TCR_Public/140203.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Monday, February 3, 2014, Vol. 18, No. 33

                            Headlines

1015 PACIFIC: Voluntary Chapter 11 Case Summary
1UP ALLSTAR: Case Summary & 20 Largest Unsecured Creditors
710 LONG RIDGE: Has Until Feb. 28 to Decide on Leases
710 LONG RIDGE: Plan Confirmation Hearing on Feb. 7
A&W EGG CO: Case Summary & 5 Unsecured Creditors

ABERDEEN LAND: Plan Confirmation Hearing Continued to April 3-4
AERIES LLC: Case Summary & 5 Unsecured Creditors
ALLIED SECURITY: S&P Affirms 'B' CCR & Rates $916MM Facility 'B'
ALPHA NATURAL: Bank Debt Trades at 2% Off
AMC ENTERTAINMENT: Fitch Affirms 'B' IDR & Alter Outlook to Pos.

ASSOCIATED BANC-CORP: DBRS Assigns 'BB' Preferred Stock Rating
BAHIA SALINAS: Case Summary & 20 Largest Unsecured Creditors
BAY AREA FINANCIAL: Taps Keller Williams' Lisa Gutman as Agent
BAY AREA FINANCIAL: Panel Hires Shulman Hodges as General Counsel
BEAZER HOMES: Incurs $5.1 Million Net Loss in Dec. 31 Quarter

BISHOP OF HELENA: Case Summary & 2 Unsecured Creditors
BLITZ USA: Court Approves Elliott Greenleaf as Conflicts Counsel
BONDS.COM GROUP: Hires Adviser After PE Firm Shows Interest
BUFFALO PARK: Plan Confirmation Hearing Set for May 14
BROWNSVILLE MD: Asks for Go Signal to Obtain Financing

BUILDERS GROUP: Ch. 11 Trustee Hires Albert Tamarez as Accountant
CAESARS ENTERTAINMENT: Bank Debt Trades at 4% Off
CASH STORE: Conference Call on Q1 Results Scheduled for Feb. 4
CHARTER COMMUNICATIONS: Time Warner Cable CEO Defends Bid Refusal
CIT GROUP: DBRS Assigns 'BB' Issuer Rating

CLEAR CHANNEL: Bank Debt Trades at 2% Off
COLOR STAR: U.S. Trustee Forms Five-Member Creditor's Panel
COLOR STAR: Files Schedules of Assets And Liabilities
COMPREHENSIVE POWER: Equipment to Be Auctioned Off Feb. 11
CONE SHIPPING: Voluntary Chapter 11 Case Summary

COOPER TIRE: Resolves Dispute at China Plant
CORAL BAR: Case Summary & 3 Unsecured Creditors
CREATIONS GARDEN: Feb. 12-13 Auction Scheduled for Various Assets
CASH STORE: To Hold Q1 Conference Call on February 4
CELL THERAPEUTICS: OKs Extension of LTIP Performance Period

DESERT COMMUNICATIONS: Voluntary Chapter 11 Case Summary
DETROIT, MI: Emergency Manager Presents Plan of Adjustment
DETROIT, MI: Sues to Cancel Some Costly Contracts
DETROIT, MI: Court Rejects Bid for Assessment of Art Collection
DETROIT, MI: Plan Is Said to Split Creditors Into 2 Groups

DIAMOND FOODS: Moody's Assigns B3 CFR & Rates $415MM Sec. Loan B2
EAU TECHNOLOGIES: Board Chairman Leo Montgomery Resigns
EMORAL INC: Buyer of Assets Not Liable for PI Claims
EXIDE TECHNOLOGIES: Creditors Tap "Secret" Economic Consultant
FPL ENERGY: S&P Affirms 'BB' Rating on $380MM Secured Bonds

FPL ENERGY: S&P Affirms 'B-' Rating on $125MM Senior Secured Bonds
FREEDOM INDUSTRIES: Reaches Consent With W.Va. Agency on Cleanup
GEL LLC: Foreclosure Sale Set for March 7
GENIUS BRANDS: Files Financial Statements of A Squared
GETTY IMAGES: Bank Debt Trades at 6% Off

GLOBAL EVENTS: Case Summary & 20 Largest Unsecured Creditors
GREAT PLAINS: Ohio Agencies, 1st Source Bank Dispute Plan Outline
GREEN FIELD ENERGY: Can Hire Conway MacKenzie as Financial Advisor
GREEN FIELD ENERGY: Brown Rudnick Approved as Panel's Co-Counsel
GYMBOREE CORP: Bank Debt Trades at 9% Off

HEALTH CARE REIT: Fitch Affirms 'BB+' Preferred Stock Rating
IG INVESTMENTS: $30MM Loan Upsize No Impact on Moody's 'B1' CFR
IMPERIAL CAPITAL: Voluntary Chapter 11 Case Summary
INTELLICELL BIOSCIENCES: Obtains Favorable Ruling vs. Ironridge
INVESTORS CAPITAL: Plan Modification Hearing Today in Louisville

INVESTORS CAPITAL: PBI Balks at 20-Yr Repayment, Low Interest Rate
IQOR HOLDINGS: S&P Affirms 'B' CCR & Removes Rating from Watch
ISC8 INC: DCG&T Stake at 6.3% as of Dec. 31
JC PENNEY: Bank Debt Trades at 3% Off
JOS. A. BANK: Said to Hold Merger Talks with Eddie Bauer

KEMET CORP: Incurs $5.8 Million Net Loss in Q3 Fiscal 2014
KEMET CORP: Tocqueville Stake at 7.7% as of Dec. 31
KRATON PERFORMANCE: Moody's Says LCY Deal is Credit Positive
KRISAM GROUP: Case Summary & 20 Largest Unsecured Creditors
LEHMAN BROTHERS: AvalonBay Delivers Common Stock to Affiliate

LIGHTSQUARED INC: Gets Loan Offers From Fortress and Ergen Entity
LOEHMANN'S HOLDINGS: Court Approves Canaccord as Investment Banker
LONE PINE: Cuts Debt to C$90 Million, Emerges from Bankruptcy
LOS GATOS HOTEL: Disclosure Statement Hearing Today
MAGED ZAKY: Voluntary Chapter 11 Case Summary

MASTER AGGREGATES: Court Approves Charles Cuprill as Attorney
MASTER AGGREGATES: Hires Carrasquillo as Financial Consultant
MCCLATCHY CO: BlackRock Stake at 6.3% as of Dec. 31
METEX MFG: Hires Logan & Company as Balloting and Tabulation Agent
MGM RESORTS: Janus Capital Cuts Stake to 2.4% as of Dec. 31

MNJL LLC: Voluntary Chapter 11 Case Summary
MO MONEY: "Gavin" Suit Sent to E.D. Texas District Court
MONTREAL MAINE: Wrongful Death Claimants File Chapter 11 Plan
NEW LIFE MASONRY: Case Summary & 20 Largest Unsecured Creditors
NII HOLDINGS: BlackRock Stake at 7.9% as of Dec. 31

NNN PARKWAY 400 26: Court Issues Amended Memorandum Rejecting Plan
NORCROSS LODGING: Case Summary & 20 Largest Unsecured Creditors
OCEANIA CRUISES: S&P Alters Outlook to Pos. & Rates $249MM Loan B+
PAR PHARMACEUTICAL: Moody's Confirms 'B2' CFR; Outlook Negative
PEERY HOTEL: Case Summary & 20 Largest Unsecured Creditors

PENFOLD CAPITAL: Delays Filing of Annual Financial Statements
PENINSULA HOSPITAL: Has Nod to Use Cash Collateral Until April 30
PERDOMO & HERMANO: Case Summary & 6 Unsecured Creditors
POPPELL'S PRODUCE: Voluntary Chapter 11 Case Summary
PROSPECT SQUARE: Case Summary & 13 Largest Unsecured Creditors

PROVIDENCE PROPERTIES: Case Summary & 20 Top Unsecured Creditors
PROVIDENT FUNDING: S&P Affirms 'B+' ICR & Revises Outlook to Neg.
RAL GLEEM: Case Summary & 20 Largest Unsecured Creditors
RALPH ESMERIAN: Folk Art Fetches Auction Record $13 Million
RECOVERY INDUSTRIES: Case Summary & 6 Top Unsecured Creditors

REGAL ENTERTAINMENT: Fitch Affirms 'B+' Issuer Default Ratings
ROBERTS HOTELS: Court Grants BofA Stay Relief
RUE21 INC: Bank Debt Trades at 13% Off
SAINT CATHERINE HOSPITAL: Transfer of Medical Records Proposed
SECURITY NATIONAL: Has 11th Interim OK for $3MM DIP Financing

SECURITY NATIONAL: Cash Collateral Use Extended Until Feb. 14
SEVEN SEAS: S&P Revises Outlook to Pos. & Rates $246MM Loan 'BB-'
SILVERADO STREET: Voluntary Chapter 11 Case Summary
SOUND SHORE: Taps Garbarini & Scher as Medical Malpractice Counsel
SOUNDVIEW ELITE: Wants Plan Filing Period Extended to May 26

SPENDSMART PAYMENTS: Rob DeSantis Out as Director
STELLAR BIOTECHNOLOGIES: Incurs $5.4 Million Loss in Nov. 30 Qtr.
SUNTECH POWER: Has Deal with Lenders on Chapter 15 Restructuring
SYRINGA BANK: FDIC Named as Receiver; Sunwest Assumes All Deposits
TEXAS INDUSTRIES: S&P Puts 'B-' CCR on CreditWatch Positive

TOYS R US: 2016 Bank Debt Trades at 12% Off
TXU CORP: 2014 Bank Debt Trades at 30% Off
TXU CORP: 2017 Bank Debt Trades at 31% Off
UCI INT'L: Moody's Lowers CFR to B3; Alters Outlook to Negative
UNITED CONTINENTAL: To Downsize Cleveland Hub Citing Losses

USEC INC: BlackRock Stake at 6.5% as of Dec. 31
VOGUE INTERNATIONAL: S&P Assigns 'B' CCR; Outlook Stable
WALTER ENERGY: Bank Debt Trades at 4% Off
WESTMORELAND COAL: BlackRock Stake at 5.7% as of Dec. 31
WPCS INTERNATIONAL: BlackRock Stake at 5.3% as of Dec. 31

YRC WORLDWIDE: Has Until Feb. 13 to Repay Convertible Notes
YRC WORLDWIDE: Successfully Reduces $300 Million in Debt
ZALE CORP: BlackRock Stake at 8.9% as of Dec. 31
ZOAR INVESTMENT: Case Summary & 8 Unsecured Creditors

* Bank of America Settlement on Bonds That Soured Is Approved
* Global Companies Address Latin American Risk

* Choate Hall Bags 2013 "Restructuring Deal of the Year" Award
* Leslie D. Corwin Joins Blank Rome as Partner

* BOND PRICING -- For Week From Jan. 20 to 24, 2014


                             *********


1015 PACIFIC: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: 1015 Pacific, LLC
        1015 Pacific Ave
        Tacoma, Wa 98402

Case No.: 14-40444

Chapter 11 Petition Date: January 30, 2014

Court: United States Bankruptcy Court
       Western District of Washington (Tacoma)

Debtor's Counsel: Douglas H Gill, Jr, Esq.
                  DOUGLAS H GILL AND ASSOCIATES, PLLC
                  602 7th Ave. South
                  Seattle, WA 98104
                  Tel: 253-691-0197
                  Fax: 206-382-6650
                  Email: doug@dgandassociates.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gwendolyn, Ingels, manager.

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


1UP ALLSTAR: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: 1Up Allstar Servicenters, LLC
        3800 Opportunity Lane
        Raleigh, NC 27603

Case No.: 14-00542

Chapter 11 Petition Date: January 30, 2014

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       (Raleigh Division)

Judge: Hon. Stephani W. Humrickhouse

Debtor's Counsel: Matthew P. Ceradini, Esq.
                  CERADINI LAW, PLLC
                  9650 Strickland Road, Ste. 103-202
                  Raleigh, NC 27615
                  Tel: 919-866-2706
                  Email: ceradinilaw@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Denis Bergeron, manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nceb14-542.pdf


710 LONG RIDGE: Has Until Feb. 28 to Decide on Leases
-----------------------------------------------------
The Hon. Donald H. Steckroth of the U.S. Bankruptcy Court for the
District of New Jersey has extended, at the behest of 710 Long
Ridge Road Operating Company II, LLC, et al., the time within
which the Debtors must assume or reject their unexpired non-
residential real property leases on consent of the landlords to
Feb. 28, 2014.

A copy of the list of leases is available for free at:

           http://bankrupt.com/misc/710LONGleases.pdf

The Debtors have asked for extension four times.  On May 22, 2013,
the Debtors first filed a motion for extension for 90 days up to
and including Sept. 22, 2013, which the Court granted on June 13,
2013.

The Court also approved the stipulations that the Debtors and the
landlords entered into.  A copy of the stipulation is available
for free at http://bankrupt.com/misc/710LONGleasestipulation.pdf

          About 710 Long Ridge Road Operating Company II

710 Long Ridge Road Operating Company II, LLC and four affiliates
own sub-acute and long-term nursing care facilities for the
elderly in Connecticut.  The facilities, which are managed by
HealthBridge Management LLC, are Long Ridge of Stamford, Newington
Health Care Center, Westport Health Care Center, West River Health
Care Center, and Danbury Health Care Center.

710 Long Ridge Road Operating Company II and its affiliates sought
Chapter 11 protection (Bankr. D.N.J. Case Nos. 13-13653 to 13-
13657) on Feb. 24, 2013, to modify their collective bargaining
agreements with the New England Health Care Employees Union,
District 1199, SEIU.

The Debtors owe $18.9 million to M&T Bank and $7.99 million on
loans from the U.S. Department of Housing and Urban Development
Federal Housing Administration.

Michael D. Sirota, Esq., at Cole, Schotz, Meisel, Forman &
Leonard, serve as counsel to the Debtors.  Logan & Company, Inc.
is the claims and notice agent.  Alvarez & Marsal Healthcare
Industry Group, LLC, is the financial advisor.

Porzio, Bromberg & Newman, P.C., represents the Official Committee
of Unsecured Creditors.  The Committee tapped to retain
EisnerAmper LLP as accountant.


710 LONG RIDGE: Plan Confirmation Hearing on Feb. 7
---------------------------------------------------
The hearing to consider the confirmation of 710 Long Ridge Road
Operating Company II, LLC, et al.'s First Amended Joint Chapter 11
Plan of Reorganization has been adjourned to Feb. 7, 2014, at
10:00 a.m. (prevailing Eastern Time) and, if necessary, continued
on Feb. 10, 2014, at 10:00 a.m.

As reported by the Troubled Company Reporter on Jan. 27, 2014, the
Court previously set for Jan. 30, 2014, a hearing to consider the
confirmation of the Plan, which provides that in return for
covering future operating deficits, the owners of the five nursing
homes managed by the Debtors will retain the equity.  Under that
Plan, mortgages will be revised and paid in full, eventually,
while continuing trade suppliers, with more than $3 million in
claims, would have 75 percent of their debts paid over 12 months.

Roberta A. DeAngelis, the U.S. Trustee for Region 3; the National
Labor Relations Board; and New England Health Care Employees
Union, District 1199, SEIU, objected to the Plan's confirmation.
The U.S. Trustee complained that certain of the parties seeking
releases under the Plan do not appear to be entitled to the relief
under applicable law.  The NLRB claimed that the Plan fails to
comply with numerous provisions of the Bankruptcy Code and because
it is a "barely-concealed scheme by the Debtors and their
corporate parents to insulate themselves from paying significant
amounts of backpay to their employees".  The Union complained that
the Plan does not provide for a distribution equal to the allowed
amount of administrative and priority claims held by the Union.

The voting deadline is Feb. 3, 2014, at 5:00 p.m.

          About 710 Long Ridge Road Operating Company II

710 Long Ridge Road Operating Company II, LLC and four affiliates
own sub-acute and long-term nursing care facilities for the
elderly in Connecticut.  The facilities, which are managed by
HealthBridge Management LLC, are Long Ridge of Stamford, Newington
Health Care Center, Westport Health Care Center, West River Health
Care Center, and Danbury Health Care Center.

710 Long Ridge Road Operating Company II and its affiliates sought
Chapter 11 protection (Bankr. D.N.J. Case Nos. 13-13653 to 13-
13657) on Feb. 24, 2013, to modify their collective bargaining
agreements with the New England Health Care Employees Union,
District 1199, SEIU.

The Debtors owe $18.9 million to M&T Bank and $7.99 million on
loans from the U.S. Department of Housing and Urban Development
Federal Housing Administration.

Michael D. Sirota, Esq., at Cole, Schotz, Meisel, Forman &
Leonard, serve as counsel to the Debtors.  Logan & Company, Inc.
is the claims and notice agent.  Alvarez & Marsal Healthcare
Industry Group, LLC, is the financial advisor.

Porzio, Bromberg & Newman, P.C., represents the Official Committee
of Unsecured Creditors.  The Committee tapped to retain
EisnerAmper LLP as accountant.


A&W EGG CO: Case Summary & 5 Unsecured Creditors
------------------------------------------------
Debtor: A&W Egg Co., Inc.
        12 Seneca Place
        Jericho, NY

Case No.: 14-70422

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Hon. Alan S Trust

Debtor's Counsel: Jonathan Bodner, Esq.
                  RUSKIN MOSCOU FALTISCHEK PC
                  1425 RXR Plaza
                  East Tower, 15th Floor
                  Uniondale, NY 11556-1425
                  Tel: 516-663-6686
                  Fax: 516-663-5388
                  Email: jbodner@rmfpc.com

                       - and -

                  Adam G. Brief, Esq.
                  MELLINGER, SANDERS & KARTZMAN LLC
                  101 Gibraltar Drive, Suite 2F
                  Morris Plains, NJ 07950

Total Assets: $465,616

Total Liabilities: $1.20 million

The petition was signed by Susan Witzer, president.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/nyeb14-70422.pdf


ABERDEEN LAND: Plan Confirmation Hearing Continued to April 3-4
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida
issued an order granting joint agreed ex-parte motion to continue
hearing on the confirmation of Aberdeen Land II, LLC's Second
Amended Plan of Reorganization to April 4, 2014, at 10:00 AM.

On Oct. 17, the Court approved the Second Amended Disclosure
Statement for the Second Amended Plan.  The Second Amended Plan is
dated Oct. 11, 2013.

The Second Amended Disclosure Statement reiterates that the Plan
provides for the continued operation of the Property of the
Debtor's Estate, by and through the Reorganized Debtor in
accordance with the Plan.  It provides for Cash payments to
Holders of Allowed Claims in certain instances and for the
transfer of Property to certain Holders of Allowed Secured Claims
as the indubitable equivalent of such Allowed Secured Claims.  The
will be implemented on the Effective Date, and the primary source
of the funds necessary to implement the Plan initially will be the
Cash of the Reorganized Debtor, the funds available to the
Reorganized Debtor from the Exit Financing and the sales of
portions or all of the Aberdeen Real Property.

Among other modifications, the Second Amended Disclosure Statement
provides more disclosure on the summary of the Debtor's
prepetition indebtedness.

Full-text copies of the Second Amended Disclosure Statement, filed
on Oct. 11, 2013, are available for free at:

       http://bankrupt.com/misc/ABERDEEN_2ndAmdDSOct11.PDF

                     About Aberdeen Land II

Aberdeen Land II, LLC, doing business as Aberdeen, owns
a 1,316-acre master- planned community near Jacksonville, Florida.
The project is designed for 1,623 single-family homes and 395
multi-family units.  More than 1,000 units have been sold, leaving
Aberdeen with 856 undeveloped lots and 28.1 acres zoned for
commercial or residential use.

Aberdeen filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
13-04103) on July 1, 2013, in Jacksonville, Florida.  The Debtor
has tapped Genovese Joblove & Battista, P.A., as counsel, Kapila &
Company as accountant, Kellerhals Ferguson Fletcher Kroblin, PLLC,
as special counsel, and Fishkind & Associates as expert
consultants.

Aberdeen owes $24 million in bonds that financed the project and
more than $20 million to secured lenders with mortgages on the
property.

In its amended schedules, the Debtor disclosed $41,165,861 in
assets and $31,189,704 in liabilities as of the petition date.

No creditors' committee was appointed in the case.


AERIES LLC: Case Summary & 5 Unsecured Creditors
------------------------------------------------
Debtor: Aeries, LLC
        1240 Altamont Road
        Greenville, SC 29609

Case No.: 14-00638

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       District of South Carolina (Spartanburg)

Debtor's Counsel: Robert A. Pohl, Esq.
                  POHL, P.A.
                  PO Box 27290
                  Greenville, SC 29616
                  Tel: 864-361-4827
                  Fax: 864-558-5291
                  Email: robert@pohlpa.com

Total Assets: $2.50 million

Total Liabilities: $2.64 million

The petition was signed by Eric Kaufmann, manager.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/scb14-638.pdf


ALLIED SECURITY: S&P Affirms 'B' CCR & Rates $916MM Facility 'B'
----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating on Pennsylvania-based Allied Security Holdings LLC.
The outlook is stable.

At the same time, S&P assigned a 'B' issue rating to the company's
new $916 million first-lien credit facility (which includes an
$76 million revolver [including $30 million to be used as
restricted cash to collateralize a synthetic letters of credit
facility], $620 million first-lien debt, and $220 million delayed
draw first-lien debt).  The recovery rating is '3', which
indicates S&P's expectation of meaningful recovery (50% to 70%)
for creditors in the event of a payment default or bankruptcy.

S&P also assigned a 'CCC+' issue rating to the company's new
$265 million second-lien debt and $100 million delayed draw
second-lien debt.  The recovery rating is '6', which indicates
S&P's expectation that negligible recovery (0% to 10%) for
creditors in the event of a payment default or bankruptcy.

The ratings on Allied reflect S&P's assessment of the company's
"fair" business risk and "highly leveraged" financial risk
profiles.

"We changed our assessment of the business risk profile to 'fair'
from 'weak' based on the company's growing market position in the
highly fragmented and competitive contract security officer
industry in the United States," said Standard & Poor's credit
analyst Jacqueline Hui.  "The company's proposed acquisition is
also a security service provider in the U.S., and we believe the
acquisition will add scale and further diversify the company's
customer base.  In addition, we believe that the company's margins
will remain steady."

The stable rating outlook reflects Standard & Poor's expectation
that Allied will reduce debt through free cash flow but that
credit metrics, including leverage in the mid-6x area, will remain
weak and consistent with indicative ratios for a highly leveraged
financial risk profile.  S&P also assumes the company will be able
to smoothly integrate the acquisition and achieve cost synergies,
while maintaining its good market position in the highly
competitive security guard services industry.


ALPHA NATURAL: Bank Debt Trades at 2% Off
-----------------------------------------
Participations in a syndicated loan under which Alpha Natural
Resources is a borrower traded in the secondary market at 97.71
cents-on-the-dollar during the week ended Friday, Jan. 31, 2014,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents a decrease
of 0.88 percentage points from the previous week, The Journal
relates.  Alpha Natural Resources pays 275 basis points above
LIBOR to borrow under the facility.  The bank loan matures on May
31, 2020, and carries Moody's Ba2 rating and Standard & Poor's BB-
rating.  The loan is one of the biggest gainers and losers among
205 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.


AMC ENTERTAINMENT: Fitch Affirms 'B' IDR & Alter Outlook to Pos.
----------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Rating (IDR) of AMC
Entertainment, Inc. at 'B' and revised the Rating Outlook to
Positive from Stable.  Further, Fitch has upgraded AMC's senior
subordinated notes by one notch to 'B-/RR5' from 'CCC+/RR6' on
stronger recovery prospects following AMC's tender offer for of
its senior unsecured notes.

The Outlook revision is primarily driven by the company's improved
credit metrics (interest coverage, gross leverage, and EBITDA
margins) driven by absolute debt reduction (including the proposed
tender offer transaction), operating improvements, and Fitch's
stable outlook on the movie exhibition industry.  Over the next 12
to 24 months, the rating may be upgraded one notch if AMC can
demonstrate positive traction with its capital investment plans,
via increased revenue per patron and continued growth in EBITDA.
Recognizing the hit cyclical nature of the industry and the
volatility this can cause to revenues and EBITDA, Fitch would
expect unadjusted gross leverage to remain below 4.5x and EBITDA
margins of around 15%, in order to support a 'B+' rating.  In
strong-performing box office years, metrics may be stronger in
order to provide a cushion for weaker box office years.

On Jan. 15, 2014, AMC initiated a cash tender offer for any and
all of its 8.75% senior notes due June 2019 ($600 million
outstanding).  The tender offer expires on Feb. 12, 2014.  Notes
that tendered and consented to the proposed amendment on or before
Jan. 29, 2014 would receive total consideration of $1,068.75 for
every $1,000 tendered.  The proposed amendment would eliminate
substantially all of the restrictive covenants and certain events
of default provisions of the indenture.  AMC announced that it had
received tenders and consents from holders of approximately $463.7
million of its outstanding 8.75% senior notes.  AMC has the option
to call these notes in June 2014 at 104.375%.  Fitch expects any
notes not tendered would be redeemed in June.

The senior note tender offer is subject to certain conditions,
including the receipt of net proceeds from an offering of debt
securities in an amount sufficient, together with other available
cash, to fund accrued interest, fees, and the purchase of tendered
notes.  The one notch upgrade of the subordinated notes reflects
Fitch's expectation that AMC will be successful in completing the
tender offer.  In the event that AMC does not complete the tender
offer by its expiration, the subordinated note ratings may be
downgraded by one notch.

Through improvements in operations and reduction in absolute
levels of debt, AMC has driven unadjusted gross leverage from 8.5x
in 2011 to 4.7x as of Sept. 30, 2013 (this does not adjust for the
tender offer).

On Dec. 23, 2013, AMC Entertainment Holdings, Inc. (AMCH; parent
of AMC) completed an IPO, selling 21.1 million shares priced at
$18 per share for net proceeds of $359.1 million after
underwriting discounts and commissions.  Fitch believes that
proceeds will be primarily used to fund its senior note tender
offer.  Post-IPO, Dalian Wanda Group holds 91% and 78% of voting
and economic interest, respectively.

AMC has demonstrated traction in key strategic initiatives, as can
been seen in its improving EBITDA margin, admission revenue per
attendee, and concession revenue per attendee.  Fitch calculates
Sept. 30, 2013 latest 12 months (LTM) EBITDA margins of 15.2%
(excludes National Cinemedia distribution), an improvement from
13.6% at Sept. 27, 2012.  Fitch recognizes that AMC's expected
investment into premium food offerings will pressure high
concession margins; however, growth in the top line should grow
absolute EBITDA dollars.

AMCH intends to institute a quarterly dividend of $19 million ($76
million for the full year), with the first dividend payment
expected in the first quarter of 2014.  The dividend will more
than offset any potential interest savings from debt reduction
discussed above, pressuring free cash flow (FCF).  Fitch has
modeled capital expenditure spending of approximately $250 million
in 2014 and 2015.  As a result, Fitch expects FCF will range from
negative $25 million to positive $25 million over the next two
years, and remain positive thereafter.  LTM FCF at Sept. 30, 2013
was $73 million.

Fitch believes that AMC has sufficient liquidity to fund these
capital initiatives, make small theater circuit acquisitions, and
cover its term loan amortization.  Liquidity is supported by cash
balances of $128 million as of Sept. 30, 2013.

Key Rating Drivers

AMC's ratings reflect Fitch's belief that movie exhibition will
continue to be a key promotion window for the movie studios'
biggest/most profitable releases.

Despite a strong 2012 box office performance, 2013's film slate
delivered positive growth in box office revenues, up 0.8%,
according to Box Office Mojo.  Attendance declines of 1.3% were
offset by a 2.1% increase in average ticket price. This will pose
a tough comparison year in 2014.  However, as in the past few
years, there are many high-profile sequels that have a strong
likelihood of box office success.  The releases of 'Captain
America: Winter Soldier,' 'The Amazing Spider-Man 2,' 'X-Men: Days
of Future Past,' 'Transformers: Age of Extinction,' 'The Hunger
Games: Mockingjay Part 1,' and 'The Hobbit: There and Back Again,'
headline a strong film slate.  Fitch believes the film slate will
support industry-wide box office revenue levels with flat to low
single digit declines in attendance and flat average ticket price.

Fitch believes the investments made by AMC and its peers to
improve the patron's experience is prudent.  While capital
expenditure may be elevated in the near term and high margin
concessions may be pressured, Fitch believes that long term the
exhibitors will benefit from delivering an improved value
proposition to its patrons and the premium food services/offerings
will grow absolute levels of revenue and EBITDA.

The ratings factor the intermediate/long-term risks associated
with increased competition from at-home entertainment media,
limited control over revenue trends, collapsing film distribution
windows and increasing indirect competition from other
distribution channels (such as DVD, VOD, and OTT).  For the long
term, Fitch continues to expect that the movie exhibitor industry
will be challenged in growing attendance and that any potential
attendance declines will offset some of the growth in average
ticket prices.

In addition, AMC and its peers rely on the quality, quantity, and
timing of movie product, all factors out of management's control.

Leverage and Liquidity

AMC's liquidity is supported by $128 million of cash on hand (as
of Sept. 30, 2013), $150 million of availability on its revolving
credit facility, and the $359.1 million in proceeds from the IPO.

Pro forma for the completion of the tender offer, the company has
a manageable maturity schedule, which consists of:

-- Revolver due in 2018;
-- $600 million in subordinated notes and $771 million term loan
    (amortizing at $7.5 million per annum) due 2020.

Recovery Ratings

AMC's Recovery Ratings reflect Fitch's expectation that the
enterprise value of the company and, hence, recovery rates for its
creditors, will be maximized in a restructuring scenario (as a
going concern) rather than a liquidation.  Fitch estimates an
adjusted, distressed enterprise valuation of $1.5 billion using a
5x multiple and including an estimate for AMC's 15.4% stake in
National CineMedia LLC (NCM) of approximately $150 million.

The 'RR1' Recovery Rating for the company's secured bank
facilities reflects Fitch's belief that 91%-100% expected recovery
is reasonable.  While Fitch does not assign Recovery Ratings for
the company's operating lease obligations, it is assumed the
company rejects only 30% of its remaining $2.3 billion (calculated
at a net present value) in operating lease commitments due to
their significance to the operations in a going-concern scenario
and is liable for 15% of those rejected values.

AMC's senior subordinated debt reflects the expected full
redemption of AMC's senior unsecured notes.  The 'RR5' Recovery
rating on the subordinated notes reflect an expected recovery
range of 11%-30%.

Rating Sensitivities

The senior note tender offer is subject to certain conditions,
including the receipt of net proceeds from an offering of debt
securities in an amount sufficient, together with other available
cash, to fund accrued interest, fees, and the purchase of tendered
notes.  The one notch upgrade of the subordinated notes reflects
Fitch's expectation that AMC will be successful in completing the
tender offer.  In the event that AMC does not complete the tender
offer by its expiration, the subordinated note ratings may be
downgraded by one notch.

Positive Trigger:

Over the next 12 to 24 months, the rating may be upgraded one
notch if AMC can demonstrate positive traction with its capital
investment plans, via increased revenue per patron and continued
growth in EBITDA.  Recognizing the hit cyclical nature of the
industry and the volatility this can cause to revenues and EBITDA,
Fitch would expect unadjusted gross leverage to remain below 4.5x
and EBITDA margins of around 15%, in order to support a 'B+'
rating.  In strong-performing box office years, metrics may be
stronger in order to provide a cushion for weaker box office
years.

Negative Trigger:

Secular events that lead Fitch to believe there would be a
significant long-term downward trend in the industry would put
negative pressure on the rating. In the shorter term, interest
coverage below 2.5x could lead to a negative rating action.

Fitch has taken the following rating actions for AMC:

AMC

-- IDR affirmed at 'B';
-- Senior secured credit facilities affirmed at 'BB/RR1';
-- Senior unsecured notes affirmed at 'B/RR4';
-- Senior subordinated notes upgraded to 'B-/RR5' from
    'CCC+/RR6'.

The Rating Outlook has been revised to Positive from Stable.


ASSOCIATED BANC-CORP: DBRS Assigns 'BB' Preferred Stock Rating
--------------------------------------------------------------
DBRS Inc. has confirmed the ratings of Associated Banc-Corp and
its related entities, including Associated's Issuer & Senior Debt
rating of BBB and Short-Term Instruments rating at R-2 (middle).
At the same time, DBRS has revised the trend on all ratings to
Positive from Stable.  DBRS has also assigned a BB Rating to
Associated's Preferred Stock.  The rating actions follow a
detailed review of the Company's operating results, financial
fundamentals, and future prospects.

Associated's ratings are underpinned by its well-established
Midwest super-community banking franchise which includes a strong
core deposit business.  Associated's current management team has
made significant investments in this franchise including hiring
experienced lenders, completing branch upgrades as well as
enhancing treasury management offerings.  With the bulk of its
asset quality problems behind it and with still solid levels of
capital and liquidity, DBRS sees Associated's financial profile as
improved.

The revision of the ratings trend to Positive reflects some
success in growing the franchise and revenues and further asset
quality improvements.  Additionally, Associated has returned to
consistent, although certainly not best in class, profitability,
generating steady and improving earnings for the last three fiscal
years.  Most recently, Associated reported net income to common
shareholders of $188.7 million for 2013 up 5.4% from $179.0
million in 2012. Recent results are encouraging and are a
contributing factor to the positive trend placed on the ratings.
For instance, the DBRS-calculated income before provision and
taxes (IBPT) has increased in five of the last six quarters.

For a rating upgrade to occur, DBRS will look for a continuation
of improving earnings, positive operating leverage and for returns
to become more in line with higher rated peers.  Additionally,
DBRS will look for continuance of the positive asset quality
trends and maintenance of solid capital levels.

Like all banks, Associated is faced with a difficult operating
environment and, while continuing to invest in the business, DBRS
sees further improvement in core earnings capacity as an ongoing
challenge for the Company as well as the industry.  To counteract
this, Associated has focused on operating efficiency and has
undertaken a number of initiatives to take costs out of the
business and is committed to keeping expenses flat in 2014.
Improving core earnings generation, in DBRS's view, will further
signal the Company's successful turnaround.

As noted, earnings have benefited from improving credit quality
that has supported a modest loan loss provision and reserve
releases in recent quarters.  During 2013, nonperforming assets
declined 29% from YE12 to $203.5 million and were $155.4 million
below 2Q11 levels.  Additionally, potential problem loans were
$235.4 million at YE13, down 35% from YE12.  Net charge-offs also
declined to a very manageable 0.25% of average loans in 2013 from
0.57% of average loans in 2012.  At year-end, the allowance for
loan losses remained solid representing 1.68% of total loans and
covered 145% of nonaccrual loans.  DBRS notes that even with
continued moderate loan growth, Associated's outlook is for very
modest provisioning in coming quarters.

Associated's capitalization remains solid despite ongoing capital
management activities During the year, the company repurchased
$120 million, or approximately 7.7 million shares, of common stock
and with the increased common stock dividend, the Company returned
about 100% of earnings to shareholders and a similar level of
return to shareholders is expected in 2014.  Still, at December
31, 2013, ASBC reported solid capital ratios which included an
estimated Tier 1 common equity ratio of 11.46%.  Based on current
proposed rules, the Company is already in compliance with fully
phased in Basel III requirements.  DBRS anticipates that
Associated will maintain solid capital levels, even as it seeks to
deploy excess capital.

Headquartered in Green Bay, Wisconsin, Associated had $24.2
billion in assets as of December 31, 2013 and operates over 200
branches in Wisconsin, Minnesota, and Illinois.


BAHIA SALINAS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Bahia Salinas Beach Hotel
           dba Parador Bahia Salinas
        Road 301 Km 11.4 El Faro Ward
        Cabo Rojo, PR 00622

Case No.: 14-00581

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       District of Puerto Rico (Ponce)

Judge: Hon. Edward A Godoy

Debtor's Counsel: Damaris Quinones Vargas, Esq.
                  BUFETE QUINONES VARGAS & ASOC
                  PO Box 429
                  Cabo Rojo, PR 00623
                  Tel: 787-851-7866
                  Fax: 787-851-1717
                  Email: damarisqv@bufetequinones.com

Total Assets: $1.72 million

Total Liabilities: $4.36 million

The petition was signed by Miguel Rosado, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb14-581.pdf


BAY AREA FINANCIAL: Taps Keller Williams' Lisa Gutman as Agent
--------------------------------------------------------------
Bay Area Financial Corporation seeks permission from the Hon.
Thomas Donahue of the U.S. Bankruptcy Court for the Central
District of California to employ Lisa Gutman of Keller Williams
Estates Properties Calabasas as agent.

The Debtor wants Keller Williams to be under the exclusive
authorization and right to sell the Debtor's property located at
5734 Ostin Ave, Woodland Hills, California 91367.

The Debtor requires Keller Williams to:

   (a) order, analyze and prepare the documentation necessary to
       place the subject Property in proper position to be listed
       and advertised for sale;

   (b) list the Property with the most propitious listing services
       available, responding to inquiries of purchase, and
       soliciting reasonable offers for purchase;

   (c) convey all reasonable offers of purchase to the Debtor,
       subject to the Debtor's approval, and confirm acceptance of
       the best offer; and

   (d) cause to be prepared on behalf of the Debtor and submitted
       to escrow, any and all documents requiring the endorsement
       of the Debtor to consummate a sale of the Property.

Keller Williams agreed to be employed on commission basis, with
commission not to exceed, collectively, 5% of the gross selling
price of the Property, or such other compensation as fixed by this
Court upon notice and a hearing.  The period of employment of
Agents shall not exceed 6 months.

Ms. Gutman assured the Court that Keller Williams 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.

Keller Williams can be reached at:

       Lisa Gutman
       KELLER WILLIAMS ESTATES PROPERTIES CALABASAS
       23975 Park Sorrento, Suite 110
       Calabasas, CA 91302
       Tel: (818) 535-0862
       E-mail: Lisagutman@aol.com

                  About Bay Area Financial

Bay Area Financial Corp., a consumer finance company, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Case No. 13-38974) on Dec. 9, 2013.  The case is assigned to
Judge Thomas B. Donovan.

The Debtor is represented by Sandford L. Frey, Esq., and Stuart I.
Koenig, Esq., at Creim Macias Koenig & Frey LLP, in Los Angeles,
California.

The petition lists assets and debt both exceeding $10 million.
Cash upon entering Chapter 11 was about $1.4 million, to be
supplemented by almost $700,000 from an upcoming property
disposition.  There is no secured debt, although $141,000 is owing
on a priority tax claim.

An Official Committee of Unsecured Creditors has been appointed in
the case.


BAY AREA FINANCIAL: Panel Hires Shulman Hodges as General Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Bay Area
Financial Corporation seeks authorization from the Hon. Thomas B.
Donovan of the U.S. Bankruptcy Court for the Central District of
California to employ Shulman Hodges & Bastian LLP as general
counsel of the Committee, effective Jan. 20, 2014.

The Committee requires Shulman Hodges to:

   (a) advise the Committee with respect to its rights, powers,
       duties and obligations as the Official Committee of
       creditors holding unsecured claims of the Debtor's
       bankruptcy case;

   (b) prepare pleadings, applications and conduct examinations
       incidental to administration of this case and to protect
       the interests of the unsecured creditors of this Estate;

   (c) advise and represent the Committee in its connection with
       all applications, motions or complaints filed during the
       course of the administration of this case;

   (d) develop the relationship of the Committee with the Debtor
       in this bankruptcy proceeding;

   (e) advise and assist the Committee in presentation of a plan
       of reorganization by the Debtor or other entity pursuant to
       Chapter 11 of the Bankruptcy Code and concerning any and
       all matters relating thereto;

   (f) advise and assist the Committee in providing access to
       information to all unsecured creditors, soliciting and
       receiving comments from unsecured creditors, and to
       disclose any information to unsecured creditors as required
       by the Court in compliance with Bankruptcy Code section
       1102; and

   (g) perform any and all other legal services incident and
       necessary herein for the smooth administration of this
       bankruptcy case.

Shulman Hodges will be paid at these hourly rates:

       Attorneys
       ---------
       Leonard M. Shulman             $550
       Ronald S. Hodges               $550
       James C. Bastian, Jr.          $550
       Mark Bradshaw                  $525
       J. Ronald Ignatuk              $525
       John Mark Jennings             $525
       Gary A. Pemberton              $525
       Michael J. Petersen            $525
       Franklin J. Contreras          $450
       Robert Huttenhoff              $450
       Lynda T. Bui                   $425
       Paul S. Ocampo                 $410
       Samuel J. Romero               $410
       Brian L. Bloom                 $395
       Melissa Davis Lowe             $385
       Kiara W. Gebhart               $370
       Rika M. Kido                   $325
       Ryan O'Dea                     $325
       Heather B. Dillion             $250

       Paralegals
       ----------
       Lorre E. Clapp                 $225
       Pamela G. Little               $225
       Erlanna L. Lohayza             $225
       Patricia A. Britton            $195
       Melanie G. Rodgers             $195
       Steve P. Swartzell             $185
       Anne Marie Vernon              $185
       Tammy Walsworth                $185
       Arland Udo                     $165
       Tonia Mann-Wooten              $150

       Of Counsel
       ----------
       A. Lavar Taylor                $525
       Donald R. Kurtz                $525
       Gregory J. Anderson            $450

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

Shulman Hodges has agreed with the Committee that Shulman Hodges'
hourly rates listed will be discounted by 15%.  The discount will
be reflected in the Firm's Professional Fee Statements served and
fee applications filed with the Court by applying a 15% to the fee
portion of the billing statement.

James C. Bastian, Jr., partner of Shulman Hodges, 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.

Shulman Hodges can be reached at:

       James C. Bastian, Jr., Esq.
       SHULMAN HODGES & BASTIAN LLP
       8105 Irvine Center Drive, Suite 600
       Irvine, CA 92618
       Tel: (949) 340-3400
       Fax: (949) 340-3000
       E-mail: jbastian@shbllp.com

                  About Bay Area Financial

Bay Area Financial Corp., a consumer finance company, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Case No. 13-38974) on Dec. 9, 2013.  The case is assigned to
Judge Thomas B. Donovan.

The Debtor is represented by Sandford L. Frey, Esq., and Stuart I.
Koenig, Esq., at Creim Macias Koenig & Frey LLP, in Los Angeles,
California.

The petition lists assets and debt both exceeding $10 million.
Cash on entering Chapter 11 was about $1.4 million, to be
supplemented by almost $700,000 from an upcoming property
disposition.  There is no secured debt, although $141,000 is owing
on a priority tax claim.


BEAZER HOMES: Incurs $5.1 Million Net Loss in Dec. 31 Quarter
-------------------------------------------------------------
Beazer Homes USA, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $5.13 million on $293.17 million of total revenue
for the three months ended Dec. 31, 2013, as compared with a net
loss of $20.38 million on $246.90 million of total revenue for the
same period during the prior year.

As of Dec. 31, 2013, the Company had $1.93 billion in total
assets, $1.69 billion in total liabilities and $235.60 million in
total stockholders' equity.

As of Dec. 31, 2013, the Company's liquidity position consisted of
$382.6 million in cash and cash equivalents, $150 million of
capacity under the Company's Secured Revolving Credit Facility,
plus $49.2 million of restricted cash, $22.4 million of which
related to the Company's cash secured term loan.  The Company
expects to be able to meet its liquidity needs in the remainder of
fiscal 2014 and to maintain a significant liquidity position,
subject to changes in market conditions that would alter the
Company's expectations for land and land development expenditures
or capital market transactions which could increase or decrease
the Company's cash balance on a quarterly basis.

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

                        http://is.gd/UjZFyb

                         About Beazer Homes

Beazer Homes USA, Inc. (NYSE: BZH) -- http://www.beazer.com/--
headquartered in Atlanta, is one of the country's 10 largest
single-family homebuilders with continuing operations in Arizona,
California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada,
New Jersey, New Mexico, North Carolina, Pennsylvania, South
Carolina, Tennessee, Texas, and Virginia.  Beazer Homes is listed
on the New York Stock Exchange under the ticker symbol "BZH."

Beazer Homes incurred a net loss of $33.86 million for the year
ended Sept. 30, 2013, a net loss of $145.32 million for the year
ended Sept. 30, 2012, and a net loss of $204.85 million for the
year ended Sept. 30, 2011.

                           *     *     *

Beazer carries a 'B-' issuer credit rating, with "negative"
outlook, from Standard & Poor's.

In the Jan. 30, 2013 edition of the TCR, Moody's Investors Service
raised Beazer Homes USA, Inc.'s corporate family rating to 'Caa1'
from 'Caa2' and probability of default rating to 'Caa1-PD' from
'Caa2-PD'.  The ratings upgrade reflects Moody's increasing
confidence that Beazer's credit metrics, buoyed by a stregthening
housing market, will gradually improve for at least the next two
years and that the company may be able to return to a modestly
profitable position as early as fiscal 2014.

As reported by the TCR on Sept. 10, 2012, Fitch Ratings has
upgraded the Issuer Default Rating (IDR) of Beazer Homes USA, Inc.
(NYSE: BZH) to 'B-' from 'CCC'.  The upgrade and the stable
outlook reflect Beazer's operating performance so far this year,
its robust cash position, and moderately better prospects for the
housing sector during the remainder of this year and in 2013.  The
rating is also supported by the company's execution of its
business model, land policies, and geographic diversity.


BISHOP OF HELENA: Case Summary & 2 Unsecured Creditors
------------------------------------------------------
Debtor: Roman Catholic Bishop of Helena, Montana, a Montana
        Religious Corporation Sole (Diocese of Helena)
        PO BOX 1729
        Helena, MT 59624-1729

Case No.: 14-60074

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       District of Montana (Butte)

Debtor's Counsel: Bruce Alan Anderson, Esq.
                  ELSAESSER, JARZABEK, ET AL.
                  320 East Neider Avenue, Suite 102
                  Coeur D'Alene, ID 83815
                  Tel: 208.667.2900
                  Fax: 208-667-2150
                  Email: brucea@ejame.com

                       - and -

                  Ford Elsaesser, Esq.
                  ELSAESSER, JARZABEK, et al.
                  PO Box 1049
                  Sandpoint, ID 83864
                  Tel: 208-263-8517
                  Email: ford@ejame.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Most Reverend George Leo Thomas, Bishop
of Diocese of Helena.

A list of the Debtor's two largest unsecured creditors is
available for free at http://bankrupt.com/misc/mtb14-60074.pdf


BLITZ USA: Court Approves Elliott Greenleaf as Conflicts Counsel
----------------------------------------------------------------
The Hon. Peter J. Walsh of the U.S. Bankruptcy Court for the
District of Delaware authorized Blitz U.S.A., Inc. and its debtor-
affiliates to employ Elliott Greenleaf as Delaware special
litigation and conflicts counsel, nunc pro tunc to Nov. 7, 2013.

As reported on the Troubled Company Reporter on Dec. 5, 2013, the
Debtors need Elliott Greenleaf to:

   (a) advise the Debtors regarding adversary proceedings to be
       commenced on behalf of the Debtors' estates;

   (b) act as Delaware special litigation and conflicts counsel
       for the Debtors in the adversary proceedings; and

   (c) perform all other necessary legal services in connection
       with the Chapter 11 cases and the adversary proceedings as
       requested by the Debtors or their bankruptcy counsel.

Elliott Greenleaf will be paid at these hourly rates:

       Rafael X. Zahralddin-Aravena,
         shareholder, director and chair    $610
       Shelley A. Kinsella, shareholder     $450
       Eric M. Sutty, of counsel            $450
       Jonathan Stemerman, Sr. Associate    $375
       Jennifer L. Ford, paralegal          $225
       Ian D. Densmore, paralegal           $225
       Sandra I. Roberts, paralegal         $225

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

Rafael X. Zahralddin-Aravena, Esq., chair of the National
Commercial Bankruptcy Practice of Elliott Greenleaf, 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.

Elliott Greenleaf can be reached at:

       Rafael X. Zahralddin-Aravena, Esq.
       ELLIOTT GREENLEAF
       1105 North Market St., Suite 1700
       Wilmington, DE 19801
       Tel: (302) 384-9400
       Fax: (302) 384-9399
       E-mail: rxza@elliottgreenleaf.com

                      About Blitz U.S.A.

Blitz U.S.A. Inc., is a Miami, Oklahoma-based manufacturer of
plastic gasoline cans. The company, controlled by Kinderhook
Capital Fund II LP, filed for bankruptcy protection to stanch a
hemorrhage resulting from 36 product-liability lawsuits.

Parent Blitz Acquisition Holdings, Inc., and its affiliates filed
for Chapter 11 protection (Bankr. D. Del. Case Nos. 11-13602 thru
11-13607) on Nov. 9, 2011. The Hon. Peter J. Walsh presides over
the case.

Blitz USA disclosed $36,194,434 in assets and $41,428,577 in
liabilities in its schedules.

Daniel J. DeFranceschi, Esq., at Richards, Layton & Finger,
represents the Debtors in their restructuring efforts.  Young
Conaway Stargatt & Taylor LLP represents Debtors LAM 2011
Holdings, LLC and Blitz Holdings, Inc.  The Debtors tapped Zolfo
Cooper, LLC, as restructuring advisor; and Kurtzman Carson
Consultants LLC serves as notice and claims agent.
SSG Capital Advisors LLC serves as investment banker.

Lowenstein Sandler PC from Roseland, New Jersey, as well as Womble
Carlyle Sandridge & Rice, LLP, of Wilmington, Delaware, represent
the Official Committee of Unsecured Creditors.

The Chapter 11 case is financed with a $5 million secured loan
from Bank of Oklahoma. Bank of Oklahoma, as DIP agent, is
represented by Samuel S. Ory, Esq., at Frederic Dorwart Lawyers in
Tulsa.

In April 2012, Hopkins Manufacturing Corp. acquired the assets of
Blitz USA's unit, F3 Brands LLC, a major manufacturer of oil
drains, drain pans, lifting aids and automotive ramps. Blitz USA
said in court documents the sale netted the Debtors $14.6 million,
which was applied against secured debt.

Blitz announced in June 2012 it would abandon its efforts to
reorganize and instead to shut down operations by the end of July.
In September that year, the Troubled Company Reporter, citing
Sheila Stogsdill at Tulsa World, reported that the Bankruptcy
Court approved a $9.5 million offer from Toronto, Canada-based
Scepter Corporation to purchase Blitz USA, according to Philip
Monckton, Scepter's vice president of sales and marketing. Scepter
bought land, equipment and other assets. Scepter supplies about
20% of the USA market with gas cans. The report said the sale was
to become final on Sept. 28, 2012.


BONDS.COM GROUP: Hires Adviser After PE Firm Shows Interest
-----------------------------------------------------------
Lisa Allen, writing for The Deal, reported that shortly after a
private equity firm expressed interest in acquiring Bonds.com
Group Inc., the fixed-income trading platform announced that it
has retained a financial adviser to conduct a review of strategic
alternatives.

According to the report, the New York-based company, which
provides a platform for finance firms to trade bonds online, said
on Jan. 29 that it would consider a strategic investment, merger,
or sale.

Long Ridge Equity Partners disclosed in a Jan. 28 13D filing with
the Securities and Exchange Commission that it's interested in
doing a deal that "may take the form of a merger, tender offer or
other corporate transaction," the report related.

Thus far, Bonds.com hasn't found a way to operate profitably, the
report said.  For the quarter ended Sept. 30, the company incurred
a $1.6 million loss on $1.64 million in revenue, compared to its
$2 million loss on $1.79 million in revenue during the same
quarter last year. Even so, Bonds.com noted that its results have
improved over the last nine months due to increased revenue and
decreased costs for payroll and consulting fees.

Assets stood at $6.07 million on Sept. 30, including $3.54 million
in cash and cash equivalents, with liabilities at $4.1 million,
the report further related.

                       About Bonds.com Group

Based in Boca Raton, Florida, Bonds.com Group, Inc. (OTC BB: BDCG)
-- http://www.bonds.com/-- through its subsidiary Bonds.com,
Inc., serves institutional fixed income investors by providing a
comprehensive zero subscription fee online trading platform.  The
Company designed the BondStation and BondStationPro platforms to
provide liquidity and competitive pricing to the fragmented Over-
The-Counter Fixed Income marketplace.

The Company differentiates itself by offering through Bonds.com,
Inc., an inventory of more than 35,000 fixed income securities
from more than 175 competing sources.  Asset classes currently
offered on BondStation and BondStationPro, the Company's fixed
income trading platforms, include municipal bonds, corporate
bonds, agency bonds, certificates of deposit, emerging market
debt, structured products and U.S. Treasuries.

Bonds.com Group disclosed a net loss of $6.98 million in 2012, as
compared with a net loss of $14.45 million in 2011.  The Company's
balance sheet at Sept. 30, 2013, showed $6.05 million in total
assets, $4.09 million in total liabilities and $1.95 million in
total stockholders' equity.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012, citing recurring losses and negative
cash flows from operations, and a working capital deficiency and a
stockholders' deficiency that raise substantial doubt about its
ability to continue as a going concern.


BUFFALO PARK: Plan Confirmation Hearing Set for May 14
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado will
conduct a hearing on confirmation of Buffalo Park Development
Properties, Inc.'s plan of reorganization on Wednesday, May 14,
2014, at 9:00 a.m.

As reported by The Troubled Company Reporter on Nov. 15, 2013,
Buffalo Park intended to proceed with a sale of its water
companies pursuant to 11 U.S.C. Sec. 363 and will not be
proceeding with a plan of reorganization, according to
a court filing by its owners.

Owners of Buffalo Park -- Ronald P. Lewis and Carol J. Lewis --
have filed a Chapter 11 restructuring plan.  The Lewises intend to
restructure their debts and obligations and continue to operate in
the ordinary course of business.  According to the Disclosure
Statement, the rental income from the Lewises' properties and
their disposable income, together with the restructuring of the
mortgages and other secured debts, will generate sufficient funds
to pay on a pro-rata basis a portion of the Lewises' unsecured
debts.

The Debtors are required to file their amended plan reflecting any
settlement terms no later than April 28, 2014.  Any party
intending to present evidence at the confirmation hearing will
exchange exhibits and file their witness and exhibit list no later
than May 5, 2014.

         About Buffalo Park Development Properties

Buffalo Park Development Properties, Inc., filed a Chapter 11
petition (Bankr. D. Colo. Case No. 13-17669) on May 7, 2013.
Ronald P. Lewis signed the petition as owner and CEO.  Buffalo
Park disclosed $20,777,601 assets and $11,294,567 liabilities in
its schedules.  Robert Padjen, Esq., at Laufer and Padjen LLC
serves as counsel to Buffalo Park. Judge Elizabeth E. Brown
presides over the case.

Formed in 1964, Buffalo Park is a real estate development,
construction, management and sales business.  It has developed and
sold numerous subdivisions and currently has several land
developments in progress.  Buffalo Park owns and operates
community water companies that require a licensed water works
operator and owns a commercial business center.

Owners of Buffalo Park -- Ronald P. Lewis and Carol J. Lewis --
filed for protection under Chapter 11 of the Bankruptcy Code on
March 21, 2012.  The Lewises have been investing in, developing
and managing real property for more than 60 years.

The Bankruptcy Court granted joint administration of the two
estates on July 18, 2013.


BROWNSVILLE MD: Asks for Go Signal to Obtain Financing
------------------------------------------------------
Brownsville MD Ventures, LLC, seeks authorization from the
Honorable Richard S. Schmidt of the U.S. Bankruptcy Court for the
Southern District of Texas to obtain Post-Petition Financing to
pay the premium for its insurance policy on its real property at
4750 North Expressway, Brownsville, Texas 78520.

To secure repayment of the loan, the Debtor proposes to grant the
member-lenders: (a) a first priority lien on (i) all unearned
premiums which may be payable under the replacement policy;
(ii) loss payments which reduce the unearned premiums, and
(iii) any interest arising under a state guarantee funding
relating to (i) and (ii); and (b) a junior lien on the Property,
and the proceeds arising from the sale of the Property.  This lien
will be junior to both Cameron County's lien on the Property and
Pineda's alleged lien on the Property.

The Debtor has conferred with its members, and some or all of its
members are willing and able to loan the Debtor funds so that the
Debtor can pay the premium on the insurance policy.  The member-
lenders are willing to loan funds to the Debtor on a secured
basis.  Given the exigency of and the time constraints due to the
current circumstances regarding insurance, the Debtor has been
unable to seek financing on unsecured terms.

The Pineda Grantor Trust II asserts liens on the Debtor's
Property.  Pineda also asserts an interest in the Debtor's cash.
Pineda is believed to be greatly oversecured, based upon a 2011
appraisal of the Property in the amount of $20-$21 million.

On Jan. 14, 2014, the Court authorized the Debtor to obtain post-
petition insurance premium financing for its property insurance.
The financing terms required the Debtor to make an initial down
payment of $22,853.23, and 10 monthly payments of $6,654.25.  The
very next day, on Jan. 15, 2014, the financing company declined to
extend financing to the Debtor because of the Debtor's pending
bankruptcy case.  The Debtor said in its Jan. 17, 2014 court
filing that it has more than enough cash to make a lump-sum
payment for its property insurance premium.  The Pineda Grantor
Trust II, however, did not consent to the Debtor's use of Pineda's
alleged cash collateral for the payment.  The Debtor had until
Jan. 29, 2014 to obtain property insurance.  Otherwise, Pineda
would be able to commence foreclosure steps and to foreclose on
the Debtor's real property.

On Jan. 17, 2014, the Debtor sought the Court's permission to use
cash collateral to pay $87,062.71 for the insurance premium.  On
Jan. 23, 2014, the Court denied, for the time being, that motion.

                   About Brownsville MD Ventures

Brownsville MD Ventures, LLC, was formed in 2004 for the purpose
of acquiring real property and improvements in Brownsville, Texas.
The company leased the property to Brownsville Doctors Hospital,
LLC, which operated a hospital on the premises.  The tenant has
ceased operations, and the property has been vacant since August
2012.

Brownsville MD Ventures filed a Chapter 11 petition (Bankr. S.D.
Tex. Case No. 13-10341) on Aug. 26, 2013, in Brownsville, Texas.
Chester Gonzalez, the managing member and the chairman of the
board of managers, signed the bankruptcy petition.

The Debtor disclosed $24 million in assets and $14.7 million in
liabilities in its schedules.

The Debtor's property was appraised by Compass Bank in July 2011
with a fair market value in excess of $20,000,000.  Pineda Grantor
Trust II, as assignee of Compass Bank (which provided a loan to
finance the acquisition of the property), is the secured lender.

Kell Corrigan Mercer, Esq., at Husch Blackwell, LLP, in Austin,
Texas, serves as the Debtor's counsel.  The Debtor tapped The
Rentfro Law Firm PLLC as special counsel to provide legal advice
regarding business matters.

Judge Richard S. Schmidt presides over the case.


BUILDERS GROUP: Ch. 11 Trustee Hires Albert Tamarez as Accountant
-----------------------------------------------------------------
Noreen Wiscovitch Rentas, the Chapter 7 trustee of Builders Group
& Development Corp. asks for permission from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ Albert Tamarez
Vasquez, CPA as the estate's accountant.

The accounting firm will work on the following matters:

   (a) preparation of corporate tax returns and declarations, as
       long as these are deemed necessary in Chapter 7;

   (b) review of accounting records for preparation of year end
       accounting and reports, including preparation of quarterly
       tax returns, informative returns and employee withholding
       statements;

   (c) reconciliation, review and compilation of financial
       information and prepare reports requested by the trustee;

   (d) assist the trustee in review and reconciliation of creditor
       claims, including governmental agencies;

   (e) review financial records to determine if actions are
       necessary under sections 544, 546, 547, 548, and 549 of the
       Bankruptcy Code.  This list not being exclusive;

   (f) review accounting records for rents received by secured
       creditors and Debtor prior to conversion to Chapter 7; and

   (g) assist in any forensic accounting as deemed necessary by
       the Trustee.

The firm will be paid $150 per hour of service for Albert Tamarez
Vasquez, CPA, $100 per hour of services of CPA Supervisor and $65
per hour of service of Staff Accountant.  Albert Tamarez will also
be reimbursed for reasonable out-of-pocket expenses incurred.

Mr. Tamarez 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.

Mr. Tamarez can be reached at:

       Albert Tamarez Vasquez, CPA
       Global Plaza Building
       322 John Albert Erndt Street Suite 201H
       San Juan, PR 00920
       Tel: (787) 795-2855
       Fax: (888) 400-7923
       E-mail: atamarez@tamarezcpa.com

                     About Builders Group

Builders Group & Development Corp. owns and manages the Cupey
Professional Mall, a shopping center located in Cupey, Puerto
Rico.  The Company sought Chapter 11 protection (Bankr. D.P.R.
Case No. 13-04867) on June 12, 2013, in San Juan, Puerto Rico, its
home-town.  The company sought bankruptcy on the eve of a
foreclosure sale of its property.  The Debtor estimated at least
$10 million in assets and liabilities in its petition.  The Debtor
Associates.  Jose M. Monge Robertin, CPA, and Monge Robertin &
Asociados Inc. serve as the Debtor's CPA/Insolvency and
Restructuring Advisor.


CAESARS ENTERTAINMENT: Bank Debt Trades at 4% Off
-------------------------------------------------
Participations in a syndicated loan under which Caesars
Entertainment Inc. is a borrower traded in the secondary market at
96.14 cents-on-the-dollar during the week ended Friday, Jan. 31,
2014, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
a decrease of 0.36 percentage points from the previous week, The
Journal relates.  Caesars Entertainment Inc. pays 525 basis points
above LIBOR to borrow under the facility.  The bank loan matures
on Jan. 1, 2018, and carries Moody's B3 rating and Standard &
Poor's B- rating.  The loan is one of the biggest gainers and
losers among 205 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Friday.

                  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.  The Company's balance sheet at Sept. 30,
2013, showed $26.09 billion in total assets, $27.59 billion in
total liabilities and a $1.49 billion 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.


CASH STORE: Conference Call on Q1 Results Scheduled for Feb. 4
--------------------------------------------------------------
Cash Store Financial will hold its First Quarter results
conference call and webcast on February 4, 2014.

The conference call may be accessed by dialing toll-free 1-888-
231-8191 and providing the conference ID #38529606.  It will also
be broadcast live via the Internet at: http://cnw.ca/B8g29

A replay of the conference call will be available until February
11, 2014, by dialing toll-free 1-855-859-2056 and providing the
conference ID #38529606.

Cash Store Financial is also announcing that it has filed its
annual report for the year ended September 30, 2013 on Form 20-F
with the SEC. The Form 20-F, including the audited financial
statements included therein, is available at
http://www.csfinancial.ca

Hard copies of the audited financial statements are available free
of charge on request by calling (780) 408-5110 or writing to:

Attn: Investor Inquiries
The Cash Store Financial Services Inc. 15511 123 Avenue
Edmonton, Alberta, Canada T5V 0C3

                   About Cash Store Financial

Headquartered in Edmonton, Alberta, The Cash Store Financial is
the only lender and broker of short-term advances and provider of
other financial services in Canada that is listed on the Toronto
Stock Exchange (TSX: CSF).  Cash Store Financial also trades on
the New York Stock Exchange (NYSE: CSFS).  Cash Store Financial
operates 512 branches across Canada under the banners "Cash Store
Financial" and "Instaloans".  Cash Store Financial also operates
25 branches in the United Kingdom.

Cash Store Financial is a Canadian corporation that is not
affiliated with Cottonwood Financial Ltd. or the outlets
Cottonwood Financial Ltd. operates in the United States under the
name "Cash Store".  Cash Store Financial does not do business
under the name "Cash Store" in the United States and does not own
or provide any consumer lending services in the United States.

Cash Store Financial employs approximately 1,900 associates.

The Cash Store incurred a net loss and comprehensive loss of
C$35.53 million on C$190.76 million of revenue for the year ended
Sept. 30, 2013, as compared with a net loss and comprehensive loss
of C$43.52 million on C$187.41 million of revenue for the year
ended Sept. 30, 2012.  As of Sept. 30, 2013, the Company had
C$164.58 million in total assets, C$165.90 million in total
liabilities and a C$1.32 million shareholders' deficit.

                          *     *     *

As reported by the Troubled Company Reporter on January 2, 2014,
Moody's Investors Service downgraded the Corporate Family and
Senior Secured debt ratings of The Cash Store Financial Services
Inc. to Caa2 from Caa1 and placed the ratings under review for
further possible downgrade.  The downgrade reflects regulatory
challenges in the company's major operating market of Ontario,
Canada that could significantly adversely affect the firm's
financial performance as well as Cash Store's weak financial
results.


CHARTER COMMUNICATIONS: Time Warner Cable CEO Defends Bid Refusal
-----------------------------------------------------------------
Chris Nolter, writing for The Deal, reported that Time Warner
Cable Inc. CEO Robert Marcus divided the company's Jan. 30
investor call between presenting fourth-quarter earnings and
defending its resistance to buyout overtures from Charter
Communications Inc.

"We're in the business of maximizing shareholder value," Marcus
said, regarding Time Warner Cable's rejection of a $132.50 per
share cash and stock offer from Charter, backed by John Malone's
Liberty Media Corp., the report cited.

With Time Warner Cable's shareholder meeting approaching and the
prospect of Comcast Corp. agreeing to pick up some markets from
Charter in a side deal, the pressure on the second-largest U.S.
cable operator may grow more intense, the report said.  Comcast's
involvement, which is not confirmed, would increase the financial
resources behind a bid and possibly increase calls for Time Warner
Cable to engage more fully in talks.

Craig Moffett of MoffettNathanson LLC described Time Warner
Cable's position as a "last stand" in a Jan. 30 note, the report
related.

Marcus told investors that Time Warner Cable's numbers suffered
last year because of the timing of increased promotional pricing,
among other matters, the report further related.

                   About Charter Communications

Based in St. Louis, Missouri, Charter Communications, Inc. (Pink
OTC: CHTRQ) -- http://www.charter.com/-- is a broadband
communications company and the fourth-largest cable operator in
the United States.

Charter Communications and more than a hundred affiliates filed
voluntary Chapter 11 petitions on March 27, 2009 (Bankr. S.D.N.Y.
Case No. 09-11435).

The Hon. James M. Peck presided over the cases.  Richard M. Cieri,
Esq., Paul M. Basta, Esq., and Stephen E. Hessler, Esq., at
Kirkland & Ellis LLP, in New York, served as counsel to the
Debtors, excluding Charter Investment Inc.  Albert Togut, Esq., at
Togut, Segal & Segal LLP in New York, served as Charter
Investment, Inc.'s bankruptcy counsel.

Charter Communications emerged from Chapter 11 under its pre-
arranged Joint Plan of Reorganization, which was confirmed by the
Court on Nov. 17, 2009.  The Plan was declared effective Nov. 30,
2009.

                   About Time Warner Cable

Time Warner Cable Inc.,  is among the largest providers of video,
high-speed data and voice services in the U.S., with
technologically advanced, well-clustered cable systems located
mainly in five geographic areas - New York State (including New
York City), the Carolinas, the Midwest (including Ohio, Kentucky
and Wisconsin), Southern California (including Los Angeles) and
Texas. As of September 30, 2013, TWC served approximately 15.1
million customers (approximately 14.5 million residential services
customers and 606,000 business services customers) who subscribed
to one or more of its video, high-speed data and voice services.


CIT GROUP: DBRS Assigns 'BB' Issuer Rating
------------------------------------------
DBRS Inc. considers CIT Group Inc.'s 4Q13 results as evidencing
the strength of the Company's commercial lending franchise with
solid expansion in funded volumes in a highly competitive market.
Moreover, despite a number of one-time items that resulted in
lower YoY results, DBRS sees the Company's underlying results as
sound despite the expected compression in adjusted finance margins
and operating expenses that remain above Company targets.

Positively, CIT reported new funded volumes of $3.1 billion in the
quarter, the highest level post-reorganization.  Corporate finance
volumes were higher and with the mix balanced between asset-
secured and cash flow loans.  The delivery of 11 new aircraft and
approximately 1,800 railcars as well as over $0.4 billion of
lending drove the growth in Transportation Finance volumes.
However, Vendor Finance volumes were lower reflecting the exit
from certain subscale international platforms.  As a result of the
expansion in overall volumes, total commercial earning assets were
8% higher YoY and 2% higher QoQ at $32.7 billion.

DBRS calculated adjusted revenues were stable QoQ at $474 million
as adjusted net finance revenue was lower reflecting the sale of
the higher yielding Dell European Vendor Finance portfolio and
some lease rate compression on aircraft lease renewals.  Higher
fee revenue including an increase in capital market fees in
Corporate Finance were the primary driver of the improvement in
adjusted non-interest income.  From DBRS's perspective, the
improved full year revenue generation, (DBRS-calculated adjusted
revenues for 2013 were $1.9 billion, 31% higher YoY) illustrates
CIT's ability to grow earning assets while maintaining pricing
discipline as well as the positive impact on margins from the
substantial reduction in high cost debt achieved by the Company
since reorganization.

Excluding restructuring charges and the previously announced Tyco
Tax Agreement settlement, adjusted operating expenses were flat
QoQ at $227 million.  Nevertheless, operating expenses remain
outside the Company's target range of 2.00% - 2.50% of average
earning assets.  For 2014, DBRS expects CIT to make further
progress towards this target through the rationalization of the
international Vendor Finance platforms, cost reductions and asset
growth.

CIT's balance sheet strength remains sound underpinned by credit
metrics that remain at cyclical lows, ample liquidity and solid
capital.  Liquidity was comprised of $8.8 billion cash and
investment securities as well as $1.9 billion of unused and
committed capacity under its revolving credit facility.

DBRS notes that in January 2014 CIT renewed its revolving
facility, lowering the commitment to $1.5 billion, while extending
the maturity to January 2017.  Preliminary Tier 1 capital at year-
end 2013 was 16.7%, well-above regulatory requirements.

DBRS rates CIT Group Inc.'s Issuer Rating at BB with a Positive
trend.


CLEAR CHANNEL: Bank Debt Trades at 2% Off
-----------------------------------------
Participations in a syndicated loan under which Clear Channel
Communications is a borrower traded in the secondary market at
97.60 cents-on-the-dollar during the week ended Friday, Jan. 31,
2014, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
an increase of 0.57 percentage points from the previous week, The
Journal relates.  Clear Channel Communications pays 365 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on Jan. 30, 2016, and carries Moody's Caa1 rating and
Standard & Poor's CCC+ rating.  The loan is one of the biggest
gainers and losers among 205 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

                About Clear Channel Communications

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

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

As of Sept. 30, 2013, the Company had $15.23 billion in total
assets, $23.60 billion in total liabilities and a $8.37 billion
total shareholders' deficit.

                           *     *     *

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

Standard & Poor's Ratings Services also announced in May 2013 that
its issue-level rating on Clear Channel's senior secured term loan
remains unchanged at 'CCC+' following the company's upsize of the
loan to $4 billion from $1.5 billion.  The rating on parent
company CC Media Holdings remains at 'CCC+' with a negative
outlook, which reflects the risks surrounding the long-term
viability of the company's capital structure.


COLOR STAR: U.S. Trustee Forms Five-Member Creditor's Panel
-----------------------------------------------------------
William T. Neary, United States Trustee for Region 6, appointed
five creditors to serve on the Official Committee of Unsecured
Creditors in the Chapter 11 cases of Color Star Growers of
Colorado Inc. and its two debtor-affiliates.

The members of the Committee are:

  a) Tony Lucarell (interim chair)
     Express Seed Co. Inc
     51051 U.S. Hwy 20
     Oberlin, OH 44074
     Tel: (330) 607-3854
     Fax: (440) 774-2728
     Email: tlucarell@greencirclegrowers.com

  b) David Colotriano
     Michell's Seed
     P.O. Box 60160
     King of Prussia, PA 19406
     Tel: (610) 265-4200 Ext. 198
     Fax: (610) 265-1141
     Email: dcolatri@michells.com

  c) Andrew Stavrou
     Ball Seed Co.
     622 Town Road
     West Chicago, ILL 60185
     Tel: (630) 588-3256
     Fax: (630) 562-7611
     Email: astavrou@ballhort.com

  d) George Collins
     Summit Plastic Co.
     1169 Brittain Rd.
     Akron, OH 44305
     Tel: (330) 633-3668
     Fax: (330) 633-9738
     Email: georgecollins@summitplastic.com

  e) Art Phelps
     BWI Companies Inc.
     P.O. Box 990
     Nash, Tex. 75569
     Tel: (903) 334-0303
     Fax: (903) 831-4799
     Email: artphelps@bwjcompanies.com

Color Star Growers of Colorado, Inc., and two affiliates sought
Chapter 11 protection (Bankr. E.D. Tex. Case Nos. 13-42959 to
13-42961) on Dec. 15, 2013, in Sherman, Texas.  The petitions were
signed by Brad Walker, chief restructuring officer.  Evan R.
Baker, Esq., at Gardere Wynne Sewell LLP, serves as the Debtors'
counsel.


COLOR STAR: Files Schedules of Assets And Liabilities
-----------------------------------------------------
Color Star Growers of Colorado Inc. filed with the U.S. Bankruptcy
Court for the Eastern District of Texas its schedules of assets
and liabilities, disclosing:

     Name of Schedule              Assets           Liabilities
     ----------------            -----------        -----------
  A. Real Property               $33,100,000
  B. Personal Property           $13,301,367
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                 $56,000,000
  E. Creditors Holding
     Unsecured Priority
     Claims                                            $223,622
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $5,984,075
                                 -----------     --------------
        TOTAL                    $46,401,367        $62,207,697

A copy of the schedules is available for free at:

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

Color Star Growers of Colorado, Inc., and two affiliates sought
Chapter 11 protection (Bankr. E.D. Tex. Case Nos. 13-42959 to
13-42961) on Dec. 15, 2013, in Sherman, Texas.  The petitions were
signed by Brad Walker, chief restructuring officer.  Evan R.
Baker, Esq., at Gardere Wynne Sewell LLP, serves as the Debtors'
counsel.


COMPREHENSIVE POWER: Equipment to Be Auctioned Off Feb. 11
----------------------------------------------------------
Pursuant to Article 9 of the Uniform Commercial Code, Moog Inc.,
as secured party, will sell certain collateral owned by
Comprehensive Power, Inc. at public auction to the highest bidder
on Feb. 11, 2014 at 10:00 a.m. EST at 420 Northboro Rd. Central,
Marlborough, MA 01752.

The Collateral will be offered for sale as (A) an entirety, and
also (B) in separate lots of (i) machinery and equipment assets,
(ii) intellectual property, (iii) patents and (iiii) inventory and
WIP.  The method that produces the highest value will be confirmed
at the time and place of sale.

A $50,000 deposit is required to bid, settlement Feb. 12.

Inspection is from 8:00 a.m. to 10:00 a.m. or by appointment.

For further information and additional terms please contact:

     David A. Fiegel, Licensed MA Auctioneer #03219
     BLACKBIRD ASSET SERVICES
     Tel: 716-632-1000
     E-mail: info@blackbirdauctions.com
     Web site: http://www.blackbirdauctions.com


CONE SHIPPING: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Cone Shipping, LLC
        5900 West Baker Road
        Baytown, TX 77520-1620

Case No.: 14-30609

Chapter 11 Petition Date: January 31, 2014

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

Judge: Hon. Marvin Isgur

Debtor's Counsel: Margaret Maxwell McClure, Esq.
                  LAW OFFICE OF MARGARET M. MCCLURE
                  909 Fannin, Suite 3810
                  Houston, TX 77010
                  Tel: 713-659-1333
                  Fax: 713-658-0334
                  Email: margaret@mmmcclurelaw.com

Total Assets: $1.76 million

Total Liabilities: $2.52 million

The petition was signed by Matthew T. Cone, managing member.

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


COOPER TIRE: Resolves Dispute at China Plant
--------------------------------------------
Liz Hoffman, writing for The Wall Street Journal, reported that
Cooper Tire & Rubber Co. agreed with Chengshan Group Co. to
resolve ownership of their Chinese joint venture, where tensions
last year erupted into a strike that derailed Cooper's $2.2
billion sale to an Indian company.

According to the report, Cooper laid out a plan that will either
see the Ohio-based company or its local partner, Chengshan, take
full control of the joint venture. The first step is an
independent valuation of the business, which accounted for about
one-quarter of Cooper's $4.2 billion in 2012 sales, according to
filings. The Jan. 30 agreement sets a floor of $435 million on the
valuation.

Cooper owns 65% and Chengshan owns 35% of the venture, the report
said.

Known as CCT, the operation became an hurdle in Cooper's failed
sale to Indian suitor Apollo Tyres Ltd. last year, the report
related.  The deal fell apart in December after the factory in
eastern China revolted on news of the sale.

Workers struck, and management revoked Cooper's access to the
factory's financial records, according to public filings, the
report cited.

Cooper is a Delaware corporation with its principal executive
offices located in Findlay, Ohio.  Cooper is the parent company of
a global family of companies that specialize in the design,
manufacture, marketing and sales of passenger car and light truck
tires.  Cooper has joint ventures, affiliates and subsidiaries
that also specialize in medium truck, motorcycle and racing tires.
The Individual Defendants are directors and officers of the
Company.

                         *     *     *

Moody's Investors Service late last month revised Cooper Tire &
Rubber Company's rating outlook to negative. In a related action,
the company's credit ratings were confirmed, including Corporate
Family and Probability of Default rating at B1 and B1-PD,
respectively, and senior unsecured notes at B2. The action
concluded the review for downgrade initiated on June 17, 2013. The
company's Speculative Grade Liquidity Rating was lowered to SGL-4
from SGL-2.


CORAL BAR: Case Summary & 3 Unsecured Creditors
-----------------------------------------------
Debtor: Coral Bar, Inc.
        4705 N. Bailey Rd.
        Coral, MI 49332

Case No.: 14-00488

Chapter 11 Petition Date: January 30, 2014

Court: United States Bankruptcy Court
       Western District of Michigan (Grand Rapids)

Judge: Hon. Jeffrey R. Hughes

Debtor's Counsel: Todd A. Almassian, Esq.
                  KELLER & ALMASSIAN PLC
                  2810 East Beltline Ln, NE
                  Grand Rapids, MI 49525
                  Tel: (616) 364-2100
                  Email: ecf@kalawgr.com

Estimated Assets: not indicated

Estimated Liabilities: not indicated

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/miwb14-488.pdf


CREATIONS GARDEN: Feb. 12-13 Auction Scheduled for Various Assets
-----------------------------------------------------------------
Tiger Group's Remarketing Services Division and Reich Brothers are
now accepting offers for the assets of Creations Garden Natural
Products, Inc.  Tiger and Reich are conducting the sale in
cooperation with Brian Testo Associates.

At its peak, Creations Garden posted annual sales of $50 million,
with its products sold at such retailers as Target, Sam's Club,
BJs Wholesale Club, Walgreens, Duane Reade, Hi Health, TJ Maxx,
and AM/PM.  The bankrupt company's product lines include skin
care, hair care, nutraceuticals, organic supplements, tattoo and
piercing skin care, organic pet supplements, beverages, powdered
drinks and energy shots.  The business is being offered for sale
as a going concern, or in lots during a live webcast auction
scheduled for February 12 and 13.  The auction will take place
both days at 10:30 a.m. (PT) at the Hyatt Regency Valencia located
at 24500 Town Center Dr., Valencia, and online at
www.SoldTiger.com

Assets being offered include the global company's brand names and
other intellectual property; more than $8 million of finished
goods, component and raw inventory; more than 200,000 square feet
of state-of-the-art filling, mixing, packaging and support
equipment; as well as office, laboratory, warehousing and
transportation equipment.

"This sale represents a tremendous buying opportunity for a broad
audience," said Jeff Tanenbaum, President of Tiger Remarketing
Services.  "We are always hopeful a going concern buyer recognizes
the opportunity and steps up to put the company and its employees
back to work.  However, if this does not occur, the components of
this operation appeal to many audiences -- from national
competitors and related packaging operations who will appreciate
the late-model, well maintained mixing, processing and packaging
equipment, to any local and regional business interested in
warehouse, distribution, facility and office equipment."

The trade names being offered include the Creation's Garden(R)
brand of nutritional supplements, body cleansing supplements and
other natural remedies; Rocco's Old School Products,(R) a natural
and organic skin care line devoted exclusively to the tattoo,
piercing and body art marketplace; and The Flying Basset,(TM) the
first organic whole food pet supplement line.

Finished goods inventories include the company's own brands as
well as products under retail private labels.  The multi-million-
dollar component and raw material inventory includes bottles and
caps, tubes, jars, and ingredients, as well as materials purchased
from domestic vendors.

The filling equipment features 11 single and dual head HMC Bartelt
machines (rebuilt by HMC between 2008 and 2011) equipped for
liquid and/or powder and tablet filling; a 2006 Norden 420HA Tube
Filler;  and a complete Kalish Swiftpack line.  The company's
complete liquid bottling line includes an Accutek bottle sorter,
Biner Ellison filling machine, a Kaps Plus capper, conveyers, heat
tunnels, and Video Jet Ink coders.  Tablet equipment includes a
2007 O'Hara Fastcoat coater, four Stokes tablet presses, three
Bosch high-speed encapsulators, and three Schaeffer encapsulators.
Also available will be packaging equipment that includes an ALS
automatic tube labeler; an Axon shrink sleeve label applicator;
two Belco heat tunnels; and two complete pill bottle fill lines
with lane counters, neck banders, labelers, sleevers and
accumulation tables.

Among the mixing equipment will be two B Cast 3,000-gallon
stainless steel mix tanks; thirty 275-cubic-foot ribbon blenders;
and assorted stainless steel-jacketed mixing tanks and kettles.
Lab equipment includes five late-model Shimadzu HPLCs, two
Shimadzu gas chromatographs, a Rotovapor, and numerous platform
and benchtop scales.  Plant support equipment for bid includes a
Torit dust collector, an Air Foxx dust collector and three Puretec
Aquafine DI water systems.

Other assets include executive office and reception furniture and
furnishings, file cabinets, telephone systems, copiers, and
desktop and notebook computers, along with servers and
presentation equipment.

Vehicles being sold include an International 26-foot box truck
with lift gate, an Isuzu 16-foot box truck with lift gate, a 2010
Chevrolet Suburban, a 2008 GMC Express Cargo Van, as well as seven
electric and lpg Toyota forklifts.  Warehouse and support
equipment includes more than 400 sections of pallet racking, floor
scales, electric pallet jacks, manual pallet jacks, rolling
ladders, merchandise carts, stock shelving, and commercial
refrigerators.

The company filed for Chapter 11 bankruptcy on November 20, 2013
in the California Central Bankruptcy Court (case number 2:13-bk-
37815).

The assets will be available for inspection on February 10 and 11
from 9:00 a.m. to 5:00 p.m. (PT) at the following locations in
Valencia: tablet facility and corporate offices at 24849 Anza Dr.;
Bartelt packaging and other filling equipment at 24749 Avenue
Rockefeller and 24887 Avenue Rockefeller; laboratory, mixing and
filling equipment at 27540 Avenue Mentry; finished goods and
packaging equipment at 27615 Avenue Hopkins.  Additional Bartelt
packaging and other filling equipment can be viewed at 28926
Hancock Parkway in Castaic, Calif.

Creations Garden Natural Products, Inc. is a natural products
manufacturer based in Valencia, Calif.


CASH STORE: To Hold Q1 Conference Call on February 4
----------------------------------------------------
The Cash Store Financial Services Inc. will hold its first quarter
results conference call and webcast with shareholders, analysts
and institutional investors on Tuesday, February 4th at 9:00 am
EST.  The results for the three months ended Dec. 31, 2013, will
be released after market closes on Monday, Feb. 3, 2014.

The conference call may be accessed by dialing toll-free 1-888-
231-8191 and providing the conference ID #38529606.  It will also
be broadcast live via the Internet at: http://cnw.ca/B8g29

A replay of the conference call will be available until Feb. 11,
2014, by dialing toll-free 1-855-859-2056 and providing the
conference ID #38529606.

                       2013 Annual Results

Cash Store Financial also filed its annual report for the year
ended Sept. 30, 2013, on Form 20-F with the U.S. Securities and
Exchange Commission.  Hard copies of the audited financial
statements are available free of charge on request by calling
(780) 408-5110 or writing to:

     Attn: Investor Inquiries
     The Cash Store Financial Services Inc.
     15511 123 Avenue
     Edmonton, Alberta, Canada
     T5V 0C3

Cash Store Financial reported a net loss and comprehensive loss of
C$35.53 million on C$190.76 million of revenue for the year ended
Sept. 30, 2013, as compared with a net loss and comprehensive loss
of C$43.52 million on C$187.41 million of revenue for the year
ended Sept. 30, 2012.

The Company's balance sheet at Sept. 30, 2013, showed C$164.58
million in total assets, C$165.90 million in total liabilities and
a C$1.32 million shareholders' deficit.

A full-text copy of the Form 20-F is available for free at:

                       http://is.gd/8zSsP1

                    About Cash Store Financial

Headquartered in Edmonton, Alberta, The Cash Store Financial is
the only lender and broker of short-term advances and provider of
other financial services in Canada that is listed on the Toronto
Stock Exchange (TSX: CSF).  Cash Store Financial also trades on
the New York Stock Exchange (NYSE: CSFS).  Cash Store Financial
operates 512 branches across Canada under the banners "Cash Store
Financial" and "Instaloans".  Cash Store Financial also operates
25 branches in the United Kingdom.

Cash Store Financial is a Canadian corporation that is not
affiliated with Cottonwood Financial Ltd. or the outlets
Cottonwood Financial Ltd. operates in the United States under the
name "Cash Store".  Cash Store Financial does not do business
under the name "Cash Store" in the United States and does not own
or provide any consumer lending services in the United States.

Cash Store Financial employs approximately 1,900 associates.

                          *     *     *

As reported in the Feb. 8, 2013 edition of the TCR, Standard &
Poor's Ratings Services lowered its issuer credit rating on Cash
Store Financial (CSF) to 'CCC+' from 'B-'.  The outlook is
negative.

"The downgrades follow a proposal by the payday loan registrar in
Ontario to revoke CSF's payday lending licenses and CSF's
announcement that it has discontinued its payday loan product in
the region," said Standard & Poor's credit analyst Igor Koyfman.
The company's businesses in Ontario, which account for
approximately one-third of its store count, will begin offering a
new line of credit product to its customers.  S&P believes this is
to offset the loss of its payday lending product; however, this is
a relatively new product, and S&P believes that it will be
challenging for the company to replace its lost earnings from the
payday loan product.  S&P also believes that the registrar's
proposal could lead to similar actions in other territories.

As reported by the TCR on Jan. 2, 2014, Moody's Investors Service
downgraded the Corporate Family and Senior Secured debt ratings of
The Cash Store Financial Services Inc. to Caa2 from Caa1 and
placed the ratings under review for further possible downgrade.

The downgrade reflects regulatory challenges in the company's
major operating market of Ontario, Canada that could significantly
adversely affect the firm's financial performance as well as Cash
Store's weak financial results.


CELL THERAPEUTICS: OKs Extension of LTIP Performance Period
-----------------------------------------------------------
Cell Therapeutics, Inc., previously adopted a long-term incentive
program, effective as of Jan. 3, 2012, that provided for grants of
performance-based equity awards to the Company's executive
officers and directors.

Awards currently outstanding under the program were granted to
James A. Bianco, the Company's chief executive officer and
president; Louis A. Bianco, the Company's executive vice
president, finance and administration; Jack W. Singer, M.D., the
Company's executive vice president, Global Medical Affairs and
Translational Medicine; and Matthew Plunkett, the Company's
executive vice president, Corporate Development.  In addition,
each of the Company's directors who are not employed by the
Company, including John H. Bauer, Vartan Gregorian, Richard L.
Love, Mary O. Mundinger, Phillip N. Nudelman, Frederick W. Telling
and Reed V. Tuckson, holds an outstanding award under the program.
These awards are scheduled to expire on Dec. 31, 2015, to the
extent the related performance goals have not been attained.

On Jan. 30, 2014, the Compensation Committee of the Board of
Directors of the Company approved, for the awards held by each of
the executive officers, an extension of the performance period by
one year to Dec. 31, 2016, and the addition of the "Tosedostat
Phase III" and "Tosedostat Approval" goals, and the Board of
Directors approved similar changes for the awards held by the Non-
Employee Directors.

The Performance Goals are as follows:

   (a) completion of a Phase III trial for Tosedostat that
       satisfies the primary endpoint set forth in the statistical
       plan then in effect on or before Dec. 31, 2016;

   (b) approval of a new drug application or a marketing
       authorization application for Tosedostat on or before
       Dec. 31, 2016;

   (c) completion of a Phase III trial for Pacritinib that
       satisfies the primary endpoint set forth in the statistical
       plan then in effect on or before Dec. 31, 2016;

   (d) approval of a new drug application or a marketing
       authorization application for Pacritinib on or before
       Dec. 31, 2016;

   (e) approval of a new drug application for Opaxio on or before
       Dec. 31, 2016;

   (f) achievement of fiscal year sales equal to or greater than
       $50,000,000 with respect to any fiscal year beginning on or
       after Jan. 1, 2012, and ending on or before Dec. 31, 2016;

   (g) achievement of fiscal year sales equal to or greater than
       $100,000,000 with respect to any fiscal year beginning on
       or after Jan. 1, 2012, and ending on or before Dec. 31,
       2016;

   (h) achievement of cash flow break even for any two consecutive
       fiscal quarters beginning on or after Jan. 1, 2012, and
       ending on or before Dec. 31, 2016;

   (i) achievement of earnings per share in any fiscal year
       beginning on or after Jan. 1, 2012, and ending on or before
       Dec. 31, 2016, equal to or greater than $0.30 per share of
       Common Stock; and

   (j) achievement of a market capitalization of $1 billion or
       greater at any time during the period beginning on Jan. 1,
       2012, and ending on Dec. 31, 2016, based on the average of
       the closing prices of the Common Stock over a period of
       five consecutive trading days during that period.

On Jan. 30, 2014, the Compensation Committee approved awards of
restricted stock to each of the Company's named executive officers
as follows:

   Dr. James Bianco - 1,313,997 shares;
   Mr. Louis Bianco - 394,199 shares;
   Dr. Jack W. Singer - 394,199 shares; and
   Dr. Matthew Plunkett - 394,199 shares.

Each of these awards was effective on the date of grant and will
vest in three equal instalments on each of March 21, 2014,
Sept. 21, 2014, and March 21, 2015, subject to the executive's
continued employment with the Company through the applicable
vesting date.  On Jan. 30, 2014, the Company's Board of Directors
approved an award of 219,000 shares to Dr. Phillip Nudelman and
awards of 146,000 shares to each of the other Non-Employee
Directors.  Each of these awards to the Non-Employee Directors was
fully vested on the date of grant.

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

                       http://is.gd/IyhroH

                      About Cell Therapeutics

Headquartered in Seattle, Washington, Cell Therapeutics, Inc.
(NASDAQ and MTA: CTIC) -- http://www.CellTherapeutics.com/-- is
a biopharmaceutical company committed to developing an integrated
portfolio of oncology products aimed at making cancer more
treatable.

The Company's balance sheet at Sept. 30, 2013, showed
$47.23 million in total assets, $33.39 million in total
liabilities, $13.46 million in common stock purchase warrants, and
$387,000 in total shareholders' equity.

                           Going Concern

The Company's independent registered public accounting firm
included an explanatory paragraph in its reports on the Company's
consolidated financial statements for each of the years ended
Dec. 31, 2007, through Dec. 31, 2011, regarding their substantial
doubt as to the Company's ability to continue as a going concern.
Although the Company's independent registered public accounting
firm removed this going concern explanatory paragraph in its
report on the Company's Dec. 31, 2012, consolidated financial
statements, the Company expects to continue to need to raise
additional financing to fund its operations and satisfy
obligations as they become due.

"The inclusion of a going concern explanatory paragraph in future
years may negatively impact the trading price of our common stock
and make it more difficult, time consuming or expensive to obtain
necessary financing, and we cannot guarantee that we will not
receive such an explanatory paragraph in the future," the Company
said in its quarterly report for the period ended Sept. 30, 2013.

The Company added that it may not be able to maintain its listings
on The NASDAQ Capital Market and the Mercato Telematico Azionario
stock market in Italy, or the MTA, or trading on these exchanges
may otherwise be halted or suspended, which may make it more
difficult for investors to sell shares of the Company's common
stock.

                         Bankruptcy Warning

"We have acquired or licensed intellectual property from third
parties, including patent applications relating to intellectual
property for pacritinib, PIXUVRI, tosedostat, and brostallicin.
We have also licensed the intellectual property for our drug
delivery technology relating to Opaxio which uses polymers that
are linked to drugs, known as polymer-drug conjugates.  Some of
our product development programs depend on our ability to maintain
rights under these licenses.  Each licensor has the power to
terminate its agreement with us if we fail to meet our obligations
under these licenses.  We may not be able to meet our obligations
under these licenses.  If we default under any license agreement,
we may lose our right to market and sell any products based on the
licensed technology and may be forced to cease operations,
liquidate our assets and possibly seek bankruptcy protection.
Bankruptcy may result in the termination of agreements pursuant to
which we license certain intellectual property rights," the
Company said in its Form 10-Q for the period ended Sept. 30, 2013.


DESERT COMMUNICATIONS: Voluntary Chapter 11 Case Summary
--------------------------------------------------------
Debtor: Desert Communications, Inc.
        7100 Westwind, Suite 300
        El Paso, TX 79912

Case No.: 14-30152

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       Western District of Texas (El Paso)

Judge: Christopher Mott

Debtor's Counsel: Wiley France James, III, Esq.
                  JAMES & HAUGLAND, P.C.
                  609 Montana Ave.
                  El Paso, TX 79902
                  Tel: (915) 532-3911
                  Fax: (915) 541-6440
                  Email: wjames@jghpc.com

                     - and -

                  Corey W. Haugland, Esq.
                  JAMES & HAUGLAND, P.C.
                  609 Montana Ave.
                  El Paso, TX 79902
                  Tel: (915) 532-3911
                  Fax: (915) 541-6440

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

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


DETROIT, MI: Emergency Manager Presents Plan of Adjustment
----------------------------------------------------------
Kevyn Orr, the Emergency Manager for the City of Detroit on
Jan. 29 presented to the City's creditors who are participating in
the mediation conducted by Chief Judge Gerald E. Rosen, on a
confidential basis, a Proposed Plan of Adjustment.  The Plan
outlines the treatment each class of creditors would receive for
their claims in Detroit's restructuring under Chapter 9 of the
U.S. Bankruptcy Code.  The City currently intends to file the
Plan, which may be further modified, in approximately two weeks
with the United States Bankruptcy Court for the Eastern District
of Michigan.

Mr. Orr and his team believe the Plan offers the most effective
and efficient way for Detroit to resolve its numerous issues,
revitalize itself and continue with its efforts to once again
become an attractive place in which to live, work and invest.  The
Plan distributed to creditors participating in the court-ordered
mediation reflects some of the discussions the City and its
creditors have held to date and offers a good platform for those
discussions moving forward.

Mr. Orr and his advisers have been negotiating closely with all
classes of creditors to pursue consensual agreements, with the
goal of securing the long-term viability of Detroit and its
700,000 residents, while maximizing recoveries for the City's
creditors in a reasonable and equitable fashion.  The negotiations
and the federal mediation process have been progressing well, as
evidenced by the City's entry into a five-year contract with the
City's EMS union.  Also, the City is gratified by the tremendous
efforts of the mediators in generating the proposed financial
support by the State of Michigan and several philanthropic
organizations that will help support the City's public employee
pension funds and help resolve issues surrounding the Detroit
Institute of Arts.  Additional recent accomplishments in the
restructuring process include an agreement to transfer the
long-challenged City electrical grid to DTE Energy, and the
beginning of blight removal and restoration of public lighting.

"Our focus has been to help Detroit regain a strong economic
footing," said Mr. Orr.  "There is much work still to do and we
believe the proposed Plan provides the roadmap for all parties to
resolve all outstanding issues and facilitate the City's efforts
to achieve long-term financial health.

"While this process is not an easy one, I appreciate the concerns
people in the Detroit metro area are facing as a result of the
City's problems.  Time is of the essence -- the longer we remain
entrenched in our positions and fail to reach an agreement, the
worse life gets for Detroit's 700,000 residents and the greater
our collective challenges become.  We need to move quickly and
efficiently.  My team and I believe this Plan presents each
interested party with fair and equitable treatment, and we look
forward to working with our creditors to adopt this Plan and put
Detroit back on the path to stability and success."

The City's website also contains information and links relating to
the chapter 9 case.  Bankruptcy Court filings are available
online, free of charge, at http://kccllc.net/Detroit

Miller Buckfire & Co., Jones Day, Ernst & Young LLP and Conway
MacKenzie Inc. are advising the City of Detroit on its
restructuring.

                 About City of Detroit, Michigan

The City of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit listed
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

The Hon. Steven Rhodes oversees the bankruptcy case.  Detroit is
represented by David G. Heiman, Esq., and Heather Lennox, Esq., at
Jones Day, in Cleveland, Ohio; Bruce Bennett, Esq., at Jones Day,
in Los Angeles, California; and Jonathan S. Green, Esq., and
Stephen S. LaPlante, Esq., at Miller Canfield Paddock and Stone
PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.

Daniel M. McDermott, U.S. Trustee for Region 9, on Dec. 23, 2013,
appointed five creditors to serve on the Official Committee of
Unsecured Creditors.


DETROIT, MI: Sues to Cancel Some Costly Contracts
-------------------------------------------------
Mary Williams Walsh, writing for The New York Times' DealBook,
reported that Detroit filed suit on Jan. 31 to invalidate some
complex transactions it used to finance its pensions, contending
they were illegal from the very beginning.

According to the report, in a complaint filed in United States
bankruptcy court, the city argues that deals with special entities
set up in 2005 and 2006, which raised $1.4 billion, were aimed
only at circumventing a ceiling on the amount of debt it could
take on. It is seeking a ruling that it has no obligation to make
payments on the so-called certificates of participation issued to
raise the money.

In a stunning turnaround, Detroit is also seeking to cancel some
costly long-term contracts that were part of the deal, leaving two
large banks, Bank of America and UBS, empty-handed just weeks
after offering to pay them $165 million to get out of them, the
report related.  If a judge agrees, Detroit could be freed from
having to honor the contracts, known as interest-rate swaps, which
require it to pay tens of millions of dollars a year to the two
banks.

Detroit's lawsuit came two weeks after its bankruptcy judge,
Steven Rhodes, rejected the $165 million proposal as "too much
money" and sent the city back to negotiate less costly terms, the
report said.  He also suggested that the city could bring suit
contesting the legality of the transactions.

Rather than proposing to pay a smaller amount to terminate the
swaps, Detroit is seeking a court ruling that they were illegal
from the outset, the report further related.  It says that in 2005
it was in no position to borrow, having exhausted its capacity to
issue debt under state law. It argues that the two banks led a
team that created sham corporations and made it look as if those
corporations, and not Detroit, had issued the debt.

                  About City of Detroit, Michigan

The City of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit listed
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

The Hon. Steven Rhodes oversees the bankruptcy case.  Detroit is
represented by David G. Heiman, Esq., and Heather Lennox, Esq., at
Jones Day, in Cleveland, Ohio; Bruce Bennett, Esq., at Jones Day,
in Los Angeles, California; and Jonathan S. Green, Esq., and
Stephen S. LaPlante, Esq., at Miller Canfield Paddock and Stone
PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.

Daniel M. McDermott, U.S. Trustee for Region 9, on Dec. 23, 2013,
appointed five creditors to serve on the Official Committee of
Unsecured Creditors.


DETROIT, MI: Court Rejects Bid for Assessment of Art Collection
---------------------------------------------------------------
Judge Steven W. Rhodes of the U.S. Bankruptcy Court for the
Eastern District of Michigan, Southern Division, denied the motion
for the Court to appoint and direct the City of Detroit to
cooperate with a committee of creditors and interested persons to
assess the art collection of the Detroit Institute of Arts based
on arms-length market transactions to establish a benchmark
valuation.

The motion, which was filed by a group of creditors, asserted that
the "best interests of creditors" requirement dictates that the
City must demonstrate that its plan maximizes the value of the Art
to enhance creditor recoveries.  The only way to prove this,
according to the creditors, is to provide an assessment of the Art
based on arms-length market transactions, against which creditors
and the Court can compare the City's plan's proposed treatment of
the Art.

The creditors group consists of Financial Guaranty Insurance
Company, Syncora Guarantee Inc. and Syncora Capital Assurance
Inc., FMS-WM Service, solely in its capacity as servicer for FMS
Wertmanagement, Ambac Assurance Corporation, Hypothekenbank
Frankfurt AG, Hypothekenbank Frankfurt International S.A., and
Erste Europaische Pfandbrief- und Kommunalkreditbank
Aktiengesellschaft in Luxemburg S.A., Michigan Council 25 of the
American Federation of State, County and Municipal Employees, AFL-
CIO and Sub-Chapter 98, City of Detroit Retirees, Wilmington Trust
Company, National Association, as Successor Trustee and Successor
Contract Administrator, Dexia Credit Local, Dexia Holdings, Inc.,
and NORD/LB Covered Finance Bank S.A.

Attorneys for Financial Guaranty Insurance Company are Ernest J.
Essad Jr., Esq. -- EJEssad@wwrplaw.com -- and Mark R. James, Esq.
-- mrjames@wwrplaw.com -- at Williams, Williams, Rattner &
Plunkett, P.C., in Birmingham, Michigan; and Alfredo R. Perez,
Esq. -- alfredo.perez@weil.com -- at WEIL, GOTSHAL & MANGES LLP,
in Houston, Texas.

Attorneys for Syncora Capital Assurance Inc. and Syncora Guarantee
Inc. are James H.M. Sprayregen, P.C., Esq., Ryan Blaine Bennett,
Esq., and Stephen C. Hackney, Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois; and Stephen M. Gross, Esq., David A. Agay,
Esq., and Joshua Gadharf, Esq., at McDonald Hopkins PLC, in
Bloomfield Hills, Michigan.

Attorneys for FMS Wertmanagement are Rick L. Frimmer, Esq. --
rfrimmer@schiffhardin.com -- Karen V. Newbury, Esq. --
knewbury@schiffhardin.com -- and Michael W. Ott, Esq. --
mott@schiffhardin.com -- at Schiff Hardin, LLP, in Chicago,
Illinois.

Counsel for Ambac Assurance Corporation are Carol Connor Cohen,
Esq. -- Carol.Cohen@arentfox.com -- Caroline Turner English, Esq.,
at Arent Fox LLP, in Washington, D.C.; David L. Dubrow, Esq. --
david.dubrow@arentfox.com -- and Mark A. Angelov, Esq. --
mark.angelov@arentfox.com -- at Arent Fox LLP, in New York; and
Daniel J. Weiner, Esq. -- bbest@schaferandweiner.com -- and
Brendan G. Best, Esq., at Schafer And Weiner, PLLC, in Bloomfield
Hills, Michigan.

Attorneys for Hypothekenbank Frankfurt AG, Hypothekenbank
Frankfurt International S.A., Erste Europaische Pfandbrief- und
Kommunalkreditbank Aktiengesellschaft in Luxemburg S.A., are
Howard S. Sher, Esq. -- howard@jacobweingarten.com -- at Jacob &
Weingarten, P.C., in Troy, Michigan; Vincent J. Marriott, III,
Esq. -- marriott@ballardspahr.com -- at Ballard Spahr LLP, in
Philadelphia, Pennsylvania; and Matthew G. Summers, Esq. --
summersm@ballardspahr.com -- at Ballard Spahr LLP, in Wilmington,
Delaware.

Counsel to Michigan Council 25 of the American Federation of
State, County and Municipal Employees (AFSCME), AFL-CIO and Sub-
Chapter 98, City of Detroit Retirees, are Sharon L. Levine, Esq. -
- slevine@lowenstein.com -- and Philip J. Gross, Esq. --
pgross@lowenstein.com -- at Lowenstein Sandler LLP, in Roseland,
New Jersey; Herbert A. Sanders, Esq. -- hsanders@miafscme.org --
at The Sanders Law Firm PC, in Detroit, Michigan; and Richard G.
Mack, Jr., Esq., at Miller Cohen, P.L.C., in Detroit, Michigan.

Counsel for Wilmington Trust Company, National Association, as
Successor Trustee and Successor Contract Administrator are Kristin
K. Going, Esq., and Heath D. Rosenblat, Esq. --
Heath.Rosenblat@dbr.com -- at Drinker Biddle & Reath LLP, in New
York.

Counsel to Dexia Credit Local, Dexia Holdings, Inc., and NORD/LB
Covered Finance Bank S.A., are Deborah L. Fish, Esq., ALLARD &
FISH, P.C., in Detroit, Michigan; and Thomas Moers Mayer, Esq.,
and Jonathan M. Wagner, Esq., at Kramer Levin Naftalis & Frankel
LLP, in New York.

                  About City of Detroit, Michigan

The City of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit listed
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

The Hon. Steven Rhodes oversees the bankruptcy case.  Detroit is
represented by David G. Heiman, Esq., and Heather Lennox, Esq., at
Jones Day, in Cleveland, Ohio; Bruce Bennett, Esq., at Jones Day,
in Los Angeles, California; and Jonathan S. Green, Esq., and
Stephen S. LaPlante, Esq., at Miller Canfield Paddock and Stone
PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.

Daniel M. McDermott, U.S. Trustee for Region 9, on Dec. 23, 2013,
appointed five creditors to serve on the Official Committee of
Unsecured Creditors.


DETROIT, MI: Plan Is Said to Split Creditors Into 2 Groups
----------------------------------------------------------
Mary Williams Walsh and Michael J. de la Merced, writing for The
New York Times' DealBook, reported that Detroit is preparing to
resolve its bankruptcy case by splitting its unsecured creditors
into two groups and treating them differently, according to people
briefed on the city's plan.

According to the report, one group, composed of retired city
workers, would get cash for their claims, while others, holders
and insurers of certain city debts, would get a series of notes of
uncertain but lesser value. One person, who asked not to be
identified because of a confidentiality order, called the plan
"massively discriminatory."

It is a fundamental principle of United States bankruptcy law that
similarly situated creditors are treated equitably, the report
related.  In Detroit's bankruptcy case, both the pensioners and
the general obligation bondholders are eager to avoid a court
precedent where one group would be privileged above another.

Some creditors view the city's proposal, presented in sometimes
tense meetings with a mediator, as a blunt negotiating tool meant
to cudgel them into accepting unfavorable terms, one of the people
briefed on it said, the report further related.

The city is expected to file a plan with the bankruptcy court by
Feb. 17. After that, creditors will file any objections, the
report said.  Detroit's bankruptcy judge, Steven Rhodes, must
eventually decide whether the plan is fair and equitable.

                  About City of Detroit, Michigan

The City of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit listed
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

The Hon. Steven Rhodes oversees the bankruptcy case.  Detroit is
represented by David G. Heiman, Esq., and Heather Lennox, Esq., at
Jones Day, in Cleveland, Ohio; Bruce Bennett, Esq., at Jones Day,
in Los Angeles, California; and Jonathan S. Green, Esq., and
Stephen S. LaPlante, Esq., at Miller Canfield Paddock and Stone
PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.

Daniel M. McDermott, U.S. Trustee for Region 9, on Dec. 23, 2013,
appointed five creditors to serve on the Official Committee of
Unsecured Creditors.


DIAMOND FOODS: Moody's Assigns B3 CFR & Rates $415MM Sec. Loan B2
-----------------------------------------------------------------
Moody's Investors Service assigned a first time Corporate Family
Rating (CFR) and Probability of Default Rating (PDR) of B3 and B3-
PD, respectively, to Diamond Foods, Inc. (Diamond). Moody's also
assigned a B2 (LGD 3, 42%) rating to its proposed $415 million
senior secured term loan, a Caa2 (LGD 5, 86%) rating to its
proposed $230 million senior unsecured notes , and an SGL-2
Speculative Grade Liquidity Rating. The outlook is stable.
Proceeds from the issuance will be used to refinance existing
debt.

Ratings Rationale

Diamond's B3 CFR reflects its high financial leverage, narrow
margins, recently declining sales due to a loss of suppliers in
its nuts business and change in promotional policy on Kettle
Brand, and its exposure to commodity risk. It also reflects recent
walnut shortages, and its relatively small scale compared to other
market-leading branded snack food companies. Furthermore, ratings
reflect the challenges facing some of its categories, including
popcorn, which has experienced declining consumption. Diamond's
weaknesses are partially offset by its attractive snack
categories, solid portfolio of snack brands -- including Kettle
Brand and Pop Secret -- modest geographic diversification outside
of the US, including a solid presence in the UK, and good
liquidity. Moody's believes that Diamond's problems relating to
its previous accounting treatment of grower payments are mostly
behind the company. Diamond recently settled a related shareholder
lawsuit for $96 million with only a $11 million cash outlay ($10
million of which was paid by insurance) and settled its litigation
with the SEC for $5 million, eliminating uncertainty around these
issues. However the company still needs to demonstrate that it can
regain growth momentum across its businesses.

Diamond's SGL-2 speculative grade liquidity rating reflects its
good liquidity. The company's internal cash flow over the next
year is likely sufficient to meet all basic cash needs, including
working capital spending, term loan amortization and capital
expenditures. However, Moody's notes that the quarter ending
October 31st generally requires a large cash outflow for working
capital buildup due to walnut supplier payments. The company's
maintenance capital spending needs are limited and it has no near
term debt maturities other than term loan amortization. Diamond's
new facilities include a $125 million ABL revolving credit
facility (unrated) and Moody's expects that Diamond will generally
draw down $50 to $70 million in its first quarter (ending in
October) every year due to seasonal working capital needs.
Diamond's capital structure is covenant-lite and its ABL facility
only includes a springing 1.0 times interest coverage ratio
maintenance covenant if availability falls below 10% of the ABL
commitment, which Moody's expects to be unlikely.

The stable outlook reflects Moody's expectation that Diamond will
stabilize its business over the next twelve-to-eighteen months.
While leverage is high initially, the company's positive operating
cash flow should allow for leverage reduction over time. A return
to growth could accelerate leverage reduction, which would be
positive for the rating.

An upgrade could occur if EBIT margins remain at least in the high
single digits, debt to EBITDA is maintained below six times, free
cash flow is positive and there is evidence of sustained operating
performance stabilization.

A downgrade is unlikely in the near future but could occur if
operating margins decline, leverage increases, EBIT to interest is
below one times or liquidity weakens. Any debt-financed dividend
or acquisition could also result in a downgrade.

The following ratings were assigned:

Corporate Family Rating at B3

Probability of Default at B3-PD

Senior Secured Term Loan at B2 (LGD 3, 42%)

Senior Unsecured Notes at Caa2 (LGD 5, 86%)

Speculative Grade Liquidity Rating at SGL-2

The principal methodology used in this rating was the Global
Packaged Goods published in June 2013. Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.

Headquartered in San Francisco, California, Diamond Foods, Inc. is
a packaged food company specializing in processing, marketing and
distributing snack products and culinary, in-shell and ingredient
nuts. Diamond has four distinct brands in two segments (snacks and
nuts). including Diamond of California nuts, Kettle Brand potato
chips, Pop-Secret popcorn and Emerald nuts. Net sales were $864
million for the fiscal year ended 7/31/2013.


EAU TECHNOLOGIES: Board Chairman Leo Montgomery Resigns
-------------------------------------------------------
Leo Montgomery, the non-executive Chairman of the Board of
Directors of EAU Technologies, Inc., informed the Company on
Dec. 17, 2013, that he is resigning as a director effective
immediately.  At the time of his resignation, Mr. Montgomery was
also serving as Chairman of the Company's audit committee and on
the compensation committee.

EAU did not have any disagreement with Mr. Montgomery.  The
Company expressed its appreciation to Mr. Montgomery for his many
years of service on the board.

                       About EAU Technologies

Kennesaw, Ga.-base EAU Technologies, Inc., is in the business of
developing, manufacturing and marketing equipment that uses water
electrolysis to create non-toxic cleaning and disinfecting fluids
for food safety applications as well as dairy drinking water.

EAU Technologies reported a net loss of $2.03 million for the year
ended Dec. 31, 2012, as compared with a net loss of $3.04 million
during the prior year.

The Company's balance sheet at Sept. 30, 2013, showed $1.18
million in total assets, $8.49 million in total liabilities and a
$7.31 million total stockholders' deficit.

HJ & Associates, LLC, 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 Company has a working capital deficit, a deficit in
stockholders' equity and has sustained recurring losses from
operations which raise substantial doubt about the Company's
ability to continue as a going concern.


EMORAL INC: Buyer of Assets Not Liable for PI Claims
----------------------------------------------------
A three-judge panel from the U.S. Court of Appeals for the Third
Circuit composed of Judge Julio M. Fuentes, Judge Robert E. Cowen,
and Judge Maryanne Trump Barry on Jan. 24, 2014, affirmed a
decision of a district court holding that personal injury causes
of action arising from the alleged wrongful conduct of a debtor
corporation, asserted against a third-party non-debtor corporation
on a "mere continuation" theory of successor liability under state
law, are properly characterized as "generalized claims"
constituting property of the bankruptcy estate.

In August of 2010, Aaroma Holdings LLC purchased certain assets
and assumed certain liabilities of Emoral, Inc., a manufacturer of
diacetyl, a chemical used in the food flavoring industry.  The
Asset Purchase Agreement specifically provided that Aaroma was not
assuming Emoral's liabilities related to the "Diacetyl
Litigation," and that it was not purchasing Emoral's corresponding
insurance coverage.

When Emoral filed for bankruptcy protection in June of 2011,
disputes arose between the bankruptcy trustee and Aaroma,
including, for example, the Trustee's claim that Emoral's sale of
assets of Aaroma constituted a fraudulent transfer.  On Sept. 21,
2011, the Trustee and Aaroma entered into a settlement agreement
resolving the claims.  As part of the agreement, Aaroma agreed to
pay $500,000 and take certain specific actions, and the Trustee
agreed to release Aaroma from any "causes of action . . . that are
property of the Debtor's Estate" as of the date of the agreement.

At a hearing before the Bankruptcy Court regarding approval of the
settlement, the Diacetyl Plaintiffs objected to the releases
contained in the agreement to the extent that those releases might
bar them from bringing claims against Aaroma, as a successor to
Emoral, for personal injuries related to diacetyl.  A
representative for the Trustee stated its view that the Diacetyl
Plaintiffs' successor liability claims against Aaroma "do[] not
belong to the Estate" and that the Trustee, therefore, "can't
release [them]."

The appeal is Diacetyl Plaintiffs (In re EMORAL, Inc.), No. 13-
1467 (3rd Cir.).  A full-text copy of the Decision penned by Judge
Barry is available at http://bankrupt.com/misc/3rdCir131467.pdf

Nancy Isaacson, Esq. -- nisaacson@greenbaumlaw.com -- at
Greenbaum, Rowe, Smith & Davis, in Roseland, New Jersey; and
Kenneth B. McClain, Esq., at Humphrey, Farrington & McClain, at
221 West Lexingtonm P.O. Box 900, Suite 400, in Independence,
Missouri, Counsel for Appellants.

Christopher Landau, Esq. -- christopher.landau@kirkland.com -- and
Liam P. Hardy, Esq. -- liam.hardy@kirkland.com -- at Kirkland &
Ellis, in Washington, D.C.; and Paul Basta, Esq. --
paul.basta@kirkland.com -- at Kirkland & Ellis, in New York,
Counsel for Appellee.


EXIDE TECHNOLOGIES: Creditors Tap "Secret" Economic Consultant
--------------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
Chapter 11 case of Exide Technologies seeks authority from the
U.S. Bankruptcy Court for the District of Delaware to retain a
firm to provide economic consulting services.

Specifically, the firm will assist the Committee's counsel in its
investigation of potential causes of action that the Debtors'
estate may hold relating to potential price manipulation,
including but not limited to price-fixing and price stabilization
in the lead market by, among others, the London Market Exchange,
Ltd. and large metal warehousing companies, and to assess the
damages that the Debtor may have suffered as a result.

The Committee also seeks authority not to reveal the identity of
the consulting firm, as well as the details of the services to be
performed by the firm as disclosure of such may require the
disclosure of privileged information or confidential litigation
strategy.

The firm will be paid $575 to $1,000 for partners, $450 to $600
for principals, $400 to $500 for managers, $350 to $600 for senior
economists, $340 to $400 for senior consultants, $325 to $375 for
economists, $300 to $350 for consultant II, $280 for consultant I,
$200 to $275 for project coordinators, $175 to $200 for project
assistants, and $175 for research assistants.  The firm will also
be reimbursed for any necessary out-of-pocket expenses.

The firm assures the Court that it 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.

A hearing on the retention application is set for Feb. 20, 2014,
at 2:00 p.m. (ET).  Objections are due Feb. 10.

The Committee is represented by Robert J. Dehney, Esq., Eric D.
Schwartz, Esq., Erin R. Fay, Esq., and Justin Kirk Houser, Esq.,
at Morris, Nichols, Arsht & Tunnell LLP, in Wilmington, Delaware;
and Kenneth A. Rosen, Esq., Sharon L. Levine, Esq., and Gerald C.
Bender, Esq., at Lowenstein Sandler LLP, in Roseland, New Jersey.

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

When it filed for bankruptcy, the Debtor disclosed $1.89 billion
in assets and $1.14 billion in liabilities as of March 31, 2013.
In its formal schedules filed with the Court in August 2013, Exide
listed $1,704,327,521 (plus undetermined amounts) in total assets;
and $988,700,577 (plus undetermined amounts) in total liabilities.

For the 2013 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 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.


FPL ENERGY: S&P Affirms 'BB' Rating on $380MM Secured Bonds
-----------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BB'
rating on FPL Energy American Wind LLC's (American Wind)
$380 million senior secured bonds due 2023 ($108.1 million
outstanding as of Dec. 31, 2013).  At the same time, S&P revised
the rating outlook to stable from negative.  The '1' recovery
rating on American Wind's senior secured notes remains '1',
indicating S&P's expectation of a very high (90% to 100%) recovery
if a default occurs.

S&P revised the outlook on American Wind to stable because it
believes that the relatively stabilized O&M expense and the debt's
steady amortization profile will result in the company achieving a
stable debt service coverage averaging at or above its
distribution test of 1.3x through maturity.

S&P's base case scenario is unchanged from last year.  American
Wind has all of its reserves intact and S&P considers the 12-month
reserves sufficient to maintain the rating.

The stable outlook on the American Wind rating reflects S&P's view
of the project's plateauing O&M costs and stable debt service
profile through maturity.  S&P could lower the rating if poor wind
resource levels or increased operating costs lead to the project
drawing on its reserves during low coverage years or if the
coverage declines to less than 1.1x.  S&P could consider raising
the rating if the wind resource record improves to an average
closer to the pro forma projection and S&P comes to believe that
coverage will increase to about 1.4x through maturity.


FPL ENERGY: S&P Affirms 'B-' Rating on $125MM Senior Secured Bonds
------------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B-'
rating on FPL Energy Wind Funding LLC's $125 million senior
secured bonds due 2017 ($15.8 million outstanding as of Dec. 31,
2013).  At the same time, S&P revised the rating outlook to stable
from negative.  The recovery rating on Wind Funding's senior
secured notes remains '2', indicating S&P's expectation of a
substantial (70% to 90%) recovery if a default occurs.

S&P revised the outlook on Wind Funding to stable because it
believes that the relatively stabilized O&M expense at the
operating company, FPL Energy American Wind LLC (American Wind)
and the debt's steady amortization profile will result in the
company achieving a stable consolidated debt service coverage
averaging about 1.11x through maturity.

S&P's base case scenario is unchanged from last year.  Wind
Funding has an intact 12-month reserve backed by a highly rated
guarantor sufficient to maintain the rating.  It also has a
substantial amount of restricted cash at hand enough to cover one
annual debt service payment.

The stable outlook on the Wind Funding rating reflects S&P's view
of the operating company American Wind's ability to continue to
make distributions through maturity.  S&P could lower the rating
if the project does not receive distributions due to lower-than-
expected wind resource, increased operating costs or unexpected
turbine issues occur leading to consolidated coverages declining
to less than 1x.  S&P could consider raising the rating if the
wind resource record improves to an average closer to the pro
forma projection and S&P comes to believe that coverage will
increase to about 1.2x through maturity.


FREEDOM INDUSTRIES: Reaches Consent With W.Va. Agency on Cleanup
----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Freedom Industries Inc., the chemical company whose
leaky storage tank polluted the Elk River, reached a consent
agreement with West Virginia's Department of Environmental
Protection to remove materials from tanks at its Charleston plant.

According to the report, on Jan. 9, West Virginia officials
discovered the leak from a tank of 4-methylcyclohexane methanol, a
chemical used in coal processing, which compromised the water for
about 300,000 people and sent more than 100 to the hospital.

The company and the state agency "have agreed to a consent order
to remove all materials from above ground storage tanks from its
facility located in Charleston" and decommission the facility,
Freedom Industries said in court papers filed Jan. 25, the report
related.

The company will be allowed to operate the facility and sell the
materials during the process, the report added.

                    About Freedom Industries

Freedom Industries Inc., the company connected to a chemical spill
that tainted the water supply in West Virginia, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. W.Va. Case
No. 14-bk-20017) on Jan. 17, 2014.  The case is assigned to Judge
Ronald G. Pearson.

The Debtor is represented by Mark E Freedlander, Esq., at McGuire
Woods LLP, in Pittsburgh, Pennsylvania; and Stephen L. Thompson,
Esq., at Barth & Thompson, in Charleston, West Virginia.

The Debtor estimated assets and debt of $1 million to $10 million.

The petition was signed by Gary Southern, president.


GEL LLC: Foreclosure Sale Set for March 7
-----------------------------------------
In the case, NYCTL 2012-A TRUST AND THE BANK OF NEW YORK MELLON,
AS COLLATERAL AGENT AND CUSTODIAN FOR NYCTL 2012-A TRUST, Pltf.
vs. GEL, LLC, et al, Defts. Index #5670/2013, pending before the
Supreme Court of Queens County, a judgment of foreclosure and sale
was issued Jan. 2, 2014.  Pursuant to the Judgment, Godfrey H.
Murrain, as referee, will sell at public auction in Court room #25
on March 7, 2014 at 10:00 a.m. at the Queens County General
Courthouse, 88-11 Sutphin Blvd., Jamaica, NY, the premises known
as Block 838, Lot 4.

The plaintiff is represented by Levy & Levy at 12 Tulip Dr., Great
Neck, NY.


GENIUS BRANDS: Files Financial Statements of A Squared
------------------------------------------------------
Genius Brands International, Inc., amended its current report on
Form 8-K originally filed with the U.S. Securities and Exchange
Commission on Nov. 20, 2013, to include copies of:

   (a) A Squared Holdings, LLC, consolidated financial statements
       for the years ending Dec. 31, 2012, and Dec. 31, 2011,
       which is available for free at http://is.gd/4867pH

   (b) A Squared Entertainment, LLC, financial statements
      (unaudited) or the nine months ending Sept. 30, 2013, and
       2012 which is available for free at http://is.gd/IT3Ck9

   (c) Unaudited pro forma condensed combined financial statements
       which is available for free at http://is.gd/HH4Tdg

On Nov. 15, 2013, Genius Brands entered into an Agreement and Plan
of Reorganization with A Squared Entertainment LLC, A Squared
Holdings LLC, sole member of A Squared and A2E Acquisition LLC,
Genius Brands' newly formed, wholly-owned subsidiary
("Acquisition Sub").  Upon closing of the transactions
contemplated under the Merger Agreement, which occurred
concurrently with entering into the Merger Agreement, the
Company's Acquisition Sub merged with and into A Squared, and A
Squared, as the surviving entity, became a wholly-owned subsidiary
of the Company.  As a result of the Merger, the Company acquired
the business and operations of A Squared.

A Squared is a children's entertainment production company that
produces original content for children and families that provide
entertaining and educational media experiences.  A Squared also
creates comprehensive consumer product programs in the forms of
toys, books and electronics.  A Squared works with broadcasters,
digital and online distributors and retailers worldwide as well as
major toy companies, video game companies and top licensees in the
kids and family arena.

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

                        http://is.gd/9NQfrp

                         About Genius Brands

San Diego, Calif.-based Genius Brands International, Inc., creates
and distributes music-based products which it believes are
entertaining, educational and beneficial to the well-being of
infants and young children under its brands, including Baby Genius
and Little Genius.

Genius Brands incurred a net loss of $2.06 million in 2012
following a net loss of $1.37 million in 2011.  As of Sept. 30,
2013, the Company had $1.55 million in total assets, $4.96 million
in total liabilities and a $3.41 million total stockholders'
deficit.


GETTY IMAGES: Bank Debt Trades at 6% Off
----------------------------------------
Participations in a syndicated loan under which Getty Images Inc.
is a borrower traded in the secondary market at 94.15 cents-on-
the-dollar during the week ended Friday, Jan. 31, 2014, according
to data compiled by LSTA/Thomson Reuters MTM Pricing and reported
in The Wall Street Journal.  This represents a decrease of 0.62
percentage points from the previous week, The Journal relates.
Getty Images Inc. pays 350 basis points above LIBOR to borrow
under the facility.  The bank loan matures on Oct. 14, 2019, and
carries Moody's B2 rating and Standard & Poor's B- rating.  The
loan is one of the biggest gainers and losers among 205 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.


GLOBAL EVENTS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Global Events Partners, Inc.
           dba GEP Baltimore
           dba GEP Washington
           dba GEP-DMC
           dba GEP South Florida
           dba GEP
           dba GEP Utah
           dba Atlanta
           dba GEP Philadelphia
           dba GEP Bahamas
           dba GEP Destination Management
        P. O. Box 5079
        Walnut Creek, CA 94596

Case No.: 14-50395

Chapter 11 Petition Date: January 31, 2014

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

Judge: Hon. Stephen L. Johnson

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

                       - and -

                  Julie H. Rome-Banks, Esq.
                  LAW OFFICES OF BINDER AND MALTER, LLP
                  2775 Park Ave.
                  Santa Clara, CA 95050
                  Tel: (408) 295-1700
                  Email: julie@bindermalter.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christopher White, CEO, president &
Board Member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb14-50395.pdf


GREAT PLAINS: Ohio Agencies, 1st Source Bank Dispute Plan Outline
-----------------------------------------------------------------
Objections were lodged last month to the disclosure statement
explaining Great Plains Exploration LLC's Third Amended Chapter 11
Plan of Reorganization and to the Third Amended Chapter 11 Plan
itself.

                    Summary of 3rd Amended Plan

Great Plains filed the third iteration of its bankruptcy exit plan
Dec. 2, 2013.  Pursuant to the Plan, Great Plains intends to
pursue a private sale of its assets after which it will engage in
new business ventures alone or in combination with other entities
related to Richard M. Osborne, its 100% owner.  Great Plains
expects to be substantially debt-free and out of bankruptcy.

The Plan groups Priority Claims in Class 1.  According to the
Plan, the Priority Claims will receive payment in full upon the
latter of (a) the Effective Date or (b) five Business Days from
the date on which such claim is allowed.

Class 2 consists of the Secured Claims of lender RBS.  The Plan
fixes RBS's Allowed Claim at $12 million, subject to RBS's right
to seek a higher amount, which higher amount the Debtor may
dispute.  The RBS Settlement Payment amount shall be $10.8
million.

The RBS Settlement Payment will be paid to RBS on or before March
14, 2014, in full and complete satisfaction of the Oz-GPE
Obligation and the John D. Obligation.  If the Private Sale does
not close in time to make payment timely of the RBS Settlement
Payment by March 14, 2014 (or such date as may be agreed to by
RBS), the Debtor will pay the RBS Delayed Settlement Payment
amount by March 31, 2014.  If neither the RBS Settlement Payment
nor the RBS Delayed Settlement Payment is timely paid, RBS will be
entitled to payment of its Allowed Claim on April 1, 2014.

Class 3 consists of all Allowed Other Secured Claims against the
Debtor.  The majority of the Other Secured Claims are held by
equipment-finance lenders, many of which have been satisfied by
Mr. Osborne.  Holders of Allowed Other Secured Claims which are
secured by Collateral included in the Private Sale will be paid an
amount agreed by the Creditor and the Debtor from the proceeds of
the Private Sale, for the Collateral sold, or the amount of their
claim will be escrowed pending determination by the Court.
Holders of Allowed Other Secured Claims which are secured by
Collateral not included in the Private Sale shall be granted
relief from the Automatic Stay effective 30 days after the private
sale, during which time the Debtor and such creditor may
reach agreement on an amount to be paid.

Class 4 consists of all Allowed General Unsecured Claims against
the Debtor.  Unless the Debtor and the holder of any such allowed
claim agree to a different treatment, each holder of an Allowed
Class 4 Claim shall receive 50% of the Allowed Amount, paid within
30 days of the closing of the Private Sale.  Holders of Class 4
Claims against the Debtor that are insiders or related-entities
shall not receive any distribution on account of their Allowed
Claim until such time as other Class 4 creditors have been paid
pursuant to the terms of the plan.

Class 5 consists of all Equity Interests in the Debtor.  The
Equity Interest owners will retain their interests in the Debtor.

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

     http://bankrupt.com/misc/GREATPLAINSds3plan.pdf

                            Objections

The State of Ohio, Department of Taxation, State of Ohio, Bureau
of Workers' Compensation, State of Ohio Environmental Protection
Agency, and State of Ohio  Department of Job and Family Services.
Ohio Tax, Ohio BWC and Ohio EPA have filed general unsecured
claims against the Debtor.  They said the Court must require the
Debtor to modify the Plan where  necessary and to provide
sufficient information to enable creditors to determine whether
the proposed Plan is in their best interests.  The Disclosure
Statement, they said, fails to provide "adequate information" as
defined and required by 11 U.S.C. Sec. 1125(a) and (b) to impaired
classes of creditors.  The Plan contemplates a private sale but
the prospective purchaser has not been disclosed.  Therefore,
feasibility cannot be evaluated.  The asset valuations provided in
the Disclosure Statement are based solely upon the opinion of the
Debtor and a Reserve Report that was not appended to the
Disclosure Statement.  The Statement of Financial Affairs lists
Mr. Osborne as the 100% owner of Great Plains.  The Plan's
proposed payment of only 50% on allowed general unsecured claims
while Mr. Osborne retains 100% equity in Great Plains violates the
Absolute Priority Rule codified in 11 U.S.C. Sec. 1129(b)(2)(B)(i)
and (ii) with no mention or explanation for this in the Disclosure
Statement or Plan.

1st Source Bank, which asserts a $484,731 claim secured by certain
equipment of the Debtor, complains that the Plan documents do not
provide the definitive amount the Class 3 creditors will receive
under the Plan.  1st Source Bank noted that the Disclosure
Statement states the Class 3 creditors will be paid an amount
agreed to by the Creditor and the Debtor or relief from the
automatic stay, while the Plan provides that the assets will be
sold either at Private or Public Sale.  In the event of a Public
Sale, proceeds will first be distributed to expenses of the sale
and Allowed Administrative Expense Claims, and second to Allowed
Secured Claims.  RBS is given the express right to credit bid,
however, this right is not expressly extended to other creditors.

1st Source Bank also noted that the amount to be paid to RBS
Citizens, N.A. d/b/a Charter One varies dramatically under the
Plan:

     -- If the sale occurs by March 14, 2014, RBS will be paid
        $10,800,000;

     -- If the sale is delayed, RBS receives a delayed settlement
        payment of an increased amount of $100,000, plus $5,000
        per day, and

     -- If RBS is not paid by March 31, 2014, then on April 1,
        2014, RBS is entitled to the full amount of its allowed
        claim of $12,000,000.

The Disclosure Statement, 1st Source Bank said, fails to provide
any information on how these dramatically different amounts can
feasibly be paid, and the effect these payments will have on the
amount the other creditors will receive from the sale of the
assets.

Great Plains' financial difficulties were the direct result of the
drop in the price of natural gas.  As a result of the dramatic
drop is gas prices, it was out of compliance with certain
covenants with secured lender RBS.

1st Source Bank is represented by:

     MARSH SPAEDER BAUR SPAEDER & SCHAAF, LLP
     Kurt L. Sundberg, Esq.
     Suite 300, 300 State Street
     Erie, Pennsylvania 16507

          - and -

     Jeffery A. Johnson, Esq.
     May Oberfell Lorber
     4100 Edison Lakes Parkway, Suite 100
     Mishawaka, Indiana 46545
     Tel: (574) 243-4100

Attorney for Ohio Department of Taxation, Ohio Department of Job
and Family Services, Ohio Bureau of Workers' Compensation, Ohio
Environmental Protection Agency are:

     Mike DeWine, Esq.
     Attorney General of Ohio
     By: Donn D. Rosenblum, Esq.
     Principal Assistant Attorney General
     150 East Gay Street, 21st Floor
     Columbus, OH 43215
     Tel: (614) 728-5754
     Fax: (877) 591-5768 donn.rosenblum@ohioattorneygeneral.gov

                    About John D. Oil & Gas Co.

Mentor, Ohio-based John D. Oil & Gas Co., is in the business of
acquiring, exploring, developing, and producing oil and natural
gas in Northeast Ohio.  The Company has 58 producing wells.  The
Company also has one self storage facility located in Painesville,
Ohio.  The self-storage facility is operated through a partnership
agreement between Liberty Self-Stor Ltd. and the Company.

John D. Oil's affiliated entities -- Oz Gas, LTD., and Great
Plains Exploration, LLC -- filed voluntary Chapter 11 petitions
(Bankr. W.D. Pa. Case Nos. 12-10057 and 12-10058) on Jan. 11,
2012.  Two days later, John D. Oil filed its own Chapter 11
petition (Bankr. W.D. Pa. Case No. 12-10063).

On Nov. 21, 2011, at the request of the lender RBS Citizens, N.A.,
dba Charter One, a receiver was appointed for all three corporate
Debtors, in the United States District Court for the Northern
District of Ohio at case No. 11-cv-2089-CAB.  District Judge
Christopher A. Boyko issued an order appointing Mark E. Dottore as
receiver.  The Receivership Order was appealed to the Sixth
Circuit Court of Appeals on Dec. 19, 2011, and the appeal is
currently pending.

Judge Thomas P. Agresti oversees the Chapter 11 cases.  Robert S.
Bernstein, Esq., at Bernstein Law Firm P.C., serves as counsel to
the Debtors.  Each of Great Plains and Oz Gas estimated
$10 million to $50 million in assets and debts.  John D. Oil's
balance sheet at Dec. 31, 2011, showed $6.98 million in total
assets, $13.26 million in total liabilities, and a stockholders'
deficit of $6.28 million.  The petitions were signed by Richard M.
Osborne, CEO.

The United States Trustee said a committee under 11 U.S.C. Sec.
1102 has not been appointed because no unsecured creditor
responded to the U.S. Trustee's communication for service on the
committee.


GREEN FIELD ENERGY: Can Hire Conway MacKenzie as Financial Advisor
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
the Official Committee of Unsecured Creditors of Green Field
Energy Services, Inc. and its debtor-affiliates to retain Conway
MacKenzie, Inc. as financial advisor to the Committee, nunc pro
tunc to Nov. 11, 2013.

According to the Troubled Company Reporter on Dec. 30, 2013, the
Committee requires Conway MacKenzie to:

   (a) assist in the analysis, review and monitoring of the
       restructuring process, including, but not limited to an
       assessment of potential recoveries for general unsecured
       creditors;

   (b) assist in the review of financial information prepared by
       the Debtors, including, but not limited to, cash flow
       projections and budgets, business plans, cash receipts and
       disbursement analysis, asset and liability analysis, and
       the economic analysis of proposed transactions for which
       Court approval is sought;

   (c) assist with the review of the Debtors' analysis of core and
       non-core business assets and the potential disposition or
       liquidation of the same;

   (d) assist with review of any tax issues associated with, but
       not limited to, preservation of net operating losses,
       refunds due to the Debtors, plans of reorganization and
       asset sales;

   (e) assist in the review and preparation of information and
       analysis necessary for the confirmation of a plan and
       related disclosure statement in these Chapter 11
       proceedings;

   (f) attend meetings and assist in discussions with the Debtors,
       potential investors, banks, other secured lenders, the
       Committee and any other official committees organized in
       these Chapter 11 proceedings, the U.S. Trustee, other
       parties in interest and professionals hired by the same, as
       requested;

   (g) assist in the review of financial related disclosures
       required by the Court, including the Schedules of Assets
       and Liabilities, the Statement of Financial Affairs and
       Monthly Operating Reports;

   (h) assist with the review of the Debtors' cost/benefit
       analysis with respect to the affirmation or rejection of
       various executory contracts and leases;

   (i) assist in the evaluation, analysis, and forensic
       investigation of avoidance actions, including fraudulent
       conveyances and preferential transfers and certain
       transactions between the Debtors and affiliated entities;

   (j) assist in the prosecution of Committee responses/objections
       to the Debtors' motions, including attendance at
       depositions and provision of expert reports/testimony on
       case issues as required by the Committee; and

   (k) render other general business consulting or other
       assistance as the Committee or its counsel may deem
       necessary that are consistent with the role of a financial
       advisor and not duplicative of services provided by other
       professionals in this proceeding.

Conway MacKenzie will be paid at these hourly rates:

       John T. Young, Jr., Sr. Managing Director   $695
       Paraprofessional                            $200
       Senior managing Director                    $695

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

John T. Young, Jr., senior managing director of Conway MacKenzie,
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.

Conway MacKenzie can be reached at:

       John T. Young, Jr.
       CONWAY MACKENZIE, INC.
       1301 McKinney, Suite 2025
       Houston, TX 77010
       Tel: (713) 650-0500
       Fax: (713) 650-0502
       E-mail: JYoung@ConwayMacKenzie.com

                    About Green Field Energy

Green Field Energy Services, Inc., is an independent oilfield
services company that provides a wide range of services to oil and
natural gas drilling and production companies to help develop and
enhance the production of hydrocarbons.  The Company's services
include hydraulic fracturing, cementing, coiled tubing, pressure
pumping, acidizing and other pumping services.

Green Field Energy and two affiliates filed Chapter 11 petitions
in Delaware on Oct. 27, 2013, after defaulting on an $80 million
credit provided by an affiliate of Royal Dutch Shell Plc (Case No.
13-bk-12783, Bankr. D. Del.).

The Debtors are represented by Michael R. Nestor, Esq., and Kara
Hammon Coyle, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware; and Josef S. Athanas, Esq., Caroline A.
Reckler, Esq., Sarah E. Barr, Esq., and Matthew L. Warren, Esq.,
at Latham & Watkins LLP, in Chicago, Illinois.

The Debtors' investment banker is Carl Marks Advisory Group LLC.
Thomas E. Hill, from Alvarez & Marsal North America, LLC, serves
as the Debtors' chief restructuring officer.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed six
members to the official committee of unsecured creditors in the
Chapter 11 cases of Green Field Energy Services, Inc., et al.

Green Field's bankruptcy is being financed with a $30 million loan
from BG Credit Partners LLC and ICON Capital LLC.


GREEN FIELD ENERGY: Brown Rudnick Approved as Panel's Co-Counsel
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
the Official Committee of Unsecured Creditors of Green Field
Energy Services, Inc. and its debtor-affiliates to retain Brown
Rudnick LLP as co-counsel to the Committee, nunc pro tunc to
Nov. 7, 2013.

According to the Troubled Company Reporter on Dec. 30, 2013, the
professional services to be rendered by Brown Rudnick to the
Committee will include:

   (a) assisting and advising the Committee in its discussions
       with the Debtors and other parties-in-interest regarding
       the overall administration of these cases;

   (b) representing the Committee at hearings to be held before
       this Court and communicating with the Committee regarding
       the matters heard and the issues raised as well as the
       decisions and considerations of this Court;

   (c) assisting and advising the Committee in its examination and
       analysis of the conduct of the Debtors' affairs;

   (d) reviewing and analyzing pleadings, orders, schedules, and
       other documents filed and to be filed with this Court by
       parties-in-interest in these cases; advising the Committee
       as to the necessity, propriety, and impact of the foregoing
       upon the Debtors' Chapter 11 cases; and consenting or
       objecting to pleadings or orders on behalf of the
       Committee, as appropriate;

   (e) assisting the Committee in preparing such applications,
       motions, memoranda, proposed orders, and other pleadings as
       may be required in support of positions taken by the
       Committee, including all trial preparation as may be
       necessary;

   (f) conferring with the professionals retained by the Debtors
       and other parties-in-interest, as well as with such other
       professionals as may be selected and employed by the
       Committee;

   (g) coordinating the receipt and dissemination of information
       prepared by and received from the Debtors' professionals,
       as well as such information as may be received from
       professionals engaged by the Committee or other parties-in-
       interest in these cases;

   (h) participating in such examinations of the Debtors and other
       witnesses as may be necessary in order to analyze and
       determine, among other things, the Debtors' assets and
       financial condition, whether the Debtors have made any
        avoidable transfers of property, or whether causes of
       action exist on behalf of the Debtors' estates;

   (i) negotiating and formulating a plan of reorganization for
       the Debtors or other resolution of these Chapter 11 cases;
       and

   (j) assisting the Committee generally in performing such other
       services as may be desirable or required for the discharge
       of the Committee's duties pursuant to Bankruptcy Code
       Section 1103.

Brown Rudnick will be paid at these hourly rates:

       Robert J. Stark               $1,155
       Howard L. Siegel              $1,060
       Sunni P. Beville              $790
       Attorney                      $400-$1,190
       Paraprofessional              $315-$370

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

Robert J. Stark, Esq., member of Brown Rudnick, 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.

Brown Rudnick can be reached at:

       Robert J. Stark, Esq.
       BROWN RUDNICK LLP
       Seven Times Square
       New York, NY 10036
       Tel: (212) 209-4800
       Fax: (212) 209-4801
       E-mail: rstark@brownrudnick.com

                    About Green Field Energy

Green Field Energy Services, Inc., is an independent oilfield
services company that provides a wide range of services to oil and
natural gas drilling and production companies to help develop and
enhance the production of hydrocarbons.  The Company's services
include hydraulic fracturing, cementing, coiled tubing, pressure
pumping, acidizing and other pumping services.

Green Field Energy and two affiliates filed Chapter 11 petitions
in Delaware on Oct. 27, 2013, after defaulting on an $80 million
credit provided by an affiliate of Royal Dutch Shell Plc (Case No.
13-bk-12783, Bankr. D. Del.).

The Debtors are represented by Michael R. Nestor, Esq., and Kara
Hammon Coyle, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware; and Josef S. Athanas, Esq., Caroline A.
Reckler, Esq., Sarah E. Barr, Esq., and Matthew L. Warren, Esq.,
at Latham & Watkins LLP, in Chicago, Illinois.

The Debtors' investment banker is Carl Marks Advisory Group LLC.
Thomas E. Hill, from Alvarez & Marsal North America, LLC, serves
as the Debtors' chief restructuring officer.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed six
members to the official committee of unsecured creditors in the
Chapter 11 cases of Green Field Energy Services, Inc., et al.

Green Field's bankruptcy is being financed with a $30 million loan
from BG Credit Partners LLC and ICON Capital LLC.


GYMBOREE CORP: Bank Debt Trades at 9% Off
-----------------------------------------
Participations in a syndicated loan under which Gymboree Corp. is
a borrower traded in the secondary market at 91.11 cents-on-the-
dollar during the week ended Friday, Jan. 31, 2014, according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a decrease of 1.42
percentage points from the previous week, The Journal relates.
Gymboree Corp. pays 350 basis points above LIBOR to borrow under
the facility.  The bank loan matures on Feb. 23, 2018 and carries
Moody's B3 rating and Standard & Poor's B- rating.  The loan is
one of the biggest gainers and losers among 205 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Headquartered in San Francisco, California, The Gymboree
Corporation is a retailer of infant and toddler apparel.  The
company designs and distributes infant and toddler apparel through
its stores which operates under the "Gymboree", "Gymboree Outlet",
"Janie and Jack" and "Crazy 8" brands in the United States, Canada
and Australia. Revenues are approximately $1.2 billion. The
company is owned by affiliates of Bain Capital Partners LLC.


HEALTH CARE REIT: Fitch Affirms 'BB+' Preferred Stock Rating
------------------------------------------------------------
Fitch Ratings has affirmed the following credit ratings of Health
Care REIT, Inc. (NYSE: HCN):

-- Issuer Default Rating (IDR) at 'BBB';
-- Senior unsecured lines of credit at 'BBB';
-- Senior unsecured term loans at 'BBB';
-- Senior unsecured notes at 'BBB';
-- Senior unsecured convertible notes at 'BBB';
-- Preferred stock at 'BB+'.

The Rating Outlook is Stable.

Key Rating Drivers

The ratings reflect HCN's broad healthcare real estate platform,
which generates largely predictable cash flow principally from
private pay sources in markets with strong demographics.  The
company has projected fixed charge coverage and leverage
appropriate for a 'BBB' rated healthcare REIT.  HCN also has
strong access to capital and a solid liquidity position, including
contingent liquidity from unencumbered assets, and a strong
management team.  Credit concerns center on operational volatility
associated with the company's REIT Investment Diversification and
Empowerment Act of 2007 (RIDEA)-related investments, modest
operator concentration, and impact on future growth financing
given broad equity underperformance in the healthcare real estate
sector.

Stable Cash Flow

HCN's portfolio features long-term leases that create a recurring
stream of cash flows to service fixed charges and fund external
growth.  The company's weighted average lease maturity was 12
years at Sept. 30, 2013, and only 6.8% of revenue (excluding RIDEA
investments) expires through 2016.  Further, the company's leases
have structural protections including parent guarantees, letters
of credit/security deposits, and master leases/cross-
collateralization agreements, which limit operators' ability to
selectively renew leases for better performing assets.

Favorable Portfolio Characteristics

Approximately 91% of the portfolio is located in the top 31
domestic metropolitan statistical areas or on the East or West
coasts, based on data from the National Investment Center for the
Seniors Housing & Care Industry.  The company's RIDEA investments
(33% of NOI) also exhibit favorable demographics including
household incomes and home values that are 63% and 31% above the
broader United States, respectively.  These favorable qualities
mitigate inherent volatility in the RIDEA portfolio and have led
to strong quarterly same store net operation income (SSNOI) growth
averaging 4% across the aggregate portfolio since 2011.

Modest Government Reimbursement Risk

HCN has a favorable payor mix with private pay sources
representing 82% of third quarter (3Q) NOI.  As a result, Fitch
does not expect that rules by the Centers for Medicare and
Medicaid Services (CMS) for fiscal year 2014 will have a material
impact on the company's cash flow.  Prospective payment system
(PPS) payment growth rates for Medicare in skilled nursing
facilities are 1.3% for fiscal year (FY) 2014 following 1.8% in
FY2013, and 1.3% for long-term acute care hospitals in FY2014
following 1.7% in FY2013.  In addition, sequestration that was
effective April 1, 2013 lowered Medicare reimbursements by 2% per
the Budget Control Act of 2011, but should have an immaterial
impact on HCN's tenant's EBITDARM coverage over the near term.

Strong SSNOI Growth to Decelerate in 2014

SSNOI growth has been solid in a range of 3.5%-5% on a quarterly
basis since the fourth quarter of 2010 (4Q'10) and up 3.7% in
3Q'13, led by the seniors housing operating portfolio at 9.4%.
Fitch expects that SSNOI growth will moderate in 2014-2015 to the
low-single digits, driven by deceleration in RIDEA-driven growth
to approximately 4-5%.

Appropriate Credit Metrics for 'BBB'

Leverage of 6.9x at Sept. 30, 2013 is elevated, yet overstated
given timing of the final phase of the Sunrise acquisition, which
closed in July 2013.  Leverage calculated with 3Q'13 EBITDA is
6.2x and appropriate for the rating.  Fitch expects that leverage
will stabilize in the 6.3x-6.4x range over the longer term, which
is consistent with the 'BBB' IDR.  Fixed charge coverage (FCC) was
2.8x for both the trailing 12 months (TTM) and quarter ended Sept.
30, 2013.  Fitch expects that HCN's FCC will remain around this
level over the next 12-24 months, as accretive growth from
acquisitions and developments is mitigated by increasing capital
expenditures and higher cost of capital.  Fitch defines fixed-
charge coverage as recurring operating EBITDA, less recurring
capital expenditures and straight-line rent adjustments, divided
by total interest incurred and preferred dividends.  Projected
coverage is appropriate for the rating.

Strong Access to Capital

HCN raised approximately $3.6 billion of capital in 2013,
including unsecured bonds, term loans, and follow-on common
equity.  The company also upsized its credit facility while
extending the term and lowering the LIBOR spread to 117.5 basis
points (bps) from 135 bps.

Robust Financial Flexibility

HCN's liquidity position pro forma for recent capital transactions
is adequate, with total sources of liquidity covering uses by 1.5x
for the period Oct. 1, 2013 to Dec. 31, 2015.  Sources of
liquidity include unrestricted cash, availability under the
unsecured revolving credit facility, and projected retained cash
flow from operating activities after dividends.  Uses of liquidity
include pro rata debt maturities, recurring capital expenditures,
and remaining development costs.  Only 13.9% of pro-rata debt
matures through 2015 and no more than 13% of total debt matures in
any given year through 2017, limiting refinancing risk.  HCN also
has strong contingent liquidity with unencumbered asset coverage
of unsecured debt (UA/UD) based on a stressed 8.5% capitalization
of 2.3x, pro forma for recent unsecured debt transactions and
upcoming secured debt repayment.

Elevated AFFO Payout Ratio

Health Care REIT has paid out more than 90% of AFFO as common
dividends since 2010, indicating moderate internally generated
liquidity.  The company's AFFO payout ratio was 94% through Sept.
30, 2013 and Fitch expects the ratio will remain relatively flat
over the near term as accretive investments should be offset by
the 3.9% dividend increase announced for 2014 and increasing capex
from RIDEA investments.

Underperforming Equity

HCN and the broader healthcare REIT sector have underperformed
indices over the past 12 months, driven by market factors (sizable
NAV premiums beginning to normalize) and fundamental issues
(growth deceleration and elevated levels of new supply).
HCN has historically taken advantage of richly priced equity to
finance its sizable growth, issuing more than $10 billion of
common equity since 2006 at an average 28% premium to NAV.  The
recent underperformance (the company currently trades at a 5%
premium) raises uncertainty about future equity financing and
whether the company will be able to grow in a leverage-neutral
manner without diluting equity holders.

Modest Tenant Concentration

As of Sept. 30, 2013, Sunrise Senior Living was the company's
largest tenant at 18% of invested capital, with the five largest
tenants representing 43%.  This concentration is high relative to
other asset classes but strong relative to peers Ventas, Inc.
('BBB+'/Outlook Stable) and HCP, Inc. ('BBB+'/Outlook Stable),
whose five largest tenants comprise 56% and 59%, respectively.
The concentration is also mitigated by the solid performance of
these tenants, which operate in well-diversified, attractive high-
barrier-to-entry markets, and with cross-collateralized lease
structures.

International Expansion Presents Event Risk

HCN has accelerated its growth in Canada and the United Kingdom
via various acquisitions over the past 12 months, highlighted by
Revera and the final phase of Sunrise Senior Living.  The cash
flow diversification and favorable demographics underlying the
transactions are credit positives.  However, event risk arises
from future uncertainties related to regulatory and entitlement
risk in these markets.  Fitch expects that the company will
continue to grow in Canada and the UK and potentially enter new
markets over the next 12-24 months, which further exacerbates
these risks.  That being said, Fitch has a favorable view of HCN's
management team, which has prudently entered new markets in a
disciplined, well-executed manner.

Stable Outlook

The Stable Outlook centers on HCN's normalized credit metrics that
are appropriate for the rating coupled with strong liquidity and
access to capital.  In addition, Fitch expects healthcare real
estate to continue to benefit from positive demographic trends
over the near to medium term.

Preferred Stock Notching

The two-notch differential between HCN's IDR and its preferred
stock rating is consistent with Fitch's criteria for corporate
entities with a 'BBB' IDR.  These preferred securities are deeply
subordinated and have loss absorption elements that would likely
result in poor recoveries in the event of a corporate default.

Rating Sensitivities

The following factors may result in positive momentum in the
ratings and/or Outlook:

-- Fitch's expectation of fixed-charge coverage sustaining above
    3.0x (TTM coverage at 3Q'13 was 2.8x);
-- Fitch's expectation of leverage sustaining below 5.5x (3Q'13
    annualized leverage was 6.2x);
-- Fitch's expectation of unencumbered assets to unsecured debt
    based on an 8.5% capitalization rate sustaining above 2.5x
    (pro forma UA/UD is 2.3x).

The following factors may result in negative momentum in the
ratings and/or Rating Outlook:

-- Fitch's expectation of fixed charge coverage sustaining below
    2.5x;
-- Fitch's expectation of leverage sustaining above 6.5x;
-- Fitch's expectation of unencumbered assets to unsecured debt
    sustaining below 2.0x.


IG INVESTMENTS: $30MM Loan Upsize No Impact on Moody's 'B1' CFR
---------------------------------------------------------------
Moody's Investors Service said that IG Investments Holdings, LLC's
(the entity that indirectly owns Insight Global, LLC --
collectively referred to as "Insight Global") $30 million upsize
of the previously proposed $90 million add-on to its existing
first lien term loan is credit negative but does not impact the
company's B1 corporate family rating, debt instrument ratings or
the stable ratings outlook.


IMPERIAL CAPITAL: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Imperial Capital LLC
        721 5th Avenue, Apt 45K
        New York, NY 10022

Case No.: 14-10236

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Debtor's Counsel: William H. Salgado, Esq.
                  WILLIAM H. SALGADO
                  37-06 82nd Street, Suite 310
                  Jackson Heights, NY 11372
                  Tel: 718-458-0047
                  Fax: 718-899-6988
                  Email: salgadolaw@att.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mel Cooper, member.

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


INTELLICELL BIOSCIENCES: Obtains Favorable Ruling vs. Ironridge
---------------------------------------------------------------
IntelliCell BioSciences, Inc., received a favorable ruling in its
case against Ironridge Global IV, LTD., and TCA Global Credit
Master Fund, LP.

On Jan. 28, 2014, after an arduous battle in the courts, Judicial
Hearing Officer Ira Gammerman, a long time former Justice of the
Supreme Court of the State of New York, in a decision on each of
Ironridge's claims against the Company, fully justified
IntelliCell's position by ruling against each of Ironridge's and
TCA's demands for monetary damages.  The Company has always
maintained that Ironridge was not entitled to any monetary claims
in this matter and Judge Gammerman agreed.  The Court made it
abundantly clear that Ironridge (lead by its principles John
Kirkland and Richard Krieger) and TCA are not entitled to monetary
damages and had no right to inappropriately broadcast to the world
that it could sell IntelliCell's assets.

IntelliCell's chief executive officer, Dr. Steven Victor remarked,
"We maintained from the very beginning that we would vigorously
defend ourselves against all of John Kirkland's and Ironridge's
claims for additional monetary damages, and today, the Company
feels vindicated and is happy for its shareholders."  Dr. Victor
added, "I would like especially thank the Roth Law Firm and
Richard Roth and Jordan Kam for their hard work in getting us the
best result possible."  Richard Roth stated, "at the end of the
day IntelliCell knew it was right - and Ironridge was wrong - on
all monetary claims.  We just needed a Court to hear the dispute
and make that determination.  Judge Gammerman did so when he made
it abundantly clear that Ironridge's claims lacked any basis.
While Ironridge may object to Judge Gammerman's Report &
Recommendation, it is our view that the decision puts all of those
claims to bed."

                   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.  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.

Rosen Seymour Shapss Martin & Company LLP stated in their report
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.


INVESTORS CAPITAL: Plan Modification Hearing Today in Louisville
----------------------------------------------------------------
Investors Capital Partners II, LP, is scheduled to appear before
the Bankruptcy Court in Louisville, Kentucky, today, Feb. 3, 2014,
at 9:30 a.m. (Eastern Time) for a hearing regarding its "Motion
Regarding Certain Plan Modifications and Clarifications".

This morning's hearing will be held at Courtroom #1, 5th Fl. (7th
St. Elevators), 601 West Broadway, in Louisville.

The Debtor said the modifications and clarifications primarily
affect the proposed Plan treatment of PBI Bank, Inc., and further
clarifies the 'new value' contributions if the Plan is confirmed.

Class 1 consists of the Allowed Secured Claim of PBI Bank, Inc.,
or its successors or assigns, valued at $9,566,842 as of the
Petition Date, plus interest, less all payments received before
the Effective Date and applied to principal.  The Allowed Class 1
Claim will be paid in full over time.  The Allowed Class 1 Claim
is Impaired.

The Amended Plan provides that the Reorganized Debtor anticipates
that it will seek to use a portion of any sales proceeds realized
from post-Confirmation sales to fund improvements to the
Reorganized Debtor's property which constitutes Collateral
securing the Allowed Class 1 Claim.  All other net proceeds from
the sale of real property will be distributed between the Allowed
Class 1 Secured Claim of PBI and the Allowed Class 2 Secured Claim
of Alliance Corp., valued at $748,208.05 as of the Petition Date,
plus interest, pursuant to the agreement dated Nov. 3, 2009
between the Debtor, PBI and Alliance, with PBI to receive 75% of
the net proceeds and Alliance to receive 25% of the net proceeds.

According to the Amended Plan, the Allowed Class 1 Claim will be
repaid through monthly principal and interest payments for a term
of 20 years at an interest rate of 3.25% per annum for the first
three years following the Effective Date, which interest rate will
increase to 4.25% per annum beginning in the fourth year following
the Effective Date and continuing through maturity or repayment in
full.  At maturity, the full remaining balance will be paid in one
lump-sum payment. For the first three years following the
Effective Date, the Allowed Class 1 Claim shall be paid monthly
principal payments of $1,000 per month along with the
amortized interest payments. Thereafter, beginning in the first
month of the fourth year following the Effective Date, the Allowed
Class 1 Claim shall be paid combined monthly payments of principal
and interest until the Allowed Class 1 Claim is paid in full.

In addition to the total balance of the Allowed Class 1 Secured
Claim, the Reorganized Debtor will also repay to PBI roughly
$711,000 of the total of the $1,050,000 debt of Investors Equity
Holdings.  This additional payment stream represents the
approximate amount of the loan proceeds which were received by the
ICP2 Debtor when the loan was made.

The Class 2 Claims will be paid in full over time, not to exceed
eight years, and Alliance will retain its liens securing the Class
2 Claims until paid in full or until the collateral securing the
Class 2 Claims is sold under the terms of the Plan, with the liens
to attach to the proceeds of any such post-Confirmation sales in
their respective order of priority.  The Reorganized Debtor shall
be authorized to sell real property subject to the liens of any
Secured Creditor.

The Allowed Secured Claim of Barren County PVA is separately
grouped in Class 3 under the Amended Plan.  The Claim is valued at
$53,652, as of the Petition Date, plus statutory interest, which
arises as a result of a statutory lien for past due taxes on the
Debtor's real property in Barren County, Kentucky. The Barren
County PVA claim shall be paid in monthly installments over one
year, beginning in the month after the Effective Date.  Upon
repayment in full, Barren County PVA shall release its statutory
liens securing the Class 3 Claim. The Class 3 Claim is Impaired.

Class 4 consists of the Allowed Unsecured Claims against the
Debtor other than Secured Claims, unclassified Claims, Cure
Claims, Priority Claims and Priority Tax Claims.  Each holder of
an Allowed Claim in Class 4 will receive its distribution equal to
its pro rata share of Net Cash Flow.  The Reorganized Debtor shall
deposit in a separate escrow account the monthly sum from the Net
Cash Flow beginning with the first full month after the Effective
Date for the purpose of paying Class 4 Allowed Unsecured Claims.
The Reorganized Debtor estimates the total amount available to
unsecured creditors over the duration of the Plan to be $158,549.
Distributions shall be made annually, beginning on May 1st of the
first year after all unclassified Claims, Cure Claims, Priority
Claims and Priority Tax Claims are paid in full.  The Class 4
Claims will be paid to the greatest extent possible over time
without interest; however, there are not guarantees that holders
of an Allowed Unsecured Claim will receive any distribution on
account of their claim.  The Class 4 Claims are Impaired.

Class 5 consists of those Persons holding equity or membership
Interests in the Debtor.  The Debtor is a for-profit Tennessee
limited partnership.  Holders of interests in the Debtor who so
elect, will make a capital contribution in the minimum aggregate
amount of up to $160,000 which includes $12,500 already
contributed and a total of $148,500 to be contributed within the
first 18 months following the Effective Date,which shall be used
by the Reorganized Debtor to satisfy the terms of the Plan and
make necessary improvements to its real property. The Interests in
the Debtor will remain unimpaired by Confirmation of the Debtor's
Plan, so long as the Plan is approved by the Bankruptcy Court and
in accordance with the Bankruptcy Code. There will be no
dividends, distributions or any other payments to or on account of
the Equity Interests until all Plan payments have been completed.
The Class 5 Claims are Impaired.

Class 6 shall consist of all other Secured Claims, if any,
excluding the Class 1- 3 Allowed Secured Claims. In satisfaction
of the Allowed Secured Claim of any Class 6 Creditor, if any, the
Debtor shall, on the Effective Date, or such other date as may be
agreed on, at the Debtor's option, either: (i) surrender the
collateral to the Creditor to allow it to liquidate said
collateral at its discretion; or (ii) pay the amount of such
Allowed Secured Claim to the Class 6 Creditor over time under the
life of the Plan.  Any Allowed Claim for a deficiency balance
shall be a Class 6 Claim. The Class 6 Claims are impaired.

The Debtor originally filed a Plan of Reorganization and
Disclosure Statement on March 19, 2013.  The Court on April 29,
2013, entered an Order approving the Disclosure Statement, setting
June 11, 2013 as the hearing date to consider confirmation of the
Plan.

On June 4, 2013, PBI filed its Objection to confirmation of the
Plan.  On June 11, 2013, the Court held a hearing and subsequently
entered an Order continuing the Confirmation Hearing to July 2,
2013.  The hearing was further reset to Nov. 22 and then to
January 2014.

The Debtor filed the Amended Plan of Reorganization on Dec. 11.
The Amended Plan, however, is dated Dec. 9.  The Plan
Modifications were dated Dec. 10.

A copy of Investors Capital Partners II's Plan is available at:

     http://bankrupt.com/misc/INVESTORSCAPITAL1plan.pdf

A copy of Investors Capital Partners II's Plan Modifications is
available at:

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

The Debtor is represented by:

         DELCOTTO LAW GROUP PLLC
         Laura Day DelCotto, Esq.
         Amelia Martin Adams, Esq.
         200 North Upper Street
         Lexington, KY 40507
         Telephone: (859) 231-5800
         Facsimile: (859) 281-1179
         E-mail: ldelcotto@dlgfirm.com
                 aadams@dlgfirm.com

                   About Investors Capital II

Brentwood, Tennessee-based Investors Capital Partners II, LP and
two affiliates sought Chapter 11 protection (Bankr. W.D. Ky. Case
Nos. 12-11575 to 11677) in Bowling Green, Kentucky, on Dec. 19,
2012.

ICP II estimated assets of at least $10 million and liabilities of
less than $10 million.  It owns a 35-acre commercial development
near Glasgow, Kentucky. The ICP II property is home to a Marquee
Cinema, Dollar Tree, and Aaron's Rents and also consists of seven
parcels of undeveloped land.

Debtor-affiliate Investors Capital Partners I, LP owns multiple
parcels of undeveloped land near Nolensville, Tennessee.
Investors Land Partners II, LP owns partially developed land,
consisting of six adjoining parcels of real property, near
Nashville, Tennessee.

Laura Day DelCotto, Esq., and Amelia Martin Adams, Esq., at
DelCotto Law Group, PLLC, represent the Debtor as counsel.

In court filings, the Debtors said their lenders have attempted to
foreclose against the Debtors' assets, and the Debtors have been
unable to reach agreements with their lenders that would allow the
Debtors to reorganize their debts in an orderly manner; thus, the
Debtors have little option except for the development of a joint
plan to reorganize operations and restructure debts for the
benefit of all creditors and parties in interest.


INVESTORS CAPITAL: PBI Balks at 20-Yr Repayment, Low Interest Rate
------------------------------------------------------------------
PBI Bank, Inc., on Jan. 20 delivered to the Bankruptcy Court its
objection to the confirmation of Investors Capital Partners II,
LP's Plan of Reorganization, as amended.  The bank said the Plan
"is not fair and equitable due to length of proposed payments."

According to PBI, the Debtor has only one real asset consisting of
a loan portfolio of real estate, all encumbered by secured
creditor claims.  The real property was subject to a foreclosure
action in progress.

PBI said there is no question that the Debtor's financial problems
essentially involve a dispute between secured creditors and the
Debtor, and that the Debtor's plan evidences an intent to
frustrate or delay the legitimate efforts of the secured creditors
to enforce their rights, and an intent to use the bankruptcy
process as a substitute for traditional refinancing by drafting
the terms of its own loan.

In objecting to the plan, PBI argued the Debtor has failed to
offer an interest rate which fairly compensates PBI for the risks
associated with carrying the debt.  The Debtor proposes to pay
PBI's loan at a 3.25% interest per year for the first three years
and at 4.25% for the balance of the 25 year term.  All of the
notes that the Debtor has signed with PBI were at a fair market
rate at the time the loans were made in 2011.  However, PBI
pointed out, the best available loan for a borrower of similar
circumstances is currently about 6.25%; a reasonable rate based on
the factors concerning the Debtor including that such loans are
commercial loans, the risks associated with the Debtor's credit
history and the fact that even the best debtors cannot get a
better interest rate than the prime rate of interest.  PBI said
the Debtor has presented no evidence that the current market rate
is 3.25% or 4.25% for a debtor of similar standing.

PBI also balked at the Debtor's proposed repayment term on the
loan of 20 years. Even the best commercial loans for the most
well-qualified borrowers available on the open market do not have
terms of 20 years.  The only known readily available loans that
contain loan terms of 20 years are residential home loans that are
backed by the federal government.  Without the Debtor presenting
evidence that the proposed interest rate is similar for similar
loans with similar risk in the region, the plan should be rejected
as a matter of law.

PBI also noted that it currently offers its best business
customers commercial loans at the rate of 6.00% per annum for one
year only.  These customers are customers with low-risk loans and
good credit history.  The Debtor should certainly not be entitled
to a lower rate or equal rate of interest than that of PBI's best
business customers.  PBI currently offers loans to its business
customers with reasonably good credit at the rate of 6.50% per
annum.  However, given the Debtor's credit history, it would not
be entitled to even the 7.50% interest rate.

PBI said the Debtor has few unsecured creditors whose claims are
small in comparison to that of the secured creditors.  The
Debtor's Schedule F listed unsecured claims amounting to
$2,032,480 while the Debtor listed secured claims in Schedule D in
the amount of $10,283,446, the vast majority of which is PBI's
claim.  The bank said the Debtor's secured claims far surmount its
unsecured claims, especially considering the amount of "unsecured
claims" from insiders and equity holders.  The Debtor does not
have any regular employees.

Nearly $1.975 million of the unsecured debt is to former and
current limited partners and a related entity, leaving roughly
$50,000 of unsecured debt to non-insiders or equity holders.

PBI is represented by:

     Bradley S. Salyer, Esq.
     MORGAN & POTTINGER, P.S.C.
     601 West Main St.
     Louisville, KY 40202
     Tel: (502) 589-2780
     Fax: (502) 560-6862
     E-mail: bss@morganandpottinger.com

          - and -

     Timothy A. Schenk, Esq.
     MORGAN & POTTINGER, P.S.C.
     2500 Eastpoint Parkway
     Louisville, KY 40223
     Tel: (502) 499-4789
     E-mail: tschenk@morganandpottinger.com

                   About Investors Capital II

Brentwood, Tennessee-based Investors Capital Partners II, LP and
two affiliates sought Chapter 11 protection (Bankr. W.D. Ky. Case
Nos. 12-11575 to 11677) in Bowling Green, Kentucky, on Dec. 19,
2012.

ICP II estimated assets of at least $10 million and liabilities of
less than $10 million.  It owns a 35-acre commercial development
near Glasgow, Kentucky. The ICP II property is home to a Marquee
Cinema, Dollar Tree, and Aaron's Rents and also consists of seven
parcels of undeveloped land.

Debtor-affiliate Investors Capital Partners I, LP owns multiple
parcels of undeveloped land near Nolensville, Tennessee.
Investors Land Partners II, LP owns partially developed land,
consisting of six adjoining parcels of real property, near
Nashville, Tennessee.

Laura Day DelCotto, Esq., and Amelia Martin Adams, Esq., at
DelCotto Law Group, PLLC, represent the Debtor as counsel.

In court filings, the Debtors said their lenders have attempted to
foreclose against the Debtors' assets, and the Debtors have been
unable to reach agreements with their lenders that would allow the
Debtors to reorganize their debts in an orderly manner; thus, the
Debtors have little option except for the development of a joint
plan to reorganize operations and restructure debts for the
benefit of all creditors and parties in interest.


IQOR HOLDINGS: S&P Affirms 'B' CCR & Removes Rating from Watch
--------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B'
corporate credit rating on iQor Holdings Inc. and removed it from
CreditWatch, where it had placed it with developing implications
on Dec. 18, 2013, following its agreement to acquire Jabil Circuit
Inc.'s aftermarket services business.  The rating outlook is
stable.

S&P also assigned a 'B' issue-level rating and '4' recovery rating
to iQor Holdings' subsidiary iQor US's proposed $630 million
first-lien term loan B and $100 million revolving credit facility.
The '4' recovery rating indicates S&P's expectation for average
(30% to 50%) recovery for lenders in the event of a payment
default.  In addition, S&P assigned a 'CCC+' issue-level rating
and '6' recovery rating to iQor US's proposed $220 million second-
lien term loan.  The 6' recovery rating indicates S&P's
expectation of negligible (0% to 10%) recovery for noteholders in
the event of a payment default.

S&P also removed the ratings on the company's existing first-and
second-lien term loans from CreditWatch, and S&P will withdraw
them upon the financing transaction's completion.

"The affirmation reflects our view of a modest improvement in
business diversity, balanced by an increased financial risk to
fund the acquisition," said Standard & Poor's credit analyst
Catherine Cosentino.

"We have reassessed our financial risk profile assessment on iQor
to "highly leveraged" from the prior "aggressive".  We do not
expect the company to achieve leverage of under 5x through at
least the end of 2015, given our expectations for its EBITDA
margins to be no better than 10%-11% over at least the next year.
However, as the company achieves its targeted synergies with the
Jabil aftermarket acquisition it will have a path to improve its
financial risk profile over the next few years," S&P said.

The outlook is stable.  S&P expects leverage to remain above 5x
for at least the next year, leading to the "highly leveraged"
financial profile.  S&P believes the company has limited ability
to materially improve its credit metrics, in light of its fairly
low profitability and unpredictable sales levels in the
aftermarket business.

While S&P considers it unlikely over the next year, it could
upgrade the company if it were to achieve and sustain an EBITDA
margin of at least 12%.  This would most likely be achieved
through a combination of integration cost savings and higher than
anticipated new aftermarket business volumes.  The latter would
need to be significant enough to offset the effect of revenue
contraction in 2014 that S&P anticipates from recent customer
churn and elimination of certain unprofitable contracts.  These
factors could contribute to a reassessment of the business risk
profile as "fair".  Combined with potential improvement in
leverage to under 5x by the end of 2014, and a financial policy
commitment that would suggest such financial improvement were
sustainable, these factors could support an upgrade.

While also unlikely, S&P could downgrade the company if it were to
experience tightened liquidity, which would likely occur if the
company were to lose several key aftermarket customers, or if its
aftermarket volumes were to materially decline beyond S&P's
assumptions for 2014.  In addition, if a downturn in business
volumes resulted in the company's leverage remaining at around
6.5x on a persistent basis, this could prompt a downgrade, even in
the absence of weakened liquidity.


ISC8 INC: DCG&T Stake at 6.3% as of Dec. 31
-------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, the Delaware Charter Guarantee & Trust
Company dba Principal Trust Company as Trustee for the ISC8 Inc
401(k) and Stock Bonus Plan disclosed that as of Dec. 31, 2013, it
beneficially owned 14,695,153 shares of common stock of ISC8 Inc.
representing 6.34 percent of the shares outstanding.  The
reporting person previously held 12,798,582 shares as of Dec. 31,
2012.  A copy of the regulatory filing is available for free at:

                        http://is.gd/7CCQ8k

                          About ISC8 Inc.

Costa Mesa, California-based ISC8 Inc. is engaged in the design,
development, manufacture and sale of a family of security
products, consisting of cyber security solutions for commercial
and U.S. government applications, secure memory products, some of
which utilize technologies that the Company has pioneered for
three-dimensional ("3-D") stacking of semiconductors, systems in a
package ("Systems in a Package" or "SIP"), and anti-tamper
systems.

The Company reported a net loss of $28.02 million on $501,000 of
revenues in fiscal year ended Sept. 30, 2013, compared with a net
loss of $19.7 million in fiscal year ended Sept 30, 2012.

The Company's balance sheet at Sept. 30, 2013 showed $4.96 million
in total assets, $60.52 million in total liabilities, and
stockholders' deficit of $55.55 million.

Squar, Milner, Peterson, Miranda & Williamson, LLP, in their audit
report on the consolidated financial statements for the year ended
Sept. 30, 2013, expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
has negative working capital of $29.7 million and a stockholders'
deficit of $55.5 million.


JC PENNEY: Bank Debt Trades at 3% Off
-------------------------------------
Participations in a syndicated loan under which JC Penney is a
borrower traded in the secondary market at 97.04 cents-on-the-
dollar during the week ended Friday, Jan. 31, 2014, according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a decrease of 1.08
percentage points from the previous week, The Journal relates.
JC Penney pays 500 basis points above LIBOR to borrow under the
facility.  The bank loan matures on April 29, 2018 and carries
Moody's B2 rating and Standard & Poor's B- rating.  The loan is
one of the biggest gainers and losers among 205 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

                         About J.C. Penney

J.C. Penney Company, Inc. is one of the U.S.'s largest department
store operators with about 1,100 locations in the United States
and Puerto Rico.

As reported in the Troubled Company Reporter on Oct. 4, 2013,
Fitch Ratings has downgraded the Issuer Default Ratings (IDRs) on
J.C. Penney Co., Inc. and J.C. Penney Corporation, Inc. to 'CCC'
from 'B-'.


JOS. A. BANK: Said to Hold Merger Talks with Eddie Bauer
--------------------------------------------------------
Michael J. De La Merced, writing for The New York Times' DealBook,
reported that as Jos. A. Bank continues to rebuff a hostile
takeover bid by Men's Wearhouse, the clothier is exploring at
least one alternative deal that would keep it independent.

According to the report, the company is in talks to buy Eddie
Bauer, the outdoor clothing retailer, according to people briefed
on the matter.

Meanwhile, Jos. A. Bank publicly released a letter to Men's
Wearhouse on Feb. 2 accusing its bigger rival of failing to
properly disclose the antitrust risks in its takeover bid, the
report said.

Both the Feb. 2 letter and the discussions with Eddie Bauer
represent the latest twists in a drama lasting months over two of
the country's biggest men's wear sellers, the report related.

Jos. A. Bank moved first by bidding $2.3 billion for its bigger
rival last fall, hoping to create a powerhouse that could better
compete with the likes of Macy's and Dillard's, the report further
related.


KEMET CORP: Incurs $5.8 Million Net Loss in Q3 Fiscal 2014
----------------------------------------------------------
KEMET Corporation reported a net loss of $5.82 million on
$207.33 million of net sales for the quarter ended Dec. 31, 2013,
as compared with a net loss of $14.25 million on $197.69 million
of net sales for the quarter ended Dec. 31, 2012.

For the nine months ended Dec. 31, 2013, the Company incurred a
net loss of $54.05 million on $617.84 million of net sales as
compared with a net loss of $56.93 million on $624.36 million of
net sales for the same period during the prior year.

The Company's balance sheet at Dec. 31, 2013, showed $862.32
million in total assets, $624.49 million in total liabilities and
$237.82 million in total stockholders' equity.

"Revenue, excluding discontinued operations, was essentially flat
compared to the prior quarter as we forecasted and it is
gratifying to see our cost reduction efforts reflected in our
financial results with positive non-GAAP earnings per share in
this challenging environment," stated Per Loof, KEMET's chief
executive officer.  "We have seen steady improvement in our
operating margins and we will continue to stay focused on our
overall cost structure to leverage our position as the economic
rebound occurs in our industry," continued Loof.

                            Quiet Period

Beginning April 1, 2014, the Company will observe a quiet period
during which the information provided in this news release and
quarterly report on Form 10-Q will no longer constitute the
Company's current expectations.  During the quiet period, this
information should be considered to be historical, applying prior
to the quiet period only and not subject to update by management.
The quiet period will extend until the day when the Company's next
quarterly earnings release is published.

A copy of the press release announcing the third quarter fiscal
year 2014 results is available for free at http://is.gd/mzwcI9

                            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."

KEMET Corp disclosed a net loss of $82.18 million on $842.95
million of net sales for the fiscal year ended March 31, 2013, as
compared with net income of $6.69 million on $984.83 million of
net sales for the year ended March 31, 2012.  For the six months
ended Sept. 30, 2013, the Company incurred a net loss of $48.23
million on $415.46 million.

                            *     *     *

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.


KEMET CORP: Tocqueville Stake at 7.7% as of Dec. 31
---------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Tocqueville Asset Management L.P. disclosed that for
calendar year 2013 it had sole dispositive power of 3,462,600
shares of common stock of KEMET Corp representing 7.7% of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/D0cJu0

                            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."

KEMET Corp disclosed a net loss of $82.18 million on $842.95
million of net sales for the fiscal year ended March 31, 2013, as
compared with net income of $6.69 million on $984.83 million of
net sales for the year ended March 31, 2012.  For the six months
ended Sept. 30, 2013, the Company incurred a net loss of $48.23
million on $415.46 million.

The Company's balance sheet at Dec. 31, 2013, showed $862.32
million in total assets, $624.49 million in total liabilities and
$237.82 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.


KRATON PERFORMANCE: Moody's Says LCY Deal is Credit Positive
------------------------------------------------------------
Moody's views Kraton Performance Polymers Inc.'s announced
agreement to combine with the styrenic block copolymer (SBC)
operations of Taiwan-based LCY Chemical Corp (LCY) as credit
positive. In exchange for the assets, LCY will obtain a 50%
interest in the combined company and debt will not increase. In
addition, the combination will broaden Kraton's scale, increase
its exposure to the faster growing Asian market and provide access
to lower cost production assets, specifically for unhydrogenated
styrene block copolymer (USBC). The aforementioned benefits of
this combination should return Kraton's credit metrics to levels
that more than fully support its Ba3 rating.

Kraton Performance Polymers, Inc., headquartered in Houston,
Texas, is a leading global producer of styrenic block copolymers
(SBCs), which are synthetic elastomers used in industrial and
consumer applications to impart favorable product characteristics
such as flexibility, resilience, strength, durability and
processability. Major end uses for Kraton's products include
personal care products, packaging and films, IR Latex, adhesives,
sealants, coatings, and compounds. Kraton also makes products that
serve the paving and roofing industries. The company generated
revenues of $1.3 billion for the LTM period ending September 30,
2013.


KRISAM GROUP: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: The Krisam Group, Inc.
          AKA Krisam Group, Inc.
          AKA Krisam Group
        P. O. Box 5079
        Walnut Creek, CA 94596

Case No.: 14-50393

Chapter 11 Petition Date: January 31, 2014

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

Judge: Hon. Charles Novack

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

                       - and -

                  Julie H. Rome-Banks, Esq.
                  LAW OFFICES OF BINDER AND MALTER, LLP
                  2775 Park Ave.
                  Santa Clara, CA 95050
                  Tel: (408) 295-1700
                  Email: julie@bindermalter.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christopher White, CEO, President &
Board Member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb14-50393.pdf


LEHMAN BROTHERS: AvalonBay Delivers Common Stock to Affiliate
-------------------------------------------------------------
AvalonBay Communities, Inc. on Jan. 29 disclosed that at the
closing of the Archstone acquisition on February 27, 2013,
AvalonBay and Equity Residential delivered to an affiliate of
Lehman Brothers Holdings, Inc., shares of common stock of
AvalonBay valued at $1.88 billion and shares of common stock of
EQR valued at $1.93 billion, respectively.  Lehman has reported
publicly in a bankruptcy court filing that, "[a]s of January 24,
2014, the combined aggregate market value of [Lehman's] remaining
holdings in EQR and AVB were approximately $582 million."

                      About Lehman Brothers

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

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

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

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

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

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

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

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

Lehman made its first payment of $22.5 billion to creditors in
April 2012, a second payment of $10.2 billion on Oct. 1, 2012,
and a third distribution of $14.2 billion on April 4, 2013.  The
brokerage is yet to make a first distribution to non-customers,
although customers are being paid in full.

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


LIGHTSQUARED INC: Gets Loan Offers From Fortress and Ergen Entity
-----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Philip Falcone's LightSquared Inc. got loan offers
from a fund owned by Fortress Investment Group LLC and an entity
linked to onetime suitor Dish Network Corp. Chairman Charlie
Ergen.

The loan proposals are superior to one from a group of
LightSquared's lenders, the report said, citing court papers filed
Jan. 24 by Fortress Credit Investments and Ergen's SP Special
Opportunities LLC in U.S. Bankruptcy Court in Manhattan.  Their
arguments were set to be considered at a Jan. 31 hearing.

LightSquared said Jan. 18 that it wants to borrow $33 million from
the ad hoc lender group, whose members would get higher priority
rights to collect on debts, the report related.

Fortress, which owns some of LightSquared's pre-bankruptcy debt,
said its revised loan offer carries the lowest of the three
interest rates, at a maximum of Libor plus 8 percent a year,
according to the report.  Libor, the London interbank offered
rate, is the rate at which banks say they can borrow from each
other.  Libor rates are currently less than 1 percent.

Special Opportunities is offering a loan with a 12 percent annual
rate while the lender group is proposing 15 percent a year,
according to court documents, the report further related.

                      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.


LOEHMANN'S HOLDINGS: Court Approves Canaccord as Investment Banker
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District for New York
authorized Loehmann's Holdings Inc. and its debtor-affiliates to
employ Canaccord Genuity Inc. as their investment banker.

According to the Troubled Company Reporter on Jan. 16, 2014,
the Debtors and the Official Committee of Unsecured Creditors
appointed in the retailer's bankruptcy case faced off over the
Debtors' request to employ Canaccord Genuity Inc. as investment
banker.  Loehmann's proposed to Canaccord nunc pro tunc to the
Dec. 15, 2013 petition date to advise the Debtors in connection
with:

   -- a Financing Transaction; and
   -- an M&A Transaction.

Canaccord Genuity will also provide investment banking services as
Canaccord Genuity and the Debtors deem appropriate in connection
with a Possible Transaction during the course of these Chapter 11
Cases, including, but not limited to, the following:

   (a) familiarizing itself to the extent it deems appropriate
       with the business, operations, financial condition, and
       prospects of the Company;

   (b) preparing an analysis and report of strategic alternatives
       for the Company and delivering and presenting such analysis
       and report to the Board of Directors of the Company;

   (c) assisting the Company's management in (i) developing (x) a
       strategy for pursuing a Possible Transaction involving the
       Company and (y) a list of possible participants in the
       Possible Transaction (it being understood that such
       participants may include parties to whom Canaccord Genuity
       has rendered or is now rendering investment banking
       services), (ii) preparing a descriptive memorandum that
       describes the Company's operations and financial condition
       and includes current financial data and other appropriate
       information or information requested by the Company,
       in each case furnished by the Company and (iii) contacting
       and eliciting interest from, and conducting financial due
       diligence on, those possible participants in a Possible
       Transaction expressly previously approved by the Company;

   (d) participating with the Company, and its counsel, and
       Financial advisors, as requested by the Company, in (i) the
       investigatory and "due diligence" review being conducted by
       any possible participant and (ii) evaluating, structuring
       and negotiating the terms and conditions of any proposed
       Possible Transaction, whether in connection with a Plan
       or otherwise;

   (e) participating in meetings of the Board of Directors of the
       Company at which the Possible Transaction is to be
       considered and, as appropriate, or as requested by the
       Company, reporting to the Board of Directors with respect
       thereto;

   (f) together with the Company, preparing for and participating
       in meetings with the Company's existing lenders, creditor
       groups, official constituencies and other interested
       parties, as necessary;

   (g) to the extent requested by the Company, assisting the
       Company in raising capital and refinancing or amending any
       of its existing debt facilities;

   (h) in the event the Company determines to commence one or more
       cases under the Bankruptcy Code in order to pursue a
       Possible Transaction or otherwise, and if requested by the
       Company, cooperating with Company's bankruptcy counsel and
       other counsel, and participating in hearings before the
       Bankruptcy Court and providing relevant testimony with
       respect to the matters described herein and arising in
       connection with any Possible Transaction or any proposed
       Plan; and

   (i) providing such other or further services as Canaccord
       Genuity and the Company agree in writing.

The Debtors and Canaccord Genuity have agreed to the following
compensation and expense structure in consideration for the
services to be rendered by Canaccord Genuity in these Chapter 11
Cases:

   -- Monthly Fees. A monthly fee in the amount of $50,000 due,
      earned and payable in advance on the first business day of
      every month thereafter (the "Monthly Fees"), until the
      termination of Canaccord Genuity's engagement pursuant to
      Section 5. 100% of the Monthly Fees will be credited once
      against a Financing Fee or M&A Fee that is payable under
      this letter agreement.  For the avoidance of doubt, the
      amount of Monthly Fees credited cannot exceed the aggregate
      amount of all such fees paid to Canaccord Genuity.

   -- Financing Transaction. Upon the earlier of the consummation
      of a Financing Transaction and the entry of a Bankruptcy
      Court Order authorizing a Financing Transaction, a fee (the
      "Financing Fee") paid to Canaccord Genuity calculated by
      multiplying the applicable fee percentage by the total gross
      proceeds raised or committed pursuant to an executed final
      definitive agreement as set forth below:

         Funds Raised                       Fee %
         ------------                       -----
         Senior Secured Debt                1.25%
         Junior Secured or Unsecured Debt   3.50%
         Common Equity                      6.00%

      Notwithstanding the foregoing, Canaccord Genuity will not
      earn a Financing Fee in the event that Whippoorwill
      Associates, Inc., The Alpine Group, Inc. or the Agent is the
      lender under any debtor in possession financing facility.

   -- M&A Transaction. Upon the earlier of the consummation of a
      M&A Transaction and the entry of a Bankruptcy Court Order
      authorizing the consummation of any M&A Transaction, a fee
      (the "M&A Fee") paid to Canaccord Genuity equal to $400,000
      if Aggregate Consideration is in an amount equal to the
      actual amount sum of cash borrowed (i) principal, (ii)
      interest, (iii) letters of credit by the Company and (iv)
      the Agent's professional fees, in each case outstanding and
      unpaid under the Credit Agreement as of the date that the
      M&A Transaction is consummated (the "Baseline").  In
      addition, the M&A Fee shall be increased by an additional
      amount equal to the product of the applicable fee percentage
      set forth below multiplied by the total Aggregate
      Consideration in such M&A Transaction in excess of the
      Baseline:

         Aggregate Consideration             Fee
         -----------------------             ---
         $0 to $15 million                   2.5%
         $15 million to $30 million          5.0%
         Greater than $30 million            7.5%

   -- The fee payable to Canaccord Genuity upon consummation of a
      Possible Transaction will be payable in full, in cash, upon
      the earlier of the consummation of a Possible Transaction
      and the entry of a Bankruptcy Court Order approving a
      Possible Transaction.

      For purposes of this Agreement, "Aggregate Consideration"
      shall mean the cumulative value of the M&A Transaction,
      representing the total value of the Company implied by the
      sum of all cash paid or payable and the fair market value of
      all property or securities transferred or transferable
      directly or indirectly, in connection with a Transaction,
      including (i) cash amounts paid or securities issued to
      holders of shares of capital stock or of any warrants,
      options or stock appreciation rights, whether or not vested,
      or other securities convertible or exchangeable for any
      shares of capital stock; (ii) the total amount of
      indebtedness for borrowed money or similar non-trade
      liabilities or obligations repaid, retired, extinguished or
      assumed in connection with a Transaction; (iii) the value of
      any performance payments, equity incentives, cash bonus
      plans or other similar arrangements established in
      connection with a Transaction; (iv) the value of any
      dividends or other distributions to stockholders or
      affiliates, declared or paid after the date of this
      Agreement, other than normal recurring cash dividends in
      amounts not materially greater than currently paid;
      and (v) amounts paid by the Company to repurchase any of its
      securities outstanding on the date hereof. In the case of an
      acquisition of substantially all of the Company's assets,
      Aggregate Consideration shall include the net value of any
      current assets not sold by the Company, if being understood
      that net value cannot result in a negative number that
      reduces Aggregate Consideration.  In the case of a confirmed
      Plan, Aggregate Consideration shall include the enterprise
      value of the reorganized entities, as agreed to by the
      Company and Canaccord Genuity or as otherwise determined by
      the Bankruptcy Court, in addition to cash on the Company's
      balance sheet on the confirmation hearing date of the Plan.

      For purposes of calculating Aggregate Consideration: (i) in
      a M&A Transaction involving the sale or transfer, directly
      or indirectly, of 50% or more of the outstanding common
      stock or other equity interest in, or assets of, the
      Company, Aggregate Consideration shall be calculated as if
      100% of the outstanding common stock or other equity
      interest in, or assets of, the Company were sold or
      transferred for the same amount paid in such M&A
      Transaction; (ii) the value of any security issuable in
      connection with a M&A Transaction will be determined, if a
      publicly-traded security, on the basis of the average of the
      closing prices for the 20 trading days prior to the closing,
      or, if the security is not freely tradable on the basis of
      the fair market value of such security at closing as
      determined in good faith by Canaccord Genuity; and (iii) the
      value of any property transferred in connection with a M&A
      Transaction will be determined on the basis of the fair
      market value of such property at closing as determined in
      good faith by Canaccord Genuity.

      Amounts paid into escrow, installment payments and
      contingent payments in connection with a Possible
      Transaction shall be included as part of Aggregate
      Consideration.  Fees on amounts paid into escrow will be
      payable upon establishment of such escrow and fees on
      installment payments will be payable at closing.  In the
      event the consideration to be paid in a Possible Transaction
      may be increased by payments related to future events, the
      portion of the applicable fee relating to such contingent
      payments will be calculated and paid if and when such
      contingent payments are made.

      If, in connection with a Possible Transaction that is not
      completed, the Company receives a break-up fee, topping fee,
      liquidated damages or other termination fee or payment
      (collectively, a "Termination Fee"), the Company will pay
      Canaccord Genuity a fee equal to 25% of such Termination Fee
      at the time such Termination Fee is received by the Company.

Geoffrey A. Richards, head of the U.S. Special Situations &
Restructuring Group at Canaccord Genuity 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.

                       Committee's Objection

Shortly after the Debtors filed the Application, the Committee's
professionals engaged the Debtors' advisors in discussions to
better understand the Application and its impact on the cases
given certain inconsistencies and ambiguities within the
Application.  As of the filing of this Objection, only one issue
remains open to dispute: under the Application, Canaccord's
success fee would include cure costs as if all underlying leases
will be assumed, when that conclusion is far from certain at this
juncture.

The Committee does not object to the retention of Canaccord or the
award of a success fee in connection with an M&A Transaction. The
Committee does, however, object to including contingent cure
obligations in the calculation of Canaccord's success fee.
Although the purchaser of the Debtors' lease designation rights
may agree to assume some or the entire Debtors' cure obligations,
those amounts will only be due and payable if and when leases are
actually assumed and assigned.  Until then, cure amounts are
contingent liabilities that may never be paid in full or at all.
Rather, the cure amounts may ultimately be included in general
unsecured pre-petition claims asserted by landlords.  Unless and
until leases are actually assumed and assigned, the relevant cure
amounts should not be included in the calculation of Canaccord's
success fee.

Canaccord Genuity can be reached at:

       Geoffrey A. Richards
       CANACCORD GENUITY INC.
       350 Madison Avenue
       New York, NY 10017
       Tel: (212) 849-3919
       E-mail: grichards@canaccordgenuity.com

                        About Loehmann's

Discount retailer Loehmann's Holdings Inc., and two affiliates
sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No.
13-14050) on Dec. 15, 2013.

This is Loehmann's third bankruptcy filing, but this time it will
be a liquidation with going-out-of-business sales.

The first bankruptcy was a 14-month Chapter 11 reorganization
completed in September 2000.  At the time the chain had 44 stores
in 17 states.  The second bankruptcy culminated in a
reorganization plan implemented in March 2011.  It was acquired by
Istithmar in July 2006 in a $300 million transaction.

Loehmann's, based in the Bronx borough of New York City, operated
39 stores in 11 states as of the 2013 bankruptcy filing.

In the new Chapter 11 case, Loehmann's disclosed assets and debt
both totaling $96.7 million.  The debt includes $4.3 million on a
first-lien credit agreement with Wells Fargo Bank NA as agent, not
including about $9 million in letters of credit.

Kristopher M. Hansen, Esq., at Stroock & Stroock & Lavan LLP,
serves as counsel to the Debtors; Canaccord Genuity Inc. is the
investment banker; Clear Thinking Group LLC is the restructuring
advisor; and Epiq Bankruptcy Solutions LLC is the claims and
notice agent.

On Dec. 23, 2013, the Office of the United States Trustee for
Region 2 appointed the Committee, consisting of C2 Imaging LLC,
DDR Corp., Fownes Brothers & Co., Juicy Couture, National Retail
Consolidators, Regency Centers L.P., and Rutherford JV.  On Dec.
30, 2013, Fownes Brothers & Co. resigned from the Committee.  On
Jan. 2, 2014, the U.S. Trustee filed a notice adding CHL Design
Forum Ltd. to the Committee.  The Committee selected James S.
Carr, Esq., Robert L. LeHane, Esq., and Benjamin D. Feder, Esq.,
at Kelley Drye & Warren LLP as its proposed legal advisors and FTI
Consulting, Inc. as its financial advisors.

Loehmann's held auctions on Jan. 3 and 4, 2014.  A joint venture
among SB Capital Group LLC, Tiger Capital Group LLC and A&G Realty
Partners LLC acquired the rights to conduct going-out-of-business
sales by buying inventory, furniture, fixtures, accounts
receivable and cash.  They bid $19 million.

Madison Capital Holdings LLC won the auction for the lease-
designation rights, and can look for other retailers to take over
Loehmann's leases.  Esopus Creek Advisors LLC won the auction for
intellectual property.

Loehmann's hasn't disclosed the size of the winning bids,
according to Bloomberg News.

On Jan. 7, 2014, the U.S. Bankruptcy Court authorized the joint
venture of SB Capital, Tiger Capital and A & G Realty to conduct
"Going Out of Business" sales in each of Loehmann's 39 locations
in 11 states and the District of Columbia.  The GOB sales began
Jan. 9.


LONE PINE: Cuts Debt to C$90 Million, Emerges from Bankruptcy
-------------------------------------------------------------
Lone Pine Resources Inc. on Jan. 31 announced the successful
completion of its previously announced financial restructuring and
its emergence from creditor protection under the Companies'
Creditors Arrangement Act and Chapter 15 of the U.S. Bankruptcy
Code.  As a result of the restructuring, Lone Pine has reduced its
long term debt from approximately Cdn$395 million as of
September 25, 2013 to approximately Cdn$90 million at emergence.

In connection with completion of the restructuring, Lone Pine has
ceased to be a reporting issuer in Canada, and has filed a Form 15
with the U.S. Securities and Exchange Commission suspending its
reporting obligations under the Securities Exchange Act of 1934,
as amended.

                     About Lone Pine Resources

Calgary, Canada-based Lone Pine Resources Inc. is an independent
oil and gas exploration, development and production company with
operations in Canada.  The Company's reserves, producing
properties and exploration prospects are located in the provinces
of Alberta, British Columbia and Quebec, and in the Northwest
Territories.  The Company is incorporated under the laws of the
State of Delaware.

Lone Pine entered bankruptcy protection in Canada on Sept. 25,
2013, under the Companies' Creditors Arrangement Act and received
an initial protection order from an Alberta court the same day.
Lone Pine Resources simultaneously filed for Chapter 15 protection
in Delaware in the United States (Bankr. D. Del. Case No. 13-
12487) to seek recognition of the CCAA proceedings.

Lone Pine, LPR Canada and all other subsidiaries of the Company
are parties to the CCAA and Chapter 15 proceedings.

Lone Pine is being advised by RBC Capital Markets, Bennett Jones
LLP, Vinson & Elkins LLP and Richards Layton & Finger P.A. in
connection with the restructuring, with Wachtell, Lipton, Rosen &
Katz LLP providing independent advice to the Company's board of
directors.  The Supporting Noteholders are being advised by
Goodmans LLP and Stroock & Stroock & Lavan LLP.

Lone Pine's plan of reorganization is a debt-for-equity swap that
would allow it to shed $195 million in bond debt.  Noteholders are
to receive 100 percent ownership of the new common stock.  The
existing $180 million secured bank credit will be paid in full
with proceeds from a new asset-backed loan.  General unsecured
creditors will share a $700,000 fund.  Current equity holders are
being wiped out.


LOS GATOS HOTEL: Disclosure Statement Hearing Today
---------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of California
will convene a hearing today, Feb. 3, 2014, at 02:30 PM, to
consider approval of Debtor Los Gatos Hotel Corporation's Amended
Disclosure Statement explaining its Amended Chapter 11 Plan.

                       About Los Gatos Hotel

San Jose, California-based Los Gatos Hotel Corporation, dba Hotel
Los Gatos, was formed in 2000 to build and operate Hotel Los
Gatos, a full-service boutique hotel in downtown Los Gatos,
California.

Los Gatos Hotel filed for Chapter 11 bankruptcy protection on
December 27, 2010 (Bankr. N.D. Cal. Case No. 10-63135).  The
Debtor disclosed $17,191,277 in assets and $12,896,468 in
liabilities as of the Chapter 11 filing.  Affiliate Blossom Valley
Investors, Inc., filed a separate Chapter 11 petition on September
10, 2009 (Bankr. N.D. Cal. Case No. 09-57669).

Jeffry A. Davis, Esq., at Mintz Levin Cohn Ferris Glovsky Popeo,
serves as the Debtor's bankruptcy counsel.  The Debtor has tapped
OSAS Inc. as financial advisor and investment banker.


MAGED ZAKY: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Maged Zaky Nessim, D.D.S., Inc.
           dba The Oral Health Institute
        3440 Atlantic Ave., Suite A
        Los Angeles, CA 90807

Case No.: 14-11937

Chapter 11 Petition Date: January 31, 2014

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

Judge: Hon. Thomas B. Donovan

Debtor's Counsel: Elaine Nguyen, Esq.
                  WEINTRAUB & SELTH APC
                  11766 Wilshire Blvd Ste 1170
                  Los Angeles, CA 90025
                  Tel: 310-207-1494
                  Fax: 310-442-0660
                  Email: elaine@wsrlaw.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Maged Zaky Nessim, president.

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


MASTER AGGREGATES: Court Approves Charles Cuprill as Attorney
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico
authorized Master Aggregates Toa Baja Corporation to employ
Charles A. Cuprill, P.S.C., Law Offices, as attorneys.

As reported on Troubled Company Reporter on Dec. 18, 2013, the law
firm will be paid on the basis of a $10,000 retainer against which
the firm will bill on the basis of:

     $350 per hour, plus expenses, for work performed or to be
                    performed by Charles A. Cuprill-Hernandez,
                    Esq.;

     $225 per hour for any senior associate;

     $150 per hour for junior associates; and

      $85 per hour for paralegals.

The firm assured the Court that it 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.

Master Aggregates Toa Baja Corporation filed a Chapter 11 petition
(Bankr. D.P.R. Case No. 13-10305) in Old San Juan, Puerto Rico on
Dec. 11, 2013.  Charles Alfred Cuprill, Esq., at Charles A
Cuprill, PSC Law Office, in San Juan, serves as counsel. The
Debtor disclosed $11,125,939 in assets and $10,148,437 in
liabilities.


MASTER AGGREGATES: Hires Carrasquillo as Financial Consultant
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico
authorized Master Aggregates Toa Baja Corporation to employ to
employ CPA Luis R. Carrasquillo & Co., P.S.C., as financial
consultant to assist it in the financial restructuring of its
affairs by providing advice in strategic planning and the
preparation of the Debtor's plan of reorganization and disclosure
statement, determination of the Debtor's assets, and participating
in the Debtor's negotiations with creditors and parties-in-
interest.

As reported in the Troubled Company Reporter on Dec. 18, 2013, the
firm will be paid on the basis of a $12,500 advance, against which
the firm will bill as per the hourly billing rates of its
professionals.

The firm assured the Court that it 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.

Master Aggregates Toa Baja Corporation filed a Chapter 11 petition
(Bankr. D.P.R. Case No. 13-10305) in Old San Juan, Puerto Rico, on
Dec. 11, 2013.  Charles Alfred Cuprill, Esq., at Charles A
Cuprill, PSC Law Office, in San Juan, serves as counsel. The
Debtor disclosed $11,125,939 in assets and $10,148,437 in
liabilities.


MCCLATCHY CO: BlackRock Stake at 6.3% as of Dec. 31
---------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, BlackRock, Inc., disclosed that as of
Dec. 31, 2013, it beneficially owned 3,858,227 shares of Class A
common stock of McClatchy Co representing 6.3 percent of the
shares outstanding.  BlackRock previously owned 6,358,615 shares
of Class A common stock as of April 30, 2013.  A copy of the
regulatory filing is available for free at:

                        http://is.gd/zXnFwq

                     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 Sept. 29, 2013, showed $2.60 billion in total assets,
$2.54 billion in total liabilities and $60.25 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.


METEX MFG: Hires Logan & Company as Balloting and Tabulation Agent
------------------------------------------------------------------
Metex Mfg. Corporation seeks permission from the U.S. Bankruptcy
Court for the Southern District of New York to employ Logan &
company, Inc. as balloting and tabulation agent, nunc pro tunc to
Jan. 1, 2014.

The Debtor seeks to retain Logan & Company to provide the
following bankruptcy administrative services:

   (a) tabulate votes and perform subscription services as may be
       requested or required in connection with the Plan;

   (b) provide ballot reports and related balloting and tabulation
       services to the Debtor and its professionals;

   (c) generate an official ballot certification and testify, if
       necessary, in support of the ballot tabulation results; and

   (d) perform such other ministerial and administrative services
       in connection with the foregoing as may be requested by the
       Debtor that are not otherwise allowed under the Section
       156(c) Order.

Logan & Company will be paid at these hourly rates:

       Principal (Kate Logan)                   $297
       Court Testimony (if required)            $325
       Senior Consultant                        $225
       Statement & Schedule Preparation         $220
       Account Executive Support                $205
       Public Website Design & Maintenance      $205
       Programming Support                      $165
       Project Coordinator                      $140
       Quality Control and Audit                $77
       Data Entry                               $77
       Clerical                                 $50

Logan & Company will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Kathleen M. Logan, president of Logan & Company, 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.

The Court for the Southern District of New York will hold a
hearing on the application on Feb. 20, 2014, at 11:00 a.m.
Objections, if any, are due Feb. 13, 2014, at 4:00 p.m.

Logan & Company can be reached at:

       Kathleen M. Logan
       LOGAN & COMPANY, INC.
       546 Valley Road, Second Floor
       Upper Montclair, NJ 07043
       Tel: (973) 509-3190
       Fax: (973) 509-3191
       E-mail: klogan@loganandco.com

                         About Metex

Great Neck, New York-based Metex Mfg. Corporation, formerly known
as Kentile Floors, Inc., started business in the late 1800's as a
manufacturer of cork tile, and thereafter progressed to making
composite tile for commercial and residential use.

Metex filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y.
Case No. 12-14554) on Nov. 9, 2012.  The petition was signed by
Anthony J. Miceli, president.  The Debtor estimated its assets and
debts at $100 million to $500 million.  Judge Burton R. Lifland
presides over the case.

Paul M. Singer, Esq., and Gregory L. Taddonio, Esq., at Reed Smith
LLP, in Pittsburgh, Pa.; and Paul E. Breene, Esq., and Michael J.
Venditto, Esq., at Reed Smith LLP, in New York, N.Y., represent
the Debtor as counsel.


MGM RESORTS: Janus Capital Cuts Stake to 2.4% as of Dec. 31
-----------------------------------------------------------
Janus Capital Management LLC disclosed in an amended Schedule 13G
filed with the U.S. Securities and Exchange Commission that as of
Dec. 31, 2013, it beneficially owned 11,579,165 shares of common
stock of MGM Resorts International representing 2.4 percent of the
shares outstanding.  Janus Capital previously owned 47,560,483
common shares or 9.7 percent equity stake as of Dec. 31, 2011.
A copy of the regulatory filing is available for free at:

                        http://is.gd/swhWbp

                         About MGM Resorts

MGM Resorts International (NYSE: MGM) --
http://www.mgmresorts.com/-- has significant holdings in gaming,
hospitality and entertainment, owns and operates 15 properties
located in Nevada, Mississippi and Michigan, and has 50 percent
investments in four other properties in Nevada, Illinois and
Macau.

MGM Resorts reported a net loss attributable to the Company of
$1.76 billion in 2012 as compared with net income attributable to
the Company of $3.11 billion in 2011.  As of Sept. 30, 2013, the
Company had $25.65 billion in total assets, $17.83 billion in
total liabilities and $7.82 billion in total stockholders' equity.

                        Bankruptcy Warning

"We have a significant amount of indebtedness maturing in 2015 and
thereafter.  Our ability to timely refinance and replace such
indebtedness will depend upon the foregoing as well as on
continued and sustained improvements in financial markets.  If we
are unable to refinance our indebtedness on a timely basis, we
might be forced to seek alternate forms of financing, dispose of
certain assets or minimize capital expenditures and other
investments.  There is no assurance that any of these alternatives
would be available to us, if at all, on satisfactory terms, on
terms that would not be disadvantageous to us, or on terms that
would not require us to breach the terms and conditions of our
existing or future debt agreements."

"Our ability to comply with these provisions may be affected by
events beyond our control.  The breach of any such covenants or
obligations not otherwise waived or cured could result in a
default under the applicable debt obligations and could trigger
acceleration of those obligations, which in turn could trigger
cross defaults under other agreements governing our long-term
indebtedness.  Any default under our senior credit facility or the
indentures governing our other debt could adversely affect our
growth, our financial condition, our results of operations and our
ability to make payments on our debt, and could force us to seek
protection under the bankruptcy laws," the Company said in its
annual report for the year ended Dec. 31, 2012.

                           *     *     *

As reported by the TCR on Nov. 14, 2011, Standard & Poor's Ratings
Services raised its corporate credit rating on MGM Resorts
International to 'B-' from 'CCC+'.   In March 2012, S&P revised
the outlook to positive from stable.

"The revision of our rating outlook to positive reflects strong
performance in 2011 and our expectation that MGM will continue to
benefit from the improving performance trends on the Las Vegas
Strip," S&P said.

In March 2012, Moody's Investors Service affirmed its B2 corporate
family rating and probability of default rating.  The affirmation
of MGM's B2 Corporate Family Rating reflects Moody's view that
positive lodging trends in Las Vegas will continue through 2012
which will help improve MGM's leverage and coverage metrics,
albeit modestly. Additionally, the company's declaration of a $400
million dividend ($204 million to MGM) from its 51% owned Macau
joint venture due to be paid shortly will also improve the
company's liquidity profile. The ratings also consider MGM's
recent bank amendment that resulted in about 50% of its
$3.5 billion senior credit facility being extended one year from
2014 to 2015.

As reported by the TCR on Oct. 15, 2012, Fitch Ratings has
affirmed MGM Resorts International's (MGM) Issuer Default Rating
(IDR) at 'B-' and MGM Grand Paradise, S.A.'s (MGM Grand Paradise)
IDR at 'B+'.


MNJL LLC: Voluntary Chapter 11 Case Summary
-------------------------------------------
Debtor: MNJL, LLC
        12819 S Alameda St
        Compton, CA 90222

Case No.: 14-11748

Chapter 11 Petition Date: January 30, 2014

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

Judge: Hon. Vincent P. Zurzolo

Debtor's Counsel: Lee H Durst, Esq.
                  THE JUSTICE LAW CENTER
                  637 E Albertoni St Ste 108
                  Carson, CA 90746
                  Tel: 310-366-5800

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Eva Plancarte, CEO.

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


MO MONEY: "Gavin" Suit Sent to E.D. Texas District Court
--------------------------------------------------------
Bankrutpcy Judge Brenda T. Rhoades issued a Report and
Recommendation dated Jan. 29, 2014, recommending that the District
Court for the Eastern District of Texas withdraw the reference of
the adversary proceeding, WILLIE GARVIN, Plaintiff, v. DONALD
REID, DANIEL BRUSH AND MO MONEY, LLC Defendants, Adv. Proc. No.
13-05008 (Bankr. E.D. Tex.), pursuant to 28 U.S.C. Sec. 157(d) and
that the adversary proceeding proceed to trial before the district
court.

In December 2013, the Plaintiff sought an order withdrawing the
district court's General Order 84-14, Order of Reference of
Bankruptcy Cases and Proceedings as it relates to the adversary
proceeding in accordance with Federal Rule of Bankruptcy Procedure
5011.  Defendant Donald Reid and Daniel Brush objected.

On Jan. 21, 2014, the Court held a hearing on the Motion at which
there appeared Willie Garvin, Donald Reid, Daniel Brush, and Mo
Money, LLC by and through their respective counsel of record.  At
the hearing, the Parties announced an agreement as to the Motion.
After due deliberation upon all of the matters submitted, and
based upon the agreement of the Parties, the Court finds that Mr.
Garvin is entitled to a trial by jury in this proceeding, which he
has not by any act or omission to date waived; and that Mr. Garvin
does not consent to conduct a trial by jury in the bankruptcy
court.

A copy of the Bankruptcy Court's Jan. 29, 2014 Report and
Recommendation is available at http://is.gd/VqGsi6from
Leagle.com.

Mo Money LLC filed a Chapter 11 petition (Bankr. E.D. Tex. Case
No. 13-50098) in 2013.


MONTREAL MAINE: Wrongful Death Claimants File Chapter 11 Plan
-------------------------------------------------------------
Chicago law firm, Meyers & Flowers, on Jan. 29 disclosed that the
Unofficial Committee of Wrongful Death Claimants in the Montreal,
Maine & Atlantic Railway (MMA) Chapter 11 bankruptcy case filed a
plan on Jan. 29.  A key element of the plan is the appointment of
former U.S. Senator George J. Mitchell as the Plan Fiduciary.  MMA
filed for bankruptcy after one of its trains derailed and exploded
in Lac-M'gantic, Quebec on July 6, 2013.

The bankruptcy court has approved the sale of the railroad, with
the closing expected in March.  The trains will keep running, but
no money is being set aside for the victims.  Insurance coverage
of at least $25 million is available, and negotiations are
continuing with the insurance company and other stakeholders.  It
is hoped that with Senator Mitchell's leadership, a consensual
negotiation of all outstanding issues can be achieved to allow for
a prompt distribution to those tragically affected by this
accident.

Senator Mitchell is renowned for his leadership in bringing
opposing parties together in agreement.  He helped broker a peace
agreement in Northern Ireland, which earned him the Presidential
Medal of Freedom. He was also instrumental in Middle East peace
negotiations and in leading the investigation of Major League
Baseball regarding performance enhancing drugs.

"Knowing of Senator Mitchell's record in this regard, we think he
can help break the bankruptcy logjam," said Peter Flowers, whose
Chicago law firm, along with attorneys Jason Webster and
Mitchell A. Toups, represents the Unofficial Committee.

The proposed plan provides for the insurer to settle, or else to
turn over a portion of the policy proceeds to the MMA's bankruptcy
estate.  The plan includes a split of insurance proceeds whereby
75% would be distributed to claims for wrongful death and personal
injury claims, which would be paid through the chapter 11 case,
and 25% would be distributed to property damage claimants through
the Canadian insolvency proceeding of MMA's Canadian subsidiary.

"The idea," explained Mr. Flowers, "is to get this done quickly by
dividing responsibility between the U.S. and Canadian cases rather
than have a tug of war.  We hope Senator Mitchell can help rally
support for a compromise."

                       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, led by Michael A. Fagone, Esq.
Development Specialists, Inc., serves as the Chapter 11 trustee's
financial advisor.  Gordian Group, LLC, serves as the Chapter 11
Trustee's investment banker.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana served as counsel
to MM&A.  It now serves as counsel to the Chapter 11 Trustee.

Justice Martin Castonguay oversees the case in Canada.

The Canadian Transportation Agency suspended the carrier's
operating certificate after the accident, due to insufficient
liability coverage.

The town of Lac-Megantic, Quebec, has sought financial aid to
restore the gutted community and a civil complaint alleges a
failure to take steps to prevent a derailment.

In the Canadian case, Andrew Adessky at Richter Consulting has
been appointed CCAA monitor.  The CCAA Monitor is represented by
Sylvain Vauclair at Woods LLP.

MM&A Canada is represented by Patrice Benoit, Esq., at Gowling
LaFleur Henderson LLP.

The U.S. Trustee appointed a four-member official committee of
derailment victims.  The Official Committee is represented by:
Richard P. Olson, Esq., at Perkins Olson; and Luc A. Despins,
Esq., at Paul Hastings LLP.

There's also an unofficial committee of wrongful death claimants
consisting of representatives of the estates of the 46 victims.
This group is represented by George W. Kurr, Jr., Esq., at Gross,
Minsky & Mogul, P.A.; Daniel C. Cohn, Esq., at Murtha Cullina LLP;
Peter J. Flowers, Esq., at Meyers & Flowers, LLC; Jason C.
Webster, Esq., at The Webster Law Firm; and Mitchell A. Toups,
Esq., at Weller, Green Toups & Terrell LLP.

After the U.S. Trustee formed the Official Committee, the ad hoc
committee filed papers asking the U.S. Court to have the official
committee disbanded.  The ad hoc group said it represents 46
victims of the disaster.

On Jan. 23, 2014, the Debtors won authorization to sell
substantially all of their assets to Railroad Acquisition Holdings
LLC, an affiliate of New York-based Fortress Investment Group, for
$15.7 million.  The Bankruptcy Courts in the U.S. and Canada
approved the sale.

The Fortress unit is represented by Terence M. Hynes, Esq., and
Jeffrey C. Steen, Esq., at Sidley Austin LLP.


NEW LIFE MASONRY: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: New Life Masonry & Waterproofing Inc.
        481 Valleybrook Ave.
        Lyndhurst, NJ 07071

Case No.: 14-11500

Chapter 11 Petition Date: January 29, 2014

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

Judge: Hon. Donald H. Steckroth

Debtor's Counsel: David L. Stevens
                  SCURA, WIGFIELD, HEYER & STEVENS, LLP
                  1599 Hamburg Turnpike
                  Wayne, NJ 07470
                  Tel: 973-696-8391
                  Email: dstevens@scuramealey.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Marcelo Queiroz, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb14-11500.pdf


NII HOLDINGS: BlackRock Stake at 7.9% as of Dec. 31
---------------------------------------------------
BlackRock, Inc., disclosed in a Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of Dec. 31, 2013, it
beneficially owned 13,687,403 shares of common stock of NII
Holdings Inc. representing 7.9 percent of the shares outstanding.
A copy of the regulatory filing is available for free at:

                        http://is.gd/w2Azs7

                         About NII Holdings

With headquarters in Reston, Virginia, NII Holdings is an
international wireless operator with more than 7 million largely
post-pay, business subscribers.

                             *   *    *

As reported by the TCR on Jan. 14, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on Reston, Va.-based
wireless service provider NII Holdings Inc. (NII) to 'CCC+' from
'B-'.  "The downgrade is based on NII's weak operating and
financial performance and our view that the company's financial
commitments may be unsustainable over the next few years, although
liquidity should remain 'adequate' in 2014," said Standard &
Poor's credit analyst Allyn Arden.

In the Feb. 8, 2013, edition of the TCR, Moody's Investors Service
downgraded the corporate family rating of NII Holdings Inc. to B2
from B1.  The downgrade reflects Moody's expectations that the
company's operating performance will remain weak for longer than
originally expected due primarily to delays in deploying a 3G
network. Increasing price competition and depreciating local
currencies are exacerbating NII's challenges.


NNN PARKWAY 400 26: Court Issues Amended Memorandum Rejecting Plan
------------------------------------------------------------------
Bankruptcy Judge Theodor C. Albert issued an Amended Memorandum of
Decision denying confirmation of the Chapter 11 plan of NNN
Parkway 400 26 LLC and its 30 debtor affiliates, and granting the
lender relief from the automatic stay.

Each of the Debtors owns undivided tenancies in common in the
property commonly known as 11720 and 11800 Amber Park Drive,
Alpharetta, Georgia.  The property is improved by office buildings
which have been partially leased.  The debtor TICs each hold a
percentage ownership in the property, aggregating approximately
86%.  There are at least four tenants in common owning the
remaining 14% which are not debtors.  By earlier order these cases
are administratively consolidated.

The plan is opposed by the major creditor in the case WBCMT 2007-
C31 Amberpark Office Limited Partnership.  The lender is owed
about $27 million secured by a first mortgage on the property.
The lender had actually foreclosed on the property January 3, 2013
but was prevented from consummating that foreclosure by the
Chapter 11 petition of the lead debtor, NNN Parkway 400 26, LLC
representing about a 2.3% ownership of the property.  Despite its
serious misgivings voiced at the time, the court reluctantly found
that, under the teaching of Harsh Investment Co. v. Bialac (In re
Bialac), 712 F.2d 426 (9th Cir. 1983), the foreclosure was stayed
not only as to the lead debtor but as to all of the other TICS as
well because reciprocal rights of redemption from the lender's
claim were a form of "property of the estate" which would be
destroyed by the foreclosure.  Consequently, under Ninth Circuit
law the foreclosure sale as to the TICS other than the lead debtor
was not just voidable, it was void, and so the sale was unwound by
the lender. The initial petition was then followed by petitions
from the other thirty debtor TICs. This matter first came on for
hearing on attempted confirmation of the debtor TICs' plan of
reorganization and lender's motion for relief of stay December 19,
2013. Those motions were considered together with motions to value
the property and to dismiss. In anticipation of that hearing the
court published its tentative decision December 18, 2013 wherein
the court outlined several areas of concern it had over the
confirmability of the plan.

According to Judge Albert, the absolute priority rule and market
testing issue, the separate classification and the fact that there
may in good faith not be even a single consenting impaired class
not involving insiders, and the question of just how the debtor
TICs propose legally to control the non-consenting, non-debtor
TICs in return for the new money absent protracted litigation, are
all formidable barriers to confirmation.  None of these barriers
appear to be of the sort where the debtor TICs might be able to
resolve them within the near future, thereby justifying more time.
This case (at least as to the lead debtor) has now been pending
for over one year and the court sees no practical end in sight.
Therefore, the court sees no basis for further delay of the lender
under 11 U.S.C. Sec. 362(d)(2) as there is no reorganization "in
prospect," Judge Albert said, citing United Sav'n Assoc. of Texas
v. Timbers of Inwood Forest Assocs., 484 U.S. 365, 376, 108 S.Ct.
626, 633 (1988).

The Court added that the motion for dismissal of the case is
deemed withdrawn.

A copy of Judge Albert's Jan. 28, 2014 Amended Memorandum of
Decision is available at http://is.gd/36UOTofrom Leagle.com.

                   About NNN Parkway 400 26 LLC

NNN Parkway 400 26, LLC, filed a bare-bones Chapter 11 petition
(Bankr. C.D. Calif. Case No. 12-24593) in Santa Ana, California,
on Dec. 31, 2012.  Dana Point, California-based NNN Parkway
estimated assets and debts of $10 million to $50 million.  The
Hon. Judge Theodor Albert presides over the case.  The Law
Office of Christine E. Baur, and David A. Lee, Esq., at Weiland,
Golden, Smiley, Wang Ekvall & Strok, LLP, represent the Debtor.

Pre-petition, the Debtors retained HighPoint Management Solutions,
LLC, a bankruptcy consulting company, as a manager of the Debtors,
and HighPoint's President, Mr. Mubeen Aliniazee, as the Debtors'
Restructuring Officer, to assist the Debtors in their compliance
with the Chapter 11 bankruptcy process.

The Debtors' primary asset is a commercial real property commonly
known as Parkway 400, which is a two-building office campus
totaling approximately 193,281 square feet located at 11720 Amber
Park Drive and 11800 Amber Park Drive, Alpharetta, Georgia.  The
Debtors hold a concurrent ownership interest in the Property with
other tenant-in-common investors and the sponsor, NNN Parkway 400,
LLC.


NORCROSS LODGING: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Norcross Lodging Associates, LLP
           dba Norcross Inn & Suites
        120 S. Tibbs Avenue
        Indianapolis, IN 46241

Case No.: 14-00626

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Hon. James K. Coachys

Debtor's Counsel: Jeffrey M. Hester, Esq.
                  TUCKER HESTER BAKER & KREBS, LLC
                  One Indiana Square, Suite 1600
                  Indianapolis, IN 46204-1816
                  Tel: 317-833-3030
                  Fax: 317-833-3031
                  Email: jhester@thbklaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mohan Hari, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/insb14-626.pdf


OCEANIA CRUISES: S&P Alters Outlook to Pos. & Rates $249MM Loan B+
------------------------------------------------------------------
Standard & Poor's Ratings Services revised its 'B' rating outlook
on Miami-based cruise line operator Oceania Cruises Inc. to
positive from stable.

At the same time, S&P assigned the company's proposed $249 million
first-lien senior secured term loan due 2020 its 'B+' issue-level
rating (one notch above S&P's 'B' corporate credit rating on the
company), with a recovery rating of '2', indicating S&P's
expectation for substantial (70% to 90%) recovery for lenders in
the event of a payment default.

In addition, S&P revised its recovery rating on the existing
$75 million revolver due 2018 to '2' (70%-90% recovery
expectation) from '3' (50%-70% recovery expectation).  S&P
subsequently raised its issue-level rating on this debt to 'B+'
from 'B', in line with the issue-level rating on the proposed term
loan, and in accordance with its notching criteria.

The positive outlook revision reflects anticipated improvement in
consolidated leverage measures at parent Prestige Cruise Holdings
Inc. resulting from debt repayment and good anticipated operating
performance at both Oceania and its affiliate Seven Seas Cruises
S. de R.L. (S&P bases ratings on Prestige Cruise Holdings Inc. and
its subsidiaries Oceania Cruises Inc. and Seven Seas Cruises S. de
R.L. on the consolidated group credit profile and application of
our group ratings methodology.)  The company plans to repay
$50 million in term loan debt at Oceania and $50 million in term
loan debt at Seven Seas.

In addition to the aggregate $100 million in consolidated debt
repayment, and given good visibility for bookings so far in 2014,
S&P expects that Oceania can increase EBITDA in the mid- to high-
single-digit area in 2014, primarily from good anticipated yield
performance in 2014.  Combined with expected EBITDA growth in 2014
at affiliate Seven Seas, S&P believes parent company Prestige
could increase consolidated EBITDA in the mid- to high-single-
digit area, reduce debt to EBITDA to the mid-5x area, and improve
funds from operations (FFO) to total debt to the low- to mid-teens
percentage area by the end of 2014.  S&P could consider an upgrade
if it expects parent Prestige to sustain leverage measures at
these levels or further improve them, as this would improve the
company's financial risk profile to "aggressive" over the near
term from the current "highly leveraged" assessment.  S&P believes
total debt to EBITDA at Prestige was about 7x and FFO to debt was
about 10% at the end of 2013, which are aligned with a highly
leveraged financial risk profile.

S&P's rating on Oceania is also based on its assessment of the
company's business risk profile as "weak," which reflects the
company's small fleet and focus on the niche upper-premium cruise
space, the capital-intensive nature of the cruise industry, and
the travel industry's susceptibility to economic cycles and global
political events.  The high quality of Oceania's vessels and good
visibility into future bookings partially offset the negative
rating factors.

"In addition, we base ratings on Oceania Cruises Inc. and Seven
Seas Cruises S. de R.L. (operator of the Regent cruise brand) on
the consolidated credit quality of parent company Prestige Cruise
Holdings Inc., and we apply our group ratings methodology.  We
consider each of the above subsidiaries to be "core" entities of
Prestige. Oceania and Seven Seas are wholly owned subsidiaries of
Prestige, a corporation controlled by Apollo Management L.P.
Although management intends to maintain Oceania and Seven Seas as
two independent, separately financed brands, we believe the
strategic relationship between the entities within the context of
Apollo's investment in the high-end cruise line niche warrants our
taking a holistic view of the family of companies.  In addition,
Prestige guarantees much of the debt of Oceania (including debt
issued to finance the delivery of Marina in January 2011 and
Riviera in April 2012, where there are financial maintenance
covenants at the Prestige level), further aligning the credit
quality of Seven Seas with Oceania ," S&P said.


PAR PHARMACEUTICAL: Moody's Confirms 'B2' CFR; Outlook Negative
---------------------------------------------------------------
Moody's Investors Service confirmed the ratings of Par
Pharmaceutical Companies, Inc., including the B2 Corporate Family
Rating and the B2-PD Probability of Default Rating, following
Moody's receipt of more information concerning financing plans for
Par's acquisition of JHP Pharmaceuticals ("JHP") for $490 million.
In addition, Moody's assigned a B1 rating to the $395 million add-
on term loan that will be used to fund part of the acquisition.
The remaining purchase price will be funded with $110 million of
new equity from TPG Capital LP, the equity sponsor. Moody's also
assigned a Speculative Grade Liquidity Rating of SGL-2 (good
liquidity). The rating outlook is negative.

The following ratings were confirmed/LGD point estimates modified:

Corporate Family Rating, at B2

Probability of Default Rating at B2-PD

$150 million senior secured revolving credit facility at B1 (LGD
3, point estimate changed to 38% from 33%)

$1.06 billion senior secured term loan at B1 (LGD 3, point
estimate changed to 38% from 33%)

$490 million senior unsecured notes at Caa1 (LGD 6, point estimate
changed to 90% from 86%)

The following ratings were assigned:

$395 million add-on term loan at B1 (LGD 3, 38%)

Speculative Grade Liquidity Rating at SGL-2

The outlook is negative.

Ratings Rationale

The confirmation of Par's ratings reflects the fact that a
meaningful portion of the acquisition is being funded with new
equity, thus somewhat mitigating the negative impact on credit
ratios. The confirmation also reflects Moody's expectation that
the company will continue to generate solid free cash flow
following the acquisition of JHP and that the company will
maintain good liquidity over the next 12 months. The confirmation
also reflects Moody's view that Par's EBITDA on a stand-alone
basis will improve versus trailing twelve month figures (9/30/13)
due to recent products launches as well as temporary market share
gains in instances where competitors have had supply issues.

The negative outlook reflects the increased leverage as a result
of debt being taken on to fund the acquisition. Further, Moody's
views the acquisition as increasing Par's overall business risk
because sterile injectables -- JHP's core product -- represent a
new business for Par, with different end-market customers
(hospitals/GPOs) as well as greater regulatory/compliance risk,
due to the need to maintain strict sterility conditions. The
negative outlook also reflects Moody's concerns about the
potential cash outflows for outstanding legal issues, including
the "at risk" launch of omeprazole/sodium bicarbonate (Zegerid)
and Average Wholesale Pricing (AWP) litigation.

Par's B2 rating reflects its mid-tier position in the US generic
pharmaceutical market, in which it competes against substantially
larger and more diverse global players. Par competes largely on
its expertise in extended release formulations and other
difficult-to-make products, and the fact that its FDA quality
track record has been strong to date. The ratings are constrained
by Par's leverage, which is high, particularly in the context of
the volatility in earnings created by its revenue concentration in
a few products and the inherent fluctuations in generic drug
pricing and market share. The ratings are supported by Moody's
expectation for good free cash flow and a steady stream of new
product launches which will be sufficient to offset declines in
older products.

Moody's could upgrade Par's ratings if debt/EBITDA appears
sustainable below 4.0 times and if revenue diversity improves.
This scenario could emerge with ongoing launches of new generic
products, and reduction in debt levels while pursuing disciplined
business development.

Moody's could downgrade the ratings if leverage is sustained above
6.0 times or if liquidity weakens. Such a scenario could arise
with a significant debt-financed acquisition or dividend, or a
major business disruption stemming from a manufacturing/compliance
issue or a material adverse litigation outcome.

The principal methodology used in this rating was the Global
Pharmaceutical Industry published in December 2012. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.

Headquartered in Woodcliff Lake, New Jersey, Par Pharmaceutical
Companies, Inc. is a specialty generic and branded pharmaceutical
company operating primarily in the United States. The company
reported in excess of $1 billion of total revenues for the twelve
months ended September 30, 2013. The company is owned TPG Capital,
L.P.


PEERY HOTEL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Peery Hotel, LP
        4035 E. Thousand Oaks Blvd.
        Thousand Oaks, CA 91362

Case No.: 14-10520

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Victoria S. Kaufman

Debtor's Counsel: Steven R Fox, Esq.
                  LAW OFFICES OF STEVEN R. FOX
                  17835 Ventura Blvd Ste 306
                  Encino, CA 91316
                  Tel: 818-774-3545
                  Fax: 818-774-3707
                  Email: emails@foxlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gary Peterson, pres. of Peery Hotel,
Inc., gen. partner of Peery Hotel, LP.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb14-10520.pdf


PENFOLD CAPITAL: Delays Filing of Annual Financial Statements
-------------------------------------------------------------
Penfold Capital Acquisition IV Corporation on Jan. 29 announced a
delay in filing its annual financial statements, accompanying
Management's Discussion and Analysis and related CEO and CFO
Certifications of Annual Filings for the financial year ended
September 30, 2013, within the period prescribed for the filing of
such documents under Parts 4 and 5 of Regulation 51-102 respecting
Continuous Disclosure Obligations and pursuant to Regulation 52-
109 respecting Certification of Disclosure in Issuers' Annual and
Interim Filings, namely within 120 days of year-end, being
January 28, 2014.

The delay in filing the Required Filings is primarily attributable
to the additional time and efforts required by the Company with
its auditors in order to complete the Issuer's audited annual
financial statements and finalize the accompanying Management's
Discussion and Analysis.

The Company's Board of Directors and its management will be
working expeditiously with the Company's auditors to meet the
Company's obligations relating to the filing of the Required
Filings.  The Company expects to file the Required Filings on or
before February 7, 2014.

As a result of the postponement in the filing of its Required
Filings, the Company will make an application to the Ontario
Securities Commission for a management cease trade order, which
would restrict all trading in securities of the Company, whether
direct or indirect, by management of the Company.  The MCTO would
not affect the ability of shareholders who are not insiders of the
Company to trade their securities.  There is no certainty that the
MCTO will be granted.  If the MCTO is not issued by the OSC, the
applicable Canadian securities regulatory authorities could issue
a general cease trade order against the Company for failure to
file the Required Filings within the prescribed time period.

The Company confirmed that it intends to satisfy the provisions of
the alternative information guidelines found at sections 4.3 and
4.4 of Policy Statement 12-203 respecting Cease Trade Orders for
Continuous Disclosure Defaults, for so long as it remains in
default as a result of the late filing of the Required Filings.
During the period of default, the Company will issue bi-weekly
default status reports in the form of further press releases,
which will also be filed on SEDAR.  The Company confirmed that
there are no insolvency proceedings against it as of the date of
this press release.  The Company also confirmed that there is no
other material information concerning the affairs of the Company
that has not been generally disclosed as of the date of this press
release.

          About Penfold Capital Acquisition IV Corporation

The Company, through its wholly owned subsidiary SLM, is dedicated
to managing consumer and retail store returns and defective and
problematic electronics through product end-of-life management.
The Company provides manages returns from receiving to end-of-life
with quality assurance testing, factory servicing, resale through
non-traditional channels and recycling of non saleable product to
support a closed-loop distribution process.  The Company is able
to recycle the non-saleable returns it receives, thereby allowing
customer returns to have a very low environmental impact.  An
independent Waste Audit Report shows that the Company is able to
achieve a waste diversion rate of 98.6%.  This means that
companies using the Company's processes are able to divert 98.6%
of their product from landfill sites.  The Company is currently
working on rolling out this product offering to retailers to allow
them to capture the environmentally conscious consumer.  The
Company currently operates only in Ontario.


PENINSULA HOSPITAL: Has Nod to Use Cash Collateral Until April 30
-----------------------------------------------------------------
The Hon. Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York, in a 17th interim order, authorized
Lori Lapin Jones, as Chapter 11 trustee for Peninsula Hospital
Center, et al., to use the cash collateral of the 1199 Funds and
Revival Funding Co., LLC, until April 30, 2014.

The Trustee will be authorized on consent to use 1199 Funds' Cash
Collateral in connection with the wind down of the estate of PHC
substantially in accordance with the agreed upon budget.  A copy
of the budget is available for free at:

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

The Trustee will also be authorized on consent to use the Cash
Collateral of the 1199 Funds and Revival in connection with the
administration and wind down of the estate of Peninsula General
Nursing Home Corp. dba Peninsula Center For Extended Care &
Rehabilitation in amounts not materially greater than is set forth
in the Budget.  Although a receiver assumed responsibility to
operate PGN as of Feb. 3, 2013, the budgeted expenses of PGN
include operating costs incurred prior to, and which were
outstanding as of such date and other costs of administering the
PGN Chapter 11 estate.

As previously provided in the 16th interim court order, the 1199
Funds agree that there will continue to be carved out from the
proceeds payable to the 1199 Funds on account of the lien and
secured claim it asserts against PGN an amount of up to $700,000
for the exclusive use of paying the commissions, fees and expenses
of the Trustee, and the Trustee's professionals, Garfunkel Wild,
P.C., LaMonica, Herbst & Maniscalco, LLP, in the event that there
are insufficient funds in the estate of PGN, whether from the
proceeds from the sale of the assets and properties of PGN or
otherwise, to pay the allowed amount of any commissions, fees or
expenses of the Trustee and the Trustee's Professionals.  The
Trustee and the 1199 Funds agree that the Trustee Additional Fee
Carveout will be increased by $50,000 to an amount of up to
$750,000.  The Trustee Additional Fee Carveout will be used to
satisfy any unpaid allowed amounts of the commissions, fees or
expenses of the Trustee and the Trustee's Professionals after
payments to the Trustee and the Truste's professionals on account
of their allowed administrative claims for the commissions, fees
or expenses.  The Trustee Additional Fee Carveout will be
segregated from the proceeds of the sale of the assets and
properties of PGN and will be maintained by the Trustee in a
segregated account.

                  About Peninsula Hospital

Wayne S. Dodakian, Vinod Sinha, and Shannon Gerardi filed an
involuntary Chapter 11 bankruptcy protection against Peninsula
Hospital Center -- http://www.peninsulahospital.org/-- (Bankr.
E.D.N.Y. Case No. 11-47056) on Aug. 16, 2011.  Judge Elizabeth S.
Stong presides over the case.  Marilyn Cowhey Macron, Esq., at
Macron & Cowhey, represents the petitioners.

Peninsula Hospital Center and Peninsula General Nursing Home
Corp., employed Alvarez & Marsal Healthcare Industry Group, LLC,
as financial advisors.  The Hospital employed Abrams Fensterman,
et al., as their attorneys.  Nixon Peabody served as their special
counsel; GCG, Inc., serves as claims and noticing agent.

Judge Stong appointed Daniel T. McMurray at Focus Management Group
as patient care ombudsman.  Neubert, Pepe & Monteith P.C. serves
as PCO's counsel.  In April 2013, the bankruptcy court discharged
Daniel T. McMurray from his duties and responsibilities as patient
care ombudsman.

Richard J. McCord, Esq., was appointed by the Court as examiner in
the Debtors' cases.  His task was to conduct an investigation of
the Debtors' relationship and transactions with Revival Home
Health Care, Revival Acquisitions Group LLC, Revival Funding Co.
LLC, and any affiliates.  Certilman Balin, & Hyman, LLP, which
counts Mr. McCord as one of the firm's members, served as counsel
for the Examiner.

CBIZ Accounting, Tax & Advisory of New York, LLC and CBIZ, Inc.,
serve as financial advisors for the Official Committee of
Unsecured Creditors.  Robert M. Hirsh, Esq., at Arent Fox LLP, in
New York, N.Y., represents the Committee as counsel.

At the behest of the U.S. Trustee, Lori Lapin Jones, Esq. --
ljones@jonespllc.com -- was named Chapter 11 Trustee in
March 2012, replacing Todd Miller, the Debtors' Chief Executive
Officer.  The Chapter 11 trustee is represented by LaMonica Herbst
& Maniscalco LLP as her counsel.

Storch Amini & Munves, PC, serves as the Chapter 11 Trustee's
special counsel in connection with her investigation of the
Debtors.  She obtained approval to employ Garfunkel Wild, P.C., as
her special health care, regulatory, corporate, finance and
litigation counsel; and Foy Advisors LLC as consultant.


PERDOMO & HERMANO: Case Summary & 6 Unsecured Creditors
-------------------------------------------------------
Debtor: Perdomo & Hermano Corp
        URB Baldrich
        226 Ave Domenech
        San Juan, PR 00918

Case No.: 14-00638

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Judge: Hon. Brian K. Tester

Debtor's Counsel: Wanda I. Luna Martinez, Esq.
                  LUNA LAW OFFICES
                  PMB 389, PO Box 194000
                  San Juan, PR 00919-4000
                  Tel: 787-998-2356
                  Fax: 787-200-8837
                  Email: quiebra@gmail.com

Total Assets: $954,403

Total Liabilities: $1.32 million

The petition was signed by Pedro Luis Perdomo Caraballo,
president.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/prb14-638.pdf


POPPELL'S PRODUCE: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Poppell's Produce, Inc.
        712 W. Cherry Street
        Jesup, GA 31545-0634

Case No.: 14-20073

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       Southern District of Georgia (Brunswick)

Judge: Hon. John S. Dalis

Debtor's Counsel: Jon A. Levis, Esq.
                  MERRILL & STONE, LLC
                  P O Box 129
                  Swainsboro, GA 30401
                  Tel: 478-237-7029
                  Fax: 478-237-9211
                  Email: bkymail@merrillstonehamilton.com

                       - and -

                  Jesse C. Stone, Esq.
                  MERRILL & STONE, LLC
                  P O Box 129
                  Swainsboro, GA 30401
                  Tel: 478-237-7029
                  Fax: 478-237-9211
                  Email: bkymail@merrillstonehamilton.com

Total Assets: $953,462

Total Liabilities: $2.47 million

The petition was signed by Cathy G. Poppell, president.

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


PROSPECT SQUARE: Case Summary & 13 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 cases:

      Debtor                            Case No.
      ------                            --------
      Prospect Square 07 A, LLC         14-10896
      5690 DTC Boulevard, Suite 515
      Greenwood Village, CO 80111

      Prospect Square 07 B, LLC         14-10897
      5690 DTC Boulevard, Suite 515
      Greenwood Village, CO 80111

      Prospect Square 07 C, LLC         14-10899
      5690 DTC Boulevard, Suite 515
      Greenwood Village, CO 80111

      Prospect Square 07 D, LLC         14-10900
      5690 DTC Boulevard, Suite 515
      Greenwood Village, CO 80111

      Prospect Square 07 E, LLC         14-10902
      5690 DTC Boulevard, Suite 515
      Greenwood Village, CO 80111

Chapter 11 Petition Date: January 29, 2014

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judges: Hon. Elizabeth E. Brown (14-10896)
        Hon. Michael E. Romero (14-10897)
        Hon. Bruce Campbell (14-10899)
        Hon. Sidney B. Brooks (14-10900)
        Hon. Sidney B. Brooks(14-10902)

Debtors' Counsel: Lee M. Kutner, Esq.
                  KUTNER BRINEN GARBER, P.C.
                  303 E. 17th Ave., Ste. 500
                  Denver, CO 80203
                  ( ) 303-832-2400
                  Email: lmk@kutnerlaw.com

                                    Estimated     Estimated
                                     Assets       Liabilities
                                   -----------    ------------
Prospect Square 07 A, LLC         $10MM-$50MM    $10MM-$50MM
Prospect Square 07 B, LLC         $10MM-$50MM    $10MM-$50MM
Prospect Square 07 C, LLC         $10MM-$50MM    $10MM-$50MM
Prospect Square 07 D, LLC         $10MM-$50MM    $10MM-$50MM
Prospect Square 07 E, LLC         $10MM-$50MM    $10MM-$50MM

The petitions were signed by Gary J. Dragul, president, GDA Real
Estate Management, Inc., manager.

A List of the Debtors' 13 Largest Unsecured Creditors:

   Entity                         Nature of Claim  Claim Amount
   ------                         --------------- -------------
Brownstein Hyatt Farber & Schreck  Legal services     Unknown
Chamberlain Contract Sweeping      Services            $1,018
Duke Energy                        Utilities          Unknown
GDA Management Services, LLC       Services           $11,864
GDA Real Estate Services, LLC      Consulting         Unknown
Goering & Goering, LLC             Legal services     Unknown
Greater Cincinnati-Water Works     Water              Unknown
H.C. Nutting Company               Services           $1,235
Reinhart & Associates, LLC         Prof. Fees         $14,250
Robbins, Kelly, Patterson & Tucker Legal services     Unknown
Schumacher Dugan                   Parking Lot        $37,200
The Conundrum Group, LLP           Legal services     $25,860
Trust Capital Group                Consulting         Unknown


PROVIDENCE PROPERTIES: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Providence Properties, LLC
           dba Providence Hall
        745 Turnpike Rd.
        Lawrenceburg, TN 38464

Case No.: 14-00687

Chapter 11 Petition Date: January 30, 2014

Court: United States Bankruptcy Court
       Middle District of Tennessee (Columbia)

Judge: Hon. Marian F Harrison

Debtor's Counsel: Steven L. Lefkovitz, Esq.
                  LAW OFFICES LEFKOVITZ & LEFKOVITZ
                  618 Church St Ste 410
                  Nashville, TN 37219
                  Tel: 615 256-8300
                  Fax: 615 255-4516
                  Email: slefkovitz@lefkovitz.com

Total Assets: $525,500

Total Liabilities: $1.14 million

The petition was signed by Jeremiah Cribb, owner.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/tnmb14-687.pdf


PROVIDENT FUNDING: S&P Affirms 'B+' ICR & Revises Outlook to Neg.
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'B+'
long-term issuer credit rating on Provident Funding Associates
L.P. (Provident) and revised the outlook to negative from stable.

"The negative outlook reflects worsening earnings following a
contraction in both refinance volume and gain on sale margins when
interest rates rose in the second and third quarter of 2013," said
Standard & Poor's credit analyst Stephen Lynch.  Through the first
nine months of 2013, origination volumes totaled $14.7 billion,
down 44% over the same period in 2012. Origination volumes were
$35.8 billion in 2012, $24 billion in 2011, $27 billion in 2010,
and $38 billion in 2009.

Provident's adjusted EBITDA was negative in the third quarter of
2013, leading to a deterioration in the company's earnings
leverage on a trailing 12 months basis.  The primary adjustment
S&P makes to adjusted EBITDA is excluding the noncash mark-to-
market gains in the servicing portfolio.  S&P now expects that
fourth-quarter results could be weak before normalizing over 2014.
As a result of the decline in earnings, debt to adjusted EBITDA
has temporarily increased to just below 9x, a level S&P considers
weak for a 'B+' rating.  Furthermore, Provident's interest
coverage ratio of 1.3x is also weak and a negative rating factor.

S&P's negative outlook on Provident is based on the difficult
market conditions over the past several quarters, which has led to
depressed cash flow and earnings relative to the company's
$745 million debt burden.  S&P expects market conditions to remain
challenging for at least the next two quarters.  Origination
volumes are unlikely to increase substantially -- absent either a
surge in home purchases or an unexpected sharp drop in mortgage
rates -- and gain-on-sale margins may not rise until originators
reduce more capacity.  However, S&P believes industry supply will
likely contract over the next year, causing gain-on-sale margins
to rise and providing support to Provident's earnings.

S&P will likely lower its rating on Provident if these difficult
market conditions persist longer than it expects and, as a result,
its cash flow relative to its debt service obligations remains
depressed.  For instance, S&P could lower the rating if the
company is unable to begin approaching its historical leverage,
measured as debt to adjusted EBITDA, of below 4x on a sustained
basis; if the company is unable to raise its debt service coverage
ratio (DSCR) above 2x over the next year; or if metrics continue
to worsen.

S&P could revise the outlook to stable if the company's leverage
and DSCR begin approaching historical levels on a sustained basis.
An upgrade is not likely over the next one to two years.  Over
time, S&P could raise the rating if the company meaningfully
reduces its leverage and increases its DSCR without altering the
long-term prospects of the company's fundamental business model.
More specifically, S&P would expect the company to continue to
organically create servicing assets in excess of portfolio run-off
while maintaining or exceeding its historical earnings and
profitability.


RAL GLEEM: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: RAL Gleem, Inc.
           aka RAL Gleem Industries
        656 Atkins Avenue
        Brooklyn, NY 11208

Case No.: 14-40444

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Carla E. Craig

Debtor's Counsel: Michael S Fox, Esq.
                  OLSHAN FROME WOLOSKY LLP
                  65 East 55th Street
                  New York, NY 10022
                  Tel: 212-451-2300
                  Fax: 212-451-2222
                  Email: mfox@olshanlaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Bruce Rosen, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nyeb14-40444.pdf


RALPH ESMERIAN: Folk Art Fetches Auction Record $13 Million
-----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that a folk art collection assembled by Ralph O. Esmerian,
the former chairman emeritus of the American Folk Art Museum
serving a six-year federal prison sentence for fraud, fetched a
record $13 million at Sotheby's in New York.

According to the report, the 228-lot sale on Jan. 25 generated the
highest proceeds ever for an American folk art collection, the
auction house said in a statement.

The top lot at the sale ordered by the U.S. Bankruptcy Court was a
carved figure of Santa Claus by Samuel Robb, which went for
$875,000, more than three times its high estimate of $250,000, the
report related.  The artist made the figure as a Christmas present
for his daughter, Elizabeth, in 1923.

The auction generated $10.5 million for Esmerian's creditors,
liquidation trustee Jay Teitelbaum of New York-based Teitelbaum &
Baskin LLP said on Jan. 27 in a phone interview with Bloomberg.

Creditors hold more than $140 million in claims, according to
court papers filed in a December 2012 settlement agreement, the
report further related.  The auction tally, which includes
commissions, surpassed a 1994 event that raised $12.3 million,
Sotheby's said.

                      About Ralph Esmerian

Ralph Esmerian, who owned liquidated antique jewelry retailer Fred
Leighton Holding Inc. in New York, and his company R. Esmerian
Inc. were hit with involuntary Chapter 7 petitions (Bankr.
S.D.N.Y. Case Nos. 10-12721 and 10-12719) by creditors alleging
they were owed $40 million.  Mr. Esmerian was convicted of fraud
and sentenced to prison in 2011 for a scheme to conceal assets
from the bankruptcy court as well as wire fraud.


RECOVERY INDUSTRIES: Case Summary & 6 Top Unsecured Creditors
-------------------------------------------------------------
Debtor: Recovery Industries, Inc.
        Post Office Box 4088
        Gulf Shores, AL 36547

Case No.: 14-00280

Chapter 11 Petition Date: January 31, 2014

Court: United States Bankruptcy Court
       Southern District of Alabama (Mobile)

Judge: Hon. William S. Shulman

Debtor's Counsel: Robert M. Galloway, Esq.
                  GALLOWAY, WETTERMARK, EVEREST, RUTENS
                  & GAILLARD, LLP
                  P. O. Box 16629
                  Mobile, AL 36616-0629
                  Tel: (251) 476-4493
                  Email: bgalloway@gallowayllp.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Donald S. Ryals, president.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/alsb14-280.pdf


REGAL ENTERTAINMENT: Fitch Affirms 'B+' Issuer Default Ratings
--------------------------------------------------------------
Fitch Ratings has affirmed the IDRs of Regal Entertainment Group
(Regal) and Regal Cinemas Corporation (Regal Cinemas)at 'B+'.
Fitch has also upgraded the senior unsecured notes at Regal by one
notch to 'B/RR5', as a result of Fitch's updated recovery
analysis.  The Outlook remains Stable.

Key Rating Drivers

Regal's ratings reflect Fitch's belief that movie exhibition will
continue to be a key promotion window for the movie studios'
biggest/most profitable releases.

Despite a strong comparison with the 2012 industry box office,
2013's film slate delivered positive growth in box office
revenues, up 0.8%, according to Box Office Mojo.  Attendance
declines of 1.3% were offset by a 2.1% increase in average ticket
price.  This will pose a tough comparison year in 2014.  However,
as in the past few years, there are many high-profile sequels that
have a strong likelihood of box office success.  The releases of
'Captain America: Winter Soldier', 'The Amazing Spider-Man 2', 'X-
Men: Days of Future Past', 'Transformers: Age of Extinction', 'The
Hunger Games: Mockingjay Part 1', and 'The Hobbit: There and Back
Again', headline a strong film slate.  Fitch believes the film
slate will support industry-wide box office revenue levels with
flat to low single digit declines in attendance and flat average
ticket price.

Fitch believes the investments made by Regal and its peers to
improve the patron's experience are prudent.  While high margin
concessions may be pressured, Fitch believes that in the long
term, the exhibitors will benefit from delivering an improved
value proposition to its patrons, and that premium food
services/offerings will grow absolute levels of revenue and
EBITDA.

Fitch believes that Regal will continue to focus free cash flow
(FCF) deployment toward expansion/build-out of theaters,
acquisition of theater assets, and/or for shareholder-friendly
activities.

The ratings factor the intermediate/long-term risks associated
with increased competition from at-home entertainment media,
limited control over revenue trends, collapsing film distribution
windows and increasing indirect competition from other
distribution channels (such as DVD, VOD, and OTT).  For the long
term, Fitch continues to expect that the movie exhibitor industry
will be challenged in growing attendance and that any potential
attendance declines will offset some of the growth in average
ticket prices.

In addition, Regal and its peers rely on the quality, quantity,
and timing of movie product, all factors out of management's
control.

Liquidity and Leverage

Regal's solid liquidity position is supported by $270 million of
cash on hand as of Sept. 27, 2013 and $82.3 million availability
under its $85 million revolver due 2017.  FCF before dividend, as
of Sept. 27, 2013, latest 12 month (LTM) was $324 million.  Fitch
expects pre-dividend FCF between $200 million and $300 million
over the next two years.  Fitch estimates approximately $130
million in annual dividends.

Regal has a manageable maturity profile with Regal Cinemas' term
loans due in 2017 as its next material maturity:

-- Regal Cinemas' $981 million secured term loans (due 2017;
    amortize $10 million per annum);

-- Regal's $311.4 million unsecured notes (due 2018);

-- Regal Cinemas' $400 million unsecured notes (due 2019);

-- Regal's $250 million unsecured notes (due 2023); and

-- Regal's $250 million unsecured notes (due 2025).

Fitch believes that Regal will have sufficient liquidity,
including access to credit markets, to address its maturities.

Fitch calculates unadjusted gross leverage of 3.7x (including NCM
dividend), and interest coverage at 4.5x as of Sept. 27, 2013.

Recovery

Regal's Recovery Ratings reflect Fitch's expectation that the
enterprise value of the company and, thus, recovery rates for its
creditors, will be maximized in a restructuring scenario (as a
going concern) rather than a liquidation.  Fitch estimates a
distressed enterprise valuation of $2.1 billion, using a 5x
multiple and including an estimate for Regal's 17.9% stake in
National CineMedia, LLC of approximately $170 million.

The 'RR1' Recovery Rating for the company's credit facilities
reflects Fitch's belief that 91%-100% expected recovery is
reasonable.  While Fitch does not assign Recovery Ratings for the
company's operating lease obligations, it is assumed the company
rejects only 30% of its remaining $3.2 billion in operating lease
commitments due to their significance to the operations in a
going-concern scenario and is liable for 15% of those rejected
values (at a net present value).  Fitch's recovery analysis shows
full recovery for Regal Cinemas' senior unsecured notes; however,
due to the unsecured nature of these notes, Fitch assigns an 'RR2'
Recovery Rating.

The upgrade of Regal's senior unsecured notes reflects Fitch's
updated recovery analysis assumptions.  The ratings also reflect
the structural subordination of the notes.  The senior unsecured
notes at the parent level would be expected to have below average
recovery (11% - 30%), reflecting an 'RR5.'

Rating Sensitivities

Limited Rating Upside:

Fitch heavily weighs the prospective challenges facing Regal and
its industry peers in arriving at the long-term credit ratings.
Significant improvements in the operating environment (sustainable
increases in attendance) and sustained deleveraging could have a
positive effect on the rating, though Fitch views this as
unlikely.

Negative Trigger:

Fitch anticipates that the company, and other movie exhibitors,
will continue to consolidate.  While not anticipated, a debt-
financed material acquisition or return of capital to shareholders
that would raise the unadjusted gross leverage beyond 4.5x could
have a negative effect on the rating.  In addition, meaningful,
sustained declines in attendance and/or per-guest concession
spending that drove leverage beyond 4.5x would pressure the rating
as well.

Fitch has taken the following rating actions on Regal and Regal
Cinemas:

Regal

-- IDR affirmed 'B+';
-- Senior unsecured notes upgraded to 'B/RR5' from 'B-/RR6'.

Regal Cinemas

-- IDR affirmed at 'B+';
-- Senior secured credit facility affirmed at 'BB+/RR1';
-- Senior unsecured notes affirmed at 'BB/RR2'.

The Rating Outlook is Stable.


ROBERTS HOTELS: Court Grants BofA Stay Relief
---------------------------------------------
The Hon. Charles E. Rendlen, III, of the U.S. Bankruptcy Court for
the Eastern District of Missouri has granted Bank of America,
N.A., relief from the automatic stay for the purpose of
prosecuting, negotiating and settling of all of Roberts Hotels
Spartanburg, LLC's rights in the Spartanburg insurance claim.

The Court further ordered that all parties, including any
insurance companies with respect to the Spartanburg Insurance
Claim are authorized and directed to deal exclusively with the
Bank in connection with the Spartanburg Insurance Claim.

The presently unoccupied Spartanburg Hotel is owned by Roberts
Hotels Spartanburg, LLC, and is located at 9027 Fairforest Road,
Spartanburg, South Carolina.  In April 2013, the Spartanburg Hotel
suffered severe water damage because of a burst water pipe on the
fifth floor.  It was insured at the time of the water damage.  The
Bank believes that there is a valuable claim against the insurer
for the damage done to the Spartanburg Hotel.  The Bank's loan
documentation with the Debtors granted to the Bank a security
interest in and assignment of the proceeds of insurance claims.
Therefore, the Bank holds a security interest in and assignment of
the Spartanburg Insurance Claim, and it is listed as an additional
loss payee, the Bank stated in its Dec. 2, stay motion filing.

The Bank said in its court filing that cause exists for relief
from the automatic stay because (a) the Bank is already listed as
an additional loss payee on the applicable insurance policy, and
(b) the insurance proceeds will not be used to restore or repair
the Spartanburg Hotel, a sale of which in an "as is" condition is
believed to be imminent.  According to the Bank, the indebtedness
is many times greater than the damages sustained by the
Spartanburg Hotels, so Roberts Spartanburg does not enjoy any
equity in the Spartanburg Insurance Claim.  Roberts Spartanburg
does not intend to reorganize so the Spartanburg Insurance
Claim is not necessary for an effective reorganization, the Bank
added.

The Bank is represented by:

         THOMPSON COBURN LLP
         David A. Warfield, Esq.
         One US Bank Plaza, Suite 2600
         St. Louis, MO 63101
         Tel: (314) 552-6000
         Fax: (314) 552-0000
         E-mail: dwarfield@thompsoncoburn.com

                     About Roberts Hotels

Hotel portfolios owned by St. Louis, Mo.-based Roberts Cos. have
filed separate Chapter 11 bankruptcy petitions.  The hotels are
among those involved in a lawsuit Bank of America filed against
Roberts Cos. in April 2012.  BofA alleges Roberts Cos. defaulted
on a loan to renovate six hotels it owns outside of Missouri and
owes more than $34 million.  The hotels are located in Tampa,
Atlanta, Dallas, Houston, Shreveport, La., and Spartanburg, S.C.

Roberts Hotels Dallas LLC, which operates as a Courtyard by
Marriott at 2383 Stemmons Trail in Dallas, filed for Chapter 11
bankruptcy (Bankr. E.D. Mo. Case No. 12-45017) on May 23, 2012,
estimating $1 million to $10 million in assets, and $10 million to
$50 million in debts.

Roberts Hotels Atlanta LLC, dba Clarion Hotel Atlanta, filed for
Chapter 11 (Bankr. E.D. Mo. Case No. 12-44493) on May 9, 2012,
estimating $1 million to $10 million in assets, and $10 million to
$50 million in debts.

Roberts Hotels Shreveport LLC, also under the Clarion flag, sought
Chapter 11 bankruptcy protection (Bankr. E.D. Mo. Case No. 12-
44495) on May 9, estimating under $10 million in assets and
between $10 million and $50 million in debts.

Roberts Hotels Spartanburg LLC, which owns the Clarion Hotel,
formerly named Radisson Hotel & Suites Spartanburg, filed a
Chapter 11 petition (Bankr. E.D. Mo. Case No. 12-43756) on April
19, 2012.  It scheduled $3,028,820 in assets and $34,775,209 in
debts.

Roberts Hotels Houston LLC, dba Holiday Inn Houston, filed for
Chapter 11 (Bankr. E.D. Mo. Case No. 12-43590) on April 16, 2012,
listing under $50,000 in assets and up to $50 million in debts.

Roberts Hotels Tampa LLC, which owns the Comfort Inn hotel at 820
East Busch Blvd. in Tampa, filed for Chapter 11 Bankr. E.D. Mo.
Case No. 12-44391) on May 7, estimating assets between $1 million
and $10 million and debts between $10 million and $50 million.

A. Thomas DeWoskin, Esq., at Danna McKitrick, PC, serves as the
Debtors' counsel.  The petitions were signed by Mike Kirtley,
chief operating officer.

On Dec. 15, 2011, Roberts Hotels Jackson LLC, which owns Roberts
Walthall Hotel, filed for Chapter 11 protection (Bankr. S.D. Miss.
Case No. 11-04341), estimating both assets and debts of between
$1 million and $10 million.  John D. Moore, P.A., represents the
Debtor.

The cases are jointly administered.

The original affiliated debtors in these jointly administered
cases were Roberts Hotels Spartanburg, Roberts Hotels Tampa,
Roberts Hotels Atlanta, Roberts Hotels Shreveport, Roberts Hotels
Houston, and Roberts Hotels Dallas.  The Tampa Case, the Atlanta
Case and the Dallas Case were dismissed on Sept. 30, 2013.  The
other three cases are still pending and their cases are being
jointly administered pursuant to the June 6, 2012 court order.
Unless otherwise specified, all docket entry numbers refer to the
Houston Case.


RUE21 INC: Bank Debt Trades at 13% Off
--------------------------------------
Participations in a syndicated loan under which Rue21 Inc. is a
borrower traded in the secondary market at 87.15 cents-on-the-
dollar during the week ended Friday, Jan. 31, 2014, according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a decrease of 0.47
percentage points from the previous week, The Journal relates.
Rue21 Inc. pays 475 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Sept. 30, 2020 and carries
Moody's B3 rating and Standard & Poor's B- rating.  The loan is
one of the biggest gainers and losers among 205 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

As reported in the Troubled Company Reporter on Oct. 11, 2013,
Standard & Poor's Ratings Services said it assigned a 'CCC' issue-
level rating to rue21 inc.'s $250 million senior unsecured notes
with a '6' recovery rating.  The '6' recovery rating indicates
S&P's expectation of negligible (0% to 10%) recovery of principal
in the event of a payment default.  Rhodes Merger Sub Inc. is the
issuer of these notes.


SAINT CATHERINE HOSPITAL: Transfer of Medical Records Proposed
--------------------------------------------------------------
William G. Schwab -- the Chapter 7 Trustee for Saint Catherine
Hospital of Pennsylvania, LLC, aka, Saint Catherine Medical Center
of Fountain Springs, by and through his counsel, William G. Schwab
& Associates -- has filed a Motion to Allow Transfer of Custody of
Medical Records, X-rays, Mammograms and Other Records Held at
Hospital.  The Chapter 7 Trustee wishes to transfer those items
along with certain equipment to aid in storage and future
retrieval of the records, to the Educational and Scientific Trust
of the Simon Kramer Institute, per and Agreement for Transfer of
Medical Records.

Objections to the above settlement must be in writing and
physically received by the Clerk of the U.S. Bankruptcy Court, 197
South Main Street, Wilkes-Barre, Pennsylvania 18701 on or before
March 24, 2014, with a copy served on the attorney for the Chapter
7 Trustee.  If no objections are timely filed, an appropriate
Order may be entered without a hearing.

The Chapter 7 Trustee may be reached at:

     William G. Schwab, Esq.
     WILLIAM G. SCHWAB & ASSOCIATES
     811 Blakeslee Blvd.
     Drive East, P.O. Box 56
     Lehighton, PA 18235
     Tel: (610) 377-5200
     Fax: (610) 377-5209

St. Catherine Hospital of Pennsylvania, LLC, filed for Chapter 11
bankruptcy (Bankr. M.D. Pa. Case No. 12-02073) on April 9, 2012.
The case was later converted to Chapter 7.


SECURITY NATIONAL: Has 11th Interim OK for $3MM DIP Financing
-------------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware entered on Jan. 14, 2014, an eleventh interim order
authorizing Security National Properties Funding III, LLC, et al.,
to obtain additional postpetition unsecured financing of up to an
aggregate principal amount of $3 million from Security National
Properties Holding Company, LLC, an affiliate of the Debtors,
pursuant to the terms of the Amended Unsecured Note, the Expanded
DIP Facility and the Eleventh Interim Order, to satisfy
postpetition working capital, operating and Chapter 11 Case
expenses.

Sums due under the note will be due and payable on March 31, 2014.

The Lender is granted an administrative expense claim against the
estate of SNPF III.  The Lender won't be paid from property of any
Debtor that is collateral of the administrative agent or the
senior lenders under the pre-petition credit agreement and related
credit and security documents until such time as the secured
claims of the Administrative Agent and the Senior Lenders against
the applicable borrower or guarantor have been (i) disallowed or
(ii) been repaid, satisfied and discharged in full.

As reported by the Troubled Company Reporter on Oct. 29, 2013, the
parties with an alleged interest in cash collateral are Bank of
America, N.A., in its capacity as Administrative Agent for itself
and other lenders under the Prepetition Credit Agreement and Banc
of America Securities LLC, as Sole Lead Arranger and Sole Book
Manager.

The final hearing on the DIP financing is set for Feb. 11, 2014,
at 10:00 a.m. (ET).  Objections to the final approval of the DIP
motion must be filed by Feb. 4, 2014, at 4:00 p.m. (ET).

                      About Security National

Eureka, California-based Security National Properties Funding III
LLC owns and operates 33 commercial office, retail, industrial and
other properties.  Security National and various affiliates filed
for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 11-13277)
on Oct. 13, 2011.  Judge Kevin Gross presides over the case.
Donna L. Culver, Esq., Robert J. Dehney, Esq., Justin K. Houser,
Esq., Andrew R. Remming, Esq., and Gregory W. Werkheiser, Esq., at
Morris, Nichols, Arsht & Tunnell, in Wilmington, Delaware, serve
as the Debtors' counsel.  GCG Inc. serves as the Debtors' claims
and notice agent.  The Debtors' scheduled assets total $24,758,433
while scheduled liabilities total $354,657,501.

The U.S. Trustee for Region 3 was unable to form an official
committee of unsecured creditors.


SECURITY NATIONAL: Cash Collateral Use Extended Until Feb. 14
-------------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware entered in mid-January a 21st interim order
authorizing Security National Properties Funding III, LLC, et al.,
to use cash collateral until Feb. 14, 2014.

The Debtors will use the cash collateral to (a) maintain their
operating and provide funding to affiliates, (b) pay certain
prepetition obligations, and (c) pay disbursements as described in
the budget.

As reported by the Troubled Company Reporter on Oct. 29, 2013, the
parties with an alleged interest in cash collateral are Bank of
America, N.A., in its capacity as Administrative Agent for itself
and other lenders under the Prepetition Credit Agreement and Banc
of America Securities LLC, as Sole Lead Arranger and Sole Book
Manager.

As adequate protection, the Administrative Agent is granted,
solely during the specified period and only to the extent the
Administrative Agent can prove a diminution in the value of its
cash collateral, replacement liens in all post-petition rents
generated by the qualified properties and the qualified
properties.  The Debtors will be authorized to pay any accrued
prepetition interest to the Lenders at the non-default, contract
rate and will pay post-petition interest at a rate of 4.5% per
annum.  The Debtors will grant the Administrative Agent first
priority liens in the Debtors' unencumbered property.  The
Debtors, as additional adequate protection, are authorized to pay
the claims of taxing authorities in the amounts provided for in
the budget.

The Debtors will seek final approval of its cash collateral use
during the final hearing set for Feb. 11, 2014, at 10:00 a.m.
(ET).

                      About Security National

Eureka, California-based Security National Properties Funding III
LLC owns and operates 33 commercial office, retail, industrial and
other properties.  Security National and various affiliates filed
for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 11-13277)
on Oct. 13, 2011.  Judge Kevin Gross presides over the case.
Donna L. Culver, Esq., Robert J. Dehney, Esq., Justin K. Houser,
Esq., Andrew R. Remming, Esq., and Gregory W. Werkheiser, Esq., at
Morris, Nichols, Arsht & Tunnell, in Wilmington, Delaware, serve
as the Debtors' counsel.  GCG Inc. serves as the Debtors' claims
and notice agent.  The Debtors' scheduled assets total $24,758,433
while scheduled liabilities total $354,657,501.

The U.S. Trustee for Region 3 was unable to form an official
committee of unsecured creditors.


SEVEN SEAS: S&P Revises Outlook to Pos. & Rates $246MM Loan 'BB-'
-----------------------------------------------------------------
Standard & Poor's Ratings Services revised its 'B' rating outlook
on Miami-based cruise line operator Seven Seas Cruises S. de R.L.
to positive from stable.

At the same time, S&P assigned the company's proposed $246 million
first-lien senior secured term loan due 2018 its 'BB-' issue-level
rating (two notches above S&P's 'B' corporate credit rating on the
company), with a recovery rating of '1', indicating S&P's
expectation for very high (90% to 100%) recovery for lenders in
the event of a payment default.

In addition, S&P revised its recovery rating on the company's
second-priority notes due 2019 to '5' (10%-30% recovery
expectation) from '6' (0%-10% recovery expectation), reflecting
improved recovery prospects following an expected reduction in
senior secured debt ahead of the notes in the company's capital
structure.  S&P subsequently raised its issue-level rating on this
debt to 'B-' from 'CCC+', in accordance with its notching
criteria.

The positive outlook revision reflects anticipated improvement in
consolidated leverage measures at parent Prestige Cruise Holdings
Inc. resulting from debt repayment and good anticipated operating
performance at both Seven Seas and its affiliate Oceania Cruises
Inc.  (S&P bases ratings on Prestige Cruise Holdings Inc. and its
subsidiaries Oceania Cruises Inc. and Seven Seas Cruises S. de
R.L. on the consolidated group credit profile and application of
S&P's group ratings methodology.)  The company plans to repay
$50 million in term loan debt at Seven Seas and $50 million in
term loan debt at Oceania.

In addition to the aggregate $100 million in consolidated debt
repayment, and given good visibility for bookings so far in 2014,
S&P expects that Seven Seas can increase EBITDA in the mid-single-
digit area in 2014, primarily from yield growth.  Combined with
good expected EBITDA growth in 2014 at affiliate Oceania, S&P
believes parent company Prestige could increase consolidated
EBITDA in the mid- to high-single-digit area, reduce debt to
EBITDA to the mid-5x area, and improve funds from operations (FFO)
to total debt to the low- to mid-teens percentage area by the end
of 2014.  S&P could consider an upgrade if it expects parent
Prestige to sustain leverage measures at these levels or further
improve them, as this would improve the company's financial risk
profile to "aggressive" over the near term from the current
"highly leveraged" assessment.  S&P believes total debt to EBITDA
at Prestige was about 7x and FFO to debt was about 10% at the end
of 2013, which are aligned with a highly leveraged financial risk
profile.

S&P's rating on Seven Seas is also based on its assessment of the
company's business risk profile as "weak," which reflects the
company's small fleet and niche market strategy, the capital-
intensive nature of the cruise industry, and the travel industry's
susceptibility to economic cycles and global political events.
The high quality of Seven Seas' Regent branded vessels and its
good visibility into future bookings partially offset the negative
rating factors.

"In addition, we base ratings on Seven Seas Cruises S. de R.L. and
Oceania Cruises Inc. on the consolidated credit quality of parent
company Prestige Cruise Holdings Inc., and we apply our group
ratings methodology.  We consider each of the above subsidiaries
to be "core" entities of Prestige. Seven Seas and Oceania are
wholly owned subsidiaries of Prestige, a corporation controlled by
Apollo Management L.P. Although management intends to maintain
Oceania and Seven Seas as two independent, separately financed
brands, we believe the strategic relationship between the entities
within the context of Apollo's investment in the high-end cruise
line niche warrants our taking a holistic view of the family of
companies. In addition, Prestige guarantees much of the debt of
Oceania (including debt issued to finance the delivery of Marina
in January 2011 and Riviera in April 2012, where there are
financial maintenance covenants at the Prestige level), further
aligning the credit quality of Seven Seas with Oceania," S&P
noted.


SILVERADO STREET: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Silverado Street, LLC
        800 Silverado Street Ste. 301
        La Jolla, CA 92037

Case No.: 14-00574

Chapter 11 Petition Date: January 30, 2014

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

Judge: Hon. Louise DeCarl Adler

Debtor's Counsel: David M. Gilmore, Esq.
                  GILMORE, WOOD, VINNARD & MAGNESS
                  P.O. Box 28907
                  Fresno, CA 93729-8907
                  Tel: 559-448-9800

Total Assets: In its summary of schedules, the Debtor said total
              assets range from $22 million to $47 million

Total Debts: $11,000,000

The petition was signed by Amr Aljassim, managing member.

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


SOUND SHORE: Taps Garbarini & Scher as Medical Malpractice Counsel
------------------------------------------------------------------
Sound Shore Medical Center of Westchester and its debtor-
affiliates seek authorization from the U.S. Bankruptcy Court for
the Southern District of New York to employ Garbarini & Scher,
P.C. as medical malpractice counsel.

The Debtors are seeking to employ Garbarini & Scher as their
special medical malpractice counsel to assist with the
implementation of their Claim Resolution Process.  In connection
therewith, the Debtors anticipate that Garbarini & Scher will be
performing a number of tasks related to the Claims Resolution
Process and the resolution of the Medical Malpractice Claims.
Subject to the control and further order of this court, Garbarini
& Scher will be expected to render the following services, among
others, on behalf of the Debtors:

   (a) represent the Debtors in the mediation and litigation of
       the Medical Malpractice Claims;

   (b) advise the Debtors in connection with the implementation
       and progress of the Claims Resolution Process;

   (c) gives estimation liability of such claims;

   (d) advise the Debtors in connection with designing the
       provisions of a plan of liquidation regarding treatment of
       Medical Malpractice Claims; and

   (e) other services may be necessary and requested by the
       Debtors with respect to the Claims Resolution Process
       (collectively, the "Medical Malpractice Matters").  In
       rendering the foregoing services, Garbarini & Scher will
       also prepare, on behalf of the Debtors, any necessary
       motions, complaints, answers, declaration, orders,
       counterclaims, affidavits, reports and other legal papers
       relating to the Medical Malpractice Matters.  When
       necessary, Garbarini & Scher will also appear before the
       Court in connection with any filings to ensure the Debtors'
       interests are adequately protected.

Garbarini & Scher will be paid at these hourly rates:

       Partners                 $200
       Associates               $165
       Paraprofessionals        $95

The Debtors have been advised that the professionals expected to
work on this case are:

       Kurt Lee Weinmann, Partner;
       Yuval D. Bar-Kokhba, Partner;
       Pamela D. Field, Associate; and
       Arlene Murphy, Paralegal

Garbarini & Scher will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Yuval D. Bar-Kokhba, partner of Garbarini & Scher, 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.

The Court for the Southern District of New York will hold a
hearing on the application on Feb. 3, 2014, at 10:00 a.m.
Objections were due Jan. 29, 2014.

Garbarini & Scher can be reached at:

       Yuval D. Bar-Kokhba, Esq.
       GARBARINI & SCHER, P.C.
       432 Park Avenue, 9th Floor
       New York, NY 10016-8013
       Tel: (212) 689-1113
       Fax: (212) 725-9630

                 About Sound Shore Medical Center

Sound Shore Medical Center of Westchester, Mount Vernon Hospital
Inc., Howe Avenue Nursing Home and related entities sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 13-22840) on
May 29, 2013, in White Plains, New York.

The Debtors were the largest "safety net" providers for Southern
Westchester County in New York.  Affiliated with New York Medical
College, Sound Shore is a not-for-profit 242-bed, community based-
teaching hospital located in New Rochelle, New York.  Mountain
Vernon Hospital is a voluntary, not-for-profit 176-bed hospital
located in Mount Vernon, New York.  Howe Avenue Nursing Home is a
150-bed, comprehensive facility.

The Debtors tapped Burton S. Weston, Esq., at Garfunkel Wild, P.C.
as counsel; Alvarez & Marsal Healthcare Industry Group, LLC, as
financial advisors; and GCG Inc., as claims agent.

Alston & Bird LLP represents the Official Committee of Unsecured
Creditors.  Deloitte Financial Advisory Services LLP serves as the
Committee's as financial advisor.

Sound Shore disclosed assets of $159.6 million and liabilities
totaling $200 million.  Liabilities include a $16.2 million
revolving credit and a $5.8 million term loan with Midcap
Financial LLC.  There is $9 million in mortgages with Sun Life
Assurance Co. of Canada (US) and $11.5 million owing to the New
York State Dormitory Authority.

Neubert, Pepe & Monteith, P.C., represents Daniel T. McMurray, the
patient care ombudsman for Sound Shore.

The Debtors filed for bankruptcy to sell their assets, including
their hospital and nursing home operations, to the Montefiore
health system.  On Aug. 8, 2013, the Bankruptcy Court entered an
order, as affirmed and ratified by a Supplemental Sale Order
entered on Oct. 15, 2013, approving the sale to Montefiore New
Rochelle Hospital, Inc., Schaffer Extended Care Center, Inc.,
Montefiore Mount Vernon Hospital, Inc. and certain related
affiliates.

In June 2013, Montefiore added $4.75 million to its purchase offer
to speed up the sale.  Montefiore raised its bid to $58.75 million
plus furniture and equipment as part of a request for a private
sale of the hospitals.

On Nov. 6, 2013 at 12:01 a.m. the closing of the Sale occurred and
the sale was effective.

Montefiore is represented by Togut, Segal & Segal LLP.


SOUNDVIEW ELITE: Wants Plan Filing Period Extended to May 26
------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York on
Jan. 17, 2014, issued a bridge order on the request of Soundview
Elite Ltd. and its debtor-affiliates to extend their exclusive
periods to file and solicit acceptances of a Chapter 11 plan.

A hearing on the Debtors' request was set on Jan. 23, 2014, but
the Court has not issued a ruling yet.  The Court extended the
exclusivity periods through the hearing date.

Soundview Elite et al. have asked the Bankruptcy Court to extend
their exclusive period to:

  a) file a Chapter 11 plan until May 26, 2014; and

  b) solicit acceptances of that plan through and including
     July 23, 2014.

The Debtors said that from the outset of their cases, their
primary focus has been litigating threshold bankruptcy matters to
ensure a fair and open bankruptcy process, but to the detriment of
certain fundamental Chapter 11 functions.  Because of this, the
Debtors said they were not able to expend time and energy in
conferring with creditors and formulating a Chapter 11 plan, let
alone file schedules and statements, attend an initial debtor
meeting with the U.S. Trustee for Region 2, or hold an initial
meeting of creditors.

The extension request will enable them to assess their financial
affairs, address outstanding administrative issues with the
Trustee and prepare a Chapter 11 plan and disclosure statement,
according to the Debtors.

The Court has not issued a ruling on the request.  At the Jan. 23
hearing, however, Bankruptcy Judge Robert E. Gerber entered bench
decision, a copy of which is available at http://is.gd/fDJUICfrom
Leagle.com, indicating that a Chapter 11 trustee must be appointed
in the Debtors' cases.

Judge Gerber rejected calls for dismissal of the Debtors' cases.
Peter Anderson and Matthew Wright, the Joint Official Liquidators
of the Limited Debtors, and America Alternative Investments Inc.,
Optima Absolute Return Fund Ltd., and Richcourt Allweather Fund
Inc. -- the "BVI Petitioners" -- pursuant to section 1112(b) of
the U.S. Bankruptcy Code, seek to dismiss the Debtors' cases in
favor of a liquidation proceeding in the Cayman Islands -- or
alternatively, pursuant to section 362(d) of the U.S. Bankruptcy
Code, to grant relief from the stay to allow the Cayman insolvency
proceeding to proceed.

The United States Trustee seeks appointment of a chapter 11
trustee.  The U.S. Trustee's motion was initially accompanied by a
similar motion by Pasig, Ltd., a creditor and party-in-interest.
But Pasig thereafter changed its position, and now supports
dismissal or relief from the stay to allow the liquidation to be
accomplished in the Cayman Islands by the JOLs.  The U.S.
Trustee's motion was filed after the U.S. court advised the
parties that the court wanted them to brief the desirability of
the appointment of a chapter 11 or chapter 7 trustee as an
additional option.

In the Bench Decision, Judge Gerber ruled that:

     (1) The cases were filed with sufficient corporate
         authority, as required under the articles of organization
         of the six Debtors.

     (2) the cases should not be dismissed under section 1112(b),
         either for "bad faith" filing or for unenumerated cause,
         nor wholly abstain under section 305.

     (3) The Debtors' existing management should not continue in
         possession; one or more independent fiduciaries must be
         appointed for the Debtors in these cases.  As a mixed
         question of fact and law, the U.S. Trustee and Pasig
         were plainly right when they argued that cause has been
         shown for the appointment of a trustee under each of
         sections 1104(a)(1) and (a)(2).

     (4) The U.S. automatic stay became effective immediately
         upon the filing of the chapter 11 petition in the U.S.
         The U.S. Court rejects the JOLs' principal argument to
         the contrary; the fact that the Cayman Islands Monetary
         Authority supported an insolvency petition commenced by
         parties acting in their private interests is insufficient
         to trigger the exception to the automatic stay under the
         "police power" exception of section 362(b)(4). Actions in
         the Cayman court thereafter -- including the appointment
         of the JOLs -- were, from the perspective of U.S. law,
         void.

     (5) The Debtors' motion to hold the JOLs and petitioning
         creditors in contempt, and award sanctions, is denied
         with respect to actions they took on the day the JOLs
         were appointed. The motion is continued, with respect to
         the JOLs only, with respect to actions the JOLs took
         thereafter.  The latter will enable the U.S. Court to
         gauge the extent to which the JOLs and their counsel
         now understand that they cannot engage in business as
         usual after the filing of a U.S. bankruptcy case.

     (6) The U.S. Trustee is authorized to appoint a chapter 11
         trustee in these cases -- not only for the three SPV
         Debtors that are not the subject of Cayman insolvency
         proceedings, but the three Limited Debtors that are the
         subject of Cayman proceedings as well.

"I have no faith that the Debtors' current managers are capable of
acting independently and in the best interests of the estates, or
in objectively investigating themselves. Nor can I have confidence
that stakeholders' best interests could be achieved without quick
and nondebatable access to the U.S. legal system, in connection
with investigation and, if appropriate, litigation that would be
principally, if not totally, in the U.S.  In the interests of
stakeholders and the integrity of the bankruptcy process, an
independent fiduciary must be appointed.  While I can (and
hereafter do) consider the alternative of allowing the JOLs alone
to act, I find that cause has been shown to appoint a chapter 11
trustee," Judge Gerber said.

Judge Gerber acknowledged that there is overlapping, and in some
respects conflicting, jurisdiction of the U.S. and Cayman courts.
In this regard, Judge Gerber said he will grant relief from the
stay to allow the JOLs to stay in place and allow the existing
Cayman proceeding to continue -- and, if necessary or desirable,
to entertain one or more similar proceedings for the three Debtors
not already the subject of the proceedings in that court --
subject to the entry of a satisfactory protocol governing the
proceedings in the two nations.

Judge Gerber also said, "it appears at this juncture to be
desirable and in some respects essential to give the chapter 11
trustee responsibilities for U.S. investigation, issuance of U.S.
subpoenas and U.S. document demands; any U.S. litigation that
turns out to be warranted, and any acts that otherwise need to be
accomplished within the U.S.  But it's less obvious that the
chapter 11 trustee would need to do anything else, and I have no
particular preference with respect to anything else. Ultimately,
it's best for the stakeholders to discuss with the fiduciaries
what these estates' needs and concerns are, and what division of
responsibilities most effectively meets them and in the most cost-
effective manner."

                       About Soundview Elite

Six mutual funds originally created by Citco Group of Cos.,
including Soundview Elite Ltd., filed petitions for Chapter 11
protection on Sept. 24, 2013, in Manhattan to avoid undergoing
bankruptcy liquidation in the Cayman Islands, where they are
incorporated.

The funds are Soundview Elite (Bankr. S.D.N.Y. Case No. 13-13098)
Soundview Premium, Ltd. (Case No. 13-13099); Soundview Star Ltd.
(Case No. 13-13101); Elite Designated (Case No. 13-13102); Premium
Designated (Case No. 13-13103); and Star Designated (Case No.
13-13104).  The petitions were signed by Floyd Saunders as
corporate secretary.

SoundView Elite Ltd. and two similarly named funds were the target
of a winding-up petitions in the Cayman Islands filed in August by
Citco, which had sold its interest in the funds' manager years
before.  An investor, who was removed from the funds' board in
June, filed a different winding-up petition in August, aimed at
three funds created later to hold illiquid assets.

Soundview Elite estimated assets and debts of at least $10
million.  The funds said in a court filing their total cash assets
of about $20 million are held in the U.S., where the funds are
managed.  Court papers list the funds' total assets as $52.8
million, against debt totaling $28 million.

Judge Robert E. Gerber presides over the U.S. cases.

Warren J. Martin, Jr., Esq., Mark J. Politan, Esq., Terri Jane
Freedman, Esq., and Rachel A. Segall, Esq., at Porzio, Bromberg &
Newman, PC, serve as the Debtors' counsel.  CohnReznick LLP serves
as financial advisor.

Peter Anderson and Matthew Wright, as Joint Official Liquidators
of the Debtors, are represented in the U.S. proceedings by John A.
Pintarelli, Esq., James J. Beha, II, Esq., William H. Hildbold,
Esq., at Morrison & Foerster LLP.


SPENDSMART PAYMENTS: Rob DeSantis Out as Director
-------------------------------------------------
Mr. Rob DeSantis resigned from his position as a director of The
SpendSmart Payments Company on Jan. 29, 2014.  Mr. DeSantis
resigned from his post as director for personal reasons.  Mr.
DeSantis' departure from the Board was not the result of any
disagreements with the Company.  The Board expressed its
appreciation for Mr. DeSantis' past service and contributions to
the Company.

                         About SpendSmart

San Diego, Cal.-based The SpendSmart Payments Company is a
Colorado corporation.  Through the Company's subsidiary
incorporated in the state of California, The SpendSmart Payments
Company, the Company issues and services prepaid cards marketed to
young people and their parents.  The Company is a publicly traded
company trading on the OTC Bulletin Board under the symbol "SSPC."

The Spendsmart Payments incurred a net loss and comprehensive loss
of $12.58 million on $1.02 million of revenues for the year ended
Sept. 30, 2013, as compared with a net loss and comprehensive loss
of $21.09 million on $1 million of revenues during the prior year.

As of Sept. 30, 2013, the Company had $1.27 million in total
assets, $1.39 million in total liabilities, all current, and a
$123,174 total stockholders' deficit.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Sept. 30, 2013.  The independent auditors noted that
the Company has incurred net losses since inception and has an
accumulated deficit at Sept. 30, 2013.  These factors among others
raise substantial doubt about the ability of the Company to
continue as a going concern.


STELLAR BIOTECHNOLOGIES: Incurs $5.4 Million Loss in Nov. 30 Qtr.
-----------------------------------------------------------------
Stellar Biotechnologies, Inc., reported a loss and comprehensive
loss of $5.37 million on $59,164 of revenues for the three months
ended Nov. 30, 2013, as compared with a loss and comprehensive
loss of $765,855 on $115,727 of revenues for the same period a
year ago.

The Company's balance sheet at Nov. 30, 2013, showed $17.44
million in total assets, $9.03 million in total liabilities and
$8.40 million in total shareholders' equity.

A copy of the Form 6-K Report is available for free at:

                         http://is.gd/bPLIHj

                           About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

Stellar Biotechnologies incurred a loss and comprehensive loss of
$14.88 million on $545.46 million of revenues for the year ended
Aug. 31, 2013, as compared with a loss and comprehensive loss of
$5.19 million on $286.05 million of revenues for the year ended
Aug. 31, 2012.  The Company incurred a loss and comprehensive loss
of $3.59 million for the year ended Aug. 31, 2011.


SUNTECH POWER: Has Deal with Lenders on Chapter 15 Restructuring
----------------------------------------------------------------
Suntech Power Holdings Co., Ltd. on Jan. 31 disclosed that it has
signed a Restructuring Support Agreement relating to the petition
for involuntary bankruptcy filed against it under chapter 7 of the
U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern
District of New York.  Under the RSA signed by the petitioners for
the chapter 7 proceeding, the Company, the joint provisional
liquidators of the Company, and certain supporting holders of the
Company's 3% Convertible Senior Notes that include members of the
Company's creditor working group, the chapter 7 proceedings in the
U.S. have been stayed and a stipulation for the dismissal of the
chapter 7 proceedings will be executed and filed following
recognition of the provisional liquidation proceeding previously
filed by the Company in the Cayman Islands under chapter 15 of the
U.S. Bankruptcy Code.

In addition, the RSA provides that (among other things):

    The JPLs, on behalf of the Company, will use commercially
reasonable efforts to file the chapter 15 petition by February 21,
2014;

    The petitioners and supporting noteholders will support the
chapter 15 petition;

    The restructuring must treat all beneficial holders of the
notes pari passu;

    Upon performance of the RSA, the Company is required to
dismiss appeals of certain judgments obtained by the petitioners
relating to repayment of the Notes held by such petitioners; and

    The RSA may be terminated if the Company fails to  file the
chapter 15 petition by February 21, 2014, an order obtaining
recognition of the Cayman Islands restructuring proceeding is not
entered by the U.S. Bankruptcy Court by May 31, 2014, or the
Cayman Islands restructuring is not approved by December 31, 2014.

Mr. David Walker, one of the court appointed JPLs, said, "We are
pleased to have been able to work with all parties to bring this
agreement to fruition.  Finding common ground and alignment among
each of the Company, its large creditors, its small creditors, and
ourselves as the court appointed restructuring professionals
represents tremendous progress.  This agreement hopefully allows
us to continue to proceed with the Company's Cayman Islands
restructuring to preserve value in the interests of all
stakeholders."

                           About Suntech

Wuxi, China-based Suntech Power Holdings Co., Ltd., produces solar
products for residential, commercial, industrial, and utility
applications.  Suntech has delivered more than 25,000,000
photovoltaic panels to over a thousand customers in more than 80
countries.

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

Suntech Power had involuntary Chapter 7 bankruptcy proceedings
initiated against it on Oct. 14, 2013, in U.S. Bankruptcy Court in
White Plains, New York (Bankr. S.D.N.Y. Case No. 13-bk-13350), by
holders of more than $1.5 million of defaulted securities under a
2008 $575 million indenture.  The Chapter 7 Petitioners are
Trondheim Capital Partners, L.P., Michael Meixler, Longball
Holdings, LLC, and Jiangsu Liquidators, LLC.  They are represented
by Jay Teitelbaum, Esq., at Teitelbaum & Baskin LLP, in White
Plains, New York.


SYRINGA BANK: FDIC Named as Receiver; Sunwest Assumes All Deposits
------------------------------------------------------------------
Syringa Bank, Boise Idaho, was closed by the Idaho Department of
Finance, which appointed the Federal Deposit Insurance Corporation
(FDIC) as receiver.  To protect the depositors, the FDIC entered
into a purchase and assumption agreement with Sunwest Bank,
Irvine, California, to assume all of the deposits of Syringa Bank.
The six former branches of Syringa Bank will reopen as branches of
Sunwest Bank during their normal business hours.  Depositors of
Syringa Bank will automatically become depositors of Sunwest Bank.
Deposits will continue to be insured by the FDIC, so there is no
need for customers to change their banking relationship in order
to retain their deposit insurance coverage up to applicable
limits.  Customers of Syringa Bank should continue to use their
current branch until they receive notice from Sunwest Bank that
systems conversions have been completed to allow full-service
banking at all branches of Sunwest Bank.

Depositors of Syringa Bank can continue to access their money by
writing checks or using ATM or debit cards.  Checks drawn on the
bank will continue to be processed.  Loan customers should
continue to make their payments as usual.

As of September 30, 2013, Syringa Bank had approximately $153.4
million in total assets and $145.1 million in total deposits.

Sunwest Bank will pay the FDIC a premium of 0.75 percent to assume
all of the deposits of Syringa Bank.  In addition to assuming all
of the deposits of the Syringa Bank, Sunwest Bank agreed to
purchase essentially all of the failed bank's assets.


TEXAS INDUSTRIES: S&P Puts 'B-' CCR on CreditWatch Positive
-----------------------------------------------------------
Standard & Poor's Ratings Services said it placed its 'B-'
corporate credit rating and 'B-' senior unsecured debt rating on
Texas Industries Inc. on CreditWatch with positive implications.
This follows the announcement that the company has agreed to be
acquired by Martin Marietta.

The rating action is based on Texas Industries' contemplated
acquisition by higher-rated Martin Marietta.

Under the terms of the merger agreement, Martin Marietta will
acquire all outstanding shares of Texas Industries common stock in
a tax-free, stock-for-stock transaction.  Texas Industries
shareholders will receive 0.7 Martin Marietta shares for each
share of Texas Industries common stock they own at closing.  Based
on the closing market prices for the shares of both companies on
Jan. 27, 2014, and their debt levels as of their most recently
completed quarters, the combined company will have an enterprise
value of approximately $8.5 billion.

"In resolving the CreditWatch, we will monitor the progress that
the companies make toward closing the transaction, which we expect
to occur by the end of the second quarter," said Standard & Poor's
credit analyst Chiza Vitta.  "We expect to raise our corporate
credit rating on Texas Industries upon closing, aligning it with
the rating on Martin Marrieta, and subsequently to withdraw both
our corporate credit and issue-level ratings on the company once
the existing debt has been refinanced."


TOYS R US: 2016 Bank Debt Trades at 12% Off
-------------------------------------------
Participations in a syndicated loan under which Toys R Us is a
borrower traded in the secondary market at 87.96 cents-on-the-
dollar during the week ended Friday, Jan. 31, 2014, according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a decrease of 0.46
percentage points from the previous week, The Journal relates.
Toys R Us pays 450 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Aug. 17, 2016 and carries
Moody's B2 rating and Standard & Poor's B rating.  The loan is one
of the biggest gainers and losers among 205 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Toys "R" Us, Inc., headquartered in Wayne, New Jersey, is the
world's largest dedicated toy retailer, with annual revenues of
around $11 billion.


TXU CORP: 2014 Bank Debt Trades at 30% Off
------------------------------------------
Participations in a syndicated loan under which TXU Corp. is a
borrower traded in the secondary market at 70.13 cents-on-the-
dollar during the week ended Friday, Jan. 31, 2014, according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a decrease of 1.54
percentage points from the previous week, The Journal relates.
TXU Corp. pays 350 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Oct. 10, 2014 and carries
Moody's Caa3 rating and Standard & Poor's CCC- rating.  The loan
is one of the biggest gainers and losers among 205 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.


TXU CORP: 2017 Bank Debt Trades at 31% Off
------------------------------------------
Participations in a syndicated loan under which TXU Corp is a
borrower traded in the secondary market at 69.50 cents-on-the-
dollar during the week ended Friday, Jan. 31, 2014, according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a decrease of 1.28
percentage points from the previous week, The Journal relates. TXU
Corp. pays 450 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Oct. 10, 2017 and carries
Moody's Caa3 rating and Standard & Poor's CCC- rating.  The loan
is one of the biggest gainers and losers among 205 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.


UCI INT'L: Moody's Lowers CFR to B3; Alters Outlook to Negative
---------------------------------------------------------------
Moody's Investors Service lowered the ratings of UCI
International, Inc. -- Corporate Family and Probability of
Default, to B3 and B3-PD, from B2 and B2-PD, respectively. UCI is
the parent of United Components, Inc. In a related action, Moody's
lowered the ratings on UCI's senior secured bank credit facilities
to Ba3 from Ba2, and senior unsecured note to Caa1 from B3. The
rating outlook was changed to negative from stable.

The following ratings were lowered:

UCI International, Inc.

Corporate Family Rating, to B3 from B2;

Probability of Default Rating, to B3 from B2;

$75 million guaranteed senior secured revolving credit due 2016,
to Ba3 (LGD2, 17%) from Ba2 (LGD2, 18%);

$292 million (remaining amount) guaranteed senior secured term
loan due 2017, to Ba3 (LGD2, 17%) from Ba2 (LGD2, 18%);

$400 million guaranteed senior unsecured notes due 2019, to Caa1
(LGD5, 72%) from B3, (LGD5, 73%).

Ratings Rationale

The lowering of UCI's Corporate Family Rating to B3 reflects the
deterioration in financial performance and credit metrics amid
pressures in the automotive aftermarkets industry. Moody's
believes that despite the operational improvements implemented by
management over the past year, a recovery in operating performance
consistent with the prior rating is unlikely. For the LTM period
ending September 30, 2013 UCI's Debt/EBITDA approximated 8.8
(inclusive of Moody's standard adjustments). After excluding
factored receivables Debt/EBITDA remains high at about 7x. UCI's
EBITA/Interest was about 1.3x.

Moody's anticipates that UCI will maintain a strong market
position in filtration products with leading private label brands.
These products typically have regular replacement cycles in order
to maintain proper vehicle performance. The company's other
businesses include fuel delivery systems, cooling systems, and
vehicle electronics products. The replacement of these products
when they fail is non-discretionary and is required for proper
vehicle performance. In addition, the automotive aftermarket is
expected to benefit from increasing vehicle registrations over
intermediate-term.

However, over recent quarters the company has experienced several
industry pressures. These pressures include: softness in the
retail automotive aftermarket likely a result of general economic
pressures; strong consumer demand for new cars in 2013; increasing
lengths between consumer automotive servicing; and increased
pricing pressure from competitors and as a result of the ongoing
consolidation of the automotive aftermarket retailers. UCI also
anticipated generating significant synergies through operating
agreements with Fram Group (Autoparts Holdings) following the
acquisition of Fram by UCI's equity sponsor. While management
continues to make significant efforts in this area, the
realization of these synergies in amounts significant enough of
offset industry pressures has been challenging.

UCI's liquidity profile is anticipated to be adequate over the
next twelve months supported by cash on hand and a $75 million
revolving credit facility. The company's cash balances were about
$51 million at September 30, 2013 while availability under the
revolving credit facility approximated $68 million after about $7
million of outstanding letters of credit. Financial covenants
under the bank credit facilities are a senior secured leverage
ratio test and interest coverage ratio test and are expected to
have sufficient covenant cushion for UCI to access the vast
majority of the facility over the near-term. Moody's expects UCI
to generate negative free cash flow in the near-term as the
company continues to implement operating improvements to counter
recent industry trends. Yet, the company's cash balances and
revolver availability should support operating flexibility. UCI's
accounts receivable factoring program continues to represent a
liquidity risk if these programs are discontinued. Had UCI not
factored accounts receivables, additional accounts receivables of
$214.9 million would have been outstanding as of September 30,
2013. These factoring arrangements support the commercial
relationships between UCI and certain of its longstanding
customers. As such, these programs are expected to remain largely
in place over the intermediate term. Alternate liquidity is
anticipated to remain limited as essentially all the company's
domestic assets are expected to be used to secure the existing
senior secured credit facilities.

The negative rating outlook reflects Moody's belief that current
automotive aftermarket softness and pricing pressures will
continue to present headwinds against management's efforts to
improve profitability.

Future events that could drive UCI's ratings lower include: a
deteriorating liquidity profile, a deteriorating economic
environment, or market share losses which would drive lower
operating margins. Consideration for a lower rating would result
if any combination of the above factors would lead to
EBITA/Interest below 1x, increased leverage, or the expectation
that UCI will continue to generate negative free cash flow over
the intermediate-term.

Future events that could potentially improve the company's outlook
or ratings include: improvement in revenues and operating margins
through organic growth and debt reduction from improved free cash
flow generation. Consideration for a higher outlook or rating
could arise if any combination of these factors were to result in
EBITA/Interest sustained above 1.5x, and leverage approaching
6.0x.

The principal methodology used in this rating was the Global
Automotive Supplier Industry published in May 2013. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.

UCI International Inc. headquartered in Lake Forest, Illinois, is
one of the larger and more diversified companies primarily serving
the vehicle aftermarket. The company supplies a broad range of
filtration products, fuel delivery systems, cooling systems, and
vehicle electronics products; major brand names include Airtex,
Wells, ASC and Champ. While approximately 78% of revenues are
automotive aftermarket related, UCI also services customers within
the marine, mining, construction, agricultural, and industrial
vehicle markets. Revenues for the LTM period ending September 30,
2013 were $989 million. UCI is a wholly owned subsidiary of UCI
Holdings Limited which is owned by an affiliate of Rank Group
Limited.


UNITED CONTINENTAL: To Downsize Cleveland Hub Citing Losses
-----------------------------------------------------------
Susan Carey, writing for The Wall Street Journal, reported that
United Continental Holdings Inc. plans to cut operations this
spring at its loss-making Cleveland hub by about 36% based on
seats offered, leading to a reduction of 470 jobs, Chief Executive
Jeff Smisek said in a Feb. 1 memo to employees.

According to the report, Mr. Smisek said United will reduce its
daily departures out of the Ohio city by about 60%, starting in
April. The airline expects to keep about 25 big-jet departures, a
reduction of just one flight. But small-plane flights by its
regional airline partners will be reduced by more than 70%.

United's move comes against the backdrop of a pilot shortage
affecting the major airlines, the report said.

A new federal rule that requires new pilots to have 1,500 hours of
flight experience, instead of 250 hours, has caused a shortfall in
regional pilot ranks, the report related.  This is causing a
creeping pilot shortage among big airlines, which routinely
recruit new aviators from regional carriers.

"Although this is an industry issue, it directly affects us and
requires us to reduce our regional-partner flying, as several of
our regional partners are beginning to have difficulty flying
their schedules due to reduced new-pilot availability," the CEO
said in the memo, the report cited.


USEC INC: BlackRock Stake at 6.5% as of Dec. 31
-----------------------------------------------
BlackRock, Inc., disclosed in a Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of Dec. 31, 2013, it
beneficially owned 321,003 shares of common stock of USEC Inc.
representing 6.5 percent of the shares outstanding.  A copy of the
regulatory filing is available for free at http://is.gd/9xcUiK

                          About USEC Inc.

Headquartered in Bethesda, Maryland, USEC Inc. (NYSE: USU) --
http://www.usec.com/-- supplies enriched uranium fuel for
commercial nuclear power plants.

USEC disclosed a net loss of $1.20 billion in 2012 as compared
with a net loss of $491.1 million in 2011.  The Company's balance
sheet at Sept. 30, 2013, showed $1.70 billion in total assets,
$2.16 billion in total liabilities and a $462.1 million
stockholders' deficit.

PricewaterhouseCoopers LLP, in McLean, Virginia, 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 reported net losses and a stockholders'
deficit at Dec. 31, 2012, and is engaged with its advisors and
certain stakeholders on alternatives for a possible restructuring
of its balance sheet, which raise substantial doubt about its
ability to continue as a going concern.

                        Bankruptcy Warning

"A delisting of our common stock by the NYSE and the failure of
our common stock to be listed on another national exchange could
have significant adverse consequences.  A delisting would likely
have a negative effect on the price of our common stock and would
impair stockholders' ability to sell or purchase our common stock.
As of September 30, 2013, we had $530 million of convertible notes
outstanding.  Under the terms of our convertible notes, a
"fundamental change" is triggered if our shares of common stock
are not listed for trading on any of the NYSE, the American Stock
Exchange (now NYSE-MKT), the NASDAQ Global Market or the NASDAQ
Global Select Market, and the holders of the notes can require
USEC to repurchase the notes at par for cash.  We have no
assurance that we would be eligible for listing on an alternate
exchange in light of our market capitalization, stockholders'
deficit and net losses.  Our receipt of a NYSE continued listing
standards notification described above did not trigger a
fundamental change.  In the event a fundamental change under the
convertible notes is triggered, we do not have adequate cash to
repurchase the notes.  A failure by us to offer to repurchase the
notes or to repurchase the notes after the occurrence of a
fundamental change is an event of default under the indenture
governing the notes.  Accordingly, the exercise of remedies by
holders of our convertible notes or the trustee of the notes as a
result of a delisting would have a material adverse effect on our
liquidity and financial condition and could require us to file for
bankruptcy protection," the Company said in its quarterly report
for the period ended Sept. 30, 2013.

                           *     *     *

As reported by the TCR on Dec. 18, 2013, Moody's Investors Service
lowered USEC's Corporate Family Rating (CFR) to Ca from Caa1.  The
downgrade follows announcement that USEC has initiated a debt
restructuring plan and intends to file for reorganization under
Chapter 11 of the Bankruptcy Code.


VOGUE INTERNATIONAL: S&P Assigns 'B' CCR; Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Florida-based Vogue International LLC.  The
outlook is stable.

At the same time, S&P assigned a 'B' issue rating to the company's
new $445 million senior secured credit facility (composed of a
$30 million revolver and $415 million first-lien term loan).  The
recovery rating is '3', which indicates S&P's expectation of a
meaningful recovery (50% to 70%) for creditors in the event of a
payment default or bankruptcy.

"Our ratings on Vogue reflect the weaker credit metrics as a
result of the debt capitalization in conjunction with Carlyle
purchasing 49% of the company," said Standard & Poor's credit
analyst Jacqueline Hui.  "We estimate leverage will rise to just
above 4x from no debt.  In addition, we forecast the company's
financial policy will remain aggressive, in our view, given
Carlyle's partial ownership."

The ratings also reflect Standard & Poor's belief that Vogue's
product/brand focus in the highly competitive hair care products
industry is relatively narrow, and its size is relatively small
compared to much larger and more diversified personal care
players, including Procter & Gamble, Unilever, and L'Oreal.  S&P
believes the company benefits from sales growth prospects and
growing brand awareness but remains small and narrowly
concentrated in the premium mass segment of the hair care
industry.  This is currently the fastest growing segment of the
industry but, in S&P's view, also presents some risk during
economic downturns, when consumer discretionary spending tightens
and consumers become more price sensitive.

The stable outlook reflects S&P's view that Vogue will continue to
have good top line growth from successful product launches and
ncreased door penetration, and solid margins, such that credit
measures will remain at least near current pro forma levels over
the next year.  At the same time, S&P expects liquidity to remain
adequate, and covenant cushion of at least 15%.


WALTER ENERGY: Bank Debt Trades at 4% Off
-----------------------------------------
Participations in a syndicated loan under which Walter Energy Inc.
is a borrower traded in the secondary market at 96.29 cents-on-
the-dollar during the week ended Friday, Jan. 31, 2014, according
to data compiled by LSTA/Thomson Reuters MTM Pricing and reported
in The Wall Street Journal.  This represents a decrease of 2.23
percentage points from the previous week, The Journal relates.
Walter Energy Inc. pays 575 basis points above LIBOR to borrow
under the facility. The bank loan matures on March 14, 2018 and
carries Moody's B3 rating and Standard & Poor's B rating.  The
loan is one of the biggest gainers and losers among 205 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Walter Energy, Inc. is primarily a metallurgical coal producer
with additional operations in metallurgical coke, steam and
industrial coal, and natural gas.  Headquartered in Birmingham,
Alabama, the company generated $2 billion in revenue for the 12
months ended June 30, 2013.


WESTMORELAND COAL: BlackRock Stake at 5.7% as of Dec. 31
--------------------------------------------------------
BlackRock, Inc., disclosed in a Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of Dec. 31, 2013, it
beneficially owned 828,111 shares of common stock of Westmoreland
Coal Co. representing 5.7 percent of the shares outstanding.  A
copy of the regulatory filing is available for free at:

                         http://is.gd/7CraqI

                      About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest
independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland Coal incurred a net loss of $13.66 million in 2012, a
net loss of $36.87 million in 2011, and a net loss of $3.17
million in 2010.  The Company's balance sheet at Sept. 30, 2013,
showed $939.83 million in total assets, $1.22 billion in total
liabilities and a $280.31 million total deficit.

                           *     *     *

As reported by the TCR on Nov. 6, 2012, Standard & Poor's
Ratings Services raised its corporate credit rating on Englewood,
Co.-based Westmoreland Coal Co. (WLB). to 'B-' from 'CCC+'.

"The upgrade reflects our view that WLB is less vulnerable to
default after successfully negotiating less restrictive covenant
requirements for an unrated $110 million term loan due 2018," said
credit analyst Gayle Bowerman.  "Our assessment of WLB's business
risk profile as 'vulnerable' and financial risk profile as 'highly
leveraged' are unchanged.  We also revised our liquidity score to
'adequate' based on the covenant relief and additional liquidity
provided under the company's new $20 million asset-based loan
(ABL) facility from 'less than adequate'."

Westmoreland Coal carries a Caa1 corporate family rating from
Moody's Investors Service.


WPCS INTERNATIONAL: BlackRock Stake at 5.3% as of Dec. 31
---------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, BlackRock, Inc., disclosed that as of Dec. 31, 2013,
it beneficially owned 83,148 shares of common stock of WPCS
International Inc. representing 5.3 percent of the shares
outstanding.  A copy of the regulatory filing is available for
free at http://is.gd/JWOepY

                      About WPCS International

WPCS -- http://www.wpcs.com-- is a design-build engineering
company that focuses on the implementation requirements of
communications infrastructure.  The company provides its
engineering capabilities including wireless communications,
specialty construction and electrical power to the public
services, healthcare, energy and corporate enterprise markets
worldwide.

CohnReznick LLP, in Roseland, New Jersey, expressed substantial
doubt about WPCS International's ability to continue as a going
concern following the annual report for the year ended April 30,
2013.  The independent auditors noted that the Company has
incurred net losses and negative cash flows from operating
activities, had a working capital deficiency as of and for the
years ended April 30, 2013, and 2012, and has an accumulated
deficit as of April 30, 2013.

WPCS International incurred a net loss attributable to the Company
of $6.91 million for the year ended April 30, 2013, as compared
with a net loss attributable to the Company of $20.54 million for
the year ended April 30, 2012.

The Company's balance sheet at Oct. 31, 2013, showed $18.41
million in total assets, $13.87 million in total liabilities, and
$4.54 million in total equity.


YRC WORLDWIDE: Has Until Feb. 13 to Repay Convertible Notes
-----------------------------------------------------------
YRC Worldwide Inc. has reached an agreement with its lenders to
extend the deadline to repay the 6 percent convertible notes to
Feb. 13, 2014, and to permit repayment of the Series A and B Notes
with the cash equity proceeds from the equity transaction
previously announced on Dec. 23, 2013.  The company also announced
that it obtained approval from 100 percent of its pension fund
noteholders to amend and extend its obligation to December 2019
subject to closing the equity transaction.

"We appreciate the support of our lenders and pension fund
trustees and believe that we are on target to close the equity
transaction and the amendment and extension of the pension fund
note soon," said Jamie Pierson, chief financial officer of YRC
Worldwide.  "Once these interdependent transactions close, we will
continue moving forward with our global refinancing and plan to
refinance our existing senior debt facilities by mid to late
February," concluded Pierson.

                        About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers
its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

For the year ended Dec. 31, 2012, the Company incurred a net loss
of $136.5 million on $4.85 billion of operating revenue, as
compared with a net loss of $354.4 million on $4.86 billion of
operating revenue during the prior year.  As of Sept. 30, 2013,
the Company had $2.13 billion in total assets, $2.79 billion in
total liabilities and a $665.8 million total shareholders'
deficit.

                           *     *     *

As reported by the TCR on Aug. 2, 2013, Moody's Investors Service
affirmed the rating of YRC Worldwide, Inc., corporate family
rating at Caa3.  The ratings outlook is has been changed to
positive from stable.

"The positive ratings outlook recognizes the important progress
that YRCW has made in restoring positive operating margins through
implementation of yield management initiatives, during a period of
stabilizing demand in the less than truckload ('LTL') segment,"
the report stated.

In January 2014, Standard & Poor's Ratings Services said that it
raised its ratings on Overland Park, Kansas-based less-than-
truckload (LTL) trucker YRC Worldwide Inc. (YRCW), including the
corporate credit rating to 'CCC+' from 'CCC'.

"The upgrades reflect YRCW's improved liquidity position and
minimal debt maturities as a result of its proposed refinancing,"
said Standard & Poor's credit analyst Anita Ogbara.  Following the
completion of the proposed transaction, YRCW's nearest significant
debt maturity will be in 2019.  In addition, S&P expects further
cost savings from the extended labor agreement (which now runs
through 2019) to result in improved operating performance.


YRC WORLDWIDE: Successfully Reduces $300 Million in Debt
--------------------------------------------------------
YRC Worldwide Inc. successfully completed a series of transactions
that will reduce debt by approximately $300 million.  The Company
issued $250 million of common and preferred stock, the proceeds of
which will be used to retire the Company's convertible notes.
Additionally, approximately $50 million in principal amount of the
Company's other convertible notes were exchanged or converted to
common stock.  The Company also announced that it successfully
amended and extended its pension fund obligations to December 2019
and has satisfied the final conditions to its modified contract
with the International Brotherhood of Teamsters.

"Today is a great day in the history of YRCW.  Beginning in late
2011, this management team set a very deliberate course to
stabilize the company and return it to the prominence it once
held.  While we are not yet done with our operational turnaround
at YRC Freight, today's equity investment and subsequent reduction
of approximately $300 million in debt is an incredible validation
of the hard work and commitment of every single YRCW employee,"
said Jamie Pierson, chief financial officer of YRC Worldwide.

"This transaction will substantially delever the company's balance
sheet and improve the company's credit profile allowing us to move
forward with the final step in the company's capital structure
transformation which is refinancing the senior portion of our
debt.  We anticipate refinancing our senior debt facilities in mid
to late February and by doing so believe we will be able to reduce
our interest expense and extend the maturities for five years.
Most importantly, we can now fully focus on investing in our
employees, equipment and technology and improving our total
customer experience.  The anticipated capital structure will put
the company on solid financial footing and enable us to
concentrate on achieving best-in-class performance leading to
improved operating results for all of our stakeholders," concluded
Pierson.

Additional information about the transactions is available for
free at http://is.gd/QmoDny

                        About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers
its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

For the year ended Dec. 31, 2012, the Company incurred a net loss
of $136.5 million on $4.85 billion of operating revenue, as
compared with a net loss of $354.4 million on $4.86 billion of
operating revenue during the prior year.  As of Sept. 30, 2013,
the Company had $2.13 billion in total assets, $2.79 billion in
total liabilities and a $665.8 million total shareholders'
deficit.

                           *     *     *

As reported by the TCR on Aug. 2, 2013, Moody's Investors Service
affirmed the rating of YRC Worldwide, Inc., corporate family
rating at Caa3.  The ratings outlook is has been changed to
positive from stable.

"The positive ratings outlook recognizes the important progress
that YRCW has made in restoring positive operating margins through
implementation of yield management initiatives, during a period of
stabilizing demand in the less than truckload ('LTL') segment,"
the report stated.

In January 2014, Standard & Poor's Ratings Services said that it
raised its ratings on Overland Park, Kansas-based less-than-
truckload (LTL) trucker YRC Worldwide Inc. (YRCW), including the
corporate credit rating to 'CCC+' from 'CCC'.

"The upgrades reflect YRCW's improved liquidity position and
minimal debt maturities as a result of its proposed refinancing,"
said Standard & Poor's credit analyst Anita Ogbara.  Following the
completion of the proposed transaction, YRCW's nearest significant
debt maturity will be in 2019.  In addition, S&P expects further
cost savings from the extended labor agreement (which now runs
through 2019) to result in improved operating performance.


ZALE CORP: BlackRock Stake at 8.9% as of Dec. 31
------------------------------------------------
BlackRock, Inc., disclosed in a Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of Dec. 31, 2013, it
beneficially owned 2,927,440 shares of common stock of Zale Corp.
representing 8.9 percent of the shares outstanding.  A copy of the
regulatory filing is available for free at http://is.gd/w4aaXZ

                      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.

As of Oct. 31, 2013, Zale Corporation had $1.31 billion in total
assets, $1.16 billion in total liabilities and $152.95 million in
total stockholders' investment.


ZOAR INVESTMENT: Case Summary & 8 Unsecured Creditors
-----------------------------------------------------
Debtor: Zoar Investment Group, LLC
        3300 Holcomb Bridge Road, Suite 272
        Norcross, GA 30092

Case No.: 14-51899

Chapter 11 Petition Date: January 30, 2014

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Paul Reece Marr, Esq.
                  PAUL REECE MARR, P.C.
                  300 Galleria Parkway, N.W., Suite 960
                  Atlanta, GA 30339
                  Tel: 770-984-2255
                  Fax: (770) 984-0044
                  Email: paul@paulmarr.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kyeong H. "Kevin" Bai, manager.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/ganb14-51899.pdf


* Bank of America Settlement on Bonds That Soured Is Approved
-------------------------------------------------------------
Michael Corkery, writing for The New York Times' DealBook,
reported that a New York State Supreme Court justice on Jan. 31
approved an $8.5 billion settlement between Bank of America and a
group of mortgage securities investors, but the ruling contained a
caveat that could create new problems for the bank.

According to the report, Justice Barbara R. Kapnick blessed the
2011 agreement to cover some of the investors' mortgage losses,
but she also said that some of the legal claims by the investors
were excluded from the settlement.

Those claims cover potentially billions of dollars of mortgages
that were modified to help borrowers stay in their homes, the
report said.

Banking analysts estimate that Bank of America could have to pay
more money to settle those claims, but the amount is unclear, the
report related.  They said the ruling was a reminder that the
banks -- try as they might -- were far from putting their mortgage
problems behind them.

"This just made the bank's murky legal situation even murkier,"
said Mike Mayo, a banking analyst at CLSA, the report cited.


* Global Companies Address Latin American Risk
----------------------------------------------
James R. Hagerty and Robert Tita, writing for The Wall Street
Journal, reported that in recent years, Latin America has at times
rivaled Asia as a source of high-octane profit fuel for many
global companies.  Now, financial turmoil in parts of the region
is making investors jittery and forcing corporate executives to
explain how they are navigating growing risks there.

According to the report, Brazil has long been one of the fastest-
growing markets for appliance maker Electrolux AB. But the
Stockholm-based company said on Jan. 31 that a slowing Brazilian
economy and the weakness of the country's currency hurt its
fourth-quarter earnings. "We foresee lower demand in Brazil over
the next few quarters," Electrolux added.

During 3M Co.'s conference call with analysts on Jan. 30,
Venezuela proved to be a bigger talking point than China, even
though 3M's Chinese sales are about 20 times as much as in
Venezuela, the report related.

"Investors are definitely getting nervous" about the region, said
Robert Wertheimer, an analyst for Vertical Research Partners, the
report cited.

Companies should avoid relying on income from Latin American
subsidiaries to repay dollar-denominated loans, said Michael
Feder, a managing director at business consulting firm
AlixPartners LLP, the report added.  If Latin American currencies
continue to weaken, such loans will be more expensive to repay.


* Choate Hall Bags 2013 "Restructuring Deal of the Year" Award
--------------------------------------------------------------
Choate, Hall & Stewart LLP has received The M&A Advisor's 2013
"Restructuring Deal of the Year" (over $50 million to $100
million) award for representing Salus Capital Partners, LLC in the
restructuring and sale of National Envelope, the largest privately
held envelope manufacturer in North America.  After Salus
committed to provide a $67.5 million debtor-in-possession
financing, National Envelope ultimately secured a three-way $70
million sale.  Without the financing, National Envelope would have
been forced to liquidate its assets and terminate the vast
majority of its employees.

The M&A Advisor Turnaround Awards, now in their eighth year, honor
the excellence of the leading distressed investing, restructuring,
and turnaround deal-making professionals.  The awards are judged
by an independent jury of turnaround industry experts and are
respected as a top honor in the industry.

Choate's finance and restructuring team, led by partners John
Ventola and Sean Monahan, represented Salus Capital Partners, LLC
in the turnaround of National Envelope, which had filed for
Chapter 11 bankruptcy.  Salus' debtor-in-possession loan of $67.5
million provided the working capital that allowed National
Envelope to maintain its normal operations during the sales
process, which was developed as a private sale instead of a
typical Chapter 11 auction due to the need for a quick turnaround
time.  National Envelope's $70 million sale of its operating
assets, accounts receivable, and inventory to three different
companies enabled nearly all of National Envelope's 1,590
employees to keep their jobs at the same wages, benefits, and
location.

A leader in sophisticated financial transactions, Choate's Finance
and Restructuring Group has been nationally recognized as one of
the leading practices of its kind by US News & World Report.  With
commitments in excess of $20 billion, Choate represents leading
financial institutions, institutional investors, borrowers, and
issuers in a full range of financings, including senior
syndicated, second lien, mezzanine/subordinated, club and single-
lender facilities, and debtor-in-possession.

The M&A Advisor, founded in 1998, is a premier industry
organization facilitating connections and recognizing achievement
of top performers in the M&A, turnaround and financing industries.

Choate, Hall & Stewart LLP, one of the nation's leading law firms,
is consistently recognized for excellence by Best Lawyers in
America,Chambers USA,The Legal 500,World's Leading Lawyers,
International Who's Who of Lawyers, and Expert Guides.  With all
of its lawyers under one roof, Choate focuses on a core group of
areas where it represents clients across the United States and
internationally and provides exceptional efficiency, service and
value.  Choate's areas of focus include finance & restructuring,
corporate/M&A, private equity, high-stakes litigation, life
sciences, technology companies and intellectual property,
insurance/reinsurance, government enforcement and compliance, and
wealth management.


* Leslie D. Corwin Joins Blank Rome as Partner
----------------------------------------------
Blank Rome LLP on Jan. 29 disclosed that Leslie D. Corwin is
joining the Firm as a partner on February 1, 2014.  Mr. Corwin
brings significant experience in partnership law, with a special
focus on business ruptures, to the Firm.   He will practice in
Blank Rome's corporate litigation group, and will be based in the
Firm's New York office.

"Les has handled more partnership disputes for law firms and
accounting firms than any other lawyer, and we are thrilled that
he is bringing his unique practice to Blank Rome," said Alan J.
Hoffman, Chairman and Managing Partner.  "While Les will be based
in our New York office, he will also have a significant presence
in our California and Florida offices, where he has clients and
extensive litigation experience.  We look forward to his many
contributions as we continue to grow in existing and new markets."

Mr. Corwin joins Blank Rome from Greenberg Traurig where he had
served as a Principal Shareholder since 1998.  He represents
international and national law firms and accounting firms, broker-
dealers, investment banks, hedge funds, and real estate developers
in disputes, mergers and acquisitions, liquidations, dissolutions,
and bankruptcies.

He is skilled in the full range of valuation, accounting, and
ethical issues that typically arise in business ruptures, and has
acted on behalf of many of the largest law firm dissolutions,
including WolfBlock, Testa, Hurwitz & Thibeault, and Heller
Ehrman. He has also litigated issues of first impression and
testified as an Expert Witness.  His practice includes elements of
securities, employment law, ERISA, real estate, and bankruptcy
law.  His 1998 book, Law Firm Partnership Agreements, written with
Arthur Ciampi, is considered the definitive work on the subject.
He is a member of the Committee on Character and Fitness in New
York and of the American Law Institute.

Prior to Greenberg Traurig, Mr. Corwin was a Founding Partner of
Morrison Cohen. While there, Mr. Corwin litigated the landmark
case Dawson v. White & Case, 88 N.Y. 2d 666, 649 N.Y.S. 2d 364
(1996), which established good will as a law firm asset and led to
legislation allowing for the sale of legal practices in New York
State.

"I am impressed with Blank Rome's strategic direction and look
forward to joining the Firm at such an exciting time," said Mr.
Corwin.  "With a large and unique practice, I am confident that
Blank Rome's platform will be ideal for my clients and me and
provide us with the opportunity to grow."

                       About Blank Rome LLP

Blank Rome LLP -- http://www.BlankRome.com-- is one of America's
largest law firms.  With nearly 500 attorneys serving clients
around the globe, Blank Rome is an international law firm
representing businesses and organizations ranging from Fortune 500
companies to start-up entities.  Blank Rome helps its clients in
all aspects of their businesses.  The Firm's practices cover areas
including business tax; commercial and corporate litigation;
consumer finance; employment, benefits and labor; environmental
litigation; financial services; business restructuring and
bankruptcy; government relations; intellectual property; maritime,
international trade and public contracts; matrimonial; mergers &
acquisitions and private equity; product liability, mass torts,
insurance; public companies and capital formation; public finance;
real estate; trusts and estates; and white collar defense and
investigations.  Blank Rome also represents pro bono clients in a
wide variety of cases and matters.


* BOND PRICING -- For Week From Jan. 20 to 24, 2014
---------------------------------------------------

  Company               Ticker  Coupon Bid Price  Maturity Date
  -------               ------  ------ ---------  -------------
AES Eastern Energy LP   AES      9.670     4.125       1/2/2029
AES Eastern Energy LP   AES      9.000     1.750       1/2/2017
Alion Science &
  Technology Corp       ALISCI  10.250    64.500       2/1/2015
Allen Systems
  Group Inc             ALLSYS  10.500    53.250     11/15/2016
Buffalo Thunder
  Development
  Authority             BUFLO    9.375    39.500     12/15/2014
Cengage Learning
  Acquisitions Inc      TLACQ   10.500    24.125      1/15/2015
Cengage Learning
  Acquisitions Inc      TLACQ   12.000    16.500      6/30/2019
Cengage Learning
  Acquisitions Inc      TLACQ   13.250     1.375      7/15/2015
Cengage Learning
  Acquisitions Inc      TLACQ   10.500    24.125      1/15/2015
Cengage Learning
  Acquisitions Inc      TLACQ   13.250     1.375      7/15/2015
Cengage Learning
  Holdco Inc            TLACQ   13.750     1.375      7/15/2015
Champion
  Enterprises Inc       CHB      2.750     0.375      11/1/2037
Energy Conversion
  Devices Inc           ENER     3.000     7.875      6/15/2013
Energy Future
  Competitive
  Holdings Co LLC       TXU      8.175    10.100      1/30/2037
Energy Future
  Holdings Corp         TXU      5.550    38.490     11/15/2014
FiberTower Corp         FTWR     9.000     0.625       1/1/2016
GMX Resources Inc       GMXR     9.000     0.990       3/2/2018
Icahn Enterprises LP /
  Icahn Enterprises
  Finance Corp          IEP      8.000   101.250      1/15/2018
JPMorgan Chase Bank NA  JPM      6.000    78.962      8/19/2014
James River Coal Co     JRCC     7.875    27.028       4/1/2019
James River Coal Co     JRCC     4.500    31.500      12/1/2015
James River Coal Co     JRCC    10.000    31.500       6/1/2018
James River Coal Co     JRCC    10.000    26.750       6/1/2018
James River Coal Co     JRCC     3.125    25.250      3/15/2018
LBI Media Inc           LBIMED   8.500    30.000       8/1/2017
Lehman Brothers
  Holdings Inc          LEH      1.000    19.250      8/17/2014
Lehman Brothers
  Holdings Inc          LEH      1.000    19.250      8/17/2014
Lehman Brothers Inc     LEH      7.500    18.000       8/1/2026
MF Global Holdings Ltd  MF       1.875    52.000       2/1/2016
OnCure Holdings Inc     RTSX    11.750    48.875      5/15/2017
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Pulse Electronics Corp  PULS     7.000    77.447     12/15/2014
Residential
  Capital LLC           RESCAP   6.875    30.704      6/30/2015
School
  Specialty Inc/Old     SCHS     3.750    37.875     11/30/2026
Scotia Pacific Co LLC   MXM      7.710     0.188      1/20/2014
Scotia Pacific Co LLC   MXM      6.550     0.875      1/20/2007
Sealed Air Corp         SEE     12.000    96.125      2/14/2014
Snoqualmie
  Entertainment
  Authority             SNOENT   4.147    99.375       2/1/2014
THQ Inc                 THQI     5.000    43.500      8/15/2014
TMST Inc                THMR     8.000    18.250      5/15/2013
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250     5.600      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    29.875       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250     5.600      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500     6.625      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    26.010       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250     5.125      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500     4.375      11/1/2016
USEC Inc                USU      3.000    35.000      10/1/2014
WCI Communities
  Inc/Old               WCI      4.000     0.500       8/5/2023
Western Express Inc     WSTEXP  12.500    61.000      4/15/2015
Western Express Inc     WSTEXP  12.500    61.000      4/15/2015
YRC Worldwide Inc       YRCW     6.000    98.062      2/15/2014




                             *********

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 by e-mail.

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 the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
petitions in Acrobat PDF documents.

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.

                           *********

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, 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 2014.  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.


                  *** End of Transmission ***