TCR_Public/140826.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 26, 2014, Vol. 18, No. 237

                            Headlines

ACTIVECARE INC: Projects $11 Million Revenue for Next 12 Months
ADAMS STREET LOFTS: Case Summary & 8 Largest Unsecured Creditors
AFFYMAX INC: Jonathan Couchman Reports 5% Equity Stake
AFFYMAX INC: Incurs $7.21-Mil. Net Income in Second Quarter
ALBANY INVESTMENT: Case Summary & 10 Largest Unsecured Creditors

ALDERON IRON: Incurs C$4.79-Mil. Net Loss in Q2 Ended June 30
ALION SCIENCE: Completes Debt Refinancing
ALION SCIENCE: Inks Key Executives to 5-Year Contracts
ALION SCIENCE: S&P Raises CCR to 'B-' on Refinancing; Outlook Neg.
ALVARION(R) LTD: NASDAQ Council Opts to Delist Securities

ALTAIR NANOTECHNOLOGIES: Gets Nasdaq Listing Non-Compliance Notice
AMERICAN BREWING: Reports $225K Net Loss for Q2 Ended June 30
AMERICAN MEDIA: Moody's Lowers Rating on $385MM Notes to Caa1
AMERICAN POWER: Files 2013 Conflict Minerals Report
AMERITOX LTD: Moody's Assigns 'B1' Corporate Family Rating

AMERITOX LTD: S&P Assigns 'B-' CCR & Rates $197.5MM Debt 'B-'
AMMED SURGICAL: Case Summary & 20 Largest Unsecured Creditors
AMSTERDAM HOUSE: Judge Rules Patient Care Ombudsman Unnecessary
AMSTERDAM HOUSE: Gets Interim Approval to Use Cash Collateral
AMSTERDAM HOUSE: Gets Approval to Assume Plan Support Agreement

AUXILIUM PHARMACEUTICALS: Inks Separation Pact with Former CFO
AZIZ CONVENIENCE: Parties Agree to Extend Use of Cash Collateral
AZIZ CONVENIENCE: Wants to Hire Okin & Adams as Counsel
AZIZ CONVENIENCE: Seeks to Hire Claro Group as Financial Advisor
BAYTEX ENERGY: S&P Affirms 'BB' Corp. Credit Rating

BERNARD L. MADOFF: Judge Denies Claims in Retirement Accounts
BIRKS GROUP: Reports $5.8-Mil. Net Loss in FY Ended March 29
BLUE WAVE TECH: Case Summary & Largest Unsecured Creditor
CAESARS ENTERTAINMENT: CEOC Cuts Outstanding Debt by $582 Million
CLEAR CHANNEL: Closes Sale of $222MM Senior Notes to Finco Unit

CORRLINE INTERNATIONAL: Officially Placed in Chapter 7 Bankruptcy
CRYOPORT INC: Has $2.3-Mil. Net Loss for June 30 Quarter
CT TECHNOLOGIES: S&P Affirms 'B' CCR & Revises Outlook to Negative
DATARAM CORP: CohnReznick LLP Raises Going Concern Doubt
DELUXE ENTERTAINMENT: S&P Cuts CCR to 'CCC' on Weak Performance

DETROIT, MI: Gets Approval of Agreement With Bond Insurers, et al.
DETROIT, MI: FGIC Wants Expert Opinion on Plan Treatment Excluded
DETROIT, MI: Syncora, FGIC Oppose $5.5 Billion Financing
DIGERATI TECHNOLOGIES: LBB & Associates Raises Going Concern Doubt
DOLPHIN DIGITAL: Incurs $485,000 Net Loss in Second Quarter

DYNEGY INC: Moody's Affirms 'B2' Corporate Family Rating
DYNEGY INC: S&P Raises CCR to 'B+' on US Power Asset Acquisition
EAGLE ROCK: S&P Lowers Sr. Unsecured Debt Ratings to 'B-'
EDUCATION TRAINING: Files Chapter 11 Bankruptcy
ELBIT IMAGING: Reverse Share Split Takes Effect

ENERGY SERVICES: Elliott Appointed New Board Member
ENTEGRA POWER: Seeks to Employ Richard Layton as Co-Counsel
EPWORTH VILLA: Has Final Order on Access to OCFA Cash Collateral
EPWORTH VILLA: US Trustee Appoints Patient Care Ombudsman
EPWORTH VILLA: Files Schedules of Assets and Liabilities

EPWORTH VILLA: Taps Gibbs Armstrong as Special Counsel
ESSAR STEEL: Judge Grants Recognition of Foreign Main Proceeding
EVERYWARE GLOBAL: Unit Sold Oneida Share Capital for GBP3.7MM
EXECUTIVE CAREER: Case Summary & 20 Largest Unsecured Creditors
EXIDE TECHNOLOGIES: KPMG LLP Raises Going Concern Doubt

FAIRCHILD SEMICONDUCTOR: Cutting 15% of Workforce
FIAT CHRYSLER: Needs Enough Support to Reorganize Group
FLORIDA GAMING: Freedom, Tara Club Cases Dismissed
FLORIDA GAMING: Plan Order Revised Due to Scrivener's Error
GARY STANCIL: Court Won't Extend Defendants' Response Deadline

GBDRE CO: Case Summary & 3 Largest Unsecured Creditors
GLOBAL AVIATION: OK'd to Disburse Funds to Pay Healthcare Claims
GLOBALSTAR INC: President of Space Operations to Retire
GLYECO INC: Alexander and Ioia Step Down as Directors
GOLDEN STATE MEDICAL: S&P Withdraws 'B' Corporate Credit Rating

GOLDKING HOLDINGS: Enters Into 6th Stipulation on DIP Loans
GREAT LAKES DREDGE: Moody's Keeps Caa1 Rating on $250MM Sr. Notes
HAYDEL PROPERTIES: UST Wants Case Dismissed or Converted to Ch.7
HOLY HILL: Richard Laski Appointed as Chapter 11 Trustee
HYDROCARB ENERGY: Borrows $4.5 Million to Repay Existing Note

KID BRANDS: Sale of Sassy Assets to Angelcare Approved
ILLINOIS STOCK TRANSFER: Placed Into Receivership
JAMES RIVER COAL: Sept. 22 Set as Claims Bar Date
JAMES RIVER: Accepts JR Acquisition's Bid for Mining Complexes
JBI INC: Posts $1.75-Mil. Net Loss in Q1 Ended March 31

JESAL PATWARI: Court Won't Reconsider Ruling Against Verma
KAHN FAMILY: To Present Plan for Confirmation Aug. 27
KOKOMO CHIROPRACTIC: Case Summary & 3 Unsecured Creditors
LA RIVIERA BAR: Case Summary & 16 Largest Unsecured Creditors
LANGTREE VENTURES: Involuntary Chapter 11 Case Summary

LEHMAN BROTHERS: Banks Want Increase in RMBS Reserves to $12.14B
LIBERTY SILVER: TSX Appeal Committee Opts to Delist Common Shares
MASHANTUCKET PEQUOT: In Talks with Lenders for Foxwoods Casino
MAYAN GANEM: Case Summary & 9 Largest Unsecured Creditors
METALDYNE CORP: American Securities To Sell Shares to Public

MICHAEL R. DAVIDSON: Lacks Standing to Hire Auctioneer
MOMENTIVE PERFORMANCE: Files SEC Form for 2021 1st Priority Notes
MOMENTIVE PERFORMANCE: Files SEC Form for 2022 2nd Priority Notes
MOMENTIVE PERFORMANCE: Investors Bid to Change Votes Delays Ruling
MT. LAUREL LODGING: Aug. 27 Hearing on Access to Cash Collateral

NANTICOKE MEMORIAL: S&P Raises Rating on $45.6MM Bonds From BB+
NEOMEDIA TECHNOLOGIES: Global Grid No Longer a Shareholder
NEW BERN RIVERFRONT: Court Rejects Weaver Cooke's Indemnity Claim
NEW CENTURY TRS: Order on Whites' Late-Filed Claims Vacated
NEW ENGLAND COMPOUNDING: Judge wants "Keen" Suit Revised

NUSTAR LOGISTICS: Moody's Affirms 'Ba1' Corporate Family Rating
NPC INTERNATIONAL: Moody's Affirms 'B2' Corporate Family Rating
ONE MORE DEAL: Case Summary & 6 Largest Unsecured Creditors
OSSEN INNOVATION: Receives NASDAQ Listing Non-Compliance Notice
OUTLAW RIDGE: Court Approves Settlement with Cadence Bank

OUTLAW RIDGE: Asks Court to Extend Exclusive Period to Dec. 4
PARK SIDE: Classon Says Objection Immaterial to Relief Sought
PFS HOLDING: S&P Lowers CCR to 'B-' on Weak Operating Performance
PLANT INSULATION: Insurers to Appeal Plan Order to 9th Cir.
POSITIVEID CORP: Inks OID Note Purchase Pact With Toledo Advisors

PREMIER PAVING: OnPointe Wants Payment of $31,921 Plus Interest
PRINCE FREDERICK: Contractor's Equitable Subordination Suit Nixed
PRINCESS INT'L: Case Summary & 20 Largest Unsecured Creditors
RAFAEL RODRIGUEZ: Court Wants Bid to Substitute Counsel Clarified
REALTY EQUITIES: Case Summary & 3 Largest Unsecured Creditors

RESTORA HEALTHCARE: Needs Until Oct. 22 to File Plan
RICKIE LYNN WALKER: Loses Appeal From Foreclosure Judgment
SALTON SEA: S&P Lowers Rating on $285MM Bonds to 'BB-'
SB PARTNERS: SRE Clearing Owned 39% LP Stake at Aug. 18
SECURITY NATIONAL: Plan Confirmation Hearing on Sept. 30

SECURITY NATIONAL: 17th Interim DIP Order Issued
SHIVANI HOSPITALITY: Case Summary & 15 Top Unsecured Creditors
SKILLSOFT LIMITED: SumTotal Deal No Impact on Moody's 'B3' CFR
SKYLINE MANOR: Ch.11 Trustee Seeks Approval of Bidding Protocol
PREMIER PAVING: OnPointe Wants Payment of $31,921 Plus Interest

STERLING BLUFF: Case Dismissed; Coastal Bank May Foreclose
STONERIDGE INC: S&P Raises CCR to 'BB' on Leverage Expectation
SUN BANCORP: Closes Sale of $20 Million Worth of Common Shares
SUNRISE REAL ESTATE: Signs $1.7 Million Purchase Agreement
SUNTECH POWER: Swizz Unit Now Solvent Member of Suntech Group

SUNWIN STEVIA: RBSM LLP Raises Going Concern Doubt
SUPERIOR AIR: Bankr. Judge Won't Hear Dispute With Supplier
SUPERIOR AIR: Bankr. Judge Re-Closes Chapter 11 Case
SUTOR TECHNOLOGY: Receives NASDAQ Listing Non-Compliance Notice
TRIPLE POINT: S&P Lowers CCR to 'B-' on Poor License Sales

UNI-PIXEL INC: Appoints Malcolm Thompson to Board of Directors
USEC INC: Funding Under ACTDO Agreement Increased by $6.7MM
UTSTARCOM INC: Himanshu Shah Reports 28.3% Equity Stake
VERMILLION INC: Names VP of Sales and Managed Markets
WPCS INTERNATIONAL: Marcum LLP Raises Going Concern Doubt

* US Insurers Profits Decline on Weaker ReFi Volume, Fitch Says
* Hedge Funds Sue to Get Argentine Bond Payment in London

* Large Companies With Insolvent Balance Sheet


                             *********


ACTIVECARE INC: Projects $11 Million Revenue for Next 12 Months
---------------------------------------------------------------
ActiveCare Inc. provided a published report of revenue projections
and a strategic business plan that details ActiveCare's vision for
the next twelve months.

"We are pleased to provide revenue projections of approximately
$11 million over the next twelve months as we have now secured
signed contracts with over 100 corporate clients for our diabetes
solution,' stated David Derrick, CEO of ActiveCare.  "We continue
to expand our sales efforts into the northeast and southwest
regions of the U.S. and expect to sign additional larger contracts
throughout the remainder of the year.  In the next 12 months we
are forecasting to add 20,000 individuals on the ActiveCare
diabetes solution.  We are focused on attracting both large and
small employers who are searching for ways to mitigate the growing
costs of healthcare and improve the quality of that care.  Our
recent contracts combined with our growing sales pipelines have
positioned us to achieve strong revenue growth in the coming
year.'

Highlights from Published Report:

* ActiveCare is now servicing over 100 corporate clients.

* Plans are in place to increase product offerings to include,
   products and services to monitor additional chronic illnesses.

* ActiveCare has contracts with key partners who combined manage
   over 150,000 diabetic members.  These partners are expected to
   implement the Company's solutions to more of their diabetic
   population over the next 12 to 18 months.

* ActiveCare has engaged Earl Hurst to assist the Company with
   building and deploying a national sales organization, as well
   as support the executive team with other business initiatives
   related to the Company.  Earl has spent 29 years in executive
   sales and marketing positions with various health care
   companies.  He previously served as Market President of Humana
   Utah and was an Executive Vice President of Fred A. Morton &
   Company, one of the largest health insurance brokers in the
   intermountain states.

The full copy of the report is available for free at:

      http://www.activecare.com/downloads/Company_Report.pdf

                          About ActiveCare

South West Valley City, Utah-based ActiveCare, Inc., is organized
into three business segments based primarily on the nature of the
Company's products.  The Stains and Reagents segment is engaged in
the business of manufacturing and marketing medical diagnostic
stains, solutions and related equipment to hospitals and medical
testing labs.  The CareServices segment is engaged in the business
of developing, distributing and marketing mobile health monitoring
and concierge services to distributors and customers.  The Chronic
Illness Monitoring segment is primarily engaged in the monitoring
of diabetic patients on a real time basis.

The Company's business plan is to develop and market products for
monitoring the health of and providing assistance to mobile and
homebound seniors and the chronically ill, including those who may
require a personal assistant to check on them during the day to
ensure their safety and well being.

ActiveCare incurred a net loss attributable to common stockholders
of $25.95 million the year ended Sept. 30, 2013, as compared with
a net loss attributable to common stockholders of $12.42 million
for the year ended Sept. 30, 2012.

As of June 30, 2014, the Company had $9.49 million in total
assets, $10.96 million in total liabilities and a $1.46 million
total stockholders' deficit.

Tanner LLC, 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
the Company has incurred recurring losses, has negative cash flows
from operating activities, has negative working capital, and has
negative total equity.  These conditions, among others, raise
substantial doubt about its ability to continue as a going
concern.


ADAMS STREET LOFTS: Case Summary & 8 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Adams Street Lofts, LLC
        420 North Adams Street
        Tallahassee, FL 32301

Case No.: 14-40483

Chapter 11 Petition Date: August 22, 2014

Court: United States Bankruptcy Court
       Northern District of Florida (Tallahassee)

Judge: Hon. Karen K. Specie

Debtor's Counsel: Brian G. Rich, Esq.
                  BERGER SINGERMAN LLP
                  125 S. Gadsden Street, Suite 300
                  Tallahassee, FL 32301
                  Tel: (850) 561-3010
                  Fax: (850) 561-3013
                  Email: brich@bergersingerman.com

Total Assets: $3.26 million

Total Liabilities: $4.13 million

The petition was signed by Jonathan Leoni, manager.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/flnb14-40483.pdf


AFFYMAX INC: Jonathan Couchman Reports 5% Equity Stake
------------------------------------------------------
Jonathan M. Couchman disclosed in a regulatory filing with the
U.S. Securities and Exchange Commission that as of Aug. 19, 2014,
he beneficially owned 1,875,877 shares of common stock of Affymax,
Inc., representing 5% of the shares outstanding.  Mr. Couchman
serves as the chairman, president and chief executive officer of
Xstelos Xstelos Holdings, Inc.  As of the close of business on
Aug. 21, 2014, Xstelos did not directly own any Affymax Shares.  A
copy of the Schedule 13D is available for free at:

                         http://is.gd/mpfkyE

                           About Affymax

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

                         Bankruptcy Warning

The Company said in the Quarterly Report for the period ended
March 31, 2014, "Because we have not made an irrevocable decision
to liquidate, the accompanying condensed financial statements have
been prepared under the assumption of a going concern basis that
contemplates the realization of assets and liabilities in the
ordinary course of business.  Operating losses have been incurred
each year since inception, resulting in an accumulated deficit of
$559.5 million as of March 31, 2014.  Nearly all of our revenues
to date have come from our collaboration with Takeda.  As a result
of the February 23, 2013 nationwide voluntary recall of OMONTYS
and the suspension of all marketing activities, there is
significant uncertainty as to whether we will have sufficient
existing cash to fund our operations for the next 12 months.
Given our limited resources, there is no assurance that we will be
able to reduce our operating expenses enough to meet our existing
and future obligations and conduct ongoing operations.  If we do
not have sufficient funds to continue operations, we could be
required to liquidate our assets, seek bankruptcy protection or
other alternatives.  Any failure to dispel any continuing doubts
about our ability to continue as a going concern could adversely
affect our ability to enter into collaborative relationships with
business partners.  These matters raise substantial doubt about
our ability to continue as a going concern.  Our financial
statements do not include any adjustments that may result from the
outcome of this uncertainty."

Affymax reported a net loss of $14.42 million in 2013 following a
net loss of $93.41 million in 2012.  As of June 30, 2013, the
Company had $5.38 million in total assets, $214,000 in total
liabilities, all current, and $5.17 million in total stockholders'
equity.

Ernst & Young LLP, in Redwood City, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that there is significant uncertainty as to whether the Company
will have sufficient financial resources to fund its operations
for the next 12 months.  This condition raises substantial doubt
about the Company's ability to continue as a going concern.


AFFYMAX INC: Incurs $7.21-Mil. Net Income in Second Quarter
-----------------------------------------------------------
Affymax, Inc., filed its quarterly report on Form 10-Q disclosing
a net income of $7.21 million on $42,000 of total revenue for the
three months ended June 30, 2014, as compared to a net income of
$15.37 million on $525,000 of total revenue for the same period
last year.

The Company's balance sheet at June 30, 2014, showed
$5.38 million in total assets, $214,000 in total liabilities, and
total stockholders' equity of $5.17 million.

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

                       http://goo.gl/9ElrO8

                           About Affymax

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

As of March 31, 2014, the Company had $6.46 million in total
assets, $8.79 million in total liabilities and a $2.33 million
total stockholders' deficit.

                         Bankruptcy Warning

"Because we have not made an irrevocable decision to liquidate,
the accompanying condensed financial statements have been prepared
under the assumption of a going concern basis that contemplates
the realization of assets and liabilities in the ordinary course
of business.  Operating losses have been incurred each year since
inception, resulting in an accumulated deficit of $559.5 million
as of March 31, 2014.  Nearly all of our revenues to date have
come from our collaboration with Takeda.  As a result of the
February 23, 2013 nationwide voluntary recall of OMONTYS and the
suspension of all marketing activities, there is significant
uncertainty as to whether we will have sufficient existing cash to
fund our operations for the next 12 months.  Given our limited
resources, there is no assurance that we will be able to reduce
our operating expenses enough to meet our existing and future
obligations and conduct ongoing operations.  If we do not have
sufficient funds to continue operations, we could be required to
liquidate our assets, seek bankruptcy protection or other
alternatives.  Any failure to dispel any continuing doubts about
our ability to continue as a going concern could adversely affect
our ability to enter into collaborative relationships with
business partners.  These matters raise substantial doubt about
our ability to continue as a going concern.  Our financial
statements do not include any adjustments that may result from the
outcome of this uncertainty," the Company said in the Quarterly
Report for the period ended March 31, 2014.

Affymax reported a net loss of $14.42 million in 2013 following a
net loss of $93.41 million in 2012.

Ernst & Young LLP, in Redwood City, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that there is significant uncertainty as to whether the Company
will have sufficient financial resources to fund its operations
for the next 12 months.  This condition raises substantial doubt
about the Company's ability to continue as a going concern.


ALBANY INVESTMENT: Case Summary & 10 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Albany Investment Properties, LLC
        333 South Doheny Drive, Suite 312
        Los Angeles, CA 90048

Case No.: 14-26237

Chapter 11 Petition Date: August 22, 2014

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

Judge: Hon. Sheri Bluebond

Debtor's Counsel: Raymond H Aver, Esq.
                  LAW OFFICES OF RAYMOND H AVER APC
                  1950 Sawtelle Blvd Ste 120
                  Los Angeles, CA 90025
                  Tel: 310-473-3511
                  Fax: 310-473-3512
                  Email: ray@averlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Farzad Nedjat Haiem, manager.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb14-26237.pdf


ALDERON IRON: Incurs C$4.79-Mil. Net Loss in Q2 Ended June 30
-------------------------------------------------------------
Alderon Iron Ore Corp. filed its quarterly report on Form 6-K
disclosing a net loss of C$4.79 million for the three months ended
June 30, 2014, as compared to a net loss of C$2.19 million for the
same period last year.

The Company's balance sheet at June 30, 2014, showed C$287.26
million in total assets, C$39.6 million in total liabilities and
C$247.66 million in total stockholders' equity.

A copy of the Form 6-K is available for free at:

                      http://is.gd/2iqtmn

Alderon Iron Ore Corp., formerly Alderon Resource Corp., is an
exploration-stage company engaged in the exploration and
evaluation of mineral resource properties. As of December 31,
2011, the Company conducted iron ore exploration and evaluation
activities related entirely to its properties located in Western
Labrador. Those properties are collectively referred to as the
Kamistiatusset (Kami) Property. The Kami Property is located next
to the mining towns of Wabush, Labrador City and Fermont. The
property includes 305 claims in Labrador and five Quebec Mining
Titles for a total of 7,625 hectares. During the year ended
December 31, 2011, the Company conducted a drill program, totaling
4,496 meters, in the North Rose area. As of December 31, 2011, the
mineral resource estimate for all three zones North Rose, Rose
Central and Mills Lake) within the Kami Project was 490 million
tons at 30% iron indicated and 598 million tons at 30.3% iron
inferred.


ALION SCIENCE: Completes Debt Refinancing
-----------------------------------------
Alion Science and Technology Corporation completed its previously
announced comprehensive refinancing of the Company's outstanding
indebtedness which included an exchange offer, consent
solicitation and unit offering relating to its 10.25% Senior Notes
due 2015, the New Revolving Credit Facility, the New First Lien
Term Facilities, the New Second Lien Term Facility, the
Intercreditor Agreement, various guarantee and security agreements
relating to these new credit facilities, the redemption of
Existing Secured Notes and the termination of the Company's
existing revolving credit facility.

The Refinancing Transactions were made pursuant to the terms of
the previously disclosed Amended and Restated Refinancing Support
Agreement dated as of May 2, 2014, as amended, between the Company
and ASOF II Investments, LLC, and Phoenix Investment Adviser, LLC,
the Supporting Noteholders.

The exchange offer and consent solicitation expired at 9:00 a.m.,
New York City time, on Aug. 18, 2014.  Alion has accepted for
exchange all Unsecured Notes validly tendered and not withdrawn as
of the Expiration Date.

"I am excited that the refinancing is concluded giving us the
stability we need to continue to help our customers succeed in
their missions for years to come," said Bahman Atefi, Alion
Chairman and CEO.  "We are committed to strengthening Alion's
business position to ensure the long-term growth and health of the
company.  We appreciate the support of our customers, investors,
partners and, of course, our employees."

As of the Expiration Date, according to Global Bondholder Services
Corporation, the Information and Exchange Agent, approximately
$210,986,000, or 89.78%, of the aggregate principal amount of
outstanding Unsecured Notes had been validly tendered for exchange
and not withdrawn in the exchange offer and consent solicitation.

The unit offering expired at 5:00 p.m., New York City time on
Aug. 15, 2014.  Pursuant to the terms of the unit offering,
because the cash required to purchase all Unsecured Notes accepted
for exchange pursuant to the cash option in the exchange offer was
less than $10,000,200, the Company will not issue the maximum
number of units that holders participating in the unit offering
were entitled to purchase.  As a result, holders who participated
in the unit offering will purchase approximately 0.0121319 of a
unit for each $1,000 principal amount of Unsecured Notes validly
tendered (approximately 17% of the amount of units subscribed for
by each holder), rounded down to the nearest whole unit, and will
receive a refund payment from Alion with respect to the units not
issued.

As of result of the acceptance of Unsecured Notes validly tendered
in the exchange offer, unit offering and consent solicitation, the
proposed amendments contained in the Second Supplemental Indenture
relating to the Unsecured Notes, which was executed on May 29,
2014, became operative.  The proposed amendments eliminated
substantially all of the negative covenants, certain events of
default and the covenant restricting mergers and consolidations,
modified certain provisions relating to defeasance, and made other
technical and conforming changes to the indenture governing the
Unsecured Notes.

In addition to the completion of the exchange offer, consent
solicitation and unit offering, Alion completed these concurrent
refinancing transactions:

  * Alion entered into two new first lien term loan facilities in
    the aggregate principal amount of $285 million;

  * Alion entered into a new $70 million second lien term
    facility;

  * with the proceeds of the first and second lien term
    facilities, Alion called for the redemption of all of its
    outstanding 12% Senior Secured Notes due 2014; and

  * Alion replaced its $45 million revolving credit facility
    with a new $65 million revolving credit facility.

The exchange offer, consent solicitation and unit offering was
made only by means of an amended and restated prospectus.

Goldman, Sachs & Co. was retained to act as the dealer manager and
solicitation agent in connection with the exchange offer and
consent solicitation.

              Unregistered Sales of Equity Securities

As consideration for the Supporting Noteholders' agreement to fund
the New Second Lien Term Facility, concurrently with the closing
of the Exchange Offer, the Company issued in a private placement
75,352 and 20,551 Warrants to ASOF and Phoenix respectively, and
55 and 15 shares of Series A Preferred Stock to ASOF and Phoenix,
respectively.  In addition, in connection with the ASOF Cash
Funding, concurrently with the closing of the Exchange Offer, ASOF
purchased from the Company in a private placement at a unit price
of $600 per unit $2,841,000 principal amount of Third Lien Notes
and 2,841 Warrants.

            Modification to Rights of Security Holders

Concurrently with the closing of the Exchange Offer, the Company
amended its Certificate of Incorporation by filing a Certificate
of Designation, Powers, Preferences, and Rights with Secretary of
State of Delaware, pursuant to which the Company set forth the
respective designations, powers, rights, privileges, preferences
and restrictions of new Series A preferred stock.

The par value of the Series A Preferred Stock is $0.01 per share,
and the authorized number of shares constituting the Series A
Preferred Stock is 70.  All of the 70 shares of Series A Preferred
Stock were issued to the Supporting Noteholders, with 55 shares
issued to ASOF and 15 shares issued to an affiliate of Phoenix.
The Series A Preferred Stock will, upon liquidation, rank senior
to the Common Stock, and in the event of liquidation will be
entitled to receive $10.00 per share.  The Series A Preferred
Stock is not entitled to receive any dividends or other
distributions from the Company, nor is it convertible into any
other class of equity or other securities of the Company.  The
Series A Preferred Stock is not redeemable by the Company.

                 Change in Control of the Company

Prior to the completion of the Exchange Offer, the ESOP Trust
owned all of the outstanding shares of the Common Stock.  In
connection with funding a portion of the New Second Lien Term
Facility, ASOF was issued 55 shares of the Series A Preferred
Stock, representing 78.6% of the outstanding shares of the Series
A Preferred Stock.  As a result, ASOF has the right to appoint a
majority of the members of the Board and possesses voting control
over all matters that require stockholder approval.  ASOF's source
of funds for providing a portion of the New Second Lien Term
Facility was capital contributions made by its limited partners.

A full-text copy of the Form 8-K disclosure as filed with the U.S.
Securities and Exchange Commission is available for free at:

                        http://is.gd/nuUy2t

                        About Alion Science

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

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

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

                           *     *     *

As reported by the TCR on Aug. 21, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on McLean, Va.-based
Alion Science and Technology Corp. to 'SD' (selective default)
from 'CC'.

"The downgrades follow Alion's completion of a distressed exchange
transaction," said Standard & Poor's credit analyst Martha Toll-
Reed.

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


ALION SCIENCE: Inks Key Executives to 5-Year Contracts
------------------------------------------------------
Concurrently with the closing of the Exchange Offer, on Aug. 18,
2014, Alion Science and Technology Corporation entered into new
five-year employment agreements with key executive officers
including each of its named executive officers who are currently
serving as executive officers.  Pursuant to the employment
agreements, the Company has agreed to pay base salaries per year
to the named executive officers, subject to adjustments to
increase the base salary in the discretion of the Board, and to
provide employee benefits available to executives of the Company
commensurate with his or her position, subject to the terms of the
applicable benefit plan or program.

                 Director Resignation and Election

On Aug. 18, 2014, David J. Vitale and Edward C. (Pete) Aldridge,
Jr. each resigned as a member of the Board.

On Aug. 18, 2014, Lawrence A. First and Daniel H. Clare were each
elected to the Board as Class 3 directors by the holders of the
Series A Preferred Stock.

Messrs. First and Clare will each serve on the Company's
Compensation Committee.  Either Mr. First or Mr. Clare will serve
on each of the Company's other committees although at this time no
determination has been made as to who will serve on any one
committee.  Mr. First is chief investment officer and managing
director of, and Mr. Clare is managing director of, American
Securities Opportunities Advisors, LLC, an affiliate of ASOF.

                  Submission of Matters to a Vote

On Aug. 15, 2014, the ESOP Trust, in its capacity as owner of all
of the outstanding shares of the Common Stock approved by
unanimous written consent, pursuant to the direction of the ESOP
Committee, the adoption of Amendment Number One to the Fourth
Amended and Restated Certificate of Incorporation of the Company.
The Amended Certificate of Incorporation was filed with the
Secretary of State of Delaware on Aug. 18, 2014. The Amendment was
approved to create a staggered Board.

Article "Eighth" of the Amended Certificate of Incorporation was
amended to mandate that directors be classified, with respect to
the time for which they severally hold office, into three classes,
as nearly equal in number as possible as determined from time to
time by the Board, except that no such class will have less than
two directors, and with each such class, directors should hold
office until their respective successors are duly elected and
qualified.

A full-text copy of the Form 8-K disclosure as filed with the U.S.
Securities and Exchange Commission is available for free at:

                        http://is.gd/nuUy2t

                        About Alion Science

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

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

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

                           *     *     *

As reported by the TCR on Aug. 21, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on McLean, Va.-based
Alion Science and Technology Corp. to 'SD' (selective default)
from 'CC'.

"The downgrades follow Alion's completion of a distressed exchange
transaction," said Standard & Poor's credit analyst Martha Toll-
Reed.

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


ALION SCIENCE: S&P Raises CCR to 'B-' on Refinancing; Outlook Neg.
------------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on McLean, Va.-based Alion Science and Technology Corp. to
'B-' from 'SD'.  The rating outlook is negative.

At the same time, S&P assigned its 'B+' issue-level rating to the
$65 million first-out revolver.  The recovery rating is '1',
indicating S&P's expectation for very high recovery (90%-100%) for
the lenders in the event of a payment default.

Additionally, S&P assigned its 'B' issue-level ratings to the $285
million first-lien term facilities.  The recovery ratings are '2',
indicating S&P's expectation for substantial (70%-90%) recovery
for these lenders in the event of a payment default.

S&P also assigned its 'CCC' issue-level ratings to the $70 million
second-lien term loan and $211 million third-lien notes.  The
recovery ratings are '6', indicating S&P's expectation for
negligible (0%-10%) recovery for these creditors in the event of a
payment default.

Finally, S&P raised its issue-level rating on the remaining 10.25%
unsecured notes maturing in Feb. 2015 to 'CCC' from 'D.'  The
recovery rating remains '6', indicating S&P's expectation for
negligible (0%-10%) recovery for the noteholders in the event of a
payment default.

"The rating action follows Alion's completed exchange offer and a
simultaneous refinancing transaction, whereby the company
refinanced nearly its entire capital structure, except for about
$24 million of 10.25% senior unsecured notes, which will mature in
February 2015," said Standard & Poor's credit analyst Jenny Chang.

The transaction enables the company to extend most of its debt
maturities to 2018 and beyond, reset financial covenants allowing
additional headroom, and improve its liquidity profile, which S&P
now view as "adequate."

S&P assess the company's financial risk profile as "highly
leveraged."  Despite the transactions, adjusted leverage remains
very high, exceeding 10x, while interest coverage remains minimal
at below 1x.  S&P do not anticipate leverage and coverage metrics
to improve meaningfully from current levels, given the paid-in-
kind (PIK) feature on the new second-lien term loan and third-lien
notes.  However, S&P expects the elimination of costs associated
with the refinancing efforts, and a recent reversal in consecutive
contract revenue declines, will lead to moderate near-term
improvement in EBITDA.

The negative outlook reflects S&P's concern that a reversal of
recent revenue growth trends would reduce operating earnings and
cash flow, leading to less-than-adequate liquidity.

S&P would lower the rating if funding delays, budget cuts, or a
deteriorating competitive position reverses the recent positive
revenue trends and impairs margins leading to a deteriorating
liquidity position and covenant headroom of less than 10%.

S&P would revise the outlook to stable if, over the next 12
months, the company continues to post sequential revenue growth
while maintaining margins close to historical levels and a
liquidity profile we view as adequate.  An upgrade is not likely
within the current rating horizon.


ALVARION(R) LTD: NASDAQ Council Opts to Delist Securities
---------------------------------------------------------
Alvarion(R) Ltd. (in receivership and liquidation) on Aug. 11
disclosed that it has been advised that the NASDAQ Listing and
Hearing Review Council determined to delist the Company's
securities from The NASDAQ Global Market.  The Company had
previously obtained an extension from the Review Council within
which to evidence compliance with the applicable requirements for
listing on NASDAQ, which expired on July 12, 2014 without the
Company's satisfaction of these requirements.

The Company's securities have been quoted on the OTCQB market
under the trading symbol "ALVRQ" since January 16, 2014 and,
although the Company can provide no assurances, it expects that
its securities will continue to trade OTC going forward.  Trading
in the Company's shares on the Tel Aviv Stock Exchange continues
to be suspended.

                         About Alvarion

With headquarters in Tel Aviv, Israel, Alvarion Ltd. provides
optimized wireless broadband solutions addressing the
connectivity, coverage and capacity challenges of telecom
operators, smart cities, security, and enterprise customers.

The Company reported a net loss of $55.9 million on $49.9 million
of revenue in 2012, compared with a net loss of $33.8 million on
$69.5 million of revenue in 2011.

In July 2013, Alvarion said it has agreed to the appointment of a
receiver and won't contest an attempt by Silicon Valley Bank to
secure a winding up order from theDistrict Court of Tel-Aviv -
Yaffo.

Mr. Yoav Kfir, CPA, has been named as the company's receiver.

The District Court of Tel Aviv -- Yaffo's on July 21, 2013,
approved an operating plan to allow the normal business operation
of the company.


ALTAIR NANOTECHNOLOGIES: Gets Nasdaq Listing Non-Compliance Notice
------------------------------------------------------------------
Altair Nanotechnologies, Inc. on Aug. 19 disclosed that the
Company received a non-compliance letter from the Nasdaq Stock
Market.

On August 18, 2014, Altair received a letter from Nasdaq
indicating that Altair was not in compliance with continuous
listing rule 5250(c)(1) due to its failure to timely file its
Quarterly Report on Form 10-Q for the quarter ended June 30, 2014.
Nasdaq staff had previously granted Altair until July 31, 2014 to
file its Annual Report on Form 10-K for the year ended
December 31, 2013 and until September 30, 2014 to file its
Quarterly Report on Form 10-Q for the period ended March 31, 2014.
Altair failed to file the Form 10-K within the extension period,
and Nasdaq staff is evaluating an explanation and new timeline
submitted by Altair.

As required by the letter from Nasdaq, Altair is issuing this
press release in receipt of the letter.

               About Altair Nanotechnologies, Inc.

Altair -- http://www.altairnano.com-- is a provider of high-
power, energy storage systems for the electric grid, industrial
equipment and transportation markets.  The company's lithium
titanate technology is built on a proprietary nano-scale
processing technology that creates high-power, rapid-charging
battery systems with industry-leading performance and cycle life.
Altair is headquartered in Anderson, Indiana and maintains
operations in Reno, Nevada; Zhuhai, China; and Wu'an, China.


AMERICAN BREWING: Reports $225K Net Loss for Q2 Ended June 30
-------------------------------------------------------------
American Brewing Company, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $225,925 on $267,391 of revenue for
the three months ended June 30, 2014, compared with a net loss of
$42,463 on $258,293 of revenue for the same period in 2013.

The Company's balance sheet at June 30, 2014, showed
$1.29 million in total assets, $652,783 in total liabilities, and
total stockholders' equity of $642,796.

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

                       http://goo.gl/63UzHt

American Brewing Company, Inc., was formed under the laws of the
State of Washington on April 26, 2010. The Company is a micro
brewing company based out of Edmonds, Washington, and currently
has four beers in its portfolio and continues to develop new
flavors for distribution to its customers.


AMERICAN MEDIA: Moody's Lowers Rating on $385MM Notes to Caa1
-------------------------------------------------------------
Moody's Investors Service has revised American Media, Inc.'s
("American Media," "AMI" or the "company") Probability of Default
Rating (PDR) to Caa1-PD/LD from Caa1-PD in response to the
company's August 18, 2014 announcement of a distressed debt
exchange in which American Media entered into an exchange
agreement with investors who recently acquired the company to
convert $121.3 million of Second-Lien Notes into equity. The PDR
will be revised back to Caa1-PD after three business days. The
rating action results from Moody's practice of interpreting
circumstances in which a debt holder accepts a compromise offering
involving subordination as an indication of an untenable debt
capital structure and constituting it as a default; hence the
"/LD" component of the PDR to signal the "limited default" that
has been deemed to have occurred on the exchanged securities.
While no payment default has transpired and there are no debt
maturities until 2017, the debt-for-equity exchange, which is
designed to reduce debt and $12.4 million of annual interest
expense, represents the occurrence of a deemed default.

The transaction does not materially change the company's liquidity
position, its future prospects, or any of the parameters with
which Moody's assesses AMI's ratings. Accordingly, AMI's Corporate
Family Rating (CFR) is affirmed at Caa1, its Speculative Grade
Liquidity rating is affirmed at SGL-4, and the rating outlook
remains negative. As noted below, the revisions to the company's
debt composition alter the relative proportions of
structural/contractual subordination that result in changes to
applicable instrument ratings and loss given default assessments
for individual instruments. As a result of the sizable amount of
second-lien junior debt eliminated from AMI's capital structure,
the First-Lien Senior Secured Notes will now sustain a higher loss
absorption in a distressed scenario under Moody's Loss Given
Default (LGD) Methodology.

Ratings Downgraded:

Issuer: American Media, Inc.

  $385 Million ($362.5 Million outstanding) 11.5% Senior Secured
  First-Lien Notes due December 2017 to Caa1 (LGD-4) from B3
  (LGD-3)

Ratings Affirmed:

Issuer: American Media, Inc.

  Corporate Family Rating -- Caa1

  Speculative Grade Liquidity Rating -- SGL-4

  $105 Million ($3.5 Million outstanding) 13.5% Senior Secured
  Second-Lien Notes due June 2018 -- Caa3 (LGD-6)

Ratings Rationale

American Media's Caa1 CFR reflects the company's elevated total
debt to EBITDA leverage that Moody's expect will climb to the 8-9x
range (Moody's adjusted) over the rating horizon from about 8x as
of June 30, 2014 as a result of lower EBITDA performance that
stems from a reduction in circulation sales associated with the
bankruptcy filing of AMI's second largest publications wholesaler,
Source Interlink Distribution ("Source"). The rating also captures
AMI's weak liquidity profile and deteriorating EBITDA cushion
under the revolver's first-lien leverage covenant, which required
covenant relief through a recent amendment to the credit facility.
Ratings are further constrained by the negative impact from the
secular decline in circulation of print-based weekly celebrity
tabloids and monthly magazines, increasing fragmentation across
various digital platforms (e.g., websites, mobile, tablets, video
and social media), pricing pressures in the magazine advertising
market and competition from deep-pocketed rivals. These factors
will increasingly test AMI's ability to continually reduce
manufacturing and operating expenses to keep credit metrics from
deteriorating further. Though management continues to execute cost
reduction initiatives to approach annual EBITDA targets, Moody's
remain concerned that additional cost takeouts will be harder to
achieve, which Moody's believe will be necessary to address longer
term secular pressures that are negatively impacting the print
media industry.

Ratings are supported by the strong brand name, reputation and
readership loyalty of AMI's flagship titles including Star, Shape,
National Enquirer, OK!, and Muscle & Fitness, as well as the
ability to partially offset declining newsstand and subscription
revenue by raising cover prices, increasing number of ad pages per
magazine, publishing additional special issues for key
publications and optimizing print programs designed to reduce
manufacturing and distribution costs (e.g., smaller magazine sizes
as well as paper rate savings through in-house purchasing).
Liquidity is weak with around $15 million of cash and $4.6 million
of borrowing capacity under the $40 million revolving credit
facility as of June 30, 2014. Moody's project free cash flow will
be under $10 million in fiscal 2015.

Rating Outlook

The negative rating outlook reflects Moody's expectation for lower
circulation sales over the near-term as well as the possibility
that the revenue decline could be bigger than anticipated and/or
the transition period could take longer than expected. Negative
pressure is further exacerbated by AMI's exposure to newsstand
sales, which account for about 45% of total revenue. In addition,
Moody's continue to expect continued secular decline in
traditional print-based magazine publishing due to increasing
alternatives for magazine and tabloid delivery across various
digital platforms. As such, Moody's believe there is a risk that
AMI's revenue and cash flow could experience permanent reduction
if consumers do not resume purchasing AMI's publications and
circulation does not revert to prior levels after the company
reallocates Source's distribution business to its other
wholesalers.

What Could Change the Rating -- DOWN

Ratings could be lowered due to higher-than-expected declines in
circulation or print advertising demand resulting in further free
cash flow deterioration and inability to reduce debt balances or
meet financial maintenance covenants. Ratings could also be
downgraded if weaker EBITDA, debt-financed acquisitions or other
leveraging events result in higher-than-expected total debt to
EBITDA ratios (includes Moody's standard adjustments) that diverge
from Moody's expectations.

What Could Change the Rating -- UP

An upgrade is unlikely over the near-term, however the outlook
could be stabilized if circulation sales revert to prior levels,
advertising revenue improves, or incremental service revenue
and/or higher cover prices offset circulation declines resulting
in neutral to positive free cash flow generation, debt reduction
and total debt to EBITDA sustained comfortably below 6x (includes
Moody's standard adjustments).

The principal methodology used in this rating was Global
Publishing Industry published in December 2011. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.

Headquartered in Boca Raton, Fl, American Media, Inc. is a leading
publisher of celebrity weekly journals including Star, OK!, and
National Enquirer as well as health and fitness magazines
including Shape and Men's Fitness, published 10 times per year.
The company also provides services to other publishers and
arranges for the placement of owned publications and third party
publications with retailers.


AMERICAN POWER: Files 2013 Conflict Minerals Report
---------------------------------------------------
American Power Group Corporation filed with the U.S. Securities
and Exchange Commission a specialized disclosure report on Form SD
in accordance with a rule mandated by the Dodd-Frank Wall Street
Reform and Consumer Protection Act to require companies to
publicly disclose their use of conflict minerals that originated
in the Democratic Republic of the Congo (DRC) or an adjoining
country.

The Company said it has evaluated its products and has determined
that tantalum, tin, tungsten and gold, collectively "conflict
minerals," as defined by the SEC, are necessary to the
functionality or production of our products.

"We assemble our products from of parts and materials purchased
from numerous suppliers.  We exercised due diligence regarding the
source and chain of custody of our conflict minerals by conducting
a supply-chain survey and/or making inquiries with direct
suppliers of materials containing or potentially containing
conflict minerals.  We do not currently have sufficient
information from our suppliers or other sources to determine the
country of origin of the conflict minerals in our products or to
identify the facilities used to process those conflict minerals.
We are therefore unable, after exercising our due diligence, to
determine whether our products contain conflict minerals that may
have originated from the Democratic Republic of the Congo or an
adjoining country (the "DRC").  As such, our products produced in
the calendar year 2013 are DRC Conflict Undeterminable."

A copy of the Company's Conflict Minerals Report for the reporting
period Jan. 1, 2013, to Dec. 31, 2013, is available for free at:

                        http://is.gd/o7yePn

                    About American Power Group

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

American Power incurred a net loss available to common
stockholders of $2.92 million for the year ended Sept. 30, 2013, a
net loss available to common stockholders of $14.66 million for
the year ended Sept. 30, 2012, and a net loss available to common
shareholders of $6.81 million for the year ended Sept. 30, 2011.

As of June 30, 2014, the Company had $9.58 million in total
assets, $5.67 million in total liabilities and $3.90 million in
total stockholder's equity.


AMERITOX LTD: Moody's Assigns 'B1' Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service assigned a B1 Corporate Family Rating
and B2-PD Probability of Default Rating to Ameritox, Ltd. Moody's
also assigned a B1 (LGD 3) rating to the company's proposed senior
secured credit facilities. Moody's understands that the proceeds
of the new facilities will be used to refinance Ameritox's
existing debt. The rating outlook is stable.

Following is a summary of the ratings assigned.

  Corporate Family Rating at B1
  Probability of Default Rating at B2-PD
  Senior secured revolving credit facility at B1 (LGD 3)
  Senior secured term loan at B1 (LGD 3)

Ratings Rationale

Ameritox's B1 Corporate Family Rating reflects the company's
modest scale and the risks associated with turning around the core
toxicology testing business following volume declines and Moody's
expectation of continued pricing pressure. However, the rating
also reflects Moody's anticipation of modest earnings improvement
over the next 12 -- 18 months based on the recent acquisition of
PRIUM, which provides medical cost management services to the
workers' compensation market, a consolidation of the company's lab
operations and initiatives to improve the effectiveness of
Ameritox's sales force. The rating also reflects Moody's
expectation that the company will continue to operate with modest
leverage and strong interest coverage and maintain an adequate
liquidity profile.

The stable rating outlook reflects Moody's expectation that the
company will remain disciplined with respect to the use of
leverage for acquisitions or share repurchases. Moody's also
expects that the company will stem volume losses and begin to see
benefits from recent sales and cost cutting initiatives.

The ratings could be upgraded if Ameritox can effectively manage
expected reimbursement pressure while sustainably growing revenue
through increased volumes while maintaining its healthy margins.
If the company can increase its scale and diversity without
significant detriment to its credit metrics, Moody's could also
upgrade the rating.

The ratings could be downgraded if the company continues to
experience declining revenue associated with reimbursement changes
or continuing loss of volumes, or a considerable deterioration of
its margins. Moody's could downgrade the ratings if debt/EBITDA
increases and is expected to be sustained above 4.0 times.
Additionally, the ratings could be downgraded if the company's
liquidity position weakens or if it engages in a material debt
financed acquisition or shareholder action.

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

Ameritox, Ltd., headquartered in Baltimore, MD, is a provider of
testing services, including abuse and pain management and
prescription drug monitoring services. These services are provided
to medical practitioners and other healthcare providers, including
physicians, pain management clinics, toxicologists, hospitals and
universities. The company also operates a complex claims
intervention business providing solutions for the workers'
compensation industry.


AMERITOX LTD: S&P Assigns 'B-' CCR & Rates $197.5MM Debt 'B-'
-------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B-' corporate
credit rating to Ameritox Ltd.  At the same time, S&P assigned a
'B-' issue-level rating with a '3' recovery rating to the new
$197.5 million first-lien credit facility, which includes an
undrawn $17.5 million revolving credit line.  The '3' recovery
rating reflects S&P's expectation for meaningful (50%-70%)
recovery in the event of a payment default.

"Our business risk profile assessment reflects Ameritox's small
size, narrow business focus, limited market share, significant
reimbursement exposure to government programs, and our view that
the company operates in a highly competitive and fragmented market
space with fairly low barriers to entry," said credit analyst
Maryna Kandrukhin.  "The company's ongoing operating weakness and
declining profit margins further impair its business risk profile
assessment. Ameritox's adequate diversity profile and modest
competitive advantage stemming from their unique quantitative
testing model Rx Guardian only partially offset the described
weaknesses."

The stable outlook reflects S&P's expectation that, despite the
projected volume-driven low-single-digit revenue growth starting
in 2015 and moderate free cash flow generation, the upcoming
Medicare reimbursement rate reductions will contribute to
continued EBITDA margin erosion over the following several years
sustaining the company's leverage ratio above 5x.

Downside Scenario

S&P could lower the rating if Ameritox continues losing its market
share leading to weaker sales and further declines in EBITDA
margin that result in negative cash flow generation and reduced
liquidity position.  If, following such a scenario, Ameritox's
capital structure appears unsustainable, S&P could lower the
company's credit rating into the 'CCC' category.

Upside Scenario

S&P could consider raising the rating if the company's operating
performance experiences a rapid rebound beyond S&P's current
projections.  If Ameritox grows its market share at a double-digit
rate, sustains its profitability closer to its historical levels,
rather than in the projected low-twenties range, and generates
strong cash flow, S&P could reconsider its assessment of the
company's business risk profile and raise its credit rating.


AMMED SURGICAL: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: AmMed Surgical Equipment, LLC
        3801 Corporex Park Dr., Suite 120
        Tampa, FL 33619

Case No.: 14-09801

Chapter 11 Petition Date: August 22, 2014

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

Judge: Hon. Rodney May

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

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

Estimated Liabilities: $10 million to $50 million

The petition was signed by Barry M. Snyder, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flmb14-09801.pdf


AMSTERDAM HOUSE: Judge Rules Patient Care Ombudsman Unnecessary
---------------------------------------------------------------
A federal judge ordered the U.S. trustee, the Justice Department's
bankruptcy watchdog, to refrain from appointing a patient care
ombudsman in the Chapter 11 case of Amsterdam House Continuing
Care Retirement Community, Inc.

In a four-page decision, U.S. Bankruptcy Judge Alan Trust said the
appointment of a patient care ombudsman "is not necessary for the
protection of patients under the specific circumstances of this
case at this time."

Judge Trust, however, added that he may order the appointment of a
patient care ombudsman any time if he finds "a change in
circumstances or newly discovered evidence that demonstrates the
necessity of an ombudsman."

The bankruptcy judge authorized Amsterdam House to file its own
report to monitor the quality of care provided to its patients.

                       About Amsterdam House

Amsterdam House Continuing Care Retirement Community, Inc., owns
and operates Harborside, an upscale retirement community is
situated on 8.9 acres in Port Washington, New York.  Harborside
-- http://www.theamsterdamatharborside.com/-- is Nassau County's
first and only CCRC licensed under Article 46 of the New York
Public Health Law.  CCRCs provide senior citizens with a full
range of living accommodations and healthcare services during
their retirement years.  Harborside currently offers 329 units of
varying sizes for independent, enriched, and skilled nursing care.

Amsterdam House filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 14-73348) on July 22, 2014, in Central Islip,
New York, to implement a prenegotiated bankruptcy-exit plan.

The case is assigned to Judge Alan S Trust.

Ingrid Bagby, Esq., at Cadwalader Wickersham & Taft LLP, serves as
the Debtor's counsel.  Grant Thornton LLP serves as financial
advisors, Herbert J. Sims & Co., Inc., serves as investment
bankers, and Kurtzman Carson Consultants LLC acts as claim and
noticing agent.

The Company said that total assets were $286 million and debt was
$437 million as of April 30, 2014.


AMSTERDAM HOUSE: Gets Interim Approval to Use Cash Collateral
-------------------------------------------------------------
U.S. Bankruptcy Judge Alan Trust on August 13 signed off on an
order authorizing Amsterdam House Continuing Care Retirement
Community, Inc. to use the cash collateral of UMB Bank NA.

This is the second time Amsterdam House won interim court approval
to use cash securing its pre-bankruptcy debt owed to UMB Bank,
which serves as trustee for certain revenue bonds.

Pursuant to Judge Trust's order, Amsterdam House can use the cash
collateral until (i) the occurrence of a so-called "termination
event" or (ii) the last day included in the cash collateral
budget.

Amsterdam House can access up to $2.22 million from the entrance
fee fund to pay resident refunds required under its agreements
with the residents of Harborside.  Such authorization will be
effective only after Amsterdam House expends $2.35 million from
operating revenues generated during its bankruptcy case or from
funds held in its operating account to pay the refunds.

A copy of the court order and the cash collateral budget can be
accessed for free at http://is.gd/Fa96hg

Judge Trust will hold a hearing on Sept. 2 to consider final
approval of the request.

                       About Amsterdam House

Amsterdam House Continuing Care Retirement Community, Inc., owns
and operates Harborside, an upscale retirement community is
situated on 8.9 acres in Port Washington, New York.  Harborside
-- http://www.theamsterdamatharborside.com/-- is Nassau County's
first and only CCRC licensed under Article 46 of the New York
Public Health Law.  CCRCs provide senior citizens with a full
range of living accommodations and healthcare services during
their retirement years.  Harborside currently offers 329 units of
varying sizes for independent, enriched, and skilled nursing care.

Amsterdam House filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 14-73348) on July 22, 2014, in Central Islip,
New York, to implement a prenegotiated bankruptcy-exit plan.

The case is assigned to Judge Alan S Trust.

Ingrid Bagby, Esq., at Cadwalader Wickersham & Taft LLP, serves as
the Debtor's counsel.  Grant Thornton LLP serves as financial
advisors, Herbert J. Sims & Co., Inc., serves as investment
bankers, and Kurtzman Carson Consultants LLC acts as claim and
noticing agent.

The Company said that total assets were $286 million and debt was
$437 million as of April 30, 2014.


AMSTERDAM HOUSE: Gets Approval to Assume Plan Support Agreement
---------------------------------------------------------------
Amsterdam House Continuing Care Retirement Community, Inc.
received court approval to assume an agreement with bondholders
supporting its proposed reorganization plan.

Amsterdam House entered into the agreement with holders of at
least 75% of the outstanding aggregate principal amount of its
2007 bonds to support a restructuring of those bonds.

Under the proposed financial restructuring, the 2007 bonds will be
exchanged for new bonds to be issued by Nassau County Industrial
Development Authority pursuant to Amsterdam House's proposed plan.

The plan contemplates that NCIDA will issue revenue bonds pursuant
to a new Indenture of Trust with UMB Bank NA.  If the plan is
confirmed, each bondholder will exchange the 2007 bonds for its
pro rata share of the principal amount of the new bonds.  The
bondholder  will also receive payment in full in cash on account
of its allocable share of accrued and unpaid interest on its 2007
bonds.

                       About Amsterdam House

Amsterdam House Continuing Care Retirement Community, Inc., owns
and operates Harborside, an upscale retirement community is
situated on 8.9 acres in Port Washington, New York.  Harborside
-- http://www.theamsterdamatharborside.com/-- is Nassau County's
first and only CCRC licensed under Article 46 of the New York
Public Health Law.  CCRCs provide senior citizens with a full
range of living accommodations and healthcare services during
their retirement years.  Harborside currently offers 329 units of
varying sizes for independent, enriched, and skilled nursing care.

Amsterdam House filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 14-73348) on July 22, 2014, in Central Islip,
New York, to implement a prenegotiated bankruptcy-exit plan.

The case is assigned to Judge Alan S Trust.

Ingrid Bagby, Esq., at Cadwalader Wickersham & Taft LLP, serves as
the Debtor's counsel.  Grant Thornton LLP serves as financial
advisors, Herbert J. Sims & Co., Inc., serves as investment
bankers, and Kurtzman Carson Consultants LLC acts as claim and
noticing agent.

The Company said that total assets were $286 million and debt was
$437 million as of April 30, 2014.


AUXILIUM PHARMACEUTICALS: Inks Separation Pact with Former CFO
--------------------------------------------------------------
Auxilium Pharmaceuticals, Inc., entered into a separation of
employment agreement and general release with James E.
Fickenscher, the former chief financial officer of the Company,
according to a regulatory filing with the U.S. Securities and
Exchange Commission.

In consideration for the releases provided by Mr. Fickenscher in
the Separation Agreement, and for his continuing compliance with
the obligations contained in the Separation Agreement, the Company
will provide Mr. Fickenscher severance benefits in accordance with
terms of the Amended and Restated Employment Agreement dated
Dec. 19, 2013, including, among other things, payments in the
gross amount of $402,000, payable in 12 monthly installments
commencing within 60 days of the Termination Date and payments in
the gross amount of $205,724, one times the average annual bonus
for last 2 fiscal years, payable in 12 monthly installments
commencing within 60 days of the Termination Date.

In consideration for the severance payments and other benefits,
Mr. Fickenscher has waived and released any and all waivable
claims against the Company, other than any claims relating to the
validity or enforcement of the Separation Agreement, for
indemnification, advancement and reimbursement of legal fees and
directors and officers liability insurance to which he is entitled
under the Employment Agreement, claims that may arise after the
date on which the Separation Agreement is signed, and claims to
any accelerated vesting or post-termination exercise rights
provided under the Employment Agreement or any applicable equity
plan or award agreement.

Mr. Fickenscher may revoke the Separation Agreement for a period
of seven days from its execution.  The Separation Agreement will
not become effective until the seven day revocation period has
ended.

                           Study Results

Auxilium announced positive results from a randomized, double-
blind Phase 2a study of collagenase clostridium histolyticum (or
CCH) for the treatment of edematous fibrosclerotic panniculopathy
(EFP), commonly known as cellulite.  In the Phase 2a trial, all
three doses of CCH (low (0.06mg), mid (0.48mg) and high (0.84mg))
showed an improvement in the appearance of cellulite as measured
by the trial endpoints of an investigator and a patient score on
the Global Aesthetic Improvement Scale (GAIS), which was adapted
by the Company for use in cellulite.  The mid and high dose groups
demonstrated a statistically significant improvement in the
appearance of cellulite, as measured by GAIS scores, with a p-
value of <0.05 compared to placebo for both endpoints.  In the mid
and high dose groups, 68 percent of patients reported being
"Satisfied" or "Very Satisfied" with the results of their
treatment, compared to only 34 percent of patients randomized to
placebo.  Positive and consistent results were also demonstrated
across the trial's other endpoints, including Physician and
Patient assessed Composite Responder Analyses.  CCH was well-
tolerated by all dose groups with most adverse events (AEs) being
mild to moderate and primarily limited to the local injection
area.

"We continue to be encouraged by the promising and positive
results of our CCH program, specifically these Phase 2a data in
the cellulite indication," said Adrian Adams, chief executive
officer and president of Auxilium Pharmaceuticals.  "We believe
these data establish proof-of-concept for CCH as a potential
treatment for cellulite and enable Auxilium to pursue our
development and regulatory strategy to most efficiently and
effectively advance this exciting program.  We look forward to
initiating a planned Phase 2b clinical trial in the second quarter
of 2015."

A full-text copy of the press release as filed with the U.S.
Securities and Exchange Commission is available for free at:

                        http://is.gd/ZuXkhe

                          About Auxilium

Auxilium Pharmaceuticals, Inc. -- http://www.Auxilium.com/-- is a
fully integrated specialty biopharmaceutical company with a focus
on developing and commercializing innovative products for
specialist audiences.  With a broad range of first- and second-
line products across multiple indications, Auxilium is an emerging
leader in the men's healthcare area and has strategically expanded
its product portfolio and pipeline in orthopedics, dermatology and
other therapeutic areas.

Auxilium now has a broad portfolio of 12 approved products.  Among
other products in the U.S., Auxilium markets edex(R) (alprostadil
for injection), an injectable treatment for erectile dysfunction,
Osbon ErecAid(R), the leading device for aiding erectile
dysfunction, STENDRATM (avanafil), an oral erectile dysfunction
therapy, Testim(R) (testosterone gel) for the topical treatment of
hypogonadism, TESTOPEL(R) (testosterone pellets) a long-acting
implantable testosterone replacement therapy, XIAFLEX(R)
(collagenase clostridium histolyticum or CCH) for the treatment of
Peyronie's disease and XIAFLEX for the treatment of Dupuytren's
contracture.

The Company also has programs in Phase 2 clinical development for
the treatment of Frozen Shoulder syndrome and cellulite.

The Company's balance sheet at June 30, 2014, showed $1.11 billion
in total assets, $935.82 million in total liabilities and $179.40
million in total stockholders' equity.

                           *     *     *

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

In the Aug. 20, 2014, edition of the TCR, Standard & Poor's
Ratings Services affirmed its 'CCC' corporate credit rating on
Auxilium Pharmaceuticals Inc. following the company's announcement
that it had obtained an amendment to its credit agreement
permitting the change of control associated with the company's
proposed merger with a Canadian biotechnology firm QLT Inc.  The
outlook is negative.


AZIZ CONVENIENCE: Parties Agree to Extend Use of Cash Collateral
----------------------------------------------------------------
The Bankruptcy Court approves the stipulation and second interim
order authorizing Aziz Convenience Stores, LLC's use of cash
collateral and providing adequate protection to PlainsCapital
Bank.

The parties agree that PlainsCapital has first-priority liens in
Aziz's assets to secure payment of about $27.5 million in debt and
obligations.

The parties further agree to approve the limited use of cash
collateral to pay these projected cash disbursements to vendors
from August 8 to 11, 2014:

   (a) payroll up to $102,052; and

   (b) payment to Valero of up to $162,365 for purchases on
       August 9, 2014, and up to $211,621 for purchases on
       August 10, 2014.

As adequate protection for the use of cash collateral,
PlainsCapital is granted valid and automatically perfected
first-priority replacement liens and security interests in all of
Aziz's assets.

Aziz will keep insurance coverage on all collateral securing debts
owed to PlainsCapital.

PlainsCapital is represented by:

     Vicki M. Skaggs, Esq.
     ATLAS, HALL & RODRIGUEZ LLP
     818 Pecan Blvd.
     McAllen, TX 78501
     Tel: 956-682-5501

          - and -

     Marcus A. Helt, Esq.
     Evan Baker, Esq.
     GARDERE WYNNE SEWELL LLP
     1601 Elm Street, Suite 3000
     Dallas, TX 75201-4761
     Tel: 214-999-3000

Aziz Convenience Stores is represented by:

     William A. Csabi, PC
     1213 E. Tyler
     Harlingen, TX 78550
     Tel: 956-412-2727

Aziz Convenience Stores, L.L.C., owner of convenience stores with
gas pumps in Texas, filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Tex. Case No. 14-70427) in its hometown in McAllen, Texas, on
Aug. 4, 2014, without stating a reason.

The Debtor owns properties in Mission, San Juan, Pharr, McAllen,
Sullivan City, Edinburg, La Joya, Donna, Alamo, Alton, Edinburg,
all in Texas.  It appears that none of the Debtor's convenience
stores are on leased property as the schedule of unexpired leases
only shows the contract with Valero LP.

The Debtor is represented by William A Csabi, Esq., from
Harlingen, Texas.  For his legal services, Mr. Csabi agreed to
accept $65,000 from the Debtor, with the $12,500 already paid
prepetition.


AZIZ CONVENIENCE: Wants to Hire Okin & Adams as Counsel
-------------------------------------------------------
Aziz Convenience Stores, L.L.C., asks permission from the U.S.
Bankruptcy Court for the Southern District of Texas to employ Okin
& Adams LLP as its counsel.

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

   a) advise the Debtor with respect to its rights, duties and
      powers in this case;

   b) assist and advise the Debtor in its consultations relative
      to the administration of this case; and

   c) assist the Debtor in analyzing the claims of the creditors
      and in negotiating with such creditors.

Okin & Adams received from the Debtor an initial retainer of
$20,000, which was funded on August 11, 2014.  An additional
$10,000 will be funded, by the equity interest owners of the
Debtor, no later than August 25, 2014.  In the event a final cash
collateral order with a carve-out for attorney fees is not
approved by September 8, 2014, the equity interest owners of the
Debtor will fund an additional $10,000 on that date.

The Debtor proposes to pay Okin & Adams the Firm for the services
rendered based on the Firm's rates, which are:

    Professional                      Rates
    ------------                      -----

    Matthew S. Okin, Partner          $395 per hour
    Christopher Adams, Partner        $375 per hour
    George Y. Nino, Of Counsel        $375 per hour
    Ruth E. Piller, Of Counsel        $305 per hour

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

                    About Aziz Convenience

Aziz Convenience Stores, L.L.C., owner of convenience stores with
gas pumps in Texas, filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Tex. Case No. 14-70427) in its hometown in McAllen, Texas, on
Aug. 4, 2014, without stating a reason.

The Debtor owns properties in Mission, San Juan, Pharr, McAllen,
Sullivan City, Edinburg, La Joya, Donna, Alamo, Alton, Edinburg,
all in Texas.  It appears that none of the Debtor's convenience
stores are on leased property as the schedule of unexpired leases
only shows the contract with Valero LP.

The Debtor is represented by William A Csabi, Esq., from
Harlingen, Texas.  For his legal services, Mr. Csabi agreed to
accept $65,000 from the Debtor, with the $12,500 already paid pre-
bankruptcy.


AZIZ CONVENIENCE: Seeks to Hire Claro Group as Financial Advisor
----------------------------------------------------------------
Aziz Convenience Stores, L.L.C., asks permission from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Claro Group, LLC, as its financial advisor and consultant and
Douglas J. Brickley as chief restructuring officer.

As advisor and consultant, Claro Group will be tasked to provide
these services:

   a. analyze the cash position and cash needs of the Debtor and
      all related entities and businesses;

   b. analyze claims against assets held by the Debtor and all
      related entities and businesses; and

   c. provide technical and analytical support with regard to the
      abandonment, return or liquidation of the Debtor's assets.

As CRO, Mr. Brickley will exercise these powers as an officer of
the Debtor:

   (1) Execute and/or file, or cause to be executed and/or
       filed (or to direct others to do so on behalf of the
       Debtor) all necessary documents in connection with the
       Debtor's Chapter 11 Case, including, but not limited to,
       all affidavits, motions, lists, applications, pleadings and
       other papers, and all amendments and supplements;

   (2) Prepare and execute a plan of reorganization for the
       Debtor containing terms and conditions that the CRO
       determines to be in the best interests of the Debtor
       and its bankruptcy estate and to submit such plan and any
       and all subsequent amendments, modifications, changes or
       additions to the Debtor's creditors and the Bankruptcy
       Court for approval pursuant to the requirements of the
       Bankruptcy Code; and

   (3) Take or cause to be taken in the name of the Debtor all
       other and further actions and to execute, deliver, and
       perform for and on behalf of the Debtor, as debtor and
       debtor-in-possession, any documents, agreements,
       settlements, guaranties, instruments, or undertakings as he
       may deem necessary or appropriate to confirm a plan of
       reorganization and conduct the Chapter 11 Case in a manner
       that maximizes the value of the Debtor.

The Debtor proposes to pay Claro Group for its services based on
the Firm's rates, which are:

     Professional                       Rates
     ------------                     ---------
     Managing Directors               $450-$495
     Directors/Senior Advisors        $350-$440
     Managers/Sr. Managers            $250-$350
     Analysts/Senior Consultants      $150-$295
     Admin                             $90-$125

                     About Aziz Convenience

Aziz Convenience Stores, L.L.C., owner of convenience stores with
gas pumps in Texas, filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Tex. Case No. 14-70427) in its hometown in McAllen, Texas, on
Aug. 4, 2014, without stating a reason.

The Debtor owns properties in Mission, San Juan, Pharr, McAllen,
Sullivan City, Edinburg, La Joya, Donna, Alamo, Alton, Edinburg,
all in Texas.  It appears that none of the Debtor's convenience
stores are on leased property as the schedule of unexpired leases
only shows the contract with Valero LP.

The Debtor is represented by William A Csabi, Esq., from
Harlingen, Texas.  For his legal services, Mr. Csabi agreed to
accept $65,000 from the Debtor, with the $12,500 already paid
prepetition.


BAYTEX ENERGY: S&P Affirms 'BB' Corp. Credit Rating
---------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB' long-term
corporate credit rating and senior unsecured debt rating on
Calgary, Alta.-based Baytex Energy Corp.  The outlook is stable.
The '3' recovery rating on the company's senior unsecured debt is
unchanged, and indicates S&P's expectation of meaningful recovery
(50%-70%) in a default scenario.

Along with the affirmation, S&P is revising its assessment of
Baytex's financial risk profile to "significant" from
"intermediate," reflecting both S&P's assessment of its relatively
strong core ratios, and weaker free operating cash flow to debt
metrics during our 2014-2016 outlook period.  As a result of this
revision, S&P has revised its anchor score on the company to 'bb'
from 'bb+'.  "However, we believe Baytex's overall credit profile
remains commensurate with the 'BB' rating, so we are also removing
the negative comparable rating analysis modifier previously
applied to the 'bb+' anchor," said Standard & Poor's credit
analyst Michelle Dathorne.

The ratings reflect Standard & Poor's view of Baytex's increasing
balance sheet leverage, and diminishing free operating cash flow
generation, as the company pursues its organic growth objectives.
S&P believes Baytex's improved competitive position, which the
Aurora Oil & Gas Ltd. acquisition strengthened, and its enhanced
profitability profile offset these weaknesses.

The company operates in three core areas with high organic growth
prospects: the Peace River oil sands area in Alberta, the
Lloydminster heavy oil area in Saskatchewan, and the Eagle Ford
shale in Texas.  Its upstream portfolio consists of conventional
and thermal heavy oil; light oil and natural gas in the Western
Canada Sedimentary Basin; and light oil, natural gas liquids
(NGLs), and natural gas in Texas' Eagle Ford region.

The stable outlook reflects S&P's view that Baytex's business risk
and financial risk profiles will continue to support the 'BB'
rating during S&P's outlook period, despite the near-term
deterioration in leverage and cash flow metrics following the
Aurora acquisition.  Pro forma the acquisition, the company's
product mix has expanded to include light oil, NGLs, and a greater
portion of natural gas.  S&P expects its upstream product mix will
include increasing light oil, NGL and natural gas volumes as it
proceeds with its organic growth strategy.

S&P would lower the rating, if the volatility of Baytex's cash
flow increases, such that its fully adjusted debt to EBITDA
increased above 4x and funds from operations-to-debt fell below
20%, or if the company's liquidity position becomes "less than
adequate."

Baytex's key upstream characteristics, specifically the scale and
scope of its reserves and production, the current proved developed
component of its reserves, and reserve life index (RLI) remain
much weaker than those of other exploration and production
companies with a fair business risk profile.  The company will
need to strengthen these components of its business risk profile
to warrant an upgrade to 'BB+'.  If it bolsters its proved
developed reserves to 60% or higher, and extend its RLI into the
six-to-eight-year range, S&P would consider raising the rating to
'BB+'.


BERNARD L. MADOFF: Judge Denies Claims in Retirement Accounts
-------------------------------------------------------------
Sara Randazzo, writing for The Wall Street Journal, reported that
Judge Stuart Bernstein of the U.S. Bankruptcy Court for the
Southern District of New York ruled on Aug. 22 that people whose
employers invested their retirement funds with Bernard Madoff
cannot recover money from the liquidation of the imprisoned Ponzi
schemer's firm because they weren't direct customers of the
operator.  According to the report, Judge Bernstein agreed with
Irving Picard, the court-appointed trustee winding down Mr.
Madoff's investment firm, that the claims, which total 308, should
be thrown out because the individuals couldn't prove that they
entrusted their money directly to the firm.

                     About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the
customers of BLMIS are in need of the protection afforded by the
Securities Investor Protection Act of 1970.  The District Court's
Protective Order (i) appointed Irving H. Picard, Esq., as trustee
for the liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP
as his counsel, and (iii) removed the SIPA Liquidation proceeding
to the Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland, J.).  Mr. Picard has retained AlixPartners LLP as claims
agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno, and
Steven Morganstern -- assert US$64 million in claims against Mr.
Madoff based on the balances contained in the last statements they
got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan.  In June
2009, Judge Lifland approved the consolidation of the Madoff SIPA
proceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to
150 years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims, with the fourth
and latest batch of distributions done in May 2014.  Distributions
to eligible claimants have totaled almost $6 billion, which
includes $812.2 million in committed advances from the SIPC.  More
than 1,100 victims have already recovered the full principal they
lost in the fraud.

As of May 2014, Mr. Picard has recovered or reached agreements to
recover $9.8 billion since his appointment in December 2008.


BIRKS GROUP: Reports $5.8-Mil. Net Loss in FY Ended March 29
------------------------------------------------------------
Birks Group Inc. reported a net loss of $5.8 million on $281.16
million of net sales for the fiscal year ended March 29, 2014,
compared with a net income of $1.51 million on $292.76 million of
net sales for the fiscal year ended March 30, 2013.

In its annual report on Form 20-F for the fiscal year ended
March 29, 2014, filed with the U.S. Securities and Exchange
Commission on July 25, 2014, the Company said it believes that it
will be able to adequately fund its operations and meet its cash
flow requirements for at least the next twelve months.  This
determination, however, could be impacted by future economic,
financial and competitive factors, as well as other future events
that are beyond the Company?s control.  If any of the factors or
events described previously result in operating performance being
significantly lower than currently forecasted or if the Company's
senior lenders impose additional restrictions on its ability to
borrow on the Company's collateral or if the Company does not
maintain positive excess availability under its senior secured
revolving credit facilities, there could be significant
uncertainty about the Company's ability to continue as a going-
concern, and its capacity to realize the carrying value of its
assets and repay its existing and future obligations as they
generally become due without obtaining additional financing which
may not be available.

The Company's balance sheet at March 29, 2014, showed
$190.49 million in total assets, $176.87 million in total
liabilities, and stockholders' equity of $13.62 million.

A copy of the Form 20-F is available at:

                       http://is.gd/JKR7Q4

Birks Group Inc. designs, develops, makes, and retails fine
jewelry, timepieces, sterling silver, and gifts in the United
States and Canada.  The company offers designed products, as well
as various merchandise, including designer jewelry, diamond,
gemstone and precious metal jewelry, rings, wedding bands,
earrings, bracelets, necklaces, charms, timepieces, and gifts.  As
of May 31, 2014, it operated 51 luxury jewelry stores; 30 stores
under the Birks brand in Canada; 2 retail locations in Calgary and
Vancouver under the Brinkhaus brand; 18 stores under the Mayors
brand, located in Florida and Georgia; and 1 store under the Rolex
brand name.  The company was formerly known as Birks & Mayors Inc.
and changed its name to Birks Group Inc. in October 2013.  Birks
Group Inc. was founded in 1879 and is headquartered in Montreal,
Canada.


BLUE WAVE TECH: Case Summary & Largest Unsecured Creditor
---------------------------------------------------------
Debtor: Blue Wave Tech Corp.
        4633 Isla Verda Ave.
        APT 503
        Carolina, PR 00979

Case No.: 14-06932

Chapter 11 Petition Date: August 24, 2014

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Nelson Robles Diaz, Esq.
                  NELSON ROBLES-DIAZ LAW OFFICES, P.S.C.
                  P.O. Box 192302
                  San Juan, PR 00919-2302
                  Tel: (787) 721-7929
                  Fax: (787) 282-9100
                  Email: nroblesdiaz@gmail.com

Total Assets: $575,550

Total Liabilities: $1.50 million

The petition was signed by Brian Safreed, president.

The Debtor listed Caribbean Towers Sites LLC, at 1357 Ave.,
Ashford PMB 371 San Juan, PR, as its largest unsecured creditor
holding a claim of $1.50 million.

A full-text copy of the petition is available for free at:

            http://bankrupt.com/misc/prb14-06932.pdf


CAESARS ENTERTAINMENT: CEOC Cuts Outstanding Debt by $582 Million
-----------------------------------------------------------------
Caesars Entertainment Operating Company, Inc., and Caesars
Entertainment Corporation consummated the transaction contemplated
by the previously announced Note Purchase and Support Agreement
entered into as of Aug. 12, 2014, by and among CEOC, CEC and
certain holders of CEOC's outstanding 6.50% Senior Notes due 2016
and 5.75% Senior Notes due 2017.

In connection with the closing, as part of a simultaneous
transaction, (i) the Holders sold to CEC and CEOC an aggregate
principal amount of approximately $89.4 million of the 2016 Notes
and an aggregate principal amount of approximately $66.0 million
of the 2017 Notes, (ii) CEC paid the Holders a ratable amount of
$77.7 million of cash in the aggregate, (iii) CEOC paid the
Holders a ratable amount of $77.7 million of cash in the
aggregate, (iv) CEOC paid the Holders accrued and unpaid interest
in cash and (v) CEC contributed approximately $426.6 million
aggregate principal amount of the Notes to CEOC for cancellation.
Upon the closing of the Transaction, CEOC's outstanding
indebtedness decreased by approximately $582 million.

As part of the Transaction, with the consent of the Holders, who
represent $237.8 million aggregate principal amount of the Notes
and greater than 51% of each series of the Notes that are held by
non-affiliates of CEC and CEOC, CEOC and the trustees for the
Notes entered into supplemental indentures to the indentures
governing the Notes to (A) remove provisions relating to CEC's
guarantee of the Notes and (B) modify the covenant restricting
disposition of "substantially all" of CEOC's assets to measure
future asset sales based on CEOC's assets as of the date of the
supplemental indentures.  In addition, with the consent of the
Holders, CEOC and the trustees for the Notes also entered into
supplemental indentures to the indentures governing the Notes to
amend a ratable amount of approximately $82.4 million face amount
of the 2016 Notes and 2017 Notes held by the Holders to include
provisions that holders of those two series of the Amended CEOC
Notes will be deemed to consent to any restructuring of Notes and
Amended CEOC Notes that has been consented to by holders of at
least 10% of the outstanding 2016 Notes and 2017 Notes, as
applicable, if the restructuring provides no less favorable
consideration to any holder of such series of Amended CEOC Notes
than to any holder of Notes of the same series, and certain other
terms and conditions are satisfied.  The Indenture Amendments and
the Amended CEOC Notes were effective as of Aug. 22, 2014, the
closing date of the Transaction.

On May 5, 2014, CEOC ceased to be a wholly owned subsidiary of
Caesars Entertainment Corporation, as a result of which CEC's
guarantee of CEOC's outstanding secured and unsecured notes was
automatically released in accordance with the terms of the
indentures governing the applicable notes.

In June 2014, CEOC previously provided notice to the trustees of
its outstanding first-priority senior secured notes, second-
priority senior secured notes, 10.75% senior notes due 2016 and
10.75% / 11.5% senior toggle notes due 2018 that CEOC elected to
effect the automatic release of CEC's guarantee of each such
series of notes for the additional reason that CEC's guarantee of
other notes specified in the applicable indentures had been
released.

On Aug. 22, 2014, in connection with the effectiveness of the
supplemental indentures to the indentures governing CEOC's 6.50%
Senior Notes due 2016 and 5.75% Senior Notes due 2017 that removed
provisions relating to CEC's guarantee of those notes, CEOC
provided notice to the trustees of its outstanding first-priority
senior secured notes and second-priority senior secured notes
reaffirming CEOC's prior notices issued in June 2014 regarding the
automatic release of CEC's guarantee of all of CEOC's first-
priority senior secured notes and second-priority senior secured
notes as a result of the guarantee of CEOC's unsecured senior
notes being released.

                    About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.
-- http://www.caesars.com/-- is one of the world's largest casino
companies.  Caesars casino resorts operate under the Caesars,
Bally's, Flamingo, Grand Casinos, Hilton and Paris brand names.
The Company has its corporate headquarters in Las Vegas.

Harrah's announced its re-branding to Caesar's in mid-November
2010.

Caesars Entertainment reported a net loss of $2.93 billion in
2013, as compared with a net loss of $1.50 billion in 2012.  As of
June 30, 2014, the Company had $27.06 billion in total assets,
$29.64 billion in total liabilities and a $2.57 billion
total deficit.

                           *     *     *

As reported by the TCR on April 9, 2013, Moody's Investors Service
downgraded Caesars Entertainment Corporation's Corporate Family
Rating to Caa2.

"The downgrade of Caesars' ratings considers that its same store
EBITDA growth in 2012-2013 has failed to materialize to any
significant degree, and so Caesars' credit metrics have
deteriorated and its free cash flow deficit will be higher than
Moody's previous expectations," stated Moody's analyst Peggy
Holloway.

In the April 10, 2014, edition of the TCR, Standard & Poor's
Ratings Services lowered its corporate credit ratings on Las
Vegas-based Caesars Entertainment Corp. (CEC) and wholly owned
subsidiaries, Caesars Entertainment Operating Co. (CEOC) and
Caesars Entertainment Resort Properties (CERP), as well
as the indirectly majority-owned Chester Downs and Marina, to
'CCC-' from 'CCC+'.  The downgrade reflects S&P's expectation that
Caesars' capital structure is unsustainable, and the amount of
cash the company will burn in 2014 and 2015 creates conditions
under which S&P believes a restructuring of some form is
increasingly likely over the near term absent an unanticipated
significantly favorable change in operating performance.

As reported by the TCR on May 1, 2014, Fitch Ratings had
downgraded the Issuer Default Ratings (IDRs) of Caesars
Entertainment Corp (CEC) and Caesars Entertainment
Operating Company (CEOC) to 'CC' from 'CCC'.


CLEAR CHANNEL: Closes Sale of $222MM Senior Notes to Finco Unit
---------------------------------------------------------------
Clear Channel Communications, Inc., and CC Finco, LLC, a wholly
owned subsidiary of the Company, completed on Aug. 22, 2014, the
previously announced (i) sale of $222.2 million aggregate
principal amount of new Senior Notes due 2021 issued by the
Company to CC Finco, and (ii) redemption of all of the Company's
outstanding $94.3 million aggregate principal amount of 10.75%
Senior Cash Pay Notes due 2016 and $127.9 million aggregate
principal amount of 11.00%/11.75% Senior Toggle Notes due 2016
using proceeds of the issuance of the New Notes, plus cash on
hand.

The New Notes were sold pursuant to a Note Purchase Agreement,
dated as of Aug. 19, 2014, between the Company and CC Finco, at a
purchase price equal to 101.75% of the principal amount, plus
accrued interest from Aug. 1, 2014, up to, but not including, the
Aug. 22, 2014, settlement date.  The New Notes were issued as
additional notes under the indenture, dated as of June 21, 2013,
among the Company, Clear Channel Capital I, LLC, as guarantor, the
subsidiary guarantors named therein, Law Debenture Trust Company
of New York, as trustee, and Deutsche Bank Trust Company Americas,
as paying agent, registrar and transfer agent, under which the
Company previously issued approximately $1.9 billion of existing
Senior Notes due 2021.

The New Notes were issued pursuant to a third supplemental
indenture to the Indenture, dated as of Aug. 22, 2014, among the
Company, the Guarantors and the Trustee.

The Company's existing Senior Notes due 2021 and the New Notes
mature on Feb. 1, 2021, and bear interest at a rate of (i) 12.00%
per annum in cash plus (ii) 2.00% per annum payment-in-kind
interest.  Interest will be payable semi-annually in arrears on
February 1 and August 1 of each year beginning, in the case of the
New Notes, on Feb. 1, 2015.  The 2021 Notes rank pari passu in
right of payment with respect to all existing and future
unsubordinated indebtedness of the Company.  The guarantees of the
2021 Notes are subordinated to the guarantees of the Company's
senior secured credit facility and certain other permitted debt,
but rank equal to all other senior indebtedness of the Guarantors.

The Company may redeem the 2021 Notes at its option, in whole or
part, at any time prior to Aug. 1, 2015, at a price equal to 100%
of the aggregate principal amount of the 2021 Notes redeemed, plus
accrued and unpaid interest to the redemption date and plus an
applicable premium.  The Company may redeem the 2021 Notes, in
whole or in part, on or after Aug. 1, 2015, at the redemption
prices set forth in the Indenture plus accrued and unpaid interest
to the redemption date.  At any time on or before Aug. 1, 2015,
the Company may elect to redeem up to 60% of the aggregate
principal amount of the 2021 Notes at a redemption price equal to
(x) with respect to the first 30% of the then outstanding
aggregate principal amount of the 2021 Notes, 109.0% of the
aggregate principal amount thereof and (y) with respect to the
next 30% of the then outstanding aggregate principal amount of the
2021 Notes, 112.0% of the aggregate principal amount, in each case
plus accrued and unpaid interest thereon to the applicable
redemption date, with the net proceeds of one or more equity
offerings.

                About Clear Channel Communications

San Antonio, Texas-based Clear Channel Communications, Inc., an
indirect subsidiary of CC Media Holdings, Inc. (OTCBB: CCMO), is
one of the leading global media and entertainment companies
specializing in radio, digital, outdoor, mobile, live events, and
on-demand entertainment and information services for local
communities and providing premier opportunities for advertisers.

CC Media Holdings Inc. -- http://www.ccmediaholdings.com/-- is a
global media and entertainment company.  Its businesses include
radio and outdoor displays.

Clear Channel reported a net loss attributable to the Company of
$606.88 million in 2013, a net loss attributable to the Company of
$424.47 million in 2012 and a net loss attributable to the Company
of $302.09 million in 2011.

The Company's balance sheet at June 30, 2014, showed $14.75
billion in total assets, $24.06 billion in total liabilities and a
$9.31 billion total shareholders' deficit.

                         Bankruptcy Warning

The Company said in its annual report for the year ended Dec. 31,
2013, "If our and our subsidiaries' cash flows from operations,
refinancing sources and other liquidity-generating transactions
are insufficient to fund our respective debt service obligations,
we may be forced to reduce or delay capital expenditures, sell
material assets or operations, or seek additional capital.  We may
not be able to take any of these actions, and these actions may
not be successful or permit us or our subsidiaries to meet the
scheduled debt service obligations.  Furthermore, these actions
may not be permitted under the terms of existing or future debt
agreements."

"The ability to refinance the debt will depend on the condition of
the capital markets and our financial condition at such time.  Any
refinancing of the debt could be at higher interest rates and
increase debt service obligations and may require us and our
subsidiaries to comply with more onerous covenants, which could
further restrict our business operations.  The terms of existing
or future debt instruments may restrict us from adopting some of
these alternatives.  These alternative measures may not be
successful and may not permit us or our subsidiaries to meet
scheduled debt service obligations.  If we or our subsidiaries
cannot make scheduled payments on indebtedness, we or our
subsidiaries, as applicable, will be in default under one or more
of the debt agreements and, as a result we could be forced into
bankruptcy or liquidation."

                           *     *     *

In May 2013, Moody's Investors Service said that Clear Channel's
upsize of the term loan D to $4 billion from $1.5 billion will not
impact the Caa1 facility rating assigned.  Clear Channel's
Corporate Family Rating is unchanged at Caa2.  The outlook remains
stable.

As reported by the TCR on May 21, 2013, Standard & Poor's Ratings
Services also announced that its issue-level rating on San
Antonio, Texas-based Clear Channel's senior secured term loan
remains unchanged at 'CCC+' following the company's upsize of the
loan to $4 billion from $1.5 billion.  The rating on parent
company CC Media Holdings remains at 'CCC+' with a negative
outlook, which reflects the risks surrounding the long-term
viability of the company's capital structure.


CORRLINE INTERNATIONAL: Officially Placed in Chapter 7 Bankruptcy
-----------------------------------------------------------------
Bankruptcy Judge Jeff Bohm rules that The Tagos Group, LLC has
standing to file an involuntary Chapter 7 bankruptcy petition
against CorrLine International, LLC.  Thus, the Court grants the
Involuntary Petition and denies CorrLine's Motion to Dismiss.

Tagos is both a creditor and a minority shareholder of CorrLine.
Judge Bohm says Tagos' status as an insider and recipient of
certain voidable transfers does not preclude it from filing the
Involuntary Petition.

Judge Bohm also held that Tagos' claims for amounts owed under a
Services Agreement and a Credit Agreement are not the subject of a
bona fide dispute, and that there is no question that CorrLine
agreed to pay Tagos $25,000.00 a month, plus reasonable pass
through expenses, for providing general business support services
and that CorrLine has refused to pay these fees.  CorrLine also
owes Tagos the sum $149,980.51 under the Credit Agreement and that
CorrLine has refused to pay this amount.

The Court also held that CorrLine does not have authority to
retain K&L Gates to file and prosecute the Answer and the Motion
to Dismiss the Involuntary Petition.  The retention, according to
the Court, requires the consent of a majority of managers of
CorrLine with at least one affirmative vote coming from a minority
member; these conditions have never been met.

Alternatively, even if CorrLine has authority to retain K&L Gates
to file and prosecute the Answer and the Motion to Dismiss,
because the Court grants the Involuntary Petition, it necessarily
denies the requests in the Answer and the Motion to Dismiss for a
dismissal of the Petition, Judge Bohm said.

A copy of the Court's August 21, 2014 Memorandum Opinion is
available at http://is.gd/MCovsCfrom Leagle.com.  Judge Bohm said
he wrote the Memorandum Opinion to underscore that: (1) there is
split case law on how to satisfy certain elements required to
obtain an order granting an involuntary petition; and (2) the
drafting of a joint venture agreement should take into account the
rights of the joint venture itself to oppose an involuntary
bankruptcy petition.


CRYOPORT INC: Has $2.3-Mil. Net Loss for June 30 Quarter
--------------------------------------------------------
Cryoport, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $2.3 million on $936,588 of revenues for
the three months ended June 30, 2014, compared with a net loss of
$1.32 million on $487,963 of revenues for the same period last
year.

The Company's balance sheet at June 30, 2014, showed $1.32 million
in total assets, $2.38 million in total liabilities, and total
stockholders' deficit of $1.06 million.

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

                       http://goo.gl/rR2iUm

                          About Cryoport

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

Cryoport reported a net loss of $19.56 million on $2.65 million of
revenues for the year ended March 31, 2014, as compared with a net
loss of $6.38 million on $1.10 million of revenues for the year
ended March 31, 2013.  The Company's balance sheet at March 31,
2014, showed $1.70 million in total assets, $4.01 million in total
liabilities and a $2.30 million total stockholders' deficit.

KMJ Corbin & Company LLP, in Costa Mesa, California, 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 operating
losses and has had negative cash flows from operations since
inception.  Although the Company has cash and cash equivalents of
$369,581 at March 31, 2014, management has estimated that cash on
hand, which include proceeds from convertible bridge notes
received in the fourth quarter of fiscal 2014, will only be
sufficient to allow the Company to continue its operations into
the second quarter of fiscal 2015.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


CT TECHNOLOGIES: S&P Affirms 'B' CCR & Revises Outlook to Negative
------------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B'
corporate credit rating on Alpharetta, Ga.-based CT Technologies
Intermediate Holdings Inc. (d/b/a HealthPort) and revised the
rating outlook to negative from stable.

At the same time, S&P affirmed the 'B+' issue-level rating on the
company's first-lien debt; the '2' recovery rating indicates S&P's
expectation for substantial recovery (70% to 90%) in the event of
payment default.  S&P also affirmed the 'CCC+' issue-level rating
on the company's second-lien debt; the '6' recovery rating
indicates our expectation for negligible recovery (0% to 10%) in
the event of payment default.

"The outlook revision reflects our view that continued covenant
cushion of less than 10%, which we consider to be less than
adequate, could lead to lower ratings over the next 12 months,"
said Standard & Poor's credit analyst Christian Frank.

The ratings reflect second quarter annualized leverage around 10x
(treating series A equity as debt, which adds about 2.5x) and the
company's niche focus on a highly fragmented market with regulated
pricing.

The negative outlook reflects the decline in the company's
covenant cushion to 8% for the quarter ended June 30, 2014  It
could remain less-than-adequate over the next few quarters.

S&P could lower the rating if expected second-half revenue growth
does not materialize, resulting in covenant cushion remaining
below 10% on a sustained basis.

S&P could revise the outlook to stable if the company delivers
sufficient revenue and EBITDA growth to allow it to sustain
covenant cushion in the 15% area or higher.


DATARAM CORP: CohnReznick LLP Raises Going Concern Doubt
--------------------------------------------------------
Dataram Corporation reported a net loss of $2.61 million on
$30.4 million of revenues for the fiscal year ended April 30,
2014, as compared to a net loss of $4.62 million on $27.62 million
of revenues in 2013.

CohnReznick LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
has incurred net losses and negative cash flows from operating
activities for each of the years in the three year period ended
April 30, 2014 and management can give no assurance that the
Company's future operations will generate sufficient profits or
the Company will be able to raise sufficient funds to continue
operating.

The Company's balance sheet at April 30, 2014, showed $7.57
million in total assets, $5.59 million in total liabilities and
stockholders' equity of $1.98 million.

A copy of the Form 10-K filed with the U.S. Securities and
Exchange Commission is available at:

                       http://is.gd/RaXKTb

Princeton, N.J.-based Dataram Corporation is a developer,
manufacturer and marketer of large capacity memory products
primarily used in high-performance network servers and
workstations.


DELUXE ENTERTAINMENT: S&P Cuts CCR to 'CCC' on Weak Performance
---------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Burbank, Calif.-based entertainment services provider
Deluxe Entertainment Services Group Inc. to 'CCC' from 'B'.  The
outlook is negative.

"The downgrade reflects our view that Deluxe Entertainment
Services Group Inc. is currently vulnerable to a covenant breach
and depends on favorable business, financial, and economic
conditions to meet its financial commitments," said Standard &
Poor's credit analyst Peter Bourdon.

"With the company's EBITDA cushion of compliance with its 4.6x
total net leverage covenant at less than 3%, and a large roll off
of EBITDA from the third quarter of 2013 coming in the Sept. 30
testing period, we do not expect that the company will be in
compliance."

Deluxe Entertainment has significantly underperformed 2013 EBITDA
levels because of weakness in demand for studio content, resulting
from a decline in large-budget productions.  In addition, the
company's expansion into enterprise services has been minimal, and
S&P expects that the combined shortfalls, together with high
capital expenditures, will result in negative discretionary cash
flow in 2014.

S&P regards Deluxe Entertainment's business risk profile as
"weak."  The company has historically generated the majority of
its revenue from film processing (11% or $112 million of 2013
revenue), an industry that has rapidly declined as movie theaters
have replaced film projectors with digital projectors.  As its
film processing business has declined, Deluxe Entertainment has
transformed itself into a servicer and distributor of digital
content.  The company's core digital creative services include
various post-production services such as color correction, visual
effects, localization, and 2D to 3D conversion.  The company also
creates digital master files of content and distributes them to
various platforms (theaters, Netflix, iTunes, cable TV).  As seen
in the company's performance this year, it is susceptible to the
unpredictable timing of large budget productions.  Moreover, it is
still trying to gain traction in the enterprise services segment
and continue to grow its TV segment.

S&P views the company's financial risk profile as "highly
leveraged," reflecting the company's high leverage and high
capital expenditures.  Given the operational underperformance, S&P
expects the company to generate negative discretionary cash flow
in excess of $25 million in 2014 and 2015.  As a result, it has
minimal flexibility to ease pressure on its covenant compliance.
The company's private equity shareholder, MacAndrews & Forbes, can
provide an equity cure for a maximum of two of four trailing
quarterly periods and no more than five fiscal quarters during the
term of the agreement.  S&P believes Deluxe's covenant pressures
may be ongoing, necessitating an equity cure potentially this
September, absent a covenant amendment or recapitalization.


DETROIT, MI: Gets Approval of Agreement With Bond Insurers, et al.
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Michigan
approved a stipulation concerning the conduct of hearing on the
confirmation of Detroit's debt-cutting plan.

The city entered into the stipulation in light of an agreement in
principle it made with U.S. Bank NA, bond insurers, and members of
the bondholder committee.

The agreement involves a tender transaction related to Detroit
Water and Sewerage Department bonds, which was incorporated in the
city's latest plan filed on August 20.  Under the plan, if the
city votes to accept the purchase of the tendered bonds and a
settlement date is finalized, claims of the bondholders will be
reinstated.  A copy of the latest plan can be accessed for free at
http://is.gd/Shykwc

Pursuant to the stipulation, the city will file a notice with the
court stating that the tender transaction was not accepted, did
not close or has closed, no later than (i) the next business day
after any of those three occurred or (ii) September 12, whichever
is sooner.

The city and the signatories to the stipulation are not allowed to
call any fact or expert witnesses to testify at the confirmation
hearing or present evidence to address issues relating to the DWSD
and the plan's proposed impairment of interest rates; or to call
protection of the bonds without the agreement of all parties.

A full-text copy of the stipulation is available without charge at
http://is.gd/8Rk7zz

                  About City of Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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


DETROIT, MI: FGIC Wants Expert Opinion on Plan Treatment Excluded
-----------------------------------------------------------------
Financial Guaranty Insurance Co. has filed a motion seeking to
exclude the opinion of an expert on the treatment of Detroit's
creditors under its debt-cutting plan.

Detroit intends to call Kenneth Buckfire as an expert to give his
opinion supporting the city's argument that its creditors will be
treated better under the plan than if the bankruptcy case were
dismissed.

According to the company's lawyer, Mr. Buckfire did not
"systematically" evaluate what creditors would receive in case the
city's bankruptcy case were dismissed.

"Instead of providing a reliable foundation for his opinion, Mr.
Buckfire made a handful of unsupported, generalized assumptions,"
said the company's lawyer, Alfredo Perez, Esq., at Weil Gotshal &
Manges LLP, in Houston, Texas.

"Mr. Buckfire's failure to perform the type of analysis that could
reliably substantiate a best interests opinion, coupled with his
reliance on unsubstantiated and often counterfactual assumptions,
render his testimony unreliable, unhelpful and inadmissible," Mr.
Perez said in a court filing.

U.S. Bankruptcy Judge Steven Rhodes will hold a hearing on Sept. 2
to consider the request of Financial Guaranty.

Mr. Perez can be reached at:

     Alfredo R. Perez, Esq.
     Weil Gotshal & Manges LLP
     700 Louisiana Street, Suite 1600
     Houston, TX 77002
     Tel: (713) 546-5000
     Fax: (713) 224-9511
     Email: alfredo.perez@weil.com

                  About City of Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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


DETROIT, MI: Syncora, FGIC Oppose $5.5 Billion Financing
--------------------------------------------------------
Syncora Guarantee Inc. is blocking efforts by Detroit to win court
approval of a deal that would provide its water department with at
least $5.5 billion in financing.

The city on August 11 asked for approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to issue bonds via a
public offering, direct purchase or a private placement, which
would provide Detroit Water and Sewerage Department with $5.5
billion in secured financing.

Of the $5.5 billion, about $5.31 billion would be used to finance
the city's purchase for cancellation of certain water and sewer
bonds while the remaining $190 million would be used to improve
the city's sewage disposal system.

In its objection, Syncora complained that the city did not provide
its creditors with the information necessary "to fully evaluate
the benefits and burdens of its proposal" and the proposal's
impact on the city's debt-cutting plan.

"While the city states that the financing is in the best interests
of all parties in interest, it recites the transaction's projected
benefits only vaguely," the company said.  Syncora added that the
city did not also provide details of the process it employed to
obtain the financing.

The proposed transaction also drew flak from Financial Guaranty
Insurance Co., which is currently in talks with the city to
resolve certain issues.  FGIC said the relief requested by the
city would require amendments to the documents related to the
financing, which need consent from the insurance company.

FGIC is represented by:

     Alfredo R. Perez, Esq.
     Weil Gotshal & Manges LLP
     700 Louisiana Street, Suite 1600
     Houston, TX 77002
     Tel: (713) 546-5000
     Fax: (713) 224-9511
     Email: alfredo.perez@weil.com

Syncora is represented by:

     James H.M. Sprayregen, P.C.
     Ryan Blaine Bennett, Esq.
     Stephen C. Hackney, Esq.
     Kirkland & Ellis LLP
     300 North LaSalle
     Chicago, Illinois 60654
     Tel: (312) 862-2000
     Fax: (312) 862-2200
     Email: ryan.bennett@kirkland.com
            stephen.hackney@kirkland.com

          -- and --

     David A. Agay, Esq.
     Joshua Gadharf, Esq.
     McDonald Hopkins LLC
     39533 Woodward Avenue
     Bloomfield Hills, Michigan 48304
     Tel: (248) 646-5070
     Fax: (248) 646-5075
     Email: dagay@mcdonaldhopkins.com
            jgadharf@mcdonaldhopkins.com

                  About City of Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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


DIGERATI TECHNOLOGIES: LBB & Associates Raises Going Concern Doubt
------------------------------------------------------------------
Digerati Technologies, Inc., filed with the U.S. Securities and
Exchange Commission on July 30, 2014, its annual report on Form
10-K for the fiscal year ended July 31, 2013.

LBB & Associates Ltd., LLP, expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company suffered losses from operations and has a working capital
deficit.

The Company reported a net loss of $2.93 million on $922,000 of
total operating revenues for the fiscal year ended July 31, 2013,
compared with a net loss of $1.24 million on $4.13 million of
total operating revenues in 2012.

The Company's balance sheet at July 31, 2013, showed $75.49
million in total assets, $80.45 million in total liabilities and
stockholders' deficit of $4.97 million.

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

                       http://is.gd/YY6QQm

                   About Digerati Technologies

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

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

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

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

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


DOLPHIN DIGITAL: Incurs $485,000 Net Loss in Second Quarter
-----------------------------------------------------------
Dolphin Digital Media Inc. filed with the U.S. Securities and
Exchange Commission its quarterly reports for the periods ended
March 31, 2014, and June 30, 2014.

The Company reported a net loss of $485,582 on $548,692 of total
revenues for the three months ended June 30, 2014, compared to a
net loss of $637,517 on $517,560 of total revenues for the same
period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $944,640 on $1.05 million of total revenues compared to a
net loss of $1.54 million on $1.28 million of total revenues for
the same period during the prior year.

The Company also reported $459,061 on $502,500 of total revenues
for the three months ended March 31, 2014, compared to a net loss
of $907,764 on $769,620 of total revenues for the same period in
2013.

The Company's balance sheet at June 30, 2014, showed $1.09 million
in total assets, $8.95 million in total liabilities, all current,
and a $7.85 million total stockholders' deficit.

A full-text copy of the Q2 Form 10-Q is available for free at:

                         http://is.gd/jJDTq7

A full-text copy of the Q1 Form 10-Q is available for free at:

                         http://is.gd/1jA6z7

                         About Dolphin Digital

Coral Gables, Florida-based Dolphin Digital Media, Inc., is
dedicated to the twin causes of online safety for children and
high quality digital entertainment.  By creating and managing
child-friendly social networking websites utilizing state-of the-
art fingerprint identification technology, Dolphin Digital Media,
Inc. has taken an industry-leading position with respect to
internet safety, as well as digital entertainment.

Dolphin Digital reported a net loss of $2.46 million on $2.29
million of total revenue for the year ended Dec. 31, 2013,
compared to a net loss of $3.38 million on $3.86 million of total
revenue for the year ended Dec. 31, 2012.

Crowe Horwath LLP, in Fort Lauderdale, Florida, 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 net losses, negative cash flows from
operations and does not have sufficient working capital.  These
events raise substantial doubt about the Company's ability to
continue as a going concern.


DYNEGY INC: Moody's Affirms 'B2' Corporate Family Rating
--------------------------------------------------------
Moody's Investors Service affirmed Dynegy Inc.'s B2 corporate
family rating (CFR) following the announcement that it plans to
acquire 12,500 MW of coal and gas fired generation from Duke
Energy Corporation and private equity firm Energy Capital Partners
(ECP) for a total cost of $6.25 billion. Moody's also raised
Dynegy's speculative grade liquidity rating to SGL-2 from SGL-3.

Ratings Rationale

Dynegy announced that it expects to finance the transaction with
$5 billion of unsecured notes and $1.25 billion of equity and
convertible securities. The B1 rating on the senior secured term
loan and revolving credit facility, and the B3 rating on Dynegy's
existing unsecured notes, are also affirmed. The outlook is
stable. If the transaction is financed as announced, Moody's
expect to assign a B3 rating to the proposed $5 billion unsecured
notes and expect to upgrade the rating on the existing $800
million term loan and secured revolving credit facility (even
after being upsized by $950 million) to Ba3 from B1. The upgrade
would reflect better recovery prospects on the secured debt as it
benefits from the addition of $5 billion of unsecured notes to the
capital structure.

These assets appear fully valued under the transaction at a
Debt/EBITDA multiple of about 7.0x (based on the projected average
2015-17 EBITDA under current forward curves). This is
significantly higher than Dynegy's current standalone multiple of
about 5.1x and so Dynegy's financial profile will be weaker due to
these acquisitions.

"These transactions are transformative for Dynegy as they result
in a substantial increase in scale and geographical
diversification, resulting in an improvement in the overall
business profile", said Swami Venkataraman, Moody's Vice President
and Senior Credit Officer. "While the transaction is heavily
leveraged, the fact that Dynegy is quite strongly positioned at
its current B2 CFR, along with its improved business risk profile,
allows us to maintain its B2 rating despite the expected weaker
financial profile", he said. "Going forward, future M&A
transactions will continue to be a major driver of credit quality.
However, the evolution of Dynegy's policies on hedging, leverage,
dividends and retail risk management will also be key drivers", he
added.

For the 2015-17 period, including Moody's adjustments for energy
and MISO capacity prices, Moody's expect Dynegy to have CFO pre-WC
coverage of interest and debt ranging between 2x-3x and 8-11%,
respectively. With no dividend payments to shareholders, retained
cash flow coverage ratios will be very similar to CFO pre-W/C
coverage ratios while Moody's expect free cash flow (FCF) coverage
of debt to range between 6-9%. These are Moody's base case ratios
and assume market prices as of the end of July 2014 and MISO
capacity prices at 2014 levels (unless bilaterally contracted at a
specific price). They do not consolidate Dynegy's Illinois Power
Holdings subsidiary (IPH), which is a ring-fenced non-recourse
entity but do include cash flows from the Brayton Point plant for
the 2015-17 period. A more conservative analysis uses the same
merchant pricing assumptions but consolidates IPH and also
excludes all Brayton Point cash flows. Under these assumptions,
Moody's expect CFO pre-W/C debt and interest coverage ratios in
the range of 6-8% and 1.5x-2x, respectively and FCF coverage at 4-
6%.

There has been a noticeable improvement in merchant market pricing
for both energy and capacity in 2014, likely driven by a
combination of the polar vortex of January 2014 as well as
upcoming coal plant retirements on account of the EPA MATS rule.
While the market has given up a significant portion of its gains
since May 2014, Moody's believe that industry conditions have
stabilized from the downward trend of the last few years. Natural
gas prices for 2015 have traded in a band between $4/MMBtu and
$4.5/MMBtu for the last two years. Reserve margins are expected to
tighten significantly in 2015-16 on account of plant retirements
in MISO, PJM and ISO-NE, all markets where DYN has a presence. As
a result, Moody's expect stable, if not improving, prices for
energy and capacity, a contrast to the sustained decline in power
prices over the past several years.

The Duke and ECP assets are mostly economically competitive. The
Duke coal plants had substantial capacity factors even in 2012
when fuel switching to gas was at its peak. These plants are
efficient 10,000 btu/kWh heat rate units and fully scrubbed. With
an average production cost of about $25/MWh, they are well
positioned to improve margins if gas prices rise. The plants use
both NAPP coal (25%) and ILB coal (75%). The ability to mainly use
ILB is a positive given its superior cost and supply profile.

Both portfolios have a number of efficient 7,000 heat rate CCGTs
that are well positioned from the perspective of both capacity and
energy markets. None of the major coal plants is at risk for
retirement due to MATS regulations, except for Brayton Point.
However, carbon exposure remains a longer term concern that could
increase the risk profile of Dynegy going forward.

Outlook

The stable outlook reflects improved market conditions in the
merchant power sector and the expectation that prices have
stabilized, although the timing and extent of the upside remains
uncertain. The outlook also reflects Dynegy's strong liquidity and
lack of debt maturities through 2020. Future M&A activity remains
a key variable that could affect the rating outlook going forward.

What Could Change Rating -- UP

Prospects for any upside movement in ratings will require a
substantial and sustained improvement in Dynegy's financial
profile, which would likely be predicated on a continued
improvement in merchant market conditions. Moody's would expect
CFO pre-WC coverage of interest and debt to be in excess of 2.5x
and 10%, respectively for ratings to be raised. As management
consolidates this acquisition, an upgrade would also require
policies on leverage, dividends and risk management consistent
with higher ratings.

What Could Change Rating -- DOWN

Downside risk could arise from future M&A transactions that
further weaken the financial profile or a renewed downturn for the
merchant industry. A downgrade could also result if Moody's expect
CFO pre-WC coverage of interest and debt to fall to a range of 1x-
1.5x and 5-8%, respectively, on a sustained basis. Ratings on
various debt tranches may also be affected if Dynegy were to
adjust its capital structure by issuing significant amounts of
secured debt in the future that substantively alters recovery
expectations

Upgrades:

Issuer: Dynegy Inc.

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

Outlook Actions:

Issuer: Dynegy Inc.

Outlook, Remains Stable

Affirmations:

Issuer: Dynegy Inc.

Probability of Default Rating, Affirmed B2-PD

Corporate Family Rating, Affirmed B2

Senior Secured Bank Credit Facility, Affirmed B1, LGD3

Senior Unsecured Regular Bond/Debenture, Affirmed B3, LGD5


DYNEGY INC: S&P Raises CCR to 'B+' on US Power Asset Acquisition
----------------------------------------------------------------
Standard & Poor's Rating Services raised its corporate credit
rating on Dynegy Inc. to 'B+' from 'B' based on S&P's expectations
of lower business risk with the acquisition of about 12,300 MW of
merchant power plants in the U.S.  S&P raised Dynegy's senior
secured debt rating to 'BB', but left the recovery rating
unchanged at '1'.  S&P affirmed Dynegy's senior unsecured debt
rating at 'B+', but revised the recovery rating to '3' from '2'
based on our expectation that Dynegy will issue substantial senior
unsecured debt to help fund some of the acquisition cost. The
outlook is stable.

The ECP assets include project finance entity EquiPower Resources
Holdings LLC, which has debt S&P rates.  S&P expects this debt
will be retired when the acquisition is finalized and will
withdraw the rating on this EquiPower debt at that time.

"The acquisitions will improve Dynegy's scale and market diversity
materially by adding a large footprint in the favorable PJM and
NePool power markets where Dynegy has limited presence," said
Standard & Poor's credit analyst Terry Pratt.

The stable outlook reflects S&P's conclusion that Dynegy will
complete the acquisitions under the planned capitalization profile
of new senior unsecured debt and equity issuance.

If Dynegy cannot complete either the Duke or ECP asset
acquisitions, or if the new senior unsecured debt to fund the
acquisitions is materially higher than S&P's expectations, then it
would likely downgrade the corporate credit rating to 'B'

S&P do not contemplate any improvement in the rating in the
forecast period.  An upgrade would require another material
reduction in business risk or improvement in financial performance
-- likely of FFO to debt well above 12x.  S&P thinks these
developments are unlikely.


EAGLE ROCK: S&P Lowers Sr. Unsecured Debt Ratings to 'B-'
---------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its senior
unsecured debt ratings on Houston-based Eagle Rock Energy Partners
L.P. to 'B-' (the same as the corporate credit rating) from 'B'.
The recovery rating on these notes remains '4', indicating the
expectation of average (30% to 50%) recovery in the event of a
payment default.

S&P removed the rating from CreditWatch, where it placed it with
positive implications on Dec. 23, 2013, following the announcement
that Regency Energy Partners L.P. (would acquire the Eagle Rock's
midstream business and would also conduct an offer to exchange
Eagle Rock's $550 million of outstanding unsecured notes into an
equivalent amount of Regency unsecured notes with the same tenor,
coupon, and a comparable covenant package. Roughly 10% of the
existing Eagle Rock noteholders did not elect to exchange the
notes into Regency notes.  Following completion of the exchange,
S&P raised the rating on the exchanged unsecured debt to reflect
its view of the recovery prospects incorporating the expected
emergence valuation of Regency and Regency's higher corporate
credit rating.

S&P's valuation of unsecured debt that was not exchanged is based
on a company-provided mid-year 2014 PV-10 report using its
recovery price deck assumptions of $50 per barrel for West Texas
Intermediate (WTI) crude oil and $3.50 per million British thermal
units (Btu) for Henry Hub natural gas and S&P's re-evaluation of
recovery prospects of Eagle Rock.

The corporate credit rating on Eagle Rock reflects the company's
business risk profile as "vulnerable," its financial risk profile
as "aggressive," and its liquidity as "weak."  The company's
participation as an upstream master limited partnership is risky,
in S&P's view, because the company is likely to pay out nearly all
of its cash flows as dividends, although it is not currently doing
so.  In order to expand its distributions, S&P expects that Eagle
Rock will be acquisitive or that it will need to spend on its more
prospective Mid-Continent Cana, SCOOP (South Central Oklahoma Oil
Province), and STACK plays.  Its acquisition-focused growth
strategy exposes Eagle Rock to the risk that it could overpay for
assets or have difficulty replenishing production during periods
of tight capital market conditions.  At the same time, if the
company spends on its resource prospects in the Mid-Continent and
if well results are below expectations (i.e., production is lower
or costs are higher), credit measures and liquidity will weaken.

Ratings List

Eagle Rock Energy Partners L.P.
Corporate credit rating            B-/Stable/--

Debt Rating Lowered; Off Watch; Recovery Rating Unchanged

                                   To          From
Eagle Rock Energy Partners L.P.
Senior unsecd debt                B-          B/Watch Pos
  Recovery rating                  4           4


EDUCATION TRAINING: Files Chapter 11 Bankruptcy
-----------------------------------------------
Stephanie Gleason and Peg Brickley, writing for Daily Bankruptcy
Review, reported that Education Training Corp., a for-profit
college that managed campuses in 14 states, filed for Chapter 11
bankruptcy as the sector faces falling enrollment and increased
regulatory scrutiny.  According to the report, the college,
operating under the names Anthem and Florida Career College, filed
for Chapter 11 bankruptcy on Aug. 24, claiming fewer than $50,000
in assets and between $10 million and $50 million in debts.


ELBIT IMAGING: Reverse Share Split Takes Effect
-----------------------------------------------
Elbit Imaging Ltd.'s previously announced one-for-twenty reverse
split of the Company's ordinary shares became effective at 5:00
p.m. (New York time) on Thursday, Aug. 21, 2014, and the shares
commenced trading on a reverse split-adjusted basis upon the open
of trading on the NASDAQ Global Select Market on Friday, Aug. 22,
2014.  With respect to the Tel Aviv Stock Exchange, the shares
will commence trading on a reverse split-adjusted basis upon the
open of trading on Sunday, Aug. 24, 2014.

As part of the reverse share split and pursuant to the approval of
the Company's shareholders, on Aug. 21, 2014, the Company's
Memorandum and Articles of Association were amended to reduce the
Company's authorized share capital from 700,000,000 ordinary
shares, no par value, to 35,000,000 ordinary shares, no par value.

                     About Elbit Imaging Ltd.

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
hold investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Since February 2013, Elbit has intensively endeavored to come to
an arrangement with its creditors.  Elbit has said it has been
hanging by a thread for more than five months.  It has encountered
cash flow difficulties and this burdens its day to day activities,
and it certainly cannot make the necessary investments to improve
its assets.  In light of the arrangement proceedings, and
according to the demands of most of the bondholders, as well as an
agreement that was signed on March 19, 2013, between Elbit and the
Trustees of six out of eight series of bonds, Elbit is prohibited,
inter alia, from paying off its debts to the financial creditors
-- and as a result a petition to liquidate Elbit was filed, and
Bank Hapoalim has declared its debts immediately payable,
threatening to realize pledges that were given to the Bank on
material assets of the Company -- and Elbit undertook not to sell
material assets of the Company and not to perform any transaction
that is not during its ordinary course of business without giving
an advance notice to the trustees.

Accountant Rony Elroy has been appointed as expert for examining
the debt arrangement in the Company.

In July 2013, Elbit Imaging's controlling shareholders, Europe-
Israel MMS Ltd. and Mr. Mordechay Zisser, notified the Company
that the Tel Aviv District Court has appointed Adv. Giroa Erdinast
as a receiver with regards to the ordinary shares of the Company
held by Europe Israel securing Europe Israel's obligations under
its loan agreement with Bank Hapoalim B.M.  The judgment stated
that the Receiver is not authorized to sell the Company's shares
at this stage.  Following a request of Europe-Israel, the Court
also delayed any action to be taken with regards to the sale of
those shares for a period of 60 days.  Europe Israel and
Mr. Zisser have also notified the Company that they utterly reject
the Bank's claims and intend to appeal the Court's ruling.

Elbit Imaging reported a loss of NIS1.56 billion on
NIS360.59 million of total revenues for the year ended Dec. 31,
2013, as compared with a loss of NIS483.98 million on NIS418.48
million of total revenues in 2012.  The Company's balance sheet at
Dec. 31, 2013, showed NIS4.56 billion in total assets, NIS4.97
billion in total liabilities and a NIS408.63 million shareholders'
deficit.

Brightman Almagor Zohar & Co., a member firm of Deloitte Touche
Tohmatsu, in Tel-Aviv, Israel, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.


ENERGY SERVICES: Elliott Appointed New Board Member
---------------------------------------------------
The Board of Directors of Energy Services of America Corporation
appointed Bruce H. Elliott to the Company's Board.  Mr. Elliott is
a certified public accountant and Principal of D'amelio, Cohen &
Associates, LLC, an accounting firm located in Baltimore,
Maryland.  The Board of Directors of the Company will not appoint
Mr. Elliott to any committees of the Company at this time.

                        About Energy Services

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

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

As of June 30, 2014, the Company had $35.78 million in total
assets, $19.92 million in total liabilities and $15.85 million in
total stockholders' equity.

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


ENTEGRA POWER: Seeks to Employ Richard Layton as Co-Counsel
-----------------------------------------------------------
Entegra Power Group LLC and its debtor-affiliates ask the U.S.
Bankruptcy Court for the District of Delaware for permission to
employ Richard, Layton & Finger P.A. as their co-counsel.

A hearing is set for Sept. 3, 2014, at 11:00 a.m., to consider
approval of the Debtors' employment request.  Objections, if any,
are due Aug. 27, 2014, at 4:00 p.m.

The firm is expected to:

  a) take all necessary actions to protect and preserve the
     estates of the Debtors, including the prosecution of actions
     on the Debtors' behalf, the defense of any actions commenced
     against the Debtors, the negotiation of disputes in which the
     Debtors are involved and the preparation of objections to
     claims against the Debtors' estates;

  b) advise the Debtors of their rights, powers, and duties as
     debtors an debtors in possession under Chapter 11 of the
     Bankruptcy Code;

  c) prepare on behalf of the Debtors, as debtor in possession,
     all necessary motions, applications, answers, orders,
     reports, and other papers in connection with the
     administration of the Debtors' estates and serve such papers
     on creditors;

  d) take all necessary or appropriate actions in connection with
     a plan or plans of reorganization and related disinterested
     statement(s) and all related documents, and such further
     actions as may be required in connection with the
     administration of the Debtors' estates; and

  e) perform all other necessary legal services in connection with
     the prosecution of these Chapter 11 cases.

The firm will charge between $225 and $800 per hour for services
rendered.  The Debtors tell the Court that the firm received a
total retainer of $161,000 on March 6, 2014 ($100,000) and Aug. 1,
2014 ($61,000) respectively.

The Debtors assure the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

  Mark D. Collins, Esq.
  Director
  RICHARD, LAYTON & FINGER P.A.
  One Rodney Square, 920 North King Street
  Wilmington, DE 19801
  Tel: 302-651-7531
  Email: mfcollins@rlf.com

                     About Entegra Power Group

Entegra Power Group LLC and its affiliates operate an independent
power company that owns one of the largest gas-fueled power plants
in the United States, located in El Dorado, Arkansas.  In
addition, affiliate Gila River Energy Holdco LLC indirectly owns
one-half of another of the country's largest gas-fueled power
plants, in Gila Bend, Arizona.  The Entegra entities market
electric power from the two facilities to wholesale customers in
the southeastern and southwestern United States.

Entegra, Gila, and 10 other affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 14-11859) on Aug. 4,
2014.  The cases are pending before the Honorable Peter J. Walsh,
and the Debtors have requested that their cases be jointly
administered.

The Debtors have tapped Richards, Layton & Finger, P.A., as
counsel, and Prime Clerk LLC as claims and notice agent.

The Gila facility's direct owners are not debtors in the Chapter
11 cases, and the Gila Facility will not become property of the
Debtors' estates.


EPWORTH VILLA: Has Final Order on Access to OCFA Cash Collateral
----------------------------------------------------------------
The Hon. Sara A. Hall of the U.S. Bankruptcy Court for the Western
District of Oklahoma authorized Central Oklahoma United Methodist
Retirement Facility Inc. dba Epworth Villa to use cash collateral
of Oklahoma County Finance Authority on a final basis.

The Debtor told the Court that it owes an aggregate of
$87,835,000, together with accrued interest of $1,379,012, and
accruing interest and other charges -- including reasonable fees
and expenses of the trustee.

According to court documents, the ability of the Debtor to have
sufficient available sources of working capital to continue its
business, to attempt to effectuate a reorganization of its
business and to attempt to maximize the value of its assets
depends upon the Debtor's use of Cash Collateral.

The Debtor is granting OCFA a super-priority administrative
expense claim as adequate protection.

                        About Epworth Villa

Central Oklahoma United Methodist Retirement Facility, Inc., an
Oklahoma not-for-profit corporation, owns and operates Epworth
Villa, a continuous care retirement community for persons age 62
and older, located at 14901 N. Pennsylvania Avenue, Oklahoma City,
Oklahoma 73134.

In addition to independent living facilities, Epworth Villa offers
assisted living, memory care assisted living, nursing care
services, and a skilled nursing facility.  Presently, Epworth
Villa includes 264 independent living units (cottages and
apartment homes), 118 assisted living units, with maximum capacity
of 130 beds, and 87 nursing beds that are dually certified for
skilled or long term patients with common areas, community centers
and other facilities.  It is undergoing a $65 million renovation
and expansion project that is projected to be completed in the
spring of 2015.

On July 9, 2014, a judgment was entered in the amount of
$15 million against Epworth Villa by Judge Patricia Parrish of the
District Court of Oklahoma County, Oklahoma, in Case No. CJ-2011-
8387: William Hicks, individually and as Guardian Ad Litem for
Virginia Hicks v. Central Oklahoma United Methodist Retirement
Facility, Inc. d/b/a Epworth Villa Health Services.  The state
court held a nonjury trial in the lawsuit, which was filed by a
resident who got a fractured wrist and bruises while at the
facility.

Epworth Villa filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Okla. Case No. 14-12995) on July 18, 2014 to stay execution
of the judgment.  Gable & Gotwals, P.C., serves as the Debtor's
counsel.  Judge Sarah A. Hall presides over the case.

The Debtor estimated assets and debt of at least $100 million.  As
of the date of commencement of the case, the current, aggregate
indebtedness of Epworth Villa to the Authority under promissory
notes payable to the Oklahoma County Finance Authority is
principal totaling $87,835,000, together with accrued interest of
$1,379,012.  The Debtor says that the value of the collateral
exceeds the amount of the bond debt.


EPWORTH VILLA: US Trustee Appoints Patient Care Ombudsman
---------------------------------------------------------
The Hon. Sarah A. Hall of U.S. Bankruptcy Court for the Western
District of Oklahoma authorized U.S. Trustee Samuel K. Crocker to
appoint a patient care ombudsman in the Chapter 11 case of Central
Oklahoma United Methodist Retirement Facility Inc. dba Epworth
Villa pursuant to Section 333 of the Bankruptcy Code.

According to the Court, upon appointment, the Debtor will remit to
the ombudsman a $7,000 initial retainer, which amount will be
replenished to the $7,000 level within 14 after compensation and
reimbursement of expenses are awarded to the ombudsman by the
Court.

                        About Epworth Villa

Central Oklahoma United Methodist Retirement Facility, Inc., an
Oklahoma not-for-profit corporation, owns and operates Epworth
Villa, a continuous care retirement community for persons age 62
and older, located at 14901 N. Pennsylvania Avenue, Oklahoma City,
Oklahoma 73134.

In addition to independent living facilities, Epworth Villa offers
assisted living, memory care assisted living, nursing care
services, and a skilled nursing facility.  Presently, Epworth
Villa includes 264 independent living units (cottages and
apartment homes), 118 assisted living units, with maximum capacity
of 130 beds, and 87 nursing beds that are dually certified for
skilled or long term patients with common areas, community centers
and other facilities.  It is undergoing a $65 million renovation
and expansion project that is projected to be completed in the
spring of 2015.

On July 9, 2014, a judgment was entered in the amount of
$15 million against Epworth Villa by Judge Patricia Parrish of the
District Court of Oklahoma County, Oklahoma, in Case No. CJ-2011-
8387: William Hicks, individually and as Guardian Ad Litem for
Virginia Hicks v. Central Oklahoma United Methodist Retirement
Facility, Inc. d/b/a Epworth Villa Health Services.  The state
court held a nonjury trial in the lawsuit, which was filed by a
resident who got a fractured wrist and bruises while at the
facility.

Epworth Villa filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Okla. Case No. 14-12995) on July 18, 2014 to stay execution
of the judgment.  Gable & Gotwals, P.C., serves as the Debtor's
counsel.  Judge Sarah A. Hall presides over the case.

The Debtor estimated assets and debt of at least $100 million.  As
of the date of commencement of the case, the current, aggregate
indebtedness of Epworth Villa to the Authority under promissory
notes payable to the Oklahoma County Finance Authority is
principal totaling $87,835,000, together with accrued interest of
$1,379,012.  The Debtor says that the value of the collateral
exceeds the amount of the bond debt.


EPWORTH VILLA: Files Schedules of Assets and Liabilities
--------------------------------------------------------
Central Oklahoma United Methodist Retirement Facility Inc.
dba Epworth Villa filed a summary of schedules of assets and
liabilities in the U.S. Bankruptcy Court for the Western District
of Oklahoma, disclosing total assets of $117,659,919, and total
liabilities of $107,972,621.  A full-text copy of the schedule is
available for free at http://is.gd/ztOFRt

                        About Epworth Villa

Central Oklahoma United Methodist Retirement Facility, Inc., an
Oklahoma not-for-profit corporation, owns and operates Epworth
Villa, a continuous care retirement community for persons age 62
and older, located at 14901 N. Pennsylvania Avenue, Oklahoma City,
Oklahoma 73134.

In addition to independent living facilities, Epworth Villa offers
assisted living, memory care assisted living, nursing care
services, and a skilled nursing facility.  Presently, Epworth
Villa includes 264 independent living units (cottages and
apartment homes), 118 assisted living units, with maximum capacity
of 130 beds, and 87 nursing beds that are dually certified for
skilled or long term patients with common areas, community centers
and other facilities.  It is undergoing a $65 million renovation
and expansion project that is projected to be completed in the
spring of 2015.

On July 9, 2014, a judgment was entered in the amount of
$15 million against Epworth Villa by Judge Patricia Parrish of the
District Court of Oklahoma County, Oklahoma, in Case No. CJ-2011-
8387: William Hicks, individually and as Guardian Ad Litem for
Virginia Hicks v. Central Oklahoma United Methodist Retirement
Facility, Inc. d/b/a Epworth Villa Health Services.  The state
court held a nonjury trial in the lawsuit, which was filed by a
resident who got a fractured wrist and bruises while at the
facility.

Epworth Villa filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Okla. Case No. 14-12995) on July 18, 2014 to stay execution
of the judgment.  Gable & Gotwals, P.C., serves as the Debtor's
counsel.  Judge Sarah A. Hall presides over the case.

The Debtor estimated assets and debt of at least $100 million.  As
of the date of commencement of the case, the current, aggregate
indebtedness of Epworth Villa to the Authority under promissory
notes payable to the Oklahoma County Finance Authority is
principal totaling $87,835,000, together with accrued interest of
$1,379,012.  The Debtor says that the value of the collateral
exceeds the amount of the bond debt.


EPWORTH VILLA: Taps Gibbs Armstrong as Special Counsel
------------------------------------------------------
Central Oklahoma United Methodist Retirement Facility Inc. dba
Epworth Villa asks the U.S. Bankruptcy Court for the Western
District of Oklahoma for permission to employ Gibbs Armstrong
Borochoff Mullican & Hart P.C. as its special counsel.

The Debtor seeks to employ the firm to continue to represent the
Debtor in these matters pending in Oklahoma County District Court:

                                         Nature of the
  Style           Case Number            Plaintiff's Allegations
  -------------   ---------------------  -----------------------
  Bryan v.        Case No. CJ-2011-9004  Breach of Contract/
  Epworth Villa                          Negligence

  Hamilton v.     Case No. CJ-2013-4189  Negligence
     Epworth Villa

The Debtor assures the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

  Douglas M. Borochoff, Esq.
  Partner
  GIBBS ARMSTRONG BOROCHOFF MULLICAN & HART P.C.
  601 South Boulder, Suite 500
  Tulsa, OK 74119
  Tel: 918-587-3939
  Email: dborochoff@gabmh.com

                        About Epworth Villa

Central Oklahoma United Methodist Retirement Facility, Inc., an
Oklahoma not-for-profit corporation, owns and operates Epworth
Villa, a continuous care retirement community for persons age 62
and older, located at 14901 N. Pennsylvania Avenue, Oklahoma City,
Oklahoma 73134.

In addition to independent living facilities, Epworth Villa offers
assisted living, memory care assisted living, nursing care
services, and a skilled nursing facility.  Presently, Epworth
Villa includes 264 independent living units (cottages and
apartment homes), 118 assisted living units, with maximum capacity
of 130 beds, and 87 nursing beds that are dually certified for
skilled or long term patients with common areas, community centers
and other facilities.  It is undergoing a $65 million renovation
and expansion project that is projected to be completed in the
spring of 2015.

On July 9, 2014, a judgment was entered in the amount of
$15 million against Epworth Villa by Judge Patricia Parrish of the
District Court of Oklahoma County, Oklahoma, in Case No. CJ-2011-
8387: William Hicks, individually and as Guardian Ad Litem for
Virginia Hicks v. Central Oklahoma United Methodist Retirement
Facility, Inc. d/b/a Epworth Villa Health Services.  The state
court held a nonjury trial in the lawsuit, which was filed by a
resident who got a fractured wrist and bruises while at the
facility.

Epworth Villa filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Okla. Case No. 14-12995) on July 18, 2014 to stay execution
of the judgment.  Gable & Gotwals, P.C., serves as the Debtor's
counsel.  Judge Sarah A. Hall presides over the case.

The Debtor estimated assets and debt of at least $100 million.  As
of the date of commencement of the case, the current, aggregate
indebtedness of Epworth Villa to the Authority under promissory
notes payable to the Oklahoma County Finance Authority is
principal totaling $87,835,000, together with accrued interest of
$1,379,012.  The Debtor says that the value of the collateral
exceeds the amount of the bond debt.


ESSAR STEEL: Judge Grants Recognition of Foreign Main Proceeding
----------------------------------------------------------------
U.S. Bankruptcy Judge Brendan Shannon issued a final order
granting recognition of Essar Steel Algoma Inc.'s case pending
before a Canadian court as a "foreign main proceeding."

Essar Steel, Canada's second-largest integrated steel producer,
filed for Chapter 15 protection last month in U.S. Bankruptcy
Court in Delaware.  The move is part of the company's larger
restructuring process launched in Canada under the Companies'
Creditors Arrangement Act.

Earlier, the steel producer signed an agreement with CSX
Transportation Inc. to resolve the latter's objection to its
petition for recognition.

The agreement, which the bankruptcy judge approved last week,
allowed CSX to pursue a lawsuit against Essar Steel to recover
freight charges incurred by the steel producer.  The agreement can
be accessed for free at http://is.gd/xOLyCg

Separately, Judge Shannon signed off on an order recognizing the
interim order issued by the Ontario Superior Court of Justice,
which oversees Essar Steel's case in Canada.

The Canadian court's interim order extends the stay period to
Sept. 30, authorizes the company to hold a meeting with its
unsecured bondholders, and authorizes the recording of votes of
the bondholders in favor of their reorganization deal.

                       About Essar Steel

Robert J. Sandoval filed a petition under Chapter 15 of the U.S.
Bankruptcy Code for Essar Steel Algoma Inc., and its debtor
affiliates on July 16, 2014, following the companies' initiation
of a reorganization under Canada's Companies' Creditors
Arrangement Act.  The lead case is Essar Steel Algoma Inc., Case
No. 14-11730 (D. Del.).  Essar Steel operates one of Canada's
largest integrated steel manufacturing facilities.  The Chapter 15
case is assigned to Judge Brendan Linehan Shannon.  The Chapter 15
Petitioner's Counsel is Daniel J. DeFranceschi, Esq., and Amanda
R. Steele, Esq., at Richards, Layton & Finger, P.A., in
Wilmington, Delaware.


EVERYWARE GLOBAL: Unit Sold Oneida Share Capital for GBP3.7MM
-------------------------------------------------------------
Oneida UK Limited, an indirect, wholly owned subsidiary of
EveryWare Global, Inc., sold the share capital of Oneida
International Limited pursuant to an Agreement with HUK 54
Limited, a subsidiary of Hilco Capital Limited, for consideration
of an aggregate of GBP 3.7 million consisting of indebtedness
repaid by the Buyer at closing, including amounts due to the
Company and the repayment of Oneida's revolving credit facility
with Burdale Financial Limited.

Oneida comprised the Company's business in the United Kingdom.
The Sale did not include the right to license the ONEIDA(R),
Anchor Hocking(R) or Sant' Andrea(R) brands, which are retained by
the Company, subject to a four-month exclusive European and Middle
East license and subsequent sell off right.

The Share Purchase Agreement contains customary representations,
warranties, and covenants.  The Share Purchase Agreement also
contains customary indemnification provisions whereby the Sellers
will indemnify the Buyer for certain losses arising out of any
inaccuracy in, or breaches of, the warranties and covenants of the
Sellers under the Share Purchase Agreement.

On the Closing Date, HUK 54 Limited repaid in full all outstanding
amounts due and owing under the U.K. Revolver, including an early
termination penalty.  All of the Company's commitments and
obligations under the U.K. Revolver were terminated, including its
guarantee of indebtedness.

                           About EveryWare

EveryWare Global, Inc. is a global marketer of tabletop and food
preparation products for the consumer and foodservice markets,
with operations in the United States, Canada, Mexico, Latin
America, Europe and Asia.  Its global platform allows it to market
and distribute internationally its total portfolio of products,
including bakeware, beverageware, serveware, storageware,
flatware, dinnerware, crystal, buffetware and hollowware; premium
spirit bottles; cookware; gadgets; candle and floral glass
containers; and other kitchen products, all under a broad
collection of widely-recognized brands.

As of June 30, 2014, the Company had $274.33 million in total
assets, $400.64 million in total liabilities and a $126.30 million
total stockholders' deficit.

                            *    *    *

As reported by the TCR on Aug. 6, 2014, Standard & Poor's Ratings
Services raised its corporate credit rating on EveryWare Global
Inc. to 'CCC+' from 'CCC-'.  "The upgrade reflects our view that a
default scenario is less likely as a result of a $20 million
investment from majority owner, Monomoy Capital Partners, in
addition to a waiver received for the covenant default in the
quarter ended March 2014 and the expected covenant default in the
quarter ended June 2014.


EXECUTIVE CAREER: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Executive Career Services, Inc.
        12424 Wilshire Blvd., Suite 740
        Los Angeles, CA 90025

Case No.: 14-26212

Chapter 11 Petition Date: August 22, 2014

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

Judge: Hon. Neil W. Bason

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

Total Assets: $151,000

Total Liabilities: $393,195

The petition was signed by Peter Munson, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb14-26212.pdf


EXIDE TECHNOLOGIES: KPMG LLP Raises Going Concern Doubt
-------------------------------------------------------
Exide Technologies filed with the U.S. Securities and Exchange
Commission on July 31, 2014, its annual report on Form 10-K for
the fiscal year ended March 31, 2014.

KPMG LLP expressed substantial doubt about the Company's ability
to continue as a going concern, citing the Company's bankruptcy
filing and related matters.

The Company reported a net loss of $217.73 million on
$2.85 billion of net sales for the twelve months ended March 31,
2014, as compared with a net loss of $223.09 million on $2.97
billion of net sales in 2013.

The Company's balance sheet at March 31, 2014, showed $2.03
billion in total assets, $2.05 billion in total liabilities and a
stockholders' deficit of $19.52 million.

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

                       http://goo.gl/udlQDX

                     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.


FAIRCHILD SEMICONDUCTOR: Cutting 15% of Workforce
-------------------------------------------------
Don Clark and Erin McCarthy, writing for The Wall Street Journal,
reported that Fairchild Semiconductor International Inc. announced
plans to shed some older manufacturing operations, moves it said
will trigger a 15% reduction in its 9,000-employee global
workforce.  According to the report, the company said it will
close manufacturing-and-assembly operations in West Jordan, Utah
and Penang, Malaysia, and some production lines in Bucheon, South
Korea.  Fairchild said it expects to realize annual savings of $45
million to $55 million after the closures have been completed, and
about 75% of that is expected to be cash savings, the report
related.

Fairchild Semiconductor Corporation, based in South Portland,
Maine, is the world's largest global supplier of power
semiconductors.  The company reported sales of approximately
US$1.7 billion through the twelve months ended Sept. 28, 2008.

In Asia-Pacific, the company has sales offices in Australia and
People's Republic of China among others.  In Europe, it also has
sales offices in France and Germany among others.  In Latin
America, it has sales offices in Brazil and Mexico.


FIAT CHRYSLER: Needs Enough Support to Reorganize Group
-------------------------------------------------------
Eric Sylvers, writing for The Wall Street Journal, reported that
Sergio Marchionne, who aims to create Fiat Chrysler Automobile,
needs enough support to reorganize the Fiat SpA and Chrysler group
and get better access to U.S. capital markets amid an ambitious
business plan.  According to the report, Mr. Marchionne has won
shareholder approval for the move earlier this month but still
needs to turn around the votes of investors who disagreed with the
plan, which aims to create a new company with a tax residency in
the U.K., legal headquarters in Amsterdam and primary stock market
listing in New York.

                       About Chrysler Group

Chrysler Group LLC, formed in 2009 from a global strategic
alliance with Fiat Group, produces Chrysler, Jeep(R), Dodge, Ram
Truck, Mopar(R) and Global Electric Motorcars (GEM) brand vehicles
and products.  Headquartered in Auburn Hills, Michigan, Chrysler
Group LLC's product lineup features some of the world's most
recognizable vehicles, including the Chrysler 300, Jeep Wrangler
and Ram Truck.  Fiat will contribute world-class technology,
platforms and powertrains for small- and medium-sized cars,
allowing Chrysler Group to offer an expanded product line
including environmentally friendly vehicles.

Chrysler LLC and 24 affiliates on April 30, 2009, sought Chapter
11 protection from creditors (Bankr. S.D.N.Y (Mega-case), Lead
Case No. 09-50002).  The U.S. and Canadian governments provided
Chrysler LLC with $4.5 billion to finance its bankruptcy case.

In connection with the bankruptcy filing, Chrysler reached an
agreement to sell all assets to an alliance between Chrysler and
Italian automobile manufacturer Fiat.  Under the terms approved by
the Bankruptcy Court, the company formerly known as Chrysler LLC
in June 2009, formally sold substantially all of its assets to the
new company, named Chrysler Group LLC.

In January 2014, the American car manufacturer officially became
100% Italian when Fiat Spa completed its deal to purchase the 40%
it did not already own of Chrysler.  Fiat has shared ownership of
Chrysler with the health care fund of the United Automobile
Workers unions since Chrysler emerged from bankruptcy in 209.

                           *     *     *

Standard & Poor's Ratings Services raised its ratings on U.S.-
based auto manufacturer Chrysler Group LLC, including the
corporate credit rating to 'BB-' from 'B+' in mid-January 2014.
The outlook is stable.


FLORIDA GAMING: Freedom, Tara Club Cases Dismissed
--------------------------------------------------
Judge Robert A. Mark in late July granted the separate requests of
two Florida Gaming affiliates -- Freedom Holding Inc. and Tara
Club Estates, Inc. -- to dismiss their Chapter 11 cases.  Each
chapter 11 case is dismissed with prejudice to the filing of a
petition under chapter 11 of the Bankruptcy Code for a period of
one year from the date of the order.

                       About Florida Gaming

Florida Gaming Centers Inc. filed for Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 13-29597) in Miami on Aug. 19, 2013.
Florida Gaming Centers operates a casino and jai-alai frontons in
Miami.  The Company disclosed debt of $138.3 million and assets of
$180 million in its petition.  Its parent, Florida Gaming Corp.
(FGMG:US), and two other affiliates also sought court protection.

Bankruptcy Judge Robert A. Mark oversees the case.  The Debtors
are represented by Luis Salazar, Esq. and Jesse R. Cloyd, Esq. at
Salazar Jackson, LLP of Miami, Florida.

ABC Funding, LLC, as Administrative Agent for a consortium of
prepetition lenders, and the prepetition lenders are represented
by Dennis Twomey, Esq., and Andrew F. O'Neill, Esq., at SIDLEY
AUSTIN LLP, in Chicago, Illinois; and Drew M. Dillworth, Esq., and
Marissa D. Kelley, Esq., at Stearns Weaver Miller Weissler
Alhadeff & Sitterson, P.A., in Miami, Florida.  The Prepetition
Lenders are Summit Partners Subordinated Debt Fund IV-A, L.P.,
Summit Partners Subordinated Debt Fund IV-B, L.P., JPMorgan Chase
Bank, N.A., Locust Street Funding LLC, Canyon Value Realization
Fund, L.P., Canyon Value Realization Master Fund, L.P., Canyon
Distressed Opportunity Master Fund, L.P., and Canyon-GRF Master
Fund II, L.P.

Counsel to the Official Joint Committee of Unsecured Creditors are
Glenn D. Moses, Esq., and Paul J. Battista, Esq., at Genovese
Joblove & Battista, P.A., in Miami, Florida.

                           *     *     *

The Debtors have sold their assets to Fronton Holdings, LLC, an
entity established by ABC Funding.  The $140,000,000 purchase
price consisted of a credit bid of $99,907,336 on account
of the Loan Claim and cash in the amount of $40,092,664.  The
Bankruptcy Court approved the sale on April 7, 2014.  The parties
consummated the 363 Sale on April 30.

The Debtors have submitted to the Bankruptcy Court a Disclosure
Statement explaining their Second Amended Joint Plan of
Liquidation dated June 16, 2014.  The Plan serves as a separate
plan of liquidation for each of the Debtors.  The Plan does not
seek to effect a substantive consolidation or other combination of
the separate estates of each Debtor but instead provides that
creditors of each Debtor will be permitted to assert their claims
only against the Debtor(s) which they hold Allowed Claims.

The Bankruptcy Court on July 23, 2014, entered an order confirming
Florida Gaming Corporation and its subsidiary, Florida Gaming
Centers, Inc.'s Second Amended Joint Chapter 11 Plan of
Liquidation dated July 16, 2014.


FLORIDA GAMING: Plan Order Revised Due to Scrivener's Error
-----------------------------------------------------------
Florida Gaming Centers, Inc., informed the bankruptcy court that
due to a scrivener's error, the order confirming its Chapter 11
plan, as currently written, requires the creditor trustee to post
a bond in favor of the debtors, instead of the creditor trust.  As
such, the creditor trustee is not able to secure a bond on behalf
of the Creditor Trust.  Furthermore, the bond company requires
that the confirmation order be corrected before it will issue a
bond on behalf of the creditor trust.  Accordingly, the Debtor
sought and obtained an order correcting the confirmation order to
provide that:

     The Creditor Trustee shall post a bond in favor of the
     Creditor Trust in an amount equal to the greater of (i) 150%
     of the book value of the Creditor Trust Assets determined as
     of 30 days from the Effective Date, or (ii) $100,000;
     provided, however, that the book value of the Causes of
     Action for purposes of the bond shall be zero.

                       About Florida Gaming

Florida Gaming Centers Inc. filed for Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 13-29597) in Miami on Aug. 19, 2013.
Florida Gaming Centers operates a casino and jai-alai frontons in
Miami.  The Company disclosed debt of $138.3 million and assets of
$180 million in its petition.  Its parent, Florida Gaming Corp.
(FGMG:US), and two other affiliates also sought court protection.

Bankruptcy Judge Robert A. Mark oversees the case.  The Debtors
are represented by Luis Salazar, Esq. and Jesse R. Cloyd, Esq. at
Salazar Jackson, LLP of Miami, Florida.

ABC Funding, LLC, as Administrative Agent for a consortium of
prepetition lenders, and the prepetition lenders are represented
by Dennis Twomey, Esq., and Andrew F. O'Neill, Esq., at SIDLEY
AUSTIN LLP, in Chicago, Illinois; and Drew M. Dillworth, Esq., and
Marissa D. Kelley, Esq., at Stearns Weaver Miller Weissler
Alhadeff & Sitterson, P.A., in Miami, Florida.  The Prepetition
Lenders are Summit Partners Subordinated Debt Fund IV-A, L.P.,
Summit Partners Subordinated Debt Fund IV-B, L.P., JPMorgan Chase
Bank, N.A., Locust Street Funding LLC, Canyon Value Realization
Fund, L.P., Canyon Value Realization Master Fund, L.P., Canyon
Distressed Opportunity Master Fund, L.P., and Canyon-GRF Master
Fund II, L.P.

Counsel to the Official Joint Committee of Unsecured Creditors are
Glenn D. Moses, Esq., and Paul J. Battista, Esq., at Genovese
Joblove & Battista, P.A., in Miami, Florida.

                           *     *     *

The Debtors have sold their assets to Fronton Holdings, LLC, an
entity established by ABC Funding.  The $140,000,000 purchase
price consisted of a credit bid of $99,907,336 on account
of the Loan Claim and cash in the amount of $40,092,664.  The
Bankruptcy Court approved the sale on April 7, 2014.  The parties
consummated the 363 Sale on April 30.

The Debtors have submitted to the Bankruptcy Court a Disclosure
Statement explaining their Second Amended Joint Plan of
Liquidation dated June 16, 2014.  The Plan serves as a separate
plan of liquidation for each of the Debtors.  The Plan does not
seek to effect a substantive consolidation or other combination of
the separate estates of each Debtor but instead provides that
creditors of each Debtor will be permitted to assert their claims
only against the Debtor(s) which they hold Allowed Claims.

The Bankruptcy Court on July 23, 2014, entered an order confirming
Florida Gaming Corporation and its subsidiary, Florida Gaming
Centers, Inc.'s Second Amended Joint Chapter 11 Plan of
Liquidation dated July 16, 2014.


GARY STANCIL: Court Won't Extend Defendants' Response Deadline
--------------------------------------------------------------
In the case, MARC E. ALBERT, TRUSTEE, Plaintiff, v. RUFUS STANCIL,
et al., Defendants, Adv. Proc. No. 14-10004 (Bankr. D.D.C.),
Bankruptcy Judge S. Martin Teel, Jr. denied the request of two of
the defendants, Rufus Stancil and Albert Stancil, to extend the
time to oppose the plaintiff's two motions for summary judgment.

Marc E. Albert is trustee in the case of Gary Stancil.

A copy of the Court's Aug. 21, 2014 Memorandum Decision and Order
is available at http://is.gd/f28CTXfrom Leagle.com.

The adversary proceeding has been pending since January 31, 2014.
In his complaint, the Trustee seeks judgments under 11 U.S.C. Sec.
363(h) authorizing him to sell both the estate's and the co-
owners' interests in these properties:

     -- property located at 220 Hamilton Street, NW,
        Washington, D.C. (Albert Stancil and Rufus Stancil,
        have co-ownership interests of record in that property);
        and

     -- property located at 1405 New Jersey Avenue, NW,
        Washington, D.C. (third defendant, Mary Stancil, is a
        co-owner of that property).

On July 15, 2014, the plaintiff filed two motions for summary
judgment in this adversary proceeding, one with respect to the
Hamilton Street property and the other with respect to the New
Jersey Avenue property.  August 1, 2014, was the deadline for
opposing the motions for summary judgment. No timely opposition
was filed.

Gary Stancil filed for Chapter 11 bankruptcy (Bankr. D.D.C. Case
No. 11-00747) on Oct. 6, 2011.  The case was then converted to
Chapter 7.


GBDRE CO: Case Summary & 3 Largest Unsecured Creditors
------------------------------------------------------
Debtor: GBDRE Co. Inc.
        630 East Jericho Turnpike
        Huntington Station, NY 11746

Case No.: 14-73926

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 22, 2014

Court: United States Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: Elena M Kreitzman, Esq.
                  SPINA & KREITZMAN
                  300 Rabro Drive, Suite 152
                  Hauppauge, NY 11788
                  Tel: (631) 342-8388
                  Fax: (631) 342-8366
                  Email: emk419@aol.com

                    - and -

                  Frank G. Spina, Esq.
                  SPINA & KREITZMAN
                  300 Rabro Drive, Suite 152
                  Hauppauge, NY 11788-4256
                  Email: emk419@aol.com

Total Assets: $4 million

Total Liabilities: $2.43 million

The petition was signed by Gerald Brouard, president.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/nyeb14-73926.pdf


GLOBAL AVIATION: OK'd to Disburse Funds to Pay Healthcare Claims
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Global Aviation Holdings Inc., et al., to disburse funds allocated
to pay healthcare claims.

The Court's order also, among other things, approved the claims
distribution procedures; and authorized the Debtors to implement
the claims distribution procedures, including the payment of the
unpaid FSA claims, the administrative cost and the payment of
unpaid healthcare claims.

The Court directed that:

   1. 40% of the additional payments will be deposited when
received in a separate, segregated account.  The remaining
employee benefit fund will be designated first for payment of any
unpaid employee benefit clams for all employees of the Debtors, if
allowed and not otherwise satisfied by the Healthcare fund, prior
to payment of any other claims, and such designation will be
binding upon any subsequent Chapter 7 trustee.

   2. The amount of $35,000 will be distributed from the Heathcare
Fund to David P. Mares and such payment will resolve the ALPA
objection and MARES objection and such objection are deemed
withdrawn.

   3. The additional 5% distribution will be distributed pursuant
to the claims distribution procedures.

   4. Payments to the medical provider will contain a notice that
upon accepting payment, such medical provider will be deemed to
have accepted such payment in full in satisfaction of the unpaid
healthcare claims and such medical provider will have no further
claims against the Debtors' estate, United Healthcare Services,
Inc. (UHC) or employee subject of the unpaid medical claim.

David P. Mares, captain at North American Airlines, a subsidiary
of Global Aviation Holdings Inc. requested for disbursement in the
amount of $184,786 -- the difference between the disability
payment from UNUM and the disability payment from Social Security
Disability id $1,055 per month.

Mr. Mares related that in March 2014, the employees were notified
that Cerberus Business Finance LLC served the Debtors with a
notice of default.  All the employees' healthcare and life
insurance and long term disability insurance with UNUM was
canceled.  The UMUM Plan would have paid 55% of his salary per
year till age 65 which is the mandatory retirement age for pilots.

The Debtors, in reply to the objection of the Air Line Pilots
Association International, to motion for approval of disbursement,
stated that they must take into account the interest of all of
their former employees and the Debtors certainly do not intend to
favor the special interest of a minority of former employees to
the disadvantage of the majority.

As reported in the Troubled Company Reporter on July 29, 2014,
AFL-CIO objected to the Debtors' motion stating that the Debtors'
proposed disbursement fails to provide for unpaid medical claims
for NAA pilots that were incurred on or after March 31, 2014 and
also fails to provide for NAA pilot losses arising from Debtors'
termination of other insurance plans, such as long-term
disability.  It would be inequitable, as Debtors propose, to
pay in full employees whose unpaid medical claims arose before
March 31, 2014 (and to pay the one employee not paid in full
almost all of the remaining fund amounts), while paying zero to
employees whose unpaid medical claims happened to arise on or
after March 31, 2014 or whose losses stem from Debtors'
termination of insurance plans other than the medical plan. ALPA
does not seek any additional monies for disbursement, only that
the disbursement be expanded to cover these additional claims. In
the alternative, if the Court declines to order Debtors to include
in the proposed disbursement NAA pilots whose unpaid medical
claims arose on or after March 31, 2014 or who have unpaid claims
arising from the termination of other insurance plans, ALPA
proposes that the Court issue an order providing that after the
case has converted to a Chapter 7, the Chapter 7 Trustee must pay
such claims, if allowed, as the first claims paid out of the
segregated account and must make such payments as monies to pay
such claims become available in the Segregated Account.

               About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- the parent
company of North American Airlines and World Airways, sought
Chapter 11 bankruptcy protection on Nov. 12, 2013.  North American
Airlines, founded in 1989, operates passenger charter flights
using B767-300ER aircraft.  Founded in 1948, World Airways --
http://www.woa.com-- operates cargo and passenger charter flights
using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented a prior Chapter 11 reorganization in February 2013.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington). The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The 2013 petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

In the 2013 case, the Debtors are represented by Kourtney Lyda,
Esq., at Haynes and Boone, LLP, in Houston, Texas; and Christopher
A. Ward, Esq., at Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.

The Deal reported that World Airways Inc. ceased operations on
March 27, 2014, after its bankrupt parent was unable to secure
necessary funding to keep the charter operator airborne.

                   About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- the parent
company of North American Airlines and World Airways, sought
Chapter 11 bankruptcy protection on Nov. 12, 2013.  North American
Airlines, founded in 1989, operates passenger charter flights
using B767-300ER aircraft.  Founded in 1948, World Airways --
http://www.woa.com-- operates cargo and passenger charter flights
using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented a prior Chapter 11 reorganization in February 2013.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington). The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The 2013 petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

In the 2013 case, the Debtors are represented by Kourtney Lyda,
Esq., at Haynes and Boone, LLP, in Houston, Texas; and Christopher
A. Ward, Esq., at Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.

The Deal reported that World Airways Inc. ceased operations on
March 27, 2014, after its bankrupt parent was unable to secure
necessary funding to keep the charter operator airborne.


GLOBALSTAR INC: President of Space Operations to Retire
-------------------------------------------------------
Anthony J. Navarra, Globalstar's president, space operations,
notified the company of his intent to retire effective Oct. 2,
2014, according to a document filed with the U.S. Securities and
Exchange Commission.

The Company and Mr. Navarra have entered into a consultant
agreement, effective as of the same date, whereby Mr. Navarra will
serve as a part-time consultant (at approximately 20% of his time)
to the company for one year.  The principal terms of the agreement
provide that: Mr. Navarra will be paid at his current salary
through Oct. 1, 2014; Mr. Navarra will be eligible for payment
under the 2014 Executive Bonus Plan as if his employment had
continued through Dec. 31, 2014; Mr. Navarra will receive $6,000
per month, plus up to $850 per month for insurance premiums,
during the consulting period; Mr. Navarra will be eligible for the
2015 Executive Bonus Plan equal to 20% of the level for senior
executives; and all of Mr. Navarra's equity awards will continue
to vest as scheduled during the consulting period.

His responsibilities and management duties will be divided between
the current directors of satellite operations and satellite
engineering, reporting to the CEO.

Tony has had a celebrated career in the satellite industry,
including with the U.S. Army specializing in presidential
satellite communications, in the satellite divisions of Magnavox,
TRW, and beginning in 1986 with Loral, one of the founding
partners of Globalstar.  During his tenure, Tony has at various
times managed the operating network, product design and
development, government and international sales, installation of
the ground stations and launching and operating Globalstar's first
and second generation constellations.  He was one of the company's
first employees and has served in numerous capacities over his
years with Globalstar.

"Tony has been a fixture at Globalstar.  From the very beginning,
he has been a part of the leadership team that made Globalstar a
pioneer in the satellite industry; he and his colleagues defined
the very architecture and implementation of our network.  He led
groups that recently completed Globalstar's $1 billion second
generation constellation, positioning the company to remain an
industry leader for many years to come," said Jay Monroe, Chairman
and CEO.  "We have relied on Tony for more than two decades.  He
has graciously agreed to stay through October 2 to transition his
day-to-day responsibilities and, as importantly, will remain with
us for the next year as a consultant.  Tony has built an
exceedingly strong team in satellite engineering and operations,
and all of us at Globalstar wish him the very best in his
retirement."

"I am proud and feel privileged to have been part of the birth and
rebirth of Globalstar, and I look forward to my new role and the
company's continued success," Mr. Navarra said.

                       About Globalstar, Inc.

Globalstar is a leading provider of mobile satellite voice and
data services.  Globalstar offers these services to commercial and
recreational users in more than 120 countries around the world.
The company's products include mobile and fixed satellite
telephones, simplex and duplex satellite data modems and flexible
service packages.  Many land based and maritime industries benefit
from Globalstar with increased productivity from remote areas
beyond cellular and landline service.  Globalstar customer
segments include: oil and gas, government, mining, forestry,
commercial fishing, utilities, military, transportation, heavy
construction, emergency preparedness, and business continuity as
well as individual recreational users.  Globalstar data solutions
are ideal for various asset and personal tracking, data monitoring
and SCADA applications.

Globalstar reported a net loss of $591.11 million in 2013, a net
loss of $112.19 million in 2012 and a net loss of $54.92 million
in 2011.

As of June 30, 2014, the Company had $1.32 billion in total
assets, $1.53 billion in total liabilities and a $204.45 million
total stockholders' deficit.


GLYECO INC: Alexander and Ioia Step Down as Directors
-----------------------------------------------------
Everett Alexander and Joseph A. Ioia tendered their resignations
as directors of GlyEco, Inc., effective on Aug. 22, 2014,
according to a regulatory filing with the U.S. Securities and
Exchange Commission.  The resignations were not the result of any
disagreement with the Company on any matter relating to its
operations, policies, or practices.

Both Mr. Alexander and Mr. Ioia remain committed to the Company
and intend to remain shareholders.  Mr. Alexander will be assuming
a consulting role with the Company going forward with a particular
focus on developing strategic partnerships internationally, while
Mr. Ioia will continue to provide support related to the Company's
expansion at its New Jersey Processing Center and wherever else
his expertise or services may be needed.

The Company said the vacancies created in the Company's Board of
Directors by these resignations will be filled at the Company's
next annual meeting of stockholders.

                          About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco, Inc., is a green chemistry company
formed to roll-out its proprietary and patent pending glycol
recycling technology that transforms waste glycols, a hazardous
material, into profitable green products.

GlyeCo reported a net loss of $4.01 million in 2013, a net loss of
$1.86 million in 2012.and a net loss of $592,171 in 2011.

As of March 31, 2014, the Company had $14.51 million in total
assets, $2.67 million in total liabilities and $11.84 million in
total stockholders' equity.

Semple, Marchal & Cooper, LLP, in Phoenix, Arizona, 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 yet to achieve profitable
operations and is dependent on its ability to raise capital from
stockholders or other sources to sustain operations and to
ultimately achieve viable profitable operations.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.


GOLDEN STATE MEDICAL: S&P Withdraws 'B' Corporate Credit Rating
---------------------------------------------------------------
Standard & Poor's Ratings Services withdrew its ratings, including
the 'B' corporate credit rating and 'B' issue-level rating, on
Golden State Medical Supply Inc. and its new first-lien debt at
the issuer's request.  Golden State was planning to issue a new
$160 million first-lien credit facility to refinance its existing
debt and make a distribution to the shareholders, but decided not
to pursue the transaction.


GOLDKING HOLDINGS: Enters Into 6th Stipulation on DIP Loans
-----------------------------------------------------------
Goldking Holdings, LLC, et al., entered into a sixth agreed
stipulation concerning the final order approving postpetition
financing.  The stipulation entered with lender Wayzata
Opportunities Fund II, L.P., extended the budget from Aug. 8,
2014, to Aug. 19, without increasing or changing total financing
commitment, to allow the Debtors until Aug. 19, to have a plan of
reorganization confirmed by the Court.

                   About Goldking Holdings

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

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

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

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

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

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

Judy A. Robbins, United States Trustee for the Southern District
of Texas, appointed a three-member official committee of unsecured
creditors.  Matthew S. Okin, Esq. and Christopher Adams of Okin &
Adams LLP serve as local counsel to the Committee.  The Committee
withdrew its application to employ  Brinkman Portillo Ronk, APC,
as general counsel amidst objections from the Debtors and the U.S.
Trustee.  Claro Group LLC is the panel's financial advisor.

Wayzata Investment Partners, LLC and Wayzata Opportunities Fund
II, L.P. are lenders to the Debtors.  They are represented by John
F. Higgins, Esq., of Porter Hedges LLP.


GREAT LAKES DREDGE: Moody's Keeps Caa1 Rating on $250MM Sr. Notes
-----------------------------------------------------------------
Moody's Investors Service changed Great Lakes Dredge & Dock
Corporation's ("Great Lakes") outlook to positive from stable due
to the company's expected continued improvement in operating
performance and financial leverage stemming from its re-focus on
its core dredging and environmental remediation businesses post
the sale of its loss generating demolition business in April 2014.

In addition, the expectation of a moderate improvement in EBITDA
margins over the intermediate term as the company executes on its
current backlog and generates future business from current bidding
activity also underlie the outlook change. Great Lakes' ratings
including its Corporate Family Rating ("CFR") and Probability of
Default Ratings were affirmed at B3 and B3-PD, respectively.
Concurrently, Moody's affirmed the rating on the company's
unsecured notes due 2019 at Caa1. Great Lakes' speculative grade
liquidity rating ("SGL") was affirmed at SGL-3, reflecting an
adequate liquidity profile.

Financial leverage pro forma for the sale of the demolition
business has improved meaningfully to 4.0x debt/EBITDA (on a
Moody's adjusted basis) for the last twelve month period ended
June 30, 2014 from close to 6.0x a year ago when the demolition
business was part of the company's operations. Although the
demolition business was not a sizable portion of the company's
revenue base, contributing 10-15% of revenues prior to the sale,
the operating losses, internal control weaknesses and reporting
issues the company had faced in that business contributed to net
losses in this segment.

The outlook change recognizes the company's re-focus on its core
dredging business post the sale of the demolition operations and
continued healthy backlog. Great Lakes' ratings are constrained at
B3 despite improved credit metrics because of risks associated
with the company's announced intention to increase debt levels in
order to finance the construction of its new $140 million ATB
hopper dredge expected to become operational during the second
half of 2016. According to Moody's analyst Gigi Adamo, "the
company's liquidity profile is not sufficiently robust to cushion
the risks associated with newbuild equipment that is debt-funded
and not tied to long-term contracts".

Ratings affirmed:

Corporate Family Rating, at B3;

Probability of Default Rating, at B3-PD;

$250 million 7.375% Senior Unsecured Notes due 2019, at Caa1
(LGD-4)

Speculative Grade Liquidity Rating, affirmed at SGL-3

Outlook actions:

Outlook, changed to Positive from Stable

Ratings Rationale

The affirmation of Great Lakes' B3 CFR reflects the highly
cyclical and high fixed-cost nature of the dredging industry, high
customer concentration and dependence on government funding
priorities. Historical earnings variability from quarter to
quarter due to the effect of impacts from adverse weather
conditions on equipment utilization, changing funding availability
and variation in quarterly backlog levels also underscore the
ratings. Additionally, the company's operations abroad contribute
to costs related to transporting equipment to these destinations,
differences in environmental and regulatory conditions, and
greater working capital needs. These factors are counterbalanced
by Great Lakes' strong market position in the domestic dredging
industry and high barriers to entry created by the Jones Act and
the sizable amount of capital required to enter the dredging
business.

Great Lakes' SGL-3 liquidity rating reflects Moody's expectation
that the company will maintain an adequate liquidity profile over
the intermediate term. Free cash flow is expected to be negative
due to the higher level of capital expenditures required for the
construction of the company's sizable new ATB "Articulated
Tug/Barge" hopper dredge. In addition, working capital swings
related to the seasonal nature of the business and operating
abroad also contribute to variability in free cash flow
generation. The ratings anticipate continued usage under the
company's $175 million revolving credit facility to fund working
capital swings and could be used to partially fund the
construction of the ATB dredge. Revolver availability was limited
at June 30, 3014 quarter-end with availability of $25 million,
largely due to letters of credit outstanding of $114.9 million.
However, the company reported cash balances of $38 million as of
that date and it does not have any meaningful near-term debt
maturities. The company is expected to maintain comfortable
headroom under covenants over the intermediate term.

The positive outlook is supported by the company's re-focus on its
core dredging business and expectations that operating performance
and margins will improve as the company executes on its backlog
and generates new business from current bidding activity. In
Moody's view, investments the company has made to date could
support anticipated expected revenue growth over the intermediate
term.

The ratings could be raised if the company improves its liquidity
position including revolver availability, continues to report a
healthy backlog and debt to EBITDA is sustained below the 4.5
times range, inclusive of ATB dredge-related financing.

A meaningful deterioration in the company's earnings performance,
liquidity profile or financial metrics such that debt/EBITDA
exceeds 6.0 times could pressure ratings.

The principal methodology used in this rating was Global
Construction Methodology published in November 2010. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.

Great Lakes Dredge & Dock Corporation, founded in 1890 and
headquartered in Oak Brook, Illinois is the largest provider of
dredging services in the United States with a portion of revenues
generated abroad. The company also owns a specialty contracting
service provider which primarily offers environmental and
remediation services in the Northeast and Midwest U.S. Revenues
for the last twelve months ended June 30, 2014 approximated $763
million.


HAYDEL PROPERTIES: UST Wants Case Dismissed or Converted to Ch.7
----------------------------------------------------------------
Henry G. Hobbs, Jr., United States Trustee for Region 5, asks the
U.S. Bankruptcy Court for the Southern District of Mississippi to
dismiss the Chapter 11 case of Haydel Properties LP or convert the
case to a Chapter 7 liquidation proceeding because the Debtor is
delinquent in filing its monthly operating reports.

The US Trustee states, pursuant to Section 1112(b), grounds for
cause exist to convert the case to a Chapter 7 proceeding or
dismiss the case include, but not limited to:

  a) failure to comply with an order of the Court; and
  b) Failure to file monthly operating reports.

The US Trustee reserves the right to provide additional grounds
for cause to convert or to dismiss this case at any hearing on
this matter.

The Court set a hearing for Sept. 4, 2014, at 2:30 p.m., Courtroom
Gulfport, to consider the US Trustee' request to convert or
dismiss the Debtor's case.

The US Trustee tells the Court that this is its fourth request to
dismiss or convert the Debtor's case.

                    About Haydel Properties LP

Haydel Properties LP, based in Biloxi, Mississippi, filed for
Chapter 11 bankruptcy (Bankr. S.D. Miss. Case No. 12-50048) on
Jan. 11, 2012.  Judge Katharine M. Samson presides over the case.
Christy Pickering serves as accountant.  The Debtor disclosed
$11.7 million in assets and $6.8 million in liabilities as of the
Chapter 11 filing.

The Debtor is represented by Robert Gambrell, Esq., at Gambrell &
Associates, PLLC, and Patrick A. Sheehan, at Sheehan & Johnson,
PLLC.

The Debtor won confirmation of its First Amended Plan of
Reorganization.  The Plan was conceived by management as an
alternative to the more drastic measures available for
restructuring the Company's debt, such as total liquidation of
equipment and properties.  The Debtor will continue to operate the
rental business and market numerous parcels of real property.


HOLY HILL: Richard Laski Appointed as Chapter 11 Trustee
--------------------------------------------------------
The Bankruptcy Court approves the appointment of Richard Laski as
Chapter 11 trustee in the bankruptcy case of Holy Hill Community
Church.  A $100,000 bond will be posted.

The U.S. Trustee has appointed Mr. Laski as trustee upon
consultation with Holy Hill, Downtown Capital, LLC, Carl Sohn.

To the best of the U.S. Trustee's knowledge, Mr. Laski is a
disinterested person with any party-in-interest in the bankruptcy
case.

Mr. Laski is a CPA with over 20 years experience managing and
restructuring companies in bankruptcy. He has served as chief
restructuring officer, interim CEO, Court-appointed examiner, and
Chapter 11 trustee on numerous cases over the years.

                           *     *     *

The Bankruptcy Court had approved the request of Parker Shumaker
Mills, LLP, to appoint a Chapter 11 trustee to take control of the
bankruptcy estate of Holy Hill Community Church.  Parker Shumaker
Mills sought the appointment, asserting that Holy Hill's primary
asset, which serves as the collateral for its secured claim, is
uninsured, and lacks any form of fire safety and suppression
system. Parker Shumaker Mills stressed that this placed both the
collateral, and the general public, at great risk of harm or
destruction.

Holy Hill's primary asset is a 5.5-acre property at 1111 W. Sunset
Boulevard, in Los Angeles, California. This property is prime real
estate which overlooks Dodger Stadium and downtown Los Angeles.

Victor A. Sahn, Esq., at SulmeyerKupetz, in Los Angeles,
California, pointed out that the property's value greatly exceeds
the secured debt against it, and will also be sufficient to pay
all creditors in full if protected under the stewardship of a
qualified trustee who would market the property and sell it for
the highest price obtainable after the necessary marketing period.

A Chapter 11 trustee would be in a position to take control of the
premises, ensure that insurance is obtained and maintained, and
take steps to either liquidate the property or address the lack of
smoke alarms and sprinklers. Most importantly, the equity in the
property would be preserved and maximized and not lost due to
foreclosure, noted Mr. Sahn.

Holy Hill, in response to Parker Shumaker Mills, clarified that a
life-fire safety system is in full operation at the property.

Parker Shumaker Mills is represented by:

     Victor A. Sahn, Esq.
     David J. Richardson, Esq.
     Sulmeyerkupetz
     333 South Hope Street, Thirty-Fifth Floor
     Los Angeles, CA 90071-1406
     Telephone: 213-626-2311
     Facsimile: 213-629-4520

Holy Hill Community Church is represented by:

     W. Dan Lee, Esq.
     4311 Wilshire Blvd., Suite 620
     Los Angeles, CA 90010
     Tel: (213) 908-2245
     Fax: (213) 908-2237
     E-mail: dc5law@gmail.com

Holly Hill Community Church, aka Holy Hill Community Church, a
protestant church in Los Angeles, filed for Chapter 11 protection
(Bankr. C.D. Cal. Case No. 14-21070) on June 5, 2014.  Holly Hill,
a California non-profit corporation incorporated for the purposes
of conducting religious activities as a protestant Christian
church, disclosed $20 million in assets and $12 million in debt.
John Jenchun Suh, the pastor and CEO of the church, signed the
bankruptcy petition.  W. Dan Lee of the Lee Law Offices, in Los
Angeles, is representing the Debtor as counsel.  Judge Julia W.
Brand presides over the case.


HYDROCARB ENERGY: Borrows $4.5 Million to Repay Existing Note
-------------------------------------------------------------
Hydrocarb Energy Corporation entered into a credit agreement with
Shadow Tree Capital Management, LLC, as agent for the lenders,
pursuant to which the Lenders loaned the Company $4 million, which
was represented by Term Loan Notes in an aggregate amount of
$4,545,454, representing an original issue discount of 12%.  The
Company also paid the Lenders a structuring fee of $90,909 equal
to 2% of the principal amount of the Notes and agreed to reimburse
the Lenders for all reasonable and documented fees, costs and
expenses associated with the Credit Agreement, which totaled
$172,824 in aggregate.

The Company paid ROTH Capital Partners, LLC, a placement fee of 5%
of the total value of the Loans ($227,273), as placement agent and
Gary W. Vick, a consulting fee of 1% of the face value of the
Loans ($45,455) for consulting services rendered.  As a result of
the payments, the net amount of funding received from the Loans
was $3,463,539.

The Company plans to use the funds raised in connection with the
Credit Agreement to repay its existing senior note with Green
Bank, pay administrative costs, lender fees and legal costs and
fund the cost of resuming, increasing and sustaining oil and gas
production, including well work and infrastructure improvements,
at the Company's Galveston Bay Fields.

Pursuant to the Credit Agreement, the Company has the right, at
any time prior to the one year anniversary of the Credit
Agreement, to borrow up to an additional $1,000,000 under the
Credit Agreement, subject to certain pre-requisites and
requirements as set forth in the Credit Agreement, including, but
not limited to the Company raising $750,000 through the sale of
equity subsequent to the closing of the transactions contemplated
by the Credit Agreement.  The Company also agreed to pay a 2%
Structuring Fee on the Additional Loan.  The proceeds of the
Additional Loan may only be used for the Oil and Gas Activities.

A copy of the Credit Agreement dated as of Aug. 15, 2014, by and
among Hydrocarb Energy Corporation, as borrower, Shadow Tree
Capital Management, LLC, as agent, is available for free at:

                         http://is.gd/95Yc8Y

                        About Hydrocarb Energy

Hydrocarb Energy, formerly known as Duma Energy Corp, is a
publicly-traded Domestic and International energy exploration and
production company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world.
With exploration concessions in Africa, production in Galveston
Bay and Oil Field Services in the United Arab Emirates, the
Company maintain offices in Houston, Texas, Abu Dhabi, UAE and
Windhoek, Namibia.

Duma Energy incurred a net loss of $40.47 million for the year
ended July 31, 2013, a net loss of $4.57 million for the year
ended July 31, 2012, and a net loss of $10.28 million for the
year ended July 31, 2011.  The Company's balance sheet at
April 30, 2014, showed $26.73 million in total assets, $15.22
million in total liabilities and $11.50 million in total equity.


KID BRANDS: Sale of Sassy Assets to Angelcare Approved
------------------------------------------------------
Sassy, Inc., a wholly owned subsidiary of Kid Brands, Inc., on
August 18, 2014, completed the sale of its assets to Angelcare
Monitors, Inc., a Canadian corporation, for an aggregate purchase
price of $12,500,000, plus certain assumed liabilities to be made
by Purchaser up to a maximum of $300,000.

Angelcare will acquire certain assets of Sassy and other
affiliates used primarily in the operation of Sassy's business of
designing, importing, marketing and distributing certain branded
infant and juvenile products, including developmental toys and
feeding, bath and baby care items.

The Sale was made pursuant to an amended and restated Asset
Purchase Agreement, dated as of July 25, 2014, and a Corrected
Amended Order of the United States Bankruptcy Court for the
District of New Jersey dated August 19, 2014.

The Purchase Price was paid to a bank account under the control of
Salus Capital Partners, LLC, as agent for the lenders party to
that Debtor-in-Possession Credit Agreement dated as of June 18,
2014 by and among Sassy, its affiliate guarantors, Salus and the
other lenders party thereto. Pursuant to the Amended Sassy
Agreement, the parties also executed an amended Transition
Services Agreement pursuant to which, in addition to certain
transition services provided to each party thereunder, the parties
agreed: (i) to share in the proceeds from the sale of certain
licensed inventory, with 70% of such proceeds (after storage and
other costs) being disbursed to Sassy (subject to a hold-back of
certain amounts until December 31, 2014 in respect of certain
potential claims of the Sassy Purchaser), and 30% of such proceeds
being disbursed to the Sassy Purchaser; and (ii) that Sassy would
retain certain other licensed inventory, which Sassy currently
intends to sell for its own account.

A copy of the Order, approving the sale of the Sassy Assets
pursuant to the Amended Sassy Agreement, is available at
http://is.gd/8GD6v1

                       About Kid Brands

Based in Rutherford, New Jersey, Kid Brands, Inc., is a designer,
importer, marketer, and distributor of infant and juvenile
consumer products.  Its operating subsidiaries consist of Kids
Line, LLC, CoCaLo, Inc., Sassy, Inc., and LaJobi, Inc.  Providing
"everything but the baby" for a child's nursery, the company sells
infant bedding and accessories under the Kids Line and CoCaLo
brands; nursery furniture under the LaJobi brand; and baby care
items under the Kokopax and Sassy brands.

Citing their inability to raise capital due to contingent
liabilities and operational issues, Kid Brands and six of its U.S.
subsidiaries each filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No.
14-22582) on June 18, 2014.  To preserve the value of their
assets, the Debtors are pursuing a sale of the assets pursuant to
section 363 of the Bankruptcy Code.

As of April 30, 2014, the Debtors had $32.40 million in total
assets and $109.1 million in total liabilities.  As of the
Petition Date, unsecured debts totaled $54 million.

Judge Donald H. Steckroth oversees the cases.  The Debtors have
sought and obtained an order directing joint administration of
their Chapter 11 cases.

Lowenstein Sandler LLP serves as the Debtors' counsel.
PricewaterhouseCoopers LLP is the Debtors' financial advisor.  GRL
Capital Advisors acts as the Debtors' restructuring advisors.
GRL's Glenn Langberg served as the Debtors' chief restructuring
officer.  Mr. Langberg also oversaw the bankruptcy and sales of
Big M Inc., operator of the Mandee and Annie Sez stores.  Rust
Consulting/Omni Bankruptcy is the Debtors' claims and noticing
agent.

Salus Capital Partners LLC and Sterling National Bank have
committed to provide up to $49 million in DIP financing to the
Debtors.


ILLINOIS STOCK TRANSFER: Placed Into Receivership
-------------------------------------------------
Illinois Stock Transfer Company d/b/a IST Shareholder Services,
and Robert G. Pearson have been placed into receivership in
connection with the proceeding, United States Securities and
Exchange Commission, Plaintiff, v. Robert G. Pearson and Illinois
Stock Transfer Company (d/b/a IST Shareholder Services),
Defendants, Case No. 14 C 3785 (N.D. Ill.), pending before Hon.
Rebecca R. Pallmeyer has placed

IST is based at 433 South Carlton Avenue, Wheaton, Illinois.

Proofs of claim must be filed in the receivership case by Sept.
30, 2014, 5:00 p.m. Central Standard Time.

The SEC on May 22, 2014, filed the complaint against Pearson and
IST.  Jill L. Nicholson has been appointed the receiver for both
IST and Pearson.

On June 12, 2014, an Asset Purchase Agreement with American Stock
Transfer Company a/k/a AST was consummated. Pursuant to the Asset
Purchase Agreement, IST?s accounts were transferred to AST.

IST is no longer accepting or processing transactions, and IST no
longer conducted business after June 23, 2014.

All communications regarding the receivership or claims against
the receivership estates of IST and/or Pearson should be addressed
to:

     Jill Nicholson
     Receiver for Illinois Stock Transfer Company
       and Robert G. Pearson
     540 North Dearborn Street
     PO Box 10351
     Chicago, IL 60610

Parties who believe they may have sustained losses should submit a
request for a claim form to istreceiver@foley.com by providing
their name, address, phone number, and email address.

A Plan of Distribution will be filed with the District Court
addressing claims and other matters affecting the receivership
estates at a later date.

On the Net: http://www.istreceivership.com/


JAMES RIVER COAL: Sept. 22 Set as Claims Bar Date
-------------------------------------------------
The U.S. Bankruptcy Court in Richmond, Virginia, has established
Sept. 22, 2014, at 5:00 p.m., prevailing Eastern Time, as the last
date and time for persons or entities, other than governmental
units, to file proofs of claim in the Chapter 11 cases of James
River Coal Company and its affiliated debtors.

The Court set Oct. 6, 2014, at 5:00 p.m., prevailing Eastern Time,
as the last date and time for governmental units to file proofs of
claim in cases.

                        About James River

James River Coal Company is a producer and marketer of coal in the
Central Appalachia ("CAPP") and the Midwest coal regions of the
United States.  James River's principal business is the mining,
preparation and sale of metallurgical coal, thermal coal (which is
also known as steam coal) and specialty coal.

James River and 33 of its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. E.D. Va. Case Nos. 14-31848 to 14-31886) in
Richmond, Virginia, on April 7, 2014.  The petitions were signed
by Peter T. Socha as president and chief executive officer.
Judge Kevin R. Huennekens oversees the Chapter 11 cases.

On the petition date, James River Coal disclosed total assets of
$1.06 billion and total liabilities of $818.6 million.

The Debtors are represented by Tyler P. Brown, Esq., Henry P.
(Toby) Long, III, Esq., and Justin F. Paget, Esq. at Hunton &
Williams LLP of Richmond, VA and Marshall S. Huebner, Esq, Brian
M. Resnick, Esq., and Michelle M. McGreal, Esq. at Davis Polk &
Wardwell LLP of New York, NY.  Kilpatrick Townsend & Stockton LLP
serves as the Debtors' special counsel.  Perella Weinberg Partners
L.P. is the Debtors' financial advisor.  Deutsche Bank Securities
Inc. serves as the Debtors' investment banker and M&G advisor.
Epiq Bankruptcy Solutions, LLC, acts as the debtors' notice,
claims and administrative agent.

The U.S. Trustee for Region 4 has appointed five creditors to the
Official Committee of Unsecured Creditors.  Michael S. Stamer,
Esq., Alexis Freeman, Esq., and Jack M. Tracy II, Esq., at Akin
Gump Strauss Hauer & Feld LLP; and Jonathan L. Gold, Esq.,
Christopher L. Perkins, Esq., and Christian K. Vogel, Esq., at
LeClairRyan.


JAMES RIVER: Accepts JR Acquisition's Bid for Mining Complexes
--------------------------------------------------------------
James River Coal Company on Aug. 21 disclosed that it has
accepted, subject to Bankruptcy Court approval, a committed and
binding bid from JR Acquisition, LLC, a wholly owned subsidiary of
Blackhawk Mining, LLC, to purchase the Hampden Mining Complex
(including the assets of Logan & Kanawha Coal Company, LLC), the
Hazard Mining Complex (other than the assets of Laurel Mountain
Resources LLC) and the Triad Mining Complex for $52,000,000 plus
the assumption of certain environmental and other liabilities.
Together these complexes employ over 900 employees of James River
Coal Company.

The winning bid was originally selected as the stalking horse
bidder in advance of an auction held on August 18, 2014 through
August 21, 2014 pursuant to Bankruptcy Court-approved bidding and
auction procedures.  The three-day auction included multiple bids
by multiple bidders.  Ultimately, the stalking horse bidder's
winning bid at the conclusion of the auction included numerous
structural enhancements and price improvements from the original
stalking horse bid.

The sale is expected to close on or about August 29, 2014 and is
subject to customary closing conditions.  A Bankruptcy Court
hearing is scheduled for August 26, 2014 to consider approval of
the sale.

                       About Blackhawk Mining

Blackhawk Mining, LLC was founded by Mitch Potter in 2010 and owns
and operates two coal mining complexes in eastern Kentucky with
production capacity of approximately 6.5 million tons per year.
The Spurlock complex is located in Floyd and Magoffin counties,
Kentucky, and produces specialty and thermal coal from surface and
underground mining methods.  The Pine Branch complex is located in
Knott, Breathitt, Perry and Leslie counties, Kentucky and produces
thermal coal from surface mining methods.  The Pine Branch complex
results from Blackhawk's 2012 acquisition of Pine Branch Coal
Sales, LLC and the March 2014 acquisition of Arch Coal's ICG
Hazard mining complex.

                        About James River

James River Coal Company is a producer and marketer of coal in the
Central Appalachia ("CAPP") and the Midwest coal regions of the
United States.  James River's principal business is the mining,
preparation and sale of metallurgical coal, thermal coal (which is
also known as steam coal) and specialty coal.

James River and 33 of its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. E.D. Va. Case Nos. 14-31848 to 14-31886) in
Richmond, Virginia, on April 7, 2014.  The petitions were signed
by Peter T. Socha as president and chief executive officer.
Judge Kevin R. Huennekens oversees the Chapter 11 cases.

On the petition date, James River Coal disclosed total assets of
$1.06 billion and total liabilities of $818.6 million.

The Debtors are represented by Tyler P. Brown, Esq., Henry P.
(Toby) Long, III, Esq., and Justin F. Paget, Esq. at Hunton &
Williams LLP of Richmond, VA and Marwill S. Huebner, Esq, Brian
M. Resnick, Esq., and Michelle M. McGreal, Esq. at Davis Polk &
Wardwell LLP of New York, NY.  Kilpatrick Townsend & Stockton LLP
serves as the Debtors' special counsel.  Perella Weinberg Partners
L.P. is the Debtors' financial advisor.  Deutsche Bank Securities
Inc. serves as the Debtors' investment banker and M&G advisor.
Epiq Bankruptcy Solutions, LLC, acts as the debtors' notice,
claims and administrative agent.

The U.S. Trustee for Region 4 has appointed five creditors to the
Official Committee of Unsecured Creditors.  Michael S. Stamer,
Esq., Alexis Freeman, Esq., and Jack M. Tracy II, Esq., at Akin
Gump Strauss Hauer & Feld LLP; and Jonathan L. Gold, Esq.,
Christopher L. Perkins, Esq., and Christian K. Vogel, Esq., at
LeClairRyan.


JBI INC: Posts $1.75-Mil. Net Loss in Q1 Ended March 31
-------------------------------------------------------
JBI Inc. filed its quarterly report on Form 10-Q disclosing a net
loss of $1.75 million on $18,718 of total sales for the three
months ended March 31, 2014, compared with a net loss of
$2.71 million on $144,808 of total sales for the same period last
year.

The Company's balance sheet at March 31, 2014, showed
$8.94 million in total assets, $5.72 million in total liabilities,
and total stockholders' equity of $3.22 million.

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

                       http://goo.gl/XuS3xC

Niagara Falls, N.Y.-based JBI, Inc., is clean energy company that
recycles waste plastic into liquid fuels.  JBI's proprietary
Plastic2Oil technology can deliver economic and environmental
benefits by replacing refined fuels and diverting waste plastic
from landfills.


JESAL PATWARI: Court Won't Reconsider Ruling Against Verma
----------------------------------------------------------
Bankruptcy Judge Novalyn L. Winfield denied the motion for
reconsideration brought by Susheela Verma in a disorgement suit
filed against her by the Chapter 7 trustee for Jesal Patwari.  The
lawsuit alleges that Verma received $17,000 in fees from Patwari
at the time the case was in Chapter 11 (Bankr. D. N.J. Case No.
09-26178).  The Chapter 7 trustee's disgorgement motion was
premised on the fact that (i) Ms. Verma had never been retained by
court order, (ii) no fee applications had been filed by Ms. Verma
and considered by the court, and (iii) that as a result, no orders
had been entered by the court permitting the payment of fees to
Ms. Verma.

The case before the Court is, Eric R. Perkins, as Trustee,
Plaintiff, v. Susheela Verma, Defendant, Adv. No. 10-2104 (Bankr.
D. N.J.).  A copy of the Court's August 21, 2014 Opinion is
available at http://is.gd/yrNryzfrom Leagle.com.

Michael S. Waters, Esq., Jeffrey Bernstein, Esq., and Nicole
Leonard, Esq., at McElroy, Deutsch, Mulvaney & Carpenter, LLP,
Newark, NJ, argue for the Chapter 7 Trustee.

Susheela Verma, Esq., at Law Office of Susheela Verma, in
Woodbridge, NJ 07095, appeared Pro Se.


KAHN FAMILY: To Present Plan for Confirmation Aug. 27
-----------------------------------------------------
Kahn Family, LLC, and Kahn Properties South, LLC, are slated to
present their Chapter 11 plan on Aug. 27, 2014, at 9:00 a.m.

The bankruptcy judge held in a July 24 order that the disclosure
statement filed June 27 and addendum filed July 23 contain
adequate information.

The last day for filing written acceptances or rejections
(ballots) of the plan was Aug. 22.  Written objections to
confirmation were also due Aug. 22.

A copy of the Addendum to the Amended Disclosure Statement is
available for free at:

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

                         About Kahn Family

Kahn Family, LLC, and Kahn Properties South, LLC, filed bare-bones
Chapter 11 petitions (Bankr. D. S.C. Case Nos. 13-02354 and
13-02355) on April 22, 2013.  Kahn Family disclosed $50 million to
$100 million in assets and liabilities.  R. Geoffrey Levy, Esq.,
at Levy Law Firm, LLC, serves as the Debtors' counsel.  David G.
Wolff, Esq., at Barnes, Alford, Stork & Johnson, LLP, is the
Debtor's special counsel.  Bill Quattlebaum, CPA of Elliott Davis,
LLC, serves as its accountant.

The Debtor's Plan of Reorganization dated Dec. 20, 2013, provides
that payments and distributions under the Plan will be funded by
(1) the sale of certain of the Debtor's real property at fair
market value; (2) the transfer of certain real property of the
Debtor to Gibraltar BB4, LLC; (3) conversion of certain unsecured
claims against the Debtor to equity in the Reorganized Debtor; (4)
cash on hand on the Effective Date; and (5) cash flow from
continuing operations.


KOKOMO CHIROPRACTIC: Case Summary & 3 Unsecured Creditors
---------------------------------------------------------
Debtor: Kokomo Chiropractic, P.C.
        824 Belvedere Drive
        Kokomo, IN 46901

Case No.: 14-07882

Nature of Business: Healthcare

Chapter 11 Petition Date: August 22, 2014

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Hon. Robyn L. Moberly

Debtor's Counsel: John Joseph Allman, Esq.
                  TUCKER HESTER BAKER & KREBS, LLC
                  One Indiana Square, Suite 1600
                  Indianapolis, IN 46204
                  Tel: 317-833-3030
                  Fax: 317-833-3031
                  Email: jallman@thbklaw.com

                    - and -

                  David R. Krebs, Esq.
                  TUCKER, HESTER, BAKER & KREBS, LLC
                  One Indiana Square, Suite 1600
                  Indianapolis, IN 46204
                  Tel: 317-833-3030
                  Fax: 317-833-3031
                  Email: dkrebs@thbklaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Joseph A. Hicks, president.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/insb14-07882.pdf


LA RIVIERA BAR: Case Summary & 16 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: La Riviera Bar LLC
        4079 Route 516
        Matawan, NJ 07747

Case No.: 14-27377

Chapter 11 Petition Date: August 22, 2014

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Hon. Christine M. Gravelle

Debtor's Counsel: Frank Armenante, Esq.
                  MALSBURY, ARMENANTE & KAPLAN
                  12 N. Main Street
                  PO Box 157
                  Allentown, NJ 08501
                  Tel: (609) 259-7944
                  Fax: (609) 259-0872
                  Email: frankp@malsarmlaw.com

Total Assets: $0

Total Liabilities: $1.22 million

A list of the Debtor's 16 largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb14-27377.pdf


LANGTREE VENTURES: Involuntary Chapter 11 Case Summary
------------------------------------------------------
Alleged Debtor: Langtree Ventures MOB, LLC
                114 Ventana Court
                Mooresville, NC 28117

Case Number: 14-50601

Involuntary Chapter 11 Petition Date: August 22, 2014

Court: United States Bankruptcy Court
       Western District of North Carolina (Statesville)

Judge: Hon. Laura T. Beyer

Petitioners' Counsel: James H. Henderson, Esq.
                      JAMES H. HENDERSON, P.C.
                      1201 Harding Place
                      Charlotte, NC 28204-2248
                      Tel: 704.333.3444
                      Fax: 704.333.5003
                      Email: henderson@title11.com

Alleged Debtor's petitioners:

  Petitioners                Nature of Claim     Claim Amount
  -----------                ---------------     ------------
Ace Cleaning Services        Cleaning Services       $270
20000 Colony Point Lane
Cornelius, NC 28031

Horack Talley                Legal Services        $5,383
301 South College Street
Ste 2600
Charlotte, NC 28202-6006

United Building Maintenance  Maintenance          $27,311
214 North Tryon Street
Ste 3970
Charlotte, NC 28202


LEHMAN BROTHERS: Banks Want Increase in RMBS Reserves to $12.14B
----------------------------------------------------------------
Joseph Checkler, writing for The Wall Street Journal, reported
that some of the largest financial institutions in the U.S., which
serve as trustees for residential mortgage-backed securities
trusts, said Lehman Brothers Holdings Inc. needs to set aside
$12.14 billion to settle claims over certain soured mortgage
loans, more than double what the failed investment bank has
currently set aside for the dispute.  According to the report,
lawyers for the trustees said in a filing with the U.S. Bankruptcy
Court in New York that an independent review of the loans packaged
and sold by Lehman before the financial crisis shows Lehman's
liability is much worse than the original $5 billion estimate.

                      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)


LIBERTY SILVER: TSX Appeal Committee Opts to Delist Common Shares
-----------------------------------------------------------------
Liberty Silver Corp. on Aug. 11 disclosed that the Appeal
Committee of the Toronto Stock Exchange ("TSX") has determined to
delist the Company's common shares effective the close of business
on August 5, 2014 as a result of the failure by the Company to
meet the continued listing requirements of the TSX.

The Company is reviewing alternative Canadian trading markets and
will provide further updates.

                   About Liberty Silver Corp.

Liberty Silver Corp. -- http://www.libertysilvercorp.com-- is
focused on exploring and advancing mineral properties located in
North America. Liberty Silver is led by a skilled, experienced
management team and board of directors with significant experience
managing exploration, development and mining projects. Liberty
Silver is committed to creating value for its shareholders. The
Trinity Silver Project, located in Pershing County, Nevada, is
Liberty Silver's flagship project. Liberty Silver has the right to
earn a joint venture interest in the 10,579 acres Trinity property
pursuant to the terms of an earn-in agreement with Renaissance
Gold Inc.


MASHANTUCKET PEQUOT: In Talks with Lenders for Foxwoods Casino
--------------------------------------------------------------
Lisa Allen, writing for The Deal, reported that The Maschantucket
Pequot Tribal Nation, which operates Foxwoods Resort Casino in
Ledyard, Conn., is in talks with its senior lenders after
violating a debt covenant, and ratings agencies said they believe
it could be headed toward a second debt restructuring just over a
year after its last debt revamp closed.  According to the report,
the Native American tribe warned on Aug. 14 that it had violated
debt covenants related to its bank debt facility with Bank of
America Corp. and was in discussions with senior lenders to
explore options related to the breach.

                     About Mashantucket Pequot

Mashantucket Pequot Tribal Nation owns and operates Foxwoods
Resort Casino in Ledyard, Connecticut.  Foxwoods, among the
largest casinos in the U.S. by gambling space, is on tribal land
in the town of Ledyard.  It opened a casino hotel expansion under
the MGM Grand brand in 2008 just as the recession began to pinch
gambling revenue and nearby states expanded their gaming
offerings.

                          *     *     *

The Troubled Company Reporter, on Aug. 25, 2014, reported that
Moody's Investors Service lowered The Mashantucket Pequot Tribal
Nation's Corporate Family Rating to Caa3 from Caa1 and placed the
company ratings on review for downgrade.  The downgrade to Caa3,
along with the possibility of a further downgrade, is based on
Moody's view that because of non-compliance with certain bank
agreement financial covenants and a challenging market
environment, there is a high degree of risk that MPTN will not be
able to sustain its current capital structure and that some form
of debt restructuring and impairment is likely.

The TCR, Aug. 20, 2014, reported that Standard & Poor's Ratings
Services lowered its ratings, including its issuer credit rating,
on Mashantucket, Conn.-based casino operator Mashantucket
(Western) Pequot Tribe to 'CCC-' from 'CCC+'.  The rating outlook
is negative.  The downgrade, according to S&P, reflects meaningful
underperformance relative to the rating agency's previous forecast
because of ongoing operating challenges, which has led to a breach
of financial covenants under Mashantucket's senior credit
facility.


MAYAN GANEM: Case Summary & 9 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Mayan Ganem Investment, LLC
        1270 South Alfred Street, #351870
        Los Angeles, CA 90035

Case No.: 14-26240

Chapter 11 Petition Date: August 22, 2014

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

Judge: Hon. Vincent P. Zurzolo

Debtor's Counsel: Raymond H Aver, Esq.
                  LAW OFFICES OF RAYMOND H AVER APC
                  1950 Sawtelle Blvd Ste 120
                  Los Angeles, CA 90025
                  Tel: 310-473-3511
                  Fax: 310-473-3512
                  Email: ray@averlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Franco Haiem, manager.

A list of the Debtor's nine largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb14-26240.pdf


METALDYNE CORP: American Securities To Sell Shares to Public
------------------------------------------------------------
Joseph B. White, writing for The Wall Street Journal, reported
that American Securities, one of the private-equity firms that
invested in auto parts during the recession, is now taking
advantage of the industry's rebound to sell to the public its
shares of auto-parts maker Metaldyne Performance Group Inc.
According to the report, citing a filing with the U.S. Securities
and Exchange Commission, the company estimates an initial public
offering of $150 million, which would go to investors led by
American Securities.

                         About Metaldyne

Metaldyne LLC -- http://www.metaldyne.com/-- is a leading global
manufacturer of engineered metal-based components for engine,
transmission, and driveline applications in the automotive and
light truck markets.  Products include powder metal engine
connecting rods, engine bearing caps, engine cylinder oil jets,
transmission sub assemblies, forged differential gears and
pinions, differential assemblies, engine balance shaft modules,
transmission shafts, and engine crankshaft dampers.  Metaldyne has
over $1 billion in annual revenue, with 25 locations in 13
countries.

Metaldyne Corp. and its affiliates filed for Chapter 11 protection
on May 27, 2009 (Bankr. S.D.N.Y. Case No. 09-13412).  The filing
did not include the company's non-U.S. entities or operations.  As
of March 29, 2009, the Company, utilizing book values, listed
assets of US$977 million and liabilities of $927 million.

Richard H. Engman, Esq., at Jones Day, represented the Debtors in
their restructuring.  Judy A. O'Neill, Esq., at Foley & Lardner
LLP served as conflicts counsel; Lazard Freres & Co. LLC and
AlixPartners LLP as financial advisors; and BMC Group Inc. as
claims agent.  A committee of Metaldyne creditors was represented
by Mark D. Silverschotz, Esq., and Kurt F. Gwynne, Esq., at Reed
Smith LLP, and the committee tapped Huron Consulting Services,
LLC, as its financial advisor.

Judge Martin Glenn approved the sale of substantially all assets
to Carlyle Group in November 2009 for roughly $496.5 million, and
confirmed the Debtors' liquidating chapter 11 plan on Feb. 23,
2010.  Under the terms of the confirmed liquidation plan, Oldco M
Distribution Trust is the post-confirmation entity charged with
prosecuting all claim objections and distributing all plan assets
pursuant to the terms of the plan.  The Trust is represented by
Kimberly E.C. Lawson, Esq., at Reed Smith LLP, in Wilmington, Del.


MICHAEL R. DAVIDSON: Lacks Standing to Hire Auctioneer
------------------------------------------------------
Bankruptcy Judge Joan A. Lloyd denied the request of debtor
Michael R. Davidson for approval, on a nunc pro tunc basis, of his
request to employ Joseph B. Bryant as auctioneer.

The Chapter 7 trustee Mark H. Flener and the United States Trustee
John L. Daughtery objected to the request.

Michael R. Davidson filed a Chapter 11 petition (Bankr. W.D. Ky.
Case No. 12-10541) on April 16, 2012.  After two Motions to
Dismiss the case were filed by the U.S. Trustee, on November 28,
2012, the Debtor filed a Motion to Convert the Case to Chapter 7
from Chapter 11. The Court granted the Debtor's Motion and
converted the case to a Chapter 7 proceeding on November 29, 2012.

On December 3, 2012, Mark H. Flener was appointed as Interim
Trustee case. Following the Meeting of Creditors, the Trustee
indicated that the asset status of the case could not yet be
determined.

On July 16, 2013, the Trustee requested that the Clerk of the
Bankruptcy Court notify the Debtor's creditors that the estate had
assets to liquidate and distribute.

On October 31, 2013, the Trustee filed a Motion to Confirm Sale of
Interest in 177 acres located in Morgan and Scott Counties,
Tennessee. In this Motion, the Trustee reported that Debtor
arranged to have Bryant auction estate property without the
Trustee's consent or prior approval from the Court. By filing the
Motion to Confirm, Trustee sought to retain the value of the
auctioned property for the bankruptcy estate.

On December 20, 2013, the Court entered an Order granting the
Motion to Confirm.

On May 13, 2014, Debtor filed the Application seeking the Court's
Order approving Bryant's employment by the estate and that the
employment be retroactively approved to some unspecified date.

The U.S. Trustee argues that only the Chapter 7 Trustee has the
authority to seek the Court's approval of the hiring of an
auctioneer.

According to the Court, the Debtor does not have standing to seek
nunc pro tunc approval of Bryant's employment.

"The Court sees nothing more than oversight on the part of the
Debtor, which does not justify the relief requested in the
Debtor's Motion," the Court said.

A copy of the Court's Aug. 20, 2014 Memorandum-Opinion is
available at http://is.gd/usnI9lfrom Leagle.com.


MOMENTIVE PERFORMANCE: Files SEC Form for 2021 1st Priority Notes
-----------------------------------------------------------------
Momentive Performance Materials Inc. filed with the Securities and
Exchange Commission a Form T-3 in connection with its bid to issue
First-Priority Senior Secured Notes due 2021 in the aggregate
principal amount of $1,129.6 million as part of its bankruptcy-
exit plan.  The notes will be issued in consideration for the
cancellation of all amounts payable in respect of the existing
8.875% First-Priority Senior Secured Notes due 2020.

The $1,129.6 million amount listed as the approximate aggregate
principal amount represents the estimated total outstanding
principal amount of, plus accrued and unpaid interest on, the
8.875% First-Priority Senior Secured Notes due 2020 as of August
4, 2014.  This amount will be increased such that the actual
aggregate principal amount of the notes will reflect all amounts
that may be payable in respect of the 8.875% First-Priority Senior
Secured Notes due 2020 as of the Effective Date of the Plan,
including additional accrued interest and any make-whole or other
amounts that may be payable.

A copy of the Form T-3 is available at http://is.gd/WOOCtx

                  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.

Wilmington Trust, National Association, the Trustee for the
Momentive Performance Materials Inc. 10% Senior Secured Notes due
2020 -- 1.5 Lien Notes -- under the Indenture, dated as of May 25,
2012, by and between Momentive Performance Materials Inc. and The
Bank of New York Mellon Trust Company, National Association, is
represented by Mark R. Somerstein, Esq., Mark I. Bane, Esq., and
Stephen Moeller-Sally, Esq., at Ropes & Gray LLP.

U.S. Bank National Association -- as successor Indenture Trustee
under the indenture dated as of December 4, 2006, among Momentive
Performance Materials Inc., the Guarantors named in the Indenture,
and Wells Fargo Bank, N.A. as initial trustee, governing the 11.5%
Senior Subordinated Notes due 2016 -- is represented in the case
by Susheel Kirpalani, Esq., Benjamin I. Finestone, Esq., David L.
Elsberg, Esq., Robert Loigman, Esq., K. John Shaffer, Esq., and
Matthew R. Scheck, Esq., at Quinn Emanuel Urquhart & Sullivan,
LLP; and Clark Whitmore, Esq., and Ana Chilingarishvili, Esq., at
Maslon Edelman Borman & Brand, LLP.

BOKF, NA -- as successor First Lien Trustee to The Bank of New
York Mellon Trust Company, N.A., as trustee under an indenture
dated as of October 25, 2012, for the 8.875% First-Priority Senior
Secured Notes due 2020 issued by Momentive Performance Materials
Inc. and guaranteed by certain of the debtors -- is represented by
Michael J. Sage, Esq., Brian E. Greer, Esq., and Mauricio A.
Espana, Esq., at Dechert LLP.

Counsel to Apollo Global Management, LLC and certain of its
affiliated funds are Ira S. Dizengoff, Esq., Philip C. Dublin,
Esq., Abid Qureshi, Esq., Deborah J. Newman, Esq., and Ashleigh L.
Blaylock, Esq., at Akin Gump Strauss Hauer & Feld LLP.

Attorneys for Ad Hoc Committee of Second Lien Noteholders are
Dennis F. Dunne, Esq., Michael Hirschfeld, Esq., and Samuel A.
Khalil, Esq., at Milbank, Tweed, Hadley & McCloy LLP.


MOMENTIVE PERFORMANCE: Files SEC Form for 2022 2nd Priority Notes
-----------------------------------------------------------------
Momentive Performance Materials Inc. filed with the Securities and
Exchange Commission a Form T-3 in connection with its bid to issue
Second-Priority Senior Secured Notes due 2022 in the aggregate
principal amount of $257.6 million as part of its bankruptcy-exit
plan.

The notes will be issued in consideration for the cancellation of
all amounts payable in respect of the Company's existing 10%
Senior Secured Notes due 2020.  The $257.6 million amount listed
as the approximate aggregate principal amount represents the
estimated total outstanding principal amount of, plus accrued and
unpaid interest on, the 10% Senior Secured Notes due 2020 as of
August 4, 2014. This amount will be increased such that the actual
aggregate principal amount of the notes will reflect all amounts
that may be payable in respect of the 10% Senior Secured Notes due
2020 as of the Effective Date of the Plan, including additional
accrued interest and any make-whole or other amounts that may be
payable.

The approximate date of the proposed public offering is on, or as
soon as practicable following the effective date under the Joint
Plan.

A copy of the Form T-3 is available at http://is.gd/iWE1Mr

                  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.

Wilmington Trust, National Association, the Trustee for the
Momentive Performance Materials Inc. 10% Senior Secured Notes due
2020 -- 1.5 Lien Notes -- under the Indenture, dated as of May 25,
2012, by and between Momentive Performance Materials Inc. and The
Bank of New York Mellon Trust Company, National Association, is
represented by Mark R. Somerstein, Esq., Mark I. Bane, Esq., and
Stephen Moeller-Sally, Esq., at Ropes & Gray LLP.

U.S. Bank National Association -- as successor Indenture Trustee
under the indenture dated as of December 4, 2006, among Momentive
Performance Materials Inc., the Guarantors named in the Indenture,
and Wells Fargo Bank, N.A. as initial trustee, governing the 11.5%
Senior Subordinated Notes due 2016 -- is represented in the case
by Susheel Kirpalani, Esq., Benjamin I. Finestone, Esq., David L.
Elsberg, Esq., Robert Loigman, Esq., K. John Shaffer, Esq., and
Matthew R. Scheck, Esq., at Quinn Emanuel Urquhart & Sullivan,
LLP; and Clark Whitmore, Esq., and Ana Chilingarishvili, Esq., at
Maslon Edelman Borman & Brand, LLP.

BOKF, NA -- as successor First Lien Trustee to The Bank of New
York Mellon Trust Company, N.A., as trustee under an indenture
dated as of October 25, 2012, for the 8.875% First-Priority Senior
Secured Notes due 2020 issued by Momentive Performance Materials
Inc. and guaranteed by certain of the debtors -- is represented by
Michael J. Sage, Esq., Brian E. Greer, Esq., and Mauricio A.
Espana, Esq., at Dechert LLP.

Counsel to Apollo Global Management, LLC and certain of its
affiliated funds are Ira S. Dizengoff, Esq., Philip C. Dublin,
Esq., Abid Qureshi, Esq., Deborah J. Newman, Esq., and Ashleigh L.
Blaylock, Esq., at Akin Gump Strauss Hauer & Feld LLP.

Attorneys for Ad Hoc Committee of Second Lien Noteholders are
Dennis F. Dunne, Esq., Michael Hirschfeld, Esq., and Samuel A.
Khalil, Esq., at Milbank, Tweed, Hadley & McCloy LLP.


MOMENTIVE PERFORMANCE: Investors Bid to Change Votes Delays Ruling
------------------------------------------------------------------
Tom Corrigan, writing for Daily Bankruptcy Review, reported that
Momentive Performance Materials Inc.'s highest-ranking bondholders
are trying to switch their votes on the company's restructuring
plan to yes from no, delaying an expected ruling on the company's
deeply disputed reorganization plan.  According to the report,
during During a hearing on Aug. 25 at the U.S. Bankruptcy Court in
White Plains, N.Y., the bondholders sought an 11th-hour vote
switch, agreeing to drop their quest to collect what are known as
"make-whole payments," or premiums they say Momentive, a silicone
and quartz producer, should be forced to pay for refinancing their
bonds early.

                  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.

Wilmington Trust, National Association, the Trustee for the
Momentive Performance Materials Inc. 10% Senior Secured Notes due
2020 -- 1.5 Lien Notes -- under the Indenture, dated as of May 25,
2012, by and between Momentive Performance Materials Inc. and The
Bank of New York Mellon Trust Company, National Association, is
represented by Mark R. Somerstein, Esq., Mark I. Bane, Esq., and
Stephen Moeller-Sally, Esq., at Ropes & Gray LLP.

U.S. Bank National Association -- as successor Indenture Trustee
under the indenture dated as of December 4, 2006, among Momentive
Performance Materials Inc., the Guarantors named in the Indenture,
and Wells Fargo Bank, N.A. as initial trustee, governing the 11.5%
Senior Subordinated Notes due 2016 -- is represented in the case
by Susheel Kirpalani, Esq., Benjamin I. Finestone, Esq., David L.
Elsberg, Esq., Robert Loigman, Esq., K. John Shaffer, Esq., and
Matthew R. Scheck, Esq., at Quinn Emanuel Urquhart & Sullivan,
LLP; and Clark Whitmore, Esq., and Ana Chilingarishvili, Esq., at
Maslon Edelman Borman & Brand, LLP.

BOKF, NA -- as successor First Lien Trustee to The Bank of New
York Mellon Trust Company, N.A., as trustee under an indenture
dated as of October 25, 2012, for the 8.875% First-Priority Senior
Secured Notes due 2020 issued by Momentive Performance Materials
Inc. and guaranteed by certain of the debtors -- is represented by
Michael J. Sage, Esq., Brian E. Greer, Esq., and Mauricio A.
Espana, Esq., at Dechert LLP.

Counsel to Apollo Global Management, LLC and certain of its
affiliated funds are Ira S. Dizengoff, Esq., Philip C. Dublin,
Esq., Abid Qureshi, Esq., Deborah J. Newman, Esq., and Ashleigh L.
Blaylock, Esq., at Akin Gump Strauss Hauer & Feld LLP.

Attorneys for Ad Hoc Committee of Second Lien Noteholders are
Dennis F. Dunne, Esq., Michael Hirschfeld, Esq., and Samuel A.
Khalil, Esq., at Milbank, Tweed, Hadley & McCloy LLP.


MT. LAUREL LODGING: Aug. 27 Hearing on Access to Cash Collateral
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Indiana
rescheduled to August 27, 2014, at 9:00 a.m. the hearing to
authorize Mt. Laurel Lodging Associates, LLP, to continue using
cash collateral.

The Troubled Company Reporter on May 7, 2014, reported that the
Bankruptcy Court approved an agreed upon supplement by the Debtor
and The National Republic Bank of Chicago to the final order dated
Feb. 14, 2014, authorizing the Debtor's use of cash collateral
through Aug. 31.

                    About Mt. Laurel Lodging

Mt. Laurel Lodging Associates, LLP, and its six affiliates sought
protection under Chapter 11 of the Bankruptcy Code on Nov. 4,
2013 (Case No. 13-bk-11697, Bankr. S.D. Ind.).  The case is
assigned to Judge Robyn L. Moberly.  The petition lists the
assets and debt as both exceeding $10 million on the Mount Laurel
property.

The Debtors are represented by Brian A Audette, Esq., and David M
Neff, Esq., at Perkins Coie LLP, in Chicago, Illinois; and Andrew
T. Kight, Esq., and Michael P. O'Neil, Esq., at Taft Stettinius &
Hollister LLP, in Indianapolis, Indiana.

The National Republic Bank of Chicago, a secured creditor, is
represented by James E. Carlberg, Esq., and James P. Moloy, Esq.,
at Bose McKinney & Evans LLP, in Indianapolis, Indiana; and
Timothy P. Duggan, Esq., at Stark & Stark, P.C., in
Lawrenceville, New Jersey.


NANTICOKE MEMORIAL: S&P Raises Rating on $45.6MM Bonds From BB+
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its long-
term rating on the Delaware Health Facilities Authority's $45.6
million series 2013 bonds to 'BBB-' from 'BB+'.  The bonds were
issued for Nanticoke Memorial Hospital.  The outlook is stable.

At the same time, S&P has withdrawn its rating on series 2002A and
2002B revenue and refunding bonds issued for Nanticoke, as they
were fully redeemed with the series 2013 issuance.

"The upgrade reflects our view of Nanticoke's significant growth
in unrestricted reserves and improved balance-sheet metrics which
are now more commensurate with a low investment-grade rating,"
said Standard & Poor's credit analyst Avani Parikh, "as well as
very strong operating performance in fiscal year 2014 (unaudited),
following two consecutive years of positive operations."  The
improved performance for the past three fiscal years reflected
generally improved volumes, supported by management's cost-
containment efforts, revenue cycle initiatives, and physician-
recruitment efforts.  In addition, operations have benefited from
additional reimbursements associated with Nanticoke's Medicare
Dependent Hospital (MDH) status.

"Though future payments under this program are uncertain,
Nanticoke's improved underlying operating performance supports the
investment-grade rating, in our view," said Ms. Parikh.  In
addition, management continues to pursue strategic initiatives to
expand its clinical services, which we believe will support future
revenue growth to some extent.

"The stable outlook reflects our assessment of Nanticoke's
improved liquidity, consistent positive operating results, stable
volumes and good market position, which continue to support the
rating," said Ms. Parikh.  In addition, over the two-year outlook
period, S&P expects Nanticoke will maintain good operating
performance for fiscal 2015 through management's improved
budgeting practices and continued focus on expense reductions and
revenue-cycle improvements.  Consequently, S&P expects Nanticoke
to maintain good maximum annual debt service (MADS) coverage and
continue to improve its balance-sheet metrics, based on S&P's
expectation that capital expenditures will likely be fairly
limited for the next few years.


NEOMEDIA TECHNOLOGIES: Global Grid No Longer a Shareholder
----------------------------------------------------------
Global Grid, LLC, and Dr. Patrick Soon-Shiong disclosed with the
U.S. Securities and Exchange Commission that subsequent to
March 1, 2013, they disposed of all of the shares of common stock
of Neomedia Technologies, Inc., they beneficially owned.  The
reporting persons previously held beneficial ownership of
113,494,743 shares representing 8.6 percent of the shares
outstanding as of Nov. 2, 2012.  A copy of the regulatory filing
is available at http://is.gd/sBaRwn

                   About NeoMedia Technologies

Atlanta, Ga.-based NeoMedia Technologies provides mobile barcode
scanning solutions.  The Company's technology allows mobile
devices with cameras to read 1D and 2D barcodes and provide "one
click" access to mobile content.

NeoMedia reported a net loss of $214.11 million in 2013, as
compared with a net loss of $19.38 million in 2012.

Kingery & Crouse, P.A., in Tampa, FL, 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, has
significant working capital and shareholder deficits and may have
ongoing requirements for additional capital investment.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


NEW BERN RIVERFRONT: Court Rejects Weaver Cooke's Indemnity Claim
-----------------------------------------------------------------
Bankruptcy Judge Stephani W. Humrickhouse rejected Weaver Cooke
Construction, LLC's indemnity claim filed against Stock Building
Supply, LLC and PLF of Sanford, Inc.

Weaver Cooke asserts that Stock Supply et al. must indemnify it
for its losses related to the development of the SkySail Luxury
Condominiums located in New Bern, North Carolina, which is owned
by debtor New Bern Riverfront Development, LLC.  Weaver Cooke is
the general contractor of the project.  In turn, Weaver Cooke
filed lawsuits against its subcontractors.

In an August 22 order, Judge Humrickhouse granted the motion for
summary judgment filed by Stock Building and PLF of Sanford, Inc.
(formerly dba Lee Window & Door Co.), as third-party defendants,
against Weaver Cooke, in its capacity as third-party plaintiff.

The Court already entered an order granting summary judgment with
respect to two of Weaver Cooke's three claims against Stock Supply
(for negligence and breach of express warranty) on grounds that
the claims were barred by the applicable statutes of limitation.

A copy of the Court's Order is available at
http://tinyurl.com/kh2x8rwfrom Leagle.com.

                     About New Bern Riverfront

Cary, North Carolina-based New Bern Riverfront Development, LLC,
is the developer of SkySail Condominium, consisting of 121
residential condominiums (plus 1 commercial/non-residential unit)
located on Middle Street on the waterfront in historic downtown
New Bern, North Carolina, and sells the SkySail Condominiums in
the ordinary course of business.  New Bern Riverfront filed for
Chapter 11 bankruptcy protection (Bankr. E.D.N.C. Case No.
09-10340) on Nov. 30, 2009.  John A. Northen, Esq., at Northen
Blue, LLP, represents the Debtor.  The Company disclosed
$31,515,040 in assets and $25,676,781 in liabilities as of the
Chapter 11 filing.

New Bern Riverfront has filed an Amended Plan of Reorganization,
which represents a consensual plan negotiated with the Debtor's
secured creditor, Wells Fargo Bank, N.A.  The Debtor contemplates
selling properties.


NEW CENTURY TRS: Order on Whites' Late-Filed Claims Vacated
-----------------------------------------------------------
Delaware District Judge Sue L. Robinson vacated the bankruptcy
court's August 30, 2013 order in the Chapter 11 case of New
Century TRS Holdings, Inc., and remanded the dispute over the
late-filed claims by Molly S. White and Ralph N. White for further
proceedings.

The Whites filed a pro se appeal from the bankruptcy court's order
that determined that the debtors complied with the bankruptcy
court's order establishing bar dates for filing proofs of claim
and approving the form, manner, and sufficiency of the notice as
applied to unknown creditors.

The Whites contend that they were entitled to receive actual
notice of the bar date and, because they were not, they were not
afforded due process.  They further contend that the constructive
notice was insufficiently published to provide unknown creditors
with any meaningful opportunity to participate in the debtors'
chapter 11 proceedings.

The case before Judge Robinson is, MOLLY S. WHITE and RALPH N.
WHITE, Appellants, v. ALAN M. JACOBS, as liquidating trustee of
the New Century Liquidating Trust, Appellee, Civ. No. 13-1719-SLR
(D. Del.).

A copy of the District Court's Aug. 19, 2014 Memorandum Opinion is
available at http://is.gd/hkKlmcfrom Leagle.com.

                       About New Century

Founded in 1995, Irvine, Calif.-based New Century Financial
Corporation (NYSE: NEW) -- http://www.ncen.com/-- was a real
estate investment trust, providing mortgage products to borrowers
nationwide through its operating subsidiaries, New Century
Mortgage Corporation and Home123 Corporation.   The Company was
among firms hit by the collapse of the subprime mortgage business
industry in 2006.

The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416).  Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors.  The
Official Committee of Unsecured Creditors selected Hahn & Hessen
as its bankruptcy counsel and Blank Rome LLP as its co-counsel.

When the Debtors filed for bankruptcy, they disclosed total assets
of $36,276,815 and total debts of $102,503,950.

The Company sold its assets in transactions approved by the
Bankruptcy Court.

The Bankruptcy Court confirmed the Second Amended Joint Chapter 11
Plan of Liquidation of the Debtors and the Official Committee of
Unsecured Creditors on July 15, 2008, which became effective on
Aug. 1, 2008.  An appeal was taken and, on July 16, 2009, District
Judge Sue Robinson issued a Memorandum Opinion reversing the
Confirmation Order.  On July 27, 2009, the Bankruptcy Court
entered an Order Granting Motion of the Trustee for an Order
Preserving the Status Quo Including Maintenance of Alan M. Jacobs
as Liquidating Trustee, Plan Administrator and Sole Officer and
Director of the Debtors, Pending Entry of a Final Order Consistent
with the District Court's Memorandum Opinion.

On Nov. 20, 2009, the Court entered an Order confirming the
Modified Second Amended Joint Chapter 11 Plan of Liquidation.  The
Modified Plan adopted, ratified and confirmed the New Century
Liquidating Trust Agreement, dated as of Aug. 1, 2008, which
created the New Century Liquidating Trust and appointed Alan M.
Jacobs as Liquidating Trustee of New Century Liquidating Trust and
Plan Administrator of New Century Warehouse Corporation.


NEW ENGLAND COMPOUNDING: Judge wants "Keen" Suit Revised
--------------------------------------------------------
District Judge Jane Magnus-Stinson in Terre Haute, Indiana, held
that Pamela Keen's initial complaint insufficiently alleges the
existence of diversity jurisdiction, and directed the Plaintiff to
file an Amended Complaint by September 2, 2014, properly setting
forth a basis for the Court's jurisdiction.

The case, PAMELA K. KEEN, Plaintiff, v. UNIFIRST CORPORATION doing
business as UNICLEAN CLEANROOM SERVICES, AMERIDOSE, LLC,
Defendants, No. 2:14-cv-00251-JMS-WGH (S.D. Ind., August 15, 2014)
asserts product liability.  Among others, Ms. Keen alleges that
Defendant Ameridose, LLC, is "owned, operated, and managed by the
same people that own, operate, and manage NECC."  Ms. Keen makes
no jurisdictional allegations identifying NECC or the people who
allegedly own, operate, and manage it.  Ms. Keen also alleges that
the case is related to the Chapter 11 bankruptcy case pending in
Massachusetts.

A copy of the Court's Aug. 20, 2014 Order is available at
http://is.gd/NYCXHyfrom Leagle.com.

             About New England Compounding Pharmacy

New England Compounding Pharmacy Inc., filed a Chapter 11 petition
(Bankr. D. Mass. Case No. 12-19882) in Boston on Dec. 21, 2012,
after a meningitis outbreak linked to an injectable steroid,
methylprednisolone acetate ("MPA"), manufactured by NECC, killed
39 people and sickened 656 in 19 states, though no illnesses have
been reported in Massachusetts.  The Debtor owns and operates the
New England Compounding Center is located in Framingham, Mass.  In
October 2012, the company recalled all its products, not just
those associated with the outbreak.

Paul D. Moore, Esq., at Duane Morris LLP, in Boston, has been
appointed as Chapter 11 Trustee of NECC.  He is represented by
Jeffrey D. Sternklar, Esq., at DUANE MORRIS LLP.

An Official Committee of Unsecured Creditors appointed in the case
has been represented by BROWN RUDNICK LLP's William R. Baldiga,
Esq., Rebecca L. Fordon, Esq., Jessica L. Conte, Esq., and David
J. Molton, Esq.


NUSTAR LOGISTICS: Moody's Affirms 'Ba1' Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service affirmed NuStar Logistics, L.P.'s Ba1
Corporate Family Rating, Ba1 rated senior unsecured notes, Ba2
rated subordinated notes, and SGL-3 Speculative Grade Liquidity
Rating, and changed the rating outlook to stable from negative.

"The stabilization of NuStar Logistics' rating outlook reflects
the company's improved business profile and declining financial
leverage," commented Gretchen French, Moody's Vice President.
"NuStar has delivered solid execution to date on improving its
fee-based earnings profile; however, it needs to continue to grow
its cash flows relative to both its debt balances and
distributions in order to further strengthen within the Ba1
rating."

Debt List: NuStar Logistics, L.P.

Outlook: Changed to Stable from Negative

Corporate Family Rating, Affirmed at Ba1

Probability of Default Rating, Affirmed at Ba1-PD

Senior unsecured notes, Affirmed at Ba1 (LGD 3)

Subordinated notes, Affirmed at Ba2 (LGD 6)

Speculative Grade Liquidity Rating, Affirmed at SGL-3

Multiple Seniority Shelf, Affirmed at (P)Ba1/(P)Ba2

Ratings Rationale

NuStar Logistics's Ba1 Corporate Family Rating is based on NuStar
Energy L.P.'s (NuStar) consolidated credit quality. The Ba1 rating
is supported by the breadth of NuStar's refined product and crude
pipeline transportation, storage and terminal assets. NuStar's
EBITDA is over 90% fee-based, with growth projects in the Eagle
Ford Shale supported by long-term contracts. The rating is
constrained by NuStar's high, yet improving, financial leverage as
the company makes substantial debt-financed capital investments to
grow fee-based cash flows. In addition, the rating is restrained
by NuStar's master limited partnership corporate finance model,
which entails high payouts.

Moody's view NuStar's liquidity as adequate, as reflected in its
SGL-3 Speculative Grade Liquidity Rating. Its principal source of
liquidity is a $1.5 billion revolving credit facility, with $775
million availability as of June 30, 2014. The revolver is
unsecured, has one financial covenant (debt/EBITDA of no greater
than 5.0x, increasing to 5.5x after acquisitions), and matures in
2017. Covenant compliance was 4.0x at June 30, 2014, and Moody's
project sufficient covenant headroom through 2015.

NuStar Logistics' unsecured notes are rated Ba1, in line with its
Ba1 Corporate Family Rating, reflecting a capital structure that
is comprised of nearly all unsecured debt. NuStar Logistics'
various unsecured bonds and revolving credit facility are
unsecured and pari passu based on cross guarantees. NuStar
Logistics' subordinated notes are rated Ba2, one notch below the
Corporate Family Rating, according to Moody's Loss Given Default
methodology, reflecting their subordination to NuStar Logistics'
senior unsecured debt.

While an upgrade is not likely in the near-term, Debt/EBITDA
approaching 4.5x on a sustainable basis and the maintenance of
more robust distribution coverage above 1.1x could result in an
upgrade in the future. On the other hand, the ratings could be
downgraded if Debt/EBITDA increases above 5.5x and distribution
coverage falls below 1x for a sustained period.

The principal methodology used in this rating was Global Midstream
Energy published in December 2010. Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.

NuStar Logistics, L.P. is the primary operating subsidiary of
NuStar Energy, L.P., a publicly traded energy master limited
partnership.


NPC INTERNATIONAL: Moody's Affirms 'B2' Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service changed the ratings outlook of Pizza Hut
and Wendy's franchisee NPC International, Inc. ("NPC") to negative
from stable and downgraded the company's Speculative Grade
Liquidity rating to SGL-3 from SGL-2. Concurrently, Moody's
affirmed all other ratings including the B2 Corporate Family
Rating and B2-PD Probability of Default Rating.

Ratings Rationale

The outlook change to negative reflects NPC's weaker-than-expected
operating performance and credit metrics. Pizza Hut brand
challenges have led to persistently negative same-store sales and
margin compression, compounded by significant ingredient cost
inflation. While the Pizza Hut brand intends to launch a number of
major initiatives in the fourth quarter of 2014 that are designed
to improve sales -- including new advertising, product innovations
and an improved digital/online experience -- the outlook reflects
the risk that it may take some time for these initiatives to take
hold and turn performance around in the currently challenging
economic and competitive environment.

NPC's consolidated same-store sales declined 5.6% in the second
quarter ended July 1, 2014, rolling over a decrease of 3.7% last
year. Adjusted EBITDA declined 37% to 7.6% of sales, down from
13.3% last year. Lease-adjusted debt/EBITDA is estimated to be
around 6.0 times, including the pro forma earnings benefit from
the July 14, 2014 acquisition of 56 Wendy's restaurant units, up
significantly from 5.2 times at the end of 2013.

The downgrade of the Speculative Grade Liquidity rating to SGL-3
reflects Moody's expectation for tighter cushion under the
company's maximum net leverage financial maintenance covenant over
the next 12 months given weaker-than-expected EBITDA and
contractual tightening of the covenant set to occur at the end of
December 2014. The SGL-3 rating reflects the expectation for
adequate liquidity, as covenant compliance remains likely and the
company's cash, cash flow and revolver availability are expected
to cover basic working capital needs, capital expenditures and
mandatory debt amortization for the next twelve months.

Ratings affirmed

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

First lien senior secured revolving credit facility due 2017
at B1 (LGD3)

First lien senior secured term loan due 2018 at B1 (LGD3)

Unsecured notes due 2020 at Caa1 (LGD5)

Rating downgraded

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

Ratings Rationale

NPC's B2 Corporate Family Rating reflects the high debt and
interest burden associated with the acquisition of the company by
Olympus Partners (Olympus) in December 2011 and Moody's
expectation that leverage will remain high over the next twelve
months due to a combination of ongoing economic challenges, Pizza
Hut brand issues and high commodity costs. Also considered are the
company's limited product offering, concentrated day-part in lunch
and dinner, limited geographic diversity, and exposure to volatile
commodity prices. Supporting the rating are NPC's meaningful scale
within the Pizza Hut franchise system augmented by increased
diversity through recent acquisitions of Wendy's restaurant units
and the expectation for adequate liquidity.

Ratings could be downgraded if continued weak operating
performance resulted in the expectation that lease-adjusted
debt/EBITDA were to remain above 6.0 times on a sustained basis.
Any deterioration in liquidity, particularly if covenant cushion
tightens more than expected, could also lead to a ratings
downgrade.

The ratings outlook could return to stable if the company improves
same-store sales and earnings performance, and sustainably reduces
lease-adjusted debt-EBITDA to below 6.0 times. While unlikely over
the near term due to the weak performance trend, ratings could be
upgraded if operating performance, debt protection measures and
covenant cushion sustainably improve, driven by profitable same
store sales and new unit growth. Quantitatively, an upgrade would
require lease-adjusted debt/EBITDA to decline near 4.5 times and
EBITA/ interest to exceed 2.0 times on a sustained basis.

NPC International, Inc. is the world's largest Pizza Hut
franchisee, operating 1,265 Pizza Hut restaurants and delivery
units in 28 states and 90 Wendy's units in three states as of July
1, 2014. Annual revenues are approximately $1.1 billion. NPC was
acquired by Olympus Partners ("Olympus") in December 2011.


ONE MORE DEAL: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: One More Deal, LLC
        143 S QUARTER HORSE AVE
        Benson, AZ 85602

Case No.: 14-13080

Chapter 11 Petition Date: August 22, 2014

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

Judge: Hon. Brenda Moody Whinery

Debtor's Counsel: Eric Slocum Sparks, Esq.
                  ERIC SLOCUM SPARKS PC
                  110 S Church Ave #2270
                  Tucson, AZ 85701
                  Tel: 520-623-8330
                  Fax: 520-623-9157
                  Email: law@ericslocumsparkspc.com

Total Assets: $4.36 million

Total Liabilities: $381,397

The petition was signed by Larry Eversull, managing member.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/azb14-13080.pdf


OSSEN INNOVATION: Receives NASDAQ Listing Non-Compliance Notice
---------------------------------------------------------------
Ossen Innovation Co., Ltd., a China-based manufacturer of an array
of plain surface, rare earth and zinc coated pre-stressed steel
materials, on Aug. 13 disclosed that on August 12, 2014 the
Company received a letter from the NASDAQ Stock Market stating
that for the previous 30 consecutive business days, the closing
bid price of the Company's stock was below the minimum bid price
of $1.00 per share for continued listing on the NASDAQ Capital
Market pursuant to NASDAQ Marketplace Rule 5550(a)(2).  The NASDAQ
letter has no immediate effect on the listing of the Company's
shares.

In accordance with NASDAQ Marketplace Rule 5810(c)(3)(A), the
Company has been provided with a period of 180 calendar days, or
until February 9, 2015, to regain compliance with the Minimum Bid
Price Rule.  If at any time during this 180-day period the closing
bid price of the Company's American Depositary Shares is at least
$1.00 for a minimum of ten consecutive days, NASDAQ will provide
written confirmation of compliance and matter will be closed.

The Company intends to evaluate available options to resolve the
deficiency and regain compliance with the Minimum Bid Price Rule.

                  About Ossen Innovation Co., Ltd.

Ossen Innovation Co., Ltd. manufactures and sells a wide variety
of plain surface pre-stressed steel materials and rare earth
coated and zinc coated pre-stressed steel materials.  The
Company's products are mainly used in the construction of bridges,
as well as in highways and other infrastructure projects.  Ossen
has two manufacturing facilities located in Maanshan, Anhui
Province, and Jiujiang, Jiangxi Province.


OUTLAW RIDGE: Court Approves Settlement with Cadence Bank
---------------------------------------------------------
The Bankruptcy Court approves a settlement agreement among Outlaw
Ridge, Inc., Outlaw Ridge, LLC, and Cadence Bank.

Outlaw Ridge holds certain permits for the mining of sand and
limerock at a Lago Verde mine in Pasco County, Florida.  The Class
1 mine permit by the Pasco County Board of County Commissioners is
the subject of appeals.

Secured creditor Cadence asserted that it is owed $4.2 million
from Outlaw Ridge.  Cadence also disputed Outlaw Ridge's valuation
of the Lago Verde mine in light of the appeals and argued that the
continued mine operation diminishes the bank's collateral.

The parties have agreed to a resolution of disputes that will
permit Outlaw Ridge to operate the mine during the Chapter 11
cases on these terms:

   (a) The bankruptcy cases will remain pending while the appeals
       are pending and Cadence Bank will support Outlaw Ridge's
       request to extend the exclusivity deadlines with respect to
       the filing a Chapter 11 plan of reorganization;

   (b) Cadence will consent to further and final use of cash
       collateral;

   (c) All revenues from operation of the Lago Verde Mine will be
       deposited into the debtor-in-possession bank account and
       Steger Site Preparation, Inc. will be entitled to be
       promptly reimbursed by Outlaw Ridge for expenses for
       loading and handling;

   (d) Outlaw Ridge will pay Cadence monthly adequate protection
       payments of all of its net operating income up to
       $75,000 per month and a 50/50 split of monthly the income
       in excess of $75,000 with all excess retained in the
       debtor-in-possession bank account, and subject to a minimum
       monthly adequate protection payment of $40,000 with any
       monthly shortfalls to be made up by non-debtor parties;

   (e) Outlaw Ridge will maintain a minimum balance of $200,000 in
       its debtor-in-possession account, with any excess over
       $300,000 will be paid to Cadence as additional adequate
       protection;

   (f) Outlaw Ridge, with Cadence's consent and support, will
       request to lift the automatic stay to promptly prosecute
       the appeals;

   (g) Upon default, Outlaw Ridge will consent to (i) the
       immediate appointment of a receiver in the state court
       action and lifting of the stay for Cadence to seek the
       appointment of a receiver, (ii) the entry of judgments
       amounting to the principal and interest of 24% per annum
       (as of the Chapter 11 petition date, this amounted to $
       4 million), and (iii) foreclosure judgments with respect to
       Cadence's collateral;

   (h) Upon resolution of the appeals, assuming no default under
       the settlement, Cadence Bank will support confirmation of a
       Chapter 11 plan that provides for the payment of its
       secured claim; and

   (k) Outlaw Ridge will retain a broker to sell the Outlaw Ridge
       Phase 2 Parcels during the bankruptcy with all net proceeds
       escrowed until confirmation of a plan.

Outlaw Ridge is represented by:

     Adam Lawton Alpert, Esq.
     BUSH ROSS, P.A.
     Post Office Box 3913
     Tampa, FL 33601-3913
     Tel: (813) 224-9255
          (813) 223-9620 (telecopy)
     E-mail: aalpert@bushross.com

Cadence Bank is represented by:

     Andrew M. Brumby, Esq.
     James A. Timko, Esq.
     SHUTTS & BOWEN LLP
     300 S. Orange Avenue, Suite 1000
     Orlando, FL 32801
     Tel: (407) 835-6901
          (407) 849-7201 (telecopy)
     E-mail: abrumby@shutts.com
             jtimko@shutts.com

                        About Outlaw Ridge

Outlaw Ridge, Inc., operates a sand and lime rock mine in Pasco
County, Florida.  Outlaw Ridge, LLC, owns several parcels of
property in Pasco County that is holding for residential
development.  The two entities are owned and controlled by John M.
Dalfino and John T. Steger.

Outlaw Ridge Inc. and Outlaw Ridge, LLC sought Chapter 11
bankruptcy protection (Bankr. M.D. Fla. Case Nos. 14-04400 and 14-
04401) on April 21, 2014, in Tampa, Florida.

The Debtors are seeking joint administration of their Chapter 11
cases.

Adam L Alpert, Esq., at Bush Ross P.A., in Tampa, serves as the
Debtors' counsel.

OR LLC disclosed $1.36 million in total assets and $2.97 million
in liabilities while OR Inc. disclosed $15.4 million in total
assets and $4.21 million in liabilities.


OUTLAW RIDGE: Asks Court to Extend Exclusive Period to Dec. 4
-------------------------------------------------------------
Outlaw Ridge, Inc., and Outlaw Ridge, LLC, ask the Bankruptcy
Court to extend their exclusive periods to file a plan of
reorganization to December 4, 2014, and exclusive period to
solicit plan acceptances to February 2, 2015.

Pursuant to Section 1121(b) of the Bankruptcy Code, a debtor has
the exclusive right to file a Chapter 11 plan in the first 120
days following the commencement of a Chapter 11 case. If a debtor
files a plan during this exclusive filing period, Section
1121(c)(3) of the Bankruptcy Code grants an additional 60 days
during which the debtor may solicit acceptances of that plan and
no other party in interest may file a competing plan.

Adam Lawton Alpert, Esq., at Bush Ross, P.A., relates that secured
creditor Cadence Bank, N.A., has consented to the extension.

This is the first exclusivity extension request of Outlaw Ridge.

                        About Outlaw Ridge

Outlaw Ridge, Inc., operates a sand and lime rock mine in Pasco
County, Florida.  Outlaw Ridge, LLC, owns several parcels of
property in Pasco County that is holding for residential
development.  The two entities are owned and controlled by John M.
Dalfino and John T. Steger.

Outlaw Ridge Inc. and Outlaw Ridge, LLC sought Chapter 11
bankruptcy protection (Bankr. M.D. Fla. Case Nos. 14-04400 and 14-
04401) on April 21, 2014, in Tampa, Florida.

The Debtors are seeking joint administration of their Chapter 11
cases.

Adam L Alpert, Esq., at Bush Ross P.A., in Tampa, serves as the
Debtors' counsel.

OR LLC disclosed $1.36 million in total assets and $2.97 million
in liabilities while OR Inc. disclosed $15.4 million in total
assets and $4.21 million in liabilities.


PARK SIDE: Classon Says Objection Immaterial to Relief Sought
-------------------------------------------------------------
Prepetition lender Classon Estates LLC and Classon Estates One
LLC, responded to the objection filed by Moses Rosner, to
Classon's motion for entry of an order (i) compelling Mr. Rosner
to comply with the Court's sale order and confirmation order
entered in the Chapter 11 case of Park Side Estates LLC; and (ii)
enjoining Mr. Rosner from asserting claims against Classon and
Schwarzbaum in violation of the sale order and confirmation order;
and (iii) holding Mr. Rosner in contempt and assessing sanctions
against him for his willful violations of the sale order and
confirmation order.

According to Classon, Mr. Rosner's objection does nothing to
refute the need for the relief sought by Classon.  In fact, the
statements in the objection underscore that Mr. Rosner's purported
claims against its principal, Irv Schwarzbaum individually are
nothing more than a thinly-veiled end run around the Court's prior
orders and clear direction in an attempt to obtain payment on a
claim that the Court expressly disallowed in the Chapter 11 Case.

Classon related that the Plan and confirmation order expressly
prohibit Mr. Rosner from offsetting against Classon's deficiency
claim, and Mr. Rosner's counterclaims are in direct contravention
of the Plan injunction.  The Plan also provides that "[b]y
separate agreement, Classon, purchaser and the Debtor and each of
their respective members, principals, equity holders and
affiliates will exchange mutual releases.  It is expressly
understood that the parties will only be entitled to receive a
release in exchange for giving a release."

Mr. Rosner, in its objection, stated that he is entitled to seek
damages for an offset from individuals, third parties namely
Irving Scwartzbaum and Mitch Green who made promises to "take care
of him."

Mr. Rosner also said that Classon failed to comply with Safe
Harbor Provision of Bankruptcy Rule 9011; and the State Court has
concurrent jurisdiction to decide the issues.

Mr. Rosner is represented by:

         Jacob Ginsburg, Esq.
         GINSBURG LAW OFFICE
         One Concord Drive
         Monsey, NY 10952
         Tel: (845) 371-1914

Classon Estates LLC and Classon Estates One LLC are represented
by:

         Andrew C. Gold, Esq.
         Hanh V. Huynh, Esq.
         HERRICK, FEINSTEIN LLP
         2 Park Avenue
         New York, NY 10016
         Tel: (212) 592-1400
         Fax: (212) 592-1500
         E-mail: agold@herrick.com
                 hhuynh@herrick.com

                    About Park Side Estates

Monsey, New York-based Park Side Estates, LLC, sought Chapter 11
bankruptcy protection (Bankr. S.D.N.Y. Case No. 13-22198) in White
Plains on Feb. 7, 2013, estimating assets and liabilities in
excess of $10 million.

The Debtor owns the real property located at 143-159 Classon
Avenue, Brooklyn, New York, improved by two buildings with 37
residential units, commercial units and parking.  It said that its
principal asset is located at 143-159 Classon Avenue, in Brooklyn.

The Debtor sought bankruptcy to trigger the automatic stay to stop
the auction.

The petition was signed by Moshe Junger as managing member.
Arnold Mitchell Greene, Esq., at Robinson Brog Leinwand Greene
Genovese & Gluck, P.C., serves as the Debtor's counsel.  The
Debtor estimated assets and debts of at least $10 million as of
the Petition Date.  Judge Robert D. Drain presides over the case.

The Court confirmed on Oct. 15, 2013, the Debtor's First Amended
Plan of Liquidation, as modified.  The Park Side Plan provides for
the sale of its real property located at 143-159 Classon Avenue,
in Brooklyn, New York, to Classon, and thereafter the liquidation
of the company.  The purchaser will assume the existing Classon
mortgage in the agreed upon reduced amount of $17.25 million,
which includes the $2,414,500 obligation in a loan participation
agreement.


PFS HOLDING: S&P Lowers CCR to 'B-' on Weak Operating Performance
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered all of its ratings on
PFS Holding Corp., including its corporate credit rating to 'B-'
from 'B'.  The outlook is stable.

At the same time, S&P lowered its rating on the existing senior
secured first-lien debt to 'B-' from 'B', and revised the recovery
rating to '4' from '3', indicating that lenders could expect
average (30% to 50%) recovery in the event of a payment default.
In addition, S&P lowered its senior secured second-lien debt
ratings to 'CCC' from 'CCC+'.  The recovery rating on this debt
remains '6', indicating that lenders could expect negligible (0%
to 10%) recovery in the event of a payment default.

"The downgrade reflects our forecast for meaningfully lower
profitability and for credit ratios to deteriorate following the
loss of rights to distribute the Royal Canin line of products and
operational missteps integrating a recent acquisition," said
Standard & Poor's credit analyst Rod Olivero.  "We now view PFS'
operating efficiency as weak, and we project leverage, funds from
operations to total debt, and EBITDA interest coverage for 2014 of
around 10x, 5%, and 1.5x, respectively.  Also, we now project free
cash flow generation to be about break-even this year, compared to
about $20 million previously."

Standard & Poor's rating also reflects the company's narrow
business focus in pet food and supplies distribution services,
geographic concentration in North America, and channel
concentration among independent pet retailers.  These factors
support S&P's assessment PFS' business risk profile as "weak."
S&P's business risk assessment also factors in the relatively
stable end-user demand characteristics that S&P believes exist in
the pet supply business; the company' size, which could drive
economies of scale compared to smaller competitors; low working
capital; and modest capital expenditure requirements.

The stable outlook reflects S&P's forecast that the company will
maintain adequate liquidity, generate break-even free cash flow,
and stabilize profits at projected 2014 levels.  Nevertheless, S&P
expects credit metrics to remain poor, including leverage near 10x
and EBITDA interest coverage in the mid-1x area.


PLANT INSULATION: Insurers to Appeal Plan Order to 9th Cir.
-----------------------------------------------------------
District Judge Richard Seeborg gave his stamp of approval on a
joint stipulation among the insurers, the Official Committee of
Unsecured Creditors, debtor Plant Insulation Company, and the
court-appointed representative of future asbestos claimants over
the recent ruling affirming the revised Plan of Reorganization for
the Debtor.  A copy of the Stipulation is available at
http://is.gd/BQZiNvfrom Leagle.com.

The Insurers have advised the Plan Proponents that they would seek
a stay of the implementation of the Court's August 18, 2014 Order
affirming confirmation, and the Order denying appeal from the
confirmation of the Revised Plan, pending an appeal by the
Insurers of the Confirmation Order.  A copy of Judge Seeborg's
August 18 Order is available at http://is.gd/WKlgXqfrom
Leagle.com.

The Plan Proponents have responded that they would oppose such a
stay.

As an alternative to proceeding with a motion for a stay, and in
lieu of such motion, the parties have reached the stipulation.

The Plan Proponents are willing to stipulate that they will not
file a motion to dismiss the Appeal based on mootness of any kind,
as long as the Insurers agree to join in requesting that the Ninth
Circuit expedite the hearing of the Appeal and in seeking a
briefing schedule in the Ninth Circuit that is concluded as
quickly as the schedule set for the Insurers' prior appeal to the
Ninth Circuit.

The Plan Proponents agree that they will not seek to dismiss the
Appeal or raise equitable mootness as a ground for disposition of
the Appeal. Mootness, including the doctrine of equitable
mootness, is waived as an issue in the Appeal.

The Insurers agree that they will not seek to stay implementation
of the Plan or delay the occurrence of the Modified Effective
Date. The Insurers and the Plan Proponents shall request that the
Ninth Circuit Court of Appeals expedite the Appeal and the
briefing schedule.

The Plan Proponents shall not contend that the failure to seek or
obtain a stay of the Confirmation Order is a basis for any finding
adverse to the Insurers.

The case is ONEBEACON INSURANCE COMPANY, et al., Appellants, v.
PLANT INSULATION CO., et al., Appellees, No. C 14-01200 RS (N.D.
Cal.).

OneBeacon Insurance Company is represented by Meeghan Leahy
Buckley, Dentons US LLP, Philip Aloysius O'Connell, Jr., Dentons
US LLP, Christopher Day Soper, Dentons US LLP & Robert Millner,
Dentons US LLP.

United States Fire Insurance Company, Appellant, represented by
Clinton Earl Cameron, Troutman Sanders LLP, Chad A. Westfall,
Musick Peeler & Garrett LLP, Lawrence Allen Tabb, Musick Peeler &
Garrett LLP & Seth Martin Erickson.

Safety National Casualty Corporation, Appellant, represented by
Paul Joseph Killion, Duane Morris LLP & Philip Richard Matthews,
Duane Morris LLP.

American Home Assurance Company, Defendant, represented by Jeff R.
Carlisle, Lynberg & Watkins, Michael S Davis, Zeichner Ellman
Krause LLP & Randall James Peters, Lynberg & Watkins.

Granite State Insurance Company, Defendant, represented by Jeff R.
Carlisle, Lynberg & Watkins, Michael S Davis, Zeichner Ellman
Krause LLP & Randall James Peters, Lynberg & Watkins.

The Insurance Company of the State of Pennsylvania, Defendant,
represented by Jeff R. Carlisle, Lynberg & Watkins, Michael S
Davis, Zeichner Ellman Krause LLP & Randall James Peters, Lynberg
& Watkins.

United States Fidelity and Guaranty Company, Defendant,
represented by Andrew T. Frankel, Kathrine A. McLendon & Terry
Sanders, Simpson Thacher and Bartlett.

Transport Insurance Company, Defendant, represented by Ray L.
Wong, Duane Morris LLP.

Plant Insulation Company, Appellee, represented by Peter J.
Benvenutti, Keller & Benvenutti LLP, Lori Sinanyan, Jones Day &
Ryan T. Routh, Jones Day.

Official Committee of Unsecured Creditors of Plant Insulation
Company, Appellee, represented by Michael H. Ahrens, Sheppard
Mullin Richter & Hampton LLP & Michael Magayne Lauter, Sheppard,
Mullin, Richter & Hampton.

Charles B Renfrew, Appellee, represented by Gary Scott Fergus,
Fergus, A Law Office.

Bayside Insulation & Construction, Inc., Interested Party,
represented by George H. Kalikman, Schnader Harrison Segal & Lewis
LLP.

San Francisco, California-based Plant Insulation Company
manufactured insulation products and services.  It is formerly
involved in the sale, installation, repair, and distribution of
products containing asbestos.  The Company filed for Chapter 11
protection (Bankr. N.D. Calif. Case No. 09-31347) on May 20, 2009.
Michaeline H. Correa, Esq., Peter J. Benvenutti, Esq., and Tobias
S. Keller, Esq., at Jones Day, represent the Debtor in its
restructuring effort.  The Debtor estimated assets and debts
ranging from $500 million to $1 billion.


POSITIVEID CORP: Inks OID Note Purchase Pact With Toledo Advisors
-----------------------------------------------------------------
PositiveID Corporation closed a securities purchase agreement with
Toledo Advisors LLC providing for the purchase of two Convertible
Promissory Notes in the aggregate principal amount of $132,600,
with the first note being in the amount of $66,000 and the second
note being in the amount of $66,000.  The Notes contain a $5,000
original issue discount such that the purchase price of each Note
is $61,000.

The first Note was funded on execution of the Note.  The second
Note will initially be paid for by the issuance of an offsetting
$61,000 secured note issued by Toledo to the Company.  The funding
of the second Note is subject to certain conditions as described
in the second Note.  The Notes bear interest at the rate of 8% per
annum; are due and payable on Aug. 13, 2015; and may be converted
by Toledo at any time after 180 days of the date of issuance into
shares of Company common stock at a conversion price equal to the
lower of: (1) 60% of the three lowest closing bid prices (as
determined in the Notes) calculated at the time of conversion, or
(2) $0.06 per share.  The Company may opt out of a closing on the
second Note by giving Toledo written notice of its intent to opt
out at least 30 days prior to the six month anniversary of the
second Note.  Upon the Company opting out of the second Note, both
parties will have no further obligations under this Note including
the disbursement of the additional funds to the Company and the
repayment by the Company of the second Note to Toledo.

Meanwhile, on Aug. 21, 2014, the Company received a funding of
$110,000 pursuant to a Financing Agreement and a $275,000
Convertible Debenture dated June 30, 2014 with Macallan Partners,
LLC.  The Company received $90,000 of proceeds, net of fees.  The
Company had previously received $90,000, net of $10,000 in fees,
pursuant to a separate $110,000 (including $10,000 original issue
discount) funding, as disclosed in the Company's Form 10-Q as of
June 30, 2014.

The Debenture bears interest at the rate of 10% per annum; is due
and payable on May 25, 2015; and may be converted by MPL at any
time after 180 days of the date of issuance into shares of Company
common stock at a conversion price equal to 60% of the lowest
volume weighted average price in the 15 days prior to conversion.
The Debenture also contains certain representations, warranties,
covenants and events of default, and increases in the amount of
the principal and interest rates under the Debenture in the event
of such defaults.

                          About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $13.33 million on $0 of revenue for the year ended Dec. 31,
2013, as compared with a net loss attributable to common
stockholders of $25.30 million on $0 of revenue in 2012.

As of June 30, 2014, the Company had $1.19 million in total
assets, $6.98 million in total liabilities, all current, $1.21
million in mandatorily redeemable preferred stock and a $6.99
million total stockholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has a working capital deficiency and an accumulated
deficit.  Additionally, the Company has incurred operating losses
since its inception and expects operating losses to continue
during 2014.  These conditions raise substantial doubt about its
ability to continue as a going concern.


PREMIER PAVING: OnPointe Wants Payment of $31,921 Plus Interest
---------------------------------------------------------------
OnPointe Financial Valuation Group LLC asked the Bankruptcy Court
to direct Premier Paving, Inc. to pay $31,921, plus interest from
July 11, 2013, at $15.74 per diem; and attorney fees associated
with the collection of the judgment.

According to OnPointe, the Debtor has breached the settlement
agreement, which was approved by the Court on June 13, 2014, by
failing to make its July 10, 2014 payment.

OnPointe filed on Dec. 6, 2013, a Motion to compel the Debtor to
comply with Court order to obtain payment of the Court awarded
fees.  The Debtor resisted that motion.  In this relation, the
parties entered into a settlement agreement.

OnPointe is represented by:

         David M. Rich, Esq.
         MINOR & BROWN P.C.
         650 S. Cherry Street, Suite 1100
         Denver, CO 80246-1801
         Tel: (303) 376-6020
         Fax: (303) 320-6330
         E-mail: drich@minorbrown.com

                       About Premier Paving

Headquartered in Denver, Colorado Premier Paving Inc. --
http://www.premierpavinginc.com/-- operates a full-service
highway construction company, which services include paving,
grading and milling, geo-textiles, trucking, traffic control and
quality control.  Premier Paving also owns and operates an asphalt
plant.

Premier Paving filed for Chapter 11 bankruptcy (Bankr. D. Colo.
Case No. 12-16445) on April 2, 2012.  Judge Michael E. Romero
presides over the case.  In its petition, the Debtor estimated up
to $50 million in assets and debts.  The petition was signed by
David Goold, treasurer.

Lee M. Kutner, Esq., at Kutner Miller Brinen, P.C., serves as the
Debtor's counsel.  Pinnacle Real Estate Advisors LLC provides
professional broker services related to the sale of certain of the
Debtor's real estate assets.  The Official Unsecured Creditors
Committee is represented by J. Brian Fletcher, Esq., at Onsager,
Staelin & Guyerson, LLC.

The Court entered an order confirming the Debtor's Third Amended
Plan of Reorganization dated July 9, 2013, on Aug. 23, 2013.


PRINCE FREDERICK: Contractor's Equitable Subordination Suit Nixed
-----------------------------------------------------------------
Bankruptcy Judge Thomas J. Catliota granted the request of Old
Line Bank and Prince Frederick Investment, LLC, to dismiss the
second amended complaint filed against them by Atlantic Builders
Group, Inc., which seeks a determination that the Bank's claim and
liens should be equitably subordinated pursuant to 11 U.S.C.  Sec.
510(c).

The Defendants argue that the Complaint should be dismissed
because (1) it fails to state a cause of action for equitable
subordination; (2) it fails to plead misrepresentation with
particularly as required by Fed. R. Civ. P. 9(b); and (3) under
the concurrent remedy doctrine, laches and waiver would apply to
bar ABG's claims.

The Court concludes that the Complaint fails to state a plausible
claim for equitable subordination and therefore finds it
unnecessary to address the defendants' remaining arguments.

The Debtor was formed for the purpose of constructing and
operating the West Lake Medical Center.

ABG and the Debtor entered into a contract on August 8, 2008, to
construct the Center for $2,082,000 subject to additions and
deductions as provided by the Contract.  ABG began construction of
the Center in September 2008.  On October 22, 2008, the Bank,
through its predecessor in interest Maryland Bank and Trust
Company, N.A., made an initial $2,976,000 construction loan to
Westlake Investors, LLC for the construction of the Center, which
was increased to $3,326,000 on January 14, 2010.  The loan was
secured by a first priority lien in the Center and was guaranteed
by the Debtor.

The Debtor scheduled the Bank's total claim as $3,194,640 secured
by a lien on the Center, which was valued at $3,151,526.

The case is, Atlantic Builders Group, Inc. Plaintiff v. Old Line
Bank, et al. Defendants, Adversary No. 13-00461 (Bankr. D. Md.).
A copy of the Court's August 22, 2014 Memorandum of Decision is
available at http://tinyurl.com/mx7vnl2from Leagle.com.
led Company Reporter , Jun 14, 2012 ( Source: TCR)

Prince Frederick Investments, LLC, fka Westlake Investors, LLC,
based in Huntingtown, Md., filed a voluntary chapter 11 petition
(Bankr. D. Md. Case No. 12-20900) on June 8, 2012.  Judge Thomas
J. Catliota presides over the case.  James Greenan, Esq., at
McNamee Hosea, serves as the Debtor's counsel.  It scheduled
assets of $3,408,004 and liabilities of $4,003,287.  The petition
was signed by Richard Cirillo, managing member.  A list of the
Company's 15 largest unsecured creditors filed together with the
petition is available for free at
http://bankrupt.com/misc/mdb12-20900.pdf


PRINCESS INT'L: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Princess International, Inc.
        262 Ave. Pinero
        San Juan, PR 00918

Case No.: 14-06924

Chapter 11 Petition Date: August 22, 2014

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Judge: Hon. Enrique S. Lamoutte Inclan

Debtor's Counsel: Ruben Gonzalez Marrero, Esq.
                  PMB 403
                  Calle 39 UU-1
                  URB Sta Juanita
                  Bayamon, PR 00956
                  Tel: 787 798-8600
                  Email: rgm@microjuris.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Eduardo Hernandez, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb14-06924.pdf


RAFAEL RODRIGUEZ: Court Wants Bid to Substitute Counsel Clarified
-----------------------------------------------------------------
In the Chapter 11 case of Rafael Rodriguez, Jr., Bankruptcy Judge
Paul Mannes seeks clarification on the "Motion to Substitute
Counsel for Debtor" filed by Marc R. Kivitz.

"As the Motion seeks substitution as to both Stanton Levinson and
Roberto N. Allen, it is unclear as to whether both Mr. Levinson
and Mr. Allen intend on withdrawing from the case. Accordingly,
the court requests clarification," Judge Mannes said in his August
21, 2014 Memorandum to Counsel available at http://is.gd/9aHWVU
from Leagle.com.

The case is captioned IN RE: RAFAEL RODRIGUEZ, JR., Case No.
14-10477PM (Bankr. D. Md.).


REALTY EQUITIES: Case Summary & 3 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Realty Equities Goshen, LLC
        1025 Wetchester Avenue
        White Plains, NY 10604

Case No.: 14-23199

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 22, 2014

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

Judge: Hon. Robert D. Drain

Debtor's Counsel: Donald W. Clarke, Esq.
                  WASSERMAN, JURISTA & STOLZ PC
                  225 Millburn Ave, Ste 207
                  Millburn, NJ 07041
                  Tel: 973-467-2700
                  Fax: 973-467-8126
                  Email: dclarke@wjslaw.com
                         attys@wjslaw.com

                    - and -

                  Leonard C. Walczyk, Esq.
                  WASSERMAN JURISTA & STOLZ, P.C.
                  225 Milburn Ave
                  Millburn, NJ 07041
                  Tel: (973) 467-2700
                  Fax: (973) 467-8126
                  Email: lwalczyk@wjslaw.com

Total Assets: $6.60 million

Total Liabilities: $7.91 million

The petition was signed by Paul Foley, managing member.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/nysb14-23199.pdf


RESTORA HEALTHCARE: Needs Until Oct. 22 to File Plan
----------------------------------------------------
Restora Healthcare Holdings, LLC, et al., ask the U.S. Bankruptcy
Court for the District of Delaware to further extend until
Oct. 22, 2014, the period by which the Debtors have exclusive
right to file a plan, and until Dec. 21, 2014, the period by which
they have exclusive right to solicit acceptances of that plan.
The Debtors said in court papers that the additional time will
allow them sufficient time to work through and resolve any
remaining outstanding issues and determine the appropriate next
steps in their Chapter 11 cases.

This is the Debtors' second extension request.  The Debtors
previously sought and obtained an extension of their exclusive
plan filing period until Aug. 23 and their exclusive solicitation
period until Oct. 22.

A hearing on the Debtors' extension request is scheduled for
Oct. 16, 2014, at 9:30 a.m. (ET).  Objections are due Sept. 16.

                      About Restora Healthcare

Restora Healthcare Holdings, LLC, and two of its affiliates filed
separate Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
14-10367 to 14-10369) on Feb. 24, 2014.  The petitions were signed
by George W. Dunaway as chief financial officer.

DLA Piper LLP (US) serves as the Debtors' counsel.  The Debtors
tapped George D. Pillari, a managing director of Alvarez & Marsal
Healthcare Industry Group, LLC, as chief restructuring officer.

The U.S. Trustee appointed five creditors to serve on the Official
Committee of Unsecured Creditors.  The Committee has retained
Craig Freeman, Esq., and Martin G. Bunin, Esq., at Alston & Bird
LLP as its counsel; Brett D. Fallon, Esq., at Morris James LLP as
co-counsel to the Committee; and CohnReznick LLP as financial
advisor to the Committee.

Restora Healthcare Holdings disclosed $1,789,247 in assets, and
$11,328,016 in liabilities.  Restora Hospital of Mesa reported
$6,996,725 in assets and $11,186,942 in liabilities.  Restora
Hospital of Sun City also reported $5,327,278 in assets $9,109,597
in liabilities.


RICKIE LYNN WALKER: Loses Appeal From Foreclosure Judgment
----------------------------------------------------------
After debtor Rickie Lynn Walker defaulted on his $1,076,250 home
loan from Bayrock Mortgage Corporation, he sought to halt
foreclosure proceedings initiated by the substitute trustee,
Citibank N.A., contending the notice of default was void since
defendants lack standing to foreclose. According to Walker,
defendants are not the true beneficiaries under the deed of trust.
Walker filed suit against defendants, alleging fraud, quiet title,
and violation of Business and Professions Code section 17200, and
seeking declaratory relief. The trial court sustained defendants'
demurrer without leave to amend.  Walker appeals, renewing the
arguments he presented to the trial court.

The Court of Appeals of California, Third District, Placer,
affirmed the trial court's judgment in an August 22 decision
available at http://tinyurl.com/n6nymdzfrom Leagle.com.

Walker also obtained a second loan from Bayrock in the amount of
$287,000, secured by a second deed of trust on the property. Only
the initial loan is at issue in the lawsit.

In January 2010 Walker filed a voluntary petition for chapter 11
bankruptcy. Citibank as trustee filed a proof of claim in the
bankruptcy action and Walker filed an objection.

The case is, RICKIE LYNN WALKER, Plaintiff and Appellant, v.
CITIBANK, N.A., as Trustee, etc., et al., Defendants and
Respondents, No. C072247 (Cal. App.).


SALTON SEA: S&P Lowers Rating on $285MM Bonds to 'BB-'
------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating to 'BB-'
from 'BB' on Salton Sea Funding Corp.'s (SSFC) $285 million senior
bonds due 2018 ($77.8 million outstanding as of June 30, 2014).
The recovery rating remains unchanged at '1'.  The outlook is
negative.  At the same time, S&P affirmed the 'B-' rating on
holding company CE Generation LLC's (CE Gen) $400 million secured
bonds due 2018 ($135.8 million outstanding as of June 30, 2014).
The recovery rating remains unchanged at '2'.  The outlook is
negative.

"The rating action on SSFC's senior bonds reflects our view of
SSFC's weaker performance and our uncertainty regarding future
project cash flow as a result of reduced revenue, higher-than-
anticipated operating expenses, and capital expenditures," said
Standard & Poor's credit analyst Antonio Bettinelli.  "Performance
through June 30, 2014 missed our expectations and necessitated an
increase in sponsor contributions," added Mr. Bettinelli.

SSFC received total owner contributions of $24 million (versus
S&P's expectation of $10 million) to assist in covering the
second-quarter debt service payment and capital expenditures, as a
result of reduced cash flow in the first half of the year.

"We attribute diminished cash flow to operational issues and
higher capital expenditures.  Operationally, the project's energy
production decreased by 8.8% as a result of transmission line
outages and equipment repairs affecting its geothermal units.
Higher capital expenditures intended to revive declining
production totaled $26.5 million through June, and we expect total
expenditures of $62.0 million at the project in 2014 (an increase
of about $5.0 million from our prior forecast) before returning in
2015 to a run rate that we estimate to be $40.0 million per year.
Berkshire Hathaway Energy Co., which bought out TransAlta's 50%
ownership in May and became the sole owner, is investing heavily
in the project this year to reverse declining capacity at the
plant and restore the historical production level of 90% or above.
Although the contributions provided from the owner preserves the
project's 12-month debt service reserve, we do not base the rating
on parental support.  However, without such support the current
level of capital investments would not be possible and cash flow
would thus likely be higher in the near term, at the expense of
long-term performance," S&P said.

The negative outlook on the SSFC rating reflects S&P's increased
uncertainty about SSFC's project cash flows resulting from a
series of operational challenges and the timing and costs
associated with production improvements at the project.  S&P could
lower the rating if DSC does not improve to more than 1.0x by mid-
2015 and continue to trend toward 1.5x.


SB PARTNERS: SRE Clearing Owned 39% LP Stake at Aug. 18
-------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, SRE Clearing Services Corporation disclosed
that as of Aug. 18, 2014, it beneficially owned 3,025 units of
limited partnership interest representing 39% of the total units
outstanding.  A full-text copy of the regulatory filing is
available at http://is.gd/FpU9N7

                      About SB Partners

Milford, Conn.-based SB Partners is a New York limited partnership
engaged in acquiring, operating and holding for investment a
varying portfolio of real estate interests.  As of June 30,
2010, the partnership owns an industrial flex property in Maple
Grove, Minnesota and warehouse distribution centers in Lino Lakes,
Minnesota and Naperville, Illinois.

SB Partners incurred a net loss of $1.10 million in 2012 as
compared with a net loss of $1.02 million in 2011.

The Company's balance sheet at June 30, 2014, showed $17.25
million in total assets, $22.64 million in total liabilities and a
$5.39 million total partners' deficit.


SECURITY NATIONAL: Plan Confirmation Hearing on Sept. 30
--------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware on Aug. 22, 2014, issued an order approving the joint
motion of Security National Properties Funding III, LLC, et al.,
and Bank of America, N.A., as agent for senior lenders, for entry
of an order approving the disclosure statement explaining the
joint plan of reorganization proposed by the Debtors and co-
proposed by BofA.

The Joint Plan implements a settlement agreement between the
Debtors and BofA, on behalf of the Senior Lenders.  The settlement
agreement, which was approved by the Court on Aug. 22, provides
for two alternative paths to consummate the Plan: (i) the Debtor
Confirmation Option and; (ii) the Lender Confirmation Option.  The
Debtor Confirmation Option allows the Debtors to satisfy and
discharge the Senior Lender Claims through:

   (1) refinancing transactions -- the refinancing of the 28
       properties owned or managed by the Debtors; the refinancing
       of the five properties referred to as the Alliance Bank
       Center, Hobby Lobby, Orchards Mall, Greenville Mall, and
       Heartland Mall; and the sale of the lots commonly referred
       to as the "Soup Lots;"

   (2) the Deficiency Note to be issued by SNP Holding as a
       condition to closing either the primary refinancing
       transaction or the secondary refinancing transaction, in
       the amount of approximately $13 million accruing interest
       at 5% per annum;

   (3) the DCO Sponsor Guaranty, which means the guarantees
       contemplated in the Settlement Agreement signed by
       Robin P. Arkley, II; and

   (4) the Net Proceeds Covenants -- At or before, and as a
       condition to, each closing of the Primary Transaction and
       the Secondary Transaction, each SN Party will execute an
       agreement pursuant to which the applicable SN Party will
       covenant and agree that, until the Deficiency Note is paid
       in full, the SN Party will immediately deliver any Net
       Proceeds it receives relating to the Refinanced Parcels
       that are included in the Refinancing Transaction to the
       Agent for application to the obligations in accordance
       with the terms of the Deficiency Note.

If the SN Parties satisfy all requirements for the Debtor
Confirmation Option by Oct. 9, then the Debtor Confirmation Option
will be implemented.  If the SN Parties do not satisfy all
requirements for the Debtor Confirmation Option, then the Lender
Confirmation Option will be implemented.

Under the Plan, all Holders of Allowed Claims, including all
General Unsecured Claims, will be paid in full on the Effective
Date or as soon as practicable thereafter, except for the Senior
Lender Claims, Intercompany Claims, and Claims of Non-Debtor
Affiliates.  General Unsecured Claims are estimated to total
$1,660,525 to $1,750,000, and will recover 100% of the total
allowed amount.

As a result of the occurrence of the effective date of the
settlement agreement, BofA withdrew the Revised Plan of
Reorganization it filed for the Debtors on Aug. 1, 2014.  The
Debtors also withdrew the Third Amended Joint Chapter 11 Plan of
Reorganization they filed on Jan. 14, 2013.

The hearing to consider confirmation of the Joint Plan will be on
Sept. 30, 2014, at 10:00 AM.  Objections are due Sept. 23.

A full-text copy of the Disclosure Statement dated Aug. 22, 2014,
is available at http://is.gd/M5qYvq

                       About Security National

Eureka, California-based Security National Properties Funding III
LLC owns and operates 33 commercial office, retail, industrial and
other properties.  Security National and various affiliates filed
for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 11-13277)
on Oct. 13, 2011.  Judge Kevin Gross presides over the case.
Donna L. Culver, Esq., Robert J. Dehney, Esq., Justin K. Houser,
Esq., Andrew R. Remming, Esq., and Gregory W. Werkheiser, Esq., at
Morris, Nichols, Arsht & Tunnell, in Wilmington, Delaware, serve
as the Debtors' counsel.  GCG Inc. serves as the Debtors' claims
and notice agent.  The Debtors' scheduled assets total $24,758,433
while scheduled liabilities total $354,657,501.

The U.S. Trustee for Region 3 has been unable to form an official
committee of unsecured creditors.


SECURITY NATIONAL: 17th Interim DIP Order Issued
------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware issued a seventeenth interim order authorizing Security
National Properties Funding III, LLC, et al., to obtain additional
postpetition secured financing in the amount not to exceed
$5 million from Security National Properties Holding Company, LLC.

Judge Gross likewise issued a twenty-seventh interim order
authorizing the Debtors use of cash collateral securing their
prepetition indebtedness from Bank of America, N.A., as agent for
a group of senior prepetition lenders.  By the 27th interim order,
the Debtors are authorized to use the cash collateral through the
earlier of (i) Oct. 1, 2014, and (ii) the effective date of a plan
of reorganization.

The final hearings on the Debtors' request to obtain postpetition
financing and request to use cash collateral are set for Sept. 30,
at 10:00 a.m. (ET).  Objections to both requests are due Sept. 23.

At the final hearing, the Debtors will seek approval of a final
order granting their request to use the cash collateral through
and including the earlier of (i) Nov. 30, 2014, and (ii) the
effective date of the Debtors' plan of reorganization.

                       About Security National

Eureka, California-based Security National Properties Funding III
LLC owns and operates 33 commercial office, retail, industrial and
other properties.  Security National and various affiliates filed
for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 11-13277)
on Oct. 13, 2011.  Judge Kevin Gross presides over the case.
Donna L. Culver, Esq., Robert J. Dehney, Esq., Justin K. Houser,
Esq., Andrew R. Remming, Esq., and Gregory W. Werkheiser, Esq., at
Morris, Nichols, Arsht & Tunnell, in Wilmington, Delaware, serve
as the Debtors' counsel.  GCG Inc. serves as the Debtors' claims
and notice agent.  The Debtors' scheduled assets total $24,758,433
while scheduled liabilities total $354,657,501.

The U.S. Trustee for Region 3 has been unable to form an official
committee of unsecured creditors.


SHIVANI HOSPITALITY: Case Summary & 15 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Shivani Hospitality LLC dba Days Inn
        753 North Marietta Parkway
        Marietta, GA 30060

Case No.: 14-66390

Chapter 11 Petition Date: August 22, 2014

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Judge: Hon. Margaret Murphy

Debtor's Counsel: Garrett A. Nail, Esq.
                  THOMPSON HINE, LLP
                  Suite 1600, 3560 Lenox Road
                  Atlanta, GA 30326
                  Tel: (404) 407-3610
                  Fax: (404) 541-2905
                  Email: garrett.nail@thompsonhine.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Suresh Sharma, manager.

A list of the Debtor's 15 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ganb14-66390.pdf


SKILLSOFT LIMITED: SumTotal Deal No Impact on Moody's 'B3' CFR
--------------------------------------------------------------
Moody's Investors Service said the B3 Corporate Family Rating,
debt instrument ratings and stable outlook of Evergreen Skills Lux
S.a r.l. ("Evergreen" -- the indirect parent company of Skillsoft
Limited ("Skillsoft")) are not immediately impacted by the
company's announcement on August 21, 2014 that its subsidiary
Skillsoft Corporation has entered into a definitive agreement to
acquire SumTotal Systems, Inc. (B2, Negative), a provider of
personalized learning and human capital management software to
organizations.

The acquisition could potentially be credit negative depending on
the terms and conditions of the transaction, including the
purchase consideration and financing sources, which have not yet
been disclosed.

Skillsoft provides on-demand e-learning and performance support
solutions for global enterprises, government, education and small
to medium-sized businesses. The company is private and is owned by
affiliates of Charterhouse Capital Partners LLP.


SKYLINE MANOR: Ch.11 Trustee Seeks Approval of Bidding Protocol
---------------------------------------------------------------
Ron Ross, as Chapter 11 trustee for Skyline Manor, Inc., asks the
Bankruptcy Court to:

   (a) approve the bidding and auction procedures in connection
       with the potential sale of substantially all assets of the
       estate;

   (b) approve a break-up fee of at least 2.5% of a bid to be
       granted at the Chapter 11 trustee's discretion;

   (c) approve the form and manner of sale notices; and

   (d) schedule an auction if, subject to the bidding procedures,
       the Chapter 11 trustee receives more than one qualified
       bid, and set a date and time for a sale hearing.

The Chapter 11 trustee, in consultation with the official
committee of unsecured creditors and secured creditor Oxford
Finance, LLC, intends to sell the assets pursuant to a competitive
sale process under Section 363(b) of the Bankruptcy Code.

The Chapter 11 trustee sought and obtained the Court's authority
to retain BluePrint HealthCare Real Estate Advisors, LLC, to
assist with the marketing and sale.

Parties seeking access to the electronic data room established by
BluePrint to review due diligence materials will be required to
sign a form confidentiality agreement. The electronic data room
will include a form of asset purchase agreement.

To date, no party has reached an agreement with the Chapter 11
trustee to serve as the stalking horse bidder. To be considered
for selection as the stalking horse bidder, potential bidders will
be required to submit qualified bids to the Chapter 11 trustee no
later than September 16, 2014.

The Chapter 11 Trustee will select the Stalking Horse Bidder no
later than September 26, 2014, and will file with the Court a
notice of the selection.

The Chapter 11 trustee believes that the best course of action is
to seek a sale as expeditiously as possible due to the limited
period of time during which he is authorized to use cash
collateral, and the possibility that the estate's assets will
decrease in value with the passage of time.

                          Bidding Procedures

A potential bidder that wants to make a bid must deliver written
copies of its bid to:

   (1) the Chapter 11 Trustee
       c/o counsel Baird Holm LLP
       1500 Woodmen Tower 18th and Farnam Streets
       Omaha, NE 68102
       Attn. T. Randall Wright, Esq.

   (2) the committee
       c/o counsel Pepper Hamilton LLP
       3000 Two Logan Square, 18th & Arch Streets
       Philadelphia, PA 19103
       Attn. Francis J. Lawall, Esq.

   (3) Oxford
       c/o counsel Katten Muchin Rosenman LLP
       525 W. Monroe Street
       Chicago, IL 60661
       Attn. Kenneth J. Ottaviano, Esq

All bids should be received by 12:00 noon on October 9, 2014.

If at least one qualified bid other than the stalking horse
bidder's qualified bid is received, the Chapter 11 trustee will
conduct an auction on October 20, 2014, at the offices of Baird
Holm LLP.

Before the auction, the Chapter 11 trustee will evaluate all
qualified bids and will determine which constitutes the best offer
for the assets. The Chapter 11 trustee will announce the starting
auction bid at the start of the auction. The minimum initial
overbid and any subsequent overbids must be in increments of at
least $50,000.

The Chapter 11 trustee will notify the Court and other parties-in-
interest of the successful bidder. The trustee will request the
Court to schedule a sale hearing on, or as soon as practicable
after, October 21, 2014.

At the conclusion of the sale hearing, the Chapter 11 trustee will
seek the Court's authority to sell the assets to the successful
bidder and assume and assign any designated executory contracts
and unexpired leases.

The Chapter 11 trustee will provide sufficient notice of the
auction and sale hearing to all relevant parties.

A break-up fee is designed to compensate the unsuccessful bidder
for the risk and costs incurred in advancing the competitive
bidding process.

The Chapter 11 trustee is represented by:

     T. Randall Wright, Esq.
     Brandon R. Tomjack, Esq.
     BAIRD HOLM LLP
     1700 Farnam Street, Suite 1500
     Omaha, NE 68102-2068
     Tel: 402-344-0500
     Fax: 402-344-0588
     Email: btomjack@bairdholm.com
            rwright@bairdholm.com

                      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.


PREMIER PAVING: OnPointe Wants Payment of $31,921 Plus Interest
---------------------------------------------------------------
OnPointe Financial Valuation Group LLC asked the Bankruptcy Court
to direct Premier Paving, Inc. to pay $31,921, plus interest from
July 11, 2013, at $15.74 per diem; and attorney fees associated
with the collection of the judgment.

According to OnPointe, the Debtor has breached the settlement
agreement, which was approved by the Court on June 13, 2014, by
failing to make its July 10, 2014 payment.

OnPointe filed on Dec. 6, 2013, a Motion to compel the Debtor to
comply with Court order to obtain payment of the Court awarded
fees.  The Debtor resisted that motion.  In this relation, the
parties entered into a settlement agreement.

OnPointe is represented by:

         David M. Rich, Esq.
         MINOR & BROWN P.C.
         650 S. Cherry Street, Suite 1100
         Denver, CO 80246-1801
         Tel: (303) 376-6020
         Fax: (303) 320-6330
         E-mail: drich@minorbrown.com

                       About Premier Paving

Headquartered in Denver, Colorado Premier Paving Inc. --
http://www.premierpavinginc.com/-- operates a full-service
highway construction company, which services include paving,
grading and milling, geo-textiles, trucking, traffic control and
quality control.  Premier Paving also owns and operates an asphalt
plant.

Premier Paving filed for Chapter 11 bankruptcy (Bankr. D. Colo.
Case No. 12-16445) on April 2, 2012.  Judge Michael E. Romero
presides over the case.  In its petition, the Debtor estimated up
to $50 million in assets and debts.  The petition was signed by
David Goold, treasurer.

Lee M. Kutner, Esq., at Kutner Miller Brinen, P.C., serves as the
Debtor's counsel.  Pinnacle Real Estate Advisors LLC provides
professional broker services related to the sale of certain of the
Debtor's real estate assets.  The Official Unsecured Creditors
Committee is represented by J. Brian Fletcher, Esq., at Onsager,
Staelin & Guyerson, LLC.

The Court entered an order confirming the Debtor's Third Amended
Plan of Reorganization dated July 9, 2013, on Aug. 23, 2013.


STERLING BLUFF: Case Dismissed; Coastal Bank May Foreclose
----------------------------------------------------------
Bankruptcy Judge Edward J. Coleman, III, opted to dismiss, rather
than convert to Chapter 7 liquidation, the Chapter 11 case of
Sterling Bluff Investors, LLC.

"I find that dismissal, rather than conversion, is in the best
interest of creditors and the estate. The Debtor has not shown and
the Court has not found any "unusual circumstances" within the
meaning of [Sec] 1112(b)(2) that would justify this Court not
dismissing the Debtor's case for cause. Therefore, I will order
that this Chapter 11 case be dismissed," Judge Coleman said in an
August 22 Opinion available at http://tinyurl.com/oaxpwztfrom
Leagle.com.

In 2008, a group of investors formed SBI to purchase the last
unsold lots and the right to receive the proceeds from the sale of
numerous club memberships in a luxury residential development
called The Ford Plantation. These investors hoped that these
assets could be sold over time at a profit.

In its entire history, SBI never sold a single lot, employed a
single person, or erected a single building. The Debtor's proposed
plan of reorganization reveals its intent for the future: the
Debtor's business model as a passive real estate investment will
not change; old equity will be eliminated; and a subset of the
Debtor's current ownership will cover cash shortfalls as the
assets are liquidated over an eight-year period.

In exchange for this capital infusion, this subset of investors
would receive new equity interests and an injunction stopping the
Debtor's secured lenders from collecting against them personally
on their guaranties of the Debtor's loans.

After balancing the equities, the Court concludes that the Debtor
filed this bankruptcy case in bad faith; the purpose of Chapter 11
is not to hinder and delay creditors' ability to collect against
the guarantors of a failed land speculation investment.

According to Judge Coleman, the case will be dismissed for cause
as a bad faith filing as well as for cause within the meaning of
11 U.S.C. Sec. 1112(b)(4)(A) because the Court finds there is a
"substantial or continuing loss to or diminution of the estate and
the absence of a reasonable likelihood of rehabilitation."

The Coastal Bank, which extended a $6,250,000 to the Debtor in
2008, sought dismissal of the case.

The Court also granted the Bank's motion for relief from the
automatic stay with respect to the 66 lots and 50 Resident
Memberships in which it holds a security interest.

                  About Sterling Bluff Investors

Sterling Bluff Investors, LLC, a Georgia limited liability company
formed for the purpose of acquiring and owning lots in a
subdivision known as the Ford Plantation, Bryan County, Georgia,
and also certain club memberships in the Ford Plantation Club,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Ga. Case No. 14-40200) in Savannah, Georgia, on Feb. 3, 2014.

Stone & Baxter, LLP, in Macon, Georgia, represents the Debtor in
this Chapter 11 case.

The Debtor estimated assets and debt of $10 million to $50
million.  The petition was signed by Michael Greene, manager.

The U.S. Trustee has not appointed an official committee of
unsecured creditors.  The U.S. Trustee reserves the right to
appoint such a committee should interest developed among the
creditors.


STONERIDGE INC: S&P Raises CCR to 'BB' on Leverage Expectation
--------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Warren, Ohio-based auto supplier Stoneridge Inc. to 'BB'
from 'BB-'.  The outlook is stable.

At the same time, S&P revised its recovery rating on the company's
senior secured notes to '3', indicating its expectation for
meaningful (50%-70%) recovery in the case of default, from '4'
(30%-50% recovery expectation).  S&P subsequently raised its
issue-level rating on this debt to 'BB' from 'BB-'.

The upgrade reflects S&P's view that Stoneridge Inc.'s debt
leverage and cash flow will begin to show substantial improvement
in 2015 because of its reduced debt and cost structure.
Stoneridge recently sold its wiring business to Motherson Sumi
Systems Ltd. for $71.4 million in cash.  The company will use a
portion of the proceeds to redeem 10% ($17.5 million) of its 9.5%
senior secured notes.  The company has indicated that it will look
into refinancing the remaining senior secured notes and cut its
interest expense substantially.  S&P also believes the divestiture
will bring greater strategic focus to the company.

S&P considers Stoneridge's business risk profile to be "weak,"
reflecting the company's highly competitive and cyclical light and
commercial vehicle end markets.  S&P believes these factors
together limit the company's ability to mitigate adverse business,
financial, or economic conditions.

The company operates in three product segments: electronics (28.7%
of 2013 pro forma revenue), control devices (44.3%), and PST
(27%).  In both the control devices and electronics businesses,
the company faces larger and better-capitalized competitors
(Sensata, Delphi, and Bosch in control devices and Delphi,
Continental, and Bosch in cockpit electronics).  Still, S&P
believes the company is positioned to compete with its low-cost
production and focus on those higher-margin products that enhance
vehicle performance such as shift-by-wire actuators and help
reduce emissions such as soot sensors.

The wiring business, on the other hand, is a low-margin business
that requires scale to compete successfully.  Therefore, the
divestiture of the business makes strategic sense in that it
allows management to focus on other businesses with greater room
for product differentiation and growth.  In addition, geographic
and customer concentration becomes more balanced relative to
global end markets.  Sales to North America will represent 46.5%
of pro forma 2013 revenue as opposed to 62.8% of actual revenue,
South America 27% versus 18.8%, and Europe/other 26.5% versus
18.4%.  Also, the top three customers will make up about 24% of
pro forma revenue versus about 34% of actual 2013 revenue.

In its Brazilian business, PST, as a result of economic weakness,
Stoneridge is restructuring the business through headcount
reductions and improved components sourcing.  PST's underlying
aftermarket businesses (vehicle security, tracking, and
infotainment devices) have higher gross margins than its control
devices or electronics segments, and S&P expects it to contribute
again significantly to overall margins as economic conditions
normalize.

About 37.1% of Stoneridge's sales come from the light-vehicle
market and 37.7% from the commercial vehicle market, based on
second-quarter results.  S&P expects commercial vehicle production
to rise almost 11% in North America in 2014, after falling more
than 3% in 2013, and decreasing almost 5% in Europe in 2014.  S&P
expects light-vehicle production to increase about 3% in North
America and 2% in Europe.

S&P is revising the company's financial risk profile to
"intermediate" from "significant."  The company's adjusted debt to
EBITDA was 2.5x as of Dec. 31, 2013, and S&P sees leverage falling
below 2x during 2014 because of higher overall margins arising
from the divestiture of the wiring business and anticipated debt
reduction.  FOCF to debt was 11% as of Dec. 31, 2013, and S&P
expects this ratio to be in the low-single digits in 2014 but rise
above 25% in 2015.


SUN BANCORP: Closes Sale of $20 Million Worth of Common Shares
--------------------------------------------------------------
Sun Bancorp, Inc., completed the previously announced sale of an
aggregate of 1,133,144 shares of common stock, par value $5.00 per
share, at a purchase price of $17.65 per share, or $19,999,991 in
the aggregate, according to the Company's regulatory filing with
the U.S. Securities and Exchange Commission.  The sales were made
pursuant to securities purchase agreements with certain
institutional investors, and the issuance and sale of the shares
was exempt from registration under the Securities Act of 1933, as
amended, pursuant to Section 4(2) of the Act.

                          About Sun Bancorp

Sun Bancorp, Inc. (NASDAQ: SNBC) is a bank holding company
headquartered in Vineland, New Jersey, with its executive offices
located in Mt. Laurel, New Jersey.  Its primary subsidiary is Sun
National Bank, a full service commercial bank serving customers
through more than 60 locations in New Jersey.

On April 15, 2010, Sun National Bank entered into a written
agreement with the OCC which contained requirements to develop and
implement a profitability and capital plan which provides for the
maintenance of adequate capital to support the Bank's risk profile
in the current economic environment.

Sun Bancorp reported a net loss available to common shareholders
of $9.94 million in 2013, a net loss available to common
shareholders of $50.49 million in 2012, and a net loss available
to common shareholders of $67.50 million in 2011.

The Company's balance sheet at June 30, 2014, showed $2.89 billion
in total assets, $2.66 billion in total liabilities and $227.65
million in total shareholders' equity.


SUNRISE REAL ESTATE: Signs $1.7 Million Purchase Agreement
----------------------------------------------------------
Sunrise Real Estate Group, Inc., entered into a share purchase
agreement with Ace Develop Properties Limited to issue 20 million
shares to Ace for RMB 10,472,000 (US $1,700,000 equivalent).
This agreement, subject to standard closing terms and conditions,
is scheduled to close on or before Aug. 31, 2014.

                      About Sunrise Real Estate

Headquartered in Shanghai, the People's Republic of China, Sunrise
Real Estate Group, Inc. was initially incorporated in Texas on
Oct. 10, 1996, under the name of Parallax Entertainment, Inc.
On Dec. 12, 2003, Parallax changed its name to Sunrise Real
Estate Development Group, Inc.  On April 25, 2006, Sunrise Estate
Development Group, Inc., filed Articles of Amendment with the
Texas Secretary of State, changing the name of Sunrise Real Estate
Development Group, Inc. to Sunrise Real Estate Group, Inc.,
effective from May 23, 2006.

The Company and its subsidiaries are engaged in the property
brokerage services, real estate marketing services, property
leasing services and property management services in China.

Sunrise Real Estate incurred a net loss of US$3.47 million on
US$8.52 million of net revenues for the year ended Dec. 31, 2012,
as compared with a net loss of US$1.15 million on US$8.97 million
of net revenues for the year ended Dec. 31, 2011.

The Company's balance sheet at Sept. 30, 2013, showed $60.33
million in total assets, $55.82 million in total liabilities and
$4.50 million in total shareholders' equity.

Finesse CPA, P.C., in Chicago, Illinois, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company has a working capital deficiency, accumulated deficit
from recurring net losses for the current and prior years, and
significant short-term debt obligations currently in default or
maturing in less than one year.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


SUNTECH POWER: Swizz Unit Now Solvent Member of Suntech Group
-------------------------------------------------------------
Suntech Power Holdings Co., Ltd. said the Schaffhausen Cantonal
Court's order of July 16, 2014, approving the Dividend Agreement
to resolve the creditor claims of Suntech Power International Ltd.
became effective as of August 8, 2014.  A corresponding
publication was made in the Swiss Official Gazette of Commerce on
August 15, 2014.

The moratorium phase and the mandate of the Swiss Administrator
have come to an end.  SPI is now a solvent member of the Suntech
Group under the operational control of its Board of Directors.
The Swiss Administrator has been appointed by the Schaffhausen
Cantonal Court to continue to work with the Board in the coming
months to supervise and ensure that the terms of the Dividend
Agreement are properly executed, which will include the payment of
dividends to SPI's creditors and administrative matters.

Mr David Walker, Joint Provisional Liquidator of the Company, said
"The Court Order has closed a difficult chapter for SPI and we are
pleased that the hard work of the SPI Board, the Swiss
Administrator, the Chief Restructuring Officer of SPI Mr Robert
Moon, and the creditors of SPI, who have been supportive
throughout this process, has been recognised.  This was an
important milestone to the restructuring: SPI is a significant
entity in Europe and an integral cog for the continued
restructuring of the Group as a whole."

                           About Suntech

Suntech Power Holdings Co., Ltd. (OTC: STPFQ) 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.


SUNWIN STEVIA: RBSM LLP Raises Going Concern Doubt
--------------------------------------------------
Sunwin Stevia International, Inc., reported a net loss of
$3.07 million on $9.17 million of revenues for the fiscal year
ended April 30, 2014, compared with a net loss of $4.01 million on
$7.3 million of revenues in 2013.

RBSM LLP expressed substantial doubt about the Company's ability
to continue as a going concern, citing that the Company has
incurred significant losses.

The Company's balance sheet at April 30, 2014, showed $28.84
million in total assets, $5.34 million in total liabilities and
stockholders' equity of $23.5 million.

A copy of the Form 10-K filed with the U.S. Securities and
Exchange Commission is available at http://is.gd/ddlmzj

Shandong, China-based Sunwin Stevia International, Inc., a Nevada
corporation, sells stevioside, a natural sweetener, as well as
herbs used in traditional Chinese medicines and veterinary
products.  Substantially all of the Company's operations are
located in the People's Republic of China.


SUPERIOR AIR: Bankr. Judge Won't Hear Dispute With Supplier
-----------------------------------------------------------
Bankruptcy Judge Barbara Houser denied the request of Superior Air
Parts, Inc., to enforce the terms of its confirmed Third Amended
Plan of Reorganization.  Judge Houser said the Bankruptcy Court
now lacks subject matter jurisdiction over Superior's dispute with
TAE, which supplies replacement parts.

"Simply because a debtor was once in bankruptcy does not mean that
the bankruptcy court is an appropriate forum in which to litigate
post-confirmation disputes between a reorganized debtor and its
post-confirmation suppliers," Judge Houser said.

Superior requested TAE to return its property.  Given the
difficulties in determining what property Superior was demanding
that TAE return, among other difficulties, the parties asked for,
and received, numerous agreed continuances of the hearing on the
Motion to see if they could consensually resolve this dispute.
However, those efforts failed.

According to Judge Houser, the Motion is denied without prejudice
to: (i) Superior seeking whatever relief it believes appropriate
against TAE in a court of competent jurisdiction, and (ii) TAE
asserting whatever defenses and/or claims it believes appropriate
against Superior.

A copy of the Court's August 20, 2014 Memorandum Opinion and Order
is available at http://is.gd/BRUth7from Leagle.com.

                        About Superior Air

Superior Air Parts, Inc. is a Texas corporation with its offices
and operating facilities located in Coppell, Dallas County, Texas.
It was founded in 1967 in order to supply the United States Air
Force and commercial customers with replacement parts for piston
powered aircraft engines.  Superior is one of the largest
suppliers of parts under Federal Aviation Administration's  Parts
Manufacturer Approval regulations for piston engines.  It provides
Superior-brand parts for engines created by two primary original
equipment manufacturers, the Continental division of Teledyne,
Inc. and the Lycoming division of Textron Inc. Its customers are
companies that perform maintenance and overhaul work in the
general aviation industry.  Superior is also an OEM for the 180-
horsepower Vantage Engine and owner-built XM-360 engines for
various aircraft companies.

In 2006, 100% of the ownership interests of Superior was acquired
by Thielert, AG, a German corporation based out of Hamburg,
Germany. Also in 2006, Thielert purchased the debt of Superior's
senior secured lender and subordinated lenders secured by
substantially all of the Debtor's assets.

Superior Air Parts filed for Chapter 11 on Dec. 31, 2008 (Bankr. ,
N.D. Tex., Case No. 08-36705).  Judge Barbara J. Houser handles
the case.  The Debtor's counsel is Stephen A. Roberts, Esq., at
Strasburger & Price, LLP, in Austin Texas.  In its bankruptcy
petition, the Debtor estimated assets and debts of $10 million to
$50 million each.

The Debtor's Third Amended Plan of Reorganization, filed jointly
by the Debtor and the Official Committee of Unsecured Creditors,
was confirmed by Order entered on Aug. 27, 2009.  Essentially,
creditors were paid, the stock of the reorganized Superior was
sold to the Brantly Group, and Superior's pre-bankruptcy equity
interests were cancelled.  The Plan went effective on Sept. 28,
2009.  After a series of claims objections and professional fee
applications were determined, Superior filed its application for a
final decree, which was granted on Sept. 23, 2010, and Superior's
bankruptcy case was closed.


SUPERIOR AIR: Bankr. Judge Re-Closes Chapter 11 Case
----------------------------------------------------
Bankruptcy Judge Barbara Houser ordered that the Chapter 11 case
of Superior Air Parts, Inc., be re-closed.

On March 15, 2012, Superior moved to reopen the Case in response
to a lawsuit filed against it in the 236th Judicial District Court
of Texas by Lycoming Engines, a division of Avco Corporation, and
Textron Innovations, Inc.  The Plaintiffs sought to prevent
Superior from manufacturing, distributing, or selling parts that
incorporated the Plaintiffs' proprietary information.

Superior filed its Notice of Removal on March 14, 2012, commencing
an adversary proceeding in bankruptcy court.  Superior argued that
the bankruptcy court should grant the Motion to Reopen because
determination of the Lawsuit turned, inter alia, on whether the
Plaintiffs' claims were barred by the Plan and whether the
Plaintiffs' claims violated the Confirmation Order.

Superior also moved to dismiss the adversary proceeding, arguing
that: (i) the Plaintiffs claims were barred by the Plan, the
Confirmation Order, and the Bankruptcy Code; (ii) the Plaintiffs
failed to adequately plead their breach of fiduciary duty claim;
(iii) the Plaintiffs failed to adequately plead their
misappropriation of trade secrets claim; and (iv) the Plaintiffs
failed to adequately plead their fraudulent concealment claims.

On December 14, 2012, the bankruptcy court entered its Final
Judgment, dismissing all of the Plaintiffs' claims.  On appeal,
the District Court affirmed and dismissed the Plaintiffs' appeal.
The Plaintiffs then appealed to the Fifth Circuit, but the Fifth
Circuit dismissed the appeal on July 11, 2014 pursuant to the
Plaintiffs' motion.

The bankruptcy court kept the Case open during the pendency of the
appeal.

"Because this Court's decision in the [adversary proceeding]
(which prompted the reopening of the Case in the first place) is
now final (given the Plaintiffs' voluntary dismissal of the appeal
pending in the Fifth Circuit), there is no reason for the Case to
remain open on this Court's docket.  The Clerk of the Court is
directed to reclose the Case as soon as practicable," Judge Houser
said.

A copy of the Court's August 20, 2014 Memorandum Opinion and Order
is available at http://is.gd/BRUth7from Leagle.com.

                        About Superior Air

Superior Air Parts, Inc. is a Texas corporation with its offices
and operating facilities located in Coppell, Dallas County, Texas.
It was founded in 1967 in order to supply the United States Air
Force and commercial customers with replacement parts for piston
powered aircraft engines.  Superior is one of the largest
suppliers of parts under Federal Aviation Administration's  Parts
Manufacturer Approval regulations for piston engines.  It provides
Superior-brand parts for engines created by two primary original
equipment manufacturers, the Continental division of Teledyne,
Inc. and the Lycoming division of Textron Inc. Its customers are
companies that perform maintenance and overhaul work in the
general aviation industry.  Superior is also an OEM for the 180-
horsepower Vantage Engine and owner-built XM-360 engines for
various aircraft companies.

In 2006, 100% of the ownership interests of Superior was acquired
by Thielert, AG, a German corporation based out of Hamburg,
Germany. Also in 2006, Thielert purchased the debt of Superior's
senior secured lender and subordinated lenders secured by
substantially all of the Debtor's assets.

Superior Air Parts filed for Chapter 11 on Dec. 31, 2008 (Bankr. ,
N.D. Tex., Case No. 08-36705).  Judge Barbara J. Houser handles
the case.  The Debtor's counsel is Stephen A. Roberts, Esq., at
Strasburger & Price, LLP, in Austin Texas.  In its bankruptcy
petition, the Debtor estimated assets and debts of $10 million to
$50 million each.

The Debtor's Third Amended Plan of Reorganization, filed jointly
by the Debtor and the Official Committee of Unsecured Creditors,
was confirmed by Order entered on Aug. 27, 2009.  Essentially,
creditors were paid, the stock of the reorganized Superior was
sold to the Brantly Group, and Superior's pre-bankruptcy equity
interests were cancelled.  The Plan went effective on Sept. 28,
2009.  After a series of claims objections and professional fee
applications were determined, Superior filed its application for a
final decree, which was granted on Sept. 23, 2010, and Superior's
bankruptcy case was closed.


SUTOR TECHNOLOGY: Receives NASDAQ Listing Non-Compliance Notice
---------------------------------------------------------------
Sutor Technology Group Limited on Aug. 12 disclosed that on
August 8, 2014 it received a letter from the staff of the Listing
Qualification of the NASDAQ Stock Market LLC, indicating that the
Company is not in compliance with the $1.00 minimum closing bid
price requirement under the NASDAQ Listing Rules.

The Listing Rules require listed securities to maintain a minimum
bid price of $1.00 per share.  If a NASDAQ-listed company trades
below the minimum bid price requirement for 30 consecutive
business days, it will be notified of the deficiency.  Based upon
the Staff's review, the Company no longer meets this requirement.
However, the Listing Rules provide the Company with a compliance
period of 180 calendar days, or until February 4, 2015 in which to
regain compliance with this requirement.

To regain compliance with the minimum bid price requirement, the
Company must have a closing bid price of $1.00 per share or more
for a minimum of ten consecutive business days during this
compliance period.

In the event that the Company does not regain compliance within
this period, it may be eligible for additional time to regain
compliance by satisfying certain requirements.  However, if it
appears to the Staff that the Company will not be able to cure the
deficiency, or if the Company is otherwise not eligible, the Staff
will notify the Company that its securities will be delisted from
the NASDAQ Capital Market.  However, the Company may still appeal
the Staff's determination to delist its securities to a Hearing
Panel.  During any appeal process, the Company's common stock
would continue to trade on the NASDAQ Capital Market.

The NASDAQ notification letter has no immediate effect on the
listing or trading of the Company's common stock on the NASDAQ
Capital Market.  The Company is currently looking at all of the
options available with respect to regaining such compliance.

             About Sutor Technology Group Limited

Sutor -- http://www.sutorcn.com/-- is a China-based manufacturer
and distributor of high-end fine finished steel products used by a
variety of downstream applications.  The Company utilizes a
variety of in-house developed processes and technologies to
convert steel manufactured by third parties into fine finished
steel products, including hot-dip galvanized steel, pre-painted
galvanized steel, acid-pickled steel, cold-rolled steel and welded
steel pipe products.


TRIPLE POINT: S&P Lowers CCR to 'B-' on Poor License Sales
----------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Westport, Conn.-based Triple Point Group Holdings Inc.
to 'B-' from 'B'.  The outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's first-lien senior secured credit facilities to 'B-' from
'B'; the '3' recovery rating is unchanged and indicates S&P's
expectation for meaningful recovery (50% to 70%) in the event of
payment default.  S&P also lowered its issue-level rating on the
company's second-lien term loan to 'CCC' from 'CCC+'; the '6'
recovery rating is unchanged and indicates S&P's expectation for
negligible recovery (0% to 10%) in the event of payment default.

"The downgrade reflects the lack of meaningful license revenue
during the first half of 2014, much lower than we had
anticipated," said Standard & Poor's credit analyst Christian
Frank.

As a result, Standard & Poor's adjusted leverage was above 11x at
June 30, 2014 (excluding pro forma adjustments for cost
reductions); however, free operating cash flow (FOCF) was positive
and liquidity was adequate as a result of significant cost
reductions implemented in 2013.  The negative outlook reflects
S&P's view that it could lower the rating if the company does not
improve sales execution such that leverage remains above 10x over
the next 12 months or FOCF turns negative.

The negative outlook reflects S&P's view that continued minimal
license sales could lead to lower ratings over the next 12 months.

S&P could lower the rating if Triple Point cannot deliver
materially improved license sales such that leverage remains above
10x on a sustained basis or FOCF turns negative.

S&P could revise the outlook to stable if the company delivers
annual license sales approaching $20 million resulting in leverage
declining to the 9x area and positive FOCF.


UNI-PIXEL INC: Appoints Malcolm Thompson to Board of Directors
--------------------------------------------------------------
UniPixel, Inc., has appointed Malcolm J. Thompson, Ph.D., as an
independent member to its board of directors.  His appointment
brings the total number of directors to eight, with seven serving
independently.

Dr. Thompson is a recognized technology pioneer and with extensive
experience with early-stage, high-tech companies.  He brings more
than 25 years of executive experience in electronic and optical
materials, imaging, displays, solar cells, semiconductors,
manufacturing equipment and flexible printed electronics
technologies.

"Dr. Thompson's extraordinary career and extensive tech industry
experience, particularly as it relates to performance engineered
films, makes him particularly well-qualified to join our board of
directors," said Bernard Marren, UniPixel's chairman.  "We expect
him to provide valuable insights and guidance as UniPixel advances
towards commercialization of its InTouch SensorsTM."

Dr. Thompson is founder and CEO of the Nano-Bio Manufacturing
Consortium, which receives funding from the U.S. Air Force to
develop next generation, real-time human performance monitoring
using flexible electronics.  He is also president of MJT
Associates, which provides high-tech business and technology
consulting.  Before MJT, he served as chairman and CEO of RPO, a
multinational company that developed a revolutionary new touch
technology for LCD displays, and was president and CEO of Novalux,
a developer of vertically emitting semiconducting lasers.

Dr. Thompson has also served as chairman of Photon Dynamics, a
manufacturer of test, repair, and inspection equipment for the
flat panel display industry, as well as on the board of Cambridge
Display Technology, a developer of Polymer Organic Light Emitting
Diode (P-OLED) display technology.  Dr. Thompson was the founder
and chairman of the board of USDC (now FlexTech Alliance), a
consortium of 140 companies developing manufacturing
infrastructure for flat panel displays, and currently a board
member.

Earlier in his career, Dr. Thompson rose through the ranks at
Xerox Palo Alto Research Center (PARC), lastly serving as chief
technologist and responsible for the advanced development and
commercialization of revolutionary new imaging systems.  His team
produced the first desktop high resolution TFT LCD, with the
technology used to develop one of the first digital X-ray systems.
Dr. Thompson spun out this research and development activity as
the founder, president and CEO of dpiX, the world's leading source
for high-resolution amorphous silicon (a-Si) sensor arrays for
digital imaging, now owned by Philips, Thomson, Varian and
Siemens.

Dr. Thompson has received numerous prestigious awards, and was
appointed a Technology Pioneer at the World Economic Forum.  He
received his Bachelor of Science and Ph.D. in Applied Physics from
Brighton University in the UK, and has taught at the University of
Sheffield as a senior lecturer in the Department of Electronic and
Electrical Engineering.

                        About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company
delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel reported a net loss of $15.18 million in 2013, a net
loss of $9.01 million in 2012 and a net loss of $8.56 million in
2011.  As of June 30, 2014, the Company had $44.40 million in
total assets, $5.60 million in total liabilities and $38.80
million in total shareholder's equity.


USEC INC: Funding Under ACTDO Agreement Increased by $6.7MM
-----------------------------------------------------------
USEC Inc. on August 18, 2014, entered into Amendment No. 007 to
the agreement dated May 1, 2014 with UT-Battelle, LLC, as operator
of Oak Ridge National Laboratory, for continued research,
development and demonstration of the American Centrifuge
technology in furtherance of the U.S. Department of Energy's
national security objectives -- American Centrifuge Technology
Demonstration and Operations Agreement or ACTDO Agreement.

Amendment No. 007 amends the ACTDO Agreement to provide for
additional funds of approximately $6.7 million, bringing total
funding to approximately $33.7 million. The other terms and
conditions of the ACTDO Agreement were not changed by the
Amendment.

The ACTDO Agreement provides for continued cascade operations, the
continuation of core American Centrifuge research and technology
activities, and the furnishing of related reports to ORNL. The
agreement is a firm fixed-price contract with a total price of
approximately $75.3 million for the period from May 1, 2014 to
March 31, 2015. The agreement provides for payments of
approximately $6.7 million per month through September 30, 2014
and approximately $6.9 million thereafter. The ACTDO Agreement is
incrementally funded. Funds currently allocated to the ACTDO
Agreement are expected to cover the work to be performed through
September 30, 2014. The agreement also provides ORNL with one
additional option to extend the agreement by six months to
September 30, 2015. The option is priced at approximately $41.7
million. ORNL may exercise its option by providing notice 60 days
prior to the end of the term of the agreement. The total price of
the contract including options is approximately $117 million.

                        About USEC Inc.

USEC Inc. filed a Chapter 11 bankruptcy petition (Bank. D. Del.
Case No. 14-10475) on March 5, 2014.  John R. Castellano signed
the petition as chief restructuring officer.  The Hon. Christopher
S. Sontchi presides over the case.

D. J. Baker, Esq., Rosalie Walker Gray, Esq., Adam S. Ravin, Esq.,
and Annemarie V. Reilly, Esq., at Latham & Watkins LLP, serve as
the Debtor's general counsel.  Amanda R. Steele, Esq., Mark D.
Collins, Esq., and Michael J. Merchant, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtor's Delaware counsel.  Vinson &
Elkins is the Debtor's special counsel.  Lazard Freres & Co. LLC
acts as the Debtor's investment banker.  AP Services, LLC,
provides management services to the Debtor.  Logan & Company Inc.
serves as the Debtor's claims and noticing agent.  Deloitte Tax
LLP are the Debtor's tax professionals.  The Debtor's independent
auditor is PricewaterhouseCoopers LLP.  KPMG LLP provides fresh
start accounting services to the Debtors.

                          *     *     *

The Court approved the disclosure statement explaining USEC Inc.'s
plan of reorganization on July 7, 2014.  The Confirmation Hearing
is scheduled for Sept. 5, 2014, at 1:00 p.m. (Eastern time).
The Plan Objection Deadline was Aug. 22, and the deadline for
filing a reply to objections to confirmation of the Plan, if any,
is Sept. 2.


UTSTARCOM INC: Himanshu Shah Reports 28.3% Equity Stake
-------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Himanshu H. Shah and his affiliates disclosed
that as of Aug. 21, 2014, they beneficially owned 10,605,169
shares of common stock of UTStarcom Holdings Corp representing
28.34 percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/dZu2ur

                        About UTStarcom, Inc.

UTStarcom, Inc. (Nasdaq: UTSI) -- http://www.utstar.com/-- is a
global leader in IP-based, end-to-end networking solutions and
international service and support.  The Company sells its
solutions to operators in both emerging and established
telecommunications markets around the world.  UTStarcom enables
its customers to rapidly deploy revenue-generating access services
using their existing infrastructure, while providing a migration
path to cost-efficient, end-to-end IP networks.  The Company's
headquarters are currently in Alameda, California, with its
research and design operations primarily in China.

UTStarcom Holdings incurred a net loss of $22.73 million in 2013
and a net loss of $35.57 million in 2012.

As of June 30, 2014, the Company had $326.56 million in total
assets, $186.21 million in total liabilities and $140.35 million
in total equity.

"We have a history of operating losses and may not have sufficient
liquidity to execute our business plan or to continue our
operations without obtaining additional funding or selling
additional securities.  We may not be able to obtain additional
funding under commercially reasonable terms or issue additional
securities," the Company said in the Annual Report for the year
ended Dec. 31, 2013.


VERMILLION INC: Names VP of Sales and Managed Markets
-----------------------------------------------------
Vermillion, Inc., has appointed Holly B. Bauzon as vice president
of sales and managed markets.

Ms. Bauzon has a proven track record in both increasing sales
traction and expanding payer coverage for laboratory services
companies.  She has more than 20 years of healthcare experience,
most recently with PerkinElmer, Inc., where she held the position
of Director, Lab Services Sales and Managed Markets.

"We are excited to bring Holly's skills and experience to bear on
our stated goals of accelerating the adoption of OVA1 and
expanding our payer base," said James LaFrance, Vermillion's
Chairman, president and chief executive officer.  "Holly did just
that with PerkinElmer where she grew prenatal revenue and
established 280 new contracts with payers - including key national
payers."

Prior to her seven year tenure at PerkinElmer, Ms. Bauzon held
commercial management and payer relations positions at PolyMedica
Corporation, National Diabetic Pharmacies, Inc. and Byram
Healthcare, Inc.  Ms. Bauzon has a Bachelor of Science degree in
Health Science from East Stroudsburg University.

The Company will pay Ms. Bauzon an annual base salary of $250,000.
In addition, Ms. Bauzon will be eligible for a bonus of up to 40%
of her base salary for achievement of reasonable Company and
individual performance-related goals to be defined by the
Company's chief executive officer or Board of Directors.

                          About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 on March 30, 2009 (Bankr. D. Del.
Case No. 09-11091).  Vermillion's legal advisor in connection with
its successful reorganization efforts was Paul, Hastings,
Janofsky & Walker LLP.  Vermillion emerged from bankruptcy in
January 2010.  The Plan called for the Company to pay all claims
in full and equity holders to retain control of the Company.

Vermillion incurred a net loss of $8.81 million in 2013, a net
loss of $7.14 million in 2012 and a net loss of $17.79 million in
2011.  As of March 31, 2014, the Company had $27.27 million in
total assets, $4.34 million in total liabilities and $22.92
million in total stockholders' equity.


WPCS INTERNATIONAL: Marcum LLP Raises Going Concern Doubt
---------------------------------------------------------
WPCS International Incorporated reported a net loss of
$11.05 million on $21.26 million of revenue for the fiscal year
ended April 30, 2014, compared with a net loss of $6.81 million on
$24.77 million of revenue in 2013.

Marcum LLP expressed substantial doubt about the Company's ability
to continue as a going concern, citing that the Company has
incurred significant losses and needs to raise additional funds to
meet its obligations and sustain its operations.

The Company's balance sheet at April 30, 2014, showed $22.02
million in total assets, $16.05 million in total liabilities and
stockholders' equity of $5.97 million.

A copy of the Form 10-K filed with the U.S. Securities and
Exchange Commission on July 30, 2014, is available at:

                       http://is.gd/EgWLzG

              About WPCS International Incorporated

WPCS -- http://www.wpcs.com-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

As reported by the TCR on Feb. 7, 2014, WPCS appointed Marcum LLP
as its new independent registered public accounting firm.
CohnReznick LLP resigned on Dec. 20, 2013.

The Company's former auditors, CohnReznick LLP, in Roseland, New
Jersey, expressed substantial doubt about WPCS International's
ability to continue as a going concern following the annual report
for the year ended April 30, 2013.  The independent auditors noted
that the Company has incurred net losses and negative cash flows
from operating activities, had a working capital deficiency as of
and for the years ended April 30, 2013, and 2012, and has an
accumulated deficit as of April 30, 2013.

As of Jan. 31, 2014, the Company had $22.37 million in total
assets, $15.18 million in total liabilities and $7.19 million in
total equity.

"At January 31, 2014, the Company has losses from operations, and
has outstanding balances due to its former surety under a
forbearance agreement of $1,533,757.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.  The financial statements do not include any
adjustments to the carrying amount and classification of recorded
assets and liabilities should the Company be unable to continue
operations.  Management's plans are to continue to raise
additional funds through the sales of debt or equity securities.
There is no assurance that additional financing will be available
when needed or that management will be able to obtain financing on
terms acceptable to the Company and whether the Company will
become profitable and generate positive operating cash flow.  If
the Company is unable to raise sufficient additional funds, it
will have to develop and implement a plan to further extend
payables and reduce overhead until sufficient additional capital
is raised to support further operations.  There can be no
assurance that such a plan will be successful," the Company stated
in its quarterly report for the period ended Jan. 31, 2014.


* US Insurers Profits Decline on Weaker ReFi Volume, Fitch Says
---------------------------------------------------------------
The U.S. title insurance industry reported declines in title
operating revenues and profits for first-half 2014 as the industry
continued to deal with lower mortgage refinancing volumes.  Harsh
winter weather and higher interest rates in the first quarter also
contributed to lower mortgage and real estate market activity over
the first six months of 2014, according to Fitch Ratings.

The four largest U.S. title insurers reported a combined 12%
decline in title operating revenues in first-half 2014 versus the
same six-month period one year prior.  While title orders opened
during second-quarter 2014 declined 19% year over year, revenue
per order expanded due to strength in purchase and commercial
activity, as well as rising home values.

The group's combined ratio rose 4.5pp to 98.1% during first-half
2014.  First American Financial Corp. was the only company to post
a lower combined ratio due to sharp reductions in adverse-loss
reserve development.  While title insurers' expense structures are
now better positioned to withstand cyclical declines, underwriting
weakness was tied to rising expense ratios.

One positive trend in first-half 2014 was an improved loss ratio
for all four major title insurers, due primarily to continued
underwriting improvement and reduced strain on operating capacity.
Loss development from prior underwriting periods has also
diminished considerably but remains a focus point.

The deterioration in underwriting performance drove the group's
reported GAAP pretax title operating margin to 6.1% for first-half
2014, compared to 10.3% for the same period in 2013.  Besides the
deterioration in revenues and underwriting profits, recent results
for the market in aggregate were negatively affected by one-time
acquisition-related expenses incurred by industry leader Fidelity
National Financial, Inc.

Weaker market fundamentals will continue to restrict the potential
for future revenue growth and profit margin expansion.  Mortgage
originations continue to fall due to reduced refinancing activity.
While commercial activity remains robust, it is unlikely to fully
offset other unfavorable trends.  Disciplined expense management
and continued favorable commercial market activity will be
important contributors to industry profitability in second-half
2014.


* Hedge Funds Sue to Get Argentine Bond Payment in London
---------------------------------------------------------
Alexandra Stevenson, writing for The New York Times' DealBook,
reported that a group of hedge funds, including George Soros's
Quantum Partners and J. Kyle Bass's Hayman Capital, is seeking a
226 million euro interest payment on Argentine bonds from Bank of
New York Mellon that was blocked by a United States judge last
month.  According to the report, in a lawsuit filed in London
against Bank of New York, the trustee handling Argentina's bond
payments, the hedge funds contend that the bank's London unit must
release money that was deposited by Argentina for its euro-
denominated bondholders.  The money was part of a $539 million
interest payment that Judge Thomas P. Griesa of the Federal
District Court in Manhattan prevented the trustee from paying last
month, the report related.


* Large Companies With Insolvent Balance Sheet
----------------------------------------------

                                                Total
                                               Share-      Total
                                     Total   Holders'    Working
                                    Assets     Equity    Capital
  Company          Ticker             ($MM)      ($MM)      ($MM)
  -------          ------           ------   --------    -------
ABSOLUTE SOFTWRE   OU1 GR            118.9       (8.4)       1.0
ABSOLUTE SOFTWRE   ALSWF US          118.9       (8.4)       1.0
ABSOLUTE SOFTWRE   ABT CN            118.9       (8.4)       1.0
ADVANCED EMISSIO   OXQ1 GR           106.4      (46.1)     (15.3)
ADVANCED EMISSIO   ADES US           106.4      (46.1)     (15.3)
ADVENT SOFTWARE    AXQ GR            452.2      (86.0)     (99.3)
ADVENT SOFTWARE    ADVS US           452.2      (86.0)     (99.3)
AEMETIS INC        DW51 GR            99.4       (4.2)     (14.6)
AEMETIS INC        AMTX US            99.4       (4.2)     (14.6)
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 A    ADH TH         10,522.0   (1,822.0)    (226.0)
AIR CANADA-CL A    ADH GR         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)
ALLIANCE HEALTHC   AIQ US            468.1     (131.0)      59.7
AMC NETWORKS-A     9AC GR          3,685.9     (396.1)     689.3
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         3A0 GR            236.8     (112.5)      33.5
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 TH            128.4      (36.6)     (54.9)
ANGIE'S LIST INC   8AL GR            128.4      (36.6)     (54.9)
ARRAY BIOPHARMA    ARRY US           139.1      (25.7)      68.9
ASPEN AEROGELS I   AP1 GR             88.2      (80.7)      (5.2)
ASPEN AEROGELS I   ASPN US            88.2      (80.7)      (5.2)
AUTOZONE INC       AZO US          7,371.8   (1,808.2)  (1,016.1)
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)
AVALANCHE BIOTEC   AAVL US             1.1       (0.7)      (0.9)
AVALANCHE BIOTEC   AVU GR              1.1       (0.7)      (0.9)
BENEFITFOCUS INC   BNFT US           141.0      (14.6)      52.3
BENEFITFOCUS INC   BTF GR            141.0      (14.6)      52.3
BERRY PLASTICS G   BERY US         5,419.0     (118.0)     654.0
BERRY PLASTICS G   BP0 GR          5,419.0     (118.0)     654.0
BRP INC/CA-SUB V   DOO CN          2,019.7      (17.0)     172.7
BRP INC/CA-SUB V   BRPIF US        2,019.7      (17.0)     172.7
BRP INC/CA-SUB V   B15A GR         2,019.7      (17.0)     172.7
BURLINGTON STORE   BURL US         2,547.8     (136.3)     124.8
BURLINGTON STORE   BUI GR          2,547.8     (136.3)     124.8
CABLEVISION SY-A   CVC US          6,701.1   (5,133.2)     338.4
CABLEVISION SY-A   CVY GR          6,701.1   (5,133.2)     338.4
CABLEVISION-W/I    CVC-W US        6,701.1   (5,133.2)     338.4
CABLEVISION-W/I    8441293Q 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)       -
CALLIDUS CAPITAL   CBL CN            444.5       (4.3)       -
CAPMARK FINANCIA   CPMK US        20,085.1     (933.1)       -
CASELLA WASTE      CWST US           649.9       (8.5)     (18.9)
CATALENT INC       CTLT US         3,041.6     (387.0)     268.2
CATALENT INC       0C8 GR          3,041.6     (387.0)     268.2
CATALENT INC       0C8 TH          3,041.6     (387.0)     268.2
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          1,202.6     (548.6)     162.3
CHOICE HOTELS      CZH GR            628.4     (412.5)     184.3
CHOICE HOTELS      CHH US            628.4     (412.5)     184.3
CIENA CORP         CIE1 TH         1,795.5      (80.8)     641.3
CIENA CORP         CIE1 GR         1,795.5      (80.8)     641.3
CIENA CORP         CIEN US         1,795.5      (80.8)     641.3
CIENA CORP         CIEN TE         1,795.5      (80.8)     641.3
CINCINNATI BELL    CBB US          2,176.9     (556.0)     337.7
CROWN BAUS CAPIT   CBCAE US            0.0       (0.0)      (0.0)
DENNY'S CORP       DE8 GR            284.2       (0.0)     (21.5)
DENNY'S CORP       DENN US           284.2       (0.0)     (21.5)
DEX MEDIA INC      DXM US          2,084.0     (864.0)     139.0
DEX MEDIA INC      9DX GR          2,084.0     (864.0)     139.0
DIRECTV            DTV US         22,126.0   (6,127.0)    (624.0)
DIRECTV            DTV CI         22,126.0   (6,127.0)    (624.0)
DIRECTV            DIG1 GR        22,126.0   (6,127.0)    (624.0)
DOMINO'S PIZZA     DPZ US            495.7   (1,289.7)     105.0
DOMINO'S PIZZA     EZV TH            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)
EMPIRE STATE -ES   ESBA US         1,122.2      (31.6)    (925.9)
EMPIRE STATE-S60   OGCP US         1,122.2      (31.6)    (925.9)
FAIRPOINT COMMUN   FONN GR         1,524.8     (360.6)      20.9
FAIRPOINT COMMUN   FRP US          1,524.8     (360.6)      20.9
FERRELLGAS-LP      FEG GR          1,589.9      (88.9)      89.0
FERRELLGAS-LP      FGP US          1,589.9      (88.9)      89.0
FREESCALE SEMICO   FSL US          3,265.0   (3,728.0)   1,334.0
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
GAMING AND LEISU   2GL GR          2,581.7      (72.9)     (41.1)
GAMING AND LEISU   GLPI US         2,581.7      (72.9)     (41.1)
GENCORP INC        GY US           1,675.6      (49.0)      86.7
GENCORP INC        GCY GR          1,675.6      (49.0)      86.7
GENTIVA HEALTH     GTIV US         1,250.6     (285.7)     112.2
GENTIVA HEALTH     GHT GR          1,250.6     (285.7)     112.2
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         1,327.4     (204.5)      (8.9)
GLOBALSTAR INC     P8S GR          1,327.4     (204.5)      (8.9)
GLORI ENERGY INC   GLRI US             0.1       (0.0)       -
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
HCA HOLDINGS INC   2BH GR         29,822.0   (6,588.0)   2,877.0
HCA HOLDINGS INC   2BH TH         29,822.0   (6,588.0)   2,877.0
HCA HOLDINGS INC   HCA US         29,822.0   (6,588.0)   2,877.0
HD SUPPLY HOLDIN   HDS US          6,552.0     (750.0)   1,446.0
HD SUPPLY HOLDIN   5HD GR          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    HO3 GR          1,838.8     (462.5)   1,122.1
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      I62 GR             35.6       (4.3)     (10.8)
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
INCYTE CORP        ICY TH            679.1     (171.0)     464.6
INFOR US INC       LWSN US         6,515.2     (555.7)    (303.6)
INTERTAIN GROUP    IT CN               0.0       (0.3)      (0.3)
IPCS INC           IPCS US           559.2      (33.0)      72.1
ISTA PHARMACEUTI   ISTA US           124.7      (64.8)       2.2
JUST ENERGY GROU   JE CN           1,511.6     (169.0)     230.1
JUST ENERGY GROU   1JE GR          1,511.6     (169.0)     230.1
JUST ENERGY GROU   JE US           1,511.6     (169.0)     230.1
KINAXIS INC        9KX GR             44.6      (70.4)      (6.4)
KINAXIS INC        KXSCF US           44.6      (70.4)      (6.4)
KINAXIS INC        KXS CN             44.6      (70.4)      (6.4)
L BRANDS INC       LTD TH          6,663.0     (609.0)   1,070.0
L BRANDS INC       LTD GR          6,663.0     (609.0)   1,070.0
L BRANDS INC       LB US           6,663.0     (609.0)   1,070.0
LEAP WIRELESS      LEAP US         4,662.9     (125.1)     346.9
LEAP WIRELESS      LWI TH          4,662.9     (125.1)     346.9
LEAP WIRELESS      LWI GR          4,662.9     (125.1)     346.9
LEE ENTERPRISES    LEE US            828.2     (165.0)     (26.0)
LORILLARD INC      LLV TH          2,893.0   (2,228.0)     900.0
LORILLARD INC      LO US           2,893.0   (2,228.0)     900.0
LORILLARD INC      LLV GR          2,893.0   (2,228.0)     900.0
LUMENPULSE INC     LMPLF US           29.4      (38.4)       3.5
LUMENPULSE INC     0L6 GR             29.4      (38.4)       3.5
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 TH          6,830.0   (1,720.0)  (1,153.0)
MARRIOTT INTL-A    MAQ GR          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     MDCA US         1,685.0      (87.5)    (228.9)
MDC PARTNERS-A     MDZ/A CN        1,685.0      (87.5)    (228.9)
MDC PARTNERS-A     MD7A GR         1,685.0      (87.5)    (228.9)
MERITOR INC        AID1 GR         2,810.0     (527.0)     373.0
MERITOR INC        MTOR US         2,810.0     (527.0)     373.0
MERRIMACK PHARMA   MACK US           129.8      (77.1)      13.0
MERRIMACK PHARMA   MP6 GR            129.8      (77.1)      13.0
MICHAELS COS INC   MIM GR          1,716.0   (2,734.0)     493.0
MICHAELS COS INC   MIK US          1,716.0   (2,734.0)     493.0
MONEYGRAM INTERN   MGI US          4,784.5     (142.0)     119.2
MORGANS HOTEL GR   MHGC US           684.8     (211.2)     124.9
MORGANS HOTEL GR   M1U GR            684.8     (211.2)     124.9
MOXIAN CHINA INC   MOXC US             0.0       (0.0)      (0.0)
MPG OFFICE TRUST   1052394D US     1,280.0     (437.3)       -
NATIONAL CINEMED   XWM GR          1,005.2     (188.3)      79.1
NATIONAL CINEMED   NCMI US         1,005.2     (188.3)      79.1
NAVISTAR INTL      IHR TH          7,727.0   (4,072.0)   1,070.0
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
NEKTAR THERAPEUT   ITH GR            478.1      (35.4)     213.9
NEKTAR THERAPEUT   NKTR US           478.1      (35.4)     213.9
NORTHWEST BIO      NBYA GR            12.5      (31.1)     (31.2)
NORTHWEST BIO      NWBO US            12.5      (31.1)     (31.2)
NYMOX PHARMACEUT   NYMX US             0.8       (5.8)      (4.0)
OMEGA COMMERCIAL   OCFN US             0.3       (2.7)      (3.0)
OMEROS CORP        3O8 GR             41.0      (10.6)      26.8
OMEROS CORP        OMER US            41.0      (10.6)      26.8
OMTHERA PHARMACE   OMTH US            18.3       (8.5)     (12.0)
OPOWER INC         38O TH             63.1       (6.3)     (11.9)
OPOWER INC         38O GR             63.1       (6.3)     (11.9)
OPOWER INC         OPWR US            63.1       (6.3)     (11.9)
PALM INC           PALM US         1,007.2       (6.2)     141.7
PHIBRO ANIMAL HE   PAHC LN           473.3      (78.7)     177.3
PHIBRO ANIMAL HE   PAO GR            473.3      (78.7)     177.3
PHIBRO ANIMAL HE   PAO EU            473.3      (78.7)     177.3
PHIBRO ANIMAL-A    PB8 GR            473.3      (78.7)     177.3
PHIBRO ANIMAL-A    PAHC US           473.3      (78.7)     177.3
PHILIP MORRIS IN   PM1 TE         36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN   PM1CHF EU      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   PM US          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   4I1 GR         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   PM FP          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
PLY GEM HOLDINGS   PG6 GR          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           445.6      (35.6)     115.6
QUALITY DISTRIBU   QDZ GR            445.6      (35.6)     115.6
QUINTILES TRANSN   Q US            2,978.6     (621.6)     511.6
QUINTILES TRANSN   QTS GR          2,978.6     (621.6)     511.6
RADIUS HEALTH IN   RDUS US            12.8      (24.5)     (22.7)
RADIUS HEALTH IN   1R8 GR             12.8      (24.5)     (22.7)
RADNET INC         RDNT US           737.2       (9.3)      61.4
RADNET INC         PQI GR            737.2       (9.3)      61.4
REGAL ENTERTAI-A   RETA GR         2,675.7     (750.5)      26.2
REGAL ENTERTAI-A   RGC US          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
REVLON INC-A       RVL1 GR         1,938.7     (571.8)     275.3
REVLON INC-A       REV US          1,938.7     (571.8)     275.3
RITE AID CORP      RTA GR          6,946.5   (2,046.4)   1,643.0
RITE AID CORP      RAD US          6,946.5   (2,046.4)   1,643.0
RITE AID CORP      RTA TH          6,946.5   (2,046.4)   1,643.0
ROCKWELL MEDICAL   RMTI US            25.9       (3.9)       6.4
ROCKWELL MEDICAL   RWM GR             25.9       (3.9)       6.4
RURAL/METRO CORP   RURL US           303.7      (92.1)      72.4
RYERSON HOLDING    RYI US          1,989.5     (114.5)     754.6
RYERSON HOLDING    7RY GR          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   SVW GR          5,197.0     (369.0)     240.0
SERVICEMASTER GL   SERV US         5,197.0     (369.0)     240.0
SILVER SPRING NE   SSNI US           534.3     (111.7)      83.2
SILVER SPRING NE   9SI TH            534.3     (111.7)      83.2
SILVER SPRING NE   9SI GR            534.3     (111.7)      83.2
SIRIUS XM CANADA   SIICF US          409.2      (78.8)    (157.0)
SIRIUS XM CANADA   XSR CN            409.2      (78.8)    (157.0)
SPORTSMAN'S WARE   SPWH US           272.7      (52.1)      75.1
SPORTSMAN'S WARE   06S GR            272.7      (52.1)      75.1
SUNGAME CORP       SGMZE US            2.2       (3.6)      (3.9)
SUPERVALU INC      SJ1 GR          4,354.0     (682.0)     106.0
SUPERVALU INC      SVU* MM         4,354.0     (682.0)     106.0
SUPERVALU INC      SVU US          4,354.0     (682.0)     106.0
SUPERVALU INC      SJ1 TH          4,354.0     (682.0)     106.0
THERAVANCE         THRX US           605.6     (187.5)     303.2
THERAVANCE         HVE GR            605.6     (187.5)     303.2
THRESHOLD PHARMA   NZW1 GR            84.2      (28.3)      42.8
THRESHOLD PHARMA   THLD US            84.2      (28.3)      42.8
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   TN3 GR          1,340.4      (46.1)      93.8
TRINET GROUP INC   TNETEUR EU      1,340.4      (46.1)      93.8
TRINET GROUP INC   TNET US         1,340.4      (46.1)      93.8
TRUPANION INC      TPW GR             49.0       (5.5)       7.2
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        UISCHF EU       2,336.1     (628.5)     369.7
UNISYS CORP        UIS1 SW         2,336.1     (628.5)     369.7
UNISYS CORP        USY1 GR         2,336.1     (628.5)     369.7
UNISYS CORP        UISEUR EU       2,336.1     (628.5)     369.7
UNISYS CORP        USY1 TH         2,336.1     (628.5)     369.7
UNISYS CORP        UIS US          2,336.1     (628.5)     369.7
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       VRSN US         2,322.6     (632.9)    (246.0)
VERISIGN INC       VRS GR          2,322.6     (632.9)    (246.0)
VERISIGN INC       VRS TH          2,322.6     (632.9)    (246.0)
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 TH          1,526.4   (1,397.9)      13.8
WEIGHT WATCHERS    WW6 GR          1,526.4   (1,397.9)      13.8
WEST CORP          WSTC US         3,876.0     (672.7)     264.3
WEST CORP          WT2 GR          3,876.0     (672.7)     264.3
WESTMORELAND COA   WLB US          1,583.7     (260.6)      50.8
WESTMORELAND COA   WME GR          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
XOMA CORP          XOMA TH            89.9       (7.6)      45.9
XOMA CORP          XOMA GR            89.9       (7.6)      45.9
XOMA CORP          XOMA US            89.9       (7.6)      45.9
YOUR INTERNET DE   YIDI US             0.0       (0.0)      (0.0)
YRC WORLDWIDE IN   YEL1 GR         2,179.5     (362.4)     201.2
YRC WORLDWIDE IN   YEL1 TH         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 ***