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         T R O U B L E D   C O M P A N Y   R E P O R T E R

          Wednesday, November 12, 2014, Vol. 18, No. 315

                            Headlines

ADVANCED WORKSTATIONS: Case Summary & 20 Top Unsecured Creditors
AEROGROW INTERNATIONAL: Incurs $507,000 Net Loss in Q2
AMERICAN APPAREL: Reports $19.2 Million Net Loss for 3rd Quarter
AMERICAN CAPITAL: Moody's Affirms B2 CFR & Senior Secured Rating
APOLLO MEDICAL: Reaches Settlement Agreement With Raouf Khalil

ALLY FINANCIAL: Posts $423 Million Net Income in Q3
ATLANTIC COAST: Posts $453,000 Net Income in Third Quarter
B/E AEROSPACE: Moody's Lowers Corporate Family Rating to Ba2
CAESARS ENTERTAINMENT: Continuing Talks First Lien Creditors
CAESARS ENTERTAINMENT: To Report $980 Million Q3 Net Loss

CANANDAIGUA LAND: Court Rules in Suit Against Ontario
CHOCTAW GENERATION: Fitch Affirms 'B' Rating on 2031 Lessor Notes
COLDWATER CREEK: GlassRatner to Advise Liquidating Trustee
CONCORD CAMERA: Voluntarily Delists Securities
CREATIVE OUTDOOR: Case Summary & 20 Largest Unsecured Creditors

CTI BIOPHARMA: To Offer 35,000 Preferred Shares
DAHL'S FOODS: Files for Chapter 11 to Sell to AWG for $4.8-Mil.
DAHL'S FOODS: Iowa Grocery Chain Has $41 Million in Debt
DAHL'S FOODS: Proposes $255,000 in Bonuses to Keep Employees
DENDREON CORP: Files for Ch. 11 with Dual-Track Plan Deal

DETROIT, MI: Pension Risk Still Intact Despite Ch. 9 Emergence
DOLAN COMPANY: Has Until Feb 16 to File Notices to Remove Actions
EVERYWARE GLOBAL: Registers 23.3 Million Shares for Resale
FIRST DATA: Reports $235 Million Third Quarter Net Loss
FLUX POWER: Director Resigns for Personal Reasons

FOUNDATION HEALTHCARE: Posts $154,000 Net Income in 3rd Quarter
FRED FULLER OIL: Files Bare-Bones Chapter 11 Petition
FRED FULLER OIL: Case Summary & 20 Largest Unsecured Creditors
GARY DOURDAN: Files for Chapter 11 Bankruptcy for 2nd Time
GEOMET INC: Stockholders Elected Three Directors

GENERAL MOTORS: Ignition Switch Death Toll Grows to 32 People
GLYECO INC: Stockholders Elected 7 Directors
GREAT LAKES SPECIALTY: First Creditors' Meeting Set for Nov. 18
GREEN BRICK: David Einhorn Reports 49.9% Equity Stake
GT ADVANCED: Apple Denies "Bully" Allegations

GUIDED THERAPEUTICS: Amends 45 Million Shares Prospectus
HASHFAST TECHNOLOGIES: To Auction Remaining Assets on Dec. 4
HEALTHWAREHOUSE.COM INC: Sold 2.3 Million Common Shares
IDERA PHARMACEUTICALS: Incurs $9.6 Million Net Loss in Q3
IMAGEWARE SYSTEMS: Delays Third Quarter Form 10-Q

INC RESEARCH: S&P Raises CCR to 'BB-' Following Completed IPO
INTEGRATED BIOPHARMA: Posts $403,000 Net Income in First Quarter
INVESTCORP BANK: Fitch Affirms 'BB' LT Issuer Default Rating
ION MEDIA: Moody's Affirms B1 CFR & Rates $150MM 1st Lien Debt B1
ION MEDIA: S&P Affirms 'B+' CCR on Proposed Debt Add-On

KAHN FAMILY: Alan Kahn Exits Chapter 11 Bankruptcy
LDK SOLAR: Cayman Court Sanctions Schemes of Arrangement
LDK SOLAR: Chapter 15 Recognition Hearing Set for November 21
LENNAR CORP: Fitch Withdraws 'BB+' Rating on New $350MM Notes
MACKEYSER HOLDINGS: Files Joint Ch. 11 Plan of Liquidation

MEDIACOPY TEXAS: Ancillary Receivership Did Not Violate Stay
METALICO INC: Addresses Recent Stock Downturn
MGM RESORTS: T. Rowe Price Reports 10.7% Equity Stake
MICHAEL'S ENTERPRISES: Must Pay BB&T's Attorney Fees
MOMENTIVE SPECIALTY: Incurs $28 Million Net Loss in Third Quarter

MOBILESMITH INC: Incurs $2.1 Million Net Loss in Third Quarter
MERRIMACK PHARMACEUTICALS: Incurs $28 Million Net Loss in Q3
MULTI PACKAGING SOLUTIONS: S&P Keeps B CCR Over $135MM Loan Add-On
MORGANS HOTEL: Incurs $13.7 Million Net Loss in Third Quarter
NAKED BRAND: BDO Canada LLP Dismissed as Accountants

NII HOLDINGS: Posts Net Loss of $457 Mil. in Third Quarter
OPTIM ENERGY: Plan Filing Date Extended Until Feb. 2015
OVERSEAS SHIPHOLDING: Posts Net Loss of $2.4 Million in Q3 of 2014
PINNACLE ENTERTAINMENT: Fitch Alters Outlook to Neg Over Spinoff
POLONIA DEVELOPMENT: Voluntary Chapter 11 Case Summary

PRESIDENTIAL REALTY: N. Jekogian Owns 40% of Class A Shares
QUANTUM CORP: Posts Net Income of $1.2 Million in Second Quarter
QUANTUM FUEL: Incurs $5.2 Million Net Loss in Third Quarter
QUEEN ELIZABETH: Margaret Wu Wants Trustee Appointed or Conversion
RECYCLE SOLUTIONS: Seeks to Use Regions Bank Cash Collateral

RIVERHOUNDS EVENT: Judge Approves Exit Plans for Team, Stadium
SEARS HOLDINGS: Shares Gain Over Financial Engineering Move
SIRIUS INT'L: Fitch Affirms BB+ Rating on $250MM Shares
SISTER 2 SISTER: Case Summary & 20 Largest Unsecured Creditors
SUN BANCORP: Registers 1.3 Million Shares for Resale

SOLAR POWER: Unit Plans to Acquire All-Zip Roofing
SUPERVALU INC: Moody's Raises Corporate Family Rating to B1
SUPERVALU INC: S&P Rates Proposed Senior Unsecured Notes 'B-'
TEXOMA PEANUT: Proposes Crowe & Dunlevy as Bankruptcy Counsel
TEXOMA PEANUT: Proposes DHG as Bankruptcy Accountants

TRONOX INC: Judge Approves Anadarko's $5.15B Enviro Settlement
TRUMP ENTERTAINMENT: Atlantic City Seeks Sale of Casino's Tax Bill
U.S. COAL: Wins Approval to Reject Kolmar Contract
U.S. COAL: Harlan County Mining, 3 Others File Petitions
U.S. COAL: Stites Wants Stay Lifted to Allow AIG Payment

UNITED AMERICAN: Dove Foundation Reports 13.5% Equity Stake
VERMONT STUDENT: Fitch Affirms 'B-sf' Rating on Cl. 1998L Bonds
WEST 160 SCRAP: Voluntary Chapter 11 Case Summary
WESTMORELAND COAL: Reports Third Quarter 2014 Results
WPCS INTERNATIONAL: Fails to Comply With $1 Bid Price Rule

WAVE SYSTEMS: Reports $2.1 Million Net Loss for Third Quarter
XS CARGO: General Creditors' Meeting Slated for November 20

* Moses & Singer's Daniel Rubin Weighs on IRAs, Bankruptcy Ruling
* Justice Dept. Seeks Comments on Rule for Uniform Ch 11 Reports
* Unfunded Pension Liabilities Pose Threat to Investors

* Deloitte Names William Synder U.S. Restructuring Services Leader
* Jonathan Brown Joins Burr & Forman's Fort Lauderdale Office
* Koenig Law Firm Best Bankruptcy Law Firm in Ill. for Nov. 2014


                             *********


ADVANCED WORKSTATIONS: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Advanced Workstations in Education, Inc.
           fdba Alternate Work Environments, Inc.
           aka AWE
        2501 Seaport Drive
        Suite 410 SH
        Chester, PA 19013

Case No.: 14-18952

Chapter 11 Petition Date: November 10, 2014

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

Judge: Hon. Magdeline D. Coleman

Debtor's Counsel: James M. Matour, Esq.
                  DILWORTH PAXSON LLP
                  1500 Market Street, Suite 3500E
                  Philadelphia, PA 19102
                  Tel: (215) 575-7134
                  Fax: 215-575-7200
                  Email: jmatour@dilworthlaw.com

Debtor's          SSG ADVISORS, LLC
Investment
Bankers:

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Geoffrey Lapress, CFO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/paeb14-18952.pdf


AEROGROW INTERNATIONAL: Incurs $507,000 Net Loss in Q2
------------------------------------------------------
AeroGrow International, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $507,000 on $1.70 million of net revenue for the
three months ended Sept. 30, 2014, compared to a net loss of
$541,000 on $676,000 of net revenue for the same period in 2013.

For the six months ended Sept. 30, 2014, the Company reported a
net loss of $1.36 million on $3.39 million of net revenue compared
to a net loss of $548,000 on $1.79 million of net revenue for the
same period a year ago.

As of Sept. 30, 2014, the Company had $8.66 million in total
assets, $8.64 million in total liabilities, all current, and
$17,000 in total stockholders' equity.

"Our second quarter saw an acceleration of the positive trends
we've seen over the past year in revenue growth, product
development and expansion of our retail foot print," said
President and CEO, J. Michael Wolfe.

"Second quarter net revenue was up 153% to $1.7 million.  The
biggest driver of this strong revenue trend was our Retail
Channel, up 526% with a $782,000 increase year over year.  This
growth was primarily due to increases at existing accounts such as
Amazon and Costco.com as well as several newly acquired retail
accounts, particularly BJ's Wholesale Club.  In addition, our
direct-to-consumer channel continued to show strong growth,
increasing by 47% as sales of both gardens and high margin seed
kit and accessories increased to our growing installed base of
consumers."

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

                        http://is.gd/fkboUV

                          About AeroGrow

Boulder, Colo.-based AeroGrow International, Inc., is a developer,
marketer, direct-seller, and wholesaler of advanced indoor garden
systems designed for consumer use and priced to appeal to the
gardening, cooking, and healthy eating, and home and office decor
markets.

Aerogrow International reported a net loss attributable to common
shareholders of $4.13 million for the year ended March 31, 2014, a
net loss attributable to common shareholders of $8.25 million for
the year ended March 31, 2013, and a net loss of $3.55 million for
the year ended March 31, 2012.


AMERICAN APPAREL: Reports $19.2 Million Net Loss for 3rd Quarter
----------------------------------------------------------------
American Apparel, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $19.18 million on $155.86 million of net sales for
the three months ended Sept. 30, 2014, compared to a net loss of
$1.51 million on $164.54 million of net sales for the three months
ended Sept. 30, 2013.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $40.85 million on $455.36 million of net sales
compared to a net loss of $85.52 million on $464.83 million of net
sales for the same period during the prior year.

The Company's balance sheet at Sept. 30, 2014, the Company had
$307.18 million in total assets, $394.78 million in total
liabilities and a $87.59 million total stockholders' deficit.
As of Sept. 30, 2014, the Company had $9.38 million in cash.

Scott Brubaker, interim chief executive officer, commented, "The
strength of American Apparel's operating model is evident in the
38% year-over-year improvement in adjusted EBITDA.  We are proud
to have achieved this growth during a period of company-wide
operational restructuring and in a challenging macro-economic
environment for retailers.  I am encouraged by these results, and
am optimistic about the future prospects of the business."

As of Nov. 3, 2014, the Company had $8.4 million of availability
for additional borrowings under its facility.

"We and Standard General Group ("Standard General") are in the
process of negotiating a $15 million unsecured credit agreement
between one or more entities affiliated with Standard General and
one or more of our foreign subsidiaries as borrowers.  We expect
to enter into this credit agreement in the fourth quarter of
2014," the Company disclosed in the filing.

The Company reaffirms previously issued guidance that Adjusted
EBITDA will be in the range of $40 million to $45 million for the
twelve months ending Dec. 31, 2014.

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

                        http://is.gd/PnHBga

                       About American Apparel

American Apparel is a vertically-integrated manufacturer,
distributor, and retailer of branded fashion basic apparel based
in downtown Los Angeles, California.  As of Sept. 30, 2014,
American Apparel had approximately 10,000 employees and operated
245 retail stores in 20 countries including the United States and
Canada.  American Apparel also operates a global e-commerce site
that serves over 60 countries worldwide at
http://www.americanapparel.com. In addition, American Apparel
operates a leading wholesale business that supplies high quality
T-shirts and other casual wear to distributors and screen
printers.

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

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

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

                           *     *     *

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

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

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


AMERICAN CAPITAL: Moody's Affirms B2 CFR & Senior Secured Rating
----------------------------------------------------------------
Moody's Investors Service affirmed American Capital Ltd's B2
corporate family rating and senior secured rating and B3 senior
unsecured rating. The rating outlook is stable.

Ratings Rationale

The rating action follows American Capital's announcement that it
will reorganize its corporate structure, which will entail
transferring its investment assets to two new publicly-traded
business development companies ("BDCs") and merging its holding
company with American Capital Asset Management, the firm's asset
management subsidiary. The two new BDCs will be managed by
American Capital. The company expects the reorganization will
optimize its structure by delineating distinct investment
strategies that will appeal to different investors, by
implementing various revenues and cost initiatives to improve
performance, and by achieving tax efficiency through a retention
of deferred tax assets related to net operating loss
carryforwards. American Capital did not provide an anticipated
timeline for the transaction closing, which is subject to a number
of conditions.

Notwithstanding the uncertain timing of the transaction, which is
underpinned by the complexity of the contemplated structure,
Moody's does not expect significant strategic changes or a
material impact on the company's operations until the
reorganization takes place. The company intends to refinance its
current debt at the time of the reorganization and establish new
credit facilities for the new BDCs.

There is no positive pressure on the ratings given the
contemplated reorganization. Ratings could be downgraded if the
company's credit profile is weakened by substantial asset
divestitures, significant investment write-downs, or increased
leverage. The ratings could also be downgraded if the company
embarks on alternative strategic options in the event that its
current reorganization plans do not come to fruition.


APOLLO MEDICAL: Reaches Settlement Agreement With Raouf Khalil
--------------------------------------------------------------
Apollo Medical Holdings, Inc., entered into a settlement agreement
and mutual release with Raouf Khalil on Oct. 23, 2014, pursuant to
which the Company's obligations with respect to Mr. Khalil under a
stock purchase agreement, dated as of Feb. 15, 2011, were
terminated.  The Stock Purchase Agreement was entered among the
Company, Aligned Healthcare Group, LLC, Aligned Healthcare Group -
California, Inc., Khalil, Jamie McReynolds, M.D., BJ Reese and BJ
Reese & Associates, LLC.

Under the Settlement Agreement, the Company has reconveyed to
Khalil all of the shares of Aligned Healthcare, Inc., common stock
that the Company acquired from Khalil under the Purchase
Agreement.  In addition, in consideration of a $10,000 cash
payment, Khalil has reconveyed to the Company 500,000 shares of
the Company's common stock, constituting all of the shares that
were issued to him under the Purchase Agreement.  Following these
reconveyances, the Company no longer owns any of the outstanding
shares of AHI's capital stock, and neither Khalil nor any of the
other Aligned Affiliates own any shares of the Company's capital
stock.

The Settlement Agreement was entered into by the parties to settle
and resolve any claims, differences or disagreements that may
exist between the Company and Khalil, and the Settlement Agreement
provides for a mutual general release of all claims between the
Company and Khalil.

                        About Apollo Medical

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

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

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


ALLY FINANCIAL: Posts $423 Million Net Income in Q3
---------------------------------------------------
Ally Financial Inc. reported net income of $423 million, or $0.74
per diluted common share, for the third quarter of 2014 compared
to net income of $323 million, or $0.54 per diluted common share,
in the prior quarter, and net income of $91 million, or a loss of
$0.27 per diluted common share, for the third quarter of 2013.

"In the third quarter, Ally's results demonstrated continued
strength and marketplace leadership by its Dealer Financial
Services operation, as well as steady and efficient deposit growth
at Ally Bank," said Chief Executive Officer Michael A. Carpenter.
"We continued to make significant progress on our three-point plan
to improve the core return on tangible common equity and in the
third quarter achieved additional decreases in our cost of funds
and increases in both net interest margin and net financing
revenue.

"Operationally, Ally's businesses have performed well in the
respective sectors.  The auto finance business continued to
broaden its dealer network and new and used originations from
growth channel dealers increased 54 percent year-over-year.  In
addition, Ally Bank's customer-centric philosophy continues to win
considerable accolades, supporting the steady expansion of its
customer base of purposeful savers and increasing retail deposits,
up 12 percent in the past year to $46.7 billion," Carpenter
concluded.

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

                        http://is.gd/JAgiiD

                        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.


ATLANTIC COAST: Posts $453,000 Net Income in Third Quarter
----------------------------------------------------------
Atlantic Coast Financial Corporation reported net income of
$453,000 on $7.11 million of total interest and dividend income
for the three months ended Sept. 30, 2014, compared to a net loss
of $929,000 on $7.01 million of total interest and dividend income
for the same period a year ago.

For the nine months ended Sept. 30, 2014, the Company reported net
income of $884,000 on $20.97 million of total interest and
dividend income compared to a net loss of $4.52 million on $21.93
million of total interest and dividend income for the same period
during the prior year.

The Company's balance sheet at Sept. 30, 2014, showed $713.94
million in total assets, $643.45 million in total liabilities and
$70.48 million in total stockholders' equity.

Commenting on the third quarter and first nine months of 2014,
John K. Stephens, Jr., president and chief executive officer,
said, "We are pleased to report continued momentum in our
business, as reflected by our third consecutive quarterly increase
in earnings per share, as well as sequential growth in quarterly
net income over the past nine months.  We have continued to
implement new strategies and shape a new vision for Atlantic
Coast, as the premier community bank in our market, in order to
capitalize on growth opportunities and improving economic
conditions.  We also have strengthened our team leadership and
have added necessary staff to virtually all areas of Atlantic
Coast, bringing additional experience and capabilities to take
full advantage of the opportunities before us.  These steps have
gained traction, as seen by our steadily increasing net interest
margin and renewed loan growth, coupled with stable credit
quality, all of which we believe will contribute to ongoing growth
and profitability for the Company."

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

                       http://is.gd/ELmfJN

                       About Atlantic Coast

Atlantic Coast Financial Corporation is the holding company for
Atlantic Coast Bank, a federally chartered and insured stock
savings bank.  It is a community-oriented financial institution
serving northeastern Florida and southeastern Georgia markets.
Investors may obtain additional information about Atlantic Coast
Financial Corporation on the Internet at
www.AtlanticCoastBank.net, under Investor Information.

Atlantic Coast reported a net loss of $11.40 million in 2013, a
net loss of $6.66 million in 2012 and a net loss of $10.28
million in 2011.


B/E AEROSPACE: Moody's Lowers Corporate Family Rating to Ba2
------------------------------------------------------------
Moody's Investors Service downgraded B/E Aerospace, Inc.'s ("B/E")
Corporate Family Rating (CFR) to Ba2 from Ba1, and its Probability
of Default Rating to Ba2-PD from Ba1-PD. Concurrently, Moody's
assigned Ba2 ratings to the company's proposed $600 million senior
secured revolving credit facility and $2.2 billion senior secured
term loan. Proceeds from the bank debt syndication will be used to
repay existing borrowings and to capitalize B/E Aerospace
following the separation of its business into two independent
publicly-traded companies. Ratings on the company's existing
indebtedness will be affirmed and withdrawn upon close of the
transaction. The two companies will be comprised of the aircraft
cabin interior business ("B/E Aerospace") and the
consumables/logistics businesses which serve the aerospace and
energy markets ("KLX Inc"). The rating outlook is stable.

Issuer: B/E Aerospace, Inc.

The following ratings were downgraded:

Corporate Family Rating, downgraded to Ba2 from Ba1

Probability of Default Rating, downgraded to Ba2-PD from Ba1-PD

The following ratings were assigned:

$600 million senior secured revolving credit facility due 2019,
assigned Ba2, (LGD-3)

$2,200 million senior secured term loan due 2021, assigned Ba2,
(LGD-3)

The following ratings were affirmed:

$1.4 billion senior secured revolver due 2017, affirmed Baa2,
(LGD-2)

$650 million senior unsecured notes due 2020, affirmed Ba2,
(LGD-4)

$1,300 million senior unsecured notes due 2022, affirmed Ba2,
(LGD-4)

Speculative Grade Liquidity Rating, SGL-1

Outlook actions:

The ratings outlook has been changed to stable from negative.

The assigned ratings are subject to Moody's review of the final
terms and conditions of the proposed transaction.

Ratings Rationale

The Ba2 ratings reflect B/E Aerospace's market leadership position
as one of the world's largest manufacturers of aircraft cabin
interior products, a favorable industry demand profile, and a
significant installed base which supports continued aftermarket
growth. Moody's believe favorable industry fundamentals such as
record OEM backlog, continued growth in airline profitability, and
increased use of wide-body aircraft (resulting in higher content
opportunities) all strongly position B/E for earnings and cash
flow growth over the near-to-intermediate term. Tempering
considerations include the meaningful reduction in B/E's size and
scale following the KLX spin-off, which Moody's estimate will
reduce B/E's stand-alone earnings capacity by about 40%. The
rating also reflects the cyclical nature of the aerospace industry
and B/E's reliance on airline profitability and OEM delivery
rates, both of which are vulnerable to exogenous events.

B/E's competitive position is supported by its leading market
share for major product categories, long-standing customer
relationships and meaningful investments in R&D. Pro forma for the
spin-off, B/E will have a relatively high degree of financial
leverage for the rating category, with anticipated Debt-to-EBITDA
of about 4.2x on a Moody's-adjusted basis. Moody's expect leverage
will moderate over the next 12-18 months, driven by a combination
of continued earnings growth and prepayments of senior debt. Other
credit metrics are expected to be relatively robust, including
EBITDA-to-Interest of about 5.0x, while free cash flow as a % of
debt is anticipated to comfortably exceed 10%. Moody's note the
potential for lower-priced competitors to undercut B/E's product
offering in its commercial and business jet segments, although
Moody's view this threat as being more pronounced over the
intermediate to long-term. Expectations of a relatively robust
dividend program (in-line with peers) and the potential for debt-
funded acquisitions further temper the ratings.

The stable ratings outlook incorporates Moody's expectation that
favorable industry fundamentals such as record OEM delivery rates
and continued airline profitability will drive earnings and cash
flow growth over the near-to-intermediate term. The outlook also
reflects expectations that leverage levels will moderate over the
next 12 to 18 months, driven by a combination of the
aforementioned earnings growth and prepayments of senior debt.

Higher ratings would likely require Debt-to-EBITDA sustained below
3.0 times, Free Cash Flow-to-Debt consistently above 15% and
operating margins remaining near 20%. Evidence of conservative
financial policies and a strong liquidity profile would also be
required for consideration of a potential ratings upgrade.

The ratings or outlook could come under downward pressure if
customer deferrals and/or cancellations were to result in
deteriorating earnings or cash flows. Leverage sustained above
4.5x or a weakening liquidity profile could also pressure the
ratings. Any outsized acquisition or shareholder-friendly
initiatives that meaningfully increase leverage, or an inability
to execute on the backlog with the accelerated OEM production
rates, could also warrant consideration for potential negative
ratings actions.

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

B/E Aerospace, Inc. is the world's largest manufacturer of
commercial and general aviation cabin interior products for
commercial aircraft and business jets. B/E Aerospace's products
include aircraft seats, equipment for food and beverage
preparation and storage, modular lavatories, oxygen delivery
systems, and a range of business jet and general aviation interior
products. Revenues for the twelve months ended December 2014 are
expected to approximate $2.6 billion.


CAESARS ENTERTAINMENT: Continuing Talks First Lien Creditors
------------------------------------------------------------
Caesars Entertainment Corporation and Caesars Entertainment
Operating Company, Inc., a majority owned subsidiary of CEC,
previously announced that they have been engaged in confidential
discussions with certain beneficial holders of CEOC's 11.25%
senior secured notes due 2017, CEOC's 8.5% senior secured notes
due 2020, CEOC's 9% senior secured notes due 2020 and CEOC's
senior secured credit facilities in furtherance of their efforts
to restructure CEOC's debt.

In connection with the discussions, CEC and CEOC provided certain
confidential information to the First Lien Creditors pursuant to
non-disclosure agreements between CEC, CEOC and the First Lien
Creditors.  As of Oct. 29, 2014, one First Lien Creditor has not
agreed to extend its NDA.  CEC and CEOC are making the disclosure
herein in accordance with the terms of that NDA.  While CEC and
CEOC are no longer in discussions with the one First Lien Creditor
who did not extend its NDA, and while no agreement has been
reached yet on the terms of a restructuring, CEC and CEOC are
continuing discussions with the remaining First Lien Creditors all
of whom have extended their NDAs.  While proposals have been
transmitted, and continue to be transmitted, between CEC, CEOC and
the First Lien Creditors, any proposals between the one First Lien
Creditor not extending its NDA and CEC and CEOC contain outdated
and materially different terms and information than proposals now
being considered and accordingly are not disclosed herein.  No
assurances can be made that an agreement may be reached between
CEC, CEOC and the First Lien Creditors on the terms of a
restructuring, the Company disclosed in a regulatory filing with
the U.S. Securities and Exchange Commission.

                    About Caesars Entertainment

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

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

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

                           *     *     *

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

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

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

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


CAESARS ENTERTAINMENT: To Report $980 Million Q3 Net Loss
---------------------------------------------------------
Caesars Entertainment Corporation 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 Sept. 30, 2014.

Caesars Entertainment said it was unable to file, without
unreasonable effort and expense, its Quarterly Report due
primarily to a delay in obtaining and compiling information
necessary for the Company to complete its evaluation and recording
of intangible and long-lived asset impairments the Company's
independent registered public accounting firm has not yet
completed its review of the unaudited consolidated condensed
financial statements included in the Form 10-Q.

The Company has issued a press release regarding its results for
the three and nine months ended Sept. 30, 2014.

Caesars Entertainment reported a net loss of $980.1 million on
$2.21 billion of net revenues for the three months ended Sept. 30,
2014, compared to a net loss of $761.8 million on $2.08 billion of
net revenues for the same period a year ago.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $1.79 billion on $6.38 billion of net revenues
compared to a net loss of $1.18 million on $6.21 billion of net
revenues for the same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed $24.49
billion in total assets, $28.20 billion in total liabilities and a
$3.71 billion total deficit.

"Our third quarter results reflect strength in the interactive
business, stabilizing trends regionally, and generally good
performance in Las Vegas considering an operating income impact of
over $35 million due to unfavorable hold at Caesars Palace," said
Gary Loveman, chairman, chief executive officer and president of
Caesars Entertainment Corporation.  "Moving forward, we see
several dynamics that bode well for our future including signs of
improvement in regional markets given limited supply growth and
greater traction from our investments in hospitality and
entertainment offerings across our network.  We expect progress on
these fronts to yield a positive effect on our business, as we
continue capital structure initiatives intended to reduce leverage
at CEOC."

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

                        http://is.gd/YbMNqo

                     About Caesars Entertainment

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

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

Caesars Entertainment reported a net loss of $2.93 billion in
2013, as compared with a net loss of $1.50 billion in 2012.

                           *     *     *

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

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

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

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


CANANDAIGUA LAND: Court Rules in Suit Against Ontario
-----------------------------------------------------
Canandaigua Land Development, LLC commenced an adversary
proceeding seeking to set aside the transfer of a sizeable parcel
of undeveloped real property to the County of Ontario.  Title to
the parcel was transferred to the County as a result of an in rem
tax foreclosure following Canandaigua's failure to pay real estate
taxes.  Canandaigua claims that the transfer is avoidable as a
constructively fraudulent conveyance under 11 U.S.C. Sec.
548(a)(1)(B).

Bbefore the Court are competing motions for summary judgment by
Canandaigua and the County.  The question presented for
determination is whether an in rem tax foreclosure conducted by
the County -- in full compliance with Article 11 of the New York
Real Property Tax Law -- can be set aside by the trustee as a
constructively fraudulent transfer pursuant to 11 U.S.C. Sec.
548(a)(1)(B).

According to Bankruptcy Judge Paul R. Warren, this precise issue
has not previously been answered by either Division of the
Bankruptcy Court or the District Court for the Western District of
New York.  In a Nov. 5 Decision and Order available at
http://tinyurl.com/kp3jro4from Leagle.com, Judge Warren ruled
that:

     1) Canandaigua's Motion for summary judgment on its First
Cause of Action, on behalf of the Chapter 7 Trustee, on the issue
of liability for a constructively fraudulent transfer under 11
U.S.C. Sec. 548(a)(1)(B), is granted;

     2) Canandaigua's Motion for summary judgment on its Second
Cause of Action, on behalf of the Chapter 7 Trustee, to recover
the Property for the benefit of the Estate, pursuant to 11 U.S.C.
Sec. 550(a), is granted; and

     3) The County's Cross-Motion for summary judgment dismissing
the complaint is denied.

The case is, CANANDAIGUA LAND DEVELOPMENT, LLC, Plaintiff, v.
COUNTY OF ONTARIO, and DALE C. STELL, and JOSEPH E. MAY,
Defendants, Adv. Proc. No. 11-02037-PRW (Bankr. W.D.N.Y.).

Canandaigua Land Development, LLC, filed for Chapter 11 bankruptcy
(Bankr. W.D. N.Y. Case No. 11-20888) on May 4, 2011, listing under
$1 million in both assets and liabilities.  A copy of the petition
is available at http://bankrupt.com/misc/nywb11-20888.pdf On
March 4, 2013, the Court entered an Order Converting the Chapter
11 case to a Chapter 7 case for cause on the motion of the County
of Ontario.  Canandaigua appealed the Court's Order of Conversion,
but subsequently withdrew that appeal.


CHOCTAW GENERATION: Fitch Affirms 'B' Rating on 2031 Lessor Notes
-----------------------------------------------------------------
Fitch affirms Choctaw Generation Limited Partnership, LLLP's
(CGLP) combined $294.9 million of pari passu lessor notes as
follows:

  -- $235.9 million ($231.7 million outstanding) series 1 lessor
     notes due December 2031 at 'B', Outlook Stable;

  -- $59 million ($65 million outstanding) series 2 lessor notes
     due December 2040 at 'B-', Outlook Stable.

Key Rating Drivers

The ratings on CGLP's lessor notes reflect the susceptibility to
underperformance of a facility reliant on ongoing modifications to
improve its operational profile, which exhibits near breakeven
coverage. Series 1 lacks a debt service reserve to support
potential shortfalls in operating cash, which may occur under
rating-case conditions. The series 2 notes face the additional
risk that deferred principal amortization extends repayment beyond
the purchase power agreement (PPA) expiration.

Operations Reliant On Forthcoming Modifications -- Operation Risk:
Weaker

The owner-lessor, a subsidiary of Southern Company (Southern), has
agreed to fund modifications to improve plant performance. The
operator, also a Southern subsidiary, is considered strong but the
facility continues to perform poorly while performing needed
repairs and maintenance and implementing ongoing modifications.

Adequate Mine-mouth Coal Supply -- Supply Risk: Weaker
CGLP's mine-mouth location and a reputable fuel supplier reduce
supply risk. However, early termination or expiration of the
supply agreement in 2032 with potentially less favorable pricing
could lead to inadequate fuel cost recovery.

Revenue Contract with Strong Counterparty -- Series 1 Revenue
Risk: Midrange

CGLP has a PPA with federally owned Tennessee Valley Authority
(rated 'AAA', Stable Outlook by Fitch) for the project's full
capacity and energy output through mid-2032. The series 1 notes
mature four months prior to PPA termination.

Potential for Significant Merchant Exposure -- Series 2 Revenue
Risk: Weaker
Under a variety of sensitivity scenarios, a significant portion of
series 2 debt would remain unpaid prior to PPA expiration. There
is a high level of uncertainty regarding CGLP's ability to operate
economically in a fully merchant environment.

Debt Structure Lacks Typical Support Features -- Debt Structure:
Weaker

Both series lack a dedicated debt service reserve, relying instead
on draws from other project accounts to fund series 1 payment
shortfalls. The ability to defer series 2 target interest and
principal payments introduces the risk of a high outstanding
balance to be repaid after the PPA expires.

Rating Sensitivities

Positive: Successful completion of facility modifications and
stable operations exceeding base-case projections could result in
positive rating action.

Negative: Operating performance below rating-case projections
after completion of facility modifications would erode limited
financial cushion and lead to negative rating action.

Security

The lessor notes are senior ranking and pari-passu. The security
interests are typical of project finance transactions and include
all project revenues and accounts, all project agreements (PPA and
supply agreements), as well as the physical assets of CGLP.

Transaction Summary

Owner-lessor SE Choctaw has made significant progress on the
essential projects and baghouse retrofit that aim to improve
efficiency, reduce long-term O&M costs, and enhance facility
performance. Final installation of major new equipment is
occurring during the fall outage from September through November
2014. Start-up and commissioning during the first quarter of 2015
will begin to establish the new baseline for performance. The cost
of these projects, in aggregate, has remained within budget.
Favorably for CGLP, SE Choctaw is responsible for funding any cost
overruns that could occur during the final stages of
modifications.

Operating performance over the past year remained weak. Overall,
contract availability was 87.3% over the past year through
September compared with expectations in the mid-90%-range.
Completion of facility modifications is expected to improve
reliability and move the operational profile in line with
projections.

Low contract availability resulted in lower-than-expected capacity
revenue and weak financial performance. Debt service payments for
2013 benefited from the receipt of withheld funds at the closing
of the restructuring, but the June 2014 debt service coverage
ratio (DSCR), based only on operational cash flow, fell short of
breakeven at 0.98x. The shortfall was fulfilled with available
cash in the revenue account. Series 2 payments are being deferred
through a mandatory payment-in-kind (PIK) feature through 2017.

Fitch anticipates improved operational performance pending
implementation of the facility modifications and has not altered
the base- and rating-case expectations. However, the lack of any
dedicated debt service reserve fund heightens vulnerability to
further erosion of limited financial cushion before expected
improvements are realized. Furthermore, CGLP is already behind on
the funding schedule for its series 2 retained cash flow account.
Continuing funding shortfalls could reduce the likelihood that
series 2 is able to repay deferred balances by the maturity date.

In December 2002, SE Choctaw purchased the 440MW lignite-fired Red
Hills Generation Facility from CGLP. Immediately following the
acquisition, the owner leased the facility back to CGLP under a
45-year lease, expiring Dec. 20, 2047. Lessor notes were issued in
accordance with the lease, but steady declines in performance
prompted a restructuring of the original lessor notes. The lessor
notes were restructured to reduce interest rates, extend the debt
term, and introduce a PIK feature to series 2 of the notes. As
part of the lease restructuring, the owner-lessor agreed to make
approximately $60 million in equity investments for needed repairs
and maintenance and to implement various modifications to improve
the performance of the facility. The restructuring also included a
new operator and new refined coal purchase agreement. Along with
the lease restructuring, the ownership interest in lessee Choctaw
was sold to two indirect wholly owned subsidiaries of PurEnergy I,
LLC.


COLDWATER CREEK: GlassRatner to Advise Liquidating Trustee
----------------------------------------------------------
GlassRatner Advisory & Capital Group LLC on Nov. 11 disclosed that
it has been selected to advise the Liquidating Trustee in the
Coldwater Creek liquidation.  After representing the Creditors
Committee in the case, GlassRatner has moved into their new
position at the request of Peter Kravitz of Province Advisors, the
Liquidating Trustee.  The GlassRatner team will continue to be led
by Peter Schaeffer, Principal, who has managed many of the firm's
recent retail cases including Ashley Stewart and Crumbs Bakery.

GlassRatner continues to grow its turnaround and bankruptcy
practices with cases almost doubling in the past year.  "Despite
the continuing slowdown in the bankruptcy courts, GlassRatner's
efforts have truly paid off over the past twelve months," stated
Jim Fox who is a Principal in the New York Office and one of the
firms most experienced committee advisors. Schaeffer, who leads
the firm's retail and consumer practice added, "GlassRatner has
become a go-to advisor for struggling consumer companies and we
anticipate this will continue for some time."

GlassRatner is a national firm dedicated to providing financial
advisory services with eight offices throughout the country.

                        About GlassRatner

GlassRatner Advisory & Capital Group LLC is a national specialty
financial advisory services firm providing solutions to complex
business problems and board level agenda items.  The firm applies
a unique mix of skill sets and experience to address matters of
the utmost importance to an enterprise such as managing through a
business crisis or bankruptcy, planning and executing a major
acquisition or divestiture, pursuing a fraud investigation or
corporate litigation, and other top level non-typical business
challenges.  The combination of proven operating and financial
expertise, a hands-on approach and an absolute focus on assignment
execution makes GlassRatner a unique and valuable ally for its
clients and partners.

                      About Coldwater Creek

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

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

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

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

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

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

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

CWC Liquidation Inc., formerly known as Coldwater Creek Inc., et
al., notified the Bankruptcy Court that the effective date of its
Modified Third Amended Joint Plan of Liquidation occurred on Sept.
26, 2014.


CONCORD CAMERA: Voluntarily Delists Securities
----------------------------------------------
Concord Camera Corp. filed a Form 15 with the U.S. Securities and
Exchange Commission to terminate the registration of its common
stock under Section 12(g) of the Securities Exchange Act of 1934.

Concord Camera's board of directors approved the cancellation of
all certificates representing the securities of the Company and
the filing of the Form 15 with the SEC.  As a result, the
Company's securities are no longer outstanding and the former
holders of those securities are no longer Company shareholders.

Within some period of time following the filing of the Form 15,
the identification of a shareholder's ownership interest in the
Company's securities may no longer be reflected in the
shareholder's brokerage accounts.  As previously announced, the
Company intends to use its limited remaining funds to compete the
Plan of Liquidation as soon as practicable.  The final
distribution to shareholders was made in July 2014.

                       About Concord Camera

Headquartered in Hollywood, Florida, Concord Camera Corp.
(NASDAQ:LENS) -- http://www.concord-camera.com/-- through its
subsidiaries, provides easy-to-use 35mm single-use and traditional
film cameras.  Concord markets and sells its cameras on a private-
label basis and under the POLAROID and POLAROID FUNSHOOTER brands
through in-house sales and marketing personnel and independent
sales representatives.  The POLAROID trademark is owned by
Polaroid Corporation and is used by Concord under license from
Polaroid.


CREATIVE OUTDOOR: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Creative Outdoor Distributor USA, Inc.
        2102 -A Alton Pkwy
        Irvine, CA 92606

Case No.: 14-16651

Chapter 11 Petition Date: November 10, 2014

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

Judge: Hon. Erithe A. Smith

Debtor's Counsel: Christopher P Walker, Esq.
                  LAW OFFICE OF CHRISTOPHER P. WALKER, P.C.
                  505 S Villa Real Dr Ste 116
                  Anaheim Hills, CA 92807
                  Tel: 714-639-1990
                  Fax: 714-637-1636
                  Email: cwalker@cpwalkerlaw.com

Total Assets: $1.72 million

Total Liabilities: $1.54 million

The petition was signed by Brian Horowitz, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb14-16651.pdf


CTI BIOPHARMA: To Offer 35,000 Preferred Shares
-----------------------------------------------
CTI BioPharma Corp. filed with the U.S. Securities and Exchange
Commission a free writing prospectus relating to the offering of
35,000 shares of Series 21 Preferred Stock (17.5 million shares of
common stock issuable upon conversion at the initial conversion
price).  Closing of the offering will be on or about Nov. 13,
2014.  The Company expects to receive $35 million gross proceeds
from the offering.

No shares of Series 21 Preferred Stock will be convertible by a
holder to the extent that conversion would result in the holder
and its affiliates beneficially owning more than 9.99% of the
Company's common stock then outstanding.

Piper Jaffray & Co. is acting as sole book-running manager for the
offering, and Ladenburg Thalmann, Roth Capital Partners and Janney
Montgomery Scott are acting as co-managers for this offering.

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

                        http://is.gd/QZKIrY

                        About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

Cell Therapeutics reported a net loss attributable to common
shareholders of $49.64 million in 2013, a net loss attributable to
common shareholders of $115.27 million in 2012 and a net loss
attributable to common shareholders of $121.07 million in 2011.

"We believe that our present financial resources (including the
$17.8 million we received in October 2014 under the Servier
Agreement), together with additional milestone payments projected
to be received under certain of our contractual agreements, our
ability to control costs and expected net contribution from
commercial operations in connection with PIXUVRI, will only be
sufficient to fund our operations into the third quarter of 2015.
This raises substantial doubt about our ability to continue as a
going concern," the Company disclosed in its quarterly report on
Form 10-Q for the period ended Sept. 30, 2014.


DAHL'S FOODS: Files for Chapter 11 to Sell to AWG for $4.8-Mil.
---------------------------------------------------------------
Dahl's Foods, operator of 10 grocery stores in Des Moines, Iowa,
sought bankruptcy protection with a deal to Associated Wholesale
Grocers, Inc., absent higher and better offers.

After good-faith and arm's-length negotiations, the Debtor
executing an Asset Purchase Agreement to sell for $4.8 million all
assets, although the purchase price may be reduced by $1 million
if the real property associated with the store at 5003 EP True
Parkway, West Des Moines, Iowa, is excluded from the sale,, and
$1.3 million if the real property associated with the store
located at 8700 Hickman Road, Clive, Iowa.  The Debtors also own
the property associated with the store located at 1320 E. Euclid
Avenue, Des Moines, Iowa.  The other properties associated with
the other stores are leased.   A copy of the APA is available for
free at:

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

To ensure that it has maximized the value of the assets, the
Debtor has caused AWG to agree that the sale of the assets must be
subject to the proposed auction.  The Debtor is seeking Court
approval of auction and bidding procedures that would provide for
the submission of competing bids, an auction, and final sale
hearing within 60 days.  Given the current economic climate,
Debtor believes it would be imprudent to ignore such an attractive
offer from now when the value of the assets could be adversely
affected or deteriorate in the coming months prior to plan
confirmation

In the event the assets are not sold to AWG, the Debtors have
agreed to pay AWG a cost and expense reimbursement in an amount
$315,000.

In order to do the most efficient job possible in marketing the
assets, the Food Partners was retained by the Debtors to market
the Des Moines facilities.  Food Partners will prepare an
executive summary of the Des Moines facilities and its investment
highlights to be distributed to potential buyers, both strategic
and financial, that will execute non-disclosure agreements.
Further, Food Partners plans to populate a virtual data room
("VDR") to facilitate interested parties due diligence exercises.
Food Partners will also work with interested parties to supplement
diligence investigations and facility tours, as necessary.

                         First Day Motions

Aside from the sale motion, and certain applications to hire
advisors, the Debtors on the Petition Date filed motions to:

   -- jointly administer their Chapter 11 cases;
   -- honor prepetition wages and benefits;
   -- require utilities to continue service;
   -- implement a key employee retention plan; and
   -- obtain secured credit to fund the Chapter 11 cases.

                        About Dahl's Foods

Dahl's Foods owns and operates 10 full-line grocery stores in and
around the Des Moines, Iowa area.  Since the 1970s, Dahl's has
been employee owned pursuant to an ESOP with 97% of the ownership
held by the ESOP.  The remaining 3% is owned by certain past and
present members of management and other former employees.
Individual grocery store square footage ranges from 28,820 to
70,000 and averages 55,188.  Dahl's employs over 950 people.  For
the 52 weeks ended June 28, 2014, Dahl's generated sales of $136.8
million.

Foods, Inc. dba Dahl's Foods, Dahl's Food Mart, Inc., and Dahl's
Holdings I, LLC, sought bankruptcy protection (Bankr. S.D. Iowa
Lead Case No. 14-02689) in Des Moines, Iowa on Nov. 9, 2014.

Foods, Inc., disclosed $44.7 million in assets and $41.1 million
in liabilities in its schedules.

The Debtors have tapped Bradshaw, Fowler, Proctor & Fairgrave,
P.C., as bankruptcy counsel, Crowe & Dunlevy, P.C., as special
reorganization and conflicts counsel, and Foods Partners, LLC as
financial advisor and investment banker.


DAHL'S FOODS: Iowa Grocery Chain Has $41 Million in Debt
--------------------------------------------------------
Foods Inc., doing business as Dahl's Foods, the operator of
10 grocery stores in Des Moines, Iowa, that has sought bankruptcy
protection to sell its assets, filed schedules of assets and
liabilities disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $43,614,500
  B. Personal Property             1,115,236
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $37,105,362
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $329,932
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $3,701,001
                                 -----------      -----------
        TOTAL                    $44,729,736      $41,136,295

According to Schedule D, Associated Wholesale Grocers, Inc., the
proposed buyer of the assets, has a secured claim of $33.4 million
on account of certain lease agreements and a $2.48 million claim
on account of an operating loan.

The Debtor also filed its statement of financial affairs where it
disclosed its gross sales for the past 2 years:

     Period                                  Amount
     ------                                  ------
     Fiscal Year Ended Sept. 28, 2013     $183,222,503
     Fiscal Year Ended Sept. 27, 2014     $158,620,186
     Sept. 28, 2014 ? Nov. 6, 2014         $12,112,131

A copy of the schedules filed with the petition is available for
free at: http://bankrupt.com/misc/Dahls_Petition_SALs.pdf

                        About Dahl's Foods

Dahl's Foods owns and operates 10 full-line grocery stores in and
around the Des Moines, Iowa area.  Since the 1970s, Dahl's has
been employee owned pursuant to an ESOP with 97% of the ownership
held by the ESOP.  The remaining 3% is owned by certain past and
present members of management and other former employees.
Individual grocery store square footage ranges from 28,820 to
70,000 and averages 55,188.  Dahl's employs over 950 people.  For
the 52 weeks ended June 28, 2014, Dahl's generated sales of $136.8
million.

Foods, Inc. dba Dahl's Foods, Dahl's Food Mart, Inc., and Dahl's
Holdings I, LLC, sought bankruptcy protection (Bankr. S.D. Iowa
Lead Case No. 14-02689) in Des Moines, Iowa on Nov. 9, 2014, with
a deal to sell to Associated Wholesale Grocers Inc. for
$4.8 million.

The Debtors have tapped Bradshaw, Fowler, Proctor & Fairgrave,
P.C., as bankruptcy counsel, Crowe & Dunlevy, P.C., as special
reorganization and conflicts counsel, and Foods Partners, LLC as
financial advisor and investment banker.


DAHL'S FOODS: Proposes $255,000 in Bonuses to Keep Employees
------------------------------------------------------------
Foods, Inc. dba Dahl's Foods, seeks approval from the Bankruptcy
Court to implement a key employee retention plan while it is
conducting a sale process for its assets.

Recognizing the negative impact to the value of the  business if
certain non-management members of the Debtor's business were to
resign prior to the close of the proposed sale, the Debtor's
management team determined that the implementation of a retention
program for the Key Employees was in the best interests of the
Debtor's estate and all parties in interest.

The Debtor's management team and its advisors engaged in
discussions with Associated Wholesale Grocers Inc. (the stalking
horse bidder) regarding the implementation of the KERP. Pursuant
to these plans, the Debtor would agree to make available an
aggregate amount of $255,402 for bonus payments to the Key
employees, provided, however, each key employee would only receive
a bonus payment under the KERP if that employee continued working
through the close of the proposed sale.

A total of 259 key employees are eligible to receive a bonus
payment under the KERP.  Of those employees, 257 are not
"insiders," as that term is defined in Section 101(31) of the
Bankruptcy Code.  Two of the key employees, Kenneth Kane and David
Wilson, are considered "insiders" of the Debtor because they are
members of the Board.

                        About Dahl's Foods

Dahl's Foods owns and operates 10 full-line grocery stores in and
around the Des Moines, Iowa area.  Since the 1970s, Dahl's has
been employee owned pursuant to an ESOP with 97% of the ownership
held by the ESOP.  The remaining 3% is owned by certain past and
present members of management and other former employees.
Individual grocery store square footage ranges from 28,820 to
70,000 and averages 55,188.  Dahl's employs over 950 people.  For
the 52 weeks ended June 28, 2014, Dahl's generated sales of $136.8
million.

Foods, Inc. dba Dahl's Foods, Dahl's Food Mart, Inc., and Dahl's
Holdings I, LLC, sought bankruptcy protection (Bankr. S.D. Iowa
Lead Case No. 14-02689) in Des Moines, Iowa on Nov. 9, 2014, with
a deal to sell to Associated Wholesale Grocers Inc. for
$4.8 million.

Foods, Inc., disclosed $44.7 million in assets and $41.1 million
in liabilities in its schedules.

The Debtors have tapped Bradshaw, Fowler, Proctor & Fairgrave,
P.C., as bankruptcy counsel, Crowe & Dunlevy, P.C., as special
reorganization and conflicts counsel, and Foods Partners, LLC as
financial advisor and investment banker.


DENDREON CORP: Files for Ch. 11 with Dual-Track Plan Deal
---------------------------------------------------------
Dendreon Corporation has reached agreements on the terms of a
financial restructuring with certain holders of the Company's
2.875% Convertible Senior Notes due 2016 representing
approximately 84% of the $620 million aggregate principal amount
of the 2016 Notes.  Under the terms of the agreements, the
financial restructuring may take the form of a stand-alone
recapitalization or a sale of the Company or its assets.  The
transactions under the agreements will enable continued delivery
of PROVENGE (sipuleucel-T) without disruption or impact to access
for providers and appropriate patients in need of this
revolutionary personalized immunotherapy treatment.

To implement the financial restructuring contemplated under the
agreements with the relevant Senior Noteholders, Dendreon and its
U.S. subsidiaries filed voluntary petitions under Chapter 11 of
the Bankruptcy Code in the U.S. Bankruptcy Court for the District
of Delaware on Nov. 10, 2014.

"Whether the restructuring takes the form of a stand-alone
recapitalization or a sale of the Company or its assets, we are
confident that this process will allow PROVENGE to remain
commercially available to the patients and providers who have come
to rely on this revolutionary personalized cancer immunotherapy,"
said W. Thomas Amick, president and chief executive officer of
Dendreon.  "We are pleased to have the support of a substantial
majority of our Senior Noteholders through this restructuring and
sale process.  We thank our employees for their continued hard
work and dedication and for their commitment to help deliver
PROVENGE to patients who are in need of immunotherapy."

Under the terms of the restructuring support agreements, the
Senior Noteholders will support a plan of reorganization to
convert all 2016 Notes to common equity of the reorganized
Dendreon.  The agreements further provide for Dendreon to conduct
a court-supervised sale process, pursuant to Section 363 of the
Bankruptcy Code or through a plan of reorganization, for all or
substantially all of its assets to a party that would continue
producing and providing PROVENGE.  Qualified bids under the terms
of the proposed bidding procedures will have to meet certain
criteria and provide value of not less than $275 million.  If more
than one qualified bid is received, an auction will be held to
determine the successful bidder with the highest or otherwise best
bid, following which the Company will seek to consummate that
transaction.  If no qualified bids are received, Dendreon will
proceed to confirmation of the stand-alone plan.

Dendreon has significant liquidity to support all of its
operations during the restructuring process, with approximately
$100 million of cash, cash equivalents and investments on hand as
of Nov. 7, 2014, and does not anticipate the need to raise any
incremental financing in connection with the restructuring
process.

During the restructuring process, the Company will continue to
operate in the ordinary course, including continuing to service
distributors and wholesalers to ensure timely fulfillment of
orders and shipments and to meet other obligations to physicians
and patients who depend on PROVENGE.  In addition, Dendreon has
requested Court approval of the proposed bidding procedures and a
series of customary motions allowing it to honor employee
obligations, including wages, salaries and health benefits without
interruption, as well as to continue customer programs and patient
assistance programs.

The Company expects to file an 8-K with the Securities and
Exchange Commission that will include the restructuring support
agreements.  Court documents and additional information are
available through Dendreon's claims agent, Prime Clerk LLC,
at https://cases.primeclerk.com/dendreon or 844-794-3479.

Sarah E. Pierce, Esq., Kenneth S. Ziman, Esq., Raquelle L. Kaye,
Esq., and Felicia Gerber Perlman, Esq., at Skadden, Arps, Slate,
Meagher & Flom LLP, are serving as the Company's legal advisors.
Alan D. Holtz, Esq., at AlixPartners, is serving as financial
advisor, and Lazard Freres & Co. LLC is serving as investment
bank.

The Company said in a Form 10-Q, which filed on Monday that its
bankruptcy proceedings are likely to result in cancellation of its
shares.  John Seward at at Benzinga reports that the Company said
it asked the Bankruptcy Court to limit trading of Dendreon stock
during the proceedings.  Trading is "highly speculative," Benzinga
relates, citing the Company.

                            About Dendreon

Headquartered in Seattle, Washington, Dendreon Corporation --
http://www.dendreon.com/-- is a biotechnology company whose
mission is to target cancer and transform lives through the
discovery, development, commercialization and manufacturing of
novel therapeutics.  The Company applies its expertise in antigen
identification, engineering and cell processing to produce active
cellular immunotherapy (ACI) product candidates designed to
stimulate an immune response in a variety of tumor types.
Dendreon's first product, PROVENGE (sipuleucel-T), was approved by
the U.S. Food and Drug Administration (FDA) in April 2010.
Dendreon is exploring the application of additional ACI product
candidates and small molecules for the potential treatment of a
variety of cancers.  Dendreon is traded on the NASDAQ Global
Market under the symbol DNDN.

Dendreon (Bankr. D. Del. Case No. 14-12515) and its affiliates
Dendreon Holdings, LLC (Bankr. D. Del. Case No. 14-12516),
Dendreon Distribution, LLC (Bankr. D. Del. Case No. 14-12517) and
Dendreon Manufacturing, LLC (Bankr. D. Del. Case No. 14-12518)
filed for Chapter 11 bankruptcy protection on Nov. 10, 2014.  The
petitions were signed by Gregory R. Cox, interim chief
finanical officer and treasurer.

The Debtors disclosed $364.6 million in total assets and $664.4
million in total liabilities.

Judge Peter J. Walsh presides over the cases.


DETROIT, MI: Pension Risk Still Intact Despite Ch. 9 Emergence
--------------------------------------------------------------
Mary Williams Walsh, writing for The New York Times' DealBook,
reported that U.S. Bankruptcy Judge Steven Rhodes, despite
approving the plan of debt adjustment for Detroit, raised concerns
for the city's risks relating to pension funding.

According to the report, contributions to the pension system will
not be nearly enough to cover the payouts to the city's 32,000
current and future retirees whose pensions are worth more than
$500 million a year.  Success of Detroit's pension system depends
on strong, consistent investment returns, averaging at least 6.75
percent a year for the next 10 years, the DealBook said.

                 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.


DOLAN COMPANY: Has Until Feb 16 to File Notices to Remove Actions
-----------------------------------------------------------------
U.S. Bankruptcy Judge Brendan Shannon has given The Dolan Company,
et al., until Feb. 16, 2015, to file notices of removal of
lawsuits involving the company and its affiliated debtors.

                      About The Dolan Company

Minneapolis, Minn.-based The Dolan Company (OTC:DOLN) and its
subsidiaries provide professional services and business
information to the legal, financial and real estate sectors.

The Dolan Company and several affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Case Nos. 14-10614 to
14-10637) on March 23, 2014.  The Company has said it expects to
emerge from bankruptcy within two months.

Judge Brendan L. Shannon oversees the cases.  Marc Kieselstein,
P.C., Jeffrey D. Pawlitz, Esq., and Joseph M. Graham, Esq., at
Kirkland & Ellis LLP, serve as the Debtors' counsel.  Timothy P.
Cairns, Esq., Laura Davis Jones, Esq., and Michael Seidl, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.

Kevin Nystrom serves as the Company's chief restructuring officer.
Faegre Baker Daniels LLP serves as the Debtors' special counsel;
Peter J. Solomon Company serves as financial advisors; and
Kurtzman Carson Consultants, LLC, serves s noticing and balloting
agent.  Deloitte Tax LLP serves as tax advisors.  Zolfo Cooper LLC
also serves as advisors.

Dolan listed $236.2 million in total assets and $185.9 million in
total debts at Sept. 30, 2013.  The petitions were signed by Vicki
J. Duncomb, authorized signatory.

Global investment management firm T. Rowe Price Associates, Inc.,
owns nearly 10% of the company's stock, while James Dolan owns
6.8%.

Dolan's e-discovery business, DiscoverReady LLC, did not file a
chapter 11 petition and its operations will not be affected by the
chapter 11 process.

On March 18, 2014, Dolan and its lenders and certain of its swap
counterparties executed a restructuring support agreement that
sets forth the material terms of the chapter 11 restructuring and
secures the support of the secured creditors for that process. In
accordance with the RSA, the Company commenced solicitation for
votes on the chapter 11 plan from secured creditors, the only
parties entitled to vote under the plan of reorganization.

The chapter 11 plan contemplates that the secured lenders will
become the owner of DiscoverReady and The Dolan Company upon the
completion of the restructuring process and each business will be
operated as separate and distinct entities.  Investment funds
managed by Bayside Capital, Inc. will become the majority owner of
DiscoverReady and The Dolan Company.  Bayside Capital is an
affiliate of H.I.G. Capital, a global private investment firm with
more than $15 billion of equity capital under management.

The chapter 11 plan process will allow the filing subsidiaries of
the Company to deleverage its capital structure by reducing its
projected secured debt obligations from approximately $170 million
to approximately $50 million.  The RSA also secures support from
the lenders to refinance DiscoverReady's capital structure with a
$10 million unfunded secured revolving facility.  The existing
preferred and common shares will be cancelled and will not receive
a recovery in the chapter 11 plan.  After emergence from
bankruptcy, both The Dolan Company and DiscoverReady LLC will be
privately held companies.

The lenders are to provide a $10 million DIP loan to fund the cash
needs of the Company and DiscoverReady through the reorganization
process.

Bayside Capital is represented in the case by Akin Gump Strauss
Hauer & Feld LLP's Michael S. Stamer, Esq., and Sarah Link
Schultz, Esq.

An Official Committee of Equity Security Holders is represented by
Neil B. Glassman, Esq., GianClaudio Finizio, Esq., and Justin R.
Alberto, Esq., at Bayard, P.A., in Wilmington, Delaware; Robert J.
Stark, Esq., at Brown Rudnick LLP, in New York; and Steven B.
Levine, Esq., at Brown Rudnick LLP, in Boston, Massachusetts.

The Debtors have filed a request to disband the Equity Committee,
given the "hopeless insolvency" of their estates.

Dolan Company and its subsidiaries on June 12 disclosed that
they have emerged from chapter 11 only 81 days after voluntarily
filing for bankruptcy protection.  As previously announced, the
United States Bankruptcy Court for the District of Delaware
confirmed the Company's plan of reorganization on June 9, 2014.


EVERYWARE GLOBAL: Registers 23.3 Million Shares for Resale
----------------------------------------------------------
EveryWare Global, Inc., registered with the U.S. Securities and
Exchange Commission 23,382,483 shares of common stock to be sold
by Monomoy Funds, Clinton Group, Inc., AQR Capital Management,
LLC, et al.

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 our
common stock on Oct. 28, 2014, was $1.60 per share.

A copy of the Form S-1 registration statement is available at:

                        http://is.gd/DWphog

The Company separately filed with the SEC a Form S-1 registration
statement relating to the issuance of up to 5,838,334 shares of
its common stock, par value $0.0001 per share, upon the exercise
of warrants that were issued by ROI Acquisition Corp., a Delaware
corporation, now known as EveryWare Global.

The warrants became exercisable on June 20, 2013, which was 30
days after the completion of the transactions contemplated by the
Business Combination.  The warrants will expire at 5:00 p.m., New
York time, May 21, 2018, or earlier upon redemption or
liquidation.

Each warrant entitles its holder to purchase one-half of a share
of common stock at an exercise price of $6.00 per one-half share.

The Company will receive the proceeds from the exercise of the
warrants, but not from the sale of the underlying shares of common
stock.

The Company may redeem the outstanding warrants at a price of
$0.01 per warrant, if the last sale price of the common stock
equals or exceeds $18.00 per share for any 20 trading days within
a 30 trading day period.

The Company's common stock is traded on The NASDAQ Stock Market
under the symbol "EVRY."  The warrants are traded on The OTC
Market under the symbol "EVRYW."  On Oct. 28, 2014, the last
reported sale price of the common stock on The NASDAQ Stock Market
was $1.60 per share, and the last reported sale price of the
warrants on The OTC Market was $0.075 per share.

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

                        http://is.gd/LCvwuG

The Company also amended its Form S-1 registration statement
relating to the sale by certain selling stockholders of up to
2,567,173 shares of the Company's 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.

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

                         http://is.gd/Suf64i

                           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.


FIRST DATA: Reports $235 Million Third Quarter Net Loss
-------------------------------------------------------
First Data Corporation reported a net loss attributable to the
Company of $234.6 million on $2.79 billion of revenues for the
three months ended Sept. 30, 2014, compared to a net loss
attributable to the Company of $219.5 million on $2.71 billion of
revenues for the same period in 2013.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss attributable to the Company of $469.6 million on $8.26
billion of revenues compared to a net loss attributable to the
Company of $746 million on $8.01 billion of revenues for the same
period a year ago.

The Company's balance sheet at Sept. 30, 2014, showed $33.98
billion in total assets, $30.84 billion in total liabilities,
$69.7 million in redeemable noncontrolling interest and $3.07
billion in total equity.

"Our results this quarter demonstrate how we are developing
innovative products and solutions, collaborating with global
brands and strengthening our balance sheet, all while continuing
to grow our business," said Chairman and CEO Frank Bisignano.

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

                        http://is.gd/mDKujK

                          About First Data

Based in Atlanta, Georgia, First Data Corporation provides
commerce and payment solutions for financial institutions,
merchants, and other organizations worldwide.

First Data reported a net loss attributable to the Company of
$869.1 million in 2013, a net loss attributable to the Company of
$700.9 million in 2012 and a net loss attributable to the Company
of $516.1 million in 2011.

                           *     *     *

The Company carries a 'B3' corporate family rating, with a
stable outlook, from Moody's Investors Service, a 'B' corporate
credit rating, with stable outlook, from Standard & Poor's, and
a 'B' long-term issuer default rating from Fitch Ratings.


FLUX POWER: Director Resigns for Personal Reasons
-------------------------------------------------
Flux Power Holdings, Inc., accepted Mr. James Gevarges'
resignation from the board of directors of the Company effective
Oct. 24, 2014, according to a regulatory filing with the U.S.
Securities and Exchange Commission.

His resignation was not the result of any disagreements with the
Company on any matters relating to the Company's operations,
policies or practices.  Mr. Gevarges indicated that he resigned
for personal reasons.

                          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.


FOUNDATION HEALTHCARE: Posts $154,000 Net Income in 3rd Quarter
---------------------------------------------------------------
Foundation Healthcare, Inc., reported net income of attributable
to the Company common stock of $154,163 on $27.42 million of
revenues for the three months ended Sept. 30, 2014, compared to a
net loss attributable to the Company common stock of $16.61
million on $23.55 million of revenues for the same period in 2013.

For the nine months ended Sept. 30, 2014, the Company a net loss
attributable to the Company common stock of $3.24 million on
$71.13 million of revenues compared to a net loss attributable to
the Company common stock of $16.59 million on $62.63 million of
revenues for the same  period a year ago.

As of Sept. 30, 2014, the Company had $55.24 million in total
assets, $65.01 million in total liabilities, $8.70 million in
preferred noncontrolling interest, and a $18.47 million total
deficit.

"This was a very good quarter for Foundation Healthcare as we
recorded a 15% increase in revenue at our majority owned hospitals
compared to the third quarter of 2013; with a corresponding 22%
growth in EBITDA at these hospitals," stated Stanton Nelson, CEO
of Foundation Healthcare, Inc.  "In an industry faced with many
challenges, we believe these results validate the growth strategy
and fiscal discipline implemented at Foundation within the last 18
months.  In addition, I continue to be very pleased with the job
our clinical teams are doing as we again produced outstanding
clinical results at our hospitals.  Patient care is always our
number one priority and with our patient satisfaction results
again exceeding 95%, our clinical teams should be commended."

"Looking forward, the fourth quarter is typically one of the best
quarters of the year for Foundation, and given the third quarter
results, we are optimistic about the continued growth in revenue
and EBITDA at our majority-owned facilities," noted Mr. Nelson.

As of Sept. 30, 2014, cash and cash equivalents totaled $3.6
million, compared to $1.9 million at June 30, 2014.

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

                        http://is.gd/WyvQWJ

                     About Foundation Healthcare

Oklahoma-based Foundation Healthcare is a healthcare services
company primarily focused on owning controlling interests in
surgical hospitals and the inclusion of ancillary service lines.
The Company currently owns controlling and noncontrolling
interests in surgical hospitals located in Texas.  The Company
also owns noncontrolling interests in ambulatory surgery centers
("ASCs") located in Texas, Oklahoma, Pennsylvania, New Jersey,
Maryland and Ohio.

Additionally, the Company provides sleep testing management
services to various rural hospitals in Iowa, Minnesota, Missouri,
Nebraska and South Dakota under management contracts with the
hospitals.  The Company provides management services to a majority
of its Affiliates under the terms of various management
agreements.  Prior to Dec. 2, 2013, the Company's name was
Graymark Healthcare, Inc.

Foundation Healthcare reported a net loss attributable to
Foundation Healthcare common stock of $20.42 million on $93.14
million of revenues for the year ended Dec. 31, 2013, as compared
with net income attributable to Foundation Healthcare common stock
of $2.45 million on $52.97 million of revenues in 2012.

Hein & Associates LLP, in Denver, Colorado, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company had insufficient working capital as of Dec. 31,
2013, to fund anticipated working capital needs over the next
twelve months.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


FRED FULLER OIL: Files Bare-Bones Chapter 11 Petition
-----------------------------------------------------
Fred Fuller Oil & Propane Co., Inc., sought Chapter 11 protection
(Bankr. D. N.H. Case No. 14-12188) in Manchester, New Hampshire,
on Nov. 10, 2014, without stating a reason.

Hillsborough, NH-based Fred Fuller estimated $10 million to
$50 million in assets and debt.

According to the docket, the Debtor's schedules of assets and
liabilities and statement of financial affairs are due Nov. 24,
2014.

The Debtor's Chapter 11 plan and disclosure statement are due
March 10, 2015.

William S. Gannon, Esq., at William S. Gannon PLLC, in Manchester,
serves as counsel to the Debtor.

Fredrick J. Fuller, the president, signed the bankruptcy petition.


FRED FULLER OIL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Fred Fuller Oil & Propane Co., Inc.
        12 Tracy Lane
        Hudson, NH 03051

Case No.: 14-12188

Chapter 11 Petition Date: November 10, 2014

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

Debtor's Counsel: William S. Gannon, Esq.
                  WILLIAM S. GANNON PLLC
                  889 Elm Street, 4th Floor
                  Manchester, NH 03101
                  Tel: (603) 621-0833
                  Fax: (603) 621-0830
                  Email: bgannon@gannonlawfirm.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Fredrick J. Fuller, president.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Certain Creditors                                     $7,623,461
Omitted Pending Court Order

Attorneys At Law LLC                                     $85,755

Blue Cow                                                 $19,600

City of Laconia-Tax Collector                            $16,065

Dawn Coppola                                             $71,876

Dufresne & Lekas LLC                                     $21,414

Energy Kinetics Inc                                     $130,550

Eprint Inc                                               $16,495

Fred Fuller                                             $159,922

Harvard Pilgrim Health Care Inc                         $276,179

J A Marino Automatic Heating Supply                      $26,772

National Interstate Insurance                           $107,184

Sanel Auto Parts Co.                                     $19,308

Sprague Energy                                        $4,701,288
Box 847887
Boston, MA 02284-7887

Sullivan Tire Companies                                  $19,616

Tarantin Tank & Equipment Co                             $45,469

The Granite Group                                        $61,012

Town of Hudson-Tax Collector                             $38,625

Town of Milford-Taxes                                    $26,568

Town of Northfield-Taxes                                 $12,603


GARY DOURDAN: Files for Chapter 11 Bankruptcy for 2nd Time
----------------------------------------------------------
Deron Dalton, writing for Eurweb.com, reports that former "CSI"
actor Gary Dourdan has filed for Chapter 11 bankruptcy protectin
for the second time.

As reported by the Troubled Company Reporter on Nov. 15, 2012, Mr.
Dourdan filed for Chapter 11 bankruptcy on Aug. 30, 2012, with
slightly more than $1.8 million in assets against liabilities of
approximately $1.73 million.

According to Eurweb.com, Mr. Dourdan didn't complete the
bankruptcy, therefore, he didn't have his debt discharged.  Mr.
Dourdan said in court documents that he expected to get more
acting roles in order to pay off his debt.

Eurweb.com says that Mr. Dourdan filed for bankruptcy again in
September 2014, claiming to have $988,000 in assets, which include
$1,000 a piece in household items, a watch and clothing.  The
report states that Mr. Dourdan's LLC is worth nothing while having
$20 on hand and $1,000 saved in the bank.

Eurweb.com relates that Mr. Dourdan disclosing $1.5 million in
debt.  The report says that Mr. Dourdan owes:

      (i) $949,000 on his L.A home mortgage;
     (ii) $200,000 in back taxes;
    (iii) $1,400 to American Express;
     (iv) $626 to Time Warner;
      (v) $130 for a traffic ticket;
     (vi) $4,368 in fees as a result of criminal probation; and
    (vii) $2,000 a piece to a Marina Del Rey hospital and storage
          unit as well.

Mr. Dourdan makes about $11,500 a month, but spends about $11,302
a month, Eurweb.com reports.


GEOMET INC: Stockholders Elected Three Directors
------------------------------------------------
GeoMet, Inc., held its annual meeting of stockholders Nov. 6,
2014, at which the stockholders elected James C. Crain, Stanley L.
Graves, and Michael Y. McGovern to the Board of Directors to serve
until their successors are duly elected or until their earlier
death, resignation, or removal.

The stockholders also approved, on an advisory basis, the
compensation of the Company's named executive officers.

                         About Geomet Inc.

Houston, Texas-based GeoMet, Inc., is an independent energy
company primarily engaged in the exploration for and development
and production of natural gas from coal seams (coalbed methane)
and non-conventional shallow gas.  Its principal operations and
producing properties are located in the Cahaba and Black Warrior
Basins in Alabama and the central Appalachian Basin in Virginia
and West Virginia.  It also owns additional coalbed methane and
oil and gas development rights, principally in Alabama, Virginia,
West Virginia, and British Columbia.  As of March 31, 2012, it
owns a total of 192,000 net acres of coalbed methane and oil and
gas development rights.

As of June 30, 2014, the Company had $27.95 million in total
assets, $3.96 million in total liabilities and $45.90 million in
series A convertible redeemable preferred stock and a $21.92
million total stockholders' deficit.

Hein & Associates 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 suffered recurring losses from operations and has a
net working capital deficiency that raise substantial doubt about
the Company's ability to continue as a going concern.


GENERAL MOTORS: Ignition Switch Death Toll Grows to 32 People
-------------------------------------------------------------
Jeff Bennett, writing for The Wall Street Journal, reported that
the General Motors Co. compensation fund increased the official
ignition switch death toll to 32 people and increased the number
of seriously injured to 35.  According to the report, a total of
1,851 death and injury claims have been filed as of Nov. 7.

                     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.

On Oct. 21, 2014, the TCR reported that Fitch Ratings has assigned
a rating of 'BB+' to GM's amended unsecured credit facilities.
Fitch currently rates GM's Issuer Default Rating (IDR) 'BB+'.  The
Rating Outlook is Positive.  Fitch has also affirmed and withdrawn
the 'BB+' IDR of GM's General Motors Holdings LLC (GM Holdings)
subsidiary, as there is no longer any rated debt at the
subsidiary, and Fitch does not expect the subsidiary to be an
active issuer going forward.  Fitch has also withdrawn GM
Holdings' unsecured credit facility rating of 'BB+' as the
subsidiary is no longer a borrower on the facilities.

The TCR, on Nov. 6, 2014, reported that Fitch Ratings has assigned
a rating of 'BB+' to GM's proposed issuance of senior unsecured
notes.  The existing Issuer Default Rating (IDR) for GM is 'BB+'
and the Rating Outlook is Positive.

                     About Saab Automobile

Saab Automobile AB is a Swedish car manufacturer owned by Dutch
automobile manufacturer Swedish Automobile NV, formerly Spyker
Cars NV.  Saab halted production in March 2011 when it ran out of
cash to pay its component providers.  On Dec. 19, 2011, Saab
Automobile AB, Saab Automobile Tools AB and Saab Powertain AB
filed for bankruptcy after running out of cash.

Some of Saab's assets were sold to National Electric Vehicle
Sweden AB, a Chinese-Japanese backed start-up that plans to make
an electric car using Saab Automobile's former factory, tools and
designs.

On Jan. 30, 2012, more than 40 U.S.-based Saab dealerships filed
an involuntary Chapter 11 petition for Saab Cars North America,
Inc. (Bankr. D. Del. Case No. 12-10344).  The petitioners,
represented by Wilk Auslander LLP, assert claims totaling US$1.2
million on account of "unpaid warranty and incentive
reimbursement and related obligations" or "parts and warranty
reimbursement."  Leonard A. Bellavia, Esq., at Bellavia Gentile &
Associates, in New York, signed the Chapter 11 petition on behalf
of the dealers.

The dealers want the vehicle inventory and the parts business to
be sold, free of liens from Ally Financial Inc. and Caterpillar
Inc., and "to have an appropriate forum to address the claims of
the dealers," Leonard A. Bellavia said in an e-mail to Bloomberg
News.

Saab Cars N.A. is the U.S. sales and distribution unit of Swedish
car maker Saab Automobile AB.  Saab Cars N.A. named in December
an outside administrator, McTevia & Associates, to run the
company as part of a plan to avoid immediate liquidation
following its parent company's bankruptcy filing.

On Feb. 24, 2012, the Court granted Saab Cars NA relief under
Chapter 11 of the Bankruptcy Code.

Donlin, Recano & Company, Inc., was retained as claims and
noticing agent to Saab Cars NA in the Chapter 11 case.

On March 9, 2012, the U.S. Trustee formed an official Committee
of Unsecured Creditors and appointed these members: Peter Mueller
Inc., IFS Vehicle Distributors, Countryside Volkwagen, Saab of
North Olmstead, Saab of Bedford, Whitcomb Motors Inc., and
Delaware Motor Sales, Inc.  The Committee tapped Wilk Auslander
LLP as general bankruptcy counsel, and Polsinelli Shughart as its
Delaware counsel.

The Troubled Company Reporter, on July 18, 2013, reported that the
U.S. arm of Saab Automobile AB won approval of its Chapter 11
liquidation plan, marking the end of the road for Swedish auto
maker's bankruptcy proceedings.


GLYECO INC: Stockholders Elected 7 Directors
--------------------------------------------
GlyEco, Inc., held its 2014 annual meeting of stockholders on
Oct. 24, 2014, in Phoenix, AZ, at which the stockholders
elected John Lorenz, Michael Jaap, Richard Q. Opler, Keri Smith,
Dwight Mamanteo, David Ide, and Melvin L. Keating as directors of
the Company to serve for a one-year term or until their successors
have been elected and qualified.

The stockholders ratified the appointment of Semple, Marchal &
Cooper, LLP, as the Company's independent registered public
accounting firm for the fiscal year ending Dec. 31, 2014.

                          About GlyEco, Inc.

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

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

The Company's balance sheet at June 30, 2014, showed $15.56
million in total assets, $2.92 million in total liabilities and
$12.64 million in total stockholders' equity.

Semple, Marchal & Cooper, LLP, in Phoenix, Arizona, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has yet to achieve profitable
operations and is dependent on its ability to raise capital from
stockholders or other sources to sustain operations and to
ultimately achieve viable profitable operations.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.


GREAT LAKES SPECIALTY: First Creditors' Meeting Set for Nov. 18
---------------------------------------------------------------
The first meeting of creditors of Great Lakes Specialty Meats
of Canada Inc. will be held on Nov. 18, 2014, at 10:00 a.m., at
the Arden Park Hotel, 552 Ontario Street, Room Kroehler D in
Stratford, Ontario.  Creditors must file proofs of claim with
PricewaterhouseCoopers Inc., the appointed trustee of the
Company's estates, to be entitled to vote at the meeting.  Proofs
of claim must be submitted to:

  PricewaterhouseCoopers Inc.
  c/o Ms. Sara de Verenuil
  PwC Tower, 18 Street, Suite 2600
  Toronto, Ontario M5J 0B2
  Tel: (416) 815-5080
  Tax: (416) 814-3219
  Email: cmt_processing@ca.pwc.com

A full-text copy of the proof of claim form is available for free
at http://is.gd/6jZ8PY

Great Lakes Specialty Meats of Canada Inc. filed for bankruptcy in
Canada on Oct. 29, 2014.


GREEN BRICK: David Einhorn Reports 49.9% Equity Stake
-----------------------------------------------------
David Einhorn and his affiliates disclosed that as of Oct. 27,
2014, they beneficially owned 15,650,727 shares of common stock of
Green Brick Partners, Inc., representing 49.9 percent of the
shares oustanding.  Greenlight Capital, Inc., beneficially owned
11,149,501 common shares as of that date.

The Company closed its previously disclosed Rights Offering on
Oct. 27, 2014.  As previously agreed, Greenlight participated for
its full pro rata share of the Rights Offering based on its
holding of Common Stock and LLC Units.  Greenlight's purchase of
Common Stock in the Rights Offering was funded through working
capital.

Also on October 27, 2014, Greenlight Capital, L.P.,  Greenlight
Capital Qualified, L.P., and Greenlight Capital (Gold), LP,
exchanged all of their LLC Units and shares of Class B Common
Stock for shares of Common Stock.

In addition, on Oct. 27, 2014, pursuant to the previously
disclosed definitive transaction agreement, dated June 10, 2014,
among the Company, Greenlight and James Brickman, the Company
purchased JBGL Builder Finance LLC and certain subsidiaries of
JBGL Capital, LP.  In connection with that transaction, the
Company paid Greenlight $188,319,766 in cash and issued to
Greenlight the shares of Common Stock.  Effective upon the closing
of such transaction, Mr. Einhorn became Chairman of the Company's
Board of Directors.

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

                        http://is.gd/U6QJlO

                         About Green Brick

Denver, Colo.-based BioFuel Energy Corp., now known as Green Brick
Partners, Inc., is an ethanol producer in the United States.

In October 2014, Biofuel Energy had completed the acquisition of
the equity interests of JBGL Builder Finance LLC and certain
subsidiaries of JBGL Capital, LP, from Greenlight Capital and
James Brickman.  In relation to the acquisition, the Company
changed its name to Green Brick Partners, Inc.

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 Sept. 30, 2014, the Company had
$8.83 million in total assets, $2.07 million in total liabilities,
all current, and $6.75 million in total equity.


GT ADVANCED: Apple Denies "Bully" Allegations
---------------------------------------------
David Curry at China Topix reports that Apple Inc. CEO Tim Cook
has called GT Advanced Technologies Inc.'s "bully" allegations as
"gratuitous, false, and wholly irrelevant."

Apple, China Topix states, claims that GT Advanced is trying to
"portray Apple as a coercive bully."

According to China Topix, GT Advanced accuses Apple of forcing its
hand and acted like "a bully" in their agreement.  China Topix
relates that Apple reportedly coerced GT Advanced to accept the
agreement before pushing the company to change the process of
creation, without changing the payment structure, which, GT
Advanced claims, made the agreement an "I win, you lose"
opportunity.  China Topix says that GT Advanced claims there was
no way for it to gain anything from the agreement and if it failed
to deliver, it would lose everything.

China Topix reports that Apple cannot or will not reveal its own
terms and documents, making it hard for the court to understand
what went wrong in the agreement.

               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.


GUIDED THERAPEUTICS: Amends 45 Million Shares Prospectus
--------------------------------------------------------
Guided Therapeutics, Inc., filed an amended registration statement
with the U.S. Securities and Exchange Commission relating to the
offering of up to 45,000,000 shares of its common stock,
consisting of up to [   ] shares of common stock, warrants to
purchase up to [   ] shares of the Company's common stock and
[    ] shares of common stock underlying those warrants.  The
Company amended the Registration Statement to delay its effective
date.

Each share of common stock the Company sells in the offering will
be accompanied by a warrant to purchase [   ] of a share of common
stock.  Each share of common stock and warrant will be sold at a
combined price of $[   ].  The common stock and warrants will be
issued separately.

The Company's common stock is listed on the OTCQB marketplace
under the symbol "GTHP."  The Company does not intend to apply for
listing of the warrants on any securities exchange and the Company
does not expect that the warrants will be quoted on the OTCQB
marketplace.  The last reported sale price of the Company's common
stock on the OTCQB on Nov. 4, 2014, was $0.3000 per share.

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

                        http://is.gd/GdGgsX

                     About Guided Therapeutics

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

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

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

                         Bankruptcy Warning

"The Company's capital-raising efforts are ongoing.  If sufficient
capital cannot be raised by the end of 2014, the Company has plans
to curtail operations by reducing discretionary spending and
staffing levels, and attempting to operate by only pursuing
activities for which it has external financial support and
additional NCI, NHI or other grant funding.  However, there can be
no assurance that such external financial support will be
sufficient to maintain even limited operations or that the Company
will be able to raise additional funds on acceptable terms, or at
all.  In such a case, the Company might be required to enter into
unfavorable agreements or, if that is not possible, be unable to
continue operations, and to the extent practicable, liquidate
and/or file for bankruptcy protection," the Company stated in the
Form 10-Q for the quarter ended March 31, 2014.


HASHFAST TECHNOLOGIES: To Auction Remaining Assets on Dec. 4
------------------------------------------------------------
The Hon. Dennis Montali of the U.S. Bankruptcy Court for the
Northern District of California has approved the auction of almost
all of Hashfast Technologies, LLC's remaining assets on Dec. 4,
2014.

Cyrus Farivar at Arstechnica.com relates that the Debtor will sell
thousands of its chips, wafers, mining boards, cooling fans, and
older models of its miners, as well as "claims and causes of
action against Simon Barber, co-founder and Chief Technology
Officer of the Debtors, including preference, fraudulent transfer,
and breach of fiduciary duty claims."

Arstechnica.com reports that the auction would put the Debtor out
of business for good.

Some court documents say that the Debtor owes over $40 million to
creditors primarily in the U.S., and some customers in Europe,
Russia, India, New Zealand, Australia, and Canada, while other
court filings show that as of Sept. 14, 2014, the Debtor had over
$7 million in assets, but over $14 million in liabilities and
about $124,000 cash on hand.  The difference between the $14
million amount and the claimed $40 million figure stems from the
Debtor's "failure to book the dollar value of the bitcoin refunds
they owe," Arstechnica.com states, citing Ray Gallo, one of the
lawyers representing creditors.

"August 2013 purchasers were required to pay in bitcoin.  The
debts are booked at the August 2013 dollar value of the bitcoins
customers actually paid.  But the contract requires a bitcoin
refund, and that refund right accrued on Jan. 1, 2014, when
bitcoins were worth about $770 each -- a lot more than they were
in August.  HashFast took the exchange risk and didn't hedge it.
Then they couldn't pay the refunds," Arstechnica.com quoted Mr.
Gallo as saying.

                   About HashFast Technologies

San Francisco, California-based HashFast Technologies LLC, a
startup Bitcoin miner manufacturer-turned-chipmaker.

Baker Hostetler LLP filed on behalf of Koi Systems, UBE
Enterprises, Timothy Lam, Edward Hammond, and Grant Pederson, an
involuntary Chapter 7 bankruptcy petition against HashFast
Technologies (Bankr. N.D. Calif. Case No. 14-30725) on May 9,
2014.


HEALTHWAREHOUSE.COM INC: Sold 2.3 Million Common Shares
-------------------------------------------------------
HealthWarehouse.com sold 2,333,333 shares of common stock, par
value $0.001 per share, in the second phase of a private offering
to individual and institutional accredited investors at $0.15 per
share, according to a regulatory filing with the U.S. Securities
and Exchange Commission.

The initial phase of the private offering closed on Aug. 21, 2014.
Warrants to purchase 1,666,666 shares of common stock at $0.30 per
share were issued to the purchasers in this phase of the private
offering.  The warrants expire five years from the date of
issuance.  The Company realized an aggregate of $1,653,000 in
gross proceeds from the offering, or $1,553,895 in net proceeds.
A total of 11,020,003 shares and 5,509,998 warrants were issued in
the private offering.

The shares of common stock and warrants issued in the private
offering were exempt from registration under the Securities Act of
1933, as amended, pursuant to Section 4(2) thereof and Rule 506 of
Regulation D thereunder.

                      About HealthWarehouse.com

HealthWarehouse.com, Inc., headquartered in Florence, Kentucky,
is a U.S. licensed virtual retail pharmacy ("VRP") and healthcare
e-commerce company that sells brand name and generic prescription
drugs as well as over-the-counter ("OTC") medical products.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2012, citing significant losses and the need to raise additional
funds to meet the Company's obligations and sustain its
operations.

As of June 30, 2014, the Company had $1.02 million in total
assets, $5.50 million in total liabilities and a $4.48 million
total stockholders' deficit.  The Company reported a net loss
attributable to common stockholders of $7.30 million in 2013
following a net loss attributable to common stockholders of $6.26
million in 2012.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2013.  The independent auditors noted that the Company has
incurred significant losses and needs to raise additional funds to
meet its obligations and sustain its operations.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern, the auditors said.


IDERA PHARMACEUTICALS: Incurs $9.6 Million Net Loss in Q3
---------------------------------------------------------
Idera Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to common stockholders of $9.57 million on
$30,000 of alliance revenue for the three months ended Sept. 30,
2014, compared to a net loss applicable to common stockholders of
$5.01 million on $7,000 of alliance revenue for the same period a
year ago.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss applicable to common stockholders of $27.14 million on
$71,000 of alliance revenue compared to a net loss applicable to
common stockholders of $14.72 million on $43,000 of alliance
revenue for the same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed $60.63
million in total assets, $7.81 million in total liabilities and
$52.82 million in total stockholders' equity.

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

                        http://is.gd/LFdKLh

                    About Idera Pharmaceuticals

Cambridge, Massachusetts-based Idera Pharmaceuticals, Inc., is a
clinical stage biotechnology company engaged in the discovery and
development of novel synthetic DNA- and RNA-based drug candidates
that are designed to modulate immune responses mediated through
Toll-like Receptors, or TLRs.  The Company has two drug
candidates, IMO-3100, a TLR7 and TLR9 antagonist, and IMO-8400, a
TLR7, TLR8, and TLR9 antagonist, in clinical development for the
treatment of autoimmune and inflammatory diseases.

Idera Pharmaceuticals reported a net loss of $18.22 million in
2013, a net loss of $19.24 million in 2012 and a net loss of
$23.77 million in 2011.


IMAGEWARE SYSTEMS: Delays Third Quarter Form 10-Q
-------------------------------------------------
ImageWare Systems, 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 Sept. 30, 2014.

The Company said it was unable to compile certain information
required to prepare a complete filing of its Form 10-Q.  As a
result, the Company was unable to file the Quarterly Report in a
timely manner without unreasonable effort or expense.  The Company
expects to file its Quarterly Report on Form 10-Q on or before
Nov. 17, 2014.

                      About ImageWare Systems

Headquartered in San Diego, California, ImageWare Systems, Inc.,
is a leader in the emerging market for software-based identity
management solutions, providing biometric, secure credential, law
enforcement and enterprise authorization.  Its "flagship" product
is the IWS Biometric Engine.  Scalable for small city business or
worldwide deployment, the Company's biometric engine is a multi-
biometric platform that is hardware and algorithm independent,
enabling the enrollment and management of unlimited population
sizes.  The Company's identification products are used to manage
and issue secure credentials, including national IDs, passports,
driver licenses, smart cards and access control credentials.  Its
law enforcement products provide law enforcement with integrated
mug shot, fingerprint LiveScan and investigative capabilities.
The Company also provides comprehensive authentication security
software.

Imageware Systems incurred a net loss of $9.84 million in 2013, a
net loss of $10.19 million in 2012 and a net loss of $3.18 million
in 2011.


INC RESEARCH: S&P Raises CCR to 'BB-' Following Completed IPO
-------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Raleigh, N.C.-based CRO INC Research LLC to 'BB-' from
'B+' following the completion of the company's initial public
offering, the proceeds from which are being used to repay debt.
S&P removed the rating from CreditWatch positive, where it placed
it on Oct. 16, 2014.  The rating outlook is stable.

At the same time, S&P is raising its issue-level rating on INC's
new senior secured credit facility to 'BB-' from 'B+', reflecting
the raised corporate credit rating.  S&P is removing this rating
from CreditWatch.  The recovery rating on this debt remains '3',
reflecting S&P's expectations for meaningful (50%-70%) recovery in
the event of default.  S&P intends to withdraw its 'BB-' issue-
level rating and '2' recovery rating on INC's old credit
facilities and its 'B' issue-level rating and '5' recovery rating
on INC's unsecured debt when the debt is repaid over the next few
weeks.

"We are raising our ratings on INC to reflect meaningfully lower
leverage following the IPO, as well as the company's relatively
stronger business position," said credit analyst Shannan Murphy.
"Together, these factors cause us to view credit risk as most
consistent with 'BB-' rated peers."

S&P's stable rating outlook reflects its view that INC's financial
policies should remain supportive of leverage in the mid 3x range,
and that recent backlog growth should support at least high-
single-digit revenue growth over the next year.

Downside scenario

S&P could lower the rating if financial policies become more
aggressive, resulting in leverage that S&P expects to be sustained
over 4x for an extended period of time.  This could occur if the
company increased debt by around $150 million (assuming no
increase in EBITDA). Under this scenario, S&P would likely assess
credit quality as more consistent with 'B+'(as opposed to 'BB-')
rated rating peers.

Upside scenario

A higher rating would require the company to reduce leverage below
3x, which S&P believes would require greater than 15% EBITDA
growth versus 2014 expected levels.  While S&P views this equity
offering as a first step towards public ownership, it continues to
view ongoing sponsor involvement as a risk factor.  For this
reason, S&P would be unlikely to upgrade until other shareholders
own at least 50% of the company.  For this reason, S&P does not
view an upgrade as likely over the next year.


INTEGRATED BIOPHARMA: Posts $403,000 Net Income in First Quarter
----------------------------------------------------------------
Integrated Biopharma, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $403,000 on $8.58 million of net sales for the three
months ended Sept. 30, 2014, compared to net income of $298,000 on
$9.19 million of net sales for the same period in 2013.

As of Sept. 30, 2014, the Company had $13.14 million in total
assets, $22.89 million in total liabilities and a $9.75 million
total stockholders' deficiency.

At Sept. 30, 2014, and June 30, 2104, the Company's working
capital deficit was approximately $2.5 million.

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

                        http://is.gd/aPqJ2S

                     About Integrated BioPharma

Based in Hillside, N.J., Integrated BioPharma, Inc. (INBP.OB) --
-- http://www.healthproductscorp.us/-- is engaged primarily in
manufacturing, distributing, marketing and sales of vitamins,
nutritional supplements and herbal products.  The Company's
customers are located primarily in the United States.  The Company
was previously known as Integrated Health Technologies, Inc., and,
prior to that, as Chem International, Inc.  The Company was
reincorporated in its current form in Delaware in 1995.  The
Company continues to do business as Chem International, Inc., with
certain of its customers and certain vendors.

Integrated Biopharma reported net income of $131,000 for the year
ended June 30, 2014, compared to net income of $93,000 for the
year ended June 30, 2013.


INVESTCORP BANK: Fitch Affirms 'BB' LT Issuer Default Rating
------------------------------------------------------------
Fitch Ratings has affirmed the long-term Issuer Default Rating
(IDR) of Investcorp Bank B.S.C. at 'BB'. The Rating outlook
remains Stable.

Key Rating Drivers

The rating affirmation reflects the company's strong client
franchise and high degree of brand name recognition in the Gulf,
supported by its track record and long-term relationships in the
region. The ratings also reflect the improved funding and
liquidity profile, in particular, the long-dated debt and secured
financing for its co-investment portfolio which has reduced the
impact of refinancing and liquidity risk inherent in Investcorp's
business model of originating and syndicating alternative asset
investments. At the same time, Investcorp maintains strong capital
levels that are well in excess of the Central Bank of Bahrain's
minimum requirement.

Rating constraints include significant, albeit reduced, balance
sheet co-investments in private equity, hedge funds and real
estate. Relative to other alternative investment managers,
Investcorp is also exposed to increased potential earnings
volatility and placement risk given that transactions are
originated and placed with investors on a deal by deal basis as
opposed to raising dedicated funds with an investment/re-
investment period.

Subsequent to the company's fiscal year ended June 30, 2014,
Investcorp announced the redemption of 53,382 of its issued
preference shares for an aggregate redemption price of $53.4
million. In total, the company has repurchased one-third of its
outstanding preference shares. Given the dividend rate on the
preferred shares (L+9.75%), Fitch believes the company could
pursue additional preferred share redemptions in the future. Fitch
believes that Investcorp presently has improved its fixed charge
coverage, and sufficient economic flexibility and capital cushion
to cover additional preferred share repurchases if executed at a
measured pace.

The Stable Outlook reflects Fitch's view that Investcorp's
liquidity, leverage and funding profile have stabilized and could
continue to improve over the medium term, absent a material market
stress.

Investcorp's 'BB' IDR is equalized with its 'bb' Viability Rating
based on Fitch's view of limited likelihood of sovereign support.
This is reflected in the Support Rating of '5' and the Support
Rating Floor of 'No Floor'. The Support Rating of '5' reflects
Fitch's view that external support cannot be relied upon. The
Support Rating Floor of 'No Floor' reflects Fitch's view that
there is no reasonable assumption that sovereign support will be
forthcoming to Investcorp.

RATING SENSITIVITIES

Fitch believes Investcorp's ratings are likely limited to the 'BB'
category in the near to intermediate term due to the company's
business model, earnings volatility and balance sheet exposure to
co-investments. The company's deal-by-deal business model could be
a profitability constraint in a period of investment origination
and/or placement activity weakness, while elevated co-investment
exposure introduces balance sheet risk in the event of investment
losses. Post-origination placement may also introduce temporary
balance sheet risk if Investcorp is unable to place investments
with clients.

A one-notch upgrade could be achievable if Investcorp is able to
successfully increase the proportion of recurring management fee
income generated from its assets under management (AUM), reduce
the proportion of income based on origination, placement and
performance of investments and continue to improve fixed charge
coverage. This assumes that leverage metrics continue to improve,
liquidity continues to grow and the level of co-investments
continues to decline in line with management's plans.

Should Investcorp be unable to generate sufficient earnings to
cover fixed charges, continue to grow net AUM and/or maintain the
recent decline in co-investments, ratings could be downgraded.

Fitch has affirmed the following ratings:

Investcorp Bank B.S.C.
--Long-term IDR at 'BB'; Outlook Stable;
--Short-term IDR at 'B';
--Viability Rating at 'bb';
--Support Rating at '5';
--Support Rating Floor at 'NF'.

Investcorp S.A.
--Long-term IDR at 'BB'; Outlook Stable;
--Short-term IDR at 'B';
--Senior unsecured debt at 'BB'.

Investcorp Capital Ltd.
--Long-term IDR at 'BB'; Outlook Stable;
--Short-term IDR at 'B';
--Senior unsecured debt at 'BB'.


ION MEDIA: Moody's Affirms B1 CFR & Rates $150MM 1st Lien Debt B1
-----------------------------------------------------------------
Moody's Investors Service affirmed the B1 Corporate Family Rating
(CFR) of ION Media Networks, Inc. (ION Media) and the B1 rating on
its first lien credit facility based on the company's plans for a
$150 million term loan add-on. The company intends to use proceeds
of the term loan add-on along with balance sheet cash to fund a
shareholder dividend. Affiliates of Black Diamond Capital
Management own Media Holdco, LP (Media Holdco), the primary owner
of ION Media with an 85% equity ownership, and are therefore the
largest recipient of the dividend. Moody's also upgraded the
Probability of Default Rating (PDR) to B1-PD from B2-PD.

The outlook is stable, and a summary of the actions follows.

ION Media Networks, Inc.

Corporate Family Rating, Affirmed B1

Probability of Default Rating, Upgraded to B1-PD from B2-PD

First Lien Revolver, Affirmed B1, LGD3

First Lien Term Loan, Affirmed B1, LGD3

Ratings Rationale

The transaction would increase leverage to approximately 4.8 times
debt-to-EBITDA from approximately 4.1 times (based on estimated
trailing twelve months through September 30 and incorporating
Moody's standard adjustments). The shareholder return comes within
one year of the sizeable December 2013 dividend, but EBITDA growth
for 2014 exceeded the company's and Moody's expectations. Moody's
sees a clear trajectory to net leverage falling below 4 times
within the next 18 months, but the company's aggressive fiscal
policy suggests a willingness to maintain leverage in the mid to
high 4 times range, with the timing of potential incremental
distributions likely to depend on market conditions and company
performance. The longer track record of EBITDA growth,
expectations for continued solid free cash flow (6% to 10% of
debt), and the strong liquidity profile nevertheless support the
B1 CFR.

ION Media's combination of fixed costs and cyclical, advertising
driven revenue leads to vulnerability to economic conditions, and
its small size and high leverage provide little flexibility to
withstand an economic downturn or changes in the industry, leaving
its B1 CFR weakly positioned. However, Moody's believes ION Media
can sustain advertising revenue growth in excess of the television
advertising industry average over at least the next year as it
continues to shift hours to scripted programming and away from
infomercials. The company's demonstrated success with this
strategy in the prime time day part provides a track record for
achieving similar success during non-prime periods. Furthermore,
Moody's sees potential for modest incremental share gains from
other cable networks. Nevertheless, while ION Media has to date
secured access to third party content at cost-effective rates,
inherent risk exists in evaluating the costs relative to the
potential audience. Also, changing consumer behavior for viewing
content creates the risk of audience erosion, which would pressure
advertising revenue. Moody's does not envision transformative
changes in either viewing behavior or advertising spending that
would materially impact ION Media's growth over the next couple of
years, but as business conditions evolve, the leverage target
might need to migrate lower to sustain the rating.

Moody's upgraded the PDR to B1-PD from B2-PD based on the first
lien debt capital structure with maintenance covenants that apply
only if the company borrows under the revolver or has outstanding
letters of credit. Moody's believes that the absence of covenants
reduces default risk, reflected in the higher PDR rating. Moody's
also believes the lack of covenants would reduce recovery value in
the event of a default, and now assumes an average, or 50%, family
recovery value, compared to previous expectations for an above
average (65%) recovery value.

The stable outlook incorporates expectations for revenue and
EBITDA growth along with modest debt reduction to result in
leverage falling to the mid 4 times range or better over the next
18 months.

Any increase in leverage or inability to bring leverage down over
the next 18 months, whether due to operating challenges or fiscal
policy, would likely lead to a negative outlook or downgrade.

ION Media's small scale, sponsor ownership, and concerns about the
impact of media fragmentation constrain upward ratings momentum.
However, Moody's would consider a positive rating action or
upgrade with expectations for revenue and EBITDA growth in line
with or better than GDP and a commitment to maintaining a stronger
credit profile, including leverage sustained around 2 times debt-
to-EBITDA, free cash flow-to-debt around 20%, and good liquidity.

ION Media owns and operates the ION Television network through a
geographically diversified group of wholly-owned broadcast
stations in the U.S. as well as through carriage agreements with
pay television providers. ION Media also owns and operates the
Qubo and ION Life television networks. The company maintains
headquarters in West Palm Beach, Florida, and generated revenue of
approximately $415 million for the 12 months ended September 30.
Black Diamond Capital Management's affiliates are the primary
indirect owners of ION Media through their ownership of Media
Holdco, whose primary asset is an 85% equity interest in ION
Media.

The principal methodology used in these ratings was Global
Broadcast and Advertising Related Industries published in May
2012. Other methodologies used include Loss Given Default for
Speculative-Grade Non-Financial Companies in the U.S., Canada and
EMEA published in June 2009.


ION MEDIA: S&P Affirms 'B+' CCR on Proposed Debt Add-On
-------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit rating on U.S. television broadcaster ION Media Networks
Inc.  The outlook is stable.

In addition, S&P affirmed its 'B+' issue-level rating on ION's $75
million five-year revolving credit facility and $865 million
(after the $150 million add-on) term loan B due 2020.  The '3'
recovery rating remains unchanged, indicating S&P's expectation
for meaningful recovery (50%-70%) for lenders in the event of a
payment default.

The company will use proceeds from the term loan to pay a
dividend.  Pro forma for the transaction, ION will have about $870
million of outstanding debt.

"The corporate credit rating on ION reflects the company's
national distribution, its increased entertainment programming
hours, its reliance on low-cost second-run content, its lack of
diverse revenue streams, and its 'aggressive' leverage profile,"
said Standard & Poor's credit analyst Jawad Hussain.

S&P's "weak" business risk profile assessment reflects the lack of
diverse revenue streams of ION Television (the company's flagship
network), including its minimal retransmission fees as a
percentage of total revenue, exposure to more volatile advertising
revenues, and focus on second-run content that is often accessible
from many different sources.  ION Television has extensive reach,
covering 100 million homes, largely through cable system carriage.
Cable and satellite providers must carry the station in markets in
which ION owns a TV station, based on Federal Communications
Commission (FCC) rules.

S&P's stable outlook on ION is based on its expectation that the
company will continue to generate solid free operating cash flow,
keep leverage under 5x, and maintain adequate liquidity and
sufficient covenant headroom.

S&P could lower the rating if weak advertising demand and higher-
than-expected content costs result in significant EBITDA margin
erosion to the low- to mid-40% area in 2015 and sustained leverage
above 5x.  S&P could also lower the rating if leverage rises above
5x on a sustained basis as a result of debt-financed acquisitions
or dividends.

Although unlikely over the next two years, S&P could consider an
upgrade if the company is able to successfully diversify its
revenue streams substantially, including a significant increase in
the percentage of revenue generated from more predictable sources
such as retransmission or cable subscription fees.  S&P could also
consider an upgrade if ION adopts a more conservative financial
policy and maintains leverage below 4x.


KAHN FAMILY: Alan Kahn Exits Chapter 11 Bankruptcy
--------------------------------------------------
Alex Buscemi at Thestate.com reports that Alan Kahn
exited bankruptcy in October for himself and two real estate
companies with a plan to repay at least 5 cents on the dollar to
up to 50 creditors to whom he owed more than $100 million.

Thestate.com relates that Mr. Kahn repaid more than $800,000 in
back taxes to hold on to 95 acres of undeveloped land at the
Village at Sandhill -- about a third of its total acreage.
Thestate.com says that Mr. Kahn could still lose part of the
shopping center and condominiums there to Wells Fargo bank if he
is not able to refinance or sell it by the end of the month as a
condition of the bankruptcy settlement.

                         About Kahn Family

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

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


LDK SOLAR: Cayman Court Sanctions Schemes of Arrangement
--------------------------------------------------------
LDK Solar CO., Ltd. in provisional liquidation and its Joint
Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of
Zolfo Cooper (Cayman) Limited, announced on Nov. 10 that, on
November 7, 2014, the Grand Court of the Cayman Islands sanctioned
the Cayman Islands schemes of arrangement of LDK Solar and its
subsidiary, LDK Silicon & Chemical Technology Co., Ltd., each as
previously approved by scheme creditors at their class meetings
held on October 16, 2014.

"We are very pleased that the Grand Court of Cayman Islands has
sanctioned our Cayman Islands schemes of arrangement, and this
represents a significant step in our offshore restructuring,"
stated Xingxue Tong, Interim Chairman, President and CEO of LDK
Solar.  "We now focus on also obtaining sanction from the High
Court of Hong Kong with respect to our Hong Kong schemes of
arrangement, together with the recognition of our LDK Solar Cayman
scheme of arrangement and approval of the terms of our pre-
packaged plan of reorganization from the U.S. Bankruptcy Court.
We look forward to the completion of our restructuring
transactions as may eventually be approved through these judicial
processes.  While we are mindful of difficulties ahead, we remain
committed to rebuilding LDK Solar and repositioning ourselves in
the PV marketplace to grow our business," concluded Mr. Tong.

The U.S. Bankruptcy Court will hold a hearing on November 21, 2014
to consider confirmation of the prepackaged plan of reorganization
and recognition of the Cayman Island scheme of arrangement of LDK
Solar.

                        About LDK Solar

LDK Solar Co., Ltd. -- http://www.ldksolar.com-- based in Hi-
Tech Industrial Park, Xinyu City, Jiangxi Province, People's
Republic of China, is a vertically integrated manufacturer of
photovoltaic products, including high-quality and low-cost
polysilicon, solar wafers, cells, modules, systems, power
projects and solutions.

LDK Solar was incorporated in the Cayman Islands on May 1, 2006,
by LDK New Energy, a British Virgin Islands company wholly owned
by Xiaofeng Peng, LDK's founder, chairman and chief executive
officer, to acquire all of the equity interests in Jiangxi LDK
Solar from Suzhou Liouxin Industry Co., Ltd., and Liouxin
Industrial Limited.

LDK Solar CO., Ltd. in provisional liquidation and its Joint
Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of
Zolfo Cooper (Cayman) Limited, on Oct. 22 disclosed that on
October 21, 2014 three U.S. subsidiaries of LDK Solar, LDK Solar
Systems, Inc., LDK Solar USA, Inc. and LDK Solar Tech USA, Inc.
filed voluntary petitions to reorganize under Chapter 11 of the
United States Bankruptcy Code in the United States Bankruptcy
Court for the District of Delaware.  The lead case is In re  LDK
Solar Systems, Inc. (Bankr. D. Del., Case No. 14-12384).

The U.S. Debtors' General Counsel is Jessica C.K. Boelter, Esq.,
at Sidley Austin LLP, in Chicago, Illinois.  The U.S. Debtors'
Delaware   counsel is Robert S. Brady, Esq., Maris J. Kandestin,
Esq., and Edmon L. Morton, Esq., at Young, Conaway, Stargatt &
Taylor, LLP, in Wilmington, Delaware.  The U.S. Debtors' financial
advisor is Jefferies LLC.  The Debtors' voting and noticing agent
is Epiq Bankruptcy Solutions, LLC.

The U.S. Debtors commenced the Chapter 11 Cases in order to
implement the prepackaged plan of reorganization, with respect to
which the U.S. Debtors launched a solicitation of votes on
September 17, 2014 from the holders of LDK Solar's 10% Senior
Notes due 2014, as guarantors of the Senior Notes, and required
such holders of the Senior Notes to return their ballots by
October 15, 2014.  Holders of the Senior Notes voted
overwhelmingly in favor of accepting the Prepackaged Plan.

Contemporaneously with the filing of the Chapter 11 Cases, on
October 21, 2014, LDK Solar filed a petition in the same U.S.
Bankruptcy Court for recognition of the provisional liquidation
proceeding in the Grand Court of the Cayman Islands, as previously
announced by LDK Solar, as a foreign main proceeding under Chapter
15 of the United States Bankruptcy Code.  The Chapter 15 case is
In re LDK Solar CO., Ltd. (Bankr. D. Del., Case No. 14-12387).


LDK SOLAR: Chapter 15 Recognition Hearing Set for November 21
-------------------------------------------------------------
LDK Solar Co., Ltd., notified the U.S. Bankruptcy Court for the
District of Delaware that the hearing on recognition of its Cayman
Proceeding under Chapter 15 of the Bankruptcy Code will occur on
Nov. 21, 2014, at 2:00 p.m. (ET) and objections, if any, must be
filed not later than 4:00 p.m. (ET) on Nov. 14, 2014.

As reported in the Troubled Company Reporter on Oct. 31, 2014,
Judge Peter J. Walsh issued an order granting LDK Solar Co., Ltd.,
provisional relief under Chapter 15 of the Bankruptcy Code.

Judge Walsh ruled that the order issued by the Cayman Islands
court is enforced on an interim basis and the commencement or
continuation of any actions against LDK Parent or its assets is
stayed.  Until the U.S. Court issues an order recognizing the
Cayman proceeding as a foreign main proceeding, all entities,
other than the foreign representatives, are enjoined from, among
other things, securing or executing against any asset or property
of LDK Parent or taking any action in the United States of any
judicial, quasi-judicial, administrative or monetary judgment,
assessment or order or arbitration award against the liquidators,
LDK Parent or its property within the territorial jurisdiction of
the United States.

                         About LDK Solar

LDK Solar Co., Ltd. -- http://www.ldksolar.com-- based in Hi-
Tech Industrial Park, Xinyu City, Jiangxi Province, People's
Republic of China, is a vertically integrated manufacturer of
photovoltaic products, including high-quality and low-cost
polysilicon, solar wafers, cells, modules, systems, power
projects and solutions.

LDK Solar was incorporated in the Cayman Islands on May 1, 2006,
by LDK New Energy, a British Virgin Islands company wholly owned
by Xiaofeng Peng, LDK's founder, chairman and chief executive
officer, to acquire all of the equity interests in Jiangxi LDK
Solar from Suzhou Liouxin Industry Co., Ltd., and Liouxin
Industrial Limited.

LDK Solar CO., Ltd. in provisional liquidation and its Joint
Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of
Zolfo Cooper (Cayman) Limited, on Oct. 22 disclosed that on
October 21, 2014 three U.S. subsidiaries of LDK Solar, LDK Solar
Systems, Inc., LDK Solar USA, Inc. and LDK Solar Tech USA, Inc.
filed voluntary petitions to reorganize under Chapter 11 of the
United States Bankruptcy Code in the United States Bankruptcy
Court for the District of Delaware.  The lead case is In re  LDK
Solar Systems, Inc. (Bankr. D. Del., Case No. 14-12384).

The U.S. Debtors' General Counsel is Jessica C.K. Boelter, Esq.,
at Sidley Austin LLP, in Chicago, Illinois.  The U.S. Debtors'
Delaware   counsel is Robert S. Brady, Esq., Maris J. Kandestin,
Esq., and Edmon L. Morton, Esq., at Young, Conaway, Stargatt &
Taylor, LLP, in Wilmington, Delaware.  The U.S. Debtors' financial
advisor is Jefferies LLC.  The Debtors' voting and noticing agent
is Epiq Bankruptcy Solutions, LLC.

The U.S. Debtors commenced the Chapter 11 Cases in order to
implement the prepackaged plan of reorganization, with respect to
which the U.S. Debtors launched a solicitation of votes on
September 17, 2014 from the holders of LDK Solar's 10% Senior
Notes due 2014, as guarantors of the Senior Notes, and required
such holders of the Senior Notes to return their ballots by
October 15, 2014.  Holders of the Senior Notes voted
overwhelmingly in favor of accepting the Prepackaged Plan.

Contemporaneously with the filing of the Chapter 11 Cases, on
October 21, 2014, LDK Solar filed a petition in the same U.S.
Bankruptcy Court for recognition of the provisional liquidation
proceeding in the Grand Court of the Cayman Islands, as previously
announced by LDK Solar, as a foreign main proceeding under Chapter
15 of the United States Bankruptcy Code.  The Chapter 15 case is
In re LDK Solar CO., Ltd. (Bankr. D. Del., Case No. 14-12387).


LENNAR CORP: Fitch Withdraws 'BB+' Rating on New $350MM Notes
-------------------------------------------------------------
Fitch Ratings, on Nov. 7, 2014, withdrew its 'BB+' rating on
Lennar Corporation's (NYSE: LEN and LEN.B) proposed offering of
$350 million of senior notes due 2019.  The company announced the
notes offering on Nov. 4, 2014 but decided to delay the issuance
due to market conditions.


MACKEYSER HOLDINGS: Files Joint Ch. 11 Plan of Liquidation
----------------------------------------------------------
Mackeyser Holdings, LLC, et al., and the Official Committee of
Unsecured Creditors appointed in their Chapter 11 cases jointly
proposed a plan that contemplates the liquidation of the Debtors
and the resolution of outstanding claims against and interests in
the Debtors.

Distributions under the Plan is premised under a ?Liquidating
Trust Waterfall," which will be as follows:

   (i) first, Allowed Administrative Claims, to the extent that
       these claims have not been satisfied from the
       Administrative Claims Reserve;

  (ii) second, to the repayment of the Initial Liquidating Trust
       Funding Amount to Health Evolution Partners Fund I (AIVI),
       f/k/a Health Evolution Partners Growth (AIV I), LP, which
       will satisfy in part the Allowed DIP Facility Claim;

(iii) third, until the Liquidating Trust Budget Amount is paid in
       full, 50% to pay the Allowed DIP Facility Claim and 50% to
       pay the Liquidating Trust Budget Amount;

  (iv) fourth, until the Allowed DIP Facility Claim is paid in
       full, 80% to pay the Allowed DIP Facility Claim and 20% to
       pay Allowed Priority Claims;

   (v) fifth, until HEP has received $500,000 on account of the
       Allowed HEP Prepetition Secured Claim, 65% to pay the
       Allowed HEP Prepetition Secured Claim and 35% to pay
       Allowed Priority Claims;

  (vi) sixth, until HEP has received $1,000,000 on account of the
       Allowed HEP Prepetition Secured Claim, 50% to pay the
       Allowed HEP Prepetition Secured Claim and 50% to pay
       Allowed Priority Claims;

(vii) seventh, until the Allowed HEP Prepetition Secured Claim is
       paid in full, 35% to pay the Allowed HEP Prepetition
       Secured Claim and 65% to pay Allowed Priority Claims; and

(viii) eighth, after the Allowed HEP Prepetition Secured Claim is
       paid in full, 100% to pay Allowed Priority Claims.

The Debtors propose a Feb. 2, 2015, hearing to consider
confirmation of their Plan.  The Debtors asked the Court to set
Jan. 16, 2015, as the deadline for filing objections to the Plan.

Full-text copies of the Plan and Disclosure Statement dated
Nov. 10, 2014, are available at:

            http://bankrupt.com/misc/MACKEYSERds1110.pdf

                    About MacKeyser Holdings

MacKeyser Holdings, LLC and its operating affiliates -- American
Optical Services, LLC, and Exela Hearing Services, LLC -- manage
integrated eye care and hearing systems providers with over 80
optical retail, optometry and ophthalmology locations in 14
states.  Within certain of the Company's locations, dedicated
audiology and dispensing staff conduct diagnostics, fitting and
dispensing of hearing systems.

MacKeyser Holdings, LLC, American Optical Services, Inc. and their
affiliates filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
Nos. 14-11528 to 14-11550) on June 20, 2014.  David R. Hurst,
Esq., and Marion M. Quirk, Esq., at Cole, Schotz, Meisel, Forman &
Leonard, PA.  The Debtors' financial advisor is GlassRatner
Advisory & Capital Group.  The investment banker is Hammond Hanlon
Camp LLC.  The noticing and claims management agent is American
Legal Claim Services, LLC.

In its petition, MacKeyser Holdings estimated $50 million to $100
million in both assets and liabilities.

The petitions were signed by Thomas J. Allison, authorized
officer.

The U.S. Trustee for Region 3 has appointed three creditors to
serve on the official committee of unsecured creditors.  The
Official Committee of Unsecured Creditors retained Cooley LLP as
lead counsel; Klehr Harrison Harvey Branzburg LLP as co-
counsel; and Giuliano, Miller & Company, LLC as financial advisor.


MEDIACOPY TEXAS: Ancillary Receivership Did Not Violate Stay
------------------------------------------------------------
Chief Justice Ann Crawford McClure of the Court of Appeals of
Texas, Eighth District, El Paso, affirmed the trial court's orders
(i) determining that the ancillary receivership involving
Mediacopy Texas Inc. did not violate a bankruptcy stay, (ii)
terminating the ancillary receivership, and (iii) discharging the
receiver because the ancillary receivership expired by statute on
March 24, 2013.  Unit 82 Joint Venture, Five Star Holding Company,
Inc., Five Star Holding Management, L.L.C., and 1320/1390 Don
Haskins, Ltd., took an appeal from the trial court's orders.

The case is, UNIT 82 JOINT VENTURE, FIVE STAR HOLDING COMPANY,
INC., FIVE STAR HOLDING MANAGEMENT, L.L.C., AND 1320/1390 DON
HASKINS, LTC., Appellants, v. INTERNATIONAL COMMERCIAL BANK OF
CHINA, LOS ANGELES BRANCH, MAYNARDS INDUSTRIES (1991) INC. D/B/A
MAYNARDS INDUSTRIES, LTD., AND ROBB EVANS, RECEIVER FOR MEDIACOPY
TEXAS, INC., Appellees, No. 08-13-00088-CV (Tex. App.).  A copy of
the Court's November 5, 2014 Opinion is available at
http://tinyurl.com/lbltecefrom Leagle.com.

                      About Mediacopy Texas

On Sept. 12, 2004, Infodisc Global Holdings Inc. and subsidiary
Mediacopy Texas, Inc. defaulted on loans provided by International
Commercial Bank of China.

Another unit of Infodisc Technology Co., Mediacopy, Inc., filed a
Chapter 11 bankruptcy petition (Bankr. C.D. Calif. Case No. 04-
32508) on Oct. 22, 2004.  The bankruptcy case was dismissed in
December 2005.

On Nov. 30, 2004 -- during the pendency of the bankruptcy
proceedings -- ICBC sued MTI and Infodisc Global in California
state court and sought a receivership for the purpose of
liquidating the collateral.  Reciting an agreement between ICBC,
MTI, and Infodisc Global to liquidate all of the assets, the
California receivership order required the receiver to seize and
sell the assets of MTI and Infodisc Global at its business
locations in California, Nevada, Texas, and Canada.


METALICO INC: Addresses Recent Stock Downturn
---------------------------------------------
Metalico, Inc., stated that it is not aware of any events
dictating recent declines in its stock price amid unusually heavy
volume but speculated they may be the results of aggressive short
selling and/or stockholders not completely understanding the
Company's recent debt restructuring, announced October 21.

The Company said the debt restructuring and proposed sales of
certain non-core assets are expected to help achieve the Company's
principal strategic objective of significantly reducing debt and
leverage while concentrating Metalico's operations in its scrap
metals recycling segment.  The complex transaction included an
issuance of stock together with new notes in exchange for
outstanding indebtedness that slashed the Company's leverage.  The
new notes have no current cash-pay interest and mature in 2024.

According to the Metalico, the restructuring, asset sales, and
cost reductions should move the Company appreciably toward its
goal of reducing total debt by 30% to 40% over the next few
months, freeing its balance sheet to allow it to execute its
business plans and take advantage of opportunities and upswings in
the metals commodity sector.  The Company intends to discuss the
restructuring further in its Third Quarter earnings call, to be
held in early November.

NYSE MKT has informed the Company that the Exchange is aware of
the recent unusual trading activity in Metalico stock.  The
Company has also contacted FINRA, the independent regulatory body
having jurisdiction over securities firms and brokers.

The Company is in compliance will all of its debt covenants and is
not in default under any of its credit arrangements.  Principal
and interest payments on debt have been made on time and all
suppliers are being paid on agreed terms.

In the nine months ended Sept. 30, 2014, Metalico generated EBITDA
of $17.5 million.  As part of its strategic redirection, the
Company has agreed to treat its lead operations, collectively a
non-core asset, as discontinued operations held for resale.

The Company's volume of ferrous scrap sales for the third quarter
was a record high of 160,400 gross tons, eclipsing the former
record of 154,700 gross tons set in the third quarter of 2008.
Non-ferrous sales of 55.4 million pounds were Metalico's second
highest, trailing only the 56.6 million pounds posted in this
year's second quarter.

The underlying operating fundamentals of the Company have improved
during most of 2014.

                           About Metalico

Metalico, Inc. is a holding company with operations in two
principal business segments: ferrous and non-ferrous scrap metal
recycling, and fabrication of lead-based products.  The Company
operates recycling facilities in New York, Pennsylvania, Ohio,
West Virginia, New Jersey, Texas, and Mississippi and lead
fabricating plants in Alabama, Illinois, and California.
Metalico's common stock is traded on the NYSE MKT under the symbol
MEA.

Metalico reported a net loss attributable to the Company of $34.81
million in 2013 following a net loss attributable to the Company
of $13.11 million in 2012.  Metalico incurred a net loss
attributable to the Company of $3.61 million for the six months
ended June 30, 2014.

As of June 30, 2014, the Company had $299.05 million in total
assets, $154.58 million in total liabilities and $144.46 million
in total equity.


MGM RESORTS: T. Rowe Price Reports 10.7% Equity Stake
-----------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, T. Rowe Price Associates, Inc., disclosed that as of
Oct. 31, 2014, it beneficially owned 52,859,933 shares of common
stock of MGM Resorts International representing 10.7 percent of
the shares outstanding.  A full-text copy of the regulatory filing
is available for free at http://is.gd/jYPpLq

                         About MGM Resorts

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

MGM Resorts reported a net loss attributable to the Company of
$156.60 million in 2013 following a net loss attributable to the
Company of $1.76 billion in 2012.  The Company's balance sheet at
Sept. 30, 2014, showed $25.44 billion in total assets, $17.54
billion in total liabilities and $7.89 million in total
stockholders' equity.

                         Bankruptcy Warning

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

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

   * incur additional debt;

   * incur liens on assets;

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

   * enter into transactions with affiliates;

   * allow certain subsidiaries to transfer assets; and

   * enter into sale and lease-back transactions.

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

                           *     *     *

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

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

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

As reported by the TCR on Sept. 29, 2014, Fitch Ratings has
upgraded MGM Resorts International's (MGM) and MGM China Holdings
Ltd's (MGM China) IDRs to 'B+' from 'B' and 'BB' from 'BB-',
respectively.  Fitch's upgrade of MGM's IDR to 'B+' and the
Positive Outlook reflect the company's strong performance on the
Las Vegas Strip and in Macau as well as Fitch's longer-term
positive outlooks for these markets.


MICHAEL'S ENTERPRISES: Must Pay BB&T's Attorney Fees
----------------------------------------------------
Bankruptcy Judge Kevin R. Huennekens granted Branch Banking and
Trust's Renewed Motion for Rule 9011 Sanctions against debtor
Michael's Enterprises of Virginia, Inc., the Debtor's sole
shareholder, Michael S. Pintz, and and the Debtor's Counsel, Lee
Robert Arzt.  The Court ruled that (i) the Debtor, its Counsel,
and Pintz violated Bankruptcy Rule 9011; (ii) sanctions should be
imposed upon the Respondents; and (iii) the Respondents are to be
held jointly and severally liable for BB&T's attorneys' fees in
the amount of $10,000.

BB&T argues that the Debtor's Petition and Schedules were filed
for an improper purpose -- to relitigate claims that had already
been brought and decided in state court.

On July 16, 2008, the Debtor executed a promissory note payable to
the order of BB&T in the original principal amount of $200,000.
The Debtor owned a parcel of real property located in Sussex
County, Virginia.  On May 19, 2013, the Debtor defaulted on its
obligations under the Note.  On September 17, 2013 the Circuit
Court for the County of Hanover, Virginia, entered judgment
against the Debtor in favor of BB&T for the amounts owed by the
Debtor on the Note.  BB&T subsequently initiated foreclosure
proceedings under its Deed of Trust to satisfy the State Court
Judgment.  The Trustee under the Deed of Trust duly advertised the
sale of the Sussex County Property and gave proper notice of the
sale, all in accordance with Virginia law.  The foreclosure sale
was scheduled to be conducted on November 12, 2013.

On November 5, 2013, the Debtor filed a Motion for Temporary
Injunction in the Sussex County Circuit Court. The Debtor
maintained that the Foreclosure Sale was improvident and would
cause it to experience irreparable harm. The Sussex County Circuit
Court denied the Debtor's motion.

The Trustee proceeded to sell the Sussex County Property in
accordance with Virginia law.  BB&T logged the highest and best
bid of $135,000 at the Foreclosure Sale.  A Trustee's deed was
subsequently recorded in the Clerk's Office of the Sussex County
Circuit Court conveying the property to BB&T on November 27, 2013.
The Debtor, however, refused to relinquish possession of the
Property.

The Debtor filed a voluntary petition under Chapter 11 of the
Bankruptcy Code on February 10, 2014.  The Debtor, thereafter,
filed an amended Chapter 11 petition on February 18, 2014.  The
case is Bankr. E.D. Va. Case No. 14-030611.

On September 18, 2014, the United States Trustee filed a Motion to
Convert the Case to Chapter 7 and a Motion to Dismiss the Case. On
October 21, 2014, the Court entered an order dismissing the
bankruptcy case.

A copy of the Court's November 6, 2014 Memorandum Opinion is
available at http://tinyurl.com/lbltecefrom Leagle.com.


MOMENTIVE SPECIALTY: Incurs $28 Million Net Loss in Third Quarter
-----------------------------------------------------------------
Momentive Specialty Chemicals Inc. filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $28 million on $1.34 billion of net sales
for the three months ended Sept. 30, 2014, compared to a net loss
of $76 million on $1.24 billion of net sales for the same period
in 2013.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $82 million on $3.97 billion of net sales compared to
a net loss of $108 million on $3.69 billion of net sales for the
same period a year ago.

As of Sept. 30, 2014, the Company had $2.82 billion in total
assets, $5.01 billion total liabilities and a $2.18 billion total
deficit.

"Our specialty portfolio, new product development efforts and
integrated global network supported our sales and EBITDA gains in
the third quarter of 2014," said Craig Morrison, Chairman,
president and CEO.  "Third quarter 2014 results reflected
continued strength in our specialty products, including specialty
epoxy resins fueled by positive wind energy demand and growth in
our oilfield proppants business, which posted its seventh
consecutive quarter of sequential volume gains.  Our North
American formaldehyde business also grew significantly in the
third quarter of 2014 versus the prior year reflecting ongoing
growth from housing and industrial demand."

"We also recently announced our third formaldehyde expansion.
This new site in Luling, Louisiana, along with our other two
previously announced site expansions in Curitiba, Brazil and
Geismar, Louisiana, further solidifies our industry-leading
position and will provide needed capacity to meet our customers'
anticipated growth.  In addition, our new phenolic specialty
resins joint venture in China remains on track to come online in
the fourth quarter of 2014, further strengthening our Asia Pacific
footprint."

"We continue to balance our strategic investments with a steadfast
focus on cost control and productivity.  We are currently
targeting $25 million to $30 million in additional cost reduction
initiatives that will be implemented in the fourth quarter of 2014
and the first half of 2015.  We entered 2014 with substantial
liquidity and have used a portion of it to strategically invest in
the business this year to support our future earnings growth.
With no significant debt maturities until 2018 and substantial
liquidity, as well as a number of expansion projects in
development, we have taken both the financial and strategic steps
to position ourselves for long-term growth and sustainability."

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

                       http://is.gd/1TD8c0

                    About Momentive Specialty

Momentive Specialty Chemicals, Inc., headquartered in Columbus,
Ohio, is a leading producer of thermoset resins (epoxy,
formaldehyde and acrylic).  The company is also a supplier of
specialty resins for inks and specialty coatings sold to a diverse
customer base as well as a producer of commodities such as
formaldehyde, bisphenol A, epichlorohydrin, versatic acid and
related derivatives.

Momentive Specialty reported a net loss of $634 million on $4.89
billion of net sales for the year ended Dec. 31, 2013, as compared
with net income of $346 million on $4.75 billion of net sales for
the year ended Dec. 31, 2012.

                           *     *     *

The TCR reported on Oct. 3, 2014, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Momentive
Specialty Chemicals Inc. (MSC) by one notch to 'CCC+' from 'B-'.
"The downgrade follows MSC's significant use of cash in the first
half of 2014 and our expectation that lackluster cash flow from
operations and elevated capital spending will cause free operating
cash flow to be significantly negative in 2014 and 2015," said
Standard & Poor's credit analyst Cynthia Werneth.

As reported by the TCR on May 5, 2014, Moody's Investors Service
affirmed Momentive Specialty Chemicals Inc's (MSC) corporate
family rating (CFR) at B3 but changed the ratings outlook to
negative due to weak credit metrics and the expectation that
credit metrics will not return to levels fully supportive of the
B3 Corporate Family Rating in 2014.


MOBILESMITH INC: Incurs $2.1 Million Net Loss in Third Quarter
--------------------------------------------------------------
Mobilesmith, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.09 million on $177,675 of total revenue for the three months
ended Sept. 30, 2014, compared to a net loss of $1.24 million on
$102,326 of total revenue for the same period a year ago.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $5.36 million on $560,403 of total revenues compared
to a net loss of $25.92 million on $227,534 of total revenues for
the same period during the prior year.

The Company's balance sheet at Sept. 30, 2014, showed $1.48
million in total assets, $31.23 million in total liabilities and a
$29.75 million total stockholders' deficit.

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

                        http://is.gd/WwV482

                       About MobileSmith Inc.

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

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

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


MERRIMACK PHARMACEUTICALS: Incurs $28 Million Net Loss in Q3
------------------------------------------------------------
Merrimack Pharmaceuticals, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $28.03 million on $28 million of
collaboration revenues for the three months ended Sept. 30, 2014,
compared to a net loss of $39.76 million on $6.85 million of
collaboration revenues for the same period a year ago.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $74.08 million on $68.85 million of collaboration
revenues compared to a net loss of $98.33 million on $39.96
million of collaboration revenues for the same period a year ago.

The Company's balance sheet at Sept. 30, 2014, showed $188.60
million in total assets, $288.46 million in total liabilities,
$150,000 in non-controlling interest and a $99.71 million total
stockholders' deficit.

Merrimack expects its existing unrestricted cash and cash
equivalents and available-for-sale securities as of Sept. 30,
2014, of $153.7 million and anticipated cost sharing
reimbursements from Baxter under their license and collaboration
agreement related to MM-398 to be sufficient to fund operations
into the second half of 2015.  Payments received from Baxter upon
the achievement of milestones related to MM-398 would further
extend Merrimack's cash runway.

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

                        http://is.gd/iPy4En

                          About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc., a
biopharmaceutical company discovering, developing and preparing to
commercialize innovative medicines consisting of novel
therapeutics paired with companion diagnostics.  The Company's
initial focus is in the field of oncology.  The Company has five
programs in clinical development.  In it most advanced program,
the Company is conducting a pivotal Phase 3 clinical trial.

Merrimack reported a net loss of $130.68 million in 2013, a net
loss of $91.75 million in 2012 and a net loss of $79.67 million in
2011.


MULTI PACKAGING SOLUTIONS: S&P Keeps B CCR Over $135MM Loan Add-On
------------------------------------------------------------------
Standard & Poor's Ratings Services said its ratings on Multi
Packaging Solutions Ltd. are unchanged following its proposed $135
million incremental term loan B.  S&P has maintained its 'B+'
issue-level ratings and '2' recovery rating on the senior secured
debt, indicating its expectation for substantial (at the low end
of the 70% to 90% range) recovery in the event of a payment
default.

S&P expects that the company will use proceeds from the
incremental term loan to fund the acquisition of the print and
packaging business of ASG Group in North America and China and
fund transaction fees and expenses.  All of S&P's other existing
ratings on the company, including the 'B' corporate credit rating,
remain unchanged.  The outlook is stable.  S&P characterizes the
company's business risk profile as "fair" and its financial risk
profile as "highly leveraged".

RATINGS LIST

Multi Packaging Solutions Ltd.
Corporate Credit Rating                        B/Stable/--

Ratings Unchanged After Add-On

Multi Packaging Solutions Ltd.
Multi Packaging Solutions Inc.
$465 Mil. Senior Secured Term Loan Due 2020    B+
   Recovery Rating                              2


MORGANS HOTEL: Incurs $13.7 Million Net Loss in Third Quarter
-------------------------------------------------------------
Morgans Hotel Group Co. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss attributable to common stockholders of $13.73 million
on $55.50 million of total revenues for the three months ended
Sept. 30, 2014, compared to a net loss attributable to common
stockholders of $14.36 million on $58.26 million of total revenues
for the same period in 2013.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss attributable to common stockholders of $55.94 million on
$172.57 million of total revenues compared to a net loss
attributable to common stockholders of $47.72 million on $171.62
million of total revenues for the same period during the prior
year.

The Company's balance sheet at Sept. 30, 2014, showed $632.26
million in total assets, $853.54 million in total liabilities,
$4.60 million in redeemable noncontrolling interest, and a $225.88
million total deficit.

Jason T. Kalisman, interim chief executive officer, stated, "We
continued to make significant progress during the third quarter to
extend our brands by opening two new spectacular hotels, the
Delano Las Vegas and the Mondrian London.  We believe our mix of
unique and valuable properties and expanded geographic footprint,
combined with our ongoing commitment to operational excellence,
provides us with greater stability and a stronger platform from
which we can grow.  As a result, we are well positioned to
capitalize on future opportunities and look forward to building on
the momentum of the first three quarters as we complete what has
been a transformative year for the Company."

At Sept. 30, 2014, the Company had approximately $96.3 million in
cash and cash equivalents.

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

                        http://is.gd/prJDYT

                    About Morgans Hotel Group

Based in New York, Morgans Hotel Group Co. (Nasdaq: MHGC) --
http://www.morganshotelgroup.com/-- is widely credited as the
creator of the first "boutique" hotel and a continuing leader of
the hotel industry's boutique sector.  Morgans Hotel Group
operates and owns, or has an ownership interest in, Morgans,
Royalton and Hudson in New York, Delano and Shore Club in South
Beach, Mondrian in Los Angeles and South Beach, Clift in San
Francisco, Ames in Boston, and Sanderson and St Martins Lane in
London.  Morgans Hotel Group and an equity partner also own the
Hard Rock Hotel & Casino in Las Vegas and related assets.  Morgans
Hotel Group also manages hotels in Isla Verde, Puerto Rico and
Playa del Carmen, Mexico.  Morgans Hotel Group has other property
transactions in various stages of completion, including projects
in SoHo, New York and Palm Springs, California.

Morgans Hotel has been in the red the past five years.  It
reported a net loss attributable to common stockholders of $57.48
million on $236.48 million of total revenues for the year ended
Dec. 31, 2013, as compared with a net loss attributable to common
stockholders of $66.81 million on $189.91 million of total
revenues in 2012.  Morgans Hotel posted a net loss of $87.95
million on $207.33 million of total revenues in 2011, a net loss
of $83.64 million on $236.37 million of total revenues in 2010,
and a net loss of $101.60 million on $225.05 million of total
revenues in 2009.


NAKED BRAND: BDO Canada LLP Dismissed as Accountants
----------------------------------------------------
The Board of Directors of Naked Brand Group Inc. approved the
dismissal of BDO Canada LLP as the Company's independent
registered public accounting firm, according to a regulatory
filing with the U.S. Securities and Exchange Commission.  The
Company said it is seeking appointment of an independent
registered public accounting firm in closer proximity to its new
head office in New York, NY, USA.

BDO Canada LLP's report on the Company's consolidated financial
statements for the fiscal years ended Jan. 31, 2014, and Jan. 31,
2013, did not contain an adverse opinion or disclaimer of opinion,
or qualification or modification as to uncertainty, audit scope,
or accounting principles, except that such report on the Company's
consolidated financial statements contained an explanatory
paragraph in respect to the substantial doubt about our ability to
continue as a going concern.

During the Company' fiscal years ended Jan. 31, 2014, and Jan. 31,
2013, and in the subsequent interim period through the date of
dismissal, there were no disagreements, resolved or not, with BDO
Canada LLP on any matter of accounting principles or practices,
financial statement disclosure, or audit scope and procedures,
which disagreement, if not resolved to the satisfaction of BDO
Canada LLP, would have caused BDO Canada LLP to make reference to
the subject matter of the disagreement in connection with its
report.

                    Issues Purchase Warrants

Naked Brand, on June 10, 2014, issued stock options to purchase an
aggregate of 1,000,000 shares of the Company's common stock to two
consultants of the company as consideration for services to be
rendered.  The options are exercisable at $0.15 per share for a
period of ten years from the date of grant and are vesting over
periods of one to two years from the date of grant.  The Company
granted the stock options to two U.S. person relying on Section
4(a)(2) of the Securities Act and/or Rule 506 promulgated pursuant
to the Securities Act.

On Oct. 23, 2014, the Company issued warrants to purchase 985,000
shares of its common stock to a consultant of the Company as
consideration for services to be rendered.  The warrants are
exercisable at $0.20 per share for a period of five years.

                         About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants
under the Naked brand, as well as under the NKD sub-brand for men.
The company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York, New York.

The Company's balance sheet at July 31, 2014, showed $4.98 million
in total assets, $35.18 million in total liabilities and a
stockholders' deficit of $30.2 million.

As at July 31, 2014, the Company had not yet achieved profitable
operations and expects to incur significant further losses in the
development of its business, which casts substantial doubt about
the Company's ability to continue as a going concern, the Company
stated in the quarterly report for the period ended July 31, 2014.


NII HOLDINGS: Posts Net Loss of $457 Mil. in Third Quarter
----------------------------------------------------------
NII Holdings, Inc. on Nov. 10 announced its consolidated financial
results for the third quarter of 2014.  The Company reported a net
loss of 40,000 subscribers for the quarter with subscriber losses
in Mexico offsetting subscriber additions in Brazil.  On a
consolidated basis, the Company ended the quarter with 9.1 million
subscribers, a 5 percent decrease from a year ago.  Financial
results for the third quarter include consolidated operating
revenues of $927 million, a 15 percent decrease compared to the
third quarter of 2013; consolidated adjusted OIBDA loss of $10
million, which excludes the impact of non-cash asset impairments,
restructuring charges and other unusual items, including an in-
period gain of $75 million on the completion of the sale of towers
in Mexico; and a consolidated operating loss of $213 million.  For
the third quarter of 2014, the Company generated a net loss from
continuing operations of $457 million.  Capital expenditures were
$56 million for the quarter.  The Company ended the third quarter
with $740 million in consolidated cash and investments.

"We ended the quarter with positive operational momentum as a
result of a number of initiatives we put in place earlier this
year.  During the quarter, we saw improvement both in subscriber
growth on our 3G networks and in customer retention in Brazil and
we made progress in our efforts to reduce subscriber losses in
Mexico. Our focus for the remainder of the year is to leverage
these efforts to improve our revenue base and drive better
profitability in our business as we head into 2015," said
Steve Shindler, NII Holdings' chief executive officer.
"Unfortunately, these and other efforts to improve our operational
performance were not sufficient to address our liquidity
challenges over the long term, making it necessary for us to take
steps to restructure our balance sheet by voluntarily seeking
relief under Chapter 11 of the Bankruptcy Code in September."

NII Holdings' consolidated average monthly service revenue per
subscriber (ARPU) was $28 for the third quarter of 2014, down from
$32 in the same quarter last year.  The Company also reported
consolidated average monthly churn of 3.40 percent for the period,
compared to 3.59 percent in the third quarter of 2013.
Consolidated cost per gross addition (CPGA) was $236 for the third
quarter of 2014, a $3 decrease from the year ago period.

"We implemented strategies designed to stabilize our revenues and
pursued more aggressive actions to reduce our costs across our
business," said Juan Figuereo, NII Holdings' executive vice
president and chief financial officer.  "While we are focused on
our efforts to turnaround our business, we are also working with
our bondholders in the Chapter 11 process to develop a
reorganization plan that will improve our capital structure,
enhance our liquidity and give us the flexibility to continue to
execute on the turnaround of our business.  We will also continue
to engage in strategic discussions with interested parties about
our valuable assets."

In light of its decision to file a voluntary petition for relief
under Chapter 11 of the Bankruptcy Code, the Company will not host
a financial results conference call this quarter.  Additional
details regarding the Company's results and the bankruptcy
proceedings are included in the Company's Quarterly Report on Form
10-Q for the third quarter that was filed with the Securities and
Exchange Commission this morning.  Additional operational and
financial details are also available under the Investor Relations
link at www.nii.com

In addition to the financial results prepared in accordance with
accounting principles generally accepted in the United States
(GAAP) provided throughout this press release and in the attached
financial table, NII Holdings has presented consolidated adjusted
OIBDA, ARPU, and CPGA.  These measures are non-GAAP financial
measures and should be considered in addition to, but not as
substitutes for, the information prepared in accordance with GAAP.
Reconciliations from GAAP results to these non-GAAP financial
measures are provided in the notes to the attached financial
table.  To view these and other reconciliations of non-GAAP
financial measures that the Company uses, visit the investor
relations link at www.nii.com

                       About NII Holdings

NII Holdings Inc. through its subsidiaries provides wireless
communication services for businesses and consumers in Brazil,
Mexico and Argentina.  NII Holdings has the exclusive right to use
the Nextel brand in its markets pursuant to a trademark license
agreement with Sprint Corporation and offers unique push-to-talk
("PTT") services associated with the Nextel brand in Latin
America.  NII Holdings' shares of common stock, par value $0.001,
are publicly traded under the symbol NIHD on the NASDAQ Global
Select Market.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on Sept. 15, 2014.  The Debtors' cases are jointly administered
and are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Jones Day as counsel and Prime Clerk LLC
as claims and noticing agent.

The U.S. Trustee for Region 2 on Sept. 29 appointed five creditors
of NII Holdings to serve on the official committee of unsecured
creditors.


OPTIM ENERGY: Plan Filing Date Extended Until Feb. 2015
-------------------------------------------------------
Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware extended Optim Energy, LLC, et al.'s
exclusive plan filing date through and including Feb. 9, 2015, and
their exclusive solicitation period through and including
April 10, 2015.

This is the Debtors' second request for extension of their
exclusive periods.  As previously reported by The Troubled Company
Reporter, the Debtors' counsel, William M. Alleman, Jr., Esq., at
Morris, Nichols, Arsht & Tunnell LLP, in Wilmington, Delaware,
said the extension of the exclusive periods will allow the Debtors
to close on the sale of its Twin Oaks Plant and formulate a
potential restructuring strategy for their Gas Plant Portfolio.
Mr. Alleman said the Debtors are contemplating a potential sale of
the Gas Plant Portfolio to a plan sponsor under a chapter 11 plan
of reorganization.

                        About Optim Energy

Optim Energy, LLC, and its affiliates are power plant owners
principally engaged in the production of energy in Texas's
deregulated energy market.  Optim owns and operates three power
plants in eastern Texas: the Twin Oaks plant in Robertson County,
Texas, the Altura Cogen plant in Harris County, Texas and the
Cedar Bayou plant in Chambers County, Texas.  The Altura and Cedar
Bayou plants are fueled by natural gas, and the third is coal-
fired.

Optim Energy and its affiliates sought Chapter 11 protection from
creditors (Bankr. D. Del. Lead Case No. 14-10262) on Feb. 12,
2014.

The Debtors have tapped Bracewell & Giuliani LLP and Morris,
Nichols, Arsht & Tunnell LLP as attorneys; Protiviti Inc. as
restructuring advisors; and Prime Clerk LLC as claims agent.

Optim Energy, LLC scheduled $6,948,418 in assets and $716,561,450
in liabilities.  Optim Energy Cedar Bayou 4, LLC, disclosed
$183,694,097 in assets and $717,646,180 in liabilities as of the
Chapter 11 filing.  The Debtors have $713 million of outstanding
principal indebtedness.

On Feb. 27, 2014, Roberta A. DeAngelis, U.S. Trustee for Region 3,
notified the Bankruptcy Court that she was unable to appoint an
official committee of unsecured creditors in the Debtors' cases.
The U.S. Trustee explained that there were insufficient responses
to her communication/contact for service on the committee.


OVERSEAS SHIPHOLDING: Posts Net Loss of $2.4 Million in Q3 of 2014
------------------------------------------------------------------
Overseas Shipholding Group, Inc., a provider of energy
transportation services, reported results for the third quarter of
fiscal 2014 ended September 30, 2014.

For the quarter ended September 30, 2014, the Company reported TCE
revenues of $176.2 million, a decrease of $11.4 million, or 6%,
from $187.6 million in the comparable 2013 quarter.  For the
quarter ended September 30, 2014, the Company reported shipping
revenues of $206.3 million, a decrease of $61.1 million from
$267.3 million in the comparable 2013 quarter.  Net income for the
quarter ended September 30, 2014 was $8.4 million, or $0.02 per
diluted share, compared with net income of $1.0 million, or $0.03
per diluted share, in the same period in 2013.  After adjusting
for special items that increased net income by $10.9 million, or
$0.03 per diluted share, third quarter 2014 net loss was $2.4
million, or $0.01 per diluted share, compared with net income of
$12.7 million, or $0.42 per diluted share, in the third quarter of
2013.

For the nine months ended September 30, 2014, the Company reported
TCE revenues of $562.4 million, a decrease of $7.0 million, or 1%,
from $569.4 million in the comparable 2013 period.  For the nine
months ended September 30, 2014, the Company reported shipping
revenues of $740.5 million, a decrease of $2.4 million from $742.9
million in the comparable 2013 period.  Net loss for the nine
months ended September 30, 2014 was $185.2 million, or $1.38 per
diluted share, compared with a net loss of $190.9 million, or
$6.26 per diluted share, in the same period in 2013.  After
adjusting for special items that increased net loss by $94.9
million, or $0.70 per diluted share, net loss for the nine months
ended September 30, 2014 was $90.4 million, or $0.68 per diluted
share, compared with net income of $32.1 million, or $1.05 per
diluted share, in the nine months ended September 30, 2013.

A complete copy of OSG's earnings release for the third quarter of
fiscal 2014 ended September 30, 2014, is available for free at:

          http://is.gd/bA9jA6

                      About Overseas Shipholding

Overseas Shipholding Group, Inc. (OTC: OSGIQ), headquartered in
New York, is one of the largest publicly traded tanker companies
in the world, engaged primarily in the ocean transportation of
crude oil and petroleum products.  OSG owns or operates 111
vessels that transport oil and petroleum products throughout the
world.

Overseas Shipholding Group and 180 affiliates filed voluntary
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 12-20000) on
Nov. 14, 2012, disclosing $4.15 billion in assets and $2.67
billion in liabilities.  Greylock Partners LLC Chief Executive
John Ray serves as chief reorganization officer.  James L.
Bromley, Esq., and Luke A. Barefoot, Esq., at Cleary Gottlieb
Steen & Hamilton LLP serve as OSG's Chapter 11 counsel.  Derek C.
Abbott, Esq., Daniel B. Butz, Esq., and William M. Alleman, Jr.,
at Morris, Nichols, Arsht & Tunnell LLP, serve as local counsel.
Chilmark Partners LLC serves as financial adviser.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

The Export-Import Bank of China, owed $312 million used for the
construction of five tankers, is represented by Louis R. Strubeck,
Jr., Esq., and Kristian W. Gluck, Esq., at Fulbright & Jaworski
LLP in Dallas; David L. Barrack, Esq., and Beret Flom, Esq., at
Fulbright & Jaworski in New York; and John Knight, Esq., and
Christopher Samis, Esq., at Richards Layton & Finger PA.  Chilmark
Partners, LLC serves as financial and restructuring advisor.

Akin Gump Strauss Hauer & Feld LLP, and Pepper Hamilton LLP, serve
as co-counsel to the official committee of unsecured creditors.
FTI Consulting, Inc., is the financial advisor and Houlihan Lokey
Capital, Inc., is the investment banker.

U.S. Bank National Association is the successor administrative
agent under the $1.5 billion credit agreement, dated as of
February 9, 2006 by and among (a) OSG, OSG Bulk Ships, Inc., and
OSG International, Inc., as joint and several borrowers, (b) the
Administrative Agent and (c) various lenders party thereto.
Counsel to the Administrative Agent are Milbank, Tweed, Hadley &
McCloy LLP; Holland & Knight LLP; and Drinker Biddle & Reath LLP.
Lazard Freres & Co. LLC serves as advisor to the Administrative
Agent.

An official committee of Equity Security Holders has been
appointed in the case.  It is represented by Brown Rudnick LLP's
Steven D. Pohl, Esq., James W. Stoll, Esq. and Jesse N. Garfinkle,
Esq.; Fox Rothschild LLP's Jeffrey M. Schlerf, Esq., John H.
Strock, Esq. and L. John Bird, Esq.

Judge Walsh signed on July 18, 2014, a findings of fact,
conclusions of law, and order confirming the First Amended Joint
Plan of Reorganization of OSG and its debtor-affiliates.

A blacklined version of the Plan dated July 17, 2014, is available
at http://bankrupt.com/misc/OSGplan0716.pdf

A full-text copy of Judge Walsh's Confirmation Order is available
at http://bankrupt.com/misc/OSGplanord0718.pdf

                          *     *     *

The Troubled Company Reporter, on Aug. 14, 2014, reported that
Moody's Investors Service assigned Caa1 ratings to the unsecured
notes of Overseas Shipholding Group, Inc. ("OSG") that are being
reinstated pursuant to its plan of reorganization which becomes
effective. Moody's also affirmed the B2 Corporate Family Rating
and all of the other debt ratings it assigned to OSG on June 12,
2014 in anticipation of the conclusion of the Chapter 11
reorganization. The rating outlook is stable.

The TCR, on Aug. 19, 2014, also reported that Standard & Poor's
Ratings Services assigned its 'B' corporate credit rating to
Overseas Shipholding Group Inc. (OSG). The outlook is stable.


PINNACLE ENTERTAINMENT: Fitch Alters Outlook to Neg Over Spinoff
----------------------------------------------------------------
Fitch Ratings affirms Pinnacle Entertainment Inc.'s (PNK) IDR at
'B+' and revises PNK's Rating Outlook to Negative from Stable.
Fitch also affirms PNK's issue specific ratings.

The Outlook revision to Negative reflects PNK's announced REIT
spin-off transaction as well as the continued weakness in the
regional gaming environment and upcoming competitive pressure in
Lake Charles.

PNK plans to contribute its assets to a newly formed REIT and will
lease the assets from the REIT under a triple net master lease
agreement.  PNK expect to issue approximately $1 billion of
equity, which could be used to reduce debt and help fund the
execution of the transaction.  The spin-off is expected to close
by 2016 and still needs to reach certain milestones such as
receiving a private letter ruling (PLR) from IRS, which management
expects to receive in 2015.

Fitch estimates PNK's rent adjusted leverage pro forma for the
spin-off in the mid-high 6x range relative to Fitch's expectation
of pre-spin leverage of roughly 6x by 2016.  Also the master
triple net lease structure will reduce PNK's financial flexibility
given the lease's fixed nature.  Fitch estimates the lease will be
approximately $340 million annually making PNK's FCF acutely
sensitive to potential declines in PNK's EBITDAR.  FCF pro forma
for the transaction will around $70 million compared to greater
than $200 million current run-rate.  Given PNK's $689 million
EBITDAR base a 10% decline in EBITDAR could reduce PNK's pro forma
FCF close to zero.

In light of Fitch's negative view of regional gaming markets,
PNK's pro forma financial profile could be more consistent with a
'B' IDR.  Fitch's concern over the operating environment is
compounded by the anticipated competitive impact on PNK's
L'Auberge Lake Charles (about 15% of EBITDA) when Golden Nugget
Lake Charles opens this Dec.  Fitch's projections for more mature
regional markets generally incorporate low single digit same store
revenue declines and Fitch assumes a 20% revenue decline at
L'Auberge Lake Charles.

The lack of physical assets will reduce PNK's equity cushion as
Penn National, another asset light gaming operator with a triple
net lease, trades at a discount relative to its regional gaming
peers.  Therefore, the PNK OpCo's pro forma unadjusted leverage is
not comparable to other gaming companies with assets.

Fitch estimates PNK's pro forma leverage and lease adjusted
leverage at 4.6x and 6.6x, respectively, and run-rate FCF at
around $70 million (about 6% of pro forma debt).  These estimates
incorporate these assumptions which are inherently subjective and
take into account Penn National's experience:

   -- Lease set so that PNK's rent coverage is 1.8x;
   -- $80 million of pro forma corporate expense at the PNK OpCo;
   -- 7.5% average cost of debt at the PNK OpCo;
   -- $300 million of debt paydown at PNK before the spin-off
      through FCF;
   -- $1 billion equity issuance used to repay debt after paying
      transaction costs (assumed at $220 million);
   -- 6x leverage and $50 million of corporate expense at the
      PropCo REIT;
   -- The estimates do not take into account the potential for
      pressure on PNK's EBITDA stemming from the competition in
      Lake Charles or additional weakness in other markets.

Fitch's estimates are consistent with a downgrade of PNK's IDR to
'B' from 'B+'; however, the affirmation accompanied by a Negative
Outlook reflects the long time frame to the execution of the spin-
off.  This timeframe may allow for stabilization of regional
gaming trends in PNK's markets and greater debt paydown than is
now anticipated by Fitch.  Also there is great uncertainty around
the ultimate pro forma capital structure providing potential
significant upside and downside from Fitch's estimates.

RATING SENSITIVITIES

Negative: Future developments that may, individually or
collectively, lead to negative rating action include:

   -- Continued gaming revenue declines across PNK's markets;
   -- Pro forma lease adjusted leverage being above 6x;
   -- Pro forma FCF run rate being below $150 million (potential
      for lower threshold if accompanied by improving operating
      environment).

Positive: No positive rating action is expected in the near term;
however, a revision of the Outlook to Stable may result from:

   -- PNK cancels the spin-off possibly due to an inability to
      obtain a PLR from IRS or market conditions;
   -- Stabilization of gaming revenues across PNK's markets;
   -- Pro forma lease adjusted leverage being 6x or below;
   -- Pro forma FCF run rate being above $150 million (potential
      for lower threshold if accompanied by improving operating
      environment).

Fitch has affirmed PNK's ratings:

   -- IDR at 'B+'; Outlook Negative;
   -- Senior secured credit facility at 'BB+/RR1';
   -- Senior unsecured notes at 'BB-/RR3';
   -- Subordinated notes at 'B-/RR6'.


POLONIA DEVELOPMENT: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Polonia Development & Preservation Services Co., LLC
        38-11 Ditmars Blvd. Suite 304
        Astoria, NY 11105

Case No.: 14-45726

Chapter 11 Petition Date: November 10, 2014

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

Judge: Hon. Carla E. Craig

Debtor's Counsel: Barry D Haberman, Esq.
                  254 South Main Street, #404
                  New City, NY 10956
                  Tel: 845-638-4294
                  Fax: 845-638-6080
                  Email: bdhlaw@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gerardo Sanchez, manager.

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


PRESIDENTIAL REALTY: N. Jekogian Owns 40% of Class A Shares
-----------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Nickolas W. Jekogian, Jr., trustee of the BBJ
Irrevocable Family Trust, disclosed that as of Oct. 27, 2014, he
beneficially owned of 177,013 shares of Class A Common Stock of
the Company which comprises 40% of the issued and outstanding
Class A Common Stock.  The Reporting Person is the beneficial
owner of 125,000 shares of Class B Common Stock of the Company
which comprises 3.3% of the issued and outstanding Class B Common
Stock.

The 125,000 shares of Class B Common Stock acquired by the Trust
were acquired as of Oct. 27, 2014, at an aggregate purchase price
of $151,250.  The shares were acquired in a private transaction
between the Trust and the stockholder owning such shares.

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

                        http://is.gd/pCfDpA

                     About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, is engaged
principally in the ownership of income-producing real estate and
in the holding of notes and mortgages secured by real estate or
interests in real estate.  On Jan. 20, 2011, Presidential
stockholders approved a plan of liquidation, which provides for
the sale of all of the Company's assets over time and the
distribution of the net proceeds of sale to the stockholders after
satisfaction of the Company's liabilities.

Presidential Realty reported net income of $2.47 million on
$846,878 of total revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $2.33 million on $779,547 of total
revenues in 2012.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has suffered recurring losses from
operations and has a working capital deficiency.  These factors
raise substantial doubt about its ability to continue as a going
concern.


QUANTUM CORP: Posts Net Income of $1.2 Million in Second Quarter
----------------------------------------------------------------
Quantum Corp. reported net income of $1.24 million on $135.10
million of total revenue for the three months ended Sept. 30,
2014, compared to a net loss of $7.89 million on $131.47 million
of total revenue for the same period in 2013.

For the six months ended Sept. 30, 2014, the Company reported a
net loss of $3.07 million on $263.23 million of total revenue
compared to a net loss of $4.61 million on $279.32 million of
total revenue for the same period during the prior year.

As of Sept. 30, 2014, the Company had $354.18 million in total
assets, $440.38 million in total liabilities and a $86.20 million
stockholders' deficit.

"Our positive second quarter results reflect the improvements
we've made in our financial model and the increased leverage it
provides as we capitalize on the market momentum we're seeing
across our business," said Jon Gacek, president and CEO of
Quantum.  "In scale-out storage, we are driving significant growth
through our unique combination of industry-leading performance and
policy-driven tiering software, which is ideally suited to meeting
customers' evolving workflow needs.  In data protection, we are
taking advantage of growth and profit opportunities with a more
efficient, integrated solutions approach that leverages our best-
in-class disk and tape technologies to help organizations meet new
backup and archive requirements.

"As we begin the second half of the fiscal year, we are well-
positioned to build on this market momentum and the power of our
scale-out storage and data protection portfolios to deliver
greater growth, profit and shareholder value."

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

                        http://is.gd/zHBpbe

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

                        http://is.gd/p3oqyb

                        About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.

Quantum Corporation incurred a net loss of $21.47 million on
$553.16 million of total revenue for the year ended March 31,
2014, as compared with a net loss of $52.17 million on $587.43
million of total revenue for the year ended March 31, 2013.


QUANTUM FUEL: Incurs $5.2 Million Net Loss in Third Quarter
-----------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., filed with the
U.S. Securities and Exchange Commission its quarterly report on
Form 10-Q disclosing a net loss of $5.20 million on $6.61 million
of revenue for the three months ended Sept. 30, 2014, compared to
a net loss of $5.53 million on $8.69 million of revenue for the
same period last year.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $10.63 million on $21.10 million of revenue compared
to a net loss of $17 million on $19.18 million of revenue for the
same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed $68.71
million in total assets, $40.88 million in total liabilities and
$27.82 million in total stockholders' equity.

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

                       http://is.gd/EG80UQ

                       About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel reported a net loss attributable to stockholders of
$23.04 million in 2013, a net loss attributable to stockholders of
$30.91 million in 2012 and a net loss attributable to common
stockholders of $38.49 million in 2011.


QUEEN ELIZABETH: Margaret Wu Wants Trustee Appointed or Conversion
------------------------------------------------------------------
Party-in-interest Margaret Wu's counsel submitted proposed
findings of fact and conclusions of law in support of her motion
for an order appointing a Chapter 11 trustee in the case of Queen
Elizabeth Realty Corp., or in the alternative, converting it to
one under Chapter 7.

Lawrence F. Morrison, Esq., avers that relief is appropriate
because, among other things:

   1. the Debtor failed to timely file monthly operating reports;

   2. the Debtor did not explain transactions with related
parties; and

   3. the appointment of a chapter 11 trustee is in the best
interest of creditors.

Ms. Wu said that if the Court elects not to appoint a Chapter 11
trustee, conversion of the case to one under Chapter 7 is
requested.

Ms. Wu is represented by:

         Lawrence F. Morrison, Esq.
         MORRISON TENENBAUM, PLLC
         87 Walker Street, Floor 2
         New York, NY 10013
         Tel: (212) 620-0938
         Fax: (646) 390-5095
         E-mail: lmorrison@m-t-law.com

               About Queen Elizabeth Realty Corp.

Queen Elizabeth Realty Corp. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 13-12335) on July 17, 2013.  Jeffrey Wu signed
the petition as president.  Judge Stuart M. Bernstein presides
over the case.  Jonathan S. Pasternak, Esq., at Delbello Donnellan
Weingarten Wise & Wiederkehr, LLP, serves as the Debtor's counsel.
The Debtor disclosed $20 million of total assets and $12 million
of total liabilities in its Schedules.  The petition was signed by
Jeffrey Wu, president of QERC and owner of 1/3 of the Debtor's
shares.  Jeffrey Wu and Lewis Wu (brothers of Phillip Wu,
brothers-in-law of Margaret Wu, each own 1/3 of the shares of the
Debtor.


RECYCLE SOLUTIONS: Seeks to Use Regions Bank Cash Collateral
------------------------------------------------------------
Recycle Solutions, Inc., seeks authority from the U.S. Bankruptcy
Court for the Western District of Tennessee, Western Division, to
use the cash collateral consisting of personal property, tangible
and intangible, including inventory, accounts receivable and
general intangibles, and their proceeds, that secure its
prepetition indebtedness from Regions Bank.

The Debtor seeks authority to use cash collateral on an interim
basis to meet operational needs and to pay debts incurred in the
ordinary course of its business.  In return, the Debtor proposes
to grant replacement liens on said cash collateral on an ongoing
basis until a final hearing can be held.

Samuel K. Crocker, the U.S. Trustee for Region 8, objects to the
Debtor's motion to use cash collateral, complaining that it has
not seen any interim or draft order currently being circulated
that would authorize the use of cash collateral.  As to any
interim or final order granting the use of cash collateral, the
U.S. Trustee seeks the inclusion of the following language in the
order:

   * "Nothing in this Order shall be construed as an improvement
     of the value of Regions Bank's pre-petition security or
     security interest as of the date of the filing of the
     petition."

   * "Nothing in this Order shall be construed to be an
     adjudication as to the extent, validity, and priority of
     Regions Bank's pre-petition security or security interest as
     of the date of the filing of the petition."

Recycle Solutions, Inc., a Tennessee-based company that makes $10
million a year from recycling plastic bottles, paper and cans in
the Southeast, sought Chapter 11 bankruptcy protection in its
home-town in Memphis (Bankr. W.D. Tenn. Case No. 14-31338) on Nov.
4, 2014, disclosing assets of $11.5 million against liabilities of
$6.4 million.

The case is assigned to Judge George W. Emerson Jr.  The Debtor is
represented by Steven N. Douglass, Esq., at Harris Shelton Hanover
Walsh, PLLC, in Memphis.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due March 4, 2015.

Recycle Solutions, founded in 2002 in Memphis, TN, is in the
business of recycling and reusing plastic, wood and packaging for
film rolls.  The company claims to be a pioneer in helping leading
corporations develop and implement innovative programs to reduce
their environmental impact.  James Downing, of Arlington,
Tennessee, founder and president, owns 100% of the stock.


RIVERHOUNDS EVENT: Judge Approves Exit Plans for Team, Stadium
--------------------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that
U.S. Bankruptcy Judge Jeffrey Deller has approved bankruptcy-exit
plans for the Pittsburgh Riverhound soccer team and for the 3,500-
seat stadium in the city's South Side.

According to the report, the soccer team will get out of
bankruptcy with a new owner: Terrance "Tuffy" Shallenberger, Jr.,
a local businessman whose construction businesses have profited
from region's natural gas drilling boom.

The cases are In re Riverhounds Event Center LP, 14-bk-21180, and
In re Riverhounds Acquisition Group LP, 14-bk-21181, U.S.
Bankruptcy Court, Western District Pennsylvania (Pittsburgh).  The
Debtors' counsel is John M. Steiner, Esq., and Crystal H.
Thornton-Illar, Esq., at Leech Tishman Fuscaldo & Lampl LLC, in
Pittsburgh, Pennsylvania.  Events listed under $10 million in
assets and Acquisition listed under $1 million in assets.  The
stadium owner reported about $4.5 million and the team reported
about $10.2 million in unsecured debts.


SEARS HOLDINGS: Shares Gain Over Financial Engineering Move
-----------------------------------------------------------
Steven Davidoff Solomon, writing for The New York Times' DealBook,
reported that Sears Holdings' shares gained 31 percent -- more
than $1 billion in value -- on Nov. 7 on the announcement that the
company might engage in a financial engineering by selling 200 to
300 stores to a real estate investment trust.  According to the
DealBook, the stock gain came despite the fact that the company is
on track to lose more than $3 billion in two years.

                            About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.36 billion in 2013, a net
loss of $930 million in 2012 and a net loss of $3.14 billion in
2011.  As of Aug. 2, 2014, Sears Holdings had $16.43 billion in
total assets, $15.51 billion in total liabilities and $919 million
in total equity.

                            *     *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to Caa1 from B3.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year.  The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period. For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year. Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014. "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

Fitch Ratings had downgraded its long-term Issuer Default Ratings
(IDR) on Sears Holdings Corporation (Holdings) and its various
subsidiary entities (collectively, Sears) to 'CC' from 'CCC',
according to a TCR report dated Sept. 12, 2014.


SIRIUS INT'L: Fitch Affirms BB+ Rating on $250MM Shares
-------------------------------------------------------
Fitch Ratings has affirmed with a Stable Outlook the Issuer
Default Ratings (IDRs), debt and Insurer Financial Strength (IFS)
ratings for White Mountains Insurance Group, Ltd. (White
Mountains) and its holding company subsidiaries and
property/casualty insurance and reinsurance subsidiaries. This
group includes OneBeacon Insurance Group, Ltd.'s (OneBeacon; 75.3%
ownership by White Mountains) ongoing U.S. insurance subsidiaries
and Sirius International Insurance Group, Ltd.'s subsidiaries
(Sirius Group; 100% ownership by White Mountains).

Fitch has also maintained the 'A' IFS ratings of the runoff
operating subsidiaries of OneBeacon on Rating Watch Negative
pending the close of the sale of OneBeacon's runoff business and
several entities to Armour Group Holdings Limited (Armour),
announced in Oct. 2012.

KEY RATING DRIVERS

Fitch's Negative Watch on OneBeacon's runoff operating
subsidiaries reflects the planned reduction in capital levels of
the targeted runoff companies at the time of closing to just above
regulatory minimums, at an NAIC risk-based capital (RBC) ratio
(company action level) of 100%.  Assuming the acquisition is
completed as currently envisioned, Fitch would expect to downgrade
the IFS ratings of the runoff entities to no higher than 'BB+'
upon the sale to Armour, based on the weakened capital levels
(Fitch does not rate Armour).

Fitch expects that OneBeacon will retain a willingness and ability
to provide reasonable support to the runoff entities up until the
close of the sale, currently targeted for year-end 2014, subject
to regulatory approvals.  Fitch will continue to review the
progress of the transaction during the closing period.  However,
assuming no material changes to the credit of the runoff entities
being sold, Fitch may not take any additional rating action prior
to the closing.

As of year-end 2013, OneBeacon Insurance Company, the lead
insurance company being sold to Armour, had an NAIC RBC ratio
(company action level) of 263%, up from 211% at year-end 2012.
Fitch expects the runoff entities to maintain an NAIC RBC ratio
(company action level) of at least 200% prior to the planned
capital reduction at the time of closing.

Fitch's rating rationale for the affirmation of White Mountains'
ratings reflects the company's low financial and operating
leverage, opportunistic business approach, platform of
property/casualty specialty insurance and global reinsurance, and
favorable financial flexibility.  The ratings also reflect Fitch's
current negative sector outlook on global reinsurance, as the
fundamentals of the reinsurance sector have deteriorated with
declining premium pricing and weakening of terms and conditions
across a wide range of lines.

White Mountains posted net income of $243 million through the
first nine months of 2014, improved from $204 million for the
comparable prior year period.  The company's annualized return on
common equity was 8.2% for the first nine months of 2014, compared
to 8.4% for full-year 2013, with limited catastrophe losses and
positive investment results.

OneBeacon posted favorable GAAP combined ratios of 94% for the
first nine months of 2014 and 92% for full-year 2013.  Sirius
Group posted a favorable GAAP combined ratio of 78% for the first
nine months of 2014, which included only 4 points for catastrophe
losses, mainly due to storms and floods in Europe and hurricane
Odile.  This is improved from 82% for 2013, which had 10 points of
catastrophe losses due to floods in Central Europe and hail storms
in Germany and France.

White Mountains' financial leverage ratio continues to be modest
at 13.1% at Sept. 30, 2014, down slightly from 13.2% at Dec. 31,
2013.  GAAP operating earnings-based interest expense and
preferred dividend coverage (excluding net gains and losses on
investments) has been weak in recent years, averaging a low 2.9x
from 2009-2013 as operating earnings at OneBeacon and Sirius have
been offset by losses at start-up municipal bond insurer Build
America Mutual (which are allocated to non-controlling interest)
and in other operations, including White Mountains Life Re runoff
business. Earnings coverage was 2.7x through the first nine months
of 2014 and 4.3x in 2013.

Fitch believes that White Mountains utilizes a reasonable amount
of operating leverage comparable to (re)insurer peers, with net
premiums written to (re)insurance segment equity of approximately
0.7x for 2013.  Total GAAP shareholders' equity increased 2%
through the first nine months of 2014 to $4.5 billion at Sept. 30,
2014, from favorable net income with increased unrealized
investment gains, partially offset by foreign currency losses,
dividends and share repurchases.

RATING SENSITIVITIES

Key rating triggers that could lead to an upgrade include
improvement in operating results in line with higher-rated peers,
overall flat to favorable loss reserve development, financial
leverage ratio maintained below 20%, run rate operating earnings-
based interest and preferred dividend coverage of at least 8x,
continued strong capitalization of the insurance subsidiaries, and
increased stability in longer term strategic operations and
results.

Key rating triggers that could lead to a downgrade include
significant adverse loss reserve development, future earnings that
are significantly below industry levels, sizable deterioration in
insurance subsidiary capitalization that caused total company net
written premiums to (re)insurance segment GAAP equity to exceed
1.0x, financial leverage ratio maintained above 30%, run rate
operating earnings-based interest and preferred dividend coverage
of less than 5x, and additional A&E losses for OneBeacon
significantly above the remaining $198 million available limit
under the $2.5 billion National Indemnity Company cover.

Fitch affirms these ratings with a Stable Outlook:

White Mountains Insurance Group, Ltd.

   -- IDR at 'BBB+'.

OneBeacon U.S. Holdings, Inc.

   -- IDR at 'BBB+';
   -- $275 million 4.6% due Nov. 9, 2022 at 'BBB'.

Sirius International Group, Ltd.

   -- IDR at 'BBB+';
   -- $400 million 6.375% due March 20, 2017 at 'BBB';
   -- $250 million perpetual non-cumulative preference shares at
      'BB+'.

OneBeacon ongoing U.S. insurance subsidiaries:

Atlantic Specialty Insurance Company
Homeland Insurance Company of New York
Homeland Insurance Company of Delaware
OBI National Insurance Company
   -- IFS at 'A'.

Sirius International Insurance Corporation
Sirius America Insurance Company
   -- IFS at 'A'.

Fitch has maintained its Rating Watch Negative on these ratings:

OneBeacon Insurance Company
OneBeacon America Insurance Company
Employers' Fire Insurance Company (The)
   -- IFS 'A'.


SISTER 2 SISTER: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Sister 2 Sister, Inc.
        2008 Enterprise Road
        Bowie, MD 20721

Case No.: 14-27263

Chapter 11 Petition Date: November 10, 2014

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

Judge: Hon. Paul Mannes

Debtor's Counsel: Terry Morris, Esq.
                  MORRIS PALERM, LLC
                  416 Hungerford Drive, Suite 315
                  Rockville, MD 20850
                  Tel: 301-424-6290
                  Fax: 301-424-6294
                  Email: tmorris@morrispalerm.com

Total Assets: $282,563

Total Liabilities: $1.50 million

The petition was signed by Jamesetta Brown, majority shareholder.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mdb14-27263.pdf


SUN BANCORP: Registers 1.3 Million Shares for Resale
----------------------------------------------------
Sun Bancorp, Inc., filed with the U.S. Securities and Exchange
Commission a Form S-3 registration statement relating to the offer
and sale by Bridge Equities III, LLC, Endeavour Regional Bank
Opportunities Fund LP, Iron Road Multi Strategy Fund LP, et al.,
of up to 1,133,144 shares of common stock of the Company.

The Company will not receive any of the proceeds from the sale of
any shares of common stock by the Selling Stockholders, but the
Company will incur expenses in connection with the registration of
these shares.

The Company's common stock is listed and traded on the NASDAQ
Global Select Market under the symbol "SNBC."  The last reported
sale price on Oct. 27, 2014, was $17.95 per share.

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

                         http://is.gd/M0nJSb

                          About Sun Bancorp

Sun Bancorp, Inc. (NASDAQ: SNBC) is a bank holding company
headquartered in Vineland, New Jersey, with its executive offices
located in Mt. Laurel, New Jersey.  Its primary subsidiary is Sun
National Bank, a full service commercial bank serving customers
through more than 60 locations in New Jersey.

On April 15, 2010, Sun National Bank entered into a written
agreement with the OCC which contained requirements to develop and
implement a profitability and capital plan which provides for the
maintenance of adequate capital to support the Bank's risk profile
in the current economic environment.

Sun Bancorp reported a net loss available to common shareholders
of $9.94 million in 2013, a net loss available to common
shareholders of $50.49 million in 2012, and a net loss available
to common shareholders of $67.50 million in 2011.

As of Sept. 30, 2014, the Company had $2.81 billion in total
assets, $2.57 billion in total liabilities and $247.04 million in
total shareholders' equity.


SOLAR POWER: Unit Plans to Acquire All-Zip Roofing
--------------------------------------------------
The wholly owned subsidiary of Solar Power, Inc., Xinwei Solar
Power Engineering (Suzhou) Co., Ltd., a company incorporated under
the laws of the People's Republic of China, entered into a share
purchase framework agreement with All-Zip Roofing and its
shareholders for the acquisition of the 100% equity interest in
Shanghai All-Zip Metal Roofing System Co., Ltd., a company
incorporated under the laws of the People's Republic of China.
The Sellers include two individuals, Zhong Junhao and Li Jin, and
five private equity investors, Tong Ling Hong Xin Ling Xiang
Investment Partnership, Shanghai Yi Ju Sheng Yuan Investment
Center, Shanghai NineCity Investment Holding (Group) Ltd.,
Shanghai Yi Ju Sheng Quan Equity Investment Center, and Shanghai
Panshi Investment Co., Ltd.

Subject to the terms and conditions of the Share Purchase
Framework Agreement, (i) Xinwei Solar contemplates to acquire All-
Zip Roofing for an aggregate purchase price of 11 times the
earnings of All-Zip Roofing, based on its audited financial
statements for the year of 2014, (ii) consideration for the
Acquisition shall consist entirely of the Company's ordinary
shares valued at a price of US$2.38 per share, (iii) certain
restructuring steps of All-Zip's shareholding structure shall be
completed and (iv) the closing date of the Acquisition shall occur
within 10 working days after the date that Xinwei Solar and the
Sellers confirm that all closing conditions are fulfilled.

                          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.


SUPERVALU INC: Moody's Raises Corporate Family Rating to B1
-----------------------------------------------------------
Moody's Investors Service upgraded SUPERVALU Inc.'s corporate
family rating to B1 from B2 and upgraded the company's probability
of default rating to B1-PD from B2-PD. Moody's also upgraded the
rating of the company's $1.5 billion senior secured term loan
maturing 2019 to Ba3 from B1, upgraded the rating of the company's
$628 million senior unsecured notes maturing 2016 and the
company's $400 million senior unsecured notes maturing 2021 to B3
from Caa1. In addition, Moody's assigned a B3 rating to the
company's proposed $350 senior unsecured notes maturing 2022. The
proceeds from the new notes will be used to redeem and retire a
portion of the senior unsecured notes due 2016. Moody's also
affirmed SUPERVALU's speculative grade liquidity rating of SGL-1.
The outlook is stable.

Ratings Rationale

"The initiatives undertaken by new management in the last year
continue to be successful in improving the company's operating
performance resulting in a stronger credit profile", Moody's
Senior Analyst Mickey Chadha stated. "The refinancing of a portion
of the unsecured notes maturing in 2016 and the amendments to the
term loan and ABL revolving credit facility eliminating the
springing maturity provision and lowering the cost of debt
enhances the company's liquidity and is also a credit positive",
Chadha further stated.

The B1 Corporate Family Rating is supported by SUPERVALU's very
good liquidity, its overall size in food distribution and
retailing and the potential for improved profitability and growth
in the long term through leveraging fixed costs of the
distribution operation and catering to a growing segment of
thrifty consumers through the growing Save-A-Lot segment. Although
SUPERVALU's leverage is high it has improved and Moody's expect it
to continue to decline - debt/EBITDA (as adjusted by Moody's) is
expected to be below 5.0 times in the next 12-18 months. The
rating continues to reflect the challenges associated with the
growth of the company's independent business which accounts for
about half the company's top line and has experienced a revenue
decline due to lower sales to the military and the loss of
existing accounts. The rating also incorporates the potential of a
negative impact on profitability due to the company's Transition
Services Agreements (TSA's) with Albertson's LLC and New
Albertson's, Inc. not being extended beyond its extended term
which ends in September 2016 if cost cuts do not result in
offsetting the elimination of a meaningful revenue stream provided
by the TSA's. The weak economic environment and strong competition
from alternative food retailers could also continue to weigh on
consumer spending behavior and pressure pricing and margins.

The following ratings are upgraded:

  Corporate Family Rating to B1 from B2

  Probability of Default Rating to B1-PD from B2-PD

  $1.5 billion senior secured term loan maturing 2019 to Ba3
  (LGD3) from B1 (LGD3)

  $628 million senior unsecured notes maturing 2016 to B3 (LGD5)
  from Caa1 (LGD5)

  $400 million senior unsecured notes maturing 2021 to B3 (LGD5)
  from Caa1 (LGD5)

The following ratings are assigned:

  Proposed $350 million senior unsecured notes maturing 2022 at
  B3 (LGD5)

The following ratings are affirmed:

  Speculative grade liquidity rating at SGL-1

SUPERVALU's stable rating outlook reflects Moody's expectation
that new management's strategic initiatives will continue to
improve SUPERVALU's profitability and credit metrics in the next
12-18 months.

Ratings could be upgraded if the company's operating performance
continues to improve and the momentum in earnings growth and
identical store sales is sustained with no deterioration in
liquidity. A ratings upgrade will also require sustained
debt/EBITDA below 4.25 times and sustained EBITA/interest over 2.5
times.

Ratings could be downgraded if revenues, margins or profitability
erode or operational missteps result in a weakening of the
liquidity or business profile. Ratings could also be downgraded if
there is evidence of deterioration in SUPERVALU's market position
as demonstrated by sustained decline in identical store sales and
margins. A downgrade could also occur if debt/EBITDA is sustained
above 5.25 times or EBITA/interest is sustained below 1.75 times.

SUPERVALU Inc., is headquartered in Eden Prairie, Minnesota and
has about 1,530 stores, including 1,334 Save-A-Lot stores of which
approximately 915 are licensed to third party-operators. SUPERVALU
also has a food distribution business serving as the primary
grocery supplier to over 1,800 independent retail customers in
addition to its own stores. The company reported annual sales of
approximately $17 billion. Symphony Investors LLC , an affiliate
of a consortium led by Cerberus owns 21.2% of SUPERVALU.

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


SUPERVALU INC: S&P Rates Proposed Senior Unsecured Notes 'B-'
-------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B-' issue-level
and '6' recovery ratings to Eden Prairie, Minn.-based SUPERVALU
Inc.'s proposed senior unsecured notes due 2022.  The '6' recovery
rating indicates S&P's expectation for negligible (0% to 10%)
recovery in the event of payment default.  The net proceeds from
the offering will help fund a redemption of the company's 8%
senior notes due 2016.  S&P expects the transaction to be
leverage-neutral and not have a material impact on cash flows, but
it does address the near-term refinancing needs.

The 'B+' corporate credit rating on SUPERVALU reflects the
intensely competitive nature of the food wholesaling and retailing
businesses, but S&P notes the company's operations have
stabilized.  The rating also incorporates S&P's forecast of
relatively stable credit ratios, with debt to EBITDA in the low-4x
area and funds from operations to total debt in the low- to mid-
teens range.

RATINGS LIST

SUPERVALU Inc.
Senior Unsecured
  US$0 mil nts due 12/31/2022
   Local Currency               B-
   Recovery Rating              6


TEXOMA PEANUT: Proposes Crowe & Dunlevy as Bankruptcy Counsel
-------------------------------------------------------------
Texoma Peanut Company and its debtor-subsidiaries seek approval
from the Bankruptcy Court to hire Crowe & Dunlevy as general
bankruptcy and litigation counsel.

Crowe & Dunlevy was established in 1902 and is one of the largest
law firms in Oklahoma.  Crowe & Dunlevy maintains a substantial
bankruptcy practice and has served as counsel to debtors and
creditors in a number of large bankruptcy cases filed in Oklahoma.

Mark A. Craige will serve as lead counsel for Debtors in the
Chapter 11 cases.  Mr. Craige has practiced bankruptcy law for
more than 30 years and is listed in The Best Lawyers in America
and Oklahoma Super Lawyers.  Attorneys who may assist Mr. Craige
include William H. Hoch and Michael R. Pacewicz.

The present billing rates for attorneys expected to assist in
representation of the Debtors range from $200 to $350 per hour.
Mr. Craige's hourly rate is $350; Mr. Hoch's is $325 and Mr.
Pacewicz's is $300.  Other attorneys who may provide services to
the Debtors are Madeline Witterholt ($315 per hour), Christopher
Staine ($210), Lysbeth George ($210) and Allison Osborn ($200).
In addition, the firm may utilize the services of one or more
legal assistants, whose hourly rates range from $135 to $197.50.

The Debtors have agreed to pay Crowe & Dunlevy a $100,000
postpetition retainer to be held in trust by Crowe & Dunlevy and
segregated from all other funds of the Debtors.

The Debtors believe that Crowe & Dunlevy does not hold or
represent any interest adverse to Debtors or their estates, and
that Crowe & Dunlevy is a "disinterested person" as defined in 11
U.S.C. Sec. 101(14).

                        About Texoma Peanut

Texoma Peanut Company was incorporated by Clint Williams in 1961
as a Southern Okalhoma bulk peanut drying, handling and storage
operation, buying and storing peanuts for shellers.  In 1968, The
Clint Williams Company was established as a sheller and processor
of peanuts for both seed and edible markets.  Although The Clint
Williams Company was later merged into TPC, the company continues
to do its processed peanut business under the "Clint Williams
Company" name which is the name known best in the domestic and
international peanut industry.  TPC and its subsidiaries own 15
buying points and storage facilities -- 4 in Oklahoma, 9 in Texas,
and 2 in Mississippi.  TPC owns 99% of Clint Williams Company-
Western Division LLC and 100%of Clint-Co Peanut Company.

TPC and two subsidiaries sought Chapter 11 bankruptcy protection
(Bankr. E.D. Okla. Lead Case No. 14-81334) in Okmulgee, Oklahoma,
on Nov. 6, 2014.  The cases are assigned to Judge Tom R. Cornish.
The judge has granted joint administration of the Chapter 11
cases.

According to the docket, the Debtors' Chapter 11 plan and
disclosure statement are due March 6, 2015.  Creditors who are
governmental entities have until May 9, 2015, to file claims.

The Debtors have tapped Crowe & Dunlevy, as counsel and Dixon
Hughes Goodman as bankruptcy accountants.

The Debtors say they have $49 million in assets.  Secured debt
includes $3.45 million owed to Wells Fargo Bank, N.A., and $2.33
million owed to Wells Fargo Equipment Finance.


TEXOMA PEANUT: Proposes DHG as Bankruptcy Accountants
-----------------------------------------------------
Texoma Peanut Company and its debtor-subsidiaries seek approval
from the Bankruptcy Court to employ Dixon Hughes Goodman,
Certified Public Accountants and Advisors ("DHG"), as bankruptcy
accountants.

Debtors have agreed to compensate DHG at its regular hourly rates,
plus DHG's actual and necessary expenses.  The rates for the DHG
professionals who may provide services to the Debtors range from
$120 per hour for an associate to $400 per hour for a partner.

Founded more than 80 years ago, DHG employs 1,800 people in 12
states and is the nation's sixteenth largest public accounting
firm.  DHG has served as Texoma's accountants for more than 30
years.

Larry Evans, a partner with the firm, attests that DHG does not
hold or represent an interest adverse to the Debtors' estates and
is a "disinterested person", as that term is defined in 11 U.S.C.
Sec. 101(14) and modified by Sec. 1107(b), with respect to the
matters for which it is to be retained.


TRONOX INC: Judge Approves Anadarko's $5.15B Enviro Settlement
--------------------------------------------------------------
Joseph Checkler, writing for Daily Bankruptcy Review, reported
that U.S. District Judge Katherine B. Forrest in Manhattan
approved Anadarko Petroleum Corp.'s $5.15 billion settlement over
its ill-fated acquisition of Tronox Inc., the final major hurdle
in the federal government's largest environmental settlement ever.

As previously reported by The Troubled Company Reporter, the
bankruptcy judge, in May, approved Anadarko's $5.15 billion
settlement of fraud claims from its 2006 acquisition of Tronox.
The report said the settlement is the largest environmental
settlement ever won by the U.S. government.

Most of the settlement's proceeds, about $4.5 billion, are
earmarked for cleaning up thousands of sites around the country
contaminated by creosote and uranium debris, while the rest will
pay for legal claims filed by people who got sick from the
pollution.

According to the report, Judge Forrest said Tronox's bankruptcy
judge was correct earlier this year when he signed off on the
deal.  Approval from the two judges was necessary for the
settlement to be completed, the report noted.



                         About Tronox Inc.

Tronox Inc., aka New-Co Chemical, Inc., and 14 other affiliates
filed for Chapter 11 protection (Bankr. S.D.N.Y. Case No.
09-10156) on Jan. 13, 2009, before Hon. Allan L. Gropper.  Richard
M. Cieri, Esq., Jonathan S. Henes, Esq., and Colin M. Adams, Esq.,
at Kirkland & Ellis LLP in New York, represented the Debtors.  The
Debtors also tapped Togut, Segal & Segal LLP as conflicts counsel;
Rothschild Inc. as investment bankers; Alvarez & Marsal North
America LLC, as restructuring consultants; and Kurtzman Carson
Consultants served as notice and claims agent.

An official committee of unsecured creditors and an official
committee of equity security holders were appointed in the cases.
The Creditors Committee retained Paul, Weiss, Rifkind, Wharton &
Garrison LLP as counsel.

Until Sept. 30, 2008, Tronox was publicly traded on the New
York Stock Exchange under the symbols TRX and TRX.B.  Since then,
Tronox has traded on the Over the Counter Bulletin Board under the
symbols TROX.A.PK and TROX.B.PK.  As of Dec. 31, 2008, Tronox
had 19,107,367 outstanding shares of class A common stock and
22,889,431 outstanding shares of class B common stock.

On Nov. 17, 2010, the Bankruptcy Court confirmed the Debtors'
First Amended Joint Plan of Reorganization under Chapter 11 of the
Bankruptcy Code, dated Nov. 5, 2010.  Under the Plan, Tronox
reorganized around its existing operating businesses, including
its facilities at Oklahoma City, Oklahoma; Hamilton, Mississippi;
Henderson, Nevada; Botlek, The Netherlands and Kwinana, Australia.


TRUMP ENTERTAINMENT: Atlantic City Seeks Sale of Casino's Tax Bill
------------------------------------------------------------------
Sara Randazzo, writing for Daily Bankruptcy Review, reported that
New Jersey's Atlantic City, struggling to meet its annual budget
after the closure of four boardwalk casinos this year, is asking a
bankruptcy court for the second time in recent months to allow the
city to sell a tax lien from a delinquent gambling operation.

According to the report, attorneys for Atlantic City asked the
U.S. Bankruptcy Court in Wilmington, Del., to lift the automatic
stay in Trump Entertainment's bankruptcy case in order for the
city to sell a lien on what they say is approximately $22 million
in unpaid property taxes from Trump Entertainment Resorts Inc.'s
two casinos.

                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.


U.S. COAL: Wins Approval to Reject Kolmar Contract
--------------------------------------------------
U.S. Coal Corporation has won the Bankruptcy Court's approval to
reject an executory contract with Kolmar Americas, Inc.  U.S. Coal
is terminating its Operating Partner Agreement @ Cyrus River
Terminal with Kolmar Americas, which was entered into in or about
November 2013.

Pursuant to the Bar Date Order, any entity holding a claim
relating to U.S. Coal's rejection of the Executory Contract must
file a proof of claim with respect to such claim in accordance
with the procedures described in the Bar Date Order by the later
of: (a) the General Bar Date of Oct. 8, 2014, or the Government
Bar Date of Wednesday, Dec. 24, 2014 at 5:00 p.m. (ET), as
applicable; and (b) 30 days after the date of entry of the
Rejection Order.  The Rejection Order was entered Oct. 27, 2014.

Judge Tracey N. Wise denied in part and granted in part a motion
by U.S. Coal Corp. to file exhibits under seal.

U.S. Coal's request in the Motion that it be authorized to file
the Operating Partner Agreement @ Cyrus River Terminal was denied.

Pursuant to 11 U.S.C. Sec. 107(b) and Fed. R. Bankr. P. 9018, U.S.
Coal's request in the Motion to file that certain Kolmar and
Castleton Storage and Services Agreement that Kolmar Americas,
Inc. and CCI Cyrus River Terminal, LLC entered into in or about
November 2013 under seal was granted.

                          Protective Order

Meanwhile, the Court has approved a stipulation reached by the
Official Committee of Unsecured Creditors, and parties East Coast
Miner LLC, East Coast Miner II LLC, Keith Goggin, Michael Goodwin,
CAMOFI Master LDC, CAMHZN Master, LDC, Centrecourt Asset
Management LLC, and Pryor Cashman LLP, for the entry of a
protective order governing the handling of all documents,
depositions, deposition exhibits and any other written, recorded
or graphic material provided by and between the parties in
connection with the Chapter 11 cases.  A copy of the document is
available for free at:

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

East Coast Miner is represented by:

         Michael Luskin, Esq.
         Richard Stern, Esq.
         Alex Talesnick, Esq.
         LUSKIN, STERN & EISLER LLP
         Eleven Times Square
         New York, NY 10036
         Tel: (212) 597-8235
         Fax: (212) 974-3205
         E-mail: luskin@lsellp.com
                 stern@lsellp.com
                 talesnick@lsellp.com

                About U.S. Coal and Licking River

On May 22, 2014, an involuntary Chapter 11 petition was filed
against Licking River Mining, LLC, before the United States
Bankruptcy Court for the Eastern District of Kentucky.  On May 23,
2014, an involuntary Chapter 11 petition was filed against Licking
River Resources, Inc. and Fox Knob Coal., Inc.  On June 3, 2014,
an involuntary Chapter 11 petition was filed against S.M. & J.,
Inc. On June 4, 2014, an involuntary Chapter 11 petition was filed
against J.A.D. Coal Company, Inc.  On June 12, 2014, the Court
entered an order for relief in each of the bankruptcy cases.

On June 10, 2014, an involuntary Chapter 11 petition was filed
against U.S. Coal Corporation.  On June 27, 2014, the Court
entered an order for relief in U.S. Coal's bankruptcy case.

On Nov. 4, 2014, Harlan County Mining, LLC, Oak Hill Coal, Inc.,
Sandlick Coal Company, LLC, and U.S. Coal Marketing, LLC, filed
petitions in the United States Bankruptcy Court for the Eastern
District of Kentucky seeking relief under chapter 11 of the United
States Bankruptcy Code.  The Debtors' cases have been assigned to
Chief Judge Tracey N. Wise.  The Debtors are seeking to have their
cases jointly administered for procedural purposes, meaning that
upon entry of such an order all pleadings will be maintained on
the case docket for Licking River Mining, LLC, Case No. 14-10201.

U.S. Coal produces and sells thermal coal purchased primarily by
utilities and trading companies and specialty coal purchased by
various industrial customers and trading companies (known as
"stoker" coal).   U.S. Coal operates through two divisions: (1)
the Licking River Division that was formed through the acquisition
of LR Mining, LRR, and S.M. & J., and Oak Hill Coal, Inc. in
January 2007 for $33 million., and (2) the J.A.D. Division that
was formed through the acquisition of JAD and Fox Knob, and
Sandlick Coal Company, LLC and Harlan County Mining, LLC in April
2008 for $41 million.  Both the LRR Division and the JAD Division
are located in the Central Appalachia region of eastern Kentucky.
The LRR Division has approximately 26.3 million tons of surface
reserves under lease.  The JAD Division has 24.4 million tons of
surface reserves, both leased and owned real property.  At
present, U.S. Coal has three surface mines in operation between
the LRR Division and JAD Division.

The Official Committee of Unsecured Creditors has tapped Barber
Law PLLC and Foley & Lardner as attorneys.


U.S. COAL: Harlan County Mining, 3 Others File Petitions
--------------------------------------------------------
Four additional subsidiaries of U.S. Coal have sought bankruptcy
protection at the behest of the Official Committee of Unsecured
Creditors.

On Sept. 15, 2014, the Creditors Committee filed a motion
requesting, among other things, that the Court compel the Debtors
to file Chapter 11 petitions for Harlan County Mining, LLC, Oak
Hill Coal, Inc., Sandlick Coal Company, LLC, and U.S. Coal
Marketing, LLC (Collectively, the "Additional Debtors"), which are
subsidiaries of U.S. Coal.

On Oct. 27, 2014, the Court entered an order which authorized,
compelled, and directed the Debtors to file Chapter 11 petitions
for the Additional Debtors.  The Committee's request to extend the
automatic stay provisions of section 362 of the Bankruptcy Code to
the Additional Debtors before they file their chapter 11 petitions
was denied.

As a result, the Debtors on Nov. 4 filed Chapter 11 petitions for
the Additional Debtors.

                About U.S. Coal and Licking River

On May 22, 2014, an involuntary Chapter 11 petition was filed
against Licking River Mining, LLC, before the United States
Bankruptcy Court for the Eastern District of Kentucky.  On May 23,
2014, an involuntary Chapter 11 petition was filed against Licking
River Resources, Inc. and Fox Knob Coal., Inc.  On June 3, 2014,
an involuntary Chapter 11 petition was filed against S.M. & J.,
Inc. On June 4, 2014, an involuntary Chapter 11 petition was filed
against J.A.D. Coal Company, Inc.  On June 12, 2014, the Court
entered an order for relief in each of the bankruptcy cases.

On June 10, 2014, an involuntary Chapter 11 petition was filed
against U.S. Coal Corporation.  On June 27, 2014, the Court
entered an order for relief in U.S. Coal's bankruptcy case.

On Nov. 4, 2014, Harlan County Mining, LLC, Oak Hill Coal, Inc.,
Sandlick Coal Company, LLC, and U.S. Coal Marketing, LLC, filed
petitions in the United States Bankruptcy Court for the Eastern
District of Kentucky seeking relief under chapter 11 of the United
States Bankruptcy Code.  The Debtors' cases have been assigned to
Chief Judge Tracey N. Wise.  The Debtors are seeking to have their
cases jointly administered for procedural purposes, meaning that
upon entry of such an order all pleadings will be maintained on
the case docket for Licking River Mining, LLC, Case No. 14-10201.

U.S. Coal produces and sells thermal coal purchased primarily by
utilities and trading companies and specialty coal purchased by
various industrial customers and trading companies (known as
"stoker" coal).   U.S. Coal operates through two divisions: (1)
the Licking River Division that was formed through the acquisition
of LR Mining, LRR, and S.M. & J., and Oak Hill Coal, Inc. in
January 2007 for $33 million., and (2) the J.A.D. Division that
was formed through the acquisition of JAD and Fox Knob, and
Sandlick Coal Company, LLC and Harlan County Mining, LLC in April
2008 for $41 million.  Both the LRR Division and the JAD Division
are located in the Central Appalachia region of eastern Kentucky.
The LRR Division has approximately 26.3 million tons of surface
reserves under lease.  The JAD Division has 24.4 million tons of
surface reserves, both leased and owned real property.  At
present, U.S. Coal has three surface mines in operation between
the LRR Division and JAD Division.

The Official Committee of Unsecured Creditors has tapped Barber
Law PLLC and Foley & Lardner as attorneys.


U.S. COAL: Stites Wants Stay Lifted to Allow AIG Payment
--------------------------------------------------------
Stites & Harbison PLLC is asking the Bankruptcy Court at the
request of AIG Insurance Company, an insurer of debtor Fox Knob
Coal Company, Inc., for relief from the automatic stay pursuant to
11 U.S.C. Sec. 362 (a) for the limited purpose of allowing payment
from AIG for fees and costs related to services rendered by Stites
in defense of Fox Knob in Harlan Circuit Court Civil Action No.
12-CI-500, Brandon Howard v. Fox Knob Coal Company, Inc., now held
in abeyance as a result of the jointly administered bankruptcy of
U.S. Coal, et al.

The services were rendered pursuant to an Employment Practices
Liability Policy with AIG, Claim No. 550-0986666. Fox Knob has
exhausted its deductible of $25,000 under the policy, and the fees
and costs owed to Stites under the Policy Claim are owed by AIG.

Stites understands that if the plaintiff seeks stay relief as to
the Civil Action, Stites will be required to seek an order of
employment from this Court. Unless the automatic stay is lifted to
allow AIG to compensate Stites as AIG is obligated to do under the
Policy Claim, Stites will suffer injury, loss, harm and/or damage.

Stites can be reached at:

         Chrisandrea L. Turner, Esq.
         STITES & HARBISON, PLLC
         250 West Main Street, Suite 2300
         Lexington, KY 40507-1758
         Telephone: (859) 226-2300
         E-mail: clturner@stites.com

                About U.S. Coal and Licking River

On May 22, 2014, an involuntary Chapter 11 petition was filed
against Licking River Mining, LLC, before the United States
Bankruptcy Court for the Eastern District of Kentucky.  On May 23,
2014, an involuntary Chapter 11 petition was filed against Licking
River Resources, Inc. and Fox Knob Coal., Inc.  On June 3, 2014,
an involuntary Chapter 11 petition was filed against S.M. & J.,
Inc. On June 4, 2014, an involuntary Chapter 11 petition was filed
against J.A.D. Coal Company, Inc.  On June 12, 2014, the Court
entered an order for relief in each of the bankruptcy cases.

On June 10, 2014, an involuntary Chapter 11 petition was filed
against U.S. Coal Corporation.  On June 27, 2014, the Court
entered an order for relief in U.S. Coal's bankruptcy case.

On Nov. 4, 2014, Harlan County Mining, LLC, Oak Hill Coal, Inc.,
Sandlick Coal Company, LLC, and U.S. Coal Marketing, LLC, filed
petitions in the United States Bankruptcy Court for the Eastern
District of Kentucky seeking relief under chapter 11 of the United
States Bankruptcy Code.  The Debtors' cases have been assigned to
Chief Judge Tracey N. Wise.  The Debtors are seeking to have their
cases jointly administered for procedural purposes, meaning that
upon entry of such an order all pleadings will be maintained on
the case docket for Licking River Mining, LLC, Case No. 14-10201.

U.S. Coal produces and sells thermal coal purchased primarily by
utilities and trading companies and specialty coal purchased by
various industrial customers and trading companies (known as
"stoker" coal).   U.S. Coal operates through two divisions: (1)
the Licking River Division that was formed through the acquisition
of LR Mining, LRR, and S.M. & J., and Oak Hill Coal, Inc. in
January 2007 for $33 million., and (2) the J.A.D. Division that
was formed through the acquisition of JAD and Fox Knob, and
Sandlick Coal Company, LLC and Harlan County Mining, LLC in April
2008 for $41 million.  Both the LRR Division and the JAD Division
are located in the Central Appalachia region of eastern Kentucky.
The LRR Division has approximately 26.3 million tons of surface
reserves under lease.  The JAD Division has 24.4 million tons of
surface reserves, both leased and owned real property.  At
present, U.S. Coal has three surface mines in operation between
the LRR Division and JAD Division.

The Official Committee of Unsecured Creditors has tapped Barber
Law PLLC and Foley & Lardner as attorneys.


UNITED AMERICAN: Dove Foundation Reports 13.5% Equity Stake
-----------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, The Dove Foundation disclosed that as of
Oct. 28, 2014, it beneficially owned 4,478,647 shares of common
stock of United American Healthcare Corp. representing 13.55
percent of the shares outstanding.  A copy of the regulatory
filing is available at http://is.gd/aG0YTm

                       About United American

Chicago-based United American Healthcare, through its wholly owned
subsidiary Pulse Systems, LLC, provides contract manufacturing
services to the medical device industry, with a focus on precision
laser-cutting capabilities and the processing of thin-wall tubular
metal components, sub-assemblies and implants, primarily in the
cardiovascular market.

The Company disclosed a net loss of $769,000 on $3.23 million of
contract manufacturing revenue for the six months ended Dec. 31,
2013, as compared with net income of $82,000 on $3.83 million of
contract manufacturing revenue for the same period in 2012.

Bravos & Associates, CPA's, in Bloomingdale, Illinois, issued a
"going concern" qualification on the consolidated financial
statements for the year ended June 30, 2013.  The independent
auditors noted that the Company's liabilities and working capital
raise substantial doubt about its ability to continue as a going
concern.

The Company's balance sheet at March 31, 2014, showed $14.95
million in total assets, $13.11 million in total liabilities and
$1.84 million in total shareholders' equity.


VERMONT STUDENT: Fitch Affirms 'B-sf' Rating on Cl. 1998L Bonds
---------------------------------------------------------------
Fitch Ratings has affirmed all the outstanding bonds for Vermont
Student Assistance Corp. -- 1995 Bond Resolution. The Rating
Outlook is Stable. Fitch used its 'Global Structured Finance
Rating Criteria', 'U.S. Private Student Loan ABS Criteria' and
'U.S. FFFELP Student Loan ABS Criteria' to review the transaction.

Key Rating Drivers

Adequate Collateral Quality: The trust is collateralized by
approximately $27.8 million of private student loans and $38.4
million FFELP student loans. The FFELP student loans have
guaranties provided by eligible guarantors and reinsurance
provided by the U.S. Department of Education (ED) for at least 97%
of principal and accrued interest.

For the private student loan, Fitch projects the remaining default
to be in the range of 20% to 23% as a percentage of the current
pool balance. The recovery is estimated to be 10% based on
information provided by the issuer.

Adequate Credit Enhancement (CE): CE is provided by
overcollateralization (OC) and excess spread. Although the total
parity is currently at 111.08%, Fitch only gives credit to the CE
up to the 103% cash release level given additional cash may be
released from the trust. At the release parity level, the CE is
sufficient to maintain its current rating of 'B-sf'.

Satisfactory Servicing Capabilities: Day-to-day servicing is
provided by Vermont Student Assistance Corp. (VSAC). Fitch
believes the servicing operations are acceptable at this time.

Rating Sensitivities

For private student loan ABS, Fitch's base case default proxy is
derived primarily from historical collateral performance; actual
performance may differ from the expected performance, resulting in
higher loss levels than the base case. This will result in a
decline in CE and remaining loss coverage levels available to the
bonds and may make certain bond ratings susceptible to potential
negative rating actions, depending on the extent of the decline in
coverage.

Since FFELP student loan ABS rely on the U.S. government to
reimburse defaults, 'AAAsf' FFELP ABS ratings will likely move in
tandem with the 'AAA' U.S. sovereign rating. Aside from the U.S.
sovereign rating, defaults and basis risk account for the majority
of the risk embedded in FFELP student loan transactions.
Additional defaults and basis shock beyond Fitch's published
stresses could result in future downgrades.

Fitch affirms the following ratings:

Vermont Student Assistance Corp. -- 1995 Resolution Bonds

-- Class 1998L at 'B-sf'; Outlook Stable;
-- Class 2001X at 'B-sf'; Outlook Stable;
-- Class2001Y at 'B-sf'; Outlook Stable;
-- Class 2001AA at 'B-sf'; Outlook Stable;
-- Class2002DD at 'B-sf'; Outlook Stable;
-- Class 2003KK at 'B-sf'; Outlook Stable;
-- Class 2004OO at 'B-sf'; Outlook Stable;
-- Class 2004PP at 'B-sf'; Outlook Stable;
-- Class 2005RR at 'B-sf'; Outlook Stable;
-- Class 2005SS at 'B-sf'; Outlook Stable;
-- Class 2007WW at 'B-sf'; Outlook Stable;
-- Class 2007XX at 'B-sf'; Outlook Stable;
-- Class 2007YY at 'B-sf'; Outlook Stable.


WEST 160 SCRAP: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: West 160 Scrap & Salvage, LLC
        4420 US Highway 160
        West Plains, MO 65775

Case No.: 14-61498

Chapter 11 Petition Date: November 10, 2014

Court: United States Bankruptcy Court
       Western District of Missouri (Springfield)

Judge: Hon. Arthur B. Federman

Debtor's Counsel: Joel Pelofsky, Esq.
                  BERMAN DELEVE KUCHAN & CHAPMAN, LC
                  1100 Main Street, Suite 2850
                  Kansas City, MO 64105
                  Tel: 816-471-5900
                  Fax: 816-842-9955
                  Email: jpelofsky@bdkc.com

                    - and -

                  Ronald S. Weiss, Esq.
                  BERMAN DELEVE KUCHAN & CHAPMAN, LLC
                  2850 City Center Square, 1100 Main
                  Kansas City, MO 64105
                  Tel: (816) 471-5900
                  Fax:(816) 842-9955

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Joe Harris, Jr., manager.

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


WESTMORELAND COAL: Reports Third Quarter 2014 Results
-----------------------------------------------------
Westmoreland Coal Company reported a net loss applicable to common
shareholders of $49.32 million on $337.83 million of revenues for
the three months ended Sept. 30, 2014, compared to net income
applicable to common shareholders of $2.42 million on $176.79
million of revenues for the same period in 2013.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss applicable to common shareholders of $131.98 million on
$805.98 million of revenues compared to a net loss applicable to
common shareholders of $928,000 on $500.73 million of revenues for
the same period during the prior year.

"A cool summer, low power prices and heavy rains impacted our
business during the quarter but we continue to track towards our
annual EBITDA guidance range," said Keith E. Alessi,
Westmoreland's CEO.  "The Canadian integration continues to run
ahead of schedule and we have seen efficiencies across that
operation."

"We are focused on closing the recently announced Oxford
transaction and the associated refinancing of Westmoreland's debt.
We are planning on accomplishing both of these during the fourth
quarter."

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

                        http://is.gd/CATIJZ

                      About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest
independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland Coal incurred a net loss applicable to common
shareholders of $6.05 million in 2013, a net loss
applicable to common shareholders of $8.58 million in 2012 and a
net loss applicable to common shareholders of $34.46 million in
2011.

                           *     *     *

As reported by the TCR on Nov. 6, 2012, Standard & Poor's
Ratings Services raised its corporate credit rating on Englewood,
Co.-based Westmoreland Coal Co. (WLB). to 'B-' from 'CCC+'.

"The upgrade reflects our view that WLB is less vulnerable to
default after successfully negotiating less restrictive covenant
requirements for an unrated $110 million term loan due 2018," said
credit analyst Gayle Bowerman.  "Our assessment of WLB's business
risk profile as 'vulnerable' and financial risk profile as 'highly
leveraged' are unchanged.  We also revised our liquidity score to
'adequate' based on the covenant relief and additional liquidity
provided under the company's new $20 million asset-based loan
(ABL) facility from 'less than adequate'."

Westmoreland Coal carries a Caa1 corporate family rating from
Moody's Investors Service.


WPCS INTERNATIONAL: Fails to Comply With $1 Bid Price Rule
----------------------------------------------------------
WPCS International Incorporated received a letter from the Staff
of the Listing Qualifications Department of NASDAQ indicating that
for the last 30 consecutive business days, the closing bid price
of the Company's common stock has been below $1.00 per share, the
minimum closing bid price required by the continued listing
requirements of NASDAQ, as set forth in Listing Rule 5550(a)(2).

According to a regulatory filing with the U.S. Securities and
Exchange Commission, the Company has been granted 180 calendar
days, or until May 4, 2015, to regain compliance with the Rule.
To regain compliance, the closing bid price of the Company's
common stock must be at least $1.00 per share for a minimum of 10
consecutive business days, but generally no more than 20 business
days, during the Compliance Period.

If the Company does not regain compliance with the Rule by May 4,
2015, NASDAQ will provide written notification to the Company that
its common stock may be delisted.  However, the Company would be
entitled to an additional 180-day period from May 4, 2015, to
regain compliance, if, on May 4, 2015, the Company meets the
continued listing requirement for market value of publicly held
shares and all other initial listing standards for The NASDAQ
Capital Market, with the exception of the bid price requirement,
and the Company would need to provide written notice to NASDAQ of
its intention to cure the deficiency during the second compliance
period by effecting a reverse stock split, if necessary.

The Company said there is no assurance as to the price at which
its common stock will trade.  The Company intends to actively
monitor the bid price for its common stock during the Compliance
Period, and if the common stock continues to trade below the
minimum bid price required for continued listing, the Company's
board of directors will consider its options to regain compliance
with the continued listing requirements.

               About WPCS International Incorporated

WPCS -- http://www.wpcs.com-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

As reported by the TCR on Feb. 7, 2014, WPCS appointed Marcum LLP
as its new independent registered public accounting firm.
CohnReznick LLP resigned on Dec. 20, 2013.

WPCS International incurred a net loss attributable to common
shareholders of $11.16 million for the year ended April 30, 2014,
as compared with a net loss attributable to common shareholders of
$6.91 million for the year ended April 30, 2013.  As of April 30,
2014, the Company had $22.02 million in total assets, $16.05
million in total liabilities and $5.96 million in total equity.

Marcum LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the
year ended April 30, 2014.  The independent auditing firm
noted that the Company has incurred significant losses and needs
to raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


WAVE SYSTEMS: Reports $2.1 Million Net Loss for Third Quarter
-------------------------------------------------------------
Wave Systems Corp. reported a net loss of $2.10 million on $4.33
million of total net revenues for the three months ended Sept. 30,
2014, compared to a net loss of $2.94 million on $6.25 million of
total net revenues for the same period in 2013.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $9.19 million on $14.10 million of total net revenues
compared to a net loss of $16.64 million on $18.78 million of
total net revenues for the same period last year.

The Company's balance sheet at Sept. 30, 2014, showed $10.95
million in total assets, $14.14 million in total liabilities and a
$3.19 million total stockholders' deficit.

Cash and cash equivalents were $4.3 million at Sept. 30, 2014,
compared to $2.1 million at Dec. 31, 2013, and $1.8 million at
Sept. 30, 2013.

"Our revenue and billings remained essentially flat compared to
last quarter," said Bill Solms, Wave's president and CEO.  We had
hoped to see the first signs of increased billings from Wave's
revitalized products, sales and marketing efforts in late Q3, but
based on the positive interest in Wave's new Virtual Smart Card
2.0 and some of our legacy products, I stand by my previously
stated goals.  To attain those goals, we will require strong sales
execution in Q4 and continuing into 2015.  Wave remains committed
to improvement in our sales and marketing execution, and I am
continuing to take appropriate steps toward that end."

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

                       http://is.gd/1mjobE

                        About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products
for hardware-based digital security, including security
applications and services that are complementary to and work with
the specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $20.32 million in 2013, a net
loss of $33.96 million in 2012 and a net loss of $10.79 million in
2011.

KPMG 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
Wave Systems Corp. has suffered recurring losses from operations
and has an accumulated deficit that raise substantial doubt about
its ability to continue as a going concern.


XS CARGO: General Creditors' Meeting Slated for November 20
-----------------------------------------------------------
XS Cargo filed a proposal dated Oct. 29, 2014 with the Trustee
pursuant to the provisions of the Bankruptcy and Insolvency Act in
Canada.  A general meeting of creditors will be held at the Europa
Convention Centre, 7050 Bramalea Road, Mississauga, Ontario, on
Nov. 20, 2014 at 10:00 a.m. to consider and vote on the proposal.

On Nov. 10, 2014, a copy of the proposal, a condensed statement of
the company's assets and liabilities, a list of creditors with
amounts owed of $250 or more, a proof of claim form, a general
proxy and voting letter were sent by the Trustee to all known
creditors of XS Cargo.

To be eligible to participate in the Meeting, creditors must file
a proof of claim form with the Trustee prior to the commencement
of the meeting and creditors who are not attending the meeting in
person and who are entitled to vote on the proposal, or who wish
to designate another party to attend the meeting and vote on their
behalf are required to date, sign and return the general proxy
form to the Trustee.  In the case of a creditor which is a
corporation, a general proxy form designating the individual who
is to attend the meeting on behalf of the corporation, must be
filed before the meeting, in order for such a creditor to
participate in the meeting.

Creditors who have filed a proof of claim and who do not intend to
attend the meeting in person or by general proxy may have their
vote recorded by the Trustee, by completing and returning to the
Trustee a voting letter.

The proof of claim form, general proxy and voting letter intended
to be used at the meeting must be lodged with the Trustee prior to
the commencement of the meeting and should be forwarded to:

   PricewaterhouseCoopers Inc.
   Attention: Sara de Verneuil
   Proposal Trustee of
    XS Cargo Limited Partnership and
    XS Cargo GP Inc.
   PwC Tower, 18 York Street, Suite 2600
   Toronto, ON M5J 0B2
   Tel: 1 (844) 285 7646
   Fax: 1 (416) 814 3219
   Email: cmt_processing@ca.pwc.com

XS Cargo operates a chain of discount retail stores in eight
provinces in Canada.


* Moses & Singer's Daniel Rubin Weighs on IRAs, Bankruptcy Ruling
-----------------------------------------------------------------
Moses & Singer LLP on Nov. 11 disclosed that in June, the Supreme
Court in Clark v. Rameker, No. 13-299 (U.S. 6/12/14) said that
just because funds are held in an account called an individual
retirement account (IRA), it doesn't necessarily mean that they
are retirement funds.  And if they are not retirement funds, they
are not excluded from a bankruptcy estate under Section 522(b)(3)
of the Bankruptcy Code.

Moses & Singer LLP Trusts and Estates partner Daniel S. Rubin
considers the implications of this decision in his article, "Asset
Protection of Retirement Funds after Clark."  Published in the
Journal of Accountancy (Vol. 218, Issue 4, October 2014), the
article examines the implications of the Supreme Court's Clark
decision as well as the treatment of IRAs outside of bankruptcy
under state laws.

Since an inherited IRA is generally not exempt from creditors
either in bankruptcy or outside bankruptcy under the law of most
states, Rubin suggests that a concerned IRA owner should consider
the advantages of designating a trust as the beneficiary in order
to obtain asset protection from creditors for inherited IRAs.

Moses & Singer LLP -- http://www.mosessinger.com-- is a law firm
in NYC and serves the diversified needs of successful businesses,
professionals and families.


* Justice Dept. Seeks Comments on Rule for Uniform Ch 11 Reports
----------------------------------------------------------------
The Department of Justice, through its component, EOUST, has
issued a notice of proposed rulemaking pursuant to Section 602 of
the Bankruptcy Abuse Prevention and Consumer Protection Act of
2005.  The BAPCPA requires the Department to issue rules requiring
uniform periodic reports by debtors in possession or trustees in
cases under Chapter 11 of title 11.  The BAPCPA requires the Rule
to strike the best achievable practical balance between the
reasonable needs of the public for information about the
operational results of the Federal bankruptcy system, undue
burden, and appropriate privacy concerns and safeguards.

Written comments must be postmarked and electronic comments must
be submitted on or before Jan. 9, 2015.  Comments received by mail
will be considered timely if they are postmarked on or before that
date.  The electronic Federal Docket Management System will accept
comments until Midnight Eastern Time at the end of that day.

To ensure proper handling of comments, please reference "Docket
No. EOUST 105" on all electronic and written correspondence.  The
Department encourages that all comments be submitted
electronically through www.regulations.gov using the electronic
comment form provided on that site.  An electronic copy of this
document is also available at the www.regulations.gov Web site for
easy reference.  The proposed Periodic Reports mandated by this
regulation, and their accompanying instructions, may be viewed on
the U.S. Trustee Program's Web site at
http://www.justice.gov/ust/eo/rules_regulations/index.htm. Paper
comments that duplicate the electronic submission are not
necessary as all comments submitted to www.regulations.gov will be
posted for public review and are part of the official docket
record. Written comments to submitted via regular or express mail
should be sent to the EOUST, 441 G Street NW., Suite 6150,
Washington, DC 20530.

More information is available for free at:

          https://federalregister.gov/a/2014-25975


* Unfunded Pension Liabilities Pose Threat to Investors
-------------------------------------------------------
Michael Aneiro at Barron's Asia reports that ballooning pension
costs have been a main cause of several defaults, while pension
claims are now challenging bondholder recoveries in court.  The
report says that Janney Montgomery Scott muni strategist Alan
Schankel calls pension funding "an increasingly urgent issue"
because it's unclear how any courtroom showdowns will get
resolved.

Moody's Investors Service wrote last week that "the disparate
treatment of pension obligations and investor-owned obligations
means that pensions are likely to enjoy better treatment than debt
in California Chapter 9 cases.  This decision sets a precedent for
not cutting pensions while imposing substantial losses on some
investors."

According to Barron's Asia, Matt Fabian of Municipal Market
Advisors noted that in both Stockton and Detroit, "pensions have
been treated as senior to bonded debt," and the cities' actions in
both cases "appear to be based more on practical and political
considerations than on a legal mandate to preserve pensions."

"You can look at some cities and see that five or 10 years from
now they're potentially going to be in crisis mode if they don't
make significant changes," Barron's Asia quoted Brian Lockhart,
Peak Capital Management chief investment officer, as saying.


* Deloitte Names William Synder U.S. Restructuring Services Leader
------------------------------------------------------------------
Deloitte Transactions and Business Analytics LLP principal William
K. Snyder -- previously the co-leader of Deloitte Corporate
Restructuring Group (Deloitte CRG) -- has been named leader of
Deloitte CRG for the United States.  Mr. Snyder succeeds his
former co-leader, Deloitte Transactions and Business Analytics LLP
principal Sheila T. Smith, who will continue in her role as
Americas Region Restructuring Services leader for Deloitte until
her retirement in May 2015.

Prior to joining Deloitte in 2012 via acquisition, Mr. Snyder was
a managing partner and founder of CRG Partners Group LLC.  During
his 25-year career, Snyder has participated in the restructuring
of over 70 organizations and served as an interim-officer, -
examiner or -trustee in more than 20 bankruptcies.

Deloitte CRG is a leading provider of financial and operational
restructuring services, turnaround and performance management,
fiduciary services, and bankruptcy administrative services to
underperforming organizations, as well as their advisors, lenders,
investors and other stakeholders.

"We thank Sheila for her 14 years of Deloitte service, her 9 years
as leader of our restructuring practice and her work championing
our acquisition of CRG Partners," said David Williams, chief
executive officer, Deloitte Financial Advisory Services LLP.  "I
look forward to William's continued work for Deloitte CRG's
growing client list, as we help organizations facing crises to
emerge with confidence."

A resident of Southlake, Texas, Snyder earned his bachelor's
degree from Texas A&M University.  He is a Certified Turnaround
Professional and has received numerous distinctions over the
years, including being named to the Turnarounds & Workouts people
to watch list for 2007 and the American College of Bankruptcy's
Fifth Circuit Fellowship.

                       About Deloitte CRG

Deloitte Corporate Restructuring Group --
http://www.deloitte.com/us/-- is a provider of financial and
operational restructuring services, turnaround and performance
management, trustee services and bankruptcy support services to
underperforming companies and their advisors, lenders, investors,
courts and other stakeholders.

As used in this document, "Deloitte" means Deloitte Financial
Advisory Services LLP, which provides forensic, dispute, and other
consulting services, and its affiliate, Deloitte Transactions and
Business Analytics LLP, which provides a wide range of advisory
and analytics services.  Deloitte Transactions and Business
Analytics LLP is not a certified public accounting firm.
accounting.


* Jonathan Brown Joins Burr & Forman's Fort Lauderdale Office
-------------------------------------------------------------
Jonathan C. Brown has joined Burr & Forman LLP's Financial
Services and Commercial Litigation practice groups in the firm's
Fort Lauderdale office, where he works on behalf of banks, real
estate developers, investment trusts, landlords and tenants, title
insurance companies and local businesses in commercial disputes.

Mr. Brown is among more than 20 attorneys to join Burr & Forman's
Southeastern footprint during the past several weeks.  At Burr &
Forman, Mr. Brown's practice includes representation of clients in
consumer class actions, breach of contract actions, foreclosures,
among others commercial matters, in both state and federal court.
He also represents creditors in Chapter 11 and 7 Bankruptcy and
Adversary Proceedings, and performed significant appellate work
including drafting briefs and attending appellate hearings.

Mr. Brown received his undergraduate degree from Emory University
(B.A.) and his masters and law degrees from the University of
Miami (MBA) (J.D., cum laude).  While at the University of Miami,
Mr. Brown was a member of the Phi Delta Phi Legal Honor Society
and Finance and Management Club, as well as serving as President
and Vice President of Entertainment for the Sports Law Society.

                    About Burr & Forman LLP

For over a century, the experienced legal team of Burr & Forman
LLP -- http://www.burr.com-- has served clients with local,
national, and international interests in numerous industry and
practice areas, ranging from commercial litigation and class
actions to corporate transactions, including bankruptcy and
restructurings.  A Southeast regional firm with nearly 300
attorneys and nine offices in Alabama, Florida, Georgia,
Mississippi, and Tennessee, Burr & Forman attorneys draw from a
diverse range of resources to help clients achieve their goals and
address their complex legal needs.


* Koenig Law Firm Best Bankruptcy Law Firm in Ill. for Nov. 2014
----------------------------------------------------------------
The independent authority on legal services,
bestattorneysonline.com, has released their November 2014 rankings
of the best legal services in Illinois with a focus on bankruptcy
and debt law.  Koenig Law Firm has been named the best law firm in
the listings due to their performance in an in-depth analysis of
their legal services.  The rankings are updated on a monthly basis
based on the latest information obtained by the research team and
the latest achievements of those within the industry.

The process used by bestattorneysonline.com to evaluate and rank
legal firms involves in in-depth analysis of the experience of
representatives of each law firm, their success within a
particular focus, and third-party information sources.  In order
to determine which law firms produce the best legal service within
a particular practice the independent research team compares legal
firms across five different areas of evaluation.  The five areas
of evaluation for bankruptcy and debt legal services include
bankruptcy, debt analysis, collections, chapter 7, and chapter 11
bankruptcy.

                      About Koenig Law Firm

From his law offices in Rock Island, Illinois, estate and trust
attorney Philip E. Koenig counsels individuals and businesses from
the Quad Cities area of Illinois and Iowa.  Most of Koenig's
clients reside in the cities of Moline, Milan, and Taylor Ridge.

                  About bestattorneysonline.com

bestattorneysonline.com is a provider of independent reviews and
ratings of law firms in the United States.  Each month the
independent research team at bestattorneysonline.com evaluates and
rates legal services around the country based on their primary
practice areas and the states they practice law in.



                             *********

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 ***