TCR_Public/140227.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Thursday, February 27, 2014, Vol. 18, No. 57


                            Headlines

1250 OCEANSIDE: Seeks Approval of Claims Settlement with the Shaws
AFFYMAX INC: Samuel Isaly Held Less Than 1% Stake at Dec. 31
AMERICAN AXLE: Sandra Dauch Stake at 9.6% as of Dec. 31
AMERICAN AXLE: Jana Partners Stake at 8.8% as of Dec. 31
AMERICAN MEDIA: Incurs $50.4 Million Net Loss in Dec. 31 Qtr.

AMERICAN POWER: Reports $408,600 Net Loss in Dec. 31 Quarter
ARRAY BIOPHARMA: Reports $16.4-Mil. Net Loss in Q4 Ended Dec. 31
AMERICAN SUPERCONDUCTOR: Has $8.42-Mil. Net Loss in Fourth Quarter
BEAZER HOMES: GSO Capital Stake at 6% as of Dec. 31
BEAZER HOMES: David Tepper Stake at 4.6% as of Dec. 31

BEAZER HOMES: Highbridge No Longer a 5% Shareholder
BEAZER HOMES: Brigade Capital No Longer Owns Shares
BERRY PLASTICS: Apollo Management Stake at 29% as of Dec. 31
BERRY PLASTICS: Public Stock Offering No Impact on Moody's B2 CFR
C.M. MEIERS: Calif. Appeals Court Flips Alter Ego Ruling

CARDICA INC: Posts $4.17-Mil. Net Loss for Dec. 31 Quarter
CATASYS INC: Transitions to a New Board of Directors
CEDAR RIVER DEVELOPMENT: Foreclosure Sale Moved to April 15
CHA CHA ENTERPRISES: Has Interim Authority to Tap $9.3MM DIP Loans
CHARLOTTE RUSSE: Moody's Rates Proposed $50MM Add-on Debt 'B2'

COMMUNICATION INTELLIGENCE: Sells Units Worth $780,000
COMSTOCK MINING: Van Den Berg Held 15.3% Equity Stake at Dec. 31
CRYOPORT INC: Incurs $1.8 Million Net Loss in Dec. 31 Quarter
DARA BIOSCIENCES: HORNE LLP Raises Going Concern Doubt
DEERFIELD RETIREMENT: Dorsey & Whitney Okayed as Bankr. Counsel

DIOCESE OF HELENA: Diocese, Trustee Ink Deal on Cash Mgt. System
DIOCESE OF HELENA: Files Schedules of Assets and Debts
DIOCESE OF HELENA: Files Statement of Financial Affairs
DIOCESE OF STOCKTON: Seeks Approval of Blue Shield Agreement
DIOCESE OF STOCKTON: Wins Approval for Felderstein as Counsel

DIOCESE OF STOCKTON: Neumiller Approved as Special Counsel
DIOCESE OF STOCKTON: Wins OK for Greeley as Consultant
DOMINIQUE H.S. ROSA: Redding Property to Be Auctioned Off April 1
DUKE REALTY: Fitch Raises Preferred Stock Rating to 'BB+'
DYNASIL CORP: Stockholders Elect Seven Directors

E.H. MITCHELL: Obtains Approval to File Exit Plan Until May 7
ECO BUILDING: Amends Supplier Buying Agreement with Home Depot
EDGENET INC: Gets Court Nod to Honor Employee Wage Obligations
EDDIE BAUER: Judge Expedites Men's Lawsuit Over Jos. A. Bank Deal
EDWIN D. POPE: Stake in DGE Hermitage to Be Auctioned Off March 18

ENERGY FUTURE: Firm and Creditors Haven't Signed 'NDA'
ENERGY TRANSFER: Fitch Affirms 'BB' Issuer Default Rating
EXCEL MARITIME: Disputed Claims to Be Resolved April 2014
EXIDE TECHNOLOGIES: Can Employ ERM as Environmental Consultant
EXIDE TECHNOLOGIES: To Investigate Price Fixing

FIELD FAMILY ASSOCIATES: Files Second Amended Chapter 11 Plan
FIRST DIVISION: Condo Unit to Be Auctioned Off March 7
FISKER AUTOMOTIVE: Seeks More Time to Remove Actions
FORCE FUELS: KCG Americas Held 6.1% Equity Stake at Dec. 31
FOX TROT: Duane Cook Approved to Handle Appeal and Counterclaims

FRANCES R. PARKTON: Nevada Dist. Court Rules on Palms Place Appeal
FREEDOM INDUSTRIES: President, CFO Met With Creditors
FURNITURE BRANDS: Wins OK to Sell Residual Assets Under $3MM
GFI/GLOBAL FINANCIAL: N.D. Ill. Court Rules in "Jackson" Suit
GLOBAL AVIATION: Plan Support Agreement with Cerberus Approved

GLOBAL AVIATION: Court Okays Alvarez & Marsal as Panel's Advisor
GLOBAL AVIATION: Committee Hires Morris James as Co-counsel
GLOBAL AVIATION: Files Amended Schedules of Assets and Liabilities
GOLDKING HOLDINGS: U.S. Trustee Appoints 3-Member Creditors Panel
GOLDKING HOLDINGS: Can File Chapter 11 Plan Until May 27

GOLDKING HOLDINGS: Can Hire A&M to Provide Forensic Services
GOLDKING HOLDINGS: Court Okays Gibbs & Bruns as Litigation Counsel
GRAND CENTREVILLE: Has Exclusive Right to File Plan Thru March 17
GREEN EARTH: Posts $1.7 Million Net Income in Dec. 31 Quarter
GREEN FIELD ENERGY: Examiner Hires Stutzman Bromberg as Counsel

HALLIBURTON CO: Top Court to Take Up Securities Suit
HELIOVOLT CORP: Struggles After Investor Cancels Solar Plans
HIGHWAY TECHNOLOGIES: Creditors' Meeting Set for March 11
HIGHWAY TECHNOLOGIES: General Claims Bar Date Set for June 9
HIGHWAY TECHNOLOGIES: Seeks to Confirm Settlement with Quirozes

IMAGEWARE SYSTEMS: Jon Gruber Stake at 5% as of Dec. 31
INTRALINKS INC: Moody's Rates New $80MM Sr. Secured Debt 'B2'
IRISH BANK: Court Denies Approval of Deal with Tampa Port
IRISH BANK: Lone Star Funds Unit Authorized to Buy Loan Tranche
JAMES F. WALDRON: Lakewood Avenue Property to Be Sold March 18

LILY GROUP: D. Smith Designated as LGI's Authorized Agent
LLS AMERICA: Trustee May Recoup C$1.18-Mil. From Elm Construction
MCCLATCHY CO: Earns $12.5 Million in Fourth Quarter
MCCLATCHY CO: Contrarius Stake at 10.6% as of Dec. 31
MDU COMMUNICATIONS: KCG Stake at 9% as of Dec. 31

MI PUEBLO: Has Interim Authority to Obtain $32.7MM in DIP Loans
MINI MASTER: Files Schedules of Assets and Liabilities
MINI MASTER: Files List of 20 Largest Unsecured Creditors
MT GOX CO: Bitcoin Exchange Planning to File for Bankruptcy
MT GOX: Broken Walls Set Course for Bitcoin's 'Lehman Moment'

NESBITT PORTLAND: Third Amended Plan Declared Effective Feb. 13
NET ELEMENT: Transfers Interests in T1T LAB to T1T Group
NII HOLDINGS: UBS AG Stake at 8.2% as of Dec. 31
NII HOLDINGS: Capital World Stake at 10.5% as of Dec. 31
NORTEL NETWORKS: To Put Proceeds in Treasury While Creditors Fight

ONCURE HOLDINGS: Has Until March 11 to Remove Civil Actions
ORCAL GEOTHERMAL: Fitch Affirms BB Rating on $165MM Senior Notes
OVERLAND STORAGE: Incurs $4.3 Million Net Loss in Fiscal Q2
OVERLAND STORAGE: Austin Marxe Stake at 18.2% as of Dec. 31
PERSONAL COMMUNICATIONS: Disclosure Statement Approved

PLANDAI BIOTECHNOLOGY: Director Quits, New Director Appointed
PLATINUM STUDIOS: KCG Americas Stake at 6.4% as of Dec. 31
POWER BALANCE: Case Management Conference in "CFC" Suit Reset
POWER BALANCE: 3rd Amended Liquidating Plan Approved in December
PRECISION OPTICS: Austin Marxe Stake at 39.2% Stake at Dec. 31

PREMIER PAVING: US Trustee Wants Chapter 11 Case Dismissed
PROSPECT SQUARE: Gets Interim Okay to Use Cash Collateral
PULSE ELECTRONICS: John Houston No Longer Serving as SVP, Sales
QANTAS AIRWAYS: Posts Steep Loss, to Cut 5,000 Jobs
REGAL ENTERTAINMENT: Fitch Rates New 8-Yr. Unsecured Notes 'B/RR5'

REGAL ENTERTAINMENT: Moody's Rates New Sr. Unsecured Notes 'B3'
RENT-A-CENTER INC: Moody's Rates New $850MM Secured Loans 'Ba1'
RESIDENTIAL CAPITAL: Court Expunges California Litigation Claims
RESPONSE BIOMEDICAL: Secures US$2.5 Million Term Loan
RIVER CITY RESORT: Seeks Ch.11 Before Trial in Investors' Suit

ROBERTS HOTELS: BofA Asks Court to Dismiss 3 More Cases
SARKIS INVESTMENTS: Secured Creditor Balks at GA Keen Hiring
SCOTTSDALE VENETIAN: Has Consent to Use Cash Until Feb. 28
SEVEN ARTS: Director Resigns After Being Charged for Wire Fraud
SEVEN ARTS: Effecting a 1-for-100 Reverse Stock Split

SHUANEY IRREVOCABLE: Chapter 11 Reorganization Case Dismissed
SHELBOURNE NORTH WATER: Property DIP Facility Has Interim Approval
SOUTHERN FILM EXTRUDERS: To Seek Plan Approval on April 9
ST. FRANCIS' HOSPITAL: Asks Court to Extend Lease Decision Period
STACY'S INC: Parties Seek to Continue Key Hearing to March 12

STANFORD GROUP: High Court Rules Ponzi Victims Can Sue 3rd Parties
STELLAR BIOTECHNOLOGIES: Named 2014 TSX Venture 50(R) Company
SWA BASELINE: Western Alliance Asks Court to Dismiss Case
TAMARACK RESORT: Idaho Sheriff Continues With Asset Sales
TECHPRECISION CORP: Incurs $757,600 Net Loss in Dec. 31 Qtr.

THERMOENERGY CORP: Guggenheim Stake at 15.6% as of Dec. 31
TITAN ENERGY: Michael Epstein Stake at 7% as of Feb. 14
TREEHOUSE FOODS: Moody's Rates New $400MM Unsecured Notes 'Ba2'
UNI-PIXEL INC: Susquehanna Stake at 5.3% as of Dec. 31
UNITEK GLOBAL: Eubel Brady Held Less Than 1% Stake at Dec. 31

UNITEK GLOBAL: Red Oak Stake at 10.55% as of Dec. 31
UNIVERSAL BIOENERGY: Delays Form 10-Q for Dec. 31 Quarter
VERNAM BASIN: Queens Property to Be Auctioned Off March 21
VICTOR OOLITIC: Hires Morris Nichols as Bankruptcy Co-Counsel
VICTOR OOLITIC: Taps Quarton Partners as Investment Banker

VICTOR OOLITIC: Seeks to Employ Faegre Baker as Labor Counsel
VICTOR OOLITIC: Has Authority to Hire Kurtzman as Claims Agent
VISUALANT INC: Incurs $845,500 Net Loss in Dec. 31 Quarter
W.R. GRACE: Administrative Claims Bar Date Set for May 5
WOODEN RULER: Foreclosure Sale Postponed to April 15

XTREME IRON: Joint Plan of Liquidation Declared Effective

* UltraTrust.com Discusses Pro Athletes' Financial Mess

* Apollo's Leon Black Says Distressed Debt Still Attractive
* Head Muni Salesman at Goldman to Join Hedge Fund

* Patton Boggs and Squire Sanders Are in Merger Talks

* Recent Small-Dollar & Individual Chapter 11 Filings


                             *********


1250 OCEANSIDE: Seeks Approval of Claims Settlement with the Shaws
------------------------------------------------------------------
1250 Oceanside Partners, et al., are seeking Bankruptcy Court
permission to enter into a claims settlement with Lawrence Wayne
Shaw and Lisa Jo Shaw.

The Settlement concerns purchase-money financing Mr. and Mrs. Shaw
obtained from Oceanside in connection with their purchase of Lot
92 in the Hokuli'a development and an attendant membership in the
Club at Hokuli'a.  The Shaws ceased making payments on their
promissory note in October 2010, owing $533,244 in unpaid
principal on their loan.

In July 2013, Oceanside sued the Shaws for judgment on the Note
and for foreclosure of Oceanside's mortgage on the Property and
lien on the Club Membership.

As of Dec. 16, 2013, the total amount owed by Mr. and Mrs. Shaw
under the Note was $772,182.

Accordingly, the parties agree to settle the matter whereby the
Shaws will pay Oceanside $650,000, and Oceanside will release its
mortgage on the Property and lien on the Club Membership and cause
its claims in the adversary proceeding to be dismissed.

The Settlement also disposes of the claim filed by the Shaws in
Oceanside's bankruptcy case, which is Claim No. 59.

Sun Kona Finance II, LLC, holder of a security interest in the
Note and collateral, has consented to the Settlement, and will
retain a substitute security interest in the settlement proceeds.

                  About 1250 Oceanside Partners

1250 Oceanside Partners, Front Nine, LLC, and Pacific Star
Company, LLC, owners of the 1,800-acre Hokuli'a luxury real
estate development near Kona on the island of Hawaii, sought
Chapter 11 protection (Bankr. D. Hawaii Lead Case No. 13-00353)
on March 6, 2013, in Honolulu.

The Debtors were formed by developer Lyle Anderson and were
part of his development "empire", which included developments
in Hawaii, Arizona, New Mexico and Scotland.  The secured
lender, Bank of Scotland, declared a default and obtained
control of the Debtors in January 2008.

Development of the property, which has 3.5 miles of waterfront
on the Kona coast, stopped after the developers were declared
in default under the loan.  Oceanside and Front Nine own most
of the land within the Hokuli'a project, which is the principal
development.  Pacific Star owns the land referred to as
"Keopuka", near Hokuli'a.  The Hokuli'a was to have 730
residential units, an 18-hole golf course, club and other
amenities.

The Debtors say their assets are worth $68.1 million while they
are jointly liable to $625 million of debt to Sun Kona Finance
LLC, which acquired the Hawaii loan from Bank of Scotland.

Simon Klevansky, Esq., Alika L. Piper, Esq., and Nicole D.
Stucki, Esq., at Klevansky Piper, LLP, represent the Debtor in
its restructuring effort.  They replaced the law firm of Gelber,
Gelber & Ingersoll as general counsel.

1250 Oceanside Partners, its affiliates and lender Sun Kona
Finance I LLC, won court approval of the disclosure statement
explaining a reorganization plan that would turn over ownership to
its secured lender.  Sun Kona would provide a $65 million exit
facility to help make payments under the plan and to fund the
reorganized company when it leaves court protection.

A creditors committee has not been appointed.

James A. Wagner, Esq., and Allison A. Ito, Esq., at Wagner Choi &
Verbrugge, represent creditor Sun Kona Finance I, LLC, as counsel.


AFFYMAX INC: Samuel Isaly Held Less Than 1% Stake at Dec. 31
------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Samuel D. Isaly and his affiliates disclosed
that as of Dec. 31, 2013, they beneficially owned 369,971 shares
of common stock of Affymax, Inc., representing 0.98 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/MWtc1h

                            About Affymax

Affymax, Inc. (Nasdaq: AFFY) is a biopharmaceutical company based
in Palo Alto, California.  In March 2012, the U.S. Food and Drug
Administration approved the Company's first and only product,
OMONTYS(R) (peginesatide) Injection for the treatment of anemia
due to chronic kidney disease in adult patients on dialysis.
OMONTYS is a synthetic, peptide-based erythropoiesis stimulating
agent, or ESA, designed to stimulate production of red blood cells
and has been the only once-monthly ESA available to the adult
dialysis patient population in the U.S.  The Company co-
commercialized OMONTYS with its collaboration partner, Takeda
Pharmaceutical Company Limited, or Takeda during 2012 until
February 2013, when the Company and Takeda announced a nationwide
voluntary recall of OMONTYS as a result of safety concerns.

The Company's balance sheet at Sept. 30, 2013, showed $15.54
million in total assets, $16.41 million in total liabilities and a
$869,000 total stockholders' deficit.

                        Bankruptcy Warning

"We have experienced significant operating losses since inception.
We expect to continue to incur operating losses.  Our only source
of potential proceeds are milestone payments from Takeda related
to a reintroduction of OMONTYS which is highly uncertain.  We may
never generate additional revenues and, even if we do generate
revenue in the future, we may never achieve or sustain
profitability.

"If Takeda is unable to identify quickly the causes of the OMONTYS
safety concerns or raise additional funds when required or on
acceptable terms, we may have to:

   * discontinue operations;

   * relinquish some or all of our existing rights to OMONTYS
     milestones, royalties or other existing rights; or

   * pursue alternatives such as sale of the Company or its
     assets, a corporate merger, wind-down of operations or even
     bankruptcy proceedings," the Company said in its quarterly
     report for the period ended Sept. 30, 2013.

                           Going Concern

"Because we have not made an irrevocable decision to liquidate,
the accompanying condensed financial statements have been prepared
under the assumption of a going concern basis that contemplates
the realization of assets and liabilities in the ordinary course
of business.  Operating losses have been incurred each year since
inception, resulting in an accumulated deficit of $556.7 million
as of September 30, 2013.  Nearly all of our revenues to date have
come from our collaboration with Takeda.  As a result of the
February 23, 2013 nationwide voluntary recall of OMONTYS and the
suspension of all marketing activities, there is significant
uncertainty as to whether we will have sufficient existing cash to
fund our operations for the next 12 months.  Our liabilities
exceed our assets.  Given our limited resources, there is no
assurance that we will be able to reduce our operating expenses
enough to meet our existing and future obligations and conduct
ongoing operations.  If we do not have sufficient funds to
continue operations, we could be required to liquidate our assets,
seek bankruptcy protection or other alternatives.  Any failure to
dispel any continuing doubts about our ability to continue as a
going concern could adversely affect our ability to enter into
collaborative relationships with business partners.  These matters
raise substantial doubt about our ability to continue as a going
concern," the Company said in the Report.


AMERICAN AXLE: Sandra Dauch Stake at 9.6% as of Dec. 31
-------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Sandra J. Dauch disclosed that as of Dec. 31,
2013, she beneficially owned 7,285,232 shares of common stock of
American Axle & Manufacturing Holdings, Inc., representing 9.64
percent of the shares outstanding.  Ms. Dauch previously reported
beneficial ownership of 7,454,732 shares as of Aug. 29, 2013.  A
copy of the regulatory filing is available for free at:

                        http://is.gd/2ZReei

                        About American Axle

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

The Company's balance sheet at Sept. 30, 2013, showed
$3.11 billion in total assets, $3.16 billion in total liabilities
and a $46.8 million total stockholders' deficit.

                           *     *     *

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

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

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


AMERICAN AXLE: Jana Partners Stake at 8.8% as of Dec. 31
--------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Jana Partners LLC disclosed that as of Dec. 31, 2013,
it beneficially owned 6,663,698 shares of common stock of
American Axle & Manufacturing Holdings, Inc., representing 8.8
percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/7T8Dwp

                         About American Axle

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

The Company's balance sheet at Sept. 30, 2013, showed
$3.11 billion in total assets, $3.16 billion in total liabilities
and a $46.8 million total stockholders' deficit.

                           *     *     *

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

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

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


AMERICAN MEDIA: Incurs $50.4 Million Net Loss in Dec. 31 Qtr.
-------------------------------------------------------------
American Media, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $50.40 million on $74.64 million of total operating revenues
for the three months ended Dec. 31, 2013, as compared with a net
loss of $57.93 million on $85.31 million of total operating
revenues for the same period during the prior year.

For the nine months ended Dec. 31, 2013, the Company reported a
net loss of $51.35 million on $255.64 million of total operating
revenues as compared with a net loss of $61.15 million on $262.42
million of total operating revenues for the same period last year.

As of Dec. 31, 2013, the Company had $565.84 million in total
assets, $692.81 million in total liabilities, $3 million in
redeemable noncontrolling interest, and a $129.97 million total
stockholders' deficit.

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

                         http://is.gd/p2Sbzm

                         About American Media

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

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

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

                           *     *     *

As reported by the TCR on Nov. 20, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Boca Raton, Fla.-
based American Media Inc. to 'CCC+' from 'SD'.

"The upgrade follows the company's exchange of $94.3 million of
its $104.9 million 13.5% second-lien cash-pay notes due 2018 for
privately held $94.3 million 10% second-lien notes due 2018," said
Standard & Poor's credit analyst Hal Diamond.


AMERICAN POWER: Reports $408,600 Net Loss in Dec. 31 Quarter
------------------------------------------------------------
American Power Group Corporation filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss available to common stockholders of $408,613
on $1.84 million of net sales for the three months ended Dec. 31,
2013, as compared with a net loss available to common stockholders
of $852,490 on $874,953 of net sales for the same period during
the previous year.

As of Dec. 31, 2013, the Company had $9.82 million in total
assets, $4.36 million in total liabilities and $5.46 million in
total stockholders' equity.

As of Dec. 31, 2013, the Company had $1,595,996 in cash, cash
equivalents and restricted certificates of deposit and working
capital of $1,889,773.  As of Dec. 31, 2013, under the terms of
the Company's working capital line, the Company had sufficient
collateral to borrow an additional $545,419 above the then
outstanding balance.

"Based on our fiscal 2014 operating budget, cash on hand at
December 31, 2013 and anticipated availability under our bank
working capital line, we believe we will be able to satisfy our
cash requirements through at least the end of calendar 2014
without the need to materially modify our operating plan.  We
understand our continued existence is dependent on our ability to
generate positive operating cash flow, achieve profitability on a
sustained basis and generate improved performance.  If we are
unable to achieve and sustain profitability and we are unable to
obtain additional financing to supplement our cash position, our
ability to maintain our current level of operations could be
materially and adversely affected.  There is no guarantee we will
be able to achieve profitability," the Company said in the Form
10-Q.

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

                         http://is.gd/NQe25U

                      About American Power Group

American Power Group's alternative energy subsidiary, American
Power Group, Inc., provides a cost-effective patented Turbocharged
Natural GasTM conversion technology for vehicular, stationary and
off-road mobile diesel engines.  American Power Group's dual fuel
technology is a unique non-invasive energy enhancement system that
converts existing diesel engines into more efficient and
environmentally friendly engines that have the flexibility to run
on: (1) diesel fuel and liquefied natural gas; (2) diesel fuel and
compressed natural gas; (3) diesel fuel and pipeline or well-head
gas; and (4) diesel fuel and bio-methane, with the flexibility to
return to 100 percent diesel fuel operation at any time.  The
proprietary technology seamlessly displaces up to 80% of the
normal diesel fuel consumption with the average displacement
ranging from 40 percent to 65 percent.  The energized fuel balance
is maintained with a proprietary read-only electronic controller
system ensuring the engines operate at original equipment
manufacturers' specified temperatures and pressures.  Installation
on a wide variety of engine models and end-market applications
require no engine modifications unlike the more expensive invasive
fuel-injected systems in the market. See additional information at
www.americanpowergroupinc.com.

American Power incurred a net loss available to common
shareholders of $14.66 million for the year ended Sept. 30, 2012,
compared with a net loss available to common shareholders of $6.81
million during the prior year.  The Company's balance sheet at
June 30, 2013, showed $10.51 million in total assets, $4.01
million in total liabilities, all current, and $6.49 million in
stockholders' equity.


ARRAY BIOPHARMA: Reports $16.4-Mil. Net Loss in Q4 Ended Dec. 31
----------------------------------------------------------------
Array Biopharma Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
loss of $16.41 million on $14.07 million of total revenue for the
three months ended Dec. 31, 2013, compared with a net loss of
$10.93 million on $18.38 million of total revenue for the same
period in 2012.

The Company's balance sheet at Dec. 31, 2013, showed
$146.32 million in total assets, $151.67 million in total
liabilities, and a stockholders' deficit of $5.35 million.

"If we are unable to generate enough revenue from our existing or
new partnerships when needed or secure additional sources of
funding, it may be necessary to significantly reduce the current
rate of spending through further reductions in staff and delaying,
scaling back, or stopping certain research and development
programs, including more costly Phase 2 and Phase 3 clinical
trials on our wholly-owned or co-development programs as these
programs progress into later stage development. Insufficient
liquidity may also require us to relinquish greater rights to
product candidates at an earlier stage of development or on less
favorable terms to us and our stockholders than we would otherwise
choose in order to obtain up-front license fees needed to fund
operations. These events could prevent us from successfully
executing our operating plan and, in the future, could raise
substantial doubt about our 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/9Qo4gs

                       About Array Biopharma

Boulder, Colo.-based Array BioPharma Inc. is a biopharmaceutical
company focused on the discovery, development and
commercialization of targeted small-molecule drugs to treat
patients afflicted with cancer and inflammatory diseases.  Array
has four core proprietary clinical programs: ARRY-614 for
myelodysplastic syndromes, ARRY-520 for multiple myeloma, ARRY-797
for pain and ARRY-502 for asthma.  In addition, Array has 10
partner-funded clinical programs including two MEK inhibitors in
Phase 2: selumetinib with AstraZeneca and MEK162 with Novartis.

Array BioPharma reported a net loss of $23.58 million for the year
ended June 30, 2012, a net loss of $56.32 million for the year
ended June 30, 2011, and a net loss of $77.63 million for
the year ended June 30, 2010.


AMERICAN SUPERCONDUCTOR: Has $8.42-Mil. Net Loss in Fourth Quarter
------------------------------------------------------------------
American Superconductor Corporation filed its quarterly report on
Form 10-Q, reporting a net loss of $8.42 million on $20.56 million
of revenues for the three months ended Dec. 31, 2013, compared
with a net loss of $20.13 million on $17.42 million of revenues
for the same period in 2012.

The Company's balance sheet at Dec. 31, 2013, showed
$178.37 million in total assets, $67.16 million in total
liabilities, and stockholders' equity of $111.21 million.

The Company has experienced recurring operating losses and as of
Dec. 31, 2013, the Company had an accumulated deficit of $833.7
million.  In addition, the Company has experienced recurring
negative operating cash flows, which has resulted in a decrease in
its cash balance.  These factors raise substantial 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/mgsIDb

Devens, Massachusetts-based American Superconductor Corporation is
a leading provider of megawatt-scale solutions that lower the cost
of wind power and enhance the performance of the power grid.  In
the wind power market, the Company enables manufacturers to field
highly competitive wind turbines through its advanced power
electronics products, engineering, and support services.  In the
power grid market, the Company enables electric utilities and
renewable energy project developers to connect, transmit and
distribute power through its transmission planning services and
power electronics and superconductor-based products.


BEAZER HOMES: GSO Capital Stake at 6% as of Dec. 31
---------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, GSO Capital Partners LP and its affiliates
disclosed that as of Dec. 31, 2013, they beneficially owned
1,513,968 shares of common stock of Beazer Homes USA Inc.
representing 6 percent of the shares outstanding.  GSO Capital
previously reported beneficial ownership of 1,400,000 shares as of
Dec. 31, 2012.  A copy of the regulatory filing is available for
free at http://is.gd/AL1Ljn

                        About Beazer Homes

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

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

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

                           *     *     *

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

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

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


BEAZER HOMES: David Tepper Stake at 4.6% as of Dec. 31
------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, David A. Tepper and his affiliates disclosed
that as of Dec. 31, 2013, they beneficially owned 1,186,943 shares
of common stock of Beazer Homes USA, Inc., representing 4.68
percent of the shares outstanding.  Mr. Tepper previously reported
beneficial ownership of 1,274,095 common shares as of Dec. 31,
2012.  A copy of the regulatory filing is available for free at:

                         http://is.gd/AvxlrJ

                         About Beazer Homes

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

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

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

                           *     *     *

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

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

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


BEAZER HOMES: Highbridge No Longer a 5% Shareholder
---------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Highbridge Capital Management, LLC, disclosed
that as of Dec. 31, 2013, it beneficially owned 192 shares of
common stock of Beazer Homes USA, Inc., representing less than
0.01% of the shares outstanding.  The percentage is calculated
based upon 25,358,677 shares of Common Stock issued and
outstanding as of Dec. 13, 2013, as disclosed in the Company's
Schedule 14A filed with the Securities and Exchange Commission on
Dec. 20, 2013.  Highbridge Capital previously reported beneficial
ownership of 5.08 percent equity stake as of Dec. 31, 2012.  A
copy of the regulatory filing is available for free at:

                       http://is.gd/Gzu7oz

                        About Beazer Homes

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

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

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

                           *     *     *

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

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

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


BEAZER HOMES: Brigade Capital No Longer Owns Shares
---------------------------------------------------
Brigade Capital Management, LLC, and its affiliates disclosed that
as of Dec. 31, 2013, they have ceased to be the beneficial owner
of any shares of common stock of Beazer Homes USA, Inc.  Brigade
Capital previously owned 1,266,600 common shares as of March 15,
2013.  A copy of the regulatory filing is available at:

                       http://is.gd/JYPO7C

                        About Beazer Homes

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

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

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

                           *     *     *

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

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

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


BERRY PLASTICS: Apollo Management Stake at 29% as of Dec. 31
------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Apollo Management Holdings GP, LLC, and its
affiliates disclosed that as of Dec. 31, 2013, they beneficially
owned 33,728,218 shares of common stock of Berry Plastics Group,
Inc., representing 29 percent of the shares outstanding.  The
percentage is based upon 116,300,000 shares of Common Stock
outstanding as of Jan. 31, 2014, as reported in the Issuer's
Quarterly Report on Form 10-Q filed with the Securities and
Exchange Commission on Jan. 31, 2014.  A copy of the regulatory
filing is available at http://is.gd/V4NSne

                        About Berry Plastics

Berry Plastics Corporation manufactures and markets plastic
packaging products, plastic film products, specialty adhesives and
coated products.  At Jan. 2, 2010, the Company had more than 80
production and manufacturing facilities, primarily located in the
United States.  Berry is a wholly-owned subsidiary of Berry
Plastics Group, Inc.  Berry Group is primarily owned by affiliates
of Apollo Management, L.P., and Graham Partners.  Berry, through
its wholly owned subsidiaries operates five reporting segments:
Rigid Open Top, Rigid Closed Top, Flexible Films, Tapes/Coatings
and Specialty Films.  The Company's customers are located
principally throughout the United States, without significant
concentration in any one region or with any one customer.

On Dec. 3, 2009, Berry Plastics obtained control of 100 percent of
the capital stock of Pliant upon Pliant's emergence from
reorganization pursuant to a proceeding under Chapter 11 for a
purchase price of $602.7 million.  Pliant is a leading
manufacturer of value-added films and flexible packaging for food,
personal care, medical, agricultural and industrial applications.
The acquired business is primarily operated in Berry's Specialty
Films reporting segment.

As of Dec. 28, 2013, the Company had $5.26 billion in total
assets, $5.44 billion in total liabilities and a $183 million
stockholders' deficit.

Berry Plastics reported net income of $2 million for the fiscal
year ended Sept. 29, 2012, a net loss of $299 million for the
fiscal year ended Oct. 1, 2011, and a net loss of $113 million for
the fiscal year ended Oct. 2, 2010.

                           *     *     *

As reported by the TCR on Feb. 1, 2013, Moody's Investors Service
upgraded the corporate family rating of Berry Plastics to B2 from
B3 and the probability of default rating to B2-PD from B3-PD.  The
upgrade of the corporate family rating to B2 from B3 reflects
the improvement in pro-forma credit metrics and management's
publicly stated goal to pursue a less aggressive, more balanced
financial profile.

In November 2011, Standard & Poor's Ratings Services affirmed the
'B-' corporate credit rating on Berry and its holding company
parent, Berry Plastics Group Inc.  "The ratings on Berry reflect
the risks associated with the company's highly leveraged financial
profile and acquisition- driven growth strategy as well as its
fair business risk profile," said Standard & Poor's credit analyst
Cynthia Werneth.


BERRY PLASTICS: Public Stock Offering No Impact on Moody's B2 CFR
-----------------------------------------------------------------
Berry Plastic Group Inc's announcement that it is commencing a
secondary public offering of 9 million shares of the company's
common stock by certain funds affiliated with Apollo Global
Management, LLC is credit neutral and will have no effect on the
company's credit ratings or outlook. Berry itself is not selling
any shares and will not receive any proceeds from the proposed
offering. The offering will also not alter the number of shares of
the company's common stock that are outstanding. The company has a
B2 corporate family rating and stable rating outlook.

Based in Evansville, Indiana, Berry Plastics Corporation ("Berry")
is a supplier of plastic packaging products, serving customers in
the food and beverage, healthcare, household chemicals, personal
care, home improvement, and other industries. Net sales for the 12
months ended September 28, 2013 totaled approximately $4.6
billion.


C.M. MEIERS: Calif. Appeals Court Flips Alter Ego Ruling
--------------------------------------------------------
Herbert Rothman and Eric Rothman appeal a trial court's order
amending its judgment affirming an arbitration award to add them
as judgment debtors.  The Rothmans were officers and shareholders
in C.M. Meiers Company, an insurance brokerage business that was
sued by Gensar Saleigh and George Nakao, Inc., dba Capitol
Financial Services for breach of contract; the suit resulted in an
arbitration award against CMM.  After obtaining judgment on the
arbitration award, the plaintiffs successfully moved to amend the
judgment to add the Rothmans as judgment debtors on the basis the
Rothmans were the alter egos of CMM.  On appeal, the Rothmans
principally argue that the trial court failed to properly weigh
the determining factors in the alter ego analysis and there was
insufficient evidence they were the alter egos of CMM.

In a Feb. 6 decision available at http://is.gd/BkJF0ofrom
Leagle.com, the Court of Appeals of California, Second District,
Division One, held that there is insufficient evidence that the
Rothmans were the alter egos of CMM, and reversed.

The case is, GENSAR SALEIGH, etc., et al., Plaintiffs and
Respondents, v. C.M. MEIERS COMPANY, INC., Defendant and
Respondent; ERIC ROTHMAN et al., Objectors and Appellants, No.
B247884 (Cal. App.).

Objector and Appellant Eric Rothman is represented by:

     Paul B. Derby, Esq.
     Mane Sardaryan, Esq.
     GERSH|DERBY
     15821 Ventura Blvd., STE 515
     Encino, CA 91436
     Tel: (818) 536-5709
     Fax: (818) 981-4618

Objector and Appellant Herbert Rothman is represented by The Law
Offices of Bovino & Associates' Marcy Railsback, Esq. --
Marcy@BovinoLaw.com -- and:

     GLICKFELD, FIELDS & JACOBSON
     Lawrence M. Jacobson, Esq.
     315 South Beverly Drive, Suite 415
     Beverly Hills, CA 90212
     Tel: 310-550-7222

Stone Cha & Dean's Kristi W. Dean, Esq. -- kdean@scdlawllp.com --
represent Plaintiffs and Respondents Gensar Saleigh and George
Nakao, Inc.

Woodland Hills, Calif.-based C.M. Meiers Company, Inc., dba CMM of
Texas, and Integrated Benefit Consultants, filed for Chapter 11
bankruptcy (Bankr. C.D. Cal. Case No. 12-10229) on Jan. 9, 2012.
Judge Maureen Tighe presides over the case.  Elaine Nguyen, Esq.
-- elaine@wsrlaw.net -- at Weintraub & Selth APC, serves as the
Debtor's bankruptcy counsel.  In its petition, CMM estimated under
$10 million in both assets and debts.  A list of its 20 largest
unsecured creditors filed with the petition is available for free
at http://bankrupt.com/misc/cacb12-10229.pdf The petition was
signed by Eric Rothman, vice president.


CARDICA INC: Posts $4.17-Mil. Net Loss for Dec. 31 Quarter
----------------------------------------------------------
Cardica, Inc., filed its quarterly report on Form 10-Q, reporting
a net loss of $4.17 million on $851,000 of total net revenue for
the three months ended Dec. 31, 2013, compared with a net loss of
$4.19 million on $874,000 of total net revenue for the same period
in 2012.

The Company's balance sheet at Dec. 31, 2013, showed $11.06
million in total assets, $7.13 million in total liabilities, and
stockholders' equity of $3.93 million.

The Company has incurred cumulative net losses of $161.5 million
through Dec. 31, 2013, and negative cash flows from operating
activities and expects to incur losses for the next several years.
Management plans to continue to finance the Company's operations
with equity or debt issuances or through collaboration
arrangements.  There is no guarantee that such funding will be
available to the Company on acceptable terms, or at all, or that
such funding will be received in a timely manner, if at all.  If
adequate funds are not available, the Company may be required to
delay, reduce the scope of, or eliminate one or more of its
development or commercialization programs.  There is no guarantee
that the Company will be able to reduce its expenditures without
materially and adversely affecting the business.  These
conditions, among other factors, raise substantial 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/ocX7Jv

Redwood City, Calif.-based Cardica, Inc. (Nasdaq: CRDC) designs
and manufactures proprietary stapling and anastomotic devices for
cardiac and laparoscopic surgical procedures.  Cardica's
technology portfolio is intended to minimize operating time and
enable minimally-invasive and robot-assisted surgeries.


CATASYS INC: Transitions to a New Board of Directors
----------------------------------------------------
Catasys, Inc., announced the transition to a new Board of
Directors.

Terren Peizer, Chairman and CEO of Catasys commented, "The purpose
of our transition is to have a new invigorated board, which more
accurately reflects our shareholder base, our stage of
development, and increases our public company experience with the
addition of C level management and directors that serve other
similar situated public companies.  The transition also increases
our healthcare services industry relationships and expertise with
proven healthcare executives that know the Company's target
market."

The new board additions include:

   * Minal Patel, MD: Dr. Patel is an executive vice president at
     iHealth Technologies.  He joined iHealth in 2012 through its
     acquisition of Care Management International (CMI), an
     innovative care management company that Dr. Patel founded and
     served as CEO.  Prior to this, he has served in several
     executive roles, most recently as president and COO of
     Horizon Healthcare of New York, a 200,000 member subsidiary
     of Horizon Blue Cross Blue Shield of New Jersey and prior to
     that he was the Executive Medical Director for Quality
     Management and Clinical Innovations for Horizon BCBSNJ.  He
     was also previously a strategy consultant for McKinsey and
     Company.  Dr. Patel has a BS in medical sciences and a
     doctorate in medicine from Boston University and a Masters in
     Public Health degree from Harvard University.

   * Richard Berman: Mr. Berman is currently the president and CEO
     of LICAS, a K-12, College and University, Health Care
     consulting firm.  In addition, he currently serves as
     Chairman of Emblem Health's Quality of Care Committee and a
     member of its Audit Committee.  Previously he was a
     management consultant for McKinsey & Company, executive vice
     president of NYU Medical Center and Professor of Health Care
     Management at the NYU School of Medicine.  He has also held
     various roles at Korn Ferry International, Howe-Lewis
     International, the New York Office of Health Systems
     Management, US Department of Health Education, and Welfare,
     and as the President of Manhattanville College.  In 1995,
     Mr. Berman was selected by Manhattanville College to serve as
     its tenth president.  Mr. Berman is credited with the
     turnaround of the College, where he served until 2009.  In
     2006, Mr. Berman was awarded a Fulbright Commission grant to
     travel to Uganda and provide strategic planning and
     leadership training to Kabale University.  Mr. Berman has a
     Bachelors of Business Administration, a MBA and Master in
     Public Health.

   * Steven Kriegsman: Mr. Kriegsman has been CytRx's (Nasdaq:
     CYTR) president and chief executive officer and director
     since July 2002.  He also serves as a director of Galena
     Biopharma, Inc. (Nasdaq: GALE) and Chairman of Galena's
     Compensation and Transaction Committees.  He previously
     served as Director and Chairman of Global Genomics from June
     2000.  Mr. Kriegsman is an inactive Chairman and Founder of
     Kriegsman Capital Group LLC, a financial advisory firm
     specializing inemerging growth companies in the healthcare
     industry.  He previously served as a Director and is the
     former Chairman of the Audit Committee of Bradley
     Pharmaceuticals, Inc. (NYSE, the company since has been
     sold).  Mr. Kriegsman has a BS degree with honors from New
     York University in Accounting.

   * David Smith: Mr. Smith is the president, chief executive
     officer and chief investment officer of the Trading Advisor.
     Mr. Smith was the founder and chief executive officer of
     Coast Asset Management.  Mr. Smith has worked in various
     capacities in the securities industry, including as vice
     president of Security Pacific Bank, and Oppenheimer and
     Company as a bond arbitrageur, and he is also a successful
     investor in small cap growth companies.  Mr. Smith has a
     M.B.A. from the University of California at Berkeley.

   * Marvin Ingelman: Mr. Ingelman is chief executive officer of
     Sprylogics International Inc. (SPY: TSX), a leader in the
     semantic search technology sector and currently on the Board
     of Directors of Jamba Juice (JMBA : NASDAQ) and American
     Apparel, Inc. (APP : NYSE MKT).  Previoiusly he was CEO of
     Unomobile, Inc., a mobile mobile advertising and messaging
     platform that was acquired in February 2010 by Poynt
     Corporation Mr Ingelman was also founder, president and CEO
     of Brandera Inc., which operated Portfolios.com, a leading
     online business-to-business site for the Graphic Arts and
     creative community, and has served as a business development
     consultant for numerous technology companies, and established
     a number of other successful ventures.

Mr. Peizer concluded, "We are delighted to add the new Board
Members with such strong credentials to Catasys' Board.  Their
proven backgrounds in driving growth and creating shareholder
value will be an asset to the company and its shareholders as we
continue to add on new health plans and other payors to our OnTrak
healthcare solution."

                          About Catasys Inc.

Based in Los Angeles, California, Hythiam, Inc., n/k/a Catasys,
Inc., is a healthcare services management company, providing
through its Catasys(R) subsidiary specialized behavioral health
management services for substance abuse to health plans.

Catasys disclosed a net loss of $11.64 million on $541,000 of
total revenues for the 12 months ended Dec. 31, 2012, as compared
with a net loss of $8.12 million on $267,000 of total revenues in
2011.

The Company's balance sheet at Sept. 30, 2013, showed $2.08
million in total assets, $18.68 million in total liabilities and a
$16.59 million total stockholders' deficit.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has incurred significant operating losses and
negative cash flows from operations during the year ended Dec. 31,
2012, which raise substantial doubt about the Company's ability to
continue as a going concern.


CEDAR RIVER DEVELOPMENT: Foreclosure Sale Moved to April 15
-----------------------------------------------------------
The public auction scheduled for Feb. 21, 2014, at 11:00 a.m. upon
the Mortgaged Premises located at Whittier Street a/k/a 111 Regent
Drive, in the City of Dover, Strafford County, New Hampshire,
owned by Cedar River Development, LLC, HAS BEEN POSTPONED until
April 15, 2014 at 11:00 a.m. upon the premises.

Cedar River entered into the Mortgage, Security Agreement and
Assignment dated May 30, 2008, with East Boston Savings Bank.  The
debt was later assigned to Cedar Cove Realty Partners, LLC, which
is initiating the foreclosure sale.

Cedar Cove Realty Partners is represented by:

     BERNSTEIN, SHUR, SAWYER AND NELSON, P.A.
     Roy W. Tilsley, Jr., Esq.
     670 North Commercial Street
     P.O. Box 1120
     Manchester, NH 03105-1120
     Tel: (603) 623-8700


CHA CHA ENTERPRISES: Has Interim Authority to Tap $9.3MM DIP Loans
------------------------------------------------------------------
Judge Arthur S. Weissbrodt of the U.S. Bankruptcy Court for the
Northern District of California, San Jose Division, gave Cha Cha
Enterprises, LLC, interim authority to borrow up to an aggregate
amount of $9,333,514, from Victory Park Capital Advisors, LLC, on
behalf of one or more entities for which it acts as investment
manager and other lenders, and Victory Park Management, LLC, as
administrative and collateral agent for the DIP Lenders.

Cha Cha Enterprises is prohibited from proposing a sale of any of
the DIP Collateral outside the ordinary course of business,
whether under a plan of reorganization or otherwise, unless (a)
the DIP Agent consents to the sale or the proceeds of the sale
will indefeasibly repay the DIP Loan Obligations in full in cash
on the effective date of the sale close, (b) all proceeds realized
from any Court-approved sale are to be transferred to the DIP
Agent for immediate application in reduction of the DIP Loan
Obligations, until payment in full in cash of all amounts owed to
the DIP Agent the DIP Lenders, and (c) the sale application
expressly provides that the DIP Agent may exercise their
respective rights to credit bid the DIP Loan Obligations in
accordance with the Interim DIP Order.

Judge Weissbrodt also approved the compromise of controversy and
authorized Cha Cha Enterprises, to execute various agreements with
Wells Fargo Bank, N.A., in connection with the discounted payoff
of the Debtor's loan from Wells Fargo.

Wells Fargo consented to the granting of the DIP Motion, subject
to the satisfaction of certain conditions, including the entry of
the agreements which provided for, among other things, the
discounted payoff.  The Bank told the Court that it has been
concerned for the last several months that the operating losses
and the decline in sales of Mi Pueblo would lead to a liquidity
crisis, which would make it difficult for the Debtor to continue
with its business operations.

Tracy Hope Davis, the U.S. Trustee for Region 17, objected to the
DIP motion, complaining, among other things, on the
appropriateness of the the amount of the requested funding.  The
U.S. Trustee also complained that the "waivable financing fees" of
$367,747 appear to be unreasonable in amount, and violate the
Court's Guidelines for Cash Collateral & Financing Motions &
Stipulations.  These fees, which are on top of all other fees,
effectively tie the Debtor's hands with respect to how it can
proceed in the case, the U.S. Trustee asserted.

A full-text copy of a 13-week cash forecast is available for free
at http://bankrupt.com/misc/CHACHAbudget0218.pdf

A hearing to consider final approval of the DIP request will be
held on March 6, 2014, at 10:30 a.m.  Objections are due Feb. 28.

The Debtor is represented by Paul J. Pascuzzi, Esq., and Jennifer
E. Niemann, Esq., at FELDERSTEIN FITZGERALD WILLOUGHBY & PASCUZZI
LLP, in Sacramento, California.

Counsel to the DIP Agent is Marc Carmel, Esq., at Paul Hastings
LLP, in Chicago, Illinois; and Todd Schwartz, Esq., at Paul
Hastings LLP, in Palo Alto, California.

Wells Fargo is represented by ROBERT B. KAPLAN, P.C., Esq., and
NICOLAS DE LANCIE, Esq., at JEFFER MANGELS BUTLER & MITCHELL LLP,
in San Francisco, California.

The U.S. Trustee is represented by Edwina E. Dowell, Esq., and
John S. Wesolowski, Esq., Office of the United States Trustee,
U.S. Department of Justice, in San Jose, California.

                     About Cha Cha Enterprises

Cha Cha Enterprises, LLC, is a California limited liability
company formed in 1998 to purchase a fee interest in property
located at 1775 Story Road, San Jose, California and a leasehold
interest in  property located at 1745 Story Road in San Jose.  Cha
Cha's primary business is the rental of real property.

Cha Cha filed a Chapter 11 petition (Bankr. N.D. Cal. Case
No. 13-53894) on July 22, 2013.  The Debtor estimated at least
$10 million in assets and liabilities.

An affiliate, Mi Pueblo San Jose, Inc., sought Chapter 11
protection (Case No. 13-53893) on the same day.  The cases are not
jointly administered.

Steven H. Felderstein, Esq., at Felderstein Fitzgerald Willoughby
& Pascuzzi LLP serves as counsel.

Robert B. Kaplan, P.C., Esq., and Nicolas De Lancie, Esq., at
Jeffer Mangels Butler & Mitchell LLP, represents secured creditor
Wells Fargo Bank, N.A.


CHARLOTTE RUSSE: Moody's Rates Proposed $50MM Add-on Debt 'B2'
--------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Charlotte Russe
Inc.'s proposed $50 million term loan add-on. The company's B2
Corporate Family Rating was affirmed, and the rating outlook was
changed to stable from negative.

Proceeds from the proposed $50 million term loan add-on, along
with $40 million of balance sheet cash, are expected to be used to
fund a distribution to the company's sponsor/owners, Advent
International.

Rating Assigned:

$50M Term Loan due 2019 at B2 LGD3/49%

Ratings Affirmed:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

$149M Term Loan due 2019 at B2 LGD3/49%

Ratings Rationale

"While the proposed $90 million dividend reflects a more
aggressive financial policy tone, Moody's believes that the
company's improved operating performance is such that the dividend
can be easily absorbed within the current B2 rating," stated
Moody's Vice President Charlie O'Shea. "Moody's notes that while
ownership will now have extracted approximately $240 million in
equity in the past 12 months, a meaningful equity cushion remains
in the business."

The B2 Corporate Family Rating acknowledges the company's strong
operating performance, with EBITDA growth of approximately 20%
since the May 2013 $150 million dividend, as well as its good
liquidity. Pro forma for the new $90 million dividend, debt/EBITDA
will be around 6.4 times, which though an increase of one quarter
turn based on LTM November earnings, is well below the 7.2 times
that resulted from the prior dividend. The B2 Corporate Family
Rating is further supported by the company's solid management
team, which has executed a meaningful turnaround strategy over the
past two years highlighted by strong same store sales growth and
development of an omni-channel model through robust e-commerce
growth. Other key rating drivers remain the company's still-high
leverage, weak operating margins, and the potential for additional
debt-financed equity distributions.

The outlook change to stable from negative reflects Charlotte
Russe's prospects for improving both its operating performance and
quantitative credit profile over the next 12-18 months. While the
recent pace of double-digit same store sales is likely
unsustainable, Moody's believes that even at a lower rate of same
store sales growth, in conjunction with the company's measured
store growth plans and continued e-commerce penetration,
debt/EBITDA could reduce to around 6 times within the next 12-18
months. While the company's ability to convert a meaningful
portion of EBITDA into free cash flow could drive more permanent
leverage improvement through reductions in absolute debt levels,
the prospect for additional debt-financed dividends is very real.

The B2 rating assigned to the $50 million add-on term loan
reflects its 2nd lien position on the company's accounts
receivable and inventory (ranking junior to the $60 million
unrated asset-based revolver) and its first lien on substantially
all other assets of the borrower. The add-on ranks pari passu and
carries all of the structural features of the existing term loan..

In view of the company's high leverage and recent track record of
debt financed dividends that are resulting in leverage above 6
times, a ratings upgrade is unlikely. Over time, ratings could be
upgraded if there were an expectation for debt/EBITDA to remain in
the 5 times range.

Ratings could be downgraded if financial policies were to turn
more aggressive, or if operating performance deteriorated such
that debt/EBITDA were expected to remain above 6.5 times or
EBITDA-Cap Ex to interest was sustained below 1.2 times.

The principal methodology used in this rating was the Global
Retail Industry published in June 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.

Headquartered in San Francisco, California, Charlotte Russe is a
specialty apparel and footwear retailer that operates over 500
stores.


COMMUNICATION INTELLIGENCE: Sells Units Worth $780,000
------------------------------------------------------
Communication Intelligence Corporation entered into subscription
agreements with certain investors on Feb. 7, 2014.  Under the
terms of the Subscription Agreements, the Investors purchased an
aggregate of 259,996 Units at a purchase price of $3.00 per Unit
for an aggregate purchase price of approximately $780,000.  Each
Unit consists of two (2) shares of the Company's Series D-1
Preferred Stock and one (1) share of Series D-2 Preferred Stock.

The Series D-1 Preferred Stock and Series D-2 Preferred Stock are
identical in rights, preferences, and privileges, except for their
conversion price to Common Stock.  Shares of Series D-1 Preferred
Stock are convertible into shares of Common Stock at an initial
conversion price of $0.0225 per share (subject to adjustment).
Shares of Series D-2 Preferred Stock are convertible into shares
of Common Stock at an initial conversion price of $0.05 per share
(subject to adjustment).

The Investors were also issued warrants to purchase approximately
7.091 million shares of Common Stock at the time of the funding of
their investment.  These warrants are exercisable for a period of
three years and have an exercise price of $0.0275 per share.  In
addition to the warrants issued at closing, the Subscription
Agreements entitle Investors to receive warrants to purchase up to
an additional 21.273 million shares of Common Stock based on
whether the Company attains certain revenue targets in 2014, as
described therein.  Any additional warrants will be exercisable
until Dec. 31, 2016, and will have an exercise price of $0.0275
per share.

The Company had previously raised $2.089 million in December 2013,
including conversion of $1.15 million in principal of outstanding
indebtedness, through the issuance of Units and warrants.

                About Communication Intelligence

Redwood Shores, California-based Communication Intelligence
Corporation is a supplier of electronic signature products and the
recognized leader in biometric signature verification.

Communication Intelligence incurred a net loss attributable to
common stockholders of $6.11 million in 2012 following a net loss
attributable to common stockholders of $6.66 million in 2011.
The Company's balance sheet at March 31, 2013, showed $1.98
million in total assets, $1.50 million in total liabilities and
$486,000 in total stockholders' equity.

PMB Helin Donovan, LLP, in San Francisco, CA, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company's significant recurring losses and accumulated
deficit raise substantial doubt about its ability to continue as a
going concern.


COMSTOCK MINING: Van Den Berg Held 15.3% Equity Stake at Dec. 31
----------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Van Den Berg Management, Inc., disclosed that
as of Dec. 31, 2013, it beneficially owned 10,434,025 shares of
common stock of Comstock Mining Inc. representing 15.35 percent of
the shares outstanding.  Van Den Berg previously reported
beneficial ownership of 6,943,681 common shares as of June 30,
2013.  A copy of the regulatory filing is available at:

                        http://is.gd/tD3NmX

                       About Comstock Mining

Virginia City, Nev.-based Comstock Mining Inc. is a Nevada-based,
gold and silver mining company with extensive, contiguous property
in the historic Comstock district.  The Company began acquiring
properties in the Comstock in 2003.  Since then, the Company has
consolidated a substantial portion of the Comstock district,
secured permits, built an infrastructure and brought the
exploration project into test mining production.  The Company
continues acquiring additional properties in the Comstock
district, expanding its footprint and creating opportunities for
exploration and mining.  The goal of the Company's strategic plan
is to deliver stockholder value by validating qualified resources
(measured and indicated) and reserves (probable and proven) of
3,250,000 gold equivalent ounces by 2013, and commencing
commercial mining and processing operations by 2011, with annual
production rates of 20,000 gold equivalent ounces.

Comstock Mining incurred a net loss of $30.76 million in 2012, a
net loss of $11.60 million in 2011 and a net loss of $60.32
million in 2010.  The Company's balance sheet at Sept. 30,
2013, showed $46.49 million in total assets, $24.78 million in
total liabilities and $21.70 million in total stockholders'
equity.


CRYOPORT INC: Incurs $1.8 Million Net Loss in Dec. 31 Quarter
-------------------------------------------------------------
Cryoport, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.84 million on $757,327 of net revenues for the three months
ended Dec. 31, 2013, as compared with a net loss of $1.56 million
on $307,153 of net revenues for the same period last year.

For the nine months ended Dec. 31, 2013, the Company reported a
net loss of $18.12 million on $1.82 million of net revenues as
compared with a net loss of $4.66 million on $732,049 of net
revenues for the same period during the prior year.

As of Dec. 31, 2013, the Company had $1.65 million in total
assets, $3.05 million in total liabilities and a $1.40 million
total stockholders' deficit.

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

                         http://is.gd/F8oyux

                            About Cryoport

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

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

Cryoport incurred a net loss of $6.38 million for the year ended
March 31, 2013, as compared with a net loss of $7.83 million for
the year ended March 31, 2012.


DARA BIOSCIENCES: HORNE LLP Raises Going Concern Doubt
------------------------------------------------------
DARA BioSciences, Inc., filed with the U.S. Securities and
Exchange Commission on Feb. 4, 2013, its annual report on Form 10-
K for the year ended Dec. 31, 2013.

HORNE LLP expressed substantial doubt about the Company's ability
to continue as a going concern, citing that the Company has
incurred significant net losses and has had negative cash flows
from operations during each period from inception through Dec. 31,
2013.

The Company reported a consolidated net loss of $10.37 million on
$419,322 of net revenues in 2013, compared with a net loss of
$7.74 million on $53,629 of net revenues in 2012.

The Company's balance sheet at Dec. 31, 2013, showed $7.99 million
in total assets, $2.43 million in total liabilities, and
stockholders' equity of $5.56 million.

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

                       http://is.gd/9RYE2k

                   About DARA BioSciences, Inc.

Headquartered in Raleigh, North Carolina, DARA BioSciences Inc. --
http://www.darabio.com-- is an oncology supportive care
pharmaceutical company dedicated to providing healthcare
professionals a synergistic portfolio of medicines to help cancer
patients adhere to their therapy and manage side effects arising
from their cancer treatments.


DEERFIELD RETIREMENT: Dorsey & Whitney Okayed as Bankr. Counsel
---------------------------------------------------------------
The Bankruptcy Court, according to Deerfield Retirement Community,
Inc.'s case docket authorized the Debtor to employ Dorsey &
Whitney, LLP, as bankruptcy counsel effective as of the
commencement of the case.

As reported in the Troubled Company Reporter on Jan. 16, 2014, the
retention will cover all matters relating to the Debtor's Chapter
11 case, and will also include other legal services necessary to
the Debtor's continuing operations.

Compensation will be payable to Dorsey on an hourly basis, plus
reimbursement of actual and necessary expenses incurred by Dorsey.
The Dorsey attorneys that are likely to represent the Debtor in
the case have current standard hourly rates ranging between $270
and $495. The paralegals that likely will assist the attorneys who
will represent the Debtor have current standard hourly rates of
$245. These rates are subject to periodic adjustments.

The Debtor has paid Dorsey a retainer in the amount of $75,000 in
connection with Dorsey's proposed representation of the Debtor in
the Chapter 11 case.

Dorsey has served as the Debtor's general counsel since at least
October 2012.

Steven J. Heim, a partner at the firm, attested that Dorsey is a
"disinterested person" as that term is defined in Section
101(14) of the Bankruptcy Code, as modified by Section 1107(b).

               About Deerfield Retirement Community

Deerfield Retirement Community, Inc., a nonprofit that owns a life
care retirement community known as "Deerfield Retirement
Community" located in Urbandale, Iowa.  The facility is comprised
of 32 townhomes and 138 independent living apartments, common
areas, a residential care facility with 24 residential care living
units, and a health center with 30 skilled nursing care beds.
Lifespace Communities, Inc., is the sole member and provides
management services in exchange for a 5% share on revenues.

Deerfield filed a Chapter 11 bankruptcy protection (Bankr. D. Iowa
Case No. 14-00052) in Des Moines, Iowa on Jan. 10, 2014, with a
prepackaged plan that offers to return 69% to bondholders.

In its schedules, the Debtor listed $27.65 million in total assets
and $69.01 million in debt as of the bankruptcy filing.  As of
the Petition Date, secured bonds are outstanding in the principal
amounts of $37,715,000 (Series 2007A Bonds) and $3,210,000 (Series
2007B Bonds).  The Debtor also owes Lifespace Communities, Inc.,
$18.5 million under a subordinated agreement and a support
agreement.

Attorneys at Dorsey & Whitney LLP serve as counsel to the Debtor.
North Shores Consulting Inc. is the financial advisor.


DIOCESE OF HELENA: Diocese, Trustee Ink Deal on Cash Mgt. System
----------------------------------------------------------------
The Roman Catholic Bishop of Helena inked an agreement with the
U.S. trustee authorizing the continued use of its cash management
system.

Under the deal, the Helena diocese is allowed to continue to use
five of its general operating accounts, four deposit and loan
fund accounts, four Guatemalan Mission accounts and two endowment
fund accounts in Helena, Montana.  The agreement also allows the
diocese to use its three Annuity Funds investment accounts.

The accounts will be collateralized pursuant to the requirements
set by the Federal Deposit Insurance Corp. and the Office of the
U.S. Trustee.

The diocese doesn't need to open new debtor-in-possession
accounts and is allowed to use its existing bank accounts as well
as its business forms, according to the agreement which was
approved on Feb. 10 by U.S. Bankruptcy Judge Terry Myers.  The
agreement can be accessed for free at http://is.gd/rAP5et

                    About the Diocese of Helena

The Roman Catholic Bishop of Helena, Montana, a Montana Religious
Corporation Sole (a/k/a Diocese of Helena) sought protection
under Chapter 11 of the Bankruptcy Code on Jan. 31, 2014, to
resolve more than 350 sexual-abuse claims.  The Chapter 11 case
(Bankr. D. Mont. Case No. 14-60074) was filed in Butte, Montana.

Attorneys at Elsaesser Jarzabek Anderson Elliott & MacDonald,
Chtd., serve as counsel to the Debtor.

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.

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


DIOCESE OF HELENA: Files Schedules of Assets and Debts
------------------------------------------------------
The Roman Catholic Bishop of Helena filed its schedules of assets
and liabilities, which show assets with a value of more than
$16.037 million against debt totaling $33.6 million.  The filings
also show that the diocese has $4.7 million in secured debt.
Creditors of the diocese assert $28.89 million in unsecured
non-priority claims.

Meanwhile, liabilities for clergy abuse are listed as "unknown."
The diocese's schedules of assets and liabilities can be accessed
for free at:

   http://bankrupt.com/misc/Church_helenasals1.pdf
   http://bankrupt.com/misc/Church_helenasals2.pdf

In a separate filing, the diocese disclosed that it earned more
than $5.4 million from its business for the past 12 months.

The diocese also said its estimated average future gross monthly
income is $419,541 while its estimated future monthly expenses is
$418,760.  The court filing can be accessed for free at
http://is.gd/t1tpl5


                    About the Diocese of Helena

The Roman Catholic Bishop of Helena, Montana, a Montana Religious
Corporation Sole (a/k/a Diocese of Helena) sought protection
under Chapter 11 of the Bankruptcy Code on Jan. 31, 2014, to
resolve more than 350 sexual-abuse claims.  The Chapter 11 case
(Bankr. D. Mont. Case No. 14-60074) was filed in Butte, Montana.

Attorneys at Elsaesser Jarzabek Anderson Elliott & MacDonald,
Chtd., serve as counsel to the Debtor.

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.

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


DIOCESE OF HELENA: Files Statement of Financial Affairs
-------------------------------------------------------
The Roman Catholic Bishop of Helena disclosed in a court filing
that it earned more than $6.2 million in 2012 and more than
$5.4 million in 2013.

The diocese earned its income from gifts, bequests and
contributions by parishes, missions and other organizations,
according to the filing.

Within 90 days immediately preceding the filing of its bankruptcy
case, the diocese paid $82,546 to First Interstate Bank, $48,000
to Ravalli County Bank, and $53,489 to Foundation for the Diocese
of Helena.

The diocese also made payments to Bishop George Leo Thomas and
three others within one year prior to its bankruptcy filing.

   Names                       Date of Payment   Amount Paid
   -----                       ---------------   -----------
   George Leo Thomas              2013-2014          $77,396
   Bishop and Sole Officer      Annual Salary
                                and Benefits

   Jim Carney
   Financial Services Director    2013-2014         $114,769
                                Annual Salary
                                and Benefits

   John Robertson               2013-2014            $37,553
   Clergy                       Annual Salary
                                and Benefits

   Rita McGinnis                2013-2014            $64,689
   Clergy                       Annual Salary
                                and Benefits

Meanwhile, the diocese paid $85,039 to Idaho-based Elsaesser
Jarzabek Anderson related to debt counseling or bankruptcy.

The diocese is involved in four separate civil cases filed before
the Montana First Judicial District Court.  One of these cases
was filed by Travelers Casualty and Surety Co., according to the
filing.

The diocese listed the following bookkeepers and accountants who
within two years before it filed for bankruptcy protection kept
or supervised the keeping of books of account and records:

   Names                   Dates Services Rendered
   -----                   -----------------------
   Michelle Bernt            10/2011 - 01/31/14
   P.O. Box 1332
   Boulder, MT 59632

   Jim Carney                02/2013 - present
   515 North Ewing
   Helena, MT 59601

   Mary Ann Gorsich          11/2007 - present
   7 Abeja Court
   East Helena, MT 59635

   Neil Hart                 08/2007 - present
   P.O. Box 1026
   Helena, MT 59624

   Lisa Holshue              09/2013 - 12/2013
   5626 Quartz Court
   Helena, MT 59602

   Wenruizi Koch             05/2013 - present
   15 East 14th Street
   Helena, MT 59601

   Cathi Nelson              08/2000 - 01/31/14
   3044 Canary Drive
   East Helena, MT 59635

   Pete McNamee              04/2008 - 03/2013
   552 Diehl Drive
   Helena, MT 59601

   Jim Stephens              12/2008 - 01/2013
   32527 Snyder Hill Lane
   Ronan, MT 59864

Meanwhile, Helena-based Anderson Zurmuehlen audited the books of
account and records of the diocese within two years immediately
preceding the filing of its bankruptcy case.

Galusha Higgins & Galusha, which is also based in Helena, is
currently under contract to assist with backlog and audit
preparation for fiscal years ending June 2012 and June 2013,
according to the filing.  The court filing can be accessed for
free at http://is.gd/3pjwnA

                    About the Diocese of Helena

The Roman Catholic Bishop of Helena, Montana, a Montana Religious
Corporation Sole (a/k/a Diocese of Helena) sought protection
under Chapter 11 of the Bankruptcy Code on Jan. 31, 2014, to
resolve more than 350 sexual-abuse claims.  The Chapter 11 case
(Bankr. D. Mont. Case No. 14-60074) was filed in Butte, Montana.

Attorneys at Elsaesser Jarzabek Anderson Elliott & MacDonald,
Chtd., serve as counsel to the Debtor.

The diocese scheduled assets of more than $16.037 million against
debt totaling $33.6 million.  The filings also show that the
diocese has $4.7 million in secured debt. Creditors of the diocese
assert $28.89 million in unsecured non-priority claims.

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.

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


DIOCESE OF STOCKTON: Seeks Approval of Blue Shield Agreement
------------------------------------------------------------
The Roman Catholic Bishop of Stockton has filed a motion seeking
court approval to enter into an agreement with Blue Shield of
California.

Blue Shield provides third-party administrative services for the
medical and prescription benefits under the diocese's health plan
for its employees as well as employees of the parishes, Catholic
schools and various other separately incorporated Catholic-based
entities which operate in the diocese.

Under the deal, the diocese will be required to remit to Blue
Shield $220,000 from the bank account, which holds the pooled
reserves from the premiums paid by the diocese and those Catholic
entities for the health plan.  The money will be held as a
deposit to assure future performance under its contract with Blue
Shield.

The diocese will also ensure that the balance on deposit in the
bank account from which Blue Shield withdraws funds once a week
to pay claims under the health plan won't fall below $130,000.

Blue Shield will retain all ACH (automatic debit) privileges and
rights with respect to that account, according to the terms of
the agreement.  The agreement can be accessed for free at
http://is.gd/oVdBnR

Blue Shield is represented by:

     Michael B. Reynolds, Esq.
     Brett H. Ramsaur, Esq.
     SNELL & WILMER L.L.P.
     600 Anton Blvd, Suite 1400
     Costa Mesa, CA 92626-7689
     Tel: (714) 427-7000
     Fax: (714) 427-7799
     Email: mreynolds@swlaw.com
            bramsaur@swlaw.com

                     About Diocese of Stockton

The Diocese of Stockton, California was established on Feb. 21,
1962, by Pope John XXIII from the 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)


DIOCESE OF STOCKTON: Wins Approval for Felderstein as Counsel
-------------------------------------------------------------
The Roman Catholic Bishop of Stockton received the green light
from the U.S. Bankruptcy Court for the Eastern District of
California 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.                      $595
   Donald Fitzgerald, Esq.                       $475
   Thomas Willoughby, Esq.                       $475
   Paul Pascuzzi, Esq.                           $450
   Jason Rios, Esq.                              $385
   Jennifer Niemann, Esq.                        $350
   Holly Estioko, Esq.                           $325
   Karen Widder                                  $195

                     About Diocese of Stockton

The Diocese of Stockton, California was established on Feb. 21,
1962, by Pope John XXIII from the 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)


DIOCESE OF STOCKTON: Neumiller Approved as Special Counsel
----------------------------------------------------------
The Roman Catholic Bishop of Stockton won court approval to hire
Neumiller & Beardslee as its special counsel.

Neumiller will represent the Stockton diocese in lawsuits,
including defending the diocese against allegations of child sex
abuse.  It will also provide legal advice on insurance-related
issues and will assist the diocese's lead legal counsel in the
course of its restructuring.

The firm's lawyers who are expected to represent the diocese are:

                                       Discounted       Standard
   Professionals          Title      Hourly Rates   Hourly Rates
   -------------          -----      ------------   ------------
   Clifford Stevens       Principal      $230           $325
   Saroya Leonardini      Principal      $230           $315
   Paul Balestracci       Principal      $230           $335
   Daniel Truax           Principal      $230           $325
   Lisa Jimenez           Principal      $230           $295
   Michael Tener          Associate      $230           $265
   Melissa Giannecchini   Associate      $230           $250
   Christopher Greene     Of counsel     $230           $335

                     About Diocese of Stockton

The Diocese of Stockton, California was established on Feb. 21,
1962, by Pope John XXIII from the 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)


DIOCESE OF STOCKTON: Wins OK for Greeley as Consultant
------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of California
approved the amended application filed by the Roman Catholic
Bishop of Stockton to employ Greeley Asset Services, LLC, as its
financial consultant.

The court order dated Feb. 7 requires all Greeley personnel who
provide services to or on behalf of the diocese to keep records
of services they have performed.

In case Greeley avails the services of independent contractors,
the firm is allowed to pass-through the cost of those contractors
to the diocese at the same rate that it pays the contractors and
to seek reimbursement for actual costs only.  The firm is
required to ensure that the contractors are subject to "conflict
checks" and file a disclosure affidavit.

Greeley is not entitled to reimbursement of attorney fees and
expenses other than in connection with indemnification, according
to the court order.

                     About Diocese of Stockton

The Diocese of Stockton, California was established on Feb. 21,
1962, by Pope John XXIII from the 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)


DOMINIQUE H.S. ROSA: Redding Property to Be Auctioned Off April 1
-----------------------------------------------------------------
The United States Bankruptcy Court for the District of Connecticut
on Feb. 7, 2014, entered an Order setting forth procedures in
connection with the sale of the property owned by Dominique H.S.
Rosa (Bankr. D. Conn. Case No. 11-52146 (AHWS)), and located at
308 Redding Road, Redding, Connecticut.

Pursuant to the Procedures Order, an Auction for the sale of the
Property will be held on April 1, 2014 at 2:00 p.m., at the
Bankruptcy Court, 915 Lafayette Boulevard, Bridgeport,
Connecticut.

The Debtor will make the Property available for the inspection on
March 23, 2014 and March 30, 2014 at 12:00 p.m.  All bids must be
sealed and submitted to the undersigned counsel on or before 5:00
p.m. eastern on March 31, 2014.

Immediately following the conclusion of the Auction, a hearing
will be held to authorize and approve the Sale to the successful
bidder, free and clear of all liens, claims, and interests, and to
approve the winning bid at the Auction. Interested parties should
contact the Debtor's counsel to obtain the complete bidding
procedures set forth in the Procedures Order.

The Debtor's counsel may be reached at:

         Douglas S. Skalka, Esq.
         NEUBERT, PEPE & MONTEITH, P.C.
         195 Church Street
         New Haven, CT 06510
         Tel: (203) 821-2000
         E-mail: dskalka@npmlaw.com


DUKE REALTY: Fitch Raises Preferred Stock Rating to 'BB+'
---------------------------------------------------------
Fitch Ratings has upgraded the credit ratings of Duke Realty
Corporation (NYSE: DRE) and its operating partnership, Duke Realty
Limited Partnership (collectively, Duke, or the company) as
follows:

Duke Realty Corporation

-- Issuer Default Rating (IDR) to 'BBB' from 'BBB-';
-- Preferred stock to 'BB+' from 'BB'.

Duke Realty Limited Partnership

-- IDR to 'BBB' from 'BBB-';
-- Senior unsecured line of credit to 'BBB' from 'BBB-';
-- Senior unsecured notes to 'BBB' from 'BBB-'.

Fitch has also assigned a 'BBB' rating to the company's $250
million senior unsecured term loan.

The Rating Outlook is Stable.

Key Rating Drivers

The ratings take into account Duke's large pool of diversified
industrial, office, and medical office properties, strong access
to various forms of capital, and adequate unencumbered asset
coverage of unsecured debt. These credit strengths are tempered by
a modest pro forma liquidity surplus over the next several years
and execution risk tied to asset sales in the near term.

Asset Sales Improve Credit Profile

Duke sold $877 million of properties during 2013 at a 6.8% in-
place cap rate. The transactions furthered previous portfolio
repositioning consistent with a 60%, 25%, 15% mix of bulk
industrial, suburban office, and medical office building (MOB)
assets, respectively. More importantly, the dispositions
accelerated de-levering while strengthening the durability of the
company's cash flows. Fitch expects that the company will continue
to prune the portfolio via suburban office asset sales over the
next 12-24 months, further improving financial flexibility while
reducing exposure to more capital-intensive properties. However,
there is execution risk in this strategy given that occupancy in
markets such as St. Louis and Washington D.C. remains weak and may
pressure the company's ability to sell assets in Fitch's expected
8%-8.5% cap rate range.

Appropriate Leverage for Ratings

Leverage based on 4Q'13 recurring operating EBITDA was 6.6x at
Dec. 31, 2013 compared to 7.2x at Dec. 31, 2012 and 6.5x at Dec.
31, 2011 (leverage for 2012 and 2011 are pro forma for a January
2013 common equity issuance and late-2011 Blackstone suburban
office portfolio sale, respectively). Fitch expects that leverage
will stabilize around 6.5x, driven by approximately $440 million
of pre-leased development completions in the latter half of 2014
and a 60%/40% mix between equity and debt on future growth The
6.5x leverage is appropriate for a 'BBB' rated REIT focused
primarily on high-quality bulk industrial properties. Fitch
defines leverage as net debt-to-recurring operating EBITDA.

Adequate Fixed Charge Coverage

Fixed charge coverage (FCC) was 1.9x for the year ended 2013, an
increase from 1.6x and 1.5x during 2012 and 2011. Fitch expects
that FCC will exceed 2.0x over the next 12-24 months and sustain
in the low 2.0x range, driven by low single-digit same-store net
operating income (SSNOI) growth, accretive development
completions, and lower recurring capex given a reduced suburban
office footprint. Projected FCC is consistent with the 'BBB' IDR.
Fitch defines FCC as recurring operating EBITDA, less recurring
capital expenditures and straight-line rent adjustments, divided
by total interest incurred and preferred dividends.

Pre-Leasing Mitigates Development Risk

Duke's cost to complete its development pipeline has steadily
increased to 3.9% of gross assets at Dec. 31, 2013 from 0.7% in
2009. However, the risk profile of developments has declined
significantly, as 89% (compared to 47% in 2008 and 61% in 2009) of
the portfolio is pre-leased. Fitch expects the company to
emphasize pre-leased projects over the near term - a credit
positive - with a measured appetite for speculative development
depending on individual submarket fundamentals.

Improving Fundamentals

Duke's SSNOI increased 3.7% in 2013, with all three property types
growing in excess of 3%. In-service occupancy of 94.2% at Dec. 31,
2013 is the highest achieved in over 10 years and has facilitated
the company's ability to push rents. Renewal leasing spreads
increased 3.1% during 2013 compared to 1.5% in 2012 and (0.9%) in
2011, indicating improving pricing power across property types,
though suburban office rent growth remains muted. Strong operating
results have been somewhat mitigated by increased leasing capex in
suburban office renewals, where capex per square foot per lease
year has increased steadily to $2.26 in 2013 from $1.40 in 2009.

Adequate Financial Flexibility

Duke has no unsecured maturities until February 2015 and, on
average, only 11.3% of pro rata debt matures annually during the
next five years, indicating modest refinancing risk. The company's
liquidity profile is also adequate with total sources of liquidity
covering total uses by 1.0x for 2014-2016. When including Duke's
cost to complete the development pipeline, coverage weakens to
0.8x. Fitch expects asset sales and equity issuance under the
company's at-the-market (ATM) equity program will offset the
liquidity shortfall. Fitch defines liquidity coverage as sources
of liquidity divided by uses of liquidity. Sources of liquidity
include unrestricted cash, availability under the unsecured
revolving credit facility, and projected retained cash flow from
operating activities after dividends. Uses of liquidity include
pro rata debt maturities, expected recurring capital expenditures,
and remaining development costs.

DRE's liquidity profile is also supported by 2.1x pro forma
unencumbered asset coverage of unsecured debt assuming a stressed
8.25% cap rate, which is consistent with a 'BBB' rating.

Conservative Dividend Payout
Accretive growth and a flat per share dividend drove the company's
AFFO payout ratio lower to 74% in 2013 compared to 80% in 2012 and
84% in 2011. This leads to solid internally generated cash flow of
roughly $75 million annually that is available to service fixed
charges and fund external growth. Fitch expects the dividend to
increase moderately over the next 12-24 months given continued
accretive growth from development completions, improved
operational stability from the realigned portfolio, and fact that
the quarterly dividend has remained at $0.17/share since 2009,
which is inconsistent with peers. Nonetheless, Fitch expects the
AFFO payout ratio to remain in a prudent range.

Strong Access to Capital
Since 2006, Duke has raised on average $478 million of unsecured
bonds per annum at a 5.4% coupon, demonstrating strong access to
capital. The company has also raised $2 billion of common equity
and $535 million of preferred equity during that span. Duke's
established presence in the capital markets and underlying
liquidity in its securities is a credit positive that enhances
financial flexibility. Fitch notes that 29% of common equity
issuance during that span consisted of $575 million raised in 2009
at $7.65/share or 30% discount to consensus net asset value (NAV)
at the time. The severe dilution incurred by shareholders may
affect the company's willingness to issue well below NAV in the
future.

Stable Outlook
The Stable Rating Outlook is based on Fitch's expectation that
leverage will stabilize around 6.5x, that coverage will exceed
2.0x, and that the company will maintain adequate financial
flexibility over the near- to medium-term.

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

Rating Sensitivities

The following factors may have a positive impact on the ratings
and/or Rating Outlook:

-- Fitch's expectation of leverage sustaining below 6.0x (as of
   Dec. 31, 2013, leverage was 6.6x;

-- Fitch's expectation of FCC sustaining above 2.5x (LTM coverage
   was 1.9x).

The following factors may have a negative impact on the ratings
and/or Rating Outlook:

-- Fitch's expectation of leverage sustaining above 7.0x;
-- Fitch's expectation of FCC sustaining below 1.5x.


DYNASIL CORP: Stockholders Elect Seven Directors
------------------------------------------------
Dynasil Corporation of America held its annual meeting of
stockholders on Feb. 13, 2014, at which the stockholders:

   (1) elected Craig T. Dunham, Lawrence Fox, William Hagan,
       Michael Joyner, David Kronfeld, Alan Levine and Peter
       Sulick as directors to serve until the next Annual Meeting
       of Shareholders and until their successors are duly
       elected and qualified; and

   (2) ratified the appointment of McGladrey LLP as the Company's
       independent registered public accounting firm for the
       fiscal year ending Sept. 30, 2014.

                           About Dynasil

Watertown, Mass.-based Dynasil Corporation of America (NASDAQ:
DYSL) -- http://www.dynasil.com/-- develops and manufactures
detection and analysis technology, precision instruments and
optical components for the homeland security, medical and
industrial markets.

As of Sept. 30, 2013, the Dynasil had $26.67 million in total
assets, $16.03 million in total liabilities and $10.64 million in
total stockholders' equity.  The Company incurred a net loss of
$8.72 million for the year ended Sept. 30, 2013, as compared with
a net loss of $4.30 million for the year ended Sept. 30, 2012.

                Going Concern/Bankruptcy Warning

McGladrey LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Sept. 30, 2013.  The independent auditors noted that
the Company is in default with the financial covenants set forth
in the terms of its outstanding loan agreements (and may enter
into a forbearance arrangement with its lenders) and has sustained
substantial losses from operations for the years ended Sept. 30,
2013 and 2012.  These factors, among others, raise substantial
doubt about the Company's ability to continue as a going concern.

"If our lenders were to accelerate our debt payments, our assets
may not be sufficient to fully repay the debt and we may not be
able to obtain capital from other sources at favorable terms or at
all.  If additional funding is required, this funding may not be
available on favorable terms, if at all, or without potentially
very substantial dilution to our stockholders.  If we do not raise
the necessary funds, we may need to curtail or cease our
operations, sell certain assets and/or file for bankruptcy, which
would have a material adverse effect on our financial condition
and results of operations," the Company said in its annual report
for the year ended Sept. 30, 2013.


E.H. MITCHELL: Obtains Approval to File Exit Plan Until May 7
-------------------------------------------------------------
U.S. Bankruptcy Judge Jerry Brown extended the period of time
during which E. H. Mitchell & Company, L.L.C. alone holds the
right to file a plan to exit Chapter 11 protection.

The bankruptcy judge extended the company's exclusive right to
submit a plan in court and to solicit votes on the plan to May 7.

E. H. Mitchell had said it needed more time to resolve issues
involved in a lawsuit captioned Laurent v. E. H. Mitchell &
Company, L. L. C., in order to be in the proper procedural posture
to file its plan.  These issues include the entitlement of the
plaintiff to additional legal fees, and the nature, extent,
priority and validity of a claimed lien.

No trial date has yet been set for the Laurent case.

                 About E. H. Mitchell & Company LLC

E. H. Mitchell & Company LLC sought protection under Chapter 11 of
the Bankruptcy Code on Oct. 8, 2013, (Case No. 13-12786, Bankr.
E.D. La.).  The case is assigned to Judge Jerry A. Brown.

The Debtor is represented by Robert L. Marrero, Esq., at Robert
Marrero, LLC, in New Orleans, Louisiana. The Debtor disclosed
$300,027,297 in assets and $1,281,148 in liabilities.

The petition was signed by Michael Furr, secretary/member.

Henry G. Hobbs, Jr., Acting United States Trustee for Region 5,
has appointed three members to the official committee of unsecured
creditors.


ECO BUILDING: Amends Supplier Buying Agreement with Home Depot
--------------------------------------------------------------
Eco Building Products, Inc., entered into a second amendment to
supplement the terms in the most recent Supplier Buying Agreement
with The Home Depot.  Prior to this Amendment, the Company and
Home Depot agreed to an initial 90 day pilot test to sell the
Company's products in 10 Home Depot retail stores located in the
Northeast United States.

Pursuant to this Amendment, the Company and Home Depot agreed to
expand the sale of the Company's products from 10 stores in the
Initial Pilot to 104 Home Depot retail stores located in the
Northeast United States.  Moreover, unlike the Initial Pilot, the
Second Pilot is not limited to 90 days, but is for an indefinite
period.  In Connection with the Amendment, Home Depot will have
the exclusive right in the United States and its territories and
possessions to sell the Company's products.

A copy of the Amendment #2 to the Home Depot Supplier Buying
Agreement is available for free at http://is.gd/80GPbS

                         About Eco Building

Vista, Calif.-based Eco Building Products is a manufacturer of
proprietary wood products treated with an eco-friendly proprietary
chemistry that protects against mold, rot, decay, termites and
fire.

Eco Building incurred a net loss of $24.59 million on $5.22
million of total revenue for the year ended June 30, 2013, as
compared with a net loss of $11.17 million on $3.72 million of
total revenue during the prior year.

The Company's balance sheet at Sept. 30, 2013, showed $2.12
million in total assets, $18.65 million in total liabilities and a
$16.52 million total stockholders' deficit.

Sam Kan & Company, in Alameda, California, 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 generated minimal operating revenues, losses
from operations, significant cash used in operating activities and
its viability is dependent upon its ability to obtain future
financing and successful operations.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


EDGENET INC: Gets Court Nod to Honor Employee Wage Obligations
--------------------------------------------------------------
Judge Brendan L. Shannon entered a final order permitting Edgenet,
Inc., at al., to pay prepetition wages, other compensation and
reimbursable employee expenses and continue employee benefit
programs.

The Debtors may pay, in the ordinary course of business, the
interim amounts owed to their employees up to a cap of $108,500.
The Cap includes up to $35,000 in unpaid wages and up to $50,000
in reimbursable expenses.

                         About Edgenet Inc.

Edgenet, Inc., and Edgenet Holding Corp. are providers of cloud-
based content and applications that enable companies to sell more
products and services with greater ease across multiple channels
and devices.  Edgenet has three business locations: Waukesha, WI,
Brentwood, TN, and its main office in Atlanta, GA.  The Company
has 80 employees.

Edgenet Inc. and Edgenet Holding filed for Chapter 11 bankruptcy
protection in Delaware (Lead Case No. 14-10066) on Jan. 14, 2014.

Edgenet Inc. estimated assets of at least $10 million and
liabilities of $100 million to $500 million.

Raymond Howard Lemisch, Esq., at Klehr Harrison Harvey Branzburg
LLP, in Wilmington, Delaware, serves as counsel to the Debtors;
Glass Ratner Advisory & Capital Group LLC is the financial
advisor; JMP Securities, LLC, is the investment banker, and Phase
Eleven Consultants, LLC, is the claims and noticing agent.

The U.S. Trustee has been unable to appoint an official unsecured
creditors committee as no sufficient interest has been generated
from creditors.


EDDIE BAUER: Judge Expedites Men's Lawsuit Over Jos. A. Bank Deal
-----------------------------------------------------------------
Rachel Abrams, writing for The New York Times' DealBook, reported
that a Delaware judge expedited Men's Wearhouse's lawsuit against
its smaller rival, Jos. A. Bank, in an ugly takeover battle
between the men's suit retailers that is playing out in court.

The report related that Men's Wearhouse sued to block Jos. A.
Bank's proposed acquisition of the clothing retailer Eddie Bauer
for $825 million.  The acquisition was seen as a defensive measure
to protect Jos. A. Bank from its unwanted suitor.

The judge, J. Travis Laster, did not block the Eddie Bauer deal,
but he did order Jos. A. Bank to quickly submit documents relating
to the acquisition, the report further related.  The judge said he
decided to expedite the lawsuit in part because the Eddie Bauer
deal was likely a defensive maneuver.

"The allegations of the complaint, taken as a whole, create a
colorable basis to believe that the features of the Eddie Bauer
transaction are such that in their totality they may well fall
outside the range of reasonableness," Judge Laster said, according
to a court transcript, the report cited.

The judge also ordered Jos. A. Bank to give Men's Wearhouse 10
days notice before closing a deal with Eddie Bauer, although the
expedited lawsuit fuels Men's Wearhouse's legal efforts to block
the deal, the report said.  The judge is scheduled to make a final
decision March 25.

                        About Eddie Bauer

Eddie Bauer -- http://www.eddiebauer.com/-- is a specialty
retailer that sells outerwear, apparel and accessories for the
active outdoor lifestyle.  Eddie Bauer participates in a joint
venture in Japan and has licensing agreements across a variety of
product categories.

Eddie Bauer, founded in Bellevue, Wash., in 1920, was acquired by
General Mills Inc. in 1971 and then sold to catalog retailer
Spiegel Inc. in 1988.  Eddie Bauer Inc. emerged from Spiegel's
2003 Chapter 11 case as a separate, reorganized entity under the
control and ownership of Eddie Bauer Holdings, Inc.

Eddie Bauer Holdings, Inc. (now known as EBHI Holdings, Inc.) and
eight affiliates filed for bankruptcy (Bankr. D. Del. Lead Case
No. 09-12099) on June 17, 2009.  Judge Mary F. Walrath presides
over the case.  David S. Heller, Esq., Josef S. Athanas, Esq., and
Heather L. Fowler, Esq., at Latham & Watkins LLP, serve as the
Debtors' general counsel.  Kara Hammond Coyle, Esq., and Michael
R. Nestor, Esq., at Young Conaway Stargatt & Taylor LLP, serve as
local counsel.  The Debtors' restructuring advisors are Alvarez
and Marsal North America LLC.  Their financial advisors are Peter
J. Solomon Company.  Kurtzman Carson Consultants LLC acts as
claims and notice agent.  As of April 4, 2009, Eddie Bauer had
$525,224,000 in total assets and $448,907,000 in total
liabilities.

Eddie Bauer Canada, Inc., and Eddie Bauer Customer Services filed
for protection from their creditors in Canada on June 17, 2009,
the same day the U.S. Debtors filed for creditor protection.  The
Canadian Debtors have obtained an initial order of the Canadian
Court staying the proceedings against the Canadian Debtors and
their property in Canada.  RSM Richter Inc. was appointed as
monitor in the Canadian proceedings.

On Aug. 4, 2009, Golden Gate Capital closed a deal to acquire
Eddie Bauer Holdings for $286 million.  Golden Gate will maintain
the substantial majority of Eddie Bauer's stores and employees in
a newly formed going concern company.  Golden Gate beat an
affiliate of CCMP Capital Advisors, LLC, at the auction.  The CCMP
unit's $202 million cash offer served as stalking horse bid.

Golden Gate Capital -- http://www.goldengatecap.com/-- is a San
Francisco-based private equity investment firm with roughly
$9 billion of assets under management.

The Troubled Company Reporter, on Feb. 17, 2014, reported that
Jos. A. Bank Clothiers Inc. said it agreed to buy retailer Eddie
Bauer for $825 million in cash and stock.


EDWIN D. POPE: Stake in DGE Hermitage to Be Auctioned Off March 18
------------------------------------------------------------------
The Chapter 7 Trustee for the estate of Edwin D. Pope and Bonnie
J. Pope, (Bankr. W.D. Pa. Case No. 13-22267-CMB) has filed a
motion to sell Edwin D. Pope's interest in DGE Hermitage LLC and
DGE Hermitage LP to Donald M. Carlson, 106 18th Street,
Pittsburgh, Pennsylvania 15203, free and clear of liens, for
$20,000.

An Order has been issued setting deadlines for objections to the
sale of the property and for the date of the hearing on the sale.
On or before March 5, 2014, any objections must be filed with the
U.S. Bankruptcy Court, 5414 U.S. Steel Tower, 600 Grant Street,
Pittsburgh, PA 15219, with a copy served on all interested
parties.  A hearing is scheduled for March 18, 2014 at 1:30 p.m.,
before Judge Carlota M. Bohm in Courtroom B, 54th Floor, U.S.
Steel Tower, 600 Grant Street, Pittsburgh, Pennsylvania 15219, at
which time higher/better offers will be considered and objections
to the sale will be heard.  Potential bidders must provide $2,000
as hand money in certified funds before placing a bid.

Arrangements for inspection prior to the sale hearing may be made
with:

         Jeffrey J. Sikirica
         Chapter 7 Trustee
         121 Northbrook Dr., Pine Township
         Gibsonia, PA 15044
         Tel: 724-625-2566
         Fax: 724-625-4611
         E-mail: TrusteeSikirica@consolidated.net


ENERGY FUTURE: Firm and Creditors Haven't Signed 'NDA'
------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported on Feb. 25 that a month before Energy Future Holdings
Corp. may be in technical default on secured debt, the Texas power
plant operator and creditors are yet to sign a non-disclosure
agreement allowing the sharing of confidential financial
information.

Meanwhile, the company has been in talks with lenders about
financing a Chapter 11 reorganization, the report related.

            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 TRANSFER: Fitch Affirms 'BB' Issuer Default Rating
---------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) for
Energy Transfer Partners, L.P. (ETP) and its affiliates, Sunoco,
Inc. (SUN) and Panhandle Eastern Pipe Line Co. LP (PEPL). Fitch
has also affirmed the IDR for Energy Transfer Equity, L.P. (ETE).
The Rating Outlooks are Stable.

Approximately $17.3 billion of outstanding long-term debt is
affected by today's action.

ETP is the indirect owner of 100% of SUN and PEPL. ETP also owns
the general partner (GP) and approximately 33.5 million limited
partner (LP) units in Sunoco Logistics Partners L.P. (SXL: IDR
'BBB' with a Stable Outlook). ETE currently owns the GP and
approximately 30.8 million ETP LP units and 50.2 million ETP Class
H units, which track the underlying economics of the GP and
incentive distributions of SXL. ETE also owns the GP interest and
26.3 million Regency Energy Partners LP (RGP; IDR 'BB' with a
Stable Outlook) LP units. On Feb. 19, 2014, ETE acquired Trunkline
LNG Company, LLC (TGNG) from ETP.

KEY RATING DRIVERS

Increased Scale and Diversity: Recently completed merger
transactions and asset sales have resulted in a larger, more
diversified, and generally stronger family of Energy Transfer
companies. On a consolidated basis, the percentage of
contractually supported fee-based margins has gradually increased.
For ETP, which provided more than 90% of ETE's 2013 cash flow,
commodity price exposure has been reduced. Also, ETE's and ETP's
organizational structures have been simplified.

Leverage Metrics Have Improved: ETP's adjusted consolidated
debt/EBITDA ended 2013 at approximately 4.3x, which is down from
4.6x in 2012. ETP is ramping down its aggressive capital expansion
program with many projects recently coming on line. Depending on
growth capital spending and funding strategies, ETP's adjusted
consolidated debt/EBITDA should range between 4.0x and 4.5x in
2015 and 2016. Also considered are ETP's structural subordination
to approximately $5.4 billion of subsidiary debt and uncertainties
resulting from potential future structural changes as management
attempts to further restructure the organization. A longer term
concern relates to the potential effect on pipeline system
utilization and related re-contracting risk resulting from
changing natural gas supply dynamics.

ETE's adjusted debt-EBITDA, which measures ETE parent company debt
against distributions it receives from its affiliates,
approximated 3.1x in 2013. Absent new debt financing, given
increasing affiliate distributions, leverage could approach 2.0x
by 2016. However, in December 2013, ETE's board authorized the
repurchase by ETE of up to $1 billion of its common units at its
discretion. Approximately $75 million of units have been
repurchased to date. Furthermore, ETE has committed to purchase
roughly $400 million of RGP common units in support of RGP's
upcoming acquisition of Eagle Rock Midstream assets. Fitch expects
ETE to use revolver drawdowns and issue new debt to fund these
purchases. Hence leverage will likely be maintained in the 3.0x to
4.0x range. A material weakening in leverage metrics beyond 4.5x
could result in a negative rating action.

In January 2014, Southern Union Company (SUG) was merged into
PEPL, with PEPL surviving the merger. PEPL assumed SUG's
outstanding debt obligations. Fitch expects PEPL's standalone pro
forma leverage to approximate 3.0x for 2013 and will likely range
between 3.0x and 3.5x for the next several years. Future PEPL debt
maturities are likely to be refinanced at ETP.

On Feb. 19, 2014, ETE and ETP completed the transfer of TLNG to
ETE in exchange for the redemption of $1 billion of ETP LP units
held by ETE. ETE also anticipates that the Lake Charles
Liquefaction project, currently being developed by ETE and ETP on
a 60/40 ownership basis will be contributed to TLNG at the closing
of project construction and related financing arrangements which
are anticipated in mid-2015. Management expects that the export
facility will be project-financed and its debt non-recourse to
ETE. Fitch views the transaction as credit neutral for ETE, ETP,
and PEPL.

Liquidity is Adequate: ETE has access to a $800 million secured
five-year revolving credit facility that matures in October 2018.
ETE's operating affiliates have significant operating flexibility
with adequate liquidity and the ability to fund their planned
growth with capital market transactions. Potential uses of the
revolver include: funding stock buybacks, future acquisitions, and
to initiate organic growth projects not financed at the MLPs. ETE
has no debt maturing until 2018. In Dec. 31, 2013, ETE's board
approved a two-for-one split of outstanding common units and a $1
billion common unit buyback program. The units will be repurchased
in the open market at ETE's discretion. Currently, $171 million is
drawn under the revolver which leaves $629 million available for
potential repurchases and other corporate purposes.

ETP has access to a $2.5 billion unsecured revolving credit
facility that matures on Oct. 27, 2017. The ETP revolver is also
used for liquidity at SUN and PEPL. At Dec. 31, 2013, $65 million
was drawn under the revolver and $93 million LOCs were
outstanding, providing $2.341 billion in net availability.

The ETE revolver and term loan have two financial covenants: a
maximum leverage ratio of 6.0 to 1.0; 7.0 to 1.0 during a
specified acquisition period and fixed charge coverage ratio of
1.5 to 1.0. ETE notes, term loan and credit facility are secured
by a first priority interest in all tangible and intangible assets
of ETE, including its ownership interests in ETP, RGP, and TLNG.
ETP's revolver has one financial covenant, a maximum leverage test
of 5.0x; 5.5x following acquisitions of $100 million or more.

RATING SENSITIVITIES:

Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

ETP

-- A material improvement in credit metrics with ETP adjusted
    leverage sustained at between 3.5x and 4.0x;

-- A lessening of consolidated company business risk as ETP
    acquires and expands fixed-fee operations.

PEPL

-- Improving PEPL credit metrics with sustainable leverage at
    3.25x to 3.75x;

-- Improving credit profile at ETP.

ETE

-- Parent company debt to EBITDA maintained below 1.5x;
-- Improving credit profiles at ETP and RGP.

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:

ETP

-- Weakening credit metrics with ETP adjusted leverage above
    5.0x;
-- Increasing commodity exposure.

PEPL

-- Weakening credit metrics with leverage above 5.0x;
-- Downgrade at ETP.

ETE

-- Increasing parent company leverage above 4.5x;
-- Weakening credit profiles at ETP and RGP.

The following ratings have been affirmed by Fitch with a Stable
Outlook:

Energy Transfer Equity, L.P.

-- IDR at 'BB';
-- Secured senior notes at BB+';
-- Secured term loan at 'BB+';
-- Secured revolving credit facility at 'BB+'.

Energy Transfer Partners, L.P.

-- IDR at 'BBB-';
-- Senior unsecured debt at 'BBB-';
-- Junior subordinated debt at 'BB'.

Panhandle Eastern Pipe Line Company, LP

-- IDR at 'BBB-';
-- Senior unsecured debt at 'BBB-';
-- Junior subordinated debt at 'BB'.

Sunoco, Inc. (ETP is co-obligor on Sunoco, Inc. debt, which is
listed under Energy Transfer Partners, L.P. on the Fitch web
site).

-- Senior unsecured notes at 'BBB-'.
  

EXCEL MARITIME: Disputed Claims to Be Resolved April 2014
---------------------------------------------------------
Bankruptcy Judge Robert D. Drain on Jan. 27, 2014, entered an
order confirming the Amended Joint Chapter 11 Plan of
Reorganization of Excel Maritime Carriers Ltd. and certain of its
affiliates.

The bankruptcy judge on Feb. 10 approved the Debtor's proposed
timetable for substantial consummation of the Plan:

    * Substantial Consummation.  The Debtors anticipate that the
      Effective Date and substantial consummation of the Plan
      would occur on or before February 14, 2014.

    * Distributions.  The Debtors anticipate completing the
      distributions required under the Plan on, or as soon as
      reasonably practicable after, the Effective Date.

    * Resolution of Claims.  The Debtors anticipate that they
      will object to or consensually resolve all Disputed Claims
      on or before April 16, 2014.

    * Resolution of Avoidance Actions.  The Debtors have not
      commenced and do not anticipate commencing any avoidance
      actions.

    * Resolution of Adversary Proceedings.  There is one
      adversary proceeding that has been filed in the Debtors'
      chapter 11 cases: The Official Committee of Unsecured
      Creditors of Excel Maritime Carriers Ltd., et al. v. Excel
      Maritime Carriers Ltd., Ivory Shipping Inc., and Seward &
      Kissel LLP, Adv. Proc. No. 13-08338. Pursuant to
      Section 5.5 of the Plan, the entry of the Confirmation
      Order constituted this Court's approval of a settlement of
      the Adversary Proceeding on the terms and conditions set
      forth in the Plan.  Upon the Effective Date, the Adversary
      Proceeding will be dismissed.

The effective date of the Plan, indeed, occurred Feb. 14, 2014,
according to a separate notice.

The restructuring reduced the prepetition debt of $920 million to
approximately $300 million.  Gabriel Panayotides, Chairman of the
Board, together with the other members of Excel's management team,
continues to lead the Company.

                       About Excel Maritime

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

The company blamed financial problems on low charter rates.

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

Excel Maritime filed a Chapter 11 petition (Bankr. S.D.N.Y. Case
No. 13-23060) on July 1, 2013, in New York after signing an
agreement where secured lenders owed $771 million support a
reorganization plan filed alongside the petition.  The Debtor
disclosed $35,642,525 in assets and $1,034,314,519 in liabilities
as of the Chapter 11 filing.

Excel, which sought bankruptcy with a number of affiliates, has
tapped Jay M. Goffman, Esq., Mark A. McDermott, Esq., Shana E.
Elberg, Esq., and Suzanne D.T. Lovett, Esq,. at Skadden, Arps,
Slate, Meagher & Flom LLP, as counsel; Miller Buckfire & Co. LLC,
as investment banker; and Global Maritime Partners Inc., as
financial advisor.

A five-member official committee of unsecured creditors was
appointed by the U.S. Trustee.  The Creditors' Committee is
represented by Michael S. Stamer, Esq., Sean E. O'Donnell, Esq.,
and Sunish Gulati, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
New York; and Sarah Link Schultz, Esq., at Akin Gump Strauss Hauer
& Feld LLP, in Dallas, Texas.  Jefferies LLC serves as the
Committee's investment banker.

John J. Monaghan, Esq., at Holland & Knight LLP, serves as counsel
to the Steering Committee.

Roberston Maritime Investors LLC is represented by Hugh Ray, Esq.,
at McKool Smith.  Oaktree Capital Management and certain of its
affiliates are represented by Alan W. Kornberg, Esq., and
Elizabeth R. McColm, Esq., at Paul Weiss Rifkind Wharton &
Garrison LLP.


EXIDE TECHNOLOGIES: Can Employ ERM as Environmental Consultant
--------------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware authorized Exide Technologies to employ ERM Consulting
& Engineering, Inc., as environmental consultant, nunc
pro tunc to Jan. 6, 2014.

ERM Consulting will provide environmental consulting services as
the Debtor deems appropriate and feasible in the course of the
Chapter 11 Case.  Among other things, the firm will:

   (a) provide technical support to the Debtor's chapter 11
       counsel, Skadden, Arps, Slate, Meagher & Flom LLP
       ("Skadden") to assist Skadden's rendering to Debtor legal
       advice concerning certain of its environmental liabilities
       in the Chapter 11 Case;

   (b) assess and evaluate potential environmental liabilities at
       certain sites to be identified by Skadden; and

   (c) prepare reports to be shared with third parties, assist in
       negotiations with governmental entities and other creditors
       and litigation services (including testimony) in the
       Chapter 11 Case, if needed.

Prior to the approval of the employment application, the Debtor
communicated with counsel for the Official Committee of Unsecured
Creditors, and in response to comments made by the Committee, the
Debtor has incorporated certain changes to ERM's rate schedule.
The changes provide that if ERM engages a subcontractor on behalf
of the Debtor, the expenses incurred, including the rental of
special equipment necessary for the work, will be billed as they
are incurred at cost plus 15%.

ERM Consulting will be paid at these hourly rates:

       Principal                         $250-$350
       Manager/Senior Consultant/
       Senior Science Advisor            $170-$275
       Senior Associate                  $145-$210
       Associate                         $90-$150
       Support Staff                     $75-$120

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

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

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

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

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.  Geosyntec Consultants was
tapped as environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur as fee examiner has
been appointed as fee examiner.  The fee examiner has hired his
own firm to represent him in Exide's bankruptcy cases.


EXIDE TECHNOLOGIES: To Investigate Price Fixing
-----------------------------------------------
Jena Lagonia, writing for The Deal, reported that Exide
Technologies and the official committee of unsecured creditors
appointed in the bankruptcy case have until March 13 hearing to
reach an agreement to hire an economic consultant to investigate
potential price manipulation by outside parties.

Judge Carey ruled on Feb. 20 that the parties must come to an
agreement, the Deal related.

As previously reported by The Troubled Company Reporter, the
Committee filed an application to retain an economic consultant to
investigate potential causes of action that the Debtor's estate
may hold relating to potential price manipulation, including, but
not limited to, price-fixing and price stabilization in the lead
market by, among others, the LMEX and large metal warehousing
companies, and to assess the damages that the Debtor may have
suffered as a result.

The Committee never revealed the identity of the consulting firm
it intends to retain, as well as the details of the services to be
performed by the firm as disclosure, the Committee said, may
require the disclosure of privileged information or confidential
litigation strategy.

The retention application was met by objections from Exide, Wells
Fargo, and a group of noteholders.  Exide asserted that the
Committee "insists on controlling any investigation to the
exclusion of the Debtor and other stakeholders. Simply put, the
Committee does not have such unfettered authority."  Exide argues
that the Committee's envisioned exclusive arrangement would not
only be unwieldy and likely to jeopardize the Debtor's ability to
control privileged information in anticipation of potential future
litigation, it is beyond the bounds of the Committee's authority.

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

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

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

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.  Geosyntec Consultants was
tapped as environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur as fee examiner has
been appointed as fee examiner.  The fee examiner has hired his
own firm to represent him in Exide's bankruptcy cases.


FIELD FAMILY ASSOCIATES: Files Second Amended Chapter 11 Plan
-------------------------------------------------------------
Field Family Associates, LLC, last month filed a proposed Second
Amended Plan of Reorganization.

Pursuant to the plan, the secured claims and unsecured claims are
unsecured and equity interests are not impaired:

    * The secured claim of $30.9 million under a mortgage will
be paid off through the restructuring of the claim, under which
the obligor will make interest-only payments within 18 months
after the effective date, principal and interest payments will
be made starting 19 months after the Effective Date on a 20-year
amortization schedule, a balloon payment will be made on the
Feb. 1, 2017 maturity date, interest will accrue at 5.5% per
annum following the Effective Date, and the Debtor will pay a
restructuring fee of $309,300.

    * In the event the Debtor does not elect the "sale option"
under the Plan, unsecured creditors will receive amortized
quarterly payments equal to the allowed claim over a four-year
period with interest at the rate of 1 percent per annum.  The
first payment shall be made on the Effective Date and subsequent
payments will be made on the first Business Day of each quarter
thereafter with the final payment to be made on the fourth
anniversary of the Effective Date.  In the event the Debtor elects
to proceed under the sale option, the claims will be paid in full
in cash on the effective date.

    * The interests of the existing members of the Debtor will be
preserved and retained by such members.  In the event the Debtor
elects to proceed under the sale option, the interest holders will
receive, in proportion to their ownership interest, any and all
funds remaining in the Debtor after all other payments which are
required under this Plan to be made by the Debtor to creditors
have been made.

A copy of the Second Amended Plan filed Jan. 8, 2014, is available
for free at:
         http://bankrupt.com/misc/Field_Family_2nd_Am_Plan.pdf

                         About Field Family

Five creditors filed an involuntary Chapter 11 bankruptcy petition
against King of Prussia, Pa.-based Field Family Associates, LLC
(Bankr. E.D. Pa. Case No. 12-16331) on July 2, 2012.  On Sept. 6,
2012, a sixth creditor filed a Joinder in the involuntary Chapter
11 Petition.  The Court entered an order for relief on Sept. 12,
2012.  The Debtor owns and operates a 216-room hotel located at
144-10 135th Steet, in Jamaica, New York.

Judge Stephen Raslavich presides over the case.  Catherine G.
Pappas, Esq., Lawrence G. McMichael, Esq., and Peter C. Hughes,
Esq., at Dilworth Paxson LLP, in Philadelphia, Pa., represent the
Alleged Debtor as counsel.  Ashely M. Chan, Esq., at Hangley
Aronchick Segal & Pudlin, in Philadelphia, Pa., represents the
petitioning creditors as counsel.

The U.S. Trustee appointed a three-member creditors committee.
Hangley Aronchick Segal Pudline & Schiller represents the
Committee.


FIRST DIVISION: Condo Unit to Be Auctioned Off March 7
------------------------------------------------------
First Division, Inc.'s real property located in Fairfax County,
Virginia, known as 4150 Lafayette Center Drive, Unit 400,
Chantilly, Virginia 20151, will be sold at public auction in front
of the Circuit Court for Fairfax County, Virginia, located at 4110
Chain Bridge Road, Fairfax County, Virginia 22030, on March 7,
2014 at 9:30 a.m.

First Division has been declared in default under loan documents
with BB&T-VA Collateral Service Corporation, Trustee.

The real property being offered for sale is further described as
"Subdivided Unit 400, Building Two of Lafayette West Condominium,
a commercial condominium, Part of Map # 0332 04 0003, known as
Unit 400, 4150 Lafayette Center Drive, Chantilly, Virginia 20151.
The Property consists of approximately 4,800 gross square feet in
the Lafayette West Condominium. The Property will be sold together
with an undivided 4.98% interest in the Common Elements
appurtenant thereof, as part of the Condominium."

The Property will be sold in "AS IS, WHERE IS" condition, without
recourse.

A deposit will be required at the time of sale in the amount of
$60,000 or 10% of the successful bid(s), whichever is less.
Whenever the purchaser is also the noteholder secured by the Loan
Documents, payment of the required deposit(s) and the purchase
price is made by crediting the amount thereof to the indebtedness.

The Substitute Trustee reserves the right, in his sole discretion,
to reject any or all bids, withdraw the property from sale, waive
the deposit requirement, in whole or in part, and extend the
period of time in which the purchaser is to complete settlement.
The balance in cash or immediately available funds, with interest
at 8% per annum from the date of sale to the date of settlement or
the balance of the proceeds are received by the Substitute
Trustee, whichever is later, payable within 10 days after the date
of sale. In the event that settlement does not occur within 10
days of the date of sale the purchaser shall be in default. There
will be no abatement of interest due from the purchaser in the
event additional funds are tendered before settlement or if
settlement is delayed for any reason. The noteholder shall not be
obligated to pay interest if it is the purchaser. TIME IS OF THE
ESSENCE FOR THE PURCHASER.

In the event the Substitute Trustee is unable for any reason to
convey title, the purchaser's sole remedy at law or in equity
shall be to request and to receive a return of the deposit. Upon
return of the deposit, this sale shall be void and of no effect
and the purchaser shall have no further claim against the Selling
Parties.

Compliance with terms of sale shall be made within 10 days after
the date of sale at the office of the Substitute Trustee or such
other place mutually agreed upon or the deposit shall be forfeited
to the Substitute Trustee for application against all expenses,
attorney's fees and the full commission on the sale price of the
foreclosure sale. In the event of default, all expenses of this
sale (including attorney's fees and the full commission on the
gross sale price of this sale) shall be charged against and paid
out of the forfeited deposit as authorized by the Loan Documents
and the law in such cases. The Substitute Trustee may then
readvertise and resell the Property at the risk and cost of the
defaulting purchaser; or, without reselling the Property, the
Substitute Trustee may avail themselves of any legal or equitable
remedies against the defaulting purchaser. In the event of a
resale, the defaulting purchaser shall not be entitled to receive
the surplus, if any.

Additional terms of sale may be announced at the time of sale.

The Substitute Trustee Marc DeCandia.

The Secured Party is represented by:

     John D. Sadler, Esq.
     BALLARD SPAHR LLP
     4800 Montgomery Lane, 7th Floor
     Bethesda, MD 20814
     Tel: 301-664-6217
     E-mail: sadlerj@ballardspahr.com


FISKER AUTOMOTIVE: Seeks More Time to Remove Actions
----------------------------------------------------
Fisker Automotive Holdings Inc. seeks additional time to remove
lawsuits involving the company and its subsidiaries that have
filed for bankruptcy protection.

Fisker proposed to extend the deadline to June 20, saying it would
give the company enough time to make informed decisions concerning
the removal of the lawsuits, some of which involve creditors of
the company.

"The debtors will continue to analyze the actions as well as
any filed proofs of claim to determine whether the debtors will
seek to remove any actions," said the company's lawyer, Peter
Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington,
Delaware.

U.S. Bankruptcy Judge Kevin Gross will hold a hearing on April 17
to consider the request.  Objections are due by March 11.

                     About Fisker Automotive

Fisker Automotive Holdings, Inc., developer of the Karma plug-in
hybrid electric sedan, filed a petition for Chapter 11 protection
(Bankr. D. Del. Case No. 13-13087) on Nov. 22, 2013.

Fisker estimated assets of more than $100 million and listed debt
of $500 million in its bankruptcy petition.  The assets include an
assembly plant purchased for $21 million from General Motors Corp.
The plant never operated.  The cars were assembled in Finland.
Fisker now has 21 employees.

Fisker received a $529 million loan from the Department of
Energy's Advanced Technology Vehicles Manufacturing Loan Program
and drew down about $192 million before the department froze the
loan after Fisker failed to hit several development targets.  The
company defaulted on its loan in April 2013.

Bankruptcy Judge Kevin Gross presides over the case.  The Debtors
have tapped James H.M. Sprayregen, P.C., Esq., Anup Sathy, P.C.,
Esq., and Ryan Preston Dahl, Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, as co-counsel; Laura Davis Jones, Esq., James
E. O'Neill, Esq., and Peter J. Keane, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, as co-counsel;
Beilinson Advisory Group as restructuring advisors; and Rust
Consulting/Omni Bankruptcy, as notice and claims agent and
administrative advisor.

On Nov. 5, 2013, the Official Committee of Unsecured Creditors
was appointed. The members are: (a) David M. Cohen; (b) Sven
Etzelsberger; (c) Kuster Automotive Door Systems GmbH; (d) Magna
E-Car USA, LLC; (e) Supercars & More SRL; and (f) TK Holdings Inc.
The Committee is represented by William R. Baldiga, Esq., and
Sunni P. Beville, Esq., at Brown Rudnick LLP; and Mark Minuti,
Esq., at Saul Ewing LLP.  Emerald Capital Advisors Corp. is the
financial advisors for the Committee.

Fisker sought bankruptcy protection to pursue a private sale of
its business to Hybrid Tech Holdings, LLC.  The Committee,
however, wants a sale public sale, and has identified Wanxiang
America Corporation as stalking horse bidder.

Hybrid was initially under contract to buy Fisker in exchange for
$75 million of the $168.5 million government loan it acquired
immediately before the Debtor's Chapter 11 filing.  Hybrid later
raised its offer by adding an additional $1 million cash and
agreeing to share proceeds from the sale of a facility in Delaware
it doesn't intend to operate.  Hybrid also offered to pay real
estate taxes on the Delaware plant.  Hybrid also will waive $90
million in deficiency claims that otherwise would dilute unsecured
creditors' recovery.

Wanxiang, as stalking horse bidder, initially offered $25.8
million in cash.  However, Wanxiang has said it has raised its
offer by $10 million and is willing to go higher.

After the hearings on Jan. 10 and 13, the Court directed a public
auction, and capped Hybrid's credit bid to $25 million.

In response, Hybrid raised its offer to $55 million.

Hybrid is represented by Tobias Keller, Esq., and Peter
Benvenutti, Esq., at Keller & Benvenutti LLP, in San Francisco,
California.

Wanxiang, which bought A123 Systems, Inc., a manufacturer of
lithium-ion batteries used in electric vehicles such as the Fisker
Karma, in a bankruptcy auction early in 2013 for $256.6 million,
is represented in Fisker's case by Sidley Austin LLP's Bojan
Guzina, Esq., and Andrew F. O'Neill, Esq.; and Young Conaway
Stargatt & Taylor, LLP's Edmon L. Morton, Esq., Robert S. Brady,
Esq., and Kenneth J. Enos, Esq.


FORCE FUELS: KCG Americas Held 6.1% Equity Stake at Dec. 31
-----------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, KCG Americas LLC, disclosed that as of
Dec. 31, 2013, it beneficially owned 826,701 shares of common
stock of Force Fuels, Inc., representing 6.10 percent based on
outstanding shares reported on the Issuer's 10-Q/A filed with the
SEC for the period ended Oct. 31, 2011.  A copy of the regulatory
filing is available for free at http://is.gd/mEQ6K5

                         About Force Fuels

Costa Mesa, Calif.-based Force Fuels, Inc.'s principal business
during the period ended Oct. 31, 2011, was the acquisition and
management of oil, gas and alternative energy operations.  The
Company's common shares are currently quoted on the OTC Pink
market of OTC Markets Group, Inc. under the trading symbol "FOFU."

The Company's balance sheet at Oct. 31, 2011, showed $1.06 million
in total assets, $1.42 million in total liabilities, and a
stockholders' deficit of $358,092.

As reported in the TCR on Dec. 6, 2011, Sadler, Gibb & Associates,
LLC, in Salt Lake City, Utah, expressed substantial doubt about
Force Fuels' ability to continue as a going concern, following the
Company's results for the fiscal year ended July 31, 2011.  The
independent auditors noted that the Company had accumulated losses
of $3.8 million as of July 31, 2011.

The Company had notified the SEC regarding the late filing of its
quarterly report on Form 10-Q for the period ended Jan. 31, 2012,
citing limited accounting staff and incomplete financial
statements.


FOX TROT: Duane Cook Approved to Handle Appeal and Counterclaims
----------------------------------------------------------------
The Hon. Tracey N. Wise of the U.S. Bankruptcy Court for the
Eastern District of Kentucky authorized Fox Trot Corporation to
employ Duane Cook & Associates PLC as special counsel for the
Debtor.

As reported in the Troubled Company Reporter on Feb. 6, 2014,
Duane Cook is expected to:

   (a) advise the Debtor with respect to all matters involved in
       the prosecution of an appeal and counterclaims;

   (b) assist the Debtor in its preparation of briefs, motions,
       objections, orders and other legal papers related to the
       Debtor's Appeal and Counterclaims;

   (c) appear at hearings, oral arguments and other proceedings
       related to or concerning the Appeal and Counterclaims;
   (d) perform such other services as may be necessary and proper
       with respect to the Appeal and Counterclaims.

The Debtor will pay Duane Cook on a contingency fee basis for
services rendered, subject to approval of this Court, with any
actual, reasonable fees and expenses incurred in connection with
said services to be paid upon final adjudication of the
counterclaims.  It is contemplated that Duane Cook will seek
compensation based upon Duane Cook's normal contingency rate,
which is and will be 40% of any and all amounts recovered on the
Counterclaims.  Given the legal complexities of the Appeal and the
Counterclaims, the Debtor believes that this rate is fair and
reasonable.

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

Prior to the Petition Date, Duane Cook received payments from the
Debtor in the amount of $15,000 for representation in connection
with multiple matters, including the Appeal and the Counterclaims.
As of the Petition Date, Duane Cook was owed $3,602.71 by the
Debtors in connection with multiple legal matters, including the
Appeal and the Counterclaims.

Duane Cook 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.

                    About Fox Trot Corporation

Fox Trot Corporation sought protection under Chapter 11 of the
Bankruptcy Code on Oct. 12, 2013 (Case No. 13-52471, Bankr. E.D.
Ky.).  The case is assigned to Judge Gregory R. Schaaf.  Adam R.
Kegley, Esq., represent the Debtor in its restructuring effort.
The Debtor disclosed $25,570,806 in assets and $3,913,035 in
liabilities as of the Chapter 11 filing.


FRANCES R. PARKTON: Nevada Dist. Court Rules on Palms Place Appeal
------------------------------------------------------------------
PALMS PLACE, LLC and PALMS PLACE II, LLC, Plaintiff(s), v. FRANCES
R. PARKTON, Defendant(s), No. 2:13-CV-171 JCM (CWH) (D. Nev.), is
an appeal of the denial of summary judgment by Palms Place in an
adversary proceeding arising out of Parkton's Chapter 11
bankruptcy case.  The adversary complaint alleges causes of action
for violations of federal and state securities laws, common-law
fraud, deceptive trade practices, and violations of Nevada's
Condominium and Hotel Act.

On or about June 17, 2005, Parkton signed documents giving her the
option to purchase two condominiums from Palms Place. On June 12,
2008, the deal was finalized and Parkton purchased the two units
for a total of $1,335,395.

In the complaint, Parkton alleges that over the course of
negotiations Palms Place made various fraudulent representations
regarding the units' potential for rental revenue, expenses,
overhead fees, and other information which induced her to purchase
the units. Further, Parkton alleges that the units are actually
securities masked as real property, and are in violation of
various securities laws.

Palms Place filed a motion for summary judgment, asserting that
the statute of limitations for Parkton's claims began running on
June 17, 2005, and were therefore time barred.  The Honorable
Bruce Beesley disagreed, found that the appropriate date was June
12, 2008, denied the motion, and sua sponte certified the order
for appeal.

On appeal to the District Court, Palms Place filed a motion for
determination of confession of error, and a motion for oral
argument.  Parkton has not filed a response to any of the motions.

In a Feb. 4, 2014 Order available at http://is.gd/si92qnfrom
Leagle.com, District Judge James C. Mahan said the Court has
reviewed the briefs and finds that oral argument would not aid in
the determination of this matter.  Accordingly, Palms Place's
motion for oral argument is denied.  In addition, the court has
reviewed Palm Place's motion for determination of confession of
error. Palms Place seeks a confession of error based on Parkton's
failure to file her answering brief within the requisite time
limit as set forth by the court.  The docket reflects that the
answering brief was filed the same day as Palm Place's motion.
The court declines to grant a confession of error and will instead
address the appeal on its merits.  Moreover, the Court finds that
the bankruptcy court was correct in its determination that the
applicable date for the start of the limitations period is June
12, 2008.  That decision is affirmed and the matter is remanded
for further proceedings.

Las Vegas-based Frances R. Parkton filed a Chapter 11 bankruptcy
petition (Bankr. D. Nev. Case No. 09-14947) on April 2, 2009,
listing under $500,000 in total assets and under $10 million in
total liabilities.  Parkton is represented by:

     C. Andrew Wariner, Esq.
     COLEMAN LAW ASSOCIATES
     9708 South Gilespie Street, Suite A-106
     Tel: 702-699-9000
     Fax: 702-699-9006
     E-mail: mail@coleman4law.com


FREEDOM INDUSTRIES: President, CFO Met With Creditors
-----------------------------------------------------
Kate White, writing for The Charleston Gazette, reported that
officials with Freedom Industries met with the company's creditors
in federal bankruptcy court on Feb. 25 and answered questions
about the company's insurance coverage and assets and liabilities.

The Charleston Gazette said that after the meeting with creditors,
Freedom's President Gary Southern said company officials were
dedicated to cleaning up from the chemical leak into the Elk River
and trying to find other jobs for its employees.

The Charleston Gazette reported that Mr. Southern and Freedom's
chief financial officer, Terry Cline, testified at Tuesday's
hearing that chemicals had been removed from the property.  In an
agreement with the state Department of Environmental Protection,
Freedom has agreed to dismantle its site on Barlow Drive on or
before March 15.

The Gazette reported that at Tuesday's hearing attorneys
representing creditors wanted more information about the company's
insurance coverage.  In addition, a bankruptcy trustee appointed
by the U.S. Department of Justice questioned financial documents
the company produced last week.

                          Claims Protocol

The report noted that at least 30 lawsuits have been filed against
Freedom relating to the leak.  The bankruptcy filing has stayed
the prosection of the lawsuits.

The Gazette said that Bankruptcy Judge Ronald Pearson at a prior
hearing on Feb. 21 recommended that plaintiffs' lawyers and
Freedom's lawyers work together to come up with a standardized
claim form for people seeking damages from Freedom for things like
lost wages and lost business, to try to preserve Freedom from
excessive legal costs.  Shortly after the Feb. 21 hearing, Freedom
began moving the lawsuits filed against it from state court to
bankruptcy court.

The Daily Mail said attorney Anthony Majestro indicated that
discussions about lifting the stay are ongoing.  He said, "The
parties and the bankruptcy court are doing their best to balance
competing interests in Freedom's resources."

There is a May 27 deadline for creditors to file proofs of claim.

                        Closure of Business

Andrea Lannom, writing for The Charleston Daily Mail, reported
that Freedom's attorney, Mark Freedlander, Esq., told the
bankruptcy judge at the Feb. 21 hearing that the company is
winding down its inventory and transferring its customers and
employees to other vendors.  He said Freedom may cease to exist at
some point in the future.

According to the Daily Mail, Judge Pearson at Friday's hearing
asked if there was anything in the last few weeks that made the
company come to this realization.  Mr. Freedlander replied that
"The company's problems far exceed its size."

According to the Daily Mail, Freedom's attorneys said the case is
not converting to Chapter 7 bankruptcy, or straight liquidation,
and will remain under Chapter 11 proceedings.

                       DIP Financing Unused

The Daily Mail also reported that Judge Pearson at Friday's
hearing approved an order substantially modifying Freedom's
initial financing motion.  The report said Freedom's counsel have
said the Company hasn't needed to use the $3 million it previously
borrowed from WV Funding, LLC.  Under an interim order, Freedom
will not use this money through March 18.  Freedom's counsel,
according to the Daliy Mail, said the Company might not even need
the money that is currently held in the estate's account.

The Daily Mail said an attorney representing WV Funding LLC
proposed negotiating a different type of loan in the future to
handle expenses to reclaim the site.

The Daily Mail noted that by March 15, Freedom needs to remove its
stored materials and start decommissioning the Etowah Terminal
along the Elk River.  The Company's attorneys said for the most
part, inventory has been sold down and Freedom is working with the
state Department of Environmental Protection to decommission the
facility.  During this period, Freedom will rely on proceeds from
selling inventory.

The Daily Mail noted that a budget filed with the Court indicated
that Freedom will have $5.4 million in cash left by March 16 after
it starts winding down its business.

                         Hirings Approved

Freedom has filed papers with the Court seeking to hire experts
and consultants to assist in remediation of the site, help
preserve evidence and help in the defense against lawsuit
allegations.

The Daily Mail's Ms. Lannom, in an earlier report, said the
Bankruptcy Judge granted Freedom's request to expedite a hearing
on its request to hire experts and consultants.  The reason
Freedom wanted an expedited hearing to hire experts is because it
wants them to take a look at details surrounding the leak before
evidence is removed or destroyed in the remediation process.

The Daily Mail said Freedom is also seeking to hire Pittsburgh-
based Civil & Environmental Consultants Inc. as special
environmental consultants to look into the leak.  The firm will
investigate how the soil, groundwater and surface water were
affected by the leak and will look at ways to address these
effects.

The Daily Mail report said the Bankruptcy Court has approved these
motions.  The court also approved Freedom's motions to hire
Pietragallo Gordon Alfano Bosick & Raspanti LLP as special
litigation counsel and hire Babst, Calland, Clements & Zomnir PC
as special environmental counsel.

The report said the Court adjourned the hearing to hire Chicago-
based MorrisAnderson & Associates Ltd. as financial advisor
because attorneys said the company's role may change.  Mr.
Freedlander said there could be a shift in focus and said its role
may best be served as chief restructuring advisor.

                    About Freedom Industries

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

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

On Dec. 31, 2013, four companies merged under the umbrella of
Freedom Industries: Freedom Industries Inc., Etowah River Terminal
LLC, Poca Blending LLC and Crete Technologies LLC.


FURNITURE BRANDS: Wins OK to Sell Residual Assets Under $3MM
------------------------------------------------------------
FBI Wind Down, Inc., formerly known as Furniture Brands
International, Inc., won approval early this month of procedures
to sell, lease or otherwise dispose residual assets.

Pursuant to the rules, the Debtors are authorized to consummate
sales, leases or other dispositions of residual assets with an
aggregate transaction price up to or equal to $3 million without
further order of the court.  The Debtors will only be required to
file a written notice of a proposed transaction to creditors.  Any
objection to a proposed transaction will be due within 10 calendar
days from the date of service of the notice.  The Debtors are
authorized after consultation with the official committee of
unsecured creditors to retain professionals to assist in disposing
of residual assets.

                       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.


GFI/GLOBAL FINANCIAL: N.D. Ill. Court Rules in "Jackson" Suit
-------------------------------------------------------------
Magistrate Judge Jeffrey Cole ruled on the request of Vincent E.
Jackson for the Court to conduct default judgment proceedings
against Global Financial Investments, in his suit, VINCENT E.
JACKSON, an individual, Plaintiff, v. GFI/GLOBAL FINANCIAL
INVESTMENTS, LLC., an Arizona corporation Defendant, No. 09 cv
06010 (N.D. Ill.).  A copy of the Court's Feb. 3, 2014 decision is
available at http://is.gd/5dDwZxfrom Leagle.com.

Mr. Jackson originally filed the Complaint on Sept. 22, 2009,
against N'Genuity, Valerie Littlechief, Alfred Bowen and Dustin
Bowen in DuPage County Court.  The Defendants removed the matter
to federal court.   On May 20, 2011, the Plaintiff filed his First
Amended Complaint and added Littlechief Specialties, Impact
Marketing Group, Global Financial and N'Genuity-Littlechief
Enterprises as defendants.

N'Genuity on Oct. 11, 2011, filed a Chapter 11 bankruptcy petition
in the U.S. Bankruptcy Court for the District of Arizona.  On Feb.
8, 2012, the N.D. Illinois Court ordered the remaining defaulting
defendants, Littlechief Specialties and Valerie Littlechief, to
respond to the Plaintiff's Prove Up of Damages by Feb. 22, 2012.
Rather than file a response, on Feb. 21, 2012, Littlechief
Specialties, Valerie Littlechief and Alfred Bowen filed for
bankruptcy in Arizona.

N'Genuity Enterprises Company, based in Scottsdale, Arizona, filed
for Chapter 11 bankruptcy (Bankr. D. Ariz. Case No. 11-28705) on
Oct. 11, 2011.  Judge George B. Nielsen, Jr. presides over the
case.  Joseph E. Cotterman, Esq., at Gallagher & Kennedy, P.A.,
served as the Debtor's counsel.  MCA Financial Group, Ltd., served
as the Debtor's financial and restructuring officer.  In its
petition, N'Genuity estimated under $10 million in both assets and
debts.  A list of the Company's 17 largest unsecured creditors
filed together with the petition is available for free at
http://bankrupt.com/misc/azb11-28705.pdf The petition was signed
by Valerie Littlechief, president.

GFI/Global Financial Investments, LLC, based in Scottsdale,
Arizona, filed for Chapter 11 bankruptcy (Bankr. D. Ariz. Case No.
12-01857) on Feb. 1, 2012.  Judge Randolph J. Haines oversees the
case.  Harold E. Campbell, Esq., at Campbell & Coombs, P.C.,
serves as GFI's counsel.  GFI estimated under $50,000 in assets
and under $10 million in debts.  A list of the Company's five
largest unsecured creditors filed with the petition is available
for free at http://bankrupt.com/misc/azb12-01857.pdf The petition
was signed by Dustin Bowen, managing member.


GLOBAL AVIATION: Plan Support Agreement with Cerberus Approved
--------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware gave Global Aviation Holdings Inc., et al.,
authority to execute the plan support agreement entered into with
the Official Committee of Unsecured Creditors and Cerberus
Business Finance, LLC, as collateral agent and administrative
agent under the Debtors' prepetition first lien financing
agreement and the DIP Loan.

Judge Walrath approved the PSA over the objection of the
International Brotherhood of Teamsters, whose flight attendant and
pilot members were laid off during the bankruptcy proceedings.
The IBT specifically objected to the labor matter provisions under
the PSA, which require the Debtors to obtain concessions under the
collective bargaining agreements at World Airways, Inc., for
pilots and flight attendants as of the effective date of any plan
that are in the minimum amount of $7.5 million per annum.

IBT argued that the Debtors should not use the labor matter
provisions to sidestep the procedural and substantive requirements
of Section 1113(c) of the Bankruptcy Code and bolster their
necessity arguments in any future 1113(c) litigation.  The IBT
strenuously disputed the notion that any further labor savings,
much less $7.5 million in annual labor savings, are necessary to
the Debtors' reorganization.  The IBT was the lone objector to the
PSA.

In response to IBT, the Debtors maintained that certain labor
concessions are necessary to sustain World's viability and to meet
the market's demands for profitability in each of the Debtors'
operating subsidiaries.  The Debtors argued that the IBT cannot be
allowed to dictate the terms of a purchaser's offer.  This will
only result in chilling the bidding process and will impair the
Debtors' ability to maximize the value of their estates.  The IBT,
the Debtors added, should not be permitted to impose inappropriate
limitations on the terms of a buyer's offer in an open sale
process.

The PSA also provides that a proposed plan will be filed and would
effectuate, among other things, the preservation of the Debtors'
business as a going concern through cancellation of the existing
equity interests of GLAH or one or more of its subsidiaries and
issuance of new equity interests to Cerberus in consideration of a
deemed credit of a portion of the First Lien Claim and DIP Loan
and the conversion of a portion of the First Lien Claim and DIP
Loan into exit financing.

The Plan will establish a liquidating trust for the benefit of
unsecured creditors to be comprised of an initial cash payment by
the Reorganized Debtors in the amount of $350,000.  The Creditor
Trust will also be vested with all Chapter 5 Actions.

In resolution of potential challenges to the forbearance fee added
to the principal of the First Lien Claims prior to the Petition
Date, Cerberus will convert $9 million of the DIP Loan Claims and
First Lien Claim to New Equity Interests through the Equity
Conversion.  In addition, an additional $5 million of the DIP Loan
Claims and First Lien Claims will be converted to New Equity
Interests through the Equity Conversion or converted into
benefitcal interests in the Trust.

The Exit Financing will mature and be fully due and payable five
years after the Effective Date.  Unless the Reorganized Debtors
elect to pay interest on a current basis, interest will accrue at
the non-default rate specified in the First Lien Credit Facility.
At the lender's option, interest in an amount up to 3.5% will be
paid in cash and any excess over 3.5% will be paid in kind.

In addition, 50% of distributions from the Creditor Trust in
excess of $900,000 will be distributed to Cerberus in prepayment
of principal under the Exit Financing or on account of its
beneficial interests.

The IBT is represented by Scott D. Cousins, Esq. --
cousins@ccbllp.com -- and Ann M. Kashishian, Esq. --
kashishian@ccbllp.com -- at Cousins Chipman & Brown, LLP, in
Wilmington, Delaware; and Suzanne Hepner, Esq. --
shepner@levyratner.com -- at Levy Ratner, P.C., in New York.

The Debtors are represented by Christopher A. Ward, Esq., Justin
K. Edelson, Esq., at Polsinelli PC, in Wilmington, Delaware; and
Kenric D. Kattner, Esq., and Henry Flores, Esq., at Haynes and
Boone, LLP, in Houston, Texas.

                   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: Court Okays Alvarez & Marsal as Panel's Advisor
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
the Official Committee of Unsecured Creditors of Global Aviation
Holdings Inc. and its debtor-affiliates to retain Alvarez & Marsal
North America, LLC, as financial advisors to the Committee,
effective Nov. 22, 2013.

As reported in the Troubled Company Reporter on Feb. 4, 2014, 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.

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.

An Official Committee of Unsecured Creditors has been appointed in
the 2013 case.  The Committee has hired Alvarez & Marsal North
America, LLC, as financial advisors; and Morris James LLP as
counsel.


GLOBAL AVIATION: Committee Hires Morris James as Co-counsel
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
the Official Committee of Unsecured Creditors of Global Aviation
Holdings Inc. and its debtor-affiliates to retain Morris James LLP
as co-counsel to the Committee, nunc pro tunc to Nov. 26, 2013.

As reported in the Troubled Company Reporter on Jan. 23, 2014, the
Committee requires Morris James to:

   (a) provide legal advice and assistance to the Committee in its
       consultations with the Debtors relative to the Debtors'
       administration of its reorganization;

   (b) review and analyze all applications, motions, orders,
       statements of operations and schedules filed with the Court
       by the Debtors or third parties, advise the Committee as to
       their propriety, and, after consultation with the
       Committee, take appropriate action;

   (c) prepare necessary applications, motions, answers, orders,
       reports and other legal papers on behalf of the Committee;

   (d) represent the Committee at hearings held before the Court
       an communicate with the Committee regarding the issues
       raised, as well as the decisions of the Court; and

   (e) perform all other legal services for the Committee which
       may be reasonably required in this proceeding.

Morris James will be paid at these hourly rates:

       Carl N. Kunz, III, Partner           $540
       Douglas Candeub, Senior Counsel      $440
       Eric J. Monzo,
       Associate 2013/Partner 2014        $360/$400
       William W. Weller, Paralegal         $215
       Jamie Dawson, Paralegal              $205

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

Carl N. Kunz, III, partner of Morris James, 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.

Morris James can be reached at:

        Carl N. Kunz, III, Esq.
        MORRIS JAMES LLP
        500 Delaware Avenue, Suite 1500
        P.O. Box 2306
        Wilmington, DE 19801
        Tel: (302) 888-6800
        Fax: (302) 571-1750

                   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.

An Official Committee of Unsecured Creditors has been appointed in
the 2013 case.  The Committee has hired Alvarez & Marsal North
America, LLC, as financial advisors; and Morris James LLP as
counsel.


GLOBAL AVIATION: Files Amended Schedules of Assets and Liabilities
------------------------------------------------------------------
Global Aviation Holdings Inc. filed with the Bankruptcy Court for
the District of Delaware its amended schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property          $202,356,000
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $170,152,901
  E. Creditors Holding
     Unsecured Priority
     Claims                                            $90,253
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $16,870,649
                                ------------       -----------
        TOTAL                   $202,356,000      $187,113,804

                    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.

An Official Committee of Unsecured Creditors has been appointed in
the 2013 case.  The Committee has hired Alvarez & Marsal North
America, LLC, as financial advisors; and Morris James LLP as
counsel.


GOLDKING HOLDINGS: U.S. Trustee Appoints 3-Member Creditors Panel
-----------------------------------------------------------------
Judy A. Robbins, United States Trustee for the Southern District
of Texas, appointed three members to the official committee of
unsecured creditors in the Chapter 11 cases of Goldking Holdings,
LLC, et al.

The Creditors Committee members are:

       1. Gulf Coast Chemical, L.L.C.
          Attn: Jim Fusilier
          220 Jacqulyn Street
          Abbeville, LA 70510
          Tel. 337-898-0213 ext. 1105
          Fax 337-893-9927
          E-Mail: jfusilier@gulfcoinc.com

       2. Moncla Marine Operations, L.L.C.
          Attn: Katie Battaglio
          2107 Carmel Drive
          Lafayette, LA 70501
          Tel. 337-456-8799 ext. 262
          Fax 337-504-4669
          E-Mail: kbattaglio@moncla.com

       3. Fesco, Ltd.
          Attn: Doris Richardson
          1000 Fesco Avenue
          Alice, TX 78332
          Tel. 361-661-7000 ext. 155
          Fax 361-661-7004
          E-Mail: doris.richardson@fescoinc.com

                  About Goldking Holdings

Goldking Holdings LLC, an oil-and-gas exploration company based in
Houston, sought bankruptcy protection (Bankr. D. Del. Case No.
13-12820) in Wilmington, Delaware, on Oct. 30, 2013, from
creditors with plans to sell virtually all its assets.  Goldking
Onshore Operating, LLC, and Goldking Resources, LLC, also sought
creditor protection.

The cases were initially assigned to Delaware Judge Brendan
Linehan Shannon.  On Nov. 20, 2013, Judge Shannon granted the
request of Goldking's former CEO Leonard C. Tallerine Jr. to move
the Chapter 11 case to Houston, Texas (Bankr. S.D. Tex. Case No.
13-37200).  Mr. Tallerine owns a nearly 6% stake in the company
through an entity called Goldking LT Capital Corp.

The Debtors are represented by Scott W. Everett, Esq., and
Christopher L. Castillo, Esq., at Haynes and Boone, LLP.  Robert
S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in
Wilmington, Delaware, serves as the Debtors' co-counsel.  The
Debtors' notice, claims, solicitation and balloting agent is Epiq
Bankruptcy Solutions, LLC.

Lantana Oil & Gas Partners was initially hired as the Debtors'
financial advisors.  In December 2013, the Debtors won Court
approval to employ E-Spectrum Advisors LLC, led by its CEO Coy
Gallatin, as asset sale advisor.

Alvarez & Marsal Global Forensic and Dispute Services, LLC, has
been engaged to provide computer forensics and related services.

Goldking Holdings disclosed $16,170 in assets and $11,484,881 in
liabilities as of the Chapter 11 filing.


GOLDKING HOLDINGS: Can File Chapter 11 Plan Until May 27
--------------------------------------------------------
The Hon. David R. Jones of the U.S. Bankruptcy Court for the
Southern District of Texas extended the exclusive periods of
Goldking Holdings LLC and its debtor-affiliates to:

  a) file a Chapter 11 plan of reorganization to May 27, 2014;
     and

  b) solicit acceptances of that plan through and until July 27,
     2014.

The Debtors' deadline to file a plan is slated to expire Feb. 27,
2014, absent the extension.

                      About Goldking Holdings

Goldking Holdings LLC, an oil-and-gas exploration company based in
Houston, Texas, sought bankruptcy protection (Bankr. D. Del. Case
No. 13-12820) in Wilmington, Delaware, on Oct. 30, 2013, from
creditors with plans to sell virtually all its assets.  Goldking
Onshore Operating, LLC, and Goldking Resources, LLC, also sought
creditor protection.

The cases were assigned to Delaware Judge Brendan Linehan Shannon.
On Nov. 20, 2013, Judge Shannon granted the request of Goldking's
former CEO Leonard C. Tallerine Jr. to move the Chapter 11 case to
Houston (Bankr. S.D. Tex. Case No. 13-37200).  Mr. Tallerine owns
a nearly 6% stake in the company through an entity called Goldking
LT Capital Corp.

The Debtors are represented by Scott W. Everett, Esq., and
Christopher L. Castillo, Esq., at Haynes and Boone, LLP.  Robert
S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in
Wilmington, Delaware, serves as the Debtors' co-counsel.  The
Debtors' notice, claims, solicitation and balloting agent is Epiq
Bankruptcy Solutions, LLC.

Lantana Oil & Gas Partners was initially hired as the Debtors'
financial advisors.  In December 2013, the Debtors won Court
approval to employ E-Spectrum Advisors LLC, led by its CEO Coy
Gallatin, as asset sale advisor.

Alvarez & Marsal Global Forensic and Dispute Services, LLC, has
been engaged to provide computer forensics and related services.

Goldking Holdings disclosed $16,170 in assets and $11,484,881 in
liabilities as of the Chapter 11 filing.

Judy A. Robbins, United States Trustee for the Southern District
of Texas, appointed a three-member official committee of unsecured
creditors.


GOLDKING HOLDINGS: Can Hire A&M to Provide Forensic Services
------------------------------------------------------------
The Hon. David R. Jones of the U.S. Bankruptcy Court for the
Southern District of Texas authorized Goldking Holdings, LLC and
its debtor-affiliates to enter into a postpetition agreement with
Alvarez & Marsal Global Forensic and Dispute Services, LLC to
provide computer forensics and related services.

As reported in the Troubled Company Reporter on Feb. 10, 2014,
prior to the bankruptcy cases, Gibbs & Bruns LLP, as counsel, and
the Debtors required the services of an electronic data specialist
like A&M in connection with the litigation because of the sheer
volume of electronic data in the Debtors' possession that was
subject to the Debtors' discovery obligations.

On Feb. 1, 2013, Gibbs & Bruns, the Debtor and A&M entered into a
letter agreement pursuant to which, among other things, Gibbs &
Bruns agreed to retain A&M to provide computer forensics,
electronic discovery and forensic data mining services to Gibbs &
Bruns and Holdings, in connection with the litigation.  On June 3,
Gibbs & Bruns, Holdings and A&M entered into a revised letter
agreement, which was identical to the Original A&M Agreement in
all substantive respects except that it was addressed to, and
executed by, Eddie Herbert, the new chief executive officer of
Holdings.

On Feb. 13, 2013, the Debtors commenced litigation against, among
others, Leonard C. Tallerine and certain entities that he owns in
the 61st District Court of Harris County, Texas for, among other
things, theft, conversion, fraud, unjust enrichment, breach of
fiduciary duty, and breach of contract.

The Debtors and Gibbs & Bruns continue to require the services of
A&M in connection with the litigation to, among other things:

   a) host the current electronic document database;

   b) create and host any other databases necessary to prosecute
      the litigation; and

   c) assist in the production of certain electronic documents
      to the defendants in the litigation.

The Gibbs & Bruns application stated that the firm will also seek
approval of a litigation support firm which, while not identified
by name, is A&M.

Edwin Lee, managing director at A&M, assured the Court that A&M's
services for other clients do not relate to the Debtor's Chapter
11 cases or the litigation.  If any new relevant facts or
relationships are discovered or arise, A&M will promptly file a
supplemental declaration.

A copy of the agreements is available for free at:

     http://bankrupt.com/misc/GOLDKINGHOLDINGSa_magreement2.pdf

                      About Goldking Holdings

Goldking Holdings LLC, an oil-and-gas exploration company based in
Houston, sought bankruptcy protection (Bankr. D. Del. Case No.
13-12820) in Wilmington, Delaware, on Oct. 30, 2013, from
creditors with plans to sell virtually all its assets.  Goldking
Onshore Operating, LLC, and Goldking Resources, LLC, also sought
creditor protection.

The cases were initially assigned to Delaware Judge Brendan
Linehan Shannon.  On Nov. 20, 2013, Judge Shannon granted the
request of Goldking's former CEO Leonard C. Tallerine Jr. to move
the Chapter 11 case to Houston, Texas (Bankr. S.D. Tex. Case No.
13-37200).  Mr. Tallerine owns a nearly 6% stake in the company
through an entity called Goldking LT Capital Corp.

The Debtors are represented by Scott W. Everett, Esq., and
Christopher L. Castillo, Esq., at Haynes And Boone, LLP.  Robert
S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in
Wilmington, Delaware, serves as the Debtors' co-counsel.  The
Debtors' notice, claims, solicitation and balloting agent is Epiq
Bankruptcy Solutions, LLC.

Lantana Oil & Gas Partners was initially hired as the Debtors'
financial advisors.  In December 2013, the Debtors won Court
approval to employ E-Spectrum Advisors LLC, led by its CEO Coy
Gallatin, as asset sale advisor.

Alvarez & Marsal Global Forensic and Dispute Services, LLC, has
been engaged to provide computer forensics and related services.

Goldking Holdings disclosed $16,170 in assets and $11,484,881 in
liabilities as of the Chapter 11 filing.

Judy A. Robbins, United States Trustee for the Southern District
of Texas, appointed a three-member official committee of unsecured
creditors.


GOLDKING HOLDINGS: Court Okays Gibbs & Bruns as Litigation Counsel
------------------------------------------------------------------
The Hon. David R. Jones of the U.S. Bankruptcy Court for the
Southern District of Texas authorized Goldking Holdings, LLC and
its debtor-affiliates to employ Gibbs & Bruns LLP as special
litigation counsel.

As reported in the Troubled Company Reporter on Feb. 6, 2014,
while the Debtors originally sought to retain Gibbs & Bruns as
part of an initial application for ordinary course professionals,
upon the transfer of the Debtors' cases to the Southern District
of Texas it was determined, upon guidance from the Court, that
Gibbs & Bruns would be dropped from the original ordinary course
professionals' retention application and this application would be
filed instead.

Gibbs & Bruns will continue to render professional services
including, but not limited to, all matters typically and
reasonably necessary to represent the Debtors' interests,
including counseling, preparation and filing of pleadings,
conducting and responding to discovery as appropriate, and
preparing for and appearing at all hearings, conferences,
mediations, arbitrations and trials, all in connection with the
Litigation.

On Feb. 13, 2013, the Debtors commenced litigation against, among
others, Leonard C. Tallerine and certain entities that he owns in
the 61st District Court of Harris County, Texas for, among other
things, theft, conversion, fraud, unjust enrichment, breach of
fiduciary duty, and breach of contract.

Gibbs & Bruns will be paid at these hourly rates:

       Barrett H. Reasoner              $650
       Mark A. Giugliano                $450
       Laura J. Kissel                  $375
       Colin C. Pogge                   $260
       Paralegals                       $180
       Staff Counsel                    $240
       Associates                     $260-$320

Gibbs & Bruns will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Gibbs & Bruns has been paid $1,195,990.96 through the day prior to
the Petition Date as compensation for services rendered and costs
incurred in connection with its representation of Debtors in the
Litigation.

As of the Petition Date, Gibbs & Bruns was owed $307,368.62 for
services performed and/or expenses incurred in connection with its
representation of Debtors in the Litigation.

Barrett H. Reasoner, partner of Gibbs & Bruns, 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.

Gibbs & Bruns can be reached at:

       Barrett H. Reasoner, Esq.
       GIBBS & BRUNS, L.L.P.
       1100 Louisiana, Suite 5300
       Houston, TX 77002
       Tel: (713) 650-8805
       Fax: (713) 750-0903
       E-mail: breasoner@gibbsbruns.com

                      About Goldking Holdings

Goldking Holdings LLC, an oil-and-gas exploration company based in
Houston, sought bankruptcy protection (Bankr. D. Del. Case No.
13-12820) in Wilmington, Delaware, on Oct. 30, 2013, from
creditors with plans to sell virtually all its assets.  Goldking
Onshore Operating, LLC, and Goldking Resources, LLC, also sought
creditor protection.

The cases were initially assigned to Delaware Judge Brendan
Linehan Shannon.  On Nov. 20, 2013, Judge Shannon granted the
request of Goldking's former CEO Leonard C. Tallerine Jr. to move
the Chapter 11 case to Houston, Texas (Bankr. S.D. Tex. Case No.
13-37200).  Mr. Tallerine owns a nearly 6% stake in the company
through an entity called Goldking LT Capital Corp.

The Debtors are represented by Scott W. Everett, Esq., and
Christopher L. Castillo, Esq., at Haynes And Boone, LLP.  Robert
S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in
Wilmington, Delaware, serves as the Debtors' co-counsel.  The
Debtors' notice, claims, solicitation and balloting agent is Epiq
Bankruptcy Solutions, LLC.

Lantana Oil & Gas Partners was initially hired as the Debtors'
financial advisors.  In December 2013, the Debtors won Court
approval to employ E-Spectrum Advisors LLC, led by its CEO Coy
Gallatin, as asset sale advisor.

Alvarez & Marsal Global Forensic and Dispute Services, LLC, has
been engaged to provide computer forensics and related services.

Goldking Holdings disclosed $16,170 in assets and $11,484,881 in
liabilities as of the Chapter 11 filing.

Judy A. Robbins, United States Trustee for the Southern District
of Texas, appointed a three-member official committee of unsecured
creditors.


GRAND CENTREVILLE: Has Exclusive Right to File Plan Thru March 17
-----------------------------------------------------------------
Judge Robert G. Mayer further extended the exclusive plan filing
period of Grand Centreville, LLC, through March 17, 2014, and its
corresponding exclusive solicitation period of any plan filed
through May 16, 2014.

The Debtor, in a second request, originally sought a July 31
Exclusive Plan Filing Deadline and a Sept. 29 Exclusive
Solicitation Period.

                   About Grand Centreville

Grand Centreville, LLC, filed a Chapter 11 petition (Bankr. E.D.
Va. Case No. 13-13590) on Aug. 2, 2013.  The petition was signed
by Michael L. Schuett, principal of Black Creek Consulting Ltd.,
the receiver.  Judge Robert G. Mayer presides over the case.
Paula S. Beran, Esq., and Lynn L. Tavenner, Esq., at Tavenner &
Beran, PLC, in Richmond, Va., represent the Debtor as counsel.

The Debtor owns the real property located at 13810-13860 Braddock
Road, Centreville, Virginia.  In its schedules, the Debtor
disclosed $40,550,046 in assets and $26,247,602 in liabilities as
of the petition date.

Wells Fargo Bank, N.A. -- as trustee for the registered holders of
JP Morgan Chase Commercial Mortgage Securities Corp., Commercial
Mortgage Pass-Through Certificates, Series 2005-CIBC13, the
secured creditor of Grand Centreville, LLC -- has sought dismissal
of the Debtor's Chapter 11 case.  It insists that the bankruptcy
case was filed in bad faith and that the Receiver has no standing
to file the bankruptcy petition.  Hearing on the matter is set for
March 11, 2014.


GREEN EARTH: Posts $1.7 Million Net Income in Dec. 31 Quarter
-------------------------------------------------------------
Green Earth Technologies, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $1.72 million on $616,000 of net sales for the three
months ended Dec. 31, 2013, as compared with a net loss of $4.34
million on $1.27 million of net sales for the same period during
the prior year.

For the six months ended Dec. 31, 2013, the Company reported a net
loss of $99,000 on $1.75 million of net sales as compared with a
net loss of $4.97 million on $3.35 million of net sales for the
same period a year ago.

The Company's balance sheet at Dec. 31, 2013, showed $8.44 million
in total assets, $21.40 million in total liabilities and a $12.95
million total stockholders' deficit.

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

                        http://is.gd/JnVWqk

                  About Green Earth Technologies

White Plains, N.Y.-based Green Earth Technologies, Inc. (OTC QB:
GETG) -- http://www.getg.com/-- markets, sells and distributes
bio-degradable performance and cleaning products.  The Company's
product line crosses multiple industries including the automotive
aftermarket, marine and outdoor power equipment markets.

Green Earth reported a net loss of $6.59 million on $8.03 million
of net sales for the year ended June 30, 2013, as compared with a
net loss of $11.26 million on $7.38 million of net sales during
the prior year.

Friedman LLP, in East Hanover, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2013.  The independent auditors noted
that the Company's losses, negative cash flows from operations,
working capital deficit, related party note currently in default
and its ability to pay its outstanding liabilities through fiscal
2014 raise substantial doubt about its ability to continue as a
going concern.


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

As reported in the Troubled Company Reporter on Feb. 4, 2014, the
Examiner needs 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 RSA 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.

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.

Steven A. Felsenthal has been appointed as examiner in the
Debtors' cases.

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


HALLIBURTON CO: Top Court to Take Up Securities Suit
----------------------------------------------------
Jacob Gershman, writing for The Wall Street Journal, reported that
the Supreme Court is taking up the contested legal theory that
underpins most big securities class-action lawsuits in a case that
could reshape the balance of power between companies and the
lawyers who sue them.

According to the report, the fraud-on-the-market theory, which, in
essence, lets aggrieved investor join forces in court without ever
having to show a direct connect between each shareholder's losses
and the alleged fraud, led to a surge in securities lawsuits after
a divided Supreme Court enshrined it in 1988.  The Journal, citing
Cornerstone Research, a litigation-consulting firm, noted that
between 1997 and 2013, more than 3,200 securities class actions
were filed, yielding over $75 billion in settlements and billions
in fees for plaintiffs' and defense lawyers.

The case, which will be heard next Wednesday, comes as the Supreme
Court's conservative wing is showing an increasing willingness to
rein in large lawsuits against companies such as Comcast Corp. and
Wal-Mart Stores Inc., the report said.  The case now before the
court involves a 12-year-old lawsuit regarding investors who
bought shares in Halliburton between 1999 and 2001.

The plaintiffs accuse the oil-field services company of misleading
investors about its accounting of cost overruns, exaggerating the
benefits of its 1998 merger with Dresser Industries, and
concealing its exposure to asbestos liabilities, the report
related.  They allege that when the real information was
disclosed, Halliburton's stock price took a dive. Halliburton,
which denies it made any misrepresentations, disputes that there
was any price impact.

If the Supreme Court reverses its 1988 ruling in the case called
Basic v. Levinson, which first embraced the fraud-on-the-market
concept, plaintiffs' lawyers say they expect that Congress would
consider restoring the "fraud-on-the-market" doctrine by passing a
new law, Nicholas Porritt, a partner at Levi & Korsinsky LLP who
represents plaintiffs in securities class-action litigation, told
the Journal.


HELIOVOLT CORP: Struggles After Investor Cancels Solar Plans
------------------------------------------------------------
Yuliya Chernova, writing for DBR Small Cap, reported that
HelioVolt Corp . was one of the last of the large cohort of
American venture-backed solar manufacturing startups still
standing. Now it's the company's turn to fold manufacturing and
lay off most employees.

According to the report, in the past two weeks, two board members
representing HelioVolt's largest investor and its one-time savior,
South Korea's conglomerate SK Group, told company management that
SK changed its plans in the solar sector and won't be supporting
HelioVolt's manufacturing plans, according to HelioVolt founder
and Chief Science Officer B.J. Stanbery.


HIGHWAY TECHNOLOGIES: Creditors' Meeting Set for March 11
---------------------------------------------------------
A meeting of creditors will be convened in the Chapter 7 cases of
Highway Technologies Inc. and HTS Acquisition Inc. on March 11,
2014, at 2:00 p.m. at 844 King Street, Room 2112, Wilmington, DE
19801.

A representative of the Debtors is required to be presented at the
meeting to be questioned under oath by the trustee and by
creditors.

Creditors are welcome to attend, but are not required to do so.

                    About Highway Technologies

Highway Technologies Inc. and affiliate HTS Acquisition Inc.
sought Chapter 11 protection (Bankr. D. Del. Case Nos. 13-11325 to
13-11326) on May 22, 2013, to conduct an orderly liquidation.

Richard M. Pachulski, Esq., Debra I. Grassgreen, Esq., Bruce
Grohsgal, Esq., Maria A. Bove, Esq., and John W. Lucas, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as counsel to the
Debtors.  Kurtzman Carson Consultants LLC is the claims and notice
agent.

The prepetition lenders are represented by David M. Hilllman,
Esq., at Schulte Roth & Zabel, in New York.

The Company's balance sheet as of March 31, 2013, showed
$55 million in total assets and $102 million in liabilities.  In
its amended schedules, Highway Technologies disclosed $41,350,616
in assets and $91,780,181 in liabilities.

Mark D. Collins, Esq., at Richards, Layton & Finger, P.A.
represents the Official Unsecured Creditors' Committee as counsel.
Gavin/Solmonese LLC serves as the Committee's financial advisor.

At the behest of the Debtors, the Court converted the Chapter 11
cases to liquidation under Chapter 7 of the Bankruptcy Code on
Dec. 20, 2013.

Kurtzman Carson Consultants LLC was discharged from its engagement
as the Debtors' notice and claims agent effective as of the
Chapter 7 conversion date.

Also on Dec. 20, 2014, Charles A. Stanziale, Jr., was named as the
Interim Chapter 7 trustee of the Debtors' cases.  McCarter &
Engligh, LLP, was picked to present the Trustee.


HIGHWAY TECHNOLOGIES: General Claims Bar Date Set for June 9
------------------------------------------------------------
Creditors in the bankruptcy case of Highway Technologies Inc., et
al., are notified that they have until June 9, 2014, to file
claims against the Debtors.

Governmental units, on the other hand, are given until Aug. 6,
2014, to file their own claims in the Debtors' cases.

                    About Highway Technologies

Highway Technologies Inc. and affiliate HTS Acquisition Inc.
sought Chapter 11 protection (Bankr. D. Del. Case Nos. 13-11325 to
13-11326) on May 22, 2013, to conduct an orderly liquidation.

Richard M. Pachulski, Esq., Debra I. Grassgreen, Esq., Bruce
Grohsgal, Esq., Maria A. Bove, Esq., and John W. Lucas, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as counsel to the
Debtors.

The prepetition lenders are represented by David M. Hillman,
Esq., at Schulte Roth & Zabel, in New York.

The Company's balance sheet as of March 31, 2013, showed
$55 million in total assets and $102 million in liabilities.  In
its amended schedules, Highway Technologies disclosed $41,350,616
in assets and $91,780,181 in liabilities.

Mark D. Collins, Esq., at Richards, Layton & Finger, P.A.
represents the Official Unsecured Creditors' Committee as counsel.
Gavin/Solmonese LLC serves as the Committee's financial advisor.

At the behest of the Debtors, the Court converted the Chapter 11
cases to liquidation under Chapter 7 of the Bankruptcy Code on
Dec. 20, 2013.

Kurtzman Carson Consultants LLC was discharged from its engagement
as the Debtors' notice and claims agent effective as of the
Chapter 7 conversion date.

Also on Dec. 20, 2014, Charles A. Stanziale, Jr., was named as the
Interim Chapter 7 trustee of the Debtors' cases.  McCarter &
Engligh, LLP, was picked to present the Trustee.


HIGHWAY TECHNOLOGIES: Seeks to Confirm Settlement with Quirozes
---------------------------------------------------------------
Charles A. Stanziale, Jr., in his capacity as the Chapter 7
Trustee for Debtors Highway Technologies, Inc., et al., asks the
Bankruptcy Court to confirm that a confidential settlement
agreement the Debtors entered into as of Dec. 20, 2013 -- with
Vincent Quiroz and Barbara Quiroz -- is effective and binding on
the Debtors' bankruptcy cases.

The Settlement provides for a resolution of a lawsuit initiated by
the Quirozes and the withdrawal of the proof of claim filed by the
Quirozes against the Debtors' bankruptcy estates.

The lawsuit was commenced by the Quirozes before the Petition Date
in the Superior Court for the State of Arizona (Maricopa County)
asserting claims against the Debtors, Arch Insurance Company and
others for, inter alia, bad faith denial of insurance coverage and
breach of contract.

On Jan. 14, 2014, the Quirozes withdrew their proof of claim
against the Debtors' estates.

After the conversion of the Debtors' cases into Chapter 7 on Dec.
20, 2013, counsel to Arch Insurance Company, on behalf of all the
non-debtor parties to the Settlement, requested the Chapter 7
Trustee to execute the Stipulation of Dismissal.

Accordingly, the Chapter 7 Trustee also seeks Court authority to
execute the Stipulation of Dismissal.

                    About Highway Technologies

Highway Technologies Inc. and affiliate HTS Acquisition Inc.
sought Chapter 11 protection (Bankr. D. Del. Case Nos. 13-11325 to
13-11326) on May 22, 2013, to conduct an orderly liquidation.

Richard M. Pachulski, Esq., Debra I. Grassgreen, Esq., Bruce
Grohsgal, Esq., Maria A. Bove, Esq., and John W. Lucas, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as counsel to the
Debtors.

The prepetition lenders are represented by David M. Hillman,
Esq., at Schulte Roth & Zabel, in New York.

The Company's balance sheet as of March 31, 2013, showed
$55 million in total assets and $102 million in liabilities.  In
its amended schedules, Highway Technologies disclosed $41,350,616
in assets and $91,780,181 in liabilities.

Mark D. Collins, Esq., at Richards, Layton & Finger, P.A.
represents the Official Unsecured Creditors' Committee as counsel.
Gavin/Solmonese LLC serves as the Committee's financial advisor.

At the behest of the Debtors, the Court converted the Chapter 11
cases to liquidation under Chapter 7 of the Bankruptcy Code on
Dec. 20, 2013.

Kurtzman Carson Consultants LLC was discharged from its engagement
as the Debtors' notice and claims agent effective as of the
Chapter 7 conversion date.

Also on Dec. 20, 2014, Charles A. Stanziale, Jr., was named as the
Interim Chapter 7 trustee of the Debtors' cases.  McCarter &
Engligh, LLP, was picked to present the Trustee.


IMAGEWARE SYSTEMS: Jon Gruber Stake at 5% as of Dec. 31
-------------------------------------------------------
Jon D. Gruber and his affiliates disclosed in a Schedule 13G filed
with the U.S. Securities and Exchange Commission that as of
Dec. 31, 2013, they beneficially owned 4,226,493 shares of common
stock of Imageware Systems representing five percent of the shares
outstanding.  A copy of the regulatory filing is available for
free at http://is.gd/2nzDZc

                       About ImageWare Systems

Headquartered in San Diego, California, ImageWare Systems, Inc.,
is a leader in the emerging market for software-based identity
management solutions, providing biometric, secure credential, law
enforcement and enterprise authorization.  Its "flagship" product
is the IWS Biometric Engine.  Scalable for small city business or
worldwide deployment, the Company's biometric engine is a multi-
biometric platform that is hardware and algorithm independent,
enabling the enrollment and management of unlimited population
sizes.  The Company's identification products are used to manage
and issue secure credentials, including national IDs, passports,
driver licenses, smart cards and access control credentials.  Its
law enforcement products provide law enforcement with integrated
mug shot, fingerprint LiveScan and investigative capabilities.
The Company also provides comprehensive authentication security
software.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss of $8.05 million.  Imageware Systems incurred a net loss
of $10.19 million in 2012, following a net loss of $3.18 million
in 2011.

The Company's balance sheet at Sept. 30, 2013, showed $8.57
million in total assets, $4.72 million in total liabilities and
$3.85 million in total shareholders' equity.


INTRALINKS INC: Moody's Rates New $80MM Sr. Secured Debt 'B2'
-------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Intralinks,
Inc.'s proposed senior secured credit facility comprising a $80
million term loan due 2019. Concurrently, Moody's affirmed
Intralinks' B2 corporate family rating ("CFR") and upgraded its
probability of default rating ("PDR") to B2-PD from B3-PD. The
company plans to use net proceeds from the new term loans to
refinance its existing credit facilities. Moody's also upgraded
the company's Speculative-Grade Liquidity rating to SGL-2 from
SGL-3. The ratings outlook is stable.

Moody's views the refinancing as an event that supports the B2
CFR, and is a key factor in the upgrade of the company's liquidity
rating to SGL-2. This transaction addresses a near term
refinancing requirement for Intralinks, as proceeds from the
proposed term loan will be used to refinance the existing $75
million term loan due June 2014, along with fees and OID.
Intralinks' total debt does not change materially as a result of
this transaction. Moody's estimates that leverage (Debt to EBITDA,
including Moody's adjustments) will remain at approximately 2.8
times pro forma for the LTM period ended September 2013. Moreover
Moody's recognizes the progress that Intralinks has made towards
stabilizing revenues and profitability as the company continues
through a difficult transition phase in its long term growth
strategy, amidst an increasingly competitive operating environment
. If the company achieves its operating goals, Moody's estimates
that Intralinks' leverage could decline toward 2.3 times by the
end of 2014, while generating a modest amount of free cash flow
after investments in critical product development initiatives and
operational infrastructure over this period. However, Moody's
continue to view the company's business risks as high,
characterized by uncertain prospects of new product offerings
designed to meet growth targets and high costs associated with
implementing these plans.

Upgrades:

Issuer: Intralinks, Inc.

Probability of Default Rating, Upgraded to B2-PD from B3-PD

Speculative Grade Liquidity Rating, Upgraded to SGL-2 from SGL-3

Assignments:

Issuer: Intralinks, Inc.

Senior Secured Bank Credit Facility due 2019, Assigned B2 (LGD3,
47 %)

Outlook Actions:

Issuer: Intralinks, Inc.

Outlook, Remains Stable

Affirmations:

Issuer: Intralinks, Inc.

Corporate Family Rating, Affirmed B2

Ratings Rationale

Intralinks' B2 CFR is supported by Intralinks' leading position
and a long operating history as a pure-play provider of secure
online workspaces, moderate financial leverage, and growing end-
market and geographical revenue diversity. Intralinks' rating is
constrained by Moody's expectation of slow earnings recovery,
small overall scale, modest free cash flow generation and weak
interest coverage over the next few years. The rating also
incorporates Moody's view that the virtual data room market is
characterized by relatively low barriers to entry and increasing
competitive threats from new and existing market participants.

The Probability of Default Rating was changed to B2-PDR from B3-
PDR due to the introduction of a $10 million ABL facility to
Intralinks' debt structure. As such, a 50% Family Recovery rate
was applied to Intralinks' ratings per Moody's Loss Given Default
Methodology ("LGD"), resulting in the equilibration of the CFR and
PDR ratings. For this reason, Intralinks' new term loan facility
is rated B2, which is the same as the CFR, but is one notch below
the B1 rating on the term loan due 2014 that it replaces. Although
the new term loan represents essentially all of the company's
funded debt, this facility ranks junior to the ABL facility per
LGD, and is estimated to incur a higher amount of loss in the
event of default than the term loan it replaces. The B1 rating on
the refinanced term loan will be withdrawn on close of
transaction.

The stable outlook reflects Moody's expectations that Intralinks'
revenue and EBITDA will modestly improve through 2014, and the
company will maintain good liquidity.

The ratings could be downgraded if the company experiences
material revenue and earnings deterioration or sustained negative
free cash flow. Additionally, a deterioration in liquidity, debt-
financed dividends or share buybacks, or acquisitions that raise
financial and execution risks could pressure the ratings.

The ratings could be upgraded if Intralinks achieves sustained
revenue, EBITDA and cash flow growth as a result of successful
efforts to grow market share. An upgrade would require of the
company to a good liquidity profile as it grows, and throughout
the business cycle, resulting in consistent solid free cash
generation. Additionally, interest coverage sustained above 2
times (EBITDA-CapEx)/interest expense would support higher rating
consideration.

The principal methodology used in this rating was the Global
Business & Consumer Service Industry Rating Methodology published
in October 2010. Other methodologies used include Loss Given
Default for Speculative-Grade Non-Financial Companies in the U.S.,
Canada and EMEA published in June 2009.

Intralinks, Inc. is a leading provider of online workspaces that
enable businesses to securely collaborate, communicate and
exchange information inside and outside the enterprise security
firewalls. Intralinks reported revenues of approximately $229
million for LTM period ended in September 2013.


IRISH BANK: Court Denies Approval of Deal with Tampa Port
---------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware, for reasons stated in open court, denied
without prejudice the proposed sale of Irish Bank Resolution
Corporation Limited's Florida property to the Tampa Port
Authority.

Law360 reported that Judge Sontchi found that the bank had not
adequately pursued a higher offer for the asset.

As previously reported by the Troubled Company Reporter, Kieran
Wallace and Eamonn Richardson, the foreign representative of IBRC,
entered into an agreement with the Port, which agreement provides
for the assignment of (i) IBRC's interest in March 23, 2006 note
in the amount of $27,000,000, (ii) the mortgage securing the note,
and (ii) the assignment of leases given by Channelside Bay Mall,
LLC, as the lessee of the Channelside Bay Plaza, located at 615
Channelside Drive, in Tampa, Florida, given to Anglo Irish Bank
Corporation Limited, the predecessor of IBRC.  The settlement also
provides mutual releases of both parties from all claims held by
either party against the other in connection with

As consideration and payment for assignment of the Note, the
Mortgage and the Assignment of Leases, the Port agrees to pay
$5,750,000 to IBRC.

The settlement met objection from Liberty Channelside, LLC, who
became involved in discussions with the Debtor about acquiring its
position.  Liberty Channelside complained that the Port Authority
has offered only slightly more to the Debtor for full and
immediate control of the Leased Property than Liberty was willing
to pay for the Loan Documents alone, i.e. to buy a lawsuit.
Liberty asserted that the Sale Motion should not be authorized
under Rule 9019(a) of the Federal Rules of Bankruptcy Procedure
because the settlement terms are not fair and equitable, within
the range of reasonableness, or in the best interests of the
Debtor and its creditors and parties-in-interest, as evidenced by
Liberty's willingness and ability to maximize the value of the
estate by paying more to the Debtor.

In response to Liberty Channelside's objection, the Port argued
that Liberty is still attempting to prevent the sale of the
mortgage and note -- for a greater amount -- to the Port, and is
continuing to use the Court in an effort to obtain a ground lease
which does not belong to IBRC, but rather belongs to the Port and
a state-court appointed receiver.  The Port also argued that
Liberty does not have standing to object to the motion for
settlement as it was not a party to the loan purchase agreement.

The Foreign Representatives told the Court that the sole objector,
Liberty Channelside, is a "disgruntled bidder with no standing to
complain."  The Foreign Representatives add that the objection is
based on a false premise -- that the Debtor owns the subject
ground lease.  Contrary to Liberty's contentions, the Debtor never
acquired the ground lease and therefore cannot sell it, the
Foreign Representatives said.

Liberty Channelside is represented by Stephen M. Miller, Esq. --
smiller@morrisjames.com -- and Eric J. Monzo, Esq. --
emonzo@morrisjames.com -- at MORRIS JAMES LLP, in Wilmington,
Delaware; and John A. Anthony, Esq. --
janthony@anthonyandpartners.com -- and Edmund S. Whitson, Esq. --
ewhitson@anthonyandpartners.com -- at Anthony & Partners, LLC, in
Tampa, Florida.

The Port is represented by Kathleen M. Miller, Esq. --
kmiller@skjlaw.com -- at SMITH, KATZENSTEIN & JENKINS LLP, in
Wilmington, Delaware; and Jason B. Burnett, Esq. --
jason.burnett@gray-robinson.com -- David S. Hendrix, Esq. --
david.hendrix@gray-robinson.com -- and Alissa M. Ellison, Esq. --
alissa.ellison@gray-robinson.com -- at GrayRobinson, P.A., in
Tampa, Florida.

The Foreign Representatives are represented by Van C. Durrer, II,
Esq., and Annie Li, Esq., at SKADDEN, ARPS, SLATE, MEAGHER & FLOM
LLP, in Los Angeles, California.

                   About Irish Bank Resolution

Irish Bank Resolution Corp., the liquidation vehicle for what was
once one of Ireland's largest banks, filed a Chapter 15 petition
(Bankr. D. Del. Case No. 13-12159) on Aug. 26, 2013, to protect
U.S. assets of the former Anglo Irish Bank Corp. from being
seized by creditors.  Irish Bank Resolution sought assistance
from the U.S. court in liquidating Anglo Irish Bank Corp. and
Irish Nationwide Building Society.  The two banks failed and were
merged into IBRC in July 2011.  IBRC is tasked with winding them
down and liquidating their assets.  In February, when Irish
lawmakers adopted the Irish Bank Resolution Corp., IBRC was
placed into a special liquidation in the Irish High Court to
complete liquidation and distribution of the two banks' assets.

IBRC's principal asset as of June 2012 was a loan portfolio
valued at some EUR25 billion (US$33.5 billion). About 70 percent
of the loans were to Irish borrowers. Some 5 percent of the
portfolio was under U.S. law, according to a court filing.  Total
liabilities in June 2012 were about EUR50 billion, according
to a court filing.

Most assets in the U.S. have been sold already.  IBRC is involved
in lawsuits in the U.S.

IBRC was granted protection under Chapter 15 of the U.S.
Bankruptcy Code in December 2013.


IRISH BANK: Lone Star Funds Unit Authorized to Buy Loan Tranche
---------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware, approved the sale of certain loan assets
(collectively called the "Tranche 14 U.S. Loans") of Irish Bank
Resolution Corporation Limited to LSF VIII Pine Investments
Limited, an affiliate of Lone Star Funds.

Tranche 14 contains approximately 475 Irish-originated corporate
loans, involving 52 borrowers.  The nominal gross loan balance of
the Tranche 14 loan portfolio is approximately EUR3.5 billion.
The Tranche 14 loans include certain assets within the territorial
jurisdiction of the United States.  The Tranche 14 U.S. Loans
include loans for which: (a) certain collateral is located in the
United States; (b) one or more borrowers are organized under the
laws of, or a citizen of, the United States; (c) one or more
guarantor(s) are organized under the laws of, or a citizen of, the
United States; or (d) the loan amount is denominated in United
States dollar in circumstances where there are additional factors
that lead the Foreign Representatives to seek approval for the
sale of the loan.

The Debtor never revealed the purchase price, saying it is highly
commercially sensitive information.  The Debtor said bidding on
portfolios consisting of its other assets is continuing, and
preserving the confidentiality of the purchase price will allow
IBRC to obtain the highest and best price for its other loan
assets.

All objections, including the objection raised by MPA Granada
Highlands LLC and TBCI, LLC, as trustee, are overruled.  MPA
Granada and TBCI, who are U.S. entities that entered into loan
agreements with the Debtor, complained that the Liquidators have
cloaked the sale process in a veil of secrecy by not revealing the
valuation or purchase price of the assets that they propose to
sell.  The Borrowers argued that the Court should require an open
and transparent auction as a means of satisfying itself that the
sale price being paid for the Debtor's assets is fair.

The Borrowers are represented by David M. Fournier, Esq., and
Michael J. Custer, Esq., at PEPPER HAMILTON LLP, in Wilmington,
Delaware; and Jacqueline Marcus, Esq., and David Griffiths, Esq.,
at WEIL, GOTSHAL & MANGES LLP, in New York.

                   About Irish Bank Resolution

Irish Bank Resolution Corp., the liquidation vehicle for what was
once one of Ireland's largest banks, filed a Chapter 15 petition
(Bankr. D. Del. Case No. 13-12159) on Aug. 26, 2013, to protect
U.S. assets of the former Anglo Irish Bank Corp. from being
seized by creditors.  Irish Bank Resolution sought assistance
from the U.S. court in liquidating Anglo Irish Bank Corp. and
Irish Nationwide Building Society.  The two banks failed and were
merged into IBRC in July 2011.  IBRC is tasked with winding them
down and liquidating their assets.  In February, when Irish
lawmakers adopted the Irish Bank Resolution Corp., IBRC was
placed into a special liquidation in the Irish High Court to
complete liquidation and distribution of the two banks' assets.

IBRC's principal asset as of June 2012 was a loan portfolio
valued at some EUR25 billion (US$33.5 billion). About 70 percent
of the loans were to Irish borrowers. Some 5 percent of the
portfolio was under U.S. law, according to a court filing.  Total
liabilities in June 2012 were about EUR50 billion, according
to a court filing.

Most assets in the U.S. have been sold already.  IBRC is involved
in lawsuits in the U.S.

IBRC was granted protection under Chapter 15 of the U.S.
Bankruptcy Code in December 2013.


JAMES F. WALDRON: Lakewood Avenue Property to Be Sold March 18
--------------------------------------------------------------
The Chapter 7 Trustee for the bankruptcy estate of James F.
Waldron, Jr., (Bankr. W.D. Pa. Case No. 13-21158-CMB, Adv. Proc.
No. 14-02035-CMB) has filed a "Complaint to Sell Real Property
Free and Divested of Liens" regarding the property at 1024
Lakewood Avenue, Pittsburgh, Pennsylvania 15220 (Allegheny County
Tax Parcel No. 0020-L-00259-0000-00) to Steve McClary and Sue
McClary, 2230 Ridgewood Road, Alamo, California 94507, for
$33,000.

On or before March 17, 2014, any objections must be filed with the
U.S. Bankruptcy Court, 5414 U.S Steel Tower, 600 Grant Street,
Pittsburgh, PA 15219, with a copy served on all interested
parties.  A hearing is scheduled for March 18, 2014 at 1:30 p.m.,
before Judge Carlota M. Bohm in Courtroom B, 54th Floor, U.S.
Steel Tower, 600 Grant Street, Pittsburgh, Pennsylvania 15219, at
which time higher/better offers will be considered and objections
to the sale will be heard.  Potential bidders must provide $1,000
as hand money in certified funds before placing a bid.

Arrangements for inspection prior to said sale hearing may be made
with:

     Jeffrey J. Sikirica
     Chapter 7 Trustee
     121 Northbrook Dr., Pine Township
     Gibsonia, PA 15044
     Tel: 724-625-2566
     Fax: 724-625-4611
     E-mail: TrusteeSikirica@consolidated.net


LILY GROUP: D. Smith Designated as LGI's Authorized Agent
---------------------------------------------------------
Lily Group Inc. obtained a court order designating David Smith,
the company's mine superintendent, as the authorized person to act
on behalf of the company in matters relating to its Chapter 11
case.

The decision came following the resignation of Lily Group Chief
Executive Officer P. Richard Risinger and the company's president
Ronald Hutchcraft.

The decision handed down last week by U.S. Bankruptcy Judge Frank
Otte authorized Mr. Smith to execute the company's sale agreement
with LC Energy Holdings Inc., which emerged as the winning bidder
at an auction held on Jan. 27.

The agreement calls for the sale of Lily Group's major assets to
the secured lender.  The deal is subject to the bankruptcy judge's
approval.

                        About Lily Group Inc.

Lily Group Inc., the developer of an open-pit coal mine in Green
County, Indiana, filed a petition for Chapter 11 reorganization
(Bankr. S.D. Ind. Case No. 13-81073) on Sept. 23, 2013, in Terre
Haute, estimating assets and debt both exceeding $10 million.

The Debtor is represented by Courtney Elaine Chilcote, Esq., and
David R. Krebs, Esq., at Tucker, Hester, Baker & Krebs, LLC, in
Indianapolis, Indiana.

U.S. Trustee Nancy J. Gargula appointed four members to the
official committee of unsecured creditors in the Chapter 11 cases
of Lily Group Inc. Faegre Baker Daniels LLP represents the
Committee.


LLS AMERICA: Trustee May Recoup C$1.18-Mil. From Elm Construction
-----------------------------------------------------------------
Chief District Judge Rosanna Malouf Peterson on Feb. 7 entered a
default judgment in the case, BRUCE P. KRIEGMAN, solely in his
capacity as court-appointed Chapter 11 Trustee for LLS America,
LLC, Plaintiff, v. ELM CONSTRUCTION, LTD., Defendant, Case No.
2:12-CV-424-RMP, Adv. Pro. No. 09-06194-PCW11, Consolidated Case
No. 11-80099-PCW11 (E.D. Wash.).

According to Judge Peterson, the Chapter 11 Trustee will have a
judgment against Elm Construction, as follows:

     1. Monetary Judgment in the amount of C$1,186,666.85,
        pursuant to 11 U.S.C. Sec. 550 and RCW 19.40.071;

     2. Transfers in the amount of C$739,742.21 made to the
        Defendant within four years prior to the Petition
        Filing Date are avoided, and the Plaintiff may take all
        necessary action to preserve the same, pursuant to
        11 U.S.C. Sections 544, 550, 551, and 548(a) and (b),
        and RCW 19.40.041(1) and (2), and RCW 19.40.071;

     3. Transfers in the amount of C$446,924.64 made to the
        Defendant more than four years prior to the Petition
        Filing Date should be avoided, and the Plaintiff should
        be authorized to take all necessary action to preserve
        the same, pursuant to 11 U.S.C. Sections 544, 550, and
        551, and RCW 19.40.041(1) and RCW 19.40.071;

     4. All the transfers to Elm Construction are set aside, and
        the Plaintiff is entitled to recover the same, or the
        value thereof, from Elm Construction for the benefit of
        the estate of LLS America, pursuant to 11 U.S.C. Sections
        544, 550, and 551;

     5. All proofs of claim of the Defendant which have been
        filed or brought or which may hereafter be filed or
        brought by, on behalf of, or for the benefit of Elm
        Construction, or its affiliated entities, against the
        Debtor's estate, in this bankruptcy or related
        bankruptcy proceedings, are disallowed and subordinated
        to the monetary judgment, and Elm Construction will not
        be entitled to collect on its proof of claim (Claim No.
        418-1) until the monetary judgment is satisfied by Elm
        Construction in full, pursuant to 11 U.S.C. Sections
        502(d), 510(c)(1) and 105(a);

     6. A constructive trust is established over the proceeds
        of all transfers in favor of the Trustee for the benefit
        of the estate of LLS America; and

     7. Plaintiff is awarded costs (i.e. filing fee) in the
        amount of US$250.00, for a total judgment of
        C$1,186,666.85, plus US$250.00, which will bear interest
        equal to the weekly average of one-year constant
        maturity (nominal) treasury yield as published by the
        Federal Reserve System.

A copy of the Feb. 7, 2014 Default Judgment is available at
http://is.gd/vlXHbRfrom Leagle.com.

                     About Little Loan Shoppe

LLS America LLC, doing business as Little Loan Shoppe, operated an
online payday loan business.  Affiliate Team Spirit America
provided the manpower, management and equipment for Little Loan
Shoppe.  The companies are among a multitude of Canadian and
American business entities owned and operated by Doris E. Nelson,
a/k/a Dee Nelson, a/k/a Dee Foster.  Investors claimed Ms. Nelson
operated a Ponzi scheme.  Ms. Nelson allegedly told investors they
could earn as much as 60% on money her companies used to make
payday loans to consumers.  American and Canadian investors bought
notes worth US$29 million and another C$26,000,000.  However, the
investors received no payments after March 2009.

One investor group placed a related company, LLS-A LLC, into
bankruptcy in July 10, 2009.

LLS America LLC filed for bankruptcy (Bankr. D. Nev. Case No.
09-23021) on July 21, 2009, before Judge Linda B. Riegle.  Gregory
E. Garman, Esq., at Gordon Silver, served as the Debtor's counsel.
In its petition, the Debtor disclosed $2,661,584 in assets and
$24,013,837 in debts.  The petition was signed by Ralph Gamble,
CEO of the Company.

The case was subsequently moved to Washington state (Bankr. E.D.
Wash. Case No. 09-06194).  Charles Hall was appointed as examiner
in the case.


MCCLATCHY CO: Earns $12.5 Million in Fourth Quarter
---------------------------------------------------
The McClatchy Company reported net income of $12.52 million on
$344.72 million of net revenues for the three months ended
Dec. 29, 2013, as compared with a net loss of $30.01 million on
$376.49 million of net revenues for the quarter ended Dec. 30,
2012.

For the year ended Dec. 29, 2013, the Company reported net income
of $18.80 million on $1.24 billion of net revenues as compared
with a net loss of $144,000 on $1.31 billion of net revenues for
the year ended Dec. 30, 2012.

Commenting on McClatchy's 2013 fourth quarter results, Pat
Talamantes, McClatchy's president and CEO, said, "We ended 2013 on
a positive note.  The total revenue trend improved this quarter
compared to both the proforma13-week fourth quarter of 2012 and
the third quarter of 2013, driven by improvement in both
advertising and circulation revenue trends.  And on a comparable
basis, adjusted net income in the 2013 quarter was slightly ahead
of the estimated 13-week fourth quarter of 2012.  We also continue
to make great strides in growing our digital audience as evidenced
by the 19.7% growth in monthly unique visitors and 83.0% growth in
mobile monthly unique visitors compared to the same quarter last
year.  We generated additional liquidity this quarter, having
received $38.7 million in cash distributions from our equity
investments for a total of $42.4 million in 2013.  We ended the
year with $80.8 million in cash and have only $29 million in debt
principal coming due in late 2014 and then no maturities until the
second half of 2017.  Importantly, our digital transformation
continues. We are executing on our revenue diversification
initiatives and digital growth strategies, and we look forward to
2014 with optimism."

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

                         http://is.gd/QCi8l2

                     About The McClatchy Company

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

The Company's balance sheet at Sept. 29, 2013, showed $2.60
billion in total assets, $2.54 billion in total liabilities and
$60.25 million in stockholders' equity.

                           *     *     *

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

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


MCCLATCHY CO: Contrarius Stake at 10.6% as of Dec. 31
-----------------------------------------------------
Contrarius Investment Management Limited and Contrarius Investment
Management (Bermuda) Limited disclosed in an amended Schedule 13G
filed with the U.S. Securities and Exchange Commission that as of
Dec. 31, 2013, they beneficially owned 6,493,431 shares of Class A
common stock of The McClatchy Company representing 10.6 percent of
the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/EdsYiU

                     About The McClatchy Company

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

The Company's balance sheet at Sept. 29, 2013, showed $2.60
billion in total assets, $2.54 billion in total liabilities and
$60.25 million in stockholders' equity.

For the year ended Dec. 29, 2013, the Company reported net income
of $18.80 million on $1.24 billion of net revenues as compared
with a net loss of $144,000 on $1.31 billion of net revenues for
the year ended Dec. 30, 2012.

                           *     *     *

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

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


MDU COMMUNICATIONS: KCG Stake at 9% as of Dec. 31
-------------------------------------------------
KCG Americas LLC disclosed in a Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of Dec. 31, 2013, it
beneficially owned 510,938 shares of common stock of MDU
Communications International, Inc., representing 9 percent based
on outstanding shares reported in the Company's Form 10-Q filed
with the SEC for the period ended June 30, 2013.  A copy of the
regulatory filing is available at http://is.gd/L4ubGQ

                      About MDU Communications

Totowa, New Jersey-based MDU Communications International, Inc.,
is a national provider of digital satellite television, high-speed
Internet, digital phone and other information and communication
services to residents living in the United States multi-dwelling
unit market -- estimated to include 32 million residences.

The Company reported a net loss of $6.4 million on $27.3 million
of revenue for fiscal year ended Sept. 30, 2012, compared with a
net loss of $7.4 million on $27.9 million of revenue for 2011.

As of June 30, 2013, MDU Communications had $16.70 million in
total assets, $32.23 million in total liabilities and a $15.53
million total stockholders' deficiency.

"In order for the Company to continue operations, it needs to
raise additional capital, sell assets or merge with another
entity.  The Company has been actively pursuing various
initiatives aimed at resolving its need for additional capital,
namely asset sales and/or a merger.  The asset sale negotiations
have met with some success with proceeds supplementing cash flow
and reducing the Credit Facility, but negotiations have not yet
resulted in larger asset sales.  On July 9, 2012, the Company
executed a merger agreement with Multiband Corporation
("Multiband"), whereby the Company would effectively become an
operating subsidiary of Multiband.  The merger agreement and
negotiations were terminated by Multiband on May 22, 2013 when
Multiband entered into an agreement for itself to be acquired.
The Company's ability to close large asset sales or to consummate
a merger remains uncertain.  Unless the Company is able, in the
near-term, to raise additional capital, close additional asset
sales or enter into a merger, there is substantial doubt about the
Company's ability to continue as a going concern," according to
the Company's quarterly report for the period ended June 30, 2013.

CohnReznick LLP, in Roseland, New Jersey, expressed substantial
doubt about MDU's ability to continue as a going concern following
the financial results for the year ended Sept. 30, 2012.  The
independent auditors noted that the Company has incurred
significant recurring losses, has a working capital deficit, and
an accumulated deficit of $75 million at Sept. 30, 2012.  They
also noted that the Company's $30 million Credit Facility matures
on June 30, 2013.


MI PUEBLO: Has Interim Authority to Obtain $32.7MM in DIP Loans
---------------------------------------------------------------
Judge Arthur S. Weissbrodt of the U.S. Bankruptcy Court for the
Northern District of California, San Jose Division, gave Mi Pueblo
San Jose, Inc., interim authority to borrow up to an aggregate
amount of $32,752,145 from Victory Park Capital Advisors, LLC, on
behalf of one or more entities for which it acts as investment
manager and any other lenders acceptable to it, and Victory Park
Management, LLC, as administrative and collateral agent for the
DIP Lenders; provided, however, borrowings prior to entry of a
final order will be limited to an initial disbursement of
$28,752,145.

The Court will convene a hearing on March 6, 2014, at 10:30 a.m.,
to consider final approval of the request.  Objections are due
Feb. 28.

The Interim Order provides that the terms for repayment of the
$1.9 million debtor in possession loan made from Juvenal Chavez to
the Debtor are modified as follows: (a) $475,000 of the Chavez DIP
Loan will remain a secured loan retaining its lien against the
collateral of the Prepetition Lender and the DIP Lender; and (b)
the remaining $1,425,000 of the Chavez DIP Loan will be treated
pari passu with the 503(b)(9) Claims; provided, however, that Mr.
Chavez will, by agreement, not participate in distributions from
the 503(b)(9) Fund up to an amount not to exceed $490,000.
Nothing in the Interim DIP Order reduces the amounts owing to Mr.
Chavez on the Chavez DIP Loan or allows or permits non-payment on
any distributions to holders of 503(b)(9) Claims other than with
respect to the Initial 503(b)(9) Fund.

A full-text copy of the 13-week cash forecast is available for
free at http://bankrupt.com/misc/MIPUEBLOcf0218.pdf

Judge Weissbrodt also authorized the Debtor to execute and deliver
a discounted payoff agreement with Wells Fargo Bank, N.A., which
gave its consent to the granting of the DIP Motion, subject to the
satisfaction of certain conditions, including, among other things,
the entry of the DPO, which provides that a portion of the
discounted payoff amount to be paid by Mi Pueblo to the Bank will
be used to collateralize undrawn letters of credit previously
issued by the Bank on behalf of Mi Pueblo for the benefit of
various third party beneficiaries and that the cash necessary to
collateralize these accounts will be deposited in a collateral
control account to be maintained by the Bank.

Unified Grocers, Inc., a holder of a $1,307,207 administrative
expense claim, also gave its support to the approval of the DIP
motion.

Tracy Hope Davis, U.S. Trustee for Region 17, objected to the
motion, complaining that it does not know if the amount of funding
is appropriate.  The U.S. Trustee also complained that the
"waivable financing fees" of $2,178,463 appear to be unreasonable
in amount, and violate the Court's Guidelines for Cash Collateral
& Financing Motions & Stipulations.  The fees, according to the
U.S. Trustee, effectively tie the Debtor's hands with respect to
how it can proceed in the case.

The Official Committee of Unsecured Creditors appointed in the
Debtor's Chapter 11 case complained that the motion characterizes
the transaction as a DIP financing, but in reality, it is "much
more, and much worse, than that."  The Committee pointed out that
if the transaction is approved, the Debtor, as well as its sister
company, Cha Cha Enterprises, will pay off their prepetition debt
to Wells Fargo, which will also get a release, and then give
releases to the Debtor's insider-guarantors.  Moreover, the
Committee said if the transaction is approved, the Debtors will
grant liens on their few remaining unencumbered assets in favor of
VPC, and thereby prevent unsecured creditors from ever having
access to those assets or their value.  If the Transaction is
approved, everyone, including the Debtors and the Committee, will
effectively be precluded from filing a plan of reorganization that
VPC does not like, and VPC will have the exclusive right to
acquire all assets of the Debtors' estates, the Committee
asserted.

Wells Fargo is represented by ROBERT B. KAPLAN, P.C., Esq.,
NICOLAS DE LANCIE, Esq., and WALTER W. GOULDSBURY III, Esq., at
JEFFER MANGELS BUTLER & MITCHELL LLP, in San Francisco,
California.

Unified Grocers is represented by ERIC A. NYBERG, Esq. --
e.nyberg@kornfieldlaw.com -- and CHRIS D. KUHNER, Esq. --
c.kuhner@kornfieldlaw.com -- at KORNFIELD, NYBERG, BENDES &
KUHNER, P.C., in Oakland, California.

The U.S. Trustee is represented by Edwina E. Dowell, Esq., and
John S. Wesolowski, Esq. -- john.wesolowski@usdoj.gov -- Office of
the United States Trustee, U.S. Department of Justice, in San
Jose, California.

The Committee is represented by ERIC D. GOLDBERG, Esq., GABRIEL I.
GLAZER, Esq., and DANIELLE A. PHAM, Esq., at STUTMAN, TREISTER &
GLATT, PROFESSIONAL CORPORATION, in Los Angeles, California.

                     About Mi Pueblo San Jose

Mi Pueblo San Jose, Inc., filed a Chapter 11 petition (Bankr. N.D.
Calif. Case No. 13-53893) in San Jose, California, on July 22,
2013.  An affiliate, Cha Cha Enterprises, LLC, sought Chapter 11
protection (Case No. 13-53894) on the same day.  The cases are not
jointly administered.

In its amended schedules, Mi Pueblo disclosed $61,577,296 in
assets and $68,735,285 in liabilities as of the Petition Date.

Heinz Binder, Esq., at Binder & Malter, LLP, is the Debtor's
general reorganization counsel.  The Law Offices of Wm. Thomas
Lewis, sometimes doing business as Robertson & Lewis, is the
Debtor's special counsel.  Avant Advisory Partners, LLC serves as
its financial advisors. Bustamante & Gagliasso, P.C. serves as its
special counsel.

The U.S. Trustee appointed seven members to the Official Committee
of Unsecured Creditors.  Protiviti Inc. serves as financial
advisor.  Stutman, Treister & Glatt P.C. serves as counsel to the
Committee.


MINI MASTER: Files Schedules of Assets and Liabilities
------------------------------------------------------
Mini Master Concrete Services Inc. filed with the Bankruptcy Court
for the District of Puerto Rico its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $7,525,436
  B. Personal Property            $7,754,175
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $5,956,829
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $51,394
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $8,349,538
                                 -----------      -----------
        TOTAL                    $15,279,612      $14,366,761

Mini Master Concrete aka Mini Master aka Empresas Master filed a
Chapter 11 petition (Bankr. D. P.R. Case No. 13-10302) on Dec. 11,
2013, in Old San Juan, District of Puerto Rico.  Charles Alfred
Cuprill, Esq., at Charles A Cuprill, PSC Law Office, in San Juan,
in Puerto Rico, serves as counsel to the Debtor.  The petition was
signed by Carmen Betancourt, president.


MINI MASTER: Files List of 20 Largest Unsecured Creditors
---------------------------------------------------------
Mini Master Concrete Services, Inc. on Feb. 14 submitted to the
Bankruptcy Court a list that identifies its top 20 unsecured
creditors.

Creditors with the three largest claims are:

  Entity                    Nature of Claim          Claim Amount
  ------                    ---------------          ------------
Departmento de Hacienda     Exercise Taxes             $1,460,195

PR Electric Power           Electric Power Services      $334,160
  Authority                 - Plan

CRIM                         Property Tax                $265,688

A full text copy of the unsecured creditors list is available free
at http://bankrupt.com/misc/MASTERAGGREGATES_29_creditorslist.pdf

Mini Master Concrete aka Mini Master aka Empresas Master filed a
Chapter 11 petition (Bankr. D. P.R. Case No. 13-10302) on Dec. 11,
2013, in Old San Juan, District of Puerto Rico.  The Debtor
scheduled $15,279,612 in total assets and $14,366,761 in total
liabilities.  Charles Alfred Cuprill, Esq., at Charles A Cuprill,
PSC Law Office, in San Juan, in Puerto Rico, serves as counsel to
the Debtor.  The petition was signed by Carmen Betancourt,
president.


MT GOX CO: Bitcoin Exchange Planning to File for Bankruptcy
-----------------------------------------------------------
The New York Times' Nathaniel Popper and Rachel Abrams reported
that a number of leading Bitcoin companies on Monday night jointly
announced that Tokyo, Japan-based Mt.Gox Co. Ltd., the largest
exchange for most of Bitcoin's existence, was planning to file for
bankruptcy after months of technological problems and what
appeared to have been a major theft.

The NY Times said a document circulating widely in the Bitcoin
world said the company had lost 744,000 Bitcoins in a theft that
had gone unnoticed for years.  That amount represents 6% of the
12.4 million Bitcoins in circulation.

Mark Karpeles, Mt. Gox's CEO, on Feb. 23, 2014, resigned from the
board of the Bitcoin Foundation.  The next day, Mt. Gox suspended
all trading, and hours later its website went offline, returning a
blank page.

On its Web site, MtGox posted a letter to customers, saying: "In
light of recent news reports and the potential repercussions on
MtGox's operations and the market, a decision was taken to close
all transactions for the time being in order to protect the site
and our users. We will be closely monitoring the situation and
will react accordingly.  Best regards, MtGox Team"

The NY Times' William Alden and Rachel Abrams reported that
venture capitalist Marc Andreessen, whose firm has invested
millions of dollars in Bitcoin-related start-ups, drew a
comparison to MF Global, the brokerage firm that filed for
bankruptcy in 2011.  "This is like MF Global, not some huge
breakdown of the underlying technology or other exchanges," Mr.
Andreessen said in comments aired by CNBC on Tuesday morning.
"Bitcoin protocol is unchanged and other Bitcoin exchanges and
companies are doing fine."  A full-text copy of the article is
available at http://is.gd/wcPFpr

Edward Hadas, an economics editor at Reuters Breakingviews, said
in an article there is no bailout for Bitcoin holders.  A full-
text copy of the article is available at http://is.gd/zEpNbM


MT GOX: Broken Walls Set Course for Bitcoin's 'Lehman Moment'
-------------------------------------------------------------
Neelabh Chaturvedi, writing for The Wall Street Journal, reported
that the ongoing troubles at bitcoin exchange Mt. Gox highlight a
risk for investors: where, in the virtual-currency world, are the
boundaries between broker, exchange and clearing house?

According to the report, details of Mt. Gox's current financial
troubles, and its inner workings, are still sketchy, but it
appears the company has variously operated as all three: it took
customers' deposits, held their bitcoins, executed trades and
exchanged bitcoins for cash.

According to one account, Mt. Gox appears to have lost -- or lost
track of -- some of the bitcoins customers kept with it, the
report related.  It wasn't clear what, if anything, Mt. Gox has
done with its customers' bitcoin as its website remained shut.

"The Mt. Gox case is the Lehman Brothers moment for digital
currencies. This is a wake-up call for everyone and there will be
major ramifications," said Mark T. Williams, who teaches finance
at Boston University and has studied bitcoin skeptically, told the
Journal.

"These exchanges are holding client funds but behaving more like
boiler-room brokers," he said, the report cited.  "The whole
bitcoin exchange infrastructure has been built on clay feet."


NESBITT PORTLAND: Third Amended Plan Declared Effective Feb. 13
---------------------------------------------------------------
The Third Amended Consensual Chapter 11 Plan of Reorganization of
Nesbitt Portland Property LLC and its debtor-affiliates was
declared effective on Feb. 13, 2014.

The Hon. Robin L. Riblet of the U.S. Bankruptcy Court for the
Central District of California confirmed the Third Amended
Chapter 11 reorganization plan in October 2013.  The Plan was
filed by Embassy Suites hotel operators together with secured
lender U.S. Bank NA.

HLT Existing Franchise Holding LLC and Embassy Suites Franchise
LLC objected to the Plan, arguing that it would wrongly require
them to alter their standard agreements to suit U.S. Bank.

The Plan, as reported by the Troubled Company Reporter, calls for
selling off seven Embassy Suites brand hotels and an eighth Texas
hotel to new franchisors.  The hotels were put up for auction in
an attempt to cover at least $193 million in outstanding lender
claims -- including a defaulted $187.5 million loan plus interest.
A copy of the Court's Findings of Fact and Order confirming the
Plan signed on Oct. 4, 2013, is available at no extra charge at:

     http://bankrupt.com/misc/Nesbitt_Plan_Order_Oct2013.pdf

The TCR reported that the Bankruptcy Court has been slated to hold
a hearing regarding the status of the Debtors' post-confirmation
efforts on March 28, 2014, and the Debtors will, no later than
March 21, 2014, file a status report containing a general report
on progress in consummating the Plan.

                  About Nesbitt Portland Property

Windsor Capital Group Inc. CEO Patrick M. Nesbitt sent hotel-
companies to Chapter 11 bankruptcy to stop a receiver named by
U.S. Bank National Association from taking over eight hotels,
seven of which are operated as Embassy Suites brand hotels.  The
eighth hotel, located in El Paso, Texas, was previously operated
as an Embassy Suites hotel, but lost its franchise agreement.
The eight hotels were pledged by the Debtors as collateral for the
loans with U.S. Bank.

According to http://www.wcghotels.com/Santa Monica-based Windsor
Capital owns and/or operates 23 branded hotels in 11 states across
the U.S.  Windsor Capital is the largest private owner and
operator of Embassy Suites hotels.

In the case U.S. Bank vs. Nesbitt Bellevue Property LLC, et al.
(S.D.N.Y. 12 Civ. 423), U.S. Bank obtained approval from the
district judge in June to name Alan Tantleff of FTI Consulting,
Inc., as receiver for:

* Embassy Suites Colorado Springs in Colorado;
* Embassy Suites Denver Southeast in Colorado;
* Embassy Suites Cincinnati - Northeast in Blue Ash, Ohio;
* Embassy Suites Portland - Washington Square in Tigard, Oregon;
* Embassy Suites Detroit - Livornia/Novi in Michigan;
* Embassy Suites El Paso in Texas;
* Embassy Suites Seattle - North/Lynwood in Washington; and
* Embassy Suites Seattle - Bellevue in Washington

The receiver obtained district court permission to engage Crescent
Hotels and Resorts LLC to manage the eight hotels.  But before Mr.
Adam could take physical possession of the properties and take
control of the Hotels, the eight borrowers filed Chapter 11
petitions (Bankr. C.D. Cal. Lead Case No. 12-12883) on
July 31, 2012, in Santa Barbara, California.

The debtor-entities are Nesbitt Portland Property LLC; Nesbitt
Bellevue Property LLC; Nesbitt El Paso Property, L.P.; Nesbitt
Denver Property LLC; Nesbitt Lynnwood Property LLC; Nesbitt
Colorado Springs Property LLC; Nesbitt Livonia Property LLC; and
Nesbitt Blue Ash Property LLC.

Bankruptcy Judge Robin Riblet presides over the cases.  The
Jonathan Gura, Esq., and Peter Susi, Esq., at Susi & Gura, PC; and
Joseph M. Sholder, Esq., at Griffith & Thornburgh LLP, represent
the Debtor as counsel.  Alvarez & Marsal North American, LLC,
serves as financial advisors.

Attorneys at Kilpatrick Townsend & Stockton LLP represented the
Debtors in the receivership case.

On Sept. 5, 2012, the Debtors filed with the Court their schedules
of assets and liabilities.  Nesbitt Portland scheduled
$29.4 million in assets and $192.3 million in liabilities.
Nesbitt Portland's hotel property is valued at $27.19 million, and
secures a $191.9 million debt to U.S. Bank.

A chief restructuring officer, Grant Lyon, was appointed as part
of the plan support agreement reached by the parties.  The CRO
supervised the sale process contemplated under the Chapter 11
plan.  The CRO tapped Allegiant Investors LLC as hotel consultant.


NET ELEMENT: Transfers Interests in T1T LAB to T1T Group
--------------------------------------------------------
Net Element, Inc., executed an Assignment of Membership Interest
in favor of T1T Group, LLC, on Feb. 11, 2014.  Pursuant to that
assignment, the Company transferred to T1T Group all of the
Company's Interests in T1T LAB, LLC, in consideration for the
Company being released from all of its obligations to T1T LAB, LLC
(including the obligations to make capital contributions to T1T
LAB, LLC).

The Company previously owned 10 percent of the membership interest
in T1T LAB, LLC.  Upon that assignment, the Company has no further
interests or obligations to T1T LAB, LLC.  Oleg Firer, previously
appointed as an "Executive" of T1T LAB, LLC, resigned his position
with that entity effective Feb. 11, 2014.

On Feb. 8, 2014, Dmitry Kozko, who was previously in charge of
operations of certain entities which were recently divested by the
Company, formally resigned as director and Officer of the Company.

                         About Net Element

Miami, Fla.-based Net Element International, Inc. (formerly Net
Element, Inc.,) currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element incurred a net loss of $16.38 million in 2012
following a net loss of $24.85 million in 2011.  The Company's
balance sheet at Sept. 30, 2013, showed $26.85 million in total
assets, $37.26 million in total liabilities and a $10.40 million
total stockholders' deficit.

Daszkal Bolton LLP, in Fort Lauderdale, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has experienced recurring losses and has an
accumulated deficit and stockholders' deficiency at December 31,
2011.  These conditions raise substantial doubt about its ability
to continue as a going concern.


NII HOLDINGS: UBS AG Stake at 8.2% as of Dec. 31
------------------------------------------------
UBS AG (for the benefit and on behalf of the UBS Global
Asset Management division of UBS AG) disclosed in an amended
Schedule 13G filed with the U.S. Securities and Exchange
Commission that as of Dec. 31, 2013, it beneficially owned
14,224,403 shares of common stock of NII Holdings, Inc.,
representing 8.25 percent of the shares outstanding.  A copy of
the regulatory filing is available at http://is.gd/ObrYca

                        About NII Holdings

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

                             *   *    *

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

In the May 20, 2013, edition of the TCR, Moody's Investors Service
downgraded the corporate family rating of NII Holdings Inc. to B3
from B2.  The downgrade reflects the company's heightened
leverage, declining operating performance, and the high execution
risk related to the company's ongoing 3G network investment cycle.


NII HOLDINGS: Capital World Stake at 10.5% as of Dec. 31
--------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Capital World Investors disclosed that as of
Dec. 31, 2013, it beneficially owned 18,194,205 shares of common
stock of NII Holdings representing 10.5 percent of the shares
outstanding.  A copy of the regulatory filing is available for
free at http://is.gd/iskKOL

                        About NII Holdings

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

                             *   *    *

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

In the May 20, 2013, edition of the TCR, Moody's Investors Service
downgraded the corporate family rating of NII Holdings Inc. to B3
from B2.  The downgrade reflects the company's heightened
leverage, declining operating performance, and the high execution
risk related to the company's ongoing 3G network investment cycle.


NORTEL NETWORKS: To Put Proceeds in Treasury While Creditors Fight
------------------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
Nortel Networks Corp. is investing the $7.3 billion it raised by
selling its businesses in U.S. Treasury bills due to a decision by
J.P. Morgan Chase Bank NA to discontinue the account products that
have held the escrowed funds.

According to the report, the onetime telecommunications giant
filed for insolvency protection in the U.S., Canada and elsewhere
in 2009 and sold off its operations and patent portfolio.

The money raised in the sale has been sitting in collateralized
money market deposit accounts at J.P. Morgan, awaiting the outcome
of a contest over the cash among Nortel's various national
factions, the report related.

The dispute is set to go to trial in May, and until it is decided
or a settlement is reached, creditors must wait for payment, the
report further related.

Nortel lawyers filed papers seeking U.S. court permission to move
the escrowed sale proceeds from accounts that J.P. Morgan is
discontinuing, which are collateralized with U.S. Treasury
obligations, into direct investments in Treasury bills, the report
said.

                       About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
business in more than 150 countries around the world.  Nortel
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates
commenced a proceeding with the Ontario Superior Court of Justice
under the Companies' Creditors Arrangement Act (Canada) seeking
relief from their creditors.  Ernst & Young was appointed to serve
as monitor and foreign representative of the Canadian Nortel
Group.  That same day, the Monitor sought recognition of the CCAA
Proceedings in U.S. Bankruptcy Court (Bankr. D. Del. Case No.
09-10164) under Chapter 15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of
NNI's European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy
Court for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., at Cleary Gottlieb
Steen & Hamilton, LLP, in New York, serves as the U.S. Debtors'
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.

The United States Trustee appointed an Official Committee of
Unsecured Creditors in respect of the U.S. Debtors.  An ad hoc
group of bondholders also was organized.

Fred S. Hodara, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
New York, and Christopher M. Samis, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware, represent the Official
Committee of Unsecured Creditors.

An Official Committee of Retired Employees and the Official
Committee of Long-Term Disability Participants tapped Alvarez &
Marsal Healthcare Industry Group as financial advisor.  The
Retiree Committee is represented by McCarter & English LLP as
Delaware counsel, and Togut Segal & Segal serves as the Retiree
Committee.  The Committee retained Alvarez & Marsal Healthcare
Industry Group as financial advisor, and Kurtzman Carson
Consultants LLC as its communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

Judge Gross and the court in Canada scheduled trials in 2014 on
how to divide proceeds among creditors in the U.S., Canada, and
Europe.


ONCURE HOLDINGS: Has Until March 11 to Remove Civil Actions
-----------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware extended the deadline by which Oncure Holdings Inc.
and its debtor-affiliates may remove civil actions until March 11,
2014.

                        About OnCure Holdings

Headquartered in Englewood, Colorado, OnCure Holdings, Inc. --
http://www.oncure.com/-- provides management services and
facilities to oncology physician groups throughout the country.

OnCure Holdings and its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 13-11540 to 13-11562) in
Wilmington on June 14, 2013.  Bradford C. Burkett signed the
petition as CEO.

On the Petition Date, the Debtors disclosed total assets of
$179,327,000 and total debts of $250,379,000.  There's at least
$15 million owing on a first-lien term loan facility, as well as
$210 million on prepetition secured notes.

Paul E. Harner, Esq., and Keith A. Simon, Esq., at Latham &
Watkins LLP, in New York, serve as the Debtors' lead bankruptcy
counsel.  Daniel J. DeFranceschi, Esq., at Richards, Layton &
Finger P.A., in Wilmington, Delaware, serves as the Debtors' local
Delaware counsel.  Kurtzman Carson Consultants is the claims and
notice agent.  Match Point Partners LLC provides management
services to OnCure.

OnCure Holdings emerged from Chapter 11 bankruptcy protection
after selling its assets to Radiation Therapy Services Inc. in a
deal valued at $125 million.


ORCAL GEOTHERMAL: Fitch Affirms BB Rating on $165MM Senior Notes
----------------------------------------------------------------
Fitch Ratings has affirmed OrCal Geothermal LLC's (OrCal) $165
million senior notes ($63 million outstanding) due in 2020 at
'BB'. The Rating Outlook is revised to Stable from Negative as a
new power purchase agreement (PPA) stabilizes long-term revenue.

Key Rating Drivers

Production Dependent on Plant Enhancements: The absence of
substitute fuel supply leaves OrCal exposed to the risk of
declining geothermal resource production. Production is dependent
on an active, sponsor-supported capital plan that could vary from
budget. (Supply Risk: Weaker).

Revenue Strengthened by New Contract: OrCal signed a new PPA with
Southern California Public Power Authority (SCPPA). As a result,
all of OrCal's capacity is now under contract through debt
maturity, significantly reducing revenue risk. Nevertheless, there
remains some price volatility, as one-third of total capacity is
exposed to Short Run Avoided Cost (SRAC) energy prices (tied to
natural gas pricing) through debt maturity. (Revenue Risk:
Midrange).

Continued Stable Operations: OrCal has maintained a stable cost
profile over the past few years (not including sponsor-funded
capital expenditures). The operator is a subsidiary of the project
sponsor and has significant experience operating geothermal
assets. (Operation Risk: Midrange).

Fully-amortizing Debt Structure: OrCal's fully amortizing debt
faces no refinancing risk and contains features typical of project
finance structures, such as a 6-month debt service reserve. (Debt
Structure: Midrange).

Financial Coverage to Improve: Before the new SCPPA PPA takes
effect, OrCal's financial coverage remains exposed to price
volatility, with a Fitch rating case DSCR average of 1.25x through
2015. From 2016 - 2020, the fixed energy pricing of the new
contract is expected to stabilize revenues, resulting in a DSCR
average of 1.58x and minimum of 1.29x.

RATING SENSITIVITIES

-- SRAC pricing below projections in Fitch's rating case could
   result in negative rating action.

-- Material deterioration in operating performance or a
   significant rise in operating costs and capital expenditures
   could result in negative rating action.

-- Following completion of the Heber 1 enhancements, stable
   production levels that meet sponsor projections could result in
   positive rating action. Conversely, enhancements that do not
   meet sponsor projections, or resource declines that exceed
   expectations, could result in negative rating action.

SECURITY

The senior notes are collateralized by a first priority lien on
the accounts, revenues, project agreements, real and personal
property or OrCal, and all the equity interests in the project.

CREDIT UPDATE

The rating affirmation reflects the expectation that OrCal's
operational profile will remain stable through debt maturity. The
'BB' rating indicates that OrCal's financial profile is vulnerable
to changes in resource production levels or market-based energy
prices. The Outlook revision to Stable reflects a significant
reduction in price risk through the addition of a new fixed-price
PPA.

OrCal recently signed a new PPA with Southern California Public
Power Authority (SCPPA) for the Heber 1/Gould 1 capacity
(approximately 50% of OrCal's total capacity). SCPPA is considered
a strong PPA counterparty, as the revenue obligations of the
participating members are highly rated. The two SCPPA
participating members are Los Angeles Department of Water and
Power (LADWP, 'AA-'/Stable) and the Imperial Irrigation District
(IID, 'A+'/Stable).

Under the current SCE contract, which continues through Dec. 2015,
Heber 1/Gould 1 earn SRAC energy pricing, and Fitch had previously
assumed OrCal would earn merchant pricing on this capacity beyond
2015. However, the shift to the SCPPA PPA introduces fixed energy
pricing from 2016 to 2025, significantly reducing exposure to
variable merchant pricing.

In 2014, OrCal expects to complete major enhancements to Heber 1
that include the installation of a new rotor, generator, and
control system to go along with new recently drilled wells. This
effort is expected to increase system reliability and increase
OrCal's overall production by over 10% from 2013 levels.

To fund these enhancements, OrCal drew on funds committed to the
project through a subordinate loan by owner Ormat Nevada. Under
the terms of the loan, OrCal can borrow up to $140 million ($110
million has been borrowed to date) and the loan is repaid with
cash available after debt service and is ultimately due in 2023
(three years after maturity of the Fitch rated notes). Management
indicated that the remaining $30 million under the loan will be
enough to cover remaining capital needs and maintain production at
expected levels through debt maturity. If further capital is
needed, Fitch notes that the project would either require a
further financial commitment from Ormat Nevada or would need to
fund capital expenditures out of project cash flow.

In developing a base case for long-term expected performance,
Fitch incorporated the new SCPPA PPA, as well as sponsor
expectations for production levels following the Heber 1
enhancements. In the resulting financial profile, DSCRs average
2.02x, with a minimum of 1.46x. The minimum occurs in 2014, when
two-thirds of OrCal's capacity is still subject to SRAC pricing.

Under the Fitch rating case, financial projections consider a
combination of stresses, including a 2.5% annual production
decline, 5% increase in operating expenses, and a low case for
SRAC price projections. In this scenario, DSCRs average 1.53x,
with a minimum of 1.20x. OrCal is particularly sensitive to low
SRAC prices over the next two years. However, a steeper than
expected production decline would erode cash flow over the long
term, placing emphasis on the importance of adequate capital
expenditures to maintain operational performance.

OrCal is a special-purpose company that was created to acquire the
Heber 1 and Heber 2 geothermal power facilities (the Heber power
plants) located in Imperial County, CA. OrCal also owns the Gould
1 and Gould 2 plants, and the Heber South power plant, which
became operational in 2008. OrCal is jointly owned by a tax-equity
investor and Ormat Nevada Inc. Ormat Nevada is a subsidiary of
Ormat Technologies, Inc., a vertically integrated owner and
developer of geothermal and other recovered energy projects.


OVERLAND STORAGE: Incurs $4.3 Million Net Loss in Fiscal Q2
-----------------------------------------------------------
Overland Storage, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $4.31 million on $10.63 million of net revenue for
the three months ended Dec. 31, 2013, as compared with a net loss
of $4.27 million on $12.59 million of net revenue for the same
period during the prior year.

For the six months ended Dec. 31, 2013, the Company incurred a net
loss of $8.90 million on $21.24 million of net revenue as compared
with a net loss of $9.13 million on $24.31 million of net revenue
for the same period last year.

As of Dec. 31, 2013, the Company had $31.62 million in total
assets, $34.93 million in total liabilities and a $3.30 million
total shareholders' deficit.

Eric Kelly, president and CEO of Overland Storage, said, "We feel
very good about our recent acquisition of Tandberg Data and are
moving forward with the integration of the two companies.  We are
focused on leveraging key areas where we believe we can drive
growth in the business, and believe the combination of the two
companies provides the scale and resources required for Overland
to become a profitable and growing company.  In addition, as we
continue to work to expand our set of innovative products, our
overall vision is to securely store data and provide access to the
applications and information from any device.  We believe the
integration of our storage technology, virtualization engines and
the mobility platform will address the needs of our customers and
one of the fastest growing segments of the storage market in a way
that no other company has been able to do in the past."

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

                         http://is.gd/30di97

                        Prospectus Amendments

Overland Storage separately filed post-effective amendments to its
registration statements relating to the offering of:

   (a) (i) 4,521,619 shares of common stock issued upon conversion
       of 794,659 shares of Series A Convertible Preferred Stock,
      (ii) 10,028,888 shares of common stock issuable upon
      exercise of warrants, or the Warrants, and (iii) 61,302
      shares of common stock issued upon exercise of a Warrant in
      July 2011; and

  (b) (i) 8,653,045 outstanding shares of common stock, (ii)
      3,898,703 shares of common stock issuable upon the exercise
      of outstanding warrants and (iii) 12,464 shares of common
      stock issued upon exercise of a warrant in June 2012.

The Post-Effective Amendment were being filed to convert the
Registration Statements into Registration Statements on Forms S-3.
In December 2013, the Company became eligible to use Form S-3 in
connection with the current offering.

                       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.

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.


OVERLAND STORAGE: Austin Marxe Stake at 18.2% as of Dec. 31
-----------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Austin W. Marxe and David M. Greenhouse
disclosed that as of Dec. 31, 2013, they beneficially owned
6,907,946 shares of common stock of Overland Storage, Inc.,
representing 18.2 percent of the shares outstanding.  The
reporting persons previously disclosed beneficial ownership of
3,190,389 common shares as of Dec. 31, 2011.  A copy of the
regulatory filing is available for free at http://is.gd/dDPMnn

                      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.

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.

As of Dec. 31, 2013, the Company had $31.62 million in total
assets, $34.93 million in total liabilities and a $3.30 million
total shareholders' deficit.


PERSONAL COMMUNICATIONS: Disclosure Statement Approved
------------------------------------------------------
Judge Alan S. Trust of the U.S. Bankruptcy Court for the Eastern
District of New York approved on Feb. 24 approved the disclosure
statement explaining Personal Communications Devices, LLC, et
al.'s Plan of Liquidation and scheduled an April 9, 2014, hearing
to consider confirmation of the Plan.

PCD sold its business in mid-October to competitor Quality One
Wireless LLC for $105 million.  As reported in the Troubled
Company Reporter on Jan. 16, 2014, the Plan provides for the
creation of a liquidating trust that will administer, liquidate
and distribute all remaining property of the Debtors, including
certain causes of action.

The sale fully paid off $105 million in secured debt either in
cash or from the buyer giving second-lien creditors a note for the
debt.  Under the Plan, unsecured creditors will receive pro rata
share of proceeds remaining after payment of allowed
administrative, allowed priority and allowed miscellaneous secured
claims.  The disclosure statement contains blank spaces with
respect to the estimated recovery for unsecured creditors.

Holders of equity interests won't receive anything.

Objections to the confirmation of the Plan are due April 2.

                            About PCD

Personal Communications Devices LLC and an affiliate, Personal
Communications Devices Holdings, LLC, filed for Chapter 11
bankruptcy (Bankr. E.D.N.Y. Case No. 13-74303) on Aug. 19, 2013,
in Central Islip, N.Y.  The Debtor disclosed $247,952,684 in
assets and $284,985,134 in liabilities as of the Chapter 11
filing.

PCD -- http://www.pcdphones.com-- was in the business of
providing carriers and manufacturers an array of product life
cycle management services that includes planning and development;
inventory; technical testing; quality control; forward and reverse
logistics; sell-in and sell-thru, marketing & warranty support.

PCD sold its assets to Quality One Wireless LLC for $105 million
in October 2013.  The bankruptcy auction was cancelled as no
competing offers were submitted.

Bankruptcy Judge Alan S. Trust oversees the case.  Attorneys at
Goodwin Procter, LLP and Togut, Segal & Segal, LLP serve as
counsel to the Debtors.  Epiq Bankruptcy Solutions, LLC, is the
claims and notice agent.  BG Strategic Advisors, LLC, is the
financial advisor.  Richter Consulting, Inc., is the investment
banker.

Q1W is advised by Raymond James and Associates, Inc. and Munsch
Hardt Kopf & Harr, P.C.

A three-member official committee of unsecured creditors was
appointed in the Chapter 11 case.  The Committee retained FTI
Consulting, Inc., as financial advisor, and Perkins Coie LLP as
counsel.


PLANDAI BIOTECHNOLOGY: Director Quits, New Director Appointed
-------------------------------------------------------------
Plandai Biotechnology, Inc., accepted the resignation of David
Rzepnicki from the Board of Directors.  Mr. Rzepnicki had no
disagreements with management or the Company related to
operations, policies or practices.

To fill the vacancy left by Mr. Rzepnicki's resignation, the
remaining board members appointed Jamen Shively to fill the
remainder of the term, which expires at the next annual meeting of
shareholders.

Jamen Shively, age 45, has a background in engineering and
marketing, with specialties in artificial intelligence, the
modeling and optimization of complex networks, and the creation
and positioning of new categories of products and services.  Jamen
founded Diego Pellicer Inc. in 2012, and built the brand from zero
to the #1 most recognized brand of cannabis in the world in less
than one year.  Prior to founding Diego Pellicer, Jamen worked for
Microsoft from 2003 - 2009 as the Corporate Strategy Manager,
where he focused on the creation and development of new categories
of software products and online services.  During this time, Jamen
also founded and headed the online marketplace for the specialty
food industry, Findood, winning first place in the Northwest
Entrepreneur Network's First Look Forum Competition for the top
new startup in 2010.  Prior to 2003, he headed Shively
International Inc., which built and operated both cybercafes and
educational computer centers in Mexico.  Before founding Shively
International, he worked for Cemex in Mexico and was the designer
of the Tactical System for Cemex, which, using an artificial
intelligence technology which Jamen developed, determines the
optimal production and distribution plan for all of Cemex cement
products worldwide.  Just prior to founding Diego Pellicer Inc.,
Jamen completed his undergraduate work at U.C. Berkeley in Civil
Engineering, and did graduate work at M.I.T. and U.C. Berkeley in
Civil Engineering and Materials Science. He is a Fellow of the
National Science Foundation.

                           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.

As reported by the TCR on Feb. 4, 2014, Plandai Biotechnology
accepted the resignation of Patrick Rodgers, CPA, P.A., as its
independent certifying accountant.  The Company's Board of
Directors approved the engagement of Terry L. Johnson, CPA, as
replacement.


PLATINUM STUDIOS: KCG Americas Stake at 6.4% as of Dec. 31
----------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, KCG Americas LLC disclosed that as of Dec. 31, 2013,
it beneficially owned 27,928,407 shares of common stock of
Platinum Studios, Inc., representing 6.4 percent based on
outstanding shares reported in the Company's 10-Q filed with the
SEC for the period ended Sept. 30, 2011.  A copy of the regulatory
filing is available for free at http://is.gd/zMDqJ3

                      About Platinum Studios

Los Angeles, Calif.-based Platinum Studios, Inc., controls a
library consisting of more than 5,000 characters and is engaged
principally as a comics-based entertainment company adapting
characters and storylines for production in film, television,
publishing and all other media.

The Company reported a net loss of $9.94 million on $2.27 million
of revenue for the year ended Dec. 31, 2010, compared with a net
loss of $3.38 million on $292,940 of revenue during the prior
year.

The Company also reported a net loss of $13.83 million on
$10.47 million of net revenue for the nine months ended Sept. 30,
2011, compared with a net loss of $1.70 million on $2.24 million
of net revenue for the same period during the prior year.

The Company's balance sheet at Sept. 30, 2011, showed
$1.75 million in total assets, $29.70 million in total
liabilities, all current, and a $27.94 million total shareholders'
deficit.  The Company has not filed any periodic report after the
filing of its Form 10-Q for the period ended Sept. 30, 2011.

The Company is also delinquent in payment of $116,308 for payroll
taxes as of Sept. 30, 2011, and in default of certain of its short
term notes payable including it $4,916,665 note payable to
Standard Chartered Bank.  These matters raise substantial doubt
about the Company's ability to continue as a going concern.
As reported by the TCR on April 21, 2011, HJ Associates &
Consultants, LLP, in Salt Lake City, Utah, expressed substantial
doubt about the Company's ability to continue as a going concern,
following the 2010 financial results.  The independent auditors
noted that the Company has suffered recurring losses from
operations which have resulted in an accumulated deficit.


POWER BALANCE: Case Management Conference in "CFC" Suit Reset
-------------------------------------------------------------
In the case, C.F.C., minor, by and through CHRISTINE F., his
parent and guardian, on behalf of himself and all others similarly
situated, Plaintiff, v. POWER BALANCE LLC; a Delaware Limited
Liability Company. Defendants, Case No. 3:11-CV-00487-EMC (N.D.
Cal.), District Judge Edward M. Chen granted the request of
Plaintiff C.F.C., minor, by and through Christine F., his parent
and guardian, vacating the Case Management Conference scheduled
for Feb. 13, 2014, and resetting it to a date in April 2014.

The Plaintiff intends to seek dismissal of the case.

A copy of the Court's Feb. 7, 2014 Order is available at
http://is.gd/5iQ764from Leagle.com.

Mark N. Todzo, Esq., and Howard Hirsch, Esq., at LEXINGTON LAW
GROUP, in San Francisco, CA; and Christopher M. Burke, Esq., at
SCOTT + SCOTT LLP, in San Diego, CA, argue for Plaintiff, C.F.C.,
a minor, by and through Christine F., his parent and guardian.

                About Power Balance Technologies

Power Balance LLC filed for Chapter 11 (Bankr. C.D. Cal. Case
No. 11-25982) on Nov. 18, 2011.  Judge Theodor Albert presides
over the case. Garrick A. Hollander, Esq., at Winthrop Couchot,
serves as the Debtor's counsel.  In its petition, Power Balance
estimated $1 million to $10 million in assets and $10 million to
$50 million in debts.  The petition was signed by Henry G.
Adamanym, Jr., chairman.

Power Balance -- http://www.powerbalance.com-- is the creator of
the original Power Balance Performance Technology(TM) silicone
wristband and the leader in the market for Performance Technology
sports accessories.  The company is headquartered in Orange
County, CA and distributes its products in the US and
internationally in more than 40 countries.


POWER BALANCE: 3rd Amended Liquidating Plan Approved in December
----------------------------------------------------------------
An order issued by a district court in San Francisco, California,
earlier this month indicated that the U.S. Bankruptcy Court for
the Central District of California approved Power Balance LLC's
Third Amended Chapter 11 Liquidating Plan at a Dec. 19, 2013
hearing, however the order confirming the plan has not yet been
entered by the Court.

The District Court case is, C.F.C., minor, by and through
CHRISTINE F., his parent and guardian, on behalf of himself and
all others similarly situated, Plaintiff, v. POWER BALANCE LLC; a
Delaware Limited Liability Company. Defendants, Case No. 3:11-CV-
00487-EMC (N.D. Cal.).

                About Power Balance Technologies

Power Balance LLC filed for Chapter 11 (Bankr. C.D. Cal. Case
No. 11-25982) on Nov. 18, 2011.  Judge Theodor Albert presides
over the case. Garrick A. Hollander, Esq., at Winthrop Couchot,
serves as the Debtor's counsel.  In its petition, Power Balance
estimated $1 million to $10 million in assets and $10 million to
$50 million in debts.  The petition was signed by Henry G.
Adamanym, Jr., chairman.

Power Balance -- http://www.powerbalance.com-- is the creator of
the original Power Balance Performance Technology(TM) silicone
wristband and the leader in the market for Performance Technology
sports accessories.  The company is headquartered in Orange
County, CA and distributes its products in the US and
internationally in more than 40 countries.


PRECISION OPTICS: Austin Marxe Stake at 39.2% Stake at Dec. 31
--------------------------------------------------------------
Austin W. Marxe, David M. Greenhouse and Adam C. Stettner
disclosed in an amended Schedule 13D filed with the U.S.
Securities and Exchange Commission that as of Dec. 31, 2013, they
beneficially owned 2,049,877 shares of common stock of Precision
Optics representing 39.2 percent of the shares outstanding.  They
previously reported beneficial ownership of 1,361,790 common
shares at Sept. 30, 2012.  A copy of the regulatory filing is
available for free at http://is.gd/aVaxnS

                      About Precision Optics

Headquartered in Gardner, Massachusetts, Precision Optics
Corporation, Inc., has been a developer and manufacturer of
advanced optical instruments since 1982.  The Company designs and
produces high-quality micro-optics, medical instruments and other
advanced optical systems.  The Company's medical instrumentation
line includes laparoscopes, arthroscopes and endocouplers and a
world-class product line of 3-D endoscopes for use in minimally
invasive surgical procedures.

Precision Optics reported a net loss of $210,721 for the three
months ended Sept. 30, 2013.  Precision Optics incurred a net loss
of $1.78 million for the year ended June 30, 2013, following net
income of $960,972 for the year ended June 30, 2012.

The Company's balance sheet at Sept. 30, 2013, showed $2.17
million in total assets, $642,657 in total liabilities, all
current, and $1.53 million in total stockholders' equity.


PREMIER PAVING: US Trustee Wants Chapter 11 Case Dismissed
----------------------------------------------------------
Richard A. Weiland, the U.S. Trustee for Region 19, asks the U.S.
Bankruptcy Court for the District of Colorado to dismiss the
Chapter 11 bankruptcy case of Premier Paving Inc. on these
grounds:

  a) The Debtor has not filed a post-confirmation quarterly report
     as required by the plan and the operating guidelines and
     reporting requirements of the US Trustee For Chapter 11
     Debtors In Possession and Chapter 11 Trustees.  The reports
     are due within 30 days following each calendar quarter.

  b) The Debtor has also failed to pay any fees for the fourth
     quarter of 2013, and still owes $650 for the third quarter of
     2013.  The US Trustee estimates that the Debtor owes
     $11,050 in past due fees; however, the US Trustee is unable
     to determine the precise amount of the fees payable because
     the post-confirmation quarterly report has not been filed.

The US Trustee noted that the Debtor's third amended plan of
reorganization dated July 9, 2013, was confirmed by order entered
Aug. 23, 2013.

                       About Premier Paving

Headquartered in Denver, Colorado Premier Paving Inc. --
http://www.premierpavinginc.com/-- operates a full-service
highway construction company, which services include paving,
grading and milling, geo-textiles, trucking, traffic control and
quality control.  Premier Paving also owns and operates an asphalt
plant.

Premier Paving filed for Chapter 11 bankruptcy (Bankr. D. Colo.
Case No. 12-16445) on April 2, 2012.  Judge Michael E. Romero
presides over the case.  In its petition, the Debtor estimated up
to $50 million in assets and debts.  The petition was signed by
David Goold, treasurer.

Lee M. Kutner, Esq., at Kutner Miller Brinen, P.C., serves as the
Debtor's counsel.  Pinnacle Real Estate Advisors LLC provides
professional broker services related to the sale of certain of the
Debtor's real estate assets.  The Official Unsecured Creditors
Committee is represented by J. Brian Fletcher, Esq., at Onsager,
Staelin & Guyerson, LLC.



PROSPECT SQUARE: Gets Interim Okay to Use Cash Collateral
---------------------------------------------------------
Judge Elizabeth E. Brown issued an amended interim order
authorizing Prospect Square 07 A, LLC, et al., to use the cash
collateral of their secured lender MSCI 2007-IQ16 Retail 9654,
LLC.

The Debtors may use the cash collateral strictly in accordance
with a budget, a copy of which is available for free at
http://bankrupt.com/misc/PROSPECTSQUARE_budgetfeb-may14.pdf--
subject only to a 5% expense line item deviation or as otherwise
agreed by the Secured Lender.

The Lender is granted a postpetition lien on all postpetition
rental income for the Debtors' 113,000 sq. ft. shopping center
project, all insurance proceeds from the Project, and all income
and assets of the Debtors to the extent that the use of the cash
collateral results in a decrease in the value of the Lender's
interest.

                About Prospect Square 07 A, LLC

Prospect Square 07 A, LLC, and related entities sought Chapter 11
bankruptcy protection from creditors (Bankr. D. Colo. Lead Case
No. 14-10896) in Denver on Jan. 29, 2014.

Prospect Square 07 A is a Single Asset Real Estate as defined in
11 U.S.C. Sec. 101(51B) with principal assets located at 9690
Colerain Avenue, Cincinnati, Ohio.  The Debtor listed $16 million
in assets and more than $12 million in liabilities.  Lee M.
Kutner, Esq., at Kutner Brinen Garber, P.C., in Denver, serves as
the Debtors' counsel.

The Debtors' Chapter 11 plan and disclosure statement are due
May 29, 2014.


PULSE ELECTRONICS: John Houston No Longer Serving as SVP, Sales
---------------------------------------------------------------
John Houston no longer serves as senior vice president, Sales of
Pulse Electronics Corporation, effective as of Feb. 15, 2014.  Mr.
Houston will be entitled to severance benefits under the Pulse
Electronics Corporation Executive Severance Policy.

                       About Pulse Electronics

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

The Company's balance sheet at Sept. 27, 2013, showed $188.22
million in total assets, $235.14 million in total liabilities and
a $46.92 million total shareholders' deficit.

Pulse Electronics incurred a net loss of $32.09 million for year
ended Dec. 28, 2012, a net loss of $47.92 million for the year
ended Dec. 30, 2011, and a net loss of $37.41 million for the year
ended Dec. 31, 2010.

As reported by the TCR on Juy 8, 2013, the Company dismissed
KPMG LLP as its independent registered public accounting
firm.  Grant Thornton LLP was hired as replacement.


QANTAS AIRWAYS: Posts Steep Loss, to Cut 5,000 Jobs
---------------------------------------------------
Ross Kelly, writing for The Wall Street Journal, reported that
Qantas Airways Ltd. said it would cut 5,000 jobs, sell airport
terminal leases, and defer aircraft deliveries as intense
competition sent it to a deep loss in the fiscal first-half.

According to the report, the Australian flag carrier also said it
would scrap routes, including flights between Perth and Singapore,
and suspend new growth at the Asian arm of low-cost offshoot
Jetstar.

Qantas booked a net loss for the six months through December of
235 million Australian dollars (US$211 million), compared with a
A$109 million profit in the same period a year earlier, the report
related.

"It's clear that the market Qantas operates in has changed, with
structural economic shifts exacerbated by an uneven playing field
in Australian aviation policy," Chief Executive Officer Alan Joyce
said in a statement, the report cited.

Like many global airlines, Qantas is struggling with sluggish
international demand, soaring jet-fuel costs and intense
competition from Middle Eastern carriers on international routes,
the report noted.

                       About Qantas Airways

Headquartered in Sydney, Australia, Qantas Airways Limited --
http://www.qantas.com.au/-- is an Australian airline company
engaged in the operation of international and domestic air
transportation services, and the provision of time definite
freight services.  Qantas is also engaged in the sale of
international and domestic holiday tours, and associated support
activities, including flight training, catering, passenger and
ground handling, and engineering and maintenance.  It is
organized into four segments: Qantas, Jetstar, Qantas Holidays
and Qantas Flight Catering.

As reported in the Troubled Company Reporter-Asia Pacific on
Jan. 13, 2014, Moody's Investors Service has downgraded to Ba2
from Baa3 Qantas Airways Limited's senior unsecured rating.
Qantas' short term rating has also been downgraded to NP (Not
Prime) from P-3. This concludes the review initiated on Dec. 5,
2013, following Qantas' announcement and market update that it was
now expecting an underlying loss before tax of AUD250 to AUD300
million for the six months ended Dec. 31, 2013.

At the same time, Moody's has assigned a Corporate Family Rating
(CFR) of Ba1 to Qantas. The CFR, which is typically assigned to
non-investment grade corporates, reflects Moody's opinion on
Qantas' ability to honour its financial obligations as if it had a
single class of debt and a single consolidated legal entity
structure. The outlook for the ratings is negative.


REGAL ENTERTAINMENT: Fitch Rates New 8-Yr. Unsecured Notes 'B/RR5'
------------------------------------------------------------------
Fitch Ratings assigns a rating of 'B/RR5' to Regal Entertainment
Group's proposed eight-year senior unsecured notes. The new notes
will rank pari passu with Regal's existing senior unsecured notes.
Proceeds from the issuance are expected to fund the company's
tender offer for the remaining $311.4 million aggregate principal
amount of its 9.125% senior notes due 2018.

The notes will be issued under the Jan. 17, 2013 base indenture
and has a three-year soft call protection. Covenants include
limitation on consolidated debt (net interest coverage greater
than 2x incurrence test), limitation on restricted payments (a
basket that increases based on, among other factors, the excess of
EBITDA over 1.7x interest expense) and limitation on liens
(standard carve-outs exist in addition to an incurrence test of
2.75x net senior secured leverage). In addition, the indenture
includes a change of control provision that is triggered if any
person (except for the Anschutz Company and any of its affiliates)
becomes the beneficial owner of 50% or more of the voting stock of
Regal. Other change of control triggers include a majority change
in the Board of Directors, the liquidation or dissolution of
Regal, and/or if all or substantially all of Regal's and its
subsidiaries' assets are sold. There are cross payment
default/cross acceleration provisions (among Regal and Regal
Cinemas) in regard to defaulted/accelerated debt in excess of $25
million.

Regal intends to use the net proceeds after tender or, if the
tender offer is terminated, for general corporate purposes and for
repayment of debt at Regal or Regal Cinemas Corporation.

Fitch expects the transaction to be leverage neutral and to reduce
interest expense.

KEY RATING DRIVERS

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

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

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

Fitch believes that Regal will continue to focus free cash flow
(FCF) deployment toward expansion/build-out of theaters,
acquisition of theater assets, and/or for shareholder-friendly
activities.

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

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

Liquidity and Leverage

Regal's solid liquidity position is supported by $281 million of
cash on hand as of Dec. 26, 2013 and $82.3 million availability
under its $85 million revolver due 2017. FCF before dividend, as
of Dec. 26, 2013, latest 12 month (LTM) was $235 million. Fitch
expects pre-dividend FCF between $200 million and $300 million
annually over the next two years. Fitch estimates approximately
$130 million in annual dividends.

Pro forma the refinancing, Regal has a manageable maturity profile
with Regal Cinemas' term loans due in 2017 as its next material
maturity:

-- Regal Cinemas' $978 million secured term loans (due 2017;
    amortize $10 million per annum);

-- Regal Cinemas' $400 million unsecured notes (due 2019);

-- Regal's new unsecured notes (due 2022);

-- Regal's $250 million unsecured notes (due 2023);

-- Regal's $250 million unsecured notes (due 2025).

Fitch believes that Regal will have sufficient liquidity,
including access to credit markets, to address its maturities.

Fitch calculates unadjusted gross leverage of 3.9x (including NCM
dividend), and interest coverage at 4.2x as of Dec. 26, 2013.

Recovery

Regal's Recovery Ratings reflect Fitch's expectation that the
enterprise value of the company and, thus, recovery rates for its
creditors, will be maximized in a restructuring scenario (as a
going concern) rather than a liquidation. Fitch estimates a
distressed enterprise valuation of $2.1 billion, using a 5x
multiple and including an estimate for Regal's 20.0% stake in
National CineMedia, LLC of approximately $200 million.

The 'RR1' Recovery Rating for the company's credit facilities
reflects Fitch's belief that 91% to 100% expected recovery is
reasonable. While Fitch does not assign Recovery Ratings for the
company's operating lease obligations, it is assumed the company
rejects only 30% of its remaining $3.3 billion in operating lease
commitments due to their significance to the operations in a
going-concern scenario and is liable for 15% of those rejected
values (at a net present value). Fitch's recovery analysis shows
full recovery for Regal Cinemas' senior unsecured notes; however,
due to the unsecured nature of these notes, Fitch has assigned an
'RR2' Recovery Rating.

The rating of Regal's senior unsecured notes reflects the
structural subordination of the notes. The senior unsecured notes
at the parent level would be expected to have below average
recovery (11% - 30%), reflecting an 'RR5'.

Rating Sensitivities

Limited Rating Upside: Fitch heavily weighs the prospective
challenges facing Regal and its industry peers in arriving at the
long-term credit ratings. Significant improvements in the
operating environment (sustainable increases in attendance) and
sustained deleveraging could have a positive effect on the rating,
though Fitch views this as unlikely.

Negative Trigger: Fitch anticipates that the company, and other
movie exhibitors, will continue to consolidate. While not
anticipated, a debt-financed material acquisition or return of
capital to shareholders that would raise the unadjusted gross
leverage beyond 4.5x could have a negative effect on the rating.
In addition, meaningful, sustained declines in attendance and/or
per-guest concession spending that drove leverage beyond 4.5x
would pressure the rating as well.

Fitch currently rates Regal and Regal Cinemas as follows:

Regal
--Issuer Default Rating (IDR) 'B+';
--Senior unsecured notes 'B/RR5'.

Regal Cinemas
--IDR 'B+';
--Senior secured credit facility 'BB+/RR1';
--Senior unsecured notes 'BB/RR2'.

The Rating Outlook is Stable.


REGAL ENTERTAINMENT: Moody's Rates New Sr. Unsecured Notes 'B3'
---------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to the proposed
senior unsecured notes of Regal Entertainment Group (Regal). The
company expects to use proceeds primarily to repay debt, including
to fund a tender for Regal's 9.125% senior unsecured bonds due
August 2018 (approximately $311 million outstanding).

Ratings Rationale

The transaction would extend the maturity profile and reduce
annual interest expense, with no meaningful change to leverage.
Moody's estimates leverage at approximately 5.6 times debt-to-
EBITDA based on full year 2013 results and incorporating Moody's
adjustments for operating leases.

A summary of the action follows. The B1 corporate family rating
and stable outlook are unchanged.

Regal Entertainment Group

Senior Unsecured Bonds, Assigned B3, LGD5, 88%

Regal Cinemas Corporation

Senior Secured Bank Credit Facility, LGD adjusted to LGD2, 17%
from LGD2, 18%

Senior Unsecured Bonds, LGD adjusted to LGD4, 59% from LGD4, 61%

Regal Entertainment Group's ratings were assigned by evaluating
factors that Moody's considers relevant to the credit profile of
the issuer, such as the company's (i) business risk and
competitive position compared with others within the industry;
(ii) capital structure and financial risk; (iii) projected
performance over the near to intermediate term; and (iv)
management's track record and tolerance for risk. Moody's compared
these attributes against other issuers both within and outside
Regal Entertainment Group's core industry and believes Regal
Entertainment Group's ratings are comparable to those of other
issuers with similar credit risk. Other methodologies used include
Loss Given Default for Speculative-Grade Non-Financial Companies
in the U.S., Canada and EMEA published in June 2009.

Regal Entertainment Group, the parent of Regal Cinemas
Corporation, operates 7,394 screens in 580 theatres in 42 states
along with Guam, Saipan, American Samoa and the District of
Columbia, primarily in mid-sized metropolitan markets and suburban
growth areas of larger metropolitan markets throughout the U.S.
The company maintains its headquarters in Knoxville, Tennessee,
and its revenue for the year ended December 26, 2013, was
approximately $3 billion. Attendance during that time period was
approximately 229 million.


RENT-A-CENTER INC: Moody's Rates New $850MM Secured Loans 'Ba1'
---------------------------------------------------------------
Moody's Investors Service assigned Ba1 ratings to Rent-A-Center,
Inc.'s proposed senior secured credit facilities, which consist of
a $500 million revolving credit facility due 2019 and $350 million
term loan due 2021. The company's Ba3 Corporate Family Rating
("CFR") and B1 rating on the unsecured notes remain on review for
downgrade. The review remains focused on Rent-A-Center's ability
to complete the refinancing transaction as proposed. The company's
SGL-4 Speculative Grade Liquidity rating remains unchanged, but
will be revisited upon completion of the proposed refinancing
transaction.

The ratings on the proposed debt instruments were assigned based
on the view that Moody's would likely confirm Rent-A-Center's
existing ratings, including the Ba3 CFR and B1 rating on its
unsecured notes, upgrade the Speculative Grade Liquidity rating to
SGL-3, and assign a negative ratings outlook. The ratings assume
successful closing of the transaction, and are subject to Moody's
review of final terms and conditions.

Proceeds from the proposed term loan will be primarily used to
refinance Rent-A-Center's existing term loan, which had $188
million outstanding as of December 31, 2013, as well as $161
million of drawings under its current revolving credit facility.
The proposed credit facilities will be secured by a first lien on
substantially all tangible and intangible assets of Rent-A-Center
and its domestic subsidiaries.

New ratings assigned:

  Proposed $500 million senior secured revolving credit facility
  due 2019 at Ba1 (LGD2, 23%);

  Proposed $350 million senior secured term loan due 2021 at Ba1
  (LGD2, 23%).

Ratings unchanged, remaining on review for downgrade:

Corporate Family Rating at Ba3;

Probability of Default rating downgraded at Ba3-PD;

$250 million guaranteed senior unsecured notes due 2021 at B1
(LGD 5, 75%);

$300 million guaranteed senior unsecured notes due 2020 at B1
(LGD 5, 75%).

The company's SGL-4 Speculative Grade Liquidity Rating is also
unchanged at this time.

Ratings Rationale

Completion of the refinancing transaction would result in an
improvement in Rent-A-Center's liquidity by providing ample
cushion under new financial maintenance covenants and increasing
excess borrowing capacity under its revolver, which will be needed
to fund sizeable cash shortfalls in 2014. While working capital
and capex could be reduced, these investments will remain
sizeable. When coupled with required term loan amortization,
increased cash tax payments and incremental working capital
investment, Moody's expects the company's cash outflow to
potentially exceed $115 million in 2014.

The Ba3 CFR would reflect Rent-A-Center's weaker-than-expected
operating performance which has led to a significant deterioration
in debt protection metrics, as well as the expectation that
metrics will remain weak over the next 12-18 months as the company
executes, and invests in, its multi-year strategy to transform its
business. Lease-adjusted debt/EBITDAR deteriorated to about 4.9
times at the end of 2013, from 4.1 times in 2012.

The Ba3 rating would also reflect Rent-A-Center track record of
maintaining relatively strong and stable debt protection measures.
Notwithstanding the 2013 debt-financed share repurchases,
historical financial policy had been balanced and had included
debt reduction. Moody's expects this to be the case going forward.
The rating reflects Moody's expectation that the company will show
signs of stabilizing its core rent-to-own business in 2014 while
continuing to realize solid returns on its emerging businesses.
The company is expected to return to profitable growth with
positive cash flow in 2015. When coupled with expected debt
reduction, leverage is expected to fall to near 4.5 times at the
end of 2015.

The negative ratings outlook would reflect the ongoing challenges
facing the company's core customer, which consist of individuals
that are cash and credit constrained. When coupled with lower
average rental ticket and increased investments in the core rent-
to-own business, EBITDA improvement will be challenging. Sizeable
free cash shortfalls expected in 2014 will lead to increased debt,
and leverage will likely rise over 5.0 times in 2014. Any material
deviation from expectations over the next twelve months would
likely lead to a ratings downgrade. Failure to complete the
transaction as proposed could also be viewed as a credit negative
and place downward pressure on the ratings.

The principal methodology used in this rating was the Global
Retail Industry published in June 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.

Rent-A-Center, Inc, with headquarters in Plano, Texas operates the
largest chain of consumer rent-to-own stores in the U.S. with
approximately 4,486 company operated stores and kiosks located in
the U.S., Canada, Mexico and Puerto Rico. Rent-A-Center also
franchises approximately 180 rent-to-own stores that operate under
the "ColorTyme" and "Rent-A-Center" banners. Annual revenue
exceeded $3.1 billion.


RESIDENTIAL CAPITAL: Court Expunges California Litigation Claims
----------------------------------------------------------------
Bankruptcy Judge Martin Glenn sustained two claims objections
filed by Residential Capital LLC et al.:

     (1) the Debtors' Objection to Proofs of Claim filed by
         Certain Plaintiffs in California Litigation; and

     (2) the Debtors' Objection to Amended Proofs of Claim
         Filed by Certain Plaintiffs in California Litigation

Through the Objections, the Debtors seek to disallow and expunge
the proofs of claim listed on "Schedule A" to the Court's
Memorandum Opinion and Order, filed by 61 individuals --
California Litigation Claimants -- on the grounds that the
California Litigation Claims either fail to state a claim against
the Debtors or were filed as improper post bar date amendments.

On November 9, 2012, the California Litigation Claimants filed
claims against a number of Debtor entities. Each of the Original
Claims asserted an unsecured claim in the amount of $1,300,000 for
"Contingent Fraud Claim in litigation," referring to ongoing
litigation in the United States District Court, Central District
of California - Western Division.  The Original Claims referenced
an amended complaint filed in the District Court, which asserted
causes of action against certain Debtor and non-debtor entities.

Each of the Original Claims (and the Amended Complaint) alleged
these causes of action:

     (1) fraudulent concealment pursuant to California Civil Code
         sections 1572, 1709, and 1710;

     (2) intentional misrepresentations pursuant to Civil Code
         sections 1572, 1709, and 1710;

     (3) negligent misrepresentations pursuant to Civil Code
         sections 1572, 1709, and 1710;

     (4) unfair competition pursuant to California Business and
         Professions Code section 17200;

     (5) wrongful foreclosure pursuant to Civil Code section 2924;
         and

     (6) improper influence over appraiser pursuant to Civil Code
         section 1090.5.

The Debtors filed an objection to the Original Claims on July 10,
2013, asserting that the Original Claims failed to state a claim
against any of the Debtors.  The Debtors argued in the First
Objection that the Amended Complaint -- the basis for the Original
Claims -- failed to: (1) satisfy basic federal pleading standards,
(2) plead a basis for derivative liability, (3) state any fraud-
based claim, and (4) sufficiently allege claims for wrongful
foreclosure and improper influence over an appraiser.  The
deadline to respond to the First Objection was August 9, 2013.

None of the California Litigation Claimants filed a timely
response to the First Objection, but on August 9, 2013 -- the day
of the Response Deadline -- 58 of the California Litigation
Claimants filed proofs of claim solely against Residential
Capital, each in the amount of $1,300,000.  The stated basis for
each of the Amended Claims is "Claims, including fraud related to
mortgage origination."

In support of the Amended Claims, the California Litigation
Claimants attached a 250-page Amended Complaint in Support of
Amended Proof of Claim.  The Second Amended Complaint asserts five
causes of action, divided into 24 "counts," including: (1)
fraudulent concealment, (2) intentional misrepresentation, (3)
negligent misrepresentation, (4) negligence, (5) unfair, unlawful,
and fraudulent business practices, (6) price fixing in violation
of the Sherman Act, (7) improper collection of debt after electing
to foreclose, (8) rescission of contract and/or restitution based
on grounds of fraud and/or unconscionability, (9) breach of
contract, (10) breach of the Crier Rule under California law, (11)
unfair debt collection practices, and (12) wrongful foreclosure.

Although the Second Amended Complaint appears to raise new legal
theories for recovery, the alleged facts on which these claims are
based are identical to those on which the Original Claims were
based, and counsel for the California Litigation Claimants
represented to the Court that the nature of the two sets of claims
are the same.

On Aug. 20, 2013 -- 11 days after the Response Deadline -- counsel
for the California Litigation Claimants filed the Hairston, et al.
Creditors' Opposition to Debtors' Objection to Proofs of Claim
Filed by Certain Plaintiffs in California Litigation.  In the
Response, the California Litigation Claimants' counsel asserts
that the Debtors' First Objection was rendered moot upon the
filing of the Amended Claims and the Second Amended Complaint in
support.

On Aug. 26, 2013, the Debtors sent a letter to the Court asserting
that the Amended Claims were improper post-bar date amendments and
that they should therefore be disallowed and expunged.  On Aug.
28, 2013, the Court held a hearing on the First Objection and
directed that the parties agree to a scheduling order with respect
to briefing whether the Amended Claims were proper amendments and
addressing the underlying merits of the Amended Claims.

On Nov. 27, 2013, the Court entered the Scheduling Order For
Objection to California Litigation Claims requiring: (1) the
Debtors to file any objection to the Amended Claims on or before
Dec. 17, 2013, (2) the California Litigation Claimants to respond
on or before Jan. 23, 2014, and (3) the Debtors to file a reply on
or before Feb. 6, 2014, with a hearing to be held on Feb. 20,
2014.

The Debtors filed the Second Objection on Dec. 16, 2013, arguing
that (1) the Amended Claims should be disallowed as improper post-
bar date amendments to the Original Claims, and (2) even if the
Amended Claims are not expunged as untimely amendments, the
Amended Claims fail to state a basis for liability on the part of
ResCap, largely for the same reasons set forth in the First
Objection, and also because ResCap neither originated nor serviced
any of the California Litigation Claimants' loans.

As of the date of Judge Glenn's Order, the California Litigation
Claimants did not file a response to the Second Objection, and
their time to do so has expired.

A copy of the Court's Feb. 6, 2014 Memorandum Opinion and Order is
available at http://is.gd/nF0lo0from Leagle.com.

                    About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.

Neither Ally Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.68 billion in assets and $15.28 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its mortgage servicing and origination platform assets to Ocwen
Loan Servicing, LLC and Walter Investment Management Corporation
for $3 billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


RESPONSE BIOMEDICAL: Secures US$2.5 Million Term Loan
-----------------------------------------------------
Response Biomedical Corp. has secured a US$2.5 million term loan
from Silicon Valley Bank.  The Company will initially draw down
US$1.5 million of the facility, and a further US$1 million will
become available for draw down if certain financial targets are
met on or before July 31, 2014.  The Company plans to use the
funds from the loan to support working capital needs for growing
its markets both in the U.S. and internationally, and for general
corporate purposes.

"We are pleased that our financial performance and growth
opportunities have provided us with the ability to secure
additional financing with attractive terms.  As we recently
announced, we have engaged new distributors in both the U.S. and
China, which we believe will represent a firm base for long term
growth in both markets.  This new credit facility, coupled with
our previously announced $3.1 million brokered and non-brokered
private placements, gives us additional financial strength and
flexibility by providing us with additional working capital to
support our ability to attract new and retain existing customers,"
said Mr. Bill Adams, Response's chief financial officer.

"We are pleased to support Response in its ongoing development of
new and existing markets for its RAMP technology.  SVB works with
thousands of companies across the innovation sector in North
America -- and worldwide -- and we look forward to providing the
financial services Response needs to continue to grow," said Minh
Le, Managing Director and Deal Team Leader of Silicon Valley Bank
in the Pacific Northwest.

Under the terms of the loan agreement entered into with SVB, the
total proceeds of US$2.5 million will be made available in
tranches of US$1.5 million upon closing and the remaining US$1
million at the discretion of the Company at any time prior to
Sept. 30, 2014, if certain revenue targets are met by July 31,
2014, and the Company remains in compliance with the terms of the
Loan Agreement.  The loan matures on May 1, 2017, and bears an
interest rate of Wall Street Journal Prime Rate plus 2.5 percent
annually.  Interest only payments will be made until Oct. 1, 2014,
at which time, 32 equal monthly installments of principal plus
accrued interest will be made through to maturity.  Response has
provided SVB with 52,796 warrants with an exercise price of $1.831
per warrant and a term of 10 years.  The loan will be secured by
substantially all of the assets of the Company and includes
financial covenants related to certain revenue and liquidity
targets.

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

                        http://is.gd/MJE1VD

                      About Response Biomedical

Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical disclosed a net loss and comprehensive loss of
C$5.28 million on C$11.75 million of product sales for the year
ended Dec. 31, 2012, as compared with a net loss and comprehensive
loss of C$5.37 million on C$9.02 million of product sales during
the prior year.  The Company's balance sheet at Sept 30, 2013,
showed $12.34 million in total assets, $19.98 million in total
liabilities and a $7.64 million total shareholders' deficit.


RIVER CITY RESORT: Seeks Ch.11 Before Trial in Investors' Suit
--------------------------------------------------------------
River City Resort, Inc., which formerly does business as Showboat
Suites, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
E.D. Tenn. Case No. 14-10745) on Feb. 24, 2014.

Mike Pare, writing for Chattanooga Times Free Press, reports that
River City Resort owns a portion of a tract of property on the
Tennessee River where a controversial rundown barge is moored
across from the Tennessee Aquarium.

According to Times Free Press, the Company's president, Mr. Casey,
Casey declined comment on the bankruptcy action, and an attorney
for Mr. Casey did not immediately return a call for comment.
However, a lawyer for several investors suing River City Resort
and Mr. Casey said the bankruptcy case was filed just a day before
their longstanding civil case was scheduled to go to trial in
Hamilton County Chancery Court.

Judge Shelley D. Rucker presides over the case.  David J. Fulton,
Esq., at Scarborough, Fulton & Glass, represents the Chattanooga,
Tenn.-based Company.

In its petition, River City estimated $1 million to $10 million in
both assets and debts.  The petition was signed by Allen Casey,
president.


ROBERTS HOTELS: BofA Asks Court to Dismiss 3 More Cases
-------------------------------------------------------
Bank of America N.A. has filed a motion seeking the dismissal of
the bankruptcy cases of Roberts Hotels Houston, LLC and two other
hotels owned by The Roberts Cos.

A lawyer representing the bank said the assets of Roberts Hotels
Houston and the two other hotels operating in Shreveport, LA, and
in Spartanburg, S.C., have already been sold and the proceeds paid
to the bank.

"There is no prospect of any distributions being made to creditors
other than [Bank of America]," said David Warfield, Esq., at
Thompson Coburn LLP, in St. Louis, Missouri.  He said the bank
holds a lien on avoidance actions to secure the loans it extended
earlier.

The U.S. Bankruptcy Court for the Eastern District of Missouri
dismissed in October last year the bankruptcy cases of The Roberts
Cos.' hotels in Tampa, Fla., Dallas, Tex., and Marietta, outside
Atlanta.

The hotels are among those involved in a lawsuit filed by Bank of
America in April 2012.  In that lawsuit, the bank claims the
Roberts owe $34.28 million in principal and $376,049 in interest
on a loan to renovate their hotels.

In court papers filed last week, Nancy Gargula, the U.S. trustee
for the Eastern District of Missouri, said she objects to the
motion "unless complete and accurate monthly operating reports are
filed" to cover the duration of the cases and unless all quarterly
fees due to her are paid in full.

Mr. Warfield can be reached at:

     David A. Warfield, Esq.
     Thompson Coburn LLP
     One US Bank Plaza, Suite 2600
     St. Louis, MO 63101
     Fax: (314) 552-6000/(314) 552-7000
     Email: dwarfield@thompsoncoburn.com

Ms. Gargula can be reached at:

     Paul Randolph, Esq.
     Assistant United States Trustee
     111 S. 10th Street, Suite 6.353
     St. Louis, MO 63102
     Tel: (314) 539-2984
     Fax: (314) 539-2990
     Email: paul.a.randolph@usdoj.gov

                     About Roberts Hotels

Hotel portfolios owned by St. Louis, Mo.-based Roberts Cos. have
filed separate Chapter 11 bankruptcy petitions.  The hotels are
among those involved in a lawsuit Bank of America filed against
Roberts Cos. in April 2012.  BofA alleges Roberts Cos. defaulted
on a loan to renovate six hotels it owns outside of Missouri and
owes more than $34 million.  The hotels are located in Tampa,
Atlanta, Dallas, Houston, Shreveport, La., and Spartanburg, S.C.

Roberts Hotels Dallas LLC, which operates as a Courtyard by
Marriott at 2383 Stemmons Trail in Dallas, filed for Chapter 11
bankruptcy (Bankr. E.D. Mo. Case No. 12-45017) on May 23, 2012,
estimating $1 million to $10 million in assets, and $10 million to
$50 million in debts.

Roberts Hotels Atlanta LLC, dba Clarion Hotel Atlanta, filed for
Chapter 11 (Bankr. E.D. Mo. Case No. 12-44493) on May 9, 2012,
estimating $1 million to $10 million in assets, and $10 million to
$50 million in debts.

Roberts Hotels Shreveport LLC, also under the Clarion flag, sought
Chapter 11 bankruptcy protection (Bankr. E.D. Mo. Case No. 12-
44495) on May 9, estimating under $10 million in assets and
between $10 million and $50 million in debts.

Roberts Hotels Spartanburg LLC, which owns the Clarion Hotel,
formerly named Radisson Hotel & Suites Spartanburg, filed a
Chapter 11 petition (Bankr. E.D. Mo. Case No. 12-43756) on April
19, 2012.  It scheduled $3,028,820 in assets and $34,775,209 in
debts.

Roberts Hotels Houston LLC, dba Holiday Inn Houston, filed for
Chapter 11 (Bankr. E.D. Mo. Case No. 12-43590) on April 16, 2012,
listing under $50,000 in assets and up to $50 million in debts.

Roberts Hotels Tampa LLC, which owns the Comfort Inn hotel at 820
East Busch Blvd. in Tampa, filed for Chapter 11 Bankr. E.D. Mo.
Case No. 12-44391) on May 7, estimating assets between $1 million
and $10 million and debts between $10 million and $50 million.

A. Thomas DeWoskin, Esq., at Danna McKitrick, PC, serves as the
Debtors' counsel.  The petitions were signed by Mike Kirtley,
chief operating officer.

On Dec. 15, 2011, Roberts Hotels Jackson LLC, which owns Roberts
Walthall Hotel, filed for Chapter 11 protection (Bankr. S.D. Miss.
Case No. 11-04341), estimating both assets and debts of between
$1 million and $10 million.  John D. Moore, P.A., represents the
Debtor.

The cases are jointly administered.


SARKIS INVESTMENTS: Secured Creditor Balks at GA Keen Hiring
------------------------------------------------------------
MSCI 2007-IQ13 Ontario Retail Limited Partnership objected to
Sarkis Investments Company, LLC's application to employ GA Keen
Realty Advisors LLC as real estate broker.

According to the secured creditor, the retention agreement
provides that the Debtor will pay to GA Keen a non-refundable
$27,000 marketing advance.  The secured creditor said it does not
object in principle to the payment so long as it is not made from
any funds that constitute its cash collateral.

As reported in the Troubled Company Reporter on Feb. 6, 2014, the
Debtor said GA Keen will have the exclusive right to offer the
property, specifically, 3550 Porsche Way, 3640 Porsche Way, 3660
Porsche Way, 3700 Inland Empire Boulevard, and 3760 Inland Empire
Boulevard, Ontario CA 91764, for sale for a term of six months,
from Jan. 22 to July 22.

In the course of its employment, GA Keen will render these
services to the Estate, among others:

   (a) evaluating the value and marketability of the Property;

   (b) listing the Property for sale;

   (c) marketing and otherwise advertising the Property for sale;

   (d) communicating with parties interested in viewing and
       offering to purchase the Property;

   (e) showing or otherwise marketing the Property to potential
       buyers;

   (f) negotiating the terms of any agreement or other
       documentation pertaining to the acquisition of the Property
       in concert with the Debtor's counsel;

   (g) cooperating with the Debtor in seeking Court approval of
       any proposed sale of the Property; and

   (h) providing any other services reasonably requested by the
       Debtor necessary to effectively market and consummate the
       sale of the Property.

The Debtor will provide a $27,000 advance to GA Keen for marketing
expenses associated with the listings and advertising of the
Property.

GA Keen will receive a full and complete compensation for its
services to the Estate an amount equal to 1.25% of the total gross
consideration paid for the Property.  GA Keen's compensation is
contingent on the sale of the Property and Court approval vis-a-
vis any seeking approval to sell the Property pursuant to 11
U.S.C. Section 363 and other applicable law.  If the Debtor deems
in its solely discretion that reorganization serves the best
interests of the Estate and its creditors, as opposed to
liquidating the Property, GA Keen will not receive any
compensation; however, in such case, GA Keen will not be required
to reimburse the Estate for or return the Marketing Advance unless
otherwise ordered by the Court.

Mark P. Naughton, senior vice president and general counsel of
Great American Group, the parent company of GA Keen, 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.

                 About Sarkis Investments Company

Sarkis Investments Company, LLC, filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 13-29180) on July 29, 2013.  Judge
Robert Kwan presides over the case.  Pamela Muir signed the
petition as manager.  The Debtor estimated assets and debts of at
least $10 million.  Ashley M. McDow, Esq., at Baker & Hostetler,
LLP, serves as the Debtor's counsel.

Patrick Galentine was appointed by a state court as receiver for
the Debtor's assets.  The receiver may be reached at:

The receiver is represented by Reed Waddell, Esq., at Frandzel
Robins Bloom & Csato, LC.

MSCI 2007-IQ13 Ontario Retail Limited Partnership, which initiated
the receivership proceedings against Sarkis in state court, is
represented by Ron Oliner, Esq., at Duane Morris LLP.


SCOTTSDALE VENETIAN: Has Consent to Use Cash Until Feb. 28
----------------------------------------------------------
Bankruptcy Judge George B. Nielsen in mid-January entered interim
orders authorizing Scottsdale Venetian Village LLC's use of cash
collateral.

According to a fifth stipulated order, the Arizona Department of
Revenue consented to the Debtor's use of ADOR's cash collateral
from Jan. 15 through Feb. 28, 2014.

According to a sixth stipulated order, lender First National Bank
of Hutchinson consented to the Debtor's use of cash collateral for
the period Jan. 15 through Feb. 28.  Use of cash collateral will
be in accordance with a budget.

FNB is represented by:

         W. Scott Jenkins, Jr., Esq.
         Josh Kahn, Esq.
         RYLEY, CARLOCK & APPLEWHITE, P.A.
         One North Central Avenue, Suite 1200
         Phoenix, AZ 85004-4417

ADOR is represented by:

         Barbara C. Klabacha
         Assistant Attorney General
         1275 West Washington
         Phoenix, AZ 85007

                   About Scottsdale Venetian

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

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

The Debtor is represented by John J. Hebert, Esq., and Wesley D.
Ray at Polsinelli Shughart, P.C., in Phoenix.  Charles B. Foley,
CPA, PLLC serves as the Debtor's accountant.


SEVEN ARTS: Director Resigns After Being Charged for Wire Fraud
---------------------------------------------------------------
Peter Hoffman resigned as a director of Seven Arts Entertainment
Inc., and its subsidiaries, on Feb. 10, 2014.

Following a grand jury investigation, the United States Attorney
in the Eastern District of Louisiana on Feb. 6, 2014, issued an
indictment against Peter Hoffman and an unrelated party for
conspiracy and wire fraud in connection with State Film
Infrastructure credits related to the property located at 807
Esplanade Avenue, New Orleans, Louisiana.  The Company is not
currently and is not expected to be a target of this investigation
or any charges arising thereof.

Seven Arts Entertainment's CEO, Kate Hoffman stated, "The US
Attorney in New Orleans has charged Mr Hoffman with falsely
obtaining tax credits for film infrastructure expenses for the
restoration of a historic property for the purpose of establishing
a residential and post production facility in New Orleans.  Yet,
these Film Infrastructure credits were certified and re-certified
by Louisiana state authorities.  Two forensic audits have been
performed and accepted by the State.  While the US Attorney seems
to assert that the building is not in use as a residential and
post production facility it has, as previously announced, been
open and operating as such since July 2012.  Several theatrical
motion picture and television productions have enjoyed doing
production work at the property with many more scheduled for
2014."

                          About Seven Arts

Los Angeles-based Seven Arts Entertainment, Inc. (OTC QB: SAPX)
was founded in 2002 as an independent motion picture production
and distribution company engaged in the development, acquisition,
financing, production and licensing of theatrical motion pictures
for exhibition in domestic (i.e., the United States and Canada)
and foreign theatrical markets, and for subsequent worldwide
release in other forms of media, including home video and pay and
free television.

The Company reported a net loss of $22.4 million on $1.5 million
of total revenue for the fiscal year ended June 30, 2013, compared
with a net loss of $11.2 million on $4.1 million of total revenue
for the fiscal year ended June 30, 2012.

The Hall Group, CPAs, in Dallas, Texas, expressed substantial
doubt about the Company's ability to continue as a going concern
following the financial results for the year ended June 30, 2013,
citing the Company's recurring losses from operations and net
capital deficiency.

As of Sept. 30, 2013, the Company had $15.58 million in total
assets, $23.93 million in total liabilities and a $8.35 million
total shareholders' deficit.


SEVEN ARTS: Effecting a 1-for-100 Reverse Stock Split
-----------------------------------------------------
Seven Arts Entertainment Inc. announced a 1-for-100 reverse split
of its common stock effective as of 6:00 p.m. EST on Feb. 12,
2014.

The reverse split will combine and convert every one hundred
shares of Seven Arts' outstanding common stock into one share of
new common stock.  Resulting fractional shares will round up to
the next whole share.  This will enable Seven Arts to continue its
long-standing debt reduction program through the conversion of
certain debt into equity.

Approximately 3,749,439 outstanding shares of common stock are
expected after completion of the reverse split, and will trade
under the new CUSIP number 81783N508 and under the trading symbol
"SAPXD" and will revert to the historic trading symbol of "SAPX"
after 20 trading days.

In connection with the reverse split, Seven Arts reduced the
number of authorized shares of its common stock using the same
1-for-100 ratio.  However, the number of authorized shares of its
capital stock did not change.  The Board of Directors then
designated the resulting shares of Seven Arts' unallocated capital
stock as authorized common stock, which resulted in an aggregate
of 499 million authorized shares of common stock.

Prior to the reverse split and common stock allocation, Seven Arts
did not have sufficient unissued and unreserved shares of common
stock to continue its debt reduction program.

                          About Seven Arts

Los Angeles-based Seven Arts Entertainment, Inc. (OTC QB: SAPX)
was founded in 2002 as an independent motion picture production
and distribution company engaged in the development, acquisition,
financing, production and licensing of theatrical motion pictures
for exhibition in domestic (i.e., the United States and Canada)
and foreign theatrical markets, and for subsequent worldwide
release in other forms of media, including home video and pay and
free television.

The Company reported a net loss of $22.4 million on $1.5 million
of total revenue for the fiscal year ended June 30, 2013, compared
with a net loss of $11.2 million on $4.1 million of total revenue
for the fiscal year ended June 30, 2012.

As of Sept. 30, 2013, the Company had $15.58 million in total
assets, $23.93 million in total liabilities and a $8.35 million
total shareholders' deficit.

The Hall Group, CPAs, in Dallas, Texas, expressed substantial
doubt about the Company's ability to continue as a going concern
following the financial results for the year ended June 30, 2013,
citing the Company's recurring losses from operations and net
capital deficiency.

As of Sept. 30, 2013, the Company had $15.58 million in total
assets, $23.93 million in total liabilities and a $8.35 million
total shareholders' deficit.


SHUANEY IRREVOCABLE: Chapter 11 Reorganization Case Dismissed
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Florida
dismissed the Chapter 11 case of Shuaney Irrevocable Trust.

The Court said the dismissal order does not vacate the Court's
prior entry of final judgments in the adversary proceeding, filed
by the Debtor against Beach Community Bank and in the adversary
proceeding filed by Regions Bank against the Debtor and Beach
Community Bank.

The Debtor is barred from re-filing a new case Chapter 11 within
one year from the date of the dismissal order.

                  About Shuaney Irrevocable Trust

Shuaney Irrevocable Trust, in Fort Walton Beach, Florida, filed
for Chapter 11 bankruptcy (Bankr. N.D. Fla. Case No. 11-31887) on
Dec. 1, 2011.  The Debtor scheduled $20,996,723 in assets and
$19,625,890 in debts.  The Law Office of Mark Freund serves as
counsel to the Debtor.  Judge William S. Shulman presides over the
case.  The U.S. Trustee for Region 21 was unable to appoint an
Official Committee of Unsecured Creditors of Shuaney Irrevocable
Trust.


SHELBOURNE NORTH WATER: Property DIP Facility Has Interim Approval
------------------------------------------------------------------
Shelbourne North Water Street, LP, on Feb. 20 obtained interim
approval of its request to obtain postpetition financing.

The order provides that RMW Acquisition LLC is authorized to lend
the Debtor on an interim basis an aggregate principal amount of up
to $75,000, the availability of which will be limited for the
approved budget for the expenses of the receiver in connection
with the preservation of the Debtor's 2.2-acre property located at
400 East North Water Street, Chicago, Illinois.

All amounts due under the Interim Property DIP Facility will be
due and payable on the date that is the first to occur of
(i) Dec. 31, 2014, (ii) the substantial consummation of a plan of
reorganization, and (iii) the occurrence of a "termination event."

The final hearing, which would consider up to $1 million in DIP
financing, of which $150,000 will be available for the payment of
non-receiver related expenses, will be held on March 11, 2014 at
10:30 a.m.

                     Cash Collateral Order

The bankruptcy judge on Dec. 23 entered a final order authorizing
the receiver to use funds on deposit that constitute RMW's cash
collateral.  Cash collateral will be used to pay existing and
future costs and expenses of the receiver relating to the Debtor's
mortgaged property.

The Debtor and secured lender RMW, with the consent of the
receiver, have stipulated to allow the receiver to remain in
possession, custody and control of the Debtor's mortgaged
property.

The receiver is authorized to pay pre- and post-petition costs and
expenses, including the mortgaged property's management fee of
$1,395 per month, the receiver's fee at his standard rate of $250
per hour, and the receiver's professional fees, in the aggregate
of $200,000 for the months of October, November and December 2013
and January 2014.

             About Shelbourne North Water Street L.P.

A group of creditors filed an involuntary Chapter 11 petition
against Chicago, Illinois-based Shelbourne North Water Street L.P.
on Oct. 10, 2013 (Bankr. D. Del. Case No. 13-12652).  The case is
assigned to Judge Kevin J. Carey.

The petitioners are represented by Zachary I Shapiro, Esq., and
Russell C. Silberglied, Esq., at Richards, Layton & Finger, P.A.,
in Wilmington, Delaware.

The Debtor consented on Nov. 8, 2013, to being in Chapter 11
reorganization.

FrankGecker LLP represents the Debtor in its restructuring
efforts.


SOUTHERN FILM EXTRUDERS: To Seek Plan Approval on April 9
---------------------------------------------------------
Southern Film Extruders, Inc., obtained an order approving the
disclosure statement explaining its proposed Chapter 11 plan.

According to the Feb. 11, 2014 order:

   -- March 21, 2014, is fixed as the last day for filing written
      acceptances or rejections of the Plan.

   -- March 21, 2014, is fixed as the last day for filing written
      objections to the Plan.

   -- A hearing on confirmation of the Plan will be held April 9,
      2014, at 9:30 a.m. at Courtroom #1, Second Floor,
      101 S. Edgeworth Street, Greensboro, NC 27401.

                        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.


ST. FRANCIS' HOSPITAL: Asks Court to Extend Lease Decision Period
-----------------------------------------------------------------
St. Francis' Hospital, in Poughkeepsie, New York, asked U.S.
Bankruptcy Judge Cecelia Morris to extend the deadline to assume
or reject its unexpired leases of nonresidential real property to
May 16.

Christopher Desiderio, Esq., at Nixon Peabody LLP, in New York,
said the leases are an "integral part" of St. Francis' Hospital's
business since several of its key facilities are leased and may be
sold.

"Each of the unexpired leases is important to consider in the
context of restructuring the debtors' business operations," said
Mr. Desiderio, who represents St. Francis' Hospital.

A court hearing is scheduled for March 26.  Objections are due by
March 19.

                   About St. Francis' Hospital

St. Francis' Hospital, Poughkeepsie, New York, and four affiliates
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D.N.Y. Lead Case No. 13-37725) on Dec. 17, 2013.  The case is
assigned to Judge Cecelia G. Morris.

The Debtors are represented by Christopher M. Desiderio, Esq.,
Daniel W. Sklar, Esq., and Lee Harrington, Esq., at Nixon Peabody
LLP, in New York.  Their financial adviser is CohnReznick Advisory
Group; and the investment banker is Deloitte Corporate Finance
LLC.  BMC Group is the claims and notice agent.

The U.S. Trustee has appointed a five-member official committee of
unsecured creditors.  The Creditors' Committee tapped Alston &
Bird LLP as counsel, and CBIZ Accounting, Tax & Advisory of New
York, LLC, as financial advisor.

On Jan. 30, 2014, Barry Bliss of Gibbons, P.C., was named as
patient care ombudsman in the Debtors' cases.

St. Francis filed for bankruptcy to sell its 333-bed acute-care
facility, which was founded in 1914, for $24.2 million to Health
Quest Systems Inc., absent higher and better offers.  An auction
was slated for Feb. 13, 2014, if a rival offer is submitted.

St. Francis, however, canceled the auction and decided to accept a
higher and better bid from Westchester County Health Care
Corporation.  Under the deal with Westchester, the buyer will
assume certain liabilities, plus pay $3,500,000 in cash at closing
to cover the break-up fee of $1,000,000 and administrative costs
of $2,500,000.  The Westchester deal provides for the exchange of
bonds in the amount of $27,352,000 at 5.00%.  Westchester also
will loan or arrange for the loan of funds to retire the Debtors'
DIP facility up to a limit of $17,600,000, secured by the Accounts
Receivable.  Any DIP obligation in excess of $17,600,000 will be
paid by the estate.  Westchester also will provide a loan in the
amount of $250,000 as a "Final Payment" on Bonds to be used to
initially capitalize the liquidating trust of the Estate.

James P. Lagios, Esq., at Iseman, Cunningham, Riester & Hyde, LLP,
represents Health Quest Systems, Inc.


STACY'S INC: Parties Seek to Continue Key Hearing to March 12
-------------------------------------------------------------
Pivotal motions in the Chapter 11 case of Stacy's Inc. are now
slated for hearing on March 12.

Bank of the West has asked the bankruptcy court to continue to
March 12 the March 7 hearing on its motion to enforce the August
21 and Aug. 26 sale orders.  This is the third request for
continuance sought by the bank.

The Debtor, on the other hand, is also seeking continuance to
March 12 of the hearings on its motion to use cash collateral and
the motion for approval of the disclosure statement explaining its
Chapter 11 plan.

According to the movants, the requests are with consent of the
affected parties.  The moving parties all cite unavailability of
witnesses as the basis for seeking continuance.

Meanwhile, the Official Committee of Unsecured Creditors and Bank
of the West have withdrawn their objections to the Debtor's
disclosure statement.  The Committee and the bank explained in
separate filings that that the Debtor's amended disclosure
statement and plan filed Jan. 31, 2014, resolves their objections.

                        About Stacy's Inc.

Stacy's Inc., a commercial greenhouse in York, South
Carolina, filed a Chapter 11 petition on June 21 (Bankr. D. S.C.
Case No. 13-03600) in Spartanburg, South Carolina, with a deal to
sell the business for $17 million to Metrolina Greenhouses, absent
higher and better offers.

Stacy's -- http://www.stacysgreenhouses.com/-- had 16 acres of
greenhouses on three farms aggregating 260 acres in York, South
Carolina.  The Debtor scheduled $26.4 million in total assets and
$31.4 million in liabilities as of the bankruptcy filing.  The
secured lender is Bank of the West, owed $22.1 million secured by
liens on the assets.

Stacy's in August 2013 sold the business to Metrolina Greenhouses
for $15.2 million after no competing bids were entered at a
bankruptcy auction.

The Debtor has tapped Barbara George Barton, Esq., at Barton Law
Firm, P.A, as bankruptcy counsel; Ouzts, Ouzts & Varn, P.A., as
its financial advisor; SSG Advisors, LLC, as its investment
banker; and Faulkner and Thompson, P.A., to provide limited
accounting services.

The Official Committee of Unsecured Creditors has retained Reid E.
Dyer, Esq., at Moore & Van Allen, PLLC.


STANFORD GROUP: High Court Rules Ponzi Victims Can Sue 3rd Parties
------------------------------------------------------------------
Brent Kendall, writing for The Wall Street Journal, reported that
victims of R. Allen Stanford's $7 billion Ponzi scheme can sue law
firms and other third parties on allegations they aided the fraud,
the U.S. Supreme Court ruled on Feb. 26.

According to the report, the court, in a 7-2 ruling written by
Justice Stephen Breyer, said the victims' class-action lawsuits
were allowed even though a 1998 federal law largely prohibits
state-law class-action claims for securities fraud. The ruling
gives Stanford victims a chance to recover more of their losses.
But it likely doesn't open the floodgates for a wave of securities
litigation since the holding is limited to products sometimes sold
in Ponzi schemes that aren't considered securities.

The court in a 19-page opinion underscored it wasn't making
changes to the federal law, the report related.  Instead, it said
the law's text leaves room for investors to take legal action when
they are deceived with bogus private offerings like Mr.
Stanford's. The ruling "will permit victims of this (and similar)
frauds to recover damages under state law," Justice Breyer wrote.

Mr. Stanford is serving a 110-year prison sentence after being
convicted in 2012 of defrauding investors on a grand scale, the
report further related.  U.S. authorities alleged Mr. Stanford
sold investors bogus certificates of deposit in his Antigua-based
bank, using new CD proceeds to pay other customers and funnel
money into his own businesses.

In the fraud's aftermath, multiple investor groups brought
lawsuits based on state law in Louisiana and Texas against law
firms and financial services companies that had relationships with
the Stanford operations, the report said.  They alleged SEI
Investments Co. and insurance brokers, including subsidiaries of
Willis Group Holdings PLC, misrepresented the CDs as safe
investments. They also brought claims against law firms Proskauer
Rose LLP and Chadbourne & Parke LLP, alleging the firms helped Mr.
Stanford's Antigua-based bank evade regulatory oversight.

                       About Stanford Group

The Stanford Financial Group was a privately held international
group of financial services companies controlled by Allen
Stanford, until it was seized by United States (U.S.) authorities
in early 2009.

Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under
management or advisement.  Stanford Private Wealth Management
served more than 70,000 clients in 140 countries.

On Feb. 16, 2009, the United States District Court for the
Northern District of Texas, Dallas Division, signed an order
appointing Ralph Janvey as receiver for all the assets and
records of Stanford International Bank, Ltd., Stanford Group
Company, Stanford Capital Management, LLC, Robert Allen Stanford,
James M. Davis and Laura Pendergest-Holt and of all entities they
own or control.  The February 16 order, as amended March 12,
2009, directs the Receiver to, among other things, take control
and possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.

The case in district court was Securities and Exchange Commission
v. Securities Investor Protection Corp., 11-mc-00678, U.S.
District Court, District of Columbia (Washington).

The U.S. Securities and Exchange Commission, on Feb. 17, charged
before the U.S. District Court in Dallas, Texas, Mr. Stanford and
three of his companies for orchestrating a fraudulent, multi-
billion dollar investment scheme centering on an US$8 billion
Certificate of Deposit program.

A criminal case was pursued against him in June before the U.S.
District Court in Houston, Texas.  Mr. Stanford pleaded not
guilty to 21 charges of multi-billion dollar fraud, money-
laundering and obstruction of justice.  Assistant Attorney
General Lanny Breuer, as cited by Agence France-Presse News, said
in a 57-page indictment that Mr. Stanford could face up to 250
years in prison if convicted on all charges.  Mr. Stanford
surrendered to U.S. authorities after a warrant was issued for
his arrest on the criminal charges.


STELLAR BIOTECHNOLOGIES: Named 2014 TSX Venture 50(R) Company
-------------------------------------------------------------
Stellar Biotechnologies, Inc., has been named to the 2014 TSX
Venture 50(R), an exclusive ranking of the top performing
companies on the TSX Venture Exchange.

Stellar Biotechnologies is the top ranked company across all five
industry sectors of the 2014 TSX Venture 50(R) list.

The TSX Venture 50(R) is an annual ranking conducted by the TMX
Group of the fifty strongest-performing companies on the Canadian
TSX Venture Exchange, categorized by industry sector.  The list is
chosen based on four equally weighted criteria; market
capitalization growth, share price, trading volume, and analyst
coverage.  The TMX Group, which owns the Toronto Stock Exchange
and Toronto Venture Exchange, describes the winning companies as
those having "shown impressive results in key measures of market
performance."

"We are pleased to have this public market acknowledgement of
Stellar's accomplishments and growth potential," said Frank Oakes,
president and CEO.  "We have a solid foundation and we continue to
work diligently to deliver strong future returns to our
shareholders and partners."

                            About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

Stellar Biotechnologies incurred a loss and comprehensive loss of
$14.88 million on $545.46 million of revenues for the year ended
Aug. 31, 2013, as compared with a loss and comprehensive loss of
$5.19 million on $286.05 million of revenues for the year ended
Aug. 31, 2012.  The Company incurred a loss and comprehensive loss
of $3.59 million for the year ended Aug. 31, 2011.

The Company's balance sheet at Nov. 30, 2013, showed $17.44
million in total assets, $9.03 million in total liabilities and
$8.40 million in total shareholders' equity.


SWA BASELINE: Western Alliance Asks Court to Dismiss Case
---------------------------------------------------------
Western Alliance Bank of Arizona asked the U.S. Bankruptcy Court
for the District of Arizona to dismiss the Chapter 11 case of SWA
Baseline LLC, saying the company filed the case in bad faith.

Western Alliance alleged that the company's sole purpose in filing
the case is to resolve a "two-party dispute" with the bank, which
should be settled in a forum outside of the bankruptcy court.

The company, Western Alliance said, filed for bankruptcy
protection to avoid its obligations under their loan agreement and
to protect "non-debtor" guarantors.

The bank also argued that SWA Baseline is a "single-purpose
entity" and that its bankruptcy is a "single-asset real estate
case."  It further said that the company has no income and has
only nine unsecured creditors with claims totaling $33,362.

The court will hold a hearing on March 18 to consider the
dismissal of the case.

                        About SWA Baseline

SWA Baseline, LLC, a Single Asset Real Estate as defined in 11
U.S.C. Sec. 101(51B), filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 14-01418) on Feb. 5, 2014.  Andrew J.
Briefer signed the petition as designated representative.  Patrick
A. Clisham, Esq., at Engelman Berger PC, in Phoenix, serves as the
Debtor's counsel.  The Hon. Brenda Moody Whinery oversees the
case.


TAMARACK RESORT: Idaho Sheriff Continues With Asset Sales
---------------------------------------------------------
The sheriff in Valley County, Idaho, continues to sell collateral
related to the Tamarack Resort pursuant to these notices:

     http://is.gd/aVJZSmpublished in The Adams County Record;
     http://is.gd/BdL0JZpublished in Star-News; and
     http://is.gd/NZEnN5published in Star-News

                     About Tamarack Resort

Tamarack Resort LLC, a golf and ski resort in Valley County,
Idaho, was sent to Chapter 7 after creditors submitted an
involuntary petition (Bankr. D. Idaho Case No. 09-03911).  The
petitioning creditors include an affiliate of Bank of America
Corp. owed $4.7 million.

On April 9, 2010, Bankruptcy Judge Terry Myers signed an order
converting Tamarack Resort LLC's involuntary chapter 7 case to a
chapter 11 reorganization.

The project's 27.5% owner, VPG Investments Inc., filed for Chapter
11 reorganization in 2008, only to have the petition dismissed in
October 2008 at the request of the secured creditor, Credit
Suisse, Caymans Islands Branch.  VPG was controlled by Mexican
businessman Alfredo Miguel Afif.  Credit Suisse, the agent for the
secured lenders, characterized VPG's Chapter 11 case as "a classic
example of a bad faith filing" made "solely as a litigation
tactic" to stop foreclosure.

In January 2011, Bankruptcy Judge Terry Myers dismissed Tamarack
Resort's Chapter 11 protection, sending it back to state court
where foreclosure proceedings would eventually proceed to a
sheriff's sale.


TECHPRECISION CORP: Incurs $757,600 Net Loss in Dec. 31 Qtr.
------------------------------------------------------------
Techprecision Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $757,680 on $5.16 million of net sales for the three
months ended Dec. 31, 2013, as compared with a net loss of
$545,487 on $7.29 million of net sales for the same period during
the prior year.

For the nine months ended Dec. 31, 2013, the Company reported a
net loss of $3 million on $17.45 million of net sales as compared
with a net loss of $1.29 million on $22.51 million of net sales
for the same period a year ago.

As of Dec. 31, 2013, the Company had $18.85 million in total
assets, $11.30 million in total liabilities and $7.54 million in
total stockholders' equity.

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

                         http://is.gd/kmalgC

                         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.

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."


THERMOENERGY CORP: Guggenheim Stake at 15.6% as of Dec. 31
----------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Guggenheim Capital, LLC, and its affiliates
disclosed that as of Dec. 31, 2013, they beneficially owned
24,441,140 shares of common stock of ThermoEnergy Corporation
representing 15.61 percent of the shares outstanding.  A copy of
the regulatory filing is available for free at http://is.gd/1YVVBO

                  About ThermoEnergy Corporation

Little Rock, Ark.-based ThermoEnergy Corporation is a clean
technologies company engaged in the worldwide development of
advanced municipal and industrial wastewater treatment systems and
carbon reducing clean energy technologies.

The Company incurred a net loss of $7.38 million for the year
ended Dec. 31, 2012, as compared with a net loss of $17.38 million
on $5.58 million of revenue in 2011.  The Company's balance sheet
at Sept. 30, 2013, showed $8.55 million in total assets, $12.56
million in total liabilities, and stockholders' deficit of $4.95
million.

Grant Thornton LLP, in Westborough, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company incurred a net loss of $7,382,000 during the year
ended Dec. 31, 2012, and, as of that date, the Company's current
liabilities exceeded its current assets by $7,094,000 and its
total liabilities exceeded its total assets by $10,611,000.  These
conditions, among other factors, raise substantial doubt about the
Company's ability to continue as a going concern.

As reported by the TCR on July 15, 2013, the Audit Committee of
ThermoEnergy Corporation's Board of Directors voted to dismiss
Grant Thornton LLP as the Company's independent registered public
accounting firm and, on the same day, engaged Moody, Famiglietti &
Andronico, LLP, as the Company's new independent registered public
accounting firm.  The dismissal was not a result of any
disagreement with the former accounting firm.


TITAN ENERGY: Michael Epstein Stake at 7% as of Feb. 14
-------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Michael Epstein disclosed that as of
Feb. 14, 2014, he beneficially owned 4,999,996 shares of common
stock of Titan Energy Worldwide, Inc., representing 7 percent of
the shares outstanding.  Mr. Epstein previously reported
beneficial ownership of 4,968,000 shares as of Feb. 14, 2013.  A
copy of the regulatory filing is available for free at:

                        http://is.gd/0clFLm

                        About Titan Energy

New Hudson, Mich.-based Titan Energy Worldwide, Inc., is a
provider of onsite power generation, energy management and energy
efficiency products and services.

The Company's balance sheet at Sept. 30, 2013, showed $6,243,502
in total assets, $9,616,645 in total liabilities, and
stockholders' deficit of $3,373,143.

                           Going Concern

The Company believes it will be profitable for the year 2013 and
is in the process of restructuring its balance sheet.  However the
Company said that until it is successful in completing certain
items, the accumulated deficit and the notes that are in default
raise substantial doubt as to the Company's ability to continue as
a going concern.  According to the Company's quarterly report for
the period ended June 30, 2013, management has taken these steps
that it believes will be sufficient to provide the Company with
the ability to continue its operations:

   "Management has entered into an agreement with Forefront
    Capital to raise up to $5 million on a best efforts basis.
    While there is no guarantee that these efforts will result in
    any new capital for the Company, these potential funds would
    have a significant impact on the Company's ability to
    restructure its debt and improve its cash flow.

    Management has been successful in having the majority of the
    Convertible Notes extend their due date to July 1, 2014.
    These extensions were achieved to allow the Company the time
    to complete its restructuring of the balance sheets.  These
    note holders will convert their notes and accrued interest
    into equity if the item above is successful.

    Management will continue to take steps to expand and increase
    its service sales and work order flow.  Service sales account
    for the highest margins of any business segment and the
    quickest turnaround in terms of customer payments.

    Management will seek to either restructure or replace its
    existing factoring agreement with either an asset based or
    bank line of credit before the end of the year 2013.
    Management believes the company is eligible for a lower cost
    lending facility and that this could save the Company up to
    $300,000 a year in interest and fees."


TREEHOUSE FOODS: Moody's Rates New $400MM Unsecured Notes 'Ba2'
---------------------------------------------------------------
Moody's Investors Service, Inc. assigned a Ba2 rating to a
proposed $400 million issue of senior unsecured callable notes
being offered by TreeHouse Foods, Inc. The company intends to use
the net proceeds from the debt issuance to fund an offer to tender
for its existing $400 million 7.75% senior unsecured notes due
March 2018 ("2018 Notes") that are callable beginning
March 1, 2014.

Moody's expects that the contemplated refinancing will result in
modest cash interest savings and no material change in debt
outstanding.

Ratings Rationale

The Ba2 Corporate Family Rating is based on the TreeHouse's
leading position in private label food and beverage categories,
proven business model, and disciplined acquisition strategy. These
strong business fundamentals are balanced against several
qualitative risks. These include heavy price competition in the
packaged foods sector that has slowed the longer-term growth
trends in private label foods, TreeHouse's relatively small scale,
and the integration and financial risk that is inherent in the
company's growth-by-acquisition strategy.

Ratings assigned:

TreeHouse Foods, Inc.:

$400 million senior unsecured notes due 2022 at Ba2 (LGD 4, 53%).

The rating outlook is stable.

The stable outlook reflects Moody's assumption of at least flat
operating earnings over the next 18 months, and that TreeHouse's
debt/EBITDA will remain below 3.5 times. Moody's assumes that
TreeHouse will maintain its historical pace of debt-financed
acquisition activity (about one acquisition per year on average).

A downgrade in the rating could occur if core operating
performance deteriorates, the integration of an acquisition
becomes problematic, or financial policy turns aggressive.
Quantitatively, if debt/EBITDA (incorporating Moody's analytic
adjustments) is sustained above 3.5 times EBITDA, retained cash
flow to net debt falls below 16%, or the company's earnings
cushion against debt covenants falls below 10%, a downgrade could
occur.

Given TreeHouse's relatively small size, limited operating
history, and its growth-by-acquisition strategy, an upgrade is
unlikely in the near-term. Moody's expects TreeHouse's credit
profile to strengthen over time through the successful execution
of its growth strategy, stable performance in core operations, and
the continued balanced use of debt financing. Moody's could
consider an upgrade if the company significantly and profitably
grows its scale and is able to sustain debt/EBITDA below 3.0
times.

TreeHouse Foods, Inc. ("TreeHouse") is one of the largest
manufacturers of a variety of private-label products in the U.S.,
including powdered nondairy creamer and sweeteners, pickles, salad
dressings, soup and infant feeding, powdered drinks, sauces, hot
and cold cereals, dry dinners, and other products. In the past few
years, TreeHouse has significantly grown its participation in
single serve coffee and hot beverages, including specialty teas.
Sales in fiscal 2013 were approximately $2.3 billion.

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


UNI-PIXEL INC: Susquehanna Stake at 5.3% as of Dec. 31
------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Susquehanna Capital Group and its affiliates disclosed
that as of Dec. 31, 2013, they beneficially owned 654,230 shares
of common stock of Uni-Pixel, Inc., representing 5.3 percent of
the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/AUGXLw

                         About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company
delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

"As of December 31, 2012, we had a cash balance of approximately
$13.0 million and working capital of $12.8 million.  We project
that current cash reserves will sustain our operations through at
least December 31, 2013, and we are not aware of any trends or
potential events that are likely to adversely impact our short
term liquidity through this term.  We expect to fund our
operations with our net product revenues from our commercial
products, cash and cash equivalents supplemented by proceeds from
equity or debt financings, and loans or collaborative agreements
with corporate partners, each to the extent necessary," according
to the Company's annual report for the year ended Dec. 31, 2012.

Uni-Pixel incurred a net loss of $9.01 million in 2012, a net loss
of $8.56 million in 2011 and a net loss of $3.82 million in 2010.
As of Sept. 30, 2013, Uni-Pixel had $60.22 million in total
assets, $6.50 million in total liabilities and $53.71 million in
total shareholders' equity.


UNITEK GLOBAL: Eubel Brady Held Less Than 1% Stake at Dec. 31
-------------------------------------------------------------
Eubel Brady & Suttman Asset Management, Inc., and its affiliates
disclosed in an amended Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of Dec. 31, 2013, they
beneficially owned 2,080 shares of common stock of UniTek Global
Services, Inc., representing 0.01 percent of the shares
outstanding.  A copy of the regulatory filing is available for
free at http://is.gd/x3Cneo

                   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.


UNITEK GLOBAL: Red Oak Stake at 10.55% as of Dec. 31
----------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Red Oak Partners, LLC, and its affiliates
disclosed that as of Dec. 31, 2013, they beneficially owned
2,001,161 shares of common stock of UniTek Global Services, Inc.,
representing 10.55 percent of the shares outstanding.  A copy of
the regulatory filing is available at http://is.gd/H0PoQq

                     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.


UNIVERSAL BIOENERGY: Delays Form 10-Q for Dec. 31 Quarter
---------------------------------------------------------
Universal Bioenergy, Inc., has been unable to complete its Form
10-Q for the quarter ended Dec. 31, 2013, within the prescribed
time because of delays in completing the preparation of its
financial statements and its management discussion and analysis.
Those delays are primarily due to Company's management's
dedication of such management's time to business matters.  This
has taken a significant amount of management's time away from the
preparation of the Form 10-Q and delayed the preparation of the
unaudited financial statements for the quarter ended Dec. 31,
2013.

                     About Universal Bioenergy

Headquartered in Irvine, California, Universal Bioenergy Inc.
develops markets alternative and natural energy products
including, natural gas, solar, biofuels, wind, wave, tidal, and
green technology products.

Universal Bioenergy incurred a net loss of $623,518 on $60.21
million of revenues for the year ended June 30, 2013, as compared
with a net loss of $4.12 million on $57.32 million of revenues for
the year ended June 30, 2012.  As of Sept. 30, 2013, the Company
had $7.02 million in total assets, $6.08 million in total
liabilities and $935,070 in total stockholders' equity.

Bongiovanni & Associates, CPA's, in Cornelius, North Carolina,
issued a "going concern" qualification on the consolidated
financial statements for the year ended June 30, 2013.  The
independent auditors noted that the the Company has suffered
recurring operating losses, has an accumulated deficit, has
negative working capital, and has yet to generate an internal cash
flow that raises substantial doubt about its ability to continue
as a going concern.


VERNAM BASIN: Queens Property to Be Auctioned Off March 21
----------------------------------------------------------
Pursuant to a judgment of foreclosure and sale entered April 3,
2012, in the case, NYCTL 1998-2 TRUST SUCCESSOR IN INTEREST TO THE
NYCTL 2008-A TRUST AND THE BANK OF NEW YORK MELLON AS COLLATERAL
AGENT AND CUSTODIAN, Pltf. vs VERNAM BASIN BOAT REPAIR CORP.; et
al, Defts. Index #23251/11, pending before the Supreme Court of
Queens County, New York, Edward H. Rosenthal, as Referee and as
counsel to the Plaintiff, will sell at public auction in Courtroom
#25 at the Queens County Courthouse, 88-11 Sutphin Blvd., Jamaica,
NY on March 21, 2014 at 10:00 a.m., the premises known as 72-58
Elizabeth Ave., Queens, NY a/k/a Block 16065, Lot 0075.  The
approximate amount of judgment is $27,737.65 plus costs and
interest.  The Referee may be reached at:

     EDWARD H. ROSENTHAL, Esq.
     Shapiro, DiCaro & Barak, LLP
     105 Maxess Rd., Ste. N109
     Melville, NY
     Tel: (631) 844-9611


VICTOR OOLITIC: Hires Morris Nichols as Bankruptcy Co-Counsel
-------------------------------------------------------------
Victor Oolitic Stone Company, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ Morris,
Nichols, Arsht & Tunnell LLP, as Delaware bankruptcy co-counsel,
to assist McDonald Hopkins LLC, as lead bankruptcy counsel.

The following are Morris Nichols?s currently hourly rates for work
of this nature:

   Partners                                $540-$925
   Associates and Special Counsel          $295-$510
   Paraprofessionals                       $230-$290
   Case Clerks                                  $145

The attorneys and paralegals principally responsible for the
representation of the Debtors and their current hourly rates will
be as follows:

    Derek C. Abbott                         $650
    Andrew R. Remming                       $475
    Renae M. Fusco                          $250

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

Derek C. Abbott, Esq., a partner at Morris, Nichols, Arsht &
Tunnel LLP, in Wilmington, Delaware, assures the Court that his
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.

On Feb. 7, 2014, Morris Nichols received a payment of $75,000 as
an advance fee for services to be rendered and expenses to be
incurred in connection with Morris Nichols?s representation of the
Debtors.  On Feb. 14, 2014, Morris Nichols received a payment of
$35,000 as an advance fee for services to be rendered and expenses
to be incurred in connection with Morris Nichols?s representation
of the Debtors.  On Feb. 17, Morris Nichols applied $24,143
against the advance fee.  Accordingly, Morris Nichols currently
holds a balance of $85,856 as an advance payment for services to
be rendered and expenses to be incurred in connection with its
representation of the Debtors.

Mr. Abbott relates that Delaware Corporate Organizers, Inc., which
provides no legal services, is a wholly owned subsidiary of Morris
Nichols, and serves as registered agent for certain Delaware
corporations, performs various non-legal corporate services, and
may serve as registered agent and perform other non-legal
corporate services for parties who are connected to these cases.
Mr. Abbott adds that Gregory W. Werkheiser, Esq., a partner in the
law firm, is married to Rachel L. Werkheiser, who, since Aug. 31,
2009, has been serving as a judicial law clerk to the Honorable
Christopher S. Sontchi, a Bankruptcy Judge in the District.

Duffe J. Elkins, president of Victor Oolitic Stone Company,
relates that the Debtors engaged Morris Nichols as their
bankruptcy co-counsel at the recommendation of McDonald Hopkins
LLC, the Debtors? lead counsel; accordingly, the Debtors did not
interview any other law firms as potential co-counsel.  Through
its preparation of the Debtors? Chapter 11 cases, Morris Nichols
has become familiar with the Debtors? business and affairs, and is
well qualified to deal effectively with the potential legal issues
and problems that may arise in the context of the Chapter 11
cases, Mr. Elkins says.  Since its engagement, Morris Nichols has
advised the Debtors and McDonald Hopkins on local rules,
practices, and procedures with respect to various restructuring
issues. As such, the Debtors believe that Morris Nichols is well-
qualified to continue representing them in these cases.

A hearing on the employment application is scheduled for March 13,
2014, 12:00 p.m. (ET).  Objections are due March 6.

                       About Victor Oolitic

Victor Oolitic Stone Company began as a supplier of raw block
limestone and evolved into the leading provider of a full range of
dimensional limestone products in North America.  The company owns
10 quarry sites totaling over 4,000 acres and is largest
dimensional Indiana limestone quarrier and fabricator in North
America.

Victor Oolitic and VO Stone Holdings, Inc., sought bankruptcy
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 14-10311) on Feb. 17, 2014 with plans to sell the
assets to Indiana Commercial Finance, LLC, in exchange for a debt
of $26 million.

The Debtors have tapped McDonald Hopkins LLC as counsel; Morris,
Nichols, Arsht & Tunnell, as Delaware counsel; and Quarton
Partners, LLC, as financial advisors.

Victor Oolitic estimated $50 million to $100 million in assets and
liabilities.

As of Jan. 1, 2014, the aggregate outstanding principal and
accrued interest under the Debtors' prepetition credit agreement
was $53 million.  The Debtors also have approximately $6 million
in general unsecured debt primarily consisting of outstanding
notes owed to former owners of the legacy Indiana Limestone
Company and trade debt.


VICTOR OOLITIC: Taps Quarton Partners as Investment Banker
----------------------------------------------------------
Victor Oolitic Stone Company, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ Quarton
Partners, LLC, an affiliate of Spearhead Capital LLC, a regulated
broker dealer, as the Debtors' investment banker.

Quarton will manage the sale of substantially all of the assets of
the Debtors and will assist and advise the Debtors with respect
to, among other things: (a) defining objectives related to value
and terms; (b) identifying and demonstrating the Debtors?
proprietary attributes; and (c) identifying and soliciting
appropriate partners.

During the term of the agreement, the Debtors will pay to Quarton
$50,000 per month.  If the sale of the Debtors? assets is
accomplished in one or a series of transactions, Quarton will
charge a transaction fee of $250,000; provided that, the
Transaction Fee will be reduced, on a dollar-for-dollar basis, by
the total amount of Monthly Fees received by Quarton prior to the
closing of the Transaction.  It is understood and agreed that if
the total amount of Monthly Fees received by Quarton exceeds the
Transaction Fee, no additional fees including, without limitation,
the Transaction Fee will be due from the Company.  Notwithstanding
the foregoing, upon the closing of a Transaction to an Acquirer
other than Indiana Commercial Finance, LLC, Indiana Limestone
Acquisition, LLC or any of their respective affiliates or
designees, Quarton will receive a fee equal to 2% of the total
proceeds from the Transaction in lieu of the Transaction Fee;
provided, however, that the total amount of Monthly Fees received
by Quarton prior to the closing of the Transaction will reduce, on
a dollar-for-dollar basis, the amount of proceeds from the
Transaction in the calculation of the Success Fee.

The Debtors will reimburse Quarton for its reasonable out-of-
pocket expenses, provided, that the legal fees and expenses will
not exceed $50,000 in the aggregate and provided further that the
expenses will not exceed $15,000 per month.

Andre A. Augier, a managing director of the firm Quarton Partners,
LLC, assures the Court that his firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtors and
their estates.  Mr. Augier discloses that the Debtors paid Quarton
a cash retainer of $50,000 on or about February 13, 2014.  Mr.
Augier also discloses that Quarton currently represents Wynnchurch
Capital in certain matters unrelated to the Chapter 11 cases.
Wynnchurch Capital, according to Mr. Augier, has accounted for
less than 1% of the firm's revenues.

A hearing on the employment application is set for March 13, 2014,
at 12:00 p.m.  Objections are due March 6.

                       About Victor Oolitic

Victor Oolitic Stone Company began as a supplier of raw block
limestone and evolved into the leading provider of a full range of
dimensional limestone products in North America.  The company owns
10 quarry sites totaling over 4,000 acres and is largest
dimensional Indiana limestone quarrier and fabricator in North
America.

Victor Oolitic and VO Stone Holdings, Inc., sought bankruptcy
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 14-10311) on Feb. 17, 2014 with plans to sell the
assets to Indiana Commercial Finance, LLC, in exchange for a debt
of $26 million.

The Debtors have tapped McDonald Hopkins LLC as counsel; Morris,
Nichols, Arsht & Tunnell, as Delaware counsel; and Quarton
Partners, LLC, as financial advisors.

Victor Oolitic estimated $50 million to $100 million in assets and
liabilities.

As of Jan. 1, 2014, the aggregate outstanding principal and
accrued interest under the Debtors' prepetition credit agreement
was $53 million.  The Debtors also have approximately $6 million
in general unsecured debt primarily consisting of outstanding
notes owed to former owners of the legacy Indiana Limestone
Company and trade debt.


VICTOR OOLITIC: Seeks to Employ Faegre Baker as Labor Counsel
-------------------------------------------------------------
Victor Oolitic Stone Company, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ Faegre
Baker Daniels LLP as labor and employment counsel.

The Debtors anticipate that the firm's services will include the
following: (a) day-to-day HR counseling, (b) investigating and
responding to any charges with outside agencies, (c) drafting
desired new personnel policies and forms, (d) periodic updating of
existing personnel documents, like handbooks, applications, etc.,
(e) strategizing on further improving risk management issues for
employment, (f) conducting periodic EEO/harassment/other
employment training for managers, (g) advising the Debtors on NLRB
compliance and other labor and union affairs, (h) preparing for
and negotiating collective bargaining agreements, (i) advising the
Debtors on WARN act compliance, (j) strategizing with top
management on labor and employment law issues as needed, and (k)
drafting employment agreements as needed.

The primary attorneys within FBD who will represent the Debtors
and their current standard hourly rates are: Stuart Buttrick, $410
per hour; Gregory Dale, $420 per hour; and Jay Jaffe, $580 per
hour.  The firm will also be reimbursed for any necessary out-of-
pocket expenses.

Mr. Jaffe, a partner at Faegre Baker Daniels LLP, assures the
Court that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.
Mr. Jaffe discloses that FBD represents Johnson Ventures II, LLC,
Richard L. Johnson, Jr., and Kevin J. Martin.  JV is a noteholder
and an unsecured creditor of the Debtors' estates, and a former
owner of some of the Debtors' assets.  Prior to the Petition Date,
JV explored the possible acquisition of the Debtors' assets and
may develop a renewed interest in acquiring the Debtors' assets.
Prior to the Petition Date, FBD received a forward consent from
the Debtors consenting to the firm's representation of JV with
respect to its unsecured note and in connection with a potential
acquisition of the Debtors' assets.  The Debtors have agreed to
extent the prepetition consent to permit FBD to represent JV as
both a creditor of the Debtors' estate, as a potential purchaser
of the Debtors' assets, and in other matters unrelated to the
Debtors.  JV has also consented to FBD's continued representation
of the Debtors as labor and employment counsel.

Mr. Jaffe also discloses that his firm represents Brian Moore in
various matters, including as a potential purchaser of the
Debtors' assets.  The Debtors have consented to FBD's continued
representation of Moore as a potential purchaser of the Debtors'
assets and in other matters unrelated to the Debtors.  Moore has
also consented to FBD's continued representation of the Debtors as
labor and employment counsel.

In order to vitiate any actual or potential conflicts of interest,
FBD will not assist the Debtors in connection with their analysis,
negotiations, and litigation, if any, with parties whom FBD has
existing client relationships, Mr. Jaffe says.

Duffe J. Elkins, President of Victor Oolitic Stone Company,
discloses that FBD has represented the Debtors in labor and
employment matters for several decades.  Accordingly, FBD is
uniquely familiar with the Debtors' businesses, operations, and
specific labor and employment needs.  The Debtors believe that FBD
is well-qualified to serve as labor and employment counsel in the
case in an efficient and effective manner, and the Debtors thus
decided to retain FBD as the Debtors' labor and employment counsel
during the Chapter 11 Cases.

                       About Victor Oolitic

Victor Oolitic Stone Company began as a supplier of raw block
limestone and evolved into the leading provider of a full range of
dimensional limestone products in North America.  The company owns
10 quarry sites totaling over 4,000 acres and is largest
dimensional Indiana limestone quarrier and fabricator in North
America.

Victor Oolitic and VO Stone Holdings, Inc., sought bankruptcy
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 14-10311) on Feb. 17, 2014 with plans to sell the
assets to Indiana Commercial Finance, LLC, in exchange for a debt
of $26 million.

The Debtors have tapped McDonald Hopkins LLC as counsel; Morris,
Nichols, Arsht & Tunnell, as Delaware counsel; and Quarton
Partners, LLC, as financial advisors.

Victor Oolitic estimated $50 million to $100 million in assets and
liabilities.

As of Jan. 1, 2014, the aggregate outstanding principal and
accrued interest under the Debtors' prepetition credit agreement
was $53 million.  The Debtors also have approximately $6 million
in general unsecured debt primarily consisting of outstanding
notes owed to former owners of the legacy Indiana Limestone
Company and trade debt.


VICTOR OOLITIC: Has Authority to Hire Kurtzman as Claims Agent
--------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware authorized Victor Oolitic Stone Company, et
al., to employ Kurtzman Carson Consultants as claims and noticing
agent.

Kurtzman will be paid hourly rates:

                                         Discounted
   Position                              Hourly Rate
   --------                              -----------
   Executive Vice President                   Waived
   Director/Senior Managing Consultant          $180
   Consultant/Senior Consultant             $75-$165
   Technology/Programming Consultant        $65-$120
   Project Specialist                       $55-$100
   Clerical                                 $30-$50

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

                       About Victor Oolitic

Victor Oolitic Stone Company began as a supplier of raw block
limestone and evolved into the leading provider of a full range of
dimensional limestone products in North America.  The company owns
10 quarry sites totaling over 4,000 acres and is largest
dimensional Indiana limestone quarrier and fabricator in North
America.

Victor Oolitic and VO Stone Holdings, Inc., sought bankruptcy
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 14-10311) on Feb. 17, 2014 with plans to sell the
assets to Indiana Commercial Finance, LLC, in exchange for a debt
of $26 million.

The Debtors have tapped McDonald Hopkins LLC as counsel; Morris,
Nichols, Arsht & Tunnell, as Delaware counsel; and Quarton
Partners, LLC, as financial advisors.

Victor Oolitic estimated $50 million to $100 million in assets and
liabilities.

As of Jan. 1, 2014, the aggregate outstanding principal and
accrued interest under the Debtors' prepetition credit agreement
was $53 million.  The Debtors also have approximately $6 million
in general unsecured debt primarily consisting of outstanding
notes owed to former owners of the legacy Indiana Limestone
Company and trade debt.


VISUALANT INC: Incurs $845,500 Net Loss in Dec. 31 Quarter
----------------------------------------------------------
Visualant, Incorporated, filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $845,599 on $1.87 million of revenue for the three
months ended Dec. 31, 2013, as compared with a net loss of
$700,936 on $2.05 million of revenue for the same period last
year.

As of Dec. 31, 2013, the Company had $3.32 million in total
assets, $6.90 million in total liabilities, a $3.64 million total
stockholders' deficit, and $65,238 noncontrolling interest.

"The Company anticipates that it will record losses from
operations for the foreseeable future.  As of December 31, 2013,
our accumulated deficit was $21,399,592.  The Company has limited
capital resources, and operations to date have been funded with
the proceeds from private equity and debt financings and loans
from Ronald P. Erickson, our Chief Executive Officer.  These
conditions raise substantial doubt about our ability to continue
as a going concern," the Company said in the Quarterly Report.

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

                        http://is.gd/kpAxjI

                       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.

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.


W.R. GRACE: Administrative Claims Bar Date Set for May 5
--------------------------------------------------------
W. R. Grace & Co. disclosed that its Joint Plan of Reorganization
became effective on Feb. 3, 2014, marking the company's emergence
from Chapter 11.  Pursuant to the confirmed Plan:

     -- the deadline for holders of general unsecured claims
        who have submitted a timely Notice of Non-Default Contract
        Rate of Interest, which the Debtors have disputed by
        serving a written objection on that holder, to request a
        hearing before the Bankruptcy Court to resolve the
        objection shall be April 7, 2014;

     -- all proofs of claim based on a claim arising from the
        rejection of an executory contract or unexpired lease
        must be filed no later than March 6, 2014;

     -- all final applications for compensation of professionals
        for services rendered and for reimbursement of expenses
        incurred on or before the Plan effective date, and any
        other request for compensation by any entity for making
        a substantial contribution in the Debtors' cases, must
        be filed no later than May 5, 2014;

     -- all requests or applications for payment of
        administrative expense claims other than professionals'
        fees must be filed by May 5, 2014;

Objections to Other Administrative Expense Claims must be filed no
later than Nov. 3, 2014.

The Asbestos PI Committee, the Abestos PD Committee, the Unsecured
Creditors' Committee, and the Equity Committee appointed in the
Debtors' cases are deemed dissolved as of the Plan effective date.

The Joint Plan establishes two independent trusts to compensate
asbestos personal injury claimants and property owners.  The
trusts will be funded with more than $4 billion from a variety of
sources including cash, warrants to purchase Grace common stock,
deferred payment obligations, insurance proceeds, and payments
from former affiliates.  All allowed claims of non-asbestos
creditors will be paid in full.

                        About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.  Grace employs
approximately 6,500 people in over 40 countries and had 2012 net
sales of $3.2 billion.

The company and its debtor-affiliates filed for chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).

The Debtors are represented by Adam Paul, Esq., and John Donley,
P.C., Esq., at Kirkland & Ellis LLP, in Chicago, Illinois; Roger
Higgins, Esq., at The Law Offices of Roger Higgins, in Chicago,
Illinois; and Laura Davis Jones, Esq., James E. O'Neill, Esq.,
and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl & Jones,
LLP, in Wilmington, Delaware.

The Debtors hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.

Stroock & Stroock & Lavan, LLP, and Duane Morris, LLP, represent
the Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.

Roger Frankel serves as legal representative for victims of
asbestos exposure who may file claims against W.R. Grace.  Mr.
Frankel, a partner at Orrick Herrington & Sutcliffe LLP, replaces
David Austern, who was appointed to that role in 2004.  Mr.
Frankel has served as legal counsel for Mr. Austern who passed
away in May 2013.  The FCR is represented by Orrick Herrington &
Sutcliffe LLP as counsel; Phillips Goldman & Spence, P.A., as
Delaware co-counsel; and Lincoln Partners Advisors LLC as
financial adviser.

Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace obtained confirmation of a plan co-proposed with the
Official Committee of Asbestos Personal Injury Claimants, the
Official Committee of Equity Security Holders, and the Asbestos
Future Claimants Representative.   The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.

District Judge Ronald Buckwalter on Jan. 31, 2012, entered an
order affirming the bankruptcy court's confirmation of the Plan.
Bankruptcy Judge Judith Fitzgerald had approved the Plan on
Jan. 31, 2011.

W.R. Grace defeated four appeals from approval of the Plan.  A
fifth appeal was by secured bank lenders claiming the right to
$185 million of interest at the contractual default rate.
Pursuant to a settlement announced in December 2013, lenders are
to receive $129 million in settlement of the claim for additional
interest.


WOODEN RULER: Foreclosure Sale Postponed to April 15
----------------------------------------------------
The public auction scheduled for Feb. 21, 2014, at 2:00 p.m. upon
the Mortgaged Premises located at 21 Norway Plains Road, in the
City of Rochester, Strafford County, New Hampshire, owned by
Wooden Ruler Realty, LLC, HAS BEEN POSTPONED until April 15, 2014,
at 2:00 p.m. upon the premises.

Wooden Ruler entered into the Mortgage, Security Agreement and
Assignment dated January 23, 2013, with East Boston Savings Bank.
The debt was later assigned to Cedar Cove Realty Partners, LLC,
which is initiating the foreclosure sale.

Cedar Cove Realty Partners is represented by:

     BERNSTEIN, SHUR, SAWYER AND NELSON, P.A.
     Roy W. Tilsley, Jr., Esq.
     670 North Commercial Street
     P.O. Box 1120
     Manchester, NH 03105-1120
     Tel: (603) 623-8700


XTREME IRON: Joint Plan of Liquidation Declared Effective
---------------------------------------------------------
Marcus A. Helt, Esq., at Gardere Wynne Sewell LLP, on behalf of
Areya Holder, the Chapter 11 trustee for Xtreme Iron Holdings,
LLC, and Xtreme Iron, LLC, notified the Bankruptcy Court that the
Effective Date of the Joint Plan of Liquidation for the Debtors
occurred on Feb. 5, 2014.

March 7 has been set as rejection claims bar date; and April 7 as
professional fee claims bar Date.

As reported in the Troubled Company Reporter, the Chapter 11
trustee on Nov. 19 won confirmation of the Joint Plan of
Liquidation for the Debtors.

The objection of the Texas Comptroller of Public Accounts to
confirmation of the Plan was resolved by the parties.

Jay W. Hurst, Esq., on behalf of Texas Comptroller of Public
Accounts, in an objection, stated that the Plan contains broad
discharge and injunction provisions in favor of the Debtor
entities.  The Texas Comptroller filed priority and administrative
expense tax claims in the case for unpaid sales and Texas Emission
Reduction Plan taxes totaling $105,632.

Under the Plan, the Chapter 11 Trustee will transfer all of the
Estates' Assets, including the proceeds from her earlier
liquidation, to a Liquidating Trust.  Before the filing of the
Plan, the Chapter 11 Trustee liquidated substantially all of the
Estates' Assets.  The Liquidating Trustee will liquidate the
Liquidating Trust Assets and distribute the net proceeds of that
liquidation to creditors holding Allowed Claims pursuant to the
terms of the Plan and Liquidating Trust Agreement.

Under the Plan, holders of Allowed Priority Non-Tax Claims and
Allowed Secured Tax Claims will receive 100 percent recovery of
their claims.  As for CAT Financial, pursuant to a settlement, it
will be awarded an Allowed Secured Claim equal to approximately
$8,200,000.  On account of that Allowed Class 3 Claim, and in full
satisfaction, release, and discharge of and exchange for that
Claim, and the release of all Liens against the Estates' assets,
as well as additional consideration, CAT Financial received
$3,291,500 in cash from the Chapter 11 Trustee on or around
May 20, 2013.  Moreover, holders of Allowed General Unsecured
Claims will receive a pro rata share of distributions from the
Trust Assets after liquidation and payment in full of secured
claims.  Estimated recovery for this class is 20 percent to 40
percent.  All equity interests will be cancelled and terminated as
of the Effective Date.

A full-text copy of the Disclosure Statement is available at:

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

                         About Xtreme Iron

Xtreme Iron Holdings, LLC, filed a bare-bones Chapter 11 petition
(Bankr. N.D. Tex. Case No. 12-33832) in Dallas on June 13, 2012.
Lake Dallas-based Xtreme Iron Holdings estimated assets and
liabilities of $10 million to $50 million.

Xtreme Iron Holdings is the holding company for Xtreme Iron LLC --
http://www.xtreme-iron.com-- which claims to own one of the
largest heavy equipment rental fleets in the state of Texas.
Their fleet is comprised of late model, low hour Caterpillar and
John Deere equipment.  Holdings said an estimated 90 percent of
the business assets are located in North Texas counties.

Xtreme Iron Hickory Creek LLC filed its own petition (Bankr. E.D.
Tex. Case No. 12-41750) on June 29, listing under $1 million in
both assets and debts.

Xtreme Iron LLC commenced Chapter 11 proceedings (Bankr. N.D. Tex.
Case No. 12-34540) almost a month later, on July 11, estimating
assets and debts of $10 million to $50 million.

Judge Harlin DeWayne Hale oversees the Chapter 11 cases of
Holdings and Iron LLC.  Gregory Wayne Mitchell, Esq., at The
Mitchell Law Firm, L.P., serves as bankruptcy counsel to all three
Debtors.

On Sept. 14, 2012, Areya Holder was appointed Chapter 11 Trustee
of the estates of Xtreme Iron Holdings, LLC, and Xtreme Iron, LLC.
Gardere Wynne Sewell LLP serves as counsel for Areya Holder.

Beta Capital LLC, a creditor, asked the Bankruptcy Court in Dallas
to transfer the venue of Holdings' Chapter 11 case to the
Bankruptcy Court for the Eastern District of Texas, saying the
company's domicile, residence, principal place of business, and
the location of its principal assets are all in the Eastern
District; and venue is not proper in the Northern District of
Texas.


* UltraTrust.com Discusses Pro Athletes' Financial Mess
-------------------------------------------------------
Adam Molon of CNBC on Jan. 31, 2014, reported on NFL quarterback
Vince Young's Chapter 11 bankruptcy protection filing in the
Southern District of Texas (1).  "CNBC underscored the unfortunate
fact that Young is only the latest financial casualty among a
string of NFL players who have gone from earning millions to
coping with insolvency and limited prospects," Says Rocco
Beatrice, Managing Director of Estate Street Partners and parent
company of UltraTrust.com; a firm dedicated to estate planning and
asset protection for clients of all levels.

The inauspicious trend of professional athletes going broke picked
up considerable interest in the midst of the Great American
Recession thanks to a groundbreaking investigative report
published by Sports Illustrated (SI) in March 2009. "How (and Why)
Athletes Go Broke" (2) revealed that nearly 80 percent of NFL
players fall into serious financial hardship three years after
they stop playing. Their research goes on to say that the
situation is marginally better in the NBA, where 60 percent of
players are nearly penniless five years into their retirement. MLB
players face a similar situation.

On average, according the SI article, NFL careers tend to be short
and lucrative. In just three years, players can earn $4 million
and move on to the next stage of their lives. Vince Young is
currently a free agent; he has spent most of his last two years
away from the gridiron and embroiled in a couple of lawsuits
related to a loan gone wrong. According to an MSN Money article,
Young's insolvency can be traced to bad investment choices,
overspending and a lack of an effective asset protection strategy
(3).

Yahoo Sports sheds some light into Young's legal troubles: During
the NFL lockout in 2011, Young reportedly obtained a $1.8 million
cash loan through his financial advisor (4). Young claims that he
never received the loan proceeds, and the amount he allegedly owes
has ballooned to $2.5 million.

"Looking at the reported figures of Young's Chapter 11 filing, it
is clear that this judgment against him to recover the lockout
loan is dragging him down," explains Mr. Beatrice. "NFL players
are often targets of lawsuits; for this, and many other reasons,
and they should strongly consider setting up structured,
personalized plans to protect their assets. Often that means the
use of FLP or irrevocable trust."

"The short careers of NFL players call for careful estate planning
on top of the investment advice they usually receive. Financial
stability is becoming just as important as good health and
athletic skills for NFL players." Mr. Beatrice explains: "On any
given Sunday, NFL players take on considerable risk. They work
hard and play hard, and they enjoy living the high life. The
overspending and dubious investment choices have virtually become
rituals for professional athletes; it's almost as if they feel
invincible when they come off the field, but they are actually
vulnerable when it comes to their finances."

"The financial turmoil experienced by many NFL players can take a
toll on them when they take the field." Mr. Beatrice comments and
"It takes a lot of discipline to avoid overspending and making
investment mistakes because the money is big and fast and these
guys make a living on the field that requires them to believe they
are invincible, which has a tendency to follow them off the
field."

Mr. Beatrice continued "Irrevocable trusts and other estate
planning strategies can help in this regard thanks to their
structured nature of asset management; these are instruments that
actually encourage saving money and keeping it safe. The biggest
mistake an NFL player can make in relation to their finances is to
forego estate planning, which is something they should accomplish
in their rookie season. When executed correctly, many of the
players can defer most of their income taxes while they are in the
highest tax bracket and make sure that they have enough money for
the rest of their lives."

"Young NFL players tend to live from one Sunday to the next
without thinking about what life might have in store for them once
they stop playing. For many of these players, playing at the
professional level is a ticket to a very early retirement and a
greatly diminished earning power. They need to establish a solid
foundation for their finances, which is something that can be
accomplished with thoughtful estate planning."

Young is hardly the first NFL superstar quarterback to get
financially sacked according to USA today; Super Bowl champion and
Cleveland Browns legend Bernie Kosar (5) was yet another of the
most notable players that was forced into a calamitous Chapter 7
liquidation back in 2009, more than ten years after his last game
with the Miami Dolphins.

           About Estate Street Partners (UltraTrust.com)

For 30 years, Estate Street Partners has been helping clients
protect assets from divorce and frivolous lawsuits while
eliminating estate taxes and probate as well as ensuring superior
Medicaid asset protection for both parents and children with their
Premium UltraTrust(R) Irrevocable Trust. Call (888) 938-5872


* Apollo's Leon Black Says Distressed Debt Still Attractive
-----------------------------------------------------------
Chad Bray, writing for The New York Times, reported that
Leon Black, the co-founder of Apollo Global Management, said
Tuesday at SuperReturn International in Berlin, Germany, that
there were still attractive opportunities for private equity firms
to invest in distressed debt.  He said the difference was today's
investments take more time to identify and were "not like shooting
ducks in a barrel as in 2009."

The report noted that Mr. Black said Tuesday Apollo has sold about
$24 billion in portfolio company holdings, while only investing
about $2 billion in the last two years.  The firm also has used
the opportunity to refinance debt and deleverage the companies in
which it holds stakes, he said.

The report added that Apollo Global has raised $18.4 billion for
its latest fund, which pursues both equity and debt investments.


* Head Muni Salesman at Goldman to Join Hedge Fund
--------------------------------------------------
Mike Cherney, writing for The Wall Street Journal, reported that
the head of municipal-bond institutional sales at Goldman Sachs &
Co. is joining a new hedge fund manager, seeking to take advantage
of opportunities in a market that has been rattled by Detroit's
record-setting bankruptcy and fiscal problems in Puerto Rico.

According to the report, Paul Ferrarese is joining Whitehaven
Asset Management LP, where he will serve as head of business
development and be charged with finding new investors and managing
existing ones. Mr. Ferrarese will also help Scott Richman, who
founded the firm in 2013, with investment decisions.

Earlier this year, Whitehaven launched the Whitehaven Credit
Opportunities Fund, joining the small but growing ranks of hedge
funds that focus on the $3.7 trillion municipal-bond market, the
report related.  The fund has $31 million in assets and another $4
million in commitments, Mr. Richman said in an interview.

Mom-and-pop investors attracted to the perceived safety and tax
benefits of municipal bonds continue to dominate the market, the
report said.  But Mr. Richman said a slew of new and at-times more
complicated investments, and the fact that many mutual funds focus
on bonds from a single state, offer openings for hedge funds with
a more flexible strategy.

For example, there are more municipal bonds where the interest is
taxable, municipal bonds backed by corporations and municipal
bonds backed by tobacco sales than there were about 10 years ago,
the report pointed out.  Highly rated bond insurers that
guaranteed municipal bonds saw their ratings cut in the aftermath
of the financial crisis, making it more important for investors to
understand the financial health of the municipalities issuing the
debt.


* Patton Boggs and Squire Sanders Are in Merger Talks
-----------------------------------------------------
Jennifer Smith, writing for The Wall Street Journal, reported that
Washington, D.C., law firm Patton Boggs LLP is in merger talks
with a larger firm, Squire Sanders, over a potential tie-up that
could create a roughly 1,700-lawyer global entity with offices in
22 countries.

The discussions are in early stages, the Journal said, citing a
joint statement the firms issued on Feb. 26.  A combination,
should both sides agree to proceed, could shore up the bottom line
of Patton Boggs, which is under growing strain amid a firm-wide
overhaul, and expand its international reach while lending Squire
Sanders significant heft in Washington.

Patton Boggs is known for its influence in the capital, where
Chairman Thomas Hale Boggs Jr. helped pioneer the lobbying
shop/law firm model that made the firm a Beltway institution, the
report related.  But its fortunes have faltered in recent years
amid a contracting legal market and disappointing financial
results. Patton Boggs's revenues slid by 12% in 2013, to $278
million, and the firm is shutting down its Newark, N.J., office,
whose earning power has plunged.

Squire Sanders has roots in Cleveland, Oh., but has grown in
recent decades into an international firm with 1,300 attorneys in
the U.K., across Europe, Asia and elsewhere, the report related.
In 2012 it had $774.5 million in revenue, according to rankings
compiled by the American Lawyer magazine.

Patton Boggs, which is retooling its compensation structure and
slashing expenses, has shrunk to about 380 lawyers and has been
actively searching for a merger partner to expand its platform
both abroad and in significant U.S. legal markets such as
California, the report said.  In 2012 the firm took on a group of
insurance litigators from the now-defunct New York law firm Dewey
& LeBoeuf LLP.  Patton Boggs and Dewey had been in merger
discussions before Dewey filed for Chapter 11 protection that May.


* Recent Small-Dollar & Individual Chapter 11 Filings
-----------------------------------------------------

In re Kyle Parker
   Bankr. D. Ariz. Case No. 14-01941
      Chapter 11 Petition filed February 19, 2014

In re HSCO Tie and Lumber Co., Inc.
   Bankr. W.D. Ark. Case No. 14-70473
     Chapter 11 Petition filed February 19, 2014
         See http://bankrupt.com/misc/arwb14-70473.pdf
         represented by: O.C. Rusty Sparks, Esq.
                         O.C. "RUSTY" SPARKS, P.A.
                         E-mail: cbscourtnotices2@gmail.com

In re Victoria Saldana
   Bankr. C.D. Cal. Case No. 14-13131
      Chapter 11 Petition filed February 19, 2014

In re Juan Bazan
   Bankr. C.D. Cal. Case No. 14-13135
      Chapter 11 Petition filed February 19, 2014

In re Elk Grove Communications Tower, Inc.
   Bankr. E.D. Cal. Case No. 14-21555
     Chapter 11 Petition filed February 19, 2014
         See http://bankrupt.com/misc/caeb14-21555.pdf
         Filed Pro Se

In re Essex Moto, LLC
   Bankr. D. Conn. Case No. 14-30277
     Chapter 11 Petition filed February 19, 2014
         See http://bankrupt.com/misc/ctb14-30277.pdf
         represented by: Peter L. Ressler, Esq.
                         GROOB RESSLER & MULQUEEN
                         E-mail: ressmul@yahoo.com

In re Mickens Investment 2, Inc.
        aka Mickens Investment, Inc.
   Bankr. M.D. Fla. Case No. 14-00728
     Chapter 11 Petition filed February 19, 2014
         See http://bankrupt.com/misc/flmb14-00728.pdf
         represented by: Thomas C Adam, Esq.
                         MEARKLE TRUEBLOOD ADAM, P.L.
                         E-mail: tadam@mtalawyers.com

In re Ceres Holdings, Inc.
   Bankr. S.D. Fla. Case No. 14-13863
     Chapter 11 Petition filed February 19, 2014
         See http://bankrupt.com/misc/flsb14-13863.pdf
         represented by: Jessica Yero, Esq.

In re John Ferguson
   Bankr. N.D. Ill. Case No. 14-05297
      Chapter 11 Petition filed February 19, 2014

In re Branislav Zuric
   Bankr. N.D. Ill. Case No. 14-05378
      Chapter 11 Petition filed February 19, 2014

In re Greenberg Gourmet, LLC
        aka Ize's Deli & Bagelry
   Bankr. D. Md. Case No. 14-12410
     Chapter 11 Petition filed February 19, 2014
         See http://bankrupt.com/misc/mdb14-12410.pdf
         represented by: John Douglas Burns, Esq.
                         THE BURNS LAWFIRM, LLC
                         E-mail: jburns@burnsbankruptcyfirm.com

In re Damian Obioha
   Bankr. D. Md. Case No. 14-12460
      Chapter 11 Petition filed February 19, 2014

In re 800 East Grand Corporation
        dba 800 East Grand Corp.
   Bankr. D.N.J. Case No. 14-12839
     Chapter 11 Petition filed February 19, 2014
         See http://bankrupt.com/misc/njb14-12839.pdf
         represented by: Jonathan Goodman, Esq.

In re Red Byrd, Inc.
   Bankr. D.N.J. Case No. 14-12842
     Chapter 11 Petition filed February 19, 2014
         See http://bankrupt.com/misc/njb14-12842.pdf
         represented by: Andrew J. Kelly, Esq.
                         KELLY & BRENNAN, P.C.
                         E-mail: akelly@kbtlaw.com

In re Martha Lance
   Bankr. W.D.N.C. Case No. 14-30262
      Chapter 11 Petition filed February 19, 2014

In re John Messina
   Bankr. W.D. Pa. Case No. 14-20602
      Chapter 11 Petition filed February 19, 2014

In re Centro De Ayuda Social, Inc.
   Bankr. D.P.R. Case No. 14-01186
     Chapter 11 Petition filed February 19, 2014
         See http://bankrupt.com/misc/prb14-01186.pdf
         represented by: Francisco J Ramos Gonzalez, Esq.
                         FRANCISCO J. RAMOS & ASOCIADOS, C.S.P.
                         E-mail: fjramos@coqui.net

In re JD Investors, LLC
        dba La Vida Massage of Woodbridge
   Bankr. E.D. Va. Case No. 14-10564
     Chapter 11 Petition filed February 19, 2014
         See http://bankrupt.com/misc/vaeb14-10564.pdf
         represented by: Richard G. Hall, Esq.
                         E-mail: richard.hall33@verizon.net

In re J2 Company, LLC
        dba J2 Company of Virginia, LLC
   Bankr. E.D. Va. Case No. 14-10576
     Chapter 11 Petition filed February 19, 2014
         See http://bankrupt.com/misc/vaeb14-10576.pdf
         represented by: John W. Bevis, Esq.
                         JOHN W. BEVIS, P.C.
                         E-mail: johnbevis@bevislawoffices.com
In re H20 Park, LLC
   Bankr. N.D. Cal. Case No. 14-40730
     Chapter 11 Petition filed February 20, 2014
         See http://bankrupt.com/misc/canb14-40730.pdf
         represented by: Paul E. Manasian, Esq.
                         LAW OFFICES OF PAUL E. MANASIAN
                         E-mail: manasian@mrlawsf.com

In re 85 Summit, LLC
   Bankr. D. Colo. Case No. 14-11704
     Chapter 11 Petition filed February 20, 2014
         See http://bankrupt.com/misc/cob14-11704.pdf
         represented by: Robert J. Shilliday, III, Esq.
                         SHILLIDAY LAW, P.C.
                         E-mail: rjs@shillidaylaw.com

In re 103 Summit, LLC
   Bankr. D. Colo. Case No. 14-11705
     Chapter 11 Petition filed February 20, 2014
         See http://bankrupt.com/misc/cob14-11705.pdf
         represented by: Robert J. Shilliday, III, Esq.
                         SHILLIDAY LAW, P.C.
                         E-mail: rjs@shillidaylaw.com

In re Jorge Arroyave
   Bankr. M.D. Fla. Case No. 14-01805
      Chapter 11 Petition filed February 20, 2014

In re Ditto Transport, LLC
   Bankr. N.D. Ill. Case No. 14-05469
     Chapter 11 Petition filed February 20, 2014
         See http://bankrupt.com/misc/ilnb14-05469.pdf
         represented by: Ben L Schneider, Esq.
                         SCHNEIDER & STONE
                         E-mail: ben@windycitylawgroup.com

In re TransAir Corporation
   Bankr. W.D. Ky. Case No. 14-10176
     Chapter 11 Petition filed February 20, 2014
         See http://bankrupt.com/misc/kywb14-10176.pdf
         represented by: Scott A. Bachert. Esq.
                         HARNED BACHERT & MCGEHEE, P.S.C.
                         E-mail: bachert@hbmfirm.com

In re Nona Amalfi, LLC
        dba Marios Trattoria
   Bankr. D.N.J. Case No. 14-12956
     Chapter 11 Petition filed February 20, 2014
         See http://bankrupt.com/misc/njb14-12956.pdf
         represented by: Lawrence F. Morrison, Esq.
                         THE MORRISON LAW OFFICES, P.C.
                         E-mail: morrlaw@aol.com

In re Finfree Investments, LLC
   Bankr. E.D. Pa. Case No. 14-11210
     Chapter 11 Petition filed February 20, 2014
         See http://bankrupt.com/misc/paeb14-11210.pdf
         represented by: Alexander Moretsky, Esq.
                         MORETSKY LAW FIRM
                         E-mail: amoretsky@moretskylaw.com

In re Jose Rodriguez Cruz
   Bankr. D.P.R. Case No. 14-01204
      Chapter 11 Petition filed February 20, 2014

In re Luis Alvarez Cabrera
   Bankr. D.P.R. Case No. 14-01215
      Chapter 11 Petition filed February 20, 2014

In re Ivaylo Dodev
   Bankr. D. Ariz. Case No. 14-02116
      Chapter 11 Petition filed February 21, 2014

In re Gerald Bratcher
   Bankr. C.D. Cal. Case No. 14-11072
      Chapter 11 Petition filed February 21, 2014

In re Corto Investors, LLC
   Bankr. S.D. Cal. Case No. 14-01216
     Chapter 11 Petition filed February 21, 2014
         See http://bankrupt.com/misc/casb14-01216.pdf
         represented by: James Mortensen, Esq.
                         SOCAL LAW GROUP, P.C.
                         E-mail: pimmsno1@aol.com

In re Fred Eisler
   Bankr. M.D. Fla. Case No. 14-01867
      Chapter 11 Petition filed February 21, 2014

In re Hanna's Gourmet Diner, Inc.
   Bankr. S.D. Fla. Case No. 14-14064
     Chapter 11 Petition filed February 21, 2014
         See http://bankrupt.com/misc/flsb14-14064.pdf
         represented by: Mark D. Cohen, Esq.
                         MARK D. COHEN, P.A.
                         E-mail: mdcohenpa@yahoo.com

In re Bella Luna Condominium Association, Inc.
   Bankr. S.D. Fla. Case No. 14-14101
     Chapter 11 Petition filed February 21, 2014
         See http://bankrupt.com/misc/flsb14-14101.pdf
         represented by: Richard R. Robles, Esq.
                         LAW OFFICES OF RICHARD R. ROBLES, P.A.
                         E-mail: rrobles@roblespa.com

In re Frontier Food Mart, LLC
        dba Ponderosa Truck Stop
   Bankr. E.D. Tenn. Case No. 4-30492
     Chapter 11 Petition filed February 21, 2014
         See http://bankrupt.com/misc/tneb14-30492.pdf
         represented by: John P. Newton, Jr., Esq.
                         LAW OFFICES OF MAYER & NEWTON
                         E-mail: mayerandnewton@richardmayer.com

In re William Warner
   Bankr. N.D. Tex. Case No. 14-30897
      Chapter 11 Petition filed February 21, 2014

In re Atlas Financial Services, LLC
   Bankr. N.D. Tex. Case No. 14-30900
     Chapter 11 Petition filed February 21, 2014
         See http://bankrupt.com/misc/txnb14-30900.pdf
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS, P.C.
                         E-mail: eric@ealpc.com

In re Texas Trans-Vac, LLC
   Bankr. S.D. Tex. Case No. 14-70112
     Chapter 11 Petition filed February 21, 2014
         See http://bankrupt.com/misc/txsb14-70112.pdf
         represented by: J. Francisco Tinoco, Esq.
                         LAW OFFICE OF J.F. TINOCO
                         E-mail: tinoco@sotxlaw.com

In re Donald Kilpatrick
   Bankr. E.D. Wash. Case No. 14-00587
      Chapter 11 Petition filed February 21, 2014

In re Eamonn Anderson
   Bankr. W.D. Wash. Case No. 14-11161
      Chapter 11 Petition filed February 21, 2014

In re Fredric Lehrman
   Bankr. W.D. Wash. Case No. 14-11162
      Chapter 11 Petition filed February 21, 2014

In re Terry Harris
   Bankr. W.D. Wash. Case No. 14-40875
      Chapter 11 Petition filed February 21, 2014



                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com by e-mail.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
petitions in Acrobat PDF documents.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo Fernandez,
Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2014.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
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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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