TCR_Public/141219.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Friday, December 19, 2014, Vol. 18, No. 352

                            Headlines

1138 DOUGLAS: Case Summary & 3 Unsecured Creditors
AEREO INC: Battles Broadcasters Over Proposed Bankruptcy Sale
ALDERON IRON: Still Has Not Recorded Revenue From Operations
ALEXZA PHARMACEUTICALS: Amends Autoliv Deal for Heat Packages
ALTOS HORNOS: Seeks to Lift Suspension of Payments

ANDALAY SOLAR: Signs Registration Rights Pact With Southridge
AR AND DB: Case Summary & 7 Unsecured Creditors
ARCHDIOCESE OF MILWAUKEE: Reaches $10.3 Million Settlement
ASHER INVESTMENT: Goldstein Okayed to Assist in Litigation
ATOSSA GENETICS: Needs Capital to Cover Ongoing Losses

AUXILIUM PHARMACEUTICALS: Provides Update on Actavis Litigation
BRIGHT MOUNTAIN: Reports $345K Net Loss for Q3 of 2014
DANDRIT BIOTECH: Illiquidity, Losses Raise Going Concern Doubt
DAUGHTERS OF CHARITY: Union Says Bankruptcy Option Unnecessary
DBSI INC: Another Executive Sentenced for Role in Fraud

dELiA*s INC: Seeks to Employ Clear Thinking as Financial Advisor
dELiA*s INC: U.S. Trustee Names Bonnie Glantz Fatell as Ombudsman
dELiA*s INC: Has Interim OK to Assume Agency Agreement
dELiA*s INC: Court Extends Schedules Filing Date
dELiA*s INC: Court Issues Joint Administration Order

DERMIRA INC: Expects to Incur Additional Losses in the Future
DOTS LLC: Court Approves Fifth Amendment to DIP Credit Facility
DYNASIL CORP: Posts $2.1 Million Net Income in Fiscal 2014
DYNAVOX INC: Texas Comptroller Balks at Plan Confirmation
EL POLLO LOCO: S&P Withdraws 'B' CCR at Company's Request

EMMAUS LIFE: Needs Additional Funds to Meet Obligations
ENERGY FUTURE: Authorized to Ink Deal on Comache Peak Venture
ENERGY FUTURE: Panel Has Until Feb. 12 to Challenge Stipulations
EVERYWARE GLOBAL: Daniel Taylor Quits as SVP Operations
FOREST OIL: Sells Arkoma Assets to Camterra for $185 Million

GREAT NORTHERN PAPER: Judge Approves Sale of Paper Mill
GREEN MOUNTAIN: Dec. 23 Non-Government Claims Bar Date Set
GREEN MOUNTAIN: Gets Final Approval to Use Cash Collateral
GREEN INNOVATIONS: Revenue Needed to Continue as Going Concern
GT ADVANCED: Goldman, Morgan Stanley Hit With Investor Suit

GYPSUM MANAGEMENT: S&P Assigns 'B' Corp. Credit Rating
HAMPTON BAY DINER: Case Summary & 18 Largest Unsecured Creditors
HERCULES OFFSHORE: Files Fleet Status Report as of Dec. 16
HOSPITALITY STAFFING: Wants Case Dismissal, Payment of Fees OK'd
INFINITY ENERGY: Incurs $1.9 Million Net Loss in March 31 Qtr.

INVERSIONES ALSACIA: Reorganization Plan Declared Effective
INERGETICS INC: Israelian Has 9.9% Stake as of Dec. 12
IPALCO ENTERPRISES: S&P Affirms 'BB+' ICR on Sale Agreement
IPC INTERNATIONAL: Jan. 15 Trust Claims Bar Date Set
KIOR INC: Files Debt-for-Equity Chapter 11 Plan

LAVA COMPANY: Case Summary & 14 Unsecured Creditors
LIGHTSQUARED INC: Files Restructuring Plan
MGM RESORTS: Signs Settlement Agreement With Perini Building
MINERAL PARK: Has Until March to Make Lease-Related Decisions
MOORE FREIGHT: Court Closes Chapter 11 Bankruptcy Case

MORGANS HOTEL: TO Sell Light Group to Hakkasan for $36 Million
NAVISTAR INTERNATIONAL: Incurs $619 Million Net Loss in 2014
NEW ENGLAND COMPOUNDING: Owners, Employees Arrested Over Outbreak
NORTEL NETWORKS: U.S. Unit Wins Court OK for Bondholder Deal
NORTHERN BERKSHIRE: Trustee Recovers $10MM Toward Debt

ONE SOURCE: Section 341(a) Meeting Set for February 6
OW BUNKER: Former Manager Arrested Over Suspected Fraud
OZ GAS: John F. Kroto Authorized to Appear in the Case
PHOENIX PAYMENT: Rival Fights Bid to Cut Software Claim by $9.5M
PHOTOMEDEX INC: Obtains $1.4 Million From Private Placement

Q4 PROPERTIES: Voluntary Chapter 11 Case Summary
QUICKSILVER RESOURCES: Darden Has 20.2% Stake as of Dec. 5
QUALITY DISTRIBUTION: Issues Redemption Notice for $10MM Notes
QUANTUM FUEL: Inks Debt Repayment Agreement With Advanced Green
RADIOSHACK CORP: Taps Restructuring Advisors from FTI

REICHHOLD HOLDINGS: Sale Put Noteholders Closer to Takeover
RESPONSE BIOMEDICAL: Closes Private Placement of 1.8-Mil. Shares
RETROPHIN INC: Expects More Losses in the Immediate Future
SALIX PHARMACEUTICALS: S&P Affirms 'B' CCR; Off CreditWatch Neg.
SONOMA CHICKEN: Case Summary & 8 Largest Unsecured Creditors

SOUZA PROPANE: Voluntary Chapter 11 Case Summary
SUNRISE REAL ESTATE: Incurs $1.9 Million Net Loss in Fiscal 2013
TRIGEANT HOLDINGS: Court Terminates Exclusive Periods
TRUMP ENTERTAINMENT: Union Says Deal to Save Casino Fell Apart
TRUMP ENTERTAINMENT: Firm Gets $1.25MM Fees But Sits Behind Icahn

TRUMP ENTERTAINMENT: Wants Plan Filing Date Extended to April 7
ULTIMATE NUTRITION: Section 341(a) Meeting Set for Jan. 14
ULTIMATE NUTRITION: Case Summary & 20 Largest Unsecured Creditors
UNITEK GLOBAL: Young Conaway Approved as Bankruptcy Counsel
UNITEK GLOBAL: Morgan Lewis Approved as Bankruptcy Co-Counsel

UNITEK GLOBAL: Protiviti, et al OK'd as Bankruptcy Professionals
UNIVERSAL COOPERATIVES: Has Until March 2015 to File Plan
W.E. YODER: Case Summary & 20 Largest Unsecured Creditors
WESTMORELAND COAL: Closes $350 Million Notes Offering
WORLD SURVEILLANCE: Signs Asset Purchase Agreement With Orbital

WPCS INTERNATIONAL: To Amend Certificate of Incorporation
XTREME POWER: Directed to File Corrected Disclosure Statement
YSC INC: Hearing Today on Request for Final Decree Closing Case
ZAZA ENERGY: Has Insufficient Liquidity for Next Six Months

* Jury Convicts Ex-Detroit Treasurer of Pension Fund Fraud
* Sec. 363 Reforms Could Have Big Implications in Ch. 11s

* BOOK REVIEW: Landmarks in Medicine - Laity Lectures
               of the New York Academy of Medicine


                             *********


1138 DOUGLAS: Case Summary & 3 Unsecured Creditors
--------------------------------------------------
Debtor: 1138 Douglas, LLC
        1138 Douglas Avenue
        Burlingame, CA 94010

Case No.: 14-31803

Chapter 11 Petition Date: December 17, 2014

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

Judge: Hon. Hannah L. Blumenstiel

Debtor's Counsel: Carlos F. Negrete, Esq.
                  LAW OFFICES OF CARLOS F. NEGRETE
                  27422 Calle Arroyo
                  San Juan Capistrano, CA 92675
                  Tel: (949) 493-8115
                  Email: cnegrete@negretelaw.com
                         attyservice@negretelaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Andrei Tallent, managing member.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/canb14-31803.pdf


AEREO INC: Battles Broadcasters Over Proposed Bankruptcy Sale
-------------------------------------------------------------
Sara Randazzo, writing for Daily Bankruptcy Review, reported that
in a series of filings with the U.S. Bankruptcy Court for the
Southern District of New York, Aereo Inc. traded barbs with
broadcasters, who insist any sale of Aereo's technology will harm
their chances of collecting potentially tens of millions of
dollars in damages from a copyright lawsuit victory.

                        About Aereo, Inc.

With headquarters in Boston, Massachusetts, Aereo, Inc., is a
technology company that provided subscribers with the ability to
watch live or "time-shifted" local over-the-air broadcast
television on internet-connected devices, such as personal
computers, tablet devices, and "smartphones."   Aero provided to
each subscriber access, via the internet, to individual remote or
micro-antennas and a cloud-based DVR, which were maintained by the
Debtor in facilities within the local market.

Aereo, Inc., sought Chapter 11 protection (Bankr. S.D.N.Y. Case
No. 14-13200) in Manhattan, New York, on Nov. 20, 2014.  The
Chapter 11 filing came five months after the U.S. Supreme Court
ruled the Debtor, with respect to live or contemporaneous
transmissions, was essentially performing as a traditional cable
system under the Copyright Act, and thus was violating
broadcasters' copyrights because it wasn't paying broadcasters any
fees.

The Debtor has tapped William R. Baldiga, Esq., at Brown Rudnick
LLP, in New York, as counsel.  The Debtors has also engaged Argus
Management Corp. to provide the services of Lawton W. Bloom as CRO
and Peter Sullivan and Scott Dicus as assistant restructuring
officers.  Prime Clerk LLC is the claims and notice agent.

As of the Petition Date, the Debtor's reported total assets were
$20.5 million, and its total undisputed liabilities (primarily
trade debt) were $4.2 million.


ALDERON IRON: Still Has Not Recorded Revenue From Operations
------------------------------------------------------------
Alderon Iron Ore Corp. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 6-K, disclosing a net loss
of C$2.11 million for the three months ended Sept. 30, 2014,
compared with a net loss of C$2.8 million for the same period last
year.

The Company's balance sheet at Sept. 30, 2014, showed
C$278 million in total assets, C$32.04 million in total
liabilities, and total stockholders' equity of C$246 million.

To date, the Company has not recorded any revenues from
operations, has no source of operating cash flow and no assurance
that additional funding will be available to it for further
development of the Kami Project.  The Company does not have
financial resources sufficient to cover all of its commitments for
the coming year, which includes net amounts payable, as at Sept.
30, 2014, necessary general and administrative costs through 2015,
contractual obligations as at September 30, 2014 (in relation to
anticipated equipment payments) and the remaining security
deposits which could be required to be advanced to Newfoundland
and Labrador Hydro ("NLH"), a subsidiary of Nalcor Energy (note
3), as of a date to be determined.  Alderon has completed the
engineering work required to commence construction at the Kami
Project.  The commencement of construction of the Kami Project is
subject to the completion of the Company's financing plan and
project sanction by the Company's Board of Directors.  As the Kami
Project's required pre-construction engineering is substantially
complete, Alderon has temporarily suspended any further work by
its Engineering, Procurement and Construction Management ("EPCM")
contractor.  The Company's internal project team is continuing to
advance the Kami Project in preparation for the start of
construction once the Company's financing plan is completed.  The
Company has plans in place and is seeking to arrange the necessary
funds in order to cover these obligations.  Specifically, the
Company continues to advance all of the elements of its financing
plan, including debt and equity.  There can be no assurance that
management's financing plan will be successful.  These conditions
and events indicate material uncertainties that cast substantial
doubt upon the Company's ability to continue as a going concern.

A copy of the Form 6-K is available at:

                       http://is.gd/QQaiJz

Alderon Iron Ore Corp., formerly Alderon Resource Corp., is an
exploration-stage company engaged in the exploration and
evaluation of mineral resource properties.  As of December 31,
2011, the Company conducted iron ore exploration and evaluation
activities related entirely to its properties located in Western
Labrador.  Those properties are collectively referred to as the
Kamistiatusset (Kami) Property.  The Kami Property is located next
to the mining towns of Wabush, Labrador City and Fermont.  The
property includes 305 claims in Labrador and five Quebec Mining
Titles for a total of 7,625 hectares.  During the year ended
December 31, 2011, the Company conducted a drill program, totaling
4,496 meters, in the North Rose area.  As of December 31, 2011,
the mineral resource estimate for all three zones North Rose, Rose
Central and Mills Lake) within the Kami Project was 490 million
tons at 30% iron indicated and 598 million tons at 30.3% iron
inferred.


ALEXZA PHARMACEUTICALS: Amends Autoliv Deal for Heat Packages
-------------------------------------------------------------
Alexza Pharmaceuticals, Inc., announced that it amended its
commercial Manufacturing and Supply Agreement with Autoliv ASP
Inc., the North American subsidiary of Sweden-based Autoliv Inc.
Autoliv manufactures chemical heat packages, a key component of
Alexza's single-dose Staccato(R) system, including Alexza's
commercial product ADASUVE (Staccato loxapine).

The amendment to the Supply Agreement between Alexza and Autoliv,
signed on Dec. 11, 2014, updates certain terms of prior agreements
between the companies.  The Amendment states that the letter of
termination received by Alexza in October 2013 is null, and that
the parties are extending the agreement through 2018.  In
addition, Alexza has the right to engage a second source supplier
and implement a manufacturing line transfer from Autoliv to
manufacture and supply the chemical heat packages to Alexza or its
licensees.

"The amended agreement extends our ongoing partnership with
Autoliv, providing us with continued supply of this key component,
while enabling Alexza the flexibility to engage another supplier
as an alternate source of supply for heat packages," said Robert
A. Lippe, executive vice president, operations and chief
operations officer of Alexza.  "We appreciate and value Autoliv's
operational excellence, cost efficiency, and technological
capabilities in manufacturing and scaled production.  We look
forward to continuing to work with Autoliv as it supplies heat
packages in support of the expanding global launch of ADASUVE."

                Autoliv Agreement and Amendments

In November 2007, Alexza entered into a Manufacturing and Supply
Agreement with Autoliv, relating to the commercial supply of
chemical heat packages that can be incorporated into Alexza's
Staccato single-dose device.

In June 2010 and February 2011, Alexza amended certain of the
terms of its Manufacturing and Supply Agreement with Autoliv.
Subject to certain exceptions, Autoliv agreed to manufacture,
assemble, and test the chemical heat packages solely for Alexza in
conformance with Alexza's specifications.  In October 2013,
Autoliv notified Alexza of its intent to terminate the
Manufacturing and Supply Agreement, effective October 2016. Under
the terms of the new amendment to the Manufacturing and Supply
Agreement, Alexza and Autoliv agreed that, subject to certain
provisions, Autoliv will continue to provide heat packages, a key
component of ADASUVE, to Alexza to support the product uptake in
new and already launched markets.

Mountain View, California-based Alexza Pharmaceuticals, Inc., was
incorporated in the state of Delaware on Dec. 19, 2000, as FaxMed,
Inc.  In June 2001, the Company changed its name to Alexza
Corporation and in December 2001 became Alexza Molecular Delivery
Corporation.  In July 2005, the Company changed its name to Alexza
Pharmaceuticals, Inc.

The Company is a pharmaceutical development company focused on the
research, development, and commercialization of novel proprietary
products for the acute treatment of central nervous system
conditions.

Alexza Pharmaceuticals reported a net loss of $39.61 million in
2013, a net loss of $27.97 million in 2012 and a net loss of
$40.53 million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $65.8
million in total assets, $114.64 million in total liabilities and
total stockholders' deficit of $48.84 million.


ALTOS HORNOS: Seeks to Lift Suspension of Payments
--------------------------------------------------
Altos Hornos de Mexico S.A.B. de C.V. (AHMSA) on Dec. 17 made a
filing in the Civil Court of First Instance for the Judicial
District of Monclova, Coahuila, United Mexican States to initiate
the lifting of its suspension of payments.

The filing is supported by a general payment agreement signed by
the required majority of its creditors, including diverse
suppliers and financial institutions.

The agreement provides for the payment in pesos -- in accordance
with the Bankruptcy and Suspension of Payments Law -- of 100% of
creditors' recognized claims of US$1.7 billion within 3 years of
the lifting of the suspension of payments.  The agreement also
provides for eligible creditors to capitalize a portion of their
debt for common shares of AHMSA.

The law establishes that the court in charge of the proceedings
will officially call a general meeting of creditors at which the
creditors will accept the general payment agreement to then
initiate the legal lifting process.

The suspension has enabled AHMSA to return to financial health,
sustain its industrial operations, preserve a source of 23,000
essential jobs for the economy of Mexico, and maintain its
position as a highly competitive steel producer in the domestic
and international markets.

Under the Bankruptcy and Suspension of Payments Law, the annual
production of AHMSA was 3.4 million tons of liquid steel.  With
investments -- mainly in the Fenix Project -- AHMSA added
equipment and technology to achieve production of over 4.3 million
tons, with specialized steel of higher aggregate value.

With a solid financial structure and a strengthened industrial
plant, AHMSA today is the leading steel producer in Mexico, able
to respond to new demand resulting from Mexico's development and
to actively participate in global commerce.

            About Altos Hornos de Mexico S.A.B. de C.V.

Altos Hornos de Mexico S.A.B. de C.V. is an integrated steel
producer that operates its own iron and metallurgical coal mines ?
its principal business segments?and has two steel plants located
in Monclova, Coahuila.  Its current nominal production capacity is
5.5 million tons of liquid steel per year, which is then
transformed into diverse finished products.  Additionally, AHMSA
operates thermal coal mines in Mexico dedicated to the production
of electric energy.  It employs 23,000 workers in steel plants,
mines and services.


ANDALAY SOLAR: Signs Registration Rights Pact With Southridge
-------------------------------------------------------------
Andalay Solar, Inc., on Dec. 10, 2014, entered into a registration
rights agreement with Southridge Partners II, LP, pursuant to
which the Company agreed to register shares of the common stock to
be issued to Southridge in connection with the Dec. 10, 2014,
Equity Purchase Agreement.

The Company has agreed to issue and sell to Southridge shares of
its common stock, $0.001 par value per share from time to time for
an aggregate investment price of up to $5,000,000.

                        About Andalay Solar

Founded in 2001, Andalay Solar, Inc., formerly Westinghouse Solar,
Inc., is a provider of innovative solar power systems.  In 2007,
the Company pioneered the concept of integrating the racking,
wiring and grounding directly into the solar panel.  This
revolutionary solar panel, branded "Andalay", quickly won industry
acclaim.  In 2009, the Company again broke new ground with the
first integrated AC solar panel, reducing the number of components
for a rooftop solar installation by approximately 80 percent and
lowering labor costs by approximately 50 percent.  This AC panel,
which won the 2009 Popular Mechanics Breakthrough Award, has
become the industry's most widely installed AC solar panel.  A new
generation of products named "Instant Connect" was introduced in
2012 and is expected to achieve even greater market acceptance.

Andalay Solar reported a net loss attributable to common
stockholders of $3.85 million on $1.12 million of net revenue for
the year ended Dec. 31, 2013, as compared with a net loss
attributable to common stockholders of $9.15 million on $5.22
million of net revenue in 2012.

Burr Pilger Mayer, Inc., 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's significant operating losses and
negative cash flow from operations raise substantial doubt about
its ability to continue as a going concern.


AR AND DB: Case Summary & 7 Unsecured Creditors
-----------------------------------------------
Debtor: AR and DB LLC
           fka Allan and Donna Butler
        8438 Mississippi Boulevard NW
        Minneapolis, MN 55433

Case No.: 14-44972

Chapter 11 Petition Date: December 17, 2014

Court: United States Bankruptcy Court
       District of Minnesota (Minneapolis)

Judge: Hon. Michael E Ridgway

Debtor's Counsel: Thomas Flynn, Esq.
                  LARKIN HOFFMAN DALY & LINDGREN LTD.
                  8300 Norman Center Dr, Ste 1000
                  Bloomington, MN 55437
                  Tel: 952-896-3362
                  Email: tflynn@larkinhoffman.com

Total Assets: $1.96 million

Total Liabilities: $1.25 million

The petition was signed by Allan K. Butler, president.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/mnb14-44972.pdf


ARCHDIOCESE OF MILWAUKEE: Reaches $10.3 Million Settlement
----------------------------------------------------------
Tom Corrigan, writing for Daily Bankruptcy Review, reported that
after years of negotiations, insurance carriers have agreed to
turn over $10.3 million to help the Roman Catholic Archdiocese of
Milwaukee, which is at the center of the longest running and most
contentious diocesan bankruptcy to date, settle allegations of
clergy sexual abuse.

According to the report, the settlement, if approved by a
bankruptcy judge, could more than double the compensation
available to individuals who claim they were sexually abused by
the archdiocese's priests.

                  About Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and was
elevated to an Archdiocese on Feb. 12, 1875, by Pope Pius IX.  The
region served by the Archdiocese consists of 4,758 square miles in
southeast Wisconsin which includes counties Dodge, Fond du Lac,
Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case No. 11-
20059) on Jan. 4, 2011, to address claims over sexual abuse by
priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
Howard, Solochek & Weber, S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.


ASHER INVESTMENT: Goldstein Okayed to Assist in Litigation
----------------------------------------------------------
The Bankruptcy Court authorized Asher Investment Properties,
LLC, to employ Neal M. Goldstein as special counsel to assist
Gershuni & Katz, A Law Corporation, in representing the Debtor
concerning the motion to dismiss the case filed by the Itkin
Family Trust.

On Aug. 20, 2014, the Court heard (1) the Debtor's application for
an order employing G&K as its general bankruptcy counsel, and (2)
the Debtor's application, as amended, to employ Michael F. Frank
and Peggy A. Gross as special litigation counsel to represent the
Debtor concerning the adversary proceeding filed by the Debtor
against Garry Y. Itkin and Anna Charno as trustee for the Itkin
Living Trust and all other litigation and contested matters.

G&K currently employs two attorneys, Ira Benjamin Katz, and
Gregory B. Gershuni.  The Debtor has anticipated that Mr. Frank
would be trying the motion to dismiss with Mr. Katz' assistance.

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

Garry Itkin and Anna Charno, trustees of the Itkin Living Trust
had opposed to the Debtor's motion stating that:

   1. Bankruptcy Code Section 327(e)'s requirements for the hiring
of special counsel have not been met.

   2. the employment of Mr. Goldstein as special counsel at the
eleventh hour will result in a substantial additional cost to the
estate and is not in the estate's best interests under Section
327(e).

   3. the Debtor's proposed special counsel, Mr. Goldstein, is
neither a bankruptcy attorney nor a bankruptcy specialist.

   4. as a practical matter, the Itkin Trust must oppose Debtor's
proposed retention of special counsel because it is wholly
inconsistent with the Itkin Trust's motion to dismiss and the
arguments contained therein.

The objectors are represented by:

         Andrew S. Pauly, Esq.
         Andrew J. Haley, Esq.
         GREENWALD, PAULY & MILLER,
         A Professional Corporation
         1299 Ocean Avenue, Suite 400
         Santa Monica, CA 90401-1007
         Tel: (310) 451-8001
         Fax: (310) 395-5961
         E-mail: apauly@gpfm.com
                 ahaley@gpfm.com

                      About Asher Investment

Asher Investment Properties, LLC, owner of a $10 million property
in Beverly Hills, California, filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 14-21172) in Los Angeles, on
June 6, 2014.  Yossi Dina signed the petition as managing member.
Asher, a Single Asset Real Estate as defined in 11 U.S.C. Sec.
101(51B), disclosed $11.5 million in assets and $10.7 million in
liabilities.  Gershuni & Kate, ALC, serves as the Debtor's
counsel.  Hon. Barry Russell presides over the case.


ATOSSA GENETICS: Needs Capital to Cover Ongoing Losses
------------------------------------------------------
Atossa Genetics, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $3.25 million on $3,426 of total revenue
for the three months ended Sept. 30, 2014, compared with a net
loss of $3.50 million on $76,600 of total revenue for the same
period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed
$16.8 million in total assets, $1.54 million in total liabilities,
and stockholders' equity of $15.23 million.

"The Company has not yet established an ongoing source of revenue
sufficient to cover its operating costs and allow it to continue
as a going concern.  The ability of the Company to continue as a
going concern is dependent on the Company obtaining adequate
capital to fund operating losses until it becomes profitable.  If
the Company is unable to obtain adequate capital, it could be
forced to cease operations.  These matters raise substantial doubt
about the Company's ability to continue as a going concern for the
foreseeable future.  The accompanying condensed consolidated
financial statements do not include any adjustments that might be
necessary if the Company is unable to continue as a going
concern," according to the regulatory filing.

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

                       http://is.gd/mMrA0b

Atossa Genetics, Inc., is a Delaware corporation with principal
executive offices located in Seattle, Washington.  Atossa is a
development-stage healthcare company.  The Company is focused on
the commercialization of cellular and molecular diagnostic risk
assessment products and related services for the detection of pre-
cancerous conditions that could lead to breast cancer, and on the
development of second-generation products and services.


AUXILIUM PHARMACEUTICALS: Provides Update on Actavis Litigation
---------------------------------------------------------------
Auxilium Pharmaceuticals, Inc., and FCB I LLC (successor-in-
interest to Bentley Pharmaceuticals, Inc.), as licensor of Testim,
previously filed a lawsuit in the U.S. District Court for the
District of New Jersey against Actavis, Inc. (then known as Watson
Pharmaceuticals, Inc.) for infringement of FCB's 10 patents listed
in the Orange Book as covering Testim(R) testosterone gel.  The
lawsuit was filed in response to a notice letter, dated April 12,
2012, sent by Actavis Laboratories, Inc. (NV) regarding its filing
with the U.S. Food and Drug Administration of an Abbreviated New
Drug Application for a generic 1% testosterone gel product.  This
letter also stated that the ANDA contained Paragraph IV
certifications with respect to the nine patents listed in the
Orange Book on that date as covering Testim.  The Company's
lawsuit filed against Actavis initially involved those nine
patents, as well as a 10th patent covering Testim that was issued
on May 15, 2012, and is listed in the Orange Book.  By the time
that the trial commenced in September 2014, the parties had agreed
to remove all but one of those patents from the litigation, with
the trial focused solely on claim 3 of U.S. Patent # 7,608,607
(the "'607 Patent").  The trial commenced in September 2014 and
closing arguments occurred in November 2014.

On Dec. 16, 2014, the Company learned that Judge Linares held that
claim 3 of the '607 patent is invalid for obviousness.  The Judge
also found claim 3 invalid for derivation and improper
inventorship, but he declined to rule on whether correction of
inventorship would be appropriate because it would be futile in
light of his ruling on obviousness.  Auxilium believes that
Actavis is now free to enter the market with its testosterone gel
product once it obtains approval from the FDA.  At this time,
Auxilium is not aware of Actavis having received tentative
approval or final approval from the FDA for its testosterone gel
product.

Auxilium is analyzing the District Court's opinion and will
explore its available options with regard to this matter.

Existing Generic Versions of Testim Already in the Marketplace

As previously disclosed, in June 2014, Auxilium commenced
marketing an authorized generic version of Testim through its
distribution partner, Prasco, LLC.

Also as previously disclosed, in June 2014, the FDA granted final
approval to Upsher-Smith Laboratories, Inc.'s ("Upsher-Smith")
testosterone gel product, VogelxoTM for which Upsher-Smith had
filed a 505(b)(2) New Drug Application using Testim as the
reference drug, and, in July 2014, Upsher-Smith launched Vogelxo
and an authorized generic version of Vogelxo, known as
testosterone gel.

                          About Auxilium

Auxilium Pharmaceuticals, Inc. -- http://www.Auxilium.com/-- is a
fully integrated specialty biopharmaceutical company with a focus
on developing and commercializing innovative products for
specialist audiences.  With a broad range of first- and second-
line products across multiple indications, Auxilium is an emerging
leader in the men's healthcare area and has strategically expanded
its product portfolio and pipeline in orthopedics, dermatology and
other therapeutic areas.

Auxilium now has a broad portfolio of 12 approved products.  Among
other products in the U.S., Auxilium markets edex(R) (alprostadil
for injection), an injectable treatment for erectile dysfunction,
Osbon ErecAid(R), the leading device for aiding erectile
dysfunction, STENDRATM (avanafil), an oral erectile dysfunction
therapy, Testim(R) (testosterone gel) for the topical treatment of
hypogonadism, TESTOPEL(R) (testosterone pellets) a long-acting
implantable testosterone replacement therapy, XIAFLEX(R)
(collagenase clostridium histolyticum or CCH) for the treatment of
Peyronie's disease and XIAFLEX for the treatment of Dupuytren's
contracture.

The Company also has programs in Phase 2 clinical development for
the treatment of Frozen Shoulder syndrome and cellulite.

The Company's balance sheet at June 30, 2014, showed $1.11 billion
in total assets, $936 million in total liabilities and
$179 million in total stockholders' equity.

                           *     *     *

As reported by the TCR on May 7, 2014, Moody's Investors Service
downgraded the ratings of Auxilium Pharmaceuticals, Inc.,
including the Corporate Family Rating to B3 from B2.  "The
downgrade reflects Moody's expectations that declines in Testim,
Auxilium's testosterone gel, will materially reduce EBITDA
in 2014, resulting in negative free cash flow, a weakening
liquidity profile, and extremely high debt/EBITDA," said Moody's
Senior Vice President Michael Levesque.

The TCR reported on Sept. 23, 2014, that Standard & Poor's Ratings
Services raised its corporate credit rating on Auxilium to 'CCC+'
following the announced restructuring program and a $50 million
add-on to its existing first-lien term loan.


BRIGHT MOUNTAIN: Reports $345K Net Loss for Q3 of 2014
------------------------------------------------------
Bright Mountain Acquisition Corp. filed its quarterly report on
Form 10-Q, reporting a net loss of $345,000 on $277,000 of total
revenue for the three months ended Sept. 30, 2014, compared with a
net loss of $259,000 on $152,000 of total revenue for the same
period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed
$1.65 million in total assets, $224,000 in total liabilities, and
a stockholders' equity of $1.43 million.

The Company sustained a net loss attributable to common
shareholders of $1.12 million and used cash in operating
activities of $1.26 million for the nine months ended Sept. 30,
2014.  The Company had an accumulated deficit of $4.08 million at
Sept. 30, 2014.

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

                       http://is.gd/qe6IQI

Bright Mountain Acquisition Corp. engages in the developing of a
personal website portal.  It owns and manages websites which are
customized to provide its niche users, including military, law
enforcement and first responders with information and news that is
of interest to them.  The company sells various products through
its website and third party portals such as Amazon.com and
Ebay.com.  The company was founded on May 20, 2010 and is
headquartered in Boca Raton, FL.


DANDRIT BIOTECH: Illiquidity, Losses Raise Going Concern Doubt
--------------------------------------------------------------
DanDrit Biotech USA, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing
a net loss of $535,243 on $nil of revenues for the three months
ended Sept. 30, 2014, compared to a net loss of $371,546 on $925
of revenues for the same period during the prior year.

The Company's balance sheet at Sept. 30, 2014, showed $2.55
million in total assets, $4.93 million in total liabilities and
total stockholders' deficit of $2.38 million.

The Company has incurred significant losses, has not yet been
successful in establishing profitable operations and has current
assets in excess of current liabilities.  These factors raise
substantial doubt about the ability of the Company to continue as
a going concern as of Sept. 30, 2014, according to the regulatory
filing.

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

                       http://is.gd/hNOpta

DanDrit Biotech USA, Inc., a biotechnology company, develops
vaccine for the treatment of colorectal cancer primarily in the
United States, Europe, and Asia.  Its lead compound includes
MelCancerVac(MCV), a cellular therapy, which is in a comparative
Phase IIb/III clinical trial for advanced colorectal cancer.  It
also develops MelVaxin that is similar to the lysate component of
MCV for injecting into the skin to promote natural dendritic cell
responses that will attack the tumor expressing cancer/testis
antigens.  The company was founded in 2001 and is headquartered in
Copenhagen, Denmark.


DAUGHTERS OF CHARITY: Union Says Bankruptcy Option Unnecessary
--------------------------------------------------------------
Healthcare workers emphasized on Dec. 17 that the bankruptcy or
closure of any of the six hospitals owned by Daughters of Charity
Health System is unnecessary because there is a stronger
alternative buyer than the controversial Prime Healthcare.

"As flawed as Prime Healthcare is, it would not be responsible for
us to oppose the transaction unless there was an immediate, viable
alternative available to continue the operation of DCHS in a
manner that better serves the public interest," said Dave Regan,
president of SEIU-United Healthcare Workers West, in a letter sent
to California legislators who have publicly opposed the
controversial transaction.  "Fortunately, such an alternative
exists in the form of Blue Wolf Capital."

In fact, the Prime Healthcare bid contains a bankruptcy
contingency, whereas the Blue Wolf bid disavows bankruptcy as an
option.

In his letter, Mr. Regan describes how Daughters of Charity passed
over a stronger bid from Blue Wolf Capital, which dedicates $300
million to capital improvements -- twice as much as Prime
Healthcare, preserves workers' pensions in a way that saves the
system money without reducing benefits, and doesn't rely on junk
bonds for financing.

In addition, an $11.5 million windfall for executives at Daughters
of Charity is understood to be a driving force behind the hospital
system choosing Prime Healthcare to buy its six facilities.

"It is outrageous that an individual who leads a safety-net,
mission-driven hospital system should be paid the kind of money
Mr. Issai has been paid to fail miserably, and then demand
millions more as he exits the stage," said Mr. Regan, referring to
Daughters CEO Robert Issai, whose last reported compensation is
more than $3 million despite the system losing $10 million each
month over the past year.  "It ought to be illegal for such an
individual to enrich himself and his favored bidder through the
mismanagement and usurpation of vital community assets."

According to the purchase agreement between Daughters of Charity
and Prime, Mr. Issai stands to reap a large portion of his last
reported compensation of $3 million, and the other top executives
at Daughters would receive the remainder of the $11.5 million at
the time of closing.

California Attorney General Kamala Harris must approve or reject
the deal before Feb. 12, 2015.  Opponents of the sale include
State Controller John Chiang, 18 members of the California
Congressional delegation, 54 current or former state legislators,
San Francisco Mayor Ed Lee, county and city elected officials,
doctors, nurses, community organizations, and union members
representing two million workers.

Daughters of Charity announced Oct. 10 that it chose Prime
Healthcare as the lead bidder for the six-hospital, safety-net
system and would negotiate with Prime exclusively. Concern lies
with Prime Healthcare's dismal record and business practices:

Prime admitted that it is under federal investigation for
allegedly overbilling the federal government;

Prime paid $370,000 in federal and state fines after deliberately
violating a patient's privacy by sharing her records with
journalists and 800 employees;

A group of doctors in San Bernardino County sued Prime Healthcare
last year when the company denied them access to their own
patients;

The company's Desert Valley Hospital was sanctioned by the
California Department of Public Health for improper care resulting
in a patient's death; and

Prime's Garden Grove hospital was cited by the State of California
after a patient was administered a lethal dose of a powerful
sedative.

Daughters of Charity owns Seton Medical Center, Daly City; Seton
Coastside, Moss Beach; O'Connor Hospital, San Jose; Saint Louise
Regional Hospital, Gilroy; St. Vincent Medical Center, Los
Angeles; and St. Francis Medical Center, Lynwood.

            About SEIU-United Healthcare Workers West

SEIU-United Healthcare Workers West (SEIU-UHW) is the largest
hospital and healthcare union in the western United States with
more than 150,000 members.

          About The Daughters of Charity Health System

The Daughters of Charity Health System (DCHS) is a regional health
care system of six hospitals and two nursing colleges spanning the
California coast from the San Francisco Bay Area to Los Angeles.


DBSI INC: Another Executive Sentenced for Role in Fraud
-------------------------------------------------------
Jacqueline Palank, writing for The Wall Street Journal, reported
that Gary W. Bringhurst joins former DBSI Inc. President Douglas
L. Swenson and three other former officials in receiving sentences
for their roles in the fraud-driven collapse of the Idaho real-
estate firm.

According to the report, Mr. Bringhurst was sentenced to five
years of probation, including 60 days of intermittent
imprisonment, after he pleaded guilty to conspiracy to commit
securities fraud.

                         About DBSI Inc.

Headquartered in Meridian, Idaho, DBSI Inc. and its affiliates
were engaged in numerous commercial real estate and non-real
estate projects and businesses.  On Nov. 10, 2008, and other
subsequent dates, DBSI and 180 of its affiliates filed for
Chapter 11 protection (Bankr. D. Del. Lead Case No. 08-12687).
DBSI estimated assets and debts between $100 million and
$500 million as of the Chapter 11 filing.

Lawyers at Young Conaway Stargatt & Taylor LLP represent the
Debtors as counsel.  The Official Committee of Unsecured Creditors
tapped Greenberg Traurig, LLP, as its bankruptcy counsel.
Kurtzman Carson Consultants LLC is the Debtors' notice claims and
balloting agent.

Joshua Hochberg, a former head of the Justice Department fraud
unit, served as an Examiner and called the seller and servicer of
fractional interests in commercial real estate an "elaborate shell
game" that "consistently operated at a loss" in his report
released in October 2009.  McKenna Long & Aldridge LLP was counsel
to the Examiner.

On Sept. 11, 2009, the Honorable Peter J. Walsh entered an Order
appointing James R. Zazzali as Chapter 11 trustee for the Debtors'
estates.  On Oct. 26, 2010, the trustee won confirmation of the
Second Amended Joint Chapter 11 Plan of Liquidation for DBSI,
paving the way for it to pay creditors and avoid years of
expensive litigation over its complex web of affiliates.  The
plan, which was declared effective Oct. 29, 2010, was co-proposed
by DBSI's unsecured creditors committee.

Pursuant to the confirmed Chapter 11 plan, the DBSI Real Estate
Liquidating Trust was established as of the effective date and
certain of the Debtors' assets, including the Debtors' ownership
interest in Florissant Market Place was transferred to the RE
Trust.  Mr. Zazzali and Conrad Myers were appointed as the post-
confirmation trustees.  Messrs. Zazzali and Myers are represented
by lawyers at Blank Rime LLP and Gibbons P.C.


dELiA*s INC: Seeks to Employ Clear Thinking as Financial Advisor
----------------------------------------------------------------
dELiA*s, Inc., et al., seek authority from the U.S. Bankruptcy
Court for the Southern District of New York to employ Clear
Thinking Group LLC as their financial advisor to provide financial
advisory services and actively lead and manage the Debtors'
Chapter 11 cases.

CTG has provided and will provide on an ongoing basis the
following services:

   (a) Assist in the evaluation of the Debtor's business and
       prospects;

   (b) Assist the Debtor in preparing marketing materials in
       conjunction with the sale or liquidation of some or all of
       the Debtor's assets;

   (c) Assist in the development of financial data and
       presentations to the Debtor's Board of Directors, secured
       lender, landlords, various creditors, the Court and other
       third parties;

   (d) Assist with the preparation of necessary schedules, budgets
       and court related reporting;

   (e) Analyze various liquidation scenarios and potential impact
       of these scenarios on the recoveries of those stakeholders
       impacted by the Debtor's partial or full liquidation;

   (f) Participate in negotiation among the Debtor and its
       creditors, suppliers, lessors, landlords and other
       parties-in-interest;

   (g) Assist in arranging debtor in possession financing for the
       Debtor, as requested; and

   (h) Provide other advisory services as customarily provided in
       connection with the proceedings under Chapter 11 of the
       Bankruptcy Code.

The Debtors will pay CTG professionals the following hourly rates:

     Partner                   $350
     Managing Director         $300
     Manager/Consultant        $275

In addition to the fees, the Debtors have agreed to pay directly,
or reimburse CTG directly, for all reasonable out-of-pocket
expenses incurred in connection with CTG's engagement.

The Debtors paid CTG a retainer of $75,000.  In the 90 days prior
to the Petition Date, CTG received $350,554.

Lee A. Diercks, a partner of Clear Thinking Group LLC, assures the
Court that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.
Mr. Diercks, however, discloses that CTG is currently providing
services to Wells Fargo Commercial Finance - Trade Capital
Division, a factor of the Debtors, on a matter unrelated to the
Debtors.  CTG, Mr. Diercks adds, has provided past services to
Tops & Downs, a vendor of the Debtors, in matters unrelated to the
Debtors.  Moreover, CTG has also provided past services to the
following potential parties-in-interest in the past, all on
matters unrelated to the Debtors: (i) Salus Capital Partners, (ii)
Wells Fargo Commercial Finance, (iii) Wells Fargo Business Credit,
(iv) CIT Group, (v) Capital Factors, and (vi) GE Capital.

The Debtors will present their employment application for Court
approval on Dec. 29, 2014, at 10:00 a.m. (Eastern Time).
Objections are due Dec. 26.

                        About DELIA*S INC.

Launched in 1993, DELIA*S INC., is a retailer which sells apparel,
accessories, footwear, and cosmetics marketed primarily to teenage
girls and young women.  The dELiA*s brand products are sold
through the Company's mall-based retail stores, direct mail
catalogs and e-commerce Web sites.  As of the bankruptcy filing,
dELiA*s owns and operates 92 stores in 29 states.

On Dec. 7, 2014, dELiA*s and eight of its subsidiaries each filed
a voluntary petition for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. S.D.N.Y.).  The Debtors have
requested that their cases be jointly administered under Case No.
14-23678.

The Debtors have tapped Piper LLP (US) as counsel, Clear Thinking
Group LLC, as restructuring advisor, Janney Montgomery Scott LLC,
as investment banker, and Prime Clerk LLC as claims agent.

As of the Petition Date, the Debtors had $47 million in total
assets and $50.5 million in liabilities.

The U.S. Trustee for Region 2 has appointed seven members to the
Official Committee of Unsecured Creditors.


dELiA*s INC: U.S. Trustee Names Bonnie Glantz Fatell as Ombudsman
-----------------------------------------------------------------
William K. Harrington, U.S. Trustee for Region 2, appointed Bonnie
Glantz Fatell as consumer privacy ombudsman in the Chapter 11
cases of dELiA*s, Inc., and its debtor affiliates.

Under Section 332(b) of the Bankruptcy Code, the consumer privacy
ombudsman will provide the court information to assist the court
in its consideration of the facts, circumstances, and conditions
of the proposed sale or lease of personally identifiable
information under Section 363(b)(1)(B).  The information may
include presentation of:

   (1) the debtor's privacy policy;

   (2) the potential losses or gains of privacy to consumers if
       the sale or the lease is approved by the court;

   (3) the potential costs or benefits to consumers if the sale or
       lease is approved by the court; and

   (4) the potential alternatives that would mitigate potential
       privacy losses or potential costs to consumers.

Ms. Fatell may be reached at:

         Bonnie Glantz Fatell, Esq.
         BLANK ROME LLP
         1201 N. Market Street, Suite 800
         Wilmington, DEL 19801
         Tel: (302) 425-6423
         E-mail: Fatell@BlankRome.com

                        About DELIA*S INC.

Launched in 1993, DELIA*S INC., is a retailer which sells apparel,
accessories, footwear, and cosmetics marketed primarily to teenage
girls and young women.  The dELiA*s brand products are sold
through the Company's mall-based retail stores, direct mail
catalogs and e-commerce Web sites.  As of the bankruptcy filing,
dELiA*s owns and operates 92 stores in 29 states.

On Dec. 7, 2014, dELiA*s and eight of its subsidiaries each filed
a voluntary petition for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. S.D.N.Y.).  The Debtors have
requested that their cases be jointly administered under Case No.
14-23678.

The Debtors have tapped Piper LLP (US) as counsel, Clear Thinking
Group LLC, as restructuring advisor, Janney Montgomery Scott LLC,
as investment banker, and Prime Clerk LLC as claims agent.

As of the Petition Date, the Debtors had $47 million in total
assets and $50.5 million in liabilities.

The U.S. Trustee for Region 2 has appointed seven members to the
Official Committee of Unsecured Creditors.


dELiA*s INC: Has Interim OK to Assume Agency Agreement
------------------------------------------------------
Judge Robert Drain of the U.S. Bankruptcy Court for the Southern
District of New York gave dELiA*s, Inc., et al., interim authority
to assume the agency agreement they entered into with Gordon
Brothers Retail Partners, LLC, and Hilco Merchant Resources, LLC,
under which the agents will sell the retailer's assets through
store closing sales.

The Interim Order provides that it will not (A) prejudice or
affect in any way any right or obligation of any of the Debtors or
or dELiA*s Brand LLC under law or any agreement to seek the
consent of JLP Daisy LLC in connection with the assumption or
assignment to the Agent.

The Court will convene a hearing on Dec. 23, 2014, at 10:00 a.m.,
to consider entry of an order approving the agency agreement on a
final basis.  Any objections to the continuation of the sale
following the interim hearing or to the approval of the motion
must be filed no later than Dec. 22.

The Agents may be reached at:

         Gordon Brothers Retail Partners, LLC
         Prudential Tower
         800 Boylston Street
         Boston, MA 02119
         Attn: Michael Chartock
         Tel: (617) 210-7116
         E-mail: mchartock@gordonbrothers.com

            -- and --

         Hilco Merchant Resources, LLC
         5 Revere Drive, Suite 206
         Northbrook, IL 60062
         Attn: Ian S. Fredericks
         Tel: (847) 418-2075
         Email: ifredericks@hilcotrading.com

The Agents are represented by:

         James F. Wallack, Esq.
         Gregory O. Kaden, Esq.
         GOULSTON & STORRS PC
         400 Atlantic Avenue
         Boston, MA 02110-3333
         Tel: (617) 482-1776
         Fax: (617) 574-4112
         E-mail: jwallack@goulstonstorrs.com
                 gkaden@goulstonstorrs.com

                        About DELIA*S INC.

Launched in 1993, DELIA*S INC., is a retailer which sells apparel,
accessories, footwear, and cosmetics marketed primarily to teenage
girls and young women.  The dELiA*s brand products are sold
through the Company's mall-based retail stores, direct mail
catalogs and e-commerce Web sites.  As of the bankruptcy filing,
dELiA*s owns and operates 92 stores in 29 states.

On Dec. 7, 2014, dELiA*s and eight of its subsidiaries each filed
a voluntary petition for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. S.D.N.Y.).  The Debtors have
requested that their cases be jointly administered under Case No.
14-23678.

The Debtors have tapped Piper LLP (US) as counsel, Clear Thinking
Group LLC, as restructuring advisor, Janney Montgomery Scott LLC,
as investment banker, and Prime Clerk LLC as claims agent.

As of the Petition Date, the Debtors had $47 million in total
assets and $50.5 million in liabilities.

The U.S. Trustee for Region 2 has appointed seven members to the
Official Committee of Unsecured Creditors.


dELiA*s INC: Court Extends Schedules Filing Date
------------------------------------------------
Judge Robert Drain of the U.S. Bankruptcy Court for the Southern
District of New York extended the time within which dELiA*s, Inc.,
et al., must file their schedules of assets and liabilities and
statements of financial affairs until the date that is three days
before the date on which the U.S. Trustee holds the initial
meeting of creditors under Section 341 of the Bankruptcy Code.

                        About DELIA*S INC.

Launched in 1993, DELIA*S INC., is a retailer which sells apparel,
accessories, footwear, and cosmetics marketed primarily to teenage
girls and young women.  The dELiA*s brand products are sold
through the Company's mall-based retail stores, direct mail
catalogs and e-commerce Web sites.  As of the bankruptcy filing,
dELiA*s owns and operates 92 stores in 29 states.

On Dec. 7, 2014, dELiA*s and eight of its subsidiaries each filed
a voluntary petition for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. S.D.N.Y.).  The Debtors have
requested that their cases be jointly administered under Case No.
14-23678.

The Debtors have tapped Piper LLP (US) as counsel, Clear Thinking
Group LLC, as restructuring advisor, Janney Montgomery Scott LLC,
as investment banker, and Prime Clerk LLC as claims agent.

As of the Petition Date, the Debtors had $47 million in total
assets and $50.5 million in liabilities.

The U.S. Trustee for Region 2 has appointed seven members to the
Official Committee of Unsecured Creditors.


dELiA*s INC: Court Issues Joint Administration Order
----------------------------------------------------
Judge Robert Drain of the U.S. Bankruptcy Court for the Southern
District of New York issued an order directing joint
administration of the Chapter 11 cases of dELiA*s, Inc., and its
debtor affiliates under lead case no. 14-23678.

                        About DELIA*S INC.

Launched in 1993, DELIA*S INC., is a retailer which sells apparel,
accessories, footwear, and cosmetics marketed primarily to teenage
girls and young women.  The dELiA*s brand products are sold
through the Company's mall-based retail stores, direct mail
catalogs and e-commerce Web sites.  As of the bankruptcy filing,
dELiA*s owns and operates 92 stores in 29 states.

On Dec. 7, 2014, dELiA*s and eight of its subsidiaries each filed
a voluntary petition for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. S.D.N.Y.).  The Debtors have
requested that their cases be jointly administered under Case No.
14-23678.

The Debtors have tapped Piper LLP (US) as counsel, Clear Thinking
Group LLC, as restructuring advisor, Janney Montgomery Scott LLC,
as investment banker, and Prime Clerk LLC as claims agent.

As of the Petition Date, the Debtors had $47 million in total
assets and $50.5 million in liabilities.

The U.S. Trustee for Region 2 has appointed seven members to the
Official Committee of Unsecured Creditors.


DERMIRA INC: Expects to Incur Additional Losses in the Future
-------------------------------------------------------------
Dermira Inc. filed its quarterly report on Form 10-Q, reporting a
net loss of $7.85 million on $nil of total revenue for the three
months ended Sept. 30, 2014, compared with a net loss of $4.67
million on $nil of total revenue for the same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed
$59.6 million in total assets, $20.5 million in total liabilities,
convertible preferred stock of $113 million and a stockholders'
deficit of $74.31 million.

The Company expects to incur additional losses in the future as it
conduct research and development and pre-commercialization
activities, and potential commercialization and marketing
activities, and to support the administrative and reporting
requirements of a public company.

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

                        http://is.gd/oeXBYC

Redwood City, Calif.-based Dermira Inc. is a biopharmaceutical
company focused on bringing medical dermatology products to
dermatologists and their patients.  The Company's portfolio of
five product candidates includes three late-stage product
candidates, Cimzia (certolizumab pegol), which the Company is
developing in collaboration with UCB Pharma S.A. for the treatment
of moderate-to-severe plaque psoriasis, DRM04, which the Company
is developing for the treatment of hyperhidrosis, or excessive
sweating, and DRM01, which the Company is developing for the
treatment of acne.  The Company also has two early-stage programs
in preclinical development for the treatment of inflammatory skin
diseases and acne.


DOTS LLC: Court Approves Fifth Amendment to DIP Credit Facility
---------------------------------------------------------------
Bankruptcy Judge Donald H. Steckroth signed off a consent order
approving a fifth amendment to Dots, LLC, et al.'s DIP credit
agreement.  The Debtors are authorized, until the termination date
to request extensions of credit solely in accordance with the
Fifth Amendment and the approved budget.

As reported in the Troubled Company Reporter on Jan. 24, 2014, the
Debtors were authorized to enter into a senior secured,
superpriority postpetition credit facility from Salus Capital
Partners, LLC, as administrative and collateral agent, and other
lenders in the aggregate amount of up to $36,000,000.

As of the Petition Date, the Debtors have outstanding secured debt
owed to senior lender Salus Capital Partners, LLC, of which
$14.5 million remains outstanding under a revolving facility and
$16.1 million is owed under a term facility.  The Debtors also
have not less than $10.35 million outstanding under a subordinated
term loan agreement with Irving Place Capital Partners III L.P.,
Irving Place Capital III Feeder Fund, L.P., Irving Place Capital
Partners III Coinvestors L.P.

Other salient terms of the DIP facility are:

   -- The postpetition credit facility will consist of (i) a
revolving loan in the maximum principal amount of $20,000,000 and
(ii) a term loan in the amount of $16,000,000.

   -- All obligations under the DIP facility will constitute
administrative expense of the loan parties.  Subject only to the
carve-out, the administrative claim will have priority over any
and all administrative expense claims.

   -- There will be a carve-out of $350,000 with respect to
counsel for the Debtors and $50,000 with respect to allowed
professional fees of the Committee's case professionals.

   -- Interest pricing would be LIBO Rate + 8.50% for the DIP
revolver and LIBO Rate + 9.25% for the DIP Term Loan.

   -- Upon the occurrence and during the continuance of an Event
of Default, the interest rate and the letter of credit fees will
be increased to 4% above the amounts otherwise applicable.

                         About DOTS LLC

Dots is a retailer of fashionable clothing, accessories, and
footwear for price-conscious women.  Dots provides missy and plus
size choices to fashion savvy 25 to 35 year old women at
approximately 400 retail stores throughout the Midwest, East, and
South United States.  Dots' workforce includes 3,500 individuals
in their stores, distribution center, and corporate headquarters.

Dots, LLC, and its affiliates sought bankruptcy protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No.
14-11016) on Jan. 20, 2014, to sell some or all of their assets.

Lowenstein Sandler LLP serves as counsel to the Debtors.
PricewaterhouseCoopers LLP is financial advisor and investment
banker.  Donlin, Recano & Company, Inc., is the claims and notice
agent.

As of the Petition Date, the Debtors have outstanding secured debt
owed to senior lender Salus Capital Partners, LLC, of which
$14.5 million remains outstanding under a revolving facility and
$16.1 million is owed under a term facility.  The Debtors also
have not less than $17 million outstanding under subordinated term
loan agreements with Irving Place Capital Partners III L.P.
("IPC") and related entities.  Moreover, the Debtors have
aggregate unsecured debts of $47.0 million.  The Debtors disclosed
$51,574,560 in assets and $85,442,656 in liabilities as of the
Chapter 11 filing.

Salus, the prepetition senior lender and the DIP lender, is
represented by Morgan, Lewis & Bockius, LLP.  The prepetition
subordinated lenders are represented by Okin Hollander & DeLuca,
LLP.

The Company has arranged to borrow $36 million to keep operating
as it reorganizes under court protection.

Otterbourg P.C. serves as counsel to the Official Committee of
Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.


DYNASIL CORP: Posts $2.1 Million Net Income in Fiscal 2014
----------------------------------------------------------
Dynasil Corporation of America filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K disclosing net
income attributable to common stockholders of $2.07 million on
$42.31 million of net revenue for the year ended Sept. 30, 2014,
compared to a net loss attributable to common stockholders of
$8.72 million on $42.75 million of net revenue for the year ended
Sept. 30, 2013.

As of Sept. 30, 2014, the Company had $26.37 million in total
assets, $12.06 million in total liabilities and $14.31 million in
total stockholders' equity.

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

                       http://is.gd/nnBsMj

                          About Dynasil

Watertown, Mass.-based Dynasil Corporation of America (NASDAQ:
DYSL) -- http://www.dynasil.com/-- develops and manufactures
detection and analysis technology, precision instruments and
optical components for the homeland security, medical and
industrial markets.

The Company incurred a net loss of $8.72 million for the year
ended Sept. 30, 2013, as compared with a net loss of $4.30 million
for the year ended Sept. 30, 2012.

As of June 30, 2014, the Company had $26.47 million in total
assets, $12.20 million in total liabilities and $14.26 million in
total stockholders' equity.

                Going Concern/Bankruptcy Warning

McGladrey LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Sept. 30, 2013.  The independent auditors noted that
the Company is in default with the financial covenants set forth
in the terms of its outstanding loan agreements (and may enter
into a forbearance arrangement with its lenders) and has sustained
substantial losses from operations for the years ended Sept. 30,
2013 and 2012.  These factors, among others, raise substantial
doubt about the Company's ability to continue as a going concern.

"If our lenders were to accelerate our debt payments, our assets
may not be sufficient to fully repay the debt and we may not be
able to obtain capital from other sources at favorable terms or at
all.  If additional funding is required, this funding may not be
available on favorable terms, if at all, or without potentially
very substantial dilution to our stockholders.  If we do not raise
the necessary funds, we may need to curtail or cease our
operations, sell certain assets and/or file for bankruptcy, which
would have a material adverse effect on our financial condition
and results of operations," the Company said in its annual report
for the year ended Sept. 30, 2013.


DYNAVOX INC: Texas Comptroller Balks at Plan Confirmation
---------------------------------------------------------
The Texas Comptroller of Public Accounts objected to the
confirmation of Dynavox Inc., et al.'s First Amended Plan of
Liquidation, stating that must not confirm the Plan until the Plan
and Liquidating Trust Agreements make clear that all future
franchise tax returns due from the estates and Liquidating Estates
are timely filed and all taxes are paid.

The Texas Comptroller has potential administrative tax claims in
the case for postpetition periods, and potentially for
postconfirmation periods.  These potential tax claims include
franchise tax returns that will become due from the estates or the
Liquidating Estates for Texas franchise taxes.

As reported in the Troubled Company Reporter on Nov. 21, 2014,
Judge Peter J. Walsh approved the disclosure statement explaining
the Debtors' first amended joint plan of liquidation and scheduled
a confirmation hearing for Dec. 22, 2014, at 2:00 p.m.  Any party
that objects to Confirmation of the Plan must file and serve its
objection and evidence in support thereof by Dec. 15.

The Debtors filed with the Bankruptcy Court a plan and
accompanying disclosure statement following the sale of
substantially all of their assets to Tobii Technology AB for
$18 million.  All classes of claims under the Plan are unimpaired
and holders of the claims are deemed to accept the treatment of
their claims.  A full-text copy of the First Amended Disclosure
Statement dated Nov. 17, 2014, is available at:

           http://bankrupt.com/misc/DYNAVOXds1117.pdf

                         About Dynavox Inc.

DynaVox Intermediate LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case No. 14-10785) on April 6, 2014.  Two of its
affiliates, DynaVox Inc. and DynaVox Systems Holdings LLC, also
filed for bankruptcy (Case Nos. 14-10791 and 14-10790) the
following day.  The Debtors estimated assets and debts of at least
$10 million.  Cousins, Chipman & Brown, LLP, serves as the
Debtors' counsel.  Judge Peter J. Walsh presides over the case.

DynaVox Inc. (OTC: DVOX) is a holding Company with its
headquarters in Pittsburgh, Pennsylvania, whose primary operating
entities are DynaVox Systems LLC and Mayer-Johnson LLC.  DynaVox
provides speech generating devices and symbol-adapted special
education software to assist individuals in overcoming their
speech, language and learning challenges.

The Troubled Company Reporter, on May 30, 2014, citing Bill
Rochelle, the bankruptcy columnist for Bloomberg News, reported
that the Bankruptcy Court approved the sale of DynaVox Inc.'s
business for $18 million to Tobii Technology AB from Danderyd,
Sweden.  The price fully pays $14.5 million in secured debt owing
to JEC-BR Partners LLC, a venture between FEC-BR Partners LLC and
JEC Capital Partners LLC.


EL POLLO LOCO: S&P Withdraws 'B' CCR at Company's Request
---------------------------------------------------------
Standard & Poor's Ratings Services withdrew all its ratings on El
Pollo Loco Holdings Inc., including the 'B' corporate credit
rating and 'B' issue-level rating and '3' recovery rating on the
senior secured credit facility, at the company's request.  At the
time of the withdrawal the outlook was stable.


EMMAUS LIFE: Needs Additional Funds to Meet Obligations
-------------------------------------------------------
Emmaus Life Sciences, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing
a net loss of $3.73 million on $155,644 of net revenues for the
three months ended Sept. 30, 2014, compared to a net loss of $4.33
million on $66,129 of net revenues for the same period in the
prior year.

The Company's balance sheet at Sept. 30, 2014, showed $3.66
million in total assets, $23.62 million in total liabilities and
total stockholders' deficit of $19.96 million.

The Company had losses for the nine months ended Sept.30, 2014,
totaling $17.84 million.  In addition, the Company has a
significant amount of notes payable and other obligations due
within the next twelve months and is projecting that its operating
losses and expected capital needs, including the expected costs
relating to the commercialization of the Company's pharmaceutical
grade L-glutamine treatment for SCD, will exceed its existing cash
balances and cash expected to be generated from operations for the
foreseeable future.  In order to meet the Company's expected
obligations, management intends to raise additional funds through
equity and debt financings and partnership agreements.  However,
there can be no assurance that the Company will be able to
complete any additional equity or debt financings or enter into
partnership agreements.  Therefore, due to the uncertainty of the
Company's ability to meet its current operating and capital
expenses, there is substantial doubt about the Company's ability
to continue as a going concern, as the continuation and expansion
of its business is dependent upon obtaining further financing,
receiving FDA and other regulatory approval of its products,
successful and sufficient market acceptance of its products, and
finally, achieving a profitable level of operations.

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

                       http://is.gd/LvrXyg

Emmaus Life Sciences, Inc., is engaged in the discovery,
development, and commercialization of treatments and therapies
primarily for rare and orphan diseases.  This biopharmaceutical
company's headquarters is in Torrance, California.


ENERGY FUTURE: Authorized to Ink Deal on Comache Peak Venture
-------------------------------------------------------------
The Bankruptcy Court authorized certain debtors in the Chapter 11
cases of Energy Future Holdings Corp., et al., to enter into
agreements regarding Mitsubishi Heavy Industries, Ltd., et al.'s
withdrawal from Comache Peak Joint Venture.

Luminant is also authorized to pay (a) the costs associated with
preserving the license application and (b) property taxes related
to the site of the new units, together in the aggregate amount not
to exceed $125,000 each calendar year.

As reported in the Troubled Company Reporter on Nov. 28, 2014,
the Debtors asked the Bankruptcy Court for authorization to enter
into certain agreement providing for the withdrawal of the
participation of Mitsubishi Heavy Industries, Ltd. and its
affiliates, Mitsubishi Nuclear Energy Systems, Inc. and MHI
Nuclear North America, Inc., from the Comanche Peak Joint Venture.
By the motion, the Debtors also request that the Comanche Peak
Joint Venture be wholly owned and controlled by the Debtors.

Together with Luminant and Luminant's parent entity, EFH Corp.,
the entities formed a joint venture for the purposes of holding
the assets of, and conducting the development, construction, and
operating activities of, two new nuclear generation units and the
use of an advanced type of nuclear reactor at the New Units called
the US-Advanced Pressurized Water Reactor.  The terms were
memorialized in a limited liability company agreement, as amended
in January 2009.

The withdrawal agreements consist of, among other things
redemption of MHI's Interests in the Comanche Peak Joint Venture.
MHI will relinquish its membership interests in the Comanche Peak
Joint Venture or claims related to the assets or operations of
Comanche Peak LLC and existing and future nuclear units built by
Comanche Peak LLC.

                       About Energy Future

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

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

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

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

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

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

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

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

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


ENERGY FUTURE: Panel Has Until Feb. 12 to Challenge Stipulations
----------------------------------------------------------------
The Bankruptcy Court approved a stipulation and consent order
extending certain the Official Committee of Unsecured Creditors'
challenge deadline in the final order authorizing Energy Future
Holdings Corp., et al. to use cash collateral.

The stipulation provides that, among other things, the deadline
established for parties-in-interest, including without limitation,
the creditors committee, to challenge the stipulations and
admissions contained in the final cash collateral order is
extended to Feb. 12, 2015, subject to further extensions by
written agreement.

The stipulation was entered among the Debtors; Wilmington Trust,
N.A., as successor collateral agent and successor administrative
agent under that certain credit agreement dated as of Oct. 10,
2007, as amended; Delaware Trust Company formerly known as CSC
Trust Company of Delaware, as successor indenture Trustee under
that certain indenture dated April 19, 2011, for the 11.5% senior
secured notes due Oct. 1, 2020, and the unofficial committee of
certain unaffiliated holders of, inter alia, first lien senior
secured claims against the TCEH Debtors.

On June 6, 2014, the Court entered the final order authorizing the
use of cash collateral for Texas Competitive Electric Holdings
Company LLC and certain of its debtor affiliates.  Thereafter, the
Court entered several stipulation and consent orders extending
certain deadline in the final cash collateral order.

                       About Energy Future

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

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

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

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

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

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

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

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

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


EVERYWARE GLOBAL: Daniel Taylor Quits as SVP Operations
-------------------------------------------------------
Daniel Taylor, senior vice president operations & Supply Chain of
EveryWare Global, Inc., resigned from the Company effective
Jan. 2, 2015, according to a regulatory filing with the U.S.
Securities and Exchange Commission.

Meanwhile, the Company entered into a confidential separation
agreement and general release with Umberto Filice in connection
with his previously announced departure.  The Filice Agreement
provides, among other things, that Mr. Filice' separation will be
effective on Jan. 9, 2015, and the Company will pay a lump-sum
payment in the amount of $50,000, less all applicable withholdings
and taxes.

In the Filice Agreement, Mr. Filice agreed to certain
confidentiality and non-disparagement covenants with the Company
and released and discharged past and present claims against the
Company, its current, former, and successor affiliates (including
without limitation its subsidiary, Anchor Hocking, LLC), and its
current and former directors, officers, owners, employees,
employee benefit plans and agents.

                         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.


FOREST OIL: Sells Arkoma Assets to Camterra for $185 Million
------------------------------------------------------------
Forest Oil Corporation entered into an agreement for purchase and
sale of assets with Camterra Resources Partners, Ltd, on Nov. 17,
2014.  Pursuant to the purchase and sale agreement, Forest agreed
to sell to Camterra natural gas properties located in the Arkoma
Basin and various other related assets.  The transaction closed on
Dec. 15, 2014, according to a regulatory filing with the U.S.
Securities and Exchange Commission.

The sales price of the Arkoma Assets was approximately $185
million, subject to customary adjustments to reflect an economic
effective date of Oct. 1, 2014.  Forest received $9 million of the
sales price as a deposit upon execution of the purchase and sale
agreement and $175 million at closing.

In a separate regulatory filing with the SEC, Forest Oil
registered 20 million shares of common stock issuable under the
Company's 2014 Long Term Incentive Plan for a proposed maximum
aggregate offering price of $7.7 million.  A full-text copy of the
Form S-8 is available for free at http://is.gd/XRMb18

                         About Forest Oil

Forest Oil is an independent oil and gas company engaged in the
acquisition, exploration, development, and production of oil,
natural gas, and natural gas liquids ("NGLs") primarily in North
America.

Ernst & Young LLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent accounting firm noted
that the Company has determined that it expects to fail a
financial covenant in its Credit Facility sometime prior to the
end of 2014, which could result in the acceleration of all
borrowings thereunder and the Company's senior unsecured notes due
2019 and 2020.  This raises substantial doubt about the Company's
ability to continue as a going concern.

The Company's balance sheet at Sept. 30, 2014, the Company had
$927.48 million in total assets, $1.07 billion in total
liabilities and a $148.03 million total shareholders' deficit.

                            *    *    *

As reported by the TCR on Aug. 25, 2014, Standard & Poor's Ratings
Services said that its 'B-' corporate credit rating and its other
ratings on Denver-based Forest Oil Corp. remain on CreditWatch
with positive implications, pending the close of a merger
transaction with Sabine Oil & Gas LLC.


GREAT NORTHERN PAPER: Judge Approves Sale of Paper Mill
-------------------------------------------------------
The Associated Press reported that U.S. Bankruptcy Judge Louis
Kornreich in Bangor, Maine, has approved the $10.5 million sale of
Great Northern Paper's shuttered paper mill to Wisconsin-based
Expera Specialty Solutions that wants to reopen it and bring back
about 200 workers by year's end.  According to AP, the deal with
Expera calls for the buyer to purchase for $7.3 million in cash
and $3.2 million later.

As previously reported by The Troubled Company Reporter, citing
The Wall Street Journal, GNP was selling its assets for
$5.4 million to Los Angeles-based Hackman Capital Partners, an
investment firm that focuses on the purchase and sale of
industrial real estate and equipment.  Hackman has said it doesn't
intend to operate the Great Northern mills themselves and isn't
planning to hang onto the assets for long.  Hackman's offer beat
out a $2.6 million offer from Capital Recovery Group, which led
the bidding, the Journal related.

                    About Great Northern Paper

Headquartered in Millinocket, Maine, Great Northern Paper, Inc.,
one of the largest producers of groundwood specialty papers in
North America, filed for chapter 11 protection on January 9, 2003
(Bankr. Maine, Case No. 03-10048).  Alex M. Rodolakis, Esq., and
Harold B. Murphy, Esq., at Hanify & King, P.C., represented the
Debtor.  When the Company filed for chapter 11 protection, it
listed debts and assets of more than $100 million each.  In early
2003, Belgravia purchased substantially all of the Debtor's assets
for approximately $75 million.  The Maine Bankruptcy Court
converted the Debtor's case to a chapter 7 liquidation proceeding
on May 22, 2003.  Gary M. Growe was the chapter 7 Trustee for the
Debtor's estate.  Jeffrey T. Piampiano, Esq., at Drummond Woodsum
& MacMahon represented the chapter 7 Trustee.

GNP Maine Holdings LLC, dba Great Northern Paper Company, filed a
voluntary petition for Chapter 7 bankruptcy on Sept. 22 (Bankr. D.
Del. Case No. 14-12179) in Wilmington, Delaware.  The next day,
three of Great Northern's trade creditors filed an involuntary
Chapter 7 petition (Bankr. D. Maine Case No. 14-10756).


GREEN MOUNTAIN: Dec. 23 Non-Government Claims Bar Date Set
----------------------------------------------------------
The Bankruptcy Court, in an amended and restated order,
established Dec. 23, 2014, as the deadline for individuals or
entities to file non-government proof of claims against Green
Mountain Management, LLC.

                       About Green Mountain

Green Mountain Management, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ga. Case No. 14-64287) on July 25, 2014.
The petition was signed by Daniel B. Cowart, sole member of
Georgia Flattop Partners, LLC, and chairman of Green Mountain
Management, LLC.  The case is assigned to Judge Barbara Ellis-
Monro.

The Debtor estimated $10 million to $50 million in assets and
debt.  Georgia Flattop Partners, LLC is the managing member and
holders of 93% of the stock.

The Debtor is represented by Sage M. Sigler, Esq., at Alston &
Bird, LLP, in Atlanta.

Daniel B. Cowart has retained as counsel Jimmy C. Luke II, of
MARTIN BAGWELL LUKE, P.C.

UMB Bank serves as Indenture Trustee.  It has retained as counsel
Kevin J. Walsh, Esq. and Colleen A. Murphy, Esq. of MINTZ, LEVIN,
COHN, FERRIS, GLOVSKY & POPEO, P.C.

In a Nov. 14, 2014 term sheet, the Debtor and UMB Bank agreed that
Lee Katz will replace Dan Coward as "GMM Manager" with full
decision making and operational authority over the Debtors.  The
agreement resolves UMB Bank's previous move for an appointment of
a Chapter 11 trustee in the Debtor's case.


GREEN MOUNTAIN: Gets Final Approval to Use Cash Collateral
----------------------------------------------------------
The Bankruptcy Court, in a final order dated Dec. 5, 2014,
authorized Green Mountain Management, LLC, et al., to use cash
collateral; and granting adequate protection to the indenture
trustee.

In a previous order, Bankruptcy Judge Barbara Ellis-Monro
authorized the fourth interim access of the cash collateral.

As reported in the Troubled Company Reporter on Aug. 19, 2014,
Sherri Toub, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reported that the Debtors were
funded by $17 million in bonds issued by the Solid Waste Disposal
Authority of the city of Adamsville, Alabama.

                       About Green Mountain

Green Mountain Management, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ga. Case No. 14-64287) on July 25, 2014.
The petition was signed by Daniel B. Cowart, sole member of
Georgia Flattop Partners, LLC, and chairman of Green Mountain
Management, LLC.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Nov. 24, 2014.

The Debtor estimated $10 million to $50 million in assets and
debt.  Georgia Flattop Partners, LLC is the managing member and
holders of 93% of the stock.

The case is assigned to Judge Barbara Ellis-Monro.

The Debtor is represented by Sage M. Sigler, Esq., at Alston &
Bird, LLP, in Atlanta.


GREEN INNOVATIONS: Revenue Needed to Continue as Going Concern
--------------------------------------------------------------
Green Innovations Ltd. filed its quarterly report on Form 10-Q,
reporting a net loss of $2.06 million on $733,262 of total revenue
for the three months ended Sept. 30, 2014, compared with a net
loss of $2.28 million on $748,000 of total revenue for the same
period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed
$2.21 million in total assets, $10.9 million in total liabilities,
and a stockholders' deficit of $8.74 million.

According to the regulatory filing, the Company sustained net
losses of $5,809,404 and used cash in operating activities of
$800,755 for the nine months ended Sept. 30, 2014.  The Company
had working capital deficit, stockholders' deficiency and
accumulated deficit of $4,030,889, $8,741,452 and $15,350,064,
respectively, at Sept. 30, 2014.  These factors raise substantial
doubt about the ability of the Company to continue as a going
concern for a reasonable period of time.  The Company's
continuation as a going concern is dependent upon its ability to
generate revenues and its ability to continue receiving investment
capital and loans from third parties to sustain its current level
of operations.

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

                       http://is.gd/lBBtsE

                     About Green Innovations

Cape Coral, Fla.-based Green Innovations Ltd. (OTC QB: GNIN) (OTC
BB: GNIN) was formed to develop an Internet social website that
catered to wine lovers.  In August 2012, with the acquisition of
Green Hygienics, Inc., the Company changed its operations to the
business of importing and distributing bamboo-based hygienic
products.  The prior operations of the Company have been abandoned
effective with the acquisition of Green Hygienics.


GT ADVANCED: Goldman, Morgan Stanley Hit With Investor Suit
-----------------------------------------------------------
Law360 reported that pension fund Norfolk County Retirement System
slapped Goldman Sachs & Co., Morgan Stanley & Co. LLC and officers
of bankrupt sapphire manufacturer GT Advanced Technologies Inc.
with the latest shareholder class action in New Hampshire federal
court stemming from its ill-fated $578 million contract with Apple
Inc.

According to the report, the pension fund accuses the defendants
of violating federal securities laws by issuing false and
misleading statements that hid the breadth of the cost overruns
and delays plaguing a 1.4 million-square-foot Arizona sapphire
production facility that GT began retrofitting after Apple put up
a $578 million loan.

                 About GT Advanced Technologies

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

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

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

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. D.N.H. Lead Case No. 14-
11916).  GT says that it has sought bankruptcy protection due to a
severe liquidity crisis brought about by its issues with Apple.

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

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than
2,000 sapphire furnaces that GT Advanced owns and has four years
to sell, with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.


GYPSUM MANAGEMENT: S&P Assigns 'B' Corp. Credit Rating
------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B'
corporate credit rating to Tucker, Ga.-based Gypsum Management &
Supply Inc.  The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating (same as
the corporate credit rating) and '3' recovery rating to GYP
Holdings III Corp.'s $390 million first-lien term loan.  The '3'
recovery rating on the term loan indicates S&P's expectation for
meaningful (50% to 70%) recovery in the event of payment default.

In addition, S&P assigned its 'CCC+' issue-level rating (two
notches below the corporate credit rating) and '6' recovery rating
to GYP Holdings III Corp.'s $160 million second-lien term loan.
The '6' recovery rating on the term loan indicates S&P's
expectation for negligible (0% to 10%) recovery in the event of
payment default.

"The stable outlook reflects our expectation that Gypsum's
forecast 2015 leverage and FFO to debt will be higher than 5x and
lower than 12%, respectively, commensurate with a highly leveraged
financial risk profile," said Standard & Poor's credit analyst
Maurice Austin.  "The outlook also reflects our expectation that
liquidity will remain adequate to meet all of the company's
obligations and that availability under the secured revolving
credit facility will be adequate to fund working capital and
capital spending requirements."

S&P is unlikely to upgrade the company over the next year given
its ownership by a private equity firm and high debt leverage.
Based on S&P's criteria, it would continue to view financial risk
as highly leveraged even if debt to EBITDA did drop below 5x for a
period of time.

S&P views a downgrade to be unlikely over the next 12 months based
on its expectation for favorable market conditions for Gypsum's
business over that timeframe.  However, S&P would lower its rating
if the U.S. housing recovery stalled, resulting in S&P's
assessment of liquidity to be "less than adequate."  This could
occur if the ABL availability declined below $15 million.


HAMPTON BAY DINER: Case Summary & 18 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Hampton Bay Diner Corp.
        157 W Montauk Highway
        Hampton Bays, NY 11946

Case No.: 14-75577

Chapter 11 Petition Date: December 17, 2014

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

Judge: Hon. Robert E. Grossman

Debtor's Counsel: Lane M Bubka, Esq.
                  BUBKA LAW GROUP
                  214 Roanoke Avenue
                  Riverhead, NY 11901
                  Tel: 631-358-5775
                  Fax: 631-358-5775
                  Email: lane@bubkalawgroup.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Maria Vlahadamis, president.

A list of the Debtor's 18 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nyeb14-75577.pdf


HERCULES OFFSHORE: Files Fleet Status Report as of Dec. 16
----------------------------------------------------------
Hercules Offshore, Inc., posted on its Web site at
http://www.herculesoffshore.com/a report entitled "Hercules
Offshore Fleet Status Report".  The Fleet Status Report includes
the Hercules Offshore Rig Fleet Status (as of Dec. 16, 2014),
which contains information for each of the Company's drilling
rigs, including contract dayrate and duration.  The Fleet Status
Report also includes the Hercules Offshore Liftboat Fleet Status
Report, which contains information by liftboat class for November
2014, including revenue per day and operating days.  The Fleet
Status Report is available for free at http://is.gd/477R9O

                      About Hercules Offshore

Hercules Offshore Inc. (NASDAQ: HERO) --
http://www.herculesoffshore.com/-- provides shallow-water
drilling and marine services to the oil and natural gas
exploration and production industry in the United States, Gulf of
Mexico and internationally.  The Company provides these services
to integrated energy companies, independent oil and natural gas
operators and national oil companies.  The Company operates in six
business segments: Domestic Offshore, International Offshore,
Inland, Domestic Liftboats, International Liftboats and Delta
Towing.

Hercules incurred a net loss of $68.11 million in 2013, a net loss
of $127 million in 2012 and a net loss of $76.12 million in 2011.
As of Sept. 30, 2014, the Company had $2.19 billion in total
assets, $1.42 billion in total liabilities and $767.41 million in
stockholders' equity.

                           *     *     *

The Troubled Company Reporter said on April 11, 2013, that
Moody's Investors Service upgraded Hercules Offshore, Inc.'s
Corporate Family Rating to B2 from B3.  Hercules' B2 CFR is
supported by its improved cash flow and lower leverage on the back
of increased drilling activity and higher day-rates in the Gulf of
Mexico (GOM)

Standard & Poor's Ratings Services revised its outlook to negative
from stable on Houston-based Hercules Offshore Inc. and affirmed
its 'B' corporate credit rating on the company, the TCR reported
on Nov. 3, 2014.

"Our ratings on Hercules reflect our assessment of the company's
'vulnerable' business risk profile and 'aggressive' financial risk
profile," said Standard & Poor's credit analyst Stephen Scovotti.
Rating factors include the company's participation in the highly
volatile and competitive shallow-water drilling and marine
services segments of the oil and gas industry, the elevated age of
the company's jack-up rig fleet, S&P's expectation of moderate
free cash flow over the next 12 months, and Hercules' "adequate"
liquidity position.


HOSPITALITY STAFFING: Wants Case Dismissal, Payment of Fees OK'd
----------------------------------------------------------------
Hospitality Liquidation I, LLC, formerly known as HSS Holding,
LLC, et al., ask the Bankruptcy Court to (i) approve the dismissal
of their Chapter 11 cases; (ii) authorize the payment of accrued
and unpaid administrative claims, including professional fees and
all U.S. Trustee fees; (iii) authorize payment of all remaining
funds toward satisfaction of the DIP financing, approved
professional fees and all U.S. Trustee fees; and (iv) approve the
dissolution of the Debtors.

The Debtors propose that the Court consider the matter at a
hearing on Jan. 2, 2015, at 9:30 a.m.  Objections, if any, are due
Dec. 26, 2014, at 4:00 p.m.

               About Hospitality Staffing Solutions

Hospitality Staffing Solutions, LLC (HSS) --
http://www.hssstaffing.com-- is a hospitality staffing company.
Established in 1990, the company's team of hotel industry experts
works with 4 and 5 star properties in 35 states and 62 markets
across the country.

Hospitality Staffing Solutions and various affiliates filed
voluntary Chapter 11 petitions (Bankr. D. Del. Lead Case No.
13-12740) on Oct. 24, 2013, before Judge Brendan Linehan Shannon.
The Debtors are represented by Mark Minuti, Esq., at Saul Ewing
LLP, in Wilmington, Delaware; and Jeffrey C. Hampton, Esq.,
Monique Bair DiSabatino, Esq., and Ryan B. White, Esq., at Saul
Ewing LLP, in Philadelphia, Pennsylvania.  The Debtors' financial
advisor is Conway Mackenzie, Inc., and their investment banker is
Duff & Phelps Corp.  Epiq Systems, Inc., is the Debtors' claims
and noticing agent.  HSS Holding disclosed assets of undetermined
amount and liabilities of $22,910,994.

The investor group is providing DIP financing.  They are
represented by Scott K. Charles, Esq., and Neil M. Snyder, Esq.,
at Wachtell, Lipton, Rosen & Katz, in New York; and Derek C.
Abbott, Esq., at Morris, Nichols, Arsht & Tunnell LLP, in
Wilmington, Delaware.

Roberta A. DeAngelis, U.S. Trustee for Region 3, has notified the
Bankruptcy Court that she was unable to appoint a committee of
unsecured creditors in the Debtors' cases as there was
insufficient response to the U.S. Trustee communication/contact
for service on the committee.

The Debtors filed for bankruptcy to facilitate a sale of the
business to HS Solutions Corporation, an entity formed by LJC
Investments I, LLC and a group of investors including Littlejohn
Opportunities Master Fund, L.P., Caymus Equity Partners and
Management, and SG Distressed Debt Fund LP.  The investor group
acquired $22.9 million of the secured bank debt on Oct. 11, 2013.
That debt is in default.

The asset purchase agreement with HS Solutions was approved by the
Court on Dec. 13, 2013.  The sale closed on Jan. 24, 2014.


INFINITY ENERGY: Incurs $1.9 Million Net Loss in March 31 Qtr.
--------------------------------------------------------------
Infinity Energy Resources, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a loss applicable to common shareholders of $1.91
million for the three months ended March 31, 2014, compared to a
loss applicable to common shareholders of $2.14 million for the
same period in 2013.

As of March 31, 2014, the Company had $10.51 million in total
assets, $12.69 million in total liabilities and a $2.18 million
total stockholders' deficit.

"We plan to raise long-term capital to satisfy the foregoing needs
through an offering of our equity or debt securities and/or
through a commercial relationship with other industry operators,
which may involve the granting of revenue or other interests in
the Nicaraguan Concessions in exchange for cash and a carried
interest in exploration and development operations or the creation
of a joint venture or other strategic partnership.  There can be
no assurance that we will obtain such funding or obtain it on
terms acceptable to us.  Further, if we cannot meet our
obligations respecting the Nicaraguan Concessions, we will lose
our rights to them.

"Due to the uncertainties related to these matters, there exists
substantial doubt about our ability to continue as a going
concern.  The financial statements do not include any adjustments
relating to the recoverability and classification of asset
carrying amounts or the amount and classification of liabilities
that might result should we be unable to continue as a going
concern," the Company stated in the Quarterly Report.

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

                        http://is.gd/JR2E4i

                       About Infinity Energy

Overland Park, Kansas-based Infinity Energy Resources, Inc., and
its subsidiaries, are engaged in the acquisition and exploration
of oil and gas properties offshore Nicaragua in the Caribbean Sea.

Infinity Energy disclosed net income of $2.90 million for the year
ended Dec. 31, 2012, as compared with a net loss of $3.52 million
during the prior year.

Infinity Energy reported a net loss applicable to common
shareholders of $5.58 million for the year ended Dec. 31, 2013,
compared to net income applicable to common shareholders of
$894,570 for the year ended Dec. 31, 2012.

As of Dec. 31, 2013, the Company had $10.49 million in total
assets, $11.71 million in total liabilities, $1.65 million in
redeemable, convertible preferred stock, and a $2.87 million total
stockholders' deficit.

EKS&H LLLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses, has no on-going
operations, and has a significant working capital deficit, which
raises substantial doubt about its ability to continue as a going
concern.


INVERSIONES ALSACIA: Reorganization Plan Declared Effective
-----------------------------------------------------------
Inversiones Alsacia S.A. on Dec. 17 announced the successful
completion of its restructuring process.  On Dec. 17, the
Effective Date of the prepackaged plan of reorganization, the
Company issued new 8.0% Senior Secured Notes due 2018 pursuant to
an Indenture, dated December 17, 2014, by and among the Company,
The Bank of New York Mellon, as U.S. trustee, principal paying
agent, transfer agent and registrar, and Banco Santander Chile, as
Chilean trustee.  The New Notes was set to be issued on Dec. 17,
along with a cash payment in an amount equal to the interest
accruing from and including October 1, 2014 through and excluding
today, the issue date of the New Notes, on the aggregate of: (a)
the principal amount of the Company's existing 8.0% Senior Secured
Notes due 2018 and (b) the accrued and unpaid interest thereon at
a rate of 8.0% per annum through and including September 30, 2014,
to qualified holders of the Existing Notes that tendered their
Existing Notes prior to December 11, 2014 in accordance with the
procedures described in the Plan and on two subsequent
distribution dates to qualified holders of the Existing Notes that
complete the procedures described in the Plan (including
submitting a Letter of Transmittal) prior to June 15, 2015.  Non-
qualified holders will receive certain cash payments, including
the Catch-Up Cash Payment, as further described in the Plan.  The
Plan was previously confirmed by the United States Bankruptcy
Court for the Southern District of New York on December 4, 2014.
As a result of the issuance of the Notes and the satisfaction of
the other conditions precedent in the Plan, the Effective Date has
occurred.

As previously announced, the Company did not experience during its
reorganization process and does not expect to experience any
disruptions in its operations.  Specifically, the Company expects
to continue to:

    * operate its full schedule of services to the citizens of
Santiago;

    * provide its employees with wages, healthcare coverage,
vacation days, and similar benefits without interruption; and

    * pay suppliers for goods and services received throughout the
reorganization process.

No other creditors or suppliers have been, or should be, affected
by the restructuring of the Existing Notes implemented in
accordance with the Plan.  The Company remains current on all of
its other obligations as of the date of this announcement.

A Company spokesperson commented: "The Company is pleased to have
completed the restructuring process, and looks forward to
continuing to provide uninterrupted bus services to the citizens
of Santiago and continuing to meet its obligations to its vendors
and employees."

                          About Alsacia

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

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

Alsacia and Express and three affiliates sought bankruptcy
protection under Chapter 11 of the U.S. Bankruptcy Code in
Manhattan, New York (Bankr. S.D.N.Y.) on Oct. 16, 2014, with a
prepackaged plan that would restructure $347.3 million in senior
secured notes but leave other creditors and the owners unimpaired.
The cases are pending before the Honorable Martin Glenn and the
Debtors have requested that their cases be jointly administered
under Case No. 14-12896.

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

The Court will consider adequacy of disclosure materials and
approval of the prepackaged Chapter 11 plan at a hearing schedules
for Dec. 4.  The Plan contemplates that the companies can
implement a planned exchange offer with holders of $347.3 million
in senior secured notes.


INERGETICS INC: Israelian Has 9.9% Stake as of Dec. 12
------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, John Israelian and Seahorse Enterprises LLC disclosed
that as of Dec. 12, 2014, they beneficially owned 13,289,584
shares of common stock of Inergetics, Inc., representing 9.99
percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/oXRiZw

                       About Inergetics Inc.

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

Inergetics reported a net loss applicable to common shareholders
of $5.74 million in 2013 following a net loss applicable to common
shareholders of $5.45 million in 2012.

As of Sept. 30, 2014, the Company had $2.16 million in total
assets, $15.78 million in total liabilities, $8.95 million in
preferred stock, and a $22.57 million total stockholders' deficit.


IPALCO ENTERPRISES: S&P Affirms 'BB+' ICR on Sale Agreement
-----------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BB+'
issuer credit rating on IPALCO Enterprises Inc. and its operating
subsidiary Indianapolis Power & Light.  The outlook is stable.

The rating affirmation follows AES' announcement that it has
reached a definitive agreement to sell 15% of its ownership
interest in AES US Investments Inc., a wholly owned subsidiary of
AES that owns 100% of IPALCO Enterprises Inc., for $244 million to
La Caisse de depot et placement du Quebec (CDPQ).  In addition,
CDPQ has agreed to invest approximately $349 million in IPALCO
through 2016 in exchange for a 17.65% equity stake, bringing its
total ownership interest to roughly 30% of IPALCO.  S&P expects
the proceeds to finance existing growth and environmental projects
at Indianapolis Power & Light.  S&P expects CDPQ to have adequate
representation on the board along with an active economic interest
in IPALCO and for the companies to keep structural protection
measures in place that will enable us to continue to differentiate
the ratings of IPALCO and AES.

"The stable outlook on the ratings reflects our expectation that
IPALCO Enterprises Inc. will maintain consistent financial
policies and not issue additional debt to support dividends to The
AES Corp.," said Standard & Poor's credit analyst Matthew O'Neill.
"Should IPALCO Enterprises Inc. do so, our analysis of the
company's financial policy would be significantly altered, and we
would most likely lower the ratings."

Under Standard & Poor's baseline forecast, S&P expects IPALCO's
funds from operations (FFO) to debt to equal about 10% to 13% and
debt to EBITDA of 5x over the next three years.  Fundamental to
S&P's forecast is the timing and the ultimate cost of the
environmental capital spending and a gradual economic recovery.

S&P would lower the ratings if it downgraded AES and no additional
insulation measures were put in place.  S&P could also downgrade
IPALCO if the stand-alone credit profile were to weaken and
financial measures such as FFO to debt weakened to less than 9%
and debt to EBITDA rose to more than 5.5x on a sustained basis.

Absent further enhancement to the insulation provisions, higher
ratings at IPALCO and IP&L are unlikely at this time.  S&P could
raise the ratings if it raises the ratings on AES.


IPC INTERNATIONAL: Jan. 15 Trust Claims Bar Date Set
----------------------------------------------------
The Bankruptcy Court set procedures and deadlines for filing
claims against IPC International Corporation, et al., with respect
to Known Trust Claims and Unknown Trust Claims.

The bar date order requires all persons or entities that have or
assert any claims for pre-closing Indemnity Obligations against
the Trust Assets to file a Proof of Trust Claim with the third
party administrator, Carl Warren & Company so that the Proof of
Trust Claim is actually received by the TPA on or before the bar
dates.

The Trust Claims Bar Date Order established these deadlines for
filing Proof of Trust Claims:

   a) the bar date to file a Proof of Trust Claim with respect to
a Known Trust Claim, is Jan. 15, 2015, at 4:00 p.m.

   b) the last time for all persons and entities, to file a Proof
of Trust Claim with respect to an Unknown Trust Claim is the
earlier of (i) 45 days after the participant first has knowledge
that there is a potential claim against it for which there may be
a Trust Claim for Pre-Closing Indemnity Obligations, and (ii)
Nov. 25, 2019.

Proofs of Trust Claim will be filed either (i) by mailing or (ii)
by delivering by hand or overnight courier the original Proof of
Trust Claim to the TPA at this address:

         CSC-LAWYERS INCORPORATING SERVICE
         Attention: Carl Warren & Co.- IPC Claims Administration
         2710 Gateway Oaks Drive, Suite 150N
         Sacramento, CA 95833-3505

                   About IPC International

Based in Bannockburn, Illinois, IPC International Corp., a
provider of security services for 350 shopping malls, filed a
petition for Chapter 11 protection (Bankr. D. Del. Case No.
13-12050) on Aug. 9, 2013, in Delaware after signing a contract
for Universal Protection Services LLC to buy the business, subject
to higher and better offers at an auction.  Bankruptcy was the
result of losses on a U.K. affiliate that was sold, as well as
competition and the cost of liability insurance.

Scott M. Strong signed the petition as chief financial officer.
The Debtor estimated assets and debts of at least $10 million.
Jeremy William Ryan, Esq., and Etta R. Mayers, Esq., at Potter
Anderson & Corroon, LLP, serves as local counsel.  Paul V.
Possinger, Esq., and Brandon W. Levitan, Esq., at Proskauer Rose,
LLP, serve as the Debtor's general bankruptcy counsel.  Silverman
Consulting, LLC, acts as the Debtor's financial advisor and
Livingstone Partners, LLP, serves as the Debtor's investment
banker.  KCC is the Debtor's noticing, claims and balloting agent.
Judge Mary F. Walrath presides over the case.

The Debtor disclosed $21,959,100 in assets and $31,056,575 in
liabilities as of the Chapter 11 filing.  Liabilities include $6.9
million on a revolving credit and $10.4 million on term loans
owing to PrivateBank & Trust Co., as agent.

PrivateBank also provided a $12 million loan to finance the
Chapter 11 case.  The DIP loan required quick sale.

A three-member panel has been appointed as the official unsecured
creditors committee in the case.  The panel consists of Weinberg,
Wheeler, Hudgins, Gunn & Dial, LLC; Mary Carmona-Rousse; and Drew
Eckl & Farnham, LLP.

In October 2013, IPC International won authorization to sell the
business for $25.4 million to Universal Protection Services.
Allied Security Holdings LLC, a competing bidder, forced Universal
to raise the offer at an auction early in October.  Universal
initially offered $21.3 million plus assumption of specified
liabilities.


KIOR INC: Files Debt-for-Equity Chapter 11 Plan
-----------------------------------------------
Kior Inc. filed with the U.S. Bankruptcy Court for the District of
Delaware a Chapter 11 plan of reorganization and accompanying
disclosure statement, which propose that all of the Debtor's
existing equity interests will be cancelled and the Debtor will
issue new equity interests to the holders of DIP Financing Claims
and prepetition First Lien Claims in exchange for the cancellation
of $16 million of indebtedness.

Subject to the Auction, the Reorganized Debtor will be funded
through an Exit Facility consisting of a new term loan and a
conversion of $15,273,500 of the DIP Financing Claims and the
Debtor's prepetition First Lien Claims.

All general unsecured creditors whose Allowed claims total less
than $5,000, or who agree to reduce all their Allowed unsecured
claims to $5,000, will be entitled to opt in and receive, in lieu
of the treatment accorded to the holders of general unsecured
claims, a single payment equal to 50% of the total of their
Allowed Claims; provided, however, that in no event will the
aggregate amount of all payments on account of claims in this
Class (Class 8) exceed $75,000.

Sherri Toub, a bankruptcy columnist for Bloomberg News, reported
that the Debtor has obtained approval of procedures governing the
bidding of its assets.  The "stalking-horse" lender group, which
includes Khosla Ventures III LP, agreed at the outset of the case
to consummate a comprehensive restructuring transaction involving
largely all of the company assets through a plan to be filed by
Kior, the Bloomberg report related.

According to the Bloomberg report, other interested bidders have
until Jan. 7 to submit competing offers with a cash component of
at least $17.135 million, to be followed by an auction scheduled
for Jan. 9.

A full-text copy of the Disclosure Statement dated Dec. 15 is
available at http://bankrupt.com/misc/KiORds1215.pdf

                          About Kior Inc.

KiOR, Inc., and wholly owned subsidiary KiOR Columbus, LLC, are
development stage, renewable fuels companies based in Pasadena,
Texas and Columbus, Mississippi, respectively.  KiOR, Inc., was
founded in 2007 as a joint venture between Khosla Ventures, LLC,
and BIOeCon B.V.  KiOR Inc.'s primary business is the development
and commercialization of a ground-breaking proprietary technology
designed to generate a renewable crude oil from non-food
cellulosic biomass.

KiOR, Inc. filed a Chapter 11 petition (Bankr. D. Del. Case No.
14-12514) on Nov. 9, 2014, in Delaware.   Through the chapter 11
case, the Debtor intends to reorganize its business or sell
substantially all of its assets so that it can continue its core
research and development activities.  KiOR Columbus did not seek
bankruptcy protection.

The Debtor disclosed $58.27 million in assets and $261.3 million
in liabilities as of June 30, 2014.

The Debtor is represented by Mark W. Wege, Esq., Edward L. Ripley,
Esq., and Eric M. English, Esq., at King & Spalding, LLP, in
Houston, Texas; and John Henry Knight, Esq., Michael Joseph
Merchant, Esq., and Amanda R. Steele, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware.  The Debtor's financial
advisor is Alvarez & Marsal.  Guggenheim Securities, LLC, is the
Debtor's investment banker.  Epiq Bankruptcy Solutions, LLC, is
the Debtor's claims and noticing agent.

Pasadena Investments, LLC, as administrative agent for a
consortium of lenders, committed to provide up to $15,000,000 in
postpetition financing.  The DIP Agent is represented by Thomas E.
Patterson, Esq., at Klee, Tuchin, Bogdanoff & Stern LLP, in Los
Angeles, California, and Michael R. Nestor, Esq., at Young Conaway
Stargatt & Taylor, LLP, in Wilmington, Delaware.


LAVA COMPANY: Case Summary & 14 Unsecured Creditors
---------------------------------------------------
Debtor: The LAVA Company LLC
           dba Country Manor Apartments
        P.O. Box 6656
        Mc Lean, VA 22106-6656

Case No.: 14-12936

Chapter 11 Petition Date: December 17, 2014

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

Judge: Hon. Jeffrey P. Norman

Debtor's Counsel: Robert W. Raley, Esq.
                  ROBERT W. RALEY & ASSOCIATES
                  290 Benton Road Spur
                  Bossier City, LA 71111
                  Tel: (318) 747-2230
                  Fax: (318) 747-0106
                  Email: rraley52@bellsouth.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million


The petition was signed by John R. Jones, Jr., managing member.

A list of the Debtor's 14 largest unsecured creditors is available
for free at http://bankrupt.com/misc/lawb14-12936.pdf


LIGHTSQUARED INC: Files Restructuring Plan
------------------------------------------
Lightsquared Inc., et al., filed with the U.S. Bankruptcy Court
for the Southern District of New York a joint plan and disclosure
statement, which contemplate, among other things, (A) new money
investments by the New Investors in exchange for a combination of
preferred and common equity, (B) the conversion of the Prepetition
LP Facility Claims into new second lien debt obligations, (C) the
repayment in full, in cash, of the Inc. Facility Prepetition Inc.
Facility NonSubordinated Claims immediately following confirmation
of the Plan, (D) the payment in full, in
cash, of LightSquared?s general unsecured claims, (E) the
provision of $1.25 billion in new money working capital for the
Reorganized Debtors, (F) the assumption of certain liabilities,
(G) the resolution of all inter-Estate disputes, and (H) the
contribution by Harbinger of the Harbinger Litigations.

On December 10, 2014, Fortress Credit Opportunities Advisors LLC;
Centerbridge Partners, L.P.; Harbinger Capital Partners LLC, and
the JPM Inc. Investment Parties entered into a plan support
agreement, pursuant to which each party thereto agreed to support
the Plan to the exclusion of any other contemplated plan.
Contemporaneously with the execution of the Plan Support
Agreement, Fortress and Centerbridge purchased the Prepetition LP
Facility Claims held by (a) Capital Research and Management
Company, in its capacity as investment manager to certain funds
that are holders of Prepetition LP Facility Claims, and (b) Cyrus
Capital Partners, L.P., in its capacity as investment manager to
certain funds that are holders of Prepetition LP Facility Claims.

A full-text copy of the Disclosure Statement dated Dec. 18, 2014,
is available for free at http://bankrupt.com/misc/LSds1218.pdf

                     About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with
liquidity and runway necessary to resolve its issues with the FCC.
Despite working diligently and in good faith, however,
LightSquared and the lenders were not able to consummate a global
restructuring on terms acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the
financial advisor.  Kurtzman Carson Consultants LLC serves as
claims and notice agent.


MGM RESORTS: Signs Settlement Agreement With Perini Building
------------------------------------------------------------
MGM Resorts International and CityCenter Holdings, LLC, which is
50% owned by a wholly owned subsidiary of the Company and 50%
owned by Infinity World Development Corp (a wholly owned
subsidiary of Dubai World), entered into a Settlement Agreement
with Perini Building Company, Inc., general contractor for
CityCenter, the remaining Perini subcontractors and relevant
insurers to resolve all outstanding project lien claims and
CityCenter's counterclaims relating to the Harmon Hotel and Spa.
The settlement is subject to execution of a global settlement
agreement by all parties by Dec. 31, 2014, and CityCenter's
procurement by Jan. 15, 2015, of acceptable insurance to replace
the general liability policies which comprised the Owner
Controlled Insurance Program for construction-related and workers
compensation claims.

The Perini Settlement Agreement, combined with prior Harmon-
related insurance settlement proceeds of about $85 million, will
result in total settlement proceeds to CityCenter of approximately
$195 million on its Harmon construction defect claims,
approximately $20 million of which will be a Company contribution
pursuant to the third amended and restated completion and cost
overrun guarantee, among other sources of funds.  Under the Perini
Settlement Agreement, together with previous settlement agreements
relating to the non-Harmon related lien claims, the Company has
made or will make cash payments of approximately $153 million to
Perini to resolve the non-Harmon-related lien claims, which is
also a Completion Guarantee obligation.  The Company's obligation
will be offset by the $72 million of condominium proceeds received
and held in escrow by CityCenter, which are available to fund
construction lien claims upon final resolution of the Perini
litigation.  The Perini Settlement Agreement, together with
previous settlement agreements relating to the non-Harmon related
lien claims, resolves all of Perini's and the subcontractors' lien
claims against CityCenter, MGM Resorts International Design
(formerly known as MGM MIRAGE Design Group) and certain direct or
indirect subsidiaries of CityCenter, and all of CityCenter's
claims against Perini and the Harmon subcontractors.  The Perini
Settlement Agreement was entered into solely by way of compromise
and settlement and is not in any way an admission of liability or
fault by the Company or CityCenter.

                         About MGM Resorts

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

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

                         Bankruptcy Warning

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

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

   * incur additional debt;

   * incur liens on assets;

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

   * enter into transactions with affiliates;

   * allow certain subsidiaries to transfer assets; and

   * enter into sale and lease-back transactions.

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

                           *     *     *

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

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

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

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


MINERAL PARK: Has Until March to Make Lease-Related Decisions
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware entered an
order extending by 120 days through and including March 23, 2015,
the time within which Mineral Park, Inc., et al., must assume or
reject unexpired non-residential real property leases.

The Debtors related that they have not yet concluded their
evaluation as to which leases they will assume and which leases
they will reject.  The Debtors do not anticipate that they will be
able to make a determination as to which leases to assume or
reject by the current Dec. 23, 2014 deadline.

                       About Mineral Park

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

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

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

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

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

The U.S. Trustee for Region 3 appointed three creditors of Mineral
Park, Inc. and its affiliates to serve on the official committee
of unsecured creditors.  The Committee selected Stinson Leonard
Street LLP and Hiller & Arban LLC as its counsel.

Mineral Park reported $286,362,131 in total assets and
$266,035,508 in total liabilities.


MOORE FREIGHT: Court Closes Chapter 11 Bankruptcy Case
------------------------------------------------------
The Hon. Keith M. Lundin of the U.S. Bankruptcy Court for the
Middle District of Tennessee issued a final decree and order
closing the Chapter 11 cases of Moore Freight Service Inc. and
G.R.E.A.T. Logistics Inc.

                    About Moore Freight Service
                      and G.R.E.A.T. Logistics

Moore Freight Service, Inc. and G.R.E.A.T. Logistics Inc. sought
Chapter 11 protection (Bankr. M.D. Tenn. Case Nos. 12-08921 and
12-08923) in Nashville on Sept. 28, 2012.  Moore Freight is a
freight service company specializing in flat gas transportation.
Founded in 2001, Moore is the largest commercial flat glass
logistics firm in the U.S.  It operates in the U.S., Canada and
Mexico.  GLI does not have any operations other than the limited,
occasional freight brokerage services currently provided to Moore
Freight.

Bankruptcy Judge Keith M. Lundin oversees the cases.  LTC Advisory
Services LLC serves as the Debtor's financial advisors.  Moore
Freight estimated assets and debts of $10 million to $50 million.
CEO Dan R. Moore signed the petitions.

Counsel for the Debtor's pre-bankruptcy and DIP lender, Marquette
Transportation Finance, Inc., are Linda W. Knight, Esq., at
Gullett, Sanford, Robinson & Martin, PLLC; and Thomas J. Lallier,
Esq., at Foley & Mansfield PLLP.

On Sept. 17, 2013, the Court approved Moore Freight Service, Inc.,
et al.'s Amended Disclosure Statement describing the Debtors'
Amended Plan of Reorganization dated Sept. 16, 2013.

The Amended Plan contemplates the continuation of the Debtors'
business, payment in full of Allowed Secured Claims, and a fair
distribution to unsecured creditors, which distribution Debtor
believe far exceeds the amount unsecured creditors would receive
in the event of a Chapter 7 liquidation.


MORGANS HOTEL: TO Sell Light Group to Hakkasan for $36 Million
--------------------------------------------------------------
Morgans Hotel Group Co. has entered into a definitive agreement to
sell its 90% controlling interest in The Light Group, a leading
lifestyle food & beverage company, to Hakkasan Group, a worldwide
dining, entertainment, and hospitality company, for a total
enterprise value of $36 million.  The purchase price includes the
remaining 10% equity interest in TLG held by Andrew Sasson, TLG's
founder, and Andy Masi, TLG's chief executive officer.  The
transaction was approved by the Company's Board of Directors as a
part of its ongoing review of strategic alternatives to maximize
value for stockholders.

As part of the transaction, Morgans Hotel Group will assume
control of the food & beverage offerings from TLG at its iconic
Delano South Beach hotel.  The Company will also retain its
leasehold interests in the three Mandalay Bay restaurants that
will continue to be managed by TLG, as well as an option to buy a
minority interest in TLG for a period of up to 18 months post-
closing.

Hakkasan Group's restaurant portfolio includes the flagship
Hakkasan Restaurant with 12 locations worldwide, as well as
Yauatcha, HKK, Sake no Hana, Herringbone, Searsucker and Social
House.  Under the nightlife & daylife umbrella of brands are
Hakkasan Nightclub, Wet Republic and Omnia Nightclub (opening in
Las Vegas and in San Diego, Spring 2015).  Herringbone's Los
Angeles location is currently located in Morgans Hotel Group's
Mondrian hotel in West Hollywood.

Jason T. Kalisman, Chairman of the Board and interim chief
executive officer of Morgans Hotel Group, stated: "The sale of The
Light Group allows us to deliver significant value to stockholders
and demonstrates the success of the Special Transaction
Committee's ongoing strategic review process.  Not only does the
transaction strengthen Morgans Hotel Group's financial position,
but we will also have an enhanced focus on our core assets.  Under
Andy Masi's direction, The Light Group has established itself as a
strong brand, and we expect the business will thrive as part of
Hakkasan Group."

"We are thrilled to be bringing The Light Group and its unrivaled
nightlife, daylife and restaurant offerings under Hakkasan Group's
umbrella," said Neil Moffitt, chief executive officer of Hakkasan
Group.  "The acquisition of a majority stake in The Light Group is
another step forward in our ambitious investment strategy to
deliver exceptional guest experiences.  The agreement increases
our dining and entertainment portfolio with an additional 22
nightlife, daylife and restaurant properties, making Hakkasan
Group Las Vegas' largest non-gaming dining, entertainment and
hospitality company.  Hakkasan Group and The Light Group are
highly complementary businesses and we intend to assume and
maintain the vast majority of The Light Group's contracts,
licenses and events."

The transaction is subject to customary closing conditions and is
expected to close in January 2015.  Following the successful
completion of the sale, Morgans Hotel Group will continue to own,
operate, manage, franchise or license its 14 hotel properties
around the world.  Additionally, the Company's Special Transaction
Committee continues to work with its financial adviser, Morgan
Stanley & Co., to identify all additional potential strategic
alternatives, including capital raising, asset sales, strategic
partnerships, a sale of the entire Company, a sale of component
parts of the Company, acquisitions and other alternatives.

Morgan Stanley & Co. served as financial advisor to Morgans Hotel
Group and Ropes & Gray LLP served as its legal advisor.  Greenberg
Traurig LLP served as legal advisor to Hakkasan.

Additional information is available for free at:

                      http://is.gd/Ut4cKT

                   About Morgans Hotel Group

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

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


NAVISTAR INTERNATIONAL: Incurs $619 Million Net Loss in 2014
------------------------------------------------------------
Navistar International Corporation filed with the U.S. Securities
and Exchange Commission its annual report on Form 10-K disclosing
a net loss attributable to the Company of $619 million on $10.80
billion of net sales and revenues for the year ended Oct. 31,
2014, compared to a net loss attributable to the Company of $898
million on $10.77 billion of net sales and revenues for the year
ended Oct. 31, 2013.

Navistar reported a net loss attributable to the Company of $72
million on $3 billion of net sales and revenues for the three
months ended Oct. 31, 2014, compared to a net loss attributable to
the Company of $154 million on $2.75 billion of net sales and
revenues for the same period during the prior year.

As of Oct. 31, 2014, the Company had $7.44 billion in total
assets, $12.06 billion in total liabilities and a $4.62 billion
total stockholders' deficit.

"Our fourth quarter results -- and the results for the entire
fiscal year -- reflect our continued progress improving business
operations across the enterprise and positive trends in the North
American industry," said Troy A. Clarke, Navistar president and
chief executive officer.  "In 2014, we increased our production,
chargeouts and order backlog; continued to reduce warranty spend;
and achieved structural cost savings that further lowered our
breakeven point."

"We continue to make the necessary changes to improve the company
and we're entering 2015 in a much stronger position than we were
one year ago," Clarke added.  "We've restructured our core North
American business, have the right products in place, and
established the right leadership team. We are well-positioned to
meet our 8-10 percent EBITDA margin run rate target exiting 2015."

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

                        http://is.gd/Aq4PN8

                    About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.Navistar.com/-- is a holding company whose
subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

                          *     *     *

In the Oct. 9, 2013, edition of the TCR, Moody's Investors Service
affirmed the ratings of Navistar International Corporation,
including the B3 Corporate Family Rating (CFR).  The ratings
reflect Moody's expectation that Navistar's successful
incorporation of Cummins engines throughout its product line up
will enable the company to regain lost market share, and that
progress in addressing component failures in 2010 vintage-engines
will significantly reduce warranty expenses.

As reported by the TCR on Oct. 9, 2013, Standard & Poor's Ratings
Services lowered its long-term corporate credit rating on
Illinois-based truckmaker Navistar International Corp. (NAV) to
'CCC+' from 'B-'.  "The rating downgrades reflect our increased
skepticism regarding NAV's prospects for achieving the market
shares it needs for a successful business turnaround," said credit
analyst Sol Samson.

In January 2013, Fitch Ratings affirmed the Issuer Default Ratings
(IDR) for Navistar International Corporation and Navistar
Financial Corporation at 'CCC' and removed the Negative Outlook on
the ratings.  The removal reflects Fitch's view that immediate
concerns about liquidity have lessened, although liquidity remains
an important rating consideration as NAV implements its selective
catalytic reduction (SCR) engine strategy.  Other rating concerns
are already incorporated in the 'CCC' rating.


NEW ENGLAND COMPOUNDING: Owners, Employees Arrested Over Outbreak
-----------------------------------------------------------------
Hagens Berman Sobol Shapiro LLP disclosed that federal law
enforcement officials on Dec. 17 arrested 14 owners and employees
of New England Compounding Center (NECC) for charges including
second-degree murder, racketeering, criminal contempt and mail
fraud, in connection with the deadly 2012 fungal meningitis
outbreak, according to attorneys at Hagens Berman Sobol Shapiro,
lead counsel for plaintiffs in the multi-district litigation
against NECC.

Arrests included owners Barry Cadden and Greg Conigliaro and
pharmacist Glenn Chin, among others.  Messrs. Cadden and Chin are
charged with second-degree murder, and changes also include RICO
counts.  The charges reportedly include racketeering with 25
predicate acts of second-degree murder in eight states.
Arraignments were expected on Dec. 17.

"We applaud the federal government's efforts to bring all
responsible for this tragic outbreak to justice," said Tom Sobol,
lead counsel for the Plaintiffs' Steering Committee and partner at
Hagens Berman.  "It is our sincere hope that the results achieved
by the federal government include additional contributions to the
growing victims' compensation fund."

Hagens Berman represents victims who were exposed to tainted
epidural steroid injections manufactured by the Framingham,
Massachusetts compounding pharmacy, NECC, that the Center for
Disease Control (CDC) reports caused 64 deaths nationwide.

Following the outbreak, hundreds of lawsuits were filed across the
country, alleging that NECC and affiliated companies ignored
safety procedures in their facilities, resulting in the tainted
steroid injections. The company filed for bankruptcy in December
of 2012.

A proposed Chapter 11 Plan and related Disclosure Statement in the
Chapter 11 bankruptcy of NECC are pending approval from Judge
Henry J. Boroff in the United States Bankruptcy Court for the
District of Massachusetts.  If the plan is confirmed, at least
$117 million is expected to be available for distributions to
individuals with personal injury or wrongful death claims against
NECC.  NECC's owners and insurers already have contributed nearly
$50 million to the NECC estate for eventual distribution, and are
expected to contribute additional sums through tax refunds and the
sale of a related business.

Other third parties are expected to contribute an additional $56.8
million.  These parties include NECC's insurers and insurers of
its affiliates, a company that provided product sample testing
services to NECC, a company that installed ventilation systems at
NECC, and certain clinics and health care providers that
administered tainted NECC drugs.

The 2012 outbreak was the worst such outbreak in U.S. history. In
addition to 64 fatalities, the CDC reported 751 cases of fungal
meningitis, stroke or serious infection in 20 different states,
linked to tainted drugs compounded and distributed by NECC. For
the CDC's case count map, visit
http://www.cdc.gov/hai/outbreaks/meningitis-map-large.html

Individuals with additional questions about the settlement may
contact meningitis@hbsslaw.com or visit
http://www.hbsslaw.com/cases-and-investigations/cases/meningitis-
lawyers

                      About Hagens Berman

Hagens Berman Sobol Shapiro LLP -- http://www.hbsslaw.com-- is a
consumer-rights class-action law firm with offices in nine cities.

             About New England Compounding Pharmacy

New England Compounding Pharmacy Inc., filed a Chapter 11 petition
(Bankr. D. Mass. Case No. 12-19882) in Boston on Dec. 21, 2012,
after a meningitis outbreak linked to an injectable steroid,
methylprednisolone acetate ("MPA"), manufactured by NECC, killed
39 people and sickened 656 in 19 states, though no illnesses have
been reported in Massachusetts.  The Debtor owns and operates the
New England Compounding Center is located in Framingham, Mass.  In
October 2012, the company recalled all its products, not just
those associated with the outbreak.

Paul D. Moore, Esq., at Duane Morris LLP, in Boston, has been
appointed as Chapter 11 Trustee of NECC.  He is represented by
Jeffrey D. Sternklar, Esq., at DUANE MORRIS LLP.

An Official Committee of Unsecured Creditors appointed in the case
has been represented by BROWN RUDNICK LLP's William R. Baldiga,
Esq., Rebecca L. Fordon, Esq., Jessica L. Conte, Esq., and David
J. Molton, Esq.


NORTEL NETWORKS: U.S. Unit Wins Court OK for Bondholder Deal
------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that a
$1 billion pact between Nortel Networks Corp.'s U.S. unit and
bondholders won court approval over the protests of the one-time
Canadian technology giant.  According to the report, the ruling
from Judge Kevin Gross of the U.S. Bankruptcy Court in Wilmington,
Del., means distressed-debt investors could stand to recover as
much as $5 billion from Nortel 's collapse in 2009, including more
than $1 billion in interest on $4 billion worth of debt.

                       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.


NORTHERN BERKSHIRE: Trustee Recovers $10MM Toward Debt
------------------------------------------------------
Scott Stafford, writing for The Berkshire Eagle, reported that
Harold Murphy of Murphy & King, the trustee overseeing the
bankruptcy of Northern Berkshire Healthcare, so far has recovered
roughly $10 million against more than $35 million in secured debt.

According to the report, the trustee is seeking, including
expenses, fees and commission, more than $1 million for the work
completed since the March 28 closing of the North Adams Regional
Hospital and the subsequent filing for Chapter 7 bankruptcy by its
parent company, Northern Berkshire Healthcare.

               About Northern Berkshire Healthcare

Northern Berkshire Healthcare, Inc., a non-profit healthcare
corporation in northern Berkshire County, Massachusetts, filed for
Chapter 7 bankruptcy on April 3, 2014, days after closing the
North Adams Regional Hospital on March 28.  The Board of Trustees
cited a worsening financial status following Chapter 11 bankruptcy
in 2011, financial restructuring and the closing of its
psychiatric facility in January.

Berkshire Medical Center has been appointed to resume operation of
NARH's ER.

NBH emerged from Chapter 11 bankruptcy proceedings in June 2012.

NBH, together with affiliates, operated the North Adams Regional
Hospital and a visiting nurse association and hospice in North
Adams, Massachusetts.  Northern Berkshire Healthcare, Inc., North
Adams Regional Hospital, Inc., Visiting Nurse Association &
Hospice of Northern Berkshire, Inc., Northern Berkshire Healthcare
Physicians Group, Inc., and Northern Berkshire Realty, Inc., filed
for Chapter 11 bankruptcy (Bankr. D. Mass. Case No. 11-31114) on
June 13, 2011, to address their overleveraged balance sheet and
effect a reorganization of their operations.  On the same day,
Northern Berkshire Community Services, Inc., filed a petition for
Chapter 7 relief also in the District of Massachusetts bankruptcy
court.

Judge Henry J. Boroff presided over the Chapter 11 cases.  He also
oversees the Chapter 7 case.

Steven T. Hoort, Esq., James A. Wright, III, Esq., Jonathan B.
Lackow, Esq., and Matthew F. Burrows, Esq., at Ropes & Gray LLP,
in Boston, Mass., served as bankruptcy counsel in the Chapter 11
cases.  The Debtors' Financial Advisors were Carl Marks Advisory
Group LLC.  GCG Inc. served as claims and noticing agent.

NBH disclosed $22,957,933 in assets and $53,379,652 in liabilities
as of the Chapter 11 filing.  The petition was signed by William
F. Frado, Jr., president.

William K. Harrington, the U.S. Trustee for Region 1, appointed
five members to the official unsecured creditors' committee in the
Debtors' cases.  The Committee tapped Duane Morris LLP as its
counsel.

The Debtors obtained confirmation of their Chapter 11 plan on
April 10, 2012.  According to the Troubled Company Reporter on
June 8, 2012, Northern Berkshire Healthcare said on June 5, 2012,
it has emerged from Chapter 11 reorganization.


ONE SOURCE: Section 341(a) Meeting Set for February 6
-----------------------------------------------------
A meeting of creditors in the bankruptcy case of One Source
Industrial Holdings, LLC, will be held on Feb. 6, 2015, at 10:30
AM at FTW 341 Rm 7A24.  Proofs of Claims due by May 7, 2015.

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

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

One Source Industrial Holdings, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Tex. Case No. 14-44996) on Dec. 16, 2014.
The petition was signed by Scott Jordan as manager.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
$10 million to $50 million.  Robert Forshey, Esq., at
Forshey & Prostok, LLP, serves as the Debtor's counsel.

The Debtor holds equipment utilized by various related entities
which provide rental equipment and industrial services to
businesses in the oil and gas, refining, manufacturing, pipeline,
shipping, and construction industries.


OW BUNKER: Former Manager Arrested Over Suspected Fraud
-------------------------------------------------------
Anna Molin, writing for Daily Bankruptcy Review, reported that a
former manager of bankrupt shipping-fuel supplier OW Bunker AS has
been arrested by Danish police on a warrant issued by Italian
authorities for suspected fraud, the Danish prosecutor's office
said.  According to the report, Denmark's OW Bunker filed for
bankruptcy in November after it alleged there had been a $125
million fraud at its Singapore unit, Dynamic Oil Trading.

                          About OW Bunker

OW Bunker A/S is a Danish shipping fuel provider.

On Nov. 7, 2014, OW Bunker A/S, which went public in March,
declared bankruptcy and reported two employees at its Singapore
unit to the police following allegations of fraud.  It owes 15
banks a total of about US$750 million.

OW Bunker said on Nov. 5 it had lost US$275 million through a
combination of fraud committed by senior executives at its
Singapore office and poor risk management.  Trading in its shares
was suspended on Nov. 5 and the company said its banks had
refused to provide more credit.

OW Bunker's U.S. businesses, which opened in 2012 as part of its
global expansion, filed for Chapter 11 bankruptcy protection on
Nov. 13, 2014, in the U.S. Bankruptcy Court for the District of
Connecticut.  The U.S. subsidiaries have assets worth as much as
US$50 million and debt of as much as US$100 million.


OZ GAS: John F. Kroto Authorized to Appear in the Case
------------------------------------------------------
The Bankruptcy Court authorized John F. Kroto, Esq., at Knox
McLaughlin Gornall & Sennett, P.C., to appear in the Chapter 11
case of John D. Oil and Gas Company.

Guy C. Fustine, Esq., Chapter 11 Trustee for the Debtors said that
Attorney Kroto is an associate attorney at Knox and works
primarily in the area of bankruptcy and creditors rights.
Attorney Fustine is chairman of the firm's Bankruptcy and
Creditors Rights Department and is Attorney Kroto's immediate
supervisor.

Attorney Kroto can be reached at:

         John F. Kroto, Esq.
         KNOX McLAUGHLIN GORNALL & SENNETT, P.C.
         120 West Tenth Street
         Erie, PA 16501-1461
         Tel: (814) 459-2800
         E-mail: jkroto@kmgslaw.com

                    About John D. Oil & Gas;
              OZ Gas; and Great Plains Exploration

Mentor, Ohio-based John D. Oil & Gas Co., is in the business of
acquiring, exploring, developing, and producing oil and natural
gas in Northeast Ohio.  The Company has 58 producing wells.  The
Company also has one self storage facility located in Painesville,
Ohio.  The self-storage facility is operated through a partnership
agreement between Liberty Self-Stor Ltd. and the Company.

John D. Oil's affiliated entities -- Oz Gas, LTD., and Great
Plains Exploration, LLC -- filed voluntary Chapter 11 petitions
(Bankr. W.D. Pa. Case Nos. 12-10057 and 12-10058) on Jan. 11,
2012.  Two days later, John D. Oil filed its own Chapter 11
petition (Bankr. W.D. Pa. Case No. 12-10063).

On Nov. 21, 2011, at the request of the lender RBS Citizens, N.A.,
dba Charter One, a receiver was appointed for all three corporate
Debtors, in the United States District Court for the Northern
District of Ohio at case No. 11-cv-2089-CAB.  District Judge
Christopher A. Boyko issued an order appointing Mark E. Dottore as
receiver.  The Receivership Order was appealed to the Sixth
Circuit Court of Appeals on Dec. 19, 2011, and the appeal is
currently pending.

Judge Thomas P. Agresti oversees the Chapter 11 cases.  Robert S.
Bernstein, Esq., at Bernstein Law Firm P.C., serves as counsel to
the Debtors.  Each of Great Plains and Oz Gas estimated
$10 million to $50 million in assets and debts.  John D. Oil's
balance sheet at Dec. 31, 2011, showed $6.98 million in total
assets, $13.26 million in total liabilities, and a stockholders'
deficit of $6.28 million.  The petitions were signed by Richard M.
Osborne, CEO.

The United States Trustee said a committee under 11 U.S.C. Sec.
1102 has not been appointed because no unsecured creditor
responded to the U.S. Trustee's communication for service on the
committee.


PHOENIX PAYMENT: Rival Fights Bid to Cut Software Claim by $9.5M
----------------------------------------------------------------
Law360 reported that card transaction company Post Integration,
Inc., which is embroiled in a software dispute with bankrupt rival
Phoenix Payment Systems Inc., urged a Delaware judge to reject the
debtor's move to cap its $10 million claim at $500,000, saying
that the sum it seeks cannot be reduced by estimation.

According to the report, Post Integrations, which contends it owns
software included in Phoenix Payment's $50 million Chapter 11
sale, said in a filing in Delaware bankruptcy court that the $10
million it seeks stems from a property interest in the software
and is thus not subject to estimation under the Bankruptcy Code.

                      About Phoenix Payment

Founded in 2004, Phoenix Payment Systems, Inc., aka Electronic
Payment Systems, aka EPX, is an international payment processor
with corporate headquarters in Wilmington, Delaware, and
technology headquarters in Phoenix, Arizona.  It provides
acceptance, processing, support, authorization and settlement
services for credit card, debit card and e-check payments.

Providing processing services at more than 8,700 locations
worldwide, PPS processed, in multiple currencies, 280 million
transactions in 2013 and expects to process 400 million in 2014.

Phoenix Payment Systems sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 14-11848) on Aug. 4,
2014, to quickly sell its assets.

As of the Petition Date, the Debtor had total outstanding
liabilities and other obligations of $16.6 million and 9.8 million
shares of outstanding preferred and common stock.  Debt to secured
creditor The Bancorp Bank is estimated at $6.2 million.  The
Debtor disclosed $7,230,399 in assets and $14,083,645 in
liabilities as of the Chapter 11 filing.

Judge Mary F. Walrath presides over the case.

The Debtor's attorneys are Richard J. Bernard, Esq., at Foley &
Lardner LLP, in New York; and Mark D. Collins, Esq., Russell
Siberglied, Esq., Zachary I Shapiro, Esq., and Marisa A.
Terranova, Esq., at Richards Layton & Finger, P.A., in Wilmington,
Delaware.  The Debtor's banker and financial advisor is Raymond
James & Associates, Inc., while Bederson, LLC, is the Debtor's
accountant.  PMCM, LLC, provides advisory services and executive
leadership to the Debtor.  The Debtor's claims and noticing agent
is Omni Management Group, LLC.

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors.  The Committee tapped
to retain Lowenstein Sandler LLP, and White and Williams LLP as
its co-counsel; Alvarez & Marsal North America, LLC as its
financial consultant.


PHOTOMEDEX INC: Obtains $1.4 Million From Private Placement
-----------------------------------------------------------
PhotoMedex, Inc., completed a private placement and sold 645,000
shares of its common stock at a price of $2.19 per share and
issued Warrants to purchase 322,500 shares of its common stock
with an exercise price of $2.25 per share.  The Private Placement
resulted in gross proceeds of $1,412,550 to the Company before
deducting the transaction expenses payable by the Company.

The Warrants are exercisable beginning on Dec. 12, 2015, until
Dec. 12, 2017.  The Purchasers include members of the Company's
board of directors.

On Dec. 12, 2014, the Company also entered into a Registration
Rights Agreement with the Purchasers.  Pursuant to the
Registration Rights Agreement, the Company has agreed to file with
the Securities and Exchange Commission a resale registration
statement on Form S-3 covering the Shares and the shares of common
stock underlying the Warrants as soon as practicable following the
date of closing of the Private Placement (but within 30 days of
the date of closing).

Pursuant to the Registration Rights Agreement, the Company agreed
to use its commercially reasonable efforts to cause the
Registration Statement to be declared effective under the
Securities Act of 1933 not later than 90 days after the closing
date of the Private Placement (including within five (5) business
days of the date that the Company is notified by the Commission
that a Registration Statement will not be "reviewed," or not be
subject to further review).  In addition, the Company must use its
commercially reasonable efforts to keep the Registration Statement
continuously effective under the Securities Act until such date as
is the earlier of the date when all Registrable Securities covered
by the Registration Statement have been sold or such time as all
Registrable Securities may be sold without any restriction
pursuant to Rule 144 of the Securities Act.

                         About PhotoMedex

PhotoMedex, Inc. is a global Health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at our LasikPlus(R) vision centers.

As reported by the TCR on Nov. 11, 2014, PhotoMedex, Inc., had
entered into an Amended and Restated Forbearance Agreement with
respect to its Credit Agreement dated May 12, 2014, and the
Initial Forbearance Agreement dated Aug. 25, 2014, by and among
the Company, as borrower and the lenders, and JPMorgan Chase Bank,
N.A., acting on behalf of secured creditors as the administrative
agent.  Subject to the terms of the Amended Forbearance Agreement,
for a period until Feb. 28, 2015, the Administrative Agent will
forbear from exercising any remedies relating to specified
defaults by the Company under the Credit Agreement.

The Company's balance sheet at Sept. 30, 2014, showed $277.47
million intotal assets, $137.56 million in total liabilities and
$139.90 million in total stockholders' equity.


Q4 PROPERTIES: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Q4 Properties, LLC.
        7610 NE 4th Court
        Miami, Fl 33138

Case No.: 14-37540

Chapter 11 Petition Date: December 17, 2014

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Robert A Mark

Debtor's Counsel: Scott Alan Orth, Esq.
                  LAW OFFICES OF SCOTT ALAN ORTH, P.A.
                  3880 Sheridan St.
                  Hollywood, FL 33021
                  Tel: 305.757.3300
                  Fax: 305.757.0071
                  Email: scott@orthlawoffice.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ofer Mizrahi, managing member.

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


QUICKSILVER RESOURCES: Darden Has 20.2% Stake as of Dec. 5
----------------------------------------------------------
Thomas F. Darden, Jr., disclosed in a regulatory filing with the
U.S. Securities and Exchange Commission that as of Dec. 5, 2014,
he beneficially owned 36,718,003 shares of common stock of
Quicksilver Resources Inc. representing 20.2 percent of the shares
oustanding.  A copy of the regulatory filing is available at:

                         http://is.gd/TY0TEV

                          About Quicksilver

Quicksilver Resources Inc. is an exploration and production
company engaged in the development and production of long-lived
natural gas and oil properties onshore North America.  Based in
Fort Worth, Texas, the company is widely recognized as a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999 and is listed on the New York Stock Exchange under the
ticker symbol KWK.  The company has U.S. offices in Fort Worth,
Texas; Glen Rose, Texas; Steamboat Springs, Colorado; Craig,
Colorado and Cut Bank, Montana.  The Company's Canadian
subsidiary, Quicksilver Resources Canada Inc., is headquartered in
Calgary, Alberta.

Quicksilver Resources posted net income of $161.61 million in 2013
following a net loss of $2.35 billion in 2012.  The Company's
balance sheet at Sept. 30, 2014, showed $1.26 billion in total
assets, $2.36 billion in total liabilities and a $1.09 billion
total stockholders' deficit.

                           *     *     *

As reported by the TCR on Sept. 30, 2014, Moody's Investors
Service downgraded Quicksilver Resources Inc.'s Corporate Family
Rating (CFR) to Caa3 from Caa1.  "The downgrade to Caa3 reflects
Moody's view that Quicksilver Resources' risk of default has
further increased," said Pete Speer, Moody's Senior Vice
President.

The TCR reported on Oct. 7, 2014, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Quicksilver
Resources Inc. to 'CCC-' from 'CCC+'.  "The downgrade reflects our
view that Quicksilver could undertake a distressed exchange for
its $350 million subordinated notes due 2016 within the next six
months," said Standard & Poor's credit analyst Carin Dehne-Kiley.


QUALITY DISTRIBUTION: Issues Redemption Notice for $10MM Notes
--------------------------------------------------------------
Quality Distribution, Inc., disclosed that its wholly-owned
subsidiaries, Quality Distribution, LLC, and QD Capital
Corporation, have issued notice that they will redeem $10 million
in aggregate principal amount of their 9.875% Second-Priority
Senior Notes due 2018 on Jan. 15, 2015.  The redemption price for
the 2018 Notes will be equal to 104.938% of the principal amount
of the notes to be redeemed, plus accrued and unpaid interest to
but not including the Redemption Date.  Borrowings under QD LLC's
existing revolving ABL credit facility or cash on hand will be
used to fund the redemption.

"This redemption is a further step in achieving our previously
discussed goal of reducing our cost of debt, while maintaining
strong liquidity," commented Joe Troy, executive vice president
and chief financial officer.  "As previously noted, we continue to
evaluate opportunities to refinance our outstanding 2018 Notes and
remain committed to reducing balance sheet leverage with our
strong free cash flow."

                    About Quality Distribution

Quality Distribution, LLC, and its parent holding company, Quality
Distribution, Inc., are headquartered in Tampa, Florida.  The
company is a transporter of bulk liquid and dry bulk chemicals.
The company's 2010 revenues are approximately $686 million.
Apollo Management, L.P., owns roughly 30 percent of the common
stock of Quality Distribution, Inc.

Quality Distribution reported a net loss of $42.03 million on
$929.81 million of total operating revenues for the year ended
Dec. 31, 2013, as compared with net income of $50.07 million on
$842.11 million of total operating revenues in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $439.63
million in total assets, $470.01 million in total liabilities and
a $30.38 million total shareholders' deficit.

                        Bankruptcy Warning

The Company had consolidated indebtedness and capital lease
obligations, including current maturities, of $383.3 million as of
Dec. 31, 2013.  The Company must make regular payments under the
ABL Facility, including the $17.5 million senior secured term loan
facility that was fully funded on July 15, 2013, and the Company's
capital leases and semi-annual interest payments under its 2018
Notes.

"The ABL Facility matures August 2016.  Obligations under the Term
Loan mature on June 14, 2016 or the earlier date on which the ABL
Facility terminates.  The maturity date of the ABL Facility,
including the Term Loan, may be accelerated if we default on our
obligations.  If the maturity of the ABL Facility and/or such
other debt is accelerated, we may not have sufficient cash on hand
to repay the ABL Facility and/or such other debt or be able to
refinance the ABL Facility and/or such other debt on acceptable
terms, or at all.  The failure to repay or refinance the ABL
Facility and/or such other debt at maturity would have a material
adverse effect on our business and financial condition, would
cause substantial liquidity problems and may result in the
bankruptcy of us and/or our subsidiaries.  Any actual or potential
bankruptcy or liquidity crisis may materially harm our
relationships with our customers, suppliers and independent
affiliates," the Company said in the Annual Report for the year
ended Dec. 31, 2013.

                           *    *     *

As reported in the TCR on June 28, 2013, Moody's Investors Service
upgraded Quality Distribution, LLC's Corporate Family Rating to B2
from B3 and Probability of Default Rating to B2-PD from B3-PD.

The upgrade of Quality's CFR to B2 was largely driven by the
expectation that credit metrics will improve over the next twelve
to eighteen months, through a combination of EBITDA growth and
debt paydowns, to levels consistent with the B2 rating level.  The
company is in the process of integrating the bolt-on acquisitions
made in its Energy Logistics business sector since 2011.


QUANTUM FUEL: Inks Debt Repayment Agreement With Advanced Green
---------------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., entered into a
debt repayment agreement, effective as of Dec. 10, 2014, with
Advanced Green Innovations, LLC, ZHRO Solutions, LLC, and Advanced
Green Technologies, LLC.  AGI and ZHRO are customers of the
Company and owe the Company approximately $2.2 million
(Outstanding Balance) for engineering, design and development
services invoiced by the Company through Oct. 3, 2014.

Under the terms of the Debt Repayment Agreement, AGI and ZHRO
jointly and severally agreed to pay the Outstanding Balance, plus
interest at 5% per annum, over a ten month period with the first
payment in the amount of $300,000 due on or before Dec. 25, 2014.
In the event that AGI and ZHRO fail to make any payment prior to
the expiration of any applicable cure period, then the remaining
Outstanding Balance is immediately due and payable and the
interest rate is increased to 18% per annum.  AGT, an affiliate of
AGI and ZHRO, provided the Company with a limited non-recourse
guaranty of AGI's and ZHRO's payment of the Outstanding Balance
and interest.

To secure AGI's and ZHRO's performance of its obligations under
the Debt Repayment Agreement and AGT's performance under its
limited non-recourse guaranty, AGI and AGT pledged all of their
ownership interests in East Camelback, LLC, consisting in the
aggregate of 510 voting units (51.0%), 474 non-voting units and
47.5% of the participation rights in East Camelback, pursuant to
the terms of a Pledge Agreement between the Company, AGI and AGT.
East Camelback indirectly owns 100% of a commercial building,
consisting of approximately 23,700 square feet of office space,
located in Phoenix, Arizona.

                         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: Taps Restructuring Advisors from FTI
-----------------------------------------------------
RadioShack Corporation entered into an agreement for advisory and
interim management services with FTI Consulting on Dec. 15, 2014.
In connection with this agreement, RadioShack appointed Carlin
Adrianopoli as interim chief financial officer.

Effective with the appointment of Mr. Adrianopoli, Ms. Holly Etlin
will no longer serve as interim chief financial officer of
RadioShack.

Carlin Adrianopoli, 39, has been a senior managing director in the
FTI Consulting Corporate Finance/Restructuring practice since 2010
and joined FTI in 2002.  Mr. Adrianopoli has more than 16 years of
experience serving as financial advisor and providing interim
management and performance improvement services to corporations,
various creditor classes, equity owners and directors of
underperforming companies.  Mr. Adrianopoli's services to
RadioShack are billed by FTI Consulting.  He is not separately
compensated by RadioShack for his services as Interim Chief
Financial Officer.

                     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.


REICHHOLD HOLDINGS: Sale Put Noteholders Closer to Takeover
-----------------------------------------------------------
Sherri Toub, a bankruptcy columnist for Bloomberg News, reported
that U.S. Bankruptcy Judge Mary F. Walrath in Delaware signed an
order approving the procedures governing the sale of the assets of
Reichhold Inc. to senior secured noteholders through non-bankrupt
affiliate Reichhold Acquisitions Holdings LLC, unless a higher or
better offer is received by Jan. 6.

According to the report, the sale procedures were geared toward
selling the business to the noteholders in exchange for debt,
while they took over affiliates through consensual foreclosure, as
contemplated at the outset of the Chapter 11 reorganization in
September.

As previously reported by The Troubled Company Reporter, an
auction will be held on Jan. 8, 2015, at 10:00 a.m., at the
offices of Hahn & Hassen LLP, lead counsel to the Official
Committee of Unsecured Creditors, 488 Madison Avenue, 14th Floor,
New York City.  The Court will convene a hearing on Jan. 9, at
2:00 p.m., to consider the sale of assets to the winning bidder.
Objections, if any, are due, Jan. 2, at 4:00 p.m.

                         About Reichhold

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

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

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

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

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

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

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

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

The cases are assigned to Judge Mary F. Walrath.

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

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


RESPONSE BIOMEDICAL: Closes Private Placement of 1.8-Mil. Shares
----------------------------------------------------------------
Response Biomedical Corp. announced the closing of a non-brokered
private placement with two entities related to Hangzhou Joinstar
Biomedical Technology Co. Ltd. for 1,800,000 common shares of
Response at a price of $1.21 per share for total gross proceeds of
$2,178,000.

The Company intends to use the net proceeds of the Private
Placement to fund capital equipment purchases related to the
previously announced Joinstar funded development program, research
and development and operating expenses and for general working
capital purposes.

The Private Placement was made on a non-brokered private placement
basis, exempt from prospectus and registration requirements of
applicable securities laws.

                     About Response Biomedical

Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss and comprehensive loss of
$5.99 million in 2013, a net loss and comprehensive loss of $5.28
million in 2012 and a net loss and comprehensive loss of $5.37
million in 2011.

PricewaterhouseCoopers LLP, in Vancouver, British Columbia, 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 recurring losses from
operations and has an accumulated deficit at Dec. 31, 2013, which
raises substantial doubt about its ability to continue as a going
concern.


RETROPHIN INC: Expects More Losses in the Immediate Future
----------------------------------------------------------
Retrophin, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
loss of $19.6 million on $8.35 million of net product sales for
the three months ended Sept. 30, 2014, compared with a net loss of
$10.9 million on $nil of net product sales for the same period in
2013.

The Company's balance sheet at Sept. 30, 2014, showed $146 million
in total assets, $156 million in total liabilities, and a
stockholders' deficit of $10.2 million.

Management believes that the Company will continue to incur losses
for the immediate future.  For the nine months ended Sept. 30,
2014, the Company has generated revenue and is trying to achieve
positive cash flow from operations.  The Company's future depends
on the costs, timing, and outcome of regulatory reviews of its
product candidates, ongoing research and development, the funding
of planned or potential acquisitions, other planned operating
activities, and the costs of commercialization activities,
including ongoing, product marketing, sales and distribution.  The
Company expects to finance its cash needs from results of
operations and depending on the results of operations, the Company
may need additional private and public equity offerings and debt
financings, corporate collaboration and licensing arrangements and
grants from patient advocacy groups, foundations and government
agencies.  Although management believes that the Company has
access to capital resources, there are no commitments for
financing in place at this time, nor can management provide any
assurance that such financing will be available on commercially
acceptable terms, if at all.  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/c2vKe6

Retrophin, Inc., develops, acquires and commercializes therapies
for the treatment of serious, catastrophic or rare diseases.  The
Company offers Chenodal(R), a treatment for gallstones;
Vecamyl(R), a treatment for moderately severe to severe essential
hypertension and uncomplicated cases of malignant hypertension;
and Thiola, for the prevention of kidney stone formation in
patients with severe homozygous cystinuria.


SALIX PHARMACEUTICALS: S&P Affirms 'B' CCR; Off CreditWatch Neg.
----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating and issue-level ratings on Salix Pharmaceuticals
Ltd. and removed them from CreditWatch, where they were placed
with negative implications on Nov. 7, 2014.  The outlook is
stable.

S&P had lowered the rating to 'B' from 'B+' and placed the ratings
on CreditWatch negative on Nov. 7, 2014, when it learned that
inventory levels were significantly higher than previously
expected and that the company planned to work that inventory down
in 2015 and 2016.  That led S&P to revise its revenue and EBITDA
xpectations lower and raised questions about the level of end-
market demand for Salix's products.

"The rating affirmation and assignment of a stable outlook is
based on recent company revenue and EBITDA guidance for 2015 and
2016," said Standard & Poor's credit analyst David Kaplan.  This
guidance indicates still robust end-market demand for Salix's
products and supports the conclusion that sales levels in recent
quarters were not grossly inflated by inventory build at
distributers and that the build occurred over an extended period.

Although the company's updated plan to accelerate the reduction of
distributer inventory enables the company to normalize sales and
inventory sooner, S&P believes this will weigh on liquidity in the
near term.  S&P expects a substantial EBITDA loss in the fourth
quarter to constrain availability of the revolver for the next few
quarters, that inventory will build at Salix as the company pares
back sales to work down inventory at distributers without slowing
its purchases from contract manufacturers, and that the company is
constrained from share-settling the $345 million convertible notes
maturing in May 2015.  Also, as part of Salix's entering into
inventory management agreements with its main distributors, S&P
expects the company to negotiate better accounts-receivable
collection terms or to pursue other solutions to meet liquidity
needs through 2015.

The stable outlook reflects S&P's expectation that revenues and
margins will rise significantly in 2016, once the excess inventory
at distributers has been reduced to target levels.  S&P also
expects the company to generate positive free cash flow and to
remain highly leveraged through 2015.

S&P could lower the rating if the company is unable to generate
free cash flow, if liquidity needs are not adequately addressed in
coming months, or if product demand falls materially short of
S&P's expectations.

S&P could raise the rating once adjusted leverage declines below
5x and FFO to debt rises above 12%, providing that S&P is
convinced the company is committed to sustaining those measures on
an ongoing basis.


SONOMA CHICKEN: Case Summary & 8 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Sonoma Chicken Coop Skyport, Inc.
        90 Skyport Drive, #100
        San Jose, CA 95110-1358

Case No.: 14-54962

Chapter 11 Petition Date: December 17, 2014

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

Judge: Hon. Stephen L. Johnson

Debtor's Counsel: David S. Henshaw, Esq.
                  HENSHAW LAW OFFICE
                  1871 The Alameda #333
                  San Jose, CA 95126
                  Tel: (408) 533-1075
                  Email: david@henshawlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Peter A. Smith, member of Board of
Directors.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/canb14-54962.pdf


SOUZA PROPANE: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Souza Propane, Inc.
        P.O. Box 615
        Denair, CA 95316-0615

Case No.: 14-91633

Chapter 11 Petition Date: December 17, 2014

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

Judge: Hon. Ronald H. Sargis

Debtor's Counsel: David C. Johnston
                  DAVID C. JOHNSTON
                  1600 G Street, Suite 102
                  Modesto, CA 95354
                  Tel: 209-579-1150

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lawrence J. Souza, president.

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


SUNRISE REAL ESTATE: Incurs $1.9 Million Net Loss in Fiscal 2013
----------------------------------------------------------------
Sunrise Real Estate Group, Inc., filed with the U.S. Securities
and Exchange Commission its annual report on Form 10-K disclosing
a net loss of $1.93 million on $12.76 million of net revenues for
the year ended Dec. 31, 2013, compared to a net loss of $3.47
million on $8.52 million of net revenues for the year ended
Dec. 31, 2012.

As of Dec. 31, 2013, the Company had $61.69 million in total
assets, $58.09 million in total liabilities and $3.60 million in
total stockholders' equity.

Finesse CPA, P.C., in Chicago, Illinois, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that the
Company has a working capital deficiency, accumulated deficit from
recurring net losses for the current and prior years, and
significant short-term debt obligations currently in default or
maturing in less than one year.  These conditions raise
substantial doubt about its ability to continue as a going
concern.

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

                       http://is.gd/NawNn6

                    About Sunrise Real Estate

Headquartered in Shanghai, the People's Republic of China, Sunrise
Real Estate Group, Inc. was initially incorporated in Texas on
Oct. 10, 1996, under the name of Parallax Entertainment, Inc.
On Dec. 12, 2003, Parallax changed its name to Sunrise Real
Estate Development Group, Inc.  On April 25, 2006, Sunrise Estate
Development Group, Inc., filed Articles of Amendment with the
Texas Secretary of State, changing the name of Sunrise Real Estate
Development Group, Inc. to Sunrise Real Estate Group, Inc.,
effective from May 23, 2006.

The Company and its subsidiaries are engaged in the property
brokerage services, real estate marketing services, property
leasing services and property management services in China.


TRIGEANT HOLDINGS: Court Terminates Exclusive Periods
-----------------------------------------------------
The Hon. Erik P. Kimball of the U.S. Bankruptcy Court for the
Southern District of Florida granted BTB Refining LLC's request
to terminate the periods within which Trigeant Holdings Ltd. and
its debtor-affiliates have the exclusive right to file a Chapter
11 plan and solicit acceptances of that plan.

Confirmation of the BTB Plan shall be considered on a parallel
track to the Debtors' Plan.  The Court's order dated Oct. 30, 2014
setting various deadlines in respect of the Debtors' Plan will be
applicable to both the Debtors' Plan and the BTB Plan and modified
as follows:

                                Debtors' Plan   BTB Plan
                                -------------   --------
Deadline for Filing of Plan    Completed       Dec. 15, 2014

Deadline for Fee Applications  Feb. 10, 2015   Feb. 10, 2015

Deadline for Filing Ballots    Feb. 12, 2015   Not Applicable
   Accepting or Rejecting the
   Plan

Deadline for Objections to     Feb. 13, 2015   Feb. 13, 2015
  Confirmation

Deadline for Objections to     Feb. 13, 2015   Not Applicable
  Final Approval of Disclosure
  Statement

Proponent's Deadline for       Feb. 13, 2015   Feb. 13, 2015
  Filing Proponent's Report and
  Confirmation Affidavit

Proponent's Deadline for       Feb. 17, 2015   Feb. 17, 2015
  Filing Response to Any
  Objection

Deadline for Delivery of       Satisfied       Jan. 30, 2015
  Binding Commitment Letter
  (With No Due Diligence
  Condition), Delivery of
  $1.5 Million Deposit which
  will be nonrefundable in
  case of breach by proposed
  buyer, and elimination of
  financing and due diligence
  contingencies in asset
  purchase agreement

Hearing on final approval of   Feb. 19-20,     Feb. 19-20,
  disclosure statement (If      2015; Feb. 23-  2015; Feb. 23-
  applicable), confirmation     24, 2015        24, 2015
  of Plan, and fee applications

Discovery in respect of the BTB plan shall be conducted on a
parallel track as discovery in respect of the Debtors' Plan.  The
discovery deadlines set forth in the Court's order dated Oct. 29,
2014, will be applicable to both the Debtors' Plan and the BTB
Plan and modified as follows:

                                Debtors' Plan   BTB Plan
                                -------------   --------
Deadline to Serve Any Written  Dec. 15, 2014   Dec. 15, 2014
  Discovery (Including Requests
  for Production of Documents,
  Interrogatories, and Requests
  for Admission, Collectively,
  the "Written Discovery")

Last date for depositions      Feb. 12, 2015   Feb. 12, 2015

                     About Trigeant Holdings

Trigeant Holdings, Ltd., and Trigeant, LLC, filed separate Chapter
11 bankruptcy petitions (Bankr. S.D. Fla. Case Nos. 14-29027 and
14-29030, respectively) on Aug. 25, 2014.  Berger Singerman LLP
serves as the Debtor's counsel.  Trigeant Holdings estimated both
assets and liabilities of $50 million to $100 million.

The Debtors filed on Sept. 16, 2014, their Joint Plan of
Reorganization under Chapter 11 of the Bankruptcy Code.  The Plan
is premised on the sale of substantially all of the Debtors'
assets to Gravity Midstream Corpus Christi, LLC.  The Plan
provides that holders of Allowed Claims will be paid in full, in
cash.

The U.S. Trustee for Region 21 has not appointed a committee of
unsecured creditors.


TRUMP ENTERTAINMENT: Union Says Deal to Save Casino Fell Apart
--------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
the union representing more than 1,000 workers at the Trump Taj
Mahal casino accused billionaire Carl Icahn of backing out of a
deal that would have saved the endangered Atlantic City gambling
hall.

According to the report, Mr. Icahn said he's willing to provide up
to $20 million to keep the casino operating while it works out its
troubles in bankruptcy, but confirmed that he could not put
together the hoped-for global settlement.

                 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.


TRUMP ENTERTAINMENT: Firm Gets $1.25MM Fees But Sits Behind Icahn
-----------------------------------------------------------------
Law360 reported that a Chapter 11 judge rejected Trump
Entertainment Resorts Inc.'s attempt to invalidate a lien for
$1.25 million in fees that Levine Staller Sklar Chan & Brown PA
never received for work on a property tax dispute but subordinated
the law firm below some $300 million held by Trump's secured
lender, Carl Icahn.

According to the report, in a written opinion, U.S. Bankruptcy
Judge Kevin Gross upheld Levine Staller's statutory charging lien
on the fees under New Jersey law and called out Trump for mounting
an "unsettling" attack on the law firm's ethical conduct in
protecting its claim.  The decision can only come as bad news for
Trump as it heads toward a critical Dec. 11 hearing to determine
if it should liquidate instead of continuing in Chapter 11, the
report related.

                 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.


TRUMP ENTERTAINMENT: Wants Plan Filing Date Extended to April 7
---------------------------------------------------------------
Trump Entertainment Resorts, Inc., et al., ask the U.S. Bankruptcy
Court for the District of Delaware to extend their exclusive plan
filing date through and including April 7, 2015, and their
exclusive solicitation date through and including June 8, 2015.

According to the Debtors, they are in the process of modifying the
reorganization plan that they have already submitted to address
concerns raised by the Court, as well as to address certain of the
concerns raised by the Official Committee of Unsecured Creditors.
The Debtors tell the Court that they expect to present the
modified plan to the Court for solicitation at the hearing
scheduled to take place on December 22, 2014.  The Debtors state
that although they believe they will be able to confirm a plan of
reorganization in short order and within their initial Exclusive
Solicitation Period, out of an abundance of caution, they seek an
extension of the Exclusive Periods in the event that the plan
currently on file requires further modifications and amendments.

The Debtors' initial Exclusive Filing Period extends through and
including Jan. 7, 2015, while their initial Exclusive Solicitation
Period extends through and including March 9, 2015.

A hearing on the extension request is scheduled for Jan. 6, 2015,
at 10:00 a.m. (ET).  Objections are due Dec. 30.

                 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.


ULTIMATE NUTRITION: Section 341(a) Meeting Set for Jan. 14
----------------------------------------------------------
A meeting of creditors in the bankruptcy cases of Ultimate
Nutrition, Inc., and ProStar, Inc., is scheduled for Jan. 14,
2015, at 1:00 p.m. at Office of the UST.  Creditors have until
April 14, 2015, to submit their proofs of claim.

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

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

Ultimate Nutrition, Inc., and ProStar, Inc. (Bankr. D. Conn. Case
Nos. 14-22402 and 14-22403, respectively) on Dec. 17, 2014.  The
petitions were signed by Brian Rubino as president.  Ultimate
Nutrition disclosed estimated assets of $10 million to $50 million
and liabilities of $10 million to $50 million.  Pullman & Comley,
LLC, serves as the Debtors' counsel.  Laquerre Michaud & Company
LLC is the Debtors' accountant.  Marcum LLP acts as the Debtors'
financial advisor.  The cases are assigned to Judge Albert S.
Dabrowski.

The Debtors are engaged in the development, sale and
distribution of high quality nutritional supplements for
bodybuilding, enhanced athletic performance and fitness.


ULTIMATE NUTRITION: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                        Case No.
      ------                                        --------
      Ultimate Nutrition, Inc.                      14-22402
      21 Hyde Rd
      Farmington, CT 06032

      ProStar, Inc.                                 14-22403
      7 Corporate Avenue
      Farmington, CT 06032

Nature of Business: Engaged in the development, sale and
                    distribution of high quality nutritional
                    supplements for bodybuilding, enhanced
                    athletic performance and fitness.

Chapter 11 Petition Date: December 17, 2014

Court: United States Bankruptcy Court
       District of Connecticut (Hartford)

Judge: Hon. Albert S. Dabrowski

Debtors' Counsel: Irve J Goldman, Esq.
                  Jessica Grossarth, Esq.
                  PULLMAN & COMLEY, LLC
                  850 Main Street
                  PO Box 7006
                  Bridgeport, CT 06601
                  Tel: 203-330-2000
                  Fax: 203-576-8888
                  Email: igoldman@pullcom.com
                         jgrossarth@pullcom.com

Debtors'          LAQUERRE MICHAUD & COMPANY LLC
Accountant:

Debtors'          MARCUM, LLP
Financial
Advisor:

                                         Estimated    Estimated
                                          Assets     Liabilities
                                        -----------  -----------
Ultimate Nutrition                      $10MM-$50MM  $10MM-$50MM
ProStar, Inc.                           $1MM-$10MM   $10MM-$50MM

The petitions were signed by Brian Rubino, president.

A. List of Ultimate Nutrition's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Fonterra                                               $452,387
Attn: Officer, General or
Managing Agent
9525 Bryn Mawr Ave #700
Des Plaines, IL 60018

Saputo                                                 $349,385
Attn: Officer, General or
Managing Agent
One Overlook Point #300
Lincolnshire, IL 60069

Robinson & Cole, LLP                                   $326,001
Attn: Officer, General or
Managing Agent
280 Trumbull Street
Hartford, CT 06103

Bactolac Pharmaceutical, Inc                           $271,777
Attn: Officer, General or
Managing Agent
7 Oser Ave
Hauppauge, NY 11788

Shimadzu Scientific Instruments, Inc.                  $229,386

Vyse Gelatin Company                                   $180,960

Multi Packaging Solutions                               $93,425

Pretium Packaging                                       $85,027

Virginia Dare                                           $82,250

ADH Health Products, Inc.                               $68,239

American Media, Inc.                                    $66,800

Kyowa Hakko USA, Inc.                                   $58,750

Cargill, Inc.                                           $57,222

The Hershey Company                                     $53,613

Crossroad Ingredients                                   $50,400

IPL                                                     $37,350

Arnold & Porter LLP                                     $25,332

Fighters Only Limited                                   $20,000

Darter Specialties                                      $19,152

Fortune Bridge Co., Inc.                                $19,000

B. List of Prostar Inc.'s seven Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Hamilton                                                $70,000

Cintas Corporation                                      $15,000

Grainger                                                $10,000

Aeroteck                                                 $5,000

Chemstation                                              $3,000

Tri-Lift                                                 $3,000

J&J Paving                                                 $507


UNITEK GLOBAL: Young Conaway Approved as Bankruptcy Counsel
-----------------------------------------------------------
The Bankruptcy Court authorized UniTek Global Services, Inc., et
al., to employ Young Conaway Stargatt & Taylor, LLP as counsel.

Young Conaway was retained by the Debtors pursuant to an
engagement agreement dated July 28, 2014.  In preparing for the
Chapter 11 cases, Young Conaway has become familiar with the
Debtors' business and affairs and many of the potential legal
issues that may arise in the context of these chapter 11 cases.
Accordingly, the Debtors believe that Young Conaway is uniquely
qualified to represent them as bankruptcy co-counsel in the
chapter 11 cases.

The principal attorneys and paralegal presently designated to
represent the Debtors, and their current standard hourly rates,
are:

     Position                        Rate Range
     --------                        ----------
     Robert S. Brady                    $765
     M. Blake Cleary                    $670
     Kenneth J. Enos                    $430
     Justin P. Duda                     $350
     Debbie Laskin (paralegal)          $240

As of the Petition Date, the firm holds a retainer in the amount
of $93,706.

Robert S. Brady, a partner at Young Conaway Stargatt, asserts that
Young Conaway is a "disinterested person" as that term is defined
in Section 101(14) of the Bankruptcy Code.

                  About UniTek Global Services

UniTek Global Services, Inc., based in Blue Bell, Pennsylvania,
provides fulfillment and infrastructure services to media and
telecommunication companies in the United States and Canada.  As
of Sept. 30, 2014, the Debtors have 2,500 employees,
substantially all of whom are full-time.

On Nov. 3, 2014 UniTek Global and nine subsidiary companies filed
petitions in the United States Bankruptcy Court for the District
of Delaware seeking relief under chapter 11 of the United States
Bankruptcy Code, with Lead Case No. 14-12471.  The Debtors' cases
have been assigned to Judge Judge Peter J. Walsh.

UniTek Global reported a net loss of $52.07 million on $472
million of revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $77.7 million on $438 million of revenues
in 2012.

The Debtors have tapped Morgan, Lewis & Bockius LLP as counsel;
Young, Conaway, Stargatt & Taylor, LLP, as co-counsel; Miller
Buckfire & Co. LLC, as financial advisor; Protiviti Inc., and Epiq
Bankruptcy Solutions, LLC, as claims and noticing agent.

The Company's balance sheet at March 29, 2014, showed $250 million
in total assets against $257 million in total liabilities.

                             *   *   *

The Debtors filed a joint prepackaged Chapter 11 plan of
reorganization on the Petition Date.  The Plan contemplates
confirmation and consummation within 45 days and provides for the
payment in full of all general unsecured claims in the ordinary
course of business.

Before the bankruptcy date, holders of ABL Facility Claims and
Term Loan Claims voted unanimously to accept the Plan.


UNITEK GLOBAL: Morgan Lewis Approved as Bankruptcy Co-Counsel
-------------------------------------------------------------
The Bankruptcy Court authorized UniTek Global Services, Inc., et
al., to employ Morgan, Lewis & Bockius LLP as their co-counsel,
nunc pro tunc to the Petition Date.

As reported in the Troubled Company Reporter on Dec. 11, 2014, MLB
has routinely advised the Debtors on general corporate and
securities matters, employment matters, executive compensation and
employee benefits matters and litigation; and MLB was retained as
the Debtors' restructuring counsel in the months leading up to the
Petition Date.

The Debtors will pay for Morgan Lewis' services according to the
Firm's standard rates, which are:

     Position                        Rate Range
     --------                        ----------
     Partners                        $655 to $985
     Counsel                            $695
     Associates                      $310 to $605
     Legal Assistant                    $315

The firm will also bill the Debtors for actual and necessary out-
of-pocket expenses incurred and to be incurred in connection with
the engagement.

Neil E. Herman, Esq., a partner at Morgan Lewis, assures the Court
that the Firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code.

                  About UniTek Global Services

UniTek Global Services, Inc., based in Blue Bell, Pennsylvania,
provides fulfillment and infrastructure services to media and
telecommunication companies in the United States and Canada.  As
of Sept. 30, 2014, the Debtors have 2,500 employees,
substantially all of whom are full-time.

On Nov. 3, 2014 UniTek Global and nine subsidiary companies filed
petitions in the United States Bankruptcy Court for the District
of Delaware seeking relief under chapter 11 of the United States
Bankruptcy Code, with Lead Case No. 14-12471.  The Debtors' cases
have been assigned to Judge Judge Peter J. Walsh.

UniTek Global reported a net loss of $52.07 million on $472
million of revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $77.7 million on $438 million of revenues
in 2012.

The Debtors have tapped Morgan, Lewis & Bockius LLP as counsel;
Young, Conaway, Stargatt & Taylor, LLP, as co-counsel; Miller
Buckfire & Co. LLC, as financial advisor; Protiviti Inc., and Epiq
Bankruptcy Solutions, LLC, as claims and noticing agent.

The Company's balance sheet at March 29, 2014, showed $250 million
in total assets against $257 million in total liabilities.

                             *   *   *

The Debtors filed a joint prepackaged Chapter 11 plan of
reorganization on the Petition Date.  The Plan contemplates
confirmation and consummation within 45 days and provides for the
payment in full of all general unsecured claims in the ordinary
course of business.

Before the bankruptcy date, holders of ABL Facility Claims and
Term Loan Claims voted unanimously to accept the Plan.


UNITEK GLOBAL: Protiviti, et al OK'd as Bankruptcy Professionals
----------------------------------------------------------------
The Bankruptcy Court authorized UniTek Global Services, Inc., to
employ:

   1. Miller Buckfire & Co., LLC as financial advisor and
investment banker; and

   2. Protiviti, Inc., as restructuring consultant.

To the best of the Debtors' knowledge, Miller Buckfire and
Protiviti are "disinterested persons" as that term is defined in
Section 101(14) of the Bankruptcy Code.

                  About UniTek Global Services

UniTek Global Services, Inc., based in Blue Bell, Pennsylvania,
provides fulfillment and infrastructure services to media and
telecommunication companies in the United States and Canada.

On Nov. 3, 2014 UniTek Global and nine subsidiary companies filed
petitions in the United States Bankruptcy Court for the District
of Delaware seeking relief under chapter 11 of the United States
Bankruptcy Code.  The Debtors' cases have been assigned to Judge
Judge Peter J. Walsh. The Debtors are seeking to have their cases
jointly administered for procedural purposes, with pleadings to be
maintained on the case docket for UniTek Global Services, Inc.,
Case No. 14-12471.

The Debtors have tapped Morgan, Lewis & Bockius LLP as counsel;
Young, Conaway, Stargatt & Taylor, LLP, as co-counsel; Miller
Buckfire & Co. LLC, as financial advisor; Protiviti Inc., and Epiq
Bankruptcy Solutions, LLC, as claims and noticing agent.

As of Sept. 30, 2014, the Debtors have 2,500 employees,
substantially all of whom are full-time.

UniTek Global reported a net loss of $52.07 million on $472
million of revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $77.7 million on $438 million of revenues
in 2012.

The Company's balance sheet at March 29, 2014, showed $250 million
in total assets against $257 million in total liabilities.


UNIVERSAL COOPERATIVES: Has Until March 2015 to File Plan
---------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware extending the plan filing period for
Universal Cooperatives, Inc., et al., through and including
March 9, 2015, and their solicitation period through and including
May 6, 2015.

                   About Universal Cooperatives

As an inter-regional farm supply cooperative, Universal
Cooperatives, Inc. consolidates the purchasing power of its
members to procure, and/or manufacture, and distribute high
quality products at competitive prices. Universal has 14 voting
members and over 50 associate members.

Eagan, Minnesota-based Universal Cooperatives and its affiliates
sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 14-
11187) on May 11, 2014.  The debtor-affiliates are Heritage
Trading Company, LLC; Bridon Cordage LLC; Universal Crop
Protection Alliance, LLC; Agrilon International, LLC; and Pavalon,
Inc.  UCI do Brasil, a majority-owned subsidiary located in
Brazil, is not a debtor in the Chapter 11 cases

The cases are assigned to Judge Mary F. Walrath.

Universal estimated $1 million to $10 million in assets and $10
million to $50 million in debt.  Heritage estimated less than $10
million in assets and debt.

The Debtors have tapped Travis G. Buchanan, Esq., Robert S. Brady,
Esq., Andrew L. Magaziner, Esq., and Travis G. Buchanan, Esq., at
Young Conaway Stargatt & Taylor, LLP; and Mark L. Prager, Esq.,
Michael J. Small, Esq., and Emil P. Khatchatourian, Esq., at Foley
& Lardner LLP, as counsel; The Keystone Group, as financial
advisor and Prime Clerk as notice and claims agent.

Bank of America, N.A., as agent for the DIP Lenders, is
represented by Daniel J. McGuire, Edward Kosmowski, Esq., and
Gregory M. Gartland, Esq., at Winston & Strawn, LLP.

The United States Trustee for Region 3 has appointed seven members
to the Official Committee of Unsecured Creditors, which is
represented by Sharon Levine, Esq., Bruce S. Nathan, Esq., and
Timothy R. Wheeler, Esq., at LOWENSTEIN SANDLER LLP, in Roseland,
New Jersey; and Jamie L. Edmonson, Esq., and Daniel A. O'Brien,
Esq., at VENABLE LLP, in Wilmington, Delaware.


W.E. YODER: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: W.E. Yoder, Inc.
        41 South Maple Street
        Kutztown, PA 19530

Case No.: 14-19893

Chapter 11 Petition Date: December 18, 2014

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

Judge: Hon. Richard E. Fehling

Debtor's Counsel: David B. Smith, Esq.
                  SMITH KANE HOLMAN, LLC
                  112 Moores Road, Suite 300
                  Malvern, PA 19355
                  Tel: (610) 407-7217
                  Fax: (610) 407-7218
                  Email: dsmith@smithkanelaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by William E. Yoder, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/paeb14-19893.pdf


WESTMORELAND COAL: Closes $350 Million Notes Offering
-----------------------------------------------------
Westmoreland Coal Company announced the closing of its private
offering of $350 million in aggregate principal amount of 8.75%
Senior Secured Notes due 2022 and its previously announced $350
million Senior Secured Term Loan due 2020.  Westmoreland also
announced the final results of its tender offer and consent
solicitation commenced on Nov. 17, 2014, for its 10.75% Senior
Secured Notes due 2018.

The Tender Offer expired at 12:00 a.m., New York City time, on
Dec. 15, 2014.  An aggregate of $664,960,000, representing 98.44%
of the principal amount of the 10.75% Notes outstanding, was
validly tendered and not withdrawn as of the Expiration Date.
Westmoreland funded the consideration paid to the tendering
holders of the 10.75% Notes using proceeds from its offering of
the New Notes and the Term Loan, and with available cash on hand.

On Dec. 16, 2014, in connection with a satisfaction and discharge
of the indenture governing the 10.75% Notes, Westmoreland issued a
notice of redemption notifying holders of any remaining 10.75%
Notes that, on Feb. 1, 2015, Westmoreland will redeem all of the
10.75% Notes that remained outstanding following the Tender Offer
under the terms of the related indenture.

Concurrently with the closing of the offering of the New Notes and
the Term Loan, Westmoreland also entered into a second amended and
restated revolving credit facility with The PrivateBank and Trust
Company.

                       About Westmoreland Coal

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

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

                           *     *     *

As reported by the TCR on Nov. 20, 2014, Standard & Poor's Rating
Services raised its corporate credit rating on Westmoreland Coal
Co. one-notch to 'B' from 'B-'.  "The stable outlook is supported
by Westmoreland's committed sales position over the next year,
which should result in stable cash flows," said Standard & Poor's
credit analyst Chiza Vitta.

Moody's upgraded the corporate family rating (CFR) of Westmoreland
Coal Company to B3 from Caa1, and assigned Caa1 rating to the
company's proposed new $300 million First Lien Term Loan, the TCR
reported on Nov. 20, 2014.  The upgrade of the CFR reflects the
company's successful integration of the Canadian mines acquired in
April 2014, and Moody's expectation that the company's Debt/
EBITDA will track at around 5x in 2015 and 2016 and that the
company will be break-even to modestly free cash flow positive
over the same time period.


WORLD SURVEILLANCE: Signs Asset Purchase Agreement With Orbital
---------------------------------------------------------------
World Surveillance Group Inc. entered into an asset purchase
agreement with Great West Resources, Inc. ("Parent"), Orbital
Satcom Corp., a wholly owned subsidiary of Parent ("Purchaser"),
and Global Telesat Corp., a wholly owned subsidiary of the
Company.  Pursuant to the APA, GTC sold to the Purchaser certain
of its contracts with Globalstar, Inc., and Globalstar LLC as well
as certain customers but only as to their business that is
directly and exclusively related to the Globalstar Contracts in
return for a cash purchase price of $250,000.  GTC specifically
retained all assets and its business other than the Globalstar
Contracts, including the appliqu's acquired under the Globalstar
Contracts, its e-commerce mobile satellite solutions portal
through which it resells satellite telecommunications equipment
and services offered by other leading satellite network providers
such as Inmarsat, Iridium, Globalstar and Thuraya, its Amazon and
E-Bay online stores, and its subscription based online tracking
portal called GTCTrack, designed to attract new satellite and GSM
tracking customers by offering an easy-to-use interface and
compatibility with a wide range of devices.  The Company intends
to use the funds received to focus on the continued growth of
GTC's business following this deal and for other general working
capital purposes.

On Dec. 10, 2014, the Company entered into a Non-Exclusive License
Agreement with GTC, Parent and the Purchaser whereby GTC granted
to Purchaser a fully-paid, irrevocable and non-exclusive license
to use its appliqu's for a 10 year period in return for a license
fee equal to $2,000,000 of common stock of Parent, with the shares
being valued on the basis of the closing price of Parent's stock
on the day immediately preceding closing, or 2,222,222 shares of
Parent's common stock.  GTC has granted Purchaser (i) a right of
first refusal to purchase some or all of the appliqu's at their
depreciated book value as set forth in the Company's most recent
filing with the Securities and Exchange Commission upon a
bankruptcy event, and (ii) a right to receive notice if GTC
receives a third party offer to purchase any of the appliqu's and
the right to make a competing offer which may not be below the
Depreciated Book Value Price.  GTC, Parent and Purchaser also
agreed to enter into a value added reseller agreement for a ten
(10) year period whereby GTC will receive a discount of 25% off
the standard pricing given to any of the Purchaser's or Parent's
VARs or distributors on messaging air-time.

On Dec. 10, 2014, the Company and GTC entered into a Separation
Agreement with David Phipps whereby he resigned his employment and
all positions as an officer or director with GTC but agreed to
provide, among other things, various transitional services to the
Company to assist in the running of the business of GTC on
initially a full-time basis, but then on a part-time as needed
basis, in return for a transitional services payment of $25,000.
In the Separation Agreement, Mr. Phipps agreed to waive his rights
to all amounts owed to him by GTC or the Company other than fifty
percent of any employment compensation owed at the time of the
deal, and in return for that and a full release of the Company and
GTC, GTC and the Company released Mr. Phipps from various
obligations, including his non-competition obligations, pursuant
to his employment agreement and a Stock Purchase Agreement dated
May 25, 2011.

On Dec. 10, 2014, the Company and GTC entered into a Consulting
Agreement with Trident Aerial Recon LLC to assist the Company with
the operation of the business of GTC for a consulting fee of
$5,000 per month.

The Company also entered into certain Stock Purchase Agreements
with various purchasers for the sale of an aggregate of 7,000,000
shares of Series D Convertible Preferred Stock, par value $0.0001
per share, of Drone Aviation Holding Corp. held by the Company for
an aggregate purchase price of $475,000.  The Company intends to
use the funds received to continue the development of the Argus
One airship and for other general working capital purposes.

On Dec. 10, 2014, the Company entered into a Share Cancellation
and Assignment Agreement with Denville and Dover Fund LLC.
Pursuant to the Share Cancellation Agreement, Denville (i)
returned 31,428,571 shares of the Company's common stock for
cancellation, (ii) terminated its right of first refusal on future
financings, its registration rights, certain anti-dilution rights,
and various other rights pursuant to a Stock Purchase Agreement
dated May 5, 2014, between the parties, and (iii) terminated a
Consulting Agreement between the parties dated May 5, 2014.  In
return for the rights given up by Denville in the Share
Cancellation Agreement, the Company agreed to transfer 3,000,000
shares of Preferred Stock of Drone Aviation Holding Corp. held by
the Company to Denville.

                     About World Surveillance

World Surveillance Group Inc. designs, develops, markets and sells
autonomous lighter-than-air (LTA) unmanned aerial vehicles (UAVs)
capable of carrying payloads that provide persistent security
and/or wireless communication from air to ground solutions at low,
mid and high altitudes.  The Company's airships, when integrated
with electronics systems and other high technology payloads, are
designed for use by government-related and commercial entities
that require real-time intelligence, surveillance and
reconnaissance or communications support for military, homeland
defense, border control, drug interdiction, natural disaster
relief and maritime missions.  The Company is headquartered at the
Kennedy Space Center, in Florida.

World Surveillance reported a net loss of $3.41 million on
$558,574 of net revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $3.36 million on $272,201 of net
revenues for the year ended Dec. 31, 2012.

Rosen Seymour Shapss Martin & Company LLP, in New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has experienced significant losses
and negative cash flows, resulting in decreased capital and
increased accumulated deficits.  These conditions raise
substantial doubt about its ability to continue as a going
concern.

As of Sept. 30, 2014, the Company had $6.14 million in total
assets, $17.29 million in total liabilities, all current, and a
$11.14 million total stockholders' deficit.

                         Bankruptcy Warning

"We have incurred substantial indebtedness and may be unable to
service our debt.

"Our total indebtedness at September 30, 2014 was $17,292,275.  A
portion of such indebtedness reflects judicial judgments against
us that could result in liens being placed on our bank accounts or
assets.  We are continuing to review our ability to reduce this
debt level due to the age and/or settlement of certain payables
but we may not be able to do so.  This level of indebtedness
could, among other things:

   * make it difficult for us to make payments on this debt and
     other obligations;

   * make it difficult for us to obtain future financing;

   * require us to redirect significant amounts of cash from
     operations to servicing the debt;

   * require us to take measures such as the reduction in scale of
     our operations that might hurt our future performance in
     order to satisfy our debt obligations; and

   * make us more vulnerable to bankruptcy or an unwanted
     acquisition on terms unsatisfactory to us," the Company
     stated in its quarterly report for the period ended Sept. 30,
     2014.


WPCS INTERNATIONAL: To Amend Certificate of Incorporation
---------------------------------------------------------
WPCS International Incorporated has determined that an error was
made in a prior reduction of its authorized shares that was
accomplished by the filing of a Certificate of Amendment to the
Certificate of Incorporation of the Company filed on May 16, 2013.

The Certificate of Amendment had effectuated a one-for-seven
reverse split of the Company's issued and outstanding shares of
common stock, par value $0.0001 per share, as of May 28, 2013, and
at the same time, erroneously reduced the number of authorized
shares of Common Stock by the same ratio, from 100,000,000 to
14,285,715.  The Company has determined that it did not have the
authority to decrease the number of authorized shares pursuant to
the Certificate of Amendment because it lacked stockholder
approval.

The Company's stockholders had previously approved the Reverse
Split as well as an increase in the number of authorized shares of
Common Stock to 100,000,000 at the Company's annual meeting of
stockholders on Feb. 28, 2013.  Following the Annual Meeting, on
March 4, 2013, the Company filed a Certificate of Amendment to its
Certificate of Incorporation increasing the number of authorized
shares of Common Stock to 100,000,000.  The amendment became
effective on filing.  Subsequently, on May 16, 2013, the Company
filed the Certificate of Amendment, which purported to reduce the
authorized shares of Common Stock effective May 28, 2013.

The Company has determined, with the advice of counsel, to file a
Certificate of Correction to the Certificate of Amendment in order
that the Company's Certificate of Incorporation accurately
reflects that the total number of authorized shares of Common
Stock is 100,000,000.

The Certificate of Correction will obviate the need to continue to
seek stockholder approval to increase the number of authorized
shares of Common Stock.  Accordingly, the Company will cancel the
special meeting of the Company's stockholders that was adjourned
on Dec. 12, 2014, until Jan. 8, 2015.

               About WPCS International Incorporated

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

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

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

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


XTREME POWER: Directed to File Corrected Disclosure Statement
-------------------------------------------------------------
The Bankruptcy Court directed Xtreme Power Inc., et al., to file a
corrected disclosure statement explaining the Amended Joint Plan
of Reorganization.  The case docket stated that an order is due by
Dec. 29, 2014.

Notrees Windpower, LP and Duke Energy Transmission Holding
Company, LP, creditors and parties-in-interest, filed a limited
objection to the Disclosure Statement accompanying the First
Amended Joint Chapter 11 Plan of Liquidation.  Duke Energy
requested that the Bankruptcy Court sustain the limited objection
and require the Debtors to include the position statement to any
approved disclosure statement distributed to creditors and parties
in interest.  Notrees is the owner of a wind turbine electric
generating facility located in Ector and Winkler Counties, Texas.
In order to provide for the development, installation,
maintenance, and operation of a 36 MW hybrid energy storage
system, Notrees entered into certain agreements with Xtreme Power
Systems, LLC.

                             The Plan

As reported in the Troubled Company Reporter on Nov. 28, 2014,
according to the Disclosure Statement, the Plan provides that the
assets of the Debtors' estates will fund the plan trust that will
in turn pay allowed administrative claims and then make certain
distributions in accordance with the terms of a mediated
settlement agreement.  The distributions will be based on the
allocation of sales proceeds from sales of the Debtors' assets and
litigation rights.  The Plan appoints Angelo A. DeCaro, Jr., to
serve as plan trustee for the plan trust.

The mediation settlement reflects a compromise of many disputed
claims by multiple parties.

A copy of the Disclosure Statement dated Nov. 7, 2014, is
available for free at:

    http://bankrupt.com/misc/Xtreme_Power_1_Am_Plan_DS.pdf

                       About Xtreme Power

Founded in November 2006, Xtreme Power Inc. and its affiliates
designed, installed, and monitored energy storage and power
management systems.  Xtreme Power was headquartered in Kyle,
Texas, with operations throughout the U.S.

Xtreme Power Inc. and two affiliates filed Chapter 11 bankruptcy
petitions (Bankr. W.D. Tex. Lead Case No. 14-10096) in Austin,
Texas, on Jan. 22, 2014.  Judge Christopher H. Mott presides over
the case.

The Debtors have tapped Shelby A. Jordan, Esq., at Jordan, Hyden,
Womble, Culbreth & Holzer, P.C., as bankruptcy counsel.  The
Debtors engaged Gordian Group, LLC, as investment banker and
financial advisor.  In addition, Baker Botts LP is serving as
special counsel for transactions; Bracewell & Giuliani LLP is
special counsel for certain litigation matters; Griggs & Spivey is
special Counsel for the ECI litigation; Fish & Richardson P.C. is
special counsel for patents and trademarks; and The Wenmohs Group
has been tapped tax returns

Debtor Power Inc. scheduled $7,004,915 in total assets and
$65,743,283 in total liabilities.  Debtor Power Grove scheduled
$5,179,692 in total assets and $31,882,277 in total liabilities.
Power Systems scheduled $4,303,921 in total assets and $87,666,873
in total liabilities.

The Creditors' Committee is represented by Eric J. Taube, Esq.,
Mark C. Taylor, Esq., and Morris D. Weiss, Esq., at Hohmann, Taube
& Summers, LLP, in Austin, Texas.

Younicos was the winning bidder at an auction with a $14 million
for the substantially all of the assets of the Debtors.  The Court
approved the sale by Order dated April 11, 2014, and the
transaction closed on April 14, 2014.  Upon consummation of the
sale to Younicos all the Debtors employees were hired by Younicos.




YSC INC: Hearing Today on Request for Final Decree Closing Case
---------------------------------------------------------------
The Hon. Marc Barreca of the U.S. Bankruptcy Court for the Western
District of Washington will hold a hearing at 9:30 a.m. on Dec.
19, 2014, to consider approval of YSC Inc.'s request for final
decree closing its Chapter 11 case.

According to the Debtor, its plan was confirmed Oct. 7, 2014,
and thus became effective after Oct. 21, 2014.  The accompanying
declaration of Sang Yim sets forth a detailed report of the status
of payments under the plan.  As evidenced in the declaration, the
Debtor has substantially consummated the approved plan as defined
in 11 U.S.C. section 1101(2) through commencement of payments.

The Debtor says no adversary proceedings were filed in connection
with this case.

                          About YSC Inc.

YSC Inc., owner of a Comfort Inn in Federal Way, Washington, and a
Ramada Inn in Olympia, Washington, filed a petition for Chapter 11
protection (Bankr. W.D. Wash. Case No. 13-17946) on Aug. 30, 2013,
in Seattle.

The owner listed the hotels as worth $17.9 million.  Total debt is
$18.5 million, including $18 million in secured debt.  Among
mortgage holders, Whidbey Island Bank is owed $13.3 million.

Bankruptcy Judge Marc L. Barreca presides over the case.  Wells
and Jarvis, P.S., serves as YSC's counsel.

Scott Hutchison, Esq., represents Whidbey Island Bank.

YSC's principals Sang Kil Yim and Chan Sook Yim filed for personal
Chapter 11 bankruptcy (Case No. 14-10897).


ZAZA ENERGY: Has Insufficient Liquidity for Next Six Months
-----------------------------------------------------------
ZaZa Energy Corporation filed its quarterly report on Form 10-Q,
reporting net income of $10.12 million on $2.69 million of total
revenue for the three months ended Sept. 30, 2014, compared with a
net loss of $20.6 million on $1.1 million of total revenue for the
same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed
$69.5 million in total assets, $125.1 million in total
liabilities, and a stockholders' deficit of $55.7 million.

As of Sept. 30, 2014, the Company had $11.8 million in cash and
cash equivalents and working capital deficit of $6.8 million.
Over the next six months, the Company intend to fund cash general
and administrative expenses, cash interest payments, and capital
expenditures from cash currently on hand of $11.8 million and net
cash flows from operations, if any.   Zaza Energy does not
currently generate sufficient cash flows to maintain positive
liquidity to fund operating and debt service requirements
throughout the next six months.

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

                        http://is.gd/oeXBYC

                   About ZaZa Energy Corporation

Headquartered in Houston, Texas, ZaZa Energy Corporation --
http://www.ZaZaEnergy.com/-- is a publicly traded exploration
and production company with primary assets in the Eagle Ford and
Eagle Ford East resource plays in Texas.


* Jury Convicts Ex-Detroit Treasurer of Pension Fund Fraud
----------------------------------------------------------
Law360 reported that a Michigan federal jury has found Detroit's
ex-treasurer and two former pension officials guilty of conspiring
to defraud retirees through a far-reaching bribery and kickback
scheme that allegedly cost Detroit's retirement systems more than
$97 million and preceded its bankruptcy declaration last year.

According to the report, following a two-month trial, the jurors
decided that former Treasurer Jeffrey Beasley, 45; Ronald Zajac,
70, the former general counsel of Detroit's two pension systems,
the General Retirement System and the Police and Fire Retirement
System; and Paul Stewart, 57, a trustee of the latter system,
conspired to defraud the city's pensioners by accepting bribes in
a scheme that took place between January 2006 and September 2008.

The case is USA v. Jeffrey Beasley et al., case number 2:12-cr-
20030, in the U.S. District Court for the Eastern District of
Michigan, Southern Division.


* Sec. 363 Reforms Could Have Big Implications in Ch. 11s
---------------------------------------------------------
Stephen J. Lubben, writing for The New York Times' DealBook,
reported that one of the American Bankruptcy Institute's reform
proposal that asset sales should be subject to the same basic
rules as a formal plan under Chapter 11 of the Bankruptcy Code
could have big implications for bankruptcy cases.

According to the report, the ABI suggested that sales under
Section 363 of the Bankruptcy Code should be required to comply
with the "cramdown" rules of Chapter 11, but the suggestion, Mr.
Lubben, says is a head scratcher as there are no creditor classes
and votes yet when a court considers an asset sale under Section
363.  Moreover, Mr. Lubben points out that it is not typically the
debtor violating the absolute priority rule that is an issue in
363 sales, but, rather it's the asset buyer making side payments
to buy post-closing peace who often surface as violators of the
rule.


* BOOK REVIEW: Landmarks in Medicine - Laity Lectures
               of the New York Academy of Medicine
-----------------------------------------------------
Introduction by James Alexander Miller, M.D.
Publisher:  Beard Books
Softcover: 355 pages
List Price: $34.95
Review by Henry Berry

Order your own personal copy today at http://bit.ly/1sTKOm6

As the subtitle points out, the seven lectures reproduced in this
collection are meant especially for general readers with an
interest in medicine, including its history and the cultural
context it works within. James Miller, president of the New York
Academy of Medicine which sponsored the lectures, states in his
brief "Introduction" that this leading medical organization "has
long recognized as an obligation the interpretation of the
progress of medical knowledge to the public." The lectures
collected here succeed admirably in fulfilling this obligation.

The authors are all doctors, most specialists in different areas
of medicine. Lewis Gregory Cole, whose lecture is "X-ray Within
the Memory of Man," is a consulting roentgenologist at New York's
Fifth Avenue Hospital. Harrison Stanford Martland is a professor
of forensic medicine at New York University College of Medicine.
Many readers will undoubtedly find his lecture titled "Dr. Watson
and Mr. Sherlock Holmes" the most engrossing one. Other doctor-
authors are more involved in academic areas of medicine and
teaching. Reginald Burbank is the chairman of the Section of
Historical and Cultural Medicine at the New York Academy of
Medicine. He lectured on "Medicine and the Progress of
Civilization." Raymond Pearl, whose selection is "The Search for
Longevity," is a professor of biology at Johns Hopkins University.

The authors' high professional standing and involvement in
specialized areas do not get in the way of their aim to speak to a
general audience. They are all skilled writers and effective
communicators. As the titles of some of the lectures noted in the
previous paragraph indicate, the seven selections of "Landmarks in
Medicine" focus on the human-interest side of medicine rather than
the scientific or technological. Even the two with titles which
seem to suggest concern with technical aspects of medicine show
when read to take up the human-interest nature of these topics.
"The Meaning of Medical Research", by Dr. Alfred E. Cohn of the
Rockefeller Institute for Medical Research, is not so much about
methods, techniques, and equipment of medical research, but is
mostly about the interinvolvement of medical research, the
perennial concern of individuals with keeping and recovering good
health, and social concerns and pressures of the day. "The meaning
of medical research must regard these various social and personal
aspects," Cohn writes. In this essay, the doctor does answer the
questions of what is studied in medical research and how it is
studied. And he answers the related question of who does the
research. But his discussion of these questions leads to the final
and most significant question "for what reason does the study take
place?" His answer is "to understand the mechanisms at play and to
be concerned with their alleviation and cure." By "mechanisms,"
Cohn means the natural--i. e., biological--causes of disease and
illness. The lay person may take it for granted that medical
research is always principally concerned with finding cures for
medical problems. But as Cohn goes into in part of his lecture,
competition for government grants or professional or public
notoriety, the lure of novel experimentation, or research mainly
to justify a university or government agency can, and often do,
distract medical researchers and their associates from what Cohn
specifies should be the constant purpose of medical research. Such
purpose gives medicine meaning to humankind.

The second lecture with a title sounding as if it might be about a
technical feature of medicine, "X-ray Within the Memory of Man,"
is a historical perspective on the beginnings of the use of x-ray
in medicine. Its author Lewis Cole was a pioneer in the
development of x-rays in the late 1800s and early1900s. He mostly
talks about the development of x-ray within his memory. In doing
so, he also covers the work of other pioneers, notably William
Konrad Roentgen and Thomas Edison. Roentgen was a "pure scientist"
who discovered x-rays almost by accident and at first resented the
application of his discovery to practical uses such as medical
diagnosis. Edison, the prodigious inventor who was interested only
in the practical application of scientific discoveries, and his
co-worker Clarence Dally enthusiastically investigated the
practical possibilities of the discoveries in the new field of
radiation. Dally became so committed to his work in this field
that he shortly developed an illness and died. At the time, no on
knew about the dangers of prolonged exposure to x-rays. But
sensing some connection between his co-worker's untimely death and
his work with x-rays, Edison stopped his own investigations.

Cole himself became involved in work with x-rays during his
internship at Roosevelt Hospital in New York City in 1898 and
1899. His contribution to this important field was in the area of
interpretation of what were at the time primitive x-rays and
diagnosis of ailments such as tuberculosis and kidney stones. Cole
writes in such a way that the reader feels she or he is right with
him in the steps he makes in improving the use of x-rays. He adds
drama and human interest to the origins of this important medical
technology. The lecture "Dr. Watson and Mr. Sherlock Holmes" uses
the popular mystery stories of Arthur Conan Doyle to explore the
role of medicine in solving crimes, particularly murder. In some
cases, medical tests are required to figure out if a crime was
even committed. This lecture in particular demonstrates the
fundamental role played by medicine in nearly all major areas of
society throughout history. The seven collected lectures have
broad appeal. All of them are informative and educational in an
engaging way. Each is on an always interesting topic taken up by a
professional in the field of medicine obviously skilled in
communicating to the general reader. The authors seem almost mind
readers in picking out the most fascinating aspects of their
subjects which will appeal to the lay readers who are their
intended audience. While meant mainly for lay persons, the
lectures will appeal as well to doctors, nurses, and other
professionals in the field of medicine for putting their work in a
broader social context and bringing more clearly to mind the
interests, as well as the stake, of the public in medicine.


                             *********

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
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related conferences are encouraged.  Send announcements to
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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
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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
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                  *** End of Transmission ***