TCR_Public/141223.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Tuesday, December 23, 2014, Vol. 18, No. 356

                            Headlines

ACADIA HEALTHCARE: S&P Retains 'B+' CCR on CreditWatch Negative
ACR ENERGY: Revel Power Plant Operator Warns of Bankruptcy
AETERNA ZENTARIS: Receives NASDAQ Listing Non-Compliance Notice
ALCO STORES: Going-Out-Of-Business Sale Underway at 198 Stores
ALSIP ACQUISITION: Heads to Auction in January

AMERICAN APPAREL: Considering Buyout Offer
AMFIN FINANCIAL: Fights FDIC Over Specific Trust for Tax Refund
AP-LONG BEACH: Case Summary & 20 Largest Unsecured Creditors
ASARCO LLC: US Asks High Court to Reverse Baker Botts Fee Ruling
BAXANO SURGICAL: Gets Approval of Bid Procedures

BAYONNE ENERGY: Moody's Cuts Rating on $555MM Secured Debt to B1
BERNARD L. MADOFF: Court Rebuffs Investor Who Skipped $410M Deal
BERNARD L. MADOFF: 2 More Underlings Sentenced for Aiding Scheme
BERNARD L. MADOFF: Account Manager Must Forfeit 2 Houses, Bentley
BERNARD L. MADOFF: 'Tech Guy' Gets 2.5 Years for Ponzi Programming

BERNARD L. MADOFF: Customers to Receive $322 Million from Trustee
BINDER & BINDER: Seeks Joint Administration of Ch. 11 Cases
BINDER & BINDER: Wants Schedules Deadline Extended to Feb. 2
BINDER & BINDER: Proposes BMC Group as Claims Agent
BINDER & BINDER: Proposes Lease Rejection Procedures

BINDER & BINDER: 1,000 Workers Not Impacted by Bankruptcy for Now
CAESARS ENTERTAINMENT: Enters Into Restructuring Support Agreement
CHRYSLER GROUP: JPMorgan Not Due $24M in Tax Money, Treasury Says
CNO FINANCIAL: Fitch Affirms 'BB+' IDR; Outlook Positive
CREEKSIDE ASSOCIATES: Case Summary & 20 Top Unsecured Creditors

DELIA*S INC: Taps ICR to Guide Communications for Wind Down
DENDREON CORP: U.S. Trustee Opposes Plan Support Agreements
DETROIT, MI: Miller Canfield Counsels City in Closing $1.28B Bonds
DURADRIL LLC: Case Summary & 20 Largest Unsecured Creditors
EAST CLEVELAND, OH: To Decide on Bankruptcy Filing after Q1 2015

ENDEAVOUR INT'L: Disclosures OK'd, Plan Hearing Set for Feb. 9
ENTEGRA POWER: Entergy Pays $948MM for Arkansas Gas Plant
ENERGY FUTURE: Kirkland Bankruptcy Fees Hit $20 Million
EVERGREEN VINTAGE: Files for Chapter 11 Bankruptcy Protection
EXIDE TECHNOLOGIES: Shareholders Lose Bid for Official Committee

GENAERA CORP: 3rd Circ. Affirms Revival Of Investor Suit
GLOBAL OUTREACH: Dentons Denies Playing Part in Botched Loan
GT ADVANCED: Bid for Equity Committee Appointment Denied
GULFCO HOLDING: Loses Bid to Overturn Ch. 11 Dismissal
HEARUSA INC: Siemens' $3.6M Settlement With Stockholders OK'd

HELLAS TELECOM: Noteholders' $333M Suit Against Sponsors Revived
HENRY BUSHKIN: Johnny Carson's Atty Sues Counsel Over Book
HOUSTON REGIONAL: Astros, Rockets to Pay $26MM for Collateral
HUNTINGTON INGALLS: Fitch Raises IDR to 'BB+'; Outlook Stable
IAMGOLD CORP: S&P Cuts Corp. Rating to 'B+', Off Watch Negative

KCG HOLDINGS: S&P Raises Rating on $305MM Sr. Sec. Notes to 'BB-'
LAKE LAS VEGAS: Highland Wins $40MM Verdict Against Credit Suisse
LEHMAN BROTHERS: Barclays Fighting to Hold on to Trademark
LEHMAN BROTHERS: Files 61st Status Report on Claims Settlement
LEHMAN BROTHERS: FOGADE Wins Nod to Tap Diaz Reus as Agent

LEHMAN BROTHERS: LBI & Athlion Settle $47.95-Million Claim
LEHMAN BROTHERS: Files Suit to Disallow Ella E.M. Claim
LEHMAN BROTHERS: Sues Olin College to Recover $2 Million
LEHMAN BROTHERS: Sues Utah Housing Over Derivatives
LOMBARD PUBLIC: S&P Lowers Series A-2 Bonds Rating to 'CC'

LOUIS BULLARD: Justices Take Case Limiting Ch. 13 Appeals
MARCUS ENTERPRISES: Case Summary & 9 Unsecured Creditors
MARTIN MIDSTREAM: S&P Affirms 'B+' Corp. Credit Rating, Off Watch
MAUDORE MINERALS: Creditor Gets Receiver for Aurbec Mines
MEXX: Gordon Brothers, Hilco Commence Going-Out-of-Business Sales

MIDWEST FAMILY: S&P Affirms 'B' Rating on 2006A Class IV Bonds
MIG LLC: Litigation Amendment Approved
NII HOLDINGS: Insider Incentive Plan Draws U.S. Trustee Objection
O.W. BUNKER: Proposes Montgomery McCracken as Bankruptcy Counsel
O.W. BUNKER: Taps Robinson & Cole as Connecticut Counsel

O.W. BUNKER: Taps A&M as Restructuring Advisor
OAKLEY AND SON: Case Summary & 5 Largest Unsecured Creditors
OVERSEAS SHIPHOLDING: Unveils Mgt. Changes 4 Months After Exit
PHOENIX PAYMENT: Plan Filing Period Extended to March 2
PORT AGGREGATES: Case Summary & 17 Largest Unsecured Creditors

RADIAN GROUP: Assured Guaranty Nears Deal for Unit
RADIOSHACK CORP: Lender Sends Mixed Signals About Bankruptcy
REVEL AC: Sale to Runner-Up Polo North Set for Jan. 5 Hearing
REVEL AC: Taps Slater Tenaglia to Handle Casino Collections Cases
ROTHSTEIN ROSENFELDT: Trustee Seeks Clarification on Claims

SEMGROUP LP: Ex-CEO Asks 3rd Circ. to Nix Investor Fraud Suit
SENTINEL MANAGEMENT: Trustee Can't Wipe Out BNY Mellon's Debt
SIGA TECHNOLOGIES: Seeks Approval to Hire PwC as Auditor
SIMPLEXITY LLC: Bankruptcy Deal OK'd Over US Trustee Objection
SIRRUB SERVICES: Voluntary Chapter 11 Case Summary

STANFORD GROUP: BNY's Pershing Can't Escape Ponzi Suit
STOCKTON, CA: Judge Denies Franklin Bid to Reduce Retiree Claims
SUMMERFIELD AT SNOW HILL: Case Summary & 5 Top Unsec. Creditors
TRUMP ENTERTAINMENT: CEO Says Union Killed Deal to Save Casino
TRUMP ENTERTAINMENT: To Stay Open Into New Year, Lawyer Says

TURF LLC: Case Summary & 7 Largest Unsecured Creditors
ULTIMATE NUTRITION: Nutritional Supplements Seller Files Ch.11
ULTIMATE NUTRITION: Seeks to Use TD Bank's Cash Collateral
ULTIMATE NUTRITION: Asks for Joint Administration of Cases

* Jury Awards Highland Capital $40MM in Suit vs. Credit Suisse
* Proposed Fixes Would Try to Make Bankruptcy Cheaper

* Daniel J. Casamatta Appointed Acting U.S. Trustee for Region 13
* Andrew R. Vara Appointed Acting U.S. Trustee for Region 3

* Large Companies With Insolvent Balance Sheet


                             *********


ACADIA HEALTHCARE: S&P Retains 'B+' CCR on CreditWatch Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services said that its ratings on Acadia
Healthcare Co. Inc. are not affected by Acadia's announcement that
it is upsizing its term loan A by $235 million in anticipation of
its acquisition of CRC Health Group Inc., which S&P expects to
close in early 2015.

S&P's 'B+' corporate credit rating and all issue-level ratings
(including the 'BB' issue-level rating on the company's upsized
term loan A) remain on CreditWatch with negative implications,
where S&P placed them on Oct. 31, 2014, following the company's
announcement of its intention to acquire CRC.  S&P intends to
resolve its CreditWatch once the acquisition and associated
financing are completed in early 2015.  S&P believes any downgrade
to the corporate credit rating would be limited to one notch.

RATINGS LIST

Acadia Healthcare Co. Inc.
Corporate Credit Rating           B+/Watch Neg
Senior Secured                    BB/Watch Neg
   Recovery Rating                 1
Senior Unsecured                  B/Watch Neg
   Recovery Rating                 5


ACR ENERGY: Revel Power Plant Operator Warns of Bankruptcy
----------------------------------------------------------
Jacqueline Palank, writing for Daily Bankruptcy Review, reported
that ACR Energy Partners LLC, the power plant custom built to
light up the Atlantic City, N.J., boardwalk's now-shuttered Revel
hotel and casino, is again warning that it, too, may have to file
for bankruptcy protection as a result of Revel's troubles.

As previously reported by The Troubled Company Reporter, citing
Daily Bankruptcy Review, U.S. Bankruptcy Judge Gloria Burns in New
Jersey has scrapped a $110 million deal to sell Revel Casino Hotel
to Canadian private-equity firm Brookfield Property Partners LP,
approving the casino operator's request to terminate the sale,
placing a Florida-based real-estate developer in line to purchase
the property.

Revel AC has asked the bankruptcy court to approve the sale of its
assets to backup bidder Polo North County Club Inc., which offered
$95.4 million, after the winning bidder, Brookfield Property,
backed out of the deal.

A Brookfield representative has said in November that it wouldn't
be moving forward with the $110 million sale because, according to
sources, Brookfield was spooked by the situation involving ACR
Energy, a joint venture between South Jersey Industries Inc. and
DCO Energy LLC whose power plant provides Revel, its only
customer, with air conditioning, hot water and electricity.

ACR's bondholders, owed $118 million, have refused to renegotiate
debt related to the JV's plant, casting doubt on its future
operation, the report said.


AETERNA ZENTARIS: Receives NASDAQ Listing Non-Compliance Notice
---------------------------------------------------------------
Aeterna Zentaris Inc. on Dec. 19 disclosed that it has received a
notice from The NASDAQ Listing Qualifications Department
indicating that the Company's minimum bid price has fallen below
$1.00 for 30 consecutive business days, and, therefore, was no
longer in compliance with NASDAQ Marketplace Rule 5550(a)(2) - bid
price.  The Company has been provided 180 calendar days, or until
June 16, 2015, to regain compliance with the minimum bid price
requirement.  To regain compliance, the closing bid price of the
Company's common stock must be at least $1.00 per share for a
minimum of 10 consecutive business days.  This notice does not
impact the Company's listing on The NASDAQ Capital Market at this
time.

Under NASDAQ rule 5810(c)(3)(A) - compliance period, if the
Company does not regain compliance within the initial 180-day
period, but otherwise meets the continued listing requirement for
market value of publicly held shares and all other initial listing
standards for The NASDAQ Capital Market (rule 5505 - Capital
Market criteria) except for the bid price requirement, and the
Company provides NASDAQ with notice of its intention to cure the
bid price deficiency, the NASDAQ rules may permit an additional
180 calendar days to regain compliance.  If the Company is not
eligible for an additional compliance period, NASDAQ will notify
the Company that its securities are subject to delisting.  At that
time, the Company may appeal this determination to delist its
securities to a NASDAQ Hearings Panel.

The Company intends to monitor the bid price for its securities
between now and June 16, 2015 and will consider all available
options to resolve the deficiency and regain compliance with the
minimum bid price requirement.

                  About Aeterna Zentaris Inc.

Aeterna Zentaris -- http://www.aezsinc.com-- is a specialty
biopharmaceutical company engaged in developing and
commercializing novel treatments in oncology, endocrinology and
women's health.


ALCO STORES: Going-Out-Of-Business Sale Underway at 198 Stores
--------------------------------------------------------------
Tiger Capital Group, LLC on Dec. 18 disclosed that last-minute
holiday shoppers will now find even bigger bargains at the Going-
Out-Of-Business sale underway at all 198 Alco stores located
across 23 states in the Midwest, Southeast and Southwest.

Effective Dec. 18, discounts of up to 50%-off the lowest ticketed
price are being offered on all toys, as well as the stores' entire
Christmas department, greeting cards and party supplies.
Liquidation discounts are also being offered on Alco's remaining
inventories of family apparel and footwear, housewares,
electronics, seasonal products, sporting goods, food and snack
items, health and beauty aids, hardware, and more.  Some stores
are closing soon, so consumers are urged to shop as soon possible
to get the widest selection of merchandise.

As previously reported, the U.S. Bankruptcy Court in Dallas
approved an order on November 20 authorizing Tiger Capital Group
LLC, SB Capital Group LLC and Great American Group LLC to begin
liquidating all locations of Alco Stores.  More than $260 million
of inventory, fixtures and equipment are being liquidated during
the sale, which began on November 21.

Alco stores, which average 25,000 square feet in size, are located
in Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Illinois,
Indiana, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, New
Mexico, North Dakota, Ohio, Oklahoma, South Dakota, Texas, Utah,
Wisconsin, and Wyoming.

For a list of locations, go to:

               http://www.alcostores.com//about_us

All stores are maintaining their normal business hours during this
liquidation sale and continue to honor Alco's Rewards Program.
Cash and major credit cards will be accepted.

                      About ALCO Stores

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

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

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

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

The Debtors have DLA Piper LLP (US) as counsel; Houlihan Lokey
Capital, Inc., as financial advisor; and Prime Clerk LLC as claims
and noticing agent.  Michael Moore has been named consultant to
the Debtors.

As of July 2014, ALCO Stores had assets totaling $222 million and
liabilities totaling $162 million.  The bulk of the liabilities
was total debt outstanding under a credit facility with Wells
Fargo Bank, National Association, of which the aggregate
outstanding was $104.2 million as of the Petition Date.

The U.S. Trustee for Region 6 appointed seven creditors to serve
in the official committee of unsecured creditors of ALCO Stores,
Inc.  The Law Office of Judith W. Ross serves as local counsel to
the Committee.


ALSIP ACQUISITION: Heads to Auction in January
----------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Alsip Acquisition LLC received court approval
of procedures governing the sale of assets associated with its
idled paper mill in Alsip, Illinois.

According to the report, the bankruptcy was designed to sell real
estate and equipment at the mill to Montreal-based Resolute Forest
Products Inc. for $5 million, subject to competitive bidding.
Competing bids are due Jan. 6, and Alsip, in consultation with
lender Wells Fargo Bank NA and the official creditors' committee,
may extend the bid deadline to Jan. 12, the report related.

If Alsip receives more than one qualified bid by the Jan. 6 bid
deadline, and the deadline hasn't been extended, the auction will
be on Jan. 7, the report further related.  If the bid deadline
were extended to Jan. 12, the auction will take place Jan. 13, the
report added.

                     About Alsip Acquisition

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

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

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

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

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


AMERICAN APPAREL: Considering Buyout Offer
------------------------------------------
Chelsey Dulaney, writing for The Wall Street Journal, reported
that American Apparel Inc. said that it is evaluating an offer to
sell itself at a hefty premium, following its announcement that a
new shareholder rights plan meant to defend the company from a
hostile takeover.

According to the Journal, the company, which officially ousted its
chief executive and founder Dov Charney, was approached by Irving
Place Capital about a possible takeover for a price of $1.30 to
$1.40 a share.  American Apparel confirmed that it has received an
offer for $1.30 to $1.40 a share -- double the level shares were
trading at before news of the offer sent shares soaring, the
Journal related.

The New York Times' DealBook reported that shares of American
Apparel surged in early trading on Dec. 22 after the company said
it had received an overture to buy the company for $1.30 to $1.40
share.  The shares were up more than 7 percent before the market
opening, the DealBook said.

                      About American Apparel

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

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

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

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

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

                           *     *     *

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

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

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


AMFIN FINANCIAL: Fights FDIC Over Specific Trust for Tax Refund
---------------------------------------------------------------
Law360 reported that AmFin Financial Corp. told an Ohio federal
court that state law does not allow the Federal Deposit Insurance
Corp. to establish a specific trust to turn over a $170 million
tax refund that the FDIC says is its property.  According to the
report, the FDIC asked the Northern District of Ohio in a November
amended complaint to declare the existence of a specific trust so
the FDIC could obtain the 2008 tax refund of AmFin subsidiary
AmTrust Bank even though a specific trust is a federal common law.

                     About AmTrust Financial

AmTrust Financial Corp. was the owner of the AmTrust Bank.
AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.  The debtor
subsidiaries include AmFin Real Estate Investments, Inc., formerly
AmTrust Real Estate Investments, Inc. (Case No. 09-21328).

G. Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri
L. Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, served as counsel to the Debtors.
Kurtzman Carson Consultants served as claims and notice agent.
Attorneys at Hahn Loeser & Parks LLP serve as counsel to the
Official Committee of Unsecured Creditors.  AmTrust Management
estimated $100 million to $500 million in assets and debts in its
Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.

AmTrust, nka AmFin Financial Corp., obtained confirmation of its
Amended Joint Plan of Reorganization on Nov. 3, 2011.  The plan
was declared effective in December 2011.


AP-LONG BEACH: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: AP-Long Beach Airport LLC
        14770 Firestone Blvd., Suite 206
        La Mirada, CA 90638

Case No.: 14-33372

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 19, 2014

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

Judge: Hon. Vincent P. Zurzolo

Debtor's Counsel: Alan J Friedman, Esq.
                  IRELL & MANELLA LLP
                  840 Newport Center Dr Ste 400
                  Newport Beach, CA 92660
                  Tel: 949-760-5107
                  Email: afriedman@irell.com

                    - and -

                  Kerri A Lyman, Esq.
                  IRELL & MANELLA LLP
                  840 Newport Center Dr Ste 400
                  Newport Beach, CA 92660
                  Tel: 949-760-5224
                  Fax: 949-760-5200
                  Email: klyman@irell.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Donald G. Abbey, authorized individual.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Stapleton Group                      Vendor            $45,080

City of Long Beach                   Vendor            $24,746

Southern California Edison           Vendor            $11,010

Universal Building Maintenance LLC   Vendor            $10,318

Precision Landscape                  Vendor             $5,022

EnviroBusiness, Inc.                 Vendor             $4,400

City of Long Beach                   Vendor             $2,962

Chem-Aqua, Inc.                      Vendor             $2,953

Acco Engineered Systems              Vendor             $2,885

J.M. Carden Sprinkler Co, Inc.,      Vendor             $1,821

Granite Telecommunications LLC       Vendor             $1,738

Elga                                 Vendor             $1,524

ADM Electrical Solutions, Inc.       Vendor             $1,434

South Coast A.Q.M.D.                 Vendor             $1,333

Vortex Industires, Inc.              Vendor             $1,290

Terminix Processing Center           Vendor             $1,025

4 Seasons Roofing Inc.               Vendor             $1,023

DC Environmental                     Vendor               $964

Coastal Maintenance Inc.             Vendor               $955

PL Hawn Company, Inc.                Vendor               $735


ASARCO LLC: US Asks High Court to Reverse Baker Botts Fee Ruling
----------------------------------------------------------------
Law360 reported that the federal government joined state bar
associations from California, Florida, New York, Texas and others
urging the U.S. Supreme Court to reverse a Fifth Circuit decision
that overturned fees associated with Baker Botts LLP's $117
million fee award for defending Asarco LLC in the mining company's
bankruptcy.

According to the report, the Fifth Circuit found that $5.2 million
in compensation for costs incurred in the defense of an
application for professional fees were not necessary to the
administration of a bankruptcy case.

The case in the Supreme Court is Baker Botts LLP v. Asarco LLC,
14-103, U.S. Supreme Court (Washington).

                         About Asarco LLC

Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/--
is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.

ASARCO LLC filed for Chapter 11 protection (Bankr. S.D. Tex. Case
No. 05-21207) on Aug. 9, 2005.  Attorneys at Baker Botts
L.L.P., and Jordan, Hyden, Womble & Culbreth, P.C., represented
the Debtor in its restructuring efforts.

On Dec. 9, 2009, Asarco Incorporated and Americas Mining
Corporation's Seventh Amended Plan of Reorganization for the
Debtors became effective and the ASARCO Asbestos Personal Injury
Settlement Trust was created and funded with nearly $1 billion in
assets, including more than $650 million in cash plus a $280
million secured note from Reorganized ASARCO.  The Plan, which was
confirmed both by the bankruptcy and district courts, reintegrated
ASARCO LLC back to parent Grupo Mexico concluding the four-year
Chapter 11 proceeding.


BAXANO SURGICAL: Gets Approval of Bid Procedures
------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Bankruptcy Court in Delaware has
approved the procedures governing the bidding and sale of Baxano
Surgical Inc.'s assets and has allowed the company to proceed with
a Jan. 22 auction.

According to the report, the bid procedures provide interested
parties the opportunity to serve as so-called stalking horse, with
a Dec. 22 deadline for designation, while competing bids are due
Jan. 20.  Baxano has no buyer under contract yet, the report
noted.

                       About Baxano Surgical

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

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

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

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

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


BAYONNE ENERGY: Moody's Cuts Rating on $555MM Secured Debt to B1
----------------------------------------------------------------
Moody's Investors Service downgraded the rating of Bayonne Energy
Center LLC's (BEC) $555 million senior secured first lien credit
facilities to B1 from Ba3. The facilities consist of a $525
million term loan due 2021 (current outstanding is approximately
$516 million) and a $30 million senior secured revolving credit
facility due 2019. The rating outlook is stable.

Ratings Rationale

"The one notch downgrade is driven by an amendment to BEC's loan
documentation that reduces debt repayment requirements and raises
borrowing costs," said Moody's Senior Credit Officer Scott
Solomon.

Specifically, the amendment, which became effective December 1,
2014, reduces BEC's quarterly debt repayment requirement to 75% of
excess cash flow from 100% thereby providing the sponsor with the
ability to receive ongoing cash distributions, and increases the
borrowing costs by 50 basis points.

The amendment meaningfully increases the term loan balance
expected due at or near maturity, which increases refinancing risk
and reduces BEC's financial flexibility. Additionally, the
expected high debt balances coupled with the higher interest costs
weaken financial metrics over the life of the transaction,
particularly when evaluated from a cash flow to debt perspective.
These factors, combined with the uncertainty around medium-term
pricing dynamics in the NY ISO Zone J market place, are critical
drivers of the rating downgrade.

Moody's previously expected a range of $275-300 million of the
term loan to be outstanding near the 2021 maturity, equal to
approximately 55% of BEC's initial term loan outstanding. However,
following the execution of the amendment, Moody's calculate that
the term loan balance expected at or near the 2021 maturity to be
in the range of $340-360 million (67% of the original loan balance
), representing an substantive increase of at least 20%. Moreover,
higher debt balances combined with a higher interest rate modestly
weaken BEC's key credit statistics which were already weak for the
Ba-rating category.

BEC's B1 rating and stable outlook is supported by the predictable
contracted cash flows that Moody's expect BEC to generate under
existing tolling agreements with a financially sound counterparty
as well as the attractive location of the project within NYISO
Zone J. Moody's view BEC as being well positioned at the B1 rating
and able to withstand a degree of unexpected operational problems
or declines in capacity/energy prices without encountering rating
pressure.

The principal methodology used in these ratings was Power
Generation Projects published in December 2012.

Located in Bayonne, New Jersey, BEC is a 512 MW 8-unit dual-fuel
simple-cycle power plant 100% owned by a subsidiary of ArcLight
Energy Partners Fund III, L.P., a fund managed by ArcLight Capital
Partners, LLC.


BERNARD L. MADOFF: Court Rebuffs Investor Who Skipped $410M Deal
----------------------------------------------------------------
Law360 reported that a New York appeals court refused to allow an
investor in a Bernard Madoff feeder fund get in on a $410 million
settlement of litigation against hedge fund manager J. Ezra
Merkin, finding Merkin's receiver had no duty to advise the
investor to take the deal.  According to the report, a five-judge
panel for the mid-level New York Supreme Court Appellate Division,
First Department, found that the receiver for Ascot Partners LP
was under no obligation to advise investor Joshua M. Berman, who
opted to arbitrate his claims.

                     About Bernard L. Madoff

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

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

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

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

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

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

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


BERNARD L. MADOFF: 2 More Underlings Sentenced for Aiding Scheme
----------------------------------------------------------------
Law360 reported that a former account manager and a computer
programmer at Bernard Madoff's defunct trading firm were sentenced
to prison in New York federal court for their role in the historic
Ponzi scheme, which caused an estimated $17.5 billion in investor
losses.

According to the report, Judge Laura Taylor Swain sentenced former
Bernard L. Madoff Investment Securities LLC account manager
Annette Bongiorno to six years in prison during a hearing in
Manhattan court.

The case is USA v. O'Hara et al., Case No. 1:10-cr-00228
(S.D.N.Y.).

                     About Bernard L. Madoff

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

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

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

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

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

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

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


BERNARD L. MADOFF: Account Manager Must Forfeit 2 Houses, Bentley
-----------------------------------------------------------------
Law360 reported that a convicted co-conspirator of Bernard Madoff
was told to give up her Boca Raton and Long Island houses, a
Bentley, two Benzes and four Rolexes, as part of an order that
also puts her and her co-conspirators on the hook for a $155.1
billion forfeiture.

According to the report, Annette Bongiorno was also ordered to
give up at least $2.94 million in 36 accounts at Citibank NA,
Morgan Stanley Smith Barney, E-Trade Financial Corp., TD Bank NA
and TD Ameritrade, JPMorgan Chase & Co., Fidelity Investments and
others.  Ms. Bongiorno, a former account manager at Madoff's
defunct trading firm, was sentenced to six years in prison for her
role in the historic Ponzi scheme, which caused an estimated $17.5
billion in investor losses, the report related.

The case is U.S. v. O'Hara et al., case number 1:10-cr-00228, in
the U.S. District Court for the Southern District of New York.

                     About Bernard L. Madoff

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

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

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

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

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

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

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


BERNARD L. MADOFF: 'Tech Guy' Gets 2.5 Years for Ponzi Programming
------------------------------------------------------------------
Law360 reported that a former computer programmer and self-
described "tech guy" at Bernard Madoff's defunct investment firm
was sentenced in New York federal court to 2-1/2 years in prison
for his role in the notorious $17.5 billion Ponzi scheme.

According to the report, during a hearing in Manhattan, U.S.
District Judge Laura Taylor Swain also ordered George Perez to
serve 200 hours of community service.   The report said Mr. Perez
and four other former Bernard L. Madoff Investment Securities LLC
employees -- operations chief Daniel Bonventre, account managers
Annette Bongiorno and JoAnn Crupi, and computer programmer Jerome
O'Hara -- were convicted in March of aiding the fake-trading
caper, which caused an estimated $17.5 billion in investor losses
and earned Madoff a 150-year prison term.

The case is U.S. v. O'Hara et al., case number 1:10-cr-00228, in
the U.S. District Court for the Southern District of New York.

                     About Bernard L. Madoff

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

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

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

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

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

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

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


BERNARD L. MADOFF: Customers to Receive $322 Million from Trustee
-----------------------------------------------------------------
Jacqueline Palank, writing for The Wall Street Journal, reported
that Bernard Madoff's cheated investors found out they could soon
receive hundreds of millions of dollars from the liquidation of
the Ponzi-scheme operator's investment firm.

According to the report, Madoff liquidation trustee Irving Picard
is asking the bankruptcy court to let him distribute $322 million
to the former customers of Mr. Madoff's investment firm.  The
Journal reported that if the court approves Mr. Picard's request,
his fifth proposal in the past six years, he'll have returned $7.2
billion to Mr. Madoff's customers.

                     About Bernard L. Madoff

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

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

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

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

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

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

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


BINDER & BINDER: Seeks Joint Administration of Ch. 11 Cases
-----------------------------------------------------------
Binder & Binder - The National Social Security Disability
Advocates (NY), LLC, et al., seek an order directing the joint
administration of their Chapter 11 cases for procedural purposes
only.  The Debtors want parties in interest directed to use a
consolidated caption, to indicate that any filed motion,
application or other pleading relates to the jointly administered
bankruptcy cases of "Binder & Binder - The National Social
Security Disability Advocates (NY), LLC, et al."  The docket in
Chapter 11 Case No. 14-23728 should be consulted for all matters
affecting the cases.

Because the Chapter 11 cases involve thousands of creditors, the
entry of an order of joint administration will: (a) significantly
reduce the volume of pleadings that otherwise would be filed with
the Clerk of the Court; (b) render the completion of various
administrative tasks less costly; and (c) minimize the number of
unnecessary delays associated with the administration of twenty-
five separate chapter 11 cases.

                       About Binder & Binder

Founded in 1979 by brothers Harry and Charles Binder, Binder &
Binder is the nation's largest provider of social security
disability and veterans' benefits advocacy services, with
operating scale and efficiencies unrivaled by its competitors in
the highly fragmented advocacy market.  The company has more than
950 employees in 35 offices across the United States.  In 2010,
H.I.G. Capital, LLC acquired a controlling equity interest in the
company.

Binder & Binder - The National Social Security Disability
Advocates (NY), LLC, et al., sought Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-23728) in White
Plains, New York, on Dec. 18, 2014.  The cases are assigned to
Judge Robert D. Drain.

The Debtors have tapped Kenneth A. Rosen, Cassandra Porter, Esq.,
and Nicholas B. Vislocky, Esq., at Lowenstein Sandler as counsel.
The Debtors have engaged Development Specialists, Inc., as
financial advisor, and BMC Group Inc. as claims and notice agent.


BINDER & BINDER: Wants Schedules Deadline Extended to Feb. 2
------------------------------------------------------------
Binder & Binder - The National Social Security Disability
Advocates (NY), LLC, et al., ask the Bankruptcy Court to extend by
32 days until Feb. 2, 2015, the time to file schedules of assets
and liabilities, schedules of executory contracts and unexpired
leases and statements of financial affairs and granting related
relief.

The Debtors submit that the large amount of information that must
be assembled and compiled, the hundreds of employee and
professional hours required for the completion of the Schedules
and Statements and the lack of prejudice to creditors that would
result in such an extension being granted all constitute good and
sufficient cause for granting the relief requested.  In addition,
to ensure that the Debtors' businesses run smoothly through the
Chapter 11 process and maximize the value of the Debtors' estates,
the Debtors' creditors are better served by the Debtors' employees
and principals focusing their efforts and attention upon business
operations rather than burdensome tasks such as compilation of the
Schedules and Statements.

                       About Binder & Binder

Founded in 1979 by brothers Harry and Charles Binder, Binder &
Binder is the nation's largest provider of social security
disability and veterans' benefits advocacy services, with
operating scale and efficiencies unrivaled by its competitors in
the highly fragmented advocacy market.  The company has more than
950 employees in 35 offices across the United States.  In 2010,
H.I.G. Capital, LLC acquired a controlling equity interest in the
company.

Binder & Binder - The National Social Security Disability
Advocates (NY), LLC, et al., sought Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-23728) in White
Plains, New York on Dec. 18, 2014.  The cases are assigned to
Judge Robert D. Drain.

The Debtors have tapped Kenneth A. Rosen, Cassandra Porter, Esq.,
and Nicholas B. Vislocky, Esq., at Lowenstein Sandler as counsel.
The Debtors have engaged Development Specialists, Inc., as
financial advisor, and BMC Group Inc. as claims and notice agent.


BINDER & BINDER: Proposes BMC Group as Claims Agent
---------------------------------------------------
Binder & Binder - The National Social Security Disability
Advocates (NY), LLC, et al., seek approval from the Bankruptcy
Court to hire BMC Group, Inc., as claims and noticing agent for
their bankruptcy cases.

Although the Debtors have not yet filed their schedules of assets
and liabilities, they anticipate that there will be an extensive
list of entities to be noticed.  In view of the number of
potential claimants, the Debtors submit that the appointment of a
claims and noticing agent is both necessary and in the best
interests of both the Debtors' estates and their creditors.

The firm will charge the Debtors at these rates:

  * Noticing Management
    - Data Entry/Call Center/Admin Support    $25/45/65 per hour
    - Analysts                                $85 per hour
    - Noticing Manager                        $100 per hour

  * Claims Management
    - Claim Receipt, Processing & Docketing   $2.50 per claim
    - b-Linx Database & Systems Access        $0.085 per month

  * Project Management
    - Analyst                                 $85-$100 per hour
    - Consultant                              $125-$185 per hour
    - Principal/Director/Expert               $200-$225 per hour

  * Print Mail and Noticing Services
    - Certified Electronic Noticing Service   $40 per 1000
    - Certified Fax Noticing Service          $0.15 per image

  * Document and Information Management
    - Live Operator Call Center               $45 per hour
    - Public Case Website Hosting             $250 per month
    - Secure Virtual Data Room               Setup+$0.15/per/month

Prior to the Petition Date, the Debtors provided BMC a retainer of
$25,000.

                       About Binder & Binder

Founded in 1979 by brothers Harry and Charles Binder, Binder &
Binder is the nation's largest provider of social security
disability and veterans' benefits advocacy services, with
operating scale and efficiencies unrivaled by its competitors in
the highly fragmented advocacy market.  The company has more than
950 employees in 35 offices across the United States.  In 2010,
H.I.G. Capital, LLC acquired a controlling equity interest in the
company.

Binder & Binder - The National Social Security Disability
Advocates (NY), LLC, et al., sought Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-23728) in White
Plains, New York on Dec. 18, 2014.  The cases are assigned to
Judge Robert D. Drain.

The Debtors have tapped Kenneth A. Rosen, Cassandra Porter, Esq.,
and Nicholas B. Vislocky, Esq., at Lowenstein Sandler as counsel.
The Debtors have engaged Development Specialists, Inc., as
financial advisor, and BMC Group Inc. as claims and notice agent.


BINDER & BINDER: Proposes Lease Rejection Procedures
----------------------------------------------------
Binder & Binder - The National Social Security Disability
Advocates (NY), LLC, et al., seek approval of streamlined
procedures for the rejection of contracts and abandonment of de
minimis property.

As of the Petition Date, the Debtors are, collectively, a party to
a substantial number of executory contracts and unexpired leases,
including, without limitation, certain personal property leases,
unexpired leases of nonresidential real property, including any
amendments, modifications, guaranties, or other agreements related
thereto, property and facilities management agreements, and
agreements for the provision of goods and services.

The Debtors believe that the proposed rejection procedures will
save substantial legal expenses and Court time that would
otherwise be dedicated to litigating and adjudicating multiple
hearings held on separate motions.  Moreover, the rejection
procedures provide parties-in-interest with at least 21 days to
file an objection, which is longer than typically sought in the
District.

A copy of the Motion is available for free at:

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

                       About Binder & Binder

Founded in 1979 by brothers Harry and Charles Binder, Binder &
Binder is the nation's largest provider of social security
disability and veterans' benefits advocacy services, with
operating scale and efficiencies unrivaled by its competitors in
the highly fragmented advocacy market.  The company has more than
950 employees in 35 offices across the United States.  In 2010,
H.I.G. Capital, LLC acquired a controlling equity interest in the
company.

Binder & Binder - The National Social Security Disability
Advocates (NY), LLC, et al., sought Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-23728) in White
Plains, New York on Dec. 18, 2014.  The cases are assigned to
Judge Robert D. Drain.

The Debtors have tapped Kenneth A. Rosen, Cassandra Porter, Esq.,
and Nicholas B. Vislocky, Esq., at Lowenstein Sandler as counsel.
The Debtors have engaged Development Specialists, Inc., as
financial advisor, and BMC Group Inc. as claims and notice agent.


BINDER & BINDER: 1,000 Workers Not Impacted by Bankruptcy for Now
-----------------------------------------------------------------
Sara Randazzo, writing for Daily Bankruptcy Review, reported that
Social Security disability firm Binder & Binder won a bankruptcy
court's permission to continue conducting business as usual while
it restructures its debt, a step that ensures its nearly 1,000
employees and more than 57,000 clients won't immediately feel the
effects of the company's bankruptcy.

                       About Binder & Binder

Founded in 1979 by brothers Harry and Charles Binder, Binder &
Binder is the nation's largest provider of social security
disability and veterans' benefits advocacy services, with
operating scale and efficiencies unrivaled by its competitors in
the highly fragmented advocacy market.  The company has more than
950 employees in 35 offices across the United States.  In 2010,
H.I.G. Capital, LLC acquired a controlling equity interest in the
company.

Binder & Binder - The National Social Security Disability
Advocates (NY), LLC, et al., sought Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-23728) in White
Plains, New York on Dec. 18, 2014.  The cases are assigned to
Judge Robert D. Drain.

The Debtors have tapped Kenneth A. Rosen, Cassandra Porter, Esq.,
and Nicholas B. Vislocky, Esq., at Lowenstein Sandler as counsel.
The Debtors have engaged Development Specialists, Inc., as
financial advisor, and BMC Group Inc. as claims and notice agent.


CAESARS ENTERTAINMENT: Enters Into Restructuring Support Agreement
------------------------------------------------------------------
Caesars Entertainment Operating Company, Inc. ("CEOC"), a
subsidiary of Caesars Entertainment Corporation ("Caesars
Entertainment") and Caesars Entertainment have reached an
agreement with CEOC's first lien noteholder steering committee
regarding terms of a financial restructuring plan.  The proposed
plan will significantly reduce long-term debt and annual interest
payments, and result in a stronger balance sheet for CEOC.

The restructuring support agreement has been signed by all members
of the first lien noteholder steering committee.

"The planned restructuring of CEOC will allow us to establish a
strong and sustainable capital structure for CEOC and maximize
value for our stakeholders," said Gary Loveman, Chairman of CEOC.
"I want to thank this creditor group for its support of the
restructuring.  We believe the financial restructuring plan we are
announcing is in the best interests of all of CEOC's stakeholders.
We look forward to continuing to welcome guests across our network
throughout this process.  Business operations at all properties
and the Total Rewards program will continue as usual throughout
the balance sheet restructuring process."

To implement the balance sheet deleveraging, CEOC expects to
voluntarily commence a reorganization under Chapter 11 of the U.S.
Bankruptcy Code in mid-January 2015.  CEOC and its properties will
continue to operate in the ordinary course throughout the
restructuring process.  Caesars Entertainment, Caesars
Entertainment Resort Properties and Caesars Growth Partners, which
are separate entities with independent debt capital structures,
will not be part of the court-supervised process.

Under the terms of the proposed financial restructuring, CEOC will
convert its corporate structure by separating virtually all of its
US-based gaming operating assets and real property assets into two
companies, including an operating entity ("OpCo") and a newly
formed, publicly traded real estate investment trust ("REIT") that
will directly or indirectly own a newly formed property company
("PropCo").

The proposed transactions would reduce CEOC's debt by
approximately $10 billion, providing for the exchange of
approximately $18.4 billion of outstanding debt for $8.6 billion
of new debt.  Annual interest expense would be reduced by
approximately 75%, from approximately $1.7 billion to
approximately $450 million.  PropCo would lease its real property
assets to OpCo in exchange for annual lease payments of $635
million, with the lease payments guaranteed by CEC.

"The highly efficient REIT structure would enable CEOC to maximize
its value and provide the most financial recovery to each of
CEOC's creditor groups," Mr. Loveman said.  "The formation of a
publicly traded REIT would also allow CEOC to significantly reduce
its leverage by creating two better capitalized companies with
vastly improved cash flow generation.  The transaction provides
for the continued integration of CEOC's existing properties with
Caesars Entertainment's multi-channel distribution network and
industry-leading Total Rewards loyalty program.  Combined, these
actions will result in a stronger, more competitive and
sustainable CEOC and will better position Caesars Entertainment
for future growth, investment and success."

Terms & Capital Structure

The proposed restructuring plan has the support of all members of
the first lien bondholder steering committee.  CEOC is continuing
to work to obtain additional support from its other creditors.

The specifics of the plan are consistent with the plan disclosed
via 8-K on December 12, 2014, however, to further reduce the
leverage of CEOC beyond the previously published plan, first lien
note holders will have the right to backstop the issuance of  $300
million convertible preferred equity securities to be issued by
PropCo.  First lien holders who agree to backstop the purchase
will be paid a commitment fee.  The preferred shares will be
convertible into PropCo common stock at plan value.  First lien
holders who sign the restructuring support by December 24, 2014
can join the backstop.

Under the plan, Caesars Entertainment will contribute up to $1.45
billion in cash to CEOC in support of the restructuring: $700
million to offer to purchase up to 100% of the equity in OpCo from
creditors, $269 million to offer to purchase up to 15% of the
equity in PropCo, $406 million to fund liquidity and cash
recoveries to creditors and a guarantee of up to an additional $75
million of cash, which can be drawn by CEOC under certain
circumstances.  In addition, Caesars Entertainment has agreed to
guarantee OpCo's monetary obligations under the lease to help
facilitate the creation of the valuable REIT structure.

The restructuring is conditioned upon the release of all pending
and potential litigation claims against Caesars Entertainment,
Caesars Acquisition and related parties.  The proposed
restructuring plan is subject to approval by the bankruptcy court
and the receipt of required gaming regulatory approvals.  There
are no assurances that the restructuring support agreement will
become effective or that the proposed restructuring plan will be
completed on the terms contemplated or at all.

     About Caesars Entertainment Operating Company Inc.

Caesars Entertainment Operating Company, Inc., a majority owned
subsidiary of Caesars Entertainment Corporation, provides casino
entertainment services and owns, operates or manages 44 gaming and
resort properties in 13 states of the United States and in five
countries primarily under the Caesars, Harrah's and Horseshoe
brand names.

                          *     *     *
The all-stock deal, according to David Gelles, writing for The New
York Times' DealBook, will leave Caesars Entertainment with $1.7
billion in cash, much of which will be used to fund the
bankruptcy.  The DealBook said that the move, for creditors, is
good news, bringing several of the best Caesars properties back
into the parent company and avoiding the assumption of more debt.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that a steering committee representing holders of
38 percent of first-lien creditors of Caesars Entertainment
Operating Co. Inc. has signed an agreement laying out the terms of
a Caesars Entertainment Operating Chapter 11 reorganization to
start around mid-January.

According to the Bloomberg report, the restructuring is contingent
on signing up a total of 60 percent of first-lien bondholders by
Jan. 5.  To be effective, the deal also requires that holders of
two-thirds of the senior bonds must sign up before the bankruptcy
filing on Jan. 15 or not later than Jan. 30, the Bloomberg report
related.

                   About Caesars Entertainment

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

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

Caesars Entertainment reported a net loss of $2.93 billion in
2013, as compared with a net loss of $1.50 billion in 2012.  The
Company's balance sheet at Sept. 30, 2014, showed $24.5 billion in
total assets, $28.20 billion in total liabilities and a
$3.71 billion total deficit.


CHRYSLER GROUP: JPMorgan Not Due $24M in Tax Money, Treasury Says
-----------------------------------------------------------------
Law360 reported that the U.S. Treasury Department told a New York
bankruptcy judge that JPMorgan Chase Bank NA has no right to
$24 million in Chrysler Group LLC's old bankruptcy trustee's 2008-
09 tax refunds, overpayments and deposits, because the bank lacks
a perfected security interest in the tax receipts.

According to the report, the department challenged JPMorgan's
attempts to force Chrysler's trustee, Old Carco LLC, to pay it and
other first-lien lenders the tax receipts the government said were
owed to Chrysler's debtor-in-possession lenders, per agreements
JPMorgan itself had signed.

                      About Chrysler Group

Chrysler Group LLC, formed in 2009 from a global strategic
alliance with Fiat Group, produces Chrysler, Jeep(R), Dodge, Ram
Truck, Mopar(R) and Global Electric Motorcars (GEM) brand vehicles
and products.  Headquartered in Auburn Hills, Michigan, Chrysler
Group LLC's product lineup features some of the world's most
recognizable vehicles, including the Chrysler 300, Jeep Wrangler
and Ram Truck.  Fiat will contribute world-class technology,
platforms and powertrains for small- and medium-sized cars,
allowing Chrysler Group to offer an expanded product line
including environmentally friendly vehicles.

Chrysler LLC and 24 affiliates on April 30, 2009, sought Chapter
11 protection from creditors (Bankr. S.D.N.Y (Mega-case), Lead
Case No. 09-50002).  The U.S. and Canadian governments provided
Chrysler LLC with $4.5 billion to finance its bankruptcy case.

In connection with the bankruptcy filing, Chrysler reached an
agreement to sell all assets to an alliance between Chrysler and
Italian automobile manufacturer Fiat.  Under the terms approved by
the Bankruptcy Court, the company formerly known as Chrysler LLC
in June 2009, formally sold substantially all of its assets to the
new company, named Chrysler Group LLC.

In January 2014, the American car manufacturer officially became
100% Italian when Fiat Spa completed its deal to purchase the 40%
it did not already own of Chrysler.  Fiat has shared ownership of
Chrysler with the health care fund of the United Automobile
Workers unions since Chrysler emerged from bankruptcy in 209.

                           *     *     *

Standard & Poor's Ratings Services raised its ratings on U.S.-
based auto manufacturer Chrysler Group LLC, including the
corporate credit rating to 'BB-' from 'B+' in mid-January 2014.
The outlook is stable.


CNO FINANCIAL: Fitch Affirms 'BB+' IDR; Outlook Positive
--------------------------------------------------------
Fitch Ratings has affirmed CNO Financial Group Inc.'s (CNO) 'BB+'
Issuer Default Rating (IDR) and Insurer Financial Strength (IFS)
ratings for CNO's core insurance subsidiaries at 'BBB'.  The
Rating Outlook is Positive for all ratings.

KEY RATING DRIVERS

The affirmation CNO's ratings reflect the company's strong balance
sheet fundamentals, improved financial flexibility and liability
profile and recent financial performance that remains in line with
expectations.

The Positive Outlook reflects Fitch's view that CNO's ratings
could be upgraded over the next 12 - 18 months based on the
company's ability to sustain recent improvements in earnings
profile and balance sheet fundamentals.

Fitch's primary concern is CNO's large, albeit reduced, exposure
to the individual long-term care (LTC) insurance business.  The
company has actively managed down the exposure to its LTC exposure
through disposals, reinsurance, product design and systematic
price increases over the last several years.  In addition, CNO's
sale of Conseco Life Insurance Company freed up capital that could
be used to fund potential LTC reserve strengthening tied to
sustained low interest rates and adverse claims experience.

Fitch views CNO's statutory capitalization as strong and financial
leverage as moderate.  Consolidated RBC ratio improved to 425% at
Sept. 30, 2014, from 410% at yearend 2013.  The company's
financial leverage remains moderate at 17% at September 30, 2014
and flat with yearend 2013.  Fitch expects both metrics to remain
supportive of the rating in 2015.

CNO's business segments reported a 21% increase in pre-tax,
operating earnings in the third quarter 2014 versus third quarter
2013 driven by favorable fixed annuity, Medicare supplement and
long term care (LTC) margins at Bankers Life & Casualty Insurance
Company.  All three operating life insurers reported profitable
operating results in the third quarter despite slower total sales
at CNO.  Nine month, net operating income after tax increased 9.9%
to $200 million versus prior year results, but net income
comparisons are unfavorable due to the $278 million loss on the
sale of Conseco Life reported in the first quarter of 2014.  The
low interest rate environment has pressured earnings at CNO, but
the impact has been lessened through management actions to lower
crediting rates on interest-sensitive products.

CNO's debt service capabilities measured by nine month GAAP based
fixed charge coverage declined to 3.9x from 6.3x for full year
2013.  Operating interest coverage was strong at 10.3x for the
first nine months of 2014.  Fitch expects fixed charge coverage to
range from 6-8x excluding unusual items for 2014.

CNO's overall investment credit quality is good at September 30,
2014.  The company takes credit risk primarily through its bond
portfolio with 7% of bonds rated below investment grade on a NAIC
statutory basis.  The investment-grade bond portfolio is dominated
by 'BBB' level rated securities at 45% of the portfolio making it
potentially more vulnerable in a declining economic scenario to
downgrade risk.  However, CNO Financial has low exposure to
directly placed commercial mortgages and alternative assets.
Credit related impairments continue to be minimal through nine
months of 2014 and gross unrealized losses were very low.

RATING SENSITIVITIES

Key rating triggers that could lead to an upgrade for all ratings
include:

   -- Continued generation of stable earnings free of significant
      special charges;
   -- GAAP interest coverage ratio above 6x;
   -- NAIC risk based capital (RBC) ratio above 350%

Key rating triggers that could lead to a return to stable outlook
or downgrade include:

   -- Combined NAIC RBC ratio less than 300% and operating
      leverage above 20x;
   -- Deterioration in operating results;
   -- Decline in fixed charge coverage to below 3x;
   -- Significant increase in credit-related impairments;
   -- Financial leverage above 30%

Fitch expects that over the next few years, CNO will attempt to
migrate its capital structure away from secured senior debt to
unsecured senior debt.  CNO currently has no unsecured debt
outstanding.  However, during this transition, the mix of secured
versus unsecured debt may fluctuate.  Currently, the rating for
any CNO senior unsecured debt would be one notch lower than
standard due to the large level of secured debt in the capital
structure.  Fitch would expect to narrow the notching of CNO's
unsecured debt relative to the IDR as the mix in secured debt
declines below 25%.

Fitch has affirmed these ratings:

CNO Financial Group, Inc.
   -- IDR at 'BB+';
   -- Senior secured bank credit facility (tranches of $250
      million and $425 million due Sept. 30, 2016 and 2018,
      respectively) at 'BB+';
   -- $275 million senior secured note 6.375% due Oct. 1, 2020 at
      'BB+'.

Bankers Life and Casualty Company
Bankers Conseco Life Insurance Company
Colonial Penn Life Insurance Company
Washington National Insurance Company
--IFS at 'BBB'.

The Rating Outlook is Positive.


CREEKSIDE ASSOCIATES: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Creekside Associates, Ltd.
        2500 Knights Road
        Bensalem, PA 19020

Case No.: 14-19952

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 19, 2014

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

Judge: Hon. Stephen Raslavich

Debtor's Counsel: Jennifer L. Maleski, Esq.
                  DILWORTH PAXSON LLP
                  1500 Market Street, Suite 3500E
                  Philadelphia, PA 19102
                  Tel: 215-575-7000
                  Fax: 215-575-7200
                  Email: jmaleski@dilworthlaw.com

Debtor's          KAUFMAN, COREN & RESS, P.C.
Special Counsel:

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Israel Feit, president of managing
member of G.P. of Debtor.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Bucks County Water &                 Utility          $4,102,018
Sewer Authority
1275 Almhouse Road
Warrington, PA 18976

Aqua Pennsylvania                    Utility             $38,580

Direct Energy Business               Utility             $20,641

Peco Energy                          Utility             $18,572

Central Wholesalers Inc.             Trade                $9,108

Powell, Tractman, Logan, Carrie                           $6,983
& Lombardo, PC

Bensalem Township                    Trade                $5,000

Primavera Landscape Services, Inc.                        $4,350

Home Depot (Credit Services)         Trade                $4,003

Atlantic Floor Covering Inc.         Trade                $3,438

Federal Security Services, Inc.        Trade              $2,412

Home Depot (Supply)                    Trade              $2,191

Consumer Source, Inc.                  Trade              $1,302

Newtown Answering Service              Trade              $1,003

Lowe's (Business Account)              Trade                $682

J. Lorber Company                      Trade                $680

Expel Exterminating Experts, Inc.      Trade                $667

Platinum                               Trade                $636

For Rent Magazine                      Trade                $599

Ascension Services, Inc.               Trade                $585


DELIA*S INC: Taps ICR to Guide Communications for Wind Down
-----------------------------------------------------------
Greg Hazley at Odwyerpr.com reports that Jean Fontana, ICR
managing director and a retail sector specialist, is guiding
communications for DELIA*S INC. as it winds down.

The Company, according to Odwyerpr.com, is relying on ICR for PR
support as it navigates Chapter 11 bankruptcy.

                        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.

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.

As of the bankruptcy filing, dELiA*s owns and operates 92 stores
in 29 states.

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 Debtors have sought court approval of a deal for Gordon
Brothers Retail Partners, LLC and Hilco Merchant Resources, LLC,
to launch going-out-of-business sales.


DENDREON CORP: U.S. Trustee Opposes Plan Support Agreements
-----------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Trustee opposed Dendreon Corp.'s plan
support agreement, asserting that the PSA with noteholders who
hold approximately 84% of its convertible senior notes due 2016
are the result of a non-transparent process and improperly favor a
selected handful of creditors over all others.

According to the report, the U.S. Trustee said in a Dec. 10 court
filing that the PSAs represent an attempt to elevate the rights of
selected unsecured claimants into rights somewhat akin to those of
a secured creditor, such as the right to be a qualified bidder and
have professional fees paid without oversight.

The PSAs provide that if the proposed sale process doesn't yield a
transaction in excess of $275 million, the noteholders who are
party to the agreements will support a reorganization plan under
which their claims will be converted to equity in the reorganized
company, the Bloomberg report related, citing court papers.

                          About Dendreon

With corporate headquarters in Seattle, Washington, Dendreon
Corporation -- http://www.dendreon.com/-- a biotechnology company
focused on the development of novel cellular immunotherapies to
significantly improve treatment options for cancer patients.
Dendreon's first product, PROVENGE (sipuleucel-T), was approved by
the U.S. Food and Drug Administration (FDA) and became
commercially available for the treatment of men with asymptomatic
or minimally symptomatic castrate-resistant (hormone-refractory)
prostate cancer in April 2010.  Dendreon is traded on the NASDAQ
Global Market under the symbol DNDN.

Dendreon and its U.S. subsidiaries filed for Chapter 11 bankruptcy
protection (Bankr. D. Del.) on Nov. 10, 2014.  The Debtors have
requested that their cases be jointly administered under Case No.
14-12515.  Judge Peter J. Walsh presides over the cases.  The
petitions were signed by Gregory R. Cox, interim chief financial
officer and treasurer.

Dendreon sought bankruptcy protection after it reached agreements
on the terms of a financial restructuring with certain  holders of
the Company's 2.875% Convertible Senior Notes due 2016
representing 84% of the $620 million aggregate principal amount of
the 2016 Notes.  The financial restructuring may take the form of
a stand-alone recapitalization or a sale of the Company or its
assets.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP,
as counsel; Lazard Freres & Co. LLC, as investment banker;
AlixPartners, as restructuring advisors; and Prime Clerk LLC as
claims and noticing agent.

The Debtors disclosed $365 million in total assets and
$664 million in total liabilities as of June 30, 2014.

The U.S. Trustee for Region 3 has appointed five members to the
Official Committee of Unsecured Creditors.


DETROIT, MI: Miller Canfield Counsels City in Closing $1.28B Bonds
------------------------------------------------------------------
Law360 reported that Detroit closed sales on four bond issues
totaling $1.28 billion, aimed at shoring up city finances and
resolving outstanding legal issues as it emerged from an historic
municipal bankruptcy, the city's bond counsel, Miller Canfield,
said.

According to the report, the firm said the bonds, broadly aimed at
refinancing debt, paying settlements, and funding Detroit's
retirement system as well as city projects, are a first-of-their
kind issue designed to execute the city's Chapter 9
reorganization.

                   About the City of Detroit

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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

The TCR, on Dec. 18, 2014, reported that Detroit has filed a
notice that the effective date of its bankruptcy-exit plan
occurred on Dec. 10, 2014.  U.S. Bankruptcy Judge Steven Rhodes on
Nov. 12, 2014, entered an order confirming the Eighth Amended Plan
for the Adjustment of Debts of the City of Detroit.


DURADRIL LLC: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Duradril, LLC
        26009 Budde Rd, Suite D
        The Woodlands, TX 77381

Case No.: 14-36942

Chapter 11 Petition Date: December 19, 2014

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Karen K. Brown

Debtor's Counsel: Miriam Trubek Goott, Esq.
                  WALKER & PATTERSON, PC
                  PO Box 61301
                  Houston, TX 77208
                  Tel: 713-956-5577
                  Fax: 713-956-5570
                  Email: mgoott@walkerandpatterson.com

Total Assets: $958,904

Total Liabilities: $1.72 million

The petition was signed by Gregory A. Ward, CEO.

A list of the Debtor's 18 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txsb14-36942.pdf


EAST CLEVELAND, OH: To Decide on Bankruptcy Filing after Q1 2015
----------------------------------------------------------------
Reuters reported that East Cleveland, Ohio, will wait until after
the first quarter of 2015 to decide whether to seek bankruptcy
protection, the city's finance director said, noting the filing is
only one of several options under consideration.

According to the report, the assessment was less dire than
comments in November by Ohio's state auditor, Dave Yost, who said
the small suburb of its much bigger neighbor Cleveland was on the
"verge of collapse".


ENDEAVOUR INT'L: Disclosures OK'd, Plan Hearing Set for Feb. 9
--------------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware, on Dec. 22, 2014, approved the disclosure statement
explaining Endeavour Operating Corporation, et al.'s joint plan of
reorganization and scheduled the confirmation hearing for Feb. 9,
2015, at 10:00 a.m. (prevailing Eastern time).  Objections to the
confirmation hearing are due Jan. 27, 2015.

The Debtors filed with the Court an amended plan of reorganization
modifying, among other things, the dates governing the
solicitation of the plan and the estimated recovery for holders of
general unsecured claims.

The Amended Plan, dated Dec. 19, 2014, provides that it is
supported by creditors who collectively hold 82.99% of the March
2018 Notes Claims (Class 3), 70.88% of the June 2018 Notes Claims
(Class 4), 99.75% of the 7.5% Convertible Bonds Claims (Class 5),
and 69.08% of the Convertible Notes Claims (Class 6).  The Amended
Plan also provides that holders of general unsecured claims will
recover an estimated 15% of the total claims amount, which is
estimated to be $6,000,000.

The Debtors propose that a hearing to consider confirmation of the
Plan be scheduled for Feb. 9, 2015, at 10:00 a.m. (Prevailing
Eastern Time).  In addition, the Debtors propose that the Court
set the deadline to object to the confirmation of the Plan on
Jan. 27, 2015 at 4:00 p.m. (Prevailing Eastern Time).

A full-text copy of the Disclosure Statement is available
at http://bankrupt.com/misc/ENDEAVOURds1219.pdf

                  About Endeavour International

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

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

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

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


ENTEGRA POWER: Entergy Pays $948MM for Arkansas Gas Plant
---------------------------------------------------------
Law360 reported that Entergy Corp. said that its utility units in
Arkansas, Louisiana and Texas will buy a 1,980-megawatt gas-fired
power plant in Arkansas from bankrupt Entegra Power Group LLC for
$948 million as the company looks to modernize its generation
fleet in its southeastern U.S. service territory.  According to
the report, Entergy Arkansas Inc., Entergy Gulf States Louisiana
LLC and Entergy Texas Inc. will buy the Union Power Station in El
Dorado, Arkansas, which consists of four combined-cycle gas fired
units each generating up to 495 megawatts of electricity.

                        About Entergy Corp.

New Orleans, La.-based Entergy Corporation (NYSE: ETR) is an
integrated energy company engaged primarily in electric power
production and retail distribution operations. Entergy owns and
operates power plants with approximately 30,000 megawatts of
electric generating capacity, including more than 10,000 megawatts
of nuclear power, making it one of the nation's leading nuclear
generators. Entergy delivers electricity to 2.8 million utility
customers in Arkansas, Louisiana, Mississippi and Texas.

                     About Entegra Power Group

Entegra Power Group LLC and its affiliates operate an independent
power company that owns one of the largest gas-fueled power plants
in the United States, located in El Dorado, Arkansas.  In
addition, affiliate Gila River Energy Holdco LLC indirectly owns
one-half of another of the country's largest gas-fueled power
plants, in Gila Bend, Arizona.  The Entegra entities market
electric power from the two facilities to wholesale customers in
the southeastern and southwestern United States.

Entegra, Gila, and 10 other affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 14-11859) on Aug. 4,
2014.  The cases are pending before the Honorable Peter J. Walsh,
and the Debtors have requested that their cases be jointly
administered.

The Debtors have tapped Richards, Layton & Finger, P.A., as
counsel, and Prime Clerk LLC as claims and notice agent.

The Gila facility's direct owners are not debtors in the Chapter
11 cases, and the Gila Facility will not become property of the
Debtors' estates.

The Debtors notified that the effective date of the plan of
reorganization for the parent debtor occurred on Sept. 30, 2014,
and for subsidiaries took place on Oct. 2, 2014.


ENERGY FUTURE: Kirkland Bankruptcy Fees Hit $20 Million
-------------------------------------------------------
Ellen Rosen, writing for Bloomberg News, reported that Kirkland &
Ellis LLP is already benefiting from being bankruptcy counsel to
Energy Future Holdings Corp., the Texas power company that filed
for bankruptcy in April.  According to the report, the debtor
listed fees of $20.5 million and $1.25 million in expenses paid to
Kirkland from April 29 to Aug. 31.

Gibson, Dunn & Crutcher LLP, Energy Future's special counsel for
"certain corporate and litigation matters," was paid about
$630,000 during the same period, and Godfrey & Kahn SC, which is
acting as counsel to the fee committee, got about $580,000 from
Aug. 21 to Oct. 31, the report related.

                       About Energy Future

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

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

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

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

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

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

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

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

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


EVERGREEN VINTAGE: Files for Chapter 11 Bankruptcy Protection
-------------------------------------------------------------
Mike Francis at Oregonlive.com reports that Evergreen Vintage
Aircraft, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
D. Ore. Case No. 14-36770) on Dec. 11, 2014, less than a year
after the dissolution of the Evergreen Aviation museum's for-
profit affiliate, Evergreen International Aviation, and a month
after the death of both entities' founder, Delford Smith.

The Evergreen Aviation & Space Museum said in a statement on
Monday that Evergreen Vintage Aircraft is a "for-profit company,"
separate from the non-profit museum, and that "most of our
Museum's collection of over 180 aircraft and artifacts are owned
by the museum or are on loan from federal government agencies.
Our museum does have 25 aircraft and vehicles on loan from
Evergreen Vintage Aircraft, LLC.  These remain on loan.  We are
continuing to lease the Theater building, which is owned by
Evergreen Vintage Aircraft LLC.  Our Museum continues to operate
as before.  We have no other comment to make at this time."

The Debtor estimated its assets at between $50 million and $100
million and its liabilities at between $100 million and $500
million.  The petition was signed by Lisa Anderson, president and
secretary.

The Debtor said in court filings that it owes Canada's IMAX Corp.
$50,000.  In the the filings, the Debtor listed smaller amounts
for other creditors and also acknowledged owing money to Umpqua
Bank.

Oregonlive.com relates that the museum was under state scrutiny
over concerns that its finances were illegally commingled with
those of the for-profit companies.  According to Oregonlive.com,
the attorney general dropped that probe when it was rendered moot
by the collapse of Evergreen's for-profit aviation businesses, but
asked the Internal Revenue Service to consider whether the museums
and water park were legitimate not-for-profit organizations that
merited a tax exemption.

Nicholas J Henderson, Esq., at Motschenbacher & Blattner, LLP,
serves as the Debtor's bankruptcy counsel.

Judge Randall L. Dunn presides over the case.

McMinnville, Oregon-based Evergreen Vintage Aircraft, Inc., owns
some aircraft and property at the Evergreen Aviation & Space
Museum and Wings and Waves Waterpark.


EXIDE TECHNOLOGIES: Shareholders Lose Bid for Official Committee
----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. Bankruptcy Judge Kevin Carey in Delaware
has issued an order saying shareholders of Exide Technologies
shouldn't be given an official committee because they didn't
present evidence that the company is worth enough to pay all of
its debts and still have something left for shareholders.

                     About Exide Technologies

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

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

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

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

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

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

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


GENAERA CORP: 3rd Circ. Affirms Revival Of Investor Suit
--------------------------------------------------------
Law360 reported that the Third Circuit stood behind its decision
to revive a class action alleging that biotech company Genaera
Corp. jettisoned assets at "fire sale" prices, despite claims that
the litigation was time-barred and ran afoul of basic pleading
standards.

According to the report, in a brief order with little elaboration,
the appeals court refused a rehearing bid from the company's
officers over its October decision siding with shareholders of
now-defunct Genaera.

As previously reported by The Troubled Company Reporter, a group
of officers of the defunct biotech company Genaera have urged the
Third Circuit to reconsider a recent ruling finding a judge
wrongly tossed a putative class action claiming the company
undervalued assets sold through a liquidating trust, saying it
contradicts U.S. Supreme Court precedent.  The group argues that
the majority 2-1 precedential opinion conflicts with Supreme Court
authority established in Bell Atlantic Corp. v. Twombly and
Ashcroft v. Iqbal, which requires a plaintiff to plead facts
sufficient to "state a claim for relief that is plausible on its
face."

The case is Schmidt v. Skolas et al., case number 13-3750, in the
U.S. Court of Appeals for the Third Circuit.


GLOBAL OUTREACH: Dentons Denies Playing Part in Botched Loan
------------------------------------------------------------
Law360 reported that Dentons urged a New Jersey federal court to
toss a third-party complaint filed by Mandelbaum Salsburg Lazris &
Discenza PC seeking malpractice indemnification in a dispute over
a $41 million loan for a failed resort, arguing the underlying
suit doesn't accuse Dentons of playing a part in the alleged
negligence.

According to the Law360 report, the firm slammed West Orange, New
Jersey-based law firm Mandelbaum Salsburg's claim that Dentons
breached its duty of care to YA Global Investments LP during
closing for a loan.

As previously reported by The Troubled Company Reporter,
Greenbaum, Rowe, Smith & Davis, has filed on behalf of Mandelbaum
Salsburg Lazris & Discenza a third-party complaint against Dentons
and three of its attorneys -- John Cleary II, James Jasaitis and
David Papier -- in a legal malpractice suit brought by the lender,
hedge fund YA Global Investments, over a $41 million construction
loan to Global Outreach, S.A., in 2007 that went into default.

The case is YA GLOBAL INVESTMENTS, L.P. et al v. MANDELBAUM,
SALSBURG, GOLD, LAZRIS & DISCENZA, P.C. et al., Case No. 2:12-cv-
00219 (D.N.J.).

Headquartered in Morristown, New Jersey, Global Outreach, S.A. --
dba Global Outreach, Sociedad Anonima -- filed for Chapter 11
protection (Bankr. D.N.J. Case No. 09-15985) on March 12, 2009.
Kasen & Kasen represents the Debtor in its restructuring effort.
The Debtor estimated assets of $100 million to $500 million and
debts of $50 million to $100 million.  The U.S. Trustee for Region
3 appointed six creditors to serve on an official committee of
unsecured creditors.


GT ADVANCED: Bid for Equity Committee Appointment Denied
--------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court denied the
motion filed on behalf of investors seeking the appointment of an
official committee of equity security holders in the GT Advanced
Technologies case.

According to BData, the notice states, "Denied on the grounds that
(1) in the first instance, such requests should be made to the
United States Trustee; and (2) the deadline for objecting to the
proposed settlement with apple has already passed."

                 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.


GULFCO HOLDING: Loses Bid to Overturn Ch. 11 Dismissal
------------------------------------------------------
Law360 reported that a Delaware federal judge rejected an
appellate bid by Gulfco Holding Corp. aimed at reviving its
bankruptcy case, finding no grounds to overturn a decision that
sided with major creditor Prospect Capital Corp. and ended the oil
drilling equipment holding company's stay in Chapter 11.

According to the report, at a hearing in Wilmington, U.S. District
Judge Richard G. Andrews found that the bankruptcy court did not
abuse its discretion or commit any error in granting the motion to
dismiss sought by private equity firm Prospect Capital, Gulfco's
primary creditor.  Ruling from the bench, Judge Andrews said the
lower court properly applied the Third Circuit's factors that can
form a basis for dismissal of a bankruptcy, the report related.

The appeal is Gulfco Holding Corp. v. Prospect Capital Corp., case
number 1:14-cv-00678, in the U.S. District Court for the District
of Delaware.

                       About Gulfco Holding

Headquartered in Wilton, Connecticut, Gulfco Holding Corp. filed a
bare-bones Chapter 11 petition (Bankr. D. Del. Case No. 13-13113)
on Nov. 27, 2013.

The Hon. Brendan Linehan Shannon presides over the case.  Michael
Jason Barrie, Esq., at Benesch Friedlander Coplan & Aronoff LLP
represents the Debtor in its restructuring effort.  The Debtor
disclosed $23,000,576 in assets and $46,375,863 in liabilities as
of the Chapter 11 filing.

According to the list of top unsecured creditors, PNC Bank,
National Association is owed $5.4 million and Prospect Capital
Corp. has a disputed claim of $40.95 million on account of its
shares of stock in Gulf Coast Machine & Supply Company.

Altus Capital Partners II, L.P. and its affiliates, Franklin Park
Co-Investment Fund, L.P., David LeBlanc, and Steven Tidwell own
shares in the company.

Elizabeth A. Burgess, as president and CEO, signed the Chapter 11
petition.

No creditors' committee has been appointed in the case.


HEARUSA INC: Siemens' $3.6M Settlement With Stockholders OK'd
-------------------------------------------------------------
Law360 reported that a New Jersey federal judge has granted final
approval to a $3.6 million settlement between Siemens Hearing
Instruments Inc. and former HearUSA stockholders who filed a
putative class action accusing Siemens of artificially deflating
HearUSA's stock price, forcing its bankruptcy to acquire it more
cheaply.

According to a Dec. 5 order, U.S. District Court Judge Madeline
Cox Arleo signed off on the deal between Siemens Hearing and MTB
Investment Partners LP, a New York-based investment fund that was
the lead plaintiff in the class action, which alleged Siemens sunk
HearUSA's stock price by claiming in public filings that it had no
intent to acquire the company, the Law360 report related.

The case is MTB Investment Partners LP, et al., v. Siemens Hearing
Instruments Inc., case number 2:12-cv-00340, in the U.S. District
Court for the District of New Jersey.

                        About HearUSA Inc.

HearUSA, Inc., which sold hearing aids in 10 states, filed for
Chapter 11 bankruptcy protection (Bankr. S.D. Fla. Case No.
11-23341) on May 16, 2011, to sell the business for $80 million to
William Demant Holdings A/S, absent higher and better offers.

As a result of competitive bidding and auction, HearUSA's business
was sold to Siemens Hearing Instruments Inc., the principal
supplier and primary secured lender, for a price calculated at the
time to produce $39.7 million for common shareholders.  HearUSA
said the Siemens acquisition was worth $129 million, plus the
waiver of a distribution on the 6.4 million shares of HearUSA
stock that Siemens owned.

The liquidating Chapter 11 plan was confirmed in May 2012 and
implemented in June.  Following the sale, the Debtor changed its
name to "HUSA Liquidating Corporation".

The Debtor said that assets are $65.6 million against debt of
$64.7 million as of March 31, 2010.  HearUSA owed $31.3 million to
Siemens.

Judge Erik P. Kimball presides over the case.  Brian K. Gart,
Esq., Paul Steven Singerman, Esq., and Debi Evans Galler, Esq., at
Berger Singerman, P.A., represent the Debtor.  The Debtor has
tapped Bryan Cave LLP as special counsel; Sonenshine Partners LLC,
investment banker; Development Specialist Inc., restructuring
advisor and Joseph J. Luzinski as chief restructuring officer; and
AlixPartners LLC, as communications consultant.  Trustee Services,
Inc., serves as claims and notice agent.

The Official Committee of Unsecured Creditors has been appointed
in the case.  Robert Paul Charbonneau, Esq., and Daniel L. Gold,
Esq., at Ehrenstein Charbonneau Calderin, represent the Creditors
Committee.

An Official Committee of Equity Security Holders has also been
appointed.  Mark D. Bloom, Esq., at Greenberg Traurig P.A., in
Miami, Fla., represents the Equity committee as counsel.


HELLAS TELECOM: Noteholders' $333M Suit Against Sponsors Revived
----------------------------------------------------------------
Law360 reported that a New York federal judge reinstated a bond
trustee's lawsuit targeting the private equity owners of defunct
Hellas Telecommunications II SCA for EUR268 million ($333 million)
in defaulted debt following their perpetration of an alleged
scheme to enrich themselves while driving the company into
insolvency.

According to the report, U.S. District Judge J. Paul Oetken
reversed an earlier decision tossing a suit brought by indenture
trustee Wilmington Trust Co. and Cortland Street Recovery Corp., a
special-purpose vehicle set up by unhappy Hellas noteholders for
pursuing litigation over the Greek telecom's 2009 collapse.

The case had been dismissed on jurisdictional grounds when Judge
Oetken questioned whether WTC was a "naked trustee" without the
authority to act on the underlying noteholders' behalf, the report
related.  In response, the plaintiffs submitted a revamped version
that also dropped claims against two foreign investment funds, the
report further related.

The case is Cortland Street Recovery Corp. et al. v. Aliberti et
al., case number 1:12-cv-08686, in the U.S. District Court for the
Southern District of New York.

                  About Hellas Telecommunications

In February 2007, Hellas Telecommunications was purchased from
TPG Capital LP and Apax Partners by the Italian telecommunications
giant Weather Group.  The Company later suffered liquidity
problems and commenced administration proceedings in the U.K. in
November 2009.  The administrators sold 100% of the shares of Wind
Hellas to the existing owners, the Weather Group.  An order
placing the Company into liquidation was entered on Dec. 1, 2011.

Andrew Lawrence Hosking and Carl Jackson, as Joint Liquidators
petitioned for the Chapter 15 protection for the Company (Bankr.
S.D.N.Y. Case No. 12-10631) on Feb. 16, 2012.  Mr. Jackson was
later succeeded by Simon James Bonney, and then recently by Bruce
Mackay.

Bankruptcy Judge Martin Glenn presides over the Chapter 15 case.

The Debtor estimated assets and debts of more than $100,000,000.
The Debtor did not file a list of creditors together with its
petition.

The Foreign Representatives commenced the lawsuit against various
entities, captioned as, Hosking v. TPG Capital Management, L.P.,
et al., No. 14-01848 (MG) (Bankr. S.D.N.Y. March 13, 2014).  TPG
is represented by Paul M. O'Connor, III, Esq., and Andrew K.
Glenn, Esq., at Kasowitz, Benson, Torres, & Friedman, LLP of New
York, NY.  APAX is represented by Robert S. Fischler, Esq., and
Stephen Moeller-Sally, Esq., at Ropes & Gray LLP of New York, NY.
TCW is presented by Wayne S. Flick, Esq., and Amy C. Quartarolo,
Esq., at Latham & Watkins LLP of Los Angeles, CA.  Nikesh Aurora
is represented by William F. Gray, Jr., Esq., and Alison D. Bauer,
Esq., at Torys LLP of New York, NY and Michael A. Sherman, Esq.,
at Stubbs Alderton & Markiles, LLP of Sherman Oaks, CA.

U.S. counsel to the Foreign Representatives as against all
Defendants except Deutsch Bank AG and Nikesh Arora are Howard
Seife, Esq., Thomas J. McCormack, Esq., Andrew Rosenblatt, Esq.,
and Marc D. Ashley, Esq., at CHADBOURNE & PARKE LLP.

U.S. counsel to the Foreign Representatives as against Deutsch
Bank AG and Nikesh Arora are Alexander H. Schmidt, Esq., Alan
McDowell, Esq., and Jeremy Cohen, Esq., at WOLF HALDENSTEIN ADLER
FREEMAN & HERZ LLP.


HENRY BUSHKIN: Johnny Carson's Atty Sues Counsel Over Book
----------------------------------------------------------
Law360 reported that onetime Johnny Carson lawyer Henry
"Bombastic" Bushkin is suing the attorneys that handled his
Chapter 7 bankruptcy, alleging Wednesday in a California state
court complaint that they failed to list Bushkin's best-selling
Carson biography as an asset in the bankruptcy, an omission that
got Bushkin sued.

According to the report, Bushkin accused Leslie A. Cohen and her
firm, Leslie Cohen Law PC, of legal malpractice for her alleged
failure to address the value of royalties from the book, "Johnny
Carson," when Bushkin was discharged from bankruptcy in 2012.


HOUSTON REGIONAL: Astros, Rockets to Pay $26MM for Collateral
-------------------------------------------------------------
Law360 reported that the Houston Rockets and Houston Astros will
pay more than $26 million to Comcast Corp. to cover cash
collateral and furniture, fixtures and equipment, the companies
said, part of a bankruptcy plan for a now-defunct Houston sports
network.

According to the report, as part of the Chapter 11 plan that
allowed DirecTV and AT&T to relaunch the Houston Regional Sports
Network as ROOT Sports Southwest, the two teams agreed to make a
stalking horse bid of $26.2 million to purchase Comcast's sale
collateral after the collateral went through auction.  Of the bid,
$18.7 million went toward paying Comcast for its lender
collateral, and $7.5 million went toward the FF&E collateral, the
report said, citing court documents.

                    About Houston Regional

Houston Regional Sports Network is a joint enterprise among
affiliates of the Houston Astros baseball team, the Houston
Rockets basketball team, and Houston SportsNet Holdings, LLC --
"Comcast Owner" -- an affiliate of Comcast Corporation.  The
Network has three limited partners -- Comcast Owner, Rockets
Partner, L.P., and Astros HRSN LP Holdings LLC.  The primary
purpose of Houston Regional Sports Network is to create and
operate a regional sports programming service that produces,
exhibits, and distributes sports programming on a full-time basis,
including live Astros and Rockets games within the league-
permitted local territories.

Counsel for the petitioning creditors are Howard M. Shapiro, Esq.,
at Wilmer Cutler Pickering Hale and Dorr LLP; George W. Shuster,
Jr., Esq., at Wilmer Cutler Pickering Hale and Dorr LLP; Vincent
P. Slusher, Esq., at DLA Piper; and Arthur J. Burke, Esq., at
Davis Polk & Wardwell LLP.

Judge Marvin Isgur presides over the case.

The Network was officially placed into Chapter 11 bankruptcy
pursuant to a Feb. 7 Order for Relief.  It has won approval to
hire Haynes and Boone, Charles A. Beckham, Jr., Esq., Henry
Flores, Esq., Abigail Ottmers, Esq., and Christopher L. Castillo,
Esq., as counsel.  It also hired Conway MacKenzie, Inc., as
financial advisor.

Harry Perrin, Esq., represents Astros owner Jim Crane.  Alan
Gover, Esq., represents the Rockets.

The Astros are represented by Richard B. Drubel, Esq., Colleen A.
Harrison, Esq., and Jonathan R. Voegele, Esq., at Boies, Schiller
& Flexner LLP, in Hanover, NH; and Scott E. Gant, Esq., at Boies,
Schiller & Flexner in Washington, DC.  Comcast Corporation and
NBCUniversal Media, LLC, are represented by Vincent P. Slusher,
Esq., Eli Burriss, Esq., Andrew Mayo, Esq., and Andrew Zollinger,
Esq., at DLA Piper; Arthur J. Burke, Esq., Timothy Graulich, Esq.,
and Dana M. Seshens, Esq., at Davis Polk & Wardwell LLP; and
Howard M. Shapiro, Esq., and Craig Goldblatt, Esq., at Wilmer
Cutler Pickering Hale and Dorr LLP.  Attorney for McLane
Champions, LLC and R. Drayton McLane, Jr., are Wayne Fisher, Esq.,
at Fisher Boyd & Huguenard, LLP.

The Troubled Company Reporter, on Nov. 4, 2014, citing Daily
Bankruptcy Review, reported that U.S. Bankruptcy Judge Marvin
Isgur in Houston has approved the restructuring plan that will
hand control of Comcast SportsNet Houston.


HUNTINGTON INGALLS: Fitch Raises IDR to 'BB+'; Outlook Stable
-------------------------------------------------------------
Fitch Ratings has upgraded Huntington Ingalls Industries, Inc.'s
(HII) Issuer Default Rating (IDR) and senior unsecured debt
ratings to 'BB+' from 'BB'.  Fitch has also affirmed HII's senior
secured facilities at 'BBB-'.  The Rating Outlook is Stable.  The
ratings cover approximately $1.7 billion of outstanding debt.

KEY RATING DRIVERS

The upgrade is supported by HII's improved operating performance
which resulted in higher than expected margins, stronger free cash
flow generation (FCF - operating cash flows less CapEx and
dividends), lower leverage (Debt to EBITDA) and lower FFO adjusted
leverage.  For the last twelve months (LTM) ending Sept. 30, 2014,
the company had gross leverage of 1.7x, down from 2.3x and 3.2x at
the end of 2013 and 2012, respectively.  Fitch expects the
company's leverage will decline further by the end of 2015 due to
improving EBITDA margins and anticipated amortization of the
senior secured term loan.

The ratings are also supported by Fitch's expectation of continued
improvement of operating results driven by cost reduction
initiatives and improved execution, solid liquidity, expected de-
levering over the next two years and medium-sized acquisitions
which are expected to diversify HII's revenues from nearly 100%
exposure to the U.S. government's military spending.
Additionally, the company has a significant role in the U.S.
Navy's 30 year shipbuilding plan released in July 2014.  HII is a
sole source manufacturer of more than 70% of its revenues.

HII's credit metrics are solid for the new rating level.  The
company has the financial strength to withstand pressure on its
revenues and profits, but Fitch believes a non-investment grade
rating is still appropriate given concerns about low customer and
product diversification of the company.  Additionally, HII has a
significant exposure to program execution risk as evidenced by the
underperformance of its Ingalls segment within the past few years
due to troubles with LPD and LHA ships.

Fitch's other rating concerns include large annual net working
capital swings, increased dividends, and the company's exposure to
risks to core defense spending after fiscal 2015.  HII generates
nearly all of its revenues from the U.S. government, exposing the
company to changes in plans regarding the fleet needs of the
Department of Defense (DoD) and the Department of Homeland
Security.  In addition, Fitch is concerned with future cash
deployment actions as the company continues refining its cash
deployment strategy.

The notching up of the senior secured credit facility by one
rating level from the IDR of 'BB+' to 'BBB-' is supported by the
coverage provided by HII's tangible assets and operating EBITDA
compared to the fully drawn facility.  The collateral for the
facility includes substantially all of HII's assets with the
exception of the Avondale shipyard and a few other exclusions.

HII's EBITDA margins have increased significantly and reached
14.3% during the first three quarters of 2014, up from 11.3% and
8.4% in 2013 and 2012, respectively.  HII generated approximately
$606 million of cash flow from operating activities during the
last 12 months ended (LTM) Sept. 30, 2014, up significantly from
$236 million at the end of 2013.  HII's FCF totaled $421 million
during the LTM ended Sept. 30, 2014, up from $72 million at the
end of 2013 primarily due to better operating results and lower
working capital requirements.  Fitch expects HII will continue to
generate more than $250 million FCF annually.  HII focuses its
cash deployment on bolt-on acquisitions, capital expenditures,
dividends, share repurchases to offset dilutions and pension
contributions.

As of Sept. 30, 2014, HII had liquidity of $1.4 billion, including
$769 million in cash and $619 million availability under its $650
million domestic credit revolving facility, after giving effect to
$31 million of outstanding letters of credit.  Fitch expects HII's
liquidity will likely decline as the company continues refining
its cash deployment strategies.

At the end of 2013, HII's pension plans were underfunded by
approximately $420 million (91% funded), a significant improvement
over the $1.3 billion (74% funded) deficit at the end of 2012.
The improvement is largely due to an increase in interest rates,
positive asset returns, and contributions.  The pension benefit
obligation (PBO) was $4.3 billion at the end of 2013, while the
other postretirement benefit obligation was $616 million.  Fitch
expects HII's funded status for year end 2014 to deteriorate
slightly due to a decline in interest rates and new mortality
tables, offset by a strong year of asset gains and $123 million in
discretionary contributions.

The pension deficit and required contributions are mitigated by
expected reimbursements from the U.S. government which treats a
part of pension costs as allowable and reimbursable costs under
some government contracts.  Fitch expects HII's CAS reimbursements
will fully offset its funding requirements over the next several
years resulting in net cash inflows.

INDUSTRY OVERVIEW

HII generates almost all of its revenues from the U.S. government,
primarily the DoD.  As a result, defense spending is a driver of
HII's financial performance and credit quality. U.S. defense
spending is stabilizing and Fitch expects it could increase
modestly, though there are still risks to the downside from high
federal debt levels, delays in passing defense budgets, or changes
in overall defense strategy.  On the other hand, the change in
control of Congress and a rising global threat environment could
be catalysts for increases in global defense budgets.  The
sequester remains incorporated into Fitch's defense forecasts, so
changes in timing or amounts could affect the outlook in the
positive direction.

Despite spending cuts and ambiguity in long-term defense spending,
Fitch believes HII is in a better position than most contractors
to withstand changes in defense spending.  The length of HII's
contracts offset much of the impact from potential budget cuts.
Fitch believes that it is difficult to implement partial budget
cuts to many, if not all, of HII's programs.  HII's performance in
2012 and 2013 demonstrated its ability to withstand pressures from
changes in U.S. government defense spending.  HII is exposed to
the changes of U.S. Navy's shipbuilding plans; however, such
changes are long term in nature.

RATING SENSITIVITIES

Fitch may consider a positive rating action if HII's overall
credit metrics continue to strengthen, including if its leverage
and FFO adjusted leverage decline and remain in the range of 1.25x
- 1.5x and 2x - 2.5x, respectively.  Fitch is not likely to take a
positive rating action until U.S. defense spending trends
stabilize; the company has a defined cash deployment strategy; and
it completes the Avondale shipyard closure.

Given the company's low diversification and its exposure to
project execution risks, Fitch expects HII would need to maintain
stronger than average credit metrics and financial flexibility in
order to obtain investment grade ratings.

A negative rating action is not likely in the near future;
however, it would be considered should the company's leverage and
FFO adjusted leverage increase and remain above 2.5x and 3.5x,
respectively.  Other metrics in addition to leverage would also be
considered in determining negative rating actions.

Fitch has taken these rating actions:

   -- IDR upgraded to 'BB+';
   -- Senior secured bank facilities affirmed at 'BBB-';
   -- Senior unsecured debt upgraded to 'BB+'.

The Rating Outlook is Stable.


IAMGOLD CORP: S&P Cuts Corp. Rating to 'B+', Off Watch Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
corporate and issue-level ratings on Toronto-based gold producer
IAMGOLD Corp. to 'B+' from 'BB-', and removed the ratings from
CreditWatch, where they were placed with negative implications
Oct. 3.  The '4' recovery rating on the company's unsecured notes
is unchanged.  The recovery rating, which is based on Standard &
Poor's updated recovery analysis that excludes Niobec, reflects
S&P's view of average (30%-50%) recovery in a simulated default
scenario.

"The downgrade primarily reflects our expectation that IAMGOLD's
core credit ratios and operating efficiency will weaken following
the sale of the company's Niobec Inc. subsidiary," said Standard &
Poor's credit analyst Jarrett Bilous.

S&P estimates that the subsequent decline in earnings and cash
flow will increase the volatility of the company's profitability,
and result in estimated adjusted debt-to-EBITDA and funds from
operations (FFO)-to-debt ratios that fall within the range
commensurate with an "aggressive" financial risk assessment.

Standard & Poor's now views IAMGOLD's business risk profile as
"vulnerable" and its financial risk profile as "aggressive," which
results in a 'b' anchor score.  S&P revised its financial risk
assessment to "aggressive" from "significant" primarily to reflect
the expected deterioration in the company's core credit ratios
that primarily result from the Niobec sale, and are calculated on
a gross debt basis.  The company's business risk profile was also
revised to "vulnerable" from "weak," based mainly on S&P's view of
the company's weaker operating efficiency and increase in the
volatility of its profitability.  S&P also considers IAMGOLD's
liquidity position as "strong," which benefits from the US$500
million in proceeds expected from the Niobec sale, and has a
positive one-notch impact on the anchor score.  This results in a
final rating of 'B+'.

IAMGOLD is contemplating a range of strategic options following
the Niobec sale that are most likely to include investments in its
existing gold portfolio, a gold-focused acquisition that improves
the company's cost profile, and debt repayment.  The company has
not provided a timeline but S&P expects it to make a decision
within the next 12 months.  However, a change to S&P's business
risk assessment is unlikely over this period, regardless of how
the sale proceeds are deployed.  In S&P's view, a higher
assessment would require IAMGOLD to own several more operating
mines or achieve significant improvement in its operating
efficiency, which S&P views as unlikely in the next two years
based on the aforementioned options.

The stable outlook reflects S&P's view that IAMGOLD will maintain
core credit ratios consistent with an aggressive financial risk
profile, with strong liquidity.  S&P estimates that the company
will generate an adjusted debt-to-EBITDA ratio in the mid-to-high
4x area and FFO-to-debt below 20% over the next two years, based
on an average gold price of US$1,200 per ounce.  S&P's stable
outlook also takes into account the potential for modest
improvement in estimated core ratios, which will depend on the
allocation of Niobec sale proceeds.

A negative rating action could result from higher-than-expected
cost pressure or modestly lower average gold prices that lead to
adjusted debt-to-EBITDA above 5x.  In S&P's view, this could
result from an average gold prices approaching US$1,100 per ounce
in 2015.  In addition, S&P would expect to downgrade the company
with the erosion of IAMGOLD's currently strong liquidity.

Although unlikely over the next 12 months, S&P would consider an
upgrade if the company generated an adjusted debt-to-EBITDA ratio
below 3x on a sustained basis, or added several producing assets
via acquisitions.  In S&P's view, a sustained improvement in
adjusted debt-to-EBITDA would require significant debt reduction
(likely well above US$100 million) with an improvement in gold
margins.


KCG HOLDINGS: S&P Raises Rating on $305MM Sr. Sec. Notes to 'BB-'
-----------------------------------------------------------------
As previously announced, on Dec. 11, 2014, Standard & Poor's
Ratings Services raised its issue rating on KCG Holdings Inc.'s
$305 million senior secured second-lien notes due 2018 by one
notch to 'BB-' from 'B+'.

Standard & Poor's published its revised nonbank financial
institutions (NBFI) rating methodology and revised issue rating
methodology for NBFIs and nonbank financial services companies on
Dec. 9, 2014.  S&P also affirmed its 'BB-' issuer credit rating on
the company.  The outlook is stable.

In April 2014, KCG repaid its entire $535 million first-lien
senior-secured term loan, which it issued at the time of the
Knight and GETCO merger, less than one year after the close of the
merger in July 2013.  S&P believes KCG's management does not plan
to raise additional debt that will rank ahead of the second-lien
notes.  Additionally, there is no revolver at the holding company
level that ranks as priority debt. Accordingly, given the lack of
higher priority debt obligations and based on our revised issue
rating criteria, S&P raised its issue rating on the company's
senior secured second-lien notes to the same level as the issuer
credit rating.

RATINGS SCORE SNAPSHOT

Issuer Credit Rating                BB-/Stable/--

SACP                                bb+
Anchor                             bbb-
Entity-Specific Anchor Adjustment  0
Business Position                  Moderate (-1)
Capital, Leverage, and Earnings    Very Strong (2)
Risk Position                      Moderate (-1)
Funding and Liquidity              Moderate and
                                    Adequate-High (-1)
Comparable Ratings Analysis        0

External Influence                  0
Government Influence               0
Group Influence                    0
Rating Above The Sovereign         0


LAKE LAS VEGAS: Highland Wins $40MM Verdict Against Credit Suisse
-----------------------------------------------------------------
Highland Capital Management L.P. on Dec. 19 disclosed that a
Highland-managed entity, Claymore Holdings LLC, won a $40 million
verdict against Credit Suisse after a Texas State Court jury found
the Swiss firm concealed key information in order to fraudulently
induce Highland to participate in a 2007 refinancing of the Lake
Las Vegas development, including primarily concealing relevant
facts and conspiring with appraisers to inflate valuation.

"The avarice and reckless disregard displayed by Credit Suisse for
lenders to Lake Las Vegas and in other, similar deals, such as
Yellowstone, Promontory, Tamarack, Ginn, Turtle Bay, Rhodes Homes,
Flag (Anguilla), and North Las Vegas, was the most egregious
behavior we had seen in 30 years," said James Dondero, Highland's
Co-Founder and President.  "We are proud to have recovered damages
for our funds and investors."

The 12-member jury found Credit Suisse liable for fraud after a
three-week trial in Dallas.  Claymore Holdings accused Credit
Suisse of fraudulently manipulating the property's appraisal,
artificially inflating the value of the Lake Las Vegas
Development.  According to the 2013 lawsuit, Claymore Holdings
believes the appraisal methodology was concocted by David Miller,
Credit Suisse's Co-Head of Global Credit, and promoted by Dana
Klein, Managing Director at Credit Suisse, after prior appraisals
failed to place sufficient value on the Lake Las Vegas collateral
to warrant the $540 million refinancing.

"We pursued this litigation only after repeated attempts to reach
a settlement with Credit Suisse.  We simply wanted Credit Suisse
to take responsibility for contriving and manipulating the
appraisal process," said Scott Ellington, Chief Legal Officer and
General Counsel for Highland.  "We want to thank the jury for
their service and are pleased they held Credit Suisse accountable
for its actions."

During trial, the evidence showed that Credit Suisse increased the
value of the collateral by more than $230 million over a single
weekend. Credit Suisse, as agent lender for the refinancing, never
disclosed the change in the value to the lender group, Claymore
Holdings said in the lawsuit.  Despite telling investors that
Credit Suisse also was putting its own money into the investment,
Credit Suisse began taking steps to exit its own position on the
very day the loan refinancing closed.  Months later, Lake Las
Vegas filed for bankruptcy protection and the property ultimately
sold for less than 2% of the original appraised value.

As detailed in recent media reports, the appraisal firms and the
deal sponsor settled for approximately $150 million in aggregate.

Claymore Holdings was represented by William T. Reid IV, Lisa S.
Tsai, and Nathaniel J. Palmer of Reid Collins & Tsai LLP. Credit
Suisse was represented by T. Ray Guy and David J. Lender of Weil,
Gotshal & Manges LLP and Jeffrey M. Tillotson of Lynn, Tillotson,
Pinker & Cox LLP.

               About Highland Capital Management

Highland Capital Management is an SEC-registered investment
adviser which, together with its affiliates, has approximately $19
billion of assets under management.  Founded in 1993 by Jim
Dondero and Mark Okada, Highland is one of the largest and most
experienced global alternative credit managers. Highland's
strategies include collateralized loan obligations (CLOs), high
yield bonds, distressed credit, public and private equities,
structured products and natural resources.

                     About Lake Las Vegas

Headquartered in Henderson, Nevada, Lake at Las Vegas Joint
Venture, LLC and 14 of its debtor-affiliates --
http://www.lakelasvegas.com/-- are owners and developers of
3,592-acre residential and resort destination Lake Las Vegas
Resort in Las Vegas, Nevada.  Centered around a 320-acre man-made
lake, Lake Las Vegas contains more than 9,000 residential units,
and also includes two luxury resort hotels (a Loews and a Ritz-
Carlton), a casino, a specialty retail village shopping area,
marinas, three signature golf courses and related clubhouses, and
other real property.

The Debtors filed separate petitions for Chapter 11 relief (Bankr.
D. Nev. Lead Case No. 08-17814) on July 17, 2008.  When Lake at
Las Vegas Joint Venture, LLC, filed for protection from its
creditors, it estimated assets of $100 million to $500 million,
and debts of $500 million to $1.0 billion.  Courtney E.
Pozmantier, Esq., Martin R. Barash, Esq., at Klee, Tuchin,
Bogdanoff & Stern LLP, Jason D. Smith, Esq., at Santoro, Driggs,
Walch, Kearney, Holley & Thompson, Jeanette E. McPherson, Esq.,
Lenard E. Schwartzer, Esq., at Schwartzer & McPherson Law Firm,
represent the Debtors as counsel.  Kaaran E. Thomas, Esq., Ryan J.
Works, Esq., at McDonald Carano Wilson LLP, represent the Official
Committee of Unsecured Creditors as counsel.


LEHMAN BROTHERS: Barclays Fighting to Hold on to Trademark
----------------------------------------------------------
Law360 reported that Barclays PLC has largely discarded the
"Lehman Brothers" brand since it acquired much of the bankrupt
investment firm during the 2008 financial crisis, but court
records show that it's now fighting at the trademark office to
prove that it still controls the rights to the infamous name.

According to the report, it's hard to find Barclays making much
mention these days of Lehman -- the storied American investment
bank whose dramatic collapse under the weight of toxic mortgage-
backed securities drove the global financial crisis into
overdrive.

                      About Lehman Brothers

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

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

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

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

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

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

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

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.


LEHMAN BROTHERS: Files 61st Status Report on Claims Settlement
--------------------------------------------------------------
Weil Gotshal & Manges LLP, Lehman's legal counsel, filed its 61st
status report on the settlement of claims it negotiated through
the so-called alternative dispute resolution process.

The report noted that Lehman entered into settlements with
counterparties in three ADR matters as a result of mediation.
Upon closing of those settlements, the company will recover a
total of $2,766,409,216.

Settlements have now been reached in 381 ADR matters involving
497 counterparties, the report further said.

As of Dec. 10, 195 of the 209 ADR matters that reached the
mediation stage and concluded were settled through mediation,
according to the report.

                      About Lehman Brothers

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

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

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

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

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

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

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

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.


LEHMAN BROTHERS: FOGADE Wins Nod to Tap Diaz Reus as Agent
----------------------------------------------------------
Judge Shelley Chapman signed off on an order authorizing Fondo de
Proteccion Social de los Depositos Bancarios (FOGADE) to designate
Diaz Reus & Targ, LLP as its agent in connection with the
distributions it will receive from Lehman Brothers Holdings Inc.
and its brokerage arm.

The bankruptcy judge ordered that all distributions FOGADE will
receive on account of the claims of Banco Canarias De Venezuela,
C.A. and Credican, C.A. be paid to the trust account of the Miami-
based law firm.

Diaz Reus serves as legal counsel of FOGADE, the agency appointed
by a Venezuelan regulator to liquidate Banco Canarias and
Credican.

Credican asserts a claim against Lehman in the amount of $64.4
million.  Meanwhile, Banco Canarias asserts two claims against the
company aggregating about $17.56 million and another claim against
its brokerage unit.

FOGADE is represented by:

     Diaz Reus & Targ, LLP
     100 S.E. 2nd Street
     3400 Miami Tower
     Miami, FL 33131
     Tel: (305) 375-9220
     Fax: (305) 375-8050
     E-mail: cgonzalez@diazreus.com

                      About Lehman Brothers

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

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

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

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

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

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

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

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.


LEHMAN BROTHERS: LBI & Athlion Settle $47.95-Million Claim
----------------------------------------------------------
The official liquidating Lehman Brothers Holdings Inc.'s brokerage
sought and obtained court approval of an agreement that would
resolve Athilon Capital Corp.'s $47.95 million claim.

Under the agreement, approved on Dec. 17 by U.S. Bankruptcy Judge
Shelley Chapman, Athilon will get a general unsecured creditor
claim of $5.5 million against the brokerage.  The agreement can be
accessed for free at http://is.gd/jQaiBe

Athilon can be reached at:

     Patrick B. Gonzalez
     Chief Executive Officer
     Athilon Structured Investment Advisors LLC
     Two Grand Central Tower, 32nd Floor
     New York, NY 10017
     Telephone: (212) 457-3157
     Facsimile: (212) 457-3158
     Email: Patrick.Gonzalez@athilon.com

                      About Lehman Brothers

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

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

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

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

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

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

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

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.


LEHMAN BROTHERS: Files Suit to Disallow Ella E.M. Claim
-------------------------------------------------------
Lehman Brothers Holdings Inc. has filed a lawsuit seeking to
disallow Ella E.M. Brown Charitable Circle's $6.12 million claim
against the investment bank.

The claim stemmed from the early termination of Ella E.M.'s swap
agreement with Woodlands Commercial Corp., a Lehman subsidiary,
following the bankruptcy filing of its parent company in 2008.

Lehman said Ella E.M. violated the swap agreement when it sought
payment from the investment bank when in fact it should be the one
paying Woodlands.

Woodlands was "in the money" by as much as $11 million when Ella
E.M. terminated the swap agreement, which means the latter was
required to calculate and then pay the amount it owes Woodlands in
accordance with the terms of the agreement, Lehman said in a
complaint filed with the U.S. Bankruptcy Court in Manhattan.

In its complaint, Lehman also seeks payment of not less than $11
million, plus interest and legal costs.

The case is Lehman Brothers Holdings Inc., Woodlands Commercial
Corp. vs. Ella E.M. Brown Charitable Circle, Case No. 14-02390
(Bankr. S.D.N.Y.).

                      About Lehman Brothers

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

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

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

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

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

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

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

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.


LEHMAN BROTHERS: Sues Olin College to Recover $2 Million
--------------------------------------------------------
Lehman Brothers Holdings Inc. has sued Franklin W. Olin College of
Engineering, Inc., over amounts owed on swap agreements with the
company's special financing unit.

Lehman seeks to recover more than $2 million in connection with
the early termination of the swap agreements triggered by the
bankruptcy filing of the company and Lehman Brothers Special
Financing Inc.

"Had Olin College so calculated its loss, as it was contractually
obligated to do, it would have determined that it owed LBSF
millions of dollars more than what it paid," the company said in a
complaint filed with the U.S. Bankruptcy Court in Manhattan.

Olin College only paid about $6 million, according to Lehman,
which is seeking to recover more than $2 million, plus interest.

The case is Lehman Brothers Holdings Inc. vs. Franklin W. Olin
College of Engineering, Inc., Case No. 14-02391 (Bankr. S.D.N.Y.).

                      About Lehman Brothers

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

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

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

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

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

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

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

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.


LEHMAN BROTHERS: Sues Utah Housing Over Derivatives
---------------------------------------------------
Lehman Brothers Holdings Inc. has sued Utah Housing Corp. over
amounts owed on derivatives contracts with two Lehman
subsidiaries.

In a complaint filed with the U.S. Bankruptcy Court in Manhattan,
the company said Utah Housing "failed to calculate properly and in
good faith" the amounts it owes Lehman Brothers Special Financing
Inc. and Lehman Brothers Financial Products Inc. when it
terminated the contracts early.

According to the complaint, Utah Housing only paid $32.35 million
to Lehman's special financing unit, which was owed about $54.3
million as of the termination dates.  Meanwhile, the other Lehman
subsidiary, which was owed $21.4 million, only received more than
$15.9 million.

"Utah Housing improperly retained a gain of many millions of
dollars in excess of the amounts it paid to LBSF and LBFP," Lehman
said in the complaint.

The lawsuit is the latest legal move in the fight between Lehman
and those derivatives counterparties that allegedly took advantage
of its bankruptcy to reap improper windfalls.

Swaps, options and other derivatives still represent a significant
source of cash for Lehman creditors waiting to get paid back more
than six years after the company's bankruptcy filing.

The case is Lehman Brothers Holdings Inc. vs. Utah Housing
Corporation, and Does 1-10, Case No. 14-02409 (Bankr. S.D.N.Y.).

                      About Lehman Brothers

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

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

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

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

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

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

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

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.


LOMBARD PUBLIC: S&P Lowers Series A-2 Bonds Rating to 'CC'
----------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its issue
credit rating on the Lombard Public Facilities Corp. series 2005A-
2 bonds to 'CC' from 'CCC-'.  The outlook on the bond rating is
negative.  S&P also withdrew the '4' recovery rating on the bonds.

"The rating action reflects our view of the convention center and
hotel project's liquidity as "less than adequate" given that it
has exhausted its cash balances and our view that without a debt
restructuring, a payment default is inevitable on or about the
Jan. 1, 2015 payment on the bonds.  Even if the Village had
appropriated the requested funds, it would not have been
sufficient to cover the entire shortfall," said Standard & Poor's
credit analyst Jayne Ross.

Because of a weak economy and the hotel's slow ramp-up since
commercial operations began in 2007, the project initially drew on
cash in available reserve accounts, including the operating
reserve and capitalized interest accounts, to fund operating
shortfalls until it exhausted them.  The project has been drawing
on its remaining liquidity reserves to cover shortfalls in debt
service payments and has been accruing payments on the series C
bonds (not rated).

Although the Village of Lombard agreed to pay as much as $2
million annually (subject to appropriation) to cover shortfalls in
series A debt service, it chose not to appropriate requested funds
each time it has been called on to do so since December 2011.

As a result, the project had drawn the needed amounts from the
series A debt service reserve fund (DSRF) to make the January 2012
payment and subsequent debt service payments in July and January
of each year until now.  The series A DSRF is now exhausted and
cash flow from operations is not sufficient to make the full debt
service payment.  Even if the Village had appropriated the
requested funds, there still would have been a shortfall.
Therefore, in S&P's view, payment default is inevitable on or
about the January 2015 series 2005A-2 debt service payment date.

The negative outlook reflects S&P's view that the payment default
is inevitable on or about the Jan. 1, 2015 debt service payment
date on the series 2005A-2 bonds.


LOUIS BULLARD: Justices Take Case Limiting Ch. 13 Appeals
---------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Supreme Court took a case to decide
whether an individual in Chapter 13 can appeal when the bankruptcy
court refuses to approve a plan.

According to the report, the federal circuit courts of appeal are
divided on the question as six say there's no right of appeal,
while three permit an appeal when a judge denies approval of a
plan.  In the Bullard case, the Supreme Court will decide whether
the flexible approach is applicable in bankruptcy and whether the
more liberal rule allows an appeal from denial of Chapter 13 plan
approval, the report related.

The case is Bullard v. Hyde Park Savings Bank, 14-116, U.S.
Supreme Court (Washington).


MARCUS ENTERPRISES: Case Summary & 9 Unsecured Creditors
--------------------------------------------------------
Debtor: Marcus Enterprises LLC
        741 E Washington St
        Charles Town, WV 25414

Case No.: 14-01362

Nature of Business: Real Estate Development

Chapter 11 Petition Date: December 19, 2014

Court: United States Bankruptcy Court
       Northern District of West Virginia (Martinsburg)

Debtor's Counsel: John F. Wiley, Esq.
                  J. FREDERICK WILEY, PLLC
                  180 Chancery Row
                  Morgantown, WV 26505
                  Tel: (304) 906-7929
                  Fax: 304-296-6761
                  Email: JohnFWiley@aol.com

Total Assets: $0

Total Liabilities: $$6,989,368

The petition was signed by Ronald E. Marcus, managing member,
Marcus Enterprises LLC.

A list of the Debtor's nine largest unsecured creditors is
available for free at http://bankrupt.com/misc/wvnb14-01362.pdf


MARTIN MIDSTREAM: S&P Affirms 'B+' Corp. Credit Rating, Off Watch
-----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit and 'B-' senior unsecured debt ratings on U.S. midstream
energy partnership Martin Midstream Partners L.P. (Martin).  S&P
removed the ratings from CreditWatch with negative implications,
where it placed them on Aug. 11, 2014.  The rating outlook is
negative.

"The negative outlook reflects our view that weak commodity prices
will place incremental pressure on Martin's already elevated
financial leverage," said Standard & Poor's credit analyst Michael
Grande.  "While cash flows have no direct commodity price
exposure, we expect low crude oil prices to reduce volumes related
to Martin's marine terminal and transportation businesses, both of
which rely on upstream drilling to spur demand," said Mr. Grande.

S&P currently forecasts debt to EBITDA of 5.0x in 2015, but
recognizes that results will be influenced by industry conditions
and the partnership's ability to successfully execute its
strategy.

Martin's main business lines consist of terminalling and storage
(50% of estimated 2015 EBITDA), natural gas services (25%), sulfur
services (15%), and marine transportation (10%).  While S&P
believes Martin's Gulf Coast terminalling and storage assets
provide relatively stable cash flows from a mostly fee-based
contract mix, volume risk is present and S&P expects weaker oil
prices in 2015 will soften demand in this segment.  The
partnership's specialized inland terminals, which handle products
such as molten sulfur and asphalt, should partially offset this
dynamic.

The "aggressive" financial risk profile reflects Martin's adjusted
cash flow and leverage measures, "adequate" liquidity, and master
limited partnership structure, which gives it incentive to
distribute virtually all free cash flow to unitholders each
quarter.

The negative outlook reflects S&P's view that low commodity prices
could lead to weak financial measures for a sustained period.  S&P
currently forecasts debt to EBITDA of 5x in 2014, but recognizes
that results will be influenced by industry conditions and the
partnership's ability to successfully execute its strategy.  Apart
from a deterioration of MRMC's credit quality, S&P could lower the
rating if it believes that Martin appears unlikely to lower debt
to EBITDA to below 5x on a sustained basis.  S&P could revise the
outlook to stable if it gains greater visibility on the
partnership's ability to maintain stand-alone financial leverage
in the range of 4.5x to 5x.


MAUDORE MINERALS: Creditor Gets Receiver for Aurbec Mines
---------------------------------------------------------
Maudore Minerals Ltd. on Dec. 18 disclosed that pursuant to an
application brought by its principal secured creditor, FBC
Holdings S.a.r.l, under section 243 of the Bankruptcy and
Insolvency Act (Canada), Samson Belair/Deloitte & Touche Inc. has
been appointed as receiver of all of the assets, undertakings and
properties of Aurbec Mines Inc., with the exception of the Vezza
Project which is subject to a prior-ranking hypothec.

As a result of the appointment of the Receiver, all of the
directors and officers of Aurbec have resigned.  However, members
of management of Aurbec have agreed to remain available to assist
the Receiver to the extent possible in the circumstances.

As regards Maudore, the Superior Court of Quebec has granted an
extension to January 14, 2015 of the deadline for Maudore to make
a proposal to its creditors.

                    About Maudore Minerals Ltd.

Maudore is a Quebec-based junior gold company with mining and
milling assets as well as more than 22 exploration projects.  Five
of these projects are at an advanced stage of development with
reported current and historical resources and mining.  Currently,
all the Corporation's operating assets are on care and maintenance
awaiting a significant change in the gold market.  The
Corporation's exploration projects span some 120 km, east-west, of
the underexplored Northern Volcanic Zone of the Abitibi Greenstone
Belt and cover a total area of 1,285 km2, with the Sleeping Giant
Processing Facility within trucking distance of key development
projects.


MEXX: Gordon Brothers, Hilco Commence Going-Out-of-Business Sales
-----------------------------------------------------------------
Gordon Brothers Group and Hilco Merchant Resources on Dec. 19
disclosed that they will begin going-out-of-business sales at all
Mexx retail locations throughout Canada beginning Friday, December
19th.  The Company filed a Notice of Intention to Make a Proposal
under the Bankruptcy Insolvency Act on December 3, 2014 after
struggling against competition from both online and other brick
and mortar retailers. Richter is acting as Trustee.  Mexx
currently operates 95 retail locations across Canada.  Discounts
of 30% to 50% off original prices on all merchandise will be
offered on the entire inventory of men's, women's and children's
apparel, accessories and room furnishings.  Furniture, fixtures
and equipment from the stores, warehouse and corporate offices
will also be available for sale.

Substantial reductions off original prices will be taken on every
item in stores, including new arrival tops, sweaters, jeans,
shoes, handbags, jewelry and room decor.

"This international retailer is known for its high quality fashion
and on trend merchandise assortment.  We encourage customers to
visit their local stores to take advantage of the great savings
that will be available throughout the sale, just in time for the
holidays," Rick Edwards, Co-President of Gordon Brothers Group's
Retail Division stated.

Mike Keefe, President and CEO of Hilco Merchant Resources, said
"Mexx is a very popular international brand and consumers are
encouraged to save while the selection is best.  Because of the
compelling discounts and spectacular assortment of merchandise, we
expect this will be a short sale."

Mexx gift cards will be honored throughout the sale.

                  About Gordon Brothers Group

Founded in 1903, Gordon Brothers Group --
http://www.gordonbrothers.com-- is a global advisory,
restructuring and investment firm specializing in the retail,
consumer products, industrial and real estate sectors.  Gordon
Brothers Group maximizes value for both healthy and distressed
companies by purchasing or selling all categories of assets,
mitigating leases, appraising assets and operating businesses for
extended periods.  Gordon Brothers Group conducts over $50 billion
worth of transactions and appraisals annually.  As of November
2014, debt financing is provided by Gordon Brothers Finance
Company.

              About Hilco Merchant Resources, LLC

Hilco Merchant Resources -- http://www.hilcomerchantresources.com
-- provides a wide range of analytical, advisory, asset
monetization, and capital investment services to help you define
and execute a retailer's strategic initiatives.  Hilco Merchant
Resources' activities fall into several principal categories
including acquisitions; disposition of underperforming stores;
retail company or division wind downs; event sales to convert
unwanted assets into working capital; facilitation of mergers and
acquisitions; interim company, division or store management teams;
loss prevention; and, the monetization of furniture, fixtures and
equipment.

Hilco Merchant Resources is part of Northbrook, Illinois based
Hilco Global, the world's leading authority on maximizing the
value of business assets by delivering valuation, monetization and
advisory solutions to an international marketplace.  Hilco Global
-- http://www.hilcoglobal.com-- operates twenty specialized
business units offering services that include asset appraisal,
retail and industrial inventory acquisition and disposition, real
estate repositioning and renegotiation, strategic advisory and
operational consulting and strategic capital equity investments.

                           About Mexx

Founded in Amsterdam, Netherlands, Mexx is an international retail
chain that sells men's, women's and children's clothing and
accessories as well as home furnishings.  Mexx is headquartered in
Amsterdam and operates over 800 retail stores across 55 countries.


MIDWEST FAMILY: S&P Affirms 'B' Rating on 2006A Class IV Bonds
--------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating
and underlying rating (SPUR) to 'BBB' (sf) from 'BBB+' (sf) on
Midwest Family Housing LLC, Ill.'s (Navy Midwest Housing
privatization project) series 2006A class II military housing
taxable revenue bonds.  At the same time, Standard & Poor's
affirmed its:

   -- 'AA-' (sf) long-term rating and SPUR on the project's series
      2006A class I military housing revenue bonds;

   -- 'BB' (sf) long-term rating and SPUR on the project's series
      2006A class III military housing revenue bonds; and

   -- 'B' (sf) long-term rating and SPUR on the project's series
      2006A class IV military housing revenue bonds.

Finally, Standard & Poor's removed the above ratings from
CreditWatch.  The outlook on the class I bonds is stable.  The
outlook on the class II, III, and IV bonds is negative.

"The bonds had been placed on CreditWatch due to the pending
application of our revised criteria published June 19, 2014," said
Standard & Poor's credit analyst Andrew Fong.  "The negative
outlook on class II, III, and IV bonds reflects our view of the
transaction's slim coverage levels for each of these classes of
debt," Mr. Fong added.


MIG LLC: Litigation Amendment Approved
--------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court issued an
order approving Bank of New York Mellon's motion for a consensual
amendment of MIG's litigation trust agreement, pursuant to
Sections 105(A) and 363(B) of the Bankruptcy Code.

According to BData, "the primary responsibility of the Litigation
Trustee was to pursue the Change of Control Litigation. That
litigation has ended and the Litigation Trustee has delivered
notice of its intent to resign....The Litigation Trust Agreement
by its terms already contemplates the continued existence of the
Litigation Trust without the need for a Litigation Trustee. The
Trust Agreement Amendment fills in the gap that exists in the
Collateral Documents and the Litigation Trust Agreement whereby
the Litigation Trust could be left without a Litigation Trustee
and the Indenture Trustee unable to directly exercise remedies.
Such result clearly was not the intent of the documents. The Trust
Agreement Amendment advances the purpose of the Litigation Trust
Agreement by expressly recognizing the implicit, practical reality
that all enforcement actions, if any, will be taken only at the
direction of the majority of Noteholders."

                        About MIG LLC

Formerly operating under the name "Metromedia International Group,
Inc.," MIG LLC -- http://www.migllc-group.com/-- owned and
operated and sold dozens of companies in diverse industries,
including entertainment, photo finishing, garden equipment and
sporting goods, until the late 1990s.  In 1997 and 1998, MIG
consummated the sale of substantially all of its U.S.-based
entertainment assets and began focusing on expanding into emerging
communications and media businesses.  By 2005, all of MIG's
operating businesses were located in the Republic of Georgia and
operated through its subsidiaries.

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection on June 30, 2014.  The cases are currently
jointly administered under Bankr. D. Del. Lead Case No. 14-11605.
As of the bankruptcy filing, MIG's sole valuable asset, beyond its
existing cash, is its indirect interest in Magticom Ltd.  The
cases are assigned to Judge Kevin Gross.  MIG LLC disclosed
$15,939,125 in assets and $253,713,467 in liabilities.

Headquartered in Tbilisi, Georgia, Magticom is the leading mobile
telephony operator in Georgia and is also the largest telephone
operator in Georgia.  Magticom serves 2.4 million subscribers with
a network that covers 97% of the populated regions in Georgia.
Magticom is owned by International Telcell Cellular, LLC, which is
46% owned by MIG unit ITC Cellular, 51% owned by Dr. George
Jokhtaberidze, and 3% owned by Gemstone Management Ltd.

Formerly known as MIG, Inc., MIG was a debtor in a previous case
(Bankr. D. Del. Case NO. 09-12118).  It obtained approval of its
reorganization plan in November 2010.

The Debtors have tapped Greenberg Traurig LLP as counsel, Fox
Rothschild Inc. as financial advisor; Cousins Chipman and Brown,
LLP as conflicts counsel; and Prime Clerk LLC as claims and notice
agent and administrative advisor.  The Debtors have retained
Natalia Alexeeva as chief restructuring officer.

A three-member panel has been appointed in these cases to serve as
the official committee of unsecured creditors, consisting of
Walter M. Grant, Paul N. Kiel, and Lawrence P. Klamon.


NII HOLDINGS: Insider Incentive Plan Draws U.S. Trustee Objection
-----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Trustee opposes NII Holdings Inc.'s
request to pay performance bonuses to eight of its senior
management employees, contending that the bonuses to insiders are
"primarily retentive" and failed to meet the Bankruptcy Code
requirements.

According to the report, the proposed plan consists of NII's cash
bonus incentive plan, under which all employees are eligible to
participate, as well as a "restructuring metric," the achievement
of which provides an additional cash payment for the senior
managers tied to either confirmation of a Chapter 11 plan, a sale
of assets, or both.  NII said in that the total cost of the
proposed plan, assuming achievement of target performance, would
be about $8.9 million, the report related.

                         About NII Holdings

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

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

The Debtors have tapped Jones Day as counsel and Prime Clerk LLC
as claims and noticing agent.  NII Holdings disclosed
$1,216,071,340 in assets and $3,068,103,749 in liabilities as of
the Chapter 11 filing.

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


O.W. BUNKER: Proposes Montgomery McCracken as Bankruptcy Counsel
----------------------------------------------------------------
O.W. Bunker Holding North America Inc., et al., ask the U.S.
Bankruptcy Court for permission to employ Montgomery, McCracken,
Walker & Rhoads, LLP as their bankruptcy counsel, nunc pro tunc to
the Petition Date.

Since the firm's initial engagement on Nov. 13, 2014 as detailed
in the engagement letter among the Debtors and MMWR, the MMWR
professionals providing services to the Debtors have worked
closely with the Debtors' management and other professionals in
assisting with the myriad requirements of the Chapter 11 cases.
Consequently, the Debtors believe that MMWR has developed
significant relevant experience and expertise regarding the
Debtors and the unique circumstances of these cases.

The Debtors propose to pay MMWR its customary hourly rates in
effect from time to time.  The current ranges of rates of MMWR's
professionals are:

                  Professional    Hourly Rate
                  ------------    -----------
                  Partners        $330 to $690
                  Of Counsel      $385 to $630
                  Associates      $280 to $440
                  Paralegals      $140 to $240

In the 90 days prior to the Petition Date, the Debtors paid MMWR a
retainer of $100,000 in connection with and in contemplation of
filing their Chapter 11 cases.

The Debtors say at this time, it is not possible to estimate the
number of professional hours that will be required to perform the
services contemplated by the Engagement Letter.

Natalie D. Ramsey, Esq., a MMWR professional, attests that the
Firm is a "disinterested person" under Section 101(14) of the
Bankruptcy Code.

                         About O.W. Bunker

OW Bunker AS is a global marine fuel (bunker) company founded in
Denmark.

On Nov. 6, 2014, OW Bunker A/S placed OWB Trading and O.W. Bunker
Supply & Trading A/S in an in-court restructuring procedure with
the probate court in Aalborg, Denmark.  By Nov. 7, 2014, the
Danish entities (plus O.W. Bunker Supply & Trading A/S, O.W. Cargo
Denmark A/S, and Dynamic Oil Trading A/S) were placed under formal
Danish bankruptcy (liquidation) proceedings in the Aalborg probate
court.  The company declared bankruptcy following its admission
that it had lost US$275 million through a combination of fraud
committed by senior executives at its Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and
O.W. Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn.
Case Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13,
2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.

The Office of the United States Trustee formed an official
committee of unsecured creditors of the Debtors on Nov. 26, 2014.


O.W. BUNKER: Taps Robinson & Cole as Connecticut Counsel
--------------------------------------------------------
O.W. Bunker Holding North America Inc., et al., ask the U.S.
Bankruptcy Court for permission to employ Robinson & Cole LLP as
their Connecticut counsel in connection with their Chapter 11
cases, nunc pro tunc to Nov. 13, 2014.

Robinson & Cole will assist the Debtors' lead bankruptcy counsel,
Montgomery McCracken Walker & Rhoads LLP.  Robinson & Cole will
coordinate its efforts and services with those rendered by
Montgomery McCracken to avoid unnecessary duplication of services
or other inefficiencies.

Robinson & Cole will charge the Debtors for services rendered on
an hourly basis in accordance with its ordinary and customary
hourly rates, except that the services of Michael R. Enright will
be charged at a discounted rate of $425 per hour.  The firm will
be entitled to an award of its necessary expenses incurred on
behalf of the Debtors, in accordance with the provisions of
Sections 328, 330 and 331 of the Bankruptcy Code, or as otherwise
ordered by the Court.

Mr. Enright attests that Robinson & Cole is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.  Robinson & Cole disclosed that it represents affiliates of
Chevron Marine Products LLC, a member of the official committee of
unsecured creditors, in matters unrelated to the Debtors' Chapter
11 cases.

                         About O.W. Bunker

OW Bunker AS is a global marine fuel (bunker) company founded in
Denmark.

On Nov. 6, 2014, OW Bunker A/S placed OWB Trading and O.W. Bunker
Supply & Trading A/S in an in-court restructuring procedure with
the probate court in Aalborg, Denmark.  By Nov. 7, 2014, the
Danish entities (plus O.W. Bunker Supply & Trading A/S, O.W. Cargo
Denmark A/S, and Dynamic Oil Trading A/S) were placed under formal
Danish bankruptcy (liquidation) proceedings in the Aalborg probate
court.  The company declared bankruptcy following its admission
that it had lost US$275 million through a combination of fraud
committed by senior executives at its Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and
O.W. Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn.
Case Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13,
2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.

The Office of the United States Trustee formed an official
committee of unsecured creditors of the Debtors on Nov. 26, 2014.


O.W. BUNKER: Taps A&M as Restructuring Advisor
----------------------------------------------
O.W. Bunker Holding North America Inc., et al., asks the U.S.
Bankruptcy Court for permission to employ Alvarez & Marsal North
America, LLC, to serve as restructuring advisor, nunc pro tunc to
the Petition Date.

The Debtors have determined that the services of an experienced
restructuring advisor will substantially enhance their attempts to
maximize the value of their estates.  Since the firm's initial
engagement on Nov. 10, 2014, the A&M personnel providing services
to the Debtors have worked closely with the Debtors' management
and other professionals in assisting with the myriad requirements
of the Chapter 11 cases.

Postpetition, A&M will, among other things, provide assistance to
the Debtors with respect to management of the overall
restructuring process, the development of a process for selling
substantially all of the Debtors' assets, and supporting
restructuring negotiations among the Debtors, their advisors, and
their creditors with respect to an overall exit strategy for the
Chapter 11 cases.

The fee structure provides that A&M will be paid by the Debtors at
the customary billing rates of A&M professionals:

            Professional          Hourly Rate
            ------------          -----------
            Managing Directors    $725 to $925
            Directors             $500 to $725
            Analysts/Associates   $325 to $525

In addition, A&M will seek reimbursement for the reasonable and
necessary out-of-pocket expenses.

As part of the overall compensation payable to A&M, the Debtors
have agreed to certain indemnification obligations.

A&M received $50,000 as initial retainer in connection with
preparing for and conducting the filing of the Debtors' Chapter 11
cases.

The Debtors believe that A&M is a "disinterested person" as
defined in Section 101(14) of the Bankruptcy Code.

                         About O.W. Bunker

OW Bunker AS is a global marine fuel (bunker) company founded in
Denmark.

On Nov. 6, 2014, OW Bunker A/S placed OWB Trading and O.W. Bunker
Supply & Trading A/S in an in-court restructuring procedure with
the probate court in Aalborg, Denmark.  By Nov. 7, 2014, the
Danish entities (plus O.W. Bunker Supply & Trading A/S, O.W. Cargo
Denmark A/S, and Dynamic Oil Trading A/S) were placed under formal
Danish bankruptcy (liquidation) proceedings in the Aalborg probate
court.  The company declared bankruptcy following its admission
that it had lost US$275 million through a combination of fraud
committed by senior executives at its Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and
O.W. Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn.
Case Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13,
2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.

The Office of the United States Trustee formed an official
committee of unsecured creditors of the Debtors on Nov. 26, 2014.


OAKLEY AND SON: Case Summary & 5 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Oakley and Son, Inc.
        387 Nora Poole Road
        Roxboro, NC 27573

Case No.: 14-81411

Chapter 11 Petition Date: December 19, 2014

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

Debtor's Counsel: John Paul H. Cournoyer, Esq.
                  NORTHEN BLUE, LLP
                  Suite 435, 1414 Raleigh Road
                  Chapel Hill, NC 27517
                  Tel: 919-968-4441
                  Fax: 919-942-6603
                  Email: jpc@nbfirm.com

Total Assets: $1.33 million

Total Liabilities: $414,815

The petition was signed by Kevin N. Oakley, president.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/ncmb14-81411.pdf


OVERSEAS SHIPHOLDING: Unveils Mgt. Changes 4 Months After Exit
--------------------------------------------------------------
Overseas Shipholding Group, Inc. on Dec. 19 announced several key
management changes as the Company continues to execute its
strategy following emergence from bankruptcy in August 2014.

The Board of Directors of the Company has appointed Douglas Wheat
as Chairman of the Board.  Mr. Wheat, who has served as a Director
of the Company since August 2014, currently also serves as
Chairman of AMN Healthcare Services Inc. and as Vice Chairman of
Dex Media, Inc.  He previously served as Chairman of SuperMedia,
Inc. and Playtex Products Inc.  Since 2008, he has served as
Managing Partner of Southlake Equity Group, a private investment
firm.

Mr. Wheat assumes the position of Chairman from John Ray.
Mr. Ray, Managing Director of Greylock Partners, LLC, a
restructuring advisory firm, was formerly Chief Restructuring
Officer of the Company during its Chapter 11 proceeding.  He had
agreed to serve as Chairman of the Board of Directors following
confirmation of the Plan of Reorganization to assist with the
transition and development of the Company during the period
immediately after the emergence.

Mr. Wheat commented, "John Ray and his team at Greylock Partners
have done a tremendous service to the Company and the Board by
completing the important transition during our emergence from
Chapter 11 and readying the Company for the next stage of its
development.  The entire board thanks him for his service and
looks forward to working with him to complete the transition."
Mr. Ray has decided not to stand for re-election at the 2015
annual meeting.

Additionally, the Company disclosed it has appointed Rick Oricchio
as Senior Vice President and Chief Financial Officer effective as
of January 12, 2015.  Mr. Oricchio joins the Company after a
30-year career with Deloitte, LLP.  As a partner at Deloitte,
Mr. Oricchio provided tax services to the Company during the
Chapter 11 proceedings and has extensive knowledge about the
Company and its management.  Mr. Wheat stated that Mr. Oricchio's
experience and knowledge of the Company will be an immediate asset
to the Company and provide additional strength to the Company's
financial team, which the Board has supplemented since the
emergence date.

Mr. Oricchio will assume the Chief Financial Officer role from
Captain Ian Blackley.  Captain Blackley, a 43-year veteran of the
shipping industry, has been with the Company since 1991 and has
served as Chief Financial Officer since shortly after the
Chapter 11 filing in 2012.  Captain Blackley has been appointed to
the newly created role of Executive Vice President and Chief
Operating Officer.  In this capacity, Captain Blackley will play a
key role in OSG's operations and in the development and execution
of its strategy.

Lois K. Zabrocky and Henry Flinter will continue in their current
roles as co-Presidents of the Company.

                   About Overseas Shipholding

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

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

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

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

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

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

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

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

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

                          *     *     *

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

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


PHOENIX PAYMENT: Plan Filing Period Extended to March 2
-------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware extended Phoenix Payment Systems, Inc.'s plan
filing period through and including March 2, 2015, and their
solicitation period through and including May 4, 2015.

As previously reported by The Troubled Company Reporter, in
support of its extension request, the Debtor states: "The Debtor
believes that maintaining the exclusive right to file and solicit
votes on its plan of reorganization is critical to its ability to
complete this process and achieve its remaining goals as
efficiently and expeditiously as possible.  The Debtor expects its
remaining restructuring initiatives to be completed in the near
future, and therefore, the requested extension of the Exclusivity
Periods will afford the Debtor the time to complete the
initiatives and consummate the restructuring transactions already
in progress.  Accordingly, the Debtor requests an extension of the
Exclusivity Periods to allow the Debtor to continue focusing on
finalizing, filing and obtaining confirmation of its plan of
reorganization and to preclude the costly disruption that would
occur if competing plans were to be proposed."

                      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.


PORT AGGREGATES: Case Summary & 17 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Port Aggregates, Inc.
        2620 SW Evangeline Thruway
        Lafayette, LA 70508

Case No.: 14-51580

Type of Business:

Chapter 11 Petition Date: December 19, 2014

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

Judge: Hon. Robert Summerhays

Debtor's Counsel: Louis M. Phillips, Esq.
                  GORDON ARATA MCCOLLAM DUPLANTIS & EAGAN LLC
                  One American Place
                  301 Main Street, Suite 1600
                  Baton Rouge, LA 70825-0004
                  Tel: (225) 381-9643
                  Fax: (225) 336-9763
                  Email: lphillips@gordonarata.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Andrew L. Guinn, Sr., president.

List of Debtor's 17 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Airgas USA, LLC                                            $55

All Serve Industrial LLC                                  $160

Automatic Data Processing Inc.                            $214

Bank of the West                                        $3,781

Cameron Telephone Company                                 $652

Canon Financial Services Inc.                             $352

Canon Solutions America, Inc.                             $274

Cintas Corporation                                         $32

CLM Equipment Co Inc.                                   $2,126

Community Coffee Company LLC                              $146

Crow Burlingame Co                                        $273

Grimes Industrial Supply LLC                              $875

Parker's Industrial Uniforms                              $210

Trico Construction Co. Inc.                            167,702

Vulcan Const Materials LP                           $1,399,239
PO Box 11407
Drawer 0344
Birmingham, Al 35246-0344

Vulcan Const Materials LP                              $65,185

Zee Medical Service                                        $19


RADIAN GROUP: Assured Guaranty Nears Deal for Unit
--------------------------------------------------
Mike Stone, writing for Reuters, reported that the biggest U.S.
private mortgage insurer, Radian Group Inc., is close to a sale of
its financial guaranty business to Assured Guaranty Ltd for around
$800 million.

According to the report, citing people familiar with the matter, a
deal could be announced in the next few days.  Radian's financial
guaranty business provides insurance and reinsurance of municipal
bonds, structured finance transactions and other credit-based
risks, the report related.

Radian Group Inc. is a US-based holding company that owns a
mortgage insurance platform comprised of Radian Guaranty, Radian
Mortgage Assurance, and Radian Insurance.  In addition, it owns
Radian Asset Assurance, a financial guaranty insurance company.
The group also has investments in other financial services
entities. As of March 31, 2014, Radian Group had $5.5 billion in
total assets and $1.1 billion in shareholder's equity.

                      *     *     *

The Troubled Company Reporter, on June 19, 2014, reported that
Moody's Investors Service has assigned provisional ratings to
Radian Group Inc. under a multi-seniority shelf registration
statement that was filed by Radian on May 6, 2014. This shelf
registration statement replaced Radian's previous shelf
registration statement filed on August 9, 2012. Moody's currently
rates Radian Group's senior debt at B3, and Radian's principal
mortgage insurance operating subsidiaries Ba2 for insurance
financial strength. The outlook for the ratings is positive.


RADIOSHACK CORP: Lender Sends Mixed Signals About Bankruptcy
------------------------------------------------------------
Josh Kosman and James Covert, writing for The New York Post,
reported that RadioShack Corp. is confused by the mixed signals of
a lender that flip-flopped to push the troubled retailer into
bankruptcy.

According to the report, Salus Capital -- which joined Cerberus
Capital Management -- now claims RadioShack is in default after
making a public presentation explaining why it was not.
RadioShack term lenders Cerberus and now Salus on Dec. 2 claimed
the company had defaulted, the report noted.

                     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.


REVEL AC: Sale to Runner-Up Polo North Set for Jan. 5 Hearing
-------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that a bankruptcy judge in Camden, New Jersey, will
convene a hearing on Jan. 5 to consider approval of the sale of
Revel AC Inc.'s assets to Glenn Straub's Polo North Country Club
Inc.

As previously reported by The Troubled Company Reporter, citing
The Deal, Revel has asked the bankruptcy court to approve the sale
of its assets to Polo North County, which was the runner up at the
auction, after the winning bidder, Brookfield Property Partners
LP, backed out of the deal.  Mr. Staub's company offered $95.4
million for the assets.  A Brookfield representative has said in
November that it wouldn't be moving forward with the $110 million
sale because Brookfield was spooked by the situation involving ACR
Energy Partners LLC, a joint venture between South Jersey
Industries Inc. (SJI) and DCO Energy LLC whose power plant
provides Revel, its only customer, with air conditioning, hot
water and electricity.  ACR's bondholders, owed $118 million, have
refused to renegotiate debt related to the JV's plant, casting
doubt on its future operation.

                          About Revel AC

Revel AC, Inc. -- http://www.revelresorts.com/-- owns and
operates Revel, a Las Vegas-style, beachfront entertainment resort
and casino located on the Boardwalk in the south inlet of Atlantic
City, New Jersey.

Revel AC Inc. and five of its affiliates sought bankruptcy
protection (Bankr. D.N.J. Lead Case No. 14-22654) on June 19,
2014, to pursue a quick sale of the assets.

The Chapter 11 cases are assigned to Judge Gloria M. Burns.  The
Debtors' Chapter 11 cases are jointly consolidated for procedural
purposes.

Revel AC estimated assets ranging from $500 million to $1 billion,
and the same amount of liabilities.

White & Case, LLP, and Fox Rothschild, LLP, serve as the Debtors'
Counsel, and Moelis & Company, LLC, is the investment banker.  The
Debtors' solicitation and claims agent is Alixpartners, LLP.

The prepetition first lenders are represented by Cadwalader,
Wickersham & Taft LLP.  The prepetition second lien lenders are
represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.  The
DIP agent is represented by Milbank, Tweed, Hadley & McCloy LLP.

This is Revel AC's second trip to bankruptcy.  The company first
sought bankruptcy protection (Bankr. D.N.J. Lead Case No. 13-
16253) on March 25, 2013, with a prepackaged plan that reduced
debt by $1.25 billion.  Less than two months later on May 15,
2013, the 2013 Plan was confirmed and became effective on May 21,
2013.


REVEL AC: Taps Slater Tenaglia to Handle Casino Collections Cases
-----------------------------------------------------------------
Revel AC, Inc., et al., seek approval from the Bankruptcy Court to
employ Slater, Tenaglia, Fritz & Hunt, P.A.., as attorneys to
handle continued collections cases.

The firm has over 30 years of experience handling casino
collections.  Since the filing date of June 19, 2014, the Firm has
collected a total of $111,000 and been paid contingency fees out
of that amount which total $19,800.

The Debtors has agreed to provide the Firm a 17 percent
contingency fee on any recovered monies, and a $150 per hour fee
for files as designated by client and for defense of
counterclaims.

James T. Hunt, Jr., a Slater Tenaglia professionals, attests that
the Firm has conducted a conflict search and believes that it is a
"disinterested person" under 11 U.S.C. Sec. 101(14).

                          About Revel AC

Revel AC, Inc. -- http://www.revelresorts.com/-- owns and
operates Revel, a Las Vegas-style, beachfront entertainment resort
and casino located on the Boardwalk in the south inlet of Atlantic
City, New Jersey.

Revel AC Inc. and five of its affiliates sought bankruptcy
protection (Bankr. D.N.J. Lead Case No. 14-22654) on June 19,
2014, to pursue a quick sale of the assets.

The Chapter 11 cases are assigned to Judge Gloria M. Burns.  The
Debtors' Chapter 11 cases are jointly consolidated for procedural
purposes.

Revel AC estimated assets ranging from $500 million to $1 billion,
and the same amount of liabilities.

White & Case, LLP, and Fox Rothschild, LLP, serve as the Debtors'
Counsel, and Moelis & Company, LLC, is the investment banker.  The
Debtors' solicitation and claims agent is Alixpartners, LLP.

The prepetition first lenders are represented by Cadwalader,
Wickersham & Taft LLP.  The prepetition second lien lenders are
represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.  The
DIP agent is represented by Milbank, Tweed, Hadley & McCloy LLP.

This is Revel AC's second trip to bankruptcy.  The company first
sought bankruptcy protection (Bankr. D.N.J. Lead Case No. 13-
16253) on March 25, 2013, with a prepackaged plan that reduced
debt by $1.25 billion.  Less than two months later on May 15,
2013, the 2013 Plan was confirmed and became effective on May 21,
2013.


ROTHSTEIN ROSENFELDT: Trustee Seeks Clarification on Claims
-----------------------------------------------------------
Law360 reported that the Michael Goldberg, the liquidation trustee
for the estate of convicted Ponzi schemer Scott Rothstein's
defunct law firm, filed an adversary case in Florida bankruptcy
court seeking clarification on possible recovery reductions for
more than $43 million worth of claims.

According to the report, Mr. Goldberg asked the court for
declaratory judgment regarding distributions of two classes of
claims held by various funds after a group of investors said
recovery reductions should be made because the funds had already
recovered money from settlements with TD Bank NA.  Mr. Goldberg
said that a group of investors led by Razorback Funding LLC, known
as the Razorback plaintiffs, asserted that reductions should be
made to distributions of the funds' class 3 and class 6 claims.

The adversary case is Goldberg v. Platinum Partners Value
Arbitrage Fund LP in the U.S. Bankruptcy Court for the Southern
District of Florida. The case number was unavailable.

                    About Rothstein Rosenfeldt

Scott Rothstein, co-founder of law firm Rothstein Rosenfeldt Adler
PA -- http://www.rra-law.com/-- was suspected of running a
$1.2 billion Ponzi scheme.  U.S. authorities claimed in a civil
forfeiture lawsuit filed Nov. 9, 2009, that Mr. Rothstein, the
firm's former chief executive officer, sold investments in non-
existent legal settlements.  Mr. Rothstein pleaded guilty to five
counts of conspiracy and wire fraud on Jan. 27, 2010.

Creditors of Rothstein Rosenfeldt Adler signed a petition sending
the Florida law firm to bankruptcy (Bankr. S.D. Fla. Case No.
09-34791).  The petitioners include Bonnie Barnett, who says she
lost $500,000 in legal settlement investments; Aran Development,
Inc., which said it lost $345,000 in investments; and trade
creditor Universal Legal, identified as a recruitment firm, which
said it is owed $7,800.  The creditors alleged being owed money
invested in lawsuit settlements.

Herbert M. Stettin, the state-court appointed receiver for
Rothstein Rosenfeldt, was officially carried over as the
Chapter 11 trustee in the involuntary bankruptcy case.

On June 10, 2010, Mr. Rothstein was sentenced to 50 years in
prison.

The official committee of unsecured creditors appointed in the
case is represented by Michael Goldberg, Esq., at Akerman
Senterfitt.

RRA won approval of an amended liquidating Chapter 11 plan
pursuant to the Court's July 17, 2013 confirmation order.  The
revised plan, filed in May, is centered around a $72.4 million
settlement payment from TD Bank NA.


SEMGROUP LP: Ex-CEO Asks 3rd Circ. to Nix Investor Fraud Suit
-------------------------------------------------------------
Law360 reported that an attorney for the former CEO of oil
distributor SemGroup LP urged the Third Circuit to block a fraud
suit brought by investors, arguing that a Delaware bankruptcy
judge properly dismissed the fraud claims as derivative of
SemGroup's Chapter 11 reorganization.

According to the report, Paul R. Bessette of King & Spalding LLP,
an attorney for former SemGroup President and CEO Thomas L.
Kivisto, asked a three-judge panel to nix a suit by several
SemGroup investors accusing Kivisto of negligent
misrepresentation, fraud and breach of fiduciary duty.  They also
say his irresponsible conduct is to blame for SemGroup's
bankruptcy, the report related.

The case is In re: SemCrude LP et al., Thomas L. Kivisto v.
Cottonwood Partnership LLP et al., case number 14-1204, in the
U.S. Court of Appeals for the Third Circuit.

                       About SemGroup, L.P.

SemGroup, L.P. -- http://www.semgrouplp.com/-- is a midstream
service company that provides diversified services for end users
and consumers of crude oil, natural gas, natural gas liquids and
refined products.  Services include purchasing, selling,
processing, transporting, terminalling and storing energy.
SemGroup serves customers in the United States, Canada, Mexico and
Wales.

SemGroup L.P. and its debtor-affiliates filed for Chapter 11
protection (Bankr. D. Del. Case No. 08-11525) on July 22, 2008.
John H. Knight, Esq., L. Katherine Good, Esq. and Mark
D. Collins, Esq., at Richards Layton & Finger; Harvey R. Miller,
Esq., Michael P. Kessler, Esq., and Sherri L. Toub, Esq., at Weil,
Gotshal & Manges LLP; and Martin A. Sosland, Esq., and Sylvia A.
Mayer, Esq., at Weil Gotshal & Manges LLP, represented the Debtors
in their restructuring efforts.  Kurtzman Carson Consultants
L.L.C. served as the Debtors' claims agent.  The Blackstone Group
L.P. and A.P. Services LLC acted as the Debtors' financial
advisors.

Margot B. Schonholtz, Esq., and Scott D. Talmadge, Esq., at Kaye
Scholer LLP; and Laurie Selber Silverstein, Esq., at Potter
Anderson & Corroon LLP, represented the Debtors' prepetition
lenders.

SemGroup L.P.'s affiliates, SemCAMS ULC and SemCanada Crude
Company, sought protection under the Companies' Creditors
Arrangement Act (Canada) on July 22, 2008.  Ernst & Young, Inc.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.

SemGroup LP won confirmation from the Bankruptcy Court of its
Fourth Amended Plan of Reorganization on Oct. 28, 2008.  The
Plan, which distributed more than $2.5 billion in value to
stakeholders, was declared effective on Nov. 30, 2008.

As part of the Plan, the Reorganized Debtors entered into two new
credit facilities aggregating $625 million in financing; entered
into a $300 million Second Lien Term Facility; created a new
corporate structure, including issuing shares of common stock and
warrants; and distributed approximately $500 million of cash and
approximately $1 billion in value of new common stock and warrants
to thousands of creditors in accordance with the Plan.


SENTINEL MANAGEMENT: Trustee Can't Wipe Out BNY Mellon's Debt
-------------------------------------------------------------
Law360 reported that a federal judge again absolved Bank of New
York Mellon Corp. of knowingly aiding the criminal fraud that
brought down investment manager Sentinel Management Group Inc.,
thwarting the Sentinel bankruptcy trustee's bid to avoid repaying
$312 million in loans.

According to the report, U.S. District Judge James B. Zagel upheld
BNYM's secured claim against the Sentinel bankruptcy estate,
finding that the bank did not deserve to be wiped out based on
loans it extended that were improperly collateralized by Sentinel
customers' segregated assets instead of by the firm's own money.

Bank of New York Mellon "could and should" have done a better job
at monitoring Sentinel's loans, but it did not act recklessly by
failing to take a closer look at its client's operations and
records, according to the opinion, the report cited.

The case is Grede v. The Bank of New York Mellon Corp. et al.,
case number 1:08-cv-02582, in the U.S. District Court for the
Northern District of Illinois.

                     About Sentinel Management

Based in Northbrook, Illinois, Sentinel Management Group Inc. --
http://www.sentinelmgi.com/-- was a full service firm offering a
variety of security solutions.  The Company filed a voluntary
Chapter 11 petition (Bankr. N.D. Ill. Case No. 07-14987) on
Aug. 17, 2007.  Ronald Barliant, Esq., Randall Klein, Esq., and
Kathryn A. Pamenter, Esq., at Goldberg, Kohn, Bell & Black
Rosenbloom & Moritz, Ltd., represented the Debtor.  Lawyers at
Quinn, Emanuel Urquhart Oliver & Hedges, LLP, represented the
Official Committee of Unsecured Creditors.  When the Debtor sought
bankruptcy protection, it estimated assets and debts of more than
$100 million.

On Aug. 28, 2007, the Court approved Frederick Grede as the
Debtor's Chapter 11 Trustee.  Marc I. Fenton, Esq., at DLA Piper
US LLP, and Vincent E. Lazar, Esq., at Jenner & Block LLP,
represent the Chapter 11 Trustee.

The Court confirmed the Fourth Amended Chapter 11 Plan of
Liquidation for Sentinel on Dec. 15, 2008, which created a
Liquidation Trust.  The Plan became effective Dec. 17, 2008, and
Mr. Grede was appointed Liquidation Trustee.


SIGA TECHNOLOGIES: Seeks Approval to Hire PwC as Auditor
--------------------------------------------------------
SIGA Technologies, Inc., asks for approval from the Bankruptcy
Court to employ PricewaterhouseCoopers LLP as its auditor.

PwC has provided a multitude of auditing and other consulting
services to the Debtor since 1997.  PwC has assisted the Debtor
with the filing of its unaudited quarterly financial statement for
the third quarter of 2014.  In addition, PwC has been reviewing
the Debtor's 2014 unaudited quarterly financial statements in
anticipation of PwC's review and audit of the Debtor's
consolidated financial statements for the year ending Dec. 31,
2014.

In the 90 days prior to the Petition Date, the Debtor paid PwC
$171,700 for services rendered in connection with the Engagement
Letter and with respect to SIGA's contractual commitments and
related matters.

PwC holds a prepetition claim against the Debtor for amounts owed
for services rendered. To the extent the application is granted,
PwC has agreed to waive any amounts that may be owed for services
rendered prior to the Petition Date.

PwC intends to apply for (a) compensation for the services set
forth in the Engagement Letter on a fixed-fee basis, with the
monthly fixed-fee amount varying from $30,000 to $55,000 during
the early months and $70,000 to $90,000 in the peak audit months,
and (b) compensation for the incremental services on an hourly
basis in accordance with PwC's ordinary and customary rates in
effect on the date such services are rendered.

Hourly rates, subject to periodic adjustments, that PwC
professionals will charge for the incremental services are as
follows:

                             Engagement Team     Specialist Hourly
Staff Class                 Hourly Billing Rate   Billing Rate
-----------                 ------------------- -----------------
Partner                       $650 to $775        $896 to $957
Managing Director/Director    $500 to $600        $668 to $767
Senior Manager                 N/A                $668 to $694
Manager                       $350 to $410        $519 to $545
Senior Associate              $230 to $275        $420 to $440
Associate                     $150 to $185        $357 to $365

Chris Pierce, a member of PwC, attests that the Firm is a
"disinterested person" as the term is defined in section 101(14)
of the Bankruptcy Code, as modified by Section 1107(b) of the
Bankruptcy Code.

                    About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

The Debtor's Chapter 11 plan and disclosure statement are due Jan.
14, 2015.  The initial case conference is due by Oct. 16, 2014.

The Debtor disclosed total assets of $131,669,746 and $7,954,645
in liabilities as of the Chapter 11 filing.


SIMPLEXITY LLC: Bankruptcy Deal OK'd Over US Trustee Objection
--------------------------------------------------------------
Sherri Toub, a bankruptcy columnist for Bloomberg News, reported
that Simplexity LLC and the official creditors' committee received
court approval of a settlement with lender Fifth Third Bank that
resolves the claims among the parties and provides for a
consensual conversion of the Chapter 11 case to a liquidation in
Chapter 7.

Law360 reported that the U.S. Trustee's office took issue with the
settlement, arguing it violates the Chapter 11 payment priority
and urging the court to immediately convert the case to a Chapter
7 proceeding.  According to the Law360 report, in a motion before
the Delaware bankruptcy court, the U.S. Trustee's Office argued
that the deal -- which does contemplate a Chapter 7 conversion
after a payment scheme for creditors is laid out -- amounts to a
"cafeteria-style" path out of bankruptcy that improperly mashes
together some of the Chapter 11 plan process with other facets of
Chapter 7 liquidation.

As previously reported by The Troubled Company Reporter, the
settlement also provides for:

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

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

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

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

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

                         About Simplexity

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

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

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


SIRRUB SERVICES: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Sirrub Services Inc.
           D/B/A Golden Krust Caribbean Bakery & Grill
        9421 Foster Avenue
        Brooklyn, NY 11236

Case No.: 14-46370

Chapter 11 Petition Date: December 19, 2014

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

Judge: Hon. Elizabeth S. Stong

Debtor's Counsel: Arlene Gordon-Oliver, Esq.
                  ARLENE GORDON-OLIVER PC
                  50 Main Street, Suite 1000
                  White Plains, NY 10606
                  Tel: 914-682-2113
                  Fax: 914-682-2114
                  Email: ago@gordonoliverlaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Donald Burris, president.

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


STANFORD GROUP: BNY's Pershing Can't Escape Ponzi Suit
------------------------------------------------------
Law360 reported that Bank of New York Mellon Corp. subsidiary
Pershing LLC failed to beat back most of a putative class action
over its role as clearing broker in Allen Stanford's alleged $7
billion Ponzi scheme, as a Texas federal judge rejected Pershing's
argument that it was too distant from the alleged crime to be held
liable.

According to the report, the plaintiffs, alleged victims of
Stanford's historic Ponzi scheme, launched the suit in 2009,
accusing Pershing of aiding the massive fraud perpetrated through
Stanford Group Co.

The case is Turk et al v. Pershing LLC, Case No. 3:09-cv-02199
(N.D. Tex.).

                       About Stanford Group

The Stanford Financial Group was a privately held international
group of financial services companies controlled by Allen
Stanford, until it was seized by United States (U.S.) authorities
in early 2009.

Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under
management or advisement.  Stanford Private Wealth Management
served more than 70,000 clients in 140 countries.

On Feb. 16, 2009, the United States District Court for the
Northern District of Texas, Dallas Division, signed an order
appointing Ralph Janvey as receiver for all the assets and
records of Stanford International Bank, Ltd., Stanford Group
Company, Stanford Capital Management, LLC, Robert Allen Stanford,
James M. Davis and Laura Pendergest-Holt and of all entities they
own or control.  The February 16 order, as amended March 12,
2009, directs the Receiver to, among other things, take control
and possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.

The case in district court was Securities and Exchange Commission
v. Securities Investor Protection Corp., 11-mc-00678, U.S.
District Court, District of Columbia (Washington).

The U.S. Securities and Exchange Commission, on Feb. 17, charged
before the U.S. District Court in Dallas, Texas, Mr. Stanford and
three of his companies for orchestrating a fraudulent, multi-
billion dollar investment scheme centering on an US$8 billion
Certificate of Deposit program.

A criminal case was pursued against him in June before the U.S.
District Court in Houston, Texas.  Mr. Stanford pleaded not
guilty to 21 charges of multi-billion dollar fraud, money-
laundering and obstruction of justice.  Assistant Attorney
General Lanny Breuer, as cited by Agence France-Presse News, said
in a 57-page indictment that Mr. Stanford could face up to 250
years in prison if convicted on all charges.  Mr. Stanford
surrendered to U.S. authorities after a warrant was issued for
his arrest on the criminal charges.


STOCKTON, CA: Judge Denies Franklin Bid to Reduce Retiree Claims
----------------------------------------------------------------
Law360 reported that a California bankruptcy judge rebuffed
Franklin Templeton Investments' request to trim retiree health
benefit claims under the city of Stockton's Chapter 9 plan by more
than $280 million, a move that would have slightly boosted the
investment firm's recovery.

According to the report, U.S. Bankruptcy Judge Christopher Klein
Franklin denied Franklin's motion to amend, which asked the court
to reduce the amount of allowed retiree claims from approximately
$545 million to a present value of $261.9 million, saying it was a
"close question" but that he wasn't convinced it was necessary
under the Bankruptcy Code.

As previously reported by The Troubled Company Reporter, citing
Law360, Stockton urged Judge Klein to reject a call from creditor
Franklin to trim retiree health benefits claims allowed under the
city's Chapter 9 exit plan by more than $280 million, saying that
there is no legal basis for a reduction.  Law360 recalled that
Franklin has asked the court to revise the amount of allowed
retiree claims from approximately $545 million to the present
value of $261.9 million, a move the city contends is not required
under the Bankruptcy Code.

                     About Stockton, Calif.

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

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

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

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

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

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

                           *     *     *

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

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

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


SUMMERFIELD AT SNOW HILL: Case Summary & 5 Top Unsec. Creditors
---------------------------------------------------------------
Debtor: Summerfield at Snow Hill Community Partnership, LLC
        4938 Hampden Lane, Suite 326
        Bethesda, MD 20814

Case No.: 14-29290

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 19, 2014

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

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: Augustus T Curtis, Esq.
                  COHEN, BALDINGER & GREENFELD, LLC
                  2600 Tower Oaks Blvd., Suite 103
                  Rockville, MD 20852
                  Tel: (301) 881-8300
                  Fax: (301) 881-8350
                  Email: augie.curtis@cohenbaldinger.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard Cantor, manager.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/mdb14-29290.pdf


TRUMP ENTERTAINMENT: CEO Says Union Killed Deal to Save Casino
--------------------------------------------------------------
Law360 reported that Robert F. Griffin, the CEO of bankrupt Trump
Entertainment Resorts Inc., claimed that the union representing
workers at the Taj Mahal backed out of what he thought was a deal
to keep the casino open, and said the gaming property could close
unless Unite Here Local 54 changes its mind.

                 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: To Stay Open Into New Year, Lawyer Says
------------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
the Trump Taj Mahal will remain in operation through Christmas and
into the New Year, due to a $20 million loan from secured lender
Carl Icahn, a lawyer for the casino operator said.

According to the report, Erez Gilad, attorney for Trump
Entertainment Resorts Inc., told U.S. Bankruptcy Judge Kevin Gross
the new financing from Mr. Icahn will avert a shutdown of the
Atlantic City Boardwalk casino while efforts continue to preserve
it over the long term.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the Official Committee of Unsecured Creditors,
for the time being, is keeping its powder dry, saying the loan
agreement now on file is unrealistic because it has several plan-
confirmation deadlines that already passed.  Not knowing the
contours of financing, the committee is reserving its right to
object, the Bloomberg 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.


TURF LLC: Case Summary & 7 Largest Unsecured Creditors
------------------------------------------------------
Debtor: Turf LLC
        741 East Washington Street
        Charles Town, wv 25414-1082

Case No.: 14-01361

Chapter 11 Petition Date: December 19, 2014

Court: United states Bankruptcy Court
       Northern District of West Virginia (Martinsburg)

Debtor's Counsel: John F. Wiley, Esq.
                  J. FREDERICK WILEY, PLLC
                  180 Chancery Row
                  Morgantown, WV 26505
                  Tel: (304) 906-7929
                  Fax: 304-296-6761
                  Email: JohnFWiley@aol.com

Total Assets: $3.61 million

Total Liabilities: $3.26 million

The petition was signed by Ronald E. Marcus, member.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/wvnb14-01361.pdf


ULTIMATE NUTRITION: Nutritional Supplements Seller Files Ch.11
--------------------------------------------------------------
Ultimate Nutrition, Inc., and Prostar, Inc., the distributor of
nutritional supplements that are being sold in more than 100
countries, have sought bankruptcy protection due to a dispute with
the bank providing the financing.

Ultimate Nutrition says the business is operationally sound and
over the years, it has sponsored many well-known athletes and
celebrities and, from 2009 to the present, has been the title
sponsor of the Mr. Olympia bodybuilding contest, which became
prominent after helping launch the career of Arnold
Schwarzenegger.

As of the bankruptcy filing, the Debtors owe T.D. Bank, N.A.,
$8 million on a revolving loan, $2.42 million on a term loan,
$1.66 million on an export revolving line of credit, and
$1.08 million on an equipment loan, and $1.25 million on a
guarantee of obligations of VHR Development, LLC.

                         Road to Bankruptcy

Irve J. Goldman, Esq., at Pullman & Comley, in Bridgeport,
Connecticut, counsel to the Debtors, recounts that in early 2012,
the Debtors expanded their lending relationship with TD by taking
out an equipment loan, terming out a portion of the debt on their
line of credit, and increasing the availability on the line of
credit. Prior to expanding their debt structure with TD, the
Debtors explained to TD that due to increased regulatory
enforcement activity and labor strife experienced in 2011, 2012
would be a rebuilding year for the Debtors and that TD should not
expect the same financial results from the Debtors as in the past.
TD went along with the 2012 debt expansion nonetheless.

The Debtors first experienced strife with TD after they hired a
Chief Financial Officer who was highly recommended for them by
their loan officer at TD. Shortly thereafter, it was discovered
that the individual hired was grossly incompetent and engaged in
sexual harassment and other inappropriate behavior. As a result,
he was terminated.  Since that time, the Debtors' relationship
with TD deteriorated.

In 2013, TD placed the Debtors in default due to non-compliance
with certain financial covenants in the loan documents (even
though the Debtors had not missed a single payment to TD on any of
their loan facilities) and transferred the lending relationship to
the workout division of the bank.

Since being transferred to loan workout, the Debtors have been
subjected to onerous financial, reporting and other demands by TD,
including the demand that the Debtors arrange for a refinancing of
TD's entire indebtedness in the approximate amount of $13 million,
under threat of enforcement action by TD.  Although the parties
entered into several forbearance agreements, at a substantial cost
to the Debtors, while the Debtors were searching for refinancing
sources, the latest one expired on Dec. 15, 2014.  During that
entire period of time, the Debtors made all loan and other
payments that were required by TD.

The loan workout process and refinancing search imposed upon the
Debtors by TD, as it has progressed, has created substantial
instability, uncertainty and financial strain for the Debtor's
business and, as a result, the Debtors filed for protection under
Chapter 11 of the Bankruptcy Code.

                        $45 Mil. in Sales

The Debtors say they are operationally sound and historically,
have operated at a profit.  More recently, the Debtors, on a
consolidated basis, generated net income of $500,000 on gross
sales of $44.6 million in 2013, net income of $2.6 million on
gross sales of $51.5 million in 2011 and net income of $1.4
million on gross sales of $48 million in 2010. In the year 2012,
which was an aberration, the Debtors suffered a loss of $1 million
on gross sales of $47 million, primarily as a result of millions
of dollars of one-time temporary labor charges incurred due to
labor strife and onerous regulatory requirements.

                         First Day Motions

The Debtors on the Petition Date filed motions to:

   -- jointly administer their Chapter 11 cases;
   -- use cash collateral; and
   -- pay prepetition payroll.

The Debtors are seeking expedited consideration of the first day
motions.

                     About Ultimate Nutrition

Ultimate Nutrition, Inc., develops and distributes nutritional
supplements for body building, enhanced athletic performance and
fitness.  The products are sold worldwide in over 100 countries.
The business was founded in 1979 by the late Victor H. Rubino, one
of the top amateur power lifters in the United States at that
time.  The company has two facilities located in Farmington,
Connecticut, one product distribution center in New Britain,
Connecticut and a research and development center in West Palm
Beach, Florida.

Ultimate Nutrition and affiliate Prostar, Inc., sought Chapter 11
bankruptcy protection (Bankr. D. Conn. Case Nos. 14-22402 and
14-22403) on Dec. 17, 2014.

The Debtors have tapped Pullman & Comley, in Bridgeport,
Connecticut, as counsel; LaQuerre Michaud & Company, LLC, as
accountant; and Marcum LLP, as financial advisor.

Ultimate Nutrition estimated $10 million to $50 million in assets
and debt.  The schedules of assets and liabilities and statement
of financial affairs are due Dec. 31, 2014.

The 11 U.S.C. Sec. 341(a) meeting of creditors is slated for Jan.
14, 2015.  The deadline to file claims is April 14, 2015.


ULTIMATE NUTRITION: Seeks to Use TD Bank's Cash Collateral
----------------------------------------------------------
Ultimate Nutrition, Inc., and Prostar, Inc., ask the Bankruptcy
Court to enter interim and final orders authorizing the use of
cash collateral ion which T.D. Bank N.A. has a perfected security
interest.

As of the bankruptcy filing, the Debtors owe T.D. Bank $8 million
on a revolving loan, $2.42 million on a term loan, $1.66 million
on an export revolving line of credit, and $1.08 million on an
equipment loan, and $1.25 million on a guarantee of obligations of
VHR Development, LLC.

Irve J Goldman, Esq., at Pullman & Comley, in Bridgeport,
Connecticut, counsel to the Debtors, tells the Court that given
the purported encumbrances upon substantially all of the Debtors'
assets, the Debtors will be unable to continue their business
operations absent some form of immediate relief from the Court.
Without immediate relief, the Debtors will be unable to fund the
day-today operations that are essential to the Debtors' continued
existence as a going concern to the detriment of their estates, To
meet their ongoing financing needs, the Debtors seek Court
authority to use their cash collateral.

According to Mr. Goldman, if the Debtors are unable to pay in the
ordinary course, among other things, their employees, suppliers,
utilities and landlords, the Debtors will be forced to cease
operations and convert their cases to Chapter 7.

The Debtors' business is profitable. In 2013, the Debtors
generated in excess of $2 million in EBITDA and, the Debtors
expect to continue to operate on a cash positive basis.  While the
constituencies' disputes are resolved in the Chapter 11 cases, it
is in all parties' best interest to preserve the Debtors' business
as a going concern.

The Debtors seek entry of an interim order authorizing
disbursement of cash collateral through January 2015, subject to a
budget.

As adequate protection, the Debtors propose to grant TD with
replacement liens and an allowed administrative expense claim.
The replacement liens and the administrative claim are subordinate
to payment of (i) up to $100,000 in fees owed to retained
professionals postpetition, (ii) quarterly fees owed to the U.S.
Trustee, and (c) any unpaid wages owed by the Debtors.


ULTIMATE NUTRITION: Asks for Joint Administration of Cases
----------------------------------------------------------
Ultimate Nutrition, Inc., and Prostar, Inc., move for entry of an
order by the Bankruptcy Court pursuant to Rule 1015(b) of the
Federal Rules of Bankruptcy Procedure, directing joint
administration of their Chapter 11 cases.  In light of the
ownership and operational interrelationship between the Debtors,
joint administration of the Debtors cases is appropriate, counsel
to the Debtors state in court papers.  The Court will be relieved
of the burden of entering duplicate orders and keeping duplicate
files, they added.

                     About Ultimate Nutrition

Ultimate Nutrition, Inc., develops and distributes nutritional
supplements for body building, enhanced athletic performance and
fitness.  The products are sold worldwide in over 100 countries.
The business was founded in 1979 by the late Victor H. Rubino, one
of the top amateur power lifters in the United States at that
time.  The company has two facilities located in Farmington,
Connecticut, one product distribution center in New Britain,
Connecticut and a research and development center in West Palm
Beach, Florida.

Ultimate Nutrition and affiliate Prostar, Inc., sought Chapter 11
bankruptcy protection (Bankr. D. Conn. Case Nos. 14-22402 and
14-22403) on Dec. 17, 2014.

The Debtors have tapped Pullman & Comley, in Bridgeport,
Connecticut, as counsel; LaQuerre Michaud & Company, LLC, as
accountant; and Marcum LLP, as financial advisor.

Ultimate Nutrition estimated $10 million to $50 million in assets
and debt.  The schedules of assets and liabilities and statement
of financial affairs are due Dec. 31, 2014.

The 11 U.S.C. Sec. 341(a) meeting of creditors is slated for Jan.
14, 2015.  The deadline to file claims is April 14, 2015.


* Jury Awards Highland Capital $40MM in Suit vs. Credit Suisse
--------------------------------------------------------------
Patrick Fitzgerald, writing for The Wall Street Journal, reported
that a Texas jury awarded hedge-fund firm Highland Capital
Management $40 million in its lawsuit against Credit Suisse over
inflated appraisals of a dozen luxury properties like golf
communities and ski resorts during the mid-2000s.

According to the report, Highland sued Credit Suisse in July 2013
in state district court in Dallas, alleging the bank improperly
inflated the value of the communities to entice investors.
Highland's Claymore Holdings LLC also is seeking another $300
million in connection with the jury's finding that Credit Suisse
committed fraud, the Journal said.  That case is slated for trial
next year, the Journal added.


* Proposed Fixes Would Try to Make Bankruptcy Cheaper
-----------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that
experts who want to fix the nation's bankruptcy laws so that more
struggling companies survive kept an important question in mind
during their two-year project on reform: What's the point of
fixing bankruptcy law if companies can't afford to use it?

According to the report, some of the country's top restructuring
lawyers, professors and advisers who released a nearly-400-page
report earlier this month made it clear that, aside from
strengthening tools for a bankrupt company, they want to make the
process cheaper.


* Daniel J. Casamatta Appointed Acting U.S. Trustee for Region 13
-----------------------------------------------------------------
Daniel J. Casamatta has been appointed by Attorney General Eric
Holder as Acting U.S. Trustee for Arkansas, Missouri and Nebraska
(Region 13), effective on January 1, 2015, the Executive Office
for U.S. Trustees announced. Mr. Casamatta replaces Nancy J.
Gargula, the U.S. Trustee for Region 10 (Indiana and Central and
Southern Illinois), who concurrently has served as the U.S.
Trustee for Region 13 since 2006.

Mr. Casamatta has served as the Assistant U.S. Trustee in the
Kansas City, Mo., office of the U.S. Trustee Program (USTP) since
2008. Prior to that appointment, he served as Assistant U.S.
Trustee in Grand Rapids, Mich., for 18 years, and for periods of
time was also the Acting Assistant U.S. Trustee in Indianapolis
and the Acting Chief of the USTP's National Bankruptcy Training
Institute located in the National Advocacy Center in Columbia,
S.C. Mr. Casamatta currently leads the USTP's Data Integrity Group
to ensure the accuracy and completeness of data in the Program's
enforcement reporting systems. Before joining the USTP more than
26 years ago, Mr. Casamatta engaged in the private practice of law
in Cleveland, specializing in commercial litigation and bankruptcy
matters. He received his law degree from Case Western Reserve
University Law School in Cleveland, and his undergraduate degree
from Cleveland State University.

The USTP is the component of the Justice Department that protects
the integrity of the bankruptcy system by overseeing case
administration and litigating to enforce the bankruptcy laws. The
USTP has 21 regions and 93 field office locations. Region 13 is
headquartered in Kansas City, Mo., with additional offices in
Little Rock, Ark., and Omaha, Neb.


* Andrew R. Vara Appointed Acting U.S. Trustee for Region 3
-----------------------------------------------------------
Andrew R. Vara has been appointed by Attorney General Eric Holder
as Acting U.S. Trustee for Delaware, New Jersey and Pennsylvania
(Region 3), effective on January 1, 2015, the Executive Office for
U.S. Trustees announced.  Mr. Vara replaces Roberta A. DeAngelis,
who is retiring after more than 15 years with the U.S. Trustee
Program (USTP), including more than eight years as Region 3 U.S.
Trustee or Acting U.S. Trustee.

Mr. Vara has served as the Assistant U.S. Trustee in the USTP's
Cleveland office since 2008. He also previously has headed the
USTP's offices in Wilmington, Del., and Manhattan, as Assistant
U.S. Trustee and Acting Assistant U.S. Trustee, respectively. He
frequently serves as a faculty member and lecturer at the USTP's
National Bankruptcy Training Institute located in the National
Advocacy Center in Columbia, S.C. Mr. Vara serves as co-chair of
education for the American Bankruptcy Institute's (ABI) Ethics and
Professional Compensation Committee and recently served as a
member of the ABI's Ethics Task Force. Before joining the USTP
more than 20 years ago, he clerked for Hon. Laurence Howard, Chief
Judge of the U.S. Bankruptcy Court in the Western District of
Michigan. Mr. Vara received his law degree with honors from Ohio
State University Moritz College of Law in Columbus, Ohio, where he
was awarded membership in the Order of the Coif, and his
undergraduate degree magna cum laude from Duke University in
Durham, N.C.

The USTP is the component of the Justice Department that protects
the integrity of the bankruptcy system by overseeing case
administration and litigating to enforce the bankruptcy laws. The
USTP has 21 regions and 93 field office locations. Region 3 is
headquartered in Philadelphia, with additional offices in
Wilmington, Del.; Newark, New Jersey; and Harrisburg and
Pittsburgh, Pa.


* Large Companies With Insolvent Balance Sheet
----------------------------------------------

                                          Total
                                          Share-     Total
                               Total      Holders'   Working
                               Assets     Equity     Capital
  Company         Ticker       ($MM)      ($MM)      ($MM)

6D GLOBAL TECHNO  SIXD US            -        (15.1)     (15.1)
ABSOLUTE SOFTWRE  ALSWF US         138.4      (12.0)       2.2
ABSOLUTE SOFTWRE  ABT CN           138.4      (12.0)       2.2
ABSOLUTE SOFTWRE  OU1 GR           138.4      (12.0)       2.2
ADVANCED EMISSIO  ADES US          106.4      (46.1)     (15.3)
ADVANCED EMISSIO  OXQ1 GR          106.4      (46.1)     (15.3)
ADVENT SOFTWARE   ADVS US          432.9      (76.3)    (106.9)
ADVENT SOFTWARE   AXQ GR           432.9      (76.3)    (106.9)
AIR CANADA        ACEUR EU      10,545.0   (1,400.0)     164.0
AIR CANADA        ADH2 TH       10,545.0   (1,400.0)     164.0
AIR CANADA        ADH2 GR       10,545.0   (1,400.0)     164.0
AIR CANADA        AIDEF US      10,545.0   (1,400.0)     164.0
AIR CANADA        ACDVF US      10,545.0   (1,400.0)     164.0
AIR CANADA        AC CN         10,545.0   (1,400.0)     164.0
AIR CANADA-CL A   AIDIF US      10,545.0   (1,400.0)     164.0
ALLIANCE HEALTHC  AIQ US           473.5     (127.3)      62.8
AMC NETWORKS-A    9AC GR         3,663.3     (388.0)     659.4
AMC NETWORKS-A    AMCX US        3,663.3     (388.0)     659.4
AMC NETWORKS-A    AMCX* MM       3,663.3     (388.0)     659.4
AMER RESTAUR-LP   ICTPU US          33.5       (4.0)      (6.2)
AMYLIN PHARMACEU  AMLN US        1,998.7      (42.4)     263.0
ANGIE'S LIST INC  ANGI US          161.0      (39.4)     (22.7)
ANGIE'S LIST INC  8AL GR           161.0      (39.4)     (22.7)
ANGIE'S LIST INC  8AL TH           161.0      (39.4)     (22.7)
ARRAY BIOPHARMA   AR2 TH           135.3      (37.6)      66.2
ARRAY BIOPHARMA   ARRY US          135.3      (37.6)      66.2
ARRAY BIOPHARMA   AR2 GR           135.3      (37.6)      66.2
AUTOZONE INC      AZ5 GR         7,717.1   (1,662.8)  (1,383.4)
AUTOZONE INC      AZ5 TH         7,717.1   (1,662.8)  (1,383.4)
AUTOZONE INC      AZOEUR EU      7,717.1   (1,662.8)  (1,383.4)
AUTOZONE INC      AZO US         7,717.1   (1,662.8)  (1,383.4)
AUTOZONE INC      AZ5 QT         7,717.1   (1,662.8)  (1,383.4)
AVALANCHE BIOTEC  AVU GR           167.2      155.7      161.9
AVALANCHE BIOTEC  AAVL US          167.2      155.7      161.9
AVID TECHNOLOGY   AVID US          197.2     (341.2)    (173.2)
BENEFITFOCUS INC  BTF GR           131.7      (31.2)      34.2
BENEFITFOCUS INC  BNFT US          131.7      (31.2)      34.2
BERRY PLASTICS G  BP0 GR         5,268.0     (101.0)     665.0
BERRY PLASTICS G  BERY US        5,268.0     (101.0)     665.0
BRP INC/CA-SUB V  B15A GR        2,115.5       (9.5)     184.7
BRP INC/CA-SUB V  BRPIF US       2,115.5       (9.5)     184.7
BRP INC/CA-SUB V  DOO CN         2,115.5       (9.5)     184.7
BURLINGTON STORE  BUI GR         2,796.9     (167.9)      77.6
BURLINGTON STORE  BURL US        2,796.9     (167.9)      77.6
CABLEVISION SY-A  CVC US         6,563.7   (5,068.0)     158.9
CABLEVISION SY-A  CVY GR         6,563.7   (5,068.0)     158.9
CABLEVISION-W/I   8441293Q US    6,563.7   (5,068.0)     158.9
CABLEVISION-W/I   CVC-W US       6,563.7   (5,068.0)     158.9
CADIZ INC         CDZI US           56.0      (49.7)       3.0
CADIZ INC         2ZC GR            56.0      (49.7)       3.0
CAESARS ENTERTAI  CZR US        24,491.5   (3,714.4)   1,363.3
CAESARS ENTERTAI  C08 GR        24,491.5   (3,714.4)   1,363.3
CAPMARK FINANCIA  CPMK US       20,085.1     (933.1)       -
CENTENNIAL COMM   CYCL US        1,480.9     (925.9)     (52.1)
CHOICE HOTELS     CHH US           664.2     (397.0)     206.0
CHOICE HOTELS     CZH GR           664.2     (397.0)     206.0
CIENA CORP        CIE1 QT        2,072.6      (69.6)     912.1
CIENA CORP        CIE1 TH        2,072.6      (69.6)     912.1
CIENA CORP        CIEN US        2,072.6      (69.6)     912.1
CIENA CORP        CIEN TE        2,072.6      (69.6)     912.1
CIENA CORP        CIE1 GR        2,072.6      (69.6)     912.1
CINCINNATI BELL   CBB US         1,952.6     (584.4)      50.1
CIVITAS SOLUTION  CIVI US        1,031.5      (62.0)      66.1
CIVITAS SOLUTION  1CI GR         1,031.5      (62.0)      66.1
CLEAR CHANNEL-A   C7C GR         6,383.9     (132.6)     376.9
CLEAR CHANNEL-A   CCO US         6,383.9     (132.6)     376.9
CLIFFS NATURAL R  CVA GR         4,811.2     (177.3)     242.3
CLIFFS NATURAL R  CVA TH         4,811.2     (177.3)     242.3
CLIFFS NATURAL R  CLF* MM        4,811.2     (177.3)     242.3
CLIFFS NATURAL R  CLF US         4,811.2     (177.3)     242.3
COMVERSE INC      CNSI US          649.6       (2.8)       4.3
COMVERSE INC      CM1 GR           649.6       (2.8)       4.3
CONNECTURE INC    2U7 GR            85.8      (67.7)     (55.8)
CONNECTURE INC    CNXR US           85.8      (67.7)     (55.8)
CORCEPT THERA     CORT US           37.2       (1.3)      19.9
CORINDUS VASCULA  CVRS US            0.0       (0.0)      (0.0)
CVSL INC          CVSL US           66.0       (4.7)       2.8
DEX MEDIA INC     DXM US         1,898.0     (918.0)     133.0
DIPLOMAT PHARMAC  DPLO US          338.9       30.1      (43.4)
DIPLOMAT PHARMAC  7DP TH           338.9       30.1      (43.4)
DIPLOMAT PHARMAC  7DP GR           338.9       30.1      (43.4)
DIRECTV           DTVEUR EU     22,594.0   (5,557.0)      43.0
DIRECTV           DIG1 GR       22,594.0   (5,557.0)      43.0
DIRECTV           DTV US        22,594.0   (5,557.0)      43.0
DIRECTV           DTV CI        22,594.0   (5,557.0)      43.0
DOMINO'S PIZZA    EZV GR           510.9   (1,281.7)     112.9
DOMINO'S PIZZA    EZV QT           510.9   (1,281.7)     112.9
DOMINO'S PIZZA    EZV TH           510.9   (1,281.7)     112.9
DOMINO'S PIZZA    DPZ US           510.9   (1,281.7)     112.9
DUN & BRADSTREET  DB5 GR         1,789.2   (1,083.4)      (0.3)
DUN & BRADSTREET  DB5 TH         1,789.2   (1,083.4)      (0.3)
DUN & BRADSTREET  DNB US         1,789.2   (1,083.4)      (0.3)
DURATA THERAPEUT  DRTX US           82.1      (16.1)      11.7
DURATA THERAPEUT  DTA GR            82.1      (16.1)      11.7
DURATA THERAPEUT  DRTXEUR EU        82.1      (16.1)      11.7
EDGEN GROUP INC   EDG US           883.8       (0.8)     409.2
EMPIRE RESORTS I  NYNY US           42.4      (14.3)      (9.9)
EMPIRE RESORTS I  LHC1 GR           42.4      (14.3)      (9.9)
EOS PETRO INC     EOPT US            1.3      (28.4)     (29.5)
EXTENDICARE INC   EXETF US       1,885.0       (7.2)      77.0
EXTENDICARE INC   EXE CN         1,885.0       (7.2)      77.0
FAIRPOINT COMMUN  FRP US         1,488.5     (395.7)       9.4
FAIRPOINT COMMUN  FONN GR        1,488.5     (395.7)       9.4
FERRELLGAS-LP     FEG GR         1,680.4     (138.8)     (37.1)
FERRELLGAS-LP     FGP US         1,680.4     (138.8)     (37.1)
FMSA HOLDINGS IN  FM1 GR         1,447.5      (21.7)     271.3
FMSA HOLDINGS IN  FMSAEUR EU     1,447.5      (21.7)     271.3
FMSA HOLDINGS IN  FMSA US        1,447.5      (21.7)     271.3
FREESCALE SEMICO  1FS TH         3,306.0   (3,593.0)   1,333.0
FREESCALE SEMICO  1FS GR         3,306.0   (3,593.0)   1,333.0
FREESCALE SEMICO  FSL US         3,306.0   (3,593.0)   1,333.0
FRESHPET INC      FRPT US           74.5      (34.2)       1.2
FRESHPET INC      7FP GR            74.5      (34.2)       1.2
FRESHPET INC      FRPTEUR EU        74.5      (34.2)       1.2
GAMING AND LEISU  2GL GR         2,595.4      (77.9)     (44.2)
GAMING AND LEISU  GLPI US        2,595.4      (77.9)     (44.2)
GARDA WRLD -CL A  GW CN          1,469.2      (59.0)     205.0
GENCORP INC       GCY GR         1,749.7      (48.5)      70.2
GENCORP INC       GY US          1,749.7      (48.5)      70.2
GENTIVA HEALTH    GHT GR         1,225.2     (285.2)     130.0
GENTIVA HEALTH    GTIV US        1,225.2     (285.2)     130.0
GLG PARTNERS INC  GLG US           400.0     (285.6)     156.9
GLG PARTNERS-UTS  GLG/U US         400.0     (285.6)     156.9
GLOBALSTAR INC    GSAT US        1,320.0      (14.5)      (9.8)
GOLD RESERVE INC  GDRZF US          28.0      (10.5)       4.9
GOLD RESERVE INC  GRZ CN            28.0      (10.5)       4.9
GRAHAM PACKAGING  GRM US         2,947.5     (520.8)     298.5
GYMBOREE CORP/TH  GYMB US        1,284.0     (321.3)      39.5
HCA HOLDINGS INC  HCA US        29,825.0   (6,018.0)   2,895.0
HCA HOLDINGS INC  2BH TH        29,825.0   (6,018.0)   2,895.0
HCA HOLDINGS INC  2BH GR        29,825.0   (6,018.0)   2,895.0
HD SUPPLY HOLDIN  HDS US         6,523.0     (657.0)   1,396.0
HD SUPPLY HOLDIN  5HD GR         6,523.0     (657.0)   1,396.0
HERBALIFE LTD     HLF US         2,364.5     (420.6)     508.8
HERBALIFE LTD     HOO GR         2,364.5     (420.6)     508.8
HERBALIFE LTD     HLFEUR EU      2,364.5     (420.6)     508.8
HOVNANIAN ENT-A   HOV US         2,289.9     (117.8)   1,403.7
HOVNANIAN ENT-A   HO3 GR         2,289.9     (117.8)   1,403.7
HOVNANIAN ENT-B   HOVVB US       2,289.9     (117.8)   1,403.7
HOVNANIAN-A-WI    HOV-W US       2,289.9     (117.8)   1,403.7
HUBSPOT INC       HUBS US           52.1       (5.3)     (22.1)
HUBSPOT INC       096 GR            52.1       (5.3)     (22.1)
HUGHES TELEMATIC  HUTCU US         110.2     (101.6)    (113.8)
IHEARTMEDIA INC   IHRT US       14,306.0   (9,506.2)   1,003.2
INCYTE CORP       ICY TH           785.3      (89.6)     538.0
INCYTE CORP       ICY GR           785.3      (89.6)     538.0
INCYTE CORP       INCY US          785.3      (89.6)     538.0
INFOR US INC      LWSN US        6,778.1     (460.0)    (305.9)
INTERCORE INC     ICOR US            0.4       (1.7)      (1.7)
IPCS INC          IPCS US          559.2      (33.0)      72.1
ISTA PHARMACEUTI  ISTA US          124.7      (64.8)       2.2
JUST ENERGY GROU  1JE GR         1,570.4     (311.6)     159.7
JUST ENERGY GROU  JE CN          1,570.4     (311.6)     159.7
JUST ENERGY GROU  JE US          1,570.4     (311.6)     159.7
L BRANDS INC      LTD GR         7,149.0     (433.0)   1,050.0
L BRANDS INC      LBEUR EU       7,149.0     (433.0)   1,050.0
L BRANDS INC      LTD TH         7,149.0     (433.0)   1,050.0
L BRANDS INC      LB US          7,149.0     (433.0)   1,050.0
LEAP WIRELESS     LWI GR         4,662.9     (125.1)     346.9
LEAP WIRELESS     LEAP US        4,662.9     (125.1)     346.9
LEAP WIRELESS     LWI TH         4,662.9     (125.1)     346.9
LEE ENTERPRISES   LEE US           811.3     (177.5)     (22.6)
LORILLARD INC     LO US          3,275.0   (2,155.0)     918.0
LORILLARD INC     LLV TH         3,275.0   (2,155.0)     918.0
LORILLARD INC     LLV GR         3,275.0   (2,155.0)     918.0
MANNKIND CORP     NNF1 TH          386.8      (40.7)    (100.3)
MANNKIND CORP     MNKD US          386.8      (40.7)    (100.3)
MANNKIND CORP     NNF1 GR          386.8      (40.7)    (100.3)
MARRIOTT INTL-A   MAQ GR         6,847.0   (1,842.0)  (1,186.0)
MARRIOTT INTL-A   MAQ TH         6,847.0   (1,842.0)  (1,186.0)
MARRIOTT INTL-A   MAR US         6,847.0   (1,842.0)  (1,186.0)
MDC COMM-W/I      MDZ/W CN       1,707.3      (86.7)    (256.5)
MDC PARTNERS-A    MD7A GR        1,707.3      (86.7)    (256.5)
MDC PARTNERS-A    MDCA US        1,707.3      (86.7)    (256.5)
MDC PARTNERS-A    MDZ/A CN       1,707.3      (86.7)    (256.5)
MDC PARTNERS-EXC  MDZ/N CN       1,707.3      (86.7)    (256.5)
MERITOR INC       AID1 GR        2,502.0     (585.0)     254.0
MERITOR INC       MTOR US        2,502.0     (585.0)     254.0
MERRIMACK PHARMA  MP6 GR           188.6      (99.9)      40.9
MERRIMACK PHARMA  MACK US          188.6      (99.9)      40.9
MICHAELS COS INC  MIM GR         2,030.0   (2,269.0)     409.0
MICHAELS COS INC  MIK US         2,030.0   (2,269.0)     409.0
MONEYGRAM INTERN  MGI US         4,600.2     (157.2)      87.1
MORGANS HOTEL GR  MHGC US          632.3     (221.3)      89.3
MORGANS HOTEL GR  M1U GR           632.3     (221.3)      89.3
MOXIAN CHINA INC  MOXC US            4.9       (1.2)      (4.0)
MPG OFFICE TRUST  1052394D US    1,280.0     (437.3)       -
NATIONAL CINEMED  NCMI US          993.6     (200.2)      51.8
NATIONAL CINEMED  XWM GR           993.6     (200.2)      51.8
NAVISTAR INTL     IHR TH         7,443.0   (4,618.0)     782.0
NAVISTAR INTL     IHR GR         7,443.0   (4,618.0)     782.0
NAVISTAR INTL     NAV US         7,443.0   (4,618.0)     782.0
NEFF CORP-CL A    NEFF US          612.1     (343.7)      (1.5)
NEW ENG RLTY-LP   NEN US           178.9      (25.9)       -
NORTHWEST BIO     NWBO US           29.4      (31.2)     (41.7)
NORTHWEST BIO     NBYA GR           29.4      (31.2)     (41.7)
OMEROS CORP       3O8 GR            25.3      (26.6)       9.0
OMEROS CORP       OMER US           25.3      (26.6)       9.0
OMTHERA PHARMACE  OMTH US           18.3       (8.5)     (12.0)
PALM INC          PALM US        1,007.2       (6.2)     141.7
PBF LOGISTICS LP  11P GR           360.0      (47.3)      15.6
PBF LOGISTICS LP  PBFX US          360.0      (47.3)      15.6
PHILIP MORRIS IN  PM1CHF EU     35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN  4I1 TH        35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN  PM1 TE        35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN  PM US         35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN  PM1EUR EU     35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN  PM FP         35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN  PMI SW        35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN  4I1 GR        35,401.0   (8,677.0)    (356.0)
PLAYBOY ENTERP-A  PLA/A US         165.8      (54.4)     (16.9)
PLAYBOY ENTERP-B  PLA US           165.8      (54.4)     (16.9)
PLY GEM HOLDINGS  PG6 GR         1,304.9      (73.5)     238.9
PLY GEM HOLDINGS  PGEM US        1,304.9      (73.5)     238.9
PROTALEX INC      PRTX US            0.8       (9.1)       0.4
PROTECTION ONE    PONE US          562.9      (61.8)      (7.6)
PROTEON THERAPEU  PRTO US           24.2        9.6       19.3
QUALITY DISTRIBU  QDZ GR           439.6      (30.4)     105.2
QUALITY DISTRIBU  QLTY US          439.6      (30.4)     105.2
QUINTILES TRANSN  QTS GR         3,106.7     (536.2)     511.8
QUINTILES TRANSN  Q US           3,106.7     (536.2)     511.8
RAYONIER ADV      RYAM US        1,246.3      (13.4)     167.3
RAYONIER ADV      RYQ GR         1,246.3      (13.4)     167.3
REGAL ENTERTAI-A  RGC* MM        2,553.5     (755.1)       6.5
REGAL ENTERTAI-A  RGC US         2,553.5     (755.1)       6.5
REGAL ENTERTAI-A  RETA GR        2,553.5     (755.1)       6.5
RENAISSANCE LEA   RLRN US           57.0      (28.2)     (31.4)
RENTPATH INC      PRM US           208.0      (91.7)       3.6
RETROPHIN INC     RTRX US          145.9      (10.2)      (3.7)
RETROPHIN INC     17R GR           145.9      (10.2)      (3.7)
REVLON INC-A      RVL1 GR        1,912.6     (570.6)     300.9
REVLON INC-A      REV US         1,912.6     (570.6)     300.9
RITE AID CORP     RTA GR         7,186.0   (1,792.7)   1,895.3
RITE AID CORP     RTA TH         7,186.0   (1,792.7)   1,895.3
RITE AID CORP     RAD US         7,186.0   (1,792.7)   1,895.3
ROCKWELL MEDICAL  RWM GR            23.9       (5.5)       2.6
ROCKWELL MEDICAL  RWM TH            23.9       (5.5)       2.6
ROCKWELL MEDICAL  RMTI US           23.9       (5.5)       2.6
ROUNDY'S INC      4R1 GR         1,089.7      (66.8)      71.8
ROUNDY'S INC      RNDY US        1,089.7      (66.8)      71.8
RURAL/METRO CORP  RURL US          303.7      (92.1)      72.4
RYERSON HOLDING   RYI US         2,006.2      (38.2)     749.5
RYERSON HOLDING   7RY TH         2,006.2      (38.2)     749.5
RYERSON HOLDING   7RY GR         2,006.2      (38.2)     749.5
SALLY BEAUTY HOL  SBH US         2,030.0     (347.1)     640.6
SALLY BEAUTY HOL  S7V GR         2,030.0     (347.1)     640.6
SBA COMM CORP-A   SBAC US        7,809.0     (297.6)    (671.8)
SBA COMM CORP-A   SBJ TH         7,809.0     (297.6)    (671.8)
SBA COMM CORP-A   SBJ GR         7,809.0     (297.6)    (671.8)
SECOND SIGHT MED  EYES US            9.6      (19.5)       4.4
SECOND SIGHT MED  24P GR             9.6      (19.5)       4.4
SEQUENOM INC      SQNM US          134.6      (51.9)      36.5
SILVER SPRING NE  SSNI US          552.9     (139.0)      82.8
SILVER SPRING NE  9SI GR           552.9     (139.0)      82.8
SILVER SPRING NE  9SI TH           552.9     (139.0)      82.8
SIRIUS XM CANADA  XSR CN           329.4      (87.2)    (161.7)
SIRIUS XM CANADA  SIICF US         329.4      (87.2)    (161.7)
SPARK ENERGY-A    SPKE US           86.5       (0.9)      (9.4)
SPORTSMAN'S WARE  SPWH US          315.7      (35.0)      83.3
SPORTSMAN'S WARE  06S GR           315.7      (35.0)      83.3
SUPERVALU INC     SVU US         4,486.0     (634.0)      92.0
SUPERVALU INC     SJ1 GR         4,486.0     (634.0)      92.0
SUPERVALU INC     SJ1 TH         4,486.0     (634.0)      92.0
SUPERVALU INC     SVU* MM        4,486.0     (634.0)      92.0
THERAVANCE        HVE GR           553.7     (193.1)     237.4
THERAVANCE        THRX US          553.7     (193.1)     237.4
THRESHOLD PHARMA  THLD US           76.7      (21.0)      49.1
TRANSDIGM GROUP   TDG US         6,756.8   (1,556.1)   1,103.7
TRANSDIGM GROUP   T7D GR         6,756.8   (1,556.1)   1,103.7
TRAVELPORT WORLD  1TW GR         2,992.0     (210.0)    (161.0)
TRAVELPORT WORLD  TVPTEUR EU     2,992.0     (210.0)    (161.0)
TRAVELPORT WORLD  TVPT US        2,992.0     (210.0)    (161.0)
TRINET GROUP INC  TNETEUR EU     1,393.3      (48.9)      17.3
TRINET GROUP INC  TN3 GR         1,393.3      (48.9)      17.3
TRINET GROUP INC  TNET US        1,393.3      (48.9)      17.3
UNILIFE CORP      UNIS US           80.7       (2.7)       0.4
UNISYS CORP       UIS US         2,279.4     (521.2)     343.9
UNISYS CORP       UIS1 SW        2,279.4     (521.2)     343.9
UNISYS CORP       UISCHF EU      2,279.4     (521.2)     343.9
UNISYS CORP       USY1 GR        2,279.4     (521.2)     343.9
UNISYS CORP       USY1 TH        2,279.4     (521.2)     343.9
UNISYS CORP       UISEUR EU      2,279.4     (521.2)     343.9
VECTOR GROUP LTD  VGR GR         1,643.4       (7.9)     561.5
VECTOR GROUP LTD  VGR US         1,643.4       (7.9)     561.5
VENOCO INC        VQ US            756.5     (100.0)    (762.9)
VERISIGN INC      VRS TH         2,207.4     (748.8)    (326.3)
VERISIGN INC      VRS GR         2,207.4     (748.8)    (326.3)
VERISIGN INC      VRSN US        2,207.4     (748.8)    (326.3)
VERIZON TELEMATI  HUTC US          110.2     (101.6)    (113.8)
VIRGIN AMERICA I  VA US            876.0     (313.0)      19.0
VIRGIN AMERICA I  2VA1 TH          876.0     (313.0)      19.0
VIRGIN AMERICA I  2VA1 GR          876.0     (313.0)      19.0
VIRGIN MOBILE-A   VM US            307.4     (244.2)    (138.3)
WEIGHT WATCHERS   WW6 GR         1,558.3   (1,357.7)      60.6
WEIGHT WATCHERS   WTWEUR EU      1,558.3   (1,357.7)      60.6
WEIGHT WATCHERS   WW6 TH         1,558.3   (1,357.7)      60.6
WEIGHT WATCHERS   WTW US         1,558.3   (1,357.7)      60.6
WEST CORP         WSTC US        3,929.2     (684.9)     284.7
WEST CORP         WT2 GR         3,929.2     (684.9)     284.7
WESTMORELAND COA  WME GR         1,578.5     (264.3)     101.2
WESTMORELAND COA  WLB US         1,578.5     (264.3)     101.2
WORKIVA INC       0WKA GR           82.6      (23.4)     (23.4)
WORKIVA INC       WK US             82.6      (23.4)     (23.4)
XERIUM TECHNOLOG  XRM US           611.2      (51.2)     102.1
XERIUM TECHNOLOG  TXRN GR          611.2      (51.2)     102.1
XOMA CORP         XOMA GR           70.9      (18.1)      28.5
XOMA CORP         XOMA TH           70.9      (18.1)      28.5
XOMA CORP         XOMA US           70.9      (18.1)      28.5
YRC WORLDWIDE IN  YEL1 GR        2,046.6     (361.2)     195.9
YRC WORLDWIDE IN  YEL1 TH        2,046.6     (361.2)     195.9
YRC WORLDWIDE IN  YRCW US        2,046.6     (361.2)     195.9


                             *********

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

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

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

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

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

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

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

                           *********

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

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

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

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

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


                  *** End of Transmission ***