TCR_Public/141008.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Wednesday, October 8, 2014, Vol. 18, No. 280

                            Headlines

1058 SOUTHERN BLVD: Bronx Building Owner Files for Chapter 11
ACCELPATH INC: Posts $2.51-Mil. Loss in FY Ended June 30
ACCURIDE CORP: S&P Affirms 'B-' CCR, Outlook Revised to Stable
ACROPOLIS CO: Voluntary Chapter 11 Case Summary
ACTIVECARE INC: Accepts CEO's Resignation

ADVANZEON SOLUTIONS: Elects Mark Heidt as President and Director
AMEREJUVE INC: Involuntary Chapter 11 Case Summary
AMERICAN APPAREL: Says New Appointments to Bolster Executive Team
AMERICAN INT'L: Blankfein, Dimon Pursued Private Bailout
AOXING PHARMACEUTICAL: Has $8.63-Mil. Loss in FY Ended June 30

APOLLO MEDICAL: Seven Directors Elected at Annual Meeting
ASPEN GROUP: Shareholders Elected 9 Directors
ASR 2401 FOUNTAINVIEW: Court Issues Joint Administration Order
ATLAS ENERGY: Moody's Assigns Caa1 Rating on $50MM Unsecured Debt
ATLS ACQUISITION: Proposes Nov. 24 Admin. Claims Bar Date

AXESSTEL INC: Dragon Group Reports 5.6% Stake as of Sept. 24
BANK OF THE CAROLINAS: Annual Meeting Set for Dec. 4
BON-TON STORES: Appoints New Member to Board of Directors
BROWN MEDICAL: Trustee's Plan of Liquidation Confirmed
BROWN MEDICAL: PenChecks Approved as 401K Plan Processor

BROWN MEDICAL: Trustee Taps More Porter Hedges Personnel
BUCCANEER RESOURCES: Gets Final Approval to Use Cash Collateral
CAMARILLO PLAZA: Wants Final Decree Closing Reorganization Case
CASELLA WASTE: S&P Lowers Issuer Rating on Revenue Bond to B+
CASH STORE: Issues Default Status Report Per National Policy

CITIZENS PARKWAY: Case Summary & 5 Largest Unsecured Creditors
COMMUNITYONE BANCORP: To Issue 1.2-Mil. Shares Under 2012 Plan
COMSTOCK MINING: Announces Record September Gold Pours
CONTRAVIR PHARMACEUTICALS: Has $5.28MM Loss in FY Ended June 30
CRS HOLDING: Selling Bluebox to 3S International

CRS HOLDING: Hearing on Kingery Employment Continued to Oct. 16
CRS HOLDING: Court Denies Motion to Obtain Credit
DANA AUTOMOTIVE: Court Rules in Employee Injury Suit
DELTA AIR: S&P Hikes Corp. Credit Rating to 'BB'
ECHO THERAPEUTICS: Comments on Special Meeting Proxy Contest

ENERGY FUTURE: $7B Tax Bill Could Force Company Into Ch. 7
ELBIT IMAGING: Unit Sells Kragujevac Plaza in Serbia for $48.7MM
ELIZABETH SMITH: Stay Doesn't End Entirely After Repeat Filing
EPAZZ INC: Incurs $764,000 Net Loss in Second Quarter
EXIDE TECHNOLOGIES: Esopus Says Fixed Fee Increase Needs Evidence

EXIDE TECHNOLOGIES: Sheppard Mullin Hikes Fees
FIRST NATIONAL: Baker Tilly Is New Accounting Firm
FREMONT HOSPITALITY: Ch.7 Trustee Obtains Summary Judgment
GARLOCK SEALING: Asbestos Claimants Want Access to Internal Docs
GELTECH SOLUTIONS: Posts $7.11-Mil. Loss for FY Ended June 30

GENUTEC BUSINESS: Has Until Dec. 1 to File Plan & Outline
GREAT PLAINS ROYALTY: North Dakota Judge Rules on Asset Dispute
GT ADVANCED: Files for Chapter 11 Bankruptcy in New Hampshire
GT ADVANCED: No Longer Eligible for Inclusion in S&P SmallCap600
GT ADVANCED: Tripp Levi Probing Investors' Potential Claims

GT ADVANCED: Case Summary & 30 Largest Unsecured Creditors
HANOVER INSURANCE: Fitch Affirms BB Rating on 2027 Debentures
HARLON BROOKS: Court Says JPMorgan Lacks Interest in Proceeds
HELIA TEC: Disclosure Statement Approved; Confirmation on Dec. 3
HELLAS COMMUNICATIONS: Wants TPG Capital's Bid to Terminate Order

HIGH MAINTENANCE: Amends Schedules of Assets and Liabilities
HILTON WORLDWIDE: Waldorf Astoria Sale No Impact on Moody's CFR
HRK HOLDINGS: Seeks Additional Regions Bank DIP Financing
HWA PROPERTIES: Case Summary & 2 Unsecured Creditors
IAMGOLD CORP: Moody's Lowers Corporate Family Rating to B1

IBCS MINING: Wants Until Jan. 26 to Assume or Reject Leases
IBCS MINING: Wants Until Jan. 26 to Propose Chapter 11 Plan
IBCS MINING: Wants Removal Period Extended Until Ch. 11 Exit
IBIO INC: Has $3.67-Mil. Net Loss in FY Ended June 30
IHS HOTELS: Case Summary & Largest Unsecured Creditor

IMMUNOCLIN CORP: Reports $996K Net Loss for July 31 Quarter
IMPLANT SCIENCES: Incurs $5.6 Million Net Loss in Q4
INDEX RECOVERY: Files Disclosure Statement on Liquidating Plan
INTERNATIONAL MANUFACTURING: IMG Funding Asks Court to Lift Stay
ISORAY INC: Widens Loss to $5.96-Mil. in Fiscal 2014

JAMES E. WALKER: District Court Won't Reinstate Bankruptcy Case
JOHN MICHAEL LICURSI: $76,047 Added to CB&T Claim, Court Says
JPJ REAL ESTATE: Voluntary Chapter 11 Case Summary
KAZI FOODS: Court Rejects Founder's Discovery Bid in KFC Rift
LEVEL 3 FINANCING: Moody's Rates $1.5MM Sr. Secured Debt '(P)Ba3'

LEVEL 3 FINANCING: Fitch Rates Tranche B 2022 Term Loan 'BB+'
LOFINO PROPERTIES: First Financial Urges Court to Approve Plan
LUNDIN MINING: Moody's Assigns Ba2 Corporate Family Rating
LUNDIN MINING: S&P Assigns 'B+' CCR & Rates $1BB Notes 'B+'
MAUI LAND: To Sell Lipoa Point Property for $19.8 Million

MEGA RV: US Trustee Drops Motion to Dismiss or Convert
MGM RESORTS: Gets CCC OK to Regain 50% Stake in Borgata
MIG LLC: Court Authorizes Use of Cash Collateral
MINT LEASING: Amends 70 Million Shares Prospectus
MINERAL PARK: Evercore OK'd to Also Market Bluefish Assets

MINERAL PARK: Committee, Mohave Bank Oppose Cash Use
MOMENTIVE PERFORMANCE: Taps VRC to Provide Employer Tax Services
MOMENTIVE PERFORMANCE: VRC Approved to Serve as Accountants
MOUNTAIN COUNTRY PARTNERS: Trustee to Sell All Properties
NATCHEZ REGIONAL MEDICAL: Court Confirms Bondholders-Backed Plan

NATIONAL AMUSEMENTS: S&P Affirms B+ CCR & Alters Outlook to Neg
NBTY INC: S&P Cuts Corp. Credit Rating to 'B'
NEW LOUISIANA HOLDINGS: U.S. Trustee Forms Creditors' Committee
NORTHSTAR AEROSPACE: Court Approves Dismissal of Ch. 11 Cases
OCEAN 4660: Case Converted to Chapter 7 Liquidation

PACIFIC SANDS: Incurs $334K Net Loss for FY Ended June 30
PAMA LANE HOLDING: Case Summary & 3 Largest Unsecured Creditors
POSTMEDIA NETWORK: Moody's Affirms B3 Corporate Family Rating
PRIVISION HOLDING: RBSM LLP Replaced Farber Hass as Accountants
PRO MACH GROUP: Moody's Assigns B3 Corp. Family Rating

PROMMIS HOLDINGS: Court Lifts Automatic Stay
PROSPECT PARK: Court OKs Jones Day as Special Counsel
PROVIDENCE SERVICE: S&P Assigns 'B+' Corp. Credit Rating
QUALITY LEASE AND RENTAL: Files for Ch. 11 in Victoria, Texas
RADIOSHACK CORP: Fitch Assigns 'CCC-/RR2' Rating to $250MM Loan

REFCO PUBLIC: Bankruptcy Court Confirms Amended Liquidation Plan
RESEARCH SOLUTIONS: Incurs $1.87-Mil. Loss in FY Ended June 30
REICHHOLD INC: Has Interim OK to Tap $93.6-Mil. in DIP Loans
REICHHOLD INC: Court Issues Joint Administration Order
REICHHOLD INC: Has Authority to Employ Logan & Co as Claims Agent

REICHHOLD INC: Can Pay $2.2-Mil. to Critical Vendors
REICHHOLD INC: Wants Schedules Filing Date Extended to Dec. 15
REICHHOLD INC: Seeks to Employ CDG as Financial Advisor
REVSTONE INDUSTRIES: GM Objects to Release of Segregated Proceeds
RG STEEL: To Recoup $3 Million in Pact With Insurer

RICEBRAN TECHNOLOGIES: Raises $6.3-Mil. From Private Placement
RITE AID: Files Form 10-Q for Second Quarter of Fiscal 2015
RIVER-BLUFF: Touts Plan, Wants Lift Stay Bid Denied
RIVER CITY RENAISSANCE: Oct. 15 Hearing on Asset Sale Procedures
ROBAX LLC: Case Summary & 6 Unsecured Creditors

ROBERT LEWIS: American Express' $67,000 Claim Disallowed
ROSETTA GENOMICS: Annual General Meeting Set for Nov. 5
RUVEN ACEVEDO: Holdover Tenants Have Leases to Halt Foreclosure
SEARS HOLDINGS: Fairholme Provides $25 Million in Funding
SEARS HOLDINGS: To Sell 40MM Sears Canada Shares to Stockholders

SENIAH CORP: Court Reinstates Suit vs. Buckingham Doolittle
SENSUS USA: Moody's Affirms B3 CFR & Revises Outlook to Negative
SEVEN S: Involuntary Ch. 11 Filed; Son Wants Father Ousted
SEVEN S: Petitioning Creditors Want Joint Administration
SINOCOKING COAL: Turns In $990K Profit for FY Ended June 30

TELKONET INC: Obtains $2 Million Loan From Heritage Bank
TERESA GIUDICE: Lands Jail Time for Fraud Charges
TONY'S LONG WHARF: Files for Chapter 11 in Connecticut
TRANS ENERGY: Pleads Guilty to Clean Water Act Violations
TXS UNITED HOUSING: Case Summary & 13 Top Unsecured Creditors

UNIVERSAL COMPUTER: S&P Raises Corp. Credit Rating to 'BB+'
UNIVERSAL COOPERATIVES: Nov. 10 Auction of Minn. Property Set
VENDING MAINTNANCE: Case Summary & 5 Top Unsecured Creditors
VERMILLION INC: Amends Form S-3 Registration Statement
VIGGLE INC: Enhances TV Recognition for Rewards Platform

VISTEON CORP: Balks at Retirees' Attack in Benefits Spat
VISCOUNT SYSTEMS: Issues 21.059 Series A Preferred Shares
VISION INDUSTRIES: Union Capital Reports 9.9% Equity Stake
WEST TEXAS: Taps Edgar Montalvo as Chief Restructuring Officer
WISE METALS: Moody's Puts 'B3' CFR on Review for Upgrade

YELLOWSTONE CLUB: Court Denies Motions for Reconsideration
YMCA OF MILWAUKEE: Hires Wipfli as Auditors & Tax Accountants
ZBB ENERGY: Reports $9.51-Mil. Net Loss in FY Ended June 30
ZOGENIX INC: Submits sNDA Application for Modified Zohydro
ZUFFA LLC: S&P Lowers Corp. Credit Rating to 'BB-'

* K&L Gates Welcomes Former CalPERS General Counsel as Partner


                             *********


1058 SOUTHERN BLVD: Bronx Building Owner Files for Chapter 11
-------------------------------------------------------------
1058 Southern Blvd. Realty Corp., owner and operator of a mixed-
use multi-unit building known as and located at 1054-1058 Southern
Boulevard, 1042 Westchester Avenue, Bronx, New York, sought
bankruptcy protection (Bankr. S.D.N.Y. Case No. 14-12808) in
Manhattan on Oct. 3, 2014.

The property consists of 6 floors, and a basement. The Property is
occupied by approximately 54 residential tenants, and 6 commercial
tenants.  Since in or about April 2013, the property is managed by
Tamrak Management, which is being paid $4,500 per month to handle
day-to-day operations.

The Debtor's Chapter 11 plan and disclosure statement are due Feb.
2, 2015.  The initial case conference is due Nov. 3, 2014.

The case is assigned to Judge Robert E. Gerber.

The Debtor has tapped Gerard R. Luckman, Esq., at
SilvermanAcampora, LLP, in Jericho, New York, as counsel.

Miriam Shasho, president of the Debtor, signed the bankruptcy
petition.

                          Prepetition Debt

As of August 30, 2014, the Debtor's liabilities are approximately
$6.2 million and the Debtor's assets, which are comprised
primarily of the property, have a fair market value in excess of
$12 million.

According to the docket, the Debtor's formal schedules of assets
and liabilities are due Oct. 17, 2014.

On or about May 25, 2006, the Debtor executed a Consolidated and
Restated Mortgage Note and Consolidation, Extension, and
Modification Agreement, affecting the Property, in favor of
Independence Community Bank in the principal amount of $6,800,000.
In connection with the Loan and to secure sums due under the Note,
the Debtor also executed an Assignment of Leases and Rents.  The
Loan was guaranteed by Egal Shasho, Ms. Shasho's late husband.

On May 31, 2011, Ms. Shasho executed a Guarantee Agreement in
favor of Sovereign Bank, successor by merger to Independence
Community Bank, as well as certain documentation requesting the
right to exercise an option to extend the term of the Note and
Mortgage.  Pursuant to a merger, the Loan Documents were assigned
to Sovereign Bank, N.A., as successor by merger to Independent
Community Bank, and Sovereign Bank is now known as Santander Bank,
N.A., which is an assignee of Fannie Mae.

As of July 11, 2014, the Debtor received a "Notice of
Acceleration" from Santander stating, among other things, that due
to certain alleged monetary and non-monetary defaults, the Loan
was accelerated, and the balance due to Santander was $6,026,729.

Pursuant to a "Notice of Loan Sale," dated August 25, 2014, 1056
Southern Debt LLC acquired all rights, title and interest from
Santander in the Loan Documents by a certain Assignment of
Mortgage from Santander to 1056 Southern Debt LLC dated as of
August 25, 2014, and the Debtor is to direct all communications
regarding the Loan to 1056 Southern Debt LLC, c/o The Bluestone
Group (the "Lender").

The Loan has been paid up thru May 2014, and the Lender is due the
payment for the months of June, July, August, and September.

                          Cash Collateral

The Debtor estimates that its cash revenues for the first 30 days
following the Petition Date will be approximately $98,000, and its
cash disbursements will be approximately $40,000.  Accordingly, it
is imperative that the Debtor is authorized to use the cash
generated by the property in the form of rent.  The Debtor intends
to either restructure its business operations and capital
structure, or sell the property in order to emerge from this
chapter 11 case through a confirmed plan.  But, without the
ability to use the rents received from the property to fund its
current operations, any attempt of the Debtor to restructure or to
pursue a sale in this case will be futile.


ACCELPATH INC: Posts $2.51-Mil. Loss in FY Ended June 30
--------------------------------------------------------
AccelPath, Inc., filed with the U.S. Securities and Exchange
Commission on Sept. 29, 2014, its annual report on Form 10-K for
the fiscal year ended June 30, 2014.

John Scrudato CPA expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
had an accumulated deficit at June 30, 2014, a net loss and net
cash used in operating activities for the fiscal year then ended.

The Company reported a net loss of $2.51 million on $216,000 of
revenues for the fiscal year ended June 30, 2014, compared with a
net loss of $1.99 million on $334,616 of sales in the prior year.

The Company's balance sheet at June 30, 2014, showed $1.13 million
in total assets, $2.75 million in total liabilities and a
stockholders' deficit of $1.63 million.

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

                       http://is.gd/NQ5sOr

                         About AccelPath

Gaithersburg, Md.-based AccelPath has two primary businesses:
AccelPath, LLC, and Digipath Solutions, LLC, are in the business
of enabling pathology diagnostics and Technest, Inc. (a 49% owned
subsidiary) is in the business of the design, research and
development, integration, sales and support of three- dimensional
imaging devices and systems.

The Company had a working capital deficit of $2.2 million and a
stockholders' deficit of $504,078 at Sept. 30, 2012.

As reported in the TCR on Oct. 18, 2012, MaloneBailey, LLP, in
Houston, Texas, expressed substantial doubt about AccelPath's
ability to continue as a going concern following their audit of
the Company's financial statements for the year ended June 30,
2012.  The independent auditors noted that the Company has
suffered recurring losses from operations, has negative cash flows
from operations, a stockholders' deficit and a working capital
deficit.


ACCURIDE CORP: S&P Affirms 'B-' CCR, Outlook Revised to Stable
--------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Evansville, Ind.-based commercial vehicle component
supplier Accuride Corp. to stable from negative and affirmed the
'B-' corporate credit rating on the company.

The 'B-' issue-level and '4' recovery ratings on the company's
$310 million senior secured notes due 2018 remain unchanged. The
'4' recovery rating indicates S&P's expectation for average
recovery (30%-50%) in the event of a payment default.

The rating on Accuride reflects S&P's assessment of the company's
financial risk profile. "The company's credit metrics are
stabilizing, and we expect leverage of 5.3x as of year-end 2014
and 5.2x as of year-end 2015," said Standard & Poor's credit
analyst Lawrence Orlowski. "We also expect positive free cash
flow, based on our base-case assumptions, and liquidity of about
$80 million by year end." However, S&P expects free operating cash
flow (FOCF) to debt of less than 5% in 2014 and 2015.

The company's business risk profile reflects the high degree of
cyclicality and intense price competition in the commercial
vehicle industry. Furthermore, although S&P believes the company
is transitioning out of its restructuring phase, it needs to
assess core business performance as commercial vehicle volumes
rise.

The rating outlook is stable. "We assume that Class 8 and 5-7
truck and trailer production in North America will increase by 10%
in 2014. Moreover, the company is realizing benefits from of its
investments over the past two years to strengthen its Wheels
business and fix the Gunite business. We also expect
positive free cash flow generation in 2014," said S&P

"We could raise the rating if Accuride reduces leverage -- as
measured by debt to EBITDA, including our adjustments -- to or
below 5x and produces FOCF to debt of 5% or higher. For example,
we estimate the debt to EBITDA could approach 5x or better if the
company were to expand gross margins (excluding depreciation and
amortization) to 17% or better and revenues rose at least 5%.
Under such a scenario, we could revise our assessment of the
company's financial risk profile to "aggressive" from "highly
leveraged," which could support a one-notch upgrade under our
criteria," said S&P.

"We could lower the rating if total cash plus available revolving
credit falls significantly below $50 million. This could occur if
the U.S. economy were to weaken in 2014 and 2015 and commercial
truck demand declines, if the company loses significant business
from its major customers, or if free cash flow drops below our
expectation and further pressures liquidity. We could lower
the rating if we believed the company would burn $20 million or
more in cash flow in 2014," said S&P.


ACROPOLIS CO: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Acropolis Co.
        13409 NW Military Hwy
        San Antonio, TX 78231

Case No.: 14-52521

Chapter 11 Petition Date: October 6, 2014

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Craig A. Gargotta

Debtor's Counsel: Jesse Blanco, Jr., Esq.
                  JESSE BLANCO ATTORNEY AT LAW
                  PO Box 680875
                  San Antonio, TX 78268
                  Tel: (210) 509-6925
                  Email: jesseblanco@sbcglobal.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Vivian Craig, partner.

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


ACTIVECARE INC: Accepts CEO's Resignation
-----------------------------------------
The Board of Directors of ActiveCare, Inc., accepted David G.
Derrick's resignation as chief executive officer and requested
that Mr. Derrick continue as executive chairman of the Board of
Directors for an indefinite transition period until a permanent
chief executive officer is retained by the Company.  Michael Jones
was named president and interim CEO during the transition period.

                          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.


ADVANZEON SOLUTIONS: Elects Mark Heidt as President and Director
----------------------------------------------------------------
Advanzeon Solutions, Inc., announced that Dr. Mark Heidt has
agreed to join the Company as its new president and accepted his
election to serve on the Company's Board of Directors.

"We actively recruited Dr. Heidt to become the Company's President
and to accept a director's position on the Board because of his
leadership, background, practical savvy and drive to create and
deliver the value promised to our customers and shareholders,"
said Dr. Arnold Finestone, a member of the Company's Board of
Directors and Chairman of its Executive Search Committee.  "As one
of the nation's premier experts in developing superior sales
systems, mass marketing media programs, and recruiting, training
and leading top-sales closing teams, Dr. Heidt brings to the
Company over 35 years of hands-on, front line, technical,
operational, and artistic core competency.  Dr. Heidt is a
nationally-recognized thought leader in designing innovative,
resilient sales and marketing methods that have historically
resulted in generating hundreds of thousands of new customers,
positive cash-flow profits and high-profile branding opportunities
for the industry iconic clients he has served with distinction."

"I am excited and honored to join with a company that is so
uniquely positioned in the right direction and primed to move to
the next level of success," said Dr. Heidt.  "Having worked
closely with the Company, its management and its staff for the
past approximate eight months, I have seen, first hand, the
potential of Advanzeon in our evolving healthcare environment
including its expertise, dedication to quality and its perception
for products needed in the healthcare industry.  I believe its
future is bright, and I am confident that I can assist the Company
in achieving its potential in this new healthcare environment.  I
am particularly excited to work side-by-side with the Company's
leadership team, who truly understands what it takes to implement
the key systems necessary to enable the Company to win in today's
high-tech, ultra-competitive marketing and sales environment.  I
share the Company's belief that developing and strengthening the
Company's brand, infrastructure, abilities to acquire and retain
customer loyalty, and enhancing customer experience is critical in
meeting the Company's objective of delivering value and success to
its customers and shareholders."

Mark Heidt was born in New York City and is an honors graduate of
the Bronx High School of Science.  He earned a dual Bachelor of
Science Degree in Resource Business Management, again with honors,
from Syracuse University, and the State University of New York
College of Environmental Science and Forestry.  He also earned a
Juris Doctorate degree from Stetson University College of Law in
Gulfport, FL.

Dr. Heidt succeeds Mr. Ramon Martinez who resigned as president
and as a member of the Board of Directors for personal reasons.

Also, Mr. Jairo Estrada resigned from the Company's Board of
Directors effective Aug. 31, 2014, for personal reasons.

                     About Advanzeon Solutions

Tampa, Fla.-based Comprehensive Care Corporation, (n/k/a Advanzeon
Solutions) provides managed care services in the behavioral
health, substance abuse, and psychotropic pharmacy management
fields.

Mayer Hoffman McCann P.C., in Clearwater, Florida, 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 suffered recurring losses from operations and
has not generated sufficient cash flows from operations to fund
its working capital requirements.  This raises substantial doubt
about the Company's ability to continue as a going concern.

Comprehensive Care incurred a net loss attributable to common
stockholders of $6.99 million for the year ended Dec. 31, 2012, as
compared with a net loss attributable to common stockholders of
$14.08 million for the year ended Dec. 31, 2011.

As of June 30, 2013, Comprehensive Care had $3.07 million in total
assets, $28.3 million in total liabilities, and a $25.2 million
stockholders' deficiency.


AMEREJUVE INC: Involuntary Chapter 11 Case Summary
--------------------------------------------------
Alleged Debtor: Amerejuve, Inc.
                2500 West Loop South, Suite 360
                Houston, TX 77027

Case Number: 14-35482

Type of Business: Health Care

Involuntary Chapter 11 Petition Date: October 6, 2014

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Petitioner's Counsel: Lionel M Schooler, Esq.
                      JACKSON WALKER LLP
                      1401 McKinney, Ste 1900
                      Houston, TX 77010
                      Tel: 713-752-4200
                      Email: lschooler@jw.com

Alleged Debtor's petitioners:

Petitioners                  Nature of Claim    Claim Amount
-----------                  ---------------  ----------------
Richard K. Vanik             Indemnity        at least $50,000
7777 Southwest Freeway       Obligation
Suite 500
Houston, TX 77074

Molloy Corporation           Trade Payable    at least $8,607
d/b/a PXP Printing
9000 Southwest Freeway
Suite 3200
Houston, TX 77074

Texas Anesthesiology         Trade Payable    at least $17,000
Consultants of Texas PLLC
1075 Kingwood Drive
Suite 150
Kingwood, TX 77339


AMERICAN APPAREL: Says New Appointments to Bolster Executive Team
-----------------------------------------------------------------
American Apparel, Inc., announced the appointment of Scott
Brubaker as interim chief executive officer of the Company and
Hassan Natha as executive vice president and chief financial
officer, effective immediately.

Mr. Brubaker, 43, is a managing director at Alvarez & Marsal, and
replaces John Luttrell as interim CEO.  He received a bachelor's
degree in finance from the University of Illinois and a master's
degree in business administration from the Wharton School at the
University of Pennsylvania, and has served in interim officer and
other advisory roles for several specialty retailers and
manufacturers during his 21 years in the industry.

Mr. Natha, 55, who replaces John Luttrell as CFO, has more than 20
years of experience in finance with both public and private
companies, including service as Chief Financial Officer at Fisher
Communications, Inc., and Jones Soda Company.  He also spent ten
years at Nike's Bauer Nike Hockey, Inc., in various finance and
executive operations roles.  Natha is a Certified Public
Accountant and a Canadian Chartered Professional Accountant.  He
received a bachelor's degree in Commerce from Concordia University
and holds a Graduate Diploma of Public Accountancy from McGill
University.

Allan Mayer, Co-Chairman of the Board, said the appointments of
Brubaker and Natha would bolster the Company's senior executive
team.

"The Board is delighted to welcome Scott Brubaker and Hassan Natha
to American Apparel," Mr. Mayer said.  "We are confident that
their experience and leadership will help the Company achieve its
goals, and we look forward to working with both of them."

John Luttrell, who had been serving as interim chief executive
officer and chief financial officer, had resigned from the
Company.

"We also want to express our gratitude to John Luttrell for his
years of service and many contributions to American Apparel,"
added David Danziger, Co-Chairman of the Board.  "We appreciate
his willingness to serve temporarily as Interim Chief Executive
Officer of the Company and we wish him success in his future
endeavors."

Mr. Brubaker affirmed his support for American Apparel's
sweatshop-free, "Made in USA" manufacturing philosophy and
commitment to maintain the Company's manufacturing headquarters in
Los Angeles.

The Company also announced the promotions of long-time employees
Patricia Honda and Nicolle Gabbay to the positions of President of
Wholesale and President of Retail, respectively.

The Company expects to pay Alvarez & Marsal fees ranging from
$125,000 to $250,000 per month for the services of Mr. Brubaker
and certain other finance and accounting personnel.  Those
services may be terminated at any time by the Company or Alvarez &
Marsal.

In connection with Mr. Natha's appointment as executive vice
president and chief financial officer, the Company and Mr. Natha
entered into an employment agreement pursuant to which Mr. Natha
will serve as the Company's executive vice president and chief
financial officer for an initial term of one year, which term will
automatically extend for successive one-year periods as of each
September 29 (beginning Sept. 29, 2015) unless terminated by the
Company on at least 90 days written notice prior to the expiration
of the then-current term.  The Employment Agreement provides that
Mr. Natha will receive a base salary of $400,000 per year, subject
to increase based on the annual review of the Compensation
Committee.  For a period of one year, Mr. Natha will also be paid
a relocation stipend of $5,000 per month.

                        About American Apparel

Los Angeles, Calif.-based American Apparel, Inc. (NYSE Amex: APP)
-- http://www.americanapparel.com/-- is a vertically integrated
manufacturer, distributor, and retailer of branded fashion basic
apparel.  As of September 2010, American Apparel employed over
10,000 people and operated 278 retail stores in 20 countries,
including the United States, Canada, Mexico, Brazil, United
Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, the
Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan,
South Korea and China.

Amid liquidity problems and declining sales, American Apparel in
early 2011 reportedly tapped law firm Skadden, Arps, Slate,
Meagher & Flom and investment bank Rothschild Inc. for advice on a
restructuring.

In April 2011, American Apparel said it raised $14.9 million in
rescue financing from a group of investors led by Canadian
financier Michael Serruya and private equity firm Delavaco Capital
Corp., allowing the casual clothing retailer to meet obligations
to its lenders for the time being.  Under the deal, the investors
were buying 15.8 million shares of common stock at 90 cents
apiece.  The deal allows the investors to purchase additional
27.4 million shares at the same price.

American Apparel has been in the red as far back as 2010.  The
Company reported a net loss of $106.29 million on $633.94 million
of net sales for the year ended Dec. 31, 2013, as compared with a
net loss of $37.27 million on $617.31 million of net sales for the
year ended Dec. 31, 2012.  American Apparel posted a net loss of
$39.31 million on $547.33 million of net sales for the year ended
Dec. 31, 2011, compared with a net loss of $86.31 million on
$532.98 million of net sales during 2010.  In 2011, American
Apparel announced a restatement of its 2009 financial reports.

The Company's balance sheet at June 30, 2014, showed
$314.36 million in total assets, $381.96 million in total
liabilities, and a $67.60 million total stockholders' deficit.

                           *     *     *

The TCR reported on Nov. 21, 2013, that Moody's Investors Service
downgraded American Apparel Inc.'s corporate family rating to
Caa2.  The clothing retailer's probability of default was also
lowered one level and the outlook is negative.

As reported by the TCR on Sept. 2, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on Los Angeles-based
American Apparel Inc. to 'CCC-' from 'CCC'.  The outlook is
negative.

"The downgrade reflects our assessment that a debt restructuring
appears inevitable within six months, absent unanticipated
significantly favorable changes in the company's circumstances,"
said Standard & Poor's credit analyst Ryan Ghose.


AMERICAN INT'L: Blankfein, Dimon Pursued Private Bailout
--------------------------------------------------------
Andrew Zajac, writing for Bloomberg News, reported that the heads
of Goldman Sachs Group Inc. and JPMorgan Chase & Co. told federal
regulators days ahead of the 2008 government bailout of American
International Group Inc. that they were putting together a private
rescue of the insurance giant, a New York Fed lawyer testified.
According to the report, Thomas Baxter, general counsel of the New
York Federal Reserve Bank, made the disclosure at a trial over the
terms of the U.S. bailout.

As previously reported by The Troubled Company Reporter, citing
The Wall Street Journal, reported that Maurice R. "Hank"
Greenberg, who built AIG into a global financial-services
powerhouse during nearly 40 years at its helm, is challenging the
historic 2008 government bailout of the company.  According to the
report, Mr. Greenberg asked a federal judge in Washington to rule
that the government coerced AIG's board into harsh terms,
allegedly cheating shareholders including Mr. Greenberg in the
process.

The case is Starr International Co. v. U.S., 11-cv-00779, U.S.
Court of Federal Claims (Washington).

                           About AIG

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

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


AOXING PHARMACEUTICAL: Has $8.63-Mil. Loss in FY Ended June 30
--------------------------------------------------------------
Aoxing Pharmaceutical Company, Inc., filed with the U.S.
Securities and Exchange Commission its annual report on Form 10-K
for the fiscal year ended June 30, 2014.

BDO China Shu Lun Pan Certified Public Accountants LLP expressed
substantial doubt about the Company's ability to continue as a
going concern, citing that the Company continues to incur losses
from operations, has negative cash flow from operations and a
working capital deficit.

The Company reported a net loss of $8.63 million on $12.74 million
of sales for the fiscal year ended June 30, 2014, compared to a
net loss of $17.29 million on $10.83 million of sales last year.

The Company's balance sheet at June 30, 2014, showed $38.07
million in total assets, $42.08 million in total liabilities and a
stockholders' deficit of $4.01 million.

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

                       http://is.gd/xgrRRa

Aoxing Pharmaceutical Company, Inc. is a Jersey City, New Jersey-
based specialty pharmaceutical company.  The Company is engaged in
the development, production and distribution of pain-management
products, narcotics and other drug-relief medicine.


APOLLO MEDICAL: Seven Directors Elected at Annual Meeting
---------------------------------------------------------
An annual meeting of stockholders of Apollo Medical Holdings,
Inc., was held on Sept. 30, 2014, at which the stockholders
elected Warren Hosseinion, Mark Meyers, Ted Schreck, Suresh
Nihalani, Gary Augusta, Mitchell Creem, and David Schmidt as
directors.

The stockholders also:

   (a) ratified the appointment of BDO USA, LLP, as the Company's
       independent registered public accounting firm for the
       fiscal year ending March 31, 2015;

   (b) approved an amendment to the Company's Certificate of
       Incorporation, as disclosed in the Company's Proxy
       Statement dated Sept. 12, 2014, to provide for the
       indemnification of members of the Board of Directors, or
       any committee thereof, and officers to the maximum extent
       permitted under Delaware law;

   (c) approved an amendment to the Certificate to delete any
       restriction or limitation regarding pre-emptive rights, as
       disclosed in the Company's Proxy Statement dated Sept. 12,
       2014;

   (d) ratified the grant to NNA of Nevada, Inc., of certain
       subscription and other rights related to future issuances
       of the Company's equity securities, as disclosed in the
       Corporation's Proxy Statement dated Sept. 12, 2014;

   (e) approved an amendment to the Certificate to approve a
       reverse stock split of the Company's common stock by a
       ratio of not less than one-for-five (1:5) and not greater
       than one-for-thirty (1:30), with whether to implement the
       reverse stock split to be determined by the Board of
       Directors, and, if it so determines, with the exact reverse
       split ratio and effective date to be decided and publicly
       announced by the Board of Directors prior to the effective
       time of the reverse stock split amendment, as disclosed in
       the Company's Proxy Statement dated Sept. 12, 2014.

   (f) approved, in an advisory (non-binding) vote, the
       compensation of the Company's named executive officers; and

   (g) selected an annual advisory (non-binding) vote on the
       compensation of the Company's named executive officers.

                        About Apollo Medical

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

Apollo Medical reported a net loss of $4.55 million for the year
ended Jan. 31, 2014, following a net loss of $8.90 million for the
year ended Jan. 31, 2013.

As of June 30, 2014, the Company had $8.80 million in total
assets, $11.79 million in total liabilities and a $2.99 million
total stockholders' deficit.


ASPEN GROUP: Shareholders Elected 9 Directors
---------------------------------------------
Aspen Group, Inc., held its 2014 annual meeting of shareholders on
Sept. 30, 2014, at which the shareholders:

   (a) elected Michael Mathews, Michael D'Anton, James Jensen,
       Andrew Kaplan, David Pasi, Sanford Rich, John
       Scheibelhoffer, Paul Schneier and Rick Solomon to the
       Company's Board of Directors for the succeeding year or
       until their successors are duly qualified and elected;

   (b) approved an amendment to the Company's Certificate of
       Incorporation to increase the number of authorized shares
       of common stock from 120 million to 250 million shares;

   (c) approved and ratified the 2012 Equity Incentive Plan;

   (d) approved the Company's named executive officer
       compensation;

   (e) selected "Every Three Years" as the frequency of future
       advisory vote on executive compensation; and

   (f) ratified the appointment of Salberg & Company, P.A., as the
       Company's independent registered public accounting firm for
       fiscal year 2015.

On Sept. 30, 2014, Aspen Group filed a Certificate of Amendment to
its Certificate of Incorporation increasing its authorized shares
of common stock from 120,000,000 shares to 250,000,000 shares.

                        About Aspen Group

Denver, Colo.-based Aspen Group, Inc., was founded in Colorado in
1987 as the International School of Information Management.  On
Sept. 30, 2004, it was acquired by Higher Education Management
Group, Inc., and changed its name to Aspen University Inc.  On
May 13, 2011, the Company formed in Colorado a subsidiary, Aspen
University Marketing, LLC, which is currently inactive.  On
March 13, 2012, the Company was recapitalized in a reverse merger.

Aspen's mission is to become an institution of choice for adult
learners by offering cost-effective, comprehensive, and relevant
online education.  Approximately 88 percent of the Company's
degree-seeking students (as of June 30, 2012) were enrolled in
graduate degree programs (Master or Doctorate degree program).
Since 1993, the Company has been nationally accredited by the
Distance Education and Training Council, a national accrediting
agency recognized by the U.S. Department of Education.

Aspen Group incurred a net loss of $5.35 million for the year
ended April 30, 2014.  The Company also reported a net loss of
$1.40 million for the four months ended April 30, 2013.  The
Company reported a net loss of $6 million in 2012 as compared
with a net loss of $2.13 million in 2011.

The Company's balance sheet at July 31, 2014, showed $4.79 million
in total assets, $5.63 million in total liabilities and a $845,460
total stockholders' deficiency.


ASR 2401 FOUNTAINVIEW: Court Issues Joint Administration Order
--------------------------------------------------------------
Judge Letitia Z. Paul of the U.S. Bankruptcy Court for the
Southern District of Texas, Houston Division, issued an order
directing the joint administration of the Chapter 11 cases of ASR
2401 Fountainview, LP, and ASR 2401 Fountainview, LLC, for
procedural purposes only.  The lead case is In re ASR 2401
Fountainview, LLC, Case No. 14-35323.

ASR 2401 Fountainview, LP, and ASR 2401 Fountainview, LLC sought
bankruptcy protection in Houston (Bankr. S.D. Tex. Case Nos. 14-
35322) on Sept. 30, 2014, without stating a reason.

Each debtor, a Single Asset Real Estate as defined in 11 U.S.C.
Sec. 101(51B), estimated assets and debt of $10 million to $50
million.  Each debtor claims to have its principal assets located
at 2401 Fountain View, Houston, Texas.

ASR LP's Chapter 11 case is assigned to Judge Letitia Z. Paul
while ASR LLC's Chapter 11 case is assigned to Judge Marvin Isgur

The Debtors have tapped Christopher Adams, Esq., at Okin Adams &
Kilmer LLP, in Houston, as counsel.


ATLAS ENERGY: Moody's Assigns Caa1 Rating on $50MM Unsecured Debt
-----------------------------------------------------------------
Moody's Investors Service assigned a Caa1 rating to Atlas Energy
Holdings Operating Company, LLC's (Atlas) proposed offering of $50
million senior unsecured notes. Atlas' other rating and stable
outlook were unchanged. These notes will be issued as an add-on to
Atlas' existing 9.25% notes that were originally issued in July,
2013 and are due in 2021. Net proceeds will be used to fund a
portion of the pending $225 million Eagle Ford acquisition that
was announced on September 24, 2014.

Assignments:

Issuer: Atlas Energy Holdings Operating Company, LLC

Senior Unsecured Regular Bond/Debenture, Assigned Caa1(LGD5)

Ratings Rationale

The proposed notes will have substantially the same terms and
conditions as the existing 9.25% notes and will be issued under
the same indenture; therefore, the new and existing notes are both
rated Caa1. The senior unsecured notes are guaranteed by
essentially all material domestic subsidiaries as well as the
issuer's direct parent, Atlas Resource Partners, L.P. (ARP).
Atlas' $825 million secured credit facility has a first-lien
priority claim to its assets. The significant size of the senior
secured revolver relative to the unsecured notes results in the
senior notes being rated two notches below the B2 CFR under
Moody's Loss Given Default methodology.

Atlas Energy Holdings Operating Company's B2 Corporate Family
Rating (CFR) reflects its long-lived reserve base, its large and
diverse drilling inventory, the benefits of its partnership
management business and a conservative financial leverage profile
relative to peers. However, the B2 CFR is restrained by the
company's natural gas weighted production base, which has
constrained cash margins. The CFR also reflects the company's
limited track record with its current asset base due to an
aggressive acquisition-led growth strategy since formation. In
addition, the rating its restrained by the risks inherent in its
MLP corporate finance model, which increases event risk and has
resulted in a heavy distribution burden relative to cash flow
generation. However, the B2 rating recognizes management's high
proportion of equity financing for reasonably priced acquisitions
and active hedging program.

The rating outlook is stable based on Moody's expectation that
Atlas Energy maintains an adequate liquidity profile and continues
to finance acquisitions with a meaningful equity component.
Moody's could upgrade the ratings if the company is able to
demonstrate a track record of improved cash margins while
maintaining a conservatively leveraged financial profile
(debt/production less than $30,000 boe/d) and improving cash flow
coverage of distributions, with funds from operations maintained
in excess of distributions and maintenance capital spending needs.
A downgrade could result from higher leverage (debt/production
above $40,000 boe/d) or if distribution coverage weakened below
1.1x for a sustained period.

The principal methodology used in this rating was Global
Independent Exploration and Production 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.

Atlas Energy Holdings Operating Company, LLC is a wholly-owned
subsidiary of ARP, which is a publicly traded exploration and
production master limited partnership (MLP) headquartered in
Pittsburgh, Pennsylvania.


ATLS ACQUISITION: Proposes Nov. 24 Admin. Claims Bar Date
---------------------------------------------------------
The Bankruptcy Court will convene a hearing on Oct. 8, 2014, at
9:30 a.m., to consider ATLS Acquisition, LLC., et al.'s motion to

   a) fix Nov. 24, 2014, at 5:00 p.m., as deadline for filing of
requests for allowance of administrative expense claims that were
incurred on or after April 15, 2014, and prior to Oct. 1, 2014;
and

   b) designate the form and manner of notice with respect
thereto.

The Debtors also propose that the request for payment of
administrative expense claim be filed with the Clerk of the
Bankruptcy Court or the Debtors' claims agent, Epiq Bankruptcy
Solutions, LLC in these addresses:

If by first class mail:

        ATLS Acquisition, LLC Claims Processing Center
        c/o Epiq Bankruptcy Solutions, LLC
        FDR Station, P.O. Box 5012
        New York, NY 10150-5012
        If by hand delivery or overnight mail:
        ATLS Acquisition, LLC Claims Processing Center
        c/o Epiq Bankruptcy Solutions, LLC
        757 Third Avenue, 3rd Floor
        New York, NY 10017

                      About Liberty Medical

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

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

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

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

                          *     *     *

ATLS Acquisition, LLC, et al., filed with the U.S. Bankruptcy
Court for the District of Delaware a joint plan of reorganization
and an accompanying disclosure statement, which propose to fund a
liquidating trust with proceeds from the sale of the Debtors'
assets.  A full-text copy of the Disclosure Statement dated
Aug. 15, 2014, is available at http://is.gd/aLMnQP


AXESSTEL INC: Dragon Group Reports 5.6% Stake as of Sept. 24
------------------------------------------------------------
In a Schedule 13D filed with the U.S. Securities and Exchange
Commission, Dragon Group International Limited disclosed that as
of Sept. 24, 2014, it beneficially owned 3,319,776 shares of
common stock of Axesstel, Inc., representing 5.6 percent of the
shares outstanding.

On Sept. 24, 2014 Axesstel entered into a Stock Purchase Agreement
with Dragon Group International Limited, Dato' Michael Loh Soon
Gnee and Shi Jie Fan pursuant to which Axesstel purchased all of
the outstanding ordinary shares of Flexcomm Limited, a company
formed under the laws of Hong Kong, in exchange for 25,000,000
shares of Axesstel common stock.  Under the Stock Purchase
Agreement, Dragon Group International Limited received 3,319,776
shares of common stock in exchange for 7,885,474 ordinary shares
of Flexcomm Limited.

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

                         http://is.gd/GC3Hvs

                           About Axesstel

Axesstel Inc., based in San Diego, Calif., develops fixed wireless
voice and broadband access solutions for the worldwide
telecommunications market.  The Company's product portfolio
includes fixed wireless phones, wire-line replacement terminals,
and 3G and 4G broadband gateway devices used to access voice
calling and high-speed data services.

Axesstel disclosed net income of $4.31 million for the year ended
Dec. 31, 2012, as compared with net income of $1.09 million during
the prior year.  The Company's balance sheet at Sept. 30, 2013,
showed $9.23 million in total assets, $23.33 million in total
liabilities and a $14.10 million total stockholders' deficit.


BANK OF THE CAROLINAS: Annual Meeting Set for Dec. 4
----------------------------------------------------
Bank of the Carolinas Corporation disclosed with the U.S.
Securities and Exchange Commission that it will hold its annual
meeting of shareholders on Dec. 4, 2014.

The meeting will be held at the Davie County Public Library, 371
North Main Street, Mocksville, North Carolina, and will convene at
2:00 p.m. (EST).  The record date for the meeting is Oct. 23,
2014.

                    About Bank of the Carolinas

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

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

The Company reported a net loss available to common stockholders
of $2.33 million in 2013, a net loss available to common
stockholders of $5.53 million in 2012 and a net loss available to
common stockholders of $29.18 million in 2011.

As of June 30, 2014, the Company had $427.82 million in total
assets, $423.04 million in total liabilities and $4.77 million in
total stockholders' equity.


BON-TON STORES: Appoints New Member to Board of Directors
---------------------------------------------------------
The Bon-Ton Stores, Inc., announced its Board of Directors has
unanimously elected Beth Grumbacher to its Board, effective
Oct. 1, 2014, expanding its Board membership to ten.

Ms. Grumbacher, 43, has been employed by several national and
regional firms in the retail and apparel industries, holding
various management and sales positions of increasing
responsibility throughout her career.  Additionally, she has been
actively involved in the ownership of a small retail operation
and, most recently, the designing and manufacturing of a girls'
clothing line.  Ms. Grumbacher's diverse operational roles give
her a customer-centric perspective in retailing.  Ms. Grumbacher
received a B.S. in Psychology from York College of Pennsylvania.

Tim Grumbacher, Chairman of the Board and Strategic Initiatives
Officer, stated, "We are very pleased to welcome Beth as a member
of our Board of Directors.  Beth has been involved with retail
throughout her career.  We welcome Beth's insight as we continue
to execute our business strategies for profitable growth and
increased shareholder value."

Ms. Grumbacher will receive, on a prorated basis, the Company's
standard director compensation arrangements applicable to
directors who are not employees of the Company in accordance with
the terms of director compensation disclosed in the Company's
Proxy Statement filed with the Securities and Exchange Commission
on May 6, 2014.

                       About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 273 stores, which
includes ten furniture galleries and four clearance centers, in 26
states in the Northeast, Midwest and upper Great Plains under the
Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com.

Bon-Ton Stores reported a net loss of $3.55 million for the fiscal
year ended Feb. 1, 2014, a net loss of $21.55 million for the year
ended Feb. 2, 2013, and a net loss of $12.12 million for the year
ended Jan. 28, 2012.  The Company's balance sheet at May 3, 2014,
showed $1.56 billion in total assets, $1.47 billion in total
liabilities and $96.05 million in total shareholders' equity.

The Company's balance sheet at Aug. 2, 2014, the Company had $1.57
billion in total assets, $1.51 billion in total liabilities and
$59.58 million in total shareholders' equity.

                           *     *     *

As reported by the TCR on May 15, 2013, Moody's Investors Service
upgraded The Bon-Ton Stores, Inc.'s Corporate Family Rating to B3
from Caa1 and its Probability of Default Rating to B3-PD from
Caa1-PD.

"The upgrade of Bon-Ton's Corporate Family Rating considers the
company's ability to drive modest same store sales growth as well
as operating margin expansion beginning in the second half of 2012
and that these positive trends have continued, with the company
reporting that its same store were positive, and EBITDA margins
expanded, in the first fiscal quarter of 2013," said Moody's Vice
President Scott Tuhy.

As reported by the TCR on May 17, 2013, Standard & Poor's Ratings
Services affirmed the 'B-' corporate credit rating on The Bon-Ton
Stores Inc.


BROWN MEDICAL: Trustee's Plan of Liquidation Confirmed
------------------------------------------------------
Chief U.S. Bankruptcy Judge Jeff Bohm has confirmed the U.S.
Trustee's Plan of Liquidation filed for Brown Medical Center,
Inc., dated Aug. 29, 2014, disregarding objections to the Plan.

                       Objections Dismissed

Northstar Healthcare Acquisitions, LLC and Northstar Healthcare,
Inc., objects to the Disclosure Statement and Chapter 11 Plan of
Liquidation filed by Elizabeth M. Guffy, Chapter 11 Trustee for
Brown Medical Center, Inc.

The disclosure statement indicates that Crown Financial assigned
to the  Trustee totally undescribed causes of action against
Northstar.  The disclosure statement should describe the cause of
action, or otherwise communicate a reasonable explanation of the
nature  cause of action.  Second, the Disclosure Statement
describes administrative claims but does not mention the
(presumably disputed) claim of Northstar.

North Houston Hand Center, P.A. and Northwest Houston Hand Center,
P.A., also filed their Objection Statement for two fundamental
reasons: (i) the Disclosure Statement does not contain "adequate
information"; and (ii) the Plan of Reorganization is
unconfirmable.

Osprey Global Solutions, LLC, and David L. Grange, also filed a
limited objection to the Plan of Liquidation.  Osprey and Grange
states that the Disclosure Statement should include language that
Osprey and Grange dispute that any valid claims exist against
them, that they deny any liability, and that Osprey intends to
seek indemnity from Brown Medical Center for the cost of defense
and/or liability (if any) from the funds available for
distribution in their class.

                        The Chapter 11 Plan

Under the Plan, the remaining assets, including cash and the right
to receive a portion of the net proceeds from ongoing collection
of accounts receivable, will vest in the "liquidating debtor" --
the company after the effective date of the plan.

The Plan divides claims and equity interests into five classes.
Class 1, which is comprised of priority non-tax claims, will be
paid in full from available cash.

Secured claims in Class 2 will receive either the proceeds of any
collateral sold or liquidated after full payment of superior
liens, or any unsold collateral securing those claims.

Meanwhile, the Plan proposes to distribute available cash pro rata
to creditors holding general unsecured claims in Class 3.  After
payment in full of all general unsecured claims, each holder of a
subordinated claim in Class 4 will receive a pro rata share of
available cash.

Class 5, which is comprised of equity interests in BMC, will be
canceled as of the effective date of the plan.  Any available cash
after full payment of subordinated claims will be distributed pro
rata to holders of equity interests.

A full-text copy of the disclosure statement is available without
charge at http://is.gd/6CvPE2

                        About Brown Medical

Houston, Texas-based Brown Medical Center, Inc., is a management
company that historically served as the epicenter of the operating
business enterprise directly or indirectly owned or controlled by
Michael Glyn Brown, including six surgery centers and related
facilities.  The Company sought protection under Chapter 11 of the
Bankruptcy Code on Oct. 15, 2013 (Case No. 13-36405, Bankr.
S.D.Tex.).  The case is assigned to Judge Marvin Isgur.

Brown Medical Center is represented by Spencer D. Solomon, Esq.,
at Nathan Sommers Jacobs, P.C., in Houston, Texas.

In November 2013, the Bankruptcy Court approved the appointment of
Elizabeth M. Guffy as Chapter 11 trustee.  The trustee hired
Porter Hedges LLP, led by Joshua W. Wolfshohl, Esq., John F.
Higgins, Esq., and James Matthew Vaughn, Esq., Nick D. Nicholas,
Esq., J. Patrick LaRue, Esq., and Craig M. Bergez, as counsel.
The trustee tapped The Claro Group, LLC, as financial advisor and
consultant.

In its schedules, Brown Medical listed $13,807,746 in assets and
$27,716,168 in liabilities.  Brown Medical owes Crown Financial
Funding, LP, the primary secured creditor, pursuant to a pre-
bankruptcy promissory note in the original principal amount of
$2 million, which indebtedness is secured by a security agreement
from Allied Center for Special Surgery, Scottsdale, LLC covering
accounts and accounts receivable which the Debtor has the right to
collect.


BROWN MEDICAL: PenChecks Approved as 401K Plan Processor
--------------------------------------------------------
The Bankruptcy Court authorized Elizabeth Mr. Guffy, the Chapter
11 Trustee of Brown Medical Center, Inc., to employ PenChecks,
Inc. as 401K Plan Distribution Processor.

As reported in the Troubled Company Reporter on Sept. 22, 2014,
PenChecks is expected to:

   (a) receive and hold in trust funds in the Debtor's 401K Plan;

   (b) contact the participants of the Debtor's 401K Plan to
       complete the appropriate documentation necessary to make
       distributions;

   (c) issue distribution payments to the participants;

   (d) file tax forms and reports related to the distributions;
       and

   (e) handle returned or non-negotiated distribution payments.

PenChecks has agreed to accept compensation on a per participant
basis.  Depending on the services rendered, PenChecks fee is $35
to $45 per participant along with other miscellaneous fees
described in the Statement of Services and Fees included in the
Client Agreement.  PenChecks has not received any funds from the
Debtor, the Trustee or any other party in this case.

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

                        About Brown Medical

Houston, Texas-based Brown Medical Center, Inc., is a management
company that historically served as the epicenter of the operating
business enterprise directly or indirectly owned or controlled by
Michael Glyn Brown, including six surgery centers and related
facilities.  The Company sought protection under Chapter 11 of the
Bankruptcy Code on Oct. 15, 2013 (Case No. 13-36405, Bankr.
S.D.Tex.).  The case is assigned to Judge Marvin Isgur.

Brown Medical Center is represented by Spencer D. Solomon, Esq.,
at Nathan Sommers Jacobs, P.C., in Houston, Texas.

In November 2013, the Bankruptcy Court approved the appointment of
Elizabeth M. Guffy as Chapter 11 trustee.  The trustee hired
Porter Hedges LLP, led by Joshua W. Wolfshohl, Esq., John F.
Higgins, Esq., and James Matthew Vaughn, Esq., Nick D. Nicholas,
Esq., J. Patrick LaRue, Esq., and Craig M. Bergez, as counsel.
The trustee tapped The Claro Group, LLC, as financial advisor and
consultant.

In its schedules, Brown Medical listed $13,807,746 in assets and
$27,716,168 in liabilities.  Brown Medical owes Crown Financial
Funding, LP, the primary secured creditor, pursuant to a pre-
bankruptcy promissory note in the original principal amount of
$2 million, which indebtedness is secured by a security agreement
from Allied Center for Special Surgery, Scottsdale, LLC covering
accounts and accounts receivable which the Debtor has the right to
collect.


BROWN MEDICAL: Trustee Taps More Porter Hedges Personnel
--------------------------------------------------------
The Bankruptcy Court entered a third supplemental order in
connection with the request of Elizabeth M. Guffy, Chapter 11
trustee for Brown Medical Center, Inc., to employ certain
personnel of Porter Hedges LLP as counsel.

The supplement reflects additional professionals and
paraprofessionals from the firm who will assist the trustee.  The
list includes Jonathan Price, a partner in the intellectual
property section of PH, and Patricia Gunning, a paralegal in the
litigation section of PH.  The list of employees is available for
free at
http://bankrupt.com/misc/BrownMedical_673_supporderemployment.pdf

                        About Brown Medical

Houston, Texas-based Brown Medical Center, Inc., is a management
company that historically served as the epicenter of the operating
business enterprise directly or indirectly owned or controlled by
Michael Glyn Brown, including six surgery centers and related
facilities.  The Company sought protection under Chapter 11 of the
Bankruptcy Code on Oct. 15, 2013 (Case No. 13-36405, Bankr.
S.D.Tex.).  The case is assigned to Judge Marvin Isgur.

Brown Medical Center is represented by Spencer D. Solomon, Esq.,
at Nathan Sommers Jacobs, P.C., in Houston, Texas.

In November 2013, the Bankruptcy Court approved the appointment of
Elizabeth M. Guffy as Chapter 11 trustee.  The trustee hired
Porter Hedges LLP, led by Joshua W. Wolfshohl, Esq., John F.
Higgins, Esq., and James Matthew Vaughn, Esq., Nick D. Nicholas,
Esq., J. Patrick LaRue, Esq., and Craig M. Bergez, as counsel.
The trustee tapped The Claro Group, LLC, as financial advisor and
consultant.

In its schedules, Brown Medical listed $13,807,746 in assets and
$27,716,168 in liabilities.  Brown Medical owes Crown Financial
Funding, LP, the primary secured creditor, pursuant to a pre-
bankruptcy promissory note in the original principal amount of
$2 million, which indebtedness is secured by a security agreement
from Allied Center for Special Surgery, Scottsdale, LLC covering
accounts and accounts receivable which the Debtor has the right to
collect.


BUCCANEER RESOURCES: Gets Final Approval to Use Cash Collateral
---------------------------------------------------------------
Buccaneer Resources, LLC, received final approval from U.S.
Bankruptcy Judge David Jones to use the cash collateral of AIX
Energy LLC.

Pursuant to the court order, the company can use the lender's cash
collateral until Oct. 31.  In return, AIX Energy will be granted
replacement lien in Buccaneer's assets.  In case the replacement
lien isn't enough to protect AIX Energy, an "administrative
superpriority expense claim" will be granted to the lender.

The cash collateral secures the company's obligations under a
credit facility.  Prior to Buccaneer's bankruptcy filing, Chicago-
based Victory Park Capital extended a credit facility to the
company totaling $100 million.  The facility was eventually
assigned to Meridian Capital CIS Fund pursuant to a financing
agreement with Buccaneer.

In early 2014, AIX Energy took assignment of the credit facility.
As of May 31, the aggregate unpaid principal balance of the AIX
facility, including all interest, fees, and expenses, was more
than $58.2 million.

A full-text copy of the final order is available without charge at
http://is.gd/upMVRa

                     About Buccaneer Energy

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

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

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

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

The bankruptcy cases are assigned to Judge David R Jones.  The
Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.  The other debtors are
Buccaneer Energy Limited, Buccaneer Energy Holdings, Inc.,
Buccaneer Alaska Operations, LLC, Buccaneer Alaska, LLC, Kenai
Land Ventures, LLC, Buccaneer Alaska Drilling, LLC, Buccaneer
Royalties, LLC, and Kenai Drilling, LLC.

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

The U.S. Trustee for Region 7 on June 10, 2014, appointed five
creditors to serve on the official committee of unsecured
creditors.  The Committee retained Greenberg Traurig, LLP as legal
counsel to the Committee, and Alvarez & Marsal North America, LLC
as financial advisors.


CAMARILLO PLAZA: Wants Final Decree Closing Reorganization Case
---------------------------------------------------------------
Camarillo Plaza, LLC asks the Bankruptcy Court to enter a final
decree closing its Chapter 11 case.

The Debtor said that the order confirming the Plan has become
final.  The Plan was confirmed on Sept. 30, 2013.  The Court-
approved sale has been consummated; all creditors provided for in
the Plan have been paid; and there is no pending proceedings in
which the Debtor may be found guilty of felony.

The Court scheduled a Nov. 5, 2014 hearing on the matter.

As reported in the Troubled Company Reporter on Dec. 16, 2013, the
Bankruptcy Court confirmed the Debtor's Third Amended Plan of
Reorganization.

Upon receipt of proceeds of the sale of Debtor's property,
Debtor's counsel, Janet A. Lawson, Esq., will place $500,000 in a
separate attorney trust fund account as a reserve to pay for the
disputed claims of Brendan's Irish Pub & Restaurant and Ramiro
Martinez against Debtor's estate and promptly cure all defaults of
Debtor (if any), under the leases Debtor has assumed and assigned
to the buyer of Debtor's property.

As reported in the TCR on Aug. 27, 2013, the Debtor filed with the
Bankruptcy Court a third amended Chapter plan of reorganization
that will be funded through the all-cash sale of the Debtor's
74,072 square foot shopping center commonly known as Camarillo
Plaza and the underlying real property, located at 1701-1877 East
Daily Drive, in Camarillo, California to be conducted via a
competitive bidding process.  Following consummation of the sale,
there will be net cash proceeds sufficient to satisfy all allowed
claims.

The Debtor and the Wells Fargo Bank, N.A., as Trustee for the
Registered Holders of Credit Suisse First Boston Mortgage
Securities Corp., Commercial Pass-Through Certificates, Series
2006-C3, entered into the stipulation regarding Claim 3-1 filed by
Wells Fargo.  The parties agreed that as of July 15, 2013, the
allowed claim is $15,159,517, subject to adjustments.

General unsecured creditors holding undisputed claims will recover
100% without interest on the Effective Date.

A copy of the Third Amended Plan is available at:

        http://bankrupt.com/misc/camarilloplaza.doc174.pdf

                       About Camarillo Plaza

Shopping center operator Camarillo Plaza LLC, based in Los
Angeles, California, filed for Chapter 11 bankruptcy (Bankr. C.D.
Calif. Case No. 11-59637) on Dec. 5, 2011.  Judge Sheri Bluebond
was assigned to the case.  At the Debtor's behest the next day,
the case was transferred to the Northern Division (Bankr. C.D.
Calif. Case No. 11-bk-15562).  The case in the Los Angeles
Division was closed, and Judge Robin Riblet took over from Judge
Bluebond.

The Debtor scheduled assets of $21.6 million and liabilities of
$12.3 million as of the Chapter 11 filing.  Janet A. Lawson, Esq.,
in Ventura County, California, serves as the Debtor's counsel.
The petition was signed by Aaron Arnold Klein, managing partner.

Alan M. Feld, Esq., at Sheppard, Mullin, Richter & Hampton LLP
represents creditor Wells Fargo Bank, N.A.

On Sept. 12, 2013, the Court approved the sale of the Debtor's
primary asset -- a shopping center located at 1701-1877 East Daily
22 Drive, Camarillo, California.  On Oct. 30, the sale was
consummated and escrow closed.

The Debtor also won confirmation of its Third Amended Plan of
Reorganization on Oct. 30, 2013.  The Plan was funded through the
all-cash sale of the 74,072 square foot shopping center commonly
known as Camarillo Plaza and the underlying real property.

The Debtor and Wells Fargo Bank, N.A., as Trustee for the
Registered Holders of Credit Suisse First Boston Mortgage
Securities Corp., Commercial Pass-Through Certificates, Series
2006-C3, entered into a stipulation regarding Claim 3-1 filed by
Wells Fargo.  The parties agreed that as of July 15, 2013, the
allowed claim is $15,159,517, subject to adjustments.

General unsecured creditors holding undisputed claims will recover
100% without interest on the Effective Date.

As a part of the Plan, $500,000 was ordered to be held in a
segregated attorney trust fund account maintained by Janet A.
Lawson to pay for two disputed claims.  One of those claims has
been resolved leaving $399,196 in the trust fund account.  The
other claim is the one filed by Brendan's Camarillo, LLC.


CASELLA WASTE: S&P Lowers Issuer Rating on Revenue Bond to B+
-------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its issue
rating on Rutland, Vt.-based Casella Waste Systems Inc.'s senior
secured revenue bond issued by the Business Finance Authority of
the State of New Hampshire (BFANH) to 'B+' from 'A' and withdrew
the short-term rating on the revenue bond. We removed the revenue
bond ratings from CreditWatch, where we placed them with negative
implications on Sept. 26, 2014. In addition, we assigned a '1'
recovery rating to the revenue bond. Our '1' recovery rating
reflects our expectation of full (90% to100%) recovery in
the event of a payment default.

S&P's 'B-' corporate credit rating on Casella, and all other
ratings on the company's debt, remains unchanged. The outlook is
stable.

Casella will remarket its BFANH solid waste disposal revenue bonds
due April 1, 2029, into a fixed-rate term accrual structure from a
variable rate accrual. The company also intends to increase the
amount of the bonds by $5.5 million to $11 million.  S&P believes
it is likely that following the remarketing, the bonds will be
unsecured and no longer backed by a letter of credit. The company
has indicated that the bonds will be supported by a guaranty by
substantially all of the company's subsidiaries.

"The stable outlook reflects our expectation that Casella's
operating results and cash flow generation will help sustain its
financial profile and lead to gradually improving credit metrics
over the next year," said Standard & Poor's credit analyst James
Siahaan.

"We could lower ratings if unexpected business challenges result
in diminished liquidity. This could result from weakened demand
and volumes, lower commodities prices, or rising fuel costs.
Liquidity could become pressured if revenue declined by 5% from
the $510 million at July 31, 2014, combined with an EBITDA margin
decline of about 70 basis points (bps). We could also lower
ratings if the company further increases debt to fund additional
returns to shareholders, though we view this as less likely in the
near term," said S&P.

"We could raise the rating if economic conditions and credit
measures improve meaningfully and sustainably, to the point where
the company outperforms our base-case expectations and reduces its
total adjusted debt to EBITDA ratio to near 5x for a sustained
period. This scenario could occur if revenue increased to over
$520 million and EBITDA margins improved by 200 bps, but we
believe this may not occur until the latter part of Casella's 2015
fiscal year or beyond," said S&P.


CASH STORE: Issues Default Status Report Per National Policy
------------------------------------------------------------
The Cash Store Financial Services Inc. provided a default status
report in accordance with the alternative information guidelines
in National Policy 12-203 Cease Trade Orders for Continuous
Disclosure Defaults.

On May 16, 2014, the Company announced that it was not able to
file an interim financial report and interim management's
discussion and analysis for the period ended March 31, 2014,
together with the related certifications of those interim filings
by May 15, 2014, the deadline prescribed by securities
legislation.

Except as disclosed in previous press releases, there have been no
material changes to the information contained in the Default
Announcement or any other changes required to be disclosed by
National Policy 12-203.

The Company still intends to file the Continuous Disclosure
Documents as soon as is commercially reasonable, or as required by
the Ontario Superior Court of Justice (Commercial List) pursuant
to the Cash Store Financial's Companies' Creditors Arrangement Act
proceedings.

The Monitor has filed with the Court periodic reports which have
included Cash Store Financial's cash flow projections and other
financial information concerning the Company.  The Company
anticipates that the Monitor will continue to file reports with
the Court (and post them on its website), updating relevant
financial information concerning the Company.  The Monitor's
reports, Court records and other details regarding the Company's
CCAA proceedings are available on the Monitor's Web site at
http://cfcanada.fticonsulting.com/cashstorefinancial/.

                    About Cash Store Financial

Cash Store Financial and Instaloans primarily act as lenders to
facilitate short-term advances and provide other financial
services to income-earning consumers who may not be able to obtain
them from traditional banks.  Cash Store Financial also provides
private-label debit cards.

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

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


CITIZENS PARKWAY: Case Summary & 5 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Citizens Parkway Investments, LLC
        PO Box 870485
        Morrow, GA 30287

Case No.: 14-69760

Nature of Business: Real Estate

Chapter 11 Petition Date: October 6, 2014

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Joseph Chad Brannen, Esq.
                  BRANNEN LAW GROUP, P.C.
                  Suite G, 7147 Jonesboro Road
                  Morrow, GA 30260
                  Tel: (770) 474-0847
                  Fax: 770-474-6078
                  Email: ashley@brannenlawfirm.com

Total Assets: $1.10 million

Total Liabilities: $745,368

The petition was signed by James Baker, manager.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/ganb14-69760.pdf


COMMUNITYONE BANCORP: To Issue 1.2-Mil. Shares Under 2012 Plan
--------------------------------------------------------------
CommunityOne Bancorp filed with the U.S. Securities and Exchange
Commission a Form S-8 registration statement to register 1.2
million shares of common stock issuable under the Company's 2012
Incentive Plan at a proposed maximum offering price of $10.61
million.  A copy of the Form S-8 prospectus is available at:

                         http://is.gd/Dx07j9

                         About CommunityOne

CommunityOne Bancorp (formerly FNB United) is the North Carolina-
based bank holding company for CommunityOne Bank, N.A.
(community1.com), which offers a full range of consumer, mortgage
and business banking services, including loan, deposit, cash
management, wealth and online banking services through 55 branches
in 44 communities throughout the central, southern and western
regions of the state.

CommunityOne Bancorp incurred a net loss of $1.48 million in 2013,
a net loss of $40 million in 2012, and a $137.31 million net loss
in 2011.

The Company's balance sheet at June 30, 2014, showed $2.01 billion
in total assets, $1.92 billion in total liabilities and
$92.7 million in total shareholders' equity.


COMSTOCK MINING: Announces Record September Gold Pours
------------------------------------------------------
Comstock Mining Inc. announced selected production highlights and
unaudited financial results for the quarter ended Sept. 30, 2014.

2014 Third Quarter Flash Highlights

  * Record highest pours for a single month of September 2014,
    with gold equivalent of 2,423 ounces.

  * Mining revenue from the sale of gold for the current quarter
    was $6.5 million.

  * Gold and silver shipments totaled 4,997 ounces and 61,001
    ounces, respectively, in the third quarter, with silver
    representing a 26% increase from the prior quarter.

  * Weighted average gold grade was 0.026 ounces per ton and
    silver grade was over 0.550.

  * Metallurgical yields improved to 80%, from a previous average
    estimate of 76%.

  * Strip ratio improved to below 4.8:1, down from 6.7:1 last
    quarter and trending positive.

  * Cost reductions, when comparing 2014 to 2013 year to date,
    totaled $7.5 million.

  * Reduced the Company's debt balance during the quarter by $2.2
    million.

  * Cash and cash equivalents were $9.25 million at September 30,
    2014.

  * Expanded land holdings in Lyon and Storey County by over 435
    acres, bringing the land position to almost 8,000 acres, and
    securing options on over 1,300 more.

  * Expanded and amended our landmark, Storey County Special Use
    Permit to expand mining and processing capability.  This
    permit represents one of the most significant and
    collaborative permit approvals in the Company's history and
    lays a tremendous foundation for future growth.

  * Honored with a 2013 first place safety award from the Nevada
    Mining Association, joining Newmont and Barrick as the only
    other medium-sized category winners.

  * Welcomed Tesla to the Storey County family, a remarkable place
    to live and work.

Comstock's Chief Executive Officer, Corrado De Gasperis commented,
"We have generated our second straight quarter of positive cash
from operations and achieved significant progress in our four
focus areas so far this year: lowering our costs, strengthening
our balance sheet, enhancing our mine plan and operations and
expanding our land position.  Cash cost of mining for the third
quarter was approximately $832 per ounce despite challenging but
improving strip ratios.  We continue progressing toward our
production cost target of $750 per ounce for 2014."

Production

During the third quarter of 2014, the Company poured 4,997 ounces
of gold and 61,001 ounces of silver.  The Company mined
approximately 1.1 million tons of material (mineralized material
and waste). Total mineralized material delivered to the leach pad
was over 191 thousand tons, an over 55% increase in material
delivered to the crusher from the previous quarter.

The Company's geological and engineering teams have advanced its
understanding of the Lucerne geology significantly in the last six
months.  A tremendous amount of pre-drilling development,
including detailed geological cross section and level plans for
the substantial majority of the first phase of the East side
expansion, resulted in expanded resource targets.  The Company's
teams have identified additional mineralized materials on and near
the surface throughout certain prior mine workings including the
historic Woodville Bonanza area.  When finalized, these activities
will lower the cost and increase the effectiveness of the
Company's upcoming drilling program in Lucerne.  The Company is
planning a technical press release with further geological details
later this month coincident with the commencement of the drilling
program.

A full-text copy of the press release is available at:

                         http://is.gd/Bv63VP

                        About Comstock Mining

Virginia City, Nev.-based Comstock Mining Inc. is a Nevada-based,
gold and silver mining company with extensive, contiguous property
in the historic Comstock district.  The Company began acquiring
properties in the Comstock in 2003.  Since then, the Company has
consolidated a substantial portion of the Comstock district,
secured permits, built an infrastructure and brought the
exploration project into test mining production.  The Company
continues acquiring additional properties in the Comstock
district, expanding its footprint and creating opportunities for
exploration and mining.  The goal of the Company's strategic plan
is to deliver stockholder value by validating qualified resources
(measured and indicated) and reserves (probable and proven) of
3,250,000 gold equivalent ounces by 2013, and commencing
commercial mining and processing operations by 2011, with annual
production rates of 20,000 gold equivalent ounces.

Comstock Mining incurred a net loss available to common
shareholders of $25.36 million in 2013, a net loss available to
common shareholders of $35.13 million in 2012 and a net loss
available to common shareholders of $16.30 million in 2011.

As of June 30, 2014, the Company had $52.71 million in total
assets, $28.19 million in total liabilities and $24.52 million in
total stockholders' equity.


CONTRAVIR PHARMACEUTICALS: Has $5.28MM Loss in FY Ended June 30
---------------------------------------------------------------
ContraVir Pharmaceuticals, Inc., filed with the U.S. Securities
and Exchange Commission on Sept. 29, 2014, its annual report on
Form 10-K for the fiscal year ended June 30, 2014.

BDO USA, LLP, expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
has suffered losses from operations, has a stockholders' deficit
and will continue to incur large losses in the future.

The Company reported a net loss of $5.28 million on $nil of
revenue for the fiscal year ended June 30, 2014, compared with a
net loss of $140,495 on $nil of revenue for the period May 15,
2013 thru June 30, 2013.

The Company's balance sheet at June 30, 2014, showed $2 million in
total assets, $4.93 million in total liabilities and a
stockholders' deficit of $2.93 million.

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

                       http://is.gd/uOqo6w

ContraVir is a biopharmaceutical company focused primarily on the
development of drugs to treat herpes zoster, or shingles, which is
an infection caused by the reactivation of varicella zoster virus
or VZV.


CRS HOLDING: Selling Bluebox to 3S International
------------------------------------------------
CRS Holding of America and its affiliated debtors ask the
Bankruptcy Court for authority to sell certain assets of the
bankruptcy estate.

The Debtors intend to sell the Bluebox which comprises the BLUBOX
machine located in their Elkridge, Maryland facility, including
without limitation, the compressor, shredder, screens and mixer,
and all operational manuals, spare parts and components and
warranty rights, and all other equipment and accessories relating
to such machine.

The Debtors request authority to sell the Bluebox to 3S
International. Both have already entered into a purchase
agreement. Among others, the economic term of the agreement was
that the Purchaser will pay the Debtors $700,000 for the Bluebox.
The sale will be closed within 2 business days following the
approval of the agreement by the Court.

The Debtors, in its business judgment, believe that the Purchase
price is fair and adequate, particularly since the sale is not
subject to a financing contingency and has only minimal conditions
precedent to closing. Moreover, the prompt sale will maximize the
value of the estate's assets for the benefit of creditors.

Thus, the motion seeks that objection to the proposed sale shall
be filed in no less than 24 hours in advance of the hearing.
Hearing was scheduled on September 29, 2014.

CRS is represented by:

     Jay B. Verona, Esq.
     Hugo S. deBeaubien, Esq.
     SHUMAKER, LOOP & KENDRICK, LLP,
     101 East Kennedy Blvd, Suite 2800
     Tampa, FL 33602
     Tel: (813) 229-7600
     Fax: (813) 229-1660
     E-mail: jverona@slk-law.com
             bdebeaubien@slk-law.com

                  About CRS Holding of America

CRS Holding of America, LLC, operates a full service electronics
recycling business, providing e-waste recycling solutions for
organizations of all sizes.  CRS's offerings are designed to meet
customers' demand for data security and environmental compliance.

CRS Holding and 21 subsidiaries sought Chapter 11 protection
(Bankr. M.D. Fla. Case No. 14-bk-10142) in Tampa, Florida, on
August 29, 2014.

CRS estimated total assets of $50 million to $100 million and debt
of $10 million to $50 million.  The Debtors' outstanding loan
balances to secured creditors are: Regions Bank, $15 million; JY
Creative Holdings, Inc. $6.8 million; and Intersection, LLC,
$250,000.  The Debtors estimate that general unsecured claims
total $5 million.

The cases are assigned to Judge K. Rodney May. The Debtors have
tapped Shumaker, Loop & Kendrick, LLP, as counsel.

CRS Holding of America, LLC, reported $812,470 in total assets,
and $37,560,321 in total liabilities.


CRS HOLDING: Hearing on Kingery Employment Continued to Oct. 16
---------------------------------------------------------------
According to a Procedures Memo for the hearing held on Sept. 29,
2014, the U.S. Bankruptcy Court for the Middle District of Florida
continued the hearing on the motion to employ Kingery & Crouse,
P.A., as accountant filed by CRS Holding of America, LLC, and it
debtor-affiliates to Oct. 16, 2014, at 2:00 p.m.

                  About CRS Holding of America

CRS Holding of America, LLC, operates a full service electronics
recycling business, providing e-waste recycling solutions for
organizations of all sizes.  CRS's offerings are designed to meet
customers' demand for data security and environmental compliance.

CRS Holding and 21 subsidiaries sought Chapter 11 protection
(Bankr. M.D. Fla. Case No. 14-bk-10142) in Tampa, Florida, on
August 29, 2014.

CRS estimated total assets of $50 million to $100 million and debt
of $10 million to $50 million.  The Debtors' outstanding loan
balances to secured creditors are: Regions Bank, $15 million; JY
Creative Holdings, Inc. $6.8 million; and Intersection, LLC,
$250,000.  The Debtors estimate that general unsecured claims
total $5 million.

The cases are assigned to Judge K. Rodney May. The Debtors have
tapped Shumaker, Loop & Kendrick, LLP, as counsel.

CRS Holding of America, LLC, reported $812,470 in total assets,
and $37,560,321 in total liabilities.


CRS HOLDING: Court Denies Motion to Obtain Credit
-------------------------------------------------
According to a Hearing Procedures Memo for the hearing held on
Sept. 29, 2014, the U.S. Bankruptcy Court for the Middle District
of Florida denied the emergency motion to obtain credit filed by
Hugo S. deBeaubien on behalf of CRS Holding of America, LLC, and
it debtor-affiliates.

                  About CRS Holding of America

CRS Holding of America, LLC, operates a full service electronics
recycling business, providing e-waste recycling solutions for
organizations of all sizes.  CRS's offerings are designed to meet
customers' demand for data security and environmental compliance.

CRS Holding and 21 subsidiaries sought Chapter 11 protection
(Bankr. M.D. Fla. Case No. 14-bk-10142) in Tampa, Florida, on
August 29, 2014.

CRS estimated total assets of $50 million to $100 million and debt
of $10 million to $50 million.  The Debtors' outstanding loan
balances to secured creditors are: Regions Bank, $15 million; JY
Creative Holdings, Inc. $6.8 million; and Intersection, LLC,
$250,000.  The Debtors estimate that general unsecured claims
total $5 million.

The cases are assigned to Judge K. Rodney May. The Debtors have
tapped Shumaker, Loop & Kendrick, LLP, as counsel.

CRS Holding of America, LLC, reported $812,470 in total assets,
and $37,560,321 in total liabilities.


DANA AUTOMOTIVE: Court Rules in Employee Injury Suit
----------------------------------------------------
An employee developed carpal tunnel syndrome while working as a
welder and supervisor for his employer.  Prior to receiving
medical treatment and unrelated to the injury, the employer gave
the employee a choice to retire or potentially lose his
substantial pension.  The trial court held that the Medical
Impairment Registry physician's rating was incorrect and that the
statutory one and one-half cap on permanent partial disability
benefits did not apply.  The employer appealed.

"After a thorough review of the record, we reverse in part and
affirm in part," said J. S. "Steve" Daniel, Special Judge for the
Supreme Court of Tennessee, Special Workers' Compensation Appeals
Panel.  Judge Daniel delivered the opinion of the Court, in which
Judge Janice M. Holder and Special Judge Don P. Harris joined.

The Court held, "After our own, independent review of the record,
we conclude that the evidence supports the trial court's finding
that Mr. Evans is 25% vocationally disabled.  Accordingly,
although we have reversed and modified the trial court's findings
as to the appropriate anatomical impairment rating of Mr. Evans
injuries, we affirm the trial court's judgment concerning
vocational disability."

The case is, DANA AUTOMOTIVE SYSTEMS GROUP, LLC ET AL. v. LARRY
EVANS, NO. W2013-01960-SC-R3-WC.

A copy of the Court's Oct. 2, 2014 Opinion is available at
http://is.gd/qYABfEfrom Leagle.com.

                         About Dana Corp.

Based in Toledo, Ohio, Dana Corporation -- http://www.dana.com/--
designs and manufactures products for every major vehicle producer
in the world, and supplies drivetrain, chassis, structural, and
engine technologies to those companies.  Dana employs 46,000
people in 28 countries.  Dana is focused on being an essential
partner to automotive, commercial, and off-highway vehicle
customers, which collectively produce more than 60 million
vehicles annually.  Dana has facilities in China in the Asia-
Pacific, Argentina in the Latin-American regions and Italy in
Europe.

Dana Corp. and its affiliates filed for Chapter 11 protection on
March 3, 2006 (Bankr. S.D.N.Y. Case No. 06-10354).  Corinne Ball,
Esq., and Richard H. Engman, Esq., at Jones Day, in Manhattan and
Heather Lennox, Esq., Jeffrey B. Ellman, Esq., Carl E. Black,
Esq., and Ryan T. Routh, Esq., at Jones Day in Cleveland, Ohio,
represented the Debtors.  Henry S. Miller at Miller Buckfire &
Co., LLC, served as the Debtors' financial advisor and investment
banker.  Ted Stenger from AlixPartners served as Dana's Chief
Restructuring Officer.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel LLP, represented the Official Committee of
Unsecured Creditors.  Fried, Frank, Harris, Shriver & Jacobson,
LLP, served as counsel to the Official Committee of Equity
Security Holders.  Stahl Cowen Crowley, LLC, served as counsel to
the Official Committee of Non-Union Retirees.  The Debtors filed
their Joint Plan of Reorganization on Aug. 31, 2007.  Judge Burton
Lifland confirming the Plan, as thrice amended, on Dec. 26, 2007.
The Plan was declared effective Jan. 31, 2008.  Upon emergence,
the Company was renamed as Dana Holding Corporation.


DELTA AIR: S&P Hikes Corp. Credit Rating to 'BB'
------------------------------------------------
Standard & Poor's Ratings Services raised its ratings on Delta Air
Lines, including raising the corporate credit rating to 'BB' from
'BB-'. The outlook is positive.

"We raised most issue-level ratings, but affirmed certain pass-
through certificates whose particular circumstances did not
support an upgrade under our criteria. In particular, we did not
raise the rating on certain Class A certificates because the
rating on the related liquidity facility provider, which caps the
certificate rating under our counterparty criteria, was already
at the same level as the existing rating on the certificates. We
raised our issue-level rating two notches to 'BBB-' and revised
the recovery rating to '1' from '2' on Delta's credit facilities
secured by its Pacific route authorities, based on our upgrade of
the airline and a reassessment of the collateral value," said S&P.

Delta continued a trend of strong earnings, with net income of $1
billion during the first half of 2014, compared with $693 billion
in the same period of 2013. "We expect this trend will continue
for the remainder of the year and into 2015. The company is
benefiting from generally positive revenue conditions in the U.S.
airline industry, since the largest four airlines, which have a
combined market share of more than 80%, are adding capacity
cautiously and focusing on raising load factors (utilization) and
yield (pricing), as well as continued effective cost control.
Delta's passenger revenue per available seat mile, a measure of
revenue generation per unit of capacity, rose 4%, while operating
cost per available seat mile, a similar cost measure, was 1%
lower. The company continues to target balance sheet
improvement, prepaying $873 million of debt (in addition to
repaying $600 million of maturing debt) and contributing more than
$900 million to its pension plans, which together more than offset
the effect of $550 million in dividends and share repurchases on
leverage. Delta's free cash flow, $1.9 billion during the first
half, is helped by the relatively low levels (compared with peers
American Airlines Group Inc. and United Continental Holdings Inc.)
of capital expenditures. However, Delta has more substantial
retiree obligations than the other two airlines, which we add in
calculating total adjusted debt," said S&P.

The company updated its capital allocation plan and shareholder
reward program in May, announcing a 50% increase in its dividend,
starting in the third quarter of 2014, and a new $2 billion share
repurchase authorization to be completed no later than Dec. 31,
2016. Together, the plans are intended to return an additional
$2.75 billion to shareholders through 2016. "We expect Delta to
pay down debt further, though not necessarily at the rapid pace of
recent years. Credit ratios should still continue to improve,
though, with rising earnings and cash flow. For the 12 months
ended June 30, 2014, Delta's funds flow to debt was 24%," said
S&P.

Delta, the third largest U.S. airline, has a broad and balanced
route network that reaches major markets in the U.S., Europe, and
Asia. This is important for attracting business travelers, who pay
higher fares on average than leisure travelers. The company has
major operations in Atlanta, New York (both LaGuardia and JFK
airports), Detroit, and Minneapolis. It also has a strong presence
in the Pacific and to Europe (through its alliance with
AirFrance/KLM).

In June 2013, Delta bought a 49% stake in Virgin Atlantic (the
second largest airline at London's Heathrow airport), which S&P
expects will strengthen the company's European presence. The
companies began their joint venture on Jan. 1, 2014. In Latin
America, Delta is expanding its partnerships with GOL (in Brazil)
and Aeromexico. Delta's operating profitability has been
superior to that of most U.S. airlines, with above average margins
and return on capital.

S&P assesses Delta's competitive position as "strong" under its
criteria, but because of its participation in the high risk
airline industry, the overall business risk assessment is "fair."
Based on its trend of improving credit measures, S&P revised
upward its assessment of Delta's financial risk to "significant"
from "aggressive." The combination of these business and financial
risk assessments yields an initial analytical outcome ("anchor")
of 'bb', and other rating modifiers do not change this, producing
a corporate credit rating of 'BB'.


ECHO THERAPEUTICS: Comments on Special Meeting Proxy Contest
------------------------------------------------------------
Echo Therapeutics, Inc., on Oct. 6 commented on the special
meeting proxy contest that has been recently threatened by
Platinum Management (NY) LLC and its affiliates in their latest
attempt to force off the Echo Board the only independent board
members that were not designated or nominated by Platinum.

Echo issued the following statement: "Given our recent
announcement that we had suspended our product development,
research, manufacturing and clinical programs and operations to
conserve our liquidity and capital resource and the possibility
that we could be forced to file for protection under the U.S.
Bankruptcy Code if we are not able to address our liquidity needs,
we are disappointed that, once again, Platinum is seeking to
pursue a costly and disruptive proxy contest to facilitate the
advancement of its own agenda and further its future ability to
control Echo.  We also believe that the preliminary proxy
statement that Platinum has filed with the Securities and Exchange
Commission (SEC) is procedurally and substantively deficient and
may involve violations of the federal securities law and rules and
regulations governing proxy solicitations.  Among other issues,
Echo believes that Platinum's materials filed with the SEC or
otherwise made public in connection with its purported attempt to
remove three of our independent directors through a special
meeting proxy contest contain numerous inaccuracies, misstatements
and untruths.

Our Board takes very seriously our duty to protect our
stockholders from attempts to mislead them with information we
believe is false, misleading and incomplete.  Platinum's actions
in recent weeks have made it clear that immediate corrective
action is necessary to prevent Platinum from continuing to mislead
our stockholders and the trading markets with what we believe to
be false, misleading and incomplete statements.  In the coming
days, we intend to bring to the attention of the SEC and other
regulatory organizations our concerns regarding Platinum's false
and misleading disclosures and other actions and enlist their
immediate assistance in protecting our stockholders and the
investing public from further efforts by Platinum to mislead our
stockholders and the investing public."

Echo stockholders are advised that they may receive proxy
solicitation materials from Platinum or other persons or entities
affiliated with Platinum, including a special meeting proxy
statement or proxy card.  Echo is not responsible for the accuracy
of any information provided by or relating to the Platinum
contained in any proxy solicitation materials filed or
disseminated by Platinum or any other statements that they may
otherwise make.  Echo's Board of Directors strongly urges
stockholders NOT to sign or return any proxy card or voting
instruction form that Platinum may send to them and to discard any
and all proxy solicitation materials that they might receive from
Platinum or other persons or entities affiliated with Platinum.

                      About Echo Therapeutics

Echo Therapeutics (NASDAQ: ECTE) is a medical device company.  It
was developing its Symphony(R) CGM System as a non-invasive,
wireless, continuous glucose monitoring system for use initially
in the critical care setting.  A significant longer-term
opportunity may also exist for Symphony to be used in the hospital
beyond the critical care setting, as well as in the outpatient
setting.  Echo also developed its needle-free skin preparation
device as a platform technology that allowed for enhanced skin
permeation enabling extraction of analytes, such as glucose, and
enhanced delivery of topical pharmaceuticals.


ENERGY FUTURE: $7B Tax Bill Could Force Company Into Ch. 7
----------------------------------------------------------
Law360 reported that Energy Future Holdings Corp. told a Delaware
bankruptcy court that it may be forced to scrap plans to
reorganize under Chapter 11 and instead liquidate under Chapter 7
because the sale of its assets could generate a tax bill of up to
$7 billion, which the company cannot pay.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Energy Future explained in a 48-page court
filing why tax considerations "will likely be a significant driver
of whatever form the debtors' reorganization ultimately takes."

According to the Bloomberg report, the tax-explanation filing came
while Energy Future is asking the bankruptcy court to establish
procedures for soliciting offers to buy part or all of the company
or finance an exit from Chapter 11.  The official creditors'
committee attacked the sale procedures in a letter to the judge,
saying they "would effectively lock in a plan structure that
substantially affects" creditors' recoveries, the Bloomberg report
related.

                       About Energy Future

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

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

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

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

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

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

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

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

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


ELBIT IMAGING: Unit Sells Kragujevac Plaza in Serbia for $48.7MM
----------------------------------------------------------------
Elbit Imaging Ltd. announced that its subsidiary, Plaza Centers
N.V., has successfully completed the disposal of its shopping and
entertainment centre, Kragujevac Plaza in Serbia for approximately
EUR38.6 million (approximately US$48.7 million), in line with the
asset's last reported book value.

Following the repayment of related bank debt of approximately
EUR28.2 million (US$ 35.5 million), Plaza will receive net cash
from the disposal of approximately EUR10.4 million (approximately
US$13 million).  Seventy five percent of the net cash proceeds
will be distributed to Plaza's bondholders in the fourth quarter
of this year as an early repayment of the bonds, in line with
Plaza's stated restructuring plan.  Restricted cash linked to the
bank debt and other working capital balances of approximately EUR2
million (approximately US$ 2.5 million) were also released
following the transaction.

The shopping centre, which is 99% leased, was opened in March
2012.

                      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.

As of June 30, 2014, the Company had NIS4.05 billion in total
assets, NIS3.16 billion in total liabilities and NIS889.58 million
shareholders' equity.

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.


ELIZABETH SMITH: Stay Doesn't End Entirely After Repeat Filing
--------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. District Judge Richard W. Story in
Atlanta ruled that when an individual's second bankruptcy is filed
within one year after the first was dismissed, the so-called
automatic stay terminates in 30 days only as to the bankrupt and
not with respect to property of the bankrupt estate.

The case is Abernathy LLC v. Smith, 13-cv-03801, U.S. District
Court, Northern District Georgia (Atlanta).


EPAZZ INC: Incurs $764,000 Net Loss in Second Quarter
-----------------------------------------------------
Epazz, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $764,231 on $327,525 of revenue for the three months ended
June 30, 2014, compared to a net loss of $1.66 million on $279,119
of revenue for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $4.49 million on $580,077 of revenue compared to a net
loss of $2.06 million on $487,129 of revenue for the same period a
year ago.

The Company's balance sheet at June 30, 2014, showed $1.99 million
in total assets, $3.75 million in total liabilities and a $1.75
million total stockholders' deficit.

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

                         http://is.gd/UoDYEd

                           About EPAZZ Inc.

Chicago, Ill.-based EPAZZ, Inc., was incorporated in the State of
Illinois on March 23, 2000, to create software to help college
students organize their college information and resources.  The
idea behind the Company was that if the information and resources
provided by colleges and universities was better organized and
targeted toward each individual, the students would encounter a
personal experience with the college or university that could lead
to a lifetime relationship with the institution.  This concept is
already used by business software designed to retain relationships
with clients, employees, vendors and partners.

Epazz reported a net loss of $3.37 million on $750,139 of revenue
for the year ended Dec. 31, 2013, as compared with a net loss of
$1.90 million on $1.19 million of revenue for the year ended Dec.
31, 2012.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has an accumulated deficit of $(7,501,994) and a
working capital deficit of $(1,283,338), which raises substantial
doubt about its ability to continue as a going concern.

                        Bankruptcy Warning

The Company said in the 2013 Annual Report that it will need to
raise additional funds to continue to operate as a going concern.

"We cannot be certain that any such financing will be available on
acceptable terms, or at all, and our failure to raise capital when
needed could limit our ability to continue and expand our
business.  We intend to overcome the circumstances that impact our
ability to remain a going concern through a combination of the
commencement of additional revenues, of which there can be no
assurance, with interim cash flow deficiencies being addressed
through additional equity and debt financing.  Our ability to
obtain additional funding for the remainder of the 2014 year and
thereafter will determine our ability to continue as a going
concern.  There can be no assurances that these plans for
additional financing will be successful.  Failure to secure
additional financing in a timely manner to repay our obligations
and supply us sufficient funds to continue our business operations
and on favorable terms if and when needed in the future could have
a material adverse effect on our financial performance, results of
operations and stock price and require us to implement cost
reduction initiatives and curtail operations.  Furthermore,
additional equity financing may be dilutive to the holders of our
common stock, and debt financing, if available, may involve
restrictive covenants, and strategic relationships, if necessary
to raise additional funds, and may require that we relinquish
valuable rights.  In the event that we are unable to repay our
current and long-term obligations as they come due, we could be
forced to curtail or abandon our business operations, and/or file
for bankruptcy protection; the result of which would likely be
that our securities would decline in value and/or become
worthless."


EXIDE TECHNOLOGIES: Esopus Says Fixed Fee Increase Needs Evidence
-----------------------------------------------------------------
Esopus Creek Value Series Fund LP - Series "A" responded to the
certification of counsel regarding supplemental order modifying
the terms of M.CAM, Inc.'s employment as intellectual property
consultant and broker for Exide Technologies and the Official
Committee of Unsecured Creditors.

As described in the certification, the Debtor and UCC now sought
entry of the supplemental order increasing the fixed fee of M.CAM
to $100,000.

Esopus asserted that the Debtor and UCC must provide a detailed
evidence in support of their request.

Esopus related that it has and continues to support the employment
of M.CAM and the services it has provided throughout the case.
Esopus was instrumental in convincing the UCC to support the
employment of M.CAM as joint professional of the Debtor and the
UCC.  Esopus supported the original compensation structure for
M.CAM, which included the fixed fee of $100,000, expense
reimbursement and potentially a transaction fee.

                     About Exide Technologies

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

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

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

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

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

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

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


EXIDE TECHNOLOGIES: Sheppard Mullin Hikes Fees
----------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on Oct. 14, 2014,
at 11:00 a.m., to consider the request of Sheppard Mullin Richter
& Hampton LLP for authorization to change to its fee rates for
2014.

Shepard Mullin serves as special counsel for Exide Technologies to
perform legal services attendant to environmental issues in
connection with the Chapter 11 case.  The Debtor consented to the
request to change its fee rates.

Sheppard Mullin said that it did not increase the hourly rates of
its professionals from year to year for the Debtor.  This year,
Sheppard Mullin and the Debtor agreed to increase the hourly rates
of certain professionals.

The fee examiner appointed in the case has indicated that any
increase in hourly rates for Sheppard Mullin must be approved by
the Court, necessitating the motion.

Sheppard Mullin asserted that the increased rates are reasonable
relative to prevailing market rates for peer firms.

  Name and Title            2013 Billing Rate    Rate as of Jan. 1
  --------------            -----------------    -----------------
Brunette, Richard W., partner     $595                  $620

O'Neil, Stephen J., partner       $575                  $600
Parker, Jeffrey J., partner       $575                  $600
Theard, Olivier F., partner       $445                  $490
Visser, Randolph C., partner      $575                  $600
Jeffrey A. Kaye,
   contract attorney              $510                  $535
Kleaver, Alison N., associate     $455                  $480
Merritt, Alexander L., associate  $345                  $370
Cook, Mercedes A., associate      $265                  $290
Luna, Claudia, M., paralegal      $100                  $200

The firm can be reached at:

         Carren B. Shulman, Esq.
         SHEPPARD, MULLIN, RICHTER & HAMPTON LLP
         30 Rockefeller Plaza
         New York, NY 10112
         Tel: (212) 653-8700
         Fax: (212) 653-8701

           -- and --

         Randolph C. Visser, Esq.
         Richard W. Brunette, Esq.
         SHEPPARD, MULLIN, RICHTER & HAMPTON LLP
         333 S. Hope Street, Fl 43
         Los Angeles, CA 90071
         Tel: (213)-620-1780
         Fax: (213)-443-2839

                     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.


FIRST NATIONAL: Baker Tilly Is New Accounting Firm
--------------------------------------------------
First National Community Bancorp, Inc., was notified that the
audit practice of ParenteBeard LLC an independent registered
public accounting firm that the Company engaged on May 8, 2014,
was combined with Baker Tilly Virchow Krause LLP in a transaction
pursuant to which ParenteBeard combined its operations with Baker
Tilly and certain of the professional staff and partners of
ParenteBeard joined Baker Tilly either as employees or partners of
Baker Tilly.

On Oct. 1, 2014, ParenteBeard resigned as the auditors of the
Company and with the approval of the Audit Committee of the
Company's Board of Directors, Baker Tilly was engaged as its
independent registered public accounting firm.

During the fiscal years ended Dec. 31, 2013, and 2012 and from
Jan. 1, 2014, through Oct. 1, 2014, the Company did not consult
with Baker Tilly regarding the application of accounting
principles to a specific completed or contemplated transaction or
regarding the type of audit opinions that might be rendered by
Baker Tilly on the Company's financial statements, and Baker Tilly
did not provide any written or oral advice that was an important
factor considered by the Company in reaching a decision as to any
such accounting, auditing or financial reporting issue.

                         About First National

Headquartered in Dunmore, Pa., First National Community Bancorp,
Inc., is a Pennsylvania corporation, incorporated in 1997 and is
registered as a bank holding company under the Bank Holding
Company Act ("BHCA") of 1956, as amended.  The Company became an
active bank holding company on July 1, 1998, when it acquired
ownership of First National Community Bank (the "Bank").  The Bank
is a wholly-owned subsidiary of the Company.

The Company's primary activity consists of owning and operating
the Bank, which provides customary retail and commercial banking
services to individuals and businesses.  The Bank provides
practically all of the Company's earnings as a result of its
banking services.

First National reported net income of $6.38 million on $32.95
million of total interest income for the year ended Dec. 31, 2013,
as compared with a net loss of $13.71 million on $37.02 million of
total interest income for the year ended Dec. 31, 2012.

As of June 30, 2014, the Company had $957.87 million in total
assets, $908.66 million in total liabilities and $49.20 million in
total shareholders' equity.

                         Regulatory Matters

The Bank is under a Consent Order from the Office of the
Comptroller of the Currency dated Sept. 1, 2010.  The Company is
also subject to a Written Agreement with the Federal Reserve Bank
of Philadelphia dated Nov. 24, 2010.

The Bank, pursuant to a Stipulation and Consent to the Issuance of
a Consent Order dated Sept. 1, 2010, without admitting or denying
any wrongdoing, consented and agreed to the issuance of the Order
by the OCC, the Bank's primary regulator.  The Order requires the
Bank to undertake certain actions within designated timeframes,
and to operate in compliance with the provisions thereof during
its term.  The Order is based on the results of an examination of
the Bank as of March 31, 2009.  Since the examination, management
has engaged in ongoing discussions with the OCC and has taken
steps to improve the condition, policies and procedures of the
Bank.  Compliance with the Order is monitored by a committee of at
least three directors, none of whom is an employee or controlling
shareholder of the Bank or its affiliates or a family member of
any such person.  The Committee is required to submit written
progress reports to the OCC on a monthly basis.  The Committee has
submitted each of the required monthly progress reports with the
OCC.  The members of the Committee are John P. Moses, Joseph
Coccia, Joseph J. Gentile and Thomas J. Melone.


FREMONT HOSPITALITY: Ch.7 Trustee Obtains Summary Judgment
----------------------------------------------------------
The adversary proceeding captioned Ericka S. Parker, Chapter 7
Trustee, Plaintiff, v. Annie Kolath, Defendant, Adv. Pro. No. 13-
3127, (N.D. Ohio) is before the court on the parties' cross
motions for summary judgment.  Ms. Parker is the Trustee in the
Chapter 7 case of Fremont Hospitality Group, LLC (Case No. 13-
31005).  In her complaint, the Trustee seeks an order disallowing
the claim filed by Defendant Annie Kolath in the case (Count I),
and avoiding the transfer of a note and mortgage by Debtor to
Kolath as fraudulent transfers under 11 U.S.C. Section
548(a)(1)(A) and (B) (Counts II and III), and, pursuant to 11
U.S.C. Section 544(b), as fraudulent transfers under Ohio Revised
Code Section 1336.04(A)(1) and (2) and 1313.56 (Counts IV, V, and
VII), and as preferential transfers under Ohio Revised Code
Section 1313.56.

In a memorandum of decision and order entered September 26, 2014,
a copy of which is available at http://is.gd/LNFgZ5from
leagle.com, Bankruptcy Judge Mary Ann Whipple granted the
Trustee's motion for summary judgment as to Count I and denied the
motion as moot as to the remaining counts.  The Court also denied
Kolath's motion for summary judgment as to Count I and denied the
motion as moot as to the remaining counts.

                    About Fremont Hospitality

Based in Fremont, Ohio, Fremont Hospitality Group LLC aka The Port
Clinton Hotels Inc., filed for Chapter 11 protection on April 25,
2012 (Bankr. N.D. Ohio Case No. 12-31969).  Fremont Hospitality
Group owned the Clarion Inn.  Judge Mary Ann Whipple presides over
the bankruptcy case.  The Donald Harris Law Firm served as the
Debtor's counsel.  The Debtor listed both assets and debts of
between $1 million and $10 million.

Fremont Hospitality Group which is the owner (but not operator) of
the hotel and conference center located at 3422 State Route 53,
Fremont, Ohio.

It again sought bankruptcy protection (Bankr. N.D. Ohio Case No.
13-31005) on March 15, 2013.  Judge Mary Ann Whipple also presided
the 2013 case.  Donald Harris, Esq., also served as bankruptcy
counsel.  The Debtor listed both assets and debts of between $1
million and $10 million.  The 2013 petition was signed by Annie
Kolath, president.  A list of the Debtor's four largest unsecured
creditors, filed together with the 2013 petition, is available for
free at http://bankrupt.com/misc/ohnb13-31005.pdf

The 2013 case was later converted to Chapter 7 and Ericka Parker
was named Chapter 7.  She is represented as counsel by:

     Patricia B. Fugee
     ROETZEL & ANDRESS, LPA
     One SeaGate, Suite 1700
     Toledo, OH 43604
     Telephone: 419-254-5261
     Facsimile: 419-242-0316
     E-mail: pfugee@ralaw.com


GARLOCK SEALING: Asbestos Claimants Want Access to Internal Docs
----------------------------------------------------------------
Law360 reported that the personal injury claimants' committee in
Garlock Sealing Technologies LLC's asbestos-related bankruptcy
case opposed the defunct gasket-maker's bid to seal certain
internal corporate documents that the claimants say explain
Garlock's decision to settle asbestos suits.  According to the
report, the official committee of asbestos personal injury
claimants in argued that Garlock should not be allowed to seal
documents including its major expense authorization, which they
argue will provide insights into its decision-making process in
reaching the settlements.

                     About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more
than a century, Garlock has been helping customers efficiently
seal the toughest process fluids in the most demanding
applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel
for asbestos matters.

The Official Committee of Asbestos Personal Injury Claimants in
the Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P. Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his co-
counsel.

Judge George Hodges of the United States Bankruptcy Court for the
Western District of North Carolina on Jan. 10, 2014, entered an
order estimating the liability for present and future mesothelioma
claims against EnPro Industries' Garlock Sealing Technologies LLC
subsidiary at $125 million, consistent with the positions GST put
forth at trial.


GELTECH SOLUTIONS: Posts $7.11-Mil. Loss for FY Ended June 30
-------------------------------------------------------------
GelTech Solutions, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K for the fiscal
year ended June 30, 2014.

Salberg & Company, P.A., expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has net cash used in operating activities in 2014 of $5.13
million and has an accumulated deficit of $35.13 million at June
30, 2014.

The Company reported a net loss of $7.11 million on $814,587 of
sales for the fiscal year ended June 30, 2014, following a net
loss of $5.22 million on $526,010 of sales in 2013.

The Company's balance sheet at June 30, 2014, showed $1.24 million
in total assets, $3.14 million in total liabilities and a
stockholders' deficit of $1.9 million.

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

                       http://is.gd/IkQVK5

                          About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

GelTech reported a net loss of $5.22 million on $526,010 of sales
for the year ended June 30, 2013, as compared with a net loss of
$7.13 million on $419,577 of sales for the year ended June 30,
2012.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2013.  The independent auditors noted
that the Company has a net loss and net cash used in operating
activities in 2013 of $5,221,747 and $4,195,655, respectively, and
has a working capital deficit, accumulated deficit and
stockholders' deficit of $556,140, $28,021,633 and $2,270,386,
respectively, at June 30, 2013.


GENUTEC BUSINESS: Has Until Dec. 1 to File Plan & Outline
---------------------------------------------------------
The Hon. Erithe Smith of the U.S. Bankruptcy Court for the Central
District of California extended the deadline of Genutec Business
Solutions Inc. to file a disclosure statement and Chapter 11 plan
of reorganization until Dec. 1, 2014.

The extension request is based on the declaration of Michael R.
Totaro, attorney at Totaro & Shanahan, showing that the Debtor's
plan and disclosure statement were scheduled to be filed on or
before Oct. 1, 2014; However, the Debtor is engaged in continued
mediation which is scheduled for Oct. 10, 2014 before the Hon.
Meredith A. Jury in Riverside, California.  The prior mediation
was productive and there are two offers and at this time the
Debtor is trying to find financing and this will form the basis of
the Debtor's plan of reorganization.  The extension will give the
Debtor the best chance of proposing a viable Plan which can be
confirmed.

                About Genutec Businesss Solutions

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

The U.S. Trustee for Region 16 appointed three creditors to serve
on the official committee of unsecured creditors.


GREAT PLAINS ROYALTY: North Dakota Judge Rules on Asset Dispute
---------------------------------------------------------------
Bankruptcy Judge Shon Hastings in North Dakota granted, in part,
and denied, in part, a Motion for Partial Summary Judgment filed
by Great Plains Royalty Corporation in its 2013 lawsuit against
Earl Schwartz Company and Basin Minerals, LLC.  In the Complaint,
Great Plains requests a judgment declaring that ESCO and Basin
have no right, title, or interest in any property currently owned
by Great Plains or titled in its name.

"Plaintiff Great Plains' Motion for Summary Judgment on ESCO and
Basin's Counterclaim alleging that Defendants purchased 100% of
the assets owned by Great Plains at the time the bankruptcy
proceeding was commenced is GRANTED.  This cause of action is
dismissed.  Plaintiff Great Plains' Motion for Summary Judgment on
ESCO and Basin's Counterclaim alleging that Defendants purchased
100% of the Disputed Assets and requesting a remedy is DENIED,"
Judge Hastings said in an Oct. 1, 2014 Memorandum and Order
available at http://is.gd/kmy67Zfrom Leagle.com.

Great Plains Royalty Corporation, Plaintiff, v. Earl Schwartz
Company and Basin Minerals, LLC, Defendants.  Earl Schwartz
Company and Basin Minerals, LLC, Counter-Claimants, v. Great
Plains Royalty Corporation, Counter-Defendant, Adv. Proc. NO. 13-
07018 (Bankr. N.D.).

Great Plains Royalty Corporation was originally incorporated under
North Dakota law in 1958.  After liquidating, the corporation was
dissolved in the early 1970s.  Great Plains was later reinstated
as a corporation by the North Dakota Secretary of State.

On April 12, 1968, Great Plains' creditors filed an involuntary
petition under Chapter 11 of the Bankruptcy Code (Case No.
68-00039).  Great Plains was originally permitted to act as a
debtor in possession, but Myron Atkinson was appointed Trustee on
September 27, 1968.  On October 5, 1968, the Trustee filed a
petition for an order to show cause why Great Plains' petition
under Chapter 11 should not be withdrawn and abandoned and Great
Plains be "adjudicated a bankrupt."  In the petition, the Trustee
asserted that Great Plains' assets were insufficient to meet its
liabilities and that it would be in the best interest of the
creditors to promptly liquidate the estate.  The Court held a show
cause hearing on October 25, 1968.  Following the hearing, the
Referee in Bankruptcy executed an Adjudication, ruling that Great
Plains is a bankrupt.  On the same day, the case was converted to
a liquidation proceeding under Chapter 7 of the Bankruptcy Code.


GT ADVANCED: Files for Chapter 11 Bankruptcy in New Hampshire
-------------------------------------------------------------
GT Advanced Technologies Inc., together with certain of its direct
and indirect subsidiaries, commenced voluntary cases under chapter
11 of the Bankruptcy Code in the United States Bankruptcy Court
for the District of New Hampshire.  GT expects the court will
authorize the company to continue to conduct business as usual
while it devotes renewed efforts to resolve its current issues and
develops a reorganization plan.

GT indicated that as of September 29, 2014 it had approximately
$85 million of cash.  In addition, it is now seeking debtor-in-
possession financing, which, once obtained, would provide the
company with an immediate source of additional funds.  These
funding sources will enable GT to satisfy the customary
obligations associated with the daily operation of its business,
including the timely payment of employee wages and other
obligations.

As a result of the filing, and as is customary with public
companies, NASDAQ may temporarily halt trading in the company's
stock pending the receipt of additional information on the
company's financial condition.  The company is cooperating with
NASDAQ and will be providing any requested information as promptly
as possible.

"GT has a strong and fundamentally sound underlying business,"
said Tom Gutierrez, president and chief executive officer of GT.
"[Mon]day's filing does not mean we are going out of business;
rather, it provides us with the opportunity to continue to execute
our business plan on a stronger footing, maintain operations of
our diversified business, and improve our balance sheet.

"We are convinced that the rehabilitative process of chapter 11 is
the best way to reorganize, protect our company and provide a path
to our future success.  We remain committed to our roots in
innovation and our diversification strategy.  We plan to continue
to operate as a technology leader across our core set of
businesses."

                  About GT Advanced Technologies

GT Advanced Technologies Inc. -- http://www.gtat.com/-- is a
diversified technology company producing advanced materials and
innovative crystal growth equipment for the global consumer
electronics, power electronics, solar and LED industries.

On Oct. 6, 2014, GT Advanced Technologies and 8 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D. N.H. Lead Case No. 14-11916).

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.  KCC maintains the Web site
http://www.KCCllc.net/gtat


GT ADVANCED: No Longer Eligible for Inclusion in S&P SmallCap600
----------------------------------------------------------------
Rex Energy Corp. will replace GT Advanced Technologies Inc. in the
S&P SmallCap 600 after the close of trading on Wednesday,
Oct. 8.  GT Advanced Technologies filed for bankruptcy protection
and is no longer eligible for inclusion in the S&P SmallCap 600.

                     About Rex Energy Corp.

Rex Energy operates as an independent oil and gas exploration and
production company.  Headquartered in State College, PA, the
company will be added to the S&P SmallCap 600 GICS (Global
Industry Classification Standard) Oil & Gas Exploration &
Production Sub-Industry index.

                  About GT Advanced Technologies

GT Advanced Technologies Inc. -- http://www.gtat.com/-- is a
diversified technology company producing advanced materials and
innovative crystal growth equipment for the global consumer
electronics, power electronics, solar and LED industries.

On Oct. 6, 2014, GT Advanced Technologies and 8 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D. N.H. Lead Case No. 14-11916).

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys, and Kurtzman Carson Consultants LLC as claims and
noticing agent.  KCC maintains the Web site
http://www.KCCllc.net/gtat


GT ADVANCED: Tripp Levi Probing Investors' Potential Claims
-----------------------------------------------------------
Tripp Levy PLLC, a national securities law firm, on Oct. 6
disclosed that it is investigating claims on behalf of investors
of GT Advanced Technologies Inc.  On October 6, 2014, GTAT and its
subsidiaries filed for bankruptcy court protection under
chapter 11 of the Bankruptcy Code in the United States Bankruptcy
Court for the District of New Hampshire.

Following the announcement on October 6, 2014, GTAT stock fell
over 90 percent falling $9.97 per share to $1.08 per share in
intraday trading.  The steep drop follows an earlier slide in the
Company's shares on news that Apple would not use GTAT's sapphire
material in the screen of the iPhone 6.

If you have suffered a loss in excess of $250,000 from your
investment in GTAT common stock and purchased your shares within
the past year, and would like to learn more about this
investigation and your ability to potentially recover your losses,
please contact us either by email at contact@tripplevy.com or by
telephone at (800) 511-7037 or visit our website at
www.tripplevy.com

                     About Tripp Levy PLLC

Tripp Levy PLLC -- http://www.tripplevy.com-- is a national
securities and shareholder rights law firm with offices across the
country representing both individual and institutional
shareholders and, along with its affiliates, has recovered
billions of dollars for shareholders.  Tripp Levy PLLC is
affiliated with Milberg LLP.

                  About GT Advanced Technologies

GT Advanced Technologies Inc. -- http://www.gtat.com/-- is a
diversified technology company producing advanced materials and
innovative crystal growth equipment for the global consumer
electronics, power electronics, solar and LED industries.

On Oct. 6, 2014, GT Advanced Technologies and 8 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D. N.H. Lead Case No. 14-11916).

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.  KCC maintains the Web site
http://www.KCCllc.net/gtat


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

    Debtor                                       Case No.
    ------                                       --------
    GT Advanced Technologies, Inc.               14-11916
    243 Daniel Webster Highway
    Merrimack, NH 03054

    GT Equipment Holdings, Inc.                  14-11917

    GTAT Corporation                             14-11919

    GT Advanced Technologies Limited             14-11920

    Lindbergh Acquisition Corp.                  14-11922

    GT Sapphire Systems Group LLC                14-11923

    GT Sapphire Systems Holding LLC              14-11924

    GT Advanced Cz LLC                           14-11925

    GT Advanced Equipment Holding LLC            14-11929

Type of Business: The GTAT Group operates as one business
                  enterprise comprised of three business segments:
                  sapphire, polysilicon, and photovoltaic.

Chapter 11 Petition Date: October 6, 2014

Court: United States Bankruptcy Court
       District of New Hampshire (Manchester)

Debtors' Counsel: Holly Barcroft, Esq.
                  Daniel W. Sklar, Esq.
                  NIXON PEABODY LLP
                  900 Elm Street
                  Manchester, NH 03101
                  Tel: 603-628-4000
                  Fax: 603-628-4040
                  Email: hbarcroft@nixonpeabody.com
                         dsklar@nixonpeabody.com

Debtors'
Co-Counsel:       Luc A. Despins, Esq.
                  Andrew V. Tenzer, Esq.
                  James T. Grogan, Esq.
                  PAUL HASTINGS LLP
                  Park Avenue Tower
                  75 East 55th Street, First Floor
                  New York, NY 10022
                  Tel: (212) 318-6000
                  Fax: (212) 319-4090
                  lucdespins@paulhastings.com
                  andrewtenzer@paulhastings.com
                  jamesgrogan@paulhastings.com

Debtors'          KURTZMAN CARSON CONSULTANTS LLC
Claims, Notice
and Balloting
Agent:

GTAT Group's Total Assets: $1.5 billion as of June 28, 2014

GTAT Group's Total Debts: $1.3 billion as of June 28, 2014

The petition was signed by Hoil Kim, general counsel.

List of Debtor's 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
U.S. National Bank Association     3% Conv.          $220,000,000
Attn: Hazrat Ray Haniff            Senior notes
Assistant Vice President &         Due 2017
Account Manager
100 Wall Street, Suite 1600
New York, NY 10005
United States

U.S. National Association          3% Conv. Sr.      $214,000,000
Attn: Hazrat Ray Haniff            Notes Dues
Assistant Vice President &         2020
Account Manager as Trustee
Suite 1600
New York, NY 10005
United States

MANZ                               Trade Payables     $21,281,149
Attn: Dieter Manz
Chief Executive Officer
Steigaeckerstrasse 5
Reutlingen, 72768
Germany

Tera Xtal Corporation              Contract dispute   $17,493,318
Attn: Chief Financial
Officer
Hsinchu Science Park
No. 9-1, Park Avenue 2
Hsinchu, 30075 Taiwan

Plansee Se                         Trade Payables     $14,236,439
Attn: Dr. Michael Schwarzkopf
Chairman of the Executive
Board
Metallwerk Plansee
Strasse 71, 1234
Austria

MBT Systems Ltd.                   Trade Payables      $7,269,058
Attn: Peter Pauli
Chief Execuitive Officer
309 Route 94
Columbia, NJ 07832
United States

Elmet Technologies                 Trade Payables      $6,162,596
Attn: Eric Scheinerman
Chief Executive Officer
1560 Libson Street
Lewiston, ME 04240
United States

Hebei Hengbo Fine                  Trade Payables      $6,058,000
Ceramics Material
Attn: Chief Financial Officer
Luozhuang Industial
Quzhou County
Handan City, 056000
China

Sanmina Corporation                Trade Payables      $4,178,901
Attn: Jure Sola
Chairman and Chief
Executive Officer
2700 North First Street
San Jose, CA 95134
United States

Sumitomo Electric USA Inc.         Trade Payables      $3,752,540
Attn: Chief Financial Officer
21241 S. Western
Ave., Suite #120
Torrance, CA 90501
United States

Graftech International             Trade Payables      $3,329,061
Holdings Inc.
Attn: Erick R. Asmussen
Chief Financial Officer
12900 Snow Road
Parma, OH 44130
United States

Benchmark Electronics de           Trade Payables      $3,184,810
Mexico, S. De R.L. De C.V.
Attn: Chief Financial Officer
A, Circuitos De La
Productividad 132
Parque Industrial
Guadalajara
El Salto, Jalisco,
45690
Mexico

Integro GMBH                       Trade Payables      $2,455,793
Attn: Dr. Peter Plankensteiner
Managing Director
Henri Dunant Str. 8
Erlangen, 91058
Germany

H.C. Starck Inc.                   Trade Payables      $2,338,108
Attn: John Noteman
Vice President of Sales
Americas
45 Industrial Place
Newton, MA 02641-1951
United States

SGL Carbon, LLC                    Trade Payables      $2,294,679
Attn: Chief Financial Officer
10130 Perimeter
Parkway Suite 500
Charlotte, NC 28216
United States

SAS Co., Ltd.                      Trade Payables      $2,194,162
Attn: Chief Financial Officer
666-153, Bongam-Dong
Masan-SI
Kyungnam, Korea
Republic of

Diamond Materials Tech, Inc.       Trade Payables      $2,006,701
Attn: Tom Devine
Chief Executive Officer Officer
3505 N. Stone Ave.,
Colorado Springs,
CO 80907
United States

T&D Materials                      Trade Payables      $1,945,140
Manufacturing LLC
Attn: Min Yu
President
1101 Susses Blvd.
Suite 2
Broomall, PA 19008
United States

Aerotek Inc.                       Trade Payables      $1,943,069
Attn: Todd M. Mohr
President
7301 Parkway Drive
South Hanover, MD 21076
United States

Ulta Clean Micro-                  Trade Payables      $1,883,812
Electronics Equip
Attn: Chief Financial
Officer
(Shanghai) Co., Ltd.
Bldg.56,369 Chuang
YE RD, Kangqiao
Shanghai, 201315
China

Ultra Clean Technology             Trade Payables      $1,834,145
Attn: Clarence Granger
Chairman & Chief Executive
Officer
2642 Corporate Avenue
Hayward, CA 94545
United States

NESCO Resource                     Trade Payables      $1,752,584
Attn: Chief Financial Officer
4500 S. Lakeshore Dr.
Tempe, AZ 85282
United States

Sumitomo (SHI)                     Trade Payables      $1,741,095
Cryogenics
Attn: David Dedman
President and Chief Financial
Officer of America, Inc.
1833 Vultee Street,
Allentown, pA 18103
United States

AEG Power Supply                  Trade Payables       $1,564,367
Systems GMBH
Attn: Chief Financial Officer
Emil-Siepmann-STR 32
Warstein-Belecke
59581
Germany

Baikoski International Corp.      Trade Payables       $1,530,920
Attn: Justin Otto
Vice President/General Manager
6601 Northpark
Blvd., Suite H
Charlotte, NC 28216
United States

Atlanta Trust Ltd.                Trade Payables       $1,316,134
Attn: Chief Financial Officer
615-623 Romces Road
Dartford, DA2 6DY
United Kingdom

Hangzhou Dahe                     Trade Payables       $1,185,238
Thermo-Magnetics Co.
Attn: Kenkan GA
Vice Chairman/President
777 Binkang Road
Binjiang District
Hangzhou, Zhejiang
Province, 310053
China

Airgas USA, LLC                   Trade Payables      $1,050,460
Attn: Andrew R. Cichocki
President
259 N Radnor
Chester Rd #100
Radnor, PA 19087
United States

Ranor, Inc.                       Arbitration-      Undetermined
Attn: Garth G. Hoyt, Esquire      Contract dispute
c/o McCausland, Keen, Buckman
Radnor Court, Suite 160
259 North Radner-Chester Rd.
Radnor, PA 19087-5257

Oxford Instruments Austin        Arbitration-       Undetermined
Inc.                             Contract Dispute
Attn: Chief Financial Officer
1340 Airport
Commerce DR #175
Austin, TX 78741
United States


HANOVER INSURANCE: Fitch Affirms BB Rating on 2027 Debentures
-------------------------------------------------------------
Fitch Ratings has affirmed the 'A-' Insurer Financial Strength
(IFS) rating of The Hanover Insurance Company, the principal
operating subsidiary of The Hanover Insurance Group (NYSE: THG).

Fitch has also affirmed the following ratings for THG:

-- Issuer Default Rating (IDR) at 'BBB';
-- Senior unsecured notes at 'BBB-'.

The Rating Outlook is Stable.

Key Rating Drivers

THG's ratings reflect adequate capitalization of U.S. operating
subsidiaries, and Fitch's belief that its internal capital
formation is likely to continue to marginally improve. The score
for U.S. subsidiaries on Fitch's Prism capital model was
'adequate' at year-end 2013. U.S. statutory surplus increased to
$1,975 million at June 30, 2014, a 30% increase in 18 months, with
improved operating results and no dividends paid to the holding
company.

Fitch believes THG's consolidated capitalization adequately
supports the company's risk profile. However, operating leverage
has increased significantly over the last three years, largely due
to acquisitions and limited growth in shareholders' equity. GAAP
operating leverage (shareholders' equity excludes unrealized gains
on fixed-income securities) was 1.87x and net leverage was 4.87x
at June 30, 2014. The financial leverage ratio (FLR) was 25.7% at
June 30, 2014.

THG reported a GAAP combined ratio of 97.8% for the first half of
2014 (1H'14) with 4.9 points in catastrophe losses. This result
marks continued improvement in the last 18 months, from an average
combined ratio of 102.3% for 2009-2012, with an average 7.1 points
in catastrophe losses. Return on equity improved to 9.7% and 10.2%
for 2013 and 1H'14, respectively. Operating EBIT coverage improved
to 6.0x and 5.7x for 2013 and 1H'14, respectively. Parent company
cash and investments was $112 million, net of unsettled
transactions at June 30, 2014.

Future earnings will continue to be affected by volatility tied to
changes in catastrophe related losses. THG is positioned for
continued profit improvement over the intermediate term due to
premium mix changes, but the benefits from premium rate
improvements are waning as competitive forces are leading to a
more competitive pricing environment in both commercial and
personal lines in recent periods. Product mix changes include a
more balanced U.S. risk appetite, shifts in the company's
geographic mix from traditional northeast markets and exposure
management efforts, coupled with a shift from a product
perspective toward more specialty commercial lines.

Rating Sensitivities

Key ratings triggers that could lead to a downgrade include: a
material and sustained deterioration in the Prism score and/or
GAAP operating leverage (excluding FAS 115) at or above 2.2x; GAAP
operating EBIT coverage sustained below 5x combined with
maintenance of parent company cash and investments less than 2x
annual interest expense; a material deterioration in underwriting
or operating performance relative to peers; and a material
deterioration in THG's reserve adequacy.

Key ratings triggers that could lead to an upgrade include
underwriting and consolidated profitability sustained at levels
comparable to higher rated companies and industry averages;
improvement in the Prism score to 'strong'; and maintenance of
run-rate FLR below 25%.

Fitch affirms the following ratings with a Stable Outlook:

The Hanover Insurance Group
-- IDR at 'BBB';
-- 7.5% senior notes due 2020 at 'BBB-';
-- 6.375% senior unsecured notes due 2021 at 'BBB-';
-- 7.625% senior unsecured notes due 2025 at 'BBB-';
-- 8.207% junior subordinated debentures due 2027 at 'BB';
-- 6.35% subordinated debentures due March 30, 2053 'BB'.


HARLON BROOKS: Court Says JPMorgan Lacks Interest in Proceeds
-------------------------------------------------------------
In the adversary proceeding captioned JPMORGAN CHASE BANK, N.A.
Plaintiff(s), v. W. STEVE SMITH Defendant(s), CASE NO. 09-38232,
ADVERSARY NO. 13-3064, (S.D. Tex.), J.P. Morgan Chase seeks
declaratory judgment that its interest in certain cash proceeds is
superior to that of the chapter 7 trustee in the case of Harlon
Brooks, et al.

Bankruptcy Judge David R. Jones, in a memorandum opinion dated
September 26, 2014, a copy of which is available at
http://is.gd/t7B7kzfrom Leagle.com, found that the proceeds are
estate property under 11 U.S.C. Section 541 and that JP Morgan has
no interest in the proceeds.

Harlon and Alfreddie Brooks owned and operated a number of
barbecue restaurants throughout Texas. These restaurants were
operated through a complex web of corporate affiliates.
Mr. and Mrs. Brooks filed their voluntary chapter 13 case on
October 30, 2009. The case was subsequently converted to a chapter
11 case.  During a confirmation hearing on June 30, 2010, counsel
for Mr. and Mrs. Brooks orally moved to appoint a chapter 11
trustee. The Court granted the motion.  In July 2010, the United
States Trustee sought and obtained approval to appoint W. Steve
Smith as the chapter 11 trustee in the case. On November 4, 2010,
the Court granted the trustee's motion to convert the case to
chapter 7.  Mr. Smith was subsequently appointed by the United
States Trustee as the chapter 7 trustee.


HELIA TEC: Disclosure Statement Approved; Confirmation on Dec. 3
----------------------------------------------------------------
U.S. Bankruptcy Judge David R. Jones has approved the Second
Amended Disclosure Statement in support of the Second Amended Plan
of Liquidation filed by Helia Tec Resources, Inc., dated Oct. 2,
2014.

The Second Amended Plan will facilitate the sale of substantially
all of the Debtor's operating assets to the highest bidder and
then distribute those proceeds to Creditors and Interest Holders
in accordance with the Bankruptcy Code.  Once the Second Amended
Plan is completed, the Debtor will be dissolved.  The Debtor
believes that the Second Amended Plan provides for the maximum
recovery available for all Classes of Claims and Equity Interests.

Under the Second Amended Plan, the Debtor will sell substantially
all of its assets.  The Debtor will seek authority to transfer the
Debtor's 1.2% IPI Percentage, $7MM PIA Deposit, and all other
assets to the Liquidating Debtor.  Then, pursuant to the terms of
the IPI Agreement the 1.2% IPI Percentage the Plan Agent shall
then seek to either sell, liquidate, or convert the 1.2% IPI
Percentage to cash, in such manner as is deemed appropriate by the
Plan Agent.  The Plan Agent will institute collection procedures
regarding the remaining PIA Deposit and reduce that asset to cash.
The remaining assets will be marshalled and liquidated to generate
funds for distribution pursuant to the confirmed Second Amended
Plan. Except for specifically identified assumed liabilities and
permitted liens, the Debtor's assets will be conveyed free and
clear of all liens, claims, interests and encumbrances under 11
U.S.C. ?? 1129(b)(2)(A)(iii) and 1123(a)(5).

Under the Second Amended Plan, the Plan Agent will use the
proceeds generated from liquidation of the Debtor's assets to
satisfy Allowed Claims and Interests in accordance with the
Bankruptcy Code.

The Debtor estimates that any sales funds will be distributed as
follows:

                                                    Est. Recovery
Cash Value of the Converted Stock, plus
Assumed Liabilities                                    $8,800,000

Pacific LNG Operations Project Investment
Agreement Deposit                                      $7,000,000

Other assets                                              Unknown

Estimated Proceeds Available for Distribution         $15,800,000

Total Estimated Assets Available for Distribution     $15,800,000

Less Secured Claims:
Attorney Contingency Fee (35%)                        $5,530,000
Secured Claims                                        $1,981,174
Total Secured Claims                                   $7,511,174

Less Chapter 11 Administrative and Priority Claims:
Allowed Administrative Expense Claim                    $400,000
A Plan Agent Contingency Fee (7.5%)                   $1,185,000
Current Trade Payables                                         0
Priority tax claims                                     $196,189
Chapter 11 professional fees                            $500,000

Total Administrative and Priority Claims               $2,281,189

Total Estimated Liquidation Proceeds Available to
Unsecured Claims:                                      $6,007,637

Estimated Distribution to Unsecureds 100%

The confirmation hearing is scheduled on Dec. 3, 2014, at
9:00 a.m. (Houston time).  Objections to the Plan must be filed on
or before Nov. 17, 2014 at 5:00 p.m. (Houston time).

                      About Helia Tec Resources

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

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

                           *     *     *

Helia Tec Resources will sell substantially all of its assets
pursuant to its First Amended Plan of Liquidation dated July 15,
2014, according to the explanatory disclosure statement.


HELLAS COMMUNICATIONS: Wants TPG Capital's Bid to Terminate Order
-----------------------------------------------------------------
Hellas Telecommunications (Luxembourg) II SCA asks the Bankruptcy
Court to overrule the (i) objection filed by TPG Capital
Management, L.P., et al.; and (ii) motion to terminate recognition
order; and (iii) dismiss the Chapter 15 case and the adversary
proceeding.

According to the Debtor, no party disputes that the claims
asserted in the complaint are the only basis upon which Hellas II
could satisfy Section 109(a) eligibility requirements.  Thus, the
termination motion boils down to a single issue: whether a U.K.
Debtor's inchoate, hypothetical, future causes of action
constituted intangible property located in the U.S. for purposes
of Section 109(a).

Additionally, the Debtors assert that the claims asserted in the
complaint are located outside of the United States; and there is
no prejudice that warrants denial of termination.

                  About Hellas Telecommunications

In February 2007, Hellas Telecommunications was purchased from
TPG Capital LP and Apax Partners by the Italian telecommunications
giant Weather Group.  The Company later suffered liquidity
problems and commenced administration proceedings in the U.K. in
November 2009.  The administrators sold 100% of the shares of Wind
Hellas to the existing owners, the Weather Group.  An order
placing the Company into liquidation was entered on Dec. 1, 2011.

Andrew Lawrence Hosking and Carl Jackson, as Joint Liquidators
petitioned for the Chapter 15 protection for the Company (Bankr.
S.D. N.Y. Case No. 12-10631) on Feb. 16, 2012.  Mr. Jackson was
later succeeded by Simon James Bonney, and then recently by Bruce
Mackay.

Bankruptcy Judge Martin Glenn presides over the Chapter 15 case.

The Debtor estimated assets and debts of more than $100,000,000.
The Debtor did not file a list of creditors together with its
petition.

The Foreign Representatives commenced the lawsuit against various
entities, captioned as, Hosking v. TPG Capital Management, L.P.,
et al., No. 14-01848 (MG) (Bankr. S.D.N.Y. March 13, 2014).  TPG
is represented by Paul M. O'Connor, III, Esq., and Andrew K.
Glenn, Esq., at Kasowitz, Benson, Torres, & Friedman, LLP of New
York, NY.  APAX is represented by Robert S. Fischler, Esq., and
Stephen Moeller-Sally, Esq., at Ropes & Gray LLP of New York, NY.
TCW is presented by Wayne S. Flick, Esq., and Amy C. Quartarolo,
Esq., at Latham & Watkins LLP of Los Angeles, CA.  Nikesh Aurora
is represented by William F. Gray, Jr., Esq., and Alison D. Bauer,
Esq., at Torys LLP of New York, NY and Michael A. Sherman, Esq.,
at Stubbs Alderton & Markiles, LLP of Sherman Oaks, CA.

U.S. counsel to the Foreign Representatives as against all
Defendants except Deutsch Bank AG and Nikesh Arora are Howard
Seife, Esq., Thomas J. McCormack, Esq., Andrew Rosenblatt, Esq.,
and Marc D. Ashley, Esq., at CHADBOURNE & PARKE LLP.

U.S. counsel to the Foreign Representatives as against Deutsch
Bank AG and Nikesh Arora are Alexander H. Schmidt, Esq., Alan
McDowell, Esq., and Jeremy Cohen, Esq., at WOLF HALDENSTEIN ADLER
FREEMAN & HERZ LLP.


HIGH MAINTENANCE: Amends Schedules of Assets and Liabilities
------------------------------------------------------------
High Maintenance Broadcasting, LLC filed with the Bankruptcy Court
amended schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property            $1,690,838
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                    $1,205
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                        $6,808,020
                                 -----------      -----------
        Total                    $1,690,838        $6,809,225

Copies of the schedules are available for free at
http://bankrupt.com/misc/HighMaintenance_287_amendedSAL.pdf
http://bankrupt.com/misc/HighMaintenance_288_amendedSAL.pdf

              About High Maintenance Broadcasting and
                          GH Broadcasting

High Maintenance Broadcasting LLC owns and operates full power
television station KUQI-TV (Channel 38), which is licensed in
Corpus Christi, Texas, and is primarily affiliated with the Fox TV
network.  It also owns the FCC license to operate the station as
well as domain name kuquitv.com.  GH Broadcasting Inc. owns and
operates two lower-power TV broadcast stations KXPX (Channel 14)
and KTOV (Channel 21), which are licensed in Corpus Christi, as
well as related equipment and FCC licenses for those stations.

On June 17, 2013, an involuntary petition for relief (Bankr.
S.D. Tex. Case No. 13-20270) was filed against High Maintenance by
Robert Behar, Estrella Behar, Leibowitz Family, Pedro Dupouy,
Latin Capital, Pan Atlantic Bank & Trust, Ltd., Sumit Enterprises,
LLC, Jose Rodriguez, Leon Perez, Jays Four, LLC, Benjamin J.
Jesselson, Jesselson Grandchildren, Joseph Kavana, Sawicki Family,
Shpilberg Mgmt, Saby Behar Rev, Morris Bailey pursuant to section
303 of the Bankruptcy Code.

An involuntary petition under Chapter 11 of the U.S. Bankruptcy
Code was also filed against GH Broadcasting, Inc., on July 2,
2013.  GH Broadcasting owns and operates television broadcast
stations KXPX CA and KTOV LP, which are licensed in Corpus
Christi, Texas.

On July 24, 2013, the Debtors filed responses to the involuntary
petition, in which they assented to the entry of an order for
relief.  The Court entered on July 25, 2013, consensual orders for
relief in each of the Debtors' cases.  On Aug. 1, 2013, the Court
entered an order for the joint administration of the cases.

The Debtors' counsel are Patrick J. Neligan Jr., Esq., and John D.
Gaither, Esq., at Neligan Foley LLP.

The noteholders include Robert Behar, Estrella Behar, Leibowitz
Family Broadcasting, LLC, Lermont Trading, Ltd., and Jays Four,
LLC.  The noteholders are represented by Ronald A. Simank, Esq.,
at Schauer & Simank, P.C.


HILTON WORLDWIDE: Waldorf Astoria Sale No Impact on Moody's CFR
---------------------------------------------------------------
Moody's Investors Service stated that Hilton Worldwide Holdings
Inc.'s recent announcement that it was selling the Waldorf Astoria
New York for $1.95 billion to Anbang Insurance Group Co., Ltd. has
credit positive implications. However, there is no current impact
to Hilton Worldwide Finance, LLC's B1 Corporate Family Rating and
positive outlook.

The principal methodology used in this rating was Global Lodging &
Cruise Industry Rating Methodology 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.

Hilton Worldwide Holdings Inc. operates one of the world's largest
hotel systems. The company operates 4,202 hotels, resorts and
timeshare properties comprising 693,980 rooms in 93 countries and
territories. Affiliates of The Blackstone Group L.P. own
approximately 66% of Hilton. Following the completion of its
September 2014 secondary offering Blackstone's ownership will fall
to approximately 55% to 57%. Annual net revenues are over $6.7
billion.


HRK HOLDINGS: Seeks Additional Regions Bank DIP Financing
---------------------------------------------------------
HRK Holdings and HRK Industries LLC ask the Bankruptcy Court for
authority to borrow additional amounts from Regions Bank under the
Second DIP Facility which would be secured by liens and the
protections previously approved by the Court in the Second DIP
Financing Order, and to extend the maturity date under the Second
DIP Facility and the Fourth DIP Facility.

The funds would be advanced under the Operating Line of Credit and
would be limited to expenses actually incurred by the Debtors
which are consistent with the Budget.

The Debtors have requested that the provisions governing the DIP
Loan Facilities be modified as follows:

    (a) Amount of the Operating Line of Credit: to use existing,
        unfunded availability and to obtain additional advances
        through October 2014, in the amount of $228,254, which
        would be advanced in accordance with the Budget.

    (b) Draws on the Operating Line of Credit shall be accompanied
        by a written certification that funds disbursed under the
        Operating Line of Credit will only be used to pay expenses
        set forth on the Budget approved by Regions.

    (c) Extended Maturity Date: Extend the Maturity Date nunc pro
        tunc under the Second DIP Facility and the Fourth DIP
        Facility through October 31, 2014.

    (d) To use existing availability under the Site Work Line of
        Credit during the extended maturity period as may be
        necessary and agreed by HRK, Regions, and DEP.

The advances shall be subject to the Conditions to Funding and the
same terms and conditions set forth in the Second DIP Facility
Financing Orders and the Fourth DIP Facility Financing Order.

As reported in the Troubled Company Reporter on Apr. 21, 2014,
HRK Holdings LLC obtained a court order extending to April 30 the
maturity dates under two loan facilities extended by Regions Bank
N.A.

The extension of the maturity dates will give the company
additional time to satisfy the conditions to funding, which
include the closing of two pending sales of HRK Holdings' real
property to Allied Universal Corp. and Mayo Fertilizer, Inc.

The order dated April 8, 2014, was signed by Judge K. Rodney May
of the U.S. Bankruptcy Court for the Middle District of Florida.

HRK Holdings is represented by:

         Scott A. Stichter, Esq.
         Barbara A. Hart, Esq.
         STICHTER RIEDEL BLAIN & PROSSER, P.A.
         110 Madison Street, Ste. 200
         Tampa, FL 33602
         Telephone: (813) 229-0144
         Facsimile: (813) 229-1811
         E-mail: sstichter@srbp.com
                 bhart@srbp.com

                           About HRK Holdings

HRK Holdings and HRK Industries LLC filed for Chapter 11
protection (Bankr. M.D. Fla. Case Nos. 12-09868 and 12-09869) on
June 27, 2012.  Judge K. Rodney May oversees the case.  Barbara A.
Hart, Esq., and Scott A. Stichter, Esq., at Stichter, Riedel,
Blain & Prosser, P.A., represents the Debtors.

HRK Holdings disclosed $33,366,529 in assets and $26,092,559 in
liabilities in its revised schedules.

According to the Debtors, the bankruptcy filing was necessitated
by the immediate need to sell a portion of the remaining property
to create liquidity for (a) funding the urgent management of the
site-related environmental concerns; the benefit of creditors;
funding a litigation filed by the Debtors; and funding of expenses
related to additional sales of the remaining property.

HRK Holdings is selling real property assets to Allied Universal
Corp. and Mayo Fertilizer, Inc.  The Court allowed HRK and the
purchasers to enter into any modifications to the agreements
without need of further Court approval, provided that no
amendments will occur without prior consent of Regions Bank.


HWA PROPERTIES: Case Summary & 2 Unsecured Creditors
----------------------------------------------------
Debtor: HWA Properties, Inc.
        2620 W. Michigan Ave., Suite A
        Kalamazoo, MI 49006

Case No.: October 6, 2014

Chapter 11 Petition Date: October 6, 2014

Court: United States Bankruptcy Court
       Middle District of Florida (Ft. Myers)

Debtor's Counsel: Stephen R Leslie, Esq.
                  STICHTER, RIEDEL, BLAIN & PROSSER, P.A.
                  110 East Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel: 813-229-0144
                  Email: sleslie.ecf@srbp.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Harry W. Albright, Jr., president.

A list of the Debtor's two largest unsecured creditors is
available for free at http://bankrupt.com/misc/flmb14-11774.pdf


IAMGOLD CORP: Moody's Lowers Corporate Family Rating to B1
----------------------------------------------------------
Moody's Investors Service downgraded IAMGOLD Corporation's
corporate family rating (CFR) to B1 from Ba3, probability of
default rating to B1-PD from Ba3-PD, and senior subordinate notes
rating to B2 (LGD5) from B1 (LGD4). The company's speculative
grade liquidity rating was affirmed at SGL-2. IAMGOLD's ratings
outlook remains negative.

Ratings Rationale

"Moody's downgraded IAMGOLD's rating to B1 to reflect the
company's expected increase in exposure to gold price volatility
and greater concentration of its cash flows from countries that
have relatively high geopolitical risks", said Darren Kirk,
Moody's vice president and senior credit officer, explaining that
the development follows IAMGOLD's agreement to sell its Canadian-
based niobium operations for cash proceeds of $500 million. "While
the sale of Niobec will temporarily boost the company's liquidity,
there is uncertainty associated with IAMGOLD plans to redeploy
these funds in yet-to-be identified gold assets at a time when the
price of gold is relatively weak", added Kirk.

IAMGOLD's B1 CFR is driven by the company's significant exposure
to gold price volatility, concentration of production from three
key gold mines, relatively short overall reserve life, and the
elevated political risk in the regions where the majority of its
cash flows are generated (mainly Burkina Faso, unrated, and
Suriname, Ba3 stable). The rating also reflects IAMGOLD's high
cost position, which ore hardness issues may further exacerbate
over the next couple of years, and Moody's belief that the company
will remain cash consumptive despite limited investments in growth
opportunities at a gold price below $1,250/oz. The rating is
supported by the company's good liquidity, improvements to its
cost position and business profile driven by the attainment of
commercial production at its Westwood gold mine in Quebec, Canada
on July 1, 2014, and Moody's expectation that IAMGOLD will manage
its adjusted leverage (Debt/ EBITDA) to a maximum of 4x through
2015. Absent attractive investment opportunities in cash
generating assets, this may require the company to use a portion
of its surplus cash to reduce indebtedness, particularly in the
event the gold price weakens toward $1,100/oz .

The negative outlook reflects pressure on the company's rating
given its narrow business profile, uncertainties associated with
its plans to redeploy proceeds from the sale of Niobec, and the
potential that its cash costs may continue to increase while the
price of gold remains relatively weak.

The rating could be upgraded if IAMGOLD achieves greater mine
diversity and reduced reliance on countries that have elevated
political/economic risks. IAMGOLD's leverage would also need to be
maintained below 2.5x.

The rating could be downgraded if the company's overall cash costs
continue to escalate without a higher gold price, if Moody's
expects the company's adjusted debt/EBITDA to be sustained above
4x, or should Moody's believe the company's liquidity position
would materially contract.

Headquartered in Toronto, Canada, IAMGOLD, owns gold mines in
Suriname (95%), Burkina Faso (90%) and Quebec, Canada. The company
also owns approximately 41% of a gold mine in Mali. The company
sold about 928 thousand gold equivalent ounces in 2013.

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


IBCS MINING: Wants Until Jan. 26 to Assume or Reject Leases
-----------------------------------------------------------
IBCS Mining, Inc. et al., ask the Bankruptcy Court to extend from
Oct. 27, 2014, until Jan. 26, 2015, the deadline to assume or
reject the leases.

The Debtors say that they had been focused on resuming business
operations and obtaining necessary debtor-in-possession financing.
As such, the Debtors have not yet had the opportunity to identify
or make final determinations regarding the assumption or rejection
of its unexpired leases of non-residential real property.

                        About IBCS Mining

IBCS Mining, Inc., and IBCS Mining, Inc., Kentucky Division, filed
separate Chapter 11 bankruptcy petitions (Bankr. W.D. Va. Case
Nos. 14-61215 and 14-61216) on June 27, 2014.  Edmund Scarborough
signed the petition as president.  Hirschler Fleischer, P.C.,
serves as the Debtors' counsel.  The Court on July 8, 2014,
authorized the joint administration of the cases.  The cases are
assigned to Judge Kevin R. Huennekens.  IBCS Mining estimated
assets and debts of at least $10 million.  IBCS Mining Inc.
disclosed $6,914,815 in assets and $7,279,157 in liabilities.

The U.S. Trustee for Region 4 appointed two creditors to serves in
the Official Committee of Unsecured Creditors.


IBCS MINING: Wants Until Jan. 26 to Propose Chapter 11 Plan
-----------------------------------------------------------
IBCS Mining, Inc. et al., ask the Bankruptcy Court to extend their
exclusive periods to file a Chapter 11 Plan until Jan. 26, 2015,
and solicit acceptances for that Plan until March 27, 2015.

The Debtors say that they have been in negotiations with
interested parties concerning the sale of substantially all of the
Debtor's assets.  The Debtors must close the sale by Dec. 15,
2014.

Absent an extension, the exclusive filing period for the Debtors
will expire on Oct. 27, 2014, and their solicitation period will
expire on Dec. 24.

                        About IBCS Mining

IBCS Mining, Inc., and IBCS Mining, Inc., Kentucky Division, filed
separate Chapter 11 bankruptcy petitions (Bankr. W.D. Va. Case
Nos. 14-61215 and 14-61216) on June 27, 2014.  Edmund Scarborough
signed the petition as president.  Hirschler Fleischer, P.C.,
serves as the Debtors' counsel.  The Court on July 8, 2014,
authorized the joint administration of the cases.  The cases are
assigned to Judge Kevin R. Huennekens.  IBCS Mining estimated
assets and debts of at least $10 million.  IBCS Mining Inc.
disclosed $6,914,815 in assets and $7,279,157 in liabilities.

The U.S. Trustee for Region 4 appointed two creditors to serves in
the Official Committee of Unsecured Creditors.


IBCS MINING: Wants Removal Period Extended Until Ch. 11 Exit
------------------------------------------------------------
IBCS Mining, Inc. et al., ask the Bankruptcy Court to extend their
time to file notices of removal with respect to any civil actions
pending as of the Petition Date until the effective date of any
plan filed by the Debtors.

IBCS Mining, Inc., and IBCS Mining, Inc., Kentucky Division, filed
separate Chapter 11 bankruptcy petitions (Bankr. W.D. Va. Case
Nos. 14-61215 and 14-61216) on June 27, 2014.  Edmund Scarborough
signed the petition as president.  Hirschler Fleischer, P.C.,
serves as the Debtors' counsel.  The Court on July 8, 2014,
authorized the joint administration of the cases.  The cases are
assigned to Judge Kevin R. Huennekens.  IBCS Mining estimated
assets and debts of at least $10 million.  IBCS Mining Inc.
disclosed $6,914,815 in assets and $7,279,157 in liabilities.

The U.S. Trustee for Region 4 appointed two creditors to serves in
the Official Committee of Unsecured Creditors.


IBIO INC: Has $3.67-Mil. Net Loss in FY Ended June 30
-----------------------------------------------------
iBio, Inc., filed with the U.S. Securities and Exchange Commission
on Sept. 29, 2014, its annual report on Form 10-K for the fiscal
year ended June 30, 2014.

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 the years ended June 30, 2014 and 2013 and has an
accumulated deficit as of June 30, 2014.

The Company reported a net loss of $3.67 million on $205,000 of
revenues for the fiscal year ended June 30, 2014, compared with a
net loss of $6.2 million on $1.01 million of revenues in the prior
year.

The Company's balance sheet at June 30, 2014, showed $6.49 million
in total assets, $395,000 in total liabilities and stockholders'
equity of $6.1 million.

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

                       http://is.gd/JBNtVo

Newark, Del.-based iBio, Inc., is a biotechnology company focused
on commercializing its proprietary platform technologies: the
iBioLaunch(TM) platform for vaccines and therapeutic proteins, and
the iBioModulator(TM) platform for vaccine enhancement.


IHS HOTELS: Case Summary & Largest Unsecured Creditor
-----------------------------------------------------
Debtor: IHS Hotels, Inc
        239 East Gibson Street
        Jasper, TX 75951

Case No.: 14-10508

Chapter 11 Petition Date: October 6, 2014

Court: United States Bankruptcy Court
       Eastern District of Texas (Beaumont)

Debtor's Counsel: Samuel L. Milledge, Esq.
                  MILLEDGE LAW FIRM, PLLC
                  10333 Northwest Freeway, Ste. 202
                  Houston, TX 77092
                  Tel: 713-812-1409
                  Fax: 713-812-1418
                  Email: milledge@milledgelawfirm.com

Total Assets: $2.87 million

Total Liabilities: $1.54 million

The petition was signed by Channu Engineer, vice president.

The Debtor listed Milledge Law Firm, P.C., as its largest
unsecured creditor holding a claim of $5,783.

A copy of the petition is available for free at:

            http://bankrupt.com/misc/txeb14-10508.pdf


IMMUNOCLIN CORP: Reports $996K Net Loss for July 31 Quarter
-----------------------------------------------------------
Immunoclin Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
loss of $996,716 on $nil of revenues for the three months ended
July 31, 2014, compared with a net loss of $217,552 on $nil of
revenues for the same period in the prior year.

The Company's balance sheet at July 31, 2014, showed
$19.8 million in total assets, $1.77 million in total liabilities
and total stockholders' equity of $18.05 million.

As of July 31, 2014, the Company has minimal revenues, and has a
working capital deficit of $1.64 million and an accumulated
deficit of $14.65 million.  The continuation of the Company as a
going concern is dependent upon the continued financial support
from its management, and its ability to identify future investment
opportunities and obtain the necessary debt or equity financing,
and generating profitable operations from the Company's future
operations.  These factors raise substantial doubt regarding the
Company's ability to continue as a going concern, according to the
regulatory filing.

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

                       http://is.gd/ME4LW8

Immunoclin Corporation formerly Pharma Investing News, Inc., is a
healthcare company headquartered in Beverly Hills, California.
The Company provides clinical and basic science research services
to pharmaceutical, biotechnology and food industries.


IMPLANT SCIENCES: Incurs $5.6 Million Net Loss in Q4
----------------------------------------------------
Implant Sciences Corporation reported a net loss of $5.69 million
on $1.52 million of revenues for the three months ended June 30,
2014, compared to a net loss of $5.54 million on $2.40 million of
revenues for the same period in 2013.

For the fiscal year ended June 30, 2014, the Company reported a
net loss of $21.01 million on $8.55 million of revenues compared
to a net loss of $27.35 million on $12.01 million of revenues
during the prior fiscal year.

Glenn D. Bolduc, president and CEO of Implant Sciences, commented,
"During our recently concluded quarter and fiscal year we
continued to progress through several regulatory approval
processes, most notably we achieved TSA qualification for both air
cargo and checkpoint screening, STAC certification and approvals
in China and Germany, all of which are important strategic
achievements that we believe position the Company for consistent
and sustainable growth.  We have taken important steps to broaden
the markets we serve, increase our revenue opportunities, and
improve our financial stability."

A copy of the press release is available for free at:

                        http://is.gd/pqSqle

                      About Implant Sciences

Implant Sciences Corporation (OBB: IMSC.OB) --
http://www.implantsciences.com/-- develops, manufactures and
sells sensors and systems for the security, safety and defense
(SS&D) industries.

The Company's balance sheet at June 30, 2014, showed $5.47 million
in total assets, $66.68 million in total liabilities and a $61.20
million total stockholders' deficit.

Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended June 30, 2014.  The independent auditors noted that
the Company has had recurring net losses and continues to
experience negative cash flows from operations.  As of Sept. 23,
2014, the Company's principal obligation to its primary lenders
was approximately $53,437,000 and accrued interest of
approximately $10,163,000.  The Company is required to repay all
borrowings and accrued interest to these lenders on March 31,
2015.  These conditions raise substantial doubt about its ability
to continue as a going concern.

                        Bankruptcy Warning

"Despite our current sales, expense and cash flow projections and
$17,512,000 in cash available from our line of credit with DMRJ,
at September 23, 2014, we will require additional capital in the
third quarter of fiscal 2015 to fund operations and continue the
development, commercialization and marketing of our products.  Our
failure to achieve our projections and/or obtain sufficient
additional capital on acceptable terms would have a material
adverse effect on our liquidity and operations and could require
us to file for protection under bankruptcy laws," the Company
stated in the Fiscal 2014Report.


INDEX RECOVERY: Files Disclosure Statement on Liquidating Plan
--------------------------------------------------------------
Index Recovery Group, LP, has filed a Disclosure Statement in
support the Debtor's Plan of Liquidation dated Sept. 25, 2014.

The Debtor, formerly known as SPhinX Managed Futures Index Fund,
LP, intends for the Plan to go effective as promptly as possible
thereafter and to make an initial distribution to allowed
nonsubordinated unsecured creditors equal to 100% of their allowed
claims, and then to investors of not less than $15 million, which
is approximately 43% of the redemption claim for each investor.
The Fund will make an initial distribution as soon as possible
after the effective date of the Plan.

The Fund's General Partner may act as or appoint an independent
party to act as plan administrator who will liquidate the Fund's
remaining Assets to Cash and distribute that Cash to holders of
Allowed Claims.  The Fund's only material non-Cash Asset is its
interest in and claims against the SPhinX Group, which is in
liquidation in the Cayman Islands.  The Plan provides a release to
and exculpation for the Plan Administrator, the General Partner,
and other parties for actions taken during the course of the
bankruptcy case, and limits the liability of the Plan
Administrator and related parties for actions taken in carrying
out the Plan.

All non-subordinated creditors will be paid in full under the
Plan.  The Fund is aware of approximately $160,000 in undisputed,
non-subordinated unsecured claims and approximately $300,000 in
non-subordinated, unliquidated, contingent and/or disputed
unsecured claims.  The Fund is not aware of any priority claims.
After payment of or reservation of funds for nonsubordinated
claims, the holders of allowed subordinated unsecured claims will
receive a pro rata share of Cash available for distribution after
liquidation of the Assets.  The Assets are Cash and the Fund's
remaining claims against and interests in the SPhinX Group.

The Fund estimates that it will be able to make an initial
distribution or reservation of approximately $465,000 on account
of non-subordinated unsecured claims on the Effective Date, as
well as a distribution or reservation of approximately $15 million
of Cash on account of subordinated investor claims, also on the
Effective Date of the Plan.  The Fund estimates that the
subordinated, unsecured redemption claims held by investors equals
approximately $35 million.  Therefore, the Fund estimates that
investors will receive an initial distribution of approximately
43% of the value of their redemption claim (calculated as of
December 31, 2005).

Subsequent distributions will depend on the Fund's future
recoveries from the SphinX Group.  In November 2011, the joint
official liquidators (the "JOLs") of the SPhinX Group estimated
that investors such as the Fund should anticipate receiving total
distributions from the SPhinX Group of between 39% and 56%.  These
distributions are based upon a net claim that the Fund has against
SPhinX Group of $38,131,913.43.  It should be noted that these
estimates depend upon a number of assumptions made by the JOLs as
of November 2011.

The JOLs' recovery estimates predate the SPhinX Group making
substantial additional recoveries (and incurring substantial
additional costs) in the course of the SPhinX Group liquidation.
Additionally, the SPhinX Group is continuing to liquidate certain
of its assets, specifically claims against third party litigation
targets.  For purposes of this Disclosure Statement, the Fund uses
the JOLs' estimates from November 2011.  However, based upon the
recoveries made to date, it is possible that the Fund's percentage
recovery from the SPhinX Group may be materially higher than the
low-end estimate provided by the JOLs in November 2011.  Such
further distributions may be as much as $5 million to $9 million,
which would yield a total likely recovery on account of the Fund's
limited partners' redemption claims of 51% to 62%.

Investors who do not participate in this bankruptcy will not be
entitled to receive a Distribution and their Distribution may
ultimately be deemed undeliverable.  Undeliverable Distributions
will form part of the Assets available for further Distributions
to other investors.  Similarly, the Fund's books and records may
be incorrect and investors' redemption claims may be higher than
$35 million, in which case investor recoveries may be lower.  The
Fund has also estimated that it will set an initial reserve to
implement the Plan of $240,000.  If these costs are lower, the
Distributions to investors will increase.  The Fund believes that
the contingencies discussed herein are material, but this is not
an exhaustive list of the contingencies associated with
implementing the Plan.

The hearing on the proposed Disclosure Statement for the
Debtor's Plan of Liquidation is scheduled for Oct. 23, 2014,
at 10:30 a.m.

                    About Index Recovery Group

Index Recovery Group, LP, sought Chapter 11 protection (Bankr.
N.D.N.Y. Case No. 14-61434) in Utica, New York, on Sept. 2, 2014.
The Debtor disclosed total assets of $13.76 million and total
liabilities of $35.48 million.  Judge Diane Davis presides over
the case.  The Debtor is represented by Jeffrey A. Dove, Esq., at
Menter, Rudin & Trivelpiece, P.C.


INTERNATIONAL MANUFACTURING: IMG Funding Asks Court to Lift Stay
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of California
has set for Oct. 22, 2014, at 10:00 a.m. a hearing to consider IMG
Funding, LLC's motion for relief from automatic stay to allow it
to continue prepetition litigation, including amendment of the
complaint to name International Manufacturing Group, Inc., and
non-debtor entities as additional defendants.

IMF Funding alleges that it was defrauded by the Debtor and debtor
Deepal Wannakuwatte immediately before Mr. Wannakuwatte's arrest.
IMG Funding believes that it can trace its funds into accounts
still held by the Debtor's bankruptcy estate to accounts held by
the bankruptcy estate of Betsy Wannakuwatte, to an escrow account
held by non-debtor AIC Title, Inc., and to funds turned over to
the U.S. Marshall's office.  IMG Funding had commenced prepetition
litigation in the U.S. District Court for the Eastern District of
California and obtained a prepetition freeze on these assets.  IMG
Funding now seeks relief from stay to assert and resolve its
claims that these funds are impressed with a constructive trust in
favor of IMG Funding.

IMF Funding seeks relief from stay to obtain a judicial
determination of its legitimate claims to beneficial ownership of
assets in the name of debtors and non-debtor entities.

IMG Funding contends that Mr. Wannakuwatte used the Debtor to
perpetrate a Ponzi scheme and defraud numerous parties, including
IMG Funding.  Mr. Wannakuwatte has pled guilty to engaging in
criminal activity and is currently incarcerated awaiting
sentencing.

IMG Funding is represented by:

      Wilke, Fleury, Hoffelt, Gould & Birney, LLP
      Daniel L. Egan, Esq.
      Megan A. Lewis, Esq.
      Steven J. Williamson, Esq.
      400 Capitol Mall, Twenty-Second Floor
      Sacramento, California 95814
      Tel: (916) 441-2430
      Fax: (916) 442-6664
      E-mail: degan@wilkefleury.com
              mlewis@wilkefleury.com
              swilliamson@wilkefleury.com

               About International Manufacturing

Deepal Wannakuwatte, the mastermind of a $150 million Ponzi
scheme, put himself and his company, International Manufacturing
Group Inc., into Chapter 11 after he pleaded guilty to one count
of wire fraud and agreed to a 20-year prison sentence.  The
bankruptcy filing was part of his plea bargain with federal
prosecutors.  Mr. Wannakuwatte is the former owner of the
Sacramento Capitols tennis team.

International Manufacturing Group, Inc., filed a bare-bones
Chapter 11 bankruptcy petition (Bankr. E.D. Cal. Case No.
14-25820) in Sacramento, on May 30, 2014.  The case is assigned to
Judge Robert S. Bardwil.

The Debtor has tapped Marc A. Caraska, in Sacramento, as counsel.

In June 2014, Beverly N. McFarland was appointed as Chapter 11
trustee for the Debtor.  She has tapped Felderstein Fitzgerald
Willoughby & Pascuzzi LLP as her bankruptcy counsel; Diamond
McCarthy LLP as her special litigation counsel; Gabrielson &
Company as accountant; and Karen Rushing as bookkeeper outside the
ordinary course of business.

According to the docket, governmental entities have until Nov. 26,
2014, to file claims.

The U.S. Trustee for Region 7 appointed a three-member unsecured
creditors panel comprising of Byron Younger, Janine Jones, and
Steve Whitesides.


ISORAY INC: Widens Loss to $5.96-Mil. in Fiscal 2014
----------------------------------------------------
IsoRay, Inc., filed with the U.S. Securities and Exchange
Commission on Sept. 29, 2014, its annual report on Form 10-K for
the fiscal year ended June 30, 2014.

The Company reported a net loss of $5.96 million on $4.22 million
of product sales for the fiscal year ended June 30, 2014, compared
with a net loss of $3.86 million on $4.52 million of product sales
last year.

The Company's balance sheet at June 30, 2014, showed $26.5 million
in total assets, $2.59 million in total liabilities and
stockholders' equity of $24.0 million.

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

                       http://is.gd/wDev7X

                        About IsoRay Inc.

IsoRay, Inc. fka Century Park Pictures Corporation has no
operations, assets or liabilities since its fiscal year ended
Sept. 30, 1999 through June 30, 2005.  The company merged with
IsoRay Medical, Inc., on May 27, 2005, and the merger closed on
July 28, 2005.  As a result of the merger, the company changed its
name to IsoRay, Inc.  IsoRay Medical sells IsoRay 131Cs
brachytherapy seed for the treatment of prostate cancer.


JAMES E. WALKER: District Court Won't Reinstate Bankruptcy Case
---------------------------------------------------------------
Connecticut District Judge Vanessa L. Bryant tossed an appeal by
debtors James E. Walker and Barbara A. Walker from the bankruptcy
court order dismissing their Chapter 11 case with a two-year bar
on refiling for relief under the United States Bankruptcy Code.
The Walkers do not contest that there was cause to dismiss the
case; instead, they argue that the bankruptcy court erred in
failing to consider a sanction less severe than dismissal and the
imposition of a two-year bar where less severe sanctions were
available.

"This Court finds neither factual or legal error nor abuse of
discretion in the bankruptcy judge's decision dismissing the
appellant's bankruptcy case and barring appellants from filing for
bankruptcy for two years upon its finding that the appellants
acted in bad faith and their proposed plan or reorganization was
neither in the best interest of the estate or the creditors. As a
result, the Court affirms the dismissal of appellants' case by the
bankruptcy court. The clerk is directed to close this file," Judge
Bryant said in her September 30, 2014 Memorandum of Decision
available at http://is.gd/SMVMhIfrom Leagle.com.

The Walkers' voluntarily filed for Chapter 11 bankruptcy as
individuals (Bankr. D. Conn. Case No. 13-30603) on April 5, 2013.
This bankruptcy filing is the Walkers' fourth since 1997 and their
third in the last five years.


JOHN MICHAEL LICURSI: $76,047 Added to CB&T Claim, Court Says
-------------------------------------------------------------
John and Susan Licursi filed the case captioned In re: John
Michael Licursi, Susan Annette Licursi, Chapter 11, Debtor(s),
CASE NO. 1:10-BK-26168-GM, (C.D. Cal.) on December 28, 2010, under
chapter 11 of the Bankruptcy Code. At that time they had three
legal relationships with California Bank & Trust (CB&T):

     -- a guaranty for their business Spectrum Glass & Aluminum,
Inc. (which resulted in actions in the superior court against
Spectrum Glass & Aluminum, Inc. and the Licursis on the note and
guaranty as well as an action in the superior court against
Spectrum Glass & Mirror, Inc. seeking stock, etc.),

     -- a second deed of trust on the Debtors' business property
on Burbank Blvd., and

     -- a first deed of trust on a piece of vacant land in Malibu.

The Burbank Blvd. property was sold during the bankruptcy with no
payment to CB&T on its second trust deed. Because the deeds of
trust were not cross-collateralized, the sale of this property
resulted in an unsecured claim for the deficiency on the Burbank
Blvd. loan.

The remaining secured claim is due to a first trust deed on vacant
land in Malibu. Because the various loans were not cross-
collateralized, the Debtors agree that while they owe attorneys'
fees and interest on the claim secured by the Malibu property,
they assert that they do not owe such monies as to work done on
the Burbank Blvd. portion of the claim or the superior court
action on the guaranty.  CB&T does not dispute that it is not
entitled to have a lien on Malibu for fees and interest arising
from the Burbank Blvd. portion of the claim or for the superior
court action or the adversary proceedings that took place or due
to its sanctions motion.

The Debtors are now trying to refinance the Malibu property, pay
CB&T off, and move forward to confirm a plan. The Debtors argue
that the CB&T proof of claim is a "moving target" and that this
causes a problem in obtaining the financing. As of May 1, 2014,
CB&T was seeking a total of $341,594.08, of which $175,407.58 was
for principal, $92,533.17 was legal fees through April 30, 2014,
$38,965.98 was interest and another $26,910.54 was default
interest. According to CB&T, the figures for interest and
attorneys' fees have increased and as of August 25, 2014 they are
as follows: interest of $42,852.98; default interest of
$26,910.54; legal fees of $101,795.88.  The Debtors assert that
the total fees attributable exclusively to Malibu are no more than
$56,683.84 as of August 25, 2014.

On October 2, 2014, Bankruptcy Judge Geraldine Mund issued a
partial ruling holding that the amount of attorneys' fees to be
added to the secured claim as of August 25, 2014 is $76,047.94.

Judge Mund directed the respective parties to provide the Court
with specifics as to disputes on interest, default interest,
foreclosure fees, and appraisal fees. This is to be filed no later
than October 8, with any response due by October 13. Further, Mr.
Goodman is to file a copy of the chart and comments that he
provided to the Court on about September 24, 2014, Judge Mund
added.

A copy of the Court's partial ruling is available at
http://is.gd/GUYqz3from leagle.com.


JPJ REAL ESTATE: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: JPJ Real Estate Holdings, LLC
        4 Taft Court, Suite 250
        Rockville, MD 20850

Case No.: 14-25473

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: October 6, 2014

Court: United States Bankruptcy Court
       District of Maryland (Greenbelt)

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: Craig A Butler, Esq.
                  THE BUTLER LAW GROUP, PLLC
                  1425 K Street, NW, Suite 350
                  Washington, DC 20005
                  Tel: 202 587 2773
                  Fax: 202 591 1727
                  Email: cab.esq@gmail.com
                         cbutler@blgnow.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jerome Johnson, managing member.

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


KAZI FOODS: Court Rejects Founder's Discovery Bid in KFC Rift
-------------------------------------------------------------
Senior District Judge John G. Heyburn, II, in Louisville,
Kentucky, denied the requests of Zubair Kazi, founder, Chairman,
and CEO of Kazi Foods, Inc., to assert affirmative defenses and to
conduct discovery in the lawsuit filed against him by KFC
Corporation.

Prior to a recent bankruptcy, four Kazi franchisee entities
operated 142 KFC restaurants in several states.  Kazi personally
signed guaranty agreements for each restaurant, promising to repay
to KFC any unpaid debts incurred by his franchisee entities under
the various franchise agreements signed between KFCC and the Kazi
entities.

In an August 2014 Memorandum Opinion, the District Court found
that the Guaranties were enforceable.  However, questions remained
as to (1) whether Kazi could conduct discovery on certain
affirmative defenses and (2) the full extent of KFCC's recoverable
damages.  The most significant issue is whether the bankruptcy
proceedings involving the Kazi entities bar Kazi himself from now
asserting affirmative defenses to the debt.

After careful consideration, the Court determines that Kazi is
precluded from raising his affirmative defenses.  Therefore,
discovery is unnecessary.

The bankrupt entities are Kazi Foods of Florida, Inc., Kazi Foods
of New York, Inc., Kazi Foods of Annapolis, Inc., and Kazi Foods
of Michigan, Inc.  They are not parties to the guaranty suit.

KFCC terminated the Kazi Michigan licenses in December 2010 over
pre-petition defaults under various agreements.  The other
restaurants lost their licenses upon filing for bankruptcy, a
default termination provision per the franchise agreements.

KFCC believes it is owed money for royalties, de-imaging costs,
equipment leases, local co-op advertising fees, and ground lease
monies.  It also seeks certain late charges and costs, like
attorneys' fees.

Kazi argues that KFCC's decisions to push "Kentucky Grilled
Chicken" and focus on China and other emerging markets at the
expense of U.S. franchisees led to the failure of the Kazi
entities.

The Court noted that both appear to be simple business judgments
made by KFCC. Kazi has cited no legal authority supporting the
viability of either his Grilled Chicken or China Defense.

The cases are KFC CORPORATION, Plaintiff, v. ZUBAIR M. KAZI,
Defendant. KFC NATIONAL COUNCIL & ADVERTISING COOPERATIVE, INC.,
Plaintiff, v. ZUBAIR M. KAZI, Defendant, Civil Action Nos. 3:12-
CV-564-H, 3:13-CV-291-H (W.D. Ky.).  A copy of the District
Court's Sept. 30, 2014 Memorandum Opinion and Order is available
at http://is.gd/2v7rQWfrom Leagle.com.

Zubair M. Kazi is represented by:

     Christopher E. Schaefer, Esq.
     Katie M. Guthrie, Esq.
     Matthew R. Lindblom, Esq.
     William Jay Hunter, Jr., Esq.
     Brad S. Keeton, Esq.
     STOLL KEENON OGDEN PLLC
     500 West Jefferson Street
     2000 PNC Plaza
     Louisville, KY 40202-2828
     Tel: 502-568-5721
     Fax: 502-627-8790
     E-mail: christopher.schaefer@skofirm.com
             katie.guthrie@skofirm.com
             matthew.lindblom@skofirm.com
             william.hunter@skofirm.com
             brad.keeton@skofirm.com

                        About Kazi Foods

Kazi Foods is the second-largest Kentucky Fried Chicken franchisee
and the 11th-largest restaurant franchisee in the world.  The
bankruptcy filing by four of its 11 entities affects approximately
130 restaurant locations across Michigan, Florida, New York, New
Jersey and Maryland.

Kazi Foods of Michigan Inc. and Kazi Foods of Florida Inc. filed
for Chapter 11 bankruptcy (Bankr. E.D. Mich. Case Nos. 11-43971
and 11-43986) on Feb. 17, 2011.  Kazi Foods of Annapolis, Inc.,
filed a Chapter 11 petition (Bankr. E.D. Mich. Case No. 11-47556)
on March 21, 2011.  Kazi Foods of New York, Inc., simultaneously
sought Chapter 11 protection (Case No. 11-47551).

Stephen M. Gross, Esq. -- sgross@mcdonaldhopkins.com -- at
McDonald Hopkins, PLC, represents the Debtors.  Kazi Michigan
estimated under $50,000 in assets and $1 million to $10 million in
debts.  Each of Kazi Florida, Kazi Annapolis and Kazi NY estimated
$1 million to $10 million in both assets and debts.


LEVEL 3 FINANCING: Moody's Rates $1.5MM Sr. Secured Debt '(P)Ba3'
-----------------------------------------------------------------
Moody's Investors Service assigned a provisional (P) Ba3 rating to
Level 3 Financing, Inc.'s $1,500 million senior secured 7-year
term loan and placed the term loan on review for upgrade. Level 3
Financing is a wholly-owned indirect subsidiary of Level 3
Communications, Inc. (Level 3). Proceeds will help fund the
acquisition of tw telecom (TWT; Ba3, ratings under review, down),
which was announced in June and is expected to close before year-
end. Level 3's B3 corporate family and probability of default
ratings (CFR and PDR, respectively), as well as all instrument
ratings (see listing below), remain unchanged and are on review
for upgrade.

At closing, it is expected that all of TWT's indebtedness will be
refinanced and since the new term loan will rank equally with
Level 3 Financing's existing term loans, new term loan is rated
equivalently with the existing term loan.

Per Moody's event risk policy, Level 3's ratings remain under
review for upgrade until all the facts are available and there is
certainty of the acquisition closing. Based on existing
information, Level 3's CFR is expected to be upgraded by one or
two notches and, depending on the proportions of secured and
unsecured debts, instrument ratings are expected to either remain
unchanged or be upgraded by one notch. Ratings for effectively
subordinated debts issued by Level 3 are expected to remain two
notches below the CFR irrespective of the CFR being upgraded one
notch or two. Pending normal regulatory and shareholder approvals,
the transaction is expected to close by year-end.

The new $1,500 million term loan is the follow up transaction to
the $1,000 million notes, which was issued in July [at Level 3
Escrow II, Inc.], as Level 3 accesses the market to fund both the
cash component of its bid, plus proceeds with which to refinance
TWT's outstanding indebtedness. With Level 3 having arranged a $3
billion back-stop bridge facility, Moody's expects Level 3 to
access the market periodically prior to closing so that the bridge
is not utilized.

The following summarizes the rating actions and Level 3's ratings:

Issuer: Level 3 Financing, Inc.

Senior Secured Term Loan, Assigned (P) Ba3 (LGD2)

Issuer: Level 3 Communications, Inc.

Outlook, Unchanged at Rating Under Review

Corporate Family Rating, Unchanged at on Review for Possible
Upgrade, currently B3

Probability of Default Rating, Unchanged at on Review for
Possible Upgrade, currently B3-PD

Senior Unsecured Notes, Unchanged at on Review for Possible
Upgrade, currently Caa2 (LGD6)

Speculative Grade Liquidity Rating Unchanged at SGL-2 (good
liquidity)

Issuer: Level 3 Financing, Inc.

Outlook, Unchanged at Rating Under Review

Senior Secured Bank Credit Facility, Unchanged at on Review for
Possible Upgrade, currently Ba3 (LGD2)

Senior Unsecured Regular Bond/Debenture, Unchanged at on Review
for Possible Upgrade, currently B3 (LGD4)

Issuer: Level 3 Escrow II, Inc.

Outlook, Unchanged at Rating Under Review

Senior Unsecured Notes, Unchanged at on Review for Possible (P)
B3 (LGD4)

Ratings Rationale

Since Moody's expects improved free cash generation and reduced
leverage, Level 3's ratings -- which are anchored via its B3
corporate family rating (CFR) -- are on review for upgrade
following the announcement that Level 3 will acquire TWT (pending
normal regulatory approvals, the transaction is expected to close
in the fourth quarter of 2014). Per Moody's event risk policy,
Level 3's ratings remain under review for upgrade until all the
facts are available and there is certainty of the acquisition
closing. Based on existing information, Level 3's CFR is expected
to be upgraded by one or two notches and, depending on the
proportions of secured and unsecured debts, instrument ratings are
expected to either remain unchanged or be upgraded by one notch.
Ratings for effectively subordinated debts issued by Level 3 are
expected to remain two notches below the CFR irrespective of the
CFR being upgraded one notch or two. Pending normal regulatory and
shareholder approvals, the transaction is expected to close by
year-end.

Absent the business combination, Level 3's B3 CFR is based on the
company's limited ability to generate free cash flow and the lack
of visibility with respect to current and future activity levels.
Level 3 has a reasonable business proposition as a facilities-
based provider of optical, Internet protocol telecommunications
services for business enterprises, however, owing to excess
capacity, exposure to legacy telecommunications services and
difficult foreign competitive dynamics, Moody's expect relatively
weak consolidated revenue and margin growth post-Global Crossing
Limited synergies. With no quantity or price metrics disclosed by
the company, visibility of current and future activity is very
limited, a credit negative.

Corporate Profile -- Level 3 Communications Inc.

Headquartered in Broomfield, Colorado, Level 3 Communications,
Inc. (Level 3) is a publicly traded international communications
company with one of the world's largest long-haul communications
and optical Internet backbones. Level 3's annual revenue is
approximately $6.4 billion and annual (Moody's adjusted) EBITDA is
$2.0 billion. Approximately 73% of revenue is generated in North
America, 15% in Europe, and 12% in Latin America.

Corporate Profile -- tw telecom

With head offices in Littleton, Colorado, tw telecom inc. is a
competitive communications provider. The company provides managed
network services, Internet access, virtual private network, voice
and data services, and network security to enterprise
organizations and communications services companies throughout the
US. TWTC's footprint extends to 75 of the top 100 markets in the
US.

The principal methodology used in this rating was the Global
Communications Infrastructure Rating Methodology published in June
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.


LEVEL 3 FINANCING: Fitch Rates Tranche B 2022 Term Loan 'BB+'
-------------------------------------------------------------
Fitch Ratings has assigned a 'BB+/RR1' rating to Level 3
Financing, Inc.'s proposed senior secured term loan (Tranche B
2022 Term Loan) under its existing senior secured credit facility.
Level 3 Financing is a wholly owned subsidiary of Level 3
Communications, Inc. (LVLT). The Issuer Default Rating (IDR) for
both LVLT and Level 3 Financing is 'B+' with a Positive Rating
Outlook. LVLT had approximately $8.4 billion of consolidated debt
outstanding on June 30, 2014.

Proceeds generated from the Tranche B 2022 are expected to be used
to fund the cash utilized to fund, in part, the cash consideration
of LVLT's previously announced acquisition of TW Telecom, Inc.
(TWTC). The terms of the Tranche B 2022, including the security
and guaranty structure are expected to be substantially similar to
the existing Tranche B-III 2019 term loan and the Tranche B 2020
term loan.

Overall, LVLT expects to issue $3 billion of debt, including Level
3 Escrow II, Inc.'s $1 billion issuance of 5.375% senior notes due
2022, which will be used to pay the cash consideration of the TWTC
acquisition and repay outstanding TWTC indebtedness. Pro forma for
the TWTC acquisition, Fitch estimates LVLT will have approximately
$11.5 billion of debt. The transaction is subject to shareholder
approval (vote scheduled for Oct. 28, 2014) and customary
regulatory approvals including the FCC and other U.S. and state
regulatory agencies. The U.S. Department of Justice previously
approved LVLT's pending acquisition of TWTC on Sept. 8, 2014. LVLT
anticipates the transaction will close by year-end 2014.

Key Rating Drivers

-- The TW Telecom, Inc. (TWTC) acquisition increases LVLT's scale
and focus on high-margin enterprise account revenues while
increasing the company's overall competitive position and ability
to capture incremental market share;

-- The acquisition is clearly in line with LVLT's strategy to
shift its revenue and customer focus to become a predominantly
enterprise-focused entity.

-- LVLT remains committed to operate within its 3x to 5x net
leverage target. The enhanced scale and ability to generate
meaningful free cash flow (FCF) resulting from the transaction
reinforces Fitch's expectation for further strengthening of LVLT's
credit profile.

-- The company is poised to generate sustainable levels of free
cash flow (FCF; defined as cash flow from operations less capital
expenditures and dividends). Fitch anticipates LVLT FCF generation
during 2014 will range between 4% and 4.5% of consolidated
revenues on a stand-alone basis, growing to nearly 10% of revenues
by year-end 2016 on a pro forma basis.

-- The operating leverage inherent within LVLT's business model
positions the company to expand both gross and EBITDA margins.

LVLT leverage strengthened to 4.7x as of the LTM ended June 30,
2014, reflecting a decrease from 5.2x as of year-end 2013 and 5.4x
as of the LTM ended June 30, 2013. Fitch expects LVLT leverage on
a stand-alone basis will approach 4.5x by the end of 2014. Fitch
continues to expect LVLT's credit profile will strengthen as the
company benefits from anticipated EBITDA growth, FCF generation
and cost synergies related to the TWTC acquisition. Consolidated
leverage on a pro forma basis is 5.1x before consideration of any
operating cost synergies and declines to 4.7x after factoring in
$200 million of anticipated operating cost synergies.

The TWTC acquisition improves LVLT's ability to generate
consistent levels of FCF. Fitch anticipates LVLT FCF generation
during 2014 will range between 4% and 4.5% of consolidated
revenues on a stand-alone basis before growing to nearly 10% by
year-end 2016 on a pro forma basis. The company has generated
approximately $147 million of FCF through the LTM ended June 30,
2014. Fitch believes the company's ability to grow high-margin
core network services (CNS) revenues coupled with the strong
operating leverage inherent in its operating profile position the
company to generate consistent levels of FCF.

The TWTC acquisition is in line with LVLT's strategy to shift its
revenue and customer focus to become a predominately enterprise-
focused entity. TWTC's strong metropolitan network supports LVLT's
overall strategy. Pro forma for the transaction, LVLT's revenue
from enterprise customers increases to 70% of total CNS revenue
from 66%. From a regional perspective North America CNS revenue
would increase to 78% of total CNS revenue, up from approximately
71%.

LVLT's network capabilities, in particular its strong metropolitan
network, along with a broad product and service portfolio
emphasizing IP-based infrastructure and managed services provide
the company a solid base to grow its enterprise segment revenues.
Fitch believes that revenue growth prospects within LVLT's CNS
segment stand to benefit from the transition among enterprise
customers from legacy time division multiplexing (TDM)
communications infrastructure to Ethernet or IP VPN infrastructure
based on Internet protocol.

Fitch believes that LVLT's liquidity position is adequate given
the rating, and that overall financial flexibility is enhanced
with positive FCF generation. The company's liquidity position is
primarily supported by cash carried on its balance sheet which as
of June 30, 2014 totaled approximately $637 million, and expected
FCF generation. LVLT does not maintain a revolver, which limits
its financial flexibility in Fitch's opinion. LVLT has no
significant maturities scheduled during the remainder of 2014.
LVLT's next scheduled maturity is not until 2015 when
approximately $475 million of debt is scheduled to mature or
convert into equity.

Rating Sensitivities

What Could Lead to a Positive Rating Action:

-- Consolidated leverage maintained at 4x or lower;

-- Consistent generation of positive FCF, with FCF-to-adjusted
   debt of 5% or greater;

-- Positive operating momentum characterized by consistent core
   network service revenue growth and gross margin expansion.

What Could Lead to a Negative Rating Action:

-- Weakening of LVLT's operating profile, as signaled by
   deteriorating margins and revenue erosion brought on by
   difficult economic conditions or competitive pressure;

-- Discretionary management decisions including but not limited to
   execution of merger and acquisition activity that increases
   leverage beyond 5.5x in the absence of a credible de-leveraging
   plan.


LOFINO PROPERTIES: First Financial Urges Court to Approve Plan
--------------------------------------------------------------
First Financial submitted before the Bankruptcy Court its
conformity on the first amended plan of reorganization for the
debtor Lofino Properties. First Financial believes that the Plan
satisfies all the requirements prescribed by the Bankruptcy Code
and the modifications of the Plan do not materially and adversely
affect or change the treatment of any creditor who has not
accepted such modifications.

On May 2, 2014, First Financial and Henry E. Menninger, Jr., as
Trustee for Lofino Properties filed a joint plan of reorganization
and a disclosure statement. Objections to the Plan were filed by
LCM, Glicny and BOTW. Thus, an amended plan was filed before the
Court.

On August 26, 2014, the Plan proponents, LCM, Glicny and BOTW
appeared before the Court for the confirmation hearing.  Prior,
however to the hearing, the parties arrived into a settlement
discussion which was manifested in open court. The settlement
includes the right of BOTW or its assignee to purchase Cub Food II
and the portion of the property subject to First Financial's
mortgage. If BOTW does not purchase those properties, then Glicny
shall purchase Cub II and provide easement for BOTW's continued
operation of its business.

In exchange for those rights, BOTW and Glicny agreed not to object
the confirmation plan.

First Financial Bank is represented by:

     Robert G. Sanker, Esq.
     Jason V. Stitt, Esq.
     KEATING MUETHING & KLEKAMP PLL
     One East Fourth Street, Suite 1400
     Cincinnati, OH 45202
     Tel: (513) 579-6400
     Fax: (513) 579-6457
     E-mail: rsanker@kmklaw.com
             jstitt@kmklaw.com

              About Lofino Properties & Southland 75

Dayton, Ohio-based Lofino Properties, LLC, which owns retail
stores, sought bankruptcy protection (Bankr. S.D. Ohio Case No.
13-34099) on Oct. 4, 2013.  Lofino Properties listed assets of
$19.91 million and liabilities of about $13.15 million.

A sister company, Southland 75 LLC, which owns a strip shopping
center, sought bankruptcy protection (Bankr. S.D. Ohio Case No.
13-34100) on the same day.  Southland 75 listed assets of $8.09
million and liabilities of $5.62 million.

The Hon. Judge Lawrence S. Walter presides over the cases.
According to the petitions, attorneys at Pickrel, Schaeffer, and
Ebeling, in Dayton, Ohio, represent the Debtors as counsel.  The
petitions were signed by Michael D. Lofino, managing member.

In re Southland 75, LLC, case no. 13-34100, has been substantively
consolidated on lead case no. 13-34099.

Henry E. Menninger, Jr., has been appointed the chapter 11
trustee, and is represented by Raymond J. Pikna, Jr., Esq., at
Wood & Lamping LLP.

Attorneys for lender, First Financial Bank, N.A., can be reached
at Robert G. Sanker, Esq., and Jason V. Stitt, Esq., at Keating
Muething & Klekamp PLL.

Maria Mariano Guthrie, Esq., and Leon Friedberg, Esq., at Carlile
Patchen & Murphy, represent Jamie Hadac at Foresite Realty, as
Receiver.

Larry J. McClatchey, Esq., at Kegler Brown Hill + Ritter,
represents LCM Investments Management LLC.

GLICNY Real Estate Holding, LLC, is represented by Isaac M.
Gabriel, Esq., at Quarles & Brady LLP; and Gilbert E. Blomgren,
Esq., at Blomgren & Bobka Co., L.P.A.


LUNDIN MINING: Moody's Assigns Ba2 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service assigned Lundin Mining Corporation a Ba2
Corporate Family Rating (CFR), Ba2-PD Probability of Default
rating, Ba2 (LGD 4) senior secured rating to the company's $1
billion proposed notes issue and a SGL-2 speculative grade
liquidity rating. Lundin's rating outlook is stable. This is the
first time Moody's has assigned ratings to Lundin.

Ratings Rationale

Proceeds from the debt offering will partially fund the purchase
of an 80% interest in the Candelaria and Ojos copper mines
("Candelaria") in Chile. Lundin is acquiring its stake in
Candelaria from subsidiaries of Freeport-McMoRan Inc. (Baa3
stable) for US$1.8 billion, with an expected closing in Q4/14.
Lundin will also receive US$648 million from a streaming agreement
with Franco-Nevada Corporation (unrated) related to the sale of
85% of Lundin's share of the precious metals produced from
Candelaria and US$600 million from a bought deal common equity
issue. Excess proceeds above the acquisition amount will be used
to retire all of Lundin's existing term loan (US$250 million), pay
fees and expenses (about US$75 million), and fund any purchase
adjustments. The remaining 20% interest in Candelaria will
continue to be owned by subsidiaries of Sumitomo Corp (A2
negative).

Lundin's Ba2 CFR reflects it moderate scale and mine diversity,
the relatively short proven reserve lives of its wholly-owned
mines, and the company's transformational status, including
execution risks associated with ramping up production at its Eagle
nickel mine in Michigan, USA, while, at the same time,
consummating the large acquisition of Candelaria in Chile.
Together, these transactions will nearly triple Lundin's revenues.
The rating is favorably influenced by Lundin's conservative
financial policies, including Moody's expectation that the company
will maintain peak adjusted leverage below 2x through 2015, its
multi-metal exposure, good cost position, favorable overall
geopolitical risk profile of its operating assets and meaningful
financial flexibility provided by its 24% interest in Tenke, a
large, low-cost copper mine located in the Democratic Republic of
Congo.

Lundin's pro-forma liquidity is good (SGL-2), consisting of US$222
million of cash and US$290 million of availability under a US$350
million revolving credit facility that Moody's expects will be in
place at the close of the acquisition. Moody's expects Lundin will
consume about $50 million of free cash flow through the remainder
of 2014 and produce free cash flow in excess of $250 million in
2015. Lundin has minimal current debt maturities.

The notes will be secured solely by share pledges of certain
subsidiaries. Pursuant to Moody's loss-given-default methodology
the notes are deemed to rank behind any borrowings under the
company's revolver, which will benefit from a first lien over
assets on the Eagle mine (and also share pledges of certain
subsidiaries). Nonetheless, given the respective size of the notes
compared to the revolver, there are no notching implications for
the notes relative to the CFR. Moody's does not consider Lundin's
streaming transaction to be debt.

The stable ratings outlook reflects Moody's view that the Eagle
project and the Candelaria acquisition may produce as management
expects, but with some execution uncertainties. Lundin has
sufficient flexibility within its Ba2 rating to absorb some delays
or shortfalls in production on its projects.

Lundin's Ba2 CFR could be upgraded if Eagle achieves its design
specifications, Candelaria is integrated, and adjusted leverage
remains comfortably below 2x.

A lower rating could occur if Lundin faces significant challenges
integrating Candelaria or bringing Eagle into commercial
production. Impaired cash flow expectations at the company's other
key mines (or impaired value in the case of Tenke) could also
result in a negative rating action. Quantitatively, a downgrade
would likely occur if Moody's expected Lundin's adjusted leverage
would be sustained above 2.5x

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

Headquartered in Toronto, Ontario, Lundin Mining Corporation is a
diversified base metals mining company with operations and
development projects in Portugal, Swedan, Spain and the USA,
producing copper, zinc, lead and nickel. The company also owns a
24% equity interest in Tenke Fungurume, located in the Democratic
Republic of Congo and is acquiring an 80% interest in the
Candelaria and Ojos mine in Chile. Pro-forma annual revenue totals
about $2 billion.


LUNDIN MINING: S&P Assigns 'B+' CCR & Rates $1BB Notes 'B+'
-----------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B+' long-
term corporate credit rating, and stable outlook, to Toronto-based
base metals producer Lundin Mining Corp.

At the same time, Standard & Poor's assigned its 'B+' issue-level
rating and '3' recovery rating to the company's proposed US$950
million of senior secured notes. A '3' recovery rating indicates
our expectation of meaningful (50%-70%) recovery in a default
scenario.  "Our recovery expectations are in the upper
half of the 50%-70% range. We expect Lundin to issue the notes in
two tranches -- a US$500 million tranche due 2020 and US$500
million tranche due in 2022," said S&P.

The company announced its acquisition of 80% of the Candelaria and
Ojos del Salado mines in Chile. All the ratings are subject to
Lundin completing the financing as proposed to fund the
acquisition. A bridge loan would be used only in the event that
Lundin cannot complete the proposed bond offering on or before
closing the acquisition.

"We assume that the proceeds from the secured notes offering,
along with a planned bought deal equity issuance and precious
metals streaming agreement, will be used to finance Lundin's
announced 80% acquisition of the Chilean assets for US$1.8
billion," said Standard & Poor's credit analyst Jarrett
Bilous.

The ratings on Lundin reflect what S&P views as the company's
"weak" business risk profile and "significant" financial risk
profile, which result in an anchor score of 'bb-'. S&P then
applied the comparable rating analysis modifier, which had a
negative one-notch impact on the anchor, primarily to reflect the
risks associated with the integration of the Chilean mining assets
and ramp-up of the company's Eagle mine. This results in S&P's
long-term corporate credit rating on Lundin of 'B+'.

In S&P's opinion, the Chilean mines acquisition, along with the
Eagle mine entering first production this quarter, should improve
Lundin's asset breadth, operating diversity, reserve life, and
long-term output visibility, and reduce the company's high
reliance on its Neves Corvo mine in Portugal. S&P also expects
Lundin's Eagle project -- once it reaches full-capacity level
commercial production -- to provide a more robust cushion against
volatile base metals prices given the project's estimated first-
quartile cost position on a global nickel cost curve. On a
consolidated basis, cash costs are likely to remain largely
unchanged as a result of the Chilean mines acquisition, and
close to the industry average, given the asset's substantial
increase in planned mine stripping activity and a higher reliance
on lower-grade stockpiled ore over the next three-to-four years.

The stable outlook reflects S&P's view that Lundin should be able
to manage the risks associated with the Chilean mines acquisition
and ramping up the Eagle mine to full capacity production over the
next several quarters while generating fairly steady output and
cash flow from its existing operating assets. In its base-case
scenario, S&P expects the company to generate an adjusted debt-to-
EBITDA leverage ratio of about 2.5x, an adjusted funds from
operations-to-debt ratio of above 30% and positive free operating
cash flow this year (on a pro forma basis) while maintaining
adequate liquidity and good financial flexibility.

A positive rating action could result if the company successfully
manages the execution and integration risks associated with its
new assets and sustainably increases its output in the next 12
months. In such a scenario, S&P would expect Lundin's adjusted
debt-to-EBITDA leverage ratio to remain solidly below 2x alongside
an adjusted FFO-to-debt ratio of close to 50% and free operating
cash flow generation of more than US$400 million in 2015 on
expected lower capital spending.

"We could lower the rating if Lundin experiences sustained
operational challenges in ramping up its Eagle project or
integrating the Chilean mining assets, or in the event of weaker-
than-expected market conditions that lead to an adjusted debt-to-
EBITDA ratio of about 4x on a sustainable basis," said S&P.


MAUI LAND: To Sell Lipoa Point Property for $19.8 Million
---------------------------------------------------------
Maui Land & Pineapple Company, Inc., disclosed in a Form 8-K filed
with the U.S. Securities and Exchange Commission that it entered
into a Purchase and Sale Agreement and Joint Escrow Instructions
with the State of Hawaii with respect to the sale of an unimproved
244 acre parcel of the Company's land located on Maui, Hawaii,
commonly referred to as Lipoa Point.

The Purchase and Sale Agreement provides for a purchase price of
$19.8 million with the proceeds designated for the benefit of the
Company's pension plans.  The sale is conditioned on the Pension
Benefit Guaranty Corporation providing a release of its mortgage
on the property.  The Purchase and Sale Agreement has a closing
date on or before Oct. 9, 2014.

A copy of the Purchase and Sale Agreement and Joint Escrow
Instructions is available for free at http://is.gd/ESQwh1

                   About Maui Land & Pineapple Co.

Maui Land & Pineapple Company, Inc. (NYSE: MLP) --
http://mauiland.com/-- develops, sells, and manages residential,
resort, commercial, and industrial real estate.  The Company owns
approximately 23,000 acres of land on Maui and operates retail,
utility operations, and a nature preserve at the Kapalua Resort.
The Company's principal subsidiary is Kapalua Land Company, Ltd.,
the operator and developer of Kapalua Resort, a master-planned
community in West Maui.

Maui Land reported a net loss of $1.16 million on $15.21 million
of total operating revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $4.60 million on $13.57 million of
total operating revenues in 2012.   As of Dec. 31, 2013, the
Company had $53.75 million in total assets, $80.98 million in
total liabilities and a $27.23 million stockholders' deficiency.

Deloitte & Touche LLP, in Honolulu, Hawaii, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company's recurring negative cash flows from operations
and deficiency in stockholders' equity raise substantial doubt
about the Company's ability to continue as a going concern.


MEGA RV: US Trustee Drops Motion to Dismiss or Convert
------------------------------------------------------
U.S. Trustee Peter C. Anderson informed the Bankruptcy Court that
the motion to dismiss or convert Mega RV Corp.'s Chapter 11 case
to one under chapter 7 is voluntarily dismissed since the
quarterly fees have been paid already.

The motion to dismiss or convert case under Chapter 7 is anchored
on the Debtor's failure to pay Quarterly U.S. Trustee fees.
Service of notice has been submitted to party-in-interest.

                        About Mega RV Corp.

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

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


MGM RESORTS: Gets CCC OK to Regain 50% Stake in Borgata
-------------------------------------------------------
The New Jersey Casino Control Commission approved the request by
MGM Resorts International for licensure in the State of New
Jersey, according to a regulatory filing with the U.S. Securities
and Exchange Commission.

In connection with that approval, the CCC agreed, subject to final
approval by the Chairman of the CCC, to terminate the Stipulation
of Settlement entered into on March 11, 2010, among the Company,
Marina District Development Company, LLC, and the State of New
Jersey, Department of Law and Public Safety, Division of Gaming
Enforcement and dissolve and terminate the divestiture trust.
The Stipulation of Settlement, which required the Company to place
into a divestiture trust its 50% ownership interest in the Borgata
Hotel Casino & Spa and its title to certain leased real property
in Atlantic City and related leases, was terminated effective upon
such approval by the Chairman of the CCC on Sept. 29, 2014.

The Company has a 50% economic interest in Borgata Hotel Casino &
Spa located on Renaissance Pointe in the Marina area of Atlantic
City, New Jersey.  Boyd Gaming Corporation owns the other 50% of
Borgata and also operates the resort.  The Company's interest is
held in trust and was offered for sale pursuant to the Company's
amended settlement agreement with the New Jersey Division of
Gaming Enforcement and approved by the New Jersey Casino Control
Commission.

In connection with the dissolution of the trust on Sept. 30, 2014,
all of the trust property, including approximately $83 million of
cash, was transferred to the Company.

                         About MGM Resorts

MGM Resorts International (NYSE: MGM) a global hospitality
company, operating a portfolio of destination resort brands
including Bellagio, MGM Grand, Mandalay Bay and The Mirage.  The
Company also owns 51% of MGM China Holdings Limited, which owns
the MGM Macau resort and casino and is in the process of
developing a gaming resort in Cotai, and 50% of CityCenter in Las
Vegas, which features ARIA resort and casino.  For more
information about MGM Resorts International, visit the Company's
Web site at www.mgmresorts.com.

MGM Resorts reported a net loss attributable to the Company of
$156.60 million in 2013 following a net loss attributable to the
Company of $1.76 billion in 2012.

As of June 30, 2014, the Company had $25.57 billion in total
assets, $17.63 billion in total liabilities and $7.94 billion in
total stockholders' equity.

                         Bankruptcy Warning

The Company stated in its 2013 Annual Report, "The agreements
governing our senior secured credit facility and other senior
indebtedness contain restrictions and limitations that could
significantly affect our ability to operate our business, as well
as significantly affect our liquidity, and therefore could
adversely affect our results of operations.  Covenants governing
our senior secured credit facility and certain of our debt
securities restrict, among other things, our ability to:

   * pay dividends or distributions, repurchase or issue equity,
     prepay certain debt or make certain investments;

   * incur additional debt;

   * incur liens on assets;

   * sell assets or consolidate with another company or sell all
     or substantially all assets;

   * enter into transactions with affiliates;

   * allow certain subsidiaries to transfer assets; and

   * enter into sale and lease-back transactions.

Our ability to comply with these provisions may be affected by
events beyond our control.  The breach of any such covenants or
obligations not otherwise waived or cured could result in a
default under the applicable debt obligations and could trigger
acceleration of those obligations, which in turn could trigger
cross defaults under other agreements governing our long-term
indebtedness.  Any default under our senior secured credit
facility or the indentures governing our other debt could
adversely affect our growth, our financial condition, our results
of operations and our ability to make payments on our debt, and
could force us to seek protection under the bankruptcy laws."

                           *     *     *

As reported by the TCR on Nov. 14, 2011, Standard & Poor's Ratings
Services raised its corporate credit rating on MGM Resorts
International to 'B-' from 'CCC+'.   In March 2012, S&P revised
the outlook to positive from stable.

"The revision of our rating outlook to positive reflects strong
performance in 2011 and our expectation that MGM will continue to
benefit from the improving performance trends on the Las Vegas
Strip," S&P said.

In March 2012, Moody's Investors Service affirmed its B2 corporate
family rating and probability of default rating.  The affirmation
of MGM's B2 Corporate Family Rating reflects Moody's view that
positive lodging trends in Las Vegas will continue through 2012
which will help improve MGM's leverage and coverage metrics,
albeit modestly.  Additionally, the company's declaration of a
$400 million dividend ($204 million to MGM) from its 51% owned
Macau joint venture due to be paid shortly will also improve the
company's liquidity profile.  The ratings also consider MGM's
recent bank amendment that resulted in about 50% of its
$3.5 billion senior credit facility being extended one year from
2014 to 2015.

The TCR reported on Sept. 29, 2014, that Fitch Ratings has
upgraded MGM Resorts International's IDR to 'B+' from 'B'.
Fitch's upgrade of MGM's IDR to 'B+' and the Positive Outlook
reflect the company's strong performance on the Las Vegas Strip
and in Macau as well as Fitch's longer-term positive outlooks for
these markets.


MIG LLC: Court Authorizes Use of Cash Collateral
------------------------------------------------
Bankruptcy Judge Kevin Gross entered an order, on September 17,
2014, authorizing MIG LLC and its debtor-affiliates to use cash,
withdraw or transfer funds from their operating support account,
by all usual means, including, but not limited to, checks, wire
transfers, automated clearinghouse transfers, electronic funds
transfers, and other debits, solely to make disbursement of up to
$102,00, in accordance with the August Budget, up to an additional
$113,500, in accordance with the September budget, up to an
additional $140,000 in accordance with the October Budget.

The Debtors are further authorized to use cash, withdraw or
transfer funds from their operating support account to pay any and
all Court expenses. However, compensation or reimbursement of
expenses paid to the committee or its professionals shall be
limited to a total of $200,000.  The Order also provides that
$5,000 of the said amount may be incurred to review and
investigate the asserted liens of the Noteholder parties.

The order, likewise, adds that beginning in October 2014, on or
before the 15th day of each month, the Debtors shall deliver a
proposed budget to the counsel of the Identure Trustee, the
Committee, and the US Trustee. Objections to the proposed budget
must be raised within five business days from receipt thereof.

                        About MIG LLC

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

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

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

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

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

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


MINT LEASING: Amends 70 Million Shares Prospectus
-------------------------------------------------
The Mint Leasing, Inc., had amended its Form S-1 registration
statement with the U.S. Securities and Exchange Commission
relating to the sale of 70,000,000 shares of common stock.  The
Company amended the Registration Statement to delay its effective
date.

The public offering price will be $_____ per share.  If fully
subscribed the Company anticipates receiving $_______ in total
proceeds from this offering prior to deducting expenses associated
with the offering, which the Company anticipates totaling
approximately $90,000.

The Company's common stock is currently quoted on the OTCQB market
maintained by OTC Markets Group Inc. under the symbol "MLES."
On Oct. 1, 2014 (the last date that the Company's common stock
traded on the OTCQB prior to the date of this Prospectus), the
last reported sale price of the Company's common stock as reported
on the OTCQB was $0.31 per share.

Any funds that the Company raise from its offering of 70,000,000
shares of common stock will be immediately available for its use
and will not be returned to investors.

A copy of the amended prospectus is available at:

                        http://is.gd/3WsfVk

                        About Mint Leasing

Houston, Texas-based The Mint Leasing, Inc., is in the business of
leasing automobiles and fleet vehicles throughout the United
States.

Mint Leasing reported net income of $3.22 million on $6.45 million
of total revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $238,969 on $9.97 million of total revenues in
2012.

As of June 30, 2014, the Company had $17.86 million in total
assets, $16.58 million in total liabilities and $1.28 million in
total stockholders' equity.

                         Bankruptcy Warning

"We do not currently have any commitments of additional capital
from third parties or from our sole officer and director or
majority shareholders.  We can provide no assurance that
additional financing will be available on favorable terms, if at
all.  If we choose to raise additional capital through the sale of
debt or equity securities, such sales may cause substantial
dilution to our existing shareholders and/or trigger the anti-
dilution protection of the Warrants.  If we are not able to obtain
additional funding to repay the Amended Loan and our other
outstanding notes payable and debt facilities, we may be forced to
abandon or curtail our business plan, which may cause any
investment in the Company to become worthless.  Our independent
auditor has expressed substantial doubt regarding our ability to
continue as a going concern.  If we are unable to continue as a
going concern, we may be forced to file for bankruptcy protection,
may be forced to cease our filings with the Securities and
Exchange Commission, and the value of our securities may decline
in value or become worthless," the Company said in the 2013 Annual
Report.


MINERAL PARK: Evercore OK'd to Also Market Bluefish Assets
----------------------------------------------------------
The U.S. Bankruptcy Court authorized Mineral Park, et al., to
employ Evercore Group L.L.C. as investment banker to market the
assets of both debtors Mineral Park and Bluefish Energy
Corporation.

Mineral Park had sought permission to employ Evercore to sell
Mineral Park's assets which are comprised of an operating copper/
molybdenum mine, and related facilities, located in Kingman,
Arizona.

The Debtors supplemented their application to include a joinder by
Bluefish Energy.  Bluefish has agreed to let Evercore market its
assets for sale but only in the context of a combined sale of
Mineral Park's and Bluefish's assets.

Specifically, Bluefish has not authorized Evercore to market or
sell its assets independent of a transaction involving
substantially all assets of Mineral Park.

Bluefish has agreed to pay Evercore a fee, consistent with a sale
fee structure set forth in the engagement letter, on account of
aggregate consideration attributable to any sale of its assets
modifies and limited.

In summary, the material changes to the engagement letter are:

   a. Bluefish has been added as party to the agreement, for the
purpose of authorizing Evercore to market its assets solely in
combination with those of Mineral Park.

   b. Pursuant to Section 2.b of the Amended Engagement Letter,
Bluefish agrees that is a portion if any of the Aggregate
Consideration giving rise to a sale fee is attributable to
Bluefish assets, the sale fee will be apportioned between Mineral
Park and Bluefish based on the aggregate consideration related to
each entity's assets.

   c. Any portion of the sale fee payable by Bluefish will be an
administrative expense of the Bluefish estate.  To the extent that
there are insufficient funds available in the Bluefish estate to
pay its portion of any sale fee, Mineral Park will pay any unpaid
portion thereof, not to exceed $190,500, but only from the
proceeds of any sale otherwise payable to the MPI Senior Secured
Creditors.

As reported in the Troubled Company Reporter in the Sept. 3, 2014,
Evercore will provide the following investment banking services:

   (a) Reviewing and analyzing the Debtor's business, operations
       and financial projections;

   (b) Advising and assisting the Debtor in a sale, restructuring
       and/or financing transaction;

   (c) Advising and assisting the Debtor in a sale;

   (d) If the Debtor pursues a restructuring, providing financial
       advice in developing and implementing a restructuring,
       which would include:

       (i) Assisting the Debtor in developing a Plan;

      (ii) Advising the Debtor on tactics and strategies for
           negotiating with various stakeholders regarding the
           Plan;

     (iii) Providing testimony, as necessary, with respect to
           matters on which Evercore has been engaged to advise
           the Debtor in any proceedings under the Bankruptcy Code
           that are pending before the Court; and

      (iv) Providing the Debtor with other financial restructuring
           advice as Evercore and the Debtor may deem appropriate;
           and

   (e) If the Debtor pursues a Financing, assisting the Debtor in:

       (i) Structuring and effecting a financing;

      (ii) Identifying potential investors and, at the Debtor's
           request, contacting those investors; and

     (iii) Working with the Debtor in negotiating with potential
           investors.

Evercore will be paid $125,000 per month, and fees upon the
consummation of any transaction.  Evercore will be paid $1,000,000
upon consummation of a sale of the Debtor's assets and $1,000,000
upon consummation of a restructuring.  If a financing is
completed, Evercore will be paid 1.5% of the proceeds of the
financing.  The firm will also be reimbursed of reasonable
expenses.

During the 90 days immediately preceding the Petition Date,
Evercore received a fee payment of $125,000 and an expense
reimbursement deposit of $10,000.

Lloyd A. Sprung, a senior managing director of Evercore, assures
the Court that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.
Mr. Sprung, however, discloses that his firm represents Barclays
Capital Inc.; Credit Suisse Securities (USA) LLC and Credit Suisse
Asset Management, LLC; Dell Financial Services; General Electric
Capital Corporation; Blake, Cassels & Grayton LLP; AT&T Mobility;
Verizon Wireless; and Ferrellgas L.P., in matters unrelated to the
Debtors' Chapter 11 cases.

In a separate order, the Court extended until Oct. 14, the
Debtors' deadline to file their schedules of assets and
liabilities and statement of financial affairs.

                       About Mineral Park

Mineral Park, Inc., Bluefish Energy Corp. and two affiliates
commenced proceedings under Chapter 11 of the Bankruptcy Code in
Delaware on Aug. 25, 2014.  The cases are pending before the
Honorable Kevin J. Carey and are jointly administered under Case
No. 14-11996.

Mineral Park and its affiliated debtors are subsidiaries of
Mercator Minerals Ltd. ("MML"), a mineral resource company engaged
through various subsidiaries in the mining, exploration,
development and operation of its mineral properties in Mohave
County, Arizona, and Sonora, Mexico.

Mineral Park's principal asset is the Mineral Park Mine, a
producing copper-molybdenum mine located near Kingman, Arizona.
Bluefish is the owner and operator of the industrial gas turbine
power generator at the Mine.

British Columbia, Canada-based MML, which has shares trading on
the Toronto Stock Exchange under the trading symbol "ML", is not
included in the bankruptcy filing.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP as
counsel, Evercore Group LLC as investment banker, FTI Consulting,
Inc., as financial advisor, FTI's David J. Beckman as CRO, and
FTI's Paul Hansen as assistant CRO.  Prime Clerk LLC is the claims
and noticing agent.

Mineral Park estimated $100 million to $500 million in assets and
debt.


MINERAL PARK: Committee, Mohave Bank Oppose Cash Use
----------------------------------------------------
The Official Committee of Unsecured Creditors in Mineral Park's
cases and Mohave State Bank filed objections to debtors Mineral
Park, et al.'s motion to use cash collateral.

The Committee, in its objection, stated that it has not yet
reviewed the claims, liens and interests of the finance parties.
The Committee does not agree to and objects to the Debtors'
proposed stipulations.  According to the Committee, one provision
which is objectionable is the scope and breath of the proposed
releases of the financing parties.

Mohave, in its objection, said that the Debtor failed to recognize
or provide protection for MSB's interests in the cash collateral.

As of the Petition Date, Mineral Park has this outstanding
indebtedness:

   -- Mineral Park's obligations under a credit agreement with
Societe General, as administrative agent, totaled $86,786,667 in
principal, plus accrued interest and fees.  Mineral Park also has
$16,183,108 outstanding to lenders under hedging agreements with
Societe General, Portigon AG, New York Branch, Barclays Bank PLC,
and Credit Suisse International.

   -- The face amount outstanding under the intercompany note held
by Silver Wheaton (Caymans) Ltd. pursuant to a silver purchase
agreement is $50 million.

   -- Principal obligations to Daselina Investments Ltd. on a
bridge loan total $13 million.

Debtor-affiliate Bluefish Energy Corporation has $20.8 million in
principal outstanding under a secured loan from Trafigura AG.

Judge Kevin J. Carey previously gave the Debtors interim authority
to use cash collateral securing their prepetition indebtedness.
A full-text copy of the Interim Cash Collateral Order with Budget
is available at http://is.gd/eUYqRg

                       About Mineral Park

Mineral Park, Inc., Bluefish Energy Corp. and two affiliates
commenced proceedings under Chapter 11 of the Bankruptcy Code in
Delaware on Aug. 25, 2014.  The cases are pending before the
Honorable Kevin J. Carey and are jointly administered under Case
No. 14-11996.

Mineral Park and its affiliated debtors are subsidiaries of
Mercator Minerals Ltd. ("MML"), a mineral resource company engaged
through various subsidiaries in the mining, exploration,
development and operation of its mineral properties in Mohave
County, Arizona, and Sonora, Mexico.

Mineral Park's principal asset is the Mineral Park Mine, a
producing copper-molybdenum mine located near Kingman, Arizona.
Bluefish is the owner and operator of the industrial gas turbine
power generator at the Mine.

British Columbia, Canada-based MML, which has shares trading on
the Toronto Stock Exchange under the trading symbol "ML", is not
included in the bankruptcy filing.

The Court has authorized the Debtors to employ Pachulski Stang
Ziehl & Jones LLP as counsel; FTI Consulting, Inc., to provide a
chief restructuring officer, additional personnel and financial
advisory and restructuring-related services to the Debtors; and
Evercore Group LLC as the investment banker.  Prime Clerk LLC is
the claims and noticing agent.

Mineral Park estimated $100 million to $500 million in assets and
debt.


MOMENTIVE PERFORMANCE: Taps VRC to Provide Employer Tax Services
----------------------------------------------------------------
MPM Silicones, LLC, et al., ask the Bankruptcy Court for
permission to employ Deloitte Tax LLP to provide global employer
tax services to the Debtors, nunc pro tunc to May 15, 2014.

Deloitte will, among other things:

   a) prepare U.S. federal, state, and local income tax returns
for all eligible assignees identified by the Debtors;

   b) perform tax equalization calculations;

   c) foreign tax payment and refund advice; and

   d) assist with tax audits and notices.

The Debtor agreed to pay Deloitte's fee and expense structure as:

   a) fixed fees for the GES Services:

       Service Classification                   Fixed Fees
       ----------------------                   ----------
       Exit/Entrance Interviews                    $600
       Tax Return ? Transfer Year                $1,650
       Tax Return ? Full Year                    $1,500
       State/Provincial Tax Return                 $400
       Local Tax Return                            $200
       Extensions                                  $200
       Amended Tax Return                          $750
       Tax Equalization Calculation                $500
       Hypothetical Tax Withholding Calculation    $500
       Tax Gross-Up Calculation                    $425
       Cost Projection                             $900
       Certificate of Coverage/Soc Ins Exmpt
         Request                                   $500
       Repatriation/Do-Registration Tax Filings      -
       Arrival/Registration Tax Filings            $400
       Monthly Tax Returns                           -

The hourly billing rates for the tax advisory services are:

       Personnel Classification           Hourly Billing Rate
       ------------------------           -------------------
       Partner/Principal                           $450
       Director                                    $425
       Senior Manager                              $375
       Manager                                     $325
       Senior Consultant                           $275
       Consultant                                  $200

In connection with the cases, the Debtors have filed applications
to retain: (a) Willkie Farr & Gallagher LLP as general bankruptcy
counsel; (b) Kurtzman Carson Consultants LLC as claims and
noticing agent and as administrative agent; (c) AlixPartners, LLP
as restructuring advisor; (d) Moelis & Company LLC as investment
banker and financial advisor; (e) PricewaterhouseCoopers LLP, as
auditor and tax advisor; (f) Crowe Horwath LLP as benefit plan
auditor; (g) KPMG LLP as tax advisor; and (h) Ernst & Young LLP
as tax advisor.

Each of the firms will work under the direction of the Debtors'
management.  Deloitte Tax will be engaged on completely distinct
tax projects from KPMG and E&Y, as only Deloitte Tax is engaged in
providing global employer tax services, and has been providing
such services to the Debtors since 2012.

To the best of the Debtors' knowledge, Deloitte Tax is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The Court scheduled an Oct. 1 hearing on the matter.

                   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 Court entered an order confirming the Plan on Sept. 11, 2014.

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: VRC Approved to Serve as Accountants
-----------------------------------------------------------
Bankruptcy Judge Robert D. Drain, on Oct. 2, 2014, authorized MPM
Silicones, LLC, et al., to employ Valuation Research Corporation
to provide fresh start accounting services to the Debtors.

VRC will, among other things:

   a) advise and provide recommendations to management in
connection with its determination of Plan adjustments necessary to
record the impact of the Plan to the books of entry of the
appropriate legal entities;

   b) performing a revaluation of the Debtors' assets and
liabilities under fresh start accounting rules, including the
Debtors' inventory, lease contracts, real and personal property,
and intangible assets, as applicable; and

   c) analyze estimates or other analyses performed by others, if
any, including, without limitation, management, and assist
management in identifying additional efforts required to address
open items.

The billing rates for financial professionals are:

   Personnel Classification              Hourly Billing Rate
   ------------------------              -------------------
Senior Vice President/Managing Director       $400 - $600
Vice President                                $350 - $400
Associate/Analyst                                $275

The billing rates for tangible asset professionals are:

Senior Vice President/Managing Director       $300 - 350
Vice President                                $275 - $300
Analyst                                          $200

To the best of the Debtor's knowledge, VRC is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                   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 Court entered an order confirming the Plan on Sept. 11, 2014.

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.


MOUNTAIN COUNTRY PARTNERS: Trustee to Sell All Properties
---------------------------------------------------------
Robert L. Johns, the Chapter 11 Trustee for debtor Mountain
Country Partners, asks the Bankruptcy Court to authorize the sale
of substantially all of the assets of the Debtor which consists of
oil and gas leases to approximately 12,750 acres in Roanne County,
Virginia, together with interests in approximately 395 oil and gas
wells in Roanne and Gilmer Counties. Moreover, the sale will
include all rights and agreements relating to those oil and gas
leases and wells and all personal property and equipment.

The Trustee and BTB Energy, A West Virginia limited liability
company, entered into a Purchase Agreement on May 30, 2014. The
Purchase Agreement was subsequently amended on September 12, 2014.
The original offer of the purchase price was $3,000,000 of which
$30,000 was deposited in favor of the Trustee. The Purchase
Agreement stipulates that the buyer shall have 45 days to complete
the investigation of the Assets to be sold before the Trustee
seeks approval from the Court.

On the basis of the information developed during the
investigations concerning the condition of operating equipment,
the shortfall of oil production below projection at the time of
the original purchase agreement, and concerns about the
reliability of previous reserve reports, the Purchaser determined
that it could not complete the purchase for $3,000,000.

Thus, the Purchaser offered to reduce the purchase price to
$2,000,000. The unsecured creditors agreed to the amended offer.
In the notice to all creditors for the sale, the objections, if
any, will be heard on October 29, 2014.

Trustee Robert L. Johns is represented by:

     Wendel B. Turner, Esq.
     Robert L. Johns, Esq.
     TURNER & JOHNS, PLLC
     216 Brooks Street, Suite 200
     Charleston, WV 25301
     Tel: (304) 720-2300
     Fax: (304) 720-2311

               About Mountain Country Partners

Seven individual investors filed an involuntary Chapter 11
bankruptcy petition against Jacksonville, Florida-based Mountain
Country Partners, LLC (Bankr. S.D. W.Va. Case No. 12-20094) on
Feb. 17, 2012.  Judge Ronald G. Pearson presides over the case.
Joseph W. Caldwell, Esq., at Caldwell & Riffee, represent the
petitioners.

An Order for Relief was entered by the Court on June 25, 2012.
Robert L. Johns was appointed Chapter 11 Trustee on July 6, 2012.

James W. Lane, Jr., at the Law Offices of Jim Lane, Jr.,
represents the Debtor as counsel.  The law firm of Turner & Johns,
PLLC, represents the Chapter 11 Trustee as counsel.  Kay Biscopink
of Elliot Davis, LLP is the Trustee's accountant.


NATCHEZ REGIONAL MEDICAL: Court Confirms Bondholders-Backed Plan
----------------------------------------------------------------
The Bankruptcy Court confirmed the Amended Plan of Adjustment for
Natchez Regional Medical Center.

National Public Finance Guarantee Corporation and Regions Bank, as
trustee, filed with the Bankruptcy Court a joint statement in
support of the confirmation of the Plan of Adjustment.

National, as administrator for MBIA Insurance Corporation, and
Regions represent the interests of the bondholders in the case.
According to National and Regions, the Plan is well supported in
law, and is markedly better for creditors than the alternative,
which would be dismissal of the case and a subsequent piecemeal
and disorderly dismemberment of the Debtor through competing
litigation.

Winthrop Resources Corporation objected to the Plan to the extent
that the Debtor sought entry of any order that would permit it to:

   a) assume and assign the lease to Natchez Hospital Company,
LLC, Natchez Clinic company, LLC, and Natchez HBP Services, LLC
without requiring that (i) the Hospital cure all defaults arising
under the lease, and (ii) the purchaser assume liability for all
of the Hospital's pre-sale defaults under the lease; or

   b) in the event that the Hospital rejects the lease, (i)
transfer possession of the Winthrop equipment to the purchaser or
(ii) sell any of Winthrop's equipment.

As reported in the Troubled Company Reporter on Sept. 26, 2014;
according to the Second Amended Disclosure Statement, the Plan is
a plan of liquidation and provides for the distribution of the
proceeds from the Debtor's liquidation of its assets.  Pursuant to
the Plan, the Debtor ultimately will be dissolved.  A Liquidating
Trust will be established which will become responsible for the
collection and liquidation of the remaining assets of the Hospital
after the Allowed Claims of the Secured Creditors are paid.

The Plan proposed these estimated percentage recovery for:

    * Class 1 -- Secured Claim of Regions Bank, as the Indenture
Trustee for the Bondholders and the Development Bank ($15,250,579)
-- 100%

    * Class 2 -- Secured Claim of United Mississippi Bank
($1,500,000, plus all interest, fees, and reasonable attorneys'
fees)  -- 100%

    * Class 3 -- General Unsecured Convenience Claims ($37,295) --
100%

    * Class 4 -- Unsecured Claim Claims ($4,672,824) ? 0% to 50%

    * Class 5 -- Tort Claims and Employment Claims (Unknown) -- 0%
(other than recoveries under General Liability Insurance Coverage
or EPLI Coverage)

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

       http://bankrupt.com/misc/NATCHEZREGIONAL_410_2ds.pdf

                       About Natchez Regional

Based in Natchez, Mississippi, Natchez Regional Medical Center is
a full-service hospital offering comprehensive diagnostic and
treatment services for acute, subacute and ambulatory care.
Natchez Regional serves as a referral center for the five
Mississippi counties and two Louisiana parishes it serves, known
locally as the Miss-Lou.  The hospital is owned by Adams County.

Natchez Regional Medical Center filed for Chapter 9 bankruptcy
protection (Bankr. S.D. Miss. Case No. 14-01048) on March 26,
2014.  Eileen N. Shaffer, Esq., Attorney At Law, serves as
bankruptcy counsel.  The Debtor disclosed $17,114,646 in assets
and $20,805,124 in liabilities as of the Chapter 11 filing.  The
petition was signed by Donny Rentfro, hospital CEO.

At the onset of the case, the 179-bed facility said intends to
have a term sheet outlining a sale of the facility to a "qualified
buyer."  The hospital blamed financial problems on "ill-timed and
poorly integrated acquisition of physicians' practices and new
clinical technologies," the report related.

This is the Center's second bankruptcy filing in six years.  It
filed a Chapter 9 petition on Feb. 12, 2009 (Bankr. S.D. Miss.
Case No. 09-00477).  Eileen N. Shaffer, Esq., also represented the
Debtor as counsel in the 2009 case.  The Debtor listed total
assets of between $10 million and $50 million, and total debts of
between $10 million and $50 million in the 2009 petition.  Nathcez
Regional exited bankruptcy in December 2009 after a court approved
its plan of adjustment, in which all unsecured creditors owed
$5,000 were to be paid in full.

In the 2014 case, Bankruptcy Judge Neil P. Olack, who presides
over the case, has held that appointment of a patient care
ombudsman is unnecessary.

The U.S. Trustee appointed three creditors to serve in the
official committee of unsecured creditors.  Douglas S. Draper,
Esq., and Heller, Draper, Patrick, Horn & Dabney, L.L.C., serve as
lead counsel.  David A. Wheeler, Esq., and Wheeler & Wheeler,
PLLC, serve as local counsel.


NATIONAL AMUSEMENTS: S&P Affirms B+ CCR & Alters Outlook to Neg
---------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Norwood, Mass.-based National Amusements Inc. (NAI) and
its operating subsidiary NAI Entertainment Holdings LLC (NAIEH),
which it analyzes on a consolidated basis, to negative from
stable. At the same time, S&P affirmed its 'B+' corporate credit
and existing debt ratings on both companies.

"The negative outlook reflects our expectation that continued
declines in U.S. box office receipts will cause NAIEH's margin of
compliance with covenants to fall below 10% in the second half of
2014," said Standard & Poor's credit analyst Jeanne Shoesmith. As
of July 3, 2014, the company had a narrow 10% EBITDA margin of
compliance with the leverage covenant, its tightest covenant.  "We
expect domestic box office declines to continue in the fourth
quarter of 2014, before returning to growth in 2015 with a
promising release schedule. We could lower the rating if the
company's margin of compliance with covenants falls below 10%
without clear indications that it will reverse," said S&P.

"We believe that management could sell shares to ensure continued
strong liquidity. To reduce leverage and cure a covenant default
under its credit agreement in 2009, the parent company, NAI, sold
certain theaters and a portion of its holdings of Viacom and CBS
common stock. NAI used the proceeds to repay about $1.2 billion of
debt. Historically, NAI has sold nonvoting shares to support
liquidity. Its current holdings are almost entirely voting
shares, and its covenants do not require it to sell shares in the
event of credit deterioration. The sale of such shares would have
tax consequences for NAI, given its long history of ownership, its
relatively low tax basis in the CBS' and Viacom's common stock,
and its significant use of tax-loss carry-forwards to shield gains
on earlier sales," said S&P.

The negative rating outlook reflects S&P's expectation that it
could lower the rating if NAI's margin of compliance with
covenants falls below 10% without indications that it will
reverse.

"We could lower the rating if admissions and concession revenues
decline to the point where the EBITDA margin of covenant
compliance declines below 10%. This could occur if EBITDA from
theater operations declines only modestly in fourth-quarter 2014.
This scenario further assumes that CBS and Viacom do not
cut dividend payouts. We do not view either CBS or Viacom as
likely to cut its dividend, but CBS did cut its dividend payout
during the 2008-2009 recession," said S&P.

"We could revise the outlook to stable if the company is able to
establish and maintain at least 10% headroom with covenants, which
may entail an amendment. If NAI does amend covenants, an outlook
revision to stable would also likely entail the company reaching
terms similar to the current credit agreement, with respect to
interest rates," said S&P.


NBTY INC: S&P Cuts Corp. Credit Rating to 'B'
---------------------------------------------
Standard & Poor's Ratings Services lowered all of its ratings on
Ronkonkoma, N.Y.-based NBTY Inc., including the corporate credit
rating to 'B' from 'B+'. The outlook is stable.

"We also lowered our rating on NBTY's $1.7 billion senior secured
credit facilities to 'B+' from 'BB-'. The recovery rating on the
secured bank debt is unchanged at '2', indicating that lenders
could expect substantial (70% to 90%) recovery in the event of a
payment default," S&P said.

"At the same time, we lowered our rating on NBTY's $650 million 9%
senior unsecured notes due 2018 to 'B-' from 'B'. The recovery
rating on the notes is unchanged at '5', indicating that lenders
could expect modest (10% to 30%) recovery in the event of a
payment default. We also lowered our rating on parent Alphabet
Holding Co.'s $1 billion 7.75%/8.50% payment-in-kind (PIK) toggle
unsecured notes due 2017 to 'CCC+' from 'B-'. The recovery rating
is unchanged at '6', indicating that lenders could expect
negligible (0% to 10%) recovery in the event of a payment
default," S&P said.

"The downgrade reflects NBTY's inability to improve profits and
credit ratios in line with our previous expectations," said
Standard & Poor's credit analyst Jerry Phelan.

Standard & Poor's ratings on NBTY reflect its significant debt
burden and aggressive financial policy. The company's credit
metrics are weak with around 6.5x leverage and 6.5% funds from
operations (FFO) to total debt.

"Our ratings also reflect the company's meaningful but not
dominant position in the fragmented and competitive wholesale
vitamins, minerals, herbs, and supplements (VMHS) industry;
favorable industry demographics associated with aging populations
and consumers' focus on health and well-being; and the strength of
the Holland & Barrett health food specialty retail business in the
U.K. The ratings also incorporate tough competition in the highly
fragmented U.S. retail VMHS business, where NBTY subsidiary
Vitamin World is a distant number four player after GNC, Whole
Foods, and Vitamin Shoppe," said S&P.

The stable outlook reflects S&P's forecast for continued positive
discretionary cash flow generation, adequate liquidity, and modest
credit measure improvement over the next year, including leverage
and FFO to total debt around the low-6x and 7% area, respectively.


NEW LOUISIANA HOLDINGS: U.S. Trustee Forms Creditors' Committee
---------------------------------------------------------------
The U.S. Trustee for Region 5 on Oct. 3 appointed three creditors
of New Louisiana Holdings, LLC to serve on the official committee
of unsecured creditors.

The unsecured creditors' committee is composed of:

     (1) Healthcare Services Group Inc.
         Patrick Orr
         3220 Tillman Drive
         Suite 300
         Bensalem, PA 19020
         porr@hcsgcorp.com
         Phone: (215) 639-4274

     (2) Medline Industries Inc.
         Shane Reed (Chairman)
         1 Medline Place
         Mundelein, IL 60060
         SReed@medline.com
         Phone: (847) 643-4103

     (3) Omnicare Inc.
         Joann Billman
         900 Omnicare Center
         201 East Fourth Street
         Cincinnati, OH 45202
         Joann.Billman@omnicare.com
         Phone: (513) 719-2703

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and
financial affairs.  Importantly, official committees serve as
fiduciaries to the general population of creditors they
represent.

                        About New Louisiana

New Louisiana Holdings LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. La. Case No. 14-50756), on
June 25, 2014.

Ten affiliates of New Louisiana -- Acadian 4005 Tenant, LLC (Case
No. 14-50850), Atrium 6555 Tenant, LLC, dba The Atrium at
Lafreniere Assisted Living (Case No. 14-50851), Citiscape 5010
Tenant, LLC, dba Citiscape Apartments (Case No. 14-50853),
Lakewood Quarters Assisted 8585 Tenant, LLC (Case No. 14-50854),
Lakewood Quarters Rehab 8225 Tenant, LLC (Case No. 14-50855),
Panola 501 Partners, LP (Case No. 14-50862), Regency 14333 Tenant,
LLC (Case No. 14-50861), Retirement Center 14686 Tenant, LLC (Case
No. 14-50856), Sherwood 2828 Tenant, LLC (Case No. 14-50857), St.
Charles 1539 Tenant, LLC (Case No. 14-50858) and Woodland Village
5301 Tenant, LLC (Case No. 14-50859) filed Chapter 11 bankruptcy
petitions on July 16, 2014.

Fifteen additional affiliates of New Louisiana -- SA-PG Ocala LLC
(Case No. 14-50909), SA-PG Operator Holdings LLC (Case No. 14-
50912), SA-PG Clearwater LLC (Case No. 14-50913), SA-PG
Gainesville LLC (Case No. 14-50914), SA-PG Jacksonville LLC (Case
No. 14-50915), SA-PG Largo LLC (Case No. 14-50916), SA-PG North
Miami LLC (Case No. 14-50917), SA-PG Orlando LLC (Case No. 14-
50918), SA-PG Pinellas LLC (Case No. 14-50919), SA-PG Port St.
Lucie LLC (Case No. 14-50920), SA-PG Sun City Center LLC (Case No.
14-50921), SA-PG Tampa LLC (Case No. 14-50922), SA-PG Vero Beach
LLC (Case No. 14-50923), SA-PG West Palm Beach LLC (Case No. 14-
50924) and SA-PG Winterhaven LLC (Case No. 14-50925) filed
separate Chapter 11 bankruptcy petitions on July 28, 2014.

Four more affiliates of New Louisiana -- CHC-CLP Operator Holding
LLC (Case No. 14-51104), SA-St. Petersburg LLC (Case No. 14-
51101), SA-Clewiston LLC (Case No. 14-51102) and SA-Lakeland LLC
(Case No. 14-51103) -- that operate skilled nursing facilities
located in Lakeland, Clewiston and St. Peterburg, Florida, sought
protection under Chapter 11 of the Bankruptcy Code on Sept. 3,
2014.

The Chapter 11 cases are jointly consolidated with New Louisiana's
Chapter 11 case at Case No. 14-50756 before Judge Robert
Summerhays of the United States Bankruptcy Court for the Western
District of Louisiana (Lafayette).

The Debtors are represented by Patrick J. Neligan, Jr., Esq., at
Neligan Foley LLP, in Dallas, Texas.


NORTHSTAR AEROSPACE: Court Approves Dismissal of Ch. 11 Cases
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has signed
an order approving Northstar Aerospace's motion for voluntary
dismissal of its jointly administered bankruptcy cases, various
news sources reported.

According to BankruptcyData, the Debtors, in support of their
motion, stated: "[we] have sold or collected substantially all of
their assets and any remaining assets are fully encumbered by
prepetition senior secured debt as well as the junior debtor-in-
possession financing.  Dismissal rather than conversion to chapter
7 is appropriate because conversion would not serve the best
interests of creditors.... The Debtors do not have a reasonable
likelihood of rehabilitation.  Substantially all of the Debtors'
assets were sold to Heligear.  All of the Debtors' remaining
assets are encumbered by over $10 million of unpaid pre-petition
senior secured debt.  Accordingly, there is no prospect of
reorganization of the businesses or confirming a chapter 11 plan
and cause exists to dismiss or convert the cases pursuant to
Section 1112(b) of the Bankruptcy Code.... Furthermore, the
Debtors are unaware of any matter requiring the involvement of a
chapter 7 trustee...."

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, Northstar, now known as NSA (USA) Liquidating Corp., sold
its business to Wynnchurch Capital Ltd.'s Heligear Acquisition Co.
for $70 million.

The Bloomberg report said the dismissal order requires all
remaining funds, after payment of professional fees and agreed
wind-down expenses, to be paid to Fifth Third Bank as agent for
the senior secured lenders. This includes any future tax refunds
or recoveries, the Bloomberg report noted.

                     About Northstar Aerospace

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

Northstar Aerospace, along with affiliates, filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 12-11817) in Wilmington
on June 14, 2012, to sell its business to affiliates of Wynnchurch
Capital, Ltd., absent higher and better offers.  Certain Canadian
affiliates also sought protection pursuant to the Companies'
Creditors Arrangement Act, R.S.C.1985, c. C-36, as amended.

In July, the Bankruptcy Court approved the sale to Wynnchurch's
unit, Heligear Acquisition Co. and Heligear Canada Acquisition
Corporation for a total of $70 million, or to the highest bidder
at auction.  Wynnchurch closed the deal in September.

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

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

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

No creditors' committee has been appointed in the cases.  No
trustee or examiner has been appointed.


OCEAN 4660: Case Converted to Chapter 7 Liquidation
---------------------------------------------------
The Bankruptcy Court, according to debtor Ocean 4660, LLC's case
docket, converted the Chapter 11 case of the Debtor to one under
Chapter 7 of the Bankruptcy Code.

Maria M. Yip, the acting bankruptcy trustee, requested for the
conversion of the case, stating that he has (a) sold substantially
all of the assets of the estate; and (b) entered into various
settlements with creditors, including a settlement that resolved
the largest claim against the estate filed by Comerica Bank in
excess of $14 million.

Creditors El Mar Associates, Inc., and Oceanside Lauderdale, Inc.,
had filed a motion to set deadlines and dismiss case.  Trustee Yip
opposed the motion to dismiss, and submitted that it is in the
best interest of the creditors of the estate that the case be
converted to a Chapter 7 case.

The trustee said that the only remaining tasks for the
administration of the estate are (a) briefing and resolution of an
appeal taken by creditor, Kenneth A. Frank, pro se; (b) resolution
of the pending motion to dismiss and the motion; (c) completing
the claims reconciliation process; (d) analysis of whether to
assert any causes of action; (e) routine trustee administrative
tasks necessary to close a case; and (f) making distributions to
creditors promptly as possible.

The Court also ordered that Trustee Yip is removed from the case.

The trustee is represented by:

         Drew M. Dillworth, Esq.
         STEARNS WEAVER MILLER WEISSLER ALHADEFF &SITTERSON, P.A.
         Museum Tower, Suite 2200
         150 West Flagler Street
         Miami, FL 33130
         Tel: (305) 789-3200
         Fax: (305) 789-3395
         E-mail: ddillworth@stearnsweaver.com

                      About Ocean 4660

Ocean 4660, LLC filed a Chapter 11 petition (Bankr. S.D. Fla. Case
No. 13-23165) in its hometown on June 2, 2013.  Rick Barreca
signed the petition as chief restructuring officer.  The Company
disclosed $15,762,871 in assets and $16,587,678 in liabilities as
of the Chapter 11 filing.

Judge John K. Olson presides over the case.  The Debtor tapped RKJ
Hotel Management, LLC, as hotel manager and RKJ's Rick Barreca as
the CRO.

The Debtor tapped Genovese Joblove & Battista, P.A. as counsel.
Irreconcilable differences prompted the firm to withdraw as
counsel in July 2013.

The Court approved the appointment of Maria Yip, of Coral Gables,
Florida, as Chapter 11 trustee.  Drew M. Dillworth, Esq., at the
law firm of Stearns Weaver Miller Weissler Alhadeff & Sitterson,
P.A. serves as his counsel.  Kerry-Ann Rin, CPA, and the
consulting firm of Yip Associates serve as financial advisor, and
accountant.

The U.S. Trustee has not appointed an official committee of
unsecured creditors.


PACIFIC SANDS: Incurs $334K Net Loss for FY Ended June 30
---------------------------------------------------------
Pacific Sands, Inc., filed with the U.S. Securities and Exchange
Commission on Sept. 29, 2014, its annual report on Form 10-K for
the fiscal year ended June 30, 2014.

Sassetti, LLC, expressed substantial doubt about the Company's
ability continue as a going concern, citing that the Company has a
significant accumulated deficit.

The Company reported a net loss of $334,059 on $2.92 million of
net sales for the fiscal year ended June 30, 2014, compared with a
net loss of $104,482 on $2.03 million of revenue in 2013.

The Company's balance sheet at June 30, 2014, showed $1.08 million
in total assets, $1.12 million in total liabilities and total
stockholders' deficit of $37,375.

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

                       http://is.gd/VwxumC

Based in Kenosha, Wisconsin, Pacific Sands, Inc. with the right to
do business as Natural Water Technologies was incorporated in
Nevada on July 7, 1994.

Pacific Sands develops, manufactures, markets and sells a range of
nontoxic, environmentally friendly cleaning and water-treatment
products based on proprietary blended botanical, nontoxic and
natural chemical technologies. The Company's products have
applications ranging from water maintenance (spas, swimming pools,
fountains, decorative ponds) to cleaning (nontoxic household and
industrial) and pet care.


PAMA LANE HOLDING: Case Summary & 3 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Pama Lane Holding Corporation
        2020 Pama Lane
        Las Vegas, NV 89119

Case No.: 14-16721

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: October 6, 2014

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. August B. Landis

Debtor's Counsel: Taylor L. Randolph, Esq.
                  RANDOLPH LAW FIRM, P.C.
                  2045 Village Center CR., Suite 100
                  Las Vegas, NV 89134
                  Tel: 702-877-1313
                  Fax: 702-233-5597
                  Email: tr@randolphlawfirm.com

Total Assets: $1.40 million

Total Liabilities: $3.30 million

The petition was signed by Gary Sylver, president.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/nvb14-16721.pdf


POSTMEDIA NETWORK: Moody's Affirms B3 Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service affirmed Postmedia Network Inc.'s B3
corporate family rating (CFR), B3-PD probability of default
rating, Ba3 first lien notes rating, Caa1 second-lien notes rating
and SGL-3 speculative grade liquidity rating, and changed the
ratings outlook to stable from negative.

Postmedia has announced the acquisition of the English language
newspaper business and Toronto printing facility of Sun Media
Corporation (Sun Media), a subsidiary of Quebecor Media Inc. (Ba3
stable) for $306 million, subject to working capital adjustments.
Postmedia plans to fund the acquisition and related transaction
fees with $186 million of committed equity and asset sale proceeds
and $140 million of subscription receipts an existing note holder
has agreed to purchase, which will be converted to $140 million of
debt (add-on to first lien notes) at close. The transaction is
subject to regulatory approval and is expected to close in 2015.

"Despite ongoing newspaper industry pressures, the outlook change
to stable recognizes that the Sun Media acquisition is
deleveraging (adjusted Debt/EBITDA improves to 3.8x from 4.8x) and
will enhance Postmedia's free cash flow generating capacity", says
Peter Adu, Moody's lead analyst for Postmedia.

Ratings Affirmed:

Corporate Family Rating, B3

Probability of Default Rating, B3-PD

$205M First Lien Notes due 2017, Ba3 (LGD2)

US$269M ($291M) Second Lien Notes due 2018, Caa1 (LGD5)

Speculative Grade Liquidity Rating, SGL-3

Outlook:

Changed to Stable from Negative

Ratings Rationale

Postmedia's B3 CFR primarily reflects continuing high single-digit
revenue decline and slow progress in the transition to digital,
mitigated by ongoing cost reductions, positive free cash flow
generation which is being used to reduce debt and Moody's
expectation that leverage will be maintained around 4x through the
next 12 to 18 months (pro forma adjusted Debt/EBITDA is 3.8x).
Although Postmedia has been transitioning to digital, the rating
considers that digital's low entry barriers and non-existent
geographic boundaries will limit its potential to compensate for
the decline in print revenue.

Postmedia has adequate liquidity (SGL-3). Postmedia's pro forma
cash is $46 million and the company is expected to generate annual
free cash flow around $65 million. Moody's has not considered the
impact of the company's $20 million asset-backed revolver in the
SGL rating as the facility matures in less than a year (July
2015). Postmedia has limited alternative liquidity generating
potential as individual asset sale proceeds above $10 million must
be used to repay debt rather than to enhance liquidity.

The outlook is stable and reflects Moody's expectation that the
combined company's enhanced cash flow generating capacity will
enable it to pay down debt and maintain leverage at a level which
is supportive of the B3 rating through the next 12 to 18 months.

A ratings upgrade will be considered if the company reverses the
decline in revenue and EBITDA and sustains adjusted Debt/ EBITDA
below 3.5x and EBITDA - Capex/ Interest above 2x. Postmedia's
ratings will be downgraded if its liquidity deteriorates, likely
due to continued negative free cash flow generation or if
deterioration in revenue and earnings causes adjusted Debt/ EBITDA
to be sustained above 6x.

The principal methodology used in this rating was the 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.

Postmedia Network Inc. is a publisher of one national newspaper,
nine metropolitan daily newspapers and five non-daily community
newspapers in Canada. Revenue for the last twelve months ended May
31, 2014 was $697 million. The company is headquartered in
Toronto, Ontario, Canada.


PRIVISION HOLDING: RBSM LLP Replaced Farber Hass as Accountants
---------------------------------------------------------------
Provision Holding, Inc., dismissed Farber Hass Hurley LLP as the
Company's independent registered public accounting firm.
The Company's Board of Directors approved FHH's dismissal on
Sept. 26, 2014.

The reports of FHH regarding the Company's financial statements as
of, and for, the years ended June 30, 2010, and June 30, 2009 did
not contain any adverse opinion or disclaimer of opinion, nor were
any such reports qualified or modified as to uncertainty, audit
scope or accounting principles, except FHH issued a going concern
qualification in FHH's reports regarding the Company's financial
statements as of, and for, the years ended June 30, 2010, and
June 30, 2009, in which FHH indicated conditions which raised
substantial doubt on the Company's ability to continue as a going
concern.

During the fiscal years ended June 30, 2010 and June 30, 2009, and
during the subsequent interim periods through March 31, 2011, and
through Sept. 26, 2014, the date of dismissal, there have been no
disagreements between the Company and FHH.

On Sept. 26, 2014, the Company engaged RBSM LLP as the Company's
new independent registered public accounting firm.  The Company's
Board of Directors approved the engagement of RBSM LLP on
Sept. 26, 2014.

During the fiscal years ended June 30, 2010 and June 30, 2009, and
during the subsequent interim periods through March 31, 2011 and
through Sept. 26, 2014, the date of engagement, the Company did
not consult with RBSM LLP regarding (i) the application of
accounting principles to any specified transaction, either
completed or proposed; (ii) the type of audit opinion that might
be rendered regarding the Company's financial statements; or (iii)
any matter that was either the subject of a disagreement (as
defined in Item 304(a)(1)(iv)) or a reportable event (as defined
in Item 304(a)(1)(v)).

The Company is delinquent in filing its periodic report and has
received a written accommodation from the U.S. Securities and
Exchange Commission to file a comprehensive annual report on Form
10-K.  The approved accommodation from the SEC will allow for the
filing of a Comprehensive Form 10-K for the periods from March 31,
2011, through the year ended June 30, 2014, to include all audited
financial statements and other material information that would
have been available had the Company filed timely and complete
reports.

                      About Provision Holding

Based in Chatsworth, Calif., Provision Holding, Inc., is focused
on the development and distribution of its patented three-
dimensional, holographic interactive displays focused at grabbing
and holding consumer attention particularly and initially in the
advertising and product merchandising markets.

The Company's balance sheet at March 31, 2011, showed
$1.16 million in total assets, $6.06 million in total liabilities
and a $4.89 million total stockholders' deficit.

As reported in the Troubled Company Reporter on Nov. 23, 2010,
Farber Hass Hurley LLP, in Camarillo, California, expressed
substantial doubt about Provision Holding, Inc.'s ability to
continue as a going concern, following the Company's fiscal year
ended June 30, 2010.  The independent auditors noted that the
Company has incurred significant losses in 2010 and 2009 and has
negative working capital of $4.3 million.


PRO MACH GROUP: Moody's Assigns B3 Corp. Family Rating
------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating
(CFR) and a B3-PD Probability of Default Rating (PDR) to Pro Mach
Group, Inc. ("New Pro Mach"), as well as B2 ratings to its first
lien credit facility consisting of a $60 million revolving credit
expiring in 2019 and a $405 million term loan due 2021. The rating
outlook is stable.

New Pro Mach's ratings are for financing being structured for the
acquisition of Pro Mach, Inc. by AEA Investors LP ("AEA"). New Pro
Mach refers to the structure following the completion of the
transaction. Moody's ratings for existing Pro Mach, Inc. including
its B2 CFR and B2 credit facility rating are unchanged, but, upon
the closing of AEA's purchase, will be withdrawn as the company
plans to repay its existing debt in conjunction with the proposed
financing.

New Pro Mach's B3 CFR is one notch below the existing B2 CFR at
Pro Mach, Inc. due to the significant increase in debt and
leverage as a result of the acquisition by AEA. Financing for the
acquisition will also include approximately $225 million of
unrated second lien notes as well as a sizable equity
contribution.

Ratings assigned:

Pro Mach Group, Inc.

Corporate Family Rating, B3

Probability of Default, B3-PD

$60 million first lien revolving credit expiring 2019, B2,
LGD-3, 33%

$405 million first lien term loan due 2021, B2, LGD-3, 33%

Outlook is stable

Ratings Rationale

New Pro Mach's B3 CFR considers the company's modest revenue scale
in a fragmented industry and significantly increased financial
leverage (Moody's gauged initial debt/EBITDA to be around 7.5
times on an adjusted basis). The rating also incorporates the
company's competitive offerings across a range of equipment and
significant revenue contributions from aftermarket products and
services. The rating benefits from the company's track record of
sustained profitability and free cash flow that reflects limited
working capital and modest capital expenditure needs. Although
demand for new equipment tends to be cyclical, the company's
installed base of equipment facilitates material cash flows and
earnings from the less volatile and higher margin aftermarket and
consumable segment. While the company's business base is
concentrated in North America, its primary end-markets are in
relatively stable sectors such as the food, beverage, consumer
products and pharmaceuticals industries. Furthermore its customer
base is fairly diverse, which provides some stability to ongoing
demand. The engineered nature of equipment, integrated service
offering combined with the company's established field presence,
and successful operating record are supportive of maintaining long
term customer relationships.

Pro Mach was assembled through a series of acquisitions and it has
continued to purchase business lines in the packaging machinery
industry that add to its capabilities and product offerings.
Acquired operations have allowed the company to provide integrated
systems to customers as well as an opportunity to rationalize
administrative and corporate costs. Strategically, Moody's expects
the company will complete further transactions that will slow the
pace of leverage reduction.

Moody's anticipates in the stable outlook that New Pro Mach will
generate low-to-mid single digit revenue growth and continuing
free cash flow. This will enable the company to adequately service
its scheduled fixed charges over the next 12-18 months. The
outlook is further supported by good liquidity.

Attaining greater scale in its operations, adding geographic
diversification, reducing funded debt through free cash flow
generation and improving profitability would lead to an upgrade if
debt/EBITDA is at or below 6 times, EBITA/interest is greater than
2 times and FCF/debt is consistently above 5%. The ratings and
outlook could encounter downward pressure should prospects for the
company's revenues and margins appreciably soften and lead to
higher leverage and weaker coverage metrics. Quantitatively, this
could be evidenced through: EBITA/interest below 1 times,
debt/EBITDA sustained above 7.5 times, and FCF/debt under 2%.

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

Pro Mach Group, Inc., headquartered in Loveland, OH, manufactures
a range of packaging equipment and related aftermarket parts and
services used primarily in the food, beverage, household goods and
pharmaceutical industries. On September 15, 2014, affiliates of
AEA Investors LP entered into an agreement to acquire Pro Mach,
Inc from the Jordan company. The transaction is expected to close
in the fourth quarter of 2014. Pro forma for recent acquisitions
revenues in 2014 are expected to exceed $500 million.


PROMMIS HOLDINGS: Court Lifts Automatic Stay
--------------------------------------------
The Hon. Brendan Linehan Shannon of the U.S. Bankruptcy Court for
the District of Delaware has entered an agreed order lifting and
annulling the automatic stay and the injunction set forth in
Prommis Holdings, LLC, et al.'s First Amended Plan of Liquidation,
to allow Annette Greetis to prosecute and to allow Deutsche Bank
National Trust Company, as trustee for GSR 2007-AR1 and PNC Bank,
National Association, as successor by merger to National City
Bank, to defend the alleged wrongful foreclosure-related lawsuit
pending in the San Diego County Superior Court and to pursue
claims.

                     About Prommis Holdings

Atlanta, Georgia-based Prommis Holdings, LLC, and its 10
affiliates delivered their petitions for voluntary bankruptcy
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 13-10551) on March 18, 2013.

Three subsidiaries -- EC Closing Corp., EC Closing Corp. of
Washington, and EC Posting Closing Corp. -- sought Chapter 11
protection (Bankr. D. Del. Case Nos. 13-11619 to 13-11621) on
June 25, 2013.

Prommis Holdings estimated assets between $10 million and $50
million and debts between $50 million and $100 million.  Prommis
Solutions, LLC, a debtor-affiliate disclosed $18,488,803 in assets
and $260,232,313 in liabilities as of the Chapter 11 filing.

Judge Brendan Linehan Shannon presides over the case.  Steven K.
Kortanek, Esq., at Womble Carlyle Sandridge & Rice, LLP, serves as
the Debtors' counsel, while David S. Meyer, Esq., at Kirkland &
Ellis LLP serves as co-counsel.  The Debtors' restructuring
advisor is Huron Consulting Services, LLC.  Donlin Recano &
Company, Inc., is the Debtors' claims agent.

According to the Disclosure Statement and Plan of Liquidation
dated Nov. 12, 2013, the Plan contemplates the liquidation of the
Debtors' remaining assets and distribution to creditors.  The Plan
designates for the Company 9 classes of claims and interests.

The Official Committee of Unsecured Creditors tapped Saul Ewing
LLP and Hahn & Hessen LLP as its co-counsels, and FTI Consulting,
Inc., as its financial advisor.


PROSPECT PARK: Court OKs Jones Day as Special Counsel
-----------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has
authorized Prospect Park Networks, LLC, to employ Jones Day as
special litigation counsel.

As reported by the TCR on Oct 3, 2014, the Official Committee of
Unsecured Creditors asked the Court to adjourn sine die the
Debtors' application to employ Jones Day, or in the alternative,
deny the application.  The Committee claimed that the employment
of Jones Day at this time is premature and would render the
Debtor's plan of liquidation unconfirmable and lead to the
administrative insolvency of the Chapter 11 Case.

                   About Prospect Park Networks

Prospect Park Networks, LLC, a Los Angeles, Calif.-based talent
and management company, filed for Chapter 11 bankruptcy (Bankr. D.
Del. Case No. 14-10520) in Wilmington, on March 10, 2014,
estimating $50 million to $100 million in assets, and $10 million
to $50 million in debts.  The petition was signed by Jeffrey
Kwatinetz, president.

William E. Chipman, Jr., Esq., and Mark D. Olivere, Esq., at
Cousins Chipman & Brown LLP, in Wilmington, Delaware; and John H.
Genovese, Esq., Michael Schuster, Esq., and Heather L. Harmon,
Esq., at Genovese Joblove & Battista, P.A. serve as the Debtor's
bankruptcy counsel.  The Debtor also hired Cohn Reznick LLP as an
ordinary course professional.

The U.S. Trustee for Region 3 selected three creditors to serve on
the Official Committee of Unsecured Creditors.  Cole, Schotz,
Meisel, Forman & Leonard, P.A., serves as the Committee's counsel.


PROVIDENCE SERVICE: S&P Assigns 'B+' Corp. Credit Rating
--------------------------------------------------------
Standard & Poor's Ratings Services assigned a 'B+' corporate
credit rating to Providence Service Corp. The outlook is positive.

S&P assigned a 'B+' issue-level rating to the company's credit
facility. The recovery rating is '3', indicating meaningful (50%-
70%) recovery in the event of default.

S&P also assigned a 'B-' issue-level rating to the company's
senior unsecured notes. The recovery rating is '6', indicating
negligible (0%-10%) recovery in the event of default.

"The rating on Providence primarily reflects the company's high
dependence on government contracts with U.S. state and local
agencies and the U.K. for three of its four businesses.
Additionally, the company's operations are in highly fragmented
niche markets with some exposure to income variability within its
newly acquired international business, Ingeus," said Standard &
Poor's credit analyst Tahira Wright. "Modest leverage, which we
expect to be about 3.5 to 4.0x pro forma for recent acquisitions,
offsets business risk."

While Providence is a leading player in a niche industry that
provides home and community-based social services, foster care,
and nonemergency transportation service, it is highly susceptible
to reimbursement risk, with high reliance on contracts associated
with government agencies that now comprise about 80% of its total
contract base. Recent acquisitions, Ingeus and Matrix, diversify
its customer mix. Still, S&P notes that the company's government
payors such as Medicaid are subject to possible budget constraints
that can lead to reimbursement reductions.

The company also is subject to income variability. The Ingeus
business revenues are highly correlated to U.K. employment
placement. The company's nonemergency transportation business
Logisticare is reimbursed based on capitated contracts. While the
company has been successful in managing the transportation
contracts with states, there is a risk that utilization rates
could be higher than established negotiated capitated rates. Pro
forma the 2014 acquisitions, the company will be a significant
operator in four very distinct niche and highly fragmented
businesses. Offsetting factors include the company's growth
potential driven by the expected increase in Medicaid enrollment
attributable to the Affordable Care Act and the growing initiative
of governments to privatize social, welfare and employment
services. S&P assesses the company's business risk as "weak".

"We expect Providence to operate with leverage between 3x and 4x
through 2015 and beyond, pro forma the debt-financed acquisition.
We expect the company to use free cash flow to expand its
operations through investing in organic growth initiatives and
acquisitions. The financial risk assessment is 'significant,'"
said S&P.

S&P's positive rating outlook on Providence Service Corp.
incorporates the ratings agency's expectation that the company is
likely to achieve its base-case scenario of operating with
leverage at 3.7x in 2015. However, the company faces considerable
integration risk to achieve the forecast.


QUALITY LEASE AND RENTAL: Files for Ch. 11 in Victoria, Texas
-------------------------------------------------------------
Quality Lease and Rental Holdings, LLC, doing business as Rocaceia
Energy Services, sought bankruptcy protection in Victoria, Texas
(Bankr. S.D. Tex. Case No. 14-60074) on Oct. 1, 2014.

Quality Lease estimated $10 million to $50 million in assets and
$50 million to $100 million in liabilities in its Chapter 11
bankruptcy petition.

Related entities Quality Lease Rental Service, LLC, Quality Lease
Service, LLC, and Rocaceia, LLC also sought bankruptcy protection
(Case Nos. 14-60075 to 14-60077).

The cases are assigned to Judge David R Jones.

The Debtors have tapped Walter J Cicack, Esq., at Hawash Meade
Gaston Neese & Cicack LLP, in Houston, as counsel.


RADIOSHACK CORP: Fitch Assigns 'CCC-/RR2' Rating to $250MM Loan
---------------------------------------------------------------
RadioShack Corporation announced that Standard General LP and
certain other investors have replaced GE Capital as the lead
lender under RadioShack's $585 million senior secured asset based
lending (ABL) credit facility (which included a $50 million FILO
term loan tranche)and agreed to changes affecting the amount
available to borrow under the facility. Other investors, including
RadioShack shareholders Standard General and Litespeed Management
LLC, are providing $120 million to be used to cash-collateralize
letters of credit (LOCs) for RadioShack.

While these actions provide near-term liquidity to fund the
inventory build-up for the upcoming holiday season, Fitch Ratings
still believes the risk of a restructuring (in or outside of
bankruptcy), including a distressed debt exchange, that is
detrimental to bondholders remains high over the next several
months given the material deterioration in liquidity and no
visible signs that RadioShack can turn operations around. In
addition, RadioShack needs to meet certain conditions to maintain
the new credit facility and convert the $120 million investment
into equity; meeting all the hurdles is likely to be challenging.

Significant Deterioration in Liquidity
There was significant erosion in RadioShack's liquidity during the
second quarter of 2014 (2Q'14), with total liquidity of $183
million as of Aug. 2, 2014 ($31 million in cash and $152 million
of availability on the revolver) down from $424 million at the end
1Q'14. Revolver availability was constrained by additional
discretionary reserves of $104 million put in place by the
lenders, drawings on the revolver of $43 million (up from no
borrowings at the end of 1Q'14), an increase in LOCs to $89
million, and a lower borrowing base due to lower inventories and
receivables. While no details have been provided about the changes
to the new credit availability, the $120 million investment that
will be used to cash-collateralize the LOCs, the potential removal
of discretionary reserves of $104 million put in place by GE
Capital, and other measures could provide approximately $200
million in additional near-term liquidity.

Fitch estimates that RadioShack will have liquidity needs of up to
$300 million during 2H'14, including negative free cash flow (FCF)
of around $200 million and a seasonal inventory build-up of an
estimated $100 million. The negative FCF projection is based on
2H'14 EBITDA of negative $150 million, interest expense of $30
million, and capex of $20 million, and assumes flat working
capital. For the full year, Fitch expects EBITDA to be in the
negative $300 million range with no upside in 2015.

RadioShack reported a 17.5% revenue decline in 1H'14, and a 16.9%
decline in comparable (comp) store sales. EBITDA for the LTM
period end Aug. 2, 2014 was negative $272 million, compared with
negative $161 million in 2013 and positive $48 million in 2012.
Weak underlying trends in RadioShack's mobility and consumer
electronics businesses have been responsible for this material
decline in profitability. Within RadioShack's U.S. Company-
Operated Stores Segment, comparable store mobility sales (52% of
revenue; includes postpaid and prepaid wireless handsets,
commissions and residual income, prepaid wireless airtime, e-
readers, tablet devices, wireless accessories, and tablet
accessories) were down 24% in the first half mainly due to unit
declines in its post-paid wireless business, and comp store retail
sales (consumer electronics, batteries, etc.) were down 8.9%.
Fitch projects continued negative trends in these businesses.

New Financing Plan and Implications for Liquidity
ABL Facility - Standard General and certain other investors have
acquired the loans and agreed to changes affecting the credit
availability under RadioShack's existing ABL Facility. As a
result, RadioShack believes that it will have sufficient credit
capacity under the ABL facility to fund its inventory build for
holiday. Because borrowing availability under the amended ABL
facility changes in March 2015 (details not provided yet),
RadioShack expects to seek to refinance the facility by that time.
In addition, the amended ABL facility will be required to be
refinanced if the rights offering described below is not completed
by March 15, 2015.

New equity - The $120 million investment is expected to be
converted into equity securities representing (together with
related fees payable in equity securities) 50% to 80% of
RadioShack's outstanding equity securities upon satisfaction of
certain conditions. These conditions include the modification of a
key supplier contract, at least $100 million of available cash and
borrowing capacity at Jan. 15, 2015, development of a fiscal 2016
plan satisfying certain requirements and the completion of a
rights offering to existing RadioShack shareholders to purchase
equity securities at a price of $0.40 per common share equivalent.

RadioShack intends to initiate the rights offering late this year
or in early 2015. The percentage of equity securities that
Standard General and other investors will own as a result of this
transaction will depend upon the level of participation, if any,
of existing shareholders in the offering. If no shares were
purchased in the rights offering, existing shareholders would own
20% of RadioShack's equity securities.

The $120 million investment that will be used to cash-
collateralize the assets and the potential removal of
discretionary reserves of $104 million put in place by GE Capital
and other measures could provide approximately $200 million in
additional liquidity under the new financing plan. However,
RadioShack will need to significantly improve its operations
and/or undertake a major store consolidation program to pursue a
longer-term restructuring and stave off bankruptcy early next
year. It will need to seek amendments to address constraints under
its existing $250 million term loan, led by Salus Capital, in
order to undertake a store-base consolidation program and pursue
other measures to reduce its cost structure. Currently the term
loan allows only 200 store closings annually, down from its
earlier plan to close up to 1,100 stores. In Fitch's view, closing
fewer stores is a drag on profitability and, more significantly,
FCF, as it does not provide the much-needed funds from inventory
liquidation that RadioShack has been seeking.

Fitch has the following ratings on RadioShack Corporation:

-- Long-term Issuer Default Rating (IDR) 'C'
-- $585 million senior secured ABL revolver 'CCC/RR1';
-- $250 million secured term loan 'CCC-/RR2';
-- Senior unsecured notes 'C/RR6'.


REFCO PUBLIC: Bankruptcy Court Confirms Amended Liquidation Plan
----------------------------------------------------------------
Refco Public Commodity Pool, L.P., f/k/a S&P Managed Futures Index
Fund, LP, won an order confirming its Amended Plan of Liquidation.

The Amended Plan provides that the Debtor will assume as part of
the plan a letter agreement with KPMG (Cayman) regarding the
provision of restructuring advisory services in relation to the
SPhinX Companies, dated April 11, 2014.

Under the Plan, holders of allowed secured and unsecured claims
are not impaired and will receive full payment with interest on or
as soon as practicable after the effective date of the Plan.
Holders of limited partnership interests will each receive a pro
rata share of remaining cash after payment of claims and will vote
on the Plan.  Holders of subordinated interests are not receiving
anything and are deemed to reject the Plan.  There are 1,700
limited partners.

As of the date of filing of the bankruptcy case, the Fund has
$11.97 million in cash.  The Fund expects to receive substantial
additional distributions from the SPhinX Group through the end of
its liquidation.

A full-text copy of the Amended Plan dated Sept. 8, 2014, is
available at http://bankrupt.com/misc/RefcoPublicplan0908.pdf

The Debtor is represented by Russell C. Silberglied, Esq., Paul N.
Heath, Esq., and Amanda R. Steele, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware; and Dennis J. Connolly,
Esq., William S. Sugden, Esq., and Suzanne N. Boyd, Esq., at
Alston & Bird LLP, in Atlanta, Georgia.

                 About Refco Public Commodity

Refco Public Commodity Pool, L.P., also known as S&P Managed
Futures Index Fund, L.P., is a fund that was formed in May 2003 to
make investments that substantially track the performance of the
Standard & Poor's Managed Futures Index.  It did this by investing
substantially all of its assets in SPhinX Managed Futures Fund,
SPC, a Cayman Islands domiciled segregated portfolio company.
RefcoFund Holdings, LLC was the general partner of the Fund.

Refco Public filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 14-11216) in Wilmington, Delaware, on May 13, 2014.
Daniel F. Dooley signed the petition as managing member of MAA,
LLC.  The Debtor estimated assets of $17 million and debt of $0.

The case is assigned to Judge Brendan Linehan Shannon.  Attorneys
for the Debtor are Russell C. Silberglied, Esq., Paul N. Heath,
Esq., and Amanda R. Steele, Esq., at Richards, Layton, & Finger,
PA of Wilmington, Delaware and Dennis J. Connolly, Esq., William
S. Sudgen, Esq., and Suzanne N. Boyd, Esq., at Alston & Bird, LLP
of Atlanta, Georgia.

Morris Anderson & Associates, Ltd., is the Debtor's financial
advisor, and Maples & Calder serves as the Debtor's Cayman Islands
counsel.


RESEARCH SOLUTIONS: Incurs $1.87-Mil. Loss in FY Ended June 30
--------------------------------------------------------------
Research Solutions, Inc., filed with the U.S. Securities and
Exchange Commission on Sept. 29, 2014, its annual report on Form
10-K for the fiscal year ended June 30, 2014.

The Company reported a net loss of $1.87 million on $36.55 million
of revenue for the fiscal year ended June 30, 2014, compared with
net income of $191,922 on $45.5 million of revenue last year.

The Company's balance sheet at June 30, 2014, showed $9.04 million
in total assets, $9.46 million in total liabilities and a
stockholders' deficit of $418,926.

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

                       http://is.gd/tbGFU9

Research Solutions, Inc. provides research information services
and software to research-intensive industries in the Life Sciences
and other fields.  The Encino, California-based Company delivers
copyrighted copies of published content, including articles from
published journals, to content users in hard copy or electronic
form.


REICHHOLD INC: Has Interim OK to Tap $93.6-Mil. in DIP Loans
------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware gave Reichhold Holdings US, Inc., et al.,
interim authority to obtain postpetition secured financing in the
aggregate principal amount of $93,620,000 separately from Cantor
Fitzgerald Securities, as administrative and collateral agent, and
Reichhold Holdings International B.V.

At the final hearing scheduled for Oct. 27, 2014, at 2:00 (EST),
the Debtors will seek final approval to obtain up to an aggregate
amount of $106,380,000 consisting of (a) up to $53,190,000 from
Cantor Fitzgerald Securities, as administrative and collateral
agent for a consortium of lenders, ("Senior DIP Loan") and (b) up
to $53,190,000 from Reichhold BV, the Debtors' non-debtor foreign
affiliate ("Junior DIP Loan").

The DIP Loans will bear interest at the rate of 12% per annum or
at the PIK Rate of 14%.  During the occurrence and continuance of
an event of default, the Senior DIP Loan will bear interest at 2%
per annum in excess of the otherwise applicable rate.  The DIP
Loans mature and must be paid in full on Feb. 27, 2015.

Law360 reported that Judge Walrath, during the interim DIP
hearing, expressed concerns that the structure of the financing
package would chill bidding for the chemical company's intended
sale under Section 363 of the Bankruptcy Code.  Judge Walrath
worried that the interim DIP facility would entrench bondholders
of Reichhold's nondebtor international affiliates as the stalking
horse bidder, but agreed to sign off on the package because better
terms were not available, the Law360 report said.

Objections to the final approval of the DIP Loans are due Oct. 20.

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

     http://bankrupt.com/misc/REICHHOLDdipbudget1002.pdf

                        About Reichhold

Founded in 1927, Reichhold, with its world headquarters and
technology center in Durham, North Carolina, USA, is one of the
world's largest manufacturer of unsaturated polyester resins and a
leading supplier of coating resins for the industrial,
transportation, building and construction, marine, consumer and
graphic arts markets.  Reichhold -- http://www.Reichhold.com/--
has manufacturing operations throughout North America, Latin
America, the Middle East, Europe and Asia.

As of June 30, 2014, the Reichhold companies had consolidated
assets of $538 million and liabilities of $631 million.  In 2013,
the companies generated $1.08 billion in net revenue, and as of
the year-to-date August 2014, $750 million in net revenues.

Reichhold Holdings US, Inc., Reichhold, Inc., and two U.S.
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-12237) on Sept. 30, 2014.

The Reichhold Companies are pursuing a sale transaction that has
two elements:

   (i) a consensual foreclosure by the holders of senior secured
notes on their security interests in the common and preferred
stock in Reichhold Holdings Luxembourg, S.a.r.l. ("RHL"), the
ultimate holding company of all of the non-debtor affiliates that
operate outside the U.S., and

  (ii) a purchase of certain assets of the Debtors by Reichhold
Holdings International B.V. through a credit bid pursuant to
Section 363 of the Bankruptcy Code.

Cole, Schotz, Meisel, Forman & Leonard, P.A. (legal advisor) and
CDG Group LLC (financial advisor) are representing Reichhold, Inc.
Latham & Watkins LLP (legal advisor) and Moelis & Company
(investment banker) are serving Reichhold Industries, Inc.

Logan & Company is the company's claims and noticing agent.

The cases are assigned to Judge Mary F. Walrath.


REICHHOLD INC: Court Issues Joint Administration Order
------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware issued an order authorizing the joint
administration of the Chapter 11 cases of Reichhold Holdings US,
Inc., et al., under Case No. 14-12237(MFW) and consolidating the
cases for procedural purposes only.

                        About Reichhold

Founded in 1927, Reichhold, with its world headquarters and
technology center in Durham, North Carolina, USA, is one of the
world's largest manufacturer of unsaturated polyester resins and a
leading supplier of coating resins for the industrial,
transportation, building and construction, marine, consumer and
graphic arts markets.  Reichhold -- http://www.Reichhold.com/--
has manufacturing operations throughout North America, Latin
America, the Middle East, Europe and Asia.

As of June 30, 2014, the Reichhold companies had consolidated
assets of $538 million and liabilities of $631 million.  In 2013,
the companies generated $1.08 billion in net revenue, and as of
the year-to-date August 2014, $750 million in net revenues.

Reichhold Holdings US, Inc., Reichhold, Inc., and two U.S.
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-12237) on Sept. 30, 2014.

The Reichhold Companies are pursuing a sale transaction that has
two elements:

   (i) a consensual foreclosure by the holders of senior secured
notes on their security interests in the common and preferred
stock in Reichhold Holdings Luxembourg, S.a.r.l. ("RHL"), the
ultimate holding company of all of the non-debtor affiliates that
operate outside the U.S., and

  (ii) a purchase of certain assets of the Debtors by Reichhold
Holdings International B.V. through a credit bid pursuant to
Section 363 of the Bankruptcy Code.

Cole, Schotz, Meisel, Forman & Leonard, P.A. (legal advisor) and
CDG Group LLC (financial advisor) are representing Reichhold, Inc.
Latham & Watkins LLP (legal advisor) and Moelis & Company
(investment banker) are serving Reichhold Industries, Inc.

Logan & Company is the company's claims and noticing agent.

The cases are assigned to Judge Mary F. Walrath.


REICHHOLD INC: Has Authority to Employ Logan & Co as Claims Agent
-----------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware authorized Reichhold Holdings US, Inc., et
al., to employ Logan & Company Inc. as claims and noticing agent.

For consulting services, professionals at Logan will charge at
these hourly rates:

                                              Hourly
     Category                                 Rate
     --------                                 ------
Principal                                     $297
Court Testimony                               $300
Statement & Schedule Preparation              $220
Account Executive Support                     $205
Public Web Site Design and Maintenance        $205
Programming Support                           $165
Project Coordinator                           $140
Quality Control and Audit                      $77
Data Entry                                     $77
Clerical Support                               $50

Prior to the Petition Date, the Debtors provided Logan a $10,000
retainer.

                        About Reichhold

Founded in 1927, Reichhold, with its world headquarters and
technology center in Durham, North Carolina, USA, is one of the
world's largest manufacturer of unsaturated polyester resins and a
leading supplier of coating resins for the industrial,
transportation, building and construction, marine, consumer and
graphic arts markets.  Reichhold -- http://www.Reichhold.com/--
has manufacturing operations throughout North America, Latin
America, the Middle East, Europe and Asia.

As of June 30, 2014, the Reichhold companies had consolidated
assets of $538 million and liabilities of $631 million.  In 2013,
the companies generated $1.08 billion in net revenue, and as of
the year-to-date August 2014, $750 million in net revenues.

Reichhold Holdings US, Inc., Reichhold, Inc., and two U.S.
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-12237) on Sept. 30, 2014.

The Reichhold Companies are pursuing a sale transaction that has
two elements:

   (i) a consensual foreclosure by the holders of senior secured
notes on their security interests in the common and preferred
stock in Reichhold Holdings Luxembourg, S.a.r.l. ("RHL"), the
ultimate holding company of all of the non-debtor affiliates that
operate outside the U.S., and

  (ii) a purchase of certain assets of the Debtors by Reichhold
Holdings International B.V. through a credit bid pursuant to
Section 363 of the Bankruptcy Code.

Cole, Schotz, Meisel, Forman & Leonard, P.A. (legal advisor) and
CDG Group LLC (financial advisor) are representing Reichhold, Inc.
Latham & Watkins LLP (legal advisor) and Moelis & Company
(investment banker) are serving Reichhold Industries, Inc.

Logan & Company is the company's claims and noticing agent.

The cases are assigned to Judge Mary F. Walrath.


REICHHOLD INC: Can Pay $2.2-Mil. to Critical Vendors
----------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware authorized Reichhold Holdings US, Inc., et
al., to pay all or a portion of their critical vendor claims in an
amount not to exceed $2.2 million in the aggregate.

The Debtors are also authorized to take appropriate efforts to
cause critical vendors to enter into trade agreements as a
condition of payment of its critical vendor claims.  If a critical
vendor under a trade agreement refuses to supply goods and/or
services to the Debtors on customary trade terms or minimum credit
terms following receipt of payment on its critical vendor claim or
otherwise fails to comply with any trade agreement, then the
Debtors may declare that any trade agreement is immediately
terminated and declare that payments made to the critical vendor
on account of its critical vendor claim be deemed to have been in
payment of then-outstanding postpetition claims of the critical
vendor.

                        About Reichhold

Founded in 1927, Reichhold, with its world headquarters and
technology center in Durham, North Carolina, USA, is one of the
world's largest manufacturer of unsaturated polyester resins and a
leading supplier of coating resins for the industrial,
transportation, building and construction, marine, consumer and
graphic arts markets.  Reichhold -- http://www.Reichhold.com/--
has manufacturing operations throughout North America, Latin
America, the Middle East, Europe and Asia.

As of June 30, 2014, the Reichhold companies had consolidated
assets of $538 million and liabilities of $631 million.  In 2013,
the companies generated $1.08 billion in net revenue, and as of
the year-to-date August 2014, $750 million in net revenues.

Reichhold Holdings US, Inc., Reichhold, Inc., and two U.S.
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-12237) on Sept. 30, 2014.

The Reichhold Companies are pursuing a sale transaction that has
two elements:

   (i) a consensual foreclosure by the holders of senior secured
notes on their security interests in the common and preferred
stock in Reichhold Holdings Luxembourg, S.a.r.l. ("RHL"), the
ultimate holding company of all of the non-debtor affiliates that
operate outside the U.S., and

  (ii) a purchase of certain assets of the Debtors by Reichhold
Holdings International B.V. through a credit bid pursuant to
Section 363 of the Bankruptcy Code.

Cole, Schotz, Meisel, Forman & Leonard, P.A. (legal advisor) and
CDG Group LLC (financial advisor) are representing Reichhold, Inc.
Latham & Watkins LLP (legal advisor) and Moelis & Company
(investment banker) are serving Reichhold Industries, Inc.

Logan & Company is the company's claims and noticing agent.

The cases are assigned to Judge Mary F. Walrath.


REICHHOLD INC: Wants Schedules Filing Date Extended to Dec. 15
--------------------------------------------------------------
Reichhold Holdings US, Inc., et al., ask the U.S. Bankruptcy Court
for the District of Delaware to extend until Dec. 15, 2014, the
time by which they must file their schedules of assets and
liabilities and statements of financial affairs.

The Debtors tell the Court that given their businesses' size and
complexity, they believe they cannot complete their schedules and
statements accurately within the period specified by the Local
Bankruptcy Rules of Delaware which is Oct. 30, 2014.

A hearing on the extension request is scheduled for Oct. 27, 2014,
at 2:00 p.m. (ET).  Objections are due Oct. 20.

                        About Reichhold

Founded in 1927, Reichhold, with its world headquarters and
technology center in Durham, North Carolina, USA, is one of the
world's largest manufacturer of unsaturated polyester resins and a
leading supplier of coating resins for the industrial,
transportation, building and construction, marine, consumer and
graphic arts markets.  Reichhold -- http://www.Reichhold.com/--
has manufacturing operations throughout North America, Latin
America, the Middle East, Europe and Asia.

As of June 30, 2014, the Reichhold companies had consolidated
assets of $538 million and liabilities of $631 million.  In 2013,
the companies generated $1.08 billion in net revenue, and as of
the year-to-date August 2014, $750 million in net revenues.

Reichhold Holdings US, Inc., Reichhold, Inc., and two U.S.
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-12237) on Sept. 30, 2014.

The Reichhold Companies are pursuing a sale transaction that has
two elements:

   (i) a consensual foreclosure by the holders of senior secured
notes on their security interests in the common and preferred
stock in Reichhold Holdings Luxembourg, S.a.r.l. ("RHL"), the
ultimate holding company of all of the non-debtor affiliates that
operate outside the U.S., and

  (ii) a purchase of certain assets of the Debtors by Reichhold
Holdings International B.V. through a credit bid pursuant to
Section 363 of the Bankruptcy Code.

Cole, Schotz, Meisel, Forman & Leonard, P.A. (legal advisor) and
CDG Group LLC (financial advisor) are representing Reichhold, Inc.
Latham & Watkins LLP (legal advisor) and Moelis & Company
(investment banker) are serving Reichhold Industries, Inc.

Logan & Company is the company's claims and noticing agent.

The cases are assigned to Judge Mary F. Walrath.


REICHHOLD INC: Seeks to Employ CDG as Financial Advisor
-------------------------------------------------------
Reichhold Holdings US, Inc., et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ CDG Group,
LLC, to serve as financial advisor and investment banker.

CDG will provide these services:

   (a) gathering and analyzing data, interviewing appropriate
       management and evaluating the Debtors' existing financial
       forecasts and budgets to determine the extent of their
       financial challenges;

   (b) reviewing established cash forecasting and liquidity
       management and assisting with future liquidity management;

   (c) reviewing and assessing the Debtors' assets, customer
       relationships, and operations;

   (d) assisting the Debtors in the development of a business
       plan, which plan would be shared with creditors, investors
       and acquirors in discussions concerning a potential
       restructuring;

   (e) developing and evaluating strategic alternatives;

   (f) assisting the Debtors in developing and preparing
       evaluation/due diligence materials for potential
       lenders/investors/acquirors;

   (g) assisting in negotiations with potential
       lenders/investors/acquirors;

   (h) assisting the Company in the preparation, design, and
       presentation of a formal restructuring proposal to
       accompany the business plan;

   (i) leading negotiations with entities or groups affected by
       the proposal;

   (j) reviewing the Debtors' business strategies and plans in
       order to identify potential saving opportunities, and
       leading the implementation of those savings or
       improvements;

   (k) analyzing revenue and profitability by various factors
       including by product and end user and overall pricing
       strategy;

   (l) analyzing the Debtors' near-term capital obligations,
       including debt service requirements, capital expenditures
       and working capital requirements;

   (m) reviewing the current status of, and assisting with, the
       negotiation and implementation of the restructuring;

   (n) providing periodic status reports along with management to
       lenders, bondholders and other key parties with respect to
       the progress of the restructuring; and

   (o) participating in the Debtors' board meetings as
       appropriate, and providing periodic status reports and
       advice with respect to the presentation of any proposals.

In connection with the potential sale of the Debtors, CDG will
perform, among other things: (a) assisting the CEO and the Board
of Directors in evaluating the implications of any proposed sale;
(b) analyzing and recommending a transaction strategy to
effectuate any proposed sale; and (c) assisting in the preparation
of a confidential memorandum, management presentation and data
room to be provided to potential acquirers.

CDG will be paid a $175,000 monthly fee and fees upon the
consummation of either a restructuring or a sale.  If a
restructuring is consummated, CDG will be entitled to receive a
transaction fee equal to $750,000.  If a sale is consummated, CDG
will be entitled to 1.75% of the first $100 million of the
aggregate consideration and 2.25% of the aggregate consideration
in excess of $100 million paid in connection with the sale.  In
addition, CDG will be reimbursed of all of its reasonable out-of-
pocket expenses.

The firm assures the Court that it is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtors and their
estates.

A hearing on the employment application is scheduled for Oct. 27,
2014, at 2:00 p.m. (ET).  Objections are due Oct. 20.

                        About Reichhold

Founded in 1927, Reichhold, with its world headquarters and
technology center in Durham, North Carolina, USA, is one of the
world's largest manufacturer of unsaturated polyester resins and a
leading supplier of coating resins for the industrial,
transportation, building and construction, marine, consumer and
graphic arts markets.  Reichhold -- http://www.Reichhold.com/--
has manufacturing operations throughout North America, Latin
America, the Middle East, Europe and Asia.

As of June 30, 2014, the Reichhold companies had consolidated
assets of $538 million and liabilities of $631 million.  In 2013,
the companies generated $1.08 billion in net revenue, and as of
the year-to-date August 2014, $750 million in net revenues.

Reichhold Holdings US, Inc., Reichhold, Inc., and two U.S.
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-12237) on Sept. 30, 2014.

The Reichhold Companies are pursuing a sale transaction that has
two elements:

   (i) a consensual foreclosure by the holders of senior secured
notes on their security interests in the common and preferred
stock in Reichhold Holdings Luxembourg, S.a.r.l. ("RHL"), the
ultimate holding company of all of the non-debtor affiliates that
operate outside the U.S., and

  (ii) a purchase of certain assets of the Debtors by Reichhold
Holdings International B.V. through a credit bid pursuant to
Section 363 of the Bankruptcy Code.

Cole, Schotz, Meisel, Forman & Leonard, P.A. (legal advisor) and
CDG Group LLC (financial advisor) are representing Reichhold, Inc.
Latham & Watkins LLP (legal advisor) and Moelis & Company
(investment banker) are serving Reichhold Industries, Inc.

Logan & Company is the company's claims and noticing agent.

The cases are assigned to Judge Mary F. Walrath.


REVSTONE INDUSTRIES: GM Objects to Release of Segregated Proceeds
-----------------------------------------------------------------
General Motors LLC filed with the U.S. Bankruptcy Court for the
District of Delaware an objection to Revstone Industries, LLC's
motion for order authorizing release of segregated sale proceeds
resulting from the sale of the Debtor's equity interest in
Revstone Wallaceburg Canada, Inc.

In July 2013, GM, Chrysler Group LLC, and the Debtor and certain
of its subsidiaries executed the sale support agreement.  In
August 2013, the Court authorized Metavation and the Debtor to
execute the sale support agreement.

In connection with the financial incentives provided by GM to
Metavation pursuant to the sale support agreement, the Revstone
Group pledged to GM the sale support collateral, which included,
among other things, proceeds from the sale of each business, one
of which is non-debtor Aarkel.  The sale support agreement
required that Aarkel consummate the sale of its assets and
business by no later than Sept. 30, 2013.  Pursuant to the sale
support agreement, the proceeds of the sale of any sale support
collateral would be paid to GM at the closing of the sale, and
would reduce the amount of GM's retained participations
accordingly.

Through the sale motion, the Debtor sought approval of the sale of
the equity of RWCI, Aarkel's parent company, to Zynik Capital
Corporation.  GM filed its objection to ensure that this
Wallaceburg sale, and the distribution of the proceeds thereof,
didn't seek to set aside or otherwise impair the valid liens,
claims, security interests and obligations owing to GM by the
Debtor and its non-debtor subsidiaries and affiliates, some of
which liens, claims, security interests and obligations had been
previously approved and allowed by final court orders.  To resolve
the bjection, the Debtor and GM agreed that at the closing of the
sale, the Debtor will segregate from the proceeds of the sale of
the shares and place into a segregated, interest bearing account
the principal amount of $6.4 million.  Any liens, claims and
encumbrances that GM asserts arising from or in connection with
the sale will attach to the GM claim funds with the same priority,
validity, force and effect as now exist or may arise at the
closing of the sale.  The Wallaceburg sale closed in July 2014.

GM says in a court filing dated Sept. 24, 2014, that the Court
should not release the segregated proceeds under either of the
Debtor's inconsistent positions.  In its motion, says GM, the
Debtor asserts that it fully satisfied its obligations under the
sale support agreement with the closing of the Wallaceburg sale.
That assertion, according to GM, contradicts to the Debtor's prior
acknowledgement that the sale support agreement required the
Debtor and certain affiliates to sell their assets by certain
dates.

The Debtor seeks to disburse the escrowed segregated proceeds from
the sale of the RWCI Shares because, the Debtor alleges either:
(a) GM has no lien on the segregated proceeds; or (b) if GM does
have a lien on the segregated proceeds, there are more than
sufficient funds in escrow with the TPOP estate to fully satisfy
GM's secured claims.  GM says that these positions are both in
stark contrast with the Debtor's prior actions and statements in
the Chapter 11 cases, and are incorrect.

GM states that the sale support agreement, as approved by a final
court order, provides that GM is entitled to the proceeds from the
sale of the Aarkel business.  The Debtor's contention that it has
complied with the sale support agreement, yet the segregated
proceeds do not arise from the sale of the Aarkel business, defies
logic and common sense, says GM.

A copy of GM's objection is available for free at:

    http://bankrupt.com/misc/REVSTONEINDUSTRIES_1761_saleobj.pdf

GM is represented by:

      MORRIS JAMES LLP
      Jeffrey R. Waxman, Esq.
      500 Delaware Avenue, Suite 1500
      Wilmington, DE 19801-1494
      Tel: (302) 888-6800
      E-mail: jwaxman@morrisjames.com

                 - and -

      HONIGMAN MILLER SCHWARTZ AND COHN LLP
      Lawrence J. Murphy, Esq.
      Scott B. Kitei, Esq.
      2290 First National Building
      660 Woodward Avenue
      Detroit, MI 48226
      Tel: (313) 465-7560
      Fax: (313) 465-7561
      E-mail: lmurphy@honigman.com

              About Revstone Industries et al.

Lexington, Kentucky-based Revstone Industries LLC, a maker of
truck parts, filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
No. 12-13262) on Dec. 3, 2012.  Judge Brendan Linehan Shannon
oversees the case.  Laura Davis Jones, Esq., Timothy P. Cairns,
Esq., and Colin Robinson, Esq., at Pachulski Stang Ziehl & Jones
LLP represent Revstone.  In its petition, Revstone estimated under
$50 million in assets and debts.

Affiliate Spara LLC filed its Chapter 11 petition (Bankr. D. Del.
Case No. 12-13263) on Dec. 3, 2012.

Lexington-based Greenwood Forgings, LLC (Bankr. D. Del. Case No.
13-10027) and US Tool & Engineering LLC (Bankr. D. Del. Case No.
13-10028) filed separate Chapter 11 petitions on Jan. 7, 2013.
Judge Shannon also oversees the cases.

Duane David Werb, Esq., at Werb & Sullivan, serves as bankruptcy
counsel to Greenwood and US Tool.  Greenwood estimated $1 million
to $10 million in assets and $10 million to $50 million in debts.
US Tool & Engineering estimated under $1 million in assets and
$1 million to $10 million in debts.  The petitions were signed by
George S. Homeister, chairman.

Metavation, also known as Hillsdale Automotive, LLC, joined parent
Revstone in Chapter 11 (Bankr. D. Del. Case No. 13-11831) on
July 22, 2013, to sell the bulk of its assets to industry rival
Dayco for $25 million, absent higher and better offers.

Metavation has tapped Pachulski as its counsel.  Pachulski also
serves as counsel to Revstone and Spara.  Metavation also has
tapped McDonald Hopkins PLC as special counsel, and Rust
Consulting/Omni Bankruptcy as claims agent and to provide
administrative services.  Stuart Maue is fee examiner.

Mark L. Desgrosseilliers, Esq., Ericka Fredricks Johnson, Esq.,
Steven K. Kortanek, Esq., and Matthew P. Ward, Esq., at Womble
Carlyle Sandridge & Rice, LLP, represent the Official Committee of
Unsecured Creditors in Revstone's case.

Boston Finance Group, LLC, a committee member, also has hired as
counsel Gregg M. Galardi, Esq., and Sarah E. Castle, Esq., at DLA
Piper LLP.


RG STEEL: To Recoup $3 Million in Pact With Insurer
---------------------------------------------------
Law360 reported that RG Steel LLC asked a Delaware bankruptcy
judge to bless a deal that would see the defunct steelmaker recoup
more than $3 million currently held as collateral for insurance
policies issued by the National Union Fire Insurance Company of
Pittsburgh.  According to the report, citing a motion filed in
court, the proposed modification of RG Steel's agreement with
National Union would bring about a swift recovery of part of the
collateral, and benefit the debtors and their creditors.

                         About RG Steel

RG Steel LLC -- http://www.rg-steel.com/-- is the United States'
fourth-largest flat-rolled steel producer with annual steelmaking
capacity of 7.5 million tons.  It was formed in March 2011
following the purchase of three steel facilities located in
Sparrows Point, Maryland; Wheeling, West Virginia and Warren,
Ohio, from entities related to Severstal US Holdings LLC.  RG
Steel also owns finishing facilities in Yorkville and Martins
Ferry, Ohio.  It also owned Wheeling Corrugating Company and has a
50% ownership in Mountain State Carbon and Ohio Coatings Company.

RG Steel along with affiliates, including WP Steel Venture LLC,
sought bankruptcy protection (Bankr. D. Del. Lead Case No. 12-
11661) on May 31, 2012.  Bankruptcy was precipitated by liquidity
shortfall and a dispute with Mountain State Carbon, LLC, and a
Severstal affiliate, that restricted the shipment of coke used in
the steel production process.

The Debtors estimated assets and debts in excess of $1 billion.
As of the bankruptcy filing, the Debtors owe (i) $440 million,
including $16.9 million in outstanding letters of credit, to
senior lenders led by Wells Fargo Capital Finance, LLC, as
administrative agent, (ii) $218.7 million to junior lenders, led
by Cerberus Business Finance, LLC, as agent, (iii) $130.5 million
on account of a subordinated promissory note issued by majority
owner The Renco Group, Inc., and (iv) $100 million on a secured
promissory note issued by Severstal.

Judge Kevin J. Carey presides over the case.

The Debtors are represented in the case by Robert J. Dehney, Esq.,
and Erin R. Fay, Esq., at Morris, Nichols, Arsht & Tunnell LLP,
and Matthew A. Feldman, Esq., Shaunna D. Jones, Esq., Weston T.
Eguchi, Esq., at Willkie Farr & Gallagher LLP, represent the
Debtors.  Conway MacKenzie, Inc., serves as the Debtors' financial
advisor and The Seaport Group serves as lead investment banker.
Donald MacKenzie of Conway MacKenzie, Inc., as CRO.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

Wells Fargo Capital Finance LLC, as Administrative Agent, is
represented by Jonathan N. Helfat, Esq., and Daniel F. Fiorillo,
Esq., at Otterbourg, Steindler, Houston & Rosen, P.C.; and Laura
Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachuiski Stang
Ziehi & Jones LLP.

Renco Group is represented by lawyers at Cadwalader, Wickersham &
Taft LLP.

Kramer Levin Naftalis & Frankel LLP represents the Official
Committee of Unsecured Creditors.  Huron Consulting Services LLC
serves as the Committee's financial advisor.

The Debtor has sold off the principal plants.  The sale of
the Wheeling Corrugating division to Nucor Corp. brought in
$7 million.  That plant in Sparrows Point, Maryland, fetched the
highest price, $72.5 million.  CJ Betters Enterprises Inc. paid
$16 million for the Ohio plant.  RG Steel Sparrows Point LLC has
received the green light to sell some of its assets to Siemens
Industry, Inc., which include equipment and related spare parts,
for $400,000.


RICEBRAN TECHNOLOGIES: Raises $6.3-Mil. From Private Placement
--------------------------------------------------------------
RiceBran Technologies announced that it has entered into
definitive agreements with institutional investors for the private
placement of common stock and warrants to purchase common stock.
Upon the closing of this transaction, RBT will receive gross
proceeds of approximately $6.375 million from the issuance and
sale of approximately 1.182 million units at a price of $5.395 per
unit.  Each unit consists of one share of common stock and one
warrant to purchase an additional share of common stock at an
exercise price of $5.27 per share.  The warrants are non-
exercisable for six months after the closing of the financing and
have a term of 5.5 years.

The transaction, which is expected to close on or about Oct. 3,
2014, is subject to the satisfaction of certain customary closing
conditions contained in the securities purchase agreement.  In
connection with this transaction, RBT entered into a registration
rights agreement pursuant to which RBT will file a resale
registration statement for the common stock and common stock
underlying the warrants within 30 days.

RBT intends to use the net proceeds of the financing to establish
personal care and cosmetics manufacturing facilities in its
Irving, Texas plant, to strengthen its raw rice bran acquisition
supply chain in the USA segment, to support the ramp up of its
Brazil plant expansion and for general corporate purposes.

Maxim Group LLC acted as sole placement agent for the financing.

                           About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

RiceBran Technologies reported a net loss of $17.64 million on
$35.05 million of revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $11.13 million on $37.72 million of
revenues for the year ended Dec. 31, 2012.

As of June 30, 2014, the Company had $54.31 million in total
assets, $32.13 million in total liabilities, $5.60 million in
temporary equity and $16.57 million in total equity attributable
to the Company's shareholders.

BDO USA, 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 suffered recurring losses from operations
resulting in an accumulated deficit of $219 million at Dec. 31,
2013.  This factor among other things, raises substantial doubt
about its ability to continue as a going concern.


RITE AID: Files Form 10-Q for Second Quarter of Fiscal 2015
-----------------------------------------------------------
Rite Aid Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q for the period ended
Aug. 30, 2014.

The Company disclosed net income of $127.84 million on $6.52
billion of revenues for the 13-week period ended Aug. 30, 2014,
compared to net income of $32.82 million on $6.27 billion of
revenues for the 13-week period ended Aug. 31, 2013.

For the 26-week period ended Aug. 30, 2014, the Company reported
net income of $169.29 million on $12.98 billion of revenues
compared to net income of $122.48 million on $12.57 billion of
revenues for the 26-week period ended Aug. 31, 2013.

The Company's balance sheet at Aug. 30, 2014, showed $6.95 billion
in total assets, $8.86 billion in total liabilities and a $1.90
billion total stockholders' deficit.

The Company has two primary sources of liquidity: (i) cash
provided by operating activities and (ii) borrowings under its
revolving credit facility.  The Company's principal uses of cash
are to provide working capital for operations, to service the
Company's obligations to pay interest and principal on debt and to
fund capital expenditures.  Total liquidity as of Aug. 30, 2014,
was $1,368.8 million, which consisted of revolver borrowing
capacity of $1,318.2 million and invested cash of $50.6 million.

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

                         http://is.gd/W3osbt

                         About Rite Aid Corp.

Drugstore chain Rite Aid Corporation (NYSE: RAD) --
http://www.riteaid.com/-- is a drugstore chain based in Camp
Hill, Pennsylvania.

Rite Aid disclosed net income of $118.10 million on $25.39 billion
of revenue for the year ended March 2, 2013, as compared with a
net loss of $368.57 million on $26.12 billion of revenue for the
year ended March 2, 2012.

                           *     *     *

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

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

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


RIVER-BLUFF: Touts Plan, Wants Lift Stay Bid Denied
---------------------------------------------------
River-Bluff Enterprises, Inc., asks the Court to deny U.S. Bank
National Association's motion to terminate and annul the automatic
stay.  The Debtors say that they were able to propose a feasible
plan, and are have a reasonable prospect for a successful
reorganization with a reasonable time.

Entities calling themselves the Individual Guarantors -? comprised
of Roger Haney, Marleta Haney, Byron Haney, Rose Anna Haney,
Marcus Haney, Jeanette Haney, Erick Layman and Sue Layman -? have
joined the Debtors in opposing the Stay Relief Motion.  The
Individual Guarantors believe the Debtor is able to propose a
feasible plan for a successful reorganization.

The Bankruptcy Court is set to hold a hearing Oct. 7, 2014, the
hearing to consider U.S. Bank's motion for relief from stay.

On Sept. 8, 2014, U.S. Bank filed a motion asking the Court for an
order terminating and annulling the automatic stay and abandonment
to allow it to exercise any or all of its rights and remedies with
respect to the Debtor's:

   -- real property located at 100 E. Jackson Avenue and 705 & 707
      S. Pine Street, Ellensburg, Washington;

   -- related personal property;

   -- cash in the U.S. Bank account in the amount of $124,092; and

   -- all other property.

As of Sept. 8, 2014, the Debtor owes U.S. Bank principal and
interest of $5,347,431.  The prepetition attorney fees and costs
of $109,749 have not been paid, and U.S. Bank continues to incur
additional attorney's fees and costs postpetition.  The mortgaged
real property is worth no more than $4.2 million.

U.S. Bank, in its motion, stated that it is entitled to relief
from stay because the Debtor has no equity in the property and has
no reasonable prospect of confirming a viable plan that would
allow the Debtor to retain U.S. Bank's collateral.

The Individual Guarantors are represented by:

         James A. Perkins, Esq.
         LARSON BERG & PERKINS PLLC
         105 North 3rd Street
         Yakima, WA 98901
         Tel: (509) 457-1515
         Fax: (509) 457-1027

                  About River-Bluff Enterprises

Ellensburg, Washington-based River-Bluff Enterprises, Inc., filed
a Chapter 11 bankruptcy petition (Bankr. E.D. Wash. Case No. 14-
00843) on March 11, 2014.  In its schedules, the Debtor disclosed
$10,231,777 in total assets and $17,609,653 in total liabilities.

This is River-Bluff's second bankruptcy filing in less than two
years.  It previously sought bankruptcy protection (Bankr. E.D.
Cal. Case No. 12-92017) in Modesto, California, in July 2012.  The
case was dismissed in 2013.

Gary W. Dryer, Assistant U.S. Trustee for Region 18, informed the
U.S. Bankruptcy Court for the Eastern District of Washington that
due to the lack of entities eligible to serve on the unsecured
creditors' committee, the U.S. Trustee is not appointing an
unsecured creditors' committee in the Chapter 11 case of River-
Bluff Enterprises, Inc.


RIVER CITY RENAISSANCE: Oct. 15 Hearing on Asset Sale Procedures
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Virginia
will hold a hearing on Oct. 15 to consider approval of the bidding
process for potential suitors to buy the assets of River City
Renaissance, LC.

River City, which owns 29 residential apartment buildings in
Richmond, Virginia, proposed a bidding process "designed to
achieve the highest and best recovery" for the company and its
creditors, it said in a court filing.

Under the bidding process, potential buyers will be allowed to
access the properties between October 2 and 24.

Offers to purchase the properties, excluding the property known as
River City Court, must be submitted by Oct. 17.  Any offer to buy
the River City Court property must be filed by Oct. 24.

Because the properties "are operating as going-concerns with
hundreds of tenants occupying units across all the properties,"
the company wants the winning bidder to take over its leases with
the tenants, according to the filing.

The bankruptcy court will hold a preliminary hearing on Nov. 25 to
consider the sale of the properties to the winning bidder.  River
City expects to close the sale by Dec. 31.

The proposed bidding process is detailed in a court filing which
can be accessed for free at http://is.gd/4rGSEa

                  About River City Renaissance

Richmond, Virginia-based, River City Renaissance, LC, and River
City Renaissance III, LC, sought Chapter 11 protection (Bankr.
E.D. Va. Case Nos. 14-34080 and 14-34081) in Richmond, Virginia,
on July 30, 2014.  The cases are assigned to Judge Keith L.
Phillips.  Robert H. Chappell, III, Esq., at Spotts Fain PC,
represents the Debtors in their cases.  River City Renaissance
estimated $10 million to $50 million in assets and debts.
Renaissance III estimated less than $10 million in assets and
debts.  The Debtors have tapped Spotts Fain PC as counsel.


ROBAX LLC: Case Summary & 6 Unsecured Creditors
-----------------------------------------------
Debtor: Robax, LLC
        11406 Canyon Maple Boulevard
        Davie, FL 33330

Case No.: 14-32322

Chapter 11 Petition Date: October 6, 2014

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

Judge: Hon. Raymond B Ray

Debtor's Counsel: Thomas L Abrams, Esq.
                  GAMBERG & ABRAMS
                  1776 N Pine Island Rd #309
                  Plantation, FL 33322
                  Tel: (954) 523-0900
                  Email: tabrams@tabramslaw.com

Total Assets: $1.8 million

Total Liabilities: $1.9 million

The petition was signed by Samuel Cherian, manager.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb14-32322.pdf


ROBERT LEWIS: American Express' $67,000 Claim Disallowed
--------------------------------------------------------
Bankruptcy Judge Keith L. Phillips sustained the objection of
Debtors Robert M. Lewis, Jr. and Linda S. Lewis to the claim filed
by American Express Centurion Bank, and disallowed the bank's
claim.

American Express asserts an unsecured claim for $67,927.75, based
on amounts due on an American Express Rewards Plus Gold Card, a
revolving credit card account opened in 1987 in the name of Dr.
Robert Lewis.

A copy of the Sept. 26, 2014 Memorandum Opinion is available at
http://is.gd/wGvwTWfrom Leagle.com.

Robert M. Lewis, Jr. and Linda S. Lewis filed their Chapter 11
case on October 8, 2012 (Case No. 12-35815, Bankr. E.D. Va.).  The
case was designated a small business case.  The Debtors' chapter
11 plan was confirmed on May 10, 2013.  The confirmed plan
provides for the payment of general unsecured creditors at 100% of
their allowed claims, without interest.


ROSETTA GENOMICS: Annual General Meeting Set for Nov. 5
-------------------------------------------------------
Rosetta Genomics Ltd. notified the U.S. Securities and Exchange
Commission that an annual general meeting of shareholders will be
held at the offices of the Company at 10 Plaut St., Rehovot,
Israel on Nov. 5, 2014 at 10:00 am (ET).

The agenda of the meeting will be as follows:

   1. Approval of the re-election of Mr. Brian A. Markison to
      serve as a Class I director of the Company for a 3 year term
      commencing on the date of his election at the Annual Meeting
      and until the Annual General Meeting of the Company's
      shareholders to be held in 2017 in accordance with the
      Company's Articles of Association;

   2. Approval of the re-election of Dr. Yitzhak Peterburg to
      serve as a Class I director of the Company for a 3 year term
      commencing on the date of his election at the Annual Meeting
      and until the Annual General Meeting of the Company's
      shareholders to be held in 2017 in accordance with the
      Company's Articles of Association;

   3. Approval of the re-appointment of Kost, Forer, Gabbay &
      Kasierer, a member firm of Ernst & Young Global, as the
      Company's independent registered public accounting firm for
      the fiscal year ending Dec. 31, 2014, and until the next
      Annual Meeting, and to authorize the Audit committee and the
      Board of Directors of the Company to determine the
      remuneration of KFGK in accordance with the volume and
      nature of their services;

   4. Approval of the addition of 900,000 ordinary shares, nominal
      (par) value NIS 0.6 each, to the shares authorized for
      issuance under the Company's 2006 Employee Incentive Plan
      (Global Share Incentive Plan (2006)), so that the total
      number of Ordinary Shares authorized for issuance under the
      GSIP will equal 1,803,739;

   5. Approval effective as of Jan. 1, 2014, in accordance with
      Section 272(c1)(1) of the Israeli Companies, Law, 5759-1999
      of an extension, to the amendment dated June 3, 2012, of the
      employment agreement of Mr. Ken Berlin, the chief executive
      officer of the Company.  According to such amendment, the
      CEO is entitled to a base salary at the annual rate of
      $500,000 USD, payable bi-weekly or otherwise in accordance
      with the payroll policy of the Company, set to expire at the
      Company's 2015 Annual Shareholder Meeting;

   6. Approval, in accordance with Section 272(c1)(1) of the
      Companies, Law, for Mr. Ken Berlin, the chief executive
      officer of the Company, of a grant of options to purchase up
      to 100,000 Ordinary Shares of the Company at an exercise
      price per share equal to the closing price on the date of
      grant, which will be Nov. 30, 2014, vesting in equal
      installments quarterly over a period of four years beginning
      on Nov. 30, 2014, and those options will expire seven years
      after the date of grant, unless they expire earlier in
      accordance with the terms of the GSIP and 20,000 Restricted
      Stock Units vesting in equal installments annually over a
      period of four years beginning on Nov. 30, 2014.  The
      options and RSUs are granted and otherwise subject to the
      same terms and conditions as applicable to options and RSUs
      granted under the GSIP.

   7. Replacement of Section 38 of the Company's Articles of
      Association with the following: "The Board of Directors of
      the Company will consist of not less than two nor more than
      seven Directors; and

   8. To discuss the Consolidated Financial Statements of the
      Company for the fiscal year ended Dec. 31, 2013.

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

                        http://is.gd/3YFr6a

                            About Rosetta

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics incurred a net comprehensive loss after
discontinued operations of $12.89 million on $405,000 of revenues
for the year ended Dec. 31, 2013, as compared with a net
comprehensive loss after discontinued operations of $10.45 million
on $201,000 of revenues in 2012.

Rosetta Genomics Ltd. reported a net loss after discontinued
operations of $7.18 million on $554,000 of revenues for the six
months ended June 30, 2014, compared to a net loss after
discontinued operations of $6.29 million on $193,000 of revenues
for the same period a year ago.

The Company's balance sheet at June 30, 2014, showed $21.67
million in total assets, $1.79 million in total liabilities and
$19.87 million in total shareholders' equity.

                         Bankruptcy Warning

"We will require substantial additional funding and expect to
augment our cash balance through financing transactions, including
the issuance of debt or equity securities and further strategic
collaborations.  On December 7, 2012, we filed a shelf
registration statement on Form F-3 with the SEC for the issuance
of ordinary shares, various series of debt securities and/or
warrants to purchase any of such securities, either individually
or in units, with a total value of up to $75 million, from time to
time at prices and on terms to be determined at the time of such
offerings.  The filing was declared effective on December 19,
2012.  As of the time of the filing of this Annual Report on Form
20-F, we had sold through the Cantor Sales Agreement an aggregate
of 1,559,537 of our ordinary shares for gross proceeds of $5.9
million under this shelf registration statement, leaving an
aggregate of approximately $69.1 million of securities available
for sale.  If we need additional funding, there can be no
assurance that we will be able to obtain adequate levels of
additional funding on favorable terms, if at all.  If adequate
funds are needed and not available, we may be required to:

   * delay, reduce the scope of or eliminate certain research and
     development programs;

   * obtain funds through arrangements with collaborators or
     others on terms unfavorable to us or that may require us to
     relinquish rights to certain technologies or products that we
     might otherwise seek to develop or commercialize
     independently;

   * monetize certain of our assets;

   * pursue merger or acquisition strategies; or

   * seek protection under the bankruptcy laws of Israel and the
     United States," the Company stated in the 2013 Annual Report.


RUVEN ACEVEDO: Holdover Tenants Have Leases to Halt Foreclosure
---------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. District Judge John T. Tharp in Chicago
ruled that state law can trump Section 362(b)(10) of the
Bankruptcy Code in deciding whether a landlord is entitled to
evict a tenant who remained in occupancy after the lease expired.

According to the report, Judge Tharp focused on Illinois law
providing that a holdover tenant has a year-to-year lease if the
landlord accepts rent after the written lease expires.
Consequently, holdover rights created a lease within the ambit of
Section 365(m) of the Bankruptcy Code which says that "any rental
agreement to use real property" is equivalent to a lease, thus
making Section 362(b)(10) inapplicable, the Bloomberg report
related.

The case is Acevedo v. SC Real Estate LLC, 13-3009, U.S. District
Court, Northern District Illinois (Chicago).


SEARS HOLDINGS: Fairholme Provides $25 Million in Funding
---------------------------------------------------------
As previously reported by the TCR on Sept. 19, 2014, three
subsidiaries of Sears Holdings entered into a $400 million short
term loan with affiliates of ESL Investments that is secured by
mortgages on certain real property of Holdings and its
subsidiaries.  The first $200 million of the Loan was funded at
the closing on Sept. 15, 2014, and, subject to the satisfaction of
certain post-closing conditions, $200 million will be funded on
Sept. 30, 2014.  The Loan will have an annual base interest rate
of 5% and an upfront fee of 1.75% of the principal amount.  The
Loan is due Dec. 31, 2014, but as long as there is no event of
default, may be extended at Holdings' option until Feb. 28, 2015,
upon the payment of an extension fee equal to .5% of the principal
amount.

The Fairholme Partnership, LP, purchased a 6.25% participation
interest in the Loan from affiliates of the ESL Investments, et
al., pursuant to that certain Amended and Restated Participation
Agreement, dated Sept. 30, 2014, by and among PYOF 2014 Loans,
LLC, Fairholme and affiliates of the Reporting Persons.  Pursuant
to the Loan Agreement, the remaining $200 million of the Loan was
funded on Sept. 30, 2014, in accordance with the A&R Participation
Agreement.

ESL Partners, L.P., Edward S. Lampert and their affiliates
disclosed that as of Sept. 30, 2014, they beneficially owned
51,664,368 shares of common stock of Sears Holdings Corporation
representing 48.5 percent of the shares outstanding.

In a grant of Common Stock by Sears Holdings on Sept. 30, 2014,
pursuant to the Letter between Sears Holdings and Mr. Lampert, Mr.
Lampert acquired an additional 10,311 shares of Holdings Common
Stock.  Mr. Lampert received the Holdings Common Stock as
consideration for serving as chief executive officer and no cash
consideration was paid by Mr. Lampert in connection with the
receipt of those Holdings Common Stock.

In a grant of Common Stock by Sears Holdings on Sept. 30, 2014,
pursuant to the Make Whole Award, Mr. Lampert acquired an
additional 2,313 shares of Holdings Common Stock.  Mr. Lampert
received the Common Stock pursuant to the Make Whole Award and no
cash consideration was paid by Mr. Lampert in connection with the
receipt of those Common Stock.

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

                        http://is.gd/OWyY7v

                             About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.36 billion in 2013, a net
loss of $930 million in 2012 and a net loss of $3.14 billion in
2011.  As of Aug. 2, 2014, Sears Holdings had $16.43 billion in
total assets, $15.51 billion in total liabilities and $919 million
in total equity.

                            *     *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to Caa1 from B3.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year.  The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period. For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year. Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014. "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

Fitch Ratings had downgraded its long-term Issuer Default Ratings
(IDR) on Sears Holdings Corporation (Holdings) and its various
subsidiary entities (collectively, Sears) to 'CC' from 'CCC',
according to a TCR report dated Sept. 12, 2014.


SEARS HOLDINGS: To Sell 40MM Sears Canada Shares to Stockholders
----------------------------------------------------------------
Sears Holdings Corporation's board of directors has approved a
rights offering of up to 40,000,000 common shares of Sears Canada
Inc.

ESL Partners, L.P. and Edward S. Lampert, chairman and chief
executive officer of Holdings and chairman and chief executive
officer of ESL Investments, Inc., have advised Holdings that they
intend to exercise their pro rata portion of the subscription
rights in full as soon as practicable after those subscription
rights have been distributed, though they have not entered into
any agreement to do so.  Fairholme Capital Management, L.L.C.,
also has advised Holdings that it expects that certain of its
clients will participate in the rights offering at levels to be
determined, subject to review of the terms and conditions of the
rights offering and regulatory considerations.

The subscription rights will be distributed to all stockholders of
Holdings, and every stockholder will have the right to participate
on the same terms in accordance with its pro rata ownership of the
Company's common stock.  The Company is advised on the transaction
by Wachtell, Lipton, Rosen & Katz and Osler, Hoskin & Harcourt.

In connection with the rights offering, Holdings anticipates that
each holder of Holdings' common stock will receive one
subscription right for each share of common stock held at the
close of business on Oct. 20, 2014, the record date for the rights
offering.  Each subscription right will entitle the holder thereof
to purchase their pro rata portion of the Sears Canada common
shares being sold by Holdings in the rights offering at a cash
subscription price of C$10.60 per whole Sears Canada share, which
was the closing price of Sears Canada's common shares on Sept. 26,
2014, the last trading day before the Company requested Sears
Canada's cooperation with the filing of a prospectus regarding the
rights offering.  The subscription rights will be transferable,
subject to applicable securities laws, and will be more fully
described in a registration statement to be filed with the
Securities and Exchange Commission and a prospectus to be filed
with Canadian securities regulators.  In connection with the
rights offering, Sears Canada intends to apply to list its common
shares on Nasdaq, and the subscription rights are expected to be
listed and traded on the Nasdaq Stock Market.  Holders of
subscription rights who fully exercise all of their subscription
rights may also make a request to purchase additional shares of
Sears Canada through the exercise of an over-subscription
privilege, although the Company cannot assure that any over-
subscriptions will be filled.

As soon as practicable after the record date, Holdings expects to
distribute subscription rights to the holders of its common stock
as of the record date, subject to a registration statement
becoming effective.  The rights are expected to expire at least 10
business days after the opening of the offering.  However, there
can be no assurance that the rights offering will launch or be
closed on the schedule, or that the rights offering will be fully
subscribed.

A registration statement related to the shares of Sears Canada has
not yet been filed with the Securities and Exchange Commission,
and a prospectus has not yet been filed with Canadian securities
regulatory authorities.  The securities may not be sold nor may an
offer to buy securities be accepted prior to the registration
statement becoming effective.

                            About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.36 billion in 2013, a net
loss of $930 million in 2012 and a net loss of $3.14 billion in
2011.  As of Aug. 2, 2014, Sears Holdings had $16.43 billion in
total assets, $15.51 billion in total liabilities and $919 million
in total equity.

                            *     *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to Caa1 from B3.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year.  The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period. For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year. Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014. "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

Fitch Ratings had downgraded its long-term Issuer Default Ratings
(IDR) on Sears Holdings Corporation (Holdings) and its various
subsidiary entities (collectively, Sears) to 'CC' from 'CCC',
according to a TCR report dated Sept. 12, 2014.


SENIAH CORP: Court Reinstates Suit vs. Buckingham Doolittle
-----------------------------------------------------------
Seniah Corporation filed a complaint on February 19, 2013, in the
Stark County Court of Common Pleas naming Buckingham, Doolittle &
Burroughs, LLP, Patrick J. Keating, and Joshua Berger as
Defendants.  Defendants-Appellees Patrick J. Keating and Joshua
Berger were attorneys with the law firm of Buckingham, Doolittle,
& Burroughs, LLP. The complaint alleged Keating and Berger
committed legal malpractice relating to their representation of
Seniah Corporation during a foreclosure action and a Chapter 11
Bankruptcy proceeding. Keating and Berger filed a Motion to
Dismiss on April 26, 2013.  On June 4, 2013, the trial court
issued its judgment entry granting the motion to dismiss.

Seniah Corporation filed a motion for relief from judgment. Berger
was dismissed as a party-defendant. On December 19, 2013, the
trial court denied Seniah Corporation's motion for relief from
judgment. The trial court also granted the motion for judgment on
the pleadings filed by Buckingham, Doolittle & Burroughs, LLP via
judgment entry on January 13, 2014.

On January 28, 2014, Seniah Corporation appealed the June 4, 2013
judgment entry of the Stark County Court of Common Pleas saying
the trial court erred in granting the Civ.R. 12(B)(6) motion to
dismiss.

The Court of Appeals of Ohio, Fifth District, Stark County, agreed
and reversed the judgment of the Stark County Court of Common
Pleas in an opinion dated September 29, 2014, a copy of which is
available at http://is.gd/xHeVhCfrom Leagle.com.

The Ohio Appeals Court remanded the case for further proceedings
consistent with its opinion and law.

The case is SENIAH CORPORATION, Plaintiff-Appellant, v.
BUCKINGHAM, DOOLITTLE & BURROUGHS, LLP, ET AL. Defendants-
Appellees, NO. 2014CA00013. 2014-Ohio-4370.

Counsel for the Defendant-Appellee:

     Lee E. Plakas, Esq.
     Maria C. Klutinoty Edwards, Esq.
     TZANGAS, PLAKAS, MANNOS, LTD.
     220 Market Ave. South, 8th Floor
     Canton, OH 44702
     E-mail: lplakas@lawlion.com
             mklutinotyedwards@lawlion.com

                      About Seniah Corp.

Seniah Corp., based in North Canton, Ohio filed a Chapter 11
petition (Bankr. N.D. Ohio Case No. 10-60620) in Old San Juan, on
February 24, 2010.  Judge Russ Kendig handled the case. Patrick J.
Keating, Esq., at Buckingham, Doolittle & Burroughs LLP, served as
counsel.

The Debtor estimated assets and debts of $1 million to $10 million
as of the Chapter 11 filing.


SENSUS USA: Moody's Affirms B3 CFR & Revises Outlook to Positive
----------------------------------------------------------------
Moody's Investors Service changed the rating outlook for Sensus
USA, Inc. to positive from negative and affirmed the B3 Corporate
Family Rating and B3-PD Probability of Default Rating. The
positive outlook reflects Moody's expectation for the company's
revenue to continue growing and profitability to improve following
a period of declining revenue and profitability. Moody's also
affirmed the B2 ratings on the company's revolving credit
agreement and first lien term loan as well as the Caa2 rating on
the second lien term loan.

Ratings Rationale

The B3 CFR reflects Sensus' low profitability (14% EBITDA margins
forecast for year ending March 2015), the historic revenue
volatility (+8%, -1%, +7%, -8% revenue change in 2010-2013), and
uncertainty of the company's balance between meter manufacturing
and network design/installation. The positive outlook reflects
Moody's expectation for improvement in profitability and free cash
flow through fiscal year end March 2016 leading to adjusted
leverage declining to around 5.5x while EBITA interest coverage
exceeds 2.0x. The North American operations have restructured
while restructuring of the European operations will continue to
require some cash expenditures through 2016. Some intermediate
revenue uncertainty lingers regarding smart water meter and
communication infrastructure demand; Moody's expect low single
digit revenue growth in 2016 following 2015 which benefits from
the implementation of the large UK contract.

Liquidity is good based on the nearly full availability on the
company's $100 million revolving credit facility, cash on hand,
and expectation for positive free cash flow. Covenant compliance
is expected to remain good.

The positive outlook reflects an expectation for the company's
financial profile to improve through year end 2016 including
revenue growth margin expansion following several years of cost
cutting and a stabilization of the meter market.

Ratings would likely be upgraded to B2 if the company is able to
demonstrate steady positive free cash flow and leverage is
sustained around 5.0x. In addition, revenue volatility needs to
dampen from its recent pace for an upgrade. Ratings would likely
be downgraded with sustained negative free cash flow and leverage
exceeding 7.0x.

Ratings

Affirmations:

Issuer: Sensus USA Inc.

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Senior Secured Bank Credit Facility May 9, 2017, Affirmed B2
(LGD3)

Senior Secured Bank Credit Facility May 9, 2016, Affirmed B2
(LGD3)

Senior Secured Bank Credit Facility May 9, 2018, Affirmed Caa2
(LGD5)

Issuer: Sensus Metering Systems (Luxco 2) S.a.r.l.

Senior Secured Bank Credit Facility, Affirmed B2 (LGD3)

Outlook Actions:

Issuer: Sensus USA Inc.

Outlook, Changed To Positive From Negative

Issuer: Sensus Metering Systems (Luxco 2) S.a.r.l.

Outlook, Changed To Positive From Negative

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

Sensus USA Inc. is a leading provider of advanced communication
systems and solutions to electric, gas and water utilities
globally and holds a large share within water meters. Revenue for
fiscal year ending March 2015 is forecast for about $940 million
with the majority generated in North America and the remainder in
Europe, Asia, Africa, and South America. Moody's estimate water
meter and smart-grid offerings comprise 80% of total revenues
while electric and gas meters, die casting and clamps and
couplings contribute the balance. Sensus' financial sponsors, The
Resolute Fund L.P. and The Goldman Sachs Group, Inc. own 66% and
34% of the company, respectively.


SEVEN S: Involuntary Ch. 11 Filed; Son Wants Father Ousted
----------------------------------------------------------
Bankruptcy cases have been initiated against Seven S Capital,
Ltd., and Seven S Capital Management, Inc., as a result of a
dispute between the companies' CEO David Saperstein and his son,
who's the CFO.

Although Tree Town USA Ltd., the largest producer of container-
grown trees in the country, is not the subject of the involuntary
cases, at issue are millions of funds that were allegedly
transferred from Seven S to Tree Town and allegedly used by David
Saperstein to pay for his lavish lifestyle.

Jonathan Saperstein, as trustee of the Alexis Daniella Saperstein
1994 Trust, Jonathan Alexander Saperstein 1994 Trust, and
Stephanie Nicole Saperstein 1994 Trust, initiated involuntary
Chapter 11 bankruptcy petitions for the Seven S entities on Oct.
3, 2014 in Houston, Texas (Bankr. S.D. Tex. Case Nos. 14-35384 and
14-35387).

The Petitioning Creditors claim to be owed approximately $21.2
million by Seven S and Seven S Management.  The Petitioning
Creditors each own 10% of Seven S, along with the trusts of four
other siblings who own 10% each, totaling 70%.  The remaining 30%
interest is owned by the children's father, David Saperstein
(29%), and by Seven S's general partner, Seven S Management (1%),
which is wholly owned by David Saperstein.

Jonathan Saperstein immediately filed a motion for the bankruptcy
court to order appointment of (1) an interim trustee to administer
the affairs of the Alleged Debtors and (2) a receiver to
administer the affairs of the Alleged Debtors' wholly owned
subsidiaries, Tree Town USA, Ltd. and Tree Town USA Management,
LLC, because of corporate waste and pilferage, insider abuse,
breaches of fiduciary duty, and conflicts of interest of current
management.

                            Tree Town

In 2004, David Saperstein, the father of Alexis, Jonathan, and
Stephanie Saperstein, caused the trusts to initially loan $6.7
million each to Seven S.  Even though the loans were to Seven S,
the funds were immediately transferred to Tree Town.  Seven S, a
shell entity and parent of Tree Town, had no ability to repay the
debts unless funds were up-streamed from Tree Town. David controls
Tree Town and is able to ensure that no funds would ever be up-
streamed to Seven S to pay the debts.

The principal asset of Seven S is its interest in Tree Town, the
largest producer of container-grown trees in the country.

According to Jonathan, his father -- Tree Town CEO David
Saperstein -- is actively pilfering Tree Town's cash, to the tune
of over $2 million per year to fund his lavish lifestyle, and
admittedly for the purpose of tax avoidance.  His extravagance
threatens the future of Tree Town, its 310 employees, and its
creditors.

Jonathan's counsel, Paul D. Moak, Esq., at McKool Smith P.C.,
tells the Court that David Saperstein currently diverts Tree Town
cash flow to fund much of his own lifestyle. Over the past several
years, David has pulled millions of dollars out of Tree Town to
fund these expenses. Among other things:

    * David's personal chef and two nannies for his minor children
in California are on the company's payroll.  In the month of
September 2014 alone Tree Town paid approximately $4,000 monthly
salary for Mr. Saperstein's personal chef, and approximately
$3,000 monthly salaries for the two nannies.

    * David's wife drives two company Range Rovers, worth over
$100,000 each, and a company Ford Expedition for personal use.

    * David charges on average over $40,000 per month on company
credit cards for personal and family use.  These include, among
other things:

         a. limousine service in Houston and a company account for
a limousine company in New York for trips there, both for David
and his family and others at David's discretion (some months the
bills exceed $2,000);

         b. flights to Houston, New York, and Florida for David,
his wife, two infant children, and their staff;

         c. suites at The Four Seasons in Austin;

         d. corporate housing for his personal staff;

         e. mobile phone service for close and extended family
members who also have absolutely no relationship to Seven S or
Tree Town; and

         f. hotel accommodations around the country.

                         Liquidity Problems

Mr. Moak relates that David's use of corporate funds has
substantially reduced Tree Town's cash flow and earnings for some
time, preventing Tree Town from investing in its business.  As a
result, Tree Town now faces significant liquidity problems.

David has stated on numerous occasions that one of the benefits of
tree Town was for "tax avoidance."  Other officers at Tree Town
are also aware that David's personal expenses paid by Tree Town
are part of his tax avoidance strategy.  David has a history of
tax avoidance schemes. He invested in a tax shelter scheme devised
by KPMG for which he was required to pay a sizable penalty to the
IRS.

In addition to personal expenses paid by the company, David uses
company staff for personal purposes, as well as to benefit his
other companies. For example, David uses Tree Town's accountants,
IT group, and internal HR employees on a regular basis for non-
Tree Town activities.

Jonathan Saperstein, David's son and Chief Operating Officer of
Tree Town, presented cash flow projections/scenarios to his father
showing that the company cannot survive with its current cash
burn, along with proposals to turn around the company. David has
ignored these projections and fails to heed the warnings.

On October 2, 2014, Jonathan met with David to discuss Tree Town's
impending liquidity crisis and to present an offer to purchase the
company as part of an overall consensual solution to maximize
value to all stakeholders.  David again denied that there was any
liquidity problem, would not listen to the details of the offer,
and insisted that he would sell the company only for $85 million,
"take it or leave it."  When asked for the basis for that price,
David said that was the price he wanted.

According to Mr. Moak, David also stated that if Jonathan did not
want to pay $85 million and there really was a liquidity problem,
he could decide to put in additional money or not or let Tree Town
run its course.  "I will shut it down.  I do not care if I get
zero. I am fine to move on then.  I have plenty of other money."

                         Prior Litigation

In June of 2007, Suzanne Saperstein, then trustee of the Trusts,
made demand on behalf of the ADS Trust and SNS Trust for payment
of those Trusts' Notes.

On July 1, 2007, shortly after Suzanne made demand on David, David
directed Tree Town and Tree Town Holdings, Ltd. to execute a
promissory note in favor of David Saperstein in the amount of $15
million.  The maturity date was January 1, 2009. David did not
loan any money to Tree Town or Tree Town Holdings or give
consideration in exchange for the $15M Note.  Instead, the note
recites that David had previously loaned $11,580,291.13 to Tree
Town and Tree Town Holdings.  Almost a year and a half later, on
January 1, 2009, David directed Tree Town to execute a Deed of
Trust and Security Agreement relating to the $15M Note. David did
not file a UCC-1 financing statement against Tree Town relating to
the $15M Note until January of 2013.

On July 2, 2007, David directed Seven S to execute a $40 million
note and Security Agreement in favor of himself, maturing on
January 1, 2009.  Again, David did not loan or advance any new
money. Instead, the $40M Note recites that David had previously
advanced $30 million prior to execution of the $40M Note. The
collateral for this new note included Seven S's interests in Tree
Town and Tree Town's assets.  Tree Town was not a borrower or
party to this Security Agreement but David still required Tree
Town to pledge its assets as collateral.  David filed a UCC-1
financing statement with the Texas Secretary of State against
Seven S on October 31, 2007. David failed to timely file a
continuation statement as required by the Texas Business and
Commerce Code.  Accordingly, his lien, to the extent it was every
valid or perfect, is now unperfected.

On August 30, 2007, Suzanne Saperstein on behalf of the ADS and
SNS Trusts filed suit against Seven S and Seven S Management in
New York, seeking to collect on their Notes.

In response to the suit, in January of 2008, David sent a "Notice
of Disposition of Collateral" seeking to foreclose on Tree Town
and its assets.  Suzanne filed suit in Harris County and obtained
a temporary restraining order preventing the foreclosure sale from
going forward.

Thereafter, the parties agreed that David would forebear from
foreclosing until August 11, 2008, in exchange for Suzanne
resigning as trustee of the SNS Trust and dismissal of the suits.
The forbearance agreement was not executed until August 8, 2008 --
only three days before the forbearance terminated on August 11,
2008.

Today, the Notes remain unpaid.  According to Jonathan, David
continues to control Seven S and Tree Town, and to use Tree Town
to fund his lavish lifestyle, while robbing Tree Town such that
the Notes are unlikely to ever be repaid.


SEVEN S: Petitioning Creditors Want Joint Administration
--------------------------------------------------------
The Alexis Denise Saperstein 1994 Trust, the Jonathan Alexander
Saperstein 1994 Trust, and the Stephanie Nicole Saperstein 1994
Trust (the "Petitioning Creditors") ask the bankruptcy court to
order the joint administration of the alleged debtors, Seven S
Capital, Ltd. and its corporate general partner Seven S Capital
Management, Inc.

The Petitioners' counsel, Paul D. Moak, Esq., at McKool Smith
P.C., tells the Court that Seven S Management is liable for Seven
S's debts by virtue of being Seven S's general partner. Because
the Alleged Debtors are affiliates and jointly liable, it makes
sense that the cases be jointly administered.

                       About Seven S

Jonathan Saperstein, as trustee of the Alexis Daniella Saperstein
1994 Trust, Jonathan Alexander Saperstein 1994 Trust, and
Stephanie Nicole Saperstein 1994 Trust, initiated involuntary
Chapter 11 bankruptcy petitions for the Seven S entities on Oct.
3, 2014 in Houston, Texas (Bankr. S.D. Tex. Case Nos. 14-35384 and
14-35387).

The Petitioning Creditors claim to be owed approximately $21.2
million by Seven S and Seven S Management.

The principal asset of Seven S is its interest in Tree Town, the
largest producer of container-grown trees in the country.  Tree
Town has seven locations in Texas and Florida comprising 4,472
acres. It produces over 200 varieties of shade, ornamental, fruit,
and palm trees ranging from 1 gallon to 670 gallon containers.

Jonathan Saperstein, the trustee of the Trusts, immediately filed
a motion for the bankruptcy court to order appointment of (1) an
interim trustee to administer the affairs of the Alleged Debtors
and (2) a receiver to administer the affairs of the Alleged
Debtors' wholly owned subsidiaries, Tree Town USA, Ltd. and Tree
Town USA Management, LLC, because of corporate waste and
pilferage, insider abuse, breaches of fiduciary duty, and
conflicts of interest of current management.  He says that his
father, Tree Town CEO David Saperstein has pulled millions of
dollars out of Tree Town to fund his own lifestyle.


SINOCOKING COAL: Turns In $990K Profit for FY Ended June 30
-----------------------------------------------------------
Sinocoking Coal and Coke Chemical Industries, Inc., filed with the
U.S. Securities and Exchange Commission on Sept. 29, 2014, its
annual report on Form 10-K for the fiscal year ended June 30,
2014.

HHC expressed substantial doubt about the Company's ability to
continue as a going concern, citing that the Company has cash
outflow from its operating activities and insufficient cash
balance to cover its short-term loans.

For the year ended June 30, 2014, cash used in operating
activities was $648,578.  Cash as of June 30, 2014 was $191,992,
which was insufficient for future operations.  Additionally, the
Company was not only slow in collecting its loans receivable (and
granted extension as to their repayments as well as the related
interest receivable), but also, as of June 30, 2014, had not made
a quarterly interest payment of approximately $2.02 million
originally due on July 2, 2014 to Bairui Trust Co., Ltd. in
connection with the Company's long term loan.  The monthly
interest expense for the Bairui Trust loan is $496,532, and the
amount as of the date of this report is approximately $3.51
million.

The Company reported net income of $990,582 on $50.27 million of
revenue for the fiscal year ended June 30, 2014, following net
income of $1.05 million on $66.69 million of revenue last year.

The Company's balance sheet at June 30, 2014, showed $195.9
million in total assets, $61.56 million in total liabilities and
stockholders' equity of $134.34 million.

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

                       http://is.gd/uB3YMB

Sinocoking Coal and Coke Chemical Industries, Inc. produces raw
coal, coke, and related products in Henan Province, China.  The
Company conducts its business through its subsidiary, Henan
Province Pingdingshan Hongli Coal & Coke Co., Ltd.


TELKONET INC: Obtains $2 Million Loan From Heritage Bank
--------------------------------------------------------
Effective as of Sept. 30, 2014, Telkonet, Inc., and its wholly
owned subsidiary, EthoStream LLC, as co-borrowers, entered into a
Loan and Security Agreement with Heritage Bank of Commerce, a
California state chartered bank, governing a new revolving credit
facility in a principal amount not to exceed $2,000,000, according
to a regulatory filing with the U.S. Securities and Exchange
Commission.

Availability of borrowings under the Credit Facility from time to
time is subject to a borrowing base calculation based on the
Company's eligible accounts receivable and eligible inventory each
multiplied by an applicable advance rate, with an overall
limitation tied to the Company's eligible accounts receivable.
The Agreement is available for working capital and other lawful
general corporate purposes.  The outstanding principal balance of
the Credit Facility bears interest at the Prime Rate plus 3.00%.
The Credit Facility matures on Sept. 30, 2016, unless earlier
accelerated under the terms of the Loan Agreement.

The Loan Agreement contains customary covenants that place
restrictions on, among other things, the incurrence of debt,
granting of liens and sale of assets.  The Credit Agreement also
contains financial covenants that require the Borrowers to
maintain a minimum EBITDA level, measured quarterly, and a minimum
asset coverage ratio, measured monthly.  A violation of any of
these covenants could result in an event of default under the Loan
Agreement.  Upon the occurrence of such an event of default or
certain other customary events of defaults, payment of any
outstanding amounts under the Revolving Credit Facility may be
accelerated and the Bank's commitment to extend credit under the
Loan Agreement may be terminated.  The Agreement contains other
representations and warranties, covenants, and other provisions
customary to transactions of this nature.

The Borrowers' obligations under the Loan Agreement are secured by
all assets of the Company and Ethostream LLC, pursuant to a grant
of a security interest contained in the Loan Agreement, and a
grant of a security interest in all of the Borrowers' intellectual
property pursuant an Intellectual Property Security Agreement
dated as of Sept. 30, 2014, by and among the Bank, Telkonet, Inc.,
and EthoStream LLC.

In addition, pursuant to the Loan Agreement, the Company agreed to
issue the Bank a warrant to purchase shares of Telkonet's common
stock, $0.001 par value per share, at a price per share equal to
125% of the average daily dollar volume-weighted average price for
the 30 trading days prior to the closing date of the Loan and
Security Agreement.  The number of shares will be that number of
shares derived by dividing $50,000 by the Exercise Price, rounded
up or down to the nearest whole number.  The Warrant will expire
on Sept. 30, 2021.

A copy of the Loan and Security Agreement is available at:

                        http://is.gd/FZPDY2

                          About Telkonet

Milwaukee, Wisconsin-based Telkonet, Inc., is a clean technology
company that develops and manufactures proprietary energy
efficiency and smart grid networking technology.

Telkonet reported a net loss attributable to common stockholders
of $4.90 million on $13.88 million of total net revenues for the
year ended Dec. 31, 2013, as compared with a net loss attributable
to common stockholders of $507,558 on $12.75 million of total net
revenues in 2012.

BDO USA, LLP, in Milwaukee, Wisconsin, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has a history of losses from operations, a working
capital deficiency, and an accumulated deficit of $121,948,847
that raise substantial doubt about its ability to continue as a
going concern.

The Company's balance sheet at June 30, 2014, showed
$10.75 million in total assets, $5.60 million in total
liabilities, $1.23 million in redeemable common stock, and $3.91
million of stockholders' equity.


TERESA GIUDICE: Lands Jail Time for Fraud Charges
-------------------------------------------------
Law360 reported that Giuseppe and Teresa Giudice, stars of "The
Real Housewives of New Jersey," will serve 41 months and 15 months
in prison, respectively, after pleading guilty to bankruptcy
fraud, tax evasion and other charges, federal prosecutors said.
According to the report, the couple, who admitted to concealing
their assets in Chapter 7 bankruptcy filings and fraudulently
securing mortgage loans through falsified applications, must also
forfeit $414,588 and serve two years' probation.  Giuseppe, 43,
was fined $10,000, and Teresa, 42, was fined $8,000 by U.S.
District Judge Esther Salas, the report related.

The case is U.S. v. Giudice et al., case number 13-cr-00495, in
the U.S. District Court for the District of New Jersey.

                       About the Giudices

In June 2010, Teresa Giudice, who portrays a role in Real
Housewives of New Jersey, and her husband, Joe, filed for
bankruptcy under Chapter 11 in the U.S. Bankruptcy Court in New
Jersey.  The Giudices owe creditors $10.85 million.

Chapter 7 trustee John Sywilok sued the Giudices.  The suit
claimed that the Debtors concealed key documents about their
finances and business transactions.  Mr. Sywilok also accused the
couple of making false statements under oath about their assets,
income and expenses.


TONY'S LONG WHARF: Files for Chapter 11 in Connecticut
------------------------------------------------------
Tony's Long Wharf Transport, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. D. Conn. Case No. 14-31839) in New Haven,
Connecticut on Oct. 1, 2014, without stating a reason.

The Debtor estimated $100 million to $500 million in assets and
less than $1 million in debt.

The case is assigned to Chief Judge Julie A. Manning.

The Debtor has tapped Peter L. Ressler, Esq., at Groob Ressler &
Mulqueen, in New Haven, as counsel.

According to the docket, the schedules of assets and liabilities
and the statement of financial affairs are due Oct. 15, 2014.


TRANS ENERGY: Pleads Guilty to Clean Water Act Violations
---------------------------------------------------------
Trans Energy, Inc., pleaded guilty to three misdemeanor charges
related to Unauthorized Discharge into a Water of the United
States in violation of the Clean Water Act, according to a
regulatory filing with the U.S. Securities and Exchange
Commission.  In connection with this plea, the Company agreed to
pay a $600,000 fine and was placed on probation for a period of
two years.

As a result of this plea and the previously disclosed settlement
agreement, all civil and criminal matters arising out of the EPA's
investigation and complaints arising out of the ponds in Marshall
and Wetzel Counties West Virginia have been resolved.

                         About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its
operations are presently focused in the State of West Virginia.

Trans Energy reported a net loss of $17.7 million in 2013
following a net loss of $21.2 million in 2012.

The Company's balance sheet at June 30, 2014, showed $93.78
million in total assets, $113.79 million in total liabilities, and
a $20 million total stockholders' deficit.


TXS UNITED HOUSING: Case Summary & 13 Top Unsecured Creditors
-------------------------------------------------------------
Debtor: TXS United Housing Program, Inc.
        1216 I-30 W
        Greenville, TX 75402

Case No.: 14-34854

Chapter 11 Petition Date: October 6, 2014

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Debtor's Counsel: Eric A. Liepins, Esq.
                  ERIC A. LIEPINS, P.C.
                  12770 Coit Rd., Suite 1100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  Email: eric@ealpc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Debra Kroupa, executive director.

A list of the Debtor's 13 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txnb14-34854.pdf


UNIVERSAL COMPUTER: S&P Raises Corp. Credit Rating to 'BB+'
-----------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Houston, Texas-based Universal Computer Systems Holding
Inc. (d/b/a Reynolds) to 'BB+' from 'B+'. The outlook is stable.

"At the same time, we raised our ratings on the company's first-
lien term loans to 'BBB' from 'BB'. The recovery rating remains
'1', indicating our expectation for a very high (90%-100%)
recovery of principal in the event of payment default," said S&P.

The upgrade reflects Reynolds' strengthening credit protection
measures, resulting from substantial debt repayment and EBITDA
growth. The company's leverage declined to around 1.2x as of June
30, 2014, and S&P expects leverage will subside further over the
next year because of mandatory debt amortization. As a result, S&P
assesses the company's financial risk profile as "minimal." S&P
believes the company will maintain a more moderate financial
policy, and no longer foresee a significant leveraging event over
the near term.

"Our ratings incorporate a relatively narrow and cyclical end
market for Reynolds offsetting consistent profitability and a
solid market position in the North American automobile dealer
management solutions market. This supports our "fair" business
risk assessment. The company provides integrated software and
services to the automobile dealer management industry in North
America. The company's products enable automobile dealers to
manage a comprehensive array of functions, including customer
relationships, finance and accounting, inventory levels, and
enterprise resource planning," said S&P.

The stable outlook reflects Reynolds' highly recurring revenue
base, consistent profitability, and S&P's expectation for the
company to continue generating positive FOCF despite the cyclical
nature of the auto industry.


UNIVERSAL COOPERATIVES: Nov. 10 Auction of Minn. Property Set
-------------------------------------------------------------
The Bankruptcy Court approved bidding procedures that would govern
the sale of Universal Cooperatives, Inc., et al.'s real property
located at 1300 Corporate Center Curve, Eagan, Minnesota.

The auction for the property will be held on Nov. 13, 2014, at
10:00 a.m.  Qualified bids are due Nov. 10, at 4:00 p.m.  The
Debtors will provide a copy of each marked modified asset purchase
agreement submitted by a qualified bidder to all qualifying
bidders on Nov. 12.

A hearing to consider approval of sale to the highest bidder will
be held on Nov. 18.  Objections, if any, are due Nov. 10, at 4:00
p.m.

The Court approved the payment of a $20,000 break-up fee to the
stalking horse bidder, if any.  The Debtors requested for
authorization, in consultation with the Committee, to accept an
offer from any stalking horse purchaser to purchase the real
property and execute a stalking horse APA.  In the event the
Debtors enter into a stalking horse APA, the Debtors will file
with the Court, and serve on the sale notice parties.

On Aug. 25, the Debtors sold substantially all of their assets to
Bridon Cordage LLC and Heritage Trading Company, LLC and certain
assets of Universal to BCHU Acquisition LLC, an affiliate of Great
Lakes Copper, Inc.   BCHU excluded, however, certain non-core
assets from the sale, including the real property.  Universal owns
the Minnesota Property, which consists of the Debtors' main office
along with various phone, computer, and communications systems
located therein.

Since the Debtors are no longer operating as a going concern, the
Debtors and their estates have no need for the Minnesota Property.

In the event that Ameritas Life Insurance Company determine to
credit bid, Ameritas will be entitled to credit bid all or a
portion of the scheduled amount of Ameritas claim ($2,753,640).

The Court overruled objections to the motion, including that of
Ameritas, as successor by merger with Union Central Life Insurance
Company.  Ameritas asserted that the sale motion prohibits a
credit bid.

The Debtors stated that it will afford to any qualifying bidder
due diligence access and the time and opportunity to conduct
reasonable due diligence.

                   About Universal Cooperatives

As an inter-regional farm supply cooperative, Universal
Cooperatives, Inc. consolidates the purchasing power of its
members to procure, and/or manufacture, and distribute high
quality products at competitive prices. Universal has 14 voting
members and over 50 associate members.

Eagan, Minnesota-based Universal Cooperatives and its affiliates
sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 14-
11187) on May 11, 2014.  The debtor-affiliates are Heritage
Trading Company, LLC; Bridon Cordage LLC; Universal Crop
Protection Alliance, LLC; Agrilon International, LLC; and Pavalon,
Inc.  UCI do Brasil, a majority-owned subsidiary located in
Brazil, is not a debtor in the Chapter 11 cases

The cases are assigned to Judge Mary F. Walrath.

Universal estimated $1 million to $10 million in assets and $10
million to $50 million in debt.  Heritage estimated less than $10
million in assets and debt.

The Debtors have tapped Travis G. Buchanan, Esq., Robert S. Brady,
Esq., Andrew L. Magaziner, Esq., and Travis G. Buchanan, Esq., at
Young Conaway Stargatt & Taylor, LLP; and Mark L. Prager, Esq.,
Michael J. Small, Esq., and Emil P. Khatchatourian, Esq., at Foley
& Lardner LLP, as counsel; The Keystone Group, as financial
advisor and Prime Clerk as notice and claims agent.

Bank of America, N.A., as agent for the DIP Lenders, is
represented by Daniel J. McGuire, Edward Kosmowski, Esq., and
Gregory M. Gartland, Esq., at Winston & Strawn, LLP.

The United States Trustee for Region 3 has appointed seven members
to the Official Committee of Unsecured Creditors, which is
represented by Sharon Levine, Esq., Bruce S. Nathan, Esq., and
Timothy R. Wheeler, Esq., at LOWENSTEIN SANDLER LLP, in Roseland,
New Jersey; and Jamie L. Edmonson, Esq., and Daniel A. O'Brien,
Esq., at VENABLE LLP, in Wilmington, Delaware.


VENDING MAINTNANCE: Case Summary & 5 Top Unsecured Creditors
------------------------------------------------------------
Debtor: Vending Maintnance, LLC
        1397 Cedar St
        Carrollton, GA 30117

Case No.: 14-12262

Chapter 11 Petition Date: October 6, 2014

Court: United States Bankruptcy Court
       Northern District of Georgia (Newnan)

Debtor's Counsel: C. Staci Vaughn, Esq.
                  C.S. VAUGHN LAW FIRM
                  418 Westview Drive
                  Villa Rica, GA 30180
                  Tel: 770-456-4800
                  Fax: 770-456-4799
                  Email: csv@vaughnlawfirm.net

Total Assets: $100,050

Total Liabilities: $1.47 million

The petition was signed by Fred A. Bennett, Jr., managing member.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/ganb14-12262.pdf


VERMILLION INC: Amends Form S-3 Registration Statement
------------------------------------------------------
Vermillion Inc. filed an amendment no. 1 to its registration
statement on Form S-3 relating to:

   * a base prospectus which covers the offer, issuance and sale
     of up to (1) $50,000,000 of the Company's common stock,
     preferred stock, warrants, rights and units and (2) 70,000
     shares of common stock underlying warrants held by Liolios
     Group, Inc.; and

   * an at-the-market offering prospectus covering the offer,
     issuance and sale of up to $15,000,000 of the Company's
     common stock pursuant to a sales agreement with Cantor
     Fitzgerald & Co.

Upon termination of the sale agreement with Cantor Fitzgerald &
Co., any portion of the $15,000,000 included in the at-the-market
offering prospectus that is not sold pursuant to the sales
agreement will be available for sale in other offerings pursuant
to the base prospectus, and if no shares are sold under the sales
agreement, the full $50,000,000 of securities may be sold by the
Company in other offerings pursuant to the base prospectus and a
corresponding prospectus supplement.

The Company's common stock is traded on The NASDAQ Capital Market
under the symbol "VRML".  On Sept. 11, 2014, the last reported
sale price for the Company's common stock on The NASDAQ Capital
Market was $2.21 per share.  As of Sept. 12, 2014, the aggregate
market value of the Company's outstanding common stock held by the
Company non-affiliates, as calculated pursuant to the rules of the
Securities and Exchange Commission, was $47,592,445.

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

                        http://is.gd/WrHI3Z

                         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 wass 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 June 30, 2014, the Company had $23.51 million in total
assets, $5.76 million in total liabilities and $17.74 million in
total stockholders' equity.


VIGGLE INC: Enhances TV Recognition for Rewards Platform
--------------------------------------------------------
Viggle Inc. announced it will expand its relationship with
Gracenote(R) beyond music identification to also power the
automatic content recognition that enables Viggle users to
identify and match TV programs and movies with their mobile
device.  With Gracenote's EntourageTM ACR platform, Viggle users
can expect faster, more accurate identification of the shows
they're watching for valuable points, which are redeemable for
real rewards within the Viggle app and at Vigglestore.com

Within the Viggle app, Gracenote Entourage uses the built-in
microphone in tablets and smart phones to identify a TV show by
"listening" to a few seconds of the program dialogue and
soundtrack.  Upon identification, Viggle retrieves the TV program
image and other detailed information about the show from
Gracenote.  Users earn points for every minute they're checked-in
to the show.  Viggle also serves up real-time quizzes and polls
synchronized to TV shows for additional points and rewards.  The
free Viggle app is available for iOS, Android and Windows
platforms.

"The Viggle Platform now has over 7 million registered users and
we're growing rapidly.  Thousands of users are joining the
platform every day and we want to make sure we have the best
technology in place to deliver our experience to Viggle users,"
said Greg Consiglio, president and COO of Viggle Inc.  "Expanding
our technology relationship with Gracenote helps us deliver our
promise to users and our TV network and advertising partners, to
grow the largest entertainment marketing and rewards platform."

Today, the Gracenote database receives more than 650 million
queries every day and more than 20 billion every month across its
client base - making it one of the highest trafficked
entertainment data sources on the planet.  With Gracenote
Entourage, Viggle can quickly and efficiently scale its operations
to meet the demands of its growing user base and increasing volume
of TV show, music and Movie matches.

"Our relationship with Viggle is a great example of the value that
Gracenote, which recently integrated with Tribune Media Services
(TMS), brings to customers developing entertainment products and
services," said Eric Allen, general manager of Music and
Addressability for Gracenote.  "Combined, Gracenote's world class
video and music data and ACR technologies provide an end-to-end
solution and reliable infrastructure that can scale with Viggle's
rapid growth."

Gracenote now provides Viggle with recognition technology for
music, TV shows and movies as well as powers the TV listings and
associated descriptive information for TV shows.  In November of
2013, Viggle launched its Music offering which uses Gracenote
MusicID(R) to help users identify music and earn points for each
match.  Viggle has also been a customer of Tribune Media Services
(TMS) for TV listings, channel line-ups, online video information
and show images since its launch in 2012.  Since Tribune Media
Company's acquisition of Gracenote and integration with TMS,
Gracenote has become a single provider of music and video
recognition technologies and music and video metadata.

Viggle Inc.'s platform consists of the Viggle app, which offers
rewards for watching TV, advertisements or listening to music;
NextGuide, a personalized TV programming guide and distributed
reminder platform; Wetpaint, an entertainment news and social
publishing platform; and Viggle Store, a rewards destination where
visitors can redeem Viggle Points for digital downloads.  In July
2014, Viggle Inc. achieved a total reach of 22.5 million.  Total
reach is the total of registered users for the Viggle app and
monthly unique users of the Wetpaint media properties.

                           About Viggle

New York City-based Viggle Inc. is a loyalty marketing company.
The Company has developed a loyalty program for television that
gives people real rewards for checking into the television shows
they are watching on most mobile operating system.  Viggle users
can redeem their points in the app's rewards catalog for items
such as movie tickets, music, or gift cards.

Viggle reported a net loss of $68.43 million on $17.98 million of
revenues for the year ended June 30, 2014, compared to a net loss
of $91.40 million on $13.90 million of revenues for the year ended
June 30, 2013.

The Company's balance sheet at June 30, 2014, showed $79.09
million in total assets, $39.29 million in total liabilities and
$39.80 million in total stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2014.  The independent auditors noted that the Company
has suffered recurring losses from operations and at June 30, 2014
has a deficiency in working capital that raises substantial doubt
about its ability to continue as a going concern.


VISTEON CORP: Balks at Retirees' Attack in Benefits Spat
--------------------------------------------------------
Law360 reported that Visteon Corp. said that a Delaware bankruptcy
judge should toss a proposed class action filed by retirees who
sued after their health benefits were discontinued in the
company's bankruptcy because the matter has been long settled.
According to the report, Visteon said in its brief that the class
action filed on behalf of United Automobile Workers retirees in a
Michigan federal district court one day before the company had
emerged from bankruptcy is an improper collateral attack and "that
there is no principle of law that permits a losing party to force
its adversaries to continue litigation they have already won."

The case is International Union, United Automobile, Aerospace and
Agricultural Implement Workers of America et al. v. Visteon Corp.
et al., case No. 1:13-cv-01742, in the U.S. District Court for the
District of Delaware.

                        About Visteon Corp

Headquartered in Van Buren Township, Michigan, Visteon Corporation
(NYSE: VC) -- http://www.visteon.com/-- is an automotive supplier
that designs, engineers and manufactures innovative climate,
interior, electronic and lighting products for automakers.  The
Company has corporate offices in Van Buren Township, Michigan
(U.S.); Shanghai, China; and Kerpen, Germany.  It has facilities
in 27 countries and employs roughly 35,500 people.  The Company
disclosed assets of US$4,561,000,000 and debts of US$5,311,000,000
as of March 31, 2009.

Visteon Corporation and 30 of its affiliates filed for Chapter 11
protection on May 28, 2009, (Bank. D. Del. Case No. 09-11786
through 09-11818).  Judge Christopher S. Sontchi oversees the
Chapter 11 cases.  James H.M. Sprayregen, Esq., Marc Kieselstein,
Esq., and James J. Mazza, Jr., Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, represented the Debtors in their restructuring
effort.  Laura Davis Jones, Esq., James E. O'Neill, Esq., Timothy
P. Cairns, Esq., and Mark M. Billion, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, served as the Debtors'
local counsel.  The Debtors' investment banker and financial
advisor were Rothschild Inc.  The Debtors' notice, claims, and
solicitation agent was Kurtzman Carson Consultants LLC.  The
Debtors' restructuring advisor was Alvarez & Marsal North America,
LLC.

The Bankruptcy Court entered an order on Aug. 31, 2010, confirming
the Fifth Amended Plan of Reorganization of Visteon Corporation
and its debtor-affiliates.  Visteon emerged from Chapter 11 on
Oct. 1.

                           *     *     *

The Troubled Company Reporter, on March 27, 2014, reported that
Moody's Investors Service assigned a B1 rating to Visteon's
proposed $800 senior secured bank credit facility.  In a related
action Moody's affirmed the B1 Corporate Family Rating, B1-PD
Probability of Default Rating and the company's existing debt
ratings. Visteon's Speculative Grade Liquidity Rating was affirmed
at SGL-3. The rating outlook remains stable.

The TCR, on the same day, also reported that Standard & Poor's
Ratings Services said that it assigned 'BB-' issue ratings to Van
Buren Township, Mich.-based global auto supplier Visteon's
proposed senior secured debt comprising a $600 million term loan B
maturing 2021 and a new five-year $200 million revolving credit
facility.  The recovery rating is '2', which indicates S&P's
expectation for substantial (70% to 90%) recovery for lenders in
the events of a payment default or bankruptcy.  The term loan
issuance, along with some cash from balance sheet, will repay the
remaining $400 million 6.75% Senior Notes (rated 'B+', with a '3'
recovery rating) due 2019 and finance the acquisition of JCI
Electronics.


VISCOUNT SYSTEMS: Issues 21.059 Series A Preferred Shares
---------------------------------------------------------
Viscount Systems, Inc., issued a total of 21.059 Series A
Convertible Redeemable Preferred Stock, par value $0.001 per
share, to the outstanding holders of A Shares as dividend payments
on the A Shares for the period ended Sept. 30, 2014, according to
a regulatory filing with the U.S. Securities and Exchange
Commission.  The A Shares issued are subject to the conversion and
dividend rights as set forth in the Certificate of Designation,
Preferences and Rights of the Series A Convertible Redeemable
Preferred Stock dated June 5, 2012, as amended Oct. 17, 2012, and
March 21, 2014.

                       About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.

The Company's bank credit facility was suspended on December 30,
2011 due to the bank's assessment of the Company's financial
position.  Management has determined that the Company will need to
raise a minimum of C$500,000 by way of new debt or equity
financing to continue normal operations for the next twelve
months.  Management has been actively seeking new investors and
developing customer relationships, however a financing arrangement
has not yet completed.  Short-term loan financing is anticipated
from related parties, however there is no certainty that loans
will be available when required.  These factors raise substantial
doubt about the ability of the Company to continue operations as a
going concern.

Dale Matheson Carr-Hilton LaBonte LLP expressed substantial doubt
about the Company's ability to continue as a going concern, citing
that the Company has an accumulated deficit of C$11.67 million for
the year ended Dec. 31, 2013.  The Company requires additional
funds to meet its obligations and the costs of its operations.

The Company reported a net loss of C$3.08 million on
C$4.13 million of sales in 2013, compared with a net loss of
C$2.68 million on C$3.6 million of sales in 2012.

As of June 30, 2014, the Company had C$2.66 million in total
assets, C$7.27 million in total liabilities and a C$4.60 million
total stockholders' deficit.


VISION INDUSTRIES: Union Capital Reports 9.9% Equity Stake
----------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Union Capital, LLC, disclosed that it beneficially
owned 35,499,059 shares of common stock of Vision Industries Corp.
as of Sept. 24, 2014, representing 9.9 percent of the shares
outstanding.  A copy of the regulatory filing is available at
http://is.gd/PvU9Nn

                       About Vision Industries

Long Beach, Cal.-based Vision Industries Corp. focuses its
efforts in building Class 8 fuel cell electric vehicles (FCEV)
used in drayage transportation.

Vision Industries Corp. filed a Chapter 11 bankruptcy petition
(Bankr. C.D. Calif. Case No. 14-28225) on Sept. 24, 2014.  The
petition was signed by Jerome Torresyap as president/COO.  The
Debtor disclosed total assets of $1.34 million and total
liabilities of $3.18 million.  Marshack Hays LLP serves as the
Debtor's counsel.  The case is assigned to Judge Robert N. Kwan.


WEST TEXAS: Taps Edgar Montalvo as Chief Restructuring Officer
--------------------------------------------------------------
West Texas Guar, Inc., asks the Bankruptcy Court for permission to
employ Edgar Montalvo as chief restructuring officer.

The Debtor proposes that, in accordance with the terms of the
original engagement letter and the cash collateral order, it be
permitted to pay Mr. Montalvo, without prior application to the
Court by such professional, $10,000 per week plus reasonable
expenses in connection with his services as CRO.

To the best of the Debtor's knowledge, Mr. Montalvo is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

                      About West Texas Guar

Representatives of 24 farms filed an involuntary Chapter 11
bankruptcy petition (Bankr. N.D. Tex. Case No. 14-50056) on March
14, 2014, against West Texas Guar Inc.  The farmers claim they are
owed nearly $4 million for seed they've delivered on the 2013
harvest but haven't been paid for.  Guar is a seed crop that has a
variety of uses in human and animal food production, textiles and
fracking for oil and gas wells.

Judge Robert L. Jones oversees the case.  The farmers are
represented by R. Byrn Bass, Jr., Esq., Attorney at Law.

WTG is represented by Samuel M. Stricklin, Esq., Tricia R. DeLeon,
Esq., and Lauren C. Kessler, Esq., at Bracewell & Giuliani LLP, in
Dallas, Texas.  The Debtor disclosed in amended schedules
$19,226,923 in assets and $29,331,352 in liabilities as of the
Chapter 11 filing.

WTG and Scopia Windmill Fund LP filed a Joint Plan of
Reorganization and Disclosure Statement on August 25, 2014.  On
Sept. 23, WTG filed a Second Amended Joint Plan.  In support of
the plan, Scopia Windmill Fund LP, Scopia Capital Management LLC,
Scopia Holdings LLC, Corcapital Group LLC, and the Debtor executed
the attached Term Sheet for Proposed Purchase/Restructuring
Transaction that provides the basic terms for a transaction that
would be implemented through a confirmed plan of reorganization
for the Debtor.

The capital structure of the reorganized Debtor is Senior Secured
Term Loan of $8 million and Junior Secured Term Loan of $1.5
million, both of which will be issued by Scopia, and CorCapital
Preferred Interests of $7.1 million.  10% of the outstanding
fully-diluted total common interest of the Reorganized Debtor will
be issued to Scopia in full and complete satisfaction of Scopia's
claims against the Debtor in the amount of approximately $6
million plus accrued interest.  As additional consideration for
providing the $8 million Senior Secured Term Loan, Scopia will be
provided with warrants exercisable for 12% of the fully diluted
total common interests of Reorganized WTG at a price of $l.




WISE METALS: Moody's Puts 'B3' CFR on Review for Upgrade
--------------------------------------------------------
Moody's Investors Service placed on review for upgrade Wise Metals
Intermediate Holdings LLC (Wise) B3 Corporate Family Rating (CFR)
and B3-PD Probability of Default Rating, as well as the Caa2
senior unsecured rating of Wise and Wise Holdings Finance
Corporation as co-issuer. Moody's also placed on review for
upgrade the Caa1 senior secured rating of Wise Metals Group LLC
and Wise Alloys Finance Corporation as co-issuer.

On Review for Upgrade:

Issuer: Wise Metals Group LLC

  Senior Secured Regular Bond/Debenture (Local Currency) Dec 15,
  2018, Placed on Review for Upgrade, currently Caa1

Issuer: Wise Metals Intermediate Holdings LLC

  Probability of Default Rating, Placed on Review for Upgrade,
  currently B3-PD

  Corporate Family Rating, Placed on Review for Upgrade,
  currently B3

  Senior Unsecured Regular Bond/Debenture (Local Currency) Jun
  15, 2019, Placed on Review for Upgrade, currently Caa2

Outlook Actions:

Issuer: Wise Metals Group LLC

  Outlook, Changed To Rating Under Review From Negative

Issuer: Wise Metals Intermediate Holdings LLC

  Outlook, Changed To Rating Under Review From Negative

Ratings Rationale

The review for upgrade is a result of the pending acquisition of
Wise by Constellium N.V. (Ba3 CFR) for $455 million in cash and
$945 million in the assumption of existing Wise debt.

The review will focus on the treatment of Wise's debt within
Constellium's capital structure as well as the company's strategic
importance to Constellium's growth plans, the expected funding
sources for such plans and expected shipments, earnings and cash
flow generation.

Headquartered in Muscle Shoals, Alabama, privately owned Wise
Metals Intermediate Holdings LLC ("Holdings") owns a 100% stake in
Wise Metals Group LLC ("Wise Metals"), which, in turn, owns 100%
of Wise Alloys LLC ("Wise Alloys"), a producer of rolled aluminum
products supplying primarily the North American can sheet market.
Wise Alloys contributes the majority of the company's consolidated
revenues. Wise Metals also wholly-owns Listerhill Total
Maintenance Center LLC, which provides project and maintenance
engineering services, and Alabama Electric Motor Services LLC,
which sells and services electric motors and Wise Recycling LLC
("Wise Recycling"), which collects, processes and sells scrap
metal. Consolidated revenues for the twelve months ending June 30,
2014 were approximately $1.3 billion.

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


YELLOWSTONE CLUB: Court Denies Motions for Reconsideration
----------------------------------------------------------
In a Sept. 26, 2014 Order available at http://is.gd/85nMRNfrom
Leagle.com in the case TIMOTHY L. BLIXSETH v. CREDIT SUISSE AG, et
al., CIVIL ACTION NO. 12-CV-00393-PAB-KLM (D. Co.), District Judge
Philip A. Brimmer denied:

  -- Defendant Credit Suisse's Motion for Reconsideration of
     ruling on plaintiff's claim for tortious interference; and

  -- Plaintiff's Motion to Reconsider Court's Order Granting
     Defendant Credit Suisse's Motion to Dismiss in Part and
     Defendant Cushman and Wakefield's Motion to Dismiss.

The case was initiated in February 2012 by Tim Blixseth, founder
of The Yellowstone Club, asserting claims against all defendants
for (1) violations of the Racketeer Influenced and Corrupt
Organizations Act ("RICO"), 18 U.S.C. Sec. 1961-1968; (2) common
law fraud; (3) breach of fiduciary duty; (4) common law negligence
and negligent misrepresentation; (5) tortious interference with
contractual relations; (6) breach of covenants of good faith and
fair dealing under the Uniform Commercial Code and common law; (7)
breach of contract; (8) equitable indemnity; and (9) common law
conspiracy.

Defendant Credit Suisse Cayman Island Branch is, represented by
David Jason Lender, Esq. and Thomas Ray Guy, Esq., of Weil Gotshal
& Manges, LLP as well as Kathleen E. Craigmile, Esq. of Bennington
Johnson Biermann & Craigmile, LLC.

                   About Yellowstone Mountain

Located near Big Sky, Montana, Yellowstone Mountain Club LLC --
http://www.theyellowstoneclub.com/-- is a private golf and ski
community with more than 350 members, including Bill Gates and Dan
Quayle.  The Company was founded in 1999.

Yellowstone Club and its affiliates filed for Chapter 11
bankruptcy (Bankr. D. Montana, Case No. 08-61570) on Nov. 10,
2008.  The Company's owner affiliate, Edra D. Blixseth, filed
a separate Chapter 11 petition on March 27, 2009 (Case No.
09-60452).

Attorneys at Bullivant Houser Bailey PC and Bekkedahl & Green
PLLC represented Yellowstone.  The Debtors hired FTI Consulting
Inc. and Ronald Greenspan as CRO.  The official committee of
unsecured creditors were represented by Parsons, Behle and
Latimer; and James H. Cossitt, Esq., as counsel.  Credit Suisse,
the prepetition first lien lender, was represented by Skadden,
Arps, Slate, Meagher & Flom.

In June 2009, the Bankruptcy Court entered an order confirming
Yellowstone's Chapter 11 Plan.  Pursuant to the Plan, CrossHarbor
Capital Partners LLC acquired equity ownership in the reorganized
Club for $115 million.


YMCA OF MILWAUKEE: Hires Wipfli as Auditors & Tax Accountants
-------------------------------------------------------------
The Young Men's Christian Association of Metropolitan Milwaukee,
Inc. ("YMCA") and YMCA Youth Leadership Academy, Inc. ("YLA") seek
authorization from the U.S. Bankruptcy Court for the Eastern
District of Wisconsin to employ Wipfli LLP as auditors and tax
accountants for the Debtors, effective Sept. 22, 2014 filing of
the Application.

The Debtors intend to hire Wipfli to complete the audit and tax
services as provided in the Agreements. Both BMO Harris Bank and
the Official Committee of Unsecured Creditors (the "Committee")
have requested that the Debtors retain Wipfli to finish the 2013
audit and tax work.

However, the U.S. Trustee has advised the Debtors that it will
oppose any application to employ Wipfli under section 327(a) of
the Code on the grounds that Wipfli is not "disinterested" unless
it agrees to waive its prepetition claim.

Wipfli will be paid at these hourly rates:

       David Globig, Partner            $370
       Craig Hirt, Senior Manager       $230
       Paul Helmers, Senior Associate   $185
       Megan Flynn, Senior Associate    $125

The Debtors anticipated that Wipfli would incur charges for its
services in this case in the ranges set forth below:

       YMCA audit services    $40,000 to $48,000
       YLA audit services     $10,000 to $14,000
       YMCA tax services      $2,000  to $2,500
       YLA tax services       $2,000  to $2,500

       TOTAL                  $54,000 to $67,000

Wipfli has agreed to discount its fees and charge the Debtors a
flat fee of $39,440.

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

Wipfli can be reached at:

       David Globig
       WIPFLI LLP
       10000 Innovation Dr., Ste. 250
       Milwaukee, WI  53226
       Tel: (414) 431-9329
       Fax: (414) 431-9303
       E-mail: dglobig@wipfli.com

                      About YMCA of Milwaukee

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

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

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

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

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


ZBB ENERGY: Reports $9.51-Mil. Net Loss in FY Ended June 30
-----------------------------------------------------------
ZBB Energy Corporation filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the fiscal year
ended June 30, 2014.

Baker Tilly Virchow Krause, LLP expressed substantial doubt about
the Company's ability to continue as a going concern, citing the
Company's recurring operating losses, operating cash flow
deficits, and accumulated deficit of $89.79 million.

The Company reported a net loss of $9.51 million on $7.85 million
of total revenues for the fiscal year ended June 30, 2014,
compared with a net loss of $12.45 million on $7.72 million of
total revenues in the prior year.

The Company's balance sheet at June 30, 2014, showed
$20.05 million in total assets, $6.54 million in total liabilities
and total stockholders' equity of $13.51 million.

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

                       http://is.gd/Hsw3sp

                   About ZBB Energy Corporation

ZBB Energy Corporation (nyse mkt:ZBB) -- http://www.zbbenergy.com
-- designs, develops, licenses and manufactures advanced energy
storage and power electronics systems, as well as engineered
custom and semi-custom products targeted at the growing global
need for distributed renewable energy, energy efficiency, power
quality, and grid modernization.  ZBB's corporate offices,
engineering and development, and production facilities are located
in Menomonee Falls, WI, USA with a research facility also located
in Perth, Western Australia.  ZBB has a joint venture with Meineng
Energy, a provider of leading-edge energy storage systems and
solutions to the greater China market.


ZOGENIX INC: Submits sNDA Application for Modified Zohydro
----------------------------------------------------------
Zogenix, Inc., submitted a supplemental New Drug Application to
the U.S. Food and Drug Administration for a modified formulation
of Zohydro(R) ER (hydrocodone bitartrate) Extended-Release
Capsules, CII, which has been designed to have abuse deterrent
properties.  The Company anticipates a target action date on the
sNDA during the first quarter of 2015, and if approved, a
transition from the currently marketed product to this new
formulation of Zohydro ER in the second quarter of 2015.

                         About Zogenix Inc.

Zogenix, Inc. (NASDAQ: ZGNX), with offices in San Diego and
Emeryville, California, is a pharmaceutical company
commercializing and developing products for the treatment of
central nervous system disorders and pain.

Zogenix reported a net loss of $80.85 million in 2013, as compared
with a net loss of $47.38 million in 2012.

The Company's balance sheet at June 30, 2014, the Company had
$133.29 million in total assets, $64.98 million in total
liabilities and $68.31 million in total stockholders' equity.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company's recurring losses from operations and lack of
sufficient working capital raise substantial doubt about its
ability to continue as a going concern.


ZUFFA LLC: S&P Lowers Corp. Credit Rating to 'BB-'
--------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Las Vegas-based mixed martial arts sporting event
promoter and producer Zuffa LLC to 'BB-' from 'BB'. The rating
outlook is stable.

At the same time, S&P lowered its issue-level rating on Zuffa's
$535 million senior secured credit facility to 'BB' from 'BB+'.
The recovery rating remains '2', indicating its expectation for
substantial (70% to 90%) recovery for lenders in the event of a
payment default. The facility consists of a $60 million senior
secured revolving credit facility due 2018 and a $475 million
senior secured term loan due 2020.

"The downgrade reflects our revised forecast for 2014 EBITDA to
decline approximately 30%, and our expectation that debt to EBITDA
will increase to the high-4x area in 2014 compared to our previous
expectation for leverage in the low-3x area," said Standard &
Poor's credit analyst Stephen Pagano.

S&P said: "EBITDA declined significantly year to date through
Sept. 30, 2014, primarily due to a cancelled pay-per-view (PPV)
event and changes to some marquee fight cards as a result of
fighter injuries, causing PPV buys and event ticket prices to
decline compared to the previous year. As a result, credit metrics
will weaken significantly in 2014 when compared to our previous
forecast. Our preliminary expectation is that these negative
trends will reverse in 2015 as injured fighters return and PPV
buys and ticket prices increase to levels comparable with fiscal
2013. We anticipate leverage will improve to the low to mid-3x
area in fiscal 2015. We anticipate EBITDA coverage of interest
expense to remain good for the rating in the low-5x area in 2014
and in the 8x area in fiscal 2015.

"The stable outlook reflects our expectation that operations will
recover in 2015 as injured fighters return and PPV buys and ticket
prices increase, improving our measure of leverage to below 4x on
average starting in 2015.

"Higher ratings would be dependent upon contractual broadcasting
revenue increasing to a level that significantly mitigates the
negative cash flow impact of event risk from potential future
cancelled and rescheduled events. We could also consider higher
ratings if we believe Zuffa will sustain debt to EBITDA below 3x
on average," said S&P.

A negative rating action could occur if Zuffa's operations do not
recover in 2015, causing leverage to be sustained above 4x.


* K&L Gates Welcomes Former CalPERS General Counsel as Partner
--------------------------------------------------------------
The Seattle office of global law firm K&L Gates LLP has added
Peter Mixon as a partner. Most recently, Mixon served as general
counsel for the California Public Employees' Retirement System
(CalPERS).

At K&L Gates, Mixon will work with institutional investors,
including public pension plans, and public entities on a broad
range of issues, with a primary focus on formulating and executing
risk management and other legal strategy in the context of
financial disputes, regulatory investigations, investment
strategies, municipal insolvencies, and complex litigation. He
also has extensive experience advising public boards and
committees on governance and fiduciary issues.

As chief legal counsel and an executive officer at CalPERS for
nearly a dozen years, Mixon advised the organization's leadership
on a wide range of corporate and litigation matters, including
investment transactions, securities law, and municipal
bankruptcies, as well as directing the defense of numerous
contract and class action lawsuits and constitutional challenges.
He oversaw a staff of 25 in-house lawyers and also formulated the
legal strategy for the CalPERS corporate governance program. Mixon
joined CalPERS in 1996 as staff counsel and was promoted to deputy
general counsel before becoming general counsel in 2002.

"We are delighted to welcome Peter to K&L Gates," said Phil Guess,
Administrative Partner of K&L Gates' Seattle office. "As former
chief legal officer for what is, in essence, one of the largest
pension and sovereign wealth funds in the world, Peter has
experience in the area of investment, governance, fiduciary
issues, and crisis management that is unsurpassed in this
industry. It will nicely supplement the wide breadth of services
that K&L Gates already provides."

Mixon joins a team of more than a dozen lawyers firmwide who
dedicate all or a substantial portion of their practice to
representing institutional clients such as sovereign wealth funds,
public pension funds, universities, and other endowments in
connection with their investments in private equity funds, hedge
funds, real estate investments (direct investments as well as
REITs and other funds), separately managed accounts, and other
vehicles. By focusing on the needs of these institutional
investors and limited partners, K&L Gates is able to offer a
comprehensive understanding of the issues that concern clients
with significant fiduciary responsibilities.

Mr. Mixon may be reached at:

         Peter H. Mixon, Esq.
         K&L GATES LLP
         925 Fourth Avenue, Suite 2900
         Seattle, WA 98104-1158
         Tel: 206.370.7802
         Fax: 206.623.7022
         E-mail: peter.mixon@klgates.com

K&L Gates comprises more than 2,000 lawyers globally who practice
in fully integrated offices located on five continents. The firm
represents leading multinational corporations, growth and middle-
market companies, capital markets participants and entrepreneurs
in every major industry group as well as public sector entities,
educational institutions, philanthropic organizations and
individuals.



                             *********

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, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

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

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

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


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