TCR_Public/141020.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Monday, October 20, 2014, Vol. 18, No. 292

                            Headlines

110 WEST 9TH STREET: Voluntary Chapter 11 Case Summary
1300 MARKET: Case Summary & 7 Largest Unsecured Creditors
21ST CENTURY ONCOLOGY: Two Directors Resigned
30DC INC: Incurs $53,000 Net Loss in Fourth Quarter
673 CITY ISLAND: Case Summary & 11 Largest Unsecured Creditors

ADAMIS PHARMACEUTICALS: Registers 2.8MM Shares for Resale
ADIRONDACK HUMANE SOCIETY: Files for Ch 11; Elmore SPCA Takes Over
ALCO STORES: Section 341(a) Meeting Scheduled for November 21
ALLY FINANCIAL: Declares Dividends on Preferred Stock
ALLY FINANCIAL: Earns Profit as Gov't Pares Ownership

AMERICAN COMMERCE: Delays Form 10-Q for August 31 Quarter
AMERICAN INT'L: Bailout Architects Leave Questions for Executives
AMPLIPHI BIOSCIENCES: Philip Young Quits as Director
ARCH COAL: Bank Debt Trades at 15% Off
ASR 2401 FOUNTAINVIEW: Meeting of Creditors Set for Nov. 3

ASSOCIATED WHOLESALERS: U.S. Trustee Balks At Executive Bonus Plan
ATLANTIC RETAIL: Case Summary & 20 Largest Unsecured Creditors
ATRINSIC INC: Files Fiscal 2014 Form 10-K
AURA SYSTEMS: Incurs $4.1 Million Net Loss in Second Quarter
BERNARD L. MADOFF: 2nd Circ. Eyes Investors' Interest Claims

BIOFUEL ENERGY: Subscription Rights Delisted From NASDAQ
BIOLIFE SOLUTIONS: Signs Indemnification Agreements With D&Os
BOOMERANG SYSTEMS: Extends Tender Offer Until October 31
BROWNIE'S MARINE: Alex Purdon Stake at 8.6% as of Sept. 30
BUILDING #19: Local Co. Eying $1.9 Parcel in Narragansett Park

CHESAPEAKE ENERGY: S&P Revises Outlook to Pos. & Affirms 'BB+' CCR
CHESAPEAKE ENERGY: Moody's Affirms Ba1 CFR; Outlook Positive
CHESTNUT ST TOWNHOUSES: Case Summary & 20 Top Unsecured Creditors
CHINA PRECISION: Incurs $37.5 Million Net Loss in Fiscal 2014
CITADEL PLASTICS: Moody's Assigns B2 Corporate Family Rating

COLLAVINO CONSTRUCTION: Case Summary & 20 Top Unsec. Creditors
CRAIGHEAD COUNTY FAIR: Section 341(a) Meeting Set for Nov. 21
DETROIT, MI: To Demolish Joe Louis Arena, Give Land to FGIC
DIALOGIC INC: Wells Fargo Consents to Merger With Novacap
DIALOGIC INC: Tennenbaum Capital Supports Merger Agreement

DOMARK INTERNATIONAL: Incurs $659,000 Net Loss in Aug. 31 Quarter
ECO BUILDING: Incurs $28.9 Million Net Loss in Fiscal 2014
ENDEAVOUR INT'L: To Grant Adequate Protection to Noteholders
ENDEAVOUR INT'L: Proposes Protections for Term Loan Lenders
ENDEAVOUR INT'L: Meeting to Form Creditors' Panel Set for Oct. 27

ENDEAVOUR INT'L: North Sea Oil Field Up & Running Again
ENERGY FUTURE: Creditors Warn of 'Royal Rumble' in Bankruptcy
ENERGY FUTURE: Creditor Says Sale Plan Mocks Chap. 11
ERF WIRELESS: Sells 3.2 Million Common Shares
ESP RESOURCES: Turner Stone Replaced MaloneBailey as Accountants

EVERYWARE GLOBAL: Stockholders OK Issuance of 7.3MM Shares
FULLCIRCLE REGISTRY: Rodefer Moss Quits as Auditors
FUSION TELECOMMUNICATIONS: Principal Accounting Officer Quits
EPAZZ INC: Effects 1:10,000 Reverse Stock Split
FLUX POWER: To Pay SRA 5% of Placement Gross Proceeds

GASPARI NUTRITION: Oct. 28 Meeting Set to Form Creditors' Panel
GENERAL MOTORS: General Counsel to Retire
GENERAL MOTORS: Credit Line Extension Allows Up to $4B Borrowing
GENERAL MOTORS: Calif. DA Wants Ignition Switch Suit Removed
GENERAL MOTORS: Ex-Con and Hedge Funds Find Common Ground

GT ADVANCED: New Hampshire Calls For Transparency in Bankruptcy
GREEN POWER: Section 341(a) Meeting Scheduled for November 19
HAYES LEMMERZ: Laber Plaintiffs May Amend Suit Vs. HLI Affiliate
HUNTSMAN CORP: S&P Revises Outlook to Stable & Affirms 'BB' CCR
INC RESEARCH: Moody's Raises Corporate Family Rating to B1

INC RESEARCH: S&P Puts 'B+' CCR on CreditWatch Positive
INERGETICS INC: Amends Promissory Note With 31 Group LLC
INTERFACE INC: S&P Ups Corp. Credit Rating to BB+; Outlook Stable
INTERMETRO COMMUNICATIONS: Gumbiner Savett Dismissed as Auditors
INVERSIONES ALSACIA: Targeting November Confirmation of Plan

ITR CONCESSION: To Put Toll Road Lease on Sale
JEFFERSON COUNTY, AL: Responds to Ruling that Threatens Plan
LAKELAND INDUSTRIES: Obtains RMB 5-Mil. Loan From Bank of China
LAKELAND INDUSTRIES: Ansell USA Lowers Equity Stake to 1.5%
LEHMAN BROTHERS: Resumes Repo-Market Battle with JP Morgan

LIBERTY TOWERS: Staten Island Property Owner Returns to Ch. 11
LPATH INC: Registers 3.6 Million Common Shares for Resale
LSB INDUSTRIES: S&P Revises Outlook to Pos. & Affirms 'B+' CCR
MATADOR PROCESSORS: Court Threatens to Convert Ch 11 Case to Ch 7
MAUI LAND: Closes Sale of Lipoa Point Property for $19.8 Million

MCCLATCHY CO: Commences Debt Tender Offer at Par for 2022 Notes
MEDICAL CAPITAL: Sedgwick Wants Malpractice Suit Axed
MEDICURE INC: Posts C$1.3 Million Net Income in First Quarter
MILLER AUTO: Files Schedules of Assets and Liabilities
MOMENTIVE PERFORMANCE: Seeks Extension of Plan Filing Date

NBRS FINANCIAL: Howard Bank Assumes All of Bank's Deposits
NET ELEMENT: Cayman Invest Holds 15% Equity Stake
NET ELEMENT: Mike Zoi Reports 14.3% Equity Stake
NET ELEMENT: Nurlan Abduov Reports 15.4% Equity Stake
NET ELEMENT: To Offer $50 Million Worth of Securities

NET TALK.COM: Three Directors Ousted by Majority Shareholders
NEXT 1 INTERACTIVE: Delays Filing of Aug. 31 Form 10-Q
NORTHSTAR AEROSPACE: Court Dismisses Chapter 11 Cases
NUVILEX INC: To Sell $50 Million Worth of Securities
OVERLAND STORAGE: Obtains $7.5 Million Loan From FBC Holdings

PACIFIC STEEL: Amends Further Schedules of Assets and Liabilities
PANTECH CO: Files for Bankruptcy in the U.S.
PANTECH CO: Voluntary Chapter 15 Case Summary
PATERSON CHARTER: S&P Cuts Rating on School Revenue Bonds to 'BB+'
PAUL HENDERSON: Liable for Taxes Under SBTA, Mich. App. Ct. Says

PLACE OF FRANK'S: Case Summary & 20 Largest Unsecured Creditors
PLANDAI BIOTECHNOLOGY: Reports $15.5 Million Net Loss in 2014
PRINCIPI FAMILY: Case Summary & 5 Unsecured Creditors
PTM TECHNOLOGIES: Court Rules in Insurance Coverage Dispute
RANGE RESOURCES: S&P Raises CCR to 'BB+'; Outlook Stable

REICHHOLD HOLDINGS: Meeting of Creditors Set for Nov. 6
REICHHOLD HOLDINGS: U.S. Trustee Appoints Creditors' Committee
ROSETTA GENOMICS: Terminates Equity Sales Agreement With Cantor
RUBLOFF SHOREWOOD: Case Summary & 6 Largest Unsecured Creditors
SEBASTIANO INC: Voluntary Chapter 11 Case Summary

SOLAR POWER: Xinyu Inks US$42.6-Mil. Contract With Alxa League
SPIRE CORP: Amends Lease Agreement With SPI-Trust
STANFORD GROUP: Proskauer Loses Bid to Disqualify Neligan
TODD BRUNNER: Faces Charges of Bankruptcy Fraud
TOMS SHOES: Moody's Assigns B2 CFR & Rates $300M Term Loan B2

TRAVELPORT WORLDWIDE: Morgan Stanley Stake at 7.6% as of Oct. 8
TRUMP ENTERTAINMENT: Judge Voids Union Contract With Taj Mahal
TRUMP ENTERTAINMENT: NJ Lawmaker Accuses Icahn Of Stifling Rescue
VERTELLUS SPECIALTIES: Moody's Affirms B3 Corporate Family Rating
W.R. GRACE: Bilzin Sumberg Gets $300,000 More Fees

* Banks Agree To End 'Too-Big-To-Fail' Swaps Provision
* California Legislature Could Close Door to Chapter 9
* Too-Big-to-Fail Banks Face Up to $870 Billion Capital Gap

* Blackstone to Spin Off Financial Advisory Business

* BOND PRICING -- For Week From October 13 - 17, 2014


                             *********


110 WEST 9TH STREET: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: 110 West 9th Street, LLC
        908 Baltimore
        Kansas City, MO 64105

Case No.: 14-43531

Chapter 11 Petition Date: October 16, 2014

Court: United States Bankruptcy Court
       Western District of Missouri (Kansas City)

Debtor's Counsel: Patrick J Doran, Esq.
                  DORAN LAW OFFICE
                  4324 Belleview Ave., Ste 200
                  Kansas City, MO 64111
                  Tel: 816-753-8700
                  Fax: 816-753-4324
                  Email: pjdoran@doranlaw.net

Total Assets: $4.07 million

Total Liabilities: $4.97 million

The petition was signed by Del Kimball, manager of Evergreen
Capital Partners, LLC, manager.

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


1300 MARKET: Case Summary & 7 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: 1300 Market, LLC
        1300 Market Street, Suite 12
        Lemoyne, PA 17043

Case No.: 14-04802

Chapter 11 Petition Date: October 16, 2014

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Judge: Robert N Opel II

Debtor's Counsel: Markian R Slobodian, Esq.
                  LAW OFFICES OF MARKIAN R. SLOBODIAN
                  801 North Second Street
                  Harrisburg, PA 17102
                  Tel: 717 232-5180
                  Fax: 717 232-6528
                  Email: law.ms@usa.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Sopensky, member.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/pamb14-04802.pdf


21ST CENTURY ONCOLOGY: Two Directors Resigned
---------------------------------------------
As previously disclosed, on Sept. 26, 2014, 21st Century Oncology
Holdings, Inc., in connection with the issuance by the Company of
its Series A Convertible Preferred Stock, par value $0.001 per
share, entered into the Second Amended and Restated
Securityholders Agreement, which, among other things, provides
that the Company's Board of Directors is to be comprised of, in
part, two directors nominated by the holders of a majority of the
outstanding Series A Preferred Stock.

In connection therewith, Brian Cassady and James H. Rubenstein
resigned from the Board, effective Sept. 26, 2014, and Sept. 25,
2014, respectively, and Christian Hensley and Scott Lawrence, the
Majority Preferred Holders' nominees, were elected to the Board,
effective Sept. 26, 2014.  Mr. Hensley has also been named to the
Board's Executive Committee, Audit/Compliance Committee and
Capital Allocation Committee, and Mr. Lawrence has been named to
the Compensation Committee.

                         About 21st Century

21st Century Oncology, Inc., formerly known as Radiation Therapy
Services, Inc. ("RTS") owns and operates radiation treatment
facilities in the US and Latin America.

The Company's balance sheet at June 30, 2014, showed $1.11 billion
in total assets, $1.38 billion in total liabilities, $46.65
million in noncontrolling interests-redeemable, and a $325.04
million total deficit.

                            *     *     *

The TCR reported on Oct. 1, 2014, that Standard & Poor's Ratings
Services raised all of its ratings on 21st Century Oncology
Holdings Inc. by one notch, including the corporate credit rating
to 'B-' from 'CCC+'.  S&P raised the rating because the company
received $325 million of proceeds from a new preferred equity
investment, which increases the company's liquidity.

As reported by the TCR on Aug. 14, 2014, Moody's Investors Service
downgraded 21st Century Oncology, Inc.'s Corporate Family Rating
to Caa2 from B3 and Probability of Default Rating to Caa2-PD from
B3-PD.  The rating action follows the company's July 29, 2014
announcement that it has entered into a Recapitalization Support
Agreement with Vestar Capital Partners and a group of holders of
its outstanding subordinated notes, under which the company
expects to obtain additional liquidity through an equity
contribution or subordinated debt of at least $150 million on or
before October 1, 2014.


30DC INC: Incurs $53,000 Net Loss in Fourth Quarter
---------------------------------------------------
30DC, Inc., announced that during its fiscal fourth quarter and
full fiscal year periods ended June 30, 2014, the Company
recognized revenues of $379,394 and $2,795,633 respectively from
continuing operations compared to $408,963 and $1,467,817 during
the fourth quarter and fiscal full year periods ended June 30,
2013.

According to Ted Greenberg, 30DC's CFO, the financial results
validate the Company's decision to focus on internally developed
products and services in which the company sees significant
potential future growth opportunities.  Over the last two years
the Company has migrated from earning commissions from third
party products to the development digital and eCommerce related
products and services that the company sees as potential scalable
business opportunities.

Net loss was $(53,358) and net income $58,918 for the fourth
quarter and fiscal year ended June 30, 2014, compared to a
loss of $(35,310) and a loss of $(407,642) for the same periods of
fiscal 2013.  The increase in net income during fiscal 2014
compared to the same period in the prior fiscal year was
primarily due to the effect of increased sales of the MagCast
Publishing Platform.

30DC ended fiscal year 2014 with $102,684 of cash and $716,127 of
shareholders' equity.

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

                        http://is.gd/ZlaiIH

                           About 30DC Inc.

New York-based 30DC, Inc., provides Internet marketing services
and related training to help Internet companies in operating their
businesses.  It operates in two divisions, 30 Day Challenge and
Immediate Edge.

30DC, Inc., posted net income of $58,918 on $2.79 million of total
revenue for the year ended June 30, 2014, compared to a net loss
of $407,642 on $1.46 million of total revenue for the year ended
June 30, 2013.

The Company's balance sheet at June 30, 2014, showed $2.64 million
in total assets, $1.92 million in total liabilities, and $716,127
in total stockholders' equity.

MaloneBailey, LLP, in Houston, Texas, 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 accumulated losses from operations since
inception and has a working capital deficit as of June 30, 2014.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


673 CITY ISLAND: Case Summary & 11 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                 Case No.
        ------                                 --------
        673 City Island Ave Realty Corp        14-12905
        673 City Island Avenue
        Bronx, NY 10464

        Waterfront Homes & Marina Inc          14-12907
           dba 673 City Island Yacht Sales
        673 City Island Avenue
        Bronx, NY 10464

Nature of Business: The Debtors' sole business is the ownership
                    and operation of a marina with commercial
                    slips in the Bronx, New York.  The business
                    services and repairs boats and yachts with
                    winterization storage.

Chapter 11 Petition Date: October 17, 2014

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

Judge: Hon. Robert E. Gerber

Debtors' Counsel: Todd S. Cushner, Esq.
                  GARVEY TIRELLI & CUSHNER LTD.
                  50 Main Street, Suite 390
                  White Plains, NY 10606
                  Tel: 914-946-2200
                  Fax: 914-946-1300
                  Email: todd@thegtcfirm.com

                                         Total       Total
                                        Assets    Liabilities
                                      ----------  -----------
673 City Island Ave                     $2.5MM      $1.3MM
Waterfront Homes                        $2.7MM      $1.3MM

The petitions were signed by Frank A Ciolli, president.

A list of Waterfront Homes's 11 largest unsecured creditors is
available for free at http://bankrupt.com/misc/nysb14-12907.pdf


ADAMIS PHARMACEUTICALS: Registers 2.8MM Shares for Resale
---------------------------------------------------------
Adamis Pharmceuticals Corporation filed a Form S-3 registration
statement with the U.S. Securities and Exchange Commission to
register 1,418,439 shares of the Company's common stock to be
offered by Funds advised by Sio Capital Management, LLC, upon the
conversion of previously issued Series A Convertible Preferred
Stock, and 1,418,439 shares of the Company's common stock issuable
upon the exercise of outstanding previously issued common stock
purchase warrants, by the selling stockholders.  The Warrants have
an exercise price of $3.40 per share, and may be exercised during
the period ending Aug. 19, 2019.

The Company is not offering any shares of its common stock for
sale under this prospectus.  The Company will not receive any of
the proceeds from the sale of common stock by the selling
stockholders.  However, the Company will generate proceeds in the
event of a cash exercise of the Warrants by the selling
stockholders.

The Company's common stock is quoted on the Nasdaq Capital Market
under the symbol "ADMP."  On Oct. 16, 2014, the last reported sale
price of the Company's common stock as reported on the Nasdaq
Capital Market was $4.07 per share.

A copy of the Form S-3 prospectus is available at:

                       http://is.gd/MRjOzw

                            About Adamis

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

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

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

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

                         Bankruptcy warning

"Our management intends to attempt to secure additional required
funding through equity or debt financings, sales or out-licensing
of intellectual property assets, seeking partnerships with other
pharmaceutical companies or third parties to co-develop and fund
research and development efforts, or similar transactions.
However, there can be no assurance that we will be able to obtain
any required additional funding.  If we are unsuccessful in
securing funding from any of these sources, we will defer, reduce
or eliminate certain planned expenditures and delay development or
commercialization of some or all of our products.  If we do not
have sufficient funds to continue operations, we could be required
to seek bankruptcy protection or other alternatives that could
result in our stockholders losing some or all of their investment
in us," the Company said in its quarterly report for the period
ended June 30, 2014.


ADIRONDACK HUMANE SOCIETY: Files for Ch 11; Elmore SPCA Takes Over
------------------------------------------------------------------
Ben Rowe at Press-Republican reports that non-profit organization
Adirondack Humane Society has filed for Chapter 11 bankruptcy
protection.

According to Press-Republican, the shelter has been shut down
until further notice.  A virus had recently spread among the
shelter's cats and treatment was ongoing, the report quoted board
member William Tallman as saying.

Felicia Krieg at Press-Republican relates that the Elmore SPCA has
taken over operations at the shelter, after Brian Shapiro,
director of the New York branch of the Humane Society of the
United States, asked Laurie Parsons, president of Elmore's Board,
for help.  Citing Mr. Parson, Press-Republican states that Elmore
also took over Adirondack Humane Society's financial
responsibility for the 11 dogs and around 85 cats at the shelter.

Press-Republican says that the Adirondack Humane Society Executive
Board voted at an emergency meeting on Oct. 2 to fire Acting
President Nancy Paiser and Shelter Manager Betty Corrow, leaving
the shelter without direct leadership, while board members Brielle
Phillips, Carrie Ann Rollier and Ryan Norwood have resigned.
Adirondack Humane Society's Facebook and website have been taken
down.

Form 990 non-profit tax records found on the ProPublica website
show that the Humane Society had a $52,302 deficit in its $304,716
budget in 2012.


ALCO STORES: Section 341(a) Meeting Scheduled for November 21
-------------------------------------------------------------
A meeting of creditors in the bankruptcy case of ALCO Stores,
Inc., will be held on Nov. 21, 2014, at 11:00 a.m. at Dallas, Room
976.  Deadline to file proofs of claim will be on Feb. 19, 2015.

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

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

                         About ALCO Stores

ALCO Stores, Inc., operates 198 stores in 23 states throughout the
central United States.  Alco offers 35,000 items at its stores,
which are located at smaller markets usually not served by other
regional or national broad line retail chains.  The company was
founded in 1901 as a general merchandising operation in Abilene,
Kansas.

ALCO is a public company, and its common stock is quoted on the
NASDAQ National Market tier of the NASDAQ Stock Market under the
ticker symbol "ALCS."

ALCO Stores and ALCO Holdings LLC sought Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Lead Case No. 14-34941) in Dallas,
Texas, on Oct. 12, 2014, with plans to let liquidators conduct
store closing sales or sell the business to a going-concern buyer.

Judge Stacey G. Jernigan presides over the Chapter 11 cases.

The Debtors have DLA Piper LLP (US) as counsel, Houlihan Lokey
Capital, Inc., as financial advisor, Deloitte as restructuring
advisors and Prime Clerk LLC as claims and noticing agent.

As of July 2014, ALCO Stores had assets totaling $222 million and
liabilities totaling $162 million.


ALLY FINANCIAL: Declares Dividends on Preferred Stock
-----------------------------------------------------
Ally Financial Inc. had declared quarterly dividend payments for
certain outstanding preferred stock.  Each of these dividends were
declared by the board of directors on Oct. 16, 2014, and are
payable on Nov. 17, 2014.

A quarterly dividend payment was declared on Ally's Fixed Rate
Cumulative Perpetual Preferred Stock, Series G, of $46.1 million,
or $17.89 per share, and is payable to shareholders of record as
of Nov. 1, 2014.  Additionally, a dividend payment was declared on
Ally's Fixed Rate/Floating Rate Perpetual Preferred Stock, Series
A, of $21.7 million, or $0.53 per share, and is payable to
shareholders of record as of Nov. 1, 2014.

                        About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

The Company's balance sheet at June 30, 2014, showed $149.93
billion in total assets, $135.05 billion in total liabilities and
$14.87 billion in total equity.

                           *     *     *

As reported by the TCR on Dec. 16, 2013, Standard & Poor's Ratings
Services said it raised its issuer credit rating on Ally Financial
Inc. to 'BB' from 'B+'.  "The upgrade reflects the company's
release from potential legal and financial liabilities stemming
from its ownership of ResCap," said Standard & Poor's credit
analyst Tom Connell.

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the Ba3 corporate family and B1 senior unsecured ratings
of Ally Financial, Inc. and revised the outlook for the ratings to
positive from stable.  Moody's affirmed Ally's ratings and revised
its rating outlook to positive based on the company's progress
toward sustained improvements in profitability and repayment of
government assistance received during the financial crisis.


ALLY FINANCIAL: Earns Profit as Gov't Pares Ownership
-----------------------------------------------------
Ryan Tracy and Andrew R. Johnson, writing for The Wall Street
Journal, reported that almost six years after its near-collapse,
Ally Financial Inc. is nearly out from the U.S. government?s
clutches, and taxpayers are earning a profit of more than $1
billion as the firm heads out the door.  According to the report,
the unlikely turnaround of the former financing arm of General
Motors Co. is the product of a long, tumultuous trip through the
Treasury Department?s bailout program, including three financial
infusions and other assistance totaling $17.2 billion, the
appointment of as many as six government-approved board members,
the sale of several business lines and the rocky bankruptcy of its
subprime-mortgage arm.

                        About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

The Company's balance sheet at June 30, 2014, showed $149.93
billion in total assets, $135.05 billion in total liabilities and
$14.87 billion in total equity.

                           *     *     *

As reported by the TCR on Dec. 16, 2013, Standard & Poor's Ratings
Services said it raised its issuer credit rating on Ally Financial
Inc. to 'BB' from 'B+'.  "The upgrade reflects the company's
release from potential legal and financial liabilities stemming
from its ownership of ResCap," said Standard & Poor's credit
analyst Tom Connell.

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the Ba3 corporate family and B1 senior unsecured ratings
of Ally Financial, Inc. and revised the outlook for the ratings to
positive from stable.  Moody's affirmed Ally's ratings and revised
its rating outlook to positive based on the company's progress
toward sustained improvements in profitability and repayment of
government assistance received during the financial crisis.


AMERICAN COMMERCE: Delays Form 10-Q for August 31 Quarter
---------------------------------------------------------
American Commerce Solutions, Inc., filed with the U.S. Securities
and Exchange Commission a Notification of Late Filing on Form 12b-
25 with respect to its quarterly report on Form 10-Q for the
quarter ended Aug. 31, 2014.  The Company said the compilation,
dissemination and audit of the information required to be
presented in the Form 10-Q for has imposed time constraints that
have rendered timely filing of the Form 10-Q impracticable without
undue hardship and expense to the Company.  The Company undertakes
the responsibility to file that annual report no later than five
days after its original due date.

                      About American Commerce

American Commerce Solutions, Inc., headquartered in Bartow,
Florida, is primarily a holding company with one wholly owned
subsidiary; International Machine and Welding, Inc., is engaged in
the machining and fabrication of parts used in heavy industry, and
parts sales and service for heavy construction equipment.

American Commerce incurred a net loss of $169,061 on $2.66 million
of net sales for the year ended Feb. 28, 2014, as compared with a
net loss of $5,791 on $2.35 million of net sales during the prior
year.

The Company's balance sheet at May 31, 2014, showed $4.91 million
in total assets, $2.97 million in total liabilities and $1.93
million in total stockholders' equity.

Messineo & Co., CPAs LLC, in Clearwater, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Feb. 28, 2014.  The independent auditors noted
that the Company has recurring losses resulting in an accumulated
deficit and is in default of several notes payable.  These
conditions raise substantial doubt about its ability to continue
as a going concern.


AMERICAN INT'L: Bailout Architects Leave Questions for Executives
-----------------------------------------------------------------
Andrew Zajac and Christie Smythe, writing for Bloomberg News,
reported that the trial over the American International Group Inc.
bailout shifts from the architects of the 2008 rescue, who spent
days testifying as to why they imposed the terms they did on the
ailing insurer, to the executives who accepted their demands.
According to the report, Robert Willumstad and Edward Liddy, two
of Greenberg's successors as chief executive officer at the
insurance giant, will testify in the U.S. Court of Federal Claims
in Washington, where Judge Thomas Wheeler is hearing the case
without a jury.

As previously reported by The Troubled Company Reporter, citing
The Wall Street Journal, 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 and has asked a federal judge to rule that
the government coerced AIG's board into harsh terms, allegedly
cheating shareholders including Mr. Greenberg in the process.

                           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.


AMPLIPHI BIOSCIENCES: Philip Young Quits as Director
----------------------------------------------------
Philip J. Young resigned from the Board of Directors of AmpliPhi
Biosciences Corporation, effective as of the date prior to the
next annual meeting of the Company's shareholders, according to a
regulatory filing with the U.S. Securities and Exchange
Commission.

AmpliPhi Biosciences Corp. is a biopharmaceutical company that
develops bacteriophage-based therapeutics.  It also develops an
internally generated pipeline of naturally occurring viruses
called bacteriophage (Phage) for the treatment of bacterial
infection, such as drug-resistant strains of bacteria that are
commonly found in the hospital setting.  The company's Phage
discovery also focuses on acute & chronic lung, sinus and
gastrointestinal infections.  AmpliPhi Biosciences was founded in
March 1989 and is headquartered in Glen Allen, Virginia.

The Company reported a net loss of $57.65 million on $325,000 of
total revenue for the year ended Dec. 31, 2013, compared with a
net loss of $1.11 million on $664,000 of total revenue in 2012.

The Company's balance sheet at Dec. 31, 2013, showed
$37.85 million in total assets, $53.25 million in total
liabilities, and a stockholders' deficit of $15.4 million.

PBMares, LLP, in Richmond, Virginia, 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 had recurring losses from operations and has an
accumulated deficit that raise substantial doubt about its ability
to continue as a going concern.


ARCH COAL: Bank Debt Trades at 15% Off
--------------------------------------
Participations in a syndicated loan under which Arch Coal Inc. is
a borrower traded in the secondary market at 85.20 cents-on-the-
dollar during the week ended Friday, October 17, 2014, according
to data compiled by LSTA/Thomson Reuters MTM Pricing and reported
in The Wall Street Journal.  This represents a decrease of 4.68
percentage points from the previous week, The Journal relates.
Arch Coal Inc. pays 500 basis points above LIBOR to borrow under
the facility.  The bank loan matures on May 17, 2018, and carries
Moody's B1 rating and Standard & Poor's B+ rating.  The loan is
one of the biggest gainers and losers among 205 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, Oct. 17, 2014.


ASR 2401 FOUNTAINVIEW: Meeting of Creditors Set for Nov. 3
----------------------------------------------------------
The meeting of creditors of ASR 2401 Fountainview, LLC is set to
be held on Nov. 3, at 3:00 p.m., according to a filing with the
U.S. Bankruptcy Court for the Southern District of Texas.

The meeting will be held at Suite 3401, 515 Rusk Ave, in Houston,
Texas.

The court overseeing the bankruptcy case of a company schedules
the meeting of creditors usually about 30 days after the
bankruptcy petition is filed.  The meeting is called the "341
meeting" after the section of the Bankruptcy Code that requires
it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                   About ASR 2401 Fountainview

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.


ASSOCIATED WHOLESALERS: U.S. Trustee Balks At Executive Bonus Plan
------------------------------------------------------------------
Law360 reported that the U.S. Trustee took issue with Associated
Wholesalers Inc.'s proposals to pay its management bonuses,
arguing the incentive plans are pay-to-stay arrangements, with one
of them compensating senior executives for simply being present
when a sale closes.  According to the report, in motions before
the Delaware bankruptcy court that hit on several of the same
points, the bankruptcy watchdog agency, along with several
Teamsters unions and the Local 11 Pension, argued that AWI's sale
incentive plan and budget incentive plan -- which could cover up
to 15 of the debtors directors, managers and officers -- don't
pass muster under the Bankruptcy Code that requires the
compensation to be predicated by difficult to reach goals.

                  About Associated Wholesalers

Founded in 1962 and headquartered in Robesonia, Pennsylvania,
Associated Wholesalers Inc. services 800 supermarkets, specialty
stores, convenience stores and superettes with grocery, meat,
produce, dairy, frozen foods and general merchandise/health and
beauty care products.  AWI, which owns distribution facilities in
Robesonia, Pennsylvania, and York, Pennsylvania, serves the mid-
Atlantic United States.  AWI is owned by its 500 retail members,
who in turn operate supermarkets.  AWI has 1,459 employees.

White Rose Inc. is a food wholesaler and distributor serving the
greater New York metropolitan area.  The company traces its
origins to 1886, when brothers Joseph and Sigel Seeman founded
Seeman Brothers & Doremus to provide grocery deliveries throughout
New York City.  White Rose carries out its operations through
three leased warehouse and distribution centers, two of which are
located in Carteret, New Jersey, and one in Woodbridge, New
Jersey.  White Rose has 777 employees.

Associated Wholesalers and its affiliates sought Chapter 11
bankruptcy protection on Sept. 9, 2014, to sell their assets under
11 U.S.C. Sec. 363 to C&S Wholesale Grocers, absent higher and
better offers.

The Debtors have sought joint administration of their Chapter 11
cases for procedural purposes, seeking to maintain all pleadings
on the case docket for AWI Delaware, Inc., Bankr. D. Del. Case No.
14-12092.

As of the Petition Date, the Debtors owe the Bank Group
(consisting of lenders, Bank of America, N.A., Bank of American
Securities LLC as sole lead arranger and joint book runner, Wells
Fargo Capital Finance, LLC as joint book runner and syndication
agent, and RBS Capita, as documentation agent) an aggregate
principal amount of not less than $131,857,966 (inclusive of
outstanding letters of credit), plus accrued interest.  The
Debtors estimate trade debt of $72 million.

Saul Ewing LLP and Rhoads & Sinon LLP are serving as legal
advisors to the Debtors, Lazard Middle Market is serving as
financial advisor, and Carl Marks Advisors is serving as
restructuring advisor to AWI.  Carl Marks' Douglas A. Booth has
been tapped as chief restructuring officer.  Epiq Systems serves
as the claims agent.


ATLANTIC RETAIL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Atlantic Retail Construction, Inc.
        6716 US Hwy 158
        Stokesdale, NC 27357

Case No.: 14-11216

Chapter 11 Petition Date: October 16, 2014

Court: United States Bankruptcy Court
       Middle District of North Carolina (Greensboro)

Debtor's Counsel: Katherine J. Clayton, Esq.
                  BROOKS PIERCE MCLENDON HUMPHREY & LEONARD, LLP
                  P.O. Box 1800
                  Raleigh, NC 27602
                  Tel: 919-839-0300
                  Fax: 919-839-0304
                  Email: kclayton@brookspierce.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Matthew C. Moorefield, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ncmb14-11216.pdf


ATRINSIC INC: Files Fiscal 2014 Form 10-K
-----------------------------------------
Atrinsic, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$1.12 million on $0 of revenues for the period from July 12, 2013,
to June 30, 2014.  For the period from July 1, 2013, to July 11,
2013, the Company posted net income of $778,000 on $0 of revenues.

The Company also reported a net loss of $1.02 million on $85,000
of revenues for the year ended June 30, 2013.

As of June 30, 2014, the Company had $246,000 in total assets,
$316,000 in total liabilities and a $70,000 total shareholders'
deficit.

Marcum 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
continued to incur net losses through June 30, 2014, and have yet
to establish profitable operations.  These factors among others
create a substantial doubt about the Company's ability to continue
as a going concern.

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

                       http://is.gd/mOGbJg

                          About Atrinsic

Atrinsic Inc.'s principal asset is a 51% membership interest in
Momspot, which is in the process of developing an online
affiliated marketing network targeting the Mommy Market.  The
Company does not conduct any other business activity, directly or
indirectly.

On June 15, 2012, the Company filed a Chapter 11 petition in the
United States Bankruptcy Court in Southern District of New York
(Case No. 12-12553).  As of that date, the Company terminated all
remaining employees, and ceased its normal business operations.

The Company emerged from Chapter 11 on June 26, 2013, at which
time the Plan of Reorganization was conditionally confirmed by the
United States Bankruptcy Court, Southern District of New York.
The confirmation was subject to the consummation of the Company's
acquisition of a 51% controlling interest in Momspot LLC, which
was subsequently completed on July 12, 2013.  The Emergence Date
was the date the Company adopted fresh start accounting in
accordance with Financial Accounting Standards Board Accounting
Standards Codification Topic 852.  The adoption of fresh-start
accounting resulted in the Company becoming a new entity for
financial reporting purposes.  Accordingly, the financial
statements on or prior to July 12, 2013, are not comparable with
the financial statements for periods after July 12, 2013.


AURA SYSTEMS: Incurs $4.1 Million Net Loss in Second Quarter
------------------------------------------------------------
Aura Systems, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4.10 million on $510,550 of net revenues for the three months
ended Aug. 31, 2014, compared to a net loss of $3.73 million on
$615,389 of net revenues for the same period in 2013.

For the six months ended Aug. 31, 2014, the Company reported a net
loss of $8.11 million on $960,522 of net revenues compared to a
net loss of $6.71 million on $1.42 million of net revenues for the
six months ended Aug. 31, 2013.

As of Aug. 31, 2014, the Company had $1.45 million in total
assets, $35.07 million in total liabilities and a $33.62 million
total stockholders' deficit.

The Company had cash of approximately $34,000 and $41,000 as of
Aug. 31, 2014, and Feb. 28, 2014, respectively.  The Company had a
working capital deficit at Aug. 31, 2014, and Feb. 28, 2014, of
$30,629,679 and $28,134,537, respectively.

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

                        http://is.gd/k8Jfqp

                         About Aura Systems

El Segundo, Calif.-based Aura Systems, Inc., designs, assembles
and sells the AuraGen(R), its patented mobile power generator that
uses a prime mover such as the engine of a vehicle to generate
power.

Aura Systems incurred a net loss of $13.95 million for the year
ended Feb. 28, 2014, as compared with a net loss of $15.14 million
for the year ended Feb. 28, 2013.

Kabani & Company, Inc., in Los Angeles, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Feb. 28, 2014.  The independent
auditors noted that the Company has historically incurred
substantial losses from operations, and may not have sufficient
working capital or outside financing available to meet its planned
operating activities over the next twelve months.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


BERNARD L. MADOFF: 2nd Circ. Eyes Investors' Interest Claims
------------------------------------------------------------
Law360 reported that a federal appellate panel expressed
skepticism that it could order the payment of interest to early
investors in Bernie Madoff's Ponzi scheme despite their lawyers'
pleas for ?fairness? in making whole those who long ago trusted
the fraudster.  According to the report, the jilted investors were
before Second Circuit Judges Debra Ann Livingston, Chester J.
Straub and Richard C. Wesley, with the latter two repeatedly
doubting their authority -- and the rationale -- for potentially
authorizing such a change to the payout formula being used by the
trustee.

                     About Bernard L. Madoff

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

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

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

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

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

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

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


BIOFUEL ENERGY: Subscription Rights Delisted From NASDAQ
--------------------------------------------------------
The NASDAQ Stock Market LLC filed a Form 25 with the U.S.
Securities and Exchange Commission to remove from listing or
registration BioFuel Energy Corp.'s subscription rights.

                        About Biofuel Energy

Denver, Colo.-based BioFuel Energy Corp. (Nasdaq: BIOF) --
http://www.bfenergy.com/-- aims to become a leading ethanol
producer in the United States by acquiring, developing, owning and
operating ethanol production facilities.  It currently has two
115 million gallons per year ethanol plants in the Midwestern corn
belt.

Biofuel Energy incurred a net loss of $45.65 million in 2013, a
net loss of $46.32 million in 2012 and a net loss of $10.36
million in 2011.  The Company's balance sheet at June 30, 2014,
showed $8.84 million in total assets, $1.40 million in total
liabilities and $7.43 million in total equity.


BIOLIFE SOLUTIONS: Signs Indemnification Agreements With D&Os
-------------------------------------------------------------
The Board of Directors of BioLife Solutions, Inc., adopted a form
of indemnification agreement, which was subsequently entered into
with each of the Company's directors and its chief executive
officer, chief financial officer, chief operating officer and
chief technology officer.  The current Indemnitees are Raymond
Cohen, Joseph Schick, Rick Stewart, Andrew Hinson, Michael Rice,
Daphne Taylor, Joe Annicchiarico and Aby Mathew.

The Indemnification Agreement requires the Company to indemnify
each Indemnitee to the fullest extent permitted by applicable law
and to any greater extent as such law may thereafter be amended to
increase the scope of such permitted indemnification.  Among other
things, if the Indemnitee meets the standard of conduct under
applicable law, the Company must indemnify the Indemnitee against
certain expenses (including attorney's fees), damages, losses,
liabilities, judgments, fines and other amounts paid or payable in
settlement for any claim by reason or arising out of the fact that
Indemnitee is or was a director, officer, employee or agent of the
Company or is or was serving at the request of the Company as a
director, officer, employee or agent of another entity.  The
Indemnification Agreement also provides that the Indemnitee has
the right to advancement by the Company of any and all expenses
actually and reasonably paid or incurred by the Indemnitee, and
requires that that Indemnitee repay such amounts to the Company if
the Indemnitee is ultimately determined not to be entitled to
indemnification from the Company.

                      About BioLife Solutions

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

BioLife Solutions incurred a net loss of $1.08 million in 2013,
a net loss of $1.65 million in 2012, and a net loss of $1.95
million in 2011.

The Company's balance sheet at June 30, 2014, showed $14.80
million in total assets, $1.40 million in total liabilities and
$13.39 million in total shareholders' equity.


BOOMERANG SYSTEMS: Extends Tender Offer Until October 31
--------------------------------------------------------
Boomerang Systems, Inc., filed an amendment No. 4 to Schedule TO
which amends and supplements the Tender Offer Statement on
Schedule TO originally filed with the Securities and Exchange
Commission on July 11, 2014, as amended.

The Schedule TO relates to the right of holders of certain of its
unsecured convertible promissory notes and outstanding warrants to
purchase common stock to exchange those notes and warrants for
shares of common stock of the Company.

The amendment extends the expiration of the Offer to
Oct. 31, 2014.  As of Oct. 15, 2014, the Company has received
Elections to Participate from holders of 65.48 First Tranche
Units, 45.50 Second Tranche Units and 24.45 Third Tranche Units.
Additionally, the amendment gives effect to anti-dilution
adjustments as of Sept. 30, 2014, with respect to the number of
warrants to purchase shares of common stock of the Company in each
unit and the exercise price for that unit.

                      About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems incurred a net loss of $11.22 million for the
year ended Sept. 30, 2013, following a net loss of $17.42 million
for the year ended Sept. 30, 2012.

As of June 30, 2014, the Company had $5.54 million in total
assets, $24.56 million in total liabilities and a $19.02 million
total stockholders' deficit.

                         Bankruptcy Warning

"Our operations may not generate sufficient cash to enable us to
service our debt.  If we were to fail to make any required payment
under the Loan Agreement, notes and agreements governing our
indebtedness or fail to comply with the covenants contained in the
Loan Agreement, notes and agreements, we would be in default.  A
debt default could significantly diminish the market value and
marketability of our common stock and could result in the
acceleration of the payment obligations under all or a portion of
our consolidated indebtedness, or a renegotiation of our Loan
Agreement with more onerous terms and/or additional equity
dilution.  If the debt holders were to require immediate payment,
we might not have sufficient assets to satisfy our obligations
under the Loan Agreement, notes or our other indebtedness.  It may
also enable their lenders under the Loan Agreement to foreclose on
the Company's assets and/or its ownership interests in its
subsidiaries.  In such event, we could be forced to seek
protection under bankruptcy laws, which could have a material
adverse effect on our existing contracts and our ability to
procure new contracts as well as our ability to recruit and/or
retain employees.  Accordingly, a default could have a significant
adverse effect on the market value and marketability of our common
stock," the Company said in the annual report for the year ended
Sept. 30, 2013.


BROWNIE'S MARINE: Alex Purdon Stake at 8.6% as of Sept. 30
----------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Alexander Fraser Purdon disclosed that as of
Sept. 30, 2014, he beneficially owned 6,800,955 shares of common
stock of Brownie's Marine Group, Inc., representing 8.63 percent
of the shares outstanding.

Since March 8, 2012, the Company has agreed to pay Mr. Purdon's
bonus compensation in restricted shares of common stock, in lieu
of cash.  The number of shares paid is based on the weighted
average sale price per share reported on the OTC Markets during
the month the bonus was earned.

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

                         http://is.gd/PBkcUd

                        About Brownie's Marine

Brownie's Marine Group, Inc., does business through its wholly
owned subsidiary, Trebor Industries, Inc., d/b/a Brownie's Third
Lung, a Florida corporation.  The Company designs, tests,
manufactures and distributes recreational hookah diving, yacht
based scuba air compressor and nitrox generation systems, and
scuba and water safety products.  BWMG sells its products both on
a wholesale and retail basis, and does so from its headquarters
and manufacturing facility in Fort Lauderdale, Florida.  The
Company's common stock is quoted on the OTC BB under the symbol
"BWMG".  The Company's Web site is
http://www.browniesmarinegroup.com/

Brownie's Marine reported a net loss of $788,286 in 2013, as
compared with a net loss of $2.01 million in 2012.

The Company's balance sheet at June 30, 2014, showed $1.09 million
in total assets, $1.57 million in total liabilities and a $472,386
total stockholders' deficit.

Brownie's Marine said in its quarterly report on Form 10-Q for the
period ended June 30, 2014, that it may be required to scale back
or cease operations, liquidate its assets and possibly seek
bankruptcy protection if it fails to raise additional funds
when needed.


BUILDING #19: Local Co. Eying $1.9 Parcel in Narragansett Park
--------------------------------------------------------------
A local company is tentatively set to acquire the former Building
#19 in the Narragansett Business Park, Ethan Shorey at the Valley
Breeze reports, citing Neil Amper of Capstone Properties, who is
in charge of the sale for Building #19, Inc.

Valley Breeze relates that the 19-acre parcel off Narragansett
Park Drive and Newport Avenue -- the former site of the
Narragansett Park horse racing track -- is currently listed on the
online commercial property website Loopnet for $1.9 million.  Mr.
Amper said the property was initially listed for $2.2 million,

According to Valley Breeze, Mr. Amper gave no additional details.
"We're still in the process of trying to finalize a transaction,"
the report quoted Mr. Amper as saying.

Mayor Donald Grebien's spokesperson, Dylan Zelazo, said that there
have been "numerous interested investors" since the building went
up for sale, Valley Breeze reports.

                     About Building #19, Inc.

Building #19, Inc., and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code on Nov. 1, 2013 (Bankr. D. Mass.
Case No. 13-16429).  The other debtors are (a) Paperworks #19,
Inc., Case No. 13-16430; (b) Beth's Basics, Inc., Case No.
13-16433; (c) Furniture #19, Inc., Case No. 13-16431; (d) PB&J
Kids #19, Inc., Case No. 13-16434; and (e) Footwear #19 Plus, Inc.
Case No. 13-16432.

Donald Ethan Jeffery, Esq., and Harold B. Murphy, Esq., at Murphy
& King, Professional Corporation, in Boston, Massachusetts, serve
as the Debtors' bankruptcy counsel. The Tron Group, LLC, serve as
their financial advisers.

The U.S. Trustee for Region 1 appointed five members to the
official committee of unsecured creditors.  The Committee retained
Duane Morris LLP as its counsel.  Newburg & Company LLP is the
financial advisors to the Committee.


CHESAPEAKE ENERGY: S&P Revises Outlook to Pos. & Affirms 'BB+' CCR
------------------------------------------------------------------
Standard & Poor's Ratings Services revised the rating outlook on
Chesapeake Energy Corp. to positive from stable.  S&P also
affirmed its 'BB+' corporate credit rating on Chesapeake and its
'BB+' issue-level rating on the company's senior unsecured debt.
The recovery rating on the debt remains '3', which indicates S&P's
expectation for a meaningful (50% to 70%) recovery in the event of
a default.  In addition, S&P affirmed its 'B+' issue rating on
Chesapeake's preferred stock.

Chesapeake Energy Corp. and Southwestern Energy Co. have announced
an agreement whereby Chesapeake is to sell its assets in the
Southern Marcellus Shale and a portion of its assets in the
Eastern Utica Shale to Southwestern for $5.375 billion.  The
company expects the transaction to close by year-end.

"Completion of the Southern Marcellus divestiture should provide
Chesapeake with sufficient wherewithal to reduce financial
leverage to a greater extent than assumed in S&P's base case
scenario, but management has not clarified the specific use of
proceeds, and we perceive there to be uncertainty on this point,"
said Standard & Poor's credit analyst Scott Sprinzen.

S&P currently expects that if Chesapeake were to take actions that
resulted in an incremental reduction of debt and debt-like
liabilities of more than $5 billion -- such that debt and debt-
like liabilities totaled less than $11 billion -- then debt to
EBITDA would be sustainably below 2x over the next two years.
This could result in an upgrade and the revision of S&P's
financial risk profile assessment to significant from aggressive.

On the other hand, the rating could be jeopardized if, contrary to
S&P's expectations, there were some combination of a failure to
complete pending asset sales, operating setbacks, or a growth
strategy and financial policy that were more aggressive than S&P
now anticipates.


CHESAPEAKE ENERGY: Moody's Affirms Ba1 CFR; Outlook Positive
------------------------------------------------------------
Moody's Investors Service changed Chesapeake Energy Corporation's
rating outlook to positive from stable. Moody's also affirmed
Chesapeake's Ba1 Corporate Family Rating (CFR), Ba1 senior
unsecured notes ratings and SGL-2 Speculative Grade Liquidity
Rating. This rating action is in response to the company's
announcement that it has agreed to sell its southern Marcellus
Shale properties and a portion of its eastern Utica Shale
properties to Southwestern Energy Company (Southwestern, Baa3
stable) for $5.375 billion in cash.

"This large asset sale greatly increases Chesapeake's financial
flexibility to pursue future leverage reduction and invest in its
core growth properties," commented Pete Speer, Moody's Senior Vice
President. "The positive rating outlook reflects the company's
potential to strengthen its financial profile and improve its
operating cost structure and investment returns to levels
consistent with a Baa3 rating over the next year to eighteen
months."

Ratings Rationale

Chesapeake announced that it has executed a purchase and sale
agreement to sell approximately 413,000 net acres and
approximately 1,500 wells in northern West Virginia and southern
Pennsylvania, of which 435 are in the Marcellus and Utica
formations, along with related property, plant and equipment.
Chesapeake still retains its large Marcellus Shale acreage
position in northeastern Pennsylvania along with its Utica Shale
properties in Ohio. The transaction, which is subject to certain
customary closing conditions, including the receipt of third-party
consents, is expected to close in the fourth quarter of 2014.

The $5.375 billion cash proceeds will initially augment
Chesapeake's good liquidity profile while also enhancing its
financial flexibility to reduce debt or debt like obligations and
fund organic production growth in 2015. The properties being sold
are a small portion of Chesapeake's diversified property
portfolio, representing about 8% of Chesapeake's current
production and its proved reserves at December 31, 2013. The
company still has numerous oil and natural gas liquids focused
development plays to invest in, including the Eagle Ford, Utica
and Powder River Basin. Chesapeake also has natural gas options in
the portfolio, including its northern Marcellus and Haynesville
acreage.

Chesapeake's Ba1 CFR incorporates the benefits of its very large
proved reserve and production scale, sizable high quality acreage
positions in multiple basins across the US, and competitive
drillbit finding and development (F&D) costs. The rating also
reflects the company's improving leverage metrics and declining
financial complexity. The ratings are restrained by the company's
still high exposure to natural gas and low price realizations
caused by a relatively high cost burden for gathering and
transporting its production. While Chesapeake has benefited from
stronger natural gas prices in 2014, its cash margins, leveraged
full-cycle returns and cash flow coverage of debt remain weaker
than most investment grade rated peers.

If Chesapeake can increase its cash margins and returns while
continuing to achieve its organic reserves and production growth
targets and improving its leverage metrics then the ratings could
be upgraded to Baa3. A leveraged full-cycle ratio approaching 2x
with retained cash flow (RCF)/debt sustained above 40% could
result in a ratings upgrade. Conversely, a significant increase in
financial leverage could pressure the ratings. RCF/debt below 25%,
debt/PD above $10/boe, or debt/average daily production above
$25,000/boe could result in a ratings downgrade.

Outlook Actions:

Issuer: Chesapeake Energy Corporation

Outlook, Changed To Positive From Stable

Affirmations:

Issuer: Chesapeake Energy Corporation

Probability of Default Rating, Affirmed Ba1-PD

Speculative Grade Liquidity Rating, Affirmed SGL-2

Corporate Family Rating (Local Currency), Affirmed Ba1

Senior Unsecured Conv./Exch. Bond/Debenture (Local Currency),
Affirmed Ba1 (LGD4)

Senior Unsecured Regular Bond/Debenture (Local Currency),
Affirmed Ba1 (LGD4)

Senior Unsecured Shelf (Local Currency) Aug 6, 2016, Affirmed
(P)Ba1

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.

Chesapeake Energy Corporation is an independent exploration and
production company based in Oklahoma City, Oklahoma.


CHESTNUT ST TOWNHOUSES: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: Chestnut St Townhouses, LLC
        30 E. Maplewood Avenue
        Mechanicsburg, PA 17055

Case No.: 14-04797

Chapter 11 Petition Date: October 16, 2014

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Judge: Hon. Robert N Opel II

Debtor's Counsel: Markian R Slobodian, Esq.
                  LAW OFFICES OF MARKIAN R. SLOBODIAN
                  801 North Second Street
                  Harrisburg, PA 17102
                  Tel: 717 232-5180
                  Fax: 717 232-6528
                  Email: law.ms@usa.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Sopensky, member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/pamb14-04797.pdf


CHINA PRECISION: Incurs $37.5 Million Net Loss in Fiscal 2014
-------------------------------------------------------------
China Precision Steel, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K disclosing
a net loss of $37.51 million on $47.19 million of sales revenues
for the year ended June 30, 2014, compared to a net loss of $68.93
million on $36.52 million of sales revenues in 2013.

The Company's balance sheetat June 30, 2014, showed $77.85 million
in total assets, $63.20 million in total liabilities, all current,
and $14.64 million in total stockholders' equity.

MSPC Certified Public Accountants and Advisors, A Professional
Corporation, 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
suffered very significant losses for the years ended June 30,
2014, and 2013, respectively.  Additionally, the Company defaulted
on interest and principal repayments of bank borrowings that raise
substantial doubt about its ability to continue as a going
concern.

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

                       http://is.gd/jCmA0D

                   About China Precision Steel

China Precision Steel -- http://chinaprecisionsteelinc.com-- is a
niche precision steel processing company principally engaged in
the production and sale of high precision cold-rolled steel
products and provides value added services such as heat treatment
and cutting medium and high carbon hot-rolled steel strips. China
Precision Steel's high precision, ultra-thin, high strength (7.5
mm to 0.05 mm) cold-rolled steel products are mainly used in the
production of automotive components, food packaging materials, saw
blades, steel roofing and textile needles.  The Company sells to
manufacturers in the People's Republic of China as well as
overseas markets such as Nigeria, Ethiopia, Thailand and
Indonesia.  China Precision Steel was incorporated in 2002 and is
headquartered in Sheung Wan, Hong Kong.


CITADEL PLASTICS: Moody's Assigns B2 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service has assigned a corporate family rating
(CFR) of B2 and a probability of default rating (PDR) of B2-PD to
Citadel Plastics Holdings, Inc (Citadel Plastics). The outlook on
the ratings is stable. Concurrently, Moody's has assigned a B2
rating to Citadel Plastics' proposed $330 million first-lien
senior secured credit facility due 2020, and a Caa1 rating to the
company's proposed $100 million second-lien senior secured credit
facility due 2021. The $330 million first-lien senior secured
credit facility consists of a $30 million revolving credit
facility (RCF), and a $300 million term loan facility. This is the
first time that Moody's has publicly assigned ratings to Citadel
Plastics, and all ratings are subject to the receipt of final debt
documentation.

Citadel Plastics plans to acquire The Composites Group (TCG,
unrated), a US-headquartered manufacturer of thermoset product
solutions. The TCG acquisition (the transaction) is expected to
close in early November 2014. Moody's understands that the
proceeds from the proposed senior secured credit facilities will
be used to repay existing debt, fund the acquisition of TCG, and
pay fees and expenses related to the transaction.

"While Citadel Plastics is well positioned in the North American
thermoset and thermoplastics materials space, the B2 CFR primarily
reflects the company's acquisitive nature and resulting elevated
leverage," says Anthony Hill, a Moody's Vice President
-- Senior Credit Officer and lead analyst for Citadel Plastics.

Citadel Plastics is owned by funds managed or advised by private
equity firms HGGC, LLC and Charlesbank Capital Partners, LLC, both
unrated.

Assignments:

Issuer: Citadel Plastics Holdings, Inc.

Corporate Family Rating, Assigned B2

Probability of Default Rating, Assigned B2-PD

$30 million Senior Secured Bank Credit Facility, Assigned B2
LGD3

$300 million Senior Secured Bank Credit Facility, Assigned B2
LGD3

$100 million Senior Secured Bank Credit Facility, Assigned Caa1
LGD5

Rating Rationale

The B2 CFR assigned to Citadel Plastics reflects the company's
acquisitive nature, limited operating history, and its elevated
leverage, which Moody's expects will be around 5.2x debt/EBITDA
(on a Moody's-adjusted basis) for the financial year-end (FYE)
December 2014 and pro forma for acquisition. Citadel Plastics'
rating is also constrained by its modest size, the commodity
nature of its products, exposure to volatile raw material costs,
customer concentration, lower margins (mainly in the
thermoplastics business), and a history of limited free cash flow
generation.

Regarding its acquisitive nature, Citadel Plastics' growth
strategy is based on opportunistic acquisitions, and Moody's notes
that there are significant risks associated with the execution of
this strategy. These risk mainly stem from the fragmented nature
of the thermoset and thermoplastic markets, and customer
qualification requirements associated with both applications.

However, more positively, the B2 CFR also reflects Moody's view
that Citadel Plastics, with its already meaningful market share in
thermoset and thermoplastic materials space, will see its scale
and earnings diversity improve with the acquisition of TCG --
especially in the higher margin thermoset space. Additionally,
Citadel Plastics' rating is supported by the company's solid and
improving technical capabilities as well as the company's stable
and ongoing customer relationships.

Citadel Plastics' liquidity is supported by its undrawn $30
million RCF and cash flow from operations. Moody's expects the
company to generate positive free cash flow through 2015 as its
end markets continue to recover from the slow-down experienced at
the end of 2012 and resin prices remain subdued. Moody's expects
Citadel Plastics to maintain a modest cash balance, and the RCF is
available to support fluctuations in working capital requirements,
but is expected to be largely undrawn over the coming quarters.

Moody's expects Citadel Plastics to fund capital expenditures from
its operating cash flow and that it will not pay a dividend
through at least 2015. The rating agency understands that the
senior secured credit facility will have limited covenants with
sufficient headroom through at least 2015. The credit facility
terms include an equity cure provision. An excess cash flow sweep
pays down credit facility borrowings using 50% of excess cash flow
with a step-down to 25% when senior leverage is below 3.25x
debt/EBITDA (on an unadjusted basis).

Using Moody's Loss Given Default (LGD) methodology, the PDR is
equal to the CFR. This is based on a 50% recovery rate, primarily
due to the covenant-lite structure of the senior secured credit
facilities. The RCF and term loan facility are also rated B2. In
Moody's opinion, the level of collateral backing Citadel Plastics'
debt is not adequate to warrant any upward notching of the ratings
of the first-lien senior secured credit facility. The subordinated
$100 million second-lien senior secured credit facility is rated
Caa1, two notches below the CFR. The second-lien senior secured
credit facility is notched downwards from the CFR due to its
subordinated ranking in the capital structure.

The stable outlook reflects Moody's expectation that, pro forma
for the transaction, Citadel Plastics will maintain its current
level of profitability, generate positive free cash flow, and
modestly delever over the coming quarters.

The ratings have limited upside potential given Citadel Plastics'
leverage, size, and the commodity nature of its products; however,
the rating agency could upgrade Citadel Plastics' ratings if (1)
financial leverage were to fall sustainably below 4.0x
debt/EBITDA; and (2) retained cash flow to debt were to approach
12%, all on a Moody's-adjusted basis.

Conversely, Moody's would consider downgrading Citadel Plastics'
ratings if the company's credit metrics and liquidity profile
deteriorate due to weakening operational performance or
acquisitions. Quantitatively, Moody's would consider downgrading
Citadel Plastics' rating if (1) its EBITDA margin falls
sustainably below 12%; or (2) its free cash flow turns sustainably
negative; or (3) its debt/EBITDA ratio rises sustainably above
5.5x, all on a Moody's-adjusted basis.

Headquartered in Illinois, US, Citadel Plastics is a major
manufacturer of thermoset and thermoplastic compound resins and
product solutions. Since 2007, the company has grown rapidly
through acquisitions. For the twelve months ending August 2014 and
pro forma for the transaction, Citadel Plastics' revenues are
approximately $525 million.

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


COLLAVINO CONSTRUCTION: Case Summary & 20 Top Unsec. Creditors
--------------------------------------------------------------
Debtor: Collavino Construction Company Inc.
        30 Montgomery Street, Suite 604
        Jersey City, NJ 07302

Case No.: 14-12908

Chapter 11 Petition Date: October 17, 2014

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

Judge: Hon. Shelley C. Chapman

Debtor's Counsel: Elizabeth Aboulafia, Esq.
                  CULLEN AND DYKMAN LLP
                  100 Quentin Roosevelt Boulevard, Suite 402
                  Garden City, NY 11530
                  Tel: 516-296-9124
                  Fax: 516-357-3699
                  Email: eaboulafia@cullenanddykman.com

                    - and -

                  C. Nathan Dee, Esq.
                  Matthew G. Roseman, Esq.
                  CULLEN AND DYKMAN LLP
                  100 Quentin Roosevelt Blvd
                  Garden City, NY 11530-4850
                  Tel: (516) 357-3700
                  Fax: (516) 393-8282
                  Email: ndee@cullenanddykman.com
                         mroseman@cullenanddykman.com
                         cdee@cullenanddykman.com

Debtor's          PECKAR & ABRAMSON, P.C.,
Special
Litigation
Counsel:

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Renzo Collavino, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nysb14-12908.pdf


CRAIGHEAD COUNTY FAIR: Section 341(a) Meeting Set for Nov. 21
-------------------------------------------------------------
A meeting of creditors in the bankruptcy case of Craighead County
Fair Association will be held on Nov. 21, 2014, at 11:00 a.m. at
Jonesboro First Meeting Room.

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

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

                    About Craighead County Fair

Craighead County Fair Association filed a bare-bones Chapter 11
bankruptcy petition (Bankr. E.D. Ark. Case No. 14-15490) in
Jonesboro, Arkansas, on Oct. 13, 2014.

The Debtor, which is doing business as the Northeast Arkansas
District Fair, estimated $10 million to $50 million in assets and
debt.  The case is assigned to Judge Audrey R. Evans.

The Debtor is represented by James F. Dowden, Esq., at James F.
Dowden, P.A., in Little Rock, Arkansas, as counsel.


DETROIT, MI: To Demolish Joe Louis Arena, Give Land to FGIC
-----------------------------------------------------------
Matthew Dolan, writing for The Wall Street Journal, reported that
Detroit is on the verge of a mostly amicable end to its historic
bankruptcy case, with its largest holdout creditor unveiling a
deal to stop fighting and instead take a major stake in the city?s
revival.  According to the report, under the plan, the city will
knock down its fabled but soon-to-be vacant Joe Louis Arena, home
of the Detroit Red Wings professional hockey team, to make way for
redevelopment led by Financial Guarantee Insurance Co., which the
city owes about $1 billion.  The bond insurer is now planning to
enter a new development deal for the right to build a hotel,
riverfront condominiums and retail stores on the site of Joe Louis
arena, the report related.

                 About City of Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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

                           *     *     *

Standard & Poor's Ratings Services, on Sept. 5, 2014, raised its
ratings on five bond CUSIPs of Detroit's outstanding sewerage
disposal and water supply revenue bonds to 'BBB+' from 'D' as S&P
indicated it would do in its report dated Aug. 28, 2014.  The
outlook is stable.

The Troubled Company Reporter, on Oct. 10, 2014, reported that
Moody's Investors Service has placed the City of Detroit's (MI)
Certificates of Participation (COPs) Ca rating on review for
possible downgrade. This action follows the recent settlement
announcement between the city and Syncora, which insures a portion
of the city's outstanding COPs. The settlement includes a cash
payment, as well as extended and optional stakes in city owned
assets. Moody's said it is likely that the recovery for creditors
will be below 35% and as a result consistent with a C rating. The
review will be resolved if and when a settlement with FGIC, the
other main insurer of the city's COPs liabilities, is made public.


DIALOGIC INC: Wells Fargo Consents to Merger With Novacap
---------------------------------------------------------
Dialogic Inc. had entered into a definitive merger agreement with
entities affiliated with Novacap TMT IV, L.P., an investment fund
focused on technology, media and telecommunications and part of
the Novacap group, a leading Canadian private equity firm, the TCR
reported on Oct. 14, 2014.  Under the terms of the Merger
Agreement, an affiliate of Novacap will commence a tender offer
for all outstanding shares of Dialogic common stock at an offer
price of $0.15 per share within 10 business days.

On Oct. 10, 2014, Dialogic Subsidiary and Wells Fargo Foothill
Canada ULC entered into a commitment letter under which Wells
Fargo agreed, in its capacity as agent under the Credit Agreement
dated March 5, 2008, to commit:

    (1) to consent to the Offer, the Merger, the Merger Agreement,
        the Exchange Agreement and the transactions contemplated
        thereby, which would otherwise result in events of default
        under the Revolving Credit Agreement; and

    (2) to continue to provide financing under the Revolving
        Credit Facility with a maturity date of March 31, 2015, up
        to an amount not to exceed $13 million and otherwise on
        the terms set forth in the Commitment Letter.

Concurrently with the execution and delivery of the Commitment
Letter, Dialogic Subsidiary, Dialogic and Wells Fargo entered into
a Twenty-Third Amendment to the Revolving Credit Agreement
pursuant to which the Revolving Credit Agreement was amended,
among other things, (1) to set the "Availability Block" at $1.75
million, which amount will reduce the "Borrowing Base" under the
Revolving Credit Agreement at all times, and (2) to set the
"Maximum Revolver Amount" at $13.0 million (or $12 million on and
at all times after Jan. 1, 2015).  Subject to the terms and
conditions of the Revolving Credit Agreement, the lenders
thereunder have agreed to advance funds to Dialogic Subsidiary in
an amount at any time outstanding not to exceed the lesser of the
Maximum Revolver Amount and the Borrowing Base.

A copy of the Agreement and Plan of Merger is available at:

                        http://is.gd/bnoSud

                          About Dialogic

Milpitas, Cal.-based Dialogic Inc. provides communications
platforms and technology that enable developers and service
providers to build and deploy innovative applications without
concern for the complexities of the communication medium or
network.

Dialogic reported a net loss of $53.93 million in 2013 following
a net loss of $37.61 million in 2012.  The Company's balance sheet
at June 30, 2014, showed $60.57 million in total assets, $134.74
million in total liabilities, and a $74.17 million total
stockholders' deficit.

The Company warned in its quarterly report for the period ended
June 30, 2014, that it would likely need to seek protection
under the provisions of the U.S. Bankruptcy Code or its affiliates
might be required to seek protection under the provisions of
applicable bankruptcy codes in other jurisdictions the event of an
acceleration of the Company's obligations under the Revolving
Credit Agreement or Term Loan Agreement prior to their maturity or
if the agreements are not extended or otherwise restructured as of
March 31, 2015, and the Company fails to pay the amounts that
would then become due.


DIALOGIC INC: Tennenbaum Capital Supports Merger Agreement
----------------------------------------------------------
Dialogic Inc., on Oct. 10, 2014, entered into an agreement and
plan of Merger with Dialogic Group Inc., a Canadian corporation
("Parent"), and Dialogic Merger Inc., a wholly owned subsidiary of
Parent ("Sub").  Parent and Sub are affiliates of Novacap TMT, a
Canadian private equity firm.

Pursuant to the Merger Agreement, Sub will commence a tender offer
within 10 business days after the execution of the Merger
Agreement to purchase all of the outstanding shares of the Common
Stock at a purchase price of $0.15 per share, net to the seller
thereof in cash without interest and less any applicable
withholdings.  The Offer will remain open for a minimum of 20
business days from commencement, subject to possible extension on
the terms set forth in the Merger Agreement.

Tennenbaum Capital Partners, LLC, disclosed that as of Oct. 10,
2014, it beneficially owned 12,542,161 shares of common stock of
Dialogic representing 63.1 percent of the shares outstanding.

As of Oct. 10, 2014, certain investment funds managed by
Tennenbaum Capital held loans in the aggregate principal amount of
approximately $87 million under the Third Amended and Restated
Credit Agreement dated as of March 22, 2012, as amended, among
Obsidian, LLC, as agent, the Term Lenders, as lenders, the Issuer
and Dialogic Corporation, a British Columbia corporation and
wholly owned subsidiary of the Issuer.

Substantially simultaneously with the execution and delivery of
the Merger Agreement, Parent, Sub, the Issuer, Dialogic
Subsidiary, Obsidian and the Term Lenders entered into an
Agreement to Exchange, Tender and Sell, pursuant to which the Term
Lenders agreed, on the terms and subject to the conditions set
forth in the Exchange Agreement:

   * to contribute certain of the Term Loans to the Company, prior
     to the closing of the Offer, in the aggregate principal
     amount of $8.75 million in exchange for an aggregate of
     58,333,333 shares of Common Stock at a conversion price equal
     to the Offer Price;

   * to tender all of the shares of Common Stock held by them in
     the Offer (including the shares of Common Stock issued
     pursuant to the Exchange Transaction);

   * to support and approve the Merger Agreement, the Offer, the
     Merger and the other transactions contemplated thereby;

   * to sell to Sub, prior to the closing of the Offer, all of the
     Term Loans other than the Exchange Term Loans for aggregate
     cash consideration of approximately $24.1 million; and

   * to cause the Company to redeem the single share of Series
     D-1 Preferred Stock of the Company, held by an investment
     fund managed by Tennenbaum, for $100, provided that pursuant
     to the Exchange Agreement such fund has waived its right to
     receive that amount in light of other consideration.

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

                         http://is.gd/oLlco8

                            About Dialogic

Milpitas, Cal.-based Dialogic Inc. provides communications
platforms and technology that enable developers and service
providers to build and deploy innovative applications without
concern for the complexities of the communication medium or
network.

Dialogic reported a net loss of $53.93 million in 2013 following
a net loss of $37.61 million in 2012.  The Company's balance sheet
at June 30, 2014, showed $60.57 million in total assets, $134.74
million in total liabilities, and a $74.17 million total
stockholders' deficit.

The Company warned in its quarterly report for the period ended
June 30, 2014, that it would likely need to seek protection
under the provisions of the U.S. Bankruptcy Code or its affiliates
might be required to seek protection under the provisions of
applicable bankruptcy codes in other jurisdictions the event of an
acceleration of the Company's obligations under the Revolving
Credit Agreement or Term Loan Agreement prior to their maturity or
if the agreements are not extended or otherwise restructured as of
March 31, 2015, and the Company fails to pay the amounts that
would then become due.


DOMARK INTERNATIONAL: Incurs $659,000 Net Loss in Aug. 31 Quarter
-----------------------------------------------------------------
Domark International, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $658,976 on $0 of sales for the three months ended
Aug. 31, 2014, compared to a net loss of $763,610 on $0 of sales
for the same period in 2013.

As of Aug. 31, 2014, the Company had $1.44 million in total
assets, $2.59 million in total liabilities and a $1.15 million
total stockholders' deficit.

"[T]he Company has inadequate working capital to maintain or
develop its operations, and is dependent upon funds from private
investors and the support of certain stockholders.  These factors
raise substantial doubt about the ability of the Company to
continue as a going concern," the Company stated in the Report.

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

                        http://is.gd/Hi0U6P

                     About Domark International

Based in Lake Mary, Florida, DoMark International, Inc., was
incorporated under the laws of the State of Nevada on March 30,
2006.  The Company was formed to engage in the acquisition and
refinishing of aged furniture using exotic materials and then
reselling it through interior decorators, high-end consignment
shops and online sales.  The Company abandoned its original
business of exotic furniture sales in May of 2008 and pursued the
acquisition of entities to best bring value to the company and its
shareholders.

The Company reported a net loss of $3.64 million for the fiscal
year ended May 31, 2014, compared to a net loss of $9.48 million
on $37,935 in 2013.


ECO BUILDING: Incurs $28.9 Million Net Loss in Fiscal 2014
----------------------------------------------------------
Eco Building Products, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K disclosing
a net loss of $28.94 million on $1.46 million of total revenue for
the year ended June 30, 2014, compared to a net loss of $24.59
million on $5.22 million of total revenue for the year ended
June 30, 2013.

The Company's balance sheet at June 30, 2014, showed $1.91 million
in total assets, $27.06 million in total liabilities and a $25.15
million total stockholders' deficit.  On June 30, 2014, the
Company had $375,066 in cash on hand.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, 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 generated minimal operating
revenues, losses from operations, significant cash used in
operating activities and its viability is dependent upon its
ability to obtain future financing and successful operations.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.

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

                        http://is.gd/VsBF96

                         About Eco Building

Vista, Calif.-based Eco Building Products is a manufacturer of
proprietary wood products treated with an eco-friendly proprietary
chemistry that protects against mold, rot, decay, termites and
fire.


ENDEAVOUR INT'L: To Grant Adequate Protection to Noteholders
------------------------------------------------------------
Endeavour International Corporation and its debtor-affiliates ask
the Bankruptcy Court for approval to grant certain adequate
protection and related relief to:

  (i) the holders of the 12% Notes due March 2018;

(ii) the holders of the 12% Notes due June 2018;

(iii) Wells Fargo Bank, National Association, in its capacities
as trustee under the March 2018 Notes and collateral agent with
respect to the Notes; and

  (iv) Wilmington Trust, N.A., in its capacity as trustee under
the June 2018 Notes.

Pursuant to pledged and security agreements signed May 31, 2012,
Endeavour Operating Corporation ("EOC") granted to the Collateral
Agent a security interest in its right, title and interest in
certain property, inter alia, 65% of the equity of non-debtor
affiliate Endeavour International Holding B.V. ("EIHBV"), all
indebtedness from time to time owed to EOC by a Foreign Subsidiary
and any instruments or agreements evidencing such indebtedness
(collectively, the "Prepetition Assigned Property").

The Debtors have agreed that the Noteholders and the Trustees are
entitled to receive the adequate protection for their respective
interests in the Prepetition Assigned Property.

Accordingly, the Debtors ask the Bankruptcy Court to enter a
stipulated order that provides:

   a. The Debtors will grant to the Collateral Agent (1) valid and
perfected replacement security interests in, and senior liens on,
the Prepetition Assigned Property, (2) valid and perfected
security interests in, and junior liens on all collateral pledged
to the Term Loan Lenders, and (3) valid and perfected security
interests in, and pari passu liens on, all of the interests of IEC
and END Management Company and Endeavour Energy New Ventures Inc.

   b. The Prepetition Noteholders and the Prepetition Notes
Trustees are each granted an allowed super-priority administrative
claim against the Debtors' estates under Section 507(b) of the
Bankruptcy Code to the extent that the Senior Replacement Liens,
Junior Adequate Protections Liens and the Pari Passu Adequate
Protection Liens do not adequately protect the diminution in the
value of the Prepetition Noteholders' interest in the Prepetition
Assigned Property.

   c. The Debtors have agreed to pay Wells Fargo, for itself and
its professionals, ongoing payments in cash on a current basis, no
less than monthly, in an amount equal to its reasonable and
documented fees, costs, and expenses incurred in connection with
the Debtors' chapter 11 cases; provided, however, the amount of
fees, costs, and expenses payable by the Debtors on a current
basis will not exceed $200,000 for the first month following the
Petition Date and $100,000 for each month thereafter.

   d. The Debtors are authorized and directed to pay Wilmington
Trust, for itself and its professionals, ongoing payments in cash
on a current basis, no less than monthly, in an amount equal to
its reasonable and documented fees, costs, and expenses incurred
in connection with the Debtors' chapter 11 cases; provided,
however, the amount of fees, costs, and expenses payable by the
Debtors on a current basis under this paragraph will not exceed
$150,000 for the first month following the Petition Date and
$75,000 for each month thereafter.

   e. The Adequate Protection Liens will be automatically released
upon the effective date of any chapter 11 plan of the Debtors.

A copy of the Debtors' motion and the proposed stipulated order is
available for free at

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

                 Prepetition Capital Structure

As of the Petition Date, Endeavour has $1.2 billion in debt
outstanding.  This amount excludes accrued interest, fees and
other amounts through the Petition Date that may be triggered as a
result of these filings, as well as open but undrawn letters of
credit and hedging obligations.

Debt to bondholders is on account of these transactions:

   -- On Feb. 23, 2012, EIC closed on the private placement of
$350 million in aggregate principal amount of 12% notes due March
2018 (the "March 2018 Notes"), governed by an indenture, under
which Wells Fargo Bank, N.A., serves as trustee on behalf of the
bondholders.  On Oct. 15, 2012, Endeavour completed the private
placement of an additional $54 million aggregate principle amount
of March 2018 Notes.  As of the Petition Date, $404.0 million in
principal was outstanding under the March 2018 Notes, plus accrued
interest of $29.2 million.

   -- On Feb. 23, 2012, EIC closed on the private placement of
$150 million in aggregate principal amount of 12% notes due June
2018 (the "June 2018 Notes,"), governed by an indenture with
Wilmington Trust, N.A., as trustee.  Approximately $150.0 million
in principal is outstanding under the June 2018 Notes, plus
accrued interest of $10.8 million.

   -- On July 22, 2011, EIC issued $135 million of unsecured 5.5%
Convertible Senior Notes due July 15, 2016, governed by an
indenture under which Wilmington Savings Fund Society, FSB, is
successor trustee.  As of the Petition Date, $135.0 million in
principal is outstanding under the 5.5% Convertible Notes, plus
accrued interest of $1.7 million.

   -- On March 3, 2014, EIC issued $17.5 million in aggregate
principal amount of unsecured 6.5% Convertible Notes due Dec. 1,
2017, governed by an indenture under which Wilmington Savings Fund
Society, FSB, is trustee.  As of the Petition Date, $17.5 million
in principal is outstanding under the 6.5% Convertible Notes, plus
accrued interest of $0.4 million.

   -- On Jan. 25, 2008, END LuxCo issued $40.0 million in
aggregate principal amount of unsecured convertible bonds due
March 31, 2014 (the "7.5% Convertible Bonds"), governed by a trust
deed under which END LuxCo is primary obligor, BNY Corporate
Trustee Services Limited is trustee.  As of the Petition Date,
approximately $83.7 million in principal is outstanding under the
7.5% Convertible Bonds.

On Jan. 24, 2014, the Company entered into a $125 million Term
Loan Facility the "Old EEUK Term Loan"), with Credit Suisse, as
collateral agent on behalf of certain lenders.  On that same date,
non-debtor affiliate Endeavour Energy UK Limited ("EEUK"), an
unaffiliated third party, LC Finco S.... r.l., and Credit Suisse
AG
entered into an LC Procurement Agreement whereby the Company
secured letters of credit of approximately $130 million (later
reduced to $90 million) and agreed to reimburse the unaffiliated
third party any expense incurred with posted cash collateral.

In 2013, EEUK entered into various monetary production payment
arrangements, whereby EEUK sold the proceeds of its entitlements
to production from its interests in certain U.K. Producing Fields
to Cidoval S.... r.l. ("Cidoval") on March 5, 2013 (the "Cidoval
MPP") and to Sand Waves, S.A. ("Sand Waves") on December 12, 2013
(the "Sand Waves MPP").

On Sept. 30, 2014, EIC, EIHBV and End Finco LLC entered into that
certain amended and restated credit agreement (the "New EEUK Term
Loan") providing for a senior secured term loan facility for the
benefit of EEUK, with Credit Suisse as Administrative Agent on
behalf of certain lenders thereto.  Under the terms of the New
EEUK Term Loan, the New EEUK Secured Lenders provided
$440.0 million in proceeds (i) to repay in full the Old EEUK Term
Loan, the MPP's and all reimbursement obligations outstanding
relating to the LC Procurement Agreement, (ii) to provide cash
collateral to support a new letter of credit issuance agreement
and pay related fees and expenses, and (iii) for general corporate
purposes (the "Refinancing Transaction").  As of the Petition
Date, $440.0 million in principal is outstanding under the EEUK
Term Loan.

                 About Endeavour International

Houston-based Endeavour International Corporation (NYSE: END)
(LSE: ENDV) is an oil and gas exploration and production company
focused on the acquisition, exploration and development of energy
reserves in the North Sea and the United States.

On Oct. 10, 2014, Endeavour International and five affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code after reaching a restructuring deal
with noteholders.  The cases are pending joint administration
under Endeavour Operating Corp.'s Case No. 14-12308 before the
Honorable Kevin J. Carey (Bankr. D. Del.).

As of June 30, 2014, the Company had $1.55 billion in total
assets, $1.55 billion in total liabilities, $43.70 million in
series c convertible preferred stock, and a $41.48 million
stockholders' deficit.

The Debtors have tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; The Blackstone
Group L.P., as financial advisor; AlixPartners, LLP, as
restructuring advisor; and Kurtzman Carson Consultants LLC, as
claims and noticing agent.


ENDEAVOUR INT'L: Proposes Protections for Term Loan Lenders
-----------------------------------------------------------
Endeavour International Corporation and its debtor-affiliates ask
the Bankruptcy Court for authority to provide certain lender
protections to their prepetition term loan secured lenders and
Credit Suisse AG, Cayman Islands Branch, in its capacity as agent
on behalf of the lenders.

As of the Petition Date, $440.0 million in principal is
outstanding on a term loan provided to non-debtor affiliates
Endeavour International Holding B.V. ("EIHBV") and End Finco LLC,
as borrowers pursuant to a restated credit agreement dated as of
Sept. 30, 2014.

Debtors Endeavour International Corporation ("EIC"), Endeavour
Operating Corporation ("EOC"), Endeavour Energy New Ventures, Inc.
and END Management Company, as guarantors, granted to Credit
Suisse a security interest in all the right, title and interest to
the Debtor Collateral, which consists of:

   a. the equity of non-debtor affiliate Endeavour International
Holding B.V.;

   b. all indebtedness from time-to-time owed to EOC by a Foreign
Subsidiary and any instruments or agreements
evidencing such indebtedness;

   c. all proceeds of, or income from, the property described in
preceding clauses (a) and (b);

   d. the cash, cash equivalents and deposit accounts of the
Debtors;

   e. the Debtors' oil and gas properties located in North
America, to the extent such property has no proved reserves;

    f. the Debtors' oil and gas properties located in North
America to the extent that the aggregate PV-10 Value (as such term
is defined in the Term Loan) of the proved reserves attributable
to such oil and gas properties is less than $20,000,000; and

    g. any of the Debtors' individual oil and gas properties
located in North America to the extent that the PV-10 Value of all
proved reserves attributable to that property is less than
$1,500,000.

The Term Loan is also secured by the assets and equity holdings of
certain non-debtor affiliates, including assets of, and equity in,
EEUK (the "Non-Debtor Affiliate Collateral").

Pursuant to the terms of the Term Loan, the Term Loan Secured
Lenders have agreed to permit the Debtors to grant additional
liens on the Debtor Collateral (i) for the purpose of providing
certain secured creditors of the Debtors with "adequate
protection" pursuant to sections 362, 363(c)(2) and 363(e) of the
Bankruptcy Code, if applicable; (ii) securing debtor in possession
financing ("DIP Financing"), if any, entered into pursuant to
section 364 of the Bankruptcy Code; or (iii) for the purpose of
incurring indebtedness, if any, used to finance the costs of these
chapter 11 cases in connection with the Debtors' emergence from
chapter 11 ("Exit Financing").

In exchange for the ability to grant the liens on the Debtor
Collateral without objection, the Debtors have agreed to certain
Lender Protections for the benefit of the Term Loan Secured
Lenders. These Lender Protections provide that the Term Loan
Secured Lenders will be granted or will maintain liens on the
Debtor Collateral (or property of the Debtors that may become
Debtor Collateral pursuant to the Term Loan Documents) consistent
with the terms of the Lender Protections Provision.

Pursuant to the terms of the Term Loan and the Lender Protections
Provision, with respect to liens granted to other parties for the
purpose of providing "adequate protection" on the Debtor
Collateral:

   a. Any such liens granted on the Debtor Collateral will be
junior to the liens securing the Term Loan Obligations.

   b. If any such liens are granted on any unencumbered or under-
encumbered property and assets of the Debtors that may become
Debtor Collateral in accordance with the terms of the Term Loan
Documents, other than the property and assets of Endeavour
Colorado Corporation ("END Colorado"), the Prepetition Agent, for
the benefit of the Term Loan Secured Lenders, will be granted
liens on such property and assets on a pari passu basis.

   c. If any such liens are granted on the property and assets of
END Colorado, the Prepetition Agent, for the benefit of the Term
Loan Secured Lenders, will be granted liens on such property and
assets on a senior basis.

   d. Any liens granted pursuant to this paragraph will be
automatically released upon the effective date of any chapter 11
plan of the Debtors so long as no default exists under the Term
Loan at such time.

Additionally, with respect to liens granted by the Debtors for the
purpose of securing DIP Financing or Exit Financing; such liens
may, at the option of EIHBV or End Finco LLC, be pari passu with,
or senior to, the liens securing the Term Loan Obligations, other
than liens on the property and assets of Endeavour Colorado
Corporation, on which the Prepetition Agent must have been granted
liens on a senior basis. For the avoidance to doubt, such liens
are limited to Debtor Collateral and will not include liens on the
Non-Debtor Affiliate Collateral.  Pursuant to the Term Loan, the
aggregate principal amount of each of the DIP Financing and the
Exit Financing will not exceed $15 million and, at any time, the
aggregate principal amounts under both the DIP Financing and the
Exit Financing, taken as a whole, will not exceed $15 million.

                         Challenge Period

The Debtors seek authority to limit the time period for parties in
interest to assert claims or causes of action against the
Prepetition Agent and Term Loan Secured Lenders pursuant to this
Motion.

Under this proposed Lender Protection, all non-Debtors, subject to
their ability to obtain applicable legal standing (a "Challenging
Party"), will have until (i) 60 days from the date of
the appointment of a creditor's committee (a "Committee") or, (ii)
if a Committee is not appointed initially, 75 days from the
Petition Date (the "Challenge Period") to timely and properly file
an adversary proceeding or contested matter asserting one or more
claims or causes of action against the Term Loan Secured Lenders
(each, a "Challenge").  A Challenging Party will have only until
the expiration of the Challenge Period (the "Challenge Period
Termination Date") to properly file a Challenge.

A copy of the Debtor's Motion is available for free at:

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

                 About Endeavour International

Houston-based Endeavour International Corporation (NYSE: END)
(LSE: ENDV) is an oil and gas exploration and production company
focused on the acquisition, exploration and development of energy
reserves in the North Sea and the United States.

On Oct. 10, 2014, Endeavour International and five affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code after reaching a restructuring deal
with noteholders.  The cases are pending joint administration
under Endeavour Operating Corp.'s Case No. 14-12308 before the
Honorable Kevin J. Carey (Bankr. D. Del.).

As of June 30, 2014, the Company had $1.55 billion in total
assets, $1.55 billion in total liabilities, $43.70 million in
Series C convertible preferred stock, and a $41.48 million
stockholders' deficit.

The Debtors have tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; The Blackstone
Group L.P., as financial advisor; AlixPartners, LLP, as
restructuring advisor; and Kurtzman Carson Consultants LLC, as
claims and noticing agent.


ENDEAVOUR INT'L: Meeting to Form Creditors' Panel Set for Oct. 27
-----------------------------------------------------------------
Roberta A. DeAngelis, United States Trustee for Region 3, will
hold an organizational meeting on Oct. 27, 2014, at 11:30 a.m. in
the bankruptcy case of Endeavour Operating Corporation, et al.
The meeting will be held at:

         J. Caleb Boggs Federal Building
         844 King St., Room 2112
         Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors
pursuant to Section 341 of the Bankruptcy Code.  A representative
of the Debtor, however, may attend the Organizational Meeting, and
provide background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States
Trustee appoint a committee of unsecured creditors as soon as
practicable.  The Committee ordinarily consists of the persons,
willing to serve, that hold the seven largest unsecured claims
against the debtor of the kinds represented on the committee.
Section 1103 of the Bankruptcy Code provides that the Committee
may consult with the debtor, investigate the debtor and its
business operations and participate in the formulation of a plan
of reorganization.  The Committee may also perform other services
as are in the interests of the unsecured creditors whom it
represents.

                 About Endeavour International

Houston-based Endeavour International Corporation (NYSE: END)
(LSE: ENDV) is an oil and gas exploration and production company
focused on the acquisition, exploration and development of energy
reserves in the North Sea and the United States.

On Oct. 10, 2014, Endeavour International and five affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code after reaching a restructuring deal
with noteholders.

The cases are pending joint administration under Endeavour
Operating Corp.'s Case No. 14-12308 before the Honorable Kevin J.
Carey (Bankr. D. Del.).

As of June 30, 2014, the Company had $1.55 billion in total
assets, $1.55 billion in total liabilities, $43.70 million in
series c convertible preferred stock and a $41.48 million total
stockholders' deficit.

The Debtors have tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; The Blackstone
Group L.P., as financial advisor; AlixPartners, LLP, as
restructuring advisor; and Kurtzman Carson Consultants LLC, as
claims and noticing agent.


ENDEAVOUR INT'L: North Sea Oil Field Up & Running Again
-------------------------------------------------------
Endeavour International Corporation said its Rochelle field, one
of its biggest oil fields in the U.K. North Sea, started pumping
oil and gas again on Oct. 12 after production had been stopped in
September for repairs, Collin Eaton at Fuelfix.com reports.

Fuelfix.com relates that the Company's three biggest fields in the
North Sea account for most of the Company's cash flow.  The report
says that the Company has lost hundreds of millions in revenue
over the past three years as rough waters around U.K. have taken a
toll on the Company's offshore equipment and the timing of its
income, resulting in delays of oil production or disruption at the
three fields.

                 About Endeavour International

Houston-based Endeavour International Corporation (NYSE: END)
(LSE: ENDV) is an oil and gas exploration and production company
focused on the acquisition, exploration and development of energy
reserves in the North Sea and the United States.

On October 10, 2014, Endeavour International and five affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code after reaching a restructuring deal
with noteholders.

The cases are pending joint administration under Endeavour
Operating Corp.'s Case No. 14-12308 before the Honorable Kevin J.
Carey (Bankr. D. Del.).

As of June 30, 2014, the Company had $1.55 billion in total
assets, $1.55 billion in total liabilities, $43.70 million in
series c convertible preferred stock and a $41.48 million total
stockholders' deficit.

The Debtors have tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; The Blackstone
Group L.P., as financial advisor; AlixPartners, LLP, as
restructuring advisor; and Kurtzman Carson Consultants LLC, as
claims and noticing agent.


ENERGY FUTURE: Creditors Warn of 'Royal Rumble' in Bankruptcy
-------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
creditors attacked Energy Future Holdings Corp.'s plan to auction
its stake in the Texas transmission business Oncor, warning that
bidders are "buying into a royal rumble."  According to the
report, the Dallas energy company defends the planned bankruptcy
auction as a way to boost the value it is gathering in Chapter 11
as it works to fix a balance sheet upset by plummeting natural-gas
prices.  Energy Future has garnered support from some creditors
for the sale of its Oncor stake but faces opposition from
investors in billions of dollars of endangered debt, the 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.


ENERGY FUTURE: Creditor Says Sale Plan Mocks Chap. 11
-----------------------------------------------------
Law360 reported that the indenture trustee for a group of Energy
Future Holdings Corp. junior bondholders blasted the debtor's
auction plan, arguing it would lock in a tax-free spinoff of a
subsidiary that could deny its creditors of billions of dollars
and "make a mockery" of the Chapter 11 process.  According to the
report, in a motion before the Delaware bankruptcy court,
Wilmington Savings Fund Society FSB objected to EFH's proposed
plan to auction off its 80 percent equity stake in nondebtor
distribution company Oncor Electric Delivery Co. LLC, arguing the
energy giant is not actually selling any stock or assets in the
unit, but rather "leading a so-called tax-free 'investment'" in
the reorganized equity of the debtor.

                       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.


ERF WIRELESS: Sells 3.2 Million Common Shares
---------------------------------------------
ERF Wireless, Inc., issued 3,228,261 shares of common stock
pursuant to Convertible Promissory Notes from Oct. 11, 2014,
through Oct. 17, 2014.  The Shares were issued at an average of
$0.0128 per share.  The issuance of the Shares constitutes 17.9%
of the issued and outstanding shares based on 17,975,177 shares
issued and outstanding as of Oct. 10, 2014, according to a
regulatory filing with the U.S. Securities and Exchange
Commission.

                        About ERF Wireless

Based in League City, Texas, ERF Wireless, Inc., provides secure,
high-capacity wireless products and services to a broad spectrum
of customers in primarily underserved, rural and suburban parts of
the United States.

ERF Wireless reported a net loss attributable to the Company of
$7.26 million in 2013, a net loss attributable to the Company of
$4.81 million in 2012 and a net loss attributable to the Company
of $3.37 million in 2011.

The Company's balance sheet at June 30, 2014, showed $3.59 million
in total assets, $11.69 million in total liabilities and a $8.10
million total shareholders' deficit.


ESP RESOURCES: Turner Stone Replaced MaloneBailey as Accountants
----------------------------------------------------------------
The Board of Directors of ESP Resources, Inc., dismissed
MaloneBailey, LLP, as its independent registered public accounting
firm on Oct. 10, 2014.

On Oct. 13, 2014, the Board of Directors approved the engagement
of Turner, Stone & Company, LLP, as the Company's independent
registered public accounting firm, effective immediately.

During the years ended Dec. 31, 2013, and Dec. 31, 2012, and the
subsequent interim period through Oct. 17, 2014, the Company said
it did not, nor did anyone on its behalf, consult with Turner
Stone.

MaloneBailey's audit reports in connection with the Company's
financial statements for the years ended Dec. 31, 2013 and 2012
were included in the Company's Annual Report on Form 10-K, and
other than the explanatory language included in the those reports
related to the substantial doubt as to the Company's ability to
continue as a going concern due to recurring net losses and its
working capital deficit, the audit report did not contain an
adverse opinion or disclaimer opinion, nor were the reports
qualified or modified as to uncertainty, audit scope or accounting
principles.  In connection with the audits of the Company's
financial statements for the fiscal years ended Dec. 31, 2013, and
Dec. 31, 2012, and during the subsequent interim period through
Oct. 17, 2014, there were no disagreements between the Company and
MaloneBailey, the Company related in a regulatory filing with the
U.S. Securities and Exchange Commission.

                        About ESP Resources

The Woodlands, Texas-based ESP Resources, Inc., through its
subsidiaries, manufactures, blends, distributes and markets
specialty chemicals and analytical services to the oil and gas
industry and also provides services for the upstream, midstream
and downstream sectors of the energy industry, including new
construction, major modifications to operational support for
onshore and offshore production, gathering, refining facilities
and pipelines designed to optimize performance and increase
operators' return on investment.

ESP Resources reported a net loss of $5.23 million on $10.59
million of net sales for the year ended Dec. 31, 2013, as compared
with a net loss of $5.08 million on $16.98 million of net sales in
2012.  The Company's balance sheet at March 31, 2014, showed $6.33
million in total assets, $11.17 million in total liabilities and a
$4.83 million total stockholders' deficit.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has incurred net losses through Dec. 31, 2013, and has
a working capital deficit as of Dec. 31, 2013.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


EVERYWARE GLOBAL: Stockholders OK Issuance of 7.3MM Shares
----------------------------------------------------------
EveryWare Global, Inc., held a special meeting of stockholders on
on Oct. 7, 2014, at which the stockholders approved the issuance
of up to 7,396,674 shares of common stock upon the exercise of
warrants in accordance with NASDAQ Marketplace Rule 5635(d).

As disclosed in the Company's Registration Statement on Form S-1
filed on Oct. 14, 2014, the Company was named as a defendant in a
purported class action lawsuit in a complaint filed in the United
States District Court for the Southern District of Ohio.  The
complaint alleges that the Company and certain of its current and
former executive officers violated Section 10(b) and Section 20(a)
of the Exchange Act by issuing allegedly false or misleading
statements concerning the Company.  The plaintiffs seek
unspecified compensatory damages.  The Company intends to
vigorously defend these claims.

                   Registers 2.1 Million Shares

The Company filed with the U.S. Securities and Exchange Commission
a Form S-1 registration statement relating to the sale by
entities affiliated with Oppenheimer Funds, Inc., entities
affiliated with CIFC Corporation, funds affiliated with Western
Asset Company of up to 2,112,581 shares of common stock, par value
$0.0001 per share, issued or issuable to those selling
stockholders upon exercise of warrants at an exercise price of
$0.01 per share, subject to adjustment pursuant to the terms of
the warrants.

The Company will not receive any cash proceeds from the sale of
common stock by the selling stockholders.  The Company will pay
the expenses of registering the common stock.

The Company's common stock is listed on the NASDAQ Global Market
under the symbol "EVRY."  The last reported sale price of the
Company's common stock on Oct. 13, 2014 was $1.36 per share.

A copy of the Form S-1 prospectus is available for free at:

                        http://is.gd/iUddsK

                          About EveryWare

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

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

For the six months ended June 30, 2014, the Company reported a net
loss of $65.29 million on $194.63 millin of total revenues
compared to a net loss of $2 million on $200.18 million of total
revenues for the same period during the prior year.

                            *    *    *

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


FULLCIRCLE REGISTRY: Rodefer Moss Quits as Auditors
---------------------------------------------------
The Board of Directors of FullCircle Registry, Inc., accepted the
resignation of its independent registered public accounting firm,
Rodefer, Moss & Co. PLLC., on Oct. 8, 2014, according to a
regulatory filing with the U.S. Securities and Exchange
Commission.

Rodefer, Moss & Co. PLLC's audited report on the financial
statements for the two fiscal years ended Dec. 31, 2013, contains
a note as to the Company's ability to continue as a going concern.
The note indicated that the Company has suffered recurring losses
from operations and has a net working capital deficiency that
raises substantial doubt about the Company's ability to continue
as a going concern.

In connection with the audits of the Company's financial
statements for the period from Jan. 1, 2012, through the date of
resignation, the Company said it had no disagreements with Rodefer
Moss & Co.

                    About FullCircle Registry

Shelbyville, Kentucky-based FullCircle Registry, Inc., targets the
acquisition of small profitable businesses.  FullCircle Registry,
Inc., has become a holding company with three subsidiaries.  They
are FullCircle Entertainment, Inc., FullCircle Insurance Agency,
Inc. and FullCircle Prescription Services, Inc.  Target companies
for future acquisition are those in search of exit plans for the
owners and are intended to continue autonomous operations as
current ownership is phased out over a period of 3-5 years.

FullCircle Registry reported a net loss of $448,102 on $1.88
million of revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $369,784 on $1.86 million of revenues during
the prior year.

As of June 30, 2014, the Company had $5.75 million in total
assets, $6.06 million in total liabilities and a $306,851 total
stockholders' deficit.

Rodefer Moss & Co., PLLC, in New Albany, Indiana, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that FullCircle has suffered recurring losses from operations and
has a net working capital deficiency that raises substantial doubt
about the company's ability to continue as a going concern.


FUSION TELECOMMUNICATIONS: Principal Accounting Officer Quits
-------------------------------------------------------------
Fusion Telecommunications International, Inc., received the
resignation of Marc Gelberg as the Company's senior vice
president-finance and principal accounting officer, and as an
officer of its subsidiaries, according to a regulatory filing with
the U.S. Securities and Exchange Commission.

Mr. Gelberg's resignation, which will become effective on Oct. 31,
2014, was unrelated to any disagreement with the Company on any
matter relating to the Company's operations, policies or
practices.

Gordon Hutchins, Jr., continues to serve as the Company's acting
chief financial officer.

                 About Fusion Telecommunications

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

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


EPAZZ INC: Effects 1:10,000 Reverse Stock Split
-----------------------------------------------
In September 2014, Epazz, Inc.'s majority stockholder and sole
director (Shaun Passley) approved a 1:10,000 reverse stock split
of the Company's Class A common stock.  Effective Oct. 6, 2014,
the Company affected the 1:10,000 reverse stock split of its Class
A common stock, according to a regulatory filing with the U.S.
Securities and Exchange Commission.

The Company's Class B common stock and preferred stock were not
affected by the reverse stock split.  The Company's new symbol
following the reverse split will be EPAZD. The D will be removed
in 20 business days.  Following the reverse stock split, the
Company has 33,621,390 shares of common stock issued and
outstanding and 100,000,000 shares of Class A common stock
authorized.  The Company?s new CUSIP number is 29413V 309.

The majority stockholder and sole direct (Shaun Passley) plans to
buy up to $10,000 worth of Common A in the open market.

                          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.

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.

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."


FLUX POWER: To Pay SRA 5% of Placement Gross Proceeds
-----------------------------------------------------
As previously reported with the U.S. Securities and Exchange
Commission on Oct. 8, 2014, Flux Power Holdings, Inc., entered
into a credit facility agreement for a line of credit in the
maximum amount of $500,000 with Leon Frenkel pursuant to which the
Company issued a Secured Promissory Convertible Note for the Line
of Credit to the Lender.  In connection with the Line of Credit,
the Company retained Security Research Associates Inc., on a best-
efforts basis, as its ?placement agent for the placement of the
Note.

The Company filed an amended report on Oct. 14, 2014, to disclose
that in connection with placement agent services, the Company
agreed to pay SRA a cash amount equal to 5% of the gross proceeds
?raised and a warrant for the purchase of the common stock of the
Company.  The number of common stock subject ?to the warrant equals
5% of the aggregate gross proceeds from the Note received ?by the
Company from the Lender divided by $0.12 per share.  The warrant
will have a term of 5 years, an exercise price equal to $0.12 per
share and will also include cashless exercise provisions as well
as ?representations and warranties that are customary and standard
in warrants issued to placement ?agents or underwriters.

                          About Flux Power

Escondido, California-based Flux Power Holdings, Inc., designs,
develops and sells rechargeable advanced energy storage systems.

Flux Power reported a net loss of $4.29 million on $358,000 of net
revenue for the year ended June 30, 2014, compared to net income
of $351,000 on $772,000 of net revenue for the year ended June 30,
2013.  As of June 30, 2014, the Company had $462,000 in total
assets, $1.24 million in total liabilities and a $784,000 total
stockholders' deficit.

Squar, Milner, Peterson, Miranda & Williamson, LLP, in
San Diego, California, 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
incurred a significant accumulated deficit through June 30, 2014,
and requires immediate additional financing to sustain its
operations.  These factors, among others, raise substantial doubt
about the Company's ability to continue as a going concern.


GASPARI NUTRITION: Oct. 28 Meeting Set to Form Creditors' Panel
---------------------------------------------------------------
Roberta A. DeAngelis, United States Trustee for Region 3, will
hold an organizational meeting on Oct. 28, 2014, at 10:30 a.m. in
the bankruptcy case of Gaspari Nutrition, Inc.  The meeting will
be held at:

         United States Bankruptcy Court
         402 East State Street, Room 129
         Trenton, New Jersey 08608

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors
pursuant to Section 341 of the Bankruptcy Code.  A representative
of the Debtor, however, may attend the Organizational Meeting, and
provide background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States
Trustee appoint a committee of unsecured creditors as soon as
practicable.  The Committee ordinarily consists of the persons,
willing to serve, that hold the seven largest unsecured claims
against the debtor of the kinds represented on the committee.
Section 1103 of the Bankruptcy Code provides that the Committee
may consult with the debtor, investigate the debtor and its
business operations and participate in the formulation of a plan
of reorganization.  The Committee may also perform other services
as are in the interests of the unsecured creditors whom it
represents.

Gaspari Nutrition, Inc. filed a Chapter 11 petition
(Bankr. D. N.J. Case No. 14-30963) on Oct. 16, 2014 in Trenton,
New Jersey, Joshua T. Klein, Esq. and Michael J. Viscount, Jr.,
Esq., at serves as counsel to the Debtor.  The Debtor estimated up
to $10 million in assets and up to $50 million in liabilities.


GENERAL MOTORS: General Counsel to Retire
-----------------------------------------
John D. Stoll and Joseph B. White, writing for The Wall Street
Journal, reported that General Motors Co. General Counsel Michael
Millikin will retire early next year, ending the career of the
executive most tarnished by the company?s mishandling of a deadly
ignition-switch defect that led to millions of vehicle recalls.
According to the report, Mr. Millikin?s planned departure comes
amid a Justice Department probe of GM?s handling of the defective
switch.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

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

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

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

                        *     *     *

The Troubled Company Reporter, on Sep. 29, 2014, reported that
Standard & Poor's Ratings Services raised its corporate credit
rating on U.S. automaker General Motors Co. (GM) to 'BBB-' from
'BB+', and revised the outlook to stable from positive.  At the
same time, S&P raised its issue-level rating on GM's unsecured
debt to 'BBB-' from 'BB+' and simultaneously withdrew its '4'
recovery rating on that debt, because S&P do not assign recovery
ratings to the issues of investment-grade companies.


GENERAL MOTORS: Credit Line Extension Allows Up to $4B Borrowing
----------------------------------------------------------------
John D. Stoll, writing for The Wall Street Journal, reported that
General Motors Co. has reworked a credit line, allowing it to
deepen its cash cushion by $1.5 billion and give GM Financial, its
in-house finance company, the ability to borrow up to $4 billion
in funds.  According to the report, the Detroit auto maker said it
has amended and extended an existing $11 billion three-year credit
line that was to expire in 2015.  Under the new agreement, GM can
borrow up to $12.5 billion, up to nearly one-third of which can be
extended to GM Financial, the company?s new lending unit, the
report related.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

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

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

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

                        *     *     *

The Troubled Company Reporter, on Sep. 29, 2014, reported that
Standard & Poor's Ratings Services raised its corporate credit
rating on U.S. automaker General Motors Co. (GM) to 'BBB-' from
'BB+', and revised the outlook to stable from positive.  At the
same time, S&P raised its issue-level rating on GM's unsecured
debt to 'BBB-' from 'BB+' and simultaneously withdrew its '4'
recovery rating on that debt, because S&P do not assign recovery
ratings to the issues of investment-grade companies.


GENERAL MOTORS: Calif. DA Wants Ignition Switch Suit Removed
------------------------------------------------------------
Law360 reported that Orange County's district attorney told a New
York federal judge that California's suit against General Motors
LLC over its ignition-switch defect should be remanded to the
state, arguing that the case is different from others in the
multidistrict litigation because it was filed by a governmental
unit.  According to the report, District Attorney Tony Rackauckas
said GM should have never removed California's suit from Orange
County Superior Court, as the case was brought in the public
interest and to enforce a police power.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

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

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

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

                        *     *     *

The Troubled Company Reporter, on Sep. 29, 2014, reported that
Standard & Poor's Ratings Services raised its corporate credit
rating on U.S. automaker General Motors Co. (GM) to 'BBB-' from
'BB+', and revised the outlook to stable from positive.  At the
same time, S&P raised its issue-level rating on GM's unsecured
debt to 'BBB-' from 'BB+' and simultaneously withdrew its '4'
recovery rating on that debt, because S&P do not assign recovery
ratings to the issues of investment-grade companies.


GENERAL MOTORS: Ex-Con and Hedge Funds Find Common Ground
---------------------------------------------------------
Nick Brown and Jessica Dye, writing for Reuters, reported that
Roger Dean Gillispie, a former General Motors security guard who
spent 20 years in an Ohio prison for rape, wants to sue General
Motors for allegedly helping to frame him, and he?s getting
support from an unlikely source: hedge funds.  According to the
report, hedge funds with claims on the Old GM assets also prefer
new claimants direct their claims toward New GM.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

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

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

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


GT ADVANCED: New Hampshire Calls For Transparency in Bankruptcy
---------------------------------------------------------------
Law360 reported that the state of New Hampshire urged a bankruptcy
judge to reject a bid by Apple Inc. supplier GT Advanced
Technologies Inc. to seal a collection of documents, saying
company stakeholders deserve to know the reasons behind its
unexpected descent into Chapter 11 and subsequent move to close
manufacturing plants.  According to the report, New Hampshire-
based GT, which was supposed to supply scratch-resistant sapphire
for Apple's smartphones, intends to shutter plants and reject its
contracts with the tech giant, yet seeks to file documents related
to those decisions under seal, according to an objection filed by
the state attorney general's office.

                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.
Headquartered in Merrimack, New Hampshire, GT is a publicly held
corporation whose stock is traded on NASDAQ under the ticker
symbol "GTAT."

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT had
$85 million in cash, $84 million of which is unencumbered.

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).
GT says that it has sought bankruptcy protection due to a "severe
liquidity crisis."

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.


GREEN POWER: Section 341(a) Meeting Scheduled for November 19
-------------------------------------------------------------
A meeting of creditors in the bankruptcy case of Green Power Inc.
will be held on Nov. 19, 2014, at 2:00 p.m. at US Courthouse, Room
4107 (341 Meetings).

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

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

Green Power Inc. filed a Chapter 11 bankruptcy protection (Bankr.
W.D. Wash. Case No. 14-17528) in Seattle on Oct. 12, 2014.  The
Debtor estimated assets and debt ranging from $10 million to
$50 million.  The case is assigned to Judge Marc Barreca.

The Debtor has tapped Matthew W. Anderson, Esq., at the Law
Offices of Matthew W. Anderson, PLLC, in Seattle, as counsel.


HAYES LEMMERZ: Laber Plaintiffs May Amend Suit Vs. HLI Affiliate
----------------------------------------------------------------
The case DONALD LABER and DOUGLAS WHACK, PLAINTIFFS, v. UNITED
STEEL, PAPER AND FORESTRY, RUBBER, MANUFACTURING, ENERGY, ALLIED
INDUSTRIAL AND SERVICE WORKERS INTERNATIONAL UNION, et al.,
DEFENDANTS, Case No. 5:13CV640 (N.D. Ohio), alleges breach of
contract and tortious interference with contractual and business
relations.

Plaintiffs were employees of HLI Commercial Highway, Inc., a
subsidiary of Hayes Lemmerz International, Inc.

In a Sept. 25, 2014 Opinion and Order available at
http://is.gd/m5f3pWfrom Leagle.com, District Judge Sara Lioi
ruled that (1) plaintiffs' motion for reconsideration is DENIED,
(2) plaintiffs' motion for an extension of time in which to amend
the complaint is GRANTED, and (3) plaintiffs' motion to certify a
question for interlocutory appeal is DENIED as moot.

Plaintiffs were given until Oct. 2, 2014 to file an amended
complaint that asserts a common law fraud claim that is fully
compliant with the requirements set forth in the Court's Opinion
and Order.  Should plaintiffs timely file an amended pleading, the
Court will remand the matter to the state court. Should plaintiffs
fail to file an amended pleading that relieves the Court of
subject matter jurisdiction, the Court will dismiss the complaint
as preempted under Sec. 301 of the Labor Management Relations Act.

Local 2L, United Steel, Paper and Forestry, Rubber, Manufacturing,
Energy, Allied Industrial and Service Workers International Union,
Defendant, is represented by David M. Fusco, Esq. --
dfusco@smcnlaw.com -- and Catherine R. Donnelly, Esq. --
cdonnelly@smcnlaw.com -- of Schwarzwald McNair Fusco; as well as
Jeremiah A. Collins, Esq. and Joshua B. Shiffrin, Esq. of Bredhoff
& Kaiser

                         About Hayes Lemmerz

Originally founded in 1908, Hayes Lemmerz International, Inc.
(NasdaqGM: HAYZ) is a worldwide producer of aluminum and steel
wheels for passenger cars and light trucks and of steel wheels for
commercial trucks and trailers.  The Company is also a supplier of
automotive powertrain components.  The Company has global
operations with 23 facilities, including business, sales offices
and manufacturing facilities, located in 12 countries around the
world.  The Company sells products to every major North American,
Asian and European manufacturer of passenger cars and light trucks
and to commercial highway vehicle customers throughout the world.

The Company and certain affiliates filed for bankruptcy on
May 11, 2009 (Bankr. D. Del. Case No. 09-11655) after reaching
agreements with lenders holding a majority of the Company's
secured debt.  The Company's principal bankruptcy attorneys are
Skadden, Arps, Slate, Meagher & Flom, LLP.  Lazard Freres & Co.,
LLC, serves as the Company's financial advisors.  AlixPartners,
LLP, serves as the Company's restructuring advisors.  The Garden
City Group, Inc., serves as the Debtors' claims and notice agent.
As of January 31, 2009, the Debtors had total assets of
$1,336,600,000 and total debts of $1,405,200,000.

The 2009 petition was the Company's second trip to the bankruptcy
court, dubbed a Chapter 22, which was precipitated by an
unprecedented slowdown in industry demand and a tightening of
credit markets.


HUNTSMAN CORP: S&P Revises Outlook to Stable & Affirms 'BB' CCR
---------------------------------------------------------------
Standard & Poor's Ratings Services revised the rating outlook on
Huntsman Corp. and its wholly owned subsidiary, Huntsman
International LLC, to stable from negative.

At the same time, S&P affirmed all ratings, including the 'BB'
corporate credit ratings, on the companies.

"The outlook revision to stable follows Huntsman's announcement
that it has completed the acquisition of Rockwood Specialties
Inc.'s TiO2 and performance additives businesses in a debt-
financed transaction for slightly over $1 billion in cash and the
assumption of about $225 million of unfunded pension liabilities,"
said Standard & Poor's credit analyst Paul Kurias.  Huntsman has
strengthened its profitability and cash flow generation during the
past several quarters following major operational restructuring.

Though Huntsman is still in the process of meeting conditions laid
down by European regulatory agencies that approved this
transaction, S&P believes the closing of this transaction
increases the certainty that the company will achieve credit
metrics appropriate for the current ratings.  S&P anticipates that
the company will achieve a funds from operations (FFO) to debt
ratio of near 20% in 2015, the first full year of operations,
including the acquired assets.  However, S&P also believes that
the transaction generates risks related to the integration of the
acquisition, and somewhat increased exposure to a commodity
product and to an economically weak European market.

At this time, S&P is not factoring into its ratings Huntsman's
plan to take the combined pigments business (consisting of its
existing TiO2 business and most of the acquired operations) public
within two years of completing this acquisition.

The outlook is stable.  S&P's base case indicates that successful
integration of the acquired operations, a modest cyclical upturn
in the TiO2 business, moderate global economic growth during the
next few years, and benefits from ongoing restructuring should
result in credit metrics consistent with a significant financial
risk profile, including an FFO to debt ratio approaching 20% by
the end of 2015 and more than 20% thereafter.

S&P could lower the ratings if Huntsman is not able to
successfully integrate the acquired Rockwood assets or company's
performance weakens due to slow economic recovery in Europe or
continued weakness in the TiO2 industry leading to FFO to debt
ratio, pro forma for the acquisition, below 15% and a debt to
EBITDA ratio exceeding 4.5x without any prospects for near-term
improvement.

S&P regards an upgrade during the next year as highly unlikely
because it expects Huntsman's financial profile to be stretched
for the ratings until the acquired Rockwood operations are fully
integrated and synergies are achieved.


INC RESEARCH: Moody's Raises Corporate Family Rating to B1
----------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating of
INC Research, LLC to B1 from B2 and the Probability of Default
Rating to B1-PD from B2-PD. The outlook is positive. This
concludes the rating review that was initiated on October 7, 2014.

Moody's also upgraded the ratings of INC's existing 2011 credit
facility to Ba2 from Ba3 and upgraded the 11.5% unsecured bonds to
B3 from Caa1. INC is in the process of a refinancing transaction
which will replace the 2011 credit facility with a new revolver
and term loan. Moody's expects to withdraw the ratings on the 2011
credit facility at the close of this refinancing transaction.

Moody's assigned a B1 rating to the proposed $525 million senior
secured credit facility consisting of a $100 million revolving
credit facility and a $425 million term loan. The proceeds of the
new facility will be used to refinance existing debt and pay fees
and expenses. The B1 rating is the same as the Corporate Family
Rating because it will represent the vast majority of the
liabilities in the capital structure going forward. It is INC's
intention to repay all or part of the unsecured notes with
proceeds of the new term loan, cash on hand, and the proceeds of a
public equity offering. Moody's believes that, in the absence of a
public equity offering, INC will pursue repayment of a portion of
the unsecured bonds with proceeds of the new term loan and cash on
hand (which stood at nearly $140 million at June 30) and will
repay the remaining portion of the notes over time with cash that
is generated from operations. Moody's will withdraw the rating on
the unsecured notes once the company has repaid substantially all
of the notes.

Ratings upgraded:

INC Research, LLC

Corporate Family Rating, upgraded to B1 from B2;

Probability of Default Rating, upgraded to B1-PD from B2-PD;

$75 million senior secured revolving credit facility due 2016,
to Ba2 (LGD2) from Ba3 (LGD2)

$300 million senior secured term loan due 2018, to Ba2 (LGD2)
from Ba3 (LGD2)

$300 million senior unsecured notes due 2019, to B3 (LGD5) from
Caa1 (LGD5)

Ratings assigned:

$100 million senior secured revolving credit facility due 2019,
at B1 (LGD3)

$425 million senior secured term loan due 2021, at B1 (LGD3)

The outlook is positive.

Rating Rationale

The B1 Corporate Family Rating is constrained by INC Research's
modest size, both on an absolute basis as well as relative to
several much larger competitors within the highly competitive CRO
industry. The B1 is also constrained by INC's leverage which
Moody's expects will be around 4.0x over the near-term, absent an
IPO. The ratings are also constrained by project cancellation risk
that is inherent in the CRO industry, which can lead to volatility
in revenue and cash flow. The ratings are supported by solid
recent business wins, and strong industry-wide growth trends which
support a favorable business outlook for INC Research. The ratings
are also supported by Moody's expectation for good liquidity,
relatively conservative financial policies and healthy free cash
flow.

The positive outlook reflects the potential for further
deleveraging given INC's plans to use equity proceeds to repay
debt and Moody's expectation that even absent an IPO the company
would repay its high cost unsecured notes with cash flow. The
refinancing of the 11.5% unsecured bonds will reduce the company's
interest expense considerably, allowing it to substantially expand
its free cash generation and financial flexibility. Reduced
leveraged and improved financial flexibility is important to
offset the potential for volatility in the industry tied to
project cancellations risk.

If INC is able to sustain strong net new business wins and
demonstrates continued growth of revenue and EBITDA of at least
mid-single digits coupled with debt repayment such that adjusted
debt to EBITDA is expected to be sustained below 3.0x, Moody's
could upgrade the ratings.

Weak net new business, elevated project cancellations or sustained
declines in profit margins such that adjusted debt to EBITDA is
expected to be sustained above 5.0x could lead to a ratings
downgrade. Further, any material weakening of liquidity, or
material acquisitions or shareholder dividends could also lead to
a downgrade.

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

INC Research is a leading global CRO providing outsourced contract
research for pharmaceutical and biotechnology companies. INC's
main area of focus is late-stage clinical trials. The company is
privately held by Avista Capital Partners and Ontario Teachers'
Pension Plan. Net service revenues for the twelve months ended
June 30 2014 approximated $732 million.


INC RESEARCH: S&P Puts 'B+' CCR on CreditWatch Positive
-------------------------------------------------------
Standard & Poor's Ratings Services placed its 'B+' corporate
credit rating on Raleigh, N.C.-based CRO INC Research LLC on
CreditWatch with positive implications following the company's
announcement that it will go public and use net proceeds from the
IPO to repay debt.

"At the same time, we are assigning our 'B+' issue-level rating
and '3' recovery rating to the company's proposed senior secured
credit facilities, consisting of a five year, $100 million
revolving credit facility and a seven year, $425 million term loan
B.  Our '3' recovery rating reflects our expectation for
meaningful (50%-70%) recovery in the event of payment default.
This rating is on CreditWatch with positive expectations,
reflecting our intention to raise it one notch (to 'BB-') when the
IPO is completed.  The new senior secured debt has a lower
recovery rating than existing debt, because the new capital
structure has a higher percentage of senior secured debt.  The 'B'
issue-level rating and '5' recovery rating on the company's
unsecured debt are unaffected by this announcement," S&P said.

"Our corporate credit rating on INC currently reflects pro forma
leverage as of June 30, 2014 of around 4x (pro forma this
refinancing, but not pro forma the IPO)," said credit analyst
Shannan Murphy.  "This is consistent with an 'aggressive'
financial risk profile."

S&P expects to resolve its CreditWatch placement upon completion
of the IPO.  At that time, S&P would expect to raise the corporate
credit rating to 'BB-'.  S&P will also raise the senior secured
issue-level rating to 'BB-', reflecting the higher corporate
credit rating.  S&P expects to withdraw its ratings on INC's
existing senior secured debt and its unsecured notes when the debt
is repaid following the refinancing and IPO.


INERGETICS INC: Amends Promissory Note With 31 Group LLC
--------------------------------------------------------
Inergetics, Inc., had amended its 12% secured subordinated
convertible promissory note with 31 Group, LLC, in the principal
amount of $1,500,000 to, among other things, lower the principal
amount of the Note to $1,000,000 and insert a provision previously
agreed to by the Company and the Investor.  The Note was issued on
July 14, 2014.

The amended and restated Note makes the following changes to the
original Note:

The principal amount of the Note was lowered to $1,000,000.  The
original Note was in the principal amount of $1,500,000.  However,
it provided that upon the happening of certain events, the
principal amount of the Note would drop.  Specifically, if the
Company filed a registration statement with the Securities and
Exchange Commission covering the resale of the shares of Common
Stock issuable upon conversion of the Note and exercise of the
Warrant issued in conjunction therewith on or before 45 days after
July 14, 2014, the principal amount of the Note would be reduced
by $200,000, and if the registration statement was declared
effective by the SEC within 120 days of July 14, 2014, the
principal amount of the Notes would be further reduced by
$300,000.  The amended and restated Note removes all references to
the Principal Reductions.

A new section 1.10 concerning mandatory prepayment has been added.
It provides that, if at any time while the Note remains
outstanding, the volume weighted average price as reported by
Bloomberg LP of the Company's Common Stock for any Trading Day
will be equal to or less than the Floor Price of $0.031 per share,
the Company will be required to pay the Investor 140% of the
entire outstanding principal amount of the Note, plus any accrued
but unpaid interest no later than ten business days after the
Prepayment Event.  In the event the Mandatory Prepayment is not
made timely, the Floor Price will be removed.  A Prepayment Event
occurred, the Company was not able to make the Mandatory
Prepayment and, effective Sept. 29, 2014, the Floor Price was
removed.

The Company has agreed to use its best efforts to prepare and file
with the SEC a registration statement covering the resale of all
of the shares of Common Stock issuable upon conversion of the
Amended and Restated Note and the related Warrants on or before
Oct. 30, 2014, and to use its commercially reasonable efforts to
cause the registration statement to be declared effective as
promptly as possible after the filing thereof.

                        About Inergetics Inc.

Paramus, N.J.-based Inergetics, Inc., formerly Millennium
Biotechnologies Group, Inc., is a holding company for its
subsidiary Millennium Biotechnologies, Inc.  Millennium is a
research based bio-nutraceutical corporation involved in the field
of nutritional science.  Millennium's principal source of revenue
is from sales of its nutraceutical supplements, Resurgex Select(R)
and Resurgex Essential(TM) and Resurgex Essential Plus(TM) which
serve as a nutritional support for immuno-compromised individuals
undergoing medical treatment for chronic debilitating diseases.
Millennium has developed Surgex for the sport nutritional market.
The Company's efforts going forward will focus on sales of Surgex
in powder, bar and ready to drink forms.

The Company's balance sheet at June 30, 2014, showed $3.01 million
in total assets, $12.68 million in total liabilities, $9.09
million in preferred stock and a stockholders' deficit of
$18.76 million.

The Company stated in its quarterly report for the period ended
June 30, 2014, that "The Company's future success is dependent
upon its ability to achieve profitable operations and generate
cash from operating activities, and upon additional financing.
Management believes they can raise the appropriate funds needed to
support their business plan and develop an operating company which
is cash flow positive.

"However, the Company has a working capital deficit, significant
debt outstanding, incurred substantial net losses for the six
months ended June 30, 2014 and 2013 and has accumulated a deficit
of approximately $91 million at June 30, 2014.  The Company has
not been able to generate sufficient cash from operating
activities to fund its ongoing operations.  There is no guarantee
that the Company will be able to generate enough revenue and/or
raise capital to support its operations.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern."


INTERFACE INC: S&P Ups Corp. Credit Rating to BB+; Outlook Stable
-----------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Atlanta, Ga.-based Interface Inc. to 'BB+' from 'BB'.
The outlook is stable.  At the same time, S&P raised the issue-
level ratings on the senior notes one notch to 'BB+' from 'BB'.
The recovery ratings remain unchanged at '3', indicating S&P's
expectation of meaningful (50% to 70%) recovery in the event of
default.

The company recently announced its intention to redeem its senior
notes before year-end.  At that time, S&P would withdraw the
issue-level ratings on the senior notes.

"The upgrade reflects our expectation that improving industry
fundamentals will boost the company's EBITDA, resulting in credit
measures sustained at levels commensurate with an 'intermediate'
financial risk profile, with leverage about 2x and funds from
operations to debt about 35%," said Standard & Poor's credit
analyst Maurice Austin.

"Our 'satisfactory' business risk profile assessment of Interface
reflects its 35% market share in the worldwide modular carpet
segment, which has been growing faster than the rest of the floor
covering market over the past decade, and its participation in the
replacement and remodeling market, which typically has been less
cyclical than new construction.  The company also primarily serves
commercial customers and would benefit from a rebound in currently
weak commercial construction levels.  In the longer term, we
expect the company to benefit from its international
diversification and expansion into newer segments, such as its
FLOR retail stores.  Tempering these strengths is the company's
participation in a highly competitive industry, as well as its
exposure to volatile raw material costs, particularly resins," S&P
said.  S&P views the company's liquidity to be "adequate."

Interface Inc. manufactures carpets, principally modular tiles,
but also broadloom, principally for the commercial market.
Interface caters primarily to the specified market, in which
products are manufactured to the specifications of architects and
designers, compared with the nonspecified markets, in which
products are purchased off the shelf.

S&P's stable rating outlook on Interface Inc. reflects its
expectations that sales of its modular carpet and other products
will grow in the mid-single digits over the next year, in line
with S&P's view of the overall economy.  S&P also expect leverage
(currently 2.2x) of about 2x with FFO to debt of about 35%,
commensurate with S&P's assessment of an "intermediate" financial
risk profile.

S&P would lower the rating during the next 12 months if forecasted
EBITDA fell more than 35% and leverage exceeded 3x.  This could
occur if commercial demand dropped sharply, perhaps because of a
deep global recession, and if raw materials costs spiked.

S&P considers an upgrade as highly unlikely in the next year.
However, S&P would consider an upgrade if there is a significant
change in the business risk profile in which Interface gains
additional size and scope such that S&P would reconsider its
assessment of its "satisfactory" business risk.


INTERMETRO COMMUNICATIONS: Gumbiner Savett Dismissed as Auditors
----------------------------------------------------------------
InterMetro Communications Inc. dismissed Gumbiner Savett, Inc., as
its independent auditor, according to a regulatory filing with the
U.S. Securities and Exchange Commission.

The reports of Gumbiner Savett on the Company's consolidated
financial statements as of and for the years ended Dec. 31, 2012,
and 2013 did not contain an adverse opinion or a disclaimer of
opinion, and were not qualified or modified as to uncertainty,
audit scope or accounting principles, except that the Independent
Auditor's Report for those periods contains an explanatory
paragraph expressing substantial doubt about the Company's ability
to continue as a going concern.  The Company's ability to continue
as a going concern will require additional financings if its
ability to generate cash from operations does not fund required
payments on its debt obligations.  Additionally, the Company said
it has other significant matters such as vendor disputes and
lawsuits that could have material adverse consequences to the
Company, including possible cessation of operations.

The Company maintained the dismissal was not a result of any
disagreement with accounting firm.

The dismissal of GS was made after approval of the Company's audit
committee.  The Company and its audit committee has commenced a
competitive process to determine what audit firm will serve as the
Company's independent registered public accounting firm for the
year ended Dec. 31, 2014.

                         About InterMetro

Simi Valley, Calif.-based InterMetro Communications, Inc.,
-- http://www.intermetro.net/-- is a Nevada corporation which
through its wholly owned subsidiary, InterMetro Communications,
Inc. (Delaware), is engaged in the business of providing voice
over Internet Protocol ("VoIP") communications services.

InterMetro Communications reported a net loss of $2.45 million on
$11.57 million of net revenues for the year ended Dec. 31, 2013,
as compared with net income of $699,000 on $20.06 million of net
revenues in 2012.

As of June 30, 2014, the Company had $3.36 million in total
assets, $15.73 million in total liabilities and a $12.36 million
total stockholders' deficit.

Gumbiner Savett Inc., in Santa Monica, 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 incurred net losses in previous years, and as of
Dec. 31, 2013, the Company had a working capital deficit of
approximately $12,082,000 and a total stockholders' deficit of
approximately $12,426,000.  The Company anticipates that it will
not have sufficient cash flow to fund its operations in the near
term and through fiscal 2014 without the completion of additional
financing.  These factors, among other things, raise substantial
doubt about the Company's ability to continue as a going concern


INVERSIONES ALSACIA: Targeting November Confirmation of Plan
------------------------------------------------------------
Chilean bus operator Inversiones Alsacia S.A. and its affiliates
intend to seek confirmation Nov. 25 of their prepackaged Chapter
11 plan that would restructure $347.3 million in senior secured
notes but leave other creditors and the owners unimpaired.

Alsacia, et al., are asking the United States Bankruptcy Court for
the Southern District of New York to approve this timeline in
connection with the plan approval process:

    * Voting Record Date: Sept. 5, 2014
    * Commencement of Solicitation: Sept. 15, 2014
    * Voting Deadline: Oct. 10, 2014 at 5:00 p.m. (EST)
    * Petition Date: Oct. 16, 2014
    * Mailing of Confirmation Hearing Notice: Oct. 21, 2014
    * Plan Supplement Nov. 13, 2014
    * Objection Deadline: Nov. 18, 2014
    * Reply Deadline: Nov. 21, 2014
    * Confirmation Hearing: Nov. 25, 2014

                         Capital Structure

As of the bankruptcy filing, the Debtors carry approximately
$368.1 million in debt:

  -- an outstanding principal balance of $347.3 million, plus
$18.4 million in respect of unpaid interest accrued, under senior
secured notes, governed by finance agreements with Banco Santander
Chile as Chilean collateral trustee, and The Bank of New York
Mellon, as U.S. collateral trustee, and which notes are secured by
a first priority lien on substantially all of the Debtors' assets;

  -- an outstanding principal balance of $10.2 million under a bus
terminal loan from Banco Internacional, which loan matures in
2018; and

  -- $10.6 million in outstanding principal under an agreement
with Volvo Commercial Vehicles and Construction Equipment South
Cone SpA and VTF Latin America S.A. to finance the purchase spare
parts, equipment and service, with inventory orders accruing
interest at 7.5%, over a five-year period, and with a repayment is
due on Feb. 18, 2015.

                             Debt Woes

"A restructuring of the Debtors? balance sheets is necessary
because the Debtors are not able to meet their financial
obligations unless the debt is restructured.  Since the issuance
of the Senior Secured Notes in 2011, the Debtors? revenues have
not grown to a level necessary to support the Debtors? existing
debt obligations under their current terms.  The Debtors have
struggled financially due to a number of factors, including
unfavorable amendments to the Concession Agreements, rising fare
evasion and declining passenger traffic, an ongoing bus overhaul
program and existing debt service obligations," Jose Ferrer
Fernandez, CEO of Alsacia, explained in a court filing.

During 2013, the Debtors reported revenues of $431.7 million and
generated $59.3 million in EBITDA.

The Debtors' current cash flows could not support upcoming
payments to holders of the Senior Secured Notes.  Absent a
restructuring, semiannual interest payments on the Senior Secured
Notes, at a rate of 8.0% percent per year, would amount to an
interest expenditure of $40.2 million and semi-annual principal
payments would amount to a projected cash expenditure of $89.9
million.

On Aug. 18, 2014, Alsacia failed to make the principal payment due
on the Senior Secured Notes, and that failure constituted an event
of default.

Over the last several months, the Debtors engaged in extensive
negotiations and discussions with an informal group of holders of
63% of the outstanding Senior Secured Notes, which culminated in
the execution of the Restructuring and Plan Support Agreement,
dated as of Aug. 31, 2014.

Following the execution of the RPSA, the Debtors commenced a
prepackaged solicitation of the Prepack Plan on Sept. 15.  As of
the Oct. 10 voting deadline, according to Prime Clerk LLC, the
balloting agent, 100% in amount and number of the holders of
Senior Secured Notes Claims that cast ballots, constituting 82.6%
of the outstanding amount, voted to accept the Plan.

                            Plan Terms

The Debtors only solicited votes from holders of senior secured
noteholders as they belong to the only class that's impaired under
the Plan.  Holders of all other claims and interests will receive
treatment that renders such allowed claim or interest unimpaired
or reinstated.

The salient terms of the Plan are:

   -- The Debtors' obligations to holders of the Senior Secured
Notes will be restructured to provide that:

       (i) Qualified Holders of the Notes will each receive their
pro rata share of the New Notes in accordance with the terms set
forth in the Plan;

      (ii) Non-Qualified Holders of the Notes will receive an
amount in U.S. dollars equal to the product of (a) the principal
amount of the New Notes that the relevant Non-Qualified Holder
would have received based on its holding of Senior Secured Notes
if it were a Qualified Holder multiplied by (b) the volume-
weighted average price of the New Notes (as calculated in
accordance with the Plan); and

     (iii) All holders of Senior Secured Notes Claims will receive
an amount equal to the accrued interest on the principal amount of
the Senior Secured Notes from (and including) October 1, 2014
through (and excluding) the date on which the New Notes are issued
(based upon a principal amount of $364,433,466.67), paid in cash.

   -- The New Notes will have a maximum aggregate principal amount
equal to (i) US$347.3 million plus (ii) the amount of accrued and
unpaid interest at 8.0% per annum under the Senior Secured Notes
through and including September 30, 2014.  The Debtors calculate
that the accrued and unpaid interest on the Senior Secured Notes
through and including Sept. 30, 2014 will total US$17.1 million,
resulting in a maximum aggregate principal amount of the New Notes
of US$364.4 million, subject to reduction. Interest will accrue on
the total principal amount and shall be payable in cash semi-
annually.  The New Notes will accrue interest at the rate of 8.0%
per annum.  Interest on overdue principal and interest will accrue
at a rate that is 1.0% higher than the then-applicable interest
rate on the New Notes.

   -- Holders of Allowed Administrative Claims, Allowed
Professional Claims, Allowed Priority Tax Claims, Allowed Other
Secured Claims (including any and all Claims arising under or in
connection with the Bus Terminal Loan), Allowed Other Priority
Claims, Allowed General Unsecured Claims and Allowed Subordinated
Claims will be paid in full in Cash or receive other treatment, as
provided under the Plan, that renders such Allowed Claim
Unimpaired.

   -- Each Allowed Intercompany Claim will be, at the election of
the Reorganized Debtors, subject to the prior written consent of
the Requisite Consenting Senior Secured Noteholders (which consent
shall not be unreasonably withheld), either (i) released, waived
and discharged as of the Effective Date, (ii) contributed to the
capital of the obligor Entity, (iii) dividended or (iv) remain
Unimpaired, as may be agreed to by the applicable Reorganized
Debtor and the Holder of such Intercompany Claim, subject to the
requirements of and restrictions in the indenture for the New
Notes, if any.

   -- Executory contracts and unexpired leases will be assumed by
the Reorganized Debtors unless listed on the "rejection schedule"
or rejected pursuant to an order of Bankruptcy Court.

   -- All Allowed Interests will be reinstated.

A "Qualified Holder" means a Senior Secured Noteholder that
certifies that it is: (a) a "Qualified Institutional Buyer" as
such term is defined in 230 CFR 144A(a); (b) an "Accredited
Investor" as defined in Rule 501(a) under the Securities Act; or
(c) a person other than a "U.S. Person", as such term is defined
in Rule 901(k) under the Securities Act, that is not located in
the United States of America.   A "Non-Qualified Holder" means a
Senior Secured Noteholder that: (a) certifies that it is not (i) a
"Qualified Institutional Buyer", (ii) an "Accredited Investor"
(iii) a Person other than "U.S. Persons"; and (b) holds Senior
Secured Notes in a principal amount that is less than $150,000.

While other creditors are slated to recover 100%, holders of the
Notes have a projected recovery of 46.6%.  The projected recovery
for Senior Secured Notes Claims is based on a net present value
calculation at an 8.0% discount rate of the projected interest,
mandatory amortizations and expected excess cash flows of the
Reorganized Debtors through Dec. 31, 2018, assuming that there is
no extension of the Concession Agreements beyond their scheduled
expiration of Oct. 22, 2018.  However, if the concessions are
extended beyond October 22, 2018, the recovery for Class A (Senior
Secured Notes Claims) may be higher because the terms of the New
Notes provide for their maturity to be extended and for additional
amortizations to be made on the New Notes.

According to the Plan, the owners Carlos Mario Rios Velilla,
Francisco Javier Rios Velilla and each of their respective spouses
have agreed to enter into a non-compete agreement, which provides
that they will not engage in any business activity relating to the
bus routes in the Santiago, Chile metropolitan area.

A copy of the Plan is available for free at:

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

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

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

                          About Alsacia

Inversiones Alsacia, together with its affiliate, Express de
Santiago Uno S.A., are collectively the largest operator in the
Transantiago Transportation System, transporting approximately
800,000 passengers every day, throughout 35 communities in
Santiago, Chile, which accounts for more than 30% of the
passengers in Transantiago.  Alsacia and Express have the right to
provide the transportation services pursuant to concession
agreements with Chile's Ministry of Transportation and
Telecommunications, which agreements expire October 2018.

Alsacia and Express belong to non-debtor Global Public Services
S.A. ("GPS Group"), an international holding company with
interests in public passenger transportation, environmental
solutions, outsourcing services and real estate development in
Chile, Colombia, Panama, Peru and the United States of America.
The GPS Group is controlled by Carlos Mario Ros Velilla and
Francisco Javier Ros Velilla and several of their affiliates.

The Debtors have tapped Cleary Gottlieb Steen & Hamilton, LLP, as
bankruptcy counsel, FTI Consulting as financial advisor, and Prime
Clerk LLC as claims and balloting agent.


ITR CONCESSION: To Put Toll Road Lease on Sale
----------------------------------------------
Fernando Redondo -- CEO of Indiana Toll Road Concession Company
CEO Fernando Redondo, which filed for Chapter 11 bankruptcy in
September -- said that the Toll Road lease will be put on sale,
Keith Benman at Nwitimes.com reports.

The Indiana Finance Authority must approve any sale, Nwitimes.com
says, citing Mr. Redondo.

Nwitimes.com relates that under ITRCC's reorganization plan, the
road would be refinanced if the lease cannot be sold, with its
total debt of more than $6 billion being written down by more than
$3 billion.

Nwitimes.com states that since ITRCC's bankruptcy, some elected
officials have called for Indiana to exert its rights under the
lease and take the road back.  However, bondholders, who could
claim to be owed billions of dollars, might sue the state if it
did commandeer the road, the report adds.

According to Nwitimes.com, the Toll Road Oversight Board members
are confident that ITRCC's bankruptcy won't harm customer service,
but are concerned about getting complaints about the service
stops.  "We get more complaints about the service stops than
anything else," Nwitimes.com quoted board member John Letterman as
saying.

Nwitimes.com reports that Mr. Redondo assured the board, saying,
"From a cleanliness point of view we are doing everything we can.
I would say the most important thing now is monitoring."


JEFFERSON COUNTY, AL: Responds to Ruling that Threatens Plan
------------------------------------------------------------
Barnett Wright, writing for AL.com, reported that Jefferson County
wants the U.S. Court of Appeals to allow an immediate appeal of a
federal judge's ruling that says sewer customers can continue
their challenge of a bankruptcy exit plan.  According to the
report, U.S. District Court Judge Sharon Blackburn declined to
dismiss as moot an appeal of the bankruptcy court's confirmation
order filed by several sewer ratepayers.  In a motion filed with
the court, the county asks Blackburn to allow it to appeal the
ruling to the United States Court of Appeals for the 11th Circuit,
the report related.

                     About Jefferson County

Jefferson County has its seat in Birmingham, Alabama.  It has a
population of 660,000.

Jefferson County filed a bankruptcy petition under Chapter 9
(Bankr. N.D. Ala. Case No. 11-05736) on Nov. 9, 2011, after an
agreement among elected officials and investors to refinance
$3.1 billion in sewer bonds fell apart.

John S. Young Jr. LLC was appointed as receiver by Alabama Circuit
Court Judge Albert Johnson in September 2010.

Jefferson County's bankruptcy represents the largest municipal
debt adjustment of all time.  The county said that long-term debt
is $4.23 billion, including about $3.1 billion in defaulted sewer
bonds where the debt holders can look only to the sewer system for
payment.

The county said it would use the bankruptcy court to put a value
on the sewer system, in the process fixing the amount bondholders
should be paid through Chapter 9.

Judge Thomas B. Bennett presides over the Chapter 9 case.  Lawyers
at Bradley Arant Boult Cummings LLP and Klee, Tuchin, Bogdanoff &
Stern LLP, led by Kenneth Klee, represent the Debtor as counsel.
Kurtzman Carson Consultants LLC serves as claims and noticing
agent.  Jefferson estimated more than $1 billion in assets.  The
petition was signed by David Carrington, president.

The bankruptcy judge in January 2012 ruled that the state court-
appointed receiver for the sewer system largely lost control as a
result of the bankruptcy. Before deciding whether Jefferson County
is eligible for Chapter 9, the bankruptcy judge will allow the
Alabama Supreme Court to decide whether sewer warrants are the
equivalent of "funding or refunding bonds" required under state
law before a municipality can be in bankruptcy.

U.S. District Judge Thomas B. Bennett ruled in March 2012 that
Jefferson County is eligible under state law to pursue a debt
restructuring under Chapter 9.  Holders of more than $3 billion in
defaulted sewer debt had challenged the county's right to be in
Chapter 9.

In June 2013, the county reached settlement with holders of
78 percent of the $3.1 billion in sewer debt at the core of the
county's financial problems.  The bondholders will be paid
$1.84 billion through a refinancing, according to a term sheet.
The settlement calls for JPMorgan Chase & Co., the owner of
$1.22 billion in bonds, to make the largest concessions so other
bondholder will recover more.

On June 30, 2013, Jefferson County filed a Chapter 9 plan of debt
adjustment.  Pursuant to the Plan, sewer bondholders will receive
65 percent in cash.  If they elect to waive claims against
JPMorgan and bond insurers, they receive 80 percent in cash.
Bondholders supporting the plan already agreed to waive claims and
receive the larger recovery.  Existing sewer bonds will be
canceled in exchange for payments under the plan.  The county will
fund plan distributions by selling new sewer bonds calculated to
generate $1.96 billion to cover the $1.84 billion earmarked for
existing sewer bondholders.  JPMorgan has agreed to waive $842
million of the sewer debt and a $657 million swap debt, resulting
in an 88 percent overall write off by JPMorgan.  To finance the
new sewer bonds, there will be 7.4 percent in rate increases for
sewer customers in each of the first four years.  In later years,
rate increases will be 3.5 percent.

On Aug. 7, 2013, the Court approved the disclosure statement
explaining the Chapter 9 Plan of Adjustment for Jefferson County,
Alabama.  Jefferson County emerged from bankruptcy on Dec. 3 by
implementing the municipal debt-adjustment plan that was approved
on Nov. 22 when the U.S. bankruptcy judge in Birmingham signed a
confirmation order.


LAKELAND INDUSTRIES: Obtains RMB 5-Mil. Loan From Bank of China
---------------------------------------------------------------
Lakeland Industries, Inc.'s China subsidiary, Weifang Lakeland
Safety Products Co., Ltd, and Bank of China Anqiu Branch entered
into a loan agreement on Oct. 11, 2014, to obtain a line of credit
for financing in the amount RMB 5,000,000 (approximately USD
$816,000).  Weifang Lakeland intends to draw down most of the line
of credit amount, if not all, within a relatively short period of
time.  Below is a summary of the material terms of the loan
facility:

Amount of loan: RMB 5,000,000

Life of loan: Due October 10, 2015

Purpose of loan: Purchase of material

Collateral is inventory owned by WF

Interest rate of loan and calculation:

   * Interest to be at 123% of the benchmark rate supplied by
     Lender (which is currently 6% per annum).

   *Effective per annum interest rate: 7.38% per annum;

Repayment of loan: within a one year period, optional payment
                   periods, quarterly or monthly.

As of Oct. 14, 2014, no borrowings have been drawn down from this
facility.

                     CEO Employment Agreement

The Company entered into an employment agreement with Gary
Pokrassa, its chief financial officer on Oct. 13, 2014.  The term
of the Agreement is 18 months from Feb. 1, 2015, through July 31,
2016.  Mr. Pokrassa's current employment agreement expires on
Jan. 31, 2015.

The Agreement provides for a base salary of $250,000 per year.
Mr. Pokrassa may also be awarded an annual incentive bonus of
between 80% and 120% of his target bonus amount of $85,000,
subject to adjustment by the Compensation Committee of the
Company's Board of Directors based upon the Company's achievement
of certain earnings per share targets established by the
Compensation Committee with input by Mr. Pokrassa.  Payment of the
annual bonus, if any, will be made in accordance with the
Company?s normal payroll procedures, but no later than June 1st
following the year for which the annual bonus was earned.  The
annual bonus will be calculated each May during the Term
commencing in May 2015.  In the event that Mr. Pokrassa's
employment is terminated on or after July 31, 2016, during the
fiscal year ending Jan. 31, 2017, for any reason other than Cause,
then he will be paid a pro-rata portion of any annual bonus for
such fiscal year up to the date of termination, which will be
determined in good faith by the Compensation Committee.

                     About Lakeland Industries

Ronkonkoma, N.Y.-based Lakeland Industries, Inc., manufactures and
sells a comprehensive line of safety garments and accessories for
the industrial protective clothing market.

The Company reported a net loss of $26.3 million on $95.1 million
of net sales for the year ended Jan. 31, 2013, as compared with a
net loss of $376,825 on $96.3 million of sales for the year ended
Jan. 31, 2012.

The Company's balance sheet at July 31, 2014, showed
$87.9 million in total assets, $40.9 million in total liabilities
and $46.9 million in total stockholders' equity.

In their report on the consolidated financial statements for the
year ended Jan. 31, 2013, Warren Averett, LLC, in Birmingham,
Alabama, expressed substantial doubt about Lakeland Industries'
ability to continue as a going concern.  The independent auditors
noted that Company is in default on certain covenants of its loan
agreements at Jan. 31, 2013.  "The lenders have not waived these
events of default and may demand repayment at any time.
Management is currently trying to secure replacement financing but
does not have new financing available at the date of this report."


LAKELAND INDUSTRIES: Ansell USA Lowers Equity Stake to 1.5%
-----------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Ansell USA Inc. (f/k/a Pacific Dunlop
Investments (USA) Inc.), disclosed that as of Oct. 15, 2014, they
beneficially owned 78,420 shares of common stock of Lakeland
Industries, Inc., representing 1.5 percent of the shares
outstanding.

On Oct. 15, 2014, Ansell USA executed open market sales on the
NASDAQ stock exchange for the sale of 426,460 shares of Common
Stock at an average per share price of $24.39567, for aggregate
proceeds to the Reporting Persons of $10,403,777.

The reporting persons said these transactions satisfy their
objective for monetizing the Common Stock.

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

                        http://is.gd/MWG0fT

                      About Lakeland Industries

Ronkonkoma, N.Y.-based Lakeland Industries, Inc., manufactures and
sells a comprehensive line of safety garments and accessories for
the industrial protective clothing market.

The Company reported a net loss of $26.3 million on $95.1 million
of net sales for the year ended Jan. 31, 2013, as compared with a
net loss of $376,825 on $96.3 million of sales for the year ended
Jan. 31, 2012.

The Company's balance sheet at July 31, 2014, showed
$87.9 million in total assets, $40.9 million in total liabilities
and $46.9 million in total stockholders' equity.

In their report on the consolidated financial statements for the
year ended Jan. 31, 2013, Warren Averett, LLC, in Birmingham,
Alabama, expressed substantial doubt about Lakeland Industries'
ability to continue as a going concern.  The independent auditors
noted that Company is in default on certain covenants of its loan
agreements at Jan. 31, 2013.  "The lenders have not waived these
events of default and may demand repayment at any time.
Management is currently trying to secure replacement financing but
does not have new financing available at the date of this report."


LEHMAN BROTHERS: Resumes Repo-Market Battle with JP Morgan
----------------------------------------------------------
Patrick Fitzgerald and Ryan Tracy, writing for Daily Bankruptcy
Review, reported that as regulators seek to rein in the
multitrillion-dollar repo market, lawyers for the postbankruptcy
estate of Lehman Brothers Holdings Inc. and J.P. Morgan & Co. are
still battling in a crisis-era lawsuit over what Lehman claims was
the bank's "voracious" cash grab in the investment bank's final
days.  According to the report, in a filing with U.S. District
Court in New York, lawyers for Lehman and its creditors said J.P.
Morgan used its "life-or-death leverage" as Lehman's primary
clearing bank to force Lehman into handing over virtually all of
its remaining liquidity to "create an $8.6 billion slush fund."

                      About Lehman Brothers

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

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

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

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

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

               International Operations Collapse

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

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

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


LIBERTY TOWERS: Staten Island Property Owner Returns to Ch. 11
--------------------------------------------------------------
Liberty Towers Realty LLC sought bankruptcy protection in
Brooklyn, New York (Bankr. E.D.N.Y. Case No. 14-45187) on Oct. 15,
2014, just three years after the dismissal of its previous Chapter
11 case.

The Debtor, which estimated assets and debt ranging from
$10 million to $50 million filed a list of properties:

   * 170 Richmond Terrace, Staten Island, New York;

   * 178 Richmond Terrace, Staten Island, New York;

   * 20-24 Stuyvesant Place (a/k/a 27-33 Hamilton Avenue),
     Staten Island, New York;

   * 18 Stuyvesant Place, Staten Island, New York; and

   * 8 Stuyvesant Place, Staten Island, New York.

Liberty Towers' case was initially assigned to Judge Carla E.
Craig but has been reassigned to Judge Elizabeth S. Stong due to
Liberty's previous bankruptcy case (Case 11-42589).  The previous
case was dismissed July 27, 2011.

Related entity Liberty Towers Realty I, LLC also sought bankruptcy
protection (Case No. 14-45189) on Oct. 15.  It estimated $10
million to $50 million in assets and debt and disclosed these
properties:

    * 180 Richmond Terrace, Staten Island, New York;
    * 184 Richmond Terrace, Staten Island, New York;
    * 186 Richmond Terrace, Staten Island, New York;
    * 188 Richmond Terrace, Staten Island, New York;
    * 190 Richmond Terrace, Staten Island, New York;
    * 192 Richmond Terrace, Staten Island, New York; and
    * 194 Richmond Terrace, Staten Island, New York.

The Debtors are represented by David Carlebach, Esq., at The
Carlebach Law Group, in New York.


LPATH INC: Registers 3.6 Million Common Shares for Resale
---------------------------------------------------------
LPath, Inc., filed with the U.S. Securities and Exchange
Commission a Form S-3 registration statement relating to the
offering by HBM Healthcare Investments (Cayman) Ltd., Avara
Management Ltd., Sabby Management, LLC, et al., of up to 3,605,042
shares of the Company's common stock they may acquire upon the
exercise of outstanding warrants.

The Company issued the warrants to the selling stockholders in a
private placement financing the Company completed in September
2014.  The warrants have an exercise price of $3.36 per share.
The Company will not receive any proceeds from the resale of the
shares of its common stock by the selling stockholders.  Any
proceeds received by the Company from the exercise of the warrants
will be used for general corporate purposes.

The Company's common stock is traded on the NASDAQ Capital Market
under the symbol "LPTN."  On Oct. 13, 2014, the closing sale price
of the Company's common stock on the Nasdaq Capital Market was
$3.02 per share.

A copy of the Form S-3 prospectus is available for free at:

                        http://is.gd/58Zye4

                            About LPath

San Diego, Calif.-based Lpath, Inc. is a biotechnology company
focused on the discovery and development of lipidomic-based
therapeutics, an emerging field of medical science whereby
bioactive lipids are targeted to treat human diseases.

LPath reported a net loss of $6.56 million in 2013, a net loss of
$2.75 million in 2012 and a net loss of $3.11 million in 2011.

As of June 30, 2014, the Company had $18.40 million in total
assets, $5.26 million in total liabilities and $13.14 million in
total stockholders' equity.


LSB INDUSTRIES: S&P Revises Outlook to Pos. & Affirms 'B+' CCR
--------------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook on
Oklahoma City-based LSB Industries Inc. to positive from stable.
At the same time, S&P affirmed its 'B+' corporate credit rating on
LSB and its 'B+' issue rating on the company's senior secured
notes.

"The outlook revision to positive reflects our expectation that a
combination of a full and sustainable recovery from operational
problems at all facilities and favorable industry conditions could
push credit measures to a level consistent with a 'significant'
financial risk profile over the next year," said Standard & Poor's
credit analyst Seamus Ryan.  At this point, S&P would expect funds
from operations (FFO) to debt to approach 20%, while debt to
EBITDA remains below 4.0x.  Although current credit measures
surpass these levels, they include the benefit of significant
nonrecurring insurance recoveries, which will not affect results
on a forward-looking basis.

"Our assessment of LSB's business risk profile as "weak" reflects
the company's somewhat limited positions within the nitrogen-based
chemicals and climate control industries.  Although the company's
market share in nitrogen-based fertilizers is small relative to
industry leaders, it should benefit from favorable industry
dynamics, including an advantageous cost position as a North
American producer.  Nitrogen sales into the industrial and mining
end markets provide additional diversity to the company's chemical
business.  In addition, we expect sales from the company's
relatively stable climate control segment to dampen potential
earnings volatility.  LSB's profitability should improve over the
next year as the company recovers well from several facility
shutdowns in recent years.  In addition, we believe LSB's ongoing
capital investments will likely improve the company's capacity and
operating cost position by the end of 2015," S&P noted.

The positive outlook on LSB reflects S&P's expectation that a
sustained recovery in the company's operations at all facilities
could lead to better credit measures over the next year.  S&P
believes these improvements, along with generally favorable
industry conditions, could potentially support a "significant"
financial risk profile.

S&P could raise the ratings if all of the company's chemical
facilities continue to produce with minimal unscheduled downtime
over the next year and the company's nitrogen-based end markets
remain relatively favorable.  To raise the ratings, S&P would also
expect no significant increases to the company's capital spending
plan, or increased debt to fund further growth or returns to
shareholders.  In this scenario, S&P would expect FFO to debt to
approach 20% and debt to EBITDA to remain below 4.0x.

S&P could revise the outlook to stable if meaningful operating
problems reoccur at any of the company's facilities over the next
year.  In this scenario, S&P believes FFO to debt would remain
well below 20% beyond the next year.  S&P could also revise the
outlook to stable if the company requires additional debt, either
because of unexpected cost overruns or additions to its capital
spending plan, that would limit its ability to reduce leverage
over the next year.


MATADOR PROCESSORS: Court Threatens to Convert Ch 11 Case to Ch 7
-----------------------------------------------------------------
Brianna Bailey, writing for NewsOK.com, reports that the Hon.
Niles Jackson of the U.S. Bankruptcy Court for the Western
District of Oklahoma has ordered Matador Processing, LLC, fdba
Matador Processors, Inc., to find new capital to put into the
company or hire a broker to sell it by Dec. 2.

According to a court order filed last week, the Court will convert
the Debtor's Chapter 11 reorganization case into one under Chapter
7 liquidation if the Debtor misses the Dec. 2 deadline.

NewsOK.com quoted the Debtor's owner, Betty Wood, as saying,
"There is no way it will be converted to a Chapter 7 and that's
what we are working on now."

NewsOK.com relates that the U.S. Bankruptcy Trustee requested in
August the Debtor's Chapter 7 conversion along with the sale of
the Debtor's assets to satisfy creditors, saying in court
documents that "this estate is languishing without perceptible
progress towards reorganization. Accordingly, it appears that
there is an absence of a reasonable likelihood of rehabilitation
for this Debtor."

                    About Matador Processing

Headquartered in Blanchard, Oklahoma, Matador Processing, LLC,
fdba Matador Processors, Inc., makes frozen chile rellenos that
are sold to restaurants.  It was founded in 1975 by Clif and Betty
Wood in Blanchard.  At its peak, the Debtor employed about 49
people in Blanchard.  Ms. Wood said in a NewsOK.com report that
the Debtor now has 20 employees and is still hiring.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. W.D.
Okla. Case No. 13-15303) on Dec. 2, 2013, estimating its
liabilities at between $500,001 and $1 million against $1 million
to $10 million in estimated assets.  The Hon. Niles L. Jackson
presides over the case.  David B. Sisson, Esq., who has an office
in Norman, Oklahoma, serves as the Debtor's bankruptcy counsel.
The petition was signed by Betty J. Wood, managing member.

According to the NewsOK.com report, Ms. Wood said that she was
forced to file for Chapter 11 bankruptcy protection a few weeks
before Christmas in 2013 to save the Debtor's manufacturing plant
from foreclosure after BancFirst, one of the Debtor's largest
creditors, refused to work with the Debtor on its mortgage.


MAUI LAND: Closes Sale of Lipoa Point Property for $19.8 Million
----------------------------------------------------------------
Maui Land & Pineapple Company, Inc., completed on Oct. 9, 2014,
the previously announced sale to the State of Hawaii of an
unimproved 244-acre parcel of the Company's land located on Maui,
Hawaii, commonly known as Lipoa Point, for a sale price of $19.8
million.

The Lipoa Point Sale resulted from a bill enacted by the State of
Hawaii in June 2013, which directed the State's Department of Land
and Natural Resources to engage in the purchase of Lipoa Point,
with the stipulation that the proceeds from the sale be designated
for the benefit of the Company's pension plans.  The Lipoa Point
property was previously pledged to the Pension Benefit Guaranty
Corporation as security for the Company's pension plans, which at
June 30, 2014, were underfunded by $20.6 million.

Upon the closing of the Lipoa Point Sale, the $19.8 million sale
price, less closing costs of approximately $400,000, was
transferred to the trustee of the Company's pension plans and the
mortgage on the property held by the PBGC was released.  With the
funding of the Company's pension plans from the Lipoa Point Sale,
management does not expect to be required to make minimum
contributions to its pension plans for the foreseeable future.
Such contributions totaled $2.1 million and $2.8 million for 2013
and 2014, respectively.

The sale resulted in a gain of approximately $19.3 million, which
will be included in the Company's operating results for the
quarter ending Dec. 31, 2014.

                  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.


MCCLATCHY CO: Commences Debt Tender Offer at Par for 2022 Notes
---------------------------------------------------------------
The McClatchy Company announced that in compliance with the
indenture for its 9.00% notes due 2022 it has commenced an offer
to purchase for cash up to $406 million of the outstanding 9.00%
notes at par.  The terms and conditions of the offer are set forth
in the Offer to Purchase dated Oct.14, 2014, and Letter of
Transmittal.  The Offer is not subject to the receipt of any
minimum amount of notes tendered, but is subject to the general
conditions set forth in the Offer to Purchase.

McClatchy noted when it announced the sale of its interest in
Cars.com that under the indenture for its 9.00% notes due 2022 it
would offer the after-tax proceeds from the sale, to the extent
that the proceeds are not reinvested within 365 days of the
closing of the transaction, in an offering to repurchase the 9.00%
notes at par.  Management has elected to make this offer now.
Recently, the 9.00% notes were trading at premium prices ranging
between $111.00 and $112.50.

To the extent the notes are not repurchased under this offer,
management may use the proceeds to invest in initiatives or
investments to continue its digital transformation, to selectively
repurchase outstanding notes or for other corporate purposes as
determined by management and the Board of Directors.

The complete terms and conditions of the Offer are set forth in
the Offer to Purchase and Letter of Transmittal that are being
sent to holders of notes.  Holders are urged to read the tender
offer documents carefully when they become available.  Copies of
the Offer to Purchase and Letter of Transmittal may be obtained
from the Tender and Paying Agent for the Offer, Bank of New York
Mellon Trust Company, N.A., at 1-800-254-2826 (US toll-free).

                   About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is the third largest newspaper
company in the United States, publishing 30 daily newspapers, 43
non-dailies, and direct marketing and direct mail operations.
McClatchy also operates leading local Web sites in each of its
markets which extend its audience reach.  The Web sites offer
users comprehensive news and information, advertising, e-commerce
and other services.  Together with its newspapers and direct
marketing products, these interactive operations make McClatchy
the leading local media company in each of its premium high growth
markets.  McClatchy-owned newspapers include The Miami Herald, The
Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City
Star, The Charlotte Observer, and The News & Observer (Raleigh).

The Company reported net income of $18.80 million for the year
ended Dec. 29, 2013, as compared with a net loss of $144,000 for
the year ended Dec. 30, 2012.

The Company's balance sheet at June 29, 2014, showed $2.68 billion
in total assets, $2.36 billion in total liabilities and $318.93
million in stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

McClatchy Co. carries a 'B-' Corporate Credit Rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


MEDICAL CAPITAL: Sedgwick Wants Malpractice Suit Axed
-----------------------------------------------------
Law360 reported that Sedgwick LLP urged a California federal judge
to kick the receiver for Medical Capital Holdings Inc.'s
malpractice suit alleging Sedgwick was partially responsible for
losses in MedCap's $1 billion Ponzi scheme, arguing that it had
been explicitly shooed away from reviewing loan memos.  According
to the report, MedCap receiver Thomas Seaman accused Sedgwick
three years ago of failing to advise the financing company about
loan limitations in private placement memoranda that prevented
MedCap from spending too much money on nonapproved investments.
Seaman also claimed that Sedgwick improperly represented MedCap
and its affiliates with conflicting interests, the report related.

In Aug. 2009, Medical Capital Holdings' officers asked Judge
Carter to let the Company file for Chapter 11 bankruptcy
protection and operate as a debtor-in-possession.  Judge Carter
declined that invitation to release the company from Mr. Seaman's
oversight and control.  The SEC's lawsuit against Medical Capital,
filed in July 2008, alleged that the Company defrauded investors
of at least $18.5 million.


MEDICURE INC: Posts C$1.3 Million Net Income in First Quarter
-------------------------------------------------------------
Medicure Inc. reported net income of C$1.34 million on C$2.12
million of net product sales for the three months ended Aug. 31,
2014, compared to a net loss of C$502,402 on C$747,018 of net
product sales for the same period in 2013.

As of Aug. 31, 2014, the Company had C$5.60 million in total
assets, C$9.92 million in total liabilities and a C$4.32 million
total deficiency.

At Aug. 31, 2014, the Company had cash totaling C$503,000 compared
to C$234,000 as of May 31, 2014.  The increase in cash is
primarily due to increased revenues during the three months ended
Aug. 31, 2014.  Cash flows from operating activities for the three
months ended Aug. 31, 2014, were C$283,000 compared to cash used
in operating activities of C$114,000 for the three months ended
Aug. 31, 2013.

"There is substantial doubt about the appropriateness of the use
of the going concern assumption because the Company has
experienced operating losses from incorporation to May 31, 2014
and has accumulated a deficit of $126,168,837 as at August 31,
2014 and a working capital deficiency of $789,844," the Company
stated in the Report.

A full-text copy of the Financial Report is available at:

                        http://is.gd/skiwgw

                        About Medicure Inc.

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

Medicure Inc. reported a net loss of C$1.63 million for the year
ended May 31, 2014, compared to a net loss of C$2.57 million for
the year ended May 31, 2013.

Ernst & Young LLP, issued a "going concern" qualification on the
consolidated financial statements for the year ended May 31, 2014.
The independent auditors noted that Medicure Inc. has experienced
losses and has accumulated a deficit of $127,516,308 since
incorporation and has a working capital deficiency of $869,164 as
at May 31, 2014.  These conditions raise substantial doubt about
its ability to continue as a going concern.


MILLER AUTO: Files Schedules of Assets and Liabilities
------------------------------------------------------
Miller Auto Parts & Supply Company, Inc., filed with the U.S.
Bankruptcy Court for the Northern District of Georgia its
schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                  $215,000
  B. Personal Property           $33,038,693
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $29,283,081
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $6,412,320
                                 -----------      -----------
        TOTAL                    $33,253,693      $35,798,402

                    About Miller Auto Parts

Miller Auto Parts & Supply Company, Inc., and its affiliates are
distributors of automotive parts and service equipment.  The
companies operate from the Johnson Industries Inc.'s headquarters
in Atlanta, Georgia and have distribution operations in the
southeast, northeast and on-line.  The Southeastern distribution
center is located in Norcross, Georgia and supports nine satellite
centers across the state and supplies parts to key fleet customers
across the country.

Miller Auto Parts and its three subsidiaries sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga.) on Sept. 15, 2014.  The
Debtors have sought joint administration under Lead Case No. 14-
68113.  The cases are assigned to Judge Mary Grace Diehl.

The Debtors have tapped Scroggins & Williamson as counsel and
Logan & Co. as claims and noticing agent.


MOMENTIVE PERFORMANCE: Seeks Extension of Plan Filing Date
----------------------------------------------------------
Momentive Performance Materials and its debtor affiliates ask the
U.S. Bankruptcy Court for the Southern District of New York to
extend until Dec. 9, 2014, the period by which they have exclusive
right to file a plan.

The Debtors' Exclusive Filing Period expired on Oct. 10, 2014,
and, unless extended, the Debtors' current Exclusive Solicitation
Period will expire on Dec. 9, 2014.  The Debtors' Plan of
Reorganization has been confirmed, although the Plan has not yet
been consummated and there are various pending appeals.  The
Debtors fully expect that the Plan will be consummated and that
the Confirmation Order will not be overturned on appeal, however,
out of an extreme abundance of caution, the Debtors request an
extension of the Exclusive Plan Filing Period of 60 days to be
co-extensive with the Exclusive Solicitation Period to ensure that
they have an opportunity to consummate the Plan, or if need be,
propose, seek confirmation of and consummate a modified plan
should an adverse decision arise out of the appellate process,
before the Exclusive Periods expire.

A hearing on the extension request is scheduled for Oct. 31, 2014,
at 9:30 a.m. (prevailing Eastern time).  Objections are due
Oct. 19.

                   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.


NBRS FINANCIAL: Howard Bank Assumes All of Bank's Deposits
----------------------------------------------------------
NBRS Financial, Rising Sun, Maryland, was closed Oct. 17 by the
Maryland Office of the Commissioner of Financial Regulation, which
appointed the Federal Deposit Insurance Corporation (FDIC) as
receiver.

To protect the depositors, the FDIC entered into a purchase and
assumption agreement with Howard Bank, Ellicott City, Maryland, to
assume all of the deposits of NBRS Financial.

The five branches of NBRS Financial will reopen as branches of
Howard Bank during their normal business hours.  Depositors of
NBRS Financial automatically will become depositors of Howard
Bank.

Deposits will continue to be insured by the FDIC, so there is no
need for customers to change their banking relationship in order
to retain their deposit insurance coverage up to applicable
limits.

Customers of NBRS Financial should continue to use their existing
branch until they receive notice from Howard Bank that it has
completed systems changes to allow other Howard Bank branches to
process their accounts as well.

This evening and over the weekend, depositors of NBRS Financial
can access their money by writing checks or using ATM or debit
cards.

Checks drawn on the bank will continue to be processed. Loan
customers should continue to make their payments as usual.

As of June 30, 2014, NBRS Financial had approximately $188.2
million in total assets and $183.1 million in total deposits.
Howard Bank will pay the FDIC a premium of 1.19 percent to assume
all of the deposits of NBRS Financial.

In addition to assuming all of the deposits of the failed bank,
Howard Bank agreed to purchase essentially all of the assets.
Customers with questions about the transaction should call the
FDIC toll-free at 1-(800) 930-1848. The phone number will be
operational starting on the evening of Oct. 17, 2014, until 9:00
p.m., Eastern Daylight Time (EDT); on Saturday from 9:00 a.m. to
6:00 p.m., EDT; on Sunday from noon to 6:00 p.m., EDT; on Monday
from 8 a.m. to 8 p.m., EDT; and thereafter from 9:00 a.m. to 5:00
p.m., EDT. Interested parties also can visit the FDIC's Web site
at https://www.fdic.gov/bank/individual/failed/nbrs.html.

The FDIC estimates that the cost to the Deposit Insurance Fund
(DIF) will be $24.3 million. Compared to other alternatives,
Howard Bank's acquisition was the least costly resolution for the
FDIC's DIF.  NBRS Financial is the 15th FDIC-insured institution
to fail in the nation this year, and the second in Maryland.  The
last FDIC-insured institution closed in the state was Slavie
Federal Savings Bank, Bel Air, on May 30, 2014.


NET ELEMENT: Cayman Invest Holds 15% Equity Stake
-------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Cayman Invest S.A. and Anvar Mametov
disclosed that as of Sept. 30, 2014, they beneficially owned
5,569,158 shares of common stock of Net Element, Inc.,
representing 15 percent of 37,127,720, which is the number of
outstanding shares of Common Stock as of June 30, 2014.  A copy of
the regulatory filing is available at http://is.gd/SBzg2E

                         About Net Element

Miami, Fla.-based Net Element International, Inc. (formerly Net
Element, Inc.,) currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $48.31 million in 2013, as
compared with a net loss of $16.38 million in 2012.  The Company's
balance sheet at June 30, 2014, showed $16.57 million in total
assets, $22.79 million in total liabilities and a $6.21 million
total stockholders' deficit.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations and has
used substantial amounts of cash to fund its operating activities
that raise substantial doubt about its ability to continue as a
going concern.


NET ELEMENT: Mike Zoi Reports 14.3% Equity Stake
------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Mike Zoi and his affiliates disclosed that as
of Oct. 10, 2014, they beneficially owned 6,538,688 shares of
common stock of Net Element, Inc., representing 14.34 percent of
the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/mA6XGa

                         About Net Element

Miami, Fla.-based Net Element International, Inc. (formerly Net
Element, Inc.,) currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $48.31 million in 2013, as
compared with a net loss of $16.38 million in 2012.  The Company's
balance sheet at June 30, 2014, showed $16.57 million in total
assets, $22.79 million in total liabilities and a $6.21 million
total stockholders' deficit.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations and has
used substantial amounts of cash to fund its operating activities
that raise substantial doubt about its ability to continue as a
going concern.


NET ELEMENT: Nurlan Abduov Reports 15.4% Equity Stake
-----------------------------------------------------
In a Schedule 13D filed with the U.S. Securities and Exchange
Commission, Nurlan Abduov disclosed that as of Oct. 10, 2014, he
beneficially owned 7,057,425 shares of common stock of Net
Element, Inc., representing 15.47 percent of the shares
outstanding.  A copy of the regulatory filing is available for
free at http://is.gd/xYUB8r

                         About Net Element

Miami, Fla.-based Net Element International, Inc. (formerly Net
Element, Inc.,) currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $48.31 million in 2013, as
compared with a net loss of $16.38 million in 2012.  The Company's
balance sheet at June 30, 2014, showed $16.57 million in total
assets, $22.79 million in total liabilities and a $6.21 million
total stockholders' deficit.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations and has
used substantial amounts of cash to fund its operating activities
that raise substantial doubt about its ability to continue as a
going concern.


NET ELEMENT: To Offer $50 Million Worth of Securities
-----------------------------------------------------
Net Element, Inc., filed a Form S-3 registration statement with
the U.S. Securities and Exchange Commission relating to the
offering of any combination of common stock, preferred stock,
warrants, units, and subscription rights of up to an aggregate
amount of $50,000,000.  In addition, certain selling
securityholders may offer and sell up to 15,408,597 shares of
common stock from time to time, in amounts, at prices, and on
terms that will be determined at the time these securities are
offered.

The Company's common stock is listed on The NASDAQ Capital Market
under the symbol "NETE."  The Company's outstanding warrants are
quoted on the Over-the-Counter Bulletin Board under the symbol
"NETEW."  The Company will provide information in any applicable
prospectus supplement regarding any listing of securities other
than shares of the Company's common stock on any securities
exchange.

A copy of the Form S-3 registration statement is available at:

                        http://is.gd/jZ5ZF6

                          About Net Element

Miami, Fla.-based Net Element International, Inc. (formerly Net
Element, Inc.,) currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $48.31 million in 2013, as
compared with a net loss of $16.38 million in 2012.  The Company's
balance sheet at June 30, 2014, showed $16.57 million in total
assets, $22.79 million in total liabilities and a $6.21 million
total stockholders' deficit.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations and has
used substantial amounts of cash to fund its operating activities
that raise substantial doubt about its ability to continue as a
going concern.


NET TALK.COM: Three Directors Ousted by Majority Shareholders
-------------------------------------------------------------
Shareholders representing at least a majority of the then
outstanding common stock of Net Talk.Com, Inc., voted, via written
consent in lieu of a meeting, to remove each of Samer Bishay,
Maged Bishara, and Nardir Aljasrawi from their positions serving
as members of the Company's Board of Directors, according to a
regulatory filing with the U.S. Securities and Exchange
Commission.

The Removal will become effective upon approximately (but not less
than) 20 days after the filing of definitive information statement
and its mailing to the Company's stockholders.

                        About Net Talk.com

Based in Miami, Fla., Net Talk.com, Inc., is a telephone company,
that provides, sells and supplies commercial and residential
telecommunication services, including services utilizing voice
over internet protocol technology, session initiation protocol
technology, wireless fidelity technology, wireless maximum
technology, marine satellite services technology and other similar
type technologies.

Net Talk.com a net loss of $4.78 million on $6.02 million of net
revenues for the year ended Dec. 31, 2013, as compared with a net
loss of $14.71 million on $5.79 million of net revenues in 2012.

As of June 30, 2014, the Company had $5.07 million in total
assets, $12.42 million in total liabilities and a $7.35 million
total stockholders' deficit.

Zachary Salum Auditors P.A., in Miami, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has incurred significant recurring losses from
operations, its total liabilities exceeds its total assets, and is
dependent on outside sources of funding for continuation of its
operations.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


NEXT 1 INTERACTIVE: Delays Filing of Aug. 31 Form 10-Q
------------------------------------------------------
Next 1 Interactive, Inc., filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the period
ended Aug. 31, 2014.  The Company said it was not able to obtain
all information prior to filing date and as a result the
accountant could not complete the required financial statements
and management could not complete "Management's Discussion and
Analysis" of those financial statements by Oct. 15, 2014.

                     About Next 1 Interactive

Weston, Fla.-based Next 1 Interactive, Inc., is the parent company
of RRTV Network (formerly Resort & Residence TV), Next Trip -- its
travel division, and Next One Realty -- its real estate division.
The Company is positioning itself to emerge as a multi revenue
stream "Next Generation" media-company, representing the
convergence of TV, mobile devices and the Internet by providing
multiple platform dynamics for interactivity on TV, Video On
Demand (VOD) and web solutions.  The Company has worked with
multiple distributors beta testing its platforms as part of its
roll out of TV programming and VOD Networks.  The list of multi-
system operators the Company has worked with includes Comcast,
Cox, Time Warner and Direct TV.  At present the Company operates
the Home Tour Network through its minority owned/joint venture
real estate partner -- RealBiz Media.  As of July 17, 2012, the
Home Tour Network features over 4,300 home listings in four cities
on the Cox Communications network.

The Company incurred a net loss of $18.29 million on $1.56 million
of total revenues for the year ended Feb. 28, 2014, as compared
with a net loss of $4.23 million on $987,115 of total revenues for
the year ended Feb. 28, 2013.

The Company's balance sheet at May 31, 2014, showed $4.53 million
in total assets, $13.01 million in total liabilities and a $8.47
million total stockholders' deficit.

D'Arelli Pruzansky, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Feb. 28, 2014.  The independent auditors noted
that the Company has incurred net losses of $18,295,802 and net
cash used in operations of $4,590,428 for the year ended Feb. 28,
2014, and the Company had an accumulated deficit of $87,625,076
and a working capital deficit of $13,549,796 at Feb. 28, 2014.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.

                         Bankruptcy Warning

"If we continue to experience liquidity issues and are unable to
generate revenue, we may be unable to repay our outstanding debt
when due and may be forced to seek protection under the federal
bankruptcy laws," the Company said in the fiscal 2013 Annual
Report.


NORTHSTAR AEROSPACE: Court Dismisses Chapter 11 Cases
-----------------------------------------------------
Bankruptcy Judge Mary F. Walrath for District of Delaware
dismissed the bankruptcy cases of NSA (USA) Liquidating Corp.,
formerly known as Northstar Aerospace, et al., on Oct. 1, 2014.

The Court further ordered that all remaining funds of the estates
after paying of professional fees and wind down expenses approved
by Fifth Third Bank as agent of the senior secured lenders,
including any future tax refunds or recoveries, will be paid to
Fifth Third Bank.

As of the case dismissal, the Debtor corporations shall be treated
as dissolved, the Court ruled.

The Court also ordered that the services of Logan & Company, Inc.,
as the Debtors' claims and noticing agent, will be terminated
effectively 20 days after Oct. 1, 2014.

                    About Northstar Aerospace

Chicago, Illinois-based 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,
Delaware, on June 14, 2012, to sell its business to affiliates of
Wynnchurch Capital, Ltd., absent higher and better offers.

The names of the Debtors were changed as contemplated by the
approved sale transaction.  The new names are NSA (USA)
Liquidating Corp., NSA (CHI) Liquidating Corp., D-Velco
Manufacturing of Arizona, Inc., and DUSA Liquidating Corp.

Attorneys at Dentons 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.

Certain Canadian affiliates are also seeking protection pursuant
to the Companies' Creditors Arrangement Act, R.S.C.1985, c. C-36,
as amended.

As of March 31, 2012, Northstar disclosed total assets of
$165.1 million and total liabilities of $147.1 million.  About 60%
of the assets and business are with the U.S. Debtors.


NUVILEX INC: To Sell $50 Million Worth of Securities
----------------------------------------------------
Nuvilex Inc. filed with the U.S. Securities and Exchange
Commission a Form S-3 registration statement relating to the sale
of its common stock, preferred stock, debt securities, warrants,
or units having a maximum aggregate offering price of $50,000,000.

The Company's common stock is quoted on the OTCQB under the symbol
"NVLX."  Each prospectus supplement will contain information,
where applicable, as to the Company's quotation on OTCQB or
listing on any securities exchange of the securities covered by
the prospectus supplement.

A copy of the Form S-3 prospectus is available for free at:

                       http://is.gd/rVcKlI

                      Amends Annual Reports

Nuvilex had amended its annual reports with the SEC for the years
ended April 30, 2013, and April 30, 2014.

The Company amended its 2013 Annual Report to amend Part I, Item 1
- Business, Part II, Item 5. Market For Registrant's Common
Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities and Part III, Item 11. Executive Compensation and Item
13 Certain Relationships and Related Transactions, and Director
Independence, in the original 10-K filed with the SEC, in response
to comments from the staff of the SEC.  A copy of the Form 10-K/A
is available for free at http://is.gd/4yeJy8

The Company amended its 2014 Annual Report to amend Part I, Item 1
- Business and Part III, Item 13 Certain Relationships and Related
Transactions, and Director Independence, in the original 10-K
filed with the SEC, in response to comments from the staff of the
SEC.  A copy of the Form 10-K/A is available at:

                        http://is.gd/1T5qn2

                         About Nuvilex Inc.

Silver Spring, Md.-based Nuvilex, Inc.'s current strategy is to
focus on developing and marketing products designed to improve the
health and well-being of those who use them.

Nuvilex incurred a net loss of $1.59 million on $12,160 of product
sales for the 12 months ended April 30, 2013, as compared with a
net loss of $1.89 million on $66,558 of total revenue during the
prior year.

The Company's balance sheet at July 31, 2014, showed $8.19 million
in total assets, $371,386 in total liabilities and $7.82 million
in total stockholders' equity.

Robison, Hill & Co., in Salt Lake City, Utah, issued a "going
concern" qualification on the consolidated financial statements
for the year ended April 30, 2013.  The independent auditors noted
that the Company has suffered recurring losses from operations
which raises substantial doubt about its ability to continue as a
going concern.


OVERLAND STORAGE: Obtains $7.5 Million Loan From FBC Holdings
-------------------------------------------------------------
Overland Storage, Inc., entered into a Loan and Security Agreement
with FBC Holdings S.a r.l., the majority shareholder of the
Company and an affiliate of Cyrus Capital Partners, L.P., pursuant
to which FBC Holdings loaned to the Company $7.5 million,
according to a regulatory filing with the U.S. Securities and
Exchange Commission.

The net proceeds of the Loan will be used by the Company (i) to
repay $2.5 million of the Company's outstanding obligations to
Sphere 3D Corporation under the Amended & Restated Promissory Note
dated Sept. 8, 2014, issued by the Company to Sphere and (ii) for
$5 million of working capital and general corporate purposes.
After taking into account the Sphere Repayment, the Company has
secured $5 million of additional working capital in the form of
debt financing from Cyrus Capital pursuant to the Loan to support
restructuring and transition plans.

The Loan is scheduled to mature on the second anniversary of the
funding date of the Loan; provided, however, that if the closing
of the proposed merger contemplated by the Agreement and Plan of
Merger between the Company and Sphere and S3D Acquisition Company,
a California corporation and wholly owned subsidiary of Sphere
does not occur prior to Jan. 12, 2015 (90 days after the funding
of the Loan by the Lender), the Company will be required to pay
the Loan in full on such date, together with all accrued and
unpaid interest thereon.

The obligations under the Loan (a) are secured by a second
priority lien on substantially all assets of the Company, other
than (i) the Company's intellectual property that is subject to
any pending litigation as of Oct. 14, 2014, and (b) are secured by
a first priority lien on 65% of the stock of the Company's
directly owned foreign subsidiaries.  No later than Dec. 31, 2014,
the Company is required to (i) enter into stock pledge agreements
with respect to 65% of the stock of each Foreign Subsidiary
governed by the local law of the jurisdiction of formation of each
Foreign Subsidiary and (ii) cause Tandberg Data Holdings S.a r.l.
to grant a first priority security interest in its intellectual
property as collateral for the Loan unless granting the security
interest would result in a material adverse tax impact for the
Company or any of its subsidiaries.

In connection with the Sphere Repayment, Sphere has agreed with
the Lender to guaranty $2.5 million in principal amount of the
Loan.  Sphere has further agreed that (i) if the closing of the
Merger does not occur prior to January 12, 2015 (ninety (90) days
after the funding of the Loan by the Lender), or (ii) immediately
after the closing of the Merger, Sphere will issue shares of
common stock of Sphere to the Lender in repayment of an
outstanding principal amount of the Loan equal to $2.5 million.
If Sphere is required to issue such shares because the closing of
the Merger has not occurred prior to Jan. 12, 2015, Sphere will
have subrogation rights against the Company for the repayment of
the $2.5 million principal amount of the Loan paid to the Lender
by Sphere.

The Company has agreed to reimburse the Lender for expenses of up
to $50,000 for negotiating and documenting the Loan Agreement and
all expenses of the Lender of up to $30,000 incurred after
entering into the Loan Agreement. The Company has also agreed to
indemnify the Lender in a manner customary for financings of this
type. The Company has additionally agreed to transfer 25,000
shares of Sphere common stock owned by the Company to the holders
of the existing convertible notes issued by the Company (all of
which are affiliates of the Lender) as a fee for waiving the debt
and lien restrictions under such convertible notes.

                  Amendment to Merger Agreement

As previously announced, on May 15, 2014 the Company entered into
the Merger Agreement with Sphere and S3D Acquisition Company.  On
Oct. 13, 2014, the Company entered into an Amendment to Agreement
and Plan of Merger with Sphere and S3D Acquisition Company.

Pursuant to the Amendment to the Merger Agreement, Sphere
consented to the entry by the Company into the Loan Agreement with
the Lender and the completion of the transactions contemplated
thereby.  Sphere additionally agreed to guaranty $2.5 million in
principal amount of the Loan and to permit the Company to transfer
25,000 shares of common stock of Sphere to the holders of the
existing convertible notes issued by the Company (all of which are
affiliates of the Lender) as a fee for waiving the debt and lien
restrictions under such convertible notes.

Pursuant to the Merger Agreement, at the closing of the Merger
each issued and outstanding share of common stock of the Company
will be canceled and extinguished and automatically converted into
the right to receive a fraction of a share of Sphere common stock
equal to the "Exchange Ratio."  In exchange for the consent of
Sphere to the entry by the Company into the Loan Agreement and the
issuance of shares of common stock by Sphere pursuant to the
Conversion and the Waiver Issuance, the Company agreed in the
Amendment to the Merger Agreement to reduce the Exchange Ratio
from 0.510594 to 0.46385, such that the "Exchange Ratio" will be
equal to 0.4634 plus the quotient obtained by dividing (x) the
number of shares of common stock of Sphere held by the Company
immediately prior to the closing of the Merger by (y)
18,495,865.20 plus the quotient obtained by dividing (A) (i)105%
of the principal amount of any indebtedness of the Company to
Cyrus Capital Partners and its affiliates repaid by the Company on
or after the date of the Merger Agreement and prior to the closing
of the Merger divided by (ii) 8.675 by (B) 18,495,865.20.

                Expects to Exceed Synergy Estimates

Overland Storage, Inc., reported progress on the third phase of
the Company's transformation and its achievements for operational
efficiencies intended to deliver a profitable run-rate exiting
calendar year 2014, excluding stock-based compensation and one-
time charges related to the Sphere3D merger and the Tandberg
acquisition.

"We are pleased to report that the expected operational changes
will exceed our previously-announced annual cost savings target of
$20 million by 10% to 15%.  As a result, we are on track to
execute on our overall transformation strategy to build a strong
foundation for our core business, increase global scale, and enter
new and innovative markets," said Eric Kelly, president and CEO of
Overland Storage.

Sphere3D Merger Update:

   * Sphere3D has filed with the SEC Amendment No. 2 to its
     Registration Statement on Form F-4/A covering the shares of
     Sphere 3D's common stock to be issued in connection with the
     proposed merger with Sphere 3D.

   * The proposed merger with Sphere3D continues to be on track to
     close this fiscal quarter, subject to the effectiveness of
     the registration statement.

   * The Company has entered into a Memorandum of Understanding
     with the plaintiffs in the consolidated class action cases
     referred to as "In re Overland Storage Inc., Shareholders
     Litigation" that would, subject to court approval and other
     standard conditions, provide for the settlement of all
     outstanding claims in regard to the Company's proposed merger
     transaction with Sphere3D.

Restructuring Update:

   * Between the closing of the Company's acquisition of Tandberg
     Data and the end of this quarter, the Company will have
     reduced its headcount by over 100 people, constituting
     approximately 30% of the Company's workforce excluding
     personnel in its Chinese manufacturing facility.

   * The Company is in the process of completing the transition of
     manufacturing from its San Diego facility to its China
     facility and contract manufacturers.

   * The Company's relationship with BDT Media Automation GmbH has
     progressed with the expansion of its tape automation product
     offerings and previously announced patent cross license
     agreement.

Product Highlights:

The Company is continuing to innovate, strengthen and broaden its
product portfolio with the following products:

   * V3 hyper-converged appliances designed to address the rapidly
     growing virtualization and cloud markets.

   * SnapServer XSD 40, powered by the new GuardianOS 7.6
     software, is the simplest and most versatile NAS and iSCSI
     SAN storage available for today's business needs--from
     virtualized server and Microsoft Exchange environments, to
     backup and storage consolidation.

   * SnapScale clustered data storage with the new version of the
     Company's RAINcloud operating system optimized for virtual
     infrastructures without adding management complexity.

   * RDX integration with SnapServer provides small-medium
     business customers with an affordable integrated solution for
     backup and data exchange.

   * NEO tape automation product line will allow the Company to
     address a larger segment of the market, and provide its
     customers with a broader set of archive options.

                     About Overland Storage

San Diego, Cal.-based Overland Storage, Inc. (Nasdaq: OVRL) --
http://www.overlandstorage.com/-- is a global provider of unified
data management and data protection solutions designed to enable
small and medium enterprises (SMEs), corporate departments and
small and medium businesses (SMBs) to anticipate and respond to
change.

Overland Storage reported a net loss of $22.92 million for the
year ended June 30, 2014, compared to a net loss of $19.64 million
for the year ended June 30, 2013.

As of June 30, 2014, the Company had $93.93 million in total
assets, $57.14 million in total liabilities and $36.79 million in
total shareholders' equity.

Moss Adams LLP, in San Diego, California, issued a "going concern"
qualification on the consolidated financial statements for the
year ended June 30, 2014.  The independent auditors noted that
the Company's recurring losses and negative operating cash flows
raise substantial doubt about the Company's ability to continue as
a going concern.


PACIFIC STEEL: Amends Further Schedules of Assets and Liabilities
-----------------------------------------------------------------
Second Street Properties, formerly known as Pacific Steel Casting
Company, filed with the U.S. Bankruptcy Court for the Northern
District of California on Sept. 25, 2014, yet another amendment to
its amended schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $36,533,644
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $4,702,528
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $205,223
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $41,832,539
                                 -----------      -----------
        TOTAL                    $36,533,644      $46,740,291

As previously reported in the July 1, 2014 edition of The Troubled
Company Reporter, the latest previous amendment of the Debtor's
schedules of assets and liabilities showed $36.53 million in
assets and $47.52 million in liabilites.

                   About Pacific Steel Casting,
                       Berkeley Properties

Pacific Steel Casting Company and Berkeley Properties, LLC,
separately filed Chapter 11 bankruptcy petitions (Bankr. N.D.
Cal. Case Nos. 14-41045 and 14-41048) on March 10, 2014.  Pacific
Steel's petition was signed by Charles H. Bridges, Jr., chief
financial officer and director.  Michael W. Malter, Esq., at
Binder & Malter, LLP serves as the Debtors' counsel.  Epiq
Bankruptcy Solutions, LLC, is the Debtors' claims, noticing and
balloting agent.  Burr Pilger Mayer, a certified public accounting
firm, serves as financial consultants.

Pacific Steel makes carbon, low-alloy and stainless steel castings
for U.S. and international customers, largely for heavy-duty
trucks and construction equipment.

Tracy Hope Davis, the United States Trustee for Region 17,
appointed seven creditors to serve on the Official Committee of
Unsecured Creditors.  The Committee is represented by Ori Katz,
Esq., and Michael M. Lauter, Esq., at Sheppard, Mullin, Richter &
Hampton LLP.

The Debtors in July 2014 won court approval to sell their fourth-
generation family-owned steel foundry for $11.3 million cash plus
assumption of specified liabilities to Speyside Fund LLC.

Bankruptcy Judge Roger L. Efremsky authorized the Debtors to
revise case caption to reflect the name change after the sale of
assets.  The case caption now reflects: Second Street Properties,
and Berkeley Properties, LLC.  The Debtors stated that the assets
sold included the trade name "Pacific Steel Casting Company" and
the commonly used abbreviation and trademark "PSC".   The Debtors
agreed with the buyer that the Debtors would stop using that name
immediately after the closing.


PANTECH CO: Files for Bankruptcy in the U.S.
--------------------------------------------
Tom Corrigan, writing for Daily Bankruptcy Review, reported that
Pantech Co., a South Korean mobile-phone maker, has sought the
protection of a U.S. court as part of its larger restructuring
efforts abroad.  According to the report, the company filed for
Chapter 15 bankruptcy protection at the U.S. Bankruptcy Court in
Atlanta on Oct. 16.  If recognized by a U.S. judge, Pantech will
receive the benefits of U.S. bankruptcy law, including the so-
called automatic stay that halts lawsuits and prevents creditors
from seizing assets, the report related.

As previously reported by The Troubled Company Reporter, citing
The Wall Street Journal, Pantech filed for court receivership
after its latest flagship smartphone failed to take off.  The
company, in which Qualcomm Inc. and Samsung Electronics Co. are
major foreign shareholders, has been relying heavily on the South
Korean market to sell its phones, where rivals like Samsung and LG
Electronics Inc. are dominant players.


PANTECH CO: Voluntary Chapter 15 Case Summary
---------------------------------------------
Chapter 15 Petitioner: Joonwoo Lee

Chapter 15 Debtor: Pantech Co., Ltd.
                   5607 Glenridge Drive
                   Atlanta, GA 30342

Chapter 15 Case No.: 14-70482

Type of Business: Pantech is a South Korean company that
                  manufactures and sells mobile devices.

Chapter 15 Petition Date: October 16, 2014

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

Chapter 15 Petitioner's     Michael J. Jacobs, Esq.
Counsel:                    JACOBS LEGAL, LLC
                            Northside Tower - Suite 622
                            6065 Roswell Road
                            Atlanta, GA 30328
                            Tel: (404) 826-8660
                            Fax: (404) 393-8660
                            Email: mike@mikejacobslegal.com

                              - and -

                            Alan A. Wright, Esq.
                            H.C. PARK & ASSOCIATES
                            1894 Preston White Drive
                            Reston, VA
                            Tel: 703-288-5105
                            Fax: 703-288-5139
                            Email: awright@park-law.com

Estimated Assets: $100 million to $500 million

Estimated Debts: $500 million to $1 billion


PATERSON CHARTER: S&P Cuts Rating on School Revenue Bonds to 'BB+'
------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating to 'BB+'
from 'BBB-' on Paterson Charter School for Science & Technology
(PCSST), N.J.'s series 2012A (tax exempt), 2012B (taxable), 2012C,
and 2012D charter school revenue bonds issued by the New Jersey
Economic Development Authority.  The outlook is stable.

"The downgrade reflects the decline in PCSST's lease-adjusted
maximum annual debt service coverage to 1x, which is weak for the
rating category," said Standard & Poor's credit analyst Debra
Boyd.  "Although the school produced operating surpluses in fiscal
2013 and in fiscal 2014, its excess margins and liquidity levels
relative to operations remain below those of charter schools with
a 'BBB-' rating," added Ms. Boyd.  "Given that management plans to
use up to $1 million of its cash reserves in fiscal 2015 to fund
one-time technology and capital investments, we expect liquidity
to further decline.  We expect that PCSST should return to a
surplus in fiscal 2016 but believe that it could take time for
coverage and financial resources to return to levels associated
with a higher rating."

While PCSST's high school achieved or exceeded proficiency in
English Language Arts (ELA) and math and it met or exceeded
proficiency in math in the third through sixth and eighth grades,
PCSST fell far below the standards established for the New Jersey
Assessment of Skills and Knowledge (NJASK)'s schoolwide thresholds
in language arts for grades three through eight and did not meet
the standards for proficiency in the seventh grade for the 2013-
2014 school year based on the New Jersey Department of Education
Charter Performance Framework. We recognize that the school has
improved its performance in math, outperforms its peers in the
district, and a new baseline will be set next year when a new
testing standard, Partnership for Assessment of Readiness for
College and Careers assessment is rolled out in New Jersey.
However, in S&P's opinion, given the increased focus on charter
school accountability in the state, not meeting proficiency in ELA
at the lower school increases the uncertainty related to charter
authorization.


PAUL HENDERSON: Liable for Taxes Under SBTA, Mich. App. Ct. Says
----------------------------------------------------------------
The Court of Appeals of Michigan affirmed the Michigan Tax
Tribunal (MTT)'s Final Opinion and Judgment the Michigan
Department of Treasury, as respondent, summary disposition and
holding Paul A. Henderson, as petitioner, responsible for taxes
under Michigan's former Single Business Tax Act.

The appeals case is PAUL A. HENDERSON, Plaintiff-Appellant, v.
MICHIGAN DEPARTMENT OF TREASURY, Defendant-Appellee, Case No.
312859 (App. Mich.).

A copy of the Michigan Court of Appeals' Sept. 25, 2014 is
available at http://is.gd/ZH5zaMfrom Leagle.com.

Paul A. Henderson of Palm Beach Gardens, FL, filed for bankruptcy
on Nov. 3, 2010 (Bankr. S.D. Fla., Case No. 10-44034).  The Debtor
was represented by Bradley S. Shraiberg, Esq. --
bshraiberg@sfl-pa.com -- of Boca Raton, FL 33431.


PLACE OF FRANK'S: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Place of Frank's LLC
        201-205 Ninth Street
        San Francisco, CA 94103

Case No.: 14-31503

Chapter 11 Petition Date: October 16, 2014

Court: United States Bankruptcy Court
       Northern District of California (San Francisco)

Judge: Hon. Hannah L. Blumenstiel

Debtor's Counsel: Robert P. Sprague, Esq.
                  LAW OFFICES OF ROBERT SPRAGUE
                  3701 Sacramento St. #292
                  San Francisco, CA 94118
                  Tel: (415) 221-9990
                  Email: spraguelaw@yahoo.com

Estimated Assets: Not indicated

Estimated Liabilities: Not indicated

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb14-31503.pdf


PLANDAI BIOTECHNOLOGY: Reports $15.5 Million Net Loss in 2014
-------------------------------------------------------------
Plandai Biotechnology, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K disclosing
a net loss of $15.53 million on $265,748 of revenues for the year
ended June 30, 2014, compared to a net loss of $2.96 million on
$359,143 of revenues for the year ended June 30, 2013.

The Company's balance sheet at June 30, 2014, showed $9.68 million
in total assets, $13.22 million in total liabilities and a $3.53
million total stockholders' defiict allocated to the Company.

Terry L. Johnson, CPA, in Casselberry, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2014.

"The Company has incurred a deficit of approximately $26 million
and has used approximately $44 million of cash due to its
operating activities in the two years ended June 30, 2014.  The
Company may not have adequate readily available resources to fund
operations through June 30, 2015.  This raises substantial doubt
about the Company's ability to continue as a going concern," the
auditors noted.

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

                         http://is.gd/iw7EZd

                            About Plandai

Based in Seattle, Washington, Plandai Biotechnology, Inc., through
its recent acquisition of Global Energy Solutions, Ltd., and its
subsidiaries, focuses on the farming of whole fruits, vegetables
and live plant material and the production of proprietary
functional foods and botanical extracts for the health and
wellness industry.  Its principle holdings consist of land, farms
and infrastructure in South Africa.


PRINCIPI FAMILY: Case Summary & 5 Unsecured Creditors
-----------------------------------------------------
Debtor: Principi Family Properties, LLC
        4 Shellfisher Road
        Southold, NY 11971

Case No.: 14-74674

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: October 16, 2014

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

Judge: Hon. Alan S Trust

Debtor's Counsel: Michael G McAuliffe, Esq.
                  MICHAEL McAULIFFE
                  68 South Service Road, Suite 100
                  Melville, NY 11747
                  Tel: 631 465-0044
                  Email: mgmlaw@optonline.net

Total Assets: $2.62 million

Total Liabilities: $2.20 million

The petition was signed by Richard Principi, managing member.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/nyeb14-74674.pdf


PTM TECHNOLOGIES: Court Rules in Insurance Coverage Dispute
-----------------------------------------------------------
In a Sept. 26, 2014 Memorandum of Opinion and Order entered in the
case MAXUS CAPITAL GROUP, LLC, Plaintiff v. LIBERTY SURPLUS
INSURANCE CORPORATION, Defendant, Case No. 1:13-CV-01546 (N.D.
Ohio), available at http://is.gd/darmvpfrom Leagle.com, District
Judge Lesley Wells granted Liberty's summary judgment motion and
denied Maxus's motion.

In his Sept. 26 Order, Judge Wells opined that, "Maxus first had
notice of the claim when it received GE Capital's letter on June
14, 2010. Because the claim was not reported to Liberty until
after the operative policy had expired, Liberty was not obligated
to provide coverage."

The present lawsuit was filed on May 20, 2013, whereby Maxus
sought a declaratory judgment that Liberty breached its obligation
to defend and indemnify Maxus in a January 2012 lawsuit.  In the
2012 lawsuit, Maxus was sued for breach of contract by General
Electric Capital Corporation in Delaware state court.

Maxus is in the business of providing equipment financing to
businesses.  The seeds of the present dispute were planted in
2008, when Maxus, as lender, entered into four loan agreements
with PTM Technologies, Inc.  However, Maxus's financing statement
executed to perfect its security interest in PRM mistakenly
identified the borrower as "PTM Tecnologies, Inc."

The bankruptcy court in the Chapter 11 case of PTM in North
Carolina would later conclude that the spelling mistake had been
fatal to the perfection of the security interest, but Maxus,
unaware of the error, and assigned its rights under two of the PTM
loan agreements to GE Capital, pursuant to a Master Assignment
Agreement ("MAA").

Counterclaimant Liberty Surplus Insurance Corporation is
represented by Michael R. Goodstein, Esq. --
michael.goodstein@baileycavalieri.com -- and Sabrina C. Haurin,
Esq. -- sabrina.haurin@baileycavalieri.com -- of Bailey Cavalieri.

                      About PTM Technologies

PTM Technologies Inc. is a wholly owned subsidiary of Renegade
Holdings, and an affiliate of Alternative Brands, Inc. and
Renegade Tobacco Company, which also are wholly owned subsidiaries
of Renegade Holdings.  The Mocksville, North Carolina-based
company filed for bankruptcy (Bankr. M.D.N.C. Case No. 10-50980)
on May 26, 2010.  Judge William L. Stocks presides over the case.
Charles M. Ivey III, Esq. -- jlh@imgt-law.com -- at Ivey,
McClellan, Gatton, & Talcott, LLP, serves as bankruptcy counsel.
According to its schedules, the Company has $3,953,216 in assets
and $7,199,424 in debts.


RANGE RESOURCES: S&P Raises CCR to 'BB+'; Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit and subordinated debt ratings on Range Resources Corp. to
'BB+' from 'BB'.  The recovery rating on the debt remains '3',
reflecting S&P's expectation of meaningful (50% to 70%) recovery
in the event of a default.  The outlook is stable.

The upgrade reflects S&P's expectation that Fort Worth, Texas-
based independent oil and gas exploration and production company
Range Resources Corp. will continue to expand its production by
20%-25% per year over the next few years while increasing its
reserve base and improving its credit measures.  Range has
increased its production and reserves steadily over the past few
years, primarily by developing its significant asset base in the
Marcellus shale, where the company was an early mover and has a
leading acreage position and meaningful scale.

"The stable outlook reflects our expectation that Range Resources
will continue to expand its reserves and production organically,
while maintaining low costs and a prudent capital structure," said
Standard & Poor's credit analyst Susan Ding.

S&P would review the ratings for a possible downgrade if there
were deterioration in the company's credit measures, such that FFO
to total debt fell below 45% and total debt to EBITDA exceeded 2x
on a sustained basis, or there were a material weakening in
operating performance or industry conditions.  This could occur if
natural gas prices declined materially or operating costs
escalated substantially.

S&P could consider a positive rating action if Range's leverage
measures continued to improve, such that its FFO to total debt
exceeded 60% and debt to EBITDA fell below 1.5x on a sustained
basis.  This would most likely occur if the company began
generating positive free operating cash flow due to improved
profitability or greater capital efficiency.


REICHHOLD HOLDINGS: Meeting of Creditors Set for Nov. 6
-------------------------------------------------------
The meeting of creditors of Reichhold Holdings US, Inc. is set to
be held on Nov. 6, at 1:30 p.m., according to a filing with the
U.S. Bankruptcy Court for the District of Delaware.

The meeting will be held at J. Caleb Boggs Federal Building, 844
King Street, 2nd Floor, Room 2112, in Wilmington, Delaware.

The court overseeing the bankruptcy case of a company schedules
the meeting of creditors usually about 30 days after the
bankruptcy petition is filed.  The meeting is called the "341
meeting" after the section of the Bankruptcy Code that requires
it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                          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 HOLDINGS: U.S. Trustee Appoints Creditors' Committee
--------------------------------------------------------------
The U.S. Trustee for Region 3 appointed seven creditors of
Reichhold Holdings US, Inc. to serve on the official committee of
unsecured creditors.

The unsecured creditors' committee is composed of:

     (1) Pension Benefit Guaranty Corporation
         Attn: Craig Yamaoka
         1200 K Street N.W.
         Washington, DC 20005
         Phone: 202-326-4070 ext. 3614
         Fax: 202-326-4112

     (2) Stepan Company
         Attn: Arthur Mergner
         22 West Frontage Road
         Northfield, IL 60091
         Phone: 847-501-2382
         Fax: 847-441-1466

     (3) Americas Styrenics
         Attn: Tom Jeanson
         1004 Overbrook Road
         Wilmington, DE 19807
         Phone: 302-654-7549
         Fax: 832-616-7889

     (4) Evonik Corporation
         Attn: Maria Limarenko
         299 Jefferson Road
         Parsippany, NJ 07054
         Phone: 973-929-8225
         Fax: 973-929-8438

     (5) United Steelworkers
         Attn: David Jury
         Five Gateway Center, Room 807
         Pittsburgh, PA 15222
         Phone: 412-562-2545
         Fax: 412-562-2574

     (6) Alnor Oil Company Inc.
         Attn: Marjorie Klayman
         70 E. Sunrise Highway
         Valley Stream, NY 11581
         Phone: 516-561-6146
         Fax: 516-561-6123

     (7) Estate of Anna R. Hartgrave
         Attn: Raeann Warner
         Jacobs & Crumplar P.A.
         2 East 7th Street, PO Box 1271
         Wilmington DE 19899
         Phone: 302-656-5445 Ext. 13
         Fax: 302-656-5875

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 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.


ROSETTA GENOMICS: Terminates Equity Sales Agreement With Cantor
---------------------------------------------------------------
Rosetta Genomics Ltd. disclosed with the U.S. Securities and
Exchange Commission that it had terminated, effective as of Oct.
13, 2014, the Controlled Equity Offering Sales Agreement dated
March 22, 2013, with Cantor Fitzgerald & Co., as sales agent.

                            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.


RUBLOFF SHOREWOOD: Case Summary & 6 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Rubloff Shorewood LLC
        c/o Attorney Thomas E. Laughlin
        4616 East State Street, Suite 3
        Rockford, IL 61108

Case No.: 14-83123

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: October 16, 2014

Court: United States Bankruptcy Court
       Northern District of Illinois (Rockford)

Judge: Hon. Thomas M. Lynch

Debtor's Counsel: Thomas E. Laughlin, Esq.
                  ATTORNEY THOMAS E. LAUGHLIN
                  6833 Stalter Dr.
                  Rockford, IL 61108
                  Tel: 815-316-3038
                  Fax: 813-316-3039
                  Email: tloff@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Gerald H. Weber Jr., manager of Rubloff
Holdings, LLC, member-manager.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/ilnb14-83123.pdf


SEBASTIANO INC: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Sebastiano, Inc.
        248-250 Market Street
        Philadelphia, PA 19106

Case No.: 14-18295

Chapter 11 Petition Date: October 16, 2014

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Jean K. FitzSimon

Debtor's Counsel: Timothy Zearfoss, Esq.
                  LAW OFFICES OF TIMOTHY ZEARFOSS
                  143-145 Long Lane
                  Upper Darby, PA 19082
                  Tel: (610)734-7001
                  Email: tzearfoss@aol.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Giampaolo Duva, president.

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


SOLAR POWER: Xinyu Inks US$42.6-Mil. Contract With Alxa League
--------------------------------------------------------------
Solar Power, Inc.'s wholly-owned subsidiary, Xinyu Xinwei New
Energy Co., Ltd., entered into an agreement with Alxa League
Zhiwei Photovoltaic Power Generation Co., Ltd., whereby Xinwei
agreed to provide engineering, procurement and construction
services to the Principal for the development of approximately
30MW of photovoltaic power generation project in Alxa League,
Inner Mongolia, PRC, for an aggregate contract price of RMB261
million (US$42.6 million), pursuant to the terms and conditions of
the General Contract.

A copy of the Alxa League Zhiwei 30MW Photovoltaic Power
Generation Project General Contract dated Oct. 8, 2014, is
available for free at http://is.gd/SS2Gic

                         About Solar Power

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

Solar Power reported a net loss of $32.24 million in 2013
following a net loss of $25.42 million in 2012.  As of June 30,
2014, the Company had $72.84 million in total assets, $56.85
million in total liabilities and $15.99 million in total
stockholders' equity.

Crowe Horwath LLP, in San Francisco, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has incurred a current year net loss of $32.2
million, has an accumulated deficit of $56.1 million, has
experienced a significant reduction in working capital, has past
due related party accounts payable and a debt facility under which
a bank has declared amounts immediately due and payable.
Additionally, the Company's parent company LDK Solar Co., Ltd has
experienced significant financial difficulties including the
filing of a winding up petition on Feb. 24, 2014.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern.


SPIRE CORP: Amends Lease Agreement With SPI-Trust
-------------------------------------------------
In September 2013, Spire Corporation sold its biomedical business
to N2 Biomedical LLC.  The purchase price for the Bio Business
Unit was $10.5 million plus the assumption of liabilities of
approximately $0.1 million, with $6 million paid in cash at
closing, a $2.4 million subordinated convertible promissory note,
and 310,549 Series A Preferred Units of N2 valued at approximately
$2.1 million.

On Oct. 10, 2014, in order to increase working capital, eliminate
significant unpaid rent obligations and substantially reduce
future rent obligations, the Company entered into a series of
agreements with Roger G. Little, Chairman of the Board of
Directors of the Company, and SPI-Trust, a trust of which Mr.
Little is the sole trustee and principal beneficiary.  SPI-Trust
is the owner of the building in Bedford, MA in which the Company
leases its space.  Under the current lease, the Company leases
117,180 square feet of space at a rate of $16.50 per square foot
on a triple net basis, whereby the tenant is responsible for
operating expenses, taxes and maintenance of the building, with
annual increases of $0.50 per square foot.  The Bedford Lease
expires on Nov. 30, 2017.

In connection with the Transactions, the Company entered into the
following agreements:

1. A Note Purchase and Assignment Agreement with Mr. Little
pursuant to which the Company sold the N2 Note to Mr. Little in
exchange for (i) $1.5 million in cash and (ii) the forgiveness of
$200,000 of compensation owed by the Company to Mr. Little. In
addition, as part of the transaction, Mr. Little was issued a
five-year warrant to purchase 1.0 million shares of common stock
of the Company for an exercise price per share of $0.276
(representing 120% of the closing price of the common stock on
such date).

2. An Equity Ownership Interest Transfer Agreement with SPI-Trust
pursuant to which the Company sold the N2 Units to SPI-Trust in
exchange for (i) the forgiveness of approximately $1.9 million in
unpaid rent for the period from October 1, 2013 through October
31, 2014 and (ii) the agreement to enter into an amendment to the
Bedford Lease.

3. The Third Amendment to Lease Agreement with SPI-Trust pursuant
to which the Bedford Lease was amended to, among other things, (i)
reduce the leased portion of the premises to 85,732 square feet of
space, effective Nov. 1, 2014, (ii) provide that for the period
commencing Nov. 1, 2014, and running through and including
July 31, 2015, the Company will not be required to pay any base
rent, (iii) provide that for the period commencing on Aug. 1,
2015, and running through and including Jan. 31, 2016, base rent
under the Bedford Lease shall be $5.00 per square foot and (iv)
provide that for the period commencing on Feb. 1, 2016, and
running through the end of the term (Nov. 30, 2017), base rent
under the Bedford Lease shall be $10.00 per square foot.  In
addition, SPI-Trust can terminate the Bedford Lease upon 6 months'
prior written notice, provided that the Bedford Lease cannot be
terminated prior to July 31, 2015.

In addition to the forgiveness of past-due rent of approximately
$1.9 million, the Company estimates that, as compared to the lease
prior to the amendment (and assuming continued occupancy in the
premises), the Lease Amendment will result in savings of
approximately $1.3 million for the Rent-Free Period and savings of
approximately $2.3 million for the period commencing on August 1,
2015 and running through the end of the term (Nov. 30, 2017).

As of the result of the Transactions, and as of the date these
Transactions closed, it is expected that the Company will no
longer be the primary beneficiary of the variable interest entity,
N2 Bio, and, accordingly, the Company will no longer be required
to consolidate the assets, liabilities and results of operations
of N2 Bio into the Company's financial statements.

                          About Spire Corp

Bedford, Massachusetts-based Spire Corporation currently develops,
manufactures and markets customized turn-key solutions for the
solar industry, including individual pieces of manufacturing
equipment and full turn-key lines for cell and module production
and testing.

Spire Corporation reported a net loss of $8.52 million in 2013, as
compared with a net loss of $1.85 million in 2012.

As of June 30, 2014, the Company had $9.34 million in total
assets, $14.19 million in total liabilities and a $4.85 million
total stockholders' deficit.

McGladrey LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company incurred an operating loss from continuing operations
of $8.4 million and cash used in operating activities of
continuing operations was $5.2 million.  The Company's credit
agreement with a bank is due to expire on April 30, 2014.  These
factors raise substantial doubt about its ability to continue as a
going concern.


STANFORD GROUP: Proskauer Loses Bid to Disqualify Neligan
---------------------------------------------------------
Law360 reported that a Texas federal judge rejected Proskauer Rose
LLP's bid to stop Neligan Foley LLP from replacing counsel for
Stanford Financial Group's receiver, whose malpractice suit
alleges Proskauer aided Stanford's $7 billion Ponzi scheme, saying
the court found little risk that Neligan was exposed to
disqualifying information.  According to the report, U.S. District
Judge David C. Godbey, however, said that he would lift the
litigation stay in "an abundance of caution" to allow Proskauer
and former firm attorney Thomas V. Sjoblom to conduct limited
discovery regarding whether Neligan has, in fact, been exposed to
confidential government information.

The case is Ralph S. Janvey v. Proskauer Rose LLP et al., case
number 3:13-cv-00477, in the U.S. District Court for the Northern
District of Texas.

                       About Stanford Group

The Stanford Financial Group was a privately held international
group of financial services companies controlled by Allen
Stanford, until it was seized by United States (U.S.) authorities
in early 2009.

Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under
management or advisement.  Stanford Private Wealth Management
served more than 70,000 clients in 140 countries.

On Feb. 16, 2009, the United States District Court for the
Northern District of Texas, Dallas Division, signed an order
appointing Ralph Janvey as receiver for all the assets and
records of Stanford International Bank, Ltd., Stanford Group
Company, Stanford Capital Management, LLC, Robert Allen Stanford,
James M. Davis and Laura Pendergest-Holt and of all entities they
own or control.  The February 16 order, as amended March 12,
2009, directs the Receiver to, among other things, take control
and possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.

The case in district court was Securities and Exchange Commission
v. Securities Investor Protection Corp., 11-mc-00678, U.S.
District Court, District of Columbia (Washington).

The U.S. Securities and Exchange Commission, on Feb. 17, charged
before the U.S. District Court in Dallas, Texas, Mr. Stanford and
three of his companies for orchestrating a fraudulent, multi-
billion dollar investment scheme centering on an US$8 billion
Certificate of Deposit program.

A criminal case was pursued against him in June before the U.S.
District Court in Houston, Texas.  Mr. Stanford pleaded not
guilty to 21 charges of multi-billion dollar fraud, money-
laundering and obstruction of justice.  Assistant Attorney
General Lanny Breuer, as cited by Agence France-Presse News, said
in a 57-page indictment that Mr. Stanford could face up to 250
years in prison if convicted on all charges.  Mr. Stanford
surrendered to U.S. authorities after a warrant was issued for
his arrest on the criminal charges.


TODD BRUNNER: Faces Charges of Bankruptcy Fraud
-----------------------------------------------
Sarah Westwood at Washington Examiner reports that Todd Brunner
and his son Shawn hid more than $7 million in assets by using a
series of shell companies to evade creditors, and are now facing
charges of bank and bankruptcy fraud.

The Milwaukee Journal-Sentinel relates that the the Department of
Housing and Urban Development inspector general, the FBI, and the
Milwaukee Police Department found out that millions in real estate
property, bank accounts, cars and powerboats were transferred to
Shawn and a network of shell companies.  A federal grand jury said
in a 16-count indictment that Shawn, under his father's
instruction, organized the fake firms while quietly taking assets
out of his own name and transferring them to the companies.

The Journal-Sentinel says that a lawyer has demanded that Mr.
Brunner return the properties to his name when he declared
bankruptcy.

Todd Brunner bought foreclosed properties throughout southeastern
Wisconsin, turning them into rental units.  Todd A. Brunner and
Sharon Y. Brunner filed for Chapter 11 protection (Bankr. E.D.
Wis. Case No. 11-29064) on June 5, 2011, facing nearly $20 million
in debt.  This is Mr. Brunner's second Chapter 11 filing.

Bankruptcy Judge James Shapiro threw out on April 2, 2012, Mr.
Brunner's bankruptcy filing because he failed to disclose all of
his assets and repeatedly blamed others for the collapse of his
empire.


TOMS SHOES: Moody's Assigns B2 CFR & Rates $300M Term Loan B2
-------------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating
and B2-PD Probability of Default Rating to TOMS Shoes, LLC. A B2
rating was also assigned to the company's proposed $300 million
senior secured term loan due 2020. The rating outlook is stable.

This is the first-time Moody's has assigned a rating to TOMS. The
assigned ratings are subject to review of final documentation.

TOMS is a designer, retailer and wholesaler of footwear. The
company was founded by Mr. Blake Mycoskie in 2006. TOMS'
commitment to donating one free pair of shoes for each pair sold
is a cornerstone of its business strategy. Revenue for the latest
12-month period ended June 30, 2014 was about $407 million.

Proceeds from the $300 million term loan along with balance sheet
cash and $169 million of new cash equity from Bain Capital
("Bain"), a well-known private equity sponsor, will be used by
Bain to finance its purchase of 50% of TOMS from Mr. Mycoskie,
refinance TOMS' existing debt, and pay a cash dividend to Mr.
Mycoskie. For its cash equity contribution, Bain will receive
voting control of TOMS.

New ratings assigned:

Corporate Family Rating -- B2

Probability of Default Rating -- B2-PD

$300 million proposed senior secured first lien term loan due
2020 -- B2 (LGD3)

Stable rating outlook

Ratings Rationale

The B2 Corporate Family Rating reflects TOMS' very narrow product
offering and small size in terms of revenue. One product, the
Alpargata shoe, accounts for about 72% of the company's total
revenue and has experienced a steady decline in revenue and
earnings over the past 18 months. Other concerns include the
inherent risks of being owned and operated by a private equity
sponsor, specifically as it relates to financial policy, and the
lack of protection in the debt documents as currently proposed
related to the company's leverage and ability to make restricted
payments.

Positive rating consideration is given to TOMS' operating results
to date, which Moody's believes is largely a result of the
company's successful philanthropic-based "one-for-one" shoe
giveaway commitment originated by its founder. Despite the revenue
and earnings decline of its primary product, the company has grown
rapidly since 2006 and has achieved a relatively high EBITDA
margin that is in line with other premium apparel brands. Moody's
expects these high margins coupled with minimal capital
expenditure requirements and access to a $60 million un-rated
borrowing base credit facility, to continue to support TOMS'
positive free cash flow profile and enable the company to manage
to leverage and coverage levels that Moody's feels are appropriate
at the B2 level given TOMS' small size and significant reliance on
a single product. Moody's expects TOMS' debt/EBITDA will remain
at/near the 4.5 times pro forma level and EBITA/interest will
remain at/above the 3.5 times pro forma level.

The B2 rating assigned to the $300 million term loan reflects the
fact that although it is junior to the TOMS' $60 million borrowing
base credit facility, it will account for a significant majority
of the company's pro forma debt capital structure. The term loan
will have first lien on substantially all of the company's
tangible and intangible assets except for the collateral
supporting the borrowing base credit facility, in which the term
loan will have second lien interest.

The stable outlook is supported by Moody's view that consumers
will continue to demonstrate a willingness to purchase and pay a
premium for products offered by companies with a socially
responsible ideology. The stable outlook also reflects Moody's
expectation that TOMS' revenue and earnings will benefit from new
product introductions, broader marketing efforts, expansion of its
retail store base and international wholesale distribution.

Ratings could be lowered if it appears that TOMS' is unable to
profitably diversify its product offering and/or its core product
and philanthropic "one-for-one" shoe giveaway commitment is no
longer resonating strongly with consumers. In addition, a
deterioration in liquidity for any reason could also have a
negative impact on ratings, as could the payment of any material
cash dividends.

Although ratings improvement is limited at this time, a higher
rating is possible if TOMS' achieves substantially greater product
diversity and a significantly higher degree of revenue and
earnings stability. A higher rating would also require the ability
and willingness to achieve and maintain stronger debt-protection
metrics than similarly rated peers, including lease-adjusted
debt/EBITDA below 3.5 times.

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


TRAVELPORT WORLDWIDE: Morgan Stanley Stake at 7.6% as of Oct. 8
---------------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Morgan Stanley disclosed that as of Oct. 8, 2014, it
beneficially owned 9,111,151 shares of common stock of
Travelport Worldwide Ltd. representing 7.6 percent of the shares
outstanding.  A copy of the regulatory filing is available at:

                       http://is.gd/CCH51H

                    About Travelport Worldwide

Travelport Worldwide Limited is a travel commerce platform
providing distribution, technology, payment and other solutions
for the global travel and tourism industry.

As of June 30, 2014, the Company had $3.01 billion in total
assets, $4.08 billion in total liabilities and a $1.07 billion
total deficit.  The Company reported a net loss of $203 million in
2013 following a net loss of $292 million in 2012.

                           *     *     *

As reported by the TCR on Sept. 8, 2014, Standard & Poor's Ratings
Services raised to 'B-' from 'CCC+' its long-term corporate credit
ratings on U.K.-based travel services provider Travelport
Worldwide Limited and its new wholly owned financing entity,
Travelport Finance (Luxembourg) S.a.r.l. (Travelport Finance).
The outlook is stable.


TRUMP ENTERTAINMENT: Judge Voids Union Contract With Taj Mahal
--------------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
U.S. Bankruptcy Judge Kevin Gross in Wilmington, Del., said he
would grant Trump Entertainment Resort Inc.?s request to terminate
its contract with the union representing more than 1,100 casino
workers at the Trump Taj Mahal.  According to the report, Judge
Gross sided with the troubled casino owner and against Unite Here
Local 54 in a fight over whether the company could survive
bankruptcy without forcing $14.6 million worth of concessions on
the union.

                About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on
Sept. 9, 2014, with plans to shutter its casinos.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, 2014, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13, 2104.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.


TRUMP ENTERTAINMENT: NJ Lawmaker Accuses Icahn Of Stifling Rescue
-----------------------------------------------------------------
Law360 reported that New Jersey Senate President Stephen Sweeney,
D-Gloucester, railed against billionaire investor Carl Icahn, the
primary debt holder for Atlantic City's bankrupt Trump Taj Mahal,
saying Icahn's attempts at slashing workers' benefits should
disqualify him from tax breaks Icahn has sought to rescue the
properties.  According to the report, the lawmaker backed union
Unite Here Local 54 in its protest of Icahn's plan to reanimate
the Trump Taj Mahal with a $100 million cash injection, which
Icahn has considered offering provided the deal comes with tax
breaks or concessions from unions.

                About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on
Sept. 9, 2014, with plans to shutter its casinos.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, 2014, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13, 2104.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.


VERTELLUS SPECIALTIES: Moody's Affirms B3 Corporate Family Rating
-----------------------------------------------------------------
Moody's Investors Service affirmed Vertellus Specialties Inc.'s
corporate family rating (CFR) at B3 following modifications to its
proposed debt refinancing. Moody's affirmed the B3 rating on its
new $455 million senior secured first lien term loan due 2019,
despite the increase in leverage and an expected increase in
interest costs. Proceeds from the debt will be used to refinance
the existing $345 million senior notes and to help fund the
acquisition of a UK based fine and specialty chemicals producer.
Vertellus' existing $100 million ABL will be extended to 2019.
Ratings on the existing $345 million senior notes due 2015 will be
withdrawn upon funding of the new debt. The outlook is negative.

"The closure of the Antwerp plant and the Chinese tariff on
imports of pyridine derivatives have improved the company's credit
profile, but the high cost of the new term loan will limit free
cash flow generation and slow deleveraging," said Lori Harris, the
analyst covering Vertellus at Moody's.

Ratings Rationale

Vertellus' B3 CFR reflects its elevated leverage, high interest
expense, relatively small size, exposure to historically volatile
raw materials costs, competitive pressure in several markets,
limited visibility on new capacity additions in Asia, and spending
on legal / environmental settlements. Vertellus future financial
performance will benefit from the imposition of Chinese tariffs on
pyridine and its derivatives; the UK acquisition's incremental
EBITDA, product diversity and synergies (transaction is roughly
leverage neutral), as well as the Antwerp plant closure. However
the higher interest cost of the new debt will restrict its ability
to delever. Pro forma for the refinancing and acquisition leverage
increases to 6.8x, using expected LTM September 30, 2014
financials and not including acquisition synergies (pro forma
metrics using June 30, 2014 LTM financials would result in 6.3x
leverage). Earnings in the September 30, 2014 LTM period are
expected to be negatively impacted by weaker third quarter 2014
results due to lower than expected volumes as a result of extended
customer outages(Chinese parquet producers), reduced production
volumes in the first quarter 2014 due to the cold weather, and the
fourth quarter 2013 which did not fully benefit from the Chinese
tariffs.

Benefiting the company are its position as a diversified business
of niche chemistries, as well as leading market positions in
pyridines and vitamin B3. Vertellus' completion of a majority of
its planned growth spending has improved free cash flow potential.
The protective 5 year anti-dumping tariff on pyridine imports into
China, which started in November 2013, and a better raw materials
pricing environment have also helped margins recently. Vertellus'
decision to idle its high cost Antwerp facility will generate
meaningful savings, but restructuring costs will partially offset
the benefit of these recent actions. Moody's anticipates favorable
operating results from improved volumes, reduced capex, a benign
raw materials environment, as well as the avoidance of operational
problems similar to those that adversely impacted first quarter
2014. Vertellus' private equity sponsor, Wind Point Partners is
also contributing some incremental equity to the transaction in
order to support debt reduction.

Moody's expects that the company's proposed capital structure will
increase interest expense by at least $8 million per year; part of
the increase is due to the incremental debt to fund the UK
acquisition, which contributes EBITDA, and to pay down some
revolver borrowings. While the term loan will contain a 75% cash
flow sweep (with step-downs), the high interest burden will limit
meaningful deleveraging. The term loan agreement will have a
maximum total leverage covenant, as well as customary mandatory
prepayment provisions.

Vertellus' proposed $455 million first lien term loan has a 5 year
maturity. There is a $165 million incremental facility which, if
drawn, will be used for permitted acquisitions and has a leverage
test (after 6 months the incremental facility size is reduced to
$50 million). The new term loan contains a maximum total leverage
covenant and is subject to mandatory prepayments including a 75%
excess cash flow sweep with step-downs.

(All ratios include Moody's Standard adjustments which add $21
million for Pension obligations and $31 million for the
capitalization of operating leases, these adjustments also
favorably impact EBITDA by $2 million and $5 million
respectively.)

Ratings Affirmed:

Vertellus Specialties Inc.

  Corporate Family Rating -- B3

  Probability of Default Rating -- B3-PD

  $455 million Senior Secured First Lien Term Loan due 2019 -- to
  B3 LGD4 from B3 LGD3

  $100 million Asset Based Revolving Credit Facilities due 2015
  -- at Ba3 LGD1

Ratings Withdrawn:

Vertellus Specialties Inc.

  $85 million Senior Secured Second Lien Term Loan due 2022 --
  Caa2 LGD5

Ratings Unchanged:

  $345 million Senior Secured Notes due October 1, 2015 -- Caa1
  LGD4 *

  Outlook - Negative

* Rating to be withdrawn upon completion of the refinancing.

The negative outlook reflects Vertellus' increased interest
expenses following the debt refinancing and its inability to
consistently generate higher profitability since the
implementation of the Chinese tariffs. The combination of these
two factors may meaningfully limit its ability to delever.
Additionally, the outlook reflects the risks to integrating the UK
acquisition as well as the possibility of incremental debt for
acquisitions. While an upgrade is unlikely over the near-term, if
Vertellus reduces debt and decreases leverage sustainably below
6x, Moody's would consider moving the outlook to stable.
Conversely, if Vertellus' available liquidity (cash and revolver
availability) were to drop below $30 million or leverage were to
sustainably exceed 7x, or free cash flow is consistently negative,
the rating could be lowered.

The company's adequate liquidity is supported mainly by its $100
million ABL revolver which is being amended and extended to mature
in 2019. The 5 year ABL revolver is regularly used to fund working
capital and capex and could be used to support acquisitions.
Moody's expects $66 million in availability under the ABL facility
following the refinancing and funding of the UK acquisition on a
borrowing base near $90 million; following the proposed
refinancing $23.9 million will be drawn under the revolver. The
transfer from ABL usage to permanent debt under the term loan
improves Vertellus' available liquidity under the revolver. Modest
cash balances of less than $10 million also support liquidity.

The ABL facility is secured on a first priority basis by accounts
receivable and inventory and on a second priority basis by
property, plant, and equipment. Moody's expects that Vertellus
will not exceed the ABL revolver's 85% borrowing level during 2014
or 2015. If the 85% borrowing level is exceeded, and if the
company does not maintain an average fixed charge coverage ratio
of more than 1.10 to 1.0 (over the prior 4 quarters), an event of
default would occur. The Fixed Charge Coverage Ratio is a ratio of
adjusted EBITDA less unfunded capital expenditures to the total of
interest payments plus cash taxes and management fees per GAAP.
Moody's expects Vertellus to easily comply with covenants through
2015.

Moody's expects Vertellus to keep capex below $27 million
annually, which incorporates some growth capital expenditures
through 2015, as well as the capex to support the acquired UK
business, but is much lower than the capex spent in 2011 and 2012
on the Indianapolis expansions.

Vertellus Specialties Inc., a private company controlled by
private equity firm Wind Point Partners, is a leading global
manufacturer of pyridine and picoline derivative chemicals and
producer of renewable chemistries for plastics and coatings, high
performance additives for medical and plastics applications, and
complex intermediates for pharmaceutical and agriculture
customers. Vertellus offers a broad array of products to a diverse
range of customers in seven target markets: agricultural,
nutrition, personal care, industrial specialties, polymers and
plastics, pharmaceutical and medical, and coatings, adhesives,
sealants and elastomers. Headquartered in Indianapolis, Indiana,
the company has operating facilities in the U.S., the United
Kingdom, Belgium, India and China. Revenues for the last twelve
months ended June 30, 2014 were $599 million.

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


W.R. GRACE: Bilzin Sumberg Gets $300,000 More Fees
--------------------------------------------------
Law360 reported that Bilzin Sumberg Baena Price & Axelrod LLP and
reorganized debtor W.R. Grace & Co. reached a deal that will see
W.R. Grace pay the law firm an additional $300,000 in fees for
litigating avoidance actions on behalf of the chemical giant
during its asbestos-laden bankruptcy.  According to the report,
the agreement, worked out during a hearing in Delaware bankruptcy
court, resolved Grace's opposition to the $875,000 fee enhancement
Bilzin Sumberg had sought as extra compensation for its work in
pursuing fraudulent transfer claims that eventually brought in
more than $1 billion for the estate's asbestos trusts.  U.S.
Bankruptcy Judge Kevin J. Carey encouraged the parties to discuss
a consensual outcome and blessed the result of those talks when
they returned to court following an hourlong break, the report
related.

                        About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.  Grace employs
approximately 6,500 people in over 40 countries and had 2012 net
sales of $3.2 billion.

The company and its debtor-affiliates filed for chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).

The Debtors are represented by Adam Paul, Esq., and John Donley,
P.C., Esq., at Kirkland & Ellis LLP, in Chicago, Illinois; Roger
Higgins, Esq., at The Law Offices of Roger Higgins, in Chicago,
Illinois; and Laura Davis Jones, Esq., James E. O'Neill, Esq.,
and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl & Jones,
LLP, in Wilmington, Delaware.

The Debtors hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.

Stroock & Stroock & Lavan, LLP, and Duane Morris, LLP, represent
the Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.

Roger Frankel serves as legal representative for victims of
asbestos exposure who may file claims against W.R. Grace.  Mr.
Frankel, a partner at Orrick Herrington & Sutcliffe LLP, replaces
David Austern, who was appointed to that role in 2004.  Mr.
Frankel has served as legal counsel for Mr. Austern who passed
away in May 2013.  The FCR is represented by Orrick Herrington &
Sutcliffe LLP as counsel; Phillips Goldman & Spence, P.A., as
Delaware co-counsel; and Lincoln Partners Advisors LLC as
financial adviser.

Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace obtained confirmation of a plan co-proposed with the
Official Committee of Asbestos Personal Injury Claimants, the
Official Committee of Equity Security Holders, and the Asbestos
Future Claimants Representative.   The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.

District Judge Ronald Buckwalter on Jan. 31, 2012, entered an
order affirming the bankruptcy court's confirmation of the Plan.
Bankruptcy Judge Judith Fitzgerald had approved the Plan on
Jan. 31, 2011.

W.R. Grace defeated four appeals from approval of the Plan.  A
fifth appeal was by secured bank lenders claiming the right to
$185 million of interest at the contractual default rate.
Pursuant to a settlement announced in December 2013, lenders are
to receive $129 million in settlement of the claim for additional
interest.


* Banks Agree To End 'Too-Big-To-Fail' Swaps Provision
------------------------------------------------------
Law360 reported that Goldman Sachs Group Inc., Bank of America
Corp. and 16 other global banks have agreed to new limits on their
rights as counterparties in cross-border swaps transactions, a
move the International Swaps and Derivatives Association said may
help end the notion that some banks are "too big to fail."

According to the report, under the new protocol, banks will amend
their bilateral swap agreements with one another to create a stay
of any early termination rights in the event a counterparty fails,
the ISDA said.  These rights, which allow banks to foreclose on
collateral or demand payments, have been a major concern to
regulators since the financial crisis, as the failure of one bank
could trigger a series of contractual demands that could
destabilize markets or make the resolution of the failed bank more
difficult, the report related.


* California Legislature Could Close Door to Chapter 9
------------------------------------------------------
Tonya Chin, writing for The Bond Buyer, reported that Bill
Lockyer, treasurer for the state of California, predicted that if
pension obligations are impaired in the Stockton, Calif.
bankruptcy case, state lawmakers could respond by closing the door
to bankruptcy for California municipalities.

"If it looks like bankruptcy judges in California are going to be
activists in this domain, I wouldn't be very surprised to see a
coalition of teachers, nurses, firefighters, law enforcement
people, district attorneys -- and the list goes on -- all lobby to
the legislature to change the rules so that no municipality can
bring a bankruptcy action in a Chapter 9 proceeding," the report
cited Mr. Lockyer as saying.


* Too-Big-to-Fail Banks Face Up to $870 Billion Capital Gap
-----------------------------------------------------------
John Glover and Jim Brunsden, writing for Bloomberg News, reported
that too big to fail is likely to prove a costly epithet for the
world's biggest banks as regulators demand they increase holdings
of debt securities to cover losses should they collapse.
According to the report, the shortfall facing lenders from
JPMorgan Chase & Co. to HSBC Holdings Plc could be as much as $870
billion, according to estimates from AllianceBernstein Ltd., or as
little as $237 billion forecast by Barclays Plc.


* Blackstone to Spin Off Financial Advisory Business
----------------------------------------------------
Blackstone (NYSE:BX) on Oct. 10, 2014, announced that its Board of
Directors has approved a plan to spin off its financial and
strategic advisory services, restructuring and reorganization
advisory services, and its Park Hill fund placement businesses and
combine these businesses with PJT Partners, an independent
financial advisory firm founded by Paul J. Taubman. The parties
expect the transaction to close in 2015.

The new entity will be an independent, publicly traded company,
which will be led by Mr. Taubman, 53, as Chairman and Chief
Executive Officer. Prior to founding PJT Partners, Mr. Taubman
spent 30 years at Morgan Stanley where he served as Co-President
of the Institutional Securities Group. Prior to becoming Co-
President, he was the Head of Global Investment Banking and Head
of its Global Mergers and Acquisitions Department. Since leaving
Morgan Stanley, Mr. Taubman, acting independently, has advised
corporate clients on some of the largest M&A transactions in
recent years and began building an elite team of senior bankers to
form PJT Partners.

Upon completion of the spin-off, Blackstone's current unitholders
will initially own approximately 65% of the new entity.
Blackstone's advisory employees will roll their Blackstone units
into the new company and, combined with Mr. Taubman and his
partners, will initially own approximately 35% of the company. Mr.
Taubman will serve as Chairman of the Board of Directors of the
new company, which will also include four independent directors.

Stephen A. Schwarzman, Blackstone's Chairman, CEO and Co-Founder,
commenting on the announcement, said, "Blackstone began as an
advisory firm nearly 30 years ago. The decision to spin off these
businesses is possible because of our success in growing them over
the past 30 years. As the largest alternative asset manager in the
world, and with our investing areas considerably broader and
larger than even a few years ago, we have not been free to
aggressively grow our advisory businesses further out of concern
for potential conflicts. The separation of our investing and
advisory areas will create new growth opportunities for both
businesses."

Mr. Schwarzman continued, "Paul is one of the preeminent
investment bankers in the world. He has had an impressive career
over three decades as a strategic advisor to Fortune 500
corporations and as a senior Wall Street executive at one of the
most respected financial institutions. With this experience, along
with his recent success founding and growing an independent
financial advisory business and his proven ability to attract top
talent to his new firm, I am confident that Paul will help create
the best advisory business on the Street. And, while we will truly
miss the daily interaction with our advisory colleagues, we look
forward to working with them as clients in the future."

Added Mr. Taubman, "This is a unique opportunity to combine the
legacy, scale and scope of a well-established business while
capturing the entrepreneurial energy of a new firm to better serve
clients. Further, by eliminating the potential conflicts that
existed as part of the world's largest alternative asset manager,
these three businesses will now be positioned for significant
growth. The new enterprise will include the leading restructuring
franchise on the Street, a market-leading fund placement business
and a strategically important advisory practice. By combining
resources, we have an opportunity to establish a new leader in the
advisory space and the premier destination for talent."

Blackstone's advisory business has a demonstrated record of
excellence and performance over a nearly 30-year period, including
a #1 ranking in both global announced and completed restructuring
transactions. The new company will be well-positioned to
capitalize on favorable industry trends, better serve its clients
and enhance its growth prospects by operating independently. In
addition, Blackstone and its portfolio companies will be free to
hire the new company and benefit from its world-class expertise.

Excluding capital markets revenues attributable to Blackstone's
Financial Advisory segment that will not be part of the
transaction, Blackstone's advisory businesses generated
approximately $380 million of revenue for the twelve months ending
June 30, 2014.

The transaction is intended to be tax-free to Blackstone and
Blackstone's unitholders. The completion of the transaction is
subject to the satisfaction or waiver of certain customary closing
conditions, including the effectiveness of a registration
statement with the U.S. Securities and Exchange Commission, the
receipt by Blackstone of an opinion from its tax counsel as to the
tax-free nature of the transaction and certain regulatory
approvals. The transaction will not be subject to a vote of
Blackstone's common unitholders. There can be no assurance that
the transaction will ultimately be consummated, or, as to its
timing in the event the transaction is consummated.

Simpson Thacher & Bartlett LLP is acting as legal counsel to
Blackstone in this transaction. Weil, Gotshal & Manges LLP is
acting as legal counsel to PJT Partners.

                       About Blackstone

Blackstone is one of the world's leading investment firms. We seek
to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in
which we work. We do this by using extraordinary people and
flexible capital to help companies solve problems. Our asset
management businesses, with almost $300 billion in assets under
management, include investment vehicles focused on private equity,
real estate, public debt and equity, non-investment grade credit,
real assets and secondary funds, all on a global basis. Blackstone
also provides various financial advisory services, including
financial and strategic advisory, restructuring and reorganization
advisory and fund placement services. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter
@Blackstone.

                       About PJT Partners

PJT Partners is a next generation financial advisory firm. Our
team of elite practitioners provides expertise and innovative
advice to clients across industries on transformative strategic
events including mergers, acquisitions, divestitures, and
corporate reorganizations as well as defense, capital structure
and capital-raising.

Investor and Media Relations Contacts:

         Joan Solotar
         Weston Tucker
         Peter Rose
         BLACKSTONE
         Email: solotar@blackstone.com
                tucker@blackstone.com
                rose@blackstone.com

For PJT Partners:

         Steve Frankel/Jonathan Keehner
         Joele Frank
         Wilkinson Brimmer Katcher
         Tel: +1 (212) 355-4449


* BOND PRICING -- For Week From October 13 - 17, 2014
-----------------------------------------------------

  Company               Ticker  Coupon Bid Price  Maturity Date
  -------               ------  ------ ---------  -------------
Alion Science &
  Technology Corp       ALISCI  10.250    91.967       2/1/2015
Allen Systems
  Group Inc             ALLSYS  10.500    35.000     11/15/2016
Allen Systems
  Group Inc             ALLSYS  10.500    36.500     11/15/2016
Caesars Entertainment
  Operating Co Inc      CZR     10.000    16.250     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    20.170       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     12.750    19.579      4/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      6.500    24.000       6/1/2016
Caesars Entertainment
  Operating Co Inc      CZR      5.750    24.260      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    17.000     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    24.750       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR      5.750    10.000      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.750    12.625       2/1/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    16.125     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    19.000     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    24.750       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     10.000    16.125     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    19.000     12/15/2018
Dendreon Corp           DNDN     2.875    64.000      1/15/2016
Endeavour
  International Corp    END     12.000    20.000       6/1/2018
Endeavour
  International Corp    END      5.500     4.750      7/15/2016
Energy Conversion
  Devices Inc           ENER     3.000     7.875      6/15/2013
Energy Future
  Holdings Corp         TXU      5.550    83.705     11/15/2014
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU     10.000     8.750      12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU     10.000     8.750      12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU      6.875     4.236      8/15/2017
Exide Technologies      XIDE     8.625    26.000       2/1/2018
Exide Technologies      XIDE     8.625    15.875       2/1/2018
Exide Technologies      XIDE     8.625    15.875       2/1/2018
FairPoint
  Communications
  Inc/Old               FRP     13.125     1.000       4/2/2018
GT Advanced
  Technologies Inc      GTAT     3.000    20.500      10/1/2017
Global Geophysical
  Services Inc          GGS     10.500    11.000       5/1/2017
Global Geophysical
  Services Inc          GGS     10.500    10.250       5/1/2017
Gymboree Corp/The       GYMB     9.125    29.250      12/1/2018
Humana Inc              HUM      6.450   108.855       6/1/2016
James River Coal Co     JRCC     7.875     1.140       4/1/2019
James River Coal Co     JRCC    10.000     1.250       6/1/2018
James River Coal Co     JRCC     3.125     0.213      3/15/2018
James River Coal Co     JRCC    10.000     4.963       6/1/2018
Las Vegas Monorail Co   LASVMC   5.500     3.000      7/15/2019
Lehman Brothers Inc     LEH      7.500    12.500       8/1/2026
MF Global Holdings Ltd  MF       6.250    40.500       8/8/2016
MF Global Holdings Ltd  MF       1.875    38.100       2/1/2016
MModal Inc              MODL    10.750    10.125      8/15/2020
Molycorp Inc            MCP      6.000    33.830       9/1/2017
Molycorp Inc            MCP      3.250    49.875      6/15/2016
Molycorp Inc            MCP      5.500    37.000       2/1/2018
Motors Liquidation Co   MTLQQ    7.200    11.250      1/15/2011
Motors Liquidation Co   MTLQQ    7.375    11.250      5/23/2048
Motors Liquidation Co   MTLQQ    6.750    11.250       5/1/2028
NII Capital Corp        NIHD    10.000    27.500      8/15/2016
NII Capital Corp        NIHD     7.625    18.200       4/1/2021
NII Capital Corp        NIHD     8.875    24.377     12/15/2019
Nuveen Investments Inc  JNC      9.500   116.000     10/15/2020
Nuveen Investments Inc  JNC      9.500   116.313     10/15/2020
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Powerwave
  Technologies Inc      PWAV     3.875     0.125      10/1/2027
Powerwave
  Technologies Inc      PWAV     2.750     0.125      7/15/2041
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Powerwave
  Technologies Inc      PWAV     3.875     0.125      10/1/2027
Quicksilver
  Resources Inc         KWK      7.125    22.220       4/1/2016
Saratoga Resources Inc  SARA    12.500    81.500       7/1/2016
THQ Inc                 THQI     5.000    12.125      8/15/2014
TMST Inc                THMR     8.000    12.000      5/15/2013
TeleCommunication
  Systems Inc           TSYS     4.500    99.700      11/1/2014
Terrestar
  Networks Inc          TSTR     6.500    10.000      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250    10.375      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    25.000       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250    10.375      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    22.500       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    10.150      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250    10.000      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    10.125      11/1/2016
Toys R Us -
  Delaware Inc          TOY      7.375   101.000       9/1/2016
Toys R Us -
  Delaware Inc          TOY      7.375   100.000       9/1/2016
Tunica-Biloxi
  Gaming Authority      PAGON    9.000    59.375     11/15/2015
US Foods Inc            USFOOD   8.500   104.875      6/30/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.375    61.975       8/1/2016
Walter Energy Inc       WLT      8.500    30.000      4/15/2021
Walter Energy Inc       WLT      9.875    33.250     12/15/2020
Walter Energy Inc       WLT      9.875    33.250     12/15/2020
Western Express Inc     WSTEXP  12.500    89.125      4/15/2015
Western Express Inc     WSTEXP  12.500    88.500      4/15/2015



                             *********

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 202-362-8552.


                  *** End of Transmission ***