TCR_Public/140531.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, May 31, 2014, Vol. 18, No. 149

                            Headlines

ATP OIL: Records $1.25 Million Net Loss in April
COLOR STAR: Ends April with $1.09 Million Cash Balance
F&H ACQUISITION: Net Loss Down to $487,000 at March 25
FLAT OUT: Records $2.43-Mil. in Total Liabilites at April 2
FRESH & EASY: Had $120.13 Million Cash at April 27

INTERFAITH MEDICAL: Net Loss Increases to $5.40 Million in April
LEHMAN BROTHERS: Has $22.7BB Cash & Investments as of March 31
LEHMAN BROTHERS: LBI Trustee Files Balance Sheet as of March 31
LONG BEACH MEDICAL: Reports $1.04 Million Net Loss at March 31
LONG BEACH MEDICAL: Net Loss Decreases to $602,883 in April

MERCANTILE BANCORP: Posts $75MM in Total Liabilities in April
METRO FUEL: Posts $75.93 Million in Total Liabilities for April
NORTHSTAR AEROSPACE: Declares $100.47MM in Total Assets in April
PITT PENN: Had $26,280 Cash at Jan. 31
PITT PENN: Posts $12,732 Net Loss in February

PITT PENN: Increases Cash Balance to $65,688 at March 31
SAVIENT PHARMACEUTICALS: Records $62,592 Net Profit in April


                             *********


ATP OIL: Records $1.25 Million Net Loss in April
------------------------------------------------
ATP Oil & Gas Corporation, on May 20, 2014, filed their monthly
operating report for April 2014.

The Debtors suffered a net loss $1.25 million on total revenues of
$51.158 for the reporting period, a large decrease from the $12.81
million net income reported in March.

The Debtor declared total assets of $26.71 million, total
liabilities of $2.01 billion, and a total shareholders' deficit of
-($1.99 billion).

The Debtor had $2.52 million cash at the beginning of the month.
It posted total receipts of $51,185 and total disbursements of
$72,000.  Thus, at month end, the Debtor had $2.50 million cash.

A copy of the monthly operating report is available at:

          http://bankrupt.com/misc/ATPOILapril2014mor.pdf

                          About ATP Oil

Houston, Texas-based ATP Oil & Gas Corporation is an international
offshore oil and gas development and production company focused
in the Gulf of Mexico, Mediterranean Sea and North Sea.

ATP Oil & Gas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 12-36187) on Aug. 17, 2012.  Attorneys at Mayer Brown LLP,
serve as bankruptcy counsel.  Munsch Hardt Kopf & Harr, P.C., is
the conflicts counsel.  Motley Rice LLC and Fayard & Honeycutt,
APC serve as special counsel.  Opportune LLP is the financial
advisor and Jefferies & Company is the investment banker.
Kurtzman Carson Consultants LLC is the claims and notice agent.

ATP disclosed assets of $3.6 billion and $3.5 billion of
liabilities as of March 31, 2012.  Debt includes $365 million on a
first-lien loan where Credit Suisse AG serves as agent.  There is
$1.5 billion on second-lien notes with Bank of New York Mellon
Trust Co. as agent.  ATP's other debt includes $35 million on
convertible notes and $23.4 million owing to third parties for
their shares of production revenue.  Trade suppliers have claims
for $147 million, ATP said in a court filing.

An official committee of unsecured creditors has been appointed in
the case.  Evan R. Fleck, Esq., at Milbank, Tweed, Hadley &
McCloy, in New York, represents the Creditors Committee as
counsel.

A seven-member panel of equity security holders has also been
appointed in the case.  Kyung S. Lee, Esq., and Charles M. Rubio,
Esq. of Diamond McCarthy LLP, in Houston, Texas, serve as counsel
to the Equity Committee.


COLOR STAR: Ends April with $1.09 Million Cash Balance
------------------------------------------------------
Color Star Growers of Colorado, Inc., on May 20, 2014, filed its
monthly operating report for April 2014.

The Debtor declared total assets of $2.51 million and total
liabilities of $62.21 million.

The Debtor started the month with $1.26 million cash.  It posted
total receipts of $3,708 and total disbursements of $177,161.  The
Debtor incurred $123,650 in professional fees.  Thus, at April 30,
the Debtor had $1.09 million cash.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/COLORSTARapril2014mor.pdf

                         About Color Star

Color Star, a grower and wholesaler of flowers and nursery stock
with greenhouses and distribution centers in Colorado, Missouri
and Texas, filed for Chapter 11 bankruptcy protection in December
2013.

Color Star Growers of Colorado, Inc., and two affiliates filed
Chapter 11 bankruptcy petitions (Bankr. E.D. Tex. Case Nos. 13-
42959 to 13-42961) on Dec. 15, 2013, in Sherman, Texas.  The
petitions were signed by Brad Walker, chief restructuring officer.
The Debtors estimated assets of at least $10 million and
liabilities of at least $50 million.

Marcus A. Helt, Esq., and Evan R. Baker, Esq., at Gardere Wynne
Sewell LLP, serve as the Debtors' counsel.  SSG Advisors, LLC
provides investment banking services, and UpShot Services LLC
serves as claims, noticing and balloting agent.

The Official Committee of Unsecured Creditors appointed in the
Debtors' cases retained Gavin/Solmonese, LLC as financial
advisors; and Raymond J. Urbanik, Esq., Deborah M. Perry, Esq.,
Thomas Berghman, Esq., and Isaac J. Brown, Esq., at Munsch Hardt
Kopf & Harr, PC as attorneys.


F&H ACQUISITION: Net Loss Down to $487,000 at March 25
------------------------------------------------------
F&H Acquisition Corp., et al., on May 20, 2014, filed a monthly
operating report for the period from Feb. 26 through March 25,
2014.

The Debtors reported a $487,000 net loss on $8 million total net
sales for the reporting period, a big decrease from the $1.70
million net loss incurred at Feb. 25.

At March 25, the Debtors had $2.07 million in total assets, $1.51
million in total liabilities, and a $565,000 total shareholders'
equity.

The Debtors had $8.26 million cash at the beginning of the month.
They listed $16.55 million in total receipts and $15.06 million in
total disbursements.  The disbursements include $2.06 million in
professional fees.  At the end of the period, the Debtors had
$9.75 million cash.

A copy of the monthly operating report is available at:

      http://bankrupt.com/misc/F_HACQUISITIONmarch2014mor.pdf

                   About F & H Acquisition Corp.

Wichita, Kansas-based F & H Acquisition Corp., et al., owners of
the Fox & Hound, Champps, and Bailey's Sports Grille casual dining
restaurants, filed a Chapter 11 petition (Bankr. D. Del. Lead
Case No. 13-13220) on Dec. 16, 2013, to quickly sell their assets.

As of the bankruptcy filing, the Debtors have 101 restaurants
located in 27 states and 6,000 employees.  Sales decreased by
approximately 9 percent over the past two years.  The Debtors also
experienced significant inflation in commodity prices, energy
prices and labor costs.

F&H estimated assets in excess of $100 million.  According to a
court filing, outstanding debt obligations total $119 million,
including $68.4 million owing on a first-lien loan with General
Electric Capital Corp. as agent.  The $11.2 million second-lien
obligation has Cerberus Business Finance LLC as agent.  Unsecured
trade suppliers and landlords are owed $11.2 million.

F & H Acquisition Corp., disclosed $122,115,200 in assets and
$122,579,631 in liabilities as of the Chapter 11 filing.

The senior lenders are to provide $9.6 million in financing for
the bankruptcy, with $3.5 million on an interim basis.

The parent holding company, F&H Acquisition Corp., is based in
Wichita, Kansas.

The Debtors have tapped Adam Friedman, Esq., at Olshan Frome
Wolosky LLP, in New York; and Robert S. Brady, Esq., Young Conaway
Stargatt & Taylor, LLP, in Wilmington, Delaware, as counsel;
Imperial Capital LLC as financial advisor; and Epiq Bankruptcy
Solutions as claims and noticing agent.

The U.S. Trustee has appointed seven members to an official
committee of unsecured creditors.  The Official Committee of
Unsecured Creditors is represented by Bradford J. Sandler, Esq.,
at Pachulski Stang Ziehl & Jones, LLP, in Wilmington, Delaware;
and Jeffrey N. Pomerantz, Esq., at Pachulski Stang Ziehl & Jones,
LLP, in Los Angeles, California.


FLAT OUT: Records $2.43-Mil. in Total Liabilites at April 2
-----------------------------------------------------------
Flat Out Crazy, LLC, on May 23, 2014, filed a monthly operating
report for the period from Feb. 27 through April 2, 2014.

The Debtor incurred a net loss of $8,375 on zero revenue, an
increase from the $4,071 net loss reported at Feb. 26.

The Debtor declared total assets of $832,896, total liabilities of
$2.43 million, and a total shareholders' deficit of -($1.60
million).

The Debtor had $371,444 cash at the beginning of the period.  It
posted total receipts of $23,268 and total disbursements of
$9,143.  At the end of the period, the Debtor had $385,568 cash.

A copy of the monthly operating report is available at:

    http://bankrupt.com/misc/FlatOut Crazy_515_morapril2014.pdf

                       About Flat Out Crazy

Flat Out Crazy LLC and its affiliates operate two Asian-inspired
restaurant chains that began in Chicago.  Flat Top Grill, which
currently has 15 locations, is a full-service fast-casual create-
your-own stir-fry concept.  Stir Crazy Fresh Asian Grill, which
has 11 locations, is a full-service casual Asian restaurant
offering the flavors of Chinese, Japanese, Thai and Vietnamese
food.  The Debtors have 1,200 employees.

Flat Out Crazy and 13 affiliates sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 13-22094) in White Plains, New York
on Jan. 25, 2013.  The Debtors have tapped Squire Sanders (US) LLP
as counsel; Kurtzman Carson Consultants, LLC, as claims, noticing
and administrative agent; William H. Henrich and Mark Samson from
Getzler Henrich as their co-chief restructuring officers; and J.H.
Chapman Group, L.L.C, as their investment bankers.

The Debtor disclosed $24,339,542 in assets and $15,899,166 in
liabilities as of the Chapter 11 filing.

An official committee of unsecured creditors has been appointed in
the Debtors' cases.  The Committee tapped to retain Kelley Drye &
Warren LLP as its counsel and CBIZ Accounting, Tax and Advisory of
New York, LLC as financial advisor.

Tracy Hope Davis, the U.S. Trustee for Region 2, appointed Alan
Chapell, as the consumer privacy ombudsman in the Debtors' cases.


FRESH & EASY: Had $120.13 Million Cash at April 27
--------------------------------------------------
Fresh & Easy Neighborhood Market Inc., and its affiliates, on
May 21, 2014, filed their monthly operating report for the period
from April 1 through April 27, 2014.

The Debtors reported a $566 net loss on zero sales for the month,
a big decrease from the $191,218 net loss reported at March 31.

The Debtor had total assets of $121.05 million, total liabilities
of $830.82 million, and a total shareholders' equity of -($709.77
million).

The Debtors started the month with $122.41 million cash.  They
listed total receipts of $814,239 and total disbursements of $3.09
million.  The disbursements include $2.03 million in professional
fees.  At the end of the month, the Debtors had $120.13 million
cash.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/FRESH_EASYapril2014mor.pdf

                       About Fresh & Easy

Fresh & Easy Neighborhood Market Inc., and its affiliate filed
Chapter 11 petitions (Bankr. D. Del. Case Nos. 13-12569 and
13-12570) on Sept. 30, 2013.  The petitions were signed by James
Dibbo, chief financial officer.  Judge Kevin J. Carey presides
over the case.

Fresh & Easy owes $738 million to Cheshunt, England-based Tesco,
the U.K.'s biggest retailer. Fresh & Easy never made a profit and
lost an average of $22 million a month in the 12 months ended in
February, according to court papers.

Jones Day serves as lead bankruptcy counsel.  Richards, Layton &
Finger, P.A., serves as local Delaware counsel.  Alvarez & Marsal
North America, LLC, serves as financial advisors, and Alvarez &
Marsal Securities, LLC, serves as investment banker.  Prime Clerk
LLC acts as the Debtors' claims and noticing agent.  Gordon
Brothers Group, LLC, and Tiger Capital Group, LLC, serves as the
Debtors' consultant. The Debtors estimated assets of at least $100
million and liabilities of at least $500 million.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed five
creditors to serve in the Official Committee of Unsecured
Creditors in the Chapter 11 cases of Fresh & Easy Neighborhood
Market Inc., et al.  Pachulski Stang Ziehl & Jones LLP serves as
counsel to the Committee. FTI Consulting, Inc. serves as its
financial advisor.

The Debtors closed, on or about Nov. 26, 2013, the sale of about
150 supermarkets plus a production facility in Riverside,
California, to Ron Buckle's Yucaipa Cos.  Pursuant to the sale
terms, the bankruptcy company changed its name, and the name of
the case, to Old FENM Inc.


INTERFAITH MEDICAL: Net Loss Increases to $5.40 Million in April
----------------------------------------------------------------
Interfaith Medical Center, Inc., on May 20, 2014, filed a monthly
operating report for April 2014.

The Debtor suffered a net loss of $5.40 million on total revenue
of $12.10 million for the reporting period, an increase from the
$2.77 million net loss incurred in March.

The Debtor declared $117.24 million in total assets, $346.54
million in total liabilities, and a -($229.30 million) total
shareholders' deficit.

At April 1, the Debtor had $5.45 million cash.  It used $9.96
million in operating activities, $5.38 million in investing
activities and $5.33 million in financing activities.  At the end
of the month, the Debtor had $3.18 million cash.

A copy of the monthly operating report is available at:

  http://bankrupt.com/misc/InterfaithMedical_1086_morapril2014.pdf

                  About Interfaith Medical Center

Headquartered in Brooklyn, New York, Interfaith Medical Center,
Inc., operates a 287-bed hospital on Atlantic Avenue in Bedford-
Stuyvesant and an ambulatory care network of eight clinics in
central Brooklyn, in Crown Heights and Bedford-Stuyvesant.

The Company filed for Chapter 11 protection (Bankr. E.D. N.Y.
Case No. 12-48226) on Dec. 2, 2012.  The Debtor disclosed
$111,872,972 in assets and $193,540,998 in liabilities as of the
Chapter 11 filing.  Liabilities include $117.9 million owing to
the New York State Dormitory Authority on bonds secured by the
assets.

Alan J. Lipkin, Esq., at Willkie Farr & Gallagher LLP, serves as
bankruptcy counsel to the Debtor.  Nixon Peabody LLP is the
special corporate and healthcare counsel.  CohnReznick LLP serves
as financial advisor.  Donlin, Recano & Company, Inc. serves as
administrative agent.

The Official Committee of Unsecured Creditors tapped Alston & Bird
LLP as its counsel, and CBIZ Accounting, Tax & Advisory of New
York, LLC as its financial advisor.

Eric M. Huebscher, the patient care ombudsman, tapped the law firm
of DiConza Traurig LLP, as his counsel.


LEHMAN BROTHERS: Has $22.7BB Cash & Investments as of March 31
--------------------------------------------------------------
Lehman Brothers Holdings Inc. disclosed these cash receipts and
disbursements of the company, its affiliated debtors and
controlled entities for the month ended March 31, 2014:

Beginning Total Cash & Investments (03/01/14) $20,644,000,000
Total Sources of Cash                           3,155,000,000
Total Uses of Cash                             (1,138,000,000)
FX Fluctuation                                             (0)
                                               ---------------
Ending Total Cash & Investments (03/31/14)    $22,670,000,000

LBHI reported $9.931 billion in cash and investments as of
March 1, 2014, and $12.196 billion as of March 31, 2014.

The monthly operating report also showed that a total of $19.836
million was paid in March to bankruptcy professionals, of which
$2.886 million was paid to Lehman's turnaround manager Alvarez &
Marsal LLC.  A copy of the March 2014 Operating Report is
available for free at http://is.gd/MkagOm

                       December Balance Sheet

Lehman Brothers Holdings Inc. and its affiliated debtors filed a
copy of their balance sheet as of Dec. 31, 2013.  The document
shows that as of Dec. 31, 2013, the Lehman parent had total
assets of $ 60.371 billion, total liabilities of $226.131 billion
and total stockholders' equity of ($165.76) billion.

A full-text copy of the balance sheet is available without charge
at http://is.gd/Tcnoxb

                       About Lehman Brothers

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

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

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

The Debtors' bankruptcy cases were initially handled by Judge
James M. Peck.  In March 2014, the case was reassigned to Judge
Shelley C. Chapman after Judge James M. Peck resigned to join
Morrison & Foerster LLP as co-chairman of the restructuring and
insolvency practice.

Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

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

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

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

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

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


LEHMAN BROTHERS: LBI Trustee Files Balance Sheet as of March 31
---------------------------------------------------------------
The trustee liquidating Lehman Brothers Inc. filed with the U.S.
Bankruptcy Court in Manhattan the brokerage's liquidation balance
sheet as of March 31, 2014.

The filing shows that the Lehman brokerage had $7.449 million in
total assets and $32.187 million in total liabilities.

                        LBI's Balance Sheet
                       As of March 31, 2014
                           (in millions)

                                   Fund of
                                  Customer   General
                                  Property    Estate     Total
                                  --------   -------    -------
ASSETS
Cash and Cash Equivalents                               $13,074
Securities                                                $125
                                                        -------
Total Assets                                            $13,199

Unallocated Amounts:
Barclays Litigation Reserve                            ($4,503)
Post-Filing Dividends & Interest                       ($1,247)
                                                        -------
Allocated Assets:
Cash and Cash Equivalents          $3,109    $4,215     $7,324
Securities                            $84       $41       $125
                                  --------   -------    -------
Total Assets                        $3,193    $4,256     $7,449
                                  ======== =========  =========

LIABILITIES
(Do Not Include Unliquidated
and Contingent Amounts)

Customer Claims:
Allowed Pending Distributions         $70                  $70
Disputed Claims:
  Repurchase Agreements               $325                 $325
  Forward Contracts                   $171                 $171
  Affiliates                          $151                 $151
  Miscellaneous Non-Affiliate Claims  $101                 $101
  Allowed Portion of Disputed Claims   $48                  $48
Contingencies                     Unknown              Unknown

General Creditor Claims:
Secured                                      $939.3     $939.3
Priority                                     $379.3     $379.3
Administrative                               $156.5     $156.5
Unsecured                                 $28,995.9  $28,995.9
Administrative Expense Reserve                $850.0     $850.0
                                  --------   -------    -------
Total Liabilities                   $866.0 $31,321.0  $32,187.0
                                  ======== =========  =========

A full-text copy of the liquidation balance sheet is available
without charge at http://is.gd/kCMHk9

                       About Lehman Brothers

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

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

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

The Debtors' bankruptcy cases were initially handled by Judge
James M. Peck.  In March 2014, the case was reassigned to Judge
Shelley C. Chapman after Judge James M. Peck resigned to join
Morrison & Foerster LLP as co-chairman of the restructuring and
insolvency practice.

Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

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

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

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

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

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

LONG BEACH MEDICAL: Reports $1.04 Million Net Loss at March 31
--------------------------------------------------------------
Long Beach Medical Center, on April 29, 2014, filed its monthly
operating report for the period from Feb. 19 to March 31, 2014.

The Debtor reported a net loss of $1.04 million on net revenues of
$102,964 for the current reporting period.

The Debtor declared total assets of $33.43 million, total
liabilities of $84.65 million, and a total shareholders' deficit
of -($51.22 million).

The Debtor had $1.81 million cash at the start of the period.  It
recorded $1.50 million in total receipts and $1.04 million in
total disbursements.  At March 31, the Debtor had $2.28 million
cash.

A copy of the monthly operating report is available at:

  http://bankrupt.com/misc/LongBeach Medical_151_mormarch2014.pdf

                  About Long Beach Medical Center

Long Beach Medical Center, formerly Long Beach Memorial Hospital,
was a 162-bed, community-based hospital offering primary, acute,
emergency and long-term health care to residents of Long Beach,
New York.  Founded in 1922, LBMC was a teaching facility for the
New York College of Osteopathic Medicine.  LBMC was shut down
after superstorm Sandy devastated the hospital in October 2012.

Long Beach Memorial Nursing Home Inc, runs the The Komanoff Center
for Geriatric and Rehabilitative Medicine, a 200-bed skilled
nursing facility affiliated with LBMC. It provides services for
residents requiring long term nursing home care and short term
post-acute (sub-acute) care.  Currently there are 127 residents of
Komanoff.

Long Beach Medical Center and Long Beach Memorial Nursing Home
d/b/a The Komanoff Center for Geriatric and Rehabilitative
Medicine, sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y.
Case Nos. 14-70593 and 14-70597) on Feb. 19, 2014.

Long Beach Medical Center scheduled $17,400,606 in total assets
and $84,512,298 in total liabilities.

Garfunkel Wild P.C. serves as the Debtors' counsel. GCG, Inc., is
the Debtors' claims and noticing agent.  The Hon. Alan S. Trust
presides over the cases.

The U.S. Trustee has appointed three members to the official
committee of unsecured creditors.  The panel retained Klestadt &
Winters, LLP, led by Sean C. Southard, Esq., as counsel.

                          *     *     *

In May 2014, Long Beach Medical Center was sold at auction to two
buyers.  South Nassau Communities Hospital originally offered $21
million for both the hospital and the affiliated 200-bed Komanoff
nursing home.  South Nassau won the hospital auction with a bid of
$10.25 million, plus the assumption of $1 million in employee
liabilities.  South Nassau will sell the hospital's equipment and
guarantee Long Beach at least $500,000.  The nursing home went to
several individuals for $15.6 million, plus assumption of employee
liabilities and as much as $1.1 million in known or unknown
health-care program debt.  As a breakup fee, South Nassau receives
$450,000 and repayment of as much as $4.5 million in loans it made
to finance the Chapter 11 case.


LONG BEACH MEDICAL: Net Loss Decreases to $602,883 in April
-----------------------------------------------------------
Long Beach Medical Center, on May 22, 2014, filed a monthly
operating report for the month of April 2014.

The Debtor incurred a $602,883 net loss on $183,468 net revenue
for the month, a slight decrease from the $1.04 million net loss
recorded at March 31.

The Debtor posted $32.43 million in total assets, $84.65 million
in total liabilities, and a -($52.23 million) total shareholders'
deficit.

At April 1, the Debtor had $2.28 million cash.  It listed $6.41
million in total receipts and $683,986 in total disbursements.  At
month end, the Debtor had $8 million cash.

A copy of the monthly operating report is available at:

  http://bankrupt.com/misc/LongBeach Medical_182_morapril2014.pdf

                  About Long Beach Medical Center

Long Beach Medical Center, formerly Long Beach Memorial Hospital,
was a 162-bed, community-based hospital offering primary, acute,
emergency and long-term health care to residents of Long Beach,
New York.  Founded in 1922, LBMC was a teaching facility for the
New York College of Osteopathic Medicine.  LBMC was shut down
after superstorm Sandy devastated the hospital in October 2012.

Long Beach Memorial Nursing Home Inc, runs the The Komanoff Center
for Geriatric and Rehabilitative Medicine, a 200-bed skilled
nursing facility affiliated with LBMC. It provides services for
residents requiring long term nursing home care and short term
post-acute (sub-acute) care.  Currently there are 127 residents of
Komanoff.

Long Beach Medical Center and Long Beach Memorial Nursing Home
d/b/a The Komanoff Center for Geriatric and Rehabilitative
Medicine, sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y.
Case Nos. 14-70593 and 14-70597) on Feb. 19, 2014.

Long Beach Medical Center scheduled $17,400,606 in total assets
and $84,512,298 in total liabilities.

Garfunkel Wild P.C. serves as the Debtors' counsel. GCG, Inc., is
the Debtors' claims and noticing agent.  The Hon. Alan S. Trust
presides over the cases.

The U.S. Trustee has appointed three members to the official
committee of unsecured creditors.  The panel retained Klestadt &
Winters, LLP, led by Sean C. Southard, Esq., as counsel.

                          *     *     *

In May 2014, Long Beach Medical Center was sold at auction to two
buyers.  South Nassau Communities Hospital originally offered $21
million for both the hospital and the affiliated 200-bed Komanoff
nursing home.  South Nassau won the hospital auction with a bid of
$10.25 million, plus the assumption of $1 million in employee
liabilities.  South Nassau will sell the hospital's equipment and
guarantee Long Beach at least $500,000.  The nursing home went to
several individuals for $15.6 million, plus assumption of employee
liabilities and as much as $1.1 million in known or unknown
health-care program debt.  As a breakup fee, South Nassau receives
$450,000 and repayment of as much as $4.5 million in loans it made
to finance the Chapter 11 case.


MERCANTILE BANCORP: Posts $75MM in Total Liabilities in April
-------------------------------------------------------------
Mercantile Bancorp, Inc., on May 22, 2014, filed its monthly
operating report for the month of April 2014.

The Debtor reported a net loss of $151,493 on zero revenue for the
month, an increase from the $99,434 net loss posted in the
previous month.

The Debtor had $5.36 million in total assets, $75.99 million in
total liabilities, and a -($70.63 million) total shareholders'
deficit.

The Debtor started April with $3.19 million cash.  It recorded
total receipts of $5,383 and total disbursements of $156,877.
Professional fees incurred for the month total $122,300.  Thus, at
the end of the month, the Debtor had $3.04 million cash.

A copy of the monthly operating report is available at:

    http://bankrupt.com/misc/MERCANTILEBANCORPapril2014mor.pdf

                     About Mercantile Bancorp

Mercantile Bancorp -- http://www.mercbanx.com/-- is a Quincy,
Illinois-based bank holding company with wholly owned subsidiaries
consisting of one bank in Illinois and one each in Kansas and
Florida, where the Company conducts full-service commercial and
consumer banking business, engages in mortgage banking, trust
services and asset management, and provides other financial
services and products.  The Company also operated Mercantile Bank
branch offices in Missouri and Indiana.

On Aug. 10, 2011, the Illinois Division of Banking released a
Consent Order that Mercantile Bank, the Federal Deposit Insurance
Corporation, and the Division entered into as of July 28, 2011.
Under the Order, Mercantile Bank will cease operating with all
money transmitters and currency businesses providing brokerage,
sale or exchange of non-United States currency for deposit
customers.  Furthermore, Mercantile Bank may not enter into a new
line of business without the prior written consent of the FDIC and
the Division.

Mercantile Bancorp filed a Chapter 11 petition (Bankr. D. Del.
Case No. 13-11634) on June 27, 2013.  The petition shows assets
and debt both exceeding $50 million.  Liabilities include
$61.9 million owing on junior subordinated debentures.  Mercantile
stopped paying interest on the debentures in 2009, since then
running up $14 million in unpaid interest.

Stuart M. Brown, Esq. at DLA Piper LLP (US), in Wilmington,
Delaware; and Richard A. Chesley, Esq., Kimberly D. Newmarch,
Esq., and Aaron M. Paushter, Esq., at DLA Piper LLP (US), in
Chicago, Illinois, are the attorneys for the Debtor.

A three-member official committee of unsecured creditors was
appointed by the U.S. Trustee.

An official committee of trust preferred securities holders was
also appointed by the U.S. Trustee.  The TruPS Committee is
represented by Domenic E. Pacitti, Esq., at Klehr Harrison Harvey
Branzburg LLP, in Wilmington, Delaware; Morton R. Branzburg, Esq.,
at Klehr Harrison Harvey Branzburg LLP, in Philadelphia,
Pennsylvania; David R. Seligman, P.C., Esq., and Jeffrey W.
Gettleman, Esq., at Kirkland & Ellis LLP, in Chicago, Illinois;
and Joseph Serino Jr., P.C., Esq., and John P. Del Monaco, Esq.,
at Kirkland & Ellis LLP, in New York.

The Troubled Company Reporter reported on Oct. 7, 2013, that the
U.S. Bankruptcy Court for the District of Delaware authorized
Mercantile Bancorp, Inc.'s sale of its shares in Mercantile Bank
and the related trademark for Mercantile Bank's "M" Logo.
Mercantile Bancorp entered into a stalking horse purchase
agreement with United Community Bancorp Inc., under which the
Purchaser will pay $22,277,000, less all amounts due and owing by
the Bank to the Federal Deposit Insurance Corporation and all
broker's fees.


METRO FUEL: Posts $75.93 Million in Total Liabilities for April
---------------------------------------------------------------
Metro Fuel Oil Corp., et al., on May 20, 2014, filed their monthly
operating report for the month of April 2014.

The Debtors incurred a $163,994 net loss on zero profit for the
current reporting period, a slight decrease from the net loss of
$201,582 recorded in March.

At April 30, the Debtors posted $17.69 million in total assets,
$75.93 million in total liabilities, and a -($57.70 million) total
shareholders' deficit.

The Debtors had $17.55 million cash to start the month.  They
listed total receipts of $79,118 and total disbursements of
$73,735.  The Debtors also incurred professional fees of $60,000.
Thus, at the end of the month, the Debtors had $17.56 million
cash.

A copy of the monthly operating report is available at:

       http://bankrupt.com/misc/METROFUELOILapril2014mor.pdf

                         About Metro Fuel

Metro Fuel Oil Corp., is a family-owned energy company, founded in
1942, that supplies and delivers bioheat, biodiesel, heating oil,
central air conditioning units, ultra low sulfur diesel fuel,
natural gas and gasoline throughout the New York City metropolitan
area and Long Island.  Owned by the Pullo family, Metro has 55
delivery trucks and a 10 million-gallon fuel terminal in Brooklyn.

Financial problems resulted in part from cost overruns in building
an almost-complete biodiesel plant with capacity of producing 110
million gallons a year.

Based in Brooklyn, New York, Metro Fuel Oil Corp., fka Newtown
Realty Associates, Inc., and several of its affiliates filed for
Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Lead Case No.
12-46913) on Sept. 27, 2012.  Judge Elizabeth S. Stong presides
over the case.  Nicole Greenblatt, Esq., at Kirkland & Ellis LLP,
represents the Debtor.  The Debtor selected Epiq Bankruptcy
Solutions LLC as notice and claims agent.  Th Debtor tapped Carl
Marks Advisory Group LLC as financial advisor and investment
banker, Curtis, Mallet-Prevost, Colt & Mosle LLP as co-counsel, AP
Services, LLC as crisis managers for the Debtors, and David
Johnston as their chief restructuring officer.

The petition showed assets of $65.1 million and debt totaling
$79.3 million.  Liabilities include $58.8 million in secured debt,
with $48.3 million owing to banks and $10.5 million on secured
industrial development bonds.  Metro Terminals Corp., affiliate of
Metro Fuel Oil Corp., disclosed $38,613,483 in assets and
$71,374,410 in liabilities as of the Chapter 11 filing.

The U.S. Trustee appointed a seven-member creditors committee.
Kelley Drye & Warren LLP represents the Committee.  The Committee
tapped FTI Consulting, Inc. as its financial advisor.

On Feb. 15, 2013, the Bankruptcy Court entered an order approving
the sale of substantially all of the assets of the Debtors to
United Refining Energy Corp., for the base purchase price of
$27,000,000, subject to adjustments.


NORTHSTAR AEROSPACE: Declares $100.47MM in Total Assets in April
----------------------------------------------------------------
Northstar Aerospace (USA) Inc., now known as NSA (USA) Liquidating
Corp., et al., on May 20, 2014, filed their monthly operating
report for April 2014.

The Debtors listed a net loss of $340,000 on zero revenue for the
month.

The Debtors declared total assets of $100.47 million, total
liabilities of $81.37 million, and a total shareholders' equity of
$19.11 million.

The Debtors had $281,000 cash at the beginning of the month.  They
reported $200,000 in total operating receipts and $99,000 in total
disbursements.  At April 30, the Debtors had $141,000 cash.

A copy of the monthly operating report is available at:

     http://bankrupt.com/misc/NORTHSTARAEROSPACEapril2014mor.pdf

                     About Northstar Aerospace

Chicago, Illinois-based Northstar Aerospace --
http://www.nsaero.com/-- is an independent manufacturer of flight
critical gears and transmissions.  With operating subsidiaries in
the United States and Canada, Northstar produces helicopter gears
and transmissions, accessory gearbox assemblies, rotorcraft drive
systems and other machined and fabricated parts.  It also provides
maintenance, repair and overhaul of components and transmissions.
Its plants are located in Chicago, Illinois; Phoenix, Arizona and
Milton and Windsor, Ontario.  Northstar employs over 700 people
across its operations.

Northstar Aerospace, along with affiliates, filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 12-11817) in Wilmington,
Delaware, on June 14, 2012, to sell its business to affiliates of
Wynnchurch Capital, Ltd., absent higher and better offers.

The names of the Debtors were changed as contemplated by the
approved sale transaction.

Attorneys at Dentons US LLP and Bayard, P.A. serve as counsel to
the Debtors.  The Debtors have obtained approval to hire Logan
& Co. Inc. as the claims and notice agent.

Certain Canadian affiliates are also seeking protection pursuant
to the Companies' Creditors Arrangement Act, R.S.C.1985, c. C-36,
as amended.

As of March 31, 2012, Northstar disclosed total assets of
$165.1 million and total liabilities of $147.1 million.  About 60%
of the assets and business are with the U.S. Debtors.


PITT PENN: Had $26,280 Cash at Jan. 31
--------------------------------------
Pitt Penn Holding Company, Inc., on April 29, 2014, filed its
monthly operating report for the month of January 2014.

The Debtor reported a net loss of $2,324 on zero revenue for the
month.

The Debtor recorded $7.15 million in total assets, $17.04 million
in total liabilities, and a -($9.89 million) total shareholders'
deficit.

The Debtor started the month with $39,350 cash.  It posted total
receipts of $10,000 and total disbursements of $23,070.
Professional fees incurred for the month amount to $3.81 million.
Thus, at month end, the Debtor had $26,280 cash.

A copy of the monthly operating report is available at:

     http://bankrupt.com/misc/PittPenn_2219_morJanuary2014.pdf

            About Pitt Penn and Industrial Enterprises

Pitt Penn Holding Co., Inc., and Pitt Penn Oil Co., LLC, each
filed voluntary petitions for Chapter 11 relief (Bankr. D. Del.
Case Nos. 09-11475 and 09-11476) on April 30, 2009.  Industrial
Enterprises of America, Inc., f/k/a Advanced Bio/Chem, Inc., filed
for Chapter 11 protection (Bankr. D. Del. Case No. 09-11508) on
May 1, 2009.  EMC Packaging, Inc., filed a voluntary petition for
Chapter 11 relief (Bankr. D. Del. Case No. 09-11524) on May 4,
2009.  Unifide Industries, LLC, and Today's Way Manufacturing LLC,
each filed a voluntary petition for Chapter 11 relief (Bankr. D.
Del. Case Nos. 09-11587 and 09-11586) on May 6, 2009.

PPH, PPO, EMC, Unifide, and Today's Way are each subsidiaries of
IEAM.  The cases are jointly administered under Case No. 09-11475.

Christopher D. Loizides, Esq., at Loizides, P.A., in Wilmington,
Del., represents the Debtors as counsel.  In its petition,
Industrial Enterprises disclosed total assets of $50,476,697 and
total debts of $17,853,997.

Industrial Enterprises originally operated as a holding company
with four wholly owned subsidiaries, PPH, EMC, Unifide, and
Today's Way.  PPH, through its wholly owned subsidiary, PPO, was a
leading manufacturer, marketer and seller of automotive chemicals
and additives.

EMC's original business consisted of converting hydrofluorocarbon
gases R134a and R152a into branded private label refrigerant and
propellant products.  Unifide was a leading marketer and seller of
automotive chemicals and additives.  Today's Way manufactured and
packaged the products which were sold by Unifide.

Norman L. Pernick was appointed as the chapter 11 trustee for the
Debtors.  The trustee tapped Cole, Schotz, Meisel, Forman &
leonard, P.A., as counsel, and CohnReznick LLP as his exclusive
financial advisor.


PITT PENN: Posts $12,732 Net Loss in February
---------------------------------------------
Pitt Penn Holding Company, Inc., on April 29, 2014, filed a
monthly operating report for February 2014.

The Debtor incurred a $12,732 net loss on zero revenue for the
month.

The Debtor listed $7.40 million in total assets, $17.31 million in
total liabilities, and a -($9.90 million) total shareholders'
deficit.

The Debtor began the month with $26,280 cash.  They recorded
$3,960 in total receipts and $12,337 in total disbursements.  At
the end of the month, the Debtor had $17,902 cash.

A copy of the monthly operating report is available at:

    http://bankrupt.com/misc/PittPenn_2225_morFebruary2014.pdf

            About Pitt Penn and Industrial Enterprises

Pitt Penn Holding Co., Inc., and Pitt Penn Oil Co., LLC, each
filed voluntary petitions for Chapter 11 relief (Bankr. D. Del.
Case Nos. 09-11475 and 09-11476) on April 30, 2009.  Industrial
Enterprises of America, Inc., f/k/a Advanced Bio/Chem, Inc., filed
for Chapter 11 protection (Bankr. D. Del. Case No. 09-11508) on
May 1, 2009.  EMC Packaging, Inc., filed a voluntary petition for
Chapter 11 relief (Bankr. D. Del. Case No. 09-11524) on May 4,
2009.  Unifide Industries, LLC, and Today's Way Manufacturing LLC,
each filed a voluntary petition for Chapter 11 relief (Bankr. D.
Del. Case Nos. 09-11587 and 09-11586) on May 6, 2009.

PPH, PPO, EMC, Unifide, and Today's Way are each subsidiaries of
IEAM.  The cases are jointly administered under Case No. 09-11475.

Christopher D. Loizides, Esq., at Loizides, P.A., in Wilmington,
Del., represents the Debtors as counsel.  In its petition,
Industrial Enterprises disclosed total assets of $50,476,697 and
total debts of $17,853,997.

Industrial Enterprises originally operated as a holding company
with four wholly owned subsidiaries, PPH, EMC, Unifide, and
Today's Way.  PPH, through its wholly owned subsidiary, PPO, was a
leading manufacturer, marketer and seller of automotive chemicals
and additives.

EMC's original business consisted of converting hydrofluorocarbon
gases R134a and R152a into branded private label refrigerant and
propellant products.  Unifide was a leading marketer and seller of
automotive chemicals and additives.  Today's Way manufactured and
packaged the products which were sold by Unifide.

Norman L. Pernick was appointed as the chapter 11 trustee for the
Debtors.  The trustee tapped Cole, Schotz, Meisel, Forman &
leonard, P.A., as counsel, and CohnReznick LLP as his exclusive
financial advisor.


PITT PENN: Increases Cash Balance to $65,688 at March 31
--------------------------------------------------------
Pitt Penn Holding Company, Inc., on May 12, 2014, filed its
monthly operating report for March 2014.

The Debtor' statement of operations showed a $12,523 net loss on
zero revenue.

At March 31, the Debtor posted $7.66 million in total assets,
$17.58 million in total liabilities, and a -($9.92 million) total
shareholders' deficit.

The Debtor had $17,902 cash at the beginning of the month.  It
listed total receipts of $65,000 and total disbursements of
$47,514.  The Debtor also spent $34,501 in professional fees.  The
Debtors ended the month with $65,688 cash, an increase from
February's $17,902 ending cash balance.

A copy of the monthly operating report is available at:

      http://bankrupt.com/misc/PittPenn_2255_morMarch2014.pdf

            About Pitt Penn and Industrial Enterprises

Pitt Penn Holding Co., Inc., and Pitt Penn Oil Co., LLC, each
filed voluntary petitions for Chapter 11 relief (Bankr. D. Del.
Case Nos. 09-11475 and 09-11476) on April 30, 2009.  Industrial
Enterprises of America, Inc., f/k/a Advanced Bio/Chem, Inc., filed
for Chapter 11 protection (Bankr. D. Del. Case No. 09-11508) on
May 1, 2009.  EMC Packaging, Inc., filed a voluntary petition for
Chapter 11 relief (Bankr. D. Del. Case No. 09-11524) on May 4,
2009.  Unifide Industries, LLC, and Today's Way Manufacturing LLC,
each filed a voluntary petition for Chapter 11 relief (Bankr. D.
Del. Case Nos. 09-11587 and 09-11586) on May 6, 2009.

PPH, PPO, EMC, Unifide, and Today's Way are each subsidiaries of
IEAM.  The cases are jointly administered under Case No. 09-11475.

Christopher D. Loizides, Esq., at Loizides, P.A., in Wilmington,
Del., represents the Debtors as counsel.  In its petition,
Industrial Enterprises disclosed total assets of $50,476,697 and
total debts of $17,853,997.

Industrial Enterprises originally operated as a holding company
with four wholly owned subsidiaries, PPH, EMC, Unifide, and
Today's Way.  PPH, through its wholly owned subsidiary, PPO, was a
leading manufacturer, marketer and seller of automotive chemicals
and additives.

EMC's original business consisted of converting hydrofluorocarbon
gases R134a and R152a into branded private label refrigerant and
propellant products.  Unifide was a leading marketer and seller of
automotive chemicals and additives.  Today's Way manufactured and
packaged the products which were sold by Unifide.

Norman L. Pernick was appointed as the chapter 11 trustee for the
Debtors.  The trustee tapped Cole, Schotz, Meisel, Forman &
leonard, P.A., as counsel, and CohnReznick LLP as his exclusive
financial advisor.


SAVIENT PHARMACEUTICALS: Records $62,592 Net Profit in April
------------------------------------------------------------
Savient Pharmaceuticals, Inc., et al., filed a monthly operating
report with the U.S. Securities and Exchange Commission for April
2014.

The Debtors recorded a net profit of $62,592 on net revenue of
$9,428 for the month.

At April 30, the Debtors reported total assets of $162.17 million,
total liabilities of $285.68 million, and a total shareholders'
deficit of -($123.51 million).

The Debtors had $11.03 million at the beginning of the month.
They listed total receipts of $1.35 million and total
disbursements of $4.98 million for the month.  Professional fees
account a big chunk of the month's disbursements, aggregating to
$4.64 million.  Thus, at month end, the Debtors had $7.40 million
cash.

A copy of the monthly operating report is available at the SEC at:

                        http://is.gd/f24YPH

                   About Savient Pharmaceuticals

Headquartered in Bridgewater, New Jersey, Savient Pharmaceuticals,
Inc. -- http://www.savient.com/-- is a specialty
biopharmaceutical company focused on developing and
commercializing KRYSTEXXA(R) (pegloticase) for the treatment of
chronic gout in adult patients refractory to conventional therapy.
Savient has exclusively licensed worldwide rights to the
technology related to KRYSTEXXA and its uses from Duke University
and Mountain View Pharmaceuticals, Inc.

The Company and its affiliate, Savient Pharma Holdings, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Del. Case No. 13-12680) on Oct. 14, 2013.  In its schedules,
Savient Pharmaceuticals listed $43,065,650 in total assets and
$284,078,461 in total liabilities.

The Debtors are represented by Kenneth S. Ziman, Esq., and David
M. Turetsky, Esq., at Skadden Arps Slate Meagher & Flom LLP, in
New York; and Anthony W. Clark, Esq., at Skadden Arps Slate
Meagher & Flom LLP, in Wilmington, Delaware.  Cole, Schotz,
Meisel, Forman & Leonard P.A., also serves as the Company's
conflicts counsel, and Lazard Freres & Co. LLC serves as its
financial advisor.  GCG Inc. serves as the Debtors' claims agent.
Kramer Levin Naftalis & Frankel LLP is the Debtors' special
intellectual property counsel.

U.S. Bank National Association, as Indenture Trustee and
Collateral Agent, is represented by Clark T. Whitmore, Esq., at
Maslon Edelman Borman & Brand, LLP, in Minneapolis, Minnesota.

The Unofficial Committee of Senior Secured Noteholders is
represented by Andrew N. Rosenberg, Esq., Elizabeth McColm, Esq.,
and Jacob A. Adlerstein, Esq., at Paul, Weiss, Rifkind, Wharton &
Garrison LLP, in New York; and Pauline K. Morgan, Esq., at Young,
Conaway, Stargatt & Taylor LLP, in Wilmington, Delaware.

The Troubled Company Reporter reported on Jan. 15, 2014, that
Savient Pharmaceuticals has completed the sale of substantially
all of its assets, including all KRYSTEXXA assets, to Crealta
Pharmaceuticals for gross proceeds of approximately $120.4
million.

Savient Pharmaceuticals has filed with the Bankruptcy Court a plan
of liquidation following the sale to Crealta.  The Plan impairs
senior secured noteholder claims and general unsecured claims.
The Plan also impairs intercompany claims, subordinated 510(c)
claims and subordinated 510(b) claims, although holders of these
claims are not entitled to vote on the Plan.


                             *********

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
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equity securities trade in public market are determined by more
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On Thursdays, the TCR delivers a list of recently filed
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liabilities delivered to the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
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Each Friday's edition of the TCR includes a review about a book of
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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
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