TCR_Public/141209.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Tuesday, December 9, 2014, Vol. 18, No. 342

                            Headlines

14520 HESBY: Case Summary & 14 Unsecured Creditors
ADAMIS PHARMACEUTICALS: Sio Holds 11% Stake as of Oct .15
ADT CORP: S&P Assigns 'BB-' Rating on $400MM Sr. Unsecured Notes
AMERICAN AIRLINES: Mechanics' Lawsuit vs. Union Pact Dismissed
AMERICAN BREWING: Posts $247K Net Loss in Sept. 30 Quarter

ANPULO FOOD: Incurs $411K Net Loss in Third Quarter
ANESTHESIA HEALTHCARE: Key Employee Retention Plan Okayed
APARTMENTS AT DUCKERS: Case Summary & 4 Unsecured Creditors
ASR 2401: Dec. 9 Hearing on Bid to Sell Property of the Estate
ASR 2401: Wants Preferred Income's Bid to Dismiss Case Denied

ASSOCIATED WHOLESALERS: Workers Lose Pension, Benefits Under C&S
AUTHENTIC TRANSPORT: Case Summary & 18 Top Unsecured Creditors
BAXANO SURGICAL: Gets Interim Nod to Obtain Hercules DIP Loan
BAYONNE ENERGY: S&P Lowers Rating to 'BB-' on Debt Amendment
BIOLASE INC: Has $3.49-Mil. Net Loss for Sept. 30 Quarter

BION ENVIRONMENTAL: Reports $705K Net Loss for Third Quarter
BOSTON THERAPEUTICS: Has $1.16-Mil. Net Loss in Third Quarter
BUILDING #19: Posternak Authorized to Prosecute Derivative Claims
CAESARS ENTERTAINMENT: 2021 Bank Debt Trades at 7% Off
CALDERA PHARMACEUTICALS: Changes Name to "XRpro Sciences, Inc."

CALIFORNIA COMMUNITY: Dec. 10 Hearing on Bid for Cash Access
CANCER GENETICS: Appoints Two Directors to Board
CBS OUTDOOR: 2021 Bank Debt Trades at 2% Off
CIT GROUP: Fitch Assigns 'BB+/B' Issuer Default Ratings
CLEAN DIESEL: Incurs $1.57-Mil. Net Loss in Sept. 30 Quarter

CLEVELAND IMAGING: Will Reopen This Month Under New Management
COCRYSTAL PHARMA: Schinazi Reports 38.9% Stake as of Nov. 25
COMMUNITY HOME: Automatic Stay Lifted in Favor of Lunar Heights
CONYERS 138: Proposes to Hire Evan Altman as Bankruptcy Counsel
CTI BIOPHARMA: Gets $15 Million Milestone Payment for TRISENOX

DANA HOLDING: S&P Assigns 'BB+' Rating on $425MM Unsecured Notes
DEALER TIRE: S&P Assigns 'B' Corp. Credit Rating; Outlook Stable
DELIA*S INC.: Case Summary & 50 Largest Unsecured Creditors
DELL INC: S&P Raises Corp. Credit Rating to 'BB+' on Reduced Debt
EAST CLEVELAND, OHIO: Is Insolvent; Recovery Plan Inadequate

ENDEAVOUR INT'L: Seeks to Hire Ernst & Young as Auditors
ENERGY TRANSFER: Bank Debt Trades at 2% Off
ENERGYTEK CORP: Reports $187K Net Loss for Q3
ERF WIRELESS: Sold 6.2 Million Common Shares
EVERYWARE GLOBAL: SVP Sales North America Resigns

EVRAZ NORTH AMERICA: S&P Assigns B+ CCR & Rates Secured Notes BB
EXELIXIS INC: Releases Results of COMET-2 Final Analysis
EXIDE TECHNOLOGIES: Seeks to Supplement PwC's Services
FAIRPOINT COMMUNICATIONS: State Wants Probe on Service Failures
FORTESCUE METALS: Bank Debt Trades at 8% Off

FRED FULLER: Bid for More Access to Cash Collateral Denied
FRIENDLY ICE CREAM: Friendly's Unionville Restaurant Closes
GETTY IMAGES: Bank Debt Trades at 6% Off
GLOBAL DIGITAL: Reports $2.86-Mil. Net Loss for Sept. 30 Quarter
GRAND CENTREVILLE: Seeks Approval to Hire Resource International

GRAND CENTREVILLE: Proposes to Hire KLNB as Broker
GRAND CENTREVILLE: Seeks Approval to Hire PCA as Consultant
GUAM: S&P Rates $100MM 2014 Lease Revenue Bonds 'B+'
GUIDED THERAPEUTICS: Obtains $3.8MM From Common Stock Offering
HAAS ENVIRONMENTAL: Stipulation with Wells Fargo Equipment OK'd

HAAS ENVIRONMENTAL: William Mackin Accepts Mediation Assignment
HD SUPPLY: Sells $1.2 Billion of Senior Notes
HOTEL OUTSOURCE: Announces Change of Control, Names New CEO
HOWREY LLP: Inks Deal with Landlord, Former Partners
IDEAL TILE: Case Summary & 16 Unsecured Creditors

IMAGEWARE SYSTEMS: Appoints Jeff Harris as SVP Sales & Marketing
INSITE VISION: Incurs $3.28-Mil. Net Loss in Third Quarter
ISR GROUP: Plan Confirmation Hearing Rescheduled for Dec. 18
KU6 MEDIA: Annual General Meeting Rescheduled for Dec. 26
LA FRONTERA: S&P Lowers Rating to 'B+', Off Watch Negative

LAKELAND INDUSTRIES: WTC-CTF Micro Cap Has 5% Stake as of Nov. 24
LILY GROUP: Bankruptcy Case Transferred to Judge Basil H. Lorch
LITHIUM TECHNOLOGY: Case Summary & 20 Largest Unsecured Creditors
LOUISIANA OILFIELD: Case Summary & 11 Top Unsecured Creditors
MOMENTIVE SPECIALTY: Merges With Finance Corp

NATURAL MOLECULAR: Court to Consider Asset Sale Dec. 12
NEW YORK CITY OPERA: Investors Has Deal for Revival
NORTEL NETWORKS: Northern Ireland Workers Awarded GBP50K
NORTHLAND RESOURCES: Files Bankruptcy Request for Several Units
NORTHLAND RESOURCES: Bankruptcy Request for Swedish Units Okayed

OK SOD: Case Summary & 20 Largest Unsecured Creditors
OXFORD RESOURCE: Regains Compliance With NYSE Rule
PULSE ELECTRONICS: Names Mark Twaalfhoven Chief Executive Officer
QUALITY LEASE: U.S. Trustee Unable to Form Creditors' Committee
QUANTUM FUEL: Amends $75 Million Securities Prospectus

RADIOSHACK CORP: Again Denies Defaulting on Loan
REDPRAIRIE CORP: Bank Debt Trades at 6% Off
SAMUEL WYLY: Church Wins Chance to Fight for $20,000 Claim
SAN ANGELO COLTS: US Trustee Wants Dismissal of Chapter 11 Case
SCRUB ISLAND: Wants Evidence on Confirmation and Action Merged

SEA SHELL: Authorized to Sell Real Property at 700 Gulf Breeze
SEARS HOLDINGS: Reports $628 Million Net Loss for Third Quarter
SEVEN ARTS: Appoints New Chief Financial Officer
SIMPLEXITY LLC: Asks Court to Approve Settlement With Fifth Third
SIMPLEXITY LLC: Inks Deal with Lender on Ch. 7 Conversion

SIMPLEXITY LLC: Has Until Jan. 12 to Propose Ch. 11 Plan
SNTECH INC: Case Summary & 20 Largest Unsecured Creditors
SOLAR POWER: Acquires Sinsin Renewable for $91.8 Million
TEHACHAPI REDEVELOPMENT: S&P Raises TABs Rating to BB+
TERESA GIUDICE: 'Real Housewives' Star Sues Former Lawyer

TIBCO SOFTWARE: Bank Debt Trades at 3% Off
TITAN ENERGY: PTES Acquisition Holds 94.8% Stake as of Nov. 24
TRUMP ENTERTAINMENT: Wants Until April 7 to Remove Actions
TRUSTEES OF CONNEAUT: Case Summary & 20 Top Unsecured Creditors
UNI-PIXEL INC: Files Copy of Presentation Materials With SEC

UPC BROADBAND: Bank Debt Trades at 2% Off
VARIANT HOLDING: Gets Final OK to Incur $10 Million Financing
VEHICLE RESEARCH: Case Summary & 20 Largest Unsecured Creditors
VICTORY ENERGY: Reports $660,000 Net Loss for Third Quarter
VITALGO INC: Case Summary & 14 Largest Unsecured Creditors

VUZIX CORP: Amends 2.7 Million Common Shares Prospectus
WALTER INVESTMENT: Bank Debt Trades at 8% Off
WISE METALS: S&P Raises Credit Rating to 'B'; Outlook Stable
WPX ENERGY: S&P Rates $1.5BB Unsecured Revolver Debt 'BB+'
ZYNEX INC: Posts $268K Net Income in Third Quarter

* SEC Sanctions 8 Audit Firms for Violating Auditor Independence

* ABI Urges Rule Requiring Impaired Creditor's Plan Vote Dumped
* American Bankruptcy Institute Offers Ideas to Ease Ch. 11

* Dorsey & Whitney's Peggy Hunt Named FBA-Utah Chapter President

* Large Companies With Insolvent Balance Sheet


                             *********

14520 HESBY: Case Summary & 14 Unsecured Creditors
--------------------------------------------------
Debtor: 14520 Hesby, LLC
        6360 Van Nuys Blvd., Suite 202
        Van Nuys, CA 91401
        Tel: (818) 780-9003

Case No.: 14-15412

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 5, 2014

Court: United States Bankruptcy Court
       Central District Of California (San Fernando Valley)

Judge: Hon. Victoria S. Kaufman

Debtor's Counsel: William H Brownstein, Esq.
                  WILLIAM H. BROWNSTEIN & ASSOCIATES
                  1250 6th St Ste 205
                  Santa Monica, CA 90401-1637
                  Tel: 310-458-0048
                  Fax: 310-576-3581
                  E-mail: Brownsteinlaw.bill@gmail.com

Total Assets: $2.44 million

Total Liabilities: $2.63 million

The petition was signed by Ahron Zilberstein, managing member.

A list of the Debtor's 14 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb14-15412.pdf


ADAMIS PHARMACEUTICALS: Sio Holds 11% Stake as of Oct .15
---------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Sio Capital Management, LLC, disclosed that as of
Oct. 15, 2014, it beneficially owned 1,168,566 shares of common
stock of Adamis Pharmaceuticals Corporation representing 11.07
percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/O64EKY

                            About Adamis

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

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

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

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

                         Bankruptcy Warning

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


ADT CORP: S&P Assigns 'BB-' Rating on $400MM Sr. Unsecured Notes
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' issue-level
rating to Boca Raton, Fla.-based residential and small business
alarm monitoring company ADT Corp.'s new $400 million senior
unsecured notes, with a recovery rating of '3', indicating S&P's
expectation of meaningful (50%-70%) recovery in the event of a
payment default.

Proceeds from the notes will be used primarily to repay the
outstanding amount under ADT's revolving credit facility and for
general corporate purposes.

S&P expects that the company will continue to use a combination of
free cash flow and additional debt to finance shareholder returns,
such that reported leverage is 3.0x (corresponding to Standard &
Poor's adjusted leverage in the mid- to high-5x area).

The 'BB-' corporate credit rating on ADT is indicative of its
"satisfactory" business risk profile and "highly leveraged"
financial risk profile.  Pro forma for the proposed issue,
Standard & Poor's adjusted leverage as of Sept. 26, 2014 will be
around 5x.

RATINGS LIST

The ADT Corp.
Corporate Credit Rating           BB-/Stable/--

The ADT Corp.
$400 million notes
Senior Unsecured                  BB-
  Recovery Rating                  3


AMERICAN AIRLINES: Mechanics' Lawsuit vs. Union Pact Dismissed
--------------------------------------------------------------
U.S. District Judge Christopher Cooper has ruled that American
Airlines mechanics unhappy with their employer's contract with the
Transportation Workers Union lack standing to sue, David Lee at
Courthouse News Service reports.

Citing Judge Cooper, Courthouse News relates that the mechanics'
lawsuit lacked subject matter jurisdiction and failed to identify
"any impending injury that could be prevented by the relief they
seek."  The report quoted Judge Cooper as saying, "Given the
distinct possibility that the TWU will not be the exclusive
bargaining representative in negotiations over the next CBA, and
the lack of information regarding when and how negotiations can be
expected to unfold, plaintiffs have not demonstrated a substantial
risk that TWU's alleged favoritism towards the Tulsa mechanics in
the last round of system-wide bargaining will reoccur.  This
source of alleged future injury is therefore insufficient to
establish standing."

Courthouse News recalls that Gary Peterson and others brought a
federal class action in Washington in 2013, claiming TWU breached
its duty of fair representation and violated their voting rights
under the Labor-Management Reporting and Disclosure Act.
According to the report, the complainants alleged that TWU favored
mechanics who work at American Airlines' main maintenance base in
Tulsa, Oklahoma, at the expense of company mechanics elsewhere.
The report says that the plaintiffs claimed the union negotiated
to "inflict disproportionate losses on what it viewed as
troublesome dissenters," and that its leadership was "openly
hostile" during negotiations with leaders of non-Tulsa local
unions.

According to Courthouse News, the plaintiffs sought declaratory
judgment and a permanent injunction stopping TWU from using the
alleged unfair practices in future negotiations.

Courthouse News reports that Judge Cooper disagreed that the suit
is necessary to protect the mechanics from unfair treatment in the
current collective-bargaining agreement.

The contract runs through September 2018 and will not be up for
renegotiation until September 2016, Courthouse News relates.

                     About American Airlines

AMR Corp. and its subsidiaries including American Airlines filed
for bankruptcy protection (Bankr. S.D.N.Y. Lead Case No. 11-15463)
in Manhattan on Nov. 29, 2011, after failing to secure cost-
cutting labor agreements.  AMR, previously the world's largest
airline prior to mergers by other airlines, is the last of the so-
called U.S. legacy airlines to seek court protection from
creditors.  It was the third largest airline in the United States
at the time of the bankruptcy filing.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.  Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

The Retiree Committee is represented by Jenner & Block LLP's
Catherine L. Steege, Esq., Charles B. Sklarsky, Esq., and Marc B.
Hankin, Esq.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced a
definitive merger agreement under which the companies will combine
to create a premier global carrier, which will have an implied
combined equity value of approximately $11 billion.

The bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.

In November 2013, AMR and the U.S. Justice Department a settlement
of the anti-trust suit.  The settlements require the airlines to
shed 104 slots at Reagan National Airport in Washington and 34 at
LaGuardia Airport in New York.

AMR stepped out of Chapter 11 protection after its $17 billion
merger with US Airways was formally completed on Dec. 9, 2013.

                          *     *     *

The Troubled Company Reporter, on Sep. 2, 2014, reported that
Standard & Poor's Ratings Services revised its rating outlooks on
American Airlines Group Inc. (AAG) and its subsidiaries American
Airlines Inc. and US Airways Inc. to positive from stable.  At the
same time, S&P affirmed its ratings on the companies, including
the 'B' corporate credit ratings.

The TCR, on Sept. 22, 2014, reported that Standard & Poor's
Ratings Services assigned its 'A (sf)' issue rating to American
Airlines Inc.'s series 2014-1 class A pass-through certificates,
which have an expected maturity of Oct. 1, 2026.  At the same
time, S&P assigned its 'BBB- (sf)' issue rating to the company's
series 2014-1 class B pass-through certificates, which have an
expected maturity of Oct. 1, 2022.  The final legal maturity dates
will be 18 months after the expected maturity dates. American
Airlines is issuing the certificates under a Rule 415 shelf
registration.

The TCR, on the same day, reported that Moody's Investors Service
assigned a B3 (LGD5) rating to the $500 million of new five year
unsecured notes that American Airlines Group Inc. ("AAG") offered
for sale earlier. Its subsidiaries, American Airlines, Inc.
("AA"), US Airways Group, Inc. and US Airways, Inc. will guarantee
AAG's payment obligations under the indenture on a joint and
several basis. Moody's Corporate Family rating of AAG is B1 with a
stable outlook.

The TCR also reported that Fitch Ratings has assigned a rating of
'B+/RR4' to the $500 million unsecured notes to be issued by
American Airlines Group Inc. The Issuer Default Ratings (IDR) for
American Airlines Group Inc., American Airlines, Inc., US Airways
Group, Inc., and US Airways, Inc. remain unchanged at 'B+' with a
Stable Outlook.

The TCR, on Oct. 16, 2014, reported that Moody's upgraded its
ratings assigned to the Series 2001-1 Enhanced Equipment Trust
Certificate ("2001 EETCs") of American Airlines, Inc.: A-tranche
to B2 from Caa1, B-tranche to Caa3 from Ca and C-tranche to Caa3
from Ca. Moody's also affirmed all of its other ratings assigned
to American Airlines Group Inc. ("AAG"), including the B1
Corporate Family and B1-PD Probability of Default ratings, and of
American Airlines, Inc. ("AA") and US Airways Group, Inc. and its
subsidiaries, US Airways, Inc. and America West Airlines, Inc. The
outlook is stable and the Speculative Grade Liquidity Rating of
SGL-1 is unchanged. American Airlines Group Inc. guarantees
American Airlines obligations of the 2001 EETCs.


AMERICAN BREWING: Posts $247K Net Loss in Sept. 30 Quarter
----------------------------------------------------------
American Brewing Company, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing
a net loss of $247,272 on $300,572 of net revenue for the three
months ended Sept. 30, 2014, compared with a net loss of $23,309
on $260,527 of net revenue for the same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed
$1.35 million in total assets, $840,000 in total liabilities and
total stockholders' equity of $509,000.

The Company had an accumulated deficit of $2 million and $875,000
at Sept. 30, 2014 and year ended Dec. 31, 2013, respectively, has
a history or recurring net losses and negative working capital.
These matters, among others, raise substantial doubt about its
ability to continue as a going concern, according to the
regulatory filing.

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

                       http://is.gd/msHD58

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


ANPULO FOOD: Incurs $411K Net Loss in Third Quarter
---------------------------------------------------
Anpulo Food Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
loss of $411,000 on $3.84 million of sales for the three months
ended Sept. 30, 2014, compared with a net loss of $83,600 on $4.78
million of sales for the same period last year.

The Company's balance sheet at Sept. 30, 2014, showed $20.6
million in total assets, $17.06 million in total liabilities, and
stockholders' equity of $3.52 million.

The Company has accumulated deficit of $2.94 million, a working
capital deficit and cash outflow from operating activities of
$7.62 million and $269,000 at Sept. 30, 2014.  This raises
substantial doubt about its ability to continue as a going
concern, according to the regulatory filing.

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

                       http://is.gd/tBeSTu

Anpulo Food, Inc., processes and supplies pork and cured pork
products to wholesale customers, including fast food companies,
processing factories and school cafeterias.  The Company has a
processing plant in Hubei, China where it also maintains its
headquarters.


ANESTHESIA HEALTHCARE: Key Employee Retention Plan Okayed
---------------------------------------------------------
Bankruptcy Judge Wendy L. Hagenau authorized Anesthesia Healthcare
Partners, Inc., et al., to implement the terms of a Key Employee
Retention Plan filed Oct. 29, 2014, as amended Nov. 19 and 20.  On
Nov. 20, the Debtors amended the employee retention plan.  A copy
of the Amendment is available for free at:

    http://bankrupt.com/misc/AnesthesiaH_229_2ndmotionKEIP.pdf

                   About Anesthesia Healthcare

Anesthesia Healthcare Partners, Inc., filed a bare-bones Chapter
11 petition (Bankr. N.D. Ga. Case No. 14-59631) in Atlanta on
May 15, 2014.  The case is assigned to Judge Wendy L. Hagenau.
The Debtor is represented by Theodore N. Stapleton, Esq., at
Theodore N. Stapleton, P.C., in Atlanta.

Sean Lynch of Suwannee, Georgia, the CEO of the company, owns
100% of the common stock.  In its schedules, the Debtor listed
$19,632,440 in total assets and $11,827,716 in total liabilities.


APARTMENTS AT DUCKERS: Case Summary & 4 Unsecured Creditors
-----------------------------------------------------------
Debtor: The Apartments at Duckers, LLC
        116 Buena Vista Drive
        Frankfort, KY 40601

Case No: 14-30583

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 5, 2014

Court: United States Bankruptcy Court
       Eastern District of Kentucky (Frankfort)

Debtor's Counsel: Jamie L. Harris, Esq.
                  DELCOTTO LAW GROUP PLLC
                  200 North Upper Street
                  Lexington, KY 40507
                  Tel: (859) 231-5800
                  E-mail: jharris@dlgfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by William R. Pulliam, III, managing
member.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/kyeb14-30583.pdf


ASR 2401: Dec. 9 Hearing on Bid to Sell Property of the Estate
--------------------------------------------------------------
Bankruptcy Judge Mark D. Houle will convene a hearing on Dec. 9,
2014, at 2:00 p.m., to consider ASR Constructors, Inc., et al.'s
motion to sell property of its estate.

                      About ASR Constructors

ASR Constructors, Inc., filed a Chapter 11 petition (Bankr. C.D.
Cal. Case No. 13-25794) on Sept. 20, 2013.  The petition was
signed by Alan Regotti as president.  ASR disclosed $17.6 million
in assets and $18.9 million in liabilities as of the Chapter 11
filing.

Judge Mark D. Houle presides over the case.  James C. Bastian,
Jr., Esq., at Shulman Hodges & Bastian, LLP, serves as the
Debtor's counsel.

The Law Office of John D. Mannerino serves as corporate counsel to
the Debtor.  Rodgers, Anderson, Malody & Scott LLP CPAs serves as
accountant to the Debtor.

Two affiliates -- Another Meridian Company, LLC and Inland
Machinery, Inc. -- also filed Chapter 11 petitions.


ASR 2401: Wants Preferred Income's Bid to Dismiss Case Denied
-------------------------------------------------------------
ASR 2401 Fountainview, LP, et al., ask the Bankruptcy Court to
deny Preferred Income Partners IV, LLC's motion to dismiss their
cases.

In their response, the Debtors stated that, among other things:

   a. PIP IV cannot meet its burden to demonstrate that the
bankruptcy filing is unauthorized;

   b. PIP IV's opposition to the bankruptcy is a breach of its
fiduciary duties;

   c. PIP IV's motion is barred by laches because although Section
1112(b) contains no express limitations period, "courts exercise
their equitable discretion to deny a Section 1112(b) motion as
untimely;" and

   d. the unanimous consent to file bankruptcy provision of the
agreement is comparable to an unenforceable agreement not to file
bankruptcy and violates public policy.

                     About ASR Constructors

ASR Constructors, Inc., filed a Chapter 11 petition (Bankr. C.D.
Cal. Case No. 13-25794) on Sept. 20, 2013.  The petition was
signed by Alan Regotti as president.  ASR disclosed $17,647,556 in
assets and $18,901,467 in liabilities as of the Chapter 11 filing.

Judge Mark D. Houle presides over the case.  James C. Bastian,
Jr., Esq., at Shulman Hodges & Bastian, LLP, serves as the
Debtor's counsel.

The Law Office of John D. Mannerino serves as corporate counsel to
the Debtor.  Rodgers, Anderson, Malody & Scott LLP CPAs serves as
accountant to the Debtor.

Two affiliates -- Another Meridian Company, LLC and Inland
Machinery, Inc. -- also filed Chapter 11 petitions.


ASSOCIATED WHOLESALERS: Workers Lose Pension, Benefits Under C&S
----------------------------------------------------------------
Bruce Vail at Inthesetimes.com reports that Associated Wholesalers
Inc.'s 1,100 truck drivers and warehouse workers lose their
pensions and benefits under new owner, C&S Wholesale Grocers.

According to Inthesetimes.com, Iain Gold, Director of Strategic
Research at International Brotherhood of Teamsters headquarters in
Washington, D.C., said that he and other union negotiators avoided
wage cuts, but C&S sought to reduce labor costs by slashing health
care coverage, reducing vacations and holidays, and other work
rule modifications.  According to the report, all six Teamster
locals agreed to some combination of the cuts.

All contributions to the union pension plans terminated,
Inthesetimes.com relates, citing Mr. Gold.  The report states that
the new C&S workers are being offered a 401(k) savings account,
with workers with 10 to 20 years of credit in the pension plan
unable to make up the difference of their potential full benefit
by participating in the 401(k) savings plan.  Citing Mr. Gold, the
report says that the four union pension plans that covered the the
workers are left with an outstanding unfunded liability of more
than $40 million, with no certainty that they will recover any of
it.

Workers lose their coverage under the Central Pennsylvania
Teamsters Health & Welfare Fund and will pay substantially higher
premiums and increased deductibles under a C&S company-sponsored
plan, Inthesetimes states, citing Bill Shappell, President of
Teamsters Local 429 in Wyomissing, Pennsylvania, which represents
about 450 warehouse workers, truck drivers and mechanics who have
been affected.

C&S made no specific commitment to keep the existing AWI/White
Rose warehouses in operation over the long-term despite the union
agreement to accept contract cutbacks, Inthesetimes says, citing
Messrs. Shappell and Gold.  Mr. Gold, according to
Inthesetimes.com, said that representatives of C&S started
meetings with six separate Teamsters locals in the region,
presenting new contracts on a "take-it-or-leave it basis.  It was
clear to us that neither C&S nor SuperValu [the other bidder]
would bid on AWI, or commit to hiring the existing workers,
without new contracts in place" prior to the auction date.

                   About Associated Wholesalers

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

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

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

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

As of the Petition Date, the Debtors owe the Bank Group
(consisting of lenders, Bank of America, N.A., Bank of American
Securities LLC as sole lead arranger and joint book runner, Wells
Fargo Capital Finance, LLC as joint book runner and syndication
agent, and RBS Capita, as documentation agent) an aggregate
principal amount of not less than $131,857,966 (inclusive of
outstanding letters of credit), plus accrued interest.  The
Debtors estimate trade debt of $72 million.  AWI Delaware
disclosed $11,440 in assets and $125,112,386 in liabilities as of
the Chapter 11 filing.

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

The Official Committee of Unsecured Creditors tapped to retain
Hahn & Hessen LLP as its lead counsel; Pepper Hamilton LLP as its
co-counsel; and Capstone Advisory Group, LLC, together with its
wholly-owned subsidiary Capstone Valuation Services, LLC, as its
financial advisors.


AUTHENTIC TRANSPORT: Case Summary & 18 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Authentic Transport, Inc.
        24404 S. Vermont Ave., Suite 300
        Harbor City, CA 90710

Case No.: 14-31859

Chapter 11 Petition Date: November 21, 2014

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

Judge: Hon. Robert N. Kwan

Debtor's Counsel: James R Selth, Esq.
                  WEINTRAUB & SELTH, APC
                  11766 Wilshire Blvd Ste 1170
                  Los Angeles, CA 90025
                  Tel: 310-207-1494
                  Fax: 310-442-0660
                  E-mail: jim@wsrlaw.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Donald C. Ellingsworth, Jr., president.

A list of the Debtor's 18 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb14-31859.pdf


BAXANO SURGICAL: Gets Interim Nod to Obtain Hercules DIP Loan
-------------------------------------------------------------
The Bankruptcy Court authorized, on an interim basis, Baxano
Surgical, Inc., to obtain postpetition financing in an aggregate
principal amount not to exceed $350,000, plus all interest thereon
from Hercules Technology Growth Capital, Inc.; and use cash
collateral securing its prepetition indebtedness, as it needs
liquidity in order to survive to the closing of any sale of its
assets.

As reported in the Troubled Company Reporter on Nov. 24, 2014, the
DIP financing provides for term loan advances in an aggregate
principal amount of $350,000 -- $250,000 of which will be
available to the Debtor on an interim basis; provided, however,
that of the said $250,000 available on an interim basis, the
second $150,000 will be advanced solely in the DIP Lender's
discretion.  The DIP Loan accrues interest at 12.5%.

As of the Petition Date, the Debtor was indebted to Hercules,
which is also the Prepetition Lender, in the aggregate principal
amount of $7,300,000.  The Prepetition Lender will be granted
adequate protection for, and in equal amount to, the diminution in
value of its prepetition security interests in the form of super-
priority claims and replacement liens on all assets securing the
DIP Facility which replacement liens will be equal in priority to
the DIP Liens and which super-priority claims will be junior to
the Carve-Out and to the super-priority claims granted to the DIP
Lender.

                       About Baxano Surgical

Based in Raleigh, North Carolina, Baxano Surgical Inc. develops,
manufactures and markets minimally invasive medical products
designed to treat degenerative conditions of the spine affecting
the lumbar region.  As of March 31, 2013, over 13,500 fusion
procedures and 7,000 decompression procedures have been performed
globally using its products.

Baxano Surgical filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 14-12545) on Nov. 12, 2014.  The case is assigned to
Judge Christopher S. Sontchi.

The Debtor estimated $10 million to $50 million in assets and
debt.  The formal schedules of assets and liabilities and
statement of financial affairs are due Dec. 1, 2014.

The Debtor has tapped John D. Demmy, Esq., at Stevens & Lee, P.C.,
in Wilmington, Delaware, as bankruptcy counsel.  The Debtor is
also employing the law firm of Goodwin Proctor LLP as special
counsel, and the law firm of Hogans Lovell as special healthcare
regulatory counsel.  The Debtor is engaging Tamarack Associates
to, among other things, provide John L. Palmer as CRO.  Houlihan
Lokey is serving as the Debtor's investment banker.  Rust
Consulting Omni is the claims and noticing agent.

The Chapter 11 plan and disclosure statement are due March 12,
2015.


BAYONNE ENERGY: S&P Lowers Rating to 'BB-' on Debt Amendment
------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its project
finance rating on Bayonne Energy Center LLC's project debt to
'BB-' from 'BB'.  The outlook is stable.  In addition, the '2'
recovery rating is unchanged, and indicates recovery of 70% to 90%
of principal if a default occurs.  The recovery falls in the
higher end of that range.

The rating action reflects a modest weakening of debtholder
protections due to the recent debt amendment, which lowers the
cash flow sweep from 100% to 75%, although this is subject to a
distribution test of 1.2x.

"Coverage ratios also weaken incrementally, as a result of higher
debt balances and a slightly higher spread," said Standard &
Poor's credit analyst Michael Ferguson.

Bayonne Energy Center is a special-purpose, bankruptcy-remote
entity that owns a 512 megawatt natural gas-fired power plant in
Bayonne, N.J.  In May 2014, Hess Corp. agreed to sell its 50%
interest in the project to a subsidiary of ArcLight Energy
Partners Fund III L.P. (ArcLight), which already indirectly owned
50% of the project. Project assets include eight Rolls-Royce
combustion turbines, which started operations in the summer of
2012.  The plant earns revenue through New York Independent System
Operator (NYISO) Zone J capacity payments, ancillary services,
energy margins, and a tolling agreement with Direct Energy
Business LLC for 62.5% of the project's capacity with initial
terms ending between 2017 and 2022, and extendable terms through
2027 and 2032.  The remaining 37.5% of the project's capacity is
indirectly tolled by ArcLight. Pro forma with the financing, the
project will receive all profits from ArcLight's tolling
agreements, rendering 37.5% of Bayonne effectively merchant.

The stable outlook reflects S&P's expectation that Bayonne will
likely generate generally stable cash flow during the next few
years under the tolling agreement and cash flows with some
variability from merchant energy and capacity sales in Zone J,
which is constrained from additional supply and thus favorable to
Bayonne.  S&P also believes the LTSA will ensure that the turbines
achieve a high level of availability consistently so that Bayonne
earns the maximum allowable capacity payment.


BIOLASE INC: Has $3.49-Mil. Net Loss for Sept. 30 Quarter
---------------------------------------------------------
BIOLASE, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
loss of $3.49 million on $12.71 million of net revenue for the
three months ended Sept. 30, 2014, compared with a net loss of
$4.05 million on $12.34 million of net revenue for the same period
last year.

The Company's balance sheet at Sept. 30, 2014, showed
$29.9 million in total assets, $18.8 million in total liabilities,
and total stockholders' equity of $11.1 million.

The Company incurred a loss from operations, a net loss, and used
cash in operating activities for the three and nine months ended
Sept. 30, 2014.  The Company also suffered recurring losses from
operations during the three years ended Dec. 31, 2013.  It has
consistently used cash in operations and the potential need for
additional capital, and the uncertainties surrounding its ability
to raise additional capital, raised substantial doubt about the
Company's ability to continue as a going concern as of Dec. 31,
2013.

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

                       http://is.gd/T5TVCf

                       About BIOLASE, Inc.

Irvine, Calif.-based BIOLASE, Inc., incorporated in Delaware in
1987, is a biomedical company that develops, manufactures, and
markets lasers in dentistry and medicine.  The Company currently
operates in one business segment with laser systems that are
designed to provide clinically superior performance for many types
of dental procedures with less pain and faster recovery times than
are generally achieved with drills, scalpels, and other dental
instruments.  The Company also markets and distributes dental
imaging equipment and other products designed to improve
technologies for applications and procedures in dentistry and
medicine.


BION ENVIRONMENTAL: Reports $705K Net Loss for Third Quarter
------------------------------------------------------------
Bion Environmental Technologies, Inc., filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss of $705,758 on $nil of revenue for the
three months ended Sept. 30, 2014, compared with a net loss of
$1.5 million on $nil of revenue for the same period in the prior
year.

The Company's balance sheet at Sept. 30, 2014, showed
$4.28 million in total assets, $12.38 million in total
liabilities, $23,900 in series B redeemable convertible preferred
stock, and a total deficit of $8.13 million.

The Company has not generated significant revenues and has
incurred net losses (including significant non-cash expenses) of
approximately $5.76 million and $8.25 million during the years
ended June 30, 2014 and 2013, respectively.  At September 30,
2014, the Company has a working capital deficit and a
stockholders' deficit of approximately $12.27 million and $8.2
million, respectively.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.

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

                       http://is.gd/pKMPJr

                     About Bion Environmental

Bion Environmental Technologies Inc.'s patented and proprietary
technology provides a comprehensive environmental solution to a
significant source of pollution in US agriculture, large scale
livestock facilities known as Confined Animal Feeding Operations.
Bion's technology produces substantial reductions of nutrient
releases (primarily nitrogen and phosphorus) to both water and air
(including ammonia, which is subsequently re-deposited to the
ground) from livestock waste streams based upon the Company's
operations and research to date (and third party peer review).

In its report on the consolidated financial statements for the
year ended June 30, 2014, GHP Horwath, P.C., expressed substantial
doubt about the Company's ability to continue as a going concern,
citing that the Company has not generated significant revenue and
has suffered recurring losses from operations.

The Company reported a net loss of $5.76 million on $5,931 of
revenue for the fiscal year ended June 30, 2014, compared with a
net loss of $8.25 million on $11,862 of revenue in 2013.


BOSTON THERAPEUTICS: Has $1.16-Mil. Net Loss in Third Quarter
-------------------------------------------------------------
Boston Therapeutics, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing
a net loss of $1.16 million on $121,493 of revenue for the three
months ended Sept. 30, 2014, compared with a net loss of
$1.12 million on $217,520 of revenue for the same period in the
prior year.

The Company's balance sheet at Sept. 30, 2014, showed $1.7 million
in total assets, $960,479 in total liabilities and total
stockholders' equity of $743,274.

The Company has limited resources and operating history.  It has
an accumulated deficit of approximately $11.2 million and $569,000
cash on hand as of Sept. 30, 2014.  The Company anticipates that
its cash resources will be sufficient to fund its planned
operations into December 2014.  The Company raised $250,000 in
gross proceeds in private placements during the nine months ended
Sept. 30, 2014.  The future of the Company is dependent upon its
ability to obtain financing and upon future profitable operations
from the development of its new business opportunities.
Management is seeking additional capital through private
placements and public offerings of its stock.  There can be no
assurance that the Company will be successful in accomplishing its
objectives.  Without such additional capital, the Company may be
required to cease operations.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.

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

                       http://is.gd/fxdWxK

Boston Therapeutics, Inc., is a pharmaceutical company, which
engages in the development, manufacture, and commercialization of
novel compounds based on complex carbohydrate chemistry. Its
products include therapeutic modules such as BTI320, Ipoxyn, and
Oxyfex. The company was founded by David Platt and Kenneth A.
Tassey Jr. on August 24, 2009 and is headquartered in Manchester,
NH.


BUILDING #19: Posternak Authorized to Prosecute Derivative Claims
-----------------------------------------------------------------
The Bankruptcy Court, in a proceeding memorandum/order, authorized
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Building #19, Inc., et al., to retain Nicholas J. Nesgos of the
law firm Posternak Blankstein & Lund LLP as special counsel.

The firm will prosecute derivative claims on behalf of Beth's
Basics, Inc., on a contingency fee basis.  As set forth in the
derivative standing motion, among other things, the Committee
sought authorization to substitute itself for Beth Cohen in
respect of certain shareholder derivative claims asserted by Beth
Cohen in certain pending state court litigation on behalf of BBI
and against Gerald Elovitz and William Elovitz.

Posternak agreed to represent the Committee as special counsel for
the limited purpose of resuming prosecution of the Derivative
Claims.

Posternak had been representing Cohen in respect of the derivative
and non-derivative claims in the State Court Derivative Litigation
since its inception, including without limitation, pre-litigation
demands on the Elovitz Defendants, commencement of suit,
discovery, dispositive motions and filing of pre-trial motions.

The Court also overruled the Debtors' objection which stated that
Posternak holds or will inevitably hold an interest adverse to the
unsecured creditor body because of its continuing representation
of Beth Cohen.  Moreover, the scope of Posternak's proposed
retention is duplicative of the scope of services performed by the
Committee's current bankruptcy counsel.

The Committee has enumerated three principal points in response to
the Debtors' opposition:

   1. no actual or potential conflict exists arising from
Posternak's proposed dual representation of the Committee and
Cohen;

   2. the Debtors fail to cite a single decision in which a
bankruptcy court denied a creditors' committee's choice of counsel
to prosecute an estate's cause of action due to a conflict arising
from the simultaneous representation of a creditor or shareholder;
and

   3. the situation is the kind of case where the Committee's
retention of special litigation counsel has been viewed with favor
and allowed.

The Committee is represented by:

         Jeffrey D. Sternklar, Esq.
         DUANE MORRIS LLP
         100 High Street, Suite 2400
         Boston, MA 02110-1724
         Tel: (857) 488-4200
         Fax: (857) 488-4201
         E-mail: jdsternklar@duanemorris.com

                     About Building #19, Inc.

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

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

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


CAESARS ENTERTAINMENT: 2021 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
92.70 cents-on-the-dollar during the week ended Friday, December
5, 2014, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
a decrease of 0.45 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.


CALDERA PHARMACEUTICALS: Changes Name to "XRpro Sciences, Inc."
---------------------------------------------------------------
Caldera Pharmaceuticals, Inc., filed a Certificate of Amendment to
its Second Amended and Restated Certificate of Incorporation with
the Secretary of State of Delaware to change the name of the
Company to XRpro Sciences, Inc., effective Dec. 4, 2014.

                           About Caldera

Based in Cambridge, Massachusetts, Caldera Pharmaceuticals, Inc.,
is a drug discovery and pharmaceutical services company that is
based on a proprietary x-ray fluorescence technology, called
XRpro(R).

Caldera Pharmaceuticals incurred a net loss applicable to common
stock of $5.88 in 2013, a net loss applicable to common
stock of $951,791 in 2012 and a net loss applicable to common
stock of $2.35 million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $3.96
million in total assets, $3.60 million in total liabilities,
$133,350 in convertible redeemable preferred stock and $224,632 in
total stockholders' equity.


CALIFORNIA COMMUNITY: Dec. 10 Hearing on Bid for Cash Access
------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on Dec. 10, 2014,
at 10:00 a.m., to consider California Community Collaborative
Inc.'s motion to use cash collateral.

As reported in the Troubled Company Reporter on Oct. 6, 2014, the
Debtor entered into an agreement with California Bank & Trust to
use cash collateral.  For the period Oct. 1, 2014, until Dec. 31,
2014, the Debtor may use rents collected from the property to pay
administrative expenses and operating expenses in the ordinary
course of the Debtor's business which are identified in the
corporate operating budget that is available for free at
http://is.gd/dDX6aI

The Debtor told the Court that, no later than Oct. 15, 2014, and
again no later than Nov. 15, 2014, and Dec. 15, 2014, it will pay
the bank, from segregated account, the sum of $31,500.  This
turnover of rents is intended as adequate protection for the
bank's interest in the property and the cash collateral.
Furthermore, the bank will be granted a replacement lien and
security interest in and to all assets to which its prepetition
lien would have attached but for the filing of the Debtor's
bankruptcy case.

California Bank is the holder of a promissory note and related
loan documents under which the Debtor's financial obligation to
the bank is secured by a first deed of trust against the property
recorded in the Official Records of San Bernardino County,
California, on Sept. 22, 2008.  After the Debtor's failure to pay
the full amount owing under the loan documents when due and after
an agreed period of forbearance by the bank had expired, the bank
in June 2014 initiated an action against the Debtor and others in
the San Bernardino County Superior Court, seeking judicial
foreclosure as to the property and other relief, according to
court documents.

                    About California Community

California Community Collaborative, Inc., filed a Chapter 11
bankruptcy petition (Bankr. E.D. Cal. Case No. 14-26351) on
June 17, 2014.  Merrell G. Schexnydre, the company's president,
signed the petition.  The Debtor estimated assets of at least
$10 million and liabilities of $1 million to $10 million.  The
Debtor is represented by Meegan, Hanschu & Kassenbrock.  Judge
Christopher M. Klein presides over the case.


CANCER GENETICS: Appoints Two Directors to Board
------------------------------------------------
The board of directors of Cancer Genetics, Inc., appointed
Geoffrey Harris and Howard McLeod to serve on the Board of
Directors, effective on Dec. 8, 2014, according to a regulatory
filing with the U.S. Securities and Exchange Commission.

Mr. Harris is a managing partner of c7 Advisors (a money
management and healthcare advisory firm).  From 2011 to 2014 he
served as a managing director and co-head of the healthcare
investment banking group at Cantor Fitzgerald, and from 2009-2011,
he held a similar position at Gleacher & Company.  Mr. Harris is
also currently on the board of directors of American Care Source
(Nasdaq:ANCI), a healthcare services company.  It is anticipated
that Mr. Harris will serve on the audit committee of the Company's
Board.

Dr. McLeod is the medical director of the DeBartolo Family
Personalized Medicine Institute at the Moffitt Cancer Center, and
as a senior member of the Moffitt Cancer Center's Division of
Population Sciences.  He joined Moffitt Cancer Center in September
2013, after having served as a Founding Director of the University
of North Carolina Institute for Pharmacogenomics and
Individualized Therapy since 2006.  Dr. McLeod also held the
prestigious title of Fred Eshelman Distinguished Professor at the
UNC Eshelman School of Pharmacy from 2006 to 2013.  Dr. McLeod has
published over 475 peer-reviewed papers on pharmacogenomics,
applied therapeutics and clinical pharmacology.  He had served as
chief scientific advisor and a member of the board of directors of
Gentris Corporation before its acquisition by the Company in July
2014 and has served since July 2014 on the Company's Scientific
Advisory Board.

Mr. Harris and Dr. MacLeod will be compensated pursuant to the
Company's standard policy for non-employee directors.

As of Dec. 2, 2014, Keith L. Brownlie and Paul Rothman notified
the Company of their resignations from the Board, effective
Dec. 8, 2014.  Mr. Brownlie was a member of the Audit Committee of
the Board and Dr. Rothman was a member of the Nominating and
Governance Committee.  Both Mr. Brownlie and Dr. Rothman have
indicated that their decisions to resign were not the result of
any disagreement with the Company on any matter relating to the
Company's operations, policies or practices.

                       About Cancer Genetics

Rutherford, N.J.-based Cancer Genetics, Inc., is an early-stage
diagnostics company focused on developing and commercializing
proprietary genomic tests and services to improve and personalize
the diagnosis, prognosis and response to treatment (theranosis) of
cancer.

Cancer Genetics reported a net loss of $12.37 million in 2013
following a net loss of $6.66 million in 2012.  For the nine
months ended Sept. 30, 2014, the Company reported a net loss of
$11.46 million.  The Company's balance sheet at Sept. 30, 2014,
showed $51.63 million in total assets, $13.61 million in total
liabilities and $38.02 million in total stockholders' equity.


CBS OUTDOOR: 2021 Bank Debt Trades at 2% Off
--------------------------------------------
Participations in a syndicated loan under which CBS Outdoor Ltd is
a borrower traded in the secondary market at 97.79 cents-on-the-
dollar during the week ended Friday, December 5, 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.
CBS Outdoor pays 325 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Jan. 7, 2021, and carries
Moody's Ba1 rating and Standard & Poor's BB+ 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.


CIT GROUP: Fitch Assigns 'BB+/B' Issuer Default Ratings
-------------------------------------------------------
Fitch Ratings has assigned 'BB+/B' long- and short-term IDRs to
CIT Group, Inc. (CIT) and CIT Bank.  The Rating Outlook is Stable.

Key Rating Drivers -- IDRs, VRs, Senior Debt and Revolving Credit
Facility

The IDRs and Viability Ratings (VRs) reflect CIT's leading
franchise positions in key business segments, including aircraft
leasing, railcar leasing and factoring, appropriate capital levels
relative to asset exposures, strong liquidity, diversified funding
profile, seasoned management team and demonstrated execution on
previously-articulated business objectives.

These strengths are counterbalanced by CIT's elevated exposure to
middle market borrowers, a higher risk customer segment
historically, outsized exposure to cyclical businesses such as
aircraft and railcar leasing and associated asset residual value
risk, and greater earnings volatility relative to its bank peers.
Fitch believes that CIT's profitability and returns, although
improving, remain below the company's cost of capital and long-
term return on average tangible common equity target, which could
potentially introduce strategic uncertainty over the intermediate-
to long-term.

Furthermore, ratings remain constrained by CIT's outsized reliance
on wholesale funding sources relative to its bank peers. Fitch
believes CIT's online deposit franchise, which includes a higher-
than-average mix of high dollar balance accounts and time
deposits, may be subject to increased deposit outflow sensitivity
in a rising interest rate environment.

With respect to the pending OneWest Bank N.A. acquisition, Fitch
acknowledges that the transaction would increase CIT's deposit
base, lower its overall cost of funds, create additional cross
selling opportunities and allow CIT to potentially realize more of
its existing net operating loss carry forward. However, Fitch also
views the acquisition as posing modest integration and execution
risks, while the move above the $50 billion asset threshold would
introduce additional regulatory hurdles and compliance costs.

Furthermore, Fitch views OneWest's deposit platform as potentially
more sensitive to interest rates relative to its bank peers as
result of a higher than average mix of time deposits (48% of total
deposits at Sept. 30, 2014) and a sizeable mix of high average
balance accounts (time deposits greater than $100,000 represented
31% of total deposits at Sept. 30, 2014). Given these offsetting
factors, Fitch's assessment of CIT's credit risk profile is
expected to be unaffected by the closing (or lack thereof) of the
OneWest transaction, all else equal. The transaction is subject to
customary closing conditions and regulatory approvals and is
expected to close in the first half of 2015, according to CIT.

CIT's IDR of 'BB+' is equalized with its VR of 'bb+', reflecting
Fitch's view that external support cannot be relied upon.

The Senior Unsecured Debt rating is equalized with CIT's IDR of
'BB+' reflecting that existing notes are senior unsecured
obligations of the company that rank equally in payment priority
with all existing and future unsubordinated unsecured indebtedness
of CIT.

The Revolving Credit Facility is unsecured and is guaranteed by
eight of CIT's domestic operating subsidiaries. In general the
Revolving Credit Facility ranks equal in right of payment with all
existing unsecured indebtedness of CIT, and as such, the rating of
the Revolving Credit Facility is equalized with CIT's IDR.

KEY RATING DRIVERS -- Support Ratings and Support Rating Floors

The Support Ratings (SRs) of '5' reflect Fitch's view that
external support cannot be relied upon. The Support Rating Floors
(SRFs) of 'No Floor' reflect Fitch's view that there is no
reasonable assumption that sovereign support will be forthcoming
to CIT.

Key Rating Drivers -- Long- and Short-term Deposit Ratings

CIT Bank's uninsured deposit ratings of 'BBB-/F3' are rated one
notch higher than the bank's IDR because U.S. uninsured deposits
benefit from depositor preference in the U.S. Fitch believes
depositor preference in the U.S. gives deposit liabilities
superior recovery prospects in the event of default.

Rating Sensitivities -- IDRs, VRs, Senior Debt and Revolving
Credit Facility

Fitch views upward rating momentum as limited given current modest
operating performance levels, potential increased sensitivity of
the deposit platform to rising rates and the integration,
execution and regulatory compliance hurdles associated with the
OneWest acquisition. Longer-term, however, positive rating
momentum could develop as a result of improved and consistent
operating performance, demonstrated credit performance through
market cycles which is in line with expectations, maintenance of
appropriate capital levels relative to the company's risk profile
and regulatory minimums and an enhanced funding profile
characterized by less reliance on wholesale funding sources and
demonstrated durability of deposits in a rising interest rate
environment.

Negative rating momentum could be driven by a sustained weakness
in operating performance which results in insufficient capital
generation or a material change in risk appetite, strategic
objectives, or composition of business activities. Expansion into
new business verticals outside CIT's core commercial lending and
leasing expertise or outsized growth in new commercial businesses
may lead to negative rating momentum.

Failure to close the OneWest transaction would not necessarily
result in negative rating pressure, although failure to
successfully integrate OneWest could adversely impact CIT's
ratings if accompanied by outsized costs or risks to the broader
organization. An inability to successfully manage the increased
regulatory requirements associated with assets exceeding the $50
billion threshold would also be viewed negatively.

The Senior Unsecured Debt rating and the Revolving Credit Facility
rating are equalized with CIT's long-term IDR, and therefore are
sensitive to any changes in CIT's IDR. CIT's senior unsecured
notes filed under its 2012 shelf registration rank equal in right
of payment with the company's Series C Unsecured Notes and the
Revolving Credit Facility.

The Revolving Credit Facility is unsecured, guaranteed by eight of
CIT's domestic operating subsidiaries and may be drawn and prepaid
at the option of CIT. The Revolving Credit Facility also includes
customary covenants that are not shared by CIT's senior unsecured
notes, including but not limited to, a guarantor asset coverage
ratio, a consolidated net worth covenant and limits on CIT's
operating flexibility in an event of default. Fitch believes these
covenants do not provide sufficient additional protection to the
facility to provide uplift to the Revolving Credit Facility's
ratings relative to CIT's IDR and Senior Unsecured Debt rating.

Rating Sensitivities -Support Ratings and Support Rating Floors

CIT's Support Rating and Support Rating Floor are sensitive to
Fitch's assumptions around capacity to procure extraordinary
support in case of need.

Rating Sensitivities - Long- and Short-Term Deposit Ratings

CIT Bank's uninsured deposit ratings are rated one notch higher
than the company's IDR, and therefore are sensitive to any changes
in CIT Bank's IDR. The deposit ratings are primarily sensitive to
any change in CIT Bank's long- and short-term IDRs.

Company Profile

CIT, founded in 1908, is a diversified commercial bank with a
focus on transportation assets and lending to small and mid-sized
businesses in the U.S. The company's primary businesses include
Transportation Finance (aircraft and railcar leasing and maritime
finance), Corporate Finance (middle market cash flow and asset
based lending and commercial real estate lending), Equipment
Finance (equipment loans and leases) and Commercial Services
(factoring). As of Sept. 30, 2014, the company had $46.5 billion
in assets. The company's stock is listed on the NYSE under the
ticker 'CIT'.

Fitch has assigned the following ratings with a Stable Outlook:

CIT Group, Inc.:
-- Long-term IDR 'BB+';
-- Short-term IDR 'B';
-- Viability Rating 'bb+';
-- Revolving Credit Facility 'BB+';
-- Senior Unsecured Debt Rating 'BB+';
-- Support Rating '5';
-- Support Rating Floor 'NF'.

CIT Bank:
-- Long-term IDR'BB+';
-- Short-term IDR'B';
-- Viability Rating 'bb+';
-- Long-Term Deposit Rating 'BBB-'
-- Short-Term Deposit Rating 'F3'
-- Support Rating '5';
-- Support Rating Floor 'NF'.


CLEAN DIESEL: Incurs $1.57-Mil. Net Loss in Sept. 30 Quarter
------------------------------------------------------------
Clean Diesel Technologies, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q,
disclosing a net loss of $1.57 million on $9.31 million of
revenues for the three months ended Sept. 30, 2014, compared with
a net loss of $1.09 million on $13.31 million of revenues for the
same period during the prior year.

The Company's balance sheet at June 30, 2014, showed $30.0 million
in total assets, $22.8 million in total liabilities and total
stockholders' equity of $7.21 million.

The Company has incurred losses, has not experienced positive cash
flows from operations in the past and its independent registered
public accounting firm expressed substantial doubt about its
ability to continue as a going concern in their report on the
Company's financial statements for the period ended Dec. 31, 2013.
The Company's ability to achieve profitability and positive cash
flows from operations, or finance negative cash flow from
operations, could depend on reductions in its operating costs,
which may not be achievable, or from increased sales, which may
not occur.

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

                       http://is.gd/nadRSK

Oxnard, Calif.-based Clean Diesel Technologies, Inc. (NASDAQ:
CDTI) -- http://www.cdti.com/-- is a global manufacturer and
distributor of heavy duty diesels and light duty vehicle emissions
control systems and products to automakers and retrofitters.  The
Company operates in two segments: Heavy Duty Diesel Systems
division and Catalyst division.  The Company's Heavy Duty Diesel
Systems division specializes in the design and manufacture of
verified exhaust emissions control solutions.  Its Catalyst
division produces catalyst formulations to reduce emissions from
gasoline, diesel and natural gas combustion engines.


CLEVELAND IMAGING: Will Reopen This Month Under New Management
--------------------------------------------------------------
Vanesa Brashier, writing for Yourhoustonnews.com, reports that
Cleveland Imaging & Surgical Hospital, L.L.C., aka Doctors
Diagnostic Hospital, is reopening in mid-December under new
management.

Yourhoustonnews.com recalls that the Hospital was closed in August
when the owners failed to satisfy a judgment related to debt owed
to parties in Harris County.

The Hospital's court-appointed trustee, Doug Brickley, has
complete management oversight for the facility,
Yourhoustonnews.com says.

According to Yourhoustonnews.com, the Hospital's new CEO, Vickie
Newsome, said that the Hospital is currently finalizing the last
of its clinical contracts.

Plans for the future include reopening the operating rooms, but
that is being put off until the emergency room is fully
functional, Yourhoustonnews.com relates.

Headquartered in Houston, Texas, Cleveland Imaging & Surgical
Hospital, L.L.C., aka Doctors Diagnostic Hospital, filed for
Chapter 11 bankruptcy protection (Bankr. S.D. Tex. Case No. 14-
34974) on Sept. 4, 2014.  It estimated its assets at $1 million to
$10 million and its liabilities at $10 million to $50 million.
The petition was signed by Douglas J. Brickley, the receiver.  The
Hospital did not file a list of its largest unsecured creditors
when it filed the petition.

Christopher Adams, Esq., at Okin Adams & Kilmer LLP, serves as the
Hospital's bankruptcy counsel.

Judge Jeff Bohm presides over the case.


COCRYSTAL PHARMA: Schinazi Reports 38.9% Stake as of Nov. 25
------------------------------------------------------------
Raymond F. Schinazi and his affiliates disclosed that as of
Nov. 25, 2014, they beneficially owned 272,955,522 shares of
common stock of Cocrystal Pharma, Inc., representing 38.9 percent
of the shares outstanding.

On Nov. 25, Dr. Schinazi and Bracrystal Pharmaceuticals, LLC,
acquired shares of the Company's Series A Preferred Stock in
connection with a transaction and series of related mergers
through which Cocrystal Merger Sub, Inc., and RFS Pharma, LLC, a
Georgia limited liability company, became wholly-owned
subsidiaries of Cocrystal Pharma.  Each share of Series A
automatically converts into 340.760802 shares of common stock upon
the issuer increasing its authorized capital in order to permit
the full conversion of all of the issuer's outstanding preferred
stock.  The Conversion Ratio is subject to adjustment in the event
that the issuer issues any stock options to senior executives of
the Issuer from Nov. 25, 2014, through the date the Company
increases its authorized capital.  In addition, the Conversion
Ratio is subject to successive increases in the event the Issuer
does not effect the Capital Increase by certain dates.  Holders of
the Series A are entitled to vote on an as-converted basis on all
matters submitted to securityholders of the Issuer.  Dr. Schinazi
and Bracrystal were both holders of RFS Pharma securities prior to
the Merger.  In consideration of the Merger, RFS Pharma
securityholders received an aggregate of 1,000,000 shares of
Series A.  In addition, holders of options to purchase RFS Pharma
securities received an aggregate of 16,542,538 options to purchase
common stock of the Issuer.

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

                       http://is.gd/IKNn2t

                      About Cocrystal Pharma

Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,
Inc., is a pharmaceutical company with a mission to discover novel
antiviral therapeutics as treatments for serious and/or chronic
viral diseases.  Cocrystal Pharma employs unique technologies and
Nobel Prize winning expertise to create first- and best-in-class
antiviral drugs.  These technologies and the Company's market-
focused approach to drug discovery are designed to efficiently
deliver small molecule therapeutics that are safe, effective and
convenient to administer.

The Company's primary business going forward is to develop novel
medicines for use in the treatment of human viral diseases.
Cocrystal has been developing novel technologies and approaches to
create first-in-class and best-in-class antiviral drug candidates
since its initial funding in 2008.  Subsequent funding was
provided to Cocrystal Discovery, Inc., by Teva Pharmaceuticals
Industries, Ltd., or Teva, in 2011.  The Company's focus is to
pursue the development and commercialization of broad-spectrum
antiviral drug candidates that will transform the treatment and
prophylaxis of viral diseases in humans.  By concentrating the
Company's research and development efforts on viral replication
inhibitors, the Company plans to leverage its infrastructure and
expertise in these areas.

Biozone incurred a net loss of $19.62 million in 2013, a net loss
of $7.96 million in 2012, and a net loss of $5.45 million in 2011.
As of Sept. 30, 2014, the Company had $11.63 million in total
assets, $7.65 million in total liabilities and $3.97 million in
total stockholders' equity.


COMMUNITY HOME: Automatic Stay Lifted in Favor of Lunar Heights
---------------------------------------------------------------
The Bankruptcy Court approved an agreed order lifting the
automatic stay nunc pro tunc prior to the date of the foreclosure
sale which was May 15, 2014, as it pertains to Bank of America,
N.A., as the first lienholder, and Lunar Heights as the
foreclosing purchaser, and the property for all purposes regarding
Bank of America, N.A and Lunar Heights, its successors, agents and
assigns.

In the event that the completion of the foreclosure results in
amounts being recovered that are in excess of the amount owed to
Bank of America, N.A. as the first lienholder, then Lunar Heights
will deposit those excess amounts that the trustee is entitled to
based on the priority of its lien with the trustee.

As reported in the Troubled Company Reporter on Nov. 19, 2014,
Under Hernando County, Florida Circuit Court Case No. 2012-2946,
Lunar was the highest and best bidder at foreclosure sale for a
piece of real estate:

         Lot 7, Block 590
         Spring Hill, Unit 9
         also known as 3054 Marwill Avenue
         Spring Hill, FL 34609

While a Certificate of Sale was issued in favor of Lunar, based
upon information and belief that CS was a nullity due to the
automatic stay in bankruptcy, as Hernando public record shows a
skeletal UCC1 filing in favor of Debtor on the subject property
and Debtor was a joined party to the foreclosure case.

Given the lack of any equity in the subject property and the
nature of the bankruptcy estate's interest, neither Debtor nor any
creditor herein will be prejudiced by the granting of the motion
for nunc pro tunc relief from the automatic stay in Bankruptcy to
retroactively authorize the May 15, 2014 sale of the subject
property, but Lunar will be prejudiced if said relief is not
granted.

                      About Community Home

Community Home Financial Services, Inc., filed a Chapter 11
petition (Bankr. S.D. Miss. Case No. 12-01703) on May 23, 2012.
Community Home Financial is a specialty finance company located in
Jackson, Mississippi, providing contractors with financing for
their customers.  CHFS operates from one central location
providing financing through its dealer network throughout 25
states, Alabama, Delaware, and Tennessee.  The Debtor scheduled
$44,890,581 in total assets and $30,270,271 in total liabilities.
Judge Edward Ellington presides over the case.

The Debtor was first represented by Roy H. Liddell, Esq., and
Jonathan Bissette, Esq., at Wells, Marble, & Hurst, PPLC as
Chapter 11 counsel.  Wells Marble was terminated Nov. 13, 2013.
The Debtor is now being represented by Derek A. Henderson, Esq.,
in Jackson, Miss.  In 2013, the Debtor sought to employ David
Mullin, Esq., at Mullin Hoard & Brown LLP, as special counsel.

On Jan. 9, 2014, Kristina M. Johnson was appointed as Chapter 11
Trustee for the Debtor.  Jones Walker LLP serves as counsel to the
Chapter 11 trustee, while Stephen Smith, C.P.A., acts as
accountant.

                         *     *     *

On Aug. 8, 2013, the Court approved the Disclosure Statement
explaining the Debtor's Plan of Reorganization dated Jan. 29,
2013.  In the first quarter of 2014, the Court entered an order
holding in abeyance the (i) confirmation of the Debtor's Chapter
11 Plan; and (ii) the objection and amended objection to the
confirmation of Plan pending further Court order.


CONYERS 138: Proposes to Hire Evan Altman as Bankruptcy Counsel
---------------------------------------------------------------
Conyers 138, LLC, seeks authority from the U.S. Bankruptcy Court
for the Northern District of Georgia, Atlanta Division, to employ
Evan M. Altman, Esq., as its attorney.

The professional services that the attorney will be required to
render are:

   (a) To advise Debtor with respect to its rights, powers,
       duties, and obligations as a Debtor-In-Possession in the
       administration of this case, the operation of its business,
       and the management of its property;

   (b) To prepare pleadings, applications, and conduct
       examinations incidental to administration;

   (c) To advise and represent Applicant in connection with all
       applications, motions, or complaints for reclamation,
       adequate protection, sequestration, relief from stays,
       appointment of a trustee or examiner, and all other similar
       matters;

   (d) To develop the relationship of the status of
       Debtor-in-Possession to the claims of creditors in these
       proceedings;

   (e) To advise and assist the Debtor-in-Possession in the
       formulation and presentation of a Plan of Reorganization
       pursuant to chapter 11 of the Bankruptcy Code and
       concerning any and all matters relating thereto; and

   (f) To perform any and all other legal services incident and
       necessary herein.

Evan M. Altman is a sole practitioner.  Over the past ten years,
Mr. Altman has participated in representing several Chapter 11
Debtors in cases previously filed in the Northern District of
Georgia, among those cases are 11-41777-PWB, Rubberwholesalers
Inc.; 11-81832-MGD; Frair Motors Inc.; 11-66722-JRS, Southern
Uplands LLC; 10-94245-WLH, Crown Development, LLC 08-20720-REB,
K.C. Poole Inc., A95-78627, Pumpkinvine Country Store, Inc.; A94-
65681, RAE Foods, Inc.; A91-79546-ADK Key Foundations, Inc.; A91-
71014 Letter Perfect, Inc.; and -a host of other cases.

Prior to making an Entry of Appearance, the Applicant, paid Mr.
Altman the amount of $9,715, consisting of an $8,000 as retainer
for legal services and $1,715 for filing fees.  The Debtor has
agreed to compensate Mr. Altman at his standard hourly billing
rate of $300 per hour for legal services rendered or to be
rendered on its behalf in contemplation of, and in connection
with, the bankruptcy proceeding.

Mr. Altman assures the Court that he 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. Altman may be reached at:

         Evan M. Altman, Esq.
         8325 Dunwoody Place, Building 2
         Atlanta, GA 30350-3307
         Tel: (770) 394-6466
         Fax: (678) 405-1903
         E-mail: evan.altman@laslawgroup.com

Conyers 138, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ga. Case No. 14-73659) in Atlanta, Georgia, on Dec. 1, 2014,
without stating a reason.

The Debtor, a Single Asset Real Estate as defined 11 U.S.C. Sec.
101(51B), estimated $10 million to $50 million in total assets and
debt of $500,000 to $1 million.

The Law Offices of Evan M. Altman, Esq., in Atlanta, serves as
the Debtor's counsel.


CTI BIOPHARMA: Gets $15 Million Milestone Payment for TRISENOX
--------------------------------------------------------------
CTI BioPharma Corp. has received a $15 million milestone payment
from Teva Pharmaceutical Industries Ltd. (Teva) related to the
achievement of sales milestones for TRISENOX(R) (arsenic
trioxide).  TRISENOX was acquired from CTI by Cephalon, Inc.
(Cephalon).  Cephalon was subsequently acquired by Teva.  The
milestone was paid pursuant to an acquisition agreement for
TRISENOX entered into with Cephalon under which CTI is eligible to
receive up to an additional $80 million in payments upon
achievement by Teva of specified sales and development milestones
related to TRISENOX.

                        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.


DANA HOLDING: S&P Assigns 'BB+' Rating on $425MM Unsecured Notes
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' issue-level
and '4' recovery ratings to Toledo, Ohio-based auto supplier Dana
Holding Corp.'s proposed $425 million senior unsecured notes due
2024.  The '4' recovery rating indicates S&P's expectation for
average (30%-50%) recovery in the event of a payment default.

The company states it will use the proceeds to fund a tender offer
for its $400 million 6.5% notes due 2019.  Dana's debt to EBITDA
for the trailing months ended Sept. 30, 2014, was 1.6x, and free
operating cash flow to debt was 35.2%.  For the rating, S&P
expects debt leverage of 3x or less and free operating cash flow
to debt of 15% or better.

S&P expects Dana to continue generating solid earnings and cash
flow, with stable credit measures, despite unpredictable end
markets and the company's investments for growth.  S&P believes
that Dana can maintain credit metrics appropriate for the rating
because of its neutral financial policy, combined with fair scope
and scale, competitive market position, and operating efficiency.

RECOVERY ANLAYSIS

Key analytical factors

   -- S&P's recovery rating for the company's proposed $425
      million senior unsecured notes due 2024 is '4'.

   -- S&P's simulated default scenario assumes a payment default
      in 2019.  The scenario contemplates another severe decline
      in the auto and heavy duty truck industries because of a
      general recession.  In S&P's scenario, the loss of a major
      customer enhances the downturn's impact by substantially
      reducing the company's revenue and profitability.

   -- S&P believes that if Dana were to default, its business
      model would remain viable because of the company's wide
      variety of original equipment manufacturer products for the
      light-vehicle, medium- and heavy-duty vehicle, and off-
      highway vehicle markets.  Consequently, S&P believes lenders
      would recover the greatest value from reorganization.  S&P
      valued the company on a going concern basis using a 5.0x
      multiple of its projected emergence EBITDA.

Simulated default and valuation assumptions

   -- Simulated year of default: 2019
   -- EBITDA at emergence: $240 million
   -- EBITDA multiple: 5.0x

Simplified waterfall

   -- Net enterprise value (after administrative costs): $1,140
      million
   -- Valuation split (obligors/nonobligors): 35%/65%
   -- Collateral value available to secured creditors: $823
      million
   -- Secured first-lien debt: $266 million
   -- Recovery expectations: 90%-100%
   -- Senior unsecured debt:  $1,544 million
   -- Other pari-passu unsecured claims: $43 million
   -- Recovery expectations: 30%-50% (upper half of the range)

Note: All debt amounts include six months of prepetition interest.
Collateral value equals asset pledge from obligors after priority
claims plus equity pledge from nonobligors after nonobligor debt.

RATINGS LIST

Dana Holding Corp.
Corporate Credit Rating                          BB+/Stable/--

New Ratings

Dana Holding Corp.
$425 mil. senior unsecured notes due 2024       BB+
  Recovery Rating                                4


DEALER TIRE: S&P Assigns 'B' Corp. Credit Rating; Outlook Stable
----------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B'
corporate credit rating to Cleveland, Ohio-based tire distributor
Dealer Tire LLC.  The outlook is stable.

At the same time, S&P assigned its 'B' issue-level and '3'
recovery ratings to the company's $615 million term loan and $100
million revolver.  The '3' recovery rating indicates S&P's
expectation that debtholders would realize meaningful recovery
(50%-70%) in the event of a payment default.

"The ratings reflect Standard & Poor's view that Dealer Tire's
EBITDA margins and cash generation will be commensurate with our
expectations of leverage at 5.0x and modest positive free
operating cash flow (FOCF) prospects," said Standard & Poor's
credit analyst Lawrence Orlowski.

S&P views the company's liquidity as "adequate," based on S&P's
criteria.

S&P's financial risk profile assessment reflects its view that
under the financial sponsor ownership, forecasted credit ratios in
the medium term are likely to remain elevated.  How quickly
management can and will be able to bring down leverage through
free cash flow generation is an important consideration in
evaluating financial policy, and its direction is key to positive
ratings developments in the future.

The stable outlook reflects S&P's expectation that the company's
debt to EBITDA will stay at or above 5x and FOCF to debt will
remain at or less than 5% over the next 12 months.

S&P could raise the ratings if Dealer Tire pays down debt,
reflecting a more conservative financial policy, and S&P believes
that leverage will remain well below 5x, and if the company
generates a ratio of FOCF flow to debt of over 5% on a sustained
basis.  However, S&P would not likely raise the rating above 'B+',
given the private-equity ownership and potential for an eventual
recapitalization or sale to another financial sponsor.

S&P could lower the ratings if EBITDA declines more than expected
in 2015, because of competitive or operational difficulties, and,
as a consequence, the company's leverage rises substantially above
5x or if it generates negative FOCF on a sustained basis.


DELIA*S INC.: Case Summary & 50 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                      Case No.
      ------                                      --------
      DELiA*s, Inc.                               14-23678
      50 West 23rd Street
      New York, NY 10010

      dELiA*s Retail Company                      14-23679

      dELiA*s Assets Corp.                        14-23680

      dELiA*s Group Inc.                          14-23681

      dELiA*s Distribution Company                14-23682

      dELiA*s Operating Company                   14-23683

      A Merchandise, LLC                          14-23684

      AMG Direct, LLC                             14-23685

      DACCS, Inc.                                 14-23686

Type of Business: Retail

Chapter 11 Petition Date: December 7, 2014

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

Debtors' Counsel: Gregg M. Galardi, Esq.
                  Dienna Corrado, Esq.
                  Arkady A. Goldinstein, Esq.
                  DLA PIPER LLP (US)
                  1251 Avenue of the Americas
                  New York, NY 10020
                  Tel: 212-335-4500
                  Fax: 212-335-4501
                  E-mail: gregg.galardi@dlapiper.com

Debtors'          CLEAR THINKING GROUP, LLC
Restructuring     401 Towne Center Drive
Advisors:         Hillsborough, NJ 08844

Debtors'          JANNEY MONTGOMERY SCOTT LLC
Investment        575 Lexington Avenue
Banker:           New York, NY 10022,

Debtors' Claims   PRIME CLERK LLC
and Noticing
Agent:

Total Assets: $74 million

Total Debts: $32.2 million

The petitions were signed by Edward Brennan, chief financial
officer.

Consolidated List of Debtors' 50 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Quad Graphics Inc                  Catalog Printing    $830,164
P.O. BOX 842858                    & Paper
Boston MA 02284

Epicor Retail Solutions            Capital Project     $627,899
C/O T60167U                        (POS System)
PO Box 66512
Chicago IL 60666

NYC Alliance Co LLC 525            Trade Debt          $626,323
7th Ave. Ste 701
New York NY 10018

Poison Ivy                         Trade Debt          $535,290
2430 Porter Street
Los Angeles CA 90021

Guru Knits                         Trade Debt          $480,223
225 W 38 th Street
Los Angeles CA 90037

KBL Group International, LTD       Trade Debt          $374,010
9142-9150 Norwalk Blvd
Santa Fe Springs CA 90670

Spicy Clothing Co LLC              Trade Debt          $343,110
530 7 th Ave STE 302
New York NY 10018

Celebrity Pink                     Trade Debt          $326,256
1708 Gage Road
Montebello CA 90640

G. Girl                            Trade Debt          $324,451
1800 E 50 th Street
Los Angeles CA 90058

Tailgate Clothing Co               Trade Debt          $267,570
2805 SW Snyder Blvd
Ankeny IA 50023

Marketive                          Web Hosting         $233,017

Big Strike DBA Heart N Soul        Trade Debt          $227,975

January Digital                    Web Marketing       $181,474
                                   Programs

Fire Div of Topson Downs           Trade Debt          $179,318

Mighty Fine                        Trade Debt          $172,320

Revolve Apparel NYC Inc.           Trade Debt          $162,408

GMPC                               Trade Debt          $159,030

Brandon Thomas Co Ltd.             Trade Debt          $146,139

Eco Textiles Group Inc.            Trade Debt          $139,500

Urban Episode Inc.                 Trade Debt          $117,038

Jakes Dry Goods                    Trade Debt          $114,098

Sweden Unlimited                   Web Advertising     $110,750
                                   Programs

Mightyhive                         Web Advertising     $108,609
                                   Programs

Park Mall LLC                      Store Rent           $99,074

Reliable of Milwaukee              Trade Debt           $99,074

Defy Media LLC                     Web URL Fees         $87,000

Orly Shoe Co                       Trade Debt           $86,700

The Ultimate Software Group Inc.   HR Systems           $56,560

Sunrise Apparel Group LLC          Trade Debt           $81,316

Secret Charm LLC                   Trade Debt           $77,809

Wanted Shoes Inc                   Trade Debt           $75,732

Rakuten Marketing LLC              Web Advertising      $73,812

The Glam Fashion Inc               Trade Debt           $71,229

Younique Clothing                  Trade Debt           $70,160

IT Closet                          Trade Debt           $68,618

Midway Industries America, Inc.    Trade Debt           $66,682

J&F Design Inc                     Trade Debt           $65,693

Bravado Int'l Group MS Inc         Trade Debt           $64,085

Converse Inc                       Trade Debt           $63,942

Kash Apparel LLC                   Trade Debt           $60,935

Inspireme Apparel LLC              Trade Debt           $60,686

Crater Communications Inc          Trade Debt           $56,749

Donnelly Communications            Call Center          $55,920

Hot Steps                          Trade Debt           $55,247

EOS Products                       Trade Debt           $54,763

4836 The Retail Property Trust     Store Rent           $53,088

Signmasters Inc                    Store Signage        $53,024

Farylrobin                         Trade Debt           $52,295

Deloitte Tax LLP                   Tax Service          $51,997

Westchester Mall LLC               Store Rent           $50,322


DELL INC: S&P Raises Corp. Credit Rating to 'BB+' on Reduced Debt
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Round Rock, Tex.-based Dell Inc. to 'BB+' from
'BB-'.  The outlook is stable.

At the same time, S&P raised the ratings on Dell's senior secured
debt to 'BBB' from 'BB+', and on its senior unsecured debt to
'BB+' from 'B+'.  S&P revised its recovery rating on Dell's senior
unsecured debt to '3' from '5'.  The '3' recovery rating reflects
S&P's expectation of meaningful (50%-70%) recovery in the event of
a payment default.

"The upgrade reflects our revision of Dell's financial risk
profile to 'intermediate' from 'aggressive,' incorporating our
expectation that Dell will continue to reduce debt through its
fiscal year ended Jan. 31, 2016, and will maintain adjusted
leverage below 3x," said Standard & Poor's credit analyst Martha
Toll-Reed.

S&P's ratings also reflect Dell's "fair" business risk profile,
which incorporates:

   -- The company's strong brand name and good market position
      across its hardware product portfolio.

   -- A geographically diverse and broad customer base.

   -- Highly competitive market conditions and weak global demand
      for personal computers (included in Dell's client solutions
      segment, which comprise more than half of revenues).

   -- S&P's expectation that ongoing cost reduction actions will
      enable Dell to maintain consistent profitability.

   -- A modest mix of services and software revenues with higher
      growth and margin contribution potential.

The stable outlook reflects S&P's expectation that Dell will
achieve moderate revenue growth and consistent operating
performance through the fiscal year ended Jan. 31, 2016.  S&P
expects the benefits from ongoing cost reduction initiatives will
largely offset pricing pressure across Dell's primary business
segments.  In addition, S&P expects Dell will primarily focus on
reducing leverage through EBITDA growth and some debt reduction.

Rating upside is currently limited by Dell's revenue and earnings
vulnerability to declining global PC demand and modest earnings
contribution from higher-margin software and services revenues.
In addition, S&P would consider an upgrade upon management's
establishment of financial policies more consistent with an
investment-grade corporate credit rating.

Although unlikely in the near term, S&P could lower the rating if
weak demand in Dell's end user and enterprise solutions segments,
reduced profitability, or more aggressive financial policies
result in adjusted leverage sustained at or above 3x.


EAST CLEVELAND, OHIO: Is Insolvent; Recovery Plan Inadequate
------------------------------------------------------------
Jeremy Pelzer at Cleveland.com reports that East Cleveland is
insolvent and on the verge of financial collapse after a recovery
plan has proved "inadequate," according to state Auditor Dave
Yost.

City officials are now looking at creating a new recovery plan by
the end of the year in hopes that they can continue to pay police,
firefighters, and other city workers, Cleveland.com says.

Cleveland.com relates that in a letter to a state-appointed
commission overseeing city finances, Mr. Yost stated that the
poverty-stricken suburb has been able to meet payroll so far only
through "sheer luck."

For lack of money, he wrote, East Cleveland's fire department
doesn't have a working ladder truck, the city can no longer
provide adequate street maintenance, all city cell phones have
been shut off, and utility companies are threatening legal action
for unpaid bills, Cleveland.com relays.

According to the report, the city's existing financial recovery
plan, Mr. Yost stated, has become "unworkable" because of declines
in red-light camera revenue, limited savings from sharing services
with other local governments, and unanticipated expenses.

Cleveland.com relates that Mr. Yost commended Mayor Gary Norton
and the city council for "many hard choices they have made to
reduce spending."

But the auditor wrote that plans to borrow money "would only be a
temporary cure," and he urged that the city quickly draw up a new
recovery plan with additional spending cuts or revenue sources,
the report states.

According to Cleveland.com, Mr. Yost said in an interview on
November 24 that the worry now is that East Cleveland won't be
able to meet payroll in January, when three pay periods are
scheduled instead of the usual two.

"What happens if the paychecks bounce? Do the cops and the
firefighters go to work anyway? If they don't, what happens in a
city where there's little opportunity and a quarter of the housing
stock is vacant?" the report quotes Mr. Yost as saying.  "From the
level of a human being on the streets of East Cleveland, this is a
very dangerous kind of thing to even want to think about."

With new sources of revenue scarce and spending already slashed,
the auditor said he sees two other options: merging with a
neighboring city or restructuring the city's debt, either by
filing Chapter 9 bankruptcy or possibly negotiating a deal with
the city's creditors, Cleveland.com relays.

"None of those are truly popular options, but those are the only
ones that are there," Mr. Yost, as cited by Cleveland.com, said.


ENDEAVOUR INT'L: Seeks to Hire Ernst & Young as Auditors
--------------------------------------------------------
Endeavour International Corporation and its debtor affiliates seek
permission from the U.S. Bankruptcy Court for the District of
Delaware to employ Ernst & Young LLP as its auditors nunc pro tunc
to the Petition Date.

As auditors, Ernst & Young LLP is expected to provide these
services:

   a. Audit and report on the Debtors' consolidated financial
      statements for the year ended December 31, 2014;

   b. Audit and report on the effectiveness of the Debtors'
      internal control over financial reporting for the year ended
      December 31, 2014 (together with the audit of the
      consolidated financial statements, the "Integrated Audit");

   c. Audit and report on the stand-alone consolidated financial
      statements of the Debtors' subsidiaries (Endeavour Energy UK
      Limited and Endeavour International Holding B.V.) for the
      year ended December 31, 2014; and

   d. Review the Debtors' unaudited interim financial information
      before the Debtors file their Form 10-Q.

The Debtors propose to pay for E&Y's services in this manner:

   a. Estimated Total Fees: E&Y's estimated fees for the
      Integrated Audit, the audits of consolidated financial
      statements of Endeavour Energy UK and Endeavour
      International Holding B.V., and Endeavour International
      Corporation's unaudited interim financial information are
      $1,145,000 related to base audit and review procedures, of
      which $683,000 has been paid through the Petition Date.

   b. Out-of-Scope Work: E&Y will separately bill for any out-of-
      scope work resulting from changes to the business (e.g.,
      nature of the business, bankruptcy or change in business
      entities) based on actual hours incurred at the discounted
      standard rate per hour that has been agreed with the
      Debtors' management.

   c. Taxes and Similar Charges: E&Y's fees are exclusive of taxes
      or similar charges, as well as customs, duties or tariffs
      imposed in respect of the Audit Services, all of which
      the Debtors will pay (other than taxes imposed on E&Y's
      income generally).

The Debtors have also agreed to pay, subject to Court approval,
direct expenses incurred in connection with E&Y's retention in
their Chapter 11 cases and the performance of the Audit Services.
E&Y's direct expenses shall include, but not be limited to,
reasonable and customary out-of-pocket expenses for items such as
travel, meals, accommodations and other expenses specifically
related to the engagement.

John Russell, a partner at Ernst & Young, assures the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

                  About Endeavour International

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

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

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

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

                            *   *   *

The hearing to consider adequacy of the Disclosure Statement of
the Debtors' Chapter 11 Plan is currently scheduled for Dec. 17,
2014, at 3:00 p.m. (Prevailing Eastern Time).  The proposed Plan
of Reorganization provides for the reduction of approximately $598
million of the Debtors' existing debt, the reduction of
approximately 43% of the Debtors annual interest burden, and
freeing up of $50 million in annual cash flow that can be used for
reinvestment in the Debtors' business.

The Debtors' deadline to file their schedules of assets and
liabilities has been extended through Dec. 15, 2014.

The U.S. Trustee has continued the Sec. 341 creditors of meeting
to Dec. 17, 2014, at 10:00 a.m.


ENERGY TRANSFER: Bank Debt Trades at 2% Off
-------------------------------------------
Participations in a syndicated loan under which Energy Transfer
Equity LP is a borrower traded in the secondary market at 97.83
cents-on-the-dollar during the week ended Friday, December 5, 2014
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents a decrease
of 0.85 percentage points from the previous week, The Journal
relates.  Energy Transfer pays 250 basis points above LIBOR to
borrow under the facility.  The bank loan matures on Nov. 15,
2019, and carries Moody's Ba2 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.


ENERGYTEK CORP: Reports $187K Net Loss for Q3
---------------------------------------------
EnergyTek Corp. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
loss of $187,138 on $25,540 of revenues for the three months ended
Sept. 30, 2014, compared with a net loss of $63,692 on $0 of
revenues for the same period during the prior year.

The Company's balance sheet at Sept. 30, 2014, showed $8.57
million in total assets, $318,000 in total liabilities and total
stockholders' equity of $8.25 million.

According to the regulatory filing, the company's recurring losses
from operations and negative cash flows from operations raise
substantial doubt about the Company's ability to continue as a
going concern and as a result, its independent registered public
accounting firm included an explanatory paragraph in their report
on the Company's consolidated financial statements for the year
ended Dec. 31, 2013 with respect to this uncertainty.

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

                       http://is.gd/82Jmw8

EnergyTek Corp. focuses on technologies in the energy sector. It
holds interest in oilfield assets, including leases on six shallow
zone producing oil wells and one salt water disposal well in the
Luling, Texas area.  The company was formerly known as Broadleaf
Capital Partners, Inc. and changed its name to EnergyTek Corp. in
July 2014.  EnergyTek Corp. was incorporated in 1984 and is based
in Luling, Texas.


ERF WIRELESS: Sold 6.2 Million Common Shares
--------------------------------------------
From Nov. 29, 2013, through Dec. 5, 2014, ERF Wireless, Inc.,
issued 6,287,412 common stock shares pursuant to existing
Convertible Promissory Notes that have all been reported on in the
Company's earlier public filings.  The Company receives no
additional compensation at the time of the conversions beyond that
previously received at the time the Convertible Promissory Notes
were originally issued.  The Shares were issued at an average of
$0.005 per share.  The issuance of the Shares constitutes 15% of
the Company's issued and outstanding shares based on 41,053,482
shares issued and outstanding as of Nov. 28, 2014.

                         About ERF Wireless

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

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

As of Sept. 30, 2014, the Company had $3.59 million in total
assets, $10.43 million in total liabilities and a $6.84 million
total shareholders' deficit.


EVERYWARE GLOBAL: SVP Sales North America Resigns
-------------------------------------------------
Umberto Filice, senior vice president sales, North America of
EveryWare Global, Inc., resigned from the Company effective
Jan. 9, 2015, according to a regulatory filing with the U.S.
Securities and Exchange Commission.

                          About EveryWare

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

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

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

                            *    *    *

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


EVRAZ NORTH AMERICA: S&P Assigns B+ CCR & Rates Secured Notes BB
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B+' long-term
foreign currency and local currency corporate credit ratings to
steel producer Evraz North America Ltd. (ENA).  The outlook is
stable.

S&P assigned a 'BB' issue rating to the $350 million high-yield
senior secured bond issued by Evraz Inc. NA Canada, a 51%
subsidiary of ENA, and unconditionally guaranteed by ENA and all
its material operating subsidiaries.  The recovery rating of '1'
indicates S&P's expectation of very high (90%-100%) recovery for
noteholders in the event of a payment default.

These ratings are in line with the preliminary ratings S&P
assigned on Oct. 28, 2014.

ENA is a 100% North America-based subsidiary of Luxembourg-
registered integrated steel-maker Evraz Group S.A. (B+/Stable/--).

The rating on ENA reflects its stand-alone credit profile (SACP),
which S&P assess as 'bb-', and is capped by the 'B+' rating on its
100% parent Evraz Group S.A.  S&P sees ENA as a strategically
important member of the Evraz group, given its size, some
operational integration with the group, and the shared name.  S&P
don't think that its rating on ENA can exceed that on the parent,
because Evraz has full control of ENA's strategy, financial
policy, and board (which doesn't include any independent
directors).

ENA operates in the tubular, flat, and long segments.  S&P's view
of its SACP takes into account the highly competitive and volatile
North American steel market.  This market is characterized by high
volumes of low-cost imports and incumbent steelmakers' capacity
surplus, which was idled during the downturn, but which is
gradually coming online.  ENA's scale and scope is small compared
with that of its rated competitors in the North American steel
market (US Steel, AK Steel, and Steel Dynamics).  This may lead to
pronounced price pressure in the tubular segment and higher
volatility compared with larger peers', as in 2013, when profits
declined largely as a result of one-off events.

These weaknesses are partly offset by ENA's strong market share in
its key markets, where S&P sees relatively strong fundamentals.
In particular, S&P believes that demand for tubular products will
remain resilient, despite the recent weakening of crude, which S&P
assumes will likely persist over the next few years.  S&P
understands that exploration and production budgets of the largest
North American oil and gas companies will remain relatively
robust, at least in the short term.  The business risk profile is
also supported by ENA's second-largest segment, long products,
which accounted for about one-third of revenues and almost two-
thirds of EBITDA in 2013.  Long products enjoy strong demand from
Class I Railroads, which are among its key customers.

S&P continues to see ENA's capital structure as moderately
leveraged, with forecast adjusted debt to EBITDA below 3.5x in the
second half of 2014 and in 2015.  After the issuance of the $350
million bond in Nov. 2014, adjusted debt is more than $1 billion.
The total amount of adjusted debt remains unchanged despite the
fact that the amount of the bond is lower than the originally
planned $500 million.  This is because the group used the proceeds
of the bond to reduce the amount outstanding under a subordinated
loan owed to an affiliate of Evraz Group S.A., so with lower bond
proceeds the amount of shareholder loan remains higher.  In S&P's
base case, in addition to the $350 million senior secured notes,
the adjusted debt amount now includes approximately $100 million
utilization under a $610 million asset-based financing arranged by
a bank syndicate, about $450 million shareholder loan with
maturity in 2020, and some $100 million of adjustments, primarily
post-retirement benefit obligations.

S&P's base-case assumptions have not changed.  S&P continues to
forecast the adjusted EBITDA of more than $300 million in 2014-
2015, compared with about $200 million in 2013 and $164 million in
the first half of 2014.  S&P also continues to believe that ENA's
adjusted debt to EBITDA will be below 3.5x in the second half of
2014 and in 2015, compared with 5.2x at year-end 2013 and 3.7x on
June 30, 2014, and its free operating cash flow (FOCF) will be at
least break even in the second half of 2014 and into 2015.

The stable outlook on ENA mirrors that on Evraz Group S.A. and
reflects S&P's view that ENA will demonstrate resilient
performance in the second half of 2014 and in 2015.  S&P views the
ratio of adjusted debt to EBITDA below 4x as commensurate with the
current long-term rating.

S&P do not factor a potential IPO by ENA into the rating at this
stage, due to uncertainties about the timing, terms, use of
proceeds, and corporate governance set-up after the IPO.

S&P could lower the rating if ENA's performance is hurt by
increasing competition in the North American market or by lower
demand from the oil and gas sector as a result of protracted crude
price weakness.  An increase in leverage, with adjusted debt to
EBITDA above 4x for a prolonged period, and negative FOCF would
likely lead to a downgrade.  S&P could also lower the rating if
ENA's liquidity weakens as a result of less robust cash flow
generation or constrained access to its asset-based loan.
Additionally, S&P would likely lower the rating if it lowered the
rating on Evraz Group S.A., ENA's parent.

S&P would likely raise the rating to 'BB-', in line with the
company's SACP, if S&P upgraded Evraz Group S.A.  An upgrade would
also require ENA's resilient performance, maintenance of moderate
leverage with adjusted debt to EBITDA below 3.5x on a consistent
basis, and adequate liquidity.


EXELIXIS INC: Releases Results of COMET-2 Final Analysis
--------------------------------------------------------
Exelixis, Inc., on Dec. 1, 2014, announced top-line results from
the final analysis of COMET-2, a randomized, double-blind,
controlled trial of cabozantinib in men with metastatic
castration-resistant prostate cancer who are suffering from
moderate to severe pain despite optimized narcotic medication, and
whose disease has progressed following treatment with docetaxel as
well as abiraterone and/or enzalutamide.  The trial did not meet
its primary endpoint of alleviation of bone pain, as determined by
comparing the percentage of patients in the two treatment arms who
achieved a pain response at Week 6 that was confirmed at Week 12
without increase in narcotic medication.  Fifteen percent of
patients in the cabozantinib arm reported a pain response,
compared to 17 percent of patients in the control arm receiving
mitoxantrone/ prednisone.  The difference in pain response between
the arms was not statistically significant.  The safety profile of
cabozantinib in the trial was consistent with that observed in
previous studies in mCRPC.

Following the Sept. 1, 2014, announcement of top-line results for
COMET-1, the Company's other phase 3 pivotal trial of cabozantinib
in men with mCRPC, the Company deprioritized the cabozantinib
development program in mCRPC and initiated a significant workforce
reduction in order to focus its development efforts and financial
resources on its pivotal phase 3 studies of cabozantinib in
metastatic renal cell carcinoma and advanced hepatocellular
carcinoma.  The Company expects top-line results from METEOR, its
phase 3 pivotal trial in RCC, in the second quarter of 2015 and
from CELESTIAL, its phase 3 pivotal trial in advanced HCC, in
2017.

The Company will submit the results from the COMET program for
potential presentation at a future medical meeting.

                         About Exelixis Inc.

Headquartered in South San Francisco, California, Exelixis, Inc.,
develops innovative therapies for cancer and other serious
diseases.  Through its drug discovery and development activities,
Exelixis is building a portfolio of novel compounds that it
believes has the potential to be high-quality, differentiated
pharmaceutical products.

The Company's balance sheet at Sept. 30, 2014, showed $383.66
million in total assets, $442.17 million in total liabilities and
total stockholders' deficit of $58.51 million.

Exelixis reported a net loss of $244.76 million in 2013 following
a net loss of $147.64 million in 2012.

                             Liquidity

"As of September 30, 2014, we had $293.5 million in cash and
investments, which included short- and long-term restricted cash
and investments of $12.2 million and $4.7 million, respectively,
and short- and long-term unrestricted investments of $91.9 million
and $84.6 million, respectively.  We are required to maintain on
deposit with Silicon Valley Bank or one of its affiliates short-
and long-term unrestricted investments of $0.8 million and $81.6
million, respectively, pursuant to covenants in our loan and
security agreement with Silicon Valley Bank.  Taking into account
our cost saving measures, including the 2014 Restructuring, and
the expected extension of the maturity date of our indebtedness
under our note purchase agreement with Deerfield to July 1, 2018,
we anticipate that our current cash and cash equivalents, short-
and long-term investments and product revenues will enable us to
maintain our operations through the end of 2015.  However, our
future capital requirements will be substantial, and we may need
to raise additional capital in the future.  Our capital
requirements will depend on many factors, and we may need to use
available capital resources and raise additional capital
significantly earlier than we currently anticipate."


EXIDE TECHNOLOGIES: Seeks to Supplement PwC's Services
------------------------------------------------------
Exide Technologies asks permission from the U.S. Bankruptcy Court
for the District of Delaware to supplement its retention of
PricewaterhouseCoopers LLP as tax advisor to include additional
services.

The Debtor and PwC have negotiated at arm's-length the terms of
the Supplemental Engagement Letters, which set forth the scope of
the Additional Services and the manner in which PwC will be
compensated for the Additional Services.

Pursuant to the International Tax Engagement Letter, PwC will
provide international tax consulting services (the International
Tax Services), including but not limited to tax attribute
preservation (e.g., foreign net operating losses, foreign tax
credits, other foreign tax attributes), and post-bankruptcy
international planning, including structuring Exide's post
emergence legal entity structure and future foreign cash tax
projections and planning.

Pursuant to the Financial Reporting Engagement Letter, PwC will
assist the Debtor with its preparation of the consolidated
financial statement tax accrual for the year and related quarters
ended March 31, 2015 (the Financial Reporting Services).

For the International Tax Services, PwC professionals or PwC
Subcontractors will charge these hourly rates:

    Personnel                       Hourly Rate
    ---------                       -----------
    National Partner/Principal         $765
    Partner                            $680
    Director                           $495
    Manager                            $395
    Senior Associate                   $290
    Associate                          $205

For the Financial Reporting Services, PwC professionals or PwC
Subcontractors will charge these hourly rates:

    Personnel                       Hourly Rate
    ---------                       -----------
    National Partner/Principal         $795
    Partner/Principal                  $705
    Director                           $515
    Manager                            $410
    Senior Associate                   $300
    Associate                          $210

Stephen J. Burke, tax partner at PricewaterhouseCoopers, assures
the Court that the Firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

                     About Exide Technologies

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

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

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

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

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

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

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


FAIRPOINT COMMUNICATIONS: State Wants Probe on Service Failures
---------------------------------------------------------------
The Valley News reports that state officials has asked utility
regulators to launch a probe on FairPoint Communications, Inc.,
due to its service failures.

The Valley News recalls that the Vermont Department of Public
Service warned the Company in November that it must lessen the
number of customer complaints or face an investigation.

According to the Valley News, evidence suggests that the Company
has failed to maintain the level of service that telephone
customers rely on and have long taken for granted.

                   About FairPoint Communications

FairPoint Communications, Inc. (NYSE: FRP) --
http://www.fairpoint.com/-- owns and operates local exchange
companies in 18 states offering advanced communications with a
personal touch, including local and long distance voice, data,
Internet, television and broadband services.  FairPoint is traded
on the New York Stock Exchange under the symbols FRP and FRP.BC.

FairPoint and its affiliates filed for Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 09-16335) on Oct. 26, 2009.  Rothschild
Inc. is acting as financial advisor for the Company; AlixPartners,
LLP, as the restructuring advisor; and Paul, Hastings, Janofsky &
Walker LLP is the Company's counsel.  BMC Group is the claims and
notice agent.

As of June 30, 2009, FairPoint reported $3.24 billion in total
assets, $321.41 million in total current liabilities, $2.91
billion in total long-term liabilities, and $1.23 million in
stockholders' equity.

Andrews Kurth is counsel to the Official Committee of Unsecured
Creditors.  Altman Vilandrie is the operational consultant to the
Creditors' Committee.  Verrill Dana is the Creditors' Committee's
special regulatory counsel.  Jeffries serves as the Creditors'
Committee's financial advisor.

FairPoint on Jan. 24, 2011, successfully completed its balance
sheet restructuring and emerged from Chapter 11.  As a result of
the restructuring, FairPoint reduced its outstanding debt by
roughly 64%, from roughly $2.8 billion -- including interest rate
swap liabilities and accrued interest -- to roughly $1.0 billion.
In addition, the Company has a $75 million revolving credit
facility available for working capital and general corporate
purposes.  Existing stock in the Company was cancelled and holders
did not receive any distributions.

                          *     *     *

The Troubled Company Reporter, on Feb. 4, 2013, reported that
Standard & Poor's Ratings Services assigned its 'B' issue-level
rating and '3' recovery rating to Charlotte, N.C.-based incumbent
local exchange carrier (ILEC) FairPoint Communications Inc.'s
proposed $650 million senior secured term loan B, $75 million
revolving credit facility, and $300 million of secured notes.  The
company will use proceeds to repay borrowings under its existing
bank loan, which currently totals about $950 million.


FORTESCUE METALS: Bank Debt Trades at 8% Off
--------------------------------------------
Participations in a syndicated loan under which Fortescue Metals
Group Ltd is a borrower traded in the secondary market at 91.85
cents-on-the-dollar during the week ended Friday, December 3, 2014
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents a decrease
of 1.84 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: Bid for More Access to Cash Collateral Denied
----------------------------------------------------------
U.S. Bankruptcy Judge J. Michael Deasy signed off on an order,
which denied Fred Fuller Oil & Propane Co. Inc. further relief
with respect to its motion to continue to use cash collateral.

"Further relief with respect to the motion is denied as moot,
beyond the relief already granted in the court's November 25, 2014
order," Judge Deasy wrote in his Nov. 26 order.

The initial order granted the company up to $170,000 in collateral
to purchase oil for deliveries and for paying workers.

The Nov. 25 order also granted Sprague Operating Resources, LLC
and Raymond C. Green Funding, LLC a replacement lien in some of
Fred's properties, which constitute their collateral, as "adequate
protection."

                      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 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.


FRIENDLY ICE CREAM: Friendly's Unionville Restaurant Closes
-----------------------------------------------------------
Kristin Stoller at Courant.com reports that the Friendly's
restaurant at 1835 Farmington Avenue in the Unionville,
Connecticut, area has closed, "in anticipation of the expiration
of its lease."

Citing town economic development director Rose Ponte, Courant.com
says that the town is working with the group to find a new tenant
and there have been some interested parties, like Rivers Edge
Bistro.

According to Courant.com, Urstadt Biddle Properties Inc. senior
vice president James Aries said the company acquired the
Unionville Friendly's along with a group of other Friendly's
locations.

A Friendly's representative said that all but three workers have
been placed at other Friendly's restaurants, Courant.com relates.

                     About Friendly Ice Cream

Friendly Ice Cream Corp. -- http://www.friendlys.com/-- the owner
and franchiser of 490 full-service, family-oriented restaurants
and provider of ice cream products in the Eastern United States,
filed for Chapter 11 reorganization together with four affiliates
(Bankr. D. Del. Lead Case No. 11-13167) on Oct. 5, 2011, to sell
the business mostly in exchange for debt to Sundae Group Holdings
II LLC, a unit of Sun Capital Partners Inc.  The existing owner
and holder of the Debtors' second-lien debt are also affiliates of
Sun Capital.  Friendly's, based in Wilbraham, Massachusetts, also
announced the closing of 63 stores, leaving about 424 operating.
Franchise operators have about 230 of the locations.

Judge Kevin Gross oversees the case.  James A. Stempel, Esq., Ross
M. Kwasteniet, Esq., and Jeffrey D. Pawlitz, Esq., at Kirkland &
Ellis LLP; and Laura Davis Jones, Esq., Timothy P. Cairns, Esq.,
and Kathleen P. Makowski, Esq., at Pachulski Stang Ziehl & Jones
LLP, serve as the Debtors' bankruptcy counsel.  Zolfo Cooper
serves as the Debtors' financial advisors.

In its petition, Friendly Ice Cream Corp. estimated $100 million
to $500 million in assets and debts.  The petitions were signed by
Steven C. Sanchioni, executive vice president, chief financial
officer, treasurer, and assistant secretary.

Friendly's is one of two companies under Sun Capital's portfolio
to file for bankruptcy in a span of two days.  Mexican-food chain
Real Mex, which operates restaurants such as Chevys, filed in
Delaware bankruptcy court on Oct. 3, 2011.

On Oct. 12, 2011, the U.S. Trustee appointed the Committee.  The
Committee currently consists of seven members.  The Committee
selected Akin Gump Straus Hauer & Feld LLP and Blank Rome LLP to
serve as co-counsel to the Committee, and FTI Consulting to serve
as the Committee's financial advisor.

A Sun Capital affiliate, Sundae Group Holdings, offered to pay
about $120 million for the business.  The price includes enough
cash to pay first-lien debt and an amount of cash for unsecured
creditors to be negotiated with the official creditors' committee.
Aside from cash, Sun Capital made a credit bid from the $267.7
million in second-lien, pay-in-kind notes.  On Dec. 29, 2011, the
Bankruptcy Court entered an order approving the sale to Sundae
Group.  The sale closed on Jan. 9, 2012.  Friendly Ice Cream Corp.
was renamed to Amicus Wind Down Corporation following the sale.

Friendly's was one of two companies under Sun Capital's portfolio
to file for bankruptcy in a span of two days.  Mexican-food chain
Real Mex, which operates restaurants such as Chevys, filed in
Delaware bankruptcy court on Oct. 3, 2011.

In early June 2012, the Debtor won approval of its liquidating
Chapter 11 plan where unsecured creditors were told to expect a
recovery between 1.6% and 3.2%.  The plan is partly based on a
settlement where existing owner Sun Capital receives releases of
claims in return for reducing its $279 million second-lien claim
to $50 million and subordinating the remaining secured claim.


GETTY IMAGES: Bank Debt Trades at 6% Off
----------------------------------------
Participations in a syndicated loan under which Getty Images Inc.
is a borrower traded in the secondary market at 94.23 cents-on-
the-dollar during the week ended Friday, December 5, 2014,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents an increase
of 0.33 percentage points from the previous week, The Journal
relates.  Getty Images Inc. pays 350 basis points above LIBOR to
borrow under the facility.  The bank loan matures on Oct. 14,
2019, 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.


GLOBAL DIGITAL: Reports $2.86-Mil. Net Loss for Sept. 30 Quarter
----------------------------------------------------------------
Global Digital Solutions, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing
a net loss of $2.86 million on $94,387 of revenue for the three
months ended Sept. 30, 2014, compared with a net loss of
$2.35 million on $nil of revenue for the same period during the
prior year.

The Company's balance sheet at Sept. 30, 2014, showed
$3.78 million in total assets, $3.03 million in total liabilities
and total stockholders' equity of $754,000.

The Company has sustained losses and experienced negative cash
flows from operations since inception, and at Sept. 30, 2014 had
an accumulated deficit of $26.0 million, cash and cash equivalents
of $344,000 and working capital of $460,000.  The Company has
funded its activities to date almost exclusively from equity and
debt financings.  These factors raise substantial doubt about our
ability to continue as a going concern, according to the
regulatory filing.

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

                       http://is.gd/PuBwVy

                  About Global Digital Solutions

Global Digital Solutions, Inc., does not have significant
operations.  The company focuses on small arms manufacturing.
Previously, it was engaged in providing telecom and data
engineering services.

Global Digital Solutions, Inc.'s independent registered accounting
firm has expressed, at December 31, 2012, substantial doubt about
its ability to continue as a going concern as a result of its
history of net loss.  The ability to achieve and maintain
profitability and positive cash flow is dependent upon its ability
to successfully execute the plans to pursue the acquisition of
Airtronic.


GRAND CENTREVILLE: Seeks Approval to Hire Resource International
----------------------------------------------------------------
Grand Centerville LLC has filed an application seeking court
approval to hire Resource International, Ltd., as its consultant.

Resource International will assist the company in the sale of its
retail shopping center known as the Old Centreville Crossing
Shopping Center located in Centreville, Virginia.  Specifically,
the firm will be tasked to perform a Phase I Environmental Site
Assessment.

Resource International will be paid $2,800 upon completion of its
services and will be reimbursed for any work-related expenses.

The firm holds no interest adverse to the company or its estate,
and is a "disinterested person" as defined in section 101 (14) of
the Bankruptcy Code, according to an affidavit executed by Lynn
Tavenner, a member of Resource International.

It was the second time Grand Centerville sought court approval to
hire the firm.  The company withdrew its initial application after
the U.S. Bankruptcy Court for the Eastern District of Virginia on
March 20 denied its request to sell the property.

                     About Grand Centreville

Grand Centreville, LLC, filed a Chapter 11 petition (Bankr. E.D.
Va. Case No. 13-13590) on Aug. 2, 2013.  The petition was signed
by Michael L. Schuett, principal of Black Creek Consulting Ltd.,
the receiver.  Judge Robert G. Mayer presides over the case.
Paula S. Beran, Esq., and Lynn L. Tavenner, Esq., at Tavenner &
Beran, PLC, in Richmond, Va., represent the Debtor as counsel.

The Debtor owns the real property located at 13810-13860 Braddock
Road, Centreville, Virginia.  In its schedules, the Debtor
disclosed $40,550,046 in assets and $26,247,602 in liabilities as
of the petition date.

Grand Centreville's chapter 11 proceeding is related to the
Chapter 11 proceedings of Min S. Kang and Man S. Kang (Bankr. E.D.
Va. Case No. 10-18839-RGM) filed on Oct. 19, 2010.  Prior to March
16, 2009, the Kangs indirectly owned 100% of the economic
interests in the Debtor and, through their 100% ownership of Grand
Formation, controlled all management rights with respect to Grand
Centreville.  On Jan. 7, 2013, the Court entered an Order
directing the United States Trustee to appoint a chapter 11
trustee for the Kangs' case.  On the same date, the U.S. Trustee
appointed Raymond A. Yancey as chapter 11 trustee for the Kangs'
case, which appointment the Court approved on Jan. 16, 2013.

Wells Fargo Bank N.A., the secured creditor, is represented by
William C. Crenshaw, Esq., and Mona M. Murphy, Esq., at Akerman
LLP.

Special Counsel to Raymond A. Yancey, Chapter 11 Trustee in the
Kangs' Bankruptcy Case is Bradford F. Englander, Esq., at
Whiteford Taylor & Preston, L.L.P.  Counsel for Yeon K. Han is
Timothy J. McGary, Esq.  Counsel for James Y. Sohn is James R.
Schroll, Esq., at Bean, Kinney & Korman, P.C.


GRAND CENTREVILLE: Proposes to Hire KLNB as Broker
--------------------------------------------------
Grand Centerville LLC is asking the U.S. Bankruptcy Court for the
Eastern District of Virginia to hire KLNB, LLC, as its real estate
broker and marketing agent.

The real estate firm will assist the company in the sale of its
retail shopping center known as the Old Centreville Crossing
Shopping Center located in Centreville, Virginia.

KLNB will receive a commission for its services, which is 0.8% of
the property's gross purchase price, and will be reimbursed for
work-related expenses.  Compensation will be paid at closing.

If a cooperating broker procures the buyer of the property, the
commission will be increased to 1.25% of the gross purchase price,
which the firm will share equally with the cooperating broker.

Lynn Tavenner, a member of KLNB, disclosed in an affidavit that
the firm holds no interest adverse to the company or its estate,
and that it is a "disinterested person" as defined in Section 101
(14) of the Bankruptcy Code.

It was the second time Grand Centerville sought court approval to
hire the firm.  The company withdrew its initial application after
the bankruptcy court on March 20 denied its request to sell the
property.

                     About Grand Centreville

Grand Centreville, LLC, filed a Chapter 11 petition (Bankr. E.D.
Va. Case No. 13-13590) on Aug. 2, 2013.  The petition was signed
by Michael L. Schuett, principal of Black Creek Consulting Ltd.,
the receiver.  Judge Robert G. Mayer presides over the case.
Paula S. Beran, Esq., and Lynn L. Tavenner, Esq., at Tavenner &
Beran, PLC, in Richmond, Va., represent the Debtor as counsel.

The Debtor owns the real property located at 13810-13860 Braddock
Road, Centreville, Virginia.  In its schedules, the Debtor
disclosed $40,550,046 in assets and $26,247,602 in liabilities as
of the petition date.

Grand Centreville's chapter 11 proceeding is related to the
Chapter 11 proceedings of Min S. Kang and Man S. Kang (Bankr. E.D.
Va. Case No. 10-18839-RGM) filed on Oct. 19, 2010.  Prior to March
16, 2009, the Kangs indirectly owned 100% of the economic
interests in the Debtor and, through their 100% ownership of Grand
Formation, controlled all management rights with respect to Grand
Centreville.  On Jan. 7, 2013, the Court entered an Order
directing the United States Trustee to appoint a chapter 11
trustee for the Kangs' case.  On the same date, the U.S. Trustee
appointed Raymond A. Yancey as chapter 11 trustee for the Kangs'
case, which appointment the Court approved on Jan. 16, 2013.

Wells Fargo Bank N.A., the secured creditor, is represented by
William C. Crenshaw, Esq., and Mona M. Murphy, Esq., at Akerman
LLP.

Special Counsel to Raymond A. Yancey, Chapter 11 Trustee in the
Kangs' Bankruptcy Case is Bradford F. Englander, Esq., at
Whiteford Taylor & Preston, L.L.P.  Counsel for Yeon K. Han is
Timothy J. McGary, Esq.  Counsel for James Y. Sohn is James R.
Schroll, Esq., at Bean, Kinney & Korman, P.C.


GRAND CENTREVILLE: Seeks Approval to Hire PCA as Consultant
-----------------------------------------------------------
Grand Centerville LLC is asking the U.S. Bankruptcy Court for the
Eastern District of Virginia to hire Property Condition
Assessments, LLC, as its consultant.

Grand Centerville tapped the firm to assist the company in the
sale of its retail shopping center known as the Old Centreville
Crossing Shopping Center located in Centreville, Virginia.
Specifically, the firm will be tasked to evaluate the general
condition of the company's facilities relative to a potential
disposition transaction.

PCA will receive $6,950 for property condition assessment and
other services.  Meanwhile, Grand Centerville will pay the firm
$2,700 if it performs structural assessment and $650 for public
records review.  The firm will also be reimbursed for project-
related direct costs.

Lynn Tavenner, a member of PCA, disclosed in an affidavit that the
firm holds no interest adverse to the company or its estate, and
that it is a "disinterested person" as defined in section 101 (14)
of the Bankruptcy Code.

It was the second time Grand Centerville sought court approval to
hire the firm.  The company withdrew its initial application after
the bankruptcy court on March 20 denied its request to sell the
property.

                     About Grand Centreville

Grand Centreville, LLC, filed a Chapter 11 petition (Bankr. E.D.
Va. Case No. 13-13590) on Aug. 2, 2013.  The petition was signed
by Michael L. Schuett, principal of Black Creek Consulting Ltd.,
the receiver.  Judge Robert G. Mayer presides over the case.
Paula S. Beran, Esq., and Lynn L. Tavenner, Esq., at Tavenner &
Beran, PLC, in Richmond, Va., represent the Debtor as counsel.

The Debtor owns the real property located at 13810-13860 Braddock
Road, Centreville, Virginia.  In its schedules, the Debtor
disclosed $40,550,046 in assets and $26,247,602 in liabilities as
of the petition date.

Grand Centreville's chapter 11 proceeding is related to the
Chapter 11 proceedings of Min S. Kang and Man S. Kang (Bankr. E.D.
Va. Case No. 10-18839-RGM) filed on Oct. 19, 2010.  Prior to March
16, 2009, the Kangs indirectly owned 100% of the economic
interests in the Debtor and, through their 100% ownership of Grand
Formation, controlled all management rights with respect to Grand
Centreville.  On Jan. 7, 2013, the Court entered an Order
directing the United States Trustee to appoint a chapter 11
trustee for the Kangs' case.  On the same date, the U.S. Trustee
appointed Raymond A. Yancey as chapter 11 trustee for the Kangs'
case, which appointment the Court approved on Jan. 16, 2013.

Wells Fargo Bank N.A., the secured creditor, is represented by
William C. Crenshaw, Esq., and Mona M. Murphy, Esq., at Akerman
LLP.

Special Counsel to Raymond A. Yancey, Chapter 11 Trustee in the
Kangs' Bankruptcy Case is Bradford F. Englander, Esq., at
Whiteford Taylor & Preston, L.L.P.  Counsel for Yeon K. Han is
Timothy J. McGary, Esq.  Counsel for James Y. Sohn is James R.
Schroll, Esq., at Bean, Kinney & Korman, P.C.


GUAM: S&P Rates $100MM 2014 Lease Revenue Bonds 'B+'
----------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B+' rating to the
Industrial Development Authority of the City of Phoenix, Ariz.'s
$100 million series 2014 lease revenue bonds (Guam Facilities
Foundation Inc. Project), issued on behalf of the Government of
Guam (GovGuam).  S&P also affirmed its 'B+' long-term rating on
Guam's outstanding 2010A certificates of participation (JFK High
School Project).  The outlook is stable.

"The rating reflects our view of GovGuam's covenant to annually
budget and appropriate lease payments throughout the term of the
lease, annual appropriation risk, and general credit
characteristics," said Standard & Poor's credit analyst Paul
Dyson.

Bond proceeds will be used to fund costs related the acquisition
of real property located in Barrigada, Guam as well as to pay the
construction and acquisition costs of various other adjacent
facilities to be used by GovGuam for public education purposes.
Bond proceeds will also fund capitalized interest through Aug. 1,
2015, and an additional capitalized rent fund will fund
capitalized interest through Aug. 1 2017, for uncompleted
projects, which is more than six months beyond the expected
completion date of the final structure.


GUIDED THERAPEUTICS: Obtains $3.8MM From Common Stock Offering
--------------------------------------------------------------
Guided Therapeutics, Inc., previously entered into a securities
purchase agreement with certain accredited investors providing for
the issuance and sale by the Company to the Purchasers of an
aggregate of 16,785,415 shares of the Company's common stock and
warrants to purchase an aggregate of 8,392,708 shares of the
Company's common stock at a purchase price of $0.225 per share,
for aggregate gross proceeds (including non-cash extinguishment of
debt) of approximately $3.8 million.  The Company consummated the
Offering on Dec. 2, 2014.

The Company expects to use the cash proceeds to continue to seek
FDA approval for LuViva, to repay certain bridge loans, and to
support general working capital and operations.  However, the
Company will retain broad discretion over the use of the net
proceeds and may use the money for other corporate purposes.

Pursuant to the terms of the Securities Purchase Agreement, at the
closing each Purchaser was issued a Warrant to purchase up to a
number of shares of the Company's Common Stock equal to 50% of the
shares issued to such Purchaser.  The Warrants have an exercise
price of $0.225 per share, are exercisable immediately upon
issuance and have a five-year term.

      Placement Agent Agreement and Placement Agent Warrant

Pursuant to a Placement Agent Agreement dated Nov. 26, 2014, by
and between the Company and Olympus Securities, LLC, Olympus
agreed to act as the Company's placement agent in connection with
the Offering.  As consideration, the Company agreed to pay Olympus
a cash placement fee equal to the lesser of (1) $600,000 and (2)
8% of the aggregate gross proceeds from the sale of the common
stock in the offering, for those investors Olympus introduced to
the Company, plus 4% of the aggregate gross proceeds of the
offering, for those investors the Company provided to Olympus.  In
addition to the cash fees, the Company agreed to issue to Olympus
a warrant to purchase shares of common stock equal to an aggregate
of 4.5% of the total Shares sold in the Offering, at an exercise
price of 125% of the public offering price.  Finally, the Company
agreed to reimburse the placement agent for certain fees incurred
by its counsel, up to the lesser of $75,000 or 2% of the gross
proceeds of the offering.

As a result, Olympus is due a cash fee of $233,792, (of which
$165,000 has been paid, with the remainder to be paid over time)
and the Company has issued the Placement Agent (or its assigns)
warrants to purchase an aggregate of 755,344 shares of the
Company's common stock.  The Placement Agent Warrants have
substantially the same terms as the Warrants, except that they are
not exercisable until the first anniversary of issuance, they have
an exercise price per share of $0.28125 per share, and they are
subject to certain rules of the Financial Industry Regulatory
Authority, or FINRA.

                      About Guided Therapeutics

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

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

The Company's balance sheet at Sept. 30, 2014, showed $3.72
million in total assets, $7.66 million in total liabilities and a
$3.94 million total stockholders' deficit.

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


HAAS ENVIRONMENTAL: Stipulation with Wells Fargo Equipment OK'd
---------------------------------------------------------------
The Hon. Kathryn C. Ferguson approved a second amended stipulation
and consent order between Haas Environmental, Inc., and Wells
Fargo Equipment Finance.

The amended stipulation and consent order relates to the Debtor's
use and possession of equipment identified in certain combination
loan and security agreements.  The Debtor agrees that it will pay
to Wells Fargo monthly payments of $7,500 commencing on the later
of (a) Nov. 15, 2014; and (b) within five days of the entry of the
order and payable on first business day of each month thereafter
until end of the term of the order.

The stipulation also provides that the Debtor will not obtain any
new credit or financing secured by the equipment.

                     About Haas Environmental

Haas Environmental, Inc., an industrial cleaning company, filed a
Chapter 11 petition (Bankr. D.N.J. Case No. 13-27297) on Aug. 6,
2013.  Eugene Haas signed the petition as president.  Judge
Kathryn C. Ferguson presides over the case.  The Debtor disclosed
$10,127,069 in assets and $11,595,611 in liabilities as of the
Chapter 11 filing.  Jerrold N. Poslusny, Jr., Esq., at Cozen
O'Connor, in Cherry Hill, New Jersey, serves as the Debtor's
counsel.

Mary E. Seymour, Esq., at Lowenstein Sandler LLP, serves as
counsel for the Official Committee of Unsecured Creditors.
EisnerAmper LLP serves as its financial advisor.

                           *     *     *

Haas Environmental filed a plan of reorganization and disclosure
statement by the May 27, 2014 deadline set by the Court in its
exclusivity extension order.  One feature of the Plan is a so-
called new value contribution from sole shareholder Eugene Haas
using his personal funds in exchange for retaining his equity
interest in the Debtor.  Those funds will be utilized to pay for
certain disbursements under the Plan.  Upon the Plan effective
date, Mr. Haas will be deemed appointed as the plan administrator
and will be responsible for making distributions from the play
payment fund under the Plan.  Management of the Debtor's
operations after the effective date will continue to be run by Mr.
Haas as its president.

Under the Plan, the unsecured creditor claims, estimated to be
$3.8 million, will be paid after higher priority claims are
satisfied.  Holders of unsecured creditor claims are estimated to
recoup 9% to 11% of the Allowed amount.


HAAS ENVIRONMENTAL: William Mackin Accepts Mediation Assignment
---------------------------------------------------------------
William Mackin notified the Bankruptcy Court that he has accepted
the appointment as mediator in the Chapter 11 case of Haas
Environmental, Inc.

The Debtor and Cummings Land and Development Company, in an effort
to reach a resolution of all matters between them, including
Cummings' motion to file a late claim and the Debtor's response
and cross-motion, have stipulated and agreed to submit all claims
between them to mediation.

For case management purposes, a status conference is scheduled for
Feb. 10, 2015, at 2:00 p.m.

                     About Haas Environmental

Haas Environmental, Inc., an industrial cleaning company, filed a
Chapter 11 petition (Bankr. D.N.J. Case No. 13-27297) on Aug. 6,
2013.  Eugene Haas signed the petition as president.  Judge
Kathryn C. Ferguson presides over the case.  The Debtor disclosed
$10,127,069 in assets and $11,595,611 in liabilities as of the
Chapter 11 filing.  Jerrold N. Poslusny, Jr., Esq., at Cozen
O'Connor, in Cherry Hill, New Jersey, serves as the Debtor's
counsel.

Mary E. Seymour, Esq., at Lowenstein Sandler LLP, serves as
counsel for the Official Committee of Unsecured Creditors.
EisnerAmper LLP serves as its financial advisor.

                           *     *     *

Haas Environmental filed a plan of reorganization and disclosure
statement by the May 27, 2014 deadline set by the Court in its
exclusivity extension order.  One feature of the Plan is a so-
called new value contribution from sole shareholder Eugene Haas
using his personal funds in exchange for retaining his equity
interest in the Debtor.  Those funds will be utilized to pay for
certain disbursements under the Plan.  Upon the Plan effective
date, Mr. Haas will be deemed appointed as the plan administrator
and will be responsible for making distributions from the play
payment fund under the Plan.  Management of the Debtor's
operations after the effective date will continue to be run by Mr.
Haas as its president.

Under the Plan, the unsecured creditor claims, estimated to be
$3.8 million, will be paid after higher priority claims are
satisfied.  Holders of unsecured creditor claims are estimated to
recoup 9% to 11% of the Allowed amount.


HD SUPPLY: Sells $1.2 Billion of Senior Notes
---------------------------------------------
HD Supply, Inc., an indirect wholly-owned subsidiary of HD Supply
Holdings, Inc., issued $1,250,000,000 aggregate principal amount
of its 5.25% Senior Secured First Priority Notes due 2021 under an
Indenture, dated as of Dec. 4, 2014, among the Company, certain
subsidiaries of the Company, as guarantors, Wilmington Trust,
National Association, as Trustee, and Wilmington Trust, National
Association, as Note Collateral Agent, as supplemented by the
First Supplemental Indenture, dated as of Dec. 4, 2014, among the
Company, the Subsidiary Guarantors and the Trustee.

The Notes are guaranteed, on a senior secured basis, by each of
the Company's Wholly Owned Domestic Subsidiaries, and each other
Domestic Subsidiary that is a borrower under the Senior ABL
Facility or that guarantees payment of the Company's indebtedness
under any Credit Facility or Capital Markets Securities.  These
guarantees are subject to release under customary circumstances.

Additional information is available for free at:

                        http://is.gd/4FNFCD

                          About HD Supply

HD Supply, Inc., headquartered in Atlanta, Georgia, is one of the
largest North American wholesale distributors supporting
residential and non-residential construction and to a lesser
extent electrical consumption and repair and remodeling.  HDS also
provides maintenance, repair and operations services.  Its
businesses are organized around three segments: Infrastructure and
Energy; Maintenance, Repair & Improvement; and, Specialty
Construction.  HDS operates through approximately 800 locations
throughout the U.S. and Canada serving contractors, government
entities, maintenance professionals, home builders and
professional businesses.

HD Supply reported a net loss of $218 million for the fiscal year
ended Feb. 2, 2014, a net loss of $1.17 billion for the fiscal
year ended Feb. 3, 2013, and a net loss of $543 million for the
year ended Jan. 29, 2012.

As of Aug. 3, 2014, HD Supply had $6.71 billion in total assets,
$7.41 billion in total liabilities and a $701 million total
stockholders' deficit.

                           *     *     *

As reported by the TCR on Jan. 11, 2013, Moody's Investors Service
upgraded HD Supply, Inc.'s ("HDS") corporate family rating to B3
from Caa1 and its probability of default rating to B3 from Caa1.
"This rating action results from our expectations that HDS will
refinance a significant portion of its senior subordinated notes
due 2015, effectively extending the remainder of its maturities by
at least two years to 2017," Moody's said.

HD Supply carries a 'B' corporate credit rating, with
negative outlook, from Standard & Poor's Ratings Services.


HOTEL OUTSOURCE: Announces Change of Control, Names New CEO
-----------------------------------------------------------
Hotel Outsource Management International, Inc., disclosed in a
regulatory filing with the U.S. Securities and Exchange Commission
that control of the company has been purchased by RichCorp
Holdings Ltd.

On Nov. 25, 2014, RichCorp Holdings bought a total of 2,308,343
shares of the issued and outstanding common stock of the Company,
pursuant to the terms of a Stock Purchase Agreement by and between
the Buyer and a group of four former shareholders of the Company.
The Shares represent approximately 78.3% of the Company's issued
and outstanding common stock.  Dato' Eddy Kok Seng Yeap owns 100%
of the issued and outstanding common stock of RichCorp Holdings
Ltd., and may be deemed to be the beneficial owner of the Shares
purchased by RichCorp Holdings.

The amount of consideration for the purchase of the Shares was an
aggregate of US$340,000.

In conjunction with the share purchase transaction between the
Sellers and the Buyer, on Nov. 25, 2014, Mr. Avraham Bahry, the
Company's sole officer and director, resigned from his respective
positions as the president, chief executive officer and chief
financial officer of the Company.  His resignation was not due to
a disagreement with the Company.  Mr. Bahry did not resign his
position as a member of the board of directors.

The board of directors of the Company appointed Dato' Eddy Kok
Seng Yeap as both a director of the Company, and as the Company's
president, chief executive officer and chief financial officer.
Dato' Eddy Kok Seng Yeap does not have any employment agreements
with the Company.

Dato' Eddy Kok Seng Yeap, aged 39, is a Malaysian and is a Life
Insurance Practitioner with the qualification obtained from the
Malaysia Insurance Institute.  Eddy has also completed the Legal
Professional Will Writing Course with Rockwills Sdn Bhd, Malaysia.
He is currently managing director of NobleCorp Asset Management
Ltd. which is set up in May 2014 for venturing into the Asset
Management Field.  NobleCorp is holding approximately 18% of the
issued capital of PMI Construction Group, a company traded on
OTCQB market.  Eddy is also a director of PMI Construction Group.
Prior to founding NobleCorp, Eddy was the director and shareholder
of several private and public companies in Malaysia, Singapore,
Macau, Indonesia, Hong Kong and China, including Kingsburg
Holdings Limited.  Currently, Eddy is venturing into his own
businesses, including asset management, risk management services,
alternative insurance services, healthcare research and fruit
plantation projects.

                        About Hotel Outsource

New York-based Hotel Outsource Management International, Inc., is
a multi-national service provider in the hospitality industry,
supplying a range of services in relation to computerized minibars
that are primarily intended for in-room refreshments.

The Company's balance sheet at June 30, 2014, showed $4.45 million
in total assets, $4.46 million in total liabilities and a
stockholders' deficit of $19,000.

As of Sept. 30, 2014, the Company's balance sheet included $0 of
fixed assets net.  The Company has completed its impairment test
for the nine months ended Sept. 30, 2014, and has concluded that
no impairment write-off is necessary.

The Company has suffered recurring losses from operations and has
a net working capital deficiency that raises substantial doubt
about its ability to continue a going concern, according to the
Company's quarterly report for the period ended June 30, 2014.


HOWREY LLP: Inks Deal with Landlord, Former Partners
----------------------------------------------------
Sara Randazzo, writing for The Wall Street Journal, reported that
Howrey LLP's bankruptcy trustee has reached a pair of settlements
with the defunct law firm's former Washington, D.C., landlord and
a group of ex-partners that should clear the way for the creation
of a debt-repayment plan in the 3-1/2-year old case.

According to the report, the landlord deal, which caps Warner
Investments LP's highest-priority claim at $4.5 million, "removes
one of the largest impediments to the trustee's ability to work
towards and propose a confirmable Chapter 11 plan in this case,"
trustee Allan Diamond said in settlement papers.  Separately, Mr.
Diamond reached a settlement with nine former Howrey partners now
at Jones Day that will raise $674,257 for creditors, the report
related.

                         About Howrey LLP

Three creditors filed an involuntary Chapter 7 petition (Bankr.
N.D. Cal. Case No. 11-31376) on April 11, 2011, against the
remnants of the Washington-based law firm Howrey LLP.  The filing
was in San Francisco, where the firm had an office.  The firm
previously was known as Howrey & Simon and Howrey Simon Arnold &
White LLP.  The firm at one time had more than 700 lawyers in 17
offices.  The partners voted to dissolve in March 2011.

The firm specialized in antitrust and intellectual-property
matters.  The three creditors filing the involuntary petition
together have $36,600 in claims, according to their petition.

The involuntary chapter 7 petition was converted to a chapter 11
case in June 2011 at the request of the firm.  In its schedules
filed in July, the Debtor disclosed assets of $138.7 million and
liabilities of $107.0 million.

Representing Citibank, the firm's largest creditor, is Kelley
Cornish, Esq., a partner at Paul, Weiss, Rifkind, Wharton &
Garrison.  Representing Howrey is H. Jason Gold, Esq., a partner
at Wiley Rein.

The Official Committee of Unsecured Creditors is represented in
the case by Bradford F. Englander, Esq., at Whiteford, Taylor And
Preston LLP.

In September 2011, Citibank sought conversion of the Debtor's case
to Chapter 7 or, in the alternative, appointment of a Chapter 11
Trustee.  The Court entered an order appointing a Chapter 11
Trustee. In October 2011, Allan B. Diamond was named as Trustee.
He is represented by Andrew Baxter Ryan, Esq., and Stephen Todd
Loden, Esq., at Diamond McCarthy LLP as counsel.


IDEAL TILE: Case Summary & 16 Unsecured Creditors
-------------------------------------------------
Debtor: Ideal Tile of Ocean, Inc.
        1912 Highway 35
        Ocean Township, NJ 07712

Case No.: 14-34555

Chapter 11 Petition Date: December 4, 2014

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

Debtor's Counsel: Andrew J. Kelly, Esq.
                  KELLY & BRENNAN, P.C.
                  1011 Highway 71, Suite 200
                  Spring Lake, NJ 07762-2030
                  TeL: (732) 449-0525
                  Fax: (732) 449-0592
                  E-mail: akelly@kbtlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Giuseppe LaMarca, president.

A list of the Debtor's 16 largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb14-34555.pdf


IMAGEWARE SYSTEMS: Appoints Jeff Harris as SVP Sales & Marketing
----------------------------------------------------------------
ImageWare Systems, Inc., has appointed Jeff Harris as its senior
vice president of sales and marketing.

Mr. Harris brings over 25 years of sales and marketing experience
across a range of technology-based products, including advanced
sensors and communications as well as networking products.

Mr. Harris will be responsible for driving direct and indirect
sales strategies as well as ImageWare's brand and global marketing
efforts.  He will also lead product and solutions sales, channel
partnership development, product support, and corporate field and
brand marketing.

"Jeff brings a unique blend of sales and marketing leadership,
coupled with a technical and analytic mindset," said Jim Miller,
chairman and CEO ImageWare.  "His wealth of knowledge and
experience will enhance our strategic focus of delivering
exceptional products that address customer needs, all while
increasing ImageWare's brand awareness and accelerating our growth
in the biometric security marketplace."

Mr. Harris previously served as a senior consultant to Cisco and
Checkpoint Systems, and launched a highly successful mobile and
networking products business for TrellisWare Technologies.  Prior
to TrellisWare, Mr. Harris held various senior roles for
organizations in the Ultra Wideband marketplace, and lead advanced
development and sales teams at Lockheed Martin and UUNet.  He
completed both his undergraduate and graduate studies in
electrical and computer engineering at George Mason University in
Fairfax, Virginia.

The Company's sales efforts were previously led by Charles
AuBuchon, ImageWare's vice president of business development, who
will continue to serve in this role.

In connection with Mr. Harris' appointment, on Dec. 1, 2014, the
Company and Mr. Harris entered into a one-year employment
agreement, pursuant to which Mr. Harris will receive an annual
base salary of $200,000 and will be eligible to participate in any
Company bonus plan and awards under the Company's Amended and
Restated 1999 Stock Option Plan at the discretion of the Company's
Board of Directors.

                      About ImageWare Systems

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

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

As of Sept. 30, 2014, the Company had $5.67 million in total
assets, $4.51 million in total liabilities and $1.15 million in
total shareholders' equity.


INSITE VISION: Incurs $3.28-Mil. Net Loss in Third Quarter
----------------------------------------------------------
InSite Vision Incorporated filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing
a net loss of $3.28 million on $360,000 of total revenues for the
three months ended Sept. 30, 2014, compared with net income of
$579,000 on $5.25 million of total revenues for the same period in
2013.

The Company's balance sheet at Sept. 30, 2014, showed
$2.49 million in total assets, $7.77 million in total liabilities,
and a stockholders' deficit of $5.28 million.

Historically, the Company has incurred substantial cumulative
losses and negative cash flows from operations.  Clinical trials
and costs to prepare a New Drug Application ("NDA") for its
product candidates with the U.S. Food and Drug Administration
("FDA") are very expensive and difficult, in part because they are
subject to rigorous regulatory requirements.  As of Sept. 30,
2014, the Company's accumulated deficit was $172.8 million and its
cash and cash equivalents were $0.3 million.  Further, the Company
anticipates that its existing cash and cash equivalent balances,
together with cash flows from operations, and the net proceeds
from existing debt financing arrangements will only be adequate to
fund its cash requirements through March 2015.  Management's plans
include exploring strategic alternatives or raising additional
financing.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern, according to the
regulatory filing.

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

                       http://is.gd/EdQjlr

Based in Alameda, California, InSite Vision Incorporated (OTCBB:
INSV) -- http://www.insitevision.com/-- is committed to
advancing new and superior ophthalmologic products for unmet eye
care needs.  The company's product portfolio utilizes InSite
Vision's proven DuraSite(R) bioadhesive polymer core technology, a
platform that extends the duration of drug retention on the
surface of the eye, thereby reducing frequency of treatment and
improving the efficacy of topically delivered drugs.

Burr Pilger Mayer, Inc., expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has recurring losses from operations, available cash and
short-term investment balances and accumulated deficit.

The Company's balance sheet at Dec. 31, 2013, showed $14.2 million
in total assets, $49.3 million in total liabilities, and a
stockholders' deficit of $35.1 million.


ISR GROUP: Plan Confirmation Hearing Rescheduled for Dec. 18
------------------------------------------------------------
The confirmation hearing on the Plan of Liquidation proposed by
Old Drone Co., Inc., formerly known as ISR Group, Incorporated has
been rescheduled for Dec. 18, 2014 at 11:00 a.m.

As reported in the Troubled Company Reporter on Oct. 6, 2014,
Judge Jimmy L. Croom of the U.S. Bankruptcy Court for the Western
District of Tennessee approved the Amended Disclosure Statement
explaining the First Amended Plan of Liquidation under Chapter 11
of the Bankruptcy Code proposed by the Debtor.

The Plan is the product of negotiations with various stakeholders
in the Debtor, including TCFI and the Committee.  Substantially
all of the Debtor's assets have been sold via a private sale
process overseen by the Court.  The sale proceeds will be
distributed to holders of allowed claims in the priority and
manner set forth in the Plan.

The classes of claims and estimated amounts and numbers are:

         Administrative Claims
         Estimated Amount: $376,000

         Priority Tax Claims
         Estimated Amount: $0

         Class 1 - DIP Loan Claim
         Estimated Amount: $0
         Estimated Number: 1

         Class 2 - Priority Wage Claims
         Estimated Amount: 78
         Estimated Number: $382,282

         Class 3 - IRS Tax Claim
         Estimated Amount: $537,959
         Estimated Number: 1

         Class 4 - TDR Tax Claim
         Estimated Amount: $32,757
         Estimated Number: 1

         Class 5 - Miscellaneous Secured Claims
         Estimated Amount: Unknown
         Estimated Number: Unknown

         Class 6 - TCFI Secured Claim
         Estimated Amount: $0
         Estimated Number: 1

         Class 7 - General Unsecured Claims
         Estimated Amount: $2,500,000
         Estimated Number: 190

         Class 8 - Interests in the Debtor
         Number of Holders: 1

Under the Plan, Claims in Classes 2, 5, and 7 are impaired and
are, thus, entitled to vote on the Plan.  Claims in Classes 1, 3,
4, and 6 are unimpaired and are, thus, not entitled to vote on the
Plan.  Holders of Administrative Claims and Priority Tax Claims
are not entitled to vote on the Plan.  Holders of Interests in
Class 8 will not receive or retain any property or interest in
property on account of those Interests under the Plan and,
therefore, those Holders are not entitled to vote on the Plan and
are conclusively presumed to have rejected the Plan.

A copy of the First Amended Disclosure Statement is available for
free at http://bankrupt.com/misc/ISRGroup_1stAmd_DS.pdf

The Debtors' attorneys can be reached at:

         Seymour Roberts, Jr., Esq.
         John D. Gaither, Esq.
         Patrick J. Neligan, Jr., Esq.
         NELIGAN FOLEY LLP
         325 N. St. Paul, Suite 3600
         Dallas, TX 75201
         Tel: (214) 840-5300
         Fax: (214) 840-5301
         E-mail: pneligan@neliganlaw.com
                 sroberts@neliganlaw.com
                 jgaither@neliganlaw.com

                  - and -

         E. Franklin Childress, Jr., Esq.
         BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ, P.C.
         165 Madison Avenue, Suite 2000
         Memphis, TN 38103
         Tel: (901) 577-2147
         Fax: (902) 577-8045
         E-mail: fchildress@bakerdonelson.com

                         About ISR Group

ISR Group, Incorporated, filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tenn. Case No. 14-11077) on April 29, 2014.  John
Stuecheli signed the petition as chief restructuring officer.  In
its schedules, the Debtor disclosed $13,339,836 in total assets
and $19,465,911 in total liabilities.  Franklin Childress, Jr.,
Esq., at Baker Donelson Bearman, serves as the Debtor's counsel.
Judge Jimmy L Croom presides over the case.

ISR Group Inc., a provider of services for military and civilian
users of drones, obtained Court permission to sell the business to
an affiliate of lender Trive Capital, mostly in exchange for $18.4
million in secured debt.  Under a global settlement among the
company, the creditors' committee and the buyer, Trive is
providing $375,000 in cash exclusively for payment to creditors
with unsecured claims.  The bankruptcy judge approved the
settlement on June 17, together with an agreement among
constituents supporting a Chapter 11 plan.


KU6 MEDIA: Annual General Meeting Rescheduled for Dec. 26
---------------------------------------------------------
The 2014 annual general meeting of shareholders of Ku6 Media Co.,
Ltd., will be held on Dec. 26, 2014, at 10:00 a.m., Hong Kong
time, at Boardroom I, Business Centre, 3/F, Harbour Grand Kowloon,
20 Tak Fung Street, Hunghom, Kowloon, Hong Kong, according to an
amended notice filed with the U.S. Securities and Exchange
Commission.

The Company's previous Notice for the 2014 AGM and the related
proxy materials are replaced by this Notice and the amended proxy
materials distributed as of Dec. 5, 2014.  A copy of the Amended
Proxy Statement is available at http://is.gd/BcDGQy

The purposes of the Meeting are:

   (a) To elect Xudong Xu, Robert Chiu, Haifa Zhu, Qingmin Dai,
       Yong Gui, Songhua Zhang, and Jiangtao Li as directors to
       hold office until the next annual general meeting of
       shareholders and until their successors are duly elected
       and qualified, or until their earlier removal, or earlier
       vacation of office.

   (b) To approve, confirm and ratify the appointment of
       PricewaterhouseCoopers Zhong Tian CPAs Limited Company as
       the independent auditor of the Company to hold office until
       the next annual general meeting of shareholders and the
       authorization of the Board of Directors of the Company to
       fix the auditor's remuneration.

   (c) To transact such other business as may properly come before
       the Meeting.

                     About Ku6 Media Co., Ltd.

Ku6 Media Co., Ltd. -- http://ir.ku6.com-- is an Internet video
company in China focused on User-Generated Content.  Through its
premier online brand and online video website,  www.ku6.com , Ku6
Media provides online video uploading and sharing service, video
reports, information and entertainment in China.

The Company's balance sheet at June 30, 2014, showed $5.83 million
(RMB36.19 million) in total assets, $9.4 million (RMB58.34
million) in total liabilities and total stockholders' deficit of
$3.57 million (RMB22.15 million).

KU6 Media reported a net loss of $34.42 million in 2013, a net
loss of $9.49 million in 2012 and a net loss of $49.38 million in
2011.

PricewaterhouseCoopers Zhong Tian LLP, in Shanghai, the People's
Republic of China, issued a "going concern" qualification in its
report on the consolidated financial statements for the year ended
Dec. 31, 2013.  The independent auditors noted that facts and
circumstances including recurring losses, negative working
capital, net cash outflows, and uncertainties associated with
significant changes planned to be made in respect of the Company's
business model raise substantial doubt about the Company's ability
to continue as a going concern.


LA FRONTERA: S&P Lowers Rating to 'B+', Off Watch Negative
----------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its rating on
La Frontera Generation LLC to 'B+' from 'BB-' and removed the
rating from CreditWatch negative, where S&P placed it on Sept. 22,
2014.  The recovery rating of '2' is unchanged.  The outlook is
stable.

The downgrade reflects S&P's expectation for lower natural gas
prices to drive weaker power prices in the Electric Reliability
Council of Texas (ERCOT) market during the next several years.
"This risk is accentuated by the nature of the project's cash flow
sweep provision, which limits repayment on debt somewhat through
2019, when we have less visibility into power pricing, especially
because this market does not use capacity pricing," said Standard
& Poor's credit analyst Michael Ferguson.

S&P had placed the project on CreditWatch with negative
implications in response to the release of S&P's new project
finance criteria in Sept. 2014.

La Frontera is a single-purpose entity issuing project finance
debt that owns two combined-cycle natural gas turbine power plants
with total operating capacity of about 3,000 megawatts in the
north sub-region of the ERCOT market.  The project was initially
capitalized with roughly $1.15 billion of debt, with term loan
proceeds used to fund a $1 billion dividend to NextEra Energy Inc.

The stable outlook on La Frontera reflects S&P's expectation of
low refinancing risk at maturity due to improving, but likely
volatile, power market conditions in ERCOT.  S&P anticipates that
the project will continue to dispatch at baseload-level capacity
factors due to its low heat rate and adequate access to
inexpensive fuel.  S&P expects a minimum DSCR of slightly above
1.7x in 2018 and to average about 3x during the loan tenor.


LAKELAND INDUSTRIES: WTC-CTF Micro Cap Has 5% Stake as of Nov. 24
-----------------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Wellington Trust Company, National Association
Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio,
disclosed that as of Nov. 24, 2014, it beneficially owned 369,800
shares of common stock of Lakeland Industries, Inc., representing
5.25 percent of the shares outstanding.  A copy of the regulatory
filing is available at http://is.gd/HXL3C5

                      About Lakeland Industries

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

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

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

In their report on the consolidated financial statements for the
year ended Jan. 31, 2013, Warren Averett, LLC, in Birmingham,
Alabama, expressed substantial doubt about Lakeland Industries'
ability to continue as a going concern.  The independent auditors
noted that Company is in default on certain covenants of its loan
agreements at Jan. 31, 2013.


LILY GROUP: Bankruptcy Case Transferred to Judge Basil H. Lorch
---------------------------------------------------------------
The Bankruptcy Court transferred the Chapter 11 case of Lily Group
Inc., from Frank J. Otte to Judge Basil H. Lorch.

                         About Lily Group

Lily Group Inc., the developer of an open-pit coal mine in Green
County, Indiana, filed a petition for Chapter 11 reorganization
(Bankr. S.D. Ind. Case No. 13-81073) on Sept. 23, 2013, in Terre
Haute, estimating assets and debt both exceeding $10 million.

In its amended schedules, the Debtor disclosed $2,552,682 in
assets and $38,953,976 in liabilities.

Jefferson & Brewer LLC has been designated as the Debtor's chief
restructuring officer.

The Debtor is represented by Courtney Elaine Chilcote, Esq., and
David R. Krebs, Esq., at Tucker, Hester, Baker & Krebs, LLC, in
Indianapolis, Indiana.

U.S. Trustee Nancy J. Gargula appointed four members to the
official committee of unsecured creditors in the Chapter 11 cases
of Lily Group Inc. Faegre Baker Daniels LLP represents the
Committee.


LITHIUM TECHNOLOGY: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Lithium Technology Corporation
        10379B Democracy Lane
        Fairfax, VA 22030

Case No.: 14-14527

Chapter 11 Petition Date: December 5, 2014

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

Judge: Hon. Brian F. Kenney

Debtor's Counsel: Michael E. Hastings, Esq.
                  WHITEFORD TAYLOR & PRESTON LLP
                  114 Market Street, Suite 210
                  Roanoke, VA 24011
                  Tel: 540-759-3579
                  Fax: 540-759-3569
                  E-mail: mhastings@wtplaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Gerson Roeske, global controller.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/vaeb14-14527.pdf


LOUISIANA OILFIELD: Case Summary & 11 Top Unsecured Creditors
-------------------------------------------------------------
Debtor: Louisiana Oilfield Contractors Association Insurance Fund
        705 West Pinhook Rd.
        Lafayette, LA 70503

Case No.: 14-51518

Chapter 11 Petition Date: December 5, 2014

Court: United States Bankruptcy Court
       Western District of Louisiana (Lafayette)

Judge: Hon. Robert Summerhays

Debtor's Counsel: H. Kent Aguillard
                  H. KENT AGUILLARD
                  P.O. Drawer 391
                  Eunice, LA 70535
                  Tel: (337) 457-9331
                  E-mail: kaguillard@yhalaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard Chalmers, trustee.

A list of the Debtor's 11 largest unsecured creditors is available
for free at http://bankrupt.com/misc/lawb14-51518.pdf


MOMENTIVE SPECIALTY: Merges With Finance Corp
---------------------------------------------
Hexion U.S. Finance Corp., a subsidiary of Momentive Specialty
Chemicals Inc., merged with and into Momentive, with Momentive
remaining as surviving entity, according to a regulatory filing
with the U.S. Securities and Exchange Commission.

In connection with the Merger, Momentive became the successor
issuer of the 6.625% First-Priority Senior Secured Notes due 2020,
the 8.875% Senior Secured Notes due 2018 and the 9.00% Second-
Priority Senior Secured Notes due 2020, in each case, initially
issued by Finance Corp and guaranteed by the Company, pursuant to
(i) the Third Supplemental Indenture dated as of Dec. 2, 2014, by
and among the Company, the guarantors party thereto and Wilmington
Trust, National Association, as trustee, (ii) the Third
Supplemental Indenture dated as of Dec. 2, 2014, by and among the
Company, Hexion Nova Scotia Finance ULC, the guarantors party
thereto and Wilmington Trust, National Association, as trustee,
and (iii) the First Supplemental Indenture dated as of Dec. 2,
2014, by and among the Company, the Co-Issuer, the guarantors
party thereto and Wilmington Trust Company, as trustee.

                      About Momentive Specialty

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

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

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

                           *     *     *

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

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


NATURAL MOLECULAR: Court to Consider Asset Sale Dec. 12
-------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
is set to hold a hearing on Dec. 12 on the proposed sale of
Natural Molecular Testing Corp.'s assets.

The bankruptcy trustee of NMTC sought court approval last month to
sell almost all of the company's assets to YourCode, Inc.  One of
YourCode's shareholders is former NMTC officer Beau Fessenden who
is facing a lawsuit filed by the company.

Under the proposed sale, the company will receive $25,000 in cash
once it closes the sale, and deferred payment of $361,034
evidenced by a promissory note issued at closing, bearing interest
at 1% per annum.

NMTC will also receive royalty payments of 5% of cash revenue
received by YourCode for the five years following the closing.
YourCode is only allowed to pay up to $2 million per year or $10
million in the aggregate.

                   Settlement With Fessenden

A cornerstone of the proposed sale is a potential settlement of
NMTC's claims against Mr. Fessenden.  The company holds claims
against its former officer, and has the security of deeds of trust
against the Normandy Park Residence and the Orondo Residence.

The company's deed of trust is in first position on Normandy Park,
with a value estimated at about $2.8 million, and a second
position on Orondo, with a value estimated at $1.9 million but
subject to a first deed of trust to lender Redmond Funding Group,
LLC in the amount of $1.05 million that matures in early 2015.

Pursuant to the settlement, Mr. Fessenden would be allowed to get
a first position lien on the Normandy Park Residence of not more
than $1.3 million, provided that the proceeds are used to
completely payoff Redmond such that the Orondo Residence is
subject solely to the company's deed of trust.

If NMTC does not receive $1 million in cash a year after the
closing from a combination of the cash purchase price, payments on
the promissory note, royalty payments, and post-closing payments
from Mr. Fessenden, it will be an event of default under the
company's deed of trust against the Orondo Residence.  This will
allow the company to exercise its remedies, and Mr. Fessenden to
market the Orondo Residence.

The company's liens against Normandy Park and Orondo will
otherwise remain in place until it has received cash consideration
totaling at least $2.5 million, at which time the liens will be
released and the lawsuit dismissed.

Pending payment of the $2.5 million, the lawsuit will be held in
abeyance unless there is a default by the buyer, according to
court filings.

                     About Natural Molecular

Natural Molecular Testing Corp., which provides molecular
diagnostic-testing services, including testing for sexually
transmitted diseases and screening and counseling about cystic
fibrosis, filed a petition for Chapter 11 protection (Bankr. W.D.
Wash. Case No. 13-19298) on Oct. 21, 2013, in Seattle.  Hacker
& Willig, Inc., P.S., serves as its bankruptcy counsel. The
closely held company said assets are worth more than $100 million
while debt is less than $50 million.

Gail Brehm Geiger, Acting U.S. Trustee for Region 18, appointed a
five-member Committee of Unsecured Creditors.  Foster Pepper's
Jane Pearson, Esq.; Christopher M. Alston, Esq., and Terrance
Keenan, Esq., serve as the Committee's attorneys.


NEW YORK CITY OPERA: Investors Has Deal for Revival
---------------------------------------------------
Jennifer Smith and Sara Randazzo, writing for The Wall Street
Journal, reported that a group of investors is proposing to pay
slightly more than $500,000 for the shuttered opera company's name
as well as some other assets and liabilities.  According to the
report, citing Gerard Catalanello, an attorney for the group, the
investors would pay $10,000, settle $500,000 in debts and assume
some liabilities.

                     About New York City Opera

New York City Opera, Inc., sought Chapter 11 bankruptcy protection
(Bankr. S.D.N.Y. Case No. 13-13240) on Oct. 3, 2013.  Created 70
years ago, the company was once dubbed "the people's opera"
by Mayor Fiorello LaGuardia, and was a breeding ground for young
talent that included Beverly Sills and Placido Domingo.

The Opera estimated between $1 million and $10 million in both
assets and debt.

The petition was signed by George Steel, general manager and
artistic director.  Kenneth A. Rosen, Esq., at Lowenstein Sandler
LLP, serves as the opera's counsel.  Ewenstein Young & Roth LLP
serves as special counsel.


NORTEL NETWORKS: Northern Ireland Workers Awarded GBP50K
--------------------------------------------------------
John Campbell at BBC News reports that staff who lost their jobs
at the Nortel factory in County Antrim, in Ireland are entitled to
unfair dismissal payments of more than GBP50,000, a tribunal has
ruled.

BBC News says the decision follows a test case brought by a worker
who claimed the Canadian firm failed to properly consult with each
employee before making them redundant.  However it is not clear
how much, if anything, will be paid out as the telecoms company is
in administration, BBC News relates.

The firm failed in 2009, resulting in 100 job losses in Northern
Ireland, BBC News notes.

According to the report, Nortel's administrator will not contest
the workers' claims that the firm failed to properly consult them.

In the test case, the worker involved was awarded GBP66,200 -- and
two subsequent cases have led to awards of GBP66,200 and
GBP52,699, BBC News says.

The report relates that the tribunals heard although the three
redundant workers subsequently found new jobs, the work did not
pay as well as Nortel.  The former employees now count as
unsecured creditors of Nortel, so it is not clear when they will
be paid or how much, relates BBC News.

A case involving Nortel at the High Court in London in 2010
indicated that unsecured creditors could expect to be paid
12 pence for every GBP1 they are owed, the report notes.

A group of workers, backed by the union Unite, are also expected
to bring cases to the tribunal once it becomes clear if the final
payout will make it worthwhile, BBC News adds.

                       About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
business in more than 150 countries around the world.  Nortel
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates
commenced a proceeding with the Ontario Superior Court of Justice
under the Companies' Creditors Arrangement Act (Canada) seeking
relief from their creditors.  Ernst & Young was appointed to serve
as monitor and foreign representative of the Canadian Nortel
Group.  That same day, the Monitor sought recognition of the CCAA
Proceedings in U.S. Bankruptcy Court (Bankr. D. Del. Case No.
09-10164) under Chapter 15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of
NNI's European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy
Court for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New
York, serve as the U.S. Debtors' general bankruptcy counsel; Derek
C. Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP, in
Wilmington, serves as Delaware counsel.  The Chapter 11 Debtors'
other professionals are Lazard Freres & Co. LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims and notice
agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.  Fred S. Hodara, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, in New York, and
Christopher M. Samis, Esq., and Mark D. Collins, Esq., at
Richards, Layton & Finger, P.A., in Wilmington, Delaware,
represent the Unsecured Creditors Committee.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of Long-
Term Disability Participants tapped Alvarez & Marsal Healthcare
Industry Group as financial advisor.  The Retiree Committee is
represented by McCarter & English LLP as Delaware counsel, and
Togut Segal & Segal serves as the Retiree Committee.  The
Committee retained Alvarez & Marsal Healthcare Industry Group as
financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.


NORTHLAND RESOURCES: Files Bankruptcy Request for Several Units
---------------------------------------------------------------
Northland Resources SE, together with its subsidiaries, on Dec. 8
disclosed that the respective Board of Directors for the following
legal entities within the Northland group: Northland Resources SE,
Northland Sweden AB, Northland Resources AB, Northland Logistics
AB, Northland Logistics AS Northland Mines OY and Northland
Exploration Finland OY, have resolved to file for bankruptcy with
respective jurisdiction.

Since the process of the contemplated financing solution was not
successful, the respective Board of Directors have, where
appropriate in consultation with the administrator of the
reorganization in Sweden, concluded that the conditions for a
continued reorganization do not exist and that the prerequisites
for bankruptcy are at hand.  The group companies mentioned will
therefore file for bankruptcy with the respective competent courts
and will suggest advokat Hans Andersson, Advokatbyran Kaiding, as
the official receiver for the Swedish Subsidiaries, advokat Knut
Ro, Ro Sommernes Advokatfirma, as official receiver for the
Norwegian subsidiary, and advokat Pekka Jaatinen, Castren &
Snellman Attorneys, as official receiver for the Finnish
subsidiaries.

"The Company and its employees have done an impressive job in
developing a professional and modern mining operation in a very
short time.  It is therefore sad that the dramatic fall in iron
ore prices this year made it impossible to raise the required
financing, which was a prerequisite for continued operations,"
commented Olav Fjell, chairman of the Board.

"Our employees and those around us deserve a tribute for the
devotion shown during the trials we have faced, this among other
things shows on the valuable assets this company possesses,"
commented Johan Balck, CEO.

As announced on December 5, 2014, all trading of the Company's
shares and bonds have been halted.  Since the Company and its
subsidiaries will file for Bankruptcy, in accordance with above,
the Company have asked for trading not be resumed.

The Company together with the administrator of the Reorganization
and the proposed Receiver for the Swedish Subsidiaries was
scheduled to host a press conference on Dec. 8 at 1:00 p.m. CET at
Scandic Hotel, Lulea.

                         About Northland

Headquartered in Luxembourg, Northland Resources S.A. is a
producer of iron ore concentrate, with a portfolio of production,
development and exploration mines and projects in northern Sweden
and Finland.  The first construction phase of the Kaunisvaara
project is complete and production ramp-up started in November
2012.  The Company expects to produce high-grade, high-quality
magnetite iron concentrate in Kaunisvaara, Sweden, where the
Company expects to exploit two magnetite iron ore deposits,
Tapuli and Sahavaara.  Northland has entered into off-take
contracts with three partners for the entire production from the
Kaunisvaara project over the next seven to ten years.  The
Company is also preparing a Definitive Feasibility Study for its
Hannukainen Iron Oxide Copper Gold project in Kolari, northern
Finland and for the Pellivuoma deposit, which is located 15 km
from the Kaunisvaara processing plant.


NORTHLAND RESOURCES: Bankruptcy Request for Swedish Units Okayed
----------------------------------------------------------------
Northland Resources SE, together with its subsidiaries, on Dec. 8
disclosed that Lulea District Court has approved the Company's
request of bankruptcy for the Swedish subsidiaries Northland
Sweden AB, Northland Resources AB and Northland Logistics AB.

In accordance with the announcement earlier on Dec. 8, the
Company's Swedish subsidiaries Northland Sweden AB, Northland
Resources AB and Northland Logistics AB has filed for bankruptcy
with the Court and as a part of this the Company suggested that
advokat Hans Andersson, Advokatbyran Kaiding, will be appointed as
the official receiver for the Swedish Subsidiaries.

The Court has now approved the request and advokat Hans Andersson
will therefore formally assume control over the Company as the
Receiver for the Swedish entities.  As a result of this, the group
management is relieved from their duties and their positions in
Northland Resources SE with immediate effect, this includes the
Chief Executive Officer, Johan Balck, the Chief Financial Officer,
Johan Dagertun and the Chief Administrative Officer, Tomas
Gustafsson.

In accordance with the Company's previous announcement, the
Company together with the administrator of the Reorganization and
the Receiver for the Swedish Subsidiaries was scheduled to host a
press conference on Dec. 8 at 1:00 p.m. CET at Scandic Hotel,
Lulea.

                         About Northland

Headquartered in Luxembourg, Northland Resources S.A. is a
producer of iron ore concentrate, with a portfolio of production,
development and exploration mines and projects in northern Sweden
and Finland.  The first construction phase of the Kaunisvaara
project is complete and production ramp-up started in November
2012.  The Company expects to produce high-grade, high-quality
magnetite iron concentrate in Kaunisvaara, Sweden, where the
Company expects to exploit two magnetite iron ore deposits,
Tapuli and Sahavaara.  Northland has entered into off-take
contracts with three partners for the entire production from the
Kaunisvaara project over the next seven to ten years.  The
Company is also preparing a Definitive Feasibility Study for its
Hannukainen Iron Oxide Copper Gold project in Kolari, northern
Finland and for the Pellivuoma deposit, which is located 15 km
from the Kaunisvaara processing plant.


OK SOD: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------
Debtor: OK Sod, Inc.
        525 Keller Parkway
        Keller, TX 76248

Case No.: 14-44913

Chapter 11 Petition Date: December 5, 2014

Court: United Stated Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Michael Lynn

Debtor's Counsel: Eric A. Liepins, Esq.
                  ERIC A. LIEPINS, P.C.
                  12770 Coit Rd., Suite 1100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  E-mail: eric@ealpc.com

Total Assets: $468,000

Total Liabilities: $1.93 million

The petition was signed by Kevin Keck, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txnb14-44913.pdf


OXFORD RESOURCE: Regains Compliance With NYSE Rule
--------------------------------------------------
Oxford Resource Partners, LP, was notified by the New York Stock
Exchange that the Company had regained compliance with the share
price continued listing standard of the NYSE, according to a
regulatory filing with the U.S. Securities and Exchange
Commission.

As of Nov. 28, 2014 (the last trading day in November), both the
closing unit price of Oxford's common units and its average
closing unit price over the preceding 30 consecutive trading days
were in excess of the $1.00 minimum threshold required by the
NYSE.  As a result, Oxford's common units will continue to be
traded on the NYSE, subject to ongoing monitoring by the NYSE and
Oxford's compliance with all other applicable requirements of the
NYSE.

                       About Oxford Resource

Columbus, Ohio-based Oxford Resource Resource Partners, LP, is a
low-cost producer of high value steam coal, and is the largest
producer of surface mined coal in Ohio.

The Company reported a net loss of $20.2 million on $287.0 million
of revenues for the nine months ended Sept. 30, 2012, compared
with a net loss of $4 million on $304.1 million of revenues for
the same period of 2011.

The Company's balance sheet at Sept. 30, 2014, showed $203.9
million in total assets, $218.2 million in total liabilities and
total partners' deficit of $14.2 million.


PULSE ELECTRONICS: Names Mark Twaalfhoven Chief Executive Officer
-----------------------------------------------------------------
Pulse Electronics Corporation announced that its Board of
Directors has named Mark Twaalfhoven as chief executive officer,
effective Dec. 1, 2014.  Mr. Twaalfhoven also has been appointed
to Pulse's Board of Directors, expanding the Board from six to
seven members and John E. Major has been named permanent Chairman
of the Board.  Alan H. Benjamin, who has served as interim CEO
since July 2014, will continue in his role as Chief Operating
Officer.

"The Board conducted a comprehensive search process, and we are
pleased to welcome Mark to Pulse as our next Chief Executive
Officer.  Mark has over 25 years of experience in managing
technology companies and extensive expertise in both running and
advising complex, global organizations.  He's also a great fit
culturally for our organization, with a keen understanding of and
appreciation for our dedication to customer service," said John E.
Major, Lead Independent Board member and Chairman of the Pulse
Board of Directors.  "Additionally, on behalf of the entire Board,
I would also like to thank Alan for his service as interim CEO
over the past four months and continued dedication to Pulse."

Mr. Twaalfhoven joins Pulse from the investment firm Valuec B.V.
in Hong Kong, where he served as president, with responsibilities
for investing in and advising international technology companies.
Mr. Twaalfhoven said, "I'm honored to be joining Pulse as CEO.  I
look forward to working with the Pulse team to continue meeting
our customers' needs and executing on the company's strategy of
reinvigorating profitable growth and increasing operational
efficiency."

Prior to his role at Valuec, Mr. Twaalfhoven served from 2005 to
2009 as president and CEO of Teleplan International, a global
business with almost 5,800 employees providing total lifecycle
care solutions for the computer, communications and consumer
industries.  Mr. Twaalfhoven led Teleplan as a public company
through a restructuring and turnaround, growing revenue from
approximately $300 million to approximately $400 million and
increasing profitability.  From 1996 to 2005, Mr. Twaalfhoven
served in a number of positions, including senior vice president
and corporate officer, of Amphenol Corporation, where he led the
development of its Asia operations as it became a leading supplier
of interconnect solutions, with tenfold growth in revenue during
his tenure.

In 1990, Mr. Twaalfhoven was nominated as Entrepreneur of the Year
for Southern California for his role as the founder of Fanamation
and subsequently QI Tech, which became a leading supplier of
Metrology Equipment and today is part of Hexagon Metrology.

Mr. Twaalfhoven holds a Master of Science in Industrial
Engineering from Stanford University, a Bachelor's Degree in
Mechanical Engineering from Purdue University and completed the
Advanced Management Program at Harvard Business School.  Born in
the Netherlands, he has three daughters, and has been residing in
Asia the past 20 years.

Mr. Twaalfhoven will receive an annual base salary of $300,000.
He will also get an annual bonus based on certain performance
metrics to be established annually by the Company's Board of
Directors following consultation with Mr. Twaalfhoven with a
target annual bonus of 150% of annual base salary and maximum
annual bonus equal to 300% of base salary.

                       About Pulse Electronics

San Diego, California-based Pulse Electronics Corporation --
http://www.pulseelectronics.com/-- is a global producer of
precision-engineered electronic components and modules, operating
in three business segments: Network product group; Power product
group; and Wireless product group.

As reported by the TCR on Juy 8, 2013, the Company dismissed
KPMG LLP as its independent registered public accounting
firm.  Grant Thornton LLP was hired as replacement.

Pulse Electronics reported a net loss of $27.02 million on $355.67
million of net sales for the year ended Dec. 27, 2013, as compared
with a net loss of $32.09 million on $373.16 million of net sales
for the year ended Dec. 28, 2012.

The Company's balance sheet at Sept. 26, 2014, showed $178.91
million in total assets, $250.44 million in total liabilities and
a $71.53 million total shareholders' deficit.


QUALITY LEASE: U.S. Trustee Unable to Form Creditors' Committee
---------------------------------------------------------------
The U.S. Trustee for Region 7 announced that it "has been unable
to solicit sufficient interest" to form a committee that will
represent unsecured creditors of Quality Lease and Rental
Holdings, LLC.

The Justice Department's bankruptcy watchdog said that an
"insufficient number" of unsecured creditors attended the first
meeting convened by the agency to form a creditors' committee.

         About Quality Lease and Rental Holdings, LLC

Quality Lease and Rental Holdings, LLC, doing business as Rocaceia
Energy Services, sought bankruptcy protection in Victoria, Texas
(Bankr. S.D. Tex. Case No. 14-60074) on Oct. 1, 2014.

Related entities Quality Lease Rental Service, LLC, Quality Lease
Service, LLC, and Rocaceia, LLC also sought bankruptcy protection
(Case Nos. 14-60075 to 14-60077).

The cases are assigned to Judge David R Jones.

The Debtors have tapped Walter J Cicack, Esq., at Hawash Meade
Gaston Neese & Cicack LLP, in Houston, as counsel.


QUANTUM FUEL: Amends $75 Million Securities Prospectus
------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., had amended its
registration statement on Form S-3 relating to the offer and sale,
from time to time, of common stock, preferred stock, debt
securities, warrants, rights, and a combination thereof for a
maximum amount of $75,000,000.  The Company amended the
Registration Statement to delay its effective date.

The Company's common stock is quoted on The NASDAQ Capital Market
under the symbol "QTWW."  The last reported sale price of the
Company's common stock on Oct. 16, 2014, was $4.01 per share.
Each prospectus supplement will indicate if the securities offered
thereby will be listed on any securities exchange.

A full-text copy of the Amended Form S-3/A prospectus is available
for free at http://is.gd/iD6lSD

                         About Quantum Fuel

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

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


RADIOSHACK CORP: Again Denies Defaulting on Loan
------------------------------------------------
Chelsey Dulaney, writing for The Wall Street Journal, reported
that RadioShack Corp. again denied that it has defaulted on a loan
from its term lenders, less than a week after the struggling
electronics chain initially disputed the allegations as "wrong and
self-serving."

According to the report, the lenders -- Salus Capital Partners and
Cerberus Capital Management -- a year ago provided a $250 million
lifeline that helped keep RadioShack in business.  They now say
RadioShack defaulted on the loan when it secured a separate credit
line in October, but RadioShack said it doesn't believe the
lenders' demand for immediate payment has any merit, the Journal
related.

                   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 93.88 cents-on-the-
dollar during the week ended Friday, December 5, 2014 according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents an increase of 0.25
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.


SAMUEL WYLY: Church Wins Chance to Fight for $20,000 Claim
----------------------------------------------------------
Erik Larson at Bloomberg News reports that U.S. Bankruptcy Judge
Barbara Houser has ruled in favor of the Third Church of Christ,
Scientist, giving the church a chance to recover a scrap of Samuel
Wyly's remaining fortune in bankruptcy.

As reported by the Troubled Company Reporter on Nov. 20, 2014,
Bloomberg News reported that the Church accused the U.S.
Securities and Exchange Commission and the Internal Revenue
Service of trying to silence smaller creditors that can't match
the government's "unlimited" legal resources.  The Church claims
that the Debtor owes it $20,000, under a 2010 pledge to donate
$100,000 over five years.  The Church also wants a formal
committee of unsecured creditors formed to give them a stronger
voice against the SEC.  The government, according to Bloomberg
News, objected, claiming that it "will unnecessarily waste
resources and dissipate assets that should be used to pay creditor
claims,"  and that the Church and a charitable organization that
wants to be on the committee, the Thanks-Giving Foundation, are
ineligible.

Bloomberg News relates that Judge Houser ruled on Dec. 2, 2014,
that the U.S. Trustee improperly barred the Church and the Thanks-
Giving Foundation from forming a committee.

                        About Samuel Wyly

Samuel Wyly filed for Chapter 11 bankruptcy protection on Oct. 19,
2014, weeks after a judge ordered him to pay several hundred
million dollars in a civil fraud case.  In September, a federal
judge ordered Mr. Wyly and the estate of his deceased brother to
pay more than $300 million in sanctions after they were found
guilty of committing civil fraud to hide stock sales and nab
millions of dollars in profits.

The case is In re Samuel E. Wyly, 14-35043, U.S. Bankruptcy Court,
Northern District of Texas (Dallas).


SAN ANGELO COLTS: US Trustee Wants Dismissal of Chapter 11 Case
---------------------------------------------------------------
Matt McDaniel at Sanangelolive.com reports that U.S. Trustee
William T. Neary has filed with the U.S. Bankruptcy Court for the
Northern District of Texas a motion to dismiss San Angelo Colts
Baseball Club, LLC's Chapter 11 case "with prejudice", or convert
it to Chapter 7 for noncompliance with bankruptcy procedures.

According to Sanangelolive.com, the U.S. Trustee claims that "the
Debitor has failed to file monthly operating reports and failed to
provide the United States Trustee with tax returns, proof of
insurance, and proof of a debtor-in-possession bank account."

Sananglive.com recalls that the Debtor filed for Chapter 11
bankruptcy when 1st Community Federal Credit Union, its primary
creditor, sought to foreclose on Foster Field, the 4,000 seat ball
park which sits on land owned by Angelo State University.  The
report says that the team agreed in the initial proceedings to
produce a disclosure statement and financial plan by Dec. 27,
2014, which must be confirmed by the Court by Feb. 10, 2015.
According to the report, the U.S. Trustee claims in his motion
that the Debtor failed to provide any of the agreed upon
documents.

The Debtor, says Sanangelolive.com, has until Dec. 26, 2014, to
file a response to the U.S. Trustee's motion.  Carlos Silva Jr. at
Gosanangelo.com mentions that a tentative hearing is set for Jan.
22, 2015, at 1:15 p.m.

San Angelo Colts Baseball Club, LLC, headquartered in Dallas,
Texas, filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Tex. Case No. 14-33199) on July 1, 2014.  In its bankruptcy
petition, the Debtor estimated its assets at up to $50,000, versus
estimated liabilities of between $1 million and $10 million.  The
petition was signed by John Bryant, manager.

Eric A. Liepins, Esq., at Eric A. Liepins, P.C., serves as the
Debtor's bankruptcy counsel.


SCRUB ISLAND: Wants Evidence on Confirmation and Action Merged
--------------------------------------------------------------
Scrub Island Development Group Limited, et al., ask the Bankruptcy
Court to consolidate consideration of evidence presented in
support of confirmation of the Chapter 11 Plan and the Lender
Liability Action with the Declaratory Action with respect to the
SIDG and FirstBank Puerto Rico.

On Oct. 31, 2014, FirstBank sought a declaration related to rights
of FirstBank and SIDG under that certain agreement for purchase
and sale dated Dec. 24, 2012, among FirstBank, SIDG, and Scrub
Island Utility (BVI) Ltd.  FirstBank sought a declaration that the
FirstBank Option Agreement is not executory.

The Court is hearing evidence related to confirmation of the First
Amended Joint Plan of Reorganization of the Debtors, and related
to Adversary Proceeding Number 8:14-ap-534 MGW.

The Debtors explain that the relief would avert a waste of
judicial resources, unnecessary costs and delay, and the potential
for inconsistent results in connection with confirmation and the
adversaries.

                         About Scrub Island

Scrub Island Development Group Ltd., the owner of a British Virgin
Islands luxury resort, and its affiliate, Scrub Island
Construction Limited, sought bankruptcy protection (Bankr. M.D.
Fla. Case Nos. 13-15285 and 13-15286) on Nov. 19, 2013, to end a
receivership Scrub Island claims was secretly put in place by its
lender.  The bankruptcy case is assigned to Judge Michael G.
Williamson.

The 230-acre resort operates as a Marriott Autograph Collection
property.  It has 52 rooms and suites, a spa and a 55-slip marina.

Scrub Island Development Group scheduled $125,569,235 in total
assets and $130,695,731 in total liabilities.

The Debtors are represented by Charles A. Postler, Esq., and
Harley E. Riedel, Esq., at Stichter, Riedel, Blain & Prosser, in
Tampa, Florida.

FirstBank Puerto Rico, the prepetition secured lender, is
represented by W. Keith Fendrick, Esq., at Holland & Knight LLP,
in Tampa, Florida.

The Debtors are represented by Charles A. Postler, Esq., and
Harley E. Riedel, Esq., at Stichter, Riedel, Blain & Prosser, in
Tampa, Florida.

FirstBank Puerto Rico, the Debtor's prepetition secured lender, is
represented by W. Keith Fendrick, Esq., at Holland & Knight LLP,
in Tampa, Florida.

The Official Committee of Unsecured Creditors appointed in Scrub
Island's cases has retained Robert B. Glenn, Esq., Edwin G. Rice,
Esq., and Victoria D. Critchlow, Esq., at Glenn Rasmussen, P.A.,
as general counsel.


SEA SHELL: Authorized to Sell Real Property at 700 Gulf Breeze
--------------------------------------------------------------
U.S. Bankruptcy Judge William S. Shulman authorized Sea Shell
Collections, LLC, to sell the real property located at 700 Gulf
Breeze Parkway, Santa Rosa County, Florida consisting of
approximately 0.8 acres.

The Court also ordered that a portion of the first-priority
mortgage of Stabilis Master Fund III, LLC will be paid at the
closing of the transaction.  Upon the payment, Stabilis is
directed to execute a customary release, in recordable form, of
any and all of its liens on the subject property.

Upon the closing of the sale transaction, the back rent being held
by Panera Bread Company will be paid as: (i) $23,850 will be paid
to Durney Properties, as leasing agent; (ii) $11,925 will be paid
to Trademark Properties, a leasing agent; and, (iii) $9,433 will
be paid to Stabilis to be applied as permitted under its first
priority mortgage and related loan documents.

                   About Sea Shell Collections

Sea Shell Collections, LLC, owner of a Publix-Anchored shopping
Center development located in Gulf Breeze, Florida, at the
northeast corner of Highway 98 and Daniel Drive, filed a Chapter
11 bankruptcy petition (Bankr. N.D. Fla. Case No. 14-30813) on
July 29, 2014.

Judge William S. Shulman presides over the case.  Helmsing, Leach,
Herlong, Newman & Rouse, P.C., serves as the Debtor's counsel.

The Debtor disclosed $23,354,955 in assets and $25,121,011 in
liabilities in its schedules.


SEARS HOLDINGS: Reports $628 Million Net Loss for Third Quarter
---------------------------------------------------------------
Sears Holdings Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $628 million on $7.20 billion of revenues for the 13
weeks ended Nov. 1, 2014, compared to a net loss of $547 million
on $8.27 billion of revenues for the 13 weeks ended Nov. 2, 2013.

For the 39 weeks ended Nov. 1, 2014, the Company reported a net
loss of $1.65 billion on $23.09 billion of revenues compared to a
net loss of $966 million on $25.59 billion of revenues for the 39
weeks ended Nov. 2, 2013.

As of Nov. 1, 2014, the Company had $15.16 billion in total
assets, $15.04 billion in total liabilities and $126 million in
total equity.

As a result of the Sears Canada rights offering, the Company no
longer consolidates the results of Sears Canada as of Oct. 16,
2014.  As such, the financial position as of the third quarter
2014 does not include Sears Canada.

The Company had cash balances of $326 million at Nov. 1, 2014,
compared with $384 million (domestic only) at Nov. 2, 2013, and
$577 million (domestic only) at Feb. 1, 2014.

"We remain intently focused on delivering an unparalleled
integrated retail experience for our customers through Shop Your
Way and above all, returning Sears Holdings to profitability,"
said Edward S. Lampert, Sears Holdings' Chairman and chief
executive officer.  "During the quarter, we unveiled or expanded
several Integrated Retail customer initiatives, which helped drive
online and multi-channel sales.  Our members are responding to our
transformation, and we are encouraged by the year-over-year
domestic Adjusted EBITDA trends, which mark a positive departure
from the prior six quarters.  At the same time, we continue to
enhance the Company's capital structure and liquidity to support
our transformation into an integrated membership-focused company."

Rob Schriesheim, Sears Holdings' chief financial officer, said,
"Over the past several months, we have taken a number of actions
to enhance our financial flexibility, support our operations
during the upcoming holiday and post-holiday season, and meet our
obligations.  We have proven that we are an asset-rich enterprise
with multiple levers at our disposal to generate financial
flexibility, while creating shareholder value.  In total, the
actions we have taken have generated $2.2 billion in liquidity in
fiscal 2014 thus far.  We will continue to strategically monetize
assets and manage our resources more efficiently in order to
redeploy capital in support of the transformation."

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

                        http://is.gd/Y35Vos

                            About Sears

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

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

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

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

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

                            *     *     *

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

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

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

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


SEVEN ARTS: Appoints New Chief Financial Officer
------------------------------------------------
Seven Arts Entertainment Inc. had appointed Ms. Rachel Boulds as
the Company's new chief financial officer effective Dec. 1, 2014.

Prior to joining the Company, Ms. Boulds has been engaged in
private practice as an accountant and consultant.  Ms. Boulds
specializes in preparation of full disclosure financial statements
for public companies to comply with GAAP and SEC requirements.
From August 2004 through July 2009, she was employed as an audit
senior for HJ & Associates, LLC, where she performed audits and
reviews for public and private companies, including the review of
financial statements to comply with GAAP and SEC requirements.
From 2003 through 2004, Ms. Boulds was employed as an audit senior
for Mohler, Nixon and Williams.  From September 2001, through July
2003, Ms. Boulds worked as an ABAS associate for
PriceWaterhouseCoopers.  From April 2000 through February 2001,
she was employed an eCommerce accountant for the Walt Disney
Group's GO.com division.  Ms. Boulds holds a B.S. in accounting
from San Jose State University, 2001 and is licensed as a CPA in
the state of Utah.

The Company's Board of Directors also approved an engagement
agreement with Ms. Boulds, which is effective as of Dec. 1, 2014.
The Agreement is for a term of 2 years and provides for (i) a
monthly fee of $1,250 plus $750 worth of the Company's common
stock for the first six months of services; (ii) a monthly fee of
$1,500 plus $500 worth of the Company's common stock for the next
six months of services and; (iii) a monthly fee of $2,000 plus
$250 worth of the Company's common stock for the following year of
services.

"I am pleased at this opportunity to join Seven Arts management
team," Ms. Boulds stated.  "I look forward to working with Seven
Arts directors and management team to execute on Seven Arts future
business plan and vision."

"We welcome Rachel to our management team," said Rick Bjorklund,
Chairman and CEO of Seven Arts.  "With her financial background
and experience, Rachel will position Seven Arts in a leadership
role to disseminate our financial statements in a timely fashion."

The Company also announced the resignation of Mr. Robert La Salle,
its former chief financial officer.  "We wish Mr. La Salle all the
best in his future endeavors," the Company said.

                          About Seven Arts

Los Angeles-based Seven Arts Entertainment, Inc. (OTC QB: SAPX)
was founded in 2002 as an independent motion picture production
and distribution company engaged in the development, acquisition,
financing, production and licensing of theatrical motion pictures
for exhibition in domestic (i.e., the United States and Canada)
and foreign theatrical markets, and for subsequent worldwide
release in other forms of media, including home video and pay and
free television.

The Hall Group, CPAs, in Dallas, Texas, expressed substantial
doubt about the Company's ability to continue as a going concern
following the financial results for the year ended June 30, 2013,
citing the Company's recurring losses from operations and net
capital deficiency.

The Company reported a net loss of $22.42 million on $1.52 million
of total revenue for the fiscal year ended June 30, 2013, compared
with a net loss of $11.15 million on $4.06 million of total
revenue in 2012.


SIMPLEXITY LLC: Asks Court to Approve Settlement With Fifth Third
-----------------------------------------------------------------
Simplexity LLC and its official committee of unsecured creditors
are asking the U.S. Bankruptcy Court in Delaware to approve a
settlement of claims between the company and Fifth Third Bank.

The bank, which serves as agent for lenders that provided a
$45 million loan to Simplexity, holds a $32 million claim while
the company holds what is known in legal parlance as "causes of
action."

Under the deal, Simplexity will release its claims against Fifth
Third while the bank's claim on account of the pre-bankruptcy loan
will be allowed.

The settlement will be effectuated through amendments to the
bankruptcy court's order that approved a $2.1 million financing to
get Simplexity through bankruptcy.

The loan will be increased from $2.1 million to $3.725 million,
according to the agreement.  About $1.5 million of the carve-out
from Fifth Third's cash collateral will be used for administrative
expenses.  Meanwhile, $125,000 will be turned over to a trustee,
who will be appointed when the company's Chapter 11 case is
converted to a Chapter 7 liquidation, to fund the prosecution of
claims.

After the case is converted, the first $1 million recovered from
claims will be used to reimburse creditors holding administrative
claims, according to the agreement.

U.S. Bankruptcy Judge Kevin Gross will consider approval of the
proposed settlement at a hearing on Dec. 10, at 10:00 a.m.
(Eastern Time).  Objections are due by Dec. 9, at 4:00 p.m.
(Eastern Time).

Simplexity and the unsecured creditors' committee previously
proposed a Dec. 8 deadline for filing objections to the
settlement, which drew opposition from the U.S. trustee, the
Justice Department's bankruptcy watchdog.  The U.S. trustee had
complained that the company did not give its creditors enough time
to prepare objections to a settlement agreement that would decide
the "substantive outcome" of its bankruptcy case.  The agency also
raised objections, which the unsecured creditors' committee
described as "premature," according to court filings.

                         About Simplexity

Simplexity, LLC, a defunct cellphone activator, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No.
14-10569) on March 16, 2014.  The case is before Judge Kevin
Gross.  The Debtors' counsel is Kenneth J. Enos, Esq., and Robert
S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in
Wilmington, Delaware.  Prime Clerk LLC serves as claims and
noticing agent.  Simplexity hired Rutberg & Co. as investment
banker.

Simplexity LLC and Simplexity Services LLC both estimated
$10 million to $50 million in assets, and $50 million to $100
million in liabilities.

The U.S. Trustee for Region 3 appointed five members to an
official committee of unsecured creditors.  Peter S. Partee, Sr.,
Esq., and Michael P. Richman, Esq., at Hunton & Williams LLP, in
New York; and Christopher A. Ward, Esq., and Shanti M. Katona,
Esq., at Polsinelli PC, in Wilmington, Delaware, represent the
Committee.


SIMPLEXITY LLC: Inks Deal with Lender on Ch. 7 Conversion
---------------------------------------------------------
Simplexity, LLC, et al., and the Official Committee of Unsecured
Creditors asked the U.S. Bankruptcy Court for the District of
Delaware to approve a stipulation with Fifth Third Bank, in its
capacity as DIP Agent and Prepetition Senior Secured Agent, which
settlement provides an exit strategy that will move the Chapter 11
cases to a Chapter 7 liquidation.

The settlement, according to court papers, also provides for:

   (a) increased funding of the administrative expenses
       incurred in the prosecution of the Chapter 11 cases and the
       sale under Section 363 of the Bankruptcy Code;

   (b) additional priority recoveries (the first $1 million) from
       future claims recoveries in order to further reimburse the
       estates' administrative creditors; and

   (c) a significant compromise of rights to recover future
       distributions after the first $1 million, so that general
       unsecured creditors will obtain distributions at the same
       time as Fifth Third under an agreed sharing formula.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the proposed settlement provides for a release
of the company's causes of action against Fifth Third and
allowance of the bank's claims, in exchange for the estate's
immediate access to an additional $1.65 million of post-bankruptcy
cash, with $1.5 million designated to cover unpaid Chapter 11
administrative expenses.

The Bloomberg report related that, according to the committee
chair, the split on the remainder of litigation recoveries -- with
65 percent for Fifth Third and 35 percent for unsecured creditors
-- is reasonable because it eliminates litigation risk with the
bank and provides a "clean platform" for general unsecured
creditors to obtain a distribution.

                         About Simplexity

Simplexity, LLC, a defunct cellphone activator, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No.
14-10569) on March 16, 2014.  The case is before Judge Kevin
Gross.  The Debtors' counsel is Kenneth J. Enos, Esq., and Robert
S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in
Wilmington, Delaware.  Prime Clerk LLC serves as claims and
noticing agent.  Simplexity hired Rutberg & Co. as investment
banker.

Simplexity LLC and Simplexity Services LLC both estimated
$10 million to $50 million in assets, and $50 million to $100
million in liabilities.

The U.S. Trustee for Region 3 appointed five members to an
official committee of unsecured creditors.  Peter S. Partee, Sr.,
Esq., and Michael P. Richman, Esq., at Hunton & Williams LLP, in
New York; and Christopher A. Ward, Esq., and Shanti M. Katona,
Esq., at Polsinelli PC, in Wilmington, Delaware, represent the
Committee.


SIMPLEXITY LLC: Has Until Jan. 12 to Propose Ch. 11 Plan
--------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware extended Simplexity, LLC, et al.'s exclusive plan filing
period until Jan. 12, 2015, and their exclusive plan solicitation
period until March 13, 2015.

In support of their extension request, the Debtors' counsel,
Justin P. Duda, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware, told the Court that in light of its recent
order threatening the conversion of the Debtors' cases to Chapter
7 unless a settlement is negotiated between the Official Committee
of Unsecured Creditors and Fifth Third Bank, the Debtors and other
parties-in-interest are discussing the potential settlement of
certain causes of action and the consensual resolution of the
Chapter 11 cases.  The outcome of those negotiations will help
determine the roadmap for the future of the Chapter 11 cases, one
possibility being a Chapter 11 plan.  If necessary, the extension
requested will allow the Debtors and the other parties-in-interest
to negotiate and file a plan incorporating a resolution reached
among the parties.

                         About Simplexity

Simplexity, LLC, a defunct cellphone activator, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No.
14-10569) on March 16, 2014.  The case is before Judge Kevin
Gross.  The Debtors' counsel is Kenneth J. Enos, Esq., and Robert
S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in
Wilmington, Delaware.  Prime Clerk LLC serves as claims and
noticing agent.  Simplexity hired Rutberg & Co. as investment
banker.

Simplexity LLC and Simplexity Services LLC both estimated
$10 million to $50 million in assets, and $50 million to $100
million in liabilities.

The U.S. Trustee for Region 3 appointed five members to an
official committee of unsecured creditors.  Peter S. Partee, Sr.,
Esq., and Michael P. Richman, Esq., at Hunton & Williams LLP, in
New York; and Christopher A. Ward, Esq., and Shanti M. Katona,
Esq., at Polsinelli PC, in Wilmington, Delaware, represent the
Committee.


SNTECH INC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Sntech, Inc.
        c/o Gordon Silver
        One East Ashing St., Suite 400
        Phoenix, AZ 85004

Case No.: 14-17914

Chapter 11 Petition Date: December 4, 2014

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

Judge: Hon. Eddward P. Ballinger Jr.

Debtor's Counsel: Teresa M Pilatowicz, Esq.
                  GORDON SILVER
                  1 East Washington Street, Suite 400
                  Phoenix, AZ 85004
                  Tel: 602-256-0400
                  Fax: 602-256-0345
                  E-mail: tpilatowicz@gordonsilver.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Shannon Bard, chief executive officer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/azb14-17914.pdf


SOLAR POWER: Acquires Sinsin Renewable for $91.8 Million
--------------------------------------------------------
Solar Power, Inc., on Dec. 1, 2014, completed the acquisition of
all the outstanding capital stock, including 99,999 Ordinary "A"
shares and 1 Ordinary "B" share, of Sinsin Renewable Investment
Limited, a limited liability company registered in Malta, from
Sinsin Europe Solar Asset Limited Partnership and Sinsin Solar
Capital Limited Partnership, according to a regulatory filing with
the U.S. Securities and Exchange Commission.

Sinsin engages in the development, acquisition, management and
operation of projects, plants, factories, warehouses, stores and
facilities that produce alternative energy and the distribution,
supply and sale of such alternative energy, through a 26.57-
megawatt photovoltaic plant in Greece.

The aggregate consideration to acquire all the outstanding capital
stock of Sinsin was EUR70.7 million (approximately $91.8 million),
70% of which was settled with cash and the remaining 30% was paid
with 38,174,915 shares of the Company's common stock.  The
Purchase Price Shares are subject to a lock-up period for three
months.  In addition, a loan of EUR 68.4 million (approximately
$88.9 million) extended from one of Sinsin Sellers, Sinsin Europe
Solar Asset Limited Partnership, to Sinsin was deemed settled in
full on the Closing Date.

                          About Solar Power

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

Solar Power reported a net loss of $32.24 million in 2013
following a net loss of $25.42 million in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $112.85
million in total assets, $61.18 million in total liabilities and
$51.67 million in total stockholders' equity.

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


TEHACHAPI REDEVELOPMENT: S&P Raises TABs Rating to BB+
------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its
underlying rating (SPUR) on the Tehachapi Redevelopment Agency,
Calif.'s series 2005 and 2007 tax allocation bonds two notches to
'BB+' from 'BB-'.  The outlook is stable.

"The upgrade and the stable outlook reflect improved cash
management practices and partial replenishment of reserve funds,"
said Standard & Poor's credit analyst Michael Stock.

"The rating is based on our view of the district's historical use
of its debt service reserve fund (DSRF) due to cash management
challenges," he added.  Another factor is its above-average base-
to-total assessed value (AV) volatility ratio of 0.46, reflecting
sensitivity of tax-increment revenues to changes in overall AV.

Moderating factors include a moderately large project area base
(1,961 acres), made up primarily of commercial and residential
taxpayers and stabilizing AV.

The bonds are secured by tax-increment revenues collected from the
agency's Tehachapi Redevelopment Project area and include the 20%
set-asides for low- and moderate-income housing.

"The stable outlook reflects management's prioritizing bond debt
service prior to its obligations on the loan to the city and
reserving for principal and stabilization in AV.  An upgrade is
possible over the next year with continued AV growth and ongoing
cash management procedures that match the requirements of the
indenture and continued replenishment of the DSRF.  Should AV
suddenly decrease or should management change its cash management
practices, we could lower the rating."


TERESA GIUDICE: 'Real Housewives' Star Sues Former Lawyer
---------------------------------------------------------
Melanie Cohen, writing for The Wall Street Journal, reported that
"Real Housewives of New Jersey" star Teresa Giudice is suing her
ex-lawyer, alleging it's his fault she's going to prison.
According to the Journal, citing the New York Daily News, the
reality-TV personality is suing her former lawyer, James Kridel,
for $5 million, claiming it's his fault she's going to prison,
saying he messed up her and husband Joe's 2009 bankruptcy filing
and of later making faulty amendments to the documents.

                       About the Giudices

In June 2010, Teresa Giudice, who portrays a role in Real
Housewives of New Jersey, and her husband, Joe, filed for
bankruptcy under Chapter 11 in the U.S. Bankruptcy Court in New
Jersey.  The Giudices owe creditors $10.85 million.

Chapter 7 trustee John Sywilok sued the Giudices.  The suit
claimed that the Debtors concealed key documents about their
finances and business transactions.  Mr. Sywilok also accused the
couple of making false statements under oath about their assets,
income and expenses.


TIBCO SOFTWARE: Bank Debt Trades at 3% Off
------------------------------------------
Participations in a syndicated loan under which TIBCO Softwareis a
borrower traded in the secondary market at 97.30 cents-on-the-
dollar during the week ended Friday, December 5, 2014 according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a decrease of 0.62
percentage points from the previous week, The Journal relates.
TIBCO Software pays 550 basis points above LIBOR to borrow under
the facility.  The bank loan matures on Nov. 18, 2020, and carries
Moody's B1 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.


TITAN ENERGY: PTES Acquisition Holds 94.8% Stake as of Nov. 24
--------------------------------------------------------------
In a Schedule 13D filed with the U.S. Securities and Exchange
Commission, Pioneer Power Solutions, Inc., and PTES Acquisition
Corp. disclosed that as of Nov. 24, 2014, they beneficially owned
1,637,709,734 shares of common stock of Titan Energy Worldwide,
Inc.  Pioneer Power is the sole shareholder of PTES Acquisition
Corp. and may be deemed to beneficially own securities owned by
PTES Acquisition Corp.

As of Dec. 2, 2014, PTES Acquisition Corp. entered into purchase
agreements to acquire 283.5 shares of the Series D Convertible
Preferred Stock from 19 individual holders of those shares, of
which the acquisition of 176 shares of the Series D Convertible
Preferred Stock has closed on Dec. 2, 2014.  Each share of Series
D Convertible Preferred Stock is convertible into 1,367,583 shares
of common stock of the Company.

Concurrently with the acquisition of the Series D Convertible
Preferred Stock from third party holders, PTES Acquisition Corp.
acquired 100 shares of newly issued Series A-1 Convertible
Preferred Stock from the Company.  Each share of Series A-1
Convertible Preferred Stock is convertible into 12,500,000 shares
of common stock of the Issuer (subject to adjustments).  In
addition, as a condition to the acquisition of the Series A-1
Convertible Preferred Stock, the existing sole member of the board
of directors of the Company agreed to resign as a director and
appoint Nathan J. Mazurek, the chief executive officer of Pioneer
Power Solutions, Inc., as the sole director of the Company.

As a result of the acquisition, effective on or around Dec. 13,
2014, of the Series D Convertible Preferred Stock and the Series
A-1 Convertible Preferred Stock, the Reporting Persons
beneficially owned 94.8% of the Company's outstanding shares of
common stock.  As a result of those acquisitions and Mr. Mazurek's
appointment to the Company's board of directors as its sole
member, the Reporting Persons may be deemed to control Titan
Energy.

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

                        http://is.gd/GpOqp7

                         About Titan Energy

New Hudson, Mich.-based Titan Energy Worldwide, Inc., is a
provider of onsite power generation, energy management and energy
efficiency products and services.

Titan Energy reported net profit of $108,215 on $21.89 million of
net sales for the year ended Dec. 31, 2013, as compared with a net
loss of $1.65 million on $19.15 million of net sales during the
prior year.

The Company's balance sheet at March 31, 2014, showed $6.15
million in total assets, $10.30 million in total liabilities and a
$4.15 million total stockholders' deficit.

"The Company believes it can be profitable for the year 2014 as
some of the factors that created the loss were due to extreme
weather conditions and Management believes it has put into place
new processes and procedures that should mitigate the impact of
these types of conditions in the future.  In addition, the Company
is in the process of restructuring its balance sheet.  If
successful, this should allow the Company to gain access to
capital at a reduced rate.  However, the accumulated deficit and
the notes that are in default raise substantial doubt as to the
Company's ability to continue as a going concern," the Company
stated in the Form 10-Q for the period ended March 31, 2014.


TRUMP ENTERTAINMENT: Wants Until April 7 to Remove Actions
----------------------------------------------------------
Trump Entertainment Resorts, Inc., et al., ask the Bankruptcy
Court to extend until April 7, 2015, the period to remove actions
pursuant to Section 1452 of the Bankruptcy Code.  The Court will
convene a hearing on Dec. 19, at 10:00 a.m., to consider the
matter.  Objections, if any, are due Dec. 10, at 4:00 p.m.

               About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on
Sept. 9, 2014, with plans to shutter its casinos.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, 2014, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13, 2104.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.

The U.S. Trustee for Region 3 on Sept. 23 appointed seven
creditors of Trump Entertainment Resorts, Inc., to serve on the
official committee of unsecured creditors.  The Committee tapped
Gibbons P.C. as its co-counsel, the Law Office of Nathan A.
Schultz, P.C., as co-counsel, and PricewaterhouseCoopers LLP as
its financial advisor.


TRUSTEES OF CONNEAUT: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Trustees of Conneaut Lake Park, Inc.
        12382 Center Street
        Conneaut Lake, PA 16316

Case No.: 14-11277

Chapter 11 Petition Date: December 4, 2014

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Erie)

Judge: Hon. Thomas P. Agresti

Debtor's Counsel: George T. Snyder, Esq.
                  STONECIPHER LAW FIRM
                  125 First Avenue
                  Pittsburgh, PA 15222
                  Tel: 412-391-8510
                  Fax: 412-391-8522
                  E-mail: gsnyder@stonecipherlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by William L. Bragg, chairman of the
Board.

A copy of the list of the Debtor's 20 largest unsecured creditors
is available for free at http://bankrupt.com/misc/pawb14-11277.pdf


UNI-PIXEL INC: Files Copy of Presentation Materials With SEC
------------------------------------------------------------
Uni-Pixel, Inc., hosted an analyst day at the Eastman Kodak
Company facility located in Rochester, New York, on Dec. 4, 2014,
according to a regulatory filing with the U.S. Securities and
Exchange Commission.  A copy of the Power Point presentation the
Company gave is available for free at http://is.gd/1CFbb0

                        About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company
delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel reported a net loss of $15.18 million in 2013, a net
loss of $9.01 million in 2012 and a net loss of $8.56 million in
2011.

The Company's balance sheet at Sept. 30, 2014, showed $39.44
million in total assets, $5.25 million in total liabilities and
$34.18 million in total shareholders' equity.


UPC BROADBAND: Bank Debt Trades at 2% Off
-----------------------------------------
Participations in a syndicated loan under which UPC Broadband
Holding is a borrower traded in the secondary market at 97.88
cents-on-the-dollar during the week ended Friday, December 5, 2014
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents a decrease
of 0.58 percentage points from the previous week, The Journal
relates.  UPC Broadband Holding pays 250 basis points above LIBOR
to borrow under the facility.  The bank loan matures on June 1,
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.


VARIANT HOLDING: Gets Final OK to Incur $10 Million Financing
-------------------------------------------------------------
The Bankruptcy Court, in a final order, authorized Variant Holding
Company, LLC, to obtain postpetition financing in the form of a
senior secured superpriority term loan in an aggregate principal
amount of $10,000,000, from BPC VHI, L.P., Beach Point Total
Return Master Fund, L.P. and Beach Point Distressed Master fund,
L.P., through Cortland Capital Market Services LLC as
administrative agent for the Beach Point Funds.

The Court also entered an order authorizing the Debtor to use cash
collateral.  The Debtor is authorized to grant the lenders
replacement liens in all prepetition property and superpriority
administrative expense claim status, subject to carve out on
certain expenses.

                      About Variant Holding

Variant Holding Company, LLC, commenced bankruptcy proceedings
under Chapter 11 of the U.S. Bankruptcy Code in Delaware (Case No.
14-12021) on Aug. 28, 2014, without stating a reason.

Tucson, Arizona-based Variant Holding estimated $100 million to
$500 million in assets and less than $100 million in debt.

The Debtor has tapped Peter J. Keane, Esq., at Pachulski Stang
Ziehl & Jones LLP, as counsel.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding
Company, LLC, Walkers Dream Trust, and Variant Royalty Group, LP,
signed the resolution authorizing the bankruptcy filing.




VEHICLE RESEARCH: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Vehicle Research and Development, Inc.
        3863 Van Dyke Road
        Almont, MI 48003-0846

Case No.: 14-33260

Chapter 11 Petition Date: December 5, 2014

Court: United States Bankruptcy Court
       Eastern District of Michigan (Flint)

Judge: Hon. Daniel S. Opperman

Debtor's Counsel: Elias Xenos, Esq.
                  THE XENOS LAW FIRM, PLC
                  1821 W. Maple Road
                  Birmingham, MI 48009
                  Tel: (248) 812-9495
                  Fax: (248) 498-6272
                  E-mail: etx@XenosLawFirm.Com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Larry R. Bruzzese, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mieb14-33260.pdf


VICTORY ENERGY: Reports $660,000 Net Loss for Third Quarter
-----------------------------------------------------------
Victory Energy Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $659,583 on $173,527 of oil and gas revenues for the
three months ended Sept. 30, 2014, compared to a net loss of
$380,526 on $244,848 of oil and gas revenues for the same period a
year ago.

For the nine months ended Sept. 30, 2014, the Company reported net
income of $192,087 on $606,487 of oil and gas revenues compared to
a net loss of $1.21 million on $500,526 of oil and gas revenues
for the same period last year.

As of Sept. 30, 2014, the Company had $5.48 million in total
assets, $2.44 million in total liabilities and $3.04 million in
total stockholders' equity.

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

                        http://is.gd/YNOqHx

                        About Victory Energy

Austin, Texas-based Victory Energy Corporation is engaged in the
exploration, acquisition, development and exploitation of domestic
oil and gas properties.  Current operations are primarily located
onshore in Texas, New Mexico and Oklahoma.

Victory Energy reported a net loss of $2.11 million on $735,413 of
total revenues for the year ended Dec. 31, 2013, as compared with
a net loss of $7.09 million on $326,384 of total revenues in 2012.

Weaver & Tidwell, LLP, in Fort Worth, Texas, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has experienced recurring losses since its
inception and has an accumulated deficit.  These conditions raise
substantial doubt regarding the Company's ability to continue as a
going concern.


VITALGO INC: Case Summary & 14 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: VitalGo, Inc.
        3520 NW 56th St
        Fort Lauderdale, FL 33309-2228

Case No.: 14-36711

Chapter 11 Petition Date: December 5, 2014

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Hon. Raymond B Ray

Debtor's Counsel: Chad T Van Horn, Esq.
                  VAN HORN LAW GROUP, P.A.
                  330 N Andrews Ave #450
                  Ft Lauderdale, FL 33301
                  Tel: 954-765-3166
                  Fax: 954-756-7103
                  E-mail: Chad@cvhlawgroup.com

                    - and -

                  Daniel A Velasquez, Esq.
                  330 N Andrews Ave #450
                  Fort Lauderdale, FL 33301
                  Tel: 954-765-3166
                  Fax: 954-756-7103
                  E-mail: dan@cvhlawgroup.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ohad Paz, president.

A list of the Debtor's 14 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flsb14-36711.pdf


VUZIX CORP: Amends 2.7 Million Common Shares Prospectus
-------------------------------------------------------
Vuzix Corporation filed with the U.S. Securities and Exchange
Commission a post-effective amendment to its registration
statement relating to the public offering of up to 2,764,204
shares of common stock of Vuzix Corporation issuable upon exercise
of outstanding warrants.  The warrants were issued by the Company
pursuant to its public offering which closed on Aug. 5, 2013.  The
warrants have a five year term commencing on the date of issuance
and an exercise price of $2.25 per share.

The Company's common stock is quoted on the OTCQB and trades under
the symbol "VUZI".  The last reported sale price of the Company's
common stock on the OTCQB on Dec. 3, 2014, was $3.50 per share.

A full-text copy of the Amended Prospectus is available at:

                        http://is.gd/Vg7BPb

Vuzix Corporation posted a presentation on the Company's Web site,
a copy of which is available for free at http://is.gd/bpggpT

                      About Vuzix Corporation

Vuzix -- http://www.vuzix.com-- is a supplier of Video Eyewear
products in the consumer, commercial and entertainment markets.
The Company's products, personal display devices that offer users
a portable high quality viewing experience, provide solutions for
mobility, wearable displays and virtual and augmented reality.
Vuzix holds 33 patents and 15 additional patents pending and
numerous IP licenses in the Video Eyewear field.  Founded in 1997,
Vuzix is a public company with offices in Rochester, NY, Oxford,
UK and Tokyo, Japan.

As of Sept. 30, 2014, the Company had $3.94 million in total
assets, $13.91 million in total liabilities and a $9.97 million
total stockholders' deficit.

The Company's independent registered public accounting firm, EFP
Rotenberg, LLP, in Rochester, New York, included in its report on
the consolidated financial statements for the years ended Dec. 31,
2013, and 2012 an explanatory paragraph describing the existence
of conditions that raise substantial doubt about the Company's
ability to continue as a going concern, including continued
operating losses and the potential inability to pay currently due
debts.  The Company has incurred a net loss from continuing
operations consistently over the last 2 years.  The Company
incurred annual net losses from its continuing operations of
$10,146,228 in 2013 and $4,747,387 in 2012, and has an accumulated
deficit of $36,292,532 as of Dec. 31, 2013.  The Company's ongoing
losses have had a significant negative impact on the Company's
financial position and liquidity, EFP Rotenberg said.


WALTER INVESTMENT: Bank Debt Trades at 8% Off
---------------------------------------------
Participations in a syndicated loan under which Walter Investment
Management Corp is a borrower traded in the secondary market at
92.05 cents-on-the-dollar during the week ended Friday, December
5, 2014 according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
a decrease of 0.20 percentage points from the previous week, The
Journal relates.  Walter Investment pays 375 basis points above
LIBOR to borrow under the facility.  The bank loan matures on Dec.
18, 2020, 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.


WISE METALS: S&P Raises Credit Rating to 'B'; Outlook Stable
------------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its long-
term corporate credit rating on Wise Metals Intermediate Holdings
LLC to 'B' from 'B-'.  The outlook is stable.

At the same time, S&P raised its issue rating on the $650 million
senior secured notes issued by Wise Alloys Finance Corp. due 2018
to 'B-' from 'CCC+'.  The recovery rating remains '5'.  S&P also
raised its issue rating on the $150 million senior unsecured
payment-in-kind (PIK) notes due 2019, issued by Wise Holdings
Finance Corp., to 'CCC+' from 'CCC'.  The recovery rating remains
'6'.

The rating action reflects S&P's view that Wise Metals will be a
core subsidiary of French aluminum producer Constellium N.V.
following the acquisition that is expected to close at the
beginning of January 2015.  S&P bases this view on Wise Metals'
size and strategic fit within the Constellium group.  S&P is
therefore aligning the corporate credit rating on Wise Metals with
that on Constellium.

S&P expects Wise Metals' operations to be progressively fully
integrated into the group's business, leading to expected synergy
benefits.  S&P takes into account the companies' complementary
businesses and Constellium's announced strategy of expanding
Wise's production capacities in can sheet and towards more value
added body-in-white products, for which S&P expects both entities
to share the same brand.  As such, S&P expects Wise Metals to
operate more as a division within the group, and that Constellium
will rely on these assets as a strategic platform to support its
development in the North American body-in-white markets.  S&P
expects Constellium to provide support to this subsidiary, even
though there will be no cross-default clause between the two
entities and Wise Metals' bonds are not guaranteed.  Wise Metals'
ratio of adjusted gross debt to EBITDA was high at close to 9.0x
as of Dec 31, 2013, but S&P expects the leverage ratios of Wise
Metals and Constellium to gradually converge as Constellium takes
on debt to fund the acquisition and further capex while S&P
expects Wise Metals' EBITDA to improve.

The stable outlook mirrors that on Constellium.  S&P would raise
or lower the rating on Wise Metals in line with any rating action
on Constellium.


WPX ENERGY: S&P Rates $1.5BB Unsecured Revolver Debt 'BB+'
----------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'BB+'
issue-level rating (same as the corporate credit rating) to the
$1.5 billion unsecured revolving credit facility due 2019 of
Tulsa, Okla.-based oil and gas exploration and production company
WPX Energy Inc.  S&P assigned a '3' recovery rating to this debt,
indicating its expectation of meaningful (50% to 70%) recovery if
a payment default occurs.

S&P views WPX's business risk profile as "fair" and its financial
risk profile as "intermediate".  The ratings incorporate the
company's midsize proved reserve base and production profile, and
its below-average profitability relative to peers given its
natural gas-focused asset base.  However, WPX has been
transitioning to oil from natural gas, which should improve
profitability over the next few years.  The ratings also
incorporate WPX's strong credit-protection measures and S&P's
estimate that the company will outspend cash flow from operations
over the next two years.

WPX Energy Inc. Outlook Revised To Negative From Stable; 'BB+'
Rating Affirmed,
April 9, 2014

RATINGS LIST

WPX Energy Inc.
Corp credit rating                 BB+/Negative

New Ratings
Senior unsecured revolving credit fac        BB+
Recovery rating                              3


ZYNEX INC: Posts $268K Net Income in Third Quarter
--------------------------------------------------
Zynex, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing net
income of $268,000 on $4.4 million of net revenue for the three
months ended Sept. 30, 2014, compared with a net loss of $749,000
on $5.19 million of net revenue for the same period last year.

The Company's balance sheet at Sept. 30, 2014, showed $9.57
million in total assets, $11.36 million in total liabilities, and
a stockholders' deficit of $1.79 million.

The Company reported a net loss of $6.73 million for the nine
months ended Sept. 30, 2014 and $7.34 million for the year ended
Dec. 31, 2013, and has no available borrowings as of Sept. 30,
2014 under its line of credit, which had an outstanding balance of
$4,541 at Sept. 30, 2014.  As a result of the Company losses from
operations, negative operating cash flow, and limited liquidity,
the Company's independent registered public accounting firm's
report on the Company's consolidated financial statements as of
and for the year ended Dec. 31, 2013 includes an explanatory
paragraph discussing that these conditions raise substantial doubt
about the Company's ability to continue as a going concern.

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

                       http://is.gd/ZQ157R

Zynex, Inc., develops, manufactures and markets medical equipment.
The Lone Tree, Colorado-based Company offers electrotherapy
products for home use, cardiac monitoring apparatus for hospital
use, and EMG and EEG diagnostic devices for neurology clinic use.


* SEC Sanctions 8 Audit Firms for Violating Auditor Independence
----------------------------------------------------------------
The Securities and Exchange Commission on Dec. 8 sanctioned eight
firms for violating auditor independence rules when they prepared
the financial statements of brokerage firms that were their audit
clients.

SEC investigations found that the audit firms, which agreed to
settle the cases, generally took data from financial documents
provided by clients during audits and used it to prepare their
financial statements and notes to the financial statements.  Under
auditor independence rules, firms cannot jeopardize their
objectivity and impartiality in the auditing process by providing
such non-audit services to audit clients.  By preparing the
financial statements, these particular firms essentially put
themselves in the position of auditing their own work, and they
inappropriately aligned themselves more closely with the interests
of clients' management teams in helping prepare the books rather
than strictly auditing them.

"To ensure the integrity of our financial reporting system, firms
cannot play the roles of auditor and preparer at the same time,"
said Stephen L. Cohen, Associate Director of the SEC's Division of
Enforcement.  "Auditors must vigilantly safeguard their
independence and stay current on the applicable requirements under
the rules."

The SEC issued orders instituting settled administrative
proceedings against the following firms:

BKD LLP, which is based in Springfield, Mo.
Boros & Farrington Accountancy Corporation, which is based in San
Diego.
Brace & Associates PLLC, which is based in Londonderry, N.H.
Robert Cooper & Company CPA PC, which is based in Chicago.
Lally & Co. LLC, which is based in Pittsburgh.
Lerner & Sipkin CPAs LLP, which is based in New York City.
OUM & Co. LLP, which is based in San Francisco.
Joseph Yafeh CPA Inc., which is based in Los Angeles.

According to the SEC's orders, these firms were not independent of
their broker-dealer audit clients under independence criteria
established by Rule 2-01(c)(4)(i) of Regulation S-X, which Rule
17a-5 of the Securities Exchange Act of 1934 makes applicable to
the audits of broker-dealer financial statements.  The orders find
that the firms (1) violated Rule 17a-5(i) of the Exchange Act, (2)
caused their broker-dealer audit clients to violate Section 17(a)
of the Exchange Act and Rule 17a-5, and (3) engaged in improper
professional conduct pursuant to Exchange Act Section 4C(a)(2) and
Rule 102(e)(1)(ii) of the Commission's Rules of Practice.

The SEC's orders censure each firm and require them to cease and
desist from committing or causing any violations of Exchange Act
Section 17(a) and Rule 17a-5.  The firms, which consented to the
orders without admitting or denying the findings, will
collectively pay $140,000 in penalties and must comply with a
series of remedial undertakings designed to prevent future
violations of these independence requirements.

The SEC's investigations were conducted by Sarah Allgeier, Carolyn
Kurr, Keith O'Donnell, Paul Pashkoff, and Jeffrey Anderson.  The
cases were supervised by C. Joshua Felker and Jennifer Leete.  The
SEC appreciates the assistance of the Public Company Accounting
Oversight Board, which on Dec. 8 announced its own enforcement
actions related to auditor independence rules violations.


* ABI Urges Rule Requiring Impaired Creditor's Plan Vote Dumped
---------------------------------------------------------------
Nick Brown at Reuters reports that the American Bankruptcy
Institute's Commission to Study the Reform of Chapter 11 has
proposed eliminating a rule that at least one impaired creditor
class must vote to accept a company's bankruptcy exit plan for the
plan to be eligible for court approval.

Citing the Commission's co-chairperson, Robert Keach, Reuters
relates that the rule allows savvy investors to stop restructuring
efforts by acquiring the lion's share of a bankrupt company's
debt.

Reuters says that other recommendations include:

      a. decreasing the appointments of official committees to
         represent the interests of unsecured creditors;

      b. the ability for a court to name an estate neutral to help
         resolve creditor disputes; and

      c. a moratorium on asset sales within the first 60 days of a
         case.

According to Reuters, committee member Jack Butler assured that
they are not eliminating creditors' committees, "but there would
be a presumption against" them except where stakeholders can prove
to a court that a committee is in the best interest of creditors.

Reuters relates that the Commission's recommendations won't be
legally binding, though members hope to make a presentation to
Congress.


* American Bankruptcy Institute Offers Ideas to Ease Ch. 11
-----------------------------------------------------------
Dawn McCarty, Laura J. Keller and Kristen Haunss, writing for
Bloomberg News, reported that the American Bankruptcy Institute
has unveiled hundreds of ideas for a "substantial modernization"
of Chapter 11 of the U.S. Bankruptcy Code, following more than two
years' research into ways to fix distressed companies.

According to the Bloomberg report, the ABI's ideas include making
it easier to obtain financing during bankruptcy and creating an
alternative path for small and medium-sized businesses to
reorganize.  The recommendations also address allowing junior
creditors to receive distributions when warranted, the Bloomberg
report said.

Stephen J. Lubben, writing for The New York Times' DealBook,
reported that the ABI's report recommends four basic changes:

   (1) A narrowing of Section 546(e)'s applicability to leveraged
buyouts. Section 546(e) protects "settlement payments," which,
some have argued, protects any challenge to a leveraged buyout if
the money passed through a financial institution.

   (2) A narrowing of the repo safe harbors especially with regard
to mortgage financing. Repos involve a sale of a security with a
promise to buy it back at a slightly higher price. Short-term repo
trades have a long tradition in banking, but in recent years the
broad repo safe harbor has arguably allowed things that formerly
were called secured loans to be recast as repos.

   (3) Conforming the bankruptcy code to the Federal Deposit
Insurance Act and the Dodd-Frank Act's Orderly Liquidation
Authority standards with regard to "walkway" clauses, which impose
penalties on the bankrupt party to a derivatives trade. Under
those two laws, such clauses are not enforceable. But under the
bankruptcy code, they are.

   (4) Making it clear that the safe harbors should not apply to
ordinary supply contracts that don't involve financial
institutions.

Katy Stech, writing for The Wall Street Journal, reported that the
ABI's proposed Chapter 11 reforms propose to take away perks for
lenders who extend bankruptcy loans and to remove protections for
some investors who profited from leveraged buyouts.  The Journal
pointed out that recommended changes would shift power away from a
company's creditors in order to give a reorganizing company a
better shot at survival and changes to the law would make it
easier for a big company to force lenders and other creditors to
accept a reorganization plan even if those groups wouldn't be
fully repaid right away.


* Dorsey & Whitney's Peggy Hunt Named FBA-Utah Chapter President
----------------------------------------------------------------
International law firm Dorsey & Whitney LLP on Dec. 8 disclosed
that Peggy Hunt, a partner in the Firm's Salt Lake City office,
has been named President-Elect of the Federal Bar Association
(FBA)?Utah Chapter.

Ms. Hunt primarily practices before the Federal Courts and has
been involved in the leadership of the Utah Chapter of the FBA
since 2012.  She has 25 years of experience in trial and appellate
court experience in bankruptcy and other matters, including
representation of Chapter 11 trustees in large Ponzi and
securities fraud cases, corporate debtors, committees, and
creditors.  Ms. Hunt also serves on the Panel of Chapter 7
Trustees for the District of Utah and represents receivers
appointed in SEC civil enforcement actions.  She regularly speaks
on topics involving bankruptcy and receivership law, and she is a
Contributing Author for the Collier Bankruptcy Practice Guide.

The FBA was established in 1920 and it is now the largest national
association of lawyers and judges in federal courts.  The FBA
consists of more than 16,000 federal lawyers, including 1,200
federal judges, who work together to promote the sound
administration of justice and integrity, quality and independence
of the judiciary.  Next year, the Utah Chapter and its nearly 350
members will play host to the FBA's annual meeting in September.

"Peggy is dedicated to her colleagues and community, as
demonstrated by her active role in numerous professional and civic
organizations, including the FBA," said Dorsey Managing Partner
Ken Cutler.  "She is a tremendous attorney and leader, and we are
thrilled that she has been named President-Elect of the FBA's Utah
Chapter."

                   About Dorsey & Whitney LLP

Clients have relied on Dorsey since 1912 as a valued business
partner.  With locations across the United States and in Canada,
Europe and the Asia-Pacific region, Dorsey provides an integrated,
proactive approach to its clients' legal and business needs.
Dorsey represents a number of the world's most successful
companies from a wide range of industries, including leaders in
the banking, energy, food and agriculture, health care,
infrastructure, and mining sectors, as well as major non-profit
and government entities.


* Large Companies With Insolvent Balance Sheet
----------------------------------------------

                                              Total
                                             Share-      Total
                                   Total   Holders'    Working
                                  Assets     Equity    Capital
  Company          Ticker           ($MM)      ($MM)      ($MM)
  -------          ------         ------   --------    -------
6D GLOBAL TECHNO   SIXD US           -        (15.1)     (15.1)
ABSOLUTE SOFTWRE   ABT CN          138.4      (12.0)       2.2
ABSOLUTE SOFTWRE   ABT2EUR EU      138.4      (12.0)       2.2
ABSOLUTE SOFTWRE   ALSWF US        138.4      (12.0)       2.2
ABSOLUTE SOFTWRE   OU1 GR          138.4      (12.0)       2.2
ADVANCED EMISSIO   OXQ1 GR         106.4      (46.1)     (15.3)
ADVANCED EMISSIO   ADES US         106.4      (46.1)     (15.3)
ADVENT SOFTWARE    ADVS US         432.9      (76.3)    (106.9)
ADVENT SOFTWARE    AXQ GR          432.9      (76.3)    (106.9)
AIR CANADA         ACEUR EU     10,545.0   (1,400.0)     164.0
AIR CANADA         AIDEF US     10,545.0   (1,400.0)     164.0
AIR CANADA         ADH2 GR      10,545.0   (1,400.0)     164.0
AIR CANADA         ACDVF US     10,545.0   (1,400.0)     164.0
AIR CANADA         AC CN        10,545.0   (1,400.0)     164.0
AIR CANADA         ADH2 TH      10,545.0   (1,400.0)     164.0
AIR CANADA-CL A    ADH TH       10,545.0   (1,400.0)     164.0
AIR CANADA-CL A    ADH GR       10,545.0   (1,400.0)     164.0
AIR CANADA-CL A    AC/A CN      10,545.0   (1,400.0)     164.0
AIR CANADA-CL A    AIDIF US     10,545.0   (1,400.0)     164.0
AIR CANADA-CL B    ADH1 GR      10,545.0   (1,400.0)     164.0
AIR CANADA-CL B    ADH1 TH      10,545.0   (1,400.0)     164.0
ALLIANCE HEALTHC   AIQ US          473.5     (127.3)      62.8
AMC NETWORKS-A     AMCX* MM      3,663.3     (388.0)     659.4
AMC NETWORKS-A     9AC GR        3,663.3     (388.0)     659.4
AMC NETWORKS-A     AMCX US       3,663.3     (388.0)     659.4
AMER RESTAUR-LP    ICTPU US         33.5       (4.0)      (6.2)
AMYLIN PHARMACEU   AMLN US       1,998.7      (42.4)     263.0
ANGIE'S LIST INC   8AL TH          161.0      (39.4)     (22.7)
ANGIE'S LIST INC   8AL GR          161.0      (39.4)     (22.7)
ANGIE'S LIST INC   ANGI US         161.0      (39.4)     (22.7)
ARRAY BIOPHARMA    AR2 GR          135.3      (37.6)      66.2
ARRAY BIOPHARMA    ARRY US         135.3      (37.6)      66.2
ARRAY BIOPHARMA    AR2 TH          135.3      (37.6)      66.2
AUTOZONE INC       AZO US        7,517.9   (1,621.9)    (960.5)
AUTOZONE INC       AZOEUR EU     7,517.9   (1,621.9)    (960.5)
AUTOZONE INC       AZ5 TH        7,517.9   (1,621.9)    (960.5)
AUTOZONE INC       AZ5 GR        7,517.9   (1,621.9)    (960.5)
AVALANCHE BIOTEC   AAVL US         167.2      155.7      161.9
AVALANCHE BIOTEC   AVU GR          167.2      155.7      161.9
AVID TECHNOLOGY    AVID US         197.2     (341.2)    (173.2)
BENEFITFOCUS INC   BTF GR          131.7      (31.2)      34.2
BENEFITFOCUS INC   BNFT US         131.7      (31.2)      34.2
BERRY PLASTICS G   BP0 GR        5,268.0     (101.0)     665.0
BERRY PLASTICS G   BERY US       5,268.0     (101.0)     665.0
BRP INC/CA-SUB V   BRPIF US      1,895.9      (44.8)     133.6
BRP INC/CA-SUB V   B15A GR       1,895.9      (44.8)     133.6
BRP INC/CA-SUB V   DOO CN        1,895.9      (44.8)     133.6
BURLINGTON STORE   BUI GR        2,555.3     (140.1)     102.3
BURLINGTON STORE   BURL US       2,555.3     (140.1)     102.3
CABLEVISION SY-A   CVY GR        6,563.7   (5,068.0)     158.9
CABLEVISION SY-A   CVC US        6,563.7   (5,068.0)     158.9
CABLEVISION-W/I    8441293Q US   6,563.7   (5,068.0)     158.9
CABLEVISION-W/I    CVC-W US      6,563.7   (5,068.0)     158.9
CADIZ INC          2ZC GR           56.0      (49.7)       3.0
CADIZ INC          CDZI US          56.0      (49.7)       3.0
CAESARS ENTERTAI   C08 GR       24,491.5   (3,714.4)   1,363.3
CAESARS ENTERTAI   CZR US       24,491.5   (3,714.4)   1,363.3
CAPMARK FINANCIA   CPMK US      20,085.1     (933.1)       -
CASELLA WASTE      CWST US         656.6       (7.6)     (11.6)
CATALENT INC       CTLT US       3,090.2     (367.3)     234.5
CATALENT INC       0C8 GR        3,090.2     (367.3)     234.5
CATALENT INC       0C8 TH        3,090.2     (367.3)     234.5
CENTENNIAL COMM    CYCL US       1,480.9     (925.9)     (52.1)
CHOICE HOTELS      CHH US          664.2     (397.0)     206.0
CHOICE HOTELS      CZH GR          664.2     (397.0)     206.0
CIENA CORP         CIE1 GR       2,100.4      (45.2)     889.3
CIENA CORP         CIEN US       2,100.4      (45.2)     889.3
CIENA CORP         CIE1 TH       2,100.4      (45.2)     889.3
CIENA CORP         CIEN TE       2,100.4      (45.2)     889.3
CINCINNATI BELL    CBB US        1,952.6     (584.4)      50.1
CIVITAS SOLUTION   1CI GR        1,031.5      (62.0)      66.1
CIVITAS SOLUTION   CIVI US       1,031.5      (62.0)      66.1
CLEAR CHANNEL-A    C7C GR        6,383.9     (132.6)     376.9
CLEAR CHANNEL-A    CCO US        6,383.9     (132.6)     376.9
CLIFFS NATURAL R   CVA TH        4,811.2     (177.3)     242.3
CLIFFS NATURAL R   CLF US        4,811.2     (177.3)     242.3
CLIFFS NATURAL R   CVA GR        4,811.2     (177.3)     242.3
CLIFFS NATURAL R   CLF* MM       4,811.2     (177.3)     242.3
CORCEPT THERA      CORT US          37.2       (1.3)      19.9
CORINDUS VASCULA   CVRS US           0.0       (0.0)      (0.0)
CVSL INC           CVSL US          66.0       (4.7)       2.8
DEX MEDIA INC      DXM US        1,898.0     (918.0)     133.0
DIPLOMAT PHARMAC   7DP TH          338.9       30.1      (43.4)
DIPLOMAT PHARMAC   DPLO US         338.9       30.1      (43.4)
DIPLOMAT PHARMAC   7DP GR          338.9       30.1      (43.4)
DIRECTV            DTV US       22,594.0   (5,557.0)      43.0
DIRECTV            DTV CI       22,594.0   (5,557.0)      43.0
DIRECTV            DTVEUR EU    22,594.0   (5,557.0)      43.0
DIRECTV            DIG1 GR      22,594.0   (5,557.0)      43.0
DOMINO'S PIZZA     DPZ US          510.9   (1,281.7)     112.9
DOMINO'S PIZZA     EZV GR          510.9   (1,281.7)     112.9
DOMINO'S PIZZA     EZV TH          510.9   (1,281.7)     112.9
DOMINO'S PIZZA     EZV QT          510.9   (1,281.7)     112.9
DUN & BRADSTREET   DNB US        1,789.2   (1,083.4)      (0.3)
DUN & BRADSTREET   DB5 TH        1,789.2   (1,083.4)      (0.3)
DUN & BRADSTREET   DB5 GR        1,789.2   (1,083.4)      (0.3)
DURATA THERAPEUT   DRTX US          82.1      (16.1)      11.7
DURATA THERAPEUT   DRTXEUR EU       82.1      (16.1)      11.7
DURATA THERAPEUT   DTA GR           82.1      (16.1)      11.7
EDGEN GROUP INC    EDG US          883.8       (0.8)     409.2
EMPIRE RESORTS I   LHC1 GR          42.4      (14.3)      (9.9)
EMPIRE RESORTS I   NYNY US          42.4      (14.3)      (9.9)
EOS PETRO INC      EOPT US           1.3      (28.4)     (29.5)
EXTENDICARE INC    EXE CN        1,885.0       (7.2)      77.0
EXTENDICARE INC    EXETF US      1,885.0       (7.2)      77.0
FAIRPOINT COMMUN   FRP US        1,488.5     (395.7)       9.4
FAIRPOINT COMMUN   FONN GR       1,488.5     (395.7)       9.4
FAIRWAY GROUP HO   FWM US          371.8       (8.6)      19.9
FERRELLGAS-LP      FGP US        1,572.3     (111.6)       9.9
FERRELLGAS-LP      FEG GR        1,572.3     (111.6)       9.9
FMSA HOLDINGS IN   FMSAEUR EU    1,447.5      (21.7)     271.3
FMSA HOLDINGS IN   FM1 GR        1,447.5      (21.7)     271.3
FMSA HOLDINGS IN   FMSA US       1,447.5      (21.7)     271.3
FMSA HOLDINGS IN   FM1 TH        1,447.5      (21.7)     271.3
FREESCALE SEMICO   FSL US        3,306.0   (3,593.0)   1,333.0
FREESCALE SEMICO   1FS TH        3,306.0   (3,593.0)   1,333.0
FREESCALE SEMICO   1FS GR        3,306.0   (3,593.0)   1,333.0
FRESHPET INC       FRPTEUR EU       74.5      (34.2)       1.2
FRESHPET INC       7FP GR           74.5      (34.2)       1.2
FRESHPET INC       FRPT US          74.5      (34.2)       1.2
GAMING AND LEISU   2GL GR        2,595.4      (77.9)     (44.2)
GAMING AND LEISU   GLPI US       2,595.4      (77.9)     (44.2)
GARDA WRLD -CL A   GW CN         1,469.2      (59.0)     205.0
GENCORP INC        GY US         1,749.7      (48.5)      70.2
GENCORP INC        GCY GR        1,749.7      (48.5)      70.2
GENCORP INC        GCY TH        1,749.7      (48.5)      70.2
GENTIVA HEALTH     GHT GR        1,225.2     (285.2)     130.0
GENTIVA HEALTH     GTIV US       1,225.2     (285.2)     130.0
GLG PARTNERS INC   GLG US          400.0     (285.6)     156.9
GLG PARTNERS-UTS   GLG/U US        400.0     (285.6)     156.9
GOLD RESERVE INC   GDRZF US         28.0      (10.5)       4.9
GOLD RESERVE INC   GRZ CN           28.0      (10.5)       4.9
GRAHAM PACKAGING   GRM US        2,947.5     (520.8)     298.5
HCA HOLDINGS INC   2BH GR       29,825.0   (6,018.0)   2,895.0
HCA HOLDINGS INC   2BH TH       29,825.0   (6,018.0)   2,895.0
HCA HOLDINGS INC   HCA US       29,825.0   (6,018.0)   2,895.0
HD SUPPLY HOLDIN   5HD GR        6,714.0     (701.0)   1,438.0
HD SUPPLY HOLDIN   HDS US        6,714.0     (701.0)   1,438.0
HERBALIFE LTD      HLF US        2,364.5     (420.6)     508.8
HERBALIFE LTD      HOO GR        2,364.5     (420.6)     508.8
HERBALIFE LTD      HLFEUR EU     2,364.5     (420.6)     508.8
HOVNANIAN ENT-A    HOV US        1,893.7     (443.1)   1,107.3
HOVNANIAN ENT-A    HO3 GR        1,893.7     (443.1)   1,107.3
HOVNANIAN ENT-B    HOVVB US      1,893.7     (443.1)   1,107.3
HOVNANIAN-A-WI     HOV-W US      1,893.7     (443.1)   1,107.3
HUBSPOT INC        HUBS US          52.1       (5.3)     (22.1)
HUBSPOT INC        096 GR           52.1       (5.3)     (22.1)
HUGHES TELEMATIC   HUTCU US        110.2     (101.6)    (113.8)
IHEARTMEDIA INC    IHRT US      14,752.2   (9,315.2)   1,225.6
INCYTE CORP        INCY US         785.3      (89.6)     538.0
INCYTE CORP        ICY TH          785.3      (89.6)     538.0
INCYTE CORP        ICY GR          785.3      (89.6)     538.0
INFOR US INC       LWSN US       6,778.1     (460.0)    (305.9)
INTERCORE INC      ICOR US           0.4       (1.7)      (1.7)
IPCS INC           IPCS US         559.2      (33.0)      72.1
ISTA PHARMACEUTI   ISTA US         124.7      (64.8)       2.2
JUST ENERGY GROU   1JE GR        1,570.4     (311.6)     159.7
JUST ENERGY GROU   JE US         1,570.4     (311.6)     159.7
JUST ENERGY GROU   JE CN         1,570.4     (311.6)     159.7
L BRANDS INC       LB US         6,870.0     (503.0)   1,119.0
L BRANDS INC       LTD GR        6,870.0     (503.0)   1,119.0
L BRANDS INC       LTD TH        6,870.0     (503.0)   1,119.0
LEAP WIRELESS      LEAP US       4,662.9     (125.1)     346.9
LEAP WIRELESS      LWI TH        4,662.9     (125.1)     346.9
LEAP WIRELESS      LWI GR        4,662.9     (125.1)     346.9
LEE ENTERPRISES    LEE US          828.2     (165.0)     (26.0)
LORILLARD INC      LLV TH        3,275.0   (2,155.0)     918.0
LORILLARD INC      LO US         3,275.0   (2,155.0)     918.0
LORILLARD INC      LLV GR        3,275.0   (2,155.0)     918.0
MANNKIND CORP      NNF1 TH         386.8      (40.7)    (100.3)
MANNKIND CORP      NNF1 GR         386.8      (40.7)    (100.3)
MANNKIND CORP      MNKD US         386.8      (40.7)    (100.3)
MARRIOTT INTL-A    MAR US        6,847.0   (1,842.0)  (1,186.0)
MARRIOTT INTL-A    MAQ TH        6,847.0   (1,842.0)  (1,186.0)
MARRIOTT INTL-A    MAQ GR        6,847.0   (1,842.0)  (1,186.0)
MDC COMM-W/I       MDZ/W CN      1,707.3      (86.7)    (256.5)
MDC PARTNERS-A     MDZ/A CN      1,707.3      (86.7)    (256.5)
MDC PARTNERS-A     MDCA US       1,707.3      (86.7)    (256.5)
MDC PARTNERS-A     MD7A GR       1,707.3      (86.7)    (256.5)
MDC PARTNERS-EXC   MDZ/N CN      1,707.3      (86.7)    (256.5)
MERITOR INC        MTOR US       2,502.0     (585.0)     254.0
MERITOR INC        AID1 GR       2,502.0     (585.0)     254.0
MERRIMACK PHARMA   MP6 GR          188.6      (99.9)      40.9
MERRIMACK PHARMA   MACK US         188.6      (99.9)      40.9
MICHAELS COS INC   MIK US        1,716.0   (2,734.0)     493.0
MICHAELS COS INC   MIM GR        1,716.0   (2,734.0)     493.0
MONEYGRAM INTERN   MGI US        4,600.2     (157.2)      87.1
MORGANS HOTEL GR   M1U GR          632.3     (221.3)      89.3
MORGANS HOTEL GR   MHGC US         632.3     (221.3)      89.3
MOXIAN CHINA INC   MOXC US           4.9       (1.2)      (4.0)
MPG OFFICE TRUST   1052394D US   1,280.0     (437.3)       -
NATIONAL CINEMED   NCMI US         993.6     (200.2)      51.8
NATIONAL CINEMED   XWM GR          993.6     (200.2)      51.8
NAVISTAR INTL      IHR TH        7,702.0   (4,046.0)   1,126.0
NAVISTAR INTL      NAV US        7,702.0   (4,046.0)   1,126.0
NAVISTAR INTL      IHR GR        7,702.0   (4,046.0)   1,126.0
NEFF CORP-CL A     NEFF US         612.1     (343.7)      (1.5)
NORTHWEST BIO      NBYA GR          29.4      (31.2)     (41.7)
NORTHWEST BIO      NWBO US          29.4      (31.2)     (41.7)
OMEROS CORP        3O8 GR           25.3      (26.6)       9.0
OMEROS CORP        OMER US          25.3      (26.6)       9.0
OMTHERA PHARMACE   OMTH US          18.3       (8.5)     (12.0)
PALM INC           PALM US       1,007.2       (6.2)     141.7
PBF LOGISTICS LP   11P GR          360.0      (47.3)      15.6
PBF LOGISTICS LP   PBFX US         360.0      (47.3)      15.6
PHILIP MORRIS IN   4I1 TH       35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   PM US        35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   4I1 GR       35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   PM FP        35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   PM1EUR EU    35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   PM1 TE       35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   PMI SW       35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   4I1 QT       35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   PM1CHF EU    35,401.0   (8,677.0)    (356.0)
PLAYBOY ENTERP-A   PLA/A US        165.8      (54.4)     (16.9)
PLAYBOY ENTERP-B   PLA US          165.8      (54.4)     (16.9)
PLY GEM HOLDINGS   PG6 GR        1,304.9      (73.5)     238.9
PLY GEM HOLDINGS   PGEM US       1,304.9      (73.5)     238.9
PROTALEX INC       PRTX US           0.8       (9.1)       0.4
PROTECTION ONE     PONE US         562.9      (61.8)      (7.6)
PROTEON THERAPEU   PRTO US          24.2        9.6       19.3
QUALITY DISTRIBU   QDZ GR          439.6      (30.4)     105.2
QUALITY DISTRIBU   QLTY US         439.6      (30.4)     105.2
QUINTILES TRANSN   Q US          3,106.7     (536.2)     511.8
QUINTILES TRANSN   QTS GR        3,106.7     (536.2)     511.8
RAYONIER ADV       RYAM US       1,246.3      (13.4)     167.3
RAYONIER ADV       RYQ GR        1,246.3      (13.4)     167.3
REGAL ENTERTAI-A   RGC* MM       2,553.5     (755.1)       6.5
REGAL ENTERTAI-A   RGC US        2,553.5     (755.1)       6.5
REGAL ENTERTAI-A   RETA GR       2,553.5     (755.1)       6.5
RELMADA THERAPEU   RLMD US           0.0       (0.0)      (0.0)
RENAISSANCE LEA    RLRN US          57.0      (28.2)     (31.4)
RENTPATH INC       PRM US          208.0      (91.7)       3.6
RETROPHIN INC      17R GR          145.9      (10.2)      (3.7)
RETROPHIN INC      RTRX US         145.9      (10.2)      (3.7)
REVLON INC-A       REV US        1,912.6     (570.6)     300.9
REVLON INC-A       RVL1 GR       1,912.6     (570.6)     300.9
RITE AID CORP      RTA GR        6,959.3   (1,906.5)   1,783.1
RITE AID CORP      RAD US        6,959.3   (1,906.5)   1,783.1
RITE AID CORP      RTA TH        6,959.3   (1,906.5)   1,783.1
ROCKWELL MEDICAL   RWM TH           23.9       (5.5)       2.6
ROCKWELL MEDICAL   RMTI US          23.9       (5.5)       2.6
ROCKWELL MEDICAL   RWM GR           23.9       (5.5)       2.6
ROUNDY'S INC       4R1 GR        1,089.7      (66.8)      71.8
ROUNDY'S INC       RNDY US       1,089.7      (66.8)      71.8
RURAL/METRO CORP   RURL US         303.7      (92.1)      72.4
RYERSON HOLDING    7RY TH        2,001.1     (108.5)     734.8
RYERSON HOLDING    RYI US        2,001.1     (108.5)     734.8
RYERSON HOLDING    7RY GR        2,001.1     (108.5)     734.8
SALLY BEAUTY HOL   SBH US        2,030.0     (347.1)     640.6
SALLY BEAUTY HOL   S7V GR        2,030.0     (347.1)     640.6
SBA COMM CORP-A    SBJ TH        7,809.0     (297.6)    (671.8)
SBA COMM CORP-A    SBJ GR        7,809.0     (297.6)    (671.8)
SBA COMM CORP-A    SBAC US       7,809.0     (297.6)    (671.8)
SECOND SIGHT MED   EYES US           9.6      (19.5)       4.4
SEQUENOM INC       SQNM US         134.6      (51.9)      36.5
SILVER SPRING NE   SSNI US         552.9     (139.0)      82.8
SILVER SPRING NE   9SI TH          552.9     (139.0)      82.8
SILVER SPRING NE   9SI GR          552.9     (139.0)      82.8
SIRIUS XM CANADA   SIICF US        329.4      (87.2)    (161.7)
SIRIUS XM CANADA   XSR CN          329.4      (87.2)    (161.7)
SPARK ENERGY-A     SPKE US          86.5       (0.9)      (9.4)
SPORTSMAN'S WARE   06S GR          292.3      (44.5)      76.1
SPORTSMAN'S WARE   SPWH US         292.3      (44.5)      76.1
SUPERVALU INC      SVU US        4,486.0     (634.0)      92.0
SUPERVALU INC      SJ1 TH        4,486.0     (634.0)      92.0
SUPERVALU INC      SVU* MM       4,486.0     (634.0)      92.0
SUPERVALU INC      SJ1 GR        4,486.0     (634.0)      92.0
THERAVANCE         THRX US         553.7     (193.1)     237.4
THERAVANCE         HVE GR          553.7     (193.1)     237.4
TOWN SPORTS INTE   CLUB US         482.6      (53.8)      69.7
TRANSDIGM GROUP    TDG US        6,756.8   (1,556.1)   1,103.7
TRANSDIGM GROUP    T7D GR        6,756.8   (1,556.1)   1,103.7
TRAVELPORT WORLD   TVPT US       2,992.0     (210.0)    (161.0)
TRAVELPORT WORLD   1TW GR        2,992.0     (210.0)    (161.0)
TRINET GROUP INC   TNET US       1,393.3      (48.9)      17.3
TRINET GROUP INC   TN3 GR        1,393.3      (48.9)      17.3
TRINET GROUP INC   TNETEUR EU    1,393.3      (48.9)      17.3
UNILIFE CORP       UNIS US          80.7       (2.7)       0.4
UNISYS CORP        USY1 GR       2,279.4     (521.2)     343.9
UNISYS CORP        UISEUR EU     2,279.4     (521.2)     343.9
UNISYS CORP        USY1 TH       2,279.4     (521.2)     343.9
UNISYS CORP        UISCHF EU     2,279.4     (521.2)     343.9
UNISYS CORP        UIS1 SW       2,279.4     (521.2)     343.9
UNISYS CORP        UIS US        2,279.4     (521.2)     343.9
VECTOR GROUP LTD   VGR GR        1,643.4       (7.9)     561.5
VECTOR GROUP LTD   VGR US        1,643.4       (7.9)     561.5
VENOCO INC         VQ US           756.5     (100.0)    (762.9)
VERISIGN INC       VRS GR        2,207.4     (748.8)    (326.3)
VERISIGN INC       VRSN US       2,207.4     (748.8)    (326.3)
VERISIGN INC       VRS TH        2,207.4     (748.8)    (326.3)
VERISIGN INC       VRS QT        2,207.4     (748.8)    (326.3)
VERIZON TELEMATI   HUTC US         110.2     (101.6)    (113.8)
VERSO PAPER CORP   VRS US        1,019.7     (584.3)       9.4
VIRGIN AMERICA I   2VA1 TH         876.0     (313.0)      19.0
VIRGIN AMERICA I   2VA1 GR         876.0     (313.0)      19.0
VIRGIN AMERICA I   VA US           876.0     (313.0)      19.0
VIRGIN MOBILE-A    VM US           307.4     (244.2)    (138.3)
WEIGHT WATCHERS    WW6 TH        1,558.3   (1,357.7)      60.6
WEIGHT WATCHERS    WTWEUR EU     1,558.3   (1,357.7)      60.6
WEIGHT WATCHERS    WW6 GR        1,558.3   (1,357.7)      60.6
WEIGHT WATCHERS    WTW US        1,558.3   (1,357.7)      60.6
WEST CORP          WT2 GR        3,929.2     (684.9)     284.7
WEST CORP          WSTC US       3,929.2     (684.9)     284.7
WESTMORELAND COA   WLB US        1,578.5     (264.3)     101.2
WESTMORELAND COA   WME GR        1,578.5     (264.3)     101.2
XERIUM TECHNOLOG   TXRN GR         611.2      (51.2)     102.1
XERIUM TECHNOLOG   XRM US          611.2      (51.2)     102.1
XOMA CORP          XOMA TH          70.9      (18.1)      28.5
XOMA CORP          XOMA US          70.9      (18.1)      28.5
XOMA CORP          XOMA GR          70.9      (18.1)      28.5
YRC WORLDWIDE IN   YRCW US       2,046.6     (361.2)     195.9
YRC WORLDWIDE IN   YEL1 GR       2,046.6     (361.2)     195.9
YRC WORLDWIDE IN   YEL1 TH       2,046.6     (361.2)     195.9



                             *********

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.


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