TCR_Public/140204.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Tuesday, February 4, 2014, Vol. 18, No. 34

                            Headlines

ADGS ADVISORY: Incurs $361K Net Income for Nov. 30 Quarter
ADVANCED MICRO: Fitch Affirms 'CCC' LT Issuer Default Rating
ALL AMERICAN TRAILER: Claims Bar Date Set for March 26
AMERICAN NANO: Friedman LLP Raises Going Concern Doubt
ANDALAY SOLAR: CEO and CFO Marge Randazzo to Resign

ANDALAY SOLAR: Southridge Commits to Invest $5 Million
ANDERSON NEWS: Penguin Wins $2.4M From Time/Warner in NY Appeal
APRIA HEALTHCARE: S&P Raises CCR to BB- Following Coram Biz Sale
ARCHDIOCESE OF MILWAUKEE: Victims Ask for Judge Randa's Ouster
ARCHDIOCESE OF MILWAUKEE: UST Wants Pachulski Fees Reduced

ARCHDIOCESE OF MILWAUKEE: Sues OneBeacon to Recover Legal Fees
ASCEND LEARNING: S&P Raises CCR to 'B' on Refinancing
ASHLEY STEWART: Hires Adviser to Explore Strategic Alternatives
BEXAR COUNTY: Moody's Withdraws Caa3/C Ratings on 2001 Bonds
BISHOP OF STOCKTON: Wins Nod to Pay Pre-Bankruptcy Payroll

BISHOP OF STOCKTON: Wins Temporary Injunction vs. Utilities
BISHOP OF STOCKTON: Proposes Felderstein Fitzgerald as Counsel
BIXI: Setbacks Plague Vancouver's Bike Share Program
BRIGHT BEGINNINGS: Feb. 12 Online Sale of Church Property
BROWARD COUNTY: Moody's Rates Lowers Rating on 2006A Bonds to B1

BUILDERS GROUP: Secured Creditor Protest Surcharge Collateral
CAMARILLO, CA: S&P Lowers Rating on 1998 Revenue Bonds to 'B+'
CANYON HOLDINGS: Plan Trustee Directed to Complete Receivership
CE GENERATION: S&P Lowers Rating on $400MM Sr. Sec. Notes to 'B-'
COMARCO INC: Shareholders Elect Seven Directors

CENTRAL FEDERAL: OCC Terminates Cease and Desist Order
COMMERCIAL INTERIORS: Claims Bar Date Set for April 29
COMPETITIVE TECHNOLOGIES: Tonaquint Stake at 7.5% as of Jan. 23
CONSTELLATION ENTERPRISES: S&P Affirms 'B' CCR & Revises Outlook
CUI GLOBAL: Marathon Stake at 5.3% as of Dec. 31

DETROIT, MI: Mayor Plans to Cut Property Assessments
DETROIT, MI: City Turns Bankruptcy Into Challenge of Banks
DEWEY & LEBOEUF: WARN Defenses Fall Flat, Laid-Off Workers Say
DEWEY & LEBOEUF: Gave Bad Advice on Tax Shelter, $6MM Suit Says
DIOCESE OF GALLUP: Seeks to Access Wells Fargo Accounts

DIOCESE OF GALLUP: Wins Approval for Quarles & Brady as Counsel
DIOCESE OF GALLUP: Wins OK for Stelzner as Special Counsel
DTS8 COFFEE: Hires Moody Capital as Financial Advisor
DUKE REALTY: S&P Raises Preferred Stock Rating to 'BB+'
EAST RIDGE RETIREMENT: Fitch Rates $71.5MM Revenue Bonds 'B'

EASTMAN KODAK: Judge Rejects Shareholder Claims
ENERGY FUTURE: One KKR Rep Resigns from Board, Two Others Remain
ENERGY FUTURE: Director Resigns; Amends Cash Incentive Awards
ESHBEL TECHNOLOGIES: Fortissimo Acquires Insolvent Software Firm
EXIDE TECHNOLOGIES: Pacific Chloride Can Seek Fire Damages

EXTERRAN HOLDINGS: S&P Raises CCR to 'BB-' on Improved Credit
FLINT, MI: Lawsuit Could Force City Into Bankruptcy
FLORIDA GAMING: Committee Balks at Terms of Perez, Blank Hiring
FORESIGHT DEVELOPMENT: Foreclosure Sale Set for Feb. 21
FRIENDSHIP DAIRIES: Court Won't Reconsider Order for AgStar

FURNITURE BRANDS: Wants Court Approval to Sell Residual Assets
GADSDEN BUGGY WORKS: Inventory to Be Auctioned Off Feb. 21
GENERAL CABLE: Moody's Confirms B1 CFR & B2 Unsec. Notes Rating
GLD FOOD DISTRIBUTORS: Online Foreclosure Sale on Feb. 10
GLOBAL AVIATION: Panel Hires Alvarez & Marsal as Advisors

GLOBAL AVIATION: Has Approval to Conduct Auction on March 19
GLYECO INC: WCI Portfolio Manager Appointed to Board
GREEN FIELD ENERGY: Examiner Taps Stutzman Bromberg as Counsel
GREENFIELD SPECIALTY: S&P Revises Outlook & Affirms 'B+' CCR
GULF COAST WONDER: Claims Bar Date Set for April 15

HEENAN BLAIKIE: Plans Restructuring Amid Defections
HITCHING POST: Lot to Be Auctioned Off March 18
HUNTINGTON INGALLS: S&P Lowers Rating on 2006 Revenue Bonds to B+
IG INVESTMENTS: S&P Retains 'B' CCR Following Term Loan Increase
ISLAMORADA BOAT: Claims Bar Date Set for May 19

JFR HOMES: Unit C-27 of Harbortown Marina Condo to Be Sold Feb. 19
JUMP OIL: Wants Chapter 11 Bankruptcy Case Dismissed
KANSAS CITY SOUTHERN: Moody's Affirms (P)Ba1 Unsec. Shelf Rating
KOI POND PARTNERS: Foreclosure Judgment Issued by Fla. State Court
LABORATORY PARTNERS: Proposes to Sell Talon Unit to LabCorp

LE-NATURE INC: Trustee Inks $23.7MM Deal to End Dispute with K&L
LEHMAN BROTHERS: Wins Approval to Settle Fannie's $18.9BB Claim
LEHMAN BROTHERS: Wants Objections to Avoidance Protocol Denied
LEHMAN BROTHERS: Files 50th Status Report on Claims Settlement
LEHMAN BROTHERS: Seeks to Settle Claims of LB Japan et al.

LEHMAN BROTHERS: Deal on Claims Duplication Approved
LIGHTSQUARED INC: Cuts Deal on Short-Term Bankruptcy Loan
LEXARIA CORP: MNP LLP Raises Going Concern Doubt
LOCAL TV: S&P Withdraws 'B' CCR on Full Debt Repayment
LOEHMANN'S HOLDINGS: Gets $6.35MM from Madison for Sale of Leases

LOEHMANN'S HOLDINGS: Court Enters Order Changing Case Name
LOEHMANN'S HOLDINGS: Panel Hires FTI Consulting as Advisor
LOEHMANN'S HOLDINGS: Creditors' Panel Hires Kelley Drye as Counsel
MERITOR INC: S&P Assigns 'BB-' Rating to $415MM Secured Revolver
MF GLOBAL: Knighthead Questions Liquidation Fees

MICRON TECHNOLOGY: S&P Rates New Sr. Unsecured Notes 'BB-'
MID-ATLANTIC CORP: Fitch Hikes Viability Rating From 'b+'
NIRVANIX INC: Court Approves Brinkman Portillo as Panel's Counsel
NIRVANIX INC: Panel Can Hire Rosner Law as Delaware Counsel
NIRVANIX INC: Wants Case Converted Due to Insufficient Cash

OCWEN FINANCIAL: S&P Keeps B+ Loan Rating Over $2.2BB Refinancing
OMNI REAL ESTATE: Jan. 30 Online Auction of Retirement Home
OVERLAND STORAGE: Marathon Stake at 18.8% as of Dec. 31
PACE UNIVERSITY: S&P Lowers Rating on Outstanding Bonds to 'BB+'
PAR PHARMACEUTICAL: S&P Lowers CCR to 'B' Over JHP Purchase

PATIENT SAFETY: Brian Stewart Stake at 6.8% as of Dec. 31
PITNEY BOWES INT'L: Fitch Affirms 'BB' Preferred Stock Rating
PLANDAI BIOTECHNOLOGY: Hires Terry L. Johnson as New Accountant
QUANTUM FUEL: Ampery Asset No Longer Owns Common Shares
REEVES DEVELOPMENT: Disputes IberiaBank's Case Conversion Bid

RGR WATKINS: Judge May Dismisses Chapter 11 Bankruptcy Case
ROTECH HEALTHCARE: GAO Denies Protest Over $42MM in VA Contracts
RP & RP ENTERPRISES: Personal Property to Be Auctioned Off Feb. 6
SALTON SEA: S&P Lowers Rating on $285MM Sr. Secured Notes to 'BB'
SEARS HOLDINGS: Lead Director May Preside Over Exec. Sessions

SEVEN GENERATIONS: Moody's Rates $300MM Notes Add-on 'Caa1'
SILVERADO STREET: Files for Chapter 11 in San Diego
SOUTHERN FILM: Disclosure Statement Hearing Set for Feb. 11
SPC ARDMONA: Australia Rejects Aid Package for Food Processor
STELERA WIRELESS: Seeks to Expand American Legal's Services

TECHPRECISION CORP: Has Forbearance with Lender Until March 31
THERAPEUTICSMD INC: Registers 12 Million Shares for Resale
TLO LLC: Feb. 11 Hearing Set for Triax's Bid to Amend Sale Order
TRANS ENERGY: Reports Record Well Results in W.Va. Counties
TRONOX INC: Anadarko Petroleum Swings to Loss on Legal Charges

TRYALL OMEGA: Files Bankruptcy to Avoid Foreclosure
UNITEK GLOBAL: John Randall Stake at 9% as of Dec. 31
VISTEON CORP: S&P Alters Outlook to Positive on Proposed JCI Deal
VISUALANT INC: Marathon Stake at 5.7% as of Dec. 31
VISUALANT INC: Amends Fiscal 2013 Annual Report

WASFI A. MAKAR: Chapter 7 Trustee to Destroy Medical Records
WCS LENDING: Claims Bar Date Set for April 17
WESCO AIRCRAFT: S&P Puts 'BB-' CCR on CreditWatch Negative
WHEATLAND MARKETPLACE: Has Until April 30 to File Ch. 11 Plan
WOLF CREEK: Condo Unit to Be Sold at Feb. 11 Foreclosure Sale

ZOGENIX INC: Clarus Lifesciences No Longer a 5% Shareholder

* NJ High Court Tackles Tolling of Liens in Bankruptcy
* Bankruptcy Judges Nab Class Certification in Wage Suit
* BofA Swaps Desk Investigated by CFTC, DOJ
* FSOC Critics Get Some Senate Backing
* January U.S. Auto Sales Chilled by Winter Weather

* Justice Dept. Inquiry Takes Aim at Banks' Biz w/ Payday Lenders
* More Than Half of Distressed Investors to Seek Fresh Capital
* Senators Urge Fannie, Freddie to Aid Lower-Income Households
* Former TWA Pilots Settle Fight with Union for $53MM

* Large Companies With Insolvent Balance Sheet


                             *********


ADGS ADVISORY: Incurs $361K Net Income for Nov. 30 Quarter
-----------------------------------------------------------
ADGS Advisory, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, reporting a net
income of $361,679 on $1.13 million of revenues for the three
months ended Nov. 30, 2013, compared to a net income of $6,332 on
$609,599 of revenues for the same period in 2012.

The Company's balance sheet at Nov. 30, 2013, showed $5.68 million
in total assets, $5.39 million in total liabilities, and
stockholders' equity of $288,753.

As of Nov. 30, 2013, the Company had cash on hand of $471,625,
which represented an increase of $307,311 from $164,314 as of Aug.
31, 2013, total current assets of $1.78 million and total current
liabilities of $2.01 million.  Working capital was in deficit of
$233,445 and the ratio of current assets to current liabilities
was 0.9 to 1 as of Nov. 30, 2013.  Also, as of Nov. 30, 2013 the
Company had long term debt of $3.38 million which represented a
decrease of $72,769 from $3.45 million as of Aug. 31, 2013; total
assets of $5.68 million as of Nov. 30, 2013 representing an
increase of $916,082 from $4.77 million as of Aug. 31, 2013.  The
ratio of long term debts to total assets was 0.6 to 1 as of Nov.
30, 2013.  These conditions raise doubt about the Company's
ability to continue as a going concern, according to the
regulatory filing.

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

                       http://is.gd/cNt7nu

Kowloon, Hong Kong-based ADGS Advisory, Inc., formerly known as
Life Nutrition Products, Inc., was incorporated in the State of
Delaware in September 2007 under the name Life Nutrition Products,
Inc.  Pursuant to a Certificate of Amendment to its Certificate of
Incorporation filed with the State of Delaware and effective as of
July 19, 2013, the Company changed its corporate name from "Life
Nutrition Products, Inc." to "ADGS Advisory, Inc.".

ADGS is primarily engaged in providing accounting, taxation,
company secretarial and consultancy services in Hong Kong.


ADVANCED MICRO: Fitch Affirms 'CCC' LT Issuer Default Rating
------------------------------------------------------------
Fitch Ratings has affirmed the 'CCC' long-term Issuer Default
Rating (IDR) for Advanced Micro Devices Inc. (NYSE: AMD) and rated
the $500 million senior secured revolving credit facility (RCF)
'B/RR1'.  Fitch's actions affect approximately $2.5 billion of
total debt, including the mostly undrawn RCF.

The ratings reflect Fitch's expectations for negative near-term
free cash flow (FCF) and limited top-line visibility, despite
solid product momentum heading into 2014. As a result, Fitch
believes financial flexibility will remain limited as AMD seeks to
increase revenues from non-legacy personal computing (PC) markets
to 50% from 20% of total by 2015.

Fitch expects low- to mid-single-digit revenue growth in 2014,
driven by strong semi-custom and graphics accelerated processing
unit (APU) shipments. AMD's APU is designed into Microsoft's and
Sony's newly released game consoles, which significantly outsold
previous generations in the launch quarter, and longer product
life cycles should add a degree of revenue visibility.

AMD's ability to offset continued weakness in legacy PC markets,
which the company forecasts will decline by 10% in 2014, also will
depend on strong shipments of next-generation APUs for desktops,
as well as solid adoption of just launched low-power APUs for
tablets and ultra-thin notebooks and discrete and professional
graphics processing units (GPU).

Fitch expects operating EBITDA margin will expand to a high-
single-digit range in 2014 after bottoming in 2013, due to higher
revenues and lower fixed costs from completed restructuring.
Longer-term profitability will remain volatile, but Fitch believes
swift incremental restructuring is likely should the company's
business transformation lag targets.

Fitch expects AMD will see modest negative FCF in 2014 after
making a $200 million final payment to GLOBALFOUNDRIES (GF) for
the exclusivity waiver agreement. As a result, AMD should exit
2014 with cash below $1 billion. Given historical cash usage and
risks around AMD's business transformation, Fitch believes
financial flexibility is limited through at least the medium term.

Nonetheless, AMD strengthened liquidity in 2013 by entering into
the $500 million RCF, of which Fitch estimates $445 million was
available exiting fiscal 2013 after AMD drew $55 million during
the December 2013 quarter. The company also reduced its minimum
cash level to $600 million from $700 million, due to management's
expectations for increased revenue visibility.

Credit protection measures should remain volatile with total debt-
to-operating EBITDA and operating EBITDA-to-gross interest expense
ranging from low- to mid-single digits over the next few years.

Ratings Triggers:

Positive rating action could occur if:

-- AMD refinances $530 million of convertible senior notes due May
   2015;

-- Fitch gains confidence in AMD's ability to maintain cash above
   $1 billion from organic FCF, which likely would be driven by
   strong adoption of new product and validation of AMD's business
   transformation.

Negative rating action could occur if cash balances approach
minimum levels, likely from negative FCF resulting from weak
adoption of new products.

RATINGS DRIVERS:

Ratings are supported by AMD's:

-- Role as a credible alternative volume chip supplier for PCs, a
   large albeit shrinking market;

-- Significant intellectual property (IP) for APUs and GPUs, which
   underpin AMD's business transformation;

-- Outsourced manufacturing model, relieving the company from
   significant investments in leading edge manufacturing
   capabilities and strengthening FCF.

Ratings concerns include AMD's:

-- Lack of revenue visibility, which should improve if the
   company's business transformation is successful;

-- Volatile profitability and FCF, due to short technology and
   product cycles and Intel-driven pricing pressures;

-- Significantly lower financial flexibility than that of key
   competitors, including Intel, NVIDIA and Qualcomm.

Fitch believes liquidity was sufficient as of Dec. 28, 2013, pro
forma for the Dec. 31, 2013 $200 million payment to GF, and
consisted of:

-- $900 million of cash and cash equivalents, not including $90
   million of long-term marketable securities;

-- $500 million senior secured RCF due 2018, of which Fitch
   estimates $445 million was available at Dec. 28, 2013).

Fitch expects modest negative FCF in 2014, including the
aforementioned $200 million payment made to GF, and volatile FCF
over the longer-term.

Total debt was $2 billion at Dec. 28, 2013 and consisted primarily
of:

-- $530 million of 6% senior unsecured convertible notes due 2015;
-- $500 million of 8.125% senior unsecured notes due 2017;
-- $500 million of 7.75% senior unsecured notes due 2020;
-- $500 million of 7.5% senior unsecured notes due 2022.

AMD's Recovery Ratings (RRs) reflect Fitch's belief that the
company would be reorganized as a going concern rather than
liquidated in a bankruptcy scenario. To arrive at a going concern
value, Fitch believes AMD would: i) reorganize businesses serving
target markets (graphics chips and APUs), ii) wind down the legacy
PC business, and iii) sell the dense server business.

To reorganize the graphics business, Fitch starts with a $250
million post-restructuring operating EBITDA and applies a 5x
multiple (up from 4x due to positive product momentum and
separation from the legacy PC business) to arrive at a going
concern value of $1.25 billion. Fitch assumes value for the
legacy-PC business is de minimis, given expectations that AMD
would contribute key IP to the graphics business.

Finally, Fitch assumes AMD sells the dense server business for
$250 million, which represents a discount to AMD's $300 million
purchase of SeaMicro in 2012. Adding the $1.25 billion of going
concern value for the graphics business and $250 million of
proceeds leaves $1.35 billion after subtracting 10% for
administrative claims.

Fitch expects the fully drawn senior secured RCF, given
expectations for receivables levels at default, would recover
100%, resulting in an 'RR1'. The remaining amount available for
the senior unsecured debt would be $850 million, which equates to
42% recovery and an 'RR4'.

Fitch affirms the following ratings:

-- Long-term IDR at 'CCC';
-- Senior unsecured debt at 'CCC/RR4'.

Fitch rates the $500 million senior secured RCF at 'B/RR1'.


ALL AMERICAN TRAILER: Claims Bar Date Set for March 26
------------------------------------------------------
A petition commencing an assignment for the benefit of creditors
pursuant to chapter 727, Florida Statutes, made by All American
Trailer Manufacturing, Inc., assignor, with principal place of
business at 1840 NW 33 Street, Pompano Beach, FL 33064, to John A.
Moffa, assignee, whose address is 1776 N. Pine Island Rd., Suite
102, Plantation, Florida, 33322, was filed on Nov. 26, 2013.

Pursuant to Florida Statute 727.105 certain actions cannot be
taken in court.

To receive any dividend in the proceeding, creditors and other
interested parties must file a proof of claim with the assignee on
or before March 26, 2014.

The Attorneys for Assignee is:

     MOFFA & BONACQUISTI, P.A.
     1776 N Pine Island Rd., Suite 102
     Plantation, Florida, 33322
     Tel: 954-634-4733
     Fax: 954-337-0637
     E-mail: john@mbpa-law.com

The case is, In re Estate of ALL AMERICAN TRAILER MANUFACTURING,
INC., ASSIGNOR TO JOHN A. MOFFA, ASSIGNEE, pending before the
Circuit Court for the 17th Judicial Circuit in and for Broward
County, Florida, Case No.: CACE-13-026100


AMERICAN NANO: Friedman LLP Raises Going Concern Doubt
------------------------------------------------------
American Nano-Silicon Technologies, Inc., filed with the U.S.
Securities and Exchange Commission on Jan. 24, 2014, its annual
report on Form 10-K for the fiscal year ended Sept. 30, 2013.

Friedman LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
has suffered negative cash flows for the year ended Sept. 30, 2012
and has a net working capital deficiency as of Sept. 30, 2012.

The Company reported a net loss of $7.17 million on $798,390 of
revenues for the fiscal year ended Sept. 30, 2013, compared with a
net loss of $2.09 million on $89,378 of revenues in fiscal 2012.

The Company's balance sheet at Sept. 30, 2013, showed
$25.13 million in total assets, $17 million in total liabilities,
and stockholders' equity of $8.12 million.

A copy of the Form 10-K is available at:

                       http://is.gd/WfyIKP

                       About American Nano

Based in Sichuan, China, American Nano-Silicon Technologies, Inc.,
has been primarily engaged in the business of manufacturing and
distributing refined consumer chemical products through its
subsidiaries, Nanchong Chunfei Nano-Silicon Technologies Co.,
Ltd., Sichuan Chunfei Refined Chemicals Co., Ltd.,  and Sichuan
Hedi Veterinary Medicines Co., Ltd.

The Company reported a net loss of $2.1 million on $89,378 of
revenues in fiscal 2012, compared with net income of $3.4 million
on $16.1 million of revenues in fiscal 2011.

Friedman LLP, in New York, noted that the Company suspended its
operations in May 2011.  "In addition, the Company has suffered
negative cash flows for the year ended Sept. 30, 2012, and has a
net working capital deficiency as of Sept. 30, 2012, that raises
substantial doubt about its ability to continue as a going
concern."


ANDALAY SOLAR: CEO and CFO Marge Randazzo to Resign
---------------------------------------------------
Ms. Margaret Randazzo will be resigning as chief executive officer
and chief financial officer of Andalay Solar effective June 30,
2014.  Ms. Randazzo has accepted the role of chief financial
officer of Hillbrook School, an independent accredited
coeducational school in Los Gatos, California, effective July 1,
2014.

The Board of Directors of the Company is currently conducting a
search for a successor chief executive officer and chief financial
officer.  Ms. Randazzo will remain at the Company to provide
transitional assistance through the end of June 2014 and will
remain on the Board of Directors.  Andalay Solar is grateful for
Ms. Randazzo's contributions to the company over the past five
years.

                         About Andalay Solar

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

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

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

The Company's balance sheet at Sept. 30, 2013, showed $3.34
million in total assets, $6.24 million in total liabilities,
$180,468 in series A convertible redeemable preferred stock, $1.02
million in series D convertible preferred stock, and a $4.11
million total stockholders' deficit.


ANDALAY SOLAR: Southridge Commits to Invest $5 Million
------------------------------------------------------
Andalay Solar, Inc., on Jan. 23, 2014, entered into a new equity
purchase agreement with Southridge Partners II, LP, that
superseded the Company's prior Equity Purchase Agreement with
Southridge that was entered into on Nov. 25, 2013.

The terms of the new Equity Purchase Agreement are identical to
those of the Prior Equity Purchase Agreement other than that the
New Equity Purchase Agreement provides that the Agreement may not
be amended by either party.

Pursuant to the New Equity Purchase Agreement and as provided in
the Prior Equity Purchase Agreement, Southridge has committed to
purchase up to $5,000,000 worth of the Company's common stock,
over a period of time terminating on the earlier of: (i) 18 months
from the effective date of the registration statement to be filed
by the Company for the New Equity Purchase Agreement; or (ii) the
date on which Southridge has purchased an aggregate maximum
purchase price of $5,000,000 pursuant to the New Equity Purchase
Agreement; Southridge's commitment to purchase our common stock is
subject to various conditions, including, but not limited to,
limitations based on the trading volume of the Company's common
stock.

The Company intends to draw on the facility from time to time, as
and when the Company determines appropriate in accordance with the
terms and conditions of the New Equity Purchase Agreement.  The
purchase price for the Company's shares to be paid by Southridge
will be 90 percent of the lowest closing bid price of the
Company's common stock during the Valuation Period.

Pursuant to the terms of the  New Equity Purchase Agreement the
Company agreed to pay Southridge a commitment fee of 1,000,000
shares of the Company's common stock (having a value of $24,300
based upon the closing price of the Company's common stock on
Jan. 22, 2014), of which 500,000 shares of the Company's common
stock are to be issued to Southridge on the date that the
registration statement is declared effective and the remaining
500,000 shares of common stock are to be issued on the date that
the Company delivers its first Draw Down Notice to Southridge.

On Jan. 23, 2014, the Company also entered into a Registration
Rights Agreement with Southridge pursuant to which the Company
agreed to register shares of the common stock to be issued to
Southridge in connection with the New Equity Purchase Agreement.

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

                       http://is.gd/KhyaW0

                   Registers 35 Million Shares

Andalay Solar filed a Form S-1 registration statement with the
U.S. Securities and Exchange Commission relating to the offer and
resale of up to 35,000,000 shares of the Company's common stock,
par value $0.001 per share, by Southridge Partners II LP.  All of
those shares represent shares that Southridge has agreed to
purchase if put to it by the Company pursuant to the terms of the
Equity Purchase Agreement we entered into with them on Jan. 23,
2014, which superceded the Company's prior Equity Purchase
Agreement that we entered into on Nov. 25, 2013, subject to the
volume limitations and other limitations in the Equity Purchase
Agreement.

The Company will not receive any proceeds from the resale of these
shares of common stock offered by Southridge.  The Company will,
however, receive proceeds from the sale of shares directly to
Southridge pursuant to the Equity Line.

The Company's common stock became eligible for trading on the
OTCQB on Sept. 6, 2012.  The Company's common stock is quoted on
the OTCQB under the symbol "WEST".  The closing price of the
Company's stock on Jan. 22, 2014, was $0.0243.

A copy of the Form S-1 registration statement as filed with the
SEC is available for free at:

                         http://is.gd/J47nXP

                         About Andalay Solar

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

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

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

The Company's balance sheet at Sept. 30, 2013, showed $3.34
million in total assets, $6.24 million in total liabilities,
$180,468 in series A convertible redeemable preferred stock, $1.02
million in series D convertible preferred stock, and a $4.11
million total stockholders' deficit.


ANDERSON NEWS: Penguin Wins $2.4M From Time/Warner in NY Appeal
---------------------------------------------------------------
Law360 reported that a New York appellate court on Jan. 28 ordered
Time/Warner Retail Sales and Marketing Services Inc. to pay
Penguin Group USA Inc. nearly $2.4 million over books distributed
to a bankrupt wholesaler, finding Time/Warner's payment to Penguin
should have been based on actual returns as opposed to historical
return rates.

According to the report, a five-judge panel of the New York
Supreme Court's Appellate Division unanimously reversed Justice
Melvin L. Schweitzer's ruling denying Penguin's motion for summary
judgment on its breach of contract claim and granting Time/
Warner's cross-motion to dismiss the complaint.

The case is Penguin Group (USA) Inc. Plaintiff-Appellant, v.
Time/Warner Retail Sales & Marketing Services, Inc., Defendant-
Respondent.

                        About Anderson News

Anderson News LLC was a sales and marketing company for books and
magazines.  Anderson News ceased doing business in February 2009,
and was the subject of an involuntary Chapter 7 petition filed by
certain of its creditors (Bankr. D. Del. Case No. 09-10695) on
March 2, 2009.  The publishing companies claimed that Anderson
News owes them a combined $37.5 million.  An order for relief was
entered on Dec. 30, 2009, and the bankruptcy case was converted
from one under Chapter 7 to one under Chapter 11 on the same day.


APRIA HEALTHCARE: S&P Raises CCR to BB- Following Coram Biz Sale
----------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Apria Healthcare Group Inc. to BB-/Stable/-- from 'B+'
and removed it from CreditWatch positive.  This follows the
completion of the sale of Coram, its infusion therapy business and
subsequent satisfaction of all outstanding debt.  Subsequently,
S&P withdrew its corporate credit rating and all issue-level
ratings at the company's request.


ARCHDIOCESE OF MILWAUKEE: Victims Ask for Judge Randa's Ouster
--------------------------------------------------------------
Victims of clergy sex abuse asked a federal appeals court to
disqualify U.S. District Judge Rudolph Randa or overturn his
decision protecting funds held in the Archdiocese of Milwaukee's
cemetery trust.

Judge Randa handed down an opinion in July concluding that the
federal Religious Freedom Restoration Act of 1993 barred
creditors from suing to recover the $55 million held in trust for
maintenance of Catholic cemeteries.  Creditors appealed the
decision to the U.S. Court of Appeals in Chicago and asked the
higher court to force the judge to step down.

The sex abuse victims have filed their main brief, contending
that Judge Randa erred when he said the cemetery trust is
exempted from creditor claims by the 1993 RFRA, according to a
Jan. 23 report by Bloomberg News.

The victims said Judge Randa should have transferred the case to
another district judge because he has relatives buried in
Catholic cemeteries in Milwaukee, giving him a financial interest
in the dispute over the ownership of the funds, the news agency
reported.

The sex abuse victims also argued that Judge Randa was wrong
about RFRA.  According to them, the statute can be used only to
stop a governmental action adverse to a religious organization.
The creditors' committee, they pointed out, isn't part of the
government, its action wasn't taken under "color or law" and RFRA
offers no defense to a fraudulent-transfer claim.

The Milwaukee bishop is to file his answering brief on Feb. 14.
The committee's final brief is due Feb. 28, according to the
Bloomberg report.

The appeal is Official Committee of Unsecured Creditors v.
Listecki, 13-02881, U.S. Court of Appeals for the Seventh Circuit
(Chicago).  The lawsuit is Listecki v. Official Committee of
Unsecured Creditors (In re Archdiocese of Milwaukee), 11-02459,
U.S. Bankruptcy Court, Eastern District of Wisconsin (Milwaukee).

                  About Archdiocese of Milwaukee

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

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

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

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

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

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


ARCHDIOCESE OF MILWAUKEE: UST Wants Pachulski Fees Reduced
----------------------------------------------------------
A Justice Department official charged with regulating bankruptcy
cases has proposed to cut the fees and expense reimbursements
sought by Pachulski Stang Ziehl & Jones LLP.

Patrick Layng, U.S. Trustee for Region 11, is opposing the
proposed payment of $74,649 in fees, and reimbursement of $19,981
in expenses, which the firm incurred during October last year
related to the potential buyback of insurance policies.

Mr. Layng said the research conducted by the firm in anticipation
of an insurance buyback "does not appear necessary or of benefit
to the bankruptcy estate."

"Fees relating to services that do not benefit the estate or that
are not necessary to the administration of the case are not
compensable," the U.S. trustee said in court papers.

Pachulski is legal counsel of the committee representing
unsecured creditors of the Archdiocese of Milwaukee.

            Court Approves Fees of Richler, Pachulski

Separately, the bankruptcy court approved the quarterly fee
application of the Law Offices of Paul A. Richler for payment of
fees in the amount of $15,540, which it earned during the period
June 1 to August 31, 2013.

The court also approved the firm's monthly fee application for
payment of $5,904, which constitutes 80% of the total amount of
fees it earned during September last year.

Meanwhile, the court authorized the Archdiocese of Milwaukee to
pay $47,082 to Pachulski for fees and expenses incurred by the
firm during September last year.

                  About Archdiocese of Milwaukee

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

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

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

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

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

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


ARCHDIOCESE OF MILWAUKEE: Sues OneBeacon to Recover Legal Fees
--------------------------------------------------------------
The Archdiocese of Milwaukee sued OneBeacon Insurance Co. to
recover more than $2.6 million in legal fees.

The move came after the archdiocese's former insurance company
allegedly refused to pay the defense costs related to allegations
of clergy sexual abuse, according to a complaint filed by the
archdiocese's lawyer in U.S. Bankruptcy Court for the Eastern
District of Wisconsin.

"OneBeacon's breach of its duty of good faith and fair dealing
directly and proximately caused the debtor to suffer substantial
monetary damages," said the archdiocese's lawyer, John Rothstein,
Esq., at Quarles & Brady LLC, in Milwaukee, Wisconsin.

The case is Archdiocese of Milwaukee v. OneBeacon Insurance Co.,
11-20059, U.S. Bankruptcy Court, Eastern District of Wisconsin.

                  OneBeacon Asks Court to Lift Stay
                         for Appeal to Proceed

OneBeacon asked the U.S. Bankruptcy Court to lift the automatic
stay to permit the petition for review filed by the Archdiocese
of Milwaukee before the Wisconsin Supreme Court to proceed.

The archdiocese filed the petition in December 2010 to review an
opinion handed down by the Court of Appeals of Wisconsin in favor
of clergy sex abuse victims, who sued the archdiocese for
negligent misrepresentation and fraud.

The opinion dated Nov. 23, 2010, affirmed the decision by lower
courts, which handled the cases filed by the victims, that the
claims for negligent misrepresentation did not trigger insurance
coverage.

The appeals court's opinion concluded that the allegations
underlying the victims' complaints constituted volitional acts,
rather than accidents that would be covered under the policy
provided by insurance firms including OneBeacon.

The sex abuse victims alleged in their complaints that the
archdiocese's agents continued to allow the priests with history
of sexual abuse to have access to children through parishes and
schools although they were already confronted by former sex abuse
victims.

The victims also alleged that despite the archdiocese's knowledge
of the priests' history of sexual abuse, it represented that
children were safe in their presence.

According to OneBeacon, it was supposed to file a reply to the
petition in January 2011 but wasn't able to do so after the
archdiocese filed for bankruptcy protection, which automatically
halted the case.  The insurance firm wants the stay lifted to
permit the archdiocese's petition as well as any subsequent review
by the Supreme Court to proceed.

Archdiocese spokesman Jerry Topczewski said it would oppose
OneBeacon's motion, saying "it distracts from the real issues
needing resolution . . . to move the case forward," including the
payment of legal fees, Annysa Johnson, writing for the Milwaukee
Journal Sentinel, reported.

"OneBeacon has an obligation to pay for these costs under the
insurance policies and . . . the archdiocese is committed to
pursuing the monies it has coming to help pay the cost of the
bankruptcy proceeding," Topczewski said in an email to the news
agency.

OneBeacon Insurance is represented by:

     William J. Factor, Esq.
     Jeffrey K. Paulsen, Esq.
     FACTORLAW
     105 W. Madison, Suite 1500
     Chicago, IL 60602
     Tel: (847) 239-7248
     Fax: (847) 574-8233
     Email: wfactor@wfactorlaw.com
            jpaulsen@wfactorlaw.com

                  About Archdiocese of Milwaukee

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

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

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

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

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

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


ASCEND LEARNING: S&P Raises CCR to 'B' on Refinancing
-----------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on U.S. health care-related educational services provider
Ascend Learning LLC to 'B' from 'B-', and removed the ratings from
CreditWatch, where they were placed with positive implications on
Jan. 16, 2014.  The outlook is stable.

At the same time, S&P affirmed its 'B' issue-level rating (at the
same level as the corporate credit rating) on the company's
$448 million credit facility.  The recovery rating on this debt
remains '3', indicating S&P's expectation for meaningful (50% to
70%) recovery for lenders in the event of a payment default.  The
facility consists of a $408 million term loan due 2019 and a
$40 million revolving credit facility due 2019.

The company used proceeds of the credit facility to refinance the
company's existing revolving credit facility, first-lien term
loan, and second-lien term loan, the ratings on which have been
withdrawn.

The rating action reflects S&P's expectation that liquidity will
remain "adequate" following the satisfactory completion of the
company's refinancing, which extends debt maturities, reduces
interest expense, and relaxes covenants.  Also, operating
performance and reduced debt leverage have exceeded S&P's
expectations.  S&P expects revenues and EBITDA will increase at a
mid-single-digit percent rate in 2014, given solid end-market
demand, and that adjusted debt leverage will remain below 6x.  S&P
also anticipates that the company will be able to maintain a
sufficient margin of compliance with the revised leverage step-
down schedule.  "We assess the company's management and governance
as "fair."  We believe that the company has largely addressed
strategic execution missteps that occurred in 2012.  An interim
CEO, hired in early-2013, refocused on core businesses, halted
acquisitions, and cut costs.  A permanent CEO with significant
industry expertise has been named and is starting in early
February 2014," S&P said.

"We view Ascend Learning's business risk profile as "weak" (based
on our criteria), reflecting its lack of critical mass, niche
focus, and concentration in health care and related fields, which
are highly fragmented and competitive. It also reflects an
acquisition strategy that has involved some shortcomings in
integration.  Ascend Learning is a provider of educational
products with a focus on health care-related disciplines and
professional training and testing.  Operating synergies have been
difficult to achieve because of inherent difficulties in managing
performance across a growing and disparate business portfolio,"
S&P added.

The company's peers are larger and better capitalized and -- like
Ascend -- operate test preparation divisions for the nursing
licensing exam.  S&P currently expects that increased federal
government regulation of for-profit educational institutions and a
potential reduction in federal funding of student loans both will
have a minor effect on the company, as roughly 20% of its revenues
are derived from for-profit nursing institutions.  Still, S&P
expects the company's revenues to maintain a healthy growth trend
because of low attrition in the company's nursing schools and
favorable nursing employment opportunities.

S&P's "highly leveraged" financial risk profile assessment is
based on its expectation that leverage will remain above 5x, aided
by modest discretionary cash flow and notwithstanding ongoing
debt-funded acquisitions and special dividends over the
intermediate term.  S&P assess the company's financial policy as
"Financial sponsor-6", reflecting its private equity ownership.
In S&P's view, financial policy poses an obstacle to a more
favorable reassessment of its highly leveraged financial risk
profile.  A deliberate shift in financial strategy that supports
significant improvement in credit measures, such as debt to EBITDA
dropping below 5x, would be key to a review of S&P's financial
policy assessment.  S&P also could reassess the company's
financial policy as "Financial sponsor-5" if it becomes convinced
that the company will not seek to make a special dividend or
pursue additional debt-financed acquisitions over the intermediate
term.


ASHLEY STEWART: Hires Adviser to Explore Strategic Alternatives
---------------------------------------------------------------
Lillian Rizzo, writing for DBR Small Cap, reported that Ashley
Stewart Inc., a retailer of plus-size women's clothing bought out
of bankruptcy by GB Merchant Partners in 2010, has hired
PricewaterhouseCoopers as its financial adviser to evaluate
strategic alternatives as the company continues to struggle,
according to two people familiar with the situation.

The report related that the Secaucus, N.J., retailer has faced
difficulties since the summer, when Salus Capital Partners
provided a new line of credit to inject more capital into the
company, said the two people and a third person close to the
discussions.


BEXAR COUNTY: Moody's Withdraws Caa3/C Ratings on 2001 Bonds
------------------------------------------------------------
Moody's Investors Service withdraws the Caa3 and C ratings of
Bexar County (TX) Housing Finance Corporation Housing Revenue
Bonds (Nob Hill Apartments Project) Series 2001A and 2001B,
respectively.

Rating Rationale

The Series 2001B bonds have been in default since 2007 and most
recently the Series 2001A bonds missed debt service payments of
principal on June 1, 2013. On August 5, 2013, as per the notice
distributed by the trustee, the majority bondholders received the
title of the property and conducted a foreclosure of the property.
Subsequently, on August 16, 2013 the bonds were accelerated and
funds held in the trust along with sale proceeds were sufficient
to cover outstanding principal and interest on the 2001A and 2001B
bonds.


BISHOP OF STOCKTON: Wins Nod to Pay Pre-Bankruptcy Payroll
----------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of California
issued an order authorizing the Roman Catholic Bishop of Stockton
to pay pre-bankruptcy payroll and other obligations to its
employees.

The court order issued on Jan. 24 also authorizes the diocese to
pay all withholding and payroll taxes, and to continue to
administer its insurance programs and health plan.

The Stockton diocese, which has approximately 37 salaried
employees and seven hourly employees, projects it will have under
$15,000 in unpaid pre-bankruptcy payroll.

The diocese also owes $110,000 in total unused vacation pay, of
which about $42,000 is entitled to priority; $172,000 in unpaid
sick leave, of which about $23,000 is entitled to priority; and
$9,000 in accrued and unpaid personal time.

                     About Diocese of Stockton

The Diocese of Stockton, California was established on February
21, 1962, by Pope John XXIII from territory formerly located in
the Archdiocese of San Francisco and the Diocese of Sacramento.
The Diocese, comprising the six counties of San Joaquin,
Stanislaus, Calaveras, Tuolumne, Alpine, and Mono, currently
serves approximately 250,000 Catholics in 35 parishes.

As a religious organization, The Roman Catholic Bishop of
Stockton ("RCB") has no significant ongoing for-profit business
activities.  Revenue for the RCB principally comes from the annual
ministry appeal, fees for services provided to non-RCB entities,
donations, grants, and RCB ministry revenue.

When the Diocese was created, most, if not all, of the property of
the Parishes (excluding the pre- and/or elementary (K-8) schools)
was held in the name of the RCB. The RCB also held the property
for the cemeteries in the Diocese as well as some of the real
property to be used for future parishes.

Several Roman Catholic dioceses in the U.S. have filed for
bankruptcy to settle claims from current and former parishioners
who say they were sexually molested by priests.

In Stockton's case, the RCB filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Cal. Case No. 14-20371) in Sacramento on Jan. 15,
2014.  Judge Christopher M. Klein oversees the case.  Attorneys at
Felderstein Fitzgerald Willoughby & Pascuzzi LLP serve as counsel
to the Debtor.  The Debtor estimated assets of $1 million to $10
million and debt of $10 million to $50 million.

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


BISHOP OF STOCKTON: Wins Temporary Injunction vs. Utilities
-----------------------------------------------------------
The Roman Catholic Bishop of Stockton obtained an interim court
order prohibiting 13 utility companies from discontinuing their
services to the diocese.

Pursuant to the court order, the diocese, after receipt of a
written request for adequate assurance from a utility company, is
required to provide a cash deposit in an amount equal to 50% of
the estimated monthly cost of its utility consumption from the
company, less any amounts for pre-bankruptcy deposits.

If the diocese is provided with services under multiple accounts,
it may provide the utility company with one deposit that equals
50% of the aggregate estimated monthly usage under all of its
accounts with that company.

If a utility company is not satisfied with the assurance of
future payment provided by the diocese, it must serve a written
request for adequate assurance.  The request must be received by
the diocese's legal counsel within 30 days from the issuance of
the bankruptcy court's final order.

Without further court order, the diocese may enter into
agreements granting additional adequate assurance to a utility
company if it determines that the request is reasonable.

If the diocese determines that the request is unreasonable, it
has to file a motion seeking a determination from the
court that the deposit, plus any additional consideration it
offered constitutes adequate assurance of payment.  Pending a
hearing on the motion, the utility company is prohibited from
discontinuing its services to the diocese.

                     About Diocese of Stockton

The Diocese of Stockton, California was established on February
21, 1962, by Pope John XXIII from territory formerly located in
the Archdiocese of San Francisco and the Diocese of Sacramento.
The Diocese, comprising the six counties of San Joaquin,
Stanislaus, Calaveras, Tuolumne, Alpine, and Mono, currently
serves approximately 250,000 Catholics in 35 parishes.

As a religious organization, The Roman Catholic Bishop of
Stockton ("RCB") has no significant ongoing for-profit business
activities.  Revenue for the RCB principally comes from the annual
ministry appeal, fees for services provided to non-RCB entities,
donations, grants, and RCB ministry revenue.

When the Diocese was created, most, if not all, of the property of
the Parishes (excluding the pre- and/or elementary (K-8) schools)
was held in the name of the RCB. The RCB also held the property
for the cemeteries in the Diocese as well as some of the real
property to be used for future parishes.

Several Roman Catholic dioceses in the U.S. have filed for
bankruptcy to settle claims from current and former parishioners
who say they were sexually molested by priests.

In Stockton's case, the RCB filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Cal. Case No. 14-20371) in Sacramento on Jan. 15,
2014.  Judge Christopher M. Klein oversees the case.  Attorneys at
Felderstein Fitzgerald Willoughby & Pascuzzi LLP serve as counsel
to the Debtor.  The Debtor estimated assets of $1 million to $10
million and debt of $10 million to $50 million.

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


BISHOP OF STOCKTON: Proposes Felderstein Fitzgerald as Counsel
--------------------------------------------------------------
The Roman Catholic Bishop of Stockton is seeking approval from
U.S. Bankruptcy Judge Christopher Klein to hire Felderstein
Fitzgerald Willoughby & Pascuzzi LLP as its legal counsel.

Felderstein will assist the Stockton diocese in the preparation
of and confirmation of a plan of reorganization.  The firm will
also advise the diocese on bankruptcy-related matters including
negotiations with its creditors.

The firm will be paid on an hourly basis and will be reimbursed
of work-related expenses.  The hourly rates of its professionals
are:

   Professionals                                          Rates
   -------------                                          -----
   Steven Felderstein, Esq. -- sfelderstein@ffwplaw.com    $595
   Donald Fitzgerald, Esq. -- dfitzgerald@ffwplaw.com      $475
   Thomas Willoughby, Esq. -- twilloughby@ffwplaw.com      $475
   Paul Pascuzzi, Esq. -- ppascuzzi@ffwplaw.com            $450
   Jason Rios, Esq. -- jrios@ffwplaw.com                   $385
   Jennifer Niemann, Esq. -- jniemann@ffwplaw.com          $350
   Holly Estioko, Esq. -- hestioko@ffwplaw.com             $325
   Karen Widder, Legal Assistant -- kwidder@ffwplaw.com    $195

The firm is not a creditor, equity security holder or an insider
of the Stockton diocese, and does not represent interest adverse
to the diocese, according to a declaration by Paul Pascuzzi,
Esq., at Felderstein.

                     About Diocese of Stockton

The Diocese of Stockton, California was established on February
21, 1962, by Pope John XXIII from territory formerly located in
the Archdiocese of San Francisco and the Diocese of Sacramento.
The Diocese, comprising the six counties of San Joaquin,
Stanislaus, Calaveras, Tuolumne, Alpine, and Mono, currently
serves approximately 250,000 Catholics in 35 parishes.

As a religious organization, The Roman Catholic Bishop of
Stockton ("RCB") has no significant ongoing for-profit business
activities.  Revenue for the RCB principally comes from the annual
ministry appeal, fees for services provided to non-RCB entities,
donations, grants, and RCB ministry revenue.

When the Diocese was created, most, if not all, of the property of
the Parishes (excluding the pre- and/or elementary (K-8) schools)
was held in the name of the RCB. The RCB also held the property
for the cemeteries in the Diocese as well as some of the real
property to be used for future parishes.

Several Roman Catholic dioceses in the U.S. have filed for
bankruptcy to settle claims from current and former parishioners
who say they were sexually molested by priests.

In Stockton's case, the RCB filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Cal. Case No. 14-20371) in Sacramento on Jan. 15,
2014.  Judge Christopher M. Klein oversees the case.  Attorneys at
Felderstein Fitzgerald Willoughby & Pascuzzi LLP serve as counsel
to the Debtor.  The Debtor estimated assets of $1 million to $10
million and debt of $10 million to $50 million.

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


BIXI: Setbacks Plague Vancouver's Bike Share Program
----------------------------------------------------
Frances Bula, writing for The Globe and Mail, reported that
Vancouver's long wait for its bike-share system is a sign of
growing pains for an industry that has exploded in the past four
years from nothing to 25,000 bikes in more than 30 cities in North
America.

According to the report, the growing pains didn't just affect
Montreal's PBSC Urban Solutions, often called Bixi after its first
bike system, which filed for bankruptcy protection last week.

They also hit the American company, Alta Bicycle Share of
Portland, that made Bixi its major supplier as it morphed from a
small urban-design consulting firm to the only company in the
United States promising a one-stop shop for all things bike-share,
the report related.

Now, many cities are in limbo, the report said.

"We're learning a lot of lessons," Mia Birk, the president of Alta
Planning + Design, said, the report cited.  "It's an exciting
time. We've experienced a lot of challenges."


BRIGHT BEGINNINGS: Feb. 12 Online Sale of Church Property
---------------------------------------------------------
The Clerk of Court of the Circuit Court of Volusia County,
Florida, will sell property located at 910 Beville Road, Daytona
Beach, FL 32214, and 920 Beville Road, Daytona Beach, FL 32214,
including all buildings, structures and improvements at a public
sale, to the highest and best bidder, for cash, online at
https://www.volusia.realforeclose.com in accordance with Section
45.031, Florida Statutes, beginning at 11:00 a.m. on Feb. 12,
2014.

Assets to be sold also include personal property, furnishings,
fixtures, equipment, furniture, trade fixtures, and other items
like musical instruments, church pews, chairs, pulpits, podiums,
and all other items used in connection with the operation of the
premises as a church and related church functions.

The sale is made pursuant to the Amended Uniform Final Judgment of
Foreclosure entered on Jan. 21, 2014, nunc pro tunc, Jan. 8, 2014,
in the case, ASSEMBLIES OF GOD LOAN POOL, LLC, a Missouri
nonprofit limited liability corporation, Plaintiff, vs. BRIGHT
BEGINNINGS ACADEMY, LLC, a Florida limited liability company;
ATLANTIC ELECTRIC, LLC, a Florida limited liability company;
GUARDIAN SECURITY SYSTEMS, LLC, a Florida limited liability
company; INTERNATIONAL MIRACLE CENTER CHURCH, INC., d/b/a RELEVANT
CHURCH;, and, UNKNOWN TENANTS, Defendants.

ANY PERSON CLAIMING AN INTEREST IN THE SURPLUS FROM THE SALE, IF
ANY, OTHER THAN THE PROPERTY OWNER AS OF THE DATE OF THE LIS
PENDENS MUST FILE A CLAIM WITHIN 60 DAYS AFTER THE SALE.

Attorney for Plaintiff is:

     FISHER & SAULS, P.A.
     100-2nd Avenue South, Suite 701
     St. Petersburg, FL 33701
     Tel: 727-822-2033
     Fax: 727-822-1633


BROWARD COUNTY: Moody's Rates Lowers Rating on 2006A Bonds to B1
----------------------------------------------------------------
Moody's has downgraded to B1 the rating of Broward County, FL HFA
Single Family Series 2006A. Series 2006B has been confirmed at Ca.
This action, which affects $2.46 million of senior debt and
$275,000 of subordinate debt, removes the ratings from review.

Ratings Rationale

The rating of B1 on the Series 2006A bonds reflects the continued
weak performance of the bond program as well as the likelihood of
cash deficiencies in the future. The rating of Ca on the 2006B
bonds reflects that the bonds are secured by a pool of second
loans which has experienced extremely high levels of defaults and
that there is a very high likelihood of substantial cash
deficiencies in the payment of bond debt service in the future.

What Could Make The Rating Go Up

An upgrade of the bonds is unlikely given the weak financial
position of the bonds

What Could Make The Rating Go Down

Continued financial deterioration of the program and the
expectations of higher levels of losses

The principal methodology used in this rating was US Stand-Alone
Housing Bond Programs Secured by Credit Enhanced Mortgages
published in December 2012.


BUILDERS GROUP: Secured Creditor Protest Surcharge Collateral
-------------------------------------------------------------
CPG/GS PR NPL LLC, a secured creditor of Builders Group &
Development Corp., objects to the Debtor's request to surcharge
collateral because the Debtor opted not to seek consent to
use cash collateral.

Hermann D. Bauer, Esq., at O'Neill & Borges LLC, represents
CPG/GS.

A full text copy of CPG/GS's objection is available at:

                        http://is.gd/954MSO

According to Troubled Company Reporter on Dec. 2, 2013, the Debtor
filed papers with the Court seeking authority to deduct the
expenses incurred from rent payments received and other funds on
deposit with the Court; and surcharge expenses against Mall rents
on a monthly basis, from the time of the filing of the bankruptcy
petition, less cash collateral used.

The Debtor seeks to surcharge the collateral for the expenses
necessary to preserve the Cupey Professional Mall.  According to
the Debtor, the surcharge expenses are necessary because the Cupey
Mall could not have continued in operation, nor would Cupey Mall
have received the rents that it has received, if the expenses were
not incurred.  The claimed expenses are also quite minimal and
reasonable.  And the claimed expenses have been incurred primarily
for the benefit of CPG/GS NPL, LLC up to this point.

                       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
is represented by Kendra Loomis, Esq. at G A Carlo-Altieri &
Associates.  Jose M. Monge Robertin, CPA, and Monge Robertin &
Asociados Inc. serve as the Debtor's CPA/Insolvency and
Restructuring Advisor.


CAMARILLO, CA: S&P Lowers Rating on 1998 Revenue Bonds to 'B+'
--------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating on
Camarillo, Calif.'s (Park Glenn Apartments Project) series 1998
multifamily housing revenue bonds to 'B+' from 'BB'.  The outlook
is negative.  The bonds are secured by the Fannie Mae passthrough
certificate.

The action is based on S&P's view of the project's inability to
sufficiently pay full and timely debt service on the bonds.

The rating reflects S&P's view of:

   -- The insufficiency of revenues from mortgage debt service
      payments and investment earnings to pay full and timely debt
      service on the bonds and fees until maturity,

   -- A projected decline in debt service coverage (DSC) to below
      investment-grade levels beyond 2021, and

   -- A projected decrease in asset/liability parity to below 100%
      in 2024.


CANYON HOLDINGS: Plan Trustee Directed to Complete Receivership
---------------------------------------------------------------
The Hon. Marc Barreca of the U.S. Bankruptcy Court for the Western
District of Washington directed Marc S. Stern, as Plan Trustee and
receiver for Canyon Holdings LLC Series Southgate 42, to take
steps necessary to complete the receivership pending in the King
County Superior Court.

On Dec. 9, 2013, the Bankruptcy Court entered an order providing
that upon the filing of a copy of the final order from the King
County Superior Court closing the receivership, the Bankruptcy
Court Clerk was authorized to close the Debtor's case.  The King
County Superior Court order closing the receivership was filed on
Dec. 24, 2013.

The Plan Trustee related that an order must be entered closing the
Chapter 11 case nunc pro tunc to Dec. 31, 2013, the date upon
which the Court authorized disbursal of all remaining funds and
seven days after the conditions for closing the case were met by
filing of the final King County Superior Court order closing the
receivership.

In the Order, the Court also approved:

   1. $4,447 in final fees for the Plan Trustee; and

   2. $2,100 in estimated fees through closing of the King County
      Superior Court receivership action.

The fees are also approved as an expense of administration, and
the final fees of $4,447 will be paid first from the funds in the
Plan Trustee's possession with the balance to be paid from funds
being held by Whatcom Land Title Company.

The Court added that upon entry of a final order in the Superior
Court, the Clerk may close the Debtor's Chapter 11 case.

                       About Canyon Holdings

Clyde Hill, Wash.-based Canyon Holdings LLC Series Southgate 42
owns a condominium project in Bellingham, Wash., and is presently
leasing the units it owns in the facility.

Petitioner Joseph Novack filed an involuntary Chapter 11
bankruptcy petition against the Company (Bankr. W.D. Wash. Case
No. 12-11327) on Feb. 13, 2012.  Jeffrey B. Wells, Esq., in
Seattle, Washington, assists the Debtor in its restructuring
efforts.

Mr. Novack obtained an order from the Bankruptcy Court declaring
Canyon Holdings in default as required under Section 303 of the
Bankruptcy Code.

The U.S. Trustee has not appointed a committee of unsecured
creditors in the Debtor's case.

In 2012, the Bankruptcy Court confirmed the Plan of Reorganization
dated as of March 20, 2012, as proposed by Canyon Holdings LLC
Series Southgate 42 and Nantucket Fund, Inc.  Marc S. Stern was
then appointed as Plan Trustee.  The plan contemplates the sale of
real estate property under a Commercial & Investment Real Estate
Purchase and Sale Agreement (CIREPSA) dated Feb. 6, 2012, between
J. Hugh Wiebe and Canyon Holdings LLC.  The price was previously
set at $6 million.  The sale closed in July 2012, with the Plan
Trustee agreeing to a reduced purchase price to account for
repairs, mold mitigation, and related items totaling $121,800.


CE GENERATION: S&P Lowers Rating on $400MM Sr. Sec. Notes to 'B-'
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its rating
to 'B-' from 'BB' on CE Generation LLC's (CE Gen) $400 million
senior secured notes due 2018.  S&P also revised its recovery
rating to '2' from '1' on the notes.  The outlook is negative.

"The rating action reflects our anticipation of substantial
deterioration in cash distributions received and holding company
debt service coverage at CE Gen," said Standard & Poor's credit
analyst Tony Bettinelli.

The negative outlook reflects S&P's anticipation that CE Gen will
have insufficient funds in 2014 and 2015 to service debt as a
result of a distribution lockup at its primary operating unit,
Salton Sea Funding Corp., and will thus have to rely on parental
support.


COMARCO INC: Shareholders Elect Seven Directors
-----------------------------------------------
Comarco, Inc., held its annual meeting of shareholders on Jan. 23,
2014.  At that Meeting, the Company's shareholders:

    (i) elected Paul Borowiec, Wayne G. Cadwallader, Thomas W.
        Lanni, Richard T. LeBuhn, Michael R. Levin, Michael H.
        Mulroy, and Louis E. Silverman as directors to serve until
        the next Annual Meeting of Shareholders and until their
        successors are elected;

  (ii) approved, on an advisory basis, the compensation of the
       Company's named executive officers;

(iii) approved, on an advisory basis, a yearly advisory votes to
       approve the compensation of the Company's named executive
       officers; and

  (iv) ratified the appointment of Squar, Milner, Peterson,
       Miranda & Williamson LLP as the Company's independent
       registered public accounting firm for the fiscal year
       ending Jan. 31, 2014.

                         About Comarco Inc.

Based in Lake Forest, California, Comarco, Inc. (OTC: CMRO)
-- http://www.comarco.com/-- is a provider of innovative,
patented mobile power solutions that can be used to power and
charge notebook computers, mobile phones, and many other
rechargeable mobile devices with a single device.

Comarco disclosed a net loss of $5.59 million on $6.33 million of
revenue for the year ended Jan. 31, 2013, as compared with a net
loss of $5.31 million on $8.06 million of revenue for the year
ended Jan. 31, 2012.  As of Oct. 31, 2013, the Company had $2.39
million in total assets, $9.78 million in total liabilities and a
$7.39 million total shareholders' deficit.

Squar, Milner, Peterson, Miranda & Williamson, LLP, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company has suffered recurring losses and
negative cashflow from operations, has negative working capital
and uncertainties surrounding the Company's ability to raise
additional funds.  These factors, among others, raise substantial
doubt about its ability to continue as a going concern.


CENTRAL FEDERAL: OCC Terminates Cease and Desist Order
------------------------------------------------------
The Office of the Comptroller of the Currency has terminated the
Cease and Desist Order against CFBank, a subsidiary of Central
Federal Corporation, effective Jan. 23, 2014.  The CFBank Order
has been in place since May 25, 2011, which was prior to the 2012
capital raise and recapitalization of Central Federal Corporation
and CF Bank by the current management team and standby investor
group led by Timothy O'Dell (CEO), Thad Perry (President) and
Robert Hoeweler (Chairman).

O'Dell said, "The lifting of the CFBank Order reflects the
improved capital position of CFBank.  We have established a very
good working relationship with the OCC and will continue to work
closely with them as we continue to enhance our performance going
forward, and reposition CFBank into a niche full service business
bank, focused on serving closely held businesses and the
entrepreneurs that own them."

Robert Hoeweler, Chair, added that, "The lifting of the CFBank
Order represents a new chapter for CFBank and Central Federal
Corporation, and we anticipate that it will open up additional
business opportunities for CFBank.  In addition it recognizes the
results of the diligent work and focus of our leadership team and
Board."

CFBank has also announced that it will be expanding its presence
in Ohio, with the opening of an office in the Cleveland, Ohio area
next week.  With the expansion into the Cleveland market, CFBank
will now have a presence in three (3) major metro markets in Ohio
along with its two (2) branches located in Columbiana County.  "We
are extremely gratified by the positive reception by businesses
and business customers to our unique approach to banking," says
Thad Perry, president.  CFBank's business model is centered on
value added business banking delivered through senior relationship
managers and providing access to its senior management.

Tim O'Dell, CEO, points out that, "This is an exciting time for
our Bank.  During the past 15 months our Team has worked
diligently to improve credit quality, and reposition CFBank and
our Team has demonstrated the ability to attract quality business
banking relationships throughout our footprint.  With the addition
of our Cleveland office, our footprint will now include the
greater Cleveland, Fairlawn (Akron) and Columbus markets as well
as Columbiana County.  As we enter 2014, our loan and business
pipelines remain strong."

On May 25, 2011, Central Federal and CFBank each consented to the
issuance of an Order to Cease and Desist (the Holding Company
Order and the CFBank Order, respectively, and collectively, the
Orders) by the Office of Thrift Supervision (OTS), the primary
regulator of the Holding Company and CFBank at the time the Orders
were issued.

The Holding Company Order required it, among other things, to: (i)
submit by June 30, 2011, a capital plan to regulators that
establishes a minimum tangible capital ratio commensurate with the
Holding Company's consolidated risk profile, reduces the risk from
current debt levels and addresses the Holding Company's cash flow
needs; (ii) not pay cash dividends, redeem stock or make any other
capital distributions without prior regulatory approval; (iii) not
pay interest or principal on any debt or increase any Holding
Company debt or guarantee the debt of any entity without prior
regulatory approval; (iv) obtain prior regulatory approval for
changes in directors and senior executive officers; and (v) not
enter into any new contractual arrangement related to compensation
or benefits with any director or senior executive officer without
prior notification to regulators.

The CFBank Order required CFBank to have by Sept. 30, 2011, and
maintain thereafter, 8% Tier 1 (Core) Capital to adjusted total
assets and 12% Total Capital to risk weighted assets.  CFBank will
not be considered well-capitalized as long as it is subject to
individual minimum capital requirements.

CFBank did not comply with the higher capital ratio requirements
by the Sept. 30, 2011, required date.

                       About Central Federal

Fairlawn, Ohio-based Central Federal Corporation (Nasdaq: CFBK) is
the holding company for CFBank, a federally chartered savings
association formed in Ohio in 1892.  CFBank has four full-service
banking offices in Fairlawn, Calcutta, Wellsville and Worthington,
Ohio.

The Company incurred a net loss of $3.76 million in 2012, a net
loss of $5.42 million in 2011, a net loss of $6.87 million in
2010, and a net loss of $9.89 million in 2009.  The Company's
balance sheet at Sept. 30, 2013, showed $250.39 million in total
assets, $228.43 million in total liabilities and $21.95 million in
total stockholders' equity.


COMMERCIAL INTERIORS: Claims Bar Date Set for April 29
------------------------------------------------------
A petition commencing an assignment for the benefit of creditors
pursuant to chapter 727, Florida Statutes, executed by Commercial
Interiors of Jacksonville, Inc., with its principal place of
business at 4501 Irvington Avenue, Jacksonville, Florida 32210,
and delivered to Mark Healy of Michael Moecker & Associates, Inc.,
assignee, whose address is 841 Prudential Drive, Jacksonville,
Florida 32207, was filed on Dec. 30, 2013.

To receive any dividend in the proceeding, creditors and parties
in interest must file a proof of claim with the assignee or the
assignee's attorney on or before April 29, 2014.

The case is, In re: COMMERCIAL INTERIORS OF JACKSONVILLE, INC.,
Assignor, To: MARK HEALY OF MICHAEL MOECKER & ASSOCIATES, INC.,
Assignee, pending before the Circuit Court Fourth Judicial Circuit
in and for Duval County, Florida, Case No.: 16-2013-CA-011189,
DIVISION: CV-F


COMPETITIVE TECHNOLOGIES: Tonaquint Stake at 7.5% as of Jan. 23
---------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Tonaquint, Inc., and its affiliates disclosed
that as of Jan. 23, 2014, they beneficially owned 1,440,011 shares
of common stock of Competitive Technologies, Inc., representing
7.51 percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/SlbZ4b

                    About Competitive Technologies

Fairfield, Conn.-based Competitive Technologies, Inc. (OTC QX:
CTTC) -- http://www.competitivetech.net/-- was established in
1968.  The Company provides distribution, patent and technology
transfer, sales and licensing services focused on the needs of its
customers and matching those requirements with commercially viable
product or technology solutions.  Sales of the Company's
Calmare(R) pain therapy medical device continue to be the major
source of revenue for the Company.

Competitive Technologies incurred a net loss of $3 million on
$546,139 of gross profit from product sales in 2012, as compared
with a net loss of $3.59 million on $1.86 million of gross profit
from product sales in 2011.  The Company's balance sheet at
Sept. 30, 2013, showed $4.70 million in total assets, $10.42
million in total liabilities, and a $5.71 million total
shareholders' deficit.

Mayer Hoffman McCann CPAs (The New York Practice of Mayer Hoffman
McCann P.C.), in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2012.  The independent auditors noted that at Dec. 31,
2012, the Company has incurred operating losses since fiscal year
2006.


CONSTELLATION ENTERPRISES: S&P Affirms 'B' CCR & Revises Outlook
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it revised its rating
outlook on Constellation Enterprises LLC to negative from stable.
At the same time, S&P affirmed the ratings on the company,
including the 'B' corporate credit rating.  The recovery ratings
on the debt issues remain unchanged.

"The negative outlook reflects Constellation's weak operating
performance, which has resulted in stretched credit measures for
its 'highly leveraged' financial risk profile," said Standard &
Poor's credit analyst Carol Hom.  Although S&P expects the
company's operating and financial performance to improve this
year, the level of improvement remains uncertain and will depend
on business conditions stabilizing.  S&P considers Constellation's
business risk profile to be "vulnerable," stemming from its
participation in the small, highly cyclical, and competitive
industrial manufacturing sector, which consists of players of
varying sizes.

The company is exposed to risks from unexpected loss of customers,
which can and has affected profitability historically.
Nonetheless, S&P expects the company to maintain its position as
an established supplier of custom engineered components for
products with a high cost of failure (including reputation damage,
customer loss, and failure to implement the component into
product).  The company is also exposed to volatile raw material
prices, which S&P considers a risk and have factored into its
business risk profile assessment.

The outlook is negative.  "We believe Constellation's operating
performance will continue to be weak and its credit metrics will
remain stretched for the rating," said Ms. Hom.

S&P could lower the rating if the company's operating performance
declines further, if it experiences higher-than-expected cash
outflows, or if its liquidity becomes weaker due to negative free
cash flow or availability under its revolver becomes limited.  S&P
could also lower the rating if it believes Constellation is
unlikely to successfully refinance its asset-based lending (ABL)
credit facility in 2015 - before its maturity in early 2016.

S&P could revise the outlook to stable if it expects the company's
operating performance and credit metrics to improve, and if S&P
expects this trend to continue.  For instance, S&P could revise
the outlook to stable if it expects total debt to EBITDA to fall
below 6x and remain there, if free cash flow is positive, and if
the company is likely to refinance its capital structure well in
advance of maturities.


CUI GLOBAL: Marathon Stake at 5.3% as of Dec. 31
------------------------------------------------
Marathon Capital Management, LLC, disclosed in a Schedule 13G
filed with the U.S. Securities and Exchange Commission that as of
Dec. 31, 2013, it beneficially owned 1,087,525 shares of common
stock of CUI Global, Inc., representing 5.3 percent of the shares
outstanding.  A copy of the regulatory filing is available for
free at http://is.gd/Qtz2mD

                          About CUI Global

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

CUI Global reported a net loss allocable to common stockholders of
$48,763 in 2011, compared with a net loss allocable to common
stockholders of $7.01 million in 2010.  The Company's balance
sheet at Sept. 30, 2013, showed $92.05 million in total assets,
$20.48 million in total liabilities and $71.56 million in total
stockholders' equity.

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


DETROIT, MI: Mayor Plans to Cut Property Assessments
----------------------------------------------------
Reuters reported that with Detroit's revenue from property taxes
expected to come in at only $118.4 million in the current fiscal
year, Detroit Mayor Mike Duggan announced a plan on Jan. 27 to
lower property assessments and taxes this summer, with an eye
toward boosting home ownership and, ultimately, tax collections.

According to the report, property taxes for city homeowners would
drop by 5 percent to 20 percent following a realignment of the
assessment system, according to a statement from Duggan's office.

Property assessments are a political issue in Detroit, where a
slew of homeowner complaints led the Michigan Tax Board to
investigate if the city had inflated property values, the report
pointed out.

A review of current assessments and actual home sales between
Oct. 1, 2011 and Sept. 30, 2013 found some areas of the city were
over assessed by at least 20 percent, according to the mayor's
statement, the report related.

"It left no doubt in my mind that these reductions are not only
warranted, but the right thing to do by our residents," Duggan
said, adding that the city will conduct individual assessments of
homes over the next three to five years to improve assessment
accuracy, the report cited.

                 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: City Turns Bankruptcy Into Challenge of Banks
----------------------------------------------------------
Mary Williams Walsh, writing for The New York Times' DealBook,
reported that Detroit's bankruptcy is rapidly shaping up as a
battle of Wall Street vs. Main Street, at least as far as the
city's creditors are concerned.

According to the report, Amy Laskey, a managing director at Fitch
Ratings, said in a recent report that she sensed an "us versus
them" orientation toward debt repayment. And in the view of
bondholders, bond insurers and other financial institutions, it
only grew worse last week after the city circulated its plan to
emerge from bankruptcy and filed a lawsuit on Jan. 31.

The suit, brought by the city's emergency manager, Kevyn D. Orr,
seeks to invalidate complex transactions that helped finance
Detroit's pension system in 2005, the report related.  In a not-
so-veiled criticism, the city said the deal was done "at the
prompting of investment banks that would profit handsomely from
the transaction."

The banks that led the deal were Bank of America and UBS, the
report said.  They helped Detroit borrow $1.4 billion for its
shaky pension system and also signed long-term financial contracts
with the city, known as interest-rate swaps, to hedge the debt.
Detroit has already stopped paying back the $1.4 billion, but for
the first six months of its bankruptcy it kept honoring the swaps
contracts and at one point offered to pay the two banks hundreds
of millions of dollars -- money it would have had to borrow -- to
end them. But the lawsuit now seeks to cancel the swaps, arguing
they were illegal from the outset along with the related debt
transactions. Perhaps of even greater concern to creditors is the
city's 99-page "plan of adjustment," the all-important document
that details how Detroit proposes to resolve its bankruptcy and
finance its operations in the future. Banks, bond insurers and
other corporate creditors think they are being asked to share a
disproportionate amount of pain under the plan, still in draft
form and not yet filed with the bankruptcy court.

"The essential issue is the near-total wipeout of the
bondholders," said Matt Fabian, a managing director of Municipal
Market Advisors, the report cited.  He said Detroit's case
appeared to be heading toward a "cramdown," or court-ordered
infliction of losses on unwilling creditors.

                 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.


DEWEY & LEBOEUF: WARN Defenses Fall Flat, Laid-Off Workers Say
--------------------------------------------------------------
Law360 reported that former Dewey & LeBoeuf LLP employees suing
the defunct law firm for allegedly failing to provide adequate
notice of mass layoffs before it entered bankruptcy urged a New
York court to reject arguments that would excuse the firm from not
meeting federal and state layoff requirements.

According to the report, the putative class action argues that the
layoff notices the firm sent out just before it sought Chapter 11
protection in Manhattan bankruptcy court were inadequate under the
federal and New York state Worker Adjustment and Retraining
Notification Acts.

                       About Dewey & LeBoeuf

Dewey & LeBoeuf LLP sought Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 12-12321) to complete the wind-down of its operations.
The firm had struggled with high debt and partner defections.
Dewey disclosed debt of $245 million and assets of $193 million in
its chapter 11 filing late evening on May 29, 2012.

Dewey & LeBoeuf LLP operated as a prestigious, New York City-
based, law firm that traced its roots to the 2007 merger of Dewey
Ballantine LLP -- originally founded in 1909 as Root, Clark & Bird
-- and LeBoeuf, Lamb, Green & MacCrae LLP -- originally founded in
1929.  In recent years, more than 1,400 lawyers worked at the firm
in numerous domestic and foreign offices.

At its peak, Dewey employed about 2,000 people with 1,300 lawyers
in 25 offices across the globe.  When it filed for bankruptcy,
only 150 employees were left to complete the wind-down of the
business.

Dewey's offices in Hong Kong and Beijing are being wound down.
The partners of the separate partnership in England are in process
of winding down the business in London and Paris, and
administration proceedings in England were commenced May 28.  All
lawyers in the Madrid and Brussels offices have departed.  Nearly
all of the lawyers and staff of the Frankfurt office have
departed, and the remaining personnel are preparing for the
closure.  The firm's office in Sao Paulo, Brazil, is being
prepared for closure and the liquidation of the firm's local
affiliate.  The partners of the firm in the Johannesburg office,
South Africa, are planning to wind down the practice.

The firm's ownership interest in its practice in Warsaw, Poland,
was sold to the firm of Greenberg Traurig PA on May 11 for
$6 million.  The Pension Benefit Guaranty Corp. took $2 million of
the proceeds as part of a settlement.

Judge Martin Glenn oversees the case.  Albert Togut, Esq., at
Togut, Segal & Segal LLP, represents the Debtor.  Epiq Bankruptcy
Solutions LLC serves as claims and notice agent.  The petition was
signed by Jonathan A. Mitchell, chief restructuring officer.

JPMorgan Chase Bank, N.A., as Revolver Agent on behalf of the
lenders under the Revolver Agreement, hired Kramer Levin Naftalis
& Frankel LLP.  JPMorgan, as Collateral Agent for the Revolver
Lenders and the Noteholders, hired FTI Consulting and Gulf
Atlantic Capital, as financial advisors.  The Noteholders hired
Bingham McCutchen LLP as counsel.

The U.S. Trustee formed two committees -- one to represent
unsecured creditors and the second to represent former Dewey
partners.  The creditors committee hired Brown Rudnick LLP led by
Edward S. Weisfelner, Esq., as counsel.  The Former Partners hired
Tracy L. Klestadt, Esq., and Sean C. Southard, Esq., at Klestadt &
Winters, LLP, as counsel.

FTI Consulting, Inc. was appointed secured lender trustee for the
Secured Lender Trust.  Alan Jacobs of AMJ Advisors LLC, was named
Dewey's liquidation trustee.  Scott E. Ratner, Esq., Frank A.
Oswald, Esq., David A. Paul, Esq., Steven S. Flores, Esq., at
Togut, Segal & Segal LLP, serve as counsel to the Liquidation
Trustee.

Dewey's liquidating Chapter 11 plan was approved by the bankruptcy
court in February 2013 and implemented in March.  The plan created
a trust to collect and distribute remaining assets.  The firm
estimated that midpoint recoveries for secured and unsecured
creditors under the plan would be 58.4 percent and 9.1 percent,
respectively.


DEWEY & LEBOEUF: Gave Bad Advice on Tax Shelter, $6MM Suit Says
---------------------------------------------------------------
Law360 reported that an accountant who says his attorneys at Dewey
& LeBoeuf LLP gave him bad legal advice about a tax shelter is
seeking retribution for the $5.8 million the Internal Revenue
Service is forcing him to pay for misreporting his investment,
according to an adversary proceeding filed in New York bankruptcy
court on Jan. 28.

According to the report, Philip Groves claimed his attorneys at
Dewey & LeBoeuf's predecessor are to blame for the penalties he
must now pay to the IRS.

                       About Dewey & LeBoeuf

Dewey & LeBoeuf LLP sought Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 12-12321) to complete the wind-down of its operations.
The firm had struggled with high debt and partner defections.
Dewey disclosed debt of $245 million and assets of $193 million in
its chapter 11 filing late evening on May 29, 2012.

Dewey & LeBoeuf LLP operated as a prestigious, New York City-
based, law firm that traced its roots to the 2007 merger of Dewey
Ballantine LLP -- originally founded in 1909 as Root, Clark & Bird
-- and LeBoeuf, Lamb, Green & MacCrae LLP -- originally founded in
1929.  In recent years, more than 1,400 lawyers worked at the firm
in numerous domestic and foreign offices.

At its peak, Dewey employed about 2,000 people with 1,300 lawyers
in 25 offices across the globe.  When it filed for bankruptcy,
only 150 employees were left to complete the wind-down of the
business.

Dewey's offices in Hong Kong and Beijing are being wound down.
The partners of the separate partnership in England are in process
of winding down the business in London and Paris, and
administration proceedings in England were commenced May 28.  All
lawyers in the Madrid and Brussels offices have departed.  Nearly
all of the lawyers and staff of the Frankfurt office have
departed, and the remaining personnel are preparing for the
closure.  The firm's office in Sao Paulo, Brazil, is being
prepared for closure and the liquidation of the firm's local
affiliate.  The partners of the firm in the Johannesburg office,
South Africa, are planning to wind down the practice.

The firm's ownership interest in its practice in Warsaw, Poland,
was sold to the firm of Greenberg Traurig PA on May 11 for
$6 million.  The Pension Benefit Guaranty Corp. took $2 million of
the proceeds as part of a settlement.

Judge Martin Glenn oversees the case.  Albert Togut, Esq., at
Togut, Segal & Segal LLP, represents the Debtor.  Epiq Bankruptcy
Solutions LLC serves as claims and notice agent.  The petition was
signed by Jonathan A. Mitchell, chief restructuring officer.

JPMorgan Chase Bank, N.A., as Revolver Agent on behalf of the
lenders under the Revolver Agreement, hired Kramer Levin Naftalis
& Frankel LLP.  JPMorgan, as Collateral Agent for the Revolver
Lenders and the Noteholders, hired FTI Consulting and Gulf
Atlantic Capital, as financial advisors.  The Noteholders hired
Bingham McCutchen LLP as counsel.

The U.S. Trustee formed two committees -- one to represent
unsecured creditors and the second to represent former Dewey
partners.  The creditors committee hired Brown Rudnick LLP led by
Edward S. Weisfelner, Esq., as counsel.  The Former Partners hired
Tracy L. Klestadt, Esq., and Sean C. Southard, Esq., at Klestadt &
Winters, LLP, as counsel.

FTI Consulting, Inc. was appointed secured lender trustee for the
Secured Lender Trust.  Alan Jacobs of AMJ Advisors LLC, was named
Dewey's liquidation trustee.  Scott E. Ratner, Esq., Frank A.
Oswald, Esq., David A. Paul, Esq., Steven S. Flores, Esq., at
Togut, Segal & Segal LLP, serve as counsel to the Liquidation
Trustee.

Dewey's liquidating Chapter 11 plan was approved by the bankruptcy
court in February 2013 and implemented in March.  The plan created
a trust to collect and distribute remaining assets.  The firm
estimated that midpoint recoveries for secured and unsecured
creditors under the plan would be 58.4 percent and 9.1 percent,
respectively.


DIOCESE OF GALLUP: Seeks to Access Wells Fargo Accounts
-------------------------------------------------------
The Diocese of Gallup asked the U.S. Bankruptcy Court for the
District of New Mexico to allow its parishes to utilize the funds
in its bank accounts at Wells Fargo.

The request, if granted, would allow parishes needed access to
their monies in order to pay for their normal operating expenses,
according to the diocese's lawyer, Susan Boswell, Esq., at
Quarles & Brady, in Tucson, Arizona.

The accounts were opened, without the Gallup diocese's knowledge,
by various parishes and missions associated with parishes within
the geographic territory of the diocese using its employer tax
identification number.

Owners of the bank accounts cannot access the funds until the
archdiocese gets all important information from them including
the source of the funds and the nature of those accounts.

Based on the information that the archdiocese has collected to
date, nine of the Wells Fargo accounts are separately owned by
non-debtors and in which a total of approximately $260,000 was on
deposit at the time the diocese filed for bankruptcy protection.
A list of the accounts is available without charge at
http://is.gd/sNY2zZ

                  About the Diocese of Gallup, NM

The Diocese of Gallup, New Mexico, principally encompasses
American Indian reservations for seven tribes in northwestern New
Mexico and northeastern Arizona. It is the poorest diocese in the
U.S.

There are 38 active priests working in the Diocese and 27
permanent deacons also serve the Diocese along with five
seminarians.  The Diocese and its missions, schools and ministries
employ approximately 50 people, and a significant number of
additional people offer their services as volunteers.

The diocese sought bankruptcy protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.M. Case No. 13-bk-13676) on Nov. 12,
2013, in Albuquerque, New Mexico amid suits for sexual abuse
committed by priests.

The bishop previously said bankruptcy will be "the most merciful
and equitable way for the diocese to address its responsibility."

The abuse mostly occurred in the 1950s and early 1960s, the bishop
said.

The petition shows assets and debt both less than $1 million.

The Diocese of Gallup is the ninth Catholic diocese to seek
protection in Chapter 11 bankruptcy.

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


DIOCESE OF GALLUP: Wins Approval for Quarles & Brady as Counsel
---------------------------------------------------------------
The Diocese of Gallup received the green light from the U.S.
Bankruptcy Court in New Mexico to hire Quarles & Brady LLP as its
general restructuring counsel.

The diocese tapped the firm to help in the negotiation and
formulation of its restructuring plan, and to coordinate with
experts who may be hired by the diocese to conduct a valuation of
its assets.  Quarles will also help evaluate real and personal
property issues and prosecute claims of the diocese.

                  About the Diocese of Gallup, NM

The Diocese of Gallup, New Mexico, principally encompasses
American Indian reservations for seven tribes in northwestern New
Mexico and northeastern Arizona. It is the poorest diocese in the
U.S.

There are 38 active priests working in the Diocese and 27
permanent deacons also serve the Diocese along with five
seminarians.  The Diocese and its missions, schools and ministries
employ approximately 50 people, and a significant number of
additional people offer their services as volunteers.

The diocese sought bankruptcy protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.M. Case No. 13-bk-13676) on Nov. 12,
2013, in Albuquerque, New Mexico amid suits for sexual abuse
committed by priests.

The bishop previously said bankruptcy will be "the most merciful
and equitable way for the diocese to address its responsibility."

The abuse mostly occurred in the 1950s and early 1960s, the bishop
said.

The petition shows assets and debt both less than $1 million.

The Diocese of Gallup is the ninth Catholic diocese to seek
protection in Chapter 11 bankruptcy.

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


DIOCESE OF GALLUP: Wins OK for Stelzner as Special Counsel
----------------------------------------------------------
The Diocese of Gallup received the go-signal from the U.S.
Bankruptcy Court in New Mexico to hire Stelzner, Winter,
Warburton, Flores, Sanchez & Dawes P.A. as its special counsel.

Stelzner will continue to represent the diocese in pending civil
cases in Arizona, and assist the diocese in formulating a
restructuring plan that will address the claims asserted in those
cases.

                  About the Diocese of Gallup, NM

The Diocese of Gallup, New Mexico, principally encompasses
American Indian reservations for seven tribes in northwestern New
Mexico and northeastern Arizona. It is the poorest diocese in the
U.S.

There are 38 active priests working in the Diocese and 27
permanent deacons also serve the Diocese along with five
seminarians.  The Diocese and its missions, schools and ministries
employ approximately 50 people, and a significant number of
additional people offer their services as volunteers.

The diocese sought bankruptcy protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.M. Case No. 13-bk-13676) on Nov. 12,
2013, in Albuquerque, New Mexico amid suits for sexual abuse
committed by priests.

The bishop previously said bankruptcy will be "the most merciful
and equitable way for the diocese to address its responsibility."

The abuse mostly occurred in the 1950s and early 1960s, the bishop
said.

The petition shows assets and debt both less than $1 million.

The Diocese of Gallup is the ninth Catholic diocese to seek
protection in Chapter 11 bankruptcy.

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


DTS8 COFFEE: Hires Moody Capital as Financial Advisor
-----------------------------------------------------
DTS8 Coffee Company, Ltd, has retained Moody Capital Solutions,
Inc., as its exclusive financial advisor and placement agent in
connection with strategic alternatives, private placement, debt
financings and other investment banking services effective
Jan. 24, 2014.

                          About DTS8 Coffee

DTS8 Coffee Company, Ltd. (previously Berkeley Coffee & Tea, Inc.)
was incorporated in the State of Nevada on March 27, 2009.
Effective Jan. 22, 2013, the Company changed its name from
Berkeley Coffee & Tea, Inc., to DTS8 Coffee Company, Ltd.  On
April 30, 2012, the Company acquired 100 percent of the issued and
outstanding capital stock of DTS8 Holdings Co., Ltd., a
corporation organized and existing since June 2008 under the laws
of Hong Kong and which owns DTS8 Coffee (Shanghai) Co., Ltd.

DTS8 Holdings, through its subsidiary DTS8 Coffee, is a gourmet
coffee roasting company established in June 2008.  DTS8 Coffee's
office and roasting factory is located in Shanghai, China.  DTS8
Coffee is in the business of roasting, marketing and selling
gourmet roasted coffee to its customers in Shanghai, and other
parts of China.  It sells gourmet roasted coffee under the "DTS8
Coffee" label through distribution channels that reach consumers
at restaurants, multi-location coffee shops, and offices.

Malone & Bailey, PC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended April 30, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations, which
raises substantial doubt about its ability to continue as a going
concern.

As of Oct. 31, 2013, the Company had $4.63 million in total
assets, $934,659 in total liabilities, all current, and
$3.69 million in total shareholders' equity.

DTS8 Coffee incurred a net loss of $1.11 million for the year
ended April 30, 2013, following a net loss of $45,730 for the year
ended April 30, 2012.


DUKE REALTY: S&P Raises Preferred Stock Rating to 'BB+'
-------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Duke Realty Corp. and operating partnership Duke Realty
L.P. to 'BBB' from 'BBB-'.  At the same time, S&P raised by one
notch its ratings on the company's unsecured debt to 'BBB' from
'BBB-' and preferred stock to 'BB+' from 'BB'.  The outlook is
stable.  The company has about $3.5 billion in rated debt and
preferred securities.

"The upgrade reflects our expectation that Duke will continue to
slowly deleverage the balance sheet and strengthen its credit
metrics over the next 12 to 24 months," said Standard & Poor's
credit analyst George Skoufis.  "We expect the company will
continue to primarily use asset sales and possibly equity to fund
acquisitions and development.  The drag on earnings from being a
net seller of assets and non-income producing development will
likely result in only modest additional improvement in 2014.
However, we think the company's credit metrics will be stronger
later in 2014 and 2015 as it completes highly leased development
and realizes producing income (heavily weighted in the back half
of 2014) and benefits from low-single-digit net operating income
growth out of the operating portfolio.  As a result, we expect
credit metrics that are in line with an "intermediate" financial
risk profile, which includes fixed-charge coverage above 2.1x on a
sustained basis.  We also acknowledge the largely completed
portfolio repositioning that has resulted in a stronger, yet still
very diverse portfolio, which we believe should produce more
stable cash flow".

The ratings on Duke reflect S&P's assessment of the company's
"satisfactory" business risk and intermediate" financial risk
profiles.  The ratings also incorporate S&P's assessment of the
company's management and governance as "satisfactory".

The outlook is stable based on S&P's expectation that Duke will
achieve and sustain the improvement in key credit metrics outlined
in S&P's base-case scenario analysis.  Favorable macroeconomic and
real estate trends and the completion of well-leased development
should support EBITDA growth over the next two years.  S&P also
expects Duke to remain committed to a more conservative, equity-
supported funding strategy.

S&P considers an upgrade unlikely over the next one to two years,
though it could raise the rating if the company's repositioned
portfolio is more stable and resilient through an economic
downturn, which could lead to a stronger assessment of the
business risk profile.  S&P could also consider an upgrade if the
company pursues a more conservative financial policy leading to
fixed-charge coverage exceeding 3.1x and leverage below 40%.

S&P views a downgrade as unlikely in the near term, based on its
expectation that real estate fundamentals will continue to improve
in 2014 and management will fund growth prudently.  However, S&P
would lower the rating if Duke's financial risk profile
deteriorated such that it was more in line with a "significant"
assessment (such as sustained fixed-charge coverage below 2.1x or
lower and debt to capital that exceeded 55%).  S&P would also
consider lowering the rating if the company pursues a more
aggressive development and financing strategy or faces material
operating and leasing difficulties.


EAST RIDGE RETIREMENT: Fitch Rates $71.5MM Revenue Bonds 'B'
------------------------------------------------------------
Fitch Ratings has assigned a 'BB' rating for the following Alachua
County Health Facilities Authority bonds expected to be issued on
behalf of East Ridge Retirement Village (ERRV):

-- $71.5 million health facilities revenue bonds, series 2014;

The Rating Outlook is Stable.

Security

The bonds are expected to be secured by a pledge of gross revenues
and receivables of the OG (ERRV is the only OG member), a first
mortgage lien on all current and future property of the OG, and a
fully-funded debt service reserve.

The series 2014 bonds are expected to be fixed rate, and price the
week of March 3 via negotiated sale. The bonds will be used to
fund or reimburse the cost an assisted living (AL) and skilled
nursing expansion, fund a debt service reserve, fund 25 months of
capitalized interest, and pay costs of issuance.

KEY RATING DRIVERS

SIGNIFICANT DEBT LEVEL: ERRV's pro forma leverage metrics reflect
a sizable debt burden against its current financial profile.
Coverage of pro forma maximum annual debt service (MADS)
(including turnover entrance fees) is weak at 0.9x in 2013 while
pro-forma MADS is a high at 33% of 2013 revenues. However,
historical pro-forma ratios do not reflect the increased revenues
expected to be generated from the project.

WEAK BUT IMPROVING PROFITABILITY: ERRV's cash flow is reliant upon
turnover entrance fees, which is typical for a Type 'A' facility.
Financial performance was weak from fiscal 2008 through 2011
resulting from light entrance fee receipts reflecting housing
price deflation. However, ERRV's entrance fee receipts have
improved as the area housing market has improved. Fitch believes
ERRV will need to maintain existing entrance fee and occupancy
levels to produce adequate coverage near 1.0x through
stabilization.

IMPROVED IL SALES: ERRV generated 33 sales in 2013 and 36 sales in
2012 compared to just 11 in 2011. ERRV has used incentives,
including discounting, to improve sales; however, due to improving
real estate values, Fitch believes the need for discounting and
other marketing incentives will decline over the next few years,
which should support better net entrance fee levels.

STRONG SKILLED NURSING DEMAND: Fitch believes ERRV has been
challenged by its dated physical plant which has negatively
impacted AL occupancy. However, ERRV has maintained solid
occupancy in the skilled nursing facility (occupancy averaging 90%
from 2005 - 2013) despite small, semi-private units which are
obsolete by today's standards. Fitch believes that the strong
demand for skilled nursing supports the rationale to expand and
upgrade its health center.

LIMITED COMPETITION: Within the primary service area (Cutler Bay,
Florida and 10 to 15 miles to the west and north), there are only
two CCRCs, both of which are rental communities. The nearest Type
'A' continuing care retirement community is the Vi at Aventura
(33.1 miles away) and John Knox Village (53 miles away), both well
outside ERRVs target market.

RATING SENSITIVITIES

CONSTRUCTION AND FILL: The project comes with the typical risk
associated with construction projects, as well as the need to fill
the additional units. Fitch believes the risk on the fill up of
the units is mitigated by the strong demand for assisted living
skilled nursing services and the experience of sponsor, manager
and developer in successfully managing campus repositioning
projects.

CONSISTENT OCCUPANCY: The current rating assumes ERRV will
maintain steady or improved occupancy in the existing facility
until the project is available for occupancy. Keeping the project
on time and within budget is critical in maintaining the rating.

CREDIT PROFILE

East Ridge Retirement Village (ERRV) is a Type 'A' life care
continuing CCRC located on 76 acres in the town of Cutler Bay,
Florida, approximately 20 miles south of Miami. The community
currently includes 221 IL Units, 57 AL Units, and 60 semi-private
skilled nursing beds. ERRV reported total revenues of $18.2
million (unaudited) in 2013.

Since 2008 ERRV has been controlled by SantaFe Senior Living
(SFSL) via an affiliation agreement between ERRV and SFSL's
corporate parent, SantaFe HealthCare (SFHC). Neither SFSL nor SFHC
are obligated on the series 2014 bonds. Fitch's analysis is done
solely on the financial results of ERRV.

CAPITAL PROJECTS

Bond proceeds will be used to help finance the construction of new
buildings that will house 90 new AL units, 31 new memory support
units (MSUs), and 74 new skilled nursing beds. The buildings will
replace the existing AL and skilled nursing buildings. The project
includes additional landscape, utilities, dining, and common space
renovations. A guaranteed maximum price contract is in place, and
construction is expected to begin in April 2014 and be completed
by September 2015. Stabilization of occupancy at approximately 93%
for the new units will happen between August 2016 and May 2017 for
the individual service lines.

Fitch views the project positively as significantly outdated
buildings that have mostly shared units will be replaced by brand
new state of the art buildings, with larger units and mostly
private rooms. ERRV has stepped up its capital spending since
2011, with capital spending as a percent of depreciation averaging
87.7% from 2011 to 2013, after being at only 26.1% in 2010. The
capital improvements over this time included major renovations to
common buildings on campus. The renovated buildings have a similar
exterior design as the new AL and skilled nursing buildings will
have. Fitch toured the campus and believes that once the buildings
are completed ERRV's campus will be much more marketable,
especially given that the new AL and skilled nursing buildings are
prominently positioned near ERRV's entrance.

Fitch believes the fill-up risk for the project is manageable,
given ERRV's current occupancy levels of 90.5% in skilled nursing
and 93.3% in AL during 2013. Further, the new skilled nursing will
include 50 private and 24 semiprivate beds, supporting demand for
private units which is currently difficult to accommodate. In
addition, Fitch believes there is sufficient unmet demand for
memory care within the service area to support the 31 new memory
care units.

Additionally, Fitch views ERRV's competitive position as a credit
positive, especially for ERRV's entrance fee, Type 'A' life care
contract. There are only two other retirement communities within
20 miles, and both of them are for profit and only one of them
currently provides the full continuum of care. The limited
competitive landscape coupled with a recovering housing market
should support steady to improving demand at ERRV over the near to
medium term.

ELEVATED DEBT BURDEN

The 'BB' rating reflects ERRV's significant debt burden following
the issuance of the series 2014 bonds. Fitch used pro forma
maximum annual debt service (MADS) of $6.1 million in its
analysis. ERRV will have 25 months of capitalized interest and the
first debt service payment will occur in fiscal 2018. The first
debt service covenant test (equal to 1.1x MADS initially, then
1.2x) will occur at the earlier of stabilized occupancy or fiscal
year end 2019.

IMPROVED CASH FLOW

ERRV significantly revamped its marketing processes and staff
following the housing decline, and this strategy has begun to bear
results. New entrance fee receipts were a low $393,000 in 2011 but
improved significantly to $3 million in 2012 and unaudited 2013
results show further improvement to $4 million. Sales over the
three year period jumped from 11 in 2011 to 36 in 2012, and held
steady at 33 in 2013.

Fitch believes the current improved levels of sales and entrance
fee receipts are sustainable and seem to indicate a return to
historical levels. From 2005 to 2007, ERRV averaged 32 sales per
year, before dropping to an average of 15 sales per year from 2008
to 2011.

In addition the real estate market in the PSA has shown
improvement. As of Dec. 31, 2013 the weighted average sale price
for homes in the PSA was $485,731 with an average 79 days on the
market. This is well improved from prior years. In addition,
ERRV's weighted average independent living (IL) entrance fee of
$162,000 for a fully amortizing contract compares very well to the
local real estate market, and Fitch views this as a further credit
strength.

ADEQUATE LIQUIDITY

Fitch views ERRV's balance sheet metrics as good for the current
rating level. Unrestricted cash and investments were $17.2 million
at December 31, 2013, up from $14.7 million at December 31, 2012.
The improved cash flow from net entrance fee receipts helped lift
liquidity, and Fitch believes that the improved IL sales should
continue to support moderate balance sheet growth.

Liquidity metrics relative to pro forma debt show strain, with a
2.8x pro forma cushion ratio and pro forma cash to debt just above
25%. However, ERRV's debt is all fixed rate, so ERRV has no
exposure to bullet payments or put or remarketing risks, which
lends further stability to its current liquidity position. ERRV's
liquidity relative to expenses is much stronger as ERRV had over
421 days of cash on hand at December 31, 2013.

DISCLOSURE

ERRV will covenant to provide annual disclosure within 150 days of
fiscal year end, and quarterly disclosure within 45 days of each
quarter end. Disclosure will include a balance sheet, statement of
revenues/expenses, statement of cash flows, calculation of DCOH,
debt service coverage, and occupancy. Disclosure will be made via
the Municipal Securities Rulemaking Board's EMMA System.


EASTMAN KODAK: Judge Rejects Shareholder Claims
-----------------------------------------------
Democrat & Chronicle reported that a federal Bankruptcy Court
judge ruled against a variety of former Eastman Kodak Co.
shareholders hoping the company would compensate them for stock
that is now worthless.

According to the report, Judge Allan Gropper on Jan. 24 filed a
series of rulings agreeing with Kodak objections to claims filed
by the shareholders. The claims were filed in recent months by
Kodak shareholders who saw their stock get canceled in September
when the company emerged from its 20-month Chapter 11 bankruptcy.
The claims ranged from hundreds of dollars to more than $100,000.

Judge Gropper's rulings did not elaborate on why he upheld Kodak's
objections to the claims, the report said.  But federal bankruptcy
law has long held that shareholders only get any compensation once
all other creditors are paid in full. And in the case of Kodak's
bankruptcy, its unsecured creditors received roughly 4 to 5 cents
on the dollar.

                        About Eastman Kodak

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

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

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

Attorneys at Sullivan & Cromwell LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  FTI Consulting,
Inc., is the restructuring advisor.   Lazard Freres & Co. LLC, is
the investment banker.  Kurtzman Carson Consultants LLC is the
claims agent.

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

Michael S. Stamer, Esq., David H. Botter, Esq., and Abid Qureshi,
Esq., at Akin Gump Strauss Hauer & Feld LLP, represent the
Unofficial Second Lien Noteholders Committee.

The Retirees Committee has hired Haskell Slaughter Young &
Rediker, LLC, and Arent Fox, LLC as Co-Counsel; Zolfo Cooper,
LLC, as Bankruptcy Consultants and Financial Advisors; and the
Segal Company, as Actuarial Advisors.

Robert J. Stark, Esq., Andrew Dash, Esq., and Neal A. D'Amato,
Esq., at Brown Rudnick LLP, represent Greywolf Capital Partners
II; Greywolf Capital Overseas Master Fund; Richard Katz, Kenneth
S. Grossman; and Paul Martin.

Kodak completed the $527 million sale of digital-imaging
technology on Feb. 1, 2013.  Kodak intends to reorganize by
focusing on the commercial printing business.

At the end of April 2013, Kodak filed a reorganization plan
offering 85 percent of the stock to holders of the remaining
$375 million in second-lien notes. The other 15 percent is for
unsecured creditors with $2.7 billion in claims and retirees who
have a $635 million claim from the loss of retirement benefits.

U.S. Bankruptcy Judge Allan Gropper confirmed the plan on August
20, 2013.  Kodak and its affiliated debtors officially emerged
from bankruptcy protection on Sept. 3, 2013.

Mark S. Burgess, Matt Doheny, John A. Janitz, George Karfunkel,
Jason New and Derek Smith became members of Kodak's new board of
directors as of Sept. 3, 2013.  Existing directors James V.
Continenza, William G. Parrett and Antonio M. Perez will continue
their service as members of the new board.


ENERGY FUTURE: One KKR Rep Resigns from Board, Two Others Remain
----------------------------------------------------------------
Nick Brown, writing for Reuters, reported that KKR & Co's Marc
Lipschultz has resigned from the board of directors of Energy
Future Holdings, the embattled power giant taken private by KKR
and others in a massive 2007 leveraged buyout.

According to the report, citing a U.S. Securities & Exchange
Commission filing on Jan. 24, EFH said Lipschultz notified the
board on Jan. 17 of his resignation "effective immediately."

Two other KKR representatives, Jonathan Smidt and Brandon Freiman,
remain as members of EFH's 13-member board, the report related.

EFH for months has been trying to restructure about $40 billion in
debt with various classes of creditors, the report said.  The
company may face bankruptcy, though it is in the midst of
negotiations with creditors on a consensual restructuring.

A key question in the negotiations is how much equity value, if
any, KKR and its fellow equity owners will retain in the
restructured EFH, the report further related.  KKR, TPG Capital
Management and Goldman Sachs' private equity arm led the
consortium that created EFH through a $45 billion buyout of
Dallas-based TXU Corp, the largest-ever leveraged buyout.

            About Energy Future Holdings, fka TXU Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

                Restructuring Talks With Creditors

In April 2013, Energy Future and its affiliates confirmed in a
regulatory filing that they are in restructuring talks with
certain unaffiliated holders of first lien senior secured claims
concerning the Companies' capital structure.

Energy Future has retained Kirkland & Ellis LLP and Evercore
Partners to advise the Companies with respect to the potential
changes to the Companies' capital structure and to assist in the
evaluation and implementation of other potential restructuring
options.

The Creditors have retained Paul, Weiss, Rifkind, Wharton &
Garrison LLP and Millstein & Co., L.P. to advise the Creditors and
to assist in the Creditors' evaluation of potential restructuring
options involving the Companies.

According to a Wall Street Journal report, people familiar with
the matter said Apollo Global Management LLC, Oaktree Capital
Management, Centerbridge Partners and GSO Capital Partners, the
credit arm of buyout firm Blackstone Group LP, all hold large
chunks of Energy Future's senior debt.  Many of these firms belong
to a group being advised by Jim Millstein, a restructuring expert
who helped the U.S. government revamp American International Group
Inc.  The Journal said Apollo enlisted investment bank Moelis &
Co. for additional advice to ensure it gets as much attention as
possible on the case given its large debt holdings.


ENERGY FUTURE: Director Resigns; Amends Cash Incentive Awards
-------------------------------------------------------------
Marc S. Lipschultz notified Energy Future Holdings Corp. of his
resignation from the Board of Directors of the Company effective
Jan. 17, 2014.

                      Long Term Cash Incentive

On Jan. 22, 2014, the Organization and Compensation Committee of
the Board of Directors of EFH Corp. approved changes to the
compensation of John F. Young, president and chief executive
officer of EFH Corp.; Paul M. Keglevic, executive vice president
and chief financial officer of EFH Corp.; James A. Burke,
president and chief executive officer of TXU Energy and executive
vice president of EFH Corp.; and M. A. McFarland, president and
chief executive officer of Luminant and executive vice president
of EFH Corp.

The Committee approved long-term cash incentive awards for each of
the Executives that are based on the achievement of quarterly and
cumulative annual performance goals to be established by the
Committee for 2015 and 2016.  The Executives' existing long-term
cash incentive awards end in 2014, and the LTI Awards are designed
to provide incentive to the Executives to continue to achieve top
operational and financial performance during 2015 and 2016.

The LTI Awards provide each Executive the opportunity to earn up
to his Potential Quarterly Award in each quarter in 2015 and 2016,
provided that he is employed by EFH Corp. or an affiliate on the
last day of that quarter.  The actual amount of the awards will be
based upon quarterly and year-to-date performance of EFH Corp.'s
businesses as compared to the quarterly and year-to-date
performance goals for those businesses established quarterly by
the Committee.  The sum of each Executive's awards under the LTI
Awards for each of 2015 and 2016 will not exceed the Potential
Annual Award amounts

With respect to each Executive, the LTI Awards will terminate on
the earlier of Dec. 31, 2016, or the date on which the Executive
receives a grant under a long-term equity incentive plan adopted
by EFH Corp.  LTI Awards earned during a quarter in which such an
equity grant is made to an Executive will be prorated through the
date of that grant.

The LTI Awards will be subject to those terms, conditions and
restrictions as are contained in each Executive's respective
amended and restated employment agreement.

                                 Potential     Potential
                                 Quarterly      Annual
Name                              Award         Award
----                            ---------     ----------
John F. Young                   $675,000      $2,700,000
Paul M. Keglevic                $250,000      $1,000,000
James A. Burke                  $250,000      $1,000,000
M.A. McFarland                  $250,000      $1,000,000

            About Energy Future Holdings, fka TXU Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

                Restructuring Talks With Creditors

In April 2013, Energy Future and its affiliates confirmed in a
regulatory filing that they are in restructuring talks with
certain unaffiliated holders of first lien senior secured claims
concerning the Companies' capital structure.

Energy Future has retained Kirkland & Ellis LLP and Evercore
Partners to advise the Companies with respect to the potential
changes to the Companies' capital structure and to assist in the
evaluation and implementation of other potential restructuring
options.

The Creditors have retained Paul, Weiss, Rifkind, Wharton &
Garrison LLP and Millstein & Co., L.P. to advise the Creditors and
to assist in the Creditors' evaluation of potential restructuring
options involving the Companies.

According to a Wall Street Journal report, people familiar with
the matter said Apollo Global Management LLC, Oaktree Capital
Management, Centerbridge Partners and GSO Capital Partners, the
credit arm of buyout firm Blackstone Group LP, all hold large
chunks of Energy Future's senior debt.  Many of these firms belong
to a group being advised by Jim Millstein, a restructuring expert
who helped the U.S. government revamp American International Group
Inc.  The Journal said Apollo enlisted investment bank Moelis &
Co. for additional advice to ensure it gets as much attention as
possible on the case given its large debt holdings.


ESHBEL TECHNOLOGIES: Fortissimo Acquires Insolvent Software Firm
----------------------------------------------------------------
DBR Small Cap reported that Israeli firm Fortissimo Capital said
it acquired software company Eshbel Technologies Ltd . for 192
million Israeli new shekels (US$55 million), after receiving court
approval for the transaction.

According to the report, Eshbel, of Rosh Haayin, Israel, went up
for auction after declaring insolvency. Fortissimo bested
competing bidders including Hilan Tech Ltd. and One Software
Technologies, DBR sister publication LBO Wire reported.


EXIDE TECHNOLOGIES: Pacific Chloride Can Seek Fire Damages
----------------------------------------------------------
Law360 reported that a Delaware bankruptcy judge agreed to lift
the automatic stay in Exide Technologies Inc.'s Chapter 11 case so
Pacific Chloride Inc. can sue insurers over $7.6 million in fire-
related damages at a Louisiana plant it leased to the bankrupt
battery maker.

According to the report, PCI's bid to lift the stay for itself met
with no opposition, but the targeted insurance carriers contended
that the court should also allow Exide to be named in the proposed
suit.

                     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.


EXTERRAN HOLDINGS: S&P Raises CCR to 'BB-' on Improved Credit
-------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Exterran Holdings Inc. to 'BB-' from 'B+'.  S&P
also raised its ratings on the company's secured debt to 'BB+'
from 'BB' and on its unsecured convertible notes to 'BB-' from
'B+'.  At the same time, S&P placed its 'BB' rating on the
company's 7.25% senior unsecured notes due December 2018 on
CreditWatch with negative implications.  S&P has also revised the
recovery rating on the senior unsecured notes to '2' from '1'.

The upgrade reflects the company's much-improved operating results
and credit measures, and S&P's expectation that the company will
be able to sustain improved performance over the intermediate
term.

The CreditWatch placement of the 'BB' senior unsecured note rating
reflects the likelihood that S&P could revise the recovery ratings
on the senior unsecured notes to '3' from '2' and, consequently,
lower the issue level ratings on the senior unsecured notes to
'BB-' from 'BB' following the retirement of the 4.25% convertible
notes, if the unsecured notes were to become the most junior debt
in the capital structure.  For companies rated 'BB-' or higher,
recovery ratings on the junior most tranche of unsecured debt are
zenerally capped at '3' to account for the greater risk of
recovery prospects being impaired due to potential incremental
debt issuance before default.

Resolution of the CreditWatch on the 2018 senior unsecured notes
will follow the company's retirement of its 2014 convertible
notes.

"The stable outlook on Exterran Holdings Inc. is based on our
expectation that the company will maintain improved operating
results and credit measures," said Standard & Poor's credit
analyst Susan Ding.

S&P would lower the ratings if leverage exceeded 4x for a
sustained period due to continued weakness in operating results
and EBITDA contraction.

S&P would consider an upgrade if the company's business profile
improved through increased scale, operating performance remained
positive, and the company maintained "strong" liquidity and a
consolidated total debt to EBITDA ratio below 2.25x on a
consistent basis.


FLINT, MI: Lawsuit Could Force City Into Bankruptcy
---------------------------------------------------
Gary Ridley, writing for The Flint Journal, reported that Darnell
Earley, the emergency manager for Flint, Michigan, said a lawsuit
filed by retirees could force the city into bankruptcy and put
pensions and health benefits at risk of cuts.

According to the report, the claim is part of an op-ed Earley the
news agency following a Jan. 3 decision by the U.S. Sixth Circuit
Court of Appeals reinstating an injunction that prohibits the city
from modifying health care for city retirees until a federal
lawsuit is decided.

Six retirees and the Flint-based United Retired Governmental
Employees association filed a lawsuit against the city following a
decision in April 2012 by then-emergency manager Michael Brown
that would make retirees pay more out of pocket for health
coverage, the report related.

"If the federal district court's decision is not reversed, it is
almost certain that Flint will soon be unable to provide even the
most basic level of city services," Earley wrote in the op-ed, the
report cited.

Earley said reinstating historic health care levels for retirees
would cost the city an additional $5 million annually and force
the city's unfunded liability for retiree health care to increase
to as much as $900,000,000, the report further related.


FLORIDA GAMING: Committee Balks at Terms of Perez, Blank Hiring
---------------------------------------------------------------
The Official Joint Committee of Unsecured Creditors in the Chapter
11 cases of Florida Gaming Centers, Inc., et al., filed a limited
objection to the Debtors' request to enter into ordinary course
employment agreements with Beatriz Perez and Stephen Blank.

The Committee noted that the Debtors sought approval of two-year
employment agreements with Beatriz Perez, the executive director
of Human Resources, and Stephen Blank, the executive director of
Marketing.  In connection therewith, Ms. Perez is to receive
$100,000 for the first year and $110,000 for the second year; and
Mr. Blank is to receive $140,000 for the first year and $150,000
for the second year.

The Committee objects to the termination provisions of the
employment agreement stating that a hearing on the sale of the
Debtor's assets is only two months away.  The Committee questioned
whether such risk justifies potential claims against the estate
exceeding $300,000.

The Committee noted the Court authorized the Debtor on Dec. 30,
2013, to sell substantially all of its assets pursuant to an asset
purchase agreement, and approved a compromise and settlement of
claims between parties to the Nov. 25, 2012 stock purchase
agreement.  An auction is scheduled for March 25, 2014, if the
Debtors will receive more than one or more qualified bids.  A sale
hearing will be held on March 26, at 10:00 a.m., to consider the
sale to winning bidder.

                        About Florida Gaming

Florida Gaming Centers Inc. filed for Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 13-29597) in Miami on Aug. 19, 2013.
Florida Gaming Centers operates a casino and jai-alai frontons in
Miami.  The Company disclosed debt of $138.3 million and assets of
$180 million in its petition.

Its parent, Florida Gaming Corp. (FGMG:US), and two other
affiliates also sought court protection.

Florida Gaming previously negotiated a sale of virtually all its
assets to casino operator Silvermark LLC for $115 million in cash
and $14 million in assumed liabilities.  A provision in the
financing agreement required Florida Gaming to make an additional
payment to the lender -- ABC Funding -- if the assets are sold to
third party.  Jefferies LLC was hired to determine that amount,
about $26.8 million, and valued the company at more than $180
million.

Luis Salazar, Esq., Esq., at Salazar Jackson in Miami, represents
Florida Gaming.

ABC Funding, LLC, as Administrative Agent for a consortium of
prepetition lenders, and the prepetition lenders are represented
by Dennis Twomey, Esq., and Andrew F. O'Neill, Esq., at SIDLEY
AUSTIN LLP, in Chicago, Illinois; and Drew M. Dillworth, Esq., and
Marissa D. Kelley, Esq., at STEARNS WEAVER MILLER WEISSLER
ALHADEFF & SITTERSON, P.A., in Miami, Florida.  The Prepetition
Lenders are Summit Partners Subordinated Debt Fund IV-A, L.P.,
Summit Partners Subordinated Debt Fund IV-B, L.P., JPMorgan Chase
Bank, N.A., Locust Street Funding LLC, Canyon Value Realization
Fund, L.P., Canyon Value Realization Master Fund, L.P., Canyon
Distressed Opportunity Master Fund, L.P., and Canyon-GRF Master
Fund II, L.P.

Counsel to the Official Joint Committee of Unsecured Creditors are
Glenn D. Moses, Esq., and Paul J. Battista, Esq., at Genovese
Joblove & Battista, P.A., in Miami, Florida.


FORESIGHT DEVELOPMENT: Foreclosure Sale Set for Feb. 21
-------------------------------------------------------
Foresight Development, L.L.C., has been declared in default under
a Mortgage, Assignment of Rents and Leases, and Security Agreement
dated August 23, 2006, in favor of Colonial Bank, N.A.  The holder
of the Mortgage, Branch Banking and Trust Company, as successor in
interest to Colonial Bank, by asset acquisition from the FDIC, as
receiver for Colonial Bank, successor by conversion to Mortgagee,
will sell at public outcry to the highest bidder for cash at the
main entrance of the Courthouse in the City of Bessemer, Alabama
during the legal hours of sale on Feb. 21, 2014, Lot 260 of
Cheshire Parc Phase II-B in Jefferson County, Alabama.

The sale is made for the purpose of paying the debt secured by the
Mortgage, as well as the expenses of foreclosure.

Attorney for Branch Banking & Trust is:

     Donald M. Warren, Esq.
     BURR & FORMAN LLP
     420 N 20th Street, Suite 3400
     Birmingham, Alabama 35203
     Tel: (205) 251-3000


FRIENDSHIP DAIRIES: Court Won't Reconsider Order for AgStar
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
denied Friendship Dairies's motion for relief from the order
granting AgStar Financial Services, FLCA, as loan servicer and
attorney-in-fact for McFinney Agri-Finance, LLC relief from the
automatic stay.

Previously, R. Byrn Bass, Jr., Esq., on behalf of Frontier Capital
Group, Ltd., supported the Debtor's motion to reconsider the order
granting AgStar relief from the automatic stay, stating that
AgStar is not prejudiced by the stay remaining in place pending a
hearing on Friendship's Third Amended Plan which addresses the
Court's concerns, particularly as regards the claim of AgStar and
its treatment.

The Debtor filed a brief in support of its request, saying that
AgStar has violated the automatic stay by obtaining the charging
order against the partnership interests of Jakob Van Der Weg and
Patrick Van Adrichem.  The Debtor noted that AgStar's claim in the
proceedings is based on a promissory note dated Sept. 4, 2008, in
the original principal amount of $18,400,000 executed by the
Debtor, Patrick Van Adrichem, Lidwina Van Adrichem, and Jakob Van
Der Weg.

AgStar, in its response to the Debtor's motion, stated that it
is not attempting to interfere with the Debtor's operations or the
Court's power or ability to administer the proceedings, nor is
that the charging order's practical effect.  AgStar is merely
attempting to collect on a multi-million dollar judgment that is
owed by non-debtors and only from non-estate property.

The Court has said its Jan. 7 order resolves AgStar's June 24,
2013 motion to the extent AgStar seeks stay relief and AgStar's
Dec. 4, 2013 motion seeking conversion.  The other forms of relief
requested by the June 24, 2013 motion -- conversion or dismissal
-- are subsumed by the Court's Jan. 7 order and thus rendered
moot.

                     About Friendship Dairies

Friendship Dairies, a general partnership, filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 12-20405) in Amarillo, Texas,
on Aug. 6, 2012.  The Debtor operates a dairy near Hereford, Deaf
Smith County, Texas.  The dairy consists of 11,000 head of cattle,
fixtures and equipment.  The Debtor also farms 5,000 acres of land
for production of various crops used in feeding for the cattle.

The Debtor owes McFinney Agri-Finance, LLC, $16 million secured
by the Debtor's property, which is appraised at more than
$24 million.  The Debtor disclosed $44,421,851 in assets and
$45,554,951 in liabilities as of the Chapter 11 filing.

Bankruptcy Judge Robert L. Jones oversees the case.  J. Bennett
White, P.C., serves as the Debtor's counsel.  The petition was
signed by Patrick Van Adrichem, partner.

The U.S. Trustee appointed a six-member creditors committee in the
Debtor's case.  The Committee tapped Levenfeld Pearlstein
as lead counsel, and Mullin, Hoard & Brown as local counsel.


FURNITURE BRANDS: Wants Court Approval to Sell Residual Assets
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will
convene a hearing on Feb. 10, 2014, at 10:00 a.m., to consider the
request of FBI Wind Down, Inc. formerly known as Furniture Brands
International, Inc.:

   i) for approval of procedures to sell, lease or otherwise
      dispose of certain residual assets; and

  ii) for authority to retain brokers and other sales agents to
      conduct such dispositions.

On Nov. 25, 2013, the Debtors sold substantially all of their
assets to Heritage Home Group, LLC, an affiliate of KPS Capital
Partners, LP.  HHG agreed to exclude certain non-core assets from
the sale, however, including an aircraft and approximately 16
parcels of real estate that were not needed by HHG for the on-
going operation of the Debtors' businesses.  These Residual
Assets, the Debtors said, will provide additional sources of
distributable value for creditors.

The Debtors noted they are no longer operating as a going concern,
the Debtors and their estates have no need for these Residual
Assets primarily consisting of parcels of real property located in
several different states.

The Debtors related that Residual Assets will be sold in any
individual transaction or series of related transactions to a
single buyer or group of related buyers with an aggregate
transaction price up to or equal to $3,000,000.

                       About Furniture Brands

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

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

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

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

The official creditor's committee is comprised of the Pension
Benefit Guaranty Corp., Milberg Factors Inc. and five suppliers.
The Committee tapped Blank Rome LLP as co-counsel, Hahn &
Hessen LLP as lead counsel, BDO Consulting as financial advisor,
and Houlihan Lokey Capital, Inc., as investment banker.

In November 2013, Furniture Brands won bankruptcy court approval
to sell the business to KPS Capital Partners LP for $280 million.
Private-equity investor KPS formed a new company named Heritage
Home Group LLC to operate the business.


GADSDEN BUGGY WORKS: Inventory to Be Auctioned Off Feb. 21
----------------------------------------------------------
Bank of America, N.A., as secured party, will sell the property of
Gadsden Buggy Works, L.L.C., d/b/a Moultrie Toyota, at a public
auction to be held at Moultrie Toyota, 937 West Grand Avenue,
Rainbow City, Alabama 35906 on Feb. 21, 2014 at 11:00 a.m.
(C.S.T.).

The property consists of (i) all Inventory of Gadsden Buggy Works;
(ii) all Accounts, contract rights, Chattel Paper, Deposit
Accounts, Instruments and General Intangibles; (iii) all
machinery, furniture and Fixtures; (iv) all negotiable and non-
negotiable documents of title; (v) all rights under contracts of
insurance acquired by Gadsden Buggy Works, including any insurance
proceeds; (vi) all Cash Proceeds and Noncash proceeds; (vii) all
trade secrets, intellectual property, computer software, service
marks, trademarks, trade names, trade styles, copy rights,
patents, applications for any of the foregoing, customer lists,
drawings, instructional manuals, and rights in processes for the
technical manufacturing, packaging and labeling; (viii) all books
and records pertaining to any of the property, including but not
limited to any computer-readable memory and any computer hardware
or Software necessary to process such memory, and (ix) to the
extent not otherwise included, all Proceeds and products of any of
the assets.

BofA was granted a first priority security interest in all the
Assets to secure the debt and obligations of Gadsden Buggy Works.
The debt has been and is hereby declared due and payable because
of certain events of default that have occurred and are continuing
under the terms of the parties' Vehicle Flooring and Security
Agreement, dated as of July 31, 2012, as amended.

Moultrie Brothers, L.L.C., and Stephen B. Moultrie, individually,
serve as guarantors of the debt.

The Assets will be offered for sale, in bulk, with reserve, and
sold to the highest bidder (net of closing and other transaction
costs) at the conclusion of the Sale, as determined by Secured
Party in its sole and absolute discretion, on an "AS IS, WHERE IS"
basis, with all faults, without recourse, and without any express
or implied representations or warranties whatsoever, including,
without limitation, condition of title, value or quality of the
Assets, or with regard to assets, liabilities, financial condition
or earnings of the Borrower or any of its affiliates.

BofA reserves its right to credit or otherwise bid at the Sale and
to apply the expenses of the Sale and all or any part of the total
amount of the Indebtedness owed to the Secured Party under the
Agreement, in satisfaction of the purchase price.

The highest bidder, other than BofA, will be required to pay the
successful purchase price of the Assets (i) at the time of the
Sale, and (ii) in cash, wire transfer, by cashier's check, or in
other immediately available funds.

Any parties interested in further information about the Assets,
becoming a "qualified bidder", and/or the terms of the Sale should
contact counsel for BofA:

     Erin Brown, Esq.
     BROWN & ASSOCIATES, PLLC
     232 19th Street NW, Suite 7210
     Atlanta, Georgia 30363
     Tel: (404) 835-2729
     E-mail: esb@brownpllc.com


GENERAL CABLE: Moody's Confirms B1 CFR & B2 Unsec. Notes Rating
---------------------------------------------------------------
Moody's Investors Service confirmed General Cable Corp.'s
Corporate Family Rating at B1 and its Probability of Default
Rating at B1-PD. The confirmation is predicated on the expectation
of near-term improvement in operating performance and debt
reduction from free cash flow. In a related rating action, Moody's
confirmed the B2 rating assigned to the company's senior unsecured
notes and the B3 rating assigned to its senior subordinated
convertible notes. Moody's also improved the company's liquidity
rating to SGL-3 from SGL-4. The rating outlook is negative. These
rating actions complete the review initiated on October 31, 2013.

The following ratings/assessments were affected by this action:

Corporate Family Rating confirmed at B1;

Probability of Default Rating confirmed at B1-PD;

Sr. Unsec. Notes due 2015 confirmed at B2 (LGD5, 75%);

Sr. Unsec. Notes due 2022 confirmed at B2 (LGD5, 75%);

Sr. Sub. Conv. Notes due 2029 confirmed at B3 (LGD6, 93%); and,

The speculative grade liquidity rating improved to SGL-3 from SGL-
4.

Ratings Rationale

The confirmation of General Cable's B1 Corporate Family Rating
results from our view that the company has the potential to
restore key debt credit metrics to levels that support current
ratings, with operating performance improving modestly and some
free cash flow used for debt reduction. Moody's project EBITA
margin rising to 4.25% over the next 12 to 18 months from 3.0% for
LTM 3Q13 as General Cable concentrates on global logistical and
manufacturing efficiencies, and benefits from some rebound in the
North American electric utility and infrastructure end markets,
General Cable's greatest revenue drivers in North America. Higher
margins on a revenues base in excess of $6.0 billion and some
balance sheet debt reduction should result in interest coverage,
defined as EBITA-to-interest expense, exceeding 2.0x and leverage
approaching 4.75x over our forecast horizon. Our forecasted credit
metrics compare favorably to General Cable's 1.3x interest
coverage for LTM 3Q13, and 6.5x leverage at September 27, 2013
(all ratios incorporate Moody's standard adjustments). Trailing
metrics are adversely impacted by changes in cost estimates to
certain turnkey projects in Europe, anemic demand and pricing in
many European end markets, and weakness in the domestic electric
utility end market.

The primary reason for improvement in the company's speculative
grade liquidity rating to SGL-3 from SGL-4 is that General Cable
has returned to compliance with its bank agreement as a result of
it becoming current with its SEC financial filings. However, the
speculative grade liquidity rating is currently constrained by the
reduction in free cash flow due, in part, to a quarterly dividend
amounting to about $36 million per year. Also, the amount of
borrowing capacity under the revolver is currently small relative
to the company's large revenue base. General Cable had drawn down
some of its revolver and utilized some cash on hand to redeem its
$355 million of senior unsecured notes that came due in mid-
November 2013, and letter of credit issuances are higher than
previously anticipated.

The negative rating outlook reflects the potential for a ratings
downgrade if expected improvements do not materialize or the
company takes other actions that increase credit risk. The
company's trailing performance and credit statistics are weak for
the current rating category.

The ratings could be downgraded if General Cable's operating
performance fails to meet our expectations over the next 12 to 18
months such that EBITA-to-interest expense remains below 2.25x or
debt-to-EBITDA is sustained above 5.0x (all ratios incorporate
Moody's standard adjustments). Significant shareholder-friendly
activities, such as debt-financed dividends or excessive share
repurchases, debt-financed acquisitions, could result in downward
ratings pressures. Also, failure to file future financial
statements on time with the SEC or further financial restatements
could pressure the ratings downward as well. Further excessive
revolver usage may result in downgrades of the debt instrument
ratings.

Stabilization of the rating outlook could occur if General Cable's
operating performance is consistent with our expectations such
that EBITA-to-interest expense approaches 3.0x, or debt-to-EBITDA
trends below 4.5x (all ratios incorporate Moody's standard
adjustments). An improved liquidity profile would support
stabilization of the rating outlook as well. Confidence that the
company's internal controls have been improved and that General
Cable will continue to receive a "clean" audit are prerequisites
for a stable outlook as well.

General Cable Corporation, headquartered in Highland Heights, KY,
is a global manufacturer of copper, aluminum and fiber optic and
elector power cable products from high-voltage utility lines to
low-voltage light sockets. Primary end markets served include
electrical utility, electrical infrastructure, and construction.
Revenues for the 12 months ended September 27, 2013 totaled about
$6.4 billion.

The principal methodology used in this rating was the Global
Manufacturing Industry published in December 2010. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.


GLD FOOD DISTRIBUTORS: Online Foreclosure Sale on Feb. 10
---------------------------------------------------------
Bill Kinsaul, the Clerk of the Circuit Court, will sell to the
highest and best bidder the real property at Lot 7, Block A,
Chapel Estates, in Bay County, Florida, pursuant to a Final
Judgment of Foreclosure dated Sept. 9, 2013, and entered in the
case, WELLS FARGO BANK, NATIONAL ASSOCIATION, Plaintiff, vs. GLD
FOOD DISTRIBUTORS, INC., a Florida Corporation; PHILLIPS MEATS AND
SEAFOOD, INC., a Florida corporation; LLOYD AGEE, Individually;
DAVID R. GOHEEN, Individually; GREGORY W. GRUBER, Individually;
and UNKNOWN OWN- ER(S)/SPOUSE(S)/ TENANT(S) IN POSSESSION,
Defendants, Case No. 13000510CA, pending before the Circuit Court
in and for the Fourteenth Judicial Circuit Bay County, Florida
Civil Division.

Foreclosure sales will be held online via the Internet at
http://www.bay.realforeclose.com/beginning at 11:00 a.m. on Feb.
10, 2014.

IF THIS PROPERTY IS SOLD AT PUBLIC AUCTION, THERE MAY BE
ADDITIONAL MONEY FROM THE SALE AFTER PAYMENT OF PERSONS WHO ARE
ENTITLED TO BE PAID FROM THE SALE PROCEEDS PURSUANT TO THIS FINAL
JUDGMENT.

SUBORDINATE LIENHOLDERS CLAIMING A RIGHT TO FUNDS REMAINING AFTER
THE SALE MUST FILE A CLAIM WITH THE CLERK NO LATER THAN 60 DAYS
AFTER THE SALE.  OTHERWISE, THE SUBORDINATE LIENHOLDERS WON'T BE
ENTITLED TO ANY REMAINING FUNDS.

Any person claiming an interest in the surplus from the sale, if
any, other than the property owner as of the date of the lis
pendens must file a claim within 60 days after the sale.


GLOBAL AVIATION: Panel Hires Alvarez & Marsal as Advisors
---------------------------------------------------------
The Official Committee of Unsecured Creditors of Global Aviation
Holdings Inc. and its debtor-affiliates seeks authorization from
the U.S. Bankruptcy Court for the District of Delaware to retain
Alvarez & Marsal North America, LLC, as financial advisors to the
Committee, effective Nov. 22, 2013.

The Committee requires Alvarez & Marsal to:

   (a) advise the Committee on matters related to its interests
       in the sale of the Debtor's assets;

   (b) assist with a review of the Debtors' cost/benefit
       evaluations with respect to the assumption or rejection of
       executory contracts and unexpired leases;

   (c) assist with a review of the business model, operations,
       liquidity situation, properties, assets and liabilities,
       financial condition and prospects of the Debtor;

   (d) assist in the review of financial information distributed
       by the Debtor to the Committee, its advisors and creditors
       and others, including but not limited to, cash flow
       projections and budgets, cash receipts and disbursement
       analysis and analysis of various asset and liability
       accounts;

   (e) attend meetings with the Debtor, the Debtor's lenders and
       creditors, the Committee and any other official committees
       organized in these Chapter 11 cases, the U.S. Trustee,
       other parties in interest and professionals hired by the
       same, as requested;

   (f) assist with a review of the Debtor's proposed key employee
       retention and other critical employee benefit programs;

   (g) assist in the review and preparation of information and
       analysis necessary for the confirmation of a plan in these
       Chapter 11 cases; and

   (h) render other general business consulting or such other
       assistance as the Committee or its counsel may deem
       necessary, consistent with the role of a financial advisor
       and not duplicative of services provided by other
       professionals in these Chapter 11 cases.

Alvarez & Marsal will receive payment of $75,000 per month plus a
success fee to be determined in consultation with, and approved
by, the Committee upon sale of substantially all of the Debtor's
assets or confirmation of a plan of reorganization.  Any
additional services will be subject to fees based on Alvarez &
Marsal's standard hourly rates at the time of such services unless
otherwise agreed among Alvarez & Marsal, the Committee and the
Debtors.

Alvarez & Marsal will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Kelly Stapleton, managing director of Alvarez & Marsal, 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 District of Delaware will hold a hearing on the
application on Feb. 25, 2014, at 10:30 a.m.  Objections, if any,
are due Feb. 18, 2014, at 4:00 p.m.

Alvarez & Marsal can be reached at:

       Kelly Stapleton
       ALVAREZ & MARSAL NORTH AMERICA, LLC
       600 Madison Avenue, 8th Floor
       New York, NY 10022
       Tel: (212) 759-4433
       Fax: (212) 759-5532

                   About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- the parent
company of North American Airlines and World Airways, sought
Chapter 11 bankruptcy protection on Nov. 12, 2013.  North American
Airlines, founded in 1989, operates passenger charter flights
using B767-300ER aircraft.  Founded in 1948, World Airways --
http://www.woa.com-- operates cargo and passenger charter flights
using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented a prior Chapter 11 reorganization in February 2013.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington). The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The 2013 petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

In the 2013 case, the Debtors are represented by Kourtney Lyda,
Esq., at Haynes and Boone, LLP, in Houston, Texas; and Christopher
A. Ward, Esq., at Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.


GLOBAL AVIATION: Has Approval to Conduct Auction on March 19
------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware approved the procedures governing the sale of
Global Aviation Holdings Inc., et al.'s business.

In order to be deemed a "Qualifying Bidder" and participate in the
bidding process and auction, each potential bidder must deliver a
written offer so as to be received by no later than March 14,
2014.

In the event, but only in the event, that the Debtors timely
receive at least one qualifying bid in addition to the Debtors'
Plan, the Debtors will conduct an auction for the sale of the new
equity pursuant to a Plan.  The Debtors propose to sell their
business to Cerberus Business Finance LLC, as agent for first-lien
lenders, which offered to sponsor a bankruptcy plan if it wins the
auction and buy the assets through the forgiveness of debt,
Michael Bathon, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, said.  Offers must be at least $35
million toward repayment of the lenders, Mr. Bathon said.

The Auction will take place starting on March 19, at 10:00 a.m.
(prevailing Eastern Time), at the office of Haynes and Boone, LLP,
in New York.  The Court will conduct a hearing on March 25 to
confirm the Debtors' selection of the prevailing bidder and the
back-up bidder.

                   About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- the parent
company of North American Airlines and World Airways, sought
Chapter 11 bankruptcy protection on Nov. 12, 2013.  North American
Airlines, founded in 1989, operates passenger charter flights
using B767-300ER aircraft.  Founded in 1948, World Airways --
http://www.woa.com-- operates cargo and passenger charter flights
using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented a prior Chapter 11 reorganization in February 2013.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington). The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The 2013 petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

In the 2013 case, the Debtors are represented by Kourtney Lyda,
Esq., at Haynes and Boone, LLP, in Houston, Texas; and Christopher
A. Ward, Esq., at Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.


GLYECO INC: WCI Portfolio Manager Appointed to Board
----------------------------------------------------
The Board of Directors of GlyEco, Inc., appointed Mr. Dwight B.
Mamanteo to serve as a member of the Board, effective Jan. 15,
2014.  Mr. Mamanteo serves as a portfolio manager for Wynnefield
Capital, Inc.

Wynnefield Capital, Inc., and its affiliates beneficially owned
3,375,000 shares of common stock of GlyEco, Inc., representing 6.9
percent of the shares outstanding as of Jan. 21, 2014.  A copy of
the regulatory filing is available for free at http://is.gd/RQfBMy

                          About GlyEco, Inc.

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

Glyeco disclosed a net loss of $1.86 million on $1.26 million of
net sales for the year ended Dec. 31, 2012, as compared with a net
loss of $592,171 on $824,289 of net sales for the year ended
Dec. 31, 2011.  The Company's balance sheet at Sept. 30, 2013,
showed $15.55 million in total assets, $2.39 million in total
liabilities, $1.17 million in redeemable series AA convertible
preferred stock and $11.98 million total stockholders' equity.

Jorgensen & Co., in Lehi, UT, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that the
Company has not yet achieved profitable operations and is
dependent on its ability to raise capital from stockholders or
other sources and other factors to sustain operations.  These
factors, among other matters, raise substantial doubt that the
Company will be able to continue as a going concern.


GREEN FIELD ENERGY: Examiner Taps Stutzman Bromberg as Counsel
--------------------------------------------------------------
Steven A. Felsenthal, the court appointed examiner in the Chapter
11 cases of Green Field Energy Services and its debtor affiliates,
asks for permission from the U.S. Bankruptcy Court for the
District of Delaware to employ Stutzman, Bromberg, Esserman &
Plifka, A Professional Corporation as his counsel, nunc pro tunc
to Jan. 17, 2014.

The Examiner requires Stutzman Bromberg to:

   (a) assist and advise the Examiner in investigating whether the
       Debtors' estates hold valuable claims or causes of action
       against any of the parties that would receive a release if
       the Chapter 11 Plan described in the RSA2 is confirmed and
       whether the value being contributed by the parties to the
       RSA justifies granting such releases;

   (b) represent the Examiner at any proceeding or hearing before
       the court; and

   (c) render such other necessary assistance or advice as the
       Examiner may require in performing his duties under the
       Examiner Order.

Stutzman Bromberg will be paid at these hourly rates:

       Sander L. Esserman, Shareholder        $775
       Robert T. Brousseau, Shareholder       $550
       Peter C. D'Apice, Shareholder          $550
       Richard E. Wallach, Shareholder        $525
       Jacob L. Newton, Shareholder           $490
       Jo E. Hartwick, Shareholder            $485
       Andrea L. Ducayet, Shareholder         $465
       David J. Parsons, Shareholder          $465
       Cliff I. Taylor, Shareholder           $465
       David A. Klingler, Shareholder         $450
       Briana L. Cioni, Associate             $390
       Terrie Khoshbin, Associate             $375
       Heather J. Panko, Associate            $350
       Wendi Yokum, Associate                 $270
       Thara Mathews, Associate               $250
       Andrew Chon, Associate                 $240
       Honey Gandhi, Associate                $225
       Cindy L. Jeffery, Paralegal            $190
       Heather Kennedy, Paralegal             $190
       Alex Elkins, Paralegal                 $130
       Pam Schultz, Paralegal                 $95

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

Peter C. D'Apice, shareholder of Stutzman Bromberg, 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 District of Delaware will hold a hearing on the
application on Feb. 27, 2014, at 11:00 a.m.  Objections, if any,
are due Feb. 5, 2014, at 4:00 p.m.

Stutzman Bromberg can be reached at:

       Peter C. D'Apice, Esq.
       STUTZMAN, BROMBERG, ESSERMAN & PLIFKA
       2323 Bryan Street, Suite 2200
       Dallas, TX 75201
       Tel: (214) 969-4900
       Fax: (214) 969-4999

                    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 (Bankr.
D. Del. Case No. 13-12783).

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

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.

In its schedules, Green Field disclosed $306,960,039 in total
assets and $447,199,869 in total liabilities.

The official committee of unsecured creditors appointed in the
case has retained Robert J. Stark, Esq., Howard L. Siegel, Esq.,
and Sunni P. Beville, Esq., at Brown Rudnick LLP as co-counsel;
Steven K. Kortanek, Esq., Kevin J. Mangan, Esq., and Morgan
Seward, Esq., at Womble Carlyle Sandridge & Rice, LLP as Delaware
co-counsel; and Conway MacKenzie, Inc. as financial advisor.

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


GREENFIELD SPECIALTY: S&P Revises Outlook & Affirms 'B+' CCR
------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
GreenField Specialty Alcohols Inc. to stable from negative.  At
the same time, Standard & Poor's affirmed its 'B+' corporate
credit rating on the company.

Standard & Poor's also affirmed its 'BB' issue-level rating on
GreenField's senior secured term loan.  The '1' recovery rating on
the debt is unchanged, indicating S&P's expectation of very high
(90%-100%) recovery for lenders in the event of a default.

"The outlook revision is based on GreenField's improved liquidity
position following the close of its debt refinancing package in
December 2013," said Standard & Poor's credit analyst David
Fisher.

GreenField refinanced its previous first-lien credit facility with
a new US$155 million term loan and C$20 million revolver, repaid
its previous shareholder notes, and entered into an amended
C$30 million mezzanine facility.

"The refinancing extended the date of the closest large debt
maturity -- that of the term loan -- until the end of 2018, and
reduced total debt outstanding by about 14%," Mr. Fisher added.

While amortization under the new term loan is aggressive, S&P
believes it is manageable.  Accordingly, S&P has revised its
liquidity assessment to "adequate" from "less than adequate."

The stable outlook reflects S&P's expectation that near-term
committed government incentives will support an adjusted debt-to-
EBITDA level in the 2x-3x range in the next 12 months.  The
outlook also incorporates the potential for materially lower
profitability as government incentives wane in the next few years
before expiring in 2016.

S&P could lower the ratings if adjusted debt-to-EBITDA weakens to
more than 3x in the next 12 months because this would reduce the
funds available to repay debt before government incentives expire
and increase the chance of a covenant breach.

An upgrade in the near term is unlikely.  Because fuel ethanol
profitability (absent government incentives) can swing widely, an
upgrade would require the industrial alcohol segment to support
adjusted debt-to-EBITDA below 3x on a stand-alone basis.


GULF COAST WONDER: Claims Bar Date Set for April 15
---------------------------------------------------
A Petition was filed on Dec. 16, 2013, commencing an Assignment
for the Benefit of Creditors, pursuant to Chapter 727, Fla. Stat.,
made by Gulf Coast Wonder & Imagination Zone, Inc., a/k/a GWIZ,
Assignor, with its principal place of business at 1001 Blvd. of
the Arts, Sarasota, Florida, 34236, in Sarasota County, Florida to
Philip J. Von Kahle, Assignee, whose address is Michael Moecker &
Associates, Inc., 1409 W. Swann Avenue, Tampa, Florida 33606. The
Petition was filed in the Circuit Court of Sarasota County.

Pursuant to Sec. 727.105, Fla. Stat. (1997), no proceeding may be
commenced against the Assignee except as provided in Chapter 727,
and expecting the case of the secured creditor enforcing its
rights in collateral under Chapter 679, there shall be no levy,
execution, attachment or the like, in connection with any judgment
or claim against assets of the Estate, other than real property,
in the possession, custody or control of the Assignee.

To receive any dividend in proceeding, creditors and other
interested parties must file a Proof of Claim with the Assignee on
or before April 15, 2014.

The case is, In re: GULF COAST WONDER & IMAGINATION ZONE, INC.,
a/k/a GWIZ, Assignor, To PHILIP J. VON KAHLE, Assignee, pending
before the Circuit Court Of The Twelfth Judicial Circuit In And
For Sarasota County, Florida, Civil Division, Case No. 2013 CA
008840 NC


HEENAN BLAIKIE: Plans Restructuring Amid Defections
---------------------------------------------------
Ben Dummett, writing for The Wall Street Journal, reported that
the slowdown in Canadian corporate deal-making, notably in the key
resource sector, has claimed another victim.

Canadian law firm Heenan Blaikie LLP plans a major restructuring
amid a slew of defections, according to the report.  Like other
entities tied to Canada's corporate sector, the firm is reeling
from a drop-off in spinoff business as resource companies hold
back on buying assets and raising money, and instead focus on
paring costs amid lower commodity prices.

In 2013, the total value of deals in Canada was down 23% from
2012, according to PricewaterhouseCoopers LLP, the report related.

According to the report, to date, much of the focus has been on
how the slowdown has hit the ranks of Canada's investment-banking
community, which has seen layoffs and consolidation.  But Heenan
Blaikie's woes demonstrate the effects of the slowdown are wide.

The report related that the firm has more than 500 lawyers,
including former Canadian Prime Minister Jean Chretien, in offices
across Canada and in Paris, and is ranked among the country's 10
biggest law firms, according to Lexpert, an organization that
tracks legal-industry developments.


HITCHING POST: Lot to Be Auctioned Off March 18
-----------------------------------------------
The Broward County Clerk of the Circuit Court will
sell to the highest bidder for cash online at
http://www.broward.realforeclose.com/at 10:00 a.m. on March 18,
2014, the property known as Lot 1, Block C, of Highland Square in
Broward County, together with personal property and collateral in
accordance with the Summary Judgment of Foreclosure dated Nov. 7,
2013 and the Agreed Order Directing the Clerk of Court to Reset
Foreclosure Sale dated Jan. 8, 2014, in the case, FIRST-CITIZENS
BANK & TRUST COMPANY, a North Carolina-chartered commercial bank,
Plaintiff, vs. HITCHING POST MOBILE HOMES, LLC, a Florida limited
liability company, AHHF CORP., a Florida corporation, DANIEL
ISHAKI, an individual, and STEVEN A. KATES, an individual,
Defendants, Case No. 13-17055 CA (25), pending before the Circuit
Court of the 17th Judicial Circuit in and for Broward County,
Florida, Circuit Civil Division.

Any person claiming an interest in the surplus from the sale, if
any, other than the property owner as of the date of the Lis
Pendens must file a claim within 60 days after the sale.

Attorneys for First-Citizens Bank is:

     James N. Robinson, Esq.
     John-Paul Rodriguez, Esq.
     WHITE & CASE LLP
     Southeast Financial Center, Suite 4900
     200 South Biscayne Boulevard
     Miami, FL 33131-2352
     Telephone: (305) 371-2700
     Facsimile: (305) 358-5744
     E-mail: jrobinson@whitecase.com
             jjordan@whitecase.com
             jrodriguez@whitecase.com
             ldominguez@whitecase.com


HUNTINGTON INGALLS: S&P Lowers Rating on 2006 Revenue Bonds to B+
-----------------------------------------------------------------
Standard & Poor's Rating Services corrected its issue rating on
Huntington Ingalls Inc.'s Gulf Opportunity Zone industrial revenue
bonds series 2006 due 2028 by lowering the rating to 'B+' from
'BBB+'.  The bonds were issued by Mississippi Business Finance
Corp. (not rated).

Due to an error, S&P did not lower the rating on the bonds when
Huntington Ingalls Inc.'s parent, Huntington Ingalls Industries
Inc., was spun off from Northrop Grumman Corp. in March 2011.

RATINGS LIST

Huntington Ingalls Industries Inc.
Corporate credit rating                    BB-/Stable/--

ERROR CORRECTION

                                           To      From
Mississippi Bus Fin Corp. (not rated)
$200 mil Gulf opportunity zone indl
  dev rev bnds (Northrop  Grumman Ship
  Systems) ser 2006 due 2028*              B+      BBB+

* Huntington Ingalls Inc. is the obligor.


IG INVESTMENTS: S&P Retains 'B' CCR Following Term Loan Increase
----------------------------------------------------------------
Standard & Poor's Ratings Services said that its corporate credit
rating and outlook on Atlanta-based IG Investments Holdings LLC
remain unchanged following the proposed increase in the size of
its add-on term loan to $120 million from $90 million.  S&P's 'B'
issue-level rating and '3' recovery rating on the company's
outstanding $427 million first-lien term loan due 2019 also remain
unchanged.  The '3' recovery rating indicates S&P's expectation
for meaningful (50% to 70%) recovery in the event of a payment
default.

The company will use net proceeds from the add-on and roughly
$15 million of cash to pay a $132 million special dividend.  S&P
would consider revising the recovery rating on this debt to '4'
(30% to 50% recovery expectation) from '3' (50% to 70% recovery
expectation) if the company adds incremental first-lien debt to
fund additional dividends.

S&P views the company's business risk profile as "weak" (based on
its criteria), weighing its niche market position in the highly
competitive and fragmented staffing industry, risks related to its
rapid organic growth, and the vulnerability of revenue to economic
cycles.  Over the near term, S&P expects that operating
performance will remain steady, reflecting solid end-market demand
for IT staffing services and the company's good organic growth
trends.  However, S&P expects debt leverage will remain relatively
high, reflecting the company's aggressive financial policies.
Lease-adjusted debt to EBITDA, pro forma for the $120 million
special dividend, increased to roughly 6.5x in 2013 from about
5.2x.  Absent additional dividends, S&P expects leverage will
decline to roughly 6x by the end of 2014 and to the mid-5x area by
the end of 2015.  S&P could lower the corporate credit rating over
the intermediate term if debt leverage rises above 7x and
discretionary cash flow approaches breakeven levels.  This could
result from another special dividend combined with economic
cyclicality, and the potential for increased competitive or client
pressure on pricing.

RATINGS LIST

IG Investments Holdings LLC
Corporate Credit Rating                       B/Stable/--

Ratings Unchanged

IG Investments Holdings LLC
Senior Secured
  $547M* first-lien term loan due 2019         B
   Recovery Rating                             3

* Following $120M add-on (previously $90M).


ISLAMORADA BOAT: Claims Bar Date Set for May 19
-----------------------------------------------
A petition was filed on Jan. 18, 2014, with the Clerk of the Court
commencing an Assignment for the Benefit of Creditors Proceeding
pursuant to Chapter 727, Florida Statutes, made by Islamorada Boat
Center, Inc., Assignor, with its principal place of business at
81954 Overseas Highway, Islamorada (Monroe County), Florida 33036,
to Philip J. Von Kahle, Assignee, whose address is 3613 N. 29th
Avenue, Hollywood, Florida 33020.

Pursuant to Florida Statutes 727.105, no proceeding may be
commenced against the Assignee, except as provided in Chapter 727
and except in the case of a secured creditor enforcing its rights
and collateral under Chapter 679, Florida Statutes; there shall be
no levy, execution, attachment, or the like in respect of any
judgment against assets of the estate, other than real property,
in the possession, custody or control of the Assignee.

To receive a dividend in the proceeding, creditors and other
interested parties must file a Proof of Claim with the Assignee on
or before May 19, 2014.

The case is, IN RE: ASSIGNMENT FOR THE BENEFIT OF CREDITORS OF:
ISLAMORADA BOAT CENTER, INC., a Florida profit corporation,
Assignor, TO: PHILIP J. VON KAHLE, Assignee, pending before the
Circuit Court of the 16th Judicial Circuit in and for Monroe
County, Florida Civil Division, Case No. 14-CA-000035-P.


JFR HOMES: Unit C-27 of Harbortown Marina Condo to Be Sold Feb. 19
------------------------------------------------------------------
A Florida state court clerk will offer for sale Unit C-27 of the
Harbortown Marina condominium at a public sale to the highest and
best bidder for cash at http://www.duval.realforeclose.com/on
Feb. 19, 2014, at 11:00 a.m., in accordance with Section 45.031,
Florida Statutes.

The sale is made pursuant to the terms of the Summary Final
Judgment in the case, in the case, BRANCH BANKING AND TRUST
COMPANY, a North Carolina banking corporation, Plaintiff(s) vs.
JFR HOMES, LLC, a Florida limited liability company, JAMES F.
RILEY, an individual, RYAN R. FORTENBAUGH, an individual,
HARBORTOWN MARINA CONDOMINIUM ASSOCIATION, INC., a Florida non-
profit corporation, STATE OF FLORIDA, DEPARTMENT OF REVENUE, and
UNKNOWN TENANT(S) IN POSSESSION OF UNIT C-27, HARBORTOWN MARINA,
JACKSONVILLE, DUVAL COUNTY, FLORIDA, Defendant(s), Case No. 16-
2013-CA-006130, in the Circuit Court Fourth Judicial Circuit in
and for Duval County, Florida, Division CV-F.

Any person claiming an interest in the surplus from the sale, if
any, other than the property owner as of the date of the lis
pendens, must file a claim within 60 days after the sale.

Ronnie Fussell is the Clerk of the Circuit Court.

Attorneys for Plaintiff:

     Betsy C. Cox, Esq.
     ROGERS TOWERS, P.A.
     1301 Riverplace Blvd., Suite 1500
     Jacksonville, FL 32207


JUMP OIL: Wants Chapter 11 Bankruptcy Case Dismissed
----------------------------------------------------
Jump Oil Company Inc. asks the Hon. Kathy A. Suratt-States of
the U.S. Bankruptcy Court for the Eastern District of Missouri to
dismiss its Chapter 11 bankruptcy case because it had successfully
closed the various sale transactions previously approved by the
Court and is left with minimal remaining assets.

A hearing is set for Feb. 24, 2014, at 11:00 a.m., to consider the
Debtor's case dismissal request.

The Debtor tells the Court that it filed for bankruptcy to
effectuate the sale of substantially all of its assets through a
process which would work in an orderly manner to garner the
highest possible value for the assets.  According to the Debtor,
it undertook the process of soliciting bids for substantially all
of its assets and received winning bids for its assets totaling
approximately $9.58 million.

The Debtor notes the Court approved the sale of specific assets to
Casey's Marketing Company on July 3, 2013.

The Debtor reminds the Court that its primary secured creditor is
Colonial Pacific Leasing Corporation, which asserts a first
priority lien against substantially all of the assets.  The Debtor
says it owes about $17 million to Colonial as of its bankruptcy
filing date.

                      About Jump Oil Company

Jump Oil Company owns 42 parcels of real property throughout the
state of Missouri, on which gas and service stations are operated
by various third-party lessees pursuant to lease agreements with
Debtor.  The gas stations are Phillips 66 branded stations,
pursuant to a branding and licensing agreement.

Jump Oil Company filed a Chapter 11 petition (Bankr. E.D. Mo.) on
Feb. 14, 2013, in St. Louis, Missouri, to sell its gas stations
pursuant to 11 U.S.C. Sec. 363.  The Debtor disclosed $17,603,456
in assets and $26,276,060 in liabilities as of the Chapter 11
filing.

The Debtor has tapped Goldstein & Pressman, P.C. as counsel; HNWC
as financial consultants; Matrix Private Equities, Inc. as
financial advisor; Mariea Sigmund & Browning, LLC as special
counsel; and Wolff & Taylor, PC as accountants.

The Debtor's combined debt as of the Petition Date, both secured
and unsecured, is $22.5 million.  Colonial Pacific Leasing Station
is owed $17.9 million secured by a perfected security interest and
liens 37 of the gas stations.  CRE Venture 2011-1 LLC is owed
$716,000 allegedly secured by three of the Debtor's sites.
Lindell Bank is owed $347,000 allegedly secured by interest in two
of the Debtor's sites.


KANSAS CITY SOUTHERN: Moody's Affirms (P)Ba1 Unsec. Shelf Rating
----------------------------------------------------------------
Moody's Investors Service assigned Prime-3 short-term ratings to
The Kansas City Southern Railway Company ("KCSR") and Kansas City
Southern de Mexico, S.A. de C.V. ("KCSM") in connection with their
new U.S. commercial paper programs of $450 million and $200
million, respectively. Moody's also affirmed the Baa3 senior
unsecured ratings of KCSR and KCSM, the (P)Ba1 senior unsecured
shelf rating at the parent company, Kansas City Southern ("KCS"),
as well as the Baa1 rating assigned to Southern Capital
Corporation's secured equipment notes. The ratings for KCS, KCSR,
KCSM, and Southern Capital Corporation have stable outlooks.

Ratings Rationale

The Prime-3 short-term rating assigned to KCSR reflects its Baa3
senior unsecured rating and is supported by a good liquidity
profile, as evidenced by its substantial cash balance of over $200
million as of December 31st, strong operating cash flows and $450
million revolving credit facility, which has been upsized from
$200 million via an amendment to its existing credit agreement.
Moody's assessment of KCSR's liquidity profile takes into account
Moody's expectation of meaningful cash uses over the next 12
months due to a high level of capital expenditures and equipment
lease buyouts as well as the funding requirements of the planned
prepayment of its $245 million term loan due 2018. As disclosed in
the KCS 2013 10-K filed, KCSR has established a commercial paper
program of up to $450 million, which is fully backstopped by its
upsized revolving credit facility. The revolving credit facility
provides for same-day availability of funds and does not require a
representation that no material adverse change ("MAC") has
occurred in order to draw. Borrowings under the program will be
guaranteed by its parent company, KCS.

The Prime-3 short-term rating assigned to KCSM reflects its Baa3
senior unsecured rating and excellent liquidity profile, which it
derives from substantial cash balances of over $200 million at
year-end 2013, strong operating cash flows, and a $200 million
revolving credit facility. Similar to KCSR, its liquidity profile
takes into account Moody's expectation of near-term cash use for
capital expenditures and equipment lease buyouts, although debt
maturities are limited in the coming 12 month period. In addition,
KCSM does not have any scheduled dividend payments, but has
repatriated cash to KCSR from time to time. KCSM has established a
commercial paper program of up to $200 million, which is fully
backstopped by its $200 million revolving credit facility.
Following an amendment to its existing revolving credit agreement,
the revolver provides for same-day availability of funds and does
not require a representation that no material adverse change
("MAC") has occurred in order to draw. Borrowings under the
program will not be guaranteed by its parent company, KCS.

The Baa3 senior unsecured ratings for KCSR and KCSM reflect the
robust credit profiles of both companies, evidenced by moderate
leverage, strong cash flow generation and the potential for
improving profitability through operating leverage and
productivity initiatives. The ratings also take into account the
combined enterprise's strong cross-border footprint, freight group
diversity and prudent financial policy. The stable ratings outlook
is based on Moody's expectation that both companies will be able
to sustain strong credit metrics over the next 12 to 18 months.

The principal methodology used in this rating was the Global
Surface Transportation and Logistics Companies published in April
2013 and Enhanced Equipment Trust And Equipment Trust Certificates
published in December 2010.

Kansas City Southern operates a Class I railway in the central
U.S. (The Kansas City Southern Railway Company) and, through its
wholly-owned subsidiary Kansas City Southern de Mexico, S.A. de
C.V., owns the concession to operate Mexico's northeastern
railroad.

Assignments:

Issuer: Kansas City Southern Railway Company (The)

  Senior Unsecured Commercial Paper, Assigned P-3

Issuer: Kansas City Southern de Mexico, S.A. de C.V.

  Senior Unsecured Commercial Paper, Assigned P-3

Affirmations:

Issuer: Kansas City Southern

  Multiple Seniority Shelf Nov 20, 2014, Affirmed (P)Ba1

Issuer: Kansas City Southern Railway Company (The)

  Senior Unsecured Bank Credit Facility Nov 15, 2017, Affirmed
  Baa3

  Senior Unsecured Bank Credit Facility May 15, 2018, Affirmed
  Baa3

  Senior Unsecured Regular Bond/Debenture May 15, 2043, Affirmed
  Baa3

  Senior Unsecured Regular Bond/Debenture Nov 15, 2023, Affirmed
  Baa3

  Senior Unsecured Shelf Nov 20, 2014, Affirmed (P)Baa3

Issuer: Kansas City Southern de Mexico, S.A. de C.V.

  Senior Unsecured Bank Credit Facility Nov 15, 2017, Affirmed
  Baa3

  Senior Unsecured Regular Bond/Debenture Oct 28, 2016, Affirmed
  Baa3

  Senior Unsecured Regular Bond/Debenture May 15, 2020, Affirmed
  Baa3

  Senior Unsecured Regular Bond/Debenture Feb 1, 2018, Affirmed
  Baa3

  Senior Unsecured Regular Bond/Debenture May 15, 2023, Affirmed
  Baa3

Issuer: Southern Capital Corporation

  Senior Secured Equipment Trust Jun 30, 2023, Affirmed Baa1

Outlook Actions:

Issuer: Kansas City Southern

  Outlook, Remains Stable

Issuer: Kansas City Southern Railway Company (The)

  Outlook, Remains Stable

Issuer: Kansas City Southern de Mexico, S.A. de C.V.

  Outlook, Remains Stable

Issuer: Southern Capital Corporation

  Outlook, Remains Stable


KOI POND PARTNERS: Foreclosure Judgment Issued by Fla. State Court
------------------------------------------------------------------
The Polk County, Florida, Clerk of the Court, is scheduled to sell
at public sale the real property at Almeda Park Subdivision
pursuant to a Final Judgment of Foreclosure entered on Dec. 9,
2013, in the case, JSOAA, LLC, a Florida limited liability
company, Plaintiff, vs. KOI POND PARTNERS, LLC, a Florida limited
liability company, THE CITY OF WINTER HAVEN, a Florida
municipality, PRINCE LAND SERVICES, INC., a Florida corporation,
and BRUCE R. PRINCE, an individual, Defendants, Case No. 2013-CA-
000937 of the Circuit Court of the Tenth Judicial Circuit for Polk
County, Florida.

The Notice of Judicial Sale posted at Suncoast Media Group - Polk
County on Jan. 29, 2014, did not indicate the schedule of the
foreclosure sale.


LABORATORY PARTNERS: Proposes to Sell Talon Unit to LabCorp
-----------------------------------------------------------
Laboratory Partners, Inc., et al., ask the U.S. Bankruptcy Court
for the District of Delaware to approve proposed bid protections
for Laboratory Corporation of America Holdings as the stalking
horse bidder for the Debtors' "Talon Division."

LabCorp will purchase the clinical laboratory and anatomic
pathology services to (i) physicians, physician officers and
medical groups (the "PO Division") in Indiana, Illinois, and (ii)
Union Hospital, Inc., in Terre Haute and Clinton, Indiana (the "UH
Division" and, together with the PO Division, the "Talon
Division").

LabCorp will set the the floor at $10.5 million, according to
Law360.

The Debtors seek authority to pay LabCorp (a) a break-up fee in
the amount of $300,000 paid from the proceeds of the sale to the
Successful Bidder, if the Successful Bidder is not LabCorp; (b) a
minimum initial overbid increment of the Break-Up Fee plus an
additional $100,000 over the Purchase Price; (c) a minimum
subsequent bid increment of $50,000, which may be waived by
LabCorp at any time in its sole discretion; (d) a requirement that
LabCorp and its legal counsel promptly receive copies of any
potential qualifying competing bids following the time the Debtors
receive notice of the bids as required by the Bidding Procedures
Order; and (e) a requirement that any potential bidder agrees, as
part of its bid submission, to be a backup bidder according to the
terms of the Bidding Procedures Order.

The Debtors are represented by Robert J. Dehney, Esq., Derek C.
Abbott, Esq., Andrew R. Remming, Esq., and Erin R. Fay, Esq., at
MORRIS, NICHOLS, ARSHT & TUNNELL LLP, in Wilmington, Delaware; and
Leo T. Crowley, Esq., Jonathan J. Russo, Esq., and Margot Erlich,
Esq., at PILLSBURY WINTHROP SHAW PITTMAN LLP, New York.

Laboratory Partners Inc., a Cincinnati-based provider of lab and
pathology services, filed a petition for Chapter 11 protection on
Oct. 25 in Delaware.  The case is In re Laboratory Partners Inc.,
13-bk-12769, U.S. Bankruptcy Court, District of Delaware
(Wilmington).


LE-NATURE INC: Trustee Inks $23.7MM Deal to End Dispute with K&L
----------------------------------------------------------------
Marc S. Kirschner, in his capacity as liquidation trustee for the
Le-Nature's, Inc., et al.'s liquidation trust, ask the U.S.
Bankruptcy for the Western District of Pennsylvania to approve a
settlement with K&L Gates LLP and Sanford Ferguson.

K&L Gates, under the settlement, will cause to be paid $23,750,000
to the Liquidation Trust.

The settlement resolves the Trustee's pending claims against K&L
Gates LLP and Sanford Ferguson, after more than four years of
extremely complex, costly and protracted litigation.

In September 2009, the Trustee commenced an action in the Court of
Common Pleas of Allegheny County, Pennsylvania, against K&L and
certain parties, Pascarella & Wiker LLP, and Carl A. Wiker, a P&W
partner, in connection with their roles in an investigation in
2003 as counsel to a special committee of LNI's board of directors
after three senior LNI financial officers resigned.

In the K&L Action, the Trustee asserted claims for professional
negligence, breach of contract, breach of fiduciary duty,
negligent misrepresentation and vicarious liability for the
separate alleged negligence of P&W and Wiker against the K&L
Parties, and claims for negligent misrepresentation and breach of
contract against the P&W Parties.

The complexity and uncertainty of the legal claims, the continuing
litigation costs, the K&L Parties' denial of any negligent conduct
and the substance of their various defenses, and the Trust's
finite resources all argue in favor of the settlement, according
to the Trustee's counsel, James H. Joseph, Esq., at Sweetwater
Law, LLC, in Sewickley, Pennsylvania.

The settlement, Mr. Joseph asserts, exceeds the lowest range of
reasonableness, in that it will, among other things, allow secured
Class 1 claims to be fully paid, deficiency unsecured Class 4A
claims to receive (for the first time) a substantial recovery, and
general unsecured non-CIT claims to receive a distribution of
approximately 4%.  The settlement, Mr. Joseph adds, will also
eliminate the burden and expense of further litigation against the
K&L Parties.  The Trustee believes that the settlement is the best
outcome achievable given all the circumstances and is in the best
interests of the Trust.

                      About Le-Nature's Inc.

Headquartered in Latrobe, Pennsylvania, Le-Nature's Inc. --
http://www.le-natures.com/-- made bottled waters, teas, juices
and nutritional drinks.  Its brands included Kettle Brewed Ice
Teas, Dazzler fruit juice drinks and lemonade, and AquaAde
vitamin-enriched water.

On Oct. 27, 2006, the Delaware Chancery Court appointed Kroll
Zolfo Cooper, Inc., as custodian of Le-Nature's, placing it in
charge of management and operations.  Within several days, Kroll
uncovered massive fraud at Le-Nature's.  On Nov. 1, 2006, Steven
G. Panagos, a Kroll managing director, filed an affidavit with the
Delaware Chancery Court setting forth the evidence of the
financial fraud he had discovered at Le-Nature's.

Four unsecured creditors of Le-Nature's filed an involuntary
Chapter 7 petition against the Company (Bankr. W.D. Pa. Case No.
06-25454) on Nov. 1, 2006.  Kroll converted the proceedings from
Chapter 7 to Chapter 11.

On Nov. 6, 2006, two of Le-Nature's subsidiaries, Le-Nature's
Holdings Inc., and Tea Systems International Inc., filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code.

The Debtors' cases were jointly administered.  The Debtors'
schedules filed with the Court showed $40 million in total assets
and $450 million in total liabilities.

Douglas Anthony Campbell, Esq., Ronald B. Roteman, Esq., and
Stanley Edward Levine, Esq., at Campbell & Levine, LLC,
represented the Debtors in their restructuring efforts.  The Court
appointed R. Todd Neilson as Chapter 11 Trustee.  Dean Z. Ziehl,
Esq., Richard M. Pachulski, Esq., Stan Goldich, Esq., Ilan D.
Scharf, Esq., and Debra Grassgreen, Esq., at Pachulski, Stang,
Ziehl, Young, Jones & Weintraub LLP, represented the Chapter 11
Trustee.  David K. Rudov, Esq., at Rudov & Stein, and S. Jason
Teele, Esq., and Thomas A. Pitta, Esq., at Lowenstein Sandler PC,
represented the Official Committee of Unsecured Creditors.  Edward
S. Weisfelner, Esq., Robert J. Stark, Esq., and Andrew Dash, Esq.,
at Brown Rudnick Berlack Israels LLP, and James G. McLean, Esq.,
at Manion McDonough & Lucas, represented the Ad Hoc Committee of
Secured Lenders.  Thomas Moers Mayer, Esq., and Matthew J.
Williams, Esq. at Kramer Levin Naftalis & Frankel LLP, represented
the Ad Hoc Committee of Senior Subordinated Noteholders.

On July 8, 2008, the Bankruptcy Court issued an order confirming
the liquidation plan for Le-Nature's.


LEHMAN BROTHERS: Wins Approval to Settle Fannie's $18.9BB Claim
---------------------------------------------------------------
Lehman Brothers Holdings Inc. won court approval of a deal it made
with the Federal National Mortgage Association ("Fannie Mae") to
settle the government-backed housing giant's claim tied to home
loans and mortgage securities it bought from the company.

Judge James Peck of the U.S. Bankruptcy Court for the Southern
District of New York on Jan. 29 approved the settlement, under
which Fannie Mae will receive a general unsecured claim of $2.15
billion, down from the $18.9 billion claim it originally wanted.
Under Lehman's $65 billion payout plan, the agency would recover
25% or about $537.5 million of that.

The settlement requires Fannie Mae to turn over documents Lehman
can use in pursuing claims against third parties for alleged
breaches of representations and warranties in connection with its
residential mortgage loan business.  A copy of the agreement can
be accessed for free at http://is.gd/DMQgWx

Lehman said it expects to get "substantial recoveries" to offset
what Fannie Mae receives in the settlement.

The settlement resolves one of the "single largest remaining
claims" against Lehman and frees up $5 billion for creditors.
Prior to the deal, the company had to maintain a $5 billion
reserve for Fannie Mae's claim in connection with its payout plan
approved in December 2011.

For Fannie Mae, the settlement allows the agency to put its
long-running legal fight with Lehman to rest, according to a
report by The Wall Street Journal.

"Fannie Mae is committed to putting legacy issues behind us so we
can focus on building a strong, sustainable housing finance
system for the future," the Journal quoted Bradley Lerman, Fannie
Mae's general counsel, as saying.

Fannie Mae filed the claim to recover losses from its investments
in residential mortgage-backed securities.  Lehman, however,
opposed the agency's bid to have its claim allowed as general
unsecured and asked Judge Peck to subordinate the claim pursuant
to Section 510(b) of the Bankruptcy Code.

Section 510(b) requires that claims for damages resulting from
the purchase or sale of a security of a debtor or its affiliate
be subordinated to the claims of other unsecured creditors.

Fannie Mae opposed the subordination of its claim, arguing it
does not fit into any of the categories that would subject it to
subordination.

                      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).


LEHMAN BROTHERS: Wants Objections to Avoidance Protocol Denied
--------------------------------------------------------------
Lehman Brothers Holdings Inc. asked the U.S. Bankruptcy Court in
Manhattan to overrule objections to the protocols it proposed for
litigating cases involving avoidance claims.

The objections were filed by the Bank of New York Mellon and
several other companies, most of which are defendants in a
lawsuit filed by Lehman's special financing unit.

Attorney for Lehman, Jacqueline Marcus, Esq., at Weil Gotshal &
Manges LLP, in New York, said the objections were "largely
misplaced," pointing out that the proposed order filed by the
company merely set up a process for adopting a litigation
protocol.

Ms. Marcus clarified that issues regarding the protocols will be
deferred until Lehman and the defendants begin negotiations over
the scheduling of litigation of the cases.

"At that point, the parties will have the opportunity to address
any issues involving the substance of the protocols," Ms. Marcus
said in a court filing.

The objections relate primarily to the substance of the protocols
and raise concerns about the lack of opportunity for defendants
in the avoidance actions to participate in preparation of the
protocols.

BNY Mellon, which serves as trustee for certain noteholders, had
said it won't object to the protocols so long as the bank is not
forced to participate in the cases without approval from
noteholders.

The other companies that objected are First Trust Strategic High
Income Fund II, Nationwide Life Insurance Co., Nationwide Mutual
Insurance Co., PB Capital Corp., Principal Life Insurance Co.,
Genworth Life and Annuity Insurance Co., Safety National Casualty
Corp., Reliance Standard Life Insurance Co., Shenandoah Life
Insurance Co., and Union Investment Institutional GmbH.

In a related development, the bankruptcy court issued a bridge
order extending the stay on the avoidance actions until it hands
down a decision on the four-month extension of stay requested by
Lehman.

Lehman was first granted an extension of stay by the bankruptcy
court on October 20, 2010.  The court imposed a nine-month stay
on more than 50 lawsuits filed by the company and its
subsidiaries to recover over $3 billion.  The stay has been
extended several times since then.

BNY Mellon is represented by:

     Eric A. Schaffer, Esq.
     Michael J. Venditto, Esq.
     REED SMITH LLP
     599 Lexington Avenue
     New York, New York 10022
     Tel: (212) 521-5400
     Fax: (212) 521-5450
     Email: eschaffer@reedsmith.com
            mvenditto@reedsmith.com

First Trust is represented by:

     Jeffrey G. Close, Esq.
     Jeremy D. Schreiber, Esq.
     CHAPMAN AND CUTLER LLP
     111 West Monroe Street
     Chicago IL 60603
     Tel: (312) 845-300
     Fax: (312) 701-2361
     Email: jclose@chapman.com
            jschreib@chapman.com

Genworth Life is represented by:

     Alex R. Rovira, Esq.
     SIDLEY AUSTIN LLP
     787 Seventh Avenue
     New York, New York 10019
     Tel: (212) 839-5300
     Fax: (212) 839-5959
     Email: arovira@sidley.com

Nationwide is represented by:

     James K. Haney, Esq.
     Daniel Fleming, Esq.
     Wong Fleming, P.C.
     821 Alexander Road, Suite 200
     Princeton, NJ 08540
     Tel: (609) 951-9520
     Fax: (609) 951-0270
     Email: jhaney@wongfleming.com
            dfleming@wongfleming.com

PB Capital is represented by:

     John R. Ashmead, Esq.
     Ronald L. Cohen, Esq.
     SEWARD & KISSEL LLP
     One Battery Park Plaza
     New York, New York 10004
     Tel: (212) 574-1200
     Fax: (212) 480-8421
     Email: ashmead@sewkis.com
            cohen@sewkis.com

Principal Life is represented by:

     Michael G. Burke, Esq.
     SIDLEY AUSTIN LLP
     787 Seventh Avenue
     New York, New York 10019
     Tel: (212) 839-5300
     Fax: (212) 839-5599
     Email: mgburke@sidley.com

Safety and Reliance are represented by:

     Michael G. Burke, Esq.
     SIDLEY AUSTIN LLP
     787 Seventh Avenue
     New York, New York 10019
     Tel: (212) 839-5300
     Fax: (212) 839-5599
     Email: mgburke@sidley.com

Shenandoah is represented by:

     Benjamin C. Ackerly, Esq.
     Shannon E. Daily, Esq.
     HUNTON & WILLIAMS LLP
     Riverfront Plaza, East Tower
     951 E. Byrd Street
     Richmond, Virginia 23219
     Tel: (804) 788-8200
     Fax: (804) 788-8218
     Email: backerly@hunton.com
            sdaily@hunton.com

Union Investment is represented by:

     James H. Millar, Esq.
     WILMER CUTLER PICKERING HALE AND DORR LLP
     7 World Trade Center
     250 Greenwich Street
     New York, New York 10007
     Tel: (212) 230-8800
     Fax: (212) 230-8888
     Email: james.millar@wilmerhale.com

                      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).


LEHMAN BROTHERS: Files 50th Status Report on Claims Settlement
--------------------------------------------------------------
Weil Gotshal & Manges LLP, Lehman's legal counsel, filed a
status report on the settlement of claims it negotiated through
the so-called alternative dispute resolution process.

The report noted that since the filing of the 49th status report,
Lehman has served three additional ADR notices, bringing the
total number of notices served to 448.

The company also reached settlements with counterparties in six
ADR matters, five as a result of mediation.  Upon closing of
those settlements, the company will recover a total of
$2,161,012,682.  Settlements have now been reached in 303 ADR
matters involving 402 counterparties.

As of Jan. 29, 2013, 132 of the 143 ADR matters that reached the
mediation stage and concluded were settled through mediation.
Only 11 mediations were terminated without settlement.

Nine more mediations are scheduled to be conducted for the period
Jan. 31 to April 3, 2014.

                      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).


LEHMAN BROTHERS: Seeks to Settle Claims of LB Japan et al.
----------------------------------------------------------
The trustee liquidating Lehman Brothers Holdings Inc.'s brokerage
asked the U.S. Bankruptcy Court in Manhattan to approve a
settlement of claims with Lehman's Japanese units.

The brokerage asserts a $200 million claim against Lehman
Brothers Japan Inc. tied to exchange-traded assets and
non-trading intercompany balances.

Meanwhile, Lehman Brothers Japan, Hercules K.K., LBC Y.K., Lehman
Brothers Finance (Japan) Inc., Lehman Brothers Real Estate Ltd.,
and Libertus Jutaku Loan K.K. brought more than $500 million in
claims against the brokerage.

If approved, the settlement would result in the Lehman brokerage
recovering cash, foreign currency and securities with a value in
excess of $173 million as of Jan. 16.

Under the deal, Lehman's Japanese units will receive six
unsecured non-priority general creditor claims in the total
amount of $457 million.  Moreover, Lehman Brothers Japan will
receive two customer claims in the total amount of $59 million.

A full-text copy of the agreement can be accessed for free
at http://is.gd/XnOwPi

A court hearing is scheduled for February 7.  Objections to the
proposed settlement are due by February 5.

                      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).


LEHMAN BROTHERS: Deal on Claims Duplication Approved
----------------------------------------------------
Lehman Brothers Holding Inc. obtained court approval of an
agreement it made with Lehman Brothers Real Estate Partners L.P.
and five other companies to eliminate potential duplication of
their claims against the holdings company.

The five other companies are Lehman Brothers (Europe 2) Real
Estate Partners L.P., Lehman Brothers Real Estate Pension
Partners L.P., Lehman Brothers/PSERS Real Estate L.P., Lehman
Brothers Real Estate Fund L.P. and Lehman Brothers Real Estate
Associates L.P.

The claimants acknowledge that they are not entitled to recover
separately from the holdings company on both a duplicative claim
and a corresponding surviving claim for the same liability.

A full-text copy of the agreement is available without charge
at http://is.gd/BecEY8

The claimants are represented by:

     Ross Kwasteniet, Esq.
     KIRKLAND & ELLIS LLP
     300 North LaSalle
     Chicago, IL 60654
     Tel: (312) 862-2000
     Fax: (312) 862-2200
     Email: ross.kwasteniet@kirkland.com

                      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: Cuts Deal on Short-Term Bankruptcy Loan
---------------------------------------------------------
Joseph Checkler, writing for The Wall Street Journal, reported
that wireless venture LightSquared has reached a deal for a short-
term bankruptcy loan from the holders of its bank debt, a group
that includes Dish Network Corp. Chairman Charlie Ergen.

According to the report, the $33 million loan proposal, made in a
filing with U.S. Bankruptcy Court in Manhattan, comes three days
after LightSquared said for the first time that it would include
Mr. Ergen in its reorganization plan.

A hearing on the loan, which would keep LightSquared afloat as it
negotiates a restructuring proposal, is set for Feb. 4 at noon
EST, the report said.  As recently as last week, Mr. Ergen, a
group of hedge funds holding LightSquared's bank debt, and
Fortress Investment Group LLC had all proposed separate loans.

The new one includes money from all those parties, with more than
half coming from Mr. Ergen's SP Special Opportunities LLC
investment vehicle, the report related.  Philip Falcone's
Harbinger Capital Partners, which controls LightSquared's equity,
isn't one of the lenders.

LightSquared has been fighting with Mr. Ergen and Dish since last
year, but at the Jan. 31 hearing LightSquared said it would start
consulting with Mr. Ergen on its reorganization, the report
further related.  He owns about $850 million of LightSquared's
bank debt, making him the company's largest secured creditor.

                      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.


LEXARIA CORP: MNP LLP Raises Going Concern Doubt
------------------------------------------------
Lexaria Corp. filed with the U.S. Securities and Exchange
Commission on Jan. 24, 2014, its annual report on Form 10-K for
the fiscal year ended Oct. 31, 2013.

MNP LLP expressed substantial doubt about the Company's ability to
continue as a going concern, citing that the Company had recurring
losses and requires additional funds to maintain its planned
operations.

The Company reported a net loss of $343,551 on $1.1 million of
natural gas and oil revenue for the fiscal year ended Oct. 31,
2013, compared with a net loss of $251,508 on $1.36 million of
natural gas and oil revenue in fiscal year ended Oct. 31, 2012.

The Company's balance sheet at Oct. 31, 2013, showed $3.57 million
in total assets, $1.47 million in total liabilities, and
stockholders' equity of $2.1 million.

A copy of the Form 10-K is available at:

                       http://is.gd/e0s72G

Lexaria Corp. was formed on Dec. 9, 2004, under the laws of the
State of Nevada and commenced operations on Dec. 9, 2004.  The
Company is an independent natural gas and oil company engaged in
the exploration, development and acquisition of oil and gas
properties in the United States and Canada.  The Company's entry
into the oil and gas business began on Feb. 3, 2005. The Company
has offices in Vancouver and Kelowna, BC, Canada.  Lexaria's
shares are quoted in the USA under the symbol LXRP and in Canada
under the symbol LXX.


LOCAL TV: S&P Withdraws 'B' CCR on Full Debt Repayment
------------------------------------------------------
Standard & Poor's Ratings Services withdrew its ratings, including
its 'B' corporate credit rating, on Local TV LLC at the company's
request.  The company repaid all of its debt following the sale of
its stations to Tribune Co. on Dec. 27, 2013.


LOEHMANN'S HOLDINGS: Gets $6.35MM from Madison for Sale of Leases
-----------------------------------------------------------------
Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York authorized Loehmann's Holdings Inc., et al.,
to perform in a designation rights agreement with Madison Capital
Holdings LLC.

Under the agreement, Madison Capital is given the exclusive
"designation rights" to dispose the Company's leasehold interests
in (x) the Company's retail store in 39 locations and (y) the
Company's corporate offices in Bronx, New York.

The aggregate consideration to be paid by the Buyer to the Company
for the Designation Rights will be $6,350,000.  In addition, the
Buyer will also be responsible for all of its other payment
obligations under the agreement, including its obligations to pay
additional amounts and its obligation to pay cure costs and
occupancy expenses.

According to Bill Rochelle, the bankruptcy columnist for Bloomberg
News, Madison originally offered $7.5 million for the lease
designation rights.  There were no competing bids.

Mr. Rochelle said before Judge Glenn approved the transaction,
Madison "raised objections" about some of the information given
about the leases.  After negotiations, Loehmann's agreed to accept
$6.35 million plus 10 percent of gross proceeds after Madison has
taken in $2.5 million, the report said.

Loehmann's Holdings Inc. may be reached at:

         2500 Halsey Street
         Bronx, NY 10461
         Attn: Lee A. Diercks
         Attn: Mindy C. Novack
         E-mail: ldiercks@clearthinkinggroup.com
         E-mail: mindyn@loehmanns.com
         Fax: (908) 359-5940
         Fax: (718) 430-5363

Loehmann's is represented by:

         Stroock & Stroock & Lavan LLP
         180 Maiden Lane
         New York, NY 10038
         Attn: Kristopher M. Hansen, Esq.
         Attn: Matthew A. Schwartz, Esq.
         E-mail: khansen@stroock.com
         E-mail: mschwartz@stroock.com
         Fax: (212) 806-6006

Madison Capital may be reached at:

         55 East 59th Street, 17th Floor
         New York, New York 10022
         Attn: David Steinberg
         Attn: J. Joseph Jacobson
         E-mail: ds@mcapny.com
         E-mail: jjj@mcapny.com
         Fax: (212) 759-8980

Madison Capital is represented by:

         Cole Schotz
         900 Third Avenue
         New York, NY 10022
         Attn: Leo V. Leyva, Esq.
         Attn: Ilana Volkov, Esq.
         E-mail: lleyva@coleschotz.com
         E-mail: ivolkov@coleschotz.com
         Fax: (201) 678-6294

The Official Committee of Unsecured Creditors is represented by:

         Kelly Drye & Warren LLP
         101 Park Avenue
         New York, NY 10178
         Attn: Robert L. LeHane
         E-mail: rlehane@kelleydrye.com
         Facsimile: (212) 808-7897

                        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.


LOEHMANN'S HOLDINGS: Court Enters Order Changing Case Name
----------------------------------------------------------
Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York entered an order changing the Chapter 11 case
names and captions in Loehmann's Holdings Inc., et al.'s Chapter
11 cases.

The case names in the Chapter 11 Cases are changed as follows:

   Current Name                 New Name
   ------------                 --------
   Loehmann's Holdings Inc.     LHI Liquidation Co. Inc.
   Loehmann's, Inc.             LI Liquidation Co. Inc.
   Loehmann's Operating Co.     LOC Liquidation Co. Inc.

                        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.


LOEHMANN'S HOLDINGS: Panel Hires FTI Consulting as Advisor
----------------------------------------------------------
The Official Committee of Unsecured Creditors of Loehmann's
Holdings Inc. and its debtor-affiliates seeks authorization from
the U.S. Bankruptcy Court for the Southern District of New York to
retain FTI Consulting, Inc. as financial advisor to the Committee,
nunc pro tunc to Dec. 23, 2013.

The Committee requires FTI Consulting to provide:

   (a) assistance with the review of the Debtors' analysis of
       business assets and the disposition or liquidation of these
       assets;

   (b) assistance in the review and monitoring of the asset sale
       process, including, but not limited to an assessment of the
       adequacy of the marketing process, completeness of any
       buyer lists, review and quantifications of any bids;

   (c) assistance with the assessment and monitoring of the
       Debtors' short term cash flow, liquidity, and operating
       results;

   (d) assistance in the preparation of analyses required to
       assess use of cash collateral;

   (e) assistance 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;

   (f) assistance with the review of the Debtors' proposed key
       employee retention and other employee benefit programs;

   (g) assistance with review of any tax issues associated with,
       but not limited to, claims/stock trading, preservation of
       net operating losses, refunds due to the Debtors, plans of
       reorganization, and asset sales;

   (h) assistance in the review of the claims reconciliation and
       estimation process;

   (i) assistance in the review of other 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;

   (j) attendance at meetings and assistance 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;

   (k) assistance in the evaluation and analysis of asserted lien
       positions, identification of unencumbered assets,
       allocation of value and avoidance actions, including
       fraudulent conveyances and preferential transfers;


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

   (m) assistance 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;

   (n) render such other general business consulting or such 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.

FTI Consulting will be paid at these hourly rates:

       Senior Managing Directors              $780-895
       Directors/Managing Directors           $570-755
       Consultants/Senior Consultants         $290-540
       Administrative/Paraprofessionals/
       Associates                             $120-250

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

Conor P. Tully, senior managing director of FTI Consulting,
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. 13, 2014, at 2:00 p.m.
Objections, if any, are due Feb. 6, 2014, at 4:00 p.m.

FTI Consulting can be reached at:

       Conor P. Tully
       FTI CONSULTING, INC.
       Three Times Square, 11th Floor
       New York, NY 10036
       Tel: 212-247-1010
       Fax: 212-841-9350
       E-mail: conor.tully@fticonsulting.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.


LOEHMANN'S HOLDINGS: Creditors' Panel Hires Kelley Drye as Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Loehmann's
Holdings Inc. and its debtor-affiliates seeks permission from the
U.S. Bankruptcy Court for the Southern District of New York to
retain Kelley Drye & Warren LLP as counsel to the Committee, nunc
pro tunc to Dec. 23, 2013.

The Committee requires Kelley Drye to:

   (a) advise the Committee with respect to its rights, duties and
       powers in these chapter 11 cases;

   (b) assist and advise the Committee in its consultations with
       the Debtors in connection with the administration of these
       chapter 11 cases;

   (c) assist the Committee in its investigation of the acts,
       conduct, assets, liabilities and financial condition of the
       Debtors, operation of the Debtors' businesses and the
       desirability of continuing or selling such businesses
       and assets under 11 U.S.C. Section 363, the formulation of
       a chapter 11 plan, and any other matter relevant to these
       chapter 11 cases;

   (d) assist the Committee in analyzing the claims of the
       Debtors' creditors and the Debtors' capital structure and
       in negotiating with holders of claims and equity interests,
       including analysis of possible objections to the priority,
       amount, subordination, or avoidance of claims and transfers
       of property in consideration of such claims;

   (e) advise and represent the Committee in connection with
       matters generally arising in these cases, including the
       sale of assets, the use of cash collateral, and the
       rejection or assumption of executory contracts and
       unexpired leases;

   (f) appear before the Bankruptcy Court, and any other federal,
       state or appellate court;

   (g) prepare, on behalf of the Committee, any pleadings,
       including without limitation, motions, memoranda,
       complaints, objections, and responses to any of the
       foregoing; and

   (h) perform such other legal services as may be required or are
       otherwise deemed to be in the interests of the Committee in
       accordance with the Committee's powers and duties as set
       forth in the Bankruptcy Code, Bankruptcy Rules, or other
       applicable law.

Kelley Drye will be paid at these hourly rates:

       Partners                     $535-$950
       Counsel                      $440-$670
       Associates                   $330-$645
       Paraprofessionals            $170-$345

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

James S. Carr, member of Kelley Drye, 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. 13, 2014, at 2:00 p.m.
Objections, if any, are due Feb. 6, 2014, at 4:00 p.m.

The Executive Office for United States Trustees recently adopted
new Guidelines for Reviewing Applications for Compensation and
Reimbursement of Expenses Filed under 11 U.S.C. Sec. 330 by
Attorneys in Larger Chapter 11 Cases -- so-called Appendix B
Guidelines.  By their terms, the Appendix B Guidelines "apply to
the USTP's review of applications for compensation filed by
attorneys in larger chapter 11 cases," and are intended as an
update to the original Guidelines adopted by the EOUST in 1996.
The Committee and Kelley Drye intend to make a reasonable effort
to comply with the U.S. Trustee's requests for information and
additional disclosures as set forth in the Appendix B Guidelines,
both in connection with this application and the interim and final
fee applications to be filed by Kelley Drye. It is the Committee's
and Kelley Drye's intention to work cooperatively with the U.S.
Trustee Program to address the concerns that prompted the EOUST to
adopt the Appendix B Guidelines; however, in doing so, the
Committee and Kelley Drye reserve all rights as to the relevance
and substantive legal effect of the Appendix B Guidelines in
respect of any application for employment or compensation in these
cases that falls within the ambit of the Appendix B Guidelines.

In a declaration filed together with the Application, Mr. Carr
stated that Kelley Drye did not represent the Committee in the 12
months prepetition.  Kelley Drye has represented other committees
in the Second and Third Circuits in the 12 months prepetition in
different bankruptcy cases and used the same billing rates in
those representations.  Moreover, Kelley Drye has represented some
of the Committee members in the 12 months prepetition in their
individual capacities in other bankruptcy cases, and Kelley Drye
has provided a discount of 10% to 15% to these clients in
consideration for additional business.

Mr. Carr also said that the Committee has approved Kelley Drye's
prospective budget and staffing plan until confirmation of a plan
of liquidation.

Kelley Drye can be reached at:

       James S. Carr, Esq.
       KELLEY DRYE & WARREN LLP
       101 Park Avenue
       New York, NY 10178
       Tel: (212) 808-7800

                         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.


MERITOR INC: S&P Assigns 'BB-' Rating to $415MM Secured Revolver
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' issue rating
and '1' recovery rating to Troy, Mich.-based commercial truck part
supplier Meritor Inc.'s proposed amended and extended $415 million
senior secured revolving credit facility due 2019.  The '1'
recovery rating indicates S&P's expectation of very high (90%-
100%) recovery in the event of a payment default.

The proposed transaction will increase the size of the company's
existing undrawn revolving credit facility to about $500 million
from $429 million; $85 million of the revolver will mature in 2017
and $415 million will mature in 2019.  Although extending the
maturity on the undrawn revolver will improve the company's
financial flexibility somewhat, the proposed transaction does not
affect the 'B' corporate credit rating on the company.  The
outlook remains stable, and the 'B-' issue ratings on the senior
unsecured debt remain unchanged.

The 'B' corporate credit rating on Meritor reflects S&P's
assessment of the company's financial risk profile as "highly
leveraged" and its business risk profile as "weak," with exposure
to the highly cyclical commercial vehicle markets.  Although the
company has improved its operational performance, S&P expects that
demand will remain at similar or slightly lower levels in most of
its end markets in 2014, compared with 2013.

RATINGS LIST

Meritor Inc.
Corporate credit rating                           B/Stable/--
Senior unsecured notes                           B-
  Recovery rating                                 5

New Rating

Meritor Inc.
$415 mil* snr secrd revlvg credit fac due 2019   BB-
  Recovery Rating                                 1

*Extended amount.


MF GLOBAL: Knighthead Questions Liquidation Fees
------------------------------------------------
Jacqueline Palank, writing for The Wall Street Journal, reported
that Knighthead Capital Management LLC says it is "extremely
troubled" by what it says is a lack of transparency for millions
of dollars of fees charged in the liquidation of MF Global Inc.

According to the Journal, Knighthead, a New York hedge-fund
manager that specializes in distressed investments, is calling for
more disclosure of the fees charged by the consultants and other
nonlegal professionals that trustee James W. Giddens hired to help
him wind down the defunct broker-dealer. Knighthead says those
fees may be as much as $200 million.

Knighhead "is extremely troubled by the incurrence of certain non-
attorney administrative expenses by the trustee's 'team of
professionals' without any ability of creditors or the court to
even review such expenses," Knighthead said in court papers filed
on Jan. 29, the Journal related.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported that Knighthead the MF Global trustee to explain why the
costs of liquidation are comparatively higher than those incurred
in winding up the brokerage affiliate of Lehman Brothers Holdings
Inc., another liquidation under the Securities Investor Protection
Act.

Mr. Rochelle pointed out that Knighthead is in a class of
unsecured creditors who won't be paid until MF Global customers
are fully paid and the Securities Investor Protection Corp. has
recovered the cash it laid out to pay expenses of the liquidation.

Appointed to wind down MF Global upon its October 2011 collapse,
Mr. Giddens encountered a $1.6 billion shortfall in brokerage
customer accounts, the Journal pointed out.  In November, he won
bankruptcy court approval of a plan to return 100% of the money
owed to MF Global's U.S. and overseas commodity customers.

The fees that Mr. Giddens and his lawyers charged for the
monumental effort are covered by the SIPC, which Congress created
in 1970 to protect brokerage customers, the Journal said.  The
bankruptcy court and SIPC review those fees.

                         About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of
the world's leading brokers of commodities and listed derivatives.
MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41,046,594,000 in total assets and $39,683,915,000 in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told
creditors with $1.134 billion in unsecured claims against the
parent holding company why they could expect a recovery of 13.4%
to 39.1% from the plan.  As a consequence of a settlement with
JPMorgan, supplemental materials informed unsecured creditors
their recovery was reduced to the range of 11.4% to 34.4%.  Bank
lenders will have the same recovery on their $1.174 billion claim
against the holding company.  As a consequence of the settlement,
the predicted recovery became 18% to 41.5% for holders of $1.19
billion in unsecured claims against the finance subsidiary,
one of the companies under the umbrella of the holding company
trustee.  Previously, the predicted recovery was 14.7% to 34% on
bank lenders' claims against the finance subsidiary.


MICRON TECHNOLOGY: S&P Rates New Sr. Unsecured Notes 'BB-'
----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' issue-level
rating and '3' recovery rating to Micron Technology Inc.'s
proposed senior unsecured notes due 2022.  The '3' recovery rating
indicates S&P's expectation of meaningful (50%-70%) recovery for
noteholders in the event of a payment default.  The company plans
to refinance existing 1.875% senior convertible notes due 2014
with proceeds from the current offering.  S&P rates the proposed
new notes the same as the corporate credit rating on the company.

The 'BB-' corporate credit rating and stable outlook reflect the
company's business focus in highly volatile semiconductor memory
markets and the substantial investment required to maintain
technology and cost leadership, what S&P characterizes as a "weak"
business risk profile, and a "significant" financial risk profile.

S&P expects that leverage will remain under 2x over the coming
year as the volatile memory sector enjoys favorable market
conditions, but could spike well above 2x due to market supply and
demand volatility.  The company's DRAM industry consolidation
participation, including its July 31, 2013 acquisition of Elpida
and incremental DRAM supply from Inotera Memories Inc., has
brought its DRAM revenue market share to about a 28%, third to
Samsung with an approximate 33% share and Hynix with an
approximate 29% share, according to IHS iSuppli.

RATINGS LIST

Micron Technology Inc.
Corporate Credit Rating                    BB-/Stable/--

New Rating

Micron Technology Inc.
Senior Unsecured notes due 2022            BB-
  Recovery Rating                           3


MID-ATLANTIC CORP: Fitch Hikes Viability Rating From 'b+'
---------------------------------------------------------
Ratings has affirmed Mid-Atlantic Corporate Federal Credit Union's
(Mid-Atlantic) Long-term Issuer Default Rating (IDR) and Short-
term IDR ratings at 'A+'/'F1+', respectively. In addition, Fitch
has upgraded Mid-Atlantic's Viability rating (VR) to 'bb-' from
'b+'. Mid-Atlantic's Rating Outlook remains Stable

Key Rating Drivers - IDRs

The affirmation of Mid-Atlantic's IDRs and Stable Outlook reflects
Fitch's view that the company will continue to benefit from the
government support provided to Corporate Credit Unions (CCUs)
through the National Credit Union Association (NCUA). Fitch
attributes an extremely high probability of support to CCUs from
regulatory authorities, as reflected in its high support rating
and support rating floor. This view is underpinned by the NCUA's
past actions and the U.S. Treasury's additional assistance to
credit unions by extending the operation of the Temporary
Corporate Credit Union Stabilization Fund through 2021. The
affirmation of Mid-Atlantic's 'F1+' Short-term IDR denotes the
company's exceptionally high capacity for timely payment of short-
term financial commitments, given government support will be
provided if needed. Under Fitch's rating criteria, when a
company's long-term IDR maps to more than one short-term rating,
the higher short-term rating may be assigned. In this case, Mid-
Atlantic's short-term IDR is 'F1+', reflecting government support.
Mid-Atlantic's IDR is currently at its Support Rating floor.

KEY RATING DRIVERS - VRs

The VR, which embodies the standalone assessment of Mid-Atlantic,
was upgraded to 'bb-' from 'b+', reflecting the overall
improvement of the company's financial profile. Mid-Atlantic's
capital levels continued to improve since last review, exceeding
'well capitalized' standards set by the NCUA. Fitch's current
ratings incorporate the company's relatively sufficient levels of
capital and liquidity, adequate sources of contingent funding, and
conservatively managed investment portfolio.

The company's VR is constrained by certain risk concentrations and
operational limitations inherent with the CCU industry. CCUs
generally operate with higher levels of leverage than more highly
rated financial institutions. They are also high interconnected
with credit unions and rely on short term funding and excess
liquidity within the industry. Mid-Atlantic is highly dependent on
the value of its investment securities portfolio for earnings and
liquidity which can fluctuate with movements in interest rates.

RATING SENSITIVITIES - IDRs

As previously noted, Mid-Atlantic's IDR is currently at its
Support Rating Floor. As such, Mid-Atlantic's IDR is sensitive to
Fitch's view of the expected level of support the CCU would
receive during a period of distress. Fitch's view toward support
for the CCUs was substantiated by the NCUA's past actions to
entire CCU system and the US Treasury's continued support. That
said, as the CCU system continues to recover and systemic issues
are addressed, Fitch will re-evaluate its view toward support.
Should Fitch's view toward the probability of support lessen
without a fundamental improvement in the financial condition of
Mid-Atlantic, the current IDR will likely be downgraded.

RATING SENSITIVITIES - VRs

Mid-Atlantic's VR is constrained by risks inherent with the CCU
industry. As a service and liquidity provider to credit unions,
Mid-Atlantic's VR is vulnerable to the credit union industry and
any deterioration in liquidity of member institutions.
Additionally, a material devaluation of Mid-Atlantic's securities
may adversely affect capital levels and liquidity, which would
result in a review of the credit. However, should Mid-Atlantic
continue to improve capital levels and funding profile while
maintaining a conservative investment strategy, positive rating
action may ensue.

KEY RATING DRIVERS -  SUPPORT RATING AND SUPPORT FLOOR RATING

Mid-Atlantic's Support Rating of '1' reflects Fitch's view that
the likelihood the company would receive extraordinary support
should such support be needed is extremely likely. Mid-Atlantic's
Support Rating Floor of 'A+' reflects Fitch's view that there is
an extremely high probability of support to CCUs and Mid-Atlantic
from regulatory authorities.

KEY RATING SENSITIVITIES - SUPPORT RATING AND SUPPORT FLOOR RATING

Mid-Atlantic's Support Rating is sensitive to Fitch's assumption
around the ability and willingness of the NCUA or U.S. government
to offer extraordinary support in case of need. As discussed,
Fitch will continue to re-evaluate its view on the probability of
support from the NCUA and US Government. Should the NCUA or US
Government explicitly or implicitly contradict Fitch's view
through regulatory action or guidance, a downgrade of Mid-
Atlantic's Support Rating and Support Floor Rating may be likely.

Fitch has taken the following rating actions:

Mid-Atlantic Corporate Federal Credit Union

-- Long-term IDR affirmed at 'A+';
-- Short-term IDR affirmed at 'F1+',
-- Support affirmed at '1';
-- Support Floor affirmed at 'A+';
-- Viability upgraded to 'bb-' from 'b+'


NIRVANIX INC: Court Approves Brinkman Portillo as Panel's Counsel
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
the Official Committee of Unsecured Creditors of Nirvanix, Inc.,
to retain Brinkman Portillo Ronk, PC, as counsel to the Committee,
nunc pro tunc to Nov. 4, 2013.

As reported in the Troubled Company Reporter on Nov. 25, 2013, the
Committee requires Brinkman Portillo to:

   (a) provide legal advice as necessary with respect to the
       Committee's powers and duties as an official committee
       appointed under 11 U.S.C. Section 1102;

   (b) assist the Committee in investigating the acts, conducts,
       assets, liabilities and financial condition of the Debtor,
       the operation of the Debtor's business, potential claims,
       and any other matters relevant to the case, to the sale of
       assets or to the formulation of a plan of reorganization;

   (c) participate in the formulation of a plan of reorganization;

   (d) provide legal advice as necessary with respect to any
       disclosure statement and plan filed in this case and with
       respect to the process for approving or disapproving
       disclosure statements and confirming or denying
       confirmation of a plan;

   (e) prepare on behalf of the Committee, as necessary,
       applications, motions, complaints, answers, orders,
       agreements and other legal papers;

   (f) appear in Court to present necessary motions, applications
       and pleadings, and otherwise protect the interests of those
       represented by the Committee;

   (g) assist the Committee in requesting the appointment of a
       trustee or examiner, should such action be necessary; and

   (j) perform other legal services as may be required and that
       are in the best interests of the Committee and creditors.

Brinkman Portillo will be paid at these hourly rates:

       Daren R. Brinkman, Partner      $575
       Laura J. Portillo, Partner      $495
       David H. Oken, of Counsel       $485
       Kevin C. Ronk, Partner          $390
       Associate Attornesy             $330
       Paralegals and Law Clerks       $175

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

Daren R. Brinkman, Esq., member of Brinkman Portillo, 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.

Brinkman Portillo can be reached at:

       Daren R. Brinkman, Esq.
       BRINKMAN PORTILLO RONK, PC
       4333 Park Terrace Drive, Ste 205
       Westlake Virginia, CA 91361
       Tel: (818) 597-2992

                    About Nirvanix, Inc.

Cloud storage company Nirvanix, Inc., based in San Diego,
California, sought protection under Chapter 11 of the Bankruptcy
Code on Oct. 1, 2013 (Case No. 13-12595, Bankr. D.Del.).  The case
is assigned to Judge Brendan Linehan Shannon.

The Debtor is represented by Norman L. Pernick, Esq., Marion M.
Quirk, Esq., and Patrick J. Reilley, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, PA.  Cooley LLP serves as the Debtor's
special corporate counsel.  Arch & Beam Global LLC serves as the
Debtor's financial advisor.  Epiq Systems Inc. is the Debtor's
claims and noticing agent.

The Debtor disclosed estimated assets of $10 million to $50
million and estimated debts of $10 million to $50 million.

The petition was signed by Debra Chrapaty, CEO.


NIRVANIX INC: Panel Can Hire Rosner Law as Delaware Counsel
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
the Official Committee of Unsecured Creditors of Nirvanix, Inc. to
retain The Rosner Law Group LLC as Delaware counsel to the
Committee, nunc pro tunc to Nov. 5, 2013.

As reported in the Troubled Company Reporter on Nov. 25, 2013, the
Committee requires Rosner Law to:

   (a) advise the Committee of its rights, powers and duties in
       this Chapter 11 case;

   (b) assist and advise the Committee in its consultations with
       the Debtor relative to the administration of this Chapter
       11 case;

   (c) assist the Committee in analyzing the claims of the
       Debtor's creditors and in negotiating with such creditors;

   (d) assist with the Committee's investigation of the acts,
       conduct, assets, liabilities and financial condition of the
       Debtor and the operation of its business;

   (e) assist the Committee in its analysis of, and negotiations
       with, the Debtor or its creditors concerning matters
       related to, among other things, the terms of any plan or
       plans of reorganization or liquidation or any section 363
       sale;

   (f) prepare on behalf of the Committee any necessary motions,
       applications, objections, answers, orders, reports and
       papers in furtherance of the Committee's interests and
       objectives; and

   (g) perform all other necessary legal services as may be
       required and are deemed to be in the interests of the
       Committee in connection with the Chapter 11 case.

Rosner Law will be paid at these hourly rates:

       Frederick B. Rosner             $325
       Scott Leonhardt                 $275
       Julia Klein                     $250
       Andrew Moore, admission pending $200
       Frederick Sassler, paralegal    $150

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

Frederick B. Rosner, sole member of Rosner Law, 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.

Rosner Law can be reached at:

       Frederick B. Rosner, Esq.
       THE ROSNER LAW GROUP LLC
       824 North Market Street, Ste 810
       Wilmington, DE 19801
       Tel: (302) 319-6300
       E-mail: rosner@teamrosner.com

                    About Nirvanix, Inc.

Cloud storage company Nirvanix, Inc., based in San Diego,
California, sought protection under Chapter 11 of the Bankruptcy
Code on Oct. 1, 2013 (Case No. 13-12595, Bankr. D.Del.).  The case
is assigned to Judge Brendan Linehan Shannon.

The Debtor is represented by Norman L. Pernick, Esq., Marion M.
Quirk, Esq., and Patrick J. Reilley, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, PA.  Cooley LLP serves as the Debtor's
special corporate counsel.  Arch & Beam Global LLC serves as the
Debtor's financial advisor.  Epiq Systems Inc. is the Debtor's
claims and noticing agent.

The Debtor disclosed estimated assets of $10 million to $50
million and estimated debts of $10 million to $50 million.

The petition was signed by Debra Chrapaty, CEO.


NIRVANIX INC: Wants Case Converted Due to Insufficient Cash
-----------------------------------------------------------
Nirvanix Inc. asks the U.S. Bankruptcy Court for the District of
Delaware to convert its Chapter 11 bankruptcy case to Chapter 7
liquidation proceeding, saying it has insufficient cash to
continue funding the Chapter 11 case and a propose plan.

The Debtor tells the Court that it has limited resources,
constraining its alternatives for an exit strategy.  The potential
expense in confirmation a plan, including, in part, the expenses
for remaining in Chapter 11 to complete a plan process,
establishing a claims bar date and reconciling potential claims,
are significant, according to the Debtor.

Patrick J. Reilley, Esq., at Cole, Schotz, Meisel, Forman &
Leonard, P.A., counsel of the Debtor, says there is simply not
sufficient cash remaining to continue funding the Debtor's case,
much less to fund a proposed plan.  The Debtor has also determined
that it will recover little if any additional proceeds from its
remaining accounts receivable, according to Mr. Reilley.

Mr. Reilley points out the Debtor believes it cannot be assured
that it could complete the plan confirmation process even under
the best case scenario.  The Debtor has determined that the
interests of its creditors will best be served by converting its
Case to a case under Chapter 7 so that a chapter 7 trustee may
distribute any remaining assets to creditors, while reducing the
continuing costs involved in administering its chapter 11 estate,
he adds.

A hearing was set for Jan. 9, 2014, to consider the Debtor's
request but the Court has not issued a ruling yet.

                       About Nirvanix, Inc.

Cloud storage company Nirvanix, Inc., based in San Diego,
California, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.Del. Case No. 13-12595) on Oct. 1, 2013.  The case
is assigned to Judge Brendan Linehan Shannon.

The Debtor is represented by Norman L. Pernick, Esq., Marion M.
Quirk, Esq., and Patrick J. Reilley, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, PA.  Cooley LLP serves as the Debtor's
special corporate counsel.  Arch & Beam Global LLC serves as the
Debtor's financial advisor.  Epiq Systems Inc. is the Debtor's
claims and noticing agent.

The Debtor disclosed estimated assets of $10 million to
$50 million and estimated debts of $10 million to $50 million.

The petition was signed by Debra Chrapaty, CEO.


OCWEN FINANCIAL: S&P Keeps B+ Loan Rating Over $2.2BB Refinancing
-----------------------------------------------------------------
Standard & Poor's Ratings Services said its 'B+' issue rating on
OCWEN Financial Corp.'s existing $1.3 billion term loan B is
unchanged following the company's announcement that it will pursue
a $2.2 billion refinancing, which will raise the company's
incremental debt by $900 million.

Ocwen will use the proceeds from the issuance to purchase mortgage
servicing rights (MSRs) from Wells Fargo & Co. and for future
acquisitions.  The purchase of MSRs from Wells Fargo will give
Ocwen the rights to service mortgages with an unpaid principal
balance of $39 billion.  Although leverage, measured by debt to
EBITDA, will rise above 3x following the refinancing of the term
loan, S&P expects the subsequent cash flows from the servicing
portfolio to reduce leverage to less than 3x within the next 12
months.

RATINGS LIST

OCWEN Financial Corp.
Issuer Credit Rating          B+/Stable/--

Rating unchanged

OCWEN Financial Corp.
$2.2 billion term loan        B+


OMNI REAL ESTATE: Jan. 30 Online Auction of Retirement Home
-----------------------------------------------------------
An online foreclosure auction of the assets of Avondale Manors
Retirement Home, which consisted of Lot 6 and 7, and Lot 8 and 9,
in Block 14, Avondale, in Broward County, Florida, was scheduled
to begin at 10:00 a.m. on Jan. 30, 2014, at
http://www.broward.realforeclose.com/

SW 2nd PLACE, LLC, was to conduct the foreclosure auction.

The sale was to include all assets and personal property of the
Debtor, together with all accessions, proceeds, products thereof,
investment property, power driven machinery, attachments,
accessories, parts, tools, work in progress, supplies, deposit
accounts, healthcare insurance receivables, fixtures, inventory,
accounts, instruments, chattel paper, general intangibles,
documents, machinery, furniture, and pledge collateral (Stock
Certificate No. 1 for 900 shares of Omni Real Estate and
Management Company, Inc. and Certificate No. 2 for 100 shares of
Omni Real Estate and Management Company, Inc., together with all
replacements and substitutions therefor.

The sale was made pursuant to a Final Default Judgment of
Foreclosure dated March 7, 2013 and an Order on Ex-Parte Motion to
Cancel and Reschedule Foreclosure Sale dated Oct. 24, 2013, and
entered in the case is, SW 2nd PLACE, LLC, a Florida limited
liability company, Plaintiff, vs. OMNI REAL ESTATE AND MANAGEMENT
COMPANY, INC., a Florida corporation d/b/a AVONDALE MANORS
RETIREMENT HOME, a/k/a AVONDALE MANORS RETIREMENT HOME, a/k/a NOVA
PALMS ALF; JOSEPH B. WILLIAMS, in rem; DIVERSIFIED MARKETING
GROUP, INC., SMALL BUSINESS FINANCIAL SOLUTIONS, LLC, Case No.
CACE-12-020103, pending before the Circuit Court of the
Seventeenth Judicial Circuit in and for Broward County, Florida.

The Notice of Judicial Sale posted at the Broward Daily Business
Review provides that: IF THIS PROPERTY IS SOLD AT PUBLIC AUCTION,
THERE MAY BE ADDITIONAL MONEY FROM THE SALE AFTER PAYMENT OF
PERSONS WHO ARE ENTITLED TO PAID FROM THE SALE PROCEEDS PURSUANT
TO THE FINAL JUDGMENT.  IF YOU ARE A SUBORDINATE LIENHOLDER
CLAIMING A RIGHT TO FUNDS REMAINING AFTER THE SALE. YOU MUST FILE
A CLAIM WITH THE CLERK NO LATER THAN SIXTY (60) DAYS AFTER THE
SALE.  IF YOU FAIL TO FILE A CLAIM, YOU WILL NOT BE ENTITLED TO
ANY REMAINING FUNDS.

SW 2nd PLACE, LLC, is represented by:

     Steven K. Platzek, Esq.
     GRANER & PLATZEK, P.A.
     720 E. Palmetto Park Road
     Boca Raton, FL 33432
     Tel: (561) 750-2445
     Fax: (561) 750-2446
     E-mail: skp@granerlaw.com
             ivy@granerlaw.com and
             kristin@granerlaw.com


OVERLAND STORAGE: Marathon Stake at 18.8% as of Dec. 31
-------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Marathon Capital Management, LLC, disclosed
that as of Dec. 31, 2013, it beneficially owned 5,837,514 shares
of common stock of Overland Storage Inc. representing 18.8 percent
of the shares outstanding.  Marathon Capital previously held
beneficial ownership of 5,823,864 common shares or 15 percent
equity stake as of Nov. 25, 2013.  A copy of the regulatory filing
is available for free at http://is.gd/257ISz

                      About Overland Storage

San Diego, Cal.-based Overland Storage, Inc. (Nasdaq: OVRL) --
http://www.overlandstorage.com/-- is a global provider of unified
data management and data protection solutions designed to enable
small and medium enterprises (SMEs), corporate departments and
small and medium businesses (SMBs) to anticipate and respond to
change.

Overland Storage incurred a net loss of $19.64 million on $48.02
million of net revenue for the fiscal year ended June 30, 2013, as
compared with a net loss of $16.16 million on $59.63 million of
net revenue during the prior fiscal year.  The Company's balance
sheet at June 30, 2013, showed $31.40 million in total assets,
$41.69 million in total liabilities and a $10.29 million total
shareholders' deficit.

Moss Adams LLP, in San Diego, California, issued a "going concern"
qualification on the consolidated financial statements for the
year ended June 30, 2013, citing recurring losses and negative
operating cash flows which raise substantial doubt about the
Company's ability to continue as a going concern.


PACE UNIVERSITY: S&P Lowers Rating on Outstanding Bonds to 'BB+'
----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating on
the New York State Dormitory Authority's outstanding bonds issued
for Pace University (Pace) to 'BB+' from 'BBB-'.  At the same
time, Standard & Poor's assigned its 'BB+' long-term rating to the
authority's $71 million series 2014A and $27 million 2014B revenue
bonds also to be issued for Pace.  The outlook is stable.

"The downgrade reflects our opinion of Pace's weak pro forma
financial resources ratios that, when combined with light, though
positive, operating performance for the rating category, do not
sufficiently offset the additional series 2014A and B debt and
capital spending during the next few years," said Standard &
Poor's credit analyst Charlene P. Butterfield.  "Despite the
pressure created by the additional debt, in our view, Pace's
enrollment has stabilized, and financial management has improved
in the past few years, and since fiscal 2011, the maintenance of
operating surpluses provide stability to the financial profile,
while the university completes its redesign of its Pleasantville
campus."

In S&P's view, though the redesign of the Westchester campuses
does present some risk to the financial profile, it expects that
it could improve its attractiveness to students over the next
several years.  S&P believes that the relative financial stability
compared with historical levels allows the university some cushion
as it pursues its strategic objectives.

"The rating also reflects our view of Pace's limited revenue-
raising flexibility offset by stable enrollment levels,
maintenance of full accrual operating surpluses through fiscal
2013, and healthy growth in net tuition," added Ms. Butterfield.

"The stable outlook reflects our expectation that, during the next
one to two years, enrollment and overall demand will remain stable
or demonstrate positive trends, and that financial performance
will be consistently breakeven or better, on a generally accepted
accounting principle basis.  Our outlook also reflects our
expectation that management will sell the Briarcliff campus
according to the articulated schedule and expected price.  While
we believe that financial resources will remain low, depressed by
significant other postemployment benefit liability and pro forma
debt, they will not be further reduced during the next one to two
years beyond current pro forma levels," S&P noted.

During the next one to two years, S&P could consider a negative
outlook or downgrade if operating performance returns to deficit
levels, if financial resources deteriorate from current pro forma
levels, or if the university issues additional debt without
significant growth in financial resources.  Because of the low
levels of financial resources and recent increase in debt, S&P do
not view a positive outlook or higher rating as likely during the
next one to two years.  Beyond the outlook period, S&P could
consider a positive outlook if Pace's operating surpluses are
maintained at substantially higher levels, or if financial
resources increase to soundly positive levels commensurate with an
investment-grade rating.


PAR PHARMACEUTICAL: S&P Lowers CCR to 'B' Over JHP Purchase
-----------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Par Pharmaceutical Cos. Inc. to 'B' from 'B+'.  The
outlook is stable.  In conjunction with the downgrade, S&P is
lowering its issue-level rating on the company's $1.450 billion
senior secured term loan B (which includes the $395 million add-
on) to 'B' (the same as the corporate credit rating) from 'B+'.
S&P is also lowering its issue-level rating on the company's
senior unsecured notes to 'CCC+' from 'B-'.  The senior secured
and senior unsecured recovery ratings of '3' and '6',
respectively, are unchanged.

"The downgrade follows leverage that, over the past two quarters,
has been sustained at more than 5x (higher than the 4x-5x we
previously expected for 2013) and the partly debt-financed
acquisition of JHP Pharmaceuticals that will increase leverage to
5.6x from an estimated 5.1x at Dec. 31, 2013," said Standard &
Poor's credit analyst Michael Berrian.  "Despite our expectation
of EBITDA contribution from JHP and some optional debt reduction,
we still believe the company will sustain this higher leverage
over the next year.  Moreover, even if Par increases its debt
capacity through EBITDA growth and debt reduction, we believe
additional debt-financed transactions (to build scale and/or add
additional manufacturing capabilities) could occur, ultimately
keeping leverage greater than 5x on a sustained basis," added
Mr. Berrian.

S&P considers Par to have a "weak" business risk profile because
the company lacks scale in the competitive generic pharmaceutical
market, where cost and breadth of product offering are critical.
While the company is the fifth-largest competitor in the U.S.
generic pharmaceutical market, it holds only a 3% market share and
some distance from number four--Actavis Inc. (8% market share).
It also has some product concentration with its top five generic
products accounting for about 40% of total revenues at Sept. 30,
2013.  Somewhat mitigating this weak business risk profile is
Par's successful track record of consistently introducing new
products, its focus on difficult-to-manufacture generic
formulations, and its successful track record of first-to-file
paragraph IV patent challenges (to obtain 180 days of market
exclusivity).


PATIENT SAFETY: Brian Stewart Stake at 6.8% as of Dec. 31
---------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities
and Exchange Commission, Brian Stewart disclosed that as of
Dec. 31, 2013, he beneficially owned 2,792,291 shares of common
stock of Patient Safety Technologies, Inc., representing 6.8
percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/a2GRwL

                 About Patient Safety Technologies

Patient Safety Technologies, Inc. (OTC: PSTX) --
http://www.surgicountmedical.com/-- through its wholly owned
operating subsidiary SurgiCount Medical, Inc., provides the
Safety-Sponge(TM) System, a system designed to improve the
standard of patient care and reduce health care costs by
preventing the occurrence of surgical sponges and other retained
foreign objects from being left inside patients after surgery.
RFOs are among one of the most common surgical errors.

The Company's balance sheet at Sept. 30, 2013, showed $18.71
million in total assets, $5.56 million in total liabilities and
$13.15 million in stockholders' equity.

Patient Safety incurred a net loss applicable to common
shareholders of $1.91 million for the nine months ended Sept. 30,
2013.  The Company incurred a net loss of $2.20 million in 2012
following a net loss of $1.89 million in 2011.


PITNEY BOWES INT'L: Fitch Affirms 'BB' Preferred Stock Rating
-------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Rating (IDR) of
Pitney Bowes Inc. (PBI) and its subsidiary, Pitney Bowes
International Holdings, Inc. (PBIH) at 'BBB-'. The Rating Outlook
has been revised to Stable from Negative. The Stable Outlook
reflects the actions taken by Pitney Bowes to reduce debt and
leverage and improve its operations.

KEY RATING DRIVERS

The ratings are supported by: the significant and entrenched
market position in the core U.S. Mailing business; the necessity
of mail equipment and services to conduct business across all
industries; the diversity of the company's customer base, from
both an industry and size perspective.

PBI has stated its commitment to investment grade metrics,
although these metrics and their levels have not been defined.
Fitch believes that the actions taken in 2013 demonstrate that PBI
is committed to maintaining investment grade ratings. These
actions include the reduction in its quarterly dividend from
$0.375 to $0.1875 per share, a 50% reduction, resulting in a
saving of approximately $150 million per year. In addition, the
company used proceeds from the sale of its Management Services
business to redeem its $300 million in senior notes due in 2014.

Over the last two years, PBI has reduced its total debt from $4.5
billion in 2011 to $3.6 billion at the end of 2013 (totals include
PBIH's preferred security). Fitch calculated unadjusted gross
leverage has declined from 4.7x in 2011 to approximately 4.3x
(leverage metrics for both periods are pro forma for operating
divestures), and core leverage has declined a full turn over the
same period. Fitch expects 2014 year-end total leverage to remain
at 4.3x.

Fitch is not expecting material acquisition or share buyback
activity, and there is limited room within the ratings for any
share buyback activity. Any debt-funded share buyback activity or
a material debt funded acquisition would be outside of current
ratings.

Fitch continues to be concerned with the continued revenue
declines. Enterprise business ended the 2013 year up 3.5% and
digital commerce solutions was up 3.1%. However, these gains were
unable to fully offset the declines in the North American small-
and medium-sized businesses, which was down 5.3%. Total revenue
for 2013 was down 1.3%. Fitch notes that in the last three
quarters, PBI has delivered positive year-over-year revenue growth
in equipment sales. Continued positive growth in equipment sales
could lead to improved financing, rental and supply revenues. PBI
has provided revenue guidance of down 1% to up 2%, on a constant
currency basis; Fitch believes this is achievable. There is
limited room in the ratings for PBI to fall short on these revenue
expectations.

Ratings concerns include the secular and cyclical pressures
inherent to the business and top-line declines. The ratings also
consider event risk, faced by bondholders of all companies faced
with secular challenges and underperforming equity, of a
potentially more aggressive financial policy and capital
structure.

Fitch believes cyclical pressures accelerate the well-documented
secular challenges, as customers could look to digital mailing as
a cost-reduction mechanism, and choose to keep existing equipment.
The acceleration of digital substitution for physical transaction
mail results in reduced need for PBI's mailing equipment. Although
the majority of PBI's revenue is not directly tied to mail volume,
Fitch believes continued mail volume declines could drive reduced
equipment needs, whether in terms of size, number or
functionality.

PBI's initiatives to position itself more as a digital and
services company could gain traction. That said, in the near term,
these initiatives will be challenged in offsetting the declines in
the high-margin North American mailing space. These products could
cannibalize existing physical business, but Fitch believes such a
strategy is unavoidable, given ongoing digital substitution.

Liquidity

Pitney Bowes' liquidity position at Dec. 31, 2013 was solid,
consisting of: $908 million of cash; and an undrawn $1 billion
revolving credit facility maturing in April 2016, which backstops
the company's $1 billion commercial paper program. Liquidity is
further supported by the company's annual free cash flow (FCF)
generation.

Fitch calculates estimates 2013 FCF at approximately $300 million.
Fitch's current base case projections estimate annual FCF at $200
million-$250 million for the next few years. Fitch's FCF
calculation deducts Pitney Bowes common and preferred dividend
payments and does not add back cash flows associated with
restructuring payments, and tax payments related to sales of
leveraged lease assets.

Pitney Bowes faces material annual maturities over the next
several years. However, Fitch recognizes that the company can
address a significant portion of its maturities organically with
its pre-dividend FCF generation.

As of Dec. 31, 2013, Pitney Bowes' total debt was $3.6 billion.
Fitch estimates that this consists of:

-- $3.1 billion of senior unsecured debt, maturing between 2015-
    2022 ($2.2 billion), one maturing in 2037 ($500 million) and
    one maturing in 2043 ($425 million);

-- $230 million in term loans due in 2015/2016;

-- $300 million of variable-term voting preferred stock in the
    company's subsidiary, PBIH. Under Fitch's hybrid security
    criteria, Fitch assigns 0% equity credit given the less than
    five-year maturity (based on the October 2016 call date).

RATING SENSITIVITIES

Positive: Given the secular challenges facing the company, Fitch
does not expect positive rating momentum in the near term.
Sustainable revenue growth driven by the company's various product
initiatives coupled with a commitment to continue reducing
absolute levels of debt may drive positive rating momentum.

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:

-- Lack of traction in the company's digital initiatives and
    other growth businesses amid ongoing declines in the
    traditional physical business. Also, sustained revenue
    declines in the mid- to high-single-digits would pressure the
    ratings;

-- A sustained increase in total leverage from current levels,
    whether the result of incremental debt or lower EBITDA;

-- Indications of a more aggressive financial policy.

Fitch has affirmed the following ratings:

Pitney Bowes

-- IDR at 'BBB-';
-- Senior unsecured revolving credit facility at 'BBB-';
-- Senior unsecured term loan at 'BBB-';
-- Senior unsecured notes at 'BBB-';
-- Short-term IDR at 'F3';
-- Commercial paper at 'F3'.

PBIH

-- Long-term IDR at 'BBB-';
-- Preferred stock at 'BB'.

The Outlook has been revised to Stable from Negative.


PLANDAI BIOTECHNOLOGY: Hires Terry L. Johnson as New Accountant
---------------------------------------------------------------
Plandai Biotechnology, Inc., accepted the resignation of Patrick
Rodgers, CPA, P.A., from his engagement to be the independent
certifying accountant for the Company.

Other than an explanatory paragraph included in Rodgers' audit
report for the Company's fiscal years ended June 30, 2013, and
2012 relating to the uncertainty of the Company's ability to
continue as a going concern, the audit reports of Rodgers on the
Company's financial statements for the last fiscal year ended
June 30, 2013, and 2012 through Jan. 22, 2014, did not contain an
adverse opinion or a disclaimer of opinion, nor was it qualified
or modified as to uncertainty, audit scope or accounting
principles.

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

On Jan. 22, 2014, the Company's Board of Directors approved the
engagement of Terry L. Johnson, CPA, as the Company's independent
accountant effective immediately to audit the Company's financial
statements and to perform reviews of interim financial statements.
During the fiscal years ended June 30, 2013, and 2012 through
Jan. 22, 2014, neither the Company nor anyone acting on its behalf
consulted with Terry L. Johnson, CPA.

In a letter to the U.S. Securities and Exchange Commission, Mr.
Rogers said, "I have reviewed the disclosure under Item 4.01 and
agree with its statements concerning the scope and results of my
engagement as the Company's prior auditor."

                           About Plandai

Based in Seattle, Washington, Plandai Biotechnology, Inc., through
its recent acquisition of Global Energy Solutions, Ltd., and its
subsidiaries, focuses on the farming of whole fruits, vegetables
and live plant material and the production of proprietary
functional foods and botanical extracts for the health and
wellness industry.  Its principle holdings consist of land, farms
and infrastructure in South Africa.

Plandai incurred a net loss of $2.96 million on $359,143 of
revenues for the year ended June 30, 2013, as compared with a net
loss of $3.83 million on $74,452 of revenues during the prior
fiscal year.  The Company's balance sheet at Sept. 30, 2013,
showed $8.89 million in total assets, $13.11 million in total
liabilities and a $4.22 million deficit allocated to the Company.

Patrick Rodgers, CPA, PA, in Altamonte Springs, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended June 30, 2013.  The independent
auditors noted that the Company has incurred losses since
inception, has a negative working capital balance at June 30,
2013, and has a retained deficit, which raises substantial doubt
about its ability to continue as a going concern.


QUANTUM FUEL: Ampery Asset No Longer Owns Common Shares
-------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Empery Asset Management, LP, Ryan M. Lane,
and Martin D. Hoe disclosed that as of Dec. 31, 2013, they do not
beneficially owned shares of common stock of Quantum Fuel Systems
Technologies Worldwide, Inc.  The reporting persons previously
held 3,172,578 common shares or 6.23 percent equity stake as of
Dec. 31, 2012.  A copy of the regulatory filing is available for
free at http://is.gd/tnd78K

                         About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel disclosed a net loss attributable to stockholders of
$30.91 million in 2012 and a net loss attributable to common
stockholders of $38.49 million in 2011.  The Company's balance
sheet at Sept. 30, 2013, showed $60.64 million in total assets,
$50.27 million in total liabilities and $10.36 million in total
stockholders' equity.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company does not have sufficient existing sources of
liquidity to operate its business and service its debt obligations
for a period of at least twelve months.  These conditions, along
with the Company's working capital deficit and recurring operating
losses, raise substantial doubt about the Company's ability to
continue as a going concern.


REEVES DEVELOPMENT: Disputes IberiaBank's Case Conversion Bid
-------------------------------------------------------------
Reeves Development Company LLC opposes the request of secured
creditor IberiaBank to Reeves' Chapter 11 case to a Chapter 7
liquidation proceeding.

The Debtor tells the U.S. Bankruptcy Court for the Western
District of Louisiana that it has acted as a reasonable debtor-in-
possession in conducting its affairs during this case and has made
significant improvements on its property.  According to the
Debtor, it has filed an amended Chapter 11 plan of reorganization,
which utilizes the actual developments and planned developments to
pay all allowed claims in the case in full within a reasonable
period of five years.  The Debtor adds that the amended plan is in
the best interest of all creditors of the estate.  Neither
conversion nor the appointment of a trustee is warranted in this
case, and it should be allowed to present of its amended plan to
creditors for voting, the Debtor notes.

As reported in the Troubled Company Reporter on Jan. 8, 2014,
IberiaBank sought to convert the Debtor's case to chapter 7 or
have a Chapter 11 trustee appointed.  The bank averred that the
case should be converted because it is in the best interest of the
creditors and the estate.  According to the bank:

     a. substantial or continuing loss to or diminution of
        the estate and the absence of a reasonable likelihood
        of rehabilitation;

     b. gross mismanagement of the estate;

     c. failure to maintain appropriate insurance that pose a
        risk to the estate or to the public;

     d. unauthorized use of cash collateral substantially
        harmful to one or more creditors;

     e. failure to comply with an order of the court; and

     f. unexpected failure to satisfy timely and filing or
        reporting requirement established by this title or by
        any rule applicable to a case under this chapter.

As reported in the TCR on Nov. 11, 2013, IberiaBank is blocking
efforts by Reeves to win court approval to use a portion of the
funds considered to be the bank's cash collateral.  Reeves in
October asked the Bankruptcy Court for green light to use the cash
collateral to fund a material pit project in Lake Charles,
Louisiana.  Ronald Bertrand, Esq., said creditors including
IberiaBank "do not have the ability to monitor what is going on as
to their cash collateral" because the company doesn't file its
financial reports on time.

                  About Reeves Development

Reeves Development Company, LLC, a commercial and residential real
estate developer, filed a Chapter 11 petition (Bankr. W.D. La.
Case No. 12-21008) in Lake Charles, Louisiana, on Oct. 30, 2012.
The closely held developer was founded in 1998 by Charles Reeves
Jr., its sole owner.  Reeves Development has about 80 employees
and generates about $40 million in annual revenue, according to
its Web site.

Bankruptcy Judge Robert Summerhays oversees the case.  Arthur A.
Vingiello, Esq., at Steffes, Vingiello & McKenzie, LLC, in Baton
Rogue, Louisiana, represents the Debtor as counsel.

Reeves Development scheduled assets of $15,454,626 and liabilities
of $20,156,597 as of the Petition Date.

Affiliate Reeves Commercial Properties, LLC (Bankr. W.D. La. Case
No. 12-21009) also sought court protection.

The Debtor's Plan dated Feb. 27, 2013, provides that on the
effective date, all allowed accrued interest calculated at the
non-default contractual rate of 4% per annum plus any amounts
allowed by the Court will be capitalized and added to the
outstanding principal balance due under the note issued by Iberia
Bank.  The maturity of the Iberia Note will be extended to 60
months from the Effective Date.  The Debtor will then repay the
New Principal Balance with interest accruing at the non-default
contractual rate of 4% per annum from the Effective Date.


RGR WATKINS: Judge May Dismisses Chapter 11 Bankruptcy Case
-----------------------------------------------------------
The Hon. K. Rodney May of the U.S. Bankruptcy Court for the Middle
District of Florida has dismissed the Chapter 11 bankruptcy case
of RGR Watkins, LLC.

According to the Troubled Company Reporter on Dec. 30, 2013, the
Debtor has reached a mediated settlement agreement with CJUF III
Atlas Portfolio, LLC, as successor in interest to CSMI Investors
LLC, as successor in interest to Bank of America, N.A., the
Debtor's major secured creditor.  CJUF has been the sole active
creditor in the bankruptcy case.

Elena Paras Ketchum, Esq., at Stichter, Riedel, Blain & Prosser,
P.A., the attorney for the Debtor, said that the Debtor intends to
negotiate with its four unsecured creditors outside of court.
Ms. Ketchum added that dismissal is in the best interest of
creditors as it effectuates the settlement agreement with CJUF and
obviates the need for further litigation and administrative costs,
which would be to the detriment of all creditors.

Ms. Ketchum consulted with Denise Barnett, attorney for the U.S.
Trustee, and Denise Dell-Powell, Esq., counsel for CJUF, regarding
the relief requested by this motion.  Both the U.S. Trustee and
CJUF consent to the dismissal of the bankruptcy case.

Ms. Dell-Powell can be reached at:

         BURR & FORMAN LLP
         200 South Orange Avenue, Suite 800
         Orlando, Florida  32801
         Phone: (407) 540-6607
         Fax: (407) 264-6466
         E-mail: denise.dell-powell@burr.com

                         About RGR Watkins

RGR Watkins, LLC, owns Watkins Business Center, which is comprised
of 25 one-story office/flex buildings in Norcross, Gwinnett
County, Georgia.  The site is comprised of eight parcels toaling
41 acres or 1,778,147 square feet.

RGR Watkins filed a petition for Chapter 11 protection
(Bankr. M.D. Fla. Case No. 13-12147) on Sept. 12, 2013, in Tampa,
Florida.  The petition was signed by Robert G. Roskamp as manager.
The Debtor estimated assets and debts of at least $10 million.
The Debtor is represented by Elena P. Ketchum, Esq., and Amy
Denton Harris, Esq., at Stichter, Riedel, Blain & Prosser, P.A.,
in Tampa, FL, as counsel.


ROTECH HEALTHCARE: GAO Denies Protest Over $42MM in VA Contracts
----------------------------------------------------------------
Law360 reported that the U.S. Government Accountability Office has
denied a protest by formerly bankrupt Rotech Healthcare Inc.
challenging the award of $42 million in contracts to supply
veterans with home oxygen equipment, according to a decision made
public on Jan. 24.

According to the report, the GAO rejected Rotech's argument that
the contracting officer for the U.S. Department of Veterans
Affairs unreasonably ignored recent and relevant information when
determining the company lacked the financial wherewithal to be
eligible for an award.

                      About Rotech Healthcare

Based in Orlando, Florida, Rotech Healthcare Inc. (NASDAQ: ROHI)
-- http://www.rotech.com/-- provides home medical equipment and
related products and services in the United States, with a
comprehensive offering of respiratory therapy and durable home
medical equipment and related services.  The company provides
equipment and services in 48 states through approximately 500
operating centers located primarily in non-urban markets.

The Company reported a net loss of $14.76 million in 2011, a net
loss of $4.20 million in 2010, and a net loss of $21.08 million
in 2009.

The Company's balance sheet at Sept. 30, 2012, showed
$255.76 million in total assets, $601.98 million in total
liabilities, and a $346.22 million total stockholders' deficiency.

On April 8, 2013, Rotech Healthcare and 114 subsidiary companies
filed petitions seeking relief under chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 13-10741) to implement a pre-
arranged plan negotiated with secured lenders.

Attorneys at Proskauer Rose LLP, and Young, Conaway, Stargatt &
Taylor served as counsel to the Debtors; Foley & Lardner LLP was
the healthcare regulatory counsel; Akin Gump Strauss Hauer & Feld
LLP was the special healthcare regulatory counsel; Barclays
Capital Inc. was the financial advisor; Alix Partners, LLP was the
restructuring advisor; and Epiq Bankruptcy Solutions LLC was the
claims agent.

Prepetition term loan lender and DIP lender Silver Point Capital
and other consenting noteholders were represented by Wachtell,
Lipton, Rosen & Katz, and Richards Layton & Finger PA.

The Official Committee of Unsecured Creditors tapped Otterbourg,
Steindler, Houston & Rosen, P.C., as counsel; Buchanan Ingersoll &
Rooney PC as Delaware counsel; and Grant Thornton LLP as financial
advisor.

The U.S. Trustee at the end of April appointed an official
committee of equity holders.  Members include Alden Global
Recovery Master Fund LP, Varana Capital Master LP, Wynnefield
Partners Small Cap Value LP I, Bastogne Capital Partners, LP, and
Kenneth S. Grossman P.C. Pension Plan.  The Equity Panel is
represented by Bayard, P.A. as Delaware counsel.

Rotech on Aug. 29 disclosed that the Bankruptcy Court has approved
the Second Amended Joint Plan of Reorganization, along with $358
million of exit financing commitments received from Wells Fargo
and certain existing holders of the 10.5% Senior Second Lien
Secured Notes.  The reorganization plan was confirmed at a court
hearing in Delaware and was supported by the Statutory Committee
of Unsecured Creditors. Creditors entitled to vote overwhelmingly
voted in favor of the reorganization plan.

Under the reorganization plan, the Company's existing common stock
will be cancelled and substantially all of the new common stock of
reorganized Rotech will be distributed to holders of the 10.5%
Senior Second Lien Secured Notes.  Trade suppliers are to be paid
in full, if they agree to continue providing credit.  The existing
$23.5 million term loan would be paid in full, and the $230
million in 10.75 percent first-lien notes will be amended.

The Company, on Sept. 27, 2013, implemented the reorganization
plan approved when a bankruptcy judge in Delaware signed a
confirmation order on Aug. 29.


RP & RP ENTERPRISES: Personal Property to Be Auctioned Off Feb. 6
-----------------------------------------------------------------
One World Bank will sell at public outcry, for cash, to the
highest qualified bidder on Feb. 6, 2014, at 10:00 a.m. CDST, the
personal property of R.P. & R.P. Enterprises, Inc., pursuant to
the Alabama Uniform Commercial Code.

The auction will be conducted at 1010 County Road 208, Eutaw, AL
35462, which real property is owned by R.P. & R.P. Enterprises.

The assets to be sold include: (a) building and construction
materials and equipment; (b) rentals, deposits, and other sums as
may become due R.P. & R.P. Enterprises, as landlord; (c) deposits
for taxes, insurance or otherwise, made under any deed of trust or
other instrument securing payment of the indebtedness of R.P. &
R.P. Enterprises to One World Bank; (d) equipment; (e)
replacements, betterments, substitutes and renewals of and
additions to any of the Collateral; (f) proceeds, including
without limitation, condemnation or insurance proceeds arising out
of or with respect to the Collateral or the real property; and (g)
all products of the Collateral.

Collateral will also include assignments of rents and leases
acquired by R.P. & R.P. Enterprises.

One World Bank disclaims all express and implied warranties as to
the Collateral.  This auction is with reserve and the One World
Bank reserves the right to reject any and all bids.  The purchaser
at the sale will bear the cost of removing the Collateral from its
present location.

Attorney for One World Bank is:

     Matthew Q. Tompkins, Esq.
     ROSEN HARWOOD, P.A.
     2200 Jack Warner Pkwy Ste. 200
     P.O. Box 2727
     Tuscaloosa, AL 35403
     Tel: (205) 344-5000


SALTON SEA: S&P Lowers Rating on $285MM Sr. Secured Notes to 'BB'
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its rating
to 'BB' from 'BBB-' on Salton Sea Funding Corp.'s (SSFC)
$285 million senior secured notes due 2018.  (The current balance
is about $86 million.)  S&P assigned a recovery rating of '1' to
the notes.  The outlook is stable.

"The rating action reflects our anticipation of higher capital
expenditures through SSFC's debt maturity in 2018 to maintain
historical factoes, which will lead to lower debt service coverage
(DSC)," said Standard & Poor's credit analyst Tony Bettinelli.

The stable outlook reflects S&P's base case expectation that DSC
will average 1.58x through the term of the debt, measuring less
than 1.0x this year and approximately 1.5x next year, and then
improving thereafter but to a level lower than S&P previously
anticipated.


SEARS HOLDINGS: Lead Director May Preside Over Exec. Sessions
-------------------------------------------------------------
The Board of Directors of Sears Holdings Corporation approved and
adopted amendments to the Company's Amended and Restated By-Laws,
which, among other things, include a new Section 12 of Article II
that clarifies that the independent members of the Board may
appoint a lead independent director who will preside over the
executive sessions of the independent members of the Board.  The
amendment also adds a new Section 4 of Article VI that provides
that, subject to certain exclusions, the Court of Chancery of the
State of Delaware will be the exclusive forum for certain legal
actions.  In addition, certain non-substantive amendments were
made to the By-Laws.  A copy of the Amended and Restated By-Laws
is available for free at http://is.gd/m3BMxz

                            About Sears

Hoffman Estates, Illinois-based Sears Holdings Corporation
(Nasdaq: SHLD) -- http://www.searsholdings.com/-- operates full-
line and specialty retail stores in the United States and Canada.
Sears Holdings operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation.  Sears Holdings also owns a
94 percent stake in Sears Canada and an 80.1 percent stake in
Orchard Supply Hardware.  Key proprietary brands include Kenmore,
Craftsman and DieHard, and a broad apparel offering, including
such well-known labels as Lands' End, Jaclyn Smith and Joe Boxer,
as well as the Apostrophe and Covington brands.  It also has the
Country Living collection, which is offered by Sears and Kmart.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  John Wm. "Jack" Butler, Jr., Esq., at Skadden,
Arps, Slate, Meagher & Flom, LLP, represented the retailer in its
restructuring efforts.  The Company's balance sheet showed
$16,287,000,000 in assets and $10,348,000,000 in debts when it
sought chapter 11 protection.  Kmart bought Sears, Roebuck & Co.,
for $11 billion to create the third-largest U.S. retailer, behind
Wal-Mart and Target, and generate $55 billion in annual revenues.
Kmart completed its merger with Sears on March 24, 2005.

The Company's balance sheet at Nov. 2, 2013, showed $20.20 billion
in total assets, $17.88 billion in total liabilities and $2.32
billion in total equity.

                           Junk Rating

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to Caa1 from B3.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year. The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period. For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year. Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014. "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy. He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."


SEVEN GENERATIONS: Moody's Rates $300MM Notes Add-on 'Caa1'
-----------------------------------------------------------
Moody's Investors Service, assigned a Caa1 rating to Seven
Generations Energy Ltd.'s (7G) proposed $300 million senior
unsecured notes add-on. The Corporate Family Rating (CFR) of B3,
the Probability of Default Rating (PDR) of B3-PD and Speculative
Grade Liquidity rating of SGL-3 were affirmed. The rating outlook
remains stable.

With the proposed notes, adjusted debt will increase to $715
million from $415 million, which will fully fund the company's
planned CAD875 million capital expenditure program in 2014.
Moody's believes this spending will increase production to 27,000
boe/d from 17,000 boe/d for the first week of January
2014(production figures are net of royalties), thereby supporting
the existing rating despite the large increase in debt.

Upgrades:

Issuer: Seven Generations Energy Ltd.

Senior Unsecured Regular Bond/Debenture May 15, 2020, Upgraded to
a range of LGD4, 58 % from a range of LGD4, 62 %

Outlook Actions:

Issuer: Seven Generations Energy Ltd.

Outlook, Remains Stable

Affirmations:

Issuer: Seven Generations Energy Ltd.

Probability of Default Rating, Affirmed B3-PD

Speculative Grade Liquidity Rating, Affirmed SGL-3

Corporate Family Rating, Affirmed B3

Senior Unsecured Regular Bond/Debenture May 15, 2020, Affirmed
Caa1

The B3 CFR reflects 7G's small scale in terms of proved developed
reserves and production, with assets concentrated in a single
field. The rating also considers the company's limited development
and operating history, prospective nature of its production
growth, and high decline rates that require a large capex program
to offset. The rating favorably recognizes the company's
significant total proved reserves base, advanced development plans
and our expectation that its liquids production, specifically
condensate, will allow cash flows to grow to levels supportive of
the rating through 2014.

7G's SGL-3 rating reflects its adequate liquidity through March
31, 2015. Pro forma for the December 2013 equity issuance and
January 2014 notes issuance, 7G will have about CAD770 million of
cash at September 30, 2013, and a fully available CAD150 million
borrowing base revolving credit facility (April 2016 maturity).
From September 30, 2013 to March 31, 2015, we expect negative free
cash flow of about CAD850 million, after capital expenditures of
CAD1.2 billion, which will be funded from cash and revolver draws.
There are no debt maturities until 2020. Alternate liquidity is
limited given that substantially all of the company's assets are
pledged under the borrowing base revolver.

In accordance with Moody's Loss Given Default methodology, the
$700 million senior unsecured notes are rated one notch below the
B3 CFR because of the existence of the prior-ranking CAD150
million secured revolver.

The stable outlook reflects our expectation that the company will
maintain adequate liquidity as it grows its liquids production
over the next 12 to 18 months.

The rating could be upgraded if production can be sustained above
25,000 boe/d, while maintaining retained cash flow to debt above
30%.

The rating could be downgraded if E&P debt to production appears
likely to remain above $50,000/boe, retained cash flow to debt
falls below 20%, or if liquidity weakens.

The principal methodology used in this rating was the Global
Independent Exploration and Production Industry published in
December 2011. Other methodologies used include Loss Given Default
for Speculative-Grade Non-Financial Companies in the U.S., Canada
and EMEA published in June 2009.

Seven Generations Energy Ltd. is a privately-owned, Calgary,
Alberta-based exploration and production company with
approximately 12 million and 100 million barrels of equivalent oil
(boe) of net proved developed and total proved reserves,
respectively, and average daily production of 17,000 boe/d for the
first week of January 2014.


SILVERADO STREET: Files for Chapter 11 in San Diego
---------------------------------------------------
Silverado Street, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Cal. Case No. 14-00574) on Jan. 30, 2014, in San
Diego, California.

The company said in its schedules that it has $22 million to
$47 million in total assets and $11 million in liabilities in
total liabilities.

The company's property -- Lots 18 and 19 in Block 74 of Villa
Tract, La Jolla Park, in San Diego County -- is valued at $12
million and secures debt in the aggregate amount of $11 million
owed to Chase Mortgage, FHR Realty Advisors and Georgiou Trust.
The company also claims to have mineral rights and oil leases
valued at $2 million.  The company's remaining asset is on account
of notes/deeds of trust judgments that the Debtor estimates to be
valued at $10 million to
$35 million.

Based on the statement of financial affairs, the company didn't
generate any operating income during the past two years.

The Debtor tapped attorneys at Golmore, Wood, Vinnard & Magness,
in Fresno, for the bankruptcy filing.

According to the docket, the company's balance sheet, statement of
operations, cash flow statement and federal income tax return are
due Feb. 13, 2014.

The petition was signed by the company's managing member, Amir
Aljassim.


SOUTHERN FILM: Disclosure Statement Hearing Set for Feb. 11
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of North
Carolina will convene a hearing on Feb. 11, 2014, at 9:30 a.m., to
consider the adequacy of the disclosure statement explaining
Southern Film Extruders, Inc.'s Plan.

                        About Southern Film

Southern Film Extruders, Inc., is the business of developing and
manufacturing specialized film used in packaging various products.
It has two plants in High Point, North Carolina.

On July 25, 2013, an involuntary Chapter 7 petition was filed
against Southern Film.  In response thereto, Southern Film filed a
Chapter 11 petition (Bankr. M.D.N.C. Case No. 13-11026) on Aug. 4,
2013.

The Debtor experienced severe cash flow issues as a result of the
loss of its largest customer prompted the bankruptcy filing.

John L. Barnes, Jr., signed the Chapter 11 petition as vice
president.  The Debtor estimated assets of at least $10 million
and debts of at least $1 million.  Charles M. Ivey, III, Esq., at
Ivey, McClellan, Gatton, & Talcott, LLP, represents the Debtor as
counsel.


SPC ARDMONA: Australia Rejects Aid Package for Food Processor
-------------------------------------------------------------
Rob Taylor, writing for Daily Bankruptcy Review, reported that
Australia's government refused an aid package for the country's
last remaining fruit cannery, in a signal that struggling
industries can no longer rely on taxpayer support to stay
competitive against cheap imports.

According to the report, Prime Minister Tony Abbott said his
government won't grant a 25 million Australian dollar (US$21.8
million) lifeline sought by SPC Ardmona, owned by Coca-Cola Co.'s
Australian distributor, to help offset its losses and compete with
an influx of low-cost products from overseas.


STELERA WIRELESS: Seeks to Expand American Legal's Services
-----------------------------------------------------------
Stelera Wireless LLC seeks permission from the U.S. Bankruptcy
Court for the Western District of Oklahoma to expand the services
of American Legal Claim Services, LLC as official claims and
balloting agent.

As reported in the Troubled Company Reporter, the Hon. Niles
Jackson of the U.S. Bankruptcy Court for the Western District of
Oklahoma authorized Stelera Wireless to employ American Legal as
official noticing agent retroactive to July 18, 2013.

Due to the current status of the case, the Debtor now needs
American Legal to provide it (i) computerized claims, claims
objections, and balloting database services; and (ii) expertise,
consultation, and assistance in claim and ballot processing and
other administrative information related to the Debtor's
bankruptcy case.

Consequently, the Debtor requests that the Court specifically
authorize American Legal to provide the Debtor, and be compensated
for, providing the Debtor the additional services.

                      About Stelera Wireless

Stelera Wireless, LLC, filed a Chapter 11 petition (Bankr. W.D.
Okla. Case No. 13-13267) on July 18, 2013.  Tim Duffy signed the
petition as chief technology officer/manager.  Judge Niles L.
Jackson presides over the case.  The Debtor disclosed $18,005,000
in assets and $30,809,314 in liabilities as of the Chapter 11
filing.  Christensen Law Group, PLLC, serves as the Debtor's
primary counsel.  Mulinix Ogden Hall & Ludlam, PLLC, serves as
additional bankruptcy counsel.

U.S. Trustee Richard A. Wieland appointed three members to the
official committee of unsecured creditors.


TECHPRECISION CORP: Has Forbearance with Lender Until March 31
--------------------------------------------------------------
TechPrecision Corporation and its wholly owned subsidiary, Ranor,
Inc., entered into a forbearance and modification agreement with
Santander Bank, N.A. (formerly Sovereign Bank) in connection with
the Loan and Security Agreement, dated as of Feb. 24, 2006,
between Ranor, Inc., and Sovereign Bank, as supplemented and
amended.  Under the Forbearance Agreement, the Bank has agreed to
forbear from exercising certain of its rights and remedies arising
as a result of the Company's non-compliance with certain financial
covenants under the Loan Agreements until March 31, 2014.

The Loan Agreement consists of a secured term loan of $4 million,
a revolving line of credit of $2 million and a capital expenditure
line of credit facility of $3 million.  Additionally, in
connection with the $6.2 million tax exempt bond financing with
the Massachusetts Development Finance Authority in December 2010,
the MDFA sold to the Bank MDFA Revenue Bonds, Ranor Issue, Series
2010A in the original aggregate principal amount of $4.25 million
and MDFA Revenue Bonds, Ranor Issue, Series 2010B in the original
aggregate principal amount of $1.95 million, the proceeds of which
were loaned to the Company under the terms of a Mortgage Loan and
Security Agreement, dated as of Dec. 1, 2010, by and among the
Company, MDFA and the Bank (as Bond owner and Disbursing Agent).
The $4.0 million secured term loan matured with final payment made
on March 1, 2013, and the revolving credit line expired on
July 31, 2013, and was not renewed by the Bank.  At Jan. 16, 2014,
the outstanding balances on the capital expenditure line of credit
facility, Series A Bonds and Series B Bonds were $394,329,
$3,612,500 and $1,114,285, respectively.

In consideration for the granting of the Forbearance Agreement,
the Obligors agreed to: (i) have paid in full all interest and
fees accrued under the Loan Agreement and other related documents
through Dec. 31, 2013; (ii) reimburse the Bank for appraisal costs
in the amount of $11,240; (iii) an increase in the interest rate
of 2 percent for the Series A Bonds and the Series B Bonds to 5.6
percent and 6 percent, respectively, during the Forbearance
Period; (iv) the application of $394,329 and $445,671 of the
Company's restricted cash collateral deposit of $840,000 to pay
off certain obligations under the Loan Agreement and the Series B
Bonds respectively and (v) pay a forbearance fee of 3 percent of
the net outstanding balance due from the Obligors to the Bank,
which amounts to $128,433 due in installments during the
Forbearance Period.

"With this agreement in place, we accelerate our effort to secure
a new financing agreement supporting TechPrecision's future,"
commented Len Anthony, TechPrecision's executive chairman.  "The
Company is currently in active discussions with several potential
financing sources, and we are optimistic we can secure new
financing before the expiration of this forbearance agreement.  We
appreciate the bank's patience and continuing support during this
transition period."

A copy of the Forbearance Modification Agreement is available for
free at http://is.gd/SnN4Au

                        About TechPrecision

TechPrecision Corporation (OTC BB: TPCSE), through its wholly
owned subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical
Components Co., Ltd., globally manufactures large-scale, metal
fabricated and machined precision components and equipment.

Loss from operations was $1.6 million in fiscal 2013 compared to
an operating loss of $3.4 million in fiscal 2012.  The Company's
balance sheet at Sept. 30, 2013, showed $18.56 million in total
assets, $10.37 million in total liabilities and $8.18 million in
total stockholders' equity.

In their report on the consolidated financial statements for the
year ended march 31, 2013, KPMG LLP, in Philadelphia, Pa., said
that the Company was not in compliance with the fixed charges and
interest coverage financial covenants under their credit facility,
and the Bank has not agreed to waive the non-compliance with the
covenants.  "Since the Company is in default, the Bank has the
right to accelerate payment of the debt in full upon 60 days
written notice.  The Company has suffered recurring losses from
operations, and the Company's liquidity may not be sufficient to
meet its debt service requirements as they come due over the next
twelve months.  These circumstances raise substantial doubt about
the Company's ability to continue as a going concern."


THERAPEUTICSMD INC: Registers 12 Million Shares for Resale
----------------------------------------------------------
TherapeuticsMD, Inc., filed a Form S-3 registration statement with
the U.S. Securities and Exchange Commission relating to the sale
by certain of the Company's stockholders of up to 12,000,000
shares of the Company's common stock, par value $0.001 per share.

These securities may be sold at fixed prices, prevailing market
prices at the times of sale, prices related to the prevailing
market prices, varying prices determined at the times of sale, or
negotiated prices.

The Company is not selling any common stock under this prospectus
and will not receive any of the proceeds from the sale of the
securities sold by the selling stockholders.

The Company's common stock is listed on the NYSE MKT under the
symbol "TXMD."  On Jan. 23, 2014, the closing price of the
Company's common stock as quoted on the NYSE MKT was $5.89 per
share.

A copy of the Form S-3 registration statement is available at:

                        http://is.gd/p8omeW

                        About TherapeuticsMD

Boca Raton, Florida-based TherapeuticsMD, Inc. (OTC QB: TXMD) is a
women's healthcare product company focused on creating and
commercializing products targeted exclusively for women.  The
Company currently manufactures and distributes branded and generic
prescription prenatal vitamins as well as over-the-counter
vitamins and cosmetics.  The Company is currently focused on
conducting the clinical trials necessary for regulatory approval
and commercialization of advanced hormone therapy pharmaceutical
products designed to alleviate the symptoms of and reduce the
health risks resulting from menopause-related hormone
deficiencies.

In the auditors' report accompanying the consolidated financial
statements for the year ended Dec. 31, 2012, Rosenberg Rich Baker
Berman & Company, in Somerset, New Jersey, expressed substantial
doubt about TherapeuticsMD's ability to continue as a going
concern, citing the Company's loss from operations of
approximately $16 million and negative cash flow from operations
of approximately $13 million.

The Company reported a net loss of $35.1 million on $3.8 million
of revenues in 2012, compared with a net loss of $12.9 million on
$2.1 million of revenues in 2011.  The Company's balance sheet at
Sept. 30, 2013, showed $68.47 million in total assets, $6.39
million in total liabilities and $62.08 million in total
stockholders' equity.


TLO LLC: Feb. 11 Hearing Set for Triax's Bid to Amend Sale Order
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida
will convene a hearing on Feb. 11, 2014, at 1:00 p.m., to consider
Triax Data, Inc.'s motion to reconsider the order authorizing TLO
LLC to sell its assets.

As previously reported by The Troubled Company Reporter, Triax
argued that the Court must reconsider the sale order because,
among other things:

   1. the Debtor provided inadequate notice with respect to
      the Triax notice of assumption and cure;

   2. the Debtor was aware of the proof of claim Triax filed
      for an unsecured claim in the amount of $1,100,000; and

   3. the determination and payment of a cure amount greater
      than $0 would not adversely impact the Debtor.

TransUnion on Dec. 16 disclosed it has completed the acquisition
of TLO.  On Nov. 22, the U.S. Bankruptcy Court named TransUnion's
offer of $154 million in cash as the winning bid in the court-
managed auction of TLO.

                           About TLO LLC

TLO LLC, a provider of risk-mitigation services, filed a petition
for Chapter 11 reorganization (Bankr. S.D. Fla. Case No.
13-bk20853) on May 9, 2013, in West Palm Beach, Florida, near the
company's headquarters in Boca Raton.  The petition was signed by
E. Desiree Asher as CEO.

Judge Paul G. Hyman, Jr., presides over the case.  Robert C. Furr,
Esq., and Alvin S. Goldstein, Esq., at Furr & Cohen, serve as the
Debtor's counsel.  Bayshore Partners, LLC is the Debtor's
investment banker.  Thomas Santoro and GlassRatner Advisory &
Capital Group, LLC are the Debtor's financial advisors.

Paul J. Battista, Esq., and Mariaelena Gayo-Guitian, Esq., at
Genovese, Joblove & Battista, P.A., represent the Official
Committee of Unsecured Creditors as counsel.

The Debtor disclosed assets of $46.6 million and liabilities of
$109.9 million, including $93.4 million in secured claims.  The
principal lender is Technology Investors Inc., owed $89 million.
TII is owned by the estate of Hank Asher, the company's primary
owner who died this year.  There is $4.6 million secured by
computer equipment.


TRANS ENERGY: Reports Record Well Results in W.Va. Counties
-----------------------------------------------------------
Trans Energy, Inc., announced 30 and 60-Day initial production
(IP) results on the Freeland #2H in Marion County, West Virginia.
The 30-day IP rate standardized for 1,000 feet of lateral set a
new company record, despite being choked back.  Trans Energy
further announced 30, 60 and 90-Day IP rates per 1,000 feet of
lateral on the Martinez #1H in Marshall County, West Virginia.
This well set a new 30-day company record for standardized
production after the first 60 days, despite also being choked
back.

John G. Corp, president of Trans Energy, said, "Despite pipeline
imposed constraints, the 30-day IP rates standardized for 1,000
feet of lateral once again came in at record levels, this time in
Marion County.  We believe that these results confirm our
expectations that Marion County could exceed the already high
rates of return we are seeing in Marshall and Wetzel Counties.
The Freeland #2H may be our best well to date, and the Martinez
#1H is arguably our best well yet in Marshall County.  Our
continued success demonstrates that we have a both an exceptional
acreage position and a top-notch operational team."

30-Day Production Rate Standardized for 1,000 Feet of Lateral in
Marion County Sets New Company Record

The 30-day IP rate for the Freeland #2H was 9,182 Mcfe/d and the
well has an effective lateral length of 4,182 feet.  After
standardizing the flow rate to a 1,000 foot lateral, the initial
30-day production rate from the Freeland #2H was 2,196 Mcfe/d.
This standardized production rate for the Freeland #2H set a new
company record.

These results occurred in spite of the fact that the well's flow
rate was curtailed due to limitations imposed by the meter at the
pipeline interconnect.  In fact, the average daily rate for the
second 30 days of production (days 31-60) on the Freeland #2H was
higher than the average of the first 30 days of production.
Moreover, when it was choked back further to allow the adjacent
Freeland #1H to turn into sales, the well was producing at a 4-day
average of 10,241 Mcfe/d, which represents a rate above the
average for the first 60 days.

The horizontal wellbore was completed parallel to the Freeland #1H
and both wells were hydraulically stimulated using substantially
the same technique that the company used in the Company's recent
completions in Wetzel and Marshall Counties.

30-Day Standardized Production Rate (Days 61-90) Sets Company
Record in Marshall County

The Martinez #1H was also choked back due to constraints imposed
at the pipeline interconnect, in this case by the dehydration unit
placed on site by the pipeline operator.  Despite this limitation,
the well has produced approximately 6,096 Mcfe/d over the first 90
days.  When standardized to a 1,000 foot lateral length, for each
of the first three 30-day periods (days 1-30, 31-60 and 61-90),
the Martinez #1H delivered average 30-day IP rates of 1,594
Mcfe/d, 1,587 Mcfe/d and 1,508 Mcfe/d, respectively.  The
standardized production rate for the Martinez #1H for days 61-90
represents the highest standardized production rate for any of the
Company's wells during a comparable period.

The effective lateral length was 3,900 feet and the total 30-day
IP rate was 6,217 Mcfe/d.  The horizontal wellbore was not
completed parallel to any directly adjacent horizontal wellbores,
but was hydraulically stimulated using substantially the same
technique that the company used in its other recent completions.

Mr. Corp commented, "Despite being choked back, and without the
potential benefit from having another well fracked only 500 feet
away, this well continues to deliver very strong results.  The
Martinez #1H set a new company record for standardized production
rates beyond 60 days.  It further confirms that we can deliver
consistently high rates of return across our entire three county
acreage position."

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

                         http://is.gd/gkgilI

                         About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its
operations are presently focused in the State of West Virginia.

Trans Energy incurred a net loss of $21.20 million in 2012 as
compared with net income of $8.92 million in 2011.

The Company's balance sheet at Sept. 30, 2013, showed $83.06
million in total assets, $85.46 million in total liabilities and a
$2.40 million total stockholders' deficit.


TRONOX INC: Anadarko Petroleum Swings to Loss on Legal Charges
--------------------------------------------------------------
Tess Stynes, writing for The Wall Street Journal, reported that
Anadarko Petroleum Corp. swung to a fourth-quarter loss on
contingent losses linked to a legal dispute related to the
company's 2006 acquisition of Kerr-McGee.

According to the report, the lawsuit, filed in 2009, concerns
Anadarko's acquisition of the oil and gas producer for $16.4
billion. The deal came a short time after Kerr-McGee rid itself of
liabilities from its chemicals business, which eventually was spun
off into a new company called Tronox.

Tronox's creditors, joined by the U.S. government, claimed that
Tronox's former parents saddled Tronox with massive environmental
liabilities as part of a 2006 spinoff, setting the chemical
company on a path to bankruptcy, the report related.

Anadarko said last month that it should have to pay no more than
$1.76 billion in damages to Tronox creditors, not up to $14.5
billion as a judge had ruled, the report further related.  In a
U.S. bankruptcy court filing, Anadarko had challenged parts of a
decision made by Judge Allan L. Gropper, who found Anadarko liable
for between $5 billion and $14.5 billion. Anadarko on Feb. 3
reiterated that it strongly disagrees with the court's opinion.

Anadarko Petroleum reported a loss of $770 million, or $1.53 a
share, compared with year-earlier earnings of $203 million, or 40
cents a share, the report said.  Excluding derivatives impacts,
Tronox-related contingent loss and other items, adjusted earnings
fell to 74 cents from 91 cents. Revenue decreased 2.1% to $3.34
billion.

                       About Tronox Inc.

Tronox Inc., aka New-Co Chemical, Inc., and 14 other affiliates
filed for Chapter 11 protection (Bankr. S.D.N.Y. Case No.
09-10156) on Jan. 13, 2009, before Hon. Allan L. Gropper.  Richard
M. Cieri, Esq., Jonathan S. Henes, Esq., and Colin M. Adams, Esq.,
at Kirkland & Ellis LLP in New York, represented the Debtors.  The
Debtors also tapped Togut, Segal & Segal LLP as conflicts counsel;
Rothschild Inc. as investment bankers; Alvarez & Marsal North
America LLC, as restructuring consultants; and Kurtzman Carson
Consultants served as notice and claims agent.

An official committee of unsecured creditors and an official
committee of equity security holders were appointed in the cases.
The Creditors Committee retained Paul, Weiss, Rifkind, Wharton &
Garrison LLP as counsel.

Until Sept. 30, 2008, Tronox was publicly traded on the New
York Stock Exchange under the symbols TRX and TRX.B.  Since then,
Tronox has traded on the Over the Counter Bulletin Board under the
symbols TROX.A.PK and TROX.B.PK.  As of Dec. 31, 2008, Tronox
had 19,107,367 outstanding shares of class A common stock and
22,889,431 outstanding shares of class B common stock.

On Nov. 17, 2010, the Bankruptcy Court confirmed the Debtors'
First Amended Joint Plan of Reorganization under Chapter 11 of the
Bankruptcy Code, dated Nov. 5, 2010.  Under the Plan, Tronox
reorganized around its existing operating businesses, including
its facilities at Oklahoma City, Oklahoma; Hamilton, Mississippi;
Henderson, Nevada; Botlek, The Netherlands and Kwinana, Australia.


TRYALL OMEGA: Files Bankruptcy to Avoid Foreclosure
---------------------------------------------------
Houston, Texas-based Tryall Omega, Inc., filed for Chapter 11
bankruptcy protection (Bankr. S.D. Tex. Case No. 14-30317) on
Jan. 10, 2014, to stave off a foreclosure sale.

The Hon. David R. Jones oversees the Chapter 11 proceedings.  The
Law Offices of Matthew Hoffman, Esq., serves as the Debtor's
counsel.

In its petition, Tryall Omega estimated $1 million to $10 million
in assets and $100,000 to $500,000 in liabilities.  The petition
was signed by Robert Hynds, president.

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

Gulf Coast Mineral, LLC, scheduled a public auction of Tryall
Omega's assets for Jan. 13, 2014 at 12 p.m. on the steps of the
Covington County Courthouse, in Alabama.

To secure a loan, Tryall Omega pledged to Gulf Coast Mineral its
interest in these Wells:

     1) Smak-Dixon 31-6 #1 Well (API No. 01-039-20028-00-00)
     2) Smak-Dixon 31-7 #1 Well (API No. 01-039-20035-00-00)
     3) Smak-Dixon 31-10 #1 Well (API No. 01-039-20031-00-00)
     4) Smak-Dixon 31-11 #1 Well (API No. 01-039-20030-00-00)
     5) Smak-Dixon 31-10 SWD #1 (API No. 01-039-20038-00-00)

The plege is subject to a Joint Operating Agreement dated June 26,
2008, by and between, Gulf Coast Mineral as operator and MARC, et
al, as non-operators, and subject to a Participation Agreement
dated Oct. 23, 2009, by and between Gulf Coast Mineral, LLC, whose
address is 136 Cove Ave., Gulf Shores, AL 36547 and Westrock or
Nominee Land Corp., whose address is 5050 Quorum Dr., Suite 700,
Dallas, TX 75254.

Gulf Coast Mineral had reserved the right to credit bid at the
auction.

The sale was to be conducted by:

     Max Cassady
     CASSADY & CASSADY, PC
     201 Rural Street
     Evergreen, Alabama 36401
     Telephone: 251-578-5252

Cassady & Cassady, PC, serves as attorney for Gulf Coast Mineral.


UNITEK GLOBAL: John Randall Stake at 9% as of Dec. 31
-----------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, John Randall Waterfield disclosed that as of
Dec. 31, 2013, they beneficially owned 1,703,266 shares of common
stock of UniTek Global Services, Inc., representing 9 percent of
the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/rRYyUY

                   About UniTek Global Services

UniTek Global Services, Inc., based in Blue Bell, Pennsylvania,
provides fulfillment and infrastructure services to media and
telecommunication companies in the United States and Canada.

Unitek incurred a net loss of $77.73 million in 2012, as compared
with a net loss of $9.13 million in 2011.  The Company's balance
sheet at Sept. 28, 2013, showed $325.58 million in total assets,
$289.17 million in total liabilities and $36.41 million in total
stockholders' equity.

                         Bankruptcy Warning

As of Dec. 31, 2012, the Company's total indebtedness, including
capital lease obligations, was approximately $170 million.  This
amount has increased to approximately $210 million as of Aug. 9,
2013, including amounts borrowed to cash collateralize letters of
credit.  The Company's current debt also bears interest at rates
significantly higher than historical periods.  The Company said
its substantial indebtedness could have important consequences to
its stockholders.  It will require the Company to dedicate a
substantial portion of its cash flow from operations to payments
on its indebtedness, thereby reducing the availability of the
Company's cash flow to fund acquisitions, working capital, capital
expenditures and other general corporate purposes.

"An event of default under either of our credit facilities could
result in, among other things, the acceleration and demand for
payment of all the principal and interest due and the foreclosure
on the collateral.  As a result of such a default or action
against collateral, we could be forced to enter into bankruptcy
proceedings, which may result in a partial or complete loss of
your investment," the Company said in the 2012 annual report.

                           *     *     *

In the June 11, 2013, edition of the TCR, Moody's Investors
Service lowered UniTek Global Services, Inc.'s probability of
default and corporate family ratings to Ca-PD/LD and Ca,
respectively.  The Ca corporate family rating reflects UniTek's
missed interest payment on the term loan which is considered a
default under Moody's definition, the heightened possibility of
another default event, continued delays in the filing of restated
financials including the last two audits, management turnover, the
potential loss of the company's largest customer and other
business and legal risks stemming from issues at the company's
Pinnacle subsidiary.

As reported by the TCR on Oct. 17, 2013, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Blue Bell,
Pa.-based UniTek Global Services Inc. to 'B-' from 'CCC'.  "The
ratings upgrade to 'B-' reflects our belief that the company
is no longer vulnerable and dependent on favorable developments to
meet its financial commitments over the next few years," said
Standard & Poor's credit analyst Michael Weinstein.


VISTEON CORP: S&P Alters Outlook to Positive on Proposed JCI Deal
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it revised its rating
outlook on Visteon Corp. to positive from stable.  At the same
time, S&P affirmed its ratings on the company, including the 'B+'
corporate credit rating.

"The outlook revision reflects our view that Visteon is moving
toward improved transparency of its balance sheet structure, a
focused product portfolio, strong market position, and a
potentially less aggressive financial policy," said Standard &
Poor's credit analyst Nancy Messer.

S&P believes that Visteon's recently announced proposed
acquisition of Johnson Controls Inc.'s (JCI's) electronics
business, which is consistent with its stated business strategy,
should further its creation of a more competitive product
portfolio.  Combined with the JCI assets, Visteon expects that its
existing cockpit electronics business will have a No. 2 global
market position.  The company expects the proposed acquisition to
close in second-quarter 2014.

Still, execution risk arises from the merger of the new business
into Visteon's existing electronics segment because, in recent
years, the company has focused on divestiture rather than
acquisitions.  Visteon estimates that the annual cost savings from
the integration of the JCI assets with its existing electronics
business will reach $40 million by 2017.  The company expects the
electronics business' added scale and scope to boost margins over
the long term and solidify its position in the global electronics
market.

The positive outlook reflects the potential for an upgrade during
the next 12 months, which could occur if S&P revises its
assessment of Visteon's business risk profile because of the
recent and continuing transactions management has undertaken.  An
upgrade also could occur if S&P revises its financial risk profile
assessment as a result of management maintaining good credit
measures and S&P's expectation that the company will produce
higher, consistently positive, free operating cash flow.

"We may raise the rating on Visteon if we expect that FOCF to
total debt will improve to 15% or better and debt leverage will
remain near 3x or lower, and if we believe the company's financial
policy is consistent with maintaining these levels.  This would
allow us to raise the financial profile assessment to
"significant" from "aggressive" and consider a corporate credit
rating of 'BB-'.  We could also raise the rating if we believe the
company could sustain an improvement in its competitive position
as a result of recent asset transactions.  This would allow us to
raise the business risk assessment to "fair" from "weak."  For an
upgrade, we would expect to see a track record of performance
signaling successful execution of the integration of assets,
products, and procedures," S&P said.

S&P may revise the rating outlook to stable if it concludes that
the company cannot sustain debt leverage near 3x or better and
FOCF to total debt near 15% or higher.  S&P could also revise the
outlook to stable if it believes the company cannot sustainably
improve its competitive position as a result of recent asset
transactions.


VISUALANT INC: Marathon Stake at 5.7% as of Dec. 31
---------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Marathon Capital Management, LLC, disclosed
that as of Dec. 31, 2013, it beneficially owned 9,432,000 shares
of common stock of Visualant Incorporated representing 5.7 percent
of the shares outstanding.  Marathon Capital previously held
5,124,000 common shares or 5.5 percent equity stake as of Dec. 31,
2012.  A copy of the regulatory filing is available for free at:

                        http://is.gd/0sTNw0

                        About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant incurred a net loss of $6.60 million for the year ended
Sept. 30, 2013, as compared with a net loss of $2.72 million for
the year ended Sept. 30, 2012.  As of Sept. 30, 2013, the Company
had $4.62 million in total assets, $7.38 million in total
liabilities, a $2.80 million total stockholders' deficit, and
$49,070 in noncontrolling interest.

PMB Helin Donovan, LLP, in Seattle, Washington, 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 sustained a net loss from operations and has
an accumulated deficit since inception.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


VISUALANT INC: Amends Fiscal 2013 Annual Report
-----------------------------------------------
Visualant, Inc., filed an amended annual report on Form 10-K/A for
the fiscal year ended Sept. 30, 2013, to include a revised Part I
and III disclosures related to a warrant and changes in the ages
of two directors.  There were no other changes to the Form 10K
that was filed with the SEC on Jan. 13, 2014.  A copy of the
Amended Annual Report is available for free at http://is.gd/jevwn1

                 Amends 162.1MM Shares Prospectus

The Company filed a post-effective amendment to its registration
statement on Form S-1 covering the resale of up to 162,130,000
shares of the Company's common stock, $.001 par value per share,
including:

   (i) 52,300,000 shares of common stock issued to Special
       Situations and forty other accredited investors pursuant to
       the Private Placement which closed June 14, 2013;

  (ii) 52,300,000 shares of common stock issuable upon the
       exercise of the five-year Series A Warrants at $0.15 per
       share, which were issued to the investors as part of the
       above-referenced Private Placement;

(iii) 52,300,000 shares of common stock issuable upon the
       exercise of five year Series B Warrants at $0.20 per share,
       which were issued to the investors as part of the above-
       referenced Private Placement; and

  (iv) 5,230,000 shares of common stock issuable upon the exercise
       of five year Placement Agent Warrants at $0.10 per share,
       which were issued to GVC Capital LLC or affiliated parties
       pursuant to the above-referenced Private Placement.

The Company will not receive any of the proceeds from the sale of
the common stock by the selling security holders.

The Company's common stock trades on the OTCQB under the symbol
VSUL.  On Jan. 21, 2014 , the last reported sale price for the
Company's common stock as reported on OTCQB was $0.07 per share.

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

                        http://is.gd/ppwNur

                       About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant incurred a net loss of $6.60 million for the year ended
Sept. 30, 2013, as compared with a net loss of $2.72 million for
the year ended Sept. 30, 2012.  As of Sept. 30, 2013, the Company
had $4.62 million in total assets, $7.38 million in total
liabilities, a $2.80 million total stockholders' deficit, and
$49,070 in noncontrolling interest.

PMB Helin Donovan, LLP, in Seattle, Washington, 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 sustained a net loss from operations and has
an accumulated deficit since inception.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


WASFI A. MAKAR: Chapter 7 Trustee to Destroy Medical Records
------------------------------------------------------------
Richard B. Webber II, the Chapter 7 Trustee of Wasfi A. Makar PA,
MD - d/b/a American Cancer Treatment Center, has taken possession
of patient records of Dr. Makar from his two office locations at:

     -- 845 Century Medical Drive, Titusville, FL 32796; and
     -- 211 Coral Sands Drive, Rockledge, FL 32955.

Prior patients of Dr. Makar who wishes to retrieve their medical
records, may contact Renee Schohl at (407)425-7010.

Pursuant to 11 USC 351 the patient records will be destroyed 365
days from the date of the notice, Jan. 28, 2014, if not claimed.

Wasfi A. Makar PA, MD, is a debtor in a Chapter 7 case, No. 6:12-
bk-05979-KSJ, Bankr. M.D. Fla., in Orlando.


WCS LENDING: Claims Bar Date Set for April 17
---------------------------------------------
A Petition commencing an Assignment for the Benefit of Creditors
pursuant to Chapter 727 of theFlorida Statutes, made by the
Assignor, WCS Lending, LLC, with its principal place of business
at 951 Yamato Road, Suite 150, Boca Raton, Florida 33431, to the
Assignee, Philip J. Von Kahle, at 3613 N. 29th Avenue, Hollywood,
Florida 33020, was filed on or about Dec. 18, 2013.

To receive any dividend in the proceeding, creditors and other
interested parties must file a proof of claim with the Assignee or
his counsel on or before April 17, 2014.

The case is, WCS LENDING, LLC, Assignor, To: PHILIP J. VON KAHLE,
Assignee, pending before the Circuit Court of the Fifteenth
Judicial Circuit in and for Palm Beach County, Florida, Case No.
502013CA018475-XXXXMB AO


WESCO AIRCRAFT: S&P Puts 'BB-' CCR on CreditWatch Negative
----------------------------------------------------------
Standard & Poor's Ratings Services said that it placed its 'BB-'
corporate credit rating on Wesco Aircraft Holdings Inc. on
CreditWatch with negative implications.

The CreditWatch placement follows Wesco's announcement that it
plans to buy Hass Group International Inc. for $550 million. Hass
Group is a Pennsylvania-based provider of chemical management,
product distribution, supply chain management, and hazardous
communication services.  Wesco plans to finance the transaction
with a new $525 million term loan B and cash on hand.  The company
will add the new term loan to its existing $825 million credit
facility, which includes a $200 million revolver and $625 million
term loan A.  The transaction is expected to close by first-
quarter 2014.  "We believe the acquisition will result in pro
forma debt to EBITDA increasing significantly from 2.6x as of the
12 months ending Sept. 30, 2013," said Standard & Poor's credit
analyst Tatiana Kleiman.

S&P plans to resolve the CreditWatch following discussions with
management regarding the strategic rationale for the acquisition
and its plans for reducing debt.  S&P will likely lower the rating
if it assess the overall financial risk profile as "highly
leveraged," compared to S&P's current assessment of "aggressive."


WHEATLAND MARKETPLACE: Has Until April 30 to File Ch. 11 Plan
-------------------------------------------------------------
Wheatland Marketplace, LLC, is given until April 30, 2014, to file
a Chapter 11 Plan.  A status hearing will be held on May 13, at
10:30 AM.

Wheatland Marketplace, LLC, owner of a commercial retail center in
Naperville, Illinois, filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ill. Case No. 13-46492) in Chicago on Dec. 3, 2013.
The Debtor has tapped Thomas W. Toolis, Esq., at Jahnke, Sullivan
& Toolis, LLC, in Frankfurt, Illinois, as counsel.  Coleen J.
Lehman Trust and Lucy Koroluk each holds a 50% membership interest
in the Debtor.


WOLF CREEK: Condo Unit to Be Sold at Feb. 11 Foreclosure Sale
-------------------------------------------------------------
Wolf Creek Industries, Inc., has been declared in default under a
1999 mortgage with Peoples First Community Bank.  Hancock Bank --
successor in interest to Peoples First Community Bank, by asset
acquisition from the FDIC as receiver for Peoples First Community
Bank, the holder of the Mortgage -- will sell, at public outcry to
the highest bidder for cash, in front of the main entrance to the
Courthouse in Bay Minette, Baldwin County, Alabama on Feb. 11,
2014, Unit 45 of The Commons, A Condominium, in Baldwin County,
Alabama.

Ther sale is made for the purpose of paying the debt secured by
the mortgage, as well as the expenses of foreclosure.  No
representation or warranty is made as to the physical condition of
each Unit and/or any improvements thereon.  The Unit shall be sold
on an "as is" basis, subject to any unpaid taxes, all reservations
and restrictions contained in prior deeds and all other matters of
record, including restrictive covenants, condominium declarations
and easements for road rights of way, utilities or rights of
ingress and egress.

This sale is subject to being postponed or cancelled.

Attorney for Hancock Bank is:

     Richard A. Wright , Esq.
     JONES, WALKER, LLP
     RSA Battle House Tower
     11 N. Water Street, Suite 1200
     Mobile, Alabama 36602
     Tel: (251) 439-7573


ZOGENIX INC: Clarus Lifesciences No Longer a 5% Shareholder
-----------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Clarus Lifesciences I, L.P., Clarus Ventures
I Management, L.P., Clarus Ventures I, LLC, Nicholas Galakatos,
Dennis Henner, Robert Liptak, Nicholas Simon, Michael Steinmetz
and Kurt Wheeler disclosed that they ceased to beneficially own
more than five percent of the common stock of Zogenix, Inc., as of
Jan. 8, 2014.

The reporting persons previously owned 9,482,439 common shares or
14.7 percent equity stake as of Sept. 16, 2011.  A copy of the
regulatory filing is available for free at http://is.gd/dqw31L

                         About Zogenix Inc.

Zogenix, Inc. (NASDAQ: ZGNX), with offices in San Diego and
Emeryville, California, is a pharmaceutical company
commercializing and developing products for the treatment of
central nervous system disorders and pain.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012, citing recurring losses from
operations and lack of sufficient working capital which raise
substantial doubt about the Company's ability to continue as a
going concern.

Zogenix incurred a net loss of $47.38 million in 2012, as compared
with a net loss of $83.90 million in 2011.  The Company's balance
sheet at Sept. 30, 2013, showed $54.63 million in total assets,
$68.52 million in total liabilities and a $13.88 million total
stockholders' deficit.


* NJ High Court Tackles Tolling of Liens in Bankruptcy
------------------------------------------------------
Law360 reported that New Jersey's Supreme Court accepted an appeal
from a couple who sued to cancel Citi Mortgage Inc.'s lien against
them following a bankruptcy, leading a judge to toll Citi's
yearlong period for challenging the discharge because it was
unaware of the bankruptcy.

According to the report, New Jersey's high court granted
certification to Robert and Kathleen Gaskill, who appealed a trial
court's decision to toll Citi's one-year period to exercise a lien
against two real properties they owned.


* Bankruptcy Judges Nab Class Certification in Wage Suit
--------------------------------------------------------
Law360 reported that the Court of Federal Claims on Jan. 24
granted class certification to a group of some 500 former and
current bankruptcy judges and their dependents and spouses over
claims the judges never received full compensation after Congress
failed to adjust their cost-of-living allowances.

According to the report, the court didn't buy into the
government's argument that the class wasn't numerous enough and
that disputes would be best handled on an individual basis.

"We conclude that plaintiffs have demonstrated that class
certification of an opt-in class is appropriate," the opinion
says, the report cited.


* BofA Swaps Desk Investigated by CFTC, DOJ
-------------------------------------------
Tom Schoenberg and Silla Brush, writing for Bloomberg News,
reported that Bank of America Corp.'s handling of futures trades
has been investigated by the U.S. Department of Justice and the
Commodity Futures Trading Commission, according to a regulatory
filing in June.

The report related that the probe was disclosed in a June 14
notice included in the Financial Industry Regulatory Authority
BrokerCheck report on Eric Alan Beckwith, a former employee of
Bank of America and its Merrill Lynch subsidiary. Bill Halldin, a
spokesman for Charlotte, North Carolina-based Bank of America,
declined to comment.

The U.S. Attorney's Office for the Western District of North
Carolina is examining "whether it was proper for the swaps desk to
execute futures trades prior to the desk's execution of block
future trades on behalf of counterparties," according to the
filing, which cites the bank as the source of the information, the
report said.

According to the report, authorities also are investigating
whether Beckwith "provided accurate information" for a probe into
the matter by CME Group Inc.'s Chicago Mercantile Exchange. The
CFTC is conducting a parallel investigation, according to the
filing.

Lia Bantavani, a spokeswoman for the U.S. Attorney's Office in
Charlotte, and Anita Liskey, a CME spokeswoman, both declined to
comment, the report noted.


* FSOC Critics Get Some Senate Backing
--------------------------------------
Hazel Bradford, writing for Pensions & Investments, reported that
money managers critical of Financial Stability Oversight Council
efforts to designate some of their firms as systemically important
got bipartisan support from several senators on Jan. 23.

According to the report, in a letter to Jacob Lew, FSOC chairman
and secretary of the Treasury; Sens. Mark Kirk, R-Ill.; Thomas
Carper, D-Del.; Patrick Toomey, R-Pa.; Claire McCaskill, D-Mo.;
and Jerry Moran, R-Kan.; expressed concern with a September report
by the FSOC's Office of Financial Research, which they said
"mischaracterizes the asset management industry" and includes
"misused or faulty information."

The FSOC was created by the Dodd-Frank Wall Street Reform and
Consumer Protection Act to identify and monitor excessive risks to
the U.S. financial system and come up with possible regulatory
actions, including designation of systemically important financial
institutions warranting enhanced supervision, the report related.


* January U.S. Auto Sales Chilled by Winter Weather
---------------------------------------------------
Mike Ramsey, writing for The Wall Street Journal, reported that
January's severe cold spell in the U.S. punished auto sales with
industry volume falling for the first time since September and
most major auto makers blaming the harsh weather for temporarily
depressing vehicle demand.

According to the report, industry executives said the U.S. car
market remains strong and sales should pick up as the weather
improves.

The three largest auto sellers in the U.S. by volume, General
Motors Co., Ford and Toyota Motor Corp., all posted declines for
the month compared with a year earlier, the report said.  Honda
Motor Co. and Volkswagen AG also said their namesake brands'
vehicle sales fell compared with a year earlier.

Storms that dumped record snowfall in some regions followed by
extremely cold temperatures throughout the month kept people out
of showrooms, the report related.

"There were a few days where no one outside of employees walked
through the front doors," said George Waikem II, who manages
Nissan, Kia, and Ford dealerships in Northeast Ohio, the report
cited.  "We did see a slight spike in our Web traffic, but it
didn't seem to generate into physical visits.Anyone brave enough
to visit us pretty much drove away in a new or new to them
vehicle. They obviously weren't out just kicking tires but
fulfilling a real need."


* Justice Dept. Inquiry Takes Aim at Banks' Biz w/ Payday Lenders
-----------------------------------------------------------------
Jessica Silver-Greenberg, writing for The New York Times'
DealBook, reported that federal prosecutors are trying to thwart
the easy access that predatory lenders and dubious online
merchants have to Americans' bank accounts by going after banks
that fail to meet their obligations as gatekeepers to the United
States financial system.

According to the report, the Justice Department is weighing civil
and criminal actions against dozens of banks, sending out
subpoenas to more than 50 payment processors and the banks that do
business with them, according to government officials.

In the new initiative, called "Operation Choke Point," the agency
is scrutinizing banks both big and small over whether they, in
exchange for handsome fees, enable businesses to illegally siphon
billions of dollars from consumers' checking accounts, the report
said, citing state and federal officials briefed on the
investigation.

The critical role played by banks largely plays out in the shadows
because they typically do not deal directly with the Internet
merchants, the report related.  What they do is provide banking
services to third-party payment processors, financial middlemen
that, in turn, handle payments for their merchant customers.

Yet the crackdown has already come under fire from congressional
lawmakers, including Representative Darrell Issa, the Republican
from California who heads the House Oversight Committee, who have
accused the Justice Department of trying to covertly quash the
payday lending industry, the report further related.


* More Than Half of Distressed Investors to Seek Fresh Capital
--------------------------------------------------------------
Lillian Rizzo, writing for The Wall Street Journal, reported that
more North American distressed debt managers plan to fill their
fundraising coffers this year, as they prepare for the credit
bubble to pop.

More than half -- 58% -- of financial institutions plan to raise
fresh capital in 2014, the report said, citing a North American
Distressed Debt Outlook survey put together by trade publication
Debtwire and law firm Bingham McCutchen LLP. That's up from 43% of
respondents to a similar survey last year.

According to the report, survey queried professionals from 100
private equity firms, hedge funds, institutional investors and
sell-side trading desks in November and December to give their
outlook on the distressed picture for 2014. Hedge fund managers
accounted for 40% of respondents, while the other investor types
account for 20% each.

Distressed investors seem optimistic that they can build on the
fundraising momentum they enjoyed in 2013, even as low default
rates and an abundance of cheap credit has made investing more
difficult, the report related.

Distressed debt and turnaround managers in private equity raised
$36.64 billion across 43 funds in 2013, a 35% increase from the
$27.18 billion collected by 32 funds 2012, the report further
related.  In September, GSO Capital Partners closed its second
distressed fund with total commitments of $5 billion, a 50%
increase from the firm's first capital solutions fund raised in
2010. Following two years of marketing, Cerberus Capital
Management closed its latest fund with $2.61 billion and Carlyle
Group closed its latest distressed and corporate opportunities
fund with more than $700 million of commitments.


* Senators Urge Fannie, Freddie to Aid Lower-Income Households
--------------------------------------------------------------
Margaret Chadbourn, writing for Reuters, reported that more than
30 Democrats in the U.S. Senate called on Jan. 24 for the
regulator of government-controlled Fannie Mae and Freddie Mac to
direct the companies to resume contributions for affordable
housing initiatives.

According to the report, the senators focused on two unused funds
that Congress established in 2008 to finance low-income housing
with a portion of Fannie Mae and Freddie Mac's revenue. The
Federal Housing Finance Agency, the companies' regulator,
suspended payments into the funds in November of that year, after
the government seized the companies as mortgage losses mounted.

After suffering huge losses, the companies have turned the corner
and are now seeing record profits, the report said.  The 33
lawmakers, led by Democrats Jack Reed of Rhode Island and
Elizabeth Warren of Massachusetts and independent Bernie Sanders
of Vermont, want the agency to resume contributing to the fund to
help ameliorate a shortage of affordable housing for low-income
Americans.

"The time is long overdue to lift the current suspension of
contributions, and we ask your full and fair consideration of our
request," the letter to newly installed FHFA Director Mel Watt
said, the report cited.

Fannie Mae and Freddie Mac have taken $187.5 billion in U.S. aid
since they became state wards in September 2008, the report
pointed out.  They have since paid about $185.2 billion in
dividends to the government thanks to a surge in the U.S. housing
market.


* Former TWA Pilots Settle Fight with Union for $53MM
-----------------------------------------------------
Katy Stech, writing for Daily Bankruptcy Review, reported that a
top airline pilot union has signed a deal to end its dispute with
ex- Trans World Airlines pilots who had accused the union of
poorly representing them during their integration into American
Airlines operations, which bought Trans World Airlines out of
bankruptcy in 2001.

According to the report, the Air Line Pilots Association has
agreed to pay part of a $53 million settlement reach in January
with TWA's roughly 2,300 former pilots, who had sued the union
over the seniority they got as new American Airlines pilots.


* Large Companies With Insolvent Balance Sheet
----------------------------------------------

                                            Total
                                           Share-     Total
                                 Total   Holders'   Working
                                Assets     Equity   Capital
  Company         Ticker          ($MM)      ($MM)     ($MM)
  -------         ------        ------   --------   -------
ABSOLUTE SOFTWRE  OU1 GR         129.8      (11.3)    (10.7)
ABSOLUTE SOFTWRE  ALSWF US       129.8      (11.3)    (10.7)
ABSOLUTE SOFTWRE  ABT CN         129.8      (11.3)    (10.7)
ACCELERON PHARMA  0A3 GR          48.4      (19.9)      6.2
ACCELERON PHARMA  XLRN US         48.4      (19.9)      6.2
ADVANCED EMISSIO  ADES US        106.4      (46.1)    (15.3)
ADVANCED EMISSIO  OXQ1 GR        106.4      (46.1)    (15.3)
ADVENT SOFTWARE   AXQ GR         454.9     (133.8)    (83.4)
ADVENT SOFTWARE   ADVS US        454.9     (133.8)    (83.4)
AERIE PHARMACEUT  AERI US          7.2      (22.4)    (11.0)
AIR CANADA-CL A   ADH GR       9,481.0   (3,056.0)    105.0
AIR CANADA-CL A   ADH TH       9,481.0   (3,056.0)    105.0
AIR CANADA-CL A   AC/A CN      9,481.0   (3,056.0)    105.0
AIR CANADA-CL A   AIDIF US     9,481.0   (3,056.0)    105.0
AIR CANADA-CL B   ADH1 TH      9,481.0   (3,056.0)    105.0
AIR CANADA-CL B   ADH1 GR      9,481.0   (3,056.0)    105.0
AIR CANADA-CL B   AIDEF US     9,481.0   (3,056.0)    105.0
AIR CANADA-CL B   AC/B CN      9,481.0   (3,056.0)    105.0
AK STEEL HLDG     AKS* MM      3,766.4     (211.8)    394.9
AK STEEL HLDG     AK2 GR       3,766.4     (211.8)    394.9
AK STEEL HLDG     AK2 TH       3,766.4     (211.8)    394.9
AK STEEL HLDG     AKS US       3,766.4     (211.8)    394.9
ALLIANCE HEALTHC  AIQ US         515.6     (131.4)     61.3
AMC NETWORKS-A    AMCX US      2,524.8     (611.9)    790.3
AMC NETWORKS-A    9AC GR       2,524.8     (611.9)    790.3
AMER AXLE & MFG   AYA GR       3,118.5      (46.8)    387.6
AMER AXLE & MFG   AXL US       3,118.5      (46.8)    387.6
AMER RESTAUR-LP   ICTPU US        33.5       (4.0)     (6.2)
AMERICAN AIRLINE  A1G GR      26,780.0   (7,922.0)    143.0
AMERICAN AIRLINE  A1G TH      26,780.0   (7,922.0)    143.0
AMERICAN AIRLINE  AAL* MM     26,780.0   (7,922.0)    143.0
AMERICAN AIRLINE  AAL US      26,780.0   (7,922.0)    143.0
AMR CORP          AAMRQ US    26,780.0   (7,922.0)    143.0
AMR CORP          AAMRQ* MM   26,780.0   (7,922.0)    143.0
AMR CORP          ACP GR      26,780.0   (7,922.0)    143.0
AMYLIN PHARMACEU  AMLN US      1,998.7      (42.4)    263.0
ANACOR PHARMACEU  ANAC US         44.9       (7.3)     17.0
ANACOR PHARMACEU  44A TH          44.9       (7.3)     17.0
ANACOR PHARMACEU  44A GR          44.9       (7.3)     17.0
ANGIE'S LIST INC  ANGI US        109.7      (23.0)    (24.2)
ANGIE'S LIST INC  8AL TH         109.7      (23.0)    (24.2)
ANGIE'S LIST INC  8AL GR         109.7      (23.0)    (24.2)
ARRAY BIOPHARMA   ARRY US        152.6      (13.2)     82.3
ARRAY BIOPHARMA   AR2 TH         152.6      (13.2)     82.3
ARRAY BIOPHARMA   AR2 GR         152.6      (13.2)     82.3
AUTOZONE INC      AZO US       7,023.4   (1,721.2)   (962.6)
AUTOZONE INC      AZ5 GR       7,023.4   (1,721.2)   (962.6)
AUTOZONE INC      AZ5 TH       7,023.4   (1,721.2)   (962.6)
BARRACUDA NETWOR  CUDA US        236.2      (90.1)    (66.5)
BARRACUDA NETWOR  7BM GR         236.2      (90.1)    (66.5)
BENEFITFOCUS INC  BTF GR          54.8      (43.9)     (3.6)
BENEFITFOCUS INC  BNFT US         54.8      (43.9)     (3.6)
BERRY PLASTICS G  BP0 GR       5,135.0     (196.0)    653.0
BERRY PLASTICS G  BERY US      5,135.0     (196.0)    653.0
BOSTON PIZZA R-U  BPZZF US       156.7     (108.0)     (4.2)
BOSTON PIZZA R-U  BPF-U CN       156.7     (108.0)     (4.2)
BRP INC/CA-SUB V  BRPIF US     1,875.1      (63.7)    116.5
BRP INC/CA-SUB V  B15A GR      1,875.1      (63.7)    116.5
BRP INC/CA-SUB V  DOO CN       1,875.1      (63.7)    116.5
BURLINGTON STORE  BUI GR       2,594.2     (421.3)    139.7
BURLINGTON STORE  BURL US      2,594.2     (421.3)    139.7
CABLEVISION SY-A  CVC US       6,482.1   (5,284.1)    342.2
CABLEVISION SY-A  CVY GR       6,482.1   (5,284.1)    342.2
CAESARS ENTERTAI  C08 GR      26,096.4   (1,496.8)    626.7
CAESARS ENTERTAI  CZR US      26,096.4   (1,496.8)    626.7
CANNAVEST CORP    CANV US         10.7       (0.2)     (1.3)
CAPMARK FINANCIA  CPMK US     20,085.1     (933.1)      -
CC MEDIA-A        CCMO US     15,231.2   (8,370.8)    786.9
CENTENNIAL COMM   CYCL US      1,480.9     (925.9)    (52.1)
CENVEO INC        CVO US       1,238.5     (473.0)    143.1
CHOICE HOTELS     CHH US         555.7     (484.7)     79.2
CHOICE HOTELS     CZH GR         555.7     (484.7)     79.2
CIENA CORP        CIE1 GR      1,802.8      (82.7)    780.7
CIENA CORP        CIE1 TH      1,802.8      (82.7)    780.7
CIENA CORP        CIEN US      1,802.8      (82.7)    780.7
CIENA CORP        CIEN TE      1,802.8      (82.7)    780.7
CINCINNATI BELL   CBB US       2,551.7     (687.2)   (147.2)
COROWARE INC      HT9B GR          0.3      (32.1)    (31.9)
DIRECTV           DIG1 GR     20,588.0   (6,208.0)   (300.0)
DIRECTV           DTV US      20,588.0   (6,208.0)   (300.0)
DIRECTV           DTV CI      20,588.0   (6,208.0)   (300.0)
DOMINO'S PIZZA    EZV TH         468.5   (1,322.2)     76.9
DOMINO'S PIZZA    EZV GR         468.5   (1,322.2)     76.9
DOMINO'S PIZZA    DPZ US         468.5   (1,322.2)     76.9
DUN & BRADSTREET  DB5 GR       1,849.9   (1,206.3)   (128.9)
DUN & BRADSTREET  DB5 TH       1,849.9   (1,206.3)   (128.9)
DUN & BRADSTREET  DNB US       1,849.9   (1,206.3)   (128.9)
DYAX CORP         DYAX US         70.6      (38.8)     41.0
DYAX CORP         DY8 GR          70.6      (38.8)     41.0
EASTMAN KODAK CO  KODK US      3,815.0   (3,153.0)   (785.0)
EASTMAN KODAK CO  KODN GR      3,815.0   (3,153.0)   (785.0)
EDGEN GROUP INC   EDG US         883.8       (0.8)    409.2
ENTRAVISION CO-A  EV9 GR         455.7       (5.6)     78.1
ENTRAVISION CO-A  EVC US         455.7       (5.6)     78.1
EVERYWARE GLOBAL  EVRY US        356.6      (53.9)    142.5
FAIRPOINT COMMUN  FRP US       1,592.6     (406.7)     30.0
FERRELLGAS-LP     FGP US       1,441.3     (134.9)    (55.6)
FERRELLGAS-LP     FEG GR       1,441.3     (134.9)    (55.6)
FIFTH & PACIFIC   FNP US         957.0     (220.7)    (66.9)
FIFTH & PACIFIC   LIZ GR         957.0     (220.7)    (66.9)
FOREST OIL CORP   FST US       1,909.3      (63.1)   (148.3)
FREESCALE SEMICO  FSL US       3,819.0   (4,526.0)  1,239.0
FREESCALE SEMICO  1FS TH       3,819.0   (4,526.0)  1,239.0
FREESCALE SEMICO  1FS GR       3,819.0   (4,526.0)  1,239.0
GENCORP INC       GY US        1,750.4     (142.6)    111.1
GENCORP INC       GCY TH       1,750.4     (142.6)    111.1
GENCORP INC       GCY GR       1,750.4     (142.6)    111.1
GLG PARTNERS INC  GLG US         400.0     (285.6)    156.9
GLG PARTNERS-UTS  GLG/U US       400.0     (285.6)    156.9
GLOBAL BRASS & C  6GB GR         576.5      (37.0)    286.9
GLOBAL BRASS & C  BRSS US        576.5      (37.0)    286.9
GRAHAM PACKAGING  GRM US       2,947.5     (520.8)    298.5
HALOZYME THERAPE  HALO US        110.1       (3.5)     63.2
HALOZYME THERAPE  HALOZ GR       110.1       (3.5)     63.2
HCA HOLDINGS INC  2BH GR      28,393.0   (7,044.0)  2,352.0
HCA HOLDINGS INC  2BH TH      28,393.0   (7,044.0)  2,352.0
HCA HOLDINGS INC  HCA US      28,393.0   (7,044.0)  2,352.0
HD SUPPLY HOLDIN  5HD GR       6,518.0     (698.0)  1,346.0
HD SUPPLY HOLDIN  HDS US       6,518.0     (698.0)  1,346.0
HOVNANIAN ENT-A   HOV US       1,759.1     (432.8)    956.3
HOVNANIAN ENT-A   HO3 GR       1,759.1     (432.8)    956.3
HOVNANIAN ENT-B   HOVVB US     1,759.1     (432.8)    956.3
HOVNANIAN-A-WI    HOV-W US     1,759.1     (432.8)    956.3
HUGHES TELEMATIC  HUTCU US       110.2     (101.6)   (113.8)
HUGHES TELEMATIC  HUTC US        110.2     (101.6)   (113.8)
INFOR US INC      LWSN US      6,515.2     (555.7)   (303.6)
IPCS INC          IPCS US        559.2      (33.0)     72.1
ISTA PHARMACEUTI  ISTA US        124.7      (64.8)      2.2
JUST ENERGY GROU  JE CN        1,533.5     (359.8)   (281.4)
JUST ENERGY GROU  1JE GR       1,533.5     (359.8)   (281.4)
JUST ENERGY GROU  JE US        1,533.5     (359.8)   (281.4)
L BRANDS INC      LTD GR       6,636.0     (820.0)    846.0
L BRANDS INC      LB US        6,636.0     (820.0)    846.0
L BRANDS INC      LTD TH       6,636.0     (820.0)    846.0
LDR HOLDING CORP  LDRH US         78.7       (0.6)      9.6
LEE ENTERPRISES   LEE US         989.0     (102.6)    (11.9)
LEE ENTERPRISES   LE7 GR         989.0     (102.6)    (11.9)
LORILLARD INC     LLV GR       3,555.0   (2,042.0)  1,297.0
LORILLARD INC     LLV TH       3,555.0   (2,042.0)  1,297.0
LORILLARD INC     LO US        3,555.0   (2,042.0)  1,297.0
MACROGENICS INC   M55 GR          42.0       (4.0)     11.7
MACROGENICS INC   MGNX US         42.0       (4.0)     11.7
MANNKIND CORP     NNF1 GR        287.6     (167.7)   (117.8)
MANNKIND CORP     NNF1 TH        287.6     (167.7)   (117.8)
MANNKIND CORP     MNKD US        287.6     (167.7)   (117.8)
MARRIOTT INTL-A   MAR US       6,480.0   (1,409.0)   (776.0)
MARRIOTT INTL-A   MAQ GR       6,480.0   (1,409.0)   (776.0)
MDC PARTNERS-A    MDCA US      1,365.7      (40.1)   (211.1)
MDC PARTNERS-A    MD7A GR      1,365.7      (40.1)   (211.1)
MDC PARTNERS-A    MDZ/A CN     1,365.7      (40.1)   (211.1)
MEDIA GENERAL     MEG US         749.9     (217.2)     36.8
MERITOR INC       AID1 GR      2,570.0     (822.0)    338.0
MERITOR INC       MTOR US      2,570.0     (822.0)    338.0
MERRIMACK PHARMA  MACK US        224.2      (16.6)    139.4
MERRIMACK PHARMA  MP6 GR         224.2      (16.6)    139.4
MIRATI THERAPEUT  MRTX US         18.0      (23.6)    (24.5)
MONEYGRAM INTERN  MGI US       4,923.2     (116.3)     49.2
MORGANS HOTEL GR  MHGC US        572.8     (172.9)      6.5
MORGANS HOTEL GR  M1U GR         572.8     (172.9)      6.5
MPG OFFICE TRUST  MPG US       1,280.0     (437.3)      -
NATIONAL CINEMED  XWM GR         982.5     (217.5)    139.1
NATIONAL CINEMED  NCMI US        982.5     (217.5)    139.1
NAVISTAR INTL     NAV US       8,315.0   (3,601.0)  1,198.0
NAVISTAR INTL     IHR GR       8,315.0   (3,601.0)  1,198.0
NAVISTAR INTL     IHR TH       8,315.0   (3,601.0)  1,198.0
NEKTAR THERAPEUT  NKTR US        383.0      (50.3)    127.0
NEKTAR THERAPEUT  ITH GR         383.0      (50.3)    127.0
NORCRAFT COS INC  NCFT US        265.0       (6.1)     47.7
NORCRAFT COS INC  6NC GR         265.0       (6.1)     47.7
NORTHWEST BIO     NWBO US          7.6      (14.3)     (9.7)
NYMOX PHARMACEUT  NYMX US          1.4       (6.9)     (2.7)
OCI PARTNERS LP   OP0 GR         460.3      (98.7)     79.8
OCI PARTNERS LP   OCIP US        460.3      (98.7)     79.8
OMEROS CORP       3O8 GR          12.0      (23.9)     (1.6)
OMEROS CORP       OMER US         12.0      (23.9)     (1.6)
OMTHERA PHARMACE  OMTH US         18.3       (8.5)    (12.0)
OPHTHTECH CORP    O2T GR          40.2       (7.3)     34.3
OPHTHTECH CORP    OPHT US         40.2       (7.3)     34.3
PALM INC          PALM US      1,007.2       (6.2)    141.7
PHILIP MORRIS IN  PM1CHF EU   36,795.0   (5,908.0)     (2.0)
PHILIP MORRIS IN  PM1 TE      36,795.0   (5,908.0)     (2.0)
PHILIP MORRIS IN  PM US       36,795.0   (5,908.0)     (2.0)
PHILIP MORRIS IN  PM FP       36,795.0   (5,908.0)     (2.0)
PHILIP MORRIS IN  4I1 TH      36,795.0   (5,908.0)     (2.0)
PHILIP MORRIS IN  PMI SW      36,795.0   (5,908.0)     (2.0)
PHILIP MORRIS IN  PM1EUR EU   36,795.0   (5,908.0)     (2.0)
PHILIP MORRIS IN  4I1 GR      36,795.0   (5,908.0)     (2.0)
PLAYBOY ENTERP-A  PLA/A US       165.8      (54.4)    (16.9)
PLAYBOY ENTERP-B  PLA US         165.8      (54.4)    (16.9)
PLY GEM HOLDINGS  PGEM US      1,088.3      (37.7)    212.1
PLY GEM HOLDINGS  PG6 GR       1,088.3      (37.7)    212.1
PROTALEX INC      PRTX US          1.2       (8.6)      0.6
PROTECTION ONE    PONE US        562.9      (61.8)     (7.6)
QUALITY DISTRIBU  QLTY US        465.1      (38.1)     92.3
QUINTILES TRANSN  QTS GR       2,842.0     (712.0)    382.8
QUINTILES TRANSN  Q US         2,842.0     (712.0)    382.8
RE/MAX HOLDINGS   2RM GR         252.0      (22.5)     39.1
RE/MAX HOLDINGS   RMAX US        252.0      (22.5)     39.1
REGAL ENTERTAI-A  RETA GR      2,508.3     (658.5)     54.0
REGAL ENTERTAI-A  RGC US       2,508.3     (658.5)     54.0
RENAISSANCE LEA   RLRN US         57.0      (28.2)    (31.4)
RENTPATH INC      PRM US         208.0      (91.7)      3.6
RETROPHIN INC     RTRX US         21.4       (5.8)    (10.3)
REVLON INC-A      REV US       1,259.4     (619.8)    192.4
REVLON INC-A      RVL1 GR      1,259.4     (619.8)    192.4
RINGCENTRAL IN-A  3RCA GR         60.8      (25.3)    (10.9)
RINGCENTRAL IN-A  RNG US          60.8      (25.3)    (10.9)
RITE AID CORP     RAD US       7,138.2   (2,228.8)  1,881.2
RITE AID CORP     RTA GR       7,138.2   (2,228.8)  1,881.2
RURAL/METRO CORP  RURL US        303.7      (92.1)     72.4
SALLY BEAUTY HOL  S7V GR       1,950.1     (303.5)    473.2
SALLY BEAUTY HOL  SBH US       1,950.1     (303.5)    473.2
SILVER SPRING NE  9SI GR         513.9      (88.9)     76.3
SILVER SPRING NE  SSNI US        513.9      (88.9)     76.3
SILVER SPRING NE  9SI TH         513.9      (88.9)     76.3
SUNESIS PHARMAC   SNSS US         46.6       (5.8)     11.2
SUNESIS PHARMAC   RYIN GR         46.6       (5.8)     11.2
SUNGAME CORP      SGMZ US          0.1       (2.2)     (2.3)
SUPERVALU INC     SJ1 GR       4,738.0   (1,031.0)    154.0
SUPERVALU INC     SVU US       4,738.0   (1,031.0)    154.0
SUPERVALU INC     SJ1 TH       4,738.0   (1,031.0)    154.0
TANDEM DIABETES   TNDM US         48.6       (2.8)     13.8
TANDEM DIABETES   TD5 GR          48.6       (2.8)     13.8
TAUBMAN CENTERS   TCO US       3,438.8     (211.5)      -
TAUBMAN CENTERS   TU8 GR       3,438.8     (211.5)      -
THRESHOLD PHARMA  THLD US        101.0      (17.5)     74.4
THRESHOLD PHARMA  NZW1 GR        101.0      (17.5)     74.4
TOWN SPORTS INTE  CLUB US        408.9      (40.4)     (3.9)
TOWN SPORTS INTE  T3D GR         408.9      (40.4)     (3.9)
TRANSDIGM GROUP   TDG US       6,148.9     (336.4)    998.0
TRANSDIGM GROUP   T7D GR       6,148.9     (336.4)    998.0
ULTRA PETROLEUM   UPL US       2,069.0     (376.8)   (243.9)
ULTRA PETROLEUM   UPM GR       2,069.0     (376.8)   (243.9)
UNISYS CORP       UISEUR EU    2,237.7   (1,509.9)    411.6
UNISYS CORP       UIS1 SW      2,237.7   (1,509.9)    411.6
UNISYS CORP       UISCHF EU    2,237.7   (1,509.9)    411.6
UNISYS CORP       USY1 TH      2,237.7   (1,509.9)    411.6
UNISYS CORP       USY1 GR      2,237.7   (1,509.9)    411.6
UNISYS CORP       UIS US       2,237.7   (1,509.9)    411.6
VECTOR GROUP LTD  VGR GR       1,121.0     (192.6)    316.7
VECTOR GROUP LTD  VGR US       1,121.0     (192.6)    316.7
VENOCO INC        VQ US          695.2     (258.7)    (39.2)
VERISIGN INC      VRS GR       2,330.0     (493.8)     97.7
VERISIGN INC      VRS TH       2,330.0     (493.8)     97.7
VERISIGN INC      VRSN US      2,330.0     (493.8)     97.7
VERSO PAPER CORP  VRS US       1,094.4     (409.5)     84.9
VINCE HOLDING CO  VNCE US        467.8     (179.1)      7.7
VINCE HOLDING CO  VNC GR         467.8     (179.1)      7.7
VIRGIN MOBILE-A   VM US          307.4     (244.2)   (138.3)
VISKASE COS I     VKSC US        346.7      (16.3)    106.1
WEIGHT WATCHERS   WW6 GR       1,408.2   (1,509.4)    (79.8)
WEIGHT WATCHERS   WTW US       1,408.2   (1,509.4)    (79.8)
WEST CORP         WT2 GR       3,480.7     (782.6)    349.0
WEST CORP         WSTC US      3,480.7     (782.6)    349.0
WESTMORELAND COA  WME GR         939.8     (280.3)      4.1
WESTMORELAND COA  WLB US         939.8     (280.3)      4.1
XERIUM TECHNOLOG  XRM US         626.9      (25.4)    128.4
XERIUM TECHNOLOG  TXRN GR        626.9      (25.4)    128.4
XOMA CORP         XOMA US         91.0      (13.5)     58.8
XOMA CORP         XOMA GR         91.0      (13.5)     58.8
XOMA CORP         XOMA TH         91.0      (13.5)     58.8
ZOGENIX INC       ZGNX US         54.6      (13.9)      3.1
ZOGENIX INC       Z08 TH          54.6      (13.9)      3.1




                             *********

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.


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