing and retailing home furnishings.
Furniture Brands markets products through a wide range of
channels, including company owned Thomasville retail stores and
through interior designers, multi-line/ independent retailers and
mass merchant stores.  Furniture Brands serves its customers
through some of the best known and most respected brands in the
furniture industry, including Thomasville, Broyhill, Lane, Drexel
Heritage, Henredon, Pearson, Hickory Chair, Lane Venture,
Maitland-Smith and LaBarge.

On Sept. 9, 2013, Furniture Brands International, Inc. and 18
affiliated companies sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-12329).

Attorneys at Paul Hastings LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  Alvarez and Marsal
North America, LLC, is the restructuring advisors.  Miller
Buckfire & Co., LLC is the investment Banker.  Epiq Systems Inc.
dba Epiq Bankruptcy Solutions is the claims and notice agent.

Furniture Brands' balance sheet at June 29, 2013, showed $546.73
million in total assets against $550.13 million in total
liabilities.

The company has an official creditor's committee with seven
members.  The creditors' panel includes the Pension Benefit
Guaranty Corp., Milberg Factors Inc. and five suppliers.


FUSION TELECOMMUNICATIONS: Sells 27.34 Units to Investors
---------------------------------------------------------
Fusion Telecommunications International, Inc., on Aug. 29, 2013,
entered into subscription agreements with 10 accredited investors
pursuant to which the Company sold 13.09 units consisting of an
aggregate of 7,522,994 shares of the Company's common stock, $.01
par value per share and (b) warrants to purchase an aggregate of
3,761,497 shares of common stock, for gross proceeds of $654,500.
Each Unit consists of (a) a number of Shares determined by
dividing $50,000 by the volume-weighted average price for Fusion's
common stock over the ten trading days immediately prior to the
applicable closing of the offering, and (b) a five-year warrant to
purchase a number of shares of Fusion common stock equal to 50
percent of the number of Shares included in the Unit, at a per
Share exercise price equal to 125 percent of the applicable VWAP,
subject to adjustment.

Concurrent with the August Closing, Matthew Rosen, the Company's
chief executive officer, converted $100,000 owed to him by the
Company into two Units consisting of 1,149,426 Shares and Warrants
to purchase 574,713 Warrant Shares, and Marvin Rosen, the
Company's Chairman of the Board of Directors, converted $150,000
owed to him by the Company into three Units consisting of
1,724,138 Shares and Warrants to purchase 862,069 Warrant Shares.

On Sept. 27, 2013, the Company entered into subscription
agreements with four Investors with terms substantially identical
to those contained in the August Closing, pursuant to which the
Company sold 14.25 Units consisting of 7,033,565 Shares and
Warrants to purchase 3,516,783 Warrant Shares for gross proceeds
of $712,500.

Concurrent with the September Closing, Marvin Rosen converted
$200,000 owed to him by the Company into four Units consisting of
1,974,334 Shares and Warrants to purchase 987,167 Warrant Shares.

Fusion has agreed that, within 45 days following the final closing
of the Offering, it will file a registration statement under the
Securities Act to register the resale of the Shares and common
stock issuable upon exercise of the Warrants issued in this
Offering.  Thereafter it will use reasonable commercial efforts to
cause the registration statement to be declared effective by the
SEC within 120 days of the final closing of the Offering.

The Company sold the Units through Noble Financial Capital
Markets, as placement agent, and paid aggregate cash compensation
to the Placement Agent of approximately $18,000.  The Placement
Agent and its designees also earned placement agent warrants to
purchase 158,046 shares of the Company's common stock.

                  About Fusion Telecommunications

New York City-based Fusion Telecommunications International, Inc.
(OTC BB: FSNN) is a provider of Internet Protocol ("IP") based
digital voice and data communications services to corporations and
carriers worldwide.

The Company reported a net loss of $5.20 million in 2012, as
compared with a net loss of $4.45 million in 2011.  The Company's
balance sheet at June 30, 2013, showed $27.32 million in total
assets, $31.16 million in total liabilities and a $3.84 million
total stockholders' deficit.

Rothstein Kass, in Roseland, 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 had negative working capital balances, incurred
negative cash flows from operations and net losses since
inception, and has limited capital to fund future operations that
raises a substantial doubt about their ability to continue as a
going concern.


GAMING & LEISURE: Moody's Gives Ba1 CFR & Rates Unsec. Bonds Ba1
----------------------------------------------------------------
Moody's Investors Service assigned a Ba1 corporate family rating
to Gaming & Leisure Properties, Inc. ("GLPI") and a Ba1 senior
unsecured rating to the proposed bond offering of its subsidiary,
GLP Capital Corporation. The rating outlook is stable. This is the
first time Moody's rates Gaming & Leisure Properties, Inc.

Gaming & Leisure Properties, Inc. currently is a wholly-owned
subsidiary of Penn National Gaming, Inc. ("Penn").  Following a
series of restructuring transactions, Penn will distribute all
outstanding shares of GLPI common stock to the holders of Penn
common and preferred stock.  At the time of the distribution,
Gaming & Leisure Properties, Inc. will hold directly or indirectly
substantially all of the assets and liabilities associated with
Penn's real property interests and real estate development
business, as well as the assets and liabilities of the Hollywood
Casino Baton Rouge and the Hollywood Casino Perryville, owned by
Penn immediately prior to the restructuring. Effective January 1,
2014, GLPI expects to qualify as a REIT.

The following ratings were assigned with a stable outlook:

  Gaming & Leisure Properties, Inc. -- corporate family rating at
  Ba1

  GLP Capital Corporation -- senior unsecured rating at Ba1

Ratings Rationale

The ratings reflect GLPI's portfolio of gaming assets master
leased to Penn National Gaming, Inc. The ratings are further
supported by the fully unencumbered asset base, regulatory
limitations on new competition, and the experienced management
team. Also positively, GLPI's credit profile is expected to be
strong with 5.5x net debt/EBITDA and 3.5x fixed charge coverage.
In addition, Gaming & Leisure properties is anticipated to have
ample liquidity with a $700 million revolver.

These credit strengths are offset by 100% tenant concentration
with Penn National Gaming (at least at the commencement of
operations), as well as exposure to the volatility associated with
gaming assets, although indirect. Additionally, in the past,
recoveries on casino assets, a new asset category for REITs, have
been limited.

The stable rating outlook reflects Moody's expectation that Gaming
& Leisure Properties will largely maintain its credit profile in
the intermediate term, as well as manage its liquidity prudently.

Positive rating movement would depend on GLPI expanding its
business profile beyond its single tenant while maintaining its
credit metrics and liquidity.

Negative rating pressure would occur from any operational
challenges in the execution of GLPI's business plan. Reduction in
the business' profitability, rise in leverage or any liquidity
challenges would also be viewed negatively, as would deterioration
in its tenant's (Penn National's) credit rating.

This is the first time Moody's has rated Gaming & Leisure
Properties, Inc.

Gaming & Leisure Properties, Inc. is a wholly-owned subsidiary of
Penn National Gaming, Inc. The common stock of Gaming & Leisure
Properties is expected to be distributed to the shareholders of
Penn National, and GLPI is expected to become a real estate
investment trust focused on the ownership, management, development
and redevelopment of gaming assets in the US.

Penn National Gaming owns, operates or has ownership interests in
gaming and racing facilities with a focus on slot machine
entertainment. As of June 30, 2013, Penn operated twenty-eight
facilities in eighteen jurisdictions, including Florida, Illinois,
Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Mississippi,
Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania,
Texas, West Virginia, and Ontario. In aggregate, Penn National's
operated facilities currently feature approximately 34,500 gaming
machines, 850 table games, 2,900 hotel rooms and 1.6 million
square feet of gaming floor space. As of June 30, 2013, Penn
National's assets totaled $5.4 billion, and its equity was $2.3
billion.

The principal methodology used in this rating was Global Rating
Methodology for REITs and Other Commercial Property Firms
published in July 2010.


GATEHOUSE MEDIA: Gets Nov. 6 Hearing to Seek Plan Approval
----------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that GateHouse Media Inc., the community
newspaper publisher overseen by the co-chairman of Fortress
Investment Group LLC, will seek court approval of its
restructuring plan, which is already supported by creditors, just
six weeks after filing for bankruptcy at a Nov. 6 hearing.

According to the report, U.S. Bankruptcy Judge Mary F. Walrath
granted the company's request to hold a combined hearing seeking
approval of both its disclosure statement and reorganization plan
which would combine GateHouse's assets with those recently
purchased by Newcastle Investment Corp.

According to the report, at the hearing the newspaper publisher
will seek a determination that its disclosure statement, an
outline of the plan, contained adequate information for creditors
to make an informed vote and that its plan complies with
bankruptcy law.

The prepackaged restructuring plan hinges on the combination of
GateHouse with assets of Dow Jones Local Media Group, which
Newcastle bought from News Corp. last month for $87 million.

The report relates that Newcastle has made "two investments in
high-yielding local media companies that will be combined and spun
into a new company," Wesley Edens, co-chairman of Fortress, said
on a conference call Sept. 4, the same day Newcastle announced the
deal for Dow Jones Local.

Newcastle owns 52 percent of GateHouse's $1.2 billion in secured
debt and said it will convert the debt into equity in a new
company.   Other secured creditors will have the option of
converting their debt into cash at 40 percent of par or stock in
New Media Investment Group Inc., a new holding company that will
own GateHouse and Local Media Group, GateHouse said in a Sept. 27
statement.

"The prepackaged plan proposes a 'balance-sheet restructuring,' by
which GateHouse will emerge from bankruptcy with much less debt on
its balance sheet, but with its business operations completely
intact," Chief Executive Officer Michael Reed said in a statement
the day of the bankruptcy filing.

                        About GateHouse Media

GateHouse Media, Inc. -- http://www.gatehousemedia.com/--
headquartered in Fairport, New York, is one of the largest
publishers of locally based print and online media in the United
States as measured by its 97 daily publications.  GateHouse Media
currently serves local audiences of more than 10 million per week
across 21 states through hundreds of community publications and
local Web sites.

As of June 30, 2013, the Company had $433.70 million in total
assets, $1.28 billion in total liabilities and a $848.85 million
total stockholders' deficit.

GateHouse Media and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Case No. 13-12503, Bankr. D.Del.) on
Sept. 27, 2013.  The case is assigned to Judge Mary F. Walrath.

The Debtors are represented by Patrick A. Jackson, Esq., and
Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor, LLP,
in Wilmington, Delaware.  Their financial advisor is Houlihan
Lokey Capital, Inc.  Epiq Bankruptcy Solutions, LLC, serves as
their claims and noticing agent.


GENERAL MOTORS: Old GM Case Gives Hedge Funds Windfall
------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that General Motors Corp.'s bankruptcy,
which wiped out shareholders and left taxpayers on the hook for
billions of dollars, is generating a new wave of profit for hedge
funds that supersized their claim by betting on an obscure pool of
GM debt issued in the Canadian province of Nova Scotia.

According to the report, a settlement proposes giving Fortress
Investment Group LLC, Elliott Management Corp. and other holders
of GM Nova Scotia notes a $1.55 billion bankruptcy claim on $1.07
billion in debt.  Holders of that same pool of debt earlier
received $367 million in cash.

The report notes that if the settlement is approved, holders of
the Nova Scotia notes could walk away with as much as 1.8 times
the recovery in the U.S. automaker as other unsecured creditors.
That would mark a rare departure from the bankruptcy norm -- that
one loss is entitled to one recovery.

The report relates that the settlement marks a compromise from an
initial deal the funds struck during a frenzied weekend of talks
leading up to GM's June 1, 2009, bankruptcy filing.  The Nova
Scotia noteholders realized at the time that a U.S. effort to save
GM would break down if its Canada unit was put into bankruptcy,
and they used a quirk of Nova Scotia law to force a deal.

The report discloses that the agreement promised the Nova Scotia
noteholders, which included Appaloosa Management LP and Aurelius
Capital Management LP, close to three times the recovery of other
creditors.  The settlement, which is up for approval on Oct. 21,
stands to be the culmination of a complex and legally intense
investment play that, for Fortress, dates to 2005.

The adversary case is Motors Liquidation Co. GUC Trust v.
Appaloosa Investment LP I, 12-09802, U.S. Bankruptcy Court,
Southern District of New York (Manhattan).

                       About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.


GENERAL STEEL: Receives Noncompliance Notice From NYSE Listing
--------------------------------------------------------------
General Steel Holdings, Inc., received a notice from the New York
Stock Exchange, Inc., that the Company is currently below the
NYSE's continued listing standards.  Specifically, the Company is
below the NYSE minimum requirements for average global market
capitalization of no less than $50 million over a 30 trading-day
period, and total shareholders' equity of not less than $50
million.

Under NYSE rules, the Company has 45 days from the date of the
notice to submit a plan to the NYSE demonstrating its ability to
achieve compliance with the continued listing standards within 18
months of receiving the notice.  The Company intends to submit
that plan and has notified the NYSE that it intends to cure the
deficiency within the prescribed timeframe.  In the event the NYSE
approves the Company's plan, the Company's common shares will
continue to be listed and traded on the NYSE during this 18-month
cure period, subject to NYSE's discretion.  The Company's business
operations and SEC reporting requirements are not affected by the
receipt of the NYSE notification.

                   About General Steel Holdings

General Steel Holdings, Inc., headquartered in Beijing, China,
produces a variety of steel products including rebar, high-speed
wire and spiral-weld pipe.  The Company has operations in China's
Shaanxi and Guangdong provinces, Inner Mongolia Autonomous Region
and Tianjin municipality with seven million metric tons of crude
steel production capacity under management.  For more information,
please visit www.gshi-steel.com.

General Steel incurred a net loss of $231.93 million on
$1.96 billion of sales for the year ended Dec. 31, 2012, as
compared with a net loss of $283.29 million on $2.45 billion of
sales for the year ended Dec. 31, 2011.  As of June 30, 2013,
General Steel had $2.45 billion in total assets, $2.95 billion in
total liabilities and a $498.30 million total deficiency.


GLYECO INC: Merges with GSS Automotive
--------------------------------------
GlyEco, Inc., previously entered into a preliminary agreement with
GSS Automotive Recycling, Inc., dated July 1, 2013, pursuant to
which the Company agreed to purchase from GSS Automotive Recycling
its business and all of its assets.

On Sept. 27, 2013, the Company and GlyEco Acquisition Corp. #7, a
wholly-owned subsidiary of the Company ("Merger Sub"), entered
into an Agreement and Plan of Merger with GSS Automotive
Recycling, Joseph Getz, an individual, and John Stein, an
individual.  Pursuant to the Merger Agreement, on Sept. 30, 2013,
GSS Automotive Recycling merged with and into Merger Sub, with
Merger Sub continuing as the surviving corporation and a wholly-
owned subsidiary of the Company.

Pursuant to the Merger Agreement, at the Effective Time, Merger
Sub purchased each issued and outstanding share of GSS Automotive
Recycling's common stock from the GSS Shareholders in exchange for
$430,000 in cash and 445,000 shares of restricted common stock,
par value $0.0001, of the Company, valued at the current fair
market value of $1.00 per share.  The Merger Consideration will be
paid to the GSS Shareholders in accordance with the terms of the
Merger Agreement and will be subject to customary post-closing
adjustment based on net working capital.  Of the Merger
Consideration, 200,000 shares of common stock will be held in
escrow for a 12-month period after the closing to secure the
rights of indemnity provided under the terms of the Merger
Agreement.

As a result of the Merger, Merger Sub will assume operations of
GSS Automotive Recycling's business located in Landover, Maryland,
relating to processing recyclable glycol streams, primarily used
antifreeze, and selling glycol as remanufactured product.
Additionally, Merger Sub will acquire all of the assets of GSS
Automotive Recycling, consisting of GSS Automotive Recycling's
equipment, tools, machinery, supplies, materials, and other
tangible property, inventory, intangible property, contractual
rights, books and records, intellectual property, accounts
receivable, goodwill, and miscellaneous assets.

A copy of the Agreement and Plan of Merger is available at:

                        http://is.gd/nJo59F

                        About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco, Inc., is a green chemistry company
formed to roll-out its proprietary and patent pending glycol
recycling technology that transforms waste glycols, a hazardous
material, into profitable green products.

Glyeco disclosed a net loss of $1.86 million on $1.26 million of
net sales for the year ended Dec. 31, 2012, as compared with a net
loss of $592,171 on $824,289 of net sales for the year ended Dec.
31, 2011.  The Company's balance sheet at March 31, 2013, showed
$9.16 million in total assets, $2.63 million in total liabilities
and $6.53 million in total stockholders' equity.

Jorgensen & Co., in Lehi, UT, 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 not yet achieved profitable operations and is
dependent on its ability to raise capital from stockholders or
other sources and other factors to sustain operations.  These
factors, among other matters, raise substantial doubt that the
Company will be able to continue as a going concern.


GRAND CENTREVILLE: Can Use Secured Creditor's Cash Until Dec. 31
----------------------------------------------------------------
In a second interim order filed Oct. 2, 2013, the U.S. Bankruptcy
Court for the Eastern District of Virginia authorized Grand
Centreville, LLC, to use cash collateral of secured creditor Wells
Fargo Bank, as trustee for the registered holders of JP Morgan
Chase Commercial Mortgage Securities Corp., Commercial Mortgage
Pass-Through Certificates, Series 2005-CIBC13, as assignee of that
certain loan originally made by CIBC on June 6, 2005.

Debtor's authority to use cash collateral will expire on the
earlier of (a) Dec. 31, 2013, (b) the date on which a final or
subsequent cash collateral order will be entered by the Court, (c)
entry by the Court of an order denying Debtor's authorization to
use cash collateral, (d) at the option of Secured Creditor, upon
occurrence of an Event of Default, subject to any written notice
to Debtor's counsel and the expiration of any applicable period,
or (e) a date consented to in writing by Secured Creditor.

A copy of the Second Interim Cash Collateral Order is available at
http://bankrupt.com/misc/grandcentreville.doc56.pdf

                    About Grand Centreville

Grand Centreville, LLC, filed a Chapter 11 petition (Bankr. E.D.
Va. Case No. 13-13590) on Aug. 2, 2013.  The petition was signed
by Michael L. Schuett, principal of Black Creek Consulting Ltd.,
the receiver.  Judge Robert G. Mayer presides over the case.
Paula S. Beran, Esq., and Lynn L. Tavenner, Esq., at Tavenner &
Beran, PLC, in Richmond, Va., represents the Debtor as counsel.
In its schedules, the Debtor disclosed $40,550,045.74 in assets
and $26,247,602.00 in liabilities as of the petition date.


HAWKEYE ENTERTAINMENT: Exchange LA Affiliate Seeks Bankruptcy
-------------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that Hawkeye Entertainment LLC, which holds
the lease for the Exchange LA nightclub, sought bankruptcy
protection after a dispute with its landlord.  The Los Angeles-
based company listed between $1 million and $10 million in both
debt and assets in Chapter 11 documents filed Sept. 30 in U.S.
Bankruptcy Court in its hometown.

According to the report, Hawkeye's "most valuable asset" is a
written lease agreement for the first four floors and basement of
the Pacific Stock Exchange Building, home to the Exchange LA
nightclub, according to court papers. Hawkeye holds the lease and
sublets it to a related company.  The venue is located in downtown
Los Angeles about one mile (1.6 kilometers) from the Staples
Center and the Los Angeles Convention Center, according to the
nightclub's website.

The report notes that the Los Angeles Stock Exchange Building
began construction in 1929 just as the stock market began to
collapse and opened in 1931 during the Great Depression.  The Los
Angeles Stock Exchange and the San Francisco Stock Exchange merged
in 1956 and became the Pacific Coast Stock Exchange, which
remained in the building until 1986, according to the website.
The building was designated as a historic cultural landmark in
1979.  "Literally thousands of people wait in line" to get into
the club, which features some of the most sought after disc
jockeys and promoters, the company said in court papers.

The report relates that Exchange LA also operates as an event
venue for private parties, corporate events, live entertainment,
film shoots and fashion shows.  Hawkeye filed for bankruptcy to
protect its interest in the lease after the landlord moved to
terminate it, according to court documents.  The company said it
will file a motion to assume the lease.  Hawkeye said in court
papers that it spent millions of dollars to renovate and bring the
building up to city code, precipitating a dispute with its then-
landlord, Pax America Development LLC.  The company claimed it
should be reimbursed for its expenses.

The report discloses that Pax defaulted on a loan and lost the
building after its lender foreclosed following a series of
bankruptcy filings by Pax, according to court documents.  New
Vision Horizon LLC purchased the note from Pax's lender and
foreclosed on its interest in the building.  Hawkeye has been
unable to obtain a final certificate of occupancy from the city,
and has been getting temporary certificates every six months,
because the building's owner has refused to make improvements to
bring the entire building into compliance, court papers show.  The
company said it has sued to resolve the issues and withheld rent.

The case is In re Hawkeye Entertainment LLC, 13-bk-16307, U.S.
Bankruptcy Court, Central District of California (Los Angeles).


HD SUPPLY: Presented at Deutsche Bank 21st Annual Conference
------------------------------------------------------------
HD Supply Holdings, Inc., presented at the Deutsche Bank 21st
Annual Leveraged Finance Conference on Oct. 2, 2013.  The slide
presentation is used at the presentation is available for free at:

                         http://is.gd/7JlH8k

                          About HD Supply

HD Supply, Inc., headquartered in Atlanta, Georgia, is one of the
largest North American wholesale distributors supporting
residential and non-residential construction and to a lesser
extent electrical consumption and repair and remodeling.  HDS also
provides maintenance, repair and operations services.  Its
businesses are organized around three segments: Infrastructure and
Energy; Maintenance, Repair & Improvement; and, Specialty
Construction.  HDS operates through approximately 800 locations
throughout the U.S. and Canada serving contractors, government
entities, maintenance professionals, home builders and
professional businesses.

For the 12 months ended Feb. 3, 2013, the Company incurred a net
loss of $1.17 billion on $8.03 billion of net sales, as compared
with a net loss of $543 million on $7.02 billion of net sales for
the 12 months ended Jan. 29, 2012.  As of Aug. 4, 2013, the
consolidated balance sheet showed $6.58 billion in total assets,
$7.34 billion in total liabilities and a $753 million total
stockholders' deficit.

                           *     *     *

As reported by the TCR on Jan. 11, 2013, Moody's Investors Service
upgraded HD Supply, Inc.'s ("HDS") corporate family rating to B3
from Caa1 and its probability of default rating to B3 from Caa1.
This rating action results from our expectations that HDS will
refinance a significant portion of its senior subordinated notes
due 2015, effectively extending the remainder of its maturities by
at least two years to 2017.

HD Supply carries a 'B' corporate credit rating, with
negative outlook, from Standard & Poor's Ratings Services.


HOUSTON REGIONAL: Astros to Seek Dismissal of Involuntary Case
--------------------------------------------------------------
Maury Brown, writing for Forbes, reports that the Houston Astros
was to file on Monday a motion to dismiss an involuntary
bankruptcy case of Comcast SportsNet Houston filed by several
creditors associated with NBC Universal/Comcast.  The case will be
heard by U.S. Bankruptcy Judge Marvin Isgur.

The petitioning creditors that are associated to Comcast in the
case are National Digital Television Center of Centennial, Colo.,
which is owed $10,517.50; Comcast Sports Management Services LLC,
which is owed $1,251,573.75 for management services; Comcast
SportsNet California, which is owed $43,129.02; and Houston
SportsNet Finance, based in Philadelphia, which has a $100 million
loan to the partnership plus accrued and unpaid interest, fees,
and other amounts.

Forbes reports the creditors will have one week to reply.

The Astros are the majority stake holders of CSN Houston with an
ownership percentage of 46.384 percent while the NBA Houston
Rockets own 30.923 percent.  NBC Universal/Comcast owns 22.693
percent.

According to Forbes, the Astros believe that the case is without
merit as cash calls from the Astros will allow payments to be
made.  The network would not shut down in the case of the
bankruptcy, and the creditors in the Chapter 11 case are seeking a
trustee to manage the fledgling regional sports network while the
case is heard by Judge Isgur. Should that occur, carriage deals
could be made by the trustee without approval of the key
stakeholders, something the Astros are looking to avoid.

               About Houston Regional Sports Network

An involuntary Chapter 11 bankruptcy petition was filed against
Houston Regional Sports Network, L.P. d/b/a Comcast SportsNet
Houston (Bankr. S.D. Tex. Case No. 13-35998) on Sept. 27, 2013.

The involuntary filing was launched by three units of Comcast/NBC
Universal and a television-related company.  The petitioners are:
Houston SportsNet Finance LLC, Comcast Sports Management Services
LLC, National Digital Television Center LLC, and Comcast SportsNet
California, LLC.

The petitioning creditors have filed papers asking the Bankruptcy
Judge to appoint an independent Chapter 11 trustee "to conduct a
fair and open auction process for the Network's business assets on
a going concern basis."

Houston Regional Sports Network is a joint enterprise among
affiliates of the Houston Astros baseball team, the Houston
Rockets basketball team, and Houston SportsNet Holdings, LLC --
"Comcast Owner" -- an affiliate of Comcast Corporation.  The
Network has three limited partners -- Comcast Owner, Rockets
Partner, L.P., and Astros HRSN LP Holdings LLC.  The primary
purpose of Houston Regional Sports Network is to create and
operate a regional sports programming service that produces,
exhibits, and distributes sports programming on a full-time basis,
including live Astros and Rockets games within the league-
permitted local territories.

The Network also has one general partner -- Houston Regional
Sports Network, LLC -- "General Partner" -- which, subject to
certain limitations, exercises exclusive management, supervision,
and control over the Network's properties and business.  The
General Partner's sole purpose is to serve as the Network's
general partner; it has no authority or power to act outside of
that role.  The General Partner has three members -- Comcast
Owner, JTA Sports, Inc. -- "Rockets Owner" -- and Astros HRSN GP
Holdings LLC -- "Astros Owner".

Counsel for the petitioning creditors are:

Howard M. Shapiro, Esq.
Craig Goldblatt, Esq.
Jonathan Paikin, Esq.
WILMER CUTLER PICKERING HALE AND DORR LLP
1875 Pennsylvania Ave., N.W.
Washington, D.C. 20006
Tel: (202) 663-6000

     - and -

George W. Shuster, Jr., Esq.
WILMER CUTLER PICKERING HALE AND DORR LLP
7 World Trade Center
250 Greenwich Street
New York, NY 10007
Tel: (212) 230-8800

     - and -

Vincent P. Slusher, Esq.
Andrew Zollinger, Esq.
DLA PIPER
1717 Main Street, Suite 4600
Dallas, TX 75201-4629
Tel: (214) 743-4500

     - and -

Arthur J. Burke, Esq.
Timothy Graulich, Esq.
Dana M. Seshens, Esq.
DAVIS POLK & WARDWELL LLP
450 Lexington Avenue
New York, NY 10017
Tel: (212) 450-4000


ICEWEB INC: Consummates Acquisition of CTC
------------------------------------------
IceWEB, Inc., has completed its acquisition of Computers and Tele-
Comm, Inc. and KC-NAP, LLC of Kansas City.

On Oct. 1, 2013, IceWEB entered into a share exchange agreement by
and among the Company, Computers and Tele-Comm., Inc., KC NAP,
LLC, the stockholders of CTCI, and Streamside Partners, LLC,
pursuant to which the Company purchased all of the outstanding
common stock of CTCI and the outstanding membership interests in
KC NAP, in exchange for 9,568,400 shares of the Company's $0.001
par value common stock.  Concurrently, and as part of the share
exchange agreement, the Company issued shares to retire an
outstanding debt owing by CTCI to Streamside Partners, LLC, which
totaled $155,000, and other debts of CTCI totaling $267,823, in
exchange for 13,485,799 shares of our $0.001 par value common
stock.  As a result of the Share Exchange, the Company is now the
holding company of CTCI and the Company now operates a company in
the business of operating data centers and providing Information
Technology services.

"We are thrilled to announce that we have completed the
acquisition of CTC in Kansas City," said Rob Howe, CEO of IceWEB.
"With this acquisition, IceWEB has become a full-fledged Cloud
Services provider that operates a Network Access Point, a full
service data center, and provides broadband internet services via
fibre and via the largest wireless ISP network in the metro Kansas
City, Missouri area.

"In addition to the exceptional human and physical resources of
CTC, we have now added to IceWEB some 300 high-quality commercial
customers, most providing recurring revenue.  Firms like American
Century Investments, Crown Center, Dairy Farmers of America,
Hallmark, Holiday Inn, JE Dunn, Marriott, The White House
Communications Agency, and Sheraton join our portfolio.  Our
existing IceWEB customers and our new prospects will now be able
to avail themselves of either an la carte or a full turnkey set
of cloud solutions with top-tier capabilities at highly
competitive pricing," Howe said.

"Additionally, our pipeline of high-quality corporate, carrier and
datacenter locations seeking to purchase advanced connectivity and
dark fiber services is growing steadily.  This is an important new
day for IceWEB's customers and shareholders," Howe said.

In conjunction with the acquisition, the Company entered into a
lease agreement with Agility Ventures, LLC, in the principal
amount of $1,417,672 which is secured by all of the assets of
IceWEB.  The note has a term of 36 months and bears interest at 15
percent per annum.  The Company also issued Agility Ventures
1,000,000 shares of IceWEB restricted common stock, and a Series T
common stock warrant covering a total of 3,675,000 shares with a
term of two years and a conversion price of $0.055 per share.

A full-text copy of the Form 8-K is available for free at:

                        http://is.gd/vn9col

                            About IceWEB

Sterling, Va.-based IceWEB, Inc., manufactures and markets
purpose-built appliances, network and cloud-attached storage
solutions and delivers on-line cloud computing application
services.  The Company's customer base includes U.S. government
agencies, enterprise companies, and small to medium sized
businesses (SMB).

D'Arelli Pruzansky, P.A., in Boca Raton, Florida, expressed
substantial doubt about IceWEB's ability to continue as a going
concern.  The independent auditors noted that the Company had net
losses of $6,485,048 for the year ended Sept. 30, 2012.

The Company reported a net loss of $6.5 million on $2.6 million of
sales in fiscal 2012, compared with a net loss of $4.7 million on
$2.7 million of sales in fiscal 2011.  The Company's balance sheet
at June 30, 2013, showed $1 million in total assets, $2.74 million
in total liabilities and a $1.73 million total stockholders'
deficit.


iGPS COMPANY: Nov. 14 Hearing on Confirmation of Chapter 11 Plan
----------------------------------------------------------------
Pallet Company LLC, formerly iGPS Company LLC, filed with the U.S.
Bankruptcy Court for the District of Delaware a Second Disclosure
Statement explaining the Chapter 11 Plan dated Oct. 1, 2013.

The Debtor related that by order dated Oct. 1, the Court approved
the Disclosure Statement relating to the Chapter 11 Plan proposed
by the Debtor and the Official Committee of Unsecured Creditors.

The Court will convene a hearing to approve the Plan on Nov. 14,
at 2 p.m.  Written ballots accepting or rejecting the Plan are due
Nov. 7, at 4 p.m.

The changes in the Disclosure Statement include, among other
things, the addition of certain words in the key elements of the
Plan.

On Sept. 24, the Debtor and the Committee filed an Amended
Disclosure Statement explaining the Plan that is built around
these key elements:

   -- On the Effective Date, the authority, power and incumbency
of the Debtor will terminate, and vest in the Liquidation Trustee,
and all remaining assets of the Debtor will become assets of the
Liquidation Trust.

   -- The Liquidation Trustee will, among other things, (i) be
authorized to take all steps necessary to wind down the affairs of
the Debtor, (ii) have the power and authority to hold, manage,
sell and distribute the assets of the Liquidation Trust to the
holders of Allowed Claims, (iii) hold the assets of the
Liquidation Trust for the benefit of the holders of Allowed
Claims, (iv) have the power and authority to hold, manage, sell
and distribute Cash or non-Cash assets of the Liquidation Trust
obtained through the exercise of its power and authority, (v) have
the power and authority to prosecute and resolve, in the name of
the Debtor and the name of the Liquidation Trustee, the Estate's
Avoidance Actions and Causes of Action, (vi) have the power and
authority to object to Claims and otherwise reconcile all
Claims against the Debtor, (vii) have the power and authority to
perform other functions as are provided in the Plan and (viii)
have the power and authority to administer the closure of the
Chapter 11 Case.

   -- On the Effective Date, the Oversight Committee will be
formed, consisting of three members selected by the Committee, as
reasonably acceptable to the Debtor, and will oversee the
implementation and administration of the Liquidation Trust
and the Plan.

   -- Allowed Priority Claims and Allowed Non-Lender Secured
Claims are unimpaired under the Plan, and holders of such claims
will be paid in full.

   -- Allowed Unsecured Claims are impaired under the Plan, and
holders of claims will receive their Pro Rata Share of the
Available Proceeds, which is defined as, at any time, the amount
of Cash on hand in the Liquidation Trust on and after the
Effective Date, excluding amounts sufficient to pay in Cash and in
full all (i) Allowed Non-Lender Secured Claims, Allowed
Administrative Claims, Allowed Tax Claims and Allowed Priority
Claims and (ii) Liquidation Trust Expenses.

   -- Allowed Equity Interests are impaired under the Plan, and
holders of such Equity Interests will neither receive nor retain
any property under the Plan on account of such Equity Interests.

Copies of the Amended Disclosure Statements are available for free
at http://bankrupt.com/misc/IGPS_COMPANY_ds_2plan.pdf
http://bankrupt.com/misc/IGPS_COMPANY_ds_amended.pdf

                          About iGPS Co.

iGPS Company LLC filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 13-11459) on June 4, 2013, to sell its assets to a
group led by Balmoral Funds LLC, absent higher and better offers.

iGPS Company -- http://www.igps.net-- is the first and only
plastic pallet pooling rental and leasing company in the U.S. It
offers plastic pallets with embedded radio frequency
identification (RFID) tags.  Founded in 2006, the company is
headquartered in Orlando, Florida, and has a sales and innovation
center in Bentonville, Arkansas.

The Debtor estimated $100 million to $500 million in assets and
liabilities in its Chapter 11 petition.

According to the board resolution authorizing the bankruptcy,
Pegasus IGPS LLC owns 12.55% of the company; iGPS Co-Investment
LLC owns 18.75%; Kia VIII (iGPS Sub), LLC owns 30.74%; and KIA
VIII iGPS Blocker, LLC, owns 12.27%.

John H. Strock, Esq., and L. John Bird, Esq., at Fox Rothschild
LLP, in Wilmington, Delaware; and John K. Cunningham, Esq.,
Richard S. Kebrdle, Esq., Kevin M. McGill, Esq., Fan B. He, Esq.,
at White & Case LLP, in Miami, Florida, also represent the Debtor.

The Plan filed in the Debtor's case proposes to transfer to a
liquidation trust all of the remaining assets of the Debtor.
Under the Plan, Priority Claims (Class 1) and Non-Lender Secured
Claims (Class 2) are unimpaired and will recover 100% of the
allowed claim amount.  Unsecured Claims (Class 3) are impaired and
will receive its pro rata share of the available proceeds.  Equity
Interests (Class 4) are also impaired and will be canceled on the
effective date.

The Official Committee of Unsecured Creditors is represented by
the law firm of McKenna Long & Aldridge LLP, as its counsel, and
Cole, Schotz, Meisel, Forman & Leonard, P.A., as its Delaware
counsel.  The Committee tapped to retain Emerald Capital Advisors
as its financial advisors.

iGPS received court approval in July to sell the business largely
in exchange for secured debt and filed the liquidating plan based
on a settlement negotiated between the lenders and the unsecured
creditors' committee.

iGPS Logistics LLC, an entity established by the lenders, bought
the business for $2.5 million cash and a commitment to pay all
priority tax claims and claims by workers fired without required
notice.  The lenders agreed to waive their claims.  The buyers are
Balmoral Funds LLC, One Equity Partners LLC, and Jeff and Robert
Liebesman. They purchased the $148.8 million working-capital loan
shortly before bankruptcy.

In September 2013, the Court authorized the Debtor to change its
name to "Pallet Company LLC."


INFUSYSTEM HOLDINGS: Receives Contract Offers for Infusion Pumps
----------------------------------------------------------------
InfuSystem Holdings, Inc., has received offers to provide external
infusion pumps and supplies in all nine of the Metropolitan
Statistical Areas put out to bid by The Centers for Medicine &
Medicaid Services.

The MSAs include: Charlotte, Cincinnati, Cleveland, Dallas, Kansas
City, Orlando, Miami, Pittsburgh, and Riverside (CA).

"While these nine MSAs selected by CMS only represent
approximately 1% of our Company's current revenues, we are
extremely pleased that our winning bids were in line with and some
cases exceeded our expectations," stated InfuSystem chief
executive officer Eric Steen.  "It says a great deal about the
quality of the entire InfuSystem team and our understanding of the
changing national medical care environment."

Mr. Steen also reaffirmed that the Company's recent guidance of
high single digit revenue growth in 2014 has not changed.  "We
continue to believe that competitive bidding will create
opportunities for those companies that are efficient enough to
capitalize on them.  InfuSystem offers the most cost-effective
model to deliver infusion therapy at home as an extension of in-
clinic infusion therapy.  The Affordable Care Act ensures that
this market will continue to expand, especially for treatment of
multiple therapies and disease states."

                      About InfuSystem Holdings

InfuSystem Holdings, Inc., operates through operating
subsidiaries, including InfuSystem, Inc., and First Biomedical,
Inc.  InfuSystem provides infusion pumps and related services.
InfuSystem provides services to hospitals, oncology practices and
facilities and other alternate site healthcare providers.
Headquartered in Madison Heights, Michigan, InfuSystem delivers
local, field-based customer support, and also operates pump
service and repair Centers of Excellence in Michigan, Kansas,
California, and Ontario, Canada.

Infusystem Holdings disclosed a net loss of $1.48 million in 2012,
as compared with a net loss of $45.44 million in 2011.  As of
June 30, 2013, the Company had $75.75 million in total assets,
$34.94 million in total liabilities and $40.80 million in
total stockholders' equity.


INSIGHT GLOBAL: Moody's Affirms B1 CFR & Cuts 1st Lien Debt to B1
-----------------------------------------------------------------
Moody's Investors Service affirmed IG Investments Holdings, LLC's
(the entity that indirectly owns Insight Global, LLC --
collectively referred to as "Insight Global") B1 Corporate Family
Rating ("CFR") and B1-PD Probability of Default Rating ("PDR")
following the planned $130 million add-on to the existing first
lien senior secured term loan. The ratings for the first lien
senior secured credit facility, consisting of a $60 million
revolving credit facility due 2017 and a $428 million term loan
due 2019 (upsized from $298 million), were lowered to B1 from Ba3.
The rating outlook remains stable.

Proceeds from the proposed $130 million add-on first lien term
loan will be used to pay down the company's existing $130 million
second lien term loan due 2020.

The affirmation of Insight Global's B1 CFR reflects Moody's view
that the proposed transaction is leverage neutral and while pro
forma interest expense will be lower resulting in stronger
coverage and cash flow metrics, the company's credit profile will
not change materially.

The lowered ratings for the existing first lien secured debt
instruments reflect its expected lower recovery value in a default
scenario due to the much larger share of first lien secured debt
in the company's capitalization going forward and the elimination
of debt cushion provided by the second lien facility, which is
consistent with the application of Moody's Loss Given Default
("LGD") methodology.

The following summarizes the rating activity for IG Investments
Holding, LLC:

Rating affirmed:

  Corporate Family Rating at B1

  Probability of Default Rating at B1-PD

Ratings lowered:

  $60 million first lien senior secured revolving credit facility
  due 2017 to B1 (LGD3, 49%) from Ba3 (LGD3, 35%)

  $428 million first lien senior secured term loan due 2019
  (upsized from $298 million) to B1 (LGD3, 49%) from Ba3 (LGD3,
  35%)

Ratings to be withdrawn at transaction closing:

  $130 million second lien senior secured term loan due 2020 at
  B3 (LGD5, 88%)

The rating outlook is stable.

The B1 rating on the first lien secured credit facility reflects
both the B1-PD Probability of Default Rating and a loss given
default assessment of LGD 3 (49%). The proposed amendment results
in an all first lien bank capital structure as compared to the
previous first lien/second lien bank debt structure. However,
given the covenant light nature of the credit agreement, we
continue to expect an average overall recovery rate of 50% in a
default scenario, which is consistent with Moody's Loss Given
Default Methodology.

Ratings Rationale

Insight Global's B1 corporate family rating reflects its high
leverage as measured by debt to EBITDA of about 5.6 times
(incorporating Moody's standard analytical adjustments, including
capitalization of operating leases) for the LTM period ended June
30, 2013, as well as expectations for continued improvement in
credit metrics such that leverage declines towards 5.0 times and
EBITDA less capex coverage of interest approaches 2.5 times over
the near to medium term. The rating also considers that working
capital needs will likely constrain cash flow generation such that
deleveraging will primarily have to come from earnings growth. The
rating further reflects the company's relatively modest scale
within the fragmented staffing industry, some customer
concentration, and exposure to cyclical temporary staffing trends.
Positive ratings consideration is given to the company's
demonstrated ability to meaningfully grow sales/earnings despite
soft macro economic conditions, favorable demand trends in the
information technology segment of the staffing industry, good
execution of new office locations, potential growth opportunities
with new and existing clients, and the material equity capital
maintained by the sponsor.
The stable outlook reflects Moody's expectation that Insight
Global will sustain meaningful revenue growth, maintain its
operating margins, and generate positive free cash flow that is
applied to debt reduction.

The ratings could be upgraded if Insight Global maintains top line
momentum and sustains its operating margins such that debt to
EBITDA is reduced below 3.5 times, EBITDA less capex to interest
exceeds 3.0 times, and free cash flow as a percentage of debt
exceeds 8%. An upgrade would also require that the company
demonstrate commitment to conservative financial policies.
Moody's could downgrade the ratings if Insight Global's revenue
and earnings do not materially grow as is expected such that
leverage remains above 5.5 times near-term. The ratings could also
be downgraded if EBITDA less capex to interest falls below 2.0
times and/or free cash flow turns negative. Shareholder friendly
policies could also pressure the ratings.

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.

Insight Global, headquartered in Atlanta, Georgia, is a
specialized provider of temporary and project professionals in the
field of information technology. The company is private and is
owned by affiliates of Ares Management.


INTELLICELL BIOSCIENCES: Incurs $3.9 Million Net Loss in Q2
-----------------------------------------------------------
Intellicell BioSciences Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $3.91 million on $0 of revenues for the three months
ended June 30, 2013, as compared with net income of $11 million on
$6,769 of revenues for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $4.97 million on $0 of revenues as compared with net
income of $1.53 million on $18,869 of revenues for the same period
a year ago.

The Company's balance sheet at June 30, 2013, showed $3.70 million
in total assets, $10.57 million in total liabilities and a $6.86
million total stockholders' deficit.

                           Going Concern

"The Company has incurred losses since inception resulting in an
accumulated deficit of $35,790,853 and a working capital deficit
of $10,425,905 as of June 30, 2013, respectively.  Further losses
are anticipated in the continued development of its business,
raising substantial doubt about the Company's ability to continue
as a going concern.  The ability to continue as a going concern is
dependent upon the Company generating profitable operations in the
future and/or to obtain the necessary financing to meet its
obligations and repay its liabilities arising from normal business
operations when they come due.  Management intends to finance
operating costs over the next twelve months with a private
placements of common stock or other debt or equity securities.
There can be no assurance that we will be able to obtain further
financing, do so on reasonable terms, or do so on terms that would
not substantially dilute our current stockholders' equity
interests in us.  If we are unable to raise additional funds on a
timely basis, or at all, we probably will not be able to continue
as a going concern."

A copy of the Form 10-Q is available for free at:

                        http://is.gd/trNIzu

                   About Intellicell Biosciences

Intellicell BioSciences, Inc., headquartered in New York, N.Y.,
was formed on Aug. 13, 2010, under the name "Regen Biosciences,
Inc." as a pioneering regenerative medicine company to develop and
commercialize regenerative medical technologies in large markets
with unmet clinical needs.  On Feb. 17, 2011, the company changed
its name from "Regen Biosciences, Inc." to "IntelliCell
BioSciences Inc".  To date, IntelliCell has developed proprietary
technologies that allow for the efficient and reproducible
separation of stromal vascular fraction (branded
"IntelliCell(TM)") containing adipose stem cells that can be
performed in tissue processing centers and in doctors' offices.

Intellicell disclosed a net loss of $4.15 million on $534,942 of
revenues for the year ended Dec. 31, 2012, as compared with a net
loss of $32.83 million on $99,192 of revenues during the prior
year.

In their report dated Sept. 13, 2013, Rosen Seymour Shapss Martin
& Company LLP stated that the Company's financial statements for
the fiscal years ended Dec. 31, 2012, and 2011, were prepared
assuming that the Company would continue as a going concern.  The
Company's ability to continue as a going concern is an issue
raised as a result of the Company's recurring losses from
operations and its net capital deficiency.  The Company continues
to experience net operating losses.  The Company's ability to
continue as a going concern is subject to its ability to generate
a profit.


KBI BIOPHARMA: Files Bankruptcy to Assist Owner's Plan
------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that KBI Biopharma Properties LLC, the
owner of commercial real estate in Durham, North Carolina, sought
bankruptcy protection to implement a jointly proposed plan with
owner Howard Frank Auman Jr., who filed a personal bankruptcy this
year.

According to the report, the company owns about 28 acres, which
has four buildings, with about 305,000 square feet of rentable
space, court papers show.  The space was originally built in 1985
by Mitsubishi to build microchips, and has been converted to be
used by life science companies.  Some portions would need to be
renovated before being usable.  The rented space is occupied by
two biopharmaceutical development companies, KBI Biopharma Inc.,
which used to own the debtor, and BioMerieux Inc., according to
court documents.

The report notes that after a sale fell through that would have
let Mr. Auman pay creditors in his individual bankruptcy, it was
decided that KBI Biopharma Properties would be put into Chapter 11
"to allow for it to restructure its debt obligations and generate
additional funds to assist the individual debtor," Mr. Auman, "in
being able to properly market and sell his other assets," the
company said in its disclosure statement, which describes the
reorganization plan.

The report relates that the company and its owner plan to sell
assets and collect rent from the property prior to possibly
selling it as well, and it's projected that all creditors will be
paid in full with interest following the liquidation.  Mr. Auman
believes enough proceeds will be generated from the sales that he
will get a distribution, according to court documents.  Under the
plan, PNL Durham LP which holds a secured claim of about $11.5
million against the company, backed by the property, would be paid
over six years with a 20-year amortization bearing 8.5 percent
interest, according to court papers.

The report discloses that the primary asset to be liquidated is
stock owned by Mr. Auman, either directly or through another
company he owns, in KBI Biopharma Corp., court papers show.  The
biopharmaceutical company is owned by venture capitalists that
have restrictions on the sale of the stock.  The owners intend to
take the company to the public market in three to five years.  Mr.
Auman and the court-appointed examiner in his personal bankruptcy
estimate that "the stock in this company has a legitimate
opportunity to be sold for an amount that will be sufficient to
pay all debt obligations owed in the individual case, as well as
the LLC debtor's case."  The company has requested that its case
be jointly administered with its owner's individual case.

The case is In re KBI Biopharma Properties LLC, 13-11304, U.S.
Bankruptcy Court, Middle District of North Carolina (Greensboro).


KEMET CORP: Presented at Deutsche Bank Conference
-------------------------------------------------
William M. Lowe, Jr., executive vice president and chief financial
officer, of KEMET Corporation, presented to investors at Deutsche
Bank Leverage Finance Conference on Oct. 1, 2013, in Scottsdale,
Arizona.  The slide package prepared by the Company for use in
connection with this presentation is available for free at:

                        http://is.gd/7N1Fxf

                            About KEMET

KEMET, based in Greenville, South Carolina, is a manufacturer and
supplier of passive electronic components, specializing in
tantalum, multilayer ceramic, film, solid aluminum, electrolytic,
and paper capacitors.  KEMET's common stock is listed on the NYSE
under the symbol "KEM."

As of June 30, 2013, the Company had $881.17 million in total
assets, $636.80 million in total liabilities and $244.36 million
in total stockholders' equity.

                            *     *     *

As reported by the TCR on March 26, 2013, Moody's Investors
Service downgraded KEMET Corp.'s Corporate Family Rating to Caa1
from B2 and the Probability of Default Rating to Caa1-PD from B2-
PD based on Moody's expectation that KEMET's liquidity will be
pressured by maturing liabilities and negative free cash flow due
to the interest burden and continued operating losses at the Film
and Electrolytic segment.

As reported by the TCR on Aug. 9, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on Simpsonville,
S.C.-based KEMET Corp. to 'B-' from 'B+'.

"The downgrade is based on continued top-line and margin pressures
and lagging results from the restructuring of the Film &
Electrolytic [F&E] business, which combined with cyclical weak
end-market demand, has resulted in sustained, elevated leverage
well in excess of 5x, persistent negative FOCF, and diminishing
liquidity," said Standard & Poor's credit analyst Alfred
Bonfantini.


KIWIBOX.COM INC: Completes Acquisition of Interscholz for $1.3MM
----------------------------------------------------------------
Kiwibox.com, Inc., closed the Equity Purchase Agreement and
acquired interscholz Internet Services GmbH and Co. KG, a German
limited liability company, and all of the equity of its general
partner, interscholz Beteiligungs GmbH from Andre Scholz, the
president and chief executive officer of Company.  Legal title to
the equity of Interscholz was transferred to Company's wholly-
owned German subsidiary, KWICK! Community GmbH and Co. KG, also a
party to the Acquisition Agreement.

Pursuant to the terms of the Acquisition Agreement, the Company,
through its subsidiary, KWICK!, acquired all of Seller's right,
title and interest in and to all of the assets and properties,
tangible and intangible, owned, held or used in connection with
Interscholz's internet and telecommunications business, located in
the Town of Leonberg in the Federal Republic of Germany.  Pursuant
to the Acquisition Agreement, the Company is obligated to pay the
purchase price of 1 million Euros, or approximately $1,350,000
U.S. dollars, on or before Nov. 15, 2013.

Interscholz Internet Services GmbH Co. KG was founded by Andre
Scholz in 1996 as a traditional Internet service provider based in
Stuttgart, Germany.  Beginning in 2001, Interscholz became a Class
3 licensed German telecommunication carrier, permitting
Interscholz to engage in the commercial transmission carrier
business in the region of Leonberg, Germany.  In 2002, Interscholz
established its headquarters in Leonberg, Germany, and in 2006
purchased a commercial building to where it moved its operations.

Interscholz offers internet services to approximately 1,000
business customers.  Interscholz offers nation-wide internet
access in Germany via xDSL and fibre connections, with more than
200 network peerings at different Exchange Points, maintaining
relationships with various local and international internet
service providers.  In the Leonberg, Germany region, Interscholz
manages its own fiber optic and copper network connections with
bandwidths ranging from 5 Mbits to 10 Gbits, permitting business
customers wide bandwidth data connections.

In addition, Interscholz owns and operates multiple data centers
in the regions of Leonberg and Stuttgart with a capacity of up to
5000 Servers, covering a total area of over 650 square meters.
All data centers are connected with multiple redundant 10 Gbit/s
lines to guarantee network availability for Cloud Services,
Platform Virtualization and Datacenter Failover Services.
Standard web hosting, domain-and email services and international
MPLS VPN Networks are running and managed on approximately 100
Interscholz-owned servers and routers.

Interscholz has four full-time and 1 part-time employees at its
Leonberg headquarters.

                          About Kiwibox.com

New York-based Kiwibox.com, Inc., acquired in the beginning of
2011 Pixunity.de, a photoblog community and launched a U.S.
version of this community in the summer of 2011.  Effective
July 1, 2011, Kiwibox.com, Inc., became the owner of Kwick! -- a
top social network community based in Germany.  Kiwibox.com shares
are freely traded on the bulletin board under the symbol KIWB.OB.

Kiwibox.com disclosed a net loss of $14.01 million on $1.46
million of total net sales for the year ended Dec. 31, 2012, as
compared with a net loss of $5.90 million on $599,615 of total net
sales during the prior year.  The Company's balance sheet at
June 30, 2013, showed $3.16 million in total assets, $24.13
million in total liabilities, all current, and a $20.96 million
total stockholders' impairment.

Rosenberg Rich Baker Berman & Company, in Somerset, 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's revenues are
insufficient to finance the business, and the Company is entirely
dependent on the continuation of funding from outside investors.
These conditions raise substantial doubt about its ability to
continue as a going concern.


LAKELAND INDUSTRIES: Borrows C$1MM From Business Development Bank
-----------------------------------------------------------------
Lakeland Protective Real Estate, Inc., a subsidiary of Lakeland
Industries, Inc., closed on a loan arrangement with Business
Development Bank of Canada for a secured term loan in the amount
of C$1,100,000 Canadian dollars (approximately US$1,063,933).  The
maturity date of the loan is Oct. 23, 2033.  The per annum
interest rate on the loan is fixed at 6.45 percent through
Aug. 23, 2018, and is subject to adjustment thereafter.
Commencing Nov. 23, 2013, and through Aug. 23, 2018, the Borrower
will be obligated to make monthly payments of $8,168.96, which
amount is inclusive of principal and interest.

At its option, Lakeland Protective may, once in any 12 month
period, prepay up to 15 percent of the then outstanding Loan
Amount without penalties or fees payable to the Lender provided
that the loan is not in default.  In addition to the Annual
Prepayment, the Borrower may prepay at any time all or a part of
the then outstanding Loan Amount, subject to a prepayment fee
equal to three months interest on the principal amount being
prepaid calculated at the fixed interest rate then in effect, plus
any Interest Differential Charge.

The Borrower's repayment of the Loan Amount is secured by a
security interest in substantially all of the assets of the
Borrower, including, without limitation, the Borrower's Canadian
warehouse, pursuant to a general security agreement entered into
concurrently with the Loan Agreement.

                    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.

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.  The Company's balance sheet at July 31, 2013,
showed $86 million in total assets, $35.38 million in total
liabilities and $50.62 million in total stockholders' equity.


LANDAUER HEALTHCARE: Seeks OK of LMI DME Management Services Deal
-----------------------------------------------------------------
Landauer Healthcare Holdings, Inc., et al., ask the U.S.
Bankruptcy Court for the District of Delaware for authorization to
enter into, and to perform their obligations under a management
services agreement with LMI DME Holdings LLC.

The principal terms of the management agreement provide that the
manager will provide experienced and qualified personnel to assist
and support the Debtors' business, including without limitation:
(i) durable medical equipment sales, rental and marketing efforts,
including the management of existing contracts with third parties,
(ii) patient third party payor and other billings and collections;
(iii) business operations, purchasing, product delivery and
logistics; (v) human resources; (vi) cash management, and
management of accounts payable, subject to the final cash
collateral order and any subsequent order approving use of cash
collateral by the Debtors; and (vii) strategic planning and
completing preparatory tasks for the transition, integration and
migration of the Debtors' business into LMI DME's ongoing
operations following the effective date of any plan.

The services provided by LMI DME under the management agreement
will be performed at no cost or charge to the Debtors, provided
that nothing will obligate LMI DME to incur any expense to any
third party.

The Debtor relates that at the hearing to consider approval of the
sale agreement for the sale of substantially all of the Debtors'
assets to LMI DME, no qualified bids were received prior to the
auction.  Accordingly, pursuant to the bid procedures order, the
auction was canceled.

In this relation, the sale hearing has been adjourned by agreement
of the Debtors, the Official Committee of Unsecured Creditors and
LMI DME to afford the parties an opportunity to attempt to
formulate a mutually agreeable proposed Chapter 11 Plan as an
alternative to the transaction contemplated by the sale agreement.

                       About Landauer Healthcare

Home medical equipment provider Landauer Healthcare Holdings,
Inc., sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
13-12098) on Aug. 16, 2013, with a deal to sell all assets to
Quadrant Management Inc. for $22 million, absent higher and better
offers.

The Company has 32 operating locations, with 50% of inventory
concentrated in Mount Vernon, New York; Great Neck, New York;
Warwick, Rhode Island; and Philadelphia, Pennsylvania. Landauer,
which derives revenues by reimbursement from insurers, Medicare
and Medicaid, reported net revenues of $128.5 million in fiscal
year ended March 31, 2013.

Landauer disclosed $2,978,495 in assets and $53,636,751 in
liabilities as of the Chapter 11 filing.

Michael R. Nestor, Esq., Matthew B. Lunn, Esq., and Justin H.
Rucki, Esq., at Young Conaway Stargatt & Taylor, LLP; and John A.
Bicks, Esq., Charles A. Dale III, Esq., and Mackenzie L. Shea,
Esq., at K&L Gates LLP, serve as the Debtor's counsel.  Carl Marks
Advisory Group serves as the Debtor's financial advisors, and Epiq
Systems as claims and notice agent.

The Court approved bidding procedures to govern the sale of the
Debtors' assets.  Quadrant Management, Inc., or its designee, as
stalking horse bidder, acquired all of the $29 million in secured
debt and was primed to make an offer to buy the business in
exchange for debt.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
five members to the official committee of unsecured creditors in
the Chapter 11 cases.  The Committee retained Landis Rath & Cobb
LLP as counsel.  Deloitte Financial Advisory Services LLP serves
as its financial advisor.


LEVEL 3: Borrows Add'l $1.2BB Under Existing Term Loan Facility
---------------------------------------------------------------
Level 3 Financing, Inc., a wholly owned subsidiary of Level 3
Communications, Inc., entered into an eighth amendment agreement
to the Existing Credit Agreement to incur $1,200,000,000 in
aggregate borrowings under the Existing Credit Agreement through
an add-on to Level 3 Financing's Tranche B 2020 Term Loan.  The
net proceeds of the New Add On Loan were used to pre-pay the
Company's $1,200,000,000 Tranche B-II 2019 Term Loan under the
Existing Credit Agreement.  As a result of the incurrence of the
New Add On Loan and the pre-payment of the Tranche B-II 2019 Term
Loan, the total aggregate principal amount of the loans under the
Restated Credit Agreement remains $2,610,500,000.  Since the New
Add On Loan is part of the Tranche B 2020 Term Loan, it matures on
Jan. 15, 2020.  The New Add On Loan was priced to lenders at par,
with the payment to the lenders of an upfront 25 basis point fee
at closing.

The New Add On Loan has an interest rate, in the case of any ABR
Borrowing, equal to (a) the greater of (i) the Prime Rate in
effect on that day, (ii) the Federal Funds Effective Rate in
effect on such day plus 1/2 of 1 percent and (iii) the sum of (A)
the higher of (x) the LIBO Rate for a one month interest period on
such day and (y) 1.0 percent, plus (B) 1.0 percent, plus (b) 2.0
percent per annum.  In the case of any Eurodollar Borrowing, the
New Add On Loan bears interest at the LIBO Rate for the interest
period for such borrowing plus 3.0 percent per annum.

The Company, as guarantor, Level 3 Financing, as borrower, Merrill
Lynch Capital Corporation, as Administrative Agent and Collateral
Agent, and certain other agents and certain lenders are party to
that certain Credit Agreement, dated as of March 13, 2007, as
amended and restated by that certain Seventh Amendment Agreement,
dated as of Aug. 16, 2013.  The Existing Credit Agreement as
further amended and restated by the Eighth Amendment Agreement is
referred to as the "Restated Credit Agreement."

Level 3 Financing's obligations under the New Add On Loan are,
subject to certain exceptions, secured by certain of the assets of
(i) the Company and (ii) certain of the Company's material
domestic subsidiaries which are engaged in the telecommunications
business and which were able to grant a lien on their assets
without regulatory approval.  The Company and certain of its
subsidiaries have also guaranteed the obligations of Level 3
Financing under the New Add On Loan.  Upon obtaining regulatory
approvals, Level 3 Communications, LLC, an indirect, wholly owned
subsidiary of the Company, and its material domestic subsidiaries
will guarantee and, subject to certain exceptions, pledge certain
of their assets to secure, the obligations under the New Add On
Loan.

In connection with the incurrence of the New Add On Loan and the
lending of the proceeds thereof by Level 3 Financing to Level 3
LLC, Level 3 Financing and Level 3 LLC entered into an Amended and
Restated Loan Proceeds Note with an initial principal amount of
$3,810,500,000.

A copy of the Eighth Amendment is available for free at:

                         http://is.gd/S9FkU7

                    About Level 3 Communications

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

As of June 30, 2013, showed $12.86 billion in total assets, $11.75
billion in total liabilities and $1.11 billion total stockholders'
equity.

                           *     *     *

In October 2012, Fitch Ratings affirmed the 'B' Issuer Default
Ratings (IDRs) assigned to Level 3.  LVLT's ratings recognize, in
part, the de-leveraging of the company's balance sheet resulting
from its acquisition of Global Crossing Limited (GLBC).

As reported by the TCR on June 5, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Broomfield, Colo.-
based global telecommunications provider Level 3 Communications
Inc. to 'B' from 'B-'.  "The upgrade reflects improved debt
leverage, initially from the acquisition of the lower-leveraged
Global Crossing in October 2011, and subsequently from realization
of the bulk of what the company expects to eventually be $300
million of annual operating synergies," said Standard & Poor's
credit analyst Richard Siderman.


LIGHTSQUARED INC: Asks Court to Deny Rival Plans' Disclosures
-------------------------------------------------------------
LightSquared Inc. asks U.S. Bankruptcy Judge Shelley Chapman to
deny the disclosure statements filed by proponents of rival plans,
saying they do not provide enough information for creditors to
decide on whether to support their proposed plans.

Harbinger Capital Partners LLC, Mast Capital Management LLC and a
group of secured lenders in August sought approval of the outline
of their plans, which call for either the restructuring of
LightSquared or the sale of the wireless-satellite company's
assets.

In an Oct. 4 filing, LightSquared said each of the disclosure
statements "does not contain sufficient information that would
allow holders of eligible claims or equity interests to make
informed decisions about whether to vote to accept or reject the
plans."

LightSquared said the plan proposed by the lenders group
contemplates a possible alternative sale for the so-called "LP
assets" but the outline of the plan doesn't explain how such sale
can be conducted.

The company also questioned the group's proposal to "substantively
consolidate the LP debtors' estates" without basis and without
providing an analysis of its possible implications to the
stakeholders.

LightSquared, meanwhile, criticized the plan outline filed by Mast
Capital, saying it does not have enough information regarding the
implications to the success of Mast Capital's proposed plan or the
credit-bid sale of One Dot Six Corp.'s assets if the court grants
the causes of action in the revised proposed complaint brought by
the lenders group.

With regards to Harbinger's disclosure statement, LightSquared
complained that the plan outline doesn't have a detailed
description of the financing facility that will be provided when
the company officially exits bankruptcy.

The Harbinger plan contemplates the reorganization of LightSquared
and its affiliated debtors rather than a sale of their assets.  To
continue their operations, an exit facility will be provided as of
the effective date of the plan.  Harbinger disclosed the estimated
amount of the exit facility but did not provide a detailed
description of the terms and conditions of the financing.

                      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.


LONE PINE: Voluntary Chapter 15 Case Summary
--------------------------------------------
Chapter 15 Petitioner: Lone Pine Resources Canada Ltd.

Chapter 15 Debtor: Lone Pine Resources Inc.
                   110, 640 -- 5th Avenue S.W.
                   Calgary, AB T2P 3G4

Chapter 15 Case No.: 13-12487

Chapter 15 Petition Date: September 25, 2013

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Brendan Linehan Shannon

Chapter 15 Debtor's Counsel: Steven M. Abramowitz, Esq.
                             VINSON & ELKINS LLP
                             666 Fifth Avenue, 26th Floor
                             New York, NY 10103-0040
                             Tel: 212-237-0137
                             Fax: 917-849-5381
                             Email: sabramowitz@velaw.com

                             Mark D. Collins, Esq.
                             RICHARDS, LAYTON & FINGER, P.A.
                             One Rodney Square
                             920 North King Street
                             Wilmington, DE 19801
                             Tel: 302 651-7700
                             Fax: 302-651-7701
                             Email: collins@RLF.com

                             Rebecca L. Petereit, Esq.
                             VINSON & ELKINS LLP
                             Trammell Crow Center
                             2001 Ross Avenue, Suite 3700
                             Dallas, TX 75201-2975
                             Tel: 214-220-7802
                             Fax: 214-999-7802
                             Email: rpetereit@velaw.com

Chapter 15
Petitioner's Counsel:        Lee E. Kaufman, Esq.
                             RICHARDS, LAYTON & FINGER, P.A.
                             920 North King Street
                             One Rodney Square
                             Wilmington, DE 19801
                             Tel: 302-651-7582
                             Fax: 302-651-7701
                             Email: kaufman@rlf.com

                             Amanda R. Steele, Esq.
                             RICHARDS, LAYTON AND FINGER
                             920 N. King Street
                             Wilmington, DE 19801
                             Tel: 302-651-7838
                             Fax: 302-428-7838
                             Email: steele@rlf.com

Total Assets: $72.21 million

Total Debts: $1.06 million

Affiliates filing separate Chapter 15 petitions on Sept. 25:

          Entity                        Case No.
          ------                        --------
   Lone Pine Resources Canada Ltd.      13-12488
   Wiser Delaware LLC                   13-12489
   Wiser Oil Delaware, LLC              13-12490
   Lone Pine Resources (Holdings) Inc.  13-12491


LONGVIEW POWER: Kirkland & Ellis Approved as Bankruptcy Counsel
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Longview Power, LLC, et al., to employ Kirkland & Ellis LLP as
counsel.

In separate orders, the Court also authorized the Debtor to employ
Donlin Recano as its administrative advisor, and Richards, Layton
& Finger, P.A. as co-counsel.

                       About Longview Power

Longview Power LLC is a special purpose entity created to
construct, own, and operate a 695 MW supercritical pulverized
coal-fired power plant located in Maidsville, West Virginia, just
south of the Pennsylvania border and approximately 70 miles south
of Pittsburgh.  The project is owned 92% by First Reserve
Corporation (First Reserve or sponsor), a private equity firm
specializing in energy industry investments, through its affiliate
GenPower Holdings (Delaware), L.P., and 8% by minority interests.

Longview Power, LLC, filed a Chapter 11 (Bank. D. Del. Lead Case.
13-12211) on Aug. 30, 2013.  The petitions were signed by Jeffery
L. Keffer, the Company's chief executive officer, president,
treasurer and secretary.  The Debtor estimated assets and debts of
more than $1 billion.  Judge Brendan Linehan Shannon presides over
the case.  Kirkland & Ellis LLP and Richards, Layton & Finger,
P.A., serve as the Debtors' counsel.  Lazard Freres & Company LLC
acts as the Debtors' investment bankers.  Alvarez & Marsal North
America, LLC, is the Debtors' restructuring advisors.  Ernst &
Young serves as the Debtors' accountants.  The Debtors' claims
agent is Donlin, Recano & Co. Inc.

Roberta A. DeAngelis, U.S. Trustee for Region 3, disclosed that as
of September 11, 2013, a committee of unsecured creditors has not
been appointed in the bankruptcy case of Longview Power LLC due to
insufficient response to the U.S. Trustee's communication/contact
for service on the committee.


LONGVIEW POWER: Lazard Freres Okayed as Investment Banker
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Longview Power, LLC, et al., to employ Lazard Freres & Co. LLC, as
investment banker and financial advisor.

As reported in the Troubled Company Reporter on Sept. 18, 2013,
Lazard will advise and assist the Debtors in, among other things:

* reviewing and analyzing the Debtors' business, operations, and
  Financial projections;

* evaluating the Debtors' potential debt capacity in light of
  their projected cash flows;

* assisting in the determination of a capital structure for the
  Debtors;

* assisting in the determination of a range of values for the
  Debtors on a going concern basis, including in connection with
  the preparation and filing of any disclosure statement for a
  Chapter 11 plan of reorganization; and

* advising the Debtors on tactics and strategies for negotiating
  with their Stakeholders.

The Debtors will pay Lazard a monthly fee of $175,000 on the first
day of each month (commencing September 1, 2013) until the earlier
of the completion of the Restructuring or the termination of the
Engagement Letter.  $75,000 of each Monthly Fee paid will be
credited (without duplication) against any Restructuring Fee
subsequently payable, provided that such credit will only apply to
the extent that such fees are approved in their entirety by the
Court, if applicable.

The Debtors will also pay Lazard a fee equal to $5 million upon
the consummation of a Restructuring.  The Debtors will reimburse
Lazard for all reasonable expenses incurred.

Timothy R. Pohl, a managing director at Lazard, attests that his
firm is a "disinterested person" within the meaning of Section
101(14) of the Bankruptcy Code, as required by Section 327(a), and
does not hold or represent an interest materially adverse to the
Debtors or the Chapter 11 estates.

                       About Longview Power

Longview Power LLC is a special purpose entity created to
construct, own, and operate a 695 MW supercritical pulverized
coal-fired power plant located in Maidsville, West Virginia, just
south of the Pennsylvania border and approximately 70 miles south
of Pittsburgh.  The project is owned 92% by First Reserve
Corporation (First Reserve or sponsor), a private equity firm
specializing in energy industry investments, through its affiliate
GenPower Holdings (Delaware), L.P., and 8% by minority interests.

Longview Power, LLC, filed a Chapter 11 (Bank. D. Del. Lead Case.
13-12211) on Aug. 30, 2013.  The petitions were signed by Jeffery
L. Keffer, the Company's chief executive officer, president,
treasurer and secretary.  The Debtor estimated assets and debts of
more than $1 billion.  Judge Brendan Linehan Shannon presides over
the case.  Kirkland & Ellis LLP and Richards, Layton & Finger,
P.A., serve as the Debtors' counsel.  Lazard Freres & Company LLC
acts as the Debtors' investment bankers.  Alvarez & Marsal North
America, LLC, is the Debtors' restructuring advisors.  Ernst &
Young serves as the Debtors' accountants.  The Debtors' claims
agent is Donlin, Recano & Co. Inc.

Roberta A. DeAngelis, U.S. Trustee for Region 3, disclosed that as
of September 11, 2013, a committee of unsecured creditors has not
been appointed in the bankruptcy case of Longview Power LLC due to
insufficient response to the U.S. Trustee's communication/contact
for service on the committee.


LONGVIEW POWER: May Implement Non-Insiders Incentive Programs
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized,
on a final basis, Longview Power, LLC, et al., to:

   a) pay prepetition employee wages, salaried, other
      compensation, and reimbursable expenses;

   b) continue ordinary course incentive programs for non-
      insiders; and

   c) continue employee benefits programs.

The Court, in its order, stated that the Debtors will not pay any
employee more than $12,450 on account of unpaid compensation or
paid time off that is accrued but unpaid as of the Petition Date
or reimburse GenPower Services more than $12,450 on account of
Unpaid Compensation or Paid Time Off that is accrued but unpaid as
of the Petition date with respect to any one employee.

                       About Longview Power

Longview Power LLC is a special purpose entity created to
construct, own, and operate a 695 MW supercritical pulverized
coal-fired power plant located in Maidsville, West Virginia, just
south of the Pennsylvania border and approximately 70 miles south
of Pittsburgh.  The project is owned 92% by First Reserve
Corporation (First Reserve or sponsor), a private equity firm
specializing in energy industry investments, through its affiliate
GenPower Holdings (Delaware), L.P., and 8% by minority interests.

Longview Power, LLC, filed a Chapter 11 (Bank. D. Del. Lead Case.
13-12211) on Aug. 30, 2013.  The petitions were signed by Jeffery
L. Keffer, the Company's chief executive officer, president,
treasurer and secretary.  The Debtor estimated assets and debts of
more than $1 billion.  Judge Brendan Linehan Shannon presides over
the case.  Kirkland & Ellis LLP and Richards, Layton & Finger,
P.A., serve as the Debtors' counsel.  Lazard Freres & Company LLC
acts as the Debtors' investment bankers.  Alvarez & Marsal North
America, LLC, is the Debtors' restructuring advisors.  Ernst &
Young serves as the Debtors' accountants.  The Debtors' claims
agent is Donlin, Recano & Co. Inc.

Roberta A. DeAngelis, U.S. Trustee for Region 3, disclosed that as
of September 11, 2013, a committee of unsecured creditors has not
been appointed in the bankruptcy case of Longview Power LLC due to
insufficient response to the U.S. Trustee's communication/contact
for service on the committee.


LONGVIEW POWER: May Pay $1.6+ Mil. in Critical Vendor Claims
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized,
on a final basis, Longview Power, LLC, et al., to pay certain
prepetition claims of critical vendors, provided, that, the
payment will not exceed $1.6 million in the aggregate unless
otherwise ordered by the Court after notice and a hearing.

Longview Power LLC is a special purpose entity created to
construct, own, and operate a 695 MW supercritical pulverized
coal-fired power plant located in Maidsville, West Virginia, just
south of the Pennsylvania border and approximately 70 miles south
of Pittsburgh.  The project is owned 92% by First Reserve
Corporation (First Reserve or sponsor), a private equity firm
specializing in energy industry investments, through its affiliate
GenPower Holdings (Delaware), L.P., and 8% by minority interests.

Longview Power, LLC, filed a Chapter 11 (Bank. D. Del. Lead Case.
13-12211) on Aug. 30, 2013.  The petitions were signed by Jeffery
L. Keffer, the Company's chief executive officer, president,
treasurer and secretary.  The Debtor estimated assets and debts of
more than $1 billion.  Judge Brendan Linehan Shannon presides over
the case.  Kirkland & Ellis LLP and Richards, Layton & Finger,
P.A., serve as the Debtors' counsel.  Lazard Freres & Company LLC
acts as the Debtors' investment bankers.  Alvarez & Marsal North
America, LLC, is the Debtors' restructuring advisors.  Ernst &
Young serves as the Debtors' accountants.  The Debtors' claims
agent is Donlin, Recano & Co. Inc.

Roberta A. DeAngelis, U.S. Trustee for Region 3, disclosed that as
of September 11, 2013, a committee of unsecured creditors has not
been appointed in the bankruptcy case of Longview Power LLC due to
insufficient response to the U.S. Trustee's communication/contact
for service on the committee.


LUCID INC: Issues 2.1 Million Warrants to H.C. Wainwright
---------------------------------------------------------
In connection with a strategic advisory agreement, Lucid, Inc.,
issued warrants to H.C. Wainwright & Co. and certain of its
officers and employees to purchase up to an aggregate of 2,125,000
shares of Caliber I.D.'s common stock.

The Warrants are exercisable at a price of $1.00 per share and
expire on March 30, 2019.  The exercisability of these Warrants
will vest as follows:

   1. 1/3 effective on Sept. 30, 2013.

   2. Until fully vested so long as the Agreement has not been
      terminated prior to that date, 1/3 upon each of (i) a
      capital raise of at least $4,000,000, (ii) strategic
      partnership, (iii) the six months and one day anniversary of
      the Initial Exercise Date and (iv) the 12 month anniversary
      of the date of the Initial Exercise Date.

   3. Automatic 100 percent vesting in the event of (a) a sale of
      the Company (by merger or a sale of substantially all
      assets) prior to termination of the Agreement or (b) a
      transaction resulting in a change in greater than 33 percent
      of the existing outstanding equity securities of the
      Company.

Lucid entered into the Agreement with H.C. Wainwright & Co., LLC,
designed to benefit the growth of Caliber I.D. as it continues to
develop its business through a variety of channels.

                          About Lucid Inc.

Rochester, N.Y.-based Lucid, Inc., is a medical device company
that designs, manufactures and sells non-invasive cellular imaging
devices enabling physicians to image and diagnose skin disease in
real time without an invasive or surgical biopsy.

The Company's balance sheet at June 30, 2013, showed $4.86 million
in total assets, $14.77 million in total liabilities, and a
stockholders' deficit of $9.91 million.

"The Company will need to raise additional capital in the fourth
quarter of 2013 and beyond, and such capital may not be available
at that time or on favorable terms, if at all.  The Company may
seek to raise these funds through public or private equity
offerings, debt financings, credit facilities, or partnering or
other corporate collaborations and licensing arrangements.  If
adequate funds are not available or are not available on
acceptable terms, the Company's ability to fund its operations,
take advantage of opportunities, develop products and
technologies, and otherwise respond to competitive pressures could
be significantly delayed or limited, and operations may need to be
downsized or halted.

"There can be no assurance that the Company will be successful in
its plans described above or in attracting alternative debt or
equity financing.  These conditions have raised substantial doubt
about the Company's ability to continue as a going concern," the
Company said in its quarterly report for the period ended June 30,
2013.


MADISON HOTEL: Plan Order Modified to Correct Scrivener's Error
---------------------------------------------------------------
On Sept. 24, 2013, the U.S. Bankruptcy Court for the Southern
District of New York entered an order approving the motion of 62
Madison Lender, LLC, to modify the order confirming the Second
Modified Third Amended Plan Of Reorganization for Madison Hotel,
LLC, or, alternatively, to extend the deadline for submitting
documentation in support of post-confirmation fees, expenses and
interest.

The following language contained in paragraph 61 of the
Confirmation Order:

     "Not later than thirty days after the conclusion of the Hotel
Property auction, . . ." will be deleted and replaced with the
following language:

     "Not later than thirty days after the Hotel Property sale
closing, . . ."

As reported in the TCR on Sept. 18, 2013, 62 Madison Lender asked
the Bankruptcy Court to modify the confirmation order, and by
extension the Plan, to correct a scrivener's error in the
confirmation order concerning the deadline for the Plan Proponent
to serve the required parties with documentation in support of the
legal fees, expenses, and interest that have accrued under its
claim during the "supplemental period."

Alternatively, if the Court concludes that the confirmation order
could not be modified to correct the mistake, the Plan Proponent
requested that the deadline for it to submit documentation in
support of the accrued and accruing legal fees and interest to
Sept. 27, 2013, and, thereafter, to serve a final supplemental
request for legal fees, expenses and accrued interest as of the
date of the hotel property sale closing within thirty days after
that closing.

62 Madison Lender said that, although the Plan's Effective Date
has occurred and several significant implementing steps have been
taken, the Plan will not be substantially consummated until the
closing of the hotel property sale and distribution of net sale
proceeds to creditors in satisfaction of their claims per the
Plan, and those events have not yet occurred.

A copy of the Confirmation Order is available at:

         http://bankrupt.com/misc/madisonhotel.doc218.pdf

                       About Madison Hotel

Madison Hotel LLC is the owner and operator of "The MAve Hotel", a
boutique hotel located at 62 Madison Avenue, New York. The hotel
is 12 floors and has 72 rooms. Madison Hotel Owners, LLC, owns
100% of the membership interests of Madison Hotel, LLC.  They
estimate the value of the hotel property at $32 million.

Prepetition, after a building loan with Textron Financial
Corporation went into arrears, a foreclosure action was commenced,
and a receiver appointed.   The receiver continued to operate the
hotel postpetition.

Madison Hotel, LLC, based in New York, filed for Chapter 11
bankruptcy (Bankr. S.D.N.Y. Case No. 11-12560) on May 27, 2011.
Judge Martin Glenn presides over the case.  Mark A. Frankel, Esq.,
at Backenroth Frankel & Krinsky, LLP, serves as bankruptcy
counsel.  In its schedules, the Debtor disclosed $33.6 million in
assets and $26.1 million in liabilities as of the Chapter 11
filing.

Madison Hotel Owners LLC filed its own chapter 11 petition,
separate from Madison Hotel LLC's case, on May 16, 2011.

To date, an unsecured creditors committee has not been appointed
in Madison Hotel LLC's case.

The Bankruptcy Court confirmed on May 8, 2013, the Second Modified
Third Amended Plan of Reorganization for Madison Hotel, LLC, dated
Nov. 9, 2012, submitted by lender 62 Madison Lender, LLC.  The
Effective Date of the Plan occurred on May 23, 2013.

The Plan contemplates the sale of the Debtor's Hotel Property with
the net proceeds realized upon the consummation of any such sale
being distributed in accordance with the terms of the Plan.


MCCLATCHY CO: Larry Edgar Rejoins McClatchy as Controller
---------------------------------------------------------
Larry Edgar will rejoin The McClatchy Company as corporate
controller, the same position Mr. Edgar held from 2005 to 2008.
He replaces Hai Nguyen, who resigned earlier this month to become
chief financial officer for another Northern California-based
company.

Mr. Edgar, 42, first joined McClatchy's corporate finance
department in 1998 as an accounting supervisor.  In 2000, he was
promoted to assistant controller and was named controller in 2005.
Edgar left McClatchy in 2008 to become managing partner of Edgar &
Associates, a family-owned business that provides tax and
accounting services.

"Larry has been looking for opportunities to re-enter the
corporate world so we're thrilled to welcome him back to
McClatchy," said Elaine Lintecum, McClatchy's CFO.  "Larry led the
finance and accounting team through the 2006 Knight Ridder
acquisition, McClatchy's largest transaction.  He was involved in
the complex purchase accounting around the transaction and was
responsible for integrating many of the business operations and
finance functions of the two companies.  He is an accomplished
accountant and a proven leader who knows our company well and
appreciates our values.  I expect he'll pick right up where he
left off - as a great controller for McClatchy."

"For the past five years, I've watched from afar as McClatchy has
continued its transformation into a modern media company with an
exciting future," Mr. Edgar said.  "I'm ready to roll up my
sleeves, get to work with some old friends and new colleagues and
be part of that future."

                    About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is the third largest newspaper
company in the United States, publishing 30 daily newspapers, 43
non-dailies, and direct marketing and direct mail operations.
McClatchy also operates leading local Web sites in each of its
markets which extend its audience reach.  The Web sites offer
users comprehensive news and information, advertising, e-commerce
and other services.  Together with its newspapers and direct
marketing products, these interactive operations make McClatchy
the leading local media company in each of its premium high growth
markets.  McClatchy-owned newspapers include The Miami Herald, The
Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City
Star, The Charlotte Observer, and The News & Observer (Raleigh).

The McClatchy incurred a net loss of $144,000 in 2012, as compared
with net income of $54.38 million in 2011.  The Company's balance
sheet at March 31, 2013, showed $2.84 billion in total assets,
$2.81 billion in total liabilities,  and $32.83 million in
stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

McClatchy Co. carries a 'B-' Corporate Credit Rating from
Standard & Poor's Ratings Services.


MINT LEASING: Amends 70 Million Shares Prospectus
-------------------------------------------------
The Mint Leasing, Inc., amended its registration statement
relating to the sale of 70,000,000 shares of the Company's common
stock.  The public offering price will be $[   ] per share.  If
fully subscribed the Company anticipates receiving $[   ] in total
proceeds from this offering prior to deducting expenses associated
with the offering, which the Company anticipates totaling
approximately $90,000.

The Company's common stock is currently listed on the OTCQB market
maintained by OTC Markets Group Inc. under the symbol "MLES."  On
Oct. 2, 2013, the last reported sale price of the Company's common
stock as reported on the OTCQB was $0.01 per share.

Any funds that the Company raises from its offering will be
immediately available for the Company's use and will not be
returned to investors.  The Company does not have any arrangements
to place the funds received from the Company's offering of
70,000,000 shares of common stock in an escrow, trust or similar
account.

The Company amended the Registration Statement to delay its
effective date until the Company will file a further amendment
which specifically states that this Registration Statement will
thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the Registration Statement will
become effective as the Commission, acting pursuant to said
Section 8(a), may determine.

A copy of the Form S-1/A is available for free at:

                        http://is.gd/76hTQC

                        About Mint Leasing

Houston, Texas-based The Mint Leasing, Inc., is in the business of
leasing automobiles and fleet vehicles throughout the United
States.

In its report on the consolidated financial statements for the
year ended Dec. 31, 2012, M&K CPAS, PLLC, in Houston, Texas,
expressed substantial doubt about Mint Leasing's ability to
continue as a going concern.  The independent auditors noted that
Mint Leasing has a significant amount of debt due within the next
12 months, and may not be successful in obtaining renewals or
renegotiating its loans.

The Company reported a net loss of $238,969 on $10.0 million of
revenues in 2012, compared with a net loss of $1.6 million on
$10.8 million of revenues in 2011.  The Company's balance sheet at
June 30, 2013, showed $20.74 million in total assets, $21.83
million in total liabilities and a $1.09 million total
stockholders' deficit.


MOBILESMITH INC: Sells $150,000 New Convertible Note
----------------------------------------------------
MobileSmith, Inc., sold an additional convertible secured
subordinated note due Nov. 14, 2016, in the principal amount of
$150,000 to a current noteholder.  The Company is obligated to pay
interest on the New Note at an annualized rate of 8 percent
payable in quarterly instalments commencing Jan. 1, 2014.  As with
the Existing Notes, the Company is not permitted to prepay the New
Note without approval of the holders of at least a majority of the
aggregate principal amount of the Notes then outstanding.

The Company plans to use the proceeds to meet ongoing working
capital and capital spending requirements.

                   J. Campbell Elected as Director

On Sept. 26, 2013, the Company's Board of Directors elected Jon
Campbell, age 51, as a member of the Board.

Mr. Campbell is currently serving as president and chief executive
officer of Wilarah LLC, an international consulting firm focused
on business development and change management both within the U.S.
government and private industry.  Prior to this, Mr. Campbell
served in the U.S. Army for over 26 years, retiring at the rank of
Colonel.

In May 2013, Mr. Campbell and the Company entered into an
arrangement for Mr. Campbell to promote and market certain of the
Company's products and services to its customers for 5 percent
commission on the software license portion of a sale and 5 percent
of gross profit for the services and custom development portion of
a sale.  The Company has not paid, and does not expect to pay, any
compensation to Mr. Campbell under this arrangement during its
one-year term, which is subject to successive yearly renewals.

For his service as a director, Mr. Campbell will receive a monthly
fee in the amount of $1,500.  Mr. Campbell will also be able to
participate in the Company's 2004 Equity Compensation Plan.  At
the time of his appointment, Mr. Campbell received no equity
compensation.

                      About MobileSmith Inc.

MobileSmith, Inc. (formerly, Smart Online, Inc.) was incorporated
in the State of Delaware in 1993.  The Company changed its name to
MobileSmith, Inc., effective July 1, 2013.  The Company develops
and markets software products and services tailored to users of
mobile devices.  The Company's flagship product is The
MobileSmithTM Platform.  The MobileSmithTM Platform is an
innovative, patents pending mobile app development platform that
enables organizations to rapidly create, deploy, and manage
custom, native smartphone apps deliverable across iOS and Android
mobile platforms.

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 June 30, 2013, showed $1.52 million
in total assets, $31.12 million in total liabilities and a $29.59
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.


MONARCH COMMUNITY: Raises $16.5 Million in Investor Funds
---------------------------------------------------------
Monarch Community Bancorp, Inc., the parent company of Monarch
Community Bank, has successfully raised $16.5 million in investor
funds which will be used to purchase approximately 8,250,000
shares of Monarch Community Bancorp's newly issued common stock at
$2.00 per share.  The funds will remain in escrow pending the
completion of all documentation associated with the Company's
retirement of U.S. Department of Treasury TARP obligations and the
closing of the transaction, which is expected to conclude in the
next 30 to 45 days.

"We are very gratified at the response of the investment
community," stated Richard J. DeVries, president and CEO of
Monarch Community Bancorp and Monarch Community Bank, "and are
most appreciative of the leadership provided by our investment
bankers at the firms of Donnelly Penman & Partners and Boenning &
Scattergood, Inc."

Funds will be used to recapitalize Monarch Community Bank, to
retire approximately $8.2 million in U.S. Department of Treasury
TARP obligations for approximately $4.4 million, and to support
the ongoing growth of the bank.

The Bank also announced a corporate restructuring that will
streamline the organization, enhance loan production capacity and
result in approximately $1.3 million in annualized expense
reductions.  Approximately $1.0 million of these reductions will
be generated through reduced personnel expense.  "These are
difficult decisions to make and to implement," stated DeVries,
"but they will allow us to operate with an expense structure that
will be more in line with our peer banks across the state of
Michigan."

                       About Monarch Community

Coldwater, Michigan-based Monarch Community Bancorp, Inc., was
incorporated in March 2002 under Maryland law to hold all of the
common stock of Monarch Community Bank, formerly known as Branch
County Federal Savings and Loan Association.  The Bank converted
to a stock savings institution effective Aug. 29, 2002.  In
connection with the conversion, the Company sold 2,314,375 shares
of its common stock in a subscription offering.

The Corporation reported a net loss of $353,000 in 2012 as
compared with a net loss of $353,000 in 2011.  As of June 30,
2013, the Corporation had $185.72 million in total assets, $176.73
million in total liabilities and $8.98 million in total
stockholders' equity.

Plante & Moran, PLLC, in Grand Rapids, Michigan, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Corporation has suffered recurring losses from operations
and as of Dec. 31, 2012, did not meet the minimum capital
requirements as established by its regulators, which raises
substantial doubt about the Corporation's ability to continue as a
going concern.


MONTREAL MAINE: Bid to Appoint Creditors Panel Withdrawn
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Maine, in a minute
entry for the hearing held Oct. 1, 2013, said it will take the
motion to appoint s Creditors' Committee in the Chapter 11 case of
Montreal Maine & Atlantic Railway, Ltd. under advisement.

A document filed on Sept. 27 by representatives of the probate
estates of 42 victims, indicated that the Wrongful Death Claimants
have withdrawn their motion to appoint a Creditors' Committee.

At the preliminary hearing on the Motion held on Sept. 13, the
Court indicated that it was unlikely to grant the motion and
suggested that victims of the disaster consider participating in
the case through unofficial committees.  Accepting the Court's
suggestion, the legal representatives of 42 of those killed in the
Disaster agreed to work together in the case as the Unofficial
Committee of Wrongful Death Claimants.

The Wrongful Death Committee is represented by George W. Kurr,
Jr., Esq., at Gross, Minsky & Mogul, P.A.; and Daniel C. Cohn,
Esq., at Murtha Cullina LLP.

                        About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as
his chapter 11 bankruptcy counsel.  Development Specialists, Inc.,
serves as his financial advisor.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana serves as counsel
to MM&A.

Justice Martin Castonguay oversees the case in Canada.


MORGANS HOTEL: Amends 2012 Annual Report
----------------------------------------
Morgans Hotel Group Co. filed an amendment to its annual report on
Form 10K/A for the fiscal year ended Dec. 31, 2012, originally
filed with the Securities and Exchange Commission on March 6,
2013, as amended, to correct an error in Part III, Item 10 of the
report, in the section entitled "Section 16(a) Beneficial
Ownership Reporting Compliance."  A copy of the Form 10-K/A is
available for free at http://is.gd/t4blWW

                     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 June 30, 2013, showed $580.67
million in total assets, $744.32 million in total liabilities,
$6.04 million in redeemable noncontrolling interest and a
$169.70 million total stockholders' deficit.


MORGANS HOTEL: Issues 439,310 Common Shares to NorthStar
--------------------------------------------------------
Morgans Hotel Group Co. issued 439,310 shares of common stock, par
value $0.01 per share, to NorthStar Capital Investment Corp., in
exchange for 439,310 non-managing member units in Morgans Group
LLC.  The Non-Managing Member Units were tendered to the Company
for redemption in accordance with the terms and provisions of the
Amended and Restated Limited Liability Company Agreement of
Morgans Group LLC, as amended.

The Common Stock was issued in a private transaction exempt from
registration pursuant to Section 4(a)(2) of the Securities Act of
1933, as amended.  This issuance, combined with the previous
issuance of 439,309 shares of Common Stock on Sept. 27, 2013,
brings the total number of shares issued to NorthStar Capital
Investment Corp. upon redemption of Non-Managing Member Units to
878,619 shares.  These 878,619 shares are included in the 954,065
shares, the resale of which is registered pursuant to the
Company's Registration Statement on Form S-3 filed on Sept. 4,
2013 and the Prospectus Supplement, dated Sept. 25, 2013.

                     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 June 30, 2013, showed $580.67
million in total assets, $744.32 million in total liabilities,
$6.04 million in redeemable noncontrolling interest and a
$169.70 million total stockholders' deficit.


MOUNTAIN VIEW FINANCIAL: Voluntary Chapter 11 Case Summary
----------------------------------------------------------
Debtor: Mountain View Financial LLC
        607 Blaker Drive
        East Greenville, Pa 18041

Case No.: 13-04915

Chapter 11 Petition Date: September 25, 2013

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Wilkes-Barre)

Judge: Hon. John J. Thomas

Debtor's Counsel: Pro Se

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $100,000 to $500,000

The petition was signed by Wayne Pocius, manager.

Mountain View Financial did not file a list of its largest
unsecured creditors when it filed the petition.


MPVC INC: Signs Option Agreement with CanAlaska Uranium
-------------------------------------------------------
MPVC Inc. on Oct. 4 disclosed that it has signed an option
agreement with CanAlaska Uranium Ltd. dated September 25, 2013, to
acquire up to an 80% interest in a uranium exploration property
located in northwest Manitoba.  The property covers approximately
143,603 hectares and is made up of three licenses (MEL-236B, MEL-
166B, and MEL-247B) located along the Saskatchewan/Manitoba
border.  The licenses are located approximately 90 kilometres
northeast of the McClean Lake uranium deposit.  The Property lies
within the Wollaston Domain trend, which hosts a number of uranium
deposits including, Cigar Lake, Rabbit Lake, Eagle Point, McClean
Lake, Midwest Lake and McArthur River.  These are some of the
richest uranium deposits in the world.

This proposed transaction is an arm's length transaction.
CanAlaska is a public company incorporated under the laws of the
Province of British Columbia and its common shares are listed for
trading on the Toronto Stock Exchange.

                         Option Agreement

Under the terms of the Option Agreement, MPVC can earn up to an
80% interest in the Property by carrying out a three-stage $11.6
million exploration program.  The first stage allows MPVC to
obtain a 50% interest by making a non-refundable cash deposit of
$35,000 and by issuing 2,250,000 common shares at a deemed price
of $0.10 per share, 1,000,000 common share purchase warrants with
an exercise price of $0.10 for a term of one year and 1,250,000
common share purchase warrants with an exercise price of $0.25 for
a term of two years, on or before November 30, 2013.  MPVC must
incur $600,000 in exploration expenditures on or before March 21,
2014, and an additional 2,250,000 common shares are to be issued
at a deemed price in accordance with TSX Venture Exchange (the
"Exchange") pricing policies, on or before June 1, 2014.  A
further $2,600,000 in exploration expenditures must be incurred by
MPVC on or before June 1, 2015.

The second stage allows MPVC to increase its interest in the
Property to 70% by issuing 2,500,000 common shares and 1,250,000
common share purchase warrants, priced at the time in accordance
with Exchange policies, and incurring $2,800,000 in exploration
expenditures within a period determined in accordance with the
Option Agreement.

The third, and final, stage allows MPVC to increase its interest
in the Property to 80% by issuing a further 5,000,000 common
shares and 2,500,000 common share purchase warrants, priced at the
time in accordance with Exchange policies, and spending a further
$5,600,000 in exploration expenditures within a period determined
in accordance with the Option Agreement.

MPVC and CanAlaska have also agreed to form a joint venture once
MPVC completes the third stage, or elects not to proceed further
after having completed the first or second stage.  A royalty
provision is also included in the agreement.  This provision
allows either MPVC or CanAlaska to acquire a 2% "yellowcake"
royalty if either of MPVC or CanAlaska's participating interest in
the joint venture is diluted below 15%, then such party's interest
will automatically convert to a 2% royalty on uranium oxide or any
other minerals mined and sold from the Property and the joint
venture shall be terminated.  MPVC has also agreed to pay a
finder's fee to an arm's length party for introduction of the
proposed transaction.

                        Private Placement

MPVC will be undertaking a non-brokered private placement to raise
gross proceeds of $1,250,000.  Under the private placement, MPVC
will be offering up to 6,250,000 units at a price of $0.20 per
unit, each unit consisting of one common share and one common
share purchase warrant.  Each warrant will entitle the holder to
purchase one common share of the Corporation at the price of $0.30
per share on or before the earlier of (i) one year following the
closing and (ii) the date occurring 15 business days from the date
the holder receives notice from the Company that the trading price
of the common shares has closed each day for a period of five
consecutive trading days at $0.75 per share or higher.  Up to a
10% cash commission or finder's fee will be paid to registered
dealers or qualified arm's length third parties assisting with the
financing.  The proceeds of this offering will be used for Phase
1of the work program to be finalized based on the updated
technical report, the initial cash payment under the Option
Agreement which is due on or before November 30, 2013, general and
administrative expenses and a minimum of $100,000 unallocated
working capital.

                        Board of Directors

MPVC also disclosed that, in conjunction with this transaction,
Chad Ulansky PGeo. will be joining the board of directors and will
also be appointed to the position of Vice-President Exploration.
Mr. Ulansky commenced his career over 20 years ago working for Dia
Met Minerals Ltd. on the project which yielded the Ekati diamond
mine. Since then he has led exploration programs in over 15
countries on four continents and is currently president of Cantex
Mine Development Corp., a junior mining exploration company listed
on the Exchange. Mr. Ulansky is a graduate of the University of
Cape Town.

Mr. Denis Hayes will also be appointed to the board of directors.
Mr. Hayes has been involved in every phase of the development and
finance of mineral exploration companies for over 30 years.  After
a distinguished career at a leading Canadian brokerage firm,
Mr. Hayes continues to conceptualize, finance and manage
successful exploration companies.  Mr. Hayes is currently a
director of Brigadier Gold Limited.

As previously disclosed, Mr. Gennen McDowall was recently
appointed to the board of directors and as non-executive Chairman
of the Board.  Mr. Gennen McDowall is a geophysicist with over 30
years international mining exploration experience, including
extensive work in the identification and exploration for uranium
deposits worldwide.  Mr. McDowall holds a first class honors
degree in Geophysics from the University of British Columbia.  He
has worked for both major and junior companies focused on the
exploration for uranium, diamonds, base and precious metals.  He
also has experience in corporate governance and administration
through his work with a number of publicly listed junior mining
companies.

From January 2010 to December 2012 he was a director of Goldstone
Resources and in November 2010 he was appointed the non-executive
Chairman of Goldstone Resources, an AIM listed company exploring
for gold in West Africa.  From June 2006 to June 2008 he was the
President and Chief Executive Officer of Xemplar Energy Corp, an
Exchange-listed company exploring for uranium in Namibia.  His
responsibilities at Xemplar included the development and direction
of Xemplar's uranium exploration program. During this time with
Xemplar he participated in the raising of some $25 million by way
of private placements.

The Corporation also proposes to grant stock options to directors
and officers to acquire up to a total of 1.7 million common shares
at an exercise price of $0.20 per share.

Grant Hall, President of MPVC, said: "We are very excited with
these new developments and having Gennen McDowall as our new
chairman and Chad Ulansky joining the board shortly we will be in
an excellent position considering their joint exploration
experience to advance our new Manitoba uranium project."

                           About MPVC

MPVC was incorporated on July 19, 2005, pursuant to the provisions
of the Canada Business Corporations Act.  It became a reporting
issuer on November 21, 2005, on issuance of a receipt for a final
prospectus prepared in accordance with Exchange Policy 2.4 Capital
Pool Companies.  The Corporation's common shares were initially
listed on the Exchange on or about November 25, 2005.  On
February 24, 2006, MPVC entered into a Share Exchange Agreement to
acquire all of the issued and outstanding shares of OneContact,
Inc., a private non-arm's length company in the call centre
business.  The Corporation intended to acquire additional call
center businesses and assets throughout North America with the
objective of maximizing shareholder value through consolidation,
implementation of common information technology and processes
coupled with experienced management, with the idea that the
aggregate capacity would enable MPVC to secure larger long-term
contracts served out of multiple facilities in North America and
benefit from improved margins commensurate with the larger scale
operations.  Completion of this acquisition on May 12, 2006,
constituted MPVC's Qualifying Transaction, as such term is defined
in Exchange Policy 2.4.

The consolidation of businesses proved difficult as the
Corporation was unable to raise sufficient funds as the equity
markets began to collapse.  The Corporation was able to continue
operating on existing cash resources until the end of 2008, when
it became necessary to sell the operating assets to avoid having
to declare bankruptcy.  Following the requisite shareholder
approval on December 15, 2008, the disposition of the
Corporation's assets was completed on December 24, 2008.  On
December 29 listing of MPVC's common shares was transferred to the
NEX exchange under the symbol OCI.H.

The Manitoba Securities Commission issued a cease trade order
against MPVC on May 12, 2009, for failure of the Corporation to
file annual audited financial statements and annual management's
discussion and analysis ("MD&A") for the year ended December 31,
2008.  This was followed by a cease trade order issued by the
British Columbia Securities Commission dated May 13, 2009, for the
same reasons.  A cease trade order was also issued by the Alberta
Securities Commission on August 12, 2009, for failure of the
Corporation to file annual audited financial statements, annual
MD&A and certification of annual filings for the year ended
December 31, 2008, as well as failure to file interim unaudited
financial statements, interim MD&A and certification of interim
filings for the interim period ended March 31, 2009.  The
Corporation was successful in obtaining an order for revocation of
these cease trade orders in February 2013.

As part of the process of bringing the Corporation into good
standing, an annual and special meeting of the shareholders was
held on May 9, 2013.  Shareholders at this meeting approved the
election of directors, the appointment of the auditor, approval of
a stock option plan and approval of amendments to the articles to,
among other things, consolidate the then issued and outstanding
common shares on the basis of one 'new' (consolidated) common
share for five 'old' (pre-consolidated) common shares.

MPVC made application to the NEX exchange for re-instatement to
trading and on June 7, 2013, the common shares resumed trading on
the NEX exchange on a post-consolidation basis, under the symbol
MVC.H.  The Corporation subsequently completed a private placement
for working capital effective August 30, 2013, and settled a total
of $248,058.63 in debt by the issuance of 4,961,173 common shares
to six individuals at a deemed price of $0.05 per share effective
September 9, 2013.  The Corporation has, over the past year,
reviewed several opportunities for a potential transaction which
could qualify the Corporation for reinstatement to trading on the
Exchange and was finally successful in signing the Option
Agreement.

MPVC will apply for an exemption from sponsorship requirements
pursuant to Exchange Policy 2.2 Sponsorship and Sponsorship
Requirements.  There is no assurance, however, that it will obtain
this exemption.  If the exemption from sponsorship is not obtained
it will be necessary for the Corporation to engage a sponsor.

Completion of the transaction is subject to a number of
conditions, including Exchange acceptance and disinterested
shareholder approval.  The transaction cannot close until the
required shareholder approval is obtained.  There can be no
assurance that the transaction will be completed as proposed or at
all.


MSR HOTELS: Judge Tosses Five Mile Claims vs. Paulson Executives
----------------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that a judge overseeing the bankruptcy of
MSR Hotels & Resorts Inc. threw out a lawsuit against Paulson &
Co. executives, rejecting claims by Five Mile Capital Partners
that the directors failed to get the highest value for
intellectual property.

According to the report, at an Oct. 1 hearing in Manhattan, U.S.
Bankruptcy Judge Sean H. Lane dismissed Five Mile's challenges of
alleged conflicts in the handling of assets in the bankruptcy of
the group of resorts that includes Miami's Doral golf course.
"Five Mile has made a practice of asserting some, frankly,
frivolous positions during the years of litigation in this court,"
the judge said at the hearing, according to a transcript.

The report notes that Five Mile sued Michael Barr, Daniel
Kamensky, Jonathan Shumaker and Mohsin Meghji, claiming they were
conflicted because they served as directors of MSR Hotels at the
same time they were directors of subsidiary companies that owned
the resort hotels, according to a complaint filed in April in New
York state court.  The case was transferred to the bankruptcy
court.  Five Mile was seeking damages of $59 million.

The report relates that Five Mile is a lender under a $50 million
mezzanine loan to an affiliate of MSR Hotels, which guaranteed the
debt.  MSR Hotels is one of a related group of companies that
owned and operated the resorts, and it separately owns resort
trademarks, logos and copyrights, according to the Five Mile
complaint.  The Five Mile lawsuit stemmed from the bankruptcy
filing in 2011 of five resorts owned by the Paulson hedge-fund
firm: the Grand Wailea in Hawaii, La Quinta and PGA West in
California, the Arizona Biltmore, the Claremont in California and
the Doral.

The report discloses that Doral was sold to Donald Trump and the
other four were sold to Government of Singapore Investment Corp.,
a sovereign wealth fund, for $1.5 billion.  "Five Mile has been a
nuisance to our clients and the courts and we're gratified for the
Court's decision," David Elsberg, a lawyer for the Paulson
directors, said in a statement.

                          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.


MUNICIPAL MORTGAGE: Expects to Resume Trading on OTC Market
-----------------------------------------------------------
Municipal Mortgage & Equity, LLC, entered into a settlement
agreement with the U.S. Securities and Exchange Commission that
resolved the administrative proceeding instituted by the SEC on
Sept. 18, 2013, to determine whether to suspend or revoke the
registration of the Company's common shares under Section 12(g) of
the Securities Exchange Act of 1934.  Pursuant to the settlement,
the SEC issued an order revoking registration of the Company's
common shares.

Once the Deregistration Order was effective, the Company was
eligible to re-register its common shares with the SEC.
Accordingly, the Company filed a Registration Statement on Form
8-A for its common shares which was effective immediately upon
filing.  As of the filing of the Company's Form 8-A, the Company's
common shares are once again registered under the Exchange Act
with the SEC.  As a result of the deregistration and subsequent
re-registration of the Company's common shares, the Company has
resolved the filing deficiencies that were the subject of the SEC
action.

Michael Falcone, chief executive officer of the Company, stated,
"We are pleased to have resolved the SEC matters and to put our
legacy filing deficiencies behind us and we are pleased that
trading in our shares will resume on Wednesday following the end
of the trading suspension on Tuesday evening at 11:59 p.m. Eastern
Time.  We appreciate the shareholder support provided to us over
the past several days and we look forward to moving forward to
create shareholder value."

The Company hosted a conference call on Oct. 1, 2013, to discuss
the resolution of the SEC administrative proceeding and to
describe the process of how the Company expects trading will
resume.

As of the close of trading Oct. 2, 2013, trading in the common
shares of Municipal Mortgage & Equity, LLC, had not yet resumed on
the OTC Link Market.  The Company continues to work with both the
Securities and Exchange Commission and the Financial Industry
Regulatory Authority to clear the final procedural hurdles
required to resume trading in the Company's common shares.
Following the conclusion of certain procedural actions by the SEC
and FINRA, the Company anticipates trading in its common shares
will resume under the Company's prior trading symbol, MMAB;
however the precise timing of the resumption of trading remains
uncertain.  In the interim the Company has received information
from certain broker-dealers that they have filed the required Form
211 with FINRA in anticipation of becoming market-makers in the
Company's common shares.  This is an important step in order to
reestablish a market in the Company's common shares and these
market-makers are awaiting the conclusion of these regulatory
steps so that they can begin trading.

Over the past two days the Company has worked steadily with the
SEC and FINRA in an effort to bring resolution to these final
procedural matters.  Based on the Company's most recent
discussions, the Company expects the SEC to provide the necessary
notice to FINRA and in turn the Company expects FINRA to allow its
common shares to resume trading once they receive SEC
notification.  The Company will continue to provide updates, as
appropriate, until trading resumes.

                     About Municipal Mortgage

Baltimore, Md.-based Municipal Mortgage & Equity, LLC (Pink
Sheets: MMAB) -- http://www.munimae.com/-- was organized in 1996
as a Delaware limited liability company and is classified as a
partnership for federal income tax purposes.

When the Company became a publicly traded company in 1996, it was
primarily engaged in originating, investing in and servicing tax-
exempt mortgage revenue bonds issued by state and local government
authorities to finance affordable multifamily housing
developments.  Since then, the Company made several acquisitions
that significantly expanded its business.  However, in 2008, due
to the financial crisis, the Company began contracting its
business.

The Company has sold, liquidated or closed down all of its
different businesses except for its bond investing activities and
certain assets and residual interests related to the businesses
and assets that the Company sold due to its liquidity issues.

The Company has a majority position in International Housing
Solutions S.a.r.l., a partnership that was formed to promote and
invest in affordable housing in overseas markets.  In addition, at
Dec. 31, 2010, the Company has an unfunded equity commitment of
$5.1 million, or 2.67% of total committed capital with respect to
its role as the general partner to the South Africa Workforce
Housing Fund SA I ("SA Fund").  The SA Fund was formed to invest
directly or indirectly in housing development projects and housing
sector companies in South Africa.  A portion of the funding of SA
Fund is participating debt provided by the United States Overseas
Private Investment Corporation, a federal government entity, and
the remainder is equity primarily invested by institutional and
large private investors.  The Company expects to continue this
business.

In the auditors' report accompanying the consolidated financial
statements for the year ended Dec. 31, 2011, KPMG LLP, in
Baltimore, Maryland, expressed substantial doubt about the
Company's ability to continue as a going concern.  The independent
auditors noted that the Company has been negatively impacted by
the deterioration of the capital markets and has liquidity issues
which have resulted in the Company having to sell assets and work
with its creditors to restructure or extend its debt arrangements.

The Company's balance sheet at June 30, 2013, showed $1.74 billion
in total assets, $1.06 billion in total liabilities and $679.70
million in total equity.


MUNICIPAL MORTGAGE: Resolution to Trading Delayed
-------------------------------------------------
Municipal Mortgage & Equity, LLC, has confirmed with both the U.S.
Securities and Exchange Commission and the Financial Industry
Regulatory Authority that the final procedural hurdles required to
resume trading in the Company's common shares are complete.  As a
result the Company expects FINRA to complete the removal of the
trading restriction on the Company's common shares which should be
effective October 4.  The Company has confirmed that it will
continue to trade under our prior trading symbol, MMAB, when
trading resumes.

Broker-dealers that intend to act as market-makers in the
Company's shares should file the requisite Form 211 with FINRA at
this time, if they have not already done so.  The Company expects
initial trading to be at a lower volume and at higher bid/ask
spreads relative to historical experience.  These conditions could
persist until enough broker-dealers have entered the market on
behalf of clients and pre-suspension market-making activities
resume at more traditional levels.  The Company believes that
trading will return to normal over the next month, but there can
be no assurances in this regard.

"We appreciate the patience shown by our shareholders and market-
makers throughout the past two weeks and we look forward to moving
forward and creating shareholder value.  The Company will not
provide further communications on this process unless something
changes in our expectation with regard to the resumption of
trading tomorrow," the Company said in a press release.

As of the open of trading today, Oct. 3, 2013, trading in the
common shares of Municipal Mortgage had not yet resumed on the OTC
Link Market.

                      About Municipal Mortgage

Baltimore, Md.-based Municipal Mortgage & Equity, LLC (Pink
Sheets: MMAB) -- http://www.munimae.com/-- was organized in 1996
as a Delaware limited liability company and is classified as a
partnership for federal income tax purposes.

When the Company became a publicly traded company in 1996, it was
primarily engaged in originating, investing in and servicing tax-
exempt mortgage revenue bonds issued by state and local government
authorities to finance affordable multifamily housing
developments.  Since then, the Company made several acquisitions
that significantly expanded its business.  However, in 2008, due
to the financial crisis, the Company began contracting its
business.

The Company has sold, liquidated or closed down all of its
different businesses except for its bond investing activities and
certain assets and residual interests related to the businesses
and assets that the Company sold due to its liquidity issues.

The Company has a majority position in International Housing
Solutions S.a.r.l., a partnership that was formed to promote and
invest in affordable housing in overseas markets.  In addition, at
Dec. 31, 2010, the Company has an unfunded equity commitment of
$5.1 million, or 2.67% of total committed capital with respect to
its role as the general partner to the South Africa Workforce
Housing Fund SA I ("SA Fund").  The SA Fund was formed to invest
directly or indirectly in housing development projects and housing
sector companies in South Africa.  A portion of the funding of SA
Fund is participating debt provided by the United States Overseas
Private Investment Corporation, a federal government entity, and
the remainder is equity primarily invested by institutional and
large private investors.  The Company expects to continue this
business.

In the auditors' report accompanying the consolidated financial
statements for the year ended Dec. 31, 2011, KPMG LLP, in
Baltimore, Maryland, expressed substantial doubt about the
Company's ability to continue as a going concern.  The independent
auditors noted that the Company has been negatively impacted by
the deterioration of the capital markets and has liquidity issues
which have resulted in the Company having to sell assets and work
with its creditors to restructure or extend its debt arrangements.

The Company's balance sheet at June 30, 2013, showed $1.74 billion
in total assets, $1.06 billion in total liabilities, and
$679.70 million in total equity.


MPG OFFICE: Extends Mortgage Loan Until January 9
-------------------------------------------------
MPG Office Trust, Inc., entered into an agreement to extend its
mortgage loan at KPMG Tower for an additional three months, to
Jan. 9, 2014.  As part of the extension, the Company repaid $17.5
million of principal and contributed $2.5 million to a leasing
reserve.

                      About MPG Office Trust

MPG Office Trust, Inc., fka Maguire Properties Inc. --
http://www.mpgoffice.com/-- owns and operates Class A office
properties in the Los Angeles central business district and is
primarily focused on owning and operating high-quality office
properties in the Southern California market.  MPG Office Trust is
a full-service real estate company with substantial in-house
expertise and resources in property management, marketing,
leasing, acquisitions, development and financing.

For the year ended Dec. 31, 2012, the Company reported net income
of $396.11 million, as compared with net income of $98.22 million
on $234.96 million of total revenue during the prior year.  As of
June 30, 2013, the Company had $1.28 billion in total assets,
$1.71 billion in total liabilities and a $437.26 million
total deficit.

In its Form 10-K filing with the Securities and Exchange
Commission for the fiscal year ended Dec. 31, 2012, the Company
said it is working to address challenges to its liquidity
position, particularly debt maturities, leasing costs and capital
expenditures.  The Company said, "We do not currently have
committed sources of cash adequate to fund all of our potential
needs, including our 2013 debt maturities.  If we are unable to
raise additional capital or sell assets, we may face challenges in
repaying, extending or refinancing our existing debt on favorable
terms or at all, and we may be forced to give back assets to the
relevant mortgage lenders.  While we believe that access to future
sources of significant cash will be challenging, we believe that
we will have access to some of the liquidity sources identified
above and that those sources will be sufficient to meet our near-
term liquidity needs."

On March 11, 2013, the Company entered into an agreement to sell
US Bank Tower and the Westlawn off-site parking garage.  The
transaction is expected to close June 28, 2013, subject to
customary closing conditions.  The net proceeds from the
transaction are expected to be roughly $103 million, a portion of
which may potentially be used to make loan re-balancing payments
on the Company's upcoming 2013 debt maturities at KPMG Tower and
777 Tower.

Roughly $898 million of the company's debt matures in 2013.

"Our ability to access the capital markets to raise capital is
highly uncertain.  Our substantial indebtedness may prevent us
from being able to raise debt financing on acceptable terms or at
all.  We believe we are unlikely to be able to raise equity
capital in the capital markets," the Company said.

"Future sources of significant cash are essential to our liquidity
and financial position, and if we are unable to generate adequate
cash from these sources we will have liquidity-related problems
and will be exposed to material risks.  In addition, our inability
to secure adequate sources of liquidity could lead to our eventual
insolvency," the Company added.


MPG OFFICE: BPO Extends Tender Offer Until October 10
-----------------------------------------------------
Brookfield Office Properties Inc. announced that DTLA Fund Holding
Co. and Brookfield DTLA Fund Properties Holding Inc., both direct
wholly owned subsidiaries of the DTLA Fund, are extending their
previously announced cash tender offer to purchase all outstanding
shares of preferred stock of MPG Office Trust, Inc. (MPG: NYSE)
until 5:00 p.m., New York City time, on Thursday, Oct. 10, 2013.

BPO previously announced its intention to acquire MPG pursuant to
a merger agreement, dated as of April 24, 2013, by and among
Brookfield DTLA Holdings LLC, a newly formed fund controlled by
BPO (the DTLA Fund), Brookfield DTLA Fund Office Trust Investor
Inc., Brookfield DTLA Fund Office Trust Inc., Brookfield DTLA Fund
Properties LLC, MPG and MPG Office, L.P.  Upon the closing of the
tender offer, preferred stockholders of MPG will receive $25.00 in
cash for each share of MPG preferred stock validly tendered and
not validly withdrawn in the offer, without interest and less any
required withholding taxes. Shares of MPG preferred stock that are
tendered and accepted for payment in the tender offer will not
receive any accrued and unpaid dividends on those shares.

The tender offer had been previously set to expire at 5:00 p.m.,
New York City time, on Friday, Oct. 4, 2013.  Except for the
extension of the expiration date, all other terms and conditions
of the tender offer remain unchanged.

The Depositary and Paying Agent for the tender offer is American
Stock Transfer & Trust Company, LLC, 6201 15th Avenue, Brooklyn,
New York 11219.  The Information Agent for the tender offer is
MacKenzie Partners, Inc., 105 Madison Avenue, New York, New York
10016.  The tender offer materials may be obtained at no charge by
directing a request by mail to MacKenzie Partners, Inc. or by
calling (800) 322-2885.  Fried, Frank, Harris, Shriver & Jacobson
LLP is acting as legal advisor to BPO.

Based on information received from the Depositary, as of Oct. 3,
2013, approximately 80,901 shares of MPG preferred stock had been
tendered and not withdrawn from the offer.   Stockholders who have
already tendered their shares do not have to re-tender their
shares or take any other action as a result of the extension of
the expiration date.

                       About MPG Office Trust

MPG Office Trust, Inc., fka Maguire Properties Inc. --
http://www.mpgoffice.com/-- owns and operates Class A office
properties in the Los Angeles central business district and is
primarily focused on owning and operating high-quality office
properties in the Southern California market.  MPG Office Trust is
a full-service real estate company with substantial in-house
expertise and resources in property management, marketing,
leasing, acquisitions, development and financing.

For the year ended Dec. 31, 2012, the Company reported net income
of $396.11 million, as compared with net income of $98.22 million
on $234.96 million of total revenue during the prior year.  As of
June 30, 2013, the Company had $1.28 billion in total assets,
$1.71 billion in total liabilities and a $437.26 million
total deficit.

In its Form 10-K filing with the Securities and Exchange
Commission for the fiscal year ended Dec. 31, 2012, the Company
said it is working to address challenges to its liquidity
position, particularly debt maturities, leasing costs and capital
expenditures.  The Company said, "We do not currently have
committed sources of cash adequate to fund all of our potential
needs, including our 2013 debt maturities.  If we are unable to
raise additional capital or sell assets, we may face challenges in
repaying, extending or refinancing our existing debt on favorable
terms or at all, and we may be forced to give back assets to the
relevant mortgage lenders.  While we believe that access to future
sources of significant cash will be challenging, we believe that
we will have access to some of the liquidity sources identified
above and that those sources will be sufficient to meet our near-
term liquidity needs."

On March 11, 2013, the Company entered into an agreement to sell
US Bank Tower and the Westlawn off-site parking garage.  The
transaction is expected to close June 28, 2013, subject to
customary closing conditions.  The net proceeds from the
transaction are expected to be roughly $103 million, a portion of
which may potentially be used to make loan re-balancing payments
on the Company's upcoming 2013 debt maturities at KPMG Tower and
777 Tower.

Roughly $898 million of the company's debt matures in 2013.

"Our ability to access the capital markets to raise capital is
highly uncertain.  Our substantial indebtedness may prevent us
from being able to raise debt financing on acceptable terms or at
all.  We believe we are unlikely to be able to raise equity
capital in the capital markets," the Company said.

"Future sources of significant cash are essential to our liquidity
and financial position, and if we are unable to generate adequate
cash from these sources we will have liquidity-related problems
and will be exposed to material risks.  In addition, our inability
to secure adequate sources of liquidity could lead to our eventual
insolvency," the Company added.


NASSAU TOWER: To Seek Approval of Plan Disclosures Nov. 7
---------------------------------------------------------
Nassau Tower Realty, LLC, filed with the U.S. Bankruptcy Court for
the District of New Jersey on Sept. 27, 2013, a disclosure
statement explaining the Debtor's Chapter 11 Plan of
Reorganization, filed Sept. 27, 2013.  The Plan may provide for
the Debtor to reorganize by continuing to operate, to liquidate by
selling assets of the estate, or a combination of both.

The hearing to consider the adequacy of the Disclosure Statement
will be held on Nov. 7, 2013, at 10:00 a.m.

The Plan sets forth four classes of secured creditors.  Sovereign
Bank will retain its secured claim and its secured claim will be
unaffected by the Plan.

Likewise, Ocean First Bank will retain its secured claim and its
secured claims will be unaffected by the Proponent's Plan.

The Plan proposes to pay the secured claim of TD Bank in full from
the proceeds of the sale of certain properties subject to its
mortgage, and the turn over to TD Bank, for Fair Value Credit, of
certain properties subject to the mortgage of TD Bank.  In
addition, Nassau Tower Holdings, LLC, a co-borrower with the
Debtor for the loans from Sovereign Bank and TD Bank, will also be
turning over properties to TD for Fair Value Credit.

The Debtor proposes that the municipal taxing authorities with
liens on properties that are sold or refinanced will be paid from
the proceeds of sale and the proceeds of the refinance loans.  As
to properties which the Debtor turns over to TD Bank the Plan
provides that the municipal taxing authorities will retain their
liens thereon.

General unsecured claims will be paid in full from the proceeds of
refinance loans to be obtained by the Debtor.

Interest holders will retain their interests in the Debtor.

On the Effective Date, the Debtor will deliver deeds to TD Bank
for properties to be turned over for Fair Value Credits on or
before the Effective Date, the Debtor will sell the properties to
be sold and complete the refinance transactions.

A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/nassaurealty.doc71.pdf

                       About Nassau Tower

Princeton, N.J.-based Nassau Tower Realty, LLC, filed for
Chapter 11 relief on (Bankr. D. N.J. Case No. 13-24984) on July 9,
2013.  The Hon. Judge Michael B. Kaplan presides over the case.
Paul Maselli, Esq., and Kimberly Pelkey Sdeo, Esq., at Maselli
Warren, P.C., represent the Debtor as counsel.  The Debtor
estimated assets of $10,000,001 to $50,000,000 and debts of
$10,000,001 to $50,000,000.

The Debtor is the owner of 17 parcels of real estate.  It owns 13
parcels in New Jersey, 3 parcels in Pennsylvania, one parcel in
Maine.  Most of the properties generate income in the form of
rents paid by tenants.

The petition was signed by Louis Mercatanti, officer of Nassau
Holdings, Inc.


NEW YORK CITY OPERA: May Be Liquidated, Bankr. Lawyer Says
----------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that New York City Opera Inc., created 70
years ago as the "people's opera" because of its affordable
tickets, filed for bankruptcy (Bankr. S.D.N.Y. Case No. 13-13240)
after years of declining income and a failed fundraising effort.

According to the report, the nonprofit organization, which this
year produced "Anna Nicole," about the late tabloid celebrity,
listed as much as $10 million in assets and debt in a Chapter 11
petition filed Oct. 3 in U.S. Bankruptcy Court in Manhattan.

The report relates that the filing became necessary after the
company fell short of an emergency fundraising goal of $7 million.
The bankruptcy will protect the opera from creditors and provide a
forum for negotiating debts and possibly selling assets.  The
opera listed New York City Ballet as one of its biggest unsecured
creditors, with a claim of $1.6 million, according to the
petition.

The report notes that the company's lawyer, Kenneth Rosen of
Lowenstein Sandler LLP, said on Sept. 30 that the opera would be
liquidated or possibly sold in court to another cultural or
educational institution.  In an e-mailed statement on Oct. 1,
George Steel, the artistic director and general manager since
2009, said the company canceled its 2013-2014 season.  "Anna
Nicole" finished its run on Sept. 28. New York City Opera co-
produced "Anna Nicole" with the Brooklyn Academy of Music.

The report relates that the projected deficit for fiscal year 2012
was $44.1 million, although the company had a balanced operating
budget in recent years, according to the filing.  The opera's
long-term structural deficit problems started in 2003, and it
blamed its financial condition on a "troubled economy, decreased
donations, and increasing pension obligations," according to the
filing.  Closing down would mark the end of a company established
as the "people's opera" by Mayor Fiorello LaGuardia that became a
training ground for talent that included Beverly Sills and Placido
Domingo.  It would also leave New York with one remaining major
company, the 128-year-old Metropolitan Opera.  The company last
week posted an "urgent" notice on its website seeking donations to
help raise $20 million, including $7 million it said it needed by
Sept. 30 for the current season.

The report discloses that in late 2008 and early 2009, the board
used $24 million from its endowment to meet payroll and other
obligations and hasn't been able to repay it, according to the
filing.  The opera's endowment totaled $5.02 million for fiscal
2012, down from $9 million a year earlier and $55 million several
years ago, according to the filing.  The endowment lost $14
million during the stock market decline, the company said in the
filing.  In 2011-12, the last year for which results are
available, ticket sales were $1.1 million, down 87 percent from
2005-06.


NEWLEAD HOLDINGS: Issues 20MM Add'l Settlement Shares to Hanover
---------------------------------------------------------------
NewLead Holdings Ltd, on Sept. 30, 2013, instructed its transfer
agent to issue and deliver to Hanover Holdings I, LLC, 20,000,000
additional settlement shares pursuant to the terms of the
Settlement Agreement approved by the Supreme Court of the State of
New York, County of New York, on July 9, 2013, in the matter
entitled Hanover Holdings I, LLC v. NewLead Holdings Ltd., Case
No. 155723/2013.  Hanover commenced the Action against the Company
on June 21, 2013, to recover an aggregate of $7,205,547 of past-
due accounts payable of the Company, plus fees and costs.

Pursuant to the terms of the Settlement Agreement approved by the
Order, on July 10, 2013, the Company issued and delivered to
Hanover 61,000,000 shares of the Company's common stock, $0.01 par
value.

Regains NASDAQ Compliance

The Company previously reported that, on May 16, 2013, it had
received a letter from the NASDAQ Stock Market LLC stating that
the Company is not in compliance with the continued listing
requirements of NASDAQ Listing Rule 5250(c)(1) because the Company
did not timely file its Annual Report on Form 20-F for the year
ended Dec. 31, 2012, with the Securities and Exchange Commission.
On Oct. 1, 2013, NASDAQ notified the Company that based on the
filing of the Form 20-F with the Commission on Aug. 30, 2013, the
Company was in compliance with NASDAQ Listing Rule 5250(c)(1).

A copy of the Form 6-K is available for free at:

                       http://is.gd/ITxaPr

                   About NewLead Holdings Ltd.

NewLead Holdings Ltd. -- http://www.newleadholdings.com-- is an
international, vertically integrated shipping company that owns
and manages product tankers and dry bulk vessels.  NewLead
currently controls 22 vessels, including six double-hull product
tankers and 16 dry bulk vessels of which two are newbuildings.
NewLead's common shares are traded under the symbol "NEWL" on the
NASDAQ Global Select Market.

Newlead incurred a net loss of $403.92 million on $8.92 million of
operating revenues for the year ended Dec. 31, 2012, as compared
with a net loss of $290.39 million on $12.22 million of operating
revenues for the year ended Dec. 31, 2011.  The Company incurred a
net loss of $86.34 million on $17.43 million of operating revenues
in 2010.  As of Dec. 31, 2012, Newlead Holdings had $61.79 million
in total assets, $177.42 million in total liabilities and a
$115.62 million total shareholders' deficit.

                        Going Concern Doubt

PricewaterhouseCoopers S.A., in Athens, Greece, 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 net loss, has negative cash flows
from operations, negative working capital, an accumulated deficit
and has defaulted under its credit facility agreements resulting
in all of its debt being reclassified to current liabilities, all
of which raise substantial doubt about its ability to continue as
a going concern.


NEWLEAD HOLDINGS: Gets NASDAQ Listing Non-Compliance Notice
-----------------------------------------------------------
NewLead Holdings Ltd. On Oct. 4 disclosed that the Company
received a letter from NASDAQ Listing Qualifications Staff of The
NASDAQ Stock Market LLC notifying the Company that it had not
regained compliance, by October 1, 2013, with the $1.00 minimum
bid price requirement for continued listing on The NASDAQ Global
Select Market, as set forth in Listing Rule 5450(a)(1), and that,
as a result, the Company's securities would be subject to
delisting unless the Company requests a hearing before the NASDAQ
Hearings Panel by October 9, 2013 to present a plan to regain
compliance.

NewLead intends to timely request a hearing before the Panel and,
prior to any such hearing, it expects to regain compliance with
the $1.00 minimum bid price requirement, through the
implementation of the 1-to-15 reverse split of its common shares
that will be effective as of October 17, 2013, as previously
announced. Although NewLead anticipates regaining compliance with
NASDAQ's minimum bid price continued listing standard, there can
be no assurance that it will do so.

                   About NewLead Holdings Ltd.

NewLead Holdings Ltd. -- http://www.newleadholdings.com/-- is an
international, vertically integrated shipping company that owns
and manages product tankers and dry bulk vessels.  NewLead
currently controls 22 vessels, including six double-hull product
tankers and 16 dry bulk vessels of which two are newbuildings. N
ewLead's common shares are traded under the symbol "NEWL" on the
NASDAQ Global Select Market.

Newlead Holdings Ltd. filed with the U.S. Securities and Exchange
Commission its annual report on Form 20-F disclosing a net loss of
$403.92 million on $8.92 million of operating revenues for the
year ended Dec. 31, 2012, as compared with a net loss of $290.39
million on $12.22 million of operating revenues for the year ended
Dec. 31, 2011.  The Company incurred a net loss of $86.34 million
on $17.43 million of operating revenues in 2010.

As of Dec. 31, 2012, Newlead Holdings had $61.79 million in total
assets, $177.42 million in total liabilities and a $115.62 million
total shareholders' deficit.

                        Going Concern Doubt

PricewaterhouseCoopers S.A., in Athens, Greece, 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 net loss, has negative cash flows
from operations, negative working capital, an accumulated deficit
and has defaulted under its credit facility agreements resulting
in all of its debt being reclassified to current liabilities, all
of which raise substantial doubt about its ability to continue as
a going concern.


OCD LLC: Court Dismisses Chapter 11 Case
----------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
has dismissed the Chapter 11 case of OCD, LLC.

As reported in the TCR on Aug. 21, 2013, OCD, LLC, told the
Bankruptcy Court that it no longer wishes to remain in Chapter 11
and requested that its Chapter 11 case be dismissed.

According to OCD, since the Petition Date, it has obtained access
to its real property located at 111 San Joaquin Road, in Mountain
Village, Colorado, been granted the opportunity to obtain
financing in order to complete the Development and negotiated with
FTL Lorian, LLC, to reach a settlement with respect to the
Foreclosure Action.

According to papers filed with the Court, on Aug. 8, 2013, the
Debtor entered into an agreement with FTL under which FTL is going
to finance the completion of the construction of the Property so
that it can be marketed and the condominium units can be sold.
The Agreement provides certain terms that protect the economic and
legal interests of the Debtor outside of the bankruptcy process
and provide the Debtor with what it has determined to be its best
chance to preserve any equity that it may have in the Property
once the Development is complete.

                          About OCD LLC

OCD, LLC, filed a Chapter 11 petition (Bankr. S.D.N.Y. Case No.
13-22416) on March 12, 2013.  Charles E. Dewey, Jr., signed the
petition as managing member.  Judge Robert D. Drain presides over
the case.  The Debtor disclosed $28,014,340 in assets and
$17,021,500 in liabilities as of the Chapter 11 filing.

Jeffrey A. Reich, Esq., and Lawrence R. Reich, Esq., at Reich
Reich & Reich, P.C., in White Plains, N.Y., represents the Debtor
as counsel.


ONCURE HOLDINGS: Wins Approval of Plan, $125-Mil. RTS Takeover
--------------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that OnCure Holdings Inc., the bankrupt
provider of services to cancer clinics, won court approval of its
plan for Radiation Therapy Services Inc. to acquire all of the
reorganized company's equity for about $125 million.

The report relates that Radiation Therapy agreed to pay $42.5
million in cash and guarantee $82.5 million in new notes under the
restructuring plan approved by U.S. Bankruptcy Judge Kevin Gross
at an Oct. 3 hearing in Wilmington, Delaware, according to court
documents.

According to the report, noteholders owed about $210 million are
projected to get a recovery of about 50 percent to 54 percent from
the new notes, according to the disclosure statement, a
description of the plan.  Unsecured creditors won't get any
recovery.  OnCure, based in Englewood, Colorado, filed for
bankruptcy in June blaming cuts in federal health-insurance
payments.  At the time, the company said it planned to sell itself
to an undisclosed buyer.

The report notes that Radiation Therapy is owned by Vestar Capital
Partners, a New York-based private-equity firm, according to a
March 2012 regulatory filing.

                        About OnCure Holdings

Headquartered in Englewood, Colorado, OnCure Holdings, Inc. --
http://www.oncure.com/-- provides management services and
facilities to oncology physician groups throughout the country.

OnCure Holdings and its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 13-11540 to 13-11562) in
Wilmington on June 14, 2013.  Bradford C. Burkett signed the
petition as CEO.

On the Petition Date, the Debtors disclosed total assets of
$179,327,000 and total debts of $250,379,000.  There's at least
$15 million owing on a first-lien term loan facility, as well as
$210 million on prepetition secured notes.

Paul E. Harner, Esq., and Keith A. Simon, Esq., at Latham &
Watkins LLP, in New York, serve as the Debtors' lead bankruptcy
counsel.  Daniel J. DeFranceschi, Esq., at Richards, Layton &
Finger P.A., in Wilmington, Delaware, serves as the Debtors' local
Delaware counsel.  Kurtzman Carson Consultants is the claims and
notice agent.  Match Point Partners LLC provides management
services to OnCure.

The Debtors have signed a deal to sell the business to Radiation
Therapy Services Holdings Inc. for $125 million, absent higher and
better offers. RTS's offer comprises $42.5 million in cash (plus
covering certain expenses and subject to certain working capital
adjustments) and up to $82.5 million in assumed debt.  Secured
noteholders are supporting the RTS deal.

Millstein & Co., Kirkland & Ellis LLP, Alvarez & Marsal and
Deloitte advise Radiation Therapy in connection with the
transaction.

Promptly before the bankruptcy filing, the Debtors entered into a
restructuring support agreement with the members of an ad hoc
committee of its secured notes, constituting 100% of the lenders
under the first lien term loan credit agreement and approximately
73% of the secured notes, pursuant to which they have agreed to
support a stand-alone restructuring of the Debtors, subject to an
auction process for a sale of substantially all of the Debtors'
assets or the equity of the reorganized Debtors pursuant to a
chapter 11 plan.

Roberta A. DeAngelis, U.S. Trustee for Region 3 notified the Court
that she was unable to appoint an official committee of unsecured
creditors due to insufficient response from creditors.


ORAGENICS INC: Randal Kirk Held 26.2% Equity Stake at Sept. 30
--------------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Randal J. Kirk disclosed that as of
Sept. 30, 2013, he beneficially owned 7,898,490 shares of common
stock of Oragenics, Inc., representing 26.2 percent of the shares
outstanding.  Mr. Kirk previously reported beneficial ownership of
5,249,980 common shares or 19.5 percent equity stake as of
July 31, 2012.   A copy of the amended regulatory filing is
available for free at http://is.gd/opZWmk

                        About Oragenics Inc.

Tampa, Fla.-based Oragenics, Inc. -- http://www.oragenics.com/--
is a biopharmaceutical company focused primarily on oral health
products and novel antibiotics.  Within oral health, Oragenics is
developing its pharmaceutical product candidate, SMaRT Replacement
Therapy, and also commercializing its oral probiotic product,
ProBiora3.  Within antibiotics, Oragenics is developing a
pharmaceutical candidate, MU1140-S and intends to use its
patented, novel organic chemistry platform to create additional
antibiotics for therapeutic use.

Oragenics incurred a net loss of $13.09 million in 2012, as
compared with a net loss of $7.67 million in 2011.  As of June 30,
2013, the Company had $7.07 million in total assets, $1.38 million
in total liabilities, all current, and $5.68 million in total
shareholders' equity.


ORCKIT COMMUNICATIONS: Expects to Ink Pact with ECI This Month
--------------------------------------------------------------
Following Orckit's announcement on Aug. 21, 2013, regarding a non-
binding understanding with ECI Telecom Ltd. with respect to the
terms of a proposed transaction pursuant to which Orckit would
grant an exclusive license to ECI to develop, manufacture and sell
products comprising Orckit's Packet Transport technology, Orckit
announced that it has terminated the employment of 15 employees.
If the proposed transaction with ECI is consummated, most of these
employees are expected to join ECI.  Orckit is working to sign a
definitive agreement with ECI during the course of the month of
October, but there can be no assurance that a definitive agreement
will be signed.

                            About Orckit

Tel-Aviv, Israel-based Orckit Communications Ltd. (TASE: ORCT)
engages in the design, development, manufacture and marketing of
advanced telecom equipment to telecommunication service providers
in metropolitan areas.  The Company's products are transport
telecommunication equipment targeting high capacity packetized
metropolitan networks.

ORCKIT Communications disclosed a net loss of $6.46 million on
$11.19 million of revenues for the year ended Dec. 31, 2012, as
compared with a net loss of $17.38 million on $15.58 million of
revenues for the year ended Dec. 31, 2011.  The Company's balance
sheet at June 30, 2013, showed US$13.52 million in total assets,
US$25.02 million in total liabilities and a US$11.50 million total
capital deficiency.

Kesselman & Kesselman, 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
capital deficiency, recurring losses, negative cash flows from
operating activities and has significant future commitments to
repay its convertible subordinated notes.  These facts raise
substantial doubt as to the Company's ability to continue as a
going concern.


ORMET CORP: Gets PUCO Approval of Revised Power Deal With AEP
-------------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that Ormet Corp., the operator of an Ohio
aluminum smelter, received approval of a revised power deal with
energy supplier American Electric Power Co from the Public
Utilities Commission of Ohio, Reuters reported.

According to the report the company, whose sale of virtually all
its assets to an affiliate of lender Wayzata Investment Partners
LLC for about $221 million has been on hold while awaiting the
commission's decision, would likely have closed had it not
obtained approval of the revised deal.  The commission is
modifying parts of Hannibal, Ohio-based Ormet's request for a
unique subsidized power arrangement, according to Reuters.
Approval is also predicated on employing at least 650 full-time
workers through 2018, PUCO Chairman Todd Snitchler said last week
at the commission's weekly meeting.

                          About Ormet Corp.

Aluminum producer Ormet Corporation, along with affiliates, filed
for Chapter 11 protection (Bankr. D. Del. Case No. 13-10334) on
Feb. 25, 2013, with a deal to sell the business to a portfolio
company owned by private investment funds managed by Wayzata
Investment Partners LLC.

Headquartered in Wheeling, West Virginia, Ormet --
http://www.ormet.com/-- is a fully integrated aluminum
manufacturer, providing primary metal, extrusion and thixotropic
billet, foil and flat rolled sheet and other products.

Ormet disclosed assets of $406.8 million and liabilities totaling
$416 million.  Secured debt of about $180 million includes $139.5
million on a secured term loan and $39.3 million on a revolving
credit.

Affiliates that separately filed Chapter 11 petitions are Ormet
Primary Aluminum Corporation; Ormet Aluminum Mill Products
Corporation; Specialty Blanks Holding Corporation; and Ormet
Railroad Corporation.

Ormet is represented in the case by Morris, Nichols, Arsht &
Tunnell LLP's Erin R. Fay, Esq., Robert J. Dehney, Esq., Daniel B.
Butz, Esq.; and Dinsmore & Shohl LLP's Kim Martin Lewis, Esq.,
Patrick D. Burns, Esq.  Kurtzman Carson Consultants is the claims
and notice agent.  Evercore's Lloyd Sprung and Paul Billyard serve
as investment bankers to the Debtor.

An official committee of unsecured creditors was appointed in the
case in March 2013.  The Committee is represented by Rafael X.
Zahralddin, Esq., Shelley A. Kinsella, Esq., and Jonathan M.
Stemerman, Esq., at Elliott Greenleaf; and Sharon Levine, Esq., S.
Jason Teele, Esq., and Cassandra M. Porter, Esq., at Lowenstein
Sandler LLP.

The Company canceled a bankruptcy auction after it didn't receive
any qualified competing bids to challenge Wayzata's offer,
according to court documents.


PACIFIC GOLD: OKs Assignment of $80,000 Note
--------------------------------------------
Pacific Gold Corp., on Sept. 24, 2013, agreed to the assignment of
$80,000, in principal amount of outstanding notes, which represent
notes the Company issued to the original debt holder on May 11,
2012.  The assignment was to a third party that is not affiliated
with the Company.

In connection with the assignment, the Company agreed to various
modifications of the note for the benefit of the new holder, which
enhance and reset the conversion features of the note and change
certain other basic terms of the note.   As a result of the
amendments, the note now (i) has a conversion rate of a 45 percent
discount to the average of the 3 lowest daily VWAP prices of the
common stock based on the twenty day period prior to the date of
conversion, which rate will be subject to certain adjustments,
(ii) has an annual interest rate of 8 percent, due at maturity,
(iii) has a new maturity date of Sept. 24, 2014, and (iv) has
additional default provisions, including a default penalty of 50
percent of outstanding principal and interest at the time of
default.  The assigned portion of the principal note has a
conversion rate at an approximate 45 percent discount to market
and, without taking into account the conversion of any of the
interest to be earned or converted, represents the potential
issuance of 1,454,545,455 shares, limited to a maximum conversion
right at any one time to 4.99 percent of the then outstanding
shares of common stock of the company.

                         About Pacific Gold

Las Vegas, Nev.-based Pacific Gold Corp. is engaged in the
identification, acquisition, and development of prospects believed
to have gold mineralization.  Pacific Gold through its
subsidiaries currently owns claims, property and leases in Nevada
and Colorado.

Pacific Gold disclosed a net loss of $16.62 million in 2012, as
compared with a net loss of $1.38 million in 2011.  As of June 30,
2013, the Company had $1.39 million in total assets, $4.30 million
in total liabilities and a $2.91 million total stockholders'
deficit.

Silberstein Ungar, PLLC, in Bingham Farms, Michigan, 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 losses from
operations, has negative working capital and is in need of
additional capital to grow its operations so that it can become
profitable.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


PERSONAL COMMUNICATIONS: Committee May Probe Majority Owner
-----------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that the official committee of unsecured
creditors of Personal Communications Devices Holdings LLC won
court approval to investigate the company's majority owner, who is
also a second-lien lender.

According to the report, U.S. Bankruptcy Judge Alan S. Trust
granted the creditors' committee permission to seek and examine
documents and question representatives of the distributor of
wireless-communications devices and lenders, according to court
documents filed Oct. 4 in Central Islip, New York.  The creditors
said they need documents from the company and the lenders to
determine if there are any assets or cause of action that can
benefit the estate, according to court documents.

The report notes that the lenders hold about $71.3 million in
secured second-lien debt, court papers show.  They made capital
contributions in 2008 following the equity purchase and then
stopped making investments and started receiving distributions the
following year.

The report relates that the lenders received $20 million in
distributions in 2011.  In the first half of 2012, "just a matter
of months after the second-lien lenders drained substantial
equity" from the company, PCD entered into the loan with "lender-
friendly provisions," according to court documents.  "Although the
committee does not yet have all of the pertinent facts surrounding
the second-lien lenders' conduct, it certainly is possible that
their actions were an attempt to convert their equity into debt,
furthering the debtors' financial difficulties," the creditors
argued in court papers.

The report discloses that PCD and the second-lien lenders
responded to the demand for documents saying that, while they
would attempt to comply with the request, it is overly broad and
would be almost impossible to accomplish within the timeframe that
the committee wants.  The committee agreed "to certain limitations
with respect to the scope" of its investigation with the company
and its lenders, according to the judge's order.

                    About Personal Communications

Personal Communications Devices LLC and an affiliate, Personal
Communications Devices Holdings, LLC, filed for Chapter 11
bankruptcy (Bankr. E.D.N.Y. Case No. 13-74303) on Aug. 19, 2013,
in Central Islip, N.Y., estimating between $100 million
and $500 million in both assets and liabilities.

PCD -- http://www.pcdphones.com-- provides both carriers and
manufacturers an array of product life cycle management services
that includes planning and development; inventory; technical
testing; quality control; forward and reverse logistics; sell-in
and sell-thru, marketing & warranty support.  Its extensive
portfolio of high-quality and versatile wireless devices includes
feature phones, smart phones, tablets, mobile hotspots, modems,
routers, fixed wireless, M2M, GPS, and other innovative wireless
connectivity devices and accessories.  PCD is based in Hauppauge,
New York; and maintains operations facilities in Brea, California;
and Toronto, CA.

PCD filed for bankruptcy with a deal to sell the operations to
Quality One Wireless LLC for $105 million, absent a higher bid at
auction.

Bankruptcy Judge Alan S. Trust oversees the case.  Attorneys at
Goodwin Procter, LLP and Togut, Segal & Segal, LLP serve as
counsel to the Debtors.  Epiq Bankruptcy Solutions, LLC, is the
claims and notice agent.  BG Strategic Advisors, LLC, is the
financial advisor.   Richter Consulting, Inc., is the investment
banker.

The petitions were signed by Raymond F. Kunzmann as chief
financial officer.

Q1W is advised by Raymond James and Associates, Inc. and Munsch
Hardt Kopf & Harr, P.C.

A three-member official committee of unsecured creditors was
appointed in the Chapter 11 case.  The Committee retained FTI
Consulting, Inc., as financial advisor, and Perkins Coie LLP as
counsel.


PLUG POWER: Hans Black Held 4.7% Equity Stake at Sept. 26
---------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Hans P. Black and his affiliates disclosed
that as of Sept. 26, 2013, they beneficially owned 4,810,937
shares of common stock of Plug Power Inc. representing 4.72
percent of the shares outstanding.  Mr. Black previously reported
beneficial ownership of 6,129,000 common shares or 6.17 percent
equity stake as of Sept. 6, 2013.  A copy of the regulatory filing
is available for free at http://is.gd/UcvAt6

                          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.

As of June 30, 2013, the Company had $36.38 million in total
assets, $26.96 million in total liabilities, $2.45 million in
series C redeemable convertible preferred stock and $6.96 million
in total stockholders' equity.

                        Bankruptcy Warning

"Our cash requirements relate primarily to working capital needed
to operate and grow our business, including funding operating
expenses, growth in inventory to support both shipments of new
units and servicing the installed base, and continued development
and expansion of our products.  Our ability to meet our future
liquidity needs, capital requirements, and to achieve
profitability will depend upon numerous factors, including the
timing and quantity of product orders and shipments; the timing
and amount of our operating expenses; the timing and costs of
working capital needs; the timing and costs of building a sales
base; the timing and costs of developing marketing and
distribution channels; the timing and costs of product service
requirements; the timing and costs of hiring and training product
staff; the extent to which our products gain market acceptance;
the timing and costs of product development and introductions; the
extent of our ongoing and any new research and development
programs; and changes in our strategy or our planned activities.
If we are unable to fund our operations without additional
external financing and therefore cannot sustain future operations,
we may be required to delay, reduce and/or cease our operations
and/or seek bankruptcy protection," the Company said in the
quarterly report for the period ended June 30, 2013.


PLY GEM HOLDINGS: Realigns 2 Manufacturing Facilities in Canada
---------------------------------------------------------------
Ply Gem Industries, Inc., a wholly-owned subsidiary of Ply Gem
Holdings, Inc., said it will realign production across two
manufacturing facilities in Calgary, Alberta, Canada, which will
improve the Company's overall operating efficiency.  The two
manufacturing facilities resulted from the Company's acquisition
of Gienow Canada Inc., completed in April 2013, combined with the
pre-existing manufacturing facility of Ply Gem Canada, Inc.  These
realignment plans include shifting the majority of the vinyl
window and door production into Gienow's manufacturing facility in
Calgary, Alberta, Canada, while maintaining wood window and door
production in the Ply Gem Canada's manufacturing facility also
located in Calgary, Alberta, Canada.  In connection with this
realignment, distribution will also be realigned across Gienow and
Ply Gem Canada distribution centers in Western Canada.

Consistent with the Company's acquisition and integration plans,
management expects that these realignments will reduce costs and
increase operating efficiencies.  Production will begin to be
realigned during October 2013, with the majority expected to be
completed by March 2014.  In connection with these plans, the
Company expects to incur pre-tax exit and restructuring cash and
non-cash costs together of approximately $4.3 million, which
includes lease and contract termination costs, personnel-related
costs and other facilities-related costs.

As a result of this realignment, combined with other expected
synergies associated with the Gienow acquisition, the Company
expects to realize estimated annual cost savings and synergies
ranging from $5 million to $10 million beginning in 2014.

                           About Ply Gem

Based in Cary, North Carolina, Ply Gem Holdings Inc. is a
diversified manufacturer of residential and commercial building
products, which are sold primarily in the United States and
Canada, and include a wide variety of products for the residential
and commercial construction, the do-it-yourself and the
professional remodeling and renovation markets.

Ply Gem Holdings incurred a net loss of $39.05 million in 2012, as
compared with a net loss of $84.50 million in 2011.  The Company's
balance sheet at June 29, 2013, showed $1.10 billion in total
assets, $1.17 billion in total liabilities and a $70.18
million total stockholders' deficit.

                           *     *     *

In May 2010, Standard & Poor's Ratings Services raised its
(unsolicited) corporate credit rating on Ply Gem to 'B-' from
'CCC+'.  "The ratings upgrade reflects our expectation that the
company's credit measures are likely to improve modestly over the
next several quarters to levels that we would consider more in
line with the 'B-' corporate credit rating," said Standard &
Poor's credit analyst Tobias Crabtree.


PUERTO RICO: Lawyers, Experts Predict Restructuring of Bonds
------------------------------------------------------------
An article by Emily Glazer of The Wall Street Journal relates that
while no action seems imminent, many lawyers and other experts on
distressed debt predict that at least some of Puerto Rico's
outstanding bonds eventually will be restructured. That could mean
changes to interest rates or to the amount of time Puerto Rico has
to repay.  The tipping point will likely come if Puerto Rico runs
out of money to cover debt payments and can't refinance with new
bonds. Puerto Rico has cut back on its bond-issuance plans and is
turning to banks for short-term loans.

The article says Puerto Rico is not eligible to seek creditor
protection under Chapter 9 of the U.S. Bankruptcy Code, which is
only for municipalities.  Puerto Rico is an unincorporated
territory.  According to the article, which was presented as a
question-and-answer segment, some experts said it might be
possible to at least try restructuring some of Puerto Rico's debt
in Chapter 9 or Chapter 11, the part of bankruptcy companies use
to reorganize.  For example, some bond issuers in Puerto Rico are
classified as "semi-autonomous authorities," possibly giving them
a loophole to seek protection from certain obligations, lawyers
said.


PVA APARTMENTS: Section 341(a) Meeting Set on October 28
--------------------------------------------------------
A meeting of creditors in the bankruptcy case of PVA Apartments
LLC will be held on Oct. 28, 2013, at 9:00 a.m. at Oakland U.S.
Trustee Office.  Creditors have until Jan. 27, 2014, to submit
their proofs of claim.

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.

PVA Apartments LLC filed a Chapter 11 petition (Bankr. N.D. Cal.
Case No. 13-45558) on Oct. 4, 2013.  The petition was signed by
Eric Terrell, principal.  Judge Elaine Hammond presides over the
case.  Reginald Terrell, Esq., at LAW OFFICES OF REGINALD TERRELL
in Oakland, CA, serves as the Debtor's counsel.  The Debtor
estimated assets of at least $10 million and liabilities of at
least $1 million.


RESIDENTIAL CAPITAL: Files Rule 2015.3 Report for June 30, 2013
---------------------------------------------------------------
Residential Capital submitted to the Court a report, as of June
30, 2013, that provides detail on the value, operations and
profitability of entities in which they hold a substantial or
controlling interest, as required by Rule 2015.3 of the Federal
Rules of Bankruptcy Procedure.

A full-text copy of the Rule 2015.3 report is available for free
at http://bankrupt.com/misc/RESCAP_2015063013.pdf

                     About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.

Neither Ally Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.68 billion in assets and $15.28 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its mortgage servicing and origination platform assets to Ocwen
Loan Servicing, LLC and Walter Investment Management Corporation
for $3 billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

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


RITE AID: Swings to $32.8 Million Net Income in Aug. 31 Quarter
---------------------------------------------------------------
Rite Aid Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $32.82 million on $6.27 billion of revenues for the 13 week
period ended Aug. 31, 2013, as compared with a net loss of $38.76
million on $6.23 billion of revenues for the 13 week period ended
Sept. 1, 2012.  The improvement in the Company's operating results
was driven primarily by higher gross profit from generic drugs,
lower selling, general and administrative expenses (SG&A), the
settlement of a prescription drug antitrust matter and lower
interest expense, partially offset by continued reimbursement rate
pressures and a higher loss on debt retirement.

For the 26 week period ended Aug. 31, 2013, the Company reported
net income of $122.48 million on $12.57 billion of revenues as
compared with a net loss of $66.85 million on $12.69 billion of
revenues for the 26 week period ended Sept. 1, 2012.

The Company's balance sheet at Aug. 31, 2013, showed $7.16 billion
in total assets, $9.48 billion in total liabilities and a $2.31
billion total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/MBkKvX

                       About Rite Aid Corp.

Drugstore chain Rite Aid Corporation (NYSE: RAD) --
http://www.riteaid.com/-- based in Camp Hill, Pennsylvania, is
one of the nation's leading drugstore chains with 4,626 stores in
31 states and the District of Columbia.

Rite Aid disclosed net income of $118.10 million on $25.39 billion
of revenue for the year ended March 2, 2013, as compared with a
net loss of $368.57 million on $26.12 billion of revenue for the
year ended March 2, 2012.

                           *     *     *

As reported by the TCR on March 1, 2013, Moody's Investors Service
upgraded Rite Aid Corporation's Corporate Family Rating to B3 from
Caa1 and Probability of Default Rating to B3-PD from Caa1-PD.  At
the same time, the Speculative Grade Liquidity rating was revised
to SGL-2 from SGL-3.  This rating action concludes the review for
upgrade initiated on Feb. 4, 2013.

Rite Aid carries a 'B-' corporate credit rating from Standard &
Poor's Ratings Services.


SAVE MOST: Hearing on Disclosure Statement Continued to Nov. 13
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
continued to Nov. 13, 2013, at 10:00 a.m., the hearing to consider
the adequacy of the Disclosure Statement describing Save Most
Desert Rancho, Ltd.'s Plan of Reorganization, filed June 14, 2013.

As reported in the Troubled Company Reporter on July 17, 2013,
according to the Disclosure Statement, the Plan may provide for
the Debtor to reorganize by continuing to operate, to liquidate by
selling assets of the Debtor's estate, or a combination of both.

The Debtor seeks to accomplish payment under the Plan by the sale
or refinance of the Laguna Hills Property or sale of the Laguna
Hills Property.

The Plan will be funded by proceeds from the sale or refinance of
the Laguna Hills Property as well as postpetition rents generated
by the Laguna Hills Property.

A copy of the Disclosure Statement is available for free at
http://bankrupt.com/misc/SAVE_MOST_ds.pdf

                   About Save Most Desert Rancho

Save Most Desert Rancho, Ltd., filed a Chapter 11 petition (Bankr.
C.D. Cal. Case No. 12-23173) in Santa Ana, California on Nov. 15,
2012.  The Laguna Hills-based company disclosed $10,134,997 in
assets and $14,874,770 in liabilities as of the Chapter 11 filing.
The petition was signed by Charles Kaminskas for Brighton Park,
LP, general partner.  Michael G. Spector, Esq., and Vicki L.
Schennum, Esq., at The Law Offices of Michael G. Spector, in Santa
Ana, Calif., represent the Debtor as Chapter 11 insolvency
counsel.

Michael D. Testan, Esq., represents JPMorgan.


SEARS HOLDINGS: Borrows $1-Bil. Under Amended Facility with BofA
----------------------------------------------------------------
Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and
Kmart Corporation entered into a First Amendment to the Second
Amended and Restated Credit Agreement with a syndicate of lenders,
including Bank of America, N.A., as agent.  Pursuant to the
Amendment, the Borrowers have borrowed $1 billion under a new
senior secured term loan facility.  The Credit Agreement continues
to provide for a $3.275 billion asset-based revolving credit
facility.

The Term Loan bears interest at a rate equal to, at the election
of the Borrowers, either (1) the London Interbank Offered Rate
(subject to a 1.00 percent LIBOR floor) or (2) the highest of (x)
the Bank's prime rate, (y) the federal funds rate plus 0.50
percent and (z) the one-month LIBOR rate plus 1.00 percent (the
highest of (x), (y) and (z), the "Base Rate"), plus an applicable
margin for LIBOR loans of 4.50 percent and for Base Rate loans of
3.50 percent.  Beginning Feb. 2, 2014, the Borrowers are required
to repay the Term Loan in quarterly installments of $2,500,000,
with the remainder of the Term Loan maturing June 30, 2018.
Beginning with the fiscal year ending January 2015, the Borrowers
are also required to make certain mandatory repayments of the Term
Loan from excess cash flow.  The Term Loan may be prepaid in whole
or in part without penalty, other than a 1.00 percent prepayment
premium if the Borrowers enter into certain repricing transactions
with respect to the Term Loan within one year.

The Term Loan is secured by the same collateral as the Revolving
Facility on a pari passu basis with the Revolving Facility, and is
guaranteed by the same subsidiaries of the Company that guarantee
the Revolving Facility.  The Revolving Facility continues to be
scheduled to expire on April 8, 2016.

The Credit Agreement contains covenants that restrict the ability
of the Company and its subsidiaries to take certain actions,
including, among other things and subject to certain significant
exceptions: creating liens, incurring indebtedness, making
investments, engaging in mergers and acquisitions, selling
property, paying dividends or amending organizational documents.
Under certain circumstances, the Credit Agreement also requires
the Company to comply with certain financial ratio maintenance
covenants.  The Credit Agreement also contains customary
affirmative covenants and events of default.

The net proceeds of the Term Loan were used to reduce borrowings
under the Revolving Facility, which resulted in borrowings
outstanding under the Revolving Facility of approximately $1
billion.

A copy the First Amendment is available for free at:

                        http://is.gd/vSmzsQ

                            About Sears

Hoffman Estates, Illinois-based Sears Holdings Corporation
(Nasdaq: SHLD) -- http://www.searsholdings.com/-- operates full-
line and specialty retail stores in the United States and Canada.
Sears Holdings operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation.  Sears Holdings also owns a
94 percent stake in Sears Canada and an 80.1 percent stake in
Orchard Supply Hardware.  Key proprietary brands include Kenmore,
Craftsman and DieHard, and a broad apparel offering, including
such well-known labels as Lands' End, Jaclyn Smith and Joe Boxer,
as well as the Apostrophe and Covington brands.  It also has the
Country Living collection, which is offered by Sears and Kmart.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  John Wm. "Jack" Butler, Jr., Esq., at Skadden,
Arps, Slate, Meagher & Flom, LLP, represented the retailer in its
restructuring efforts.  The Company's balance sheet showed
$16,287,000,000 in assets and $10,348,000,000 in debts when it
sought chapter 11 protection.  Kmart bought Sears, Roebuck & Co.,
for $11 billion to create the third-largest U.S. retailer, behind
Wal-Mart and Target, and generate $55 billion in annual revenues.
Kmart completed its merger with Sears on March 24, 2005.

The Company's balance sheet at Aug. 3, 2013, showed $19.27 billion
in total assets, $16.45 billion in total liabilities and $2.82
billion in total equity.

                         Negative Outlook

Standard & Poor's Ratings Services in January 2012 lowered its
corporate credit rating on Hoffman Estates, Ill.-based Sears
Holdings Corp. to 'CCC+' from 'B'.  "We removed the rating from
CreditWatch, where we had placed it with negative implications on
Dec. 28, 2011.  We are also lowering the short-term and commercial
paper rating to 'C' from 'B-2'.  The rating outlook is negative,"
S&P said.

"The corporate credit rating reflects our projection that Sears'
EBITDA will be negative in 2012, given our expectations for
continued sales and margin pressure," said Standard & Poor's
credit analyst Ana Lai.  She added, "We further expect that
liquidity could be constrained in 2013 absent a turnaround
or substantial asset sales to fund operating losses."

Moody's Investors Service in January 2012 lowered Sears Holdings
Family and Probability of Default Ratings to B3 from B1.
The outlook remains negative. At the same time Moody's affirmed
Sears' Speculative Grade Liquidity Rating at SGL-2.

The rating action reflects Moody's expectations that Sears will
report a significant operating loss in fiscal 2011.  Moody's added
that the rating action also reflects the company's persistent
negative trends in sales, which continue to significantly
underperform peers.

As reported by the TCR on Dec. 7, 2012, Fitch Ratings has affirmed
its long-term Issuer Default Ratings (IDR) on Sears Holdings
Corporation (Holdings) and its various subsidiary entities
(collectively, Sears) at 'CCC' citing that The magnitude of Sears'
decline in profitability and lack of visibility to turn operations
around remains a major concern.


SMITH BROTHERS: Former Bankrupt Cough-Drop Maker Eyes Comeback
--------------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that Smith Brothers Co., known for 1800s-
era black-and-white bags featuring its bearded founders, is
reinventing the medicated lozenge.

According to the report, bought out of bankruptcy in 2010 by York
Capital Management LP, the 166-year-old company is trying to
inject fresh thinking into a $7.23 billion U.S. cold-remedy market
dominated by Halls and Procter & Gamble Co.'s Vicks.  The new
products include Night Time drops with melatonin and chamomile to
aid sleep as well as electrolyte-laced Restore lozenges to help
people recover from the flu or a marathon.

The report notes that leading the charge is Chief Executive
Officer Steven Silk, a veteran food-industry hand whose efforts to
shake up a staid category and company culture includes pushing out
executives, axing the iconic Sen-Sen brand and focusing more on
health and wellness -- moves that have left some analysts
skeptical.  Smith Brothers lacks the name recognition of rivals,
said Tim Barrett, a Chicago-based analyst for researcher
Euromonitor.

"Unless you're Halls or Ricola, you're going to have a hard time
getting anybody," he said in an interview.  "Why go with something
new when you're used to something else?"

The report relates that in 1847, James Smith began selling cough
candies in Poughkeepsie, New York.  Fueled by newspaper ads, the
brand gained popularity in the Northeast, and sales boomed.  His
sons William and Andrew, who inherited the business, put their own
pictures on packages to thwart copycats.  The Bernard Fox family
bought the brand in 1926 and established F&F Foods Inc., according
to the company.

The report discloses that by the time York Capital acquired F&F
for $10 million in 2010, it was "tired and bankrupt," said Zalman
Jacobs, a partner at the New York-based private-equity firm, which
manages about $16 billion in assets.  "It was very undermanaged
with this iconic brand just sort of sitting there," he said.  York
pumped in another $6 million and renamed F&F Smith Brothers.  It's
planning to put in $7 million more.


SPECTRASCIENCE INC: Board Appoints Lowell Giffhorn as New CFO
-------------------------------------------------------------
SpectraScience, Inc. announced Friday that its board of directors
has appointed Lowell Giffhorn as the Company's new Chief Financial
Officer.

Michael Oliver, President and Chief Executive Officer, said "We
look forward to working with Lowell in growing our company and
moving to the next phase of our development - continued deployment
of systems in Europe and preparation of filings to gain PMA
approval of WavSTAT4 by the FDA in the US.  Lowell brings years of
experience in finance, business operations, stockholder and
investor relations.  He has been successful at a variety of public
companies."

Mr. Giffhorn, 66, has more than 30 years of experience with public
companies, including serving as CFO for Sym-Tek Systems, Inc.,
Patriot Scientific Inc., Imagenetix, Inc., and Brendan
Technologies, Inc. Mr. Giffhorn received his MBA from National
University and his BS from the University of Illinois.

"It is an honor to join SpectraScience as Chief Financial Officer
and work towards positively impacting the cancer screening and
diagnostics industry," said Mr. Giffhorn.  "I look forward to
working with Mike, the board of directors and the SpectraScience
team to increase the value of our Company for both our employees
and shareholders."

                       About SpectraScience

SpectraScience, Inc. (OTC QB: SCIE) is a San Diego based medical
device company that designs, develops, manufactures and markets
spectrophotometry systems capable of determining whether tissue is
normal, pre-cancerous or cancerous without physically removing
tissue from the body.  The WavSTAT(TM) Optical Biopsy System uses
light to optically scan tissue and provide the physician with an
immediate analysis.

                           *     *     *

As reported in the TCR on April 25, 2013, McGladrey LLP, in Des
Moines, Iowa, in its report on the Company's financial statements
for the year ended Dec. 31, 2012, said that the Company has
suffered recurring losses from operations and its ability to
continue as a going concern is dependent on the Company's ability
to attract investors and generate cash through issuance of equity
instruments and convertible debt.  "This raises substantial doubt
about the Company's ability to continue as a going concern."


SPRINGLEAF FINANCE: Appoints Jay Levine as President and CEO
------------------------------------------------------------
On Sept. 30, 2013, Springleaf Finance Inc. and Springleaf General
Services Corporation entered into an employment agreement with Jay
Levine pursuant to which he serves as Springleaf's President and
Chief Executive Officer.

The initial term of the agreement expires on Dec. 31, 2015, and
the agreement will automatically be renewed for additional one-
year terms thereafter unless either party provides notice of non-
renewal to the other at least 90 days before expiration of the
then-current term.

A copy of the Form 8-K filing is available at http://is.gd/jGgkzQ

                     About Springleaf Finance

Springleaf was incorporated in Indiana in 1927 as successor to a
business started in 1920.  From Aug. 29, 2001, until the
completion of its sale in November 2010, Springleaf was an
indirect wholly owned subsidiary of AIG.  The consumer finance
products of Springleaf and its subsidiaries include non-conforming
real estate mortgages, consumer loans, retail sales finance and
credit-related insurance.

As of June 30, 2013, the Company had $13.47 billion in total
assets, $12.18 billion in total liabilities and $1.28 billion in
total shareholders' equity.

                           *     *     *

In the June 5, 2012, edition of the TCR, Moody's Investors Service
downgraded Springleaf Finance Corporation's senior unsecured and
corporate family ratings to Caa1 from B3.  The downgrade reflects
Springleaf's funding constraints and uncertain liquidity outlook,
increased operational stresses, and record of operating losses
since early 2008.

As reported by the TCR on Sept. 2, 2013, Fitch Ratings has
upgraded the long-term Issuer Default Rating (IDR) of Springleaf
Finance Corporation to 'B-' from 'CCC'.  The rating upgrades
primarily reflect the significant progress made by the company
toward repaying near-term debt and extending its liquidity runway,
combined with improved operating performance, highlighted by the
return to profitability in 2Q13.

As reported in the TCR on Sept. 19, 2013, Fitch Ratings expects to
rate Springleaf Finance Corporation's $150 million senior
unsecured notes due 2021 and $100 million senior unsecured notes
due 2023 'B-/RR4'.

Fitch also expects to rate Springleaf's $500 million senior
unsecured notes due 2021 and $200 million senior unsecured noted
due 2023 'B-/RR4'.  These notes were issued by Springleaf in a
privately negotiated exchange for $700 million of the company's
existing 6.90% medium term notes due 2017.

As reported in the TCR on Sept. 20, 2013, Standard & Poor's
Ratings Services said it assigned its 'CCC+' rating on Springleaf
Finance Corp.'s $650 million senior unsecured notes due in 2021
and $300 million senior unsecured notes due in 2023.  S&P also
assigned a 'B' rating on Springleaf Financial Funding Co.'s $250
million senior secured term loan due in 2019.  In addition, S&P
affirmed its 'B' issue rating on the company's senior secured term
loans.  At the same time, S&P affirmed its 'B-' issuer credit
rating on Springleaf.  The outlook remains stable.


STELERA WIRELESS: American Legal Okayed as Notice Agent
-------------------------------------------------------
The Hon. Niles Jackson of the U.S. Bankruptcy Court for the
Western District of Oklahoma authorized Stelera Wireless, LLC, to
employ American Legal Claims Services, LLC as official noticing
agent retroactive to July 18, 2013.

As reported in the Troubled Company Reporter on Aug. 23, 2013,
ALCS is expected to, among other things, perform certain noticing
functions and perform such other services requested by the Debtor
in accordance with the agreement.

To the best of ALCS's knowledge, it is a "disinterested person" as
that term is defined in 11 U.S.C. Section 101(14).

                    About Stelera Wireless, LLC

Stelera Wireless, LLC, filed a Chapter 11 petition (Bankr. W.D.
Okla. Case No. 13-13267) on July 18, 2013.  Tim Duffy signed the
petition as chief technology officer/manager.  Judge Niles L.
Jackson presides over the case.  The Debtor disclosed $18,005,000
in assets and $30,809,314 in liabilities as of the Chapter 11
filing.  Christensen Law Group, PLLC, serves as the Debtor's
primary counsel.  Mulinix Ogden Hall & Ludlam, PLLC, serves as
additional bankruptcy counsel.

The Debtor will hold an auction on Nov. 20, 2013 at 9:00 a.m., to
sell their FCC licenses.

U.S. Trustee Richard A. Wieland appointed three members to the
official committee of unsecured creditors.


STELERA WIRELESS: Christensen Law Group Approved as Bankr. Counsel
------------------------------------------------------------------
The Hon. Niles Jackson of the U.S. Bankruptcy Court for the
Western District of Oklahoma authorized Stelera Wireless, LLC, to
employ Christensen Law Group, P.L.L.C. as bankruptcy counsel.

As reported in the Troubled Company Reporter on Aug. 22, 2013,
J. Clay Christensen, Esq., D. Michael O'Neil, Esq., and Jonathan
M. Miles, Esq., will be primarily responsible for CLG's bankruptcy
representation of the Debtor.

The professional services CLG will be required to render include,
in special counsel role, local and conflicts counsel with an eye
toward not duplicating effort with Jeffrey Tate, Esq., of Mulinix,
Ogden, Hall, Andrews & Ludlam, but are not limited to:

  (a) advising the Debtor with respect to its powers and duties
      as debtor-in-possession;

  (b) advising and consulting on the conduct of this Chapter 11
      case, including all of the legal and administrative
      requirements of operating in Chapter 11;

  (c) attending meetings and negotiating with representatives of
      creditors and other parties in interest;

  (d) taking all necessary actions to protect and preserve the
      Debtor's estate, including prosecuting actions on the
      Debtor's behalf, if needed, defending any actions commenced
      against the Debtor, if needed, and representing the Debtor
      in any negotiations concerning the sale of its property;

  (e) preparing pleadings in connection with the Chapter 11 case,
      including motions, applications, answers, draft orders,
      reports and other documents necessary or otherwise
      beneficial to the administration of the Debtor's estate;

  (f) representing the debtor in connection with obtaining
      authority to sell certain property of the estate;

  (g) appearing before the Court and any appellate courts to
      represent the interests of the Debtor's estate;

  (h) negotiating and documenting agreements for the Section 363
      sale or dispositions of Debtor's primary assets; and

  (i) performing all other necessary legal services for the Debtor
      in connection with the prosecution of the Chapter 11 case,
      including: (a) analyzing the Debtor's agreement to sell
      property; (b) analyzing the Debtor's leases and contracts
      and the assumption and assignment or rejection thereof; and
      (c) analyzing the validity of liens asserted against the
      Debtor and its assets.

CLG's current hourly rates are:

              Partners              $360
              Directors             $350
              Associates            $275
              Paraprofessionals     $150

During the past 3-1/2 months prior to the Petition Date, CLG
received $69,529 in fees and expenses in assisting the Debtor
counsel relating to the sale of its assets and relating to this
case.  CLG has received and holds a prepetition unused retainer
for services to be performed and reimbursement of related expenses
in the prosecution of this Chapter 11 case of $158.

To the best of the Debtor's knowledge, the Debtor believes that
CLG does not hold or represent any interest adverse to Debtor or
its estate, and that CLG is a "disinterested person" as defined in
11 U.S.C. Sec. 101(14).

                      About Stelera Wireless

Stelera Wireless, LLC, specialized in providing broadband services
to consumers and businesses in rural markets in the United States.
The Company filed a Chapter 11 petition (Bankr. W.D. Okla. Case
No. 13-13267) on July 18, 2013.  Tim Duffy signed the petition as
chief technology officer/manager.  Judge Niles L. Jackson presides
over the case.  The Debtor disclosed $18,005,000 in assets and
$30,809,314 in liabilities as of the Chapter 11 filing.  J. Clay
Christensen, Esq., at Christensen Law Group, PLLC, serves as the
Debtor's primary counsel.  Mulinix Ogden Hall & Ludlam, PLLC,
serves as additional bankruptcy counsel.  American Legal Claim
Services, LLC serves as the official noticing agent.

U.S. Trustee Richard A. Wieland appointed three members to the
official committee of unsecured creditors.


STELERA WIRELESS: May Hire Falkenberg Capital as Broker
-------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Oklahoma
authorized Stelera Wireless, LLC, to employ Falkenberg Capital
Corporation as broker retroactive to July 18, 2013.

As reported in the Troubled Company Reporter on Sept. 3, 2013,
Falkenberg Capital will assist in the sales of the Debtor's
licenses with the Federal Communications Commission.

Brian Harvey attests that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code.

On Feb. 20, 2013, the Debtor and the broker entered into an
engagement agreement, pursuant to which the broker agreed to
assist the Debtor with a sale of its FCC Licenses.  Pursuant to
the terms of the Agreement, the Broker is entitled to this fee
structure:

        Aggregate Selling       Price Commission
        -----------------       ----------------
          $0 - $1,000,000                    5%

  $1,000,001 - $2,000,000       $50,000 plus 4% or the aggregate
                                selling price from $1,000,001 to
                                $2,000,000

  $2,000,001 - $3,000,000       $90,000 plus 3% of the aggregate
                                selling price from $2,000,001 to
                                $3,000,000

   $3,000,001 - $4,000,000      $120,000 plus 2% of the aggregate
                                selling price from $3,000,001 to
                                $4,000,000

   $4,000,001 and above         $140,000 plus l % of the aggregate
                                selling price in excess of
                                $4,000,000

                      About Stelera Wireless

Stelera Wireless, LLC, specialized in providing broadband services
to consumers and businesses in rural markets in the United States.
The Company filed a Chapter 11 petition (Bankr. W.D. Okla. Case
No. 13-13267) on July 18, 2013.  Tim Duffy signed the petition as
chief technology officer/manager.  Judge Niles L. Jackson presides
over the case.  The Debtor disclosed $18,005,000 in assets and
$30,809,314 in liabilities as of the Chapter 11 filing.  J. Clay
Christensen, Esq., at Christensen Law Group, PLLC, serves as the
Debtor's primary counsel.  Mulinix Ogden Hall & Ludlam, PLLC,
serves as additional bankruptcy counsel.  American Legal Claim
Services, LLC serves as the official noticing agent.

U.S. Trustee Richard A. Wieland appointed three members to the
official committee of unsecured creditors.


STELERA WIRELESS: Authorized to Hire Mulinix Ogden as Counsel
-------------------------------------------------------------
The Hon. Niles Jackson of the U.S. Bankruptcy Court for the
Western District of Oklahoma authorized Stelera Wireless, LLC, to
employ Mulinix Ogden Hall & Ludlam, PLLC as additional bankruptcy
counsel.

As reported in the Troubled Company Reporter on Aug. 22, 2013, the
professional services which MOHL is to render will include, among
other things:

  (a) giving the Debtor legal advice with respect to its powers,
      duties and obligations as Debtor in Possession in the
      operation of its business and management of its assets;

  (b) advising the Debtor regarding the conduct of this Chapter 11
      case, including the legal and administrative requirements of
      a Chapter 11 case;

  (c) participating in meetings and negotiations with creditors
      and other parties in interest;

  (d) evaluating litigation matters and if necessary participate
      in the prosecution or defense of such matters; and

  (e) preparing, on debtor's behalf, such pleadings, applications,
      motions, answers, orders, reports and other legal papers as
      may be necessary during the conduct of these proceedings.

MOHL's current hourly rates are:

     Members:              $330 to $350
     Associates:           $150 to $200
     Paraprofessionals         $75

Prior to the Petition Date, MOHL received $20,997 for fees and
expenses in advising the Debtor and preparing for the filing of
its Chapter 11 Petition and related documents.

MOHL believes it is a "disinterested person," as defined in
11 U.S.C. Section 101(14).

                    About Stelera Wireless, LLC

Stelera Wireless, LLC, filed a Chapter 11 petition (Bankr. W.D.
Okla. Case No. 13-13267) on July 18, 2013.  Tim Duffy signed the
petition as chief technology officer/manager.  Judge Niles L.
Jackson presides over the case.  The Debtor disclosed $18,005,000
in assets and $30,809,314 in liabilities as of the Chapter 11
filing.  Christensen Law Group, PLLC, serves as the Debtor's
primary counsel.  Mulinix Ogden Hall & Ludlam, PLLC, serves as
additional bankruptcy counsel.

The Debtor will hold an auction on Nov. 20, 2013 at 9:00 a.m., to
sell their FCC licenses.

U.S. Trustee Richard A. Wieland appointed three members to the
official committee of unsecured creditors.


STOCKTON, CA: Trades City Hall to Assured in Settlement
-------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that Stockton, the bankrupt California
city, will give an office building it had planned to use as a new
city hall to Assured Guaranty Corp. as part of a deal to end their
fight over how to restructure $164.7 million in bonds the company
had insured.

According to the report, assured already has control of the
building and would gain ownership as well under a proposed
agreement, Connie Cochran, a spokeswoman for the city, said in a
phone interview.  The deal was presented to the city council on
Oct. 3 at a special meeting on Stockton's bankruptcy-exit plan.
The council voted to authorize the city manager to file the plan
with the court.  For the settlement to become final, city voters
must approve a sales-tax increase next month and a federal judge
must approve the exit plan, Assured said in a statement.  "The
settlement includes a unique and innovative instrument that
enables Assured to participate in the city's future revenue
growth," the company said Oct. 3 in an e-mailed statement.

The report notes that the settlement would be part of the city's
bankruptcy-exit plan, known as a plan of adjustment.

                       About Stockton, Calif.

The City of Stockton, California, filed a Chapter 9 petition
(Bankr. E.D. Cal. Case No. 12-32118) in Sacramento on June 28,
2012, becoming the largest city to seek creditor protection in
U.S. history.  The city was forced to file for bankruptcy after
talks with bondholders and labor unions failed.  Stockton
estimated more than $1 billion in assets and in excess of
$500 million in liabilities.

The city, with a population of about 300,000, identified the
California Public Employees Retirement System as the largest
unsecured creditor with a claim of $147.5 million for unfunded
pension costs.  In second place is Wells Fargo Bank NA as trustee
for $124.3 million in pension obligation bonds.  The list of
largest creditors includes $119.2 million owing on four other
series of bonds.

The city is being represented by Marc A. Levinson, Esq., and John
W. Killeen, Esq., at Orrick, Herrington & Sutcliffe LLP.  The
petition was signed by Robert Deis, city manager.

Mr. Levinson also represented the city of Vallejo, Cal. in its
2008 bankruptcy.  Vallejo filed for protection under Chapter 9
(Bankr. E.D. Cal. Case No. 08-26813) on May 23, 2008, estimating
$500 million to $1 billion in assets and $100 million to $500
million in debts in its petition.  In August 2011, Vallejo was
given green light to exit the municipal reorganization.   The
Vallejo Chapter 9 plan restructures $50 million of publicly held
debt secured by leases on public buildings.  Although the Plan
doesn't affect pensions, it adjusts the claims and benefits of
current and former city employees.  Bankruptcy Judge Michael
McManus released Vallejo from bankruptcy on Nov. 1, 2011.

The bankruptcy judge on April 1, 2013, ruled that the city of
Stockton is eligible for municipal bankruptcy in Chapter 9.


STRATUS MEDIA: To Merge with Two Biopharmaceutical Companies
------------------------------------------------------------
Stratus Media Group, Inc., plans to enter the dermatological
industry with the execution of a definitive merger agreement with
two related companies - Canterbury Laboratories, LLC, and Hygeia
Therapeutics, Inc.  Upon the closing, Stratus, which will be
renamed Restorgenex Corporation, plans to create a world-class
cosmeceutical and pharmaceutical company in the large and
expanding field of dermatology and restorative medicine.  The
merger agreement was approved by the board of directors of all
companies and is expected to close following the satisfaction of
customary closing conditions including the completion of the audit
of Canterbury and Hygeia.  Upon the closing, Stratus will acquire
the exclusive license for 24 patent-protected compounds from Yale
University.  These unique compounds address hormonal aging and are
scientifically validated to improve the appearance of skin and
hair.  Upon the closing, Restorgenex Corporation plans to build an
anti-aging skincare brand for women over forty-five.

"We are honored to have Dr. Barer and Mr. Blech, two highly
accomplished biotechnology entrepreneurs, join our Board of
Directors and help build the company into a leader in the
biopharmaceutical industry."

As part of this merger and its commitment to biopharmaceuticals,
the company also announced the appointment of Sol J. Barer, Ph.D.,
the former chairman and CEO of Celgene who has more than 30 years
of experience with publicly traded biotechnology companies, as
Chairman of its Board of Directors, and Isaac Blech, a leading
biotechnology entrepreneur and investor, as Vice Chairman of its
Board of Directors.  Both will assume these positions effective
Nov. 1, 2013.

Dr. Barer spent 18 years leading Celgene as president, COO and
CEO, culminating with his tenure as Celgene's executive chairman
and chairman before retiring in June 2011.  Under his helm,
Celgene became the third largest independent biotechnology company
in the world and a member of the S&P 500 with a current market
capitalization exceeding $60 billion.  Dr. Barer serves on the
Board of several companies including: Amicus Therapeutics, Inc.
and Aegerion Pharmaceuticals, Inc., and is Chairman of the Board
of Cerecor, Inc., ContraFect Corp., InspireMD, Inc., Medgenics,
Inc., Edge Therapeutics, Inc., and Centrexion Corporation.

Over the past three decades, Mr. Blech has become one of the most
successful private company founders and financiers in the
biotechnology industry.  He has been instrumental in establishing
some of the world's leading biotechnology companies including
Celgene Corporation, Genetic Systems Corporation, ICOS
Corporation, Nova Pharmaceutical Corporation and PathoGenesis
Corporation.  These companies are responsible for major advances
in oncology, infectious disease and cystic fibrosis. Current roles
include: Founder, Vice Chairman, Cerecor, Inc., a private company
developing new treatments for central nervous system disorders;
Director, ContraFect Corporation, a private company developing
therapies for infectious diseases; Vice Chairman, Premier Alliance
Group, an energy and financial regulation consulting company;
Director, Medgenics, Inc., a company with a novel approach to gene
therapy; Vice Chairman, SpendSmart Payments, Inc., an innovator in
e-commerce, Edge Therapeutics, Inc., a research leader in brain
trauma, and Centrexion Corporation, a pain control company.

"We are honored to have Dr. Barer and Mr. Blech, two highly
accomplished biotechnology entrepreneurs, join our Board of
Directors and help build the company into a leader in the
biopharmaceutical industry," said Jerold Rubinstein, current
Chairman and CEO of Stratus.  Mr. Rubinstein will remain a member
of the Board of Directors and serve as Chairman of the company's
audit committee.

As part of the transaction, Founder and Chief Executive Officer of
Canterbury Laboratories and Hygeia Therapeutics, Yael Schwartz,
Ph.D., will join the Restorgenex's Board of Directors.  Dr.
Schwartz will also serve as President of the Canterbury and Hygeia
division of the company.  Dr. Schwartz has over 20 years combined
experience in both drug development and academic research.  Prior
to founding Hygeia Therapeutics, she held positions of increasing
responsibility at Sepracor where she had direct responsibility for
the pharmacology content of numerous INDs and NDAs for CNS and
respiratory drugs.  The earlier part of her career included stints
at both Parexel International and the Dana-Farber Cancer Institute
where she worked on cardiovascular medications and cancer
therapeutics, respectively.  Over the course of her career, five
of the drugs she helped to discover and develop obtained FDA
approval and are currently used in clinical practice.

                        About Stratus Media

Santa Barbara, Calif.-based Stratus Media Group, Inc., is an
owner, operator and marketer of live sports and entertainment
events.  Subject to the availability of capital, the Company
intends to aggregate a large number of complementary live sports
and entertainment events across North America and internationally.

Stratus Media disclosed a net loss of $6.84 million on $374,542 of
total revenues for the year ended Dec. 31, 2012, as compared with
a net loss of $23.63 million on $570,476 of total revenues for the
year ended Dec. 31, 2011. The Company's balance sheet at March 31,
2013, showed $2.18 million in total assets, $21.92 million in
total liabilities and a $19.73 million total shareholders'
deficit.

Goldman Kurland and Mohidin LLP, in Encino, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that Stratus Media has suffered recurring losses
and has negative cash flow from operations which conditions raise
substantial doubt as to the ability of the Company to continue as
a going concern.


TAYLOR BEAN: Deloitte & Touche Settles Lawsuits Over Collapse
-------------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that Deloitte & Touche LLP settled lawsuits
by Taylor, Bean & Whitaker Mortgage Corp.'s bankruptcy trustee and
Deutsche Bank AG over $7.6 billion in losses associated with the
collapse of the mortgage lender.

According to the report, the bankruptcy trustee, Neil Luria, and
Taylor Bean's Ocala Funding unit sued Deloitte in September 2011
over claims the accounting firm failed to detect a fraud that led
to losses at the defunct lender.  Deutsche Bank, which filed its
complaint in December 2011, invested in asset-backed notes issued
by Ocala based on Deloitte's audits of Taylor Bean's financial
statements from 2005 through July 2009.  "The cases were settled
to the mutual satisfaction of the parties," plaintiffs' attorney
Steven Thomas said Oct. 3 in a phone interview.  Settlement terms
are confidential, he said.

The report notes that the settlement comes ahead of an Oct. 21
trial in the case.

Taylor Bean, once the 12th-largest U.S. mortgage lender, collapsed
in 2009 after federal regulators began probing a fraud that
involved fake mortgage assets, targeted the federal bank bailout
program and contributed to the failure of Montgomery, Alabama-
based Colonial Bank.  Deloitte, one of the so-called Big Four
accounting firms, allegedly ignored red flags in Taylor Bean's
books, allowing the lender's former chairman, Lee Farkas, to
orchestrate a fraud that toppled the company, according to the
complaints.

The cases are Ocala Funding LLC v. Deloitte & Touche LLP, 11-
30957-CA-40; Deutsche Bank AG v. Deloitte & Touche LLP, 11-43773-
CA-40, Circuit Court of the 11th Judicial Circuit, Miami-Dade
County, Florida.

                         About Ocala Funding

Orange, Florida-based Ocala Funding, LLC, a funding vehicle once
controlled by mortgage lender Taylor Bean & Whitaker Mortgage
Corp., filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
12-04524) in Jacksonville on July 10, 2012.

Ocala Funding used to be the largest originator and servicer of
residential loans.  Ocala was created by Taylor Bean to purchase
loans originated by TBW and selling the loans to third parties,
Freddie Mac.  In furtherance of this structure Ocala raised money
from noteholders Deutsche Bank AG and BNP Paribas Mortgage Corp.
and other financial institutions, as secured lenders through sales
of asset-backed commercial paper.  Ocala disclosed $1,747,749,787
in assets and $2,650,569,181 in liabilities as of the Chapter 11
filing.

Taylor Bean was forced to file for Chapter 11 relief (Bankr. M.D.
Fla. Case No. 09-07047) on Aug. 24, 2009, amid allegations of
fraud by Taylor Bean's former CEO Lee Farkas and other employees.
Mr. Farkas is now serving a 30-year prison term for 14 counts of
conspiracy and fraud for being the mastermind of a $2.9 billion
bank fraud.  Mr. Farkas allegedly directed the sale of more than
$1.5 billion in fake mortgage assets to Colonial Bank and
misappropriated more than $1.5 billion from Ocala.  TBW's
bankruptcy also caused the demise of Colonial Bank, which for
years was TBW's primary bank.

TBW and its joint debtor-affiliates confirmed their Second Amended
Joint Plan of Liquidation on July 21, 2011, and the TBW Plan
became effective on Aug. 10, 2011.  The TBW Plan established the
TBW Plan Trust to marshal and distribute all remaining assets of
TBW.

Neil F. Lauria, as CRO for TBW and trustee of the TBW Plan Trust,
signed the Chapter 11 petition of Ocala.

Ocala holds 252 mortgage loans with an unpaid balance of $42.3
million as of May 31, 2012.  The Debtor also holds five "real
estate owned" properties resulting from foreclosures.  The Debtor
also holds $22.4 million in proceeds of mortgage loans previously
owned by it that are on deposit in an account in the Debtor's name
at Regions Bank.  It also has an interest in $75 million in cash,
consisting of proceeds of mortgage loans previously owned by the
Debtor, that are in an account maintained by Bank of America, N.A.
as prepetition indenture trustee for the benefit of the
Noteholders.  The Debtor also holds a claim in the current amount
of $1.6 billion against the estate of TBW.

The largest unsecured creditors include the Federal Deposit
Insurance Corp., owed $898,873,958; and Cadwalader, Wickersham &
Taft LLP, owed $1,632,385.

Judge Jerry A. Funk presides over Ocala's case.  Proskauer Rose
LLP and Stichter, Riedel, Blain & Prosser, serve as Ocala's
counsel.  Neil F. Lauria at Navigant Capital Advisors, LLC, serves
as the Debtor's Chief Restructuring Officer.

Ocala implemented a Chapter 11 plan in July 2013 to carry out an
agreement reached before bankruptcy with holders of almost all of
its $1.5 billion in secured and $800 million in unsecured claims.
The plan created a trust to prosecute lawsuits on behalf of
creditors with more than $2.5 billion in claims.

                       About Taylor Bean

Taylor, Bean & Whitaker Mortgage Corp. grew from a small Ocala-
based mortgage broker to become one of the largest mortgage
bankers in the United States.  In 2009, Taylor Bean was the
country's third largest direct-endorsement lender of FHA-insured
loans of the largest wholesale mortgage lenders and issuer of
mortgage backed securities.  It also managed a combined mortgage
servicing portfolio of approximately $80 billion.  The company
employed more that 2,000 people in offices located throughout the
United States.

Taylor Bean sought Chapter 11 protection (Bankr. M.D. Fla. Case
No. 09-07047) on Aug. 24, 2009.  Taylor Bean filed the Chapter 11
petition three weeks after federal investigators searched its
offices.  The day following the search, the Federal Housing
Administration, Ginnie Mae and Freddie Mac prohibited the company
from issuing new mortgages and terminated servicing rights.
Taylor Bean estimated more than $1 billion in both assets and
liabilities in its bankruptcy petition

Lee Farkas, the former chairman, was sentenced in June to 30 years
in federal prison after being convicted on 14 counts of conspiracy
and bank, wire and securities fraud in what prosecutors said was a
$3 billion scheme involving fake mortgage assets.

Jeffrey W. Kelly, Esq., and J. David Dantzler, Jr., Esq., at
Troutman Sanders LLP, in Atlanta, Ga., and Russel M. Blain, Esq.,
and Edward J. Peterson, III, Esq., at Stichter, Riedel, Blain &
Prosser, PA, in Tampa, Fla., represent the Debtors.  Paul Steven
Singerman, Esq., and Arthur J. Spector, Esq., at Berger Singerman
PA, in Miami, Fla., represent the Committee.  BMC Group, Inc.,
serves as the claims and noticing agent.

Unsecured creditors were expected to receive 3.3% to 4.4% under a
Chapter 11 plan approved in July 2011.


TELETOUCH COMMUNICATIONS: Files Bankruptcy to Liquidate
-------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that Teletouch Communications Inc., a
wireless service provider, will be liquidated after seeking
bankruptcy protection from creditors.  Teletouch didn't provide a
reason for the filing.

According to report, the company, based in Fort Worth, Texas,
listed debt of less than $10 million and assets of less than
$500,000 in Chapter 7 documents filed Oct. 3 in U.S. Bankruptcy
Court in Wilmington, Delaware.  Affiliate Progressive Concepts
Inc. also sought court protection.

The report notes that under Chapter 7 of the Bankruptcy Code, a
trustee is automatically appointed to take over the company and
liquidate the assets for the benefit of creditors.

All remaining employees were terminated as of Sept. 27, according
to court documents.

The case is In re Teletouch Communications Inc., 13- bk-12620,
U.S. Bankruptcy Court, District of Delaware (Wilmington).

                           About Teletouch

Teletouch Communications, Inc., offered wireless
telecommunications solutions, including cellular, two-way radio,
GPS-telemetry and wireless messaging for more than 48 years,
according to its website.  Teletouch operated a chain of 26 retail
and agent stores under the "Teletouch" and "Hawk Electronics"
brands, in conjunction with its direct sales force, customer care
(call) centers and various retail eCommerce Web sites including:
http://www.hawkelectronics.com/and http://www.hawkexpress.com/

Through its wholly-owned subsidiary, Progressive Concepts, Inc.,
Teletouch operated a national distribution business, PCI
Wholesale, primarily serving large cellular carrier agents and
rural carriers, as well as auto dealers and smaller consumer
electronics retailers, with product sales and support available
through http://www.pciwholesale.com/and
http://www.pcidropship.com/among other B2B oriented Web sites.

BDO USA, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statement for the year
ended May 31, 2012.  The independent auditors noted that the
Company has increasing working capital deficits, significant
current debt service obligations, a net capital deficiency along
with current and predicted net operating losses and negative cash
flows which raise substantial doubt about its ability to continue
as a going concern.

For the nine months ended Feb. 28, 2013, the Company incurred a
net loss of $622,000 on $14.94 million of total operating
revenues, as compared with net income of $4 million on
$19.02 million of total operating revenues for the nine months
ended Feb. 29, 2012.  The Company's balance sheet at Feb. 28,
2013, showed $10.38 million in total assets, $16.91 million in
total liabilities and a $6.53 million total shareholders' deficit.


TRINITY COAL: Hires Rose Law as West Virginia Tax Counsel
---------------------------------------------------------
Trinity Coal Corporation and its debtor-affiliates asks permission
from the U.S. Bankruptcy Court for the Eastern District of
Kentucky to employ Herschel H. Rose III and Rose Law Office as
special counsel, nunc pro tunc to Aug. 22, 2013.

The Debtors require Rose Law to provide general tax advice related
to West Virginia property taxes; negotiate with West Virginia
authorities regarding property tax assessments and related
services.

Rose Law will be paid at these hourly rates:

       Herschel H. Rose, III     $300
       Steve Broadwater          $275

Rose Law will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Rose, member Rose Law Office, assured the Court that the firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

Rose Law can be reached at:

       Herschel H. Rose, III, Esq.
       Rose Law Office
       300 Summers Street, Suite 1440
       Charleston, WV 25301-1631
       Tel: (304) 342-5050
       Fax: (304) 342-0455

                     About Trinity Coal

Trinity Coal Corp. is a coal mining company that owns coal
deposits located in the Appalachian region of the eastern United
States, specifically, in Breathitt, Floyd, Knott Magoffin, and
Perry Counties in eastern Kentucky and in Boone, Fayette, Mingo,
McDowell and Wyoming Counties in West Virginia.

Trinity's coal mining operations are organized into six distinct
coal mining complexes. Three complexes are located in Kentucky and
are referred to as Prater Branch Resources, Little Elk Mining and
Levisa Fork.  The Kentucky Operations produced compliance and low
sulfur steam coal.  Three complexes are located in West Virginia
and are referred to as Deep Water Resources, North Springs
Resources and Falcon Resources.

Trinity is a wholly owned subsidiary of privately held
multinational conglomerate Essar Global Limited.

Credit Agricole Corporate & Investment Bank, ING Capital LLC and
Natixis, New York Branch filed an involuntary petition for relief
under Chapter 11 against Trinity Coal Corporation and 15
affiliates (Bankr. E.D. Ky. Lead Case No. 13-50364).  The three
entities say they are owed a total of $104 million on account
loans provided to Trinity.

On Feb. 14, 2013, Austin Powder Company, Whayne Supply Company and
Cecil I. Walker Machinery Co. filed an involuntary petition for
relief under Chapter 11 (Bankr. E.D. Ky. Case No. 13-50335)
against Frasure Creek Mining, LLC.  On Feb. 19, 2013, Credit
Agricole, ING Capital and Natixis joined as petitioning creditors.

On March 4, 2013, the Debtors filed their consolidated answer to
involuntary petitions and consent to an order for relief and
reservation of rights, thereby consenting to the entry of an order
for relief in each of their respective Chapter 11 cases.  An order
for relief in each of the Debtors was entered by the Court on
March 4, 2013, which converted the involuntary cases to voluntary
Chapter 11 cases.

Steven J. Reisman, Esq., L. P. Harrison 3rd, Esq., Jerrold L.
Bregman, Esq., and Dienna Ching, Esq., at CURTIS, MALLET-PREVOST,
COLT & MOSLE LLP, in New York, N.Y.; and John W. Ames, Esq., C.R.
Bowles, Jr., Esq., and Bruce Cryder, Esq., at BINGHAM GREENEBAUM
DOLL LLP, in Lexington, Ky., represent the Debtors as counsel.

Attorneys at Foley & Lardner LLP, in Chicago, Ill., represent the
Official Committee of Unsecured Creditors as counsel.  Sturgill,
Turner, Barker & Maloney, PLLC, in Lexington, Ky., represents the
Official Committee of Unsecured Creditors as local counsel.


TWEETER HOME: Twitter Look-Alike Triggers 684% Surge in Trading
---------------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that Tweeter Home Entertainment Group Inc.,
the once-bankrupt home-entertainment retailer, surged 684 percent
on Oct. 4 before trading was halted as traders confused the
company with the micro blogging service Twitter Inc. which is in
the process of offering shares to the public.

According to the report, the Canton, Massachusetts-based company
trades over the counter under the ticker TWTRQ.  Twitter, which is
seeking to raise $1 billion in its initial share sale, will list
under the ticker TWTR.  Trading of Tweeter was halted at 12:42
p.m. New York time on Oct. 4 under the code U3, according to OTC
Bulletin Board.  "An extraordinary event has occurred or is
ongoing that has had a material effect on the market," it said.
The stock rallied as much as 2,200 percent to 15 cents.  "Somebody
probably got confused ahead of the Twitter IPO and either
misspelled the name of the company or mistyped the ticker by
adding a Q at the end," Larry Peruzzi, senior equity trader at
Cabrerra Capital Markets LLC in Boston, said by phone.  "The
stocks like Tweeter and Lehman Brothers are out there and are
completely unregulated where somebody can just buy a few thousand
shares and it's off to the races."

The report discloses that in the most anticipated technology
offering since Facebook Inc., San Francisco-based Twitter made
public its S-1 prospectus Oct. 3 and said it's seeking to raise $1
billion.  The documents suggested a valuation of $12.8 billion.

                          About Tweeter Home

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- sold mid-to high-end audio and
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case Nos. 07-10787 through 07-10796).  Gregg M.
Galardi, Esq., Mark L. Desgrosseilliers, Esq., and Sarah E.
Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP,
represented the Debtors.  Kurtzman Carson Consultants LLC acted as
the Debtors' claims and noticing agent.

Bruce Grohsgal, Esq., William P. Weintraub, Esq., and Rachel Lowy
Werkheiser, Esq., at Pachulski Stang Ziehl & Jones LLP; and Scott
L. Hazan, Esq., Lorenzo Marinuzzi, Esq., and Todd M. Goren, Esq.,
at Otterbourg, Steindler, Houston & Rosen, P.C., represented the
Official Committee of Unsecured Creditors.

As of Dec. 21, 2006, Tweeter had total assets of $258,573,353 and
total debts of $190,417,285.  The Debtors' exclusive period to
file a plan of reorganization expired on June 5, 2008.


UNIVERSITY GENERAL: Presented at Annual Singular Research Forum
---------------------------------------------------------------
University General Health System, Inc., furnished with the U.S.
Securities and Exchange Commission a copy of the investor
presentation used at the Singular Research 8th Annual Best of the
Uncovered Conference on Thursday, Oct. 3, 2013.  A copy of the
Investor Presentation is available for free at http://is.gd/8cUx7H

                     About University General

University General Health System, Inc., located in Houston, Texas,
is a diversified, integrated multi-specialty health care provider
that delivers concierge physician- and patient-oriented services.
UGHS currently operates one hospital and two ambulatory surgical
centers in the Houston area.  It also owns a revenue management
company, a hospitality service provider and facility management
company, three senior living facilities and manages six senior
living facilities.

In the auditors' report accompanying the consolidated financial
statements for the year ended Dec. 31, 2011, Moss, Krusick &
Associates, LLC, in Winter Park, Florida, expressed substantial
doubt about University General's ability to continue as a going
concern.  The independent auditors noted that the Company has
suffered recurring losses and negative operating cash flows, and
has negative working capital.

University General reported a net loss of $2.38 million in 2011,
following a net loss of $1.71 million in 2010.  The Company's
balance sheet, as restated, at Sept. 30, 2012, showed $140.42
million in total assets, $128.38 million in total liabilities,
$3.22 million in series C, convertible preferred stock, and
$8.81 million in total equity.


VYCOR MEDICAL: Fountainhead Held 65.1% Equity Stake at Sept. 24
---------------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Fountainhead Capital Management Limited
disclosed that as of Sept. 24, 2013, it beneficially owned
4,226,125 shares of common stock of Vycor Medical, Inc.,
representing 65.1 percent of the shares outstanding.

On Sept. 24, 2013, Fountainhead sold warrants to purchase 15,189
shares of Vycor Medical common stock par value $0.0001 it had
previously held to third parties.  As a result of that sale,
Fountainhead's previously-reported holdings of Vycor Medical
Common Stock par value $0.0001 (including shares which it has the
option to acquire within 60 days of that date) were reduced to a
total of 4,226,125 shares, comprising ownership of 3,545,197
shares and Warrants to purchase 343,411 shares at an exercise
price of $1.88 per share prior to Feb. 10, 2015, and Warrants to
purchase 337,517 shares at an exercise price of $2.62 per share
prior to Sept. 29, 2015.

A copy of the regulatory filing is available at:

                       http://is.gd/bbpMnz

                       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.


WAFERGEN BIO-SYSTEMS: Completes $15 Million Private Placement
-------------------------------------------------------------
WaferGen Bio-systems, Inc., has completed a private placement to
accredited investors of $15,037,500 of units consisting of shares
of common stock, shares of Series 1 convertible preferred stock
and warrants to purchase shares of common stock.

As previously announced, at the initial closing of the offering on
Aug. 27, 2013, the Company sold $13,668,500 of units for net
proceeds of approximately $12,300,000.  At a subsequent closing on
Sept. 30, 2013, the Company sold an additional $1,369,000 of units
for net proceeds of approximately $1,200,000.  In the private
placement, the Company issued a total of 5,893,750 shares of
common stock, 646 shares of Series 1 preferred stock (with a
$0.001 per share liquidation preference and convertible into a
total of 1,625,000 shares of Common Stock) and 3,759,379 five-year
warrants with a $2.60 exercise price.

National Securities Corporation acted as sole placement agent in
connection with the Offering and received compensation of
approximately $1,300,000 cash and warrants to purchase 35.88 units
at an initial exercise price of $50,000 per unit.

Immediately prior to the initial closing of the private placement,
the Company completed a restructuring transaction pursuant to
which the Company exchanged shares of Series A-1 preferred stock
with a liquidation preference of approximately $17.1 million,
convertible notes with a principal amount of approximately $17.1
million and warrants exercisable for 565,180 shares of common
stock for 2,987 shares of Series 1 preferred stock (with a $0.001
per share liquidation preference and convertible into a total of
7,513,372 shares of Common Stock), 1,067,317 shares of common
stock and 2,369,000 five-year warrants with a $2.60 exercise
price.

As a result of the completion of the private placement and the
restructuring transaction, the Company's capital structure has
been dramatically simplified and its balance sheet has been
significantly strengthened.

The Company intends to use the net proceeds from the private
placement for general corporate and working capital purposes,
including commercialization activities intended to increase
revenues from sales of SmartChip TE (Target Enrichment for Next-
Generation Sequencing (NGS)) and SmartChip MyDesign (high-
throughput quantitative PCR) products.  In particular, SmartChip
TE addresses CLIA-certified and clinical research laboratories'
significant unmet needs in sequencing-based testing by providing
uniform coverage of targeted genes, yielding better test
specificity and sensitivity.  The superior performance of this new
product is based on WaferGen's proprietary technology that relies
on massively parallel singleplex PCR reactions, where
amplification is cleaner and better controlled, thereby providing
more accurate diagnostic test results in the downstream sequencing
step.  On the qPCR side, the SmartChip MyDesign System has a
powerful value proposition of content design flexibility, cost-
effectiveness, and no need for pre-amplification.

"The successful completion of these restructuring and financing
transactions represents a significant achievement for WaferGen.
In the past 18 months, we have made great strides to reposition
WaferGen for future success in our target markets.  We believe our
strengthened balance sheet will enable us to implement important
commercialization activities that are critical to the success of
our business plan," said Ivan Trifunovich, president and CEO of
WaferGen.

                     About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.

The Company's balance sheet at March 31, 2013, showed $7.1 million
in total assets, $9.3 million in total liabilities, and a
stockholder's deficit of $2.2 million.

As reported in the TCR on April 11, 2013, SingerLewak LLP, in San
Jose, California, expressed substantial doubt about WaferGen Bio-
systems' ability to continue as a going concern, citing the
Company's operating losses and negative cash flows since
inception.


WALLDESIGN INC: Panel Taps Landau Gottfried as Litigation Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of WallDesign, Inc.,
seeks authorization from the Hon. Catherine Bauer of the U.S.
Bankruptcy Court for the Central District of California to retain
Landau Gottfried & Berger LLP, nunc pro tunc to July 25, 2013, as
special litigation counsel for the Estate to investigate and, if
appropriate, prosecute claims the Estate may have against Michael
Bello, other affiliates of the Debtor, other entities acting with
or controlled by Mr. Bello and such affiliates, and third-parties
who may have received transfers for the benefit of Mr. Bello and
other affiliates of the Debtor.

Mr. Bello has been the chief executive officer of the Debtor since
Sept. 13, 2011. Mr. Bello is also the sole owner of the Debtor.

In its schedules of assets and liabilities, the Debtor's total
assets showed $16 million and total liabilities showed $26
million.  Within the one year prior to its bankruptcy, the Debtor
made payments to, among others, affiliates:

   Bello Family Trust         $600,000 unspecified purposes
   RU                         $2 million rent
   Bello vendors              $819,000 unspecified purposes
   shareholders distributions $800,0000 various third parties
   Michael Bello              $236,000 annual salary

Further investigation revealed that Mr. Bello and his affiliates
received well in excess of $10 million during the four year period
prior to the petition date.  Documents provided to the Committee
and Landau Gottfried, appeared that both prior to and after the
petition date, Mr. Bello controlled a bank account in the name of
the Debtor at preferred bank but was not disclosed on the Debtor's
schedules, statement of financial affairs or monthly operating
reports, at a time when Mr. Bello served post-petition as director
of the Debtor.  It appears the Mr. Bello may have used more than
$5 million of the Debtor's fund in that account for his personal
benefit and his affiliates and not the Debtor.

The Estate has limited available funds, currently $70,000 in
unencumbered available cash, and cannot pay Landau Gottfried for
litigation counsel on other than alternate fee basis.  Moreover,
Landau Gottfried will need to cover all of its own costs relating
to this representation, including overhead and attorney time
costs, until there are sufficient recoveries on the claims to
cover those expense.

John P. Reitman, a limited liability partner of Landau Gottfried,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Landau Gottfried can be reached at:

       John P. Reitman, Esq.
       LANDAU GOTTFRIED & BERGER LLP
       1801 Century Park East, Suite 700
       Los Angeles, CA 90067
       Tel: (310) 557-0050
       Fax: (310) 557-0056
       E-mail: jreitman@lgbfirm.com

                         About Walldesign

Walldesign Inc., incorporated in 1983, has been in the business of
installing drywall, insulation, plaster and providing related
services to single and multi-family construction projects
throughout California, Nevada and Arizona for over 20 years.
Customers include some of the largest homebuilders in the United
States, such as Pulte, DR Horton, K. Hovnanian, Toll Brothers and
KB Homes.  In fiscal 2011, Walldesign generated more than $43.5
million in annual revenues.

Walldesign, based in Newport Beach, California, said the global
credit crisis that occurred in the third quarter of 2008 had a
severe negative impact on its business: capital for construction
projects dried up, buyers vacated the market for new homes and
profit margins on new jobs eroded.  Although it has significantly
downsized its operations in an effort to remain profitable in the
recessionary conditions, cash flow problems arose during this
process.  These problems slowed payments to vendors, precipitating
collection lawsuits forcing it to seek Chapter 11 protection
(Bankr. C.D. Calif. Case No. 12-10105) on Jan. 4, 2012.

Judge Robert N. Kwan presides over the case.  Marc J. Winthrop,
Esq., Sean A. O'Keefe, Esq., and Jeannie Kim, Esq., at Winthrop
Couchot, serve as the Debtor's counsel.  In its petition, the
Debtor estimated $10 million to $50 million in assets and debts.
The petition was signed by Michael Bello, chief executive officer.

An official committee of unsecured creditors has been appointed in
the case.  The Committee tapped Jones Day as its counsel.


WORLD IMPORTS: Creditors' Panel Hires Fox Rothschild as Counsel
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of World Imports,
Ltd. asks permission from the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania to retain Fox Rothschild LLP as
counsel.

The Committee requires Fox Rothschild to:

   (a) assist, advise and represent the Committee with respect to
       the administration of this case and exercise of oversight
       with respect to the Debtor's affairs, including all issues
       arising from or impacting the Debtor, the Committee, or
       this Chapter 11 case;

   (b) provide all necessary legal advice with respect to the
       Committee's powers and duties;

   (c) assist the Committee in maximizing the value of the
       Debtor's assets for the benefit of all creditors;

   (d) participate in the formulation of and negotiation of a plan
       of reorganization and liquidation and approval of an
       associated disclosure statement;

   (e) investigate the acts, conduct, assets, liabilities, and
       financial condition of the Debtor, the operation of the
       Debtor's business and any other matter relevant to the
       Chapter 11 case or to the formulation of a plan;

   (f) commence and prosecute any and all necessary and
       appropriate actions and proceedings on behalf of the
       Committee that may be relevant to this case;

   (g) prepare on behalf of the Committee all necessary
       applications, motions, answers, orders, reports and other
       legal papers;

   (h) communicate with the Committee's constituents and others as
       the Committee may consider desirable in furtherance of its
       responsibilities;

   (i) appear in Court and protect the interest of the Committee;
       and

   (j) perform all other legal services for the Committee which
       may be appropriate, necessary and proper in this Chapter 11
       case.

Fox Rothschild will be paid at these hourly rates:

       Edward J. DiDonato        $545
       Martha Chovanes           $495
       Jason C. Manfrey          $290

Fox Rothschild will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Mr. DiDonato, Esq., partner of Fox Rothschild, assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.

Fox Rothschild can be reached at:

       Edward J. DiDonato, Esq.
       FOX ROTHSCHILD LLP
       2000 Market Street, 20th Floor
       Philadelphia, PA 19103
       Tel: (215) 299-2817
       E-mail: edidonato@foxrothschild.com

                      About World Imports

World Imports, Ltd., filed a Chapter 11 petition (Bankr. E.D. Pa.
Case No. 13-15929) on July 3, 2013, in Philadelphia.  Debtor-
affiliates World Imports South, LLC (Bankr. E.D. Pa. Case No.
13-15933), 11000 LLC (Bankr. E.D. Pa. Case No. 13-15934, and World
Imports Chicago, LLC (Bankr. E.D. Pa. Case No. 13-15935) filed
separate petitions for Chapter 11 relief.  The cases are jointly
administered under Case No. 13-15929.  John E. Kaskey, Esq., at
Braverman Kaskey, P.C., in Philadelphia, serves as counsel to the
Debtors.  World Imports, Ltd., estimated assets and debts of
$10 million to $50 million.  World Imports South, LLC, estimated
assets of $1 million to $10 million.


WOUND MANAGEMENT: Amends Manufacturing Pact with Academy Medical
----------------------------------------------------------------
Wound Care Innovations, LLC, a wholly owned subsidiary of Wound
Management Technologies, Inc., entered into a Manufacturer
Exclusive Distributor Agreement with Academy Medical, LLC.  Under
the Agreement, Academy was appointed as the exclusive distributor
for certain products in the CellerateRX line to military
hospitals, VA hospitals, and certain other facilities operated by
the U.S. Departments of Defense and Veterans Affairs.

On Oct. 1, 2013, the WCI and Academy entered into an Amendment B
to the agreement, pursuant to which the Agreement was expanded to
include certain products in the Company's surgical line, and to
provide for new sales thresholds applicable to both wound care and
surgical products.

                       About Wound Management

Fort Worth, Texas-based Wound Management Technologies, Inc.,
markets and sells the patented CellerateRX(R) product in the
expanding advanced wound care market; particularly with respect to
diabetic wound applications.

Wound Management disclosed a net loss of $1.84 million on $1.17
million of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $12.74 million on $2.21 million of revenue
during the prior year.  The Company's balance sheet at June 30,
2013, showed $1.37 million in total assets, $5.45 million in total
liabilities and a $4.07 million total stockholders' deficit.

Pritchett, Siler & Hardy, P.C., in Salt Lake City, Utah, 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
and has a working capital deficit which factors raise substantial
doubt about the ability of the Company to continue as a going
concern.


ZALE CORP: Z Investment Selling 11.1 Million Common Shares
----------------------------------------------------------
Z Investment Holdings, LLC, may offer and sell up to an aggregate
of 11,064,684 shares of Zale Corporation's common stock issuable
upon the exercise of warrants that the Company issued in a private
placement in May 2010.  The proposed maximum offering price is
$166.35 million.  The Company will not receive any proceeds from
the sale of shares offered by Z Investment.  The Company's common
stock is traded on the New York Stock Exchange under the symbol
"ZLC."  A copy of the Form S-3 prospectus is available at:

                        http://is.gd/2x9gjq

                       About Zale Corporation

Based in Dallas, Texas, Zale Corporation (NYSE: ZLC) --
http://www.zalecorp.com/-- is a specialty retailer of diamonds
and other jewelry products in North America, operating
approximately 1,695 retail locations throughout the United States,
Canada and Puerto Rico, as well as online.  Zale Corporation's
brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers,
Peoples Jewellers, Mappins Jewellers and Piercing Pagoda.  Zale
also operates online at http://www.zales.com/,
http://www.zalesoutlet.com/,
http://www.gordonsjewelers.com/and http://www.pagoda.com/

Zale Corporation disclosed net earnings of $10.01 million on $1.88
billion of revenues for the year ended July 31, 2013, as compared
with a net loss of $27.31 million on $1.86 billion of revenues for
the year ended July 31, 2012.  The Company's balance sheet at
July 31, 2013, showed $1.18 billion in total assets, $1 billion in
total liabilities and $185.32 million in total stockholders'
investment.


ZOGENIX INC: Awaits FDA Action Letter on ZohydroTM NDA
------------------------------------------------------
Zogenix, Inc., had been informed by the U.S. Food and Drug
Administration that an action letter on the New Drug Application
for ZohydroTM ER (hydrocodone bitartrate) extended-release
capsules could follow after a further delay of short duration.
The FDA had previously informed Zogenix that it expected to issue
an action letter over the summer.  The original goal date for FDA
action on the NDA under the Prescription Drug User Fee Act was
March 1, 2013.

In September 2013, the FDA announced safety labeling changes and
post-marketing requirements for extended-release and long-acting
opioid analgesics.  Previously, the FDA had indicated a decision
on the Zohydro ER NDA could follow after a significant class-wide
action on ER/LA opioid analgesics.  Following the announcement,
Zogenix and the FDA have completed the final labeling and reached
agreement on the post-marketing requirements for Zohydro ER.  The
FDA has also reconfirmed there are no deficiencies in the NDA.
While the FDA indicated its intent to take prompt action on the
Zohydro ER NDA, the timing for a decision may be impacted by the
current federal government shutdown.  The FDA indicated to Zogenix
that agency activities funded by PDUFA user-fees remain
operational.

                         About Zogenix Inc.

Zogenix, Inc. (NASDAQ: ZGNX), with offices in San Diego and
Emeryville, California, is a pharmaceutical company
commercializing and developing products for the treatment of
central nervous system disorders and pain.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012, citing recurring losses from
operations and lack of sufficient working capital which raise
substantial doubt about the Company's ability to continue as a
going concern.

Zogenix incurred a net loss of $47.38 million in 2012, as compared
with a net loss of $83.90 million in 2011.  As of June 30, 2013,
the Company had $53.39 million in total assets, $69.48 million in
total liabilities and a $16.08 million total stockholders'
deficit.


* AT&T Releases Statement on Debt Ceiling & Potential U.S. Default
------------------------------------------------------------------
AT&T Chairman and CEO Randall Stephenson said in a statement, "It
is unthinkable that the United States could default on its
financial commitments, and it would be the height of
irresponsibility for any public official to consider such a
course.  In fact, even the discussion of default poses great risk
to our economy and to our country.  It is imperative to our Nation
that the overwhelming majority of our public officials who
recognize this reality unite their efforts, regardless of party,
to bring a responsible solution forward."

AT&T Inc. is a communications holding company.  Its subsidiaries
and affiliates are the providers of AT&T services in the United
States and internationally.


* Fitch Says Gov't Shutdown Duration Could Affect Title Insurers
----------------------------------------------------------------
Just how long the U.S. government shutdown lasts will be a key
variable in determining the impact, if any, for U.S. title
insurance companies' margins, according to Fitch Ratings.  Title
insurers are sensitive to macroeconomic factors such as employment
levels, consumer sentiment, and interest rates and therefore the
duration of the shutdown is a vital factor in determining its
affect. The longer the government shutdown lasts, the bigger the
potential profitability impact to title insurers.

Fannie Mae and Freddie Mac operations have been largely
unaffected. However, to the extent that these agencies rely on
verifications and other functions from other government agencies
(notably the Internal Revenue Service, Social Security
Administration, and the Department of Housing and Urban
Development), title closings could be delayed or cancelled.

The Federal Housing Administration is affected by the slowdown but
as long as slowdown is brief, the impact on title insurers should
not be significant. As the shutdown duration increases, these
government entities will not be adequately able to process demand
for their services, thereby decreasing mortgage originations and
title orders.

From a broader economic perspective, Goldman Sachs has estimated
that the shutdown will reduce GDP growth by 0.2% in 4Q13 on an
annualized basis if it lasts a week and 0.4% if it lasts two
weeks. Goldman Sachs is predicting that 1Q14 will experience a
bounce back of equal magnitude if the shutdown is resolved
shortly.

It is more difficult to quantify how the shutdown will affect
broader consumer economic sentiments about the housing market.
However, Fitch believes that as long as the shutdown is brief,
consumer confidence will likely not be materially affected. The
housing market has improved over the past several quarters, but
tepid economic recovery and continued uncertainty has slowed
momentum. The largest variables influencing title orders are
increasing interest rates, tighter lending standards, and low
housing inventory in certain markets.

At this time, Fitch does not anticipate the government shutdown to
affect ratings, as near-term pressure will come from a reduction
in title orders that will pressure 4Q13 margins. The title
insurance industry's capital position remains adequate.


* Banks' Living Wills Pass Pain to Shareholders in Bankruptcy
-------------------------------------------------------------
Michael Bathon, substituting for Bloomberg bankruptcy columnist
Bill Rochelle, reports that 11 banks, including Goldman Sachs
Group Inc. and Citigroup Inc., envision shareholders absorbing
losses, managers getting fired and assets being sold off as the
firms filed "living wills" designed to ensure an orderly wind-down
if they should ever go bankrupt.

According to the report, Goldman Sachs gave regulators three
scenarios in the public portion of the document it posted Oct. 3,
with a preferred option centered on forgiving intercompany debts
to help units wind down smoothly even during an economic crisis.

The report notes that Citigroup's alternatives included selling
assets and closing units, with the bank adding that its senior
management and board "would presumably be replaced at the behest
of regulators."  The two New York-based banks were among 11 of the
largest lenders, including JPMorgan Chase & Co., Bank of New York
Mellon Corp. and Bank of America Corp., to submit revised plans
this week after the global banks failed to convince regulators
last year that they could go broke without destroying the rest of
the system.

The report relates that the solutions include "bail-ins," which
typically involve converting unsecured debt to equity and wiping
out common shareholders.  The living wills are supposed to help
ensure that taxpayer money won't be needed in any repeat of the
2008 financial crisis.

The report discloses that if the Federal Deposit Insurance Corp.
and Federal Reserve aren't satisfied that each company has plotted
a safe demise, the companies could be forced to restructure or
sell off pieces.  The 2010 Dodd-Frank Act gave regulators that
power when it required banks to write these plans, which are meant
to describe safe bankruptcies and combat perceptions that
financial giants are too big to fail.


* Large Companies With Insolvent Balance Sheets
-----------------------------------------------

                                            Total
                                           Share-      Total
                                 Total   Holders'    Working
                                Assets     Equity    Capital
  Company         Ticker          ($MM)      ($MM)      ($MM)
  -------         ------        ------   --------    -------
ABSOLUTE SOFTWRE  OU1 GR         126.4      (13.6)     (13.3)
ABSOLUTE SOFTWRE  ABT CN         126.4      (13.6)     (13.3)
ABSOLUTE SOFTWRE  ALSWF US       126.4      (13.6)     (13.3)
ACCELERON PHARMA  XLRN US         48.4      (19.9)       6.2
ADVANCED EMISSIO  OXQ1 GR         87.0      (42.3)     (18.0)
ADVANCED EMISSIO  ADES US         87.0      (42.3)     (18.0)
ADVENT SOFTWARE   ADVS US        824.6     (114.8)    (202.7)
ADVENT SOFTWARE   AXQ GR         824.6     (114.8)    (202.7)
AIR CANADA-CL A   AIDIF US     9,238.0   (3,470.0)    (452.0)
AIR CANADA-CL A   AC/A CN      9,238.0   (3,470.0)    (452.0)
AIR CANADA-CL A   ADH GR       9,238.0   (3,470.0)    (452.0)
AIR CANADA-CL B   AIDEF US     9,238.0   (3,470.0)    (452.0)
AIR CANADA-CL B   AC/B CN      9,238.0   (3,470.0)    (452.0)
AK STEEL HLDG     AKS* MM      3,772.7     (181.0)     473.3
AK STEEL HLDG     AKS US       3,772.7     (181.0)     473.3
ALLIANCE HEALTHC  AIQ US         528.2     (131.1)      64.8
AMC NETWORKS-A    9AC GR       2,460.3     (680.1)     735.0
AMC NETWORKS-A    AMCX US      2,460.3     (680.1)     735.0
AMER AXLE & MFG   AYA GR       3,008.7     (101.6)     345.2
AMER AXLE & MFG   AXL US       3,008.7     (101.6)     345.2
AMR CORP          AAMRQ* MM   26,216.0   (8,216.0)  (1,034.0)
AMR CORP          AAMRQ US    26,216.0   (8,216.0)  (1,034.0)
AMR CORP          ACP GR      26,216.0   (8,216.0)  (1,034.0)
AMYLIN PHARMACEU  AMLN US      1,998.7      (42.4)     263.0
ANGIE'S LIST INC  8AL GR         111.8      (11.9)      (9.4)
ANGIE'S LIST INC  ANGI US        111.8      (11.9)      (9.4)
ANGIE'S LIST INC  8AL TH         111.8      (11.9)      (9.4)
ARRAY BIOPHARMA   ARRY US        136.0      (21.9)      70.7
ARRAY BIOPHARMA   AR2 GR         136.0      (21.9)      70.7
ARRAY BIOPHARMA   AR2 TH         136.0      (21.9)      70.7
AUTOZONE INC      AZO US       6,783.0   (1,532.3)    (657.7)
AUTOZONE INC      AZ5 TH       6,783.0   (1,532.3)    (657.7)
AUTOZONE INC      AZ5 GR       6,783.0   (1,532.3)    (657.7)
BENEFITFOCUS INC  BNFT US         54.8      (43.9)      (3.6)
BENEFITFOCUS INC  BTF GR          54.8      (43.9)      (3.6)
BERRY PLASTICS G  BP0 GR       5,045.0     (251.0)     550.0
BERRY PLASTICS G  BERY US      5,045.0     (251.0)     550.0
BIOCRYST PHARM    BCRX US         39.9       (9.0)      21.6
BIOCRYST PHARM    BO1 GR          39.9       (9.0)      21.6
BIOCRYST PHARM    BO1 TH          39.9       (9.0)      21.6
BOSTON PIZZA R-U  BPF-U CN       156.7     (108.0)      (4.2)
BOSTON PIZZA R-U  BPZZF US       156.7     (108.0)      (4.2)
BROOKLINE BANCRP  BB3 GR       5,150.5       (8.5)       -
BROOKLINE BANCRP  BRKL US      5,150.5       (8.5)       -
BRP INC/CA-SUB V  BRPIF US     1,768.0     (496.6)     (21.8)
BRP INC/CA-SUB V  DOO CN       1,768.0     (496.6)     (21.8)
BRP INC/CA-SUB V  B15A GR      1,768.0     (496.6)     (21.8)
BUILDERS FIRSTSO  BLDR US        505.5       (8.5)     188.3
BUILDERS FIRSTSO  B1F GR         505.5       (8.5)     188.3
BURLINGTON STORE  BURL US      2,594.2     (421.3)     139.7
CABLEVISION SY-A  CVY GR       7,588.1   (5,565.5)     (14.0)
CABLEVISION SY-A  CVC US       7,588.1   (5,565.5)     (14.0)
CAESARS ENTERTAI  C08 GR      26,844.8     (738.1)     833.8
CAESARS ENTERTAI  CZR US      26,844.8     (738.1)     833.8
CALLIDUS SOFTWAR  CALD US        123.1       (2.2)       2.8
CALLIDUS SOFTWAR  CSQ GR         123.1       (2.2)       2.8
CAPMARK FINANCIA  CPMK US     20,085.1     (933.1)       -
CC MEDIA-A        CCMO US     15,296.5   (8,289.2)   1,259.4
CENTENNIAL COMM   CYCL US      1,480.9     (925.9)     (52.1)
CHOICE HOTELS     CZH GR         562.7     (520.0)      75.1
CHOICE HOTELS     CHH US         562.7     (520.0)      75.1
CIENA CORP        CIE1 TH      1,727.4      (83.2)     763.4
CIENA CORP        CIE1 GR      1,727.4      (83.2)     763.4
CIENA CORP        CIEN TE      1,727.4      (83.2)     763.4
CIENA CORP        CIEN US      1,727.4      (83.2)     763.4
COMVERSE INC      CNSI US        844.8       (9.4)      (6.1)
COMVERSE INC      CM1 GR         844.8       (9.4)      (6.1)
CONATUS PHARMACE  CNAT US          5.3       (2.5)       1.0
DELTA AIR LI      DAL US      45,772.0   (1,184.0)  (5,880.0)
DELTA AIR LI      DAL* MM     45,772.0   (1,184.0)  (5,880.0)
DELTA AIR LI      OYC GR      45,772.0   (1,184.0)  (5,880.0)
DIAMOND RESORTS   DRII US      1,073.5      (81.3)     682.4
DIAMOND RESORTS   D0M GR       1,073.5      (81.3)     682.4
DIRECTV           DTV US      20,921.0   (5,688.0)     622.0
DIRECTV           DIG1 GR     20,921.0   (5,688.0)     622.0
DIRECTV           DTV CI      20,921.0   (5,688.0)     622.0
DOMINO'S PIZZA    EZV TH         468.8   (1,328.8)      73.7
DOMINO'S PIZZA    DPZ US         468.8   (1,328.8)      73.7
DOMINO'S PIZZA    EZV GR         468.8   (1,328.8)      73.7
DUN & BRADSTREET  DNB US       1,838.5   (1,188.4)    (174.3)
DUN & BRADSTREET  DB5 GR       1,838.5   (1,188.4)    (174.3)
DUN & BRADSTREET  DB5 TH       1,838.5   (1,188.4)    (174.3)
DYAX CORP         DY8 GR          70.7      (37.0)      43.0
DYAX CORP         DYAX US         70.7      (37.0)      43.0
EASTMAN KODAK CO  EKOD US      3,815.0   (3,153.0)    (785.0)
EASTMAN KODAK CO  KODN GR      3,815.0   (3,153.0)    (785.0)
EVERYWARE GLOBAL  EVRY US        340.7      (53.6)     134.8
FAIRPOINT COMMUN  FRP US       1,606.4     (400.5)      19.6
FERRELLGAS-LP     FEG GR       1,356.0      (86.6)     (21.3)
FERRELLGAS-LP     FGP US       1,356.0      (86.6)     (21.3)
FIFTH & PACIFIC   FNP US         846.2     (213.7)     (64.6)
FIFTH & PACIFIC   LIZ GR         846.2     (213.7)     (64.6)
FIREEYE INC       F9E GR         139.5      (45.0)     (13.1)
FIREEYE INC       FEYE US        139.5      (45.0)     (13.1)
FOREST OIL CORP   FOL GR       1,913.7      (67.4)    (129.4)
FOREST OIL CORP   FST US       1,913.7      (67.4)    (129.4)
FREESCALE SEMICO  FSL US       3,129.0   (4,583.0)   1,235.0
FREESCALE SEMICO  1FS GR       3,129.0   (4,583.0)   1,235.0
GENCORP INC       GY US        1,411.1     (366.9)      27.9
GENCORP INC       GCY GR       1,411.1     (366.9)      27.9
GENCORP INC       GCY TH       1,411.1     (366.9)      27.9
GLG PARTNERS INC  GLG US         400.0     (285.6)     156.9
GLG PARTNERS-UTS  GLG/U US       400.0     (285.6)     156.9
GLOBAL BRASS & C  6GB GR         576.5      (37.0)     286.9
GLOBAL BRASS & C  BRSS US        576.5      (37.0)     286.9
GOLD RESERVE INC  GDRZF US        23.7       (0.1)     (17.3)
GOLD RESERVE INC  GRZ CN          23.7       (0.1)     (17.3)
GRAHAM PACKAGING  GRM US       2,947.5     (520.8)     298.5
HCA HOLDINGS INC  HCA US      27,934.0   (7,485.0)   1,771.0
HCA HOLDINGS INC  2BH GR      27,934.0   (7,485.0)   1,771.0
HCA HOLDINGS INC  2BH TH      27,934.0   (7,485.0)   1,771.0
HD SUPPLY HOLDIN  HDS US       6,587.0     (753.0)   1,281.0
HD SUPPLY HOLDIN  5HD GR       6,587.0     (753.0)   1,281.0
HOVNANIAN ENT-A   HOV US       1,664.1     (467.2)     950.2
HOVNANIAN ENT-A   HO3 GR       1,664.1     (467.2)     950.2
HUGHES TELEMATIC  HUTCU US       110.2     (101.6)    (113.8)
HUGHES TELEMATIC  HUTC US        110.2     (101.6)    (113.8)
IMMUNE PHARMACEU  IMNP TQ          1.0      (16.2)      (8.9)
INCYTE CORP       INCY US        334.2      (27.8)     210.4
INCYTE CORP       ICY TH         334.2      (27.8)     210.4
INCYTE CORP       ICY GR         334.2      (27.8)     210.4
INFOR US INC      LWSN US      6,202.6     (476.4)    (417.5)
INSYS THERAPEUTI  INSY US         22.2      (63.5)     (70.0)
INSYS THERAPEUTI  NPR1 GR         22.2      (63.5)     (70.0)
IPCS INC          IPCS US        559.2      (33.0)      72.1
ISTA PHARMACEUTI  ISTA US        124.7      (64.8)       2.2
JUST ENERGY GROU  1JE GR       1,505.7     (215.4)     (97.4)
JUST ENERGY GROU  JE US        1,505.7     (215.4)     (97.4)
JUST ENERGY GROU  JE CN        1,505.7     (215.4)     (97.4)
L BRANDS INC      LTD TH       6,072.0     (861.0)     613.0
L BRANDS INC      LTD GR       6,072.0     (861.0)     613.0
L BRANDS INC      LTD US       6,072.0     (861.0)     613.0
LEE ENTERPRISES   LEE US         989.0     (102.6)     (11.9)
LIN MEDIA LLC     L2M GR       1,221.8      (63.5)     (97.2)
LIN MEDIA LLC     L2M TH       1,221.8      (63.5)     (97.2)
LIN MEDIA LLC     LIN US       1,221.8      (63.5)     (97.2)
LIPOCINE INC      LPCN US          0.0       (0.0)      (0.0)
LORILLARD INC     LLV GR       3,335.0   (1,855.0)   1,587.0
LORILLARD INC     LLV TH       3,335.0   (1,855.0)   1,587.0
LORILLARD INC     LO US        3,335.0   (1,855.0)   1,587.0
MANNKIND CORP     NNF1 GR        212.4     (152.4)    (234.6)
MANNKIND CORP     NNF1 TH        212.4     (152.4)    (234.6)
MANNKIND CORP     MNKD US        212.4     (152.4)    (234.6)
MARRIOTT INTL-A   MAQ GR       6,377.0   (1,493.0)  (1,063.0)
MARRIOTT INTL-A   MAQ TH       6,377.0   (1,493.0)  (1,063.0)
MARRIOTT INTL-A   MAR US       6,377.0   (1,493.0)  (1,063.0)
MARRONE BIO INNO  MBII US         25.6      (47.8)     (12.8)
MDC PARTNERS-A    MD7A GR      1,389.4      (16.6)    (204.5)
MDC PARTNERS-A    MDZ/A CN     1,389.4      (16.6)    (204.5)
MDC PARTNERS-A    MDCA US      1,389.4      (16.6)    (204.5)
MEDIA GENERAL-A   MEG US         739.6     (206.4)      30.6
MERITOR INC       AID1 GR      2,477.0   (1,059.0)     278.0
MERITOR INC       MTOR US      2,477.0   (1,059.0)     278.0
MERRIMACK PHARMA  MACK US        107.3      (58.3)      28.2
MONEYGRAM INTERN  MGI US       5,075.8     (148.2)      30.1
MORGANS HOTEL GR  M1U GR         580.7     (163.7)       9.9
MORGANS HOTEL GR  MHGC US        580.7     (163.7)       9.9
MPG OFFICE TRUST  MPG US       1,280.0     (437.3)       -
NANOSTRING TECHN  NSTG US         30.5       (2.0)      10.9
NATIONAL CINEMED  NCMI US        952.5     (224.6)     128.8
NATIONAL CINEMED  XWM GR         952.5     (224.6)     128.8
NAVISTAR INTL     NAV US       8,241.0   (3,933.0)   1,329.0
NAVISTAR INTL     IHR GR       8,241.0   (3,933.0)   1,329.0
NAVISTAR INTL     IHR TH       8,241.0   (3,933.0)   1,329.0
NEKTAR THERAPEUT  ITH GR         412.8      (40.5)     144.1
NEKTAR THERAPEUT  NKTR US        412.8      (40.5)     144.1
NYMOX PHARMACEUT  NY2 TH           1.4       (6.9)      (2.7)
NYMOX PHARMACEUT  NYMX US          1.4       (6.9)      (2.7)
NYMOX PHARMACEUT  NY2 GR           1.4       (6.9)      (2.7)
OMEROS CORP       3O8 GR          23.1      (12.3)      10.4
OMEROS CORP       OMER US         23.1      (12.3)      10.4
OMTHERA PHARMACE  OMTH US         18.3       (8.5)     (12.0)
OPHTHTECH CORP    O2T GR          40.2       (7.3)      34.3
OPHTHTECH CORP    OPHT US         40.2       (7.3)      34.3
PALM INC          PALM US      1,007.2       (6.2)     141.7
PDL BIOPHARMA IN  PDL TH         401.4       (1.3)      46.7
PDL BIOPHARMA IN  PDL GR         401.4       (1.3)      46.7
PDL BIOPHARMA IN  PDLI US        401.4       (1.3)      46.7
PHILIP MORRIS IN  PM1EUR EU   37,140.0   (3,929.0)   2,049.0
PHILIP MORRIS IN  4I1 TH      37,140.0   (3,929.0)   2,049.0
PHILIP MORRIS IN  PM US       37,140.0   (3,929.0)   2,049.0
PHILIP MORRIS IN  PM1CHF EU   37,140.0   (3,929.0)   2,049.0
PHILIP MORRIS IN  PM FP       37,140.0   (3,929.0)   2,049.0
PHILIP MORRIS IN  PM1 TE      37,140.0   (3,929.0)   2,049.0
PHILIP MORRIS IN  4I1 GR      37,140.0   (3,929.0)   2,049.0
PHILIP MORRIS IN  PMI SW      37,140.0   (3,929.0)   2,049.0
PHILIP MRS-BDR    PHMO34 BZ   37,140.0   (3,929.0)   2,049.0
PLAYBOY ENTERP-A  PLA/A US       165.8      (54.4)     (16.9)
PLAYBOY ENTERP-B  PLA US         165.8      (54.4)     (16.9)
PLY GEM HOLDINGS  PGEM US      1,102.0      (70.2)     194.4
PLY GEM HOLDINGS  PG6 GR       1,102.0      (70.2)     194.4
PROTALEX INC      PRTX US          2.5       (8.5)      (2.4)
PROTECTION ONE    PONE US        562.9      (61.8)      (7.6)
QUALITY DISTRIBU  QLTY US        474.4      (42.0)      99.0
QUINTILES TRANSN  Q US         2,426.7   (1,322.3)     217.5
QUINTILES TRANSN  QTS GR       2,426.7   (1,322.3)     217.5
RE/MAX HOLDINGS   RMAX US        238.1      (23.7)      31.5
REGAL ENTERTAI-A  RETA GR      2,608.4     (697.9)     (21.2)
REGAL ENTERTAI-A  RGC US       2,608.4     (697.9)     (21.2)
RENAISSANCE LEA   RLRN US         57.0      (28.2)     (31.4)
RENTPATH INC      PRM US         208.0      (91.7)       3.6
REVLON INC-A      REV US       1,269.7     (632.4)     180.6
REVLON INC-A      RVL1 GR      1,269.7     (632.4)     180.6
RINGCENTRAL IN-A  3RCA GR         48.5      (20.7)     (22.8)
RINGCENTRAL IN-A  RNG US          48.5      (20.7)     (22.8)
RITE AID CORP     RAD US       7,169.0   (2,317.9)   1,943.6
RITE AID CORP     RTA GR       7,169.0   (2,317.9)   1,943.6
RURAL/METRO CORP  RURL US        303.7      (92.1)      72.4
SALLY BEAUTY HOL  SBH US       1,925.8     (294.4)     503.5
SALLY BEAUTY HOL  S7V GR       1,925.8     (294.4)     503.5
SILVER SPRING NE  9SI TH         506.9      (86.7)      69.5
SILVER SPRING NE  SSNI US        506.9      (86.7)      69.5
SILVER SPRING NE  9SI GR         506.9      (86.7)      69.5
SUNESIS PHARMAC   RYIN GR         50.6       (5.8)      15.3
SUNESIS PHARMAC   SNSS US         50.6       (5.8)      15.3
SUNESIS PHARMAC   RYIN TH         50.6       (5.8)      15.3
SUNGAME CORP      SGMZ US          0.2       (2.0)      (2.0)
SUPERVALU INC     SVU* MM      4,691.0   (1,084.0)       2.0
SUPERVALU INC     SVU US       4,691.0   (1,084.0)       2.0
SUPERVALU INC     SJ1 TH       4,691.0   (1,084.0)       2.0
SUPERVALU INC     SJ1 GR       4,691.0   (1,084.0)       2.0
TAUBMAN CENTERS   TU8 GR       3,369.8     (191.4)       -
TAUBMAN CENTERS   TCO US       3,369.8     (191.4)       -
THRESHOLD PHARMA  THLD US        104.5      (25.2)      80.0
THRESHOLD PHARMA  NZW1 GR        104.5      (25.2)      80.0
TOWN SPORTS INTE  CLUB US        414.5      (43.7)     (14.3)
TOWN SPORTS INTE  T3D GR         414.5      (43.7)     (14.3)
TROVAGENE INC-U   TROVU US         9.6       (2.5)       7.1
ULTRA PETROLEUM   UPL US       2,062.9     (441.1)    (266.6)
ULTRA PETROLEUM   UPM GR       2,062.9     (441.1)    (266.6)
UNISYS CORP       USY1 TH      2,275.8   (1,536.0)     412.2
UNISYS CORP       USY1 GR      2,275.8   (1,536.0)     412.2
UNISYS CORP       UISEUR EU    2,275.8   (1,536.0)     412.2
UNISYS CORP       UISCHF EU    2,275.8   (1,536.0)     412.2
UNISYS CORP       UIS1 SW      2,275.8   (1,536.0)     412.2
UNISYS CORP       UIS US       2,275.8   (1,536.0)     412.2
VECTOR GROUP LTD  VGR GR       1,069.5     (129.5)     384.8
VECTOR GROUP LTD  VGR US       1,069.5     (129.5)     384.8
VENOCO INC        VQ US          695.2     (258.7)     (39.2)
VERISIGN INC      VRSN US      2,524.8     (273.9)     312.7
VERISIGN INC      VRS TH       2,524.8     (273.9)     312.7
VERISIGN INC      VRS GR       2,524.8     (273.9)     312.7
VIRGIN MOBILE-A   VM US          307.4     (244.2)    (138.3)
VISKASE COS I     VKSC US        334.7       (3.4)     113.5
WEIGHT WATCHERS   WTW US       1,310.8   (1,561.1)     (84.7)
WEIGHT WATCHERS   WW6 GR       1,310.8   (1,561.1)     (84.7)
WEST CORP         WSTC US      3,462.1     (819.5)     338.0
WEST CORP         WT2 GR       3,462.1     (819.5)     338.0
WESTMORELAND COA  WLB US         933.6     (281.6)     (11.1)
XERIUM TECHNOLOG  XRM US         600.8      (35.1)     123.8
XOMA CORP         XOMA GR         76.9      (16.9)      46.5
XOMA CORP         XOMA TH         76.9      (16.9)      46.5
XOMA CORP         XOMA US         76.9      (16.9)      46.5
YRC WORLDWIDE IN  YRCW US      2,172.5     (641.5)     105.5



                            *********

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

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

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

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

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

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

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

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

                           *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, 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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