TCR_Public/150115.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, January 15, 2015, Vol. 19, No. 15

                            Headlines

1058 SOUTHERN: Hires David Maltz & Co as Broker
22ND CENTURY: Establishes Trade Partners Program
ADELPHI ACADEMY: Plan Confirmed, Wants Case Closed
ADVANCED MICRO: J. Byrne Quits as Business Group General Manager
AEMETIS INC: Sprott Inc. Reports 11.8% Stake as of Dec. 31

AEREO INC: Revises Proposed Bonus Plan
AEROVISION HOLDINGS: Wins Dismissal of Bankruptcy Case
ALSIP ACQUISITION: Hires McGladrey LLP as Tax Accountant
ALSIP ACQUISITION: Panel Hires Goldstein & McClintock as Counsel
ALSIP ACQUISITION: Panel Taps GlassRatner as Financial Advisor

ANACOR PHARMACEUTICALS: Has Option to Extend Balzer Family Lease
AP-LONG BEACH: Hires Irell & Manella as Reorganization Counsel
AP-LONG BEACH: Meeting of Creditors Set for Jan. 23
ASCEND LEARNING: Moody's Affirms B3 CFR Following New Add-on Loan
AUBURN TRACE: Seeks Authority to Use Iberia Bank Cash Collateral

BAXANO SURGICAL: Files Schedules of Assets and Debt
BIOLIFE SOLUTIONS: Estimates $1.8 Million Revenue for Q4
BRIXMOR PROPERTY: Moody's Assigns (P)Ba1 Stock Shelf Rating
BUCKSKIN REALTY: Judge Won't Change Filing Time of Ch.11 Petition
CAESARS ENTERTAINMENT: Appaloosa Wants Probe on Transactions

CAESARS ENTERTAINMENT: Appaloosa, et al., Defend Bankr. Petition
CAESARS ENTERTAINMENT: Appaloosa, et al., File Waivers of Claims
CAESARS ENTERTAINMENT: Hobbled by Absence in Asia
CAESARS ENTERTAINMENT: Says Jr. Creditors Trying to Boost Standing
CAESARS ENTERTAINMENT: Seeks Support from Bank Lenders

CALIFORNIA COMMUNITY: CB&T Asks for Relief from Stay
CALIFORNIA COMMUNITY: Has Access to Cash Collateral Until Jan. 31
CHAMPIONS ONCOLOGY: May Default on Convertible Notes due in March
CHENG & COMPANY: Case Summary & 2 Largest Unsecured Creditors
CORINTHIAN COLLEGES: Sale Closing Date of Campuses Moved to Feb. 2

CREEKSIDE ASSOCIATES: Meeting of Creditors Slated for Jan. 27
DDR CORP: Fitch Affirms 'BB' Rating on $350MM Preferred Stock
DEB STORES: Hires Great American as Consultant
DEB STORES: Returns on Items Accepted Until Feb. 6
DELPHI AUTOMOTIVE: Accused of Skirting Bankruptcy Obligations

DETROIT, MI: Homeowners Face New Test in Foreclosure Notices
DEWEY & LEBOEUF: Ex-Leaders Criminal Trial to Start in April
DOVER DOWNS: Downriver Capital Has 8.3% Stake as of Dec. 31
DOVER DOWNS: Gates Capital Reports 5.3% Equity Stake at Dec. 31
DUFF & PHELPS: S&P Affirms B Secured Debt Rating Over Loan Add-on

EGENIX INC: Files for Chapter 11 Bankruptcy Protection
EXELIXIS INC: Wellington Stake Down to 0.64% as of Dec. 31
FALCON STEEL: Gets Court Approval to Sell Equipment to Ingenia
GARLOCK SEALING: Enters Into Agreement with Claims Representative
GENERAL MOTORS: Victims of Deadly Defect Fall Through Legal Cracks

GENUTEC BUSINESS: Plan Deadline Extended to Feb. 15
GREEN EARTH: Maturity of $7.5MM Debentures Extended to March 2016
GT ADVANCED: SAS America Named to Creditors' Committee
HARRISONBURG REDEVELOPMENT: Moody's Cuts Rating on 2001B Bonds
HAWAII MEDICAL CENTER: Cases Dismissed on Jan. 2

HCA INC: Fitch Assigns 'BB-' Rating on $750MM Senior Notes
HCA INC: Moody's Assigns B2 Rating on New $750MM Unsecured Notes
HCA INC: S&P Raises CCR to 'BB' & Rates $750MM Sr. Notes 'B+'
HEI INC: Has Interim Authority to Use Cash Collateral
HEI INC: Seeks Sale of Assets to HT Electronics for $2.8-Mil.

HEI INC: U.S. Trustee Names 3 Members to Creditors' Committee
HERRING CREEK: Files Schedules of Assets and Liabilities
HOLY HILL: Bid to Hire Jaenam Coe as Counsel Faces Challenge
HORIZON LINES: Secures Emissions Control Permit
HURLEY MEDICAL: Fitch Affirms 'BB+' Ratings on $99-Mil. Bonds

IDERA PHARMACEUTICALS: Files Copy of Presentation Materials
IMAGEWARE SYSTEMS: To Sell $12 Million Worth of Securities
INVESTMENTS GP & SR: Puerto Rico Judge Won't Revive Bankr. Case
IRISH BANK RESOLUTION: Former CEO Drumm Not Entitled to Discharge
ISC8 INC: Proposed Sale Subject to Overbid at Jan. 28 Auction

J & B RESTAURANT: Closes Friendly's Location in Willow Wood
JB VEGA CORPORATION: Section 341(a) Meeting Scheduled for Feb. 2
KOFSKY & SON: S.D.N.Y. Judge Tosses Fund Trustees' Suit
LOVE CULTURE: Jan. 20 Hearing on Bid to Dismiss or Convert
MARTIN PEMSTEIN: Bankr. Judge Won't Hear Bid to Recover Payments

METAWISE GROUP: Court Tosses Fraudulent Transfer Action
MT LAUREL: Hearing on Use of Cash Collateral Reset to April 6
NAKED BRAND: Files Investor Presentation
NASHVILLE BILTMORE: Exits Ch 11, To Procced With Bellevue Project
NII HOLDINGS: LuxCo Taps Quinn Emanuel as Special Counsel

NNN 1818: Removes 2 State Court Actions
NPS PHARMACEUTICALS: To be Acquired by Shire for $5.2 Billion
NW VALLEY HOLDINGS: Files Bare-Bones Ch. 11 Petition
OZ GAS: Judge Enters Decision for Kroto as Counsel
PACIFIC GOLD: Incurs $361,000 Net Loss in Third Quarter

PLATFORM SPECIALTY: Moody's Rates New $920MM Unsecured Notes B2
QBS INTERMEDIATE: S&P Assigns B Corp Credit Rating; Outlook Stable
QUINCY MEDICAL: Bankr. Court Has No Jurisdiction on Execs' Claim
RADIOSHACK CORP: Salus Loan Won't Ward Off Bankruptcy, Report Says
RECYCLE SOLUTIONS: Seeks Approval to Sell Equipment for $31,300

RESTORGENEX CORP: Copy of Presentation to Investors
RIALTO HOLDINGS: S&P Revises Outlook to Neg. & Affirms 'B+' Rating
RICEBRAN TECHNOLOGIES: Hal Mintz Has 8.5% Stake as of Dec. 31
RITE AID: Fitch Affirms 'B' IDR & Revises Outlook to Positive
RITE AID: S&P Rates $3 Billion ABL Credit Facility Due 2020 'BB-'

ROBERT COLEMAN: Asks 7th Cir. to Stay Rulings
ROSETTA GENOMICS: Issues Letter to Shareholders
SABRA HEALTH: S&P Raises CCR to 'BB-'; Outlook Stable
SCRAP SOLUTIONS: Case Summary & 9 Largest Unsecured Creditors
SEQUENOM INC: To Present at JP Morgan Conference Today

SIGA TECHNOLOGIES: Exclusive Plan Filing Date Extension Sought
SOLAR TRUST: No Quick Ruling on German Law Firm's Fee Claim
STELLAR BIOTECHNOLOGIES: Copy of Presentation to Investors
SUNCOKE ENERGY: S&P Retains 'BB-' CCR Over $200 Million Add-On
SYNARC-BIOCORE HOLDINGS: Moody's Cuts Corp. Family Rating to 'B3'

TARGETED MEDICAL: Board Fires Chief Executive Officer
TENET HEALTHCARE: Releases 2015 Business Outlook
THERAPEUTICSMD INC: Files Investor Presentation
THORNBURGH RESORT: Claims Against Sterling Invalid, Court Says
TLC HEALTH: Mulls Closure of Nursing Home in April 2015

TRANSGENOMIC INC: Dolphin Offshore Holds 7.6% Stake as of Jan. 2
TRUMP ENTERTAINMENT: Can Access Cash Collateral Until January 16
TRUMP ENTERTAINMENT: Panel Balks at Exclusivity Extension Bid
TRUMP ENTERTAINMENT: Panel Files 2nd Objection to Plan Outline
TWIN CITIES STORES: Calif. Court Affirms Tax Ruling v. Nelson

VERMILLION INC: Shares Copy of Investor Presentation
VILLAGE GREEN I: Case Dismissal Order, Jan. 30 Foreclosure Stayed
VIRGIN ISLANDS WAPA: S&P Revises Outlook, Affirms 'BB+' Bonds Ratin
VUZIX CORP: Intel Corp Owns 30% Equity Stake as of Jan. 2
WAFERGEN BIO-SYSTEMS: Hal Mintz Has 9.9% Stake as of Dec. 31

WESTMORELAND RESOURCE: 6 Directors Named to Gen. Partner's Board
YBR LLC: Case Summary & Largest Unsecured Creditor
YMCA OF MILWAUKEE: To Close Down South Shore YMCA on Jan. 31
YMCA OF MILWAUKEE: To Close South Shore Y in Cudahy
ZOGENIX INC: Cash at $42.2 Million as of Dec. 31

[*] TMA New York to Host Luncheon Conference on Jan. 21
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

1058 SOUTHERN: Hires David Maltz & Co as Broker
-----------------------------------------------
1058 Southern Blvd. Realty Corp. seeks authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
David R. Maltz & Co., Inc. ("Maltz") as broker for the estate.

Maltz will sell certain real property of the Debtor, located at,
and known as 1054-1058 Southern Boulevard, 1042 Westchester Avenue,
Bronx, New York 10459 (the "Real Property").

The Debtor and Maltz have agreed, subject to Bankruptcy Court
approval, that Maltz shall be paid its commissions and reimbursed
its expenses (the "Commission") in accordance with the Marketing &
Exclusive Sales Agreement.

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

Maltz can be reached at:

       Richard B. Maltz
       DAVID R. MALTZ & CO., INC.
       39 Windsor Place
       Central Islip, NY 11722
       Tel: (516) 349-7022
       Fax: (516) 349-0105

              About 1058 Southern Blvd. Realty Corp.

1058 Southern Blvd. Realty Corp., owner and operator of a mixed-
use multi-unit building known as and located at 1054-1058 Southern
Boulevard, 1042 Westchester Avenue, Bronx, New York, sought
bankruptcy protection (Bankr. S.D.N.Y. Case No. 14-12808) on
Oct. 3, 2014.  Miriam Shasho signed the petition as president of
the Debtor.  The Debtor estimated assets of $10 million to
$50 million and liabilities of $1 million to $10 million.  The
case is assigned to Judge Robert E. Gerber.  The Debtor has tapped
Gerard R. Luckman, Esq., at SilvermanAcampora, LLP, in Jericho,
New York, as counsel.


22ND CENTURY: Establishes Trade Partners Program
------------------------------------------------
22nd Century Group, Inc., announced that the Company has
established its "Trade Partners Program" to provide retailers and
distributors the opportunity to receive shares of 22nd Century
Group common stock as a rebate for purchases of RED SUN brand
cigarettes.  The Company filed with the U.S. Securities and
Exchange Commission on Jan. 9, 2015, a prospectus supplement
relating to the Trade Partners Program, in which up to $3 million
of the Company's pre-existing $45 million Form S-3 shelf
registration statement (File No. 333-195386) may be used for common
stock issuances under the program (not to exceed 300,000 shares).

The Company established its Trade Partners Program as a strategic
incentive plan to give eligible cigarette distributors and
retailers the opportunity to earn publicly tradable shares of the
Company's common stock in consideration for purchases of the
Company's RED SUN brand of cigarettes.  Participating distributors
will earn $1.00 worth of 22nd Century common stock as a rebate for
each carton of RED SUN purchased in 2015 and participating
retailers will earn $3.00 worth of 22nd Century common stock as a
rebate for each carton of RED SUN purchased in 2015.

Various incentive and rebate programs are already prevalent in the
cigarette industry; however, for awarding common stock that is
freely tradable on the NYSE MKT exchange, the Trade Partners
Program is truly unique.  The Company believes that the novel
program will be a compelling vehicle to incent cigarette
distributors and retailers to purchase and promote RED SUN
cigarettes.

Positioned to compete with leading brands like Marlboro and Camel,
RED SUN is a highly innovative cigarette designed to appeal to
upscale, educated consumers while also winning the loyalty of
specialty retailers and distributors who were instrumental in
building Santa Fe Natural Tobacco Company's Natural American Spirit
brand.

22nd Century's President and Chief Operating Officer, Henry
Sicignano III, explained, "While spearheading sales and marketing
efforts at Santa Fe Natural Tobacco Company, I had opportunities to
talk with and learn from hundreds of tobacconists who championed
American Spirit.  Though they appreciated the sales and profits
afforded by American Spirit, these small business owners expressed
to me widespread disappointment that they never had the opportunity
to own equity in the brand or in Santa Fe Natural Tobacco
Company."

"22nd Century is changing all that," Mr. Sicignano continued.
"Through our Trade Partners Program we are offering retailers and
distributors an extraordinary opportunity to become 22nd Century
Group shareholders... and a strong incentive to grow RED SUN sales
in 2015."

Many retailers who have committed to stocking 22nd Century products
have informed the Company that they have already purchased the
Company's common stock on the open market.  22nd Century's Chief
Financial Officer, John Brodfuehrer explained, "We believe all of
the retailers and distributors who are aware of the next phase in
our Company's development -- especially pertaining to our modified
risk cigarettes in development -- are impressed that 22nd Century
has a mission of reducing the harm caused by smoking.  Furthermore,
tobacconists understand that there is a huge market demand for a
reduced risk combustible cigarette.  We intend to meet that
demand."

For additional information about 22nd Century Group, please visit:
www.xxiicentury.com

                         About 22nd Century

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

22nd Century reported a net loss of $26.2 million in 2013, a net
loss of $6.73 million in 2012 and a net loss of $1.34 million in
2011.

The Company's balance sheet at Sept. 30, 2014, showed $26.7 million
in total assets, $6.56 million in total liabilities, and $20.1
million in total shareholders' equity.


ADELPHI ACADEMY: Plan Confirmed, Wants Case Closed
--------------------------------------------------
Adelphi Academy filed a motion for a final decree closing its
Chapter 11 case.

The Bankruptcy Court confirmed the Debtor's Plan of Reorganization
on Sept. 26, 2014.  Subsequently, the Debtor has made Plan payments
to all classes of creditors in accordance with the Plan.  Thus, the
Plan has been substantially consummated as provided in Sec. 1101(2)
of the Code.  The case is ready to be closed, the Debtor asserts.

Payment in the amount of $12,999.12, representing amounts due the
Office of the United States Trustee on account of quarterly fees
due and owing through the 4th quarter of 2014 will be paid by the
Reorganized Debtor.

                      About Adelphi Academy

Adelphi Academy -- operator of the Adelphi Academy of Brooklyn, a
not-for-profit, 501(c)(3), private and independent school from
property it owns at 8515 Ridge Boulevard in Bay Ridge, Brooklyn --
filed a Chapter 11 petition (Bankr. E.D.N.Y. Case No. 14-43065) in
Brooklyn on June 16, 2014.  The bankruptcy case is assigned to
Judge Elizabeth S. Stong.

A. Mitchell Greene, Esq. at Robinson, Brog, Leinwand, Greene,
Genovese, & Gluck PC of New York, New York, serves as the Debtor's
counsel.

Metropolitan Commercial Bank is represented by Lee Attanasio,
Esq., at Sidley Austin LLP, in New York.


ADVANCED MICRO: J. Byrne Quits as Business Group General Manager
----------------------------------------------------------------
John Byrne is no longer served as general manager, Computing and
Graphics Business Group, or as a Section 16 officer, of Advanced
Micro Devices, Inc., effective Jan. 12, 2015, according to a
regulatory filing with the U.S. Securities and Exchange Commission.
He left the Company to pursue other opportunities.

Mr. Byrne will remain with the Company as an employee until March
31, 2015, to assist with transition matters.  Dr. Lisa T. Su,
president and chief executive officer, will be acting in the role
of general manager, computing and graphics Business Group, as AMD
conducts an external search for this role.

                          Retention Awards

On Jan. 12, 2015, the Compensation Committee of the Board of
Directors of AMD approved retention awards of 384,467 restricted
stock units to Devinder Kumar, senior vice president and chief
financial officer and 576,701 restricted stock units to Mark D.
Papermaster, chief technology officer and senior vice
president-technology and engineering.

These restricted stock unit awards will be granted on Jan. 22,
2015, under AMD's 2004 Equity Incentive Plan, as amended.
Thirty-three percent of the restricted stock units will vest on
Jan. 15, 2017, and 67% of the restricted stock units will vest on
Jan. 15, 2018.

                    About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

AMD incurred a net loss of $83 million on $5.29 billion of net
revenue for the year ended Dec. 28, 2013, as compared with a net
loss of $1.18 billion on $5.42 billion of net revenue for the year
ended Dec. 29, 2012.

As of Sept. 27, 2014, the Company had $4.32 billion in total
assets, $3.79 billion in total liabilities and $535 million in
total stockholders' equity.

                          *     *     *

In August 2013, Standard & Poor's Ratings Services revised its
outlook on Advanced Micro Devices to negative from stable.  At the
same time, S&P affirmed its 'B' corporate credit and senior
unsecured debt ratings on AMD.

As reported by the TCR on June 5, 2014, Fitch Ratings had upgraded
the long-term Issuer Default Rating (IDR) for AMD (NYSE: AMD) to
'B-' from 'CCC'.  The upgrade primarily reflects AMD's improved
financial flexibility from recent refinancing activity, which
extends meaningful debt maturities until 2019.

In the Feb. 4, 2013, edition of the TCR, Moody's Investors Service
lowered AMD's corporate family rating to B2 from B1.  The
downgrade of the corporate family rating to B2 reflects AMD's
prospects for weaker operating performance and liquidity profile
over the next year as the company commences on a multi-quarter
strategic reorientation of its business in the face of a
challenging macro environment and a weak PC market.


AEMETIS INC: Sprott Inc. Reports 11.8% Stake as of Dec. 31
----------------------------------------------------------
Sprott Inc. and Sprott Private Credit Trust disclosed in a
regulatory filing with the U.S. Securities and Exchange Commission
that as of Dec. 31, 2014, they beneficially owned 2,431,373 common
shares of Aemetis, Inc., representing 11.8 percent of the shares
outstanding.  A copy of the Schedule 13G/A is available at:

                        http://is.gd/OS8cLv

                           About Aemetis

Cupertino, Calif.-based Aemetis, Inc., is an international
renewable fuels and specialty chemical company focused on the
production of advanced fuels and chemicals and the acquisition,
development and commercialization of innovative technologies that
replace traditional petroleum-based products and convert first-
generation ethanol and biodiesel plants into advanced
biorefineries.

Aemetis reported a net loss of $24.43 million on $177.51 million
of revenues for the year ended Dec. 31, 2013, as compared with a
net loss of $4.28 million on $189.04 million of revenues in 2012.

As of Sept. 30, 2014, the Company had $95.1 million in total
assets, $94.5 million in total liabilities and $647,000 in total
stockholders' equity.

                          Bankruptcy Warning

The Company said in the Annual Report for the year ended Dec. 31,
2013, "The adoptions of new technologies at our ethanol and
biodiesel plants, along with working capital, are financed in part
through debt facilities.  We may need to seek additional financing
to continue or grow our operations.  However, generally
unfavourable credit market conditions may make it difficult to
obtain necessary capital or additional debt financing on
commercially viable terms or at all.  If we are unable to pay our
debt we may be forced to delay or cancel capital expenditures,
sell assets, restructure our indebtedness, seek additional
financing, or file for bankruptcy protection."


AEREO INC: Revises Proposed Bonus Plan
--------------------------------------
Objections have been filed to Aereo, Inc.'s motion for approval of
its revised key employee incentive plan.

A hearing was scheduled for Jan. 13 to consider approval of the
motion and the objections filed by the U.S. Trustee, and the
Broadcasters, and responses thereto.

The Broadcasters objected to the bonus plan, saying it's a
"disguised" retention plan prohibited under the Bankruptcy Code and
not justified by the facts.  Broadcasters consist of WNET,
THIRTEEN, Fox Television Stations, Inc., Twentieth Century Fox Film
Corporation, WPIX, LLC, Univision Television Group, Inc., The
Univision Network Limited Partnership, Public Broadcasting Service,
KSTU LLC, Fox Broadcasting Company, KUTV Licensee, LLC, American
Broadcasting Companies, Inc., Disney Enterprises, Inc., CBS
Broadcasting Inc., CBS Studios Inc., NBCUniversal Media, LLC, NBC
Studios, LLC, Universal Network Television, LLC, Telemundo Network
Group LLC, WNJU-TV Broadcasting LLC, KSTU, LLC, KUTV Licensee, LLC
and Fox Broadcasting Company.

According to the Debtor, the revisions to the KEIP address the
Bankruptcy Court's earlier concerns, and were designed to achieve
"above-and-beyond" performance from its eligible employees.

A summary of the Revised KEIP provides that:

   -- Key employees may earn a bonus in the lesser amount of: (a) a
key employee's respective share of 5% of the gross proceeds from a
sale transaction in excess of the $4 million floor; or (b) 75% of
such key employee's annual base salary.

   -- Each key employee's respective share of the sale threshold
bonus is calculated as the percentage of such key employee's annual
base salary as compared to the total aggregate amount of all key
employees' annual base salaries.

   -- The maximum sale bonus that can be paid to key employees in
the aggregate is approximately $1.36 million.  If the maximum bonus
is earned, the debtor will have realized value from a sale
transaction of at least approximately $31.22 million, which will be
sufficient (in the Debtor's view) to pay all creditors in full,
and also provide recoveries to shareholders in excess of
approximately $15 million.

   -- The bonuses to be paid under the KEIP will be paid within 21
days following the closing of a sale transaction to key employees
who either (a) remain employed by the Debtor on the date of the
closing of the Sale Transaction, or (b) are involuntarily
terminated (x) without cause attributable to the employee prior to
the closing of such sale transaction, or (y) due to the key
employee's death or Disability (as that term is defined in Section
409A of the Internal Revenue Code of 1986).

   -- The bonus payments under the KEIP will be paid only from the
proceeds of the sale transaction, and only in the event that the
Debtor receives at least approximately $2 million more than the
Liquidation Value of its assets.  The Debtor reserves its right to
make additional modifications to the Revised KEIP in advance of the
Hearing.

A copy of the revised KEIP is available for free at:

   http://bankrupt.com/misc/AEREOINC_119_REVincentiveplan.pdf

The Debtor, in its omnibus response to objections, stated that its
KEIP is a reasonable, value-enhancing bonus program specifically
designed to incentivize the key employees to go above and beyond
their ordinary job functions to achieve the best and highest price
possible for the Debtor's assets.  The modest bonuses to be paid
under the program are incremental to, and will only be paid from,
value received by the Debtor through a sale of its assets under 11
U.S.C. Sec. 363.

                        About Aereo, Inc.

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

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

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

The Debtor disclosed $22.2 million in assets and $2.78 million in
liabilities as of the Chapter 11 filing.


AEROVISION HOLDINGS: Wins Dismissal of Bankruptcy Case
------------------------------------------------------
Aerovision Holdings 1 Corp. obtained an order from the Bankruptcy
Court dismissing its bankruptcy case effective as of Jan. 6, 2015,
with prejudice as to the filing of any bankruptcy case for 180
days.

As reported in the Dec. 11, 2014 edition of the Troubled Company
Reporter, the Debtor told the Court that through two separate
mediation procedures, it has successfully negotiated and settled
all pending disputes with its creditors and disposition of the
various aircraft has been determined.  Since the aircraft are the
sole assets of the estate, the Debtor has decided that, in its
business judgment, the continued maintenance of the case is no
longer necessary.

The Debtor's attorneys can be reached at:

         Craig I. Kelley, Esq.
         KELLEY & FULTON, P.L.
         1665 Palm Beach Lakes Blvd., #1000
         West Palm Beach, FL 33401
         Tel: (561) 491-1200
         Fax: (561) 684-3773

                    About Aerovision Holdings I

Aerovision Holdings 1 Corp. filed a Chapter 11 petition (Bankr.
S.D. Fla. Case No. 13-24624) on June 21, 2013, in its home-town in
West Palm Beach, Florida.  Mark Daniels signed the petition as
president.  The Debtor estimated assets in excess of $10 million
and liabilities of $1 million to $10 million.  Craig I. Kelley,
Esq., at Kelley & Fulton, PL, serves as the Debtor's counsel.


ALSIP ACQUISITION: Hires McGladrey LLP as Tax Accountant
--------------------------------------------------------
Alsip Acquisition, LLC and APCA, LLC seek permission from the U.S.
Bankruptcy Court for the District of Delaware to employ McGladrey,
LLP as tax accountant.

The Debtors require McGladrey LLP to prepare and file the Debtors'
and the estate's federal and state taxes for the years 2014 and
2015, including preparation of all supporting working papers and
additional forms, such as Form 8594 and required information
returns to be included with the Federal and state income tax
returns.

McGladrey has agreed to prepare the tax forms identified in the
Engagement Letter for $43,400; $19,700 of this amount is
attributable to 2014 tax forms and $13,700 is attributable to 2015
tax forms.  The remaining $10,000 amount is attributable to matters
relating to the sale and cancellation of debt obligations,
including the sales price allocation to be reported on Form 8594,
computation of tax basis of the assets, and all filings or
exemption forms related to nonresident withholding requirements.

In addition to these amounts, McGladrey is entitled to
reimbursement for out-of-pocket expenses.  Consistent with these
amounts, the Lender has consented to a line-item for McGladrey of
$45,000 in the Agreed Budget, which amount will be fully funded by
the Lender at the closing of the contemplated sale of the Debtors'
assets.

McGladrey LLP can be reached at:

       MCGLADREY LLP
       1185 Avenue of the Americas
       New York, NY 10036
       Tel: (212) 372-1000

                      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 $7.74 million of funded
indebtedness and related obligations outstanding.

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

The Official Committee of Unsecured Creditors is represented by
Maria Aprile Sawczuk, Esq., and Harold D. Israel, Esq., at
Goldstein & McClintlock LLLP.


ALSIP ACQUISITION: Panel Hires Goldstein & McClintock as Counsel
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Alsip Acquisition,
LLC and APCA, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Delaware to retain Goldstein & McClintock
LLLP as counsel to the Committee, nunc pro tunc to Dec. 4, 2014.

The Committee requires Goldstein & McClintock to:

   (a) advise the Committee on all legal issues as they arise;

   (b) represent and advise the Committee regarding the terms of
       any sales of assets or plans of reorganization or
       liquidation, and assisting the Committee in negotiations
       with the Debtors and other parties;

   (c) investigate the Debtors' assets and pre-bankruptcy conduct;

   (d) prepare, on behalf of the Committee, all necessary
       pleadings, reports, and other papers;

   (e) represent and advise the Committee in all proceedings in
       these Chapter 11 Cases;

   (f) assist and advise the Committee in its administration; and

   (g) provide such other services as are customarily provided by
       counsel to a creditors' committee in cases of this kind.

Goldstein & McClintock will be paid at these hourly rates:

       Maria Aprile Sawczuk, partner      $450
       Harold D. Israel, partner          $525
       Sean P. Williams, associate        $255
       New Associates                     $195
       Senior Partners                    $725
       Legal Assistants                   $135-$255

Goldstein & McClintock will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Matthew E. McClintock, partner of Goldstein & McClintock, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Goldstein & McClintock can be reached at:

       Matthew E. McClintock, Esq.
       GOLDSTEIN & MCCLINTOCK LLLP
       208 South LaSalle Street, Ste. 1750
       Chicago, IL 60604
       Tel: (312) 337-7700
       E-mail: mattm@restructuringshop.com

                      About Alsip Acquisition

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

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

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

As of Oct. 31, 2014, the Debtors had $7.74 million of funded
indebtedness and related obligations outstanding.

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

The Official Committee of Unsecured Creditors is represented by
Maria Aprile Sawczuk, Esq., and Harold D. Israel, Esq., at
Goldstein & McClintlock LLLP.


ALSIP ACQUISITION: Panel Taps GlassRatner as Financial Advisor
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Alsip Acquisition,
LLC and APCA, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Delaware to retain GlassRatner Advisory &
Capital Group LLC as financial advisor to the Committee, nunc pro
tunc to Dec. 8, 2014.

The Committee requires GlassRatner to:

   (a) assist the Committee and counsel to the Committee in
       reviewing and evaluating the Debtors' business plan and
       associated financial projections;
   (b) assist the Committee to evaluate proposed sales and leases
       that the Debtors propose to enter into or engage in;

   (c) assist the Committee and counsel to the Committee in
       reviewing and evaluate the Debtors' liquidation analysis;

   (d) assist the Committee and counsel to the Committee in
       analyzing preference and other avoidance actions;

   (e) attend Bankruptcy Court hearings as necessary;

   (f) attend and participate in meetings with the Committee and
       counsel to the Committee as necessary; and

   (g) assist with such other matters as may be requested that
       fall within GlassRatner's expertise and that are mutually
       agreeable.

GlassRatner will be paid at these hourly rates:

       Jim Fox, Principal               $525
       Evan Blum, Principal             $525
       Marc Levee, Vice President       $325
       David Neyhart, Senior Associate  $275
       Principal                        $525-$650
       Senior Managing Director         $450-$525
       Director/Managing Director       $350-$450
       Vice President                   $295-$350
       Associates/Senior Associates     $195-$275
       Staff                            $95-$125

In addition, from time to time, it will be necessary for other
GlassRatner professionals to provide services to the Committee.
GlassRatner will attempt to use a maximum blended rate of $375-$400
for this engagement.

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

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

GlassRatner can be reached at:

       Evan Blum
       GLASSRATNER ADVISORY & CAPITAL GROUP LLC
       One Grand Central Place
       60 East 42nd Street, Suite 1062
       New York, NY 10165
       Tel: (212) 922-2108
       Cel: (973) 432-0621
       Fax: (212) 845-9772
       E-mail: eblum@glassratner.com

                      About Alsip Acquisition

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

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

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

As of Oct. 31, 2014, the Debtors had $7.74 million of funded
indebtedness and related obligations outstanding.

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

The Official Committee of Unsecured Creditors is represented by
Maria Aprile Sawczuk, Esq., and Harold D. Israel, Esq., at
Goldstein & McClintlock LLLP.


ANACOR PHARMACEUTICALS: Has Option to Extend Balzer Family Lease
----------------------------------------------------------------
Anacor Pharmaceuticals, Inc., entered into a sixth amendment to the
Company's lease with Balzer Family Investments, L.P., relating to
office and laboratory space leased by the Company in Palo Alto,
California.  The Lease is currently scheduled to expire on
Dec. 31, 2015, according to a regulatory filing with the U.S.
Securities and Exchange Commission.  

Pursuant to the Amendment, the Lessor granted to the Company two
one-year options to extend the term of the Lease through December
2016 and December 2017 and one three-month option to extend the
term of the Lease through March 2018.  The Company did not make any
payment to the Lessor in connection with the Amendment.

The Company disclosed it will be conducting investor meetings
during the week of Jan. 12, 2015.  At those meetings,
representatives of the Company may note that the Company recently
completed two two-year carcinogenicity studies for AN2728 and that
neither study identified any evidence of AN2728-related
malignancies.

                    About Anacor Pharmaceuticals

Palo Alto, Calif.-based Anacor Pharmaceuticals (NASDAQ: ANAC) is a
biopharmaceutical company focused on discovering, developing and
commercializing novel small-molecule therapeutics derived from its
boron chemistry platform.  Anacor has discovered eight compounds
that are currently in development.  Its two lead product
candidates are topically administered dermatologic compounds -
tavaborole, an antifungal for the treatment of onychomycosis, and
AN2728, an anti-inflammatory PDE-4 inhibitor for the treatment of
atopic dermatitis and psoriasis.

The Company's balance sheet at Sept. 30, 2014, showed $159 million
in total assets, $90.23 million in total liabilities, $4.95 million
in redeemable common stock and $63.4 million in total stockholders'
equity.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $77.02 million on $11.04 million of total revenues
compared to a net loss of $46.0 million on $8.74 million of total
revenues for the same period in 2013.


AP-LONG BEACH: Hires Irell & Manella as Reorganization Counsel
--------------------------------------------------------------
AP-Long Beach Airport LLC seeks authorization from the Hon. Vincent
P. Zurzolo of the U.S. Bankruptcy Court for the Central District of
California to employ Irell & Manella LLP as general reorganization
counsel, nunc pro tunc to Dec. 19, 2014.

The Debtor requires Irell & Manella to:

   (a) advise the Debtor regarding its powers and duties and
       debtor-in-possession in the continued management and
       operation of its affairs and properties;

   (b) represent the Debtor in proceedings or hearings before this

       Court involving matters of bankruptcy law;

   (c) attend meetings and negotiate with creditors and other
       parties-in-interest;

   (d) take necessary actions to protect and preserve the Debtor's

       estate, including motion practice before this Court,
       negotiate on behalf of the Debtor with respect to claims,
       and object to claims that are filed against the Debtor's
       estate;

   (e) prepare all motions, applications, orders, reports, and
       papers on behalf of the Debtor that necessary to the
       administration of this Chapter 11 case;

   (f) represent the Debtor in connection with any proceedings
       relating to any potential sale or refinancing of assets;

   (g) prepare the Debtor's plan and disclosure statement and
       advise and assist the Debtor in connection with the
       confirmation and consummation of any such plan; and

   (h) perform other and further services as typically may be
       rendered by counsel for a debtor in a Chapter 11 case.

Prior to the petition date, Irell & Manella received $125,000 as a
retainer to secure the payment of the allowed fees and costs in the
Debtor's case.

As of the petition date the remaining balance of the retainer was
$85,000.

Alan J. Friedman, partner of Irell & Manella, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Irell & Manella can be reached at:

       Alan J. Friedman, Esq.
       IRELL & MANELLA LLP
       840 Newport Center Drive, Ste. 400
       Newport Beach, CA 92660-6324
       Tel: (949) 760-5107
       Fax: (949) 760-5200
       E-mail: afriedman@irell.com

                        About AP-Long Beach

AP-Long Beach Airport LLC, which operates a 206,945-square foot
building at Long Beach Airport, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 14-33372) on
Dec. 19, 2014.  The case is assigned to Judge Vincent P. Zurzolo.

The Debtor's counsel is Alan J Friedman, Esq., and Kerri A Lyman,
Esq., at Irell & Manella LLP.


AP-LONG BEACH: Meeting of Creditors Set for Jan. 23
---------------------------------------------------
A meeting of creditors under 11 U.S.C. Sec. 341(a) for AP-Long
Beach Airport LLC has been scheduled for Jan. 23, 2015 at 10:00
a.m. at RM 7, 915 Wilshire Blvd., 10th Floor, Los Angeles, CA
90017.

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

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

                       About AP-Long Beach

AP-Long Beach Airport LLC, which operates a 206,945-square foot
building at Long Beach Airport, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 14-33372) on
Dec. 19, 2014.  The case is assigned to Judge Vincent P. Zurzolo.

The Debtor's counsel is Alan J Friedman, Esq., and Kerri A Lyman,
Esq., at Irell & Manella LLP.


ASCEND LEARNING: Moody's Affirms B3 CFR Following New Add-on Loan
-----------------------------------------------------------------
Moody's Investors Service affirmed the ratings of Ascend Learning,
LLC, including the B3 Corporate Family Rating and B3-PD Probability
of Default Rating, following the announcement of a proposed
incremental $40 million term loan. Concurrently, Moody's affirmed
the B2 ratings on the company's senior secured revolving credit
facility and upsized senior secured term loan, as well as the Caa2
rating on the company's $125 million second lien term loan. The
ratings outlook has been changed to stable from negative.

Proceeds from the proposed add-on term loan of $40 million, along
with cash on hand, will be used to finance the acquisition of a
U.S. based provider of medical education management solutions for
approximately $50 million, as well as pay related fees and
expenses.

While the transaction increases funded debt by $40 million, no
material increase in leverage is anticipated on a pro-forma basis.
The use of the incremental term loan preserves the company's
liquidity, including a cash balance currently expected to be
maintained over $20 million pro-forma for the close of the
transaction and the company's $40 million revolver remaining
undrawn.

The change in outlook to stable from negative, notwithstanding the
increase in funded debt levels, reflects the continued improvement
in operating performance coupled with the maintenance of a good
liquidity profile. The outlook change further reflects Moody's
expectation for a reduction in leverage in the coming year, from
over 7 times currently to near 6.5 times adjusted debt to EBITDA
(inclusive of Moody's standard adjustment).

The following rating actions were taken (LGD point estimates are
subject to change and all ratings are subject to the execution of
the transaction as currently proposed and Moody's review of final
documentation):

Corporate Family Rating, affirmed at B3;

Probability of Default Rating, affirmed at B3-PD;

$40 million senior secured revolving credit facility due 2019,
affirmed at B2 (LGD3);

$484 million (following proposed upsizing by $40 million) senior
secured term loan due 2019, affirmed at B2 (LGD3);

$125 million second lien term loan, affirmed at Caa2, LGD to (LGD6)
from (LGD5);

Outlook changed to stable from negative.

Ratings Rationale

Ascend's B3 corporate family rating continues to reflect its high
financial leverage, weakened interest coverage, and high capital
spending requirements that constrain free cash flow generation. The
rating also captures the company's small scale, persistently high
funded debt levels which remain well in excess of revenue, and
track record of aggressive financial policies given its history of
debt financed dividends and acquisitions. Ascend's high leverage
reduces its financial flexibility as well as ability to withstand
changes to the competitive environment. Notwithstanding these
concerns, the rating predominantly derives support by the company's
demonstrated ability to strengthen operating performance, good
liquidity profile and cash flow generation trends. The rating
favorably considers Ascend's primary focus on providing learning
solutions for healthcare related fields, which are projected to
experience higher than average employment growth over the next few
years. The rating is also supported by the company's established
position within its niche verticals, good operating margins, the
subscription like-nature of its revenue, and the diversity of its
customer base.

The stable outlook reflects the expectation for continued
improvement in operating performance and a reduction in leverage,
coupled with the maintenance of a good liquidity profile
highlighted by positive free cash flow, cash balances in excess of
$20 million, and full availability under the company's revolving
credit facility.

Moody's could downgrade the ratings if debt to EBITDA remains
materially over 7.0 times or if the company's liquidity situation
deteriorates, demonstrated by reduced cushion under financial
covenants, depleting cash balances or operating cash flow declines.
Ratings could also be downgraded should the company engage in
additional shareholder enhancement initiatives such as dividends or
additional debt funded acquisitions.

While a ratings upgrade is unlikely in the near-term, Moody's could
upgrade the rating if the company demonstrates continued top line
growth, consistent positive free cash flow and maintains a
conservative financial policy with regards to shareholder
enhancement initiatives. Quantitatively, the ratings could be
upgraded if debt to EBITDA (Moody's adjusted) sustainably
approaches 5.0 times through a combination of earnings growth and
debt reduction, EBITDA less capital expenditures to interest
exceeds 1.75 times, and free cash flow is in the high single-digit
range as a percentage of debt.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014. Other
methodologies used include Loss Given Default for Speculative-Grade
Non-Financial Companies in the U.S., Canada and EMEA published in
June 2009.

Headquartered in Burlington, Massachusetts, Ascend Learning, LLC
provides technology-based learning solutions and educational
content for healthcare and other vocational fields. Revenue for the
last twelve month period ended September 30, 2014 was approximately
$290 million. The company is majority owned by affiliates of
Providence Equity Partners.



AUBURN TRACE: Seeks Authority to Use Iberia Bank Cash Collateral
----------------------------------------------------------------
Auburn Trace, Ltd., seeks authority from the U.S. Bankruptcy Court
for the Southern District of Florida, West Palm Beach Division, to
use cash collateral securing its prepetition indebtedness.

In support of its request, the Debtor states that it will suffer
immediate and irreparable harm if it is not authorized to use cash
collateral.  The Debtor adds that without the use of cash
collateral to pay ongoing operating expenses, it will be required
to discontinue its business operations, which would cause immediate
and irreparable harm not only to the Chapter 11 estate but to the
potential recovery of creditors.

The Debtor owns real property located at 625 Auburn Circle W., in
Delray Beach, Florida.  The Debtor's prepetition secured creditor,
Iberia Bank, has a claim of approximately $4,221,557.  The Debtor
agrees to grant Iberia Bank replacement liens on postpetition
assets to the extent its prepetition collateral is diminished by
the Debtor’s use of cash collateral.

Auburn Trace filed a Chapter 11 bankruptcy petition (Bank. S.D.
Fla. Case No. 15-10317) on Jan. 7, 2015.  The petition was signed
by Brian J. Hinners as president.  The Debtor estimated assets of
$10 million to $50 million and liabilities of $1 million to $10
million.  The case is assigned to Judge Paul G. Hyman, Jr. Bradley
S Shraiberg, Esq., at Shraiberg, Ferrara & Landau, P.A., serves as
the Debtor's counsel.


BAXANO SURGICAL: Files Schedules of Assets and Debt
---------------------------------------------------
Baxano Surgical Inc. filed with the U.S. Bankruptcy Court for the
District of Delaware of its schedules of assets and liabilities
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $24,810,590
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $7,317,267
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $736,634
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $19,045,435
                                 -----------      -----------
        TOTAL                    $24,810,590      $27,099,336

A copy of the schedules is available for free at:

    http://bankrupt.com/misc/BaxanoSurgical_130_SAL.pdf

                       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.


BIOLIFE SOLUTIONS: Estimates $1.8 Million Revenue for Q4
--------------------------------------------------------
BioLife Solutions, Inc., announced preliminary revenue for the
fourth quarter and full year 2014 and a recap of operational
accomplishments.

Revenue in the fourth quarter of 2014 was $1.8 million, including
sales of the Company's proprietary biopreservation media products,
which grew to $1.5 million.  This represents 21% growth over the
same period in 2013.  In Q4, the Company also recorded $0.3 million
in revenue from contract manufacturing.

For the year, the Company recorded preliminary total revenue of
$6.3 million, including $4.9 million in proprietary product
revenue, which represents year over year growth of 25%.  In 2014,
the Company also recorded $1.4 million in revenue from contract
manufacturing customers.

Mike Rice, BioLife President & CEO, remarked on the Company's
performance in 2014 by stating, "2014 was a very strong year during
which we experienced rapid acceleration of product adoption in the
regenerative medicine space, especially by customers in the growing
and exciting cellular immunotherapy space.  In 2014 we also
transformed the Company's financial position, strengthening our
balance sheet by successfully raising $15.4 million, which resulted
in $13.6 in net proceeds, and eliminating all of our debt.  This
enabled us to uplist BioLife stock to the NASDAQ Capital Market.
Finally, we formed our biologistex CCM joint venture with SAVSU
Technologies to strengthen our products and services offering and
our position as a premier tools provider to the biobanking, drug
discovery, and regenerative medicine markets."

2014 Operations Highlights:

Product Adoption:

Management believes that at the end of 2014, BioLife's
HypoThermosol cell and tissue storage/shipping media and CryoStor
cryopreservation freeze media were incorporated in the cell
manufacturing, storing, shipping, freezing, and clinical delivery
processes of approximately 175 regenerative medicine clinical
trials.  This is a significant increase in adoption in 2014, during
which management believes the Company's products were incorporated
into an additional 75 clinical trials.

Within the cellular immunotherapy segment of the regenerative
medicine market, management estimates that BioLife's products are
embedded in at least 75 clinical trials of chimeric antigen
receptor T cells (CAR-T), T cell receptor (TCR), dendritic cell
(DC), tumor infiltrating lymphocytes (TIL), and other T cell-based
cellular therapeutics targeting solid tumors, hematologic
malignancies, and other diseases and disorders. Management believes
a large majority of private and publicly traded cellular
immunotherapy companies are BioLife customers.

The Roots Analysis market research report titled Dendritic Cell and
CAR-T Therapies, 2014 - 2024, published in November 2014, estimates
that the cellular immunotherapies market could grow to $4 billion
by 2024.  BioLife's addressable share of this market is attributed
to the demand for biopreservation media and controlled temperature
shipping containers.

biologistex Joint Venture with SAVSU Technologies

In September 2014, the Company formed biologistex CCM, a joint
venture with SAVSU Technologies, to market, fulfill, and support
rentals of SAVSU's EVO smart shipping containers.  biologistex will
be a branded, cloud-hosted Software as a service (SaaS)
subscription business model where customers access a secure
web-based application used to manage and monitor critical location
and payload environmental data for shipments of temperature
sensitive biologics, including manufactured cell products used in
regenerative medicine clinical trials.

BioLife will exhibit the EVO shipper and the biologistex web-based
application at the Phacilitate Cell & Gene Forum, Jan. 26 - 28,
2015, at the Grand Hyatt in Washington, DC.

Cash Management

The Company's ended the year with cash and investments of $10
million, with cash burn in Q4 of approximately $1 million.  Key
investments since the March 2014 equity raise included additional
headcount in sales and marketing, investments in the biologistex
CCM joint venture, and improving key supplier relationships by
reducing payables.

                     About BioLife Solutions

Bothell, Washington-based BioLife Solutions, Inc., develops and
markets patented hypothermic storage and cryo-preservation
solutions for cells, tissues, and organs, and provides contracted
research and development and consulting services related to
optimization of biopreservation processes and protocols.

BioLife Solutions incurred a net loss of $1.08 million in 2013,
a net loss of $1.65 million in 2012, and a net loss of $1.95
million in 2011.

As of Sept. 30, 2014, the Company had $14.3 million in total
assets, $1.58 million in total liabilities, and $12.7 million in
total shareholders' equity.


BRIXMOR PROPERTY: Moody's Assigns (P)Ba1 Stock Shelf Rating
-----------------------------------------------------------
Moody's Investors Service has assigned a Baa3 unsecured debt rating
to the initial debt offering of Brixmor Operating Partnership LP
(Brixmor OP), the operating partnership to the Brixmor Property
Group REIT (Brixmor). Brixmor OP controls the entities that own all
the REIT's assets. The ratings of the unsecured notes in the
subsidiary Brixmor LLC were upgraded to Baa3, from B3. The stable
outlook reflects Moody's expectation that Brixmor Property Group
Inc. and Brixmor OP will continue to improve operational strength
and unencumber properties, while managing debt maturities with
adequate liquidity and stable credit metrics.

Brixmor Property Group (NYSE: BRX) is a self-managed retail real
estate investment trust that owns and operates 522 properties
aggregating 87 million square feet of GLA across the top 50 US
metro markets.

The following ratings were assigned with a stable outlook:

Brixmor Operating Partnership LP -- Senior unsecured debt rating at
Baa3; senior unsecured debt shelf at (P)Baa3

Brixmor Property Group Inc. - Preferred stock shelf at (P)Ba1

The following rating was affirmed with a stable outlook:

Brixmor Operating Partnership LP - Issuer rating at Baa3

The following rating was upgraded with a stable outlook:

Brixmor LLC- Senior unsecured debt to Baa3, from B3

Ratings Rationale

Brixmor OP's Baa3 rating reflects the following credit strengths: a
solid fixed charge coverage, a well-diversified portfolio by
geography and tenant, and a well-established national platform with
seasoned executive and regional management. These credit strengths
are offset by Brixmor's relatively modest unencumbered asset pool,
and high secured debt and leverage levels. The rating assumes that
Brixmor OP, Brixmor Property Group and its current owners will
maintain the company and its capital structure as a traditional
investment grade REIT. Brixmor OP does not guarantee the Brixmor
LLC notes; however, the ratings upgrade reflects that this is a
strategic subsidiary for Brixmor OP as it owns key properties
within the consolidated Brixmor family. Brixmor LLC's ratings will
be withdrawn once the majority of its bonds mature in 2015.

Brixmor OP has solid liquidity. The REIT has a $1.25 billion
revolving credit facility due in 2017 with a one year extension
option. As of September 30, 2014, there was approximately $980
million available on its line. Brixmor OP has positive cash flow
from operations and manageable near-term debt maturities, with
approximately $848 million coming due in 2015 and $1.26 billion in
2016. Brixmor OP is expected to fund these maturities through
unsecured bonds, the credit facility, and cash flow from
operations. Brixmor's unencumbered asset pool is small for the
existing rating category at 51% of gross assets as of 3Q14.
However, Moody's expects this metric to increase materially as the
company continues to pay down secured debt. FFO payout is
considered strong at 43% at 3Q14, providing additional financial
flexibility.

Brixmor OP's effective leverage (debt plus preferred over gross
assets) of 54% and net debt/EBITDA of 7.1x at 3Q14 are high for the
existing rating category. Moody's expect the company to deleverage
its balance sheet materially over the intermediate term. Brixmor OP
maintains a high level of secured debt (29% at 3Q14) relative to
similarly rated REITs, however, Moody's expects this metric to
decline as the company continues to pay down secured debt.

Brixmor Property Group has a diverse franchise in the U.S. retail
real estate business, focused principally on owning and operating
necessity-based neighborhood and community shopping centers.
Brixmor operates all the U.S. regional retail shopping center
properties from its New York City headquarters and three regional
offices. The portfolio is the largest landlord to many of the top
ten national retailers in its portfolio, which includes
approximately 5,600 tenants, and is exhibiting consistently
stronger operating performance with Brixmor producing 3.9% same
property NOI growth for 3Q14 vs. 3Q13 primarily due to growth in
rental income. Brixmor's focus on grocery and discount store
anchored shopping centers enhances cash flow stability. Brixmor's
portfolio was 92.7% leased at 3Q14, up 60 basis points from 3Q14.

Brixmor OP's EBITDA margins are strong at 69% as of 3Q14. Due to
increased revenue, lease spreads, and occupancy, Brixmor OP's fixed
charge coverage has been 3.1x the past few quarters. The company
has minimal exposure to development and joint ventures, a credit
positive.

Although upward rating movement is unlikely in the medium term for
Brixmor OP, a future rating upgrade would reflect secured
debt/gross assets approaching 10%; unencumbered assets closer to
60%; net debt/EBITDA approaching 6x; leverage less than 50%; and a
substantial reduction/simplification in organizational ownership
and structure. A downgrade would result from an increase in secured
debt; no increase in unencumbered assets from the current period
(3Q14 at 51%); net debt/EBITDA above current levels (7.1x at 3Q14);
leverage over 55%; or, any reversal in the REIT's commitment to
unsecured debt or to reduce corporate and structural complexity.

Rating improvement for Brixmor LLC would be contingent upon
continued strengthening of its credit profile and further
consolidation within the Brixmor Operating Partnership LP corporate
structure. Negative rating pressure would result from any
deterioration in Brixmor LLC's credit profile and lack of
structural consolidation.

The last rating action for Brixmor Operating Partnership LP was on
May 13, 2014 when Moody's assigned a Baa3 issuer rating with a
stable outlook. The last rating action for Brixmor LLC was on
February 4, 2013 when Moody's upgraded the unsecured debt to B3
with a stable outlook.

Brixmor Operating Partnership, L.P., the operating partnership to
the Brixmor Property Group REIT (NYSE: BRX) is a retail REIT that
has a diverse franchise in the U.S. retail real estate business,
focused principally on owning and operating necessity-based
neighborhood and community shopping centers. As of September 30,
2014, Brixmor had total book assets of $9.8 billion and total
equity of $3 billion.

Brixmor LLC had total book assets of $4 billion and total equity of
$2.8 billion at September 30, 2014.

The principal methodology used in these ratings was Global Rating
Methodology for REITs and Other Commercial Property Firms published
in July 2010.



BUCKSKIN REALTY: Judge Won't Change Filing Time of Ch.11 Petition
-----------------------------------------------------------------
New York Bankruptcy Judge Nancy Hershey Lord tossed the request of
a debtor to change the time of the filing of its Chapter 11
petition to avoid a foreclosure sale.

On the afternoon of Jan. 8, 2013, Buckskin Realty filed a voluntary
Chapter 11 petition (Bankr. E.D.N.Y. Case No. 13-40083), listing
under $1 million in both assets and liabilities.  The filing
operated as a stay of actions against the Debtor, pursuant to 11
U.S.C. Sec. 362(a).  The Debtor and Rey Olsen, the Debtor's
principal and a pro se creditor, asked the Court to deem the
Petition retroactively filed, because they seek to void a
foreclosure sale that occurred on the morning of the filing date.
They argue that excusable neglect and inaccessibility of the
Clerk's Office, under Rules 60(b), 6(b), and 6(a)(3) of the Federal
Rules of Civil Procedure (the "Rules") and Rule 9006 of the Federal
Rules of Bankruptcy Procedure justify relief.

The Court disagrees.  To the extent that the relief requested is
predicated on a retroactive change in the filing date, the Debtor
and Olsen's motions are denied, Judge Lord said.

The Debtor's primary assets consist of two lots of unimproved land
located in a gated community in Windham, New York.  The properties
were the subject of a state court foreclosure action brought by the
community homeowners association, Windmont Home Owners Association,
Inc.

The HOA obtained a judgment of foreclosure, and a referee was
appointed to conduct a sale of the Property. Olsen, aware of the
sale scheduled for January 8, 2013 at 10:00 a.m. at the Greene
County Courthouse in Catskill, New York, asserts that he intended
to arrive at the U.S. Bankruptcy Court for the Eastern District New
York, 271 Cadman Plaza East, Brooklyn, New York by 9:30 a.m. to
file a bankruptcy petition on behalf of the Debtor and obtain the
benefit of the automatic stay.  But Olsen did not arrive in time to
stop the sale. The Office of the Clerk of the Court, U.S.
Bankruptcy Court, Eastern District of New York time-stamped the
Petition "received" at 12:38 p.m. and entered the Petition on the
Court's Case Management/Electronic Case Files docket at 12:46:06
p.m., more than two hours after the sale was conducted and the
Property sold to the HOA.

The Debtor and Olsen asked the Court to regard the Petition as
having been filed earlier than 10:00 a.m. on January 8, 2013,
thereby granting the Debtor the benefit of the automatic stay prior
to the foreclosure sale.

Edward Kaplan, the state court referee; Allyson M. Phillips, Esq.
and Young/Sommer LLC, Attorneys to the HOA in the foreclosure
action; and the HOA, Ed Lieto, Eva Halpern, and Cathy Hennessy,
oppose the motions.

"The Court denies the Movants' request to deem the Petition filed
at an earlier time, and holds that the foreclosure sale did not
violate the automatic stay, because it occurred prior to the filing
of the Petition," Judge Lord said.

A copy of the Court's Jan. 6, 2015 Decision is available at
http://is.gd/3bsMzAfrom Leagle.com.

A copy of Buckskin Realty's Chapter 11 Petition is available at no
extra charge at http://bankrupt.com/misc/nyeb13-40083.pdf The
Debtor is represented in the case by Frank Castiglione, Esq., at
Palmieri and Castiglione, P.C.


CAESARS ENTERTAINMENT: Appaloosa Wants Probe on Transactions
------------------------------------------------------------
Appaloosa Investment Limited Partnership I, OCM Opportunities Fund
VI, L.P. and Special Value Expansion Fund, LLC, ask the U.S.
Bankruptcy Court for the District of Delaware for an order
appointing an examiner to investigate and report on a series of
prepetition insider transactions by which the parent of debtor
Caesars Entertainment Operating Company, Inc. systematically
stripped the Debtor of many billions of dollars of assets and cash
in the 15 months prior to bankruptcy.

Appaloosa, et al., request that the examiner be granted authority
to (a) review all relevant documents and information, including
material that may be subject to a privilege held by any of the
Debtors, and (b) include all such information in the examiner's
report to the extent appropriate under the circumstances.

Counsel for the Petitioning Creditors, Robert F. Poppiti, Jr.,
Esq., at Young Conaway Stargatt & Taylor, LLP, explains that
Appaloosa, et al., filed the involuntary bankruptcy case on the
heels of a series of suspicious transactions in which insiders
plundered many billions of dollars of value from the Debtor.  Those
transactions, which resulted in five separate lawsuits now pending
in Delaware and New York courts, ensured that the Debtor could not
pay its debts and eventually would wind up seeking bankruptcy
relief.  There is no question that the legitimacy of the
transactions will be the single most important issue in this case.

Mr. Poppiti notes that in similar situations in recent large
chapter 11 cases, including those involving the Dynegy companies
and the Residential Capital debtors who filed under a cloud of
suspicion resulting from prepetition insider dealing, bankruptcy
courts have not hesitated to appoint examiners in the first weeks
of the chapter 11 proceedings. The Petitioning Creditors urge the
Court to do the same here.  Absent the appointment of an examiner,
the case will be mired in litigation for the foreseeable future,
with no reasonable prospect of consensus or reorganization.

Specifically, the appointment of a disinterested and impartial
examiner is necessary to investigate and report on multiple
transactions between the Debtor and insiders, most of which
occurred during the past fifteen months and all of which were
consummated during applicable reach back periods for fraudulent
transfers. All were transacted under the cloak of secrecy, with
little or no disclosure of material facts, and without any apparent
attempt to market test their value.  All were consummated without
meaningful independent review of the transfers, and the Debtor's
board, dominated by its controlling shareholders, was hopelessly
conflicted, and without a single independent director. Nothing
short of the appointment an examiner, and one vested with
unfettered access to the facts underlying these transfers, will
uncover the truth.

The transactions fall into three general categories: (a) transfers
of valuable assets to insiders for inadequate or no consideration,
without the benefit of any marketing process, occurring when the
Debtor had no independent directors; (b) direct payments of
hundreds of millions of dollars to insiders; and Cc) other actions
taken by the Debtor for the benefit of insiders resulting in harm
to the Debtor.  They include:

   1) The transfer to subsidiaries of the Debtor's parent company
(Caesars Entertainment Corporation, or "Caesars Parent") of
valuable trademarks, with a book value of $45 million, for no
apparent consideration.

   2) The transfer to Caesars Parent, for no apparent
consideration, of the Debtor's indirect ownership interest in an
online gaming business (Caesars Interactive Entertainment, Inc., or
"Caesars Interactive") which was ascribed a value of as much as
$779 million in 2013.

   3) The transfer to a newly-formed affiliate (Caesars
Entertainment Resort Properties, or "Caesars Resort") of two
properties -- a luxury tower for high-end guests of Caesars Palace
and a newly constructed shopping, dining and entertainment district
-- for just $600 million, an unreasonably low sum given that the
Debtor had just paid at least $750 million to construct the
properties.

   4) The transfer to another newly-formed affiliate (Caesars
Growth, LLC, or "Caesars Growth") of two more properties, one in
Las Vegas (Planet Hollywood) and the other under construction in
Baltimore (the Horseshoe Baltimore), along with 50% of the
management fees and other valuable rights under a "Management
Services Agreement" relating to those properties, for an
unreasonably low price of $360 million.

   5) The transfer to Caesars Growth of four valuable destination
properties, three in Las Vegas (The Quad, The Cromwell, and Bally's
Las Vegas) and a fourth located in New Orleans (Harrah's New
Orleans), along with 50% of the management fees payable to the
Debtor for those properties, for an unreasonably low price of $2
billion.

   6) The transfer to yet another newly-formed affiliate (Caesars
Enterprise Services, LLC, or "Caesars Services"), for no apparent
consideration, of ownership and control of perhaps the Debtor's
most valuable asset -- the intellectual property and data
comprising the "proprietary and industry leading" customer-loyalty
program known as Total Rewards.

   7) The sham sale of 5% of the Debtor's common stock to
undisclosed investors for $6.15 million.

   8) The repayment of unsecured notes held by insider Caesars
Growth that were not scheduled to mature for a full year and
carried a favorable low interest rate (5.625%) far below that of
the new debt incurred by the Debtor to obtain funds to repay the
existing notes (9.8%).  The Debtor repaid the insider debt
notwithstanding its purported need for liquidity, which was
repeatedly offered as justification for the insider transfers to
Caesars Resort and Caesars Growth.

   9) The agreement to pay $155 million to certain holders of
unsecured "Legacy Notes," but not others, coupled with the
agreement of those selected holders to amend the governing
indentures to eliminate the guarantee of Caesars Parent for the
debt.

  10) The "repayment" to Caesars Parent of unsecured, low-interest
intercompany obligations, including apparent payments of $285.4
million during the first nine months of calendar year 2014 prior to
maturity.

  11) The repurchase last month of $16.5 million in outstanding PIK
Toggle Notes, guaranteed by Caesars Parent, that were not scheduled
to mature until 2018.  The Debtor paid 103.5 cents on the dollar
despite the fact that the PIK Toggle Notes were trading at less
than 17 cents on the dollar at the time.  It has been reported that
$4 million of the PIK Toggle Notes were owned by Caesars Parent or
other insiders.

  12) The closure in August 2014 of the Showboat Atlantic City
casino and resort despite the positive EBITDA generated by the
property, redirecting customers of the Debtor to a competing
property owned by insider Caesars Resort.

According to Mr. Poppiti, these insider transactions stripped the
Debtor of most of its valuable income-generating assets and
hundreds of millions of dollars of cash, leaving the Debtor
burdened with massive debt that cannot be repaid.  They are the
subject of a lawsuit (the "Delaware Action") filed on Aug. 4, 2014
by Wilmington Savings Fund Society, FSB ("WSFS"), the indenture
trustee for $3.7 billion in Second Lien Notes, challenging many of
the transactions as avoidable fraudulent transfers, breaches of
fiduciary duty, and waste.  Other lawsuits have since been filed,
two by holders of "Legacy Notes" who were not among the selected
holders allowed to participate in the insider transaction
purporting to eliminate the guarantee of Caesars Parent and another
by UMB Bank, as indenture trustee for the 8.5% Senior Secured Notes
due 2020, alleging fraudulent transfers and breaches of fiduciary
duty and seeking appointment of a receiver.

At least parts of those actions are now stayed.  According to Mr.
Poppiti, with the commencement of this case, the Petitioning
Creditors and all unsecured creditors are entitled to the
appointment of an impartial and disinterested examiner charged with
investigating the Debtor's insider transactions.  The examiner's
investigation and report will be of value to the Court, creditors
and other parties in interest, not only to identify and provide an
objective evaluation of the merits of potential estate causes of
action (including those asserting in the prepetition actions) but
also in moving the case forward.  Indeed, at least while the Debtor
remains under the control of the same insiders who orchestrated and
approved the transactions at issue, progress will be impossible
without a thorough independent examination.

Mr. Poppiti tells the Court that the Petitioning Creditors have no
desire to delay a reorganization in this case or impose unnecessary
expense.  To that end, they propose that the Court order the
examiner to promptly file a work plan, and to generate a report as
soon as reasonably practicable. Finally, so that the examiner will
have a full and complete understanding of the transactions to be
investigated, the Petitioning Creditors request that the Court
grant the examiner unfettered access to documents and information
that may be subject to any privilege held by the Debtor or any of
its subsidiaries (including the attorney-client privilege and
work-product protection) and authorize the examiner to include such
information in the examiner's report.

A copy of the Examiner Motion is available for free at:

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

                   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, $28.2 billion in total liabilities and a $3.71
billion total deficit.

Hedge funds holding roughly $14 million in claims, filed an
involuntary Chapter 11 bankruptcy petition against Caesars
Entertainment Operating Company, Inc. (Bankr. D. Del. Case No.
15-10047G) on Jan. 12, 2015.  CEOC operates hotel and casino
properties that are part of the "Caesars" resort and gaming
empire.

The hedge funds hold 10% second lien notes in the company.
Appaloosa Investment Limited Partnership I holds $13,109,250 of the
notes; OCM Opportunities Fund VI, L.P., holds $18,239,186 of the
notes; and Special Value Expansion Fund holds $9,734,458 of the
notes.

The bondholders are represented by Robert S. Brady, Esq., at Young,
Conaway, Stargatt & Taylor, LLP.

In January 2015, Caesars Entertainment and subsidiary CEOC
announced that holders of more than 60% of claims in respect of
CEOC's 11.25% senior secured notes due 2017, CEOC's 8.5% senior
secured notes due 2020 and CEOC's 9% senior secured notes due 2020
have signed the Amended and Restated Restructuring Support and
Forbearance Agreement, dated as of Dec. 31, 2014, among Caesars
Entertainment, CEOC and the Consenting Creditors.  As a result, the
RSA became effective pursuant to its terms as of Jan. 9, 2015.


CAESARS ENTERTAINMENT: Appaloosa, et al., Defend Bankr. Petition
----------------------------------------------------------------
Appaloosa Investment Limited Partnership I, OCM Opportunities Fund
VI, L.P. and Special Value Expansion Fund, LLC, said they have
filed an involuntary petition under chapter 11 of the Bankruptcy
Code against debtor Caesars Entertainment Operating Company, Inc.
because the Debtor "elected not to pay" $225 million in interest to
holders of the Debtor's second-priority senior secured notes due
2018 having an aggregate principal amount of $4.5 billion, and is
thus generally not paying its debts as they become due.  

Appaloosa, et al., therefore request that the U.S. Bankruptcy Court
for the District of Delaware enter an order for relief against the
Debtor pursuant to Section 303(h)(1) of the Bankruptcy Code and
Rule 1013 of the Federal Rules of Bankruptcy Procedure.

Counsel for the Petitioning Creditors, Robert F. Poppiti, Jr.,
Esq., at Young Conaway Stargatt & Taylor, LLP, explains that on
Dec. 15, 2014, the Debtor defaulted on payments of more than $225
million in interest owed to hundreds of noteholders, who together
hold Second Lien Notes having an aggregate original principal
amount in excess of $4.5 billion.  On the same day, the Debtor
announced in a filing with the SEC that it had "elected not to pay"
that interest, even though it had "approximately $1.5 billion of
cash and cash equivalents," and that it was taking advantage of a
"grace period" applicable to such payments.  There is no "grace
period," however, applicable to payments on the Second Lien Notes,
the existence of a "Default" under the indentures, or the right of
holders of the Second Lien Notes to enforce the Debtor's
obligations to pay the past due interest payments.  Moreover,
additional remedies become available after the Defaults (which have
already occurred) become Events of Default on Jan. 15, 2015.

On Dec. 19, 2014, the Debtor announced an agreement with certain of
its first lien noteholders, which provides that the Debtor and
certain of its subsidiaries will file chapter 11 bankruptcy cases
on or after Jan. 15, 2015, but no later than Jan. 20, 2015.  That
agreement is memorialized in an "Amended And Restated Restructuring
Support And Forbearance Agreement" (the "Lock Up Agreement"), dated
as of Dec. 31, 2014, between the Debtor and Caesars Parent on the
one hand and certain first lien noteholders on the other.

Under the chapter 11 plan that would be proposed by the Debtor
under the Lock Up Agreement, holders of Second Lien Notes would
never receive payment of the delinquent interest payments that were
due on Dec. 15, 2014, nor would they ever receive any payment on
account of most of the outstanding principal amount of the Second
Lien Notes.  Instead, the plan would treat holders of Second Lien
Notes as fully unsecured, and provide them with equity that even
the Debtor values at a small fraction of the outstanding principal.


Mr. Poppiti also said that, in any event, it appears that the
Debtor and its controlling shareholders have contemplated, and
prepared for, a chapter 11 bankruptcy filing for nearly a year (and
perhaps even longer). During that period, insiders have plundered
the Debtor, helping themselves to cash and other assets worth many
billions of dollars, to the detriment of creditors.  As a result of
these transactions, creditors have commenced four lawsuits against
the Debtor, including one in the Delaware Court of Chancery filed
by UMB Bank, acting as indenture trustee for a series of first lien
notes, seeking appointment of a receiver.  The Court of Chancery
recently granted UMB Bank's motion for expedited treatment of its
request for the appointment of a receiver under Delaware law.  In
granting that relief, the court found that UMB Bank had carried its
burden to show that there is both a colorable claim and a
sufficient threat of irreparable harm to justify the considerable
expense of an expedited proceeding.

Mr. Poppiti also said the Petitioning Creditors have filed the
Involuntary Petition to prevent any further transactions that
diminish the Debtor's estate, and to obtain the aid of this Court
in assuring that all parties will be dealt with fairly in any
restructuring.  As required by Section 303(b)(1), each of the
Petitioning Creditors is the holder of a claim against the Debtor,
for principal and interest, that is neither contingent as to
liability nor the subject of a bona fide dispute as to liability or
amount.  Such claims are, in the aggregate, at least $15,325 more
than the value of any lien on property of the debtor securing them.
This is evident from the terms of the chapter 11 plan that has
been agreed to by the Debtor and certain of the first lien
noteholders, which would treat the claims of holders of Second Lien
Notes as completely unsecured.

As beneficial holders of the Second Lien Notes, each of the
Petitioning Creditors has an absolute right under the Indentures,
the Second Lien Notes themselves, and Section 316(b) of the Trust
Indenture Act to enforce its right to receive payment of interest
when due. Under the plain language of the Indentures and the Second
Lien Notes, interest payments became due on Dec. 15, 2014. As
several courts have expressly held, filing an involuntary petition
is among the remedies available to noteholders following payment
defaults such as those that have occurred here, even if the
indenture contains a "no action clause" that conditions the
exercise of remedies in different circumstances.

Finally, the Debtor is generally not paying its debts as they
become due, Mr. Poppiti added.  The Debtor has now been in payment
default, for about four weeks, on interest payments owed to
hundreds of holders of Second Lien Notes that, in the aggregate,
total about $225 million.  Both the number and the amount of
overdue claims against the Debtor -- which incurs relatively few
monthly operating expenses on a non-consolidated basis aside from
debt service -- are very substantial.

There is no reasonable basis for the Debtor's failure to make the
interest payments on the Second Lien Notes when due on Dec. 15; as
admitted by the Debtor, such nonpayment is not attributable to
administrative error, nor to any temporary liquidity shortfall.
Rather, the nonpayment was willful and deliberate -- or in the
words of the Debtor, "elected" -- as part of an agreement with
first lien lenders that would permanently deprive holders of Second
Lien Notes not only of payment of the overdue interest but also
most of their principal.  If that were not enough, there is
overwhelming evidence, in the form of billions of dollars in
self-dealing transactions, that the Debtor is "conducting [its]
financial affairs in a manner not consistent with one operating in
good faith and in the regular course of business."

Accordingly, the Petitioning Creditors aver they are entitled to
entry of an order for relief against the Debtor in the bankruptcy
case.

A copy of the affidavit in support of the involuntary petition is
available for free at:

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

Appaloosa, et al.'s attorneys can be reached at:

         Robert S. Brady, Esq.
         Edmon L. Morton, Esq.
         Robert F. Poppiti, Jr., Esq.
         YOUNG CONAWAY STARGATT & TAYLOR, LLP
         Rodney Square
         1000 North King Street
         Wilmington, DE 19801
         Telephone: (302) 571-6600
         Facsimile: (302) 571-1253

                - and -

         Bruce Bennett, Esq.
         James O. Johnston, Esq.
         Sidney P. Levinson, Esq.
         Joshua M. Mester, Esq.
         Monika S. Wiener, Esq.
         JONES DAY
         555 South Flower Street
         Fiftieth Floor
         Los Angeles, CA 90071
         Telephone: (213) 489-3939
         Facsimile: (213) 243-2539

                   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, $28.2 billion in total liabilities and a $3.71
billion total deficit.

Hedge funds holding roughly $14 million in claims, filed an
involuntary Chapter 11 bankruptcy petition against Caesars
Entertainment Operating Company, Inc. (Bankr. D. Del. Case No.
15-10047G) on Jan. 12, 2015.  CEOC operates hotel and casino
properties that are part of the "Caesars" resort and gaming
empire.

The hedge funds hold 10% second lien notes in the company.
Appaloosa Investment Limited Partnership I holds $13,109,250 of the
notes; OCM Opportunities Fund VI, L.P., holds $18,239,186 of the
notes; and Special Value Expansion Fund holds $9,734,458 of the
notes.

The bondholders are represented by Robert S. Brady, Esq., at Young,
Conaway, Stargatt & Taylor, LLP.

In January 2015, Caesars Entertainment and subsidiary CEOC
announced that holders of more than 60% of claims in respect of
CEOC's 11.25% senior secured notes due 2017, CEOC's 8.5% senior
secured notes due 2020 and CEOC's 9% senior secured notes due 2020
have signed the Amended and Restated Restructuring Support and
Forbearance Agreement, dated as of Dec. 31, 2014, among Caesars
Entertainment, CEOC and the Consenting Creditors.  As a result, the
RSA became effective pursuant to its terms as of Jan. 9, 2015.


CAESARS ENTERTAINMENT: Appaloosa, et al., File Waivers of Claims
----------------------------------------------------------------
Appaloosa Investment Limited Partnership I, OCM Opportunities Fund
VI, L.P. and Special Value Expansion Fund, LLC, which filed an
involuntary Chapter 11 petition against Caesars Entertainment
Operating Company, Inc., each filed with the Bankruptcy Court a
partial waiver of claim.

The hedge funds hold 10% second lien notes in the company.
Appaloosa is owed $13,109,250, OCM is owed $18,239,186 of the
notes; and SVEF is owed $9,734,458.  The claims are secured by,
among other things, accounts, general intangibles, goods,
insurance, intellectual property, money and other receivables of
the Debtor.

The Petitioning Creditors said the assets of the Debtor are
insufficient to satisfy their claims against the Debtor and that,
therefore, they are undersecured.

However, to the extent there is any question that the Petitioning
Creditors are not qualified creditors pursuant to Sec. 303(b) of
the Bankruptcy Code with respect to the secured/unsecured status of
its claim, it waives its right to security interests in any assets
of the Debtor up to, but no more than, the amount of $5,109, such
that the Petitioning Creditors hold unsecured claims of at least
$15,325 in the aggregate, which amount meets the requirements of
Sec. 303(b) of the Bankruptcy Code.

                   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, $28.2 billion in total liabilities and a $3.71
billion total deficit.

Hedge funds holding roughly $14 million in claims, filed an
involuntary Chapter 11 bankruptcy petition against Caesars
Entertainment Operating Company, Inc. (Bankr. D. Del. Case No.
15-10047G) on Jan. 12, 2015.  CEOC operates hotel and casino
properties that are part of the "Caesars" resort and gaming
empire.

The hedge funds hold 10% second lien notes in the company.
Appaloosa Investment Limited Partnership I holds $13,109,250 of the
notes; OCM Opportunities Fund VI, L.P., holds $18,239,186 of the
notes; and Special Value Expansion Fund holds $9,734,458 of the
notes.

The bondholders are represented by Robert S. Brady, Esq., at Young,
Conaway, Stargatt & Taylor, LLP.

In January 2015, Caesars Entertainment and subsidiary CEOC
announced that holders of more than 60% of claims in respect of
CEOC's 11.25% senior secured notes due 2017, CEOC's 8.5% senior
secured notes due 2020 and CEOC's 9% senior secured notes due 2020
have signed the Amended and Restated Restructuring Support and
Forbearance Agreement, dated as of Dec. 31, 2014, among Caesars
Entertainment, CEOC and the Consenting Creditors.  As a result, the
RSA became effective pursuant to its terms as of Jan. 9, 2015.


CAESARS ENTERTAINMENT: Hobbled by Absence in Asia
-------------------------------------------------
Kate O'Keeffe, writing for The Wall Street Journal, reported that
Caesars Entertainment Corp.'s failure to get a foothold in huge
Asian gambling markets like Macau and Singapore, alongside the 2008
leveraged buyout that crippled the casino operator's balance sheet
right as the financial crisis hit, has put the casino company's
largest unit on the verge of bankruptcy.  According to the Journal,
the unit, Caesars Entertainment Operating Co., is preparing to file
for Chapter 11 protection in Chicago today, Jan. 15.

                   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, $28.2 billion in total liabilities and a $3.71
billion total deficit.

Hedge funds holding roughly $14 million in claims, filed an
involuntary Chapter 11 bankruptcy petition against Caesars
Entertainment Operating Company, Inc. (Bankr. D. Del. Case No.
15-10047G) on Jan. 12, 2015. CEOC operates hotel and casino
properties that are part of the "Caesars" resort and gaming
empire.

The hedge funds hold 10% second lien notes in the company.
Appaloosa Investment Limited Partnership I holds $13,109,250 of the
notes; OCM Opportunities Fund VI, L.P., holds $18,239,186 of the
notes; and Special Value Expansion Fund holds $9,734,458 of the
notes.

The bondholders are represented by Robert S. Brady, Esq., at Young,
Conaway, Stargatt & Taylor, LLP.

In January 2015, Caesars Entertainment and subsidiary CEOC
announced that holders of more than 60% of claims in respect of
CEOC’s 11.25% senior secured notes due 2017, CEOC’s 8.5% senior
secured notes due 2020 and CEOC’s 9% senior secured notes due
2020 have signed the Amended and Restated Restructuring Support and
Forbearance Agreement, dated as of Dec. 31, 2014, among Caesars
Entertainment, CEOC and the Consenting Creditors. As a result, the
RSA became effective pursuant to its terms as of Jan. 9, 2015.


CAESARS ENTERTAINMENT: Says Jr. Creditors Trying to Boost Standing
------------------------------------------------------------------
Ryan Rudnansky, writing for Travel Pulse, reports that Appaloosa
Investment LP, claiming in its involuntary Chapter 11 bankruptcy
against Caesars Entertainment Operating Company, Inc., that
insiders "plundered" the business unit, wants the U.S. Bankruptcy
Court for the District of Delaware to appoint an examiner to
investigate.

Appaloosa believes that the insiders gave themselves "hundreds of
millions of dollars" while stripping junior debtors of
income-generating assets and leaving them with a large debt that
cannot be repaid.

According to Travel Pulse, junior level creditors including
Appaloosa Investment are aiming to block Caesars Entertainment
Corp.'s restructuring deal, which would put Caesars Entertainment
Operating Co. into voluntary Chapter 11 bankruptcy protection.

Appaloosa Investment said in a court filing that under the
restructuring deal, junior creditors wouldn't receive the interest
payment, and "instead, the plan would treat holders of second lien
notes as fully unsecured, and provide them with equity that even
the debtor values at a small fraction of the outstanding
principal."

Travel Pulse relates that Caesars Entertainment is claiming that
junior creditors are attempting to "boost their standing."
Entertainment said in a statement that "the claims are a
transparent attempt to thwart a restructuring that has been agreed
to by more than two-thirds of CEOC's first-lien noteholders.  The
action is designed to injure CEOC while these junior creditors
attempt to boost their standing."

Linda Sandler at Bloomberg News reports that Leon Black will have
to convince most creditors of Caesars Entertainment that his plan
to save the value of his stake in the company is fair.  


                   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, $28.2 billion in total liabilities and a $3.71
billion total deficit.

Hedge funds holding roughly $14 million in claims, filed an
involuntary Chapter 11 bankruptcy petition against Caesars
Entertainment Operating Company, Inc. (Bankr. D. Del. Case No.
15-10047G) on Jan. 12, 2015.  CEOC operates hotel and casino
properties that are part of the "Caesars" resort and gaming
empire.

The hedge funds hold 10% second lien notes in the company.
Appaloosa Investment Limited Partnership I holds $13,109,250 of the
notes; OCM Opportunities Fund VI, L.P., holds $18,239,186 of the
notes; and Special Value Expansion Fund holds $9,734,458 of the
notes.

The bondholders are represented by Robert S. Brady, Esq., at Young,
Conaway, Stargatt & Taylor, LLP.

In January 2015, Caesars Entertainment and subsidiary CEOC
announced that holders of more than 60% of claims in respect of
CEOC's 11.25% senior secured notes due 2017, CEOC's 8.5% senior
secured notes due 2020 and CEOC's 9% senior secured notes due 2020
have signed the Amended and Restated Restructuring Support and
Forbearance Agreement, dated as of Dec. 31, 2014, among Caesars
Entertainment, CEOC and the Consenting Creditors.  As a result, the
RSA became effective pursuant to its terms as of Jan. 9, 2015.


CAESARS ENTERTAINMENT: Seeks Support from Bank Lenders
------------------------------------------------------
Caesars Entertainment Operating Company, Inc., a subsidiary of
Caesars Entertainment Corporation, announced that following receipt
of the requisite support of first lien noteholders for a proposed
restructuring, it is now seeking support from holders of its bank
debt to a modified restructuring support agreement.  As of Jan. 9,
2015, CEOC has agreed to terms of a restructuring support agreement
with greater than two-thirds of the holders of its first lien
notes.  Bank lenders will have until 9 p.m. New York time on Jan.
14, 2015, to sign onto a separate, but similar RSA.

As per the Bank RSA, consenting bank lenders will receive their pro
rata portion of a $150 million consent fee for supporting the Bank
RSA.  Consenting bank lenders will agree to release their
collection guarantee from Caesars Entertainment upon, among other
things, the effectiveness of CEOC's plan of reorganization.
Consenting bank lenders will also have the opportunity to purchase
a pro-rata share of $150 million of convertible notes to be offered
by Caesars Entertainment.

"We are pleased to have garnered broad-based support of our
restructuring plan from more than two thirds of first lien
bondholders, exceeding all required thresholds," said Gary Loveman,
Chairman of CEOC.  "The leadership from our institutional creditor
base enhances our ability to maximize value on their behalf.  In
response to inquiries from certain of our bank lenders, we have
decided to seek their support to help facilitate a smooth and
efficient restructuring, which is in the best interest of all
stakeholders."

The RSA that has been signed by more than two thirds of first lien
noteholders and contemplates payment of 100 cents on the dollar to
holders of bank debt, became effective on Jan. 9, 2015.  If the
bank lenders do not consent to the terms of the Bank RSA in the
requisite amounts, they may receive such other treatment as agreed
by CEOC and Caesars Entertainment that pays them in full on account
of the value of their collateral.

               CEOC Responds to Involuntary Petition

CEOC asserted in a press release that the claims made by certain
junior creditors in their Chapter 11 involuntary bankruptcy
petition are meritless.  

"The involuntary petition is a transparent attempt to thwart a
restructuring that has been agreed to by more than two-thirds of
CEOC's first-lien noteholders.  The action is designed to injure
CEOC while these junior creditors attempt to boost their standing,"
CEOC said in a statement.

CEOC related it will respond formally to the "baseless" petition
shortly.  In the meantime, all business operations will continue
normally and without interruption.  Further, CEOC plans to proceed
toward the implementation of the previously announced restructuring
agreement.

                            Amended RSA

On Jan. 9, 2015, Caesars Entertainment filed a current report on
Form 8-K with the U.S. Securities and Exchange Commission to report
the amendment and restatement of the agreement to restructure the
indebtedness of Caesars Entertainment Operating Company, Inc., a
majority owned subsidiary of CEC, pursuant to the terms of the term
sheet incorporated into the RSA.  On January 12, the Company
amended the Current Report to include the Amendment as an exhibit.
A copy of the Second Amended Restated Restructuring Support and
Forbearance Agreement is available at:

                      http://is.gd/NGIs8M

                    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, $28.2 billion in total liabilities and a $3.71
billion total deficit.

Hedge funds holding roughly $14 million in claims, filed an
involuntary Chapter 11 bankruptcy petition against Caesars
Entertainment Operating Company, Inc. (Bankr. D. Del. Case No.
15-10047G) on Jan. 12, 2015. CEOC operates hotel and casino
properties that are part of the “Caesars” resort and gaming
empire.

The hedge funds hold 10% second lien notes in the company.
Appaloosa Investment Limited Partnership I holds $13,109,250 of the
notes; OCM Opportunities Fund VI, L.P., holds $18,239,186 of the
notes; and Special Value Expansion Fund holds $9,734,458 of the
notes.

The bondholders are represented by Robert S. Brady, Esq., at Young,
Conaway, Stargatt & Taylor, LLP.

In January 2015, Caesars Entertainment and subsidiary CEOC
announced that holders of more than 60% of claims in respect of
CEOC’s 11.25% senior secured notes due 2017, CEOC’s 8.5% senior
secured notes due 2020 and CEOC’s 9% senior secured notes due
2020 have signed the Amended and Restated Restructuring Support and
Forbearance Agreement, dated as of Dec. 31, 2014, among Caesars
Entertainment, CEOC and the Consenting Creditors. As a result, the
RSA became effective pursuant to its terms as of Jan. 9, 2015.


CALIFORNIA COMMUNITY: CB&T Asks for Relief from Stay
----------------------------------------------------
Secured creditor California Bank & Trust asks the Bankruptcy Court
to grant immediate relief from the automatic stay to permit CB&T to
exercise all applicable rights and remedies with respect to its
interest in the real property and improvements located at 655 West
2nd Street, San Bernardino, California, including without
limitation to obtain the appointment of a receiver over the
property and foreclose upon the property.

CB&T serves as assignee of the Federal Deposit Insurance
Corporation as receiver for Vineyard Bank, N.A.

The Court set a Jan. 14, 2015 hearing on the matter.

In a memorandum in support of the motion, CB&T stated that:

   -- CB&T's loan to the Debtor is secured by a first priority deed
of trust on the property matured on Sept. 5, 2013, and the
forbearance period expired on Dec. 5, 2013;

   -- The property is tax defaulted for tax years 2008, 2009, 2010,
and 2012, and as of Sept. 2014, these prior year taxes, interest,
penalties and charges totaled $107,000;

   -- As of Dec. 15, 2014, CB&T's claim totaled $9.97 million; and

   -- The Court must terminate the automatic stay because the
Debtor does not have an equity in the property and the property is
not necessary to an effective reorganization.

CB&T is represented by:

         Hemal K. Master, Esq.
         Reed S. Waddell, Esq.
         FRANDZEL ROBINS BLOOM & CSATO, L.C.
         6500 Wilshire Boulevard, 17th Floor
         Los Angeles, CA 90048-4920
         Tel: (323) 852-1000
         Fax: (323) 651-2577
         E-mail: hmaster@frandzel.com
                 rwaddell@frandzel.com

                      About California Community

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


CALIFORNIA COMMUNITY: Has Access to Cash Collateral Until Jan. 31
-----------------------------------------------------------------
In a hearing held December, the Bankruptcy Court entered an order
authorizing California Community Collaborative, Inc., to access
cash collateral until Jan. 31.

Another hearing is slated for Jan. 14 to consider the Debtor's
motion to use cash collateral consisting of rents collected
from tenants at its real property commonly known as 655 West 2nd
Street, San Bernardino, California.

The Debtor would use the cash collateral to pay administrative
expenses and operating expenses in the ordinary course of business
within a 10% variance in each listed category.

As reported in the TCR on Dec. 10, 2014, the space and rental
property is under lease to the Judicial Council of California,
which operated the Child Support Division of the Superior Court of
the County of San Bernardino.  The gross rent and the CAM charges
due from the Judicial Council totals $65.947 per month and the
lease extends to February 2018.

The Debtor requested for authorization to make $29,321 adequate
protection payment for the interest of secured creditors; and
$31,500 to California Bank and Trust.

                      About California Community

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

On Jan. 14, 2014, Kristina M. Johnson was appointed the Chapter 11
trustee.


CHAMPIONS ONCOLOGY: May Default on Convertible Notes due in March
-----------------------------------------------------------------
Champions Oncology, Inc., filed its quarterly report on Form 10-Q,

reporting a net loss of $3.08 million on $1.88 million of total
revenue for the quarter ended Oct. 31, 2014, compared with
a net loss of $2.32 million on $2.38 million of total revenue for
the same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed $3.31
million in total assets, $5.17 million in total liabilities, and a

stockholders' deficit of $1.86 million.

On Dec. 1, 2014, its Pres. & CEO purchased convertible
promissory notes in the aggregate principal amount of $2 million
with a term of 90 days.  The Company believes that the proceeds of

these loans, if converted into equity at maturity (which is the
option of the noteholders, not the Company), together with its
cash and cash equivalents, will be adequate to fund our operations

through at least March 31, 2015.  If the noteholders do not elect
to convert the notes into equity at maturity, then its cash and
cash equivalents would not be adequate to fund operations beyond
such maturity date, and the Company may not have enough cash to
repay the notes, in which case it would be in default.

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

                        http://is.gd/Azf5Yc

Baltimore, Md.-based Champions Oncology, Inc., is engaged in the
development of advanced technology solutions to personalize the
development and use of oncology drugs.  The Company’s Tumorgraft

Technology Platform is an approach to personalizing cancer care
based upon the implantation of human tumors in immune deficient
mice.


CHENG & COMPANY: Case Summary & 2 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Cheng & Company L.L.C.
        619 H Street, N.W.
        Washington, DC 20001

Case No.: 15-00014

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: January 13, 2015

Court: United States Bankruptcy Court
       District of Columbia (Washington, D.C.)

Judge: Hon. Martin Teel, Jr.

Debtor's Counsel: Ronald Jay Drescher, Esq.
                  DRESCHER & ASSOCIATES
                  4 Reservoir Circle, Suite 107
                  Pikesville, MD 21208
                  Tel: (410) 484-9000
                  Email: rondrescher@drescherlaw.com

Total Assets: $5 million

Total Liabilities: $4.98 million

The petition was signed by Anthony Cheng, member.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/dcb15-00014.pdf


CORINTHIAN COLLEGES: Sale Closing Date of Campuses Moved to Feb. 2
------------------------------------------------------------------
The Jan. 5, 2015 closing date of the sale of Corinthian Colleges,
Inc.'s 56 of 108 campuses to Education Management Credit
Corporation has been postponed until Feb. 2, 2015, John Sandman at
MainStreet reports, citing Jamal Little, spokesperson of High Ed,
Not Debt.

MainStreet quoted Mr. Little as saying, "We're still unsure as to
why, but advocates have been working hard to put pressure on the
Department of Education and ECMC to include more safeguards for
students."

MainStreet recalls that the closing date was previously postponed
until Jan. 12, 2015.

According to MainStreet, an industry source said, "There are
several parties that want to try to block the deal, such as
investors, public policy advocates and legislators.  But I doubt
any would be successful, since there aren't any reasonable
alternatives.  If Corinthian collapses completely, the U.S.
Department of Education is on the hook for closed school discharges
of more than $1 billion in federal student loans."

Corinthian Colleges, Inc., offers post-secondary courses in the
areas of health care, business, criminal justice, transportation
technology and maintenance, information technology, and
construction trades.  The Santa Ana, California-based Company
currently caters to 81,300 students.


CREEKSIDE ASSOCIATES: Meeting of Creditors Slated for Jan. 27
-------------------------------------------------------------
A meeting of creditors in the bankruptcy case of Creekside
Associates, Ltd., is scheduled for Jan. 27, 2015, at 1:30 p.m., at
833 Chestnut Street, Suite 501, Philadelphia.

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

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

                    About Creekside Associates

Creekside Associates, Ltd., owns and operates the Creekside
Apartments, a 1000+ unit apartment complex located at 2500 Knights
Road, Bensalem, Pennsylvania.

Creekside Associates filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Pa. Case No. 14-19952) in Philadelphia on Dec. 19,
2014.  The case is assigned to Judge Stephen Raslavich.  The
Debtor estimated $50 million to $100 million in assets and debt.

The Debtor has tapped Dilworth Paxson LLP as bankruptcy attorneys
and Kaufman, Coren & Ress, P.C., as special counsel.


DDR CORP: Fitch Affirms 'BB' Rating on $350MM Preferred Stock
-------------------------------------------------------------
Fitch Ratings has assigned a credit rating of 'BBB-' to the $500
million 3.625% senior notes due 2025 issued by DDR Corp. (NYSE: DDR
or the company).  The notes were priced at 99.260% of their face
amount to yield 3.714% to maturity, or 180 basis points over the
benchmark rate.

The company expects to use the net proceeds to repay debt under its
$350 million term loan, to repay $100 million of the $400 million
outstanding under its secured term loan, to repay borrowings under
its $750 million unsecured revolving credit facility and for
general corporate purposes, which may include the repayment of
secured and unsecured debt from time to time.

KEY RATING DRIVERS

DDR's 'BBB-' Issuer Default Rating (IDR) takes into account credit
strengths including DDR's improving asset quality via non-core
asset sales and re-development, strong expected fixed-charge
coverage for the rating, granular tenant roster with select strong
credit tenants and improving financial flexibility, featuring a
growing unencumbered pool.  Balancing these factors is leverage
that remains at the higher end of a range Fitch believes is
appropriate for the 'BBB-' rating and a low liquidity coverage
ratio on a pro forma basis.  The company's strong access to capital
and limited cost to complete development mitigate near-term
liquidity risk.

Improving Asset Quality

DDR continues to execute on its strategic plan, which entails
investing in market-dominant power centers in large and
supply-constrained markets occupied by retailers that cater to the
consumer's desire for value and convenience.  Portfolio
transformation has been evidenced by a lower asset count of 415
properties currently, down from 621 in 2008, and DDR's goal is
reducing the portfolio to approximately 350 assets.  The average
asset size increased to 275,000 square feet (sf) currently from
190,000 sf in 2008.  Fitch views this portfolio transformation
favorably because it has resulted in stronger leasing and rental
rates.  The leased rate is 95.6% currently, up from 92.6% in 2008
and average rent per sf is $13.65 currently, up from $12.34 in
2008.

Strong Leasing Spreads; CapEx Weighs on Effective Rents

Blended leasing spreads on new and renewal leases were 10.2% in
3Q'14, compared to 8.3% growth in 2013, 6.7% in 2012, and 6.1% in
2011.  During 3Q'14, new leases were signed at $17.22 per sf and
renewal leases were signed at $13.91 per sf.  However, capital
expenditures continue to weigh on cash flow growth. Capex per
square foot represented 4.9% of total face rent for the trailing 12
months (TTM) ended Sept. 30, 2014, up from 3.7% in 2013 and 3.1% in
2012.

Solid Fixed-Charge Coverage

DDR's fixed-charge coverage ratio was 2.3x for the TTM ended
Sept. 30, 2014 pro forma for the 2025 senior notes offering and the
October 2014 acquisition of 71 shopping centers by a joint venture
(JV) formed by DDR and an affiliate of Blackstone Real Estate
Partners VII, which DDR funded with proceeds from asset sales.
Fixed-charge coverage was 2.3x for 2013 and 2.0x in 2012. Growth in
organic and redevelopment EBITDA were the primary contributors to
the improvement.  Under Fitch's base case whereby the company
generates 3% same-store net operation income (SSNOI) growth in 2015
(due to positive releasing spreads and minor improvements in
occupancy) followed by a slight moderation in 2016, fixed-charge
coverage would be in the low-to-mid-2x range over the next 12-to-24
months, which would be strong for the 'BBB-' rating.

In a stress case not anticipated by Fitch in which SSNOI declines
by levels experienced in 2009, fixed-charge coverage would remain
just above 2x, which would still be adequate for the 'BBB-' rating.
Fitch defines fixed-charge coverage as recurring operating EBITDA
including recurring cash distributions from unconsolidated entities
less recurring capital expenditures and straight-line rent
adjustments, divided by total interest incurred and preferred stock
dividends.

Granular Tenant Base

DDR has limited tenant concentration and quality credit tenants
including TJX Companies (3.2% of base rent in 3Q'14), Bed Bath &
Beyond (2.8%),Wal-Mart Stores, Inc. (Fitch IDR of 'AA' with a
Stable Outlook at 2.7%), PetSmart (2.6%) and Kohl's Corporation
(IDR of 'BBB+' with a Stable Outlook at 2.3%) and no other tenant
exceeds 2% of base rental revenues.

Growing Unencumbered Asset Pool

The company grew annualized unencumbered net operating income (NOI)
to $445 million currently from $252 million in 2009, and the
percentage of consolidated NOI derived from unencumbered assets
increased to 66% currently from 49% in 2009.  As of Sept. 30, 2014,
the company's unencumbered assets (3Q'14 annualized unencumbered
NOI divided by a stressed 8% capitalization rate) covered pro forma
net unsecured debt by 1.9x, which is weak for the rating.  The
company's goal for 2015 is to repay secured mortgages with
unsecured paper, which should enhance financial flexibility;
however, Fitch expects unencumbered asset coverage to remain just
below 2.0x.

Somewhat High Leverage for Rating

Leverage was 7.5x as of Sept. 30, 2014 pro forma for the 2025 notes
offering and Blackstone joint venture acquisition, down from 8.2x
in 2013 and 7.8x in 2012.  Leverage was skewed upward for full-year
2013 due to the timing of the company's October 2013 acquisition of
a portfolio of 30 power centers previously owned by JV with
Blackstone Real Estate Partners VII L.P. for $1.46 billion.

Fitch projects that leverage will approach 7.0x over the next
12-to-24 months principally due to EBITDA growth, which would be
appropriate for the 'BBB-' rating.  In the above-mentioned stress
case not anticipated by Fitch, leverage would exceed 7.5x, which
would be more consistent with a 'BB+' rating.  Fitch defines
leverage as net debt to recurring operating EBITDA including
recurring cash distributions from unconsolidated entities.

Liquidity Coverage Impacted Negatively by 2015 Debt Maturities

Liquidity coverage is 0.8x for the period Oct. 1, 2014 to Dec. 31,
2016.  Fitch defines liquidity coverage as sources divided by uses.
Liquidity sources include unrestricted cash (pro forma for the
2025 notes offering and Blackstone JV acquisition), availability
under the company's unsecured revolving credit facilities, and
projected retained cash flows from operating activities.  Liquidity
uses include pro rata debt maturities, projected recurring capital
expenditures and remaining cost to complete development.  DDR has
heavy 2015 debt maturities, when 17.5% of pro forma debt matures.

If 80% of secured debt maturities are refinanced through Dec. 31,
2016, liquidity coverage would improve to 1.2x; however, Fitch does
not view this as a likely scenario, since the company intends to
continue unencumbering the portfolio.

Mitigating liquidity risk is DDR's strong access to capital.  In
addition to the 2025 notes issuance, in November 2013, DDR issued
$300 million aggregate principal amount of 3.50% senior unsecured
notes due January 2021 to repay mortgage debt assumed from the
acquisition of assets from another JV with Blackstone.  The company
also selectively accessed the mortgage debt market in 2014, on its
Plaza Escorial property located in Puerto Rico, for example.

The company's adjusted funds from operations (AFFO) payout ratio
was 63.0% in 3Q'14, up from 61.2% in 2013 and 57.0% in 2012 and
reflective of internally generated liquidity of over $130 million
annually.  In January 2015, the company raised its common stock
dividend to an annualized rate of $0.69 per share compared with an
annualized rate of $0.62 per share previously.

Active Redevelopment Pipeline

Cost-to-complete to development represented 1.3% of undepreciated
assets as of Sept. 30, 2014, up slightly from 2009-2011 levels but
still below 3.5% as of year-end 2007.  The company's five
development projects are located in Chicago, IL, Orlando, FL,
Seabrook, NH, New Haven, CT and Kansas City, KS, and are expected
to be completed by year-end 2015.

DDR has eight redevelopment projects underway and has identified
approximately $635 million of active and redevelopment
opportunities.  The company could potentially grow the
redevelopment pipeline to $1 billion.  For example, the company
redeveloped Brookside Marketplace in Chicago, IL adding Ross Dress
for Less, Panera Bread and Pier 1 Imports through development and
T.J. Maxx through small shop consolidation, generating an unlevered
cash- on-cost of 10.3%.  These improvements should improve asset
quality and cash flow growth as DDR generally targets an unlevered
cash-on-cost in excess of 10%.

Puerto Rico Exposure

Puerto Rico accounts for 8.6% of DDR's annualized base rent.  In
July 2014, Fitch downgraded the ratings for the Commonwealth of
Puerto Rico debt to 'BB-' from 'BB', following the February 2014
downgrade to 'BB' from 'BBB-'.  The Rating Outlook is Negative. The
Commonwealth has repeatedly demonstrated its focus on bolstering
the fundamentals of its general credit, including through continued
progress in closing the general fund budget deficit and limiting
exposure to public corporation shortfalls. The Commonwealth's
economy has been in recession since 2006. Despite economic
weakness, DDR's portfolio in Puerto Rico has performed well with
blended rents psf up 7.5% from 2009 to 2013, spurred by demand from
relationship tenants.

Chief Executive Officer Separation Announcement

On Jan. 2, 2015, DDR announced that Daniel B. Hurwitz and DDR's
Board of Directors finalized a mutually agreed upon separation
agreement whereby Hurwitz will remain an employee of the company
until Feb. 14, 2015; however, Hurwitz relinquished his role as CEO
and Director of DDR, effective Dec. 31, 2014.  David J. Oakes is
President and Chief Financial Officer, a position he assumed on
Jan. 1, 2013.  Under the current executive team, DDR continues to
execute on various elements of DDR's strategic plan to improve
portfolio quality, engage in transactions such as acquisitions and
dispositions, and improve portfolio operations and balance sheet
metrics.

Preferred Stock Notching

The two-notch differential between DDR's IDR and preferred stock
rating is consistent with Fitch's criteria for corporate entities
with an IDR of 'BBB-'.  Based on Fitch research titled 'Treatment
and Notching of Hybrids in Nonfinancial Corporate and REIT Credit
Analysis', these preferred securities are deeply subordinated and
have loss absorption elements that would likely result in poor
recoveries in the event of a corporate default.

Stable Outlook

The Stable Outlook centers on Fitch's expectation of leverage
around 7.0x, which is appropriate for the rating; fixed-charge
coverage in the mid-2x range, which is strong for the rating; and
weak liquidity coverage for the rating (offset by a growing
unencumbered pool).

RATING SENSITIVITIES

These factors may have a positive impact on DDR's ratings and/or
Outlook:

   -- Fitch's expectation of leverage sustaining below 6.5x is the

      primary factor for positive momentum on the ratings and/or
      Outlook, since this metric is more consistent through
      interest rate cycles (pro forma leverage is 7.5x);

   -- Fitch's expectation of growth in the size and quality of the

      unencumbered pool with unencumbered assets (unencumbered NOI

      divided by a stressed capitalization rate of 8.0%) to net
      unsecured debt of 2.5x is another important positive (this
      metric is 1.9x pro forma);

   -- Fitch's expectation of fixed-charge coverage sustaining
      above 2.3x is a less meaningful ratings sensitivity for
      positive momentum as it is less consistent through interest
      rate cycles (pro forma fixed-charge coverage is 2.3x).

These factors may have a negative impact on DDR's ratings and/or
Outlook:

   -- Fitch's expectation of leverage sustaining above 7.5x;
   -- Fitch's expectation of fixed-charge coverage sustaining
      below 2.0x;
   -- Base-case liquidity coverage sustaining below 1.0x (this
      ratio is 0.8x pro forma from Oct. 1, 2014 to Dec. 31, 2016).

Fitch currently rates DDR Corp. as:

   -- Issuer Default Rating (IDR) 'BBB-';
   -- $815 million unsecured revolving credit facilities 'BBB-';
   -- $350 million senior unsecured term loans 'BBB-' (Fitch
      expects to withdraw this rating upon repayment);
   -- $337.1 million senior unsecured convertible notes 'BBB-';
   -- $2.4 billion senior unsecured notes 'BBB-';
   -- $350 million preferred stock 'BB'.



DEB STORES: Hires Great American as Consultant
----------------------------------------------
Deb Stores Holding LLC and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the District of Delaware to
employ Great American Group, LLC as consultant to the Debtors to
continue certain pre-petition store closing sales, nunc pro tunc to
the Dec. 4, 2014 petition date.

The Debtors require Great American to:

   (a) provide a qualified, full time Supervisor to assist
       merchant in conducting the sale;

   (b) oversee the sale of the merchandise from the store;

   (c) recommend appropriate point of purchase, point of sale and
       external advertising to effectively sell the merchandise
       during the sale term, consistent with the applicable sale
       theme agreed to with merchant;

   (d) recommend appropriate pricing, display and discounting of
       merchandise, as well as recommend appropriate staffing
       levels for the store and appropriate bonus and incentive
       programs for store employees; and

   (e) provide such other related services deemed necessary or
       prudent by merchant and consultant under the circumstances
       giving rise to the sale.

Great American will be compensated as follows:

   -- Consultant Fees.  Great American shall be entitled to a fee  

      equal to 2% of the gross proceeds of the sale, payable
      weekly in accordance the submissions of invoices.

   -- Sale Expenses.  In connection with the sales, merchant shall

      be responsible for the payment of all expenses incurred in
      operating the store and conducting the sale, including all
      Sale Expenses.  Great American shall not exceed the
      aggregate amount of sale expenses.

Mark P. Naughton, senior vice president and general counsel of
Great American, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

Great American can be reached at:

       Mark P. Naughton, Esq.
       Great American Group, LLC
       10 South LaSalle St., Ste. 2170
       Chicago, IL 60603
       Tel: (312) 596-5759
       E-mail: mnaughton@greatamerican.com

                          About Deb Stores

Headquartered in Philadelphia, Pennsylvania, Deb Stores is a
mall-based retailer in the juniors "fast-fashion" specialty sector
that operates under the name "DEB" and offers moderately priced,
fashionable, coordinated women's sportswear, dresses, coats,
lingerie, accessories and shoes for junior and plus sizes.  The
company, founded by Philip Rounick and Emma Weiner, opened its
first store under the name JOY Hosiery in Philadelphia,
Pennsylvania in 1932.  As of Sept. 30, 2014, the company operated
a total of 295 retail store locations (primarily in the East and
Midwest, especially Pennsylvania, Ohio and Michigan) as well as an
e-commerce channel.

On June 26, 2011, Deb Stores' predecessors -- DSI Holdings Inc. and
its subsidiaries -- sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 11-11941) and closed the sale of the assets three
months later to Ableco Finance, LLC, the agent for the first lien
lenders.

Deb Stores Holding LLC and eight affiliated companies commenced
Chapter 11 bankruptcy cases in Delaware on Dec. 4, 2014.  The
Debtors are seeking to have their cases jointly administered, with
pleadings maintained on the case docket for Deb Stores Holding
(Case No. 14-12676).  The cases are assigned to Judge Mary F.
Walrath.

Laura Davis Jones, Esq., Colin R. Robinson, Esq., at and Peter J.
Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington,
Delaware, serve as counsel to the Debtors.  Epiq Bankruptcy
Solutions, LLC, is the claims and noticing agent.

As of Dec. 31, 2014, the Debtors' most recent audited consolidated
financial statements reflected assets totaling $90.5 million and
liabilities totaling $120.1 million.


DEB STORES: Returns on Items Accepted Until Feb. 6
--------------------------------------------------
Amy Marchiano at Republicanherald.com reports that returns on items
bought at Deb Shops purchased before Jan. 8, 2015, will be accepted
through Feb. 6, 2015.

Republicanherald.com relates that the Deb Shops at the Schuylkill
Mall is one of 287 stores in 42 states closing nationwide as a
result of bankruptcy.  The stores could close by April once the
merchandise is sold, the report states, citing an employee at the
location who refused to give her name.

Matthew Woods at Midland Daily News adds that the Midland Best Buy
store is closing on Feb. 14, 2015, while the Deb Shops Junior and
Plus store in the Midland Mall will be closing its doors in the
near future.

                         About Deb Stores

Headquartered in Philadelphia, Pennsylvania, Deb Stores is a
mall-based retailer in the juniors "fast-fashion" specialty sector
that operates under the name "DEB" and offers moderately priced,
fashionable, coordinated women's sportswear, dresses, coats,
lingerie, accessories and shoes for junior and plus sizes.  The
company, founded by Philip Rounick and Emma Weiner, opened its
first store under the name JOY Hosiery in Philadelphia,
Pennsylvania in 1932.  As of Sept. 30, 2014, the company operated
a
total of 295 retail store locations (primarily in the East and
Midwest, especially Pennsylvania, Ohio and Michigan) as well as an
e-commerce channel.

On June 26, 2011, Deb Stores' predecessors -- DSI Holdings Inc.
and
its subsidiaries -- sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 11-11941) and closed the sale of the assets three
months later to Ableco Finance, LLC, the agent for the first lien
lenders.

Deb Stores Holding LLC and eight affiliated companies commenced
Chapter 11 bankruptcy cases in Delaware on Dec. 4, 2014.  The
Debtors are seeking to have their cases jointly administered, with
pleadings maintained on the case docket for Deb Stores Holding
(Case No. 14-12676).  The cases are assigned to Judge Mary F.
Walrath.

Laura Davis Jones, Esq., Colin R. Robinson, Esq., at and Peter J.
Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington,
Delaware, serve as counsel to the Debtors.  Epiq Bankruptcy
Solutions, LLC, is the claims and noticing agent.

As of Dec. 31, 2014, the Debtors' most recent audited consolidated
financial statements reflected assets totaling $90.5 million and
liabilities totaling $120.1 million.


DELPHI AUTOMOTIVE: Accused of Skirting Bankruptcy Obligations
-------------------------------------------------------------
Sara Randazzo, writing for Daily Bankruptcy Review, reported that
two hedge funds are suing Delphi Automotive PLC accusing the
auto-parts supplier of failing to pay up to $300 million promised
to creditors as part of its bankruptcy plan.

According to the report, in a lawsuit filed in U.S. Bankruptcy
Court in Manhattan, Solus Alternative Asset Management and Angelo,
Gordon & Co. say Delphi is about to renege on commitments it made
under its plan to exit bankruptcy in 2009.  The funds asked the
court to reopen Delphi's bankruptcy case, which has been largely
dormant since the end of last year, the report related.

                         About Delphi Corp.

Based in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is a global supplier of electronics and  
technologies for automotive, commercial vehicle and other market
segments.  Delphi operates major technical centers, manufacturing
sites and customer support facilities in 30 countries.

The Company filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 05-44481) on Oct. 8, 2005.  John Wm. Butler Jr., Esq.,
John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP, represented the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represented the Official Committee of Unsecured Creditors.  As of
June 30, 2008, the Debtors' balance sheet showed $9.16 billion in
assets and $23.7 billion in debt.

The Court confirmed Delphi's plan on Jan. 25, 2008.  The Plan was
not consummated after a group led by Appaloosa Management, L.P.,
backed out from their proposal to provide $2.55 billion in equity
financing to Delphi.  At the end of July 2009, Delphi obtained
confirmation of a revised plan, build upon a sale of the assets to
a entity formed by some of the lenders who provided $4 billion of
debtor-in-possession financing, and General Motors Company.

On Oct. 6, 2009, Delphi's Chapter 11 plan of reorganization became
effective.  A Master Disposition Agreement executed among Delphi
Corporation, Motors Liquidation Company, General Motors Company,
GM Components Holdings LLC, and DIP Holdco 3, LLC, divides Delphi's
business among three separate parties -- DPH Holdings LLC, GM
Components, and DIP Holdco 3.

Delphi emerged from Chapter 11 as DPH Holdings.  DPH Holdings is
responsible for the post-Effective Date administration and eventual
closing of the Chapter 11 cases as well as the disposition of
certain retained assets and payment of certain retained liabilities
as provided under the Modified Plan.

Delphi Automotive PLC is UK-based company formed in May 2011 as a
holding company for US-based automotive parts manufacturer Delphi
Automotive LLP.  Delphi Automotive LLP is the successor to the
former Delphi Corporation.  At the time of its formation, Delphi
Automotive PLC filed an initial public offering seeking to raise at
least $100 million.


DETROIT, MI: Homeowners Face New Test in Foreclosure Notices
------------------------------------------------------------
Matthew Dolan, writing for The Wall Street Journal, reported that
after years of delay, Wayne County, which includes the city of
Detroit, is informing residents in an estimated 35,000 occupied
homes that they are delinquent in their city taxes, which could
lead to their houses being auctioned off.  That could affect about
one in seven Detroit residents, or 97,733 people, the Journal said,
citing an analysis of Wayne County’s foreclosure list by
Detroit-based Loveland Technologies.

                   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.


DEWEY & LEBOEUF: Ex-Leaders Criminal Trial to Start in April
------------------------------------------------------------
Sara Randazzo, writing for The Wall Street Journal, reported that
Dewey & LeBoeuf's three former leaders -- Steven Davis, Stephen
DiCarmine and Joel Sanders -- will head to court April 27 to kick
off a trial expected to last four to six months, New York state
Supreme Court Justice Robert Stolz said.

According to the report, the three stand accused of accounting
fraud as part of an alleged scheme to hide the true nature of
Dewey's financial condition in the run-up to the firm’s dramatic
2012 collapse.

                      About Dewey & LeBoeuf

Dewey & LeBoeuf LLP sought Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 12-12321) to complete the wind-down of its operations.
The firm had struggled with high debt and partner defections.
Dewey disclosed debt of $245 million and assets of $193 million in
its chapter 11 filing late evening on May 29, 2012.

Dewey & LeBoeuf LLP operated as a prestigious, New York City-
based, law firm that traced its roots to the 2007 merger of Dewey
Ballantine LLP -- originally founded in 1909 as Root, Clark & Bird
-- and LeBoeuf, Lamb, Green & MacCrae LLP -- originally founded in
1929.  In recent years, more than 1,400 lawyers worked at the firm
in numerous domestic and foreign offices.

At its peak, Dewey employed about 2,000 people with 1,300 lawyers
in 25 offices across the globe.  When it filed for bankruptcy,
only 150 employees were left to complete the wind-down of the
business.

Dewey's offices in Hong Kong and Beijing are being wound down.
The partners of the separate partnership in England are in process
of winding down the business in London and Paris, and
administration proceedings in England were commenced May 28.  All
lawyers in the Madrid and Brussels offices have departed.  Nearly
all of the lawyers and staff of the Frankfurt office have
departed, and the remaining personnel are preparing for the
closure.  The firm's office in Sao Paulo, Brazil, is being
prepared for closure and the liquidation of the firm's local
affiliate.  The partners of the firm in the Johannesburg office,
South Africa, are planning to wind down the practice.

The firm's ownership interest in its practice in Warsaw, Poland,
was sold to the firm of Greenberg Traurig PA on May 11 for
$6 million.  The Pension Benefit Guaranty Corp. took $2 million of
the proceeds as part of a settlement.

Judge Martin Glenn oversees the case.  Albert Togut, Esq., at
Togut, Segal & Segal LLP, represents the Debtor.  Epiq Bankruptcy
Solutions LLC serves as claims and notice agent.  The petition was
signed by Jonathan A. Mitchell, chief restructuring officer.

JPMorgan Chase Bank, N.A., as Revolver Agent on behalf of the
lenders under the Revolver Agreement, hired Kramer Levin Naftalis
& Frankel LLP.  JPMorgan, as Collateral Agent for the Revolver
Lenders and the Noteholders, hired FTI Consulting and Gulf
Atlantic Capital, as financial advisors.  The Noteholders hired
Bingham McCutchen LLP as counsel.

The U.S. Trustee formed two committees -- one to represent
unsecured creditors and the second to represent former Dewey
partners.  The creditors committee hired Brown Rudnick LLP led by
Edward S. Weisfelner, Esq., as counsel.  The Former Partners hired
Tracy L. Klestadt, Esq., and Sean C. Southard, Esq., at Klestadt &
Winters, LLP, as counsel.

FTI Consulting, Inc. was appointed secured lender trustee for the
Secured Lender Trust.  Alan Jacobs of AMJ Advisors LLC, was named
Dewey's liquidation trustee.  Scott E. Ratner, Esq., Frank A.
Oswald, Esq., David A. Paul, Esq., Steven S. Flores, Esq., at
Togut, Segal & Segal LLP, serve as counsel to the Liquidation
Trustee.

Dewey's liquidating Chapter 11 plan was approved by the bankruptcy
court in February 2013 and implemented in March.  The plan created
a trust to collect and distribute remaining assets.  The firm
estimated that midpoint recoveries for secured and unsecured
creditors under the plan would be 58.4 percent and 9.1 percent,
respectively.


DOVER DOWNS: Downriver Capital Has 8.3% Stake as of Dec. 31
-----------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Downriver Capital Management, LLC, disclosed that as of
Dec. 31, 2014, it beneficially owned 1,486,350 shares of common
stock of Dover Downs Gaming & Entertainment, Inc., representing
8.3% as of Jan. 8, 2015 (based on 17,880,650 shares of Common Stock
outstanding).  A full-text copy  of the regulatory filing is
available at http://is.gd/TiYdHb

                         About Dover Downs

Owned by Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE),
Dover Downs Hotel & Casino(R) is a gaming and entertainment resort
destination in the Mid-Atlantic region.  Gaming operations consist
of approximately 2,500 slots and a full complement of table games
including poker.  The AAA-rated Four Diamond hotel is Delaware's
largest with 500 luxurious rooms/suites and amenities including a
full-service spa/salon, concert hall and 41,500 sq. ft. of multi-
use event space.  Live, world-class harness racing is featured
November through April, and horse racing is simulcast year-round.
Professional football parlay betting is accepted during the
season.  Additional property amenities include multiple
restaurants from fine dining to casual fare, bars/lounges and
retail shops.  For more information, please visit
http://www.doverdowns.com/  

As reported by the TCR on Oct. 31, 2014, Dover Downs was notified
by the New York Stock Exchange that the average closing price of
our common stock had fallen below $1.00 per share over a period of
30 consecutive trading days, which is the minimum average share
price for continued listing on the NYSE under the NYSE Listed
Company Manual.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent accounting firm noted
that the Company's credit facility expires on June 17, 2014, and
at present no agreement has been reached to refinance the debt,
which raises substantial doubt about the Company's ability to
continue as a going concern.

The Company's balance sheet at Sept. 30, 2014, showed $185.15
million in total assets, $68.83 million in total liabilities and
$116.31 million in total stockholders' equity.


DOVER DOWNS: Gates Capital Reports 5.3% Equity Stake at Dec. 31
---------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Gates Capital Management, L.P., and its
affiliates disclosed that as of Dec. 31, 2014, they beneficially
owned 940,352 shares of common stock of Dover Downs Gaming &
Entertainment, Inc., representing 5.3 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at http://is.gd/qRhQeo

                         About Dover Downs

Owned by Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE),
Dover Downs Hotel & Casino(R) is a gaming and entertainment resort
destination in the Mid-Atlantic region.  Gaming operations consist
of approximately 2,500 slots and a full complement of table games
including poker.  The AAA-rated Four Diamond hotel is Delaware's
largest with 500 luxurious rooms/suites and amenities including a
full-service spa/salon, concert hall and 41,500 sq. ft. of multi-
use event space.  Live, world-class harness racing is featured
November through April, and horse racing is simulcast year-round.
Professional football parlay betting is accepted during the
season.  Additional property amenities include multiple
restaurants from fine dining to casual fare, bars/lounges and
retail shops.  For more information, please visit
http://www.doverdowns.com/  

As reported by the TCR on Oct. 31, 2014, Dover Downs was notified
by the New York Stock Exchange that the average closing price of
our common stock had fallen below $1.00 per share over a period of
30 consecutive trading days, which is the minimum average share
price for continued listing on the NYSE under the NYSE Listed
Company Manual.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent accounting firm noted
that the Company's credit facility expires on June 17, 2014, and
at present no agreement has been reached to refinance the debt,
which raises substantial doubt about the Company's ability to
continue as a going concern.

The Company's balance sheet at Sept. 30, 2014, showed $185 million
in total assets, $68.8 million in total liabilities and $116
million of stockholders' equity.


DUFF & PHELPS: S&P Affirms B Secured Debt Rating Over Loan Add-on
-----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' issue-level
rating on Duff & Phelps Corp.'s senior secured debt following the
company's proposal to put in place an incremental $160 million
secured term loan.  The '3' recovery rating on the debt remains
unchanged, indicating S&P's expectation for meaningful recovery
(50%-70%; low end of the range) in the event of a payment default.


The company will use the proceeds from the proposed transaction to
fund acquisitions.  Pro forma for the financing and acquisitions,
adjusted debt leverage will increase to 6.3x from 6.1x for the 12
months ended Sept. 30, 2014.  Based on S&P's modest growth
expectations for 2015, it expects that pro forma adjusted debt
leverage will decrease to 6.1x by the end of 2015.

S&P views Duff & Phelps business risk profile as "fair," based on
the company's position as a midsize valuation and corporate
financial advisory firm operating in a highly competitive national
market.  The company has a well-recognized brand name and good
reputation, with a market-leading share in valuation advisory
services, but it competes against significantly larger players with
broader capabilities and more financial resources.

The stable rating outlook on Duff & Phelps incorporates S&P's
assumption that the company will experience modest growth over the
next two to three years, which would enable it to maintain adjusted
debt leverage close to 6x.  If Duff & Phelps performs below S&P's
expectation and if its adjusted debt leverage rises above 6.5x, S&P
would likely lower the rating.  S&P views the probability of an
upgrade to 'B+' from 'B' as low.  An upgrade would require the
company adopting a more conservative financial policy and
decreasing its debt leverage to below 5x.

RATINGS LIST

Duff & Phelps Corp.
Corporate Credit Rating       B/Stable/--

Rating Affirmed; Recovery Rating Unchanged

Duff & Phelps Corp.
Senior Secured                B
  Recovery Rating              3



EGENIX INC: Files for Chapter 11 Bankruptcy Protection
------------------------------------------------------
Egenix, Inc., on Jan. 14 disclosed that it has filed a voluntary
petition under chapter 11 of the U.S. Bankruptcy Code in order to
facilitate the restructuring of the Company's balance sheet and
capital structure.  Upon the commencement of the Company's chapter
11 case, William T. Nolan was appointed as the Company's Chief
Restructuring Officer.

Mr. Nolan commented: "Although the Company and its corporate and
scientific advisors believe that the Company's cancer therapeutics
technology holds great promise, the Company requires additional
funding from investors to continue the Company's research and
development efforts and meet its current and future financial
obligations.  By availing ourselves of the chapter 11 process, we
believe we can restructure the Company's balance sheet and capital
structure to make the Company much more attractive to potential
investors.  That investment will allow the Company to push forward
with its critical research and development initiatives."

"The Company has sufficient cash to continue business as usual, and
plans to obtain debtor-in-possession financing to fund additional
research and development activity and facilitate the Company's
rapid movement through the chapter 11 process," Mr. Nolan
continued.

During the process, the Company is being represented by Devonshire
Holdings, Inc. and Cole, Schotz, Meisel, Forman & Leonard, P.A.

Headquartered in LaGrangeville, New York, Egenix, Inc., is a
privately held biotechnology company focused on developing
innovative cancer therapeutics.


EXELIXIS INC: Wellington Stake Down to 0.64% as of Dec. 31
----------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Wellington Management Group LLP disclosed that
as of Dec. 31, 2014, it beneficially owned 1,246,283 shares of
commons stock of Exelixis Inc. representing 0.64 percent of the
shares outstanding.

Effective Jan. 1, 2015, Wellington Management Company, LLP, a
registered investment advisor, changed its name to Wellington
Management Group LLP and transferred its United Stated advisory
business to Wellington Management Company LLP, a Delaware limited
liability partnership.

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

                         http://is.gd/b1xV8N

                          About Exelixis Inc.

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

The Company's balance sheet at Sept. 30, 2014, showed $384 million

in total assets, $442 million in total liabilities and
total stockholders' deficit of $58.5 million.

Exelixis reported a net loss of $245 million in 2013 following
a net loss of $148 million in 2012.


FALCON STEEL: Gets Court Approval to Sell Equipment to Ingenia
--------------------------------------------------------------
Falcon Steel Co. obtained a court order authorizing the company to
sell heavy equipment to Ingenia GmbH for EUR878,000.

The court order signed by U.S. Bankruptcy Judge D. Michael Lynn
allows Falcon Steel to sell the equipment "free and clear of any
and all liens, claims and encumbrances."  A provision, however, was
included in the court order to address issues raised by Texas
Capital Bank, which states that those liens, claims and
encumbrances "shall attach to the proceeds of the sale."

The court order also includes a provision requiring Falcon Steel to
deposit the sale proceeds in an account maintained at Texas Capital
Bank pending further determination of their respective rights to
the proceeds.    

                        About Falcon Steel

Falcon Steel Company and New Falcon Steel, LLC, sought Chapter 11
protection in the U.S. Bankruptcy Court for the Northern District
of Texas, Fort Worth Division (Case Nos. 14-42585 and 14-42586) on
June 29, 2014.  Falcon Steel claims to be the only American-owned
company that builds steel lattice towers for high electrical
transmission lines.

Falcon Steel was formed in 1963 and has operated continuously since
that time as a manufacturer engaged in fabricating and galvanizing
structural steel for customers in the United States.  New Falcon, a
subsidiary, suspended operations in June 2013 and is being held for
sale.

Falcon has three manufacturing plants in the DFW area in Texas,
with one facility in Haltom City, another in Euless, and the third
facility in Kaufman, Texas.  The company's corporate headquarters
is located at its Haltom City plant.  It currently employs
approximately 255 employees.

Bankruptcy Judge D. Michael Lynn, in an amended order, directed the
joint administration of the case of Falcon Steel Company and New
Falcon Steel, LLC (Lead Case No. 14-42585).

Falcon Steel estimated assets and debt of $10 million to $50
million.

The Debtors have tapped Forshey & Prostok, LLP, as general counsel
and Decker, Jones, McMackin, McClane, Hall & Bates, P.C. as special
corporate counsel.  Ryan LLC acts as property tax consultant.  The
Debtors also tapped Western Operations LLC as financial consultant,
and Rylander, Clay & Opitz, LLP, as accountants.

The U.S. Trustee has appointed a five-member panel to serve as the
official unsecured creditors committee in the Debtors' cases.  The
Committee has tapped McCathern, PLLC, as counsel.


GARLOCK SEALING: Enters Into Agreement with Claims Representative
-----------------------------------------------------------------
EnPro Industries, Inc., and its Garlock Sealing Technologies
subsidiary have reached agreement with the court-appointed legal
representative of future asbestos claimants (the FCR) in GST's
Asbestos Claims Resolution Process (ACRP).  The agreement includes
a revised plan of reorganization that, if approved by the
Bankruptcy Court and implemented, will provide certainty and
finality to the expenditures necessary to resolve all current and
future asbestos claims against GST and against its Garrison
Litigation and Anchor Packing subsidiaries.  The FCR has agreed to
support, recommend and vote in favor of the amended plan, which
provides generous payments to all claimants with a compensable
disease and meaningful contact with GST's asbestos-containing
products during the course of their working careers.  EnPro
estimates the current after-tax, net present value of the revised
plan to be $205 million, with a maximum after-tax, net present
value of $236 million.  EnPro expects an additional pre-tax amount
of $12 million to be paid to non-asbestos creditors and to
claimants who prove they have a contractual right to payment of
asbestos claims that were settled but unpaid when GST entered into
bankruptcy on June 4, 2010.

EnPro says that it expects continued opposition from the committee
representing current asbestos claimants (the Asbestos Claimants
Committee or ACC) and their law firms.  GST estimates it could take
15 to 24 months from now to reach confirmation.  ACC appeals could
delay conclusion of the case further.

A total of $357.5 million will be required to fund the resolution
of all asbestos claims under the revised plan.  The total includes
$250 million to be contributed at the effective date of the plan
and $77.5 million to be contributed over the following seven years.
These funds will be available to pay asbestos claimants who meet
qualifying disease and exposure criteria and elect to accept the
offered settlements, and to pay for related administrative fees.
The revised plan provides an initial $30 million at the effective
date to cover the litigation costs that will arise if claimants
elect to forego their settlement options in favor of litigating in
federal court.  The plan also calls for a contingent guarantee that
could provide additional litigation funding if necessary over a
40-year period.  However, EnPro believes that if the plan works as
envisioned and claimants act in their economic best interests, the
guarantee (which has a current after-tax, net present value of $31
million), will prove to be largely unnecessary.

EnPro anticipates that payments to the settlement and litigation
facilities, which will be paid primarily from GST cash balances and
remaining insurance, will be deductible against U.S. taxes. It will
seek an IRS determination to that effect.  EnPro will guarantee all
deferred payments to the plan.

Steve Macadam, EnPro's President and CEO, said, "We are pleased to
announce this agreement with Joe Grier, the independent,
court-appointed representative of all future asbestos claimants.
These claimants make up a majority of individuals who are expected
to file asbestos claims against GST, and we are confident this
agreement with their representative will lead to the certainty and
finality that we and GST seek in this process.  The revised plan is
true to the principles underlying Judge Hodges' estimation decision
last January but pays significantly more dollars to claimants,
ensuring it will be attractive to them and ultimately bring closure
to the ACRP."

In conjunction with this development, EnPro also disclosed that its
Board of Directors has adopted a policy under which it intends to
declare regular quarterly cash dividends on shares of EnPro's
common stock.  EnPro will pay an initial quarterly dividend of
$0.20 per share on March 16, 2015 to shareholders of record at the
close of business on March 2, 2015.  On an annualized basis, this
dividend payment equates to a payout yield of 34% of adjusted
earnings per share for the twelve months ended Sept. 30, 2014.  A
reconciliation of adjusted earnings per share to GAAP earnings per
share is provided in a table attached to this release.  EnPro will
review the dividend policy regularly and any future dividends will
be at the discretion of its Board of Directors after taking into
account its cash flow, earnings, financial position and other
relevant matters.

"Initiating a quarterly cash dividend is another important
milestone for EnPro Industries as we continue to successfully
navigate the asbestos claims resolution process and move towards a
more sustainable, long-term model of disciplined, efficient capital
allocation.  Beginning with the favorable court ruling last
January, followed by our successful entry into the debt capital
markets, and now with GST's agreement with the FCR and the
initiation of a dividend, we have demonstrated our ability to
access capital, grow our businesses in an unencumbered way and
thoughtfully return capital to shareholders to the extent it
exceeds our anticipated needs for internal capital and growth
investment," said Mr. Macadam.

                      About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more than
a century, Garlock has been helping customers efficiently
seal the toughest process fluids in the most demanding
applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel for
asbestos matters.

The Official Committee of Asbestos Personal Injury Claimants in the
Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P. Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his
co-counsel.

Judge George Hodges of the United States Bankruptcy Court for the
Western District of North Carolina on Jan. 10, 2014, entered an
order estimating the liability for present and future mesothelioma
claims against Garlock Sealing at $125 million, consistent with the
positions GST put forth at trial.


GENERAL MOTORS: Victims of Deadly Defect Fall Through Legal Cracks
------------------------------------------------------------------
Barry Meier and Hilary Stout, writing for The New York Times'
DealBook, reported that families of victims of the ignition-switch
defects in several General Motors vehicles have found it difficult
to hire lawyers willing to take on the automaker as rising lawsuit
costs have further dimmed the legal system's role in bringing the
risk of suppressing information in lawsuits about product dangers
to light.

According to the DealBook, experts said the incentives for
plaintiffs' lawyers to invest large sums of money in a case that
may or not serve as a kind of legal canary in a coal mine have been
diminished as companies, insurers and others, pointing to instances
of excessive jury awards and frivolous lawsuits, pushed state
lawmakers to pass measures that would reduce awards and limit
filings.

                       About General Motors

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.

                        *     *     *

The Troubled Company Reporter, on Sep. 29, 2014, reported that
Standard & Poor's Ratings Services raised its corporate credit
rating on U.S. automaker General Motors Co. (GM) to 'BBB-' from
'BB+', and revised the outlook to stable from positive.  At the
same time, S&P raised its issue-level rating on GM's unsecured
debt to 'BBB-' from 'BB+' and simultaneously withdrew its '4'
recovery rating on that debt, because S&P do not assign recovery
ratings to the issues of investment-grade companies.

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

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


GENUTEC BUSINESS: Plan Deadline Extended to Feb. 15
---------------------------------------------------
Genutec Business Solutions Inc. sought and obtained from the U.S.
Bankruptcy Court for the Central District of California an order
extending the deadline to file a Chapter 11 plan and disclosure to
Feb. 15, 2015.

The Debtor says the extension request provides it the best chance
of proposing a viable plan which can be confirmed.

                About Genutec Businesss Solutions

Genutec Business Solutions, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 14-13115) in Santa Ana,
Georgia, on May 16, 2014.  David Montoya signed the petition as
director.  The Debtor disclosed assets of $12,851,544 and
liabilities of $11,529,199.  Michael R Totaro, Esq., at Totaro &
Shanahan, in Pacific Palisades, California, acts as bankruptcy
counsel.  Judge Erithe A. Smith presides over the case.

The U.S. Trustee for Region 16 appointed three creditors to serve
on the official committee of unsecured creditors.


GREEN EARTH: Maturity of $7.5MM Debentures Extended to March 2016
-----------------------------------------------------------------
Pursuant to an amendment dated as of Dec. 16, 2014, the holders of
the Green Earth Technologies, Inc., 6% Secured Convertible
Debentures in the aggregate principal of $7.5 million due Dec. 31,
2014, agreed to extend the maturity date of the Debentures to March
31, 2016, according to a regulatory filing with the U.S. Securities
and Exchange Commission.

                  About Green Earth Technologies

White Plains, N.Y.-based Green Earth Technologies, Inc. (OTC QB:
GETG) -- http://www.getg.com/-- markets, sells and distributes
bio-degradable performance and cleaning products.  The Company's
product line crosses multiple industries including the automotive
aftermarket, marine and outdoor power equipment markets.

Green Earth incurred a net loss of $6.84 million for the year
ended June 30, 2014, compared to a net loss of $6.59 million
for the year ended June 30, 2013.

As of Sept. 30, 2014, the Company had $16.6 million in total
assets, $26.7 million in total liabilities, and a $10.08 million
total stockholders' deficit.

Friedman LLP, in East Hanover, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2014.  The independent auditors noted
that the Company's losses, negative cash flows from operations,
working capital deficit, related party note in default payable
upon demand and its ability to pay its outstanding liabilities
through fiscal 2014 raise substantial doubt about its ability to
continue as a going concern.


GT ADVANCED: SAS America Named to Creditors' Committee
------------------------------------------------------
The U.S. Trustee for Region 1 appointed SAS America, Inc., to GT
Advanced Technologies Inc.'s official committee of unsecured
creditors.  SAS America replaced Tera Xtal Technology Corp., which
resigned as member of the committee, according to a filing made in
U.S. Bankruptcy Court for the District of New Hampshire.

The unsecured creditors' committee is now composed of:

     (1) Manz, AG
         Steigaeckrstr. 5
         72768 Reutlingen
         Germany
         Attn: Mr. Martin Hipp, CFO

     (2) US Bank National Association, as Trustee
         60 Livingston Avenue
         St. Paul, MN 55107
         USA
         Attn: Mr. Barry Ihrke
               Vice President

     (3) Fidelity Convertible Securities Investment Trust
         245 Summer Street
         Boston, MA 02110
         USA
         Attn: Mr. Nate Van Duzer
               Managing Director

     (4) Meyer Burger AG
         Schorenstrasse 39
         CH-3645 Gwatt (Thun)
         Switzerland
         Attn: Mr. Derek B. Taylor, CFO for
               Subsidiary, Diamond Materials Tech, Inc.

     (5) SGL Carbon LLC
         10130 Perimeter Parkway, Suite 500
         Charlotte, NC 28216-2442
         USA
         Attn: Mr. Jason Lang

     (6) Sanmina Corporation
         2700 N. First Street
         San Jose, CA 95134
         USA
         Attn: Mr. Edward T. Attanasio
               Vice President and Legal Counsel

     (7) SAS America, Inc.
         c/o Samchung Advanced Solution America, Inc.
         476 N. Martingale Road
         Suite 710
         Schaumburg, IL 60173
         Attn: Mr. Alex Cho, President

               About GT Advanced Technologies Inc.

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.


HARRISONBURG REDEVELOPMENT: Moody's Cuts Rating on 2001B Bonds
--------------------------------------------------------------
Moody's Investors Service has downgraded to B3 from B2 Harrisonburg
Redevelopment & Housing Authority's (VA) Taxable Multi-family
Housing Revenue Bonds (Huntington Village Apartments Project)
Series 2001B. $1,295,000 of outstanding debt is affected.

This rating action concludes the review for downgrade initiated on
October 31, 2014 and removes the Bonds from review for downgrade.

Summary Rating Rationale

The downgrade is based on expected loss estimates. A revenue
insufficiency is projected on 8/1/2019 due to a mismatch between
the maturity of the credit-enhanced mortgage on May 1, 2019 and
final bond maturity on February 1, 2020.

The B3 rating reflects the potential shortfall of $45,000, which
amounts to an expected loss of 4% relative to the current bonds
outstanding. Moody's project the expected loss as a percentage of
bonds outstanding will increase as the bonds are paid off
semi-annually in accordance with its mandatory sinking fund
redemptions. As the expected loss as a percentage increases, the
rating is expected to be lowered to reflect the program's weakening
credit profile which is measured by the higher expected losses as a
percentage. Expected losses could be as high as 29% in 2019.

STRENGTHS

* Mortgage is enhanced by a Fannie Mae Credit Enhancement
   Instrument which is backed by the full faith and credit of the
   US (Aaa stable)

CHALLENGES

* Revenues cease on 5/1/2019 when mortgage matures but final bond

   maturity occurs 15 months later on 8/1/2020.

* Asset-to-debt ratio is currently at 98.4% and expected to
   deteriorate further.

* Relatively short time to bond maturity does not allow for
   rising interest rates to improve performance in a material way.

What Could Change the Rating UP

-- An infusion of assets that increases asset-to-debt ratio to
    above 100% and eliminates a projected revenue insufficiency.

What Could Change the Rating DOWN

-- The decline of the expected recovery



HAWAII MEDICAL CENTER: Cases Dismissed on Jan. 2
------------------------------------------------
Judge Robert J. Faris officially entered an order for the dismissal
of Hawaii Medical Center, et al.'s Chapter 11 cases effective as of
Jan. 2, 2015.

Counsel for the Debtors are authorized to take all steps
appropriate and necessary to dissolve the Debtors prior to and
after the effective date.

All post-settlement fees incurred by Cerner Corporation are allowed
and shall be paid in full, and (ii) all pre-settlement,
post-petition administrative claims of Cerner Corporation are
allowed in full and shall be paid pro-rata with all other allowed
administrative claims in the jointly-administered cases, the Court
ruled.

As reported in the Dec. 18, 2014 edition of the Troubled Company
Reporter, Cerner Corporation, a creditor and party-in-interest of
one or more of the Debtors, objected to the motion until its claim
is paid.  Cerner said that it is in all creditors' best interest to
convert the cases or not dismiss the cases until all
non-professional administrative creditors are paid.

                    About Hawaii Medical Center

The Hawaii Medical Center, along with its affiliates, filed for
Chapter 11 bankruptcy (Bankr. D. Hawaii Lead Case No. 11-01746) on
June 21, 2011, just a year after exiting court protection.  Hawaii
Medical Center owns two hospital campuses -- HMC East in North
Honolulu and HMC West in Ewa Beach.  The two hospitals have 342
licensed beds and have a total of more than 1,000 employees.  The
hospitals were known as St. Francis Medical Center before Hawaii
Medical purchased the hospitals in 2007.

Judge Robert J. Faris presides over the 2011 case.  Lawyers at
Moseley Biehl Tsugawa Lau & Muzzi, in Honolulu, Hawaii, and
McDonald Hopkins LLC, in Cleveland, Ohio, serve as the Debtors'
counsel.  The Debtors' financial advisors are Scouler & Company,
LLC.  In its 2011 petition, Hawaii Medical Center estimated
$50 million to $100 million in assets and $100 million to $500
million in debts.  The petitions were signed by Kenneth J. Silva,
member of the board of directors.

Attorneys at Wagner Choi & Verbrugge, in Honolulu, Hawaii, and
Pachulski Stang Ziehl & Jones LLP, in Los Angeles, represent the
Official Committee of Unsecured Creditors as counsel.

The Debtors' prepetition debt structure is comprised of (i) the
Prepetition Revolving Loan with MidCap Financial, LLC, and the
Prepetition Term Loan with St. Francis Healthcare Systems of
Hawaii.  As of the Petition Date, the aggregate outstanding
principal on the Prepetition MidCap Revolving Loan and the
Prepetition St. Francis Term Loan is $46,851,772.  The principal
balance of the Prepetion MidCap Revolving Loan is $7,676,495.  The
amount owed under the Prepetition St. Francis Term Loan is
$39,175,277, secured by St. Francis's first priority lien on,
among other things, all real property of the Debtors.

Through the Chapter 11 filing, the Debtors plan to return the
hospitals to the control of St. Francis.

In the prior case, HMC and its affiliated debtors were converted
to new, Hawaii non-profit corporations.  CHA Hawaii, one of HMC's
affiliated debtors and a subsidiary of Cardiovascular Hospitals of
America LLC, discontinued management of the reorganized Debtors.

Wichita, Kansas-based CHA Hawaii LLC, and its affiliates --
including Hawaii Medical Center LLC -- filed for Chapter 11
protection on Aug. 29, 2008 (Bankr. D. Del. Case No. 08-12027).
Laura Davis Jones, Esq., at Pachulski Stang Ziehl & Jones LLP
represented the Debtors in their restructuring efforts.  CHA
Hawaii estimated assets of up to $10 million and debts between
$50 million and $100 million when it filed for bankruptcy.  The
Debtors obtained confirmation of their Chapter 11 plan in May 2010
and emerged from bankruptcy in August 2010.

The Debtor disclosed $74,713,475 in assets and $91,599,563 in
liabilities as of the Chapter 11 filing.


HCA INC: Fitch Assigns 'BB-' Rating on $750MM Senior Notes
----------------------------------------------------------
Fitch Ratings has assigned a 'BB-' rating to HCA Inc.'s $750
million senior notes.  Fitch expects that the company will apply
the proceeds of the proposed notes to refinance certain of its
existing senior debt.

The Rating Outlook is Stable.  The ratings apply to $28.5 billion
of debt outstanding at Sept. 30, 2014.

KEY RATING DRIVERS

   -- In August 2014, Fitch upgraded HCA's Issuer Default Rating
      (IDR) to 'BB-' and affirmed the rating on HCA's various debt

      issues.  The upgrade reflects improved financial flexibility

      achieved through organic growth in EBITDA as well as
      proactive capital structure management, and a more
      predictable capital deployment strategy under public
      ownership.

   -- The sponsors of a 2006 LBO previously directed HCA's
      financial strategy, but their ownership has been steadily
      decreasing since a 2011 IPO and HCA recently appointed four
      new independent members to the 13-member board of directors
      (BOD), bringing the total to seven.  There was also a
      transition in senior management during the past year; the
      company appointed a new CEO and CFO, with both roles filled
      by individuals with a long tenure at the company.

   -- Under the direction of the LBO sponsors, HCA's ratings were
      constrained by shareholder-friendly capital deployment; the
      company has funded $7.4 billion in special dividends and
      several large repurchases of the sponsors' shares since
      2010.

Fitch thinks that HCA will have a more consistent and predictable
approach to funding shareholder payouts under public ownership and
an independent BOD.

   -- HCA generates consistent and ample discretionary FCF
      (operating cash flows less capital expenditures and
      distributions to minority interests).  Fitch forecasts that
      HCA will produce discretionary FCF of about $1.8 billion in
      2015, and will prioritize use of cash for acquisitions and
      share repurchases.  At 3.9x, HCA's total debt to EBITDA is
      below the average of the group of publicly traded hospital
      companies and Fitch does not believe that there is a
      compelling financial incentive for HCA to apply cash to debt

      reduction.

   -- HCA's liquidity profile is solid. At Sept. 30, 2014, HCA's
      liquidity included $515 million of cash on hand, $2.2
      billion of available capacity on its bank facility revolving

      loans and LTM discretionary FCF of about $1.5 billion.  
      HCA's LTM EBITDA to gross interest expense was solid for the

      'BB-' rating category at 4.2x.

   -- Debt maturities are manageable.  Fitch believes that HCA's
      favorable operating outlook and financial flexibility afford

      the company good market access to refinance the upcoming
      maturities.  Large maturities include $900 million and $1
      billion of HCA Inc. unsecured notes in 2015 and 2016,
      respectively, and $1.2 billion of bank term loans maturing
      in 2016.  Proceeds of the proposed notes issuance will be
      used to refinance a portion of the 2015 unsecured notes
      maturities.

   -- Measured by revenues, HCA is the largest operator of for-
      profit acute care hospitals in the country, with a broad
      geographic footprint.  The company benefited from this
      favorable operating profile during a period of several years

      of weak organic operating trends in the for-profit hospital
      industry.  Although operating trends have improved industry
      wide during 2014, secular challenges, including a shift to
      lower cost care settings and payor scrutiny of hospital
      care, will continue to be a headwind to sustained organic
      growth in the sector.

RATING SENSITIVITIES

Maintenance of the 'BB-' IDR considers HCA operating with total
debt to EBITDA below 4.5x, and with a FCF margin of 4% or higher. A
downgrade of the IDR to 'B+' is unlikely in the near term, since
these targets afford HCA with significant financial flexibility to
increase acquisitions and still apply some cash to share
repurchases, which Fitch thinks will be the priorities for capital
deployment going forward.

If HCA commits to operate with leverage below 4.0x, it could
support an upgrade of the IDR to 'BB'.  In addition to a commitment
to operate with lower leverage, sustained improvement in organic
operating trends in the hospital industry would support a higher
rating for HCA.  Fitch believes the hospital industry may post
another couple of quarters of above trend growth in patient volumes
as the positive effects of the Affordable Care Act gain a bit more
momentum early in 2015.  Over the longer term, positive organic
growth in inpatient admissions is probably not sustainable partly
because of pressure by health insurers to reduce volumes of
short-stay admissions and rates of hospital readmissions.

DEBT ISSUE RATINGS

Fitch currently rates HCA as:

HCA, Inc.
   -- IDR 'BB-';
   -- Senior secured credit facilities (cash flow and asset
      backed) 'BB+';
   -- Senior secured first lien notes 'BB+';
   -- Senior unsecured notes 'BB-'.

HCA Holdings Inc.
   -- IDR 'BB-';
   -- Senior unsecured notes 'B'.

Total debt at Sept 30, 2014 was approximately $28.5 billion, which
primarily comprised $7.8 billion of first-lien secured bank debt,
$11 billion of first-lien secured notes, $7.2 billion of HCA Inc.
unsecured notes, and $2.5 billion of Hold Co. unsecured notes.
HCA's bank debt includes approximately $5.5 billion in term loans
maturing through May 2018, a $2 billion capacity cash flow
revolving loan, and a $3.25 billion capacity asset-based revolving
loan (ABL facility).

The secured debt rating is two notches above the IDR, illustrating
Fitch's expectation of superior recovery prospects in the event of
default.  The first-lien obligations, including the bank debt and
the first-lien secured notes, are guaranteed by all material wholly
owned U.S. subsidiaries of HCA, Inc. that are 'unrestricted
subsidiaries' under the HCA Inc. unsecured note indenture dated
Dec. 16, 1993.

The HCA Inc. unsecured notes are rated at the same level as the IDR
despite the substantial amount of secured debt to which they are
subordinated, with secured leverage of 2.6x at Sept. 30, 2014.
Fitch often notches ratings on unsecured debt obligations below the
IDR level when secured debt leverage is greater than 2.5x. However,
the strength and stability of HCA's cash flows supports an
expectation of at least average recovery for these lenders relative
to historical rates in an event of default, resulting in a rating
at the same level as the IDR.  If HCA were to layer more secured
debt into the capital structure, such that secured debt leverage is
greater than 3.0x, it could result in a downgrade of the rating on
the HCA Inc. unsecured notes to 'B+'.

The HCA Holdings Inc. unsecured notes are rated two notches below
the IDR to reflect the substantial structural subordination of
these obligations, which are subordinate in right of payment to all
debt outstanding at the HCA Inc. level.  At Sept. 30, 2014,
leverage at the HCA Inc. and HCA Holdings Inc. level was 3.5x and
3.9x, respectively.



HCA INC: Moody's Assigns B2 Rating on New $750MM Unsecured Notes
----------------------------------------------------------------
Moody's Investors Service assigned a B2 (LGD 5) rating to the
proposed offering of $750 million of senior unsecured notes due
2025 by HCA, Inc. Moody's understands that the proceeds of the
offering will be used predominantly to repay borrowings under the
company's revolving credit facility that will be used in connection
with the repayment of the company's $750 million 6.375% senior
notes that mature on January 15, 2015. HCA, Inc. is a wholly owned
subsidiary of HCA Holdings, Inc. (collectively HCA or the
company).

HCA's ratings, including the company's Ba3 Corporate Family Rating
and Ba3-PD Probability of Default Rating, assigned at HCA Holdings,
Inc., remain unchanged as Moody's does not anticipate a meaningful
change in leverage from this refinancing transaction. The stable
rating outlook is also unchanged.

The following rating has been assigned.

Issuer: HCA, Inc.

Senior unsecured notes due 2025, at B2 (LGD 5)

Ratings Rationale

HCA's Ba3 Corporate Family Rating reflects Moody's expectation that
HCA's scale and dominant market strength will allow the company to
continue to grow revenue and maintain healthy EBITDA margins. HCA's
scale and position as the largest for-profit hospital operator in
terms of revenue aids its ability to leverage investments and
resources needed to adapt to changes in the sector and weather
industry challenges. While Moody's anticipates that the company
will continue to return capital to shareholders in lieu of debt
repayment, the rating agency expects that HCA will generate
sufficient cash to fund moderate sized acquisitions with little
detrimental impact on credit metrics. Moody's expects that the
company will operate with debt to EBITDA in the range of 4.5 to 5.0
times.

Moody's could upgrade the ratings if HCA realizes continued
earnings growth or repays debt such that debt to EBITDA is expected
to be maintained below 4.0 times. Additionally, Moody's would have
to see the company maintain a conservative financial profile prior
to considering an upgrade, including limiting increases in leverage
for shareholder distributions or share repurchases.

If the company experiences a deterioration in operating trends, for
example, negative trends in same-facility adjusted admissions or
same-facility revenue per adjusted admission, Moody's could
downgrade the ratings. Additionally, Moody's could downgrade the
ratings if the company incurs additional debt to fund shareholder
distributions or acquisitions so that debt to EBITDA is expected to
be sustained above 5.0 times.

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

HCA Inc. is a wholly owned subsidiary of HCA Holdings, Inc.
(collectively HCA). Headquartered in Nashville, Tennessee, HCA is
the nation's largest acute care hospital company as measured by
revenue. A portion of the equity of HCA is still held by private
equity firms Bain Capital and KKR as well as members of management.
The company generated revenue in excess of $36 billion, net of the
provision for doubtful accounts, in the twelve months ended
September 30, 2014.



HCA INC: S&P Raises CCR to 'BB' & Rates $750MM Sr. Notes 'B+'
-------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Nashville-based acute care hospital operator HCA Inc. to
'BB' from 'B+'.  The rating outlook is stable.

At the same time, S&P assigned its 'B+' issue-level rating and '6'
recovery rating to HCA's proposed $750 million issue of senior
unsecured notes due 2025.  The '6' recovery rating on this debt is
the same as the recovery rating on HCA's existing unsecured debt.

S&P also raised its ratings on HCA's existing senior secured debt
and senior unsecured debt to reflect the corporate credit rating
upgrade.  S&P raised the rating on company's senior secured debt
'BBB-' from 'BB', reflecting the raised corporate credit rating.
The recovery rating on this debt remains '1', reflecting S&P's
expectation for very high (90% to 100%) recovery in the event of
default.  In addition, S&P raised the rating on HCA's existing
senior unsecured debt to 'B+' from 'B-', which also reflects the
corporate credit rating upgrade.  The recovery rating on this debt
remains '6', reflecting S&P's expectation for negligible (0% to
10%) recovery in the event of default.

"The two-notch upgrade to our corporate credit rating on HCA
reflects the company's significant outperformance this year
relative to our base-case forecasts," said Standard & Poor's credit
analyst Shannan Murphy.  It also incorporates S&P's assessment that
the company's business risk profile has improved, reflecting S&P's
belief that HCA's scale and diversified business mix provide a
competitive advantage in negotiating contracts and managing
reimbursement uncertainty over time.  While S&P believes HCA and
its peers will experience increased margin pressure due to slower
reimbursement growth, S&P expects HCA to be better able to offset
these pressures given its scale and business diversity, resulting
in less earnings and cash flow volatility relative to peers.  At
the same time, S&P's rating action incorporates its increased
confidence that HCA will be able to pursue its growth objectives
while maintaining leverage below 5x, in part due to
higher-than-expected EBITDA growth over the past few quarters.

S&P's stable outlook reflects its expectation that HCA's financial
policies will remain shareholder friendly, but that EBITDA
expansion over the past few quarters should allow the company to
pursue its return objectives while maintaining leverage below 5x
over time.

S&P could lower the rating in the unlikely event that EBITDA
margins contract by about 450 basis points, to around 14.5%.  For
this to occur, S&P believes there would need to be a significant
negative shift in reimbursement rates.  S&P's could also lower the
rating if the company becomes significantly more aggressive in its
growth objectives, pursuing debt-financed share buybacks or
acquisitions that result in leverage sustained above 5x for an
extended period of time.  Assuming no acquired EBITDA, S&P
estimates that there is around $9 billion of debt capacity at the
current rating.

S&P could raise the rating if HCA adopts more conservative
financial policies, highlighted by a commitment to sustain debt to
EBITDA around 3.5x over time.  While S&P believes that HCA could
achieve these metrics over the next year by prepaying about $3
billion of debt, S&P believes that the company is likely to use
some of the debt capacity created by an increase in EBITDA to
reward shareholders and to grow its market position in a
consolidating industry.



HEI INC: Has Interim Authority to Use Cash Collateral
-----------------------------------------------------
Judge Kathleen H. Sanberg of the U.S. Bankruptcy Court for the
District of Minnesota gave HEI, Inc., interim authority to use
cash, including cash collateral, that may be subject to liens in
favor of Wells Fargo Bank, National Association, through the end of
the week beginning Jan. 19, 2015.

As of Jan. 1, 2015, the outstanding amount of the Debtor's
obligations to the Prepetition Lender totaled approximately $2.99
million, plus accrued and unpaid interest, fees, expenses, and
other costs.

As adequate protection, the Debtor proposes to grant the
Prepetition Lender a replacement lien in the Prepetition Lender's
collateral to the extent of cash collateral used; make periodic
payments of interest and, when realized, sale proceeds; maintain
the equity cushion; maintain all insurance; utilize one or more
bank accounts maintained at the Prepetition Lender's institution;
and operate and sell assets so as to realize the highest possible
value of the assets.

A hearing on the portion of the Debtor's cash collateral request
seeking a final order will be held on Jan. 21, 2015, at 1:30 p.m.
Any response to the motion for a final order must be filed no later
than Jan. 16.

A full-text copy of the Interim Cash Collateral Order with Budget
is available at http://bankrupt.com/misc/HEIcashcol0108.pdf

                          About HEI, Inc.

Headquartered in Victoria, Minnesota, HEI, Inc., develops and
manufactures microelectronics, substrates, electromechanical
hardware and embedded software for the medical, telecommunications,
military, aerospace and industrial markets.  It has operations in
Arizona, Colorado and Minnesota.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. D. Minn.
Case No. 15-40009) in Minneapolis, Minnesota, on Jan. 4, 2015.  The
case is assigned to Judge Kathleen H. Sanberg.

The Debtor estimated $10 million to $50 million in assets and
debt.

The deadline for governmental entities to file claims is July 6,
2015.

The Debtor has tapped James L. Baillie, Esq., James C. Brand, Esq.,
and Sarah M Olson, Esq., at Fredrikson & Byron P.A., as counsel;
Alliance Management as business and financial consultant; and
Winthrop & Weinstine, P.A., as special counsel.

The U.S. Trustee has appointed three members to the Official
Committee of Unsecured Creditors.


HEI INC: Seeks Sale of Assets to HT Electronics for $2.8-Mil.
-------------------------------------------------------------
HEI, Inc., seeks authority from the U.S. Bankruptcy Court for the
District of Minnesota to sell its assets and approve procedures
governing the bidding and sale of its assets.

The Debtor has entered into an asset purchase agreement with HT
Electronics, LLC, for the purchase of the Victoria Division assets,
the Tempe Division assets, and all inventory for a combined
purchase price of $2,805,000.  The sale to HT does not include the
Debtor's real estate located in Victoria, Minnesota, the Boulder
Division machinery and equipment, or the Debtor's accounts
receivable.

The Debtor propose to conduct an auction on Feb. 4, 2015.  If no
qualified bid is received other than the Stalking Horse Bid, no
auction will take place.

The Debtor tells the Court that although HT Electronics has offered
to purchase the Victoria, Minnesota real estate and the accounts
receivable, the Debtor has determined that it can obtain a greater
value by selling and collecting such assets itself.  The Boulder
machine and equipment has been excluded from the transaction as the
Debtor is working to complete a separate transaction with a
subsidiary of a Tier 1 Medical Company that is a customer.

The Court will hold a hearing on Feb. 5, 2015, to approve the sale
of the Debtor's assets and the assumption and assignment of
contracts and leases.  Any objection to the sale of the assets must
be served no later than Jan. 31.

                          About HEI, Inc.

Headquartered in Victoria, Minnesota, HEI, Inc., develops and
manufactures microelectronics, substrates, electromechanical
hardware and embedded software for the medical, telecommunications,
military, aerospace and industrial markets.  It has operations in
Arizona, Colorado and Minnesota.

HEI, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D. Minn.
Case No. 15-40009) in Minneapolis, Minnesota, on Jan. 4, 2015.  The
case is assigned to Judge Kathleen H. Sanberg.

The Debtor estimated $10 million to $50 million in assets and
debt.

The deadline for governmental entities to file claims is July 6,
2015.

The Debtor has tapped James L. Baillie, Esq., James C. Brand, Esq.,
and Sarah M Olson, Esq., at Fredrikson & Byron P.A., as counsel;
Alliance Management as business and financial consultant; and
Winthrop & Weinstine, P.A., as special counsel.

The U.S. Trustee has appointed three members to the Official
Committee of Unsecured Creditors.


HEI INC: U.S. Trustee Names 3 Members to Creditors' Committee
-------------------------------------------------------------
Daniel M. McDermott, U.S. Trustee for Region 21, notified the U.S.
Bankruptcy Court for the District of Minnesota that three members
were appointed to the Official Committee of Unsecured Creditors in
the Chapter 11 case of HEI, Inc.

The Committee members are:

   (1) Teamvantage Molding LLC
       20697 Fenway Ave. N
       Forest Lake, MN 55025
       Attn: Cathy Longtin
       Tel: (612) 508-3989
       Email: cathyl@teamvantage.com

   (2) Watson-Marlow, Inc.
       37 Upton Technology Park
       Wilmington, MA 01887
       Attn: Michael Ferrucci
       Tel: (978) 988-2630
       Email: michael.ferrucci@wmpg.com

   (3) Vergent Products
       609 14th St. SW
       Loveland, CO 80537
       Attn: Diana Precht
       Tel: (970) 292-1128

                          About HEI, Inc.

Headquartered in Victoria, Minnesota, HEI, Inc., develops and
manufactures microelectronics, substrates, electromechanical
hardware and embedded software for the medical, telecommunications,
military, aerospace and industrial markets.  It has operations in
Arizona, Colorado and Minnesota.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. D. Minn.
Case No. 15-40009) in Minneapolis, Minnesota, on Jan. 4, 2015.  The
case is assigned to Judge Kathleen H. Sanberg.

The Debtor estimated $10 million to $50 million in assets and
debt.

The deadline for governmental entities to file claims is July 6,
2015.

The Debtor has tapped James L. Baillie, Esq., James C. Brand, Esq.,
and Sarah M Olson, Esq., at Fredrikson & Byron P.A., as counsel;
Alliance Management as business and financial consultant; and
Winthrop & Weinstine, P.A., as special counsel.


HERRING CREEK: Files Schedules of Assets and Liabilities
--------------------------------------------------------
Herring Creek Acquisition Co., LLC, filed its schedules of assets
and liabilities with the Bankruptcy Court, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $22,000,000
  B. Personal Property              $311,284
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $36,739,121
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                           $53,611
                                 -----------      -----------
        TOTAL                    $22,311,284      $36,792,732

A copy of the schedules is available for free at:

        http://bankrupt.com/misc/HerringCreek_17_SAL.pdf

Herring Creek Acquisition Co., LLC, filed a Chapter 11 bankruptcy
petition (Bankr. D. Mass. Case No. 14-15309) in Boston on Nov. 12,
2014, without stating a reason.  The Debtor estimated $10 million
to $50 million in assets and debt.  The case is assigned to Judge
William C. Hillman.  Donald Ethan Jeffery, Esq., at Murphy & King,
in Boston, serves as counsel to the Debtor.


HOLY HILL: Bid to Hire Jaenam Coe as Counsel Faces Challenge
------------------------------------------------------------
Peter C. Anderson, the U.S. Trustee, asks the Hon. Julia Brand of
the U.S. Bankruptcy Court for the Central District of California to
deny Holy Hill Community Church's motion to employ the Law Offices
of Jaenam Coe PC as general bankruptcy counsel.

Parker Mills, LLP and the Law Offices of Carl Sohn, secured
creditors of the Debtor and W. Dan Lee and Richard T. Baum,
attorneys for the Debtor, also filed objections to the proposed
employment of Jaenam Coe.

According to the U.S. Trustee, because the Debtor's management is
fractionalized, any proposed representation of the Debtor by Jaenam
Coe presents an unavoidable conflict.  The firm cannot be loyal to
the interests of the "the Debtor" as a whole when it only purports
to represent one faction of "the Debtor."

Parker Mills, LLP and the Law Offices of Carl Sohn claimed that the
Debtor is not entitled to employ counsel pursuant to 11 U.S.C.
section 327.  This Debtor is no longer a debtor-in-possession, they
argued, despite the claim in the Application that it remains a
debtor-in-possession. As a result of the Trustee's appointment, the
Debtor has no right to employ counsel pursuant to Sections 327(a)
and 1107(a), and such counsel has no right to payment pursuant to
Section 330.

W. Dan Lee and Richard T. Baum stated that since the Debtor is not
in possession of its estate, the Debtor is no longer a real party
in interest which can seek the employment of counsel for the
estate.  They added that the Debtor has not substituted Lee and
Baum out as its attorneys, and the parties seeking to do so are not
authorized to act on behalf of the Debtor.

As reported in the Troubled Company Reporter, Jaenam Coe is
expected to provide these services:

  A. Advise the Debtor concerning its rights and duties under
     Section 1107 of the Bankruptcy Code;

  B. Represent the Debtor in any proceeding or hearing in
     bankruptcy court; and

  C. Assist the Debtor in negotiation and confirmation of a plan
     of reorganization.

The firm's standard rates for its services are:

              Billing Category        Hourly Rate
              ----------------        -----------
              Partners                $400
              Paralegals              $200

Mr. Jaenam Coe ($400 per hour) is expected to have primary
responsibility for providing services to the Debtor.

The firm has not received from the Debtor a retainer to be applied
to its representation of the Debtor.

Jaenam Coe, a partner at Jaenam Coe PC, attests that the firm does
not hold or represent any interest adverse to the Debtor, the
bankruptcy estates, any insiders, any creditors or any other
party.

The U.S. Trustee is represented by:

       Melanie Scott Green, Esq.
       OFFICE OF THE UNITED STATES TRUSTEE
       915 Wilshire Blvd., Ste. 1850
       Los Angeles, CA 90017-5418
       Tel: (213) 894-7244
       Fax: (213) 894-2603
       E-mail: melanie.green@usdoj.gov

Parker Mills, LLP and the Law Offices of Carl Sohn are represented
by:

       Victor A. Sahn, Esq.
       SULMEYERKUPETZ
       333 South Hope Street, Thirty-Fifth Floor
       Los Angeles, CA 90071-1406
       Tel: (213) 626-2311
       Fax: (213) 629-4520
       E-mail: vsahn@sulmeyerlaw.com

W. Dan Lee and Richard T. Baum are represented by:

       W. Dan Lee, Esq.
       LEE LAW OFFICES
       5670 Wilshire Blvd., Ste. 2150
       Los Angeles, CA 90036
       Tel: (323) 965-7895
       Fax: (323) 815-8895

            - and -

       Richard T. Baum, Esq.
       11500 West Olympic Blvd., Ste. 400
       Los Angeles, CA 90064
       Tel: (310) 277-2040
       Fax: (310) 286-9525
       E-mail: rickbaum@hotmail.com

Jaenam Coe PC can be reached at:

         LAW OFFICES OF JAENAM COE PC
         Jaenam J. Coe, Esq.
         3731 Wilshire Blvd., Suite 910
         Los Angeles, CA 90010
         Tel: 213-389-1400
         Fax: 213-387-8778

                          About Holy Hill

Holly Hill Community Church, aka Holy Hill Community Church, a
protestant church in Los Angeles, filed for Chapter 11 protection
(Bankr. C.D. Cal. Case No. 14-21070) on June 5, 2014.  In its
Petition, Holly Hill, a California non-profit corporation
incorporated for the purposes of conducting religious activities
as a protestant Christian church, disclosed $35,390,787 in total
assets and $16,727,290 in total liabilities.

John Jenchun Suh, the pastor and CEO of the church, signed the
bankruptcy petition.  W. Dan Lee of the Lee Law Offices, in Los
Angeles, is representing the Debtor as counsel.  Judge Julia W.
Brand presides over the case.

Richard J. Laski has been appointed to serve as Chapter 11 trustee
in the Debtor's case.  The Trustee has tapped Arent Fox LLP to
serve as his bankruptcy counsel, and Wilshire Partners of CA, LLC,
as accountant.


HORIZON LINES: Secures Emissions Control Permit
-----------------------------------------------
Horizon Lines, Inc., has received a permit providing a conditional
waiver from the North American Emissions Control Area (ECA) fuel
sulfur content requirements of MARPOL Annex VI regulation 14.4. The
permit is in force while Horizon pursues installation of Exhaust
Gas Cleaning System (EGCS) on each of its three D7-class vessels
which operate in the Alaska trade.  The permit was issued by the
United States Coast Guard (USCG) and the U.S. Environmental
Protection Agency (EPA) and became effective in 2015.  The permit
will allow these Horizon vessels to use low-sulfur heavy fuel oil
in their main engines while operating between Washington state and
Alaska, subject to compliance with other terms and restrictions of
the permit.  Horizon is committed to operating its vessels and
terminals in accordance with all environmental regulations, and
continuing to serve its customers in the most efficient and
reliable means possible.

Further, Horizon has entered into a supply agreement with Alfa
Laval Aalborg Nijmegen BV for design and procurement of the PureSox
2.0 EGCS for the three Horizon D7-class vessels which operate in
the Alaska trade.  This Alfa Laval EGCS is a multiple inlet hybrid
system which will clean the exhaust gas from the main engine as
well as the main generators, and is the first system of its kind
for a Jones Act container vessel.  Horizon expects to incur a total
of approximately $18 million of capital spending in connection with
the EGCS for the three vessels.  Installation of the first system
is planned to begin on the Horizon Kodiak in September 2015, and
completion of the project is expected by
Dec. 31, 2016.

This EGCS project represents a significant investment for Horizon
and will be developed and installed in close coordination with Alfa
Laval, the American Bureau of Shipping, and the U.S. regulatory
agencies.  Horizon values the partnership with the EPA and the USCG
in supporting the advancement of this exhaust gas cleaning systems
project, and looks forward to sharing the knowledge and experience
gained during the evolution of this project with the maritime
industry.

                        About Horizon Lines

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

For the year ended Dec. 22, 2013, the Company reported a net loss
of $31.9 million following a net loss of $94.7 million for the
year ended Dec. 23, 2012.

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

                           *     *     *

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

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


HURLEY MEDICAL: Fitch Affirms 'BB+' Ratings on $99-Mil. Bonds
-------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on the following bonds
issued on behalf of Hurley Medical Center (HMC) by Flint Hospital
Building Authority (MI):

$965,000 revenue refunding bonds series 1998A;
$1,305,000 revenue rental bonds series 1998B;
$5,510,000 hospital revenue and refunding bonds series 2003;
$33,715,000 revenue rental bonds series 2010;
$21,940,000 revenue rental bonds series 2013A;
$36,035,000 revenue refunding bonds series 2013B.

HMC has approximately $3.4 million outstanding on its series 2011
direct placement, which Fitch does not rate.

The Rating Outlook has been revised to Positive from Stable.

SECURITY

Debt payments are secured by cash rentals (net revenues of HMC)
made to the Authority, acting through its Board of Hospital
Managers, on behalf of HMC as agreed under the eighth amended and
restated contract of lease dated Feb. 1, 2013. Also, there is a
fully funded debt service reserve fund.

KEY RATING DRIVERS

IMPROVEMENT TO FINANCIAL PROFILE: The Positive Outlook reflects
Hurley Medical Center's (HMC) operating profile and liquidity
position in fiscal 2014, which has improved since last review and
continues to show improvement through the three month interim
period ending Sept. 30, 2014. An operating margin of 0.6% was
positive for the first time in four fiscal years as a result of
continued focus on expense management and year-over-year growth in
both inpatient and outpatient volumes. Liquidity showed marked
improvement in fiscal 2014 from the prior year, reflecting
governmental payment adjustments, Medicaid DSH redistribution,
county health plan annual inpatient reimbursement and stabilization
of IT systems, noticeably reducing accounts receivable. The
continued positive momentum to its financial profile over the next
two audit cycles could result in upward rating movement.

FOCUS ON POPULATION HEALTH: As an essential provider in the service
area, HMC is working to transform health in the surrounding
communities and has partnered with local community organizations to
improve health literacy and screening. Additionally, HMC is
focusing on its ambulatory strategy to provide lower cost care in
more convenient settings. HMC has converted the former emergency
department (ED) to an urgent care center, which is a lower-cost
alternative to the ED.

CHALLENGING PAYOR MIX: Located in Flint, Michigan, HMC operates in
a competitive service area with below-average socioeconomic
indicators, subjecting the hospital to elevated levels of
government payors, with Medicaid at a very high 43.9% of gross
revenues in fiscal 2014. However, the expansion of Medicaid in
Michigan should benefit HMC.

GOOD DEBT SERVICE COVERAGE: HMC's debt profile is manageable with
all fixed-rate debt and MADS at 3% of fiscal 2014 revenue. MADS
coverage by EBITDA was good for the category at 2.4x in fiscal 2014
and improved from 1.8x in fiscal 2013 and has further improved to
2.8x at Sept. 30, 2014.

RATING SENSITIVITIES

CONTINUED LIQUIDITY IMPROVEMENT: Further improvement to the balance
sheet combined with sustained operating profitability and solid
debt service coverage levels over the next two fiscal years could
lead to upward rating movement. While not anticipated, a limiting
factor could be a significant shift in reimbursement level or
methodology under Medicare and Medicaid as this represents a
significant portion of revenue.

CREDIT PROFILE

HMC is a 443-bed acute care teaching hospital with safety-net
provider status located in Flint, MI. HMC had approximately $373.4
million of total revenue in fiscal 2014. A safety-net teaching
hospital, HMC is the only provider in the region of Level I Trauma,
Level II Pediatric Trauma and Level III Neonatal Intensive Care,
among other services. HMC has an active outreach effort with many
community organizations and is focusing on improving community
health.

IMPROVEMENT TO FINANCIAL PROFILE

HMC's liquidity position has improved significantly since last
review. At September 30, 2014 (three month interim) HMC had $83.8
million in unrestricted cash and investments, equal to 81.4 days
cash on hand, 7.5x cushion and 85.6% cash to debt, all improved
from 61.1 days, 5.4x and 55.7%, respectively, in fiscal 2013.
Improvement in liquidity was driven by positive governmental
payment adjustments, Medicaid DSH redistribution and county health
plan annual inpatient reimbursement. In addition, stabilized IT
systems noticeably reduced accounts receivable (AR), with days in
AR declining to 49.9 in fiscal 2014 and 39.9 at September 30, 2014
from 58.1 in fiscal 2013.

Hurley is budgeting about $15 million in capital in fiscal 2015,
which Fitch believes is manageable. HMC is a governmental entity so
its investment portfolio is very conservative as investments are
restricted to government-issued fixed-income securities. No plans
for additional debt coupled with continued stable operating results
should lead to continued improvement to liquidity over the near
term. Positive rating momentum is possible if HMC's financial
profile continues to improve over the next 18-24 months and
financial metrics meet or exceed 'BBB' category medians. While not
anticipated, a limiting factor to positive rating momentum could be
a significant shift in reimbursement level or methodology under
Medicare and Medicaid as this represents a significant portion of
revenue.

Operating performance also improved in fiscal 2014 and HMC posted a
0.6% operating margin ($2.3 million) in fiscal 2014, the first year
above break-even results since fiscal 2010. Operating margin
through the three month interim period ending September 30, 2014
was solid at 1.2% ($1.2 million). HMC's operating EBITDA margin in
fiscal 2014 and through the interim period was 6.7% ($24.9 million)
and 7.1% ($7.7 million), respectively. Management is budgeting for
an operating margin of 2% in fiscal 2015, which Fitch believes is
achievable. Positive operations reflect strong volumes, focus on
moving care to lower-cost, more convenient settings and expense
management initiatives. In addition, HMC negotiated union contracts
in December 2013, resulting in pension cost savings of $5 million
in fiscal 2014.

DEBT PROFILE

HMC has approximately $98 million in debt outstanding, which is all
fixed-rate. The debt burden is manageable with MADS equaling 3% of
fiscal 2014 revenue. MADS of approximately $11.2 million is
front-loaded and decreases to about $5.5 million in 2021. MADS
coverage by EBITDA was 2.4x in fiscal 2014 and 2.8x through the
three month interim, an improvement from 1.9x in fiscal 2013 and
1.7x in fiscal 2012.

HMC has been heavily investing in its plant over the last few
years, with capital expenditures averaging a high 181% of
depreciation expense from 2012-2014. Capital spending is now more
moderate and was only 68.6% of depreciation in fiscal 2014. HMC's
most recent large capital project was the expansion of its ED to
account for high volumes that could not be accommodated in its
former space. This project was successful and the expansion and
redesign have allowed for improved patient flow, operating
efficiencies and improved patient care.

CHALLENGING ECONOMIC ENVIRONMENT

Located in Flint, Michigan, HMC operates in an economically
distressed service area with a challenging payor mix. A high 43.9%
of gross revenues were derived from Medicaid and 29.1% from
Medicare in fiscal 2014 but the expansion of Medicaid in Michigan
should benefit the hospital. In fiscal 2014, HMC received
approximately $15.5 million in Medicare DSH funding and about $12.7
million in Medicaid DSH funding. Significant reduction to DSH
payments represents a potential credit risk.

DISCLOSURE

HMC covenants to provide annual and quarterly disclosure to the
Municipal Securities Rulemaking Board's EMMA system.


IDERA PHARMACEUTICALS: Files Copy of Presentation Materials
-----------------------------------------------------------
Idera Pharmaceuticals, Inc., has included on its Web site an
updated corporate slide presentation, which it intends to present
or distribute to the investment community and utilize in various
industry and other conferences.  The corporate slide presentation
is accessible in the Investors and Media section of the Company's
Web site at www.iderapharma.com, and is available for free at:

                        http://is.gd/NgcXHz

                     About Idera Pharmaceuticals

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

Idera Pharmaceuticals reported a net loss of $18.2 million in
2013, a net loss of $19.24 million in 2012, and a net loss of
$23.8 million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed
$60.6 million in total assets, $7.81 million in total liabilities,
and $52.8 million in total stockholders' equity.


IMAGEWARE SYSTEMS: To Sell $12 Million Worth of Securities
----------------------------------------------------------
Imageware Systems, Inc., filed a Form S-3 registration statement
with the U.S. Securities and Exchange Commission relating to the
sale of an aggregate of $12 million in any combination of common
stock, preferred stock, warrants and units.

The Company will provide a more specific terms of these securities
in one or more supplements to this Prospectus.

The Company's common stock is quoted on the OTCQB under the symbol
"IWSY".  The last reported sale price of the Company's common stock
on Jan. 8, 2015, was $2.23 per share.

A full-text copy of the Form S-3 registration statement is
available for free at http://is.gd/cTPm2I

                      About ImageWare Systems

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

Imageware Systems incurred a net loss of $9.84 million in 2013, a
net loss of $10.2 million in 2012 and a net loss of $3.18 million
in 2011.

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


INVESTMENTS GP & SR: Puerto Rico Judge Won't Revive Bankr. Case
---------------------------------------------------------------
Bankruptcy Judge Edward A. Godoy in Puerto Rico declined to
reinstate the Chapter 11 case of Investments GP & SR Inc.

The case was dismissed by court order on Nov. 20, 2014, for failure
to comply with the court's order to show cause, dated Nov. 4, 2014,
and for failure to file a disclosure statement and plan.  

The Court filed a motion for reconsideration on Dec. 19, 2014.
Creditor Gladys Maria Rodriguez-Aviles opposed.

A copy of Judge Godoy's Jan. 7, 2015 Opinion and Order is available
at http://is.gd/uaOekWfrom Leagle.com.

Investments GP & SR, Inc., based in Mayaguez, Puerto Rico, filed
for Chapter 11 bankruptcy (Bankr. D.P.R. Case No. 14-03214) on
April 23, 2014.  Gloria M Justiniano Irizarry, Esq., at the
Justiniano's Law Office, served as counsel to the Debtor.  In its
petition, the Debtor stimated $1 million to $10 million in both
assets and liabilities.  The petition was signed by Ovidio Jose
Garcia Amador, president.  A list of the Debtor's three largest
unsecured creditors is available for free at
http://bankrupt.com/misc/prb14-03214.pdf


IRISH BANK RESOLUTION: Former CEO Drumm Not Entitled to Discharge
-----------------------------------------------------------------
Irish Bank Resolution Corporation Limited (in Special Liquidation)
and chapter 7 trustee Kathleen P. Dwyer sought and obtained an
order from Massachusetts Bankruptcy Judge Frank J. Bailey denying
discharge of debtor David K. Drumm.

IBRC and Dwyer commenced adversary proceedings against Drumm, the
former chief executive of the failed Anglo Irish Bank Corp.,
alleging that Drumm, under oath, knowingly and fraudulently failed
to disclose and otherwise concealed prepetition transfers to his
wife of cash and real estate that would be subject to avoidance and
recovery in bankruptcy.  

Drumm admits many of the misrepresentations but denies that they
were knowing or fraudulent.

"Finding Drumm not remotely credible and his conduct both knowing
and fraudulent, I conclude that the Plaintiffs have established
cause to deny him a discharge many times over. Drumm's statements
to this Court were replete with knowingly false statements,
failures to disclose, efforts to misdirect, and outright lies. Such
conduct disqualifies a debtor from the privilege of a discharge in
our system of bankruptcy," Judge Bailey said.

Drumm filed a voluntary Chapter 7 petition on October 14, 2010, in
U.S. Bankruptcy Court.  Dwyer was appointed trustee in the case on
October 15, 2010 and since then has served continuously in that
capacity.

IBRC was formerly known as Anglo Irish Bank and, under that name,
was a commercial bank in Ireland. From 2005 through most of 2008,
Drumm was its chief executive officer. After a catastrophic few
months for the bank, Drumm resigned this position on December 19,
2008. The bank was nationalized in January 2009, renamed more than
once, and entered into "special liquidation" under Irish law. It is
now referred to as "Irish Bank Resolution Corporation Limited (in
Special Liquidation)."

On the Petition Date, Drumm was indebted to IBRC in an amount
exceeding $11 million on account of loans made to him by the bank.
IBRC is by far Drumm's largest creditor. Drumm does not dispute
IBRC's standing to object to his discharge.

A copy of Judge Bailey's Jan. 6, 2015 Memorandum of Decision is
available at http://is.gd/1wp81Bfrom Leagle.com.

                   About Irish Bank Resolution

Irish Bank Resolution Corp., the liquidation vehicle for what was
once one of Ireland's largest banks, filed a Chapter 15 petition
(Bankr. D. Del. Case No. 13-12159) on Aug. 26, 2013, to protect
U.S. assets of the former Anglo Irish Bank Corp. from being
seized by creditors.  Irish Bank Resolution sought assistance
from the U.S. court in liquidating Anglo Irish Bank Corp. and
Irish Nationwide Building Society.  The two banks failed and were
merged into IBRC in July 2011.  IBRC is tasked with winding them
down and liquidating their assets.  In February, when Irish
lawmakers adopted the Irish Bank Resolution Corp., IBRC was
placed into a special liquidation in the Irish High Court to
complete liquidation and distribution of the two banks' assets.

IBRC's principal asset as of June 2012 was a loan portfolio
valued at some EUR25 billion (US$33.5 billion). About 70 percent
of the loans were to Irish borrowers. Some 5 percent of the
portfolio was under U.S. law, according to a court filing.  Total
liabilities in June 2012 were about EUR50 billion, according
to a court filing.

Most assets in the U.S. have been sold already.  IBRC is involved
in lawsuits in the U.S.

IBRC was granted protection under Chapter 15 of the U.S.
Bankruptcy Code in December 2013.

Kieran Wallace and Eamonn Richardson of KPMG have been named the
special liquidators.


ISC8 INC: Proposed Sale Subject to Overbid at Jan. 28 Auction
-------------------------------------------------------------
ISC8 Inc. is poised to sell substantially all of its assets free
and clear of all claims and interests under Section 363 of the
Bankruptcy Code in its Chapter 11 Case pending in the U.S.
Bankruptcy Court for the Central District of California as
Case No. 14-bk-15750-SC.

These include proprietary "cyber security" assets, representing
more than $70 million of invested capital, designed to thwart cyber
invaders AFTER they have infiltrated a system's defenses.  As shown
by highly publicized recent episodes of malicious infiltration of
network systems, the damage occurs AFTER the invaders have scaled
firewalls and other exterior network defenses.

ISC8's technology implements a sensor-based, near real-time
forensics technology that identifies malware threats ahead of
perimeter solutions, before devastating damage or critical data
theft can occur.

ISC8 is a pre-revenue stage public company that designs, develops
and sells cyber-security products globally, and provides hardware,
software and service offerings for malicious threat detection and
network forensics for enterprise customers.  Products are installed
nation-wide with international resale partnerships.

ISC8's strategic and restructuring team is led by the Company's
Chief Executive Officer, J. Kirsten Bay, a recognized leader in the
technology and startup space, who joined the company in March 2014.
Ms. Bay is being advised by ISC8's financial and restructuring
advisors Broadway Advisors, LLC and ISC8's legal counsel Ezra
Brutzkus Gubner LLP.

The Bankruptcy Court has scheduled the auction for Jan. 28, 2015,
at the offices of its legal counsel, Ezra Brutzkus Gubner LLP,
located at 21650 Oxnard Street, Suite 500, Woodland Hills, CA
91367, subject to receiving Qualified Bids by the deadline of
Jan. 25, 2015, at 5:00 p.m.  The Sale Hearing is scheduled for Jan.
29, 2015.

On Jan. 5, 2015, ISC8 signed a definitive asset purchase agreement
with a "stalking horse" group that includes insiders who are major
shareholders and creditors, whose bid has a value of approximately
$8 million.  That sale is subject to overbid at auction in the
event one or more qualified bids are received by the Bid Deadline.
The minimum overbid amount is $8,251,941.

The EBG team of lawyers advising ISC8 is led by partners David
Seror and Robyn B. Sokol, with a team that includes counsel Susan
K. Seflin, partner Jerrold L. Bregman and associate Jessica
Bagdanov.

Inquiries should be directed to ISC8's financial and restructuring
advisor, Alfred M. Masse, as follows:

   Alfred M. Masse, Principal
   Broadway Advisors, LLC
   (949) 673-0855
   amm@broadwayadvisors.com
   511 30 St., Suite A, Newport Beach, CA 92663

The Company continues to operate its business and manage its
financial affairs as a debtor-in-possession, pursuant to Sections
1107(a) and 1108 of the United States Bankruptcy Code.

On the Petition Date, the Debtor estimated assets of $1 million to
$10 million and reported total liabilities of $14 million.


J & B RESTAURANT: Closes Friendly's Location in Willow Wood
-----------------------------------------------------------
Brian Stieglitz at Liherald.com reports that a Friendly's location
in Willow Wood Shopping Center in Wantagh, New York, has closed.

J & B Restaurant Partners said in a statement that it made the
business decision to close down the weaker Friendly's locations to
help its other restaurants and exit bankruptcy.

Liherald.com quoted Robert Delevale, the director of leasing at
Breslin Realty, which runs Willow Wood, as saying, "We are sad to
see an icon like Friendly's shut its doors.  However, we will seek
a suitable replacement for them, which will be in line with the
recent update made to the center’s tenant mix and facade
renovation."

                  About J & B Restaurant Partners

J & B Restaurant Partners of Long Island LLC and certain affiliates
own 37 Friendly's restaurants in New York, New Jersey and
Connecticut.

J & B Restaurant Partners of Long Island II, LLC, and certain
affiliates filed voluntary petitions for relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 15-22009) Jan.
6, 2015, as part of its pre-negotiated and comprehensive
restructuring plan.  The J & B petition was signed by Joseph
Vitrano, president.  Judge Robert D. Drain presides over the case.
Michael P. Cooley, Esq., at Akin Gump Strauss Hauer & Feld LLP,
serves as the Company's bankruptcy counsel.  The Company estimated
its assets at between $500,000 and $1 million and its liabilities
at between $10 million and $50 million.


JB VEGA CORPORATION: Section 341(a) Meeting Scheduled for Feb. 2
----------------------------------------------------------------
A meeting of creditors in the bankruptcy case of JB Vega
Corporation will be held on Feb. 2, 2015, at 8:30 a.m. at San
Antonio Room 333.  Creditors have until May 5, 2015, to file their
proofs of claim.

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

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

JB Vega Corporation filed a Chapter 11 bankruptcy petition (Bank.
W.D. Tex. Case No. 15-50123) on Jan. 8, 2015.  Carl Miller signed
the petition as secretary and director.  The Debtor estimated
assets of $10 million to $50 million and liabilities of $1 million
to $10 million.  Lorenzo W. Tijerina, Esq., at Law Office of
Lorenzo W. Tijerina, serves as the Debtor's counsel.  Judge Craig
A. Gargotta presides over the case.


KOFSKY & SON: S.D.N.Y. Judge Tosses Fund Trustees' Suit
-------------------------------------------------------
Magistrate Judge Kevin Nathaniel Fox dismissed the lawsit brought
by the Trustees of the United Health and Welfare Fund pursuant to
the Employee Retirement Income Security Act of 1974, and the Labor
Management Relations Act of 1974, against defendants N. Kofsky &
Son, Inc.; Kofsky & Son, Inc. a/k/a Kofsky & Son Plumbing; Richard
Kofsky and Stephen Kofsky.

"The Court finds that the plaintiffs have not met their burden of
proving, by a preponderance of the evidence, that they are entitled
to the relief they seek," the Court said.

In the lawsuit, the Fund seeks to obtain monetary contributions
that the defendants allegedly failed to pay to the Fund as required
by, inter alia, a collective bargaining agreement between NKS and
the International Longshoremen's Association, Local 976.  The Fund
alleges that defendants NKS and KSI are jointly and severally
liable to the Fund for unpaid contributions because, at all
relevant times, they had an alter ego or single employer
relationship. The Fund also alleges that Richard Kofsky and Stephen
Kofsky are individually liable to the Fund for the unpaid
contributions because they conspired to defraud it of the required
benefit contributions by transferring assets from NKS to KSI,
which, since KSI is not a signatory to the CBA, enabled them to
conceal NKS's financial activity.

The lawsuit, which was commenced on December 24, 2008, has been
stayed against NKS following NKS's voluntary Chapter 7 bankruptcy
filing in the U.S. Bankruptcy Court for the Southern District of
New York on July 24, 2009; and against KSI following its own
Chapter 11 bankruptcy (Bankr. S.D.N.Y. Case No. 13-23207) also in
Bankruptcy Court in White Plains, New York on July 25, 2013.

The case is, TRUSTEES OF THE UNITED HEALTH AND WELFARE FUND,
Plaintiffs, v. N. KOFSKY & SON, INC., KOFSKY & SON, INC. a/k/a
KOFSKY & SON PLUMBING, STEPHEN KOFSKY and RICHARD KOFSKY,
individually and jointly and severally, Defendants, NO. 08 CIV.
11219 (KNF)(S.D.N.Y.).  A copy of the Court's January 5, 2015
Opinion and Order is available at http://is.gd/RGVdc5from
Leagle.com.


LOVE CULTURE: Jan. 20 Hearing on Bid to Dismiss or Convert
----------------------------------------------------------
The Hon. Novalyn L. Winfield of the U.S. Bankruptcy Court for the
District of New Jersey will hold a hearing on Jan. 20, 2015, at
11:00 a.m., at the United States Bankruptcy Court, 50 Walnut Street
in Newark, New Jersey, to consider the motion filed by Roberta A.
DeAngelis, United States Trustee for Region 3, to convert the
Chapter 11 case of Love Culture Inc. to Chapter 7 case or, in the
alternative, dismiss the Debtor's case.

According to the U.S. Trustee, the Debtor has failed to pay
quarterly fees totaling $20,016, due for the third quarter of 2014.
Failure to pay any fees or charges required under Chapter 123 of
title 28 of the Bankruptcy Code constitutes cause to dismiss the
case, the U.S. Trustee points out.

The U.S. Trustee says conversion would be in the best interest of
creditors as it would result in the appointment of an independent
trustee who would liquidate any assets and investigate whether
there are any avoidance causes of action which might lead to a
distribution to creditors, the U.S. Trustee adds.

                      About Love Culture

Love Culture Inc. filed a Chapter 11 bankruptcy petition (Bankr. D.
N.J. Case No. 14-24508) on July 16, 2014.  J.E. Rick Bunka signed
the petition as chief restructuring officer.  Judge Novalyn L.
Winfield presides over the case.

Lowenstein Sander LLP acts as the Debtor's counsel.
PricewaterhouseCoopers LLP serves as the Debtor's financial
advisor.  Epiq Systems is the Debtor's claims and noticing agent.
Consensus Advisory Service LLC and Consensus Securities LLC is the
Debtor's investment banker.

On July 23, 2014, the U.S. Trustee for Region 3 appointed GGP
Limited Partnership, Simon Property Group Inc. and Washington Prime
Group Inc., The Macerich Co., Lux Design & Construction Limited,
and Touch Me Fashion Inc. to serve as members of the official
committee of unsecured creditors.  New York-based law firm Cooley,
LLP serves as the committee's counsel.  FTI Consulting, Inc.,
serves as the Committee's financial advisors.

The Debtor reported $90,198,494 in total assets, and $63,047,567 in
total liabilities.


MARTIN PEMSTEIN: Bankr. Judge Won't Hear Bid to Recover Payments
----------------------------------------------------------------
Bankruptcy Judge Robert Kwan abstained from hearing further
proceedings related to the Motion to Recover Payments in Excess of
Allowed Claims filed by Martin Pemstein.

The Debtor argues that Harold Pemstein, a creditor, had a total
claim of $718,000, based on a California state court judgment,
pre-petition interest, and an order by the bankruptcy court.  The
Debtor further argues that he and joint debtor, Diana Pemstein,
paid a total of $860,000 to Harold, and are thus owed $118,000 as
an overpayment of the claim, plus interest.

Harold agrees with the total amount paid by the Debtors, but
disagrees with the Debtors' calculation of his claim, and argues
that the resolution of any dispute over payment of the claim is
best left to the California state court.  Harold also argues that
any overpayment would be exceeded by the interest on the California
state court judgment awarded to Harold if the bankruptcy court
determines the debt to be nondischargeable.

Judge Kwan agrees with Harold that this matter is best left to the
state court to decide.

A copy of Judge Kwan's January 6, 2015 Order is available at
http://is.gd/o9JUJufrom Leagle.com.

Martin Pemstein and Diana Pemstein, based in Newport Beach,
California, filed for Chapter 11 bankruptc (Bankr. C.D. Cal. Case
No. 10-15552) on April 28, 2010.  Judge Robert N. Kwan oversees the
case.  Nancy Knupfer, Esq., at Fredman Knupfer Lieberman LLP,
serves as the Pemsteins' counsel.  In their
petition, the Pemsteins estimated $1 million to $10 million in
assets, and under $1 million in debts.  A list of the Company's 12
largest unsecured creditors filed together with the petition is
available for free at http://bankrupt.com/misc/cacb10-15552.pdf


METAWISE GROUP: Court Tosses Fraudulent Transfer Action
-------------------------------------------------------
Progressive Environmental Services, Inc., judgment creditor of
Metawise Group, Inc., sued the debtor asserting fraudulent
transfer, conspiracy and aiding and abetting in conspiracy to
defraud against both debtors and third parties Metamining, Inc.;
Songqiang Chen; ; and Armco Metals Holdings, Inc.  

On November 25, 2014, Metamining and Chen filed and properly served
a motion to dismiss all of Plaintiff's claims against them; the
hearing on their motion is set for Jan. 16, 2015.

On Dec. 8, 2014, Armco filed and properly served its motion to
dismiss the claims against it; Armco's motion is also set for
hearing on Jan. 16, 2015.

No opposition has been filed to either motion.  Objections were due
Jan. 2, 2015.

In its complaint, Plaintiff sought to enjoin a stock exchange
between debtor Draco Resources, Inc. -- whose stock is 100% owned
by Metawise -- and Armco.  However, Bankruptcy Judge Dennis Montali
ruled that no stock transfer occurred prior to the petition date
and still has not occurred. At this juncture, Metawise will have to
obtain court approval of a sale or transfer of its ownership
interests in Draco, or at least give creditors and others parties
in interest of its intent to do so, either through a plan or a
motion under 11 U.S.C. Sec. 363.  Hence, the Court granted Armco's
motion to dismiss.

Plaintiff also sought a declaratory judgment that it "is the proper
party to own and hold the 2% common stock in Metamining and all of
the shares in Draco that were previously owned by Metawise,
requiring Metawise to immediately turn over the 2% common stock in
Metamining and all of the shares in Draco to SWS."  Judge Montali
said the automatic stay precludes further prosecution of this claim
for relief, as Schedule B, Item 13 reflect that Metawise owns 100%
of Draco's stock and a 2% equity interest in Metamining, Inc.

Judge Montali also held that Plaintiff lacks standing to prosecute
its fraudulent transfer claims against Mr. Chen and Metamining (and
others), as those claims are property of the bankruptcy estate, and
must be prosecuted by an estate representative (usually a trustee,
debtor-in-possession, or a creditors' committee) or by a party
authorized by the court to pursue such relief.

Accordingly, Judge Montali granted both motions to dismiss and took
the January 16 hearings off calendar.

A copy of Judge Montali's Jan. 12, 2015 Memorandum Decision is
available at http://is.gd/dtNKXYfrom Leagle.com.

Metawise Group, Inc., based in Foster City, California, filed for
Chapter 11 bankruptcy (Bankr. N.D. Cal. 14-31652) on Nov. 13, 2014.
Hon. Dennis Montali presides over the case.  

An affiliate, Draco Resources, Inc. also sought Chapter 11
protection (Case No. 14-31654).  Metawise owns 100% of the stock of
Draco.

Michael C. Abel, Esq., and Scott H. McNutt, Esq., at McNutt Law
Group, LLP, serve as the Debtors' counsel.

In its petition, Metawise Group estimated $1 million to $10 million
in assets, and $10 million to $50 million in liabilities.

The petition was signed by Songqiang Chen, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb14-31652.pdf


MT LAUREL: Hearing on Use of Cash Collateral Reset to April 6
-------------------------------------------------------------
The Bankruptcy Court rescheduled to April 6, 2015, at 9:00 a.m.,
the hearing to consider Mt. Laurel Lodging Associates, LLP's motion
for use cash collateral.

The Court, in a second agreed supplement to the final order
authorizing the Debtor's use of cash collateral, had granted the
Debtor access to cash collateral until Dec. 31, 2014.

An agreement to extend cash collateral use was entered between the
Debtor and its secured lender, National Republic Bank of Chicago.


Judge Robyn L. Moberly directed the Debtor to make an additional
adequate protection payment to NRB in the amount of $53,251 by
Sept. 2, 2014, the allocation of which will be subject to further
Court order.

                About Mt. Laurel Lodging Associates

Mt. Laurel Lodging Associates, LLP and its debtor-affiliates filed
for separate Chapter 11 protection (Bankr. S.D. Ind. Lead Case No.
13-11697) on Nov. 4, 2013.  The debtor-affiliates are Ontario
Lodging Associates, LLC; Riverside Lodging Associates, LLC;
Rosenburg Lodging Associates, LLP; Tampa Palms Lodging Associates,
LLP; Titusville Lodging Associates, LLP; and Conroe Lodging
Associates, LLP.

Bankruptcy Judge Robyn L. Moberly presides over the case.  David
M. Neff, Esq., and Brian A. Audette, Esq., at Perkins Coie LLP,
and Andrew T. Kight, Esq., at Taft, Stettinius & Hollister LLP
represent the Debtor in their restructuring efforts.

The National Republic Bank of Chicago is represented by Bose
McKinney & Evans LLP and Stark & Stark, PC.

The Debtor estimated assets and debts at $10 million to
$50 million.  The petitions were signed by Bharat Patel, general
partner.


NAKED BRAND: Files Investor Presentation
----------------------------------------
On Jan. 12, 2015, Naked Brand Group Inc. posted a corporate
presentation on its Web site, a copy of which is available for free
at http://is.gd/5VGKmO  

The presentation includes a discussion about the Company's mission
and legacy, management team, and products.  The Company aims to
increase distribution, department store footprint and online
retailing presence.

                         About Naked Brand

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

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

The Company's balance sheet at Oct. 31, 2014, showed $3.90 million
in total assets, $18.8 million in total liabilities, and a
$14.8 million stockholders' capital deficit.


NASHVILLE BILTMORE: Exits Ch 11, To Procced With Bellevue Project
-----------------------------------------------------------------
Getahn Ward at The Tennessean reports that Nashville Biltmore LP
said it will proceed with the Biltmore Ridges mixed-use project at
Interstate 40 and McCrory Lane in Bellevue after resolving legal
issues with its lender and emerging from Chapter 11 bankruptcy.

According to The Tennessean, plans call for an almost one million
square feet project to include 1,400 single family homes and
townhomes, retail shops, hotels, and medical office space.

Citing Frank Deleo, spokesperson for the entity that consists of
European investors, The Tennessean relates that Nashville Biltmore
will spend up to six months securing permits and other approvals to
allow construction to begin this fall.

Based in Plano, Texas, Nashville Biltmore LP engages in housing
and commercial development.  The Company filed for Chapter 11
protection (Bankr. E.D. Tex. Case No. 12-41933) on July 19, 2012 .
Judge Brenda T. Rhoades presides over the case.  Joyce W.
Lindauer, Esq., represents the Debtor.  The Debtor estimated both
assets and debts of between $1 million and $10 million.

According to Getahn Ward at The Tennessean, the Debtor was released
from bankruptcy after Nashville Biltmore settled claims against NBH
Bank, which acquired the project's lender Hillcrest Bank.


NII HOLDINGS: LuxCo Taps Quinn Emanuel as Special Counsel
---------------------------------------------------------
NII International Holdings S.a.r.l. ("LuxCo Holdings") obtained
approval from the Bankruptcy Court to employ Quinn Emanuel Urquhart
& Sullivan, LLP, as special counsel, nunc pro tunc to Dec. 12,
2014.  Quinn Emanuel will be compensated for its services and
reimbursed for any related expenses in accordance with the firm's
customary billing practices and procedures.

                         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 Scott J. Greenberg, Esq., and Michael J.
Cohen, Esq., of Jones Day as counsel and Prime Clerk LLC as claims
and noticing agent.  NII Holdings disclosed $1.22 billion in assets
and $3.068 billion 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.  The Committee is represented by Kenneth H. Eckstein,
Esq., and Adam C. Rogoff, Esq., at KRAMER LEVIN NAFTALIS & FRANKEL
LLP.

Capital Group, one of the Backstop Parties, is represented by
Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and Lawrence
G. Wee, Esq., at PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP.

Aurelius, one of the Backstop Parties, is represented by Daniel H.
Golden, Esq., David H. Botter, Esq., and Brad M. Kahn, Esq., at
AKIN GUMP STRAUSS HAUER & FELD LLP.

                            *   *   *

A Jan. 28, 2015 hearing is currently scheduled to consider the
adequacy of the disclosure statement explaining NII Holdings, Inc.,
et al.'s joint plan of reorganization.

The Plan and Disclosure Statement, filed on Dec. 22, 2014, allow
the Debtors to strengthen their balance sheet by converting $4.35
billion of prepetition notes into new stock and provide the Debtors
with $500 million of new capital.  The Plan also permits the
Debtors to avoid the incurrence of significant litigation costs and
delays in connection with potential litigation claims and exit
bankruptcy protection expeditiously and with sufficient liquidity
to execute their business plan.



NNN 1818: Removes 2 State Court Actions
---------------------------------------
NNN 1818 Market Street 16, LLC, filed notices of removal of the
following state court confirmation actions to the U.S. Bankruptcy
Court Central District of California, Los Angeles Division:

   * Daymark Properties Realty, Inc., f/k/a NNN Properties, Inc. v
     NNN 1818 Market Street 16, LLC, et al., Case No.
     30-2014-00763758-CU-PA-CJC, pending before the Superior Court
     of California - Central Justice Center, County of Orange; and

   * NNN 1818 Market Street 16, LLC, et al. v. Daniel P. O'Keefe,
     et al., Case No. BC559541, pending before the Superior Court
     of California for the County of Los Angeles; and

According to the Debtor, the state court actions are civil
proceedings related to the Chapter 11 case.

NNN 1818 Market Street 16, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 15-10111) on Jan. 5, 2015.
The petition was signed by Gabor Csupo as manager.  The Debtor
estimated assets and debts of $10 million to $50 million.  John L.
Smaha, Esq., at Smaha Law Group serves as the Debtor's counsel.

Two of the Debtor's affiliates also sought bankruptcy protection on
Jan. 6, 2015.


NPS PHARMACEUTICALS: To be Acquired by Shire for $5.2 Billion
-------------------------------------------------------------
NPS Pharmaceuticals, Inc., and Shire plc have entered into a merger
agreement pursuant to which Shire will acquire all the outstanding
shares of NPS Pharma for $46.00 per share in cash, for a total
consideration of approximately $5.2 billion.  Shire will accelerate
the growth of NPS Pharma's innovative portfolio through its market
expertise in gastrointestinal (GI) disorders, core capabilities in
rare disease patient management, and global footprint.  The
transaction has been approved unanimously by the Boards of
Directors of both Shire and NPS Pharma.

NPS Pharma is a rare disease-focused biopharmaceutical company and
its first product, GATTEX(R)/REVESTIVE(R) (teduglutide [rDNA
origin]) for injection, is approved in the United States and
Europe(1) to treat adults with short bowel syndrome (SBS) who are
dependent on parenteral support.  NPS Pharma also has a
registration phase product, NATPARA(R)/NATPAR(R) (rhPTH [1-84]) for
the treatment of hypoparathyroidism (HPT).

The $46.00 per share price in the transaction represents a 51%
premium to NPS Pharma's unaffected share price of $30.47 on
Dec. 16, 2014.

Shire's chief executive officer, Flemming Ornskov, MD, MPH,
commented:

"The acquisition of NPS Pharma is a significant step in advancing
Shire's strategy to become a leading biotechnology company.  With
our global strength and expertise in both rare diseases and GI,
Shire is uniquely positioned to drive the continued success of
GATTEX/REVESTIVE, and, if approved, commercialize NPS Pharma's
pipeline compound NATPARA/NATPAR.

"We look forward to accelerating the growth of the NPS Pharma
portfolio based on our proven track record of maximizing value from
acquired assets and commercial execution.  The NPS Pharma
organization will be a welcome addition to Shire as we continue to
help transform the lives of patients with rare diseases."

Francois Nader, MD, president, chief executive officer and Director
of NPS Pharma, stated:

"Shire shares NPS Pharma's commitment to patients with rare
diseases.  We believe that joining our two companies will drive
value for shareholders and ensure we continue to transform the
lives of patients with short bowel syndrome, hypoparathyroidism,
and autosomal dominant hypocalcemia worldwide.  I am confident that
this transaction will accelerate our ambition of creating a world
where every person living with a rare disease has a therapy.

I would like to thank all of our employees for their continued
outstanding contributions and steadfast commitment to the patients
we serve."

The acquisition of NPS Pharma is expected to enhance Shire's
revenue and earnings growth profile.  Shire expects the transaction
to be accretive to Non GAAP EPS from 2016 onward.

Related to the acquisition, Shire anticipates that it will realize
operating synergies beginning in 2016 and growing substantially
thereafter.  Shire anticipates synergies approximating 25-35% of
the Street's consensus forecast of NPS Pharma's standalone future
operating cost base from 2017 onward.

Shire also expects that the transaction will deliver ROIC in excess
of its weighted average cost of capital.

Shire has secured an $850 million fully underwritten short-term
bank facility, which, in addition to Shire's cash and cash
equivalents and its existing $2.1 billion five-year revolving
credit facility, is available to finance the transaction and pay
related fees and expenses.  Shire plans to refinance the short-term
bank facility through new debt issuances in due course.

The closing of the transaction is subject to customary conditions,
including the tender of a majority of the outstanding NPS Pharma
shares and the receipt of Hart-Scott-Rodino clearance.  Pending
those closing conditions, it is anticipated that the transaction
will close in the first quarter of 2015.

Citigroup Global Markets Limited and Lazard are acting as joint
financial advisors to Shire.  Goldman, Sachs & Co. and Leerink
Partners LLC are acting as financial advisors to NPS Pharma.  Davis
Polk & Wardwell LLP and Slaughter & May are acting as legal
advisors to Shire and Skadden, Arps, Slate, Meagher & Flom LLP is
acting as legal advisor to NPS Pharma.

A full-text copy of the Agreement and Plan of Merger is available
for free at http://is.gd/vHtAmR

                       Letter to Colleagues

Dear NPS Pharma Colleagues,

By now you have heard the news about our two companies coming
together to help more patients around the world living with rare
diseases.  The team at NPS Pharma has built an exceptional company,
one which makes a meaningful impact on the lives of patients.  I
know I speak on behalf of all the employees at Shire when I say we
are excited to welcome you to our organization.

I am incredibly enthusiastic about the prospects this announcement
holds because I can already see many shared traits and values in
the people at NPS Pharma and Shire.  We have similar cultures that
are focused on one thing - helping people.  At Shire, our purpose
statement is to enable people with life-altering conditions lead
better lives.  We're committed to growing our company, and ensuring
we deliver the maximum value we can to all of our stakeholders -
most importantly patients.  After speaking with several people at
your organization, I know this is an important value for the
employees at NPS Pharma as well.

Over the coming days I will be at the J.P. Morgan Healthcare
Conference in San Francisco, explaining this transaction to
shareholders.  It is my priority to meet you as soon as possible,
so I will be visiting your New Jersey site on Friday, January 16th.
My team and I admire the company that you have built, and the work
that you have done to bring innovative medicines to patients around
the world.  And although there are many similarities between our
two companies, we realize there is much we'll need to learn from
you to ensure a seamless integration and maintain business
continuity.

As you have heard from Francois, the closing of this transaction is
subject to anti-trust and customary closing conditions.  It is
anticipated that the transaction will close in the first quarter of
this year.

While I hope you agree that this is an exciting time for both of
our companies, I do appreciate that it is also an uncertain time
for you.  Please rest assured that, upon closing, we will quickly
share with you more detailed information regarding the integration
process, including timing.  Along the way we will want your input
and feedback.  If we are able to share more with you before the
closing, we will do so through your management team.

Again, on behalf of Shire, we are excited about the prospect of
having your company join ours.  Until that happens, however, I'm
confident that you will continue your great work of meeting the
needs of the patients who rely on your medicines.  I look forward
to meeting you on Friday.

Kind regards,
/s/ Flemming Ornskov
Flemming Ornskov, MD, MPH
CEO, Shire

                     About NPS Pharmaceuticals

Based in Bedminster, New Jersey, NPS Pharmaceuticals Inc. (Nasdaq:
NPSP) -- http://www.npsp.com/-- is developing new treatment
options for patients with rare gastrointestinal and endocrine
disorders.

NPS Pharmaceuticals reported a net loss of $13.50 million in 2013,
a net loss of $18.73 million in 2012 and a net loss of $36.26
million in 2011.  The Company posted consolidated net loss of
$31.44 million in 2010 and a net loss of $17.86 million in 2009.

The Company's balance sheet at Sept. 30, 2014, showed $282
million in total assets, $151 million in total liabilities and
$131 million in total stockholders' equity.


NW VALLEY HOLDINGS: Files Bare-Bones Ch. 11 Petition
----------------------------------------------------
NW Valley Holdings LLC, formerly known as Kyle Acquisition Group
LLC, filed a Chapter 11 bankruptcy petition (Bankr. D. Nev. Case
No. 15-10116) on Jan. 10, 2015, without stating a reason.

The Debtor estimated less than $1 million in assets and $100
million to $500 million in liabilities.

The meeting of creditors under 11 U.S.C. Sec. 341(a) is slated for
Feb. 12, 2015.  The deadline for filing claims is May 13, 2015.

The Debtor is represented by Matthew C. Zirzow, Esq., at Larson &
Zirzow, in Las Vegas.

Asgaard Capital, LLC, serves as manager of the Debtor.


OZ GAS: Judge Enters Decision for Kroto as Counsel
--------------------------------------------------
U.S. Bankruptcy Judge Thomas P. Agresti entered a memorandum
granting approval to Guy C. Fustine, Chapter 11 trustee for OZ Gas,
Ltd., and its affiliates, to employ John F. Kroto, as counsel.

Attorney Kroto served as a term law clerk for Judge Agresti
beginning in October 2010.  In July 2013, Mr. Kroto accepted a
position as an associate attorney with the law firm of Knox
McLaughlin Gornalll & Sennett, P.C.  Mr. Kroto has been working
primarily in the areas of bankruptcy law and creditor's rights law
at KMGS, where the Trustee, a partner in the firm, is his immediate
supervisor.  Judge Agresti has a personal policy that they may not
appear in any matter before him for a period of at least 6 months
following the end of their clerkship.  Attorney Kroto fully
complied with that policy.

The Debtors' bankruptcy cases were filed in January 2012.  Guy C.
Fustine was appointed as Trustee on Nov. 14, 2014, and filed a
notice of acceptance on Nov. 18, 2014.  Shortly thereafter, the
Trustee filed motions seeking to employ himself and KMGS as
attorney pro se for the Trustee, which motions were granted on Dec.
8, 2014.  The purpose of the motions is to seek approval for
Attorney Kroto to act as an attorney for the Trustee in the Oz Gas
cases despite the fact that he was serving as a law clerk for Judge
Agresti during the part that the cases were pending.

The judge note that it appears that there are two "exceptions" to
the general prohibition of a former law clerk from representing a
party in a case that was pending before the judge during the
person's clerkship.  First, if the former law clerk's involvement
in the case was not "substantial", subsequent representations may
be permitted.  Second, even if the involvement was substantial, if
all the parties to the proceeding vie informed consent then the
representation would be allowed.

Attorney Kroto has supplied an affidavit describing his involvement
with the Oz Gas cases during his time as a law clerk as being
limited to attending hearings and reviewing monthly operating
reports filed by the Debtors.  Neither of these activities involved
advising the Court on any legal issues arising in the cases.
Attorney Kroto's involvement in the Oz Gas cases is de minimus.

But even if the Court were to err on the side of caution, the Court
notes that consent has been given by the Debtors, the Oz Gas
Official Committee of Unsecured Creditors, and the 3 largest
secured creditors.  The U.S. Trustee has also filed a document
stating that she consents to Attorney Kroto representing the
Chapter 11 Trustee.

A copy of the decision is available for free at:

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

Attorney Kroto can be reached at:

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

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

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

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

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

Judge Thomas P. Agresti oversees the Chapter 11 cases.  Robert S.
Bernstein, Esq., at Bernstein Law Firm P.C., serves as counsel to
the Debtors.  Each of Great Plains and Oz Gas estimated
$10 million to $50 million in assets and debts.  John D. Oil's
balance sheet at Dec. 31, 2011, showed $6.98 million in total
assets, $13.3 million in total liabilities, and a stockholders'
deficit of $6.28 million.  The petitions were signed by Richard M.
Osborne, CEO.

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


PACIFIC GOLD: Incurs $361,000 Net Loss in Third Quarter
-------------------------------------------------------
Pacific Gold Corp. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $362,000 on $0 of revenue for the three months ended Sept. 30,
2014, compared to net income of $789,000 on $0 of revenue for the
same period in 2013.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $1.34 million on $0 of revenue compared to net income
of $52,900 on $0 of revenue for the same period last year.

Pacific Gold reported a net loss of $463,000 in 2013 following a
net loss of $16.6 million in 2012.

As of Sept. 30, 2014, the Company had $1.09 million in total
assets, $3.81 million in liabilities, and a $2.71 million
stockholders' deficit.

As of Sept. 30, 2014, the Company had an accumulated deficit of
$45,917,146, negative working capital of $1.11 million, and
negative cash flows from the nine months ended Sept. 30, 2014, of
$586,000, raising substantial doubt about its ability to continue
as a going concern.  During the nine months ended Sept. 30, 2014,
the company financed its operations through the sale of securities,
proceeds received from sale of mining claims, and issuance of
debt.

"Management's plan to address the Company's ability to continue as
a going concern includes obtaining additional funding from the sale
of the Company's securities and establishing revenues.  Although
management believes that it will be able to obtain the necessary
funding to allow the Company to remain a going concern through the
methods discussed above, there can be no assurances that such
methods will prove successful.  Should we be unsuccessful, the
Company may need to discontinue its operations" according to the
Report.

Silberstein Ungar, PLLC, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2013.  The independent auditors noted that the Company has
incurred losses from operations, has negative working capital, and
is in need of additional capital to grow its operations so that it
can become profitable.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.

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

                         About Pacific Gold

Las Vegas, Nev.-based Pacific Gold Corp. is engaged in the
identification, acquisition, and development of prospects believed
to have gold mineralization.  Pacific Gold through its
subsidiaries currently owns claims, property and leases in Nevada
and Colorado.


PLATFORM SPECIALTY: Moody's Rates New $920MM Unsecured Notes B2
---------------------------------------------------------------
Moody's Investors Service has affirmed Platform Specialty Products
Corporation's Corporate Family Rating ("CFR") at B1 and assigned a
B2 rating to the new $920 million Senior Unsecured Notes due 2022,
to be issued in US dollar and Euro tranches. The issuance completes
the funding for the $3.51 billion acquisition of Arysta LifeScience
Limited, parent of Arysta LifeScience SPC, LLC (B2 stable), whose
ratings will be withdrawn upon completion of the transaction.
Moody's also affirmed the B1 ratings on the company's existing
secured debt. The Speculative Grade Liquidity rating is affirmed at
SGL-3 and the outlook is negative.

"The notes issuance completes the capital structure for Platform's
recent acquisitions of Arysta, Agriphar and CAS, resulting in
elevated leverage but increasing the scale and diversity, nearly
quadrupling the size of the company," said Lori Harris, Moody's
Analyst for Platform Specialty Products Corporation. "The weakened
credit metrics and integration risk constrains the rating until the
company demonstrates cash generation, growth, and reduced leverage
from the combined entity."

The following summarizes the actions:

Ratings Assigned:

Platform Specialty Products Corporation

  $920 million Senior Unsecured Notes due 2022 -- B2, LGD5

Ratings Affirmed:

Platform Specialty Products Corporation

  Corporate Family Rating -- B1

  Probability of Default -- B1-PD

  Speculative Grade Liquidity Rating SGL-3

MacDermid Inc.

  $300 million Senior Secured Revolver -- B1, LGD3

  $885 million Senior Secured Term Loan -- B1, LGD3

  $1.0 billion Senior Secured Term Loan -- B1, LGD3

MacDermid Agricultural Solutions Holdings BV

  $330 million Senior Secured Term Loan -- B1, LGD3

These ratings are subject to Moody's review of the final terms and
conditions of the proposed transaction. In particular, the ratings
assume that the $1.1 billion proposed term loans (with $1.0 billion
USD denominated loans and $100 million equivalent of Euro
denominated loans , approximately €80 million) will have the same
guarantors and share the same collateral as the existing loans,
including: (i) guarantees by all material subsidiaries; (ii) a
first lien senior secured position in fixed assets, accounts
receivables, and inventory, and (iii) that $920 million senior
unsecured notes due 2022 will be issued to complete the funding for
the Arysta acquisition (with an expected $500 million denominated
in USD and $420 million equivalent Euro denomination, approximately
€350 million). If the final debt amounts differ from the
proposed, the ratings could be changed.

Ratings Rationale

Platform's B1 CFR is constrained by the company's elevated pro
forma leverage (5.5x PF LTM September 30, 2014 and 5.0x including
synergies), the significant integration risks associated with three
recent acquisitions that have nearly quadrupled the size of the
company, and expectations of continued acquisition-driven growth,
as a result of the company's stated tactic of being an acquirer and
consolidator of specialty chemicals businesses globally.
Furthermore, the company's liquidity is pressured by increased
working capital demands from the new agricultural business silo,
debt costs, and integration expenses. The rating is supported by:
the improved size; increasingly diverse revenue stream; and strong
margins and cash flow generating capabilities of the combined
businesses, which benefit from geographic, operational, and product
diversity through its global footprint, with significant operations
in the US, Europe, and Asia. These factors lend stability to the
company's EBITDA generation compared to some peers in the chemical
and agricultural industries. (All ratios include Moody's Standard
Adjustments.)

The rating contemplates the recently acquired businesses of
Agriphar and AgroSolutions as well as the pending acquisition of
Arysta, which add a new business silo to Platform in the
agricultural chemicals business. Platform is acquiring the three
businesses for a combined cost of $5.0 billion with a combination
of debt and equity, where the equity contribution totals over $2.1
billion (over 40% of the acquisition value). While the equity
contribution is substantial, the size of the acquisitions relative
to the prior Platform businesses elevates integration risks.
Furthermore leverage will start out above management's stated net
leverage target of 4.5x, which will delay the return of metrics to
levels that fully support the rating, especially if the company
undertakes additional debt financed transactions in the second half
of 2015.

Supporting the rating is Platform's historic ability (through the
MacDermid legacy business) to generate positive free cash flow
throughout the business cycle and track record of improving margins
to levels reflective of specialty chemicals (above 15%). The legacy
company enjoys strong market positions in certain niche markets,
modest capital expenditure requirements, and has limited exposure
to volatile raw materials costs. The majority of Platform's raw
materials are not petrochemical-based, therefore, the company does
not experience the same cost vagaries as other chemical firms. The
rating also reflects Platform's exposure to cyclical end-markets
such as automotive, commercial packaging and consumer electronics
(printed circuit boards) through its Performance Materials and
Graphic Solutions segments. While this exposure will decline with
the addition of the AgroSolutions, Agriphar, and Arysta businesses,
the Performance Materials and Graphic Solutions segments will
continue to contribute approximately 25% of revenue.

Moody's expects the company to achieve the planned synergies by
2017 and reduce adjusted financial leverage to below 5.0x by the
end of 2015. The calculation incorporates $25 million of synergies,
and Moody's Standard Adjustments including the capitalization of
operating leases, debt attribution for the underfunded portion of
defined benefit pension plans, and debt treatment for convertible
preferred stock contingent liability. Including the aforementioned
adjustments, Moody's estimates pro forma adjusted financial
leverage near 5.5x (excluding synergies) and 5.0x (including
synergies) for the twelve months ended September 31, 2014. Moody's
expects meaningful seasonal revolving credit facility use, one-time
expenses associated with synergies, and the potential for more
acquisitions, but limited capex spending. Because cash flow
generation will be used to support interest expense and working
capital, which will be significantly higher as a result of the
Arysta transaction, incremental acquisitions could result in a
lower rating unless structured with equity such that pro forma
leverage is lowered.

The SGL-3 Speculative Grade Liquidity Rating indicates adequate
liquidity to support operations for at least the next four
quarters, with meaningful use of the revolving credit facility.
Moody's short-term liquidity assessment is supported by over $280
million of cash as of September 31, 2014, the $300 million
revolving credit facility, and local credit lines to support the
agricultural chemicals business. Moody's expects about $170 million
of revolver availability at the close of the Arysta acquisition.
Subsequently, Platform intends to draw on the revolver to fund
working capital for seasonal swings (approximately $500-700
million) related to its new agricultural chemicals businesses in
2015. The only financial covenant on the revolving facility, which
will be triggered as a result greater than 25% of the commitment
drawings, is a springing net first lien leverage ratio of 6.5x.
Moody's believes that the revolver is small for the size of the
company and the working capital needs of the agricultural chemicals
business, however the revolver is supplemented by local lines of
credit. The company has proposed $1.1 billion in term loans to fund
Arysta as well as $920 million in senior unsecured notes due 2022
to fully fund the acquisition, thus it will not need to access the
$750 million bridge loan. In total, Platform has raised over $1.33
billion from the issuance of equity, $187 million in warrants, and
$600 million in convertible preferred stock to fund the three
agricultural chemical acquisitions. Platform's $600 million of
convertible preferred stock has a two-year mandatory convertible
feature that requires the company to deliver stock plus a cash
payment if the stock price is below $27.14 / share, such that the
total conversion is no less than $600 million. As a result of this
conversion feature a contingent liability is added to Platform's
debt obligation ($78 million as of December 1, 2014). The firm has
no material near-term debt maturities and its 1% annual
amortization payments total approximately $25 million. The company
is subject to an excess cash flow sweep, which steps down once the
first lien net leverage falls below certain thresholds. The firm
has low maintenance capital expenditure requirements, which will
increase following completion of the acquisitions, but still remain
relatively low. Platform does not pay cash dividends, but has
preferred equity, which pays dividends in the form of common
stock.

The negative outlook reflects the elevated risk of integrating
three companies (Agriphar, AgroSolutions, and Arysta) that increase
Platform's aggregate size by almost three times. The negative
outlook also incorporates Platform's elevated leverage, above 5.0x,
and Moody's expectation that Platform will seek to complete
additional acquisitions over the next 12 months. There is limited
upside to the rating at this time. Following a successful
completion and integration of Platform's acquisitions, the ratings
could be upgraded if leverage falls below 4.0x on a sustained basis
and the company demonstrates its ability to grow its sales and
generate significant free cash flow. Conversely, Platform's ratings
could be downgraded if its operating and credit metrics
deteriorate. Specifically, if leverage remains above 5.0x over the
next 12 to 18 months or if incremental acquisitions prevent the
meaningful reductions in leverage, Moody's would contemplate a
rating downgrade. The rating would be pressured if management
undertakes another sizable debt-financed acquisition in 2015, if
the company accelerates the pace of acquisitions such that debt
rises faster than EBITDA, or if there is no debt reduction between
acquisitions.

The primary methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013. Other
methodologies used include Loss Given Default for Speculative-Grade
Non-Financial Companies in the U.S., Canada and EMEA published in
June 2009.

Headquartered in Miami, Florida, Platform Specialty Products Corp
(Platform) is a publicly-traded company founded by investors Martin
Franklin and Nicolas Berggruen in 2013. Platform's first
acquisition in 2013 was MacDermid Holdings, LLC, a global
manufacturer of variety of chemicals and technical services for a
range of applications and markets including; metal and plastic
finishing, electronics, graphic arts, and offshore drilling.
Platform is in the process of acquiring Arysta LifeScience Limited
for approximately $3.51 billion. Platform has already acquired
Chemtura Corporation's AgroSolutions business and Belgium-based
Group Agriphar Group agricultural chemical business, in levered
transactions valued at roughly $1 billion and $405 million,
respectively. Pro forma for the acquisitions, Platform's sales are
roughly $2.9 billion for the twelve months ended September 30, 2014
(LTM revenues of $755 million from Platform's existing business,
$461 million from AgroSolutions as of September 30, 2014, $171
million YE 2013 revenues from Agriphar, and $1.5 billion as of
September 30, 2014 for Arysta ).



QBS INTERMEDIATE: S&P Assigns B Corp Credit Rating; Outlook Stable
------------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned a 'B' corporate
credit rating to Houston-based QBS Intermediate Holding Co. II LLC
(d/b/a Quorum Business Solution Inc.).  The outlook is stable.

In addition, S&P assigned a 'B' issue-level rating and '3' recovery
rating to the company's $15 million revolving credit facility due
2019 and $125 million first-lien term loan due 2021. The '3'
recovery rating indicates S&P's expectation for meaningful (50% to
70%) recovery of principal in the event of payment default.

"The ratings on Quorum reflect the company's 'weak' business risk
profile and its 'highly leveraged' financial risk profile (as
defined by our criteria)," said Standard & Poor's credit analyst
Peter Bourdon.

The company's weak business risk profile incorporates its small
revenue base and limited geographic diversity and operating scale.
Furthermore, the company competes with several major and
long-established players that have greater financial and product
resources.  However, its growing and significant recurring revenue
base and high customer retention rate partly offset this weakness.
Quorum's "highly leveraged" financial profile reflects pro forma
leverage of over 5x and our expectations that leverage will be
around 5x for the intermediate term.

The stable outlook reflects S&P's expectation that Quorum's
significant recurring revenue base aided by revenue growth and
improving EBITDA margins should result in moderate free cash flow
generation.

S&P views an upgrade as unlikely over the next 12 months given
Quorum's small revenue base, limited geographic diversity and
operating scale, and an ownership structure that is likely to
preclude sustained deleveraging.

S&P could lower the rating if Quorum's operating profitability
materially weakens causing leverage to be sustained above high 6x
level.



QUINCY MEDICAL: Bankr. Court Has No Jurisdiction on Execs' Claim
----------------------------------------------------------------
Massachusetts District Judge Rya W. Zobel ruled that the bankruptcy
court lacked subject matter jurisdiction to enter post-confirmation
judgments allowing the claims of Victor Munger and Apurv Gupta --
former executives at debtors Quincy Medical Center, Inc., QMC ED
Physicians, Inc., and Quincy Physician Corporation -- against
Quincy Medical Center, a Steward Family Hospital, Inc.  Judge Zobel
said Steward is a separate legal entity from the Debtors.  Judge
Zobel vacated the judgments and remanded the case with instructions
to dismiss Munger's and Gupta's claims against Steward.

The case is, QUINCY MEDICAL CENTER, A STEWARD FAMILY HOSPITAL, INC.
v. APURV GUPTA, M.D., and VICTOR MUNGER, CIVIL ACTION NO.
12-40128-RWZ, NO. 12-40131-RWZ (D. Mass.).  A copy of the District
Court's January 5, 2015 Memorandum of Decision is available at
http://is.gd/7vD9kffrom Leagle.com.

                    About Quincy Medical Center

Quincy Medical Center is a 196-bed, nonprofit hospital in Quincy,
Massachusetts.  Quincy Medical Center, Inc. together with two
affiliates, sought Chapter 11 protection (Bankr. D. Mass. Lead
Case No. 11-16394) on July 1, 2011.  John T. Morrier, Esq., at
Casner & Edwards, LLP, in Boston, serves as counsel to the
Debtors.  Navigant Capital Advisor LLC and Navigant Consulting
Inc. serve as financial advisors.  Epiq Bankruptcy Solutions LLC
is the claims, noticing, and balloting agent.

Quincy disclosed assets of $73 million and liabilities of
$79.4 million.  Debt includes $56.4 million owing on secured bonds
issued through a state health-care finance agency.  There is
another $2.5 million secured obligation owing to Boston Medical
Center Corp.  Accrued liabilities are $18.2 million.

On July 12, 2011, the U.S. Trustee for the District of
Massachusetts appointed the Official Committee of Unsecured
Creditors.  Counsel to the Creditors' Committee is Jeffrey D.
Sternklar, Esq., at Duane Morris LLP, in Boston, Massachusetts.
Deloitte Financial Advisory Services LLC is the financial advisor
to the Creditors' Committee.

Quincy sold its hospital facility to Steward Health Care System
LLC, in October 2011 for $52.4 million, not enough for full
payment to secured bondholders owed $56.5 million. The bonds were
issued through a state health-care finance agency.  Nonetheless,
$562,500 -- not subject to bondholders' deficiency claims -- was
set aside for unsecured creditors with claims estimated to total
between $6 million and $7 million.  The disclosure statement
estimated unsecured creditors would recover about 8.4%.

In November 2011, the Court approved the Chapter 11 liquidation
plan.  The Plan was later declared effective on Dec. 7, 2011.


RADIOSHACK CORP: Salus Loan Won't Ward Off Bankruptcy, Report Says
------------------------------------------------------------------
Steve Symington, writing for The Motley Fool, reports that Salus
Capital Partners' $500 million loan to RadioShack Corp. won't save
the Debtor from bankruptcy.

As reported by the Troubled Company Reporter on Jan. 13, 2015, Matt
Jarzemsky, Gillian Tan and Drew FitzGerald at Daily Bankruptcy
Review reported that people familiar with the matter said that
Salus Capital offered the Debtor $500 million in bankruptcy
financing, which could increase the lender's influence if the
struggling retailer ends up in Chapter 11.  According to the
report, the Debtor hasn't said it plans to seek bankruptcy
protection.

The Motley Fool relates that the loan would also replace the
Debtor's existing $585 million asset-backed credit line.  The
report says that of the Debtor's total liquidity at the start of
November 2014, $19.3 million was in the form of available credit
under that facility.

                     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 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.


RECYCLE SOLUTIONS: Seeks Approval to Sell Equipment for $31,300
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Tennessee is
set to hold a hearing on Jan. 15, at 9:30 a.m., to consider the
sale of an equipment owned by Recycle Solutions, Inc.

Recycle Solutions has reached an agreement with creditor Medsafe
Waste to sell the equipment for $31,300.

Medsafe Waste is a creditor of Recycle Solutions, which holds a
pre-bankruptcy claim of $13,160 against the company.  Under the
agreement, it will receive a credit of $6,000 for its claim in full
satisfaction of the debt, leaving sale proceeds of $24,800,
according to court filings.

The proposed sale drew flak from secured creditors Regions Bank and
the Office of the Shelby County Trustee.

Regions Bank complained the company proposed to sell the equipment
"free and clear" of the bank's lien but it did not propose to pay
the entire sale proceeds to the bank.

Meanwhile, the Shelby County Trustee said it will oppose any
request by Recycle Solutions to get a court order that would allow
the sale of the equipment without requiring the company to pay its
personal property taxes.

                      About Recycle Solutions

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

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

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

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

The U.S. Trustee for Region 8 appointed three creditors to serve on
the official committee of unsecured creditors.


RESTORGENEX CORP: Copy of Presentation to Investors
---------------------------------------------------
Beginning on or about Jan. 12, 2015, representatives of RestorGenex
Corporation intend to make presentations at investor conferences
and in other forums.  

The presentation includes investment highlights, Company overview,
management team, product portfolio, and market.

The Company also disclosed that as of Dec. 31, 2014, it had $22
million in cash, $94,000 in accounts payable, $0 in debt, and 18.6
million in outstanding shares.

A copy of the presentation slides is available for free at:
              
                        http://is.gd/OL0qPV

                         About RestorGenex

RestorGenex Corporation operates as a biopharmaceutical company.
It focuses on dermatology, ocular disease, and women's health
areas.  The company was formerly known as Stratus Media Group,
Inc., and changed its name to RestorGenex Corporation in March
2014.  RestorGenex Corporation is based in Los Angeles,
California.

Restorgenex reported a net loss of $2.45 million in 2013 following
a net loss of $6.85 million in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $50.5 million
in total assets, $7.74 million in total liabilities and $42.8
million in total stockholders' equity.

Goldman Kurland and Mohidin LLP, in Encino, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that RestorGenex Corporation has suffered recurring
losses and has negative cash flow from operations.  These
conditions, the auditors said, raise substantial doubt as to the
ability of RestorGenex Corporation to continue as a going concern.


RIALTO HOLDINGS: S&P Revises Outlook to Neg. & Affirms 'B+' Rating
------------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on Rialto
Holdings LLC to negative from stable.  S&P affirmed the issuer
credit rating on the firm, as well as the debt rating on the senior
unsecured notes, at 'B+' and 'B', respectively.

"The outlook revision to negative reflects our view that the
announced departure of a group of employees within Rialto's
investment management unit to KKR, including two executive
managers, weakens the stability of the investment management group
and perhaps its ability to launch new investment funds," said
Standard & Poor's credit analyst Richard Zell.  In addition to
commercial mortgage origination, investment management is one of
Rialto's two main ongoing business strategies, as the legacy
distressed real estate remediation business continues to wind
down.

Two of the more prominent departures include Managing Directors
Matt Salem and Patrick Mattson. Mr. Salem was responsible for
overseeing Rialto's real estate debt security and capital markets
activities.  The agreements that govern several of Rialto's funds
list Mr. Salem as one of a group of key people--although his
departure will not trigger the "key man" provision of those
agreements (that would take additional departures at the senior
management level).  Positively, Rialto's senior management team
remains largely in place and has elevated experienced subordinate
employees to fill the vacancies left by the departures.

S&P still expects Rialto to expand its investment management
business, and the departure of this group may prove to be only a
temporary setback.  Still, the loss of these employees, in S&P's
view, increases the execution risks associated with a successful
implementation of the investment management strategy and related
future revenues and earnings.  S&P could lower the rating if Rialto
is unable to demonstrate stability in the performance of its
investment management business or exhibits difficulty raising
investment funds.  S&P will likely change the outlook to stable in
less than a year, if the company can do so.

S&P's rating on Rialto continues to reflect its short-track record,
its concentration in commercial real estate, and its dependence on
repurchase agreements with margin call exposure.  The company's
experienced management team and diversity across three business
lines are positive rating factors.

S&P could lower the rating on Rialto if S&P believes the departure
of investment management team members weakens long-term business
stability--for example, if there is as an inability to raise new
investment funds, declining investment management fees, or
deteriorating fund performance.  If further staff defections from
other areas of the firm threaten revenue growth, S&P may lower the
rating.  If the performance of legacy assets shows signs of
significant deterioration, or if newly originated commercial
mortgage loans come under stress as a result of market dislocation
or a loosening of underwriting standards, S&P may also consider
lowering the rating.

If Rialto successfully navigates the departure of these managers,
with limited impact on the firm's ability to raise new investment
funds or the performance of the existing funds, and continues to
build a diverse and sustainable revenue stream, we would likely
consider revising the outlook to stable over the coming 12 months.



RICEBRAN TECHNOLOGIES: Hal Mintz Has 8.5% Stake as of Dec. 31
-------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Hal Mintz and his affiliates disclosed that as
of Dec. 31, 2014, they beneficially owned 799,200 shares of common
stock of RiceBran Technologies representing 8.53 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at http://is.gd/LJydev

                           About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

RiceBran Technologies reported a net loss of $17.6 million on
$35.05 million of revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $11.1 million on $37.7 million of
revenues for the year ended Dec. 31, 2012.

As of Sept. 30, 2014, the Company had $46.6 million in total
assets, $29.9 million in total liabilities, $3.94 million in
redeemable noncontrolling interest in Nutra SA, and $12.7 million
in total equity attributable to the Company's shareholders.

BDO USA, LLP, in Phoenix, Arizona, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations
resulting in an accumulated deficit of $219 million at Dec. 31,
2013.  This factor among other things, raises substantial doubt
about its ability to continue as a going concern.


RITE AID: Fitch Affirms 'B' IDR & Revises Outlook to Positive
-------------------------------------------------------------
Fitch Ratings has affirmed its ratings on Rite Aid Corporation,
including its Issuer Default Rating (IDR) at 'B'.  In addition,
Fitch upgraded Rite Aid's guaranteed senior unsecured notes to
'B+/RR3' from 'B/RR4'.  The Rating Outlook has been revised to
Positive from Stable.

KEY RATING DRIVERS

The ratings reflect the improvement in the company's operating
performance, credit metrics and liquidity profile over the past 24
months.  Rite Aid's EBITDA increased to $1.3 billion in fiscal 2014
(year ended February 2014), after surpassing the $1 billion level
for the first time in fiscal 2013.  Fitch expects EBITDA to be
sustainable at $1.3 billion over the intermediate term, enabling
the company to dedicate increased capex towards store remodels and
some store relocation activity, as well devote free cash flow (FCF)
to debt reduction.  Fitch also expects adjusted leverage to trend
towards the mid-5x range over the next 24 months versus 5.9x
currently and 6.6x in fiscal 2013.

While Fitch expects gross margin to decline in the 20 - 30 basis
point range annually due to ongoing pharmacy reimbursement pressure
and put some pressure on the current LTM EBITDA margin of 5.1%,
Fitch expects same store sales to grow at 2%-3% over the next 24
months resulting in relatively flat EBITDA levels.  The same store
sales projection is based on front-end same store sales of 1%,
prescription volume growth of 1.5%-2% and some pharmacy inflation.
Same store sales for the 43-week period ended Dec. 27, 2014
increased 4.3% on front-end same store sales increase of 1% and
prescription volume growth of 3.6%.  A substantial portion the
prescription volume growth has come from Medicaid coverage
expansion under the Affordable Care Act (ACA) and there could be
some incremental benefit in fiscal 2016.

Rite Aid's operating metrics still significantly lag those of its
largest and well-capitalized competitors, with average weekly
prescriptions per store of approximately 1,260 and an EBITDA margin
of 5.1%, versus Walgreen Co.'s' EBITDA margin at 6.7% and CVS
Caremark's retail EBITDA margin at 11.8% (pre-corporate overhead
costs).  However, the Wellness+ loyalty card program and the
pick-up in remodeling activity over the past three years have
helped the company stabilize its prescription volume and see modest
front-end growth.

Through the end the third quarter, Rite Aid had completed and grand
reopened 1,529 wellness stores (33% of store base).  Front-end
same-store sales in the wellness stores that have been remodeled in
the past 24 months were approximately 321 basis points higher than
its non-wellness stores, and script growth was 278 basis points
higher.  Fitch expects Rite Aid to remodel 400-500 stores or 10% of
its store base annually over the next two to three years, which is
expected to have a modest positive impact on overall sales and
profitability.  Fitch expects Rite Aid's market share to remain
relatively stable over the intermediate term although its position
could weaken over time relative to its two larger peers given their
ability to leverage their significant scale and partnerships in the
complex and evolving healthcare landscape.

Rite Aid has pushed out major debt maturities to 2020 (with the
exception of $64 million 8.5% convertible notes due in May 2015)
and reduced its cash interest by over a $100 million to $375
million in fiscal 2015, through a series of refinancings and net
debt reduction of approximately $550 million between fiscal 2012
and fiscal 2014.

Rite Aid recently paid down $270 million of 10.25% second lien
notes due October 2019.  In addition, the company has amended and
extended its existing $1,795 million senior secured credit
facility, to include an increased borrowing capacity of up to $3.0
billion, or up to $3.7 billion when the company repays its 8.00%
Senior Secured Notes due 2020 in full (whether at maturity or
pursuant to an early redemption) and an extension of the maturity
to January 2020.  The company expects, at current rates, to save
approximately $20.0 million in annual interest expense, based on a
$3.0 billion facility, and approximately $50.0 million in annual
interest expense, based on a $3.7 billion facility and the
redemption of its 8.00% Senior Secured Notes due in 2020.  The
company used borrowings under its amended and extended senior
secured credit facility to repay and retire all of the $1.147
billion outstanding under its Tranche 7 Senior Secured Term Loan
due 2020.

Rite Aid has maintained liquidity in the $950 million -- $1.3
billion range for the past three years and Fitch expects FCF - net
of capex of approximately $525 million and $70 million related to
the acquisition of Health Dialog and RediClinic - to be around $350
million in fiscal 2015.  This reflects a $250 million working
capital benefit from its supply agreement with McKesson and in part
due to lower interest expense as a result of the company's
refinancing activities.  Fitch expects FCF to be in the $300
million range in fiscal 2016 and $200 million thereafter which
should support further debt reduction and reduce leverage to the
mid-5x range over the next 24 months from 5.9x currently.

RECOVERY CONSIDERATIONS

The issue ratings shown are derived from the IDR and the relevant
Recovery Rating.  Fitch's recovery analysis assumes a liquidation
value under a distressed scenario of approximately $5.7 billion on
inventory, receivables, prescription files and owned real estate.

The $3.0 billion revolving credit facility due January 2020 (or up
to $3.7 billion when the company repays its 8.00% Senior Secured
Notes due 2020 in full) and the $650 million senior secured notes
due August 2020 have a first lien on the company's cash, accounts
receivable, investment property, inventory, and script lists, and
are guaranteed by Rite Aid's subsidiaries.  This gives them
outstanding recovery prospects (91%-100%) that support their
'BB/RR1' rating.  The senior secured credit facility requires the
company to maintain a minimum fixed charge coverage ratio of 1.0x
only if availability on the revolving credit facility is less than
$175 million at any time.

The $970 million in Tranche 1 and Tranche 2 term loans have a
second lien on the same collateral as the revolver and term loans
and are guaranteed by Rite Aid's subsidiaries.  These are also
expected to have outstanding recovery prospects and are rated
'BB/RR1'.  With the paydown of $270 million of 10.25% second lien
notes due October 2019, the recovery on the guaranteed unsecured
notes has improved and they are expected to have good recovery
prospects (51%-70%).  Therefore, Fitch is upgrading the ratings on
the $1.7 billion guaranteed unsecured notes to 'B+/RR3' from
'B/RR4'.  The unsecured non-guaranteed notes are assumed to have
poor recovery prospects (0%-10%) in a distressed scenario.

RATING SENSITIVITIES

Positive Rating Action: A positive rating action could result if
Rite Aid sustains positive comparable store sales and EBITDA in the
$1.3 billion range or better, enabling to company to further reduce
debt and adjusted debt/EBITDAR towards the mid-5.0x range over the
next 24 months.

Negative Rating Action: A negative rating action could result from
deteriorating sales and profitability trends that take EBITDA below
$1 billion (as seen in fiscal 2010 through fiscal 2012) and
leverage returns to over 7.0x.

Fitch has affirmed these ratings for Rite Aid:

   -- Long term IDR at 'B';
   -- Secured revolving credit facility at 'BB/RR1';
   -- First and second lien senior secured notes at 'BB/RR1';
   -- Non-guaranteed senior unsecured notes at 'CCC+/RR6'

Fitch has upgraded this rating for Rite Aid:

   -- Guaranteed senior unsecured notes to 'B+/RR3' from 'B/RR4'.

The Rating Outlook has been revised to Positive from Stable.



RITE AID: S&P Rates $3 Billion ABL Credit Facility Due 2020 'BB-'
-----------------------------------------------------------------
Standard & Poor’s Ratings Services said that it assigned its
'BB-' issue-level rating with a '1' recovery rating to Rite Aid
Corp.'s $3.0 billion asset-based lending (ABL) revolving credit
facility due in 2020.  The '1' recovery rating reflects S&P's
expectations for very high (90%-100%) recovery in the event of
default.

The company used the proceeds to retire its $1.147 billion tranche
7 term loan due 2020.  The company may upsize the revolver to $3.7
billion later this year and use the incremental proceeds to redeem
its 8.0% senior secured first-lien notes due 2020 when they become
callable in August 2015.

The transaction, which is essentially leverage neutral, will allow
the company to save moderately on interest expense.  S&P assess the
company’s financial risk profile as "highly leveraged" and
calculate total debt to EBITDA ratio of 5.0x at Nov. 29, 2014
quarter end.

RATINGS LIST

Rite Aid Corp.
Senior Secured
  US$3.0 bil bank ln due 2020      
   Local Currency               BB-      
   Recovery Rating              1



ROBERT COLEMAN: Asks 7th Cir. to Stay Rulings
---------------------------------------------
Husband and wife Robert Coleman and Chizuco Coleman elevated to the
U.S. Court of Appeals for the Seventh Circuit their appeal from a
U.S. Bankruptcy Court order that dismissed their Chapter 11 case.

The Colemans filed voluntary Chapter 11 bankruptcy petitions in the
U.S. Bankruptcy Court for the Western District of Wisconsin.  On
Dec. 15, 2014, the bankruptcy court dismissed the Colemans'
petitions, apparently because they had been filed in the wrong
district.  

The Colemans appealed the dismissals to the District court, which
upheld the ruling.

The Colemans moved the bankruptcy court to stay its orders of
dismissal pending resolution of their appeals because they were
concerned that their creditors would begin collection efforts now
that their petitions had been dismissed. The bankruptcy court
denied the Colemans' motions on December 22, 2014.

The next day, the Colemans turned to the District court for a stay
of the bankruptcy court's orders dismissing their petitions. The
Colemans asked the court to consider their motions on an emergency
basis so that they can forestall collection activities that may
otherwise begin starting December 29.

The District court denied the Colemans' Stay motions, saying the
Colemans' sparse filings have not provided the Court with
information sufficient to conclude that a stay would be
appropriate.

The cases before the District Court are, ROBERT COLEMAN,
Plaintiff-Appellant, v. U.S. TRUSTEE'S OFFICE, SPENTA ENTERPRISES,
INC., and HOSHANGE R. KARANI, Defendants-Appellees. CHIZUCO
COLEMAN, Plaintiff-Appellant, v. U.S. TRUSTEE'S OFFICE, SPENTA
ENTERPRISES, INC., and HOSHANGE R. KARANI, Defendants-Appellees,
Nos. 14-CV-879-JDJP, 14-CV-880-JDJP (W.D. Wis.).  A copy of
District Judge James D. Peterson's Dec. 29, 2014 Order is available
at http://is.gd/vnJe0nfrom Leagle.com.


ROSETTA GENOMICS: Issues Letter to Shareholders
-----------------------------------------------
Rosetta Genomics Ltd. posted the following letter to shareholders
from President and Chief Executive Officer Kenneth A. Berlin to the
Investors section of the Company's Web site at
http://www.rosettagenomics.com/

Dear Fellow Shareholders:

As we begin the New Year, I would like to express my appreciation
to all our shareholders for the trust and support you have given
Rosetta Genomics as we continue to build upon our microRNA platform
technology to strengthen our leading position in the growing field
of molecular diagnostics and genomics.

Throughout 2014 we made significant progress advancing our three
key areas for growth: current product sales, new product
development and third-party collaborations.

We are particularly pleased with the progress we have made in
growing current product sales.  Last year we strengthened our
commercial leadership team with the addition of key hires to drive
demand and secure reimbursement, with considerable success in both
areas.  We expect revenue for the second half of 2014 to be
approximately 40% higher compared with the first half of 2014, and
to be more than three times the revenue we recorded in the second
half of 2013.  While we are still in the early stages of our full
commercialization efforts and these increases are off a modest
base, the growth and trends demonstrate that our strategy and
marketing programs are bearing fruit as we continue to progress our
microRNA-based solutions for oncology.

In addition to our current commercial products, we expanded our
product portfolio with the recent collaboration with Admera Health
for the commercialization of current and future sequencing-based
oncology tests.  We entered 2015 with the launch of the first of
these products and are now offering PGxOne, a pharmacogenomics test
that predicts a patient's response to drugs based on personal
genetic makeup to avoid adverse effects; and EGFR and KRAS clinical
sequencing, which provides genomic analysis of those tumor-based
mutations from patient tissue to provide clinically relevant
information relating to potential response to therapy, which is
helpful for physicians, pathologists and researchers. These new
products are synergistic with our current suite of oncology testing
services, expand our call point to hospital-based pharmacies and
should begin to contribute to our growing revenue stream in the
first half of 2015.

We continue to expand our pipeline of novel microRNA-based
solutions with the addition of new indications for diagnostic
issues in the areas of thyroid and bladder cancer, as well as the
most recent addition to our pipeline, endometrial cancer.

The first of these is our product line in the area of thyroid
cancer.  The first indication we are pursuing in this area is for
the differential diagnosis of indeterminate Fine Needle Aspirates
(FNAs) from thyroid nodules, which can reduce unnecessary surgeries
and their associated costs and complications.  We are pleased to
report we are on track to launch this assay by the end of the third
quarter of this year.  We anticipate that this assay will be
competitive with current alternatives.  We believe our specimen
collection process will be a competitive differentiator, as it is
expected to utilize the actual smear used by the cytologist as
opposed to taking additional FNAs and preserving them in
specialized tubes. That latter approach is required by some
currently marketed thyroid tests, which were expected to generate
sales of $45-$50 million in 2014.  Importantly, we will soon begin
validation studies and are on track to launch our microRNA-based
thyroid neoplasia assay in the third quarter of 2015.  We believe
this will be an important product for our portfolio as earlier
competitors have already established the market, and since up to
30% of FNAs yield indeterminate results. The resulting U.S.
opportunity alone exceeds $350 million.

We continue to work to advance our bladder cancer assay for the
risk stratification of Non-muscle-invasive bladder cancer (NMIBC)
patients.  Risk stratification in NMIBC is necessary to identify
patients at high risk for progression to invasive bladder cancer so
that life-saving interventions can be implemented, and to classify
low-risk patients in order to avoid invasive and unnecessary
procedures and follow-ups.  This is particularly important, as
70%-80% of bladder cancers are considered to be of the NMIBC type.
We have two foundational studies already completed and published
that demonstrate the role of microRNAs for risk stratification in
bladder cancer.  We plan to initiate an additional study this year
and expect to launch this new assay by the end of 2016.

We are also working to develop the newest addition to our product
portfolio, an assay for the preoperative risk stratification of
endometrial cancer patients.  Nearly 53,000 cases of endometrial
cancer were diagnosed in 2014.  Better preoperative risk assessment
is needed for improved planning of the surgical procedure and, more
specifically, for identifying patients who may benefit from lymph
node dissection and low risk patients for whom lymphadenectomy
could be omitted, thereby averting unnecessary morbidity.  We will
undertake proof-of-concept studies in 2015 and expect to advance
this potentially high-value diagnostic assay thereafter.

In 2014, we were particularly successful in securing and advancing
third-party collaborations as we build on efforts to further
monetize our leading microRNA biomarker platforms.  We opened 2014
with the announcement of a master service provider agreement with
an undisclosed major global biopharmaceutical company.  Here, we
are using our cutting-edge microRNA expertise and capabilities to
assist one of the world's leading biopharmaceutical companies to
advance their research and development efforts in an important,
novel therapeutic approach in an area of unmet medical need.  We
have completed the feasibility phase of this agreement and moved to
the next stage of this collaboration, which recently began to
generate revenues.

In April 2014 we established a strategic alliance with Marina
Biotech, a leading nucleic acid-based drug discovery and
development company focused on rare diseases, to jointly identify
and develop microRNA-based products designed to diagnose and treat
various neuromuscular diseases and dystrophies.  We recently
reported initiation of the first of these projects, which is a
clinical study conducted by Rosetta Genomics to identify novel
microRNA candidates for the treatment of Duchenne Muscular
Dystrophy.  We are very excited about the potential of this project
to identify specific microRNA signatures to identify therapeutic
candidates for Marina Biotech to develop as potential new treatment
options for this disease, which typically afflicts young boys.

Finally, we entered into a three-year alliance with Moffitt Cancer
Center, a National Cancer Institute-designated Comprehensive Cancer
Center, to discover, develop and commercialize a variety of
microRNA-based cancer diagnostics and to stimulate new projects and
collaborations for the development of diagnostics in areas of unmet
medical need.  Rosetta will provide funding for Moffitt
investigator-initiated projects that align with Rosetta’s
strategic priorities.

We continue to pursue additional strategic partnerships that will
allow us to leverage our cutting-edge microRNA platforms and
capabilities, and expect that over time these will be significant
drivers of value.  In addition, we continue to evaluate the
acquisition or licensure of other diagnostic and sequencing
products in order to leverage the investments we are making in our
commercial infrastructure and to accelerate revenue growth.  The
collaboration with Admera is one such example.

We remain vigilant in continuing to build and strengthen our
intellectual property, and are pleased to have added three U.S.
patents to our growing portfolio during 2014.  As a result we now
have 39 issued patents, including 35 in the U.S.  In addition we
have 49 patent applications pending, of which 28 are in the U.S.
These issued patents and applications protect the specific
microRNAs used in our products and cover composition of matter,
diagnostic applications, therapeutic applications and discovery
process applications for microRNAs in humans.  This leading patent
position provides access to hundreds of potential microRNA
biomarkers and offers the potential for multiple opportunities for
research, development and commercial partnerships.  We remain a
leading pioneer of microRNA technology and our broad and expanding
patent portfolio will continue to fortify our leadership position
as the vast potential of microRNA technologies is realized.

We are very pleased with the progress we have made and expect 2015
to be an exciting year of growth and accomplishments as we advance
our strategic plan in pursuit of our mission to be the pioneering
force in microRNA-based personalized medicine to the benefit of
patients worldwide.

On behalf of my colleagues and our Board of Directors, thank you
for your continued support of Rosetta Genomics.


Sincerely,

Kenneth A. Berlin

President and Chief Executive Officer

Rosetta Genomics Contact:   
Ken Berlin, President & CEO   
(609) 419-9003   
investors@rosettagenomics.com   
    
Rosetta Genomics Investor Contacts:   
LHA   
Anne Marie Fields   
(212) 838-3777   
afields@lhai.com   
or   
Bruce Voss   
(310) 691-7100   
bvoss@lhai.com   

                           About Rosetta

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics incurred a net comprehensive loss after
discontinued operations of $12.9 million on $405,000 of revenues
for the year ended Dec. 31, 2013, as compared with a net
comprehensive loss after discontinued operations of $10.5 million
on $201,000 of revenues in 2012.

Rosetta Genomics Ltd. reported a net loss after discontinued
operations of $7.18 million on $554,000 of revenues for the six
months ended June 30, 2014, compared to a net loss after
discontinued operations of $6.29 million on $193,000 of revenues
for the same period a year ago.

The Company's balance sheet at June 30, 2014, showed $21.7
million in total assets, $1.79 million in total liabilities and
$19.9 million in total shareholders' equity.

                         Bankruptcy Warning

"We will require substantial additional funding and expect to
augment our cash balance through financing transactions, including
the issuance of debt or equity securities and further strategic
collaborations.  On December 7, 2012, we filed a shelf
registration statement on Form F-3 with the SEC for the issuance
of ordinary shares, various series of debt securities and/or
warrants to purchase any of such securities, either individually
or in units, with a total value of up to $75 million, from time to
time at prices and on terms to be determined at the time of such
offerings.  The filing was declared effective on December 19,
2012.  As of the time of the filing of this Annual Report on Form
20-F, we had sold through the Cantor Sales Agreement an aggregate
of 1,559,537 of our ordinary shares for gross proceeds of $5.9
million under this shelf registration statement, leaving an
aggregate of approximately $69.1 million of securities available
for sale.  If we need additional funding, there can be no
assurance that we will be able to obtain adequate levels of
additional funding on favorable terms, if at all.  If adequate
funds are needed and not available, we may be required to:

   * delay, reduce the scope of or eliminate certain research and
     development programs;

   * obtain funds through arrangements with collaborators or
     others on terms unfavorable to us or that may require us to
     relinquish rights to certain technologies or products that we
     might otherwise seek to develop or commercialize
     independently;

   * monetize certain of our assets;

   * pursue merger or acquisition strategies; or

   * seek protection under the bankruptcy laws of Israel and the
     United States," the Company stated in the 2013 Annual Report.


SABRA HEALTH: S&P Raises CCR to 'BB-'; Outlook Stable
-----------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Sabra Health Care REIT Inc. to 'BB-' from 'B+'.  The
outlook is stable.

At the same time, S&P raised its issue-level rating on the senior
unsecured notes issued by Sabra's wholly owned subsidiaries, Sabra
Health Care L.P. and Sabra Capital Corp, to 'BB' from 'BB-'.  S&P's
recovery rating on this debt remains '2', indicating its
expectation for a substantial (70% to 90%) recovery in the event of
payment default.  S&P also raised its issue-level rating on the
company's revolving credit facility to 'BB' from 'BB-' and the
issue-level rating on the company's preferred stock to 'B-' from
'CCC+'.

"Our 'BB-' corporate credit rating on Sabra reflects our view that
the company's business risk profile is "weak" and its financial
risk profile is "significant". Our business risk assessment
reflects Sabra's smaller size (undepreciated real estate
investments of approximately $1.7 billion), concentrated tenant
base (top two tenants contribute nearly 54% of revenues), and
improving but continued heavy reliance on skilled
nursing/post-acute facilities (SNFs), which contribute
approximately 54% of Sabra's revenue," said credit analyst Michael
Souers.  "We note that this asset concentration remains dependent
on potentially volatile government reimbursement programs such as
Medicare and Medicaid. In late July, the Centers for Medicare &
Medicaid Services (CMS) finalized their 2015 payment and policy
changes, with skilled nursing facilities set to receive a $750
million (2.0%) increase in Medicare payments."

The outlook is stable.  S&P expects relatively steady tenant-level
rent coverage and negligible lease expirations to support Sabra's
near-term core cash flow and credit metrics.  S&P also believes
that profitable, leverage-neutral investments will continue to
gradually strengthen Sabra's scale and portfolio diversification.

Downside scenario

S&P sees limited downside for the ratings at this time, given its
expectation for steady core cash flow and improving credit metrics.
However, S&P could consider lowering the ratings if leverage rises
significantly above its current level, pressuring FCC below 1.8x,
or if the cushion on Sabra's debt covenants narrows modestly.  This
could be a result of debt-financed expansion or the restructuring
of leases for tenants that can't mitigate rising expenses or
potential reimbursement cuts.

Upside scenario

Sabra's relatively small capital structure and still-significant
portfolio concentration constrains upward ratings momentum.  Longer
term, S&P would consider raising the ratings by one notch if Sabra
maintains a steady investment and funding strategy that preserves
its credit metrics while continuing to gradually strengthen its
scale and portfolio diversification.



SCRAP SOLUTIONS: Case Summary & 9 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Scrap Solutions, LLC
        11803 Seven Hills Drive
        Florissant, MO 63033

Case No.: 15-40193

Chapter 11 Petition Date: January 13, 2015

Court: United States Bankruptcy Court
       Eastern District of Missouri (St. Louis)

Judge: Hon. Charles E. Rendlen III

Debtor's Counsel: Rochelle D. Stanton, Esq.
                  ROCHELLE D. STANTON
                  745 Old Frontenac Square, Suite 202
                  Frontenac, MO 63131
                  Tel: (314) 991-1559
                  Email: rstanton@rochelledstanton.com

Total Assets: $1.16 million

Total Liabilities: $1.58 million

The petition was signed by Paul Thornton, principal.

A list of the Debtor's nine largest unsecured creditors is
available for free at http://bankrupt.com/misc/moeb15-40193.pdf


SEQUENOM INC: To Present at JP Morgan Conference Today
------------------------------------------------------
William Welch, Sequenom, Inc.'s chief executive officer, will
present at the JP Morgan 33rd Annual Healthcare Conference in San
Francisco, CA, starting at 8:00 am Pacific time on Jan. 15, 2015,
to provide an overview of and update on the Company.  The
presentation is expected to last approximately 30 minutes and will
be webcast live through the "Invest" section of the Company's
website at www.sequenom.com.  An audio replay will be available for
30 days following the initial presentation webcast.  

The Company disclosed it intends to launch three new
laboratory-developed tests and provide early access program for
Liquid Biopsy RUO.

The presentation, currently posted on the Company's Web site, is
available for free at http://is.gd/747vmz

                          About Sequenom

Sequenom, Inc. (NASDAQ: SQNM) -- http://www.sequenom.com/-- is a
life sciences company committed to improving healthcare through
revolutionary genetic analysis solutions.  Sequenom develops
innovative technology, products and diagnostic tests that target
and serve discovery and clinical research, and molecular
diagnostics markets.  The company was founded in 1994 and is
headquartered in San Diego, California.

Sequenom incurred a net loss of $107.4 million in 2013, a net
loss of $117 million in 2012 and a net loss of $74.1 million in
2011.

The Company's balance sheet at Sept. 30, 2014, showed $135
million in total assets, $186 million in total liabilities, and
a $51.9 million total stockholders' deficit.


SIGA TECHNOLOGIES: Exclusive Plan Filing Date Extension Sought
--------------------------------------------------------------
BankruptcyData reported that SIGA Technologies asked the U.S.
Bankruptcy Court to extend the exclusive period during which the
Company can file a Chapter 11 plan through and including July 14,
2014, and the exclusive period during which it can solicit
acceptances of the plan through and including Sept. 16, 2015.

According to BData, the motion explains, "To terminate the
Exclusive Periods in this chapter 11 case prior to the resolution
of the PharmAthene Litigation, whether by appeal or otherwise, and
before meaningful plan negotiations reasonably can begin, would be
antithetical to the very purpose of section 1121 of the Bankruptcy
Code....In view of the significance of the PharmAthene Litigation
to the plan formulation process and to the Debtor's ongoing
business enterprise, the proposal of a plan at this stage of the
case and under these circumstances simply is premature. Based on
the critical nature of the PharmAthene Litigation to the Debtor's
reorganization, the viability of the Debtor's business, and the
formulation of any rational plan, it is patently obvious that this
chapter 11 case is still in its early stages and not enough time
has elapsed for the Debtor to have a meaningful opportunity to
negotiate and formulate a plan. Indeed, the failure to grant the
requested extensions of the Exclusive Periods would defeat the very
purpose of section 1121 of the Bankruptcy Code - to afford the
Debtor a meaningful opportunity to negotiate with its stakeholders
and propose a confirmable chapter 11 plan....Keeping those
contracts in place as well as maintaining the Debtor's ongoing
relationship with BARDA is absolutely critical to the success of
this case and preserving and enhancing value for all interested
parties." The Court scheduled a January 13, 2015 hearing to
consider the extension motion, with objections due by January 6,
2015.

                  About SIGA Technologies, Inc.

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 disclosed total assets of $132 million and $7.95 million
in liabilities as of the Chapter 11 filing.


SOLAR TRUST: No Quick Ruling on German Law Firm's Fee Claim
-----------------------------------------------------------
Bankruptcy Judge Kevin Gross denied the motion for summary judgment
filed by Krammer Jahn Rechtsanwalte PartG mbB, a German law firm,
related to its unsecured claim for attorneys' fees in the Chapter
11 case of Solar Trust of America, LLC.

Prior to the STA bankruptcy filing, former Solar Millennium CEO,
Utz Claassen, sued STA and others in an action in the district
court in Hannover, Germany.  Claassen sought a declaratory judgment
that there was no basis for a defamation action by STA and others
against him and that the most that STA and others could recover
from him was EUR25,000.  Krammer Jahn represented STA and
successfully defended against the Claassen Suit in the German Lower
Court.  

In the engagement letter, STA and Krammer Jahn agreed that German
law would govern the attorney client relationship.  The Debtors
paid Krammer Jahn EUR30,262 for services rendered in the Claassen
Suit.

Claassen then appealed the German Lower Court's dismissal to the
Oberlandesgericht Celle, Germany, on January 18, 2012.  Prior to
the German Appellate Court issuing its decision, STA filed its
bankruptcy case on April 2, 2012.

On July 5, 2012 the German Appellate Court issued its decision
dismissing Claassen's claim and additionally determining that the
amount in controversy, which under German law is the basis for the
fee award to Krammer Jahn, was much higher than the German Court's
determination. On July 12, 2012 the German Appellate Court entered
the German Appellate Court Opinion valuing the matter in dispute in
the Claassen Suit at EUR30,000,000. The German Court had valued the
Claassen Suit at EUR25,000.

On August 8, 2012 Krammer Jahn filed a general unsecured proof of
claim in the Chapter 11 proceeding in the amount of EUR228,760,
less EUR30,262 in payments STA previously paid to the firm.  After
deducting the amounts already paid to it by the Debtors, Krammer
Jahn calculates it is owed EUR194,498 or $264,319.94 (using a
conversion rate of $1.3316 per Euro which was the prevailing
conversion rate on the Petition Date) for legal fees.

Krammer Jahn explains that it calculated its attorneys' fees based
on an application of German statutory fee scales to the amount in
controversy in the Claassen Suit, in accordance with the German
Lawyer's Fees Act (Rechtsanwaltsvergütungsgesetz or "RVG") and
German Federal Regulations for Lawyers (Bundesrechtsanwaltsordnung
or "BRAO").

Judge Gross said the German Appellate Court Opinion on which the
fees are calculated is void as the decision violated the automatic
stay. Krammer Jahn is not entitled to judgment as a matter of law
and a factual issue about the reasonable amount of attorneys' fees
that form the basis of the Krammer Jahn Claim remains.

The Court directed the parties to schedule an evidentiary hearing
to enable the Court to determine the reasonable fees to which
Krammer Jahn is entitled.

A copy of Judge Gross's January 12, 2015 Memorandum Opinion is
available at http://is.gd/OasCwDfrom Leagle.com.

                      About Solar Millennium

Solar Trust of America LLC, Solar Millennium Inc., and nine
affiliates filed for Chapter 11 protection (Bankr. D. Del. Lead
Case No. 12-11136) on April 2, 2012.

Solar Trust was a joint venture created by Solar Millennium AG and
Ferrostaal AG to develop solar projects at locations in
California and Nevada.  Located in the "Solar Sun Belt" of the
American Southwest, the project sites have extremely high solar
radiation levels, and allow the Debtors' projects to harness high
levels of solar power generation.  Projects include the rights to
develop one of the world's largest permitted solar plant
facilities with capacity of 1,000 MW in Blythe, California.  Two
other projects contemplated 500 MW solar power facilities in
Desert Center, California and Amargosa Valley, Nevada.

Although the Debtors have obtained highly valuable transmission
right and permits, each project is only in the developmental
phase and does not generate revenue for the Debtors.  Ferrostaal
ceased providing funding two years ago and SMAG, due to its own
deteriorating financial condition, stopped providing funding
after December 2011.

When the Debtor filed for bankruptcy, NextEra Energy Resources LLC
committed to provide a postpetition secured credit facility and
expressed an interest in serving as stalking horse purchaser for
certain of the Debtors' assets.

Justin H. Rucki, Esq. at Young Conaway Stargatt & Taylor, LLP,
served as counsel to the Debtors.  K&L Gates LLP served as special
corporate counsel.

Ridgecrest Solar Power Project, LLC, and two entities filed for
Chapter 11 protection (Bankr. D. Del. Case Nos. 12-11204 to 12-
11206) on April 10, 2012.  Ridgecrest Solar, et al., are
affiliates of Solar Trust of America LLC. STA Development, LLC,
one of the debtors that filed for bankruptcy April 2, owns 100% of
the interests in Ridgecrest, et al.

Ridgecrest Solar Power estimated up to US$50,000 in assets and
debts.  Ridgecrest Solar I, LLC, estimated up to US$50,000 in
assets and up to US$10 million in liabilities.

In July 2012, NextEra Energy Inc. received formal authority to
buy the unfinished 1,000-megawatt facility in Blythe, California,
owned by Solar Millennium Inc.  NextEra paid US$10 million in cash
plus as much as $40 million when the project is finished.

The Delaware Bankruptcy Court also approved the sale of the 500-
megawatt project under development in Desert Center, California,
to BrightSource Energy Inc. for a price that could reach about
US$30 million.


STELLAR BIOTECHNOLOGIES: Copy of Presentation to Investors
----------------------------------------------------------
Representatives of Stellar Biotechnologies, Inc., conducted
meetings with investors beginning Jan. 12, 2015, and will also be
presenting at the 7th Annual Biotech ShowcaseTM conference in San
Francisco, according to a regulatory filing with the U.S.
Securities and Exchange Commission.  

The presentation discusses about, among other things, the Company's
products, new supply agreements with Araclon Biotech SL and
Biovest, Inc., key strategic corporate partner and long-term
customer targets.

As of Jan. 9, 2015, Stellar had $13.9 million in cash, equivalents,
short term investments and $7.7 million in shareholders' equity.
There were 79.55 million of shares outstanding at Jan. 9, 2015.

A copy of the corporate presentation is available at:

                         http://is.gd/luOg1m

                            About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

Stellar Biotechnologies reported a net loss of $8.43 million on
$372,132 of total revenues for the year ended Aug. 31, 2014,
compared to a net loss of $14.49 million on $545,469 of total
revenues for the year ended Aug. 31, 2013.  The Company also
reportd a net loss of $5.52 million for the year ended Aug. 31,
2012.

As of Aug. 31, 2014, the Company had $14.47 million in total
assets, $6.77 million in total liabilities and $7.70 million in
total shareholders' equity.


SUNCOKE ENERGY: S&P Retains 'BB-' CCR Over $200 Million Add-On
--------------------------------------------------------------
Standard & Poor's Ratings Services said that its ratings and
outlook on U.S.-based high-grade metallurgical coke producer
SunCoke Energy Partners L.P. are unaffected by the company's
proposed $200 million add-on to its $400 million 7.375% senior
unsecured notes due 2020.  The issue-level rating on the notes
remains 'BB-'.  S&P's '4' recovery rating on the notes indicates
average (30% to 50%) recovery in the event a payment default.

S&P expects the company will use the proceeds from the add-on to
fund the acquisition of a 75% equity interest in Gateway Energy &
Coke Co. LLC.  The $245 million purchase from the general partner,
SunCoke Energy Inc. (SXC), includes repayment of $135 million of
SXC's senior unsecured notes due 2019 and prefunding associated
environmental liabilities.

S&P's 'BB-' corporate credit rating and stable rating outlook on
SunCoke Energy Partners L.P. remain unchanged.  The company is the
largest independent producer of high-grade metallurgical coke in
North America.  S&P assess its business risk profile as "weak" and
financial risk profile as "significant."  The stable outlook
reflects S&P's view that the company will fund future asset
dropdowns in a balanced manner, resulting in leverage between 3x to
4x on a pro forma basis.

Rating List

Ratings Unchanged

SunCoke Energy Partners L.P.
Corporate Credit Rating                            BB-/Stable/--
  $600 mil 7.375% sr unsecd notes due 2020*         BB-
   Recovery Rating                                  4

* Includes $200 million add-on



SYNARC-BIOCORE HOLDINGS: Moody's Cuts Corp. Family Rating to 'B3'
-----------------------------------------------------------------
Moody's Investors Service downgraded the ratings of Synarc-BioCore
Holdings, LLC, (dba "BioClinica") including the Corporate Family
Rating to B3 from B2 and the Probability of Default Rating to B3-PD
from B2-PD. Moody's also downgraded the ratings of the first and
second lien credit facilities to B2 and Caa2, respectively. The
rating outlook is stable.

The company was formed in early 2014 by the merger of BioClinica,
Inc. and CCBR-SYNARC. The downgrade of the ratings reflects revenue
and EBITDA post-closing that is meaningfully below Moody's
expectations. The weak financial performance has resulted in
adjusted debt to EBITDA that no longer supports the B2 rating.

Ratings Downgraded:

Corporate Family Rating, to B3 from B2

Probability of Default Rating, to B3-PD from B2-PD

$40 million revolving credit facility, to B2 (LGD3) from B1 (LGD3)

$235 million first lien term loan, to B2 (LGD3) from B1 (LGD3)

$100 million second lien term loan, to Caa2 (LGD5) from Caa1
(LGD5)

The outlook is stable.

Ratings Rationale

The B3 rating is constrained by BioClinica's small absolute size
and its significant revenue and backlog concentration by customer
and therapeutic area. The B3 also reflects the very high financial
leverage and weak financial performance since the merger with
CCBR-SYNARC. While Moody's expects improvement in EBITDA in 2015 as
synergies are realized, adjusted debt to EBITDA will likely remain
well above 6.0x over the next 12-18 months.

The ratings are supported by the company's leadership position in
the specialized niche of outsourced imaging services for clinical
trials. Moody's views this as a defensible business that lends
itself well to the outsourced model and is unlikely to face
significant new competition given the investment required and
relatively small market opportunity. The ratings are also supported
by Moody's expectation of adequate liquidity and modestly positive
free cash flow in 2015, even after significant growth capital
expenditures (largely related to capitalized software costs
associated with the eClinical business).

Moody's could upgrade the ratings if BioClinica gains increased
diversity by customer and improves revenue and EBITDA performance
such that adjusted leverage is expected to be sustained below
6.0x.

Moody's could downgrade the ratings if BioClinica experiences
significant contract cancellations or other business headwinds, or
fails to achieve assumed synergies, such that adjusted leverage
fails to decline below 7.5x or if there is any material weakening
of liquidity.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014. Other
methodologies used include Loss Given Default for Speculative-Grade
Non-Financial Companies in the U.S., Canada and EMEA published in
June 2009.

Synarc-BioCore Holdings, LLC is a leading provider of specialized
services to the pharmaceutical industry with a focus on clinical
imaging. The company is owned by private equity firms JLL Partners
and Water Street Healthcare Partners. The company generates service
revenue of less than $250 million annually.



TARGETED MEDICAL: Board Fires Chief Executive Officer
-----------------------------------------------------
Targeted Medical Pharma, Inc.'s Board of Directors voted to
terminate Dr. William Shell's employment with the Company as chief
executive officer and chief scientific officer and remove him as
Chairman of the Board, according to a regulatory filing with the
U.S. Securities and Exchange Commission.  The employment agreement
dated June 1, 2010, between Dr. Shell and the Company, as amended,
expired on Dec. 31, 2014.

Dr. Shell remains a member of the Company's Board.  Dr. Shell's
departure was not as a result of any disagreement with the Company
on any matter relating to the Company's operations, policies or
practices.

In connection with the termination of Dr. Shell's employment and
his removal as Chairman of the Board, the Board appointed Kerry N.
Weems as Chairman of the Board.  Kim Giffoni, the Company's former
executive vice president of Foreign Sales and Investor Relations
and a current director was appointed as the Company's interim chief
executive officer.  Further, Dr. David S. Silver, the Company's
former president and chief operating officer and a current director
was appointed as the Company's chief medical officer.

                       About Targeted Medical

Los Angeles, Calif.-based Targeted Medical Pharma, Inc., is a
specialty pharmaceutical company that develops and commercializes
nutrient- and pharmaceutical-based therapeutic systems.

Targeted Medical reported a net loss of $9.33 million on
$9.55 million of total revenue for the year ended Dec. 31, 2013,
as compared with a net loss of $9.58 million on $7.29 million of
total revenue in 2012.

Marcum LLP, in Irvine, CA, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2013.  The independent auditors noted that the Company
has incurred significant net losses since its inception, and has
an accumulated deficit of $23.0 million as of Dec. 31, 2013, and
incurred a net loss of $9.34 million and negative cash flows from
operations of $2.047 million for the year ended Dec. 31, 2013.

The Company's balance sheet at Sept. 30, 2014, showed $3.22 million
in total assets, $11.9 million in total liabilities, and a $8.70
million stockholders' deficit.


TENET HEALTHCARE: Releases 2015 Business Outlook
------------------------------------------------
Tenet Healthcare Corporation expects its Adjusted EBITDA for 2015
to be in a range of $2.05 billion to $2.15 billion.  The Company
expects its Adjusted EBITDA to be toward the top of its previously
issued Outlook range of $1.90 billion to $1.95 billion for 2014.

"I am pleased with Tenet's strong volume growth in the fourth
quarter," said Trevor Fetter, president and chief executive
officer.  "We are confident that our strategies will drive
continued growth in our hospitals and outpatient facilities and
that our Conifer subsidiary will become an even better partner for
Tenet and other health systems seeking to improve quality and lower
the total cost of care for patients.  We look forward to building
on the strong performance we achieved throughout 2014."

Preliminary Fourth Quarter 2014 Volume Metrics

In the fourth quarter, Tenet achieved same-hospital adjusted
admissions growth of an estimated 4.8 percent and inpatient
admissions growth of 4.0 percent compared to the fourth quarter of
2013.  Outpatient visits increased by an estimated 9.5 percent. The
Company's robust admissions growth trend included continuing strong
growth in commercial admissions, setting another quarterly
commercial growth record with the largest increase in same-hospital
commercial growth in more than a decade.  Paying admissions
increased by 6.1 percent in the quarter.

Payer mix in the fourth quarter of 2014 also sustained the
strengthening trend established earlier in the year.  In the five
states that expanded Medicaid eligibility under the Affordable Care
Act, Tenet achieved a decline in uninsured plus charity admissions
of 2,547 admissions, or 62.4 percent, and an increase in Medicaid
admissions of 4,355 admissions, or 20.5 percent. Across the entire
company, including those states that did not expand Medicaid,
uninsured plus charity admissions declined by 3,109 admissions, or
21.9 percent, in the fourth quarter, while Medicaid admissions
increased by 4,555 admissions, or 9.0 percent.

Exchange volumes continued to grow with 3,768 exchange admissions
in the fourth quarter, an increase of 373 exchange admissions, or
11.0 percent, as compared to 3,395 same-hospital exchange
admissions in the third quarter of 2014.

California Provider Fee Program

In the fourth quarter of 2014, the Centers for Medicare and
Medicaid Services approved the California Provider Fee program for
the three year period Jan. 1, 2014, through Dec. 31, 2016.  As a
result, the company will recognize approximately $165 million of
total company net revenue from the program in the fourth quarter of
2014 ($150 million of same-hospital revenue) and approximately $170
million in 2015 ($155 million of same-hospital revenue).

2015 Outlook

Based on current market conditions and expectations, for the
calendar year 2015 Tenet anticipates:

   * Adjusted EBITDA of $2.05 billion to $2.15 billion

   * Net revenues of $17.4 billion to $17.7 billion,

   * Adjusted earnings per share of $1.32 to $2.40 per share,

   * Adjusted cash flow from operations of $1.150 billion to
     $1.250 billion,

   * Capital expenditures of $900 million to $1.0 billion,

   * Adjusted free cash flow of $150 million to $350 million.

   * Bad debt ratio of 6.75 to 7.25 percent of revenues,

   * California Provider Fee program net revenues of $170 million,

     and,

   * A $50 million decline in healthcare information technology
     incentives.

This expected performance is based on the following assumptions
(same-hospital):

   * Admissions growth of 1.5 to 2.5 percent,

   * Adjusted admissions growth of 2.5 to 3.5 percent,

   * Exchange volume growth of 60 to 80 percent,

   * Net revenue per adjusted admission growth of 1.0 to 2.0
     percent,

   * Controllable expenses per adjusted admission growth of zero
     to 1.0 percent.

Webcast Presentation and Q&A Session

Tenet management discussed the Company's 2015 Outlook and provided
a general strategic update at the 33rd Annual J.P. Morgan
Healthcare Conference on Jan. 12, 2015.  

                             About Tenet

Tenet Healthcare Corporation is a national, diversified healthcare
services company with more than 105,000 employees united around a
common mission: to help people live happier, healthier lives.  The
Company operates 80 hospitals, more than 210 outpatient centers,
six health plans and Conifer Health Solutions, a leading provider
of healthcare business process services in the areas of revenue
cycle management, value based care and patient communications.  For
more information, please visit www.tenethealth.com.

Tenet reported a net loss attributable to common shareholders of
$134 million compared to net income attributable to common
shareholders of $141 million in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $17.3
billion in total assets, $16.05 billion in total liabilities, $396
million in redeemable noncontrolling interests in equity of
consolidated subsidiaries, and $866 million in total equity.

                             *    *    *

Tenet carries a 'B' IDR from Fitch Ratings, B corporate credit
rating from Standard & Poor's Ratings Services and B1 Corporate
Family Rating from Moody's Investors Service.


THERAPEUTICSMD INC: Files Investor Presentation
-----------------------------------------------
TherapeuticsMD, Inc., furnished with the U.S. Securities and
Exchange Commission an investor presentation which will be used, in
whole or in part, at meetings with investors or analysts from time
to time.

The presentation includes discussion about the Company's mission,
long-term growth opportunity, and overview of the Company's
products.

The Company also disclosed that as of Nov. 4, 2014, it had 156
million of outstanding shares.  As of Sept. 30, 2014, the Company
had $67 million in cash.

A copy of the Presentation is available for free at:

                       http://is.gd/JTpMCz

                       About TherapeuticsMD

Boca Raton, Florida-based TherapeuticsMD, Inc. (OTC QB: TXMD) is a
women's healthcare product company focused on creating and
commercializing products targeted exclusively for women.  The
Company currently manufactures and distributes branded and generic
prescription prenatal vitamins as well as over-the-counter
vitamins and cosmetics.  The Company is currently focused on
conducting the clinical trials necessary for regulatory approval
and commercialization of advanced hormone therapy pharmaceutical
products designed to alleviate the symptoms of and reduce the
health risks resulting from menopause-related hormone
deficiencies.

TherapeuticsMD reported a net loss of $28.4 million in 2013, a
net loss of $35.1 million in 2012, and a net loss of $12.9
million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $74.6 million
in total assets, $11 million in total liabilities, all current, and
$63.6 million in total stockholders' equity.


THORNBURGH RESORT: Claims Against Sterling Invalid, Court Says
--------------------------------------------------------------
Sterling Savings Bank seeks a declaration that any claims
Thornburgh Resort Company, LLC, makes against Sterling are invalid.
Thornburgh, in turn, alleges Sterling breached its fiduciary duty
to a surety, intentionally interfered with Thornburgh's business
expectancy, tortiously breached the duty of good faith and fair
dealing, and is liable under common law indemnity.

In an Opinion and Order dated Jan. 5, 2015, available at
http://is.gd/uiEHRRfrom Leagle.com, District Judge Garr M. King
granted Sterling Savings Bank's Motion for Summary Judgment; denied
Thornburgh Resort's Motion for Partial Summary Judgment; and denied
as moot Thornburgh Resort's Motion to Strike or Dismiss Sterling's
Affirmative Defenses. Judge King said Sterling Savings Bank is
entitled to a judgment declaring Thornburgh's claims invalid and
dismissing Thornburgh's counterclaims with prejudice.

The case is, STERLING SAVINGS BANK, a Washington Chartered
Commercial Bank, Plaintiff, v. THORNBURGH RESORT COMPANY LLC, an
Oregon Limited Liability Company, Defendant, CASE NO.
3:12-CV-00255-KI (D. Ore.).

Based in Bend, Oregon, Thornburgh Resort Company LLC filed for
Chapter 11 bankruptcy protection (Bankr. D. Ore. Case No. 11-
31897) on March 11, 2011.  Judge Trish M. Brown presides over the
case. Gary U. Scharff, Esq., Law Office of Gary Underwood Scharff,
represents the Debtor.  The Debtor estimated assets of between
$1 million and $10 million, and debts of between $10 million and
$50 million.


TLC HEALTH: Mulls Closure of Nursing Home in April 2015
-------------------------------------------------------
Stephen T. Watson at The Buffalo News reports that TLC Health
Network has notified employees and the state Labor Department of
the potential closing of its nursing home in April 2015.  Company
spokesperson Scott Butler said that the possible closing of the
nursing home comes as the network is still trying to emerge from
reorganizational bankruptcy, the report adds.

The Buffalo News states that 70 workers will lose their jobs, but
health system officials say they hope to find a way to avoid
closing the facility.

The Buffalo News, citing 1199SEIU Health Care Workers East, relates
that 13 people work directly in the nursing home, and the remaining
workers who are facing layoffs are in positions at Lake Shore
hospital tied to the unit.  According to the report, union vice
president Todd Hobler said that the Company has shifted the unit
from skilled, long-term care to rehabilitation, and the facility
has fewer patients and more empty beds.

Mr. Butler, according to The Buffalo News, said the Company laid
off last week 14 employees from across the health system.

Nicole Gugino at Observer Today, citing Chief Judge Carl L. Bucki's
Law Clerk Adolph Iannaccone, mentions that the Company reached an
agreement with the creditor's committee to extend until Feb. 2,
2015, the period for the Company to exclusively file a plan for
reorganization, adjourning the Jan. 12, 2015 hearing on the
extension to Feb. 2.

Observer Today relates that the Company's officials are announcing
that John Eichner, CPA, has been appointed as their new Director of
Finance, to manage the overall finances of the health system and
providing oversight of the Finance and Patient Accounts
departments.

                   About TLC Health Network

TLC Health Network filed a Chapter 11 petition (Bankr. W.D.N.Y.
Case No. 13-13294) on Dec. 16, 2013.  The petition was signed by
Timothy Cooper as Chairman of the Board.  The Debtor estimated
assets of at least $10 million and debt of at least $1 million.
Jeffrey A. Dove, Esq., at Menter, Rudin & Trivelpiece, P.C.,
serves as the Debtor's counsel.  Damon & Morey LLP is the Debtor's
special health care law and corporate counsel.  The Bonadio Group
is the Debtor's accountants.  Howard P. Schultz & Associates, LLC
is the Debtor's appraiser.

The case is assigned to the Hon. Carl L. Bucki.

A three-member panel composed of Cannon Design, Chautauqua
Opportunities, Inc., and Jamestown Rehab Services has been
appointed as the official unsecured creditors committee.  Bond,
Schoeneck & King, PLLC is the counsel to the Committee.  The
Committee has tapped NextPoint LLC as financial advisor.

Gleichenhaus, Marchese & Weishaar, PC is the general counsel for
Linda Scharf, the Patient Care Ombudsman of TLC Health.


TRANSGENOMIC INC: Dolphin Offshore Holds 7.6% Stake as of Jan. 2
----------------------------------------------------------------
In a Schedule 13D filed with the U.S. Securities and Exchange
Commission, Dolphin Offshore Partners L.P. disclosed that as of
Jan. 2, 2014, it beneficially owned 560,020 common shares of
Transgenomic representing 7.62% of shares outstanding.  Peter Salas
is president and controlling person of Dolphin.  A full-text copy
of the regulatory filing is available at http://is.gd/Kn2DSe

                        About Transgenomic

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

The Company reported a net loss available to common stockholders
of $16.7 million in 2013, a net loss available to common
stockholders of $8.98 million in 2012 and a net loss available to
common stockholders of $10.8 million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $30.8
million in total assets, $20.6 million in total liabilities and
$10.2 million in stockholders' equity.


TRUMP ENTERTAINMENT: Can Access Cash Collateral Until January 16
----------------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware entered a second stipulation and order authorizing
Trump Entertainment Resorts Inc. and its debtor-affiliates to use
cash collateral until Jan. 16, 2015, pursuant to a cash collateral
budget, a copy of which is available for free at
http://is.gd/DrR4vk

                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 Official Committee of Unsecured Creditors 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: Panel Balks at Exclusivity Extension Bid
-------------------------------------------------------------
The Official Committee of Unsecured Creditors of Trump
Entertainment Resorts Inc. and its debtor-affiliates objected to
the Debtors' motion to extend their exclusive periods to file a
Chapter 11 plan and solicit acceptances of that plan.

Natasha M. Songonuga, Esq., at Gibbons P.C., said the Debtors'
initial exclusive periods provided under section 1121(b)&(c) of the
Bankruptcy Code extend through and including March 9, 2015.   The
Debtors are seeking to schedule a confirmation hearing on their
third amended plan of reorganization on March 4, 2015. However, the
Debtors have advised the Court that even if the Plan is confirmed
in early March 2015, there is likely to be a significant delay
before the Plan can go effective, Ms. Songonuga.

Ms. Songonuga noted the Debtors have not yet filed definitive
documentation for their proposed debtor-in-possession financing,
much less obtained Court approval for the debtor-in-possession
facility and satisfied the Icahn parties' extensive borrowing
conditions.  If the Debtors are not able to gain access to the DIP
facility -- or if the Icahn parties subsequently terminate -- then
the Debtors would almost certainly be required to close the Taj
Mahal.

The Committee also is mindful that circumstances for the Debtors'
estates may change greatly over the coming weeks and months.  With
so much uncertainty hovering over the Debtors' chapter 11 cases, it
would not be appropriate to grant the Debtors an unqualified
extension of the exclusive periods through June 8, 2015, which is
nearly six months from now, she added.

As reported in the Troubled Company Reporter on Nov. 18, 2014, the
Committee asked the Court terminate the exclusivity.  According to
TCR, the Committee stated "The Second Amended Plan confirms that
the Icahn Parties will not agree to share anything more than a
nominal 'tip' value with the Committee's constituents.  Even after
the Court expressed significant concerns about the Debtors/Icahn
Plan at the initial disclosure hearing on Nov. 5, the Icahn Parties
refused to commit to fund the Debtors' Chapter 11 cases or to
consider any meaningful return for general unsecured creditors."

The Committee added that it is prepared to file a plan, which would
provide fair and equitable treatment to all creditors.  Natasha M.
Songonuga, Esq., at Gibbons PC, in Wilmington, Delaware, asserts
that the Committee's plan would satisfy administrative and priority
claims and would turn over the casino collateral to the Icahn
Parties in full satisfaction of their secured claim.  And the plan
would fund a liquidating trust to provide meaningful value to
general unsecured creditors, Ms. Songonuga adds.

                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 Official Committee of Unsecured Creditors 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: Panel Files 2nd Objection to Plan Outline
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Trump
Entertainment Resorts, Inc., et al., filed a second supplemental
objection and reservation of rights with respect to the Debtors'
motion seeking approval of the disclosure statement explaining
their Third Amended Joint Plan of Reorganization.

The Creditors' Committee states: "Nearly two months have passed
since the Court issued its Order for Rule to Show Cause Why the
Court Should not Convert the Case to One Under Chapter 7.
Unfortunately, with only a few days before the January 16 hearing
on the Disclosure Statement Motion, the Debtors have not yet been
able to finalize an agreement with their prepetition lenders  to
fund the administration of the Debtors’ Chapter 11 cases.  This
shortcoming alone renders any consideration of the Disclosure
Statement Motion premature at this time.  The Court wisely
determined that postpetition financing is a necessary (but not
sufficient) condition that must be resolved before the Debtors will
be permitted to solicit votes and seek confirmation of the Plan.
Moreover, even if the Debtors were able to finalize an agreement
with the Icahn Parties for postpetition financing between now and
the January 16 hearing, the Third Amended Plan is too incomplete,
contingent and speculative to warrant approval of the Disclosure
Statement."

The Committee pointed out that several changes reflected in the
Third Amended Plan render it patently unfeasible, and therefore
patently unconfirmable.  Most glaringly, the Committee complained,
the Third Amended Plan provides that the Debtors would be required
to repay $20 million in postpetition financing on the Effective
Date but that the Debtors would receive only $13.5 million in exit
financing to do so.

The Committee is represented by Natasha M. Songonuga, Esq., at
Gibbons P.C., in Wilmington, Delaware; Karen A. Giannelli, Esq.,
and Mark B. Conlan, Esq., at Gibbons P.C., in Newark, New Jersey;
and Nathan A. Schultz, Esq., at Law Office Of Nathan A. Schultz,
P.C., in Traverse City, Michigan.

                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 Official Committee of Unsecured Creditors 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.


TWIN CITIES STORES: Calif. Court Affirms Tax Ruling v. Nelson
-------------------------------------------------------------
Bruce Nelson challenged several personal liability assessments that
the Minnesota Commissioner of Revenue made against him and Scott
Stevens. The assessments were for unpaid petroleum and sales taxes.
The amount of the unpaid taxes exceeds $4 million. Nelson does not
dispute his personal liability for the taxes under Minnesota law
but asserts the tax court erred in granting summary judgment to the
Commissioner by denying his request for additional discovery to
explore an estoppel defense.

Nelson's appeal to the Minnesota Supreme Court was unsuccessful. In
2013, the resulting judgment was certified and registered in
California. Nelson moved to vacate the California judgment based on
the contention that the tax court's discovery ruling denied him due
process of law. The trial court in California denied the motion to
vacate and Nelson appealed the ruling.

"We affirm," the Court of Appeals of California, Second District,
Division Six, said in a January 6, 2015 decision available at
http://is.gd/aBaYaQfrom Leagle.com.

Avanti and Twin Cities Stores, Inc., were wholly-owned subsidiaries
of RM Group, Inc., a Delaware corporation. Nelson owned an 85%
interest in RM Group.  Avanti and T.C. Stores owned or operated
various retail convenience stores that sold sundries and gasoline.
Scott Stevens was Avanti's president.

Twin Cities Stores Inc., filed Chapter 11 again on June 30, 2009,
before the U.S. Bankruptcy Court for the District of Minnesota in
St. Paul (Case No. 09-34468), after emerging from a previous
bankruptcy reorganization in 2004.  The new petition said assets
are less than $10 million while debt exceeded $10 million.
Liabilities include $17.6 million on two secured loans.  The
company also owed almost $4 million to the state of Minnesota for
unpaid fuel taxes.


VERMILLION INC: Shares Copy of Investor Presentation
----------------------------------------------------
Vermillion, Inc., filed with the U.S. Securities and Exchange
Commission the investor presentation that the Company plans to use
in conjunction with meetings, beginning on Jan. 12, 2015, during
the J.P. Morgan Healthcare Conference, a copy of which is available
for free at http://is.gd/C2busn

                          About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 09-11091) on March 30, 2009.  Vermillion's legal
advisor in connection with its successful reorganization efforts
wass Paul, Hastings, Janofsky & Walker LLP.  Vermillion emerged
from bankruptcy in January 2010.  The Plan called for the Company
to pay all claims in full and equity holders to retain control of
the Company.

Vermillion incurred a net loss of $8.81 million in 2013, a net
loss of $7.14 million in 2012 and a net loss of $17.8 million in
2011.

As of Sept. 30, 2014, Vermillion had $18.4 million in total
assets, $5.83 million in total liabilities and $12.6 million in
total stockholders' equity.


VILLAGE GREEN I: Case Dismissal Order, Jan. 30 Foreclosure Stayed
-----------------------------------------------------------------
District Judge S. Thomas Anderson for the Western District of
Tennessee granted the request of Village Green I, GP for a stay of
a bankruptcy court order dismissing its Chapter 11 case while it
appeals to the U.S. Court of Appeals for the Sixth Circuit.

On December 1, 2014, the District Court affirmed the Bankruptcy
Court's sua sponte dismissal of Village Green's Chapter 11 petition
and decision to lift the automatic stay.  On Dec. 12, 2014, Village
Green filed a Notice of Appeal to the Sixth Circuit.

Fannie Mae has noticed a foreclosure sale of the Village Green
property for Jan. 30, 2015, and Village Green has responded by
filing the Motion for Stay.

Village Green contends that it will suffer irreparable harm if the
foreclosure proceeds because it will lose its only asset and its
appeal to the Sixth Circuit will be moot.  Village Green said
Fannie Mae will continue to receive monthly payments from Village
Green and therefore will not suffer any harm if the current stay
remains in effect. A stay will also serve the public interest in
permitting the reorganization of business concerns under chapter 11
and promoting meaningful appellate review generally, it argued.

Fannie Mae opposed, arguing that Village Green has not shown any
likelihood of success on the merits or even serious questions going
to the merits.  Fannie Mae further argues that Village Green will
not suffer irreparable harm in the event of a foreclosure because
Village Green will still have other remedies available under state
law. For its part Fannie Mae will continue to suffer the
deprivation of its contractual right to foreclose and the benefit
of its bargain with Village Green.

"The balance of the factors weighs in favor of a stay," Judge
Anderson said in its Jan. 6, 2015 Order is available at
http://is.gd/ODrpa6from Leagle.com.

Fannie Mae is represented by:

          Mark Warren Bailey, Jr., Esq.
          HUSCH BLACKWELL, LLP
          1661 International Drive, Suite 300
          Memphis, TN  38120
          Telephone: (901) 523-1123
          Facsimile: (901) 523-7472
          E-mail: mark.bailey@huschblackwell.com

               - and -

          Daniel H. Slate, Esq.
          BUCHALTER NEMER, PC
          1000 Wilshire Boulevard, Suite 1500
          Los Angeles, CA 90017-1730
          Tel: (213) 891-0700
          Fax: (213) 896-0400
          E-mail: dslate@buchalter.com

Village Green is represented by:

          John L. Ryder, Esq.
          HARRIS SHELTON HANOVER WALSH, PLLC
          One Commerce Square
          40 Main St., Suite 2700
          Memphis, TN 38103-2555
          Telephone: (901) 525-1455
          Facsimile: (901) 526-4084
          E-mail: jryder@harrisshelton.com

               - and -

          Michael F. Rafferty, Esq.
          HARRIS SHELTON DUNLAP COBB & RYDER
          One Commerce Square
          40 Main St., Suite 2700
          Memphis, TN 38103-2555
          Tel: 901-525-1455
          Fax: 901-526-4084
          E-mail: mrafferty@harrisshelton.com

                    About Village Green I GP

Village Green I GP is the owner of the Village Green Apartments
located at 3450 Fescue Lane, Memphis, Tennessee.  The property is
a 314-unit apartment complex situated in the Hickory Hill
neighborhood of Memphis, Tennessee.  Village Green sought Chapter
11 protection (Bankr. W.D. Tenn. Case No. 10-24178) on April 16,
2010.  John L. Ryder, Esq., at Harris Shelton Hanover Walsh, PLLC,
in Memphis, Tenn., represents the single-asset real estate debtor.

The debtor estimated its assets and debts at less than $10 million
in its bankruptcy petition.  Fannie Mae is owed about $9.2
million.


VIRGIN ISLANDS WAPA: S&P Revises Outlook, Affirms 'BB+' Bonds Ratin
-------------------------------------------------------------------
Standard & Poor's Ratings Services has revised its outlook on
Virgin Islands Water and Power Authority's (WAPA) electric system
revenue bonds to stable from negative.  At the same time, Standard
& Poor's affirmed its 'BBB-' senior-lien rating and its 'BB+'
subordinate debt ratings on the bonds.

"The outlook revision reflects our view of the improved competitive
position from recent rate cuts and the progress that the authority
has made in diversifying its outlook for energy costs," said
Standard & Poor's credit analyst Peter Murphy.

WAPA has made strides in its plan to reduce oil dependence in its
generating fleet by converting two plants to burn propane, seeking
to improve efficiency at its plants and in its distribution
network, and adding renewable energy sources, such as solar power.


Fuel costs accounted for about 72% of fiscal 2014 operating
expenditures, which is up from about 62% in 2004 but slightly lower
than more recent years.  Generally high oil prices have stressed
the authority's financial performance, due to the lag in recovering
fuel costs quickly from electric customers.  Failure to recover
fully and timely fuel costs affected debt service coverage. The
recent decline in oil prices has improved WAPA's cost profile.

The stable outlook reflects S&P's view that while rates remain
high, the recent drop-off in levelized energy adjust clause rates
and improved competitive position will be favorable for collections
and electricity demand.  Given the decline in oil prices, and the
expected drop in the authority's exposure to oil price swings, S&P
expects near-term financial pressures to moderate.  However, if the
economic or oil price situations weaken, there could be downward
pressure on the rating or outlook. Because of the system's high
debt burden, rates, and receivable balances, S&P do not expect the
rating to rise in the next year.



VUZIX CORP: Intel Corp Owns 30% Equity Stake as of Jan. 2
---------------------------------------------------------
In a Schedule 13D filed with the U.S. Securities and Exchange
Commission, Intel Corporation disclosed that as of Jan. 2, 2015, it
beneficially owned 4,962,600 shares of common stock of
Vuzix Corporation representing 30 percent of the shares
outstanding.

On Jan. 2, 2015, Intel entered into a Series A Preferred Stock
Purchase Agreement with the Company, whereby the Company agreed to
issue and sell to Intel an aggregate of 49,626 shares of its Series
A Convertible Preferred Stock, par value $0.001 per share, at a
purchase price of $500 per share, for an aggregate purchase price
of $24,813,000.  Each share of Series A Preferred Stock is
convertible, at the option of Intel, into 100 shares Common Stock,
at an initial conversion price of $5.00 per share, subject to
adjustment in the event of stock splits, dividends or other
combinations.

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

                         http://is.gd/p46Hch

                      About Vuzix Corporation

Vuzix -- http://www.vuzix.com-- is a supplier of Video Eyewear
products in the consumer, commercial and entertainment markets.
The Company's products, personal display devices that offer users
a portable high quality viewing experience, provide solutions for
mobility, wearable displays and virtual and augmented reality.
Vuzix holds 33 patents and 15 additional patents pending and
numerous IP licenses in the Video Eyewear field.  Founded in 1997,
Vuzix is a public company with offices in Rochester, NY, Oxford,
UK and Tokyo, Japan.

As of Sept. 30, 2014, the Company had $3.94 million in total
assets, $13.9 million in total liabilities and a $9.97 million
stockholders' deficit.

The Company's independent registered public accounting firm, EFP
Rotenberg, LLP, in Rochester, New York, included in its report on
the consolidated financial statements for the years ended Dec. 31,
2013, and 2012 an explanatory paragraph describing the existence
of conditions that raise substantial doubt about the Company's
ability to continue as a going concern, including continued
operating losses and the potential inability to pay currently due
debts.  The Company has incurred a net loss from continuing
operations consistently over the last 2 years.  The Company
incurred annual net losses from its continuing operations of
$10,146,228 in 2013 and $4,747,387 in 2012, and has an accumulated
deficit of $36,292,532 as of Dec. 31, 2013.  The Company's ongoing
losses have had a significant negative impact on the Company's
financial position and liquidity, EFP Rotenberg said.


WAFERGEN BIO-SYSTEMS: Hal Mintz Has 9.9% Stake as of Dec. 31
------------------------------------------------------------
Hal Mintz and his affiliates disclosed in a regulatory filing with
the U.S. Securities and Exchange Commission that as of Dec. 31,
2014, they beneficially owned 585,255 shares of common stock of
WaferGen Bio-systems, Inc., representing 9.97 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at http://is.gd/Gwlk7B

                    About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.

WaferGen reported a net loss attributable to common stockholders
of $17.7 million in 2013, following a net loss attributable to
common stockholders of $8.97 million in 2012.

SingerLewak LLP, in San Jose, California, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that the
Company has incurred operating losses and negative cash flows from
operating activities since inception which raise substantial doubt
about the Company's ability to continue as a going concern.


WESTMORELAND RESOURCE: 6 Directors Named to Gen. Partner's Board
----------------------------------------------------------------
According to a regulatory filing with the U.S. Securities and
Exchange Commission, these directors were appointed to the board of
directors of Westmoreland Resources GP, LLC, a wholly owned
subsidiary of Westmoreland Coal Company, and general partner of
Westmoreland Resource Partners, LP: Keith E. Alessi, Kevin A.
Paprzycki, Jennifer S. Grafton, Robert T. Clutterbuck, Keith D.
Horton and Kurt D. Kost.

Keith E. Alessi was appointed to the Board of the GP as an employee
director.  Mr. Alessi currently serves as chief executive officer
and president of the GP and chief executive officer of
Westmoreland.  Mr. Alessi will not receive compensation for
services as an employee director of the Board.

Kevin A. Paprzycki was appointed to the Board of the GP as an
employee director.  Mr. Paprzycki currently serves as chief
financial officer and treasurer of both the GP and Westmoreland.
Mr. Paprzycki will not receive compensation for services as an
employee director of the Board.

Jennifer S. Grafton was appointed to the Board of the GP as an
employee director.  Ms. Grafton currently serves as chief legal
officer and secretary of the GP and senior vice president, chief
administrative officer and secretary of Westmoreland.  Ms. Grafton
will not receive compensation for services as an employee director
of the Board.

Robert Clutterbuck was appointed to the Board of the GP as an
independent director.  Mr. Clutterbuck is the managing partner and
portfolio manager at Clutterbuck Capital Management LLC.  Mr.
Clutterbuck was Chairman of Key Capital Partners, which provided
brokerage, capital markets, insurance, investment banking and asset
management expertise to business and private clients nationwide.
Mr. Clutterbuck was also chief executive officer of McDonald
Investments Inc. and was a senior executive vice president of
KeyCorp.  In addition to serving on the McDonald Investments Board,
Mr. Clutterbuck has served on numerous philanthropic boards as well
as a number of advisory boards of financial institutions.  Mr.
Clutterbuck earned his bachelor's degree from Ohio Wesleyan
University and his MBA from the University of Pennsylvania Wharton
School of Business.

Keith Horton was appointed to the Board of the GP as an independent
director.  Mr. Horton is currently president of PVR Coal, a
subsidiary of Regency Gas Partners.  Previously he acted as
executive vice president and chief operating officer - Coal at PVR
Partners, a publicly traded master limited partnership.  Mr. Horton
has an extensive background in coal operations and management,
including a mine engineer position with Westmoreland Coal Company
that was his first position out of college.  Mr. Horton earned his
bachelor's in Engineering of Mines from West Virginia University
and completed the University of Virginia Darden School of Business'
Executive Management Program.

Kurt Kost was appointed to the Board of the GP as an independent
director.  Mr. Kost has over 34 years experience in the mining
industry.  Mr. Kost's expertise includes coal operations and
engineering; safety and process management related to operational
and maintenance improvements; deploying technology in practical
field applications; post-merger organization design and
implementation; executive management and leadership.  Mr. Kost is
currently senior vice president with Norwest Corporation and
previous to that was president at Alpha Natural Resources.  Mr.
Kost earned his bachelor's degree in Mining Engineering from South
Dakota School of Mines and Technology and in 2004 completed Harvard
Business School's Advanced Management Program.

                    About Westmoreland Resource

Oxford Resource Partners, LP, now known as Westmoreland Resource
Partners, LP, is a producer of high value steam coal, and is the
largest producer of surface mined coal in Ohio.

Oxford Resource reported a net loss of $20.2 million on $287
million of revenues for the nine months ended Sept. 30, 2012,
compared with a net loss of $4 million on $304.1 million of
revenues for the same period of 2011.

The Company's balance sheet at Sept. 30, 2014, showed $203.9
million in total assets, $218 million in total liabilities, and a
partners' deficit of $14.2 million.


YBR LLC: Case Summary & Largest Unsecured Creditor
--------------------------------------------------
Debtor: YBR, LLC
           dba Dreiling Arms Apartments
        6960 Copperbend Ln
        Baltimore, MD 21209

Case No.: 15-20044

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: January 13, 2015

Court: United States Bankruptcy Court
       District of Kansas (Kansas City)

Judge: Hon. Robert D. Berger

Debtor's Counsel: Wesley F. Smith, Esq.
                  STEVENS & BRAND, LLP
                  PO Box 189
                  900 Massachusetts, Ste. 500
                  Lawrence, KS 66044
                  Tel: (785) 843-0811
                  Fax: (785) 843-0341
                  Email: wsmith@stevensbrand.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Yacov Margolese, manager.

The Debtor listed Weary Davis, LC, as its largest unsecured
creditor holding a claim of $12,103.

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

            http://bankrupt.com/misc/ksb15-20044.pdf


YMCA OF MILWAUKEE: To Close Down South Shore YMCA on Jan. 31
------------------------------------------------------------
Rich Kirchen, senior reporter at Milwaukee Business Journal,
reports that the Young Men's Christian Association of Metropolitan
Milwaukee, Inc., said on Tuesday that it will shut down the South
Shore YMCA in Cudahy effective Jan. 31, 2015.

According to Business Journal, the Milwaukee YMCA had hoped to sell
the Cudahy location and use proceeds to pay down debt.

Milwaukee Y said in a press release that its "leadership diligently
sought a new operator for the South Shore Y, but no buyers have
come forward with an offer."  YMCA officials said in the press
release that it is not possible to continue operating the South
Shore branch and making investments "to address the extensive
deferred maintenance at the center and make the improvements needed
for it to compete long-term."

Business Journal relates that YMCA officials anticipate that the
building and related assets will be placed into a bank trust, as
called for in the Milwaukee Y's reorganization plan, when the South
Shore location shuts down.  According to the report, the Plan is
scheduled for a hearing on Jan. 30, 2015.

The bank trustee, Business Journal reports, will operate, lease,
sell, assign or otherwise dispose of the South Shore facility or
other trust assets, and South Shore Y members can transition to a
different Milwaukee Y center by Jan. 31, 2015.

                        About YMCA Milwaukee

The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., and affiliate, YMCA Youth Leadership Academy, Inc., filed
voluntary Chapter 11 bankruptcy petitions (Bankr. E.D. Wis. Case
Nos. 14-27174 and 14-27175) in Milwaukee, on June 4, 2014.

YMCA Milwaukee, which has more than 100,000 members using its
centers and camps, plans to sell a majority of its owned real
estate to help pay down $29 million in debt.

YMCA Milwaukee estimated $10 million to $50 million in both assets
and liabilities.  YMCA Academy estimated $100,000 to $500,000 in
both assets and liabilities.

The cases are assigned to Judge Susan V. Kelley.

The Debtors have tapped Olivier H. Reiher, Esq., and Mark L. Metz,
Esq., at Leverson & Metz, S.C., in Milwaukee, as counsel.  The
Debtors have engaged Ernst & Young LLP as their financial
advisors, and Reputation Partners, L.L.C. as their public
relations advisors.  The Debtors have also tapped Fox, O'Neill &
Shannon, S.C. as their special counsel for real estate matters.

On June 30, 2014, the Official Committee of Unsecured Creditors
won approval to retain Goldstein & McClintock LLLP as its counsel,
provided that the G&M attorney who had represented the BMO
participant may not participate in representation of the
Committee.  The Committee also won approval to hire Navera Group,
LLC as financial advisors.


YMCA OF MILWAUKEE: To Close South Shore Y in Cudahy
---------------------------------------------------
The YMCA of Metropolitan Milwaukee on Jan. 13 disclosed that it
will close the South Shore YMCA, located at 3244 E. College Ave. in
Cudahy, effective January 31, 2015.  All programming and center
hours will continue as normally scheduled until that time.

As announced in June 2014, the YMCA of Metropolitan Milwaukee has
been implementing a comprehensive restructuring plan designed to
address its operating challenges, repay as much debt as possible
and reposition the Milwaukee Y for the future.  That plan called
for the organization to establish a Milwaukee Y comprised of
centers within (or very close to) the City of Milwaukee and sell
off the majority of its owned real estate assets, including the
South Shore Y, in order to pay down debt.

Since that time, the Milwaukee Y's leadership diligently sought a
new operator for the South Shore Y, but no buyers have come forward
with an offer.  While the Milwaukee Y has a deep appreciation for
the passion and involvement of the South Shore Y community, it
simply is not possible for the organization to continue operations
and make the required investments to address the extensive deferred
maintenance at the center and make the improvements needed for it
to compete long-term.  When the center is closed on January 31, it
is anticipated that the building and related assets will be placed
into a bank trust administered by BMO Harris Bank (or its
designee), as agreed to in the Milwaukee Y's plan of
reorganization, which is to be considered by the Court on January
30.  The bank trustee will have full authority and discretion to
operate, lease, sell, assign or otherwise dispose of the South
Shore facility or other trust assets.

"This was a very difficult decision, and one we didn't come to
without exploring all other options," said Julie Tolan, president
and chief executive officer of the YMCA of Metropolitan Milwaukee.
"We are sincerely sorry for the impact this will have on our many
loyal South Shore members and employees, and we pledge to work
tirelessly over the next few weeks to ensure a smooth transition
for all involved."

Current South Shore Y members have the option to transition to a
different Milwaukee Y center by January 31.  Employees who cannot
be retained at other centers will be offered severance.

A hearing to approve the Milwaukee Y's complete restructuring plan
has been scheduled for January 30.  If the reorganization plan is
approved by the Court, the Milwaukee Y will emerge from Chapter 11
smaller, debt free and better positioned to carry out its vision of
a stronger, healthier Milwaukee where families of all incomes and
backgrounds truly thrive.  For more information about the Milwaukee
Y's restructuring plan, please visit www.ymcamke.org/restructuring


                      About YMCA Milwaukee

The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., and affiliate, YMCA Youth Leadership Academy, Inc., filed
voluntary Chapter 11 bankruptcy petitions (Bankr. E.D. Wis. Case
Nos. 14-27174 and 14-27175) in Milwaukee, on June 4, 2014.

YMCA Milwaukee, which has more than 100,000 members using its
centers and camps, plans to sell a majority of its owned real
estate to help pay down $29 million in debt.

YMCA Milwaukee estimated $10 million to $50 million in both assets
and liabilities.  YMCA Academy estimated $100,000 to $500,000 in
both assets and liabilities.  The formal schedules of assets and
liabilities are due June 18, 2014.

The cases are assigned to Judge Susan V. Kelley.

The Debtors have tapped Olivier H. Reiher, Esq., and Mark L. Metz,
Esq., at Leverson & Metz, S.C., in Milwaukee, as counsel.  The
Debtors have engaged Ernst & Young LLP as their financial
advisors, and Reputation Partners, L.L.C. as their public relations
advisors.  The Debtors have also tapped Fox, O'Neill & Shannon,
S.C. as their special counsel for real estate matters.

On June 30, 2014, the Official Committee of Unsecured Creditors won
approval to retain Goldstein & McClintock LLLP as its counsel,
provided that the G&M attorney who had represented the BMO
participant may not participate in representation of the Committee.
The Committee also won approval to hire Navera Group, LLC as
financial advisors.


ZOGENIX INC: Cash at $42.2 Million as of Dec. 31
------------------------------------------------
Zogenix, Inc., announced that its preliminary unaudited cash and
cash equivalents as of Dec. 31, 2014, were approximately $42.2
million, including $21.5 million in cash from a term loan and a
revolving line of credit with Oxford Finance LLC and Silicon Valley
Bank, according to a regulatory filing with the U.S. Securities and
Exchange Commission.  In addition, $8.5 million is being held in
escrow from the proceeds of the sale of Sumavel DosePro to Endo
Pharmaceuticals.

The Company noted that the preliminary unaudited cash position is
subject to the completion of financial closing procedures and other
developments that may arise between now and the time the financial
results for the fourth quarter are finalized, as well as the
completion of the audit of the 2014 financial statements.
Therefore, actual results may differ materially from these
estimates.  In addition, the Company estimates do not present all
information necessary for an understanding of Zogenix's financial
condition as of Dec. 31, 2014.

                         About Zogenix Inc.

Zogenix, Inc. (NASDAQ: ZGNX), with offices in San Diego and
Emeryville, California, is a pharmaceutical company
commercializing and developing products for the treatment of
central nervous system disorders and pain.

Zogenix reported a net loss of $80.85 million in 2013, as compared
with a net loss of $47.38 million in 2012.

As of Sept. 30, 2014, the Company had $107.02 million in total
assets, $49.5 million in total liabilities and $57.5 million in
total stockholders' equity.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company's recurring losses from operations and lack of
sufficient working capital raise substantial doubt about its
ability to continue as a going concern.


[*] TMA New York to Host Luncheon Conference on Jan. 21
-------------------------------------------------------
The Turnaround Management Association (TMA) of New York on Jan. 13
disclosed that it will host its 14th Annual Members-Only Exclusive
Professor Edward I. Altman Luncheon Conference: "The Credit Market
Outlook for 2015 and Beyond . . .  Is a Bubble Building?" on
Wednesday, January 21, 2015.

The event, to be held at the Union League Club, will feature
Professor Altman's recent paper and thesis on whether a new credit
bubble is building in the Leveraged Finance Market and if/when it
might burst.  In addition, Professor Altman will address the
corporate default and recovery market and his forecast of expected
credit market conditions for 2015.

"The New York Chapter of TMA is honored to host the 14th Annual
Edward I. Altman Luncheon and give our members exclusive access to
Professor Altman and his unparalleled track record of forecasting
the credit markets and distressed debt," said Allen Kadish, 2015
TMA New York President.

Professor Altman has an international reputation as an expert on
corporate bankruptcy, high yield bonds, distressed debt and credit
risk analysis.  He is the Max L. Heine Professor of Finance at the
Stern School of Business, New York University and the Director of
Research in Credit and Debt Markets at the NYU Salomon Center for
the Study of Financial Institutions.  Prior to serving in his
present position, Professor Altman chaired the Stern School's MBA
program for 12 years.

Professor Altman is also the Chairman of the Academic Advisory
Council of the Turnaround Management Association, as well as an
advisor to the Centrale dei Bilanci in Italy as well as several
other foreign central banks.  He received his MBA and Ph.D. in
finance from the University of California, Los Angeles.  Among
other prestigious awards, he was inducted into the Fixed Income
Analysts Society Hall of Fame in 2001; President of the Financial
Management Association (2003) and a FMA Fellow in 2004, and was
among the inaugural inductees into the Turnaround Management
Association's Hall of Fame in 2008.  In 2005, Professor Altman was
named one of the "100 Most Influential People in Finance" by the
Treasury & Risk Magazine.

Professor Altman was one of the founders and an Executive Editor of
the international publication: The Journal of Banking and Finance
and Advisory Editor of The John Wiley Frontiers in Finance Series.
He has published or edited two dozen books and over 130 articles in
scholarly finance, accounting and economic journals.  He was the
editor of the Handbook of Corporate Finance and the Handbook of
Financial Markets and Institutions and the author of a number of
recent books, including Distressed Securities; and his most recent
works, Managing Credit Risk (2nd Ed. 2008), Recovering Risk (2005)
and  Bankruptcy, Credit Risk and High Yield Junk Bonds (2002).

The Turnaround Management Association -- http://www.turnaround.org/
-- is a global non-profit organization comprised of turnaround and
corporate renewal professionals with more than 9,300 members in 49
chapters including 31 in North America.  TMA's mission is to serve
as a forum for corporate renewal professionals from all disciplines
to promote high standards of practice, foster professional
development, and enhance the image of TMA members.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Richard Dean Proske
   Bankr. S.D. Tex. Case No. 14-37050
      Chapter 11 Petition filed December 30, 2014

In re Levi Wallace
   Bankr. S.D.N.Y. Case No. 14-37540
      Chapter 11 Petition filed December 30, 2014

In re Summerfield Studios, LTD
        dba MyChurch Family Album
   Bankr. N.D. Ohio Case No. 14-53369
      Chapter 11 Petition filed December 30, 2014
         See http://bankrupt.com/misc/ohnb14-53369.pdf
         represented by: Marc P. Gertz, Esq.
                         GOLDMAN & ROSEN, LTD
                         E-mail: mpgertz@goldman-rosen.com

In re Levis Suriel Gomez and Nuris Amador Cormoran
   Bankr. D.P.R. Case No. 14-10644
      Chapter 11 Petition filed December 30, 2014

In re Joshua's Generation Christian, Inc.
   Bankr. N.D. Ga. Case No. 15-50364
      Chapter 11 Petition filed January 5, 2015
         See http://bankrupt.com/misc/ganb15-50364.pdf
         represented by: Joycelyn R. Curry, Esq.
                         J. CURRY LAW GROUP, LLC
                         E-mail: jcurry@jcurrylaw.com

In re C & N Landscape Maintenance, Inc.
   Bankr. E.D. Cal. Case No. 15-20034
      Chapter 11 Petition filed January 6, 2015
         See http://bankrupt.com/misc/caeb15-20034.pdf
         represented by: Matthew R. Eason, Esq.
                         EASON & TAMBORINI, A LAW CORPORATION
                         E-mail: matthew@capacitylaw.com

In re Perry V. Faragasso and Lauren Faragasso
   Bankr. D. Conn. Case No. 15-50019
      Chapter 11 Petition filed January 6, 2015

In re Sirdah Enterprises, Inc.
        dba Taboo 2 Bar & Bistro
   Bankr. N.D. Ga. Case No. 15-50436
      Chapter 11 Petition filed January 6, 2015
         See http://bankrupt.com/misc/ganb15-50436.pdf
         represented by: Diana McDonald, Esq.
                         LAW OFFICE OF DIANA MCDONALD, LLC
                         E-mail: dym@lawfirmmcdonald.com

In re Tom Serrano Pineda
   Bankr. D. Md. Case No. 15-10110
      Chapter 11 Petition filed January 6, 2015

In re James C. Hoffmann
   Bankr. D.N.J. Case No. 15-10156
      Chapter 11 Petition filed January 6, 2015

In re 62 Chicken Valley Road LLC
   Bankr. E.D.N.Y. Case No. 15-70039
      Chapter 11 Petition filed January 6, 2015
         See http://bankrupt.com/misc/nyeb15-70039.pdf
         represented by: Kenneth F. McCallion, Esq.
                         MCCALLION & ASSOCIATES LLP
                         E-mail: kfm@mccallionlaw.com

In re Richard Lee Romine, II and Laura Nicole Romine
   Bankr. M.D. Tenn. Case No. 15-00055
      Chapter 11 Petition filed January 6, 2015

In re Mikren Enterprises, LLC
        dba Casari's Paint & Body Shop
   Bankr. S.D. Tex. Case No. 15-30215
      Chapter 11 Petition filed January 6, 2015
         See http://bankrupt.com/misc/txsb15-30215.pdf
         represented by: Alexander B. Wathen, Esq.
                         WATHEN & ASSOCIATES
                         E-mail: wathenecf@gmail.com

In re Darren Ray Brady
   Bankr. D. Utah Case No. 15-20080
      Chapter 11 Petition filed January 6, 2015

In re Carpe Diem Palm Lane, LLC
   Bankr. D. Ariz. Case No. 15-00136
      Chapter 11 Petition filed January 7, 2015
         See http://bankrupt.com/misc/azb15-00136.pdf
         represented by: John D. Parker, II, Esq.
                         PARKER LAW FIRM, PLC
                         E-mail: jparker@ptlaw.net

In re Edmond Eugenio Mietzner and Jalena Kristine Mietzner
   Bankr. C.D. Cal. Case No. 14-33944
      Chapter 11 Petition filed January 7, 2015

In re Jose Carlos Monge
   Bankr. C.D. Cal. Case No. 15-10241
      Chapter 11 Petition filed January 7, 2015

In re John Kenneth Rodrigo
   Bankr. E.D. Cal. Case No. 14-32452
      Chapter 11 Petition filed January 7, 2015

In re Peter Joseph Woytuk
   Bankr. D. Conn. Case No. 15-50022
      Chapter 11 Petition filed January 7, 2015

In re Brian N. Horowitz
   Bankr. S.D. Fla. Case No. 15-10288
      Chapter 11 Petition filed January 7, 2015

In re Maine Live Lobster And Seafood Distribution LLC
   Bankr. S.D. Fla. Case No. 15-10320
      Chapter 11 Petition filed January 7, 2015
         See http://bankrupt.com/misc/flsb15-10320.pdf
         represented by: John A. Moffa, Esq.
                         MOFFA & BONACQUISTI, P.A.
                         E-mail: john@mbpa-law.com

In re SSNN-525-Q1 Tyler Rd LLC
   Bankr. N.D. Ill. Case No. 15-00352
      Chapter 11 Petition filed January 7, 2015
         See http://bankrupt.com/misc/ilnb15-00352.pdf
         represented by: Gregory K. Stern, Esq.
                         GREGORY K. STERN, P.C.
                         E-mail: gstern1@flash.net

In re Richard B. Stine, Sr. and Anna J. Stine
   Bankr. D. Md. Case No. 15-10219
      Chapter 11 Petition filed January 7, 2015

In re Devi Badri, Corp.
   Bankr. E.D.N.Y. Case No. 15-40050
      Chapter 11 Petition filed January 7, 2015
         See http://bankrupt.com/misc/nyeb15-40050.pdf
         Filed Pro Se

In re John N. Moore, Jr.
   Bankr. E.D.N.Y. Case No. 15-70055
      Chapter 11 Petition filed January 7, 2015

In re Luther Wiggins
   Bankr. E.D.N.C. Case No. 15-00103
      Chapter 11 Petition filed January 7, 2015

In re MAT Transmisson Service, LP
        dba AAMCO
   Bankr. W.D. Pa. Case No. 15-20054
      Chapter 11 Petition filed January 7, 2015
         See http://bankrupt.com/misc/pawb15-20054.pdf
         represented by: Christopher M. Frye
                         STEIDL & STEINBERG
                         2E-mail: chris.frye@steidl-steinberg.com

In re Ramon Alvarez Galindez and Sonia Adorno Maisonet
   Bankr. D.P.R. Case No. 15-00039
      Chapter 11 Petition filed January 7, 2015

In re Rose A. Smith
   Bankr. C.D. Cal. Case No. 15-10099
      Chapter 11 Petition filed January 8, 2015

In re Claudio Gerardo Cendejas
   Bankr. C.D. Cal. Case No. 15-10247
      Chapter 11 Petition filed January 8, 2015

In re Michael C Zellers
   Bankr. C.D. Cal. Case No. 15-10290
      Chapter 11 Petition filed January 8, 2015

In re Aristocrat Limousine,Incorporated
   Bankr. D. Conn. Case No. 15-50028
      Chapter 11 Petition filed January 8, 2015
         See http://bankrupt.com/misc/ctb15-50028.pdf
         represented by: Peter L. Ressler, Esq.
                         GROOB RESSLER & MULQUEEN
                         E-mail: ressmul@yahoo.com

In re Anette Hoos-Spath
   Bankr. S.D. Fla. Case No. 15-10341
      Chapter 11 Petition filed January 8, 2015

In re Charles Todd Sprague
   Bankr. S.D. Fla. Case No. 15-10392
      Chapter 11 Petition filed January 8, 2015

In re Sri Sai Ganesh Food LLC
        dba Jai Hind
   Bankr. N.D. Ga. Case No. 15-50591
      Chapter 11 Petition filed January 8, 2015
         See http://bankrupt.com/misc/ganb15-50591.pdf
         represented by: Kevin J. Cowart, Esq.
                         THE COWART LAW FIRM, P.C.
                         E-mail: kevinjcowart@gmail.com

In re Paul B. Kirchner and Katharine A. Kirchner
   Bankr. N.D. Ill. Case No. 15-00504
      Chapter 11 Petition filed January 8, 2015

In re Clifford Utley
   Bankr. D. Md. Case No. 15-10262
      Chapter 11 Petition filed January 8, 2015

In re SLBR, LLC
   Bankr. D. Md. Case No. 15-10296
      Chapter 11 Petition filed January 8, 2015
         See http://bankrupt.com/misc/mdb15-10296.pdf
         represented by: Steven H. Greenfeld, Esq.
                         COHEN, BALDINGER & GREENFELD, LLC
                         E-mail: steveng@cohenbaldinger.com

In re Jose Jesus Navarro and Eulalia Navarro-Gonzalez
   Bankr. D. Nev. Case No. 15-10083
      Chapter 11 Petition filed January 8, 2015

In re Jay C. Davey
   Bankr. D.N.H. Case No. 15-10028
      Chapter 11 Petition filed January 8, 2015

In re Paul J. Fowler
   Bankr. E.D.N.Y. Case No. 15-70066
      Chapter 11 Petition filed January 8, 2015

In re Seasholtz Metallurgy, Inc.
   Bankr. E.D. Pa. Case No. 15-10165
      Chapter 11 Petition filed January 8, 2015
         See http://bankrupt.com/misc/paeb15-10165.pdf
         represented by: Henry W. Van Eck, Esq.
                         METTE, EVANS & WOODSIDE
                         E-mail: hwvaneck@mette.com

In re German Rosado Santana and Lillian Alejandro Diaz
   Bankr. D.P.R. Case No. 15-00050
      Chapter 11 Petition filed January 8, 2015

In re Logan Harding
   Bankr. W.D. Tex. Case No. 15-30044
      Chapter 11 Petition filed January 8, 2015

In re Ricky Joe Palasota, Jr.
   Bankr. W.D. Tex. Case No. 15-60023
      Chapter 11 Petition filed January 8, 2015

In re Lucee's, LLC
   Bankr. E.D. Va. Case No. 15-30076
      Chapter 11 Petition filed January 8, 2015
         See http://bankrupt.com/misc/vaeb15-30076.pdf
         represented by: Alexander Hamilton Ayers, Esq.
                         AYERS & STOLTE, P.C.
                         E-mail: aayers@ayerslaw.com

In re Community Park Investments
   Bankr. N.D. Ind. Case No. 15-30026
      Chapter 11 Petition filed January 9, 2015
         See http://bankrupt.com/misc/innb15-30026.pdf
         represented by: R. William Jonas, Jr., Esq.
                         HAMMERSCHMIDT, AMARAL & JONAS
                         E-mail: rwj.haj@sbcglobal.net

In re Daniel Napo Sanwogou
   Bankr. W.D. Mo. Case No. 15-40056
      Chapter 11 Petition filed January 9, 2015

In re Robert Gomez and Susan Paris-Gomez
   Bankr. D. Nev. Case No. 15-10101
      Chapter 11 Petition filed January 9, 2015

In re East 98th Street Realty Inc.
   Bankr. E.D.N.Y. Case No. 15-40082
      Chapter 11 Petition filed January 9, 2015
         See http://bankrupt.com/misc/nyeb15-40082.pdf
         Filed Pro Se

In re Amjad H. Badran
   Bankr. D.P.R. Case No. 15-00060
      Chapter 11 Petition filed January 9, 2015

In re Richard E. Cox
   Bankr. W.D. Tenn. Case No. 15-10051
      Chapter 11 Petition filed January 9, 2015

In re Robert Coleman, Jr. and Chizuco Coleman
   Bankr. E.D. Wis. Case No. 15-20182
      Chapter 11 Petition filed January 9, 2015

In re Mukilteo Design Ltd
   Bankr. W.D. Wash. Case No. 15-10117
      Chapter 11 Petition filed January 9, 2015
         See http://bankrupt.com/misc/wawb15-10117.pdf
         Filed Pro Se

In re Christopher M. Roberts and Jackie M. Roberts
   Bankr. W.D. Wis. Case No. 15-10074
      Chapter 11 Petition filed January 9, 2015

In re Stratagem Investment Group, LLC
   Bankr. C.D. Cal. Case No. 15-10092
      Chapter 11 Petition filed January 10, 2015
         See http://bankrupt.com/misc/cacb15-10092.pdf
         represented by: Dayna C. Chillas, Esq.
                         ARROW LEGAL SERVICES
                         E-mail: arrowlegalecf@gmail.com

In re Rosario A Butac and Helen S Butac
   Bankr. C.D. Cal. Case No. 15-10378
      Chapter 11 Petition filed January 10, 2015

In re Crown Custom Cleaners, Inc.
   Bankr. D.N.J. Case No. 15-10458
      Chapter 11 Petition filed January 10, 2015
         See http://bankrupt.com/misc/njb15-10458.pdf
         represented by: Matteo Samuel Weiner, Esq.
                         BAIK AND ASSOCIATES, P.C.
                         E-mail: matteoweiner.esq@gmail.com

In re Mangos Caribbean Restaurant, LLC
   Bankr. N.D. Ala. Case No. 15-80075
      Chapter 11 Petition filed January 12, 2015
         See http://bankrupt.com/misc/alnb15-80075.pdf
         represented by: Stuart M. Maples, Esq.
                         MAPLES LAW FIRM, PC
                         E-mail: smaples@mapleslawfirmpc.com

In re AZ Gold Guys LLC
        aka Scottsdale Lab Guy
   Bankr. D. Ariz. Case No. 15-00286
      Chapter 11 Petition filed January 12, 2015
         Filed Pro Se

In re Barbara Behm
   Bankr. C.D. Cal. Case No. 15-10396
      Chapter 11 Petition filed January 12, 2015

In re Janice Genus-Harrison
   Bankr. C.D. Cal. Case No. 15-10436
      Chapter 11 Petition filed January 12, 2015

In re Vena Marie Rubalcaba
   Bankr. C.D. Cal. Case No. 15-10453
      Chapter 11 Petition filed January 12, 2015

In re Veronica Santana
   Bankr. N.D. Cal. Case No. 15-30025
      Chapter 11 Petition filed January 12, 2015

In re Thor Global Corporation
   Bankr. M.D. Fla. Case No. 15-00283
      Chapter 11 Petition filed January 12, 2015
         See http://bankrupt.com/misc/flmb15-00283.pdf
         represented by: Rickisha L Hightower-Singletary, Esq.
                         LAW OFFICE OF R. H. SINGLETARY, P.A.
                         E-mail: rsingletary@rhslawoffice.com

In re Sandra N. Davis
   Bankr. S.D. Fla. Case No. 15-10607
      Chapter 11 Petition filed January 12, 2015

In re Karma, LLC
   Bankr. D. Mass. Case No. 15-10107
      Chapter 11 Petition filed January 12, 2015
         See http://bankrupt.com/misc/mab15-10107.pdf
         represented by: Richard N. Gottlieb, Esq.
                         LAW OFFICES OF RICHARD N. GOTTLIEB
                         E-mail: rnglaw@verizon.net

In re Meyer Sadigursky and Simona Sadigursky
   Bankr. W.D.N.Y. Case No. 15-10034
      Chapter 11 Petition filed January 12, 2015

In re Joseph J. Perri, Jr.
   Bankr. W.D. Pa. Case No. 15-20091
      Chapter 11 Petition filed January 12, 2015

In re Extra Value Laundry @ Plaza Mexico LLC
   Bankr. D. Colo. Case No. 15-10231
      Chapter 11 Petition filed January 12, 2015
         See http://bankrupt.com/misc/cob15-10231.pdf
         represented by: Philip Falco, Esq.
                         E-mail: phil@demurrer.com



                            *********

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.

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 nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

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 2015.  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 ***