TCR_Public/141201.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Monday, December 1, 2014, Vol. 18, No. 334

                            Headlines

22ND CENTURY: Conference Call Held to Discuss Business Updates
ALEXANDRA TRUST: Taps Arthur Ungerman & Joyce Lindauer as Counsel
ALEXANDRA TRUST: Names Jules Slim as Special Counsel
ALEXANDRA TRUST: Hires Blake Teller of TH&H as Special Counsel
ALSIP ACQUISITION: Taps $3-Mil. DIP Loan from Wells Fargo

ALSIP ACQUISITION: Seeks to Sell Mill, Equipment to Resolute
ALSIP ACQUISITION: Hires Epiq as Claims & Noticing Agent
ALSIP ACQUISITION: Court Issues Joint Administration Order
ALSIP ACQUISITION: Ill. Water District Wants Case Transferred
ALSIP ACQUISITION: Section 341(a) Meeting Set for Dec. 15

ARIZONA LA CHOLLA: Brenda Moody Whinery Now Handles Case
ARIZONA NEUROLOGICAL: Case Summary & 20 Top Unsecured Creditors
ASPEN GROUP: Signs 3-Year Employment Pacts With CFO and COO
ASR 2401: Preferred Income Wants Dismissal of Chapter 11 Case
ASR 2401: Wants to Employ Stout Risius as Financial Advisors

AUTOMOTIVE ELECTRIC: Case Summary & 20 Top Unsecured Creditors
BG MEDICINE: Gets Additional Non-Compliance Notice From NASDAQ
BELTWAY ONE: WF Bid to Reconsider Plan Order Denied
C.P. MILLER: Public Auction Slated for Dec. 1
C.S. BIOSCIENCE: Case Summary & 20 Largest Unsecured Creditors

C.W. WILLIAMS: Case Summary & 20 Largest Unsecured Creditors
CAESARS ENTERTAINMENT: Agent Granted Interest to Alleged Claims
CAESARS ENTERTAINMENT: 2020 Bank Debt Trades at 7% Off
CASH STORE: Default Status Report Per National Policy 12-203
COLT DEFENSE: Incurs $7.8 Million Net Loss in Third Quarter

COLUMBUS DOWNTOWN: S&P Puts 'B' Rating on CreditWatch Negative
CONSOLIDATED SERVICES: Case Summary & 7 Top Unsecured Creditors
CROSSFOOT ENERGY: Section 341(a) Meeting Set for Jan. 9
CTI BIOPHARMA: Reports $17.7MM Net Financial Standing at Oct. 31
DIALOGIC INC: Tennenbaum Capital No Longer a Shareholder

ELBIT IMAGING: MHLW Approves MRgFUS for Treatment in Japan
ELBIT IMAGING: Incurs NIS 32 Million Net Loss in Q3
ENERGY SERVICES: Projects $93.3-Mil. Revenue for Fiscal 2014
EQUINOX HOLDINGS: Moody's Lowers 1st Lien Bank Debt Rating to B1
FORTESCUE METALS: Bank Debt Trades at 6% Off

FRED FULLER: Bankruptcy Judge Approves Sale
FULLCIRCLE REGISTRY: Amends 21 Million Shares Resale Prospectus
FUSION TELECOMMUNICATIONS: Stockholders Elected 9 Directors
FV-CBA LLC: Case Summary & 5 Unsecured Creditors
GLOBAL COMPUTER: Panel Hires Leach Travell as Local Counsel

GLOBAL COMPUTER: Panel Hires Armstrong Teasdale as Counsel
GT ADVANCED: Pomerantz Law Firm Files Securities Class Action
HOLLINGER INC: Court Approves Black, Radler Settlement Agreements
HORIZON LINES: TCM MPS Does Not Own Class A Shares
HUTCHESON MEDICAL: Has Authority to Maintain Bank Accounts

HUTCHESON MEDICAL: Court Issues Joint Administration Order
HUTCHESON MEDICAL: Section 341(a) Meeting Scheduled for Dec. 16
IMH FINANCIAL: Incurs $23.4 Million Net Loss in Third Quarter
JSR PROPERTIES: Case Summary & 3 Unsecured Creditors
KAZI FOODS: Calif. Court Affirms $9.9MM Judgment Against Owners

LA CANASTA: Case Summary & Unsecured Creditor
LLRIG TWO: Court Okays Hiring of Teresa Mohr as Realtor
LLRIG TWO: Court Approves Christopher Bennett as CPA
LOAN EXCHANGE GROUP: Case Summary & 21 Top Unsecured Creditors
LOCATION BASED TECHNOLOGIES: Incurs $5.1MM Loss in Fiscal 2014

MARRONE BIO: Delays Release of Quarterly Report
MCCLATCHY COMPANY: Moody's Affirms Caa1 Corporate Family Rating
MGM RESORTS: Issues $1.2 Billion Senior Notes Due 2023
MOBIVITY HOLDINGS: CFO Timothy Schatz to Resign in February
NEWLEAD HOLDINGS: Annual Shareholders' Meeting Set for Dec. 23

OMNICOMM SYSTEMS: SEC OKs Waiver of Financial Stmt. Requirement
OXYSURE SYSTEMS: Terminates Merger Agreement With Estill Medical
PAINT ROCK: Ala. High Court Rules in Rift With First Jackson Bank
PEOPLEWELL HR: Section 341(a) Meeting Scheduled for Dec. 17
PLASTIC2OIL INC: Issues Letter to Shareholders

POSITIVEID CORP: Inks $4MM Financing Pact With Dominion Capital
RAAM GLOBAL: Jerry Sheets No Longer Serving as Officer
RADIOSHACK CORP: Amends Recapitalization Pact With General Retail
RADIOSHACK CORP: Standard General Holds 9.8% Equity Stake
REDPRAIRIE CORP: Bank Debt Trades at 6% Off

REGENT PARK: Section 341(a) Meeting Set for Dec. 23
REICHHOLD HOLDINGS: Dec. 2 Hearing on Auction Procedures
ROCKWELL MEDICAL: Closes $58.5MM Public Offering of Common Stock
SCIENTIFIC GAMES: Completes Merger With Bally Technologies
SEADRILL LTD: Bank Debt Trades at 9% Off

SEAWORLD PARKS: Bank Debt Trades at 5% Off
SHORE THING: Voluntary Chapter 11 Case Summary
SPEEDY TOWING: Case Summary & 20 Largest Unsecured Creditors
SPENDSMART NETWORKS: John Eyler Named to Board of Directors
STOCKTON, CA: Dec. 10 Hearing on Bid to Stay Confirmation

SUN BANCORP: Amends 1.1 Million Shares Resale Prospectus
SYLVA CORPORATION: 8th Cir. Revives GE Capital Claim
TERVITA CORP: Bank Debt Trades at 9% Off
TRACKGROUP: Signs 2-Year Employment Agreement With CFO
TRANSGENOMIC INC: AMH Reports 8.4% Stake as of Nov. 18

TRAVELPORT WORLDWIDE: Scott McCarty Quits From Board
UD DISSOLUTION: Case Summary & 20 Largest Unsecured Creditors
URANIUM ONE: Fitch Affirms 'BB-' LT FC Issuer Default Rating
US SECURITY: Moody's Affirms B3 CFR & Changes Outlook to Stable
VISUALANT INC: Creates Opportunity for "Invisible Bar Codes"

WET SEAL: Struggling Retailer Hires Advisers to Review Options
YRC WORLDWIDE: EVP and General Counsel Resigns

* BOND PRICING: For The Week From November 24 to 28, 2014


                             *********

22ND CENTURY: Conference Call Held to Discuss Business Updates
--------------------------------------------------------------
22nd Century Group, Inc., conducted a conference call on Nov. 25,
2014, hosted by Chardian Capital Markets and provided updates
regarding the Company's business operations.

"The company has made significant progress over the past 12
months, including the purchase of a manufacturing facility.  And
most notably it is now a signatory to the Master Settlement
Agreement or MSA and will begin selling its own branded products
in the U.S. and Europe next year," said Jim McIlree, senior
research analyst at Chardan Capital.

A copy of the conference call transcript is available for free at:

                       http://is.gd/LjhOWE

                       About 22nd Century

Clarence, New York-based 22nd Century Group, Inc., through its
wholly-owned subsidiary, 22nd Century Ltd, is a plant
biotechnology company using technology that allows for the level
of nicotine and other nicotinic alkaloids (e.g., nornicotine,
anatabine and anabasine) in tobacco plants to be decreased or
increased through genetic engineering and plant breeding.

22nd Century reported a net loss of $26.15 million in 2013, a net
loss of $6.73 million in 2012 and a net loss of $1.34 million in
2011.

The Company's balance sheet at Sept. 30, 2014, showed $26.68
million in total assets, $6.56 million in total liabilities and
$20.12 million in total shareholders' equity.


ALEXANDRA TRUST: Taps Arthur Ungerman & Joyce Lindauer as Counsel
-----------------------------------------------------------------
Alexandra Trust seeks authorization from the U.S. Bankruptcy Court
for the Northern District of Texas to employ Arthur I. Ungerman
and Joyce W. Lindauer as counsel on behalf of the Debtor.  Kerry
S. Alleyne-Simmons is an associate working for Mr. Ungerman.

Mr. Ungerman will be responsible for the general administration of
the estate including, filing of the Schedules and Statement of
Financial Affairs, advising the debtor on compliance issues for
opening the Debtor in Possession Account, filing monthly operating
reports and paying quarterly fees, attending the 341 Meeting,
preparing Cash Collateral Motions and Orders, negotiating with
creditors of the estate, preparation of the Plan of Reorganization
and Disclosure Statement.  Ms. Lindauer will be responsible for
any litigation matters, including contested Motions to Lift the
Automatic Stay, objections to Cash Collateral, Plan of
Reorganization and Disclosure Statement, and Adversary Proceedings
brought by or against the Debtor.

The Attorneys will be paid at these hourly rates:

       Arthur I. Ungerman                 $275
       Joyce W. Lindauer                  $375
       Kerry S. Alleyne-Simmons           $175
       Paralegals and Legal Assistants    $50-125

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

Mr. Ungerman has been paid a retainer of $10,000 in connection
with these proceedings. This retainer has been used to pay for the
filing fee of $1,717 in connection with this case.

Mr. Ungerman, Ms. Lindauer and Ms. Alleyne-Simmons, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

The Attorneys can be reached at:

       Arthur Ungerman, Esq.
       LAW OFFICE OF ARTHUR UNGERMAN
       12720 Hillcrest Road, Suite 625
       Dallas, TX 75230
       Tel: (972) 239-9055
       Fax: (972) 239-9886
       E-mail: arthur@ungerman.com

            - and -

       Joyce W. Lindauer, Esq.
       LAW OFFICE OF JOYCE LINDAUER
       12720 Hillcrest Road, Suite 625
       Dallas, TX 75230
       Tel: (972) 503-4033
       Fax: (972) 503-4034
       E-mail: joyce@joycelindauer.com

                    About Alexandra Trust

Garland, Texas-based Alexandra Trust sought protection under
Chapter 11 of the Bankruptcy Code on Oct. 20, 2014 (Case No.
14-35049, Bankr. N.D. Tex.).  The case is assigned to Judge
Barbara J. Houser.  The Debtor's counsel is Arthur I. Ungerman,
Esq., in Dallas, Texas.  The Debtor has estimated assets ranging
from $100 million to $500 million and estimated debts ranging from
$500,000 to $1 million.  The petition was signed by Richard Dale
Sterritt, Jr., trustee.


ALEXANDRA TRUST: Names Jules Slim as Special Counsel
----------------------------------------------------
Alexandra Trust asks for permission from the U.S. Bankruptcy Court
for the Northern District of Texas to employ Jules P. Slim as
special counsel.

Mr. Slim will represent the Debtor in litigation matters
concerning the recovery of assets of the Debtor located in Texas
and Mississippi.

The compensation to be paid to Mr. Slim shall be based upon the
following hourly rates:

       Jules Slim                $325
       Paralegals                $90

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

Mr. Slim has been paid a retainer of $5,000 from Sarah Esther
Sterritt co-trustee of the Alexandra Trust in connection with this
proceeding.

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

Mr. Slim can be reached at:

       Jules P. Slim, Esq.
       P.O. Box 140307
       Irving, TX 75014-0307
       Tel: (214) 350-5183

                     About Alexandra Trust

Garland, Texas-based Alexandra Trust sought protection under
Chapter 11 of the Bankruptcy Code on Oct. 20, 2014 (Case No.
14-35049, Bankr. N.D. Tex.).  The case is assigned to Judge
Barbara J. Houser.  The Debtor's counsel is Arthur I. Ungerman,
Esq., in Dallas, Texas.  The Debtor has estimated assets ranging
from $100 million to $500 million and estimated debts ranging from
$500,000 to $1 million.  The petition was signed by Richard Dale
Sterritt, Jr., trustee.


ALEXANDRA TRUST: Hires Blake Teller of TH&H as Special Counsel
--------------------------------------------------------------
Alexandra Trust asks permission from the U.S. Bankruptcy Court for
the Northern District of Texas to employ B. Blake Teller of
Teller, Hassell & Hopson, LLP ("TH&H") as special counsel.

Mr. Teller will represent the Debtor in litigation matters
concerning property and other assets of the Debtor located in
Vicksburg, Mississippi.

The compensation to be paid to TH&H shall be based upon the
following hourly rates:

       Blake Teller                 $225
       G. Philip Schrader, IV.      $175
       Lauren Roberts Caepart       $175

TH&H will also be reimbursed for reasonable out-of-pocket expenses
incurred.

TH&H has been paid a retainer of $5,000.00 in connection with this
proceeding.

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

TH&H can be reached at:

       B. Blake Teller, Esq.
       TELLER, HASSELL & HOPSON, LLP
       1201 Cherry St.
       Vicksburg, MS 39183
       Tel: (601) 636-6565

                     About Alexandra Trust

Garland, Texas-based Alexandra Trust sought protection under
Chapter 11 of the Bankruptcy Code on Oct. 20, 2014 (Case No.
14-35049, Bankr. N.D. Tex.).  The case is assigned to Judge
Barbara J. Houser.  The Debtor's counsel is Arthur I. Ungerman,
Esq., in Dallas, Texas.  The Debtor has estimated assets ranging
from $100 million to $500 million and estimated debts ranging from
$500,000 to $1 million.  The petition was signed by Richard Dale
Sterritt, Jr., trustee.


ALSIP ACQUISITION: Taps $3-Mil. DIP Loan from Wells Fargo
---------------------------------------------------------
Alsip Acquisitions, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to obtain
postpetition secured financing in an amount not to exceed
$3,000,000 from Wells Fargo Bank, National Association.

The DIP financing accrues interest at Daily Three Month LIBOR plus
the Applicable Margin, with a floor of 5.0 percent, plus an
additional 4.0 percent upon default.  The DIP financing matures on
the earlier of (i) Dec. 31, 2014, and (ii) the closing of the sale
of all or substantially all of the assets of the Debtors, with
additional, customary termination events.

The Debtors also seek authority to use cash collateral securing
their prepetition indebtedness.  As of the Petition Date, the
Debtors had approximately $8,039,639 of funded indebtedness and
related obligations outstanding.  The Debtors propose to provide
the Prepetition Lender with four primary forms of adequate
protection to protect against the postpetition diminution in value
of the Cash Collateral in respect of the Carve Out and the DIP
Obligations, and resulting from the use, sale, or lease of the
Prepetition Collateral by the Debtors and the imposition of the
automatic stay.

Metropolitan Water Reclamation District of Greater Chicago objects
to the DIP motion, complaining that the Debtors have proposed no
adequate protection to the MWRD as the holder of liens on the
Debtors' mill.  According to the MWRD, as of the Petition Date,
Alsip owed the MWRD the approximate amount of $3,500,000 for
unpaid user charges, penalties and interest and the MWRD holds a
lien on the Debtors' mill to secure the payment of the amounts
owed.  The MWRD asserts that the Court may not authorize
incurrence of debt secured by the priming lien sought in the DIP
motion.

The Lender is represented by:

        Steven E. Fox, Esq.
        RIEMER & BRAUNSTEIN LLP
        Times Square Tower
        Seven Times Square, Suite 2506
        New York, NY 10036
        E-mail: sfox@riemerlaw.com

The MWRD is represented by:

         Adam G. Landis, Esq.
         LANDIS RATH & COBB LLP
         919 Market Street, Suite 1800
         Wilmington, DE 19801
         Tel: (302) 467-4400
         Fax: (302) 467-4450
         E-mail: landis@lrclaw.com

            -- and --

         Barry A. Chatz, Esq.
         David A. Golin, Esq.
         Kevin H. Morse, Esq.
         ARNSTEIN & LEHR LLP
         120 S. Riverside Plaza, Suite 1200
         Chicago, IL 60606
         Tel: (312) 876-7100
         Fax: (312) 876-6273
         E-mail: bachatz@arnstein.com
                 dagolin@arnstein.com
                 khmorse@arnstein.com

                     About Alsip Acquisition

Alsip Acquisition, LLC and APCA, LLC were the leading North
American provider of responsibly made recycled paper for books and
magazines, as well as for commercial printing and packaging
applications.  The operational and manufacturing headquarters are
located in Alsip, Illinois, and consist of a 40-year-old mill and
a leased warehouse in Alsip, Illinois.  The mill and warehouse
were idled in September 2014 following cash losses.  Most of
Alsip's stock is owned by FutureMark Holdings, LLC.

On Nov. 20, 2014, Alsip Acquisition and APCA each filed petitions
seeking relief under chapter 11 of the United States Bankruptcy
Code.  The Debtors' cases have been assigned to Judge Kevin J.
Carey (KJC).  The cases have been jointly administered, with
pleadings maintained on the case docket for Case No. 14-12596.

The Debtors have tapped Mintz Levin Cohn Ferris Glovsky and Popeo
PC as counsel and Pachulski Stang Ziehl & Jones as co-counsel.
Epiq Bankruptcy Solutions LLC is the claims and notice agent.

As of the Oct. 31, 2014, the Debtors had approximately $7,742,972
of funded indebtedness and related obligations outstanding.

The goal of the Debtors is to consummate the sale of the assets to
Resolute FP Illinois LLC pursuant to an asset purchase agreement
or another bidder pursuant to the bid procedures.  In addition,
the Debtors intend to vacate their leased locations in Connecticut
and New Jersey, liquidate their other assets, and distribute any
proceeds pursuant to the claims process established by the
Bankruptcy Code.

The 11 U.S.C. Sec. 341(a) meeting of creditors is slated for
Dec. 15, 2014 at 1:00 p.m. prevailing Eastern time.

A copy of the affidavit in support of the first-day motions is
available for free at:

       http://bankrupt.com/misc/Alsip_1st_Day_Affidavit.pdf


ALSIP ACQUISITION: Seeks to Sell Mill, Equipment to Resolute
------------------------------------------------------------
Alsip Acquisition, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to sell its mill and
equipment and establish bidding procedures in connection with the
sale.

Resolute FP Illinois LLC, as the stalking horse bidder, proposes
to purchase the real estate and equipment for $5,000,000.
Resolute, according to Bill Rochelle and Sherri Toub, bankruptcy
columnists for Bloomberg News, is the new name of AbitibiBowater,
which emerged from creditor protection in Canada and the U.S. in
December 2010 and changed its name the following year.

To obtain the highest or otherwise best offer for the assets, the
Debtors propose that any competing bid must contain a cash
component of the purchase price of not less than $5,320,000.  The
Debtors also propose to conduct an auction on Dec. 22.  The
Debtors are asking the Court to schedule the sale hearing for no
later than Dec. 23, and that objections, if any, to the sale must
be filed

                     About Alsip Acquisition

Alsip Acquisition, LLC and APCA, LLC were the leading North
American provider of responsibly made recycled paper for books and
magazines, as well as for commercial printing and packaging
applications.  The operational and manufacturing headquarters are
located in Alsip, Illinois, and consist of a 40-year-old mill and
a leased warehouse in Alsip, Illinois.  The mill and warehouse
were idled in September 2014 following cash losses.  Most of
Alsip's stock is owned by FutureMark Holdings, LLC.

On Nov. 20, 2014, Alsip Acquisition and APCA each filed petitions
seeking relief under chapter 11 of the United States Bankruptcy
Code.  The Debtors' cases have been assigned to Judge Kevin J.
Carey (KJC).  The cases have been jointly administered, with
pleadings maintained on the case docket for Case No. 14-12596.

The Debtors have tapped Mintz Levin Cohn Ferris Glovsky and Popeo
PC as counsel and Pachulski Stang Ziehl & Jones as co-counsel.
Epiq Bankruptcy Solutions LLC is the claims and notice agent.

As of the Oct. 31, 2014, the Debtors had approximately $7,742,972
of funded indebtedness and related obligations outstanding.

The goal of the Debtors is to consummate the sale of the assets to
Resolute FP Illinois LLC pursuant to an asset purchase agreement
or another bidder pursuant to the bid procedures.  In addition,
the Debtors intend to vacate their leased locations in Connecticut
and New Jersey, liquidate their other assets, and distribute any
proceeds pursuant to the claims process established by the
Bankruptcy Code.

The 11 U.S.C. Sec. 341(a) meeting of creditors is slated for
Dec. 15, 2014 at 1:00 p.m. prevailing Eastern time.

A copy of the affidavit in support of the first-day motions is
available for free at:

       http://bankrupt.com/misc/Alsip_1st_Day_Affidavit.pdf


ALSIP ACQUISITION: Hires Epiq as Claims & Noticing Agent
--------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware authorized Alsip Acquisition, LLC, et al., to to
employ Epiq Bankruptcy Solutions, LLC, as claims and noticing
agent to, among other things, (i) distribute required notices to
parties in interest, (ii) receive, maintain, docket and otherwise
administer the proofs of claim and voting ballots filed in the
Chapter 11 cases, and (iii) provide other administrative services
that would fall within the purview of services to be provided by
the Clerk's Office.

Prior to the Petition Date, the Debtors provided Epiq a retainer
in the amount of $25,000.

                     About Alsip Acquisition

Alsip Acquisition, LLC and APCA, LLC were the leading North
American provider of responsibly made recycled paper for books and
magazines, as well as for commercial printing and packaging
applications.  The operational and manufacturing headquarters are
located in Alsip, Illinois, and consist of a 40-year-old mill and
a leased warehouse in Alsip, Illinois.  The mill and warehouse
were idled in September 2014 following cash losses.  Most of
Alsip's stock is owned by FutureMark Holdings, LLC.

On Nov. 20, 2014, Alsip Acquisition and APCA each filed petitions
seeking relief under chapter 11 of the United States Bankruptcy
Code.  The Debtors' cases have been assigned to Judge Kevin J.
Carey (KJC).  The cases have been jointly administered, with
pleadings maintained on the case docket for Case No. 14-12596.

The Debtors have tapped Mintz Levin Cohn Ferris Glovsky and Popeo
PC as counsel and Pachulski Stang Ziehl & Jones as co-counsel.
Epiq Bankruptcy Solutions LLC is the claims and notice agent.

As of the Oct. 31, 2014, the Debtors had approximately $7,742,972
of funded indebtedness and related obligations outstanding.

The goal of the Debtors is to consummate the sale of the assets to
Resolute FP Illinois LLC pursuant to an asset purchase agreement
or another bidder pursuant to the bid procedures.  In addition,
the Debtors intend to vacate their leased locations in Connecticut
and New Jersey, liquidate their other assets, and distribute any
proceeds pursuant to the claims process established by the
Bankruptcy Code.

The 11 U.S.C. Sec. 341(a) meeting of creditors is slated for
Dec. 15, 2014 at 1:00 p.m. prevailing Eastern time.

A copy of the affidavit in support of the first-day motions is
available for free at:

       http://bankrupt.com/misc/Alsip_1st_Day_Affidavit.pdf


ALSIP ACQUISITION: Court Issues Joint Administration Order
----------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware issued an order directing the joint administration of
the Chapter 11 cases of Alsip Acquisition, LLC, and APCA, LLC,
under Case No. 14-12596.

                     About Alsip Acquisition

Alsip Acquisition, LLC and APCA, LLC were the leading North
American provider of responsibly made recycled paper for books and
magazines, as well as for commercial printing and packaging
applications.  The operational and manufacturing headquarters are
located in Alsip, Illinois, and consist of a 40-year-old mill and
a leased warehouse in Alsip, Illinois.  The mill and warehouse
were idled in September 2014 following cash losses.  Most of
Alsip's stock is owned by FutureMark Holdings, LLC.

On Nov. 20, 2014, Alsip Acquisition and APCA each filed petitions
seeking relief under chapter 11 of the United States Bankruptcy
Code.  The Debtors' cases have been assigned to Judge Kevin J.
Carey (KJC).  The cases have been jointly administered, with
pleadings maintained on the case docket for Case No. 14-12596.

The Debtors have tapped Mintz Levin Cohn Ferris Glovsky and Popeo
PC as counsel and Pachulski Stang Ziehl & Jones as co-counsel.
Epiq Bankruptcy Solutions LLC is the claims and notice agent.

As of the Oct. 31, 2014, the Debtors had approximately $7,742,972
of funded indebtedness and related obligations outstanding.

The goal of the Debtors is to consummate the sale of the assets to
Resolute FP Illinois LLC pursuant to an asset purchase agreement
or another bidder pursuant to the bid procedures.  In addition,
the Debtors intend to vacate their leased locations in Connecticut
and New Jersey, liquidate their other assets, and distribute any
proceeds pursuant to the claims process established by the
Bankruptcy Code.

The 11 U.S.C. Sec. 341(a) meeting of creditors is slated for
Dec. 15, 2014 at 1:00 p.m. prevailing Eastern time.

A copy of the affidavit in support of the first-day motions is
available for free at:

       http://bankrupt.com/misc/Alsip_1st_Day_Affidavit.pdf


ALSIP ACQUISITION: Ill. Water District Wants Case Transferred
-------------------------------------------------------------
Metropolitan Water Reclamation District of Greater Chicago asks
the U.S. Bankruptcy Court for the District of Delaware to transfer
the Chapter 11 cases of Alsip Acquisition, LLC, et al., to the
U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, saying that, apart from the Debtors' status as
Delaware limited liability companies, there is nothing supporting
venue in Delaware.

According to the MWRD, the Debtors have no assets or creditors in
Delaware and their Chapter 11 cases is not a complex financial or
operational restructuring of international or national import.  To
the contrary, the Debtors' Chapter 11 cases is a quick sale
involving a local, Illinois non-operating enterprise, filed
outside its most obvious forum for reasons known only to the
Debtors, the MWRD asserts.

                     About Alsip Acquisition

Alsip Acquisition, LLC and APCA, LLC were the leading North
American provider of responsibly made recycled paper for books and
magazines, as well as for commercial printing and packaging
applications.  The operational and manufacturing headquarters are
located in Alsip, Illinois, and consist of a 40-year-old mill and
a leased warehouse in Alsip, Illinois.  The mill and warehouse
were idled in September 2014 following cash losses.  Most of
Alsip's stock is owned by FutureMark Holdings, LLC.

On Nov. 20, 2014, Alsip Acquisition and APCA each filed petitions
seeking relief under chapter 11 of the United States Bankruptcy
Code.  The Debtors' cases have been assigned to Judge Kevin J.
Carey (KJC).  The cases have been jointly administered, with
pleadings maintained on the case docket for Case No. 14-12596.

The Debtors have tapped Mintz Levin Cohn Ferris Glovsky and Popeo
PC as counsel and Pachulski Stang Ziehl & Jones as co-counsel.
Epiq Bankruptcy Solutions LLC is the claims and notice agent.

As of the Oct. 31, 2014, the Debtors had approximately $7,742,972
of funded indebtedness and related obligations outstanding.

The goal of the Debtors is to consummate the sale of the assets to
Resolute FP Illinois LLC pursuant to an asset purchase agreement
or another bidder pursuant to the bid procedures.  In addition,
the Debtors intend to vacate their leased locations in Connecticut
and New Jersey, liquidate their other assets, and distribute any
proceeds pursuant to the claims process established by the
Bankruptcy Code.

The 11 U.S.C. Sec. 341(a) meeting of creditors is slated for
Dec. 15, 2014 at 1:00 p.m. prevailing Eastern time.

A copy of the affidavit in support of the first-day motions is
available for free at:

       http://bankrupt.com/misc/Alsip_1st_Day_Affidavit.pdf


ALSIP ACQUISITION: Section 341(a) Meeting Set for Dec. 15
---------------------------------------------------------
A meeting of creditors in the bankruptcy case of Alsip
Acquisition, LLC, will be held on Dec. 15, 2014, at 1:00 p.m. at
J. Caleb Boggs Federal Building, 844 King St., Room 2112,
Wilmington, Delaware.

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

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

                     About Alsip Acquisition

Alsip Acquisition, LLC and APCA, LLC were the leading North
American provider of responsibly made recycled paper for books and
magazines, as well as for commercial printing and packaging
applications.  The operational and manufacturing headquarters are
located in Alsip, Illinois, and consist of a 40-year-old mill and
a leased warehouse in Alsip, Illinois.  The mill and warehouse
were idled in September 2014 following cash losses.  Most of
Alsip's stock is owned by FutureMark Holdings, LLC.

On Nov. 20, 2014, Alsip Acquisition and APCA each filed petitions
seeking relief under chapter 11 of the United States Bankruptcy
Code.  The Debtors' cases have been assigned to Judge Kevin J.
Carey (KJC).  The cases have been jointly administered, with
pleadings maintained on the case docket for Case No. 14-12596.

The Debtors have tapped Mintz Levin Cohn Ferris Glovsky and Popeo
PC as counsel and Pachulski Stang Ziehl & Jones as co-counsel.
Epiq Bankruptcy Solutions LLC is the claims and notice agent.

As of the Oct. 31, 2014, the Debtors had approximately $7,742,972
of funded indebtedness and related obligations outstanding.

The goal of the Debtors is to consummate the sale of the assets to
Resolute FP Illinois LLC pursuant to an asset purchase agreement
or another bidder pursuant to the bid procedures.  In addition,
the Debtors intend to vacate their leased locations in Connecticut
and New Jersey, liquidate their other assets, and distribute any
proceeds pursuant to the claims process established by the
Bankruptcy Code.

The 11 U.S.C. Sec. 341(a) meeting of creditors is slated for
Dec. 15, 2014 at 1:00 p.m. prevailing Eastern time.

A copy of the affidavit in support of the first-day motions is
available for free at:

       http://bankrupt.com/misc/Alsip_1st_Day_Affidavit.pdf


ARIZONA LA CHOLLA: Brenda Moody Whinery Now Handles Case
--------------------------------------------------------
Bankruptcy Judge Scott H. Gan entered an order transferring the
Chapter 11 case of Arizona La Cholla, L.L.C., to the Hon. Brenda
Moody Whinery.

It is also ordered that all hearings set with the U.S. Bankruptcy
Court for the District of Arizona Court are vacated.

Arizona La Cholla, L.L.C., filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 14-10254) on July 2, 2014.  Steven L.
Nannini signed the petition as manager.  The Debtor estimated
assets and liabilities of at least $10 million.  Altfeld &
Battaile P.C. serves as the Debtor's counsel.


ARIZONA NEUROLOGICAL: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor:  Arizona Neurological Institute, P.C.
        10474 W Thunderbird Blvd #200
        Sun City, AZ 85351

Case No.: 14-17602

Nature of Business: Health Care

Chapter 11 Petition Date: November 26, 2014

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Madeleine C. Wanslee

Debtor's Counsel: Christopher C. Simpson, Esq.
                  STINSON LEONARD STREET LLP
                  1850 N Central Ave. #2100
                  Phoenix, AZ 85004
                  Tel: 602-279-1600
                  Fax: 602-240-6925
                  Email: christopher.simpson@stinsonleonard.com
                         anne.finch@stinsonleonard.com

Total Assets: $449,035

Total Liabilities: $1.94 million

The petition was signed by Eric Chappell, chief operating officer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/azb14-17602.pdf


ASPEN GROUP: Signs 3-Year Employment Pacts With CFO and COO
-----------------------------------------------------------
Aspen Group, Inc., entered into three-year employment agreements
with Janet Gill, the Company's executive vice president and
interim chief financial officer and Gerard Wendolowski, the
Company's chief operating officer.

In accordance with her Employment Agreement, Ms. Gill will receive
a base salary of $200,000 and was granted 300,000 stock options
exercisable at $0.234 per share which vest in three equal
increments over a three year period with the first vesting date
being Nov. 24, 2015.  Ms. Gill will also be entitled to a cash and
equity bonus if certain EBITDA milestones are met.  The cash
portion of the Target Bonus will only be earned if the Company has
a certain cash balance to pay the Target Bonus.

In accordance with his Employment Agreement, Mr. Wendolowski will
receive a base salary of $200,000.  Mr. Wendolowski will also be
entitled to the Target Bonus.

Also on Nov. 24, 2014, the Company amended the Employment
Agreements of Mr. Michael Mathews, the Company's chief executive
officer, and Dr. Cheri St. Arnauld, the Company's chief academic
officer, to provide them with the right to receive the Target
Bonus.  In the event that the cash balance threshold under the
Target Bonus is not met, Mr. Mathews will be issued stock in lieu
of a cash bonus.  With the exception of Mr. Mathews being entitled
to stock in lieu of cash, the Target Bonus for each of the
executives is identical.

Each of the executive officers may receive a discretionary bonus
at the discretion of the Company's Compensation Committee.

                         About Aspen Group

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

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

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

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


ASR 2401: Preferred Income Wants Dismissal of Chapter 11 Case
-------------------------------------------------------------
Preferred Income Partners IV, LLC, asks the Bankruptcy Court to
dismiss the Chapter 11 case of ASR Fountainview, LP, et al., for
lack of authority to file their petitions.

According Preferred Income, the partnership has not obtained the
required consent of PIP IV, its Class A Limited partner.

Preferred Income is represented by:

         Hap May
         Two Riverwat, 15th Floor
         Houston, TX 77056
         Tel: (281) 407-5609
         Fax: (932) 201-7574
         E-mail: hapmay@outlook.com

         Bryan P. Stevens
         HALLET & PERRIN, P.C.
         1445 Ross Avenue, Suite 2400
         Dallas, TX 75202
         Tel: (214) 953-0053
         Fax: (214) 922-4142
         E-mail: bstevens@halletperrin.com

                           About ASR 2401

ASR 2401 Fountainview, LP, and ASR 2401 Fountainview, LLC sought
Chapter 11 bankruptcy protection in Houston (Bankr. S.D. Tex. Case
Nos. 14-35322) on Sept. 30, 2014, without stating a reason.

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

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

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

The Debtor disclosed $19,348,658 in assets and $20,715,225 in
liabilities as of the Chapter 11 filing.

The U.S. Trustee has not yet appointed a creditors committee.


ASR 2401: Wants to Employ Stout Risius as Financial Advisors
------------------------------------------------------------
ASR 2401 Fountainview, LP, et al., ask the Bankruptcy Court for
permission to employ Stout Risius Ross, Inc., as financial
advisors.

The professional services that SRR may be asked to provide to the
Debtors include:

   a. financial advisory services.

   b. preparation of statements of financial affairs for each of
the Debtors.

   c. preparation of schedules of assets and liabilities for each
of the Debtors.

   d. assistance with preparation of monthly operating reports.

   e. review of and assistance with preparation of cash forecasts.

SRR may also provide additional services including:

   1. review of the Debtor's financial information, including, but
not limited to, analyses of cash receipts and disbursements.

   2. analysis of assumption and rejection issues regarding
executory contracts and leases.

   3. review and analysis of the Debtors' proposed business plan.

   4. assistance in evaluating reorganization strategies and
alternatives available to the creditors.

   5. Assistance in preparing or reviewing documents necessary for
confirmation.

   6. Advise and assist the Debtors, management and counsel in
negotiations and meetings with the lender, investors and other
interested parties.

The hourly rates for SRR personnel are:

         Level Rates Managing Directors        $400 - $495
         Directors and Vice Presidents         $325 - $395
         Associates                            $225 - $300
         Analysts                              $150 - $200

SRR anticipates that the professionals primarily responsible for
advising the Trustee in this case will be:

         Professional                              Rates
         ------------                              -----
         Loretta Cross, managing director          $495
         John D. Baumgartner, director             $395
         Robert Levine, senior associate           $225

For work related to preparing the Debtors' statements of financial
affairs and schedules of assets and liabilities, SRR will discount
Mr. Baumgartner's fees to $300 per hour.

To the best of the Debtors' knowledge, SRR is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The Debtors are represented by:

         Christopher Adams, Esq.
         1113 Vine St. Suite 201
         Houston, TX 77002
         Tel: (713) 228-4100
         Fax: (888) 865-2118
         E-mail: cadams@okinadams.com

                           About ASR 2401

ASR 2401 Fountainview, LP, and ASR 2401 Fountainview, LLC sought
Chapter 11 bankruptcy protection in Houston (Bankr. S.D. Tex. Case
Nos. 14-35322) on Sept. 30, 2014, without stating a reason.

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

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

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

The Debtor disclosed $19,348,658 in assets and $20,715,225 in
liabilities as of the Chapter 11 filing.

The U.S. Trustee has not yet appointed a creditors committee.


AUTOMOTIVE ELECTRIC: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Automotive Electric Distributors, Inc.
            aka AED
            aka AXD
            dba Automotive Express Delivery
        PO Box 12377
        Portland, OR 97212

Case No.: 14-46321

Chapter 11 Petition Date: November 26, 2014

Court: United States Bankruptcy Court
       Western District of Washington (Tacoma)

Judge: Hon. Paul B. Snyder

Debtor's Counsel: Joseph A Field, Esq.
                  FIELD JERGER LLP
                  621 SW Morrison St Ste 1225
                  Portland, OR 97205
                  Tel: 503-228-9115
                  Email: joe@fieldjerger.com

Total Assets: $1.54 million

Total Liabilities: $7.58 million

The petition was signed by  Lance "Pat" Blechschmidt, manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wawb14-46321.pdf


BG MEDICINE: Gets Additional Non-Compliance Notice From NASDAQ
--------------------------------------------------------------
BG Medicine, Inc., received written notice from the Listing
Qualifications Department of The NASDAQ Stock Market LLC on
Nov. 20, 2014, indicating that the Company did not meet the
minimum $2.5 million in stockholders' equity, required by NASDAQ
Listing Rule 5550(b)(1), which is one of the alternative tests for
continued listing on The NASDAQ Capital Market.  In the Company's
Form 10-Q filed on Aug. 14, 2014, the Company reported
stockholders' equity of $1,696,000 for the period ended Sept. 30,
2014.  In addition, the notice indicates that the Company does not
meet the other alternative tests of market value of listed
securities or net income from continuing operations and therefore,
no longer complies with the continued listing rule.  The notice
has no immediate effect on the listing or trading of the Company's
common stock and the common stock will continue to trade on The
NASDAQ Capital Market under the symbol "BGMD" at this time.

The notice further provides that the Company has 45 calendar days,
or until Jan. 4, 2015, to submit a plan to regain compliance with
the continued listing rule.  If NASDAQ accepts the Company's plan
to regain compliance, the Company may be granted an extension of
up to 180 calendar days from the notice, or until May 19, 2015, to
evidence compliance with NASDAQ's continued listing rule.

The Company is currently considering options to resolve this
listing deficiency and the deficiency disclosed on Form 8-K filed
Sept. 11, 2014, and to regain compliance.  However, the Company
said there can be no assurance that it will be able to regain
compliance with The NASDAQ Capital Market listing requirements.

                   Minimum Bid Price Deficiency

As previously disclosed on a Current Report on Form 8-K filed on
Sept. 11, 2014, the Company received a letter from NASDAQ
notifying the Company that for the preceding 30 consecutive
business days, the Company's common stock did not maintain a
minimum closing bid price of $1.00 for continued listing on The
NASDAQ Capital Market, as required by NASDAQ Listing Rule
5550(a)(2).  The Minimum Bid Price Deficiency serves as an
additional basis for delisting the Company's common stock from
NASDAQ, in addition to the Stockholders' Equity Deficiency.

                         About BG Medicine

Waltham, Mass.-based BG Medicine is a diagnostics company focused
on the development and commercialization of novel cardiovascular
diagnostic tests to address significant unmet medical needs,
improve patient outcomes and contain healthcare costs.  The
Company is currently commercializing two diagnostic tests, the
first of which is the BGM Galectin-3 test, a novel assay for
measuring galectin-3 levels in blood plasma or serum for use as an
aid in assessing the prognosis of patients diagnosed with heart
failure.  The Company's second diagnostic test is the CardioSCORE
test, which is designed to identify individuals at high risk for
near-term, significant cardiovascular events, such as heart attack
and stroke.

BG Medicine reported a net loss of $15.84 million on $4.07 million
of total revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $23.76 million on $2.81 million of total
revenues during the prior year.  The Company's balance sheet at
June 30, 2014, showed $11.24 million in total assets, $7.25
million in total liabilities and $3.98 million in total
stockholders' equity.

Deloitte & Touche LLP, in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company's recurring losses from operations, recurring
cash used in operating cash flows and stockholders' deficit raise
substantial doubt about its ability to continue as a going
concern.


BELTWAY ONE: WF Bid to Reconsider Plan Order Denied
---------------------------------------------------
The Bankruptcy Court denied Wells Fargo Bank, N.A.'s motion to
reconsider or amend memorandum decision and order confirming
Beltway One Development Group LLC's Reorganization Plan dated
March 25, 2014.

In its reconsideration motion, Wells Fargo maintained that the
Debtor's plan is not fair and equitable, and must not have been
confirmed over its objection because Wells Fargo's oversecured
claim had not been cured within the meaning of Section 1124(2)(A),
and Wells Fargo therefore was entitled to be paid its default
interest, late fees, and other costs.

As reported in the Troubled Company Reporter on July 30, 2014,
according to Wells Fargo, the Debtor filed a chapter 11 plan that
proposed to "term out" Wells Fargo's claim for five years with a
substantial balloon payment at the end of the plan term.  The
Debtor also maintained that Wells Fargo is oversecured and
presented valuation testimony to that effect at the plan
confirmation trial.  The Court adopted the Debtor's value of
$11.1 million for the real property securing Wells Fargo's claim
of approximately $9.9 million (plus accrued and accruing interest,
charges, fees, and expenses).  The Debtor has also accrued
approximately $2 million in cash on hand.  Thus, unless the
Memorandum Decision and Confirmation Order are reconsidered and/or
amended, Wells Fargo would be deprived of its contractual and
statutory rights to default interest, charges, fees, and expenses,
while the Debtor's equity security owners receive an immediate
windfall of approximately $3 million in equity.

Wells Fargo objected to confirmation of the Plan for multiple
reasons.  Wells Fargo objected to the Plan's treatment of Wells
Fargo's claim as oversecured while simultaneously purporting to
eliminate default interest, charges, fees, and other expenses
recoverable by an oversecured creditor under Section 506(b) of the
Bankruptcy Code and applicable law.  Wells Fargo also objected to
the Plan's language purporting to accomplish a "cure," in light of
the Plan's undisputed impairment of Wells Fargo's claim.

The bankruptcy judge's memorandum decision concludes that
"[m]odification of default interest and elimination of late fees
and other costs is consistent with the Code and supported by the
case cited by Wells Fargo."  Mr. Suzuki contends that although
this statement is arguably defensible with respect to certain
kinds of plans (i.e., plans that pay a secured creditors' claim in
full in cash on the plan effective date), it is not an accurate
conclusion of law with respect to the Plan in this case.  Wells
Fargo's loan in this case fully matured prior to the Debtor's
bankruptcy filing.  The Plan impairs Wells Fargo's claim by
seeking to term it out for five years at a non-default rate of
interest.  Such treatment is not a "cure" within the meaning of
the Bankruptcy Code or arguably applicable caselaw.  The Plan does
not effect a cure under Entz-White nor section 1124(2)(A), and the
Debtor may not override the protections afforded an oversecured
creditor absent a true cure within the meaning of the Bankruptcy
Code.

Accordingly, Wells Fargo requests that the Court reconsider and/or
amend its Memorandum Decision and Confirmation Order to clarify:
(i) that the Plan in this case does not effect a cure within the
meaning of the Bankruptcy Code, and (ii) if confirmation is still
appropriate, that confirmation requires the inclusion of all pre-
petition and post-petition/preconfirmation default interest, fees,
and charges, as provided in the applicable loan documents.

                     Debtor's Objection to WF

Beltway One, which opposed Wells Fargo Bank's motion for
reconsideration, pointed out that Wells Fargo Loan matured on May
16, 2011.  Prior to the maturity, Reorganized Debtor never missed
a payment.  The Chapter 11 case was commenced on July 13, 2011,
and every month since September 2011, the Reorganized Debtor has
tendered monthly payments to Wells Fargo at the contract rate of
interest, which total over $1,000,000 to date.  Under the
confirmed Plan, the Wells Fargo Claim is paid in full.

Talitha Gray Kozlowski, Esq., of Gordon Silver, points out that
the substantial profit Wells Fargo will receive from full
repayment is apparently not enough.  Wells Fargo continued to
demand the Court award it prepetition and postpetition default
interest, despite the fact that: (i) Reorganized Debtor never
missed a payment prior to the Maturity Date; (ii) Reorganized
Debtor has tendered a $30,000 per month adequate protection
payment to Wells Fargo since September 2011; and (iii) Wells Fargo
made the same cure argument at the time of Confirmation, which
argument was rejected by the Court.  Default interest will not
provide any compensatory value to Wells Fargo, and, in fact Wells
Fargo has not even argued that it will.

Despite receiving full repayment of principal, prepetition contact
interest, and its reasonable attorney's fees once authorized by a
final order, Wells Fargo now requests that this Court reconsider
and amend a correct and unambiguous conclusion of law that
"[m]odification of default interest rates and elimination of late
fees and other costs is consistent with the Code and supported by
the case cited by Wells Fargo."  It is irrefutable that the Court
has the authority to modify default interest under the rule
adopted by the Ninth Circuit in In re General Elec. Capital Corp.
v. Future Media Prods., Inc. (In re Future Media Prods., Inc.),
536 F.3d 969 (9th Cir. 2008), as the Court stated in the
Memorandum Decision.  Wells Fargo nevertheless attempts to
transform the Court's references to Future Media and Great Western
Bank & Trust v. Entz-White Lumber and Supply, Inc. (In re Entz-
White Lumber and Supply, Inc.), 850 F.2d 1338 (9th Cir. 1988) into
a finding that the Reorganized Debtor's Plan effectuated an
impermissible Entz-White cure of the Wells Fargo Loan Documents.

However, Ms. Kozlowski submitted that the plain language of the
Plan, Memorandum Decision, and Confirmation Order unequivocally
provide that the Wells Fargo Loan will be amended by virtue of,
among other things, an extended term and amended interest rate.
No Entz-White cure was ever contemplated, and no such cure has or
will be effectuated.  The Court should therefore enter an order
denying the Reconsideration Motion and affirm its Memorandum
Decision and Confirmation Order.  The order should expressly state
that the Plan does not effectuate a cure of the Wells Fargo Loan
Documents, and that the Court disallowed default interest pursuant
to its equitable discretion and the authority granted it by Future
Media.

                       Wells Fargo Response

Bryce A. Suzuki, Esq., of Bryan Cave LLP, representing Wells Fargo
Bank, noted that the Debtor conceded in the opposition that (i)
the Bankruptcy Code requires the payment of Wells Fargo's
reasonable attorneys' fees and expenses; and (ii) the Plan does
not, and will not ever, effect a cure of defaults.  These
admissions alone require amendment to the  Memorandum Decision and
Confirmation Order.  The only remaining question is whether the
Bankruptcy Code requires the payment of post-petition, pre-
effective-date default interest.  The Debtor contends that the
elimination of default interest is permissible based on "equitable
considerations," and that, therefore, no alteration or amendment
to the Memorandum Decision and Confirmation Order is required.

According to Mr. Suzuki, the Debtor's new arguments in this regard
suffer from at least two fatal flaws.  First, they are raised for
the first time in the Opposition, and are contrary to the Debtor's
arguments at Plan confirmation and in its Post-Trial Brief.  The
Debtor is precluded from making these arguments now.  Second, the
Memorandum Decision and, by extension, the Confirmation Order, do
not articulate the Debtor's new arguments as the basis for
decision.  Indeed, the Memorandum  Decision discusses the concept
of "cure" at length but does not once mention "equitable
considerations."  To the extent the Court relied on equitable
considerations, they must be set forth as findings of fact and
conclusions of law pursuant to Federal Rule of Bankruptcy
Procedure 7052 with sufficient particularity to facilitate
informed appellate review.  Finally, even if the Debtor could
overcome all of the foregoing legal hurdles, there is nothing in
the record to support a multi-million dollar windfall to the
Debtor's equity holders while depriving Wells Fargo of its
contractual default rate of interest.

Accordingly, and in light of the Debtor's admissions in the
Opposition and the arguments made in the Motion, Wells Fargo
submits that the Confirmation Order must, at a minimum, be amended
(i) to clarify that the concept of cure, under Entz-White and its
progeny, is inapplicable under the circumstances of this case; and
(ii) to require the payment of post-petition, pre-effective-date
default interest, charges, fees, and expenses as part of Wells
Fargo's claim pursuant to Section 506(b) of the Bankruptcy Code
and applicable law.

                      About Horizon Village

Four related Las Vegas, Nevada-based entities sought Chapter 11
bankruptcy protection on July 13, 2011.  The businesses are owned
or managed by local business people and firms, including Todd
Nigro, Nigro Development LLC, a Nigro family trust and other
investors.

Horizon Village Square LLC (Bankr. D. Nev. Case No. 11-21034) owns
the Vons-anchored Horizon Village Square Shopping Center near
I-515 and Horizon Drive in Henderson.  The property includes five
retail buildings with nearly 43,000 square feet of space.

Ten Saints LLC (Bankr. D. Nev. Case No. 11-21028) owns the 134-
room Hampton Inn & Suites at St. Rose Parkway and Seven Hills
Drive in Henderson.  The Hon. Mike K. Nakagawa of the U.S.
Bankruptcy Court for the District of Nevada on Nov. 18, 2011,
entered a final decree closing the Chapter 11 case of Ten Saints
LLC.

Beltway One Development Group LLC (Bankr. D. Nev. Case No. 11-
21026) owns the Desert Canyon Business Park at Russell Road and
the Las Vegas Beltway. It has two buildings and 15 acres.

Nigro HQ LLC (Bankr. D. Nev. Case No. 11-21014) owns an office
building at 9115 W. Russell Road occupied by Bank of George,
Infinity Plus LLC and Nigro Construction Inc.

Todd Nigro said the four bankruptcies were caused by threatened
foreclosures -- typically related to Wells Fargo Bank demanding
payments to keep loan-to-value ratios at specified levels.

Judge Mike K. Nakagawa presides over the cases.  Lawyers at Gordon
Silver serve as the Debtors' bankruptcy counsel.  The bankruptcy
petitions estimated assets and debts from $1 million to
$10 million each for Nigro HQ; and from $10 million to $50 million
in both assets and debts for Horizon Village, Ten Saints and
Beltway One.  The cases are not jointly administered.

A fifth related business, Russell Boulder LLC, filed for
bankruptcy (Bankr. D. Nev. Case No. 10-29724) on Oct. 19, 2010.
It owns the 600-suite Siena Suites extended stay property at
Boulder Highway and Russell Road.

Edward M. Zachary, Esq., at Bryan Cave LLP, in Bryan Cave LLP, in
Phoenix, Ariz., and Robert M. Charles, Jr., Esq., at Lewis and
Roca LLP, in Los Vegas, Nev., represent Wells Fargo Bank, N.A., as
counsel.


C.P. MILLER: Public Auction Slated for Dec. 1
---------------------------------------------
C.P. Miller Inc. will offer for sale at public auction to the
highest bidder for cash at 3:30 p.m. on Dec. 1, 2014, at the
Courthouse door in Asheboro, Randolph County, North Carolina, all
of the debtor's right, title and interest in Lot No. 21 property
located at 6953 Courtland Drive in Thomasville, North Carolina.

In the event the debtor files a bankruptcy petition prior to the
expiration of the 10-day period required by G.S. 45-21.27, an
automatic stay of the foreclosure will be imposed in accordance
to Section 362 of the Bankruptcy Code and the bidder must pursue
relief through the bankruptcy court.

Randolph County Registry may require the high bidder to deposit
cash at the sale in an amount equal to the greater of 5% of the
amount of the bid or $750.  If no upset bid is filed, the balance
of the purchase price, less deposit, must be made in cash upon
tender of the deed.  Third party purchasers at sale must pay the
tax of $0.45 per $100 as required by NCGS 7A-308(a)(1).


C.S. BIOSCIENCE: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: C.S. Bioscience Inc.
        521 Park Avenue
        New York, NY 10065

Case No.: 14-13274

Chapter 11 Petition Date: November 26, 2014

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

Debtor's Counsel: Nancy Lynne Kourland, Esq.
                  ROSEN & ASSOCIATES, P.C.
                  747 Third Avenue
                  New York, NY 10017
                  Tel: (212) 223-1100
                  Fax: (212) 223-1102
                  Email: nkourland@rosenpc.com

Total Assets: $181,831 as of Oct. 31, 2014

Total Liabilities: $1.71 million as of Oct. 31, 2014

The petition was signed by Gerald Curatola, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nysb14-13274.pdf


C.W. WILLIAMS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: C.W. Williams Community Health Center, Inc.
        P.O. Box 668093
        Charlotte, NC 28266-8093

Case No.: 14-32010

Nature of Business: Health Care

Chapter 11 Petition Date: November 26, 2014

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

Judge: Hon. Laura T. Beyer

Debtor's Counsel: Robert Lewis, Jr., Esq.
                  THE LEWIS LAW FIRM LLC
                  421 Fayetteville Street Suite 1507
                  Raleigh, NC 27601
                  Tel: 919-792-1920
                  Fax: 919-322-0341
                  Email: rlewis@thelewislawfirm.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Leon L. Burton, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ncwb14-32010.pdf


CAESARS ENTERTAINMENT: Agent Granted Interest to Alleged Claims
---------------------------------------------------------------
Caesars Entertainment Operating Company, Inc., a subsidiary of
Caesars Entertainment Corporation, is party to a collateral
agreement dated as of Dec. 24, 2008, by and among CEOC, the
subsidiary parties party thereto and Delaware Trust Company, as
successor collateral agent for the secured parties covered by the
Collateral Agreement.

On Nov. 25, 2014, the Pledgors granted to the Second Lien
Collateral Agent, for the benefit of holders of CEOC's second
priority senior secured notes, a security interest in and lien on
all such Pledgors' right, title and interest in and to, to the
extent existing, the alleged Commercial Tort.

On Sept. 25, 2014, the Pledgors had previously granted to Credit
Suisse AG, Cayman Islands Branch, as collateral agent for CEOC's
senior secured credit facilities and first priority senior secured
notes, a security interest in and related liens on those alleged
Commercial Tort Claims.  In each case, the granting of the
security interests and related liens is not an acknowledgement or
admission by any Pledgor or any other person or entity that any of
the alleged Commercial Tort Claims does in fact have any merit or
value, or that any Pledgor has any right, title or interest
therein or standing to bring any or all of the alleged claims.

                    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.  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.

                           *     *     *

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: 2020 Bank Debt Trades at 7% Off
------------------------------------------------------
Participations in a syndicated loan under which Caesars
Entertainment Inc. is a borrower traded in the secondary market at
93.16 cents-on-the-dollar during the week ended Friday, November
28, 2014, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
an increase of 0.65 percentage points from the previous week, The
Journal relates.  Caesars Entertainment Inc. pays 525 basis points
above LIBOR to borrow under the facility.  The bank loan matures
on April 2, 2021, and carries Moody's B2 rating and Standard &
Poor's B+ rating.  The loan is one of the biggest gainers and
losers among 205 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Friday.


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

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

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

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

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

                      About Cash Store Financial

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

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

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


COLT DEFENSE: Incurs $7.8 Million Net Loss in Third Quarter
-----------------------------------------------------------
Colt Defense LLC filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $7.83 million on $51.11 million of net sales for the quarter
ended Sept. 28, 2014, compared to net income of $10.85 million on
$73.03 million of net sales for the three months ended Sept. 29,
2013.

For the nine months ended Sept. 28, 2014, the Company reported a
net loss of $28.4 million on $151 million of net sales compared to
net income of $20.37 million on $201 million of net sales for the
nine months ended Sept. 29, 2013.

The Company's balance sheet at Sept. 28, 2014, showed $247 million
in total assets, $417 million in total liabilities and a
$170 million total deficit.

"As it is probable that we may not have sufficient liquidity to be
able to make our May 15, 2015 Senior Notes interest payment
without meeting our internal projections (including addressing our
Senior Notes), our long-term debt has been classified as current
in the consolidated balance sheet.  Currently we do not have
sufficient funds to repay the debt upon an actual acceleration of
maturity.  In the event of an accelerated maturity, our lenders
may take actions to secure their position as creditors and
mitigate their potential risks.  These events would adversely
impact our liquidity.  These factors raise substantial doubt about
our ability to continue as a going concern," the Company stated in
the Report.

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

                       http://is.gd/74DXIK

                        About Colt Defense

Colt Defense LLC, headquartered in West Hartford, CT, manufactures
small arms weapons systems for individual soldiers and law
enforcement personnel for the U.S. military, U.S. law enforcement
agencies, and foreign militaries.  Post the July 2013 acquisition
of New Colt Holding Corp., the parent company of Colt's
MANUFACTURING COMPANY, the company also has direct access to the
commercial end-market for rifles, carbines and handguns.  Revenues
for the last twelve months ended June 30, 2014 totaled $243
million.

                          *     *     *

As reported by the TCR on Nov. 17, 2014, Moody's Investors Service
downgraded Colt Defense LLC's Corporate Family Rating ("CFR") to
Caa3 from Caa2 and Probability of Default Rating ("PDR") to Caa3-
PD from Caa2-PD. Concurrently, Moody's lowered the rating on the
company's $250 million senior unsecured notes to Ca from Caa3.
The downgrade was based on statements made by Colt Defense in its
November 12, 2014 Form NT 10-Q filing. In the filing the company
indicated that it expects to report a decline in net sales for the
three month period ended September 28, 2014 versus the same period
last year of approximately 25 percent together with a decline in
operating income of approximately 50 percent.

On Nov. 20, 2014, the TCR reported that Standard & Poor's Ratings
Services raised its corporate credit rating on U.S.-based gun
manufacturer Colt Defense LLC to 'CCC' from 'CCC-' and removed all
ratings from CreditWatch, where they were placed with negative
implications on Nov. 13, 2014.  "The upgrade reflects a reduced
likelihood of default in the coming months following a recent
refinancing that improved the company's liquidity profile
somewhat," said Standard & Poor's credit analyst Chris Mooney.


COLUMBUS DOWNTOWN: S&P Puts 'B' Rating on CreditWatch Negative
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it placed its ratings
on the following bonds issued for the Columbus Downtown
Development Authority, Ga. on CreditWatch with negative
implications:

   -- Wichita (Christian Relief Services) multifamily housing
      revenue bonds (Brentwood Manor Project) senior-lien series
      IX-A 95 ('B' rating), Wichita (Christian Relief Services)
      multifamily revenue bonds (Brentwood Manor Project) series
      IX-B1995 ('B-' rating), Downtown Development Authority of
      Columbus senior housing rental revenue bonds (Ralston
      Towers Project) series 2014A ('A-' rating), and

   -- Downtown Development Authority of Columbus senior housing
      rental revenue bonds (Ralston Towers Project) series
      2014A-T ('A-' rating).

"This action follows our repeated attempts to obtain timely
information of satisfactory quality to maintain our rating(s) on
the securities in accordance with our applicable criteria and
policies," said Standard & Poor's credit analyst Renee Berson.
Failure to receive the requested information by Dec. 1, 2014 will
likely result in S&P's suspension of the affected ratings,
preceded, in accordance with its policies, by any change to the
ratings that S&P considers appropriate given available
information.


CONSOLIDATED SERVICES: Case Summary & 7 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Consolidated Services, Inc.
           dba Carolina Crossing Golf Club
        140 Carolina Crossing Drive
        York, SC 29745

Case No.: 14-06751

Chapter 11 Petition Date: November 26, 2014

Court: United States Bankruptcy Court
       District of South Carolina (Spartanburg)

Debtor's Counsel: Jane H. Downey, Esq.
                  MOORE TAYLOR LAW FIRM, P.A.
                  1700 Sunset Blvd
                  PO Box 5709
                  West Columbia, SC 29171
                  Tel: 803-796-9160
                  Email: jane@mttlaw.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Judy Downs Schaftner, director.

A list of the Debtor's seven largest unsecured creditors is
available for free at  http://bankrupt.com/misc/scb14-06751.pdf


CROSSFOOT ENERGY: Section 341(a) Meeting Set for Jan. 9
-------------------------------------------------------
A meeting of creditors in the bankruptcy case of CrossFoot Energy,
LLC, will be held on Jan. 9, 2015, at 10:30 a.m. at FTW 341 Rm
7A24.  Creditors have until April 9, 2015, to submit their proofs
of claim.

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

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

                      About CrossFoot Energy

Based in Fort Worth, Texas, with a field office in Midland, Texas,
CrossFoot Energy, LLC, and its affiliates operate an oil and gas
company focused on the acquisition and improvement of lower-risk,
long live proven reserves.  CrossFoot's primary production occurs
out of the Siluro-Devonian formation with significant additional
shallower reserves behind-pipe in the Spraberry, Wolfcamp, Strawn,
Penn Lime and Mississippian formations.

CrossFoot Energy, LLC, and four of its affiliates sought Chapter
11 for protection (Bankr. N.D. Tex. Case Nos. 14-44668 to
14-44672) in Ft. Worth, Texas on Nov. 20, 2014.  The case is
assigned to Judge Russell F. Nelms.  Jeff P. Prostok, Esq., at
Forshey & Prostok, LLP, in Ft. Worth, Texas, serves as counsel to
the Debtors.  CrossFoot Energy Fund II estimated assets of $10
million to $50 million and liabilities of $1 million to $10
million.

As of the Petition Date, secured creditor Prosperity Bank is owed
$12. 1 million.


CTI BIOPHARMA: Reports $17.7MM Net Financial Standing at Oct. 31
----------------------------------------------------------------
CTI BioPharma Corp. reported total estimated and unaudited net
financial standing of $17.7 million as of Oct. 31, 2014.

The total estimated and unaudited net financial standing of CTI
Consolidated Group as of Oct. 31, 2014, was $18.4 million.

CTI Parent Company trade payables outstanding for greater than 30
days were approximately $4 million as of Oct. 31, 2014.

CTI Consolidated Group trade payables outstanding for greater than
30 days were approximately $5.2 million as of Oct. 31, 2014.

During October 2014, there were solicitations for payment only
within the ordinary course of business and there were no
injunctions or suspensions of supply relationships that affected
the course of normal business.

During the month of October 2014, the Company's common stock, no
par value, outstanding increased by 8,954,649 shares.
Consequently, the number of issued and outstanding shares of
Common Stock as of Oct. 31, 2014, was 159,090,095.

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

                        http://is.gd/Ywy2Xy

                        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.


DIALOGIC INC: Tennenbaum Capital No Longer a Shareholder
--------------------------------------------------------
Tennenbaum Capital Partners, LLC, disclosed in an amended Schedule
13D filed with the U.S. Securities and Exchange Commission that as
of Nov. 24, 2014, it no longer beneficially owns any shares of
common stock of Dialogic Inc.  Tennenbaum Capital previously
reported beneficial ownership of 70,875,494 shares of common stock
of Dialogic Inc. representing 90.6 of the shares then outstanding.

As previously disclosed, on Oct. 10, 2014, the Dialogic Inc.
entered into an Agreement and Plan of Merger with Dialogic Group
Inc., a Canadian corporation ("Parent"), and Dialogic Merger Inc.,
a wholly owned subsidiary of Parent ("Sub").  Pursuant to the
Merger Agreement, on Oct. 24, 2014, Sub commenced a tender offer
to purchase all of the outstanding shares of Common Stock at a
purchase price of $0.15 per share, net to the seller in cash
without interest and less any applicable withholding taxes.  All
shares of Common Stock beneficially owned by the Reporting Person
were tendered in the Offer and not withdrawn, and the Offer
expired at 11:59 PM, Eastern Time, on Nov. 21, 2014.

On Nov. 24, 2014, Parent and Sub completed the Offer, and pursuant
to the terms and conditions of the Merger Agreement, Sub was
merged with and into the Issuer, with the Issuer surviving as a
wholly owned subsidiary of Parent.  In connection with the Merger,
(a) each outstanding share of Common Stock not tendered in the
Offer was converted into the right to receive the Offer Price and
(b) each of the unexercised Warrants beneficially owned by the
Reporting Person was cancellked, without consideration or other
payment thereon.

A full-text copy of the regulatory filing is available at:

                        http://is.gd/YGddKn

                          About Dialogic

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

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

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


ELBIT IMAGING: MHLW Approves MRgFUS for Treatment in Japan
----------------------------------------------------------
Elbit Imaging Ltd. Said it was informed by InSightec Ltd. that
Japan's Ministry of Health, Labor and Welfare has approved
InSightec's MR-guided Focused Ultrasound (MRgFUS) system for the
treatment of pain palliation caused by bone metastases and
advanced treatment for women with uterine fibroids.  As a result,
InSightec may expand its product portfolio for the Japanese
market.

MHLW has also approved the advanced treatment for women with
uterine fibroids.  This advanced treatment provides additional
treatment options and shortens treatment time, allowing physicians
to better monitor the procedure.

GE Healthcare is the holder of the above mentioned approval and
distributor of ExAblate in Japan.

The Company holds approximately 89% of the share capital of Elbit
Medical Technologies Ltd. (TASE: EMTC-M) (on a fully diluted
basis) which, in turn, holds approximately 37.6% of the share
capital in InSightec (and 33.3% on a fully diluted basis).

                        About Elbit Imaging

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

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

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

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

Elbit Imaging reported a loss of NIS1.56 billion on
NIS360.59 million of total revenues for the year ended Dec. 31,
2013, as compared with a loss of NIS483.98 million on NIS418.48
million of total revenues in 2012.

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

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


ELBIT IMAGING: Incurs NIS 32 Million Net Loss in Q3
---------------------------------------------------
Elbit Imaging Ltd reported a net loss of NIS 32.10 million on
NIS 278.43 million of total revenues for the three months ended
Sept. 30, 2014, compared to a net loss of NIS 702.42 million on
NIS 91.14 million of total revenues for the same period in 2013.

For the nine months ended Sept. 30, 2014, the Company reported net
income of NIS 950.62 million on NIS 457.14 million of total
revenues compared to a net loss of NIS 1.28 billion on NIS 259.52
million of total revenues for the same period a year ago.

As of Sept. 30, 2014, the Company had NIS 3.94 billion in total
assets, NIS 3.07 billion in total liabilities and NIS 861.43
million in shareholders' equity.

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

                        http://is.gd/HSyb2q

                        About Elbit Imaging

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

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

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

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

Elbit Imaging reported a loss of NIS1.56 billion on
NIS360.59 million of total revenues for the year ended Dec. 31,
2013, as compared with a loss of NIS483.98 million on NIS418.48
million of total revenues in 2012.

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


ENERGY SERVICES: Projects $93.3-Mil. Revenue for Fiscal 2014
------------------------------------------------------------
Energy Services of America, parent company of C.J. Hughes
Construction Company and Nitro Electric Company, announced
estimated revenue of $93.3 million for fiscal year ended Sept. 30,
2014.  Gross margin and income from operations are estimated at
$8.5 million and $2.2 million, respectively.  Net income available
to common shareholders, which includes estimated tax benefits of
$2.3 million, is estimated at $3.3 million.  The company projects
EBITDA of $5.6 million, or $0.39 per share, and earnings per share
of $0.23 on 14,239,836 common shares outstanding.  The projected
backlog at Sept. 30, 2014, is $51.8 million.  Energy Services
expects to publicly issue final earnings numbers on Dec. 18, 2014.

Douglas Reynolds, President, commented on the announcement, "We
are very pleased with our estimated earnings based on the number
of obstacles we had to overcome in fiscal year 2014.  From the
restructuring of our debt and termination of the forbearance
agreement to securing a line of credit for operating capital and
re-establishing our bonding capacity, we believe that we have laid
the foundation for greater success in the years to come."

                       About Energy Services

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

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

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

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


EQUINOX HOLDINGS: Moody's Lowers 1st Lien Bank Debt Rating to B1
----------------------------------------------------------------
Moody's Investors Service downgraded the first lien senior secured
bank debt rating of Equinox Holdings, Inc. (Equinox) to B1 from
Ba3, and affirmed the company's other ratings including its B2
Corporate Family Rating following the company's announcement that
it was proposing to amend its credit agreement to allow for a $150
million add-on to its term loan. At the same time, Moody's
affirmed the company's Probability of Default Rating at B2-PD and
its second lien senior secured debt at Caa1. The rating outlook is
stable.

Proceeds from the proposed $150 million add-on will be used for
general corporate purposes including payment of expiring stock
options. The amendment is also expected to allow for SoulCycle to
be designated as an unrestricted subsidiary, allow for an
additional $150 million add-on to the term loan subject to a
leverage ratio, and allow for unlimited netting of cash
(previously had a cap of $50 million). Equinox will also reset
and/or increase each dollar basket in the credit agreement
including the general investment and restricted payment
provisions. The amendment does not extend the maturity date of the
debt.

The downgrade to the first lien senior secured bank facility --
consisting of a $100 million revolver expiring in 2018 and a pro
forma $742 million term loan due 2020 -- reflects the increased
amount of first lien debt relative to the junior debt below it in
the capital structure. The change in debt mix weakens the recovery
prospects of the expanded first lien debt class in the event of
default. It is important to note Equinox's two unrestricted
subsidiaries -- SoulCycle and Blink -- do not have any debt that
would take priority over Equinox's debt; therefore, Moody's
continue view the company's debt as pledged to all assets,
including SoulCyle and Blink.

Moody's views the removal of SoulCycle's operations from the
restricted group -- that now only includes the Equinox and Pure
Yoga operations -- as a credit negative. Although SoulCycle only
accounted for about 12% of segment earnings for the last 12 month
period ended September 30, 2014, it is Equinox's fastest growing
segment. Within the next few years, Moody's expects that earnings
from SoulCycle and Blink will make up about 20% of the
consolidated entity's total earnings. Assets and cash flow at
SoulCycle and Blink are still available to support the debt since
Equinox still maintains its equity of those entities. However,
debt holders no longer hold a security interest in the assets and
this could weaken recovery prospects in a default. In addition,
designation of SoulCycle as an unrestricted subsidiary could
facilitate future distributions that weaken Equinox's assets and
cash flow.

Moody's took the following rating actions on Equinox Holdings,
Inc.:

Ratings affirmed:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

$200 million second lien senior secured term loan due 2020 at Caa1
(LGD5)

Ratings downgraded:

$100 million first lien senior secured revolving credit facility
due 2018 to B1 (LGD3) from Ba3 (LGD3)

$742 million (including proposed $150 million add-on) first lien
senior secured term loan due 2020 to B1 (LGD3) from Ba3 (LGD3)

Ratings Rationale

The B2 CFR reflects Equinox's high leverage and modest interest
coverage with Moody's adjusted debt/EBITDA and EBITA/interest
expense expected to approximate 7.0 times and 1.1 times,
respectively, at the end of 2015 (including contribution from the
SCLA acquisition). Moody's estimates leverage at the end of 2015
will be a higher 7.6 times for the restricted group (excluding
Blink and SoulCycle). Moody's also expects capex spend on
discretionary investments in new facilities and upgrades to
existing clubs will consume the company's free cash flow,
resulting in no debt reduction beyond mandatory amortization.

Despite these concerns, the ratings also reflect Equinox's strong
market position in upscale fitness clubs, good operating trends
such as membership counts and spending relative to its peers,
upside from the membership ramp up at recently opened clubs, and
the fitness industry's favorable long-term growth fundamentals.
For the last 12 month period ended September 30, 2014, the Equinox
restricted group grew EBITDA by about 10% versus the prior year
through positive comparable club revenue growth and growth in the
number of clubs. Moody's expects a continuation of this strong
growth will provide cash flow and de-leveraging capacity that the
company will use to continue to re-invest in its brands to enhance
long term earnings potential.

The stable rating outlook reflects Moody's expectation that
Equinox will generate sufficient cash flow to fund new club
investments and maintain its good liquidity position. Any
deleveraging will come from EBITDA growth, as Moody's does not
expect the company will permanently reduce debt above and beyond
required amortization on the first lien senior secured term loan.

The ratings could be upgraded if Equinox is able to sustain high
single digit comparable-club revenue growth, continue to execute
on its expansion strategy, and improve profitability such that
restricted group debt to EBITDA approaches 5.0 times and EBITDA
less maintenance capex to interest exceeds 2.0 times. Downward
ratings pressure could be caused if comparable club revenue slows
meaningfully or earnings growth is weaker than expected. A
material weakening of the company's liquidity profile could also
pressure the ratings.

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

Headquartered in New York, Equinox Holdings, Inc. operates under
the Equinox, Pure Yoga, SoulCycle and Blink fitness brands. The
company operates in both the upper-end and the middle to budget
market segments and targets members from all demographics. Equinox
is owned by individuals and entities affiliated with Related
Companies, L.P. ("Related"), a New York limited partnership,
Leonard Green & Partners, L.P. and members of management.
Consolidated revenues approximated $820 million for the LTM period
ended September 30, 2014.


FORTESCUE METALS: Bank Debt Trades at 6% Off
--------------------------------------------
Participations in a syndicated loan under which Fortescue Metals
Group Ltd is a borrower traded in the secondary market at 93.69
cents-on-the-dollar during the week ended Friday, November 28,
2014, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
a decrease of 1.89 percentage points from the previous week, The
Journal relates.  Fortescue Metals pays 325 basis points above
LIBOR to borrow under the facility.  The bank loan matures on June
13, 2019, and carries Moody's Baa3 rating and Standard & Poor's
BBB rating.  The loan is one of the biggest gainers and losers
among 212 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.


FRED FULLER: Bankruptcy Judge Approves Sale
-------------------------------------------
The Associated Press reported that fuel trucks are making
deliveries to homes after a judge approved the sale of a New
Hampshire home heating oil in bankruptcy court.  According to the
report, a deal was reached for Fred Fuller Oil & Propane to be
sold to Rymes Propane & Oil for $12 million to $13 million.

                      About Fred Fuller Oil

Hudson, New Hampshire-based Fred Fuller Oil & Propane Co., Inc.,
the largest heating oil company in the state, serving about 30,000
New Hampshire customers.  It sought Chapter 11 protection
(Bankr. D. N.H. Case No. 14-12188) in Manchester, New Hampshire,
on Nov. 10, 2014, without stating a reason.  It estimated $10
million to $50 million in assets and debt.  The Nov. 10, 2014
court filing show that the Debtor has about $13.5 million in
debts.  Jeremy Blackman at Concord Monitor reports reports that
the Debtor owes more than $276,000 to Harvard Pilgrim Health Care
and nearly $94,000 to the city of Laconia and the towns of Hudson,
Milford and Northfield.

According to Concord Monitor, the bankruptcy case was initially
filed on Nov. 10 under Chapter 7, but that has since been
terminated and replaced with a Chapter 11 restructuring proposal.

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.


FULLCIRCLE REGISTRY: Amends 21 Million Shares Resale Prospectus
---------------------------------------------------------------
FullCircle Registry, Inc., filed with the U.S. Securities and
Exchange Commission an amended registration statement on Form
S-1/A relating to the offering of 21,000,000 shares, representing
approximately 15.4% of the Company's outstanding common stock if
all shares are sold, for sale by Kodiak Capital Group, LLC, a
Delaware limited liability company, pursuant to a Stock Purchase
Agreement.  The agreement allows the Company to require Kodiak to
purchase up to $1,500,000 of the Company's common stock.

The Company amended the Registration Statement to delay its
effective date.

The Company is not selling any shares of common stock in the
resale offering.  The Company, therefore, will not receive any
proceeds from the sale of the shares by the selling shareholder.
The Company will, however, receive proceeds from the sale of
securities to Kodiak pursuant to Put Notices under the Stock
Purchase Agreement.

The Company's common stock is registered under Section 12(g) of
the Securities Exchange Act of 1934 and is currently traded on the
OTC Markets Group (OTC.QB Tier) under the symbol "FLCR."  The
closing price of the Company's common stock as reported on the OTC
Bulletin Board on Nov. 7, 2014, was $ .0225.

A full-text copy of the amended prospectus is available at:

                        http://is.gd/hykz8X

                      About FullCircle Registry

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

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

As of Sept. 30, 2014, the Company had $5.66 million in total
assets, $6.11 million in total liabilities and a $451,210 total
stockholders' deficit.

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

As reported by the TCR on Oct. 20, 2014, Rodefer Moss had resigned
as the Company's auditors.


FUSION TELECOMMUNICATIONS: Stockholders Elected 9 Directors
-----------------------------------------------------------
Fusion Telecommunications International, Inc., held its 2014
annual meeting of stockholders on Nov. 21, 2014, at the Company's
principal office located at 420 Lexington Avenue, Suite 1718, New
York, New York 10170, at which the stockholders:

  1. elected Marvin S. Rosen, Philip D. Turits, Matthew D. Rosen,
     Alan Brumberger, Jack Rosen, Paul C. O'Brien, Michael J. Del
     Giudice, Larry Blum and William Rubin as directors to hold
     office until the Company's next Annual Meeting of
     Stockholders;

  2. ratified the engagement of EisnerAmper LLP to act as the
     Company's Independent Registered Public Accountant for the
     year ending Dec. 31, 2014; and

  3. approved an amendment to the Company's Certificate of
     Incorporation to increase the number of authorized shares of
     Common Stock of the Company to 50,000,000.

                  About Fusion Telecommunications

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

Fusion Telecommunications incurred a net loss applicable to common
stockholders of $5.48 million in 2013, a net loss applicable to
common stockholders of $5.61 million in 2012 and a net loss of
$4.45 million in 2011.

As of Sept. 30, 2014, the Company had $67 million in total
assets, $54.55 million in total liabilities and $12.42 million in
total stockholders' equity.


FV-CBA LLC: Case Summary & 5 Unsecured Creditors
------------------------------------------------
Debtor: FV-CBA LLC
        3303 Airline Blvd, Suite 1F
        Portsmouth, VA 23701

Case No.: 14-74295

Chapter 11 Petition Date: November 26, 2014

Court: United States Bankruptcy Court
       Eastern District of Virginia (Norfolk)

Judge: Hon. Frank J. Santoro

Debtor's Counsel: Olga Antle, Esq.
                  CROWLEY, LIBERATORE, RYAN & BROGAN, P.C.
                  150 Boush Street, Suite 300
                  Norfolk, VA 23510
                  Tel: 757-333-4500
                  Email: oantle@clrbfirm.com

                       - and -

                  Ann B. Brogan, Esq.
                  CROWLEY, LIBERATORE, RYAN & BROGAN P. C.
                  Town Point Center, Suite 300
                  150 Boush Street
                  Norfolk, VA 23510
                  Tel: 757-333-4500
                  Fax: 757-333-4501
                  Email: abrogan@clrbfirm.com

Total Assets: $993,949

Total Liabilities: $1.87 million

The petition was signed by James K. Jolley, managing member.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/vaeb14-74295.pdf


GLOBAL COMPUTER: Panel Hires Leach Travell as Local Counsel
-----------------------------------------------------------
The Official Committee of Unsecured Creditors of Global Computer
Enterprises, Inc. seeks authorization from the U.S. Bankruptcy
Court for the Eastern District of Virginia to retain Leach Travell
Britt PC as local bankruptcy counsel, effective Nov. 3, 2014.

The Committee requires Leach Travell to:

   (a) advise the Committee with respect to its powers and duties
       under section 1103 of the Bankruptcy Code;

   (b) take all necessary action to preserve, protect, and
       maximize the value of the bankruptcy estate for the benefit
       of unsecured creditors, including but not limited to,
       investigating the acts, conduct, assets, liabilities, and
       financial condition of the Debtor, the operation of the
       Debtor's business, and any other matters relevant to this
       chapter 11 case or to the formulation of a plan attend
       meetings and negotiate with representatives of creditors
       and other parties-in-interest;

   (c) advise and represent the Committee with respect to its
       review and analysis of the relief requested in the Debtor's
       various bankruptcy pleadings and its negotiation of, and
       formal objection to, such requested relief as and when
       necessary to preserve the rights of unsecured creditors and
       to maintain the value of assets;

   (d) advise the Committee in connection with any plan of
       reorganization that may be filed by the Debtor and in the
       formulation of any creditor plan as may be in the best
       interests of the Committee and the bankruptcy estate;

   (e) prepare and prosecute any and all motions, applications,
       objections, replies, orders, complaints, answers, reports,
       and other papers on behalf of the Committee that may be
       necessary to assert or preserve the Committee's interests
       in this case; and

   (f) perform all other necessary legal services and provide all
       other necessary legal advice to the Committee in connection
       with this case.

Leach Travell will be paid at these hourly rates:

       Partners      $450
       Associates    $275

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

Lawrence A. Katz, partner of Leach Travell, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Leach Travell can be reached at:

       Lawrence A. Katz, Esq.
       LEACH TRAVELL BRITT PC
       8270 Greensboro Drive, Suite 700
       Tysons Corner, VA 22102
       Tel: (703) 584-8362
       Fax: (703) 584-8901

                      About Global Computer

Global Computer Enterprises, Inc., dba GCE, is a cloud-based
"software as a service" provider, commonly referred to as a
"SAAS," offering financial management solutions primarily to
executive departments of the federal government and independent
federal government agencies.  GCE sought protection under Chapter
11 of the Bankruptcy Code (Case No. 14-13290, Bankr. E.D. Va.) on
Sept. 4, 2014.  The case is assigned to Judge Robert G. Mayer.

The Debtor's counsel is David I. Swan, Esq., at McGuirewoods LLP,
in McLean, Virginia.  The Debtor's financial advisor is Weinsweig
Advisors.  The petition was signed by Mike Freeman, interim chief
operating officer.

Judge Mayer designated Mike Freeman to perform duties imposed upon
GCE by the Bankruptcy Code.

The U.S. Trustee for Region 4 appointed three creditors of Global
Computer Enterprises, Inc. to serve on the official committee of
unsecured creditors.


GLOBAL COMPUTER: Panel Hires Armstrong Teasdale as Counsel
----------------------------------------------------------
The Official Committee of Unsecured Creditors of Global Computer
Enterprises, Inc. seeks authorization from the U.S. Bankruptcy
Court for the Eastern District of Virginia to retain Armstrong
Teasdale LLP as counsel for the Committee as of Sept. 22, 2014.

The Committee requires Armstrong Teasdale to:

   (a) assist and advise the Committee in its consultation with
       the Debtor relative to the administration of these cases;

   (b) attend meetings and negotiate with the representatives of
       the Debtor;

   (c) assist and advise the Committee in its examination and
       analysis of the conduct of the Debtor's affairs;

   (d) assist and advise the Committee in its evaluation of issues
       related to any claim of the United States of America,
       alleged by the Department of Justice ("DOJ");

   (e) assist the Committee in the review, analysis, and
       negotiation of a plan of liquidation and disclosure
       statement and such related agreements and documents
       necessary for confirmation of such plan;

   (f) take all necessary action to protect and preserve the
       interests of the Committee and the Estate, including (i)
       possible prosecution of actions on its behalf, (ii) if
       appropriate, negotiations concerning all litigation in
       which the Debtor is or becomes involved, and (iii) if
       appropriate, review and analysis of claims filed against
       the Debtor's estate;

   (g) prepare on behalf of the Committee all necessary motions,
       applications, answers, orders, reports and papers in
       support of positions taken by the Committee;

   (h) appear, as appropriate, before this Court, the Appellate
       Courts, other courts and tribunals, and the United States
       Trustee, and to protect the interests of the Committee and
       the Estate, before said Courts and the United States
       Trustee; and

   (i) perform all other necessary legal services and provide all
       other legal advice to the Committee in the Debtor's chapter
       11 case.

Armstrong Teasdale will be paid at these hourly rates:

       Richard Engel, Jr., Partner       $525
       David Going, Partner              $525
       Kevin Evans, Partner              $400
       Susan Ehlers, Partner             $385
       Tracy O'Steen, Of Counsel         $350
       Clifton Martin, Associate         $200
       Melissa Scott, Paralegal          $125

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

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

Armstrong Teasdale can be reached at:

       Richard W. Engel, Jr., Esq.
       ARMSTRONG TEASDALE LLP
       7700 Forsyth, Suite 1800
       St. Louis, MO 63105
       Tel: (314) 621-5070
       Fax: (314) 621-5065
       E-mail: rengel@armstrongteasdale.com

                      About Global Computer

Global Computer Enterprises, Inc., dba GCE, is a cloud-based
"software as a service" provider, commonly referred to as a
"SAAS," offering financial management solutions primarily to
executive departments of the federal government and independent
federal government agencies.  GCE sought protection under Chapter
11 of the Bankruptcy Code (Case No. 14-13290, Bankr. E.D. Va.) on
Sept. 4, 2014.  The case is assigned to Judge Robert G. Mayer.

The Debtor's counsel is David I. Swan, Esq., at McGuirewoods LLP,
in McLean, Virginia.  The Debtor's financial advisor is Weinsweig
Advisors.  The petition was signed by Mike Freeman, interim chief
operating officer.

Judge Mayer designated Mike Freeman to perform duties imposed upon
GCE by the Bankruptcy Code.

The U.S. Trustee for Region 4 appointed three creditors of Global
Computer Enterprises, Inc. to serve on the official committee of
unsecured creditors.


GT ADVANCED: Pomerantz Law Firm Files Securities Class Action
-------------------------------------------------------------
Pomerantz LLP on Nov. 28 disclosed that it has filed a class
action lawsuit against GT Advanced Technologies, Inc. and certain
of its officers.  The class action, filed in United States
District Court, District of New Hampshire, and docketed under 14-
cv-00485, is on behalf of a class consisting of all persons or
entities who purchased GT Advanced securities between November 5,
2013 and October 6, 2014, inclusive.  This class action seeks to
recover damages against Defendants for alleged violations of the
federal securities laws under the Securities Exchange Act of 1934.

If you are a shareholder who purchased GT Advanced securities
during the Class Period, you have until December 8, 2014 to ask
the Court to appoint you as Lead Plaintiff for the class.  A copy
of the Complaint can be obtained at www.pomerantzlaw.com
To discuss this action, contact Robert S. Willoughby at
rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll
free, x237.  Those who inquire by e-mail are encouraged to include
their mailing address, telephone number, and number of shares
purchased.

GT Advanced is a diversified technology company producing advanced
materials and innovative crystal growth equipment for the global
consumer electronics, power electronics, solar and LED industries.

On November 4, 2013, the Company announced that it had entered
into a multiyear supply agreement with Apple Inc. to provide
sapphire material.  Under the Apple Agreement, GT Advanced would
own and operate ASF furnaces and related equipment to produce the
material at an Apple facility in Arizona. Pursuant to the Apple
Agreement, Apple would provide GT Advanced with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, the Company would reimburse Apple for the prepayment over
a five-year period.

The Complaint alleges that throughout the Class Period, Defendants
made false and/or misleading statements, as well as failed to
disclose material adverse facts about the Company's business,
operations, and prospects.  Specifically, Defendants made false
and/or misleading statements and/or failed to disclose: (1) that
there were significant risks that the Company would be unable to
fulfill the requirements of the Apple Agreement to supply sapphire
material; (2) that the Company's sapphire material would not be
used in the Apple iPhone 6 devices; (3) that, as a result of the
Apple Agreement problems, the Company was facing a liquidity
crisis; and (4) that, as a result of the foregoing, Defendants'
statements about GT Advanced's business, operations, and
prospects, including the Company's revenue guidance for 2014, were
false and misleading and/or lacked a reasonable basis.

On September 9, 2014, Apple revealed that its new iPhone 6 and
iPhone 6 Plus smartphones utilized Corning's Gorilla Glass for the
display instead of GT Advanced's sapphire material as investors
were expecting.

On this news, shares of GT Advanced declined $2.29 per share,
nearly 13%, to close on September 9, 2014, at 14.94 per share, on
unusually heavy volume.

On October 6, 2014, GT Advanced announced that the Company was
filing for bankruptcy protection under Chapter 11.  According to
the Company, as of September 29, 2014 GT Advanced had
approximately $85 million of cash remaining and the Company was
seeking debtor-in-possession financing in order to satisfy
obligations associated with the daily operation of its business.

On this news, shares of GT Advanced declined $10.25 per share,
nearly 93%, to close on October 6, 2014, at $0.80 per share, on
unusually heavy volume.

With offices in New York, Chicago, Florida, and San Diego, The
Pomerantz Firm -- http://www.pomerantzlaw.com-- concentrates its
practice in the areas of corporate, securities, and antitrust
class litigation.  Founded by the late Abraham L. Pomerantz, known
as the dean of the class action bar, the Pomerantz Firm pioneered
the field of securities class actions.  Today, more than 70 years
later, the Pomerantz Firm continues in the tradition he
established, fighting for the rights of the victims of securities
fraud, breaches of fiduciary duty, and corporate misconduct.

                 About GT Advanced Technologies

Headquartered in Merrimack, New Hampshire, GT Advanced
Technologies Inc. -- http://www.gtat.com/-- produces materials
and equipment for the electronics industry.  On Nov. 4, 2013, GTAT
announced a multiyear supply deal with Apple Inc. to produce
sapphire glass material for use in consumer electronics products.
Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the
NASDAQ stock exchange in October 2014.

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 brought about by its issues with Apple.

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


HOLLINGER INC: Court Approves Black, Radler Settlement Agreements
-----------------------------------------------------------------
The Litigation Trustee of Hollinger Inc. on Nov. 28 disclosed that
Hollinger Inc. and F. David Radler have entered into court
approved settlement agreements to resolve all claims against
Mr. Radler, a former director and officer of Hollinger Inc., and
his company North American Newspapers Ltd. and all claims asserted
by Mr. Radler against the estate of Hollinger Inc.

The Litigation Trustee of Hollinger Inc. further disclosed on
Nov. 28 that Hollinger Inc. and Conrad M. Black, a former officer
and director of Hollinger Inc., his wife, Barbara Amiel-Black,
also a former director of Hollinger Inc., and their companies
Conrad Black Capital Corporation, Moffat Management Inc., Black-
Amiel Management Inc., 1269940 Ontario Inc. and 2753421 Canada
Limited have entered into a court approved settlement agreement to
resolve all claims against the Blacks and their Companies and all
claims asserted by Mr. Black against the estate of Hollinger Inc.

The settlements and the releases in favor of Mr. Radler and NANL,
and the settlement and the releases in favor of the Blacks and
their Companies, were all approved in their entirety on
November 13, 2014 by Mr. Justice McEwen of the Ontario Superior
Court of Justice.  The details of these court approved settlements
can be found on the website of the court appointed monitor for
Hollinger Inc., Ernst & Young, Inc.

Hollinger Inc. and its subsidiaries, Sugra Ltd. and 4322525 Canada
Inc., are currently subject to proceedings in Canada under the
Companies' Creditors Arrangement Act (Canada) and in the United
States under Chapter 15 of the U.S. Bankruptcy Code.

                      About Hollinger Inc.

Based in Toronto, Ontario, Hollinger Inc. (TSX: HLG.C)(TSX:
HLG.PR.B) -- http://www.hollingerinc.com/-- owns approximately
70.1% voting and 19.7% equity interest in Sun-Times Media Group
Inc., formerly Hollinger International Inc., a media company with
assets which include the Chicago Sun-Times newspaper and
Suntimes.com and a number of community newspapers and websites
serving communities in the Chicago area.

The company, along with two affiliates, 4322525 Canada Inc. and
Sugra Limited, filed separate Chapter 15 petitions on Aug. 1, 2007
(Bankr. D. Del. Case Nos. 07-11029 through 07-11031).  Hollinger
also initiated Court-supervised restructuring under the Companies'
Creditors Arrangement Act (Canada) on the same day.

Derek C. Abbott, Esq., and Kelly M. Dawson, Esq., at Morris,
Nichols, Arsht & Tunnell LLP, represents the Debtors in their U.S.
proceedings.

As reported in the Troubled company Reporter on Feb. 22, 2008,
Hollinger Inc.'s consolidated balance sheet at Dec. 31, 2007,
showed C$79.8 million in total assets and C$219.3 million in
total liabilities, resulting in a C$139.5 million total
stockholders' deficit.


HORIZON LINES: TCM MPS Does Not Own Class A Shares
--------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, TCM MPS Series Fund LP - Partners Series and
its affiliates disclosed that as of Nov. 24, 2014, they have
ceased to be beneficial owners of any shares of Class A Common
Stock of Horizon Lines, Inc.  A full-text copy of the regulatory
filing is available for free at http://is.gd/71BZu5

                        About Horizon Lines

Horizon Lines, Inc., is a domestic ocean shipping company and the
only ocean cargo carrier serving all three noncontiguous domestic
markets of Alaska, Hawaii and Puerto Rico from the continental
United States.  The company owns a fleet of 13 fully Jones Act
qualified vessels and operates five port terminals in Alaska,
Hawaii and Puerto Rico.  A trusted partner for many of the
nation's leading retailers, manufacturers and U.S. government
agencies, Horizon Lines provides reliable transportation services
that leverage its unique combination of ocean transportation and
inland distribution capabilities to deliver goods that are vital
to the prosperity of the markets it serves.  The company is based
in Charlotte, NC, and its stock trades on the over-the-counter
market under the symbol HRZL.

For the year ended Dec. 22, 2013, the Company reported a net loss
of $31.93 million following a net loss of $94.69 million for the
year ended Dec. 23, 2012.

The Company's balance sheet at Sept. 21, 2014, showed $628 million
in total assets, $690.5 million in total liabilities and a
$62.2 million total stockholders' deficit.

                           *     *     *

In June 2012, Moody's Investors Service affirmed Horizon Lines,
Inc.'s Corporate Family Rating (CFR) and Probability of Default
Rating ("PDR") at Caa2 and removed the LD ("Limited Default")
designation from the rating in recognition of the conversion to
equity of the $228 million of Series A and Series B Convertible
Senior Secured notes due in October 2017 ("Notes").

Moody's said the affirmation of the Corporate Family and
Probability of Default ratings considers that total debt has been
reduced by the conversion of the Notes, but also recognizes the
significant operating challenges that the company continues to
face.


HUTCHESON MEDICAL: Has Authority to Maintain Bank Accounts
----------------------------------------------------------
Hutcheson Medical Center, Inc., et al., sought and obtained
authority from Judge Paul W. Bonapfel of the U.S. Bankruptcy Court
for the Northern District of Georgia, Rome Division, to maintain
its existing bank accounts with Regions Bank that are recipient
accounts for ACH transfers and Medicare and Medicaid payment.

Prior to the Petition Date, the Debtors maintained 15 bank
accounts with Regions.  Of these accounts, three are designated as
recipient accounts for ACH transfers and Medicare and Medicaid
payments.  The Debtors tell the Court that if they were required
to change the account numbers with the payors, the process would
take time and would likely result in a significant delay in
receipt of incoming payments due to the Debtors.  To avoid
disruption to the ordinary and usual cash management and day-to-
day operations of the Debtors, and to ensure an orderly transition
into Chapter 11, the Debtors thus seek authority to continue to
maintain three bank accounts and a waiver, to the extent required,
from the U.S. Trustee's guidelines with respect to those
requirements.

Guy G. Gebhardt, the Acting United States Trustee for Region 21,
filed a limited objection to the Debtors' motion, complaining that
the Debtors failed to state how frequently the bank accounts would
be swept into the debtor-in-possession accounts.  The U.S. Trustee
asserted that the potential exists for there to be a need for the
accounts to be swept on a daily basis, depending on the volume of
funds that are deposited each day.  Based on the representations
made on the record, the U.S. Trustee withdrew its objection.

                  About Hutcheson Medical Center

Hutcheson Medical Center, Inc., operates the 179-bed hospital and
related ancillary facilities, including, without limitation, a
skilled nursing home and an ambulatory surgery center, located in
Ft. Oglethorpe, Georgia, known as Hutcheson Medical Center.  HMC
leases the land and buildings that comprise the Medical Center
from The Hospital Authority of Walker, Dade and Catoosa Counties.

HMC and Hutcheson Medical Division, Inc., sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga. Case No. 14-42863 and 14-
42864) in Rome, Georgia, on Nov. 20, 2014.  The cases are jointly
administered under Case No. 14-42863.

The cases have been assigned to the Honorable Paul W. Bonapfel.

The Debtors are represented by Ashley Reynolds Ray, Esq., and J.
Robert Williamson, Esq., at Scroggins and Williamson, in Atlanta,
Georgia.

The Debtors' Chapter 11 Plan and Disclosure Statement are due
March 20, 2015.  The appointment of a health care ombudsman is due
by Dec. 22, 2014.

HMC estimated $10 million to $50 million in assets and $50 million
to $100 million in debt.

No request has been made for the appointment of a trustee or
examiner, and no committee has been appointed in the cases.


HUTCHESON MEDICAL: Court Issues Joint Administration Order
----------------------------------------------------------
Judge Paul W. Bonapfel of the U.S. Bankruptcy Court for the
Northern District of Georgia, Rome Division, issued an order
directing the joint administration of the Chapter 11 cases of
Hutcheson Medical Center, Inc., and Hutcheson Medical Division,
Inc., under lead Case No. 14-42863-pwb.

                  About Hutcheson Medical Center

Hutcheson Medical Center, Inc., operates the 179-bed hospital and
related ancillary facilities, including, without limitation, a
skilled nursing home and an ambulatory surgery center, located in
Ft. Oglethorpe, Georgia, known as Hutcheson Medical Center.  HMC
leases the land and buildings that comprise the Medical Center
from The Hospital Authority of Walker, Dade and Catoosa Counties.

HMC and Hutcheson Medical Division, Inc., sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga. Case No. 14-42863 and 14-
42864) in Rome, Georgia, on Nov. 20, 2014.  The cases are jointly
administered under Case No. 14-42863.

The cases have been assigned to the Honorable Paul W. Bonapfel.

The Debtors are represented by Ashley Reynolds Ray, Esq., and J.
Robert Williamson, Esq., at Scroggins and Williamson, in Atlanta,
Georgia.

The Debtors' Chapter 11 Plan and Disclosure Statement are due
March 20, 2015.  The appointment of a health care ombudsman is due
by Dec. 22, 2014.

HMC estimated $10 million to $50 million in assets and $50 million
to $100 million in debt.

No request has been made for the appointment of a trustee or
examiner, and no committee has been appointed in the cases.


HUTCHESON MEDICAL: Section 341(a) Meeting Scheduled for Dec. 16
---------------------------------------------------------------
A meeting of creditors in the bankruptcy case of Hutcheson Medical
Center Inc. is scheduled to be held on Dec. 16, 2014, at 11:00
a.m. in 341 Meeting Room, Rome.

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

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

                      About Hutcheson Medical

Hutcheson Medical Center, Inc., and Hutcheson Medical Division,
Inc., filed bankruptcy petitions (Bankr. N.D. Ga. Case Nos. 14-
42863 and 14-42864) on Nov. 20, 2014.  The petitions were signed
by Thomas Farrell Hayes as chief executive officer.  Paul W.
Bonapfel presides over the cases.  Ashley Reynolds Ray, Esq., and
J. Robert Williamson, Esq., at Scroggins & Williamson, P.C.,
serves as the Debtors' counsel.  Hutcheson Medical Center
disclosed estimated assets of $10 million to $50 million and
liabilities of $50 million to $100 million.


IMH FINANCIAL: Incurs $23.4 Million Net Loss in Third Quarter
-------------------------------------------------------------
IMH Financial Corporation announced that it filed its quarterly
report on Form 10-Q for the period ended Sept. 30, 2014, with the
U.S. Securities and Exchange Commission on Nov. 14, 2014.  The
Company reported its first quarterly adjusted EBITDA of $4.7
million or $0.31 per common share, excluding one-time charges,
compared to $(2.0) million loss and $(0.12) loss per share for the
same period in 2013.

IMH Financial reported a net loss attributable to common
shareholders of $23.43 million on $7.99 million of total revenue
for the three months ended Sept. 30, 2014, compared to a net loss
attributable to common shareholders of $8.18 million on $6.72
million of total revenue for the same period a year ago.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss attributable to common shareholders of $27.9 million on
$23.48 million of total revenue compared to a net loss
attributable to common shareholders of $15.47 million on
$13.7 million of total revenue for the same period in 2013.

As of Sept. 30, 2014, the Company had $199 million in total
assets, $97.6 million in total liabilities, $26.8 million in
redeemable convertible preferred stock, and $75.1 million in total
stockholders' equity.

Lawrence Bain, CEO and Chairman of IMH, said, "After adjustment
for certain one-time charges resulting from our debt restructuring
and management changes, we have achieved our third straight
quarter of positive EBITDA as well as our first quarter of
positive earnings in the past six years from operations, including
sales of current assets.  Changes in our capital structure that
began this quarter and are expected to be completed late this year
or early next year should position us well for future earnings.
We believe our portfolio of assets is favorably positioned and as
sold, or developed, will serve as a basis for our future
investment activities."  Mr. Bain continued, "Our improved
financial performance is the result of recent changes at the
Company and more favorable market conditions."

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

                        http://is.gd/ovsXIZ

                        About IMH Financial

Scottsdale, Ariz.-based IMH Financial Corporation was formed from
the conversion of IMH Secured Loan Fund, LLC, or the Fund, a
Delaware limited liability company, on June 18, 2010.  The
conversion was effected following a consent solicitation process
pursuant to which approval was obtained from a majority of the
members of the Fund to effect the Conversion Transactions and
involved (i) the conversion of the Fund from a Delaware limited
liability company into a Delaware corporation named IMH Financial
Corporation, and (ii) the acquisition by the Company of all of the
outstanding shares of the manager of the Fund Investors Mortgage
Holdings Inc., or the Manager, as well as all of the outstanding
membership interests of a related entity, IMH Holdings LLC, or
Holdings on June 18, 2010.

IMH Financial reported a net loss of $26.20 million in 2013, a net
loss of $32.19 million in 2012 and a net loss of $35.19 million in
2011.


JSR PROPERTIES: Case Summary & 3 Unsecured Creditors
----------------------------------------------------
Debtor: JSR Properties
        400 Redcliff Drive
        Redding, CA 96002

Case No.: 14-31675

Chapter 11 Petition Date: November 26, 2014

Court: United States Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Hon. Michael S. McManus

Debtor's Counsel: David M. Brady, Esq.
                  LAW OFFICE OF COWAN & BRADY
                  280 Hemsted Dr Suite B
                  Redding, CA 96002
                  Tel: 530-221-7300
                  Email: office@dcowanlaw.com

Total Assets: $201,083

Total Liabilities: $3.22 million

The petition was signed by Antonio Rodriquez, general partner.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/caeb14-31675.pdf


KAZI FOODS: Calif. Court Affirms $9.9MM Judgment Against Owners
---------------------------------------------------------------
Khatija Kazi appeals summary judgment in favor of Colonial Pacific
Leasing Corporation, GE Capital Commercial, Inc., and General
Electric Capital Business Asset Funding Corporation of Connecticut
in the amount of $9.9 million on four loan guarantees Kazi gave
Colonial et al.  She contends the trial court erred in granting
summary judgment on a renewed motion; plaintiffs failed to
establish factual issues as to two causes of action; and her
evidentiary objections should have been sustained.

"We affirm," said the Court of Appeals of California, Second
District, Division One, in a November 24, 2014 decision available
at http://bit.ly/1vPEBfMfrom Leagle.com.

Khatija Kazi and her husband Zubair Kazi1 are 50/50 owners of Kazi
Foods of New York, Inc. (KNY), Kazi Foods of Michigan, Inc. (KMI),
Kazi Foods of Florida, Inc. (KFL), Kazi Foods of Annapolis, Inc.
(KMD), Kazi Foods of Louisiana, Inc. (KLA), Kazi Family, LLC (Kazi
Family) and Kazi Foods of Hawaii, Inc. (KHI). These companies
comprise the second-largest franchisees in the Kentucky Fried
Chicken (KFC) system. These companies operate more than 250
restaurants, employ more than 3,000 persons, and generate annual
revenues of over $170 million.

The Kazis or their companies are borrowers under various loans
with Colonial et al.  KFL, KNY and KMI continued to make payments
on their loans until December 2009, when all companies stopped
making payments. Two small payments of $100,000 and $113,043.80
were made in January and March 2010, respectively, that were
associated with unsuccessful forbearance negotiations. These were
the last payments made.

On February, 17, 2011, KFL and KMI filed for chapter 11 bankruptcy
proceedings; on March 21, 2011, KNY and KMD filed for chapter 11
bankruptcy proceedings. These companies began making "adequate
protection" payments at the behest of the chief restructuring
officer (CRO) in the chapter 11 proceedings. The CRO took over
restaurant operations and agreed to the entry of a cash collateral
order.

As of January 2010, the Kazis owed a total principal balance of
$61,418,390.

The case is, COLONIAL PACIFIC LEASING CORPORATION et al.,
Plaintiffs and Respondents, v. KHATIJA KAZI, Defendant and
Appellant, No. B248862 (Cal. App.).

Gareeb Law Group's Alexander S. Gareeb, Esq., Fadi K. Rasheed,
Esq.; and Richard A. Kraslow, Esq., argue for Defendant and
Appellant.

Reed Smith's Farah Tabibkhoei, Esq., and Alexander Terras, Esq.,
argue for Plaintiffs and Respondents.

                        About Kazi Foods

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

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

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


LA CANASTA: Case Summary & Unsecured Creditor
---------------------------------------------
Debtor: La Canasta, Inc.
        Avenida Luis Muoz Marin
        E 22 Altos
        Notre Dame
        Caguas, PR 00725

Case No.: 14-09826

Nature of Business: Real Estate

Chapter 11 Petition Date: November 26, 2014

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

Judge: Hon. Edward A. Godoy

Debtor's Counsel: Carmen D Conde Torres, Esq.
                  C. CONDE & ASSOCIATES
                  254 San Jose Street, Fifth Floor
                  San Juan, PR 00901-1523
                  Tel: 787-729-2900
                  Fax: 787-729-2203
                  Email: notices@condelaw.com

Total Assets: $9.94 million

Total Liabilities: $1.88 million

The petition was signed by Ricardo Rivera Irizarry, sub
administrator.

The Debtor listed PREPA as its largest unsecured creditor holding
a claim of $64,930.

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

            http://bankrupt.com/misc/prb14-09826.pdf


LLRIG TWO: Court Okays Hiring of Teresa Mohr as Realtor
-------------------------------------------------------
LLRIG Two, LLC, aka Lost Lake Resort LLC/Lost Lake Development LLC
sought and obtained authorization from the Hon. Brian Lynch of the
U.S. Bankruptcy Court for the Western District of Washington to
employ Teresa Mohr of Homes & Equity Real Estate Group as realtor.

Ms. Mohr will assist the Debtor in the listing, offering and sales
and rental of the Debtor's real property interests located at 1546
Reservation Road SE, Olympia, WA for a commission not to exceed 5%
of the gross sale proceeds and 25% of rental income.

Ms. Mohr can be reached at:

       Teresa Mohr
       HOMES & EQUITY REAL ESTATE GROUP
       12207 NE 8th Street
       Bellevue, WA 98005
       Tel: (425) 401-0606
       Fax: (425) 401-0607
       E-mail: terri.mohr@hotmail.com

                          About LLRIG Two

Tacoma, Washington-based LLRIG Two, LLC, aka Lost Lake Resort LLC,
aka Lost Lake Development LLC, sought protection under Chapter 11
of the Bankruptcy Code on Oct. 20, 2014 (Case No. 14-45610, Bankr.
W.D. Wash.).  The case is assigned to Judge Brian D. Lynch.

The Debtor is represented by William L Beecher, Esq., at Beecher &
Conniff, in Tacoma, Washington.

The Debtor discloses total assets of $10.32 million and total
liabilities of $5.47 million.

                             *   *   *

The Sec. 341(a) meeting of creditors in the case is currently
scheduled for Dec. 17, 2014, at 12:30 p.m. at Courtroom J, Union
Station.


LLRIG TWO: Court Approves Christopher Bennett as CPA
----------------------------------------------------
LLRIG Two, LLC, aka Lost Lake Resort LLC/Lost Lake Development
LLC, sought and obtained authorization from the Hon. Brian Lynch
of the U.S. Bankruptcy Court for the Western District of
Washington to employ Christopher T. Bennett as CPA.

Mr. Bennett will assist the Debtor in the analysis and preparation
of monthly financial reports and any estate tax returns which must
be filed in connection with the Bankruptcy Tax Act.

To the best of Debtor's knowledge, Chris T Bennett CPA has no
connection with the Debtor, any creditors or any party in interest
and is otherwise disinterested in these proceedings.

Mr. Bennett can be reached at:

       Chris T. Bennett
       11061 Ne 2nd St.# 265
       Bellevue, WA 98004
       Tel: (425) 451-8399

                          About LLRIG Two

Tacoma, Washington-based LLRIG Two, LLC, aka Lost Lake Resort LLC,
aka Lost Lake Development LLC, sought protection under Chapter 11
of the Bankruptcy Code on Oct. 20, 2014 (Case No. 14-45610, Bankr.
W.D. Wash.).  The case is assigned to Judge Brian D. Lynch.

The Debtor is represented by William L Beecher, Esq., at Beecher &
Conniff, in Tacoma, Washington.

The Debtor discloses total assets of $10.32 million and total
liabilities of $5.47 million.

                             *   *   *

The Sec. 341(a) meeting of creditors in the case is currently
scheduled for Dec. 17, 2014, at 12:30 p.m. at Courtroom J, Union
Station.


LOAN EXCHANGE GROUP: Case Summary & 21 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Loan Exchange Group, a Calif Limited Partnership
        100 N. Westlake Blvd. #203
        Westlake Village, CA 91362

Case No.: 14-12629

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: November 26, 2014

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

Judge: Hon. Peter Carroll

Debtor's Counsel: Marc A Duxbury, Esq.
                  COUNTY LAW CENTER
                  1901 Camino Vida Roble, Ste 114
                  Carlsbad, CA 92008
                  Tel: 760-438-5291
                  Email: info@countylawcenter.com

Total Assets: $12.57 million

Total Debts: $5.97 million

The petition was signed by Roger S. McCurdy, managing general
partner.

List of Debtor's 21 Largest Unsecured Creditors:

   Entity                       Nature of Claim   Claim Amount
   ------                        ----------------   -------------
HP Gottschal                                           $850,000
c/o Henry Kurtz
18610 Ringling St.
Tarzana CA 91356

Lombarte & Giles Pick & Pull     Arbitration           $718,000
21 Wes Luarel Drive #49          Settlement
Salisa CA 93906

James Pettit                                           $460,000
516 Dolan Road
Moss Landing CA 93950

Susan Frankilin                                        $290,000
2118 Wilshire Blvd., #324
Santa Monica CA 90403

Jim Pettit                       Fourth Deed           $250,000
516 Moss Landing                 of Trust
Moss Landing CA 95039

Henry Kurtz, CPA                                       $208,000
100 N. Westlake Blvd., Ste
203
Westlake Village CA 91361

Henry Kurtz, CPA                                       $158,000

Monterey County                                         $74,000
Resource Manager

Elizabeth Darry                                         $70,000

Assessor's Office                                       $54,000

S & S Land Development                                  $12,000

Roger McCurdy                    Partnership            $12,000
                                 Services

Deborah Cutler                   Judgment               $12,000

Atty Bod Uemura                  Attorney                $3,997

Myrta Thys                       Past due rent           $3,400

Atty. Holm & Bloom               Legal Fees              $2,000

Law Office of Michelle           Legal Fees              $1,500
Noble McCain

Hemraj D. Singh                  3rd Deed of Trust      $75,000

Anthony Lewis                    3rd Deed of Trust     $275,000
5545 Sherbouyrne Dr.
Los Angeles CA 90056

Maureen Mitchell                 2nd Deed of Trust   $1,150,000

Rubicon Mortgage Fund LLC        1st Deed of Trust   $1,300,000


LOCATION BASED TECHNOLOGIES: Incurs $5.1MM Loss in Fiscal 2014
--------------------------------------------------------------
Location Based Technologies, Inc., filed with the U.S. Securities
and Exchange Commission its annual report on Form 10-K disclosing
a net loss of $5.14 million on $1.70 million of total net revenue
for the year ended Aug. 31, 2014, compared to a net loss of $11.04
million on $1.91 million of total net revenue for the year ended
Aug. 31, 2013.

As of Aug. 31, 2014, the Company had $2.32 million in total
assets, $12.31 million in total liabilities and a $9.98 million
total stockholders' deficit.

Friedman LLP, in East Hanover, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Aug. 31, 2014, citing that the Company's
operating losses raise substantial doubt about its ability to
continue as a going concern.

                        Bankruptcy Warning

"[W]e remain obligated under a significant amount of notes
payable, and Silicon Valley Bank has been granted security
interests in our assets.  If we are unable to pay these or other
obligations, the creditors could take action to enforce their
rights, including foreclosing on their security interests, and we
could be forced into liquidation and dissolution.  We are also
delinquent on a number of our accounts payable.  Our creditors may
be able to force us into involuntary bankruptcy," the Company
stated in the Report.

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

                        http://is.gd/jilSJ0

                About Location Based Technologies

Irvine, Calif.-based Location Based Technologies, Inc., designs,
develops, and sells leading-edge personal locator devices and
services.

The Company incurred a net loss of $11.04 million for the year
ended Aug. 31, 2013, as compared with a net loss of $7.96 million
for the year ended Aug. 31, 2012.


MARRONE BIO: Delays Release of Quarterly Report
-----------------------------------------------
Marrone Bio Innovations, Inc., filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
to delay the release of its quarterly report on Form 10-Q for the
period ended Sept. 30, 2014.

As previously disclosed in the Company's Form 8-K dated Sept. 3,
2014, the Company's Audit Committee has commenced an internal
investigation.  The Audit Committee has not yet concluded its
investigation and the Company does not expect it will be in a
position to discuss financial results until after the
investigation is completed.

The Audit Committee of Marrone Bio has commenced an internal
investigation regarding certain accounting matters and has
concluded, after consultation with management, that the Company's
previously reported financial statements as of Dec. 31, 2013, the
related report of the independent auditors on those 2013 financial
statements dated March 25, 2014, and the unaudited interim
financial statements included in the Company's quarterly reports
on Forms 10-Q for the quarters ended March 31, 2014, and June 30,
2014, should no longer be relied upon.

The Company said it cannot provide an estimate when that filing
will be made.

                   About Marrone Bio Innovations

Marrone Bio Innovations, Inc., is a leading provider of bio-based
pest management and plant health products for the agriculture,
turf and ornamental and water treatment markets.  For more
information, please visit www.marronebio.com.

Marrone Bio reported a net loss attributable to common
stockholders of $29.86 million in 2013, a net loss attributable to
common stockholders of $40.83 million in 2012 and a net loss
attributable to common stockholders of $13.18 million in 2011.


MCCLATCHY COMPANY: Moody's Affirms Caa1 Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Services changed the rating outlook of The
McClatchy Company to positive from stable due to the company's
recent announcement that it will repurchase over $400 million of
outstanding notes resulting in improved leverage ratios even
though overall revenue and EBITDA continue to decline reflecting
weak demand for print advertising. The Probability of Default
Rating of Caa1-PD, Speculative Grade Liquidity rating of SGL-2,
and debt instrument ratings were affirmed as summarized below.

Issuer: McClatchy Company (The)

Outlook Actions:

Outlook, Changed To Positive From Stable

Affirmations:

Corporate Family Rating, Affirmed Caa1

Probability of Default Rating, Affirmed Caa1-PD

Speculative Grade Liquidity Rating, Affirmed SGL-2

Senior Secured Notes due 2022, Affirmed B1, LGD2

Issuer: Knight Ridder, Inc. (assumed by The McClatchy Company)

Unsecured Unguaranteed Notes and Debentures, Affirmed Caa2, LGD5

Ratings Rationale

McClatchy's Caa1 Corporate Family Rating reflects persistent
revenue pressure on the company's newspaper and print operations,
reliance on cyclical advertising spending, and its high leverage
including a large underfunded pension. These risks are only
partially tempered by the company's good market position in local
news, positive free cash flow, and a favorable maturity profile
that diminishes default risk over the next two years. Moody's
expect newspapers will continue to face growing competition with
technology-driven changes in media consumption and shifts by
advertisers away from print media creating ongoing pressure on
revenue and margins. McClatchy is likely to face more competition
as the company grows digital revenue and expands offerings such as
direct marketing or digital marketing solutions for local
businesses, and Moody's expect gains will not fully offset
declines in print newspaper revenue. Ratings are supported by the
company's plans to utilize a portion of free cash flow to invest
in digital operations with long term growth potential or to repay
debt. Looking forward, maintaining EBITDA margins for each of the
company's print operations and generating sufficient free cash
flow to invest in growth strategies while funding debt maturities
will be challenging due to continued secular pressure on core
newspapers. Although high, Moody's estimates debt-to-EBITDA will
improve to less than 6.5x at the end of 2014 (or less than 6.0x
net of cash) due to the company's announced plans to repurchase
over $400 million of notes with a portion of excess cash built up
from the recent dispositions of its minority interests in
Apartments.com (25.6% for $147 million) and Cars.com (25.6% for
$632 million). Although these divestitures result in the loss of
consistently growing cash distributions, Moody's changed the
outlook to positive from stable given the pending debt reduction
results in lower leverage. Cash balances post debt repurchases are
expected to exceed $150 million providing more than sufficient
liquidity to fully fund debt maturities through 2022.

The positive rating outlook reflects Moody's expectation that the
U.S. economy will continue to grow modestly and, despite declines
in print ad revenue, EBITDA margins will remain above industry
averages with the potential for debt-to-EBITDA to improve to less
than 6.0x (including Moody's standard adjustments) as a portion of
free cash flow is used to repay debt. The positive rating outlook
also incorporates Moody's expectation that McClatchy will maintain
good liquidity with meaningful cash balances and mid single digit
percentage free cash flow-to-debt generation leading to low
default risk over the next two years. Ratings could be downgraded
if there is meaningful erosion of free cash flow or accelerated
revenue declines with limited prospects for a reversal. Weakened
liquidity caused by a declining EBITDA cushion to the credit
facility leverage test or if Moody's expect that the company may
not be able to address approaching debt maturities could also
result in a downgrade. Ratings could be upgraded if the company is
able to reduce overall revenue erosion leading to smaller
percentage declines in EBITDA with free cash flow in excess of 5%
of debt and with debt-to-EBITDA expected to remain below 6.0x
(including Moody's standard adjustments). The company would also
need to maintain good liquidity including a comfortable EBITDA
cushion to financial covenants and an expectation that it can
address debt maturities as they come due.

The McClatchy Company, headquartered in Sacramento, CA, is one of
the largest newspaper companies in the U.S., with 29 daily
newspapers, community newspapers, websites, mobile news and
advertising, niche publications, direct marketing and direct mail
services. McClatchy holds equity investments in CareerBuilder (15%
ownership) as well as other newspaper and online properties. The
McClatchy family owns roughly 29% of the economic interest in the
company and controls approximately 80% of voting power through a
dual class share structure. Revenue for the LTM ended September
28, 2014 was approximately $1.2 billion.

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


MGM RESORTS: Issues $1.2 Billion Senior Notes Due 2023
------------------------------------------------------
MGM Resorts International, on Nov. 25, 2014, issued $1.250 billion
in aggregate principal amount of its 6.000% Senior Notes due 2023.
The Notes were issued pursuant to the Indenture, dated as of
March 22, 2012, between the Company and U.S. Bank National
Association, as trustee, as supplemented by a fourth supplemental
indenture, dated as of Nov. 25, 2014, among the Company, the
subsidiary guarantors and the Trustee.

The Notes were offered and sold pursuant to the Company's
automatic shelf registration statement on Form S-3 filed with the
U.S. Securities and Exchange Commission on March 15, 2012, as
amended.

The notes will be guaranteed, jointly and severally, on a senior
basis by the Company's subsidiaries that guarantee its senior
secured credit facility and the Company's existing notes, except
for Nevada Landing Partnership, unless and until the Company
obtains Illinois gaming approval.  The Notes will not be
guaranteed by the Company's foreign subsidiaries and certain
domestic subsidiaries, including MGM Grand Detroit, LLC, which is
a borrower under the Company's senior secured credit facility, MGM
China Holdings Limited and its subsidiaries, MGM National Harbor,
LLC and Blue Tarp reDevelopement LLC and any of its subsidiaries.

The Company plans to use the net proceeds of the offering for
general corporate purposes, including repaying certain
indebtedness maturing in 2015 and funding a portion of the
development costs related to our Maryland and Massachusetts resort
projects.  Pending such use, the Company may invest the net
proceeds in short-term interest-bearing accounts, securities or
similar investments.

In connection with the offering of $1.15 billion in aggregate
principal amount of the Notes, on Nov. 20, 2014, the Company
entered into an underwriting agreement with the guarantors and
Merrill Lynch, Pierce, Fenner & Smith Incorporated as
representative of the several underwriters.  Pursuant to the
Original Underwriting Agreement, the Company agreed to sell $1.15
billion in aggregate principal amount of the Notes and the
Underwriters agreed to purchase the Notes for resale to the
public.

On Nov. 24, 2014, in connection with the offering of $100 million
in aggregate principal amount of additional Notes, the Company
entered into an underwriting agreement among the Company, the
guarantors named therein and Merrill Lynch, Pierce, Fenner & Smith
Incorporated as the sole underwriter.  Pursuant to the Add On
Underwriting Agreement and subject to the terms and conditions
expressed therein, the Company agreed to sell $100 million in
aggregate principal amount of the Notes and Merrill Lynch agreed
to purchase the Notes for resale to the public.

                          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 billion in total
stockholders' equity.

                         Bankruptcy Warning

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

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

   * incur additional debt;

   * incur liens on assets;

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

   * enter into transactions with affiliates;

   * allow certain subsidiaries to transfer assets; and

   * enter into sale and lease-back transactions.

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

                           *     *     *

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

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

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

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.


MOBIVITY HOLDINGS: CFO Timothy Schatz to Resign in February
-----------------------------------------------------------
Timothy Schatz, chief financial officer of Mobivity Holdings Corp
notified the Company of his decision to resign as an officer and
employee of the Company, the Company said in the regulatory filing
with the U.S. Securities and Exchange Commission.  Mr. Schatz
notified the Company that his last day of employment will be
Feb. 20, 2015, or such earlier day as he and the Company may
mutually agree.

Mr. Schatz's employment agreement with the Company requires that
he provide 90 days written notice of his election to resign.  The
Company has commenced the search for Mr. Schatz's replacement and
Mr. Schatz has notified the Company of his intention to work with
the Company to provide for an orderly transition to the new chief
financial officer.

                      About Mobivity Holdings

Mobivity Holdings Corp. was incorporated as Ares Ventures
Corporation in Nevada in 2008.  On Nov. 2, 2010, the Company
acquired CommerceTel, Inc., which was wholly-owned by CommerceTel
Canada Corporation, in a reverse merger.  Pursuant to the Merger,
all of the issued and outstanding shares of CommerceTel, Inc.,
common stock were converted, at an exchange ratio of 0.7268-for-1,
into an aggregate of 10,000,000 shares of the Company's common
stock, and CommerceTel, Inc., became a wholly owned subsidiary of
the Company.  In connection with the Merger, the Company changed
its corporate name to CommerceTel Corporation on Oct. 5, 2010.
In connection with the Company's acquisition of assets from
Mobivity, LLC, the Company changed its corporate name to Mobivity
Holdings Corp. and its operating company to Mobivity, Inc, on
Aug. 23, 2012.

Mobivity Holdings reported a net loss of $16.75 million in 2013,
a net loss of $7.33 million in 2012 and a net loss of $16.31
million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $11.43
million in total assets, $3.35 million in total liabilities and
$8.07 million in total stockholders' equity.


NEWLEAD HOLDINGS: Annual Shareholders' Meeting Set for Dec. 23
--------------------------------------------------------------
NewLead HOldings Ltd. disclosed in a regulatory filing with the
U.S. Securities and Exchange Commission that it will hold its
annual general meeting of shareholders at 11:00 a.m., Athens time,
on Tuesday, Dec. 23, 2014, at NewLead Holdings Ltd.'s office
located at 83 Akti Miaouli & Flessa Street, Piraeus, Greece.

The purposes of the meeting are:

   1. To receive the directors' report and audited financial
      statements of NewLead Holdings Ltd. for the fiscal year
      ended Dec. 31, 2013, together with the auditor's report
      thereon.

   2. To elect Sae Jung Oh as a Class II director to hold office
      from the conclusion of the 2014 annual general meeting until
      the Company's 2017 annual general meeting.

   3. To consider any other business that may be properly
      presented at the meeting.

A complete copy of the Notice is available for free at:

                        http://is.gd/1y3XH5

                    About NewLead Holdings Ltd.

Based in Athina, Greece, NewLead Holdings Ltd. --
http://www.newleadholdings.com/-- is an international, vertically
integrated shipping company that owns and manages product tankers
and dry bulk vessels.  NewLead currently controls 22 vessels,
including six double-hull product tankers and 16 dry bulk vessels
of which two are newbuildings.  NewLead's common shares are traded
under the symbol "NEWL" on the NASDAQ Global Select Market.

NewLead Holdings reported a net loss of $158.22 million on $7.34
million of operating revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $403.92 million on $8.92 million of
operating revenues in 2012.  The Company's balance sheet at
Dec. 31, 2013, showed $151.33 million in total assets, $292.68
million in total liabilities and a $141.34 million total
shareholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has incurred a net loss, negative operating cash
flows, a working capital deficiency, and shareholders' deficiency
and has defaulted under its credit facility agreements.  Those
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


OMNICOMM SYSTEMS: SEC OKs Waiver of Financial Stmt. Requirement
---------------------------------------------------------------
OmniComm Systems, Inc., submitted a request to the U.S. Securities
and Exchange Commission to waive the financial reporting
requirement under Item 17 of Form 20-F to include a reconciliation
to accounting principles generally accepted in the United States
of America in the audited financial statements of Promasys B.V.
for the years ended Dec. 31, 2011, and 2012.

OmniComm acquired 100% of the capital stock of Promasys, a
privately held Netherlands company, on Nov. 11, 2013.  Since the
audited financial statements of Promasys were not prepared under
U.S. GAAP, Item 17 of Form 20-F generally requires that a
reconciliation to U.S. GAAP be included in the audited financial
statements.  On Nov. 17, 2014, the SEC notified OmniComm that the
SEC will not object to OmniComm's proposal to waive the Financial
Statement Requirement.  As a result, OmniComm is no longer out of
compliance with its SEC reporting obligations by reason of it not
having filed the reconciliation to U.S. GAAP in connection with
its acquisition of Promasys.

                      About OmniComm Systems

Ft. Lauderdale, Fla.-based OmniComm Systems, Inc., is a healthcare
technology company that provides Web-based electronic data capture
("EDC") solutions and related value-added services to
pharmaceutical and biotech companies, clinical research
organizations, and other clinical trial sponsors principally
located in the United States and Europe.

OmniComm Systems reported a net loss attributable to common
stockholders of $3.36 million in 2013, following a net loss
attributable to common stockholders of $8.06 million in 2012.

As of Sept. 30, 2014, the Company had $5.93 million in total
assets, $36.80 million in total liabilities and a $30.87 million
total shareholders' deficit.

"The ability of the Company to continue in existence is dependent
on its having sufficient financial resources to bring products and
services to market for marketplace acceptance.  As a result of our
historical operating losses, negative cash flows and accumulated
deficits for the period ending September 30, 2014 there is
substantial doubt about the Company's ability to continue as a
going concern," the Company stated in its quarterly report for the
period ended Sept. 30, 2014.


OXYSURE SYSTEMS: Terminates Merger Agreement With Estill Medical
----------------------------------------------------------------
OxySure Systems, Inc., previously entered into a definitive
agreement related to a merger with Estill Medical Technologies,
Inc., on Oct. 21, 2014.  The Agreement provided that either party
could terminate the Agreement and abandon the transactions
contemplated thereby by giving written notice to the other party
if the closing did not occur on or before 5:00 p.m., Dallas, Texas
time, on Nov. 19, 2014.  Both parties elected to give such a
notice, with the result that the Agreement is now terminated and
the transactions contemplated thereby are abandoned.  The Company
said there can be no assurance that they will re-engage or
continue discussions.

                       About OxySure Systems

Frisco, Tex.-based OxySure Systems, Inc. (OTC QB: OXYS) is a
medical technology company that focuses on the design, manufacture
and distribution of specialty respiratory and emergency medical
solutions.  The company pioneered a safe and easy to use solution
to produce medically pure (USP) oxygen from inert powders.  The
Company owns nine (9) issued patents and patents pending on this
technology which makes the provision of emergency oxygen safer,
more accessible and easier to use than traditional oxygen
provision systems.

The Company incurred a net loss of $712,452 in 2013 as compared
with a net loss of $1.14 million in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $2.09
million in total assets, $1.07 million in total liabilities and
$1.02 million in total stockholders' equity.

Sadler, Gibb & Associates, LLC, in Salt Lake, UT, 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 accumulated losses of $15,287,647 as of
Dec. 31, 2013, which raises substantial doubt about its ability to
continue as a going concern.


PAINT ROCK: Ala. High Court Rules in Rift With First Jackson Bank
-----------------------------------------------------------------
Paint Rock Turf, LLC, appeals from a judgment as a matter of law
entered by the Madison Circuit Court on its claim for emblements
under Sec. 35-9-2, Ala. Code 1975, against First Jackson Bank and
Wayne A. Goodson and his wife Christian Goodson.  First Jackson
cross-appeals from the trial court's denial of its postjudgment
motion for a JML on Paint Rock's claim alleging conversion of
pallets of sod.

Paint Rock on April 30, 2004, purchased a sod farm and related
farm equipment from Eufala Corporation. The sod farm consisted of
1,171 acres of land upon which were grown 580 acres of Bermuda and
Zoysia sod grasses. To partially finance the purchase, Paint Rock
borrowed $1,706,250 from First Jackson. The loan was secured by a
mortgage on the sod farm and a security interest in the equipment
used on the farm.

By February 2009, reflecting in part a drop in demand for sod
caused by the collapsing market for new homes, Paint Rock had
defaulted on the loan. On February 11, 2009, Paint Rock filed a
Chapter 11 bankruptcy petition in the United States Bankruptcy
Court for the Northern District of Alabama. The filing of the
petition operated as an automatic stay of "any act to obtain
possession of property of the estate or of property from the
estate or to exercise control over property of the estate."  The
stay precluded First Jackson from foreclosing on the sod farm or
retaking the equipment. The petition was dismissed August 12,
2009. On October 30, 2009, First Jackson published in the Madison
County Record the first of three notices of a foreclosure sale on
the property scheduled for noon on November 19, 2009. On the
morning of November 19, 2009, Paint Rock filed a second bankruptcy
petition, which stayed the scheduled November 19 sale, and which
was dismissed on December 8, 2009, for failure to file the proper
schedules and statements. On December 18, 2009, First Jackson
published a notice that the foreclosure sale was rescheduled for
December 30, 2009. On December 26, 2009, Paint Rock filed its
third bankruptcy petition. Four days later, the bankruptcy court
lifted the automatic stay, expressly finding that Paint Rock had
misused "the bankruptcy process in an attempt to wrongfully hinder
and delay [First Jackson's] efforts to foreclose its mortgage and
security agreement."

The same day, December 30, 2009, immediately following the lifting
of the stay by the bankruptcy court, First Jackson, as the high
bidder, purchased the property at the foreclosure sale. On January
7, 2010, First Jackson sent Paint Rock a letter demanding
possession of the sod farm within 10 days. Paint Rock claimed that
it did not receive First Jackson's demand-of-possession letter
until January 16, 2010. On January 14, 2010, Jimmy Blevins,
president of First Jackson, arrived at the sod farm to take
possession of the farm and the equipment on behalf of First
Jackson. When Blevins arrived at the sod farm, Paint Rock
employees were loading harvested sod onto a flatbed tractor-
trailer for delivery to a customer. Blevins informed the Paint
Rock employees that First Jackson now owned the sod farm, that the
employees could not remove the harvested sod, and that the
employees would be arrested for trespassing if they returned to
the sod farm.

On January 21, 2010, First Jackson filed an ejectment action
against Paint Rock. On the same day, Paint Rock by letter demanded
access to the sod farm "to recover the emblements in the form of
sod which is being grown on the real property recently foreclosed
upon. . . ."  Paint Rock also requested the return of its
equipment. First Jackson denied Paint Rock's request. Paint Rock,
relying on a section of the Alabama Code that permits a tenant at
will to harvest its crop, counterclaimed for damages for harm
suffered as the result of being unable to harvest the sod. As
relevant to this appeal, Paint Rock also sought damages for
conversion of "plats of sod" contained on the sod farm.

On March 4, 2010, First Jackson sold the sod farm to Mrs. Goodson.
The deed stated that the sale was subject to any claim Paint Rock
may have to the emblements growing on the property. On October 12,
2010, Paint Rock and Gerald T. Jones, Jr., filed a joint third-
party complaint against First Jackson and Mr. Goodson. Paint Rock
alleged conversion and detinue, as well as the emblements claim,
against Goodson; Jones alleged conversion and detinue against both
First Jackson and Goodson. The third-party complaint was later
amended to add claims of wantonness and negligence against both
First Jackson and the Goodsons.

After the trial court denied motions for a summary judgment filed
by First Jackson, Mr. Goodson, and Mrs. Goodson, who had been
added as a party, the case proceeded to trial. At the close of
Paint Rock and Jones's case, the trial court granted a motion for
a JML filed by First Jackson and the Goodsons on Paint Rock's
counterclaim for emblements on the ground that Paint Rock was not
an at-will tenant as required by Sec. 35-9-2. After Paint Rock
withdrew its detinue claims and the trial court granted a JML on
the wantonness claims, only the conversion and negligence claims
remained for the jury to resolve.

The jury awarded Paint Rock damages against First Jackson,
consisting of $18,500 for conversion of a sod cutter and $10,890
for conversion of cut sod that had been loaded on a tractor-
trailer when First Jackson took possession of the property on
January 14, 2010. The jury also awarded Paint Rock a total of
$1,059 against the Goodsons for conversion of business property
and equipment. The jury entered verdicts for First Jackson and the
Goodsons on Jones's conversion and negligence claims. Paint Rock
appealed the JML in favor of the defendants on the emblements
claim; First Jackson cross-appealed the judgment awarding Paint
Rock damages for conversion of the cut sod.

The Supreme Court of Alabama held that in case no. 1130480 --
Paint Rock's appeal of the denial of its emblements claim -- the
judgment of the trial court is affirmed.  In case no. 1130528 --
First Jackson's cross-appeal of the denial of its motion for a JML
to reverse the jury's award of $10,890 for conversion of pallets
of sod -- the judgment of the trial court is reversed, and the
case is remanded to the trial court to enter judgment in favor of
First Jackson.

A copy of the Alabama Supreme Court's November 26, 2014 decision
is available at http://bit.ly/1ptOFbpfrom Leagle.com.

Chief Justice Moore wrote the decision.  Justice Main concurs.
Justice Murdock concurs specially.  Justices Bolin and Bryan
concur in the result.

According to Justice Murdock, "I write separately to question
whether resolution of the question raised by the assertion by
Paint Rock Turf, LLC, that Paint Rock is entitled to the sod
emblements turns not, at least not per se, on whether Paint Rock's
interest in the land in the context of a bankruptcy stay should be
considered a tenancy at will or a tenancy at sufferance, but
instead on the issue of fault."

He further noted that, "It is undisputed that Paint Rock defaulted
on its mortgage obligation. I therefore agree that it was not
entitled to the sod emblements in question."

Paint Rock Turf, LLC, based in Huntsville, Alabama, filed for
Chapter 11 bankruptcy (Bankr. N.D. Ala. Case No. 09-80537) on
February 11, 2009.  Patrick A. Jones, Esq., served as the Debtor's
counsel.  In its schedules, Paint Rock scheduled total assets of
$0 and total liabilities of $3,860,000.  A full-text copy of the
Debtor's petition, including its largest unsecured creditors, is
available for free at http://bankrupt.com/misc/alnb09-80537.pdf
The petition was signed by Gerald Jones, President of the company.


PEOPLEWELL HR: Section 341(a) Meeting Scheduled for Dec. 17
-----------------------------------------------------------
A meeting of creditors in the bankruptcy case of Peoplewell HR
Solutions, LLC, will be held on Dec. 17, 2014, at 3:30 p.m. at
Tampa, FL (861) - Room 100-B, Timberlake Annex, 501 E. Polk
Street.   Proofs of claim are due by March 2, 2015.

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

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

                  About Peoplewell HR Solutions

Peoplewell HR Solutions, LLC, sought Chapter 11 protection (Bankr.
M.D. Fla. Case No. 8:14-bk-13688) on Nov. 21, 2014, in Tampa,
Florida.  Buddy D. Ford, PA, serves as counsel to the Debtor.
Peoplewell disclosed total assets of $340 million and total
liabilities of $1.35 million.

Chetan R. Shah, the manager, signed the petition.  Shah filed her
own bankruptcy case on Aug. 7, 2014, Case No. 14-09207, which is
pending before Judge Catherine Peek McEwen.  Related entities that
sought bankruptcy protection also include Athenon CDK Corporation,
Go Bollywood Tampa Bay Florida Convention, LLC, and Hillsdale
Financial Synergy, LLC.

According to a court filing, Peoplewell HR together with Chetan
Sha, and Go Bollywood, have entered into a contingency agreement
to prosecute an adversary proceeding against Dr. Kiran Patel.


PLASTIC2OIL INC: Issues Letter to Shareholders
----------------------------------------------
Plastic2Oil, Inc., issued a letter to stockholders from Richard
Heddle, its Chairman and chief executive officer, which provided
an update on certain operational and financial matters.

"We are working hard to move towards profitability, but we
recognize that the movement of the stock has been disappointing
for all of our stockholders, including myself," Mr. Heddle said.
"I believe that if we execute the sale and licensing of
processors, we will achieve significant revenues and the valuation
of our company will increase accordingly," he added.

A copy of the letter is available at http://is.gd/GzN89N

Plastic2Oil, Inc., formerly JBI Inc., is a North American fuel
company that transforms unsorted, unwashed waste plastic into
ultra-clean, ultra-low sulphur fuel without the need for
refinement.  The Company's Plastic2Oil (P2O) is a process designed
to provide immediate economic benefit for industry, communities
and government organizations with waste plastic recycling
challenges.  It is also focused on the creation of green
employment opportunities and a reduction in the cost of plastic
recycling programs for municipalities and business.  The Company's
fuel products include No. 6 Fuel, No. 2 Fuel (diesel, petroleum
distillate), Naphtha, Petcoke (carbon black) and Off-Gases. No. 6
Fuel is heavy fuel used in industrial boilers and ships. No. 2
Fuel is a mid-range fuel known as furnace oil or diesel.  Naphtha
is a light fuel that is used as a cut feedstock for ethanol or as
white gasoline in high and regular grade road certified fuels.

As of Sept. 30, 2014, the Company had $8.19 million in total
assets, $6.99 million in total liabilities and $1.19 million in
total stockholders' equity.


POSITIVEID CORP: Inks $4MM Financing Pact With Dominion Capital
---------------------------------------------------------------
PositiveID Corporation closed a financing transaction by entering
into a securities purchase agreement dated Nov. 25, 2014, with
Dominion Capital LLC (the "Purchaser") for an aggregate
subscription amount of $4,000,000, according to a regulatory
filing with the U.S. Securities and Exchange Commission.

Pursuant to the Securities Purchase Agreement, the Company will
issue a series of 4% Original Issue Discount Senior Secured
Convertible Promissory Notes to Dominion Capital.  The Purchase
Price will be paid in eight equal monthly tranches of $500,000.
Each individual Note will be issued upon payment and will be
amortized beginning six months after issuance, with amortization
payments being 1/24th of the principal and accrued interest, made
in cash or common stock at the option of the Company, on a semi-
monthly basis, subject to certain conditions contained in the
Securities Purchase Agreement.  The amortization payments will
start to be due starting on the 15th day of the month immediately
following the 6 month anniversary of the Closing Date.  The
Company also reimbursed the Purchaser $45,000 for legal fees and
expenses from the proceeds of the first tranche.  The use of
proceeds from this financing are intended for the completion of
the breadboard prototype of the Company's Firefly Dx cartridge,
restructuring of the Company's existing convertible debt, and
general working capital.

            4% Original Issue Discount Senior Secured
                   Convertible Promissory Notes

The total principal amount of the Notes are issued with a 4%
original issue discount whereby the aggregate Principal Amount of
the Notes is $4,000,000 but the aggregate, net purchase price of
the Notes is $3,840,000.  Each Note accrues interest at a rate
equal to 12% per annum and the initial note has a maturity date of
May 21, 2016.  Each Note is convertible any time after its
issuance date.  The Purchaser has the right to convert any or all
of the Notes into shares of the Company's common stock at a fixed
conversion price equal to 95% of the Daily VWAP on the Trading Day
immediately prior to each of the relevant Closings.  The Notes can
be prepaid at any time upon 5 days' notice to the Holder by paying
an amount in cash equal to the outstanding principal and interest,
and a 20% premium.

                         Security Agreement

In connection with the Company's obligations under the Notes, the
Company entered into a Security Agreement with the Purchaser,
pursuant to which the Company granted a lien on all assets of the
Company, subject to existing security interests, for the benefit
of the Purchaser, to secure the Company's obligations under the
Notes. In the event of a default as defined in the Notes, the
Purchaser may, among other things, collect or take possession of
the Collateral, proceed with the foreclosure of the security
interest in the Collateral or sell, lease or dispose of the
Collateral.

                       Subsidiary Agreement

In connection with the Company's obligations under the Security
Agreement with the Purchaser, pursuant to which the Company
granted a lien on all assets of the Company, subject to existing
security interests, under a Subsidiary Guaranty, each of the
Company's subsidiaries has guaranteed all of the Company's
obligations under the Notes.

                         About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $13.33 million on $0 of revenue for the year ended Dec. 31,
2013, as compared with a net loss attributable to common
stockholders of $25.30 million on $0 of revenue in 2012.

As of June 30, 2014, the Company had $1.19 million in total
assets, $6.98 million in total liabilities, all current, $1.21
million in mandatorily redeemable preferred stock and a $6.99
million total stockholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has a working capital deficiency and an accumulated
deficit.  Additionally, the Company has incurred operating losses
since its inception and expects operating losses to continue
during 2014.  These conditions raise substantial doubt about its
ability to continue as a going concern.


RAAM GLOBAL: Jerry Sheets No Longer Serving as Officer
------------------------------------------------------
Jerry Sheets' employment with RAAM Global Energy Company as senior
vice president of Land and Business Development was terminated
effective Nov. 17, 2014, according to a regulatory filing with the
U.S. Securities and Exchange Commission.

Pursuant to the terms of Mr. Sheets' employment agreement with the
Company, he will receive a one-time separation payment of $41,269
less applicable tax and withholdings, which represents an amount
equal to the amount of base salary he would have earned had he
remained employed by the Company until Dec. 31, 2014.  Mr. Sheets
will also be eligible to receive a pro-rata portion of any annual
bonus for 2014.  The separation payment and eligibility to receive
a pro-rata portion of the annual bonus are contingent upon the
execution of a Separation and General Release Agreement by
Mr. Sheets on or before Dec. 8, 2014.

                         About RAAM Global

RAAM Global Energy Company is a privately held company engaged
primarily in the exploration and development of oil and gas
properties and in the resulting production and sale of natural
gas, condensate and crude oil.  The Company's production
facilities are located in the Gulf of Mexico, offshore Louisiana
and onshore Louisiana, Texas, Oklahoma, and California.

The Company's balance sheet at Sept. 30, 2014, showed $474.45
million in total assets, $442.24 million in total liabilities and
$32.21 million in total equity.

                          *     *     *

As reported by the TCR on Aug. 4, 2014, Standard & Poor's Ratings
Services lowered its corporate credit and senior secured ratings
on exploration and production company RAAM Global Energy Co. to
'CCC+' from 'B-'.  The outlook is negative.

"The downgrade reflects our assessment that Lexington, Ky.-based
RAAM Global Energy Co. could have difficulty refinancing its $250
million senior secured notes due October 2015 due to weak
operating performance, largely due to unexpected production
declines on its Yegua wells that have resulted in weakening
liquidity and limited near-term growth potential," S&P said.

The TCR reported on Aug. 19, 2014, that Moody's Investors Service
downgraded RAAM Global Energy Company's (RAAM) Corporate Family
Rating (CFR) to Caa2 from Caa1.  The Caa2 CFR for RAAM primarily
reflects Moody's concerns about the company's ability to refinance
the senior secured notes that come due on Oct. 1, 2015, amid a
period of declining production profile.


RADIOSHACK CORP: Amends Recapitalization Pact With General Retail
-----------------------------------------------------------------
RadioShack Corporation, on Nov. 26, 2014, entered into an
amendment to the Recapitalization and Investment Agreement, dated
as of Oct. 3, 2014, between the Company and General Retail
Holdings L.P., pursuant to which, among other things, subject to
the terms and conditions in the Agreement, the Company agreed to
issue 200,000 shares of Preferred Stock to General Retail.

The Amendment (1) potentially reduces the number of shares of
preferred stock of the Company otherwise issuable to GRH under the
Recapitalization Agreement by up to 10% and (2) provides that GRH
will have the right to designate four individuals to the Company's
board of directors in connection with completion of the rights
offering described in the Company's Current Report on Form 8-K
filed on Oct. 7, 2014, if the conditions to the rights offering
are satisfied.

A full-text copy of the Recapitalization Agreement, as amended, is
available for free at http://is.gd/JDUXuj

                   About Radioshack Corporation

RadioShack (NYSE: RSH) -- http://www.radioshackcorporation.com--
is a national retailer of innovative mobile technology products
and services, as well as products related to personal and home
technology and power supply needs.  RadioShack's retail network
includes more than 4,300 company-operated stores in the United
States, 270 company-operated stores in Mexico, and approximately
1,000 dealer and other outlets worldwide.

Radioshack reported a net loss of $400.2 million in 2013, a net
loss of $139.4 million in 2012, and net income of $72.2 million in
2011.  The Company's balance sheet at Aug. 2, 2014, showed $1.14
billion in total assets, $1.21 billion in total liabilities and a
$63 million total shareholders' deficit.

                           *     *     *

As reported by the TCR on Sept. 15, 2014, Standard & Poor's
Ratings Services lowered its corporate credit rating on Fort
Worth, Texas-based RadioShack Corp. to 'CCC-' from 'CCC'.

"The downgrade comes as the company announced it will seek
capital, and that such a transaction could include a debt
restructuring in addition to store closures and other measures,"
said Standard & Poor's credit analyst Charles Pinson-Rose.

In the Sept. 16, 2014, edition of the TCR, the TCR reported that
Fitch Ratings had downgraded the Long-term Issuer Default Rating
(IDR) for RadioShack Corporation (RadioShack) to 'C' from 'CC'.
The downgrade reflects the high likelihood that RadioShack will
need to restructure its debt in the next couple of months.

The TCR reported on March 13, 2014, that Moody's Investors Service
downgraded RadioShack Corporation's corporate family rating to
Caa2 from Caa1.  "The continuing negative trend in RadioShack's
sales and margins has resulted in a precipitous drop in
profitability causing continued deterioration in credit metrics
and liquidity," Mickey Chadha, Senior Analyst at Moody's said.


RADIOSHACK CORP: Standard General Holds 9.8% Equity Stake
---------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Standard General L.P and its affiliates
disclosed that as of  Nov. 26, 2014, they beneficially owned
10,130,928 shares of common stock of Radioshack Corp. representing
9.8 percent of the shares outstanding.  A full-text copy of the
regulatory filing is available at http://is.gd/yfpfU0

                  About Radioshack Corporation

RadioShack (NYSE: RSH) -- http://www.radioshackcorporation.com--
is a national retailer of innovative mobile technology products
and services, as well as products related to personal and home
technology and power supply needs.  RadioShack's retail network
includes more than 4,300 company-operated stores in the United
States, 270 company-operated stores in Mexico, and approximately
1,000 dealer and other outlets worldwide.

Radioshack reported a net loss of $400.2 million in 2013, a net
loss of $139.4 million in 2012, and net income of $72.2 million in
2011.  The Company's balance sheet at Aug. 2, 2014, showed $1.14
billion in total assets, $1.21 billion in total liabilities and a
$63 million total shareholders' deficit.

                           *     *     *

As reported by the TCR on Sept. 15, 2014, Standard & Poor's
Ratings Services lowered its corporate credit rating on Fort
Worth, Texas-based RadioShack Corp. to 'CCC-' from 'CCC'.

"The downgrade comes as the company announced it will seek
capital, and that such a transaction could include a debt
restructuring in addition to store closures and other measures,"
said Standard & Poor's credit analyst Charles Pinson-Rose.

In the Sept. 16, 2014, edition of the TCR, the TCR reported that
Fitch Ratings had downgraded the Long-term Issuer Default Rating
(IDR) for RadioShack Corporation (RadioShack) to 'C' from 'CC'.
The downgrade reflects the high likelihood that RadioShack will
need to restructure its debt in the next couple of months.

The TCR reported on March 13, 2014, that Moody's Investors Service
downgraded RadioShack Corporation's corporate family rating to
Caa2 from Caa1.  "The continuing negative trend in RadioShack's
sales and margins has resulted in a precipitous drop in
profitability causing continued deterioration in credit metrics
and liquidity," Mickey Chadha, Senior Analyst at Moody's said.


REDPRAIRIE CORP: Bank Debt Trades at 6% Off
-------------------------------------------
Participations in a syndicated loan under which RedPrairie Corp is
a borrower traded in the secondary market at 93.63 cents-on-the-
dollar during the week ended Friday, November 28, 2014 according
to data compiled by LSTA/Thomson Reuters MTM Pricing and reported
in The Wall Street Journal.  This represents an increase of 1.63
percentage points from the previous week, The Journal relates.
RedPrairie Corp pays 500 basis points above LIBOR to borrow under
the facility.  The bank loan matures on Dec. 21, 2018, and carries
Moody's B2 rating and Standard & Poor's B rating.  The loan is one
of the biggest gainers and losers among 212 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.


REGENT PARK: Section 341(a) Meeting Set for Dec. 23
---------------------------------------------------
A meeting of creditors in the bankruptcy case of Regent Park
Capital, LLC, will be held on Dec. 23, 2014, at 10:00 a.m. at
Austin Room 118.  Creditors have until March 23, 2015, to submit
their proofs of claim.

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

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

Regent Park Capital, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tex. Case No. 14-11731) on Nov. 21, 2014.  The
petition was signed by Lester N. Pokorne as managing member.
The Debtor estimated assets of $10 million to $50 million and
liabilities of $1 million to $10 million.  Rhonda Bear Mates,
Esq., at Husch Blackwell LLP serves as the Debtor's counsel.  The
case is assigned to Judge Tony M. Davis.


REICHHOLD HOLDINGS: Dec. 2 Hearing on Auction Procedures
--------------------------------------------------------
The Bankruptcy Court will convene a hearing on Dec. 2, 2014, at
9:30 a.m., to consider approval of the bidding procedures to
govern the sale of assets of Reichhold Holdings US, Inc., to
Reichhold Acquisitions Holdings LLC, a wholly owned U.S.
Subsidiary of Reichhold Holdings International B.V., as stalking
horse purchaser.

A copy of the terms of the sale is available for free at
  http://bankrupt.com/misc/ReichholdHoldings_221_motionsale.pdf

As reported in the Troubled Company Reporter on Nov. 26, 2014,
to facilitate the ultimate sale of the business to senior secured
noteholders, a non-bankrupt affiliate will act as the so-called
stalking horse, which will bid a portion of the junior bankruptcy
loan equal to $15 million in lieu of cash, waive all junior
financing obligations not included in that amount, and pay closing
and wind-down expenses to the extent the company doesn't have
enough cash of its own.  Reichhold proposes that competing bids
will be due Dec. 30 in advance of an auction on Jan. 6, the report
related.

                         About Reichhold

Founded in 1927, Reichhold, with its world headquarters and
technology center in Durham, North Carolina, USA, is one of the
world's largest manufacturer of unsaturated polyester resins and a
leading supplier of coating resins for the industrial,
transportation, building and construction, marine, consumer and
graphic arts markets.  Reichhold -- http://www.Reichhold.com/--
has manufacturing operations throughout North America, Latin
America, the Middle East, Europe and Asia.

As of June 30, 2014, the Reichhold companies had consolidated
assets of $538 million and liabilities of $631 million.  In 2013,
the companies generated $1.08 billion in net revenue, and as of
the year-to-date August 2014, $750 million in net revenues.

Reichhold Holdings US, Inc., Reichhold, Inc., and two U.S.
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-12237) on Sept. 30, 2014.

The Reichhold Companies are pursuing a sale transaction that has
two elements:

   (i) a consensual foreclosure by the holders of senior secured
notes on their security interests in the common and preferred
stock in Reichhold Holdings Luxembourg, S.a.r.l. ("RHL"), the
ultimate holding company of all of the non-debtor affiliates that
operate outside the U.S., and

  (ii) a purchase of certain assets of the Debtors by Reichhold
Holdings International B.V. through a credit bid pursuant to
Section 363 of the Bankruptcy Code.

Cole, Schotz, Meisel, Forman & Leonard, P.A. (legal advisor) and
CDG Group LLC (financial advisor) are representing Reichhold, Inc.
Latham & Watkins LLP (legal advisor) and Moelis & Company
(investment banker) are serving Reichhold Industries, Inc.

Logan & Company is the company's claims and noticing agent.

The cases are assigned to Judge Mary F. Walrath.

The U.S. Trustee for Region 3 appointed seven creditors of
Reichhold Holdings US, Inc. to serve on the official committee of
unsecured creditors.  The Creditors' Committee retains Hahn &
Hessen LLP as lead counsel, Blank Rome LLP as co-counsel, and
Capstone Advisory Group, LLC and Capstone Valuation Services, LLC,
as financial advisor.

An Ad Hoc Committee of Asbestos Claimants also appears in the
case.  The Ad Hoc Committee consists of three plaintiff law firms,
Cooney & Conway, Gori Julian & Associates, P.C., and Simmons Hanly
Conroy LLC, each in their capacity as tort counsel for clients of
their firms who have asbestos-related personal injury or wrongful
death claims against the Debtors.  The Committee is represented by
Mark T. Hurford, Esq., at Campbell & Levine, LLC; and Caplin &
Drysdale, Chartered's James P. Wehner, Esq. and Jeffrey A.
Liesemer, Esq.


ROCKWELL MEDICAL: Closes $58.5MM Public Offering of Common Stock
----------------------------------------------------------------
Rockwell Medical, Inc., announced the closing of the sale of
6,500,000 shares at $9.00 per share in an underwritten public
offering for an aggregate offering amount of $58.5 million.  The
net proceeds from the offering, after commissions and other
estimated offering expenses, were approximately $54.7 million.
Rockwell has also granted the underwriters a 30-day option to
purchase up to an additional 975,000 shares of common stock
offered in the public offering.

The net proceeds of the offering will be used to repay outstanding
secured indebtedness and for other general corporate purposes.

BofA Merrill Lynch is acting as the sole book-running manager for
the proposed offering.  Stifel is acting as Lead Manager and
Summer Street Research Partners, Craig-Hallum Capital Group,
Chardan Capital Markets, LLC and LifeSci Capital, LLC, are acting
as co-managers.

Shelf registration statements (File Nos. 333-181003 and 333-
200379) relating to these securities were previously filed with,
and declared effective by, the Securities and Exchange Commission.
A prospectus supplement related to the offering was filed with the
Securities and Exchange Commission on Nov. 20, 2014.  Copies of
the prospectus supplement and accompanying prospectus relating to
the offering may be obtained by contacting BofA Merrill Lynch, 222
Broadway, New York, NY 10038, Attn: Prospectus Department, or via
email, at dg.prospectus_requests@baml.com.  An electronic copy of
the final prospectus supplement and accompanying prospectus
relating to the offering will be available on the website of the
Securities and Exchange Commission at www.sec.gov.

                          About Rockwell

Rockwell Medical, Inc. (Nasdaq: RMTI), headquartered in Wixom,
Michigan, is a fully-integrated biopharmaceutical company
targeting end-stage renal disease ("ESRD") and chronic kidney
disease ("CKD") with innovative products and services for the
treatment of iron deficiency, secondary hyperparathyroidism and
hemodialysis (also referred to as "HD" or "dialysis").

Rockwell's lead investigational drug is in late stage clinical
development for iron therapy treatment in CKD-HD patients.  It is
called Soluble Ferric Pyrophosphate ("SFP").  SFP delivers iron to
the bone marrow in a non-invasive, physiologic manner to
hemodialysis patients via dialysate during their regular dialysis
treatment.

Rockwell Medical reported a net loss of $48.78 million in 2013, a
net loss of $54.02 million in 2012 and a net loss of $21.44
million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $23.9
million in total assets, $29.3 million in total liabilities, and a
$5.45 million total shareholders' deficit.


SCIENTIFIC GAMES: Completes Merger With Bally Technologies
----------------------------------------------------------
Scientific Games Corporation has completed the merger with Bally
Technologies, Inc.  The aggregate transaction value was
approximately $5.1 billion, including the refinancing of
approximately $1.8 billion of existing Bally net debt.

"Completing the Bally transaction brings together two exceptional
organizations with a common culture of innovation and customer
focus," said Gavin Isaacs, president and chief executive officer
of Scientific Games.  "We are excited by the opportunities that
will be created by combining each organization's core strengths in
developing engaging gaming entertainment products, advanced
technologies and systems, and providing value-added services to
help our customers grow their revenues."

"Our mission is to become the premier gaming and lottery
entertainment and technology company in the world by offering
gaming and lottery operators a comprehensive and differentiated
portfolio of high earning, player-appealing games and technology
solutions," Mr. Isaacs continued.  "By leveraging our excellence
in the development of imaginative gaming entertainment with value-
added services, we seek to become the partner of choice for our
gaming and lottery customers.  Further, by pursuing continuous
improvement in our business processes, we expect to enhance our
margins, grow free cash flow to reduce our debt, and build long-
term value for our stockholders."

New Executive Leadership Team Appointed

The Company also announced its executive leadership team.  The
executive team will oversee an organization comprised of three
operating units: Gaming, Lottery and Interactive.

In addition to president and chief executive officer, Gavin
Isaacs, and executive vice president and chief financial officer,
Scott Schweinfurth, the executive leadership team of Scientific
Games will include:

  * Derik Mooberry, Group Chief Executive, Gaming

      -  Mr. Mooberry, with more than 20 years of gaming industry
         experience, was most recently senior vice president of
         Games, Table Game Products and Interactive Research &
         Development at Bally.  He also oversaw Bally's business
         in Mexico and South America.

   * James Kennedy, Group Chief Executive, Lottery

       - Mr. Kennedy, with nearly 30 years of lottery industry
         experience, will continue to serve as group chief
         executive, Lottery.  He previously served as president,
         Printed Products, and chief marketing officer for the
         Company.

   * Jordan Levin, President, Interactive

       * Mr. Levin has served as managing director, Williams
         Interactive at Scientific Games since January 2014,
         having previously been chief operating officer of
         Williams Interactive, a subsidiary of WMS Industries Inc.
        (acquired by Scientific Games in October 2013).  Prior to
         that he was WMS' vice president of Business Development.

The executive leadership team can be found on the Company's
website, here.

Mr. Isaacs added, "Our new senior management team comprises some
of the most accomplished executives in the gaming, lottery and
interactive industries.  I am very excited to have this team of
great leaders from Scientific Games, WMS, Bally and SHFL
entertainment, Inc., helping to lead the Company forward.  Our new
organizational structure will focus on driving consistent and
measurable progress on our goals of increasing profitable global
growth and increasing free cash flow to pay down debt.  The
experience, leadership skill and commitment that each of our
senior leaders brings to the Company will be a significant
influence in our integration efforts and development of solutions
to bring value to our customers and shareholders."

Under Mr. Mooberry's leadership, the Company's Gaming group will
comprise the WMS, Bally, SHFL and Scientific Games gaming
businesses that serve casino and other gaming operators worldwide.
Under Mr. Kennedy's leadership, the Lottery group will comprise
the existing Scientific Games lottery operations, including its
Instant Products, Lottery Systems, Interactive Lottery and MDI
businesses that serve lottery operators worldwide.  Under Mr.
Levin's leadership, the Interactive group will comprise the
Scientific Games and Bally interactive social gaming operations,
including Jackpot Party Social Casino, Gold Fish Social Slots,
Dragonplay Slots, and Dragonplay Live Hold 'Em Poker, and the
Williams Interactive, Bally and SHFL real-money online gaming
businesses.  Messrs. Mooberry, Kennedy and Levin will each report
directly to Mr. Isaacs.

                        About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  For more information, please
visit: www.scientificgames.com.

Scientific Games reported a net loss of $30.2 million in 2013, a
net loss of $62.6 million in 2012 and a net loss of $12.6 million
in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $4.03
billion in total assets, $3.93 billion in total liabilities and
$105.7 million in total stockholders' equity.

                           *     *     *

The TCR reported on May 21, 2014, that Moody's Investors Service
downgraded Scientific Games Corporation's ("SGC") Corporate Family
Rating to B1.  The downgrade reflects Moody's view that slower
than expected growth in SGC's Gaming and Instant Products segments
will cause Moody's adjusted leverage to exceed 6.0 times by the
end of 2014.

As reported by the TCR on Aug. 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating to 'B+' from 'BB-' on
Scientific Games Corp.

"The downgrade and CreditWatch placement follow Scientific Games'
announcement that it has agreed to acquire Bally Technologies for
$5.1 billion, including the refinancing of about $1.8 billion in
net debt at Bally," said Standard & Poor's credit analyst Ariel
Silverberg.


SEADRILL LTD: Bank Debt Trades at 9% Off
----------------------------------------
Participations in a syndicated loan under which Seadrill Ltd is a
borrower traded in the secondary market at 91.08 cents-on-the-
dollar during the week ended Friday, November 28, 2013 according
to data compiled by LSTA/Thomson Reuters MTM Pricing and reported
in The Wall Street Journal.  This represents a decrease of 0.83
percentage points from the previous week, The Journal relates.
Seadrill Ltd LLC pays 300 basis points above LIBOR to borrow under
the facility.  The bank loan matures on Feb. 17, 2021, and carries
Moody's Ba3 rating and Standard & Poor's BB- rating.  The loan is
one of the biggest gainers and losers among 212 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.


SEAWORLD PARKS: Bank Debt Trades at 5% Off
------------------------------------------
Participations in a syndicated loan under which Seaworld Parks and
Entertainment Inc. is a borrower traded in the secondary market at
95.48 cents-on-the-dollar during the week ended Friday, Nov. 28,
2014 according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
a decrease of 0.25 percentage points from the previous week, The
Journal relates.  Seaworld Parks pays 225 basis points above LIBOR
to borrow under the facility.  The bank loan matures on May 10,
2020, and carries Moody's Ba3 rating and Standard & Poor's BB
rating.  The loan is one of the biggest gainers and losers among
212 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.


SHORE THING: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Shore Thing Properties, LLC
        417 Ocean Rd
        Spring Lake, NJ 07762-1027

Case No.: 14-34111

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: November 26, 2014

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

Judge: Hon. Michael B. Kaplan

Debtor's Counsel: Marc C. Capone, Esq.
                  CAPONE AND KEEFE, PC
                  60 Highway 71, Unit 2
                  Spring Lake Heights, NJ 07762
                  Tel: (732) 528-1166
                  Email: mcapone@caponeandkeefe.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Matthew Schmid, president.

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


SPEEDY TOWING: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Speedy Towing, Inc.
        14800 Old Gunpowder Road
        Laurel, MD 20707

Case No.: 14-28192

Chapter 11 Petition Date: November 26, 2014

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

Judge: Hon. Wendelin I. Lipp

Debtor's Counsel: John Douglas Burns, Esq.
                  THE BURNS LAWFIRM, LLC
                  6303 Ivy Lane, Ste. 102
                  Greenbelt, MD 20770
                  Tel: (301) 441-8780
                  Email: jburns@burnsbankruptcyfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to 10 million

The petition was signed by Freddy M. Moss, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mdb14-28192.pdf


SPENDSMART NETWORKS: John Eyler Named to Board of Directors
-----------------------------------------------------------
John H. Eyler, Jr., was appointed to the Board of Directors of
SpendSmart Networks, Inc., effective Nov. 25, 2014, according to a
regulatory filing with the U.S. Securities and Exchange
Commission.

John Eyler retired from Toys "R" Us, Inc., as president and chief
executive officer in July, 2005.  Mr. Eyler joined Toys "R" Us in
January, 2000 and served as Chairman of the Board of Directors as
well as Chairman of the Toys "R" Us Childrens fund from 2001 to
2005.  Mr. Eyler was chairman and chief executive officer of FAO
Schwarz from 1992 to 2000 and spent his entire career prior to
that in retailing including becoming Chairman and chief executive
officer of May D & F, a department store in Denver Colorado at the
age of 32.  He served on the Board of the Andre Agassi Charitable
Foundation for eight years, was a member of the NYC 2012 Board and
a Board member of the Donna Karan Corporation from 1999 to 2001.
For the past five years Mr. Eyler has served as president of Titan
Sculpture Inc. which represents Roberto Santo's sculptures and
paintings globally.  He is an Advisory Board member of the College
of the Environment at the University of Washington, and manages a
charitable foundation created upon his retirement with a primary
focus on improving the lives of children.  A graduate of the
University of Washington in 1969 with a degree in Finance,
Mr. Eyler received an MBA from the Harvard Graduate School of
Business in 1971.

In connection with Mr. Eyler's appointment to the Board, the
Company agreed to grant Mr. Eyler options to purchase 150,000
shares of the Company's common stock at an exercise price of $1.15
per share and having a term of 5 years.  The options will vest
ratably over a two-year period.

There are no other arrangements or understandings between Mr.
Eyler and any other person pursuant to which Mr. Eyler was
appointed as a director of the Company.  Mr. Eyler has not entered
into any transactions with the Company that are required to be
disclosed pursuant to Item 404(a) of Regulation S-K.

                    About SpendSmart Networks

SpendSmart Networks, Inc., provides proprietary loyalty systems
and a suite of digital engagement and marketing services that help
local merchants build relationships with consumers and drive
revenues.  These services are implemented and supported by a vast
network of certified digital marketing specialists, aka "Certified
Masterminds," who drive revenue and consumer relationships for
merchants via loyalty programs, mobile marketing, mobile commerce
and financial tools, such as prepaid card and reward systems.  We
enter into licensing agreements for our proprietary loyalty
marketing solution with "Certified Masterminds" which sell and
support the technology in their respective markets.  The Company's
products aim to make Consumers' dollars go further when they spend
it with merchants in the SpendSmart network of merchants, as they
receive exclusive deals, earn rewards and ultimately build a
connection with their favorite merchants.

As of Sept. 30, 2014, the Company had $12.02 million in total
assets, $1.92 million in total liabilities and $10.10 million in
total stockholders' equity.

For the 12 months ended Sept. 30, 2013, the Company reported a net
loss and comprehensive loss of $12.58 million on $1.02 million of
revenues compared to a net loss and comprehensive loss of $21.09
million on $1 million of revenues for the same period in 2012.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated statements for the year ended
Dec. 31, 2013.  The independent auditors noted that the Company
has incurred net losses since inception and has an accumulated
deficit at Dec. 31, 2013.  These factors among others raise
substantial doubt about the ability of the Company to continue as
a going concern.


STOCKTON, CA: Dec. 10 Hearing on Bid to Stay Confirmation
---------------------------------------------------------
The Bankruptcy Court will convene a hearing on Dec. 10, 2014, at
11:00 a.m., to consider the motion for relief from stay pending
appeal of the Court's forthcoming order confirming the First
Amended Plan for the Adjustment of Debts of City of Stockton,
California, as modified on Aug. 8, 2014.

Franklin High Yield Tax-Free Income Fund and Franklin California
High Yield Municipal Fund initiated an appeal of the Court's
confirmation of the Plan until the time as Franklin's appeal is
adjudicated on a final basis.  Franklin sought to protect its
right to pursue and obtain effective relief in that appeal.

Franklin is represented by:

          James O. Johnston, Esq.
          Monika S. Wiener, Esq.
          JONES DAY
          555 South Flower Street, 50th Floor
          Los Angeles, CA 90071
          Tel: (213) 489-3939
          Fax: (213) 243-2539
          E-mail: jjohnston@jonesday.com
                  mwiener@jonesday.com

          Joshua D. Morse, Esq.
          JONES DAY
          555 California Street, 26th Floor
          San Francisco, CA 94104
          Tel: (415) 626-3939
          Fax: (415) 875-5700
          E-mail: jmorse@jonesday.com

                     About Stockton, Calif.

The City of Stockton, California, filed a Chapter 9 petition
(Bankr. E.D. Cal. Case No. 12-32118) in Sacramento on June 28,
2012, becoming the largest city to seek creditor protection in
U.S. history.  The city was forced to file for bankruptcy after
talks with bondholders and labor unions failed.  Stockton
estimated more than $1 billion in assets and in excess of
$500 million in liabilities.

The city, with a population of about 300,000, identified the
California Public Employees Retirement System as the largest
unsecured creditor with a claim of $147.5 million for unfunded
pension costs.  In second place is Wells Fargo Bank NA as trustee
for $124.3 million in pension obligation bonds.  The list of
largest creditors includes $119.2 million owing on four other
series of bonds.

The city is being represented by Marc A. Levinson, Esq., and John
W. Killeen, Esq., at Orrick, Herrington & Sutcliffe LLP.  The
petition was signed by Robert Deis, city manager.

Mr. Levinson also represented the city of Vallejo, Cal. in its
2008 bankruptcy.  Vallejo filed for protection under Chapter 9
(Bankr. E.D. Cal. Case No. 08-26813) on May 23, 2008, estimating
$500 million to $1 billion in assets and $100 million to $500
million in debts in its petition.  In August 2011, Vallejo was
given green light to exit the municipal reorganization.   The
Vallejo Chapter 9 plan restructures $50 million of publicly held
debt secured by leases on public buildings.  Although the Plan
doesn't affect pensions, it adjusts the claims and benefits of
current and former city employees.  Bankruptcy Judge Michael
McManus released Vallejo from bankruptcy on Nov. 1, 2011.

The bankruptcy judge on April 1, 2013, ruled that the city of
Stockton is eligible for municipal bankruptcy in Chapter 9.

The Troubled Company Reporter, on Oct. 31, 2014, reported that
Judge Christopher Klein confirmed the debt-adjustment plan by the
city of Stockton, California, rejecting arguments that it unfairly
discriminated among creditors by chopping a mutual fund's recovery
to near zero while shielding city retirees from any impairment at
all.

                       *     *     *

The Troubled Company Reporter, on Sep. 26, 2014, reported that
Moody's Investors Service has affirmed the long-term ratings of
the city of Stockton's (CA) water and sewer enterprises' debts at
Ba1. Moody's have also changed the outlook on the city's water
bond rating to developing from stable, while the developing
outlook on the sewer system's rating remains the same.

The TCR, on Nov. 10, 2014, reported that Moody's Investors Service
has upgraded to Ba3 from Caa3 the City of Stockton's (CA) series
2006 lease revenue bonds and affirmed the city's 2007 pension
obligation at Ca. Moody's have removed the developing outlook from
the Series 2006 bonds and Moody's have removed the negative
outlook from the Series 2007 bonds.

The TCR, on Nov. 14, 2014, reported that Standard & Poor's Ratings
Services raised its long-term rating and underlying rating (SPUR)
to 'B-' from 'CCC' on the Stockton Public Financing Authority,
Calif.'s series 2003A and 2003B certificates of participation
(COPs) and its SPUR to 'B-' from 'CCC' on the authority's series
2006A lease revenue refunding bonds.  Standard & Poor's also
affirmed its 'CC' SPUR on Stockton Redevelopment Agency's series
2004 (arena project) revenue bonds.  All series are appropriation
obligations of Stockton.  The outlook on the series 2003A and
2003B COP long-term rating and SPUR and on the 2006A lease revenue
refunding bond SPUR is stable, and the outlook on the series 2004
revenue bond rating (arena project) is negative.


SUN BANCORP: Amends 1.1 Million Shares Resale Prospectus
--------------------------------------------------------
Sun Bancorp, Inc., filed with the U.S. Securities and Exchange
Commission an amended Form S-3 registration statement relating to
the offering by Bridge Equities III, LLC, Endeavour Regional Bank
Opportunities, Iron Road Multi Strategy Fund LP, et al., of up to
1,133,144 shares of common stock of Sun Bancorp, Inc.  The Company
had amended the Registration Statement to delay its effective
date.

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 Nov. 24, 2014, was $18.83 per share.

A full-text copy of the Form S-3/A is available for free at:

                        http://is.gd/UR2pdr

                         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 $2.82 billion in total
assets, $2.57 billion in total liabilities and $247.04 million in
total shareholders' equity.


SYLVA CORPORATION: 8th Cir. Revives GE Capital Claim
----------------------------------------------------
GE Capital Commercial, Inc. appeals the decision of the bankruptcy
court denying its motion for allowance of an administrative
expense claim for unpaid lease obligations against debtor Sylva
Corporation, Inc.  In a November 26 decision available at
http://bit.ly/1FyWq1Ifrom Leagle.com, the U.S. Court of Appeals
for the Eighth Circuit reversed and remanded the matter for
further proceedings.

Sylva and a predecessor to GE Capital are parties to a November
2007 "Lift Lease Agreement" for the lease of certain equipment
used in Sylva's business operation.  The equipment consisted of a
Rotochopper Model EC266 Wood Grinder Processor and a Superior
Model 20X70 Stacking Conveyor.

On April 3, 2013, Sylva filed its voluntary petition for relief
under Chapter 11 of the United States Bankruptcy Code in the
District of Minnesota. Sylva is continuing in possession of its
property and operating and managing its business as a debtor-in-
possession.

GE Capital filed its proof of claim on May 9, 2013.

GE Capital Commercial, Inc. Movant-Appellant v. Sylva Corporation,
Inc. Debtor-Appellee, No. 14-6016 (8th Cir.).


TERVITA CORP: Bank Debt Trades at 9% Off
----------------------------------------
Participations in a syndicated loan under which Tervita Corp is a
borrower traded in the secondary market at 91.35 cents-on-the-
dollar during the week ended Friday, Nov. 28, 2014 according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents an increase of 1.03
percentage points from the previous week, The Journal relates.
Tervita Corp pays 500 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Jan. 24, 2018.  The bank debt
is not rated by Moody's rating and Standard & Poor's rating.  The
loan is one of the biggest gainers and losers among 212 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.


TRACKGROUP: Signs 2-Year Employment Agreement With CFO
------------------------------------------------------
SecureAlert, Inc., dba TrackGroup entered into a two-year
employment agreement with John R. Merrill, the Company's chief
financial officer.

During the term of the Merrill Employment Agreement, Mr. Merrill
will receive an annual base salary of $180,000 and will be
eligible to participate in the Company's Employee Bonus Plan and
2012 Equity Incentive Award Plan, wherein Mr. Merrill may earn a
variable cash bonus and/or shares of the Company's common stock
based on individual performance and achieving specific Company
milestones.  Mr. Merrill will also be entitled to participate in
such life insurance, disability, medical, dental, retirement plans
and other programs as may be made generally available from time to
time by the Company for the benefit of similarly situated
employees or its employees generally.

                          About Track Group

Track Group (formerly SecureAlert) is a global provider of
customizable tracking solutions that leverage real-time tracking
data, best-practice monitoring, and analytics capabilities to
create complete, end-to-end solutions.  Visit Web site
http://www.trackgrp.com/.

SecureAlert incurred a net loss attributable to the Company's
common stockholders of $18.95 million for the year ended Sept. 30,
2013, following a net loss attributable to the Company's common
stockholders of $19.93 million for the fiscal year ended Sept. 30,
2012.

As of June 30, 2014, the Company had $50.71 million in total
assets, $27.48 million in total liabilities and $23.22 million in
total equity.

Hansen, Barnett & Maxwell, P.C., in Salt Lake City, Utah, issued a
"going concern" qualification in its report on the consolidated
financial statements for the year ended Sept. 30, 2013.  The
independent auditors noted that the Company has incurred losses,
negative cash flows from operating activities, notes payable in
default and has an accumulated deficit.  These conditions raise
substantial doubt about its ability to continue as a going
concern.


TRANSGENOMIC INC: AMH Reports 8.4% Stake as of Nov. 18
------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, AMH Equity LLC and Leviticus Partners, L.P.,
disclosed that as of Nov. 18, 2014, they beneficially owned
680,100 shares of common stock of Transgenomic Inc. representing
8.41 percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/1CEQgg

                         About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

The Company reported a net loss available to common stockholders
of $16.71 million in 2013, a net loss available to common
stockholders of $8.98 million in 2012 and a net loss available to
common stockholders of $10.79 million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $30.84
million in total assets, $20.61 million in total liabilities and
$10.23 million in stockholders' equity.


TRAVELPORT WORLDWIDE: Scott McCarty Quits From Board
----------------------------------------------------
Travelport Worldwide Limited announced that the Board of Directors
has accepted the resignation of Mr. Scott McCarty, a member of its
Board, effective Nov. 25, 2014.  Mr. McCarty is a partner with Q
Investments and has served as a director since May 2013, when Q
Investments further increased its equity ownership in Travelport.
Douglas Steenland, Chairman of the Board of Directors, said: "On
behalf of our Board of Directors, I would like to thank Scott for
his valued service as a member of our Board and contributions to
Travelport leading up to the IPO.  Since Q Investments' initial
investment in Travelport in 2008, Scott's expertise has
contributed to a number of significant strategic initiatives at
the company, including its recent, successful initial public
offering.  We wish Scott well in his future endeavors."

Scott McCarty commented: "It has been a pleasure to work alongside
my fellow Board members and the talented leadership team at
Travelport.  During my tenure, I have been fortunate to experience
the tremendous transformation that, under CEO Gordon Wilson's
direction, has put Travelport in a fundamentally improved position
with a significantly strengthened financial profile and strong
growth momentum.  The recent Board appointments of Elizabeth Buse,
Michael Durham and Douglas Hacker provide Travelport with further
talented domain expertise across payments, airlines and travel
distribution.  I have the highest confidence that the Travelport
brand and management team will serve well the interests of
Travelport's shareholders.  As a result, I will now be able to
focus more of my time on my responsibilities at Q."

                     About Travelport Worldwide

Travelport Worldwide Limited is a travel commerce platform
providing distribution, technology, payment and other solutions
for the global travel and tourism industry.

The Company's balance sheet at Sept. 30, 2014, showed $2.99
billion in total assets, $3.20 billion in total liabilities and a
$210 million total deficit.

                           *     *     *

As reported by the TCR on Sept. 8, 2014, Standard & Poor's Ratings
Services raised to 'B-' from 'CCC+' its long-term corporate credit
ratings on U.K.-based travel services provider Travelport
Worldwide Limited and its new wholly owned financing entity,
Travelport Finance (Luxembourg) S.a.r.l. (Travelport Finance).
The outlook is stable.


UD DISSOLUTION: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: UD Dissolution Corp.
        12159 South Business Park Drive, Suite 140
        Draper, UT 84020

Case No.: 14-32546

Chapter 11 Petition Date: November 26, 2014

Court: United States Bankruptcy Court
       District of Utah (Salt Lake City)

Judge: Hon. Joel T. Marker

Debtor's Counsel: Deborah Rae Chandler, Esq.
                  MILLER TOONE, P.C.
                  165 Regent Street
                  Salt Lake City, UT 84111
                  Tel: (801) 363-5600
                  Fax: (801) 363-5601
                  Email: chandler@millertoone.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Eric Lindstrom, trustee.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/utb14-32546.pdf


URANIUM ONE: Fitch Affirms 'BB-' LT FC Issuer Default Rating
------------------------------------------------------------
Fitch Ratings has affirmed Canada-based Uranium One Inc.'s
(Uranium One) Long-term foreign currency Issuer Default Rating
(IDR) at 'BB-'. The Outlook is Stable.

Fitch has also affirmed at 'BB-' the senior unsecured rating of
USD300m 6.25% notes due 2018, issued by Uranium One Investments
Inc., a fully-owned subsidiary of Uranium One. Noteholders benefit
from guarantees issued by Uranium One and certain subsidiaries.
The guarantees are backed by various security interests including
over bank accounts, shares and trade receivables. A full list of
rating actions is provided at the end of this commentary.

Uranium One's IDR includes a three-notch uplift from Fitch's
standalone assessment of 'B-' for support from its wholly state-
owned parent, State Atomic Energy Corporation Rosatom (Rosatom),
and, ultimately, the Russian Federation (BBB/Negative). Rosatom is
the world's leader in the integrated uranium production, in
nuclear power plant engineering, fabrication and construction, and
a top nuclear power utility in Russia. We view as strong the
strategic and operational ties between Uranium One and Rosatom.
More robust legal ties, eg, financial guarantees for a large
portion of Uranium One's debt would result in a closer rating
alignment between Uranium One and Rosatom.

Key Rating Drivers

Rosatom's Strategic Asset
Uranium One's low-cost position in extraction of triuranium
octoxide (U3O8) is important for Rosatom's successful development.
As Rosatom owns 40% of global uranium enrichment capacity, it
needs low-cost feedstock to maintain enrichment profit margins and
requires contracted uranium supply to attract reactor customers.
With expected 2014 cash costs of USD14 per 1 pound (lb) of U3O8,
Uranium One is one of the lowest-cost producers globally. Nearly
all of its production comes from Kazakhstan from joint ventures
(JVs) with JSC National Atomic Company Kazatomprom (BBB-/Stable).

Rosatom's strong strategic and operational ties with Uranium One
are key to the parent maintaining its long-term aim of being a
leader across global nuclear markets. Uranium One has a strategic
off-take agreement with Rosatom's subsidiary, to which it sells
over half of its production predominantly at spot prices. Uranium
One also acts as Rosatom's international marketing arm and has
long-term off-take agreements with customers in Asia, the USA and
Europe.

Subsoil Use Rights Restated

In October 2014, the Kazakh authorities issued the subsoil use
rights to two of Uranium One's JVs - SMCC LLP (Akdala and South
Inkai fields) and Khorasan-U LLP (Kharasan field). This followed
an earlier invalidation of the subsoil use rights of two
predecessor JVs - Betpak Dala LLP and Kyzylkum LLP after a local
court in June 2014 dismissed their appeal of the authorities order
to invalidate their licenses for the above-mentioned fields. While
Uranium One lost about 2.4m lbs of attributable production from
Akdala, South Inkai and Kharasan between March 2014 to October
2014 when the JV subsoil use rights were invalidated, Betpak Dala
and Kyzylkum received service revenues that ensured that their
economic return from operations was not affected.

Rosatom was involved in negotiation with the Kazakh authorities
and Kazatomprom to ensure that the new subsoil rights were issued
on the same terms as the original ones.

'B-' Standalone Profile

Uranium One's standalone creditworthiness is constrained by its
small size, its dependence on production and dividends from the
JVs, its exposure to a single commodity and spot uranium prices
and expected high funds from operations (FFO)-adjusted gross
leverage. Uranium One almost exclusively depends on dividends from
JVs to service its debt. In 9M14, it received USD67.6m in
dividends from JVs, down from USD98.3m a year ago. It had USD32m
in dividends receivable at 30 September 2014, while it used up
USD77.6 million in operating cash flows in the period and made a
USD34.5m equity contribution to the JV capital.

In 2014, Uranium One expects that its total attributable
production will reach 10m lbs of uranium, a drop from 13.2 million
lbs in 2013 due to the subsoil right issue and production
optimisation.

Based on uranium U3O8 futures prices of USD45/lb in 2015, USD48/lb
in 2016, USD52/lb in 2017 and USD55/lb in 2018, we expect that the
company's FFO, which includes income from wholly-consolidated
operations and a proportionate share of dividends from JVs, will
deteriorate in 2014-2015 before recovering in 2016. FFO-adjusted
leverage will also deteriorate to above 15x in 2014-2015, before
improving to about 5x (gross) and about 4x (net) by end-2016.

Low-Cost Position Beneficial

Uranium One mines nearly all of its uranium from its Kazakhstan's
JVs using the in-situ leaching method. In 2013 the company had
cash costs of USD17/lb, and forecasts 2014 cash costs of USD14/lb,
due to cost-optimisation measures and the 19% Kazakh tenge
devaluation in February 2014. The company sells its uranium
predominately at spot prices, which distinguishes it from some
other miners eg, Kazatomprom that sell their uranium at a mix of
long-term and spot prices.

Uranium Price Pressures Remain

In June 2014 spot uranium prices touched a multi-year low of
USD28.2/lb, before improving to about USD40/lb in November 2014.
In 10M14 average uranium prices were USD32.4/lb, a 15% drop on the
average price in 2013. According to Uranium One, the uranium spot
price increase to USD35.5/lb in September 2014 is mainly driven by
sentiment due to Japan's recent approval of two reactor restarts
at the Sendai nuclear power plant and a sharp reduction in
producer selling. While off-takers have little unmet uranium
demand in the short-term, some are buying at the currently low
spot and mid-term prices. In the meantime, low uranium prices have
led to further production cutbacks and development projects
deferrals eg, in Namibia and the US. Ux Consulting expects primary
U3O8 production in 2014 of 149m lbs, a 3% drop yoy.

Fitch views long-term uranium demand prospects as positive. Ux
Consulting/World Nuclear Association (WNA) expect that between
2014 and 2030 global nuclear generating capacity will increase 55%
to 581 gigawatt (GW) and that global demand for U3O8 will increase
from 171m lb to 266m lbs. There are currently 71 new reactors
under construction with a total capacity of 75GW.

Rating Sensitivities

Positive: Future developments that could lead to positive rating
action include:

-- Stronger legal linkage with the parent, ie, financial
    guarantees for a large portion of Uranium One's debt or cross
    default provisions that would include Uranium One

-- Improved financial profile, e.g., FFO-adjusted gross leverage
    of below 3x and FFO fixed charge cover of at least 6x on a
    sustained basis (end-2013: 5.6x and 2.6x respectively), which
    would be positive for Uranium One's standalone profile

Negative: Future developments that could lead to negative rating
action include:

-- Weakening linkage with the parent, eg, inability to obtain
   timely refinancing from the parent company or its subsidiaries,
   which could result in Fitch reviewing the current level of
   parental support

-- Squeezed liquidity due to lower-than-expected dividend stream
   from JVs as a result of sustained depressed uranium prices

-- Failure to improve the financial profile by end-2017 in line
   with expectations of a standalone 'B-' rated mining company
   including FFO-adjusted gross leverage of above 3.5x and FFO
   interest coverage of less than 2x based on mid-cycle uranium
   price assumptions, which would be negative for the standalone
   profile

Liquidity and Debt Structure

Fitch views Uranium One's liquidity as satisfactory. At 30
September 2014, it had USD158m in unrestricted cash which more
than covered USD38.2m in short-term debt and Fitch-projected
negative free cash flows for Q414. Its long-term debt consists of
USD661.4m of RUB-denominated bonds due 2016 and 2020 and USD-
denominated notes due 2018.

Full List of Rating Actions

Uranium One Inc.

-- Long-term foreign currency IDR: affirmed at 'BB-'; Outlook
    Stable
-- Long-term local currency IDR: affirmed at 'BB-'; Outlook
    Stable
-- Foreign currency Short-term IDR: affirmed at 'B'
-- Local currency Short-term IDR: affirmed at 'B'
-- Senior unsecured rating: affirmed at 'BB-'

Uranium One Investments Inc.'s USD300 million 6.25% notes due 2018

-- Senior unsecured rating: affirmed at 'BB-'


US SECURITY: Moody's Affirms B3 CFR & Changes Outlook to Stable
---------------------------------------------------------------
Moody's Investors Service changed the rating outlook for US
Security Associates Holdings, Inc. ("US Security") to stable from
negative, and affirmed the company's B3 Corporate Family Rating
("CFR") as well as the B2 rating on US Security's senior secured
term loan facilities. Moody's has assigned a B2 rating to the
company's proposed amended senior secured revolving credit
facility due 2017. Moody's will withdraw the rating on the
existing revolver due 2016 when the amendment closes. The outlook
has been changed to stable to reflect the improvement in liquidity
that the company has achieved through amendments to its senior
credit facilities.

Assignments:

Issuer: U.S. Security Associates Holdings, Inc.

Senior Secured Bank Credit Facility (Local Currency), Assigned B2
(LGD3, 37 %)

Outlook Actions:

Issuer: U.S. Security Associates Holdings, Inc.

Outlook, Changed To Stable From Negative

Affirmations:

Issuer: U.S. Security Associates Holdings, Inc.

Probability of Default Rating, Affirmed B3-PD

Corporate Family Rating (Local Currency), Affirmed B3

Senior Secured Bank Credit Facility (Local Currency), Affirmed B2

On November 13, 2014, US Security launched an amendment to its
senior secured credit facility to loosen the financial covenants
and extend the expiration date of the revolver by nine months, to
April 2017. Moody's rating actions anticipate near term completion
of the amendment and considers the change to financial covenants
as key to restoring an adequate liquidity condition. The company
was not likely to remain in-compliance with existing leverage
covenant limits under current terms of the credit facility, which
stepped-down substantially through 2015. It is expected that the
company will maintain the necessary cushion to the new net
leverage covenant ratios over the near term. Moody's notes that
these ratios step down starting Q1 2016. As such, it is important
that US Security demonstrates a steady trend of operating
improvement over the next few years to maintain a solid cushion to
covenants and sustain an adequate liquidity profile. Moody's also
views the extension of the revolver as an improvement to
liquidity, as this alleviates refinancing risk associated with
this facility through 2015.

Ratings Rationale

The B3 CFR reflects Moody's expectations for slow improvements in
operating performance as the company continues its integration
efforts for recent acquisitions, the 2012 purchase of Andrews
International in particular. Consequently, debt to EBITDA is
expected to remain close to 6 times (after Moody's standard
adjustments) through 2015, which Moody's believes is commensurate
with a B3 rating based on the company's operating profile. The
risk of market share erosion in a highly competitive industry also
weighs on the rating. Nonetheless, US Security's recession-
resistant end market demand characteristics, flexible cost
structure, and minimal capital spending requirements are positive
rating factors.

Ratings could be lowered if Moody's expects revenue or the
operating margin to decline, resulting in continued negative free
cash flow and deteriorating credit metrics, along with weaker
liquidity including tightening room under financial covenants as
the prescribed net leverage ratio steps down. Debt to EBITDA in
excess of 7 times and EBITA to Interest coverage of less than 1.0
time could prompt lower rating consideration.

Higher ratings could be considered if the company maintains a
robust liquidity condition, including regular generation of
positive free cash flow while demonstrating reliable growth in
revenue at improving margins, which will allow the company to
rapidly de-lever through reduction of debt. Sustaining metrics
such as debt to EBITDA below 6 times, EBITA to Interest above 1.5
times, and retained cash flow to debt above 10% would also support
higher rating consideration.

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

US Security is a provider of uniformed security guards in North
America owned by affiliates of Goldman Sachs Capital Partners. US
Security reported revenue of approximately $1.3 billion for the
LTM period ending Sept. 30, 2014.


VISUALANT INC: Creates Opportunity for "Invisible Bar Codes"
------------------------------------------------------------
Visualant, Inc., received its seventh patent on its ChromaID
technology.  Encoding information in machine-readable symbols like
barcodes and other 2D codes are used throughout industry to track
material movements, machine operations, health records, and other
important assets throughout the world's manufacturing and service
industries.  These industries have an ever increasing need for
encoding additional data into these codes.  Visualant's technology
can meet these industry needs.

Visualant's latest patent adds a new element to the encoding
process by leveraging the Visualant ChromaID scanner's ability to
recognize differences in molecular and atomic structures allowing
new data to be added using conventional printing processes without
changing the visual appearance of today's codes.

Visualant's ChromaID technology was invented when Dr. Thomas
Furness, a professor at the University of Washington and pioneer
in the field of virtual reality, recognized that every material
exhibited a unique light signature when stimulated by visible and
invisible structured coherent light sources.  Adding additional
materials in specific patterns can be detected using the ChromaID
technology adding a new dimension of data density, very similar to
the way microdots can hide large amounts of information in "plain
sight".  This allows the symbols to be easily incorporated into
almost any document or on any good (e.g.? fabric of high value
clothing, handbags, shoes.)  In other words, the counterfeiter
cannot counterfeit or modify what he cannot see!

The patent issued by the United States Office of Patents and
Trademarks is US Patent No. 8,888,207 and is entitled "Systems,
Methods, and Articles Related to Machine-Readable Indicia and
Symbols."

Ron Erickson, Visualant Founder and CEO, stated, "We believe the
"invisible bar code" application of the Visualant ChromaID
technology covered by this patent has significant potential in the
marketplace.  The automatic identification and data capture
industry requires ever greater information density and security.
Visualant's ChromaID technology provides both at a low cost and in
very flexible form factor."

Meanwhile, Visualant also announced that Intellectual Ventures
(IV) has exclusively licensed to the Company filed patent
applications developed by their inventor network.  The patents in
question cover a number of unique applications and enhancements of
the Visualant ChromaID technology.

Visualant and IV entered into a strategic relationship late last
year.  Pursuant to that agreement Visualant provided 20 ChromaID
development kits to Intellectual Ventures for distribution to
twenty inventors and inventor groups in the IV global inventor
network.  Those inventors returned a significant number of
invention disclosures from which IV will file a number of patents
based upon the Visualant ChromaID technology.  Pursuant to the
agreement between the parties, IV filed a number of patents which
they have exclusively licensed to Visualant in exchange for a
royalty payment resulting from commercialization of the
technology.  Additionally, IV will pursue commercialization
opportunities for the Visualant technology through their own
business development process.

ChromaID is a breakthrough, light-based identification and
measurement technology, with the potential to disrupt traditional
spectral analysis and other costly methods of identification,
authentication and diagnosis.  The ChromaID development kits allow
companies to work with the Visualant technology and explore unique
applications of the technology to solve particular problems in
their industry segment.

Ron Erickson, Visualant Founder and CEO said, "We have had a first
class experience working with Intellectual Ventures and their
global inventor network.  We provided our foundational technology
to them and they in turn created a broad array of exciting
applications and extensions to our technology.  IV has filed
patents that grew out of that process and has now assigned those
filed patents to Visualant.  Now, we will go out into the market
to exploit and license that intellectual property."

Eric Bell, senior director, Investment Strategy at the Invention
Development Fund of Intellectual Ventures, said, "Our inventor
network developed creative extensions of the Visualant technology
around which we have filed a number of patents.  These are now
exclusively licensed, worldwide to Visualant.  We will continue to
work with Visualant to assist them in exploiting their ChromaID
technology and finding marketplace commercialization opportunities
for their technology."

                       About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant incurred a net loss of $6.60 million for the year ended
Sept. 30, 2013, as compared with a net loss of $2.72 million for
the year ended Sept. 30, 2012.

As of June 30, 2014, the Company had $3.46 million in total
assets, $7.09 million in total liabilities, all current, $72,713
in non-controlling interest, and a $3.70 million total
stockholders' deficit.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Sept. 30, 2013.  The independent auditors noted
that the Company has sustained a net loss from operations and has
an accumulated deficit since inception.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


WET SEAL: Struggling Retailer Hires Advisers to Review Options
--------------------------------------------------------------
Tess Stynes, writing for Daily Bankruptcy Review, reported that
Wet Seal Inc. said it has put together a team and hired an
investment banker and a senior adviser to assist the struggling
retailer as it considers its strategic options.

The Wet Seal, Inc. -- http://www.wetsealinc.com/-- is a specialty
retailer of fashionable and contemporary apparel and accessory
items.  The Company was incorporated in Delaware and is
headquartered in Foothill Ranch, California.


YRC WORLDWIDE: EVP and General Counsel Resigns
----------------------------------------------
Michelle A. Friel, executive vice president and general counsel of
YRC Worldwide Inc., notified the Company of her intention to
resign from YRC Worldwide Inc., on Nov. 21, 2014, according to a
regulatory filing with the U.S. Securities and Exchange
Commission.

On her separation date, Ms. Friel will resign as executive vice
president and general counsel of the Company (and any director or
officer positions in the Company and any subsidiary of the
Company, as well as from her role as a fiduciary of any benefit
plan of the Company).  Ms. Friel will separate from the Company on
or before Jan. 2, 2015, subject to certain notification provisions
set forth in the separation agreement between Ms. Friel and the
Company, entered into on Nov. 21, 2014.  Subject to, among other
things, Ms. Friel's execution of a general release and compliance
with certain restrictive covenants in her Employment Agreement
with the Company, dated as of Jan. 9, 2012, and amended Oct. 30,
2012, Ms. Friel will be entitled to receive continued monthly
payment of her base salary for the 18 month period beginning on
the 60th day following the Separation Date.  In connection with
Ms. Friel's resignation, the Compensation Committee of the
Company's Board of Directors has agreed to cause Ms. Friel's
52,757 unvested shares of restricted stock of the Company to fully
vest as of the date the general release becomes irrevocable.

                       About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers
its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

The Company incurred a net loss of $83.6 million in 2013 following
a net loss of $136.5 million in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $2.04
billion in total assets, $2.40 billion in total liabilities and a
$361.2 million total shareholders' deficit.

                            *    *    *

As reported by the TCR on Feb. 18, 2014, Moody's Investors Service
had upgraded the Corporate Family Rating for YRC Worldwide Inc.
("YRCW") from Caa3 to B3, following the successful closing of its
refinancing transactions.

In the Jan. 31, 2014, edition of the TCR, Standard & Poor's
Ratings Services said that it raised its ratings on Overland Park,
Kansas-based less-than-truckload (LTL) trucker YRC Worldwide Inc.
(YRCW), including the corporate credit rating to 'CCC+' from
'CCC', and removed them from CreditWatch negative, where they were
placed on Jan. 10, 2014.  "The upgrades reflect YRCW's improved
liquidity position and minimal debt maturities as a result of its
proposed refinancing," said Standard & Poor's credit analyst Anita
Ogbara.


* BOND PRICING: For The Week From November 24 to 28, 2014
---------------------------------------------------------

  Company               Ticker  Coupon Bid Price  Maturity Date
  -------               ------  ------ ---------  -------------
Allen Systems
  Group Inc             ALLSYS  10.500    35.000     11/15/2016
Allen Systems
  Group Inc             ALLSYS  10.500    36.500     11/15/2016
BPZ Resources Inc       BPZ      6.500    90.260       3/1/2015
BPZ Resources Inc       BPZ      6.500    90.951       3/1/2015
Caesars Entertainment
  Operating Co Inc      CZR     10.000    13.000     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    15.732       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     12.750    16.468      4/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      6.500    11.955       6/1/2016
Caesars Entertainment
  Operating Co Inc      CZR      5.750    15.055      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    12.000     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    13.500       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     10.000    12.000     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    14.500     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      5.750    13.000      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    12.000     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    12.750     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    13.500       2/1/2016
Cal Dive
  International Inc     CDVI     5.000    22.500      7/15/2017
Champion
  Enterprises Inc       CHB      2.750     0.250      11/1/2037
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    49.237     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    49.000     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    49.000     11/15/2017
Dendreon Corp           DNDN     2.875    59.000      1/15/2016
Endeavour
  International Corp    END     12.000    15.000       6/1/2018
Endeavour
  International Corp    END      5.500     3.250      7/15/2016
Energy Conversion
  Devices Inc           ENER     3.000     7.875      6/15/2013
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc      TXU     10.000     9.250      12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU     10.000     9.500      12/1/2020
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc      TXU      6.875     5.625      8/15/2017
Exide Technologies      XIDE     8.625     9.500       2/1/2018
Exide Technologies      XIDE     8.625    15.000       2/1/2018
Exide Technologies      XIDE     8.625    15.000       2/1/2018
FBOP Corp               FBOPCP  10.000     2.000      1/15/2009
FairPoint
  Communications
  Inc/Old               FRP     13.125     1.000       4/2/2018
Fleetwood
  Enterprises Inc       FLTW    14.000     3.557     12/15/2011
Global Geophysical
  Services Inc          GEGS    10.500     1.500       5/1/2017
Global Geophysical
  Services Inc          GEGS    10.500     0.930       5/1/2017
Gymboree Corp/The       GYMB     9.125    36.255      12/1/2018
James River Coal Co     JRCC     7.875     1.000       4/1/2019
James River Coal Co     JRCC    10.000     1.100       6/1/2018
James River Coal Co     JRCC    10.000     0.500       6/1/2018
James River Coal Co     JRCC     3.125     0.005      3/15/2018
Las Vegas Monorail Co   LASVMC   5.500     1.100      7/15/2019
Lehman Brothers Inc     LEH      7.500     9.125       8/1/2026
MF Global Holdings Ltd  MF       6.250    37.550       8/8/2016
MF Global Holdings Ltd  MF       1.875    38.100       2/1/2016
MF Global Holdings Ltd  MF       3.375    29.900       8/1/2018
MModal Inc              MODL    10.750    10.125      8/15/2020
Molycorp Inc            MCP      6.000    34.600       9/1/2017
Molycorp Inc            MCP      3.250    50.750      6/15/2016
Molycorp Inc            MCP      5.500    32.000       2/1/2018
Momentive Performance
  Materials Inc         MOMENT  11.500     1.750      12/1/2016
NII Capital Corp        NIHD    10.000    37.500      8/15/2016
NII Capital Corp        NIHD     7.625    17.500       4/1/2021
NII Capital Corp        NIHD     8.875    28.250     12/15/2019
OMX Timber Finance
  Investments II LLC    OMX      5.540    25.188      1/29/2020
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Powerwave
  Technologies Inc      PWAV     3.875     0.125      10/1/2027
Powerwave
  Technologies Inc      PWAV     3.875     0.125      10/1/2027
Quicksilver
  Resources Inc         KWK      7.125    19.625       4/1/2016
RAAM Global Energy Co   RAMGEN  12.500    75.901      10/1/2015
RadioShack Corp         RSH      6.750    34.250      5/15/2019
RadioShack Corp         RSH      6.750    34.250      5/15/2019
Saratoga Resources Inc  SARA    12.500    57.000       7/1/2016
TMST Inc                THMR     8.000    20.000      5/15/2013
Terrestar Networks Inc  TSTR     6.500    10.000      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250    11.875      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    26.000       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250    11.750      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    10.313      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    27.000       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250    10.125      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    10.500      11/1/2016
Tunica-Biloxi
  Gaming Authority      PAGON    9.000    59.750     11/15/2015
Walter Energy Inc       WLT      9.875    30.000     12/15/2020
Walter Energy Inc       WLT      8.500    28.289      4/15/2021
Walter Energy Inc       WLT      9.875    30.250     12/15/2020
Walter Energy Inc       WLT      9.875    30.250     12/15/2020
Western Express Inc     WSTEXP  12.500    89.250      4/15/2015
Western Express Inc     WSTEXP  12.500    89.500      4/15/2015


                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com by e-mail.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
petitions in Acrobat PDF documents.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2014.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.


                  *** End of Transmission ***