TCR_Public/140612.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Thursday, June 12, 2014, Vol. 18, No. 161

                            Headlines

AC I INV MANAHAWKIN: Schedules and Statements Due June 18
ACADEMI HOLDINGS: S&P Assigns 'B' Corp. Credit Rating
AFFINION GROUP: S&P Lowers CCR to 'SD' on Debt Exchange
AKORN INC: S&P Affirms 'B+' CCR & Removes Rating From Watch Neg.
ALION SCIENCE: Amends Form S-1 Prospectus with SEC

B/E AEROSPACE: S&P Puts 'BB+' CCR on CreditWatch Developing
BENDER SHIPBUILDING: Obtains $46MM Settlement in Caterpillar Suit
BIOLIFE SOLUTIONS: Annual Meeting Set on August 6
BLUE BIRD: S&P Retains 'B' Rating on Finalized Credit Terms
BOAL LAND: Voluntary Chapter 11 Case Summary

BROADWAY FINANCIAL: Amends Report on Change of Auditors
CALIBER IMAGING: Signs $200,000 Subscription Pact with CEO
CALPINE CORP: Fitch Affirms 'B+' Issuer Default Rating
CENTRAL FEDERAL: Edward Cochran Holds 9.5% Equity Stake
COASTLINE INVESTMENTS: Chapter 11 Case to Proceed

COASTLINE INVESTMENTS: Agrees to Stalking Horse Auction Sale
COMMUNITY MEMORIAL: Trustee Seeks to Reclassify Funds Under Plan
COMMUNITY MEMORIAL: Gets Court's Nod to Sell Mackinaw Property
CONNIE STEVENS: 'Hawaiian Eye' Actress Files in Los Angeles
COTT CORP: S&P Affirms 'B+' CCR & Removes From CreditWatch Dev.

DAVITA HEALTHCARE: S&P Rates Proposed Sr. Unsecured Notes 'B+'
DEWEY & LEBOEUF: Managers Use Indictment to Fend Off Suit
EXIDE TECHNOLOGIES: Appoints New Execs to Lead Facility Upgrade
FERRELLGAS L.P.: S&P Retains 'B+' Rating on $325MM Unsecured Notes
FIRST MARINER: Expects to Start Trading on OTC Pink Marketplace

GENCO SHIPPING: Equity Committee, U.S. Trustee Object to Plan
GENCO SHIPPING: Files Schedules of Assets and Liabilities
GENCO SHIPPING: Gets 100% Creditors' Support for Prepack Plan
GENERAL MOTORS: Lawmakers Recall Chief To Washington
GRANITE SHOALS: S&P Raises GO Debt Rating From 'BB+'

HAIMIL REALTY: Voluntary Chapter 11 Case Summary
HOLLY HILL COMMUNITY CHURCH: Section 341(a) Meeting Set on July 9
ICTS INTERNATIONAL: Igal Tabori Owns 10.1% Equity Stake
JUNO HEALTHCARE: Voluntary Chapter 11 Case Summary
KID BRANDS: To Consider Bankruptcy Option

LANZA LAND: Case Summary & 12 Largest Unsecured Creditors
M/A-COM TECHNOLOGY: S&P Assigns 'B+' Corp. Credit Rating
MASON COPPELL: Chapter 11 Trustee Is Appointed After Sale
MINERALS TECHNOLOGIES: S&P Assigns 'BB-' CCR & Rates Sr. Debt 'BB'
MITEL NETWORKS: S&P Raises CCR to 'B+'; Outlook Positive

NATROL INC: Vitamin Company Files for Chapter 11 Bankruptcy
NATROL INC: Case Summary & 30 Largest Unsecured Creditors
NEONODE INC: Two Directors Reelected at Annual Meeting
NORD RESOURCES: Obtains Cease Trade Orders on Securities
NORANDA ALUMINUM: Amends Form S-3 Prospectus With SEC

PINNACLE FOODS: S&P Maintains 'B+' Rating on CreditWatch Positive
RADIOSHACK CORP: Eight Directors Elected at Annual Meeting
RESTORGENEX CORP: Transfers $1.3MM to ASC for Distribution
RITE AID: BlackRock Reports $4.8% Equity Stake
ROCKWELL MEDICAL: Expects to Get $2.2-Mil. PDUFA Fee Refund

SAMSON RESOURCES: S&P Rates Secured Reserve-Based Loan 'BB-'
SEARS METHODIST: Seeks Bankruptcy Protection
SOLAR POWER: Amends Purchase Agreement with Robust Elite
SPECIALTY HOSPITAL: U.S. Trustee Names 3-Member Creditors' Panel
SPECIALTY HOSPITAL: Obtains Interim DIP Loan Approval

SPECIALTY HOSPITAL: Can Proceed with June 23 Auction
SPECIALTY HOSPITAL: Cases Jointly Administered in D.C.
TRANS-LUX CORP: Receives $200,000 in Financing From Chairman
STELLAR BIOTECHNOLOGIES: Hires Moss Adams as New Auditor
TUSCANY INT'L: Court Confirms Amended Joint Plan of Reorganization

TUSCANY INT'L: Tuscany Holdings Completes Purchase of Assets
U.S. VIRGIN ISLANDS: Fitch Lowers GO Bond Rating to 'BB-'
UNIVISION COMMUNICATIONS: Fitch Affirms 'B' Issuer Default Rating
UPPER VALLEY: Court Approves Disclosure and Reorganization Plan
VERIS GOLD: Asks for U.S. Recognition of Canadian Restructuring

VERIS GOLD: Chapter 15 Case Summary
VERIS GOLD: Mining Company Files Ch. 15 to Shield US Assets
WORTHINGTON ENERGY: Enters Into Settlement Deal with Montecito
WYNDCLYFFE LLC: Voluntary Chapter 11 Case Summary
YMCA OF MILWAUKEE: Assuming All Health Club Membership Agreements

ZALE CORP: Suspending Filing of Reports with SEC

* Argentine Delegates to Visit Washington to Discuss Overdue Debt

* Chambers USA Ranks McGlinchey Stafford Among 2014 Top Law Firms
* Hilco Adds "Buy Now" Option on Online Auction Platform
* Stradley Ronon Hires Three Finance & Restructuring Attorneys

* Recent Small-Dollar & Individual Chapter 11 Filings


                             *********


AC I INV MANAHAWKIN: Schedules and Statements Due June 18
---------------------------------------------------------
AC I Inv Manahawkin LLC and its affiliates are required to submit
their schedules of assets and liabilities, and statements of
financial affairs by June 18, 2014.  The initial case conference
is set for July 7, 2014.  The Debtors are required to submit their
Chapter 11 plan and disclosure statement by Oct. 2, 2014,
according to the docket.

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, of
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.,
serves as the Debtors' counsel.  Judge Robert D. Drain presides
over the cases.

Affiliates of AC I Inv., et al., have pending bankruptcy cases
before Judge Drain.  NY Affordable Housing Albany Assocs. LLC
sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 13-20007)
on July 26, 2013.  First Bronx LLC sought bankruptcy protection
(Bankr. S.D.N.Y. Case NO. 14-22047) on Jan. 13, 2014.  Ollie Allen
Holding Company LLC sought bankruptcy (Case NO. 14-22204) on Feb.
18, 2014.


ACADEMI HOLDINGS: S&P Assigns 'B' Corp. Credit Rating
-----------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Academi Holdings LLC.  The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating to the
company's proposed $430 million secured credit facility due 2019,
which consists of a $280 million term loan and $150 million
revolver (about $50 million drawn at closing).  The recovery
rating on the facility is '3', indicating S&P's expectation for
meaningful recovery (50%-70%) in a payment default scenario.

"The rating on Academi reflects the risky nature of the company's
business, combined with high debt levels," said Standard & Poor's
credit analyst Chris Mooney.  Academi plans to issue about $330
million of new debt to acquire Constellis and to refinance its
existing debt, resulting in pro forma debt to EBITDA rising to
about 4x (including a full year of earnings from Constellis) from
about 3.5x previously.

S&P believes that Academi will maintain credit metrics appropriate
for an "aggressive" financial risk profile assessment, including
debt to EBITDA below 5x, despite its ownership by private equity
firms Forte Capital Advisors LLC and Manhattan Partners LLC.  S&P
believes future acquisitions are likely but that the owners would
contribute additional equity to support a large acquisition.  S&P
also believes that low purchase multiples in the industry reduce
the potential for debt to EBITDA to rise above 5x.  S&P do not
anticipate a debt-financed dividend over the next two years, given
the owners' strategy to reinvest and grow the business, supported
by Academi's placement in a single-purpose fund.

S&P expects Academi to generate positive free cash flow, which if
used for debt reduction, could result in meaningful credit metric
improvement over time.  Still, Academi's private equity ownership
limits its financial risk profile assessment to "aggressive,"
given the potential for moderate releveraging -- even if the
company's credit ratios could temporarily support a better
financial risk profile assessment.

The stable outlook reflects S&P's expectation that Academi's
credit metrics will likely improve due to cost reduction efforts,
moderate sales growth, and debt reduction, with debt to EBITDA
declining to 3x-3.5x in 2015 from 4x on a pro forma basis in 2014.
Still, S&P would not revise its financial risk profile assessment
under the current ownership structure -- even if the company's
credit metrics could temporarily support a better assessment.

S&P could lower the rating if debt to EBITDA rises above 5x, which
would most likely result from operating challenges, including
lower margins on future contracts or the loss of significant
contracts.  Although less likely, a shift toward a more aggressive
financial policy via increased debt to finance an acquisition or
dividend could also cause a downgrade.

The inherent risks in the business, combined with company's
ownership by private equity firms and the potential for a debt-
financed dividend or other transaction that could significantly
increase leverage, make it unlikely that S&P would upgrade the
company under the current ownership.


AFFINION GROUP: S&P Lowers CCR to 'SD' on Debt Exchange
-------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term corporate
credit rating on Affinion Group Holdings Inc. to 'SD' from 'CC'.

At the same time, S&P lowered its issue-level ratings on Affinion
Group Holdings Inc.'s outstanding 13.75%/14.5% senior secured
PIK/toggle notes due 2018 to 'D' from 'CC'.

The downgrade follows Affinion Group Holdings' announcement that
it completed the exchange of series A warrants and new warrants to
purchase shares of its class B common stock, for its 13.75%/14.5%
senior secured PIK/toggle notes due 2018, which the company issued
in December 2013.  S&P views the exchange as distressed and
tantamount to a default, given that in our view Affinion Group
Holdings' investors will receive securities of less value than
originally promised.  Approximately $88.7 million in aggregate
principal amount of the existing notes were tendered and accepted
in the exchange offer.  As a result, there will remain outstanding
approximately $204 million aggregate principal amount of the
13.75%/14.5% senior secured PIK/toggle notes.

S&P expects to raise the corporate credit rating over the near
term to 'CCC+', reflecting risks surrounding the company's ability
to reverse weak operating performance.  S&P expects that pressures
will continue on its domestic membership business from financial
institution reregulation.  In addition, the viability of the
company's highly leveraged capital structure is subject to ongoing
significant risk factors, despite growth in its smaller loyalty
products business and international operations.


AKORN INC: S&P Affirms 'B+' CCR & Removes Rating From Watch Neg.
----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit rating on Akorn Inc.  S&P removed the rating from
CreditWatch with negative implications, where it placed it on
May 14, 2014.  The outlook is negative.  At the same time S&P
affirmed its 'B+' issue-level rating with a '3' recovery rating to
the upsized senior secured term loan B.

"Our view of Akorn's business risk profile as "weak" is
underpinned by its minimal scale and scope in the highly
competitive generic pharmaceutical market, and remains unchanged
following the VersaPharm acquisition," said credit analyst Michael
Berrian.  "Akorn still competes against much larger participants
in the industry that have significantly greater financial and
other resources.  While these larger competitors have kept their
distance from many of the niche generic formulations Akorn
manufactures, we believe the comparatively higher margins of these
products could drive greater competition over time."

S&P's negative outlook reflects somewhat higher leverage than it
initially factored into the rating, coupled with risks to S&P's
base-case revenue and EBITDA projections given the dependence on
product performance and new product commercialization.

Downside scenario

S&P could lower the rating if Akorn's adjusted EBITDA is at least
15% lower than its base-case expectation of $226 million in 2014
and $288 million in 2015.  S&P believes this could result from the
company's inability to receive approval for, and ultimately
commercialize, new products.  Additionally, a debt-financed
acquisition of $300 million or more would prompt consideration for
a lower rating.  Under both scenarios, leverage would be sustained
at more than 5x.

Upside scenario

S&P could revise the outlook to stable if it gains confidence the
company will meet or exceed our base-case expectations,
particularly maintaining leverage at less than 5x at the end of
2015.  This would primarily occur through organic EBITDA growth
and/or other deleveraging measures.


ALION SCIENCE: Amends Form S-1 Prospectus with SEC
--------------------------------------------------
Alion Science & Technology Corp filed with the U.S. Securities and
Exchange Commission amendment nos. 1, 2, 3, and 4 to its
registration statement on Form S-1 relating to the:

   (a) offer to exchange all of its outstanding $235,000,000
       10.25% senior notes due 2015 and the related guarantees
       (CUSIP 016275AF6) ("Old Notes") for an aggregate of:
       up to $235,000,000 of its Third-Lien Senior Secured Notes
       due 2019 and the related guarantees (together with up to
       940,000 warrants to purchase up to 3,086,583 Shares of
       Common Stock, subject to increase as set forth below) and
       up to $20,000,400 in Cash (Subject to Proration) and the
       solicitation of consents; and

   (b) offering up to 8,877 units consisting of an aggregate
       of up to $8,877,000 of its Third-Lien Senior Secured Notes
       due 2019 and the Related Guarantees (together with up to
       35,508 warrants to purchase up to 132,632 shares of common
       stock, subject to increase as set forth below) available to
       holders of Old Notes.

The Exchange Offer and Consent Solicitation will expire at 9:00
a.m., New York City time, on [   ], 2014, unless extended by the
Company.  Tenders of Old Notes may be withdrawn at or prior to
5:00 p.m., New York City time, on _____, 2014, unless extended by
the Company, but not thereafter.

The Unit Offering will expire on the Early Tender Date.  The
election to purchase Units in the Unit Offering cannot be revoked
except that a valid withdrawal of Old Notes in the Exchange Offer
will be deemed to have revoked any election to purchase Units in
the Unit Offering.

A full-text copy of the latest prospectus amendment is available
at http://is.gd/ZQsREn

                         About Alion Science

Alion Science and Technology Corporation, based in McLean,
Virginia, is an employee-owned company that provides scientific
research, development, and engineering services related to
national defense, homeland security, and energy and environmental
analysis.  Particular areas of expertise include communications,
wireless technology, netcentric warfare, modeling and simulation,
chemical and biological warfare, program management.

Alion Science has been reporting losses for four consecutive years
from Sept. 30, 2010, to Sept. 30, 2013.  In 2013, Alion Science
incurred a net loss of $36.59 million.

Deloitte & Touche LLP, in McLean, Virginia, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Sept. 30, 2013.  The independent auditors noted
that the Company does not expect to be able to repay its existing
debt at their scheduled maturities.  The Company's financing
needs, its recurring net losses, and its excess of liabilities
over assets raise substantial doubt about its ability to continue
as a going concern, the auditors stated.

As of March 31, 2014, the Company had $610.99 million in total
assets, $816.34 million in total liabilities, $61.03 million in
redeemable common stock, $20.78 million in common stock warrants,
$130,000 in accumulated other comprehensive loss and a $287.29
million accumulated deficit.

                         Bankruptcy Warning

"The Company's high debt levels, of which $332.5 million matures
on November 1, 2014 and Alion's recurring losses will likely make
it more difficult for Alion to raise capital on favorable terms
and could hinder its operations.  Further, default under the
Unsecured Note Indenture or the Secured Note Indenture could allow
lenders to declare all amounts outstanding under the Wells Fargo
Agreement, the Secured Notes and the Unsecured Notes to be
immediately due and payable.  Any event of default could have a
material adverse effect on our business, financial condition and
operating results if creditors were to exercise their rights,
including proceeding against substantially all of our assets that
secure the Wells Fargo Agreement and the Secured Notes, and will
likely require us to invoke insolvency proceedings including, but
not limited to, a voluntary case under the U.S. Bankruptcy Code,"
the Company said in the Quarterly Report for the period ended
March 31, 2014.

                           *     *     *

As reported by the TCR on March 10, 2014, Standard & Poor's
Ratings Services said it lowered its corporate credit rating on
McLean, Va.-based Alion Science and Technology Corp. to 'CC' from
'CCC+'.  "The ratings downgrade reflects a capital structure that
matures within 12 months, a currently 'weak' liquidity assessment,
which we revised from 'less than adequate', and our expectation
that we would classify an exchange offer or similar restructuring
undertaken by Alion as distressed," said Standard & Poor's credit
analyst Martha Toll-Reed.

In the May 23, 2014, edition of the TCR, Moody's Investors Service
affirmed, among other things, Alion Science & Technology
Corporation's ratings including the Caa2 Corporate Family Rating.
The affirmation of Alion's Caa2 corporate family rating reflects
the company's continued high leverage and weak interest coverage
metrics that are not anticipated to improve meaningfully in the
near-term, Moody's said.


B/E AEROSPACE: S&P Puts 'BB+' CCR on CreditWatch Developing
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it placed its ratings
on B/E Aerospace Inc., including the 'BB+' corporate credit
rating, on CreditWatch with developing implications.

The CreditWatch placement follows B/E Aerospace's announcement
that it plans to separate its businesses into two independent
publicly traded companies: one focused on the manufacture of
aircraft cabin interiors and the other focused on distribution
logistics and technical services for the aerospace and energy
markets.

"We expect both the manufacturing and services businesses to be
able to successfully compete in the markets served following the
separation and that each will be a major player in its respective
industry," said Standard & Poor's credit analyst Christopher
Denicolo.  "However, each independent company would have a less
diversified business operation and a lower EBITDA base than B/E
Aerospace currently has on a consolidated basis."

The company expects the spin-off to occur in the first quarter of
2015, subject to customary closing conditions.

S&P will monitor the company's progress on the planned separation
and subsequent spin-off.  Each company's capital structure and
financial policies after the separation are currently under
development and are not yet available.  S&P will review the
information as it becomes available and assess the ratings
implications for B/E Aerospace before resolving the CreditWatch
placement.


BENDER SHIPBUILDING: Obtains $46MM Settlement in Caterpillar Suit
-----------------------------------------------------------------
The law firm of Cunningham Bounds, LLC on June 10 disclosed that a
week before the start of a scheduled three week jury trial, the
law firm of Cunningham Bounds, LLC obtained a $46,000,000
settlement for its clients, Bender Shipbuilding and Repair
Company, Inc. and an international ship operator, in a product
liability lawsuit filed against Caterpillar, Inc. for an explosion
and fire caused by a defective engine onboard the M/V Sherman, a
ship that was under construction at the time.

In October 2005, Bender Shipbuilding entered into a contract with
the ship operator for the construction of a series of state-of-
the-art vessels, including the M/V Sherman.  The contract price
for the M/V Sherman was almost $27 million.  On May 14, 2008,
while the vessel was still under construction, one of its 3516B
Caterpillar marine engines threw a rod during routine testing,
causing a massive fire that burned the ship to its hull.  Everyone
who was on the ship at the time of the explosion was safely
evacuated.

In their lawsuit, the Plaintiffs alleged that the Caterpillar
engine installed on the M/V Sherman was defective at the time of
its original manufacture and delivery.  The engine that failed
weighed 17,000 pounds, had thousands of parts, was the size of a
commercial truck, and was severely damaged in the fuel fed fire
that burned for almost 24 hours.  Discovery in the lawsuit
revealed that the engine failure was caused by a missing oil plug.
The missing plug was the size of a nickel, and had been left out
of the crankshaft in the innermost part of the engine when it was
manufactured.  The missing oil plug starved part of the engine of
oil, which led to the engine's catastrophic failure.

"This was a hard fought case with highly regarded and very capable
defense firms from New Orleans, Mobile, and Birmingham.  The
litigation took place in four courts, involved 40 depositions,
required the testimony of over a dozen retained experts, and
lasted for almost four years.  It is a credit to the hard work,
persistence and professionalism of our entire team that we were
able to find the missing proverbial needle in the haystack, and
crack this case wide open," said Skip Finkbohner of Cunningham
Bounds.

A resolution of this magnitude would not have been possible
without the early efforts of Cunningham Bounds attorneys Steve
Olen and Steve Nicholas, who handled the initial proceedings in
the federal district and bankruptcy courts.  Specifically, they
fought and won critical battles over the appropriate forum for the
litigation and which laws should apply.

George W. "Skip" Finkbohner of Cunningham Bounds, LLC, along with
his law partner, Lucy E. Tufts, served as co-lead counsel for the
Plaintiffs.  Also representing the Plaintiffs were Victor T.
Hudson and William W. Watts of Pipes Hudson & Watts, LLP.

The law firm of Cunningham Bounds, LLC, founded in 1958, is based
in Mobile, Alabama and has been representing plaintiffs for over
50 years.  Today the firm continues its tradition of representing
victims in cases involving catastrophic personal injury,
industrial accidents, defective products, truck and automobile
accidents, and medical malpractice.  The firm also has expertise
in business litigation, complex litigation, and national and state
class action litigation involving defective products and consumer
fraud.

                     About Bender Shipbuilding

On June 9, 2009, three creditors filed an involuntary Chapter 7
petition (Bankr. S.D. Ala. Case No. 09-12616) against Mobile,
Ala.-based Bender Shipbuilding & Repair Co. --
http://www.bendership.com/-- and on July 1, 2009, Bender
consented to voluntary conversion of the involuntary chapter 7
proceeding to a chapter 11 proceeding.  The Debtor sold
substantially all of its assets in late-2009 to Dallas-based SunTX
Capital Partners.  The Court confirmed the Debtor's Plan of
Liquidation on Dec. 9, 2010.  The Plan became effective Dec. 27,
2010.


BIOLIFE SOLUTIONS: Annual Meeting Set on August 6
-------------------------------------------------
The Board of Directors of BioLife Solutions, Inc., established
June 13, 2014, as the record date for the Company's 2014 annual
meeting of stockholders.  The annual meeting is scheduled to be
held at 9:00 a.m. on Aug. 6, 2014, at 3303 Monte Villa Parkway,
Suite 310, Bothell, Washington 98021.

                        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.


BLUE BIRD: S&P Retains 'B' Rating on Finalized Credit Terms
-----------------------------------------------------------
Standard & Poor's Ratings Services said that its 'B' issue-level
rating and '4' recovery rating on Georgia-based school bus
manufacturer Blue Bird Body Co.'s senior secured debt remain
unchanged following the finalization of the credit facility's
terms.  The '4' recovery rating indicates S&P's expectation for
average recovery (30%-50%) in the event of a payment default.

The rated credit facility will comprise a $235 million term loan
and $60 million revolver.  Annual amortization on the term loan
will be 5%.

S&P's 'B' corporate credit rating and stable outlook on Blue Bird
are unchanged.

RATINGS LIST

Blue Bird Body Co.
Corporate Credit Rating                             B/Stable/--

Ratings Unchanged

Blue Bird Body Co.
$60 mil. senior secured revolver due 2019            B
  Recovery Rating                                     4
$235 mil. senior secured term loan due 2020          B
  Recovery Rating                                     4


BOAL LAND: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

         Debtor                               Case No.
         -----------------------              --------
         Boal Land Holdings, LLC              14-08829
         16335 S. Houghton Rd.
         Tucson, AZ 85641

         Albo Hardware, LLC                   14-08827
         16335 S. Houghton Rd.
         Tucson, AZ 85641

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 9, 2014

Court: United States Bankruptcy Court
       District of Arizona (Tucson)

Judge: Hon. Eileen W. Hollowell (14-08829)
       Hon. Brenda Moody Whinery (14-08827)

Debtor's Counsel: John C. Smith, Esq.
                  Julia L. Matter, Esq.
                  GERALD K SMITH & JOHN C SMITH LAW OFFICES, PLLC
                  6720 E Camino Principal, Ste. 100
                  Tucson, AZ 85715
                  Tel: 520-722-1605
                  Fax: 520-722-9096
                  Email: john@smithandsmithpllc.com

                              Estimated      Estimated
                               Assets       Liabilities
                             ----------     -----------
Boal Land Holdings           $1MM-$10MM     $1MM-$10MM
Albo Hardware, LLC           $100K-$500K    $500K-$1MM

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petitions were signed by Kenneth Allen, member.

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


BROADWAY FINANCIAL: Amends Report on Change of Auditors
-------------------------------------------------------
Broadway Financial Corporation filed with the U.S. Securities and
Exchange Commission an amended current report in connection with
the appointment of Moss Adams as the Company's independent
accounting firm.  The Company clarified that:

   "In the two fiscal years ended December 31, 2013 and 2012 and
    through the subsequent period ended May 28, 2014, 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 such year, and
    there were no reportable events as defined in Item 304(a)(1)
   (v) of Regulation S-K."

Crowe Horwath LLP, the Company' former auditor, sent a letter
addressed to the SEC stating that it agrees with the statements
made by the Company.

                     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.


CALIBER IMAGING: Signs $200,000 Subscription Pact with CEO
----------------------------------------------------------
Michael Hone, the chief executive officer and a director of Lucid,
Inc. d/b/a Caliber Imaging & Diagnostics entered into a
subscription agreement with the Corporation to subscribe for
200,000 shares of Common Stock, par value $0.01 per share, of the
Corporation, at a purchase price of $1.00 per share or for
consideration of $200,000 in the aggregate.  Pursuant to the
Subscription Agreement, Mr. Hone may be entitled to additional
shares of Common Stock and a warrant in the event of a Qualified
Financing (as defined in the Subscription Agreement).

A copy of the Subscription Agreement is available for free at:

                        http://is.gd/OlXSG2

                About Caliber Imaging & Diagnostics

Rochester, N.Y.-based Caliber Imaging & Diagnostics' proprietary,
cutting-edge VivaScope(R) system is a disruptive, noninvasive
point-of-care platform imaging technology with numerous
applications in dermatology, surgery and research.  FDA 510(k)
cleared, VivaScope has regulatory approval in most major markets.
With 78 issued and pending patents worldwide, VivaScope
significantly improves outcomes and reduces costs, allowing
physicians to quickly detect cancerous lesions that appear benign.
VivaScope dramatically reduces the need for expensive, painful and
time-consuming biopsies, which show no malignancy approximately 70
percent of the time.  VivaScope also has significant applications
in testing and analysis in the cosmetics industry.  For more
information about Caliber I.D. and its products, please visit
www.caliberid.com.

Lucid, Inc., reported a net loss of $5.47 million on $3.34 million
of revenues for the year ended Dec. 31, 2013, as compared with a
net loss of $9.82 million on $2.43 million of revenues in 2012.
The Company's balance sheet at March 31, 2014, showed $2.21
million in total assets, $16.39 million in total liabilities and a
$14.18 million total stockholders' deficit.

Marcum 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's recurring losses from operations, deficit in equity,
and projected need to raise additional capital to fund operations
raise substantial doubt about its ability to continue as a going
concern.

                         Bankruptcy Warning

"As of December 31, 2013, we had approximately $12.0 million of
outstanding debt.  We cannot be sure that our future working
capital or cash flows, combined with any funds resulting from our
current fund raising efforts, will be sufficient to meet our debt
obligations and commitments.  Any failure by us to repay such debt
in accordance with its terms or to renegotiate and extend such
terms would have a negative impact on our business and financial
condition, and may result in legal claims by our creditors.  In
addition, the existence of our outstanding debt many hinder or
prevent us from raising new equity or debt financing.  Our ability
to make scheduled payments on our debt as they become due will
depend on our future performance and our ability to implement our
business strategy successfully.  Failure to pay our interest
expense or make our principal payments would result in a default.
A default, if not waived, could result in acceleration of our
indebtedness, in which case the debt would become immediately due
and payable.  If this occurs, we may be forced to sell or
liquidate assets, obtain additional equity capital or refinance or
restructure all or a portion of our outstanding debt on terms that
may be less favorable to us.  In the event that we are unable to
do so, we may be left without sufficient liquidity and we may not
be able to repay our debt and the lenders may be able to foreclose
on our assets or force us into bankruptcy proceedings or
involuntary receivership," the Company said in the 2013 Annual
Report.


CALPINE CORP: Fitch Affirms 'B+' Issuer Default Rating
------------------------------------------------------
Fitch Ratings has affirmed the ratings for Calpine Corp.,
including the 'B+' Issuer Default Ratings (IDRs) of Calpine and
its subsidiary, Calpine Construction Finance Company (CCFC).  The
Rating Outlook for both companies is Stable.

Calpine's 'B+' IDR reflects the company's high consolidated gross
leverage and a generation portfolio that is largely uncontracted
in 2015 and beyond.  The ratings also incorporate various positive
attributes of Calpine's asset portfolio such as a relatively
young, clean and efficient generation fleet, geographic diversity
and track record of generating relatively stable EBITDA in
different natural gas price scenarios.  Calpine has a strong
liquidity position aided by growing free cash flow profile and has
consistently demonstrated opportunistic capital market access that
has lowered cost of debt and spread out its debt maturities.

KEY RATING DRIVERS

Improving EBITDA Profile: Calpine's ratings and stable outlook
reflects Fitch's view that the fundamental positioning of the
company in the merchant generation space continues to improve,
leading to strengthening of credit metrics over the forecast
horizon.  Some of the key trends in the U.S. power generation
sector, namely tightening environmental regulations, retirement of
uneconomic coal plants and favourable demand supply dynamics in
certain markets such as in the Electricity Reliability Council of
Texas (ERCOT) are favorable for Calpine, in Fitch's opinion.
Calpine is also a beneficiary of stronger than expected results
from the latest PJM capacity auction.  Contribution from the
contracted generation projects that achieved commercial operation
last year as well as from the projects under construction in Texas
and PJM, is expected to drive EBITDA growth in the near term.
Longer term, Calpine remains positively leveraged to a recovery in
natural gas prices with its highly efficient fleet and natural gas
being on the margin for power prices in most of the markets it
operates in.

Large Uncontracted Position: Calpine's generation position has
increasingly become more unhedged over the last few quarters.  As
of March 31, 2014, approximately 28% of 2015 and 20% of 2016
expected output was unhedged.  This disclosure is adjusted to
reflect the recently announced sale of six south eastern power
plans.  Consequently, Calpine's open position for the forward
years is the highest it has been since the company emerged from
bankruptcy in 2008.  This hedging strategy underscores
management's fundamental view of improving power prices and leaves
Calpine's EBITDA exposed to changes in forward natural gas prices
and heat rates.

As of March 31, 2014, every $1/MMBtu move in natural gas price
changes Calpine's commodity margin by +/-$330 million in 2015 and
approximately +/-$400 million in 2016, all else being constant.
Similarly, every 500 btu/kwh change in heat rates changes the
commodity margin by +/-$170-190 million in 2015 and +/-$180-200
million in 2016.  Fitch does note, however, that low natural gas
prices typically boost Calpine's generation output, thus,
offsetting the compression in generation margins to a large
extent.  Calpine's EBITDA has proved to be relatively resilient in
different natural gas price scenarios as compared to other
merchant power generation companies.

Strong Free Cash Flow Generation: Fitch expects Calpine to
generate more than $600 million of free cash flow in 2014; annual
free cash flow is expected to climb to approximately $1 billion
2016 onwards.  These free cash flow estimates incorporate both
maintenance and growth capex based on announced new projects.
Calpine is actively pursuing new generation projects as part of
its growth strategy.  The company brought 739 MW of contracted
capacity on line in 2013 (Calpine's share was 584 MW), and has
under construction 390 MW of merchant capacity in the tight Texas
market (COD in 2014) and 309 MW of merchant capacity (COD in 2015)
that has cleared the PJM capacity auction.  The company is looking
at potentially developing additional merchant capacity of up to
1,500 MW and contracted capacity of 345 MW in 2016-17 time frame.
Reinvestment of capital in new generation projects under long-term
contracts would be viewed positively by Fitch.  Investment in new
merchant generation projects at deeply discounted capital costs in
tight power markets such as Texas would be the next preferred
deployment of excess cash.

Capital Allocation Biased Towards Share Repurchases: With the
balance sheet restructuring behind it, management has been
increasingly focused on share repurchases and growth capex as its
primary uses of excess cash.  Since August 2011, Calpine has
announced $2.1 billion of share repurchases, of which
approximately $755 million is yet to be executed (as of March 31,
2014).  The pace of share repurchases has been tracking above
Fitch's expectation and has been bolstered by proceeds from
opportunistic asset sales.

Calpine's recently announced sale of six power plants at
attractive valuation ($450/kw or 15.7x EV/EBITDA) along with the
use of net operating losses will net approximately $1.53 billion
in cash proceeds.  Management's public comments indicate a
balanced allocation of these proceeds across debt pay down,
reinvestment opportunities and share repurchases.  Fitch expects
the debt pay down to be commensurate with the loss of EBITDA from
the plants being sold, management's stated leverage targets and
higher business risk at the margin with relatively less contracted
portfolio after the sale.  There are no debt maturities until
2019.

Strengthening Credit Metrics: Fitch expects gross adjusted debt to
EBITDAR ratio to be 6.2x in 2014 and improve to 4.7x in 2017.  FFO
adjusted leverage is expected to be 6.2x in 2014 and improve to
4.9x in 2017.  Coverage ratios remain in the 2.75 - 3.00x range,
in line with a strong 'B+' profile.  Fitch's forecast assumes cash
builds up on the balance sheet as the projects under construction
achieve COD.  To the extent management deploys a portion of the
excess cash to new generation projects, there would be upside to
our forecasted EBITDA and FFO metrics.  It is Fitch's expectation
that management continues to prudently invest excess cash flow
proceeds in growth oriented projects and manage its balance sheet
in a conservative manner.  Calpine's liquidity position is strong
with approximately $515 million of unrestricted cash and cash
equivalents and $761 million of availability under the corporate
revolver, as of March 31, 2014.

Rating Linkages: In accordance with its Parent and Subsidiary
Rating Linkage Criteria, Fitch is currently linking the IDRs of
Calpine and CCFC.  Calpine and CCFC are distinct issuers, the
subsidiary debt is non-recourse to the parent, and there are no
cross-guarantees or cross-default provisions between the two
entities.  However, there are strong contractual, operational and
management ties between Calpine and CCFC.  CCFC sells a majority
of its power plant output under a long-term tolling arrangement
with Calpine's wholly owned marketing subsidiary.  CCFC is also a
party to a master operation and maintenance agreement and a master
maintenance services agreement with another wholly owned Calpine
subsidiary.  For these reasons, Fitch is assigning the same IDR to
CCFC as the parent even though its standalone credit profile is
stronger.

Recovery Analysis:

The individual security ratings at Calpine are notched above or
below the IDR, as a result of the relative recovery prospects in a
hypothetical default scenario.

Fitch values the power generation assets that guarantee the parent
debt using a net present value (NPV) analysis.  A similar NPV
analysis is used to value the generation assets that reside in
non-guarantor subs and the excess equity value is added to the
parent recovery prospects.  The generation asset NPVs vary
significantly based on future gas price assumptions and other
variables, such as the discount rate and heat rate forecasts in
California, ERCOT and the Northeast.  For the NPV of generation
assets used in Fitch's recovery analysis, Fitch uses the plant
valuation provided by its third-party power market consultant,
Wood Mackenzie as well as Fitch's own gas price deck and other
assumptions.

Fitch rates Calpine's corporate revolving facility, first lien
credit facility and senior secured notes, which rank pari passu,
at 'BB+/RR1'.  The 'RR1' rating reflects a three-notch positive
differential from the 'B+' IDR and indicates that Fitch estimates
outstanding recovery of 91-100%.  Fitch rates the first lien
senior secured term loan facility at CCFC at 'BB+/RR1'.

Rating Sensitivities

Further Positive Rating Actions Unlikely: Positive rating actions
for Calpine and CCFC appear unlikely unless there is material and
sustainable improvement in Calpine's credit metrics compared with
Fitch's current expectations.  Management's net leverage target of
4.5x effectively caps Calpine's IDR at the 'B+' category.

Weak Wholesale Power Prices: Calpine's EBITDA is sensitive to the
level of power demand and the supply dynamics in each of the
markets it operates in.  Regulatory construct and market rules can
distort pricing signals relative to the underlying power demand
and supply fundamentals.  These factors could depress Calpine's
EBITDA and FFO below Fitch's expectations and, if sustained over a
period of time, could lead to negative credit actions.

Aggressive Capital Allocation Strategy: An enhanced pace of share
repurchases without hitting or sustaining the stated net leverage
targets would be a cause of concern.

Higher Business Risk: An aggressive growth strategy that diverts
significant proportion of growth capex towards merchant assets
could lead to negative rating actions.  Management has been
disciplined about M&A and has largely focused on tuck-in
acquisitions in its core markets.  Large-scale, expensive, and
debt laden acquisitions will adversely affect Calpine's credit
profile.  Inability to renew its expiring long-term contracts
could potentially lead to a higher open position and elevate the
business risk for Calpine.

Weakening Credit Metrics: Sustained FFO leverage metrics below
6.5x and Total Adjusted Debt/EBITDAR below 6.0x could lead to
negative rating actions.

Fitch has affirmed the following ratings with a Stable Outlook:

Calpine

  --IDR at 'B+';
  --Corporate revolving facility at 'BB+/RR1';
  --Senior secured first lien term loan at 'BB+/RR1';
  --Senior secured first lien notes at 'BB+/RR1'.

CCFC

  --IDR at 'B+';
  --Senior secured first lien term loan at 'BB+/RR1'.


CENTRAL FEDERAL: Edward Cochran Holds 9.5% Equity Stake
-------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission Edward W. Cochran disclosed that as of May 12,
2014, he beneficially owned 1,561,000 shares of common stock of
Central Federal Corporation representing 9.57 percent of the
shares outstanding.  Mr. Cochran previously owned 1,066,666.67
shares at Aug. 20, 2012.

On May 12, 2014, the Reporting Person purchased 28,000 shares of
Series B Preferred Stock from Central Federal for a purchase price
of $25 per share in connection with Central Federal's private
placement of up to 480,000 shares of Series B Preferred Stock.
Each share of Series B Preferred Stock is convertible into shares
of Common Stock, at the option of the holder at any time on or
after July 15, 2014, based on a Common Stock conversion price of
$1.75. With respect to the Series B Preferred Stock purchased, the
Reporting Person also received, at no additional charge, a Warrant
to purchase 91,000 shares of Common Stock.

A copy of the regulatory filing is available for free at:

                       http://is.gd/ZutnZ3

                      About Central Federal

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

As reported by the TCR on April 24, 2014, the Board of Directors
of Central Federal approved the engagement of BKD, LLP, to serve
as the Company's independent registered public accounting firm for
the year ending Dec. 31, 2014.  Crowe Horwath LLP was dismissed as
the Company's accounting firm.

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

Central Federal reported a net loss of $918,000 in 2013, a net
loss of $3.76 million in 2012 and a net loss of $5.42 million
in 2011.  The Company's balance sheet at March 31, 2014, showed
$258.98 million in total assets, $236.28 million in total
liabilities and $22.70 million in total stockholders' equity.


COASTLINE INVESTMENTS: Chapter 11 Case to Proceed
-------------------------------------------------
First General Bank, joined by Investor Capital, asked the
Bankruptcy Court for the Central District of California, Los
Angeles Division, to dismiss Coastline Investments and Diamond
Waterfalls' jointly administered Chapter 11 case, or alternatively
to convert the case to Chapter 7.  First General Bank, the first
priority lienholder, complained that the Debtors had not obtained
insurance on the realty securing the debt, nor had the Debtors
allowed inspections of the property. Prior to the filing of the
voluntary Chapter 11 petitions, Investor Capital, the second
priority lienholder, had a receiver in place; however, the
receiver was never approved by the Court.  First General urged the
Court to lift the stay and allow it to immediately take possession
of the Diamond Waterfalls property due to the lack of insurance
and fact that the property was at great risk for damage or
deterioration because it was not being operated or serviced.
Further, Investor Capital urged the Court to dismiss the
bankruptcy case because the creditors were at a great risk due to
no insurance, and that the appointment of a trustee would not
rectify the situation because of the lack of funds to obtain
insurance or operate the Debtors' hotels.

In response to the creditors' requests, Coastline and Diamond
Waterfalls urged the Court to deny the requested relief.
Coastline and Diamond Waterfalls argued that the requests were
partially moot because the Debtors had recently obtained insurance
on the hotel properties using non-estate resources.  Additionally,
they argued, dismissal or conversion of the case would allow the
properties to be sold -- a situation from which First General and
Investor Capital would be the only creditors to benefit.

Ultimately, First General withdrew its requests during course of
the May 21, 2014 hearing.

                    About Coastline and Diamond

Coastline Investments, doing business as Hilltop Suites Hotel, and
Diamond Waterfalls LLC, doing business as Diamond Bar Inn &
Suites, filed Chapter 11 bankruptcy petitions (Bankr. C.D. Cal.
Case No. 14-13028 and 14-13030) in Los Angeles on Feb. 18, 2014.
The cases are jointly administered under Lead Case No. 14-30328.

Coastline Investments is the owner of a hotel located at the top
of a prominent hill with sweeping views in Pamona, California.
The Hilltop Hotel consists of 130 suites located on three acres of
hilltop property by Interstates 10 and 57, Cal-Poly Tech
University, and the Los Angeles County fairgrounds, Fairplex.  The
Hilltop Hotel has three hotel floors along with two levels of
parking and features and outdoor pool, spa, exercise fitness
center, sauna, steam room and a full service restaurant, lounge,
meeting spaces and a banquet ballroom to accommodate 300 guests.

Diamond is the owner of a 161-room hotel located in Pomona,
California.  The Diamond Hotel is a full-service hotel, which
includes a business center, meeting facilities, pool, spa, fitness
center, steam, sauna and offices.

The Debtors acquired both of the hotels through voluntary Chapter
11 bankruptcy court 11 U.S.C. Sec. 363 sales in February 2012.
The Hilltop Hotel was acquired from Shilo Inn, Pamona Hilltop, LLC
(Case No. 11-26270) and the Diamond Hotel was acquired from Shilo
Inn, Diamond Bar LLC (Case No. 10-60884).

The Debtors sought bankruptcy protection after the receiver
appointed for the hotels scheduled a trustee sale for both hotels.
The receiver was appointed at the behest of the investor group
which provided a secured loan of $2,500,000, which the Debtors
defaulted.  The Debtors also have loans from First General Bank
each in the amount of $5,250,000.

Shin-Chung Liu is the 100% membership owner and managing member of
both of the Debtors.  The Debtors' affairs are managed by Liberty
Capital Management Corporation.

Judge Richard M. Neiter has been assigned to the cases.

The Debtors are represented by David B. Golubchick, and J.P.
Fritz, Esq., at Levene, Neale, Bender, Yoo & Brill L.L.P., in Los
Angeles, California.


COASTLINE INVESTMENTS: Agrees to Stalking Horse Auction Sale
------------------------------------------------------------
Coastline Investments on May 21, 2014, advised the Bankruptcy
Court and the parties-in-interest in its case that the Debtors
were agreeable to the auction sale of the hotel properties to West
Coast Asset Management, provided that certain protections were in
place.

The terms of the proposed sale are as follows: The proposed sale
to West Coast is for $8.25 million.  West Coast is to deposit 3%
of the sale price in escrow.  This amount will become non-
refundable if the Court approves the sale and West Coast is the
highest bidder for the property.  West Coast has waived all due
diligence contingencies other than 50% financing and title
insurance.  The sale will be subject to overbids, and closing will
take place between 45 and 90 days after May 29, 2014. The Debtors
will utilize the services of CBRE, the Court-approved broker, to
try and generate overbids.

The proposed sales agreement requires Court approval on several
issues.  The first issue is that West Coast will need Court
approval as the stalking horse bidder.  Second, if a competing
bidder is accepted and approved, West Coast will receive a full
refund of its 3% deposit and the Debtors will pay an additional 3%
($240,750) "breakup fee" to West Coast.  A "breakup fee" in a
Chapter 11 case is an incentive payment made to an unsuccessful
bidder who placed the estate property in sale configuration mode
as a means to attract other bidders. In re Financial News Network,
Inc., 126 B.R. 152, 154 n. 5 (Bankr. S.D.N.Y. 1991); see also In
re Integrated Resources, Inc., 147 B.R. 650, 653 (S.D.N.Y. 1992).
Next, the initial overbid must be at least $100,000 greater than
West Coast's bid plus the breakup fee. Any subsequent bids must be
in $100,000 increments, and West Coast has the right to submit
overbids in response to competing bids.  Fourth, the deadline to
submit overbids should be at least three days before auction.
Finally, in order to qualify as an over-bidder, a potential bidder
must deposit 3% of the proposed West Coast sale price plus the
"breakup fee" in order to show its financial ability.

While the Bankruptcy Code does not address specific procedures to
be followed in auction sales, courts have stated that the
objective should be obtaining the highest possible sale price,
noting that competitive bidding is encouraged.  In re Atlanta
Packaging Products, Inc., 99 B.R. 124, 131 (Bankr. N.D. Ga. 1988).

In bankruptcy cases, "breakup fees" are permitted so long as the
fees are reasonably related to a stalking horse bidder's efforts
and to the magnitude of the transaction. Cottle v. Storer
Communication Inc., 849 F.2d 570, 578 (11th Cir. 1988).  In
evaluating a "breakup fee", courts should consider whether the fee
serves any of the following functions:

  1) attracts or retains bidders,
  2) establishes a bid standard or minimum, or
  3) attracts additional bidders.

Courts generally approve "breakup fees" that:

  1) are not the product of self-dealing by the debtor or trustee,
  2) are not likely to hamper bidding, or
  3) are not unreasonable large in relation to the proposed
     purchase price.  In re Integrated Resources, Inc., 147 B.R.
     650, 662 (S.D.N.Y. 1992).

A hearing was scheduled for June 5, 2014, for the Court to
consider the proposed auction sale.

                    About Coastline and Diamond

Coastline Investments, doing business as Hilltop Suites Hotel, and
Diamond Waterfalls LLC, doing business as Diamond Bar Inn &
Suites, filed Chapter 11 bankruptcy petitions (Bankr. C.D. Cal.
Case No. 14-13028 and 14-13030) in Los Angeles on Feb. 18, 2014.
The cases are jointly administered under Lead Case No. 14-30328.

Coastline Investments is the owner of a hotel located at the top
of a prominent hill with sweeping views in Pamona, California.
The Hilltop Hotel consists of 130 suites located on three acres of
hilltop property by Interstates 10 and 57, Cal-Poly Tech
University, and the Los Angeles County fairgrounds, Fairplex.  The
Hilltop Hotel has three hotel floors along with two levels of
parking and features and outdoor pool, spa, exercise fitness
center, sauna, steam room and a full service restaurant, lounge,
meeting spaces and a banquet ballroom to accommodate 300 guests.

Diamond is the owner of a 161-room hotel located in Pomona,
California.  The Diamond Hotel is a full-service hotel, which
includes a business center, meeting facilities, pool, spa, fitness
center, steam, sauna and offices.

The Debtors acquired both of the hotels through voluntary Chapter
11 bankruptcy court 11 U.S.C. Sec. 363 sales in February 2012.
The Hilltop Hotel was acquired from Shilo Inn, Pamona Hilltop, LLC
(Case No. 11-26270) and the Diamond Hotel was acquired from Shilo
Inn, Diamond Bar LLC (Case No. 10-60884).

The Debtors sought bankruptcy protection after the receiver
appointed for the hotels scheduled a trustee sale for both hotels.
The receiver was appointed at the behest of the investor group
which provided a secured loan of $2,500,000, which the Debtors
defaulted.  The Debtors also have loans from First General Bank
each in the amount of $5,250,000.

Shin-Chung Liu is the 100% membership owner and managing member of
both of the Debtors.  The Debtors' affairs are managed by Liberty
Capital Management Corporation.

Judge Richard M. Neiter has been assigned to the cases.

The Debtors are represented by David B. Golubchick, and J.P.
Fritz, Esq., at Levene, Neale, Bender, Yoo & Brill L.L.P., in Los
Angeles, California.


COMMUNITY MEMORIAL: Trustee Seeks to Reclassify Funds Under Plan
----------------------------------------------------------------
James W. Boyd, liquidating trustee of debtor Community Memorial
Hospital dba Cheboygan Memorial Hospital, seeks a Bankruptcy Court
order authorizing an amendment to the Confirmed Plan of
Distribution, reclassifying allegedly restricted funds as non-
restricted.

The reclassification would permit the distribution of such funds
to the creditors of the estate.

The Liquidating Trustee reasoned that it could not determine, from
the Debtor's existing records, that any funds gifted to the Debtor
were intended as "restricted" in any material aspect.  The
Debtor's records indicated, in fact, that the gifts the Debtor
received over time were not restricted, the Liquidating Trustee
said.

                About Community Memorial Hospital

Community Memorial Hospital, operator of the Cheboygan Memorial
Hospital, filed for Chapter 11 bankruptcy (Bankr. E.D. Mich. Case
No. 12-20666) on March 1, 2012.  Judge Daniel S. Opperman oversees
the case.  Paul W. Linehan, Esq., and Shawn M. Riley, Esq., at
McDonald Hopkins LLC, in Cleveland, Ohio; and Jayson Ruff, Esq.,
at McDonald Hopkins LLC, in Bloomfield Hills, Michigan, represent
the Debtor as counsel.  The Debtor's financial advisor is Conway
Mackenzie Inc.  The Debtor disclosed $23,085,273 in assets and
$26,329,103 in liabilities.

Opened in 1942, the Debtor is an independent, not-for-profit
entity, organized exclusively for charitable, scientific and
educational purposes, and holds tax exempt status in accordance
with Section 501(c)(3) of the Internal Revenue Code.  The
Cheboygan Memorial Hospital is a 25-bed critical access hospital
located in Cheboygan, Cheboygan County, a community on the Lake
Huron coast.  The Debtor has 395 employees.

McLaren Health Care Corporation proposed to acquire substantially
all of the Debtor's operating assets at its primary hospital
campus, for $5,000,000, plus (2) all amounts required for the
Debtor to cure and assume the assigned Assumed Contracts and
Leases.

Daniel M. McDermott, the U.S. Trustee for Region 9, appointed a
five-member official committee of unsecured creditors in the
Chapter 11 case of Community Memorial Hospital.

Michael S. McElwee, Esq., at Varnum LP, in Grand Rapids, Michigan,
represents the Unsecured Creditors' Committee as counsel.

The Creditors Committee won confirmation of its Corrected First
Amended Plan of Liquidation for the Debtor in August 2013.  A
liquidating trust is established to liquidate the Debtor's
remaining assets and distribute the proceeds to creditors.

James Boyd has been designated as liquidating trustee.  He is
represented by Michael S. McElwee, Esq., of Varnum LLP.


COMMUNITY MEMORIAL: Gets Court's Nod to Sell Mackinaw Property
--------------------------------------------------------------
Judge Daniel S. Opperman granted James W. Boyd, as liquidating
trustee of Community Memorial Hospital, permission to sell a
vacant land real property in Mackinaw City, Michigan, to Ronald
and Linda Gwilt for $10,000, subject to higher or better offers.

The Property comprises of two lot parcels.

If the Liquidating Trustee receives any higher bid for the
Property, he will conduct a public auction at his office in
Traverse City, Michigan.

At the sale closing, the Liquidating Trustee is authorized to pay
(1) the realtor's commission of $1,000; (2) outstanding real
property taxes; (3) any costs associated with maintaining the
property; and (4) transfer taxes, title insurance and any other
normal and customary costs associated with the sale.

                About Community Memorial Hospital

Community Memorial Hospital, operator of the Cheboygan Memorial
Hospital, filed for Chapter 11 bankruptcy (Bankr. E.D. Mich. Case
No. 12-20666) on March 1, 2012.  Judge Daniel S. Opperman oversees
the case.  Paul W. Linehan, Esq., and Shawn M. Riley, Esq., at
McDonald Hopkins LLC, in Cleveland, Ohio; and Jayson Ruff, Esq.,
at McDonald Hopkins LLC, in Bloomfield Hills, Michigan, represent
the Debtor as counsel.  The Debtor's financial advisor is Conway
Mackenzie Inc.  The Debtor disclosed $23,085,273 in assets and
$26,329,103 in liabilities.

Opened in 1942, the Debtor is an independent, not-for-profit
entity, organized exclusively for charitable, scientific and
educational purposes, and holds tax exempt status in accordance
with Section 501(c)(3) of the Internal Revenue Code.  The
Cheboygan Memorial Hospital is a 25-bed critical access hospital
located in Cheboygan, Cheboygan County, a community on the Lake
Huron coast.  The Debtor has 395 employees.

McLaren Health Care Corporation proposed to acquire substantially
all of the Debtor's operating assets at its primary hospital
campus, for $5,000,000, plus (2) all amounts required for the
Debtor to cure and assume the assigned Assumed Contracts and
Leases.

Daniel M. McDermott, the U.S. Trustee for Region 9, appointed a
five-member official committee of unsecured creditors in the
Chapter 11 case of Community Memorial Hospital.

Michael S. McElwee, Esq., at Varnum LP, in Grand Rapids, Michigan,
represents the Unsecured Creditors' Committee as counsel.

The Creditors Committee won confirmation of its Corrected First
Amended Plan of Liquidation for the Debtor in August 2013.  A
liquidating trust is established to liquidate the Debtor's
remaining assets and distribute the proceeds to creditors.

James Boyd has been designated as liquidating trustee.  He is
represented by Michael S. McElwee, Esq., of Varnum LLP.


CONNIE STEVENS: 'Hawaiian Eye' Actress Files in Los Angeles
-----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Connie Stevens, an actress and singer popular in the
1960s, filed a Chapter 11 petition in Los Angeles last week.

According to the report, the singer/actress, who is best known for
her role as Cricket Blake on the television show "Hawaiian
Eye" from 1959 to 1963, is yet to file official lists of her
assets, debt and pre-bankruptcy transactions.

The case is In re Connie Stevens, 14-bk-21156, U.S. Bankruptcy
Court, Central District of California (Los Angeles).


COTT CORP: S&P Affirms 'B+' CCR & Removes From CreditWatch Dev.
---------------------------------------------------------------
Standard & Poor's affirmed its ratings on Tampa, Fla.-based Cott
Corp., including its 'B+' long-term corporate credit rating on the
company, and removed all ratings from CreditWatch, where they had
been placed with developing implications Feb. 13, 2014.  The
outlook is negative.

"We have removed the ratings from CreditWatch because Cott has
concluded its evaluation of strategic alternatives to enhance
shareholder value," said Standard & Poor's credit analyst Lori
Harris.  "We expect the company's chosen strategy of growth
through diversification to be managed such that Cott's business
risk and financial risk profiles do not change materially.
However, Cott's likely reliance on acquisitions to maintain
revenue growth adds executional risk, which could affect future
earnings," Ms. Harris added.

Standard & Poor's also assigned its 'B+' issue-level rating and
'4' recovery rating to Cott's proposed US$525 million senior
unsecured notes due 2022, which will be issued through the
company's wholly owned U.S. subsidiary, Cott Beverages Inc.  The
'4' recovery rating indicates S&P's expectation of average (30%-
50%) recovery in the event of default.

S&P understands that the notes will be issued under Rule 144A and
will be used to repay the company's US$375 million senior
unsecured notes due 2018 as well as debt outstanding under Cott's
asset-backed lending (ABL) facility (no rated).

The ratings on Cott reflect Standard & Poor's view of the
company's "vulnerable" business risk profile and "significant"
financial risk profile, which result in an anchor score of 'b+'.
Modifiers did not have an impact on the anchor score.

Cott's vulnerable business risk assessment reflects its small size
in a sector dominated by companies with substantially greater
financial resources and market presence, weak profitability,
customer concentration, seasonality, susceptibility to commodity
cost swings, and its participation in the mature and highly
competitive carbonated soft drink (CSD) and juice markets.  With
Wal-Mart Stores Inc. accounting for about 30% of revenue, a
significant loss in Wal-Mart volume could lead to a material drop
in Cott's revenue and operating profit.  S&P believes these
factors are partially offset by Cott's leading market positions in
private label take-home CSDs in the U.S., the U.K., and Canada, as
well as shelf stable juices in the U.S.

The negative outlook on Cott reflects Standard & Poor's belief
that the company's operating performance could remain weak, driven
by lower organic revenue.  Furthermore, Cott's likely reliance on
acquisitions to maintain revenue growth adds executional risk,
which could affect future earnings.

S&P could lower the ratings if the company's operating performance
falls below its expectations or if Cott's financial flexibility
and credit ratios weaken on a sustainable basis, resulting in
adjusted debt to EBITDA above 4x and funds from operations to debt
below 20%.

S&P could revise the outlook to stable if the company's organic
revenue base stabilizes and it maintains margins despite the
potential for intense competitive activity, higher commodity
prices, and a decline in its business with Wal-Mart, in addition
to maintaining leverage below 4x and FFO to debt above 20%.


DAVITA HEALTHCARE: S&P Rates Proposed Sr. Unsecured Notes 'B+'
--------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B+'
issue-level rating to DaVita HealthCare Partners Inc.'s proposed
senior unsecured notes offering.  The recovery rating is '6',
indicating S&P's expectations of negligible (0%-10%) recovery in
the event of default.

S&P's ratings on DaVita, including the 'BB' corporate credit
rating and 'BB' issue-level rating and '3' recovery rating on the
company's existing senior secured credit facility, are unchanged.
The outlook remains stable.  The company intends to use the
proceeds to refinance existing debt.

S&P's ratings on this U.S.-based provider of dialysis services
reflect its "fair" business risk profile highlighted by its narrow
business focus and reimbursement risk as well as its large size
and wide geographic footprint.  S&P also considers the
diversification impact from the company's relatively recent
acquisition of HCP.  HCP, a completely separate business, is a
patient and physician-focused integrated health care delivery and
management company.

"Our view of the company's "significant" financial risk profile
reflects our expectation that leverage will remain below 4x.
Although we expect DaVita to pursue acquisitions and share
repurchases, we expect the company's discretionary cash flow will
help keep leverage below 4x over time, possibly with brief periods
where leverage is higher.  Full capacity on its revolving credit
facility, large cash reserves, and lack of covenant pressure
support its "strong" liquidity," S&P said.

RATINGS LIST

DaVita HealthCare Partners Inc.
Corporate Credit Rating             BB/Stable/--

New Rating
Senior Unsecured Notes              B+
   Recovery Rating                   6


DEWEY & LEBOEUF: Managers Use Indictment to Fend Off Suit
---------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the three former top executives at Dewey & LeBoeuf
LLP, indicted by the Manhattan district attorney for falsely
portraying the failing law firm's financial condition, filed
papers in federal court in Des Moines, asking the judge to halt
their civil case until their criminal proceedings are concluded.

According to the report, the former executives were slapped by
Aviva Life & Annuity Co., with a lawsuit alleging that it was
induced to buy $35 million in secured notes in April 2010 by
Steven Davis, Dewey's former chairman; Stephen DiCarmine, its
former executive director; and Joel Sanders, the ex-finance chief.

The Iowa lawsuit is Aviva Life & Annuity Co. v. Davis, 12-cv-
00603, U.S. District Court, Southern District of Iowa (Des
Moines).

                      About Dewey & LeBoeuf

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

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

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

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

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

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

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

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

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

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


EXIDE TECHNOLOGIES: Appoints New Execs to Lead Facility Upgrade
---------------------------------------------------------------
Exide Technologies on June 11 disclosed that it has appointed two
new executives to lead the Company's efforts to upgrade its
Vernon, California recycling facility.

The Company has named Thomas Strang as its Vice President,
Environment Health & Safety ? Americas, and Charles Giesige as
Vice President of Recycling Operations ? Americas.

Mr. Strang is responsible for developing and managing regulatory
compliance programs at the Vernon operation and other Exide
locations.  He also is overseeing the upgrades for the Company's
Vernon recycling facility. He joined Exide on May 5.

Mr. Giesige, who joins the Company on June 16, will lead strategic
oversight and operations of the Exide Americas recycling division,
including management of plant purchasing, productivity, quality
and logistics functions.  In coordination with Mr. Strang,
Mr. Giesige will develop policies and programs to enhance
environmental compliance.

"Tom and Chuck will drive a strong health and safety vision and
culture at Exide," said Robert M. Caruso, President and Chief
Executive Officer of Exide Technologies.  "They bring fresh
perspectives and high levels of expertise to lead our efforts to
upgrade our Vernon facility."

Mr. Strang and Mr. Giesige bring to Exide more than 60 years of
combined environmental, safety and health, and plant operations
experience.

Mr. Strang has a successful history in managing environmental
remediation, implementing best practices and working
collaboratively with diverse communities.  Prior to joining Exide,
he served as the Vice President of Environment Health and Safety,
Regulatory Affairs, and Manufacturing Excellence for Chemtura
Corporation where he developed and instilled the company's safety
culture globally.  He held a similar role at Hercules Chemical,
serving in a number of engineering, supply chain, and plant
manager capacities.  Mr. Strang has a Bachelor of Science degree
in Mechanical Engineering from Purdue University and an MBA from
Rensselaer Polytechnic Institute.

"The Exide Vernon facility is one of only two battery recycling
plants west of the Rockies and plays an important role in
California's green economy.  Not only are we are focused on
completing the $5 million in improvements that will make this
recycling center a premier facility, we're helping to ensure the
health and safety of our employees and local residents.  We look
forward to resuming our operations and getting our employees back
to work as soon as the project is completed and tested."

Mr. Giesige has experience with battery manufacturing going back
more than three decades, and has held senior management positions
at a number of global companies, most recently as Vice President
of Corporate Development for Columbus McKinnon Corporation.  He
also served as Vice President and General Manager for the Dynasty
Division and Power Systems Division of C&D Technologies.  Prior to
that, he was Vice President and General Manager of the Specialty
Battery/Dynasty Division of Johnson Controls which was later
acquired by C&D Technologies.  He earned a Bachelor of Science
degree in Accounting from The Ohio State University and an MBA
from the University of Wisconsin.

                     About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002 and exited bankruptcy two years after.
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP represented the Debtors in their successful
restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.  Exide disclosed $1.89 billion in
assets and $1.14 billion in liabilities as of March 31, 2013.

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

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

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.  Zolfo Cooper, LLC serves as its bankruptcy
consultants and financial advisors.  Geosyntec Consultants was
tapped as environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur as fee examiner has
been appointed as fee examiner.  He has hired his own firm as
counsel.


FERRELLGAS L.P.: S&P Retains 'B+' Rating on $325MM Unsecured Notes
------------------------------------------------------------------
Standard & Poor's Ratings Services said that its 'B+' issue-level
rating and '4' recovery rating on U.S. propane distributor
Ferrellgas L.P.'s and Ferrellgas Finance Corp.'s $325 million,
6.75% senior unsecured notes due 2022 are unchanged after the
partnership announced its proposal to issue a $150 million add-on
to the notes.  The notes will total $475 million.  S&P's 'B+'
corporate credit rating and stable outlook on Ferrellgas L.P. are
unchanged.

The '4' recovery rating on the partnership's notes indicates S&P's
expectation of average (30% to 50%) recovery if a payment default
occurs.  The partnership intends to use net proceeds to repay
borrowings outstanding under its credit facility.  As of April 30,
2014, Ferrellgas had about $1.4 billion in debt.

Kansas based Ferrellgas L.P. is the operating limited partnership
of Ferrellgas Partners L.P. (FGP).  FGP is rated 'B+', and the
outlook is stable.

RATINGS LIST

Ferrellgas Partners L.P.
Corporate Credit Rating             B+/Stable/--

Ferrellgas L.P.
Ferrellgas Finance Corp.
$475 mil 6.75% sr unsecured notes   B+
  Recovery Rating                    4


FIRST MARINER: Expects to Start Trading on OTC Pink Marketplace
---------------------------------------------------------------
First Mariner Bancorp said it anticipated that quotation for its
common stock will be moved to the OTC Pink marketplace, according
to the Company's amended report filed with the U.S. Securities and
Exchange Commission.  In a previously filing with the SEC, the
Company incorrectly reported that there will no longer be a
trading market for its Common Stock.

The Financial Industry Regulatory Authority notified the Company
that if the Company has not filed its quarterly report on Form
10-Q for the quarter ended March 31, 2014, by June 23, 2014, its
Common Stock will not be eligible for quotation on the OTC
Bulletin Board.  Because the Company does not anticipate filing
its Form 10-Q, its Common Stock will be removed the OTCBB on or
after June 24, 3014.

                     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 is 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.


GENCO SHIPPING: Equity Committee, U.S. Trustee Object to Plan
-------------------------------------------------------------
The Official Committee of Equity Security Holders and William K.
Harrington, U.S. Trustee for Region 2, object to the confirmation
of Genco Shipping & Trading Ltd.'s prepackaged plan of
reorganization.

The Equity Committee takes issue with respect to the Debtors'
valuation.  The Equity Committee accuses the Debtors and their
financial advisors, Blackstone Advisory Partners LP, to have
"engineered an unreasonably low valuation based on ultra-
conservative and manipulated projections that are inconsistent
with management's historical practices, in an effort to understate
the enterprise value of the Debtors' operations and to deprive
current equity holders of a fair recovery under the Plan."  The
Equity Committee said it is prepared to show at the confirmation
trial that the actual enterprise value of the Debtors as a going
concern is higher than its debt.

To aid its presentation at the confirmation trial, the Equity
Committee sought documents regarding the Debtors' valuation and
valuation work but a letter sent by Sidley Austin LLP, the law
firm representing the Equity Committee, to Judge Sean Lane of the
U.S. Bankruptcy Court for the Southern District of New York
alleged that the financial advisers to noteholders and lenders who
support the Chapter 11 plan haven't produced "a single document"
regarding their valuation work.

Akin Gump Strauss Hauer & Feld LLP, lawyers for some noteholders
who support the Chapter 11 plan, responded to the attack, saying
that the committee's letter was "littered with half-truths (at
best)" suggesting that parties are "dragging their feet as it
relates to the equity committee's overly broad and unduly
burdensome discovery demands," Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reported.  Milbank, Tweed, Hadley &
McCloy LLP, which hired financial advisers to assist Wilmington
Trust NA as agent, joined in, saying that Akin's letter was
"premised on two blatant misrepresentations" and filed "in
violation" of the court's rules regarding discovery disputes, Mr.
Rochelle said.

The U.S. Trustee objects to the confirmation of the Plan because
it impermissibly provides for: (i) the reimbursement of costs,
including legal fees and expenses of the creditors supporting the
Plan; and (ii) non-debtor third-party releases and an exculpation
provision that, by virtue of being overbroad, do not comport with
Second Circuit law or the Bankruptcy Code.

A June 12 hearing is scheduled to consider both the adequacy of
the disclosure statement explaining the Prepackaged Plan and the
confirmation of the same Plan.

The Equity Committee is represented by Steven M. Bierman, Esq.,
Benjamin R. Nagin, Esq., and Michael G. Burke, Esq., at Sidley
Austin LLP, in New York; and James F. Conlan, Esq., and Larry J.
Nyhan, Esq., at Sidley Austin LLP, in Chicago, Illinois.

Andrew D. Velez-Rivera, Esq., Trial Attorney, Office of the U.S.
Trustee, in New York.

                 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.


GENCO SHIPPING: Files Schedules of Assets and Liabilities
---------------------------------------------------------
Genco Shipping and Trading Limited filed its schedules of assets
and liabilities in the U.S. Bankruptcy Court for the Southern
District of New York, disclosing:

     Name of Schedule              Assets          Liabilities
     ----------------            -----------       -----------
  A. Real Property                      $0.00
  B. Personal Property      $3,174,419,665.61
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                             $1,327,901,756.53
  E. Creditors Holding
     Unsecured Priority
     Claims                                                  $0.00
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                      $1,878,770,562.80
                            ------------------   -----------------
        TOTAL                 $3,174,419,65.61  $3,206,,672,319.33

                        Sec. 341 Meeting

The meeting of creditors in the Debtors' cases in accordance with
Section 341 of the Bankruptcy Code was scheduled last May 15,
2014.  Representatives of the Debtors were to be present at the
meeting to be examined under oath by the U.S. Trustee.

                 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.


GENCO SHIPPING: Gets 100% Creditors' Support for Prepack Plan
-------------------------------------------------------------
Craig E. Johnson, senior director with GCG, Inc., submitted to the
Bankruptcy Court the voting results on the Prepackaged Plan of
Reorganization of Genco Shipping & Trading Limited, et al.

The results show that 100% of Class 3, 4 and 5 ballots voted to
accept the Plan.

Class     Accept the Prepackaged Plan  Reject the Prepackaged Plan
          ---------------------------  ---------------------------
          Dollar Amt         No. of    Dollar Amt       No. of
          Voted/%           Votes/ %   Voted/%          Votes/ %
          ---------------------------  ---------------------------
3        $1,055,911,525/     33/       $0.00/0%          0/0%
               100%          100%

4        $175,718,000/       5/        $0.00/0%          0/0%
               100%          100%

5        $73,561,132/        3/        $0.00/0%          0/0%
               100%          100%

As reported by The Troubled Company Reporter, the deadline for the
confirmation of the plan of reorganization of Genco Shipping, et
al., has been extended to June 27, 2014.

                 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: Lawmakers Recall Chief To Washington
----------------------------------------------------
Jeff Bennett and Siobhan Hughes, writing for The Wall Street
Journal, reported that General Motors Co. Chief Executive Mary
Barra next week faces another round of questioning from U.S.
lawmakers expected to challenge the findings of an internal probe
that cleared the CEO and other top executives of wrongdoing over a
troubled safety recall.

According to the Journal, Ms. Barra is scheduled to testify before
the House Oversight and Investigations Subcommittee next
Wednesday.  Former U.S. prosecutor Anton Valukas, who was hired by
GM to investigate the recall delays, also is expected to testify,
the Journal said. Both likely face a Senate commerce subcommittee
although that hearing may not occur until July, the Journal added.

Meanwhile, Bill Vlasic, writing for The New York Times, reported
that GM officials believe that the automaker's chief will be
cleared of wrongdoing in the ignition-switch recall crisis after
the release of the Mr. Valukas' investigative report.

Company officials, who spoke to the NY Times on condition of
anonymity, said Ms. Barra, who has been briefed on the
investigation's progress, cleared a critical hurdle last month
when the nation's auto safety agency imposed a $35 million fine on
G.M. for failing to report the defect in a timely manner.

Tim Higgins, Jeff Plungis and Jeff Green, writing for Bloomberg
News, reported that Mr. Valukas' investigation into why it took
more than a decade to recall vehicles linked to fatal flaws will
lead to employees being dismissed and clear the CEO of wrongdoing.
The investigation will also clear GM's top lawyer, Michael
Millikin, while Ray DiGiorgio, the engineer in charge of the
flawed part, will be amount a number of employees to depart the
company, the Bloomberg report said, citing a person familiar with
the matter.

                       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.


GRANITE SHOALS: S&P Raises GO Debt Rating From 'BB+'
----------------------------------------------------
Standard & Poor's Ratings Services raised its long-term and
underlying rating (SPUR) to 'BBB-' from 'BB+' on Granite Shoals,
Texas' existing certificates of obligation (COs) and general
obligation (GO) debt.  The outlook is positive.

"The raised rating reflects our view of the city's implementation
of improved financial management policies and practices, its
improving financial position, and the application of our local GO
criteria released Sept. 12, 2013," said Standard & Poor's credit
analyst Sarah Smaardyk.  "The positive outlook reflects our view
that the rating could be raised if the city's financial position
continues to improve," Ms. Smaardyk added.

Granite Shoals (estimated population of 5,046) is located in the
Texas Hill Country, about 56 miles northwest of Austin.  The local
economic base is somewhat small, in S&P's opinion, and the local
economy is primary residential.


HAIMIL REALTY: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Haimil Realty Corp.
        209 East 2nd Street
        New York, NY 10009

Case No.: 14-11779

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 11, 2014

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

Debtor's Counsel: Douglas J. Pick, Esq.
                  PICK & ZABICKI LLP
                  369 Lexington Avenue, 12th Floor
                  New York, NY 10017
                  Tel: (212) 695-6000
                  Fax: (212) 695-6007
                  Email: dpick@picklaw.net

Total Assets: $5.57 million

Total Liabilities: $332,847

The petition was signed by Menachem Haimovich, president.

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


HOLLY HILL COMMUNITY CHURCH: Section 341(a) Meeting Set on July 9
-----------------------------------------------------------------
A meeting of creditors in the bankruptcy case of Holly Hill
Community Church will be held on July 9, 2014, at 2:30 p.m. at
RM 5, 915 Wilshire Blvd., 10th Floor, Los Angeles, CA.

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.

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.  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.  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 Debtor
as counsel.  Judge Julia W. Brand presides over the case.


ICTS INTERNATIONAL: Igal Tabori Owns 10.1% Equity Stake
-------------------------------------------------------
In a Schedule 13D filed with the U.S. Securities and Exchange
Commission, Igal Tabori and Tabori Enterprises Ltd. disclosed that
as of June 9, 2014, they beneficially owned 814,422 shares of
common stock of ICTS International N.V. representing 10.13 percent
of the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/4mlBcj

                     About ICTS International

ICTS International N.V. is a public limited liability company
organized under the laws of The Netherlands in 1992.

ICTS specializes in the provision of aviation security and other
aviation services.  Following the taking of its aviation security
business in the United States by the TSA in 2002, ICTS, through
its subsidiary Huntleigh U.S.A. Corporation, engages primarily in
non-security related activities in the USA.

ICTS, through I-SEC International Security B.V., supplies aviation
security services at airports in Europe and the Far East.

In addition, I-SEC Technologies B.V. including its subsidiaries
develops technological systems and solutions for aviation and non?
aviation security.

ICTS International reported a net loss of $3.43 million on $125.70
million of revenue for the year ended Dec. 31, 2013, as compared
with a net loss of $9.01 million on $96.75 million of revenue
during the prior year.  As of Dec. 31, 2013, the Company had
$29.13 million in total assets, $69.49 million in total
liabilities and a $40.35 million total shareholders' deficit.

Mayer Hoffman McCann CPAs, 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 history of recurring losses from continuing
operations, negative cash flows from operations and a working
capital and shareholders' deficit.  Collectively, these conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


JUNO HEALTHCARE: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Juno Healthcare Staffing Systems, Inc.
        411 Fifth Avenue, Suite 805
        New York, NY 10016

Case No.: 14-11778

Nature of Business: Staffing

Chapter 11 Petition Date: June 11, 2014

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

Debtor's Counsel: Douglas J. Pick, Esq.
                  PICK & ZABICKI LLP
                  369 Lexington Avenue, 12th Floor
                  New York, NY 10017
                  Tel: (212) 695-6000
                  Fax: (212) 695-6007
                  Email: dpick@picklaw.net

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Dante Raul Teodoro, president.

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


KID BRANDS: To Consider Bankruptcy Option
-----------------------------------------
Jamie Mason, writing for The Deal, reported that infant and
toddler consumer products distributor Kid Brands Inc. has hired
restructuring advisers at PricewaterhouseCoopers LLP to assist it
with a possible bankruptcy filing, among other things.

According to the report, Kid Brands, which operates subsidiaries
Kids Line LLC, LaJobi Inc., Sassy Inc. and CoCaLo Inc., announced
in April that it had hired East Wind Advisors and Oppenheimer &
Co. to help it explore its strategic alternatives, including a
recapitalization, debt restructuring, strategic alliances, a
merger or the sale of the company as a whole or in parts.

                        About Kid Brands, Inc.

Kid Brands, Inc. -- http://www.kidbrands.com-- and its
subsidiaries engage in the design, development and distribution of
infant and juvenile branded products.  Its design-led products are
primarily distributed through mass market, baby super stores,
specialty, food, drug, independent and ecommerce retailers
worldwide.

The Company's current operating subsidiaries consist of: Kids
Line, LLC; LaJobi, Inc.; Sassy, Inc.; and CoCaLo, Inc.  Through
these wholly-owned subsidiaries, the Company designs, manufactures
(through third parties) and markets branded infant and juvenile
products in a number of complementary categories including, among
others: infant bedding and related nursery accessories and decor
and nursery appliances (Kids Line(R) and CoCaLo(R)); nursery
furniture and related products (LaJobi(R)); and developmental toys
and feeding, bath and baby care items with features that address
the various stages of an infant's early years, including the
Kokopax(R) line of baby gear products (Sassy(R)).  In addition to
the Company's branded products, the Company also markets certain
categories of products under various licenses, including
Carter's(R), Disney(R), Graco(R) and Serta(R).

The Company's balance sheet at March 31, 2014, showed $80.34
million in total assets, $102.60 million in total liabilities and
a $22.25 million total shareholders' deficit.

                         Bankruptcy Warning

"At March 31, 2014 and December 31, 2013 our cash and cash
equivalents were $0.3 million and $0.2 million, respectively, our
revolving loan availability was $0.9 million and $4.9 million,
respectively, and such availability is currently expected to
remain very tight for the remainder of 2014.  As a result, the
Company has had insufficient capital resources to satisfy
outstanding payment obligations to certain of its
suppliers/manufacturers and other service providers (in an
aggregate amount of approximately $16.5 million), several of which
have demanded payment in writing, are refusing to ship product,
are requiring payment in advance of shipment or production, and/or
are otherwise threatening to take action against the Company,
including terminating their relationship with the Company and/or
initiating legal proceedings for amounts owed (one such supplier
has filed a complaint and another has made a demand for
arbitration, as is described in Note 10).  In connection with
these events, the Company received a notice of breach dated April
25, 2014 from one of LaJobi's material licensors claiming that
LaJobi failed to ship licensed goods to the licensor's customers
as a result of outstanding subcontractor invoices.  All of the
foregoing circumstances (referred to collectively as the "Events
of Default") constituted or may have constituted failures of
conditions to lending and/or events of default under the Credit
Agreement.  Accordingly, the Borrowers, the Agent and the Required
Lenders executed a Waiver and Fifth Amendment to Credit Agreement
as of May 14, 2014 ("Amendment No. 5"), to waive any failures of
conditions to lending and events of default resulting from the
Events of Default.  In addition, in order to increase the amount
of eligible receivables under the Tranche A borrowing base,
Amendment No. 5 further reduces the availability block from $3.5
million to $2.768 million for 30 days (such block will return to
$3.5 million on June 14, 2014, and will revert to its original
amount of $4.0 million on August 1, 2014).  Notwithstanding the
execution of Amendment No. 5, without a significant increase in
available cash, we will continue to be unable to satisfy such
obligations (or similar demands/proceedings instituted for
payment, which are expected to continue) or make such advanced
payments, which will negatively impact our ability to meet our
customers' product demands and likely result in further breaches
of our license agreements and certain of our customers ceasing to
purchase products from us.  All of the foregoing will have a
material adverse effect on our financial condition and results of
operations, and may result in our bankruptcy or insolvency," the
Company stated in the Report.


LANZA LAND: Case Summary & 12 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Lanza Land Management, LLC
        100 North Land Ave
        Oil City, LA 71061

Case No.: 14-11275

Chapter 11 Petition Date: June 3, 2014

Court: United States Bankruptcy Court
       Western District of Louisiana (Shreveport)

Judge: Hon. Stephen V. Callaway

Debtor's Counsel: Ralph Scott Bowie, Jr., Esq.
                  DAYE, BOWIE & BERESKO, APLC
                  400 Travis, Suite 700
                  Shreveport, LA 71101
                  Tel: (318) 221-0600
                  Fax: (318) 221-8158
                  Email: rsbowie@bellsouth.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mario Lanza, manager.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/lawb14-11275.pdf


M/A-COM TECHNOLOGY: S&P Assigns 'B+' Corp. Credit Rating
--------------------------------------------------------
Standard & Poor's Ratings Services said it assigned a 'B+'
corporate credit rating to Lowell, Mass.-based M/A-COM Technology
Solutions Holdings Inc.  The outlook is stable.

S&P also assigned its 'BB-' issue-level rating and '2' recovery
rating to the company's $100 million revolving credit facility due
2019 and $350 million term loan due 2021.  The '2' recovery rating
indicates S&P's expectation of substantial (70%-90%) recovery in
the event of payment default.

"The ratings on M/A-COM reflect the company's 'weak' business risk
profile (as defined by our criteria), incorporating the company's
limited scale, short track record operating at the current revenue
level, narrow focus on a subsector of the analog semiconductor
industry, and end-market concentration," said Standard & Poor's
credit analyst James Thomas.

S&P considers M/A-COM's financial risk profile to be "aggressive"
reflecting its expectation for leverage greater than 3x over the
next two years, potential for volatility in revenue and cash
flows, and that an acquisitive growth strategy may lead to
increased leverage.  S&P views the industry risk as "moderately
high," the country risk as "low," and the company's management and
governance as "fair."

The outlook is stable, reflecting S&P's expectation that M/A-COM
will be able to successfully integrate MindSpeed, leading to
improved margins and lower leverage in the mid-to-low 3x area over
the next fiscal year.

S&P could lower the rating if business performance deteriorated
due to failure to secure critical design wins, leading to a
significant EBITDA decline, or if an additional large debt-
financed acquisition resulted in leverage above 4x.

Given the company's limited scale when compared to industry peers
in the 'BB' category, an upgrade is unlikely over the next year,
although S&P could consider an upgrade over the longer term if the
firm is able to successfully execute its growth plans and achieve
and sustain below 3x.


MASON COPPELL: Chapter 11 Trustee Is Appointed After Sale
---------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that former owners of five nursing homes in Texas will
wind up their excursion through Chapter 11 bankruptcy under the
wing of a trustee.  After the nursing homes were sold in April to
THI of Baltimore Inc. for $16.1 million, the former owners asked
the court to appoint a Chapter 11 trustee, the report related.
The request was supported by the creditors' committee.

                       About Mason Coppell

Mason Coppell OP, LLC, Mason Georgetown OP, LLC, Mason Mesquite
OP, LLC, and Mason Round Rock OP, LLC operate five skilled nursing
homes in Texas. Mason Georgetown RealCo, LLC, owns the real estate
and building for the operations of Mason Georgetown. They
initiated the Chapter 11 cases to effectuate a prompt transfer of
their assets and operations to preserve patient safety and any
potential value for creditors.

Mason Coppell OP, LLC, et al., filed Chapter 11 bankruptcy
petitions (Bankr. N.D. Tex. Case Nos. 14-31327 to 14-14-31334) on
March 18, 2014.  Judge Stacey Jernigan presides over the cases.

The Debtors estimated assets of at least $10 million and debts of
at least $10 million.

The Debtors, except Mason Georgetown Realco, are represented by
Joe E. Marshall, Esq., Thomas D. Berghman, Esq., and Timothy A.
Million, Esq., at Munsch Hardt Kopf & Harr, P.C.  Georgetown
Realco is represented by Jonathan S. Covin, Esq., and Shayla L.
Friesen, Esq., at Wick Phillips Gould & Martin, LLP.

Deloitte Transactions and Business Analytics, LLP, acts as the
Debtors' restructuring advisor with Louis Robichaux serving as
chief restructuring officer.

On March 28, 2014, the United States Trustee appointed an
Unsecured Creditors' Committee in the cases.  To date there has
been no request made for the appointment of a trustee or examiner.
A patient care ombudsman has not yet been appointed.  However, the
Court has scheduled a show cause hearing on April 15 to consider
the appointment of an Ombudsman.

Counsel for the Committee is Cox Smith Mathews Incorporated's Mark
Andrews, Esq.

Counsel for Oxford Finance, LLC, which is owed almost $16 million
on a term loan and revolving credit, is Vedder Price P.C.'s Jon
Aberman, Esq.

Mason Coppell OP, LLC, et al., obtained Court authority to sell
substantially all of their assets for a total of $16.1 million,
consisting of $4.0 million for so-called facility assets and $12.1
million for the 142-bed nursing home facility commonly known as
Estrella Oaks Rehabilitation Care Center, in Georgetown, Texas.

At the closing of the sale, proceeds of the sale of the real
property in the amount of $12.1 million, less adjustments,
required U.S. Trustee fees, and required administrative expenses,
will be paid to Oxford.

Debtor Mason Friendswood OP, LLC, has separately sought authority
to sell the Friendship Haven Health and Rehabilitation Center to
ensure uninterrupted and continued care at the Facility.


MINERALS TECHNOLOGIES: S&P Assigns 'BB-' CCR & Rates Sr. Debt 'BB'
------------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' corporate
credit rating to Mineral Technologies Inc. (MTI).  The outlook is
stable.  At the same time, S&P assigned a senior secured debt
rating of 'BB' (one notch above the corporate credit rating) and a
recovery rating of '2' to MTI's $200 million revolving credit
facility due 2019 and $1.56 billion term loan due 2021.

"Our 'BB-' rating on MTI is derived from our anchor of 'bb-',
based on our assessment of its 'fair' business risk profile and
'aggressive' financial risk profile," said Standard & Poor's
credit analyst Cynthia Werneth.  All modifiers are neutral for the
rating.

MTI acquired AMCOL for about $1.8 billion, including assumed debt,
but before transaction fees and expenses.  The purchase price
represented approximately 11x EBITDA before synergies that
management expects to total at least $50 million.  The company
financed the transaction with approximately 80% debt and 20% cash
on hand.  MTI also used financing proceeds to refinance nearly all
of its outstanding debt.

MTI develops, produces, and markets worldwide a range of specialty
mineral, mineral-based, and synthetic mineral products and
supporting systems and services.  MTI is the world's largest
producer of precipitated calcium carbonate (PCC), a mineral used
primarily as a filler (displacing more expensive pulp) in printing
and writing papers.  The company manufactures several customized
PCC product forms using proprietary processes.  Nearly half of its
sales of PCC to papermakers is currently from "satellite" plants
located near paper mills, providing onsite technical support and
reducing transport costs.  MTI also produces and sells PCC
products on a merchant basis for non-paper applications, as well
as ground calcium carbonate and talc to diverse end markets.
Owned and leased limestone mines provide a portion of the
company's raw material requirements. MTI also produces refractory
products used primarily in high-temperature applications in the
steel, nonferrous metal, and glass industries.  MTI makes products
and systems for application on furnace walls to prolong the life
of furnace linings, as well as other related products such as pre-
cast shapes for iron and steel ladles.  In addition, MTI sells
services and application and measurement equipment, and calcium
metal and metallurgical wire products.

AMCOL is the world's largest producer of bentonite, which it mines
from owned and leased reserves and supplements with purchases from
third parties.  AMCOL also mines chromite (used in steel alloy
casting and other metal-producing applications) and leonardite
(used in metal casting, as a drilling fluid additive, and in
agricultural applications).  AMCOL uses bentonite and other
minerals to manufacture performance materials (used in foundry,
consumer, construction, water treatment, and pet litter
applications) and, to a lesser extent, construction products
(geosynthetic and clay liners used in landfills and construction,
waterproofing products, and drilling fluids).  In addition, AMCOL
has a fast-growing energy services business that provides services
to improve the production, cost, compliance, and environmental
impact of activities performed in the oil and gas industry.

The stable outlook reflects S&P's expectation that credit measures
will remain appropriate for the "aggressive" financial risk
profile during the next year, including FFO to debt of 15% to 20%.

Despite the challenges associated with such a large acquisition,
management's track record of operating improvements during the
past several years underscores S&P's view that it will be able to
integrate AMCOL and obtain projected synergies.  This should
result in substantial discretionary cash flow.  Based on MTI's
history of modest debt leverage, and management's commitment to
lower debt following the transaction, S&P expects cash flow
leverage metrics to strengthen meaningfully during the next few
years, notwithstanding its expectation of potential small, bolt-on
acquisitions.  As a result, S&P could raise the ratings by one
notch if integration of the acquired operations goes smoothly and
MTI reduces debt to the extent that FFO to debt appears likely to
increase to and remain above 20% on a sustainable basis.

S&P could lower the ratings if, contrary to our expectations, MTI
does not reduce debt and operating performance weakens.  This
could occur if, for example, 2015 revenues remain flat with
projected 2014 pro forma levels for the combined company, and
EBITDA margins declined by 3 percentage points.  In that case, S&P
believes FFO to debt would be in the low-teens percentage area and
debt to EBITDA would exceed 5x.


MITEL NETWORKS: S&P Raises CCR to 'B+'; Outlook Positive
--------------------------------------------------------
Standard & Poor's Ratings Services said it raised its long-term
corporate credit rating on Ottawa-based Mitel Corp., to 'B+' from
'B'.  The outlook is positive.

In tandem with this upgrade, Standard & Poor's raised its issue-
level rating on Mitel's US$355 million first-lien term loan to
'BB-' from 'B+'.  The '2' recovery rating on the loan is
unchanged, and indicates S&P's expectation of substantial (70%-
90%) recovery for lenders in the event of default.

"The upgrade reflects our view that Mitel is achieving early
success integrating Aastra Technologies Ltd., thereby reducing
integration risk and bolstering the case that the company's
synergy targets will be realized," said Standard & Poor's credit
analyst David Fisher.

S&P's assessment of Mitel's business risk profile as vulnerable
reflects the company's history of volatile operating results;
still-small scale relative to its larger competitors; and the
inherent riskiness of the communications products industry in
which it operates.  The industry is characterized by cyclicality
and rapid technological change that is causing heightened
competition.  These risks are somewhat offset, in S&P's opinion,
by the company's healthy market positions in premise and cloud-
based telephony/unified communications solutions, and Mitel's good
geographic and customer diversity.

S&P believes market conditions in the hardware-based IP telephony
market remain challenging due to weak macroeconomic growth, the
commoditization of certain communication products, and a shift
toward software-based and hosted communication solutions that is
attracting new competitors, including large pure-play software
vendors such as Microsoft Corp., as well as hosted communication
service providers.  These conditions, among others, have resulted
in recent revenue declines at most communications solutions
providers, including Mitel.

The positive outlook reflects S&P's expectation that Mitel will
continue to successfully integrate Aastra within the coming year,
which should drive a sustainable improvement in earnings,
strengthen the company's market position, and alleviate
integration and execution risk.

S&P could raise the ratings if Mitel successfully integrates
Aastra during the next 12 months and achieves its near-term
synergy targets, while maintaining adjusted debt to EBITDA (pro
forma for acquisitions) of 3x or below.

S&P could revise the outlook back to stable if the company
experiences greater-than-expected integration challenges;
sustained revenue erosion (on a pro forma basis) above the low-
single-digit level; or the competitive environment becomes
significantly more challenging.


NATROL INC: Vitamin Company Files for Chapter 11 Bankruptcy
-----------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
Natrol Inc., a California-based seller of vitamins and nutrition
products, filed for Chapter 11 bankruptcy protection.  According
to the report, citing the petition filed in the U.S. Bankruptcy
Court in Wilmington, Del., assets are estimated at $100 million to
$500 million, and liabilities are estimated at $50 million to $100
million.


NATROL INC: Case Summary & 30 Largest Unsecured Creditors
---------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

          Debtor                              Case No.
          ------                              --------
          Natrol, Inc.                        14-11446
          21411 Prarie St.
          Chatsworth, CA 91311

          Natrol Holdings, Inc.               14-11447

          Natrol Products, Inc.               14-11448

          Natrol Direct, Inc.                 14-11449

          Natrol Acquisition Corp.            14-11450

          Prolab Nutrition, Inc.              14-11451

          Medical Research Institute          14-11452

Type of Business: Health supplement maker

Chapter 11 Petition Date: June 11, 2014

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Brendan Linehan Shannon

Debtors' Counsel:    Robert A. Klyman, Esq.
                     Samuel A. Newman, Esq.
                     GIBSON, DUNN & CRUTCHER LLP
                     333 South Grand Avenue
                     Los Angeles, CA 90071-1512
                     Tel: (213) 229-7000
                     Fax: (213) 229-7520
                     Email: rklyman@gibsondunn.com
                            snewman@gibsondunn.com

Debtors' Co-Counsel: Michael R. Nestor, Esq.
                     Maris J. Kandestin, Esq.
                     Ian J. Bambrick, Esq.
                     YOUNG CONAWAY STARGATT & TAYLOR, LLP
                     Rodney Square
                     1000 North King Street
                     Wilmington, DE 19801
                     Tel: 302-571-6600
                     Fax: 302-571-1253
                     Email: mnestor@ycst.com
                            mkandestin@ycst.com
                            ibambrick@ycst.com

Debtors'
Claims and
Noticing
Agent:               EPIQ SYSTEMS INC.

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $50 million to $100 million

The petitions were signed by Mesrop G. Khoudagoulian, secretary.

List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
American Express Company             Trade Debt        $875,601

Novel Ingredient Services            Trade Debt        $637,140
10 Henderson Drive
West Caldwell, NJ 07006
Richard Antonoff
Office: (973) 808-5900
Fax: (973) 808-5959

E.T. Horn Company                    Trade Debt        $492,789
16050 Canary Avenue
La Miranda, CA 90637
Steve Schmidt -- Acct Mgr.
Office: (800) 422-4675
Fax: (714) 670-6582

Elk Designs Inc.                     Trade Debt        $446,954
12101 Dewey Street
Los Angeles, CA 90066
Brett Schafer - President
Office: (310) 391-6200
Fax: (310) 391-6222

CBS Broadcasting Inc.                Trade Debt        $391,200

Echo Global Logistics                Trade Debt        $317,178
600 West Chicago Ave.,
Suite 725
Chicago, IL 60654
Bill Suwara - Corporate Sales
Office: (310) 921-7405
Fax: (310) 921-7406

VMI Nutrition                        Trade Debt        $302,728
391 South Orange St.
Salt Lake City, UT 84014
Jeff Reynolds - Owner
Office: (801) 954-0471
Fax: (801) 954-0472

Glanbia Nutritionals Inc.            Trade Debt        $292,669
2840 Loker Ave. East
Carlsbad, CA 92010
Sean Ross - Sales Mgr.
Office: (608) 469-0866
Fax: (608) 316-8504

J &  D Laboratories                  Trade Debt        $274,233
2710 Progress Street
Vista, CA 92081
Kiran Majmuda - President
Office: (760) 734-6800
Fax:  (760) 734-6573

Charles Bowman & Co. Inc.            Trade Debt        $273,293
3328 John F. Donnelly Drive
Holland, MI 49424
Michelle Welcher - Sales Mgr.
Office: (616) 786-4000
Fax: (616) 786-2864

Paradigm Packaging West              Trade Debt        $249,195
141 West 5th Street
Saddle Brook, NJ 07663
Robert W. Donnahoo - President
Office: (201) 291-3885
Fax: (201) 291-3855

Stauber Performance Ingre            Trade Debt        $234,266

Knight Paper Box Company             Trade Debt        $221,274

Bioactive                            Trade Debt        $221,164

Impress Print and Package            Trade Debt        $220,100

Evonik Degussa Corporation           Trade Debt        $204,750

Shanghai Freemen Americans LLC       Trade Debt        $193,400

KDN-Vita Internatinal Inc.           Trade Debt        $175,550

Swiss Caps                           Trade Debt        $159,849

Harmony Foods Corporation            Trade Debt        $129,936

Captek Softgel Intl, Inc.            Trade Debt        $125,750

Blower Dempsay Corp.                 Trade Debt        $124,966

Louis R. Miller                      Trade Debt        $123,660

Adam Nutrition                       Trade Debt        $115,057

BDO USA LLP                          Trade Debt        $111,774

Aqualon Company                      Trade Debt        $107,886

American Broadcasting Companies Inc. Trade Debt        $100,800

Naturex, Inc.                        Trade Debt         $89,615

Shanks Extracts Inc.                 Trade Debt         $87,596

Mitsui & Co USA Inc.                 Trade Debt         $82,315


NEONODE INC: Two Directors Reelected at Annual Meeting
------------------------------------------------------
Neonode Inc. held its annual meeting of stockholders on June 5,
2014, at which the stockholders reelected each of Mats Dahlin and
Lars Lindqvist as directors to serve for a three year term.
The advisory vote related to executive compensation was ratified.
The appointment of KMJ Corbin & Company LLC to serve as the
Company's independent auditors for the year ended Dec. 31, 2014,
was also ratified.

                         About Neonode Inc.

Lafayette, Calif.-based Neonode Inc. (OTC BB: NEON)
-- http://www.neonode.com/-- provides optical touch screen
solutions for hand-held and small to midsize devices.

Neonode reported a net loss of $13.08 million in 2013, a net loss
of $9.28 million in 2012 and a net loss of $17.14 million in 2011.
As of March 31, 2014, the Company had $8.78 million in total
assets, $5.30 million in total liabilities and $3.48 million in
total stockholders' equity.


NORD RESOURCES: Obtains Cease Trade Orders on Securities
--------------------------------------------------------
The Ontario Securities Commission issued on June 2, 2014, a cease
trade order, which is limited to the Province of Ontario, in
respect of Nord Resources Corporation's securities for failure of
the Company to file its audited annual financial statements for
the financial year ended Dec. 31, 2013, the related management's
discussion for the year ended Dec. 31, 2013, and the officer
certifications.  The ON CTO requires that all trading in the
Company's securities must cease until further order by the
Director of the OSC.

The Company does not expect that the BC CTO and the ON CTO will be
revoked until the outstanding annual and quarterly filings are
made with BCSC and the OSC.

Also on May 8, 2014, the BCSC issued a cease trade order, which is
limited to the Province of British Columbia, in respect of the
Company's securities for failure of the Company to file its
audited annual financial statements for the financial year ended
Dec. 31, 2013, and the related management's discussion for the
year ended Dec. 31, 2013.  The BC CTO requires that all trading in
the Company's securities must cease until: (a) the Company files
the required records with the BCSC, and (b) the Executive Director
of the BCSC revokes the cease trade order.

The BC CTO expressly provides that, despite the BC CTO, a
beneficial shareholder of the Company who is not, and was not at
the date of the BC CTO, an insider or control person of the
Company, may sell securities of the Company acquired before the
date of the BC CTO, if:

   * the sale is made through a market outside Canada, and

   * the sale is made through an investment dealer registered in
     British Columbia.

The Company said that due to having insufficient funds for
payments to, among others, the independent registered public
accounting firm that audits the Company's annual consolidated
financial statements and reviews the Company's quarterly
consolidated financial statements, the Company has been unable to
complete its annual report on Form 10-K for the year ended
Dec. 31, 2013, and quarterly report on Form 10-Q for the period
ended March 31, 2014.

                        About Nord Resources

Based in Tuczon, Arizona, Nord Resources Corporation
(TSX:NRD/OTCBB:NRDS.OB) -- http://www.nordresources.com/-- is a
copper mining company whose primary asset is the Johnson Camp
Mine, located approximately 65 miles east of Tucson, Arizona.
Nord commenced mining new ore in February 2009.

On June 2, 2010, Nord Resources appointed FTI Consulting to advise
on refinancing structures and strategic alternatives.

Nord Resources disclosed a net loss of $10.25 million on $8.14
million of net sales for the year ended Dec. 31, 2012, as compared
with a net loss of $10.31 million on $14.48 million of net sales
in 2011.  The Company's balance sheet at Sept. 30, 2013, showed
$49.02 million in total assets, $73.40 million in total
liabilities and a $24.38 million total stockholders' deficit.

Mayer Hoffman McCann P.C., in Denver, Colorado, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company reported net losses of ($10,254,344) and
($10,316,294) during the years ended Dec. 31, 2012, and 2011,
respectively.  In addition, as of Dec. 31, 2012 and 2011, the
Company reported a deficit in net working capital of ($57,999,677)
and ($51,783,180), respectively.  The Company's significant
historical operating losses, lack of liquidity, and inability to
make the requisite principal and interest payments due under the
terms of the Amended and Restated Credit Agreement with its senior
lender raise substantial doubt about its ability to continue as a
going concern.

                        Bankruptcy Warning

"The Company's continuation as a going concern is dependent upon
its ability to refinance the obligations under the Credit
Agreement with Nedbank, the Copper Hedge Agreement with Nedbank
Capital, and the note payable with Fisher, thereby curing the
current state of default under the respective agreements.  Any
actions by Nedbank, Nedbank Capital or Fisher Industries to
enforce their respective rights could force us into bankruptcy or
liquidation," according to the Company's annual report for the
year ended Dec. 31, 2012.


NORANDA ALUMINUM: Amends Form S-3 Prospectus With SEC
-----------------------------------------------------
Noranda Aluminum Holding Corporation, Noranda Aluminum Acquisition
Corporation and certain other subsidiaries filed an amended Form
S-3 prospectus with the U.S. Securities and Exchange Commission
relating to the offer to sell common stock, preferred stock, stock
purchase contracts, warrants, debt securities and guarantees of
debt securities.  In addition, Noranda Aluminum Acquisition
Corporation may offer and sell from time to time debt securities
or fully and unconditionally guarantee any debt securities that
the Company issues.  The registrants amended the registration
statement to delay its effective date until the registrants.

The common stock, preferred stock, stock purchase contracts,
warrants, debt securities and guarantees may be offered separately
or together, in multiple series, in amounts, at prices and on
terms that will be set forth in one or more prospectus
supplements.  Certain subsidiaries may fully and unconditionally
guarantee any debt securities that are issued.

In addition, up to 33,325,673 shares of the Company's common stock
may be offered and sold, from time to time, by Apollo and certain
of the Company's current and former executive officers, employees
and directors.

The Company will bear all costs, fees and expenses in connection
with the selling of stockholders' securities.

A full-text copy of the Form S-1/A is available for free at:

                        http://is.gd/aT3P2C

                      About Noranda Aluminum

Noranda Aluminum Holding Corporation --
http://www.norandaaluminum.com/-- is a North American integrated
producer of value-added primary aluminum products, as well as high
quality rolled aluminum coils.  The Company has two businesses, an
upstream and downstream business.  The primary metals, or upstream
business, produced approximately 261,000 metric tons of primary
aluminum in 2008.  The rolling mills, or downstream business, are
one of the largest foil producers in North America and a major
producer of light gauge sheet products.  Noranda Aluminum Holding
Corporation is a private company owned by affiliates of Apollo
Management, L.P.

As reported by the Troubled Company Reporter on July 17, 2009,
Standard & Poor's Ratings Services raised its corporate credit
rating on Noranda Aluminum Holding Corp. to 'CCC+' from 'SD'.  The
outlook is developing.
                            *    *    *

As reported by the TCR on March 11, 2014, Moody's Investors
Service downgraded Noranda Aluminum Acquisition Corporation's
corporate family rating to B3 from B2 and probability of default
rating to B3-PD from B2-PD.  The downgrade to a B3 corporate
family rating considers the company's weak debt protection metrics
and high leverage as evidenced by its negative EBIT/interest
coverage ratio at December 31, 2013 and debt/EBITDA ratio of 9.3x
(all using Moody's standard adjustments).

In the Feb. 27, 2013, edition of the TCR, Standard & Poor's
Ratings Services said it affirmed its 'B' corporate credit rating
on Franklin, Tenn.-based Noranda Aluminum Holding Corp. (Noranda).


PINNACLE FOODS: S&P Maintains 'B+' Rating on CreditWatch Positive
-----------------------------------------------------------------
Standard & Poor's Ratings Services maintained its 'B+' ratings on
Pinnacle Foods Inc. on CreditWatch with positive implications,
where they had been placed May 12, 2014.

The ratings remain on CreditWatch following The Hillshire Brands
Co.'s announcement that it has received a unilateral binding offer
from Tyson Foods Inc. for $63 per share (BBB/Watch Neg/--).  S&P
understands that the offer is subject to Hillshire Brands being
released from its existing agreement to acquire Pinnacle.

Assuming the acquisition is terminated, Pinnacle will receive a
$163 million break-up fee from Hillshire, and S&P expects to
affirm its ratings on the company and remove them from CreditWatch
with positive implications.  Tyson's offer remains in place until
the earlier of the termination of the Pinnacle merger agreement or
Dec. 12, 2014.

"We expect to resolve the CreditWatch upon termination of the
acquisition agreement," said Standard & Poor's credit analyst Bea
Chiem.


RADIOSHACK CORP: Eight Directors Elected at Annual Meeting
----------------------------------------------------------
Radioshack Corporation held its annual meeting of shareholders at
the Norris Conference Centers in Fort Worth, Texas, on June 3,
2014, at which the shareholders elected Robert E. Abernathy, Frank
J. Belatti, Julie A. Dobson, Daniel R. Feehan, Eugene Lockhart,
Joseph C. Magnacca, Jack L. Messman, and Edwina D. Woodbury as
directors to serve for the ensuing year.  The shareholders also
ratified the appointment of PricewaterhouseCoopers, LLP, as
independent registered public accounting firm for the Company's
2015 fiscal year and approved, on a non-binding advisory basis,
the compensation paid to the named executive officers.

                    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.


RESTORGENEX CORP: Transfers $1.3MM to ASC for Distribution
----------------------------------------------------------
Restorgenex Corporation entered into an amendment to settlement
agreement and stipulation with ASC Recap LLC pursuant to which the
Company agreed to transfer to ASC $1,266,400 for distribution to
certain of the Company's creditors and pay to ASC its settlement
fee of $300,000.  These payments (together with previous payments
in an aggregate amount of $598,985) will settle $1,865,368 in
claims owed to ASC under a Settlement Agreement and Stipulation
dated Sept. 23, 2013.  In return, ASC will return to the Company
for cancellation 99,332 shares of the Company's common stock
currently held by ASC.  A copy of the Amendment to Settlement
Agreement and Stipulation is available at http://is.gd/VlwnfP

On June 9, 2014, the Company entered into a Severance Agreement
and General Release with John Moynahan, the Company's former chief
financial officer pursuant to which the Company and Mr. Moynahan
agreed on the amount of back wages, unpaid expenses and severance
payment.  The agreement also provided that the Company will use
its best efforts to finalize, in a timely manner, a consulting
agreement with Mr. Moynahan at an hourly rate of $175 for hours
worked on behalf of the Company.

Effective June 9, 2014, RestorGenex Corporation entered into an
Employment Agreement with Tim Boris pursuant to which Mr. Boris
was engaged to continue to act as general counsel and vice
president of legal.  The Boris Employment Agreement is for an
initial term of one year.  Mr. Boris is to receive a base salary
at an annual rate of $235,000.  He will have the opportunity to
earn a bonus of up to 30 percent of his annual base salary as
determined by the Company's Board of Directors.  He will also
receive an initial grant of 5-year options to purchase 76,795
shares at an exercise price of $4.15 per share which will vest
quarterly over a three-year period.

Effective June 3, 2014, the Company granted to these officers the
following options:

   (a) Yael Schwartz, the president of the Company's Canterbury
       and Hygeia divisions, options to purchase 115,193 shares;

   (b) David Sherris, the president of the Company's Paloma and
       VasculoMedics divisions and chief scientific officer,
       options to purchase 115,193 shares; and

   (c) Craig Abolin, vice president of Research and Development of
       the Company's Canterbury and Hygeia divisions, options to
       purchase 76,795 shares.

The Company also granted to Tim Boris, the Company's general
counsel and vice president of legal, options to purchase 76,795
shares.  All of the options are for a term of five years at an
exercise price of $4.15 per share and vest quarterly over a three-
year period.

Effective June 3, 2014, pursuant to the terms of four Convertible
Promissory Notes of the Company issued to Sol J. Barer, the Barer
Notes (principal plus accrued interest) were converted into an
aggregate of 552,738 shares of the Company's common stock and
warrants to purchase 355,699 shares with an exercise price of
$2.00 per share.  The aggregate principal amount of the Barer
Notes was $1,050,000.  The issuance of the Company's securities in
connection with the conversions was exempt from registration under
the Securities Act of 1933, as amended pursuant to exemptions from
registration provided by Rule 506 of Registration D and Section
4(a)(2) o the Act.

                          About RestorGenex

RestorGenex Corporation operates as a biopharmaceutical company.
It focuses on dermatology, ocular disease, and women's health
areas.  The company was formerly known as Stratus Media Group,
Inc., and changed its name to RestorGenex Corporation in March
2014.  RestorGenex Corporation is based in Los Angeles,
California.

Stratus Media disclosed a net loss of $6.84 million on $374,542 of
total revenues for the year ended Dec. 31, 2012, as compared with
a net loss of $23.63 million on $570,476 of total revenues for the
year ended Dec. 31, 2011.  The Company's balance sheet at
March 31, 2013, showed $2.18 million in total assets, $21.92
million in total liabilities and a $19.73 million total
shareholders' deficit.

Goldman Kurland and Mohidin LLP, in Encino, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that Stratus Media has suffered recurring losses
and has negative cash flow from operations which conditions raise
substantial doubt as to the ability of the Company to continue as
a going concern.


RITE AID: BlackRock Reports $4.8% Equity Stake
----------------------------------------------
BlackRock, Inc., disclosed in an amended Schedule 13G filed with
the U.S. Securities and Exchange Commission that as of May 31,
2014, it beneficially owned 46,804,558 shares of common stock of
Rite Aid Corp. representing 4.8 percent of the shares outstanding.
BlackRock previously held 55,978,009 shares at Dec. 31, 2013.  A
copy of the regulatory filing is available for free at:

                         http://is.gd/RYBwtx

                          About Rite Aid Corp.

Drugstore chain Rite Aid Corporation (NYSE: RAD) --
http://www.riteaid.com/-- based in Camp Hill, Pennsylvania, is
one of the nation's leading drugstore chains with 4,626 stores in
31 states and the District of Columbia.

Rite Aid disclosed net income of $118.10 million on $25.39 billion
of revenue for the year ended March 2, 2013, as compared with a
net loss of $368.57 million on $26.12 billion of revenue for the
year ended March 2, 2012.  As of Nov. 30, 2013, the Company had
$7.13 billion in total assets, $9.36 billion in total liabilities
and a $2.22 billion total stockholders' deficit.

                           *     *     *

As reported by the TCR on March 1, 2013, Moody's Investors Service
upgraded Rite Aid Corporation's Corporate Family Rating to B3 from
Caa1 and Probability of Default Rating to B3-PD from Caa1-PD.  At
the same time, the Speculative Grade Liquidity rating was revised
to SGL-2 from SGL-3.  This rating action concludes the review for
upgrade initiated on Feb. 4, 2013.

As reported by the TCR on Oct. 2, 2013, Standard & Poor's Ratings
Services said it raised its ratings on Rite Aid Corp., including
the corporate credit rating, which S&P raised to 'B' from 'B-'.

In the April 21, 2014, edition of the TCR, Fitch Ratings has
upgraded its ratings on Rite Aid Corporation (Rite Aid), including
its Issuer Default Rating (IDR) to 'B' from 'B-'.  The upgrades
reflect the material improvement in the company's operating
performance, credit metrics and liquidity profile over
the past 24 months.


ROCKWELL MEDICAL: Expects to Get $2.2-Mil. PDUFA Fee Refund
-----------------------------------------------------------
Rockwell Medical, Inc., has won its appeal for size determination
as a small business and is now working with the U.S. Food & Drug
Administration (FDA) to have its $2.2 million PDUFA User Fee for
filing its New Drug Application (NDA) for Triferic refunded.
Rockwell expects to receive a check for $2.2 million from the
Department of Treasury.  Triferic is the Company's iron-
replacement drug for treating iron deficiency in chronic kidney
disease patients receiving hemodialysis.

Rockwell's NDA for Triferic was accepted for filing by the FDA on
May 28, 2014.  The acceptance of the NDA indicates the
determination by the FDA that the application is sufficiently
complete to permit a substantive review.  The NDA will be subject
to a standard review and will have a Prescription Drug User Fee
Act (PDUFA) action date of Jan. 24, 2015.  The PDUFA action date
is the goal date for the FDA to complete its review of the NDA.

The Company's NDA seeks approval for the marketing and sale of
Triferic as an iron replacement therapy for the treatment of iron
loss or iron deficiency to maintain hemoglobin in adult patients
with hemodialysis-dependent stage 5 chronic kidney disease (CKD
5HD).  Included in the NDA filing are safety and efficacy data
sets derived from the Company's Phase 3 registration program, as
well as safety and efficacy data from several additional studies
comprising the entire clinical program.  During the clinical
program more than 1,400 patients were treated with Triferic and
more than 100,000 individual administrations were given.  The
results from the clinical trials have shown the potential for
Triferic to be an effective and highly-differentiated iron
delivery therapy with a safety profile similar to placebo.

                           About Rockwell

Rockwell Medical, Inc. (Nasdaq: RMTI), headquartered in Wixom,
Michigan, is a fully-integrated biopharmaceutical company
targeting end-stage renal disease ("ESRD") and chronic kidney
disease ("CKD") with innovative products and services for the
treatment of iron deficiency, secondary hyperparathyroidism and
hemodialysis (also referred to as "HD" or "dialysis").

Rockwell's lead investigational drug is in late stage clinical
development for iron therapy treatment in CKD-HD patients.  It is
called Soluble Ferric Pyrophosphate ("SFP").  SFP delivers iron to
the bone marrow in a non-invasive, physiologic manner to
hemodialysis patients via dialysate during their regular dialysis
treatment.

Rockwell Medical reported a net loss of $48.78 million in 2013, a
net loss of $54.02 million in 2012 and a net loss of $21.44
million in 2011.  The Company's balance sheet at March 31, 2014,
showed $26.79 million in total assets, $30.32 million in total
liabilities and a $3.52 million total shareholders' deficit.


SAMSON RESOURCES: S&P Rates Secured Reserve-Based Loan 'BB-'
------------------------------------------------------------
Standard & Poor's Ratings Services assigned a 'BB-' rating to the
senior secured reserve-based loan (RBL) facility of Tulsa, Okla.-
based exploration and production company (E&P) Samson Resources
Inc.  S&P assigned a '1' recovery rating to this debt, reflecting
its expectation of very high (90% to 100%) recovery in the event
of a payment default.  S&P also raised the second-lien debt rating
on the company to 'B' (the same as the corporate credit rating),
from 'B-', and changed the recovery rating to '4', indicating
S&P's expectation of average (30% to 50%) recovery in the event of
a payment default, from '5'.  The rating on the company's
unsecured debt remains 'CCC+' (two notches lower than the
corporate credit rating).  The recovery rating on this debt
remains '6', indicating S&P's expectation of negligible (0% to
10%) recovery in the event of a payment default.

The rating action on the second-lien term loan is primarily driven
by the lower borrowing base under the company's RBL facility,
which S&P assumes is fully drawn in its simulated default
scenario.  S&P also considered a higher valuation based on a
company-provided PV-10 reflecting year-end 2013 reserves.  Samson
entered into an RBL credit facility amendment with its lenders.
Under the terms of this amendment, Samson received a temporary
waiver under its total leverage covenant through the end of 2015
and the borrowing base was reduced to $1 billion, from $1.725
billion.

S&P considers Samson's business risk profile to be "weak' and the
financial risk profile to be "highly leveraged."  The ratings
incorporate the company's exposure to weaker natural gas prices,
its focus on development in some unproven properties in the Rocky
Mountains, and substantial turnover of management in recent years.
Only partially mitigating these weaknesses is what S&P views as
the company's "adequate" liquidity position.

RATINGS LIST

Samson Resources Corp.
Corporate credit rating                         B/Stable/--

New Ratings
Samson Resources Corp.
Sr secd reserve-based loan facility            BB-
  Recovery rating                               1

Issue Rating Raised; Recovery Rating Revised
                                                To        From
Samson Resources Corp.
Second-lien debt rating                        B         B-
  Recovery rating                               4         5


SEARS METHODIST: Seeks Bankruptcy Protection
--------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
Sears Methodist Retirement System Inc. filed for Chapter 11
bankruptcy protection to deal with some $160 million worth of
funded debt obligations attached to its operations, which include
senior living communities and homes for veterans.

According to the report, the Texas nonprofit organization is
asking the U.S. Bankruptcy Court in Dallas to authorize it to
quickly borrow $600,000 from existing bondholders, warning that it
would be forced to cease operations without access to the funds.

Sears Methodist blamed the declining property market for some of
its troubles, the report related.  Older people are having trouble
selling their homes and liquidating their stock portfolios to
raise the money for the upfront payment to get into the senior-
living communities, the report said, citing court papers.


SOLAR POWER: Amends Purchase Agreement with Robust Elite
--------------------------------------------------------
As previously disclosed, on April 30, 2014, Solar Power, Inc.,
entered into a purchase agreement with certain non-U.S. investors
whereby the Company agreed to sell and the investors agreed to
purchase 135,937,500 shares of the Company's common stock at $0.16
per share for an aggregate purchase price of $21,750,000.

On June 3, 2014, the Company and one of the non-U.S. investors
agreed to amend the purchase agreement with respect to its
investment in the Company to change a portion of the securities
purchased from the Company from common stock to an $11 million
convertible bond that may be converted into shares of Common Stock
at $0.16 per share under certain conditions.  The convertible bond
is due and payable on April 29, 2015, and the Company has the
option to extend the maturity date by two years.  The holder may
convert the convertible bond any time after (i) six months from
the issuance date, (ii) the issuance by the Company of 46,517,812
or more of shares of the Company's common stock, or (iii) the
Company declares a cash dividend.  In the event of default as
defined in the convertible bond, the investor may declare the
entire principal amount under the convertible bond immediately due
and payable.

A copy of the Amendment to Purchase Agreement between Robust Elite
Limited is available for free at http://is.gd/LficnC

                          About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility ("SEF") developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power reported a net loss of $32.24 million in 2013
following a net loss of $25.42 million in 2012.  As of Dec. 31,
2013, the Company had $70.96 million in total assets, $73.83
million in total liabilities and a $2.86 million total
stockholders' deficit.

Crowe Horwath LLP, in San Francisco, California, 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 current year net loss of $32.2
million, has an accumulated deficit of $56.1 million, has
experienced a significant reduction in working capital, has past
due related party accounts payable and a debt facility under which
a bank has declared amounts immediately due and payable.
Additionally, the Company's parent company LDK Solar Co., Ltd has
experienced significant financial difficulties including the
filing of a winding up petition on Feb. 24, 2014.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern.


SPECIALTY HOSPITAL: U.S. Trustee Names 3-Member Creditors' Panel
----------------------------------------------------------------
Judy A. Robbins, U.S. Trustee for Region 4, notified the U.S.
Bankruptcy Court for the District of Columbia that the following
creditors have been appointed as members of the Official Committee
of Unsecured Creditors in the Chapter 11 cases of Specialty
Hospital of Washington, LLC, and its debtor affiliates:

   (1) Alex Garrett
       Director of Cash Management
       Progressive Nursing Staffers of Virginia, Inc.
       5531 Hempstead Way, Ste. B
       Springfield, VA 22151
       Ph: (703) 750-1010
       Fax: (703) 750-1888
       Email: agarrett@progressivenursing.com

   (2) Donald K. Tolson
       Vice President ? Finance & Administration
       Rappahannock Goodwill Industries, Inc.
       4701 Market Street
       P.O. Box 905
       Fredericksburg, VA 22408
       Ph: (540) 371-3070
       Email: Donnie.tolson@fredgoodwill.org

   (3) Jerry Carpenter
       Director of Credit/Cash Management
       Morrison Management Specialists, Inc.
       4721 Morrison Dr, Suite 300
       Mobile, AL 36609
       Ph: (251) 461-3020
       Fax: (251) 461-3193
       Email: jerrycarpenter@iammorisson.com

The Committee is represented by:

         Valerie P. Morrison, Esq.
         Dylan G. Trache, Esq.
         John T. Farnum, Esq.
         WILEY REIN LLP
         7925 Jones Branch Drive, Suite 6200
         McLean, Virginia 22102
         Tel: (703) 905-2800
         Email: vmorrison@wileyrein.com
                dtrache@wileyrein.com
                jfarnum@wileyrein.com

                    About Specialty Hospital

Specialty Hospital of America LLC operates nursing home
facilities and long-term acute care hospitals.

On April 23, 2014, an involuntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 14-
10935) was filed against Specialty Hospitals of Washington, LLC
("SHDC").

Capitol Hill Group and five other alleged creditors who signed the
involuntary bankruptcy petition are represented by Stephen W.
Spence, Esq., at Phillips, Goldman & Spence, in Wilmington,
Delaware.  Capitol Hill Group claims to be owed $1.66 million on a
lease for non-residential real property while another creditor,
Metropolitan Medical Group, LLC, claims $837,000 for physician
services.  The petitioners assert $2.69 million in total claims.

On May 9, 2014, the Delaware court transferred the case to
Washington, D.C. (Bankr. D.C. Case No. 14-00279).

On May 21, 2014, SHDC filed an answer and consent for relief under
Chapter 11.  Also on May 21, six affiliates of SHDC, including
Specialty Hospital of America, LLC filed for Chapter 11
protection.  The U.S. Bankruptcy Court entered an order directing
the joint administration the cases under Specialty Hospital of
Washington, LLC, Case No. 14-00279.

The Debtors announced plans to sell all of their assets in
exchange for a $15 million debtor-in-possession loan from Silver
Point Capital, which will allow the Debtors to continue operating
through the bankruptcy process.

Specialty Hospital of America estimated between $10 million and
$50 million in assets and between $50 million and $100 million in
liabilities in its bankruptcy petition.

The Debtors are represented by Pillsbury Winthrop Shaw Pittman LLP
as counsel.  Alvarez and Marsal Healthcare Industry Group, LLC,
serves as the Debtors' financial advisor.  Cain Brothers &
Company, LLC, is the Debtors' investment banker.


SPECIALTY HOSPITAL: Obtains Interim DIP Loan Approval
-----------------------------------------------------
Judge S. Martin Teel, Jr., of the U.S. Bankruptcy Court for the
District of Columbia gave Specialty Hospital of Washington, LLC,
et al., interim authority to borrow $7.4 million of the $15
million postpetition financing extended by DCA Acquisitions, LLC.

On May 23, 2014, the Court denied the Debtors? original motion for
postpetition financing because it found that the interests of
Branch Banking and Trust Company in certain real property of one
of the Debtors -- the Hadley real estate -- were not adequately
protected.  Instead, that interest was to be fully primed under
the Debtors? prior motion.  The Debtors on May 26 filed a second
motion for postpetition financing that subordinated the
postpetition lender?s security interest in the Hadley real estate
to the first $4.7 million of value in that real estate, and
allowing BB&T to retain its first priority secured position in
that real estate up to that amount.

The Official Committee of Unsecured Creditors objected to the DIP
Motion, complaining, among other things, that the DIP Motion
commits the Debtors to an unreasonably short sale process, noting
that the financing is required to be re-paid within 23 days
following the Petition Date.  This schedule does not permit a
meaningful opportunity to market the Debtors? assets or possible
upset bids and should be extended, particularly given the apparent
lack of marketing performed to date, the Committee said.

The final hearing will be held on June 18, 2014, at 10:30 a.m.
(prevailing Eastern Time).  Objections to the final approval of
the DIP Motion are due June 16.

The Debtors are represented by Patrick Potter, Esq., at Pillsbury
Winthrop Shaw Pittman, LLP, in Washington, D.C.; and Andrew Troop,
Esq., at Pillsbury Winthrop Shaw Pittman, LLP, in New York.

Counsel for the DIP Lender and holder of the BB&T Debt is:

         Craig D. Hansen, Esq.,
         SQUIRE PATTON BOGGS (US) LLP
         One East Washington Street
         Suite 2700
         Phoenix, AZ 85004
         Email: craig.hansen@squirepbs.com

Counsel to the Committee is Valerie P. Morrison, Esq., and Dylan
Trache, Esq., at Wiley Rein LLP, in Washington, D.C.

The Office of the United States Trustee for the District of
Columbia, is represented by Bradley Jones, Esq. --
Bradley.D.Jones@usdoj.gov

BB&T is represented by:

         Nikolaus F. Schandlbauer, Esq.
         E. John Steren, Esq.
         OBER, KALER, GRIMES & SHRIVER, APC
         1401 H Street, N.W., Suite 500
         Washington, D.C. 20005
         Tel: (202) 326-5016
         Fax: (202) 326-5270
         Email: nfschandlbauer@ober.com
                ejsteren@ober.com

            -- and --

         Walter F. Kirkman, Esq.
         Jeffrey S. Greenberg, Esq.
         OBER, KALER, GRIMES & SHRIVER, APC
         100 Light Street
         Baltimore, Maryland 21202
         Tel: (410) 347-7387
         Fax: (410) 263-7587
         Email: jsgreenberg@ober.com

                    About Specialty Hospital

Specialty Hospital of America LLC operates nursing home
facilities and long-term acute care hospitals.

On April 23, 2014, an involuntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 14-
10935) was filed against Specialty Hospitals of Washington, LLC
("SHDC").

Capitol Hill Group and five other alleged creditors who signed the
involuntary bankruptcy petition are represented by Stephen W.
Spence, Esq., at Phillips, Goldman & Spence, in Wilmington,
Delaware.  Capitol Hill Group claims to be owed $1.66 million on a
lease for non-residential real property while another creditor,
Metropolitan Medical Group, LLC, claims $837,000 for physician
services.  The petitioners assert $2.69 million in total claims.

On May 9, 2014, the Delaware court transferred the case to
Washington, D.C. (Bankr. D.C. Case No. 14-00279).

On May 21, 2014, SHDC filed an answer and consent for relief under
Chapter 11.  Also on May 21, six affiliates of SHDC, including
Specialty Hospital of America, LLC filed for Chapter 11
protection.  The U.S. Bankruptcy Court entered an order directing
the joint administration the cases under Specialty Hospital of
Washington, LLC, Case No. 14-00279.

The Debtors announced plans to sell all of their assets in
exchange for a $15 million debtor-in-possession loan from Silver
Point Capital, which will allow the Debtors to continue operating
through the bankruptcy process.

Specialty Hospital of America estimated between $10 million and
$50 million in assets and between $50 million and $100 million in
liabilities in its bankruptcy petition.

The Debtors are represented by Pillsbury Winthrop Shaw Pittman LLP
as counsel.  Alvarez and Marsal Healthcare Industry Group, LLC,
serves as the Debtors' financial advisor.  Cain Brothers &
Company, LLC, is the Debtors' investment banker.


SPECIALTY HOSPITAL: Can Proceed with June 23 Auction
----------------------------------------------------
Judge S. Martin Teel, Jr., of the U.S. Bankruptcy Court for the
District of Columbia approved Specialty Hospital of Washington,
LLC, et al.'s auction and bidding procedures in connection with
the sale of substantially all of their assets.

The Debtors and its DIP Lender, DCA Acquisitions, LLC, has a
stalking horse purchase agreement under which the DIP Lender
agreed to purchase the the Debtors' assets for: (a) a $15 million
DIP loan term facility to be credit-bid by the Purchaser at
closing; plus (b) the assumption of certain liabilities; plus (c)
an amount not to exceed $200,000 to conduct the orderly wind-down
or dismissal of the bankruptcy cases following the sale
contemplated by the Transaction; plus (d) at the discretion of the
stalking horse purchaser, an amount up to $10,000,000 of the BB&T
Debt.

The deadline for submitting a qualified bid is June 20.  The bid
value of competing bids must be greater than or equal to (i) the
Total Transaction Value, plus (ii) $1.5 million to serve as break-
up in case the stalking horse purchaser is not selected as the
winning bidder, plus (iii) expense reimbursement, plus (iv)
$100,000.

If the Debtors receive at least one qualified bid in addition to
the stalking horse purchaser's existing qualified bid, an auction
will be conducted on June 23, at 10:00 a.m. (prevailing Eastern
Time).  The sale hearing will be held on June 25.  Objections are
due June 24.

Branch Banking and Trust Company, which holds an interest in one
of the Debtors' real property, complained that a sale of the
Debtors' assets "free and clear" of all liens cannot occur under
the circumstances present in the Chapter 11 cases.  BB&T pointed
out that there was an absence of any meaningful discussion of the
nature and extent of the assets being sold.

The Debtors are represented by Patrick Potter, Esq., at Pillsbury
Winthrop Shaw Pittman LLP, in Washington, D.C.; and Andrew Troop,
Esq., at Pillsbury Winthrop Shaw Pittman LLP, in New York.

The Stalking Horse Purchaser is represented by Craig D. Hansen,
Esq., at Squire Patton Boggs LLP, in Phoenix, Arizona.

BB&T is represented by Nikolaus F. Schandlbauer, Esq., and E. John
Steren, Esq., at Ober, Kaler, Grimes & Shriver, in Washington,
D.C.; and Jeffrey S. Greenberg, Esq., and Walter F. Kirkman, Esq.,
at Ober, Kaler, Grimes & Shriver, in Baltimore, Maryland.

                    About Specialty Hospital

Specialty Hospital of America LLC operates nursing home
facilities and long-term acute care hospitals.

On April 23, 2014, an involuntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 14-
10935) was filed against Specialty Hospitals of Washington, LLC
("SHDC").

Capitol Hill Group and five other alleged creditors who signed the
involuntary bankruptcy petition are represented by Stephen W.
Spence, Esq., at Phillips, Goldman & Spence, in Wilmington,
Delaware.  Capitol Hill Group claims to be owed $1.66 million on a
lease for non-residential real property while another creditor,
Metropolitan Medical Group, LLC, claims $837,000 for physician
services.  The petitioners assert $2.69 million in total claims.

On May 9, 2014, the Delaware court transferred the case to
Washington, D.C. (Bankr. D.C. Case No. 14-00279).

On May 21, 2014, SHDC filed an answer and consent for relief under
Chapter 11.  Also on May 21, six affiliates of SHDC, including
Specialty Hospital of America, LLC filed for Chapter 11
protection.  The U.S. Bankruptcy Court entered an order directing
the joint administration the cases under Specialty Hospital of
Washington, LLC, Case No. 14-00279.

The Debtors announced plans to sell all of their assets in
exchange for a $15 million debtor-in-possession loan from Silver
Point Capital, which will allow the Debtors to continue operating
through the bankruptcy process.

Specialty Hospital of America estimated between $10 million and
$50 million in assets and between $50 million and $100 million in
liabilities in its bankruptcy petition.

The Debtors are represented by Pillsbury Winthrop Shaw Pittman LLP
as counsel.  Alvarez and Marsal Healthcare Industry Group, LLC,
serves as the Debtors' financial advisor.  Cain Brothers &
Company, LLC, is the Debtors' investment banker.


SPECIALTY HOSPITAL: Cases Jointly Administered in D.C.
------------------------------------------------------
Specialty Hospital of America LLC and its affiliates sought and
obtained an order authorizing joint administration of their
Chapter 11 cases under Lead Case No. 14-00279 of Specialty
Hospitals of Washington, LLC.

The Debtors noted that joint administration will not adversely
affect creditors' rights because the motion requested only the
administrative consolidation of the estates, not substantive
consolidation.  As such, creditors may still file claims against
each Debtor's estates.

According to the docket, governmental entities have until Nov. 17,
2014 to file proofs of claim.  The appointment of a health care
ombudsman is due by June 20, 2014.

Counsel for the Debtors can be reached at:

         Patrick Potter, Esq.
         Jerry Hall, Esq.
         Dania Slim, Esq.
         PILLSBURY WINTHROP SHAW PITTMAN LLP
         2300 N Street, NW
         Washington, DC 20037-1122
         Telephone: (202) 663-8000
         Facsimile: (202) 663-8007
         E-mail: patrick.potter@pillsburylaw.com
                 jerry.hall@pillsburylaw.com
                 dania.slim@pillsburylaw.com

              - and -

         Andrew M. Troop, Esq.
         PILLSBURY WINTHROP SHAW PITTMAN LLP
         1540 Broadway
         New York, NY 10036-4039
         Telephone: (212) 858-1000
         Facsimile: (212) 858-1500
         E-mail: andrew.troop@pillsburylaw.com

                    About Specialty Hospital

Specialty Hospital of America LLC operates nursing home
facilities and long-term acute care hospitals.

On April 23, 2014, an involuntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 14-
10935) was filed against Specialty Hospitals of Washington, LLC
("SHDC").

Capitol Hill Group and five other alleged creditors who signed the
involuntary bankruptcy petition are represented by Stephen W.
Spence, Esq., at Phillips, Goldman & Spence, in Wilmington,
Delaware.  Capitol Hill Group claims to be owed $1.66 million on a
lease for non-residential real property while another creditor,
Metropolitan Medical Group, LLC, claims $837,000 for physician
services.  The petitioners assert $2.69 million in total claims.

On May 9, 2014, the Delaware court transferred the case to
Washington, D.C. (Bankr. D.C. Case No. 14-00279).

On May 21, 2014, SHDC filed an answer and consent for relief under
Chapter 11.  Also on May 21, six affiliates of SHDC, including
Specialty Hospital of America, LLC filed for Chapter 11
protection.  The U.S. Bankruptcy Court entered an order directing
the joint administration the cases under Specialty Hospital of
Washington, LLC, Case No. 14-00279.

The Debtors announced plans to sell all of their assets in
exchange for a $15 million debtor-in-possession loan from Silver
Point Capital, which will allow the Debtors to continue operating
through the bankruptcy process.

Specialty Hospital of America estimated between $10 million and
$50 million in assets and between $50 million and $100 million in
liabilities in its bankruptcy petition.

The Debtors are represented by Pillsbury Winthrop Shaw Pittman LLP
as counsel.  Alvarez and Marsal Healthcare Industry Group, LLC,
serves as the Debtors' financial advisor.  Cain Brothers &
Company, LLC, is the Debtors' investment banker.


TRANS-LUX CORP: Receives $200,000 in Financing From Chairman
------------------------------------------------------------
Trans-Lux Corporation executed a promissory note in favor of
George Schiele, pursuant to which Mr. Schiele will loan $200,000
to the Company in order to provide the Company with temporary
financing.  Mr. Schiele is the Chairman of the Board of Directors
of the Company.

The Note bears interest at the rate of ten percent per annum and
has a maturity date of July 1, 2014, with a bullet payment of all
principal and accrued interest due at such time; provided,
however, that the parties may agree in writing to convert or
exchange all or any part of the Note into a long term investment
by Schiele in Trans-Lux.  In the event the parties engage in a
Conversion Transaction, all amounts due under the Note will be
payable in accordance with the terms of the documentation executed
by the parties in connection with such Conversion Transaction, if
any.  As of June 6, 2014, the net proceeds in the amount of
$200,000 were received from Mr. Schiele.  The funds were used for
working capital and general corporate purposes.

                     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.


STELLAR BIOTECHNOLOGIES: Hires Moss Adams as New Auditor
--------------------------------------------------------
Upon the advice of the Audit Committee, the Board of Directors of
Stellar Biotechnologies, Inc., resolved on June 3, 2014, that
the resignation of D&H Group LLP, Chartered Accountants, on
June 3, 2014, as auditor of the Company be accepted, and Moss
Adams LLP, Certified Public Accountants, be appointed as auditor
of the Company to be effective June 3, 2014, to hold office until
the next annual meeting at a remuneration to be fixed by the
directors.

The Company confirmed that D&H Group LLP, Chartered Accountants,
resigned on its own initiative as auditor of the Company.

D&H Group LLP, Chartered Accountants, has not expressed any
reservation in its reports for the two most recently completed
fiscal years of the Company, nor for the period from the most
recently completed period for which D&H Group LLP, Chartered
Accountants, issued an audit report in respect of the Company and
the date of this Notice.

                            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.


TUSCANY INT'L: Court Confirms Amended Joint Plan of Reorganization
------------------------------------------------------------------
Tuscany International Drilling Inc. on June 10 disclosed that the
First Amended Joint Plan of Reorganization for Tuscany and Tuscany
International Holdings (U.S.A.) Ltd. under Chapter 11 of the
United States Bankruptcy Code dated May 19, 2014 was confirmed by
order of the United States Bankruptcy Court for the District of
Delaware on May 21, 2014.  The Confirmation Order was recognized
and given full effect in Canada by order of the Court of Queen's
Bench of Alberta, Judicial District of Calgary granted on May 22,
2014.

Certain steps to be undertaken in connection with consummation of
the Chapter 11 Plan have been implemented with the result that the
Effective Date, as defined therein, has occurred.  In particular,
Tuscany's lenders have acquired Tuscany's assets under and
pursuant to the provisions of the asset purchase agreement dated
April 8, 2014 by and between the Company, as seller, and Tuscany
Holdings GP, LLC and Tuscany Limited Partnership, newly formed
entities that are controlled by the Company's senior secured
lenders, as buyer.

Tuscany Holdings, through its new management team, will operate
the Company's previous Colombian and Ecuadorian businesses.
Tuscany Holdings has issued today the attached press release
announcing its acquisition of TID's Colombian and Ecuadorian
assets.

Pursuant to the Chapter 11 Plan, as of June 9, 2014, each of the
officers and members of the board of directors of Tuscany and the
Affiliate Debtor have resigned, and FTI Consulting Canada Inc. has
been appointed as Plan Administrator.  Pursuant to the Chapter 11
Plan, Tuscany has filed Articles of Amendment to permit it to
redeem all of its current issued and outstanding common shares for
nominal value.  Pursuant to the Chapter 11 Plan, there will be no
recoveries to existing shareholders of Tuscany beyond any
recoveries as contemplated by the Chapter 11 Plan.

A copy of the Chapter 11 Plan and related documents is available
for free from the Prime Clerk website at
http://cases.primeclerk.com/tuscany/

For further information on developments concerning and documents
relating to the Company's proceedings under Chapter 11 of the
United States Bankruptcy Code, please refer to the website of
Prime Clerk LLC, the administrative advisor, at
http://cases.primeclerk.com/tuscany/

                   About Tuscany International

Tuscany International Holdings (U.S.A.) Ltd. and Tuscany
International Drilling Inc. sought protection from creditors under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 14-10193) in Delaware on Feb. 2, 2014.

Tuscany also commenced ancillary proceedings in the Court
of Queen's Bench of Alberta under the Companies' Creditors
Arrangement Act.

Pursuant to a restructuring support agreement with prepetition
lenders holding 95% of the prepetition loans, the Debtors have
agreed to sell substantially all of the assets of TID to lenders
in exchange for a credit bid of certain of their debt, effectuated
through a plan of reorganization.

Headquartered in Calgary, Alberta, Tuscany is engaged in the
business of providing contract drilling and work-over services
along with equipment rentals to the oil and gas industry.  Tuscany
is currently focused on providing services to oil and natural gas
operators in South America.  Tuscany has operating centers in
Colombia, Brazil, and Ecuador.  The Debtor disclosed $414,624,292
in assets and $207,332,530 in liabilities as of the Chapter 11
filing.

The Colombian and Brazilian businesses are operated by certain
non-debtor affiliates, while the Ecuador business is operated by
branch office of debtor TID.  As of the Petition Date, Tuscany
entities owned 26 rigs, of which 12 are located in Colombia, nine
in Brazil and five in Ecuador.  Of the 26 rigs, 15 were contracted
and operational as of the Petition Date and five were directly
owned by the Debtors.

Latham & Watkins LLP's Mitchell A. Seider, Esq., Keith A. Simon,
Esq., David A. Hammerman, Esq., and Annemarie V. Reilly, Esq.; and
Young Conaway Stargatt & Taylor, LLP's Michael R. Nestor, Esq.,
and Kara Hammond Coyle, Esq., serve as the Debtors' co-counsel.
FTI Consulting Canada, Inc.'s Deryck Helkaa is the chief
restructuring officer.  Prime Clerk LLC is the claims and notice
agent, and administrative agent.  McCarthy Tetrautt LLP is the
special Canadian counsel.  Deloitte & Touche LLP provides tax
services.  GMP Securities, LLC serves as investment banker.

The Debtors' plan of reorganization dated March 3, 2014, proposes
that a newly-formed entity organized by certain prepetition
lenders will credit bid a principal amount of the Prepetition
Credit Agreement Claims or DIP Facility Claims to be determined in
exchange for all or substantially all of the assets of the HoldCo.
The Bankruptcy Court has entered an order approving the bidding
procedures for the sale of all or any portion of the Debtors'
assets or the new capital stock of Reorganized HoldCo, as
reorganized under the Plan.  These bidding procedures are to be
utilized by the Debtors in the postpetition sale process in an
effort to secure the highest or otherwise best offer for the sale
of the Debtors' businesses.

The U.S. Trustee said that an official committee of unsecured
creditors has not been appointed in the Debtors' cases.

An Official Committee of Equity Security Holders has been
appointed in the case.  The Equity Committee has tapped as
bankruptcy counsel Adam G. Landis, Esq., Kerri K. Mumford, Esq.,
James S. Green Jr., Esq., J. Landon Ellis, Esq., and Joseph D.
Wright, Esq., at Landis Rath & Cobb LLP.


TUSCANY INT'L: Tuscany Holdings Completes Purchase of Assets
------------------------------------------------------------
Tuscany Holdings GP, LLC and Tuscany Limited Partnership on
June 10 disclosed that the Company has purchased substantially all
of the assets of Tuscany International Drilling, Inc., a provider
of contract drilling, completion and workover services, marking
TID's emergence from the Chapter 11 bankruptcy process.  Tuscany
Holdings' corporate offices are now located in Bogota, Colombia
with country management teams reporting to the new corporate team
led by Aramis Guerra, a seasoned drilling and oilfield services
executive with extensive experience operating in Latin America and
the Middle East.

Investors including Credit Suisse AG, Cayman Islands Branch and
certain funds managed by Monarch Alternative Capital LP led the
acquisition of the equity interests in the core Colombian and
Ecuadorian operating entities.  Tuscany Holdings' balance sheet
demonstrates improved strength and stability by significantly
reducing leverage and increasing liquidity through a new money
loan.

"We move forward from this process with a sound balance sheet, a
talented leadership team and the support of a strong and
experienced board," said Tuscany Holdings' Chief Executive Officer
Aramis Guerra.  "We are very well positioned for the future, with
a supportive ownership group dedicated to the long-term success of
the Company, and a capital structure that will enable us to
realize our operational improvements and growth initiatives.  With
the support of our employees, customers and suppliers in the
communities we serve, we emerge from this process as a strong and
well positioned provider of oilfield services."

"Tuscany International Drilling completed the sale of its African
operations in January 2014.  Tuscany Holdings is a more
streamlined operation focused on the most attractive operating
units of former Tuscany International Drilling.  This will allow
the Company to drive operational performance," said Julio Torres,
a member of Tuscany Holdings' board of directors.  "With a
significantly improved debt structure, the financial position now
better reflects the Company's operating strength.  Tuscany
Holdings is again able to provide high quality, reliable services
to customers who appreciate long term relationships."

"The new equity holders would like to thank the management team,
employees and advisors who helped in this successful balance sheet
restructuring," stated Zachary Lewis of Monarch, an equity partner
in Tuscany Holdings, who is a member of its board of directors.
"We view this transaction as transformational, positioning Tuscany
Holdings for continued operational excellence and growth."

                  About Tuscany Holdings GP, LLC

Tuscany Holdings GP, LLC, is a Delaware limited liability company
that acts as general partner of Tuscany Limited Partnership, an
Alberta limited partnership.  Tuscany Holdings' onshore rig fleet
is comprised of 17 technologically advanced drilling and workover
rigs, including 12 rigs in Colombia and 5 rigs in Ecuador.

Tuscany Holdings provides contract drilling, completion and
workover services to oil and gas companies active in the
exploration, development and production of oil and gas reserves
throughout South America.  Tuscany Holdings is based in Bogota,
Colombia.

                   About Tuscany International

Tuscany International Holdings (U.S.A.) Ltd. and Tuscany
International Drilling Inc. sought protection from creditors under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 14-10193) in Delaware on Feb. 2, 2014.

Tuscany also commenced ancillary proceedings in the Court
of Queen's Bench of Alberta under the Companies' Creditors
Arrangement Act.

Pursuant to a restructuring support agreement with prepetition
lenders holding 95% of the prepetition loans, the Debtors have
agreed to sell substantially all of the assets of TID to lenders
in exchange for a credit bid of certain of their debt, effectuated
through a plan of reorganization.

Headquartered in Calgary, Alberta, Tuscany is engaged in the
business of providing contract drilling and work-over services
along with equipment rentals to the oil and gas industry.  Tuscany
is currently focused on providing services to oil and natural gas
operators in South America.  Tuscany has operating centers in
Colombia, Brazil, and Ecuador.  The Debtor disclosed $414,624,292
in assets and $207,332,530 in liabilities as of the Chapter 11
filing.

The Colombian and Brazilian businesses are operated by certain
non-debtor affiliates, while the Ecuador business is operated by
branch office of debtor TID.  As of the Petition Date, Tuscany
entities owned 26 rigs, of which 12 are located in Colombia, nine
in Brazil and five in Ecuador.  Of the 26 rigs, 15 were contracted
and operational as of the Petition Date and five were directly
owned by the Debtors.

Latham & Watkins LLP's Mitchell A. Seider, Esq., Keith A. Simon,
Esq., David A. Hammerman, Esq., and Annemarie V. Reilly, Esq.; and
Young Conaway Stargatt & Taylor, LLP's Michael R. Nestor, Esq.,
and Kara Hammond Coyle, Esq., serve as the Debtors' co-counsel.
FTI Consulting Canada, Inc.'s Deryck Helkaa is the chief
restructuring officer.  Prime Clerk LLC is the claims and notice
agent, and administrative agent.  McCarthy Tetrautt LLP is the
special Canadian counsel.  Deloitte & Touche LLP provides tax
services.  GMP Securities, LLC serves as investment banker.

The Debtors' plan of reorganization dated March 3, 2014, proposes
that a newly-formed entity organized by certain prepetition
lenders will credit bid a principal amount of the Prepetition
Credit Agreement Claims or DIP Facility Claims to be determined in
exchange for all or substantially all of the assets of the HoldCo.
The Bankruptcy Court has entered an order approving the bidding
procedures for the sale of all or any portion of the Debtors'
assets or the new capital stock of Reorganized HoldCo, as
reorganized under the Plan.  These bidding procedures are to be
utilized by the Debtors in the postpetition sale process in an
effort to secure the highest or otherwise best offer for the sale
of the Debtors' businesses.

The U.S. Trustee said that an official committee of unsecured
creditors has not been appointed in the Debtors' cases.

An Official Committee of Equity Security Holders has been
appointed in the case.  The Equity Committee has tapped as
bankruptcy counsel Adam G. Landis, Esq., Kerri K. Mumford, Esq.,
James S. Green Jr., Esq., J. Landon Ellis, Esq., and Joseph D.
Wright, Esq., at Landis Rath & Cobb LLP.


U.S. VIRGIN ISLANDS: Fitch Lowers GO Bond Rating to 'BB-'
---------------------------------------------------------
Fitch Ratings has assigned a 'BBB' rating to $121.545 million U.S.
Virgin Islands (USVI) Public Finance Authority (VIPFA) bonds
(Virgin Islands gross receipts taxes [GRT] loan note) consisting
of the following:

  -- $60.77 million series 2014A (Capital Projects);
  -- $60.775 million series 2014B (Working Capital).

The bonds are expected to sell via negotiation the week of
June 16, 2014.

Additionally, Fitch takes the following actions on the ratings of
the USVI:

  -- $696.9 million in outstanding USVI VIPFA GRT bonds are
     affirmed at 'BBB';

  -- Implied general obligation (GO) bond for the USVI downgraded
     to 'BB-' from 'BB'.  There are no outstanding stand-alone GO
     bonds of the USVI.

The Rating Outlooks remain Negative.

SECURITY

The GRT revenue bonds issued by VIPFA are secured by a pledge of
GRT collections from the USVI deposited to the trustee for
bondholders prior to their use for general purposes.  The bonds
also carry a GO pledge of the USVI.

KEY RATING DRIVERS

GRT SECURITY INSULATED FROM GOVERNMENT OPERATIONS: Bonds issued by
the VIPFA and secured by the GRT have been insulated from general
fund operations through a collection process that allocates
pledged revenues to a separate escrow account.  Debt service
coverage remains satisfactory although it will be reduced by debt
service associated with the current issue combined with expected
weak future revenue trends.  The Negative Outlook on the GRT bonds
reflects the weak USVI economy and concern that the USVI will
over-leverage this revenue source.

ECONOMIC AND FINANCIAL STRAIN RESULT IN IMPLIED GO DOWNGRADE: The
downgrade of the implied GO rating to 'BB-' from 'BB' and
maintenance of the Negative Outlook reflect severely strained
fiscal operations and the intractability of longer-term fiscal
challenges that are compounded by acute economic difficulties.

WEAK FINANCIAL POSITION: Longstanding fiscal challenges worsened
in the recent downturn with sharp revenue declines, prolonged,
unresolved property tax litigation, high fixed-cost burdens, and
difficulty in reducing expenditures.  These fiscal challenges were
compounded by the closure of Hovensa, the USVI's former largest
employer and taxpayer.  The territory has relied on borrowing to
both close its operating gaps and maintain liquidity, and
financial operations are expected to remain structurally
imbalanced for the next several fiscal years.  Fitch believes
future budgeting options are limited.

HIGH DEBT AND LIABILITY BURDEN: Net tax-supported debt is
extremely high, and dedication of revenues to debt service reduces
fiscal flexibility.  Other liabilities for pensions and unpaid
retroactive salaries further weigh on the territory's limited
resources.

NARROW ECONOMY: The economy is limited, dependent on tourism and
vulnerable to disruption from natural disasters.

STABILITY FROM U.S. TERRITORY STATUS: Although the USVI enjoys
less flexibility in fiscal matters than U.S. states, the U.S.
legal and regulatory environment provides some stability.

RATING SENSITIVITIES

  -- FOR THE GRT BONDS: A reduction in expectations for GRT
     revenues; leveraging that notably reduces debt service
     coverage ratios; further economic erosion in the USVI.

  -- FOR THE IMPLIED GO RATING: Further erosion in the USVI's
     financial position and/or deterioration in the USVI's
     economy; continued issuance of working capital borrowing for
     operations; failure to stabilize pension funding.

CREDIT PROFILE

The 'BBB' rating on the GRT bonds reflects the structure's legal
protections and satisfactory coverage of debt service by pledged
revenues.  GRT bonds are secured by the USVI's pledge of GRT
revenues with all collections deposited daily to a special escrow
account.  With the exception of a small required payment for
housing, all revenues are allocated to the trustee for the benefit
of bondholders, only after which are remaining receipts available
for general purposes.  The priority claim of bondholders to GRT
collections and other structural protections insulate bondholders
from the USVI's broader fiscal stress and support a rating level
that is higher than the GO rating.

The downgrade of the implied GO rating to 'BB-' from 'BB'
incorporates the significant financial and economic pressures
faced by the USVI.  A severely unbalanced operating budget has led
to multiple years of borrowing to fund ongoing operations and
reported operating deficits; $30 million of proceeds from the
current issue are providing a second round of working capital for
the fiscal 2014 budget.  Budget imbalance is expected to remain
over the next several fiscal years as the USVI has been unable to
adjust its expenditures to incorporate a reduced revenue
structure.  The economy is limited and unemployment rates have
escalated following the large layoffs related to the Hovensa
closure in 2012.

COVERAGE OF GROSS RECEIPTS TAX BONDS REMAINS SATISFACTORY

The USVI increased the GRT tax rate to 5% from 4.5%, effective
March 1, 2012, in response to its fiscal difficulties in the
fiscal year ending Sept. 30, 2012 as well as the announced closure
in January 2012 of Hovensa, the USVI's former largest employer and
taxpayer.  The increase in rate was expected to be offset by the
economic retrenchment produced by the Hovensa closure combined
with increasing levels of debt service.  Positively, cash-basis
collections in fiscal 2012 that are certified by Ernst & Young
showed 3.5% growth from fiscal 2011, providing for continued
strong coverage on outstanding bonds.  For fiscal 2013, the first
full fiscal year of collections at the higher GRT tax rate, cash-
basis collections exhibited 1.7% growth to $153.2 million.

Senior lien debt service coverage from fiscal 2013 cash
collections was 3.57x; when including unrated, junior lien
obligations, combined debt service coverage was 3.33x that year.
Coverage of maximum annual debt service (MADS) on all GRT-secured
debt was 2.67x by fiscal 2013 revenues.  The USVI is forecasting
1.9% growth in GRT collections for fiscal 2014 although
collections through the first two quarters of the fiscal year are
down year-over-year (yoy) by 7.3%.  Fitch estimates that a 7.3%
decline in fiscal 2014 revenues would produce still solid annual
debt service coverage on senior lien debt in fiscal 2014 of 2.79x
while coverage of all-GRT debt would approximate 2.5x.  Coverage
of MADS from the Fitch-adjusted fiscal 2014 forecast indicate a
MADS coverage level of about 2.19x.

Security features include an additional bonds test requiring 1.5x
MADS coverage by historical and prospective revenues, a debt
service reserve funded at MADS, and covenants precluding tax rate
reductions or the granting of excessive tax incentives.
Additionally, should a 1.5x MADS coverage level be reached in any
12-month period, the USVI has covenanted to seek out additional
revenue to pledge to the bonds.  With the rate increase to 5% in
March 2012, the USVI amended the bond resolution to permit the GRT
rate to fall back to 4.5% should corporate income tax (CIT)
receipts reach $185 million in any fiscal year; CIT receipts are
estimated at $63 million in fiscal 2013.  The USVI and VIPFA are
ineligible to file for protection under the U.S. Bankruptcy Code.

USVI FINANCIAL AND ECONOMIC CHALLENGES EXPECTED TO CONTINUE

The downgrade of the implied GO rating to 'BB-' incorporates
Fitch's view that the USVI will continue to have difficulty
achieving ongoing structural budget balance in the context of
revenue losses due to longstanding fiscal constraints, high fixed
costs, and very high liabilities, and the loss of its largest
taxpayer and employer.  The USVI has had limited flexibility in
responding first to the economic downturn and now to an economy
that is hampered by employment losses from the Hovensa closure and
a tourism sector that is demonstrating uneven growth.  Despite
making deep spending cuts, including staffing reductions and an 8%
across the board salary cut, as well as increasing the GRT rate to
address its structural budget gap, the operating budget is
significantly unbalanced.  The USVI has also borrowed
substantially for working capital, applying proceeds to financial
operations in fiscal years 2009 through fiscal 2014; $30 million
of the proceeds from the current issue is in addition to $25
million borrowed in 2012 to fund operations in the current fiscal
year.  Borrowing for deficit financing is now estimated to account
for about 40% of all outstanding debt obligations, including bonds
issued under the matching fund revenue program.

USVI revenue collections are subject to significant volatility.
After several years of robust economic and revenue growth, general
fund revenues plummeted in the recession, with GAAP-basis fiscal
2009 falling 29% from fiscal 2008, to $687.5 million, inclusive of
borrowing for working capital and operating transfers.  Personal
and corporate income taxes were sharply lower, and further
litigation delays limited property tax collections.  The USVI
issued a number of working capital loan notes during the recession
and applied additional federal funding to operations.

For fiscal 2011, appropriations continued to exceed projected
revenues and the governor sought substantial mid-year spending
cuts and an increase in the GRT rate to balance the budget.  The
GRT rate increase to 4.5% provided some budget relief, an 8%
salary rollback for certain USVI employees was implemented,
effective Aug. 1, 2011, and a retirement incentive for long-term
employees was offered, as means to balance the budget.  Final
audited revenues of $867.5 million in fiscal 2011, inclusive of
$131 million received through external working capital borrowing
and operating transfers, supported $847 million in expenditures
that year, resulting in a $16.7 million GAAP-basis operating
surplus.  On a budgetary basis, the USVI reported a $2.9 million
operating deficit.

Following the enactment of the fiscal 2012 budget, the governor's
office forecast a $67.5 million operating deficit and called for
immediate expenditure reductions and revenue increases to balance
the budget.  Approximately 400 employees were terminated in
December 2011 and amidst budget negotiations, in January 2012,
Hovensa announced its imminent closure.  The USVI estimated a
direct annual revenue loss of about $50 million ($30 million in
income tax losses and $17 million in lost GRT revenue) related to
the closure in addition to the loss of about 2,000 jobs.

Following Hovensa's announcement, the legislature approved the
increase in the GRT rate to 5% to offset the expected loss of GRT
revenue from Hovensa and also implemented other expenditure
reductions, for a total in $125.7 million expenditure reduction
from fiscal 2011.  An external working capital matching fund-
secured bond was issued in August 2012 to support financial
operations in fiscal 2012 and the next two succeeding fiscal
years.  Proceeds of $55 million were applied to the fiscal 2012
budget, $35 million was to be applied to the fiscal 2013 budget,
and the remaining $25 million was to be applied to the fiscal 2014
budget.  Despite the actions taken by the USVI, reduced revenues
and the carry-forward of structural budgetary imbalance resulted
in an estimated $44.3 million budgetary operating deficit for
fiscal 2012.  The fiscal 2012 audit recorded a $94.3 million
operating surplus for that year as the working capital matching
fund bond boosted the USVI's cash position.

For the fiscal year ended Sept. 30, 2013, the USVI estimates
$741.2 million in available general fund resources, including the
$35 million in bond proceeds.  Expenditures are estimated to have
totaled $717.1 million, resulting in the USVI's estimate of a $24
million operating surplus.  Movement toward budgetary balance was
forestalled by the reinstatement on July 1 of full salary to
employees impacted by the 8% salary reduction implemented in
fiscal 2011.  Budgetary operations have been aided by increasing
matching fund (excise tax) revenue related to production at a new
rum facility owned by Diageo.  Matching fund revenue is only
available to the general fund after debt service payments on the
USVI's matching fund revenue bonds have been made in full.

The USVI expects operations in the current fiscal 2014, inclusive
of the additional $30 million in working capital proceeds from the
upcoming sale, to produce a $4.7 million operating surplus;
however, $25 million in unspecified appropriation cuts are
required prior to the fiscal year ending on Sept. 30, 2014 to
achieve this target, which Fitch believes will be difficult to
achieve.  Fitch believes financial operations will continue to be
strained by a multitude of spending pressures, including
increasing employee health care costs, debt service expense, and
the need to address the stability of the pension system.  Fitch
believes that future years' budgets will be additionally
challenged in achieving structural balance as working capital
proceeds have helped to support recent years' budgets.

LIMITED ECONOMY WITH HIGH UNEMPLOYMENT

The USVI is an organized, unincorporated U.S. territory with a
population of 106,000.  The economy is small, narrow and subject
to considerable volatility.  Tourism and related industries
represent approximately 80% of economic activity, although other
activities, notably rum distillation are prominent, and government
employment equals more than a quarter of jobs.  Prior to its
closure and conversion to a storage facility in February 2012,
Hovensa employed 2,000 on the island of St. Croix and was
significant to the USVI's economic activity and fiscal stability.
Due to the effects of the recession and the closure of Hovensa,
the USVI estimates gross territorial product fell by 22% from 2008
to 2012.  The closure of the facility has also contributed to the
unemployment rate in the USVI escalating to 13.4% in 2013 from
8.9% in 2011, incorporating an 11% loss of total nonfarm
employment between 2011 and 2013.  The employment picture
continues to be weak in 2014; a 12.8% unemployment rate was
recorded for March 2014 compared to a 6.7% U.S. rate and total
nonfarm employment declined by 2% in April 2014 compared to 1.7%
national growth.

Tourism indicators have begun to stabilize after sharp, recession-
related declines in 2008 and 2009, although the economic recovery
appears to be unsteady and further improvement will be linked to
broader economic trends in the U.S., from which the majority of
USVI visitors originate.  While cruise ship visitors to the USVI
have recently increased, growing 4.9% between January 2012 and
December 2013, air arrivals over the same period declined by 4.7%
and hotel occupancy rates have remained just under 60% for the
USVI as a whole.

DEBT AND UNFUNDED LIABILITIES ARE EXTREMELY HIGH

The USVI's liabilities are extremely high relative to U.S. states.
Tax-supported debt totals about $2.1 billion as of June 1, 2014,
estimated to be equivalent to 80% of personal income.  About $796
million is GRT bonds, subordinate notes and tax increment revenue
bond anticipation notes (BANs) issued by VIPFA, which also carry a
USVI GO pledge.  Another $1.3 billion is backed by matching funds
from federal excise taxes levied on USVI-distilled rum.  In 2013,
debt service for GRT bonds and matching fund bonds totaled about
$157 million, equal to 17.5% of general fund taxes and gross
matching fund receipts combined.  Amortization is slow, with about
34% maturing in 10 years.

Persistent underfunding has led to a large pension liability, with
a funding ratio of 45.3% as of Sept. 30. 2012; the $1.6 billion
unfunded liability (UAAL) equates to about 62% of estimated 2012
personal income.  Other liabilities include negotiated but unpaid
salary increases over the last two decades, the burden of which
was estimated at $195 million as of Sept. 30, 2012.  The USVI's
liability for other post-employment benefits totals $1.12 billion
as of Sept. 30, 2011.


UNIVISION COMMUNICATIONS: Fitch Affirms 'B' Issuer Default Rating
-----------------------------------------------------------------
Fitch Ratings has affirmed the 'B' Issuer Default Rating (IDR)
assigned to Univision Communications, Inc.  Fitch also affirmed
the individual issue ratings of Univision.  The Rating Outlook is
Stable.

As of March 31, 2014, Univision had approximately $10.6 billion of
debt outstanding (including the subordinated convertible preferred
debentures due to Televisa).

KEY RATING DRIVERS:

The ratings incorporate Fitch's positive view of the U.S. Hispanic
broadcasting industry, given anticipated continued growth in the
number and spending power of the Hispanic demographic.
Additionally, Univision benefits from a premier industry position,
with duopoly television and radio stations in most of the top
Hispanic markets, with a national overlay of broadcast and cable
networks.  The company's networks garner significant market share
of Hispanic viewers and generate strong and stable ratings.  This
large and concentrated audience provides advertisers with an
effective way to reach the growing U.S. Hispanic population.

Fitch expects Hispanic population growth to mitigate the impact of
longer-term secular issues that are challenging the overall media
& entertainment sector, namely, audience fragmentation and its
impact on advertising revenue.  While the Hispanic broadcast
television audience is not immune to these pressures, Fitch
expects the growing total size of the Hispanic population, and
Univision's investments in digital services, will provide an
offset to the impact of audience fragmentation and drive ongoing
ratings strength at Univision's television properties.

Fitch believes Univision's cost management efforts and growth in
high-margin retransmission revenue will provide an offset to the
rising programing investments.  Fitch expects EBITDA margins
levels in the 38% to 40% range in 2014.  Long-term, Fitch believes
positive operating leverage from topline growth and growth in
high-margin retransmission revenue will support continued content
and digital investments, with EBITDA margins at or near the 40%
level.

Recent new entrants in the Hispanic broadcast and cable network
market will add to the competitive pressures facing Univision.
However, Univision currently has incumbent advantage and dominant
market presence.  Fitch expects these factors, along with its
pipeline of proven content from Televisa, to enable it to grow
amid these increasing pressures.

Ratings concerns center on the highly leveraged capital structure,
limited free cash flow (FCF) generation relative to total debt, as
well as the company's significant exposure to advertising revenue.
As of March 31, 2014, Fitch estimates total leverage and secured
leverage of 9.8x and 7.9x, respectively (including the convertible
note due to Televisa).  Fitch expects deleveraging to be driven by
EBITDA growth and modest levels of mandatory term loan
amortization.  Including the recent $117 million reduction in its
2022 senior secured notes, Fitch expects total leverage to be
around 9x by year end 2014.

Fitch recognizes the event risk of an Aereo victory in the courts
could weaken Univision's negotiating position with MVPDs over
valuable retransmission consent revenues.  The existence of
Aereo's service or similar services as a viable alternative to
gain access to local and network over the air television
broadcasts would harden the MVPDs position and temper the
anticipated growth rate of retransmission consent revenues, which
broadcasters have become increasingly reliant upon.  Ultimately,
but unlikely in Fitch's view, MVPDs could elect not to enter a
retransmission consent agreement with broadcasters and either
implement their own Aereo like technology, or not carry the
broadcast on their respective networks, placing the retransmission
consent revenues in jeopardy.  Fitch acknowledges that should the
MVPDs pursue this strategy, changes to the retransmission consent
model would evolve over a long period of time (current multi-year
retransmission contracts would have to expire).  Should such a
downside scenario materialize, broadcast networks, including
Univision could stop offering its content over the air and convert
into a cable network.  However converting from a broadcast network
to a cable network will present challenges including anticipated
political backlash, the precarious position of broadcast network
television affiliates, and potential issues related to broadcast
rights pertaining to sports leagues.

Liquidity and Debt

Fitch regards current liquidity as adequate, particularly in light
of minimal near-term maturities.  Following a series of
refinancing transactions, UVN has significantly reduced near-term
obligations.  The company's next material maturity is the $1.2
billion in notes due 2019.  At March 31, 2014, liquidity consisted
of approximately $78 million of cash, approximately $503 million
available under the $550 million RCF due 2018 (net of borrowings
and letters of credit), and $280 million available under the $400
million AR securitization facility (consisting of $300 million
revolver and $100 million term facility).

Fitch calculates 2013 FCF of negative $100 million and latest 12
month ended (LTM) March 2014 FCF of negative $31 million.  The
negative FCF have primarily been driven by increased programming
investments.  Fitch expects FCF in the range of $150 million to
$250 million for 2014.

Fitch estimates at March 31, 2014, Univision had total debt of
$10.5 billion, which consisted primarily of:

  -- $47 million in revolving credit facility due March 2018;
  -- $120 million in account receivable facility due June 2018;
  -- $4.6 billion in senior secured term loans due March 2020;
  -- $1.2 billion 6.875% senior secured notes due 2019;
  -- $750 million 7.875% senior secured notes due 2020;
  -- $1.1 billion 6.75% senior secured notes due 2022;
  -- $700 million 5.125% senior secured notes due 2023;
  -- $815 million 8.500% senior unsecured notes due 2021;
  -- $1.125 billion 1.5% subordinated convertible debentures

issued to Televisa, due 2025.  (This note is a direct obligation
of the parent HoldCo, Broadcasting Media Partners, Inc., but is
serviced by dividends paid by Univision.)

Univision's Recovery Ratings reflect Fitch's expectation that the
enterprise value of the company, and thus, recovery rates for its
creditors, will be maximized in a restructuring scenario (going
concern), rather than a liquidation.  Fitch employs a 7x
distressed enterprise value multiple and estimates the adjusted
distressed enterprise valuation in restructuring to be $6.4
billion.  The 'B+' rating for the secured debt reflects Fitch's
expectations for recovery in the 51% - 70% range.  The 'CCC+'
rating on the $815 million senior unsecured notes reflects Fitch's
expectations for 0% recovery.

RATING SENSITIVITIES:

Positive ratings actions could occur if Univision delevers
significantly from current levels, with indications that the
company is on target to reach 7x-9x and 5x-6x total and secured
leverage targets, respectively.  Fitch expects deleveraging could
occur largely through EBITDA growth, as well as modest debt
reduction.

Negative ratings actions could occur if operating results and FCF
are materially lower than Fitch's expectations.  Fitch expects FCF
of $150 to $250 million in 2014.  This would be contradictory to
Fitch's constructive view on the Spanish language broadcasting
industry and Univision's positioning within it, and could indicate
that the company is more susceptible to secular challenges than
previously anticipated.

Fitch has affirmed Univisons's ratings as follows:

  -- Issuer Default Rating at 'B';
  -- Senior secured at 'B+/RR3';
  -- Senior unsecured at 'CCC+/RR6'.


UPPER VALLEY: Court Approves Disclosure and Reorganization Plan
---------------------------------------------------------------
Judge J. Michael Deasy of the Bankruptcy Court of District of New
Hampshire approved Upper Valley Commercial Corp.'s Disclosure
Statement as there were no objections to the Disclosure Statement
filed, and the Statement contained the details required by
Sec.1125 of the Bankruptcy Code.  Further, the Court confirmed the
Chapter 11 Plan of Reorganization proposed by Upper Valley. All
classes of creditors voted in favor of the Plan.  The terms of the
Plan require the Debtor to amend its corporate charter to reflect
that its sole purpose of continued business operations is
collecting accounts receivable and distributing the proceeds in
accordance with the Plan. The effective date of the Plan is June
17, 2014.  The Chapter 11 case will be deemed closed upon entry of
the Court's Final Decree.

           About Upper Valley Commercial Corporation

Upper Valley Commercial Corporation, which runs a lending business
in the Upper Connecticut Valley of New Hampshire, filed a Chapter
11 petition (Bankr. D. N.H. Case No. 13-13110) in Manchester, New
Hampshire, on Dec. 31, 2013.

Upper Valley Commercial Corporation said it is liquidating its
assets after discovering that some of its investment and lending
activities lacked proper licensing by the State of New Hampshire.
The Debtor will file a liquidating plan as part of an agreement
with the New Hampshire Banking Department.

The Debtor disclosed $12,782,877 in assets and $11,584,281 in
liabilities as of the Chapter 11 filing.

The Debtor is represented by attorneys at The Tamposi Law Group,
led by Peter N. Tamposi, Esq., in Nashua, New Hampshire.

The Debtor disclosed $12,782,877 in assets and $11,584,281 in
liabilities as of the Chapter 11 filing.

William K. Harrington, the U.S. Trustee, on Feb. 24 appointed
three members to the official committee of unsecured creditors.
Bernstein, Shur, Sawyer & Nelson, P.A., serves as its counsel.


VERIS GOLD: Asks for U.S. Recognition of Canadian Restructuring
---------------------------------------------------------------
Veris Gold Corporation, through the monitor appointed by a
Canadian court, has sought relief under Chapter 15 of the
Bankruptcy Code in Reno, Nevada, to avoid disruptions to its
restructuring proceedings in Canada.

Ernst & Young, the monitor, is asking the U.S. court to grant the
Debtors Chapter 15 protections and stay any and all enforcement
actions against the Debtors and their assets in the U.S.  The
Debtors require Chapter 15 relief to ensure smooth operations
without disruption during the pendency of their restructuring in
the Canadian proceeding.

"The Debtors are currently facing financial difficulty because
they lack adequate liquidity to satisfy their long term debt
obligations.  The existing payment terms to Deustche Bank and the
subordinated debt-holders have placed a significant strain on the
Debtors' free cash flow," E&Y said, explaining the Debtors'
decision to seek a court-supervised restructuring.

The Debtors have tried unsuccessfully to extend the terms of the
existing facilities with Deutsche Bank or otherwise refinance on
longer terms and possibly negotiate better terms with the
subordinated debt-holders.

According to E&Y, by allowing a company to restructure its
financial affairs, through a formal "plan of arrangement," the
CCAA presents an opportunity for troubled business to avoid
liquidation and allows such business' creditors to receive some
distribution for outstanding amounts owing to them, by preserving
the going-concern value of the company.

E&Y has asked the U.S. Court to enter an order granting
provisional relief pursuant to Sections 105(a) and 1519(a) of the
Bankruptcy Code pending the U.S. Court's entry of an order
recognizing the Canadian Proceeding as a "foreign main
proceeding."

                          Assets and Debt

As of March 31, 2014, the Debtors have consolidated assets with a
net book value of US$323 million and consolidated liabilities of
US$282 million.

Vancouver-based Veris Gold Corp., is a public company which shares
are traded on the Toronto Stock Exchange and the Frankfurt Exeter.
It carries all head office functions for all members of the Veris
Gold Group.

Ketza River Holdings Ltd., carries on its business in the Yukon
Territory in Canada, as a gold and silver exploration company,
with its mining property still in the preproduction phase.

Veris Gold USA, Inc., owns and operates a gold mine at Jerritt
Canyon, in Elko County, Nevada, which is currently in production.
The Jerritt Canyon property includes several underground gold
mines.  Three mines have commenced gold production and a fourth
mine is expected to commence production in 2014.  Veris USA also
owns land claims, a 35,000-square-foot plant, and other assets in
Nevada.

Veris USA is party to two forward gold purchase agreements with
Duetsche Bank AG, London Branch.  Under the agreements, Deutsche
Bank advances funds to the Debtors and, in exchange, has the right
to purchase gold from the Debtors over time in the future at a
discount.

The Debtors have also entered into (i) three convertible
debentures with Whitebox Advisors for a respective amount of
US$5 million, US$4 million, and US$2 million, (ii) a senior
unsecured promissory note with 683 Capital in the amount of US$10
million, (iii) a forward gold loan with Monument Mining of US$5.65
million, and (iv) a forward gold loan with Concept Capital in an
amount of US$17.3 million.  The amount of the trade payables for
the Debtors is US$65 million.

Small Mine Development LLC is the underground mine contractor for
the Jerritt Canyon property and is owed US$42 million, of which
US$15 million is over one year past due.

                   About Veris Gold Corporation

Vancouver-based Veris Gold Corporation and its affiliates are a
consolidated enterprise comprising various exploration, mining,
production, sales and distribution operations in Canada and the
U.S.

Due to several factors including their capital structure, the bid
environment in the mining and metals industry, Veris Gold Corp.'s
depressed share price and the current commodity pricing
environment, the Debtors said they need to restructure their
business to emerge as a viable and successful entity going
forward.

On June 9, 2014, Veris and its affiliates commenced reorganization
proceedings under Canada's Companies' Creditors Arrangement Act.
The Canadian Court promptly issued an initial order staying
certain creditor actions and appointing Ernst & Young Inc. as the
monitor in the Canadian Proceedings.

E&Y applied for relief under Chapter 15 of the U.S. Bankruptcy
Code in Reno, Nevada, for Veris Gold and its affiliates (Bankr. D.
Nev. Case No. 14-51015) on June 9, 2014.

The U.S. case is assigned to Judge Bruce T. Beesley

The Debtors have tapped Brett A. Axelrod, Esq., and Micaela Rustia
Moore, Esq., at Fox Rothschild LLP, in Las Vegas, as counsel in
the U.S. case.


VERIS GOLD: Chapter 15 Case Summary
-----------------------------------
Chapter 15 Petitioner: Ernst & Young, Inc.

Chapter 15 Debtors:

        Name                               Case No.
        ----                               --------
        Veris Gold Corporation             14-51015
        900-688 West Hastings Street
        Attn: Shaun Heindrichs
        Vancouver, BC V6B 1P1

        Veris Gold USA, Inc.               14-51020

        Ketza River Holdings, Ltd.         14-51021

        Queenstake Resources Ltd.          14-51022

Type of Business: The Debtors are a consolidated business
                  enterprise comprising of various exploration,
                  mining, production, sales and distribution
                  operations in Canada and the United States.

Chapter 15 Petition Date: June 9, 2014

Court: United States Bankruptcy Court
       District of Nevada (Reno)

Judge: Hon. Bruce T. Beesley

Chapter 15
Petitioner's
Counsel:     Brett A. Axelrod, Esq.
             FOX ROTHSCHILD LLP
             3800 Howard Hughes Pkwy, Ste 500
             Las Vegas, NV 89169
             Tel: (702) 262-6899
             Fax: (702) 597-5503
             E-mail: baxelrod@foxrothschild.com

                  - and -

             Micaela Rustia Moore, Esq.
             FOX ROTHSCHILD LLP
             3800 Howard Hughes Pkwy., Ste 500
             Las Vegas, NV 89169
             Tel: 702-262-6899
             Fax: 702-597-5503
             E-mail: mmoore@foxrothschild.com

Estimated Assets: $100 million to $500 million

Estimated Debts: $100 million to $500 million


VERIS GOLD: Mining Company Files Ch. 15 to Shield US Assets
-----------------------------------------------------------
Law360 reported that mining company Veris Gold Corp. filed for
Chapter 15 protection in Nevada bankruptcy court in an attempt to
protect its U.S. assets from creditors as it enters insolvency
proceedings in its native Canada.

The Law360 report, citing court documents, said the Vancouver-
based company was forced into the filing in part by its recent
default on gold purchase agreements with Deutsche Bank AG, and
efforts to refinance the debt proved to be unsuccessful.

                      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.


WORTHINGTON ENERGY: Enters Into Settlement Deal with Montecito
--------------------------------------------------------------
Worthington Energy, Inc., an energy company engaged in the
acquisition, exploration, development and drilling of oil and
natural gas properties, on June 11 disclosed that the Company has
reached a settlement agreement with Montecito Offshore, LLC of
Louisiana, on the VM179 lease.  As originally announced on May 10,
2011, Paxton (Worthington) closed on the agreement with Montecito
on May 6, 2011, whereby Paxton (Worthington) acquired a 70%
working interest in 546.875 acres in the Vermilion 179 (VM 179)
track for $1,500,000 cash, a $500,000 subordinated note and the
issuance of 15 million shares of Paxton (Worthington) common
stock.

Worthington Energy, Inc. Chairman and CEO, Mr. Charles F. Volk,
stated, "For the last year and a half the company has been
threatened with bankruptcy by the convertible debt holders,
whereby they could eliminate the second lien position held by
Montecito on the VM179 lease.  The settlement reached by the
company relieves Worthington of any interest in the VM 179 lease
in exchange for release of claims and debts both from the
Convertible debt holders and Montecito."

"During that time, in order to satisfy our public company filing
requirements and remain a going concern, the company entered into
convertible debentures which have depressed the price of the
stock," Mr. Volk explained.  "With the removal of the UCCs
associated with the VM179 debt, the company can now enter into
project financing loans on the recently acquired Kansas properties
in order to initiate and subsequently increase production."

Mr. Volk continued, "The VM179 convertible debt holders' ratchet
feature equated to a potential conversion into 70,000,000,000
common shares.  This potential threat, which could have crippled
the company, is now eliminated! The VM179 asset was being carried
on our books at $5.7 million.  As a result of this settlement the
company eliminated $9.5 million in associated liabilities and
debt, resulting in a $3.8 million improvement to the balance
sheet."

"Once production has commenced, oil sales should allow the Company
to avoid entering into new convertible debentures.  In fact, based
on anticipated production, we expect to be able to buy back
existing convertible debentures and eventually initiate a common
stock buyback program," concluded Mr. Volk.

Worthington Energy President and COO, Mr. Charlie Adams, said,
"The current value of the company should be in the $10 to $20
million range, based on the valuation methodology of our
technology, before reporting production.  The valuation should
increase to the $40 to $60 million range, again based on valuation
methodology of the technology, after reporting production has
begun."

                         About Worthington

Worthington -- http://www.Worthingtonnrg.com-- engages in the
acquisition, exploration, development and drilling of oil and
natural gas properties. Worthington is an energy turnaround
company whose strategy is to acquire cash flow producing
properties with proved and probable reserves, develop the fields
by reworking existing wells and drilling new wells. Worthington
was founded in 2004 and is based in San Francisco, CA.


WYNDCLYFFE LLC: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Wyndclyffe, LLC
        10 Bedford Street
        New York, NY 10014

Case No.: 14-11769

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 10, 2014

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

Judge: Hon. Robert E. Gerber

Debtor's Counsel: Jonathan S. Pasternak, Esq.
                  DELBELLO DONNELLAN WEINGARTEN WISE &
                    WIEDERKEHR, LLP
                  One North Lexington Avenue
                  White Plains, NY 10601
                  Tel: (914) 681-0200
                  Fax: (914) 684-0288
                  Email: jpasternak@ddw-law.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Michael Sanford, managing member.

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


YMCA OF MILWAUKEE: Assuming All Health Club Membership Agreements
-----------------------------------------------------------------
The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., seeks approval from the bankruptcy court to assume all
existing membership agreements -- specifically 37,518 health club
membership contracts -- with its members.

When family memberships and two-adult households are factored into
account, the membership agreements provide access to YMCA of
Milwaukee's facilities and basic classes for more than 115,000
persons.

The Debtor has filed the motion to assume the agreements for
reasons of practicality, to conserve resources of the estate and
to minimize uncertainty among its active members.

According to the Debtor, assumption of the membership agreements
imposes no additional expenses or risks on the Debtor's estate.
It does not impose cure costs on the Debtor; it does not compel
the Debtor to dedicate new or non-ordinary resources to the
performance of its contractual obligations; it does not expose the
estate to the risk of large administrative claims for post-
assumption breaches; and it does not force any dissatisfied member
to continue its relationship with the Debtor.

The Debtor adds that by assuming the membership agreements before
filing its schedules, the Debtor could save up to $100,000 in
costs associated with treating every signatory member as the
holder of a contingent unsecured claim.

The Debtors on the Petition Date also filed a motion to honor
certain prepetition deposits and other customer obligations.

                      About YMCA of Milwaukee

The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., and affiliate, YMCA Youth Leadership Academy, Inc., filed
voluntary Chapter 11 bankruptcy petitions (Bankr. E.D. Wis. Case
Nos. 14-27174 and 14-27175) in Milwaukee, on June 4, 2014.

YMCA Milwaukee, which has more than 100,000 members using its
centers and camps, plans to sell a majority of its owned real
estate to help pay down $29 million in debt.

YMCA Milwaukee estimated $10 million to $50 million in both assets
and liabilities.  YMCA Academy estimated $100,000 to $500,000 in
both assets and liabilities.  The formal schedules of assets and
liabilities are due June 18, 2014.

The Debtors are seeking joint administration of their Chapter 11
cases for procedural purposes.  The cases are assigned to Judge
Susan V. Kelley.

The Debtors have tapped Olivier H. Reiher, Esq., and Mark L. Metz,
Esq., at Leverson & Metz, S.C., in Milwaukee, as counsel.


ZALE CORP: Suspending Filing of Reports with SEC
------------------------------------------------
Zale Corporation filed a Form 15 with the U.S. Securities and
Exchange Commission to terminate the registration of its common
stock, par value $0.01 per share under Section 12(g) of the
Securities Exchange Act of 1934.  As a result of the Form 15
filing, the Company is not anymore obligated to file reports with
the SEC.

                       About Zale Corporation

Based in Dallas, Texas, Zale Corporation (NYSE: ZLC) --
http://www.zalecorp.com/-- is a specialty retailer of diamonds
and other jewelry products in North America, operating
approximately 1,695 retail locations throughout the United States,
Canada and Puerto Rico, as well as online.  Zale Corporation's
brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers,
Peoples Jewellers, Mappins Jewellers and Piercing Pagoda.  Zale
also operates online at http://www.zales.com/,
http://www.zalesoutlet.com/,
http://www.gordonsjewelers.com/and http://www.pagoda.com/

Zale Corp disclosed net earnings of $10.01 million for the year
ended July 31, 2013, a net loss of $27.31 million for the year
ended July 31, 2012, a net loss of $112.30 million for the year
ended July 31, 2011, and a net loss of $93.67 million for the year
ended July 31, 2010.

As of April 30, 2014, Zale Corp had $1.26 billion in total assets,
$1.05 billion in total liabilities and $205.73 million in total
stockholders' investment.


* Argentine Delegates to Visit Washington to Discuss Overdue Debt
-----------------------------------------------------------------
American Task Force Argentina Co-chair and former Undersecretary
of Commerce for Economic Affairs Robert J. Shapiro will host a
cocktail reception to honor members of the Argentine Congress, who
travel to Washington, D.C. this week.

News reports state that Argentine delegates will travel to
Washington to discuss the country's overdue debt and the Republic
of Argentina v. NML Capital, LLC court case.  Although ATFA
members have on numerous occasions offered to sit down with the
Argentine government and negotiate a settlement, the government
has failed to respond.

This reception offers a unique opportunity for Argentine
congressional officials to hear why ATFA believes good faith
negotiations are the best way for the two parties to resolve the
outstanding debt.

Dr. Shapiro:

"The Argentine Congress' trip to Washington, D.C. could not have
come at a better time.  After coming to an agreement with the
Paris Club, the Argentine government has voiced its desire to
return to international financial markets.  The best way for
Argentina to return to these markets -- and the only way -- is to
resolve its outstanding debts to private creditors through fair
negotiations."

"Because the point of this trip is to discuss Argentina's
outstanding debt and lawsuit in U.S. courts, American Task Force
Argentina urges these representatives of the Argentine Government
to also meet with its creditors.

"We look forward to meeting with our visitors from Argentina and
are hopeful that we can discuss a fair and reasonable negotiations
and resolution of Argentina's debts to its private creditors,
which should put Argentina on a path toward normalization.

"In hopes of getting the invitation to the appropriate Argentine
delegates, American Task Force Argentina sent the invitation to
the Argentine Embassy in Washington, D.C. and placed
advertisements in a few publications, such as Politico, Roll Call,
The Hill and Wall Street Journal.  Please note, the reception is
for invited guests only -- the Argentine delegation, Argentine
Embassy staff and media covering Argentina issues."

             About the American Task Force Argentina

The American Task Force Argentina (ATFA) is an alliance of
organizations united for a just and fair reconciliation of the
Argentine government's 2001 debt default and subsequent
restructuring.  Its members work with lawmakers, the media, and
other interested parties to encourage the United States government
to vigorously pursue a negotiated settlement with the Argentine
government in the interests of American stakeholders.


* Chambers USA Ranks McGlinchey Stafford Among 2014 Top Law Firms
-----------------------------------------------------------------
Chambers USA: America's Leading Lawyers for Business 2014, the
leading provider of research-based directories of the legal
profession, has ranked McGlinchey Stafford among the top law firms
again this year.  The firm, as well as members Bennet S. Koren and
Marc J. Lifset, is ranked nationally for Financial Services
Regulation: Consumer Finance (Compliance & Litigation).  Firm
member Colvin "Woody" Norwood is ranked nationally for Products
Liability & Mass Torts and for Product Liability: Automobile.

McGlinchey Stafford is ranked for six practice areas in Louisiana:
Banking & Finance, Bankruptcy/Restructuring, Corporate/M&A, Gaming
& Licensing, Litigation: General Commercial, and Real Estate.  In
Mississippi, McGlinchey is ranked for Litigation: General
Commercial. Rudy Aguilar, the firm's managing member, said, "We
are honored to be ranked in Chambers and in the company of our
esteemed colleagues.  We believe our rankings and the commentary
from sources in Chambers reflect the continual efforts we expend
on behalf of our many fine clients."

Chambers quoted sources regarding a few of the firm's ranked areas
of practice:

Banking & Finance - "They are very knowledgeable and offer very
practical advice.  They are also very understanding regarding when
an issue is urgent and needs a fast response," and, "Great depth
of knowledge, thoroughness of analysis, clarity in explanation and
speed in turnaround of work."

Bankruptcy/Restructuring - "Responsiveness and good value."

Corporate/M&A - "They understand business and do not over-lawyer a
matter.  They can turn the work product around promptly and in a
business-friendly form."

Financial Services Regulation - "Strong, quality firm which has
served us well; I know where to go on matters involving consumer
finance."

Seventeen members of the firm are ranked in the publication in
2014:

Ricardo "Richard" A. Aguilar, Louisiana Bankruptcy/Restructuring
and General Commercial Litigation

Rodolfo "Rudy" J. Aguilar, Louisiana Corporate/M&A

Samuel A. Bacot, Louisiana Real Estate

Stephen P. Beiser, Louisiana Labor & Employment

Laura Hobson Brown, Louisiana Banking & Finance

Rudy J. Cerone, Louisiana Bankruptcy/Restructuring

Katherine Conklin, Louisiana Labor & Employment (Employee Benefits
& Compensation)

Deborah Duplechin Harkins, Louisiana Gaming & Licensing

G. Dewey Hembree III, Mississippi General Commercial Litigation

Bennet S. Koren, National Financial Services Regulation (Consumer
Finance Compliance)

Marc J. Lifset, National Financial Services Regulation (Consumer
Finance Compliance)

Christine Lipsey, Louisiana General Commercial Litigation

Colvin "Woody" Norwood, Jr., National Products Liability & Mass
Torts and National Products Liability: Automobile

Jean-Paul "J-P" Perrault, Louisiana Corporate/M&A

Michael H. Rubin, Louisiana Banking & Finance

Stephen P. Strohschein, Louisiana Bankruptcy/Restructuring

H. Hunter Twiford III, Mississippi General Commercial Litigation

                          About Chambers

Chambers' directories, published annually, are based on in-depth,
objective research compiled by more than 130 full-time researchers
who interview thousands of lawyers and their clients around the
world.

                  About McGlinchey Stafford:

McGlinchey Stafford -- http://www.mcglinchey.com-- is a full-
service law firm providing innovative legal counsel to business
clients nationwide.  Guiding clients wherever business and law
intersect, McGlinchey Stafford attorneys are based in eleven
offices in California, Florida, Louisiana, Mississippi, New York,
Ohio and Texas.


* Hilco Adds "Buy Now" Option on Online Auction Platform
--------------------------------------------------------
Hilco Streambank on June 11 announced the addition of a "Buy Now"
option on its IPv4Auctions.com, online auction platform for IP
address blocks.  Registered users will now be able to purchase
selected IPv4 Address Blocks online at a fixed price in addition
to participating in their traditional auctions.  The fixed price
blocks as well as new traditional auctions are scheduled to begin
on Wednesday, June 11th.  IPv4Auctions.com allows for real time
price tracking and a streamlined process which eliminates the need
for time consuming negotiations between sellers and buyers.

After officially launching on February 17th, 2014,
IPv4Auctions.com has received consistent customer registrations
and bids throughout its previous auctions.  "It is extremely
exciting to see registrants participating from all over the world,
hearing their thoughts on the website and how much the platform
increases the efficiency of their business" said Jack Hazan of
Hilco Streambank.

For its "Buy Now" option IPv4Auctions.com is listing the following
Arin Legacy IPv4 Address Blocks:

* One /16 Block
* One (1) /18 Block
* One (1) /19 Block.

The traditional auction will consist of the following ARIN IPv4
Address Blocks:

* One (1) /20 Block
* One (1) /23 Block
* One (1) /24 Block.

Transfers facilitated through IPv4Auctions.com are subject to
Regional Internet Registry approval.  Bidders are highly
encouraged to apply for pre-approval with their local Regional
Internet Registry prior to bidding.

Hilco Streambank has successfully facilitated the sales of
Millions of IP addresses in North America, Asia, Europe and the
Middle East.  IPv4Auctions.com was launched to accommodate small
and medium sized IPv4 transactions as a complement to its
traditional IP address broker services.  For those parties with
larger or more complex needs, Hilco Streambank will continue
brokering private transactions in all three regions.

                     About Hilco Streambank

Hilco Streambank, a market leading advisory firm in the
intellectual property disposition and valuation space, over the
last three years has become a market leader in the IPv4 transfer
market.  Having completed numerous transactions in ARIN, APNIC and
RIPE, including sales in publicly reported Chapter 11 bankruptcy
cases as well as private transactions, Hilco Streambank has
established itself in the internet and telecom community as a
responsible and effective intermediary in the space.


* Stradley Ronon Hires Three Finance & Restructuring Attorneys
--------------------------------------------------------------
Stradley Ronon on June 11 disclosed that it has significantly
expanded its New York office with the hiring of three prominent
finance and restructuring attorneys, led by partner Mitch Brand,
who will join longtime partner Gary P. Scharmett as co-chair of
the firm's finance and restructuring practice group.  Mr. Brand
comes to the firm from Otterbourg P.C. where he practiced for 33
years and was a partner and co-chair of that firm's special
situations practice group.  Stephen Alpert and Harris Diamond,
both of whom were also previously with Otterbourg, join Brand in
Stradley Ronon's New York office as counsel.

The lateral hirings considerably bolster the firm's New York
office, which has moved to expanded space at 100 Park Avenue to
accommodate the growth.  The enhanced New York presence will
provide Stradley Ronon clients with seamless access to a deep
bench of experienced finance and restructuring attorneys in the
nation's financial hub.  With more than 200 attorneys and seven
expanding offices throughout the mid-Atlantic, Stradley Ronon
continues to focus on the recruitment and retention of exceptional
lawyers with the industry-specific expertise needed by its
clients.

"While we have had a presence in New York for many years, the
growth of our office there with the additions of Mitch, Steve and
Harris marks an exciting time for the firm and tremendous
opportunity for our clients," said Stradley Ronon Chairman William
R. Sasso.  "As the nation's financial center, New York is a
natural fit for our firm's skillset and our growing client base in
financial services; and we believe the office is ripe for further
expansion as clients continue to seek sophisticated, high-quality
counsel at a value that is often lacking at the larger New York
firms."

Mr. Brand brings with him more than 30 years of experience
representing lenders and financial institutions in the
structuring, negotiation and documentation of syndicated and non-
syndicated financing transactions.  His clients include hedge
funds and private equity firms, commercial finance companies,
banks, and other institutional and individual investors.
Mr. Brand's client representation includes advising on general
corporate lending; leverage finance; structured finance; asset-
based and cash flow lending; second lien, mezzanine and unitranche
loans; debtor-in-possession financings; Chapter 11 exit
financings; debt restructurings; and loan workouts.

"While it was a difficult decision for me to leave Otterbourg
after 33 years, I am looking forward to continuing my career with
Stradley Ronon and its wide-ranging platform of services.  With
regard to the finance and restructuring group, I have worked in
the same space as Stradley Ronon attorneys for years and have
always been a great admirer of the firm's stellar reputation and
collegial culture," said Mr. Brand.  "There is a natural synergy
between Stradley's financial services capabilities and my practice
areas.  I am excited to introduce my contacts to the firm's
comprehensive services and capabilities, particularly Stradley's
extensive practices in financial services and securities
regulatory investigation and enforcement, structured finance and
derivatives, private equity and hedge funds, health care and
energy, among other areas."

"Mitch and I have been independently representing some of the same
clients for years and it's a great pleasure to welcome him, Steve
and Harris to the firm," said Mr. Scharmett, Partner-in-Charge of
Stradley Ronon's New York office and co-chair of its finance and
restructuring practice group.  "While Stradley Ronon has had a
presence in New York for several years and our finance and
restructuring practice has been representing clients in New York
for more than 25 years, these additions solidify our commitment to
growing our office by adding leading practitioners in our areas of
core competency."

"Mitch shares the same commitment to client service, cost-
efficiency and value that our firm prides itself in," said David
H. Joseph, Stradley Ronon business department chair. "His
pragmatic, no-nonsense approach coupled with his deep
transactional expertise will resonate with our client base."

Mr. Brand received his B.S., summa cum laude, from Union College
and his J.D. from Emory University School of Law, where he was
editor-in-chief of the Annual Survey of Bankruptcy Law.

Mr. Alpert represents asset-based and commercial lenders in
structuring, documentation and closing of secured asset-based and
cash flow financing transactions, loan workouts and
restructurings, and liquidations.  His clients include major money
center banks, foreign banks and their U.S. subsidiaries,
investment banks, commercial finance companies, asset-based
lenders of national and regional standing, and hedge funds.  He
received his A.B., cum laude, from Dartmouth College and his J.D.
from Boston University School of Law.

Mr. Diamond focuses his practice on secured and unsecured
financing, financial and corporate restructuring, and creditor
representation.  He counsels clients regarding a wide array of
proposed financing transactions, and also advises clients on asset
protection during the restructuring and bankruptcy processes.  He
received his B.S., cum laude, from the University at Albany and
his J.D. from St. John's University School of Law.

                About Stradley Ronon Stevens & Young

Counseling clients since 1926, Stradley Ronon --
http://www.stradley.com-- has helped private and public companies
-- from small businesses to Fortune 500 corporations -- achieve
their goals by providing pragmatic, value-driven legal counsel.
With seven offices throughout the mid-Atlantic region, the firm's
responsive team of more than 200 attorneys seamlessly addresses
the full spectrum of its clients' needs, ranging from
sophisticated corporate transactions to complex commercial
litigation.


* Recent Small-Dollar & Individual Chapter 11 Filings
-----------------------------------------------------

In re James J. Haim and Jane K. Haim
   Bankr. E.D. Wis. Case No. 14-26580
      Chapter 11 Petition filed May 22, 2014

In re Willie Jackson
   Bankr. N.D. Miss. Case No. 11968
     Chapter 11 Petition filed May 23, 2014
         See http://bankrupt.com/misc/msnb14-11968.pdf
         represented by: Glenn H. Williams, Esq.
                         GLENN H. WILLIAMS, PA
                         E-mail: gwmslaw@tecbb.net

In re Steven P. Wegner
   Bankr. D. Maine Case No. 14-10415
      Chapter 11 Petition filed May 29, 2014

In re William Ernst Blumensaadt, Jr.
   Bankr. N.D. Ohio Case No. 14-31968
      Chapter 11 Petition filed May 29, 2014

In re Island Stillwater Company. Ltd
        dba The Golden Fish Gift Shop
   Bankr. N.D. Ohio Case No. 14-31970
     Chapter 11 Petition filed May 29, 2014
         See http://bankrupt.com/misc/ohnb14-31970.pdf
         represented by: Steven L. Diller, Esq.
                         DILLER AND RICE, LLC
                         E-mail: steven@drlawllc.com

In re Mark A. Reis
   Bankr. E.D. Tenn. Case No. 14-31735
      Chapter 11 Petition filed May 29, 2014

In re Deepal Sunil Wannakuwatte
   Bankr. E.D. Cal. Case No. 14-25816
      Chapter 11 Petition filed May 30, 2014

In re Jose David Sanchez D.D.S. Inc.
        aka J. D. Sanchez
   Bankr. E.D. Cal. Case No. 14-12792
     Chapter 11 Petition filed May 30, 2014
         See http://bankrupt.com/misc/caeb14-12792.pdf
         represented by: Phillip W. Gillet, Jr., Esq.
                         E-mail: lawyer@bak.rr.com

In re Kerry Shawn Pearson
   Bankr. D.C. Case No. 14-00323
      Chapter 11 Petition filed May 30, 2014

In re Corey Amos and Louise Gombako Amos
   Bankr. S.D. Miss. Case No. 14-01772
      Chapter 11 Petition filed May 30, 2014

In re Guaranteed Auto Credit, LLC
   Bankr. N.D.N.Y. Case No. 14-11219
     Chapter 11 Petition filed May 30, 2014
         See http://bankrupt.com/misc/nynb14-11219.pdf
         represented by: Francis J. Brennan, Esq.
                         NOLAN & HELLER, LLP
                         E-mail: fbrennan@nolanandheller.com

In re North Dayton Truck Service Inc.
   Bankr. S.D. Ohio Case No. 14-31955
     Chapter 11 Petition filed May 30, 2014
         See http://bankrupt.com/misc/ohsb14-31955.pdf
         represented by: Denis E. Blasius, Esq.
                         LAW OFFICES OF IRA H. THOMSEN
                         E-mail: dblasius@ihtlaw.com

In re Timberview Veterinary Hospital, Inc.
   Bankr. M.D. Pa. Case No. 14-02535
     Chapter 11 Petition filed May 30, 2014
         See http://bankrupt.com/misc/pamb14-02535.pdf
         represented by: Henry W. Van Eck, Esq.
                         METTE, EVANS, & WOODSIDE
                         E-mail: hwvaneck@mette.com

In re Frue's Oasis, LLC
        dba Laughlin's Family Restaurant & Gasoline Station
   Bankr. W.D. Pa. Case No. 14-22231
     Chapter 11 Petition filed May 30, 2014
         See http://bankrupt.com/misc/pawb14-22231.pdf
         represented by: Edgardo D. Santillan, Esq.
                         SANTILLAN LAW FIRM, P.C.
                         E-mail: edscourt@debtlaw.com

In re Dellon Binnon Ash, II
   Bankr. E.D. Tenn. Case No. 14-12338
      Chapter 11 Petition filed May 30, 2014

In re Traci Gero Lewis
   Bankr. W.D. Tex. Case No. 14-51417
      Chapter 11 Petition filed May 30, 2014

In re Anthony W. Borden
   Bankr. N.D. Miss. Case No. 14-12078
      Chapter 11 Petition filed May 31, 2014

In re Linda G. Knapp
   Bankr. S.D. Ohio Case No. 14-53999
      Chapter 11 Petition filed May 31, 2014

In re Rory Christopher Crews
   Bankr. W.D. Tex. Case No. 14-51449
      Chapter 11 Petition filed May 31, 2014

In re Zoya Kosovska
   Bankr. E.D. Cal. Case No. 14-25893
      Chapter 11 Petition filed June 2, 2014

In re Kobe Restaurant Group, LLC
   Bankr. N.D. Fla. Case No. 14-50188
     Chapter 11 Petition filed June 2, 2014
         See http://bankrupt.com/misc/flnb14-50188.pdf
         represented by: Robert C. Bruner, Esq.
                         E-mail: RobertCBruner@hotmail.com

In re Rae Manufacturing Company
   Bankr. E.D. Mich. Case No. 14-49508
     Chapter 11 Petition filed June 2, 2014
         See http://bankrupt.com/misc/mieb14-49508.pdf
         represented by: Michael A. Greiner, Esq.
                         FINANCIAL LAW GROUP, P.C.
                         E-mail: mike@financiallawgroup.com

In re Ronald E. Leyland
   Bankr. N.D. Ohio Case No. 14-61241
      Chapter 11 Petition filed June 2, 2014

In re Wilfredo Mendez Colon
   Bankr. D.P.R. Case No. 14-04602
     Chapter 11 Petition filed June 2, 2014
         See http://bankrupt.com/misc/prb14-04602.pdf
         represented by: Jesus Enrique Batista Sanchez, Esq.
                         THE BATISTA LAW GROUP, PSC
                         E-mail: rosafblg@gmail.com

In re Wilfredo Mendez Colon and Janette Lugardo Quiles
   Bankr. D.P.R. Case No. 14-04602
      Chapter 11 Petition filed June 2, 2014

In re William Barry Walsh
   Bankr. E.D. Tex. Case No. 14-41189
     Chapter 11 Petition filed June 2, 2014
         See http://bankrupt.com/misc/txeb14-41189.pdf
         represented by: Areya Holder, Esq.
                         HOLDER LAW
                         E-mail: areya@holderlawpc.com

In re Francis McQueen Rozelle, Jr.
   Bankr. W.D. Tex. Case No. 14-51480
      Chapter 11 Petition filed June 2, 2014

In re Clarita Sommers Johnson
   Bankr. W.D. Tex. Case No. 14-51484
      Chapter 11 Petition filed June 2, 2014

In re Estrella Medical Masters, Ltd.
   Bankr. W.D. Tex. Case No. 14-51489
     Chapter 11 Petition filed June 2, 2014
         See http://bankrupt.com/misc/txwb14-51489.pdf
         represented by: Dean William Greer, Esq.
                         E-mail: dwgreer@sbcglobal.net

In re Farmers Foods Webb Avenue, LLC
   Bankr. E.D. Va. Case No. 14-33014
     Chapter 11 Petition filed June 2, 2014
         See http://bankrupt.com/misc/vaeb14-33014.pdf
         represented by: David K. Spiro, Esq.
                         HIRSCHLER FLEISCHER
                         E-mail: dspiro@hf-law.com

In re Terry H. Robinson
   Bankr. E.D. Va. Case No. 14-72040
      Chapter 11 Petition filed June 2, 2014

In re Action Auto Services, LLC
        dba Action Towing and Transport
   Bankr. E.D. Wash. Case No. 14-02083
     Chapter 11 Petition filed June 2, 2014
         See http://bankrupt.com/misc/waeb14-02083.pdf
         represented by: Robert McMillen, Esq.
                         TELQUIST ZIOBRO MCMILLEN
                         E-mail: carla@tzmlaw.com

In re SSS Partnership, an Arizona Limited Partnership
   Bankr. D. Ariz. Case No. 14-08540
     Chapter 11 Petition filed June 3, 2014
         See http://bankrupt.com/misc/azb14-08540.pdf
         represented by: Anthony W. Clark, Esq.
                         CLARK & ASSOCIATES
                         E-mail: ecf@awcesq.com

In re Power Delivery Systems, Inc.
   Bankr. C.D. Cal. Case No. 14-17336
     Chapter 11 Petition filed June 3, 2014
         See http://bankrupt.com/misc/cacb14-17336.pdf
         represented by: Stephen R. Wade, Esq.
                         THE LAW OFFICES OF STEPHEN R. WADE
                         E-mail: srw@srwadelaw.com

In re Viorel Hodis and Dana Simona Hodis
   Bankr. N.D. Cal. Case No. 14-42435
      Chapter 11 Petition filed June 3, 2014

In re Christ Tabernacle Missionary Baptist Church, Inc.
       fka Davis Street Community Development Center
   Bankr. M.D. Fla. Case No. 14-02745
     Chapter 11 Petition filed June 3, 2014
         See http://bankrupt.com/misc/flmb14-02745.pdf
         represented by: Jason A. Burgess, Esq.
                         THE LAW OFFICES OF JASON A. BURGESS, LLC
                         E-mail: jason@jasonaburgess.com

In re Henry Acosta
   Bankr. M.D. Fla. Case No. 14-06525
      Chapter 11 Petition filed June 3, 2014

In re Lenford Samuel Williams
   Bankr. S.D. Fla. Case No. 14-22855
     Chapter 11 Petition filed June 3, 2014
         See http://bankrupt.com/misc/flsb14-22855.pdf
         Filed Pro Se

In re Wade Thomas Sprouse
   Bankr. M.D. Ga. Case No. 14-70685
      Chapter 11 Petition filed June 3, 2014

In re Wendell Lawrence, Jr and Kathleen Lydia Lawrence
   Bankr. D. Idaho Case No. 14-00950
      Chapter 11 Petition filed June 3, 2014

In re Marion S. Lewis, Jr. and Catherine J. Lewis
   Bankr. D. M.D. Case No. 14-09075
      Chapter 11 Petition filed June 3, 2014

In re Duane S. Osborn
   Bankr. D. Nev. Case No. 14-13939
      Chapter 11 Petition filed June 3, 2014

In re Donald S. Failor and Michele L. Failor
   Bankr. M.D. Pa. Case No. 14-02620
      Chapter 11 Petition filed June 3, 2014

In re Ernesto A. Sanchez Espinosa
   Bankr. D.P.R. Case No. 14-04608
      Chapter 11 Petition filed June 3, 2014

In re Happy Sweet Inc.
   Bankr. D.P.R. Case No. 14-04616
     Chapter 11 Petition filed June 3, 2014
         See http://bankrupt.com/misc/prb14-04616.pdf
         represented by: Carlos Rodriguez Quesada, Esq.
                         LAW OFFICE OF CARLOS RODRIGUEZ QUESADA
                         E-mail: cerqlaw@gmail.com

In re Darrell Mark Grams
   Bankr. N.D. Tex. Case No. 14-32750
      Chapter 11 Petition filed June 3, 2014

In re Cuatro Locos, LLC
   Bankr. W.D. Tex. Case No. 14-60504
     Chapter 11 Petition filed June 3, 2014
         See http://bankrupt.com/misc/txwb14-60504.pdf
         represented by: John A. Montez, Esq.
                         MONTEZ & WILLIAMS, P.C.
                         E-mail: johna.montez@yahoo.com

In re Russell Hamlin Malone, III
   Bankr. E.D. Va. Case No. 14-33034
      Chapter 11 Petition filed June 3, 2014

In re Henry Giovanni Granados
   Bankr. C.D. Cal. Case No. 14-12830
      Chapter 11 Petition filed June 4, 2014

In re Amelia Parga
   Bankr. C.D. Cal. Case No. 14-20939
      Chapter 11 Petition filed June 4, 2014

In re Harold K. Hedlund and Lisa D. Hedlund
   Bankr. C.D. Cal. Case No. 14-20979
      Chapter 11 Petition filed June 4, 2014

In re Manuel S. Asadurian, Jr.
   Bankr. C.D. Cal. Case No. 14-11196
      Chapter 11 Petition filed June 4, 2014

In re B & K Associates, Inc.
   Bankr. D. Maine Case No. 14-20435
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/deb14-20435.pdf
         represented by: Tanya Sambatakos, Esq.
                         MOLLEUR LAW OFFICE
                         E-mail: tanya@molleurlaw.com

In re RSD Group, Inc.
   Bankr. D. Mass. Case No. 14-12708
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/mab14-12708.pdf
         represented by: Nina M. Parker, Esq.
                         PARKER & ASSOCIATES
                         E-mail: nparker@ninaparker.com

In re Gary Douglas Salant and Sherry Ann Salant
   Bankr. E.D. Mo. Case No. 14-44564
      Chapter 11 Petition filed June 4, 2014

In re 950 East Grand Corp.
   Bankr. D.N.J. Case No. 14-21585
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/njb14-21585.pdf
         represented by: Jonathan Goodman, Esq.

In re 940 East Grand Corp.
   Bankr. D.N.J. Case No. 14-21588
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/njb14-21588.pdf
         represented by: Jonathan Goodman, Esq.

In re Cape Fear Realty, LLC
   Bankr. E.D.N.C. Case No. 14-03198
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/nceb14-03198.pdf
         represented by: David J. Haidt, Esq.
                         AYERS, HAIDT & TRABUCCO, P.A.
                         E-mail: davidhaidt@embarqmail.com

In re Glenn Howard Garrett
   Bankr. E.D.N.C. Case No. 14-03195
      Chapter 11 Petition filed June 4, 2014

In re Precious Cargo Child Care and Learning Center, Inc.
   Bankr. W.D. Pa. Case No. 14-22315
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/pawb14-22315.pdf
         represented by: Salene R.M. Kraemer, Esq.
                         MAZURKRAEMER BUSINESS LAW
                         E-mail: salene@mazurkraemer.com

In re Laboratorio Clinico Los Robles Inc.
   Bankr. D.P.R. Case No. 14-04618
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/prb14-04618.pdf
         represented by: Ada M. Conde, Esq.
                         E-mail: condelawpr@gmail.com

In re LifeSpan Resources of Texas, Inc.
        dba LifeCenter Skills of Development
        - Health Resources Management
   Bankr. N.D. Tex. Case No. 14-32774
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/txnb14-32774.pdf
         Filed Pro Se

In re E. A. Michaels, Inc.
   Bankr. E.D. Va. Case No. 14-33049
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/vaeb14-33049.pdf
         represented by: Robert A. Canfield, Esq.
                         Canfield, Baer, & Heller, LLP
                         E-mail: bcanfield@canfieldbaer.com

In re Happy Hiding Inc.
   Bankr. W.D. Wash. Case No. 14-43188
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/wawb14-43188.pdf
         represented by: Christopher E. Allen, Esq.
                         MORTON MCGOLDRICK, P.S.
                         E-mail: ceallen@bvmm.com

In re JAS Development Inc.
   Bankr. W.D. Wash. Case No. 14-43189
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/wawb14-43189.pdf
         represented by: Christopher E. Allen, Esq.
                         MORTON MCGOLDRICK, P.S.
                         E-mail: ceallen@bvmm.com

In re Storage Warehouse Solution Inc.
   Bankr. W.D. Wash. Case No. 14-43190
     Chapter 11 Petition filed June 4, 2014
         See http://bankrupt.com/misc/wawb14-43190.pdf
         represented by: Christopher E. Allen, Esq.
                         MORTON MCGOLDRICK, P.S.
                         E-mail: ceallen@bvmm.com

In re Stuart A Smith and Renee M Smith
   Bankr. C.D. Cal. Case No. 14-13587
      Chapter 11 Petition filed June 5, 2014

In re Navin Dahya Patel and Ansuya Navin Patel
   Bankr. M.D. Fla. Case No. 14-02780
      Chapter 11 Petition filed June 5, 2014

In re James W. Wardner
   Bankr. M.D. Fla. Case No. 14-06595
      Chapter 11 Petition filed June 5, 2014

In re Rosvold Enterprises, Inc.
        dba Campus Pizza & Pasta
   Bankr. D. Minn. Case No. 14-42422
     Chapter 11 Petition filed June 5, 2014
         See http://bankrupt.com/misc/mnb14-42422.pdf
         represented by: Steven C. Opheim, Esq.
                         DUDLEY AND SMITH
                         E-mail: sopheim@dudleyandsmith.com

In re Belvedere Towers Owners Association,
a Nevada Non-Profit Corporation
   Bankr. D. Nev. Case No. 14-50989
     Chapter 11 Petition filed June 5, 2014
         See http://bankrupt.com/misc/nvb14-50989.pdf
         represented by: Cecilia Lee, Esq.
                         CECILIA LEE, LTD.
                         E-mail: efile@cecilialee.net

In re Sparkle Cleaner, LLC
   Bankr. D.N.J. Case No. 14-21700
     Chapter 11 Petition filed June 5, 2014
         See http://bankrupt.com/misc/njb14-21700.pdf
         represented by: Nicole L. Perskie, Esq.
                         LAW OFFICES OF LEWIS & PERSKIE
                         E-mail: nperskie@gmail.com

In re Paul Parker
   Bankr. S.D.N.Y. Case No. 14-11729
      Chapter 11 Petition filed June 5, 2014

In re Carlos J. Arbona Garcia
   Bankr. D.P.R. Case No. 14-04679
      Chapter 11 Petition filed June 5, 2014

In re Mi Sueno Tex Mex, LLC
   Bankr. E.D. Tex. Case No. 14-41228
     Chapter 11 Petition filed June 5, 2014
         See http://bankrupt.com/misc/txeb14-41228.pdf
         represented by: Gregory W. Mitchell, Esq.
                         THE MITCHELL LAW FIRM, L.P.
                         E-mail: greg@mitchellps.com

In re Bart M. Bailey and Stephanie P. Bailey
   Bankr. S.D. Ala. Case No. 14-01843
      Chapter 11 Petition filed June 6, 2014

In re KOHO, Inc.
   Bankr. C.D. Cal. Case No. 14-21169
     Chapter 11 Petition filed June 6, 2014
         See http://bankrupt.com/misc/cacb14-21169.pdf
         represented by: Chan Y. Jeong, Esq.
                         LAW OFFICES OF CHAN YONG JEONG
                         E-mail: jeong@jeonglikens.com

In re Shaukat Ali Chohan and Mahmooda K. Chohan
   Bankr. C.D. Cal. Case No. 14-13606
      Chapter 11 Petition filed June 6, 2014

In re Connie Stevens
   Bankr. C.D. Cal. Case No. 14-21156
      Chapter 11 Petition filed June 6, 2014

In re Jintana Shaw
   Bankr. E.D. Cal. Case No. 14-26071
      Chapter 11 Petition filed June 6, 2014

In re Jun Kwock Tom and Wai Kuen Tom
   Bankr. N.D. Cal. Case No. 14-30862
      Chapter 11 Petition filed June 6, 2014

In re Demmie Balauro Acosta
   Bankr. N.D. Cal. Case No. 14-30864
      Chapter 11 Petition filed June 6, 2014

In re JazzKat Amplifiers, LLC
   Bankr. D.N.J. Case No. 14-21755
     Chapter 11 Petition filed June 6, 2014
         See http://bankrupt.com/misc/njb14-21755.pdf
         represented by: Timothy J. McNichols, Esq.
                         LEVIN CYPHERS

In re Delma O. White and Hilda D. White
   Bankr. E.D.N.C. Case No. 14-03249
      Chapter 11 Petition filed June 6, 2014

In re Integrity Facilities Management Inc.
   Bankr. M.D.N.C. Case No. 14-80617
     Chapter 11 Petition filed June 6, 2014
         See http://bankrupt.com/misc/ncmb14-80617.pdf
         represented by: Florence A. Bowens, Esq.
                         E-mail: FBOWENSlaw@aol.com

In re Kotara & Sons, LLC
   Bankr. N.D. Tex. Case No. 14-20205
     Chapter 11 Petition filed June 7, 2014
         See http://bankrupt.com/misc/txnb14-20205.pdf
         represented by: Jeffery D. Carruth, Esq.
                         WEYCER, KAPLAN, PULASKI & ZUBER, P.C.
                         E-mail: jcarruth@wkpz.com

In re Villas at Spring Hill, Ltd.
        fka Creative Choice Homes XXXIII, Ltd.
   Bankr. M.D. Fla. Case No. 14-06684
     Chapter 11 Petition filed June 9, 2014
         See http://bankrupt.com/misc/flmb14-06684.pdf
         represented by: David S. Jennis, Esq.
                         JENNIS & BOWEN, P.L.
                         E-mail: ecf@jennisbowen.com

In re Jose Luis Crespo Lorenzo
   Bankr. D.P.R. Case No. 14-04720
     Chapter 11 Petition filed June 9, 2014
         See http://bankrupt.com/misc/prb14-04720.pdf
         represented by: Jose Ramon Cintron, Esq.
                         E-mail: jrcintron@prtc.net

In re Anita Marie Acevedo Vazquez
   Bankr. D.P.R. Case No. 14-04721
      Chapter 11 Petition filed June 9, 2014




                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com by e-mail.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
petitions in Acrobat PDF documents.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo Fernandez,
Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2014.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


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