TCR_Public/140819.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Tuesday, August 19, 2014, Vol. 18, No. 230

                            Headlines

818 GREEN STREET: Status Conference Set for Sept. 24
ABDAC INC: Foreclosure Sale Set for Sept. 19
ADAMIS PHARMACEUTICALS: Incurs $2.8MM Net Loss in June 30 Quarter
AFRODITI LEDSTROM: LV Cabaret's Bid for Leave to Appeal Denied
AGFEED USA: Aug. 21 Hearing on Exclusivity Extension

AIRTRONIC USA: GDSI's Involvement in Bankruptcy Case Concluded
AMBAC FINANCIAL: Capmark to Get $61MM from RSA Sale
AMERICAN MEDIA: Funds to Purchase 100% Equity for $2-Mil.
AMERICAN NATURAL: Posts $1.4 Million Net Income in Second Quarter
AMINCOR INC: Incurs $2 Million Q2 Net Loss, Warns of Bankruptcy

APOLLO MEDICAL: Unit Acquires All Shares of Calif. Medical Group
ARAMID ENTERTAINMENT: Hires Irell & Manella as Litigation Counsel
ARISTA POWER: Posts $1.8 Million Second Quarter Net Income
ASARCO LLC: Union Pacific Wins In $214M 8th Circ. Cleanup Row
ASSI IRVINE MARKET: Hanmi Bank to Hold Foreclosure Sale Aug. 26

ATLS ACQUISITION: Files Ch. 11 Plan of Liquidation
BAKERSFIELD GROVE: Continued Dismissal Hearing Set for Dec. 18
BANCO ESPIRITO SANTO: Credit Protection Pacts Migrate to New Bank
BAYOU SHORES: Voluntary Chapter 11 Case Summary

BOREAL WATER: Delays Filing of Second Quarter Form 10-Q
BOYNTON BEACH CHARTER SCHOOL: S&P Lowers Rev. Bonds Rating to 'CC'
BROWN BROTHERS: Case Summary & 20 Largest Unsecured Creditors
BUCCANEER RESOURCES: Files Schedules of Assets and Liabilities
C&K MARKET: Yantis Has Pact With Lenders Over Claims Dispute

C&K MARKET: US Bank Reserves Rights Under Subordination Deals
CALDERA PHARMACEUTICALS: Incurs $1.2 Million Net Loss in Q2
CANCER GENETICS: Incurs $4.2 Million Net Loss in Second Quarter
CASPIAN SERVICES: Delays Form 10-Q Filing, Expects $1.4MM Q3 Loss
CEETOP INC: Delays Filing of June 30 Quarterly Report

CENTURY ARMS: Has $2.2MM Purchase Offer; Aug. 22 Sale Hearing
CHHATRALA EDES: Case Summary & 7 Unsecured Creditors
COLDWATER CREEK: Has Until Oct. 31 to Decide on Leases
COLLEGE WAY: ECP Joins Bid to Convert Chap. 11 Case to Chapter 7
COLT DEFENSE: Delayed 2Q Rpt. Filing No Impact on Moody's CFR

COMMERCIAL VEHICLE GRP: Moody's Affirms B2 Corp. Family Rating
COTTONWOOD ESTATES: Wants to Hire Clyde Snow as Co-counsel
CRUNCHIES FOOD: Case Summary & 20 Largest Unsecured Creditors
D.A.B. GROUP: U.S. Trustee Unable to Form Committee
DANIEL HENDON: Diversified Funding Wins Judgment in Guaranty Suit

DETROIT, MI: $1.45 Billion Pension Debt Trial Set for Next June
DYNASIL CORP: Posts $74,000 Net Income in Third Quarter
DYNCORP INT'L: Moody's Lowers Corp. Family Rating to 'B3'
ENERGY FUTURE: Blasts Bid For 2nd Unsecured Creditors Committee
ENERGY FUTURE: Extends Bar Date For Asbestos Claims

EVERGREEN COUNTRY CLUB: Lender to Hold Foreclosure Sale Aug. 25
EVERGREEN COUNTRY CLUB: Berkeley Drive Lots to Be Sold Aug. 25
EXIDE TECHNOLOGIES: UST Not Convinced on Equity Panel Appointment
F&H ACQUISITION: Has Exclusivity in Plan Filing Thru Oct. 13
FALCON STEEL: Hires Forshey & Prostok as Attorneys

FALCON STEEL: Creditors' Panel Taps McCathern as Counsel
FIELD TIME SPORTS: Case Summary & 20 Largest Unsecured Creditors
FONTAINEBLEAU LAS VEGAS: BofA Takes Note Dispute To Fed. Court
GENERAL MOTORS: Judge Warms To Discovery In Ignition Switch MDL
GENUTEC BUSINESSS: Taps Shulman Hodges as Collection Counsel

GGW BRANDS: Judge Recommends Jail for Girls Gone Wild Founder
GRAND CENTREVILLE: Wells Fargo Withdraws Motion to Dismiss Case
GREEN MOUNTAIN: Has Interim Authority to Use Cash Collateral
GUIDED THERAPEUTICS: Warns of Possible Bankruptcy Filing
HELIA TEC: HSC Reserves Rights to Challenge Hughes' Authority

HOSPITALITY STAFFING: Taps Grant Thornton to Provide Tax Services
HOWREY LLP: Trade Creditors Agree to Dismiss Appeal
IDEARC INC: 5th Circ. Renews Yellow Pages ERISA Suit
INTERLEUKIN GENETICS: Warns of Possible Bankruptcy Filing
IRISH BANK: Sheehan Prepared to Close on Purchase of Loan Assets

ISR GROUP: Court Approves Hiring of Neligan Foley as Counsel
LAMSON AND GOODNOW: Case Summary & 20 Largest Unsecured Creditors
LEHMAN BROTHERS: LBI Trustee to Start $4.6-Bil. Payout
LEHMAN BROTHERS: SIPC Lauds Trustee on Distributions to Creditors
LIGHTSQUARED INC: Milbank Reaps $14MM in Bankruptcy Fees

LOS GATOS HOTEL: Parties Ask Court to Extend Cash Collateral Use
LOVE CULTURE: Judge Approves Sale; Some Stores to Remain Open
LUNA DAY: Land & Buildings to Be Sold at Aug. 25 Auction
M*MODAL: Unveils New Board of Directors Following Chapter 11 Exit
M.S. REAL ESTATE: Case Summary & 4 Unsecured Creditors

MEDICURE INC: Provides Update on Tardoxal and Tend-TD Study
MEGA RV: Files List of 20 Largest Unsecured Creditors
MEGA RV: Committee Taps Glusker Fields as Bankruptcy Counsel
MF GLOBAL: Asks Judge Not to Toss Lawsuit Against PwC
MID-WILSHIRE PROPERTY: Assets to Be Sold at Sept. 4 Auction

MIG LLC: Files Schedules of Assets and Liabilities
MINI MASTER: Plan Filing Deadline Extended to Oct. 11
MOBILESMITH INC: Incurs $1.6 Million Net Loss in Second Quarter
MONTREAL MAINE: Disaster Findings Unlikely to Mark Final Chapter
MOSS FAMILY: Gets Interim Approval to Use Bank's Cash Collateral

MOSS FAMILY: Court Moves DIP Financing Hearing to Sept. 17
MPM SILICONES: Wants Exclusivity Periods Extended for 60 Days
MPM SILICONES: Lease Decision Period Extended Thru Nov. 10
NII HOLDINGS: Skips $118.8-Mil. Senior Note Interest Payment
NORTEL NETWORKS: Judge to Press Creditors to End $7 Billion Fight

NORTEL NETWORKS: Canadian Arm Granted Time To Fight Interest Deal
OHCMC-OSWEGO LLC: Has New Stalking Horse Bidder
ORECK CORP: OAC and Royal Want Protection From Class Actions
ORMET CORP: 11th DIP Amendment Approval Sought
OVERSEAS SHIPHOLDING: S&P Assigns 'B' Corp. Credit Rating

OXBOW CARBON: S&P Lowers Corp. Credit Rating to 'BB-'
PARAGON OFFSHORE: S&P Revises Outlook & Affirms 'BB' Rating
PHILADELPHIA SCHOOL: Moody's Cuts $3.2BB GO Debt Rating to 'Ba3'
PRIUM COMPANIES: Case Summary & 20 Largest Unsecured Creditors
PROSPECT PARK: Opts For Liquidation

PRM FAMILY: Sept. 17 Hearing on Liquidating Plan Outline
PUERTO RICO ELECTRIC: Creditors Agree to Amend Bond Documents
QUEST SOLUTION: Incurs $262,000 Second Quarter Net Loss
RAAM GLOBAL: Moody's Lowers Corporate Family Rating to 'Caa2'
REGIONAL CARE: Reorganization Plan Declared Effective

RESPONSE BIOMEDICAL: Posts C$288,000 Net Income in Q2
REVEL AC: Fox Rothschild To Return Money, Continue As Counsel
RIVER CITY RENAISSANCE: Submits List of Equity Security Holders
RR DONNELLEY ARGENTINA: Files for Bankruptcy Liquidation
SALUBRIOUS PHARMACEUTICAL: Case Summary & 8 Top Unsec. Creditors

SCSLSJ341 LLC: Land, Buildings to Be Sold at Aug. 25 Auction
SEAWORLD PARKS: Moody's Affirms 'B1' CFR & 'Ba3' Debt Ratings
SEVEN COUNTIES: NextGen's Bid to Withdraw Reference Denied
SHENGDATECH INC: Mudd & Saidman Dismissed From Securities Case
SIMON WORLDWIDE: Incurs $1 Million Net Loss in Second Quarter

SITEL WORLDWIDE: S&P Lowers CCR to 'B-' on Weak Covenant Headroom
SKYLINE MANOR: Blueprint Approved to Market and Sell Property
SUNTECH POWER: Solyndra Wants Ch.15 Case Moved to N.D. Cal.
TITAN INTERNATIONAL: S&P Affirms 'B+' CCR & Alters Outlook to Neg.
TMT USA: Nobu Su Asks Court to Stay Whale Vessels Sale Orders

TMT USA: Ask Court to Clarify Matters Regarding Su Complaints
TWEETER HOME: Creditors' Committee, Bose Settlement Filed
USMART MOBILE: Needs More Time to File 10-Q
VERIS GOLD: Posts Net Loss of $8.1 Million in Second Qtr.
VERITY CORP: Delays Form 10-Q Filing, Sees $349,000 Q3 Loss

VIRGINIA KERN: Case Summary & 2 Largest Unsecured Creditors
VIVA ALAMO: S&P Assigns 'BB-' Rating on $565-Mil. Secured Loans
WALTER ENERGY: S&P Raises CCR to 'CCC+'; Outlook Negative

* Firm Suing 270 Debtors Daily Accused of High-Speed Errors

* Bitcoin's Price Sinks but Cases Little Alarm Among Traders
* New York Regulator Announces Settlement With PwC
* Private Equity Firms Agree to Settle Lawsuit on Collusion
* Car Loans Found to Lead to Bankruptcy

* Argentina Appeals to White House In Sovereign Debt Crisis

* Combined Defaults and Deferrals Decreased in July, Fitch Says
* Consumer Credit in U.S. Rises on Demand for Car, Student Loans
* FICO Recalibrates Its Credit Scores

* Lewis Brisbois Adds Commercial Litigation Pro to SF Office

* Large Companies With Insolvent Balance Sheet


                             *********


818 GREEN STREET: Status Conference Set for Sept. 24
----------------------------------------------------
Bankruptcy Judge William J. Lafferty, III, set a status conference
for September 24, 2014, in the case, Martin Lee Eng, Plaintiff, v.
818 Green Street LLC, Defendant, Adv. Proc. No. 14-04094 (Bankr.
N.D. Calif.).  An "Application to Proceed Without PrePaying Fees
or Costs" was filed in the adversary proceeding on August 6.  The
judge said the Application will be considered at the status
conference.

A copy of the Court's ruling is avialabe at http://is.gd/ysmsL9
from Leagle.com.

818 Green Street LLC, based in Pleasanton, Calif., filed for
Chapter 11 bankruptcy (Bankr. N.D. Calif. Case No. 14-42286) on
May 26, 2014, in Oakland.  Judge William J. Lafferty oversees the
case.  The Debtor is represented by the Law Offices of Mark W.
Lapham, Esq.  It listed total assets of $3.5 million and total
liabilities of $3.2 million.  The petition was signed by Harry
Nguyen, managing member.


ABDAC INC: Foreclosure Sale Set for Sept. 19
--------------------------------------------
Pursuant to judgment of foreclosure and sale dated Jan. 6, 2014,
William F. MacKey, Jr., as Referee, will sell at public auction in
Courtroom #25 on Sept. 19, 2014 at 10:00 a.m. at the Queens County
General Courthouse, 88-11 Sutphin Blvd., Jamaica, NY the premises
known as Block 12178, Lot 3.

The judgement was entered in the case, SUPREME COURT: QUEENS
COUNTY. NYCTL 1998-2 TRUST AND THE BANK OF NEW YORK MELLON, AS
COLLATERAL AGENT AND CUSTODIAN FOR NYCTL 1998-2 TRUST, Pltf. vs.
ABDAC, INC., et al, Defts. Index #14343/2013.

The property will be sold subject to terms and conditions of the
judgment and terms of sale.

The Referee and counsel to the Plaintiff may be reached at:

     William F. MacKey, Jr., Esq.
     LEVY & LEVY
     12 Tulip Dr.
     Great Neck, NY


ADAMIS PHARMACEUTICALS: Incurs $2.8MM Net Loss in June 30 Quarter
-----------------------------------------------------------------
Adamis Pharmaceuticals Corporation filed with the U.S. Securities
and Exchange Commission its quarterly report for the period ended
June 30, 2014.

The Company reported a net loss of $2.88 million on $0 of revenue
for the three months ended June 30, 2014, as compared with a net
loss of $1.04 million on $0 of revenue for the same period in
2013.

As of June 30, 2014, the Company had $11.56 million in total
assets, $1.90 million in total liabilities and $9.65 million in
total stockholders' equity.

                         Bankruptcy warning

"Our management intends to attempt to secure additional required
funding through equity or debt financings, sales or out-licensing
of intellectual property assets, seeking partnerships with other
pharmaceutical companies or third parties to co-develop and fund
research and development efforts, or similar transactions.
However, there can be no assurance that we will be able to obtain
any required additional funding.  If we are unsuccessful in
securing funding from any of these sources, we will defer, reduce
or eliminate certain planned expenditures and delay development or
commercialization of some or all of our products.  If we do not
have sufficient funds to continue operations, we could be required
to seek bankruptcy protection or other alternatives that could
result in our stockholders losing some or all of their investment
in us," the Company said in the Report.

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

                        http://is.gd/JbA94S

                            About Adamis

San Diego, Calif.-based Adamis Pharmaceuticals Corporation (OTC
QB: ADMP) is a biopharmaceutical company engaged in the
development and commercialization of specialty pharmaceutical and
biotechnology products in the therapeutic areas of respiratory
disease, allergy, oncology and immunology.

Adamis reported a net loss of $8.15 million for the year ended
March 31, 2014, as compared with a net loss of $7.19 million for
the year ended March 31, 2013.

Mayer Hoffman McCann P.C., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended March 31, 2014.  The independent auditors noted
that the Company has incurred recurring losses from operations and
has limited working capital to pursue its business alternatives.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


AFRODITI LEDSTROM: LV Cabaret's Bid for Leave to Appeal Denied
--------------------------------------------------------------
Nevada District Judge James C. Mahan denied the motion for leave
to appeal filed by defendants/appellants 1531 LVBS, LLC and LV
Cabaret South, LLC, in the lawsuit filed by the Chapter 11 trustee
for the bankruptcy case of Afroditi Ledstrom.

The Defendants argue, inter alia, that the bankruptcy court lacked
subject-matter jurisdiction to issue its order.  However, on
August 1, 2014, the District Court granted a stipulation in which
the parties acknowledged that the issue of subject-matter
jurisdiction is currently pending before the bankruptcy court.

Because one of the issues upon which defendants seek review is
currently pending before the bankruptcy court, it is not
appropriate for the District Court to grant leave to appeal at
this time. Thus, defendants' motion will be denied without
prejudice.

As reported by the Troubled Company Reporter, owners of the
business entities OGE, OGEAD, and Aristotle Holdings who hold
various property interests in the Olympic Garden adult
entertainment club in Las Vegas commenced litigation against each
other in Nevada state court in December 2009.  One of the owners
is the Debtor, who filed her chapter 11 petition (Bankr. D. Nev.
Case No. 12-11672) on February 14, 2012.  On May 4, 2012, the
state court action was removed to the bankruptcy court.  On August
21, 2013, Defendant 1531 entered into an Agreement to purchase the
assets and real property constituting the OG Club from OGE and
OGEAD subject to the bankruptcy court's approval.  On August 22,
2013, Defendants deposited earnest money into escrow, but failed
to close escrow under the terms of the agreement, prompting the
adversary proceeding.

The Complaint was filed in January 2014.  The causes of action
alleged are: (1) breach of contract, (2) declaratory relief under
28 U.S.C. Sec. 2201, (3) promissory estoppel, (4) specific
performance, and (5) injunctive relief.

The case is, YVETTE WEINSTEIN, Chapter 11 Trustee, Plaintiff(s),
v. 1531 LVBS, LLC, et al., Defendant(s), No. 2:14-CV-819 JCM (D.
Nev.).  A copy of the District Court's August 12, 2014 Order is
available at http://is.gd/LOqWl0from Leagle.com.

The Chapter 11 trustee is represented by:

     Douglas D. Gerrard, Esq.
     Sheldon A. Herbert, Esq.
     GERRARD COX & LARSEN
     2450 St Rose Pkwy
     Henderson, NV 89074
     Tel: 702-796-4000

1531 LVBS, LLC, and LV Cabaret South, LLC, are represented by:

     John F. O'Reilly, Esq.
     Timothy Ryan O'Reilly, Esq.
     O'REILLY LAW GROUP
     325 S. Maryland Pkwy
     Las Vegas, NV 89101-5300
     Tel: (702) 382-2500
     Fax: (702) 384-6266
     E-mail: info@oreillylawgroup.com

Aristotelis Eliades and OG Eliades Ad, LLC,, Intervenor
Plaintiffs, are represented by:

     Dana A. Dwiggins, Esq.
     SOLOMON DWIGGINS FREER & MORSE, LTD.
     9060 West Cheyenne Avenue
     Las Vegas, NV 89129
     Tel: 702-997-7714
     Toll free: 800-671-9908
     Fax: 702-853-5485


AGFEED USA: Aug. 21 Hearing on Exclusivity Extension
----------------------------------------------------
The Bankruptcy Court will convene a hearing on Aug. 21, at 9:30
a.m., to consider AgFeed USA, LLC, et al.'s motion for exclusivity
extension.  Objections, if any, are due Aug. 12 at 4:00 p.m. (ET)

As reported in the Troubled Company Reporter on Aug. 1, 2014,
Jefferies Leveraged Credit Products, LLC and Claims Recovery
Group, LLC filed an objection and reservation of rights to the
supplement to the motion of the Debtors for entry of a fifth order
further extending the exclusive periods for the filing of a
Chapter 11 Plan and solicitation of acceptance thereof.

Lawrence J. Kotler, Esq., of Duane Morris, LLP in Delaware,
Wilmington, said the supplement is just another motion seeking yet
another extension of time further extending the Debtor's exclusive
periods to file and solicit their plan.

However, unlike the previous five requests, the supplement will
now deprive creditors and parties-in-interest with a right to
object to such a request, Mr. Kotler added.

Jefferies and Claims Recovery Group asked the Court to deny the
relief requested in the supplement in it entirety or require the
Debtors to file a proper motion seeking an extension of the
exclusive periods.

As reported in the Troubled Company Reporter on July 24, 2014, the
Debtors supplemented their motion
seeking further extension of their exclusive periods, asking the
U.S. Bankruptcy Court for the District of Delaware to further
extend their exclusive plan filing period to Oct. 3, 2014, and
their exclusive plan solicitations period to Dec. 2.

                      About AgFeed Industries

AgFeed Industries, Inc., has 21 farms and five feed mills in China
producing more than 250,000 hogs annually. In the U.S., the
business included 10 sow farms in three states and two feed mills
producing more than one million hogs a year. AgFeed's revenue in
2012 was $244 million.

AgFeed and its affiliates filed voluntary petitions under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 13-11761) on
July 15, 2013, with a deal to sell most of its subsidiaries to The
Maschhoffs, LLC, for cash proceeds of $79 million, absent higher
and better offers.  The Debtors estimated assets of at least $100
million and debts of at least $50 million.

Keith A. Maib signed the petition as chief restructuring officer.
Hon. Brendan Linehan Shannon presides over the case.  Donald J.
Bowman, Jr., and Robert S. Brady, Esq., at Young, Conaway,
Stargatt & Taylor, serve as the Debtors' counsel.   BDA Advisors
Inc. acts as the Debtors' financial advisor.  The Debtors' claims
and noticing agent is BMC Group, Inc.

The U.S. Trustee has appointed a five-member official committee of
unsecured creditors to the Chapter 11 cases.  The Creditors'
Committee tapped Lowenstein Sandler as lead bankruptcy counsel and
Greenberg Traurig, LLP, as co-counsel.  CohnReznick LLP serves as
the Creditors' Committee's financial advisor.

An official committee of equity security holders was also
appointed to the Chapter 11 cases.  The Equity Committee tapped
Sugar Felsenthal Grais & Hammer LLP and Elliott Greenleaf as
co-counsel.

In October 2013, AgFeed completed the sale of the U.S. operations
to three buyers for $79.45 million, including $53.4 million in
cash.

In November 2013, the Court authorized AgFeed to sell its Chinese
assets to Hong Kong firm Good Charm International Development Ltd.
in a deal that is expected to net the debtor $45 million once
several highly negotiated price adjustments are factored in.  An
auction was held for the Chinese facilities on Nov. 20, although
no one emerged to top what was originally a $50.5 million bid.
The price was lowered by $3.45 million in view of what the
contract called "newly discovered" operational problems and
"deterioration of the performance" of feed mills.


AIRTRONIC USA: GDSI's Involvement in Bankruptcy Case Concluded
--------------------------------------------------------------
Global Digital Solutions, Inc. on Aug. 15 provided an update on
the Company's involvement in the Airtronic USA, Inc. bankruptcy
case.

On May 14, 2014, GDSI received $1,509,055.63 in full payment of
its outstanding loans to Airtronic.  On June 12, 2014, GDSI
received $414,760.83 that the Company was awarded for legal fees
and expenses incurred.   GDSI's involvement with Airtronic and its
bankruptcy proceedings has now concluded.

Interested parties may review all of the proceedings in the case
(Airtronic USA Inc. ? Case No. 12-09776) through the US Bankruptcy
Court, Northern District of Illinois Official Court Electronic
Document Filing System ("PACER").

Please use the following link: https://ecf.ilnb.uscourts.gov/
Those wishing to access the PACER system will first need to create
a PACER account, which can be done here
https://pacer.psc.uscourts.gov/pscof/regWizard.jsf

              About Global Digital Solutions, Inc.

Global Digital Solutions -- http://www.gdsi.co-- is positioning
itself as a leader in providing cyber arms manufacturing,
complementary security and technology solutions and knowledge-
based, cyber-related, culturally attuned social consulting in
unsettled areas.

                    About Airtronic USA, Inc.

Airtronic -- http://www.Airtronic.net-- is an electro-mechanical
engineering design and manufacturing company.  It provides small
arms and small arms spare parts to the U.S. Department of Defense,
foreign militaries, and the law enforcement market.  The company's
products include grenade launchers, rocket propelled grenade
launchers, grenade launcher guns, flex machine guns, grenade
machine guns, rifles, and magazines.  Founded in 1990, the company
is based in Elk Grove Village, Illinois.

On May 16, 2012, the voluntary petition of Airtronic, Inc. for
liquidation under Chapter 7 was converted to a Chapter 11
reorganization.  The company had filed for chapter 7 bankruptcy on
March 13, 2012.


AMBAC FINANCIAL: Capmark to Get $61MM from RSA Sale
---------------------------------------------------
On July 15, 2014, Capmark Financial Group Inc. announced that it
has entered into an agreement (the "Sale Agreement") to sell its
interests in a subsidiary ("NewCo") to be formed in connection
with the Restructuring and Settlement Agreement (the "RSA") among
Capmark, certain of its subsidiaries and Ambac Assurance
Corporation ("Ambac") relating to certain low-income housing tax
credit funds for which Ambac issued surety bonds to investors (the
"Ambac Funds").  Under the terms of the Sale Agreement, Capmark
will sell its interests in NewCo to HCP Pacific Holdings, LLC, an
affiliate of Hunt Capital Partners, LLC and Hunt Companies Inc.,
for a purchase price of $31 million.

At the closing of the RSA, $30 million of the approximately $90
million of cash and investment securities previously pledged to
Ambac for up to approximately ten additional years will be
released to Capmark and Capmark will be released from all
obligations related to the Ambac Funds.  NewCo will be capitalized
with the remaining Ambac collateral after payment of certain
expenses in connection with the RSA and with certain other assets
related to the Ambac Funds and will issue a new guarantee to Ambac
for reimbursement of any payments it is required to make under the
surety bonds.

Capmark will receive an aggregate of $61 million upon the closing
of the RSA and the Sale Agreement.  Following the closing of the
Sale Agreement, Capmark will have no remaining interest in the
Ambac Funds or NewCo.

The RSA was filed with the U.S. Bankruptcy Court for the District
of Delaware on June 24, 2014 and approved on July 11, 2014.  The
closing of the RSA and the Sale Agreement are subject to certain
closing conditions.  Capmark currently expects the RSA and the
Sale Agreement to close in the third quarter of 2014, subject to
fulfillment of closing conditions.  Capmark expects to record a
gain on sale of discontinued operations of approximately $30
million after the closing of both the RSA and the Sale Agreement.

                       About Ambac Financial

Ambac Financial Group, Inc., headquartered in New York City, is a
holding company whose affiliates provided financial guarantees and
financial services to clients in both the public and private
sectors around the world.

Ambac Financial filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No.
10-15973) in Manhattan on Nov. 8, 2010.

Ambac's bond insurance unit, Ambac Assurance Corp., is being
restructured by state regulators in Wisconsin.  AAC is domiciled
in Wisconsin and regulated by the Office of the Commissioner of
Insurance of the State of Wisconsin.  The parent company is not
regulated by the OCI.

Bank of New York Mellon Corp., as trustee to seven different types
of notes, is listed as the largest unsecured creditor, with claims
totaling about US$1.62 billion.

The Blackstone Group LP is the Debtor's financial advisor.
Kurtzman Carson Consultants LLC is the claims and notice agent.
KPMG LLP is tax consultant to the Debtor.

Anthony Princi, Esq., Gary S. Lee, Esq., and Brett H. Miller,
Esq., at Morrison & Foerster LLP, in New York, serve as counsel
to the Official Committee of Unsecured Creditors.  Lazard Freres
& Co. LLC is the Committee's financial advisor.

Bankruptcy Judge Shelley C. Chapman entered an order confirming
the Fifth Amended Plan of Reorganization of Ambac Financial Group,
Inc. on March 14, 2012.  The Plan provides for the full payment of
secured claims and 8.5% to 13.2% recovery for general unsecured
claims.  The second modified version of the confirmed Plan was
declared effective on May 1, 2013, with Ambac obtaining bankruptcy
court approval of a $100+ million claims settlement with the
Internal Revenue Service.


AMERICAN MEDIA: Funds to Purchase 100% Equity for $2-Mil.
---------------------------------------------------------
Lisa Allen, writing for The Deal, reported that Chatham Asset
Management, Omega Advisors Inc. CEO Leon Cooperman, and
Cooperman's Omega Charitable Partnership, who, together, already
owned nearly 40% of American Media Inc.'s total debt load, agreed
to purchase 100% of AMI's equity for $2 million in cash and assume
AMI's $513 million debt load in a deal that is expected to close
soon.  According to The Deal, citing a source familiar with the
situation, Chatham and Omega are also planning to aid AMI's
balance sheet by swapping about $120 million of their second-lien
notes for equity shortly after the recapitalization closes.  The
debt-for-equity swap will lighten AMI's debt load by about 23%,
The Deal said.

                       About American Media

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

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

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

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

                           *     *     *

As reported by the TCR on Nov. 20, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Boca Raton, Fla.-
based American Media Inc. to 'CCC+' from 'SD'.  "The upgrade
follows the company's exchange of $94.3 million of its $104.9
million 13.5% second-lien cash-pay notes due 2018 for privately
held $94.3 million 10% second-lien notes due 2018," said
Standard & Poor's credit analyst Hal Diamond.

In the July 10, 2014, edition of the TCR, Moody's Investors
Service has lowered American Media, Inc.'s Corporate Family Rating
(CFR) to Caa1 from B3.  The downgrade of American Media's CFR to
Caa1 reflects Moody's expectation for lower revenue and EBITDA
resulting in higher financial leverage.


AMERICAN NATURAL: Posts $1.4 Million Net Income in Second Quarter
-----------------------------------------------------------------
American Natural Energy Corporation filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing net income of $1.45 million on $470,388 of revenues for
the three months ended June 30, 2014, as compared with a net loss
of $108,867 on $890,320 of revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported net
income of $478,281 on $1.04 million of revenues as compared with a
net loss of $605,142 on $1.90 million of revenues for the same
period last year.

As of June 30, 2014, the Company had $18.99 million in total
assets, $15.37 million in total liabilities and $3.61 million in
total stockholders' equity.

"To date, our production has not been sufficient to fund our
operations and drilling program.  At June 30, 2014, we do not have
any available borrowing capacity and have negative working capital
of approximately $10.0 million," the Company said in the Report.

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

                        http://is.gd/8hZfrP

                        About American Natural

American Natural Energy Corporation is a Tulsa, Oklahoma based
independent exploration and production company with operations in
St. Charles Parish, Louisiana.

American Natural reported a net loss of $3.14 million in 2013, a
net loss of $3.31 million in 2012 and a net loss of $905,792 in
2011.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that the
Company incurred a net loss in 2013 and has a working capital
deficiency and an accumulated deficit at Dec. 31, 2013.


AMINCOR INC: Incurs $2 Million Q2 Net Loss, Warns of Bankruptcy
---------------------------------------------------------------
Amincor, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.02 million on $6.12 million of net revenues for the three
months ended June 30, 2014, compared to a net loss of $1.90
million on $7.04 million of net revenues for the same period in
2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $4.88 million on $12.46 million of net revenues compared
to a net loss of $4.39 million on $14.01 million of net revenues
for the same period during the prior year.

The Company's balance sheet at June 30, 2014, showed $25.79
million in total assets, $44.36 million in total liabilities and a
$18.56 million total deficit.

"Amincor's Management is working to secure additional available
capital resources and turn around the subsidiary companies to
generate operating income.  Amincor may raise additional funds
through public or private debt or equity financings.  However,
there can be no assurance that such resources will be sufficient
to fund the operations of Amincor or the long-term growth of the
subsidiaries businesses.  Amincor cannot assure investors that any
additional financing will be available on favorable terms, or at
all.  Without additional capital resources, Amincor may not be
able to continue to operate, take advantage of unanticipated
opportunities, develop new products or otherwise respond to
competitive pressures, and be forced to curtail its business,
liquidate assets and/or file for bankruptcy protection," the
Company stated in the Report.

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

                        http://is.gd/TqGCQo

                         About Amincor Inc.

New York, N.Y.-based Amincor, Inc., is a holding company
operating through its operating subsidiaries Baker's Pride, Inc.,
Environmental Holdings Corp. and Tyree Holdings Corp., and Amincor
Other Assets, Inc.

BPI is a producer of bakery goods.  Tyree performs maintenance,
repair and construction services to customers with underground
petroleum storage tanks and petroleum product dispensing
equipment.

Through its wholly owned subsidiaries, Environmental Quality
Services, Inc., and Advanced Waste & Water Technology, Inc., EHC
provides environmental and hazardous waste testing and water
remediation services in the Northeastern United States.

Other Assets, Inc., was incorporated to hold real estate,
equipment and loan receivables.  As of March 31, 2013, all of
Other Assets' real estate and equipment are classified as held for
sale.


APOLLO MEDICAL: Unit Acquires All Shares of Calif. Medical Group
----------------------------------------------------------------
On July 22, 2014, pursuant to a Stock Purchase Agreement dated as
of July 21, 2014, among the Target, the shareholders of the Target
and an affiliate of Apollo Medical Holdings, Inc., the Affiliate
acquired all of the outstanding shares of capital stock of a
medical group that provides professional medical services in Los
Angeles County, California (the "Target").  The shares of the
Target were acquired from the Sellers.  The purchase price for the
shares was (i) $2,000,000 in cash, (ii) $362,646 to pay off and
discharge certain indebtedness of the Target, (iii) warrants to
purchase up to 1,000,000 shares of the Company's common stock at
an exercise price of $1.00 per share and (iv) a contingent amount
of up to $1,000,000 payable, if at all, in cash.

The acquisition was funded by an intercompany loan from Apollo
Medical Management, Inc., a wholly-owned subsidiary of the
Company, which also provided an indemnity in favor of one of the
Sellers relating to certain indebtedness of the Target that
remained outstanding following the closing of the acquisition.
Following the acquisition of the Target by the Affiliate, the
Affiliate was merged with and into the Target, with the Target
being the surviving corporation.

In connection with the acquisition of the Target, AMM entered into
a management services agreement with the Affiliate on July 21,
2014.  As a result of the Affiliate's merger with and into the
Target, Target is now the counterparty to this management services
agreement and bound by its terms.  Pursuant to the management
services agreement, AMM will manage all non-medical services for
the Target and will have exclusive authority over all non-medical
decision making related to the ongoing business operations of the
Target, and the financial statements of the Target will be
consolidated as a variable interest entity with those of the
Company from the date of the management services agreement.

                        About Apollo Medical

Glendale, Calif.-based Apollo Medical Holdings, Inc., provides
hospitalist services in the Greater Los Angeles, California area.
Hospitalist medicine is organized around the admission and care of
patients in an inpatient facility such as a hospital or skilled
nursing facility and is focused on providing, managing and
coordinating the care of hospitalized patients.

Apollo Medical reported a net loss of $4.55 million for the year
ended Jan. 31, 2014, following a net loss of $8.90 million for the
year ended Jan. 31, 2013.  As of Jan. 31, 2014, the Company's
balance sheet showed $3.95 million in total assets, $5.65 million
in total liabilities and a $1.69 million total stockholders'
deficit.


ARAMID ENTERTAINMENT: Hires Irell & Manella as Litigation Counsel
-----------------------------------------------------------------
Aramid Entertainment Fund Limited and its debtor-affiliates seek
permission from the Hon. Sean H. Lane of the U.S. Bankruptcy Court
for the Southern District of New York to employ Irell & Manella
LLP as special litigation counsel for the limited purpose of
representing the Debtors in connection with the Fortress
Litigation.

The Debtors require Irell & Manella to:

   (a) prepare motions, applications, answers, orders, reports,
       and other papers;

   (b) represent the Debtors at all court hearings and trials; and

   (c) perform all other necessary legal services required by the
       Debtors in connection with the Fortress Litigation.

In 2012, Aramid Entertainment commenced litigation against
Fortress Investment Group and other defendants in a California
state court action.  The Fortress Litigation is based, inter alia,
on allegations of wrongful interference by various defendants in
connection with a financing transaction in which Aramid
Entertainment provided partial financing for a slate of films.

Irell & Manella will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Jeffrey M. Reisner, partner of Irell & Manella, assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.

The Court for the Southern District of New York will hold a
hearing on the application on Sept. 10, 2014, at 10:00 a.m.
Objections, if any, are due Sept. 3, 2014, at 5:00 p.m.

Irell & Manella can be reached at:

       Jeffrey M. Reisner, Esq.
       IRELL & MANELLA LLP
       840 Newport Center Drive, Suite 400
       Newport Beach, CA 92660
       Tel: (949) 760-5242
       Fax: (949) 760-5200
       E-mail: jreisner@irell.com

                    About Aramid Entertainment

Aramid Entertainment Fund Limited has been engaged in the business
of providing short and medium term liquidity to producers and
distributors of film, television and other media and entertainment
content by way of loans and equity investments.

On May 7, 2014, Geoffrey Varga and Jess Shakespeare of Kinetic
Partners (Cayman) Limited were appointed under Cayman law as the
joint voluntary liquidators of AEF and two affiliates.

On June 13, 2014, the JVLs authorized AEF and two affiliates to
file for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead
Case No. 14-11802) in Manhattan on June 13, 2014.

The Debtors have tapped Reed Smith, LLP, in New York, as counsel
and Kinetic Partners (Cayman) Limited as crisis managers.

AEF estimated at least $100 million in assets and between
$10 million to $50 million in liabilities.


ARISTA POWER: Posts $1.8 Million Second Quarter Net Income
----------------------------------------------------------
Arista Power, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $1.82 million on $161,574 of sales for the three months ended
June 30, 2014, compared to a net loss of $853,000 on $328,617 of
sales for the same period a year ago.

For the six months ended June 30, 2014, the Company reported net
income of $1.07 million on $291,444 of sales compared to a net
loss of $2.02 million on $437,260 of sales for the same period
during the prior year.

As of June 30, 2014, the Company had $2.46 million in total
assets, $4.49 million in total liabilities and a $2.02 million
total stockholders' deficit.

As of June 30, 2014, the Company's accumulated deficit totalled
$26 million.

The Company had a working capital deficit of approximately
$524,000 as of June 30, 2014, as compared to working capital
deficit of $1,157,000 as of Dec. 31, 2013.  The increase in
working capital relates to the March 2014 private placement which
provided the company working capital of $1.4 million, offset by
the operating loss for the six months ended June 30, 2014.

"Since its formation, the Company utilized funds generated from
private placement offerings and debt to fund its product
development and operations and has incurred a cumulative net loss
of $25,958,830 as of June 30, 2014.  The recurring losses from
operations and current liquidity raise substantial doubt about the
Company's ability to continue as a going concern.  Continuation of
the Company is dependent on achieving sufficiently profitable
operations and obtaining additional financing," the Company stated
in the filing.

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

                         http://is.gd/YG2tWv

                          About Arista Power

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

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

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

                         Bankruptcy Warning

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


ASARCO LLC: Union Pacific Wins In $214M 8th Circ. Cleanup Row
-------------------------------------------------------------
Law360 reported that the Eighth Circuit kept bankrupt mining
company Asarco LLC on the hook for $214 million in Superfund
cleanup fees to the U.S. Environmental Protection Agency,
rejecting claims that fellow potentially responsible party Union
Pacific Corp. should have to cover some of that amount.

According to the report, the appeals court found that a $25
million settlement between Union Pacific and the EPA protects the
company from any additional actions relating to an Omaha,
Nebraska, Superfund site, even though an earlier agreement between
Union Pacific and Asarco tolled the statute of limitations for
contribution claims.  Because Union Pacific's deal with the
government did not include a specific waiver, the Comprehensive
Environmental Response, Compensation and Liability Act
unambiguously shields Union Pacific from further litigation
related to pollution costs at the site, the report related, citing
the decision.

The case is Asarco LLC v. Union Pacific Railroad Co., case number
13-2830, in the U.S. Court of Appeals for the Eighth Circuit.


ASSI IRVINE MARKET: Hanmi Bank to Hold Foreclosure Sale Aug. 26
---------------------------------------------------------------
Hanmi Bank, as Secured Party, will sell at public auction to the
highest bidder for cash, payable at the time of sale, the personal
property assets of Assi Irvine Market LLC, a California limited
liability company dba Assi Natural Market.

The auction will be held on August 26, at 10:00 a.m. at 4651 East
Airport Drive, Ontario, California 91761.

The public sale will include, without limitation, all tangible and
intangible personal property assets of Assi Irvine Market LLC.
The Collateral includes but is not limited to all inventory,
equipment, and accounts.

The Collateral will be available for inspection at the sale
location on August 20, 21, 22 and 25, 2014 from 9:00 a.m. to 3:00
p.m. All proceeds derived from the sale will be disbursed pursuant
to the California Commercial Code.

For more information, contact:

     Gerald Evans
     Cornerstone Equipment Management, Inc.
     4651 E Airport Drive
     Ontario, CA 91761
     Tel: 909-230-6100

THE COLLATERAL WILL BE OFFERED FOR SALE WITHOUT ANY WARRANTIES OF
ANY KIND WHATSOEVER, WHETHER EXPRESSED OR IMPLIED REGARDING THE
COLLATERAL'S CONDITION, QUALITY, MERCHANTABILITY, AND FOR FITNESS
FOR ANY PARTICULAR PURPOSE. THE COLLATERAL WILL BE SOLD "AS IS",
"WHERE IS", AND WITH ALL FAULTS.

Assi Irvine Market LLC and Assi Super, Inc. are entitled to an
accounting of the unpaid indebtedness secured by the Assi Irvine
Market Collateral being sold. You may request an accounting by
calling In Sung Park at Secured Party at (213) 368-3235.

The sale of the Collateral does not affect the rights of Hanmi
Bank to foreclose upon any other collateral securing the
obligations of Assi Irvine Market LLC and Assi Super, Inc. owing
to Hanmi Bank, or to pursue any other rights or remedies it may
have against Assi Irvine Market LLC, Assi Super, Inc., or any
other parties.


ATLS ACQUISITION: Files Ch. 11 Plan of Liquidation
--------------------------------------------------
ATLS Acquisition, LLC, et al., filed with the U.S. Bankruptcy
Court for the District of Delaware a joint plan of reorganization
and an accompanying disclosure statement, which propose to fund a
liquidating trust with proceeds from the sale of the Debtors'
assets.

Allowed Secured Claims will either be paid in full in cash,
receive the proceeds of the sale of the corresponding collateral,
receive the return of the collateral itself, or treated in a
manner otherwise acceptable under Section 1129 of the Bankruptcy
Code.  Allowed Administrative Claims, Priority Tax Claims, and
U.S. Trustee Fee Claims will be paid in full.  Allowed Non-Tax
Priority Claims will be paid in full in cash.  Each Holder of a
general unsecured claim will receive a beneficial interest in its
pro rata share of the liquidating trust assets.  Each holder of an
Allowed Equity Interest in ATLS will receive its pro rata share of
the liquidating trust assets after payment in full in cash of all
allowed claims and all allowed general unsecured claims plus
postpetition interest.

A full-text copy of the Disclosure Statement dated Aug. 15, 2014,
is available at http://bankrupt.com/misc/ATLSds0815.pdf

                      About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10262) on Feb. 15, 2013, just less than
three months after a management buy-out and amid a notice by the
lender who financed the transaction that it's exercising an option
to acquire the business.

Liberty has been in business for 22 years serving the needs of
both type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

Dennis A. Meloro, Esq., at Greenberg Traurig, LLP, serves as the
Debtor's counsel; Ernst & Young LLP to provide investment banking
advice; and Epiq Bankruptcy Solutions, LLC, as claims and noticing
agent for the Clerk of the Bankruptcy Court.

An official committee of unsecured creditors has been appointed in
the case and consists of LifeScan, Inc., Abbott Laboratories, and
Teva Pharmaceuticals USA, Inc.  They are represented by Joseph H.
Huston Jr., Esq., Maria Aprile Sawczuk, Esq., and Camille C. Bent,
Esq., of Stevens & Lee P.C. as well as Bruce Buechler, Esq., S.
Jason Teele, Esq., and Nicole Stefanelli, Esq. of Lowenstein
Sandler LLP.  The Committee has tapped Mesirow Financial
Consulting, LLC, as financial advisors.


BAKERSFIELD GROVE: Continued Dismissal Hearing Set for Dec. 18
--------------------------------------------------------------
A continued hearing on Bakersfield Grove Limited, LLC's motion to
dismiss its bankruptcy case has been set for Dec. 18, 2014 at
10:30 a.m. at Courtroom 5A, 411 W Fourth St., Santa Ana, CA 92701.

Brea, California-based Bakersfield Grove Limited, LLC, owns real
property at Panam Lane in Bakersfield, Calif.  Bakersfield Grove
filed a Chapter 11 petition (Bankr. C.D. Cal. Case No. 12-13157)
on March 12, 2012.  Judge Erithe A. Smith presides over the case.
Kathy Bazoian Phelps, Esq., at Danning, Gill, Diamond & Kollitz,
LLP.  The petition was signed by Robert M. Clark, president of
managing member.

The Debtor scheduled total assets of $17.4 million and total
liabilities of $20.7 million.

Steven M. Speier, the receiver of the Debtor's assets, is
represented by Jeffrey B. Gardner, Esq., and Laurie Chavez, Esq.,
at Barry, Gardner & Kincannon.


BANCO ESPIRITO SANTO: Credit Protection Pacts Migrate to New Bank
-----------------------------------------------------------------
Law360 reported that the International Swaps and Derivatives
Association Inc. all but wiped out junior bondholders in failed
Portuguese lender Banco Espirito Santo SA, ruling that the bank's
state-ordered breakup transfers credit protection contracts to its
new, healthy incarnation.  According to the report, the ISDA's
Determinations Committee said unanimously that the Portuguese
central bank's decision to split up the private bank constituted a
"succession event," meaning that credit default swaps on $953
million in subordinated debt will now reference Novo Banco SA, the
new entity that took on the healthy assets and businesses.

                 About Banco Espirito Santo

Banco Espirito Santo is a private Portuguese bank based in
Lisbon.  It is 20% owned by Espirito Santo Financial Group.

                       *     *     *

On Aug. 15, 2014, The Troubled Company Reporter reported that
Standard & Poor's Ratings Services affirmed and then suspended
its 'C' ratings on two short-term certificate of deposit programs
and one commercial paper program originally issued by Portugal-
based Banco Espirito Santo S.A. (BES).  As S&P publically
communicated on Aug. 8, 2014, most of BES' senior unsecured debt
has been transferred to newly formed Novo Banco S.A. (not rated)
as part of BES' resolution proceedings.  S&P currently does not
have satisfactory information to perform its ratings analysis on
these debt instruments, and S&P is therefore suspending its
ratings on them.

The TCR, on Aug. 14, 2014, also reported that Moody's Investors
Service has assigned debt, deposit ratings and a standalone bank
financial strength rating (BFSR) to the newly established
Portuguese entity Novo Banco, S.A., in response to the transfer of
the majority of assets, liabilities and off-balance sheet items
from Banco Espirito Santo, S.A. (BES), together with the banking
activities of this bank. The following ratings have been assigned:
(1) long- and short-term deposit ratings of B2/Not-Prime; (2) a
standalone BFSR of E (equivalent to a ca baseline credit
assessment [BCA]).


BAYOU SHORES: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Bayou Shores SNF LLC
        c/o Rehabilitation Center of St. Pete
        435 42nd Avenue South
        Saint Petersburg, FL 33705

Case No.: 14-09521

Nature of Business: Health Care

Chapter 11 Petition Date: August 15, 2014

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

Debtor's Counsel: Elizabeth A Green, Esq.
                  BAKER & HOSTETLER LLP
                  200 S Orange Ave
                  Suntrust Center, Suite 2300
                  Orlando, FL 32801
                  Tel: (407) 649-4000
                  Fax: (407) 841-0168
                  Email: egreen@bakerlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Tzvi Bogomilsky, managing member.

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


BOREAL WATER: Delays Filing of Second Quarter Form 10-Q
-------------------------------------------------------
Boreal Water Collection, Inc., will delay the filing of its
quarterly report on Form 10-Q for the period ended June 30, 2014,
with the U.S. Securities and Exchange Commission.  The Company
said it was unable to complete timely its financial statements
without unreasonable effort or expense.

                         About Boreal Water

Kiamesha Lake, N.Y.-based Boreal Water Collection, Inc., is a
personalized bottled water company specializing in premium custom
bottled water.

Boreal Water reported net income of $849,748 on $2.15 million of
sales for the year ended Dec. 31, 2013, as compared with a net
loss of $822,902 on $2.68 million of sales in 2012.

Terry L. Johnson, CPA, in Casselberry, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditor noted
that the Company has incurred a deficit of approximately $2.5
million and has used approximately $400,000 of cash due to its
operating activities in the two years ended Dec. 31, 2013.  The
Company may not have adequate readily available resources to fund
operations through Dec. 31, 2014.  This raises substantial doubt
about the Company's ability to continue as a going concern.


BOYNTON BEACH CHARTER SCHOOL: S&P Lowers Rev. Bonds Rating to 'CC'
------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating
six notches to 'CC' from 'B' on Boynton Beach, Fla.'s series 2012A
tax-exempt and 2012B taxable revenue bonds, issued for and
supported by the Charter School of Boynton Beach.  The outlook is
negative.

"The downgrade and negative outlook reflect our view that given
the revocation of the charter and closure of the school, there is
a virtual certainty of default within the next 24 months," said
Standard & Poor's credit analyst Carolyn McLean.

The charter authorizer, the School District of Palm Beach, voted
unanimously to revoke the school's charter on July 30, 2014.  The
charter revocation is based on Florida State statute that requires
the sponsor to terminate a school's charter if the school receives
a grade of 'F' for two consecutive years and has been in operation
for more than five years.  The Charter School of Boynton Beach had
a score of 'F' for the 2012-2013 and 2013-2014 school years.
Although the school is appealing the 'F' score for the most recent
school year, the authorizer states that the score is low enough
that it is unlikely to be adjusted to 'D' by the state.  If the
academic ranking score is not adjusted, state statute does not
provide for further appeal of the charter revocation.

S&P expects that the bonds will likely default within the next 24
months given that the charter school no longer has access to
operating revenue once the charter is revoked.  The authorizer
states that the school does not plan to open for the 2014-2015
school year and that students will return to their local district
schools or attend other charter schools.

Bondholders benefit from a fully funded debt service reserve fund
that could cover additional debt service payments.  S&P's
expectation is that the debt service payment due on June 1, 2014,
was made with operating funds, and the following year's debt
service payments could be covered by the debt service reserve
after which the debt service reserve fund would be exhausted.


BROWN BROTHERS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Brown Brothers Driver Outsource Services, LLC
        2655 Donaghey Ave
        Conway, AR 72032

Case No.: 14-14394

Chapter 11 Petition Date: August 15, 2014

Court: United States Bankruptcy Court
       Eastern District of Arkansas (Little Rock)

Judge: Hon. Ben T. Barry

Debtor's Counsel: Kevin P. Keech, Esq.
                  KEECH LAW FIRM, PA
                  4800 West Commercial Drive
                  N. Little Rock, AR 72116
                  Tel: (501) 221-3200
                  Fax: (501)221-3201
                  Email: kkeech@keechlawfirm.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Jason Brown, 51% member and manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/areb14-14394.pdf


BUCCANEER RESOURCES: Files Schedules of Assets and Liabilities
--------------------------------------------------------------
Buccaneer Resources LLC filed with the bankruptcy court its
schedules of assets and liabilities, disclosing total assets of
$47,263,322, and total liabilities of $142,729,233.  A full-text
copy of the document is available for free at http://is.gd/Wnnu3a

                      About Buccaneer Energy

Buccaneer Resources, LLC, and eight affiliates, including
Buccaneer Energy Ltd. sought Chapter 11 bankruptcy protection in
Victoria, Texas (Bankr. S.D. Tex. Lead Case No. 14-60041) on
May 31, 2014.  Buccaneer listed assets of up to $50,000 and
liabilities between $50 million and $100 million in its petition.

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

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

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

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

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


C&K MARKET: Yantis Has Pact With Lenders Over Claims Dispute
------------------------------------------------------------
In the Chapter 11 case of C&K Markets Inc., Yantis Enterprises
Inc., as survivor by merger to Chetco Rexall Drugs, Inc., and Dale
and Melva Engel, filed a motion to determine rights under
subordination agreement and precautionary objection to the claim
of senior lenders, Endeavour Structured Equity and Mezzaine Fund I
and THL Credit.

The determination of rights was raised in order to resolve
disputes between Yantis and the senior lenders concerning the
interpretation of written subordination agreements.  Yantis
objects to the proof of claims of senior lenders.

Senior lenders responded that the objection to the proof of claim
on any basis is unfounded, unnecessary and highly prejudicial to
the senior lenders.

In order to avoid unnecessary litigation between Yantis and senior
lenders, Yantis withdrew any and all express or inferred
objections to the proofs of claim and agree not to object to the
same in the future. Senior lenders, in exchange, will not assert a
claim for damages or other relief against Yantis for objecting the
proof of claim.

Local Counsel for Endeavour Structured Equity & Mezzanine Fund I,
LP and THL Credit, Inc.

     Jeffrey C. Misley, Esq.
     SUSSMAN SHANK, LLP
     1000 SW Broadway, Suite 1400
     Portland, OR 97205
     Direct Dial: (503) 227-1111
     Facsimile: (503) 248-0130
     E-mail: jeffm@sussmanshank.com

Counsel for Endeavour Structured Equity & Mezzanine Fund I, LP and
THL Credit, Inc.

     Pamela K. Webster, Esq.
     BUCHALTER NEMER A Professional Corporation
     1000 Wilshire Blvd., Suite 1500
     Los Angeles, CA 90017
     Direct Dial: (213) 891-5030
     Facsimile: (213) 896-0400
     E-mail: pwebster@buchalter.com

                       About C&K Market

C&K Market Inc., a 57 year-old grocery store chain, sought
bankruptcy protection from creditors with a plan to sell or close
some of its stores, on Nov. 19, 2013 (Bankr. D. Ore. Case No.
13-64561).  The case is assigned to Judge Frank R. Alley, III.

C&K Market scheduled $157,696,921 in total assets and $101,604,234
in total liabilities.

The Debtor is represented by Albert N. Kennedy, Esq., Timothy J.
Conway, Esq., Michael W. Fletcher, Esq., and Ava L. Schoen, Esq.,
at Tonkon Torp LLP, in Portland, Oregon.  Edward Hostmann has been
tapped as chief restructuring officer, and The Food Partners, LLC,
serves as the Debtor's financial advisor.  Kieckhafer Schiffer &
Company LLP serves as advisors and consultants to communicate with
lenders, brokers, attorneys and other professionals.  Henderson
Bennington Moshofsky, P.C., serves as accountants.  Watkinson
Laird Rubenstein Baldwin & Burgess PC serves as labor counsel.
The Debtor hired Great American Group, LLC, to conduct store
closing sales.  Kurtzman Carson Consultants is the Debtor's
noticing agent.

An Official Committee of Unsecured Creditors appointed in the
Debtor's case has retained Scott L. Hazan, Esq., David M. Posner,
Esq., and Jenette A. Barrow-Bosshart, Esq., at Otterbourg P.C. as
lead co-counsel, and Tara J. Schleicher, Esq., at Farleigh Wada
Witt as local co-counsel; and Protiviti, Inc. as financial
consultant.

C & K Market on June 30 received a bankruptcy judge's approval for
its proposed plan to exit Chapter 11 protection.  Judge Frank
Alley III of U.S. Bankruptcy Court in Oregon signed an order
confirming C&K Market's plan of reorganization, which is based on
new financing to pay off a $25 million loan owing to U.S. Bank NA,
the company's secured lender.  The restructuring plan offers
common stock to unsecured creditors with an estimated $60 million
in claims.  Unsecured creditors individually owed $10,000 or less
will be paid 80% in cash.  Secured creditors that hold liens on
real property will receive seven-year notes at 6% interest.
Meanwhile, creditors secured with liens on personal property are
to be paid in full over four years, with an interest rate of 6%.


C&K MARKET: US Bank Reserves Rights Under Subordination Deals
-------------------------------------------------------------
In the Chapter 11 case of C & K Market Inc., US Bank filed an
objection to the joint motion to determine rights under
subordination agreement.  Pursuant to the Debtor's second amended
plan of reorganization, it contemplates that claims of U.S. Bank
will be paid in full on the effective date.  Nevertheless, section
7.6 of the plan provides for the compliance of the debtor with all
subordination agreements.

U.S. Bank has subordination agreement with several other
creditors. It reserves its right until such time that all claims
are paid in full.

U.S. Bank is represented by:

     Teresa H. Pearson, P.C., Esq.
     MILLER NASH LLP
     3400 U.S. Bancorp Tower
     111 S.W. Fifth Avenue
     Portland, Oregon 97204
     Telephone: (503) 224-5858
     Facsimile: (503) 224-0155
     E-mail: teresa.pearson@millernash.com

          - and -

     Michael R. Stewart, Esq.
     Colin F. Dougherty, Esq.
     FAEGRE BAKER DANIELS LLP
     2200 Wells Fargo Center
     90 South Seventh Street
     Minneapolis, MN 55402-3901
     Telephone: (612) 766-7000
     Facsimile: (612) 766-1600
     E-mail: Michael.Stewart@FaegreBD.com
             Colin.Dougherty@FaegreBD.com

                       About C&K Market

C&K Market Inc., a 57 year-old grocery store chain, sought
bankruptcy protection from creditors with a plan to sell or close
some of its stores, on Nov. 19, 2013 (Bankr. D. Ore. Case No.
13-64561).  The case is assigned to Judge Frank R. Alley, III.

C&K Market scheduled $157,696,921 in total assets and $101,604,234
in total liabilities.

The Debtor is represented by Albert N. Kennedy, Esq., Timothy J.
Conway, Esq., Michael W. Fletcher, Esq., and Ava L. Schoen, Esq.,
at Tonkon Torp LLP, in Portland, Oregon.  Edward Hostmann has been
tapped as chief restructuring officer, and The Food Partners, LLC,
serves as the Debtor's financial advisor.  Kieckhafer Schiffer &
Company LLP serves as advisors and consultants to communicate with
lenders, brokers, attorneys and other professionals.  Henderson
Bennington Moshofsky, P.C., serves as accountants.  Watkinson
Laird Rubenstein Baldwin & Burgess PC serves as labor counsel.
The Debtor hired Great American Group, LLC, to conduct store
closing sales.  Kurtzman Carson Consultants is the Debtor's
noticing agent.

An Official Committee of Unsecured Creditors appointed in the
Debtor's case has retained Scott L. Hazan, Esq., David M. Posner,
Esq., and Jenette A. Barrow-Bosshart, Esq., at Otterbourg P.C. as
lead co-counsel, and Tara J. Schleicher, Esq., at Farleigh Wada
Witt as local co-counsel; and Protiviti, Inc. as financial
consultant.

C & K Market on June 30 received a bankruptcy judge's approval for
its proposed plan to exit Chapter 11 protection.  Judge Frank
Alley III of U.S. Bankruptcy Court in Oregon signed an order
confirming C&K Market's plan of reorganization, which is based on
new financing to pay off a $25 million loan owing to U.S. Bank NA,
the company's secured lender.  The restructuring plan offers
common stock to unsecured creditors with an estimated $60 million
in claims.  Unsecured creditors individually owed $10,000 or less
will be paid 80% in cash.  Secured creditors that hold liens on
real property will receive seven-year notes at 6% interest.
Meanwhile, creditors secured with liens on personal property are
to be paid in full over four years, with an interest rate of 6%.


CALDERA PHARMACEUTICALS: Incurs $1.2 Million Net Loss in Q2
-----------------------------------------------------------
Caldera Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q reporting a
net loss applicable to common stock of $1.20 million on $82,662 of
sales for the three months ended June 30, 2014, compared to a net
loss applicable to common stock of $2.88 million on $82,881 of
sales for the same period in 2013.

For the six months ended June 30, 2014, the Company reported net
income applicable to common stock of $4.06 million on $336,882 of
sales compared to a net loss applicable to common stock of $3.68
million on $320,295 of sales for the same period a year ago.

As of June 30, 2014, the Company had $5.30 million in total
assets, $3.40 million in total liabilities, $133,350 in
convertible redeemable preferred stock and $1.76 million in total
stockholders' equity.

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

                         http://is.gd/36WAkL

                            About Caldera

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

Caldera Pharmaceuticals incurred a net loss applicable to common
stock of $5.88 million on $708,273 of sales for the year ended
Dec. 31, 2013, as compared with a net loss applicable to common
stock of $951,791 on $1.90 million of sales for the year ended
Dec. 31, 2012.


CANCER GENETICS: Incurs $4.2 Million Net Loss in Second Quarter
---------------------------------------------------------------
Cancer Genetics, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4.18 million on $1.51 million of revenue for the three months
ended June 30, 2014, compared to a net loss of $9.14 million on
$1.83 million of revenue for the same period a year ago.

The Company also reported a net loss of $6.67 million on $2.94
million of revenue for the six months ended June 30, 2014,
compared to a net loss of $6.78 million on $3.05 million of
revenue for the same period during the prior year.

As of June 30, 2014, the Company had $49.59 million in total
assets, $9.13 million in total liabilities and $40.46 million in
total stockholders' equity.

As of June 30, 2014, the Company had cash and cash equivalents
of $37,417,742.

"We believe our cash and cash equivalents are sufficient to
satisfy our liquidity requirements at our current level of
operations for at least 24 months," the Company stated in the
Report.

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

                        http://is.gd/37QHaj

                       About Cancer Genetics

Rutherford, N.J.-based Cancer Genetics, Inc., is an early-stage
diagnostics company focused on developing and commercializing
proprietary genomic tests and services to improve and personalize
the diagnosis, prognosis and response to treatment (theranosis) of
cancer.

Cancer Genetics reported a net loss of $12.37 million in 2013
following a net loss of $6.66 million in 2012.


CASPIAN SERVICES: Delays Form 10-Q Filing, Expects $1.4MM Q3 Loss
-----------------------------------------------------------------
Caspian Services, Inc., filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the quarter
ended June 30, 2014.  The Company said the Form 10-Q could not be
timely filed because management requires additional time to
compile and verify the data required to be included in the report.
The report will be filed within five calendar days of the date the
original report was due.

The Company anticipates that during the three and nine month
periods ended June 30, 2014 total revenues will have decreased
approximately 13% and 4%, respectively compared to the comparable
periods of the prior fiscal year.  This decrease is primarily
attributable to lower vessel revenues during the third fiscal
quarter 2014 and lower geophysical services revenues during the
nine-month period ended June 30, 2014.  Vessel revenues are
expected to be approximately 29% lower in the three months ended
June 30, 2014 and flat during the nine months ended June 30, 2014,
while geophysical service revenues are expected to be essentially
flat during the three months ended June 30, 2014, and
approximately 16% lower during the nine months ended June 30,
2014.  Marine base revenue is expected to be approximately 113%
and 118% higher, respectively, in the three and nine month periods
ended June 30, 2014.

The Company believes that total costs and operating expenses will
have decreased approximately 8% during both the three and nine
month periods ended June 30, 2014.  The Company anticipates income
from operations of approximately $0.7 million during the three
months ended June 30, 2014 compared to income from operations of
approximately $1.4 million during the three months ended June 30,
2013.  During the nine months ended June 30, 2014 the Company
anticipates a loss from operations of approximately $0.6 million
compared to a loss from operations of approximately $1.8 million
during the nine months ended June 30, 2013.

The Company expects to realize net losses from continuing
operations of approximately $2.0 million and $13.6 million,
respectively, for the three and nine month periods ended June 30,
2014 compared to net losses from continuing operations of
approximately $0.7 million and $5.8 million, respectively during
the three and nine month periods ended June 30, 2013.  During the
2013 fiscal year, the Company sold its interest in its majority-
owned subsidiary Kazmorgeophysica JSC.  As a result, the Company
realized losses from discontinued operations during the three and
nine month periods ended June 30, 2013 of approximately $2.8
million and $3.4 million, respectively.  The Company realized no
loss from discontinued operations during the three or nine month
periods ended June 30, 2014.

During the three and nine month periods ended June 30, 2014, the
Company anticipates realizing a net losses attributable to Caspian
Services, Inc. (net of non-controlling interests) of approximately
$1.4 million and $11.3 million, respectively, compared to net
losses attributable to Caspian Services, Inc. of approximately
$3.0 million and $8.3 million, respectively during the three and
nine month periods ended June 30, 2013.

As a result of a 20% devaluation in the Kazakh Tenge by the
government of the Republic of Kazakhstan during fiscal 2014, the
Company anticipates realizing foreign currency translation
adjustments of approximately ($0.2 million) and ($4.8 million),
respectively during the three and nine month periods ended June
30, 2014, compared to approximately ($0.5 million) and ($0.3
million) during the three and nine month periods ended June 30,
2013.  The Company anticipates realizing comprehensive losses
attributable to Caspian Services, Inc. of approximately $1.6
million and $15.6 million, respectively, during the three and nine
month periods ended June 30, 2014 compared to losses of $3.7
million and $8.8 million, respectively, during the three and nine
month periods ended June 30, 2013.

                        About Caspian Services

Headquartered in Salt Lake City, Caspian Services, Inc., was
incorporated under the laws of the state of Nevada on July 14,
1998.  Since February 2002 the Company has concentrated its
business efforts to provide diversified oilfield services to the
oil and gas industry in western Kazakhstan and the Caspian Sea,
including providing a fleet of vessels, onshore, transition zone
and marine seismic data acquisition and processing services and a
marine supply and support base in the port of Bautino, in Bautino
Bay, Kazakhstan.

Caspian Services incurred a net loss of $11.82 million on $33.08
million of total revenues for the year ended Sept. 30, 2013, as
compared with a net loss of $15.95 million on $24.74 million of
total revenues during the prior fiscal year.

Haynie & Company, P.C., in Salt Lake City, Utah, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Sept. 30, 2013.  The independent auditors noted
that a Company creditor has indicated that it believes the Company
may be in violation of certain covenants of certain substantial
financing agreements.  The financing agreements have acceleration
right features that, in the event of default, allow for the loan
and accrued interest to become immediately due and payable.  As a
result of this uncertainty, the Company has included the note
payable and all accrued interest as current liabilities at
Sept. 30, 2013.  At Sept. 30, 2013, the Company had negative
working capital of approximately $66,631,000.  Uncertainty as to
the outcome of these factors raises substantial doubt about the
Company's ability to continue as a going concern.

                        Bankruptcy Warning

To help the Company meet its additional funding obligations to
construct the marine base, in 2008 the Company entered into two
facility agreements pursuant to which the Company received debt
funding of $30,000.  In June and July 2011, Mr. Bakhytbek
Baiseitov (the "Investor") acquired the two facility agreements.
In September 2011 the Company issued the Investor two secured
promissory notes, a Secured Non-Negotiable Promissory Note in the
principal amount of $10,800 and a Secured Convertible Consolidated
Promissory Note in the principal amount of $24,446 in connection
with restructuring the facility agreements.

During December 2012 the Company, the European Bank for
Reconstruction and Development and the Investor outlined the terms
of a potential restructuring of the Company's financial
obligations to EBRD and the Investor in a non-binding term sheet.
Throughout the fiscal year the parties have worked to negotiate
definitive agreements pursuant to the terms set out in the Term
Sheet.  Subsequent to the fiscal year end, negotiations between
EBRD, the Investor and the Company to restructure the Company's
financial obligations pursuant to the terms of the Term Sheet
stalled and have been discontinued.  However, the Company has
engaged in new discussions with EBRD regarding a possible
restructuring of its financial obligations to EBRD.

"Should EBRD or the Investor determine to accelerate the Company's
repayment obligations to them, the Company currently has
insufficient funds to repay its obligations to EBRD or the
Investor, individually or collectively, and would be forced to
seek other sources of funds to satisfy these obligations.  Given
the Company's current and near-term anticipated operating results,
the difficult credit and equity markets and the Company's current
financial condition, the Company believes it would be very
difficult to obtain new funding to satisfy these obligations.  If
the Company is unable to obtain funding to meet these obligations
EBRD or the Investor could seek any legal remedies available to
them to obtain repayment, including forcing the Company into
bankruptcy, or in the case of the EBRD loan, which is
collateralized by the assets, including the marine base, and bank
accounts of Balykshi and CRE, foreclosure by EBRD on such assets
and bank accounts.  The Company has also agreed to collateralize
the Investor's Notes with non-marine base related assets,"
according to the Company's 2013 Annual Report.


CEETOP INC: Delays Filing of June 30 Quarterly Report
-----------------------------------------------------
Ceetop Inc. informed the U.S. Securities and Exchange Commission
that it cannot file its June 30, 2014, Form 10-Q within the
prescribed time period because management has not completed the
process of gathering and analyzing the financial information that
will be included in the Company's Form 10-Q.

                          About Ceetop Inc.

Oregon-based Ceetop Inc., formerly known as China Ceetop.com,
Inc., owned and operated the online retail platform before 2013.
Due to excessive competition in online retail, the Company has
transformed itself into an integrated supply chain services
provider, and focuses on B to B supply chain management and
related value-added services among enterprises.

Ceetop reported a net loss of $2.88 million in 2013 following a
net loss of $1.39 million in 2012.

Clement C. W. Chan & Co., in Hong Kong, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company incurred a net loss of $2,886,599 for the year ended
December 31, 2013, has accumulated deficit of $8,605,635 at
December 31, 2013.  These matters are discussed in Note 2 to the
consolidated financial statements that raises substantial doubt
about the Company's ability to continue as a going concern.


CENTURY ARMS: Has $2.2MM Purchase Offer; Aug. 22 Sale Hearing
-------------------------------------------------------------
Century Arms Townhomes, LLC, on June 20, 2014 filed a Motion to
Approve Sale of Real Property of Century Townhomes, LLC, Free and
Clear of All Mortgages, Judgments, Liens, Claims and Encumbrances
of 165 Units at public auction sale.  The Debtor has received an
offer of $2,200,000.

Additional information, etc. is available by contacting the
offices of Counsel for the Debtor:

     Michael Kaminski, Esq.
     BLUMLING & GUSKY, LLP
     1200 Koppers Building
     Pittsburgh, PA 15219
     Tel: 412-227-2500
     E-mail: mkaminski@blumlinggusky.com

Inspection and viewing of the real property to be sold is
available by appointment.

A hearing will be held on August 22, 2014 at 10:00 a.m. prevailing
time, before the Honorable Gregory L. Taddonio in Courtroom "A",
54th Floor, U.S. Steel Tower, 600 Grant Street, Pittsburgh, PA
15219 for the auction on the Motion to Sell, when and where all
objections will be heard, when and where the general public is
invited, when and where higher and better offers will be accepted.

Any Objections to the sale were due July 14, 2014.

Terms and conditions announced at the time and place of sale
supersede any inconsistent provisions of this Notice. Confirmation
of the sale to take place at the above time and place.

Century Arms Townhomes LLC, based in Pittsburgh, Pennsylvania,
filed for Chapter 11 bankruptcy (Bankr. W.D. Pa. Case No. 14-
22349) on June 9, 2014.

Creditors and parties-in-interest include Equity Indexed Managed
Fund, LLC; WJA Secure Real Estate Fund, LLC; Century Arms Townhome
Association, LLC; City of Clairton; Clairton School District;
Allegheny County, Pennsylvania; PA American Water; and Clairton
Municipal Authority.

According to the case docket, the Chapter 11 Plan and Disclosure
Statement are due by Oct. 7, 2014.


CHHATRALA EDES: Case Summary & 7 Unsecured Creditors
----------------------------------------------------
Debtor: Chhatrala Edes, LLC
        3274 Rosecrans St.
        San Diego, CA 92110

Case No.: 14-06507

Chapter 11 Petition Date: August 15, 2014

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Judge: Hon. Louise DeCarl Adler

Debtor's Counsel: Jeffrey D. Cawdrey, Esq.
                  GORDON & REES LLP
                  101 West Broadway, Suite 2000
                  San Diego, CA 92101
                  Tel: (619) 696-6700
                  Fax: (619) 696-7124
                  Email: jcawdrey@gordonrees.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Hermant Chhatrala, chief executive
officer.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/casb14-06507.pdf


COLDWATER CREEK: Has Until Oct. 31 to Decide on Leases
------------------------------------------------------
The Hon. Brendan Linehan Shannon of the U.S. Bankruptcy Court for
the District of Delaware extended the time by which Coldwater
Creek Inc. and its debtor-affiliates to assume or reject unexpired
leases of non-residential real property until Oct. 31, 2014.

The Debtor said the extension will provide significant benefit to
the estates and creditors without unduly harming landlords.  The
Debtors assured that they will continue to timely perform all
postpetition obligations under the leases as required under
Section 365(d)(3) of the Bankruptcy Code.

                  About Coldwater Creek

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

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

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

Coldwater Creek Inc. disclosed assets of $721,468,388 plus
undetermined amount and liabilities of $425,475,739 plus
undetermined amount.  Affiliate Coldwater Creek U.S. Inc.
estimated $100 million to $500 million in assets and liabilities.

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

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

The U.S. Trustee for Region Three named seven creditors to serve
on the official committee of unsecured creditors.  Lowenstein
Sandler LLP represent the Committee.


COLLEGE WAY: ECP Joins Bid to Convert Chap. 11 Case to Chapter 7
----------------------------------------------------------------
ECP College Way, LLC, filed on Aug. 12, 2014, with the Bankruptcy
Court a joiner to the U.S. Trustee's motion to convert or dismiss
the Chapter 11 case of College Way Commercial Plaza, LLC.

ECP College Way, a lender of the Debtor, incorporates in its
joinder the reasons set forth in the U.S. Trustee's Motion to
Convert.  ECP also pointed out that (i) the foreclosure of the
Debtor's sole asset has rendered any reorganization impossible,
and that (ii) the Debtor's recently filed monthly operating
reports evidence that it is administratively insolvent; an thus,
the Debtor's case should be converted to one under Chapter 7.

As reported in the Troubled Company Reporter on July 31, 2014,
Gail Brehm Geiger, Acting U.S. Trustee for the Western District of
Washington, sought for the conversion or dismissal of College Way
Commercial Plaza, LLC's Chapter 11 case.  The U.S. Trustee
asserted that the Debtor failed to (i) file monthly financial
reports for February, March, April and May 2014, and (ii) pay the
U.S. Trustee's quarterly fees, which were due on April 30.  She
thus contended that the actions of the Debtor constitute "cause"
for conversion or dismissal.  The U.S. Trustee said she is aware
of no "unusual circumstances", which would prevent conversion or
dismissal from being in the best interests of creditors.

In other news, the Bankruptcy Court, at the Debtor's behest,
earlier extended the exclusive period by which the Debtor may file
a bankruptcy plan through 15 days after the ruling of the
evidentiary hearing for ECP College Way, LLC's Motion for Relief
from Stay.  No plan has been filed as of presstime.

              About College Way Commercial Plaza, LLC

College Way Commercial Plaza, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Wash Case No. 13-47724) on Dec. 19, 2013.
The petition was signed by Sherwood B Korssjoen as member and
manager.  The Debtor disclosed $29,160,000 in assets and
$21,444,155 in liabilities as of the Chapter 11 filing.  Masafumi
Iwama, Esq., at Iwama Law Firm, serves as the Debtor's counsel.
Judge Brian D Lynch presides over the case.

College Way sought bankruptcy protection one day before a
scheduled foreclosure auction of its asset.  ECP College Way LLC
tried to foreclose on the collateral.  ECP is the holder of
certain indebtedness owed by the Debtor in the original principal
amount of $21.1 million.

College Way estimates that Lacey Crossroads is valued between $26
million and $29.5 million.


COLT DEFENSE: Delayed 2Q Rpt. Filing No Impact on Moody's CFR
-------------------------------------------------------------
Moody's Investors Service said that Colt Defense LLC's pending
restatement of its 2013 audit and delay in filing its second-
quarter 2014 financial statements is a credit-negative event but
does not currently impact the company's ratings including its Caa1
corporate family rating, Caa2 senior unsecured notes rating or its
SGL-3 speculative grade liquidity rating. If Colt is unable to
file its financial statements by the September 13, 2014 extension
date or reported operating performance is weaker than expected,
the company's ratings and/or outlook could come under pressure.

Colt Defense LLC, headquartered in West Hartford, CT, manufactures
small arms weapons systems for individual soldiers and law
enforcement personnel for the U.S. military, U.S. law enforcement
agencies, and foreign militaries. The company also sells rifles,
carbines and handguns into the commercial end-market. Revenues for
the last twelve months ended March 30, 2014 totaled $264 million.


COMMERCIAL VEHICLE GRP: Moody's Affirms B2 Corp. Family Rating
--------------------------------------------------------------
Moody's Investors Service affirmed all long-term ratings for
Commercial Vehicle Group, Inc. ("CVGI"), including the B2
Corporate Family Rating ("CFR"), and revised the rating outlook to
stable from negative.

"The outlook revision reflects Moody's expectation that credit
metrics will return to levels appropriate for the B2 rating in the
near-term," said Ben Nelson, Moody's Assistant Vice President and
lead analyst for Commercial Vehicle Group, Inc.

Improved conditions in the North American heavy-duty truck and
global construction end markets, combined with CVGI's operational
restructuring initiatives, has led to a significant improvement in
operating performance over the past few quarters that Moody's
believes will be sustained. Moody's estimates adjusted financial
leverage in the mid 5 times (Debt/EBITDA) for the twelve months
ended June 30, 2014, down from almost 9 times at September 30,
2013, and expects further improvement over the next few quarters.
Moody's expects interest coverage will improve to the mid 1 times
range (EBITA/Interest) and retained cash flow should expand into
the low double digit range (RCF/Debt). While Moody's expect funds
from operations will exceed maintenance capital spending
requirements, free cash flow generation for at least the next two
years will depend largely on the company's investment policies.
Notably, the company has not clarified investment objectives
related to the new "CVG 2020" strategic plan the company expects
to announce at its analyst day conference in the early fall.

The actions:

Issuer: Commercial Vehicle Group, Inc.

Corporate Family Rating, Affirmed B2;

Probability of Default Rating, Affirmed B2-PD;

$250 million Senior Secured Notes due 2019, Affirmed B2 (LGD4);

Speculative Grade Liquidity Rating, Affirmed SGL-2;

Outlook, Changed to Stable from Negative.

Ratings Rationale

CVGI's B2 CFR is constrained primarily by high leverage, modest
size relative to rated automotive supplier peers, geographic and
customer concentration, and exposure to highly cyclical commercial
vehicle and construction end markets. The rating acknowledges the
company's demonstrated ability to manage its cost structure in
challenging times and the flexibility associated with its high
cash balances and a covenant-lite financing structure, a notable
improvement from previous financing structures that required a
series of covenant-related amendments in response to weakening
operating performance during 2007-2009.

The SGL-2 Speculative Grade Liquidity Rating reflects good
liquidity to support operations for at least the next four
quarters with available liquidity of over $100 million. The
company reported about $70 million of balance sheet cash ($20
million held by international subsidiaries) at June 30, 2014.
Moody's anticipates the company will generate sufficient EBITDA to
easily cover interest and maintenance capital spending. Moody's
does not expect the company to draw down on its $40 million asset-
based revolving credit facility in the near-term and does not
expect the springing financial maintenance covenant will be
triggered in the near-term.

The stable outlook reflects Moody's expectation that leverage will
fall to below 5.5 times in the near-term and that the company will
maintain a good liquidity position. Moody's could downgrade the
rating with expectations for leverage sustained above 5.5 times or
deterioration in liquidity. Moody's could upgrade the rating with
expectations for leverage sustained below 4 times, interest
coverage sustained above 2 times (EBITA/Interest), and free cash
flow approaching 10% of debt.

The principal methodology used in this rating was the Global
Automotive Supplier Industry published in May 2013. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.

Commercial Vehicle Group, Inc. is a provider of customized
products for the commercial vehicle market, including the heavy-
duty truck, construction, agricultural, specialty and military
transportation markets. The company is an amalgamation of several
predecessor organizations whose products include cab structures &
assembly, seats & seating systems, trim systems & components, wire
harnesses, wipers, controls and mirrors. Headquartered in New
Albany, Ohio, the company generated $785 million of revenue for
the twelve months ended June 30, 2014.


COTTONWOOD ESTATES: Wants to Hire Clyde Snow as Co-counsel
----------------------------------------------------------
Cottonwood Estates Development, LLC seeks authorization from the
Hon. R. Kimball Mosier of the U.S. Bankruptcy Court for the
District of Utah to employ Clyde Snow & Sessions as bankruptcy co-
counsel.

The Debtor retained Clyde Snow to serve as its bankruptcy co-
counsel in connection with the commencement and prosecution of
this Chapter 11 case.  The Debtor continues to retain Miller
Toone, P.C. as co-counsel.  James W. Anderson, formerly with the
law firm of Miller Toone, P.C., began working at Clyde Snow on
July 14, 2014.

The services to be provided by Clyde Snow in connection with
Miller Toone, P.C. will include:

   (a) advising the Debtor of its rights, powers and duties as
       Debtor and debtor in possession;

   (b) assisting the Debtor in taking necessary actions to protect
       and preserve the estate of the Debtor, including
       prosecution of actions on the Debtor's behalf, the defense
       of actions commenced against the Debtor, negotiation of
       disputes in which the Debtor is involved, and the
       preparation of objections to claims filed against the
       estate;

   (c) assisting in preparing, on behalf of the Debtor, all
       necessary motions, applications, answers, orders, reports,
       and papers in connection with the administration of the
       Debtor's estate;

   (d) assisting in presenting, on behalf of the Debtor, the
       Debtor's proposed plan of reorganization and all related
       transactions and any related revisions, amendments, etc.;
       and

   (e) performing all other necessary legal services in connection
       with the Chapter 11 case.

Clyde Snow has not received a retainer.  Clyde Snow will seek
payment approval from the Court through the customary fee
application process.

James W. Anderson, of counsel of Clyde Snow, assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.

Clyde Snow can be reached at:

       James W. Anderson, Esq.
       CLYDE SNOW & SESSIONS
       One Utah Center, Thirteenth Floor
       201 South Main Street
       Salt Lake City, UT 84111
       Tel: (801) 322-2516
       Fax: (801) 521-6280
       E-mail: jwa@clydesnow.com

                     About Cottonwood Estates

Cottonwood Estates Development, LLC's primary asset is a real
estate project located in Big Cottonwood Canyon, Salt Lake County,
Utah, referred to as the Tavaci Project.  The Tavaci Projects
consists of 39 single family residence lots which are finished and
ready for construction of homes thereon.  Four lots were sold
before the bankruptcy filing.

Cottonwood Estates filed a Chapter 11 bankruptcy petition (Bankr.
D. Utah Case No. 13-34298) on Dec. 30, 2013, in Salt Lake City,
Utah.  The Debtor estimated up to $50 million in both assets and
debts.

The Debtor has tapped Miller Guymon, PC, in Salt Lake City, as
bankruptcy counsel, Parr Brown Gee & Loveless as special counsel
for real estate transaction matters, J. Philip Cook as appraiser,
and Daines Goodwin as accountant.


CRUNCHIES FOOD: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Crunchies Food Company, LLC
        733 Lakefield Road, Suite #B
        Westlake Village, CA 91361-0000

Case No.: 14-11776

Chapter 11 Petition Date: August 15, 2014

Court: United States Bankruptcy Court
       Central District of California (Santa Barbara)

Judge: Hon. Peter Carroll

Debtor's Counsel: David L. Neale, Esq.
                  LEVENE NEALE BENDER YOO & BRILL LLP
                  10250 Constellation Blvd Ste 1700
                  Los Angeles, CA 90067
                  Tel: 310-229-1234
                  Fax: 310-229-1244
                  Email: dln@lnbrb.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by James P. Lacey, managing member.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Chaucer Foods c/o Evan Smiley                         $1,009,428
Welland, Golden, Smiley et al.
650 Town Center Drive, Suite 950
Costa, Mesa, CA 92626

Searsport Food                                          $829,234
Jiu Qu Town He Dong
District Shandong, China
00027-6034, China

Dan Rivero                                              $360,000
13701 Riverside Ave, #500
Sherman Oaks, CA 91423

Bella Food Sales, LLC                                   $347,040
56288 Erickson Dr
Mishawaka, IN 46545

World Health Industries                                 $320,712
1485 Livingston Lane
Jackson, MS 39213

Anschutz Entertainment Group                            $276,750
800 W. Olympic Blvd
#305 Los Angeles, CA
90015

Landsberg Santa Barbara                                 $245,092

Imperial Valley foods, Inc.                             $201,525

C.H. Robinson Worldwide Inc.                            $104,761

Lewis Brisbols Bisgard and Smith LLP                    $103,435

Sierra Packaging & Converting, LLC                       $97,583

Dynamic Presence East                                    $76,500

Leadership Capital Partners                              $70,000

Blue Ocean Innovative Solutions Inc.                     $64,364

FedEx                                                    $55,835

InFocus Specialities                                     $53,184

Van Drunen Farms                                         $51,752

Reicker, Pfau, Pyle & McRoy LLP                          $50,000

DMH Ingredients                                          $49,416

Koppel, Patrick, Heybi & Philpott                        $47,097


D.A.B. GROUP: U.S. Trustee Unable to Form Committee
---------------------------------------------------
William k. Harrington, the U.S. Trustee for Region 2, said that an
official committee under 11 U.S.C. Sec. 1102 has not been
appointed in the bankruptcy case of D.A.B. Group LLC.

The United States Trustee has attempted to solicit creditors
interested in serving on the Unsecured Creditors' Committee from
the 20 largest unsecured creditors.  After excluding governmental
units, secured creditors and insiders, the U.S. Trustee relayed he
has been unable to solicit sufficient interest in serving on the
Committee, in order to appoint a proper Committee.

The U.S. Trustee reserves the right to appoint such a committee
should interest developed among the creditors.

                         About DAB Group

D.A.B. Group LLC, owner of a stalled 16-story Allen Street Hotel
project in Orchard Street, New York, sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 14-12057) in Manhattan on July 14, 2014,
to pursue a prompt sale of the property.  The case is assigned to
Judge Shelley C. Chapman.

The property has been in the hands of a receiver since July 18,
2011.  Simon J.K. Miller, of Blank Rome LLP, serves as receiver.

J. Ted Donovan, Esq., at Goldberg Weprin Finkel Goldstein LLP, in
New York, serves as counsel to the Debtor.

DAB Group said in a court filing that its property is continguous
to the commercial property owned by its affiliate, 77-79 Rivington
Street Realty LLC (Bankr. S.D.N.Y. Case No. 14-10339).
Accordingly, DAB's Chapter 11 case is being filed as a related
proceeding.

                             *   *   *

The Debtor is currently required to file its Chapter 11 plan and
disclosure statement by Nov. 12, 2014.

A meeting of creditors under 11 U.S.C. Sec. 341(a) is slated for
Aug. 19, 2014.


DANIEL HENDON: Diversified Funding Wins Judgment in Guaranty Suit
-----------------------------------------------------------------
Debtor Daniel L. Hendon personally guaranteed a $7.7 million loan
made by Diversified Funding Group, LLC, to a limited liability
company he controlled, called Rightpath Holdings.  That entity
defaulted, and the loan was never repaid. DF seeks a determination
that the Debtor's obligation under his guarantee is
nondischargeable under 11 U.S.C. Sec. 523(a)(2)(A) and (B).  In an
August 13 Memorandum Decision available at http://is.gd/4f8WKA
from Leagle.com, Bankruptcy Judge Eileen W. Hollowell held that DF
is entitled to a judgment on one of its Sec. 523(a)(2)(A) claims.

"DF has demonstrated by a preponderance of the evidence that
Hendon made a fraudulent omission regarding his intent to use the
Loan Proceeds for purposes other than those specified in the Loan
Agreement, and is therefore entitled to a nondischargeability
judgment on its claim under [Sec.] 523(a)(2)(A). DF has not proven
that Hendon fraudulently obtained the debt through a materially
false personal financial statement or that Hendon fraudulently
obtained extensions of the debt," Judge Hollowell said.

DF filed the adversary proceeding on October 27, 2011.  DF alleged
that Hendon incurred the debt through a materially false personal
financial statement, promised to use the Loan Proceeds for
specific purposes but failed to disclose his true intent to use
the proceeds for unrelated and unauthorized purposes, and
fraudulently obtained extensions of debt.

On July 25, 2013, Hendon filed a motion for summary judgment
arguing that DF was not the real party in interest and that only
the investors had standing to pursue a nondischargeability action.
The merits of that motion were not decided. Instead, DF amended
the complaint to add the Investors as plaintiffs.

On June 25, 26, 27 and July 9, 2014, trial was held. The matter
was taken under advisement.

The case is, DIVERSIFIED FUNDING GROUP, LLC, an Arizona limited
liability company, et al, Plaintiffs, v. DANIEL L. HENDON,
Defendant, Adv. Proc. No. 2:11-ap-01972-EWH (Bankr. D. Ariz.).

DF is represented by:

     John R. Clemency, Esq.
     Michael R. Ross, Esq.
     GALLAGHER & KENNEDY, P.A.
     2575 East Camelback Road
     Phoenix, AZ, 85016
     Tel: 602-530-8000
     Fax: 602-530-8500
     E-mail: john.clemency@gknet.com
          michael.ross@gknet.com

Daniel L. Hendon sought chapter 11 bankruptcy protection (Bankr.
D. Ariz. Case No. 11-21164) on July 25, 2011.

Hendon operated more than 20 car washes in the greater Phoenix
area prior to the bankruptcy filing.  Most of the Car Washes were
owned by separate LLCs controlled by Hendon.  Hendon also owned a
number of real properties, including property in Glendale,
Arizona, which he hoped to develop in conjunction with that city's
plans to build a baseball stadium.

Michael W. Carmel, Esq., at Michael W. Carmel, Ltd., represents
the Debtor as counsel.


DETROIT, MI: $1.45 Billion Pension Debt Trial Set for Next June
---------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that U.S. Bankruptcy Judge Steven Rhodes in Michigan will
commence a trial in June next year in the lawsuit over whether the
city of Detroit can escape liability for $1.45 billion in debt
incurred in 2005 and 2006 to fund municipal pensions.  According
to the report, U.S. Bankruptcy Judge Steven Rhodes in Detroit set
June 15 to begin the trial to decide whether the city's
obligations on the pension debt are void because the loan was
structured to evade state restriction on how much debt the city
could issue.

In other news, Chris Christoff, writing for Bloomberg News,
reported that Detroit plans to sell about $975 million in bonds
for retirement costs and some creditor settlements as part of its
bankruptcy restructuring plan awaiting approval by a federal
judge.  According to the report, the Detroit City Council approved
four issues, including $632 million of tax-limited general
obligations that would pay 4 percent interest for the first 20
years and 6 percent for another 10 years.  The $632 million in
bonds would finance $450 million for retiree health care through a
voluntary employee beneficiary association, agreed to by retirees,
while another $34 million would pay claims by the city's Downtown
Development Authority, the report related.

The lawsuit is City of Detroit, Michigan v. General Retirement
System Corp. (In re City of Detroit, Michigan), 14-04112, U.S.
Bankruptcy Court, Eastern District of Michigan (Detroit).

                  About City of Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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


DYNASIL CORP: Posts $74,000 Net Income in Third Quarter
-------------------------------------------------------
Dynasil Corporation of America filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income attributable to common stockholders of $74,167 on
$10.64 million of net revenue for the three months ended June 30,
2014, as compared with a net loss attributable to common
stockholders of $366,360 on $11.32 million of net revenue for the
same period in 2013.

For the nine months ended June 30, 2014, the Company reported net
income attributable to common stockholders of $1.80 million on
$31.75 million of net revenue as compared with a net loss
attributable to common stockholders of $7.98 million on $32.36
million of net revenue for the same period last year.

As of June 30, 2014, the Company had $26.47 million in total
assets, $12.20 million in total liabilities and $14.26 million in
total stockholders' equity.

Cash as of June 30, 2014, was $3.1 million or approximately
$700,000 more than the cash of $2.4 million at Sept. 30, 2013.
Based on the collateral calculation as of June 30, 2014, the
Company had $ 3.6 million of availability under the line of credit
under which it has borrowed of $2.4 million.  Management believes
that the cash and availability under the line of credit discussed
above are adequate to meet the Company's current liquidity
requirements.

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

                       http://is.gd/iSAm5h

                          About Dynasil

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

The Company incurred a net loss of $8.72 million for the year
ended Sept. 30, 2013, as compared with a net loss of $4.30 million
for the year ended Sept. 30, 2012.

                Going Concern/Bankruptcy Warning

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

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


DYNCORP INT'L: Moody's Lowers Corp. Family Rating to 'B3'
---------------------------------------------------------
Moody's Investors Service has lowered ratings of DynCorp
International Inc. ("DI"), including the Corporate Family Rating
to B3 from B2, and concurrently affirmed the Speculative Grade
Liquidity Rating of SGL-3. The rating outlook is Stable.

The downgrade follows continuation of backlog declines across the
second quarter of 2014, continued low operating margin at the
company's DynAviation segment (comprised 51% of Q2 revenues) and
DI's need for a permanent CEO following the sudden departure of
its recently hired one. Despite a presently good level of free
cash flow generation and term loan prepayment, cash flow will
significantly lessen without earnings growth. EBITDA/interest over
the first half of 2014, excluding goodwill impairment charges and
income from equity method investees, would have been only 1.2x.

Ratings:

Corporate Family, to B3 from B2

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

$181 million first lien revolver due 2016, to Ba3, LGD2, from
Ba2, LGD2

$217 million first lien term loan due 2016, to Ba3, LGD2, from
Ba2, LGD2

$455 million senior unsecured notes due 2017, to Caa1, LGD5,
from B3, LGD5

Speculative Grade Liquidity, affirmed at SGL-3

Rating Outlook:

To Stable from Negative

Ratings Rationale

The B3 CFR recognizes the substantial revenue, backlog, and
operating margin declines over the first half of 2014 which lessen
the cash flow prospect but also acknowledges DI's good cash
balance, its contracting scale, credentials and deep bid pipeline.
In the first half of 2014 revenues declined by a third year-over-
year and total backlog has fallen materially as well. DI's $60
million of term loan prepayment in the first half of 2014 limited
the rise in debt/EBITDA to 5.9x from 5.2x (Moody's adjusted
basis), the ratio will likely climb to the low 6x range by year-
end despite $30 million additional term loan prepayment planned.
Beyond 2014, without improved earnings, free cash flow generation
and debt reduction capacity will fall off since the release of
working capital from business contraction will lessen, and
likelihood of rising leverage will then grow. While the company's
Afghanistan-based work is, as expected, declining with US troop
levels in-theatre stepping-down, credit metrics face added
pressure from unexpected revenue softness and low operating margin
at the DynAviation segment. The cash balance provides financial
flexibility to undertake cost and other operational initiatives
that may stabilize DynAviation while the bid pipeline could
provide revenue traction.

The rating outlook is Stable as the company manages its cash
prudently, will likely remain focused on debt reduction, and
potential for a better backlog trend exists due to the bid
pipeline. DI's cost reductions over the first half of 2014 and
additional ones planned over the balance of the year should favor
its bidding competitiveness. Although much of the benefit from
cost reduction directly accrues to the customer rather than DI
based on the company's many cost-based pricing vehicles, some
margin expansion should still follow.

The Speculative Grade Liquidity Rating of SGL-3 denotes adequate
liquidity supported largely by its cash position. At June 30th DI
held $153 million of unrestricted cash. Also supporting the
liquidity profile is low capital intensity of the services
business model as it favors (albeit, not robust) near-term cash
flow generation prospects and the company has no near-term
scheduled debt maturities. That said, a complicating factor for
the SGL rating is the likely need for amended financial ratio
covenant terms under the bank credit facility by year-end. That
amendment effort, planned for this quarter, could be helped by the
degree to which the term loan has been reduced since its
inception. Beyond letters of credit utilization, DI is unlikely to
have to rely on the facility's revolver near-term.

The rating would be downgraded with EBITDA to interest at or below
mid-1x, debt/EBITDA expected at the high 7x range, low annual FCF
(less than $10 million), or with weak liquidity. Liquidity will
weaken if progress toward obtaining the credit facility covenant
test amendment comes in doubt. Upward rating momentum would depend
on higher backlog and expectation of EBITDA/interest approaching
3x, debt/EBITDA below 6x, and FCF/debt in the mid single digit
percentage range.

The principal methodology used in this rating was Global Aerospace
and Defense Industry published in April 2014. Other methodologies
used include Loss Given Default for Speculative-Grade Non-
Financial Companies in the U.S., Canada and EMEA published in June
2009.

DynCorp International Inc., headquartered in McLean, VA, provides
mission-critical support services outsourced by U.S. military,
non-military U.S. governmental agencies and foreign governments.
The company is an operating subsidiary of Delta Tucker Holdings,
Inc., which is majority-owned by affiliates of Cerberus Capital
Management, LP. Revenues for the twelve months ended June 27, 2014
were approximately $2.7 billion.


ENERGY FUTURE: Blasts Bid For 2nd Unsecured Creditors Committee
---------------------------------------------------------------
Law360 reported that Energy Future Holdings Corp. blasted a
request to form a second creditors committee in its massive
bankruptcy case, arguing that unsecured interests are already
adequately represented and that it hopes to shortly secure a
restructuring deal that could "significantly increase" unsecured
recoveries.  According to the report, in a motion before the
Delaware bankruptcy court, EFH contended that unsecured creditors
would get "minimal, if any benefits" from the formation of another
creditors committee, not enough to justify the substantial cost
such a fiduciary body would reap on the estate.

            About Energy Future Holdings fka TXU Corp.

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

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

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

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

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

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

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

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

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


ENERGY FUTURE: Extends Bar Date For Asbestos Claims
---------------------------------------------------
Law360 reported that Energy Future Holdings Corp. said that it
would extend its proposed claims bar date by 30 days, responding
to criticism from five personal injury law firms that argued the
deadline would strip asbestos claimants of their due process
rights, but the power giant would not eliminate the cutoff
altogether.  According to the report, in a motion before the
Delaware bankruptcy court, EFH also said it would modify its
notice procedures to include more information about asbestos-
related claims and publish a specific notice regarding the
substance to address concerns.

            About Energy Future Holdings fka TXU Corp.

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

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

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

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

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

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

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

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

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


EVERGREEN COUNTRY CLUB: Lender to Hold Foreclosure Sale Aug. 25
---------------------------------------------------------------
L&L Resorts, LLC, as lender, will sell, lease or license, as
applicable, all of the property pledged to the Lender as
collateral for loans made to Evergreen Country Club, Inc.,
including, without limitation, all inventory, accounts, equipment
and general intangibles.  The Property will be sold to the highest
qualified bidder, in public, as follows:

     Date:  Monday, August 25, 2014

     Time:  Beginning at 11:00 a.m.

     Place: At the front of the Prince William County
            Courthouse located at 9311 Lee Avenue,
            Manassas, Virginia

L&L Resorts, LLC is represented by James R. Schroll, Esq., as
counsel.


EVERGREEN COUNTRY CLUB: Berkeley Drive Lots to Be Sold Aug. 25
--------------------------------------------------------------
Jennifer O. Schiffer and Joseph P. Corish -- as Substitute
Trustees, replacing F. Kevin Reynolds and Carl E. Dodson,
Trustees, under a Credit Line Deed of Trust and Security Agreement
dated March 30, 2005 -- will sell at public auction these
properties of Evergreen Country Club, Inc., located at:

            15900 Berkeley Drive,
            16051 Berkeley Drive,
            3651 Delashmutt Drive, and
            3899 Mount Atlas Lane,
            Haymarket, Virginia

The sale will exclude a 16,629 square foot parcel to be retained
by Evergreen Farm Development Corporation.

The Properties will be sold to the highest qualified bidder, in
public, on Monday, August 25, 2014, beginning at 11:00 a.m., at
the front of the Prince William County Courthouse located at 9311
Lee Avenue, Manassas, Virginia.

The Purchaser must be in cash.

To bid on the Property, a bidder's deposit of $50,000 must be
delivered by each bidder other than the noteholder to the
Substitute Trustees prior to the commencement of the sale. The
deposit shall be by certified or cashier's check drawn on a
financial institution acceptable to the Substitute Trustees and
the Noteholder. The deposit, without interest, will be applied to
the purchase price at settlement or returned to the unsuccessful
bidders, as applicable. The balance of the purchase price will be
due by certified check or immediately available funds at
settlement. Settlement in full shall be made within 21 days from
the date of the foreclosure sale, time being of the essence, and
shall occur in the offices of the Substitute Trustees or such
other place as mutually agreed upon.

Written one-price bids may be received by the Substitute Trustees
from the Noteholder or any other person for entry by announcement
by the Substitute Trustees at the sale. The Property will be
offered for sale to the highest bidder, subject however to the
Substitute Trustees' right to reject any bid that the Substitute
Trustees deem inadequate and/or unacceptable.

Pursuant to a separate Notice of Disposition of Collateral, the
Trustee, at the request of the noteholder, will be selling at
public auction certain personal property of Evergreen Country
Club, Inc. at the same date and time.

In the event the Substitute Trustees deem it best for any reason
at the time of sale to postpone, suspend, or continue the sale
from time to time, they may do so in accordance with the terms of
the Deed of Trust and/or applicable law, and thereafter may sell
the Property as therein provided.

In the event of default, the Property may be sold at the expense
(which expense shall include a trustee's fee and costs of sale) of
the defaulting purchaser, and the defaulting purchaser shall be
liable for any amount by which the ultimate sale price for the
Property is less than the defaulting purchaser's bid. In addition,
the deposit shall be forfeited and applied to the costs of the
sale and to the secured indebtedness, subject however, to any
agreement between the Noteholder and the Substitute Trustees with
respect to the Substitute Trustees' commission. After any default
and forfeiture of deposit, such Property may, at the discretion of
the Substitute Trustees, be conveyed to the next highest bidder on
such Property whose bid was acceptable to the Substitute Trustees.
Should the Substitute Trustees be unable, for any reason, in their
reasonable discretion, to convey marketable title, the successful
bidder's sole remedy in law or equity shall be the return of his
deposit. Upon return of the deposit, the sale shall be void and of
no effect.

For further information, contact:


     Lisa A. Antonelli
     BEAN, KINNEY & KORMAN, P.C.
     2300 Wilson Boulevard, 7th Floor
     Arlington, VA 22201
     Tel: 703-525-4000
     E-mail lantonelli@beankinney.com


EXIDE TECHNOLOGIES: UST Not Convinced on Equity Panel Appointment
-----------------------------------------------------------------
Roberta A. DeAngelis, the United States Trustee for Region 3,
filed responses to the motions of Alfred M. Shams and Landon
Romano seeking the appointment of an equity committee.

The July 3, 2014 edition of The Troubled Company Reporter related
that Alfred M. Shams and Landon Romano of Steward LLC filed
separate letters to the Bankruptcy Court, seeking the appointment
of an equity committee.  Both parties said they worked together in
the Exide-related matters.  They both insisted that value exists
in equity.  Mr. Romano said analysis performed by the outside
restructuring firm suggests there could be as much as $600 million
in value at the moment.

In court papers, the U.S. Trustee argued that the Movants have not
offerd admissible evidence to support that there is as much as
$600 million of equity value in the Debtor.

The Movants, the U.S. Trustee said, appear to rely in part on the
analysis of a financial advisor that has not been retained by any
party-in-interest.

"It is not enough for the Movants to state their conclusion that
the Debtor has positive equity value; they must produce evidence
demonstrating a substantial likelihood of a meaningful
distribution to equity holders after payment in full of all
prepetition and postpetition creditors.  Absent the requisite
evidentiary showing, the estate should not be burdened with the
substantial cost of an equity committee," the U.S. Trustee
contended.

The U.S. Trustee added that even if the Movants were able to
demonstrate a substantial likelihood of a meaningful distribution
to equity security holders, they must also demonstrate that the
interests of equity holders cannot be adequately represented
without an official committee.

The Movants have the initial burden of developing a factual record
to demonstrate that the interests of equity holders are not
adequately represented, but they have not met that burden, the
U.S. Trustee said.

"The interests of shareholders are already represented by the
Debtor's board of directors and management, who have a fiduciary
obligation to maximize value of the estate for the benefit of both
creditors and shareholders," the U.S. Trustee pointed out.  "The
Movants have not shown that the interests of the board of
directors and of management are not aligned with the interests of
shareholders."

The U.S. Trustee thus asks the Court to deny the Motions for an
Equity Committee Appointment.

                   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.

                         *     *     *

Exide related in a June 30, 2014 press release that it received a
non-binding proposal for a Plan of Reorganization (POR) from the
Unofficial Committee of Senior Secured Noteholders (UNC).  The UNC
members hold a substantial majority of the Company's Debtor-in-
Possession (DIP) facility term loan and prepetition senior secured
notes.  The UNC proposal contemplates, among other things, an
investment of $300 million in new equity capital backstopped by
certain members of the UNC.  The Debtor says the proposal is
highly constructive and is the likely path it will follow in order
to emerge from chapter 11.


F&H ACQUISITION: Has Exclusivity in Plan Filing Thru Oct. 13
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware granted F&H
Acquisition Corp.'s second request for an extension of its
exclusive period to file a Chapter 11 plan through Oct. 13, 2014
and the corresponding deadline to solicit acceptances for that
plan through Dec. 10, 2014.

                  About F & H Acquisition Corp.

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

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

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

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

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

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

The Debtors are represented by Robert S. Brady, Esq., Robert F.
Poppiti, Jr., Esq., and Rodney Square, Esq., at Young, Conaway,
Stargatt & Taylor, LLP of Wilmington, DE; and Adam H. Friedman,
Esq., Jordana L. Nadritch, Esq., and Jonathan T. Koevary, Esq. at
Olshan Frome Wolosky, LLP of New York, NY.  Imperial Capital LLC
as financial advisor; and Epiq Bankruptcy Solutions as claims and
noticing agent.

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


FALCON STEEL: Hires Forshey & Prostok as Attorneys
--------------------------------------------------
Falcon Steel Company and New Falcon Steel, LLC ask for permission
from the Hon. D. Michael Lynn of the U.S. Bankruptcy Court for the
Northern District of Texas to employ Forshey & Prostok, LLP as
attorneys for the Debtors as of the June 29, 2014 petition date.

The Debtors require Forshey & Prostok to:

   (a) advise the Debtors of their rights, powers and duties as
       debtors and debtors in possession continuing to manage
       their affairs and properties;

   (b) advise the Debtors concerning, and assisting in the
       negotiation and documentation of, agreements, debt
       restructurings, and related transactions;

   (c) review the nature and validity of liens asserted against
       the property of the Debtors and advising the Debtors
       concerning the enforceability of such liens;

   (d) advise the Debtors concerning the actions that they might
       take to collect and to recover property for the benefit of
       the Debtors' estate;

   (e) prepare on behalf of the Debtors all necessary and
       appropriate applications, motions, pleadings, proposed
       orders, notices, schedules and other documents, and
       reviewing all financial and other reports to be filed in
       this chapter 11 case;

   (f) advise the Debtors concerning, and preparing responses to
       applications, motions, pleadings, notices and other papers
       that may be filed and served in this chapter 11 case;

   (g) counsel the Debtors in connection with the formulation,
       negotiation and promulgation of a plan of reorganization
       and related documents; and

   (h) perform all other legal services for and on behalf of the
       Debtors that may be necessary or appropriate in the
       administration of these chapter 11 cases or in the
       management of the property of the Debtors' bankruptcy
       estates, including advising and assisting the Debtors with
       respect to debt restructurings, stock or asset
       dispositions, and general corporate, securities, tax,
       finance, real estate and litigation matters.

Forshey & Prostok will be paid at these hourly rates:

       Partners                  $575
       Associates                $275-$425
       Paralegals                $150-$195

Forshey & Prostok will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Prior to the petition date, the Debtors became obligated to
Forshey & Prostok for legal services rendered and expenses
advanced in the aggregate amount of $31,420.  Prior to and within
90 days of the petition date, Forshey & Prostok received two
retainers: on in the amount of $10,000 on April 25, 2014, and one
in the amount of $50,000 on June 27, 2014.  The current unused
balance of the prepetition retainers paid to Forshey & Prostok is
$28,580.

Jeff P. Prostok, partner of Forshey & Prostok, assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.

Forshey & Prostok can be reached at:

       Jeff P. Prostok, Esq.
       FORSHEY & PROSTOK, LLP
       777 Main Street, Suite 1290
       Fort Worth, TX 76102
       Tel: (817) 877-8855
       Fax: (817) 877-4151
       E-mail: jprostok@forsheyprostok.com

                    About Falcon Steel Company

Falcon Steel Company and New Falcon Steel, LLC, sought Chapter 11
protection in the U.S. Bankruptcy Court for the Northern District
of Texas, Fort Worth Division (Case Nos. 14-42585 and 14-42586) on
June 29, 2014.  Falcon Steel claims to be the only American-owned
company that builds steel lattice towers for high electrical
transmission lines.

The Debtors are seeking joint administration of their Chapter 11
cases (Lead Case No. 14-42585).

Falcon Steel was formed in 1963 and has operated continuously
since that time as a manufacturer engaged in fabricating and
galvanizing structural steel for customers in the United States.
New Falcon, a subsidiary, suspended operations in June 2013 and is
being held for sale.

Falcon has three manufacturing plants in the DFW area in Texas,
with one facility in Haltom City, another in Euless, and the third
facility in Kaufman, Texas.  The company's corporate headquarters
is located at its Haltom City plant.  It currently employs
approximately 255 employees.

Falcon Steel estimated assets and debt of $10 million to $50
million.

The Debtors have tapped Forshey & Prostok, LLP, as counsel.

Bankruptcy Judge D. Michael Lynn, in an amended order, directed
the joint administration of the case of Falcon Steel Company and
New Falcon Steel, LLC


FALCON STEEL: Creditors' Panel Taps McCathern as Counsel
--------------------------------------------------------
The Official Committee of Unsecured Creditors of Falcon Steel
Company and New Falcon Steel, LLC ask for permission from the Hon.
D. Michael Lynn of the U.S. Bankruptcy Court for the Northern
District of Texas to retain McCathern, PLLC as counsel of the
Committee.

The professional services McCathern will render to the Committee,
as counsel, include, among other things:

   (a) assisting, advising, and representing the Committee with
       respect to the administration of the Bankruptcy Case;

   (b) providing all necessary legal advice with respect to the
       Committee's powers and duties;

   (c) assisting the Committee in working to maximize the value of
       the Debtors' assets for the benefit of the Debtors'
       unsecured creditors;

   (d) assisting the Committee with respect to evaluating and
       negotiating a plan of reorganization and, if necessary,
       either challenging or supporting as appropriate, the
       confirmation of a plan and the approval of an associated
       disclosure statement;

   (e) conducting an investigation, as the Committee deems
       appropriate, concerning, among other things, the assets,
       liabilities, financial condition, and operating issues of
       the Debtors;

   (f) commencing and prosecuting any and all necessary and
       appropriate actions and proceedings on behalf of the
       Committee in the Bankruptcy Case;

   (g) preparing, on behalf of the Committee, necessary
       applications, pleadings, motions, answers, orders, reports,
       and other legal papers;

   (h) communicating with the Committee's constituents and others
       as the Committee may consider necessary or desirable in
       furtherance of its responsibilities;

   (i) appearing in Court and representing the interests of the
       Committee; and

   (j) performing all other legal services for the Committee that
       are appropriate, necessary, and proper in connection with
       the Bankruptcy Case.

McCathern's hourly rates for the attorneys and paralegals who will
most likely be working on this Bankruptcy Case are:

       Jonathan L. Howell, Counsel         $290
       Blair Greene, Associate             $250
       Katrina Lucas, Paralegal            $150

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

Jonathan L. Howell, of counsel of McCathern, assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.

McCathern can be reached at:

       Jonathan L. Howell, Esq.
       MCCATHERN, PLLC
       Regency Plaza
       3710 Rawlins, Suite 1600
       Dallas, TX 75219
       Tel: (214) 273-6409
       Fax: (214) 723-5966
       E-mail: jhowell@mccarthernlaw.com

                    About Falcon Steel Company

Falcon Steel Company and New Falcon Steel, LLC, sought Chapter 11
protection in the U.S. Bankruptcy Court for the Northern District
of Texas, Fort Worth Division (Case Nos. 14-42585 and 14-42586) on
June 29, 2014.  Falcon Steel claims to be the only American-owned
company that builds steel lattice towers for high electrical
transmission lines.

The Debtors are seeking joint administration of their Chapter 11
cases (Lead Case No. 14-42585).

Falcon Steel was formed in 1963 and has operated continuously
since that time as a manufacturer engaged in fabricating and
galvanizing structural steel for customers in the United States.
New Falcon, a subsidiary, suspended operations in June 2013 and is
being held for sale.

Falcon has three manufacturing plants in the DFW area in Texas,
with one facility in Haltom City, another in Euless, and the third
facility in Kaufman, Texas.  The company's corporate headquarters
is located at its Haltom City plant.  It currently employs
approximately 255 employees.

Falcon Steel estimated assets and debt of $10 million to $50
million.

The Debtors have tapped Forshey & Prostok, LLP, as counsel.

Bankruptcy Judge D. Michael Lynn, in an amended order, directed
the joint administration of the case of Falcon Steel Company and
New Falcon Steel, LLC


FIELD TIME SPORTS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Field Time Sports & Guns Inc.
        14542 Beach Boulevard, Suite A
        Westminster, CA 92683

Case No.: 14-15029

Chapter 11 Petition Date: August 15, 2014


Court: United States Bankruptcy Court
       Central District Of California (Santa Ana)

Judge: Hon. Scott C Clarkson

Debtor's Counsel: Todd C. Ringstad, Esq.
                  RINGSTAD & SANDERS LLP
                  2030 Main St #1600
                  Irvine, CA 92614
                  Tel: 949-851-7450
                  Email: becky@ringstadlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Myrna Wickes, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb14-15029.pdf


FONTAINEBLEAU LAS VEGAS: BofA Takes Note Dispute To Fed. Court
--------------------------------------------------------------
Law360 reported that Bank of America NA removed to New York
federal court U.S. Bank NA's suit accusing BofA of prematurely
paying out $271.3 million on a series of mortgage notes related to
the failed $2.9 billion Fontainebleau Las Vegas casino and resort
project.  According to the report, BofA said it was removing the
suit from New York's Supreme Court after having been served a
summons in the dispute in late July and subsequently filing a
demand for a complaint in state court.

                  About Fontainebleau Las Vegas

Fontainebleau Las Vegas -- http://www.fontainebleau.com/-- was
planned as a hotel-casino on property along the Las Vegas Strip.
Its developer, Fontainebleau Las Vegas Holdings LLC and
affiliates, filed for Chapter 11 protection (Bankr. S.D. Fla. Lead
Case No. 09-21481) on June 9, 2009.

Scott L Baena, Esq., at BilzinSumbergBaena Price & Axelrod LLP,
represented the Debtors in their restructuring effort.  Kurtzman
Carson Consulting LLC served as the Debtors' claims agent.
Attorneys at Genovese Joblove& Battista, P.A., and Fox
Rothschild, LLP, represented the Official Committee of Unsecured
Creditors.  Fontainebleau Las Vegas LLC estimated more than
$1 billion in assets and debts, while each of Fontainebleau Las
Vegas Capital Corp. and Fontainebleau Las Vegas Holdings LLC
estimated less than $50,000 in assets.

In February 2010, Icahn Enterprises L.P. acquired Fontainebleau
for roughly $150 million.  The bankruptcy case was subsequently
converted to Chapter 7.  Soneet R. Kapila has been named the
trustee for the Chapter 7 case of Fontainebleau Las Vegas.


GENERAL MOTORS: Judge Warms To Discovery In Ignition Switch MDL
---------------------------------------------------------------
Law360 reported that a New York federal judge indicated he would
likely allow limited discovery to proceed in multidistrict
litigation over deadly General Motors LLC ignition switches,
saying it would streamline and advance the litigation without
interfering with the proceedings before the bankruptcy court.
According to the report, U.S. District Judge Jesse M. Furman said
in an order detailing his preliminary views that GM should be
required to produce all relevant non-privileged materials that
have been given to the federal government and an investigative
team led by attorney Anton Valukas, who was retained by GM to
conduct an investigation into the February recall of 2.6 million
vehicles.

                       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.


GENUTEC BUSINESSS: Taps Shulman Hodges as Collection Counsel
------------------------------------------------------------
Genutec Businesss Solutions, Inc., seeks to employ Shulman Hodges
& Bastian LLP as its special collection counsel in relation to a
judgment entered by the Orange County Superior Court on July 18,
2013 against Lee Danna and Henrik Smith Duyzentkunst.

The lawsuit is styled as Gentuect v. Taus, et al., Orange County
Superior Court Case No. 07CC07918.

The Firm will be employed on a contingency fee basis plus costs
and has requested an advance for costs of $7,500.

As special collection counsel, the Firm will be required to
conduct investigations and prepare the necessary documents and
pleadings to assist the Debtor with collecting on the Judgment,
including garnishment proceedings, levy, turnover proceedings or
any other legal or judgment enforcement proceeding or procedure
necessary.

The Firm attests that it is a "disinterested person" as the term
is defined under Section 101(14) of the Bankruptcy Code.

                 About Genutec Businesss Solutions

Genutec Businesss Solutions, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 14-13115) in Santa Ana,
Georgia, on May 16, 2014.  David Montoya signed the petition as
director.  The Debtor disclosed assets of $12,851,544 and
liabilities of $11,529,199.  Judge Erithe A. Smith presides over
the case.  Michael R Totaro, Esq., at Totaro & Shanahan, in
Pacific Palisades, California, acts as bankruptcy counsel.

The U.S. Trustee has appointed a three-member panel to serve as of
the official committee of unsecured creditors in the Debtor's
case.  The panel is composed of Merrill Communications, LLC (c/o
Leif Simpson); Lawnae Hunter (Jones Day, Paul Rafferty); and
Michael Taus.

                            *   *   *

The Debtor currently has until October 1, 2014 to file a Chapter
11 plan and disclosure statement.  Sept. 9, 2014 has been set as
the general claims bar date.


GGW BRANDS: Judge Recommends Jail for Girls Gone Wild Founder
-------------------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that
U.S. Bankruptcy Judge Sandra Klein in Los Angeles has recommended
jail time for Girls Gone Wild founder Joe Francis after he failed
to turn over luxury cars owned by Girls Gone Wild to the lawyers
who are handling the bankruptcy of the porn business.  According
to the Journal, citing court papers, Mr. Francis said he can't
return the vehicles, a 2007 Cadillac Escalade and a 2012 Bentley
Flying Spur, because a strip-club owner in Mexico -- angry that
several Girls Gone Wild promotions fell through -- took them.

                         About GGW Brands

Santa Monica, California-based GGW Brands, LLC, the company behind
the "Gils Gone Wild" video, filed a Chapter 11 petition (Bankr.
C.D. Cal. Case No. 13-15130) on Feb. 27, 2013.  Judge Sandra R.
Klein oversees the case.  The company is represented by the Law
Offices of Robert M. Yaspan.  The company disclosed $0 to $50,000
in estimated assets and $10 million to $50 million in estimated
liabilities in its petition.

Affiliates GGW Events LLC, GGW Direct LLC and GGW Magazine LLC
also sought Chapter 11 protection.

GGW Marketing, LLC, another affiliate, filed a voluntary Chapter
11 petition on May 22, 2013, before the Bankruptcy Court for the
Central District of California (Los Angeles). The case is assigned
Case No. 13-23452.  Martin R. Barash, Esq., and Matthew Heyn,
Esq., at Klee, Tuchin, Bogdanoff and Stern, LLP, in Los Angeles,
California, represent GGW Marketing.

In April 2013, R. Todd Neilson, an ex-FBI agent, was appointed as
Chapter 11 Trustee to take over the companies.  Mr. Neilson has
investigated failed solar-power company Solyndra and was involved
in the Mike Tyson and Death Row Records bankruptcy cases.

In April 2014, the Chapter 11 Trustee sold the "Girls Gone Wild"
video franchise and its assets for $1.83 million.  An auction set
earlier that month was canceled because there were no bids to
compete with the so-called stalking horse, who isn't affiliated
with founder Joe Francis.


GRAND CENTREVILLE: Wells Fargo Withdraws Motion to Dismiss Case
---------------------------------------------------------------
Wells Fargo Bank, N.A., as trustee for the registered holders of
JP Morgan Chase Commercial Securities Corp., Commercial Mortgage
Pass-Through Certificates, Series 2005-CIBC13, withdrew its motion
to dismiss the Chapter 11 case of Grand Centreville, LLC.  The
continued hearing on the Motion is also dismissed.

As reported in the Troubled Company Reporter on April 15, 2014,
Wells Fargo Bank, N.A. filed papers in 2014 seeking dismissal of
the Debtor's case, arguing that the bankruptcy case was filed in
bad faith and that the receiver has no standing to file the
bankruptcy petition.

                     About Grand Centreville

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

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

Grand Centreville's chapter 11 proceeding is related to the
Chapter 11 proceedings of Min S. Kang and Man S. Kang (Bankr. E.D.
Va. Case No. 10-18839-RGM) filed on Oct. 19, 2010.  Prior to March
16, 2009, the Kangs indirectly owned 100% of the economic
interests in the Debtor and, through their 100% ownership of Grand
Formation, controlled all management rights with respect to Grand
Centreville.  On Jan. 7, 2013, the Court entered an Order
directing the United States Trustee to appoint a chapter 11
trustee for the Kangs' case.  On the same date, the U.S. Trustee
appointed Raymond A. Yancey as chapter 11 trustee for the Kangs'
case, which appointment the Court approved on Jan. 16, 2013.

Wells Fargo Bank N.A., the secured creditor, is represented by
William C. Crenshaw, Esq., and Mona M. Murphy, Esq., at Akerman
LLP.

Special Counsel to Raymond A. Yancey, Chapter 11 11 Trustee in the
Kangs' Bankruptcy Case is Bradford F. Englander, Esq., at
Whiteford Taylor & Preston, L.L.P.  Counsel for Yeon K. Han is
Timothy J. McGary, Esq.  Counsel for James Y. Sohn is James R.
Schroll, Esq., at Bean, Kinney & Korman, P.C.


GREEN MOUNTAIN: Has Interim Authority to Use Cash Collateral
------------------------------------------------------------
Sherri Toub, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reports that Green Mountain
Management LLC, the largest municipal solid waste landfill in the
southeastern U.S. based on permitted air-space, has obtained
interim authority to use the cash collateral securing its
prepetition indebtedness.  According to the report, the purchase
and development of the landfill were funded by $17 million in
bonds issued by the Solid Waste Disposal Authority of the city of
Adamsville, Alabama.

Green Mountain Management, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ga. Case No. 14-64287) on July 25, 2014.
The petition was signed by Daniel B. Cowart, sole member of
Georgia Flattop Partners, LLC, and chairman of Green Mountain
Management, LLC.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Nov. 24, 2014.

The Debtor estimated $10 million to $50 million in assets and
debt.  Georgia Flattop Partners, LLC is the managing member and
holders of 93% of the stock.

The case is assigned to Judge Barbara Ellis-Monro.

The Debtor is represented by Sage M. Sigler, Esq., at Alston &
Bird, LLP, in Atlanta.


GUIDED THERAPEUTICS: Warns of Possible Bankruptcy Filing
--------------------------------------------------------
Guided Therapeutics, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss attributable to common stockholders of $2.19 million on
$11,000 of contract and grant revenue for the three months ended
June 30, 2014, as compared with a net loss attributable to common
stockholders of $2.92 million on $222,000 of contract and grant
revenue for the same period last year.

For the six months ended June 30, 2014, the Company reported a net
loss attributable to common stockholders of $3.80 million on
$30,000 of contract and grant revenue as compared with a net loss
attributable to common stockholders of $4.73 million on $389,000
of contract and grant revenue for the same period during the prior
year.

As of June 30, 2014, the Company had $3.82 million in total
assets, $6.31 million int total liabilities and a $2.49 million
total stockholders' deficit.

"The Company's capital-raising efforts are ongoing.  If sufficient
capital cannot be raised by the third quarter of 2014, the Company
has plans to curtail operations by reducing discretionary spending
and staffing levels, and attempting to operate by only pursuing
activities for which it has external financial support and
additional NCI, NHI or other grant funding.  However, there can be
no assurance that such external financial support will be
sufficient to maintain even limited operations or that the Company
will be able to raise additional funds on acceptable terms, or at
all.  In such a case, the Company might be required to enter into
unfavorable agreements or, if that is not possible, be unable to
continue operations, and to the extent practicable, liquidate
and/or file for bankruptcy protection."

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

                       http://is.gd/oRglgb

                     About Guided Therapeutics

Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP)
-- http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to
develop a non-invasive test for Barrett's Esophagus using the
LightTouch technology platform.

Guided Therapeutics reported a net loss attributable to common
stockholders of $10.39 million on $820,000 of contract and grant
revenue for the year ended Dec. 31, 2013, as compared with a net
loss of $4.35 million on $3.33 million of contract and grant
revenue during the prior year.

UHY LLP, in Sterling Heights, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company's recurring losses from operations and accumulated
deficit raise substantial doubt about its ability to continue as a
going concern.


HELIA TEC: HSC Reserves Rights to Challenge Hughes' Authority
-------------------------------------------------------------
HSC Holdings Co., Ltd., formerly known as GE&F Co., Ltd., asks the
Bankruptcy Court to amend its July 18, 2014 order on its request
to convert or dismiss Helia Tec Resources, Inc.'s Chapter 11 case.

HSC sought for the conversion of the case to Chapter 7 so that an
independent fiduciary may oversee the orderly liquidation of the
estate and facilitate pending claims. During the hearing, the
Court noted that HSC could choose not to pursue the issue at that
point and preserve the issue for another day.

Based on comments from the bench, HSC amended its request,
withdrew its alternate request for dismissal based on lack of
authority and improper purpose, and added an alternate request for
the appointment of a Chapter 11 trustee.

On July 18, 2014, the Court denied HSC's amended request. In a
sentence that appears to address to the Court's jurisdictional
concerns, but with no direct bearing on the substance of HSC's
amended request, the Court stated that "[a]lthough HSC attempted
to preserve the issue regarding Mr. [Cary] Hughes' authority to
act on behalf of the Debtor, the withdrawal of the request to
dismiss the case due to lack of authority constitutes an admission
that the case was properly filed".

David B. Harberg, Esq., in Houston, Texas, points out that the
statement suggests that HSC did not effectively preserve its
objections to Hughes' authority to act on Helia Tec's behalf and
that, by withdrawing its alternate request for dismissal, HSC has
judicially admitted that Hughes had the authority to file this
bankruptcy case.

Mr. Harberg clarifies that regardless of whether Mr. Hughes or HSC
had the legitimate authority to initiate the bankruptcy filing,
HSC ratified the filing of the case, and the Court has
jurisdiction over the bankruptcy. Mr. Harbergy adds that HSC has
never admitted to Mr. Hughes' authority to act on Helia Tec's
behalf in the bankruptcy proceeding or otherwise.

HSC's election to withdraw its request for dismissal of the
bankruptcy based on Mr. Hughes' lack of authority to act on behalf
of Helia Tec is no judicial admission that Mr. Hughes has the
authority, says Mr.Harberg. HSC has expressly preserved its
objections to Mr. Hughes' authority. HSC therefore wants the order
to be altered or amended to remove any ambiguity or confusion
concerning the effect of HSC's withdrawal of its request for
dismissal.

HSC is represented by:

     David B. Harberg, Esq.
     1010 Lamar, Suite 450
     Houston, Texas 77002
     Telephone: 713-752-2200
     Facsimile: 832-553-7888

                      About Helia Tec Resources

Helia Tec Resources, Inc. filed a Chapter 11 petition (Bankr. S.
D. Tex. Case No. 13-36251) on Oct. 3, 2013 in Houston, Texas,
represented by Richard L. Fuqua, II, Esq., at Fuqua & Associates,
PC, in Houston, as counsel to the Debtor. The Debtor listed
$16.15 million in assets and $2.24 million in liabilities. The
petition was signed by Cary E. Hughes, president.

Judy A. Robbins, U.S. Trustee for Region 7, was unable to appoint
an official committee of unsecured creditors in the Debtor's case.


HOSPITALITY STAFFING: Taps Grant Thornton to Provide Tax Services
-----------------------------------------------------------------
Hospitality Liquidation II, LLC, (fka Hospitality Staffing
Solutions Group, LLC), et al., ask the U.S. Bankruptcy Court for
the District of Delaware for permission to employ Grant Thornton,
LLP, to provide them with tax preparation services.

The Firm is expected to provide these services:

   (a) Preparation of federal and state tax returns;

   (b) Preparation of a workbook for purposes of determining the
       taxable income (loss) allocations to each Debtor; and

   (c) Upon request, and for an additional fee, routine time-to-
       time tax consulting services.

Grant Thornton will be paid a flat fee of $60,600 for its
services, which will be billed and payable as:

     Fees                      Amount
     ----                      ------
     Upon Execution:          $25,000
     August 15, 2014:         $25,000
     September 1, 2014:       $10,600

The Debtors owe Grant Thornton $103,790 for auditing services the
Firm performed pre-bankruptcy on behalf of the Debtors.  The Firm
agrees to waive this prepetition claim.

The Firm assures the Court that it is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code.

The Debtors' request is set to be heard on Aug. 25.

               About Hospitality Staffing Solutions

Hospitality Staffing Solutions, LLC (HSS) --
http://www.hssstaffing.com-- is a hospitality staffing company.
Established in 1990, the company's team of hotel industry experts
works with 4 and 5 star properties in 35 states and 62 markets
across the country.

Hospitality Staffing Solutions and various affiliates filed
voluntary Chapter 11 petitions (Bankr. D. Del. Lead Case No.
13-12740) on Oct. 24, 2013, before Judge Brendan Linehan Shannon.
The Debtors are represented by Mark Minuti, Esq., at Saul Ewing
LLP, in Wilmington, Delaware; and Jeffrey C. Hampton, Esq.,
Monique Bair DiSabatino, Esq., and Ryan B. White, Esq., at Saul
Ewing LLP, in Philadelphia, Pennsylvania.  The Debtors' financial
advisor is Conway Mackenzie, Inc., and their investment banker is
Duff & Phelps Corp.  Epiq Systems, Inc., is the Debtors' claims
and noticing agent.  HSS Holding disclosed assets of undetermined
amount and liabilities of $22,910,994.

The investor group is providing DIP financing.  They are
represented by Scott K. Charles, Esq., and Neil M. Snyder, Esq.,
at Wachtell, Lipton, Rosen & Katz, in New York; and Derek C.
Abbott, Esq., at Morris, Nichols, Arsht & Tunnell LLP, in
Wilmington, Delaware.

Roberta A. DeAngelis, U.S. Trustee for Region 3, has notified the
Bankruptcy Court that she was unable to appoint a committee of
unsecured creditors in the Debtors' cases as there was
insufficient response to the U.S. Trustee communication/contact
for service on the committee.

The Debtors filed for bankruptcy to facilitate a sale of the
business to HS Solutions Corporation, an entity formed by LJC
Investments I, LLC and a group of investors including Littlejohn
Opportunities Master Fund, L.P., Caymus Equity Partners and
Management, and SG Distressed Debt Fund LP.  The investor group
acquired $22.9 million of the secured bank debt on Oct. 11, 2013.
That debt is in default.

The asset purchase agreement with HS Solutions was approved by the
Court on Dec. 13, 2013.  The sale closed on Jan. 24, 2014.


HOWREY LLP: Trade Creditors Agree to Dismiss Appeal
---------------------------------------------------
The appellate case, ADVANCED DISCOVERY, LLC, et al., Appellants,
v. ALLAN DIAMOND et al., Appellees, Case No. 14-03062 JD (N.D.
Calif.), is dismissed with prejudice, according to a Stipulation
approved by District Judge James Donato.  Any court costs or fees
that may be due will be paid by appellants.

A copy of the August 12, 2014 Stipulation is available at
http://is.gd/cp5WyHfrom Leagle.com.

As reported by the Troubled Company Reporter on July 18, 2014,
Advanced Discovery Inc., Howrey Claims, LLC, Kent Daniels &
Associates, LLC, and L.A. Best Photocopies, Inc. moved for a stay
pending appeal to the U.S. District Court for the Northern
District of California of the bankruptcy court's order approving a
settlement between the trustee, a committee of unsecured
creditors, and certain former partners of the now defunct law
firm, Howrey LLP.  Advanced Discovery et al. asked the District
Court to decide the motion on an accelerated basis, which the
Court has accommodated.

On July 11, 2014, the District Court held a telephonic hearing on
shortened time.  In a ruling three days later, District Judge
James Donato denied the stay, ruling that Advanced Discovery et
al. have not demonstrated that a stay is warranted because they
failed to show a likelihood of success on the merits, the alleged
irreparable harm is speculative at best, and the non-moving
parties will be significantly injured if the stay is granted.

Advanced Discovery et al. are small trade creditors of Howrey LLP.
According to their counsel, Advanced Discovery et al.'s unsecured
creditor claims amount to less than $175,000.  The Howrey
bankruptcy as a whole has approximately $100 million in unsecured
creditor claims.  Even giving Advanced Discovery et al. the full
benefit of $175,000 in claims, their portion of the bankruptcy is
less than 2%.

Howrey Claims LLC is a company formed during the Howrey LLP
bankruptcy proceedings that purchased claims from other creditors
-- thus becoming a creditor itself -- and pursued those claims in
the bankruptcy.  In November 2012, Howrey Claims purported to
bring a class action lawsuit in the bankruptcy court to recover
damages directly from the former Howrey LLP partners on an alter
ego theory.  The bankruptcy court did not permit Howrey Claims to
go forward with that lawsuit, which is the subject of a separate
appeal in District Court.  The bankruptcy court held that the
alter ego claim under "either a fraudulent-transfer or a wrongful-
distribution-of-capital theory . . . plainly belongs to the
trustee."

On March 5, 2014, the chapter 11 bankruptcy trustee, Allan B.
Diamond, the Official Committee of Unsecured Creditors, and
certain former Howrey LLP partners represented by the law firm of
Klee Tuchin Bogdanoff & Stern LLP filed a Joint Motion to Approve
a Settlement with the Former Howrey Partners Represented by Klee
Tuchin.  The settlement agreement provides that in exchange for
$4,214,254, the former Howrey partners represented by Klee Tuchin
will be fully released from, among other things, the trustee's
breach of contract and fraudulent transfer claims.

Advanced Discovery et al. objected to the Settlement on several
grounds, including that it would release alter ego claims that do
not belong exclusively to the trustee.

On June 24, 2014, the bankruptcy court held a hearing on the
Settlement.  Advanced Discovery et al.'s objections were overruled
and the Settlement was approved.

During the hearing, Advanced Discovery et al. made an oral motion
to stay any adverse order pending appeal.  The bankruptcy court
denied Advanced Discovery et al.'s request.

A copy of the District Court's July 14, 2014 Order is available at
http://is.gd/IYn6x5from Leagle.com.

Advanced Discovery, Inc., et al. are represented by:

     Frank R. Ubhaus, Esq.
     BERLINER COHEN
     10 Almaden Blvd
     San Jose, CA
     Tel: (408) 286-5800
     E-mail: frank.ubhaus@berliner.com

          - and -

     Myron Moskovitz, Esq.
     LAW OFFICES OF MYRON MOSKOVITZ
     601 Van Ness Avenue, Suite 1042
     San Francisco, CA 94102
     Tel: 510-384-0354

          - and -

     William McGrane, Esq.
     McGRANE LLP
     Four Embarcadero Center, Suite 1400
     San Francisco, CA 94111
     Telephone: 415-292-4807
     E-mail: william.mcgrane@mcgranellp.com

The Official Committee of Unsecured Creditors of Howrey LLP,
Interested Party, is represented by:

     Bradford Frost Englander, Esq.
     WHITEFORD, TAYLOR AND PRESTON, LLP
     3190 Fairview Park Drive, Suite 300
     Falls Church, VA 22042-4510
     Tel: 703-280-9081
     Fax: 703-280-3370
     E-mail: benglander@wtplaw.com

                         About Howrey LLP

Three creditors filed an involuntary Chapter 7 petition (Bankr.
N.D. Cal. Case No. 11-31376) on April 11, 2011, against the
remnants of the Washington-based law firm Howrey LLP.  The filing
was in San Francisco, where the firm had an office.  The firm
previously was known as Howrey & Simon and Howrey Simon Arnold &
White LLP.  The firm at one time had more than 700 lawyers in 17
offices.  The partners voted to dissolve in March 2011.

The firm specialized in antitrust and intellectual-property
matters.  The three creditors filing the involuntary petition
together have $36,600 in claims, according to their petition.

The involuntary chapter 7 petition was converted to a chapter 11
case in June 2011 at the request of the firm.  In its schedules
filed in July, the Debtor disclosed assets of $138.7 million and
liabilities of $107.0 million.

Representing Citibank, the firm's largest creditor, is Kelley
Cornish, Esq., a partner at Paul, Weiss, Rifkind, Wharton &
Garrison.  Representing Howrey is H. Jason Gold, Esq., a partner
at Wiley Rein.

The Official Committee of Unsecured Creditors is represented in
the case by Bradford F. Englander, Esq., at Whiteford, Taylor And
Preston LLP.

In September 2011, Citibank sought conversion of the Debtor's case
to Chapter 7 or, in the alternative, appointment of a Chapter 11
Trustee.  The Court entered an order appointing a Chapter 11
Trustee. In October 2011, Allan B. Diamond was named as Trustee.
He is represented by Andrew Baxter Ryan, Esq., and Stephen Todd
Loden, Esq., at Diamond McCarthy LLP as counsel.


IDEARC INC: 5th Circ. Renews Yellow Pages ERISA Suit
----------------------------------------------------
Law360 reported that citing a recent U.S. Supreme Court ruling,
the Fifth Circuit revived proposed class action claims against
Yellow Pages directories publisher Idearc Inc. brought by
retirement plan participants who say the company had to stop
offering Idearc stock as an investment option while it approached
bankruptcy.  According to the report, the appeals panel had
previously affirmed a district court's dismissal of the suit, but
on Aug. 4 the U.S. Supreme Court vacated that ruling and remanded
the case back to the Fifth Circuit for further considerations.

The case is Bruce Fulmer v. Scott Klein, et al., Case No. 12-10416
(5th Cir.).

                       About Idearc Inc.

Headquartered in D/FW Airport, Texas, Idearc, Inc., now known as
SuperMedia Inc., is the second largest U.S. yellow pages
publisher.  Idearc was spun off from Verizon Communications, Inc.

Idearc and its affiliates filed for Chapter 11 protection (Bankr.
N.D. Tex. Lead Case No. 09-31828) on March 31, 2009.  The Debtors'
financial condition as of Dec. 31, 2008, showed total assets of
$1,815,000,000 and total debts of $9,515,000,000.  Toby L. Gerber,
Esq., at Fulbright & Jaworski, LLP, represented the Debtors in
their restructuring efforts.  The Debtors tapped Moelis & Company
as their investment banker; Kurtzman Carson Consultants LLC as
their claims agent.

William T. Neary, the United States Trustee for Region 6,
appointed six creditors to serve on the official committee of
unsecured creditors.  The Committee selected Mark Milbank, Tweed,
Hadley & McCloy LLP, as counsel, and Haynes and Boone, LLP, co-
counsel.

Idearc completed its debt restructuring and its plan of
reorganization became effective as of Dec. 31, 2009.  In
connection with its emergence from bankruptcy, Idearc changed its
name to SuperMedia Inc.  Under its reorganization, Idearc reduced
its total debt from more than $9 billion to $2.75 billion of
secured bank debt.

Less than two years since leaving bankruptcy protection,
SuperMedia remains in quandary.  Early in October 2011, Moody's
Investors Service slashed its corporate family rating for
SuperMedia to Caa1 from B3 prior.  The downgrade reflects Moody's
belief that revenues will continue to decline at a double digit
rate for the foreseeable future, leading to a steady decline in
free cash flow.  SuperMedia's sales were down 17% for the second
quarter of 2011 in a generally improving advertising sector.
Moody's ratings outlook for SuperMedia remains negative.

While SuperMedia is attempting to transition the business away
from its reliance on print advertising through development of
online and mobile directory service applications, Moody's is
increasingly concerned that the company will not be able to make
this change quickly enough to stabilize the revenue base over the
intermediate term. Further, the high fixed cost nature of
SuperMedia's business could lead to steep margin compression,
notwithstanding continued aggressive cost management.


INTERLEUKIN GENETICS: Warns of Possible Bankruptcy Filing
---------------------------------------------------------
Interleukin Genetics, Inc., warned that it may have to end its
operations and seek protection under bankruptcy laws if it fails
to obtain additional capital by the end of November 2014.

"We expect that our current and anticipated financial resources
will be adequate to maintain our current and planned operations
only through November, 2014.  We need significant additional
capital to fund our continued operations, including for the
continued commercial launch of our PerioPredictTM genetic test,
continued research and development efforts, obtaining and
protecting patents and administrative expenses.  We have retained
a financial advisor and are actively seeking additional funding,
however, based on current economic conditions, additional
financing may not be available, or, if available, it may not be
available on favorable terms."

"We also could be required to seek funds through arrangements with
collaborators or others that may require us to relinquish rights
to some of our technologies, tests or products in development.  If
we cannot obtain additional funding on acceptable terms, we may
have to discontinue operations and seek protection under U.S.
bankruptcy laws."

The Company reported a net loss of $1.57 million on $528,595 of
total revenue for the three months ended June 30, 2014, as
compared with a net loss of $1.77 million on $852,128 of total
revenue for the same period last year.

For the six months ended June 30, 2014, the Company reported a net
loss of $3.24 million on $1.01 million of total revenue as
compared with a net loss of $2.97 million on $1.33 million of
total revenue for the same period last year.

As of June 30, 2014, the Company had $6.21 million in total
assets, $3.93 million in total liabilities, all current, and $2.27
million in total stockholders' equity.

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

                        http://is.gd/Qy6Ujm

                          About Interleukin

Waltham, Mass.-based Interleukin Genetics, Inc., is a personalized
health company that develops unique genetic tests to provide
information to better manage health and specific health risks.

Interleukin Genetics incurred a net loss of $7.05 million on $2.42
million of total revenue for the year ended Dec. 31, 2013, as
compared with a net loss of $5.12 million on $2.23 million of
total revenue in 2012.

Grant Thornton LLP, in  Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 3, 2013.  The independent auditors noted
that the Company has incurred recurring losses from operations and
has an accumulated deficit that raise substantial doubt about the
Company's ability to continue as a going concern.


IRISH BANK: Sheehan Prepared to Close on Purchase of Loan Assets
----------------------------------------------------------------
In the Chapter 15 bankruptcy proceedings of The Irish Bank
Resolution Corporation Limited (In Special Liquidation), Dr.
Joseph Sheehan filed a motion with the Bankruptcy Court in
Delaware seeking entry of an order designating him as the
"Purchaser" under the Order (I) Approving the Sale of Blackrock
Loan Assets Free and Clear of All Liens, Claims, Encumbrances and
Interests, (II) Approving the Form and Manner of Sale Notices, and
(III) Granting Related Relief of certain loan assets.

Various shareholders of Blackrock Hospital borrowed funds to
acquire shares in the hospital. In September 2013, the special
liquidators commenced a robust sale process for the BlackRock
loans for which Dr. Sheehan's bid of EUR24 million was determined
as the highest and best bid for the loans.

The Blackrock Loans are comprised of six loans made to two
individuals, and each loan is secured by shares in the Blackrock
Hospital. The nominal gross loan balance of the Blackrock Loans is
approximately EUR23,364,000.

The Children's Fund International that provided financing to Dr.
Sheehan required him to assign his rights to acquire the BlackRock
loans to JCS Investment Holdings. However, JCS failed to complete
the purchase of the loan.

Thus, Dr. Sheehan, in his motion, avers that he has an alternative
financing and is ready, willing and able to close on the same
terms that the special liquidators previously determined was the
highest and best bid for the BlackRock loans.

Dr. Sheehan is represented by:

     Scott J. Leonhardt, Esq.
     THE ROSNER LAW GROUP LLC
     824 Market Street, Suite 810
     Wilmington, DE 19801
     Telephone: (302) 777-1111
     E-mail: leonhardt@teamrosner.com

          - and -

     Lawrence Daniel O'Neill, Esq.
     O'NEILL & COMPANY
     240 Central Park South
     New York, NY 10019
     Telephone: 917-675-4864
     E-mail: doneill@oneill-company.com

                    About Irish Bank Resolution

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

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

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

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

Kieran Wallace and Eamonn Richardson of KPMG have been named the
special liquidators.


ISR GROUP: Court Approves Hiring of Neligan Foley as Counsel
------------------------------------------------------------
ISR Group, Incorporated, sought and obtained permission from the
U.S. Bankruptcy Court for the Western District of Tennessee to
employ Neligan Foley LLP as counsel.

The Debtor requires Neligan Foley to:

   (a) advise the Debtor, its management and officers of their
       rights, powers, and duties as debtor-in-possession;

   (b) counsel the Debtor's management and officers on issues
       involving operations, potential sales of assets, and
       possible financing options;

   (c) negotiate documents, prepare pleadings, and represent the
       Debtor at hearings related to those matters;

   (d) take all necessary actions to protect and preserve the
       Debtor's estate, including prosecuting litigation on
       Debtor's behalf, investigating claims of the Debtor,
       defending the Debtor, if necessary, in actions, litigation,
       hearings or motions commenced against the Debtor,
       negotiating disputes in which the Debtor is involved, and
       preparing objections to claims filed against the estate;

   (e) prepare on behalf of the Debtor all necessary motions,
       applications, answers, pleadings, orders, reports, and
       papers in administration of the estate or in furtherance of
       the Debtor's business operations, or as required to
       preserve the Debtor's assets, and as otherwise requested by
       the Debtor's management;

   (f) negotiate and draft documents relating to debtor-in-
       possession financing and use of cash collateral and attend
       any hearings on such matters, prepare discovery and respond
       to discovery served on the Debtor, response to creditor
       inquiries and information requests, assist with preparation
       of Schedules, Statement of Financial Affairs, Monthly
       Operating Reports, attendance at section 341 meeting and
       representation at meetings with creditors as well as any
       committee appointed by the United States Trustee;

   (g) counsel the Debtor in connection with the sale of some or
       all of the Debtor's assets, negotiating the terms of any
       such sale, drafting, negotiating, and prosecuting any
       pleadings and other documents necessary to complete any
       such sale;

   (h) draft, negotiate, and prosecute on behalf of the Debtor a
       plan of reorganization, the related disclosure statement,
       and any revisions, amendments, and supplements relating to
       the foregoing documents, and all related materials; and

   (i) perform all other necessary legal services in connection
       with this Case and any other bankruptcy-related
       representation that the Debtor requires;

Neligan Foley will be paid at these hourly rates:

       Partner                        $395-$675
       Paralegals and Associates      $130-$350

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

Prior to the Petition Date, the Debtor paid to Neligan Foley a
retainer of $155,000.  Neligan Foley applied $90,000 of the
Retainer to the fees and expenses incurred prior to the Petition
Date.  As of the Petition Date, Neligan Foley is holding a
retainer of $65,000.

Patrick J. Neligan, Jr., a partner in Neligan Foley, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Neligan Foley can be reached at:

       Patrick J. Neligan, Jr., Esq.
       NELIGAN FOLEY LLP
       325 N. St. Paul, Suite 3600
       Dallas, TX 75201
       Tel: (214) 840-5300
       Fax: (214) 840-5301
       E-mail: pneligan@neliganlaw.com

                           About ISR Group

ISR Group, Incorporated, filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tenn. Case No. 14-11077) on April 29, 2014.  John
Stuecheli signed the petition as chief restructuring officer.
In its schedules, the Debtor disclosed $13,339,836 in total assets
and $19,465,911 in total liabilities.  Franklin Childress, Jr.,
Esq., at Baker Donelson Bearman, serves as the Debtor's counsel.
Judge Jimmy L Croom presides over the case.

ISR Group Inc., a provider of services for military and civilian
users of drones, obtained Court permission to sell the business
to an affiliate of lender Trive Capital, mostly in exchange for
$18.4 million in secured debt.  Under a global settlement among
the company, the creditors' committee and the buyer, Trive is
providing $375,000 in cash exclusively for payment to creditors
with unsecured claims.  The bankruptcy judge approved the
settlement on June 17, together with an agreement among
constituents supporting a Chapter 11 plan.


LAMSON AND GOODNOW: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                      Case No.
     ------                                      --------
     Lamson and Goodnow Manufacturing Company    14-30798
     45 Conway Street
     Shelburne Falls, MA 01370

     Lamson and Goodnow, LLC                     14-30799
     45 Conway Street
     Shelburne Falls, MA 01370

     Lamson and Goodnow Retail, LLC              14-30801
     45 Conway Street
     Shelburne Falls, MA 01370

Chapter 11 Petition Date: August 15, 2014

Court: United States Bankruptcy Court
       District of Massachusetts (Springfield)

Judge: Hon. Henry J. Boroff

Debtors' Counsel: Gary M. Weiner, Esq.
                  WEINER & LANGE, P.C.
                  95 State Street, Suite 918
                  Springfield, MA 01103
                  Tel: (413) 732-6840
                  Email: GWeiner@Weinerlegal.com

                                            Estimated   Estimated
                                             Assets    Liabilities
                                           ----------  -----------
Lamson And Goodnow Manufacturing           $1MM-$10MM   $1MM-$10MM
Lamson And Goodnow, LLC                    $100K-$500K  $1MM-$10MM
Lamson And Goodnow Retail                  $0-$50K      $1MM-$10MM

The petitions were signed by John Ross Anderson, president.

A list of Lamson and Goodnow Manufacturing's 20 largest unsecured
creditors is available for free at:

               http://bankrupt.com/misc/mab14-30798.pdf

A list of Lamson and Goodnow, LLC's 20 largest unsecured creditors
is available for free at:

               http://bankrupt.com/misc/mab14-30799.pdf

A list of Lamson And Goodnow Retail's 20 largest unsecured
creditors is available for free at

               http://bankrupt.com/misc/mab14-30801.pdf


LEHMAN BROTHERS: LBI Trustee to Start $4.6-Bil. Payout
------------------------------------------------------
James W. Giddens, Trustee for the liquidation of Lehman Brothers
Inc. (LBI) under the Securities Investor Protection Act, on
Aug. 15 filed a notice regarding the first interim distribution to
unsecured general creditors with allowed claims, setting the fund
for the distribution at $4.6 billion.  This first interim
distribution to unsecured general creditors follows the ability to
satisfy 100 percent of all customer claims and secured and
priority general creditor claims.  Distributions to unsecured
general creditors will begin on or about September 10, 2014.

"This first interim distribution to unsecured general creditors
totaling billions of dollars is a milestone in administering and
winding down the LBI estate," Mr. Giddens said.  "That such a
distribution is even possible represents an extraordinary
achievement that was far from certain when the liquidation began.
We expect additional distributions to unsecured general creditors,
while maintaining appropriate reserves and protecting claimants'
interests and due process rights."

Taking into account required reserves, LBI general estate assets
available for distribution total $4.7 billion.  Of this amount,
the Trustee has set a fund of $4.6 billion, or approximately 97
percent of the total available, for the first interim
distribution.  The Trustee has allocated approximately $3.5
billion for allowed unsecured general creditor claims and
approximately $1.1 billion for still pending unsecured general
creditor claims.  These allocations represent 17 percent of the
total amount of these claims.

At the outset of the LBI liquidation, the extent of customer
distributions was unknown and the potential for a general estate
was in doubt.  Customer claims have been paid in full, and now
with the planned first interim distribution, more than $110
billion will have been distributed from the LBI estate to
customers and general creditors.  This represents the largest
distribution across the worldwide Lehman insolvency proceedings,
and it would not have been possible without the assistance of the
Securities Investor Protection Corporation and the Securities and
Exchange Commission, and the oversight of United States Bankruptcy
Court judges, the Honorable James M. Peck and the Honorable
Shelley C. Chapman.

                    About Lehman Brothers

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

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

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

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

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

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion (US$33
billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: SIPC Lauds Trustee on Distributions to Creditors
-----------------------------------------------------------------
The first interim distribution to unsecured general creditors of
Lehman Brothers Inc. (LBI) will make available $4.6 billion,
according to James W. Giddens, trustee for the liquidation of LBI.
The Securities Investor Protection Corporation (SIPC) on Aug. 15
commended the hard work of Trustee Giddens and his attorneys in
reaching this major milestone.  Distributions are set to commence
on or about September 10.

A SIPA liquidation addresses claims of general creditors as well
as the 'customers' SIPC and the Trustee are charged with
protecting.

SIPC President Stephen Harbeck said: "When the SIPA liquidation
commenced in September 2008, the possibility of the full
satisfaction of customer claims was something SIPC and the Trustee
hoped for, but was genuinely uncertain at that time.   The fact
that customer claims have been fully satisfied, and that unsecured
general creditors are now receiving a significant distribution, is
an extraordinary achievement.   The remarkable distribution of
billions of dollars to general creditors is attributable to the
diligence and many hundreds of hours of hard work of Trustee
Giddens, his counsel, and his staff.  SIPC applauds this historic
achievement.  We also thank U.S. Bankruptcy Court Judges James
Peck and Shelley C. Chapman for their countless hours of work, in
reaching this important milestone."

The $4.6 billion allocated for this first distribution to
unsecured general creditors represents 17 percent of the total
amount of these claims.  With this planned first interim
distribution, more than $110 billion will have been distributed
from the LBI estate to customers and general creditors.

SIPC and Trustee Giddens had previously announced in June 2013
that 100 percent of LBI securities customers claims would be
fulfilled.  With that return of all LBI customer property, no
advances from the SIPC Fund were necessary to make LBI securities
customers whole.  Secured and priority general creditor claims
have also been fully satisfied.  SIPC and the Trustee also noted
that distributions from the LBI estate stand as the largest return
of property in history to former customers of a broker-dealer
following a bankruptcy and liquidation proceeding.

Full details on the distributions can be found at
http://www.lehmantrustee.com

                           About SIPC

The Securities Investor Protection Corporation --
http://www.sipc.org-- is the U.S. investor's first line of
defense in the event of the failure of a brokerage firm owing
customers cash and securities that are missing from customer
accounts.  SIPC either acts as trustee or works with an
independent court-appointed trustee in a brokerage insolvency case
to recover funds.

The statute that created SIPC provides that customers of a failed
brokerage firm receive all non-negotiable securities -- such as
stocks or bonds -- that are already registered in their names or
in the process of being registered.  At the same time, funds from
the SIPC reserve are available to satisfy the remaining claims for
customer cash and/or securities held in custody with the broker
for up to a maximum of $500,000 per customer.  This figure
includes a maximum of $250,000 on claims for cash.  From the time
Congress created it in 1970 through December 2013, SIPC has
advanced $ 2.1 billion in order to make possible the recovery of
$133 billion in assets for an estimated 772,000 investors.

                      About Lehman Brothers

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

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

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

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

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

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion (US$33
billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LIGHTSQUARED INC: Milbank Reaps $14MM in Bankruptcy Fees
--------------------------------------------------------
Law360 reported that a New York bankruptcy judge signed off on
nearly $19 million in fees for professionals working on the
LightSquared Inc. bankruptcy, with debtors' counsel Milbank Tweed
Hadley & McCloy LLP leading the way with $13.6 million.  According
to the report, U.S. Bankruptcy Judge Shelley C. Chapman issued an
order granting applications for allowance of interim compensation
for services provided and expenses incurred by nine law firms and
other professionals working on the LightSquared Chapter 11
proceedings during the period spanning Jan. 1 through April 30.

                     About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with
liquidity and runway necessary to resolve its issues with the FCC.
Despite working diligently and in good faith, however,
LightSquared and the lenders were not able to consummate a global
restructuring on terms acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the
financial advisor.  Kurtzman Carson Consultants LLC serves as
claims and notice agent.


LOS GATOS HOTEL: Parties Ask Court to Extend Cash Collateral Use
----------------------------------------------------------------
Los Gatos Hotel Corporation and Los Gatos Lodging Limited
Partnership, as secured creditor, ask the Bankruptcy Court to
approve their sixth stipulation extending the terms of its cash
collateral provisions.

Los Gatos Lodging has agreed to extend the period that Los Gatos
Hotel is authorized to use its cash collateral from May 15, 2014
through and including the earlier of:

   (a) the date of confirmation of any plan of reorganization
       containing terms acceptable to secured creditor;

   (b) the date of the consummation of a sale of substantially all
       of Los Gatos Hotel's assets containing terms acceptable to
       the secured creditor; or

   (c) December 31, 2014, or until such authorization is
       terminated.

On March 29, 2010, the Court authorized Los Gatos to use the
secured creditor's cash collateral. Extension of the use of cash
collateral has been conducted five times before, pursuant to
Court-approved stipulations.

Los Gatos Hotel is represented by:

     Jeffry A. Davis, Esq.
     Abigail V. O'Brient, Esq.
     MINTZ LEVIN COHN FERRIS GLOVSKY AND POPEO P.C.
     3580 Carmel Mountain Road, Suite 300
     San Diego, CA 92130
     Tel: 858-314-1500
     Fax: 858-314-1501

Los Gatos Lodging is represented by:

     Alan M. Feld, Esq.
     Michael M. Lauter, Esq.
     Adam J. McNeile, Esq.
     SHEPPARD, MULLIN, RICHTER & HAMPTON LLP
     333 S. Hope Street, 43rd Floor
     Los Angeles, CA 90071-1422

                       About Los Gatos Hotel

San Jose, California-based Los Gatos Hotel Corporation, dba Hotel
Los Gatos, was formed in 2000 to build and operate Hotel Los
Gatos, a full-service boutique hotel in downtown Los Gatos,
California.

Los Gatos Hotel filed for Chapter 11 bankruptcy protection on
December 27, 2010 (Bankr. N.D. Cal. Case No. 10-63135).  The
Debtor disclosed $17,191,277 in assets and $12,896,468 in
liabilities as of the Chapter 11 filing.  Affiliate Blossom Valley
Investors, Inc., filed a separate Chapter 11 petition on September
10, 2009 (Bankr. N.D. Cal. Case No. 09-57669).

Jeffry A. Davis, Esq., at Mintz Levin Cohn Ferris Glovsky Popeo,
serves as the Debtor's bankruptcy counsel.  The Debtor has tapped
OSAS Inc. as financial advisor and investment banker.


LOVE CULTURE: Judge Approves Sale; Some Stores to Remain Open
-------------------------------------------------------------
Tom Corrigan, writing for Daily Bankruptcy Review, reported that a
bankruptcy judge authorized Love Culture Inc. to sell its
remaining assets to investors who plan to keep open between 40 and
45 of the clothing retailer's stores.

Love Culture Inc. filed a Chapter 11 bankruptcy petition (Bankr.
D. N.J. Case No. 14-24508) on July 16, 2014.  J.E. Rick Bunka
signed the petition as chief restructuring officer.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
at least $10 million.  Judge Novalyn L. Winfield presides over
the case.

Lowenstein Sander LLP acts as the Debtor's counsel.
PricewaterhouseCoopers LLP serves as the Debtor's financial
advisor.  Epiq Systems is the Debtor's claims and noticing agent.
Consensus Advisory Service LLC and Consensus Securities LLC is the
Debtor's investment banker.


LUNA DAY: Land & Buildings to Be Sold at Aug. 25 Auction
--------------------------------------------------------
Beth D. Graf and Kenneth M. Graf, as holders of a mortgage given
by Luna Day LLC, will sell at public auction the land and
buildings as described in the Mortgage on August 25, 2014 at 9:30
a.m. at the Premises.  The premises are known as 46 Prospect
Street, Franklin, County of Merrimack, State of New Hampshire.

Luna Day is based at 33 Memorial Street, Franklin, NH 03235.

A deposit of $5,000 in the form of a certified check or bank
treasurer's check or other check satisfactory to Mortgagee's
attorney will be required to be delivered at or before the time a
bid is offered.  The successful bidder(s) will be required to
execute a purchase and sale agreement immediately after the close
of the bidding. The balance of the purchase price shall be paid
within 30 days from the sale date in the form of a certified
check, bank treasurer's check or other check satisfactory to
Mortgagee's attorney.

The Mortgagee reserves the right to bid at the sale, to reject any
and all bids, to continue the same and to amend the terms of the
sale by written or oral announcement made before or during the
foreclosure sale.

The property will be sold "AS IS AND WHERE IS' and subject to
unpaid taxes, prior liens or other enforceable encumbrances of
record, if any, entitled to precedence over the Mortgage.

The Grafs are represented by:

     Glenn C. Raiche, Esq.
     LAW OFFICE OF GLENN C. RAICHE
     24 Eastman Avenue, Suite C3
     Bedford, NH 03110
     Tel: (603) 626-7744


M*MODAL: Unveils New Board of Directors Following Chapter 11 Exit
-----------------------------------------------------------------
M*Modal on Aug. 14 announced its new Board of Directors, appointed
upon the completion of the company's financial restructuring and
emergence from Chapter 11 on July 31.  The company also announced
the formation of an Interim Executive Committee to oversee the
day-to-day operations of M*Modal and direct the go-forward
strategy. This change reflects the decision by CEO Duncan James to
leave the company, effective August 22.

The new Board members include:

   * Michael O'Boyle, former President and CEO of Parallon
Business Solutions and former Chief Operating Officer of Cleveland
Clinic

   * William Allen, Chairman of the Board of Managers for Werner
International

   * Eugene Davis, Chairman and CEO of PIRINATE Consulting Group
and member of multiple Boards

   * Jeffrey Goldberg, Chair of the Board of Physiotherapy
Associates and co-Chair of the Board of Angiotech/Surgical
Specialties Corporation

The Interim Executive Committee includes Jeffrey Goldberg, Chair
of the Board at M*Modal and Board member Michael O'Boyle.  Members
of M*Modal's senior executive team will report into this office,
which will be in place while the company searches for a permanent
CEO with the assistance of a leading executive search firm.

"I am very proud of M*Modal's accomplishments," said Mr. James.
"The company emerged from the restructuring process with a strong
financial foundation and poised to extend its leadership position
in clinical documentation and Speech Understanding."

"The Board appreciates Duncan's contributions and his leadership
during the company's recent successful financial restructuring
process," said Mr. Goldberg.  "Establishing an Interim Executive
Committee will allow the Board to work directly with M*Modal's
strong management team while we pursue a successor CEO.  Looking
ahead, we will be identifying opportunities to grow while working
with the executive team to ensure M*Modal remains focused on
meeting the needs of our core customers."

Michael O'Boyle has over 25 years of experience providing
leadership to some of the top health care companies in the U.S.
He is the former President and CEO of Parallon Business Solutions,
an HCA Holdings company, which delivers consulting and business
process outsourcing services to hospitals and other care
facilities.  Prior positions include serving as President of
United Health Networks, the network services company of
UnitedHealthcare, as well as leading the world-renowned Cleveland
Clinic as its Chief Operating Officer and Chief Financial Officer.
Mr. O'Boyle is currently a member for The Greenspring Fund Board,
Pinstripe Holdings Advisory Board, Valence Health Advisory Board,
and holds several Board and Council positions at St. Catherine
University.

William Allen has extensive leadership and Board-level experience
at a number of multinational companies.  He is currently Chairman
of the Board of Managers for Werner International, having served
as President and CEO of Werner's U.S. operations.  Mr. Allen is
also a Board member of United Subcontractors Inc., and has held
Board positions at Constar, Ames Taping Tools, Oriental Trading
Company and others.

Eugene Davis brings decades of experience in the areas of
strategic planning, mergers and acquisitions, finance, accounting,
capital structures and Board practices.  He is Chairman and CEO of
PIRINATE Consulting Group, which specializes in turnaround
management and strategic planning advisory services.  Since
forming PIRINATE in 1997, Mr. Davis has advised and managed a
number of businesses operating in such diverse sectors as
telecommunications, automotive, medical, energy and financial
services.  He currently serves on the Board of Directors for U.S.
Concrete, Inc., Harbinger Group, Inc., Spectrum Brands, Inc. and
WMI Holdings Corp.

Jeffrey Goldberg has spent much of his career providing executive
leadership and legal counsel to companies in health care services
and medical technology, including IncuMed, Advanced Bionics,
Orthopedic Hospital, and the Doheny Eye Institute.  Current Board
positions include Physiotherapy Associates (Chair) and Angiotech
Pharmaceuticals/Surgical Specialties (co-Chair).

                          About M*Modal

Headquartered in Franklin, Tennessee, M*Modal provides clinical
documentation solutions for the U.S. healthcare industry.  It has
operations in six countries and employs more than 9,900 employees,
most of whom are medical transcriptionists or medical editors.

M*Modal, a medical-services company owned by J.P. Morgan Chase
Co.'s private-equity arm, filed for Chapter 11 bankruptcy
protection, following a decline in sales and mounting debt.

MModal disclosed $627 million in total assets and $876 million in
total liabilities as of Feb. 28, 2014.  MModal Inc., disclosed, in
its schedules, assets of $36,128,041 plus undetermined amount, and
liabilities of $808,089,536 plus undetermined amount.

Legend Parent Inc. and other M*Modal entities, including MModal
Inc., sought bankruptcy protection (Bankr. S.D.N.Y. Lead Case No.
14-10701) on March 20, 2014.

The Debtors have tapped Dechert LLP as attorneys, Alvarez & Marsal
North America, LLC, as restructuring advisor, Lazard Freres & Co
LLC as investment banker, Deloitte Tax LLP as tax advisor, and
Prime Clerk LLC as claims and noticing agent, and administrative
advisor.

The Joint Plan of Reorganization dated April 25, 2014, provides
that First Lien Claims will be allowed in the aggregate amount of
$507,680,532.  On the effective date, holders of First Lien Claim
will also receive their pro rata share of (i) the New Term Loan,
(ii) 93% of Reorganized Holdings Equity Interests, subject to
dilution solely on account of the New Warrants and Management
Stock Option Plan; and (iii) $8,197,801 in Cash.

Holders of Allowed General Unsecured Claims will receive their pro
rata share of (i) 7% of the Reorganized Holdings Equity Interests;
(ii) the New A Warrants and New B Warrants; and (iii) $617,039 in
Cash.

A Steering Committee for Secured Lenders under the Prepetition
Credit Agreement is represented by Richard Levy, Esq., at Latham &
Watkins LLP.  An Ad Hoc Committee of certain unaffiliated holders
of (i) the Term B loan under the Prepetition Credit Agreement and
(ii) Notes issued under the Indenture is represented by Michael
Stamer, Esq., and James Savin, Esq., at Akin Gump Strauss Hauer &
Feld LLP.

The U.S. Trustee for Region 2 has appointed three members to the
Official Committee of Unsecured Creditors.  Kristopher M. Hansen,
Esq., Frank A. Merola, Esq., and Matthew G. Garofalo, Esq., at
Stroock & Stroock & Lavan LLP, in New York, serve as counsel to
the Committee.  Michael Diaz of FTI Consulting leads the team of
financial advisors to the Creditors' Committee.


M.S. REAL ESTATE: Case Summary & 4 Unsecured Creditors
------------------------------------------------------
Debtor: M.S. Real Estate Holdings, Inc.
        831 NW 7th Terr.
        Fort Lauderdale, FL 33311

Case No.: 14-28462

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 15, 2014

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Hon. John K Olson

Debtor's Counsel: Angelo A Gasparri, Esq.
                  THE LAW OFFICES OF ANGELO A. GASPARRI, PA
                  1080 S. Federal Hwy
                  Boynton Beach, FL 33435
                  Tel: 561-826-8986
                  Email: angelo@drlclaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jose Mauricio Sanchez,
director/president.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb14-28462.pdf


MEDICURE INC: Provides Update on Tardoxal and Tend-TD Study
-----------------------------------------------------------
Medicure Inc. announced that the preliminary results of its Phase
IIa Clinical Trial, TardoxalTM for the Treatment of Tardive
Dyskinesia (TEND-TD) showed a non-statistically significant
improvement in the primary efficacy endpoint in patients treated
with Tardoxal.  Medicure views these preliminary results as
supportive of continuing the program and developing a modified
formulation as a prelude to a larger, confirmatory Phase II study.

TEND-TD was planned as a 140 patient Phase II clinical trial to
evaluate the efficacy and safety of Tardoxal for the treatment of
Tardive Dyskinesia (TD), with a pre-planned interim analysis after
approximately 40 patients were enrolled.  The primary efficacy
endpoint for the study was a decrease in involuntary movements as
measured by the Abnormal Involuntary Movement Scale (AIMS), a
standardized test used to detect and monitor TD and other movement
disorders.  The results from all 37 patients (17 randomized to
Tardoxal and 20 to matching placebo) who completed the 12 week
treatment period showed a trend to greater improvement in AIMS
score from baseline to completion of study in the Tardoxal group
versus placebo.  The study was not adequately powered to assess
efficacy and the improvement noted was not statistically
significant.  No significant differences between the study groups
were seen in safety endpoints, however, there was a trend to
increased nausea reported in the treatment group.  This side
effect was anticipated and has been seen in the Company's previous
clinical studies with the product.  As it was not feasible to
complete an adequately powered study prior to expiry of the
product and due to the Company's limited financial resources at
that time, enrollment was stopped after attainment of the target
number for the pre-planned interim analysis.

Further details on the results are not being released at this time
pending additional evaluation in conjunction with the Principal
Investigator, Dr. Gary Remington, Director of the Medication
Assessment Clinic, Schizophrenia Program, Centre for Addiction and
Mental Health and Professor and Schizophrenia Head, Division of
Brain and Therapeutics, Department of Psychiatry, University of
Toronto.  The trial was conducted by Medicure's subsidiary,
Medicure International, Inc.  Further study information is
available at:
http://clinicaltrials.gov/ct2/show/NCT00917293?term=medicure&rank=
5

"We are grateful to the investigators, staff and patients who
participated in this study as we work to develop a safe and
effective treatment for this debilitating condition," stated Dr.
Albert D. Friesen, CEO of Medicure.  "The results from TEND-TD
give us sufficient confidence to maintain this program and to make
plans for the next step in the advancement of Tardoxal. Continued
progress and growth in our Aggrastat commercial business, has
improved our ability to find value in other areas, such as
revisiting and continuing our efforts with Tardoxal."

Medicure plans to maintain a modest investment in the research and
development of Tardoxal over the next several months and is
currently exploring modified formulations to reduce nausea that
may be associated with use of the product.  A larger, confirmatory
Phase II study will be required to evaluate and confirm the safety
and efficacy of Tardoxal in treatment of TD.  Tardoxal is an
experimental drug and has not been approved for commercial use by
regulatory bodies such as the U.S. Food and Drug Administration
(FDA) or Health Canada.

Tardoxal continues to have Fast Track designation from the FDA for
the treatment of moderate to severe TD.  Fast Track designation is
designed to facilitate the development and expedite the review of
new drugs that are intended to treat serious or life-threatening
conditions and that demonstrate the potential to address unmet
medical needs.

                        About Medicure Inc.

Based in Winnipeg, Manitoba, Canada, Medicure Inc. (TSX/NEX:
MPH.H) -- http://www.medicure.com/-- is a biopharmaceutical
company engaged in the research, development and commercialization
of human therapeutics.  The Company has rights to the commercial
product, AGGRASTAT(R) Injection (tirofiban hydrochloride) in the
United States and its territories (Puerto Rico, U.S. Virgin
Islands, and Guam).  AGGRASTAT(R), a glycoprotein GP IIb/IIIa
receptor antagonist, is used for the treatment of acute coronary
syndrome (ACS) including unstable angina, which is characterized
by chest pain when one is at rest, and non-Q-wave myocardial
infarction.

Medicure Inc. incurred a net loss of C$2.57 million on C$2.60
million of net product sales for the year ended May 31, 2013, as
compared with net income of C$23.38 million on C$4.79 million of
net product sales during the prior fiscal year.  The Company's
balance sheet at Nov. 30, 2013, showed C$3.25 million in total
assets, C$8.52 million in total liabilities and a C$5.27 million
total deficiency.

Ernst & Young, LLP, in Winnipeg, Canada, issued a "going concern"
qualification on the consolidated financial statements for the
year ended May 31, 2013.  The independent auditors noted that
Medicure Inc. has experienced losses and has accumulated a deficit
of $125,877,356 since incorporation and a working capital
deficiency of $2,065,539 as at May 31, 2013 that raises
substantial doubt about its ability to continue as a going
concern.


MEGA RV: Files List of 20 Largest Unsecured Creditors
-----------------------------------------------------
Mega RV Corp. has filed the required list of creditors holding 20
largest unsecured claims.  A full-text copy of the document is
available for free at http://is.gd/2v8b8P

                        About Mega RV Corp.

Mega RV Corp. filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Cal. Case No. 14-13770) on June 15, 2014.  Brent McMahon signed
the petition as president.  The Debtor estimated assets and
liabilities of at least $10 million.  Goe & Forsythe, LLP, serves
as the Debtor's counsel.  Judge Mark S Wallace presides over the
case.

The U.S. Trustee for Region 16 on July 3 appointed three creditors
of Mega RV Corp. to serve on the official committee of unsecured
creditors.


MEGA RV: Committee Taps Glusker Fields as Bankruptcy Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Mega RV Corp.
seeks to retain Greenberg Glusker Fields Claman & Machtinger LLP
as its general bankruptcy counsel.

The Firm is expected to provide these services, among other
things:

   (1) Advise the Committee with respect to its rights, duties,
       and powers in this Chapter 11 case;

   (2) Assist the Committee with the administration of the case
       and the exercise of oversight with respect to the Debtor's
       affairs;

   (3) Assist and advise the Committee in its consultations and
       negotiations with the Debtor relative to the administration
       of the Chapter 11 case.

The Firm's standard fees are:

      Professional                  Position          Hourly Rate
      ------------                  --------          -----------
      Brian L. Davidoff             Partner               $640
      Courtney E. Pozmantier        Associate             $425
      James C. Behrens              Associate             $325

Brian L. Davidoff, Esq. -- BDavidoff@GreenbergGlusker.com --
attests that his Firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

                     About Mega RV Corp.

Mega RV Corp. filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Calif. Case No. 14-13770) on June 15, 2014.  Brent McMahon signed
the petition as president.  The Debtor estimated assets and
liabilities of at least $10 million.  Judge Mark S Wallace
presides over the case.

Proposed counsel for the Debtor are Robert P. Goe, Esq. and
Elizabeth A. LaRocque, Esq. at Goe & Forsythe, LLP of Irvine, CA.

The U.S. Trustee for Region 16 on July 3 appointed three creditors
of Mega RV Corp. to serve on the official committee of unsecured
creditors.


MF GLOBAL: Asks Judge Not to Toss Lawsuit Against PwC
-----------------------------------------------------
Joseph Checkler, writing for The Wall Street Journal, reported
that MF Global Holdings Ltd. is urging a judge not to toss its $1
billion lawsuit against PricewaterhouseCoopers LLP for the alleged
bad accounting advice that MF Global says led to its 2011
collapse.  According to the report, in a filing with the U.S.
District Court in Manhattan, lawyers for the administrator in
charge of MF Global fought PwC's argument that MF doesn't have the
standing to sue PWC.  In March, MF Global sued PwC for at least $1
billion, alleging that bad accounting advice helped cause MF
Global's 2011 collapse, the report related.

                        About MF Global

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

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

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

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

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

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

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

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

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

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

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


MID-WILSHIRE PROPERTY: Assets to Be Sold at Sept. 4 Auction
-----------------------------------------------------------
Tomatobank, N.A. as Beneficiary, will sell at public auction to
the highest bidder the real and personal property of Mid-Wilshire
Property, LP, on September 4, 2014 at 9:00 a.m., on the front
steps to the entrance of the Orange Civic Center, 300 E. Chapman,
Orange CA 92866.  The real property is located at 1051 Bryan
Avenue, Tustin, CA 92780.  The property is being sold "as is".

Special Default Services, Inc., is the duly Appointed Trustee.

The total amount of the unpaid balance of the obligations secured
by the property to be sold and reasonable estimated costs,
expenses and advances at the time of the initial publication of
the Notice of Trustee's Sale is estimated to be $4,435,772.

However, prepayment premiums, accrued interest and advances will
increase this figure prior to sale.

The Beneficiary may bid at th sale, which bid may include all or
part of the amount.

Potential Bidders will be bidding on a lien, not on the property
itself.  Placing the highest bid at a Trustee auction does not
automatically entitle a bidder to free and clear ownership of the
property.

The lien being auctioned off may be a junior lien.  The highest
bidder at the auction is or may be responsible for paying off all
liens senior to the lien being auctioned off, before it can
receive clear title to the property.

The Trustee may be reached atL

     Lisa Rohrbacker
     Trustee Sales Officer
     Special Default Services, Inc.
     Duly Appointed Successor Trustee
     Red Hill Avenue
     Irvine, CA 92614
     Tel: (844) 706-4182

Sale information can be obtained on line at
http://www.priorityposting.com


MIG LLC: Files Schedules of Assets and Liabilities
--------------------------------------------------
MIG LLC, fka Metromedia International Group Inc., filed with the
U.S. Bankruptcy Court for the Northern District of California its
schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property            15,939,125
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $252,400,000
  E. Creditors Holding
     Unsecured Priority
     Claims                                                 0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                         1,313,467
                                 -----------      -----------
        TOTAL                    $15,939,125     $253,713,467

                            About MIG LLC

Formerly operating under the name "Metromedia International Group,
Inc.," MIG LLC -- http://www.migllc-group.com/-- owned and
operated and sold dozens of companies in diverse industries,
including entertainment, photo finishing, garden equipment and
sporting goods, until the late 1990s.  In 1997 and 1998, MIG
consummated the sale of substantially all of its U.S.-based
entertainment assets and began focusing on expanding into emerging
communications and media businesses.  By 2005, all of MIG's
operating businesses were located in the Republic of Georgia and
operated through its subsidiaries.

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection on June 30, 2014.  The cases are currently
jointly administered under Bankr. D. Del. Lead Case No. 14-11605.
As of the bankruptcy filing, MIG's sole valuable asset, beyond its
existing cash, is its indirect interest in Magticom Ltd.  The
cases are assigned to Judge Kevin Gross.

Headquartered in Tbilisi, Georgia, Magticom is the leading mobile
telephony operator in Georgia and is also the largest telephone
operator in Georgia.  Magticom serves 2.4 million subscribers with
a network that covers 97% of the populated regions in Georgia.
Magticom is owned by International Telcell Cellular, LLC, which is
46% owned by MIG unit ITC Cellular, 51% owned by Dr. George
Jokhtaberidze, and 3% owned by Gemstone Management Ltd.

Formerly known as MIG, Inc., MIG was a debtor in a previous case
(Bankr. D. Del. Case NO. 09-12118).  It obtained approval of its
reorganization plan in November 2010.

The Debtors have tapped Greenberg Traurig LLP as counsel, Fox
Rothschild Inc. as financial advisor; Cousins Chipman and Brown,
LLP as conflicts counsel; and Prime Clerk LLC as claims and notice
agent and administrative advisor.  The Debtors has obtained
interim Court approval to retain Natalia Alexeeva as chief
restructuring officer.

A three-member panel has been appointed in these cases to serve as
the official committee of unsecured creditors, consisting of
Walter M. Grant, Paul N. Kiel, and Lawrence P. Klamon.


MINI MASTER: Plan Filing Deadline Extended to Oct. 11
-----------------------------------------------------
The Hon. Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico extended the exclusive period of Mini
Master Concrete Services Inc. to file a Chapter 11 plan of
reorganization and disclosure statement until Oct. 11, 2014.

As reported in the Troubled Company Reporter on July 21, 2014,
the Debtor told the Court that it is analyzing these alternatives:

  a) The opening of new locations at Aguadilla and Arecibo, Puerto
     Rico, in order to increase its sales.

  b) The sale or surrender of assets to secured creditors.

  c) A joint venture with another company to re-establish its
     manufacturing plant in Toa Baja, Puerto Rico.

                     About Mini Master Concrete

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

Affiliate Master Aggregates Toa Baja Corporation also filed a
Chapter 11 petition (Bankr. D.P.R. Case No. 13-10305) in Old San
Juan, Puerto Rico on Dec. 11, 2013.  The Debtor disclosed
$11,125,939 in assets and $10,148,437 in liabilities.


MOBILESMITH INC: Incurs $1.6 Million Net Loss in Second Quarter
---------------------------------------------------------------
Mobilesmith, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.66 million on $194,783 of total revenues for the three
months ended June 30, 2014, as compared with a net loss of $23.25
million on $60,753 of total revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $3.26 million on $382,728 of total revenues as compared
with a net loss of $24.68 million on $125,208 of total revenues
for the same period last year.

As of June 30, 2014, the Company had $2.23 million in total
assets, $29.91 million in total liabilities and a $27.67 million
total stockholders' deficit.

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

                        http://is.gd/3vNhh8

                       About MobileSmith Inc.

MobileSmith, Inc. (formerly, Smart Online, Inc.) was incorporated
in the State of Delaware in 1993.  The Company changed its name to
MobileSmith, Inc., effective July 1, 2013.  The Company develops
and markets software products and services tailored to users of
mobile devices.  The Company's flagship product is The
MobileSmithTM Platform.  The MobileSmithTM Platform is an
innovative, patents pending mobile app development platform that
enables organizations to rapidly create, deploy, and manage
custom, native smartphone apps deliverable across iOS and Android
mobile platforms.

In their report on the consolidated financial statements for the
year ended Dec. 31, 2013, Cherry Bekaert LLP expressed substantial
doubt about the Company's ability to continue as a going concern,
citing that the Company has suffered recurring losses from
operations and has a working capital deficiency as of Dec. 31,
2013.

The Company reported a net loss of $27.53 million on $339,039 of
total revenues in 2013, compared with a net loss of $4.4 million
on $147,468 of total revenues in 2012.


MONTREAL MAINE: Disaster Findings Unlikely to Mark Final Chapter
----------------------------------------------------------------
Paul Vieira, writing for The Wall Street Journal, reported that
Canadian investigators will reveal what they believe went wrong in
the early hours of July 6, 2013 when a crude-carrying train
derailed in Lac-Megantic, killing 47 people and wiping out the
center of the small Quebec town.  According to the report, while
investigators' findings will likely answer some questions about
the events leading up to the crash, they are unlikely to assign
blame or mark the final chapter in a tragedy that has pushed
policymakers in the U.S. and Canada to move swiftly to address the
risks of shipping crude by rail.

                      About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as
his chapter 11 bankruptcy counsel, led by Michael A. Fagone, Esq.,
and D. Sam Anderson, Esq.  Development Specialists, Inc., serves
as the Chapter 11 trustee's financial advisor.  Gordian Group,
LLC, serves as the Chapter 11 Trustee's investment banker.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana served as counsel
to MM&A.  It now serves as counsel to the Chapter 11 Trustee.

Justice Martin Castonguay oversees the case in Canada.

The Canadian Transportation Agency suspended the carrier's
operating certificate after the accident, due to insufficient
liability coverage.

The town of Lac-Megantic, Quebec, has sought financial aid to
restore the gutted community and a civil complaint alleges a
failure to take steps to prevent a derailment.

In the Canadian case, Andrew Adessky at Richter Consulting has
been appointed CCAA monitor.  The CCAA Monitor is represented by
Sylvain Vauclair at Woods LLP.  MM&A Canada is represented by
Patrice Benoit, Esq., at Gowling LaFleur Henderson LLP.

The U.S. Trustee appointed a four-member official committee of
derailment victims.  The Official Committee is represented by:
Richard P. Olson, Esq., at Perkins Olson; and Luc A. Despins,
Esq., at Paul Hastings LLP.

There's also an unofficial committee of wrongful death claimants
consisting of representatives of the estates of the 46 victims.
This group is represented by George W. Kurr, Jr., Esq., at Gross,
Minsky & Mogul, P.A.; Daniel C. Cohn, Esq., at Murtha Cullina LLP;
Peter J. Flowers, Esq., at Meyers & Flowers, LLC; Jason C.
Webster, Esq., at The Webster Law Firm; and Mitchell A. Toups,
Esq., at Weller, Green Toups & Terrell LLP.

After the U.S. Trustee formed the Official Committee, the ad hoc
committee filed papers asking the U.S. Court to have the official
committee disbanded.  The ad hoc group said it represents 46
victims of the disaster.

On Jan. 23, 2014, the Debtors won authorization to sell
substantially all of their assets to Railroad Acquisition Holdings
LLC, an affiliate of New York-based Fortress Investment Group, for
$15.7 million.  The Bankruptcy Courts in the U.S. and Canada
approved the sale.  The Fortress unit is represented by Terence M.
Hynes, Esq., and Jeffrey C. Steen, Esq., at Sidley Austin LLP.

On Jan. 29, 2014, an ad hoc group of wrongful-death claimants
submitted a plan, which would give 75% of the $25 million in
available insurance to the families of those who died after an
unattended train derailed in Lac-Megantic, Quebec, in July.  The
other 25% would be earmarked for claimants seeking compensation
for property that was damaged when much of the town burned.
Former U.S. Senator George Mitchell, a Democrat who represented
Maine in the U.S. Senate from 1980 to 1995 and who is now chairman
emeritus of law firm DLA Piper LLP, would administer the plan and
lead the effort to wrap up MM&A's Chapter 11 bankruptcy.

As reported by the Troubled Company Reporter on April 3, 2014,
Judge Kornreich ruled that the unofficial committee of wrongful
death claimants and its counsel have failed to comply with Rule
2019 of the Federal Rules of Bankruptcy Procedure, and as a result
of that failure, the Unofficial Committee and its counsel will not
be heard on any pending matter in the case.

As reported by the TCR on April 11, 2014, Judge Kornreich rejected
the disclosure statement for the Plan filed by the ad hoc group of
wrongful-death claimants, holding that the Plan is flawed and
unconfirmable.


MOSS FAMILY: Gets Interim Approval to Use Bank's Cash Collateral
----------------------------------------------------------------
The Hon. Harry C. Dees, Jr., of the U.S. Bankruptcy Court for the
Northern District of Indiana issued an interim order authorizing
Moss Family Limited Partnership and Beachwalk LP to use cash
collateral of Horizon Bank N.A.  The Debtor will provide adequate
protection to the bank.

                       About Moss Family

Moss Family Limited Partnership and Beachwalk, L.P., filed
Chapter 11 petitions (Bankr. N.D. Ind. Case Nos. 12-32540 and
12-32541) on July 17, 2012.  Judge Harry C. Dees, Jr., presides
over the case.  Daniel Freeland, Esq., at Daniel L. Freeland &
Associates, P.C., represents the Debtors.  Moss Family disclosed
$6,609,576 in assets and $6,299,851 in liabilities as of the
Chapter 11 filing.

The Debtors' Amended Joint Chapter 11 Plan dated Dec. 3, 2013,
provides that unsecured claims will be fully paid and satisfied by
use of the proceeds from the sale of LaPorte Judgment Lien
Property.


MOSS FAMILY: Court Moves DIP Financing Hearing to Sept. 17
----------------------------------------------------------
The Hon. Harry C. Dees, Jr., of the U.S. Bankruptcy Court for the
Northern District of Indiana rescheduled hearing to approve Moss
Family Limited Partnership and Beachwalk LP's request to access
secured financing from Aug. 12, 2014, to Sept. 17, 2014.

                       About Moss Family

Moss Family Limited Partnership and Beachwalk, L.P., filed
Chapter 11 petitions (Bankr. N.D. Ind. Case Nos. 12-32540 and
12-32541) on July 17, 2012.  Judge Harry C. Dees, Jr., presides
over the case.  Daniel Freeland, Esq., at Daniel L. Freeland &
Associates, P.C., represents the Debtors.  Moss Family disclosed
$6,609,576 in assets and $6,299,851 in liabilities as of the
Chapter 11 filing.

The Debtors' Amended Joint Chapter 11 Plan dated Dec. 3, 2013,
provides that unsecured claims will be fully paid and satisfied by
use of the proceeds from the sale of LaPorte Judgment Lien
Property.


MPM SILICONES: Wants Exclusivity Periods Extended for 60 Days
-------------------------------------------------------------
MPM Silicones, LLC, et al., ask the U.S. Bankruptcy Court for the
Southern District of New York to extend exclusive periods to file
a plan of reorganization through and including October 10, 2014,
and to solicit acceptances for that plan through and including
December 9, 2014.

The Debtors cited these reasons for their requested extensions:

   a. The size and complexity of the Debtors' chapter 11 cases
      support a finding of "cause" to extend the Exclusive
      Periods.  These chapter 11 cases are large and complex.  The
      Debtors' cases involve twelve debtor entities that have over
      $4,114 million in consolidated outstanding indebtedness
      (including over $2,950 million of secured debt), and
      thousands of employees, customers, vendors and contract
      counterparties worldwide.

   b. The Debtors have made significant and material progress in
      their Chapter 11 cases and do not seek an extension of the
      Exclusive Periods as a means to exert pressure on the
      relevant parties-in-interest, but rather to ensure that the
      Exclusive Periods extend beyond the confirmation and
      effectiveness of the Plan should the Court determine to
      approve it.  Because the Plan contains numerous conditions
      precedent to Plan confirmation and effectiveness, the
      precautionary extension of the Exclusive Periods that the
      Debtors are seeking will provide the Debtors with ample
      breathing space in the unlikely event that one of these
      conditions is not timely satisfied, including confirmation
      of the Plan.

   c. The Debtors continue to pay in the ordinary course their
      undisputed postpetition obligations.  As such, the requested
      extension of the Exclusive Periods will not prejudice the
      legitimate interests of creditors in these cases, and this
      factor weighs in favor of allowing the Debtors to extend the
      Exclusive Periods.

   d. The Debtors have already filed the Plan and the Plan
      Supplement.  The Debtors and their professionals are
      continuing their good faith negotiations with various
      creditor constituents, including the Debtors' unsecured
      creditors and subordinated noteholders.

   e. The Debtors have no ulterior motive in seeking an extension
      of the Exclusive Periods.  The Debtors believe that they
      have worked diligently over the past four months to
      effectuate their reorganization and consummate the Plan.

   f. The Debtors commenced these cases on April 13, 2014, less
      than four months ago.  This is the first request the Debtors
      have made for an extension of the Exclusive Periods.

   g. Termination of the Debtors' Exclusive Periods could
      adversely impact the Debtors' business operations and the
      progress of these cases. If this Court were to deny the
      Debtors' request for an extension of the Exclusive Periods,
      any party-in-interest then would be free to propose a plan
      of reorganization for each of the Debtors, which would
      likely foster a chaotic environment with no central focus,
      and may cause substantial harm to the Debtors' restructuring
      efforts.

The Honorable Robert D. Drain will hear the Debtors' request on
Aug. 18, 2014 at 10:00 a.m. in White Plains, New York.

                   About Momentive Performance

Momentive Performance is one of the world's largest producers of
silicones and silicone derivatives, and is a global leader in the
development and manufacture of products derived from quartz and
specialty ceramics.  Momentive has a 70-year history, with its
origins as the Advanced Materials business of General Electric
Company.  In 2006, investment funds affiliated with Apollo Global
Management, LLC, acquired the company from GE.

As of Dec. 31, 2013, the Company had 4,500 employees worldwide, of
which 46% of the Company's employees are members of a labor union
or are represented by workers' councils that have collective
bargaining agreements.

Momentive Performance Materials Inc., Momentive Performance
Materials Holdings Inc., and their affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 14-22503) on April 14,
2014, with a deal with noteholders on a balance-sheet
restructuring.

As of Dec. 31, 2013, the Debtors had $4.114 billion of
consolidated outstanding indebtedness, including payments due
within the next 12 months and short-term borrowings.  The Debtors
said that the restructuring will eliminate $3 billion in debt.

The Debtors have tapped Willkie Farr & Gallagher LLP as bankruptcy
counsel with regard to the filing and prosecution of these chapter
11 cases; Sidley Austin LLP as special litigation counsel; Moelis
& Company LLC as financial advisor and investment banker;
AlixPartners, LLP as restructuring advisor; PricewaterhouseCoopers
as auditor; and Crowe Horwath LLP as benefit plan auditor.
Kurtzman Carson Consultants LLC is the notice and claims agent.

The U.S. Trustee for Region 2 appointed seven members to serve on
the Official Committee of Unsecured Creditors of the Debtors'
cases.   Klee, Tuchin, Bogdanoff & Stern LLP serves as its
counsel.  FTI Consulting, Inc., serves as its financial advisor.
Rust Consulting Omni Bankruptcy serves as its information agent.


MPM SILICONES: Lease Decision Period Extended Thru Nov. 10
----------------------------------------------------------
MPM Silicones, LLC, et al., obtained a Bankruptcy Court order for
an extension of the period by which they may assume or reject
their unexpired non-residential real property leases through and
including November 10, 2014.

                  About Momentive Performance

Momentive Performance is one of the world's largest producers of
silicones and silicone derivatives, and is a global leader in the
development and manufacture of products derived from quartz and
specialty ceramics.  Momentive has a 70-year history, with its
origins as the Advanced Materials business of General Electric
Company.  In 2006, investment funds affiliated with Apollo Global
Management, LLC, acquired the company from GE.

As of Dec. 31, 2013, the Company had 4,500 employees worldwide, of
which 46% of the Company's employees are members of a labor union
or are represented by workers' councils that have collective
bargaining agreements.

Momentive Performance Materials Inc., Momentive Performance
Materials Holdings Inc., and their affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 14-22503) on April 14,
2014, with a deal with noteholders on a balance-sheet
restructuring.

As of Dec. 31, 2013, the Debtors had $4.114 billion of
consolidated outstanding indebtedness, including payments due
within the next 12 months and short-term borrowings.  The Debtors
said that the restructuring will eliminate $3 billion in debt.

The Debtors have tapped Willkie Farr & Gallagher LLP as bankruptcy
counsel with regard to the filing and prosecution of these chapter
11 cases; Sidley Austin LLP as special litigation counsel; Moelis
& Company LLC as financial advisor and investment banker;
AlixPartners, LLP as restructuring advisor; PricewaterhouseCoopers
as auditor; and Crowe Horwath LLP as benefit plan auditor.
Kurtzman Carson Consultants LLC is the notice and claims agent.

The U.S. Trustee for Region 2 appointed seven members to serve on
the Official Committee of Unsecured Creditors of the Debtors'
cases.   Klee, Tuchin, Bogdanoff & Stern LLP serves as its
counsel.  FTI Consulting, Inc., serves as its financial advisor.
Rust Consulting Omni Bankruptcy serves as its information agent.


NII HOLDINGS: Skips $118.8-Mil. Senior Note Interest Payment
------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that NII Holdings Inc., the owner of Latin American
telecommunications systems, didn't make a $118.8 million payment
due Aug. 15 on senior notes.  According to Bloomberg, NII said in
a regulatory filing that it's in "preliminary discussions" with
holders of the notes about a restructuring entailing the exchange
of the notes for equity or new debt and the agreement would
require implementation through a Chapter 11 filing.

In other news, Stephanie Gleason, writing for Daily Bankruptcy
Review, reported that NII Holdings has an agreement to sell its
Chilean subsidiary, but negotiations continue with bondholders as
the Latin American wireless provider attempts to restructure its
debt load.  According to DBR, Grupo Veintitres, an Argentine media
company; Optimum Advisors, a U.S. private-equity firm; and ISM
Capital, a London-based investment firm that focuses on emerging
markets, have formed a joint venture to acquire the stock of
Nextel Chile S.A., NII said in documents filed with the U.S.
Securities and Exchange Commission.

The $800 million in 10 percent senior unsecured notes due 2016
last traded on Aug. 15 for 19.125 cents on the dollar, to yield
135.973 percent, Bloomberg related, citing Trace, the bond-price
reporting system of the Financial Industry Regulatory Authority.
The stock closed on Aug. 15 at 13.77 cents, down 8.6 percent in
New York trading, a record closing low, Bloomberg said.

                    About NII Holdings

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

                             *   *    *

As reported by the TCR on March 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on Reston, Va.-based
wireless carrier NII Holdings Inc. (NII) to 'CCC' from 'CCC+'.
"The downgrade follows the company's poor fourth-quarter 2013
results that were below our expectations, and its disclosure that
its auditors have uncertainty about the company's ability to
continue as a going concern," said Standard & Poor's credit
analyst Allyn Arden.

The TCR also reported on March 5, 2014, that Moody's Investors
Service downgraded the corporate family rating (CFR) of NII
Holdings Inc. ("NII" or "the company") to Caa1 from B3.  The
downgrade reflects the company's poor 2013 operating performance
and the risk that the company will violate the covenants governing
its Mexican and Brazilian subsidiary debt, which could trigger an
event of default for up to $4.4 billion of debt issued by
intermediate holding companies NII Capital Corp. and NII
International Telecom S.C.A.

The TCR, on Aug. 14, 2014, reported that Moody's Investors Service
has downgraded the corporate family rating (CFR) of NII Holdings
Inc. ("NII" or "the company") to Caa2 from Caa1. The downgrade
reflects Moody's expectation that bankruptcy filing is more likely
as a result of the company's inability to find a strategic
solution to extend its liquidity.  The company is currently not in
compliance with certain financial covenants in its existing debt
obligations which could trigger an event of default for up to $4.4
billion of debt issued by intermediate holding companies NII
Capital Corp. ("NII Capital") and NII International Telecom S.C.A
("NIII Telecom"). At the same time, Moody's has lowered the
probability of default rating (PDR) to Caa2-PD from Caa1-PD while
affirming the SGL-4 speculative grade liquidity. As part of the
rating action, Moody's has also downgraded the unsecured notes at
NII Capital to Caa3 from Caa2 and the unsecured notes at NII
Telecom to Caa1 from B3. Outlook remains negative.

The Aug. 15, 2014 version of the TCR reported that Standard &
Poor's Ratings Services lowered the corporate credit rating on
Reston, Va.-based wireless carrier NII Holdings Inc. to 'CC' from
'CCC'.  The outlook is negative.


NORTEL NETWORKS: Judge to Press Creditors to End $7 Billion Fight
-----------------------------------------------------------------
Steven Church, writing for Bloomberg News, reported that U.S.
Bankruptcy Judge Kevin Gross in Wilmington, Delaware, said he may
pressure creditors fighting over $7 billion to reach a deal in a
closed-door meeting.  According to the report, Judge Gross told
U.S. bondholders and a monitor for Nortel's Canadian parent in a
court hearing on Aug. 9 that he wants to meet with them for
several hours and proposed an October date.  A few minutes after
the hearing ended, the company's 10.125 bonds that were due last
year fell almost 1 percent to 116 cents on the dollar, the report
said, citing Trace, the bond price reporting system of the
Financial Industry Regulatory Authority.

                        About Nortel Networks

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

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

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

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

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

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., at Cleary Gottlieb
Steen & Hamilton, LLP, in New York, serves as the U.S. Debtors'
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.

The United States Trustee appointed an Official Committee of
Unsecured Creditors in respect of the U.S. Debtors.  An ad hoc
group of bondholders also was organized.

Fred S. Hodara, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
New York, and Christopher M. Samis, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware, represent the Official
Committee of Unsecured Creditors.

An Official Committee of Retired Employees and the Official
Committee of Long-Term Disability Participants tapped Alvarez &
Marsal Healthcare Industry Group as financial advisor.  The
Retiree Committee is represented by McCarter & English LLP as
Delaware counsel, and Togut Segal & Segal serves as the Retiree
Committee.  The Committee retained Alvarez & Marsal Healthcare
Industry Group as financial advisor, and Kurtzman Carson
Consultants LLC as its communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

Judge Gross and the court in Canada scheduled trials in 2014 on
how to divide proceeds among creditors in the U.S., Canada, and
Europe.


NORTEL NETWORKS: Canadian Arm Granted Time To Fight Interest Deal
-----------------------------------------------------------------
Law360 reported that a Delaware bankruptcy judge granted Nortel
Networks Corp.'s Canadian units additional time to develop their
objection to a settlement between bondholders and the defunct
telecom's U.S. arm that would cap post-petition interest payments
at just more than $1 billion.  According to the report, at a
telephonic hearing in Wilmington, U.S. Bankruptcy Judge Kevin
Gross agreed to Canadian debtors' request to push back the Aug. 11
objection deadline for the proposed deal, but reined in the scope
of discovery they sought.

                        About Nortel Networks

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

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

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

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

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

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., at Cleary Gottlieb
Steen & Hamilton, LLP, in New York, serves as the U.S. Debtors'
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.

The United States Trustee appointed an Official Committee of
Unsecured Creditors in respect of the U.S. Debtors.  An ad hoc
group of bondholders also was organized.

Fred S. Hodara, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
New York, and Christopher M. Samis, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware, represent the Official
Committee of Unsecured Creditors.

An Official Committee of Retired Employees and the Official
Committee of Long-Term Disability Participants tapped Alvarez &
Marsal Healthcare Industry Group as financial advisor.  The
Retiree Committee is represented by McCarter & English LLP as
Delaware counsel, and Togut Segal & Segal serves as the Retiree
Committee.  The Committee retained Alvarez & Marsal Healthcare
Industry Group as financial advisor, and Kurtzman Carson
Consultants LLC as its communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

Judge Gross and the court in Canada scheduled trials in 2014 on
how to divide proceeds among creditors in the U.S., Canada, and
Europe.


OHCMC-OSWEGO LLC: Has New Stalking Horse Bidder
-----------------------------------------------
Sherri Toub, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reports that Turnstone Group LLC's
REO Funding Solutions V LLC was approved as the replacement
stalking horse bidder for more than 487 acres of undeveloped land
in Oswego, Illinois, owned by an affiliate of Oliver-Hoffmann
Corp.  According to the report, REO Funding will buy the property
for about $11.1 million unless a better bid emerges at an auction
scheduled for Sept. 16.

                        About OHCMC-Oswego

OHCMC-Oswego, LLC, is an Illinois limited liability company that
was formed on July 12, 2005 to, inter alia, acquire, develop and
sell a series of real estate developments.  It is wholly owned by
Oliver-Hoffman Corporation.  Its principal place of business is
located at 3108 S. Rt. 59, Ste. 124-373, Naperville, Illinois.

OHCMC-Oswego filed a Chapter 11 bankruptcy petition (Bankr. N.D.
Ill. Case No. 14-05349) in Chicago on Feb. 19, 2014, with plans to
sell its assets.  Camille O. Hoffmann signed the petition as
president of managing and sole member.  The Debtor disclosed
$92,268 plus an unknown amount in assets and $56,782,127 in
liabilities.  The Hon. Carol A. Doyle presides over the case.  The
Debtor is represented by David C. Gustman,, Esq., at Freeborn &
Peters LLP.

No trustee, examiner or creditors' committee has been appointed in
the case.

                           *     *     *

OHCMC-Oswego, LLC, filed a Modified Plan of Liquidation and
Disclosure Statement on June 30, 2014.  According to the latest
plan documents, the Debtor's assets will be sold pursuant to the
Court-approved sale procedures.  The Debtor anticipates a sale
process that will allow its real estate broker adequate time to
market the properties to ensure the Debtor receives the highest
and best offer for the properties.  The proceeds of the sale of
the properties will be used to satisfy the secured claims of BMO
and PNC.  The Debtor will distribute a set sum of money that is
currently held in an escrow account with the Village of Oswego and
totaling $29,408 to unsecured creditors in accordance with the
Bankruptcy Code's priority scheme.

The Debtor currently has an offer from L.B. Anderson Construction,
Inc., the stalking horse bidder, to purchase the properties for
$11,750,000, absent higher and better offers.

The Debtor will solicit written bids from other potential bidders
with all such bids to be received no later than 4:00 p.m. on Sept.
12, 2014.  If the Debtor receives two or more qualified bids for
the assets, the debtor will conduct an auction. the Debtor will
determine the winning bid in its reasonable discretion.  It will
also select the back-up bid, to be utilized, in the event that the
best bid is unable to timely close.

The Bankruptcy Court has scheduled a joint hearing with respect to
the sufficiency of the Disclosure Statement and confirmation of
the Plan for Aug. 6, 2014.

A copy of the Disclosure Statement is available at:

   http://bankrupt.com/misc/OHCMC-OSWEGO_80_dsmodifiedplan.pdf


ORECK CORP: OAC and Royal Want Protection From Class Actions
------------------------------------------------------------
OAC Acquisition Company, LLC and Royal Appliance Mfg. Co. want to
prevent third parties from bringing them and their dissolved
former affiliate, TTI Floor Care North America, Inc., into a
lawsuit based on liabilities that the Bankruptcy Court's sale
order makes clear they did not assume.

Robert J. Welhoelter, Esq., in Nashville, Tennessee, explains that
OAC Acquisition and Royal purchased substantially all of the
assets of Oreck Corporation and some of its subsidiaries on or
July 24, 2013.  OAC Acquisition and Royal purchased the assets
"free and clear" of liens, claims, encumbrances, and interests,
including rights or claims based on successor or transferee
liability. TTI no longer existed at that time, so it neither
bought nor assumed anything.

Before the bankruptcy filing and at the time of the sale to OAC
Acquisition and Royal, Oreck were defendants in a consolidated
class action entitled In re: Oreck Corporation Halo Vacuum and Air
Purifiers Marketing and Sales Practices Litigation, filed in the
United States District Court for the Central District of
California. The class action lawsuit alleges false representations
about the ability of some products to eliminate germs, viruses,
bacteria, mold, and allergens.

Mr. Welhoelter notes that while the class action plaintiffs
attempt to recast their claims against OAC Acquisition, Royal, and
TTI as "warranty" claims, the plaintiffs are not claiming any
defect in the manufacturing, design, or performance of Oreck's
products. Rather, they allege that Oreck falsely labeled and
advertised their products.

OAC Acquisition and Royal declined to assume any liability for the
claims alleged in the class action lawsuit. Instead, OAC
Acquisition and Royal limited their assumption of liabilities to
those liabilities expressly set forth in the asset purchase
agreement.

Mr. Welhoelter points out that the assumed liabilities included
the warranted obligation to repair or replace defective materials
and workmanship, but, those assumed "warranty" obligations
excluded all liabilities arising from statements in Oreck's
advertising, marketing material, product catalogs, point of sale
material and the like -- precisely the claims that the plaintiffs
assert in the class action lawsuit.

On August 5, 2014, the plaintiffs filed an amended complaint
wherein they attempt to add OAC Acquisition, Royal, and TTI as
additional defendants despite the fact that the sale to OAC
Acquisition and Royal was "free and clear" of those liabilities,
and TTI was not a party to the sale transaction.

Mr. Welhoelter points out that while the plaintiffs
recharacterized their false advertising/labeling claims as
warranty claims in an effort to circumvent the sale order, there
is no doubt that those recharacterized warranty claims are based
solely on the statements in Oreck's advertising, marketing
material, product catalogs, and similar materials that the sale
order expressly states OAC Acquisition and Royal did not assume.

Accordingly, OAC Acquisition and Royal ask the Court to confirm
that:

   (a) the sale of Oreck's assets to OAC Acquisition and Royal was
       "free and clear" of the claims alleged in the class action
       lawsuit;

   (b) none of OAC Acquisition, Royal, nor TTI assumed through the
       bankruptcy proceedings any liabilities that derive from the
       false advertising and false labeling allegations
       characterized as "warranties" and asserted against them in
       the amended complaint; and

   (c) OAC Acquisition and Royal assumed only the limited warranty
       obligations relating to defects in material and workmanship
       as set forth in Oreck's written warranties, and that those
       obligations do not include liability for claims alleged in
       the class action lawsuit.

OAC Acquisition and Royal are represented by:

     Robert J. Welhoelter, Esq.
     4525 Harding Pike, Suite 105
     Nashville, TN 37205
     Tel: 615-620-4343
     Fax: 615-620-4581
     E-mail: rjwelho@gmail.com

          - and -

     Bruce R. Kraus, Esq.
     Benjamin D. Feder, Esq.
     Gilbert R. Saydah Jr., Esq.
     KELLEY DRYE & WARREN LLP
     101 Park Avenue
     New York, NY 10178
     Tel: 212-808-7800
     Fax: 212-808-7897
     E-mail: KDWBankruptcyDepartment@kelleydrye.com

          - and -

     Reinhart Boerner Van Deuren S.C.
     Scott W. Hansen, Esq.
     Laura A. Brenner, Esq.
     L. Katie Mason, Esq.
     1000 North Water Street, Suite 1700
     Milwaukee, WI 53202
     Tel: 414-298-1000
     Fax: 414-298-8097

                     About Oreck Corp.

Oreck Corporation and eight affiliates sought Chapter 11
protection (Bankr. M.D. Tenn. Lead Case No. 13-04006) in
Nashville, Tennessee, on May 6, 2013, with plans to sell the
business as a going concern.

Oreck has been in the business of manufacturing, marketing and
selling vacuum cleaners and related products since the late 1960s.
The corporate offices are located in Nashville, and the
manufacturing and call center is located in Cookeville, Tennessee.

Oreck has 70 employees in Nashville, 250 employees at its plant in
Cookeville and 325 employees operating 96 company-owned and
managed retail stores.  The Debtor disclosed $18,013,249 in assets
and $14,932,841 plus an unknown amount in liabilities as of the
Chapter 11 filing.

William L. Norton III, Esq., and Alexandra E. Dugan, Esq., at
Bradley Arant Boult Cummings LLP, serve as counsel to the Debtor.
BMC Group Inc. is the claims and notice agent.  Sawaya Segalas &
Co., LLC serves as financial advisor.

The U.S. Trustee appointed six creditors to the Official Committee
of Unsecured Creditors.  Daniel H. Puryear, Esq., at Puryear Law
Group, and Sharon L. Levine, Esq., and Kenneth A. Rosen, Esq., at
Lowenstein Sandler LLP represent the Committee.  The Committee
tapped to retain Gavin/Solmonese LLC as its financial advisor.

In July 2013, Royal Appliance Mfg. Co. (RAM), a subsidiary of the
TTI Group, finalized the purchase of Oreck Corp.'s assets.  The
Bankruptcy Court approved the sale on July 16, 2013.

Royal, the maker of Dirt Devil floor-care products, won the
auction for Oreck Corp.  The second-place bidder was the Oreck
family, which sold the business in a $272 million transaction in
2003.  The Oreck family made the first bid at auction at
$21.9 million, including $14.5 million cash.

The terms of Royal's winning bid weren't disclosed publicly,
according to a Bloomberg News report.  Royal was acquired in 2003
by Hong Kong-based Techtronic Industries Co., the maker of Hoover
vacuum cleaners.


ORMET CORP: 11th DIP Amendment Approval Sought
----------------------------------------------
BankruptcyData reported that Ormet Corp. filed with the U.S.
Bankruptcy Court a motion for entry of an order (a) authorizing
the Debtors to enter into the eleventh amendment to the term loan
D.I.P. credit agreement.

According to BData, the motion explains, "The Eleventh Term DIP
Amendment would provide up to $1,500,000 in additional funding
under the Loan Agreement (the 'Supplemental Term DIP financing'),
subject to certain closing conditions. Specifically, the Eleventh
Term DIP Amendment provides for the following: The amendment of
the Loan Agreement to provide for additional Loans in the amount
of $1,500,000, which constitutes the Supplemental Term DIP
Financing. A new Maturity Date of October 31, 2014....The total
amount of funding under the Loan Agreement will increase to
$56,500,000. For the avoidance of doubt, as of the date hereof,
all previously outstanding borrowings under the Loan Agreement
have been repaid in full and, following approval by the Court of
the Eleventh Term DIP Amendment only $1,500,000 will be available
to be drawn by the Debtors in accordance with the Loan Agreement,
as amended....Absent approval of the Supplemental Term DIP
financing, the Lenders are unwilling to provide additional funds
to the Debtors. The Debtors will require access to approximately
$1,500,000 of the additional funds from the Lenders to complete
the wind down of these estates. Without the relief requested
herein, the wind down costs will not be fully funded and the
Debtors would be forced to suspend the wind down entirely and
consider alternate options, to the detriment of all creditors and
these estates."

                       About Ormet Corp.

Aluminum producer Ormet Corporation, along with affiliates, filed
for Chapter 11 protection (Bankr. D. Del. Case No. 13-10334) on
Feb. 25, 2013, with a deal to sell the business to a portfolio
company owned by private investment funds managed by Wayzata
Investment Partners LLC.

Headquartered in Wheeling, West Virginia, Ormet --
http://www.ormet.com/-- is a fully integrated aluminum
manufacturer, providing primary metal, extrusion and thixotropic
billet, foil and flat rolled sheet and other products.

Ormet disclosed assets of $406.8 million and liabilities totaling
$416 million.  Secured debt of about $180 million includes $139.5
million on a secured term loan and $39.3 million on a revolving
credit.

Affiliates that separately filed Chapter 11 petitions are Ormet
Primary Aluminum Corporation; Ormet Aluminum Mill Products
Corporation; Specialty Blanks Holding Corporation; and Ormet
Railroad Corporation.

Ormet emerged from a prior bankruptcy in April 2005.  Lender
Wayzata Investment Partners LLC is among existing owners.  Others
are UBS Willow Fund LLC and Fidelity Leverage Company Stock Fund.

In the 2013 case, Ormet is represented in the case by Morris,
Nichols, Arsht & Tunnell LLP's Erin R. Fay, Esq., Robert J.
Dehney, Esq., Daniel B. Butz, Esq.; and Dinsmore & Shohl LLP's Kim
Martin Lewis, Esq., Patrick D. Burns, Esq.  Kurtzman Carson
Consultants is the claims and notice agent.  Evercore's Lloyd
Sprung and Paul Billyard serve as investment bankers to the
Debtor.

An official committee of unsecured creditors was appointed in the
case in March 2013.  The Committee is represented by Rafael X.
Zahralddin, Esq., Shelley A. Kinsella, Esq., and Jonathan M.
Stemerman, Esq., at Elliott Greenleaf; and Sharon Levine, Esq., S.
Jason Teele, Esq., and Cassandra M. Porter, Esq., at Lowenstein
Sandler LLP.

In October 2013, the U.S. Trustee filed papers saying the
bankruptcy instead should be converted to a liquidation in
Chapter 7.  The U.S. Trustee said there is no budget and no
financing for a wind-down in Chapter 11.

In November 2013, the Bankruptcy Court approved on an interim
basis Ormet's motion for (a) an interim plan to wind down the
Debtors' businesses and protections for certain employees
implementing the wind down, (b) authorizing the Debtors to modify
employee benefit plans consistent with the wind down plan, and (c)
authorizing the Debtors to take any and all actions necessary to
implement the wind down plan.

In December 2013, Ormet completed a previously approved sale of
its alumina smelter in Burnside, Louisiana, to Almatis Inc. for
$39.4 million.  There was no auction.  Completion of a court-
approved sale of the business to lender and part owner Wayzata
Investment Partners LLC became impossible when Ohio utility
regulators refused in October to grant reductions in electricity
prices. Wayzata would have acquired the business largely in
exchange for debt.

Ormet also has sold 32,000 metric tons of alumina for $8.4 million
to Glencore AG, and its rights and interests in and to 17,086 MT
baked carbon anodes, located at the Debtors' Hannibal, Ohio
location, and its rights and interest in and to 34,755 MT baked
carbon anodes, located in a storage in Baltimore, Maryland, to
Alcoa Materials Management, Inc.

In 2014, the Bankruptcy Court issued several interim orders
related to the wind-down plan.  Those orders authorize the Debtors
to make payments through a certain date, as part of implementing
the wind-down plan.


OVERSEAS SHIPHOLDING: S&P Assigns 'B' Corp. Credit Rating
---------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Overseas Shipholding Group Inc. (OSG). The
outlook is stable.

At the same time, S&P assigned its 'BB-' issue-level rating and
'1' recovery rating to credit facilities of the company's
principal subsidiaries: OSG Bulk Ships Inc.'s (OBS'; the domestic
business) $75 million asset-based lending (ABL) facility and $603
million senior secured term loan due 2019, and OSG International
Inc.'s (OIN's) $50 million revolving credit facility and $628.375
million senior secured term loan, both due in 2019.  The '1'
recovery rating indicates S&P's expectation for a very high
recovery (90%-100%) in the event of a payment default.

S&P also assigned its 'B' issue-level rating and '4' recovery
rating to OSG's reinstated notes, which consist of $300 million
8.125% senior unsecured notes due 2018 and $146 million 7.5%
senior unsecured notes due 2021 or 2024.  The '4' recovery rating
indicates S&P's expectation for an average recovery (30%-50%) in
the event of a payment default.

"The rating on OSG reflects the company's high leverage, even
after emerging from bankruptcy, the competitive nature of the
shipping industry, and its substantial, albeit reduced, revenue
exposure to volatile tanker charter spot markets," said Standard &
Poor's credit analyst Michael Durand.

The outlook is stable.  S&P expects Oversea OSG's financial
profile to gradually improve with support from strong contract
coverage in its U.S. business and an improved cost structure in
its international business.

S&P could lower the rating if OSG's earnings decline because of
cyclical pressures or if the company's outsourcing plan is not
executed as planned, resulting in FFO to debt in the low-single-
digit percent area for a sustained period.

S&P could raise the rating if OSG's earnings improvement results
in FFO to debt in the high-teens percent area for a sustained
period.  Barring dramatic improvement in international liquid bulk
shipping rates, S&P is unlikely to upgrade OSG during the next 12
months.



OXBOW CARBON: S&P Lowers Corp. Credit Rating to 'BB-'
-----------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on West Palm Beach, Fla.-based Oxbow Carbon LLC to 'BB-'
from 'BB'.  The outlook is stable.

At the same time, in conjunction with the downgrade of the
corporate credit rating, S&P lowered the ratings on the company's
senior secured $800 million first-lien revolving credit facility,
$300 million term loan A, and $350 million term loan B to 'BB'
from 'BB+'.  The recovery rating on these debt obligations remains
'2', indicating S&P's expectation of substantial recovery (70% to
90%) in the event of a payment default.  S&P also lowered the
ratings on the company's $350 million senior secured second-lien
term loan B to 'B+' from 'BB-'.  The recovery rating on this debt
remains '5', indicating S&P's expectation of modest recovery (10%
to 30%) in the event of a payment default.

"The downgrade reflects our view that the company's debt leverage
will be between 4x to 5x and funds from operations [FFO} to debt
will be slightly under 15% in 2014, consistent with an
'aggressive' financial risk profile as per our criteria versus our
previous 'significant' financial risk assessment," said Standard &
Poor's credit analyst William Ferara.  These levels are somewhat
weaker than previous expectations of debt leverage of below 4x in
2014.  S&P's financial risk assessment also incorporates the
company's history of good cash flow generation, its willingness to
pursue acquisitions, and its policy of distributing free cash flow
to shareholders. Oxbow Carbon is privately held and does not
publish its financial statements.

Global softness in aluminum and steel markets and economic
conditions are pressuring cash flows and thus credit measures.
Based on current economic conditions, commodity prices, and demand
trends, S&P believes business prospects will not materially change
over the next year.  S&P expects U.S. GDP to grow by about 2.3%
this year and 3% next year, growth in the Asia-Pacific region to
remain steady at about 5% over the next one-to-two years, with
Eurozone economies growing by about 1% in 2014.

"Our ratings also incorporate our assessment of Oxbow's business
risk profile as 'fair.'  Our assessment incorporates the company's
exposure to cyclical end markets and relatively low operating
margins, which are partially offset by its diversified business
lines, as well as its leading position in both the calcined
petroleum coke (primarily used to produce aluminum) and fuel-grade
petroleum coke markets.  The company also markets carbon and
sulphur-based products.  Oxbow is geographically diversified, with
operations in the U.S., Europe, and Asia. Demand for Oxbow's
products is largely driven by steel and aluminum production and
therefore is subject to cyclical global demand for those
products," S&P noted.

The stable outlook reflects S&P's expectation that Oxbow will
maintain metrics consistent with an "aggressive" financial risk
profile with debt to EBITDA between 4x and 5x in 2014 and into
2015.  S&P also expects the company to maintain relatively steady
operating and financial performance in its business lines and an
adequate liquidity position.

S&P could lower its rating if market and price conditions weaken
from current levels and S&P expects debt to EBITDA will be
sustained above 5x.  This could occur if cash flows are further
pressured by the global oversupply of key commodities, which would
keep prices low and hinder Oxbow's margins and profitability.

S&P would raise its rating if debt to EBITDA improves and stays
below 4x and FFO to debt climbs to about 20% on a sustained basis.
S&P would also expect any improvement in operating conditions
would result from higher global commodities prices on better
supply and demand conditions.


PARAGON OFFSHORE: S&P Revises Outlook & Affirms 'BB' Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it has taken the
following rating actions following a review of its rated offshore
contract drillers:

   -- S&P has revised the outlook on Diamond Offshore Drilling
      Inc. to negative from stable and affirmed its 'A' rating on
      the company;

   -- S&P has revised the outlook on Paragon Offshore Ltd. to
      negative from stable and affirmed its 'BB' rating on the
      company; and

   -- S&P has affirmed its 'BBB+' rating on Noble Corp. and
      removed the rating from CreditWatch, where S&P placed it
      with negative implications on Sept. 25, 2013.  The outlook
      is negative.

S&P has taken these rating actions because it believes these
companies are vulnerable to weaker credit protection measures over
the next 12 to 24 months.

Recent weakness in the offshore drilling market prompted Standard
& Poor's to review the ratings and outlooks on S&P's rated
offshore drillers.  Following several years of robust spending on
new vessels, drillers are facing the likelihood that capacity will
outpace demand at least through 2016.  According to Riglogix and
Bloomberg, through 2016, there are an estimated 69 floaters
entering the market, with just 33 currently contracted (48%), and
there are 115 jack-ups entering the market, with just 18
contracted (15%).  Driven by the expected supply, customers are
bidding down day rates in the mid-water, deepwater, and
ultradeepwater market, with the most sophisticated ultra-deepwater
drillships, for example, falling to a day rate close to the
$500,000 level, from a peak last year typically in excess of
$600,000 per day.

S&P believes that new capacity will weigh on some issuers more
than others.  Those most vulnerable are likely to have a
relatively higher proportion of the following:

   -- Mid-water rigs: The risk, in our view, is that older
      deepwater vessels unable to compete in the deepwater market
      will increasingly bid for contracts in the mid-water market.
      S&P believes that this will pressure rates and utilization
      for mid-water rigs.

   -- Older and less sophisticated rigs: Additional capacity is
      likely to exacerbate the dichotomy between newer and higher
      specification rigs and older rigs.  This is because newer
      rigs can typically drill more challenging wells (i.e.,
      deeper and in harsher conditions) and do so more efficiently
      and safely.  As a result, S&P believes that older rigs will
      be especially susceptible to weaker day rates and
      utilization in the future.

   -- Issuers with near-term contract expirations or new builds
      without contracts: S&P expects most operators with
      recontracting risk in 2015 or 2016 to face weaker day rates
      than existing contracts.  At the same time, uncontracted
      newbuilds could see rates below S&P's expectations, given
      substantial capacity entering the market.

Following S&P's review of offshore contract drillers, the ratings
and outlooks on the following issuers remain unchanged:

   -- Ensco plc: BBB+/Stable/--;
   -- Rowan Cos. Inc.: BBB-/Stable/--;
   -- Transocean Inc.: BBB-/Negative/--;
   -- Atwood Oceanics Inc.: BB/Positive/--;
   -- Pacific Drilling S.A.: B/Stable/--;
   -- Hercules Offshore Inc.: B/Stable/-; and
   -- Vantage Drilling Co.: B-/Stable/--.


PHILADELPHIA SCHOOL: Moody's Cuts $3.2BB GO Debt Rating to 'Ba3'
----------------------------------------------------------------
Moody's Investors Service has downgraded the Philadelphia School
District, PA to Ba3 from Ba2, affecting $3.2 billion of General
Obligation debt; the outlook is negative. Moody's have also
affirmed the A1 enhanced ratings on all the district's GO bonds.
This action concludes a review for possible downgrade that Moody's
initiated on June 6, 2014.

The district's bonds are secured by its general obligation
unlimited tax pledge.

Summary Rating Rationale

The downgrade to Ba3 from Ba2 reflects the district's ongoing
struggles to continue delivering its core services. As the
district has continued to lose enrollment to charter schools and
cut its programming, its ability to deliver core services has
weakened. The district has very little authority to increase its
revenues, which has pressured the quality of its educational
services as well as its financial position as charter school costs
have increased.

The negative outlook reflects Moody's expectation that the
district will continue to struggle to find new revenues and fund
its core services. The outlook also reflects Moody's expectation
that the district will continue to make its debt service payments
in full and on time, given the various structural enhancements
supporting its debt.

The A1 enhanced rating on all of the district's direct general
obligation debt reflects Moody's current assessment of the
Pennsylvania School District Fiscal Agent Agreement Intercept
Program, which provides for the pre-default intercept of state aid
in the event of a payment failure by the district. Moody's
maintain an enhanced A1 rating on all of the GO-secured debt
issued through the State Public School Building Authority,
reflecting the SPSBA Lease Intercept Program, through which the
state treasurer withholds appropriated state aid and makes
payments directly to the bond trustee. The ratings on both
programs reflect the credit profile of the Commonwealth itself,
whose general obligation bonds are rated Aa3 with a stable
outlook.

Strengths:

-- Some progress in securing new revenues for the 2015 budget
    year

-- Structural enhancements provide additional protection to
    bondholders

Challenges:

-- Potential for continued deterioration of service delivery

-- Lack of revenue-raising authority

Outlook Negative

The negative outlook reflects Moody's expectation that the
district will continue to struggle to deliver its core services.
Charter school enrollment continues to push up costs, and the
district has limited authority to increase revenues to pay for
those costs. The outlook also reflects Moody's expectation that
the district will continue to make its debt service payments in
full and on time

What Could Change The Rating -- UP (removal of negative outlook):

-- Securing new revenues

-- Stemming the effect of charter school competition

What Could Change The Rating -- DOWN

-- Further deterioration in financial operations given
    deteriorating service quality

-- Reductions or expirations of current revenues


PRIUM COMPANIES: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Prium Companies, LLC
        6416 Pacific Hwy E. #300
        Tacoma, WA 98424

Case No.: 14-44512

Chapter 11 Petition Date: August 15, 2014

Court: United States Bankruptcy Court
       Western District of Washington (Tacoma)

Judge: Hon. Paul B. Snyder

Debtor's Counsel: Diana K Carey, Esq.
                  KARR TUTTLE CAMPBELL
                  701 5th Ave Ste 3300
                  Seattle, WA 98104
                  Tel: 206-224-8066
                  Email: dcarey@karrtuttle.com

                    - and -

                  Michael M Feinberg, Esq.
                  KARR TUTTLE CAMPBELL
                  701 5th Ave Ste 3300
                  Seattle, WA 98104
                  Tel: 206-223-1313
                  Email: mfeinberg@karrtuttle.com

Total Assets: $7.04 million

Total Liabilities: $83.69 million

The petition was signed by Eric D. Orse, manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wawb14-44512.pdf


PROSPECT PARK: Opts For Liquidation
-----------------------------------
Law360 reported that Hollywood production company Prospect Park
Networks LLC, which tried to extend the run of soap operas "One
Life to Live" and "All My Children" online, unveiled a plan to
liquidate its assets as it continues to pursue litigation against
the ABC television network.  According to the report, the defunct
production company submitted a plan to a Delaware bankruptcy court
that would see all its assets liquidated under Chapter 11, saying
it is a preferable course of action over a Chapter 7 proceeding.

                   About Prospect Park Networks

Prospect Park Networks, LLC, a Los Angeles, Calif.-based talent
and management company, filed for Chapter 11 bankruptcy (Bankr. D.
Del. Case No. 14-10520) in Wilmington, on March 10, 2014,
estimating $50 million to $100 million in assets, and $10 million
to $50 million in debts.  The petition was signed by Jeffrey
Kwatinetz, president.

William E. Chipman, Jr., Esq., and Mark D. Olivere, Esq., at
Cousins Chipman & Brown LLP, in Wilmington, Delaware; and John H.
Genovese, Esq., Michael Schuster, Esq., and Heather L. Harmon,
Esq., at Genovese Joblove & Battista, P.A. serve as the Debtor's
bankruptcy counsel.  The Debtor also hired Cohn Reznick LLP as an
ordinary course professional.

The U.S. Trustee for Region 3 selected three creditors to serve on
the Official Committee of Unsecured Creditors.  Cole, Schotz,
Meisel, Forman & Leonard, P.A., serves as the Committee's counsel.


PRM FAMILY: Sept. 17 Hearing on Liquidating Plan Outline
--------------------------------------------------------
The Bankruptcy Court will convene a hearing on Sept. 17, 2014, at
1:30 p.m., to consider adequacy of information in the Disclosure
Statement explaining the Joint Plan of Liquidation as proposed by
PRM Family Holding Company, L.L.C., and the Official Committee of
Unsecured Creditors on July 25, 2014.

As reported in the TCR on Aug. 6, 2014, the Plan proposes this
treatment: holders of allowed CNG Secured Claims, allowed secured
tax claims and allowed other secured claims will be paid in full.
The holders of administrative claims will be paid with proceeds as
assets of the estates are liquidated by a creditor trustee, or as
agreed between the creditor trustee and the claim holder.  Holders
of allowed priority tax claims and other priority claims will be
paid in order of priority from a creditor trust.  Allowed general
unsecured claims will be deemed to hold unsecured creditor trust
interests and will receive pro rata distributions from the
Creditor Trust, and the Debtors' equity securities will be
cancelled and terminated.  The Plan will be funded in part by a
contribution from related third parties, Provenzano Family members
and their respective trusts, in exchange for an acknowledgement,
affirmation and ratification that the estates and their creditors
hold no claims and fully release any claims against the Plan
Funding Source.

The Creditor Trustee will be charged with: (i) pursuing claims and
causes of action on behalf of the Creditor Trust; (ii) analyzing
and reconciling claims that have been filed against the Debtors'
estates; and (iii) making distributions on account of allowed
claims in accordance with the Plan and the creditor trust
agreement entered into with respect thereto.

The cost of distributing the Plan and Disclosure Statement as well
as the costs, if any, of soliciting acceptances, will be paid from
property of the estates.  Professional fees of the plan
proponents' counsel are not contingent upon the acceptance of the
Plan, and are payable as a cost of administration, upon court
approval.

All remaining assets of the Debtors' estates will be transferred
to the Creditor Trust and will be held for the benefit of the
holders of (i) allowed administrative claims, allowed priority tax
claims and allowed priority claims, and (ii) allowed general
unsecured claims.  The provisions of the Creditor Trust will be
implemented under the direction of the Creditor Trustee, who will
be designated prior to the confirmation hearing.

Prior to the Effective Date, the Committee will select three
creditors to serve on an advisory board.  The Creditor Advisory
Board will: (a) select a successor Creditor Trustee in the
event that the initial Creditor Trustee needs or is required to
resign or is unable to complete its duties as Creditor Trustee;
(b) advise the Creditor Trustee with respect to his or her duties,
including the reconciliation of claims, distributions to
beneficiaries of the Creditor Trust and avoidance actions; and (c)
file any necessary pleadings with the Court challenging any
actions of the Creditor Trustee as permitted under the Creditor
Trust Agreement.  The Creditor Trustee will provide the Creditor
Advisory Board with quarterly reports.

On the Effective Date, all of the equity securities in the Debtors
will be and are deemed to be cancelled.  Upon receipt
by the Debtors (or the Creditor Trust) of the plan funding
Contribution with a value of $1.6 million from the Plan Funding
Source, the guarantor release parties are fully released from any
claims or causes of action held by the Debtors and the Creditor
Trust.

A copy of the Disclosure Statement is available for free at:

          http://bankrupt.com/misc/PRMFAMILY_1171_ds.pdf

                         About PRM Family

PRM Family Holding Company, L.L.C., operator of 11 Pro's Ranch
Markets grocery stores in Arizona and Texas and New Mexico,
sought Chapter 11 protection (Bankr. D. Ariz. Case No. 13-09026)
on May 28, 2013.

As of the bankruptcy filing, PRM Family Holding operates seven
grocery stores in Phoenix, two in El Paso, Texas, and two in New
Mexico.  Its corporate office is in California and it has
warehouses and distribution facilities in California and Phoenix.
Its Pro's Ranch Markets feature produce, baked goods, and other
general grocery items with a Hispanic flair and theme.  The
company has more than 2,200 employees.

PRM Family blamed its woes on, among other things, the adverse
effect of the perception in Arizona towards immigrants including
the passage of SB 1070 and an immigration audit to which no other
competitor was subjected.  It also blamed a decline in the U.S.
economy and an increase competition from other grocery store
chains.

Bank of America, the secured lender, declared a default in
February 2013.

PRM Family estimated liabilities in excess of $10 million.

Judge Sarah Sharer Curley oversees the case.  Michael McGrath,
Esq., Scott H. Gan, Esq., Frederick J. Petersen, Esq., Kasey C.
Nye, Esq., David J. Hindman, Esq., and Isaac D. Rothschild, Esq.,
at Mesch, Clark & Rothschild, P.C., serve as the Debtor's counsel.

HG Capital Partners' Jim Ameduri serves as financial advisor.

PRM Family submitted to the Bankruptcy Court on Sept. 23, 2013, a
Joint Disclosure Statement in support of Plan of Reorganization.
The Disclosure Statement says the Debtor will continue the
operation of a long-standing business, which currently employs
approximately 2,300 people. Continuing the business will allow the
Debtors to repay creditors and maintain trading relationships with
long-term trade vendors.

Attorneys at Freeborn & Peters LLP, in Chicago, Ill., represent
the Official Committee of Unsecured Creditors as lead counsel.
Attorneys at Schian Walker, P.L.C., in Phoenix, Arizona, represent
the Committee as local counsel.  O'Keefe & Associates Consulting,
LLC, serves as financial advisor to the Committee.

Robert J. Miller, Esq., Bryce A. Suzuki, Esq., and Justin A.
Sabin, Esq., at Bryan Cave LLP, in Phoenix, serve as counsel for
Bank of America, N.A., as administrative agent and a lender under
an amended and restated credit agreement dated July 1, 2011.


PUERTO RICO ELECTRIC: Creditors Agree to Amend Bond Documents
-------------------------------------------------------------
The Puerto Rico Electric Power Authority ("PREPA") on Aug. 14
disclosed that discussions with its creditors have resulted in
agreements that provide PREPA with a consensual path forward to
improve its operations and financial situation.

Insurers and bondholders controlling more than 60 percent of
PREPA's outstanding bonds have entered into contractual
arrangements and agreed to amend the existing bond documents to
provide PREPA with liquidity and time to work with its creditors
to develop a plan to achieve a restructuring of its business.

The insurers and bondholders who signed the agreements, including
those that have commenced litigation against the Debt Enforcement
and Recovery Act, have agreed that they will not exercise remedies
against PREPA during the term of these agreements.  During this
period, PREPA will continue to make required debt service payments
in full.

The banks that provide revolving lines of credit used to pay for
purchased power, fuel and other expenses have agreed to extend
until March 31, 2015 their previously announced agreements to not
exercise remedies as a result of certain credit downgrades and
other events.  These agreements allow PREPA to continue to delay
certain payments that were due to these lenders in July and
August, respectively, until March 31, 2015.  During this period,
the banks will receive interest payments on these amounts.

The contractual agreements with PREPA's insurers, bondholders and
banks will go into effect immediately and an amendment to the
existing bond documents, which will provide PREPA the ability to
use approximately $280 million held in its construction fund for
payment of current expenses and capital improvements, will become
effective later this month.  The additional liquidity will assist
PREPA in its ongoing operations, while also keeping funds
available for capital improvements that will help to facilitate
cleaner and more efficient fuel delivery, enabling Puerto Rico to
achieve the targets established in the Energy Reform Act.

As part of the new agreements, GDB has agreed that it will not
exercise set off rights with respect to PREPA deposits and will
not require PREPA to make principal or interest payments due under
GDB loans.

"[Thurs]day's announcement is an important milestone in the
transformation of PREPA and gives us a clear line of sight to the
future," said Harry Rodriguez, President of PREPA's Board of
Directors.  "PREPA is working hard to deliver with infrastructure
improvements, better cost controls and improved service.
[Thurs]day's agreements give us additional tools toward the
creation of a more modern and self-sustaining PREPA for the
future."

Juan F. Alicea Flores, executive director for PREPA, stated,
"[Thurs]day's agreements give PREPA the additional time and
financial resources we need to reach a comprehensive solution that
ensures our ability to provide a safe, reliable and efficient
power supply to all Puerto Ricans for many years to come.  It is
the result of a lot of hard work by many people, and I want to
thank all of our stakeholders for their contributions to this very
positive outcome."

David H. Chafey, president of the Board of Directors of GDB,
commented, "The Government Development Bank of Puerto Rico is
pleased with  PREPA's ongoing efforts to become a self-sustaining
business.  The agreements announced [Thurs]day are important steps
in the process of creating a stronger PREPA for the people of
Puerto Rico."

As part of its agreements with the creditors group, PREPA has
committed to complete a five-year business plan by December 15,
2014 and to appoint a chief restructuring officer (CRO) by
September 8, 2014.  The CRO will work closely with Mr. Alicea and
the rest of PREPA's Board and management team to accelerate
PREPA's transformation, ensuring the utility is able to
efficiently implement the changes necessary to achieve its
financial and operating targets.  Initial areas of focus are
expected to include optimizing the generation, transmission and
distribution of the Island's power supply, refining collection and
expense management processes, and enhancing the overall quality of
data collection and reporting.  Under the terms of the agreements
announced today, PREPA must deliver a full debt restructuring plan
by March 2, 2015.

"The additional insights and experiences the CRO will bring to
PREPA will be important assets as we work to build a stronger
utility for the future," Mr. Alicea added.

PREPA will file a notice on the Electronic Municipal Market Access
(EMMA) system outlining the key terms of its agreements with the
creditor groups.  PREPA agreed to make these disclosures under
confidentiality agreements it signed with certain of its creditors
in conjunction with the ongoing discussions.  The notice will be
filed today and includes additional information about the
agreements and PREPA.


QUEST SOLUTION: Incurs $262,000 Second Quarter Net Loss
-------------------------------------------------------
Quest Solution, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $262,305 on $7.43 million of total revenues for the three
months ended June 30, 2014, compared to a net loss of $307,944 on
$1,008 of total revenues for the same period in 2013.

The Company also reported a net loss of $15,886 on $17.05 million
of total revenues for the six months ended June 30, 2014, compared
to a net loss of $346,402 on $1,269 of revenues for the same
period a year ago.

As of June 30, 2014, the Company had $20.89 million in total
assets, $20.96 million in total liabilities and a $68,629 total
stockholders' deficit.

At June 30, 2014, the Company had cash in the amount of $898,935
and a working capital deficit of $3,035,567.

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

                        http://is.gd/N1lccw

                        About Quest Solution

Quest Solution (formerly known as Amerigo Energy, Inc.) is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.

Amerigo Energy reported a net loss of $1.12 million in 2013
following a net loss of $191,364 in 2012.

L.L. Bradford & Company, LLC, Las Vegas, NV, 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 an accumulated deficit that raises substantial doubt about its
ability to continue as a going concern.


RAAM GLOBAL: Moody's Lowers Corporate Family Rating to 'Caa2'
-------------------------------------------------------------
Moody's Investors Service downgraded RAAM Global Energy Company's
(RAAM) Corporate Family Rating (CFR) and Probability of Default
Rating (PDR) to Caa2 from Caa1 and Caa2-PD from Caa1-PD,
respectively. Moody's downgraded RAAM's senior secured note rating
to Caa3 from Caa2. Moody's assigned a SGL-4 Speculative Grade
Liquidity Rating. The outlook was changed to negative from stable.

"RAAM Global Energy has faced challenges over the last couple of
years leading to reduced production and reserves," said Arvinder
Saluja, Moody's Analyst. "With bond maturities in October 2015 and
a forbearance agreement in place with its current revolver bank
group, the company needs to manage its refinancing and reserve
replacement plans in light of reduced liquidity in the near term."

Rating Rationale

The Caa2 CFR for RAAM primarily reflects Moody's concerns about
the company's ability to refinance the senior secured notes that
come due on October 1, 2015 amid a period of declining production
profile. This is compounded by its credit facility covenant breach
at June 30 and the need to raise additional near term liquidity.
The rating further reflects its modest scale and concentration in
the Gulf of Mexico with its technical challenges including capital
intensity, high decline rates and high finding and development
(F&D) costs, particularly since it is operating from a relatively
small asset base. Moreover, given its short 3.5 year proved
developed (PD) reserve life, debt to PD reserves is very high,
reflecting the need for high ongoing capital spending rates to
address the high decline rates inherent in GOM production. The
rating is supported by the reasonably sized and stable 25% oil
component of RAAM's total production volumes in the current
favorable price environment, a degree of diversification with
onshore operations in several different areas, an experienced
management team and an established operational track record over a
series of industry cycles.

RAAM has weak liquidity as reflected by the assignment of a SGL-4
Speculative Grade Liquidity Rating. As of June 30, 2014, RAAM had
a cash balance of $77 million. The company's $50 million borrowing
base revolving credit facility is currently unavailable due to
failure to comply with the interest coverage ratio. The facility
is governed by two financial covenants, a minimum interest
coverage (EBITDA to interest for the four immediately preceding
consecutive quarters) of 2.5x and a minimum current ratio of 1.0x.
As of June 30, 2014, RAAM had interest coverage of 2.3x. Due to
the covenant breach, on July 31, 2014 RAAM entered into a
forbearance agreement with its senior secured lenders. The
borrowing base was reduced to zero and RAAM must maintain $4
million in deposit accounts with the administrative agent. The
standstill period ends on September 30, 2014, at which time RAAM
must have a form of replacement financing in place. Replacement
financing is critical in order for the company to be able to
increase production through greater capital expenditures which in
turn could help in addressing the maturity of its senior secured
notes.

The negative outlook reflects the increase in execution risk as
the company attempts to offset production and reserves declines
with increased focus on onshore drilling and the unavailability of
the revolver borrowing base.

The Caa3 senior secured notes rating reflects the priority of any
current or potential senior secured credit facility debt's first
lien claim relative to the senior secured notes' second lien claim
results in the notes being rated one notch beneath the Caa2 CFR
under Moody's Loss Given Default Methodology. The forbearance
agreement RAAM entered into with its revolver lenders permanently
eliminated the borrowing base but allows for the company to secure
first lien financing by September 30, 2014 which could effectively
replace the revolver in the capital structure. If the company is
unable to replace the existing credit facility with another first
lien credit facility, the secured notes will essentially become
first lien claims and may be notched up to the CFR level.

Moody's could downgrade the ratings if the probability of a
distressed exchange of secured bonds increases or if production
declines continue. A positive rating action could be considered if
the company is able to secure additional liquidity, demonstrate
good results and thus sustainably increase production and reserves
from the new wells it drills, and put in viable refinancing plan
in place for its secured notes.


REGIONAL CARE: Reorganization Plan Declared Effective
-----------------------------------------------------
Regional Care Services Corp., et al., notified the Bankruptcy
Court that the Effective Date of their Second Amended Joint Plan
of Reorganization dated March 28, 2014, occurred on June 9.

On May 16, the Court entered an order confirming their Plan, and
on June 9, the sale of substantially all of the Debtors' assets to
Banner Health closed.

As reported in the Troubled Company Reporter on May 22, 2014, the
Plan provides for the sale of substantially all of the Debtors'
assets to Banner Health pursuant to an asset purchase agreement
dated Feb. 4, 2014; the assumption and assignment to the Buyer of
certain executory contracts and unexpired leases; and the creation
of a creditor trust to, among other things, liquidate and
administer remaining assets, analyze, object to and resolve
claims, prosecute, abandon and resolve causes of action, make
distributions to holders of allowed claims and wind-down the
estates.  Scott Davis will be appointed as Creditor Trustee.

Prior to the May 15 confirmation hearing, the Debtors filed an
amended plan to incorporate minor changes.  The confirmed Plan
provides that it does not change the effect of Banner's assumption
through operation of Section 365 of the Bankruptcy Code or
otherwise, and must be consistent with Medicare statute and
Medicare regulations.  The confirmation order makes clear that the
nothing in the Plan will cause the Debtors' Medicare Provider
Agreement with Centers for Medicare & Medicaid Services, United
States Department of Health and Human Services, to be deemed
rejected under the Plan.

The Debtors and Banner Health also modified the APA to provide
that if the Seller and the Buyer do not agree on the value of the
Seller Cost Report Liabilities, the sum of (i) the agreed portion,
if any, of the value, plus (ii) the disputed portion of the value
will be deducted from the closing date payment provided that the
agreed portion plus the disputed portion will not exceed $553,376.

All objections to the Plan that have not been withdrawn, waived,
or resolved are overruled on the merits.  The U.S. Trustee
objected to the Plan as providing improper third-party releases.
The Debtors countered that true third-party releases were amended
out of the Plan at the Disclosure Statement stage and the
exculpation provision was disclosed prominently in the Plan.  Not
a single creditor, regardless of class, has objected to the
proposed exculpation, the Debtors said.  In fact, as evidenced by
the declaration of Stephenie Kjontvedt, a vice president, senior
consultant at Epiq Bankruptcy Solutions, LLC, holders of claims in
classes entitled to vote under the Plan gave their overwhelming
support to the Plan.  A full-text copy of the voting and
tabulation results is available at:

       http://bankrupt.com/misc/REGIONALCAREballot0512.pdf

Pinal County Treasurer, Med One Capital Funding LLC, Aetna Inc.
and its affiliates, 3M Company, Great Western Bank, also objected
to the Plan but these objection was resolved and were subsequently
withdrawn.

A full-text copy of the May 14 Amendments to the Plan is available
at http://bankrupt.com/misc/REGIONALCAREplan0514.pdf

                     Creditor Trust Agreement

On June 30, the Court approved the Creditor Trust Agreement
consistent with the requirements of Section 1142 of the Bankruptcy
Code and their Second Amended Plan.

The creditor trust agreement describes, among other things, the
rights of beneficiaries and the powers, obligations and
compensation of the Creditor Trustee.

The Debtors are represented by:

         Michael J. Pankow, Esq.
         Joshua M. Hantman, Esq.
         BROWNSTEIN HYATT FARBER SCHRECK, LLP
         410 Seventeenth Street, Suite 2200
         Denver, CO 80202-4432
         Tel: (303) 223-1100
         Fax: (303) 223-1111
         E-mails: mpankow@bhfs.com
                  jhantman@bhfs.com

         Michael McGrath, Esq.
         Kasey C. Nye, Esq.
         MESCH, CLARK & ROTHSCHILD, P.C.
         259 North Meyer Avenue
         Tucson, Arizona 85701
         Tel: (520) 624-8886
         Fax: (520) 798-1037
         E-mail: mmcgrath@mcrazlaw.com
                 knye@mcrazlaw.com

               About Casa Grande Community Hospital
                    and Regional Care Services

Regional Care Services Corp., Casa Grande Community Hospital d/b/a
Casa Grande Regional Medical Center, Regional Care Physician's
Group, Inc., and Casa Grande Regional Retirement Community sought
Chapter 11 protection (Bankr. D. Ariz. Lead Case No. 14-01383) in
Tucson, Arizona, on Feb. 4, 2014.

The Debtors, one of the largest employers in Pinal County, operate
an award winning, full service non-profit community hospital
serving more than 65,000 patients each year from the largely rural
communities of Casa Grande, Sacaton, Eloy, Florence and
surrounding communities.

CGRMC is a 177-licensed bed, general acute care hospital located
in Casa Grande, Arizona.  RCSC is the sole member and sponsor of
CGRMC, RCPG and CGRRC.

As of the Petition Date, CGRRC's management consists of Rona
Curphy as President, Cherie McGlynn as Chairman, David Fitzgibbons
as Vice Chairman, and John Robert McEvoy as Secretary/Treasurer.

Michael McGrath, Esq., and Kasey C. Nye, Esq., at Mesch, Clark &
Rothschild, P.C., in Tucson, Arizona; and Michael J. Pankow, Esq.,
and Joshua M. Hantman, Esq., at Brownstein Hyatt Farber Schreck,
LLP, in Denver, Colorado, serve as counsel to the Debtor.

Casa Grande Hospital estimated $50 million to $100 million in
assets and liabilities.

The Debtors have filed a Plan of Reorganization to effectuate the
sale of substantially all of their assets to Phoenix-based Banner
Health pursuant to a binding Asset Purchase Agreement dated
Feb. 4, 2014.

Banner Health is also providing $6.2 million of DIP financing.

Banner Health is represented in the case by Robert M. Charles,
Jr., Esq., and Susan M. Freeman, Esq., at Lewis Roca Rothgerber
LLP, as counsel.


RESPONSE BIOMEDICAL: Posts C$288,000 Net Income in Q2
-----------------------------------------------------
Response Biomedical Corp. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income and comprehensive income of C$288,000 on C$3.07 million
of product sales for the three months ended June 30, 2014, as
compared with net income and comprehensive income of C$3.34
million on C$2.74 million of product sales for the same period
last year.

For the six months ended June 30, 2014, the Company reported a net
loss and comprehensive loss of C$1.23 million on C$5.63 million of
product sales as compared with a net loss and comprehensive loss
of C$6.62 million on C$6.30 million of product sales for the same
period in 2013.

The Company's balance sheet at June 30, 2014, showed C$13.73
million in total assets, C$16.07 million in total liabilities and
a C$2.33 million total shareholders' deficit.

"Management believes that, with the Private Placement completed in
2013 ... based on the current level of operations, and excluding
out of the ordinary cash management measures, the Company's cash
and cash equivalent balances, including cash generated from
operations and proceeds of debt, will be sufficient to meet the
anticipated cash requirements through the next twelve months,
unless the Company violates its debt covenants and the outstanding
amounts become current.  However, due to the requirements of the
Company to meet financial covenants related to revenue and
liquidity, under the terms of the term loan, and the Company's
history of losses, there is substantial doubt over the Company's
ability to continue as a going concern as it is dependent on
meeting the financial covenants and ultimately achieving
profitable operations, the outcome of which cannot be predicted at
this time," the Company said in the Report.

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

                        http://is.gd/bK7nnw

                      About Response Biomedical

Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss and comprehensive loss of
$5.99 million in 2013, a net loss and comprehensive loss of $5.28
million in 2012 and a net loss and comprehensive loss of $5.37
million in 2011.

PricewaterhouseCoopers LLP, in Vancouver, British Columbia, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has incurred recurring losses from
operations and has an accumulated deficit at Dec. 31, 2013, that
raises substantial doubt about its ability to continue as a going
concern.


REVEL AC: Fox Rothschild To Return Money, Continue As Counsel
-------------------------------------------------------------
Law360 reported that Fox Rothschild LLP can represent Atlantic
City's bankrupt Revel Casino Hotel after reaching a settlement
with a government bankruptcy watchdog requiring the firm to return
$254,000 to the debtors to resolve allegations that it received
improper retainer payments from the hotel's owner, a New Jersey
bankruptcy judge said.  According to the report, U.S. Bankruptcy
Judge Gloria M. Burns signed off on Revel's application to retain
Fox Rothschild as counsel in its Chapter 11 proceedings, two days
after a Fox Rothschild lawyer confirmed to Law360 that the firm
was close to reaching a deal with Roberta DeAngelis, the U.S.
trustee for Region 3 of the bankruptcy courts.

                           About Revel AC

Revel AC, Inc. -- http://www.revelresorts.com/-- owns and
operates Revel, a Las Vegas-style, beachfront entertainment resort
and casino located on the Boardwalk in the south inlet of Atlantic
City, New Jersey.

Revel AC Inc. and five of its affiliates sought bankruptcy
protection (Bankr. D.N.J., Lead Case No. 14-22654) on June 19,
2014, to pursue a quick sale of the assets.

The Chapter 11 cases are assigned to Judge Gloria M. Burns.  The
Debtors' Chapter 11 cases are jointly consolidated for procedural
purposes.

Revel AC estimated assets ranging from $500 million to $1 billion,
and the same amount of liabilities.

White & Case, LLP, and Fox Rothschild, LLP, serve as the Debtors'
Counsel, and Moelis & Company, LLC, is the investment banker.  The
Debtors' solicitation and claims agent is Alixpartners, LLP.

The prepetition first lenders are represented by Cadwalader,
Wickersham & Taft LLP.  The prepetition second lien lenders are
represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.  The
DIP agent is represented by Milbank, Tweed, Hadley & McCloy LLP.

This is Revel AC's second trip to bankruptcy.  The company first
sought bankruptcy protection (Bankr. D.N.J. Lead Case No. 13-
16253) on March 25, 2013, with a prepackaged plan that reduced
debt by $1.25 billion.  Less than two months later on May 15,
2013, the 2013 Plan was confirmed and became effective on May 21,
2013.


RIVER CITY RENAISSANCE: Submits List of Equity Security Holders
---------------------------------------------------------------
River City Renaissance, LC, submits to the Bankruptcy Court its
list of equity security holders in accordance with Rule 1007(a)(3)
of the Federal Rules of Bankruptcy Procedure.

Joseph J. Luzinski, at Development Specialists, Inc., River City's
proposed liquidating representative, declares that River City has
four equity security holders:

  Company                           No. of Securities
  -------                           -----------------
River City Renaissance SCP, LC           1.00%
307 Stockton Street
Richmond, VA 23224

River City Renaissance Tenant, LC        5.00%
307 Stockton Street
Richmond, VA 23224

The Jefferson Investor Group, LC        93.50%
2716 Monument Ave.
Richmond, VA 23220

WJA, Inc.                                0.50%
307 Stockton Street
Richmond, VA 23224

River City Renaissance, LC, and River City Renaissance III, LC,
sought Chapter 11 protection (Bankr. E.D. Va. Case Nos. 14-34080
and 14-34081) in Richmond, Virginia, on July 30, 2014.  The cases
are assigned to Judge Keith L. Phillips.  Richmond, Virginia-based
River City Renaissance estimated $10 million to $50 million in
assets and debts.  Renaissance III estimated less than $10 million
in assets and debts.  The Debtors have tapped Spotts Fain PC as
counsel.


RR DONNELLEY ARGENTINA: Files for Bankruptcy Liquidation
--------------------------------------------------------
R. R. Donnelley & Sons Company announced the filing for bankruptcy
Aug. 11, by R.R. Donnelley Argentina S. A. ("RRDA"), a subsidiary
of RR Donnelley & Sons Company, with the Argentine Court.

Thomas J. Quinlan, President and Chief Executive Officer of RR
Donnelley & Sons Company, states that it was after much
discussion, thought, and the consideration of many alternatives to
preserve operations, that RRDA made the difficult choice to file
for bankruptcy liquidation in Argentina after 22 years in
operation.

The printing industry in Argentina has been struggling to be
profitable for some time and the outlook for improvement of
industry sales is not positive.

The business of RRDA is not solvent.

RRDA has experienced a decrease in sales and does not foresee any
improvement in the foreseeable future.

At every point in this decision, RRDA followed all Argentinian
laws and regulations as they apply to these business decisions.
During the analysis of alternatives, many discussions and
considerations took place including, among other things, the
following:

RRDA obtained a Programa de Reproduccion ("Repro") in September
2013. However, the local union elected not to sign it thereby
preventing RRDA's proposed corrective actions and therefore
worsening even more the economic and financial situation.

For three months RRDA had multiple meetings directly with the
national and local unions in advance of filing bankruptcy seeking
a Crisis Prevention Plan (requesting a reduction of headcount in
order to draw closer to profitability), but no solutions were
acceptable to the unions.

RRDA met with and filed a petition with the National Ministry of
Labor proposing a reduction in headcount at the facility.  This
was also brought to the Provincial Ministry of Labor.  Prior to
filing for bankruptcy, both Ministries of Labor informed RRDA that
they did not support the proposal.

Because RRDA was left with no other solutions for the many crises
facing it, including rising labor costs, inflation, materials
price increases, devaluation, inability to pay debts as they
become due, and other issues, the independent decision was made to
file for bankruptcy.

In arriving at the decision, neither RRDA nor RR Donnelley & Sons
Co. discussed its intentions with any other company, stakeholder
or bondholder. We have absolutely no relation to the current
situation with Argentina's bondholders.

The bankruptcy petition filed on August 11 was approved by the
court shortly thereafter and a trustee was appointed. This was
quickly done, as it is usual in these cases, so as to protect and
preserve premises, workers, facilities and creditors. We believe
this issue will be best resolved by the court and the trustee.

At base, the business of RRDA is not solvent and that reality was
the sole driver of the business decision.

R. R. Donnelley & Sons Company -- http://www.rrdonnelley.com/--
provides integrated communication solutions to private and public
sectors worldwide.


SALUBRIOUS PHARMACEUTICAL: Case Summary & 8 Top Unsec. Creditors
----------------------------------------------------------------
Debtor: Salubrious Pharmaceutical LLC
        5328 Lockhurst Drive
        Woodland Hills, CA 91367

Case No.: 14-13835

Chapter 11 Petition Date: August 15, 2014

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Maureen Tighe

Debtor's Counsel: Timothy Quick, Esq.
                  LAW OFFICES OF TIMOTHY K QUICK
                  3502 Katella Ave Ste 207
                  Los Alamitos, CA 90720
                  Tel: 562-799-6020
                  Fax: 877-803-7252
                  Email: tkquick@gmail.com

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by George H. Nelson, manager/member.

List of Debtor's eight Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Robert C. Baker, Esq.              Lawsuit            $407,000
633 W. 5th Street, Ste.
5400 Los Angeles, CA
90071

Robert Boatman                     Lawsuit            $200,000

Priscilla Boatman                  Lawsuit            $200,000

Pharmo, LLC                        Lawsuit            $100,000

Maricela Susana                    Lawsuit             $50,000

The Estate of Chad Wilde           Lawsuit             $50,000

Joh E. Sweeney, Esq.               Lawsuit             $25,000

Norman Perbil                      Lawsuit             $10,000


SCSLSJ341 LLC: Land, Buildings to Be Sold at Aug. 25 Auction
------------------------------------------------------------
Glenn C. Raiche, Trustee of the Marilyn G. Raiche 1999 Revocable
Trust, as mortgagee, will sell at public auction the land and
buildings owned by SCSLSJ341, LLC.  The premises are known as 79
School Street, Franklin, County of Merrimack, State of New
Hampshire.  The sale shall take place on August 25, 2014 at 11:30
a.m. at the Premises.

SCSLSJ341 is based at 33 Memorial Street, Franklin, NH 03235.

A deposit of $5,000 in the form of a certified check or bank
treasurer's check or other check satisfactory to the Mortgagee's
attorney will be required to be delivered at or before the time a
bid is offered.  The successful bidder(s) will be required to
execute a purchase and sale agreement immediately after the close
of the bidding.  The balance of the purchase price shall be paid
within 30 days from the sale date in the form of a certified
check, bank treasurer's check or other check satisfactory to
Mortgagee's attorney.

The Mortgagee reserves the right to bid at the sale, to reject any
and all bids, to continue the same and to amend the terms of the
sale by written or oral announcement made before or during the
foreclosure sale.

The property will be sold "AS IS AND WHERE IS' and subject to
unpaid taxes, prior liens or other enforceable encumbrances of
record, if any, entitled to precedence over the Mortgage.


SEAWORLD PARKS: Moody's Affirms 'B1' CFR & 'Ba3' Debt Ratings
-------------------------------------------------------------
Moody's Investors Service changed the rating outlook for SeaWorld
Parks and Entertainment, Inc. to stable from positive. The B1
corporate family rating (CFR) and Ba3 debt ratings were affirmed

The change in outlook reflects weak performance during the first
half of the year and the company's revised guidance for revenue
declines of 6 to 7% and company defined adjusted EBITDA declining
14 to 16% in FY 2014. The company also increased capex guidance to
13% of revenue over the next several years from Moody's
expectation of 10%. In Moody's opinion, results were negatively
impacted by animal rights campaigns against the company, stronger
competitive offerings in the Orlando, Florida market, and delayed
school closings in some markets this year.

The company is anticipated to carry out a cost saving program to
help offset revenue declines as well as fund additional capex
spend and fund stock buybacks in 2015. The heightened capex spend
over the next few years will improve park attractions, but reduce
free cash flow.

SeaWorld Parks and Entertainment, Inc

  Corporate Family Rating, affirmed at B1

  Probably of Default Rating, affirmed at B1-PD

  Revolving credit facility maturing on April 2018, affirmed at
  Ba3 (LGD3)

  1st lien term loan B-2 facility maturing May 2020, affirmed at
  Ba3 (LGD3)

  Speculative Grade Liquidity Rating, affirmed SGL-2

  Outlook: changed to stable from positive

Summary Rating Rationale

SeaWorld's B1 (CFR) reflects the portfolio of 11 regional and
destination theme parks and weak operating performance during 2014
that is expected to increase leverage from 4.4x as of Q2 2014
(incorporating Moody's standard adjustments) to almost 5x by the
end of 2014. The parks are highly seasonal and sensitive to
cyclical discretionary consumer spending, weather conditions,
changes in fuel prices, public health issues as well as other
disruptions outside of the company's control. The rating also
reflects negative publicity from its killer whale shows and
legislative efforts in California to ban the shows in that state.
Despite weaker than anticipated performance, the company still
generates meaningful annual attendance (approximately 23 million
in the LTM period ending Q2 2014) and benefits from adequate cash
flow generation to fund a significant ongoing capital program,
dividends, and fund stock buy backs. The value of its portfolio of
parks is also substantial and provides significant asset
protection.

SeaWorld has a good liquidity position (as reflected in Moody's
SGL-2 rating) supported by sufficient cash ($63 million as of Q2
2014) and projected free cash flow to cover capital spending,
required debt service, and dividends. Moody's expect seasonal
reliance on the $192.5 million revolver (undrawn at Q2 2014 except
for $16 million of letters of credit). The revolver matures on the
earlier of April 2018 or the 91st day prior to the maturity date
of the senior notes (unrated).

Moody's anticipates the company will maintain access to the
revolver and remain in compliance with the credit facility
covenants (based on the credit agreement definitions). The total
leverage covenant is set at 5.75x for the life of the loan and the
interest coverage ratio is set at 2.05x.

The 11% cash-pay notes have a make-whole call prior to 12/1/14 and
is callable at 105.5% thereafter (declining to 102.75% on
12/1/15). The company may refinance the notes as the initial call
date approaches which could lead to interest expense savings. A
reduction or refinancing of the note with new secured debt could
pressure the credit facility rating given the removal of
subordinated debt in the capital structure.

The stable rating outlook reflects our expectation that SeaWorld
will experience mid to high single digit revenue declines that
will lead leverage to increase to almost 5x by the end of 2014.
The company will have to contend with negative publicity and
campaigns from animal activist, potential legislative actions that
could impact operations, and improve the level of attractions at
some parks.

Given recent weak performance, an upgrade is not expected in the
near term. Positive rating pressure would occur if the company
generates positive revenue, attendance and EBITDA growth that
caused leverage to decline below 4.25x (as calculated by Moody's)
on a sustained basis. Comfort that there were not any significant
legislative, regulatory, or activist actions that would materially
impact operations would also be required. A good liquidity
position would also be necessary for an upgrade.

Downward rating pressure could result from continued poor
operating performance due to negative publicity or economic
weakness, debt funded equity friendly transactions, or debt
financed acquisitions that led to leverage increasing above 5.25x.
Legislative or regulatory actions that are expected to materially
impact its business model could also result in negative rating
pressure. A weakened liquidity profile or failure to maintain an
adequate cushion of compliance with covenants could also lead to a
downgrade. The Ba3 credit facility rating could be lowered if the
unsecured notes were reduced or refinanced with senior secured
debt.

SeaWorld Parks & Entertainment, Inc.'s ratings were assigned by
evaluating factors that Moody's considers relevant to the credit
profile of the issuer, such as the company's (i) business risk and
competitive position compared with others within the industry;
(ii) capital structure and financial risk; (iii) projected
performance over the near to intermediate term; and (iv)
management's track record and tolerance for risk. Moody's compared
these attributes against other issuers both within and outside
SeaWorld Parks & Entertainment, Inc.'s core industry and believes
SeaWorld Parks & Entertainment, Inc.'s ratings are comparable to
those of other issuers with similar credit risk. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.

SeaWorld Entertainment, Inc., headquartered in Orlando, Florida,
owns and operates 11 amusement and water parks located in the U.S.
Properties include SeaWorld (Orlando, San Diego and San Antonio),
Busch Gardens (Tampa and Williamsburg) and Sesame Place
(Langhorne, PA). The Blackstone Group (Blackstone) acquired
SeaWorld Parks in December 2009 in a $2.4 billion (including fees)
leveraged buyout. SeaWorld Entertainment, Inc. filed for an
initial public offering in December 2012, and Blackstone has
reduced its ownership position to less than 25% as of June 2014.
SeaWorld's revenue was approximately $1.4 billion as of the LTM
period ending Q2 2014.


SEVEN COUNTIES: NextGen's Bid to Withdraw Reference Denied
----------------------------------------------------------
Senior District Judge Charles R. Simpson, III, in Louisville,
Kentucky, denied the request of defendants NextGen Healthcare
Information Systems, Inc., NextGen Healthcare Systems, LLC and
Quality Systems, Inc., for an order withdrawing the bankruptcy
court reference of the adversary proceeding commenced against them
by Seven Counties Services, Inc.

Judge Simpson said NextGen consented to the Bankruptcy Court's
jurisdiction by filing a proof of claim against SCS.  He also
pointed out that the adversary proceeding raises fraudulent
conveyance claims which are core claims under 28 U.S.C. Sec.
157(b)(2).  The additional claims alleging various permutations of
fraud and breach of contract, while traditionally non-core, arise
from the same operative facts as the core claims over which the
bankruptcy court has jurisdiction and the Proof of Claim NextGen
itself filed.  According to Judge Simpson, despite its attempt to
un-ring the bell, NextGen has consented to bankruptcy court
jurisdiction and has no ground to procure withdrawal of the
reference by the District Court.

NextGen also seeks an order transferring the matter to the United
States District Court for the Central District of California at
Santa Ana.  Judge Simpson said that, in light of the District
Court's exercise of its discretion to deny the withdrawal from the
bankruptcy court, the District Court will leave consideration of
the transfer request for the bankruptcy court's consideration.

In May 2013, NextGen filed a proof of claim in the bankruptcy case
for the balance of payments purportedly due under a contract with
SCS.  On July 1, 2013, SCS terminated the contract, and on January
16, 2014, SCS commenced the adversary proceeding to recoup the
payments it had already made plus additional damages purportedly
incurred due to NextGen's alleged failure to provide products and
services required by the contract.

According to SCS' version of the facts, on September 16, 2011, SCS
entered into a Software License & Services Agreement with NextGen
for the implementation of a software platform that would assist
SCS in managing its network of mental health treatment delivery.
SCS paid NextGen $800,000 at the time the agreement was executed,
and paid additional sums over the next two years. The total paid
to NextGen exceeded $2 million.

According to SCS, NextGen had represented that it was experienced
in configuring such software systems and could customize a
platform to SCS' needs. NextGen was allegedly incapable of
fulfilling that obligation and breached its contract to do so. SCS
contends that the contract was unfulfilled at the time SCS filed
for bankruptcy and NextGen filed its proof of claim for the
remaining balance.

SCS moved, and the bankruptcy court ordered, that SCS' "executory
contract" with NextGen was rejected. SCS ultimately replaced
NextGen with another provider, requesting approval from the
bankruptcy court to enter into another software license and
service agreement.

NextGen moved to withdraw the reference, urging that SCS seeks
resolution of non-core, garden variety breach of contract claims.
SCS counters that the matter is a core proceeding under 28 U.S.C.
Sec. 157, as the AP is directly responsive to NextGen's first-
filed claim for collection of an alleged debt.

NextGen also filed a motion to dismiss in the Bankruptcy Court
urging that the Adversary Proceeding was filed in an improper
venue and that it fails to state a claim upon which relief can be
granted.  NextGen stated that "If the District Court grants the
Motion to Withdraw the Reference, this Court will not have
jurisdiction to decide this Motion. However, this Motion is being
filed at this time to preserve NextGen Healthcare's rights."  The
District Court did not address that motion.

The case is, SEVEN COUNTIES SERVICES, INC., Petitioner, v. NEXTGEN
HEALTHCARE INFORMATION SYSTEMS, INC., et al., Respondents, Civil
Action No. 3:14CV-330-S (W.D. Ky.).  A copy of the District
Court's August 12, 2014 Memorandum Opinion is available at
http://is.gd/fGiG2dfrom Leagle.com.

NextGen Healthcare Information Systems, Inc., et al. are
represented by:

     Brian M. Daucher, Esq.
     SHEPPARD MULLIN RICHTER & HAMPTON LLP
     650 Town Center Drive, Fourth Floor
     Costa Mesa, CA 92626
     Tel: 714-513-5100
     Fax: 714-513-5130
     E-mail: bdaucher@sheppardmullin.com

          - and -

     Laura Day DelCotto, Esq.
     DELCOTTO LAW GROUP PLLC
     200 North Upper Street
     Lexington, KY 40507
     Tel: 859-231-5800
     Fax: 859-281-1179
     E-mail: ldelcotto@dlgfirm.com

                     About Seven Counties

Seven Counties Services Inc., a not-for-profit behavioral
services provider from Louisville, Kentucky, filed for Chapter 11
protection (Bankr. W.D. Ky. Case No. 13-31442) on April 4, 2013.
The agency generates more than $100 million a year in revenue and
employs a staff of 1,400 providing services at 21 locations and
120 schools and community centers.

The petition was signed by Anthony M. Zipple as president/CEO.
The Debtor scheduled assets of $45,603,716 and scheduled
liabilities of $232,598,880.

Judge Joan A. Lloyd presides over the case.  David M. Cantor,
Esq., Neil C. Bordy, Esq., Charity B. Neukomm, Esq., Tyler R.
Yeager, Esq., and James E. McGhee III, Esq., at SEILLER WATERMAN
LLC, serve as counsel to the Debtor.  Bingham Greenebaum Doll LLP
and Wyatt, Tarrant & Combs LLP have been retained by the Debtor as
special counsel.  Hall, Render, Killian, Heath & Lyman, PLLC, is
special counsel to represent and advise it in the implementation
of its new software system.

Peritus Public Relations, LLC, has been tapped to provide public
relations and public affairs support in Kentucky.

Fifth Third Bank, the cash collateral lender, is represented by
Brian H. Meldrum, Esq., at STITES & HARBISON PLLC; and Robert C.
Goodrich, Jr., Esq., at STITES & HARBISON PLLC.


SHENGDATECH INC: Mudd & Saidman Dismissed From Securities Case
--------------------------------------------------------------
Shareholders of ShengdaTech, Inc. brought suit against ShengdaTech
and its officers and directors for securities fraud.  Defendants
A. Carl Mudd and Sheldon B. Saidman moved to dismiss the Third
Consolidated Amended Class Action Complaint, which District Judge
Lorna G. Schofield granted, in its entirety, according to an
Opinion and Order dated Aug. 12, 2014, a copy of which is
available at http://is.gd/wBv1qgfrom Leagle.com.

Messrs. Mudd and Saidman became members of ShengdaTech's five-
member Board of Directors in February 2007, and both served on its
three-member Audit Committee, which Mr. Mudd chaired.

In a Form 8-K filed on May 5, 2011, ShengdaTech announced that
KPMG HK's audit reports on the Company's year-end financial
statements for 2008 and 2009 should no longer be considered
reliable.  Later that month, the Special Committee retained the
law firm Skadden, Arps, Slate, Meagher & Flom LLP to take over the
internal investigation. On August 19, 2011, Skadden presented to
the Special Committee its preliminary report, in which it
"confirmed material irregularities and/or inaccuracies in the
financial records of the Company." On the same day, the Special
Committee authorized and directed ShengdaTech to file a voluntary
petition for relief under Chapter 11 of the U.S. Bankruptcy Code.

Both Messrs. Mudd and Saidman signed ShengdaTech's Forms 10-K for
the years ending 2006 to 2009.

Mesrs. Mudd and Saidman also sat on the Board's Compensation
Committee and Nominating and Corporate Governance Committee.

The 2009 Form 10-K stated that both Defendants were qualified to
serve on the ShengdaTech Board because of their "extensive
knowledge" of ShengdaTech. For their positions, they were
compensated as follows: Defendant Mudd received $75,000 in cash
annually for 2008 and 2009, plus $58,945 in options for 2008; and
Defendant Saidman received $35,000 in cash annually for 2008 and
2009.

Donald D. Yaw, Lead Plaintiff, is represented by Mario Alba, Jr,
Robbins Geller Rudman & Dowd LLP, Avital Orly Malina, Robbins
Geller Rudman & Dowd LLP, Edward Y. Kroub, Robbins Geller Rudman &
Dowd LLP, Michael Gerard Capeci, Robbins Geller Rudman & Dowd LLP
& Samuel Howard Rudman, Robbins Geller Rudman & Dowd LLP.

Edward J. Schaul, Lead Plaintiff, is represented by Mario Alba,
Jr, Robbins Geller Rudman & Dowd LLP, Avital Orly Malina, Robbins
Geller Rudman & Dowd LLP, Edward Y. Kroub, Robbins Geller Rudman &
Dowd LLP, Michael Gerard Capeci, Robbins Geller Rudman & Dowd LLP
& Samuel Howard Rudman, Robbins Geller Rudman & Dowd LLP.

James Thomas Turner, Individually and on behalf of all others
similarly situated, Plaintiff, is represented by Mario Alba, Jr,
Robbins Geller Rudman & Dowd LLP & Samuel Howard Rudman, Robbins
Geller Rudman & Dowd LLP.

Erik S. Mathes, on behalf of himself and all others similarly
situated, Consolidated Plaintiff, is represented by Donald R.
Hall, Jr, Kaplan Fox & Kilsheimer LLP, Frederic Scott Fox, Sr,
Kaplan Fox & Kilsheimer LLP, Hae Sung Nam, Kaplan Fox & Kilsheimer
LLP & Irina Kobylevsky, Kaplan Fox & Kilsheimer LLP.

Marlon Fund SICA V PLC, Movant, is represented by Jeremy Alan
Lieberman, Pomerantz LLP.

Thomas Loomis, Movant, is represented by Irina Kobylevsky, Kaplan
Fox & Kilsheimer LLP.

Shadas, Movant, represented by Phillip C. Kim, is The Rosen Law
Firm P.A..

Shengdatech, Inc., Defendant, is represented by Miriam G. Bahcall,
Greenberg Traurig, LLP & Robert Allen Horowitz, Greenberg Traurig,
LLP.

KPMG LLP, Defendant, is represented by Kevin Michael Hodges,
Williams & Connolly LLP, Benjamin M. Greenblum, Williams &
Connolly LLP & William Pruitt Ashworth, Williams & Connolly LLP.
KPMG Hong Kong, Defendant, represented by Ari Micah Selman,
Bingham McCutchen LLP.

KPMG, Defendant, is represented by Ari Micah Selman, Bingham
McCutchen LLP & Steven W. Hansen, Bingham McCutchen LLP.

KPMG, a Hong Kong Partnership, Defendant, is represented by
Jeffrey Q. Smith, Bingham McCutchen LLP.

KPMG Hong Kong, Defendant-in-Rem, is represented by Jeffrey Q.
Smith, Bingham McCutchen LLP.

                        About ShengdaTech

Headquartered in Shanghai, China, ShengdaTech, Inc., makes nano
precipitated calcium carbonate for the tire industry.
ShengdaTech converts limestone into nano-precipitated calcium
carbonate (NPCC) using its proprietary and patent-protected
technology.  NPCC products are increasingly used in tires, paper,
paints, building materials, and other chemical products.  In
addition to its broad customer base in China, the Company
currently exports to Singapore, Thailand, South Korea, Malaysia,
India, Latvia and Italy.

ShengdaTech sought Chapter 11 bankruptcy protection from
creditors (Bankr. D. Nev. Case No. 11-52649) on Aug. 19, 2011, in
Reno, Nevada, in the United States.

The Shanghai-China based company said in its bankruptcy filing it
would fire all of its officers and restructure to try to recover
from an accounting scandal.

The Company disclosed US$295.4 million in assets and US$180.9
million in debt as of Sept. 30, 2011.

The Company's legal representative in its Chapter 11 case is
Greenberg Traurig, LLP.  On Aug. 23, 2011, the Court entered an
interim order confirming the Board of Directors Special
Committee's appointment of Michael Kang as the Debtor's chief
restructuring officer.

Alvarez & Marsal North America, LLC, is the Company's chief
restructuring officer.

As reported in by the Troubled Company Reporter on Sept. 7, 2011,
the United States Trustee appointed AG Ofcon, LLC, The Bank of
New York, Mellon (in its role as indenture trustee for
bondholders), and Zazove Associates, LLC, to serve on the
Official Committee of Unsecured Creditors of ShengdaTech, Inc.

Hogan Lovells US serves as counsel for ShengdaTech's official
committee of unsecured creditors.

The Plan provides for the wind-down of the Debtor's affairs and
the Distribution of the Debtor's remaining assets to Creditors.


SIMON WORLDWIDE: Incurs $1 Million Net Loss in Second Quarter
-------------------------------------------------------------
Simon Worldwide, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.03 million on $0 of revenue for the three months ended
June 30, 2014, as compared with a net loss of $897,000 on $0 of
revenue for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $2.09 million on $0 of revenue as compared with a net loss
of $1.42 million on $0 of revenue for the same period last year.

As of June 30, 2014, the Company had $6.15 million in total
assets, $64,000 in total liabilities and $6.08 million in ttoal
stockholders' equity.

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

                        http://is.gd/DJyWRf

                      About Simon Worldwide

Based in Los Angeles, Simon Worldwide, Inc. (OTC: SWWI) no longer
has any operating business.  Prior to August 2001, the Company
operated as a multi-national full-service promotional marketing
company, specializing in the design and development of high-impact
promotional products and sales promotions.  At Dec. 31, 2009,
the Company held an investment in Yucaipa AEC Associates, LLC, a
limited liability company that is controlled by the Yucaipa
Companies, a Los Angeles, California based investment firm.
Yucaipa AEC in turn principally held an investment in the common
stock of Source Interlink Companies, a direct-to-retail magazine
distribution and fulfillment company in North America, and a
provider of magazine information and front-end management services
for retailers and a publisher of approximately 75 magazine titles.
Yucaipa AEC held this investment in Source until April 28, 2009,
when Source filed a pre-packaged plan of reorganization under
Chapter 11 of the U.S. Bankruptcy Code.

Simon Worldwide reported a net loss of $3.63 million on $0 of
revenue for the year ended Dec. 31, 2013, as compared with a net
loss of $1.52 million on $0 of revenue for the year ended Dec. 31,
2012.  The Company incurred a net loss of $1.97 million on $0
revenue in 2011.


SITEL WORLDWIDE: S&P Lowers CCR to 'B-' on Weak Covenant Headroom
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Nashville-based SITEL Worldwide Corp. to 'B-' from 'B'.
The outlook is negative.

S&P also lowered its issue-level rating on the company's senior
secured credit facilities to 'B-'.  The recovery rating on this
debt is unchanged at '3' and indicates S&P's expectations of
meaningful (50% to 70%) recovery in the event of payment default.

Additionally, S&P lowered its issue-level rating on the company's
senior unsecured notes to 'CCC+'.  The recovery rating on the
notes is '5' and indicates S&P's expectations of modest (10% to
15%) recovery in the event of a payment default.

"The downgrade is based on our expectation that the company's
currently weak operating results will result in a continuation of
less-than-adequate covenant headroom and negative unadjusted free
cash flow over the coming year," said Standard & Poor's credit
analyst James Thomas.

Although SITEL recently negotiated amendments to covenant terms
and received a $75 million additional investment from ONEX, S&P
believes that headroom under both leverage and interest coverage
covenants will remain below 10% over the next fiscal year.  S&P
believes that covenant headroom is unlikely to improve materially,
even if operating performance improves, as higher EBITDA quarters
from 2013 continue to roll off of trailing-12-month covenant
EBITDA and covenant step-downs begin in the second quarter of
2015.


SKYLINE MANOR: Blueprint Approved to Market and Sell Property
-------------------------------------------------------------
Chapter 11 trustee, Ron Ross, sought and obtained authority from
the Bankruptcy Court for the District of Nebraska to employ
Blueprint Healthcare Real Estate Advisors LLC as advisor for the
marketing and sale of the property of debtor Skyline Manor Inc.

On July 24, 2014, an engagement agreement was entered into by the
Chapter 11 trustee and blueprint. Blueprint will assist and advise
trustee with respect to the marketing and sale of the debtor's
property.

Blueprint's compensation is contingent on a sale of property:

     Commission Fee    Purchase Price
     --------------    --------------
         1.00%         Purchase Price less than or equal to $17MM
         1.50%         Purchase Price is between $17MM and $18MM
         1.75%         Purchase Price is between $18MM and $19MM
         2.00%         Purchase Price is between $19MM and $20MM
         2.50%         Purchase Price greater than $20MM

The Bankruptcy Code provides that a trustee may employ a
professional that do not hold or represent an interest adverse to
the estate, and that is a disinterested person, to represent or
assist the trustee in carrying out its duties.

The Chapter 11 trustee believes that the employment of Blueprint
will be to the best interests of the debtor's estate and their
creditors.

The official committee of unsecured creditors supports the
employment of the firm.

Blueprint's Ben Firestone filed a declaration in support of the
application.  Mr. Firestone said Blueprint is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

On July 31, 2014, Judge Thomas L. Saladino approved the employment
of Blueprint as advisor for the marketing and sale of the debtor's
property.  The request is approved subject to the following:

     (1) This order is not a determination that the services are
necessary;

     (2) No determination is made that the person or entity being
employed represents no adverse interest;

     (3) Trustee is specifically authorized to employ the
professional under the contingency fee arrangement described in
the application; and

     (4) This order does not allow fees.

The firm must file a fee application in accordance with the
Bankruptcy Code and Fed. Rules.  The firm also must also comply
with Neb. R. Bankr. P. 2016.  The allowance of fees is subject to
objection and to applicable laws governing allowance of fees.

                        About Skyline Manor

Skyline Manor, Inc., operates a retirement community in Omaha.
The facility offers apartments, assisted-living units, skilled
nursing beds and hospice care.

Skyline Manor filed a Chapter 11 bankruptcy petition
(Bankr. D. Neb. Case No. 14-80934) on May 8, 2014.  The petition
was signed by John W. Bartle as chief restructuring officer.
Judge Thomas L. Saladino presides over the case.

The Debtor estimated assets of at least $10 million and
liabilities between $10 million to $50 million.


SUNTECH POWER: Solyndra Wants Ch.15 Case Moved to N.D. Cal.
-----------------------------------------------------------
The Solyndra Residual Trust filed papers with the U.S. Bankruptcy
Court for the Southern District of New York seeking an order
transferring venue of the Chapter 15 Petition of Suntech Power
Holdings Co., Ltd. (In Provisional Liquidation) to the Northern
District of California pursuant to 28 U.S.C. section 1412.

Solyndra on October 11, 2012, filed a complaint in the Northern
District of California against Suntech Power Holdings asserting
claims for horizontal price fixing, predatory pricing, and
tortuous interference of the Sherman Anti-trust Act, California's
Cartwright Act and Unfair Practices Act. Solyndra claims damages
of over $1.5 billion on account of Suntech's illegal trade
practices.

On March 17, 2008, Suntech closed an offering of $575 million of
3.00% convertible senior unsecured notes. The parties thereto
submitted to the non-exclusive jurisdiction of any US Federal or
New York State court solely for the purpose of any legal action or
proceeding to enforce their obligation. On March 15, 2013, Suntech
defaulted on the notes.

On June 11, 2013, certain holders of notes commenced lawsuits in
the US District Court for the Southern District of New York.  On
November 5, 2013, Suntech's chairman, Christopher Micheal Nacson,
filed a winding up petition thereby commencing the Cayman
proceeding.  The joint provisional liquidators were appointed in
the Cayman Proceeding.

Suntech, on February 20, 2014, transferred $500,000 to
Computershare Account. Suntech contends that venue is proper
because its principal assets (i.e., the $500,000) were deposited
into the Computershare account at the Bank of New York Mellon and
noteholder actions were pending in the same court when the Chapter
15 petition was filed.

Solyndra, on the other hand, asserts that the transfer of funds
into the Computershare account should be disregarded since it was
made for the sole purpose of establishing venue. In addition,
since Suntech's principal place of business is located in San
Francisco, California, it is proper for the venue to be at the
Northern District of California.

The other litigation claimant, Energy Conversion Devices, supports
the transfer of the Chapter 15 Petition to the Northern District
of California.

Attorneys for the Solyndra Residual Trust

     John A. Morris, Esq.
     Debra I. Grassgreen, Esq.
     Jason H. Rosell, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     780 Third Avenue, 34th Floor
     New York, NY 10017
     Telephone: (212) 561-7700
     Facsimile: (212) 561-7777

          - and -

     W. Gordon Dobie, Esq.
     Eric E. Sagerman, Esq.
     Justin E. Rawlins, Esq.
     William C. O'Neil, Esq.
     WINSTON & STRAWN LLP
     333 S. Grand Avenue
     Los Angeles, CA 90071
     Telephone: (213) 615-1700
     Facsimile: (213) 615-1750

                           About Suntech

Wuxi, China-based Suntech Power Holdings Co., Ltd., produces solar
products for residential, commercial, industrial, and utility
applications.  Suntech has delivered more than 25,000,000
photovoltaic panels to over a thousand customers in more than 80
countries.

Suntech Power Holdings Co., Ltd., received from the trustee of its
3 percent Convertible Notes a notice of default and acceleration
relating to Suntech's non-payment of the principal amount of
US$541 million that was due to holders of the Notes on March 15,
2013.  That event of default has also triggered cross-defaults
under Suntech's other outstanding debt, including its loans from
International Finance Corporation and Chinese domestic lenders.

Suntech Power had involuntary Chapter 7 bankruptcy proceedings
initiated against it on Oct. 14, 2013, in U.S. Bankruptcy Court in
White Plains, New York (Bankr. S.D.N.Y. Case No. 13-bk-13350), by
holders of more than $1.5 million of defaulted securities under a
2008 $575 million indenture.  The Chapter 7 Petitioners are
Trondheim Capital Partners, L.P., Michael Meixler, Longball
Holdings, LLC, and Jiangsu Liquidators, LLC.  They are
represented by Jay Teitelbaum, Esq., at Teitelbaum & Baskin LLP,
in White Plains, New York.

Suntech Power on Jan. 31, 2014, disclosed that it has signed a
Restructuring Support Agreement relating to the petition for
involuntary bankruptcy filed against it under chapter 7 of the
U.S. Bankruptcy Code.  Under the RSA, the parties agreed that
chapter 7 proceedings will be dismissed following recognition of
the provisional liquidation proceeding previously filed by the
Company in the Cayman Islands under chapter 15 of the U.S.
Bankruptcy Code.

On Feb. 21, 2014, David Walker and Ian Stokoe, the joint
provisional liquidators of Suntech Power Holdings Co., Ltd.,
appointed by the Grand Court of the Cayman Islands, commenced a
Chapter 15 proceeding (Bankr. S.D.N.Y. Case No. 14-10383).  The
Chapter 15 Petitioners are represented by Jennifer Taylor, Esq.,
and Diana Perez, Esq., at O'Melveny & Myers LLP.  According to the
Chapter 15 petition, Suntech has more than $1 billion in both
assets and debts.


TITAN INTERNATIONAL: S&P Affirms 'B+' CCR & Alters Outlook to Neg.
------------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit rating on Quincy, Ill.-based Titan International Inc. and
revised the outlook to negative from stable.

S&P also affirmed its 'B+' issue-level ratings on Titan's senior
secured notes due 2020.  S&P's recovery rating on the notes is
'3', indicating its expectation of meaningful (50% to 70%)
recovery for lenders in the event of a payment default.

"The rating action reflects weaker-than-expected operating
performance in recent quarters and our expectation that similar
operating trends will continue through the second half of the
year, contributing to weaker credit measures," said Standard &
Poor's credit analyst Svetlana Olsha.

The outlook is negative.  Titan's credit measures provide minimal
cushion if demand for agricultural and earthmoving equipment
declines further than S&P expects.

S&P could lower the rating if a sustained downturn in Titan's end
markets erodes the company's operating performance more than S&P
expects, resulting in leverage above 5x for an extended period.
S&P could also lower the rating if Titan pursues large, debt-
financed acquisitions that increase leverage beyond 4x in periods
of favorable end-market demand.

S&P could revise the outlook to stable if the company can reverse
negative operating trends and improve leverage to below 4x, while
generating moderately positive FOCF and preserving adequate levels
of liquidity.


TMT USA: Nobu Su Asks Court to Stay Whale Vessels Sale Orders
-------------------------------------------------------------
Hsin Chi Su also known as Nobu Su wants to appeal the Bankruptcy
Court's orders approving the sale of several Whale vessels of TMT
Procurement Corporation and its affiliates.

Deirdre Carey Brown, Esq., at Hoover Slovacek LLP, in Houston,
Texas, relates that Mr. Su owns patents from China, Japan and
Korea for underdeck piping design which was installed in the
Whales. All of the Whales used Mr. Su's patented design.

Ms. Brown notes that Mr. Su was the owner of the TMT companies and
allowed them to use his patents provided they were used with his
approval.

Mr. Su and his family have been in the shipping industry for over
50 years. His family's flagship company was Taiwan Maritime
Transportation Co., Ltd., which is now known as TMT Co., Ltd. or
Today Makes Tomorrow Co. Ltd. Mr. Su took over the management of
the company after his father passed away in 2002. Mr. Su became
known as an innovator in the shipping industry, shares Ms. Brown.

Ms. Brown tells the Court that the buyers of the Whales are
competitors or have ownership in companies which compete with Mr.
Su. He objected to the sale and asserted that the vessels could
not be sold free and clear of his patent rights. Mr. Su also
argued that the marketing was improper, designed to depress the
value of the vessels.

According to Ms. Brown, Mr. Su has been under siege by some of his
competitors in worldwide litigation. It appears to be a collective
effort to attempt to oust and destroy Mr. Su and his companies
from the small group of shipping magnates which have succeeded in
building large market shares in the shipping industry.

Ms. Brown conveys that one of Mr. Su's most litigious adversaries,
Petros Pappas, assessed the Whales for certain credit bidders. In
doing so, he noted that he did not want to compete against the
Whales. Ms. Brown adds that Mr. Pappas has interests in several
shipping companies and reportedly has a joint venture with the
entities related to the debt and credit bid buyers for the D, G
and H Whales. The joint venture was reported a couple months after
TMT's bankruptcy was filed.

In deciding the sale requests, Ms. Brown argues that the Court did
not determine many of the issues related to Mr. Su's patent
rights. Mr. Su asserts that if a sale is allowed it should not
include his patent rights. His patent rights were not property of
the TMT's estates. Mr. Su acknowledges that TMT can sell the
vessels but they cannot sell his property.

TMT and their lenders have contended that the patented technology
provided little value to the vessels. Ms. Brown contends that this
begs the question as to why the underdeck piping was not removed
from the Whales before a sale. The piping then could have been
sold separately as scrap and the issues related to Mr. Su's
patented design and patent rights would have been a non-issue in
the sale process.

Accordingly, Mr. Su asks the Court to stay the sale orders,
prohibiting any sales of the Whales from going forward until the
appeals have been resolved. Alternatively, Mr. Su asks the Court
to stay only the use of the underdeck piping and patents
prohibiting:

   (a) the transfer of the underdeck piping with the Whales by
       requiring the piping to be removed and stored; and

   (b) the transfer of any documents related to the underdeck
       piping design and require that those documents be preserved
       and marked as highly confidential.

                        TMT Objects

William A. Wood III, Esq., at Bracewell & Giuliani LLP, in
Houston, Texas, contends that Mr. Su's jurisdictional and
constitutional arguments miss the point. The Court did not decide
any patent rights; the Court only decided that there was a "bona
fide dispute" as to Mr. Su's patent rights.

Mr. Wood further contends that Mr. Su's alleged irreparable harm
can be compensated with monetary damages, which per se means it is
not irreparable. The balance of harms on appeal, and public policy
favoring bankruptcy asset sales, also weigh heavily against
issuance of stays.

According to Mr. Wood, even if the Court were to consider granting
one or more stays, a bond should be required to protect the estate
against the expenses of maintaining the relevant vessels pending
appeal and the fees and expenses of the appeals. Expenses may
exceed $66 million as a conservative estimate, assuming the
average 18 months it takes to resolve bankruptcy court appeals and
assuming the five appeals are consolidated.

Mr. Su is represented by:

     Deirdre Carey Brown, Esq.
     HOOVER SLOVACEK LLP
     5847 San Felipe, Suite 2200
     Houston, TX 77057
     Telephone: (713) 977-8686
     Facsimile: (713) 735-4135

TMT is represented by:

     William A. (Trey) Wood III, Esq.
     Jason G. Cohen, Esq.
     BRACEWELL & GIULIANI LLP
     711 Louisiana, Suite 2300
     Houston, Texas 77002
     Telephone: (713) 223-2300
     Facsimile: (713) 221-1212
     E-mail: Trey.Wood@bgllp.com
             Jason.Cohen@bgllp.com

          - and -

     Evan Flaschen, Esq.
     Ilia M. O'Hearn, Esq.
     BRACEWELL & GIULIANI LLP
     Goodwin Square
     225 Asylum Street, Suite 2600
     Hartford, CT 06103
     Telephone: (860) 947-9000
     Facsimile: (860) 246-3201
     E-mail: Evan.Flaschen@bgllp.com
             Ilia.O'Hearn@bgllp.com

                           About TMT Group

Known in the industry as TMT Group, TMT USA Shipmanagement LLC and
its affiliates own 17 vessels.  Vessels range in size from
approximately 27,000 dead weight tons (dwt) to approximately
320,000 dwt.

TMT USA and 22 affiliates, including C. Ladybug Corporation,
sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 13-
33740) in Houston, Texas, on June 20, 2013 after lenders seized
seven vessels.

TMT filed a lawsuit in U.S. bankruptcy court aimed at forcing
creditors to release the vessels so they can return to generating
income.

TMT has tapped attorneys from Bracewell & Giuliani LLP as
bankruptcy counsel and AlixPartners as financial advisors.

On a consolidated basis, the Debtors have $1.52 billion in assets
and $1.46 billion in liabilities.


TMT USA: Ask Court to Clarify Matters Regarding Su Complaints
-------------------------------------------------------------
TMT Procurement Corporation and its affiliates seek clarification
from the Bankruptcy Court concerning complaints filed by Hsin Chi
Su against them in District Court.

The Bankruptcy Court had approved the sale of several of TMT's
Whale vessels. Mr. Su appealed the sale, and a stay of those
orders pending appeal was denied by the Bankruptcy Court, the
District Court, and the Fifth Circuit Court of Appeals. Mr. Su's
appeals are now pending before the District Court.

All sales of the Whale vessels have closed.

In a supplemental order, the Bankruptcy Court clarifies that the
sale orders do "not authorize any person, purchaser, successor or
assign to incorporate or utilize any patented technology in any
other vessel or thing."

On August 8, 2014, TMT was informed that Mr. Su has now sued the
lenders for each of the Whale vessels in the United States
District Court for the Southern District of Texas. Mr. Su is
seeking a declaratory judgment that "the Bankruptcy Case has no
effect as to his patent rights and specifically that Mr. Su may
protect his patent rights as allowed by law by, among other
things, suing future patent infringers . . . [and] Alternatively,
. . . finding that Plaintiff is entitled to the monetary value of
the loss of his intellectual property rights as defined above in
the amount of no less than $100 million, plus interest at a rate
of 8.25%."

William A. Wood III, Esq., at Bracewell & Giuliani LLP, in
Houston, Texas, points out that Mr. Su did not first file the Su
Complaints in the Bankruptcy Court and then seek withdrawal of the
reference if he believed that the District Court was the
appropriate forum.

Mr. Wood argues that, while ambiguous, the Su complaints could be
interpreted as a collateral attack on the Bankruptcy Court's sale
orders. The Su Complaints could be interpreted as seeking factual
findings that, upon any separate claims made by Mr. Su for
damages, Mr. Su might assert as binding against TMT.

Mr. Su did not provide any notice to TMT of the filings, notes Mr.
Wood.

Accordingly, TMT ask the Bankruptcy Court to clarify on these
matters:

   (a) TMT are concerned as to whether it was proper to file the
       Su complaints directly with the District Court. All matters
       in connection with a bankruptcy case have automatically
       been referred to the Bankruptcy Court. Even in instances
       where a party asserts that the Bankruptcy Court does not
       have jurisdiction or that the reference should be withdrawn
       for other reasons, the normal procedure is for the litigant
       to first commence its proceedings in the Bankruptcy Court
       and then to seek withdrawal of the reference.

   (b) The Su complaints appear to regurgitate the same failed
       arguments presented to the Bankruptcy Court. TMT do not
       believe that it is appropriate for Mr. Su to seek District
       Court permission to take any actions that are inconsistent
       with the Bankruptcy Court's orders other than via appeal of
       the sale orders. TMT seek clarification as to either (i)
       why their interpretation is erroneous or (ii) if the
       interpretation is accurate, why it was proper for Mr. Su to
       collaterally attack the Bankruptcy Court's orders by filing
       the complaints directly with the District Court.

   (c) Under the sale orders, any monetary claims that Mr. Su may
       have against TMT remain with the Bankruptcy Court for
       future adjudication. TMT have not moved to intervene in the
       District Court with respect to the Su complaints. TMT seek
       clarification that Mr. Su will not be permitted to attempt
       to use any monetary award he might obtain against a lender
       as binding or persuasive authority with respect to any
       monetary damages he may seek in the Bankruptcy Court
       against TMT.

TMT further ask the Bankruptcy Court to require Mr. Su to provide
them with contemporaneous notice of, and copies of all pleadings
filed in connection with, the Su complaints and any other
litigation Mr. Su may commence anywhere in the world with respect
to his asserted patent rights.

Mr. Wood explains that it may well be that other litigation has no
effect on TMT's estates, but they have no way of confirming
without receipt of notice.

                           About TMT Group

Known in the industry as TMT Group, TMT USA Shipmanagement LLC and
its affiliates own 17 vessels.  Vessels range in size from
approximately 27,000 dead weight tons (dwt) to approximately
320,000 dwt.

TMT USA and 22 affiliates, including C. Ladybug Corporation,
sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 13-
33740) in Houston, Texas, on June 20, 2013 after lenders seized
seven vessels.

TMT filed a lawsuit in U.S. bankruptcy court aimed at forcing
creditors to release the vessels so they can return to generating
income.

TMT has tapped attorneys from Bracewell & Giuliani LLP as
bankruptcy counsel and AlixPartners as financial advisors.

On a consolidated basis, the Debtors have $1.52 billion in assets
and $1.46 billion in liabilities.


TWEETER HOME: Creditors' Committee, Bose Settlement Filed
---------------------------------------------------------
BankruptcyData reported that Tweeter Home Entertainment Group's
official committee of unsecured creditors filed with the U.S.
Bankruptcy Court a motion, pursuant to Bankruptcy Code Section 105
and Bankruptcy Rule 9019(a), for approval of a settlement
agreement among the committee, on behalf of the Debtors' estates,
and Bose Corporation.

According to BData, the motion explains, "The settlement resolves
the claims filed by Bose. Pursuant to the proposed settlement, the
Debtors' estates and creditors will benefit on account of the
settlement without the expense or risks of litigation. Certain
salient provisions of the Settlement Agreement include the
following: Bose's Claims shall be treated as follows (a) claim
number 593 shall be treated as an Allowed General Unsecured Claim
in the amount of $264,819.67, which claim shall be paid on a pro
rata basis with other Allowed General Unsecured Claims in the
Bankruptcy Cases, (b) claim number 2172 shall be treated as an
Allowed General Unsecured Claim in the amount of $350,000, which
claim shall be paid on a pro rata basis with other Allowed General
Unsecured Claims in the Bankruptcy Cases, and (c) Bose will waive
and release all other claims against the Debtors, including but
not limited to claims numbered 32, 33, 564, 565, 566, 594 and
596....Pursuant to the settlement, Bose's 503(b)(9) Claims filed
in the aggregate amount of $1,934,347.84, including duplicate
claims filed against multiple Debtors, will be treated as a single
Allowed General Unsecured Claim in the amount of $264,819.67. In
addition, Bose's claim number 2172, which claim the Committee does
not dispute, will be allowed in full as a General Unsecured
Claim."

                          About Tweeter Home

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- sold mid-to high-end audio and
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case Nos. 07-10787 through 07-10796).  Gregg M.
Galardi, Esq., Mark L. Desgrosseilliers, Esq., and Sarah E.
Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP,
represented the Debtors.  Kurtzman Carson Consultants LLC acted as
the Debtors' claims and noticing agent.

Bruce Grohsgal, Esq., William P. Weintraub, Esq., and Rachel Lowy
Werkheiser, Esq., at Pachulski Stang Ziehl & Jones LLP; and Scott
L. Hazan, Esq., Lorenzo Marinuzzi, Esq., and Todd M. Goren, Esq.,
at Otterbourg, Steindler, Houston & Rosen, P.C., represented the
Official Committee of Unsecured Creditors.

As of Dec. 21, 2006, Tweeter had total assets of $258,573,353 and
total debts of $190,417,285.

Tweeter Home Entertainment Group filed with the U.S. Bankruptcy
Court a Chapter 11 Plan of Liquidation and related Disclosure
Statement in October of 2012.


USMART MOBILE: Needs More Time to File 10-Q
-------------------------------------------
USmart Mobile Device Inc. filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the period
ended June 30, 2014.

"We are unable to file our Form 10-Q for the period ended June 30,
2014 on a timely basis due to the Company requiring additional
time to work internally with its staff to prepare and finalize the
Quarterly Report," the Company explained.

                         About USmart Mobile

Del.-based USmart Mobile, previously known as ACL Semiconductors
Inc., is currently engaged in the production, manufacturing and
distribution of smartphones, electronic products and components in
Hong Kong Special Administrative Region and the People's Republic
of China through its operating subsidiaries.

USmart Mobile reported a net loss of $13.8 million on $72.2
million of net sales for the year ended Dec. 31, 2013, as compared
with a net loss of $4.86 million on $161 million of net sales for
the year ended Dec. 31, 2012.

Albert Wong & Co. LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that the
Company's financial statements are prepared using the generally
accepted accounting principles applicable to a going concern,
which contemplates the realization of assets and liquidation of
liabilities in the normal course of business.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


VERIS GOLD: Posts Net Loss of $8.1 Million in Second Qtr.
---------------------------------------------------------
Veris Gold Corp. on Aug. 15 reported its unaudited interim
financial and operational results for the second quarter ended on
June 30, 2014 on August 15, 2014.

All dollar amounts are expressed in United States Dollars unless
otherwise specified.

Creditor Protection Proceedings

On June 3, 2014, the Company received Notices of Early Termination
Date from Deutsche Bank AG London Branch ("DB") requiring the
Company to make payments totaling $89.4 million under the terms of
the Senior Secured Gold Forward Facility the Company and DB
entered into in 2011 and 2012.  Failing to make payments by June
9, 2014 would have allowed DB to take such steps as necessary to
enforce its rights against the Company.  On June 9, 2014 the
Company sought protection under the Companies' Creditors
Arrangement Act ("CCAA") in the Supreme Court of British Columbia
(the "Court") and the Court issued an order granting the Company's
application for creditor protection.  The Company also filed a
Chapter 15 case in the United States Bankruptcy Court for the
District of Nevada (the "US Court").  The US Court issued an
interim order granting provisional relief under Section 1519 of
the United States Bankruptcy Code and subsequently entered a
formal order on July 23, 2014 with respect to such provisional
relief.

The protections in both proceedings (the "Creditor Protection
Proceedings") have currently been extended to (i) September 4,
2014 for the CCAA proceeding and (ii) August 29, 2014 for the
Chapter 15 case, when a hearing on the application for recognition
of the CCAA proceeding is currently scheduled.  The Company and DB
have negotiated an interim agreement, which was approved by the US
Court on August 6, 2014, and are in the process of negotiating a
final agreement to be approved by the US Court, which will be
documented in a final Cash Collateral Order.  During the Creditor
Protection Proceedings, the Company continues its daily operations
while pursuing a restructuring through a plan of compromise and
arrangement (the "Plan").  The Plan will involve a restructuring
of the Company's current liabilities and will be subject to
creditors' vote and the approval of both the Court and US Court.

Exchange Listing

Trading in the Company's common stock on the Toronto Stock
Exchange ("TSX") was halted on June 9, 2014, and the Company's
common stock was subsequently delisted on July 18, 2014.  The
delisting was a direct result of the CCAA proceeding and the
Company is currently not exploring alternative listings at this
time as the listed securities would likely continue to be
suspended under the new listing.  Upon completion of the Creditor
Protection Proceedings, the Company will evaluate options to
relist on the TSX or other possible exchanges.

Operational Highlights for Q2-2014 include:

44,295 payable ounces were produced in the second quarter of 2014
("Q2-14"), representing a 17% increase from the 38,018 ounces
produced in the three month period ending June 30, 2013 ("Q2-13");
40,795 ounces were sold in Q2-14, an 11% increase from the 36,590
ounces sold in Q2-13 primarily due to the increased processing of
higher grade stockpiled ore built up during recent shutdowns,
supplemented with high grade ores from the three underground mine
operations and improved overall mill recoveries;

Revenue in Q2-14 was $53.4 million compared to $46.6 million in
Q2-13, driven by an 11% increase in the number of gold ounces sold
offset by a 7% decrease in the average price-per-ounce of gold
sold in Q2-14 compared to Q2-13 and a $0.9 million reduction in
toll milling revenue;

Total mine production for Q2-14 was 198,156 tons containing an
estimated 34,248 ounces of gold, a 27% decline from the 271,880
tons mined in Q2-13 and a 19% decline in contained ounces of gold
compared with 42,094 ounces mined in Q2-13.  The primary
contributor to the reduction in tons arose from transitioning the
mining of the SSX-Steer mine to Small Mine Development ("SMD") on
June 1, 2014 but also as a result of supply shortages, primarily
cement used in backfill, as a result of the commencement of the
Creditor Protection Proceedings;

The Jerritt Canyon roaster processing facility achieved total
average throughput of 3,366 tons per day ("TPD") in Q2-14, 7% less
than the 3,611 TPD achieved in Q2-13.  The lower average tonnage
processed resulted from the gradual restart of operations after
the 21 day mill maintenance shutdown in March 2014 as well as
difficulties in processing the higher work index ore for Newmont
Mining USA Ltd. ("Newmont") in May and June.  Processing rates
were also impacted by shortages of supply which occurred at the
commencement of the Creditor Protection Proceedings;
Development of Saval 4, the fourth underground mine at Jerritt
Canyon, recommenced late in Q2-14, with pre-production occurring
in July and August.  Using existing equipment and crews, the
Company plans to mine Saval 4 at a rate between 250 and 300 TPD.
Commercial production is expected to be achieved late in the third
quarter of 2014; and

The Company had a net loss of $8.1 million during Q2-14, a $14.0
million decline from the net income of $5.9 million in Q2-13.  The
increased loss in 2014 is primarily the result of a $1.8 million
increase in depreciation and depletion ("D&D") driven by the
commissioning of both the Starvation Canyon mine and the second
tailing facility in mid-2013, a $0.5 million decrease in gross
margin resulting from lower average realized gold prices
(Q2-2014 - $1,288 per ounce, Q2-2013 - $1,388 per ounce) and lower
toll milling revenues, and a $3.0 million increase in interest
expense due primarily to the recognition of $2.7 million in
interest on the Senior Secured Gold Forward Facility (previously a
non-financial gold forward and now a financial instrument recorded
at amortized cost using the effective interest method).  As well,
Q2-2013 recognized a $12.2 million gain on fair value adjustments
related to warrants and forward gold liabilities compared with
only a $2.3 million gain recognized in Q2-2014.

Gold Sales/Revenue

For Q2-14, the Company realized gold sales of $52.5 million on the
sale of approximately 40,795 ounces of gold, this compares to
$44.9 million on sales of approximately 36,590 ounces of gold sold
in Q2-13.  The primary driver of the increased revenue in Q2-14
versus Q2-13 was an 11% increase in the number of gold ounces sold
offset by a 7% decline in the market price for gold.  The Company
had $0.8 million in toll milling revenue in Q2-14 compared with
$1.7 million in toll milling in Q2-13 as the Company maintained a
focus on allocating the majority of available milling capacity to
process the Company's increased high grade ore stockpiles which
were generated during the December 2013 and March 2014 mill
shutdowns.

Gross Margins before D&D

In Q2-14, the Company had a Gross Margin before D&D of $4.0
million compared to $4.5 million in Q2-13.  As previously
discussed, this $0.5 million decrease was primarily driven by a 7%
decrease in average gold price from sales during the quarter and a
52% decline in toll milling revenues offset by an 11% increase in
the gold ounces sold.  As well, cash costs per ounce for the
quarter rose to $1,209 per ounce compared with $1,152 per ounce in
the comparable period 2013, or a $7.2 million (17%) increase from
$42.1 million in Q2-13 primarily resulting from increased mining
costs.  The increased mining cost resulted primarily from higher
per ton costs in the SSX-Steer mine resulting from lower
production rates as a result of low equipment availability and
subsequent transitioning to contract mining in June 2014, as well
as lower production rates in all three mines due to lower
availability of cement and other materials needed for steady state
mining primarily as a result of the Company commencing the
Creditor Protection Proceedings in June.  In contrast with 2013,
this quarter the Company recognized a full quarter of Starvation
Canyon mine costs in the operating results (as April and May of
2013 Starvation Canyon mine costs continued to be capitalized)
although this is offset partially on a per ton basis as a result
of the improved productivity from that mine.

Jerritt Canyon Underground Mining Overview

The Company mined a total of 198,156 tons in the Q2-14, containing
an estimated 34,248 ounces.  This mining production represents a
27% decline from 271,880 tons of mine production in Q2-13; and is
a 19% decrease in the estimated 42,094 ounces mined in Q2-13.  As
mentioned above, the majority of this reduced mine production
occurred from downtime during a transition to contract mining at
the Company's SSX mine as well as supply shortages resulting from
interruptions in supply at the commencement of the Creditor
Protection Proceedings.

From the Smith Mine SMD delivered approximately 81,078 tons of ore
containing an estimated 13,729 ounces of gold from the Smith mine
for Q2-14.  This represents mine production of 891 TPD in Q2-14,
below the targeted 1,200 TPD.  This is a decrease of mined ore
from the Smith mine from Q2-13, which was 137,978 tons mined,
containing an estimated 18,778 ounces, an average of 1,516 TPD for
that quarter.  The estimated average blended grade achieved at the
Smith mine was 0.17 ounces-per-ton ("OPT") in Q2-14, an increase
from the 0.14 OPT achieved in Q2-13.

The second quarter of 2014 marked the fourth complete quarter of
full mine production from the Starvation Canyon mine which opened
in the Q2-13.  In Q2-14 approximately 82,862 tons of ore was mined
containing an estimated 15,444 ounces, an average grade of 0.19
OPT.  This mining rate translates to over 911 TPD for the quarter
above the 700 TPD that was targeted.  This is an increase of mined
ore from the 47,390 tons mined in Q2-13 containing an estimated
8,630 ounces from Starvation Canyon mine, an average of 521 TPD
for that quarter.  The Company continues to explore opportunities
to increase future production levels from Starvation Canyon.
The SSX-Steer Mine produced 34,216 tons for Q2-14, containing an
estimated 5,075 ounces, compared with 86,512 tons mined in Q2-13
containing an estimated 14,686 ounces, representing a 60% and 65%
decline in production, respectively.  The estimated Au grade
achieved from the Q2-14 production was 0.15 OPT which was lower
than that achieved in Q2-13 at 0.17 OPT.  Prior to the
interruption arising from the transition to contract mining in
June 2014, the operations experienced a decline in performance as
a result of low equipment availability (lack of parts) and
necessary mine supplies required for backfill and development.
During the month of June SMD prioritized the required backfill and
development needed limiting overall production during that period.

Jerritt Canyon Processing Overview

The Jerritt Canyon roaster facility processed approximately
306,285 tons in Q2-14, a 7% decrease from the approximately
328,606 tons processed through the roasters in Q2-13.  The
decrease in mill throughput in Q2-14 compared to Q2-13 arose
primarily due to the slow startup after the 21 day maintenance
shutdown in March, 2014 and also from the processing of higher
work index third party ores.  Future third party ore deliveries
will be closer in nature to those more suitable for the Jerritt
Canyon roaster processing facility and will not have a significant
impact on operations.  Processing rates in June were also hampered
by a slowdown in the provision of materials and supplies,
including reagents, as a result of the Creditor Protection
Proceedings commenced on June 9, 2014.  The supplies have
normalized subsequently and tonnage rates have returned to normal
operating levels in the third quarter.

Outlook
As a result of the events leading up to, and including, the
initiation of the Creditor Protection Proceedings, the Company has
significantly curtailed non-essential capital expenditures.  With
limited liquidity available during the Creditor Protection
Proceedings, the Company is limiting capital expenditures and does
not expect to have an active capital program beyond required
expenditures for sustaining production and maintaining
environmental compliance unless and until the Company successfully
emerges from the Creditor Protection Proceedings.

Despite the operational setbacks and lack of available liquidity,
the Company believes it can sustain production levels between
approximately 145,000 an 155,000 ounces from its three existing
underground mines (including Starvation Canyon mine) with
potential increases coming from the fourth new mine, Saval 4, with
initial production targeted in the third quarter of 2014.  To
supplement the ores from the property, the Company has an existing
toll milling agreement with Newmont to process up to 45,000 tons
per month which extends to December 31, 2014, adding incremental
revenues and cash flows to the Jerritt Canyon operation.

QP and Quality Control

Assaying of all mine production drill holes and muck samples from
the three operating mines reported in this news release were
conducted by the Jerritt Canyon Assay Lab using standard fire
assay techniques and includes a Quality Assurance and Quality
Control (QA/QC) program.  The company's current QA/QC protocols
are similar to those done in previous years which are available at
the Company's website:
http://www.verisgold.com/i/pdf/JC_Assay_Protocols.pdfand include
using certified standard reference materials and a certified assay
lab (ISO 9001:2008) for check assays.

The information contained in this news release has been reviewed
and approved by the Company's Vice President of Exploration, Todd
Johnson, P.E., (Qualified Person per the requirements of NI 43-
101).

                     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.


VERITY CORP: Delays Form 10-Q Filing, Sees $349,000 Q3 Loss
-----------------------------------------------------------
Verity Corp. filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the period ended
June 30, 2014.  The Company said the compilation, dissemination
and review of the information required to be presented in the Form
10-Q for the relevant fiscal quarter has imposed time constraints
that have rendered timely filing of the Form 10-Q impracticable
without undue hardship and expense to the Company.  The Company
undertakes the responsibility to file that quarterly report no
later than 5 days after its original due date.

Verity Corp's loss for the three months ended June 30, 2014, is
approximately $349,000 as compared to a loss of $477,522 for the
three months ended June 30, 2013.

Verity Corp's loss for the nine months ended June 30, 2014, is
approximately $1,023,000, as compared to a loss of $ 7,024,750,
for the nine months ended June 30, 2013.  The nine months ended
June 30, 2013 loss included impairment of goodwill of $ 5,943,533.

                            About Verity

Sioux Falls, South Dakota-based Verity Corp., formerly AquaLiv
Technologies, Inc., is the parent of Verity Farms II, Inc.,
Aistiva Corporation (formerly AquaLiv, Inc.).  Verity Farms II is
dedicated to providing consumers with safe, high-quality and
nutritious food sources through sustainable crop and livestock
production.  Aistiva's technology alters the behavior of
organisms, including plants and humans, without chemical
interaction.  Aistiva's platform technology influences biological
processes naturally and without chemical interaction.  To date,
Aistiva has released products in the industries of water
treatment, skincare, and agriculture.

Verity Corp. reported a net loss attributable to the Company of
$7.59 million for the year ended Sept. 30, 2013, as compared with
a net loss attributable to the Company of $623,079 during the
prior fiscal year.

Bongiovanni & Associates, CPA's, in Cornelius, North Carolina,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Sept. 30, 2013.  The
independent auditors noted that the Company has suffered recurring
losses, has negative working capital, and has yet to generate an
internal net cash flow that raises substantial doubt about its
ability to continue as a going concern.


VIRGINIA KERN: Case Summary & 2 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Virginia Kern, LLC
        188 North Holliston Avenue, Suite 201
        Pasadena, CA 91106

Case No.: 14-25728

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 15, 2014

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

Judge: Hon. Neil W. Bason

Debtor's Counsel: Tamar Terzian, Esq.
                  TERZIAN LAW GROUP
                  315 W Arden Ave Suite 28
                  Glendale, CA 91203
                  Tel: 818-242-1100
                  Fax: 818-242-1012
                  Email: terzian@kingobk.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mehran Romi Baghgegian,
president/manager.

A list of the Debtor's two largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb14-25728.pdf


VIVA ALAMO: S&P Assigns 'BB-' Rating on $565-Mil. Secured Loans
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' rating to
Viva Alamo LLC's $515 million secured term loan B and $50 million
senior secured revolving credit facility.  S&P also assigned its
'1' recovery rating to the term loan and the facility, indicating
very high (90% to 100%) recovery under a default scenario.  The
outlook is stable.

The seven-year term loan is priced at LIBOR + 375, with a 1% LIBOR
floor.  The transaction backs Blackstone's $685 million purchase
of three gas-fired power plants in Texas from Direct Energy.  With
the borrowing at Viva Alamo LLC, sponsor equity has decreased to
$203 million.  The transaction also includes a $50 million, five-
year revolving credit facility, which a maximum-net-leverage test
governs.

The portfolio consists of three combined-cycle gas turbine
facilities (Bastrop, Frontera, and Paris) totaling 1,295 MW in the
North and South regions of the Electric Reliability Council of
Texas market.  Through February 2017, the facilities will sell
100% of their capacity under heat rate call option agreements to
Energy America LLC, a division of Direct Energy, and will get
support from a parent guarantee from Centrica. Competitive Power
Ventures Inc., an experienced manager of merchant gas-fired power
plants in the U.S., manages the project's assets, and NAES Corp.
operates the facilities.  NAES is the largest global provider of
third-party power plant operations.  In addition, NAES has hired
the staff that operated the facilities under Direct Energy's
ownership.

The outlook is stable.  Relatively small projects of this type
normally have a rating no higher than 'BB'.  A rating upgrade, not
under consideration until 2017, could occur if operational
performance through the forecast period enables deleveraging of
the portfolio by 20%, and there is visibility into merchant
pricing that will likely to support DSCR levels of about 2.5x.
Conversely, a ratings downgrade could occur if operational issues
emerge that result in DSCRs declining to 1.7x.  In the merchant
period, S&P could lower ratings if DSCR levels are below 2x,
and/or debt pay-down lags, and refinancing leverage levels are
expected to be above $250 per kilowatt.


WALTER ENERGY: S&P Raises CCR to 'CCC+'; Outlook Negative
---------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Birmingham, Ala.-based Walter Energy Inc. to
'CCC+' from 'SD'.  The outlook is negative.

At the same time, S&P raised its issue-level rating on the
company's 9.875% senior unsecured notes due 2020 to 'CCC-' from
'D'.  The recovery rating on the notes remains '6', indicating
S&P's expectation of negligible recovery (0% to 10%) in the event
of payment default.

"The negative outlook reflects our expectation that weak met coal
market conditions will persist, which will pressure the company's
liquidity position," said William Ferara.  "We also expect very
weak credit measures in 2014, with debt leverage above 20x and
EBITDA interest coverage of less than 1x in 2014."

S&P believes the company's capital structure is likely
unsustainable in the long-term absent an improvement in met coal
prices.  S&P could lower its rating if met coal prices further
deteriorated, liquidity became further constrained, or negative
cash flow from operations were sustained.  S&P could also lower
the rating if the company were to risk a breach of its financial
covenant.  This could occur if the company needed to draw more
than 30% on its revolving credit facility.

S&P could revise the outlook to stable if market conditions
improved and leverage began to trend toward 10x, with EBITDA
interest coverage comfortably of about 1.25x.  This is highly
unlikely, in our view, to occur over the next few quarters.


* Firm Suing 270 Debtors Daily Accused of High-Speed Errors
-----------------------------------------------------------
Patrick G. Lee, writing for Bloomberg News, reported that the
Consumer Financial Bureau has filed a lawsuit against Frederick J.
Hanna & Associates P.C., marking the bureau's first enforcement
attempt against debt-collection law firms, which make money by
suing debtors in court, often on behalf of firms that bought the
debts from banks for pennies on the dollar.  According to the
report, the bureau's suit alleges that Hanna churns out hundreds
of lawsuits each day -- many against consumers who don't owe money
or owe a different amount.  Hanna's lawyers violated the law by
filing suits throughout Georgia without verifying facts, the
bureau alleges, relying instead on an automated system and
hundreds of non-lawyer staff, the report related.


* Bitcoin's Price Sinks but Cases Little Alarm Among Traders
------------------------------------------------------------
Sydney Ember, writing for The New York Times' DealBook, reported
that the price of Bitcoin dropped 12% to $435.60 from $492.95 on
Aug. 18, but those familiar with Bitcoin shrugged off the latest
price movement, which they said was well within the typical range
for the currency.  According to the report, the price, on Aug. 18,
also briefly plunged to $309 on BTC-e, an exchange with shadowy
backing, although it may have been the result of a glitch and the
price quickly recovered to where it was trading before.

The DealBook said Bitcoin's price has been trending downward in
recent weeks, but the latest decline after a period of relative
stability comes as new regulations and general stock market
malaise have taken hold.  New York State's proposed regulation of
virtual currency companies, the Consumer Financial Protection
Bureau's recent warning against digital money and the Bitcoin
market's lack of liquidity may all have contributed to the recent
drop, the DealBook related, citing experts.


* New York Regulator Announces Settlement With PwC
--------------------------------------------------
Ben Protess, writing for The New York Times' DealBook, reported
that New York State's financial regulator announced a settlement
deal with the giant consulting firm PricewaterhouseCoopers,
capping an investigation into the firm's cozy ties with Bank of
Tokyo-Mitsubishi UFJ, one of the world's biggest banks.  According
to the report, the PwC will pay a $25 million fine and will be
prevented from letting its regulatory consulting unit from
performing certain assignments on behalf of New York-regulated
banks for two years.  The report related that in 2007, as the bank
was facing regulatory scrutiny for doing business with countries
blacklisted by the United States, it hired PwC to conduct a review
of transactions with Iran and other sanctioned countries,
including some transfers routed through its New York branch.


* Private Equity Firms Agree to Settle Lawsuit on Collusion
-----------------------------------------------------------
William Alden, writing for The New York Times' DealBook, reported
that Kohlberg Kravis Roberts, Blackstone Group, and TPG, have
agreed to pay a combined $325 million to settle accusations that
they colluded with one another to drive down the prices of
corporate takeover targets.  According to the report, the three
firms have agreed to settle all claims without admitting
wrongdoing, and they will decide among themselves how to split up
the payment.


* Car Loans Found to Lead to Bankruptcy
---------------------------------------
The Editorial Board of The New York Times reported that the
federal government must do to the auto lending industry what it
did to the mortgage industry after a recent report found that
ruinously priced loans carried interest rates that sometimes
exceeded 23 percent, which leads some borrows into bankruptcy.  A
full-text copy of the editorial is available at
http://is.gd/m3rEAO


* Argentina Appeals to White House In Sovereign Debt Crisis
-----------------------------------------------------------
Law360 reported that Argentina's government reportedly appealed to
the White House to rein in what it sees as overreach from the
federal judge handling its dispute with hedge funds holding around
$1.5 billion in government bonds, while denying speculation that
it is seeking a rescue from the Argentine banking sector.
According to the report, the appeal follows U.S. District Judge
Thomas P. Griesa's threat to hold Argentina in contempt of court
if it continues making ?false and misleading? public
pronouncements about its sovereign debt crisis.

                        *     *     *

The Troubled Company Reporter, on Aug. 8, 2014, reported that
Moody's Latin America Agente de Calificacion de Riesgo has
affirmed the deposit, debt, issuer and corporate family ratings on
Argentina's banks and financial institutions, both on the global
and national scales. The outlook on these ratings has been changed
to negative from stable. At the same time, the rating agency has
affirmed the banks' Caa2 foreign-currency deposit ratings and Not-
Prime short-term ratings. The banks' standalone E financial
strength ratings corresponding to caa1 baseline credit assessments
(BCA) have also been affirmed.

The TCR, on Aug. 6, 2014, also reported that DBRS Inc. has
downgraded Argentina's long-term foreign currency issuer rating
from CC to Selective Default (SD).  The short-term foreign
currency rating has been downgraded to Default (D), from R-5.  The
long-term and short-term local currency issuer ratings have been
confirmed at B (low) and R-5, respectively.  The trend on the
long-term local currency rating is Negative, and the trend on the
short-term local currency rating is Stable.


* Combined Defaults and Deferrals Decreased in July, Fitch Says
---------------------------------------------------------------
According to the latest index results published by Fitch Ratings,
the number of combined defaults and deferrals for U.S. bank TruPS
CDOs has decreased to 22.7% at the end of July compared with 22.9%
at the end of June.

In July, seven banks deferring interest on a total notional of
$65.6 million in 14 CDOs cured.  Three of these banks, or $26.5
million in notional, were due to reach the end of the maximum
allowable five-year deferral period in 2014.

One issuer representing $5 million in collateral deferred interest
on its TruPS in July.  There were no new defaults in July.
However, a defaulted issuer with total notional of $15 million
from two CDOs has been sold out of the portfolios at 8% recovery.

Across 78 Fitch-rated TruPS CDOs, 231 bank defaulted issuers
remain in the portfolio, representing approximately $6.3 billion
of collateral.  Additionally, 197 issuers are currently deferring
interest payments on $2.3 billion of collateral.


* Consumer Credit in U.S. Rises on Demand for Car, Student Loans
----------------------------------------------------------------
Lorraine Woellert, writing for Bloomberg News, reported that
consumer borrowing rose in June as American households took out
auto and student loans.  According to the report, the $17.3
billion increase in consumer credit followed a $19.6 billion May
advance, the Federal Reserve reported on Aug. 8 in Washington.
Non-revolving loans, including borrowing for cars and college
tuition, climbed $16.3 billion, the report said.


* FICO Recalibrates Its Credit Scores
-------------------------------------
Annamaria Andriotis, writing for The Wall Street Journal, reported
that Fair Isaac Corp. said it will stop including in its FICO
credit-score calculations any record of a consumer failing to pay
a bill if the bill has been paid or settled with a collection
agency.  The company, according to the Journal, also will give
less weight to unpaid medical bills that are with a collection
agency, following months of discussions with lenders and the
Consumer Financial Protection Bureau aimed at boosting lending
without creating more credit risk.  The changes are expected to
boost consumer lending, especially among borrowers shut out of the
market or charged high interest rates because of their low scores,
the report related.


* Lewis Brisbois Adds Commercial Litigation Pro to SF Office
------------------------------------------------------------
Law360 reported that Lewis Brisbois Bisgaard & Smith LLP said it
has added to the ranks of its San Francisco office a commercial
litigation and corporate expert who returned to law after racking
up credits in movies like "Scarface" and TV shows such as
"M*A*S*H" and "Dallas."  According to the report, Dennis Holahan
focuses his practice on entertainment and business-related
litigation, transactional work for the entertainment industry, and
business financial contracts and bankruptcy litigation.

Mr. Holahan may be reached at:

         Dennis J. Holahan, Esq.
         LEWIS BRISBOIS BISGAARD & SMITH LLP
         333 Bush Street
         Suite 1100
         San Francisco, CA 94104
         Tel: (415) 438-5917
         Fax: (415) 434-0882
         Email: Dennis.Holahan@lewisbrisbois.com


* Large Companies With Insolvent Balance Sheet
----------------------------------------------

                                               Total
                                              Share-      Total
                                    Total   Holders'    Working
                                   Assets     Equity    Capital
  Company         Ticker             ($MM)      ($MM)      ($MM)
  -------         ------           ------   --------    -------
ABSOLUTE SOFTWRE  ABT CN            118.9       (8.4)       1.0
ABSOLUTE SOFTWRE  OU1 GR            118.9       (8.4)       1.0
ABSOLUTE SOFTWRE  ALSWF US          118.9       (8.4)       1.0
ACHAOGEN INC      AKAO US            13.8       (0.0)       2.1
ACTINIUM PHARMAC  ATNM US             6.6      (13.5)     (13.5)
ADVANCED EMISSIO  ADES US           106.4      (46.1)     (15.3)
ADVANCED EMISSIO  OXQ1 GR           106.4      (46.1)     (15.3)
ADVENT SOFTWARE   ADVS US           452.2      (86.0)     (99.3)
ADVENT SOFTWARE   AXQ GR            452.2      (86.0)     (99.3)
AEMETIS INC       AMTX US            99.4       (4.2)     (14.6)
AEROHIVE NETWORK  HIVE US            69.1       (5.2)      26.7
AIR CANADA-CL A   ADH GR         10,522.0   (1,822.0)    (226.0)
AIR CANADA-CL A   ADH TH         10,522.0   (1,822.0)    (226.0)
AIR CANADA-CL A   AIDIF US       10,522.0   (1,822.0)    (226.0)
AIR CANADA-CL A   AC/A CN        10,522.0   (1,822.0)    (226.0)
AIR CANADA-CL B   AIDEF US       10,522.0   (1,822.0)    (226.0)
AIR CANADA-CL B   AC/B CN        10,522.0   (1,822.0)    (226.0)
ALDER BIOPHARMAC  ALDR US            16.6      (37.2)      (8.4)
ALLIANCE HEALTHC  AIQ US            468.1     (131.0)      59.7
AMC NETWORKS-A    AMCX US         3,685.9     (396.1)     689.3
AMER RESTAUR-LP   ICTPU US           33.5       (4.0)      (6.2)
AMYLIN PHARMACEU  AMLN US         1,998.7      (42.4)     263.0
AMYRIS INC        AMRS US           236.8     (112.5)      33.5
ANGIE'S LIST INC  ANGI US           128.4      (36.6)     (54.9)
ANGIE'S LIST INC  8AL GR            128.4      (36.6)     (54.9)
ANGIE'S LIST INC  8AL TH            128.4      (36.6)     (54.9)
ARRAY BIOPHARMA   ARRY US           135.2      (23.3)      72.2
ASPEN AEROGELS I  ASPN US            88.2      (80.7)      (5.2)
AUTOZONE INC      AZ5 GR          7,371.8   (1,808.2)  (1,016.1)
AUTOZONE INC      AZ5 TH          7,371.8   (1,808.2)  (1,016.1)
AUTOZONE INC      AZO US          7,371.8   (1,808.2)  (1,016.1)
BERRY PLASTICS G  BERY US         5,419.0     (118.0)     654.0
BIOCRYST PHARM    BO1 TH             43.4       (5.7)      22.0
BIOCRYST PHARM    BO1 GR             43.4       (5.7)      22.0
BIOCRYST PHARM    BCRX US            43.4       (5.7)      22.0
BRP INC/CA-SUB V  DOO CN          2,019.7      (17.0)     172.7
CABLEVISION SY-A  CVY GR          6,701.1   (5,133.2)     338.4
CABLEVISION SY-A  CVC US          6,701.1   (5,133.2)     338.4
CABLEVISION-W/I   8441293Q US     6,701.1   (5,133.2)     338.4
CABLEVISION-W/I   CVC-W US        6,701.1   (5,133.2)     338.4
CADIZ INC         CDZI US            57.9      (45.6)       4.7
CAESARS ENTERTAI  CZR US         27,069.4   (2,578.4)   1,716.6
CAESARS ENTERTAI  C08 GR         27,069.4   (2,578.4)   1,716.6
CALLIDUS CAPITAL  28K GR            444.5       (4.3)       -
CAPMARK FINANCIA  CPMK US        20,085.1     (933.1)       -
CASELLA WASTE     CWST US           649.9       (8.5)     (18.9)
CC MEDIA-A        CCMO US        14,752.2   (9,315.2)   1,225.6
CENTENNIAL COMM   CYCL US         1,480.9     (925.9)     (52.1)
CENVEO INC        CVO US          1,206.8     (511.7)     145.0
CHOICE HOTELS     CZH GR            628.4     (412.5)     184.3
CHOICE HOTELS     CHH US            628.4     (412.5)     184.3
CIENA CORP        CIEN US         1,795.5      (80.8)     641.3
CIENA CORP        CIE1 TH         1,795.5      (80.8)     641.3
CIENA CORP        CIEN TE         1,795.5      (80.8)     641.3
CIENA CORP        CIE1 GR         1,795.5      (80.8)     641.3
CINCINNATI BELL   CBB US          2,176.9     (556.0)     337.7
DENNY'S CORP      DENN US           284.2       (0.0)     (21.5)
DENNY'S CORP      DE8 GR            284.2       (0.0)     (21.5)
DEX MEDIA INC     DXM US          2,275.0     (782.0)     162.0
DEX MEDIA INC     9DX GR          2,275.0     (782.0)     162.0
DIRECTV           DTV US         22,126.0   (6,127.0)    (624.0)
DIRECTV           DIG1 GR        22,126.0   (6,127.0)    (624.0)
DOMINO'S PIZZA    EZV TH            495.7   (1,289.7)     105.0
DOMINO'S PIZZA    DPZ US            495.7   (1,289.7)     105.0
DOMINO'S PIZZA    EZV GR            495.7   (1,289.7)     105.0
DUN & BRADSTREET  DNB US          1,773.4   (1,077.1)     (60.3)
DUN & BRADSTREET  DB5 GR          1,773.4   (1,077.1)     (60.3)
EDGEN GROUP INC   EDG US            883.8       (0.8)     409.2
ELEVEN BIOTHERAP  EBIO US             5.1       (6.1)      (2.9)
EMPIRE RESORTS I  NYNY US            38.7      (14.0)     (14.6)
FAIRPOINT COMMUN  FRP US          1,546.4     (338.8)      25.3
FERRELLGAS-LP     FEG GR          1,589.9      (88.9)      89.0
FERRELLGAS-LP     FGP US          1,589.9      (88.9)      89.0
FREESCALE SEMICO  1FS TH          3,265.0   (3,728.0)   1,334.0
FREESCALE SEMICO  1FS GR          3,265.0   (3,728.0)   1,334.0
FREESCALE SEMICO  FSL US          3,265.0   (3,728.0)   1,334.0
GENCORP INC       GCY GR          1,675.6      (49.0)      86.7
GENCORP INC       GY US           1,675.6      (49.0)      86.7
GENTIVA HEALTH    GHT GR          1,234.9     (297.6)      99.2
GENTIVA HEALTH    GTIV US         1,234.9     (297.6)      99.2
GLG PARTNERS INC  GLG US            400.0     (285.6)     156.9
GLG PARTNERS-UTS  GLG/U US          400.0     (285.6)     156.9
GLOBALSTAR INC    GSAT US         1,350.0      (74.3)     (97.3)
GOLD RESERVE INC  GDRZF US           21.5       (5.6)       1.2
GOLD RESERVE INC  GRZ CN             21.5       (5.6)       1.2
GRAHAM PACKAGING  GRM US          2,947.5     (520.8)     298.5
GTT COMMUNICATIO  GTT US            168.5       (0.1)     (25.3)
HCA HOLDINGS INC  2BH GR         29,822.0   (6,588.0)   2,877.0
HCA HOLDINGS INC  HCA US         29,822.0   (6,588.0)   2,877.0
HCA HOLDINGS INC  2BH TH         29,822.0   (6,588.0)   2,877.0
HD SUPPLY HOLDIN  HDS US          6,552.0     (750.0)   1,446.0
HERBALIFE LTD     HLF US          2,435.7     (404.1)     552.4
HERBALIFE LTD     HOO GR          2,435.7     (404.1)     552.4
HOVNANIAN ENT-A   HOV US          1,838.8     (462.5)   1,122.1
HOVNANIAN ENT-B   HOVVB US        1,838.8     (462.5)   1,122.1
HOVNANIAN-A-WI    HOV-W US        1,838.8     (462.5)   1,122.1
HUGHES TELEMATIC  HUTC US           110.2     (101.6)    (113.8)
HUGHES TELEMATIC  HUTCU US          110.2     (101.6)    (113.8)
IMPRIVATA INC     IMPR US            35.6       (4.3)     (10.8)
INCYTE CORP       INCY US           679.1     (171.0)     464.6
INCYTE CORP       ICY GR            679.1     (171.0)     464.6
INFOR US INC      LWSN US         6,515.2     (555.7)    (303.6)
IPCS INC          IPCS US           559.2      (33.0)      72.1
ISTA PHARMACEUTI  ISTA US           124.7      (64.8)       2.2
JUST ENERGY GROU  1JE GR          1,642.6     (117.4)     221.0
JUST ENERGY GROU  JE CN           1,642.6     (117.4)     221.0
JUST ENERGY GROU  JE US           1,642.6     (117.4)     221.0
KINAXIS INC       KXS CN             44.6      (70.4)      (6.4)
L BRANDS INC      LTD GR          6,663.0     (609.0)   1,070.0
L BRANDS INC      LTD TH          6,663.0     (609.0)   1,070.0
L BRANDS INC      LB US           6,663.0     (609.0)   1,070.0
LEAP WIRELESS     LWI TH          4,662.9     (125.1)     346.9
LEAP WIRELESS     LEAP US         4,662.9     (125.1)     346.9
LEAP WIRELESS     LWI GR          4,662.9     (125.1)     346.9
LEE ENTERPRISES   LEE US            797.3     (155.6)       0.8
LORILLARD INC     LLV GR          2,893.0   (2,228.0)     900.0
LORILLARD INC     LO US           2,893.0   (2,228.0)     900.0
LORILLARD INC     LLV TH          2,893.0   (2,228.0)     900.0
LUMENPULSE INC    LMP CN             29.4      (38.4)       3.5
MANNKIND CORP     NNF1 GR           236.3      (46.4)     (74.3)
MANNKIND CORP     NNF1 TH           236.3      (46.4)     (74.3)
MANNKIND CORP     MNKD US           236.3      (46.4)     (74.3)
MARRIOTT INTL-A   MAQ GR          6,830.0   (1,720.0)  (1,153.0)
MARRIOTT INTL-A   MAQ TH          6,830.0   (1,720.0)  (1,153.0)
MARRIOTT INTL-A   MAR US          6,830.0   (1,720.0)  (1,153.0)
MDC PARTNERS-A    MD7A GR         1,685.0      (87.5)    (228.9)
MDC PARTNERS-A    MDZ/A CN        1,685.0      (87.5)    (228.9)
MDC PARTNERS-A    MDCA US         1,685.0      (87.5)    (228.9)
MERITOR INC       MTOR US         2,810.0     (527.0)     373.0
MERITOR INC       AID1 GR         2,810.0     (527.0)     373.0
MERRIMACK PHARMA  MACK US           165.0      (65.8)      81.9
MONEYGRAM INTERN  MGI US          4,784.5     (142.0)     119.2
MORGANS HOTEL GR  M1U GR            695.2     (202.0)     129.7
MORGANS HOTEL GR  MHGC US           695.2     (202.0)     129.7
MOXIAN CHINA INC  MOXC US             0.0       (0.0)      (0.0)
MPG OFFICE TRUST  MPG US          1,280.0     (437.3)       -
NATIONAL CINEMED  NCMI US         1,005.2     (188.3)      79.1
NATIONAL CINEMED  XWM GR          1,005.2     (188.3)      79.1
NAVISTAR INTL     NAV US          7,727.0   (4,072.0)   1,070.0
NAVISTAR INTL     IHR GR          7,727.0   (4,072.0)   1,070.0
NAVISTAR INTL     IHR TH          7,727.0   (4,072.0)   1,070.0
NEKTAR THERAPEUT  NKTR US           478.1      (35.4)     213.9
NEKTAR THERAPEUT  ITH GR            478.1      (35.4)     213.9
NEW ENG RLTY-LP   NEN US            179.7      (24.5)       -
NORTHWEST BIO     NBYA GR            12.5      (31.1)     (31.2)
NORTHWEST BIO     NWBO US            12.5      (31.1)     (31.2)
NYMOX PHARMACEUT  NYMX US             0.9       (6.3)      (3.8)
OMEGA COMMERCIAL  OCFN US             0.3       (2.7)      (3.0)
OMEROS CORP       OMER US            41.0      (10.6)      26.8
OMEROS CORP       3O8 GR             41.0      (10.6)      26.8
OMTHERA PHARMACE  OMTH US            18.3       (8.5)     (12.0)
OPOWER INC        OPWR US            63.1       (6.3)     (11.9)
PALM INC          PALM US         1,007.2       (6.2)     141.7
PHIBRO ANIMAL HE  PAO EU            473.3      (78.7)     177.3
PHIBRO ANIMAL HE  PAHC LN           473.3      (78.7)     177.3
PHIBRO ANIMAL HE  PAO GR            473.3      (78.7)     177.3
PHIBRO ANIMAL-A   PAHC US           473.3      (78.7)     177.3
PHILIP MORRIS IN  PM1CHF EU      36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN  PM US          36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN  PMI SW         36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN  PM1EUR EU      36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN  4I1 TH         36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN  PM FP          36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN  PM1 TE         36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN  4I1 GR         36,325.0   (7,847.0)   1,130.0
PLAYBOY ENTERP-A  PLA/A US          165.8      (54.4)     (16.9)
PLAYBOY ENTERP-B  PLA US            165.8      (54.4)     (16.9)
PLY GEM HOLDINGS  PGEM US         1,096.8      (91.4)     217.3
PROTALEX INC      PRTX US             2.8       (7.0)       2.3
PROTECTION ONE    PONE US           562.9      (61.8)      (7.6)
QUALITY DISTRIBU  QLTY US           443.2      (51.2)     106.0
QUALITY DISTRIBU  QDZ GR            443.2      (51.2)     106.0
QUINTILES TRANSN  Q US            2,978.6     (621.6)     511.6
RADIUS HEALTH IN  RDUS US            12.8      (24.5)     (22.7)
RADNET INC        PQI GR            737.2       (9.3)      61.4
RADNET INC        RDNT US           737.2       (9.3)      61.4
REGAL ENTERTAI-A  RGC US          2,675.7     (750.5)      26.2
REGAL ENTERTAI-A  RETA GR         2,675.7     (750.5)      26.2
RENAISSANCE LEA   RLRN US            57.0      (28.2)     (31.4)
RENTPATH INC      PRM US            208.0      (91.7)       3.6
RETROPHIN INC     RTRX US            94.0      (35.4)    (107.0)
REVLON INC-A      REV US          1,938.7     (571.8)     275.3
REVLON INC-A      RVL1 GR         1,938.7     (571.8)     275.3
RITE AID CORP     RAD US          6,946.5   (2,046.4)   1,643.0
RITE AID CORP     RTA GR          6,946.5   (2,046.4)   1,643.0
ROCKWELL MEDICAL  RMTI US            26.8       (3.5)       8.2
ROCKWELL MEDICAL  RWM GR             26.8       (3.5)       8.2
RURAL/METRO CORP  RURL US           303.7      (92.1)      72.4
RYERSON HOLDING   RYI US          1,989.5     (114.5)     754.6
SALLY BEAUTY HOL  S7V GR          1,983.6     (362.8)     616.8
SALLY BEAUTY HOL  SBH US          1,983.6     (362.8)     616.8
SEQUENOM INC      SQNM US           131.6      (49.3)      51.4
SERVICEMASTER GL  SERV US         5,197.0     (369.0)     240.0
SILVER SPRING NE  SSNI US           534.3     (111.7)      83.2
SIRIUS XM CANADA  XSR CN            409.2      (78.8)    (157.0)
SPORTSMAN'S WARE  SPWH US           272.7      (52.1)      75.1
SUNGAME CORP      SGMZ US             2.2       (3.6)      (3.9)
SUPERVALU INC     SJ1 TH          4,354.0     (682.0)     106.0
SUPERVALU INC     SVU US          4,354.0     (682.0)     106.0
SUPERVALU INC     SVU* MM         4,354.0     (682.0)     106.0
SUPERVALU INC     SJ1 GR          4,354.0     (682.0)     106.0
THERAVANCE        HVE GR            605.6     (187.5)     303.2
THERAVANCE        THRX US           605.6     (187.5)     303.2
THRESHOLD PHARMA  THLD US            94.7      (29.0)      50.3
THRESHOLD PHARMA  NZW1 GR            94.7      (29.0)      50.3
TRANSDIGM GROUP   T7D GR          6,711.0   (1,591.5)   1,073.0
TRANSDIGM GROUP   TDG US          6,711.0   (1,591.5)   1,073.0
TRINET GROUP INC  TNET US         1,340.4      (46.1)      93.8
TRINET GROUP INC  TN3 GR          1,340.4      (46.1)      93.8
TRUPANION INC     TRUP US            49.0       (5.5)       7.2
ULTRA PETROLEUM   UPM GR          2,958.1     (123.5)    (352.9)
ULTRA PETROLEUM   UPL US          2,958.1     (123.5)    (352.9)
UNISYS CORP       UISEUR EU       2,336.1     (628.5)     369.7
UNISYS CORP       USY1 GR         2,336.1     (628.5)     369.7
UNISYS CORP       USY1 TH         2,336.1     (628.5)     369.7
UNISYS CORP       UIS1 SW         2,336.1     (628.5)     369.7
UNISYS CORP       UISCHF EU       2,336.1     (628.5)     369.7
UNISYS CORP       UIS US          2,336.1     (628.5)     369.7
VARONIS SYSTEMS   VRNS US            33.7       (1.5)       1.8
VECTOR GROUP LTD  VGR US          1,642.7      (31.1)     560.0
VECTOR GROUP LTD  VGR GR          1,642.7      (31.1)     560.0
VENOCO INC        VQ US             738.2     (130.8)     (13.4)
VERISIGN INC      VRS GR          2,322.6     (632.9)    (246.0)
VERISIGN INC      VRS TH          2,322.6     (632.9)    (246.0)
VERISIGN INC      VRSN US         2,322.6     (632.9)    (246.0)
VERSO PAPER CORP  VRS US          1,037.1     (549.4)      28.0
VIRGIN MOBILE-A   VM US             307.4     (244.2)    (138.3)
WEIGHT WATCHERS   WTW US          1,526.4   (1,397.9)      13.8
WEIGHT WATCHERS   WW6 GR          1,526.4   (1,397.9)      13.8
WEIGHT WATCHERS   WW6 TH          1,526.4   (1,397.9)      13.8
WEST CORP         WSTC US         3,876.0     (672.7)     264.3
WESTMORELAND COA  WME GR          1,583.7     (260.6)      50.8
WESTMORELAND COA  WLB US          1,583.7     (260.6)      50.8
XERIUM TECHNOLOG  TXRN GR           633.4       (8.9)     104.5
XERIUM TECHNOLOG  XRM US            633.4       (8.9)     104.5
YRC WORLDWIDE IN  YEL1 GR         2,179.5     (362.4)     201.2
YRC WORLDWIDE IN  YRCW US         2,179.5     (362.4)     201.2


                             *********

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

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

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

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

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

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

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

                           *********

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

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

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

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

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


                  *** End of Transmission ***