TCR_Public/140611.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Wednesday, June 11, 2014, Vol. 18, No. 160

                            Headlines

1ST MARINER: FDIC, Maryland Commissioner Okay RKJS Bank Merger
AC I MANAHAWKIN: Section 341(a) Meeting Scheduled for July 9
ADVANCED MICRO DEVICES: $490MM Expected from Sale of Sr. Notes
AEMETIS INC: Approved for NASDAQ Listing
AMERICAN INTERNATIONAL: Names Peter D. Hancock New CEO

AMERICAN MEDIA: Wholesaler to Cease Distribution of Publications
ANACOR PHARMACEUTICALS: Appoints Keith Leonard to Board
ARISTA POWER: Acting Chief Financial Officer Named
ARISTA POWER: Two Directors Elected at Annual Meeting
AUXILIUM PHARMACEUTICALS: Chief Financial Officer to Quit

BANCO CRUZEIRO: Brazilian Bank's Liquidator Seeks U.S. Recognition
BANK OF THE CAROLINAS: Amends Articles of Incorporation
BELLINGHAM INSURANCE: High Court Rules on Bankr. Court's Powers
BELLINGHAM INSURANCE: High Court Rules on Bankr. Court's Powers
BIG M: Court Approves Settlement with Westport Insurance

BIG M: Court Approves Settlement with Counsel Rona Korman
BIOLIFE SOLUTIONS: Michael Rice Lowers Equity Stake to 4.1%
BROADWAY FINANCIAL: Moss Adams Replaces Crowe Horwath as Auditor
BROWNSVILLE MD: Hearing to Consider Cash Collateral Use June 13
BUCCANEER ENERGY: Has Interim Authority to Use Cash Collateral

BUCCANEER ENERGY: Seeks to Employ Fulbright & Jaworski as Counsel
BUCCANEER ENERGY: Seek Extension of Schedules Filing Deadline
BUCCANEER ENERGY: Amends List of Largest Unsecured Creditors
BUDD COMPANY: Court Approves Crane Heyman as Counsel for UAW
CALDERA PHARMACEUTICALS: Incurs $5.8 Million Net Loss in 2013

CASCADE AG: Creditor Seeks Discharge of Liquidating Agent
CASH STORE: Cease Trade Order Issued Over Non-Filing of Reports
CHESAPEAKE OILFIELD: Moody's Rates $500MM Senior Notes 'B2'
CHESAPEAKE OILFIELD: S&P Assigns 'B' Rating to $500MM Sr. Notes
CHEYENNE HOTELS: Hearing Today to Confirm Chapter 11 Plan

CHEYENNE HOTELS: HLT Objects to Plan Confirmation
CLAIRE'S STORES: North America President Quits
COLDWATER CREEK: Sycamore Partners Acquires Intellectual Property
COLORADO EDUCATIONAL: Moody's Affirms Ba2 Rating; Outlook Neg.
CONSULT CARE: Voluntary Chapter 11 Case Summary

CUBIC ENERGY: Six Directors Elected at Annual Meeting
DARA PETROLEUM: Case Summary & 3 Largest Unsecured Creditors
DEE ALLEN: Court Okays Settlement with Investors in Ponzi Scheme
DELTEK INC: Moody's Raises Corporate Family Rating to 'B2'
DETROIT, MI: 27-Day Trial on Debt Plan to Begin Aug. 14

DETROIT, MI: 27-Day Trial on Debt Plan to Begin Aug. 14
DIGERATI TECHNOLOGIES: Wants Plan Denial Opinion Amended
DOLAN CO: Bankruptcy Court Confirms Prepackaged Chapter 11 Plan
E H MITCHELL: Fights Reginald J. Laurent's Motion to Dismiss Case
EDENOR SA: Ordered to Increase Employees' Salaries by 10-15%

EDURO NETWORKS: Case Summary & 20 Largest Unsecured Creditors
EMANUEL COHEN: Wants Joint Administration with 2 Companies
EMANUEL COHEN: Proposes Rappaport Osborne as Counsel
EMPIRE RESORTS: Inks Settlement Agreement with Bryanston Group
ENERGY FUTURE: Court Approves First Lien Notes Settlement, DIP

ENERGY FUTURE: Amends Certain Terms of 2nd Lien Notes Settlement
ENERGY FUTURE: Hires PwC as Information Security & Tax Consultant
ENERGY FUTURE: Wants Ernst & Young as Tax Advisory Provider
ENERGY FUTURE: Moody's Assigns Ba3 Rating on $5.4BB DIP Term Loan
ENERGY FUTURE: S&P Assigns 'BB' Rating to $5.4BB DIP Facility

ENERGY SERVICES: Obtains $5 Million Revolving Line of Credit
EXECUTIVE CAREER: Case Summary & 4 Largest Unsecured Creditors
FIRST MARINER: Regulators Approval $18.7MM Sale to RKJS Bank
FISKER AUTOMOTIVE: Court to Rule on Dissolution of German Unit
FORCE FUELS: Acquires All Capital Stock of Cafe Serendipity

FREDERICK'S OF HOLLYWOOD: Suspending Filing of Reports with SEC
FTE NETWORKS: David Lethem Named Chief Financial Officer
FUSION TELECOMMUNICATIONS: Appoints EVP and General Counsel
GENCO SHIPPING: Plan Confirmation Deadline Moved to June 27
GENCO SHIPPING: Common stock Delisted From NYSE

GENERAL MOTORS: To Begin Accepting Victims' Claims Aug. 1
GENERAL MOTORS: To Begin Accepting Victims' Claims Aug. 1
GENIUS BRANDS: Issues Letter to Shareholders
GIBSON ENERGY: Moody's Assigns Ba3 Rating on $350MM Senior Notes
GLOBALSTAR INC: Files Conflict Minerals Report

GREEN EARTH: Signs Exclusive IP License & Distribution Agreement
GSE ENVIRONMENTAL: To Pay Critical Vendors Up to $4.1 Million
HEALOGICS INC: S&P Affirms 'B' CCR & Removes From CreditWatch Neg.
HILLSHIRE BRANDS: Fitch Retains 'B' Ratings Over Tyson Foods Offer
HOLLY HILL COMMUNITY CHURCH: Files for Chapter 11 in Los Angeles

HYDROCARB ENERGY: Amends Current Report to Add Exhibits
ISC8 INC: Incurs $4.6 Million Net Loss in Second Quarter
ISTAR FINANCIAL: S&P Assigns 'B+' Rating to 3 & 5-Yr. Unsec. Notes
KEMET CORP: Files Conflict Minerals Report with SEC
LEVEL 3: Consulting Agreement with Thomas Stortz Reinstated

LOUISIANA RIVERBOAT: Plan Effective Date Occurred on April 30
MILESTONE SCIENTIFIC: Five Directors Re-elected to Board
MONTREAL MAINE: Court Sets June 30 as Plan Moratorium Period
MONTREAL MAINE: Granted More Time to Decide on Unexpired Leases
MONTREAL MAINE: Trustee Loses Bid to Strike Tax Credit Findings

MONROVIA MYRTLE: Case Summary & 6 Largest Unsecured Creditors
MORNINGSTAR MARKETPLACE: Court Okays Francis Musso as Accountant
MORNINGSTAR MARKETPLACE: Court Approves KW Commercial as Broker
N-VIRO INTERNATIONAL: Incurs $1.6 Million Net Loss in 2013
NEWLEAD HOLDINGS: MGP Seeks Additional 5.2MM Settlement Shares

NGL ENERGY: Fitch's 'BB' IDR Not Affected by Pending $200MM Buyout
NII HOLDINGS: Fails to Satisfy a NASDAQ Listing Rule
NORTHERN BEEF: Hires Karl Wagner as Chief Financial Officer
OVERSEAS SHIPHOLDING: VP Flinter Reports Equity Stake
OVERSEAS SHIPHOLDING: Luxor Capital et al. Disclose Equity Stake

OVERSEAS SHIPHOLDING: Caxton Has 6.52% Stake, Inks Equity Deal
P.F. CHANG'S: Investigating Possible Data Breach
PACIFIC THOMAS: Bank of New York Mellon Wants Relief From Stay
PACIFIC THOMAS: Post-Petition Financing Hearing Set for Aug. 7
PACIFIC THOMAS: PMF Granted Relief From Automatic Stay

PANACHE BEVERAGE: Amends 2013 Annual Report
PETTERS COMPANY: Trustee to Recover Laundered Funds Abroad
P.F. CHANG'S: Investigating Possible Data Breach
POSITIVEID CORP: Expects $4-10MM of Revenue Over Next 18 Months
PROGRESSIVE SOLUTIONS: S&P Affirms 'B' CCR; Outlook Stable

PULSE ELECTRONICS: Files Conflict Minerals Report
RADIOSHACK CORP: Draws on Credit Line as Losses Deepen
RADIOSHACK CORP: Draws on Credit Line as Losses Deepen
SANUWAVE HEALTH: David Nemelka Reports 9.9% Equity Stake
SCOTTSDALE VENETIAN: Court Okays Hiring of Appraisal Technology

SIMPLEXITY LLC: Court Okays Gavin/Solmonese as Panel Advisor
SOURCE INTERLINK: Begins Winddown of Operations
SOURCE INTERLINK: Begins Winddown of Operations
SOUTHERN STUCCO: Case Summary & 20 Largest Unsecured Creditors
SPARKS TOURISM: Moody's Hikes Sales Tax Revenue Bonds to 'B1'

SPIRE CORP: Files Conflict Minerals Report with SEC
STELLAR BIOTECHNOLOGIES: Appoints 2 Members to Scientific Board
STERLING BLUFF: Austin Carter Withdraws as Counsel
STERLING BLUFF: Can Access $250,000 Financing from SBI
STERLING BLUFF: Wants Plan Filing Deadline Extended to Oct. 1

TLFO LLC: Asks Court to Approve Triax Data Settlement
TRANS-LUX CORP: Units Buy All Assets of ACES and Ecostar
TRIPLE A&R CAPITAL: Case Summary & 10 Largest Unsecured Creditors
TRITON CONTAINER: S&P Retains 'BB+' Corporate Credit Rating
ULTIPRF LLC: Case Summary & 5 Largest Unsecured Creditors

UNION HOSPITAL: Chapter 9 Case Summary & 20 Top Unsec. Creditors
UNIVITA HEALTH: S&P Withdraws 'B-' Corp. Credit Rating
US XPRESS: S&P Affirms 'B-' CCR & Removes From CreditWatch Neg.
VAIL RESORTS: Sr. Notes Redemption No Impact on Moody's Ba2 CFR
VERDESIAN LIFE: Moody's Assigns 'B3' Corporate Family Rating

VERDESIAN LIFE: S&P Assigns 'B+' CCR; Outlook Stable
VERIS GOLD: Supreme Court Grants Creditor Protection Application
VERITEQ CORP: Issued $300,000 Convertible Notes
WESTMORELAND COAL: $1 Million Notes Validly Tendered
WILLIAM GREGG: Preservation Group Buys Lodge for $550,000

WPCS INTERNATIONAL: Amends Asset Purchase Pact with EC Company
YMCA OF MILWAUKEE: Section 341(a) Meeting Set on July 8

* Use of Fairness Opinions at Plan of Arrangement Hearings Upheld

* Covington's Coffino Shortlisted for Euromoney Best in Insolvency
* ADGS Intends to Acquire Hong Kong Based Accounting Advisory Firm

* Andrews Joins Houlihan as Financial Advisory Services Director
* James Nugent Joins Huron Consulting's Business Advisory Practice

* Hangley Aronchick Partner Nominated as Next Bankr. Judge


                             *********


1ST MARINER: FDIC, Maryland Commissioner Okay RKJS Bank Merger
--------------------------------------------------------------
1st Mariner Bank and RKJS Bank on June 9 disclosed that the
Federal Deposit Insurance Corporation and the Maryland State
Banking Commissioner approved the merger agreement between 1st
Mariner Bank and investor group RKJS Bank.

The investor group has strong ties to Baltimore and is led by
Robert D. Kunisch Jr., who will serve as president and chief
operating officer of 1st Mariner Bank, and Jack E. Steil, who will
serve as chairman and chief executive officer.

Approval by the regulatory agencies was needed to complete the
transaction, which is expected to close in the month of June.

Members of the investment group include Priam Capital, Patriot
Financial Partners, GCP Capital Partners, TFO Financial
Institutions Restructuring Fund LLC and several prominent members
of the Baltimore business community.

The investment group was the successful bidder for the bank in a
court-supervised proceeding conducted in April in the U.S.
Bankruptcy Court for the District of Maryland under Chapter 11 of
the U.S. Bankruptcy Code.

The sale of the equity interest in 1st Mariner Bank will result in
the immediate contribution of approximately $100 million in
additional capital, recapitalizing the bank in accordance with all
state and federal regulatory requirements, significantly improving
the strength of its balance sheet, and advancing its business plan
to become one of the region's leading financial institutions.

The acquisition of the equity interest in 1st Mariner Bank will be
accomplished by the merger of the RKJS Bank with and into 1st
Mariner Bank, with 1st Mariner Bank as the surviving entity.

"We have accomplished the first part of our plan, which was to
preserve a strong local bank for Baltimore and Maryland, and we
now look forward to tackling the second part of the plan, which is
growing this bank into a powerful financial partner for customers
and business clients," said Mr. Steil.

"Baltimore and the region offers strong opportunities for growth,"
added Mr. Kunisch.  "I look forward to growing a successful
hometown bank in the community where I grew up."

Mr. Steil was most recently president of Wilmington Trust Mid-
Atlantic Region, and Mr. Kunisch was president of Wilmington Trust
FSB, Maryland.  Both spent the majority of their careers at the
former Mercantile Bank, focusing predominantly on the Maryland
market.

                     About 1st Mariner Bank

1st Mariner Bank -- http://www.1stMarinerBank.com-- is the
largest, independently owned bank in Baltimore City.  It operates
16 full service bank branches in Baltimore, Anne Arundel, Harford,
Howard and Carroll counties in Maryland, and the City of
Baltimore.  1st Mariner Mortgage, a division of 1st Mariner Bank,
operates retail offices in Central Maryland, the Eastern Shore of
Maryland, and portions of Northern Virginia.  1st Mariner Mortgage
also operates direct marketing mortgage operations in Baltimore.

                    About First Mariner Bancorp

First Mariner Bancorp, the holding company for Maryland community
bank 1st Mariner, filed for Chapter 11 bankruptcy on Feb. 10,
2014, in order to sell its bank subsidiary, 1st Mariner Bank, to a
new bank formed by investors.  The case is In re First Mariner
Bancorp, Case No. 14-11952 (D. Md.) before Judge David E. Rice.

The Debtor's bankruptcy counsel is Kramer Levin Naftalis & Frankel
LLP.  The Debtor's local counsel is Lawrence Joseph Yumkas, Esq.,
at Yumkas, Vidmar & Sweeney, LLC, in Annapolis, Maryland.  The
Debtor's regulatory and corporate counsel if Kilpatrick Townsend &
Stockton LLP.  The Debtor's investment banker and financial
adviser is Sandler O'Neill + Partners, L.P.

The Debtor has total assets of $5.45 million and total debts of
$60.52 million.


AC I MANAHAWKIN: Section 341(a) Meeting Scheduled for July 9
------------------------------------------------------------
A meeting of creditors in the bankruptcy case of AC I Inv
Manahawkin LLC will be held on July 9, 2014, 1:30 p.m. at Room
243A, White Plains Courthouse.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Another meeting of creditors in the bankruptcy cases of AC I
Manahawkin Mezz LLC and AC I Manahawkin LLC is scheduled on
June 9, at 2:00 p.m. at the same venue.

AC I Inv Manahawkin LLC, AC I Manahawkin Mezz LLC and AC I
Manahawkin LLC filed separate Chapter 11 bankruptcy petitions
(Bankr. S.D.N.Y. Case Nos. 14-22791, 14-22792 and  14-22793) on
June 4, 2014.  The petitions were signed by David Goldwasser, GC
Realty Advisors LLC, managing member.  The Debtors estimated
assets of $50 million to $100 million and debts of $0 to $50
million.  Robinson Brog Leinwand Greene Genovese & Gluck, P.C., as
the Debtors' counsel.  Judge Robert D. Drain presides over the
cases.


ADVANCED MICRO DEVICES: $490MM Expected from Sale of Sr. Notes
--------------------------------------------------------------
Advanced Micro Devices, Inc., has agreed to sell $500 million
aggregate principal amount of its 7.00 percent Senior Notes due
2024 in a private offering.  AMD intends to close the transaction
on or around June 16, 2014.  AMD estimates that the net proceeds
from the issuance and sale of the senior notes will be
approximately $490 million after deducting the initial purchasers'
discounts and estimated offering expenses.  AMD intends to use the
Net Proceeds to fund the purchase of all 8.125 percent Senior
Notes due 2017 that are early tendered in accordance with the
terms of a tender offer.

To the extent AMD still has 8.125 percent Notes outstanding
following settlement of the Early Tender, prior to or following
the expiration of the 8.125 percent Tender Offer, AMD intends to
use the remaining Net Proceeds to redeem any and all remaining
outstanding 8.125 percent Notes.  AMD will use the remaining Net
Proceeds after the completion of the 8.125 percent Tender Offer
and any redemption of 8.125% Notes to redeem, repurchase or
otherwise retire other outstanding indebtedness.

The new senior notes have not been registered under the Securities
Act of 1933, as amended, or applicable state securities laws, and
will be offered only to qualified institutional buyers in reliance
on Rule 144A and in offshore transactions pursuant to Regulation S
under the Securities Act.  Unless so registered, the new senior
notes may not be offered or sold in the United States except
pursuant to an exemption from the registration requirements of the
Securities Act and applicable state securities laws.

                   About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

Advanced Micro incurred a net loss of $83 million on $5.29 billion
of net revenue for the year ended Dec. 28, 2013, as compared with
a net loss of $1.18 billion on $5.42 billion of net revenue for
the year ended Dec. 29, 2012.

The Company's balance sheet at Dec. 28, 2013, showed $4.33 billion
in total assets, $3.79 billion in total liabilities and $544
million in total stockholders' equity.

                          *     *     *

In August 2013, Standard & Poor's Ratings Services revised its
outlook on Advanced Micro to negative from stable.  At the same
time, S&P affirmed its 'B' corporate credit and senior unsecured
debt ratings on AMD.

As reported by the TCR on June 5, 2014, Fitch Ratings has upgraded
the long-term Issuer Default Rating (IDR) for Advanced Micro
Devices Inc. (NYSE: AMD) to 'B-' from 'CCC'.  The upgrade
primarily reflects AMD's improved financial flexibility from
recent refinancing activity, which extends meaningful debt
maturities until 2019.

In the Feb. 4, 2013, edition of the TCR, Moody's Investors Service
lowered Advanced Micro Devices' corporate family rating to B2 from
B1.  The downgrade of the corporate family rating to B2 reflects
AMD's prospects for weaker operating performance and liquidity
profile over the next year as the company commences on a multi-
quarter strategic reorientation of its business in the face of a
challenging macro environment and a weak PC market.


AEMETIS INC: Approved for NASDAQ Listing
----------------------------------------
Aemetis, Inc.'s common stock began trading on Friday, June 6,
2014, on The NASDAQ Stock Market LLC under the "AMTXD" ticker
symbol.  After the company completes its market transition period
on June 10, 2014, the NASDAQ ticker symbol will be "AMTX".

The company also held an investor and analyst business update call
on Thursday, June 5, 2014.

"We are pleased to announce the listing of our shares on NASDAQ,
and consider this listing an important milestone for the company,"
said Eric McAfee, Chairman and CEO of Aemetis.  "We believe that
the NASDAQ listing will help Aemetis attract a broader shareholder
base and provide our shareholders a more liquid and efficient
market," added McAfee.  "We also look forward to providing
investors and analysts with a business update during our call on
Thursday."

A description of the Company's securities is available at:

                         http://is.gd/VlYm8e

                            About Aemetis

Cupertino, Calif.-based Aemetis, Inc., is an international
renewable fuels and specialty chemical company focused on the
production of advanced fuels and chemicals and the acquisition,
development and commercialization of innovative technologies that
replace traditional petroleum-based products and convert first-
generation ethanol and biodiesel plants into advanced
biorefineries.

Aemetis reported a net loss of $24.43 million on $177.51 million
of revenues for the year ended Dec. 31, 2013, as compared with a
net loss of $4.28 million on $189.04 million of revenues in 2012.
As of March 31, 2014, the Company had $99.37 million in total
assets, $103.60 million in total liabilities and a $4.22 million
total stockholders' deficit.

                         Bankruptcy Warning

"The adoptions of new technologies at our ethanol and biodiesel
plants, along with working capital, are financed in part through
debt facilities.  We may need to seek additional financing to
continue or grow our operations.  However, generally unfavorable
credit market conditions may make it difficult to obtain necessary
capital or additional debt financing on commercially viable terms
or at all.  If we are unable to pay our debt we may be forced to
delay or cancel capital expenditures, sell assets, restructure our
indebtedness, seek additional financing, or file for bankruptcy
protection," the Company said in the Annual Report for the year
ended Dec. 31, 2013.


AMERICAN INTERNATIONAL: Names Peter D. Hancock New CEO
------------------------------------------------------
Leslie Scism and Joann S. Lublin, writing for The Wall Street
Journal, reported that American International Group Inc. named
longtime banker Peter D. Hancock to succeed Robert Benmosche as
head of the giant insurer whose woes nearly took down the
financial system in 2008.

According to the report, Mr. Hancock, 55 years old, will take the
helm of AIG on Sept. 1, leading a revitalized company coming off
almost five years of triage and restructuring under Mr. Benmosche.

Mr. Hancock, head of AIG's property/casualty division since 2011,
was seen as a front-runner for the top job, but the move came
sooner than many had expected, the Journal said.  Mr. Benmosche,
who just turned 70, previously had said he was interested in
staying through the first couple of months of 2015, the Journal
added.  Mr. Benmosche is being treated for cancer, but the company
said he is as active as ever, the Journal related.

                           About AIG

With corporate headquarters in New York, American International
Group, Inc., is an international insurance company, serving
customers in more than 130 countries.  AIG companies serve
commercial, institutional and individual customers through
property-casualty networks of any insurer. In addition, AIG
companies are providers of life insurance and retirement services.

At the height of the 2008 financial crisis, AIG experienced a
liquidity crunch when its credit ratings were downgraded below
"AA" levels by Standard & Poor's, Moody's Investors Service and
Fitch Ratings.  AIG almost collapsed under the weight of bad bets
it made insuring mortgage-backed securities.  The Company,
however, was bailed out by the Federal Reserve, but even after an
initial infusion of $85 billion, losses continued to grow.  The
later rescue packages brought the total to $182 billion, making it
the biggest federal bailout in U.S. history.  AIG sold off a
number of its businesses and other assets to pay down loans
received from the U.S. government.


AMERICAN MEDIA: Wholesaler to Cease Distribution of Publications
----------------------------------------------------------------
American Media, Inc., on May 28, 2014, received written
notification from the Company's national distributor for its
publications in the U.S. and Canada that the Distributor will
cease shipping the Company's publications to the Company's second
largest wholesaler due to non-payment for the Company's
publications.

On behalf of the Company, the Distributor utilizes wholesalers to
sell the Company's publications to retailers for ultimate sale to
consumers.  In the May 28, 2014, correspondence from the
Distributor, the Distributor also stated that it will advise the
Company once the Distributor has arranged for replacement
wholesalers to distribute the Company's publications to the
retailers which were previously serviced by the Wholesaler.

On May 30, 2014, the Wholesaler issued a press release announcing
that it was ceasing substantially all distribution operations in
the near term.

The Company's net sales to the Wholesaler during the fiscal year
ended March 31, 2014, were approximately 14 percent of the
Company's total operating revenues for that fiscal year.  Subject
to the terms of the agreement between the Distributor and the
Company, the Company's exposure for bad debt related to the
Wholesaler is currently expected to be approximately $5 million to
$7 million.

The Distributor is working with replacement wholesalers to
transition the distribution of the Company's publications
previously handled by the Wholesaler.  The Company estimates that
it will take approximately six to twelve weeks for the transition
to be completed.  The Company estimates that its revenues could be
reduced by approximately $5 million to $10 million during the
transition period, depending on the length of time required to
complete the transition to the replacement wholesalers.  In
addition, after completing the transition, the Company's revenues
could be temporarily or permanently reduced if consumers at the
impacted retailers do not resume purchasing the Company's
publications at the same rate or quantities previously purchased.

                       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 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.

                           *     *     *

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.


ANACOR PHARMACEUTICALS: Appoints Keith Leonard to Board
-------------------------------------------------------
Anacor Pharmaceuticals, Inc.'s Board of Directors has unanimously
appointed Keith R. Leonard, Jr. to serve as a Class I director
until the Company's 2017 annual meeting of shareholders.

Mr. Leonard has more than 20 years of experience in the
pharmaceutical industry and is the president, chief executive
officer and a member of the board of directors of Kythera
Biopharmaceuticals, Inc., a biopharmaceutical company that he co-
founded focused on discovering, developing and commercializing
drugs for the aesthetic medicine market.  From 1991 to 2004, Mr.
Leonard held various positions at Amgen Inc., most recently as
senior vice president and general manager of Amgen Europe where he
was responsible for all commercial operations in 28 European
countries.

"On behalf of the Board, I'm very pleased to welcome Keith as a
new independent director of Anacor.  We believe that Keith's broad
pharmaceutical experience and significant expertise in global
product development, commercial execution and strategic planning
will prove very valuable," said Paul Berns, the Company's
president and chief executive officer.  "We look forward to
working with Keith and benefiting from his experience and
judgment."

"I am very pleased to become a member of the Anacor board," said
Keith Leonard.  "Anacor has two very interesting investigational
product candidates, AN2728 and Kerydin, and I welcome the
opportunity to work with Paul and the Board at what is an exciting
time for the Company."

In addition, the Company's Board has appointed William J. Rieflin
to be its first independent lead director.  Mr. Rieflin has served
as a member of the Board since March of 2011, and currently serves
as chairman of the Company's Audit Committee and as a member of
the Compensation Committee.  Paul Berns, the Company's chief
executive officer, will continue to serve as Chairman of the
Board.

"We are excited to announce Keith's appointment to the Board, as
well as Bill's acceptance of his new role," said Paul
Klingenstein, Chairman of the Company's Nominating and Governance
Committee.  "Keith possesses exactly the type of experience,
judgment and integrity that we look for when considering new
additions to our Board.  In addition, we believe Bill is well
suited for this important corporate governance role."

On May 29, 2014, the Board adopted an Independent Director
Compensation Policy.  Pursuant to the Policy, Mr. Leonard will
receive a $40,000 annual cash retainer.  On May 29, 2014, the
Board also granted Mr. Leonard an initial option to purchase
27,000 shares of the Company's common stock under the Company's
2010 Equity Incentive Plan with an exercise price equal to $14.22,
the per share closing price of the Common Stock on the NASDAQ
Global Market on the date of grant.

                         Meeting Results

At the Company's 2014 annual meeting of stockholders held on
May 29, 2014, the stockholders:

   (a) elected Anders D. Hove, M.D., as director to hold office
       until the Company's 2017 annual meeting of stockholders;

   (b) approved, on an advisory basis, the 2013 compensation of
       the Company's named executive officers; and

   (c) ratified the selection by the Audit Committee of the Board
       of Ernst & Young LLP as the independent registered public
       accounting firm of the Company for its year ending Dec. 31,
       2014.

The term of office of directors Paul H. Klingenstein, Mark Leschly
and William J. Rieflin continues until the Company's 2015 annual
meeting of stockholders.  The term of office of directors Paul L.
Berns and Lucy Shapiro, Ph.D., continues until the Company's 2016
annual meeting of stockholders.

Additional information is available for free at:

                         http://is.gd/JIyBxK

                    About Anacor Pharmaceuticals

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

Anacor reported net income of $84.76 million in 2013, a net loss
of $56.08 million in 2012 and a net loss of $47.94 million in
2011.  As of March 31, 2014, the Company had $156.92 million in
total assets, $46.27 million in total liabilities, $4.95 million
in redeemable common stock and $105.69 million in total
stockholders' equity.


ARISTA POWER: Acting Chief Financial Officer Named
--------------------------------------------------
Molly Hedges submitted her resignation as the chief financial
officer and treasurer of Arista Power, Inc., effective June 13,
2014.

On June 6, 2014, the Board of Directors of Arista Power named
Stephen Brown as the acting chief financial officer and Treasurer
of Arista Power, effective June 16, 2014.  Upon joining the
Company, Mr. Brown will be the Company's principal financial
officer and principal accounting officer.  Mr. Brown, age 58, will
report to Arista Power's chief operating officer, Adeeb Saba.

There is no arrangement or understanding between Mr. Brown and any
other person, pursuant to which Mr. Brown is to be selected as an
officer of the Company that would require disclosure under Item
401(b) of Regulation S-K.  Additionally, there is no familial
relationship between Mr. Brown and any other person that would
require disclosure under Item 401(d) of Regulation S-K.

Steve Brown served as several executive positions including as
chief financial officer for IDT Corporation (NYSE: IDT) from April
1995 to January 2009 in which he oversaw the financial end of
taking the start-up telecommunications company public and guided
it through the spin-offs of two subsidiaries, various public
offerings and bank facilities.  During his tenure at IDT, Mr.
Brown also served on IDT's Board of Directors for six years, and
on the Board of Net2Phone Inc. (NASDAQ:  NTOP) for five years.
Mr. Brown was also the founder and chairman of IDT Entertainment
Inc., a movie studio and media subsidiary that IDT sold for a
profit in excess of $225 million.  From 2009 to present, Steve is
a managing partner of The Mcguffin Group Financial, a financial
consulting firm concentrating on advising early stage companies.
Clients served include Cardis Enterprises International,
Hyperactive, Xsovt Brands Inc. and NJR Medical Inc. Steve also is
a partner in an accounting and tax practice, Brown, Brown and
Associates.  Steve is a licensed certified public accountant and a
member of the Academy of Television Arts and Sciences and serves
on the Board of Directors for several educational institutions
including serving on the Board of Governors for Touro College.
Mr. Brown received a B.A. degree in Economics from Yeshiva
University and a B.B.A. degree in Business and Accounting from
Baruch College.

With the exception of the Arista Power 2008 Equity Incentive Plan,
as amended and restated, and the below-described grant of
restricted common stock and stock options to purchase common stock
of Arista Power, there is no material plan, contract or
arrangement to which Mr. Brown is a party, or in which he
participates, nor has there been any material amendment to any
plan, contract or arrangement, by virtue of his appointment as
acting chief financial officer and treasurer.

Mr. Brown will be paid an annual salary of $78,000 per year.  On
his start date of June 16, 2014, Mr. Brown will be awarded
pursuant to the terms and conditions of the 2008 Plan: (1) 50,000
shares of the Company's restricted common stock with 10,000 of
such restricted shares vesting immediately and 40,000 of such
restricted shares vesting in six months; and (2) 350,000 stock
options with 50,000 of such options vesting immediately, 50,000 of
such stock options vesting every six months after the Mr. Brown?s
start date for the next 24 months, 25,000 of such options vesting
30 months after Mr. Brown's start date and 75,000 of those options
vesting if Mr. Brown is named Chief Financial Officer of the
Company.  All of the shares of restricted stock and stock options
will vest in full upon any of the following:  (a) the Company
consummating fundraising in an amount of no less than $3,000,000;
(b) the Company entering into a line of credit to finance its
system in an amount of no less than $3,000,000; and (c) the
investment by a strategic investor in an amount of no less than
$1,000,000.

                          About Arista Power

Rochester, N.Y.-based Arista Power, Inc., is a developer,
manufacturer, and supplier of custom-designed power management
systems, renewable energy storage systems, and a supplier and
designer of solar energy systems.

Arista Power reported a net loss of $3.27 million on $2.19 million
of sales for the year ended Dec. 31, 2013, as compared with a net
loss of $3.48 million on $1.99 million of sales for the year ended
Dec. 31, 2012.  The Company's balance sheet at March 31, 2014,
showed $3.02 million in total assets, $6.99 million in total
liabilities and a $3.97 million total stockholders' deficit.

EFP Rotenberg, LLP, in Rochester, New York, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company's recurring losses have resulted in an
accumulated deficit and ongoing operation is dependent upon
improved results from operation and additional financing.  These
conditions raise substantial doubt about its ability to continue
as a going concern.

                         Bankruptcy Warning

"We may also seek additional financing to accelerate our growth.
If we raise additional funds through the issuance of equity or
convertible debt securities, the percentage ownership of the
Company held by existing shareholders will be reduced and our
shareholders may experience significant dilution.  In addition,
new securities may contain rights, preferences or privileges that
are senior to those of our common stock.  If we raise additional
capital by incurring debt, this will result in increased interest
expense.  There can be no assurance that acceptable financing
necessary to further implement our plan of operation can be
obtained on suitable terms, if at all.  Our ability to develop our
business could suffer if we are unable to raise additional funds
on acceptable terms, which would have the effect of limiting our
ability to increase our revenues, develop our products, attain
profitable operations, or even may result in our business filing
for bankruptcy protection or otherwise ending our operations which
could result in a significant or complete loss of your
investment," the Company said in the Annual Report for the year
ended Dec. 31, 2013.


ARISTA POWER: Two Directors Elected at Annual Meeting
-----------------------------------------------------
At the annual meeting of shareholders of Arista Power, Inc., on
May 28, 2014, the shareholders of the Company:

   (1) elected William A. Schmitz and George Naselaris to the
       Board of Directors for a three-year term;

   (2) approved the Company's Amended and Restated 2008 Equity
       Incentive Plan pursuant to which an additional 2,000,000
       shares of common stock were approved for issuance under the
       Plan.

   (3) approved an advisory vote on executive compensation; and

   (4) approved an advisory vote on frequency of future advisory
       votes on executive compensation to be every three years.

The Company filed with the U.S. Securities and Exchange Commission
a Form S-8 registration statement to register 2,000,000 shares of
common stock issuable under the Company's 2008 Equity Incentive
Plan, as Amended and Restated.  A full-text copy of the Form S-8
prospectus is available for free at http://is.gd/urswjZ

                          About Arista Power

Rochester, N.Y.-based Arista Power, Inc., is a developer,
manufacturer, and supplier of custom-designed power management
systems, renewable energy storage systems, and a supplier and
designer of solar energy systems.

Arista Power reported a net loss of $3.27 million on $2.19 million
of sales for the year ended Dec. 31, 2013, as compared with a net
loss of $3.48 million on $1.99 million of sales for the year ended
Dec. 31, 2012.

The Company's balance sheet at March 31, 2014, showed $3.02
million in total assets, $6.99 million in total liabilities and a
$3.97 million total stockholders' deficit.

EFP Rotenberg, LLP, in Rochester, New York, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company's recurring losses have resulted in an
accumulated deficit and ongoing operation is dependent upon
improved results from operation and additional financing.  These
conditions raise substantial doubt about its ability to continue
as a going concern.

                         Bankruptcy Warning

"We may also seek additional financing to accelerate our growth.
If we raise additional funds through the issuance of equity or
convertible debt securities, the percentage ownership of the
Company held by existing shareholders will be reduced and our
shareholders may experience significant dilution.  In addition,
new securities may contain rights, preferences or privileges that
are senior to those of our common stock.  If we raise additional
capital by incurring debt, this will result in increased interest
expense.  There can be no assurance that acceptable financing
necessary to further implement our plan of operation can be
obtained on suitable terms, if at all.  Our ability to develop our
business could suffer if we are unable to raise additional funds
on acceptable terms, which would have the effect of limiting our
ability to increase our revenues, develop our products, attain
profitable operations, or even may result in our business filing
for bankruptcy protection or otherwise ending our operations which
could result in a significant or complete loss of your
investment," the Company said in the Annual Report for the year
ended Dec. 31, 2013.


AUXILIUM PHARMACEUTICALS: Chief Financial Officer to Quit
---------------------------------------------------------
James E. Fickenscher, chief financial officer, is leaving Auxilium
Pharmaceuticals, Inc., to pursue other interests.  Mr. Fickenscher
will continue in his current role through Aug. 15, 2014.

"The Board and I want to thank Jim for his nine years of service
and important contributions to the evolution of Auxilium," said
Adrian Adams, chief executive officer and president of Auxilium.
"Over the past year, we have evolved Auxilium into a company with
a leadership position in men's healthcare, and a diversified
revenue stream driven by a portfolio of 12 products.  We are now
positioning the Company for the next phase of evolution and growth
and have initiated the search for a new Chief Financial Officer.
Our focus remains to execute on our visionary goals and corporate
strategy and, most importantly, to deliver value to our
shareholders."

Mr. Fickenscher's Amended and Restated Employment Agreement dated
Dec. 19, 2013, provides for certain severance benefits subject to
the execution and non-revocation by Mr. Fickenscher of a written
release in a form provided by the Company.  Pursuant to the terms
of the Employment Agreement, on May 30, 2014, the Company provided
a proposed Separation Agreement and General Release to Mr.
Fickenscher in connection with his departure that is consistent
with the form previously agreed and attached as an exhibit to the
Employment Agreement.

In consideration for the releases provided by Mr. Fickenscher in
the Agreement, and for his continuing compliance with the
obligations contained in the Agreement, he will receive severance
benefits in accordance with terms of the Employment Agreement, as
previously disclosed.  In addition to the previously disclosed
severance benefits, Mr. Fickenscher and the Company reached an
agreement with respect to his continued employment through
Aug. 15, 2014, whereby he will also receive a payment in an amount
equal to 75 percent of his target bonus for fiscal year 2014 under
the Company's 2014 incentive bonus plan, payable within 30 days of
the Termination Date.  Payment of this additional amount is
contingent upon Mr. Fickenscher being employed by the Company
until the Termination Date.

Mr. Fickenscher remains bound by the confidentiality, intellectual
property, non-competition, non-solicitation, and non-disparagement
covenants contained in the Employment Agreement until the
anniversary of the Termination Date.

                           About Auxilium

Auxilium Pharmaceuticals, Inc., is a fully integrated specialty
biopharmaceutical company with a focus on developing and
commercializing innovative products for specialist audiences.
With a broad range of first- and second-line products across
multiple indications, Auxilium is an emerging leader in the men's
healthcare area and has strategically expanded its product
portfolio and pipeline in orthopedics, dermatology and other
therapeutic areas.  Auxilium now has a broad portfolio of 12
approved products.  Among other products in the U.S., Auxilium
markets edex(R) (alprostadil for injection), an injectable
treatment for erectile dysfunction, Osbon ErecAid(R), the leading
device for aiding erectile dysfunction, STENDRATM (avanafil), an
oral erectile dysfunction therapy, Testim(R) (testosterone gel)
for the topical treatment of hypogonadism, TESTOPEL(R)
(testosterone pellets) a long-acting implantable testosterone
replacement therapy, XIAFLEX(R) (collagenase clostridium
histolyticum or CCH) for the treatment of Peyronie's disease and
XIAFLEX for the treatment of Dupuytren's contracture.  The Company
also has programs in Phase 2 clinical development for the
treatment of Frozen Shoulder syndrome and cellulite.  To learn
more, please visit www.Auxilium.com.

As of March 31, 2014, the Company had $1.19 billion in total
assets, $985.73 million in total liabilities and $210.14 million
in total stockholders' equity.

                            *   *    *

As reported by the TCR on May 7, 2014, Moody's Investors Service
downgraded the ratings of Auxilium Pharmaceuticals, Inc.,
including the Corporate Family Rating to B3 from B2.  "The
downgrade reflects Moody's expectations that declines in Testim,
Auxilium's testosterone gel, will materially reduce EBITDA
in 2014, resulting in negative free cash flow, a weakening
liquidity profile, and extremely high debt/EBITDA," said Moody's
Senior Vice President Michael Levesque.

In the May 6, 2014, edition of the TCR, Standard & Poor's Ratings
Services lowered its corporate credit rating on Auxilium
Pharmaceuticals Inc. to 'CCC' from 'B-'.  "Our rating action on
Auxilium is predicated on our assessment of its liquidity profile
as "weak" and our expectation that the company is likely to
deplete its liquidity sources over the next 12 months," said
credit analyst Maryna Kandrukhin.


BANCO CRUZEIRO: Brazilian Bank's Liquidator Seeks U.S. Recognition
------------------------------------------------------------------
The liquidator of Banco Cruzeiro Do Sul S.A. filed a Chapter 15
bankruptcy petition in Miami, Florida, to seek recognition in the
U.S. of the administrative liquidation proceeding of the bank
pending before the Central Bank of Brazil.

Eduardo Felix Bianchini, the liquidator appointed by the Brazilian
Central Bank and the foreign representative in the U.S. case, says
that in 2012, the Central Bank of Brazil ordered the extrajudicial
liquidation of BCSUL and four of its affiliates after it
determined that the Debtors could no longer return to normal
business operations due to confirmation of a distressed financial
condition and serious violations of regulation of the National
Monetary Council and of the Central Bank of Brazil.

BCSUL's affiliates which are currently in liquidation include:

  (a) Cruzeiro do Sul S.A. - Companhia Securitizadora de
      Credios Financeiros;

  (b) Cruzeiro do Sul S.A. Corretora de Valores e Mercadorias;

  (c) CruLeiro do Sul Holding Financcira S.A.; and

  (d) Cruzeiro do Sul S.A. Distribuidora de Titulos e Valorcs
      Mobiliarios.

                          U.S. Recognition

The liquidator wants the U.S. court to enter an order recognizing
the Brazilian liquidation as foreign main proceeding and, among
other things, entrusting the distribution of BCSUL's assets in the
U.S. to the liquidator.

Gregory S. Grossman, Esq., at Astigarraga Davis Mullins &
Grossman, PA, avers that the Debtors' Brazilian liquidation
proceeding is a "foreign main proceeding" as that term is defined
in Section 101(23) and 1502(4) of the U.S. Bankruptcy Code,
because it is a (a) collective administrative proceedings
currently pending in Brazil, the "center of main interests" for
the Debtors and (b) under a law relating to insolvency or
adjustment of debt in which the Debtors' assets and affairs are
subject to control and the supervision of the Central
Bank of Brazil for the purpose of liquidation.

The Debtor says that it has assets in the United States in the
form of a retainer on deposit with Astigarraga Davis Mullins &
Grossman and other assets which belong to BCSUL even if they arc
titled in the name of other entities and/or beneficially owned by
other entities, including, but not limited to, an account held in
the name of BCS Asset Management at Sofisa Bank of Florida in
Miami, Florida, as well as claims BCSUL may raise against such
other entities or other third parties related to fraudulent
transfers, preferences and/or fraud.

BCSUL doesn't have any pending litigation in the United States.

                    Liquidation Proceeding

In 2004, a new law was passed by Brazil's Congress which permitted
the assignment of up to 30% or an individual's salary to a bank to
secure repayment or a loan.  This change created a new book or
business for some banks and BCSUL became very prominent and active
in this area.

On June 4, 2012, the Central Bank of Brazil placed BCSUL, along
with its four affiliated companies under Special Temporary
Administration of the Credit Guarantee Fund (i.e., the FGC or
Fundo Garantidor de Creditos).  The FGC is responsible for
administering Brazil's deposit insurance program.

When BCSUL was placed under temporary administration, all of its
members sitting on the Board or Directors, the Administrative
Council, the Fiscal Council, and the Audit Committee were removed
and their assets were frozen (together with any other member
within the previous 12 months).  In total, the assets or 15
insiders were frozen at that time.

When BCSUL was initially placed, under Special Temporary
Administration, the FGC announced its intention to find a buyer
for BCSUL.  On Sept. 14, 2012, however, the Central Bank of Brazil
placed BCSUL into extra-judicial liquidation after the FGC was
unable to find a buyer.

The FGC is owed approximately RS1.95 billion and is the largest
creditor of BCSUL.  Initially, the Central Bank or Brazil
appointed Sergio Rodrigues Prates as the Liquidator for BCSU.  On
May 24, 2013, Eduardo Felix Bianchini was appointed to replace Mr.
Prates as the liquidator.

                    About Banco Cruzeiro Do Sul

Banco Cruzeiro Do Sul S.A. ("BCSUL") was first established in
August 1989.  In 1993, the bank's shares were acquired by the
Indio Da Costa family, who continued to manage the bank until June
4, 2012, when the assets of the bank and its affiliates were
seized by the Central Bank of Brazil.

Luis Felipe Indio Da Costa is the principal member of the Indio Da
Costa family and was also the principal of the bank although his
son, Luis Octavio, was the president of BCSUL.

According to BCSUL's Web site, the bank provided a variety of
services which included commercial portfolio investments and
credit services.

During the course of its banking operations, BCSUL primarily
operated out of Rio de Janeiro and Sao Paulo where it received
deposits and extending loans to individual customers.  BCSUL
operated nationally through a network of salesmen and agents,
promoting the salary-secured loan product offered by the bank.
The total loan book for BCSUL was R$12 billion.

Prior to be placed into liquidation, BCSUL was the 27th largest
bank in Brazil.  As of March 31, 2014, the bank's balance sheet
reflected the R$7.75 billion (US$3.47 billion) in assets and
R$10.3 billion (US$4.64 billion) in liabilities.

The liquidator for BCSUL filed a Chapter 15 petition (Bankr. S.D.
Fla. Case No. 14-22974) on June 4, 2014, to seek recognition of
the liquidation proceeding before the Central Bank of Brazil.
According to the Chapter 15 petition, the bank has more than
US$1 billion in assets and debt.

Judge Laurel M Isicoff is assigned to the Chapter 15 case.
Gregory S. Grossman, Esq., at Astigarraga Davis Mullins &
Grossman, PA, in Miami, represents the Debtor.


BANK OF THE CAROLINAS: Amends Articles of Incorporation
-------------------------------------------------------
Bank of the Carolinas Corporation filed articles of amendment with
the North Carolina Department of the Secretary of State for the
purpose of amending its articles of incorporation.  The Company's
shareholders approved these amendments at the special meeting of
shareholders held on May 22, 2014.

The amendments effect three changes to the Company's articles of
incorporation:

   (1) an increase in the number of shares of common stock the
       Company is authorized to issue from 15,000,000 shares to
       580,000,000 shares;

   (2) a change in the par value of the Company's common stock
       from $5.00 per share to no par value per share; and

   (3) creation of a class of non-voting common stock.

Of the 580,000,000 shares of common stock authorized for issuance,
500,000,000 shares are designated as voting common stock and
80,000,000 shares are designated as non-voting common stock.
Prior to the filing of the articles of amendment, the Company did
not have a class of non-voting common stock authorized.

Shareholders who held shares of the Company's common stock prior
to the filing of the articles of amendment hold voting common
stock after the filing of the articles of amendment.  Each holder
of voting common stock is entitled to one vote for each share of
voting common stock held of record by such holder on all matters
on which shareholders generally are entitled to vote.  There are
currently no shares of non-voting common stock outstanding.  If
shares of non-voting common stock are issued, the holders of non-
voting common stock will have no voting power and will not be
entitled to vote on any matter except as required by law or
provided in the articles of amendment.  In all other respects, the
non-voting common stock will carry the same rights and privileges
as voting common stock, including in respect of dividends and in
respect of distributions upon any dissolution, liquidation, or
winding up of the Company, and will be treated the same as the
voting common stock, including in any merger, consolidation, share
exchange, or other similar transaction.

If the Company splits, subdivides, or combines the outstanding
shares of voting common stock or non-voting common stock, then the
outstanding shares of the other class of common stock will
likewise be split, subdivided, or combined in the same manner
proportionately and on the same basis per share.  No dividend
payable in voting common stock will be declared on the non-voting
common stock, and no dividend payable on the non-voting common
stock will be declared on the voting common stock.  In the
case of a stock dividend, the voting common stock will receive
such dividend in shares of voting common stock and the non-voting
common stock will receive such dividend in shares of non-voting
common stock.

A full-text copy of the Articles of Amendment of the Company filed
May 28, 2014, is available for free at http://is.gd/awv1E4

                     About Bank of the Carolinas

Mocksville, North Carolina-based Bank of the Carolinas Corporation
was formed in 2006 to serve as a holding company for Bank of the
Carolinas.  The Bank's primary market area is in the Piedmont
region of North Carolina.

Turlington and Company, LLP, in Lexington, North Carolina, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has suffered recurring credit
losses that have eroded certain regulatory capital ratios.  As of
Dec. 31, 2013, the Company is considered undercapitalized based on
their regulatory capital level.  This raises substantial doubt
about the Company's ability to continue as a going concern.

The Company reported a net loss available to common stockholders
of $2.33 million in 2013, a net loss available to common
stockholders of $5.53 million in 2012 and a net loss available to
common stockholders of $29.18 million in 2011.  The Company's
balance sheet at Dec. 31, 2013, showed $423.65 million in total
assets, $421.90 million in total liabilities and $1.74 million in
total stockholders' equity.


BELLINGHAM INSURANCE: High Court Rules on Bankr. Court's Powers
---------------------------------------------------------------
The U.S. Supreme Court on June 9 clarified a 2011 ruling that
called into question the power of bankruptcy judges to rule on key
issues that arise in many bankruptcy cases but which ruling left a
bigger question unanswered, Jacqueline Palank, writing for The
Wall Street Journal, reported.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
however, said the Supreme Court's decision left open whether
bankruptcy judges and federal magistrate judges have the power to
issue final rulings, even when the parties consent, and didn't say
whether aspects of the magistrate system are unconstitutional.

The June 9 ruling involves the case called Executive Benefits
Insurance Agency v. Peter H. Arkison, which confronts the claims
that fall into a gap exposed between claims that the bankruptcy
court is allowed to issue final judgment on and claims that it
isn't, the Journal said.  The gap was the result of the ruling in
the 2011 case, which involved an inheritance battle between the
deceased Anna Nicole Smith and the son of her deceased husband,
the Journal related.

At the heart of the Executive Benefits case is the different
status of bankruptcy versus district judges, the Journal noted.
In the June 9 opinion, the Supreme Court court found no gap and
said the facts in Executive Benefits fit neatly within Section
157(c)(1) of the Judiciary Code, which says a bankruptcy judge in
a non-core matter can issue proposed findings of fact and
conclusions of law, followed by de novo review in district court.

A full-text copy of the Supreme Court's Decision written by
Justice Clarence Thomas is available at:

        http://bankrupt.com/misc/12_1200_2035.pdf

The case is Executive Benefits Insurance Agency v. Arkison,
12-1200, U.S. Supreme Court.


BELLINGHAM INSURANCE: High Court Rules on Bankr. Court's Powers
---------------------------------------------------------------
The U.S. Supreme Court on June 9 clarified a 2011 ruling that
called into question the power of bankruptcy judges to rule on key
issues that arise in many bankruptcy cases but which ruling left a
bigger question unanswered, Jacqueline Palank, writing for The
Wall Street Journal, reported.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
however, said the Supreme Court's decision left open whether
bankruptcy judges and federal magistrate judges have the power to
issue final rulings, even when the parties consent, and didn't say
whether aspects of the magistrate system are unconstitutional.

The June 9 ruling involves the case called Executive Benefits
Insurance Agency v. Peter H. Arkison, which confronts the claims
that fall into a gap exposed between claims that the bankruptcy
court is allowed to issue final judgment on and claims that it
isn't, the Journal said.  The gap was the result of the ruling in
the 2011 case, which involved an inheritance battle between the
deceased Anna Nicole Smith and the son of her deceased husband,
the Journal related.

At the heart of the Executive Benefits case is the different
status of bankruptcy versus district judges, the Journal noted.
In the June 9 opinion, the Supreme Court court found no gap and
said the facts in Executive Benefits fit neatly within Section
157(c)(1) of the Judiciary Code, which says a bankruptcy judge in
a non-core matter can issue proposed findings of fact and
conclusions of law, followed by de novo review in district court.

A full-text copy of the Supreme Court's Decision written by
Justice Clarence Thomas is available at:

        http://bankrupt.com/misc/12_1200_2035.pdf

The case is Executive Benefits Insurance Agency v. Arkison,
12-1200, U.S. Supreme Court.


BIG M: Court Approves Settlement with Westport Insurance
--------------------------------------------------------
The Bankruptcy Court approves Big M, Inc.'s comprise and
settlement with Westport Insurance Company.

Westport issued Policy No. 31-3-74971, which provided Big M with
coverage for property damage and business interruption.

In October 2013, superstorm Sandy struck the New York, New Jersey
and Connecticut. The damage caused by the superstorm resulted in
the closure of all of Big M's store locations in the Tri-State
area. The majority of those impacted stores, in addition to the
company's office and distribution center, were unable to fully
operate for over a week. Three of the impacted stores were closed
for one month.

Eric H. Horn, Esq., at Lowenstein Sandler LLP, in Roseland New
Jersey, relates that within days after the superstorm, after
calculating the amount of its damages, Big M communicated its
claim amount and provided the necessary detail to its insurance
carrier, Westport.

On November 4, 2013, Big M commenced an adversary proceeding
against Westport in the Bankruptcy Court entitled Big M, Inc. v.
Westport Insurance Company, Case No. 13-02066 (DHS) on account of
damages resulting from the superstorm and Westport's response.

Mr. Horn notes that there are three components to Big M's claim
against Westport: (i) property damage at stores damaged as a
result of flooding; (ii) business interruption damages as a result
of loss of power at stores and the distribution center; and (iii)
consequential damages resulting from Westport's delay in adjusting
and paying Big M for its property damage and business interruption
claim.

To date, Westport has paid Big M $1,502,566.  Following extensive
negotiation and mediation, Big M and Westport entered into an
insurance settlement, pursuant to which Westport will pay Big M an
additional $900,000.

Big M is represented by:

     Kenneth A. Rosen, Esq.
     Mary E. Seymour, Esq.
     Eric H. Horn, Esq.
     LOWENSTEIN SANDLER LLP
     65 Livingston Avenue
     Roseland, NJ 07068
     Tel: (973) 597-2500
     Fax: (973) 597-2400

                       About Big M, Mandee,
                  Annie sez, and Afazxe Stores

Totowa, New Jersey-based Big M, Inc., filed a Chapter 11 petition
(Bankr. D.N.J. Case No. 13-10233) on Jan. 6, 2013, with Salus
Capital Partners, LLC, funding the Chapter 11 effort.  Judge
Donald H. Steckroth presides over the case.

At the time of the bankruptcy filing, Big M was the owner of
Mandee, Annie sez, and Afazxe Stores.  The Mandee brand is a
juniors fashion retailer with 84 stores in Illinois and along the
East Coast. Annie sez is a discount department-store retailer for
women with 35 stores. Afaze is 10-store jewelry and accessory
chain.

Kenneth A. Rosen, Esq., at Lowenstein Sandler LLP, in Roseland,
serves as counsel to the Debtor.  PricewaterhouseCoopers LLP has
been tapped to serve as financial advisor.  GRL Capital Advisors
LLC's Glenn R. Langberg has been hired to serve as chief
restructuring officer.

Attorneys at Becker Meisel LLC serve the Debtor as conflicts
counsel.

The Debtor disclosed $21,384,430 in assets and $21,374,057 in
liabilities as of the Chapter 11 filing.

The Official Committee of Unsecured Creditors has tapped Cooley
Godward Kroish, LLP, as its counsel, and CBIZ Accounting, Tax and
Advisory of New York, LLC and CBIZ Mergers & Acquisitions Group as
its financial advisor.

In mid-2013, the Bankruptcy Court authorized the Debtor to sell
substantially all of its assets to YM LLC USA, formerly known as
YM Inc USA.


BIG M: Court Approves Settlement with Counsel Rona Korman
---------------------------------------------------------
Big M, Inc., enters into a compromise and settlement with its
former general counsel Rona Korman.

During her employment, Ms. Korman entered into a deferred
compensation agreement dated as of January 1, 1999. Also during
her employment, Ms. Korman delivered a promissory note in exchange
for a $348,386 loan. The note provides for the offset of any debt,
obligation or liability owed by Big M to Ms. Korman, including any
deferred compensation due or becoming due.

In December 2012, Ms. Korman's employment with Big M ceased and
subsequently, the parties entered into a transition services
agreement to which she provided transition services up to
February 28, 2013.

On April 29, 2013, Ms. Korman filed a proof of claim for $857,522
on account of deferred compensation and severance:

   (a) $348,386 as secured;

   (b) $11,725 as priority - general unsecured; and

   (c) $497,411 as a non-priority - general unsecured.

Following extensive negotiation, the parties settled that:

   (a) Ms. Korman's claim is disallowed and expunged with
       prejudice;

   (b) Ms. Korman is permitted to setoff amounts owing from her to
       Big M against amounts that Big M owes to her (pursuant to
       the setoff, the parties will no longer owe each other any
       amount);

   (c) Ms. Korman assigns to Big M all of her monetary rights and
       interest in Big M's pension plan;

On May 12, 2014, the Bankruptcy Court approves the settlement.

                       About Big M, Mandee,
                  Annie sez, and Afazxe Stores

Totowa, New Jersey-based Big M, Inc., filed a Chapter 11 petition
(Bankr. D.N.J. Case No. 13-10233) on Jan. 6, 2013, with Salus
Capital Partners, LLC, funding the Chapter 11 effort.  Judge
Donald H. Steckroth presides over the case.

At the time of the bankruptcy filing, Big M was the owner of
Mandee, Annie sez, and Afazxe Stores.  The Mandee brand is a
juniors fashion retailer with 84 stores in Illinois and along the
East Coast. Annie sez is a discount department-store retailer for
women with 35 stores. Afaze is 10-store jewelry and accessory
chain.

Kenneth A. Rosen, Esq., at Lowenstein Sandler LLP, in Roseland,
serves as counsel to the Debtor.  PricewaterhouseCoopers LLP has
been tapped to serve as financial advisor.  GRL Capital Advisors
LLC's Glenn R. Langberg has been hired to serve as chief
restructuring officer.

Attorneys at Becker Meisel LLC serve the Debtor as conflicts
counsel.

The Debtor disclosed $21,384,430 in assets and $21,374,057 in
liabilities as of the Chapter 11 filing.

The Official Committee of Unsecured Creditors has tapped Cooley
Godward Kroish, LLP, as its counsel, and CBIZ Accounting, Tax and
Advisory of New York, LLC and CBIZ Mergers & Acquisitions Group as
its financial advisor.

In mid-2013, the Bankruptcy Court authorized the Debtor to sell
substantially all of its assets to YM LLC USA, formerly known as
YM Inc USA.


BIOLIFE SOLUTIONS: Michael Rice Lowers Equity Stake to 4.1%
-----------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Michael Rice disclosed that as of March 25,
2014, he beneficially owned 507,413 common stock options, all
exercisable within 60 days of March 25, 2014, of BioLife
Solutions, Inc., representing 4.1 percent of the shares
outstanding.

On March 25, 2014, the Company completed a public offering and
debt conversion, resulting in Mr. Rice being diluted to a less
than 5 percent interest in the Company's outstanding securities.

Mr. Rice previously held 6,806,098 shares of common stock of
Biolife representing 8.9 percent equity stake at May 31, 2013.

A full-text copy of the regulatory filing is available at:

                         http://is.gd/gjKCCt

                        About BioLife Solutions

Bothell, Washington-based BioLife Solutions, Inc., develops and
markets patented hypothermic storage and cryo-preservation
solutions for cells, tissues, and organs, and provides contracted
research and development and consulting services related to
optimization of biopreservation processes and protocols.

BioLife Solutions incurred a net loss of $1.08 million in 2013,
a net loss of $1.65 million in 2012, and a net loss of $1.95
million in 2011.  The Company's balance sheet at March 31, 2014,
showed $15.98 million in total assets, $1.90 million in total
liabilities and $14.07 million in total shareholders' equity.


BROADWAY FINANCIAL: Moss Adams Replaces Crowe Horwath as Auditor
----------------------------------------------------------------
After consideration of other public accounting firms and a
proposal received for audit services from Moss Adams LLP, the
Audit Committee of the Board of Directors of Broadway Financial
Corporation recommended and approved that the Board of Directors
engage Moss Adams as the Company's independent registered public
accounting firm for the fiscal year ending Dec. 31, 2014.   The
Company's Board of Directors also approved the selection of Moss
Adams as the Company's new independent registered public
accounting firm and the dismissal of its prior audit firm, Crowe
Horwath LLP, effective May 28, 2014.

"In the two fiscal years ended December 31, 2013 and 2012, there
have been no disagreements between the Company and Crowe Horwath
on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure which, if not
resolved to Crowe Horwath's satisfaction, would have caused Crowe
Horwath to make reference to the subject matter of the
disagreement in connection with its opinion on the Company's
consolidated financial statements for that year, and there were no
reportable events as defined in Item 304(a)(1)(v) of Regulation S-
K," the Company said in a Form 8-K filing with the U.S. Securities
and Exchange Commission.

The audit report of Crowe Horwath on the Company's financial
statements as of and for the fiscal year ended Dec. 31, 2013, did
not contain any adverse opinion or disclaimer of opinion, nor was
such report qualified or modified as to uncertainty, audit scope
or accounting principles.  The audit report of Crowe Horwath on
the Company's financial statements as of and for the fiscal year
ended Dec. 31, 2012, was modified as to uncertainty with respect
to the Company's ability to continue as a going concern.

The Company said it did not consult with Moss Adams prior to the
firm's selection as the new accounting firm.

                      About Broadway Financial

Los Angeles, Calif.-based Broadway Financial Corporation was
incorporated under Delaware law in 1995 for the purpose of
acquiring and holding all of the outstanding capital stock of
Broadway Federal Savings and Loan Association as part of the
Bank's conversion from a federally chartered mutual savings
association to a federally chartered stock savings bank.  In
connection with the conversion, the Bank's name was changed to
Broadway Federal Bank, f.s.b.  The conversion was completed, and
the Bank became a wholly owned subsidiary of the Company, in
January 1996.

The Company is currently regulated by the Board of Governors of
the Federal Reserve System.  The Bank is currently regulated by
the Office of the Comptroller of the Currency and the Federal
Deposit Insurance Corporation.

Broadway Financial reported a loss allocable to common
stockholders of $1.08 million in 2013, a loss allocable to common
stockholders of $693,000 in 2012 and a net loss available to
common shareholders of $15.36 million in 2011.

The Company's balance sheet at March 31, 2014, the Company had
$335.07 million in total assets, $308.51 million in total
liabilities and $26.56 million in total stockholders' equity.


BROWNSVILLE MD: Hearing to Consider Cash Collateral Use June 13
---------------------------------------------------------------
Brownsville MD Ventures, LLC, seeks permission from the Hon.
Richard S. Schmidt of the U.S. Bankruptcy Court for the Southern
district of Texas to use cash collateral on an interim basis, with
a final hearing to be set as soon as practicable, to pay: (i)
utilities, (ii) insurance on the real property, (iii) a one-time
roof inspection fee required by its insurance carrier;
(iv) property maintenance and repair costs; and (vi) U.S. Trustee
fees.

The Court has set for June 13, 2014, at 9:00 a.m. the hearing to
consider the Debtor's motion for cash collateral use.

The Debtor says that its secured creditor, Pineda Grantor Trust,
is already adequately protected given its large equity cushion,
and thus no further adequate protection should be necessary.  In
the Debtor's proposed order, Pineda is granted as adequate
protection a post-petition replacement lien against the Debtor's
cash collateral to the same extent, validity, and priority as
existed as of the Petition Date.  Pineda may be granted additional
adequate protection in the final order, according to the proposed
order.

On May 12, 2014, the Debtor filed a notice stating that the
confirmation hearing is currently under advisement.  According to
the notice, the hearing currently set in Brownsville on May 14,
2014, will not take place.  The Court will rehear the confirmation
hearing and will rule thereafter.  Briefs have been filed in this
case and the Court will review them.

                   About Brownsville MD Ventures

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

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

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

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

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

Judge Richard S. Schmidt presides over the case.


BUCCANEER ENERGY: Has Interim Authority to Use Cash Collateral
--------------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas, Victoria Division, gave Buccaneer Resources,
LLC, et al., interim authority to use the cash collateral securing
their prepetition indebtedness from AIX Energy, LLC, and scheduled
a June 17, 2014, hearing on the final approval of the request.

As of May 31, 2014, the aggregate unpaid principal balance of the
AIX Facility, including all accrued, unpaid interest, fees,
expenses and other amounts owing under the financing agreement,
was $58,226,264.  The AIX Facility matures on June 30, 2014.  The
Debtors' obligations under the AIX Facility are secured by liens
on substantially all of the Debtors' assets, including the cash
collateral, subject to certain exceptions.

The Debtors' use of the cash collateral will terminate if, among
other things, (i) they have not filed a motion for bid procedures
governing the sale and auction of substantially all of their
assets by June 13; (ii) they have not filed a plan and disclosure
statement incorporating the bid procedures by June 13; and (iii)
they have not confirmed a Chapter 11 plan by Aug. 15.

Objections to the final approval of the Cash Collateral Motion are
due June 13.  Cook Inlet Region, Inc., filed an objection ahead of
the deadline, to reserve all of its rights and remedies (1) with
respect to any amounts to be deposited into the escrow account,
and (2) in connection with the Debtors and their assets.  CIRI and
Buccaneer Alaska executed an oil and gas lease pursuant to which
CIRI granted and leased certain of its subsurface rights to the
CIRI Property to Buccaneer Alaska.

The Debtors are represented by William R. Greendyke, Esq., and
Jason L. Boland, Esq., at Fulbright & Jaworski LLP, in Houston,
Texas.

Counsel to AIX is:

         Joshua Wolfshohl, Esq.
         PORTER HEDGES LLP
         1000 Main Street, 36th Floor
         Houston, Texas 77002
         Email: jwolfshohl@porterhedges.com

CIRI is represented by:

         Robert L. Paddock, Esq.
         Randy Williams, Esq.
         THOMPSON & KNIGHT LLP
         333 Clay, Suite 3300
         Houston, Texas 77002
         Telephone: (713) 654-8111
         Facsimile: (713) 654-1871
         Email: robert.paddock@tklaw.com
                randy.williams@tklaw.com

            -- and --

         Ira L. Herman, Esq.
         Jennifer A. Christian, Esq.
         THOMPSON & KNIGHT LLP
         900 Third Avenue, 20th Floor
         New York, New York 10022-3915
         Telephone: (212) 715-3001
         Facsimile: (212) 751-3113
         Email: ira.herman@tklaw.com
                jennifer.christian@tklaw.com

                      About Buccaneer Energy

Buccaneer Resources, LLC, and eight affiliates, including
Buccaneer Energy Ltd. sought Chapter 11 bankruptcy protection in
Victoria, Texas (Bankr. S.D. Tex. Lead Case No. 14-60041) on
May 31, 2014.

Founded in 2006, Buccaneer Energy, Ltd. is a publicly traded
independent oil and gas company listed on the Australian
Securities Exchange under the symbol "BCC".  Although BCC is an
Australian listed entity, the company operates exclusively through
its eight U.S. subsidiary debtors, each of which are headquartered
in the U.S. and which maintain offices in Houston and Dallas,
Texas, and Kenai and Anchorage, Alaska.

The Debtors' primary business is the exploration for and
production of oil and natural gas in North America.  Operations
have historically focused on both onshore and offshore
opportunities in the Cook Inlet of Alaska as well as the
development of offshore projects in the Gulf of Mexico and onshore
oil opportunities in Texas and Louisiana.

CEO Curtis Burton was terminated in May 2014.  Manning the
Debtors' operations is Conway MacKenzie senior managing director
John T. Young, who was appointed chief restructuring officer in
March 2014.

The bankruptcy cases are assigned to Judge David R Jones.  The
Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The Debtors have tapped Robert Andrew Black, Esq., Jason Lee
Boland, Esq., Robert Bernard Bruner, and William R Greendyke,
Esq., at Fulbright Jaworski LLP as counsel.  Epiq Systems is the
claims and notice agent.


BUCCANEER ENERGY: Seeks to Employ Fulbright & Jaworski as Counsel
-----------------------------------------------------------------
Buccaneer Resources, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the Southern District of Texas, Victoria
Division, to employ Fulbright & Jaworski LLP as counsel.

Fulbright will be required to render various services to the
Debtors, including the following professional services:

   (a) providing advice to the Debtors with respect to their
       powers and duties as debtors in possession in the continued
       operation of their businesses and the management of their
       properties;

   (b) preparing, on behalf of the Debtors, applications, motions,
       answers, orders, reports, memoranda of law and other papers
       in connection with the Chapter 11 cases;

   (c) representing the Debtors in negotiations with creditors,
       equity holders, and parties-in-interest, including
       governmental agencies and authorities; and

   (d) performing other necessary or appropriate legal services in
       connection with the Chapter 11 cases.

Generally, Fulbright?s hourly billing rates for domestic offices
range from $450 to $1,045 for partners; from $280 to $665 for
senior associates; from $405 to $840 for senior counsel; from
$195 to $695 for counsel; from $225 to $550 for associates; from
$225 to $405 for patent agents; from $450 to $1,040 for of
counsel; from $75 to $400 for legal assistants; and from $180 to
$310 for senior legal assistants.  In addition to the hourly
rates, Fulbright customarily charges its clients for all
reimbursable expenses.

Prior to the Petition Date, the Debtors advanced Fulbright
$600,000 to provide a retainer for legal services rendered or to
be rendered, and for reimbursement of expenses incurred, in
representing the Debtors in connection with the Chapter 11 cases.
For the one year period preceding the Petition Date, in addition
to the amount advanced in the retainer, Fulbright received
payments in the aggregate amount of approximately $1,219,687 from
the Debtors for professional fees and expenses incurred with
respect to various legal matters.

William R. Greendyke, Esq., a partner at Fulbright & Jaworski 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.

A hearing will be conducted on this matter on July 1, 2014
at 3:00 p.m.

The firm may be reached at:

         Robert Andrew Black, Esq.
         Jason Lee Boland, Esq.
         Robert Bernard Bruner, Esq.
         William R Greendyke, Esq.
         FULBRIGHT & JAWORSKI LLP
         1301 McKinney Street
         Suite 5100
         Houston, TX 77010
         Tel: 713-651-5193
         Fax : 713-651-5246

                      About Buccaneer Energy

Buccaneer Resources, LLC, and eight affiliates, including
Buccaneer Energy Ltd. sought Chapter 11 bankruptcy protection in
Victoria, Texas (Bankr. S.D. Tex. Lead Case No. 14-60041) on
May 31, 2014.

Founded in 2006, Buccaneer Energy, Ltd. is a publicly traded
independent oil and gas company listed on the Australian
Securities Exchange under the symbol "BCC".  Although BCC is an
Australian listed entity, the company operates exclusively through
its eight U.S. subsidiary debtors, each of which are headquartered
in the U.S. and which maintain offices in Houston and Dallas,
Texas, and Kenai and Anchorage, Alaska.

The Debtors' primary business is the exploration for and
production of oil and natural gas in North America.  Operations
have historically focused on both onshore and offshore
opportunities in the Cook Inlet of Alaska as well as the
development of offshore projects in the Gulf of Mexico and onshore
oil opportunities in Texas and Louisiana.

CEO Curtis Burton was terminated in May 2014.  Manning the
Debtors' operations is Conway MacKenzie senior managing director
John T. Young, who was appointed chief restructuring officer in
March 2014.

The bankruptcy cases are assigned to Judge David R Jones.  The
Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The Debtors have tapped Robert Andrew Black, Esq., Jason Lee
Boland, Esq., Robert Bernard Bruner, and William R Greendyke,
Esq., at Fulbright Jaworski LLP as counsel.  Norton Rose Fulbright
Australia will render legal services related to cross-border
insolvency and general corporate and litigation matters to
Buccaneer Energy Ltd.  Epiq Systems is the claims and notice
agent.


BUCCANEER ENERGY: Seek Extension of Schedules Filing Deadline
-------------------------------------------------------------
Buccaneer Resources, LLC, et al., ask the U.S. Bankruptcy Court
for the Southern District of Texas, Victoria Division, to extend
until June 30, 2014, to file their schedules of assets and
liabilities and statements of financial affairs.

The Debtors said they need the additional time to compile
information from voluminous books, records, and documents to
accurately prepare the schedules and statements.  The Debtors add
that they have very limited resources due to their recent
downsizing and their employees and professionals have competing
demands.

A hearing has been set on this motion for June 10, 2014 at
3:00 p.m. (CST).

                      About Buccaneer Energy

Buccaneer Resources, LLC, and eight affiliates, including
Buccaneer Energy Ltd. sought Chapter 11 bankruptcy protection in
Victoria, Texas (Bankr. S.D. Tex. Lead Case No. 14-60041) on
May 31, 2014.

Founded in 2006, Buccaneer Energy, Ltd. is a publicly traded
independent oil and gas company listed on the Australian
Securities Exchange under the symbol "BCC".  Although BCC is an
Australian listed entity, the company operates exclusively through
its eight U.S. subsidiary debtors, each of which are headquartered
in the U.S. and which maintain offices in Houston and Dallas,
Texas, and Kenai and Anchorage, Alaska.

The Debtors' primary business is the exploration for and
production of oil and natural gas in North America.  Operations
have historically focused on both onshore and offshore
opportunities in the Cook Inlet of Alaska as well as the
development of offshore projects in the Gulf of Mexico and onshore
oil opportunities in Texas and Louisiana.

CEO Curtis Burton was terminated in May 2014.  Manning the
Debtors' operations is Conway MacKenzie senior managing director
John T. Young, who was appointed chief restructuring officer in
March 2014.

The bankruptcy cases are assigned to Judge David R Jones.  The
Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The Debtors have tapped Robert Andrew Black, Esq., Jason Lee
Boland, Esq., Robert Bernard Bruner, and William R Greendyke,
Esq., at Fulbright Jaworski LLP as counsel.  Norton Rose Fulbright
Australia will render legal services related to cross-border
insolvency and general corporate and litigation matters to
Buccaneer Energy Ltd.  Epiq Systems is the claims and notice
agent.


BUCCANEER ENERGY: Amends List of Largest Unsecured Creditors
------------------------------------------------------------
Buccaneer Resources, LLC, et al., filed an amended list of its
largest unsecured creditors to reflect the following:


   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Kenai Offshore Ventures            Contract          $18,513,184
15 Hoe Chiang Road
#12-05 Tower Fifteen
Singapore 089316
Contact: Lorrine Wee
Phone: +65 6309 0555
Fax: +65 6222 7848

Archer Drilling, LLC               Pending Lawsuit    $6,000,000
10613 W. Sam Houston Parkway N.
Suite 600
Houston, TX 77064
Contact: Ronney Coleman
Phone: (713) 856-4222

Chrystal Capital Partners LLP      Pending Lawsuit    $2,660,000
48 Berkeley Square
London, UK W1J 5AY
Contact: Kingsley Wilson
Phone: +44 (0)207 850 4760
Fax: +44 (0)796 111 2703

Teras Oilfield Support Limited     Contract           $1,466,320
15 Hoe Chiang Road, #12-05 Tower
Fifteen
Singapore 089316
Contact: Lorrine Wee
Phone: +65 6309 0555
Fax: +65 6222 7848

Scott P. Bernstein                 Pending Lawsuit      Unknown
3333 Allen Parkway, Apt 1109
Houston, TX 77019
Contact: Scott P. Bernstein
Phone: (281) 516-3137
Fax: (281) 516-3139

Frank's Casing Crew And            Trade Payable      $1,174,889
Rental Tools, Inc.
P.O. Box 51729
Lafayette, LA 70505
Contact: Brian Baird
Phone: (281) 966-7300
Fax: (281) 558-0948

Ocean Marine Services             Trade Payable         $608,414
12019 76th Place N.E.
Kirkland, WA 98034
Contact: Daniel Roseta
Phone: (425) 828-6434
Fax: (425) 827-2105

All American Oilfield             Trade Payable         $606,311
Associates, LLC
14896 Kenai Spur Highway
Suite 203
Kenai, AK 99611
Contact: Pete Dickinson
Phone: (907) 283-1048
Fax: (907) 283-1051

State Of Alaska (Department       Government            $605,116
Of Revenue)
P.O. Box 110420
Juneau, AK 99811
Contact: Angela Rodell
Phone: (907) 465-2300
Fax: (907) 465-2389

Crowell & Moring, LLP             Professional
1001 Pennsylvania Avenue NW       Services              $339,976
Washington, DC 20004
Contact: Kyle Parker
Phone: (202) 624-2500
Fax: (202) 628-5116

Aimm Technologies, Inc.           Trade Payable         $276,736
801 Texas 146
Texas City, TX 77590
Contact: Brooks Bradford
Phone: (409) 945-5414
Fax: (409) 945-6022

Pacific Pile & Marine, L.P.       Trade Payable        $195,000
700 S. Riverside Drive
Seattle, WA 98108
Contact: Wil Clark
Phone: (206) 331-3873
Fax: (206) 774-5958

Port Graham Corporation           Trade Payable        $187,243
629 L Street, Suite 205
Anchorage, AK 99501
Contact: Lloyd Stiassny
Phone: (907) 272-7432
Fax: (907) 278-7679

Magtec Alaska, LLC                Trade Payable        $188,855
43385 Kenai Spur Highway
Kenai, AK 99611
Contact: Ryan Peterkin
Phone: (907) 335-6305
Fax: (907) 335-6313

Weatherford US LP                 Trade Payable        $163,327
P.O. Box 301003
Dallas, TX 75303
Contact: Kevin Walker
Phone: (907) 561-1632
Fax: (907) 345-7513

Petroleum Engineers, Inc.         Trade Payable        $138,773
P.O. Box 4869, Dept. 418
Houston, TX 77210
Contact: Bradley Rasch
Phone: (337) 984-2603
Fax: (337) 406-5792

Canrig Drilling Technology        Trade Payable         $106,264
Ltd.
8223 Willow Place Drive South
Houston, TX 77070
Contact: Christopher Papouras
Phone: (281) 774-5600
Fax: (281) 774-5650

General Communication, Inc.       Utilities             $100,336
2550 Denali Street, Suite 1000
Anchorage, AK 99503
Contact: Tina Pidgeon
Phone: (907) 868-5409
Fax: (907) 868-5676

Mayflower Remote Services, LLC    Trade Payable          $96,800
52765 Strawberry Avenue
Kenai, AK 99611
Contact: Edgar N. Duero
Phone: (907) 240-3187
Fax: N/A

XTO Energy, Inc.                  Trade Payable          $89,372
P.O. Box 730587
Dallas, TX 75373
Contact: Keith Hutton
Phone: (866) 886-2613
Fax: (817) 885-1867

Air Liquide America LP            Trade Payable          $85,572
6415 Arctic Blvd.
Anchorage, AK 99518
Contact: Michael J. Graff
Phone: (907) 562-2080
Fax: (907) 564-9752

Petroleum Equipment &             Trade Payable          $70,379
Services, Inc.
5631 Silverado Way Unit #G
Anchorage, AK 99518
Contact: Don Powell
Phone: (907) 248-0066
Fax: (907) 248-4429

LCG Discovery Experts             Professional
11767 Katy Fwy #515               Services              $57,967
Houston, TX 77079
Contact: Ken Tisdel
Phone: (832) 251-6600
Fax: (832) 251-6601

Owl Ridge Natural Resource        Trade Payable         $56,271
Consultants Inc.
1601 East 84th Avenue, Suite 204
Anchorage, AK 99507
Contact: Glenn Ruckhaus
Phone: (907) 344-3448
Fax: N/A

North Star Terminal &             Trade Payable        $56,207
Stevedore Co LLC
790 Ocean Dock Road
Anchorage, AK 99501
Contact: Jeff Bentz
Phone: (907) 272-7537
Fax: (907) 272-8927

JMR Worldwide                     Trade Payable       $52,500
1325 Avenue Of The Americas,
28th Floor
New York, NY 10019
Contact: Jay Morakis
Phone: (212) 786-6037
Fax: (888) 669-0081

Seismic Exchange, Inc.            Trade Payable       $51,317
4805 Westway Park Boulevard
Houston, TX 77041
Contact: Sharon Davis
Phone: (832) 590-5229
Fax: 832.590.5290

Market Eye Pty Ltd                Trade Payable       $47,907
Level 2, 181 Bay Street
Brighton, Vic 3186, Australia
Contact: Ronn Bechler
Phone: (+61-3) 9591 8900
Fax: (+61-3) 9591 8999

National Oilwell Varco            Trade Payable      $47,218
Tuboscope
2835 Holmes Road P.O. Box 808
Houston, TX 77051
Contact: Aimee Rasmussen
Phone: (713) 799-4913
Fax: (713) 799-5212

Airport Equipment Rental          Trade Payable      $46,560
P.O. Box 72578
Fairbanks, AK 99707
Contact: Jerry Sadler
Phone: (907) 456-2000
Fax: (907) 456-2066


A full-text copy of the list dated June 2, 2014, is available
at http://bankrupt.com/misc/BUCCANEERcredlist0602.pdf

                      About Buccaneer Energy

Buccaneer Resources, LLC, and eight affiliates, including
Buccaneer Energy Ltd. sought Chapter 11 bankruptcy protection in
Victoria, Texas (Bankr. S.D. Tex. Lead Case No. 14-60041) on
May 31, 2014.

Founded in 2006, Buccaneer Energy, Ltd. is a publicly traded
independent oil and gas company listed on the Australian
Securities Exchange under the symbol "BCC".  Although BCC is an
Australian listed entity, the company operates exclusively through
its eight U.S. subsidiary debtors, each of which are headquartered
in the U.S. and which maintain offices in Houston and Dallas,
Texas, and Kenai and Anchorage, Alaska.

The Debtors' primary business is the exploration for and
production of oil and natural gas in North America.  Operations
have historically focused on both onshore and offshore
opportunities in the Cook Inlet of Alaska as well as the
development of offshore projects in the Gulf of Mexico and onshore
oil opportunities in Texas and Louisiana.

CEO Curtis Burton was terminated in May 2014.  Manning the
Debtors' operations is Conway MacKenzie senior managing director
John T. Young, who was appointed chief restructuring officer in
March 2014.

The bankruptcy cases are assigned to Judge David R Jones.  The
Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The Debtors have tapped Robert Andrew Black, Esq., Jason Lee
Boland, Esq., Robert Bernard Bruner, and William R Greendyke,
Esq., at Fulbright Jaworski LLP as counsel.  Norton Rose Fulbright
Australia will render legal services related to cross-border
insolvency and general corporate and litigation matters to
Buccaneer Energy Ltd.  Epiq Systems is the claims and notice
agent.


BUDD COMPANY: Court Approves Crane Heyman as Counsel for UAW
------------------------------------------------------------
The International Union, United Automobile, Aerospace and
Agriculture Implement Workers of America sought and obtained
approval from the U.S. Bankruptcy Court to employ Crane, Heyman,
Simon, Welch & Clar as local counsel.

Scott R. Clar, a partner of the firm, attests that it is a
"disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code.

The firm will among, other things, provide these services:

a. investigate and provide advice with regard to the potential
   settlement between the Debtor and its affiliates, as
   contemplated by certain Debtor's motion to approve affiliate
   settlement agreement pursuant to section 105 of the bankruptcy
   code and rule 9109 of the federal rules of bankruptcy procedure
   or otherwise;

b. provide advice to the UAW with respect to its powers, duties
   and responsibilities as the section 114 authorized
   representatives for the UAW Retirees in the debtor's chapter 11
   case; and

c. attend meetings and negotiations with representatives of the
   Debtor, the Debtor's affiliates, the on-UAW Retiree Committee,
   government agencies, other creditors and other parties in
   interest.

The firm's rates are:

      Professional                  Rates
      ------------                  -----
      Eugene Crane                  $495
      Arthur G. Simon               $490
      David K. Welch                $490
      Scott R. Clar                 $490
      Jeffrey C. Dan                $415
      John H. Redfield              $390
      Thomas W. Goedert             $425
      Brian P. Welch                $295

                     About The Budd Company

The Budd Company, Inc., a former supplier to the automotive
industry, filed for chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 14-11873) on March 31, 2014, with a deal to settle
potential claims against its parent, ThyssenKrupp AG.

The company -- which ceased manufacturing operations in 2006 and
does not have any current employees, facilities or customers --
has obligations consisting largely of medical and other benefits
to approximately 10,000 former employees.

Liabilities amount to approximately $1 billion with assets of
approximately $400 million.  Most of the debt consists largely of
medical and other benefits to approximately 10,000 former
employees.

The Debtor disclosed $387,555,681 in assets and $1,107,350,034 in
liabilities as of the Chapter 11 filing.

The Hon. Jack B. Schmetterer oversees the case.  The Debtor has
tapped Proskauer Rose LLP as Chapter 11 counsel, Dickinson Wright
PLLC as special counsel, Epiq Bankruptcy Solutions, LLC as
noticing, claims and balloting agent, and Conway MacKenzie
Management Services, LLC's Charles M. Moore as CRO.

The U.S. Trustee appointed five individuals to serve on the
Committee of Executive & Administrative Retirees.  The Segal
Company (Eastern States), Inc. serves as the Committee's actuarial
consultant.


CALDERA PHARMACEUTICALS: Incurs $5.8 Million Net Loss in 2013
-------------------------------------------------------------
Caldera Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K disclosing a
net loss applicable to common stock of $5.88 million on $708,273
of sales for the year ended Dec. 31, 2013, as compared with a net
loss applicable to common stock of $951,791 on $1.90 million of
sales for the year ended Dec. 31, 2012.

The Company's balance sheet at Dec. 31, 2013, showed $1.68 million
in total assets, $3.91 million in total liabilities, $133,350 in
convertible redeemable preferred stock, and a $2.36 million total
stockholders' deficit.

A full-text copy of the Form 10-K is available for free at:

                         http://is.gd/DyhQq6

                           About Caldera

Based in Cambridge, Massachusetts, Caldera Pharmaceuticals, Inc.,
is a drug discovery and pharmaceutical services company that is
based on a proprietary x-ray fluorescence technology, called
XRpro(R).


CASCADE AG: Creditor Seeks Discharge of Liquidating Agent
---------------------------------------------------------
One PacificCoast Bank (OPCB) asks the Bankruptcy Court for the
Western District of Washington to terminate and discharge the
liquidating agent in Cascade Agent Services' bankruptcy
proceeding.  Pivotal Solutions was appointed by the court on
September 9, 2013, to close Cascade Ag's business and effect the
sale of the Debtor's inventory and equipment to Kruger Foods, Inc.

OPCB tells the Court that the June 24, 2014 auction of equipment
sold to Colombia State Bank and Washington Federal can be handled
without the liquidating agent. OPCB also states that the Debtor's
remaining assets can be disposed of without the liquidating agent.
The liquidating agent held funds of approximately $938,000 as of
April 1, 2014.

The liquidating agent does not object to OPCB's request.  Colombia
State Bank supports OPCB's request provided that the liquidating
agent and its counsel file their fee applications with the Court.
Washington Federal's position is unclear.

OPCB further requests that the liquidating agent file its final
report and account with the Court and deposit the remaining funds
into the registry of the Court.

                  About Cascade AG Services, Inc.

Cascade AG Services, Inc., dba Pleasant Valley Farms, fdba
Mountain View Produce, Inc., fdba Staffanson Harvesting LLC, fdba
Sterling Investment Group, L.L.C., is a vegetable processing
company that processes Washington-grown cucumbers and cabbage into
pickles and sauerkraut.

Cascade AG filed for Chapter 11 bankruptcy (Bankr. W.D. Wash. Case
No. 12-18366) on Aug. 13, 2012.  In amended schedules, the Debtor
disclosed $25,522,648 in assets and $21,354,742 in liabilities as
of the Chapter 11 filing.

Lawyers at Cairncross & Hempelmann PS, in Seattle, serve as the
Debtor's counsel.  Clyde A. Hamstreet & Associates, LLC, is the
Debtor's chief restructuring officer and financial advisor.  The
petition was signed by Craig Staffanson, president.

The U.S. Trustee appointed seven creditors to the Official
Unsecured Creditors' Committee.  Lawrence R. Ream, Esq., at
Schwabe, Williamson & Wyatt PC, Seattle, represents the Committee
as counsel.

DIP lender One PacificCoast Bank, FSB, is represented by Brad T.
Summers, Esq., and David W. Criswell, Esq.

The Plan filed in the Debtor's case contemplates a $3.0 million
capital infusion.  Money contributed to fund the Plan will be used
to satisfy Administrative Expense Claims to the extent that those
Claims must be satisfied for Confirmation, unless there is
agreement with Holders of Administrative Expense Claims to defer
payment.


CASH STORE: Cease Trade Order Issued Over Non-Filing of Reports
---------------------------------------------------------------
A cease trade order was issued on May 30, 2014, by the Alberta
Securities Commission due to The Cash Store Financial Services
Inc. failing to file interim unaudited financial statements,
interim management's discussion and analysis, and certification of
interim filings for the period ended March 31, 2014, pursuant to
section 146 of the Securities Act (Alberta).  Per the terms of the
Cease Trade Order, all trading in the Company's securities has
ceased.

As the Company announced on May 16, 2014, its inability to file
these materials is attributable to the circumstances of the
Company's ongoing court-supervised restructuring process under the
Companies' Creditors Arrangement Act ("CCAA").  Cash Store
Financial intends to file the Continuous Disclosure Documents as
soon as is commercially reasonable, or as requested by the Court,
and is committed to completing the restructuring process as
quickly and efficiently as is possible.

                     About Cash Store Financial

Headquartered in Edmonton, Alberta, Cash Store Financial Services
Inc. (TSX: CSF) is a lender and broker of short-term advances and
provider of other financial services in Canada.  Cash Store
Financial operates 510 branches across Canada under the banners
"Cash Store Financial" and "Instaloans". Cash Store Financial also
operates 27 branches in the United Kingdom.

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

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


CHESAPEAKE OILFIELD: Moody's Rates $500MM Senior Notes 'B2'
-----------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Chesapeake
Oilfield Operating, L.L.C's (COO) proposed offering of $500 senior
notes due 2022. Following the pending spin-off of COO from
Chesapeake Energy Corporation (Chesapeake, Ba1 stable), COO will
be renamed Seventy Seven Energy Inc. (SSE). This notes offering
was anticipated in the Chesapeake Oilfield and Seventy Seven
Operating rating actions Moody's announced on Thursday, June 5.

"The B2 rating on the new senior notes for Seventy Seven Energy
reflects the notes structural subordination to the substantial
amount of secured and unsecured debts at the operating
subsidiary," commented Pete Speer, Moody's Senior Vice President.

Ratings Rationale

COO is presently a wholly owned subsidiary of Chesapeake and will
change its name to SSE following the spin-off that is expected to
be completed by the end of June. Proceeds from the $500 million
senior notes offering will be used to fund a nearly $400 million
dividend to Chesapeake with the remainder contributed to Seventy
Seven Operating LLC (SSO), a wholly owned operating subsidiary of
COO/SSE. COO's existing assets and debt obligations will be
assumed by SSO.

SSO plans to issue a $400 million term loan and use the cash
contributed from SSE to repay outstanding borrowings under COO's
existing $500 million revolver. That facility will be terminated
and replaced by an ABL senior secured revolving credit facility
with borrowing capacity of approximately $275 million. Following
the planned transactions, SSO's outstanding debts will be the ABL
revolver, term loan and $650 million senior notes due 2019 (2019
notes).

SSE will be a holding company and its proposed $500 million senior
notes will be unsecured with no guarantees from SSO or other
subsidiaries unless the 2019 notes are retired. Therefore the new
$500 million senior notes are structurally subordinated to all
debts at SSO, resulting in those notes being rated B2, or two
notches beneath COO/SSE's Ba3 Corporate Family Rating (CFR).

The Ba3 CFR for COO/SSE reflects its sizable fleet of land
drilling rigs, pressure pumping equipment and other oilfield
services assets. The company also has broad geographic
diversification in the onshore US and it has more service line
diversification than most Ba3 and B1 rated oilfield services and
land drilling peers. COO/SSE will have term contracts for drilling
rigs and pressure pumping equipment that provide meaningful
revenue visibility for 2014 and 2015. The rating is restrained by
company's high leverage and complex capital structure. Pro forma
for the planned financing transactions, adjusted debt/EBITDA is
about 3.8x for LTM March 31, 2014.

If COO/SSE is able to successfully execute its planned growth
initiatives with third party customers and reduce its structural
complexity and financial leverage then the ratings could be
upgraded. Debt/EBITDA below 3x on a sustained basis could result
in a ratings upgrade. If the company's leverage were to
significantly increase because of weak operating performance or a
debt funded acquisition then the ratings could be downgraded.
Debt/EBITDA sustained above 4x could result in a ratings
downgrade.

Assignments:

Issuer: Chesapeake Oilfield Operating (to be renamed Seventy
        Seven Energy Inc.)

  Senior Unsecured Regular Bond/Debenture, Assigned B2, 89-LGD5

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

Chesapeake Oilfield Operating, L.L.C. is an oilfield service and
land drilling company based in Oklahoma City, Oklahoma. The
company will be renamed Seventy Seven Energy upon its planned
spin-off from Chesapeake Energy Corporation.


CHESAPEAKE OILFIELD: S&P Assigns 'B' Rating to $500MM Sr. Notes
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B'
issue-level rating and '6' recovery rating to Oklahoma City,
Okla.-based oilfield services company Chesapeake Oilfield
Operating LLC's (to be renamed Seventy Seven Energy Inc.) proposed
$500 million senior unsecured notes.  The '6' recovery rating
indicates S&P's expectation for negligible (0% to 10%) recovery in
the event of a payment default.  The proposed notes will be
structurally subordinated to the company's existing $650 million
unsecured notes due 2019 and the proposed $400 million term loan
(both held at operating subsidiary Seventy Seven Operating LLC).

The company will use the new debt proceeds to pay down amounts
outstanding under Chesapeake Oilfield's credit facility and for
general corporate purposes.

"Our 'BB-' corporate credit rating and stable outlook on
Chesapeake Oilfield Operating remain unchanged.  We assess the
business risk profile as "fair" and the financial risk profile as
"aggressive."  The stable outlook reflects our view that
Chesapeake Energy will remain the primary customer of Chesapeake
Oilfield until such time as Chesapeake Oilfield builds up its
third-party customer base, and that Chesapeake Oilfield will
maintain funds from operations (FFO) to debt in the 20% to 30%
range," S&P ssaid.

RATINGS LIST

Chesapeake Oilfield Operating LLC
Corporate credit rating                         BB-/Stable/--

New Rating
Chesapeake Oilfield Operating LLC
$500 million senior unsecured notes             B
Recovery rating                                6


CHEYENNE HOTELS: Hearing Today to Confirm Chapter 11 Plan
---------------------------------------------------------
The Bankruptcy Court approves Cheyenne Hotels, LLC's disclosure
statement in support of its second plan of reorganization filed on
April 11, 2014. Cheyenne may now solicit acceptances or rejections
of the plan.

Hearing for consideration of plan confirmation and any objections
to the plan will be held June 11, 2014, at 3:30 in the afternoon,
in Denver, Colorado.

On November 25, 2011, Cheyenne filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code, commencing its
bankruptcy case. The principal purposes of the filing were to
maintain control of Cheyenne's hotel and to provide a forum for
reorganizing its financial affairs.

During the course of the Chapter 11 case, Cheyenne was able to
negotiate terms for reorganization of its finances with Colorado
East Bank & Trust, accommodating Cheyenne's desire to retain
ownership of its hotel until a refinancing of the Colorado East
Bank & Trust claim could be effected upon favorable terms.

Accordingly, Cheyenne has drafted its proposed plan, incorporating
the terms agreed upon by Colorado East Bank & Trust.

                  Corrections to Chapter 11 Plan

Cheyenne Hotels, meanwhile, asks the Bankruptcy Court to approve
corrections to its second amended plan of reorganization and
disclosure statement.

Colorado East Bank & Trust, the Goforth creditors, HLT Existing
Franchise Holding LLC, and the U.S. Trustee all consent to the
corrections.

In the course of preparing the plan and disclosure statement for
service, Cheyenne discovered two errors in those documents:

   (a) Cheyenne had failed to delete some extraneous language on
       page 21 of the disclosure statement, as had been requested
       by Colorado East Bank & Trust; and

   (b) Cheyenne failed to recognize that an amendment that it has
       approved with the Goforth creditors regarding their claim
       had the unintended potential effect of causing substantial
       amount of payments to be applied as additional interest on
       that claim rather than being allocated between principal
      and interest.

Before service of the plan and disclosure statement, Cheyenne made
corrections to those documents. Cheyenne has also submitted a
corrected second amended plan of reorganization.

Thomas F. Quinn, Esq., at Denver, Colorado, explains that because
Cheyenne served the plan and disclosure statement with corrections
made, Cheyenne asks the Court to approve the service as satisfying
the requirements.

Chapter 11 of the United States Bankruptcy Code is designed to
allow for the rehabilitation and reorganization of financially
troubled entities or individuals. Chapter 11 allows a debtor to
retain its assets during administration of its Chapter 11 case as
a debtor-in-possession and following confirmation of a plan as a
reorganized debtor or as provided in the plan. Once confirmation
of a plan of reorganization is approved by the Court, the plan is
the permanent restructuring of the debtor's financial obligations.
The plan also provides a means through which the debtor will
restructure or repay its obligations.

Counsel for Cheyenne Hotels is:

     THOMAS F. QUINN, P.C.
     Thomas F. Quinn, Esq.
     1600 Broadway, Suite 2350
     Denver, CO 80202
     Telephone: (303) 832-4355
     Facsimile: (303) 672-8281
     E-mail: tquinn@tfqlaw.com

                      About Cheyenne Hotels

Cheyenne Hotels LLC, which owns and operates the Hampton Inn &
Suites in Colorado Springs, Colorado, filed for Chapter 11
bankruptcy (Bankr. D. Colo. Case No. 11-37518) on Nov. 25, 2011.
Judge A. Bruce Campbell presides over the case, taking over from
Judge Michael E. Romero. Thomas F. Quinn, Esq., at Thomas F. Quinn
PC, serves as the Debtor's counsel.

Cheyenne Hotels estimated $10 million to $50 million in both
assets and debts. The petition was signed by Tanveer Khan,
manager.

Affiliate Cheyenne Hotel Investments LLC filed for Chapter 11
bankruptcy protection (Bankr. D. Colo. Case No. 11-25379) on
June 28, 2011, disclosing assets of $12,912,702 and liabilities of
$8,074,325 as of the Petition Date.  Thomas F. Quinn, Esq., also
represents Hotel Investments.

Hotel Investments won confirmation of its own Chapter 11 plan on
Aug. 16, 2013.  A copy of the Third Amended Plan of Reorganization
dated Aug. 5, 2013, is available at no charge at:

      http://bankrupt.com/misc/CHEYENNEHOTEL_3rdAmdPlan.PDF

No committee of creditors or equity security holders has been
appointed in the Debtors' cases.

As reported by the Troubled Company Reporter on Jan. 6, 2014, the
U.S. Trustee for Region 19 is seeking dismissal of the Hotel LLC
case.  Daniel J. Morse, as Assistant U.S. Trustee, said Cheyenne
Hotels has been afforded the protections of the Bankruptcy Code
for over two years but has failed to confirm a Chapter 11 Plan.
Meanwhile, the bankruptcy estate continues to accrue
administrative expenses, including professional fees, which are
diminishing the bankruptcy estate.


CHEYENNE HOTELS: HLT Objects to Plan Confirmation
-------------------------------------------------
HLT Existing Franchise Holding LLC asks the Bankruptcy Court to
deny confirmation of Cheyenne Hotels LLC's plan of reorganization.

Steven T. Mulligan, Esq., at Bieging Shapiro & Barber LLP, in
Denver, Colorado, notes that in light of Cheyenne filing an
amended plan and two amended disclosure statements after entry of
the April 17th Bankruptcy Court order approving the disclosure
statement, it is unclear which plan it seeks to confirm.

Mr. Mulligan adds that while HLT believes it is not materially
affected by the changes made in the second amended chapter 11
plan, Cheyenne should be required to confirm on the record, and
HLT reserves the right to review and make further objections to,
any provisions of any proposed plan which affect the treatment of
HLT or are otherwise inconsistent with the provisions of the plan
filed on April 11, 2014.

According to Mr. Mulligan, Cheyenne's plan is unconfirmable as a
matter of law, citing that:

   (a) Cheyenne may not assume or assign the HLT lease agreement
       without HLT's consent;

   (b) Cheyenne must cure all defaults and provide HLT with
       adequate assurance for future performance;

   (c) The plan is not feasible if the lease agreement is
       rejected;

   (d) Any transferee must be approved by HLT; and

   (e) Proceeds of a sale must be sufficient to pay all
       obligations to Cheyenne.

HLT Existing Franchise is represented by:

      Duncan E. Barber, Esq.
      Steven T. Mulligan, Esq.
      BIEGING SHAPIRO & BARBER LLP
      4582 South Ulster St. Parkway, Suite 1650
      Denver, CO 80237
      Telephone: 720-488-0220
      Facsimile: 720-488-7711
      E-mail: dbarber@bsblawyers.com
              smulligan@bsblawyers.com

           - and -

      Paul J. Cordaro, Esq.
      CAMPBELL & LEVINE, LLC
      310 Grant Street
      1700 Grant Building
      Pittsburgh, PA 15219
      Telephone: 412-261-0310
      Facsimile: 412-261-5066
      Email: pjc@camlev.com

                      About Cheyenne Hotels

Cheyenne Hotels LLC, which owns and operates the Hampton Inn &
Suites in Colorado Springs, Colorado, filed for Chapter 11
bankruptcy (Bankr. D. Colo. Case No. 11-37518) on Nov. 25, 2011.
Judge A. Bruce Campbell presides over the case, taking over from
Judge Michael E. Romero. Thomas F. Quinn, Esq., at Thomas F. Quinn
PC, serves as the Debtor's counsel.

Cheyenne Hotels estimated $10 million to $50 million in both
assets and debts. The petition was signed by Tanveer Khan,
manager.

Affiliate Cheyenne Hotel Investments LLC filed for Chapter 11
bankruptcy protection (Bankr. D. Colo. Case No. 11-25379) on
June 28, 2011, disclosing assets of $12,912,702 and liabilities of
$8,074,325 as of the Petition Date.  Thomas F. Quinn, Esq., also
represents Hotel Investments.

Hotel Investments won confirmation of its own Chapter 11 plan on
Aug. 16, 2013.  A copy of the Third Amended Plan of Reorganization
dated Aug. 5, 2013, is available at no charge at:

      http://bankrupt.com/misc/CHEYENNEHOTEL_3rdAmdPlan.PDF

No committee of creditors or equity security holders has been
appointed in the Debtors' cases.

As reported by the Troubled Company Reporter on Jan. 6, 2014, the
U.S. Trustee for Region 19 is seeking dismissal of the Hotel LLC
case.  Daniel J. Morse, as Assistant U.S. Trustee, said Cheyenne
Hotels has been afforded the protections of the Bankruptcy Code
for over two years but has failed to confirm a Chapter 11 Plan.
Meanwhile, the bankruptcy estate continues to accrue
administrative expenses, including professional fees, which are
diminishing the bankruptcy estate.


CLAIRE'S STORES: North America President Quits
----------------------------------------------
Linda Filler, the president of Claire's North America for Claire's
Stores, Inc., resigned from employment with the Company, effective
June 2, 2014.  In connection with her resignation, Ms. Filler will
be entitled to the benefits provided for under her Employment
Agreement with Claire's Boutiques, Inc., dated Feb. 8, 2013, in
the case of a termination without cause.

                       About Claire's Stores

Claire's Stores, Inc. -- http://www.clairestores.com/-- operates
as a specialty retailer of fashion accessories and jewelry for
preteens and teenagers, as well as for young adults in North
America and internationally.  It offers jewelry products that
comprise costume jewelry, earrings, and ear piercing services; and
accessories, including fashion accessories, hair ornaments,
handbags, and novelty items.

Based in Pembroke Pines, Florida, Claire's Stores operates under
two brands: Claire's(R), which operates worldwide and Icing(R),
which operates only in North America.  As of Jan. 31, 2009,
Claire's Stores, Inc., operated 2,969 stores in North America and
Europe.  Claire's Stores also operates through its subsidiary,
Claire's Nippon, Co., Ltd., 213 stores in Japan as a 50:50 joint
venture with AEON, Co., Ltd.  The Company also franchises 198
stores in the Middle East, Turkey, Russia, South Africa, Poland
and Guatemala.

Claire's Stores disclosed net income of $1.28 million on $1.55
billion of net sales for the fiscal year ended Feb. 2, 2013, as
compared with net income of $11.63 million on $1.49 billion of net
sales for the fiscal year ended Jan. 28, 2012.

The Company's balance sheet at Nov. 2, 2013, showed $2.73 billion
in total assets, $2.81 billion in total liabilities and a $89.32
million stockholders' deficit.

                         Bankruptcy Warning

The Company said the following statement in its annual report for
the fiscal year ended Feb. 2, 2013.

"If we are unable to generate sufficient cash flow and are
otherwise unable to obtain funds necessary to meet required
payments of principal, premium, if any, and interest on our
indebtedness, or if we otherwise fail to comply with the various
covenants, including financial and operating covenants in the
instruments governing our indebtedness, we could be in default
under the terms of the agreements governing such indebtedness.  In
the event of such default:

   * the holders of such indebtedness may be able to cause all of
     our available cash flow to be used to pay such indebtedness
     and, in any event, could elect to declare all the funds
     borrowed thereunder to be due and payable, together with
     accrued and unpaid interest;

   * the lenders under our Credit Facility could elect to
     terminate their commitments thereunder, cease making further
     loans and institute foreclosure proceedings against our
     assets; and

   * we could be forced into bankruptcy or liquidation," according
     to the Company's annual report for the fiscal year ended
     Feb. 2, 2013.

                           *     *     *

As reported by the TCR on Oct. 1, 2012, Moody's Investors Service
upgraded Claire's Stores, Inc.'s Corporate Family and Probability
of Default ratings to Caa1 from Caa2.  The upgrade of Claire's
Corporate Family Rating to Caa1 reflects its ability to address
its substantial term loan maturity in 2014 by refinancing it with
a $625 million add-on to its existing senior secured first lien
notes due 2019.

Claire's Stores, Inc., carries a 'B-' corporate credit rating from
Standard & Poor's Ratings Services.


COLDWATER CREEK: Sycamore Partners Acquires Intellectual Property
-----------------------------------------------------------------
Sycamore Partners on June 9 disclosed that it has acquired the
Coldwater Creek brand and other intellectual property.  Sycamore
intends to re-launch Coldwater Creek as an independent portfolio
company.

"Coldwater Creek is an outstanding brand with a 30-year heritage
and strong support from its loyal base of longtime customers,"
said Peter Morrow, a Managing Director of Sycamore Partners.  "We
are excited about adding Coldwater Creek to our growing portfolio
of leading retail brands and look forward to reintroducing the
brand to the marketplace."

The intellectual property was purchased through Sycamore affiliate
CWC Direct LLC in conjunction with Coldwater Creek's ongoing
Chapter 11 proceedings in the U.S. Bankruptcy Court in Wilmington,
Delaware.  Additional information about the re-launch of Coldwater
Creek will be provided at a later date.

                       About Coldwater Creek

Coldwater Creek is a multi-channel retailer that offers its
merchandise through retail stores across the country, its catalog
and its e-commerce Web site, http://www.coldwatercreek.com/
Originally founded in Sandpoint, Idaho in 1984 as a direct,
catalog-based marketer, Coldwater evolved into a multi-channel
specialty retailer operating 334 premium retail stores, 31 factory
outlet stores and seven day spa locations throughout the United
States.

As of the bankruptcy filing, the Debtors domestically employ a
total of approximately 5,990 employees throughout their retail
locations, corporate headquarters and distribution, design and
call centers.

Coldwater Creek Inc. and its debtor-affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 14-10867) on
April 11, 2014, to liquidate their assets.

Coldwater Creek Inc. estimated $10 million to $50 million in
assets and $100 million to $500 million in liabilities.  Affiliate
Coldwater Creek U.S. Inc. estimated $100 million to $500 million
in assets and liabilities.

The Debtors have drawn $37.5 million and have approximately
$10 million in letters of credit outstanding under a senior
secured credit facility (ABL facility) provided by lenders led by
Wells Fargo Bank, National Association, as agent.  The Debtors
also owe $96 million, which includes accrued interest and
approximately $23 million representing a prepayment premium
payable, under a term loan from lenders led by CC Holding Agency
Corporation, as agent.  Aside from the funded debt, the Debtors
have accumulated a significant amount of accrued and unpaid trade
and other unsecured debt in the normal course of their business.

The Debtors have tapped Young Conaway Stargatt & Taylor, LLP, and
Shearman & Sterling LLP as attorneys, Perella Weinberg Partners LP
as financial advisor, Alvarez & Marsal as restructuring advisor,
and Prime Clerk LLC as claims and noticing agent.


COLORADO EDUCATIONAL: Moody's Affirms Ba2 Rating; Outlook Neg.
--------------------------------------------------------------
Moody's Investors Service affirms the Ba2 rating with negative
outlook on the Colorado Educational and Cultural Facilities
Authority, Colorado's Charter School Revenue Refunding and
Improvement Bonds (University Lab School Project), Series 2004
outstanding in the amount of approximately $16.8 million. The
revenue bonds are secured by annual appropriations made from
charter school revenues (primarily composed of state per pupil
allotment) that are paid directly to the trustee by the Colorado
State Treasurer pursuant to the Charter Intercept Statute.

Summary Rating Rationale

The Ba2 rating affirmation reflects a slight improvement to
coverage of debt service associated with the school's 2004
issuance calculated on a net basis; a long operating history and
strong structural features including direct payment of per-pupil
revenues to the trustee for debt service with the remaining
revenues going to the school for operations.

The negative outlook primarily reflects the school's recent
issuance of non-parity revenue bonds (Series 2012, not-rated by
Moody's) that are currently secured from per-pupil revenues
generated solely from a recently constructed middle school.
Moody's notes the refinancing risk associated with a large balloon
payment in 2017 presents some uncertainty as to improvement of
coverage for the 2004 bonds in the near-term. The school notes
there are tentative plans to refinance the 2012 bonds and possibly
consolidate all outstanding debt, compared to the separate
securities that currently exist.

Strengths

-- Strong demand as reflected in the school's growing enrollment
    and substantial waitlist

-- Direct payment of debt service to trustee

-- Long, established history providing education to students

Challenges

-- Issuance of non-parity debt introduced refinancing risk and
    increased administrative burden

-- Somewhat low levels of cash

-- Low debt service coverage levels

What Could Make The Rating Move Up (Remove the negative outlook)

-- Trend of significant growth in enrollment at the existing
    facility

-- Maintenance of healthy liquidity levels and strong coverage
    of debt service by net revenues

What Could Make The Rating Move Down

-- Trend of declining student enrollment or state-level per-
    pupil funding

-- Significant deterioration in the school's available cash and
    coverage of debt service by net revenues

The principal methodology used in this rating was Charter Schools
published in November 2006.


CONSULT CARE: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Consult Care, Inc.
        221 Hobbs St., #101
        Tampa, FL 33619

Case No.: 14-06657

Nature of Business: Health Care

Chapter 11 Petition Date: June 9, 2014

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Debtor's Counsel: Scott A. Stichter, Esq.
                  STICHTER, RIEDEL, BLAIN & PROSSER, P.A.
                  110 E. Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel: 813-229-0144
                  Fax: 813-229-1811
                  Email: sstichter.ecf@srbp.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Joanna T. Mulder, president.

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


CUBIC ENERGY: Six Directors Elected at Annual Meeting
-----------------------------------------------------
Cubic Energy, Inc., held its annual meeting of shareholders on
June 6, 2014, at which the shareholders:

   (1) elected Calvin A. Wallen, III, Gene C. Howard, Bob L.
       Clements, Jon S. Ross, David B. Brown and Paul R. Ferretti
       as directors to serve until the Company's next annual
       meeting and until their respective successors have been
       elected and qualified;

   (2) approved an amendment to the Company's Amended and Restated
       Certificate of Formation to increase the number of
       authorized shares of common stock from 200,000,000 to
       400,000,000; and

   (3) approved, on an advisory basis, named executive officer
       compensation.

                       Amends Form 10-K Report

The Company filed an amendment No. 3 to its annual report on Form
10K/A to amend (i) Part I, Item 1 - Business - Productive Wells
and Acreage and (ii) Note J - Oil and gas reserves information in
the Notes to Financial Statements, a copy of which is available
for free at http://is.gd/qGe1Yy

                       Amends Current Report

As reported by the Company in a Form 8-K on Sept. 27, 2013, the
Company consummated these transactions:

   (i) the acquisition from Gastar Exploration Texas, LP, of
       proven reserves, oil & natural gas production and
       undeveloped leasehold interests in Leon and Robertson
       Counties, Texas;

  (ii) the acquisition from Navasota Resources, Ltd., LLP
       of proven reserves, oil & natural gas production and
       undeveloped leasehold interests in Leon and Robertson
       Counties, Texas; and

(iii) the acquisition from Tauren Exploration, Inc., of well
       bores, proven reserves, oil and natural gas production and
       undeveloped leasehold interests in the Cotton Valley
       formation in DeSoto and Caddo Parishes, Louisiana.

The Company amended the Report to, among other things, file
financial statements of the businesses acquired.  A copy of the
statement of revenues and direct operating expenses of the
acquired properties is available for free at http://is.gd/8VfcXg

              Amends Form S-1 Registration Statement

Cubit Energy amended its prospectus relating to the resale by
Anchorage Illiquid Opportunities Offshore Master III, L.P., AIO
III AIV 3, LLC, Corbin Opportunity Fund, L.P., et al., of
98,751,823 shares of the Company's common stock issuable upon the
exercise of warrants to purchase shares of the Company's common
stock.  The Company will not receive any of the proceeds from the
resale of shares offered by the selling shareholders under this
prospectus.  The Company's common stock is traded on the OTCQB
Tier of the U.S. OTC Markets under the symbol "CBNR."  On June 4,
2014, the last reported sale price of the Company's common stock
was $0.18 per share.  A full-text copy of the Form S-1/A is
available for free at http://is.gd/GPkw0b

                        About Cubic Energy

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

Cubic Energy incurred a net loss of $5.93 million for the year
ended June 30, 2013, a net loss of $12.49 million for the year
ended June 30, 2012, and a net loss of $10.28 million for the year
ended June 30, 2011.   As of March 31, 2014, the Company had
$134.14 million in total assets, $141.96 million in total
liabilities, $988 in redeemable common stock and a $7.81 million
total stockholders' deficit.


DARA PETROLEUM: Case Summary & 3 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Dara Petroleum, Inc.
           DBA Watt Avenue Exxon;
           DBA Watt Avenue American
        55 Oak Court, Suite 100
        Danville, CA 94526

Case No.: 14-42507

Chapter 11 Petition Date: June 9, 2014

Court: United States Bankruptcy Court
       Northern District of California (Oakland)

Judge: Hon. Elaine Hammond

Debtor's Counsel: Noel Knight, Esq.
                  LAW OFFICES OF NOEL KNIGHT
                  2616 Harrison St. #1
                  Oakland, CA 94612
                  Tel: (510)435-9210
                  Email: noelknight@yahoo.com
                         lawknight@hotmail.com

Total Assets: $0

Total Liabilities: $1.47 million

The petition was signed by Sarbjit Kang, president.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/canb14-42507.pdf


DEE ALLEN: Court Okays Settlement with Investors in Ponzi Scheme
----------------------------------------------------------------
The Bankruptcy Court for the District of Utah has approved the
Chapter 11 Trustee Gil A. Miller's Settlement Agreement with
investors Sharman and Linda Pitcher in the Dee Allen Randall, et
al Chapter 11 case.

The settlement centers around the estate's fraudulent transfer
claims against investors related to investments with one or more
of the Debtors as well as the investors' receipt of excess profits
resulting from those investments.  The claims will be resolved by
the investors' making a $3,000 lump sum payment to the estate.
The Trustee contends that the Debtors were engaged in a Ponzi
scheme.

Prior to the filing of the Chapter 11 petition, the investors paid
the Debtors pursuant to promissory notes, and consequently
received money in excess of the principle investments.  The
investors received excess profits of $111,515.95.  According to
the Trustee, the investors do not appear solvent and have hired
counsel to file a Chapter 7 petition if the claims cannot be
resolved by this settlement.  The Trustee argues that the proposed
settlement satisfies the factors enumerated in In re Kopexa, 213
B.R. 1020, 1022 (10th Cir. B.A.P. 1997), which are:

     (1) the estate's probability of success in litigation;
     (2) difficulties that may be encountered with collection;
     (3) complexities and expenses of litigation; and
     (4) the interests of the creditors.

There were no objections to the Trustee's motion, and the Court
found the settlement to be in best interest of the estate and
creditors.

                      About Dee Allen Randall

Dee Allen Randall in Kaysville, Utah, filed for Chapter 11
bankruptcy (Bankr. D. Utah Case No. 10-37546) on Dec. 20, 2010, to
forestall creditors while he reorganized his finances.  His
companies include Horizon Mortgage & Investment, Horizon Financial
& Insurance Group and Horizon Auto Funding.  Judge Joel T. Marker
presides over the bankruptcy case.  In his petition, Mr. Randall
estimated $10 million to $50 million in assets and $1 million to
$10 million in debts.

Mr. Randall claims he was conducting a "legal Ponzi scheme," but
authorities are investigating him for possible violations of the
law in an operation that took in $65 million from 700 or so
investors.

Gil A. Miller was appointed as Chapter 11 trustee for Mr.
Randall's bankruptcy estate.

On Oct. 12, 2011, Mr. Miller placed Mr. Randall's corporate
entities -- Horizon Auto Funding, LLC, Independent Commercial
Lending LLC, Horizon Financial Center I LLC, Horizon Mortgage and
Investment Inc. and Horizon Financial & Insurance Group Inc. -- in
bankruptcy by filing separate Chapter 11 petitions (Bankr. D. Utah
Case Nos. 11-34826, 11-34830, 11-34831, 11-34833 and 11-34834).

Judge Joel T. Marker presides over the 2010 and 2011 cases.
Michael R. Johnson, Esq., Brent D. Wride, Esq., and David H.
Leigh, Esq., at Ray Quinney & Nebeker P.C., serve as counsel to
the Chapter 11 Trustee.  The cases are substantively consolidated
under Case No. 10-37546.  Reid Collins & Tsai LLP represents the
Chapter 11 Trustee as special litigation counsel.  Fabian &
Clendenin represents the Chapter 11 Trustee as special counsel.

                           *     *     *

In 2013, Gil A. Miller, Chapter 11 trustee of the substantively
consolidated Chapter 11 estates of Dee Allen Randall, and other
affiliated debtors, has won confirmation of the Chapter 11 plan
for the Debtors despite opposition by Union Central Life Insurance
Company.  Judge Joel T. Marker confirmed the Chapter 11 Trustee's
Liquidating Plan of Reorganization dated Sept. 9, 2013, after
finding that all of the applicable requirements for confirmation
set forth in 11 U.S.C. Sec. 1129 and all other legal requirements
have been satisfied concerning the Plan.


DELTEK INC: Moody's Raises Corporate Family Rating to 'B2'
----------------------------------------------------------
Moody's Investors Service upgraded Deltek, Inc.'s corporate family
rating to B2 from B3. Moody's also upgraded its probability of
default rating to B2-PD from B3-PD and upgraded its second lien
debt to Caa1 from Caa2. The first lien debt, which is being
upsized by approximately $55 million to finance the Axium Holdco,
Inc. acquisition, was affirmed at B1. The ratings outlook is
stable.

Ratings Rationale

The corporate family rating upgrade to B2 reflects the
demonstrated improvement in revenues, EBITDA and free cash flow
since the going private transaction in late 2012. Though
government budgetary curtailments had an impact during this
period, the impact was temporary and Deltek's non-government
business has continued to thrive. While leverage remains very high
(approximately 7x pro forma for Axium acquisition), pro forma free
cash flow to debt is approximately 6% and in-line with other B2
rated software companies. The ratings also consider the entrenched
position of Deltek's software products in the government market
and leading position in numerous professional services industries
including architecture and engineering firms, accounting firms, ad
agencies and consulting firms.

Moody's expect the company will continue to be acquisitive and
future large debt financed acquisitions could negatively impact
ratings. Additional debt financed shareholder distributions or
deterioration in performance could also lead to a ratings
downgrade (Deltek paid a sizeable distribution to private equity
owner Thoma Bravo in 2013 and other shareholders). Though unlikely
in the near term, the ratings could be upgraded if leverage is
expected to remain below 5x.

Liquidity is reduced as a result of the Axium acquisition but
still good based on an estimated $38 million in cash, $10 million
of availability under a $30 million revolver and expectation of
continued healthy free cash flow.

Upgrades:

Issuer: Deltek, Inc.

Corporate Family Rating, Upgraded to B2 from B3

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

Second Lien Senior Secured Bank Credit Facility Oct 10, 2019,
Upgraded to Caa1 from Caa2

Affirmations:

Issuer: Deltek, Inc.

First Lien Senior Secured Bank Credit Facility Feb 8, 2018,
Affirmed B1,

First Lien Senior Secured Bank Credit Facility Feb 8, 2017,
Affirmed B1

First Lien Senior Secured Bank Credit Facility Oct 10, 2018,
Affirmed B1

Outlook Actions:

Issuer: Deltek, Inc.

Outlook, Remains Stable

The principal methodology used in this rating/analysis was the
Global Software Industry published in October 2012. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.

Headquartered in Herndon, Virginia, Deltek is a producer of
project focused enterprise software for government contracting and
professional service end-markets. Deltek had approximately $381
million in GAAP revenue for the last twelve months ended March 31,
2014.


DETROIT, MI: 27-Day Trial on Debt Plan to Begin Aug. 14
-------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Detroit's 27-day trial for approval of the city's
debt-adjustment plan will begin Aug. 14 and conclude by Sept. 23,
under a revised scheduled approved by U.S. Bankruptcy Judge Steven
Rhodes.

The deadline for creditors to vote is July 11, while the vote
tally will be published July 21, the report said.  Examinations of
witnesses under oath end Aug. 4, with pretrial briefs filed
Aug. 8, the report related.  There will be pretrial conferences
on June 26, July 14 and Aug. 12, the report further related.

                  About City of Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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


DETROIT, MI: 27-Day Trial on Debt Plan to Begin Aug. 14
-------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Detroit's 27-day trial for approval of the city's
debt-adjustment plan will begin Aug. 14 and conclude by Sept. 23,
under a revised scheduled approved by U.S. Bankruptcy Judge Steven
Rhodes.

The deadline for creditors to vote is July 11, while the vote
tally will be published July 21, the report said.  Examinations of
witnesses under oath end Aug. 4, with pretrial briefs filed
Aug. 8, the report related.  There will be pretrial conferences
on June 26, July 14 and Aug. 12, the report further related.

                  About City of Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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


DIGERATI TECHNOLOGIES: Wants Plan Denial Opinion Amended
--------------------------------------------------------
Debtor Digerati Technologies, Inc., filed with the U.S. Bankruptcy
Court for the Southern District of Texas a motion to amend factual
findings in the memorandum opinion regarding denial of its Second
Amended and Restated Plan of Reorganization.

The Debtor says that since the Memorandum Opinion sets forth
specific factual findings which conflict with evidence introduced
for the confirmation of the Plan and relates to disputes reserved
for arbitration under the bankruptcy settlement agreement, the
Debtor requests that the factual findings be amended.

A copy of the motion is available for free at http://is.gd/s8yhCn

Deirdre Carey Brown, Esq., at Deirdre Carey Brown, counsel for the
Debtor, avers that contrary to the ballot tabulation for the Plan,
the Memorandum Opinion reasserts factual findings that Recap is a
shareholder and "legitimate holder" of Digerati stock.  Further,
the Debtor asserts that the nature of the alleged ownership of
Digerati common stock by Recap Marketing & Consulting, LLC, and
Rainwater Ventures II, Ltd., is to be decided by the arbitrator
under the bankruptcy settlement agreement in the event of a
dispute.

The Debtor requests that the Court amend the factual findings that
allege Recap and Rainwater own common stock in the Debtor.
According to the Debtor, there was no evidence that Recap owns
common stock in the Debtor.  Recap, says the Debtor, is an entity
that allegedly had an equity interest in Digerati shares issued to
other parties.  At the time of the confirmation hearing on the
Plan, a dispute regarding Recap's interest in Digerati stock was
the subject of a state court lawsuit.  Recap was continuing to
defend its alleged interest in the Recap case while the bankruptcy
went forward.

The Debtor acknowledges that shares were issued to Donald W.
Sapaugh and Hunter Carr related to contracts with the Debtor where
Messrs. Sapaugh and Carr were co-consultants with Recap.   The
shares issued to Messrs. Sapaugh and Carr are reflected on the
Debtor's equity list.  Mr. Carr waived any equity interest in the
Debtor.

The Debtor claims that a confidential settlement was apparently
agreed to by Mr. Sapaugh, Mr. Carr and Recap in the Recap case,
but the Debtor was not provided a copy of the settlement
agreement.  Any dispute over what equity interests Recap has in
Digerati are reserved to arbitration under the bankruptcy
settlement agreement.  A dispute is currently pending before the
arbitrator and was pending at the time the Memorandum Opinion was
entered.

The Memorandum Opinion refers to Rainwater, but the party involved
in this case is Rainmaker Ventures II, Ltd., not Rainwater, the
Debtor says.  Rainmaker is an entity controlled by Mr. Carr.  At
the time of the plan confirmation, Rainmaker was involved in
litigation with Mr. Sapaugh.  "From the record of the case, it
appears that the parties are still involved in a dispute but that
dispute is now before an arbitrator.  The motion related to the
arbitration are filed under seal in the Rainmaker case," the
Debtor states.

The Debtor acknowledges that its equity list shows that Rainmaker
and WEM Equity Capital Investments, LTD, are listed as record
shareholders of old Digerati stock which the Debtor contends
needed to be submitted to the transfer agent to deal with the
reverse split applicable to all common stock.  No evidence was
presented that either WEM or Rainmaker were present holders of
shares.

The Debtor requests that the Court amend the reference to the "Two
Shareholders" in the Memorandum Opinion to reflect that WEM and
Rainmaker are listed on the Debtor's equity list as record owners
of old Digerati shares.  The Debtor further requests the
Memorandum Opinion be amended to strike this finding: "The Two
Shareholders are, without dispute, legitimate holders of the
Debtor's stock, and . . ."

The Memorandum Opinion also reflects that Arthur Smith and Antonio
Estrada are shareholders of the Debtor.  Messrs. Smith and Estrada
have beneficial ownership of common stock shares held in a
brokerage account, but they are not the record shareholders of
common stock.  The Memorandum Opinion states that Messrs. Smith
and Estrada are "holders of stock" in the Debtor.  The Debtor says
that Messrs. Smith and Estrada do not physically have any common
stock certificates and any preferred stock interests were released
pursuant to the bankruptcy settlement agreement.  The Debtor
requests that the Memorandum Opinion incorporate this
clarification.

           Hearing to Approve Winning Bidder Cancelled

On May 16, 2014, the Hon. Jeff Bohm of the U.S. Bankruptcy Court
for the Southern District of Texas cancelled the May 28, 2014
hearing to consider the approval of the notice of William R.
Greendyke, in his capacity as trustee of the Hurley Enterprises,
Inc./Dishon Disposal, Inc. Grantor Trust Agreement, on the
selection of successful bidder.  Upon the Trustee's rescheduling
of the auction date regarding the Debtor's equity interest in
Dishon and providing notice thereof as required in the bid
procedures order, the Trustee will communicate with the Court and
all relevant parties and file with the Court the necessary
documents to reschedule the cancelled hearing.

As reported by the Troubled Company Reporter on May 1, 2014, the
Court approved amended bidding procedures for the auction and sale
of Hurley and Dishon.  The Debtor's Plan provides for the sale of
the Debtor's 100% stock ownership interests in the two oilfield
services subsidiaries to eliminate approximately
$63 million in debt and emerge from Chapter 11 Bankruptcy as a
"leaner" reorganized company that will continue its cloud
communication business.

Parties desiring to participate in the auction relating to Dishon
was given: (i)until May 15, 2014, to submit stalking horse bids,
and (ii) until May 16, 2014, to submit qualified bids.  The
auction sale of the stock of Dishon was scheduled for May 22,
2014.

The Court entered on April 25, 2014, orders scheduling for:
(i) May 28, 2014, the hearing to consider approval of the
Trustee's notice of selection of successful bidder at the auction
of the Debtor's interests in Dishon, which was scheduled for
May 22, 2014; and (ii) July 1, 2014, the hearing to consider the
approval of the Trustee's notice of selection of successful bidder
at the auction of the Debtor's interests in Hurley, scheduled for
June 24, 2014.

On May 14, 2014, the Trustee filed a notice stating that the
deadline for submitting stalking horse bids relating to Digerati's
auction of equity interests in Dishon was postponed by two weeks
to May 29, 2014.  The rescheduled deadline to submit stalking
horse bids was May 29, 2014.  The postponement, according to the
Trustee, would allow him additional time to address certain
questions asked and requests made by prospective stalking horse
bidders and qualified bidders.

The Hurley Trustee is represented by:

      FULBRIGHT & JAWORSKI LLP
      John D. Cornwell, Esq.
      Mark A. Worden, Esq.
      1301 McKinney, Suite 5100
      Houston, Texas 77010-3095
      Tel: (713) 651-5151
      Fax: (713) 651-5246
      E-mail: john.cornwell@nortonrosefulbright.com
              mark.worden@nortonrosefulbright.com

                 About Digerati Technologies, Inc.

Digerati Technologies, Inc., filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 13-33264) in Houston, on May 30, 2013.
Digerati -- http://www.digerati-inc.com-- is a diversified
holding company which owns operating subsidiaries in the oil field
services and the cloud communications industry.  Digerati and its
subsidiaries maintain Texas Offices in San Antonio and Houston.
The Debtor has no independent operations apart from its
subsidiaries.

The Debtor's subsidiaries include Shift 8 Networks, a cloud
communication service, Hurley Enterprises, Inc., and Dishon
Disposal, Inc., both oil field services companies.

The Debtor disclosed $60 million in assets and $62.5 million in
liabilities as of May 29, 2013.

Bankruptcy Judge Jeff Bohm oversees the case.  Deirdre Carey
Brown, Esq., Annie E. Catmull, Esq., Melissa Anne Haselden, Esq.,
Mazelle Sara Krasoff, Esq., and Edward L Rothberg, at Hoover
Slovacek, LLP, in Houston, represent the Debtor as counsel.  The
Debtor tapped Gilbert A. Herrera and Herrera Partners as the
investment banker.

Earlier in the case, Rhode Holdings, LLC, sought the transfer of
venue of Digerati's Chapter 11 case to the U.S. Bankruptcy Court
for the Western District of Texas, San Antonio Division.  The
case, however, remained in Houston Bankruptcy Court.


DOLAN CO: Bankruptcy Court Confirms Prepackaged Chapter 11 Plan
---------------------------------------------------------------
The Dolan Company and its subsidiaries on June 9 disclosed that
the United States Bankruptcy Court for the District of Delaware
has confirmed their prepackaged chapter 11 plan of reorganization.
Confirmation of the plan of reorganization is a critical step
toward the Company's emergence from bankruptcy, which the Company
anticipates will occur later this week.

Under the plan of reorganization, the Company's secured lenders
will become the owner of The Dolan Company and The Dolan Company's
e-discovery business, DiscoverReady LLC, each of which will be
operated as separate and distinct entities.  Investment funds
managed by Bayside Capital, Inc. will be the majority owner.
Bayside Capital is an affiliate of H.I.G. Capital, a leading
global private investment firm with more than $15 billion of
equity capital under management.  Upon emergence from bankruptcy,
the Company's preferred and common stock will be cancelled.

The confirmed plan of reorganization will allow the filing
subsidiaries of the Company to deleverage their capital structure
by reducing their projected secured debt obligations by over $100
million to approximately $50 million.  In transactions related to
the plan, the Company's secured lenders will refinance
DiscoverReady's capital structure with a $10 million unfunded
secured revolving facility.  Importantly, the Company will
continue to provide its usual, high-quality services and products
to its customers and to pay trade creditors in the ordinary course
of business.

Emergence from bankruptcy will represent the culmination of a
comprehensive balance-sheet restructuring with the Company's
secured lenders that, among other things, significantly improves
the Company's capital structure and establishes DiscoverReady as a
separate and independently managed operating company.

"Confirmation of the plan is a key step in unlocking the Company's
businesses from the weight of debt associated with the Company's
former mortgage foreclosure processing businesses," said
Kevin Nystrom, the Company's chief restructuring officer.
"Emergence from bankruptcy, which we expect to occur later this
week, will be the capstone of the Company's efforts to secure a
bright future for the Company and its customers, employees, and
vendors," he said.

In connection with confirmation of the plan of reorganization, the
Court approved a settlement between the Company and the Official
Committee of Equity Security Holders appointed in the Company's
chapter 11 cases.  Pursuant to the settlement, the Company will
transfer approximately $3.2 million comprised of cash and a note
receivable to a trust established for the benefit of holders of
the Company's preferred and common stock.  Approximately 20
percent of the proceeds of the trust will subsequently be
distributed pro rata to holders of the Company's preferred stock;
the balance will be distributed pro rata to holders of the
Company's common stock.

                     About The Dolan Company

Minneapolis, Minn.-based The Dolan Company (OTC:DOLN) and its
subsidiaries provide professional services and business
information to the legal, financial and real estate sectors.

The Dolan Company and several affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Case Nos. 14-10614 to
14-10637) on March 23, 2014.  The Company has said it expects to
emerge from bankruptcy within two months.

Judge Brendan L. Shannon oversees the cases.  Marc Kieselstein,
P.C., Jeffrey D. Pawlitz, Esq., and Joseph M. Graham, Esq., at
Kirkland & Ellis LLP, serve as the Debtors' counsel.  Timothy P.
Cairns, Esq., Laura Davis Jones, Esq., and Michael Seidl, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.

Kevin Nystrom serves as the Company's chief restructuring officer.
Faegre Baker Daniels LLP serves as the Debtors' special counsel;
Peter J. Solomon Company serves as financial advisors; and
Kurtzman Carson Consultants, LLC, serves s noticing and balloting
agent.  Deloitte Tax LLP serves as tax advisors.  Zolfo Cooper LLC
also serves as advisors.

Dolan listed $236.2 million in total assets and $185.9 million in
total debts at Sept. 30, 2013.  The petitions were signed by Vicki
J. Duncomb, authorized signatory.

Global investment management firm T. Rowe Price Associates, Inc.,
owns nearly 10% of the company's stock, while James Dolan owns
6.8%.

Dolan's e-discovery business, DiscoverReady LLC, did not file a
chapter 11 petition and its operations will not be affected by the
chapter 11 process.

On March 18, 2014, Dolan and its lenders and certain of its swap
counterparties executed a restructuring support agreement that
sets forth the material terms of the chapter 11 restructuring and
secures the support of the secured creditors for that process. In
accordance with the RSA, the Company commenced solicitation for
votes on the chapter 11 plan from secured creditors, the only
parties entitled to vote under the plan of reorganization.

The chapter 11 plan contemplates that the secured lenders will
become the owner of DiscoverReady and The Dolan Company upon the
completion of the restructuring process and each business will be
operated as separate and distinct entities.  Investment funds
managed by Bayside Capital, Inc. will become the majority owner of
DiscoverReady and The Dolan Company.  Bayside Capital is an
affiliate of H.I.G. Capital, a global private investment firm with
more than $15 billion of equity capital under management.

The chapter 11 plan process will allow the filing subsidiaries of
the Company to deleverage its capital structure by reducing its
projected secured debt obligations from approximately $170 million
to approximately $50 million.  The RSA also secures support from
the lenders to refinance DiscoverReady's capital structure with a
$10 million unfunded secured revolving facility.  The existing
preferred and common shares will be cancelled and will not receive
a recovery in the chapter 11 plan.  After emergence from
bankruptcy, both The Dolan Company and DiscoverReady LLC will be
privately held companies.

The lenders are to provide a $10 million DIP loan to fund the cash
needs of the Company and DiscoverReady through the reorganization
process.

Bayside Capital is represented in the case by Akin Gump Strauss
Hauer & Feld LLP's Michael S. Stamer, Esq., and Sarah Link
Schultz, Esq.

An Official Committee of Equity Security Holders is represented by
Neil B. Glassman, Esq., GianClaudio Finizio, Esq., and Justin R.
Alberto, Esq., at Bayard, P.A., in Wilmington, Delaware; Robert J.
Stark, Esq., at Brown Rudnick LLP, in New York; and Steven B.
Levine, Esq., at Brown Rudnick LLP, in Boston, Massachusetts.

The Debtors have filed a request to disband the Equity Committee,
given the "hopeless insolvency" of their estates.


E H MITCHELL: Fights Reginald J. Laurent's Motion to Dismiss Case
-----------------------------------------------------------------
E. H. Mitchell & Company LLC and Ezkovich & Co., LLC, a member of
the committee of unsecured creditors of the Debtor filed with the
U.S. Bankruptcy Court for the Eastern District of Louisiana
objections to creditor Reginald J. Laurent's motion to dismiss the
Debtor's Chapter 11 case.

As reported by the Troubled Company Reporter on June 4, 2014, Mr.
Laurent claims that the Chapter 11 petition was filed in bad faith
and requests that the Court dismiss the bankruptcy case.  Mr.
Laurent claims that, among other things: (i) the Debtor has only
one asset; (ii) there are few unsecured creditors, and their
claims are small in comparison to those of secured creditor; and
(iii) the Debtor has no employees.  Mr. Laurent contended that the
Debtor's bankruptcy filing was merely a litigation strategy, and
that the case is a two-party dispute that should be resolved
outside of bankruptcy.

The Debtor claims in a court filing dated June 9, 2014, that Mr.
Laurent does not want to have his attorney's fees determined by
any judge other than ad hoc Judge Jerome Winsberg.  He has
previously filed motions seeking to remand, abstain and lift the
stay in order for the Court to push the matters back to state
court.  According to the Debtor, the motion presently before the
Court is an attempt to have his fees determined in the state court
forum and before his preferred judge.

The Debtor says that Mr. Laurent brings the motion after a series
of attempts to have the federal bankruptcy proceedings remanded to
the state court for determination of a two party dispute while
ignoring all the other parties included by statute in the
bankruptcy proceedings.

In a June 9, 2014 court filing, Ezkovich states that at the time
of filing the Petition, the Debtor lacked the cash resources to
pay: (i) Ezkovich's $109,000 claim; (ii) Rickert and Company,
LLC's more than $116,000 claim; (iii) CMC's more than $40,000
claim; (iv) Mr. Laurent's almost $250,000 claim, to the extent Mr.
Laurent has a valid claim for money, which is contested by the
Debtor; and (v) single secured creditor First National Bank of
Picayune, which has a mortgage encompassing approximately 152
acres of the approximately 871 acres owned by the Debtor (contrary
to Mr. Laurent's assertion that First National Bank of Picayune's
mortgage encumbers the entirety of the Debtor's property).

Ezkovich considered the involuntary bankruptcy of the Debtor due
to the Debtor's dire financial situation and the extended delays
that were expected due to the invalid assertion of a nebulous
"lien" by Mr. Laurent that prevented, on the eve of closing,
the execution of a secured loan by the Debtor that would have
satisfied all of the claims of the unsecured creditors.

Ezkovich says that the sooner Mr. Laurent's dispute is
adjudicated, the sooner the other parties can have their claims
paid.  "There is a single impediment to reorganizing this estate,
and that is the undocumented claim by Laurent for an additional
$243,000 in hourly-rate legal fees and/or a contingency interest
in an uncollectible judgment.  When Laurent claims that the Debtor
has not begun paying secured creditors (that is, Laurent) within
90 days of filing the petition, he omits reference to the fact
that he is engaged in contentious litigation over whether he has
any claim at all, much less a secured claim.  It would be entirely
inappropriate for the Debtor to pay an invalid debt with an
invalid security interest.  The court system will determine
whether Laurent has a valid claim and whether it is a secured
claim," Ezkovich states.

Ezkovich can be reached at:

          Ezkovich & Co., LLC
          Alan D. Ezkovich, Esq.
          Aaron J. Weidenhaft, Esq.
          650 Poydras Street, Suite 1220
          New Orleans, Louisiana 70130
          Tel: (504) 593-9899
          Fax: (504) 593-9048
          E-mail: Alan.Ezkovich@EzkovichLaw.com
                  Aaron.Weidenhaft@EzkovichLaw.com

               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.


EDENOR SA: Ordered to Increase Employees' Salaries by 10-15%
------------------------------------------------------------
Edenor S.A. has been notified of S.T. Resolution No. 836/2014
passed by the Ministry of Labor, Employment and Social Security.
As per the Resolution, the Labor Secretariat ruled that the
Company, together with other energy distribution and generation
companies, as from May 1, 2014, must apply to its payroll
employees represented by the Light and Power Workers' Union
(Sindicato de Luz y Fuerza) in the City of Buenos Aires, an
increase equal to fifteen percent (15 percent) on salaries current
as of April 2014, and as from July 1, 2014, an increase equal to
ten percent (10 percent) on salaries current as of May 2014; both
increases further apply to the Company's contractor companies
whose employees are covered by said union's collective bargaining
agreements.  Salaries resulting from the application of said
increases will be effective from May 1, 2014, until April 30,
2015.  In addition, as from May 1, 2014, the Company must increase
the seniority-based percentage, and must also increase the
additional payment to employees working on a calendar week basis.

The Company is analyzing, with its legal and financial advisors,
the economic-financial impact of the Resolution and best course of
action to deal with it.

                          About Edenor SA

Headquartered in Buenos Aires, Argentina, Edenor S.A. (NYSE: EDN;
Buenos Aires Stock Exchange: EDN) is the largest electricity
distribution company in Argentina in terms of number of customers
and electricity sold (both in GWh and Pesos).  Through a
concession, Edenor distributes electricity exclusively to the
northwestern zone of the greater Buenos Aires metropolitan area
and the northern part of the city of Buenos Aires.

Edenor SA reported profit of ARS 772.7 million on ARS 3.44 billion
of revenue from sales for the year ended Dec. 31, 2013, as
compared with a loss of ARS 1.01 billion on ARS 2.97 billion of
revenue from sales in 2012.  Edenor reported a net loss of
ARS 291.38 million in 2011.

As of March 31, 2014, the Company had ARS 7.56 billion in total
assets, ARS 7.12 billion in total liabilities and ARS 437.73
million in total equity.


EDURO NETWORKS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Eduro Networks, Inc.
        234 Arcadia Road
        Goshen, NY 10924

Case No.: 14-36193

Chapter 11 Petition Date: June 9, 2014

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

Judge: Hon. Cecelia G. Morris

Debtor's Counsel: Thomas Genova, Esq.
                  Andrea B. Malin, Esq.
                  GENOVA & MALIN, ATTORNEYS
                  Hampton Business Center
                  1136 Route 9
                  Wappingers Falls, NY 12590-4332
                  Tel: (845) 298-1600
                  Fax: (845) 298-1265
                  Email: genmallaw@optonline.net

Total Assets: $1.57 million

Total Liabilities: $311,056

The petition was signed by Joseph Betro, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nysb14-36193.pdf


EMANUEL COHEN: Wants Joint Administration with 2 Companies
----------------------------------------------------------
Emanuel L Cohen and two companies, D.I.T. Inc., and Salon's Best,
Inc., filed Chapter 11 bankruptcy petitions at West Palm Beach,
Florida, on June 6, 2014.

The Debtors say they should be jointly administered because they
are all affiliated with each other.  Mr. Cohen is the president
and the principal of DIT and Salon's Best.

The Debtors are seeking joint administration of their Chapter 11
cases under the first-filed case, which is Cohen's (Bankr. S.D.
Fla. Lead Case No. 14-23125).

DIT, a broker, disclosed $12 million in assets and debt.  Salon's
Best, which is in the business of Internet sales, also disclosed
$12 million in assets and debt.

Cohen' case is presided over by Judge Erik P. Kimball in the West
Palm Beach Division, in Florida.  The Debtors accordingly have
sought an intra-district transfer for DIT from the Fort Lauderdale
Division to the West Palm Beach Division, specifically to Judge
Kimball.

Kenneth S. Rappaport, Esq., at Rappaport Osborne & Rappaport, PL,
in Boca Raton, Florida, serves as counsel to the Debtors.


EMANUEL COHEN: Proposes Rappaport Osborne as Counsel
----------------------------------------------------
Emanuel L Cohen and his two companies seek approval from the
bankruptcy court to employ Kenneth S. Rappaport, Esq., and the law
firm of Rappaport Osborne & Rappaport, PL, as bankruptcy counsel.

The firm has agreed to:

  (a) give advice to the Debtors with respect to their powers and
duties as a Debtor-in-possession and the continued management of
their business operations;

  (b) advise the Debtors with respect to their responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;

  (c) prepare motions, pleadings, orders, applications, adversary
proceedings, and other legal documents necessary in the
administration of the case;

  (d) protect the interest of the Debtor in all matters pending
before the court;

  (e) represent the Debtor in negotiation with their creditors in
the preparation of a plan.

To the best of the Debtors' knowledge, neither the attorney nor
the law firm has any connection with the creditors or other
parties in interest or their respective attorneys.  Mr. Rappaport
attests that neither he nor the firm represents any interest
adverse to the Debtors or the estate, and they are disinterested
persons as required by 11 U.S.C. Sec. 327(a).

The fees to be paid to the firm were not disclosed in court
filings.

                      About Emanuel L. Cohen

Emanuel L Cohen and two companies, D.I.T. Inc., and Salon's Best,
Inc., filed Chapter 11 bankruptcy petitions at West Palm Beach,
Florida, on June 6, 2014.  Mr. Cohen is the president and the
principal of DIT and Salon's Best.

The Debtors have sought joint administration of their Chapter 11
cases under the first-filed case, which is Cohen's (Bankr. S.D.
Fla. Lead Case No. 14-23125).

DIT, a broker, disclosed $12 million in assets and debt.  Salon's
Best, which is in the business of Internet sales, also disclosed
$12 million in assets and debt.

Cohen' case is presided over by Judge Erik P. Kimball in the West
Palm Beach Division, in Florida.  The Debtors accordingly have
sought an intra-district transfer for DIT from the Fort Lauderdale
Division to the West Palm Beach Division, specifically to Judge
Kimball.


EMPIRE RESORTS: Inks Settlement Agreement with Bryanston Group
--------------------------------------------------------------
Empire Resorts, Inc., Kien Huat Realty III Ltd., Colin Au Fook Yew
and Joseph D'Amato entered into a settlement agreement and release
with Stanley Stephen Tollman and Bryanston Group, Inc., effective
as of June 30, 2013.  Pursuant to the Settlement Agreement, the
Company Parties and the Bryanston Parties agreed to the settlement
of certain claims relating to shares of Series E Preferred Stock
of the Company held by the Bryanston Parties and that certain
Recapitalization Agreement, dated Dec. 10, 2002, by and between,
among others, the Bryanston Parties and a predecessor to the
Company, pursuant to which the Bryanston Parties acquired the
Preferred Stock.

In consideration for the mutual release of all claims, the Company
agreed to redeem the Preferred Stock from the Bryanston Parties,
and the Bryanston Parties agreed to sell the Preferred Stock to
the Company, in accordance with an agreed-upon schedule and
purchase price and based upon the closing by the Company of third
party financing in an aggregate amount sufficient to enable the
Company to complete the construction of its planned gaming
facility in Sullivan County, New York.

Effective May 29, 2014, the Settlement Parties entered into a side
letter amendment to the Settlement Agreement, pursuant to which
the Redemption Schedule was revised.  As per the Letter Agreement,
the Company may, in its sole discretion redeem the Preferred Stock
prior to the occurrence of the Concord Event at a purchase price
consistent with the Redemption Schedule notwithstanding whether a
Concord Event has occurred.  Moreover, the Company will be
required to redeem the Preferred Stock upon being awarded a gaming
facility license by the New York State Gaming Commission and
paying the required license fee at a purchase price consistent
with the Redemption Schedule notwithstanding whether a Concord
Event has occurred.  Unless and until an Early Redemption or
Mandatory Redemption occurs, the existing terms and conditions of
the Settlement Agreement remain unaffected and the obligations
unmodified.

Moreover, the Company entered into Amendment No. 1 to the
Employment Agreements of each of Joseph A. D'Amato, the chief
executive officer, Laurette J. Pitts, the senior vice president,
chief operating officer and chief financial officer and Nanette L.
Horner, the senior vice president, chief counsel and chief
compliance officer of the Company.  The Employment Agreements of
each of Pitts and Horner were amended to: (i) extend the
termination date of the Employment Agreements, (ii) update the
base salary and (iii) implement changes in title, as applicable.

Laurette J. Pitts's base salary increased from $230,000 to
$240,000 and Nanette L. Horner's base salary increased from
$215,000 to $225,000.

In addition, the Employment Agreement of each executive was
amended to supplement the definition of "Change in Control" such
that the following will also constitute a Change in Control:

     "The individuals who, as of the date hereof, constitute the
      members of the Board (the 'Current Board Members') cease, by
      reason of a financing, merger, combination, acquisition,
      takeover or other non-ordinary course transaction affecting
      the Company, to constitute at least a majority of the
      members of the Board unless such change is approved by the
      Current Board Members."

                       About Empire Resorts

Based in Monticello, New York, Empire Resorts, Inc. (NASDAQ: NYNY)
-- http://www.empireresorts.com/-- owns and operates Monticello
Casino & Raceway, a video gaming machine and harness racing track
and casino located in Monticello, New York, 90 miles northwest of
New York City.

Empire Resorts reported a net loss applicable to common shares of
$27.05 million in 2013 following a net loss applicable to common
shares of $2.26 million in 2012.

As of March 31, 2014, Empire Resorts had $38.73 million in total
assets, $52.72 million in total liabilities and a $13.98 million
total stockholders' deficit.


ENERGY FUTURE: Court Approves First Lien Notes Settlement, DIP
--------------------------------------------------------------
Energy Future Intermediate Holding Company LLC ("EFIH"), a wholly-
owned subsidiary of Energy Future Holdings Corp. ("EFH Corp."),
and EFIH Finance Inc. ("EFIH Finance" and together with EFIH, the
"Issuer") on June 9 disclosed that the United States Bankruptcy
Court for the District of Delaware has issued an order approving,
subject to a stay of such order until 12:01 a.m., New York City
time, on June 12, 2014, (i) the voluntary settlement provided for
in the Issuer's previously announced offer (the "Offer") to
holders of EFIH First Lien Notes to participate in a voluntary
settlement with respect to the Issuer's obligations under the EFIH
First Lien Notes (such settlement, the "EFIH First Lien
Settlement") and (ii) the Issuer's entry into a new senior secured
super-priority debtor-in-possession credit agreement (the "EFIH
First Lien DIP Facility").  In addition, the expiration date for
the Offer has been extended to 5:00 p.m., New York City time, on
June 10, 2014 (the "Expiration Date").

The Offer is open to all qualified holders of the Issuer's 6.875%
Senior Secured Notes due 2017 and 10.000% Senior Secured Notes due
2020 (such notes, the "EFIH First Lien Notes").  As of 5:00 p.m.,
New York City time, on June 6, 2014, approximately $0.42 billion
of EFIH First Lien Notes (approximately 10% of the outstanding
EFIH First Lien Notes) had been submitted for exchange in the
Offer.  In addition, pursuant to the Restructuring Support and
Lock-Up Agreement, dated April 28, 2014 (as amended), to which the
Issuer is a party, certain holders holding, in the aggregate,
approximately $1.26 billion of EFIH First Lien Notes
(approximately 32% of the outstanding EFIH First Lien Notes) have
agreed to the EFIH First Lien Settlement on the terms provided in
such agreement.

As previously disclosed, the consummation of the Offer is subject
to several conditions.  The Issuer has waived the condition to
consummation of the Offer that the Bankruptcy Court approve the
Issuer's previously announced offer to purchase its 11% Senior
Secured Second Lien Notes due 2021 and 11.750% Senior Secured
Second Lien Notes due 2022 (collectively, the "EFIH Second Lien
Notes") for cash as a voluntary settlement of its obligations with
respect to the EFIH Second Lien Notes and the related issuance by
the Issuer of convertible second lien subordinated secured DIP
financing notes due 2016.

Other than the extension of the Expiration Date and the waiver of
the condition described in this press release, the terms of the
Offer are unchanged.

Epiq Systems is serving as the Offer Agent and Depositary Agent,
and may be contacted by telephone at (646) 282-2500 or toll free
at (866) 734-9393 or by email at tabulation@epiqsystems.com
(please reference "EFIH First Lien Offer" in the subject line).

            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.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Amends Certain Terms of 2nd Lien Notes Settlement
----------------------------------------------------------------
Energy Future Intermediate Holding Company LLC ("EFIH"), a wholly-
owned subsidiary of Energy Future Holdings Corp. ("EFH Corp."),
and EFIH Finance Inc. ("EFIH Finance" and together with EFIH, the
"Issuer") on June 9 announced the amendment of certain terms of
its previously announced offer to purchase EFIH Second Lien Notes
for cash as a voluntary settlement with respect to the Issuer's
obligations under the EFIH Second Lien Notes (such offer and
settlement, the "EFIH Second Lien Settlement").  The EFIH Second
Lien Settlement is open to all holders of the Issuer's 11% Senior
Secured Second Lien Notes due 2021 (the "EFIH 11% Second Lien
Notes") and 11.750% Senior Secured Second Lien Notes due 2022 (the
"EFIH 11.750% Second Lien Notes" and together with the EFIH 11%
Second Lien Notes, the "EFIH Second Lien Notes").

The terms of the EFIH Second Lien Settlement have been amended to
(1) provide that each of the Tender Consideration and the Total
Consideration will no longer be decreased $0.14 per day for each
day the Settlement Date occurs after the assumed Settlement Date
of July 9, 2014, (2) delete and amend certain conditions to the
consummation of the EFIH Second Lien Settlement as described in
more detail below and (3) make certain disclosures described below
regarding the right of the Issuer to determine whether or not any
of the conditions to the consummation of the EFIH Second Lien
Settlement were satisfied and to terminate or extend the EFIH
Second Lien Settlement.  Other than the amended terms described in
this press release, the terms of the EFIH Second Lien Settlement
are unchanged.

Upon the terms and subject to the conditions of the offer to
purchase with respect to the EFIH Second Lien Settlement, each
holder of EFIH Second Lien Notes that validly tenders its EFIH
Second Lien Notes on or prior to 5:00 p.m., New York City time, on
June 11, 2014 (the "Early Participation Date"), which may be
further extended by the Issuer at its sole discretion, will be
eligible to receive on the closing date of the offer (the
"Settlement Date") as payment in full of any claims arising out of
such holder's interest in the EFIH Second Lien Notes an amount,
paid in cash, equal to (i) $1,119.30 for each $1,000 principal
amount of EFIH 11% Second Lien Notes and (ii) $1,162.30 for each
$1,000 principal amount of EFIH 11.750% Second Lien Notes tendered
(the "Total Consideration").  The Total Consideration includes an
early participation payment (the "Early Participation
Consideration") of $50.00 per $1,000 principal amount of EFIH
Second Lien Notes validly tendered on or prior to the Early
Participation Date.  Each holder that validly tenders its EFIH
Second Lien Notes after the Early Participation Date and on or
prior to 5:00 p.m., New York City time, on July 3, 2014 (the
"Expiration Date") will be eligible to receive on the Settlement
Date an amount, paid in cash, equal to the Total Consideration
less the Early Participation Consideration (the "Tender
Consideration").

Securities   CUSIP      Aggregate                    Early
             Number(s)  Principal     Tender         Participation
                        Amount        Consideration  Consideration
                        Outstanding

EFIH 11%     29269QAB3  $406,392,000   $1,069.30     $50.00
Second Lien
Notes


EFIH 11.750% 29269QAD9  $1,750,000,000 $1,112.30     $50.00
Second Lien
Notes

Total Consideration(1)

$1,119.30

$1,162.30


(1) Does not include accrued and unpaid interest up to, but not
including, the Settlement Date, which will be paid on all of the
EFIH Second Lien Notes accepted for purchase in the offer.

As previously disclosed, the consummation of the EFIH Second Lien
Settlement is subject to several conditions.  The terms of the
EFIH Second Lien Settlement have been amended to remove the
conditions relating to the consummation of and receipt of proceeds
from the issuance of approximately $1.9 billion of 8% Convertible
Second Lien Subordinated Secured DIP Financing Notes due 2016 (the
"EFIH Second Lien DIP Notes Financing").  The consummation of the
EFIH Second Lien Settlement continues to be subject to, among
others, the bankruptcy court's approval of both (1) the incurrence
of indebtedness and granting of second-priority priming liens
relating to the EFIH Second Lien DIP Notes Financing and (2) the
EFIH Second Lien Settlement.  The terms of the EFIH Second Lien
Settlement have also been amended to disclose that the Issuer has
the right to determine whether or not any of the conditions to the
consummation of the EFIH Second Lien Settlement were satisfied and
to terminate or extend the EFIH Second Lien Settlement if any
condition to such consummation was not satisfied or otherwise will
not be satisfied on or prior to the Expiration Date or, with
respect to conditions relating to obtaining regulatory approval
(such as bankruptcy court approval), on or prior to the Settlement
Date.

The Issuer has provided to the holders of the EFIH Second Lien
Notes a supplement to the original offer to purchase amending the
terms of the EFIH Second Lien Settlement as described in this
press release.

Epiq Systems is serving as the Offer Agent and Depositary Agent,
and may be contacted by telephone at (646) 282-2500 or toll free
at (866) 734-9393 or by email at tabulation@epiqsystems.com
(please reference "EFIH Second Lien Offer" in the subject line),
including to obtain a copy of the supplement to the original offer
to purchase.

            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.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Hires PwC as Information Security & Tax Consultant
-----------------------------------------------------------------
Energy Future Holdings Corp., and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ PricewaterhouseCoopers LLP ("PwC") as internal
audit, information security and tax consultants, nunc pro tunc to
Apr. 29, 2014 petition date.

PwC will continue to provide the Internal Audit Services,
Information Security Services, and Tax Services as PwC and the
Debtors shall deem appropriate and feasible in order to advise the
Debtors during the course of these chapter 11 cases, including,
but not limited to the following (collectively, the "Services"):

Internal Audit Services: Under the direction of the Debtors' Vice
President of Internal Audit, PwC will support the Debtors'
Internal Audit team in the areas of internal audit assurance
services, internal audit consulting services and Sarbanes-Oxley
services, including:

   (a) advise the Debtors with respect to their internal controls,
       including by providing ongoing review and evaluation of
       market trends, emerging issues and leading practice
       recommendations;

   (b) function as the Debtors' IT Audit Director;

   (c) perform internal audit procedures and report thereon;

   (d) conduct IT audit work and draft IT audit reports for EFH
       Business Services and interface with IT management;

   (e) prepare a formal documented IT risk assessment to support
       development of the Debtors' annual IT audit plan;

   (f) recommend internal audit risk assessment and internal audit
       plan approaches; and

   (g) document Sarbanes-Oxley testing results templates (the
       "Sarbanes-Oxley Services").

Cyber Defense Program Services: Provide Information Security
Services related to the Debtors' Cyber Defense Program, including:

   (a) develop evaluation criteria used to measure and report on
       information security maturity at EFH and its subsidiaries;

   (b) assess information security process design and deliverables
       to ensure they support the continued capability growth of
       the program;

   (c) evaluate the effectiveness of implemented processes through
       evaluation of evidence and review of Client prepared data;

   (d) participate in key status and decision making meetings; and

   (e) perform periodic progress/benefit assessments.

SOD Services: Provide Information Security Services related to the
remediation and mitigation of segregation of duties and sensitive
access violations in the Debtors SAP systems, including:

   (a) conduct a detailed analysis of existing SOD conflicts by
       business and options for remediation;

   (b) provide options for approaching the remediation of
       violations;

   (c) conduct workshops to determine updates to roles and users;

   (d) give feedback on mitigating controls design and mapping to
       risks; and

   (e) provide guidance to the Debtors' security team on role and
       user technical changes.

Tax Services: Provide federal individual income tax review,
preparation and planning and financial planning services to
certain members of the Debtors' senior management.

Pursuant to the terms and conditions of the Master Services
Agreement, the Debtors propose to:

   (a) compensate PwC for the Internal Auditing Services other
       than the Sarbanes-Oxley Services in accordance with the
       "fixed fee" of $1,300,000 per year for 2014 and 2015;

   (a) compensate PwC for the Sarbanes-Oxley Services in
       accordance with an estimated "fixed fee" not to exceed
       $400,000 for the period April 2014 through January 2015;

   (b) compensate PwC for the Information Security Services in
       accordance with an estimated "fixed fee" not to exceed
       $700,000 for the term of the underlying Statement of Work;

   (c) compensate PwC for the SOD Services in accordance with an
       estimated "fixed fee" not to exceed $700,000 for the term
       of the underlying Statement of Work;

   (d) compensate PwC for the Tax Services on a fixed fee per
       participant basis, depending on the services selected by
       each individual.

The amounts other than with respect to the Tax Services and the
SOD Services, are inclusive of all costs and expenses incurred by
PwC in connection with the Services, and the Debtors shall not
reimburse PwC for any travel, lodging or other costs and expenses
incurred in connection with the provision of the Services other
than the Tax Services and the SOD Services, provided that the
reimbursement of expenses with respect to the SOD Services is
subject to a maximum estimated "fixed fee" of $700,000, as
described above.

According to PwC's books and records, during the 90-day period
prior to the Petition Date, PwC received $1,980,030.12 from the
Debtors for professional services performed and expenses incurred
under the MSA.

James R. Hanlon, utilities and power generation partner of PwC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

The Bankruptcy Court for the District of Delaware will hold a
hearing on the application on Jun. 30, 2014, at 9:30 a.m.
Objections, if any, are due Jun. 12, 2014, at 4:00 p.m.

PwC can be reached at:

       James R. Hanlon
       PRICEWATERHOUSECOOPERS LLP
       2001 Ross Avenue, Suite 1800
       Dallas, TX 75201-2997
       Tel: (214) 754 5007
       E-mail: james.r.hanlon@us.pwc.com

            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.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Wants Ernst & Young as Tax Advisory Provider
-----------------------------------------------------------
Energy Future Holdings Corp., and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Ernst & Young LLP as providers of tax advisory
and information technology services, nunc pro tunc to Apr. 29,
2014 petition date.

Subject to further Court order and as set forth in further detail
in the Engagement Letter, Ernst & Young will provide certain tax
advisory and information technology consulting services, in
connection with these chapter 11 cases.

As set forth in detail in the Tax Advisory SOW, Ernst & Young will
provide tax advisory services on behalf of EFH Corporate Services
Company.  The services may include:

   (a) tax advisory services related to assessment and
       implementation regarding the temporary and, upon release,
       the final tangible property Treasury Regulations and
       Revenue Procedures.  The New Regulations cover a broad
       range of issues and will generally be organized into the
       following major sections: (i) Materials and Supplies, (ii)
       Acquisitions, including the book de minimis rule, (iii)
       Improvements, and (iv) Dispositions and Depreciation; and

   (b) tax advisory services related to the following areas in the
       New Regulations (upon release, the analysis will consider
       impact of final tangible property regulations and related
       transitional guidance): (i) Treas. Reg. Section l.l68(i)-8T
       (Dispositions, including general asset election(s)) and
       re-proposed/final regulations; (ii) Treas. Reg. Section
       1.162-3T (Materials and Supplies) and final regulations;
       (iii) Treas. Reg. Sectionl.263(a)-2T (Acquisitions,
       Including de minimis rule) and final regulations; (iv)
       Treas. Reg. Section 1.263(a)-3T (Unit of Property
       Definitions, Improvements and Routine Maintenance)
       and final regulations; (v) Rev. Proc. 2013-24 (Guidance for
       Electric Power Generation Assets); (vi) Rev. Proc. 2012-19
       (Changes in accounting method for improvements (repairs and
       maintenance) and published guidance related to the final
       regulations; and (vii) Rev. Proc. 2012-20 (Changes in
       accounting method for dispositions) and published
       guidance related to the final regulations.

As set forth in detail in the Texas SOW, Ernst & Young will also
provide certain additional tax advisory services to EFH Corporate
Services Company.  The services may include:

   (a) providing assistance and oversight for any Texas sales and
       use tax audits for which EFH Corporate Services Company
       requests assistance. EFH Corporate Services Company will
       notify Ernst & Young in writing or through email of
       each audit for which they will required assistance;

   (b) assisting EFH Corporate Services Company with the Texas
       sales and use tax audits, including reviewing schedules,
       invoices, and correspondence as requested by EFH Corporate
       Services Company;

   (c) assisting with compiling supporting documentation and
       replies for the auditor as requested by EFH Corporate
       Services Company;

   (d) advising EFH Corporate Services Company regarding their
       penalty exposure with respect to Ernst & Young's advice
       rendered and the disclosures that may avoid such penalties
       as determined by The Internal Revenue Code, related IRS
       guidance and professional standards; and

   (e) assisting EFH Corporate Services Company with one off
      taxability questions that arise.

As set forth in the Post-petition SOW, Ernst & Young will also
provide information technology services to TXUE related to
upgrading their SAP technical environment.  The services may
include:

   (a) completing all Work (as defined in the MSA) remaining to be
       Completed under the Blueprint SOW;

   (b) application of Enhancement Pack 7 and Support Pack 3
       inclusive of all necessary patches, notes and additional
       developments identified either in the RTM or as a
       prerequisite for the installation to all TXUE environments
       which will include Quality, Preproduction, Production, and
       two Training environments.  Application will adhere to TXUE
       defined change control process and TXUE defined
       documentation standards.  The application of the change to
       Production shall be completed on the weekend of Sep. 19-21,
       2014 and the application of the change to one Training
       environment shall be completed immediately after the
       completion of Production;

   (c) continuing ownership and maintenance of Requirements
       Traceability Matrix ("RTM") which will include, without
       limitation, the following: (i) identified impacted objects,
       (ii) where those objects are used, (iii) determination if
       the objects will need to be changed, (iv) objects that will
       need to be tested, (v) associated change documents, and
       (vi) associated documentation of test results;

   (d) providing comprehensive testing services for the unit,
       integration, parallel, security, and regression testing
       phases, which will include the following: (i) scenario
       identification (ii) data preparation, (iii) scenario
       execution, (iv) results documentation, and (v) remediation
       of identified defects.  Each phase shall adhere to the
       criteria for entrance and exit as defined in the Testing
       Strategy Document delivered pursuant to the Blueprint SOW;

   (e) providing User Acceptance Testing (UAT) Support Testing
       services and support which will include, without
       limitation, the following: (i) data preparation, (ii)
       scenario execution where requested, (iii) remediation of
       identified defects.  TXUE will dictate scenarios and
       provide resources to validate results and perform testing
       (iv) adherence to the entrance and exit criteria defined in
       the Testing Strategy Document delivered pursuant to the
       Blueprint SOW;

   (f) creating and executing a detailed cutover plan approved by
       TXUE that includes, without limitation: (i) user access
       requirements, (ii) system requirements, (iii)
       prerequisites, (iv) individual task break down with
       responsible parties and durations, (v) overall start and
       end times for a cutover occurring over a weekend (which
       weekend shall be identified to TXUE not less than 2 weeks
       prior to such weekend), and (vi) a back out plan.  Perform
       at least two mock upgrades, cutovers and have results and
       improvements documented and approved by TXUE.  "Production
       Downtime" shall mean, during the cutover of the production
       environment, the time commencing at 10:00 PM (central) on
       the applicable Friday and continuing until cutover is
       complete and all production instances are available for
       users not directly associated with the cutover.  In the
       event that the Production Downtime exceeds 48 hours, a
       credit will be due to TXUE, in the amount set forth
       opposite the applicable aggregate Production Downtime in
       the table below, toward amounts owing by TXUE to EY under
       the post-petition SOW, the unapplied portion of which
       credit shall be refunded promptly to TXUE if and when TXUE
       shall notify EY of TXUE's reasonable determination that no
       further amounts are expected to be owing by TXUE to EY
       under the post-petition SOW.  In the event that the
       aggregate Production Downtime is less than 30 hours, a
       "bonus" will be paid by TXUE to EY in the amount set forth
       opposite the applicable aggregate Production Downtime in
       the table below; provided that bonus amounts shall only be
       paid if the applicable cutover weekend was identified to
       TXUE by EY at least 2 weeks in advance of the designated
       cutover weekend allowing TXUE to adjust staffing models to
       take advantage of the reduction:

       Production Downtime                   Compensation
                                             Credit/Bonus
       Greater than 48 hours and
       less than 52 hours
       (Sunday 10:00 pm -
        Monday 2:00 am)                      $25,000 credit

       Greater than 52 hours
       ( > Monday 2:00 am)                   $100,000 credit

       Greater than or equal to
       24 hours and less than 30
       hours
       (Saturday 10:00 pm -
        Sunday 4:00 am)                      $37,500 bonus

       Less than 24 hours
       (< Saturday 10:00 pm)                 $75,000 bonus

   (g) providing post support services. Any issues found during
       the duration of 30 calendar days from the date that users
       first access the upgraded production environment (the "Go-
       Live Date").  Onsite support services from the entire EY
       upgrade team will be provided for 1 week after the Go-
       Live Date, and remote support shall be provided for 30 days
       after such 1-week period.  In addition, one EY resource
       will remain onsite to assist in facilitating the triage and
       resolution of defects for 30 days after such one week
       onsite support ends.  During the 30 days after the one-week
       onsite support, EY will be responsible for resolving
       identified issues.  These services will include, without
       limitation, (i) triage and resolution for defects logged
       related to the upgrade release, (ii) 24 x 7 availability to
       respond to any Severity 1 issue, and (iii) knowledge
       transfer to TXUE resources.  Definitions of Defect Severity
       shall be included and agreed in the Test Strategy document

   (h) automating test scenarios using the TXUE provided Worksoft
       Certify suite according to the test automation strategy
       document developed and agreed on by both TXUE and EY;

   (i) assisting TXUE to track and measure the upgrade
       implementation's impact on the TXUE's scorecards for the
       purpose of measuring success of the project.  The
       expectation from TXUE is that this upgrade implementation
       will not negatively impact its scorecard metrics; and

   (j) adhering to TXUE defined standards of quality as it relates
       to defect leakage to production. EY will attempt to perform
       services identified in section b for production with no
       unresolved defects. EY may make a recommendation to TXUE to
       proceed with known defects. TXUE will review and provide
       written approval.

Ernst & Young will be paid at these hourly rates:

For Tax Advisory SOW:

       Partner                    $543-$582
       Executive Director            $480
       Senior Manager                $470
       Manager                       $360
       Senior                        $234
       Staff                         $183

Texas SOW:

       Partner (more than 10 years)  $582
       Partner (6th to 10th year)    $543
       Partner (1st to 5th year)     $516
       Executive Director            $480
       Senior Manager                $470
       Manager                       $360
       Senior 3                      $285
       Senior 1/2                    $234
       Staff 2                       $183
       Staff 1                       $105
       CSA                           $105

Pursuant and subject to the detailed descriptions contained in the
Blueprint SOW, EY intends to charge TXUE for the services rendered
in connection with the Postpetition SOW on an hourly basis, at a
rate of $213/hour; provided that in no event shall the fees
payable by TXUE (excluding any bonus provided above), together
with the $569,658 payable by TXUE under the Blueprint SOW, exceed,
in the aggregate, $1,400,000 without TXUE's prior written consent.
EY will notify TXUE as soon as reasonably practical prior to
exceeding the fee estimate and will work with TXUE to reach a
mutual agreement, in writing, to changes to the Postpetition SOW.

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

As of the Petition Date, the Debtors do not owe EY any fees for
services performed or expenses incurred under the MSA.  Prior to
the Petition Date, the Debtors paid EY retainers in the aggregate
amount of $569,658 in connection with this matter. On the Petition
Date, there was an unused retainer balance of approximately
$13,598.63.  According to EY's books and records, during the
90-day period prior to the Petition Date, EY received $784,613
from the Debtors for professional services performed and expenses
incurred.

Stephen A. Thiel, executive director of Ernst & Young, 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.

Ernst & Young can be reached at:

       Stephen A. Thiel
       ERNST & YOUNG LLP
       One Victory Park, Suite 2000
       2323 Victory Avenue
       Dallas, TX 75219
       Tel: +1 (214) 969 8000
       Fax: +1 (214) 969 8587
       E-mail: steve.thiel@ey.com

            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.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Moody's Assigns Ba3 Rating on $5.4BB DIP Term Loan
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the $5.4
billion debtor-in-possession term loan (DIP term loan) at Energy
Future Intermediate Holding Company LLC (EFIH) as per a Final
Order approved by the US Bankruptcy Court for the District of
Delaware on June 6, 2014. The rating primarily reflects the
structural features of the DIP facility and the collateral
coverage available to the DIP lenders. EFIH, its parent company,
and certain affiliates filed for bankruptcy protection under
Chapter 11 on April 29, 2014. Moody's withdrew all previous
ratings for EFIH on May 1, 2014 following the Chapter 11
bankruptcy filing.

Ratings assigned to EFIH as Debtor-in-Possession are:

Issuer: Energy Future Intermediate Holding Company LLC (DIP)

Senior Secured Term Loan, Assigned Ba3

The rating on the DIP facility is being assigned on a "point-in-
time" basis and will not be monitored going forward and therefore
no outlook was assigned to the rating. The rating will
subsequently be withdrawn.

Proceeds from the term loan will be primarily used to provide for
repayment of EFIH's 6.875% 1st lien notes due August 2017 and 10%
1st lien notes due December 2020, including accrued interest; pay
a make-whole settlement to the EFIH pre-petition 1st and 2nd lien
creditors; fund Chapter 11 liquidity and pay transaction related
fees and expenses.

Ratings Rationale

The primary factor underlying the Ba3 rating assigned to the DIP
facility is the collateral coverage that provides the DIP lenders
with a reasonable degree of protection. There are limited
structural features or credit enhancements provided to lenders,
and Moody's note that the collateral provisions are associated
with the equity-membership interests in Oncor Electric Delivery
Holdings Company LLC (Oncor Holdings), which owns 80% of the
regulated transmission and distribution utility, Oncor Electric
Delivery Company LLC (Oncor: Baa3, positive). In addition, there
is a very high ratio of total DIP facility relative to pre-
petition claims, approximately 70%, which in Moody's view is a
credit negative.

The DIP credit agreement has a 2-year maturity which is a long
tenor and exposes lenders to potential changes in market
circumstances during the course of the reorganization. In
addition, the maturity can be extended an additional 6 months, if
a reorganization plan has been filed. The DIP credit agreement
also contains a liquidity covenant that requires the company's
unrestricted cash balance to be at least $150 million at all
times. Failure to meet this requirement could trigger an event of
default for the DIP term loan. It will also be an event of default
if EFIH proposes or supports any plan of reorganization or
liquidation of assets that does not allow for the DIP obligations
to be paid back in full.

The DIP facility has a super priority first lien on substantially
all assets of EFIH and its direct subsidiary, Oncor Holdings. The
collateral coverage available to the DIP lenders is mainly the 80%
equity interest in Oncor, which is heavily driven by the market
valuation of the business and places limited reliance upon the
support of liquid asset coverage. These factors, among others,
presents a high degree of variability associated with collateral
values and recovery prospects, and was incorporated in Moody's
assessment of the realizable value of the collateral package, an
important rating factor. Moody's estimate total collateral
coverage of the DIP facility to be around 1.4x to 1.7x. This
implies a total enterprise value of approximately $17 billion,
which is roughly 8.5x 2014 estimated EBITDA of $2.0 billion.

EFIH is an intermediate subsidiary holding company that is wholly
owned by Energy Future Holdings Corp. EFIH's primary subsidiary is
Oncor Holdings who in turn owns 80% of Oncor. Oncor is a rate
regulated electric transmission and distribution utility in Texas
that primarily serves North Texas, including the greater Dallas/Ft
Worth region.

The principal methodology used in this rating was Debtor-In-
Possession Lending published in March 2009.


ENERGY FUTURE: S&P Assigns 'BB' Rating to $5.4BB DIP Facility
-------------------------------------------------------------
Standard & Poor's Ratings Services said it has assigned its 'BB'
point-in-time rating to Energy Future Intermediate Holding Co.
LLC's (EFIH) $5.4 billion, first-lien, debtor-in-possession (DIP)
credit facility.  This rating applies only to the first-lien DIP
term loan and does not represent the expected rating on any
successor loan if this DIP term loan is converted into exit
financing.  The rating does not apply to any second-lien DIP loan
that EFIH may obtain at a later date.

Because the first-lien DIP term loan rating is a point-in-time
rating, it is in effect only for the date of this report and is
not subject to regular ongoing rating surveillance.

Because adequate funding is key to a company's potential for
reorganization and emergence from bankruptcy as a viable entity,
the U.S. Bankruptcy Code provides incentives for lenders to
finance companies operating under the protection of Chapter 11.
Such post-petition financing is known as "DIP financing."

Under this approach, S&P has assessed the credit risk of the
first-lien DIP term loan by evaluating the following:

   -- The likelihood that a company will successfully reorganize
      and emerge from bankruptcy as a going concern and attract
      sufficient exit financing to fully repay the DIP financing
      at emergence.  This evaluation forms the anchor for the DIP
      issue rating; and

   -- The potential that a company could repay the DIP financing
      through liquidation of its assets, assuming it is unable to
      successfully reorganize and emerge from bankruptcy.  If S&P
      assess the DIP financing as sufficiently over-collateralized
      to be fully repaid in a liquidation analysis, S&P may
      enhance the anchor score by one or two notches to arrive at
      the issue rating, depending on its estimated level of
      coverage.

Taken together, a DIP issue rating captures S&P's analytical
assessment of the viability of a company's business (whether a
company can reorganize) and the amount of the DIP obligation
relative to the company's value--both as a reorganized entity and
on a liquidation basis.

S&P's DIP issue rating for EFIH reflects its 'bb-' anchor
assessment of the likelihood of full cash repayment through EFIH's
reorganization and emergence from Chapter 11.  S&P then applied a
one-notch enhancement to the anchor based on its assessment of
recovery prospects in a liquidation scenario, to arrive at the
'BB' issue rating.

This analysis included, among other things, S&P's assessment of
the draft first-lien DIP facility credit agreement dated April 30,
2014, the Final Order issued by the U.S. Bankruptcy Court dated
June 6, 2014, and company cash flow forecasts, along with S&P's
adjustments.  S&P assumes the final credit agreement terms will
match those of the draft agreement. The credit agreement does not
allow the debtors or obligate the lenders to convert the first-
lien DIP to an exit financing.  The credit agreement allows EFIH
to issue up to $3 billion in junior DIP financing, but this
financing, if obtained, must rank junior in payment and security
to the first-lien DIP, will be structured to convert into equity
at emergence, and must not require full cash repayment at
emergence.

Key elements of S&P's assessment of EFIH's ability to reorganize
and fully repay the first-lien DIP loan at emergence consist of:

   -- S&P's assessment of EFIH's restructuring needs and
      challenges,

   -- EFIH's business position and operating outlook,

   -- EFIH's liquidity adequacy during bankruptcy, and

   -- The extent to which EFIH's going-concern value exceeds the
      expected first-lien DIP loan exposure.

S&P assumes the biggest impediment to EFIH's reorganization as a
going concern would be complexities related to the consolidated
restructuring at the parent and the complicated debt and tax
issues.  In S&P's liquidation scenario, it assumes these problems
would exhaust EFIH's liquidity.


ENERGY SERVICES: Obtains $5 Million Revolving Line of Credit
------------------------------------------------------------
Energy Services of America, parent company of C.J. Hughes
Construction Company and Nitro Electric Company, entered into a
financing arrangement with United Bank, Inc. (West Virginia) to
make a $5 million revolving line of credit  available to the
company.  This agreement is in addition to the $8.8 million
refinancing agreement reached between Energy Services, United
Bank, and Summit Community Bank (West Virginia) in January 2014.

Douglas V. Reynolds, president discussed the financing agreement.
"We are very appreciative of the confidence that our lenders have
shown in Energy Services, C.J. Hughes, and Nitro Electric.  We
believe that getting this line of credit in place is further
evidence that we are financially sound and have adequate operating
capital to continue to serve existing customers while also
expanding our customer base."

A full-text copy of the Loan Agreement dated May 30 is available
for free at http://is.gd/fp4i9W

                        About Energy Services

Huntington, West Virginia-based Energy Services of America
Corporation provides contracting services to America's energy
providers, primarily the gas and electricity providers.

Energy Services posted net income of $3.57 million on $108.82
million of revenue for the year ended Sept. 30, 2013, as compared
with a net loss of $48.52 million on $109.01 million of revenue
during the prior year.

Arnett Foster Toothman PLLC, in Charleston, West Virginia, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Sept. 30, 2013.  The indepdendent
auditors noted that the Company has suffered recurring losses from
operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.

As of March 31, 2014, the Company had $37.90 million in total
assets, $22.49 million in total liabilities and $15.41 million in
total stockholders' equity.


EXECUTIVE CAREER: Case Summary & 4 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Executive Career Services, Inc.
        12424 Wilshire Blvd., Suite 740
        Los Angeles, CA 90025

Case No.: 14-21212

Chapter 11 Petition Date: June 8, 2014

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

Judge: Hon. Robert N. Kwan

Debtor's Counsel: Dheeraj K Singhal, Esq.
                  DCDM LAW GROUP, PC
                  30 N Raymond Ste 801
                  Pasadena, CA 91103
                  Tel: 626-689-2407
                  Fax: 626-689-2205
                  Email: dksinghal@dcdmlawgroup.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $100,000 to $500,000

The petition was signed by Peter Munson, president.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb14-21212.pdf


FIRST MARINER: Regulators Approval $18.7MM Sale to RKJS Bank
------------------------------------------------------------
Sarah Gantz, writing for Baltimore Business Journal, reported that
First Mariner Bank's sale to a group of investors has won approval
from federal and state regulators, clearing the way for the deal
to close later this month.  The group of investors, called RKJS
Bank, will pay $18.7 million for First Mariner after beating out a
competing bidder in a bankruptcy auction in April.  The deal was
contingent on receiving regulatory approval.  The report said
First Mariner Bank said Monday the Federal Deposit Insurance Corp.
and the Maryland State Banking Commissioner's office have approved
the sale.

According to the report, RKJS is led by Robert D. Kunisch Jr., who
will become First Mariner Bank's president and chief operating
officer; and Jack E. Steil, who will become CEO. Both are veterans
of Mercantile Bankshares.

The report noted that RKJS was named the wining bidder for First
Mariner after a lengthy and complex U.S. Bankruptcy Court dispute
in April.  Another bank, National Penn Bancshares in Pennsylvania,
had originally been named the winning bidder, even though RKJS'
bid was slightly higher.  At the time, First Mariner officials
said they selected National Penn's bid because the company, which
has about 120 branches, seemed more experienced and perhaps better
able to land regulatory approval.  RKJS added a nonrefundable
deposit of $3 million and extended its timeframe for obtaining
regulatory approval in an effort to demonstrate their investors'
commitment to following through on the deal. RKJS also agreed to
up its original offer of $17.7 million by $1 million if the deal
had not received regulatory approval by the end of April.

According to the report, Mr. Kunisch said in an interview Monday
the bank's new owners plan to hold on to all 470 employees and 18
branch locations.

                    About First Mariner Bancorp

First Mariner Bancorp, the holding company for Maryland community
bank 1st Mariner, filed for Chapter 11 bankruptcy on Feb. 10,
2014, in order to sell its bank subsidiary, 1st Mariner Bank, to a
new bank formed by investors.  The case is In re First Mariner
Bancorp, Case No. 14-11952 (D. Md.) before Judge David E. Rice.

The Debtor's bankruptcy counsel is Kramer Levin Naftalis & Frankel
LLP.  The Debtor's local counsel is Lawrence Joseph Yumkas, Esq.,
at Yumkas, Vidmar & Sweeney, LLC, in Annapolis, Maryland.  The
Debtor's regulatory and corporate counsel if Kilpatrick Townsend &
Stockton LLP.  The Debtor's investment banker and financial
adviser is Sandler O'Neill + Partners, L.P.

The Debtor has total assets of $5.45 million and total debts of
$60.52 million.


FISKER AUTOMOTIVE: Court to Rule on Dissolution of German Unit
--------------------------------------------------------------
FAH Liquidating Corp. f/k/a Fisker Automotive Holdings has asked
the Bankruptcy Court for the District of Delaware for
authorization to dissolve Fisker Automotive GMbH (GMbH).

GMbH, a wholly owned subsidiary of FAH Liquidating Corporation
located in Germany, is a small company created to provide sales
and marketing of the Debtors' operations in Europe. As of the
petition date, GMbH has conducted no active operations and holds
only nominal assets.  On February 19, 2014, the Court authorized
the sale of substantially all of the Debtors' assets.  However,
the sale did not include the Debtors' interest in GMbH.  Since the
AFisker@ name was acquired by the buyers and the Debtors have an
obligation to protect the buyers from liabilities,    the Debtors
seek authorization to (1) change GMbH's name to FA Liquidation
GMbH, and (2) formally dissolve FA Liquidation GMbH.

The Debtors cite Sec. 363(b) of the Bankruptcy Code as authority
for their requested relief.  Section 363 provides that a Debtor,
after notice and a hearing, may use, sell, or lease, other than in
the course of business, property of estate.

A hearing on the Debtors' motion was set for June 9, 2014.

                     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 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.

On Feb. 19, 2014, the Bankruptcy Court approved the sale of
Fisker's assets to Wanxiang America Corporation.  The sale closed
on March 24.  The sale to Wanxiang is valued at approximately $150
million, Fisker said in a news statement.

On March 27, 2014, the Court authorized Fisker Automotive Holdings
to change its name to FAH Liquidating Corp. and its affiliate,
Fisker Automotive Inc., to FA Liquidating Corp., following the
sale.


FORCE FUELS: Acquires All Capital Stock of Cafe Serendipity
-----------------------------------------------------------
Force Fuels, Inc., entered into a stock purchase agreement, dated
as of May 6, 2014, with Cafe Serendipity, Inc., whereby Cafe
Serendipity would sell 100 percent of Cafe Serendipity's
outstanding capital common stock to the Company.  As consideration
for the Agreement, the Company agreed to issue 30,000,000 shares
of common stock.  The Agreement contains representations,
warranties and covenants customary for transactions of this type.

Cafe Serendipity is a development company, offering a turn-key
franchise retail solution for a chain of upscale licensed stores
serving the recreational marijuana consumer, offering exclusive
brand, marketing and product sourcing.  The Company does not buy
or sell marijuana as the licensee has the responsibility to
procure the appropriate authorizations to purchase this product
directly from the grower.  Cafe Serendipity offers high quality
products within a friendly consistent store front, and provides
well trained staff along with a state of the art point of sale
technology.

On May 6, 2014 the Company issued an aggregate of 30,000,000
shares of common stock in an unregistered transaction.  It did so
in reliance upon the exemption contained in Section 4(2) of the
Securities Act of 1933, as amended, as a transaction not involving
a public offering, and Rule 506 promulgated thereunder, in view of
the absence of a general solicitation, the limited number of
offerees and purchasers, and the representations and agreements of
the Company in the Agreement.

A full-text copy of the Stock Purchase Agreement is available for
free at http://is.gd/oVoeTq

Resignation of Director

On May 2, 2014, Mr. Bobby Orbach resigned as director of the
Company.  Previously, Tom Hemingway resigned as a director and
officer of the Company and Mr. Dennis O'Neill resigned as director
of the Company

Appointment of New Director

On May 2, 2014, the Board appointed Mr. Ken Berscht to the Board
and appointed to serve on the Company's Board of Directors:

Mr. Berscht has had an extensive career in investment banking and
finance in the resource field.  He has worked worldwide with
investors in Europe and Asia as well as North America.  Since 2009
Mr. Berscht has worked as vice president of International
Enerplus, one of Canada's leading income trusts, managing their
offshore branch in Europe.  He was the president of Odyssey
Management in the Cayman Islands and is a registered Mutual fund
administrator in the Cayman Islands.  In this position he managed
an oil and gas fund for Middle East investors.

Mr. Berscht does not have any family relationship with any other
member of the Board or any executive officer of the Company.
There are no arrangements or understandings between either Mr.
Berscht or any other person pursuant and the Company under which
either was selected to serve on the Board of Directors of the
Company.

On May 6, 2014, Board of Directors of the Company authorized a
change of address, the new address is:

          FORCE FUELS, INC.
          10120 South Eastern Ave, Suite 200,
          Henderson, Nevada 89052

                          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.


FREDERICK'S OF HOLLYWOOD: Suspending Filing of Reports with SEC
---------------------------------------------------------------
Frederick's of Hollywood Group Inc. filed with the U.S. Securities
and Exchange Commission a Form 15 to terminate the registration of
its common stock under Section 12(g) of the Securities Exchange
Act of 1934.  As a result of the Form 15 filing, the Company will
not anymore be obligated to file periodic reports with the SEC.

As reported by the TCR on June 6, 2014, Frederick's of Hollywood
completed its merger with HGI Funding LLC, a wholly owned
subsidiary of Harbinger Group Inc.  As a result of the Merger, the
Company is now wholly owned by FOHG Holdings.

                      Frederick's of Hollywood

Frederick's of Hollywood Group Inc. (NYSE Amex: FOH) --
http://www.fredericks.com/-- through its subsidiaries, sells
women's intimate apparel, swimwear and related products under its
proprietary Frederick's of Hollywood brand through 122 specialty
retail stores, a world-famous catalog and an online shop.

Frederick's of Hollywood sought bankruptcy in July 10, 2000.  On
Dec. 18, 2002, the court approved the company's plan of
reorganization, which became effective on Jan. 7, 2003, with the
closing of the Wells Fargo Retail Finance exit financing facility.

Mayer Hoffman McCann expressed substantial doubt about the
Company's ability to continue as a going concern, citing the
company has suffered recurring losses from continuing operations,
has negative cash flows from operations, has a working capital and
a shareholders' deficiency at July 27, 2013.

The Company reported a net loss of $22,522,000 on $86,507,000 of
net sales in 2013, compared with a net loss of $6,432,000 in 2012.
As of Jan. 25, 2014, the Company had $39.79 million in total
assets, $69.01 million in total liabilities and a $29.22 million
total shareholders' deficiency.


FTE NETWORKS: David Lethem Named Chief Financial Officer
--------------------------------------------------------
David Lethem has been appointed as chief financial officer of FTE
Networks, Inc.

Mr. Lethem entered into an employment agreement with the Company,
which he was granted an annual salary of $120,000 per year, with
standard employee insurance and other benefits including 150,000
shares of FTE Stock.

Mr. Lethem, who joined the Company in April 2014 as vice president
of Corporate Compliance, has more than 30 years experience in
finance and accounting, most recently focusing on public company
accounting and financial reporting, mergers and acquisitions, SEC
reporting and compliance, technical accounting interpretations,
and international business operations.

"David brings our Company the financial and accounting strengths
necessary to refocus our finance department's ability to deal with
our strategic growth plans while championing our efforts in
coordinating our financial statement audits and SEC reporting.
Additionally, his experience in strategic financial planning as
well as working with private equity sponsors will contribute to
further sharpening our financial strategy," said Michael
Palleschi, FTE's chief executive officer.  "His most recent
experience in various public company reverse mergers, investment
banking relationships, and international business operations will
be great assets to FTE Networks as we execute and expand our
strategic plans."  "Since joining the Company in April, David
already has taken a pivotal lead in major initiatives, including
our recently announced $3 million dollar funding agreement with
AmeriFactors Financial Group."

                       About FTE Networks, Inc.

FTE Networks, formerly known as Beacon Enterprise Solutions Group,
Inc., is a vertically integrated company with an international
footprint.  Since its inception, FTE Networks has steadily
advanced its management, operational and technical capabilities to
become a leading provider of services to the telecommunications
and wireless sector with a focus on turnkey solutions.  FTE
Networks provides a comprehensive array of services centered on
quality, efficiency and customer service.

Beacon Enterprise's balance sheet at June 30, 2012, showed $7.3
million in total assets, $8.8 million in total liabilities, and a
stockholders' deficit of $1.5 million.

For the nine months ended June 30, 2012, the Company incurred a
net loss of $5.9 million, which included a non-cash impairment of
intangible assets of $2.1 million and other non-cash expenses
aggregating $1.9 million.  Cash used in operations amounted to
$1.0 million for the nine months ended June 30, 2012.  As of
June 30, 2012, the Company's accumulated deficit amounted to $42.6
million, with cash and cash equivalents of $75,000 and a working
capital deficit of $4.9 million.  "These conditions raise
substantial doubt about the Company's ability to continue as a
going concern," the Company said in its quarterly report for the
period ended June 30, 2012.


FUSION TELECOMMUNICATIONS: Appoints EVP and General Counsel
-----------------------------------------------------------
James P. Prenetta, Jr., has joined Fusion as executive vice
president and general counsel.  Mr. Prenetta will be responsible
for all legal and regulatory matters, with a special emphasis on
accelerating merger and acquisition activities.

"We are thrilled that Jim will be working with us and look forward
his involvement as we build a bigger and stronger company in cloud
services," said CEO Matt Rosen.  "Jim's extensive legal experience
in securities and in mergers and acquisitions will be a
significant help to our veteran executive team."

Mr. Prenetta is joining the Company from Hibernia Networks, a
provider of global capacity and the owner and operator of a trans-
Atlantic submarine cable system and terrestrial networks
throughout North America, Europe and Asia.  In his position of
General Counsel and Secretary at Hibernia Networks, he was
responsible for Hibernia's legal and regulatory matters, including
mergers and acquisitions, intellectual property and litigation.
During his five years at Hibernia Networks, the company grew from
approximately $60 million to approximately $125 million in
revenue.  Prior to joining Hibernia, he was executive vice
president, general counsel and secretary at One Communications
Corp., a communications services company, responsible for legal
and regulatory matters, including merger and acquisition
activities.  During his tenure at One Communications, the company
grew from approximately $190 million to approximately $850
million, primarily through acquisitions.  Prior to that, he was
senior vice president, general counsel and secretary at Viatel,
Inc., an international communication services company and owner
and operator of a terrestrial network in Western Europe.  While at
Viatel, that company grew from a $250 million business to a $900
million business, in large part through acquisitions.  At Viatel,
he was responsible for a wide range of legal, policy and
compliance issues, including merger and acquisition activities.

Earlier in his career, Mr. Prenetta was an associate and Partner
in the corporate and securities group at Kelley Drye & Warren LLP,
New York, New York, and was an associate at the New York law firm
of Mudge Rose Guthrie Alexander & Ferdon.  Mr. Prenetta received
his B.A., magna cum laude, from the University of Connecticut, and
his J.D. from the Columbus School of Law, Catholic University of
America, Washington, D.C, where he also received a special
certification in communications law and policy.

                   About Fusion Telecommunications

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

Fusion Telecommunications incurred a net loss applicable to common
stockholders of $5.48 million in 2013, a net loss applicable to
common stockholders of $5.61 million in 2012 and a net loss of
$4.45 million in 2011.  The Company's balance sheet at March 31,
2014, showed $69.69 million in total assets, $58.51 million in
total liabilities and $11.18 million in total stockholders'
equity.


GENCO SHIPPING: Plan Confirmation Deadline Moved to June 27
-----------------------------------------------------------
Genco Shipping & Trading Limited and certain of its subsidiaries
entered into an amendment to the Restructuring Support Agreement
and an amendment to the Equity Commitment Agreement with certain
of its creditors.

Under the amendment to the Restructuring Support Agreement, the
deadline for confirmation of the plan of reorganization of the
Company and certain of its subsidiaries under their ongoing
Chapter 11 bankruptcy proceedings was extended to June 27, 2014.
Under the amendment to the Equity Commitment Agreement, the
outside termination date for the obligations of the creditors
party to that agreement was extended to July 10, 2014.  Under both
amendments, the subscription deadline for the Company's $100
million rights offering was extended to June 18, 2014.

Copies of the Amendments are available for free at:

                        http://is.gd/Gc5Vg1
                        http://is.gd/KvKEtX

                  About Genco Shipping & Trading

New York-based Genco Shipping & Trading Limited (NYSE: GNK)
transports iron ore, coal, grain, steel products and other drybulk
cargoes along worldwide shipping routes.  Excluding Baltic Trading
Limited's fleet, Genco Shipping owns a fleet of 53 drybulk
vessels, consisting of nine Capesize, eight Panamax, 17 Supramax,
six Handymax and 13 Handysize vessels, with an aggregate carrying
capacity of approximately 3,810,000 dwt.  In addition, Genco
Shipping's subsidiary Baltic Trading Limited currently owns a
fleet of 13 drybulk vessels, consisting of four Capesize, four
Supramax, and five Handysize vessels.

Genco Shipping & Trading sought bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 14-11108) on April 21, 2014, to implement a
prepackaged financial restructuring that is expected to reduce the
Company's total debt by $1.2 billion and enhance its financial
flexibility.  The company's subsidiaries other than Baltic Trading
Limited (and related entities) also sought bankruptcy protection.

Genco, owned and controlled by Peter Georgiopoulos, disclosed
assets of $2.448 billion and debt of $1.475 billion as of Feb. 28,
2014.

Adam C. Rogoff, Esq., and Anupama Yerramalli, Esq., at Kramer
Levin Naftalis & Frankel LLP serve as the Debtors' bankruptcy
counsel.  Blackstone Advisory Partners, L.P., is the financial
advisor.  GCG Inc. is the claims and notice agent.

Wilmington Trust, N.A., in its capacity as successor
administrative and collateral agent under a 2007 credit agreement,
is represented by Dennis Dunne, Esq., and Samuel Khalil, Esq., at
Milbank Tweed Hadley & McCloy LLP.

Credit Agricole Corporate & Investment Bank, as agent and security
trustee under an August 2010 Loan Agreement; Deutsche Bank
Luxembourg S.A., as agent, and Deutsche Bank AG Fillale
Deutschlandgeschaft, as security agent and bookrunner under the
August 2010 Loan Agreement, are represented by Alan Kornberg,
Esq., Sarah Harnett, Esq., and Elizabeth McColm, Esq., at Paul
Weiss Rifkind Wharton & Garrison LLP.  Paul Weiss also represents
the Pre-Petition $100 Million and $253 Million Credit Facilities.

The Bank of New York Mellon, the indenture trustee for Genco's
5.00% Convertible Senior Notes due August 15, 2014, and the
informal group of 5.00% Convertible Senior Notes due August 15,
2014, are represented by Michael Stamer, Esq., and Sarah Link
Schultz, Esq., at Akin Gump Strauss Hauer & Feld LLP.  Akin Gump
also represents the Informal Convertible Noteholder Group.

Kirkland & Ellis LLP's Christopher J. Marcus, Esq., Paul M. Basta,
Esq., Eric F. Leon, Esq., represent for Och-Ziff Management LP.

Brown Rudnick LLP's William R. Baldiga, Esq., represents an Ad Hoc
Consortium of Equity Holders.

Orrick, Herrington & Sutcliffe LLP's Douglas S. Mintz, Esq.,
Washington, DC, represents Deutsche Bank as Pre-Petition Lender,
and Credit Agricole, Corporate Investment Bank, as Post-Petition
Bankruptcy Lender.

Dechert LLP's Allan S. Brilliant, Esq., represents the Entities
Managed by Aurelius Capital Management, LP.

The U.S. Trustee has appointed an Official Committee of Equity
Security Holders.  The Equity Committee members are (1) Aurelius
Capital Partners, LP; (2) Mohawk Capital LLC; and OZ Domestic
Partners, LP.  It is represented by Steven M. Bierman, Esq.,
Benjamin R. Nagin, Esq., Michael G. Burke, Esq., James F. Conlan,
Esq., and Larry J. Nyhan, Esq., at Sidley Austin LLP.

Genco has filed a motion to disband the Equity Committee,
complaining that it is unnecessary and wasteful of the estates'
resources.


GENCO SHIPPING: Common stock Delisted From NYSE
-----------------------------------------------
The New York Stock Exchange LLC filed with the U.S. Securities and
Exchange Commission a Form 25 to terminate the registration of the
common stock of Shipping & Trading Ltd. under Section 12(b) of the
Securities Exchange Act of 1934.

                 About Genco Shipping & Trading

New York-based Genco Shipping & Trading Limited (NYSE: GNK)
transports iron ore, coal, grain, steel products and other drybulk
cargoes along worldwide shipping routes.  Excluding Baltic Trading
Limited's fleet, Genco Shipping owns a fleet of 53 drybulk
vessels, consisting of nine Capesize, eight Panamax, 17 Supramax,
six Handymax and 13 Handysize vessels, with an aggregate carrying
capacity of approximately 3,810,000 dwt.  In addition, Genco
Shipping's subsidiary Baltic Trading Limited currently owns a
fleet of 13 drybulk vessels, consisting of four Capesize, four
Supramax, and five Handysize vessels.

Genco Shipping & Trading sought bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 14-11108) on April 21, 2014, to implement a
prepackaged financial restructuring that is expected to reduce the
Company's total debt by $1.2 billion and enhance its financial
flexibility.  The company's subsidiaries other than Baltic Trading
Limited (and related entities) also sought bankruptcy protection.

Genco, owned and controlled by Peter Georgiopoulos, disclosed
assets of $2.448 billion and debt of $1.475 billion as of Feb. 28,
2014.

Adam C. Rogoff, Esq., and Anupama Yerramalli, Esq., at Kramer
Levin Naftalis & Frankel LLP serve as the Debtors' bankruptcy
counsel.  Blackstone Advisory Partners, L.P., is the financial
advisor.  GCG Inc. is the claims and notice agent.

Wilmington Trust, N.A., in its capacity as successor
administrative and collateral agent under a 2007 credit agreement,
is represented by Dennis Dunne, Esq., and Samuel Khalil, Esq., at
Milbank Tweed Hadley & McCloy LLP.

Credit Agricole Corporate & Investment Bank, as agent and security
trustee under an August 2010 Loan Agreement; Deutsche Bank
Luxembourg S.A., as agent, and Deutsche Bank AG Fillale
Deutschlandgeschaft, as security agent and bookrunner under the
August 2010 Loan Agreement, are represented by Alan Kornberg,
Esq., Sarah Harnett, Esq., and Elizabeth McColm, Esq., at Paul
Weiss Rifkind Wharton & Garrison LLP.  Paul Weiss also represents
the Pre-Petition $100 Million and $253 Million Credit Facilities.

The Bank of New York Mellon, the indenture trustee for Genco's
5.00% Convertible Senior Notes due Aug. 15, 2014, and the
informal group of 5.00% Convertible Senior Notes due August 15,
2014, are represented by Michael Stamer, Esq., and Sarah Link
Schultz, Esq., at Akin Gump Strauss Hauer & Feld LLP.  Akin Gump
also represents the Informal Convertible Noteholder Group.

Kirkland & Ellis LLP's Christopher J. Marcus, Esq., Paul M. Basta,
Esq., Eric F. Leon, Esq., represent for Och-Ziff Management LP.

Brown Rudnick LLP's William R. Baldiga, Esq., represents an Ad Hoc
Consortium of Equity Holders.

Orrick, Herrington & Sutcliffe LLP's Douglas S. Mintz, Esq.,
Washington, DC, represents Deutsche Bank as Pre-Petition Lender,
and Credit Agricole, Corporate Investment Bank, as Post-Petition
Bankruptcy Lender.

Dechert LLP's Allan S. Brilliant, Esq., represents the Entities
Managed by Aurelius Capital Management, LP.

The U.S. Trustee has appointed an Official Committee of Equity
Security Holders.  The Equity Committee members are (1) Aurelius
Capital Partners, LP; (2) Mohawk Capital LLC; and OZ Domestic
Partners, LP.  It is represented by Steven M. Bierman, Esq.,
Benjamin R. Nagin, Esq., Michael G. Burke, Esq., James F. Conlan,
Esq., and Larry J. Nyhan, Esq., at Sidley Austin LLP.

Genco has filed a motion to disband the Equity Committee,
complaining that it is unnecessary and wasteful of the estates'
resources.


GENERAL MOTORS: To Begin Accepting Victims' Claims Aug. 1
---------------------------------------------------------
Jeff Bennett, writing for The Wall Street Journal, reported that
General Motors Co. Chief Executive Officer Mary Barra said that
the auto maker likely would provide shareholders an estimate of
the financial fallout from a recall tied to a troubled ignition
switch by early next month.

According to the report, Ms. Barra said the company would have a
better sense of the costs facing it after Kenneth Feinberg, a
compensation expert hired to advise the company, provides measures
of how accident victims or their families will be compensated.
Mr. Feinberg could provide that update within the next few weeks,
the Journal said.

Estimates for the price GM could pay to compensate victims, legal
fees and any settlements or judgments range from less than $5
billion to as much as $7 billion, the report added.

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
-- http://www.gm.com/-- is one of the world's largest automakers,
traces its roots back to 1908.

General Motors Co. was formed to acquire the operations of
General Motors Corp. through a sale under 11 U.S.C. Sec. 363
following Old GM's bankruptcy filing.  The U.S. government
provided financing.  The deal was closed July 10, 2009, and Old GM
changed its name to Motors Liquidation Co.

Old GM -- General Motors Corporation -- filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on June 1,
2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  The Debtors tapped Weil, Gotshal & Manges LLP
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel; and Morgan Stanley, Evercore Partners and the Blackstone
Group LLP as financial advisor.  Garden City Group is the claims
and notice agent of the Debtors.

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

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

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


GENERAL MOTORS: To Begin Accepting Victims' Claims Aug. 1
---------------------------------------------------------
Jeff Bennett, writing for The Wall Street Journal, reported that
General Motors Co. Chief Executive Officer Mary Barra said that
the auto maker likely would provide shareholders an estimate of
the financial fallout from a recall tied to a troubled ignition
switch by early next month.

According to the report, Ms. Barra said the company would have a
better sense of the costs facing it after Kenneth Feinberg, a
compensation expert hired to advise the company, provides measures
of how accident victims or their families will be compensated.
Mr. Feinberg could provide that update within the next few weeks,
the Journal said.

Estimates for the price GM could pay to compensate victims, legal
fees and any settlements or judgments range from less than $5
billion to as much as $7 billion, the report added.

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
-- http://www.gm.com/-- is one of the world's largest automakers,
traces its roots back to 1908.

General Motors Co. was formed to acquire the operations of
General Motors Corp. through a sale under 11 U.S.C. Sec. 363
following Old GM's bankruptcy filing.  The U.S. government
provided financing.  The deal was closed July 10, 2009, and Old GM
changed its name to Motors Liquidation Co.

Old GM -- General Motors Corporation -- filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on June 1,
2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  The Debtors tapped Weil, Gotshal & Manges LLP
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel; and Morgan Stanley, Evercore Partners and the Blackstone
Group LLP as financial advisor.  Garden City Group is the claims
and notice agent of the Debtors.

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

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

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


GENIUS BRANDS: Issues Letter to Shareholders
--------------------------------------------
Genius Brands International, Inc., distributed a letter to
shareholders regarding its new commemorative stock certificate.
A copy of the Letter is available for free at http://is.gd/DUHj2g

                        About Genius Brands

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

Genius Brands reported a net loss of $7.21 million in 2013, a net
loss of $2.06 million in 2012 and a net loss of $1.37 million in
2011.  The Company's balance sheet at March 31, 2014, showed
$14.65 million in total assets, $3.55 million in total liabilities
and $11.09 million in total equity.


GIBSON ENERGY: Moody's Assigns Ba3 Rating on $350MM Senior Notes
----------------------------------------------------------------
Moody's Investor's Services assigned a Ba3 rating to Gibson Energy
Inc.'s proposed $350 million senior unsecured notes, which will be
comprised of Canadian dollar senior unsecured notes and additional
US dollar senior unsecured notes due 2021 (exact currency split to
be determined). Gibson's other ratings are unchanged and the
outlook remains stable.

The proceeds of the notes will be used to fund capital
expenditures, repay revolver drawings, and for general corporate
purposes.

Assignments:

Issuer: Gibson Energy Inc.

Senior Unsecured Regular Bond/Debenture, Assigned Ba3

Senior Unsecured Regular Bond/Debenture, Assigned a range of
LGD4, 60 %

Rating Rationale

Gibson's Ba2 CFR reflects the company's small size, and price and
volume risks inherent in its business segments, particularly with
respect to its marketing and trading activities, which expose the
company to volatile commodity prices. As well, the company is
acquisitive and is pursuing organic growth based initiatives that
will require large capital expenditures and consume free cash flow
over the next few years. Favorably, the rating considers the
company's low leverage, which Moody's expect to remain around 3x,
and that a significant portion of EBITDA is fee-based, which
provides visibility and stability to expected cash flows. Gibson's
diversified operations in several midstream segments and solid
position in each of its principal business areas provides further
support to the rating.

Under Moody's Loss Given Default (LGD) Methodology, the senior
unsecured notes are rated Ba3, one notch below the CFR, reflecting
the prior ranking of the C$500 million senior secured revolving
credit facility in the capital structure.

The SGL-3 Speculative Grade Liquidity rating indicates adequate
liquidity between Q2/14 and Q2/15. Pro forma for the $350 million
June 2014 notes issuance, Gibson will have about C$310 million of
cash and C$450 million available under its C$500 million revolving
credit facility maturing June 2018, after letters of credit.
During this period, Moody's expect Gibson to fund the Cal-Gas
acquisition and expected negative free cash flow of C$330 million
with cash and revolver drawings. Moody's expect Gibson will be in
compliance with its financial covenants through this period.
Alternative sources of liquidity are limited principally to the
sale of existing assets, which are mostly encumbered.

The stable outlook reflects Moody's expectation that Gibson's
EBITDA growth will enable its leverage to remain around 3x despite
significant negative free cash flow over the next couple of years.

The ratings could be upgraded if Gibson executes on its growth
initiatives, while maintaining debt to EBITDA below 2.5x.

The ratings could be downgraded if Gibson's financial leverage
increases due to debt funded capital expenditures. More
specifically, if debt to EBITDA cannot be sustained under 4x a
ratings downgrade could result. A downgrade is also likely if the
company produces any material losses from the marketing segment.

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

Gibson is a Calgary, Alberta-based midstream energy company that
is engaged in the movement, storage, blending, processing,
marketing and distribution of crude oil, condensate, natural gas
liquids, water, oilfield waste and refined products


GLOBALSTAR INC: Files Conflict Minerals Report
----------------------------------------------
Globalstar, Inc., filed a Form SD with the U.S. Securities and
Exchange Commission pursuant to Rule 13p-1 under the Securities
Exchange Act of 1934 for the reporting period Jan. 1, 2013,
through Dec. 31, 2013.

The Securities and Exchange Commission, in August 2012, adopted a
rule mandated by the Dodd-Frank Wall Street Reform and Consumer
Protection Act to require companies to publicly disclose their use
of conflict minerals that originated in the Democratic Republic of
the Congo (DRC) or an adjoining country.

Globalstar determined that it contracts to manufacture certain
products containing conflict minerals that are necessary to the
functionality of those products.

"Globalstar is unable to conclude whether the necessary Conflict
Minerals may have originated in the Democratic Republic of the
Congo or an Adjoining Country," the Company stated in the Report.

A copy of the Company's Conflict Minerals Report is availabel for
free at http://is.gd/IOzxsR

                           About Globalstar

Covington, Louisiana-based Globalstar Inc. provides mobile
satellite voice and data services.  Globalstar offers these
services to commercial and recreational users in more than 120
countries around the world.  The Company's products include mobile
and fixed satellite telephones, simplex and duplex satellite data
modems and flexible service packages.

Globalstar reported a net loss of $591.11 million in 2013, a net
loss of $112.19 million in 2012 and a net loss of $54.92 million
in 2011.

Crowe Horwath LLP, in Oak Brook, Illinois, did not issue a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors
previously expressed substantial doubt about the Company's ability
to continue as a going concern in their report on the consolidated
financial statements for the year ended Dec. 31, 2012.  The
independent auditors noted that Globalstar had suffered recurring
losses from operations and was not in compliance with certain
financial and nonfinancial covenants under certain long-term debt
agreements.


GREEN EARTH: Signs Exclusive IP License & Distribution Agreement
----------------------------------------------------------------
Green Earth Technologies, Inc., entered into an Intellectual
Property Exclusive License and Distribution Agreement with
InventeK Colloidal Cleaners, LLC, and Dr. Paul N. Andrecola.
InventeK is one of the Company's principal suppliers and Dr.
Andrecola beneficially owns InventeK as well as approximately 6
percent of the Company's issued and outstanding shares of common
stock.

Under the Agreement the Company, acquired the following from the
Inventors:

   (i) an exclusive worldwide license to all of the Inventors'
       existing and future products and formulations based on
       InventeK's proprietary colloidal chemistry technology
       related to applications in the oil and gas industry;

  (ii) an exclusive worldwide license right to sell, market and
       distribute any and all InventeK cleaning products; and

(iii) the Inventors' customer list and customers.

The exclusive licenses also include any and all future
improvements and modifications to the products and formulations
covered by the licenses.  The initial term of each license expires
May 20, 2039, and also contains five automatic 10-year renewal
periods.  In consideration for the exclusive licenses the Company
has issued 100,000,000 shares of its common stock to the
Inventors.  As a result, Dr. Andrecola beneficially owns 39
percent of the Company's issued and outstanding shares of common
stock.

"My relationship with Green Earth Technologies began seven years
ago, when Mr. Jeffrey Loch called me to inquire about products for
automotive and household use that are truly environmentally safe
and actually perform as well or better than conventional toxic
chemistries," said Dr. Paul Andrecola, inventor and founder of
InventeK Colloidal Cleaners.  "I love the fact that our
relationship has matured over the years and that GETG has come to
embrace the entire formulary of InventeK's extensive product line,
including well service."

Through GETG's and InventeK's collaborative efforts, InventeK now
boasts a 55,000 sq. ft. state-of-the-art stainless steel food
grade blending facility and laboratory along with an 89,140 sq.
ft. warehouse and office complex in Mt. Laurel, New Jersey.  The
new facilities allow InventeK to formulate, blend, package and
store all of GETG's product lines.  As of June 1, 2014, InventeK
has produced, packaged, and has ready for delivery over 500,000
gallons of G-CLEAN(r) Well Wake-Up!(tm) Well Service Products.

"We anticipate a huge demand for our oil field proven ultimate
biodegradable extremely effective well stimulation products," said
Mr. Jeffrey Loch, president and founder of Green Earth
Technologies.  "Gaining access to these proven 'green'
formulations will help us address 'performance' as well as the
growing environmental concerns facing this industry while
restoring shareholder value to Green Earth Technologies."

"We have had experts in oil technologies from all over the world
meet or speak to Dr. Andrecola about his unique chemistry and they
have been amazed that this green, environmentally safe technology
works as well or better than the highly toxic alternatives," says
Walter Raquet, Interim CEO of Green Earth Technologies.

A copy of the Intellectual Property Exclusive License and
Distribution Agreement dated as of May 20, 2014, is available for
free at http://is.gd/xqz4PJ

A copy of the press release announcing the transaction is
available for free at http://is.gd/vutlrL

                   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.  The Company's balance sheet at March 31, 2014,
showed $10.30 million in total assets, $26.76 million in total
liabilities and a $16.46 million total stockholders' deficit.

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.


GSE ENVIRONMENTAL: To Pay Critical Vendors Up to $4.1 Million
-------------------------------------------------------------
Judge Mary F Walrath of the U.S. Bankruptcy Court for the District
of Delaware entered an order authorizing GSE Environmental Inc.
and its debtor-affiliates to pay certain prepetition claims of
critical vendors not to exceed $4.1 million.

As reported in the Troubled Company Reporter on May 9, 2014, the
Debtors identified 20 vendors as critical vendor candidates.  The
$4.1 million owed to critical vendors is s 22% of the Debtors'
accrued and trade payables of $18.2 million.

                     About GSE Environmental

GSE Environmental -- http://www.gseworld.com-- is a global
manufacturer and marketer of geosynthetic lining solutions,
products and services used in the containment and management of
solids, liquids and gases for organizations engaged in waste
management, mining, water, wastewater and aquaculture.
Headquartered in Houston, Texas, USA, GSE maintains sales offices
throughout the world and manufacturing facilities in the US,
Chile, Germany, Thailand, China and Egypt.

GSE Environmental, Inc. and its affiliates filed for Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 14-11126) on
May 4, 2014 as part of a restructuring support agreement with
their lenders.  The Debtors are seeking joint administration of
their Chapter 11 cases.

GSE announced an agreement with its lenders to restructure its
balance sheet by converting all of its outstanding first lien debt
to equity, leaving the Company well-positioned for long-term
growth and profitability.

The Company has tapped Kirkland & Ellis LLP and Pachulski Stang
Ziehl & Jones LLP as counsel, Alvarez & Marsal North America, LLC,
as restructuring advisor, and Moelis & Company, as financial
advisor.  The first lien lenders are represented by Wachtell,
Lipton, Rosen & Katz.  Prime Clerk is the Debtors' claims agent.

Cantor Fitzgerald Securities as agent for a consortium of DIP
lenders is represented by Nathan Z. Plotkin, Esq., at Shipman &
Goodwin LLP, in Hartford, Connecticut.  The DIP Lenders are
represented by Scott K. Charles, Esq., Emily D. Johnson, Esq., and
and Neil K. Chatani, Esq., at Wachtell, Lipton, Rosen & Katz, in
New York.  The local Delaware counsel to the DIP Lenders and the
DIP Agent is Russell C. Silberglied, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware.

GSE Environmental's non-U.S. subsidiaries are not included in the
U.S. Chapter 11 filings and will continue to operate in the
ordinary course without interruption.


HEALOGICS INC: S&P Affirms 'B' CCR & Removes From CreditWatch Neg.
------------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating on Jacksonville, Fla.-based Healogics Inc. and
removed this rating from CreditWatch negative, where S&P placed it
on May 23, 2014.  The outlook is negative.

S&P assigned its 'B' corporate credit rating to CDRH Parent Inc.,
the indirect parent of Healogics Inc.

At the same time, S&P assigned its 'B' credit rating and '4'
recovery rating to CDRH Parent's new $100 million revolving credit
facility and $400 million first-lien term loan.  The '4' recovery
rating indicates S&P's expectation for average (30% to 50%)
recovery of principal in the event of payment default.  S&P also
assigned its 'CCC+' credit rating and '6' recovery rating to its
new $220 million second-lien term loan.  The '6' recovery rating
indicates S&P's expectation for negligible (0% to 10%) recovery of
principal in the event of payment default.  CDRH Parent will issue
this debt initially and Healogics will become a co-issuer.

S&P's issue-level ratings on Healogics' existing debt are
unchanged.  S&P expects this debt to be redeemed as part of the
transaction, at which time it will withdraw these ratings.

"Healogics provides outsourced wound care under contracts with
hospitals (90% of 2013 revenue) and it manufactures and markets
hyperbaric oxygen therapy chambers (HBOTCs) used in the treatment
of wounds and other medical conditions," said credit analyst Gail
Hessol.  "The rating continues to reflect our "weak" assessment of
Healogics' business risk profile, unchanged as a result of the
transaction, based on the very narrow scope of the company's
business, its inherent vulnerability to changes in third-party
payments to Healogics' customers, and uncertainties about the
long-term trend to outsource wound care.  We assess Healogics'
financial risk profile as "highly leveraged", reflecting our
expectation that adjusted leverage will remain more than 8x into
2016."

S&P's negative outlook on Healogics reflects risks that the
company may not meet its expectations for EBITDA and cash flow
generation over the next few quarters.

Downside scenario

S&P could lower its rating if it concludes that 2014 or 2015
EBITDA will be significantly below $70 million per year or the
company has a persistent cash flow deficit.  This could result
from lower clinic utilization, more contract losses or more
intense price pressure than S&P expects in the wound care
business, continued declines in HBOTC volume, or bigger HSP losses
than S&P expects.

Upside scenario

S&P could revise the outlook to stable if it gains confidence the
company will meet or exceed our base case expectations.  This
includes quarterly EBITDA near $20 million (excluding transaction
costs) in the remainder of 2014.


HILLSHIRE BRANDS: Fitch Retains 'B' Ratings Over Tyson Foods Offer
------------------------------------------------------------------
According to Fitch Ratings, the ratings and Evolving Watch on the
ratings of The Hillshire Brands Co. (Hillshire; NYSE:HSH) are
currently unaffected by Tyson Foods, Inc.'s (Tyson; NYSE: TSN:
'BBB/Stable') June 8, 2014 unilateral binding offer to acquire
Hillshire for $63 per share in cash or approximately $8.6 billion
including Hillshire's net debt.

The proposal, which is contingent on Hillshire terminating its
definitive agreement to acquire Pinnacle Foods, Inc. (Pinnacle;
NYSE: PF), includes the $163 million breakup fee payable to
Pinnacle. The bidding process was concluded and Pilgrim's Pride
Corp. withdrew its proposal to acquire Hillshire.

Tyson's offer represents a 69% premium over Hillshire's stock
price on May 9, the day prior to Hillshire's announced agreement
to acquire Pinnacle. However, Hillshire's board of directors has
not approved Tyson's offer, has not changed its recommendation
regarding its acquisition of Pinnacle, and is not making any
recommendation with respect to Tyson's offer.

Fitch expects to resolve the Rating Watch Evolving on Hillshire's
ratings upon further clarity on its agreement with Pinnacle and
potential acquisition by Tyson. A Hillshire/Pinnacle combination
could result in an additional downgrade. However, based on Fitch's
parent-subsidiary linkage criteria, upside exists for Hillshire's
ratings if it is acquired by Tyson. Tyson's offer will remain in
effect until the earlier of the termination of Hillshire's
agreement with Pinnacle or Dec. 12, 2014.

RATING SENSITIVITIES

Future developments that may lead to a positive rating action
include:

-- A definitive agreement to be acquired by Tyson, which is rated
    'BBB'/Stable Outlook, given Fitch's parent-subsidiary linkage
    criteria.

Future developments that may lead to a downgrade to 'BB-' include:

-- Hillshire remaining independent and proceeding with the
    acquisition of Pinnacle, as currently proposed;

-- Fitch's analysis of its final projections under a
    Hillshire/Pinnacle transaction that results in total debt-to-
    operating EBITDA remaining at or above the 4.5x range within
    18-24 months of transaction closing due to the lack of
    sufficient free cash flow to achieve lower leverage.

Fitch currently rates Hillshire as follows:

-- Long-term IDR 'BB';
-- Senior unsecured notes 'BB';
-- Bank credit facility 'BB';
-- Short-term IDR 'B';
-- Commercial paper 'B'.

The Rating Watch is Evolving. At March 29, 2014, Hillshire had
$942 million of total debt.


HOLLY HILL COMMUNITY CHURCH: Files for Chapter 11 in Los Angeles
----------------------------------------------------------------
Holly Hill Community Church, a protestant church in Los Angeles,
filed for Chapter 11 protection (Bankr. C.D. Cal. Case No.
14-21070) on June 5, 2014, without stating a reason.

Holly Hill, a California non-profit corporation incorporated for
the purposes of conducting religious activities as a protestant
Christian church, disclosed $20 million in assets and $12 million
in debt.  The formal schedules of assets and liabilities and
statement of financial affairs are due June 19, 2014.

John Jenchun Suh, the pastor and CEO of the church, signed the
bankruptcy petition.  W. Dan Lee of the Lee Law Offices, in Los
Angeles, is representing the church in its restructuring effort.

Downtown Capital LLC and Parker Shumaker Mills LLP are some of the
unsecured creditors.


HYDROCARB ENERGY: Amends Current Report to Add Exhibits
-------------------------------------------------------
Hydrocarb Energy Corporation previously filed a current report
with the U.S. Securities and Exchange Commission, on Dec. 3, 2013,
to disclose entry into a Stock Exchange Agreement dated as of
Nov. 27, 2013, by and among Duma Energy Corp., Hydrocarb
Corporation, the holders of 100 percent of the shares of common
stock and preferred stock of HCN, and the holders of rights to
acquire DUMA common stock.  This transaction will make HCN a
wholly-owned subsidiary of DUMA.

The Company amended the Report to add these exhibits:

   10.1 Stock Exchange Agreement

        http://is.gd/AI0lQz

   10.2 Exhibit A to Stock Exchange Agreement

        http://is.gd/kAKzE2

   10.3 Exhibit B to Stock Exchange Agreement

        http://is.gd/8WUPfo

                        About Hydrocarb Energy

Hydrocarb Energy, formerly known as Duma Energy Corp, is a
publicly-traded Domestic and International energy exploration and
production company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world.
With exploration concessions in Africa, production in Galveston
Bay and Oil Field Services in the United Arab Emirates, the
Company maintain offices in Houston, Texas, Abu Dhabi, UAE and
Windhoek, Namibia.

Duma Energy incurred a net loss of $40.47 million for the year
ended July 31, 2013, a net loss of $4.57 million for the year
ended July 31, 2012, and a net loss of  $10.28 million for the
year ended July 31, 2011.  As of July 31, 2013, the Company had
$26.27 million in total assets, $16.91 million in total
liabilities and $9.36 million in total stockholders' equity.


ISC8 INC: Incurs $4.6 Million Net Loss in Second Quarter
--------------------------------------------------------
ISC8 Inc. filed with the U.S. Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $4.60
million on $78,000 of revenues for the three months ended
March 31, 2014, as compared with a net loss of $9.59 million on
$102,000 of revenues for the same period in 2013.

For the six months ended March 31, 2014, the Company reported a
net loss of $5.11 million on $171,000 of revenues as compared with
a net loss of $11.75 million on $196,000 of revenues for the same
period last year.

As of March 31, 2014, the Company had $3.12 million in total
assets, $12.66 million in total liabilities and a $9.53 million
total stockholders' deficit.

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

                        http://is.gd/aRS1Jf

                            About ISC8 Inc.

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

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

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


ISTAR FINANCIAL: S&P Assigns 'B+' Rating to 3 & 5-Yr. Unsec. Notes
------------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B+'
ratings on iStar Financial Inc.'s proposed issuance of three- and
five-year unsecured notes.  At the same time, S&P affirmed its
'B+' long-term issuer credit rating on iStar.  The outlook remains
stable.

"iStar's issuance of $1.32 billion of unsecured debt and
subsequent paydown of roughly an equal amount of secured debt will
improve the company's liquidity and financial flexibility by
extending its debt maturities and unencumbering a substantial
portion of its balance sheet," said Standard & Poor's credit
analyst Brendan Browne.  Following the proposed transactions, more
than 80% of the company's assets will be unencumbered--up from
just over half--and unsecured debt maturing in 2017 and 2019 will
replace the $1.3 billion of secured debt due in 2017.

"Despite these improvements, we are maintaining our 'B+' rating on
iStar because of the considerable challenges the company still
faces to improve its earnings and work through the large
portfolios of land and operating properties that it obtained
through foreclosure," said Mr. Browne.  The land portfolio, in
particular, has had a large drag on earnings, and S&P believes the
company is operating at a loss even excluding nonrecurring items.

The stable outlook reflects S&P's expectation that iStar will
report losses at least through 2014, but will make further
progress in improving, leasing out, and selling portions of its
portfolio of operating properties.  The company will also incur
more expenses on its land portfolio but may increase its sale of
lots.  Lastly, its originations of new loans and leases should
rise in 2014 and 2015.

S&P believes that iStar will ultimately return to profitability,
once it has resolved a larger portion of the problems relating to
its portfolios of land and operating properties.  However, it is
difficult to forecast how long the company will take to sell a
significant portion of those properties or generate additional
income from them, which would remove their drag on earnings.


KEMET CORP: Files Conflict Minerals Report with SEC
---------------------------------------------------
KEMET Corporation filed with the U.S. Securities and Exchange
Commission a specialized disclosure report on Form SD pursuant to
Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1)
for the reporting period from January 1 to Dec. 31, 2013.

The Securities and Exchange Commission, in August 2012, adopted a
rule mandated by the Dodd-Frank Wall Street Reform and Consumer
Protection Act to require companies to publicly disclose their use
of conflict minerals that originated in the Democratic Republic of
the Congo (DRC) or an adjoining country.

A copy of the Conflict Minerals Report is available for free at:

                        http://is.gd/Ykpz8q


                            About KEMET

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

The Company's balance sheet at March 31, 2014, showed $843.01
million in total assets, $620.08 million in total liabilities and
$222.93 million in total stockholders' equity.

                            *     *     *

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

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

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


LEVEL 3: Consulting Agreement with Thomas Stortz Reinstated
-----------------------------------------------------------
In connection with Thomas C. Stortz's retirement effective June 1,
2014, as executive vice president, chief administrative officer
and secretary, the suspension of his Feb. 6, 2011, consulting
agreement was automatically lifted, and the consulting agreement
was reinstated for the remaining 10 months of its term.

In relation to Mr. Stortz rejoining the Company in June 2011, his
consulting agreement dated Feb. 6, 2011, with Level 3
Communications, LLC, a wholly owned subsidiary of the Level 3
Communications, Inc., was modified to suspend the remaining term
of that agreement until Mr. Stortz's employment with the Company
or any of its subsidiaries terminated.

The parties to the consulting agreement entered into a Second
Amendment to Consulting Agreement, dated as of June 2, 2014, to:

   (a) substitute 15,596 Performance Restricted Stock Units for
       the outperform stock appreciation rights instruments
       ("OSOs") that were to be delivered to Mr. Stortz as partial
       consideration for his consulting services, because the
       Company no longer issues OSOs;

   (b) adjust the Restricted Stock Unit awards provided to Mr.
       Stortz to 15,596 on account of the 1-for-15 reverse stock
       split that the Company implemented effective in October,
       2011;

   (c) extend Mr. Stortz' non-competition and non-solicitation
       obligations until July 1, 2015; and

   (d) obtain a current release of liability in favor of the
       Company.

A full-text copy of the Second Amendment to Consulting Agreement
is available for free at http://goo.gl/k73tgu

                    About Level 3 Communications

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

Level 3 incurred a net loss of $109 million in 2013, a net
loss of $422 million in 2012 and a net loss of $756 million in
2011.  The Company's balance sheet at March 31, 2014, the Company
had $12.88 billion in total assets, $11.29 billion in total
liabilities and $1.59 billion in total stockholders' equity.

                           *     *     *

In June 2014, Fitch Ratings upgraded the Issuer Default Rating
(IDR) assigned to Level 3 Communications, Inc. (LVLT) and its
wholly owned subsidiary Level 3 Financing, Inc. (Level 3
Financing) to 'B+' from 'B'.

"The upgrade of LVLT's ratings is supported by the continued
strengthening of the company's credit profile since the close of
the Global Crossing Limited (GLBC) acquisition, positive operating
momentum evidenced by expanding gross and EBITDA margins, and
ongoing revenue growth within the company's Core Network Services
(CNS) segment and its position to generate meaning FCF," Fitch
stated.

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


LOUISIANA RIVERBOAT: Plan Effective Date Occurred on April 30
-------------------------------------------------------------
The effective date of the joint Chapter 11 plan for Louisiana
Riverboat Gaming Partnership and its debtor affiliates occurred on
April 30, 2014.

On April 25, 2014, after the April 28 hearing to consider the
Debtors'  motion for order in aid of consummation of the Plan.


As reported by the Troubled Company Reporter on July 10, 2013, the
Hon. Stephen V. Callaway of the U.S. Bankruptcy Court for the
Western District of Louisiana confirmed the Plan, which provides
that, on the Effective Date, new interests will be issued to first
lien lenders from whom the Debtors owed $181.2 million.  A full-
text copy of the Plan, dated June 26, 2013, is available at:

     http://bankrupt.com/misc/LOUISIANARIVERBOATplan0626.pdf

The Court entered on April 28, 2014, an order granting the
Debtors' motion for order in aid of consummation of the Plan.  A
copy of the order is available for free at http://is.gd/0vgFB8

On April 30, 2014, the ad hoc group of first lien lenders and the
Reorganized Debtors entered into a stipulation and agreement with
respect to the consummation of the Plan.  The Parties stipulated
that, among other things, the Reorganized Debtors, after the
occurrence of the Effective Date, will: (i) assume and pay in full
all unpaid fees and expenses due to or incurred by professionals
for the Debtors through the Effective Date, including the fees and
expenses of Kasowitz, Benson, Torres, & Friedman, LLP in the
ordinary course of business; and (ii) assume and pay in full the
reasonable fees and expenses due to or incurred by the first lien
ad hoc group's professionals, Houlihan, Lokey, Howard & Zukin
Capital, Inc., through the Effective Date of the Plan in the
ordinary course of business.  The transaction fee due to Houlihan
Lokey will be paid in five successive monthly installments of
$100,000 each beginning on the Effective Date until paid in full.

A copy of the Stipulation is available for free at:

                        http://is.gd/HuU5uX

The Court entered on May 2, 2014, an order granting the Debtors'
motion to estimate and allow the scheduled claim of Kim Evans in
the amount of $1,000 and to disallow all other amounts sought.
The Court ordered that, subject to the occurrence of the Effective
Date of the Plan, except for any recovery due on account of the
Evans Claim under the Plan, Evans is ?permanently enjoined after
the Confirmation Date from: (i) commencing, conducting or
continuing in any manner, directly or indirectly, any suit, action
or other proceeding of any kind against or affecting the Debtors,
the Reorganized Debtors, or any of their property, the released
parties, or any direct or indirect transferee of any property of
or direct or indirect successor in interest to, any of the
foregoing persons or any property of any transferee or successor .
. ." related to the Evans Claim; and that any pending litigation
related to the Evans Claim commenced by Evans against the Debtors,
or anyone liable with or for the Debtors, including the insurers,
is permanently enjoined from further prosecution.

                       About Legends Gaming

Legends Gaming LLC, owns gaming facilities located in Bossier
City, Louisiana, and Vicksburg, Mississippi, operating under the
DiamondJack's trade name.

Legends Gaming LLC, and five related entities, including Louisiana
Riverboat Gaming Partnership, filed Chapter 11 petitions (Bankr.
W.D. La. Case No. 12-12013) in Shreveport, Indiana, on July 31,
2012, to sell the business for $125 million to Global Gaming
Solutions LLC, absent higher and better offers.

Legends Gaming acquired the business from Isle of Capri Casinos
Inc., in 2006 for $240 million.  After breaching covenant with
lenders, the Debtors in March 2008 sought Chapter 11 protection,
jointly administered under Louisiana Gaming Partnership (Case No.
08-10824).  The Debtors emerged from bankruptcy in September 2009
and retained ownership and operation of two "DiamondJacks" hotels
and casinos in Bossier City and Vicksburg.  The Plan restructured
$162.1 million owed to the first lien lenders and $75 million owed
to secured lien lenders, which would be paid in full, with
interest, over time.

The Debtors' properties comprise 60,000 square feet of gaming
space with 1,913 slot machines, 48 table games and 693 hotel
rooms.  Revenues in fiscal 2011 were $99.8 million in Louisiana
and $39.7 million in Mississippi.

As of July 31, 2012, first lien lenders are owed $181.2 million
and second lien lenders are owed $114.7 million.  Louisiana
Riverboat Gaming Partnership disclosed $104,846,159 in assets and
$298,298,911 in liabilities as of the Chapter 11 filing.

Attorneys at Heller, Draper, Hayden Patrick & Horn serve as
counsel to the Debtors.  Sea Port Group Securities, LLC is the
financial advisor.  Kurtzman Carson Consultants LLC as is the
claims and notice agent.  The Debtors have tapped Jenner & Block
LLP as special counsel.

The primary purposes of the Plan are: (i) to provide for the sale
of substantially all of the Debtors' assets to Global Gaming
Legends, LLC, a Delaware limited liability company, Global Gaming
Vicksburg, LLC, a Delaware limited liability company and Global
Gaming Bossier City, LLC, a Delaware limited liability company,
pursuant to a  certain Purchase Agreement dated as of July 25,
2012; and (ii) to provide for payments and distributions to
creditors.


MILESTONE SCIENTIFIC: Five Directors Re-elected to Board
--------------------------------------------------------
Milestone Scientific Inc. held its 2014 annual meeting of
stockholders on June 4, 2014, at which the stockholders elected
five incumbent directors to serve until the next annual meeting of
the Company's stockholders or until their respective successors
have been duly elected and qualified, namely: (1) Leslie Bernhard,
(2) Leonard A. Osser, (3) Pablo Felipe Serna Cardenas, (4) Leonard
M. Schiller, and (5) Gian Domenico Trombetta.

The stockholders also approved, on an advisory basis, the
appointment of Baker Tilly Virchow Krause LLP as the Company's
independent auditors for the 2014 fiscal year.

                     About Milestone Scientific

Livingston, N.J.-based Milestone Scientific Inc. is engaged in
pioneering proprietary, innovative, computer-controlled injection
technologies and solutions for the medical and dental markets.

Milestone Scientific reported net income of $1.46 million in 2013,
as compared with a net loss of $870,306 in 2012.

Baker Tilly Virchow Krause, LLP, in New York, issued "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has suffered recurring losses from operations
since inception, which raises substantial doubt about its ability
to continue as a going concern.

The Company's balance sheet at March 31, 2014, showed $8.09
million in total assets, $2.20 million in total liabilities, all
current and $5.88 million in total stockholders' equity.


MONTREAL MAINE: Court Sets June 30 as Plan Moratorium Period
------------------------------------------------------------
Bankruptcy Judge Louis H. Kornreich entered an order regarding the
motion and the cross-border insolvency protocol of Robert J.
Keach, Esq., the Chapter 11 trustee for Montreal Maine & Atlantic
Railway, Ltd., to establish (i) a moratorium on plan proceedings;
(ii) a settlement process; and (iii) a plan process in the event
of multiple plans.

The Court set that until June 30, 2014 -- the Moratorium Period
-- no party will proceed with respect to any filed plan, file any
plan or disclosure statement, file any additional or amended plan
or disclosure statement, or attempt to schedule hearings with
respect to any plan or disclosure statement, and any scheduled
hearings with respect to any plan or disclosure statement are
adjourned and continued without day, pending further order of the
Court.

Previously, the Court disapproved the Disclosure Statement for the
Amended Chapter 11 Plan dated Jan. 29, 2014, proposed by the
Unofficial Committee of Wrongful Death Claimants.

The Chapter 11 trustee and other parties had objected to the
adequacy of the Disclosure Statement.  The trustee, in its
objection, stated that the Claimants' Amended Plan is allegedly
being proposed by entirely different plan proponents and is,
therefore, an entirely different plan.  The new proponents of the
Amended Plan must comply anew with all applicable provisions of
the Bankruptcy Code relating to the plan process, including the
disclosure requirements dictated by Section 1125 of the Bankruptcy
Code.

As reported by The Troubled Company Reporter, the unofficial
committee -- consisting of the representatives of the probate
estates of the 47 victims in the Lac-Megantic, Quebec derailment -
- proposed a plan that will distribute 75% of the $25 million in
insurance recoveries to those who died, and 25% to people whose
property was damaged or destroyed.  Another proposal is before the
Canadian court overseeing the Debtor's bankruptcy proceeding.  In
Canada, lawyers for a class of 1,500 damage victims advocate a
distribution under Canadian law giving the entire $25 million to
victims, and nothing to lawyers.  The Canadian proposal also calls
for distributing the $14.3 million realized from selling the
railroad to claimants under Canadian law.

                      About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as
his chapter 11 bankruptcy counsel, led by Michael A. Fagone, Esq.,
and D. Sam Anderson, Esq.  Development Specialists, Inc., serves
as the Chapter 11 trustee's financial advisor.  Gordian Group,
LLC, serves as the Chapter 11 Trustee's investment banker.

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

Justice Martin Castonguay oversees the case in Canada.

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

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

In the Canadian case, Andrew Adessky at Richter Consulting has
been appointed CCAA monitor.  The CCAA Monitor is represented by
Sylvain Vauclair at Woods LLP.  MM&A Canada is represented by
Patrice Benoit, Esq., at Gowling LaFleur Henderson LLP.

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

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

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

On Jan. 23, 2014, the Debtors won authorization to sell
substantially all of their assets to Railroad Acquisition Holdings
LLC, an affiliate of New York-based Fortress Investment Group, for
$15.7 million.  The Bankruptcy Courts in the U.S. and Canada
approved the sale.  The Fortress unit is represented by Terence M.
Hynes, Esq., and Jeffrey C. Steen, Esq., at Sidley Austin LLP.

On Jan. 29, 2014, an ad hoc group of wrongful-death claimants
submitted a plan, which would give 75% of the $25 million in
available insurance to the families of those who died after an
unattended train derailed in Lac-Megantic, Quebec, in July.  The
other 25% would be earmarked for claimants seeking compensation
for property that was damaged when much of the town burned.
Former U.S. Senator George Mitchell, a Democrat who represented
Maine in the U.S. Senate from 1980 to 1995 and who is now chairman
emeritus of law firm DLA Piper LLP, would administer the plan and
lead the effort to wrap up MM&A's Chapter 11 bankruptcy.

As reported by the Troubled Company Reporter on April 3, 2014,
Judge Kornreich ruled that the unofficial committee of wrongful
death claimants and its counsel have failed to comply with Rule
2019 of the Federal Rules of Bankruptcy Procedure, and as a result
of that failure, the Unofficial Committee and its counsel will not
be heard on any pending matter in the case.

As reported by the TCR on April 11, 2014, Judge Kornreich rejected
the disclosure statement for the Plan filed by the ad hoc group of
wrongful-death claimants, holding that the Plan is flawed and
unconfirmable.


MONTREAL MAINE: Granted More Time to Decide on Unexpired Leases
---------------------------------------------------------------
The Bankruptcy Court granted Robert J. Keach, Esq., the Chapter 11
trustee for Montreal Maine & Atlantic Railway, Ltd., an additional
90-day extension of the period to assume or reject certain non-
residential real property leases.

The Chapter 11 trustee, in its motion, stated that the extension
will ensure that the status quo is maintained pending the closing
on the sale of all or substantially all of the Debtor's assets to
Railroad Acquisition Holdings, LLC.  The trustee said that the
purchaser intends to assume some or all of the leases.

The Chapter 11 trustee is represented by:

         D. Sam Anderson, Esq.
         Michael A. Fagone, Esq.
         BERNSTEIN, SHUR, SAWYER & NELSON
         100 Middle St.
         P.O. Box 9729
         Portland, ME 04104-5029
         Tel: (207) 774-1200

As reported in the Troubled Company Reporter on March 18, 2014,
the Debtor is party to these residential real property leases:

     (a) land easement dated May 25, 1993 with Arlene L.
         Larson to install underground communications
         transmission system;

     (b) land easement dated May 26, 1993 with the town
         of Medford, Maine, to install underground
         communications transmission system;

     (c) commercial lease dated August 1, 2004 with Larry
         Springer for a building in Hernon, Maine;

     (d) ground lease dated May 14, 2013 with the Jackman
         Utility District for loading and unloading
         railcars;

     (e) lease dated January 24, 2014 with Judy L. Dionne
         for land on which the Debtor's radio tower is
         located;

     (f) lease dated April 1, 2003 with Cole Land Company
         for land on which the Debtor's radio tower is
         located; and

     (g) lease renewal dated July 19, 2012 with Thomas and
         Eva Young for land on which the Debtor's radio
         tower is located.

Sam Anderson, Esq., at Bernstein, Shur, Sawyer & Nelson, in
Portland, Maine, who represents Mr. Keach, explains that the sale
of substantially all of Montreal Maine & A assets to Railroad
Acquisition Holdings, LLC, is expected to close sometime in March
2014. Railroad Acquisition has indicated its intent to assume
certain contracts including the leases.

The underground easements and radio tower land leases would be
difficult to re-rent in the marketplace, Mr. Anderson explains,
thus, the lessors will not be prejudiced with an extension.

All lease counterparties except for the Youngs, which they were
not able to reach, have verbally consented to the requested
extension, adds Mr. Anderson.

                      About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as
his chapter 11 bankruptcy counsel, led by Michael A. Fagone, Esq.,
and D. Sam Anderson, Esq.  Development Specialists, Inc., serves
as the Chapter 11 trustee's financial advisor.  Gordian Group,
LLC, serves as the Chapter 11 Trustee's investment banker.

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

Justice Martin Castonguay oversees the case in Canada.

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

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

In the Canadian case, Andrew Adessky at Richter Consulting has
been appointed CCAA monitor.  The CCAA Monitor is represented by
Sylvain Vauclair at Woods LLP.  MM&A Canada is represented by
Patrice Benoit, Esq., at Gowling LaFleur Henderson LLP.

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

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

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

On Jan. 23, 2014, the Debtors won authorization to sell
substantially all of their assets to Railroad Acquisition Holdings
LLC, an affiliate of New York-based Fortress Investment Group, for
$15.7 million.  The Bankruptcy Courts in the U.S. and Canada
approved the sale.  The Fortress unit is represented by Terence M.
Hynes, Esq., and Jeffrey C. Steen, Esq., at Sidley Austin LLP.

On Jan. 29, 2014, an ad hoc group of wrongful-death claimants
submitted a plan, which would give 75% of the $25 million in
available insurance to the families of those who died after an
unattended train derailed in Lac-Megantic, Quebec, in July.  The
other 25% would be earmarked for claimants seeking compensation
for property that was damaged when much of the town burned.
Former U.S. Senator George Mitchell, a Democrat who represented
Maine in the U.S. Senate from 1980 to 1995 and who is now chairman
emeritus of law firm DLA Piper LLP, would administer the plan and
lead the effort to wrap up MM&A's Chapter 11 bankruptcy.

As reported by the Troubled Company Reporter on April 3, 2014,
Judge Kornreich ruled that the unofficial committee of wrongful
death claimants and its counsel have failed to comply with Rule
2019 of the Federal Rules of Bankruptcy Procedure, and as a result
of that failure, the Unofficial Committee and its counsel will not
be heard on any pending matter in the case.

As reported by the TCR on April 11, 2014, Judge Kornreich rejected
the disclosure statement for the Plan filed by the ad hoc group of
wrongful-death claimants, holding that the Plan is flawed and
unconfirmable.


MONTREAL MAINE: Trustee Loses Bid to Strike Tax Credit Findings
---------------------------------------------------------------
Bankruptcy Judge Louis H. Kornreich denied the motion of Robert J.
Keach, the Chapter 11 trustee for Montreal Maine & Atlantic
Railway, Ltd., to amend or strike the findings of fact made by the
Court on the record at the March 13, 2014 hearing in relation to
its motion for order authorizing the assignment of tax credits.

The Chapter 11 trustee, in its motion, explained that the findings
were unnecessary for the relief granted in the decision and order,
and are not supported by the evidence presented.

At the March 13 hearing, the Court indicated that it intended to
rule on the issue of Wheeling & Lake Erie Railway Company's
interest in and to the proceeds of the Track Maintenance
Agreement, and would state its findings and conclusions in
relation to that ruling on the record, as opposed to issuing a
detailed written decision.  The Court acknowledged that Wheeling
had been assigned the burden of proof and the burden of going
forward with respect to the extent and validity of its interest in
and to the Net Funds.

                      About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as
his chapter 11 bankruptcy counsel, led by Michael A. Fagone, Esq.,
and D. Sam Anderson, Esq.  Development Specialists, Inc., serves
as the Chapter 11 trustee's financial advisor.  Gordian Group,
LLC, serves as the Chapter 11 Trustee's investment banker.

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

Justice Martin Castonguay oversees the case in Canada.

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

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

In the Canadian case, Andrew Adessky at Richter Consulting has
been appointed CCAA monitor.  The CCAA Monitor is represented by
Sylvain Vauclair at Woods LLP.  MM&A Canada is represented by
Patrice Benoit, Esq., at Gowling LaFleur Henderson LLP.

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

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

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

On Jan. 23, 2014, the Debtors won authorization to sell
substantially all of their assets to Railroad Acquisition Holdings
LLC, an affiliate of New York-based Fortress Investment Group, for
$15.7 million.  The Bankruptcy Courts in the U.S. and Canada
approved the sale.  The Fortress unit is represented by Terence M.
Hynes, Esq., and Jeffrey C. Steen, Esq., at Sidley Austin LLP.

On Jan. 29, 2014, an ad hoc group of wrongful-death claimants
submitted a plan, which would give 75% of the $25 million in
available insurance to the families of those who died after an
unattended train derailed in Lac-Megantic, Quebec, in July.  The
other 25% would be earmarked for claimants seeking compensation
for property that was damaged when much of the town burned.
Former U.S. Senator George Mitchell, a Democrat who represented
Maine in the U.S. Senate from 1980 to 1995 and who is now chairman
emeritus of law firm DLA Piper LLP, would administer the plan and
lead the effort to wrap up MM&A's Chapter 11 bankruptcy.

As reported by the Troubled Company Reporter on April 3, 2014,
Judge Kornreich ruled that the unofficial committee of wrongful
death claimants and its counsel have failed to comply with Rule
2019 of the Federal Rules of Bankruptcy Procedure, and as a result
of that failure, the Unofficial Committee and its counsel will not
be heard on any pending matter in the case.

As reported by the TCR on April 11, 2014, Judge Kornreich rejected
the disclosure statement for the Plan filed by the ad hoc group of
wrongful-death claimants, holding that the Plan is flawed and
unconfirmable.


MONROVIA MYRTLE: Case Summary & 6 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Monrovia Myrtle, LLC, Debtor
        8491 Sunset Boulevard, Suite 248
        Los Angeles, CA 90069

Case No.: 14-21299

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 9, 2014

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

Debtor's Counsel: Simon Aron, Esq.
                  WOLF, RIFKIN, SHAPIRO & SCHULMAN LLP
                  11400 W Olympic Blvd 9th Fl
                  Los Angeles, CA 90064-1565
                  Tel: 310-478-4100
                  Fax: 310-479-1422
                  Email: saron@wrslawyers.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Theodore Fox, manager.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb14-21299.pdf


MORNINGSTAR MARKETPLACE: Court Okays Francis Musso as Accountant
----------------------------------------------------------------
Morningstar Marketplace, Ltd. sought and obtained permission from
the Hon. Mary D. France of the U.s. Bankruptcy Court for the
Middle District of Pennsylvania to employ Francis C. Musso, CPA as
accountant, nunc pro tunc to Apr. 4, 2014.

The professional services to be rendered by the accountant include
but are not limited to:

   (a) providing the Debtor with accounting advice during the
       continued operation of its business and management of its
       property; and

   (b) preparing and filing on the Debtor's behalf, as accountant,
       documents for the Debtor as Debtor-in-Possession which may
       be necessary.

All charges will be billed at the accountant's standard hourly
rates otherwise for comparable work performed by the accountant
such rates currently being, Francis C. Musso, CPA, MPA, $250 and
$60 to $125 for support staff, including individuals involved in
data entry.

Francis C. Musso will also be reimbursed for reasonable out-of-
pocket expenses incurred.

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

The Debtor amended the application after Roberta A. De Angelis,
the U.S. Trustee, objected to the Debtor's application to employ
Mr. Musso nunc pro tunc to Feb. 3, 2014.  The U.S. Trustee said
that no professional is entitled to receive compensation for
services rendered prior to Court approval of his or her
employment.

The Accountant can be reached at:

       Francis C. Musso, CPA, MPA
       2006 Marietta Avenue
       Lancaster, PA 17603
       Tel: (717) 397-2212
       Fax: (717) 397-5040

                  About Morningstar Marketplace

Morningstar Marketplace, LTD, operator of a flea market business
in St. Thomas, Pennsylvania, filed a Chapter 11 bankruptcy
petition (Bankr. M.D. Pa. Case No. 14-00451) in Harrisburg on
Feb. 3, 2014.  Judge Mary D France presides over the case.
Attorneys at Smigel, Anderson & Sacks, LLP serve as counsel to the
Debtor.  The Debtor estimated $100 million to $500 million in
assets and liabilities.


MORNINGSTAR MARKETPLACE: Court Approves KW Commercial as Broker
---------------------------------------------------------------
Morningstar Marketplace, Ltd. sought and obtained permission from
the Hon. Mary D. France of the U.S. Bankruptcy Court for the
Middle District of Pennsylvania to employ KW Commercial/Keller
Williams of Central PA East as broker for the sale of the Debtor's
real property and the business.

The Debtor's real property is located at 5309 Lincoln Highway W.,
Thomasville, PA 17364.

The Debtor elected to jointly sell the real property as well as
the assets of Morningstar Solar LLC and Morningstar Marketplace,
Inc. as a going concern.

KW Commercial will charge a commission of 6% of the sale price.
KW Commercial's 6% commission is to be split evenly with a buyer's
agent.

The parties' Listing Contract will expire on Mar. 31, 2015.

KW Commercial can be reached at:

       KW Commercial
       1221 S. Mopac Expy., Ste. 400
       Austin, TX 78746
       Tel: (512) 327-3070
       Fax: (512) 328-1433

                  About Morningstar Marketplace

Morningstar Marketplace, LTD, operator of a flea market business
in St. Thomas, Pennsylvania, filed a Chapter 11 bankruptcy
petition (Bankr. M.D. Pa. Case No. 14-00451) in Harrisburg on
Feb. 3, 2014.  Judge Mary D France presides over the case.
Attorneys at Smigel, Anderson & Sacks, LLP serve as counsel to the
Debtor.  The Debtor estimated $100 million to $500 million in
assets and liabilities.


N-VIRO INTERNATIONAL: Incurs $1.6 Million Net Loss in 2013
----------------------------------------------------------
N-Viro International Corporation filed with the U.S. Securities
and Exchange Commission its annual report on Form 10-K disclosing
a net loss of $1.64 million on $3.37 million of revenues for the
year ended Dec. 31, 2013, as compared with a  net loss of $1.63
million on $3.58 million of revenues during the prior year.

As of Dec. 31, 2013, N-Viro International had $1.77 million in
total assets, $2.41 million in total liabilities and a $636,932
total stockholders' deficit.

UHY LLP, in Farmington Hills, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company's recurring losses, negative cash flow from operations
and net working capital deficiency raise substantial doubt about
its ability to continue as a going concern.

A full-text copy of the Form 10-K is available for free at:

                        http://goo.gl/2rI8ev

                     About N-Viro International

Toledo, Ohio-based N-Viro International Corporation owns and
sometimes licenses various N-Viro processes and patented
technologies to treat and recycle wastewater and other bio-organic
wastes, utilizing certain alkaline and mineral by-products
produced by the cement, lime, electrical generation and other
industries.


NEWLEAD HOLDINGS: MGP Seeks Additional 5.2MM Settlement Shares
--------------------------------------------------------------
MG Partners Limited, on June 2, 2014, requested 2,500,000
additional settlement shares and on June 3, 2014, MGP requested
2,700,000 additional settlement Shares pursuant to the terms of a
settlement agreement approved approved by the Supreme Court of the
State of New York, County of New York.  Following the issuances of
the above amounts, NewLead Holdings Ltd. will have approximately
35,061,763 shares outstanding, which outstanding amount includes
recent share issuances related to previously issued convertible
notes and partial conversions of outstanding preferred stock.

On Dec. 2, 2013, the Supreme Court entered an order approving,
among other things, the fairness of the terms and conditions of an
exchange pursuant to Section 3(a)(10) of the Securities Act of
1933, as amended, in accordance with a stipulation of settlement
among NewLead Holdings Ltd., Hanover Holdings I, LLC, and MG
Partners Limited, in the matter entitled Hanover Holdings I, LLC
v. NewLead Holdings Ltd., Case No. 160776/2013.  Hanover commenced
the Action against the Company on Nov. 19, 2013, to recover an
aggregate of $44,822,523 of past-due indebtedness of the Company,
which Hanover had purchased from certain creditors of the Company
pursuant to the terms of separate purchase agreements between
Hanover and each of those creditors, plus fees and costs.  The
Order provides for the full and final settlement of the Claim and
the Action.  The Settlement Agreement became effective and binding
upon the Company, Hanover and MGP upon execution of the Order by
the Court on Dec. 2, 2013.

Pursuant to the terms of the Settlement Agreement approved by the
Order, on Dec. 2, 2013, the Company issued and delivered to MGP,
as Hanover's designee, 3,500 shares of the Company's common stock,
$5.00 par value.

As previously reported, between Jan. 3, 2014, and May 30, 2014,
the Company issued and delivered to MGP an aggregate of 7,258,000
Additional Settlement Shares pursuant to the terms of the
Settlement Agreement approved by the Order.

A full-text copy of the Form 6-K as filed with the U.S. Securities
and Exchange Commission is available for free at:

                        http://goo.gl/cgXlOR

                       About NewLead Holdings

Based in Athina, Greece, NewLead Holdings Ltd. --
http://www.newleadholdings.com/-- is an international, vertically
integrated shipping company that owns and manages product tankers
and dry bulk vessels.  NewLead currently controls 22 vessels,
including six double-hull product tankers and 16 dry bulk vessels
of which two are newbuildings.  NewLead's common shares are traded
under the symbol "NEWL" on the NASDAQ Global Select Market.

NewLead Holdings reported a net loss of $158.22 million on $7.34
million of operating revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $403.92 million on $8.92 million of
operating revenues in 2012.  The Company's balance sheet at
Dec. 31, 2013, showed $151.33 million in total assets, $292.68
million in total liabilities and a $141.34 million total
shareholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has incurred a net loss, negative operating cash
flows, a working capital deficiency, and shareholders' deficiency
and has defaulted under its credit facility agreements.  Those
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


NGL ENERGY: Fitch's 'BB' IDR Not Affected by Pending $200MM Buyout
------------------------------------------------------------------
Fitch Ratings does not expect to change NGL Energy Partners LP's
(NGL Energy) 'BB' Issuer Default Rating (IDR) or 'BB-' senior
unsecured rating following the company's announcement that it has
agreed to acquire TransMontaigne Inc., 19.7% of the outstanding LP
units of TransMontaigne Partners LP, and certain associated
entities for $200 million in cash.

NGL plans to acquire TransMontaigne Inc., which holds the GP for
TransMontaigne Partners L.P., 19.7% of outstanding LP units of
TransMontaigne Partners L.P. and related entities. The transaction
is expected to close in 3Q14 subject to regulatory approval. The
assets are being acquired from affiliates of Morgan Stanley.

The 'BB' rating is supported by NGL's strategy to operate with
strong distribution coverage and diverse operations which are
located throughout the U.S. Since NGL has significant senior
secured debt ahead of the senior unsecured debt, the unsecured
debt is notched down to 'BB-'.

Concerns include NGL's short operating history and growth through
numerous acquisitions since it was formed in 2010 and IPO'd in
2011. Fitch believes that acquisitions will continue to be
significant for NGL as it seeks to expand its operations and
increase distributions paid to unitholders. Other concerns include
NGL's modest size, and the weather-linked volatility associated
with the company's retail propane business which accounted for 34%
of FY14 EBITDA.

Following significant acquisition activity in FY2014, leverage as
defined by Fitch as total debt to adjusted EBITDA was 6.4x as of
FY2014 (fiscal year ends March 31), up from 4.2x at the end of
FY2013. With the pending acquisition, Fitch forecasts leverage to
be approximately 4.5x-5.0x at the end of FY2015 as recent past
acquisitions contribute to EBITDA growth which should drive the
leverage reduction. Furthermore, Fitch expects EBITDA growth to be
more significant in the latter half of FY2015.

Leverage expectations are viewed as appropriate by Fitch for NGL's
'BB' rating. Given NGL's aggressive acquisition strategy,
maintenance of its rating will in large part depend on its
willingness and ability to issue equity to help fund growth.

NGL is focused on significant growth via organic projects and
acquisitions. Fitch expects acquisitions to be NGL's larger focus
as it enables the partnership to quickly ramp up in size and
scale. The offset to this is that multiples paid for acquisitions
are higher than organic growth projects.

Prior to the announced transaction, management indicated that
adjusted EBITDA should be in the range of $425-430 million in
FY2015, up from $255 million in FY2014. In FY2015, it expects to
see growth capex of approximately $500 million, up from $133
million in FY2014. In the current fiscal year, approximately 50%
of spending is to be directed toward crude logistics, 40% water
services and the remainder is for other NGL logistic projects.

In FY2014, $1.3 billion of cash was spent on acquired assets. The
most significant acquisition during the fiscal year was the
December 2013 acquisition of the Gavilon assets which included
crude oil terminals and a 50% stake in a crude oil pipeline which
went into service in February 2014. NGL paid $832 million net in
cash for the assets.

Liquidity appears to be adequate although with the pending
acquisition it is likely to be reduced absent capital market
activity in the balance of the current quarter. As of yearend
FY2014, cash on the balance sheet was approximately $10 million,
the working capital facility had approximately $275 million
undrawn and the expansion facility had $253 million undrawn.

In late 2013, NGL increased the size of its secured revolving
credit facility to $1.721 billion from $1.67 billion. The bank
agreement is comprised of two facilities: a $935.5 million working
capital facility which is restricted by a borrowing base and a
$785.5 million expansion capital facility. The facility extends
until 2018.

Financial covenants in the bank agreement do not allow leverage
(as defined by the bank agreement) to exceed 4.25x. With permitted
acquisitions, this temporarily increases to 4.5x. As of FY2014 the
bank-defined leverage ratio was approximately 3.0x. Interest
coverage must exceed 2.75x and it was approximately 7.0x at the
end of FY2014. The bank agreement allows working capital
borrowings and letters of credit to be excluded from the leverage
calculation. NGL gets pro forma EBITDA credit for acquisitions,
which is typical for master limited partnership (MLP) bank
agreements.

The borrowing base is the sum of: all cash collateral, 85% of
accounts receivable, 80% of inventory (less 50% of prepaid
inventory), 90% of eligible futures accounts, and 80% of letters
of credit for commodities not yet received, less all first
purchaser liability, less 100% of secured bank obligations
attributable to overdrafts, less 120% of secured hedging
obligations, and less 100% of excise tax liabilities. The
borrowing base calculation is done at the end of each month.

The company maintains a solid distribution coverage ratio (DCR)
which it targets to be approximately 1.5x. With increased
distributions, the coverage ratio was 1.1x at the end of FY2014
which is below coverage of 1.5x at the end of FY2013 and
management's target. Fitch forecasts EBITDA and DCF growth in
FY2015 and expects the DCR to be closer to 1.5x at the end of the
current fiscal year.

NGL has indicated that in FY2014, approximately 40-45% of EBITDA
was generated from fee-based assets. It targets 60% of EBITDA from
fee-based assets in the next 12-18 months.

NGL's assets are diverse and are comprised of retail propane (34%
of FY2014 segment EBITDA), water services (24%), liquids (31%),
crude logistics (8%) and other (3%). Furthermore, its assets are
located throughout the U.S. Recent acquisitions include crude oil
midstream assets (Gavilon) and water services. These are higher
margin segments which should improve NGL's overall EBITDA margins
going forward.


NII HOLDINGS: Fails to Satisfy a NASDAQ Listing Rule
----------------------------------------------------
NII Holdings, Inc., received a notice from The NASDAQ Stock Market
LLC indicating that the bid price of the Company's common stock
for the prior 30 consecutive days had closed below the minimum
$1.00 per share required for continued listing on the Nasdaq
Global Select Market under Nasdaq Listing Rule 5450(a)(1).

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company
has been provided a period of 180 calendar days, or until Nov. 29,
2014, to regain compliance.  In order to regain compliance with
the minimum closing bid price rule, the closing bid price of the
Company's common stock must be at least $1.00 or higher for a
minimum of ten consecutive business days during the 180-day
compliance period.  In the event the Company does not regain
compliance by Nov. 29, 2014, the Company may be eligible to seek
an extension of the compliance period if it meets the continued
listing requirement for market value of publicly held shares and
all other listing standards, with the exception of the bid price
requirement, and provides written notice to Nasdaq of its intent
to cure the deficiency.  If the Company fails to regain compliance
prior to the expiration of the compliance period including any
extension, Nasdaq will provide written notice to the Company that
its securities are subject to delisting.

The Notice has no immediate impact on the listing of the Company's
common stock, which will continue to trade on the Nasdaq Global
Select Market under the symbol "NIHD".  The Company intends to
actively monitor the closing bid price for its common stock and
will consider available options to resolve the deficiency and
regain compliance with Nasdaq Listing Rule 5450(a)(1).

                        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 of March 31, 2014, the Company had $8.18 billion in total
assets, $8.19 billion in total liabilities and a $8.76 million
total stockholders' deficit.

                        Bankruptcy Warning

"We believe we are currently in compliance with the requirements
under all of our financing arrangements, including the indentures
for our senior notes, our equipment financing facilities and our
local bank financing agreements.  In light of the probability
that, absent a waiver or amendment, we will be unable to meet the
financial covenants in the equipment financing facilities and the
local bank financing agreements as of the next compliance date,
there is no guarantee that the lender of our equipment financing
facilities will continue to fund additional requests under these
facilities.  In addition, a holder of more than 25% of our 8.875%
senior notes, issued by NII Capital Corp. and due December 15,
2019, has provided a notice of default in connection with these
notes.  We believe that the allegations contained in the notice
are without merit.

"If we are unable to meet our debt service obligations or to
comply with our other obligations under our existing financing
arrangements:

   * the holders of our debt could declare all outstanding
     principal and interest to be due and payable;

   * the holders of our secured debt could commence foreclosure
     proceedings against our assets;

   * we could be forced into bankruptcy or liquidation; and

   * debt and equity holders could lose all or part of their
     investment in us," the Company said in the Quarterly Report
     for the period ended March 31, 2014.

                             *   *    *

As reported by the TCR on March 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on Reston, Va.-based
wireless carrier NII Holdings Inc. (NII) to 'CCC' from 'CCC+'.
"The downgrade follows the company's poor fourth-quarter 2013
results that were below our expectations, and its disclosure that
its auditors have uncertainty about the company's ability to
continue as a going concern," said Standard & Poor's credit
analyst Allyn Arden.

The TCR also reported on March 5, 2014, that Moody's Investors
Service downgraded the corporate family rating (CFR) of NII
Holdings Inc. ("NII" or "the company") to Caa1 from B3.  The
downgrade reflects the company's poor 2013 operating performance
and the risk that the company will violate the covenants governing
its Mexican and Brazilian subsidiary debt, which could trigger an
event of default for up to $4.4 billion of debt issued by
intermediate holding companies NII Capital Corp. and NII
International Telecom S.C.A.


NORTHERN BEEF: Hires Karl Wagner as Chief Financial Officer
-----------------------------------------------------------
Northern Beef Packers Limited Partnership filed a motion with the
U.S. Bankruptcy Court seeking approval to employ Karl Wagner as
chief financial officer.

No trustee or examiner has been appointed in this chapter 11 case.

Northern Beef Packers has no remaining employees, and the Debtor
said Mr. Wagner's continued retention is necessary while this case
remains pending under chapter 11.  In addition to preparing
required reports, it is anticipated that Mr. Wagner will work with
counsel for the Debtor and with the Committee on these matters:

     a. Pending adversary proceedings regarding alleged violations
of the WARN Act and the priority of the security interest of
RockTenn CP, LLC;

     b. Claims administration; and

     c. Identifying potential preference and other avoidance
actions.

Under the proposed terms of retention, Mr. Wagner would be paid
$75.00 per hour and would be reimbursed for all expenses incurred
in connection with this case, including, but not limited to,
expenses for postage and travel.

The Committee has approved the proposed terms of Mr. Wagner's
continued retention.

Mr. Wagner has a pre-petition claim for unpaid wages in the amount
of $6,041.89.

Mr. Wagner has not shared or agreed to share any compensation paid
to any party for services related to this case

To the best of Mr. Wagner's knowledge, he has no connections with
the Debtor, creditors, any other party in interest, their
respective attorneys and accountants, the United States trustee,
or any person employed in the office of the United States trustee.

                 About Northern Beef Packers

Northern Beef Packers Limited Partnership, which operates a beef
processing facility that opened in October 2012, filed for
Chapter 11 relief (Bankr. D.S.D. Case No. 13-10118) on July 19,
2013.  Karl Wagner signed the petition as chief financial officer.
Judge Charles L. Nail, Jr., presides over the case.  The Debtor
estimated assets of at least $50 million and debts of at least
$10 million.  James M. Cremer, Esq., at Bantz, Gosch, & Cremer,
L.L.C., serves at the Debtor's counsel.  Steven H. Silton, Esq.,
at Cozen O'Connor serves as co-counsel.  Lincoln Partners Advisors
LLC serves as financial advisors.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors in the case.  Robbins, Salomon &
Patt, Ltd. serves as it lead counsel.  Patrick T. Dougherty serves
as its local counsel.


OVERSEAS SHIPHOLDING: VP Flinter Reports Equity Stake
-----------------------------------------------------
Henry P. Flinter filed with the Securities and Exchange Commission
a Form 3 Initial Statement of Beneficial Ownership of Securities,
disclosing his direct ownership of 16,199 shares of Overseas
Shipholding Group Inc.  Mr. Flinter is the VP and Head of US Flag
SBU.  These shares of common stock were granted pursuant to the
Overseas Shipholding Group, Inc. Incentive Plan, as amended, and
are subject to vesting restrictions. Of these shares, 7,780 shares
are vested and 3,060 shares vest on February 23, 2014, 2,859
shares vest on February 23, 2015 and 2,500 shares vest on February
23, 2016.

Mr. Flinter also holds options or the right to buy additional OSG
Shares.

A copy of Mr. Flinter's filing is available at http://is.gd/SBI6Xy

Mr. Flinter also filed a Form 4 disclosing his ownership of OSG
shares.  A copy of the filing is available at http://is.gd/UPecNQ

                    About Overseas Shipholding

Overseas Shipholding Group, Inc. (OTC: OSGIQ), headquartered in
New York, is one of the largest publicly traded tanker companies
in the world, engaged primarily in the ocean transportation of
crude oil and petroleum products.  OSG owns or operates 111
vessels that transport oil and petroleum products throughout the
world.

Overseas Shipholding Group and 180 affiliates filed voluntary
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 12-20000) on
Nov. 14, 2012, disclosing $4.15 billion in assets and $2.67
billion in liabilities.  Greylock Partners LLC Chief Executive
John Ray serves as chief reorganization officer.  James L.
Bromley, Esq., and Luke A. Barefoot, Esq., at Cleary Gottlieb
Steen & Hamilton LLP serve as OSG's Chapter 11 counsel.  Derek C.
Abbott, Esq., Daniel B. Butz, Esq., and William M. Alleman, Jr.,
at Morris, Nichols, Arsht & Tunnell LLP, serve as local counsel.
Chilmark Partners LLC serves as financial adviser.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

The Export-Import Bank of China, owed $312 million used for the
construction of five tankers, is represented by Louis R. Strubeck,
Jr., Esq., and Kristian W. Gluck, Esq., at Fulbright & Jaworski
LLP in Dallas; David L. Barrack, Esq., and Beret Flom, Esq., at
Fulbright & Jaworski in New York; and John Knight, Esq., and
Christopher Samis, Esq., at Richards Layton & Finger PA.  Chilmark
Partners, LLC serves as financial and restructuring advisor.

Akin Gump Strauss Hauer & Feld LLP, and Pepper Hamilton LLP, serve
as co-counsel to the official committee of unsecured creditors.
FTI Consulting, Inc., is the financial advisor and Houlihan Lokey
Capital, Inc., is the investment banker.

U.S. Bank National Association is the successor administrative
agent under the $1.5 billion credit agreement, dated as of
February 9, 2006 by and among (a) OSG, OSG Bulk Ships, Inc., and
OSG International, Inc., as joint and several borrowers, (b) the
Administrative Agent and (c) various lenders party thereto.
Counsel to the Administrative Agent are Milbank, Tweed, Hadley &
McCloy LLP; Holland & Knight LLP; and Drinker Biddle & Reath LLP.
Lazard Freres & Co. LLC serves as advisor to the Administrative
Agent.

An official committee of Equity Security Holders has been
appointed in the case.  It is represented by Brown Rudnick LLP's
Steven D. Pohl, Esq., James W. Stoll, Esq. and Jesse N. Garfinkle,
Esq.; Fox Rothschild LLP's Jeffrey M. Schlerf, Esq., John H.
Strock, Esq. and L. John Bird, Esq.


OVERSEAS SHIPHOLDING: Luxor Capital et al. Disclose Equity Stake
----------------------------------------------------------------
In a Schedule 13G filing with the Securities and Exchange
Commission, these entities disclosed their beneficial ownership of
Overseas Shipholding Group Inc. common stock:

     -- Luxor Capital Partners, LP, a Delaware limited partnership
        (the ?Onshore Fund?);
     -- Luxor Capital Partners Offshore, Ltd., a Cayman Islands
        exempted company (the ?Offshore Feeder Fund?);
     -- Luxor Wavefront, LP, a Delaware limited partnership
        (the ?Wavefront Fund?);
     -- Luxor Spectrum Offshore, Ltd., a Cayman Islands exempted
        company (the ?Spectrum Feeder Fund?);
     -- Luxor Capital Partners Offshore Master Fund, LP, a Cayman
        Islands limited partnership (the ?Offshore Master Fund?);
     -- Luxor Spectrum Offshore Master Fund, LP, a Cayman Islands
        limited Partnership (the ?Spectrum Master Fund?);
     -- LCG Holdings, LLC, a Delaware limited liability company
        (?LCG Holdings?);
     -- Luxor Capital Group, LP, a Delaware limited partnership
        (?Luxor Capital Group?);
     -- Luxor Management, LLC, a Delaware limited liability
        company (?Luxor Management?);  and
     -- Christian Leone, a United States citizen (?Mr. Leone?).

As of the close of business on May 27, 2014,

     1. The Onshore Fund directly owned 734,358 shares of Common
Stock;

     2. The Wavefront Fund directly owned 185,474 shares of Common
Stock;

     3. The Offshore Master Fund directly owned 892,733 shares of
Common Stock.  The Offshore Feeder Fund, as the owner of a
controlling interest in the Offshore Master Fund, may be deemed to
have beneficially owned the shares of Common Stock owned directly
by the Offshore Master Fund;

     4. The Spectrum Master Fund directly owned 66,636 shares of
Common Stock.  The Spectrum Feeder Fund, as the owner of a
controlling interest in the Spectrum Master Fund, may be deemed to
have beneficially owned the shares of Common Stock owned directly
by the Spectrum Master Fund.

     5. LCG Holdings, as the general partner of the Onshore Fund,
the Wavefront Fund, the Offshore Master Fund and the Spectrum
Master Fund may be deemed to have beneficially owned the 1,879,201
shares of Common Stock owned directly by the Onshore Fund, the
Wavefront Fund, the Offshore Master Fund and the Spectrum Master
Fund;

     6. Luxor Capital Group, as the investment manager of the
Funds, may be deemed to have beneficially owned the 1,879,201
shares of Common Stock beneficially owned by the Funds and an
additional 70,905 shares of Common Stock held in the Separately
Managed Account;

     7. Luxor Management, as the general partner of Luxor Capital
Group, may be deemed to have beneficially owned the 1,950,106
shares of Common Stock beneficially owned by Luxor Capital Group;
and

     8. Mr. Leone, as the managing member of Luxor Management, may
be deemed to have beneficially owned the 1,950,106 shares of
Common Stock beneficially owned by Luxor Management.

The aggregate percentage of Common Stock reported owned by each
person named herein is based upon 30,672,406 shares of Common
Stock outstanding as of May 5, 2014, which is the total number of
Shares outstanding as reported in OSG's Quarterly Report on Form
10-Q filed with the Securities and Exchange Commission on May 12,
2014.  As of the close of business on May 27, 2014:

     1. The Onshore Fund beneficially owned approximately 2.4% of
the outstanding shares of Common Stock;

     2. The Wavefront Fund beneficially owned less than 1% of the
outstanding shares of Common Stock;

     3. The Offshore Master Fund directly owned approximately 2.9%
of the outstanding shares of Common Stock and the Offshore Feeder
Fund may be deemed to have beneficially owned approximately 2.9%
of the outstanding shares of Common Stock;

     4. The Spectrum Master Fund directly owned less than 1% of
the outstanding shares of Common Stock and the Spectrum Feeder
Fund may be deemed to have beneficially owned less than 1% of the
outstanding shares of Common Stock;

     5. LCG Holdings may be deemed to have beneficially owned
approximately 6.1% of the outstanding shares of Common Stock; and

     6. Each of Luxor Capital Group, Luxor Management and Mr.
Leone may be deemed to have beneficially owned approximately 6.4%
of the outstanding shares of Common Stock.

The Offshore Master Fund is a subsidiary of the Offshore Feeder
Fund, and the Spectrum Master Fund is a subsidiary of the Spectrum
Feeder Fund.  LCG Holdings is the general partner of the Onshore
Fund, the Wavefront Fund, the Offshore Master Fund and the
Spectrum Master Fund.  Luxor Capital Group acts as the investment
manager of the Onshore Fund, the Wavefront Fund, the Offshore
Feeder Fund, the Offshore Master Fund, the Spectrum Feeder Fund
and the Spectrum Master Fund and to an account it separately
manages.  Luxor Management is the general partner of Luxor Capital
Group.  Mr. Leone is the managing member of Luxor Management.  Mr.
Leone is the managing member of LCG Holdings.

By virtue of these relationships, LCG Holdings may be deemed to
have voting and dispositive power with respect to the shares of
Common Stock owned directly by the Onshore Fund, the Wavefront
Fund, the Offshore Master Fund and the Spectrum Master Fund.  By
virtue of these relationships, each of Luxor Capital Group, Luxor
Management and Mr. Leone may be deemed to have voting and
dispositive power with respect to the shares of Common Stock
beneficially owned by the Funds and the Separately Managed
Account.

The principal business address of each of the Onshore Fund, the
Wavefront Fund, Luxor Capital Group, Luxor Management, LCG
Holdings and Mr. Leone is 1114 Avenue of the Americas, 29th Floor,
New York, New York 10036.

The principal business address of each of the Offshore Master
Fund, the Offshore Feeder Fund, the Spectrum Master Fund and the
Spectrum Feeder Fund is c/o Maples Corporate Services Limited,
P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman
Islands.

A copy of Luxor et al's filing is available at http://is.gd/SzhhIV

                    About Overseas Shipholding

Overseas Shipholding Group, Inc. (OTC: OSGIQ), headquartered in
New York, is one of the largest publicly traded tanker companies
in the world, engaged primarily in the ocean transportation of
crude oil and petroleum products.  OSG owns or operates 111
vessels that transport oil and petroleum products throughout the
world.

Overseas Shipholding Group and 180 affiliates filed voluntary
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 12-20000) on
Nov. 14, 2012, disclosing $4.15 billion in assets and $2.67
billion in liabilities.  Greylock Partners LLC Chief Executive
John Ray serves as chief reorganization officer.  James L.
Bromley, Esq., and Luke A. Barefoot, Esq., at Cleary Gottlieb
Steen & Hamilton LLP serve as OSG's Chapter 11 counsel.  Derek C.
Abbott, Esq., Daniel B. Butz, Esq., and William M. Alleman, Jr.,
at Morris, Nichols, Arsht & Tunnell LLP, serve as local counsel.
Chilmark Partners LLC serves as financial adviser.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

The Export-Import Bank of China, owed $312 million used for the
construction of five tankers, is represented by Louis R. Strubeck,
Jr., Esq., and Kristian W. Gluck, Esq., at Fulbright & Jaworski
LLP in Dallas; David L. Barrack, Esq., and Beret Flom, Esq., at
Fulbright & Jaworski in New York; and John Knight, Esq., and
Christopher Samis, Esq., at Richards Layton & Finger PA.  Chilmark
Partners, LLC serves as financial and restructuring advisor.

Akin Gump Strauss Hauer & Feld LLP, and Pepper Hamilton LLP, serve
as co-counsel to the official committee of unsecured creditors.
FTI Consulting, Inc., is the financial advisor and Houlihan Lokey
Capital, Inc., is the investment banker.

U.S. Bank National Association is the successor administrative
agent under the $1.5 billion credit agreement, dated as of
February 9, 2006 by and among (a) OSG, OSG Bulk Ships, Inc., and
OSG International, Inc., as joint and several borrowers, (b) the
Administrative Agent and (c) various lenders party thereto.
Counsel to the Administrative Agent are Milbank, Tweed, Hadley &
McCloy LLP; Holland & Knight LLP; and Drinker Biddle & Reath LLP.
Lazard Freres & Co. LLC serves as advisor to the Administrative
Agent.

An official committee of Equity Security Holders has been
appointed in the case.  It is represented by Brown Rudnick LLP's
Steven D. Pohl, Esq., James W. Stoll, Esq. and Jesse N. Garfinkle,
Esq.; Fox Rothschild LLP's Jeffrey M. Schlerf, Esq., John H.
Strock, Esq. and L. John Bird, Esq.


OVERSEAS SHIPHOLDING: Caxton Has 6.52% Stake, Inks Equity Deal
--------------------------------------------------------------
In Schedule 13D filings with the Securities and Exchange
Commission on June 9, Caxton Associates LP and Caxton Internatinal
LTD disclosed that they acquired 2,000,000 shares of Common Stock
of Overseas Shipholding Group in the belief that the shares are an
attractive investment and were under-valued.  In addition to the
acquisition, Caxton International entered into an Equity
Commitment Agreement and Registration Rights Agreement with OSG.

Caxton International expended an aggregate amount, excluding
commissions, if any, of $13,089,510 in a series of transactions,
since December 19, 2013, to purchase 2,000,000 shares of the OSG
Common Stock.  The purchase price for such acquired Common Stock
was paid out of Caxton International's working capital.

Tortola, B.V.I.-based Caxton may be deemed to hold 6.52% equity
stake.

Under the terms of the Equity Commitment Agreement, Caxton
International Limited has agreed, subject to the conditions set
forth in such Agreement, to purchase up to an aggregate of
52,260,571 shares of Class A Common Stock and Warrants to purchase
Class A Common Stock.  Caxton International Limited's obligation
to purchase the ECA Securities is subject to conditions outside of
its control.  As a result, the Reporting Persons disclaim any
beneficial ownership of the ECA Securities.

A copy of Caxton's filings are available at http://is.gd/cD1bbW
and http://is.gd/1U8GYl

                    About Overseas Shipholding

Overseas Shipholding Group, Inc. (OTC: OSGIQ), headquartered in
New York, is one of the largest publicly traded tanker companies
in the world, engaged primarily in the ocean transportation of
crude oil and petroleum products.  OSG owns or operates 111
vessels that transport oil and petroleum products throughout the
world.

Overseas Shipholding Group and 180 affiliates filed voluntary
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 12-20000) on
Nov. 14, 2012, disclosing $4.15 billion in assets and $2.67
billion in liabilities.  Greylock Partners LLC Chief Executive
John Ray serves as chief reorganization officer.  James L.
Bromley, Esq., and Luke A. Barefoot, Esq., at Cleary Gottlieb
Steen & Hamilton LLP serve as OSG's Chapter 11 counsel.  Derek C.
Abbott, Esq., Daniel B. Butz, Esq., and William M. Alleman, Jr.,
at Morris, Nichols, Arsht & Tunnell LLP, serve as local counsel.
Chilmark Partners LLC serves as financial adviser.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

The Export-Import Bank of China, owed $312 million used for the
construction of five tankers, is represented by Louis R. Strubeck,
Jr., Esq., and Kristian W. Gluck, Esq., at Fulbright & Jaworski
LLP in Dallas; David L. Barrack, Esq., and Beret Flom, Esq., at
Fulbright & Jaworski in New York; and John Knight, Esq., and
Christopher Samis, Esq., at Richards Layton & Finger PA.  Chilmark
Partners, LLC serves as financial and restructuring advisor.

Akin Gump Strauss Hauer & Feld LLP, and Pepper Hamilton LLP, serve
as co-counsel to the official committee of unsecured creditors.
FTI Consulting, Inc., is the financial advisor and Houlihan Lokey
Capital, Inc., is the investment banker.

U.S. Bank National Association is the successor administrative
agent under the $1.5 billion credit agreement, dated as of
February 9, 2006 by and among (a) OSG, OSG Bulk Ships, Inc., and
OSG International, Inc., as joint and several borrowers, (b) the
Administrative Agent and (c) various lenders party thereto.
Counsel to the Administrative Agent are Milbank, Tweed, Hadley &
McCloy LLP; Holland & Knight LLP; and Drinker Biddle & Reath LLP.
Lazard Freres & Co. LLC serves as advisor to the Administrative
Agent.

An official committee of Equity Security Holders has been
appointed in the case.  It is represented by Brown Rudnick LLP's
Steven D. Pohl, Esq., James W. Stoll, Esq. and Jesse N. Garfinkle,
Esq.; Fox Rothschild LLP's Jeffrey M. Schlerf, Esq., John H.
Strock, Esq. and L. John Bird, Esq.


P.F. CHANG'S: Investigating Possible Data Breach
------------------------------------------------
Julie Jargon, writing for The Wall Street Journal, reported that
P.F. Chang's China Bistro Inc. said it is investigating a possible
data breach to see if credit- and debit-card information was
stolen from its restaurants.

According to the report, a spokeswoman for closely-held P.F.
Chang's said it is "in learning mode" about the possible breach
and is working with banks to determine its scope, but that the
chain hasn't been able to confirm any details. The Scottsdale,
Ariz.-based company owns more than 204 of its namesake bistros and
170 Pei Wei restaurants, the report related.

The possible breach was reported earlier by cybersecurity blogger
Brian Krebs, who said that thousands of newly-stolen credit and
debit cards went up for sale on an underground store best known
for selling tens of millions of cards stolen in the Target Corp.
data breach, the report further related.

P.F. Chang's China Bistro, Inc. operates restaurants under the
brand names P.F. Chang's China Bistro and Pei Wei Asian Diner in
the casual and fast casual dining segment of the restaurant
industry.

                           *     *     *

The Troubled Company Reporter on June 4, 2014, reported that
Moody's Investors Service downgraded P.F. Chang's China Bistro
Inc.'s Corporate Family Rating to B3 from B2 and Probability of
Default rating to B3-PD from B2-PD. In addition, Moody's affirmed
the company's Ba3 senior secured bank ratings and Caa1 senior
unsecured note rating. The outlook is negative.


PACIFIC THOMAS: Bank of New York Mellon Wants Relief From Stay
--------------------------------------------------------------
The Bank of New York Mellon Trust Company, N.A., fka The Bank of
New York Trust Company, N.A., as successor in interest to JPMorgan
Chase Bank N.A., fka JPMorgan Chase Bank, as Trustee for MASTR
Alternative Loan Trust 2003-4, filed with the U.S. Bankruptcy
Court for the Northern District of California a motion for an
order terminating the automatic stay to allow the Bank to proceed
under applicable non-bankruptcy law to enforce its remedies to
foreclose upon and obtain possession of Pacific Thomas
Corporation's real property located at 26457 Emerald Dove Drive,
Santa Clarita, California 91355.

The Bank claims in its May 22 filing that the Debtor's bankruptcy
was used as part of a scheme by borrowers Michael S. Hearne and
Gayle C. Hearne to delay, hinder, and defraud the Bank by
transferring factionalized interests in the Property to the Debtor
in an attempt to obtain the benefit of the automatic stay
provisions of 11 U.S.C. Section 362(a).

On Jan. 17, 2003, the Borrowers executed a promissory note in the
principal sum of $491,000, which was made payable to National City
Mortgage Co DBA Accubanc Mortgage.  The Note is secured by a
recorded deed of trust encumbering the Property.  The Deed of
Trust was assigned to the Bank.  On May 24, 2012, an unauthorized
grant deed was executed whereby the Borrowers purported to
transfer interest in the Property to Emerald Dove Trust, Mylie
Little as Trustee, as a ?gift,? for no consideration, the Bank
claims.

An Amendment to Trust, dated May 25, 2012, amends the Emerald Dove
Trust such that these persons are the Beneficiaries of the Trust:
Michael S. Hearne (90%), and Lawson-Currell Centre, LLC (10%).  An
Amendment to Trust, dated Aug. 20, 2012, amends the Emerald Dove
Trust such that these persons are the Beneficiaries of the Trust:
Michael S. Hearne (90%) and the Debtor (10%).

A default exists under the Loan for failure to make payments due
and owing under the Note and Deed of Trust.  As of March 3, 2014,
the total amount owed under the Note is approximately $356,269.62.

The Borrowers, according to the Bank, have given notice of
multiple transfers in the Property and multiple notices of
bankruptcy filings stall the foreclosure sale of the Property.
The Bank has not been able to complete a foreclosure sale of the
Property.  Most recently, the Borrowers gave notice of an
unauthorized transfer of 10% of the Property to the Debtor and the
instant bankruptcy petition to stall the Bank's most recent
attempt to stall the foreclosure sale, the Bank says.

The Bank is represented by:

      PITE DUNCAN, LLP
      Matthew R. Clark, Esq.
      Todd S. Garan, Esq.
      4375 Jutland Drive, Suite 200
      P.O. Box 17933
      San Diego, CA 92177-0933
      Tel: (858) 750-7600
      Fax: (619) 590-1385
      E-mail: mclark@piteduncan.com
              tgaran@piteduncan.com

                    About Pacific Thomas Corp.

Walnut Creek, California, Pacific Thomas Corporation filed a
Chapter 11 petition (Bankr. N.D. Cal. Case No. 12-46534) in
Oakland on Aug. 6, 2012, estimating in excess of $10 million in
assets and liabilities.

The Debtor is related to Pacific Thomas Capital, which specializes
in real estate services, focusing on the investment, ownership and
development of commercial real estate properties, according to
http://www.pacificthomas.com/ Real estate activities has spanned
throughout the Hawaiian Islands as well as U.S. West Coast
locations in California, Nevada, Arizona and Utah.  Hawaii based
activities are managed under the name Thomas Capital Investments.

Bankruptcy Judge M. Elaine Hammond presides over the case.  Anne-
Leith Matlock, Esq., at Matlock Law Group, P.C., serves as general
counsel.  The petition was signed by Jill V. Worsley, COO,
secretary.  Kyle Everett was named Chapter 11 trustee of the
Debtor.  Craig C. Chiang, Esq., at Buchalter Nemer, P.C., in San
Francisco, Calif., represents the Chapter 11 trustee as counsel.

In its schedules, the Debtor disclosed $19,960,679 in assets and
$16,482,475 in liabilities as of the petition date.

In January 2014, Judge Hammond entered an order holding that
Pacific Thomas Corp.'s Fourth Amended Disclosure Statement, filed
on Dec. 31, 2013, is not approved for the reasons stated on the
record at the Jan. 16 hearing.  Pursuant to the Plan, the Debtor
proposes to avail of a loan from Thorofare Capital to pay off some
secured claims.  The new loan would be refinanced by the
reorganized company before the loan terms expires.  If the
reorganized company fails to do so, the safe storage parcels of
the Pacific Thomas properties will be sold.


PACIFIC THOMAS: Post-Petition Financing Hearing Set for Aug. 7
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of California
has continued to Aug. 7, 2014, at 10:30 a.m. the hearing to
consider Pacific Thomas Corporation's motion for authority to
obtain post-petition financing.

As reported by the Troubled Company Reporter on May 5, 2014, the
Court continued until June 5, 2014, the hearing to consider the
Debtor's motion to borrow more than $6.5 million in financing from
Thorofare Capital.  The Debtor will use the new loan to pay off
the claims of Bank of the West, Private Mortgage Fund LLC, Alameda
County's tax collector and other secured creditors.  The remaining
funds will be used to implement the company's proposed
restructuring plan.  The new loan, which has a fixed interest rate
of 10.85%, is conditioned upon approval of the restructuring plan
and the disclosure statement.

                    About Pacific Thomas Corp.

Walnut Creek, California, Pacific Thomas Corporation filed a
Chapter 11 petition (Bankr. N.D. Cal. Case No. 12-46534) in
Oakland on Aug. 6, 2012, estimating in excess of $10 million in
assets and liabilities.

The Debtor is related to Pacific Thomas Capital, which specializes
in real estate services, focusing on the investment, ownership and
development of commercial real estate properties, according to
http://www.pacificthomas.com/ Real estate activities has spanned
throughout the Hawaiian Islands as well as U.S. West Coast
locations in California, Nevada, Arizona and Utah.  Hawaii based
activities are managed under the name Thomas Capital Investments.

Bankruptcy Judge M. Elaine Hammond presides over the case.  Anne-
Leith Matlock, Esq., at Matlock Law Group, P.C., serves as general
counsel.  The petition was signed by Jill V. Worsley, COO,
secretary.  Kyle Everett was named Chapter 11 trustee of the
Debtor.  Craig C. Chiang, Esq., at Buchalter Nemer, P.C., in San
Francisco, Calif., represents the Chapter 11 trustee as counsel.

In its schedules, the Debtor disclosed $19,960,679 in assets and
$16,482,475 in liabilities as of the petition date.

In January 2014, Judge Hammond entered an order holding that
Pacific Thomas Corp.'s Fourth Amended Disclosure Statement, filed
on Dec. 31, 2013, is not approved for the reasons stated on the
record at the Jan. 16 hearing.  Pursuant to the Plan, the Debtor
proposes to avail of a loan from Thorofare Capital to pay off some
secured claims.  The new loan would be refinanced by the
reorganized company before the loan terms expires.  If the
reorganized company fails to do so, the safe storage parcels of
the Pacific Thomas properties will be sold.


PACIFIC THOMAS: PMF Granted Relief From Automatic Stay
------------------------------------------------------
The Hon. M. Elaine Hammond of the U.S. Bankruptcy Court for the
Northern District of California has granted the motion of Private
Mortgage Fund LLC for relief from automatic stay to allow PMF to
proceed with recording a notice of default against Pacific Thomas
Corporation's real property commonly known as 2783 East 12th
Street, Oakland, CA, 2801 East 12th Street, Oakland, CA , and 1111
29th Avenue.

As reported by the Troubled Company Reporter on May 6, 2014, PMF
sought to terminate the automatic stay so it may foreclose upon
its first deeds of trust encumbering the Property.  PMF said the
Chapter 11 Trustee and the Debtor both admitted that there is no
equity in the Property, as the amount owed to PMF on the note
underlying the Deeds of Trust exceeds the value of the
Property.  Accordingly, PMF is entitled to relief from the
automatic stay of 11 U.S.C. Sec. 362(a) because (1) there is not
an adequate equity cushion in the Property and (2) the Debtor has
no equity in the Property, and it is not necessary for an
effective reorganization.

                    About Pacific Thomas Corp.

Walnut Creek, California, Pacific Thomas Corporation filed a
Chapter 11 petition (Bankr. N.D. Cal. Case No. 12-46534) in
Oakland on Aug. 6, 2012, estimating in excess of $10 million in
assets and liabilities.

The Debtor is related to Pacific Thomas Capital, which specializes
in real estate services, focusing on the investment, ownership and
development of commercial real estate properties, according to
http://www.pacificthomas.com/ Real estate activities has spanned
throughout the Hawaiian Islands as well as U.S. West Coast
locations in California, Nevada, Arizona and Utah.  Hawaii based
activities are managed under the name Thomas Capital Investments.

Bankruptcy Judge M. Elaine Hammond presides over the case.  Anne-
Leith Matlock, Esq., at Matlock Law Group, P.C., serves as general
counsel.  The petition was signed by Jill V. Worsley, COO,
secretary.  Kyle Everett was named Chapter 11 trustee of the
Debtor.  Craig C. Chiang, Esq., at Buchalter Nemer, P.C., in San
Francisco, Calif., represents the Chapter 11 trustee as counsel.

In its schedules, the Debtor disclosed $19,960,679 in assets and
$16,482,475 in liabilities as of the petition date.

In January 2014, Judge Hammond entered an order holding that
Pacific Thomas Corp.'s Fourth Amended Disclosure Statement, filed
on Dec. 31, 2013, is not approved for the reasons stated on the
record at the Jan. 16 hearing.  Pursuant to the Plan, the Debtor
proposes to avail of a loan from Thorofare Capital to pay off some
secured claims.  The new loan would be refinanced by the
reorganized company before the loan terms expires.  If the
reorganized company fails to do so, the safe storage parcels of
the Pacific Thomas properties will be sold.


PANACHE BEVERAGE: Amends 2013 Annual Report
-------------------------------------------
Panache Beverage, Inc., filed an amendment to its annual report on
Form 10-K for the fiscal year ended Dec. 31, 2013, originally
filed with the U.S. Securities and Exchange Commission on
April 10, 2014, to include the information required by Items 10
through 14 of Part III of the Form 10-K.  This information was
previously omitted from the Form 10-K in reliance on General
Instruction G(3) to Form 10-K, which permits the information in
the above referenced items to be incorporated in the Form 10-K by
reference from the Company's definitive proxy statement if that
statement is filed no later than 120 days after the Company's
fiscal year-end.  The Company filed the Amendment because a
definitive proxy statement containing that information was not
filed by April 30, 2014.  A full-text copy of the Form 10-K/A is
available for free at http://goo.gl/A5G4eo

                       About Panache Beverage

New York-based Panache Beverage, Inc., specializes in the
strategic development and aggressive early growth of spirits
brands establishing its assets as viable and attractive
acquisition candidates for the major global spirits companies.
Panache builds its brands as individual acquisition candidates
while continuing to develop its pipeline of new brands into the
Panache portfolio.

Panache Beverage reported a net loss of $4.58 million in 2013
following a net loss of $3.27 million in 2012.

In their report on the consolidated financial statements for the
year ended Dec. 31, 2013, Silberstein Ungar, PLLC, expressed
substantial doubt about the Company's ability to continue as a
going concern, citing that the Company has limited working capital
and has incurred losses from operations.  Silberstein Ungar also
issued a going-concern qualification following the 2012 results.

The Company's balance sheet at Dec. 31, 2013, showed $7.18 million
in total assets, $14.05 million in total liabilities, and a
stockholders' deficit of $6.87 million.


PETTERS COMPANY: Trustee to Recover Laundered Funds Abroad
----------------------------------------------------------
Chief Bankruptcy Judge Gregory F. Kishel of the U.S. Bankruptcy
Court for the District of Minnesota has authorized Trustee Douglas
A. Kelley to act on behalf of the Petters Company, Inc., et al
bankruptcy estate in the foreign countries of Australia, the
Bahamas, Bahrain, Belgium, Bermuda, Brazil, the British Virgin
Islands, Canada, the Cayman Islands, the Channel Islands, Denmark,
France, Hong Kong, Isle of Man, Ireland, Italy, Japan, Luxembourg,
Malta, Monaco, the Netherlands, Singapore, Spain, Sweden,
Switzerland, and the United Kingdom.

The Trustee sought the Court's authorization pursuant to Chapter
15 of the Bankruptcy Code.  Thomas J. Petters, prior to the filing
of the Chapter 11 petition, owned and controlled all of the Debtor
entities.  Petters was operating a massive Ponzi scheme, and is
believed to have laundered nearly $40 billion through the Debtor
entities.  As a result of Petters' convictions for mail fraud,
wire fraud, conspiracy to comment mail and wire fraud, and
conspiracy to commit money laundering, the Trustee initiated over
200 adversary proceedings against 382 defendants seeking avoidance
and recovery of false profits, bonuses, commissions, gifts,
preferences, and other sums.  The Trustee anticipates commencing
additional adversary proceedings outside the U.S. against
subsequent transferees of said monies.

Judge Kishel also approved the Trustee's settlements of adversary
proceedings against Russell Allenson and Metro Gem, as well as
their subsequent transferees (Trinity Christian School, Phil 419
LLC & SWCHS Partners, and Morgan Street Partners).

                  About Petters Company, Inc.

Based in Minnetonka, Minn., Petters Group Worldwide LLC is a
collection of some 20 companies, most of which make and market
consumer products.  It also works with existing brands through
licensing agreements to further extend those brands into new
product lines and markets.  Holdings include Fingerhut (consumer
products via its catalog and Web site), SoniqCast (maker of
portable, WiFi MP3 devices), leading instant film and camera
company Polaroid (purchased for $426 million in 2005), Sun Country
Airlines (acquired in 2006), and Enable Holdings (online
marketplace and auction for consumers and manufacturers' overstock
inventory).  Founder and chairman Tom Petters formed the company
in 1988.

Petters Company, Inc., is the financing and capital-raising unit
of Petters Group Worldwide.

Thomas Petters, the founder and former CEO of Petters Group, has
been indicted and a criminal proceeding against him is proceeding
in the U.S. District Court for the District of Minnesota.

Petters Company, Petters Group Worldwide and eight other
affiliates filed separate petitions for Chapter 11 protection
(Bankr. D. Minn. Lead Case No. 08-45257) on Oct. 11, 2008.  In its
petition, Petters Company estimated its debts at $500 million and
$1 billion.  Parent Petters Group Worldwide estimated its debts at
not more than $50,000.

Fruth, Jamison & Elsass, PLLC, represents Douglas Kelley, the duly
appointed Chapter 11 Trustee of Petters Company, Inc., et al.  The
trustee tapped Haynes and Boone, LLP as special counsel, and
Martin J. McKinley as his financial advisor.

Petters Aviation, LLC, and affiliates MN Airlines, LLC, doing
business as Sun Country Airlines, Inc., and MN Airline Holdings,
Inc., filed separate petitions for Chapter 11 bankruptcy
protection (Bankr. D. Minn. Case Nos. 08-45136, 08-35197 and
08-35198) on Oct. 6, 2008.  Petters Aviation is a wholly owned
unit of Thomas Petters Inc. and owner of MN Airline Holdings, Sun
Country's parent company.


P.F. CHANG'S: Investigating Possible Data Breach
------------------------------------------------
Julie Jargon, writing for The Wall Street Journal, reported that
P.F. Chang's China Bistro Inc. said it is investigating a possible
data breach to see if credit- and debit-card information was
stolen from its restaurants.

According to the report, a spokeswoman for closely-held P.F.
Chang's said it is "in learning mode" about the possible breach
and is working with banks to determine its scope, but that the
chain hasn't been able to confirm any details. The Scottsdale,
Ariz.-based company owns more than 204 of its namesake bistros and
170 Pei Wei restaurants, the report related.

The possible breach was reported earlier by cybersecurity blogger
Brian Krebs, who said that thousands of newly-stolen credit and
debit cards went up for sale on an underground store best known
for selling tens of millions of cards stolen in the Target Corp.
data breach, the report further related.

P.F. Chang's China Bistro, Inc. operates restaurants under the
brand names P.F. Chang's China Bistro and Pei Wei Asian Diner in
the casual and fast casual dining segment of the restaurant
industry.

                           *     *     *

The Troubled Company Reporter on June 4, 2014, reported that
Moody's Investors Service downgraded P.F. Chang's China Bistro
Inc.'s Corporate Family Rating to B3 from B2 and Probability of
Default rating to B3-PD from B2-PD. In addition, Moody's affirmed
the company's Ba3 senior secured bank ratings and Caa1 senior
unsecured note rating. The outlook is negative.


POSITIVEID CORP: Expects $4-10MM of Revenue Over Next 18 Months
---------------------------------------------------------------
PositiveID Corporation has submitted bids and proposals in
conjunction with several large commercial partners in response to
a pick-up in new U.S. government procurements for bio-threat
detection.  As a result, PositiveID is issuing its first-ever
revenue guidance of $4-10 million over the next 18 months, $3.3
million of which is already in backlog.

The Company has submitted for contract opportunities across
multiple agencies, including the U.S. Department of Defense, U.S.
Department of Homeland Security and Department of Health and Human
Services, to deploy, test, evaluate or develop the Company's M-
BAND and Firefly Dx systems.

"As more attention is being paid to the serious need for bio-
threat detection technologies and programs, we continue to pursue
opportunities with the U.S. government and other organizations to
employ the critically important capabilities of our M-BAND and
Firefly systems, which, we believe, offer accurate biological
detection more rapidly than existing systems," stated William J.
Caragol, PositiveID's Chairman and CEO.  "It has been proven that
faster identification of bio-threats enables countermeasures to be
instituted more quickly, ultimately reducing casualties and saving
lives."

                         About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $13.33 million on $0 of revenue for the year ended Dec. 31,
2013, as compared with a net loss attributable to common
stockholders of $25.30 million on $0 of revenue in 2012.

The Company's balance sheet at Dec. 31, 2013, showed $1.40 million
in total assets, $5.82 million in total liabilities, all current,
$488,000 in mandatorily redeemable preferred stock, and a $4.91
million total stockholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has a working capital deficiency and an accumulated
deficit.  Additionally, the Company has incurred operating losses
since its inception and expects operating losses to continue
during 2014.  These conditions raise substantial doubt about its
ability to continue as a going concern.


PROGRESSIVE SOLUTIONS: S&P Affirms 'B' CCR; Outlook Stable
----------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating on Progressive Solutions LLC.

At the same time, S&P revised its recovery rating on the company's
increased $625 million first lien credit facility (including a $50
million revolving credit line) to '4' from '3' and affirmed its
issue-level rating at 'B'.  The '4' recovery rating reflects S&P's
expectation for average (30%-50%) recovery in the event of a
payment default.

S&P also affirmed a 'CCC+' issue-level rating with a '6' recovery
rating on the company's increased $240 million second-lien credit
facility.  The '6' recovery rating reflects S&P's expectation for
negligible (0%-10%) recovery in the event of a payment default.

"Our rating on Progressive reflects our assessment of the
company's "weak" business risk profile and "highly leveraged"
financial risk profile, unchanged from the prior capital
structure," said credit analyst Maryna Kandruhkin.

The stable outlook reflects S&P's expectation that, despite
increasing EBITDA and positive cash flow generation, Progressive'
adjusted debt leverage will remain above 5x over the next 12
months, consistent with a "highly leveraged" financial risk
profile.

Downside scenario

S&P could consider a downgrade if the loss of one or more major
customers resulted in the company's operating performance
deterioration.  S&P believes such a scenario would be consistent
with a revenue decline coupled with about 400 bps of EBITDA margin
contraction and would lead to a FFO-to-debt ratio in the low-
single digits, free operating cash flow well below S&P's
projections, and interest coverage ratio of about 1.5x.

Upside scenario

While unlikely, S&P could consider a higher rating if the company
were able to reduce leverage below 5x while sustaining FFO to
total debt of above 12%.  Such an improvement could be achieved if
the company repaid around $330 million of outstanding debt.
Equally important, S&P would need to believe that financial policy
would be consistent with the maintenance of improved credit
measures on an ongoing basis.


PULSE ELECTRONICS: Files Conflict Minerals Report
-------------------------------------------------
Pulse Electronics Corporation filed with the U.S. Securities and
Exchange Commission a specialized disclosure report on Form SD in
accordance with rule 13p-1 under the Securities Exchange Act (17
CFR 240.13p-1) for the reporting period from January 1 to Dec. 31,
2013.

The SEC, in August 2012, adopted a rule mandated by the Dodd-Frank
Wall Street Reform and Consumer Protection Act to require
companies to publicly disclose their use of conflict minerals that
originated in the Democratic Republic of the Congo (DRC) or an
adjoining country.

"We conducted an analysis of our products and determined that
during the 2013 calendar year, we manufactured and sub-contracted
to manufacture products containing 3TG.  Specifically, our
products contained tin and gold, and the use of these minerals is
necessary to the functionality or production of these products,"
the Company said in the Report.

A full-text copy of the Conflict Minerals Report is available for
free at http://goo.gl/E0xyQH

                       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.

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.

Pulse Electronics reported a net loss of $27.02 million on $355.67
million of net sales for the year ended Dec. 27, 2013, as compared
with a net loss of $32.09 million on $373.16 million of net sales
for the year ended Dec. 28, 2012.

The Company's balance sheet at March 28, 2014, showed $177.17
million in total assets, $235.99 million in total liabilities and
a $58.82 million total shareholders' deficit.


RADIOSHACK CORP: Draws on Credit Line as Losses Deepen
------------------------------------------------------
Drew Fitzgerald and Michael Calia, writing for The Wall Street
Journal, reported that RadioShack Corp. started the year with a
wider loss and drew down part of its credit line, as the
electronics chain continued to struggle for traction in a highly
competitive market.

According to the report, RadioShack had borrowed $35 million from
its credit line and said it would make further use of the facility
this year. The chain is also signing more letters of credit to
guarantee suppliers that they will be paid, with the total rising
to $67.8 million as of May 3, from $55 million at the end of 2013,
the report related.

RadioShack said sales at stores open at least a year fell 14% in
the quarter ended May 3, hurt by a drop in foot traffic and weak
revenue from selling mobile phones and tablets, the report further
related.  The stock has dropped 47% this year as Wall Street
worries about the company's ability to generate enough cash, the
report added.

                   About Radioshack Corporation

RadioShack (NYSE: RSH) -- -- http://www.radioshackcorporation.com
-- is a national retailer of innovative mobile technology products
and services, as well as products related to personal and home
technology and power supply needs.  RadioShack's retail network
includes more than 4,300 company-operated stores in the United
States, 270 company-operated stores in Mexico, and approximately
1,000 dealer and other outlets worldwide.

Radioshack disclosed a net loss of $139.4 million in 2012, as
compared with net income of $72.2 million in 2011.  The Company's
balance sheet at Sept. 30, 2013, showed $1.60 billion in total
assets, $1.21 billion in total liabilities and $394 million in
total stockholders' equity.

                           *     *     *

As reported by the TCR on Dec. 26, 2013, Standard & Poor's Ratings
Services raised the corporate credit rating on the Fort Worth,
Texas-based RadioShack Corp. to 'CCC+' from 'CCC'.  "The upgrade
reflects an improved liquidity position with a recent financing
that increased funded debt by $125 million and increased the
company's revolving credit borrowing capacity, which improved
the company's liquidity by approximately $200 million," said
credit analyst Charles Pinson-Rose.

In the Dec. 30, 2013, edition of the TCR, Fitch Ratings has
affirmed its 'CCC' Long-term Issuer Default Rating (IDR) on
RadioShack Corporation.  The IDR reflects the significant decline
in RadioShack's profitability and cash flow, which has become
progressively more pronounced over the past two years.

As reported by the TCR on March 6, 2013, Moody's Investors Service
downgraded RadioShack Corporation's corporate family rating to
Caa1 from B3 and probability of default rating to Caa1-PD from B3-
PD.  RadioShack's Caa1 Corporate Family Rating reflects Moody's
opinion that the overall business strategy of the company to
reverse the decline in profitability has not gained any traction.

Troubled Company Reporter, citing The Wall Street Journal,
reported on March 5, 2014, that RadioShack plans to cut back its
store count, after a sharp drop in sales over the holidays left it
with a $400 million loss in 2013.  The electronics retailer said
it could close as many as 1,100 U.S. stores -- one out of every
four that it operates itself -- underscoring the difficulty it has
had adapting to a fast changing consumer landscape.


RADIOSHACK CORP: Draws on Credit Line as Losses Deepen
------------------------------------------------------
Drew Fitzgerald and Michael Calia, writing for The Wall Street
Journal, reported that RadioShack Corp. started the year with a
wider loss and drew down part of its credit line, as the
electronics chain continued to struggle for traction in a highly
competitive market.

According to the report, RadioShack had borrowed $35 million from
its credit line and said it would make further use of the facility
this year. The chain is also signing more letters of credit to
guarantee suppliers that they will be paid, with the total rising
to $67.8 million as of May 3, from $55 million at the end of 2013,
the report related.

RadioShack said sales at stores open at least a year fell 14% in
the quarter ended May 3, hurt by a drop in foot traffic and weak
revenue from selling mobile phones and tablets, the report further
related.  The stock has dropped 47% this year as Wall Street
worries about the company's ability to generate enough cash, the
report added.

                   About Radioshack Corporation

RadioShack (NYSE: RSH) -- -- http://www.radioshackcorporation.com
-- is a national retailer of innovative mobile technology products
and services, as well as products related to personal and home
technology and power supply needs.  RadioShack's retail network
includes more than 4,300 company-operated stores in the United
States, 270 company-operated stores in Mexico, and approximately
1,000 dealer and other outlets worldwide.

Radioshack disclosed a net loss of $139.4 million in 2012, as
compared with net income of $72.2 million in 2011.  The Company's
balance sheet at Sept. 30, 2013, showed $1.60 billion in total
assets, $1.21 billion in total liabilities and $394 million in
total stockholders' equity.

                           *     *     *

As reported by the TCR on Dec. 26, 2013, Standard & Poor's Ratings
Services raised the corporate credit rating on the Fort Worth,
Texas-based RadioShack Corp. to 'CCC+' from 'CCC'.  "The upgrade
reflects an improved liquidity position with a recent financing
that increased funded debt by $125 million and increased the
company's revolving credit borrowing capacity, which improved
the company's liquidity by approximately $200 million," said
credit analyst Charles Pinson-Rose.

In the Dec. 30, 2013, edition of the TCR, Fitch Ratings has
affirmed its 'CCC' Long-term Issuer Default Rating (IDR) on
RadioShack Corporation.  The IDR reflects the significant decline
in RadioShack's profitability and cash flow, which has become
progressively more pronounced over the past two years.

As reported by the TCR on March 6, 2013, Moody's Investors Service
downgraded RadioShack Corporation's corporate family rating to
Caa1 from B3 and probability of default rating to Caa1-PD from B3-
PD.  RadioShack's Caa1 Corporate Family Rating reflects Moody's
opinion that the overall business strategy of the company to
reverse the decline in profitability has not gained any traction.

Troubled Company Reporter, citing The Wall Street Journal,
reported on March 5, 2014, that RadioShack plans to cut back its
store count, after a sharp drop in sales over the holidays left it
with a $400 million loss in 2013.  The electronics retailer said
it could close as many as 1,100 U.S. stores -- one out of every
four that it operates itself -- underscoring the difficulty it has
had adapting to a fast changing consumer landscape.


SANUWAVE HEALTH: David Nemelka Reports 9.9% Equity Stake
--------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, David N. Nemelka disclosed that as of
May 27, 2014, he beneficially owned 5,048,510 shares of common
stock of Sanuwave Health, Inc., representing 9.9 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/V3yp6a

                        About SANUWAVE Health

Alpharetta, Ga.-based SANUWAVE Health, Inc., is an emerging global
regenerative medicine company focused on the development and
commercialization of noninvasive, biological response activating
devices for the repair and regeneration of tissue, musculoskeletal
and vascular structures.

SANUWAVE reported a net loss of $11.29 million on $800,029 of
revenue for the year ended Dec. 31, 2013, as compared with a net
loss of $6.40 million on $769,217 of revenue in 2012.

The Company's balance sheet at March 31, 2014, showed $8.56
million in total assets, $6.85 million in total liabilities and
$1.71 million total stockholders' equity.


SCOTTSDALE VENETIAN: Court Okays Hiring of Appraisal Technology
---------------------------------------------------------------
Scottsdale Venetian Village, LLC sought and obtained permission
from the U.S. Bankruptcy Court for the District of Arizona to
employ Appraisal Technology, Inc. as appraiser.

The Debtor hired Appraisal Technology to obtain an accurate
valuation of the Debtor's interest in its property, as is
necessary in light of the upcoming evidentiary confirmation
hearing, and to present expert testimony regarding the valuation
of the Property in connection with that confirmation hearing.

The Debtor operates the Days Hotel located at 5101 N. Scottsdale
Road, in Scottsdale, Arizona.  The Debtor also operates Papi
Chulo's Mexican Grill & Cantina, located immediately adjacent to
the hotel.

The Debtor does not own the real property on which the Hotel and
Restaurant are situated but, rather, occupies the Property
pursuant to a long-term land lease.

Appraisal Technology will require a $2,500 retainer.  That $2,500
retainer will be paid by Polsinelli PC, counsel for the Debtor.

Michael Turner, principal of Appraisal Technology, 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.

Appraisal Technology can be reached at:

       Michael Turner
       APPRAISAL TECHNOLOGY, INC.
       220 South River Drive
       Tempe, AZ 85281
       Tel: (480) 285-3874
       Fax: (480) 285-3875
       E-mail: MTurner@atiaz.com

                      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.


SIMPLEXITY LLC: Court Okays Gavin/Solmonese as Panel Advisor
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Simplexity, LLC
and its debtor-affiliates sought and obtained authorization from
the Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware to retain Gavin/Solmonese LLC as financial advisor to
the Committee, nunc pro tunc to Mar. 25, 2014.

The Committee requires Gavin/Solmonese to provide financial
advisory services, including, but not limited to:

   (a) reviewing and analyzing the businesses, management,
       operations, properties, financial condition and prospects
       of the Debtors;

   (b) reviewing and analyzing historical financial performance,
       and transactions between and among the Debtors, their
       creditors, affiliates and other entities;

   (c) reviewing the assumptions underlying the business plans and
       cash flow projections for the assets involved in any
       potential asset sale or plan of reorganization;

   (d) determining the reasonableness of the projected performance
       of the Debtors, both historically and future;

   (e) monitoring, evaluating and reporting to the Committee with
       respect to the Debtors' near-term liquidity needs, material
       operational changes and related financial and operational
       issues;

   (f) reviewing and analyzing all material contracts and
       agreements;

   (g) assisting and procuring and assembling any necessary
       validations of asset values;

   (h) providing ongoing assistance to the Committee and the
       Committee's legal counsel;

   (i) evaluating the Debtors' capital structure and making
       recommendations to the Committee with respect to the
       Debtors' efforts to reorganize their business operations
       and confirm a restructuring or liquidating plan;

   (j) assisting the Committee in preparing documentation required
       in connection with creating, supporting or opposing a plan
       and participating in negotiations on behalf of the
       Committee with the Debtors or any groups affected by a
       plan;

   (k) assisting the Committee in marketing the Debtors' assets
       with the intent of maximizing the value received for any
       such assets from any such sale;

   (l) providing ongoing analysis of the Debtors' financial
       condition, business plans, capital spending budgets,
       operating forecasts, management and the prospects for their
       future performance; and

   (m) other tasks as the Committee or its counsel may reasonably
       request in the course of exercise of the Committee's duties
       in these cases.

Gavin/Solmonese will be paid at these hourly rates:

       Edward T. Gavin, CTP               $625
       Luke D. Snyder                     $400
       Employees and Associates         $250-$650

Gavin/Solmonese will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Edward T. Gavin, managing director and founding partner of
Gavin/Solmonese, 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.

Gavin/Solmonese can be reached at:

       Edward T. Gavin, CTP
       GAVIN/SOLMONESE LLC
       919 N. Market Street, Suite 600
       Wilmington, DE 19801-3037
       Tel: (484) 432-3430
       Fax: (302) 655-6063
       E-mail: ted.gavin@gavinsolmonese.com

                      About Simplexity

Simplexity, LLC, sought protection under Chapter 11 of the
Bankruptcy Code on March 16, 2014 (Case No. 14-10569, Bankr.
D.Del.).  The case is before Judge Kevin Gross.  The Debtors'
counsel is Kenneth J. Enos, Esq., and Robert S. Brady, Esq., at
Young, Conaway, Stargatt & Taylor, LLP, in Wilmington, Delaware.
Prime Clerk LLC serves as claims and noticing agent.  Simplexity
hired Rutberg & Co. as investment banker.

Simplexity LLC and Simplexity Services LLC both estimated
$10 million to $50 million in assets, and $50 million to $100
million in liabilities.

The U.S. Trustee for Region 3 appointed five members to an
official committee of unsecured creditors.  Peter S. Partee, Sr.,
Esq., and Michael P. Richman, Esq., at Hunton & Williams LLP, in
New York; and Christopher A. Ward, Esq., and Shanti M. Katona,
Esq., at Polsinelli PC, in Wilmington, Delaware, represent the
Committee.


SOURCE INTERLINK: Begins Winddown of Operations
-----------------------------------------------
Jamie Mason and Jaewon Kang, writing for The Deal, reported that
Source Interlink Distribution LLC has filed a Worker Adjustment
and Retraining Notification Act notice with the Florida Department
of Economic Opportunity that it will be letting go 165 employees
between now and Aug. 29 as part of the shutdown of its magazine
distribution business, but the company said nearly 6,000 workers
will feel the impact of the closure.

The Bonita Springs, Fla.-based company ceased operation on May 30
after Time Inc. stopped doing business with it, the report
related.


SOURCE INTERLINK: Begins Winddown of Operations
-----------------------------------------------
Jamie Mason and Jaewon Kang, writing for The Deal, reported that
Source Interlink Distribution LLC has filed a Worker Adjustment
and Retraining Notification Act notice with the Florida Department
of Economic Opportunity that it will be letting go 165 employees
between now and Aug. 29 as part of the shutdown of its magazine
distribution business, but the company said nearly 6,000 workers
will feel the impact of the closure.

The Bonita Springs, Fla.-based company ceased operation on May 30
after Time Inc. stopped doing business with it, the report
related.


SOUTHERN STUCCO: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Southern Stucco, Inc.
        12504 S. Choctaw Drive
        Baton Rouge, LA 70815

Case No.: 14-10697

Chapter 11 Petition Date: June 4, 2014

Court: United States Bankruptcy Court
       Middle District of Louisiana (Baton Rouge)

Judge: Hon. Douglas D. Dodd

Debtor's Counsel: Gary K. McKenzie, Esq.
                  STEFFES, VINGIELLO & MCKENZIE, LLC
                  13702 Coursey Boulevard, Building 3
                  Baton Rouge, LA 70817
                  Tel: 225-751-1751
                  Fax: 225-751-1998
                  Email: gmckenzie@steffeslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Wayne Noble, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/lamb14-10697.pdf


SPARKS TOURISM: Moody's Hikes Sales Tax Revenue Bonds to 'B1'
-------------------------------------------------------------
Moody's Investors Service has upgraded to B1 from B2 the rating on
Sparks Tourism Improvement District No.1 (Legends at Sparks
Marina), Nevada's Senior Sales Tax Anticipation Revenue Bonds,
Series A issued in 2008 and outstanding in the amount of $79.2
million. The rating outlook was revised to stable from positive.
The bonds are secured by a senior lien pledge of 75% of sales tax
revenues generated within the district through FY2028, net of an
administration fee of 1.75%. The bonds are 20-year fixed rate
obligations scheduled to mature on June 15, 2028. The bonds
financed a portion of developing a retail shopping and
entertainment project adjacent to Interstate 80 in the City of
Sparks.

Summary Rating Rationale

The B1 rating reflects Moody's projections that the bonds will
default in 2028, absent additional growth in pledged revenues.
However, recent improvement in sales tax receipts results pushes
default to June 15, 2028 from December 15, 2027, and improves the
recovery rate to 98% of scheduled debt service. Full payment of
annual debt service through the medium term is expected without
draws on the reserve fund, despite a still tepid local economy.
Nevertheless, escalating debt service will lead to draws on the
reserve fund in 2027 followed by the projected default, unless
there is additional and sustainable revenue growth. The projected
default is six months later than previously anticipated due to
continued growth in pledged revenues. Importantly, pledged sales
taxes are subject to potential statutory impairment in 2028 with
scheduled maturity of the bonds and inhibits recovery for
bondholders after the default.

The stable outlook reflects Moody's expectation that the current
level of pledged receipts will fully cover annual debt service in
the medium term with support from recent store openings without
drawing the debt service reserve fund. Longer-term, the
combination of weak coverage and escalating debt service
necessitates uncertain, additional growth in pledged revenues to
fully fund debt service and avert a default.

Near-term rating factors will include assessment of the regional
economy and the performance of the project for monthly sales tax
collections. Longer-term rating factors will include the region's
economic trajectory and the project's ability to retain existing
tenants while also securing additional commercial development.
These factors will contribute to Moody's assessment of future
sales tax collections, the likelihood and timing of default, and
recovery for bondholders.

Strengths

-- Project area has favorable location in the Reno metro area
    along Interstate 80, proximate to Lake Tahoe and northern
    California

-- Pledged receipts continue to grow annually, driven by
    continued retail development

-- Satisfactory legal provisions

Challenges

-- High taxpayer concentration in a very limited project area

-- Escalating annual debt service requirements

-- Vulnerable to retail store closings, particularly in economic
    downturns

-- Project only partially completed compared to initial
    development plans

What Could Change The Rating Up

-- Sustained trend of higher pledged receipts leading to
    improved coverage of peak debt service

-- Additional commercial expansion within the project area

What Could Change The Rating Down

-- Weakened pledged sales tax receipts, especially in the near
    term

-- Adverse changes in the project area's tenant mix

-- Depletion of the debt service reserve fund sooner than
     anticipated

The principal methodology used in this rating was US Public
Finance Special Tax Methodology published in January 2014.


SPIRE CORP: Files Conflict Minerals Report with SEC
---------------------------------------------------
Spire Corporation filed with the U.S. Securities and Exchange
Commission a specialized disclosure report on Form SD pursuant to
rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1)
for the reporting period from January 1 to Dec. 31, 2013.

The SEC, in August 2012, adopted a rule mandated by the Dodd-Frank
Wall Street Reform and Consumer Protection Act to require
companies to publicly disclose their use of conflict minerals that
originated in the Democratic Republic of the Congo (DRC) or an
adjoining country.

Conflict Minerals are defined as columbite-tantalite (coltan),
casserite, gold, wolframite, and derivatives initially limited to
tantalum, tin, and tungsten.

2 Adjoining countries are those that share an internationally
recognized border with the DRC, which presently includes Angola,
Burundi, Central African Republic, the Republic of the Congo,
Rwanda, South Sudan, Tanzania, Uganda, and Zambia.

"The following products were identified during this reporting
period as products that may contain Conflict Minerals necessary to
the functionality or production of products manufactured, or
contracted to manufacture, by Spire: Turnkey photovoltaic module
lines," the Report stated.

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

                         http://goo.gl/t9ILTR

                           About Spire Corp

Bedford, Massachusetts-based Spire Corporation currently develops,
manufactures and markets customized turn-key solutions for the
solar industry, including individual pieces of manufacturing
equipment and full turn-key lines for cell and module production
and testing.

Spire Corporation reported a net loss of $8.52 million in 2013, as
compared with a net loss of $1.85 million in 2012.  The Company's
balance sheet at March 31, 2014, showed $13.72 million in total
assets, $16.76 million in total liabilities and a $3.03 million
total stockholders' deficit.

McGladrey LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company incurred an operating loss from continuing operations
of $8.4 million and cash used in operating activities of
continuing operations was $5.2 million.  The Company's credit
agreement with a bank is due to expire on April 30, 2014.  These
factors raise substantial doubt about its ability to continue as a
going concern.


STELLAR BIOTECHNOLOGIES: Appoints 2 Members to Scientific Board
---------------------------------------------------------------
Stellar Biotechnologies, Inc., appointed Gregory T. Baxter, Ph.D.,
and Charles V. Olson, D.Sc., to the Company's Scientific Advisory
Board (SAB).  They will join Daniel C. Adelman, M.D., Malcolm
Gefter, Ph.D., Daniel Morse, Ph.D. and Andrew Saxon, M.D. on the
SAB.  Stellar's SAB is composed of eminent scientists and
physicians representing a range of disciplines including
immunology, molecular biology and biochemistry.  The SAB will be
an ongoing resource to provide Stellar's management with counsel
and guidance pertaining to the research, development, and clinical
application of Stellar's KLH technology.

Dr. Gregory Baxter, a member of Stellar's Board of Directors since
August 2012, is a Senior Scientist in the Department of Clinical
Drug Development for CCS Associates, Inc.  He also serves as
Adjunct Associate Professor at Cornell University in the College
of Chemical Engineering and on the Founders Board of Stanford
University's StartX Med Program.  Dr. Baxter's background spans
both science and business arenas including Program Director for
the National Science Foundation (NSF) Division of Industrial
Innovation and Partnerships; Founder and CSO of Hurel Corporation;
Founder and CEO of Aegen Biosciences; and Research Scientists for
Molecular Devices Corporation.  Dr. Baxter received his Ph.D. in
Biochemistry/Molecular Biology from the University of California,
Santa Barbara.

"It's been gratifying to be a part of Stellar's corporate
achievements this past year and I look forward to contributing on
the Company's research front and in the advancement of its C. diff
immunotherapy program," said Dr. Baxter.

Dr. Charles Olson is a biotechnology industry professional with
broad scientific and operational experience, and specialization in
manufacturing operations and process development.  Dr. Olson
currently serves as vice president of CMC and Technical Operations
for NGM Biopharmaceuticals and vice president of Protein Sciences
for Anthera Pharmacetuicals.  His background includes the
positions of Senior VP of Product Development and Operations for
Nexbio Inc.; VP of Hayward Operations for Cell Genesys; senior
director of Manufacturing, Facilities and Process Development for
Biomarin Pharmaceuticals; and Director of Manufacturing Sciences
for Onyx Pharmaceuticals.  Dr. Olson received his D.Sc. in
Biochemistry from Hawthorne University.

"This is an exciting time for Stellar with its many promising
commercial opportunities that the Company has in its sights," said
Dr. Olson.  "I am excited to join a team with such a strong
technology position, and I look forward to being a part of their
success."

Frank Oakes, Stellar's president and CEO said, "We are delighted
to have both of these biotechnology experts available to our
internal teams and to advise our Board of Directors as we advance
corporate objectives and deliver on key research and operational
goals."

                            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.


STERLING BLUFF: Austin Carter Withdraws as Counsel
--------------------------------------------------
Sterling Bluff Investors LLC notified the Hon. Edward J. Coleman,
III of the U.S. Bankruptcy Court for the Southern District of
Georgia that Austin E. Carter, Esq., withdrew from Stone & Baxter
LLP and from the Chapter 11 bankruptcy case of Sterling Bluff
Investors LLC.  The Debtor noted Matthew Cathey, Esq., will remain
as counsel and Ward Stone, Jr., Esq., as additional counsel.

The firm can be reached at:

         Matthew Cathey, Esq.,
         Ward Stone, Jr., Esq.
         STONE & BAXTER LLP
         Fickling & Company Building
         577 Mulberry Street, Suite 800
         Macon, Georgia 31201
         Tel: (478) 750-9898
         Fax: (478) 750-9899
         E-mail: wstone@stoneandbaxter.com
                 mcathey@stoneandbaxter.com

                About Sterling Bluff Investors, LLC

Sterling Bluff Investors, LLC, a Georgia limited liability company
formed for the purpose of acquiring and owning lots in a
subdivision known as the Ford Plantation, Bryan County, Georgia,
and also certain club memberships in the Ford Plantation Club,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Ga. Case No. 14-40200) in Savannah, Georgia, on Feb. 3, 2014.

Stone & Baxter, LLP, in Macon, Georgia, represents the Debtor in
this Chapter 11 case.

The Debtor estimated assets and debt of $10 million to $50
million.  The petition was signed by Michael Greene, manager.

The U.S. Trustee has not appointed an official committee of
unsecured creditors.  The U.S. Trustee reserves the right to
appoint such a committee should interest developed among the
creditors.


STERLING BLUFF: Can Access $250,000 Financing from SBI
------------------------------------------------------
The Hon. Edward J. Coleman, III, of the U.S. Bankruptcy Court for
the Southern District of Georgia has authorized Sterling Bluff
Investors, LLC to obtain financing on a revolving credit basis, of
up to $250,000 from lender SBI Loan, LLC.

As reported in the Troubled Company Reporter on April 14, 2014,
the Debtor said it will use the loan to facilitate the
reorganization efforts.  The Debtor has been able to obtain the
needed financing by offering the proposed lender an administrative
expense claim.

The Debtor noted the loan will have an interest rate prime plus 1
percent per annum; will mature on the earlier of (i) the effective
date of any confirmed plan of reorganization; or (ii) the sale of
substantially all of the Debtor's assets, unless sooner
terminated.

Objections to the proposed financing were filed by Ford Plantation
Club, Inc., and Coastal Bank.

Secured creditor Ford Plantation said the Debtor failed to
disclose key details including the Debtor's relationship with SBI
Loan.  Ford Plantation said the proposed financing agreement is
illusory because it does not require SBI Loan to lend anything;
all loans are to be made at the "sole discretion" of SBI Loan.
The agreement also allows SBI Loan to demand repayment of its
loans at any time.  Coastal Bank in its objection said the Debtor
may intend the use the money to investigate possible claims
against Ford Plantation.

Ford Plantation has retained as counsel:

         Paul K. Ferdinands, Esq.
         Jeffrey R. Dutson, Esq.
         KING & SPALDING LLP
         1180 Peachtree Street
         Atlanta, Georgia 30309-3521
         Tel: (404) 572-4600
         Fax: (404) 572-5131
         E-mail: pferdinands@kslaw.com
                jdutson@kslaw.com

              - and -

         C. James McCallar, Jr., Esq.
         McCALLAR LAW FIRM
         115 West Oglethorpe Avenue
         P.O. Box 9026
         Savannah, GA 31412
         Tel: (912) 234-1215
         Fax: (912) 236-7549
         E-mail: mccallar@mccallarlawfirm.com

Coastal Bank has retained as counsel:

         Kathleen Horne, Esq.
         BOUHAN FALLIGANT LLP
         Post Office Box 2139
         Savannah, Georgia 31402-2139
         Tel: (912) 232-7000
         E-mail: khorne@bouhan.com

                About Sterling Bluff Investors, LLC

Sterling Bluff Investors, LLC, a Georgia limited liability company
formed for the purpose of acquiring and owning lots in a
subdivision known as the Ford Plantation, Bryan County, Georgia,
and also certain club memberships in the Ford Plantation Club,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Ga. Case No. 14-40200) in Savannah, Georgia, on Feb. 3, 2014.

Stone & Baxter, LLP, in Macon, Georgia, represents the Debtor in
this Chapter 11 case.

The Debtor estimated assets and debt of $10 million to $50
million.  The petition was signed by Michael Greene, manager.

The U.S. Trustee has not appointed an official committee of
unsecured creditors.  The U.S. Trustee reserves the right to
appoint such a committee should interest developed among the
creditors.


STERLING BLUFF: Wants Plan Filing Deadline Extended to Oct. 1
-------------------------------------------------------------
Sterling Bluff Investors LLC asks the U.S. Bankruptcy Court for
the Southern District of Georgia to extend its exclusive periods
to file a Chapter 11 plan until Oct. 1, 2014, and solicit
acceptances of that plan until Dec. 1, 2014.

The Debtor tells the Court that the extension of time is essential
to permit it to propose a plan of reorganization which will
provide for payment in full of all allowed claims.  According to
the Debtor, opening this case to competing plans at this early and
critical juncture would distract the Debtor from its effort and is
contrary to the best interest of the Debtor's estate.

                  About Sterling Bluff Investors

Sterling Bluff Investors, LLC, a Georgia limited liability company
formed for the purpose of acquiring and owning lots in a
subdivision known as the Ford Plantation, Bryan County, Georgia,
and also certain club memberships in the Ford Plantation Club,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Ga. Case No. 14-40200) in Savannah, Georgia, on Feb. 3, 2014.

Stone & Baxter, LLP, in Macon, Georgia, represents the Debtor in
this Chapter 11 case.

The Debtor estimated assets and debt of $10 million to $50
million.  The petition was signed by Michael Greene, manager.

The U.S. Trustee has not appointed an official committee of
unsecured creditors.  The U.S. Trustee reserves the right to
appoint such a committee should interest developed among the
creditors.


TLFO LLC: Asks Court to Approve Triax Data Settlement
-----------------------------------------------------
TLFO, LLC, asks the Bankruptcy Court to approve its settlement
with Triax Data, Inc.

In July 2009, TLO and Triax entered into a data use agreement to
provide data for use by TLO to provide access to qualified
not-for-profit entities involved in child protection.

TLO and Triax reached an agreement for a six-month term commencing
in April 2010, and month-to-month after that, TLO agreed to pay a
monthly fee for the use of data. Triax filed a proof of claim for
$1,100,000 based on data provided under the agreement.

TLO objected to the claim because there was no contract and no
data services were provided, and Triax responded that it had
provided use of its data since 2010 and that the parties agreed
that TFLO would pay Triax $100,000 per month.

Triax also sought for payment of administrative expense for the
TLFO's use of the data after it filed for Chapter 11 bankruptcy.

On March 25, 2014, TFLO and Triax voluntarily participated in
mediation with Mediator, Jerry M. Markowitz.

The parties agreed to settle all claims by Triax for $175,000,
which will be allowed as an unsecured claim to be paid at
confirmation to Shraiberg, Ferrara & Landau, P.A., counsel for
Triax, with all parties to bear their own costs and attorneys'
fees.

TLO is represented by:

     Robert C. Furr
     FURR AND COHEN, P.A.
     2255 Glades Road, Suite 337W
     Boca Raton, FL 33431
     Tel: (561) 395-0500
     Fax: (561) 338-7532
     E-MAIL: rfurr@furrcohen.com

                    About TLO LLC nka TLFO LLC

TLO LLC, a provider of risk-mitigation services, filed a petition
for Chapter 11 reorganization (Bankr. S.D. Fla. Case No.
13-bk20853) on May 9, 2013, in West Palm Beach, Florida, near the
company's headquarters in Boca Raton.  The petition was signed by
E. Desiree Asher as CEO.

Judge Paul G. Hyman, Jr., presides over the case.  Robert C. Furr,
Esq., and Alvin S. Goldstein, Esq., at Furr & Cohen, serve as the
Debtor's counsel.  Bayshore Partners, LLC is the Debtor's
investment banker.  Thomas Santoro and GlassRatner Advisory &
Capital Group, LLC are the Debtor's financial advisors.

Paul J. Battista, Esq., and Mariaelena Gayo-Guitian, Esq., at
Genovese, Joblove & Battista, P.A., represent the Official
Committee of Unsecured Creditors as counsel.

The Debtor disclosed assets of $46.6 million and liabilities of
$109.9 million, including $93.4 million in secured claims.  The
principal lender is Technology Investors Inc., owed $89 million.
TII is owned by the estate of Hank Asher, the company's primary
owner who died this year.  There is $4.6 million secured by
computer equipment.

                           *     *     *

In May 2014, TLO LLC won court approval for a liquidating Chapter
11 plan with at least $18.7 million for distribution to
shareholders, assuming the deceased founder's secured claim of
$91.1 million isn't knocked out.

The disclosure statement explaining TLO LLC's Amended Plan was
approved in March 2014.  The Plan, filed March 7, projects that
$18 million will be available for equity interest holders,
assuming that the secured claim of Hank Asher, the Debtor's
deceased founder, will be allowed in full.  If the secured claim
of TI is not recharacterized, then TI will be entitled to its $89
million claim, including default interest, attorneys' fees and
costs -- the current amount of which is in excess of $91 million
and began accruing interest at the default rate of 6.25% on
Jan. 24, 2014.  The Plan proposes that $16.5 million is used
for full payment of unsecured creditors.

The Debtor changed its name to TLFO LLC following the sale of its
assets to TransUnion Holding Co. Inc., which emerged as the winner
at an auction with a bid of $154 million.  The Purchase Agreement
required the Debtor to change its name.  The Court approved the
sale in December 2013.


TRANS-LUX CORP: Units Buy All Assets of ACES and Ecostar
--------------------------------------------------------
Trans-Lux Energy Corporation, a subsidiary of Trans-Lux
Corporation, entered into an Asset Purchase Agreement with
Advanced Custom Energy Solutions pursuant to which TL Energy
purchased all of the assets of ACES for a purchase price of $100.
A copy of the TL Energy Agreement is available for free at:

                         http://is.gd/PNMGwr

In connection with the TL Energy Agreement, the Company has
entered into an employment agreement dated May 27, 2014, with
David Pavlik, pursuant to which he will serve as the president of
TL Energy.  The term of Mr. Pavlik's employment will be for two
years commencing May 28, 2014.  Mr. Pavlik will receive a base
salary of $125,000 per annum, which will be increased to $150,000
per annum as of Aug. 1, 2014.  In connection with the Employment
Agreement, Mr. Pavlik will also be entitled to a net profit bonus,
pursuant to which on account of each of fiscal years 2014 and
2015, he will be granted restricted shares of the Company's common
stock, par value $0.001 per share in an amount equal to 10,000
Bonus Shares per each $1,000,000 of Net Profit Earnings for such
fiscal year.  Additionally, on May 27, 2014, Mr. Pavlik was
granted 50,000 restricted shares of the Company's common stock,
par value $0.001 per share, pursuant to a restricted stock
agreement.

On May 27, 2014, Trans-Lux Investment Corporation, a subsidiary of
the Company, entered into an Asset Purchase Agreement with Ecostar
Industries, Inc., pursuant to which TL Investment purchased all of
the assets of Ecostar for a purchase price of $100.  A copy of the
TL Investment Agreement is available for free at:

                         http://is.gd/FjlMvp

On May 29, 2014, the Company amended and restated that certain
promissory note in favor of Carlisle Investments, Inc., pursuant
to which Carlisle had loaned $1,000,000 to the Company in order to
provide the Company with temporary financing.  Mr. Marco Elser, a
director of the Company, exercises voting and dispositive power as
investment manager of Carlisle.  As a result of the amendment and
restatement, which has been approved in writing by Carlisle, the
maturity date of the Note is now July 1, 2014.  All other terms of
the Note remain unchanged.

Effective May 29, 2014, Mr. Todd Dupee stepped down from his
position as chief financial officer of the Company.  Mr. Dupee
continues to be employed as a vice president of the Company and
will assume the role of controller.

Effective May 29, 2014, Mr. Robert J. Conologue was elected by the
Company's Board of Directors to serve as the Company's chief
financial officer.  Mr. Conologue, 65, previously served as chief
financial officer of Utrecht Art Supplies, a private equity
portfolio company.  Prior to that, Mr. Conologue served as the
chief financial officer and acting chief operating officer at
Twinlab Corporation.  Mr. Conologue also held senior finance
and/or operating positions at The Warnaco Group, Southern New
England Telephone, and Avon Products, Inc.  Mr. Conologue obtained
his Certified Public Accountant certificate in the State of
Connecticut and holds a B.S. in Finance from Wilkes University.
Currently, Mr. Conologue will receive compensation of $180,000 per
annum.

A full-text copy of the Form 10-K is available for free at:

                        http://is.gd/WHQ5Rl

                    About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.

Trans-Lux Corporation reported a net loss of $1.86 million on
$20.90 million of total revenues for the year ended Dec. 31, 2013,
as compared with a net loss of $1.36 million on $23.02 million of
total revenues in 2012.  The Company's balance sheet at Dec. 31,
2013, showed $18.50 million in total assets, $17 million in total
liabilities and $1.50 million in total stockholders' equity.

BDO USA, LLP, in Melville, NY, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations and has
a significant working capital deficiency that raise substantial
doubt about its ability to continue as a going concern.  Further,
the Company is in default of the indenture agreements governing
its outstanding 9 1/2 Subordinated debentures which was due in
2012 and its 8 1/4 percent Limited convertible senior subordinated
notes which was due in 2012 so that the trustees or holders of 25
percent of the outstanding Debentures and Notes have the right to
demand payment immediately.  Additionally, the Company has a
significant amount due to their pension plan over the next 12
months.


TRIPLE A&R CAPITAL: Case Summary & 10 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Triple A&R Capital Investment, Inc.
           aka Concordia Gardens Shopping Center
        MSC 602, SUITE 105
        89 De Diego AVE.
        San Juan, PR 00924

Case No.: 14-04744

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 9, 2014

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Charlez Alfred Cuprill, Esq.
                  CHARLES A CURPILL, PSC LAW OFFICE
                  356 Calle Fortaleza, Second Floor
                  San Juan, PR 00901
                  Tel: 787 977-0515
                  Email: cacuprill@cuprill.com

Total Assets: $4.14 million

Total Liabilities: $3.87 million

The petition was signed by Luisette Cabanas Colon, president.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb14-04744.pdf


TRITON CONTAINER: S&P Retains 'BB+' Corporate Credit Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BBB' issue-level
rating to San Francisco-based marine cargo container lessor Triton
Container International Ltd.'s $200 million senior secured notes
due 2024 and $275 million senior secured notes due 2026.  The
recovery rating on both issues is '1', indicating S&P's
expectation that lenders would receive very high recovery (90%-
100%) of principal in the event of a payment default.  The company
will use the proceeds for general corporate purposes and to redeem
debt.

S&P's rating on Triton reflects the company's substantial market
position within the marine cargo container leasing industry.  The
company generates a large proportion of its revenues from long-
term leases, resulting in relatively stable earnings and cash
flow.  The rating also incorporates the cyclicality and capital
intensity of the marine cargo container leasing industry.  S&P
assess the company's business risk profile as "satisfactory," its
financial profile as "significant," and its liquidity as
"adequate," based on S&P's criteria.

The outlook is stable.  S&P believes that Triton will benefit from
favorable market fundamentals that should contribute to increased
earnings and cash flow, helping the company to maintain a
relatively stable financial profile despite increased debt to fund
growth.  S&P could lower the rating if Triton's earnings do not
improve to the levels we expect, leading to a weaker financial
risk profile and funds from operations to debt falling to the low-
teens percent area for a sustained period.  S&P do not foresee an
upgrade as long as a private-equity firm owns the company.  S&P
typically do not rate private-equity owned transportation
equipment lessors higher than 'BB+' because of financial policy
concerns.

RATINGS LIST

Triton Container International Ltd.
Corporate Credit Rating                            BB+/Stable/--

New Ratings
Triton Container International Ltd.
$200 million senior secured notes due 2024         BBB
  Recovery Rating                                   1
$275 million senior secured notes due 2026         BBB
  Recovery Rating                                   1


ULTIPRF LLC: Case Summary & 5 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Ultiprf, LLC
        316 Mid-Valley Center, #142
        Carmel, CA 93923

Case No.: 14-52474

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 8, 2014

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

Judge: Hon. Arthur S. Weissbrodt

Debtor's Counsel: Gregory A. Rougeau, Esq.
                  DIAMOND MCCARTHY LLP
                  150 California St. #2200
                  San Francisco, CA 94111
                  Tel: (415)283-1776
                  Email: grougeau@diamondmccarthy.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Carol P. Frederick, manager/member.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/canb14-52474.pdf


UNION HOSPITAL: Chapter 9 Case Summary & 20 Top Unsec. Creditors
----------------------------------------------------------------
Debtor: Union Hospital District
            dba The Ellen Sagar Nursing Home
            dba Carolinas Health Associates
            dba Union County EMS
            aka the Wallace Thomson Hospital
        PO Box 789
        Union, SC 29379

Bankruptcy Case No.: 14-03299

Type of Business: Health Care

Chapter 9 Petition Date: June 6, 2014

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

Debtor's Counsel: Stanley H. McGuffin, Esq.
                  HAYNSWORTH SINKLER BOYD, P.A.
                  1201 Main Street, 24th Floor
                  PO Box 11889
                  Columbia, SC 29211-1889
                  Tel: (803)540-7836
                  Email: smcguffin@hsblawfirm.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Paul R. Newhouse, chief executive
officer.

Debtor's 20 Largest Unsecured Creditors:

  Entity                      Nature of Claim        Claim Amount
  ------                      ---------------        ------------
Aramark Management Services       Trade               $3,286,834
1101 Market Street
Philadelphia, PA 19107
Jonathan L. Swichar, Esq.
Duane Morris
30 South 17th Street
Philadelphia, PA 19103-4196
215.979.1000

Cardinal Health 200, LLC           Trade              $1,241,938
7000 Cardinal Health
Dublin, OH 43017
Daniel Bennett, Esq.
Kegler, Brown, Hill & Ritter
65 W. State Street
Suite 1800
Columbus, OH 43215
614.462.5400

South Carolina Department          Government          $862,205
of Revenue                         Contract
PO Box 12265
Columbia, SC 299211

Sweet Dreams Nurse Anesthesia        Trade             $687,780
4080 McGinnis Ferry Road
Suite 102
Alpharetta, GA 30005
Morgan S. Templeton, Esq.
PO Box 1200
Charleston, SC 29402
843.329.9500, ext. 209

McKesson Technologies                Trade             $499,001
PO Box 98347
Chicago, IL 60693-8347

Morrison Management Services         Trade             $349,015
5801 Peachtree Dunwoody Road
Atlanta, GA 30342
Stephen Lewis, Esq.,
Covington, Patrick, Hagins,
Stern & Lewis, PA
PO Box 2383
Greensville, SC 2960

Upstate Hospital Physicians, Inc.    Trade             $183,000

St. Jude Medical Inc.                Trade             $181,231

City of Union                        Trade             $175,430

Medtronic USA, Inc.                  Trade             $168,986

Fujifilm Medical Systems USA Inc.    Trade             $154,340

Healthcare Service Management, Inc.  Trade             $136,045

Weatherby Locums, Inc.               Trade             $129,443

Virtual Radiologic Corporation       Trade             $123,912

OmniCare Inc.                        Trade              $94,636

Aegis Therapies, Inc.                Trade              $88,624

Mary Black Physician Group           Trade              $85,380

Stryker Orthopedics                  Trade              $72,014

Medline Industries, Inc.             Trade              $65,374

Barton Associates, Inc.              Trade              $62,958


UNIVITA HEALTH: S&P Withdraws 'B-' Corp. Credit Rating
------------------------------------------------------
Standard & Poor's Ratings Services withdrew its ratings, including
the 'B-' corporate credit rating, on Scottsdale, Arizona-based
insurance administration and home health company, Univita Health
Inc., at the company's request.  The rating outlook was negative
at the time of withdrawal.

On June 6, 2014, the company closed the sale of its insurance
administration business and plans to use the funds to repay the
rated debt outstanding.


US XPRESS: S&P Affirms 'B-' CCR & Removes From CreditWatch Neg.
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'B-'
corporate credit rating on Chattanooga, Tenn.-based US Xpress
Enterprises Inc.), and removed it from CreditWatch, where S&P
placed it with negative implications on May 2, 2013.  The outlook
is stable.

Following the affirmation and CreditWatch action, S&P withdrew the
rating at the company's request.

US Xpress recently completed refinancing its debt, which improved
its liquidity.  S&P revised its assessment of US Xpress' liquidity
to "adequate" from "less than adequate," based on the company's
successful completion of a new $275 million term loan (unrated)
and the repayment of its existing debt.

S&P's rating on US Xpress is based primarily on its assessment of
the company's business risk profile as "weak" and its financial
risk profile as "aggressive."  The "weak" business risk profile
assessment reflects the intensely competitive, highly fragmented,
and cyclical truckload (TL) market in which US Xpress operates.
US Xpress' significant business position as a major TL carrier
with good customer, end-market, and geographic diversity partly
offsets these factors.

"We assigned a stable outlook following our affirmation of the
corporate credit rating on US Xpress," said Standard & Poor's
credit analyst Anita Ogbara.  "However, because we subsequently
withdrew the rating, the conditions to raise or lower the rating
are not applicable."


VAIL RESORTS: Sr. Notes Redemption No Impact on Moody's Ba2 CFR
---------------------------------------------------------------
Moody's Investors Service says that Vail Resorts, Inc.'s proposed
redemption for $175 million of the company's $390 million 6.5%
senior subordinated notes due 2019 is a credit positive, but it
does not immediately impact the company's Ba2 Corporate Family
Rating (CFR), Ba2-PD Probability of Default Rating (PDR) or stable
rating outlook.

Vail Resorts Inc. is a publicly-traded holding company (NYSE:MTN)
that owns and operates eight premier ski resort properties through
its subsidiaries, including four in the Colorado Rocky Mountains
(Vail, Breckenridge, Keystone and Beaver Creek), three in the Lake
Tahoe area of California and Nevada (Heavenly, Northstar and
Kirkwood), and one in Park City, Utah (Canyons). The company may
eventually operate Park City Mountain Resort in the future, but
this is still subject to the final outcome of pending litigation.
Vail also owns two urban ski areas, one in Minnesota and another
in Michigan, and runs ancillary businesses at all of its resorts
including ski school, dining and retail/rental operations. The
company also owns and/or manages a number of lodging properties
and condominiums located in proximity to its ski resorts. In
addition, Vail owns and develops real estate in and around its
resort communities. Operations are grouped into three reportable
segments: Mountain, Lodging, and Real Estate, which represented
approximately 78%, 19%, and 3% of net revenues for the twelve
months ended April 30, 2014. Net revenues during the same period
were approximately $1.23 billion.


VERDESIAN LIFE: Moody's Assigns 'B3' Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service assigned first-time ratings to Verdesian
Life Sciences LLC ("VLS"), including a B3 Corporate Family Rating
("CFR") and B3 ratings to the company's proposed senior secured
credit facilities. Proceeds from the proposed $200 million senior
secured term loan and an equity contribution from existing
ownership will be used to fund the acquisition of another
specialty fertilizer company, refinance existing debt, and pay
transaction-related fees and expenses. The rating outlook is
stable.

"Management has assembled a solid collection of highly-profitable
businesses, but event and execution risks remain high considering
Moody's expectation that the company will remain acquisitive,"
said Ben Nelson, Moody's Assistant Vice President and lead analyst
for Verdesian Life Sciences LLC.

The actions:

Issuer: Verdesian Life Sciences LLC

Corporate Family Rating, Assigned B3;

Probability of Default Rating, Assigned B3-PD;

$25 million First Lien Senior Secured Revolving Credit Facility
due 2019, Assigned B3 (LGD3 49%);

$200 million First Lien Senior Secured Term Loan B due 2020,
Assigned B3 (LGD3 49%);

Outlook, Stable.

The assigned ratings are subject to Moody's review of the final
terms and conditions of the proposed transaction.

Ratings Rationale

The B3 CFR is constrained by small size and scale, product
concentration, limited operating history, integration risk
associated with the proposed acquisition, and ongoing event risk
associated with private equity ownership. Strong long-term
agricultural fundamentals, favorable long-term growth prospects,
patent protection for key products, strong margins, and adequate
liquidity support the rating. Moody's estimates pro forma leverage
in the mid 5 times range (excluding synergies and certain-
addbacks) and high 4 times (including synergies) for the twelve
months ended December 31, 2013. Moody's expects the company will
generate retained cash flow near 10% (RCF/Debt) and that adjusted
financial leverage will fall to the low 4 times (Debt/EBITDA) by
the end of 2015.

Verdesian was formed by the current chief executive officer and
private equity sponsor as a platform to acquire plant health
technologies. The company has acquired four businesses in less
than two years including Biagro Western, INTX Microbials,
Northwest Agriproducts, and Plant Syence. These businesses focus
on improving the efficacy of nitrogen and phosphorus fertilizers
for fruits and vegetables. The target also focuses on nitrogen and
phosphorus fertilizers. The combined company will remain quite
small and concentrated entirely on niche markets within the much-
larger fertilizer industry. Additional near-term concerns weighing
on the rating include the upcoming integration of the target, a
family-owned business, and reliance on patented technologies. The
rating is also constrained by event risk as Moody's expect
Verdesian to remain acquisitive.

However, industry fundamentals should be supportive of long-term
demand for plant health products given their effectiveness in
improving yields, increasing global demand for food and increasing
sensitivity around the environmental impact of chemical
fertilizers. The combined entity should also generate better
margins than most rated peers in the chemical industry with room
for additional improvement if the company is able to achieve at
least part of planned cost synergies related to the business
combination.

The stable outlook assumes that the company will integrate the
target successfully, achieve most of the planned cost synergies,
and generate positive free cash flow in 2015. Moody's could
upgrade the rating with improvement in size and diversity without
any degradation in key credit metrics. Moody's could also upgrade
the rating if the company reduces debt and commits to financial
policies supportive of leverage sustained below 4 times and
retained cash flow to debt well above 10%. Conversely, Moody's
could downgrade the rating with expectations for leverage
sustained above 6 times or negative free cash flow. Deterioration
in liquidity, additional debt-financed acquisitions, or
shareholder dividends in the near-term could also have negative
rating implications.

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

Headquartered in Cary, North Carolina, Verdesian Life Sciences LLC
owns a portfolio of proprietary specialty plant health
technologies. Verdesian's products improve nitrogen and
phosphorous uptake in plants, resulting in better yields for
farmers. Protected intellectual property is largely in the form of
exclusive licenses with leading research institutions and
universities, and major brands include: Nutriphite, Take Off,
Sterics, and PolyAmines.


VERDESIAN LIFE: S&P Assigns 'B+' CCR; Outlook Stable
----------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B+' corporate
credit rating to Verdesian Life Sciences LLC.  The outlook is
stable.

At the same time, based on preliminary terms and conditions, S&P
assigned a senior secured debt rating of 'BB-' (one notch higher
than the corporate credit rating) and a recovery rating of '2' to
Verdesian's proposed $225 million credit facility.  The proposed
credit facility consists of a $25 million five-year revolving
credit facility and a $200 million six-year first-lien term loan.

S&P expects Verdesian to use the proceeds from the issuance to
acquire the target company, to refinance existing debt, and to pay
for associated transaction fees.

"Our 'B+' rating on Verdesian has been derived from our anchor of
'b', based on our assessments of the company's 'fair' business
risk and 'highly leveraged' financial risk profiles, as defined in
our criteria," said Standard & Poor's credit analyst James
Siahaan.  S&P applies a positive comparable rating analysis
modifier to our anchor, which results in a corporate credit rating
of 'B+'.

Verdesian is acquiring another leading U.S. plant nutrition
company, subject to customary closing conditions.  The company
will finance the transaction with a proposed $225 million credit
facility along with a substantial equity infusion.  Verdesian will
also use a portion of the proceeds from the issuance to refinance
existing debt and to pay for associated transaction fees.  The
parties expect the transaction to close during either the second
or third calendar quarter of 2014.

Cary, N.C.-based Verdesian controls various firms in the plant
nutrition industry.  The company was incorporated in September
2012 and has made four acquisitions since its inception.  The
target company in this latest acquisition operates research and
production facilities in the Midwestern Corn Belt.  With this
transaction, Verdesian enhances its status in the plant nutrition
industry, more than doubling its revenues and tripling its EBITDA.
Still, the company's size will remain quite small relative to
other chemical companies that S&P rates.

The stable outlook reflects S&P's expectation that Verdesian will
be able to integrate its acquisition of the target company without
significant difficulties and obtain its projected level of
synergies.  S&P do not anticipate any significant increase in debt
beyond the proposed borrowings, and so it expects the company's
pro forma credit measures to remain appropriate for the rating
during the next year, including debt to EBITDA of 4x to 5x.

A rating upgrade would primarily be predicated on equity sponsor
Paine & Partners' commitment to lower debt leverage and S&P's
level of comfort that the debt reduction would be sustainable.
Other factors include Verdesian successfully integrating the
acquisition as well as improving cash flow via operating
synergies, introducing new products, enhancing pricing, and
selling greater volumes.  S&P views a debt to EBITDA ratio of
below 4x on a sustainable basis as an indicator of a stronger
financial risk profile and a potential precursor to higher
ratings.

S&P could consider a downgrade if the pro forma debt to EBITDA
ratio remains higher than 5x without clear prospects of recovery
in the near term.  This may happen if the integration of the
acquired business is not successful, if there is a sharp decline
in the agricultural products industry, if competition from
alternative products or industry-wide pricing hurts operating
results, or if management chooses to adopt more aggressive
financial policies.  S&P's ratings incorporate some cushion for
tuck-in acquisitions, but a large debt-financed transaction could
cause S&P to re-evaluate.


VERIS GOLD: Supreme Court Grants Creditor Protection Application
----------------------------------------------------------------
Veris Gold Corp. on June 9 disclosed that the Supreme Court of
British Columbia has issued an order granting the Company's
application for creditor protection under the Companies' Creditors
Arrangement Act ("CCAA").  The order also extends protection to
Veris' subsidiaries Queenstake Resources Ltd., Ketza River
Holdings Ltd., and Veris Gold USA, Inc. Ernst & Young Inc. will
serve as the Court-appointed Monitor in the CCAA proceedings to
oversee the operations of the Company and report to the Court
during the restructuring.

The Company has also received a temporary restraining order from
the US Bankruptcy Court following a hearing on the afternoon of
June 9 in Nevada.  The temporary restraining order is in effect
pending a full hearing of an application for recognition of the
CCAA proceedings pursuant to Chapter 15 of the US Bankruptcy Code.
As a result, United States creditors are restrained from taking
action against the Company and the other CCAA Petitioners,
including Veris Gold USA, Inc.

The decision to commence CCAA proceedings was made after
extensively exploring alternatives following thorough consultation
with its legal and financial advisors.  As well, the Special
Committee has for some time been working diligently on the
restructuring and refinancing efforts.  The Company sought
protection to address near term liquidity issues due to a
decreasing gold price, higher than anticipated production costs,
demands for payment under existing loan agreements and unexpected
shut downs including the January 2014 shutdown resulting from the
December 2013 fire.

In these circumstances, the Company's Board of Directors
determined that a CCAA proceeding is the most prudent and
effective way to carry on business and maximize value for the
Company's stakeholders.  The Company seeks to continue operational
restructuring alternatives while under CCAA protection, including
reducing or restructuring its obligations and reducing operating
costs.  Any such restructuring will be undertaken for the purpose
of further enhancing the Company's long term financial health,
liquidity and competiveness.

The Company is committed to completing the restructuring process
quickly and efficiently.  The Company's Jerritt Canyon operation
continues to produce gold and is cash-flow positive during these
proceedings.

                      About Veris Gold Corp.

Veris Gold Corp. is a growing mid-tier North American gold
producer in the business of developing and operating gold mines in
geo-politically stable jurisdictions.  The Company's primary
assets are the permitted and operating Jerritt Canyon processing
plant and gold mines located 50 miles north of Elko, Nevada, USA.
The Company's primary focus is on the re-development of the
Jerritt Canyon mining and processing plant.  The Company also
holds a portfolio of precious metals properties in British
Columbia and the Yukon Territory, Canada, including the Ketza
River Property.

                           *     *     *

As reported in the TCR on April 11, 2013, Deloitte LLP, in
Vancouver, Canada, expressed substantial doubt about Veris Gold's
ability to continue as a going concern, citing the Company's net
losses over the past several years, working capital deficit in the
amount of US$34.3 million and accumulated deficit of
US$379.0 million as at Dec. 31, 2012.


VERITEQ CORP: Issued $300,000 Convertible Notes
-----------------------------------------------
VeriTeQ Corporation, on May 30, 2014, entered into a first
amendment agreement relating to the securities purchase agreement,
dated Nov. 13, 2013, among the Company and a group of investors.
Also on May 30, 2014, the Company entered into a new securities
purchase agreement and senior convertible notes with two
institutional and accredited investors.  Pursuant to the terms of
the New Purchase Agreement, the Company issued and sold to the
Investors senior secured convertible notes in the aggregate
original principal amount of $300,000.  No new warrants are being
issued in connection with the New Purchase Agreement.  As a result
of the issuance of the New Notes, the warrants and notes issued on
Nov. 13, 2013, will, pursuant to their terms, have material
adjustments.

The New Notes will mature on the first anniversary of the closing.
No interest will accrue on the New Notes unless there is an event
of default, in which case interest on the New Notes will commence
accruing daily at a rate of 18 percent per annum.

The Amendment Agreement

The Company and certain investors are parties to the Existing
Securities Purchase Agreement, pursuant to which the Company sold,
and the Buyers purchased, certain senior secured convertible
notes.  In connection with the Existing Securities Purchase
Agreement, the Company issued certain warrants.  The Amendment
Agreement (i) permits the issuance of the New Notes and the
transactions contemplated by the New Purchase Agreement; (ii)
waives certain provisions of the Existing Securities Purchase
Agreement with respect to the issuance of such New Notes; and
(iii) makes certain amendments to the Old Notes.

The New Purchase Agreement

The New Purchase Agreement provides, among other things, that (i)
the Company will not enter into a variable rate transaction at any
time while the New Notes are outstanding; and (ii) for so long as
any New Notes remain outstanding, the Company will not, in any
manner, enter into or effect any dilutive issuance if the effect
of that dilutive issuance is to cause the Company to be required
to issue upon conversion of any New Notes any shares of common
stock in excess of that number of shares of common stock which the
Company may issue upon conversion of the New Notes without
breaching the Company's obligations under the rules or regulations
of the OTCQB market.

Impact on Existing Securities of the Company

As a result of the issuance of the New Notes at a conversion price
less than the conversion price of the Old Notes, the conversion
price of the Old Notes is automatically reduced to match the
conversion price of the New Notes, which is $0.20.  Similarly,
each of the Old Warrants will automatically adjust as follows: (i)
the exercise price will decrease to match the conversion price of
the New Notes, which is $0.20, and (ii) the number of shares will
increase by 14.2 times, which is the ratio of the old exercise
price of $2.84 over the new exercise price of $0.20.  Accordingly,
subject to future adjustment, the number of shares of common stock
that may be purchased by exercising the Old Warrants is,  in the
aggregate, 41,811,105 shares, and, subject to future adjustment,
the number of shares of common stock that may be acquired by
converting the Old Notes is, in the aggregate, 9,083,335 shares.

A full-text copy of the Form 8-K disclosure is available for free
at http://is.gd/xNc8ZA

                            About VeriTeQ

VeriTeQ (formerly known as Digital Angel Corporation) develops
innovative, proprietary RFID technologies for implantable medical
device identification, and dosimeter technologies for use in
radiation therapy treatment.  VeriTeQ offers the world's first FDA
cleared RFID microchip technology that can be used to identify
implantable medical devices, in vivo, on demand, at the point of
care.  VeriTeQ's dosimeters provide patient safety mechanisms
while measuring and recording the dose of radiation delivered to a
patient in real time.  For more information on VeriTeQ, please
visit www.veriteqcorp.com .

Veriteq Corporation reported a net loss of $15.07 million on
$18,000 of sales for the year ended Dec. 31, 2013, as compared
with a net loss of $1.60 million on $0 of sales for the year ended
Dec. 31, 2012.  As of March 31, 2014, the Company had $7.97
million in total assets, $15.19 million in total liabilities and a
$7.21 million total stockholders' deficit.

EisnerAmper LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has incurred recurring net losses, and at Dec. 31,
2013, had negative working capital and a stockholders' deficit.
These events and conditions raise substantial doubt about the
Company's ability to continue as a going concern.


WESTMORELAND COAL: $1 Million Notes Validly Tendered
----------------------------------------------------
Westmoreland Coal Company announced the expiration of its offer,
previously announced on May 7, 2014, to purchase up to $22,125,000
principal amount of its 10.75 percent Senior Secured Notes due
2018.  The offer expired at 5:00 p.m. Eastern Time on Thursday,
May 29, 2014.

As of the expiration of the offer, Westmoreland had received
tenders for an aggregate principal amount of $1,015,000 of Notes,
CUSIPs 960887AB3, U96068AC2, and 960887AD9, and accepted for
purchase all of the Notes validly tendered.  Westmoreland will pay
in cash an amount equal to 100 percent of the principal amount of
the Notes tendered, plus accrued and unpaid interest thereon, at
5:00 P.M. Eastern Time on June 3, 2014.

Westmoreland was required by the terms of its indenture governing
the Notes to make this offer because it achieved certain financial
results (as provided in the indenture) for the year ended Dec. 31,
2013.

None of Westmoreland Coal Company or any of its affiliates, or its
or their boards of directors, or the trustee for the Notes, made
any recommendation as to whether holders of the Notes should
tender or refrain from tendering the Notes.

                         Unit Prepays Notes

On May 28, 2014, Westmoreland Mining LLC, a wholly owned
subsidiary of Westmoreland Coal Company, prepaid in full its 8.02%
senior secured notes due 2018, as previously announced on May 2,
2014.  As required by the terms of the WML Notes, notice of
prepayment was delivered to the holders of the WML Notes on
April 28, 2014, 30 days prior to the prepayment date.

WML prepaid the WML Notes in full on May 28, 2014, consisting of
$81 million in current aggregate principal amount, plus a make-
whole amount of approximately $11.62 million determined in
accordance with the provisions of the WML Notes.  If the WML Notes
had not been prepaid in full, they would have matured on March 31,
2018.  The Company used cash on hand from the issuance of $425
million in aggregate principal amount of the Company's 10.750%
senior secured notes to prepay the WML Notes.  Following the
prepayment, WML and each of its subsidiaries will become
guarantors of the 10.75% Notes.  In connection therewith, certain
assets of the Company's Rosebud, Savage, Dakota and Jewett mines,
which are wholly-owned by subsidiaries of WML, will now become
collateral under the 10.75% Notes.  In addition, WML and its
subsidiaries will become borrowers under the Company's $60 million
revolving line of credit from The PrivateBank and Trust Company
and certain assets of WML and its subsidiaries will become
collateral for the PrivateBank Revolver.

In addition, WML is in the process of terminating its revolving
credit facility under its Amended and Restated Credit Agreement
dated as of June 26, 2008, among WML, its subsidiaries, PNC Bank,
National Association, as Administrative Agent and the banks party
thereto, as amended.  The WML Revolver had a borrowing limit of
$25 million, but at the time of termination, had no outstanding
balance.  Once the WML Revolver is terminated, all collateral
securing the WML Revolver will become collateral under the 10.75%
Notes or the PrivateBank Revolver, as applicable.

                       About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest
independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland Coal incurred a net loss applicable to common
shareholders of $6.05 million in 2013, a net loss
applicable to common shareholders of $8.58 million in 2012 and a
net loss applicable to common shareholders of $34.46 million in
2011.

As of Dec. 31, 2013, the Company had $946.68 million in total
assets, $1.13 billion in total liabilities and a $187.87 million
total deficit.

                           *     *     *

As reported by the TCR on Nov. 6, 2012, Standard & Poor's
Ratings Services raised its corporate credit rating on Englewood,
Co.-based Westmoreland Coal Co. (WLB). to 'B-' from 'CCC+'.

"The upgrade reflects our view that WLB is less vulnerable to
default after successfully negotiating less restrictive covenant
requirements for an unrated $110 million term loan due 2018," said
credit analyst Gayle Bowerman.  "Our assessment of WLB's business
risk profile as 'vulnerable' and financial risk profile as 'highly
leveraged' are unchanged.  We also revised our liquidity score to
'adequate' based on the covenant relief and additional liquidity
provided under the company's new $20 million asset-based loan
(ABL) facility from 'less than adequate'."

Westmoreland Coal carries a Caa1 corporate family rating from
Moody's Investors Service.


WILLIAM GREGG: Preservation Group Buys Lodge for $550,000
---------------------------------------------------------
Bill Moss, writing for Hendersonville Lightning, reported that
Historic Flat Rock Inc. has offered $550,000 to buy Mountain Lodge
in a purchase endorsed by a bankruptcy trustee in Columbia, S.C.
The sale is subject to bankruptcy court approval.

The report said Historic Flat Rock, a preservation group,
submitted the offer from a revolving fund it uses to save,
stabilize and resell endangered historic properties.  The offer
has the support of a bankruptcy trustee appointed by the court in
April to guide the Chapter 11 bankruptcy of owner William Maxwell
Gregg II and guard the interest of creditors.

Historic Flat Rock president Rick Merrill said, "If the judge
approves the sale we're going to close two weeks later.

William Maxwell Gregg, II, filed a Chapter 11 petition (Bankr. D.
S.C. Case No. 13-00665) on Feb. 1, 2013.

According to the Hendesonville Lightning report, Mr. Gregg listed
assets including $389 million in real property (including a 298-
acre granite quarry he valued at $326 million); $2.7 million in
personal property, including $2.5 million in intellectual property
for the value of Oneita Industries, once the largest T-shirt and
baby clothes maker in the U.S.; and $8,491 in cash. In all, he
claimed $393 million worth of assets versus $13 million in debts.
His balance sheet notwithstanding, he wasn't paying his bills,
records show.

Russell Brands, the athletic wear company, holds a $1.22 million
mortgage on the Flat Rock property.  As reported by the Troubled
Company Reporter on Jan. 31, 2014, Bankruptcy Judge David R.
Duncan denied the request of Russell Brands for relief from the
automatic stay in Mr. Gregg's Chapter 11 case to foreclose on the
historic home at 486 Rutledge Drive in Flat Rock, North Carolina.

According to the Hendesonville Lightning report, bankruptcy
trustee R. William Metzger Jr. proposed holding 10% of the sale
proceeds to cover costs and paying the mortgage holder $495,000.
Mr. Gregg bought the house and land in 1995 from Albert and Sarah
Little "Pepper" Moreno for $1.05 million.


WPCS INTERNATIONAL: Amends Asset Purchase Pact with EC Company
--------------------------------------------------------------
WPCS International Incorporated entered into an amendment to the
asset purchase agreement dated March 31, 2014, by and among the
Company, WPCS-International Seattle, Inc., and EC Company, as
purchaser.  The Amendment provides that in the event that the
acquisition is not consummated by July 31, 2014, through no fault
of EC Company, the purchase price will be reduced by $100,000.  In
addition, the Amendment allows for an extension of the due
diligence condition.

A full-text copy of the Amendment to the Asset Purchase Agreement
by and among WPCS-International Incorporated, WPCS-Seattle and EC
Company dated May 30, 2014, is available at http://is.gd/HLNY8T

                      About WPCS International

WPCS -- http://www.wpcs.com-- is a design-build engineering
company that focuses on the implementation requirements of
communications infrastructure.  The company provides its
engineering capabilities including wireless communications,
specialty construction and electrical power to the public
services, healthcare, energy and corporate enterprise markets
worldwide.

As reported by the TCR on Feb. 7, 2014, WPCS appointed Marcum LLP
as its new independent registered public accounting firm.
CohnReznick LLP resigned on Dec. 20, 2013,

The Company's former auditors, CohnReznick LLP, in Roseland, New
Jersey, expressed substantial doubt about WPCS International's
ability to continue as a going concern following the annual report
for the year ended April 30, 2013.  The independent auditors noted
that the Company has incurred net losses and negative cash flows
from operating activities, had a working capital deficiency as of
and for the years ended April 30, 2013, and 2012, and has an
accumulated deficit as of April 30, 2013.

The Company reported a net loss of $6.8 million on $42.3 million
of revenue in fiscal 2013, compared with a net loss of
$20.6 million on $65.5 million in fiscal 2012.  As of Jan. 31,
2014, the Company had $22.37 million in total assets, $15.18
million in total liabilities and $7.19 million in total equity.


YMCA OF MILWAUKEE: Section 341(a) Meeting Set on July 8
-------------------------------------------------------
A meeting of creditors in the bankruptcy cases of The Young Men's
Christian Association of Metropolitan Milwaukee, Inc., and YMCA
Youth Leadership Academy, Inc., will be held on July 8, 2014, at
2:00 p.m. in Milwaukee, U.S. Courthouse, Room 190, 517 E.
Wisconsin Avenue, Milwaukee, WI 53202.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., and YMCA Youth Leadership Academy, Inc., filed
voluntary Chapter 11 bankruptcy petitions (Bankr. E.D. Wisc. Case
Nos. 14-27174 and 14-27175) in Milwaukee, on June 4, 2014.
Julie A. Tolan signed the petitions as chief executive officer.
The Debtors estimated assets and debts of $10 million to $50
million.  The case is assigned to Hon. Susan V. Kelley.  Leverson
& Metz, S.C., serves as the Debtors' counsel.


* Use of Fairness Opinions at Plan of Arrangement Hearings Upheld
-----------------------------------------------------------------
On April 7, 2014, Osler, Hoskin & Harcourt LLP commented on the
decision of Justice David Brown of the Ontario Superior Court of
Justice (Commercial List) in Re Champion Iron Mines Limited.  In
that case, the Court held that a fairness opinion from a financial
adviser obtained by the board of directors in connection with a
plan of arrangement was not admissible at the fairness hearing
because it did not meet the requirements of the Rules of Civil
Procedure applicable to expert evidence.  As Osler noted then, the
ruling called into question whether, in the future, courts would
look for fairness opinions and disclosure documents that summarize
fairness opinions to contain enhanced disclosure of the underlying
financial analysis performed by, and fees paid to bankers, if the
opinion is being put forward as evidence of the substantive
fairness of the arrangement.  In two recent decisions however,
separate judges from the same Court have questioned the
correctness of the decision in Champion Iron Mines and reverted to
the Court's traditional practice of considering "the presence of a
fairness opinion from a reputable expert" as among the indicia of
fairness when considering whether a proposed plan of arrangement
is fair and reasonable.

In Re Bear Lake Gold Ltd., Justice Wilton Siegelheld that, "in the
context of M&A transactions involving the acquisition of
securities of an issuer by a third party," a fairness opinion is
admissible both as evidence that the plan of arrangement is being
put forward in good faith, as well as evidence of the fairness and
reasonableness of the proposed transaction. In particular, Justice
Wilton-Siegel found that:

a fairness opinion constitutes evidence that the board of
directors considered the fairness and reasonableness of the
transaction based on objective evidence; and the disclosure of the
fairness opinion to shareholders as part of the management
information circular and, in particular, the reaction of
shareholders and the market can provide further evidence as to the
fairness and reasonableness of the proposed transaction and the
integrity of the board of directors' process.

In Royal Host, Justice Newbould expressly adopted the reasoning of
Justice Wilton-Siegel in Bear Lake Gold and added that, contrary
to the ruling in Champion Iron Mines, the purpose of a fairness
opinion was a commercial one and a fairness opinion is not
intended to be an expert report in a litigation context.

Notably, in Bear Lake Gold, the Court stated that, in proposed
plans of arrangement which did not involve the acquisition of
securities of the issuer by a third party, but rather, for
example, a reorganization of the interests of the existing
securityholders, "if a party proposes to qualify a fairness
opinion as expert evidence under the Rules of Civil Procedure, the
detailed analysis that grounds the fairness opinion must be
available if required by any objecting securityholders."

As previously noted by Osler, these decisions highlight the
continued utility to a board of directors of receiving expert
financial advice and fairness opinions from reputable financial
advisors as an important part of the process by which directors
discharge their duty of care and make informed decisions in the
M&A context.  To date these decisions do not appear to have
affected Canadian disclosure practices regarding fairness opinions
and the underlying financial analysis.


* Covington's Coffino Shortlisted for Euromoney Best in Insolvency
------------------------------------------------------------------
Catherine Dargan, co-chair of Covington & Burling's mergers and
acquisitions practice, was named as "Best in Mergers &
Acquisitions" by Euromoney Legal Media Group at its Americas Women
in Business Law Awards ceremony in New York on June 5.  The awards
honor firms that set "the standard in terms of female-friendly
work practices" and individual "women leading the field in the
legal sector across the Americas."

Ms. Dargan focuses on mergers and acquisitions, both public and
private, and strategic partnering arrangements.  In addition to
structuring and negotiating transactions, she assists clients with
corporate governance, compliance and other matters.  In recent
years, she has handled key transactions for major pharmaceutical
and biotechnology firms such as AstraZeneca, Boehringer Ingelheim,
Eisai, Eli Lilly, Salix, and Takeda, as well as consumer
businesses such as Hanesbrands and Procter & Gamble.

Five other Covington partners were shortlisted by Euromoney for
Best Lawyer awards in other categories.  Deborah Garza, co-chair
of the firm's antitrust practice, and Anita Stork, vice chair of
the antitrust practice, were shortlisted for Best in Antitrust.
Jean Veta, widely recognized for defending financial institutions
in enforcement matters, was shortlisted for Best in Financial
Regulation.  Dianne Coffino, a partner in Covington's corporate
restructuring and bankruptcy practice group, was shortlisted for
Best in Insolvency and Restructuring.  Jennifer Johnson, co-chair
of the firm's communications and media practice, was shortlisted
for Best in Media & Entertainment.  The firm was also shortlisted
in four categories: Best Firm in the U.S. Northeast Region, Best
Firm in the U.S. West Region, Best International Law Firm Latin
America Practice and Best International Firm for Talent
Management.

In an increasingly regulated world, Covington & Burling LLP
provides corporate, litigation, and regulatory expertise to help
clients navigate through their most complex business problems,
deals and disputes.  Founded in 1919, the firm has more than 800
lawyers in offices in Beijing, Brussels, London, New York, San
Diego, San Francisco, Seoul, Shanghai, Silicon Valley, and
Washington.


* ADGS Intends to Acquire Hong Kong Based Accounting Advisory Firm
------------------------------------------------------------------
ADGS Advisory, Inc. on June 9 disclosed that it has signed a
Memorandum of Understanding to acquire a Hong Kong based
accounting advisory company.  The proposed consideration is
expected to be approximately US $1.5M.  The proposed completion
date of the acquisition is expected to occur before November 2014.

This will be the second acquisition for the Company in a twelve
month period of time and a major component of this acquisition is
its growth strategy.  ADGS's President and Chief Executive Officer
Florence Li Lai Ying stated "We are delighted that we will be
acquiring this Hong Kong based accounting advisory company.  Its
team of professionals are strong, the quality of its business is
excellent, and it will enhance our existing service offerings and
broaden the Company's expertise in asset and property transfer and
insolvency and enable us to capture additional business."  Ms. Li
further stated that the client base from the company intended to
be acquired is expected to generate revenues of US $2M in 2015,
and projects 40.6% growth in 2015 to about US $600,000,
significantly outpacing Hong Kong's GDP growth rate of 3.5%."

                            About ADGS

ADGS Advisory, Inc. is primarily engaged in providing accounting,
taxation, company secretarial, general corporate and consultancy
services in Hong Kong.  ADGS has a strong and successful
background in the Hong Kong market, most notably bankruptcy and
insolvency services to a variety of customers including high
growth industries in China.  ADGS intends to further bolster its
growth via additional acquisitions.


* Andrews Joins Houlihan as Financial Advisory Services Director
----------------------------------------------------------------
Houlihan Lokey, the international investment bank, on June 9
disclosed that Jeffrey Andrews has joined the firm as a Director
in Financial Advisory Services (FAS), focusing on valuation of
real estate and real estate entities.  Mr. Andrews will further
enhance the firm's expertise in matters pertaining to real estate
including financial reporting, portfolio valuation, transaction
opinions, market analysis, and litigation support.  He is based in
the firm's Los Angeles office.

Mr. Andrews joins from Alvarez & Marsal's Los Angeles office,
where he was a Senior Director in the Real Estate Advisory
Services group, advising a range of clients on real estate
valuation matters.  He has more than 15 years of experience in
real estate valuation and has advised on some of the largest real
estate transactions during that period.  His extensive experience
includes leading a prior firm's real estate team in reviewing
approximately $55 billion in commercial real estate positions as
part of a high profile bankruptcy; leading the fairness opinion
and purchase price allocation for a $2 billion REIT IPO; and
conducting a financial reporting valuation of more than 600 senior
housing projects totaling approximately $7 billion for a REIT.

"Jeff's credentials are outstanding, and he significantly
strengthens our valuation service offering in the real estate
sector," said Karen Miles, Managing Director and Head of the
firm's FAS business in Southern California.  "We're delighted that
he's joining Houlihan Lokey and we are confident that he will be
invaluable to our clients, particularly those managing large,
complex real estate transactions and valuation issues," she added.

"Houlihan Lokey's longstanding and deep expertise in the valuation
of nearly every type of asset has resulted in a practice that is
unmatched in the industry," said Mr. Andrews.  "I look forward to
working with my colleagues in Financial Advisory Services and
across the firm's other businesses to maintain the standard of
excellence that the firm delivers to its clients," he continued.

Mr. Andrews holds a B.S. in Real Estate from San Diego University.
He is also an MAI Designated Member of the Appraisal Institute and
a Member of the National Association of Real Estate Investment
Trusts.

Houlihan Lokey -- http://www.HL.com-- is an international
investment bank with expertise in mergers and acquisitions,
capital markets, financial restructuring, and valuation.  The firm
serves corporations, institutions, and governments worldwide with
offices in the United States, Europe, and Asia.  Houlihan Lokey is
ranked as the No. 1 global restructuring advisor, the No. 1 M &A
fairness opinion advisor for U.S. transactions over the past 10
years, and the No. 1 M &A advisor for U.S. transactions under $3
billion, according to Thomson Reuters.


* James Nugent Joins Huron Consulting's Business Advisory Practice
------------------------------------------------------------------
Huron Consulting Group, a provider of business consulting
services, on June 10 announced the addition of James E. Nugent as
a managing director within its Business Advisory practice to
further strengthen the turnaround and restructuring team.

Mr. Nugent brings the Huron Business Advisory team a depth of
knowledge and vital experience, most notably in the healthcare
industry, accomplishing complex financial and operational
turnarounds in recovery situations.

"Economic uncertainty and marketplace challenges continue to drive
demand for business advisory services in a wide variety of
industries.  Healthcare providers, in particular, are facing
business challenges leading them to assess strategic alternatives,
including potential affiliations, mergers and restructuring to
continue to be successful or to survive," said John C. DiDonato,
managing director and Huron Business Advisory leader.  "We are
pleased to welcome Jim to Huron's Business Advisory team and are
confident that he will bring value to our clients across
industries."

Mr. Nugent has nearly 30 years of experience providing business
advisory, corporate recovery and restructuring services, including
extensive healthcare experience having worked with more than 100
healthcare clients during his career.  Prior to joining Huron, he
most recently served as senior managing director at Mesirow
Financial Consulting, and had an accomplished 19-year career at
KPMG LLP.  Mr. Nugent, who is a Certified Insolvency and
Restructuring Advisor, also serves as Vice Chairman of the Board
of Trustees at Thorek Memorial Hospital in Chicago.  At Huron,
Mr. Nugent will help clients address restructuring issues and
turnaround situations in the healthcare industry as well as across
a broad range of industries.

                  About Huron Business Advisory

Huron Business Advisory resolves complex business issues and
enhances value with a full suite of services for middle-market
companies and larger businesses, including forensic
investigations, transaction advisory, restructuring and
turnaround, interim management, capital raising, operational
improvement, and valuation.

                   About Huron Consulting Group

Huron Consulting Group -- http://www.huronconsultinggroup.com--
helps clients in diverse industries improve performance, transform
the enterprise, reduce costs, leverage technology, process and
review large amounts of complex data, address regulatory changes,
recover from distress and stimulate growth.  The firm's
professionals employ their expertise in finance, operations,
strategy and technology to provide its clients with specialized
analyses and customized advice and solutions that are tailored to
address each client's particular challenges and opportunities to
deliver sustainable and measurable results.  The firm provides
consulting services to a wide variety of both financially sound
and distressed organizations, including healthcare organizations,
leading academic institutions, Fortune 500 companies, governmental
entities and law firms.  Huron has worked with more than 425
health systems, hospitals, and academic medical centers; more than
400 corporate general counsel; and more than 350 universities and
research institutions.


* Hangley Aronchick Partner Nominated as Next Bankr. Judge
----------------------------------------------------------
Ashely Chan, a partner at law firm Hangley Aronchick Segal Pudlin
& Schiller, has been nominated to succeed the retiring Bruce I.
Fox as a U.S. bankruptcy judge in the eastern district of
Pennsylvania, Jeff Blumenthal's Philadelphia Business Journal
reported.

According to the report, Ms. Chan was nominated by the Judicial
Council of the Third Circuit, a group of local federal judges that
select bankruptcy judges.

The report said the Council interviewed leading candidates and
made its recommendation to the appointing authority, the U.S.
Court of Appeals for the Third Circuit.  Ms. Chan was selected by
the judges on the appeals court and her name must now pass the
scrutiny of a 30-day period where lawyers can submit written
comments pertaining to her qualifications. Those comments will be
accepted until June 27.  If all goes well with that and Ms. Chan
passes an FBI background check, she will become the court?s next
bankruptcy judge, joining four others sitting in Philadelphia and
one in Reading.  Ms. Chan cannot comment during this period.



                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com by e-mail.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
petitions in Acrobat PDF documents.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo Fernandez,
Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2014.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


                  *** End of Transmission ***