TCR_Public/150217.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, February 17, 2015, Vol. 19, No. 48

                            Headlines

ACG CREDIT: Disputes DuffyAmedeo's Bid to Withdraw as Counsel
AEOLUS PHARMACEUTICALS: Incurs $698,000 Net Loss in Dec. 31 Qtr.
ALSIP ACQUISITION: Assets Sold to Paper Mill for $8.2-Mil.
AMERICAN AXLE: Vanguard Group Reports 5.5% Stake as of Dec. 31
AMERICAN SPECTRUM: Involuntary Chapter 11 Case Summary

AP-LONG BEACH: Stipulation on Continued Cash Use Approved
APPLIED MINERALS: James Berylson Reports 7% Stake as of Dec. 31
ASK INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors
ATLANTIC CITY, NJ: With Less Competition, Casinos Doing Better
ATLS ACQUISITION: Creditors' Committee Can Sue Managers

BALANCE FOODS: Case Summary & 20 Largest Unsecured Creditors
BAPTIST HOME: Needs More Time to Work Toward Consensual Plan
BG MEDICINE: Capital Ventures No Longer a Shareholder
BIG M, INC: U.S. Trustee Withdraws Bid for Case Conversion
BION ENVIRONMENTAL: Moving Forward with Sustainable Brand

BION ENVIRONMENTAL: Posts $664K Net Loss for Fourth Quarter
BLY-HOLLAND LAND: Case Summary & 10 Largest Unsecured Creditors
BMB MUNAI: Posts $41,700 Net Income in Dec. 31 Quarter
BOMBARDIER INC: S&P Affirms 'B+' CCR; Outlook Negative
BRIAR'S CREEK: Seeks to Sell Assets for $11.3 Million

BUILDERS FIRSTSOURCE: Stadium Capital Reports 12% Stake at Dec. 31
BUILDING #19: Committee Wins Nod to Hire Sternklar's Firm
BUMI INVESTMENT: Court Approves Consolidation of Cases
BUMI INVESTMENT: Entities Enjoined from Executing Against Assets
CAESARS ENTERTAINMENT: Family of Murdered Man Wants Insurance

CALEDONIAN BANK: Chapter 15 Case Summary
CASH STORE: easyfinancial Closes Purchase of 45 Locations
CHINA PRECISION: Incurs $5.4 Million Net Loss in Dec. 31 Quarter
CLIFFS NATURAL: Bank of America Reports 6.4% Stake as of Dec. 31
CLIFFS NATURAL: G1 Execution Reports 6.1% Stake as of Dec. 31

CLOUDEEVA INC: Withdraws Chapter 11 Plan
COCRYSTAL PHARMA: Barry Honig Reports 2.9% Stake as of Dec. 31
COLT DEFENSE: Moody's Says $33MM Loan Won't Affect Caa3 CFR
COMDISCO HOLDING: Reports Fiscal 1st Quarter Financial Results
COMMUNICATION INTELLIGENCE: Engmann Reports 12% Stake as of Dec. 31

COMMUNITY HOME: Caliber Home Wants Relief from Stay on Property
COMSTOCK MINING: Peter Palmedo Reports 6.7% Stake as of Dec. 31
CONNEAUT LAKE: Court to Decide on Insurance Money Dispute
CONSTAR INTERNATIONAL: Plan Filing Date Extended to March 13
CTI BIOPHARMA: FMR LLC Reports 2.4% Stake as of Dec. 31

DALLAS ROADSTER: Court Won't Raise Cap for Roger Sanders' Expenses
DAVID CASSIDY: Owes $293K for Mortgage on His Home
DEERFIELD RANCH WINERY: Case Summary & 20 Top Unsec. Creditors
DELIA'S INC: Hilco Streambank to Sell Intellectual Property
DIKA-HOMEWOOD: Case Summary & 9 Largest Unsecured Creditors

DIKA-MATTESON: Case Summary & 8 Largest Unsecured Creditors
DUNE ENERGY: Whitebox Advisors Reports 5% Stake as of Dec. 31
ECO BUILDING: Needs More Time to File Dec. 31 Form 10-Q
ECOLOGICAL PAPER: Files for Ch. 11 After Drop in Sales
ECOSPHERE TECHNOLOGIES: McGuire Reports 14% Stake as Dec. 31

ECOSPHERE TECHNOLOGIES: Obtains $250,000 Loan From Brisben
ENDEAVOUR INT'L: Lonestar No Longer a Shareholder
ENERGY FUTURE: Seeks to Pay $750-Mil. to Repay Second Lien Notes
ENGLOBAL CORP: NGP Energy Discloses 8.3% Stake as of Dec. 31
ERF WIRELESS: Issues 38.4 Million Common Shares

EURAMAX INTERNATIONAL: Amends Secured Revolving Credit Facility
EXELIXIS INC: FMR LLC Reports 8.4% Stake as of Dec. 31
EXELIXIS INC: T. Rowe Price Reports 9.5% Stake as of Dec. 31
EXIDE TECHNOLOGIES: JPMorgan Pushes Back Plan Approval Date
FEDERAL RESOURCES: Court OKs Consolidation of Chapter 11 Cases

FEDERAL RESOURCES: Taps Murphy Armstrong to Handle Idaho Lawsuit
FEDERAL-MOGUL: Statute of Limitations Bars Fed-Mogul Trust Suit
FIRST WIND: S&P Withdraws 'B-' ICR After Debt Pay-Off
FRED FULLER: U.S. Trustee Forms Creditors' Committee
FREEDOM INDUSTRIES: Two Ex-Officials to Plead Guilty in Spill Case

GELTECH SOLUTIONS: Reports $1.18-Mil. Net Loss in Dec. 31 Quarter
GOOD SHEPHERD: Moody's Assigns Ba3/SG Rating to $88MM 2015A Bonds
GORDIAN MEDICAL: Hearing on Plan Outline Continued Until March 4
GREEN AUTOMOTIVE: IGP No Longer a Shareholder as of Jan. 22
GREEN EARTH: Reports $624,000 Net Loss for Second Quarter

GT ADVANCED: Wins More Time to Exit Bankruptcy Protection
HEI INC: Holds Auction, Brings in $4.44 Million in Sales
HILAND PARTNERS: S&P Raises Corp. Credit Rating From 'B'
HIPCRICKET INC: Slated for Feb. 25 Auction If Competing Bids Emerge
IDERA PHARMACEUTICALS: Offering Common Shares at $3.75 Apiece

INT'L FOREIGN EXCHANGE: Files Supplement to Liquidating Plan
INT'L MANUFACTURING: Creditors Committee Down to 3 Members
INT'L MANUFACTURING: Trustee Can Expand Diamond McCarthy Work
INTELLIPHARMACEUTICS INT'L: Tekla Capital Reports 9% Stake
ISC8 INC: Can Access Cash Collateral; Sale Hearing on Feb. 19

IVANHOE ENERGY: Receives Default Notice From BNY Mellon
IZEA INC: Frost Gamma No Longer a Shareholder as of Dec. 31
LAKESIDE 370: Court Determines Eligiblity as Chapter 9 Debtor
LAKESIDE 370: March 10 Hearing on Confirmation of Chapter 9 Plan
LBI MEDIA: S&P Raises CCR to 'CCC' Following Distressed Exchange

LORILLARD INC: FMR LLC Reports 7.1% Stake as of Dec. 31
MARYMOUNT UNIVERSITY: Moody's Rates $70MM Series 2015A Bonds 'Ba1'
MAUI LAND: ValueWorks Reports 6.6% Stake as of Dec. 31
MCCLATCHY CO: Lonestar No Longer 5% Owner as of Dec. 31
MCGRAW REALTY: Voluntary Chapter 11 Case Summary

MERRIMACK PHARMACEUTICALS: FMR Reports 14.9% Stake as of Dec. 31
MERRIMACK PHARMACEUTICALS: OKs $720K in 2014 Executive Bonuses
MERRIMACK PHARMACEUTICALS: SANOFI Reports 2.9% Stake as of Feb. 5
MI PUEBLO LATIN: Case Summary & 20 Largest Unsecured Creditors
MICROVISION INC: Capital Ventures Reports 3.4% Stake as of Dec. 31

MILLER AUTO: Feb. 24 Hearing on Revision of KRCL's Compensation
MONARCH COMMUNITY: Banc Fund VIII Reports 9.8% Stake as of Dec. 31
MUSCLEPHARM CORP: Phillip Frost Reports 3.5% Stake as of Dec. 31
NANOSPHERE INC: Deloitte & Touche Expresses Going Concern Doubt
NATROL INC: Proposes B. Scher as Independent Director

NATURAL MOLECULAR: Mintz Levin Relieved as Special Counsel
NATURAL MOLECULAR: Panel Reserves Rights on Mintz Lein Fees
NAVISTAR INTERNATIONAL: To Present at 2015 Barclays Conference
NEONODE INC: Capital Ventures Reports 4.9% Stake as of Dec. 31
NEONODE INC: Columbus Capital Reports 5.3% Stake as of Dec. 31

NEONODE INC: FMR LLC Reports 13.7% Stake as of Dec. 31
NEW LOUISIANA: Wants Exclusive Plan Filing Deadline Moved to Mar 31
NNN 1818 MARKET: Proposes to Hire Smaha Law Group as Counsel
NORTEL NETWORKS: Amends Ernst & Young Agreement for 10th Time
NORTEL NETWORKS: Karen Keller Named Discovery Mediator

NORTH TOLEDO GRAPHICS: Case Summary & 20 Top Unsecured Creditors
NORTHEAST WIND: S&P Withdraws 'B+' CCR After Debt Pay-Down
NPS PHARMACEUTICALS: FMR LLC Reports 14.9% Stake as of Dec. 31
NSB ADVISORS: To Go Up for Auction on March 12
ORBITAL ATK: Fitch Affirms 'BB+' Issuer Default Rating

ORBITZ WORLDWIDE: S&P Puts 'B+' CCR on CreditWatch Positive
ORCKIT COMMUNICATIONS: Cancels Extraordinary Meeting
PACIFIC SANDS: Reports $218,000 Net Loss for Second Quarter
PARADIGM EAST HANOVER: Taps Team Resources as Real Estate Broker
PARK FLETCHER: Voluntary Chapter 11 Case Summary

PAYLESS INC: S&P Revises Outlook to Stable & Affirms 'B' CCR
PEOPLE'S COMMUNITY: Files for Ch 11, Aims to Relaunch Clinics
PETRON ENERGY: PE Asset Reports 9.9% Stake as of Sept. 3
PHOTOMEDEX INC: LSV Asset Reports 4.48% Stake as of Dec. 31
PIER 1 IMPORTS: Revised FY 2015 Guidance No Impact on Moody's CFR

PINETREE CAPITAL: Enters Into Forbearance Agreement
PLUG POWER: Capital Ventures Cuts Stake to 2.3% as of Dec. 31
QUANTUM FUEL: Capital Ventures Reports 3.9% Stake as of Dec. 31
RADIOSHACK CORP: Court Issues Joint Administration Order
RADIOSHACK CORP: Has Interim Approval of Equity Trading Protocol

RADIOSHACK CORP: Laid Off Workers May Have to Wait to Get Paid
RADIOSHACK CORP: Proposes Up to $3MM in Bankruptcy Bonuses
RADIOSHACK CORP: Store Closures to Occur in Three Waves
RADIOSHACK CORP: U.S. Trustee Names 7 Members to Creditors' Panel
RECYCLE SOLUTIONS: Stay Terminated as to Wells Fargo's Collateral

REGENT PARK CAPITAL: Amends Top Unsecured Creditors List
RITE AID: Fitch Affirms 'B' Issuer Default Rating; Outlook Positive
ROADRUNNER ENTERPRISES: Seeks Authority to Use Cash Collateral
SAGAROSE STAR: Case Summary & Largest Unsecured Creditor
SEARS METHODIST: Tyler Gets Green Light for Asset Sale

SEQUENOM INC: Camber Capital Reports 7.4% Stake as of Dec. 31
SHOTWELL LANDFILL: OK'd to Make $2,250 Adequate Protection Payment
ST JOSEPH'S COLLEGE: Moody's Cuts Series 2010 Bond Ratings to Ba1
STARR PASS: April 13 Hearing on Approval of Plan Outline
STEREOTAXIS INC: DAFNA Capital Reports 6% Stake as of Dec. 31

STERIGENICS HOLDINGS: NRU Reactor Extn. No Impact on Moody's B2 CFR
TECHNIPLAS LLC: S&P Affirms 'B' CCR then Withdraws Rating
TEXOMA PEANUT: Court Enters Amended Sale Order
TRANS-LUX CORP: Bard Associates Reports 6.1% Stake at Dec. 31
TRANSGENOMIC INC: FMR LLC Reports 3% Stake as of Dec. 31

TRANSGENOMIC INC: Kevin Douglas Reports 12.9% Stake as of Dec. 31
TRIGEANT HOLDINGS: Taps Navigant as Data Consultants
TRUMP ENTERTAINMENT: Icahn to Lend Additional $13.5-Mil.
ULTIMATE NUTRITION: UST Notes of Farmington Dispute
UNI-PIXEL INC: G1 Execution Reports 2.5% Stake as of Dec. 31

UPPER VALLEY: Court Enters Final Decree Closing Chapter 11 Case
US CAPITAL: Fashion Mall to Be Auctioned in March
UTSTARCOM HOLDINGS: DASAN Reports 5.1% of Shares as of Dec. 31
VARIANT HOLDING: Seeks Aug. 25 Extension of Plan Filing Period
VECTOR ARMS: Utah Gun Maker Files for Bankruptcy

VELATEL GLOBAL: IGP No Longer a 5% Owner as of Jan. 22
VISUALANT, INC: Reports $3.16-Mil. Net Loss in Dec. 31 Quarter
VUZIX CORP: LC Capital No Longer Owns Shares as of Dec. 31
WALKER LAND: Files Modifications to Second Amended Plan
WAYNE CHARTER: S&P Lowers Rating on GO Bonds to 'BB+'

XCCENT INC: Case Summary & 20 Largest Unsecured Creditors
XTREME POWER: Judge to Confirm Ch. 11 Liquidating Plan
YRC WORLDWIDE: Solus Alternative No Longer a Shareholder
ZOGENIX INC: Visium No Longer Owns Shares
[*] Judge Steven Rhodes to Retire on Feb. 18

[*] State Rep. Ron Sandack Files Bill to Allow Chapter 9 for Cities
[^] Large Companies With Insolvent Balance Sheet

                            *********

ACG CREDIT: Disputes DuffyAmedeo's Bid to Withdraw as Counsel
-------------------------------------------------------------
ACG Credit Company II, LLC, filed a reservation of rights to raise
any issue with regard to the statements and assertions to the
motion of DuffyAmedeo LLP to withdraw as its counsel.

The Debtor stated that it disagrees with, and disputes, certain of
the statements and assertions made by DA in its motion.

As reported in the Troubled Company Reporter on Jan. 21, 2015,
DuffyAmedeo has filed a motion seeking court approval to withdraw
as legal counsel of the Debtor.  In its motion, DuffyAmedeo cited
as reason for its withdrawal the company's failure to pay its fees
despite repeated requests from the law firm.  DuffyAmedeo claims it
is owed $73,750 in fees.

                          *     *     *

In a separate filing, the Court will convene a hearing on
March 11, 2015, at 10:00 a.m., to consider the motion to dismiss
the Chapter 11 case of the Debtor, or in the alternative, convert
the case to one under Chapter 7 of the Bankruptcy Code.
Objections, if any, are due March 3.  The motion to dismiss/convert
was filed by the U.S. Trustee.

                  About ACG Credit Company II

New York-based ACG Credit Company II, LLC, filed a Chapter 11
bankruptcy petition (Bankr. D. Del. Case No. 14-11500) on June 17,
2014.  The Debtor estimated $10 million to $50 million in assets
and $1 million to $10 million in liabilities.  Gellert Scali
Busenkell & Brown, LLC, serves as the Debtor's counsel.



AEOLUS PHARMACEUTICALS: Incurs $698,000 Net Loss in Dec. 31 Qtr.
----------------------------------------------------------------
Aeolus Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $698,000 on $925,000 of contract revenue for the three
months ended Dec. 31, 2014, compared to a net loss of $695,000 on
$793,000 of contract revenue for the same period in 2013.

For the year ended Dec. 31, 2014, the Company had $2.78 million in
total assets, $1.70 million in total liabilities and $1.07 million
in total stockholders' equity.

The Company had cash and cash equivalents of $447,000 on Dec. 31,
2014, and $1.52 million on Sept. 30, 2014.  The decrease in cash
was primarily due to cash used in operating activities.

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

                        http://is.gd/Nt8ZZx

                  About Aeolus Pharmaceuticals

Mission Viejo, California-based Aeolus Pharmaceuticals, Inc., is a
Southern California-based biopharmaceutical company leveraging
significant government investment to develop a platform of novel
compounds in oncology and biodefense.  The platform consists of
over 200 compounds licensed from Duke University and National
Jewish Health.

The Company's lead compound, AEOL 10150, is being developed as a
medical countermeasure ("MCM") against the pulmonary sub-syndrome
of acute radiation syndrome ("Pulmonary Acute Radiation Syndrome"
or "Lung-ARS") as well as the gastrointestinal sub-syndrome of
acute radiation syndrome ("GI-ARS").  Both syndromes are caused by
acute exposure to high levels of radiation due to a radiological
or nuclear event.  It is also being developed for use as a MCM for
exposure to chemical vesicants such as chlorine gas, sulfur
mustard gas and nerve agents.

Aeolus Pharmaceuticals reported a net loss of $80,000 for the
fiscal year ended Sept. 30, 2014, compared to a net loss of $3.21
million for the fiscal year ended Sept. 30, 2013.

Grant Thornton LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Sept. 30, 2014.  The independent auditors noted
that the Company has incurred recurring losses and negative cash
flows from operations, and management believes the Company does
not currently possess sufficient working capital to fund its
operations through fiscal 2014.  These conditions, among other
things, raise substantial doubt about the Company's ability to
continue as a going concern.


ALSIP ACQUISITION: Assets Sold to Paper Mill for $8.2-Mil.
----------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware authorized Alsip Acquisition, LLC, et al., to sell
their idled paper mill in Illinois to Paper Mill Acquisition, LLC,
who was determined the best bidder at an auction held on on Jan. 7,
2015.

According to Bill Rochelle and Sherri Toub, bankruptcy columnists
for Bloomberg News, Paper Mill, which is affiliated with Corrugated
Supplies Co., offered about $8.2 million.  The sale-approval order
provides that Alsip will pay all proceeds, net of $250,000 in bid
protections owed to Resolute, directly to Wells Fargo.

Ecosynthetix Ltd. and the Debtors are parties to an agreement
pursuant to which ECO agreed to sell to Alsip and Alsip agreed to
purchase from ECO certain product, EcoSphere(R) Biolatex(R) binder
2240 and ECO designed, constructed, delivered, and installed at the
Alsip Facility certain bulk bag unloading equipment to be used by
Alsip in connection with the ECO Product.  The Court authorized the
Debtors to abandon any interest they may have in the ECO System as
it is of inconsequential value to the estate given that ECO asserts
it owns the ECO System.

                     About Alsip Acquisition

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

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

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

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

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


AMERICAN AXLE: Vanguard Group Reports 5.5% Stake as of Dec. 31
--------------------------------------------------------------
The Vanguard Group disclosed in a Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of Dec. 31, 2014, it
beneficially owned 4,183,443 shares of common stock of American
Axle & Manufacturing Holdings Inc. representing 5.52 percent of the
shares outstanding.

Vanguard Fiduciary Trust Company, a wholly-owned subsidiary of The
Vanguard Group, is the beneficial owner of 88,358 shares or .11% of
the Common Stock outstanding of the Company as a result of its
serving as investment manager of collective trust accounts.

Vanguard Investments Australia, Ltd., a wholly-owned subsidiary of
The Vanguard Group, is the beneficial owner of 6,100 shares or
0% of the Common Stock outstanding of the Company as a result of
its serving as investment manager of Australian investment
offerings.

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

                        http://is.gd/aAudHZ

                        About American Axle

Headquartered in Detroit, Michigan, American Axle & Manufacturing
Holdings Inc. (NYSE: AXL) -- http://www.aam.com/-- manufactures,
engineers, designs and validates driveline and drivetrain systems
and related components and chassis modules for light trucks, sport
utility vehicles, passenger cars, crossover vehicles and
commercial vehicles.

As of Sept. 30, 2014, the Company had $3.22 billion in total
assets, $3.05 billion in total liabilities and $169 million in
stockholders' equity.

                           *     *     *

In September 2012, Moody's Investors Service affirmed the 'B1'
Corporate Family Rating (CFR) and Probability of Default Rating
(PDR) of American Axle.

American Axle carries a 'BB-' corporate credit rating from
Standard & Poor's Ratings Services.  "The 'BB-' corporate credit
rating on American Axle reflects the company's 'weak' business
risk profile and 'aggressive' financial risk profile, which
incorporate substantial exposure to the highly cyclical light-
vehicle market," S&P said, as reported by the TCR on Sept. 6,
2012.

As reported by the TCR on Sept. 1, 2014, Fitch Ratings had
upgraded the Issuer Default Ratings (IDRs) of American Axle &
Manufacturing Holdings, Inc. (AXL) and its American Axle &
Manufacturing, Inc. (AAM) subsidiary to 'BB-' from 'B+'.  The
upgrade of the IDRs for AXL and AAM is supported by the
fundamental improvement in the drivetrain and driveline supplier's
credit profile over the past several years.


AMERICAN SPECTRUM: Involuntary Chapter 11 Case Summary
------------------------------------------------------
Alleged Debtor: American Spectrum Realty Inc.
                19100 Von Karman Ave Ste 900
                Irvine, CA 92612

Case Number: 15-10721

Involuntary Chapter 11 Petition Date: February 13, 2015

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

Judge: Hon. Scott C Clarkson

Petitioners' Counsel: James C Bastian, Jr., Esq.
                      SHULMAN HODGES & BASTIAN LLP
                      100 Spectrum Ctr Dr Ste 600
                      Irvine, CA 92618
                      Tel: 949-340-3400

                        - and -

                      Melissa Davis Lowe, Esq.
                      100 Spectrum Ctr Dr Ste 600
                      Irvine, CA 92618
                      Tel: 949-340-3400
                      Fax: 949-340-3000
                      Email: mdavis@shbllp.com

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
D&A Daily Mortgage Fund III, LP                   $1,251,043*
Joseph P Kelly
Dunham & Assoc Invest Counsel Inc
10251 Vista Sorrento Pkwy Ste 200
San Diego, CA 92121

D&A Semi-Annual Mortgage Fund                     $6,462,279*
III, L P  
Joseph P Kelly
Dunham & Assoc Invest Counsel Inc
10251 Vista Sorrento Pkwy Ste 200
San Diego, CA 92121

D&A Intermediate-Term Mortgage                   $12,357,919*
Fund III, L P
Joseph P Kelly
Dunham & Assoc Invest Counsel Inc
10251 Vista Sorrento Pkwy Ste 200
San Diego, CA 92121

*Sums owed under an Amended and Restated Articles Supplementary  
for 8% Cumulative Preferred Stock, Series B of American Spectrum
Realty, Inc.


AP-LONG BEACH: Stipulation on Continued Cash Use Approved
---------------------------------------------------------
The U.S. Bankruptcy Court approved (i) a stipulation between
AP-Long Beach Airport LLC and U.S. Bank National Association
relating to the relief from automatic stay; and (ii) agreement with
U.S.
Bank permitting the receiver to continue in possession, and excuse
compliance with Section 543 of the Bankruptcy Code for use of cash
collateral, to assume contracts and leases.

The receiver is authorized to use cash collateral of Bank for
the fees and expenses of the receivership to which Bank consents
and which are authorized by the receiver order.

The Court also ordered that the Bank is granted is immediate relief
from the automatic stay so as to enforce all of their
rights and remedies in and to the Bank collateral -- certain
real property located in the City of Long Beach, County of
Los Angeles, State of California.

On Jan. 2, 2015, the Court entered an interim order granting, in
part, the Debtor's motion for (i) approval of continued appointment
of receiver over Long Beach property, and(ii) authority to use cash
collateral.

The Court denied the Debtor's request that the requirement that the
Debtor close existing bank accounts and open new
debtor-in-possession accounts is waived.

               Omnibus Reply to First Day Motions

In the Debtor's omnibus reply to the objection of the Peter
Anderson, the U.S. Trustee for Region 16, to certain of the
Debtor's first day motions, the Debtor said that, among other
things:

   1. It notified the Court of the withdrawal of the mechanic lien
motion without prejudice resolving the U.S. Trustee's objection to
the motion;

   2. The receivership will likely be resolved no later than March
or April 2015, by which time, U.S. Bank will have been paid thought
a refinancing or will have foreclosed on the property.  The U.S.
Trustee objected to the Debtor's motion for approval of the
continued appointment of receiver over Long Beach Property.

   3.  The Debtor related that the global resolution among the
Debtor and U.S. Bank also benefits all unsecured creditors as the
Debtor has been advised by U.S. Bank that, in the event the U.S.
Bank motion is approved, including stipulation between the Debtor
and U.S. Bank, U.S. Bank will consent to the use of cash collateral
for payment of non-insider unsecured creditors in the amount of
$141,440 and funds in that amount held by the receiver will be
irrevocable committee for that purpose.

As reported in the TCR on Jan. 2, 2015, the U.S. Trustee and Bank
of America, N.A., lender to the Debtor's owner, balk at the
Debtor's request for authority to use cash collateral securing its
prepetition indebtedness to U.S. Bank, National Association.

The Debtor is the borrower under a construction loan agreement
with U.S. Bank in the principal amount of $37.8 million.  As of
the Petition Date, the Debtor owed $33.7 million plus unpaid
interest and fees under the loan.

The Debtor, in addition to seeking authority to use U.S. Bank's
cash collateral, is also seeking approval of a stipulation, which
provides for the lifting of the automatic stay to enable U.S. Bank
to foreclose upon the commercial property located at 3205 Lakewood
Boulevard, in Long Beach, California.  U.S. Bank, however, agreed
to forbear from the foreclosure provided that certain requirements
relating to the repayment of the U.S. Bank Loan are satisfied on
or before March 1, 2015.  The Debtor and U.S. Bank agreed that if
the U.S. Bank Loan has not been repaid by March 1, 2015, the
Debtor consents to allow U.S. Bank to proceed with its non-
judicial foreclosure sale.

The U.S. Trustee complained that the stipulation between the Debtor
and U.S. Bank contain clauses that exceed the scope of the
stipulating parties and therefore, the clauses need to be removed
or rewritten before the stipulation can be approved.
Specifically, the U.S. Trustee points out that, without the
benefit of the schedules of assets and liabilities, a section in
the stipulation authorizes a "super-priority" administrative claim
in a vacuum.  The section, according to the U.S. Trustee,
completely ignores the rights for the U.S. Trustee for claims for
quarterly fees.

Moreover, the U.S. Trustee objects to the Debtor's request for the
Court to excuse the receiver's compliance with Section 543 of the
Bankruptcy Code on a final basis.  The U.S. Trustee opposes the
request that the receiver be excused from turnover under Section
543 until all issues relating to the Debtor's bankruptcy case are
fully resolved.

BofA told the Court that it does not oppose to the U.S. Bank
Motion or the approval of the U.S. Bank Stipulation, but it filed
a statement of position to indicate that in the event the Debtor
does sell or refinance the Long Beach Property, it is entitled to
a portion of the sale proceeds pursuant to the Distribution
Agreement entered into between Abbey-Properties II, LLC, and BofA
dated Feb. 3, 2012.  According to BofA, AP II LLC is the sole
owner of all of the membership interests in the Debtor, and
pursuant to the Distribution Agreement, AP II, LLC, has agreed
that in the event of a sale of the Long Beach Property, AP II LLC
will cause sale proceeds to be distributed to pay BofA the amount
specified in the Distribution Agreement, or in the event of a
refinance of the Long Beach Property, provided certain conditions
occur, AP II LLC will place certain proceeds from the refinance
into a pledged account with BofA.

                        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.

The Debtor disclosed $44,638,372 in assets and $34,812,495 in
liabilities as of the Chapter 11 filing.



APPLIED MINERALS: James Berylson Reports 7% Stake as of Dec. 31
---------------------------------------------------------------
James Berylson disclosed in an amended Schedule 13G filed with the
U.S. Securities and Exchange Commission that as of Dec. 31, 2014,
he beneficially owned 6,893,170 shares of common stock of Applied
Minerals representing 7 percent of the shares outstanding.  
Berylson Master Fund, LP and Berylson Capital Partners, LLC, also
owned 5,620,170 common shares as of that date.

Based upon the statement in the Issuer's quarterly report on Form
10-Q, as filed with the SEC on Sept. 30, 2014, there were
95,030,371 outstanding shares of Common Stock of the Issuer as of
Nov. 1, 2014.

A copy of the regulatory filing is available at:

                       http://is.gd/q3jHNm

                      About Applied Minerals

New York City-based Applied Minerals, Inc. (OTC BB: AMNL) is a
leading global producer of halloysite clay used in the development
of advanced polymer, catalytic, environmental remediation, and
controlled release applications.  The Company operates the Dragon
Mine located in Juab County, Utah, the only commercial source of
halloysite clay in the western hemisphere.  Halloysite is an
aluminosilicate clay that forms naturally occurring nanotubes.

Applied Minerals incurred a net loss of $13.06 million in 2013, a
net loss of of $9.73 million in 2012 and a net loss of $7.43
million in 2011.

As of Sept. 30, 2014, Applied Minerals had $9.04 million in total
assets, $12.5 million in total liabilities and a $3.44 million
total stockholders' deficiency.

                        Bankruptcy Warning

"The Company has had to rely mainly on the proceeds from the sale
of stock and convertible debt to fund its operations.  If the
Company is unable to fund its operations through the
commercialization of its minerals at the Dragon Mine, there is no
assurance that it will be able to raise funds through the sale of
equity or debt.  If so, it may have to file bankruptcy," according
to the Company's 2013 Annual Report filed with the U.S.
Securities and Exchange Commission.


ASK INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: ASK Industries, Inc.
        P.O. Box 2080
        Fort worth, TX 76113

Case No.: 15-40655

Chapter 11 Petition Date: February 14, 2015

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

Judge: Hon. Russell F. Nelms

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

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Scott Wilson, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txnb15-40655.pdf


ATLANTIC CITY, NJ: With Less Competition, Casinos Doing Better
--------------------------------------------------------------
The Associated Press reported that less competition is starting to
help the eight casinos that survived Atlantic City's Great Casino
Contraction of 2014.  Revenue in January at the city's remaining
casinos was up nearly 19% compared to a year ago, the report
related.

                      *     *     *

The Troubled Company Reporter, on Jan. 23, 2015, citing the
Associated Press reported that New Jersey Gov. Chris Christie
named
an emergency manager for Atlantic City, leaving the door open for
the seaside gambling resort to file for bankruptcy if it can't get
its finances under control.  The Republican governor and likely
presidential candidate appointed a corporate turnaround specialist
as the city's emergency manager, and tabbed the man who led
Detroit
through its municipal bankruptcy as his assistant, the AP said.

On Jan. 29, the TCR reported that Standard & Poor's Ratings
Services has lowered its general obligation rating on Atlantic
City, N.J., four notches to 'BB' from 'BBB+' and placed it on
CreditWatch with negative implications.

The day before, the TCR reported that Moody's Investors Service
has
downgraded Atlantic City's GO debt to Caa1 with a negative outlook
from Ba1, and on Jan. 27, the TCR said Moody's has downgraded
Atlantic City Municipal Utilities Authority's (NJ) water revenue
debt to B2 from Ba1, and assigned a negative outlook.


ATLS ACQUISITION: Creditors' Committee Can Sue Managers
-------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that a bankruptcy judge in Delaware permitted the
Official Committee of Unsecured Creditors of ATLS Acquisition LLC,
to sue management on behalf of the company.

According to the report, in its standing request, the committee
said the claims to void the agreements and the company's alleged
obligations under them will probably have substantial value for the
estate, the report related.

As previously reported by The Troubled Company Reporter, following
an investigation of potential claims, the committee said there's a
valid claim against members of management to void their employment
agreements as fraudulent transfers.  The panel said the insiders
approved their own "generous" employment contracts with a "bit of
sham window dressing" to make them look arms' length and then,
after the Chapter 11 filing, reinstated their own salaries in full
while keeping pay cuts in place for everyone else, the report
added.

                      About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D.
Del.
Lead Case No. 13-10262) on Feb. 15, 2013, just less than three
months after a management buy-out and amid a notice by the lender
who financed the transaction that it's exercising an option to
acquire the business.

Liberty has been in business for 22 years serving the needs of
both
type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

Dennis A. Meloro, Esq., at Greenberg Traurig, LLP, serves as the
Debtor's counsel; Ernst & Young LLP to provide investment banking
advice; and Epiq Bankruptcy Solutions, LLC, as claims and noticing
agent for the Clerk of the Bankruptcy Court.

An official committee of unsecured creditors has been appointed in
the case and consists of LifeScan, Inc., Abbott Laboratories, and
Teva Pharmaceuticals USA, Inc.  They are represented by Joseph H.
Huston Jr., Esq., Maria Aprile Sawczuk, Esq., and Camille C. Bent,
Esq., of Stevens & Lee P.C. as well as Bruce Buechler, Esq., S.
Jason Teele, Esq., and Nicole Stefanelli, Esq. of Lowenstein
Sandler LLP.  The Committee has tapped Mesirow Financial
Consulting, LLC, as financial advisors.

                           *     *     *

ATLS Acquisition, LLC, et al., have filed with the U.S. Bankruptcy
Court for the District of Delaware a joint plan of reorganization
and an accompanying disclosure statement, which propose to fund a
liquidating trust with proceeds from the sale of the Debtors'
assets.  A full-text copy of the Disclosure Statement dated Aug.
15, 2014, is available at http://is.gd/aLMnQP   

In November 2014, the Debtor received the green light from the
Bankruptcy Court for its $68.5 million sale to an investment group
led by private equity firm Palm Beach Capital.  The auction for
the
assets boosted the purchase price by more than $20 million.


BALANCE FOODS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Balance Foods, Inc.
        15251 Barranca Parkway
        Irvine, CA 92618

Case No.: 15-10710

Chapter 11 Petition Date: February 13, 2015

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

Judge: Hon. Scott C Clarkson

Debtor's Counsel: Michael G Spector, Esq.
                  LAW OFFICES OF MICHAEL G. SPECTOR
                  2677 N Main St Ste. 910
                  Santa Ana, CA 92705
                  Tel: 714-835-3130
                  Fax: 714-558-7435
                  Email: mgspector@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities:  $1 million to $10 million

The petition was signed by Florencio X G-Cuetara, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb15-10710.pdf


BAPTIST HOME: Needs More Time to Work Toward Consensual Plan
------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that although Deer Meadows Retirement Community has
already paid unsecured creditors half of what they're owed, the
Philadelphia senior-care facility is still seeking a third
extension of its exclusive right to propose a Chapter 11 plan.

According to the report, if approved by the court at a March 18
hearing, the new plan deadline will be March 11.  Deer Meadows said
it will use the extra time for talks with the unsecured committee
on a "hopefully" consensual plan, the report related.

              About The Baptist Home of Philadelphia

The Baptist Home of Philadelphia and The Baptist Home Foundation
sought Chapter 11 protection (Bankr. E.D. Pa. Case Nos. 14-13305
and 14-13306) in Philadelphia on April 25, 2014.

Baptist Home of Philadelphia is a Pennsylvania nonprofit
corporation that owns and operates a continuing care retirement
community known as "Deer Meadows Retirement Community", which is
located at 8301 Roosevelt Boulevard, Philadelphia, Pennsylvania.  
Home offers 126 living accommodations, which vary in size, for
independent living and personal care.  It presently also has 206
skilled nursing beds in the nursing and rehabilitation center that

offers short and long term care.  It has 369 employees.

Baptist Home of Philadelphia disclosed $37.3 million in assets and

$34.6 million in liabilities as of the Chapter 11 filing.

The Debtors have tapped Cozen O'Connor as counsel and KPMG
Corporate Finance LLC as financial advisor and investment banker.

The U.S. Trustee appointed Wilmarie Gonzalez as patient care
ombudsman.

U.S. Bank National Association, the trustee with regard to the
secured bond indebtedness, hired Reed Smith LLP as counsel and
CohnReznick LLP as financial advisor.

Pepper Hamilton LLP represents the Official Committee of Unsecured

Creditors.


BG MEDICINE: Capital Ventures No Longer a Shareholder
-----------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Capital Ventures International and Heights
Capital Management, Inc., disclosed that they ceased to own shares
of common stock of BG Medicine, Inc., as of Dec. 31, 2014.  The
reporting persons previously held 2,550,000 common shares or 7.4
percent equity stake at April 3, 2014.  A copy of the regulatory
filing is available at http://is.gd/UzZCwj

                         About BG Medicine

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

BG Medicine reported a net loss of $15.84 million on $4.07 million
of total revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $23.8 million on $2.81 million of total
revenues during the prior year.  The Company's balance sheet at
June 30, 2014, showed $11.24 million in total assets, $7.25
million in total liabilities and $3.98 million in total
stockholders' equity.

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


BIG M, INC: U.S. Trustee Withdraws Bid for Case Conversion
----------------------------------------------------------
Andrew R. Vara, Acting U.S. Trustee for Region 3, has withdrawn his
motion for an order converting the Chapter 11 case of Big M Inc.,
to one under Chapter 7 of the Bankruptcy Code, or in the
alternative dismiss the case.

                         About Big M, Inc.

Totowa, New Jersey-based Big M, Inc., filed a Chapter 11 petition
(Bankr. D.N.J. Case No. 13-10233) on Jan. 6, 2013, with Salus
Capital Partners, LLC, funding the Chapter 11 effort.  Judge
Donald H. Steckroth presides over the case.

At the time of the bankruptcy filing, Big M was the owner of
Mandee, Annie sez, and Afazxe Stores.  The Mandee brand is a
juniors fashion retailer with 84 stores in Illinois and along the
East Coast. Annie sez is a discount department-store retailer for
women with 35 stores. Afaze is 10-store jewelry and accessory
chain.

Kenneth A. Rosen, Esq., at Lowenstein Sandler LLP, in Roseland,
serves as counsel to the Debtor.  PricewaterhouseCoopers LLP has
been tapped to serve as financial advisor.  GRL Capital Advisors
LLC's Glenn R. Langberg has been hired to serve as chief
restructuring officer.

Attorneys at Becker Meisel LLC serve the Debtor as conflicts
counsel.

The Debtor disclosed $21.4 million in assets and $21.4 million in
liabilities as of the Chapter 11 filing.

The Official Committee of Unsecured Creditors has tapped Cooley
Godward Kroish, LLP, as its counsel, and CBIZ Accounting, Tax and
Advisory of New York, LLC and CBIZ Mergers & Acquisitions Group as
its financial advisor.

In mid-2013, the Bankruptcy Court authorized the Debtor to sell
substantially all of its assets to YM LLC USA, formerly known as
YM Inc USA.



BION ENVIRONMENTAL: Moving Forward with Sustainable Brand
---------------------------------------------------------
Bion Environmental Technologies, Inc., has retained a former United
States Department of Agriculture auditor and current quality
management system consultant to assist Bion with the development of
its application for acceptance into USDA's Process Verified
Program.  The USDA PVP provides companies that supply agricultural
products or services the opportunity to assure customers of their
ability to provide consistent quality products or services.  

In November 2014, the Global Roundtable of Sustainable Beef held a
summit meeting in Sao Paolo, Brazil, where leadership (including
McDonalds, JBS, Cargill, and others) established five principles
for sustainable beef production, covering a wide variety of issues
from environmental impact to animal health and food safety.  Both
McDonalds and Walmart, two of the largest distributors of meat and
dairy products in the world, have recently announced initiatives
focused on environmental sustainability.

Bion's PVP application is designed to secure a sustainable brand
based on actual measurable standards and how they relate to
environmental impacts, animal health and food safety.  Bion's
'sustainable branding certification strategy' will convey standards
to the consumer related to environmental sustainability, such as
pathogen reduction, water reuse, nutrient recovery and recycling,
and the reduction of odor and greenhouse gases such as methane and
nitrous oxide to the atmosphere.  The same technology and onsite
monitoring system that provides the data to generate verified
nutrient credits is utilized to document the claims for the
environmental sustainability branding initiative.

According to Mark Smith, president of Bion, "Bion's objective is to
give our producer partners the ability to provide the consumer with
the assurance of real measurable standards under which their food
was produced."

Producers implementing Bion's technology will be licensed by Bion
to use Bion's PVP certification on their livestock food products.
With this seal, Bion can position its industry partners as
providers of choice for buyers of sustainably-produced
animal-protein products.

Bion's technology-centric approach provides the additional
financial and environmental benefits of producing valuable
by-products, such as organic fertilizers and animal-feed additives.
Ultimately, Bion's technology can be incorporated with other
established PVP programs such as 'no added hormones', 'raised with
care', as well as 'age and source' verified.

                      About Bion Environmental

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

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

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

The Company's balance sheet at Sept. 30, 2014, showed
$4.28 million in total assets, $12.4 million in total
liabilities, $23,900 in series B redeemable convertible preferred
stock, and a total deficit of $8.13 million.


BION ENVIRONMENTAL: Posts $664K Net Loss for Fourth Quarter
-----------------------------------------------------------
Bion Environmental Technologies, Inc., filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q, disclosing a net loss of $665,000 on $nil of revenue for the
three months ended Dec. 31, 2014, compared with a net loss of
$739,000 on $nil of revenue for the same period in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $4.07 million
in total assets, $12.75 million in total liabilities, $24,400 in
series B Redeemable Convertible Preferred stock and total
stockholders' deficit of $8.77 million.

The Company has not generated significant revenues and has incurred
net losses (including significant non-cash expenses) of
approximately $5.76 million and $8.25 million during the years
ended June 30, 2014 and 2013, respectively, and a net loss of $1.37
million for the six months ended Dec. 31, 2014.  At Dec. 31, 2014,
the Company has a working capital deficit of $12.7 million.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.   
A copy of the Form 10-Q is available at:

                       http://is.gd/eadZww

                     About Bion Environmental

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

The Company reported a net loss of $705,800 on $nil of revenue for
the three months ended Sept. 30, 2014, compared with a net loss of
$1.5 million on $nil of revenue for the same period in the prior
year.

The Company's balance sheet at Sept. 30, 2014, showed $4.28 million
in total assets, $12.4 million in total liabilities, $23,900 in
series B redeemable convertible preferred stock, and a total
deficit of $8.13 million.



BLY-HOLLAND LAND: Case Summary & 10 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Bly-Holland Land Company, LLC
        317 30th Street
        Virginia Beach, VA 23451

Case No.: 15-70468

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 13, 2015

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

Judge: Hon. Frank J. Santoro

Debtor's Counsel: Joseph T. Liberatore, Esq.
                  CROWLEY, LIBERATORE, RYAN & BROGAN, P.C.
                  Town Point Center, Suite 300
                  150 Boush Street
                  Norfolk, VA 23510
                  Tel: 757-333-4500
                  Fax: 757-333-4501
                  Email: jliberatore@clrbfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Donald Bly, managing officer.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/vaeb15-70468.pdf


BMB MUNAI: Posts $41,700 Net Income in Dec. 31 Quarter
------------------------------------------------------
BMB Munai, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $41,700 on $0 of revenues for the three months ended Dec. 31,
2014, compared to a net loss of $390,000 on $0 of revenues for the
same period in 2013.

For the nine months ended Dec. 31, 2014, the Company reported a net
loss of $1,252 on $0 of revenues compared to a net loss of $1.53
million on $0 of revenues for the same period a year ago.

As of Dec. 31, 2014, the Company had $8.63 million in total assets,
$8.65 million in total liabilities, all current and a $20,500 total
shareholders' deficit.

"The Company does not anticipate generating revenue unless it is
able to identify and exploit a new business opportunity.  No
assurance can be given that the Company will be able to identify or
exploit a new business opportunity.  Further, no assurance can be
given that the Company will have the funds available to it that
would enable it to take advantage of such opportunity should one be
identified.  These factors, coupled with the fact that the
Company's current liabilities exceed its current assets, raise
substantial doubt about the Company's ability to continue as a
going concern," the Company stated in the Report.

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

                        http://is.gd/qH3sLw

                          About BMB Munai

BMB Munai, Inc., is engaged in oil and natural gas exploration and
production through Emir Oil LLP, which was sold to a third party
entity in 2011.  The Company has been focused on satisfying its
post-closing undertakings in connection with the sale of Emir Oil,
winding down its operations in Kazakhstan and exploring oil and
gas opportunities.

BMB Munai reported a net loss of $1.57 million on $0 of revenues
for the year ended March 31, 2014, as compared with a net loss of
$3.08 million on $0 of revenues for the year ended March 31, 2013.

Eide Bailly LLP, in Salt Lake City, issued a "going concern"
qualification on the Company's consolidated financial statements
for the year ended March 31, 2014.  The independent auditors noted
the Company has no continuing operations that result in positive
cash flow.  This situation raises substantial doubt about its
ability to continue as a going concern, the auditors said.


BOMBARDIER INC: S&P Affirms 'B+' CCR; Outlook Negative
------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its ratings on
Montreal-based Bombardier Inc. including its 'B+' long-term
corporate credit rating on the company.  The outlook is negative.

"We base the affirmation on our expectation of Bombardier improving
its liquidity position despite higher debt," said Standard & Poor's
credit analyst Jamie Koutsoukis.

Concurrent with the announcement of its year-end results,
Bombardier also announced a capital raise plan that would include
the issuance of approximately US$600 million of equity and new
long-term debt capital of up to US$1.5 billion.  Although this will
lead to a deterioration of leverage metrics, S&P believes this will
be offset by the strengthening of Bombardier's liquidity position,
which should be sufficient to allow the company to fund its
development programs, including the CSeries' entry into service.
However, S&P views Bombardier's expected debt levels to be very
high for the current rating and, in S&P's view, EBITDA growth
combined with a reduction in capital spending will be necessary
past 2015 for the company to deleverage and maintain the 'B+'
rating.

"We have revised our assessment of Bombardier's business risk
profile to "fair" from "significant" based on continued weak
earnings before interest and taxes (EBIT) margins at both
Bombardier Transportation and Bombardier Aerospace, and from what
we believe are market pressures in both segments, as well as
setbacks on key development programs.  Our revision to the business
risk profile has also led us to reassess our use of the comparable
rating modifier, which we have revised to "positive" from
"neutral."  We base this on our belief that the company is on the
stronger end of a "fair" business risk profile and its liquidity
position following the proposed financing plan will provide a
material cushion for the next year or two after which we expect
Bombardier to begin generating positive discretionary cash flow,"
S&P said.

"The ratings on Bombardier reflect what we view as the company's
fair business risk profile and "highly leveraged" financial risk
profile.  Our ratings take into consideration the company's leading
market positions in the transportation and business aircraft
segments, as well as Bombardier's product range and diversity.
These positives are offset, in part we believe, by the continued
execution risk associated with Bombardier's entry into service of
the CSeries jet, high leverage, and reported profitability that has
been weak in both the aerospace and transportation divisions," S&P
added.

Bombardier is engaged in the manufacture of transport solutions
worldwide.  It operates in two distinct industries: aerospace and
rail transportation.  It has 79 production and engineering sites in
27 countries, and a worldwide network of service centers.  S&P
views the industry risk as "intermediate" and the country risk as
"low."

The negative outlook reflects S&P's view that Bombardier is subject
to significant execution and performance risk, which could result
in leverage and debt-to-cash flow metrics that fall below our
base-case scenario for the company.  Furthermore, the outlook
incorporates S&P's opinion that, given Bombardier's expected
leverage and debt-to-cash flow metrics following the completion of
its announced financing plan, there remains very limited room for
delays on project execution or margin deterioration.

S&P could lower its ratings on Bombardier should its new aircraft
program experience further delays or order levels do not allow for
profitable production, resulting in a reassessment of the company's
business risk profile.  In addition, S&P could take a negative
rating action should Bombardier face financing difficulties that
result in liquidity pressures.

An upgrade would be contingent on Bombardier being able to place
the CSeries into service, effectively removing the execution and
cost risks associated with the program, combined with a recovery of
its credit metrics, specifically FFO to debt of 12% or higher, and
the company demonstrating an ability to generate sustained positive
free cash flow.



BRIAR'S CREEK: Seeks to Sell Assets for $11.3 Million
-----------------------------------------------------
Briar's Creek Golf, LLC, d/b/a The Golf Club at Briar's Creek,
seeks authority from the U.S. Bankruptcy Court for the District of
South Carolina to sell its assets to Briar's Creek Holdings, LLC,
for a purchase price of $11,300,000, which consists of $7,400,000
in cash and assumption of the $3,900,000 secured debt owed to
Edward L. Myrick, Sr., plus assumption of the post-closing
liabilities under the Debtor's executory contracts.

In connection with its acquisition of assets, the Purchaser has
also committed to provide $2,000,000 to the new club formed by the
Purchaser for its operations and capital improvements.  According
to Bill Rochelle and Sherri Toub, bankruptcy columnists for
Bloomberg News, reported that the Purchaser is owned by Robert C.
McNair who also owns the Houston Texas of the National Football
League.

To maximize the value of its estate for the benefit of creditors,
the sale remains subject to higher or otherwise better offers.  The
Debtor proposes that the auction and sale hearing occur
approximately 65 days from Feb. 10, 2015.  The asset purchase
agreement with the Purchaser requires that the sale occur no later
than June 30, 2015.

Part of the proceeds of the sale will be used to pay the Debtor's
prepetition secured debt from Southcoast Community Bank.  As of the
Petition Date, the Debtor owes the bank $2,851,000.

Briar's Creek Golf, LLC, sought Chapter 11 protection (Bankr. D.
S.C. Case No. 15-00712) in Charleston, South Carolina, on Feb. 9,
2015.

The Debtor owns The Golf Club at Briar's Creek, in Johns Island,
South Carolina.  The Debtor disclosed that the property's value is
unknown and the property secures $6.74 million of debt.  Secured
creditors Edward L. Myrick Sr. and South Coast Community Bank are
owed $3.89 million and $2.85 million.


BUILDERS FIRSTSOURCE: Stadium Capital Reports 12% Stake at Dec. 31
------------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Stadium Capital Management, LLC, et al.,
disclosed that as of Dec. 31, 2014, they beneficially owned
12,396,015 shares of common stock of Builders FirstSource, Inc.,
representing 12.6 percent of the shares outstanding.  A copy of the
regulatory filing is available at http://is.gd/ZDonxr

                    About Builders FirstSource

Headquartered in Dallas, Texas, Builders FirstSource Inc. --
http://www.bldr.com/-- supplies and manufactures building
products for residential new construction.  The Company operates
in nine states, principally in the southern and eastern United
States, and has 55 distribution centers and 51 manufacturing
facilities, many of which are located on the same premises as its
distribution facilities.

Builders Firstsource reported a net loss of $42.7 million on
$1.48 billion of sales for the year ended Dec. 31, 2013, as
compared with a net loss of $56.9 million on $1.07 billion of
sales in 2012.  The Company incurred a $65.0 million net loss in
2011.

The Company's balance sheet at Sept. 30, 2014, showed $609 million
in total assets, $574 million in total liabilities and $35.2
million in total stockholders' equity.

                           *     *     *

As reported by the TCR on May 15, 2013, Standard & Poor's Ratings
Services Inc. said it raised its corporate credit rating on
Dallas-based Builders FirstSource to 'B' from 'CCC'.  "The upgrade
acknowledges U.S.-based building materials manufacturer and
distributor Builders FirstSource's 'strong' liquidity based on the
company's proposed recapitalization," said Standard & Poor's credit
analyst James Fielding.

In the May 13, 2014, edition of the TCR, Moody's Investors Service
upgraded Builders FirstSource's Corporate Family Rating to 'B3'
from 'Caa1'.  The upgrade reflects Moody's expectation that BLDR's
operating performance will continue to benefit from improved
housing construction, repair and remodeling.


BUILDING #19: Committee Wins Nod to Hire Sternklar's Firm
---------------------------------------------------------
The Official Committee of Unsecured Creditors of Building #19, Inc.
and its affiliated debtors obtained approval from the Bankruptcy
Court to retain the law firm Jeffrey D. Sternklar LLC ("JDSLLC")
and Jeffrey D. Sternklar as its counsel in connection with the
Debtors' Chapter 11 cases, nunc pro tunc to Jan. 12, 2015.

The Committee originally retained Duane Morris LLP as counsel, of
which Jeffrey D. Sternklar was a partner.  Mr. Sternklar was
primarily responsible for providing service to the Committee.  Mr.
Sternklar withdrew as a partner from Duane Morris as of Jan. 9,
2015, and now practices law at JDSLLC.

Mr. Sternklar's hourly billing rate at JDSLLC is $400.  Mr.
Sternklar may use the services of a paralegal or assistant in the
case, of which he intends to charge the hourly rate of $200 for the
services.

Mr. Sternklar attests that he and JDSLLC do not represent and do
not hold any interest adverse to the Debtors' estate or its
creditors in the matters upon which he is to be engaged.

                     About Building #19, Inc.

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

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

The U.S. Trustee for Region 1 appointed five members to the
official committee of unsecured creditors.  Newburg & Company LLP
is the financial advisor to the Committee.



BUMI INVESTMENT: Court Approves Consolidation of Cases
------------------------------------------------------
The U.S. Bankruptcy Court entered an order providing that the
Chapter 11 cases of Bumi Investment Pte Ltd., et al., is
consolidated for procedural purposes only.  The docket in Case No.
14-13296 must be consulted for all matters affecting the case.

Andrew Christopher Beckham, the foreign representative of the
Debtors in a foreign proceeding, commenced in the High Court of the
Republic of Singapore pursuant to Section 210(10) of the Companies
Act, for entry of an order, pursuant to Section 105(a) of title 11
of the United States Code and Rule 1015(b) of the Federal Rules of
Bankruptcy Procedure, authorizing and directing the joint
administration of the Foreign Debtors' related Chapter 15 cases for
procedural purposes only.

As reported in the Troubled Company Reporter on Feb. 4, 2015, Bill
Rochelle, the bankruptcy columnist for Bloomberg News, reported
that Bumi Investment Pte Ltd and two other units of PT Bumi
Resources, can enforce decisions in the U.S. made in bankruptcy
proceedings in Singapore after a bankruptcy judge in New York
concluded that Singapore is home to the principal bankruptcy and
that country's law pass muster by U.S. standards.

According to the report, the New York judge permanently halted
creditor actions in the U.S. and said decisions by the court in
Singapore could be enforced in the U.S.  There was no objection to
the U.S. proceedings, the report noted.

                       About Bumi Investment

Bumi Investment Pte Ltd, Bumi Capital Pte Ltd and Enercoal
Resources Pte Ltd are incorporated under the laws of Singapore and
are wholly-owned subsidiaries of PT Bumi Resources Tbk, a public
company incorporated under the laws of Indonesia.  They were
incorporated as special purpose vehicles to raise funds for and on
behalf of Bumi Resources.

Bumi Resources is in the business of mining and export of thermal
coal and is one of the largest exporters of thermal coal in the
world.  In recent years, the financial condition of Bumi Resources
has deteriorated.  This is directly attributable to the decrease
in the global demand for coal, which resulted in a drop in coal
prices.

On Nov. 24, 2014, Bumi Investment, Bumi Capital and Enercoal
initiated proceedings in the High Court of the Republic of
Singapore pursuant to Section 210(10) of the Companies Act (Cap.
50) for an order imposing a moratorium on collection activity
against them and Bumi Resources.  The Singapore Court promptly
entered orders prohibiting for a period of six months the
commencement or continuation of any action by any creditors.

On Dec. 1, 2014, Bumi Investment and its two affiliates filed
Chapter 11 petitions (Bankr. S.D.N.Y. Lead Case No. 14-13296) in
Manhattan, in the U.S. on Dec. 1, 2014, to seek recognition of the
Singaporean proceedings.  The U.S. case is assigned to Judge
Robert E. Gerber.  Andrew Christopher Beckham, the foreign
repersentative, signed the petitions.  The Debtors have tapped
Kenneth R. Puhala, Esq., at Schnader Harrison Segal & Lewis LLP,
as counsel.



BUMI INVESTMENT: Entities Enjoined from Executing Against Assets
----------------------------------------------------------------
The U.S. Bankruptcy Court entered an order providing that all
entities are enjoined from, among other things:

   a) executing against foreign debtors Bumi Investment Pte Ltd, et
al.'s assets;

   b) the commencement or continuation, including the issuance or
employment of process, of a judicial, administrative, arbitral, or
other action or proceeding, or to recover a claim which action is
in any way related to, or would interfere with, the administration
of the Foreign Debtors' estates in the Singapore Proceeding; and

   c) the enforcement of a judgment against the Foreign Debtors or
against property of the Foreign Debtors' estates.

Andrew Christopher Beckham, the duly authorized foreign
representative of the Debtors, moved for the entry of an order
granting provisional injunctive and related relief.

                       About Bumi Investment

Bumi Investment Pte Ltd, Bumi Capital Pte Ltd and Enercoal
Resources Pte Ltd are incorporated under the laws of Singapore and
are wholly-owned subsidiaries of PT Bumi Resources Tbk, a public
company incorporated under the laws of Indonesia.  They were
incorporated as special purpose vehicles to raise funds for and on
behalf of Bumi Resources.

Bumi Resources is in the business of mining and export of thermal
coal and is one of the largest exporters of thermal coal in the
world.  In recent years, the financial condition of Bumi Resources
has deteriorated.  This is directly attributable to the decrease
in the global demand for coal, which resulted in a drop in coal
prices.

On Nov. 24, 2014, Bumi Investment, Bumi Capital and Enercoal
initiated proceedings in the High Court of the Republic of
Singapore pursuant to Section 210(10) of the Companies Act (Cap.
50) for an order imposing a moratorium on collection activity
against them and Bumi Resources.  The Singapore Court promptly
entered orders prohibiting for a period of six months the
commencement or continuation of any action by any creditors.

On Dec. 1, 2014, Bumi Investment and its two affiliates filed
Chapter 11 petitions (Bankr. S.D.N.Y. Lead Case No. 14-13296) in
Manhattan, in the U.S. on Dec. 1, 2014, to seek recognition of the
Singaporean proceedings.  The U.S. case is assigned to Judge
Robert E. Gerber.  Andrew Christopher Beckham, the foreign
repersentative, signed the petitions.  The Debtors have tapped
Kenneth R. Puhala, Esq., at Schnader Harrison Segal & Lewis LLP,
as counsel.



CAESARS ENTERTAINMENT: Family of Murdered Man Wants Insurance
-------------------------------------------------------------
Joseph Checkler, writing for The Wall Street Journal, reported that
the family of a man brutally murdered by a former friend at a
Caesars-owned property in 2009 wants a judge to lift the bankruptcy
shield that protects Caesars Entertainment Operating Corp. from
lawsuits during its Chapter 11 case so the family can go after the
casino giant's insurance policies.

According to the report, the family of Bradley Flamm said a Nevada
wrongful death trial that originally named Caesars and several
related entities should start April 20, as currently scheduled.
The family says it needs Judge A. Benjamin Goldgar, the Chicago
judge overseeing Caesars' bankruptcy case, to grant an exception to
the bankruptcy code's "automatic stay" provision so the case can go
on.

                   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.

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.

Appaloosa Investment Limited, et al., owed $41 million on account
of 10 percent second lien notes in the company, filed an
involuntary Chapter 11 bankruptcy petition against Caesars
Entertainment Operating Company, Inc. (Bankr. D. Del. Case No.
15-10047) on Jan. 12, 2015.  The bondholders are represented by
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP.

CEOC and 172 other affiliates -- operators of 38 gaming and resort
properties in 14 U.S. states and 5 countries -- filed Chapter 11
bankruptcy petitions (Bank. N.D. Ill.  Lead Case No. 15-01145) on
Jan. 15, 2015.  CEOC disclosed total assets of $12.3 billion and
total debt of $19.8 billion as of Sept. 30, 2014.

As reported in the Troubled Company Reporter on Feb. 4, 2015, the
bankruptcy proceedings of will proceed in the U.S. Bankruptcy
Court
for the Northern District of Illinois, Delaware Bankruptcy Judge
Kevin Gross ruled.

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  Judge Benjamin Goldgar presides
over the cases.

The U.S. Trustee has appointed seven noteholders to serve in the
Official Committee of Second Priority Noteholders and nine members
to serve in the Official Unsecured Creditors' Committee.


CALEDONIAN BANK: Chapter 15 Case Summary
----------------------------------------
Chapter 15 Petitioners: Keiran Hutchison and Claire Loebell of
                        Ernst & Young Ltd.

Chapter 15 Debtor: Caledonian Bank Limited
                   c/o Ernst & Young Ltd
                   P.O. Box 510GT, 62 Forum Lane
                   Attn: Kieran Hutchinson & Claire Loebell
                   Camana Bay, Grand Cayman
                   Cayman Islands

Chapter 15 Case No.: 15-10324

Type of Business: The Debtor is a wholly-owned subsidiary of
                  Caledonian Global Financial Services, Inc.,
                  a specialized financial services provider in the
                  Cayman Islands.

Chapter 15 Petition Date: February 16, 2015

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

Judge: Hon. Martin Glenn

Chapter 15 Petitioner's      Geoffrey T. Raicht, Esq.
Counsel:                     Margaret A. Dale, Esq.
                             Jared D. Zajac, Esq.
                             Lee M. Popkin, Esq.
                             PROSKAUER ROSE LLP
                             Eleven Times Square
                             New York, NY 10036-8299
                             Tel: (212) 969-3165
                             Fax: (212) 969-2900
                             Emails: graicht@proskauer.com
                                     mdale@proskauer.com
                                     jzajac@proskauer.com
                                     lpopkin@proskauer.com

Total Assets: $585 million as of January 31, 2015

Estimated Liabilities: $500 million to $1 billion


CASH STORE: easyfinancial Closes Purchase of 45 Locations
---------------------------------------------------------
easyhome Ltd., a Canadian provider of goods and financial services
to the cash and credit constrained consumer, on Feb. 10 disclosed
that its subsidiary, easyfinancial Services Inc., has completed the
acquisition of the lease rights and obligations for 45 retail
locations across Canada, together with certain related assets at
those locations from The Cash Store Financial Services Inc.

The original asset purchase agreement contemplated the purchase of
the lease rights and obligations for up to 47 locations, however
the Company was unsuccessful in obtaining satisfactory lease
extensions or new agreements for two of these locations.  The
Company has put together a comprehensive integration plan that
includes staffing, training, marketing, operating and technology
elements that will allow the 45 acquired retail locations to be
opened as new easyfinancial branches providing consumer loans to
Canadian consumers on March 2, 2015.

"This acquisition will allow us to accelerate our retail footprint
build out at easyfinancial," said David Ingram, easyhome's
President and Chief Executive Officer.  "We are also delighted to
report that we are able to provide employment to approximately 60
former employees of the Cash Store who bring experience in
providing financial solutions to our customer segment."

                   About Cash Store Financial

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

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

Cash Store Financial reported a net loss and comprehensive loss of
C$35.5 million for the year ended Sept. 30, 2013, as compared with
a net loss and comprehensive loss of C$43.5 million for the year
ended Sept. 30, 2012.  As of Sept. 30, 2013, the Company had C$165
million in total assets, C$166 million in liabilities, and a C$1.32
million shareholders' deficit.


CHINA PRECISION: Incurs $5.4 Million Net Loss in Dec. 31 Quarter
----------------------------------------------------------------
China Precision Steel, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $5.37 million on $5.18 million of sales revenues for
the three months ended Dec. 31, 2014, compared to a net loss of
$12.9 million on $11.9 million of sales revenues for the same
period a year ago.

For the six months ended Dec. 31, 2014, the Company reported a net
loss of $12.2 million on $10.9 million of sales revenues compared
to a net loss of $22.5 million on $23.6 million of sales revenues
for the same period during the prior year.

As of Dec. 31, 2014, the Company had $66.3 million in total assets,
$63.7 million in total liabilities, all current, and $2.61 million
in total stockholders' equity.

"In June and July 2012, the Company defaulted on the repayment
obligations of its short-term and long-term bank loans totaling
$43.9 million at Dec. 31, 2014.  The Company aims to resolve this
by working out a repayment plan with the banks but there can be no
assurance that the Company will be able to successfully do so or
otherwise fulfill its obligations under the loans.  The uncertainty
surrounding our lack of readily available liquidity provided by
other third party sources raises substantial doubt about our
ability to continue as a going concern.  Our consolidated financial
statements do not include any adjustments that might be necessary
should the Company be unable to continue as a going concern," the
Company stated in the Form 10-Q.

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

                        http://is.gd/KJC9z9

                   About China Precision Steel

China Precision Steel -- http://chinaprecisionsteelinc.com/-- is
a
niche precision steel processing company principally engaged in
the production and sale of high precision cold-rolled steel
products and provides value added services such as heat treatment
and cutting medium and high carbon hot-rolled steel strips. China
Precision Steel's high precision, ultra-thin, high strength (7.5
mm to 0.05 mm) cold-rolled steel products are mainly used in the
production of automotive components, food packaging materials, saw
blades, steel roofing and textile needles.  The Company sells to
manufacturers in the People's Republic of China as well as
overseas markets such as Nigeria, Ethiopia, Thailand and
Indonesia.  China Precision Steel was incorporated in 2002 and is
headquartered in Sheung Wan, Hong Kong.

China Precision reported a net loss of $37.5 million on
$47.2 million of sales revenues for the year ended June 30, 2014,
compared to a net loss of $68.9 million on $36.5 million of
sales revenues in 2013.

MSPC Certified Public Accountants and Advisors, A Professional
Corporation, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended June 30,
2014.  The independent auditors noted that the Company suffered
very significant losses for the years ended June 30, 2014, and
2013, respectively.  Additionally, the Company defaulted on
interest and principal repayments of bank borrowings that raise
substantial doubt about its ability to continue as a going
concern.



CLIFFS NATURAL: Bank of America Reports 6.4% Stake as of Dec. 31
----------------------------------------------------------------
Bank of America Corporation, on behalf of itself and its wholly
owned subsidiaries Bank of America N.A., Merrill Lynch Pierce
Fenner & Smith, Inc., and Merrill Lynch International, disclosed
that as of Dec. 31, 2014, it beneficially owned 9,825,886 shares of
common stock of Cliffs Natural Resources Inc. which represents 6.41
percent of the shares outstanding.  A copy of the Schedule 13G is
available for free at http://is.gd/ZUNc3M

                  About Cliffs Natural Resources

Cliffs Natural Resources Inc. is a mining and natural resources
company.  The Company is a major supplier of iron ore pellets to
the U.S. steel industry from its mines and pellet plants located
in
Michigan and Minnesota.  Cliffs also produces low-volatile
metallurgical coal in the U.S. from its mines located in West
Virginia and Alabama.  Additionally, Cliffs operates an iron ore
mining complex in Western Australia and owns two non-operating iron
ore mines in Eastern Canada. Driven by the core values of social,
environmental and capital stewardship, Cliffs' employees endeavor
to provide all stakeholders operating and financial transparency.

Other information on the Company are available at
http://www.cliffsnaturalresources.com/  

On Jan. 27, 2015, Bloom Lake General Partner Limited and certain of
its affiliates, including Cliffs Quebec Iron Mining ULC commenced
restructuring proceedings in Montreal, Quebec, under the Companies'
Creditors Arrangement Act (Canada).  The initial CCAA order will
address the Bloom Lake Group's immediate liquidity issues and
permit the Bloom Lake Group to preserve and protect its assets for
the benefit of all stakeholders while restructuring and sale
options are explored.

As of Dec. 31, 2014, the Company had $3.19 billion in total assets,
$4.89 billion in total liabilities and a $1.69 billion total
deficit.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $8.27 billion on $4.62 billion of revenues from product sales
and services, compared with net income of $362 million on $5.69
billion of revenues from product sales and services during the
prior year.

                          *    *     *

As reported by the TCR on Feb. 3, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Cliffs
Natural Resources Inc. to 'B' from 'BB-'.  The downgrade of
Cleveland-based Cliffs Natural Resources is driven by a revision
of
the company's financial risk profile to "highly leveraged" from
"aggressive" as a result of S&P's lowered iron ore price
assumptions.  The 24% cut to $65 per metric ton marked the
third downward revision since early 2014, when S&P's forecast
prices were more than $100 per metric ton.

The TCR reported on Dec. 10, 2014, that Moody's Investors Service
downgraded Cliffs Natural Resources Inc.'s Corporate Family Rating
(CFR) and Probability of Default Rating to Ba3 and Ba3-PD
respectively.  The downgrade in the CFR to Ba3 reflects Cliffs'
weak debt protection metrics as evidenced by the EBIT/interest
ratio of 1.1x for the twelve months ended September 30, 2014 and
increasing leverage position.


CLIFFS NATURAL: G1 Execution Reports 6.1% Stake as of Dec. 31
-------------------------------------------------------------
Each of G1 Execution Services, LLC, Susquehanna Investment Group
and Susquehanna Securities is deemed a beneficial owner, as of Dec.
31, 2014, of 9,381,666 shares or 6.1 percent of the oustanding
shares of Cliffs Natural Resources Inc.

The amount beneficially owned by Susquehanna Investment Group
includes options to buy 105,200 shares of the Company's Common
Stock.  The amount beneficially owned by Susquehanna Securities
includes options to buy 5,118,600 shares of the Company's Common
Stock.  The Company's quarterly report, on Form 10-Q, filed with
the United States Securities and Exchange Commission on Nov. 7,
2014, indicates that there were 153,195,289 shares of Common Stock
outstanding as of Nov. 3, 2014.

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

                        http://is.gd/lWZx1S

                   About Cliffs Natural Resources

Cliffs Natural Resources Inc. is a mining and natural resources
company.  The Company is a major supplier of iron ore pellets to
the U.S. steel industry from its mines and pellet plants located
in
Michigan and Minnesota.  Cliffs also produces low-volatile
metallurgical coal in the U.S. from its mines located in West
Virginia and Alabama.  Additionally, Cliffs operates an iron ore
mining complex in Western Australia and owns two non-operating
iron
ore mines in Eastern Canada. Driven by the core values of social,
environmental and capital stewardship, Cliffs' employees endeavor
to provide all stakeholders operating and financial transparency.

Other information on the Company are available at
http://www.cliffsnaturalresources.com/  

On Jan. 27, 2015, Bloom Lake General Partner Limited and certain of
its affiliates, including Cliffs Quebec Iron Mining ULC commenced
restructuring proceedings in Montreal, Quebec, under the Companies'
Creditors Arrangement Act (Canada).  The initial CCAA order will
address the Bloom Lake Group's immediate liquidity issues and
permit the Bloom Lake Group to preserve and protect its assets for
the benefit of all stakeholders while restructuring and sale
options are explored.

As of Dec. 31, 2014, the Company had $3.19 billion in total assets,
$4.89 billion in total liabilities and a $1.69 billion total
deficit.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $8.27 billion on $4.62 billion of revenues from product sales
and services, compared with net income of $362 million on $5.69
billion of revenues from product sales and services during the
prior year.

                          *    *     *

As reported by the TCR on Feb. 3, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Cliffs
Natural Resources Inc. to 'B' from 'BB-'.  The downgrade of
Cleveland-based Cliffs Natural Resources is driven by a revision
of
the company's financial risk profile to "highly leveraged" from
"aggressive" as a result of S&P's lowered iron ore price
assumptions.  The 24% cut to $65 per metric ton marked the
third downward revision since early 2014, when S&P's forecast
prices were more than $100 per metric ton.

The TCR reported on Dec. 10, 2014, that Moody's Investors Service
downgraded Cliffs Natural Resources Inc.'s Corporate Family Rating
(CFR) and Probability of Default Rating to Ba3 and Ba3-PD
respectively.  The downgrade in the CFR to Ba3 reflects Cliffs'
weak debt protection metrics as evidenced by the EBIT/interest
ratio of 1.1x for the twelve months ended September 30, 2014 and
increasing leverage position.


CLOUDEEVA INC: Withdraws Chapter 11 Plan
----------------------------------------
Cloudeeva, Inc., et al., notified the Bankruptcy Court of their
withdrawal of the joint disclosure statement and joint plan of
reorganization.

As reported in the Troubled Company Reporter on Dec. 2, 2014,
the disclosure statement explaining the Debtor's plan of
reorganization is facing objections from creditors.  Objections
were filed by Robert Kaleta and Bartronics Asia Pte. Ltd.

Copies of the Plan, the Disclosure Statement and the Plan Support
Agreement are available for free at:

   * http://bankrupt.com/misc/Cloudeeva_Plan_10072014.pdf
   * http://bankrupt.com/misc/Cloudeeva_DS_10072014.pdf
   * http://bankrupt.com/misc/Cloudeeva_PlanSupportA.pdf

                      About Cloudeeva, Inc.

Cloudeeva, Inc., a public company previously known as Systems
America, Inc., is a global cloud services and technology solutions
company specializing in cloud, big data and mobility solutions and
services. The company provides information technology staffing
services to major clients and third party vendors in the United
States and India. The company headquarters are in East Windsor,
New Jersey, with regional offices in California, Illinois and
international offices in India.

Cloudeeva, Inc., and its affiliates sought Chapter 11 bankruptcy
32 protection (Bankr. D.N.J. Lead Case No. 14-24874) in Trenton,
New Jersey, on July 21, 2014. The cases are assigned to Judge
Kathryn C. Ferguson.

Cloudeeva disclosed $4,989,375 in assets and $6,528,910 in
liabilities as of the Chapter 11 filing. The company said only
$209,000 is owing to its lender Prestige Capital Corp. and more
than $5.2 million is owed for trade vendor payables.

The Debtors originally tapped Lowenstein Sandler LLP as counsel.
However, they are now seeking the retention of Trenk, DiPasquale,
Della Fera & Sodono, P.C., to replace Lowenstein Sandler, who
retention was not formally approved by order of the Court. The
Debtors have also tapped Cole, Schotz, Meisel, Forman & Leonard,
P.A. as appellate counsel. Kurtzman Carson Consultants LLC serves
as claims and noticing agent.

                           *     *     *

On Aug. 22, 2014, Judge Ferguson entered an order dismissing the
Debtors' Chapter 11 cases at the behest of Bartronics Asia PTE
Ltd. BAPL asserted that the cases were not filed in good faith.
The Debtors subsequently filed an appeal challenging the dismissal
of their cases.

Since then, District Judge Joel A. Pisano for the District of New
Jersey entered an order staying the Case Dismissal Order pending
further proceedings. Simultaneously, Judge Pisano reinstated the
Debtors' bankruptcy cases and authorized the Debtors to be in
possession of their assets and the management of their business as
debtors-in-possession, subject to the continuing jurisdiction of
the Bankruptcy Court and any further orders of the Bankruptcy
Court or the District Court.

The Debtor filed a Plan of Reorganization and Disclosure Statement
on Oct. 7, 2014.  The Plan will be funded by cash on-hand on the
Effective Date, cash revenues derived from the Debtors' continued
operations, and investment of $1.15 million from Cloudeeva India
Private Limited or their designee, along with their guarantee of
all payments to be made under Plan, in exchange for the equity of
the Reorganized Debtors, as agreed in the parties' Plan Support
Agreement.

The Court approved the appointment of Stephen Gray as Chapter 11
trustee for the Debtors' estate.  The trustee is represented by
Saul Ewing LLP.



COCRYSTAL PHARMA: Barry Honig Reports 2.9% Stake as of Dec. 31
--------------------------------------------------------------
Barry Honig disclosed in an amended Schedule 13G filed with the
U.S. Securities and Exchange Commission that as of Dec. 31, 2014,
he beneficially owned 3,656,478 shares of common stock of
CoCrystal Pharma, Inc., representing 2.9% (based on 122,493,690
shares outstanding as of Jan. 5, 2015).  A copy of the regulatory
filing is available for free at http://is.gd/FjpaFk

                      About Cocrystal Pharma

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

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

Biozone incurred a net loss of $19.62 million in 2013, a net loss
of $7.96 million in 2012, and a net loss of $5.45 million in 2011.
As of Sept. 30, 2014, the Company had $11.6 million in total
assets, $7.65 million in total liabilities and $3.97 million in
total stockholders' equity.


COLT DEFENSE: Moody's Says $33MM Loan Won't Affect Caa3 CFR
-----------------------------------------------------------
Moody's Investors Service said Colt Defense LLC's new $33 million
term loan is a credit neutral event and does not impact the
company's ratings including its Caa3 corporate family rating and
SGL-4 liquidity rating.

Colt Defense LLC, headquartered in West Hartford, CT, manufactures
small arms weapons systems for individual soldiers and law
enforcement personnel for the U.S. military, U.S. law enforcement
agencies, and foreign militaries.  Post the July 2013 acquisition
of New Colt Holding Corp., the parent company of Colt's
Manufacturing Company, the company also has direct access to the
commercial end-market for rifles, carbines and handguns. Annual
revenues exceed $200 million.



COMDISCO HOLDING: Reports Fiscal 1st Quarter Financial Results
--------------------------------------------------------------
Comdisco Holding Company, Inc. on Feb. 13 reported financial
results for its fiscal first quarter ended Dec. 31, 2014. Comdisco
emerged from Chapter 11 bankruptcy proceedings on Aug. 12, 2002.
Under Comdisco's First Amended Joint Plan of Reorganization,
Comdisco was charged with, and has been, liquidating its assets.
While there have been no changes either to the Plan, or Comdisco's
obligations under it, Comdisco adopted ASU 2013-07, Liquidation
Basis of Accounting as of Oct. 1, 2014 and accordingly, determined
that liquidation was imminent. Therefore, effective Oct. 1, 2014,
Comdisco applied the liquidation basis of accounting on a
prospective basis.  The reporting will disclose Comdisco's estimate
of the value of the net assets available in liquidation for the
Common Shareholders.  The liquidation basis of accounting requires
the Company to estimate net cash flows from operations and to
accrue all costs associated with implementing and completing the
plan of liquidation and requires management to make estimates and
assumptions that affect the amounts reported in the consolidated
financial statements and the related notes.

As of the quarter ended Dec. 31, 2014, there was $53.9 million in
total assets, and $25.9 million in total liabilities resulting in
net assets in liquidation of $28.0 million.  The net assets in
liquidation as of the quarter ended Dec. 31, 2014 would result in
liquidating distributions of approximately $6.95 per common share,
based on 4,028,951 shares of common stock outstanding on December
31, 2014.  This estimate of liquidating distributions includes
projections of costs and expenses to be incurred during the time
period estimated to complete the plan of liquidation.  There is
inherent uncertainty with these projections, and they could change
materially based on the timing of the completion of all the steps
necessary for the liquidation.

During the period of Oct. 1, 2014 through Dec. 31, 2014, the
Company's estimated net assets in liquidation decreased by
$174,000.  The primary reason for the decline in net assets was due
to an increase in the estimated disposal costs of liquidation for
the Company's stored paper and electronic records. Such paper and
electronic records will continue to be stored and ultimately
destroyed once the Company has completed its liquidation.

As a result of bankruptcy restructuring transactions, the adoption
of fresh-start reporting, multiple asset sales, and the adoption of
liquidation basis of accounting, Comdisco's financial results are
not comparable to those of its predecessor company, Comdisco, Inc.

                        About Comdisco

Comdisco emerged from Chapter 11 bankruptcy proceedings on Aug. 12,
2002.  The purpose of reorganized Comdisco is to sell, collect or
otherwise reduce to money in an orderly manner the remaining assets
of the corporation.  Pursuant to the Plan and restrictions
contained in its certificate of incorporation, Comdisco is
specifically prohibited from engaging in any business activities
inconsistent with its limited business purpose.  Accordingly,
within the next few years, it is anticipated that Comdisco will
have reduced all of its assets to cash and made distributions of
all available cash to holders of its common stock and contingent
distribution rights in the manner and priorities set forth in the
Plan.  At that point, the company will cease operations.  The
company filed on Aug. 12, 2004 a Certificate of Dissolution with
the Secretary of State of the State of Delaware to formally
extinguish Comdisco Holding Company, Inc.'s corporate existence
with the State of Delaware except for the purpose of completing the
wind-down contemplated by the Plan.  Under the Plan, Comdisco was
charged with, and has been, liquidating its assets. While there
have been no changes either to the Plan, or Comdisco's obligations
under it, Comdisco adopted ASU 2013-07, Liquidation Basis of
Accounting as of October 1, 2014 and accordingly, determined that
liquidation was imminent.  Therefore, effective Oct. 1, 2014,
Comdisco applied the liquidation basis of accounting on a
prospective basis, and, as such, the results of operations under
liquidation basis of accounting are not comparable to the
historical results under a going concern basis.


COMMUNICATION INTELLIGENCE: Engmann Reports 12% Stake as of Dec. 31
-------------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Douglas Joe Engmann disclosed that as of Dec.
31, 2014, he beneficially owned 33,049,403 shares of common stock
of Communication Intelligence Corporation representing 12.4 percent
of the shares outstanding.  A copy of the regulatory filing is
available at http://is.gd/3rgg40

                  About Communication Intelligence

Redwood Shores, California-based Communication Intelligence
Corporation is a supplier of electronic signature products and the
recognized leader in biometric signature verification.

Communication Intelligence reported a net loss attributable to
common stockholders of $8.09 million in 2013 compared to a net loss
attributable to common stockholders of $6.74 million in 2012.

PMB Helin Donovan, LLP, in San Francisco, 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's significant recurring losses and accumulated
deficit raise substantial doubt about its ability to continue as a
going concern.


COMMUNITY HOME: Caliber Home Wants Relief from Stay on Property
---------------------------------------------------------------
Party-in-interest Caliber Home Loans, Inc., asks the U.S.
Bankruptcy Court to lift the automatic stay as to certain property
of Community Home Financial Services, Inc.

Caliber Home Loans, Inc., as servicer for U.S. Bank Trust, N.A., as
Trustee for LSF9 Master Participation Trust, says that an appraisal
of the property was performed at its request and expense and the
property was valued at $146,000.  

The movant adds that sufficient cause exists for the termination,
annulment or modification of the automatic stay because of the
delinquency of the mortgagor and because there is no equity in the
property for the benefit of the estate.

                      About Community Home

Community Home Financial Services, Inc., filed a Chapter 11
petition (Bankr. S.D. Miss. Case No. 12-01703) on May 23, 2012.
Community Home Financial is a specialty finance company located in
Jackson, Mississippi, providing contractors with financing for
their customers.  CHFS operates from one central location
providing financing through its dealer network throughout 25
states, Alabama, Delaware, and Tennessee.  The Debtor scheduled
$44.9 million in total assets and $30.3 million in total
liabilities.  Judge Edward Ellington presides over the case.

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

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

                         *     *     *

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


COMSTOCK MINING: Peter Palmedo Reports 6.7% Stake as of Dec. 31
---------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Peter F. Palmedo and his affiliates disclosed
that as of Dec. 31, 2014, they beneficially owned 6,331,068 shares
of common stock of Comstock Mining Inc. representing 6.69 percent
of the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/GUDprq

                       About Comstock Mining

Virginia City, Nev.-based Comstock Mining Inc. is a Nevada-based,
gold and silver mining company with extensive, contiguous property
in the historic Comstock district.  The Company began acquiring
properties in the Comstock in 2003.  Since then, the Company has
consolidated a substantial portion of the Comstock district,
secured permits, built an infrastructure and brought the
exploration project into test mining production.  The Company
continues acquiring additional properties in the Comstock
district, expanding its footprint and creating opportunities for
exploration and mining.  The goal of the Company's strategic plan
is to deliver stockholder value by validating qualified resources
(measured and indicated) and reserves (probable and proven) of
3,250,000 gold equivalent ounces by 2013, and commencing
commercial mining and processing operations by 2011, with annual
production rates of 20,000 gold equivalent ounces.

Comstock Mining reported a net loss available to common
shareholders of $13.3 million on $25.6 million of total revenues
for the year ended Dec. 31, 2014, compared to a net loss available
to common shareholders of $25.4 million on $24.8 million of total
revenues for the year ended Dec. 31, 2013.  The Company reported a
net loss available to common shareholders of $35.1 million in
2011.

As of Dec. 31, 2014, the Company had $46.4 million in total assets,
$24.2 million in liabilities and $22.2 million in total
stockholders' equity.


CONNEAUT LAKE: Court to Decide on Insurance Money Dispute
---------------------------------------------------------
Valerie Myers at Erie Times-News reports that the U.S. Bankruptcy
Court for the Western District of Pennsylvania will consider
whether a lawsuit filed in 2013 against Conneaut Lake Park trustees
should be resolved to determine who's entitled to an insurance
settlement on the Park's Beach Club.

According to Erie Times-News, Jeffery Deller, chief judge of the
U.S. Bankruptcy Court for the Western District of Pennsylvania,
agreed to take jurisdiction for the case.

Erie Times-News relates that the $611,000 settlement is being held
by the Crawford County Court of Common Pleas pending a court ruling
on whether the money belongs to the Trustees or Park Restoration
LLC, which ran the Beach Club.  The report says that the money is
claimed by park trustees and Park Restoration, which operated and
insured the Beach Club through a management agreement with
trustees.  The report adds that Conneaut School District, Summit
Township, Crawford County and the Crawford County Tax Claim Bureau
are also staking a claim, while the Conneaut Lake Joint Municipal
Authority, which provides sewer service for the Park, is
considering joining in the litigation.  According to the report,
the Crawford County Tax Claim Bureau says that state law allows
them to claim the settlement as partial payment of delinquent
property taxes owed by the Park.  

Citing John Kroto, Esq., the attorney for the Conneaut Lake Joint
Municipal Authority, Erie Times-News states that authority members
will decide whether or not to intervene in the insurance case
within 45 days.  Erie Times-News reports that attorneys for the
claimants will work with a mediator to try to resolve who gets all
or part of the Erie Insurance settlement, and Judge Deller would
approve or reject any agreement.

                     About Conneaut Lake Park

Conneaut Lake Park is a summer amusement resort, located in
Conneaut Lake, Pennsylvania.

Trustees of Conneaut Lake Park, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Pa. Case No. 14-11277) in Erie, Pennsylvania,
on Dec. 4, 2014.  The case is assigned to Judge Thomas P. Agresti.
The Debtor tapped George T. Snyder, Esq., at Stonecipher Law Firm,
in Pittsburgh, as counsel.  The Debtor estimated assets and debt of
$1 million to $10 million.

Trustees of Conneaut Lake Park filed for bankruptcy protection less
than 20 hours before the Crawford County amusement park was
scheduled to go to sheriff's sale for almost $930,000 in back taxes
and related fees.


CONSTAR INTERNATIONAL: Plan Filing Date Extended to March 13
------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware extended Capsule International Holdings LLC,
et al.'s exclusive filing period through and including March 13,
2015, and their exclusive solicitation period through and including
May 12, 2015.

The Debtors' exclusive right to file a plan and solicit acceptances
of a Chapter 11 plan will continue to be terminated solely to the
extent necessary to permit the Official Committee of Unsecured
Creditors to propose and solicit votes to accept its Chapter 11
plan for the Debtors so long as the plan is consistent in form and
substance with the terms of the Chapter 11 plan specified in the
term sheet agreed to by the Debtors and the Committee.

Evan T. Miller, Esq., at Bayard, P.A., in Wilmington, Delaware,
told the Court that since the entry of the First, Second, Third,
and Fourth Exclusivity Orders, the Debtors have been working
diligently with the Official Committee of Unsecured Creditors and
their retained professionals to liquidate the Debtors' remaining
assets, reconcile claims, and investigate potential claims and
causes of action held by the Debtors' estates, which the Committee
believes are the main issues that must be resolved before the
Committee may propose a confirmable chapter 11 plan.  The Debtors
and the Committee, through, inter alia, their joint retention of
Diamond McCarthy, as special litigation counsel to investigate and
pursue litigation claims for the benefit of the estates and
creditors, have made and continue to make substantial progress in
their ongoing investigation and effort to liquidate the Lender KEIP
claims, Mr. Miller related.

As a result, the Debtors are seeking an extension of their
Exclusive Periods in order to effectuate the Committee's proposal
of the Plan and solicitation of votes in support of the Plan as
contemplated by the Term Sheet, Mr. Miller said.

                    About Constar International

Privately held Constar International Holdings and nine affiliated
debtors (nka Capsule International Holdings, et al.)  filed for
Chapter 11 protection (Bankr. D. Del. Lead Case No. 13-13281) on
Dec. 19, 2013.

Constar, which manufactures plastic containers, is represented by
Michael J. Sage, Esq., Brian E. Greer, Esq., Stephen M. Wolpert,
Esq., and Janet Bollinger Doherty, Esq., at Dechert LLP; and
Robert S. Brady, Esq., and Sean T. Greecher, Esq., at Young
Conaway Stargatt & Taylor, LLP.  Prime Clerk LLC serves as the
Debtors' claims and noticing agent, and administrative advisor.
Lincoln Partners Advisors LLC serves as the Debtors' financial
advisor.

Judge Christopher S. Sontchi oversees the 2013 case.

This is Constar International's third bankruptcy.  Constar first
filed for Chapter 11 protection (Bankr. D. Del. Lead Case No.
08-13432) in December 2008, with a pre-negotiated Chapter 11 Plan
and emerged from bankruptcy in May 2009.  Constar and its
affiliates returned to Chapter 11 protection (Bankr. D. Del. Case
No. 11-10109) on Jan. 11, 2011, with a pre-negotiated Chapter 11
plan and emerged from bankruptcy in June 2011.

The new petition listed assets worth less than $100 million
against $123 million on three layers of secured debt.

Attorneys at Brown Rudnick LLP represent the official committee of
unsecured creditors.  The Committee retained Alvarez & Marsal
North America LLC as its financial advisor.

Counsel to Wells Fargo Capital Finance, LLC, the revolving loan
agent, is Andrew M. Kramer, Esq., at Otterbourg P.C.

On Feb. 10, 2014, the Bankruptcy Court authorized Constar to sell
certain assets to Plastipak Packaging, Inc., a global manufacturer
of rigid plastic packaging.  The Court determined that Plastipak's
$102,450,000 offer for the Debtors' U.S. assets bested the offers
from Amcor Rigid Plastics USA, Inc., and Envases Universales De
Mexico S.A.P.I. De C.V. during a Feb. 6 auction.

Separately, the Court authorized Constar to sell a facility in
Havre de Grace, Maryland, to Smucker Natural Foods, Inc., for
$3 million.  There was no other bidder for the Maryland facility.

The sole director of debtor Constar International U.K. Limited has
appointed Daniel Francis Butters and Nicolas Guy Edwards of
Deloitte LLP as administrators.  The U.K. Administration
Proceeding follows the closing of the sale of the U.K. assets to
Sherburn Acquisition Limited.  The Delaware Bankruptcy Judge
authorized the U.S. Debtors to sell the U.K. Assets to Sherburn
for GBP3,512,727, (or US$7,046,000), less the deposit in the sum
of US$1,250,000.

Secured lender Black Diamond Commercial Finance, LLC, as DIP note
agent, and Wells Fargo Capital Finance, LLC, as DIP revolving
agent and agent under the revolving loan facility, consented to
the administration of Constar U.K. and the appointment of the
Joint Administrators.

In view of the asset sales in the U.S. and the U.K., the Debtors
changed their corporate trade names -- and with the Bankruptcy
Court's consent, their bankruptcy case caption -- to Capsule Group
Holdings, Inc.; Capsule Intermediate Holdings, Inc.; Capsule
Group, Inc.; Capsule International LLC; Capsule DE I, Inc.;
Capsule DE II, Inc.; Capsule PA, Inc.; Capsule Foreign Holdings,
Inc.; and Capsule International U.K. Limited (Foreign).


CTI BIOPHARMA: FMR LLC Reports 2.4% Stake as of Dec. 31
-------------------------------------------------------
FMR LLC, Edward C. Johnson 3d and Abigail P. Johnson disclosed in
an amended Schedule 13G filed with the U.S. Securities and Exchange
Commission that at Dec. 31, 2014, they beneficially owned 4,279,150
shares of common stock of CTI Biopharma representing 2.412 percent
of the shares outstanding.  A copy of the regulatory filing is
available at http://is.gd/kxcRKp

                         About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

Cell Therapeutics reported a net loss attributable to common
shareholders of $49.6 million in 2013, a net loss attributable to
common shareholders of $115 million in 2012, and a net loss
attributable to common shareholders of $121 million in 2011.

"We believe that our present financial resources (including the
$17.8 million we received in October 2014 under the Servier
Agreement), together with additional milestone payments projected
to be received under certain of our contractual agreements, our
ability to control costs and expected net contribution from
commercial operations in connection with PIXUVRI, will only be
sufficient to fund our operations into the third quarter of 2015.
This raises substantial doubt about our ability to continue as a
going concern," the Company disclosed in its quarterly report on
Form 10-Q for the period ended Sept. 30, 2014.


DALLAS ROADSTER: Court Won't Raise Cap for Roger Sanders' Expenses
------------------------------------------------------------------
U.S. Bankruptcy Judge Brenda T. Rhoades denied Dallas Roadster,
Limited and Ieda Enterprise, Inc.'s motion to:

   1. modify the order approving the application to employ Roger
Sanders as special counsel; and

   2. modify the $100,000 cap for reimbursement of expenses by the
Debtors to a cap of $200,000.

The Court found that the employment order provided that the
projections attached to the Plan provides for the monthly
contribution of $10,000 toward litigation expenses, up to an
aggregate maximum of $210,000; therefore, no modification of the
employment order is required for the Debtor to make the
contributions toward litigation expenses contemplated by the
financial projections attached to the Plan.

Texas Capital Bank filed an objection to the motion and the Office
of the U.S. Trustee filed a comment to the motion.

As reported in the Troubled Company Reporter on Dec. 2, 2014, TCB,
in its objection, said that the Debtors failed to set forth a
sufficient basis to modify the order.

William T. Neary, the U.S. Trustee for Region 6, stated that the
motion does not address how the increase in expenses will affect
Debtors' ability and timing of making payments under the Plan.
The impact on creditors is not discussed in the motion, the U.S.
Trustee points out.

As reported in the TCR, the Court on June 18, 2013, approved the
employment of Roger Sanders and his law firm as special counsel
for Debtors.  When the Court granted the Debtors' motion to employ
Sanders, the Court modified the provision in the proposed
employment contract for funding litigation expenses.  The condition
imposed by the Court was that the Debtors were limited to
contributing $100,000 toward reimbursable expenses.

According to the Debtors, cause exists for the Court to grant
Sanders relief from that part of the employment order limiting the
Debtors to a $100,000 cap on funding expenses.  To date, Sanders
had expended $140,744.  Sanders also incurred $16,719 for the
expenses, and Sanders will have advanced almost $60,000 more than
the Debtors are currently permitted to reimburse.  Sanders will
have incurred approximately $200,000 in expenses, with only
$100,000 reimbursed by the Debtors.

The Debtors further submit that in order to demonstrate that there
is a substantial reality to the request, it was necessary for
Sanders to advance funds to reflect his belief in the merits of
the case.

           About Dallas Roadster and IEDA Enterprises

Dallas Roadster, Limited, owns and operates an auto dealership
with locations in both Richardson and Plano, Texas.  IEDA
Enterprises, Inc., is the general partner of Roadster.

Dallas Roadster and IEDA Enterprises filed for Chapter 11
bankruptcy (Bankr. E.D. Tex. Case Nos. 11-43725 and 11-43726) on
Dec. 12, 2011.  Chief Judge Brenda T. Rhoades oversees both cases.
J. Bennett White, P.C., replaced DeMarco Mitchell, PLLC, as the
Debtors' bankruptcy counsel.  Dallas Roadster disclosed $9,407,469
in assets and $4,554,517 in liabilities as of the Chapter 11
filing.

The Debtors' assets were placed under the care of a receiver on
Nov. 16, 2011, pursuant to a state court action by Texas Capital
Bank, National Association.

No trustee has been appointed in the Chapter 11 cases.



DAVID CASSIDY: Owes $293K for Mortgage on His Home
--------------------------------------------------
TMZ reports that David Cassidy claims to owe $293,000 for a
mortgage on his home.

Mr. Cassidy said in court documents that he may have horse-related
expenses in the near future, as he is in a legal dispute over
several thoroughbred horses he co-owns.

Ross McDonaugh at Dailymail.com relates that Mr. Cassidy filed for
bankruptcy because he cannot stave off his six figure debts, which
also include a lengthy list of attorney's fees.

Dailymail.com recalls that Mr. Cassidy has not had an easy time of
it of late, having been arrested in January for his third DUI since
2010.  The report adds that Mr. Cassidy won a three-year legal
battle with Sony over profits from The Partridge Family musical
sitcom.  According to the report, Mr. Cassidy had sought millions
in unpaid compensation for reruns and merchandise from the series,
but an arbitrator awarded just $158,000.  The report says that the
lawsuit is due to be heard again in court this month.

David Cassidy is a heartthrob star of the 1970s sitcom The
Partridge Family.  He has homes in Florida and Saratoga Springs,
New York.

As reported by the Troubled Company Reporter on Feb. 13, 2015, Dawn
McCarty at Bloomberg News reported that Mr. Cassidy filed for
Chapter 11 bankruptcy protection (Bankr. S.D. Fla. Case No. 15
-12588) on Feb. 11, 2015, citing both assets and debt of as much
as$10 million.


DEERFIELD RANCH WINERY: Case Summary & 20 Top Unsec. Creditors
--------------------------------------------------------------
Debtor: Deerfield Ranch Winery, LLC
        1310 Warm Springs Road
        Glen Ellen, CA 95442

Case No.: 15-10150

Type of Business: Winery

Chapter 11 Petition Date: February 13, 2015

Court: United States Bankruptcy Court
       Northern District of California (Santa Rosa)

Judge: Hon. Alan Jaroslovsky

Debtor's Counsel: Scott H. McNutt, Esq.
                  MCNUTT LAW GROUP LLP
                  219 9th St.
                  San Francisco, CA 94103
                  Tel: (415) 995-8475
                  Email: SMcNutt@ml-sf.com

                    - and -

                  Shane J. Moses, Esq.
                  MCNUTT LAW GROUP LLP
                  219 9th St.
                  San Francisco, CA 94103
                  Tel: (415) 995-8475
                  Email: smoses@ml-sf.com

Debtor's          JIGSAW ADVISORS LLC
Restructuring
Financial
Advisor:

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Robert W. Rex, managing member.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Morrison Vineyard                  Goods and services   $21,521

Peterson Vineyard                  Goods and services   $21,218

Michael Rex Associates             Goods and services   $18,590

Nelson Family Vineyards            Goods and services   $16,790

Buchignani/Garcia Vineyards        Goods and services   $16,304

Christopher W. Bowen               Goods and services   $16,389

Woodvalley Road Vineyard           Goods and services   $14,850

Tonnellerie de Jarnac              Goods and services   $14,733

Vinea                              Goods and services   $14,507

Amaro Vineyard                     Goods and services   $12,625

Tonnellerie Vernou Doreau          Goods and services   $12,497

Alpicella Vineyards                Goods and services   $12,180

PHI Vineyard                       Goods and services   $11,695

Woolard Vineyard                   Goods and services   $10,179

Hogan's Run Vineyard               Goods and services    $9,903

Vitroval USA                       Goods and services    $6,689

Running Rabbit Ranch Vineyard      Goods and services    $7,540

Robin Bastar CPA, PC               Goods and services    $6,541

Pack n' Ship Direct                Goods and services    $5,687

Cabak Vineyards                    Goods and services    $5,551


DELIA'S INC: Hilco Streambank to Sell Intellectual Property
-----------------------------------------------------------
Hilco Streambank is acting on behalf of a joint venture of Hilco
Merchant Resources and Gordon Brothers Retail Partners, the
exclusive agent of dELiA*s, Inc., in connection with the sale of
the intellectual property and other assets related to the company's
direct and retail business.  The Assets are being sold in a sale
under Section 363 of the Bankruptcy Code in a Chapter 11 case
pending in the United States Bankruptcy Court for the Southern
District of New York in White Plains, New York.  The bid deadline
has been set for Feb. 18, 2015, at 12:00 p.m. EST with an auction
scheduled in New York on Feb. 19, 2015, at 10:00 a.m. EST.  A
"Stalking Horse" offer of $2.5 million to acquire the Assets has
been accepted subject to higher and better offers at the Auction.

Parties interested in learning more about the Assets and the sale
should contact Hilco Streambank directly through:

      David Peress
      Executive Vice President
      Hilco Streambank
      Tel: (781) 471-1239
      E-mail: dperess@hilcoglobal.com

      Jack Hazan
      Executive Vice President
      Hilco Streambank
      Tel: (212) 610-5663
      E-mail: jhazan@hilcoglobal.com

      Dmitriy Chemlin
      Director
      Hilco Streambank
      Tel: (212) 610-5642
      E-mail: dchemlin@hilcoglobal.com

      Gary Epstein
      Chief Marketing Officer
      Hilco Global
      Tel: (847) 418-2712

dELiA*s was started in 1993 with the goal of producing and selling
clothing, footwear and accessories to teenage girls that expressed
a fun and light hearted sensibility.  Over time, dELiA*s evolved
into an omni-channel retailer whose products were distributed
through its e-commerce website, by direct mail catalogs and
mall-based retail stores.  For the fiscal years 2011, 2012 and 2013
dELiA*s aggregate annual sales through all channels were $172, 181
and 137 million, respectively.  On Dec. 7, 2014, the Company filed
for Chapter 11 bankruptcy protection, and thereafter commenced the
liquidation of its inventory through its stores and e-commerce
channel.  Hilco Streambank is soliciting additional bids for the
Assets, which bids must be received by the bid deadline on Feb. 18,
2015, at noon EST.

                     About Hilco Streambank

Hilco Streambank is a market leading advisory firm specializing in
intellectual property disposition and valuation.  It is part of
Northbrook, Illinois-based Hilco Global (www.hilcoglobal.com), a
worldwide financial services company.

                        About DELIA*S INC.

Launched in 1993, dELiA*s Inc., is a retailer which sells apparel,
accessories, footwear, and cosmetics marketed primarily to teenage
girls and young women.  The dELiA*s brand products are sold
through the Company's mall-based retail stores, direct mail
catalogs and e-commerce Web sites.

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

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

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

As of the Petition Date, the Debtors had $47.0 million in total
assets and $50.5 million in liabilities.

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

The Official Committee of Unsecured Creditors tapped to retain
Kelley Drye & Warren LLP as its counsel, and Capstone Advisory
Group, LLC, and Capstone Valuation Services, LLC, as financial
advisors.


DIKA-HOMEWOOD: Case Summary & 9 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Dika-Homewood, LLC
        4700-4744 Lincoln Hwy.
        Homewood, IL 60430

Case No.: 15-04801

Chapter 11 Petition Date: February 13, 2015

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Pamela S. Hollis

Debtor's Counsel: Thomas W. Goedert, Esq.
                  CRANE, HEYMAN, SIMON, WELCH & CLAR
                  135 S. LaSalle St., Suite 3705
                  Chicago, IL 60603
                  Tel: 312-641-6777
                  Fax: 312-641-7114
                  Email: tgoedert@craneheyman.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Marshall N. Dickler, on behalf of
Dika-Management, LLC, manager.

A list of the Debtor's 9 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ilnb15-04801.pdf


DIKA-MATTESON: Case Summary & 8 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Dika-Matteson, LLC
        4700-4744 Lincoln Hwy.
        Matteson, IL 60443

Case No.: 15-04804

Chapter 11 Petition Date: February 13, 2015

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Jacqueline P. Cox

Debtor's Counsel: Thomas W. Goedert, Esq.
                  CRANE, HEYMAN, SIMON, WELCH & CLAR
                  135 S. LaSalle St., Suite 3705
                  Chicago, IL 60603
                  Tel: 312-641-6777
                  Fax: 312-641-7114
                  Email: tgoedert@craneheyman.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Marshall N. Dickler, on behalf of
Dika-Management, LLC, manager.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/ilnb15-04804.pdf


DUNE ENERGY: Whitebox Advisors Reports 5% Stake as of Dec. 31
-------------------------------------------------------------
Whitebox Advisors, LLC, disclosed in a Schedule 13G filed with the
U.S. Securities and Exchange Commission that as of Dec. 31, 2014,
it beneficially owned 3,676,079 shares of common stock of
Dune Energy Inc. representing 5 percent of the shares outstanding.
A full-text copy of the regulatory filing is available at:

                         http://is.gd/oGXu49

                          About Dune Energy

Dune Energy, Inc. (NYSE AMEX: DNE) -- http://www.duneenergy.com/  

-- is an independent energy company based in Houston, Texas.
Since May 2004, the Company has been engaged in the exploration,
development, acquisition and exploitation of natural gas and crude
oil properties, with interests along the Louisiana/Texas Gulf
Coast.  The Company's properties cover over 90,000 gross acres
across 27 producing oil and natural gas fields.

Dune Energy reported a net loss of $47 million in 2013, a net
loss of $7.85 million in 2012 and a net loss of $60.4 million in
2011.  The Company's balance sheet at Sept. 30, 2014, showed $229
million in total assets, $144 million in total liabilities and
$85.2 million in total stockholders' equity.

"Our primary sources of liquidity are cash provided by operating
activities, debt financing, sales of non-core properties and
access to capital markets.  As previously discussed, the Company
is now subject to a Forbearance Agreement and Fourth Amendment to
the Credit Agreement.  Under the terms of this agreement, we have
a borrowing base set at $40 million.  Pursuant to the terms of the
agreement, so long as we remain in compliance with the terms of
the agreement, Dune has $1 million of borrowing capacity
available.  Nevertheless, this will not provide sufficient
liquidity to continue normal operations absent a longer-term
solution prior to the end of the forbearance period.  "These and
other factors raise substantial doubt about our ability
to continue as a going concern beyond Dec. 31, 2014, should the
Merger with Eos not occur," the Company stated in its quarterly
report for the period ended Sept. 30, 2014.


ECO BUILDING: Needs More Time to File Dec. 31 Form 10-Q
-------------------------------------------------------
Eco Building Products Inc. was unable to file its quarterly report
on Form 10-Q for the period ended Dec. 31, 2014, by the filing date
applicable to smaller reporting companies due to a delay
experienced by the Company in completing its financial statements
and other disclosures.  As a result, the Company is still in the
process of compiling required information to complete the Quarterly
Report and its independent registered public accounting firm
requires additional time to complete its review of the financial
statements.  The Company anticipates that it will file the
Quarterly Report no later than the fifth calendar day following the
prescribed filing date, according to a regulatory filing with the
U.S. Securities and Exchange Commission.

                        About Eco Building

Vista, Calif.-based Eco Building Products is a manufacturer of
proprietary wood products treated with an eco-friendly proprietary
chemistry that protects against mold, rot, decay, termites and
fire.

Eco Building reported a net loss of $28.9 million on $1.46
million of total revenue for the year ended June 30, 2014,
compared to a net loss of $24.6 million on $5.22 million of total
revenue for the year ended June 30, 2013.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended June 30, 2014.  The independent
auditors noted that the Company has generated minimal operating
revenues, losses from operations, significant cash used in
operating activities and its viability is dependent upon its
ability to obtain future financing and successful operations.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.


ECOLOGICAL PAPER: Files for Ch. 11 After Drop in Sales
------------------------------------------------------
Ecological Paper Recycling, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Fla. Case No. 15-12159) on Feb. 4, 2015,
after experiencing a big drop in sales.

Brian Bandell at the South Florida Business Journal reports that
the Debtor rang up revenue of $7.92 million in 2014, but had
$150,000 in revenue from the beginning of 2015.

The Debtor had expanded into the waste and refuse collection
service and had several contracts with Waste Management, and while
that business had strong revenues, it operated at a loss due to
high expenses, the Business Journal states, citing the Debtor's
bankruptcy counsel, Jacqueline Calderin, Esq., at Ehrenstein
Charbonneau Calderin.

Ms. Calderin, according to the Business Journal, said that the
Debtor intends to sell off its waste and refuse contracts through
Chapter 11 and focus on its core business of paper recycling and
paper shredding.  Ms. Calderin said that the Debtor has contracts
with large companies to collect their paper, process it at its
plant in Opa Locka and sell it to manufacturers of recycled paper
products.

The Debtor estimated its assets at $500,000 to $1 million and its
liabilities at $1 million to $10 million.  The petition was signed
by Jose Flores, CEO.  Judge Laurel M. Isicoff presides over the
case.

According to the Business Journal, JPMorgan Chase Bank is the
Debtor's largest secured creditor, with a $2.22 million loan, while
its largest unsecured creditors include Ameri-Temps with $394,000,
Waste Management with $335,000, and the Florida Department of
Revenue with $300,000.  The Debtor has about
$1.64 million in unsecured claims.

Headquartered in Opa Locka, Florida, Ecological Paper Recycling,
Inc., dba Ecological Waste Systems, bills itself as the largest
privately-held paper processing firm in South Florida.  It was
founded in 2009.  Its case summary says it handles over 2,000 tons
of paper recycling per month and has 30 full-time employees.



ECOSPHERE TECHNOLOGIES: McGuire Reports 14% Stake as Dec. 31
------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Dennis and Jacqueline McGuire disclosed that
as of Dec. 31, 2014, they beneficially owned 26,752,315 shares of
common stock of Ecosphere Technologies, Inc., representing 14
percent based on 164,734,112 shares outstanding as of Dec. 31,
2014.  A copy of the regulatory filing is available at:

                        http://is.gd/01Xif3

                   About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering,
technology licensing and environmental services company that
designs, develops and manufactures wastewater treatment solutions
for industrial markets.  Ecosphere, through its majority-owned
subsidiary Ecosphere Energy Services, LLC, provides energy
exploration companies with an onsite, chemical free method to kill
bacteria and reduce scaling during fracturing and flowback
operations.

Ecosphere Technologies reported net income of $19.2 million in
2013 following net income of $1.05 million in 2012.

As of Sept. 30, 2014, the Company had $16.8 million in total
assets, $3.59 million in total liabilities, $3.78 million in total
redeemable convertible cumulative preferred stock, and $9.41
million in total equity.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company had a loss from operations and cash used in
operations along with an accumulated deficit.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


ECOSPHERE TECHNOLOGIES: Obtains $250,000 Loan From Brisben
----------------------------------------------------------
Ecosphere Technologies, Inc., received a loan of $250,000 from
Brisben Water Solutions, LLC, according to a Form 8-K filed with
the U.S. Securities and Exchange Commission.  

In connection with this loan, the Company delivered to Brisben a
10% secured convertible promissory note due Sept. 12, 2015, and
convertible at $0.115 per share.  Additionally, the Company issued
the Purchaser a warrant to purchase 4,347,826 shares of the
Company's common stock exercisable at $0.115 per share.

The Notes and the Warrants were issued without registration under
the Securities Act of 1933 in reliance upon the exemption provided
in Section 4(a)(2) and Rule 506(b) thereunder.

                   About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering,
technology licensing and environmental services company that
designs, develops and manufactures wastewater treatment solutions
for industrial markets.  Ecosphere, through its majority-owned
subsidiary Ecosphere Energy Services, LLC, provides energy
exploration companies with an onsite, chemical free method to kill
bacteria and reduce scaling during fracturing and flowback
operations.

Ecosphere Technologies reported net income of $19.16 million in
2013 following net income of $1.05 million in 2012.

As of Sept. 30, 2014, the Company had $16.8 million in total
assets, $3.59 million in total liabilities, $3.78 million in total
redeemable convertible cumulative preferred stock, and $9.41
million in total equity.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company had a loss from operations and cash used in
operations along with an accumulated deficit.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


ENDEAVOUR INT'L: Lonestar No Longer a Shareholder
-------------------------------------------------
Lonestar Partners, L.P.; Cottonwood Capital GP LLC, the general
partner of Lonestar; Lonestar Capital Management LLC, the
investment adviser to Lonestar; Jerome L. Simon, a member of
Cottonwood and the managing member of LCM; and Yedi Wong, a member
of Cottonwood and the chief financial officer of LCM, disclosed
that they no longer hold shares of Endeavour International
Corporation common stock, par value $0.001 per share, according to
a Schedule 13G (Amendment No. 1) filing with the Securities and
Exchange Commission by Lonestar et al.

                    About Endeavour International

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

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

As of June 30, 2014, the Company had $1.55 billion in total
assets, $1.55 billion in total liabilities, $43.7 million in
series c convertible preferred stock, and a $41.5 million
stockholders' deficit.

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

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Endeavour Operating Corporation and its debtor affiliates.  The
Committee is represented by David M. Bennett, Esq., Cassandra
Sepanik Shoemaker, Esq., and Demetra L. Liggins, Esq., at Thompson
& Knight LLP, and Neil B. Glassman, Esq., Scott D. Cousins, Esq.,
and Evan T. Miller, Esq., at Bayard, P.A.  Alvarez & Marsal North
America, LLC, serves as financial advisors to the Committee, while
UpShot Services LLC serves as website administrator.

                        *     *     *

U.S. Bankruptcy Judge Kevin J. Carey in of Delaware, on Dec. 22,
2014, approved the disclosure statement explaining Endeavour
Operating Corporation, et al.'s joint plan of reorganization.

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

The hearing to consider confirmation of the Amended Joint Plan of
Reorganization, dated Dec. 23, 2014, of Endeavour Operating
Corporation and its affiliated debtors, including Endeavour
International Corporation, has been adjourned to a date to be
determined.


ENERGY FUTURE: Seeks to Pay $750-Mil. to Repay Second Lien Notes
----------------------------------------------------------------
Energy Future Holdings Corp., et al., seek authority to use up to
$750 million of its cash on hand to repay outstanding principal and
accrued interest on the EFH 11.00% and 11.75% second lien notes due
2021 and 2022, on a pro rata basis, and authorize the payment of a
cash consent fee of up to $13.5 million to the consenting lenders
under the EFIH DIP Facility in exchange for the EFIH DIP Consent.

Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., in
Wilmington, Delaware, asserts that the Partial Repayment, and the
facilitating DIP Modifications and Consent Fee, are a sound
exercise of the EFIH Debtors' business judgment and in the best
interests of their estates.  Mr. Madron tells the Court that the
Debtors project that EFIH will have approximately $1.13 billion of
cash on hand as of March 31, 2015.  He says EFIH's only periodic
cash expenses during the case are interest expense on the EFIH DIP
Facility and professional fee administrative expenses.  Meanwhile,
the  EFIH Second Lien Notes accrue interest at a weighted average
rate of approximately 11.61% per year, Mr. Madron notes.

As with the repayment of the EFIH First Lien Notes, the EFIH
Debtors will create significant value by partially repaying the
EFIH Second Lien Notes, Mr. Madron further tells the Court.
Specifically, by using $750 million to repay in part the EFIH
Second Lien Notes,  the EFIH Debtors can prevent an estimated $66
million in accrued postpetition interest claims through December
2015, Mr. Madron relates.  In light of these estimated savings,
agreeing to a Consent Fee of up to $13.5 million, which is payable
upon entry of the Repayment Order and the Revised DIP Order, unless
stayed, is a sound financial decision, Mr. Madron asserts.  

Peg Brickley, writing for Daily Bankruptcy Review, reported that
the proposed payoff of as much as $750 million against a $2.15
billion issue of bonds involves debt linked to the division that
owns a majority stake in Oncor, a valuable Texas transmissions
business.  The Oncor stake is going up for auction, and "it is
almost certain" that investors have more than enough collateral to
secured the debt of the division, Energy Future Intermediate,
company lawyers wrote, the DBR said.

A hearing on the Debtors' request is scheduled for March 10, 2015,
at 9:30 a.m.  Objections are due Feb. 26.

                     About Energy Future

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

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

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

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

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

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

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

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

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


ENGLOBAL CORP: NGP Energy Discloses 8.3% Stake as of Dec. 31
------------------------------------------------------------
NGP Energy Technology Partners II, L.P., et al., disclosed in an
amended Schedule 13G filed with the U.S. Securities and Exchange
Commission that as of Dec. 31, 2014, they beneficially owned
2,290,537 shares of common stock of ENGlobal Corp, which represents
8.3 percent of the 27,732,030 oustanding shares as of Nov. 6, 2014,
based on information publicly disclosed by the Issuer.  A full-text
copy of the regulatory filing is available for free at
http://is.gd/IZxrU9

                          About ENGlobal

Houston-based ENGlobal Corporation (Nasdaq: ENG) is a provider of
engineering and related project services primarily to the energy
sector throughout the United States and internationally.  ENGlobal
operates through two business segments: Automation and
Engineering.  ENGlobal's Automation segment provides services
related to the design, fabrication and implementation of advanced
automation, control, instrumentation and process analytical
systems.  The Engineering segment provides consulting services for
the development, management and execution of projects requiring
professional engineering, construction management, and related
support services.

ENGlobal incurred a net loss of $2.98 million for the year ended
Dec. 28, 2013, a net loss of $33.60 million for the year ended
Dec. 29, 2012 and a net loss of $7.07 million for the year ended
Dec. 31, 2011.


ERF WIRELESS: Issues 38.4 Million Common Shares
-----------------------------------------------
From Feb. 7 through Feb. 13, 2015, ERF Wireless, Inc., issued
38,442,745 common stock shares pursuant to existing Convertible
Promissory Notes, according to a Form 8-K filed with the U.S.
Securities and Exchange Commission.  The Company receives no
additional compensation at the time of the conversions beyond that
previously received at the time the Convertible Promissory Notes
were originally issued.  The shares were issued at an average of
$0.000443 per share.  The issuance of the shares constitutes
17.301% of the Company's issued and outstanding shares based on
222,198,690 shares issued and outstanding as of Feb. 6, 2015.

                        About ERF Wireless

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

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

As of Sept. 30, 2014, the Company had $3.59 million in total
assets, $10.4 million in liabilities, and a $6.84 million
shareholders' deficit.


EURAMAX INTERNATIONAL: Amends Secured Revolving Credit Facility
---------------------------------------------------------------
Euramax Holding, Inc., on Feb. 6, 2015, entered into a Ninth
Amendment to the Amended and Restated Senior Secured Revolving
Credit and Guaranty Agreement.  Borrowings under the revolving
credit facility made available pursuant to the ABL Credit Facility
are subject to a borrowing base limit and satisfaction of certain
conditions.  The borrowing base for the existing revolving credit
facility includes, subject to notice by the Company and the
satisfaction of certain other specified conditions, three mutually
exclusive seasonal overadvance amounts, "Seasonal Overadvance (Type
A)" in the amount of $15 million, "Seasonal Overadvance (Type B)"
in the amount of $9 million and "Seasonal Overadvance (Type C)" in
the amount of $6 million.  Pursuant to the Amendment, the Company
requested the addition of the "Seasonal Overadvance (Type B)"
amount to the borrowing base, and the ABL Credit Facility was
amended to, among other items:

    (i) provide for alternate conditions for the "Seasonal
        Overadvance (Type B)" amount, which will only apply during
        a specified period in fiscal year 2015;

   (ii) condition availability of the "Seasonal Overadvance (Type
        A)" amount on the continued satisfaction of the applicable
        overadvance conditions relating thereto; and

  (iii) amend the financial covenants to, among other things,
        change certain of the conditions governing when such  
        financial covenants are applicable.

Pursuant to the Amendment, if the "Seasonal Overadvance (Type B)"
conditions are not satisfied at any time during the period from
Jan. 26, 2015, through April 30, 2015, then the alternate "Seasonal
Overadvance (Type B)" conditions will apply instead during that
period.  Pursuant to the alternate "Seasonal Overadvance (Type B)"
conditions, inclusion of the alternate "Seasonal Overadvance (Type
B)' amount in the borrowing base shall be subject to, among other
conditions, (i) the Company's demonstrating compliance with (A) a
U.S. fixed charge coverage ratio for the most recently ended
twelve-month test period of 0.85 to 1.00 and (B) a specified
minimum consolidated adjusted EBITDA covenant for the most recently
ended twelve-month period of $52,000,000, (ii) payment of a fee
equal to 0.20% of the applicable seasonal overadvance amount and
(iii) other customary conditions.

In addition, the Amendment amended the ABL Credit Facility to
condition availability of the "Seasonal Overadvance (Type A)"
amount in the borrowing base on the continued compliance with the
applicable overadvance conditions for such amount.  Under the ABL
Credit Facility the "Seasonal Overadvance (Type A)" amount is
available to the Company from February 1 of each year through May
31 of each such year (each, a "Type A Period"), subject to among
other conditions (i) the Company's demonstrating compliance with a
fixed charge coverage ratio covenant of 1.00 to 1.00, (ii) payment
of the Seasonal Overadvance Fee (except to the extent already paid
during such calendar year), (iii) other customary conditions and
(iv) pursuant to the Amendment, continued compliance with the
foregoing eligibility requirements with respect to any Type A
Period, with the "Type A" seasonal overadvance amount being reduced
to $0 at any time such conditions fail to be satisfied during such
Type A Period.

The Amendment also (i) provides for the suspension of the testing
of the fixed charge coverage ratio financial covenant in the ABL
Credit Facility that is otherwise applicable during certain
financial covenant testing periods at any time when the regular
"Seasonal Overadvance (Type B)" conditions or the "Seasonal
Overadvance (Type C)" conditions are satisfied, and (ii) provides
for the suspension of the testing of the minimum consolidated
adjusted EBITDA covenant that is otherwise applicable during
certain financial covenant testing periods at any time when the
regular "Seasonal Overadvance (Type B)" conditions and the
"Seasonal Overadvance (Type C)" conditions are not satisfied.

                           About Euramax

Based in Norcross, Georgia, Euramax International, Inc., is an
international producer of aluminum, steel, vinyl and
fiberglass products for original equipment manufacturers,
distributors, contractors and home centers in North America and
Western Europe.  The Company was acquired for $1 billion in 2005
by management and Goldman Sachs Capital Partners.

Euramax Int'l has subsidiaries in Canada (Euramax Canada, Inc.),
United Kingdom (Ellbee Limited and Euramax Coated Products
Limited), and The Netherlands (Euramax Coated Products B.V.), and
France (Euramax Industries S.A.).

Euramax Holdings reported a net loss of $24.9 million in 2013, a
net loss of $36.8 million in 2012 and a net loss of $62.7
million in 2011.

As of Sept. 26, 2014, the Company had $599 million in total assets,
$746 million in total liabilities, and a $147 million total
shareholders' deficit.

                         Bankruptcy Warning

"Any default under the agreements governing our indebtedness,
including a default under the ABL Credit Facility and the Senior
Unsecured Loan Facility, that is not waived by the required
holders of such indebtedness, could leave us unable to pay
principal, premium, if any, or interest on the Notes and could
substantially decrease the market value of the Notes.  If we are
unable to generate sufficient cash flow and are otherwise unable
to obtain funds necessary to meet required payments of principal,
premium, if any, or interest on such indebtedness, or if we
otherwise fail to comply with the various covenants, including
financial and operating covenants, in the instruments governing
our existing and future indebtedness, including the ABL Credit
Facility and the Senior Unsecured Loan Facility, we could be in
default under the terms of the agreements governing such
indebtedness.  In the event of such default, the holders of such
indebtedness could elect to declare all the funds borrowed
thereunder to be due and payable, together with any accrued and
unpaid interest, the lenders under the ABL Credit Facility could
elect to terminate their commitments, cease making further loans
and institute foreclosure proceedings against the assets securing
such facilities and we could be forced into bankruptcy or
liquidation," the Company said in the 2013 Annual Report.

                            *     *     *

As reported by the TCR on Dec. 13, 2012, Moody's Investors Service
downgraded Euramax International, Inc.'s corporate family rating
and probability of default rating to Caa2 from Caa1.  The
downgrade reflects Moody's expectation that the turmoil in
global financial markets and weakness in Europe will continue to
hamper Euramax's revenues and operating margins as well as weaken
key credit metrics.

The TCR, in its July 31, 2014, report, stated that Standard &
Poor's Ratings Services had revised its rating outlook on
Norcross, Ga.-based Euramax International Inc. to negative from
stable and affirmed its 'B-' corporate credit rating.


EXELIXIS INC: FMR LLC Reports 8.4% Stake as of Dec. 31
------------------------------------------------------
Each of FMR LLC, Edward C. Johnson 3d and Abigail P. Johnson
disclosed beneficial ownership of 16,537,441 shares of common stock
of Exelixis Inc. as of Dec. 31, 2014, which represents 8.4 percent
of the shares outstanding.

Edward C. Johnson 3d is a director and the chairman of FMR
LLC and Abigail P. Johnson is a director, the vice chairman, the
chief executive officer and the president of FMR LLC.

A copy of the Schedule 13G is available for free at:

                        http://is.gd/AGK2WA

                        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.


EXELIXIS INC: T. Rowe Price Reports 9.5% Stake as of Dec. 31
------------------------------------------------------------
T. Rowe Price Associates, Inc., disclosed that as of Dec. 31, 2014,
it beneficially owned 18,560,450 shares of common stock of Exelixis
Inc., which represents 9.5 percent of the shares outstanding.  A
copy of the Schedule 13G is available at:

                       http://is.gd/SCcWam

                        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.


EXIDE TECHNOLOGIES: JPMorgan Pushes Back Plan Approval Date
-----------------------------------------------------------
Exide Technologies entered into an amendment dated as of Feb. 13,
2015, to the Amended and Restated Superpriority
Debtor-in-Possession Credit Agreement, dated as of July 12, 2013,
by and among the Company, as US Borrower, Exide Global Holding
Netherlands C.V., as Foreign Borrower, the lenders from time to
time party thereto and JPMorgan Chase Bank, N.A., as Agent.  The
Amendment extends certain milestones relating to the Company's
restructuring efforts. Specifically, the Amendment extends the
milestones for the confirmation of Exide's plan of reorganization
from March 25, 2015 until March 31, 2015.

A copy of Amendment No. 11 is available at http://is.gd/eWiWIR

                       About Exide Technologies

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

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

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

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

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

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

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

                            *     *     *

In November 2014, the Bankruptcy Court terminated Exide's Exclusive
period to propose a Chapter 11 plan.  The Court ordered that any
party-in-interest, including the Official Committee of Unsecured
creditors may file and solicit acceptance of a Chapter 11 Plan.

Exide filed a reorganization plan, providing that (a) Reorganized
Exide's debt at emergence will comprise: (i) an estimated $225
million Exit ABL Revolver Facility; (ii) $264.1 million of New
First Lien High Yield Notes; (iii) $283.8 million of New Second
Lien Convertible Notes.  The Debtor's non-debtor European
subsidiaries are also expected to have approximately $23 million;
(b) The New Second Lien Convertible Notes will be convertible into
80% of the New Exide Common Stock on a fully diluted basis; and (c)
New Exide Common Stock would be allocated as follows: 15.0% to
Holders of Senior Secured Note Claims after conversion of the New
Second Lien Convertible Notes into New Exide Common Stock; 3.0% on
account of the DIP/Second Lien Conversion Funding Fee; and 2.0% on
account of the DIP/Second Lien Backstop Commitment Fee.

Exide entered into an amended and restated plan support agreement
with holders of a majority of the principal amount of its senior
secured notes.

A full-text copy of the Disclosure Statement dated Nov. 17, 2014,
is available at http://bankrupt.com/misc/EXIDEds1117.pdf

In December 2014, Judge Kevin Carey denied the request of Exide
shareholders for appointment of an official equity holders'
committee.  The shareholders objected to the Plan.

On Feb. 4, 2015, Exide disclosed that the Bankruptcy Court approved
the adequacy of the Company's disclosure statement with respect to
its Plan.  The hearing to confirm the POR is scheduled for March
27, 2015.

The Plan is supported by two of the Company's principal creditor
constituencies -- the official committee of unsecured creditors and
certain members of the unofficial committee of senior secured
noteholders -- and contemplates significant improvement to the
Company's balance sheet by, among other things, deleveraging the
Company by approximately $600 million.

The Bankruptcy Court also approved a Second Amended Plan Support
Agreement, Backstop Commitment Agreement, Rights Offering
Procedures, and a tripartite global settlement agreement entered
into with the UCC and certain members of the UNC.  Certain of those
holders, through the Backstop Commitment Agreement, committed to
backstop up to $160 million of second lien convertible notes to be
offered pursuant to a $175 million rights offering.


FEDERAL RESOURCES: Court OKs Consolidation of Chapter 11 Cases
--------------------------------------------------------------
U.S. Bankruptcy Judge Joel T. Marker ordered that the Chapter 11
cases of Federal Resources Corporation and Camp Bird Colorado,
Inc,. will be administratively consolidated, for procedural
purposes only, under Case No. 14-33427.

The Court also ordered that one docket will be maintained for the
jointly administered case.  All pleadings and motions are to be
filed in Case No. 14-33427.

The Debtors, in their motion, stated that the relief is appropriate
because, among other things, similar issues and common creditors
exists in both cases and substantive consolidation will ensure the
equitable treatment of all creditors at the lowest cost.

                     About Federal Resources

Federal Resources Corporation and Camp Bird Colorado, Inc., filed
voluntary petitions for protection under Chapter 11 of the
Bankruptcy Code on Dec. 29, 2014, with the U.S. Bankruptcy Court
for the District of Utah (Salt Lake City).  The Debtors are
represented by David E. Leta, Esq., and Andrew V. Hardenbrook,
Esq., at Snell & Wilmer L.L.P.



FEDERAL RESOURCES: Taps Murphy Armstrong to Handle Idaho Lawsuit
----------------------------------------------------------------
Federal Resources Corporation asks the U.S. Bankruptcy Court for
permission to employ Murphy, Armstrong & Felton, LLP, as special
counsel to represent the Debtor in a lawsuit in Idaho.

In 2011, the United States of America, Department of Agriculture
filed a lawsuit against the Debtor, and others pending in the U.S.
District Court for the District of Idaho.  The Idaho lawsuit sought
the reimbursement of financial obligations incurred by the U.S.
pursuant to the Comprehensive Environmental Response Compensation
And Liability Act (CERCLA), for environmental cleanup activities
the Conjecture Mine site in Bonner County, Idaho and at the Minnie
Moore Mine site in Blaine County, Idaho that were completed in
2007.  The Debtor filed a counterclaim against the U.S. in the
action alleging arranger liability under CERCLA.

The Debtor has been represented by MAF in the Idaho lawsuit, and
MAF's fees and costs have been paid by the Debtor's insurance
carrier.

Snell & Wilmer L.L.P, as counsel, will have a limited appearance in
the Idaho lawsuit.

In this relation, MAF will to represent the Debtor in connection
with the appeal of any final enforceable judgment that might be
entered in that case pending before the District Court.

Federal Resources is represented by:

         David E. Leta, Esq.
         Andrew V. Hardenbrook, Esq.
         SNELL & WILMER L.L.P.
         15 W. South Temple, Suite 1200
         Salt Lake City, UT 840101
         Tel: (801) 257-1900
         Fax: (801) 257-1800
         E-mail: dleta@swlaw.com
                 ahardenbrook@swlaw.com

                     About Federal Resources

Federal Resources Corporation and Camp Bird Colorado, Inc., filed
voluntary petitions for protection under Chapter 11 of the
Bankruptcy Code on Dec. 29, 2014, with the U.S. Bankruptcy Court
for the District of Utah (Salt Lake City).  The Debtors are
represented by David E. Leta, Esq., and Andrew V. Hardenbrook,
Esq., at Snell & Wilmer L.L.P.

On Jan. 27, the Chapter 11 cases of The Federal Bankruptcy Case and
Camp Bird Bankruptcy Case is administratively consolidated, under
Case No. 14-33427.



FEDERAL-MOGUL: Statute of Limitations Bars Fed-Mogul Trust Suit
---------------------------------------------------------------
Appellee T&N Limited was an asbestos manufacturer that faced
significant liability after the deadly qualities of its product
became clear.  Like many other asbestos manufacturers, it chose to
address this liability through a Chapter 11 bankruptcy
reorganization plan.  T&N's Plan, among other things, created the
Federal-Mogul Asbestos Personal Injury Trust.  The Plan transferred
to the Trust certain of T&N's assets and rights, with which the
Trust was to pay asbestos claims brought by persons who could have
sued T&N but for its bankruptcy.  While bankruptcy reorganization
plans typically discharge all of a reorganizing company's liability
upon plan confirmation, the Plan provided that T&N's asbestos
liability would continue post-confirmation, and that the Trust
would bring asbestos suits against T&N as the agent of the actual
claimants.  The purpose of this provision was to allow the Trust to
take advantage of a particular T&N insurance policy.

In a lawsuit filed in 2011, the Trust brought an asbestos claim
that had accrued roughly a decade earlier.  When T&N raised a
statute of limitations defense, the Trust argued that the
reorganization Plan allows it to bring the asbestos claims (and any
other asbestos claims that had not become stale prior to T&N's
filing for bankruptcy protection) whenever it wishes to do so until
all of the proceeds of T&N's insurance policy are exhausted.  The
district court disagreed.

Having reviewed the Plan documents and relevant provisions of the
Bankruptcy Code, the U.S. Court of Appeals for the First Circuit
affirmed the district court's dismissal of the Trust's suit on
statute of limitations grounds.

The appeals case is NORA M. BARRAFORD, individually and as
executrix of the estate of Daniel M. Barraford, by her agent THE
FEDERAL-MOGUL ASBESTOS PERSONAL INJURY TRUST, Plaintiff, Appellant,
KATHERINE LYDON, individually and as executrix of the estate of
John T. Lydon, Jr., Plaintiff, v. T&N LIMITED, f/k/a T&N PLC, f/k/a
Turner & Newell Plc, f/k/a Turner & Newell Limited; TAF
INTERNATIONAL LIMITED, f/k/a Turners Asbestos Fibres Limited, f/k/a
Raw Asbestos Distributors Limited, Defendants, Appellees, NO.
14-1281 (1st Cir.).  A full-text copy of the opinion dated Feb. 11,
2015, is available at http://is.gd/WyvnW1from Leagle.com.

Richard Levin, Esq. -- rlevin@cravath.com -- with whom Rowan D.
Wilson, Esq. -- rwilson@cravath.com -- and Cravath, Swaine & Moore
LLP were on brief, for appellants.

Mark A. Perry, Esq. -- mperry@gibsondunn.com -- with whom Scott P.
Martin, Esq. -- smartin@gibsondunn.com -- Lindsay S. See, Esq. --
lsee@gibsondunn.com -- Gibson, Dunn & Crutcher LLP, Bruce F. Smith,
Esq. -- bsmith@jagersmith.com -- Steven C. Reingold, Esq. --
sreingold@jagersmith.com -- Timothy J. Durken, Esq. --
tdurken@jagersmith.com -- and Jager Smith P.C. were on brief, for
appellees.

                         About Federal-Mogul

Federal-Mogul Corporation is a supplier of powertrain, chassis and
as safety technologies, serving the world's foremost original
equipment manufacturers of automotive, light commercial, heavy-
duty, agricultural, marine, rail, off-road and industrial
vehicles, as well as the worldwide aftermarket.  Federal-Mogul was
founded in Detroit in 1899.  The Company is headquartered in
Southfield, Michigan, and employs nearly 41,000 people in 33
countries.

The Company filed for Chapter 11 protection (Bankr. Del. Case No.
01-10582) on Oct. 1, 2001.  Attorneys at Sidley Austin and
Pachulski, Stang, Ziehl & Jones, P.C., represented the Debtors in
their restructuring effort.  When the Debtors filed for protection
from their creditors, they listed $10.15 billion in assets and
$8.86 billion in liabilities.  Attorneys at The Bayard Firm
represented the Official Committee of Unsecured Creditors.

The Debtors' Reorganization Plan was confirmed by the Bankruptcy
Court on Nov. 8, 2007, and affirmed by the District Court on
Nov. 14, 2007.  Federal-Mogul emerged from Chapter 11 on Dec. 27,
2007.


FIRST WIND: S&P Withdraws 'B-' ICR After Debt Pay-Off
-----------------------------------------------------
Standard & Poor's Ratings Services said it withdrew its 'B-' issuer
credit rating, 'B' senior secured issue rating, and '2' recovery
rating on First Wind Capital LLC.

First Wind Capital and First Wind Holdings LLC recently completed
the sale of their interest to SunEdison Inc. and TerraForm Power
Inc. for about $2.4 billion.  First Wind Capital used proceeds to
repay its outstanding debt obligations.  As a result, S&P has
withdrawn the issuer credit, issue, and recovery ratings on First
Wind Capital.



FRED FULLER: U.S. Trustee Forms Creditors' Committee
----------------------------------------------------
The U.S. trustee overseeing the bankruptcy case of Fred Fuller Oil
& Propane Co., Inc. appointed three creditors to serve on an
official committee of unsecured creditors.

The unsecured creditors' committee is composed of:

     (1) Mr. William H. Craig
         Tarantin Industries, Inc.
         86 Vanderveer Road
         Freehold, NJ 07728
         Attn: Mr. William H. Craig, CEO/CFO

     (2) J.A. Marino Automatic Heating Supply Co., Inc.
         80 Maple Street
         Manchester, NH 03103
         Attn: Mr. Joseph A. Marino, President

     (3) Sanel Auto Parts Co.
         129 Manchester Street
         P.O. Box 1254
         Concord, NH 03049         
         Attn: Mr. George LeCours, Credit Manager

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                      About Fred Fuller Oil

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

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

William S. Gannon, Esq., at William S. Gannon PLLC, in Manchester,
serves as counsel to the Debtor.  Fredrick J. Fuller, the
president, signed the bankruptcy petition.


FREEDOM INDUSTRIES: Two Ex-Officials to Plead Guilty in Spill Case
------------------------------------------------------------------
Patrick Fitzgerald, writing for The Wall Street Journal, reported
that two former Freedom Industries officials facing criminal water
pollution charges agreed to plead guilty in connection with the
government's case over a chemical leak that contaminated the water
supply for 300,000 people in West Virginia last year.

William Tis and Charles E. Herzing will plead guilty, the report
said, citing filings by Assistant U.S. Attorney Philip H. Wright in
U.S. District Court in Charleston, W.Va.  The two men had earlier
pleaded not guilty to charges that they failed to safely operate a
Freedom-owned chemical-storage facility, the Journal noted.


GELTECH SOLUTIONS: Reports $1.18-Mil. Net Loss in Dec. 31 Quarter
-----------------------------------------------------------------
GelTech Solutions, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing a
net loss of $1.18 million on $156,000 of sales for the three months
ended Dec. 31, 2014, compared to a net loss of $2.05 million on
$65,000 of sales for the same period in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $1.5 million
in total assets, $2.81 million in total liabilities, and a total
stockholders' deficit of $1.31 million.

As of Dec. 31, 2014, the Company had an accumulated deficit and
stockholders' deficit of $37.26 million and $1.31 million,
respectively, and incurred losses from operations of $2.35 million
for the six months ended Dec. 31, 2014 and used cash in operations
of $2.03 million during the six months ended Dec. 31, 2014.  In
addition, the Company has not yet generated revenue sufficient to
support ongoing operations.  These factors raise substantial doubt
regarding the Company's ability to continue as a going concern.

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/uZvpDX
                          
Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

The Company reported a net loss of $950,000 on $111,000 of sales
for
the three months ended Sept. 30, 2014, compared to a net loss of
$1.91 million on $530,800 of sales for the same period last year.

As of Sept. 30, 2014, the Company had $1.35 million in total
assets, $2.78 million in total liabilities, and a $1.43 million
total stockholders' deficit.

As of Nov. 14, 2014, the Company had approximately $640,000 in
available cash.


GOOD SHEPHERD: Moody's Assigns Ba3/SG Rating to $88MM 2015A Bonds
-----------------------------------------------------------------
Moody's assigns a Ba3/SG rating to Good Shepherd Health System's
(GSHS) proposed $88 million of Series 2015A bonds.  The bonds
mature in 2029 and have a two-year mandatory tender.  The rating
outlook is negative.  At this time, Moody's is confirming the Ba3
rating on outstanding bonds; the rating was placed on review for
downgrade on Oct. 23, 2014.

Moody's Rating:

   -- Issue: Hospital Revenue Refunding Bonds (Good Shepherd
      Health System Obligated Group) Series 2015A;

   -- Rating: Ba3/SG;

   -- Sale Amount: $88,000,000;

   -- Expected Sale Date: 02-26-2015;

   -- Rating Description: Revenue: Other

Confirmation of the Ba3 rating is based on the system's completion
of asset sales, increase in liquidity from sale proceeds and
expected release of collateral following the proposed financing and
the anticipated release of forbearance agreements in conjunction
with the financing which will refund the outstanding bank debt.
The rating also reflects the system's leading market position as
the largest comprehensive provider in the region and ongoing
turnaround initiatives.

The rating incorporates significant challenges related to reversing
large operating losses and improving very weak operating cashflow
in the face of a competitor that is gaining volumes and market
share.

The SG short-term rating reflects the high degree of risk of paying
or refinancing the 2-year mandatory tender on the proposed Series
2015A bonds given the issuer's credit profile, as indicated by the
long-term rating.

The negative outlook reflects challenges reducing operating losses
given material volume losses to a competitor and refinancing risks
related to a 2-year mandatory tender of the Series 2015A bonds.

What could make the rating go up:

   -- significant and sustained improvement in operating margins

   -- elimination of acceleration risk

   -- permanent financing at economical terms to GSHS

   -- stability of volumes

What could make the rating go down:

   -- failure to meet covenants or reduced headroom under
      covenants

   -- increased acceleration risk

   -- decline in liquidity beyond expected moderate decline in
      fiscal year 2015

   -- failure to meet FY15 budget or continued volume losses

Good Shepherd Health System consists of two acute care hospitals,
42 clinics, two physician networks, a joint venture ambulatory
surgery center, a joint venture home health agency and other
ancillary services.  The health system's flagship hospital, Good
Shepherd Medical Center, operates in Longview, Texas and staffs 399
beds

GSMC's bonds are secured by the Pledged Revenues of the GSMC
Obligated Group, which includes the parent Good Shepherd Health
System, Good Shepherd Medical Center, and Good Shepherd Medical
Center -- Marshall.  With the issuance of the Series 2015A bonds, a
supplemental to the Master Trust Indenture (MTI) amends financial
covenants such that the Series 2015A covenants apply to the parity
debt issued under the MTI as long as the Series 2015A bonds are
outstanding.  Debt service reserve funds exist.

Financial covenants are based on the obligated group only;
physician-related organizations, included in the health system and
in the ratios above, are not included which provides greater
headroom under covenants than if they were based on the health
system.  Covenants include (1) minimum debt service coverage of
1.25 times (event of default if under 1.00 times), measured
quarterly; (2) minimum days cash on hand of 90 days, measured
semi-annually; and (3) maximum debt-to-capitalization of 60%,
measured quarterly. There are limitations on additional debt.

The Series 2015A bonds will be used to refund the Series 2012A and
Series 2013B bonds and fund a debt service reserve fund.

The principal methodology used in this rating was Not-for-Profit
Healthcare Rating Methodology published in March 2012.


GORDIAN MEDICAL: Hearing on Plan Outline Continued Until March 4
----------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on March 4, 2015,
at 2:00 p.m., to consider (i) approval of the Disclosure Statement;
and (ii) confirmation of Gordian Medical, Inc.'s First Amended Plan
of Reorganization dated Jan. 13, 2015.  Objections, if any, are due
Feb. 18.

At the hearing, the Court will also consider, among other things:

   1) motion for order disallowing Claim Nos. 51-1, 51-2 and 52-1
filed by the United States on behalf of the U.S. Department of
Health & Human Services;

   2) motion of the Debtor for order approving settlement between
the Debtor and United States of America on behalf of the Internal
Revenue Service; and

   3) motion of the Debtor for order approving settlement between
the Debtor and The California Franchise Tax Board; and

   4) motion of the Debtor for order approving settlement between
the Debtor and The United States of America, acting through the
United States Department of Health and Human Services and the
Centers for Medicare and Medicaid Services.

The March 4 hearing is a continuation of the Feb. 18 hearing.

As reported in the Troubled Company Reporter on Jan. 16, 2015, the
Plan provides for the payment of all allowed claims in full on the
later of the Effective Date and the date upon which a claim becomes
and allowed claim and the continued operation of the Debtor's
business.  The Debtor intends to fund payments required under the
Plan from the Debtor's cash on hand as of the Effective Date and a
contribution already made by Gerald Del Signore, the President of
the Debtor.

The Reorganized Debtor will pay all persons and entities holding
administrative claims that have not previously been paid 100% of
the allowed amount of the claims, plus interest, fees and costs on
the Effective Date or when the claim becomes an Allowed Claim,
whichever is later.

The Debtor intends to fund payments required under the Amended Plan
from the Debtor's cash on hand as of the Effective Date along with
a $15 million contribution previously made by Gerald Del Signore,
the President of the Debtor.  Of the $15 million, Mr. Del Signore
used approximately $1.5 million to pay all general non-governmental
unsecured claims.

The motion demonstrating the adequacy of the Plan and the Debtor's
memorandum in support of confirmation of the Plan will be filed on
Jan. 28, 2015, and will be available for review at that time.

A copy of the First Amended Plan is available for free at:

          http://bankrupt.com/misc/Gordian_1st_Am_Plan.pdf

                      About Gordian Medical

Gordian Medical, Inc., dba American Medical Technologies, filed a
Chapter 11 petition (Bankr. C.D. Cal. Case No. 12-12339) in Santa
Ana, California, on Feb. 24, 2012, after Medicare refunds were
halted.  Irvine, California-based Gordian Medical provides supplies
and services to treat serious wounds.  The Debtor has active
relationships with and serves patients in more than 4,000 nursing
facilities in 49 states with the heaviest concentration of the
nursing homes being in the south and southeast sections of the
United States.

In its schedules, the Debtor disclosed $37.9 million in assets and
$7.59 million in liabilities as of the Petition Date.

Judge Mark S. Wallace oversees the case.  

Jeffrey L Kandel, Esq., Teddy M Kapur, Esq., Samuel R. Maizel,
Esq., and Scotta E. McFarland, Esq., at Pachulski Stang Ziehl &
Jones LLP, represent the Debtor as counsel.  Fulbright & Jaworski
LLP serves as the Debtor's special regulatory counsel.  Loeb & Loeb
LLP serves as the Debtor's special tax counsel.  GlassRatner
Advisory & Capital Group LLC serves as the Debtor's financial
advisor.

The U.S. Trustee appointed five members to the Official Committee
of Unsecured Creditors.  The Committee is represented by Landau
Gottfried & Berger LLP.



GREEN AUTOMOTIVE: IGP No Longer a Shareholder as of Jan. 22
-----------------------------------------------------------
Ironridge Global Partners, LLC, disclosed in a regulatory filing
with the U.S. Securities and Exchange Commission that it sold all
of its shares of Ironridge Global IV, Ltd., to Dragonox
Investments, Ltd., on Jan. 22, 2015.  As a result, IV is no longer
a subsidiary of IGP.

As of Feb. 13, 2015, each of IGP, John C. Kirkland, Brendan T.
O'Neil, Richard H. Kreger and Keith R. Coulston has ceased to be
the beneficial owner of more than five percent of common stock
shares of Green Automotive Company.  IV continues to be the
beneficial owner of more than five percent of the class of
securities.

A copy of the Schedule 13G is available for free at:

                        http://is.gd/7FvLSd

                  About Green Automotive Company

Green Automotive Company is a vehicle design, engineering,
manufacturing and distribution company.  The Company also provides
after sales program.  It possesses a portfolio of businesses and
is active in three main market segments: Cutting edge technology
development, engineering and design with a focus on zero and low
emission vehicle solutions; Manufacturing and customization of
vehicles for markets with the potential to be converted into low
emission or electric vehicles, such as shuttle buses, taxis,
commercial vehicles, and After sales services for electric or low
emission vehicles, including servicing and repair.

The Company's balance sheet at June 30, 2014, showed $1.47 million
in total assets, $17.9 million in total liabilities, and a
stockholders' deficit of $16.5 million.

The Company has sustained recurring operating losses and past due
payables.  These conditions, among others, give rise to
substantial doubt about its ability to continue as a going
concern, according to the Company's Form 10-Q for the period ended
June 30, 2014.


GREEN EARTH: Reports $624,000 Net Loss for Second Quarter
---------------------------------------------------------
Green Earth Technologies, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $624,000 on $176,000 of net sales for the three months
ended Dec. 31, 2014, compared to net income of $1.72 million on
$616,000 of net sales for the same period in 2013.

For the six months ended Dec. 31, 2014, the Company reported a net
loss of $1.71 million on $570,000 of net sales compared to a net
loss of $99,000 on $1.75 million of net sales for the same period a
year ago.

As of Dec. 31, 2014, Green Earth had $15.84 million in total
assets, $26.33 million in total liabilities and a $10.48 million
total stockholders' deficit.

"Due to the Company's limited capital, recurring losses and
negative cash flows from operations and the Company's limited
ability to pay outstanding liabilities, there is substantial doubt
about its ability to continue as a going concern," the Company
stated in the Report.

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

                         http://is.gd/mbYSJB

                  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.

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: Wins More Time to Exit Bankruptcy Protection
---------------------------------------------------------
Patrick Fitzgerald, writing for Daily Bankruptcy Review, reported
that a bankruptcy judge said GT Advanced Technologies Inc. can have
more time more time to develop a plan to exit bankruptcy protection
following its break from Apple Inc.

According to the report, Judge Henry J. Boroff of the U.S.
Bankruptcy Court in Manchester, N.H., gave GT Advanced until June 3
to file a plan explaining how the former Apple supplier expects to
pay off creditors.

                  About GT Advanced Technologies

Headquartered in Merrimack, New Hampshire, GT Advanced
Technologies
Inc. -- http://www.gtat.com/-- produces materials and equipment  
for the electronics industry.  On Nov. 4, 2013, GTAT announced a
multiyear supply deal with Apple Inc. to produce sapphire glass
material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

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

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

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

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

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

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


HEI INC: Holds Auction, Brings in $4.44 Million in Sales
--------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that a bankruptcy judge approved the sale of two
facilities of HEI Inc., a manufacturer of microelectronic devices,
for a total of $4.44 million.

According to the report, an auction was held where the price rose
60 percent.  The so-called stalking horse proposed to pay $2.8
million for two facilities in Victoria, Minnesota, and Tempe,
Arizona.  There were several bidders at auction, the Bloomberg
report related.  One facility went for $1.88 million and the other
for $2.54 million, the report added.

                          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., sought Chapter 11 protection (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 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 appointed three members to the Official Committee
of Unsecured Creditors.


HILAND PARTNERS: S&P Raises Corp. Credit Rating From 'B'
--------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating and senior unsecured issue ratings on Hiland Partners
L.P. to 'BBB-' from 'B' and removed the ratings from CreditWatch,
where S&P placed them with positive implications on Jan. 22, 2015.
This action follows Kinder Morgan Inc.'s (KMI) announcement that it
has closed on its acquisition of Hiland.

To analyze Hiland going forward, S&P will focus on KMI's
consolidated credit profile.  KMI's ratings are unaffected by the
transaction.



HIPCRICKET INC: Slated for Feb. 25 Auction If Competing Bids Emerge
-------------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Hipcricket Inc., a provider of software for
advertising over mobile devices, will be auctioned on Feb. 25 if
anyone competes with the offer from Sito Mobile Ltd.

According to the report, competing bids are due Feb. 23.  A hearing
to consider approval of the sale to Sito, or the successful bidder
at auction, is scheduled for Feb. 27, the report related.

                     About Hipcricket Inc.

Headquartered in Bellevue, Washington, Hipcricket, Inc., formerly
known as Augme Technologies, is a publicly held Delaware
corporation.  Hipcricket is in the business of providing
end-to-end, data-driven mobile advertising and marketing solutions
through its proprietary AD LIFE software-as-a service platform a
proprietary, mobile engagement platform for businesses to
communicate with customers through cellphones, tablets and other
mobile devices.  The Company had 77 full-time employees as of the
bankruptcy filing.

Hipcricket sought Chapter 11 protection (Bankr. D. Del. Case No.
15-10104) on Jan. 20, 2015, with a deal to sell its assets.

The Debtor has tapped Pachulski Stang Ziehl & Jones LLP as
counsel,
Canaccord Genuity Inc. as investment banker, Perkins Coie LLP as
special corporate counsel, and Omni Management Group, LLC,
as claims and noticing agent.

As of Jan. 20, 2015, the Company had total assets of $16.8 million
and liabilities of $12.06 million.

The U.S. Trustee for Region 3 appointed five creditors of
Hipcricket Inc. to serve on the official committee of unsecured
creditors.


IDERA PHARMACEUTICALS: Offering Common Shares at $3.75 Apiece
-------------------------------------------------------------
Idera Pharmaceuticals, Inc., announced the pricing of an
underwritten public offering of 20,000,000 shares of common stock
for a public offering price of $3.75 per share.  The Company has
granted to the underwriters participating in the offering a 30-day
option to purchase up to an additional 3,000,000 shares of common
stock.  All of the shares in the offering are to be sold by Idera.
The offering is expected to close on or about Feb. 19, 2015,
subject to customary closing conditions.

The gross proceeds to Idera from this offering are expected to be
approximately $75 million, before underwriting discounts and
commissions and offering expenses.  Idera intends to use the net
proceeds from this offering, together with existing cash, cash
equivalents and investments, to advance clinical development of
certain of its programs.  Goldman, Sachs & Co. and J.P. Morgan are
acting as joint bookrunning managers for the offering. Piper
Jaffray & Co. is acting as lead manager for the offering.

The shares are being offered by the Company pursuant to a shelf
registration statement previously filed with the Securities and
Exchange Commission on May 12, 2014, and declared effective by the
SEC on May 22, 2014.  A preliminary prospectus supplement
describing the terms of the offering was filed with the SEC on Feb.
9, 2015.  The final prospectus supplement relating to the offering
will be filed with the SEC and will be available on the SEC's Web
site at http://www.sec.gov. The offering will be made only by
means of the written prospectus and prospectus supplement that form
a part of the registration statement.  When available, copies of
the final prospectus supplement and the accompanying prospectus
relating to the securities being offered may also be obtained from
Goldman, Sachs & Co., Attention: Prospectus Department, 200 West
Street, New York, NY 10282, or by telephone at (866) 471-2526 or
e-mail at prospectus-ny@ny.email.gs.com; or from J.P. Morgan, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717 (telephone: 866-803-9204).

                    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 $19.2 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.


INT'L FOREIGN EXCHANGE: Files Supplement to Liquidating Plan
------------------------------------------------------------
International Foreign Exchange Concepts Holdings, Inc., has filed a
supplement to its Amended Liquidating Plan dated Jan. 23, 2015.

According to the disclosure statement, the Debtors believe that the
Plan provides the quickest recovery to creditors and will maximize
their return.  In addition, AMF-FXC Finance, LLC ("AMF"), which has
asserted claims for $34 million against each of IFEC Holdings and
IFEC LP (approximately 95% of all claims against each such entity),
similarly believes the Plan is reasonable, appropriate, and will
maximize recovery for all constituencies.

The Plan is a liquidating plan, and provides for the separate
treatment of each of the Debtors' Estates.  As a result of
substantial negotiations with AMF, the Plan contemplates that all
creditors other than AMF who hold allowed general unsecured claims
will be paid on, or as soon as reasonably practicable after, the
Effective Date of the Plan (i) in the IFEC LP bankruptcy case, cash
in an amount equal to 50% of such claims, and (ii) in the IFEC
Holdings bankruptcy case, cash in an amount equal to 10% of
such claims.  The Plan contemplates that FXC creditors will be paid
in full in cash.  AMF will receive the remaining net proceeds of
the IFEC Holdings and IFEC LP Assets, which are currently
estimated to be cash in an amount equal to 9% to 17% of AMF's
claims as of the Effective Date, plus rights to receive certain
payments in the future, if any.

A copy of the Plan Supplement is available for free at:

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

             About International Foreign Exchange

International Foreign Exchange Concepts Holdings, Inc., and
International Foreign Exchange Concepts, L.P., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
13-13380) on Oct. 17, 2013.

Judge Robert Gerber oversees the case.  Counsel to the Debtors is
Henry P. Baer, Jr., Esq., at Finn Dixon & Herling LLP, in
Stamford, Connecticut.  The Debtors' restructuring advisors is CDG
Group.  DiConza Traurig LLP serves as conflicts counsel.  The
Debtors' special counsel is Withers Bergman LLP.  The Debtors'
notice, claims, solicitation and balloting agent is Logan &
Company, Inc.

Counsel to AMF-FXC Finance LLC, the DIP lender, is Michael L.
Cook, Esq., and Christopher Harrison, Esq., at Schulte Roth &
Zabel LLP, in New York.

International Foreign Exchange Concepts Holdings Inc., the parent
of investment adviser FX Concepts LLC, sold assets for
$7.48 million to Ruby Commodities Inc., at an auction held
Nov. 25, 2013.  The sale was an old-fashioned auction with the
assets first offered in six lots and then in bulk.  The piecemeal
auction fetched combined bids of $3.38 million.  When the assets
were offered in bulk, Ruby came out on top with an offer of $7.48
million.



INT'L MANUFACTURING: Creditors Committee Down to 3 Members
----------------------------------------------------------
Tracy Hope Davis, the U.S. Trustee for Region 17, served a notice
of reconstitution of the Official Committee of Unsecured Creditors
in the Chapter 11 case International Manufacturing Group, Inc.
According to the U.S. Trustee, Jack T. Sweigart was removed from
the Committee while another member, Byron Younger, resigned.

The present Creditors Committee members are:

      1. Janine Jones
         2820 Ivy Knoll Drive
         Placerville, CA 95667

      2. Steve Whitesides
         P.O. Box 413
         Roseville, CA 95661

      3. Michael H. Hooper
         1752 Park Place Dr.
         Carmichael, CA 95608

               About International Manufacturing

Deepal Wannakuwatte, the mastermind of a $150 million Ponzi
scheme, put himself and his company, International Manufacturing
Group Inc., into Chapter 11 after he pleaded guilty to one count
of wire fraud and agreed to a 20-year prison sentence.  The
bankruptcy filing was part of his plea bargain with federal
prosecutors.  Mr. Wannakuwatte is the former owner of the
Sacramento Capitols tennis team.

International Manufacturing Group, Inc., filed a bare-bones
Chapter 11 bankruptcy petition (Bankr. E.D. Cal. Case No.
14-25820) in Sacramento, on May 30, 2014.  The case is assigned to
Judge Robert S. Bardwil.

The Debtor has tapped Marc A. Caraska, in Sacramento, as counsel.

In June 2014, Beverly N. McFarland was appointed as Chapter 11
trustee for the Debtor.  She has tapped Felderstein Fitzgerald
Willoughby & Pascuzzi LLP as her bankruptcy counsel; Diamond
McCarthy LLP as her special litigation counsel; Gabrielson &
Company as accountant; and Karen Rushing as bookkeeper outside the
ordinary course of business.

According to the docket, governmental entities have until Nov. 26,
2014, to file claims.

The U.S. Trustee for Region 7 appointed a three-member unsecured
creditors panel comprising of Byron Younger, Janine Jones, and
Steve Whitesides.



INT'L MANUFACTURING: Trustee Can Expand Diamond McCarthy Work
-------------------------------------------------------------
Beverly N. McFarland, acting Chapter 11 trustee for International
Manufacturing Group, Inc., won Bankruptcy Court approval of her
supplemental application to employ Diamond McCarthy LLP as special
litigation counsel.

As reported in the Jan. 13, 2015 edition of The Troubled Company
Reporter, the Chapter 11 Trustee supplemented the special counsel
retention application to expand the scope of Diamond McCarthy's
employment to include the prosecution of the contingency litigation
claims held by the estate and trustee against transferees of
preferences and fraudulent transfers, insiders and affiliates of
the Debtor and third parties, including, without limitation,
specific partners or co-investors with the principal of the Debtor
(Deepal Wannakuwatte), auditors, legal counsel, brokers, financial
institutions, and alleged fraudulent transfer recipients, among
others, on a contingency fee basis.

The contingency fee is payable by the estate, which contingency fee
will be approved in advance.

               About International Manufacturing

Deepal Wannakuwatte, the mastermind of a $150 million Ponzi
scheme, put himself and his company, International Manufacturing
Group Inc., into Chapter 11 after he pleaded guilty to one count
of wire fraud and agreed to a 20-year prison sentence.  The
bankruptcy filing was part of his plea bargain with federal
prosecutors.  Mr. Wannakuwatte is the former owner of the
Sacramento Capitols tennis team.

International Manufacturing Group, Inc., filed a bare-bones
Chapter 11 bankruptcy petition (Bankr. E.D. Cal. Case No.
14-25820) in Sacramento, on May 30, 2014.  The case is assigned to
Judge Robert S. Bardwil.

The Debtor has tapped Marc A. Caraska, in Sacramento, as counsel.

In June 2014, Beverly N. McFarland was appointed as Chapter 11
trustee for the Debtor.  She has tapped Felderstein Fitzgerald
Willoughby & Pascuzzi LLP as her bankruptcy counsel; Diamond
McCarthy LLP as her special litigation counsel; Gabrielson &
Company as accountant; and Karen Rushing as bookkeeper outside the
ordinary course of business.

According to the docket, governmental entities have until Nov. 26,
2014, to file claims.

The U.S. Trustee for Region 7 appointed a three-member unsecured
creditors panel comprising of Byron Younger, Janine Jones, and
Steve Whitesides.




INTELLIPHARMACEUTICS INT'L: Tekla Capital Reports 9% Stake
----------------------------------------------------------
Tekla Capital Management LLC and Daniel R. Omstead disclosed in an
amended Schedule 13G filed with the U.S. Securities and Exchange
Commission that as of Dec. 31, 2014, they beneficially owned
2,184,000 shares of common stock of Intellipharmaceutics
International Inc. representing 9 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/srJPd4

                    About Intellipharmaceutics

Toronto, Canada-based Intellipharmaceutics International Inc. is
incorporated under the laws of Canada.  Intellipharmaceutics is a
pharmaceutical company specializing in the research, development
and manufacture of novel and generic controlled-release and
targeted-release oral solid dosage drugs.  Its patented
Hypermatrix(TM) technology is a multidimensional controlled-
release drug delivery platform that can be applied to the
efficient development of a wide range of existing and new
pharmaceuticals.  Based on this technology,
Intellipharmaceuticshas a pipeline of product candidates in
various stages of development, including filings with the FDA in
therapeutic areas that include neurology, cardiovascular,
gastrointestinal tract, diabetes and pain.

Intellipharmaceutics incurred a net loss of US$11.5 million
for the year ended Nov. 30, 2013, following a net loss of
US$6.13 million for the year ended Nov. 30, 2012.

The Company's balance sheet at Aug. 31, 2014, showed $9.01 million
in total assets, $3.42 million in total liabilities and
$5.58 million in shareholders' equity.

Deloitte LLP, in Toronto, Canada, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Nov. 30, 2013.  The independent auditors noted that
Company's recurring losses from operations and the accumulated
deficit raise substantial doubt about its ability to continue as a
going concern.


ISC8 INC: Can Access Cash Collateral; Sale Hearing on Feb. 19
-------------------------------------------------------------
ISC8 Inc, the Official Committee of the Unsecured Creditors and
"Newco", an entity to be formed by equity holders or creditors of
the Company: Griffin Fund; Griffin Fund LP; Griffin Fund II LP;
Griffin Partners, LLC; Griffin Partners II LP; and Fundamental
Credit LP; Fundamental Master LP  (collectively, the "Purchaser")
entered into a stipulation to:

    (i) permit the Company to use cash collateral on an interim
        basis to pay all of its expenses incurred through Feb. 19,
        2015; and

   (ii) continue the hearing on the Company's motion for the sale
        of substantially all of its assets to Feb. 19, 2015, at
        9:00 am, which Stipulation was approved by the Court on
        the same date.

The Sale Hearing was originally scheduled for Jan. 28, 2015.  In
accordance with the Stipulation, any deadline in the Asset Purchase
Agreement, entered into by the Company and the Purchaser on Jan. 5,
2015, affected by the continued Sale Hearing will be extended as
necessary.

                 December Monthly Operating Report

ISC8 filed a copy of its monthly operating report for December 2014
with the U.S. Securities and Exchange Commission.

ISC8 reported a net loss of $274,000 for the month.  As of
Dec. 31, 2014, ISC8 had $5.24 million in total assets,
$16.8 million in total liabilities and a $11.51 million total
deficit.

At the beginning of the month, the Company had $401,700 in cash.
The Company reported total receipts of $882,000 and total
disbursements of $375,000.  At Dec. 31, 2014, the Company had
$908,500 in cash.

A copy of the MOR as filed with the SEC is available at:

                        http://is.gd/j03Q0s

                          About ISC8 Inc.

ISC8 Inc. filed a Chapter 11 bankruptcy petition in the United
States Bankruptcy Court for the Central District of California,
Santa Ana division (Bankr. C.D. Cal. Case No. 14-15750) on Sept.
23, 2014.  The petition was signed by Kirsten Bay as president and
CEO.

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.

The Debtor estimated assets of $1 million to $10 million and
reported total liabilities of $14 million.  Ezra Brutzkus Gubner
LLP serves as the Debtor's counsel.  The case is assigned to Judge
Scott C. Clarkson.



IVANHOE ENERGY: Receives Default Notice From BNY Mellon
-------------------------------------------------------
Ivanhoe Energy Inc. on Feb. 16 disclosed that the company received
a letter from The Bank of New York Mellon, as trustee of the
company's outstanding 5.75% convertible, unsecured, subordinated
debentures.  The letter notified the company that an Event of
Default has occurred by reason of the company not paying the
interest due on the debentures on December 31, 2014 and the
expiration of the 30-day grace period for paying the interest
payment.

As Ivanhoe Energy previously reported in news releases on December
12, 2014 and January 29, 2015, the company did not expect to make
the cash interest payment of approximately C$2.1 million (US$1.8
million), which was due on December 31, 2014 in respect of its
outstanding debentures.  Under the indenture governing the
debentures, a failure to make an interest payment is subject to a
30-day grace period.

The aggregate principal amount of debentures outstanding under the
indenture is C$73.3 million, plus accrued and unpaid interest of
approximately C$2.1 million (US$1.8 million).  The notice demanded
that the company immediately pay the interest payment.

The company continues to be actively engaged in discussions with
various stakeholders to recapitalize the company.  Strategic and
financial alternatives under consideration are focused on relieving
the financial burden of the company's current debt structure and
obtaining additional financing necessary to fund ongoing
operations.  There can be no assurance that the current process
will result in a transaction or, if a transaction is undertaken,
that it will be successfully concluded in a timely manner or at
all.

                          Ivanhoe Energy

Ivanhoe Energy -- http://www.ivanhoeenergy.com/-- is an
independent international heavy-oil exploration and development
company focused on pursuing long-term growth using advanced
technologies, including its proprietary heavy-oil upgrading process
(HTL(R)).


IZEA INC: Frost Gamma No Longer a Shareholder as of Dec. 31
-----------------------------------------------------------
Frost Gamma Investments Trust disclosed in an amended Schedule 13G
filed with the U.S. Securities and Exchange Commission that as of
Dec. 31, 2014, it has ceased to be the beneficial owner of shares
of common stock of Izea Inc.  The reporting person previously held
465,125 shares as of Dec. 31, 2012.  A copy of the regulatory
filing is available for free at http://is.gd/Br8zlo

                          About IZEA, Inc.

IZEA, Inc., headquartered in Orlando, Fla., considers itself the
world leader in social media sponsorships ("SMS"), a rapidly
growing segment within social media where a company compensates a
social media publisher to share sponsored content within their
social network.  The Company accomplishes this by operating
multiple marketplaces that include its platforms SocialSpark,
SponsoredTweets and WeReward, as well as its legacy platforms
PayPerPost and InPostLinks.

IZEA reported a net loss of $3.32 million on $6.62 million
of revenue for the 12 months ended Dec. 31, 2013, as compared with
a net loss of $4.67 million on $4.95 million of revenue during
2012, and a net loss of $3.98 million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $10.8
million in total assets, $7.80 million in total liabilities and
$2.99 million in total stockholders' equity.


LAKESIDE 370: Court Determines Eligiblity as Chapter 9 Debtor
-------------------------------------------------------------
The Bankruptcy Court entered an order providing that Lakeside 370
Levee District is a municipality eligible to be a Debtor under
Chapter 9 of the United States Code.  The Court also ordered that
the objection of William T. Ottenad, along with any and all other
objections, are overruled.

                 About Lakeside 370 Levee District

In May 2006, the Circuit Court of St. Charles County entered an
order creating Lakeside 370 Levee District as a levee district
formed by and according to law.  The district was formed for the
purpose of protecting land within the boundaries of the levee
district, which consists of 1,270 acres of land on the north and
south sides of Interstate Highway 370 in St. Charles County, in the
State of Missouri.  Lakeside 370 has the right, power, duty,
and authority under Chapter 245 R.S.Mo. to levy assessments upon
the land within the District.

Lakeside 370 sought bankruptcy protection under Chapter 9 of the
Bankruptcy Code (Bankr. E.D. Mo. Case No. 14-46094) in St. Louis,
Missouri on Aug. 1, 2014.  Ryan D. Hodges, the president, signed
the bankruptcy petition.  The Debtor estimated assets and debt of
$10 million to $50 million.

The Debtor has tapped attorneys at Goldstein and Pressman, P.C., as
counsel.



LAKESIDE 370: March 10 Hearing on Confirmation of Chapter 9 Plan
----------------------------------------------------------------
U.S. Bankruptcy Judge Kathy A. Surratt-States will convene a
hearing on March 10, 2015, at 11:00 a.m., to consider the
confirmation of  Lakeside 370 Levee District's Chapter 9 Plan dated
Jan. 26, 2015.  Objections, if any, are due March 3.

The Debtor will begin soliciting votes on the Plan following
approval of the adequacy of the information in the First Amended
Disclosure Statement.

Ballots accepting or rejecting the plan are due March 3, at 4:30
p.m.  Ballots must be delivered to counsel for the Plan Proponent,
at this address:

         Steven Goldstein, Esq.
         GOLDSTEIN & PRESSMAN, P.C.,
         10326 Old Olive Street Road
         St. Louis, MO 63141-5922

According to the Disclosure Statement, the Debtor said that it is
not aware of the existence of any creditor holding alien or
security interest in any of its assets, nor the existence of any
unsecured priority claims.

Under the Plan, the Debtor proposes these treatment for:

   * Class 3 Allowed General Unsecured Claims -- after full payment
of all allowed unsecured priority claims in Class 2, each holder of
an allowed general unsecured claim will receive cash from the
Debtor in the amount of the allowed general unsecured claim.

   * Class 4 Allowed Claims of Holders of Lakeside 370 Levee
District Improvement Bond Series 2008 -- the total principal amount
due to the holder of allowed claims in Class 4 is $33,640,000.  The
indebtedness on said bonds will be refinances through the creation
of two subdistricts: (i)  Lakeside 370 Levee District --
Subdistrict A; and (ii)  Lakeside 370 Levee District -- Subdistrict
B.

The Plan also provides that the Debtor will remain in existence
after confirmation and will retain ownership of the District
Acreage to the extent such property is not transferred under the
provisions of Article Five of the Plan.

A copy of the First Amended Disclosure Statement is available for
free at:

  http://bankrupt.com/misc/Lakeside370Levee_40_1stamendedDS.pdf

                 About Lakeside 370 Levee District

In May 2006, the Circuit Court of St. Charles County entered an
order creating Lakeside 370 Levee District as a levee district
formed by and according to law.  The district was formed for the
purpose of protecting land within the boundaries of the levee
district, which consists of 1,270 acres of land on the north and
south sides of Interstate Highway 370 in St. Charles County, in
the
State of Missouri.  Lakeside 370 has the right, power, duty,
and authority under Chapter 245 R.S.Mo. to levy assessments upon
the land within the District.

Lakeside 370 sought bankruptcy protection under Chapter 9 of the
Bankruptcy Code on Aug. 1, 2014 (Bankr. E.D. Mo. Case No. 14-46094)
in St. Louis, Missouri.

The Debtor has tapped attorneys at Goldstein and Pressman, P.C., as
counsel.

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

Ryan D. Hodges, the president, signed the bankruptcy petition.

As reported in the Troubled Company Reporter on Jan. 12, 2015,
Lakeside 370, the St. Peters levee district that sold $33.9 million
in bonds to buy a 4.5-mile levee, filed on Dec. 15, 2014, a
disclosure statement that details how it will pay off claims and
implement its proposed plan.  Under the proposed plan, general
unsecured creditors will receive cash from the levee district after
full payment of all unsecured priority claims.



LBI MEDIA: S&P Raises CCR to 'CCC' Following Distressed Exchange
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its
corporate credit rating on Burbank, Calif.-based LBI Media Inc. to
'CCC' from 'SD'.  The rating outlook is negative.

At the same time, S&P raised its issue-level rating on LBI's 10%
senior secured notes due 2019 to 'CCC' from 'CCC-'.  The '3'
recovery rating remains unchanged, indicating S&P's expectation for
meaningful recovery (50%-70%; high end of the range) in the event
of a payment default.  S&P also raised its issue-level rating on
the company's existing 11.5%/13.5% payment-in-kind (PIK) toggle
second-priority subordinated notes to 'CC' from 'D'.  The '6'
recovery rating remains unchanged, indicating S&P's expectation for
negligible recovery (0%-10%) in the event of a payment default.

Additionally, S&P assigned its 'CC' issue-level rating and '6'
recovery rating to LBI's new 11.5%/13.5% PIK toggle second-priority
subordinated series II notes.  The '6' recovery rating indicates
S&P's expectation for negligible recovery (0%-10%) in the event of
a payment default.

At management's request, S&P also withdrew its ratings on LBI Media
Holdings Inc., including S&P's 'C' issue-level and '6' recovery
ratings on the company's 11% senior notes due 2017.

"The upgrade reflects LBI completing a distressed debt exchange on
its second-priority subordinated notes," said Standard & Poor's
credit analyst Minesh Patel.

S&P's 'CCC' corporate credit rating on LBI reflects S&P's
assessment that the company's capital structure will be
unsustainable over the next two years and beyond and S&P's view
that the firm is highly dependent on favorable business and market
conditions to meet its financial commitments and address its
refinancing needs over the next 12-24 months.  LBI's near-term
maturities include a $50 million revolver due in March 2016 and LBI
Media Holdings' $24.7 million senior notes due in April 2017
(unrated).

"The negative rating outlook reflects our view that LBI's
unsustainable financial condition, based on its steep leverage,
fractional interest coverage, and cash flow deficits, could hurt
its ability to refinance its 2016 and 2017 debt maturities," said
Mr. Patel.

S&P could lower the rating if LBI's operating performance and
liquidity falls short of S&P's expectations or if the company fails
to refinance its revolving credit facility that matures in March
2016 in a timely manner.

An outlook revision to positive or an upgrade would require the
company to eliminate its discretionary cash flow deficits and show
meaningful progress in address its near-term debt maturities.



LORILLARD INC: FMR LLC Reports 7.1% Stake as of Dec. 31
-------------------------------------------------------
FMR LLC, Edward C. Johnson 3d and Abigail P. Johnson disclosed that
as of Dec. 31, 2014, they beneficially owned 25,689,059 shares of
common stock of Lorillard Inc., which represents 7.135 percent of
the shares outstanding.

Edward C. Johnson 3d is a director and the chairman of FMR
LLC and Abigail P. Johnson is a director, the vice chairman, the
chief executive officer and the president of FMR LLC.

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

                        http://is.gd/tqv8YK

                           About Lorillard

Lorillard, Inc. is the manufacturer of cigarettes in the United
States.  Its Newport is a menthol flavored premium cigarette
brand.  In addition to the Newport brand, its product line has
four additional brand families marketed under the Kent, True,
Maverick and Old Gold brand names.

As of Dec. 31, 2014, Lorillard had $3.50 billion in total assets,
$5.69 billion in total liabilities, and a $2.18 billion total
shareholders' deficit.

                        Pending Litigations

As of Feb. 6, 2015, Lorillard Tobacco is a defendant in
approximately 6,228 product liability cases, including
approximately 636 cases in which Lorillard, Inc. is a co-defendant.
Lorillard, Inc. is a defendant in one case in which Lorillard
Tobacco is not a defendant.  In addition to the product liability
cases, Lorillard Tobacco and, in some instances, Lorillard, Inc.,
are defendants in Filter Cases, Tobacco-Related Antitrust Cases,
and MSA-Related Cases.  According to the Company, these cases,
which are extremely costly to defend, could result in substantial
judgments against Lorillard Tobacco and/or Lorillard, Inc.

Numerous legal actions, proceedings and claims arising out of the
sale, distribution, manufacture, development, advertising,
marketing and claimed health effects of cigarettes are pending
against Lorillard Tobacco and Lorillard, Inc., and it is likely
that similar claims will continue to be filed for the foreseeable
future.  Lorillard Tobacco is a defendant in 61 Filter cases.
Lorillard, Inc. is a co-defendant in two of the 61 Filter Cases
that are pending against Lorillard Tobacco. Lorillard, Inc. is also
a defendant in one additional Filter case in which Lorillard
Tobacco is not a defendant.  Lorillard Tobacco is a defendant in
one Tobacco-Related Antitrust case.  Lorillard, Inc. is not a
defendant in this case.  In addition, several cases have been filed
against Lorillard Tobacco and other tobacco companies challenging
certain provisions of the MSA among major tobacco manufacturers and
46 states and various other governments and jurisdictions, and
state statutes promulgated to carry out and enforce the MSA.

"Punitive damages, often in amounts ranging into the billions of
dollars, are specifically pleaded in a number of cases in addition
to compensatory and other damages.  It is possible that the outcome
of these cases, individually or in the aggregate, could result in
bankruptcy.  It is also possible that Lorillard Tobacco and
Lorillard, Inc. may be unable to post a surety bond in an amount
sufficient to stay execution of a judgment in jurisdictions that
require such bond pending an appeal on the merits of the case.
Even if Lorillard Tobacco and Lorillard, Inc. are successful in
defending some or all of these actions, these types of cases are
very expensive to defend.  A material increase in the number of
pending claims could significantly increase defense costs and have
an adverse effect on our results of operations and financial
condition.  Further, adverse decisions in litigations against other
tobacco companies could have an adverse impact on the industry,
including us," the Company stated in 2014 Annual Report.


MARYMOUNT UNIVERSITY: Moody's Rates $70MM Series 2015A Bonds 'Ba1'
------------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to Marymount
University's $70 million of proposed Educational Facilities Revenue
and Refunding Bonds, Series 2015A.  The bonds, to be issued through
the Virginia College Building Authority, are expected to be fixed
rate, amortizing, with a thirty-year maturity.  The outlook is
stable.

The Ba1 rating reflects Marymount University's role as a small
urban private institution with a faith-based identity and campus
locations in the vibrant Arlington, Virginia and Washington D.C.
metropolitan area, providing a mix of undergraduate and graduate
programming.  Credit strengths include conservative fiscal
budgetary practices with consistent favorable operating
performance, and management's demonstrated willingness and ability
to institute strategic stewardship.

Offsetting challenges include a very leveraged balance sheet that
is expected to weaken significantly given the a near term planned
debt financing for a sizeable building venture, modest flexible
reserves given the debt profile, and heavy reliance on student
charges in a competitive market.

The stable outlook reflects our expectation that Marymount will
prudently manage its fiscal operations in light of competitive
enrollment pressures, while concurrently focusing on the strategic
development of its planned sizeable urban-based real estate
venture.

What could make the rating go up:

  -- substantial growth in flexible reserves relative to current
     and planned debt plans

  -- timely completion of proposed mixed-use building
     construction, and within budget

What could make the rating go down:

  -- consistent deterioration of operating performance

  -- adverse financial and operating impacts due to the proposed
     construction project

  -- debt covenant violations

Marymount University is a private coeducational Catholic
institution located in Arlington, Virginia, and founded in 1950 by
the Religious of the Sacred Heart of Mary, an international
congregation of Catholic sisters.

The Series 1998 bonds are general obligations of the university,
secured by a deed of trust on certain property and a debt service
reserve fund.

The Series 2009 bonds are unsecured general obligations of the
university, which have two financial covenants and a cross default
provision such that the failure of Marymount to make debt service
payments on any of its outstanding obligations or to meet covenant
performance would allow BB&T to accelerate payment.  The financial
covenants include a cash flow coverage ratio of at least 1.25 times
(FY 2014 coverage of 3.8 times), and unrestricted unencumbered
liquid assets (measured on March 31 and September 30) of the
greater of 40 days cash on hand or $10 million (9/30/14 total of
$16 million).

The proposed Series 2015A bonds are anticipated to be general
obligations of the university, secured by a deed of trust on
certain property and a debt service reserve fund.

The Series 2015A bonds are anticipated to be used to: (1) refund
the outstanding Series 1998 and 2009 bonds, as well as a 2012 bank
note payable; (2) pay costs associated with the termination of the
2009 swap; (3) provide $8 million for various main campus
improvements; (4) fund a debt service reserve fund; and (5) pay
costs of issuance.

The principal methodology used in this rating was U.S.
Not-for-Profit Private and Public Higher Education published in
August 2011.


MAUI LAND: ValueWorks Reports 6.6% Stake as of Dec. 31
------------------------------------------------------
ValueWorks, LLC, and Charles Lemonides disclosed in an amended
Schedule 13G filed with the U.S. Securities and Exchange Commission
that as of Dec. 31, 2014, they beneficially owned   
1,254,938 shares of common stock of Maui Land & Pineapple Company,
Inc., representing 6.68 percent of the shares outstanding.  A copy
of the regulatory filing is available at http://is.gd/O3FQyN

                  About Maui Land & Pineapple Co.

Maui Land & Pineapple Company, Inc. (NYSE: MLP) --
http://mauiland.com/-- develops, sells, and manages residential,
resort, commercial, and industrial real estate.  The Company owns
approximately 23,000 acres of land on Maui and operates retail,
utility operations, and a nature preserve at the Kapalua Resort.
The Company's principal subsidiary is Kapalua Land Company, Ltd.,
the operator and developer of Kapalua Resort, a master-planned
community in West Maui.

Maui Land reported a net loss of $1.16 million on $15.2 million of
total operating revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $4.60 million on $13.6 million of total
operating revenues in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $51.4 million
in total assets, $79.08 million in total liabilities and a $27.7
million stockholders' deficit.

Deloitte & Touche LLP, in Honolulu, Hawaii, 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 negative cash flows from operations and
deficiency in stockholders' equity raise substantial doubt about
the Company's ability to continue as a going concern.


MCCLATCHY CO: Lonestar No Longer 5% Owner as of Dec. 31
-------------------------------------------------------
Lonestar Partners, L.P., et al., disclosed in an amended Schedule
13G filed with the U.S. Securities and Exchange Commission that as
of Dec. 31, 2014, they have ceased to be the deemed beneficial
owners of more than five percent of the class A common stock of
The McClatchy Company.  The reporting persons previously held
3,250,000 shares of Class A common stock or 5.3 percent as of
Jan. 27, 2014.  A full-text copy of the regulatory filing is
available for free at http://is.gd/rEkzba

                    About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is a media company that provides
both print and digital news and advertising services.  Its
operations include 30 daily newspapers, community newspapers,
websites, mobile news and advertising, niche publications, direct
marketing and direct mail services.  Its owned newspapers include,
among others, the (Fort Worth) Star-Telegram, The Sacramento Bee,
The Kansas City Star, the Miami Herald, The Charlotte Observer, and
The (Raleigh) News & Observer.  The Company holds interest in
digital assets which include CareerBuilder, LLC, Classified
Ventures, LLC, HomeFinder, LLC, and Wanderful Media.

The Company reported net income of $18.8 million for the year
ended Dec. 29, 2013, as compared with a net loss of $144,000 for
the year ended Dec. 30, 2012.  The Company's balance sheet at
Sept. 28, 2014, the Company had $2.63 billion in total assets,
$2.31 billion in total liabilities and $318 million in
stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

McClatchy Co. carries a 'B-' Corporate Credit Rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


MCGRAW REALTY: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: McGraw Realty Co., Inc.
        589 Benton Hollow Road
        P.O. Box 172
        Woodbourne, NY 12788

Case No.: 15-35236

Chapter 11 Petition Date: February 13, 2015

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

Debtor's Counsel: Thomas Genova, Esq.
                  GENOVA & MALIN, ATTORNEYS
                  Hampton Business Center
                  1136 Route 9
                  Wappingers Falls, NY 12590-4332
                  Tel: (845) 298-1600
                  Fax: (845) 298-1265
                  Email: genmallaw@optonline.net

Total Assets: $800,000

Total Liabilities: $1.10 million

The petition was signed by Patrick McGraw, president.

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


MERRIMACK PHARMACEUTICALS: FMR Reports 14.9% Stake as of Dec. 31
----------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, FMR LLC, Edward C. Johnson 3d and Abigail P.
Johnson disclosed that as of Dec. 31, 2014, they beneficially owned
15,882,620 shares of common stock of Merrimack Pharmaceuticals
representing 14.999 percent of the shares outstanding.  Edward C.
Johnson 3d is a director and the Chairman of FMR LLC and Abigail P.
Johnson is a director, the vice chairman, the chief executive
officer and the president of FMR LLC.  A copy of the regulatory
filing is available at:

                        http://is.gd/JrXXok

                           About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc., a
biopharmaceutical company discovering, developing and preparing to
commercialize innovative medicines consisting of novel
therapeutics paired with companion diagnostics.  The Company's
initial focus is in the field of oncology.  The Company has five
programs in clinical development.  In it most advanced program,
the Company is conducting a pivotal Phase 3 clinical trial.

Merrimack reported a net loss of $130.7 million in 2013, a net
loss of $91.8 million in 2012 and a net loss of $79.7 million in
2011.

The Company's balance sheet at Sept. 30, 2014, showed $189 million
in total assets, $288 million in total liabilities, $150,000 in
non-controlling interest and a $99.7 million total
stockholders' deficit.


MERRIMACK PHARMACEUTICALS: OKs $720K in 2014 Executive Bonuses
--------------------------------------------------------------
The Organization and Compensation Committee of the Board of
Directors of Merrimack Pharmaceuticals, Inc., approved 2014 annual
cash bonus awards for each named executive officer pursuant to the
Company's annual cash bonus program:

                                           2014 Base  2014 Actual
Name                                       Salary    Cash Bonus
----                                      ---------  -----------
Robert J. Mulroy                           $530,400    $245,310
President and Chief Executive Officer

William A. Sullivan                        $295,628    $103,470
Chief Financial Officer and Treasurer

William M. McClements                      $353,697    $123,794
SVP of Corporate Operations

Ulrik B. Nielsen                           $389,780    $136,423
SVP and Chief Scientific Officer

Edward J. Stewart                          $316,175    $110,661
Senior Vice President and
President, Merrimack Healthcare Solutions

The Compenseation Committee also established 2015 base salaries,
effective April 1, 2015:

  Name                                         2015 Base Salary
  ----                                         ----------------
Robert J. Mulroy                                   $570,180
William A. Sullivan                                $310,409
William M. McClements                              $371,382
Edward J. Stewart                                  $339,888

The Compensation Committee approved the annual performance-based
cash bonus program for 2015 for the Company's named executive
officers.  The 2015 Bonus Program is comprised of the following
three elements: (1) the achievement of specified annual corporate
objectives; (2) the achievement of specified annual individual
performance objectives; and (3) the support of the overall
management of the Company and the creation of long-term value for
the Company's stockholders, which are referred to as the general
management contribution.

The corporate objectives for 2015 generally focus on gaining FDA
approval for and launching MM-398, advancing the Company's clinical
and preclinical pipeline and pursuing various business development
opportunities.

The individual performance objectives for 2015 for each named
executive officer generally relate to the following:

   * for Robert J. Mulroy, advancing the Company's corporate
     objectives and leading the Company's transition to commercial

     stage;

   * for William A. Sullivan, ensuring adequate funding for the
     Company and preparing the Company's financial systems for
     commercial operations;

   * for William M. McClements, developing the organizational
     capabilities and infrastructure necessary to support
     commercial operations and the Company's continued growth; and

   * for Edward J. Stewart, building the Company's commercial
     organization and launching MM-398.

The general management contribution of each named executive officer
will be evaluated retrospectively and will broadly focus on overall
contributions during the year to the improvement of processes and
efficiency, the development of human and scientific capacity and
the development and management of stakeholders, including partners,
collaborators, investigators, stockholders and licensees, rather
than on specific, pre-determined criteria.

Each named executive officer is eligible to receive an annual cash
bonus under the 2015 Bonus Program up to a fixed percentage of his
base salary.  For 2015, Mr. Mulroy is eligible to receive an annual
cash bonus of up to 50% of his 2015 base salary and each of Mr.
Sullivan, Mr. McClements and Mr. Stewart is eligible to receive an
annual cash bonus of up to 35% of his respective 2015 base salary.

For Mr. Mulroy, the Committee will weigh each of the three
foregoing elements equally when determining the percentage of the
annual cash bonus that he will receive.

For each of Mr. Sullivan, Mr. McClements and Mr. Stewart, the
Committee will look at the three foregoing elements as a whole.  If
the Committee determines that the named executive officer has
substantially satisfied the elements as a whole, then the named
executive officer will receive his full annual cash bonus. On the
other hand, if the Committee determines that the named exe cutive
officer has not substantially satisfied the elements as a whole,
then the named executive officer will not receive an annual cash
bonus.

                           About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc., a
biopharmaceutical company discovering, developing and preparing to
commercialize innovative medicines consisting of novel
therapeutics paired with companion diagnostics.  The Company's
initial focus is in the field of oncology.  The Company has five
programs in clinical development.  In it most advanced program,
the Company is conducting a pivotal Phase 3 clinical trial.

Merrimack reported a net loss of $130.7 million in 2013, a net
loss of $91.8 million in 2012 and a net loss of $79.7 million in
2011.

The Company's balance sheet at Sept. 30, 2014, showed $189 million
in total assets, $288 million in total liabilities, $150,000 in
non-controlling interest and a $99.7 million total
stockholders' deficit.


MERRIMACK PHARMACEUTICALS: SANOFI Reports 2.9% Stake as of Feb. 5
-----------------------------------------------------------------
SANOFI disclosed in an amended Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of Feb. 5, 2015, it
beneficially owned 3,074,718 shares of common stock of Merrimack
Pharmaceuticals representing 2.90 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/mUzoAm

                          About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc., a
biopharmaceutical company discovering, developing and preparing to
commercialize innovative medicines consisting of novel
therapeutics paired with companion diagnostics.  The Company's
initial focus is in the field of oncology.  The Company has five
programs in clinical development.  In it most advanced program,
the Company is conducting a pivotal Phase 3 clinical trial.

Merrimack reported a net loss of $130.7 million in 2013, a net
loss of $91.8 million in 2012 and a net loss of $79.7 million in
2011.

The Company's balance sheet at Sept. 30, 2014, showed $189 million
in total assets, $288 million in total liabilities, $150,000 in
non-controlling interest and a $99.7 million total
stockholders' deficit.


MI PUEBLO LATIN: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Mi Pueblo Latin Market, Inc.
           DBA Mi Pueblo Market
        15421 E. Batavia Drive
        Aurora, CO 80011

Case No.: 15-11349

Chapter 11 Petition Date: February 14, 2015

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Hon. Howard R Tallman

Debtor's Counsel: Robert Padjen, Esq.
                  LAUFER AND PADJEN LLC
                  5290 DTC Parkway, Suite 150
                  Englewood, CO 80111
                  Tel: 303-830-3173
                  Email: rp@jlrplaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jaime Antonio Cueva, owner/president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cob15-11349.pdf


MICROVISION INC: Capital Ventures Reports 3.4% Stake as of Dec. 31
------------------------------------------------------------------
Capital Ventures International and Heights Capital Management,
Inc., disclosed in an amended Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of Dec. 31, 2014, they
beneficially owned 1,580,813 shares of common stock of Microsivion,
Inc., representing 3.4 percent of the shares outstanding.  A copy
of the regulatory filing is available at:

                        http://is.gd/Nce8mh

                       About Microvision Inc.

Headquartered in Redmond, Washington, MicroVision, Inc. (NASDAQ:
MVIS) is the creator of PicoP(R) display technology, an ultra-
miniature laser projection solution for mobile consumer
electronics, automotive head-up displays and other applications.

MicroVision reported a net loss of $13.17 million in 2013, as
compared with a net loss of $22.7 million in 2012.

As of Sept. 30, 2014, the Company had $14.4 million in total
assets, $4.64 million in total liabilities, and $9.70 million in
total stockholders' equity.

Moss Adams LLP, in Seattle, Washington, 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 and has
a net capital deficiency that raise substantial doubt about its
ability to continue as a going concern.


MILLER AUTO: Feb. 24 Hearing on Revision of KRCL's Compensation
---------------------------------------------------------------
The Bankruptcy Court will convene a hearing on Feb. 24, 2015, at
10:30 a.m., to consider approval of the Official Committee of
Unsecured Creditors in the Chapter 11 cases of Miller Auto Parts &
Supply Company, Inc., et al.'s proposed compensation for its
counsel, Kane Russell Coleman & Logan PC.

The Committee on Oct. 6, 2014, won entry of an order granting
Committee's application to retain KRCL.  In its amended motion, the
Committee relates that KRCL increases the hourly rate of the firm's
attorneys and paraprofessionals on Jan. 1 of each calendar year.
However, for the case, KRCL seeks the Court's approval of these
changes to KRCL's compensation for time billed Jan. 1, 2015
forward:

   a. KRCL will charge the Debtors' bankruptcy estates KRCL's 2014
standard hourly rates, without any increase in 2015;

   b. To KRCL's 2014 standard rates, a 25% discount will be
applied; and

   c. If and only if, the general unsecured creditors, excluding
priority and administrative claimants, receive a distribution in
the case, then, retroactive to January 2015, KRCL will be entitled
to charge its 2014 normal hourly rates plus a 10% bonus.  If
general unsecured creditors receive no distributions, then KRCL
will not be entitled to the contingent bonus, but will only be
entitled to its 2014 standard rates less a 25% discount, and only
to the extent: (i) the Court approves such fees after notice and
hearing; and (ii) sufficient funds exist in the Debtors' bankruptcy
estates to pay the Court approved fees.

The rates KRCL proposes to bill for work performed on behalf of the
Committee as of Jan. 1, 2015, excluding the contingent bonus, if
applicable:

                                                   Proposed 2014   
    
                                                   Rate less 25%
                                                   (for this case
  Attorney            2014 Standard Hourly Rate              only)
  --------            -------------------------    ---------------
Joseph M. Coleman          $535                       $393
Jason B. Binford           $375                       $281
John J. Kane               $295                       $221
Directors               $350 – $600                $262 – $450
Associates              $240 – $385                $180 – $288
Paralegals              $125 – $190                 $93 – $142

The Committee says that the purpose for KRCL's proposed discount is
two-fold:

   i) to better align KRCL with the constituency is serves, namely
the general unsecured creditors; and

  ii) a discount is necessary under the facts of the particular
case given the significant amount of: (a) purported secured
purchase money security interests, (b) purportedly secured
sub-debt, and (c) purported 11 U.S.C. Sec. 503(b)(9) claims.  

                     About Miller Auto Parts

Miller Auto Parts & Supply Company, Inc., and its affiliates are
distributors of automotive parts and service equipment.  The
companies operate from the Johnson Industries Inc.'s headquarters
in Atlanta, Georgia and have distribution operations in the
southeast, northeast and on-line.  The Southeastern distribution
center is located in Norcross, Georgia and supports nine satellite
centers across the state and supplies parts to key fleet customers
across the country.

Miller Auto Parts and its three subsidiaries sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga.) on Sept. 15, 2014.  The
Debtors have sought joint administration under Lead Case No.
14-68113.  The cases are assigned to Judge Mary Grace Diehl.

The Debtors have tapped Scroggins & Williamson as counsel and Logan
& Co. as claims and noticing agent.

The Court granted the Debtors until July 13, 2015, to file one or
more Chapter 11 plan(s).

The U.S. Trustee for Region 21 appointed three creditors of Miller
Auto Parts & Supply Company Inc. to serve on the official committee
of unsecured creditors.  The Committee selected Kane Russell
Coleman & Logan as its counsel.


MONARCH COMMUNITY: Banc Fund VIII Reports 9.8% Stake as of Dec. 31
------------------------------------------------------------------
Banc Fund VIII L.P. disclosed that as of Dec. 31, 2014, it
beneficially owned 850,000 shares of common stock of
Monarch Community Bancorp, Inc., which represents 9.8 percent of
the shares outstanding.  A copy of the Schedule 13G is available
for free at http://is.gd/bR282J

                       About Monarch Community

Coldwater, Michigan-based Monarch Community Bancorp, Inc., was
incorporated in March 2002 under Maryland law to hold all of the
common stock of Monarch Community Bank, formerly known as Branch
County Federal Savings and Loan Association.  The Bank converted
to a stock savings institution effective Aug. 29, 2002.  In
connection with the conversion, the Company sold 2,314,375 shares
of its common stock in a subscription offering.

Monarch Community reported a net loss available to common
stockholders of $2.55 million in 2013, a net loss available to
common stockholders of $741,000 in 2012 and a net loss of $353,000
in 2011.

As of Sept. 30, 2014, the Company had $176.88 million in total
assets, $157 million in total liabilities, and $20.0 million
in total stockholders' equity.


MUSCLEPHARM CORP: Phillip Frost Reports 3.5% Stake as of Dec. 31
----------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Phillip Frost, M.D., disclosed that as of Dec.
31, 2014, he beneficially owned 456,372 shares of common stock of
MusclePharm Corporation representing 3.48 percent based upon
13,111,792 shares of the Issuer's common stock issued and
outstanding as of Nov. 13, 2014.  Frost Gamma Investments Trust
also beneficially owned 386,928 common shares as of that date.  A
copy of the regulatory filing is available at http://is.gd/f5vcMd

                         About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation
(OTC BB: MSLP) -- http://www.muslepharm.com/-- is a healthy life-
style company that develops and manufactures a full line of
National Science Foundation approved nutritional supplements that
are 100 percent free of banned substances.  MusclePharm is sold in
over 120 countries and available in over 5,000 U.S. retail
outlets, including GNC and Vitamin Shoppe.  MusclePharm products
are also sold in over 100 online stores, including
bodybuilding.com, Amazon.com and Vitacost.com.

MusclePharm reported a net loss after taxes of $17.7 million in
2013, a net loss after taxes of $18.95 million in 2012, and a net
loss of $23.3 million in 2011.

Musclepharm's balance sheet at Sept. 30, 2014, showed $79.6
million in total assets, $41.5 million in total liabilities and
$38.08 million in total stockholders' equity.


NANOSPHERE INC: Deloitte & Touche Expresses Going Concern Doubt
---------------------------------------------------------------
Nanosphere, Inc., filed with the U.S. Securities and Exchange
Commission on Feb. 11, 2015, its annual report on Form 10-K for the
year ended Dec. 31, 2014.

Deloitte & Touche LLP expressed substantial doubt about the
Company's ability to continue as a going concern, citing the
Company's recurring losses from operations and continued use of
cash to fund operations.

The Company reported a net loss of $39.07 million on $14.3 million
of total revenue for the three months ended Dec. 31, 2014, compared
to a net loss of $34.65 million on $10 million of total revenue for
the same period during the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $42.5 million
in total assets, $15.8 million in total liabilities and total
stockholders' equity of $26.7 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/bzhUV3
                          
Nanosphere, Inc., develops, manufactures and markets an advanced
molecular diagnostics platform, the Verigene System, that enables
simple, low cost and highly sensitive genomic and protein testing
on a single platform. The Verigene System includes a bench-top
molecular diagnostics workstation that is a universal platform for
genomic and protein testing and provides for multiple tests to be
performed on a single platform, including both genomic and protein
assays, from a single sample. Its proprietary nanoparticle
technology provides the ability to run multiple tests
simultaneously on the same sample. Nanosphere was founded by Chad
A. Mirkin and Robert Letsinger on December 30, 1999 and is
headquartered in Northbrook, IL.


NATROL INC: Proposes B. Scher as Independent Director
-----------------------------------------------------
Leaf123, Inc., formerly known as Natrol, Inc., ask the Bankruptcy
Court to enter an order appointing Bradley E. Scher as independent
director of each of the Debtors.

The Debtors closed the sale of their assets to Aurobindo Pharma USA
Inc. on Dec. 4, 2014.  On Feb. 3, 2015, Hobart Truesdell, the
independent director of the board of directors of the Debtors,
resigned from the board.

Mr. Scher has been tapped to, among other things, (a) monitor and
report to the Debtors, the Official Committee of Unsecured
Creditors, and the Court regarding the internal controls
implemented by the Debtors, and (b) generally liaise with the
Boards, the Committee and other stakeholders.  

As part of his duties, Mr. Scher will participate in board
meetings, hold conference calls with the Boards not less than
biweekly, or on such other timeframe as determined by the Boards,
and will hold telephonic meetings with the Committee on a bi-weekly
basis if the Committee so desires.

As set forth in an engagement letter between Mr. Scher and the
Debtors dated Feb. 5, 2015, the Debtors propose to pay for Mr.
Scher's services at his standard rate of $350 per hour, plus
reimbursement of reasonable, documented expenses.  Mr. Scher will
receive a minimum monthly fee of $12,500.

Mr. Scher is to receive a postpetition retainer of $25,000.  The
retainer will be held until the end of Mr. Scher's service on the
boards and then applied against any outstanding invoices, with any
remainder returned to the Debtors.

The Debtors propose a Feb. 19 hearing on the motion.  

                     About Natrol, Inc.

Headquartered in Chatsworth, Calif., Natrol, Inc. --
http://www.natrol.com-- is a wholly owned subsidiary of Plethico  


Pharmaceuticals Limited.  Plethico Pharmaceuticals Limited (BSE:
532739. BO: PLETHICO) engages in the manufacturing, marketing and
distribution of pharmaceutical and allied healthcare products
around the world.  Natrol products are made in the U.S.
Established
in 1980, Natrol, Inc. has been a global leader in the nutrition
industry, and a trusted manufacturer and marketer of a superior
quality of herbs and botanicals, multivitamins, specialty
and sports nutrition supplements made to support health and
wellness throughout all ages and stages of life.  Natrol products
are available in health food stores, drug and grocery stores, and
mass-market retailers, and through Natrol.com and other online
retailers.  Natrol distributes products nationally through more
than 54,000 retailers as well as internationally in over 40 other
countries through distribution partners.

Natrol, Inc., and its six affiliates sought bankruptcy protection
on June 11, 2014 (Case No. 14-11446, Bankr. D. Del.).  The case is
assigned to Judge Brendan Linehan Shannon.  The Debtors are
represented by Robert A. Klyman, Esq., and Samuel A. Newman, Esq.,
at GIBSON, DUNN & CRUTCHER LLP, in Los Angeles, California; and
Michael R. Nestor, Esq., Maris J. Kandestin, Esq., and Ian J.
Bambrick, Esq., at YOUNG CONAWAY STARGATT & TAYLOR, LLP, in
Wilmington, Delaware.  The Debtors' Claims and Noticing Agent is
EPIQ SYSTEMS INC.

The Debtors requested that the Court approve the employment of (i)
Jeffrey C. Perea of the firm Conway MacKenzie Management Services,
LLC as chief financial officer and for CMS to provide temporary
employees to assist Mr. Perea in carrying out his duties; (ii)
Stephen P. Milner of the firm Squar, Milner, Peterson, Miranda &
Williamson LLP as chief restructuring officer and for CMS to
provide temporary employees to assist Mr. Milner in carrying out
his duties; (iv) BDO USA, LLP as auditor; (v) TaxGroup Partners as
tax services provider.

The Official Committee Of Unsecured Creditors tapped Otterbourg
P.C. as lead counsel; Pepper Hamilton LLP as Delaware counsel; and
CMAG as financial advisors.

On Nov. 10, 2014, the Debtors held an auction for the sale of the
assets, and Aurobindo Pharma USA Inc. emerged as the successful
bidder.  The Court approved the sale and the sale closed on Dec. 4,
2014.



NATURAL MOLECULAR: Mintz Levin Relieved as Special Counsel
----------------------------------------------------------
U.S. Bankruptcy Judge Marc Barreca authorized Mintz, Levin, Cohn,
Ferris, Glovsky and Popeo, P.C., to withdraw as special counsel for
Natural Molecular Testing Corporation.  The firm is relieved as
special counsel in connection with the DOJ and CMS matters,
effective nunc pro tunc to Sept. 29, 2014, the date the Court
entered an ex parte order approving appointment of a Chapter 11
trustee.

                     About Natural Molecular

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

Hacker & Willig, Inc., P.S., serves as the Debtor's bankruptcy
counsel.

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



NATURAL MOLECULAR: Panel Reserves Rights on Mintz Lein Fees
-----------------------------------------------------------
The Official Unsecured Creditors' Committee in the Chapter 11 case
of Natural Molecular Testing Corporation responded to the motion by
Mintz, Levin, Cohen, Ferris, Glovsky and Popeo, P.C., to withdraw
as special counsel for the Debtor.

The Committee related that the firm stated that it notified the
Debtor in August 2014 that the firm intended to withdraw for
non-payment of fees after multiple of demands for payment.

In this relation, the Committee informed the firm and the Court
that it reserves all rights to a) object to any application for
fees and compensation that the firm may file; b) seek disgorgement
of the $25,000 retainer the firm received from the Debtor; and c)
seek disgorgement or recovery of the $27,512 the firm received from
Beau Fessenden postpetition for services allegedly rendered to the
Debtor prior to the commencement of the case.

                      About Natural Molecular

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

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


NAVISTAR INTERNATIONAL: To Present at 2015 Barclays Conference
--------------------------------------------------------------
Navistar International Corporation announced that Walter G. Borst,
executive vice president and chief financial officer, will discuss
business matters related to the Company during the 2015 Barclays
Industrial Select Conference in Miami, Florida, on Wednesday,
February 18, which is scheduled to begin at 2:10 p.m. Eastern
time.

Live audio web casts will be available for the presentations at
http://www.navistar.com/navistar/investors/webcasts. Investors are
advised to log on to the Web site at least 15 minutes prior to the
presentation to allow sufficient time for downloading any necessary
software.  The web cast will be available for replay at the same
address approximately three hours following its conclusion, and
will remain available for a period of six months or such earlier
time as the information is superseded or replaced by more current
information.

                     About Navistar International

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

Navistar International reported a net loss attributable to the
Company of $619 million for the year ended Oct. 31, 2014, compared
to a net loss attributable to the Company of $898 million for the
year ended Oct. 31, 2013.

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

                          *     *     *

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

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

In January 2013, Fitch Ratings affirmed the issuer default ratings
for Navistar International at 'CCC' and removed the negative
outlook on the ratings.  The removal reflects Fitch's view that
immediate concerns about liquidity have lessened, although
liquidity remains an important rating consideration as NAV
implements its selective catalytic reduction engine strategy.


NEONODE INC: Capital Ventures Reports 4.9% Stake as of Dec. 31
--------------------------------------------------------------
Capital Ventures International and Heights Capital Management,
Inc., disclosed in an amended Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of Dec. 31, 2014, they
beneficially owned 2,117,313 shares of common stock of Neonode Inc.
representing 4.9 percent of the shares outstanding.  A copy of the
regulatory filing is available at http://is.gd/VudEBk

                         About Neonode Inc.

Lafayette, Calif.-based Neonode Inc. (OTC BB: NEON)
-- http://www.neonode.com/-- provides optical touch screen
solutions for hand-held and small to midsize devices.

Neonode reported a net loss of $13.08 million in 2013, a net loss
of $9.28 million in 2012 and a net loss of $17.1 million in 2011.

As of Sept. 30, 2014, the Company had $11.3 million in total
assets, $5.22 million in total liabilities and $6.08 million in
total stockholders' equity.


NEONODE INC: Columbus Capital Reports 5.3% Stake as of Dec. 31
--------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Columbus Capital Management, LLC, and Matthew
D. Ockner disclosed that as of Dec. 31, 2014, they beneficially
owned 2,162,025 shares of common stock of Neonode Inc. representing
5.3 percent of the shares outstanding.
There are approximately 40,455,352 Shares outstanding according to
the Issuer's 10Q filed Nov. 6, 2014.  A copy of the regulatory
filing is available for free at http://is.gd/D0mrHY

                         About Neonode Inc.

Lafayette, Calif.-based Neonode Inc. (OTC BB: NEON)
-- http://www.neonode.com/-- provides optical touch screen
solutions for hand-held and small to midsize devices.

Neonode reported a net loss of $13.08 million in 2013, a net loss
of $9.28 million in 2012 and a net loss of $17.1 million in 2011.

As of Sept. 30, 2014, the Company had $11.3 million in total
assets, $5.22 million in total liabilities and $6.08 million in
total stockholders' equity.


NEONODE INC: FMR LLC Reports 13.7% Stake as of Dec. 31
------------------------------------------------------
FMR LLC, Edward C. Johnson 3d and Abigail P. Johnson disclosed in
an amended Schedule 13G filed with the U.S. Securities and Exchange
Commission that as of Dec. 31, 2014, they beneficially owned
5,557,950 shares of common stock of Neonode Inc. representing
13.738 percent of the shares outstanding.  Fidelity Low-Priced
Stock Fund beneficially owned 4,025,735 common shares of Neonode as
of that date.  A copy of the regulatory filing is available for
free at http://is.gd/DOGJC1

                         About Neonode Inc.

Lafayette, Calif.-based Neonode Inc. (OTC BB: NEON)
-- http://www.neonode.com/-- provides optical touch screen
solutions for hand-held and small to midsize devices.

Neonode reported a net loss of $13.08 million in 2013, a net loss
of $9.28 million in 2012 and a net loss of $17.1 million in 2011.

As of Sept. 30, 2014, the Company had $11.3 million in total
assets, $5.22 million in total liabilities, and $6.08 million in
total stockholders' equity.


NEW LOUISIANA: Wants Exclusive Plan Filing Deadline Moved to Mar 31
-------------------------------------------------------------------
New Louisiana Holdings, LLC, and its debtor-affiliates ask the
Bankruptcy Court to enter an order extending their exclusive period
to file a plan of reorganization through and including March 31,
2015, and a corresponding extension of their exclusive period to
solicit acceptances of that plan through May 29, 2015.

The Debtors and the Official Committee of Unsecured Creditors have
begun discussions regarding a plan.  However, the Committee has
only recently selected and, subject to the Court's approval,
engaged a financial advisor, and the Committee's professionals are
in the early stages of conducting the diligence necessary to enable
the Committee to negotiate a plan with the Debtors.

Accordingly, the Debtors assert that an extension of their
exclusive periods is reasonable in the context of their Chapter 11
cases, and necessary to provide sufficient time for the Committee
to investigate various issues related to the Debtors, and for them
to negotiate a plan with the primary stakeholders, including the
Committee, obtain approval of a disclosure statement, solicit
acceptances for the plan, and confirm the plan.

A hearing on the exclusivity motion was slated for February 10.  As
of Feb. 16, an order has not been entered by the bankruptcy judge.

                   About New Louisiana Holdings

New Louisiana Holdings LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. La. Case No. 14-50756), on June
25, 2014.

Ten affiliates of New Louisiana -- Acadian 4005 Tenant, LLC (Case
No. 14-50850), Atrium 6555 Tenant, LLC, dba The Atrium at
Lafreniere Assisted Living (Case No. 14-50851), Citiscape 5010
Tenant, LLC, dba Citiscape Apartments (Case No. 14-50853),
Lakewood
Quarters Assisted 8585 Tenant, LLC (Case No. 14-50854), Lakewood
Quarters Rehab 8225 Tenant, LLC (Case No. 14-50855), Panola 501
Partners, LP (Case No. 14-50862), Regency 14333 Tenant, LLC (Case
No. 14-50861), Retirement Center 14686 Tenant, LLC (Case No.
14-50856), Sherwood 2828 Tenant, LLC (Case No. 14-50857), St.
Charles 1539 Tenant, LLC (Case No. 14-50858) and Woodland Village
5301 Tenant, LLC (Case No. 14-50859) filed Chapter 11 bankruptcy
petitions on July 16, 2014.

Fifteen additional affiliates of New Louisiana -- SA-PG Ocala LLC
(Case No. 14-50909), SA-PG Operator Holdings LLC (Case No.
14-50912), SA-PG Clearwater LLC (Case No. 14-50913), SA-PG
Gainesville LLC (Case No. 14-50914), SA-PG Jacksonville LLC (Case
No. 14-50915), SA-PG Largo LLC (Case No. 14-50916), SA-PG North
Miami LLC (Case No. 14-50917), SA-PG Orlando LLC (Case No.
14-50918), SA-PG Pinellas LLC (Case No. 14-50919), SA-PG Port St.
Lucie LLC (Case No. 14-50920), SA-PG Sun City Center LLC (Case No.
14-50921), SA-PG Tampa LLC (Case No. 14-50922), SA-PG Vero Beach
LLC (Case No. 14-50923), SA-PG West Palm Beach LLC (Case No.
14-50924) and SA-PG Winterhaven LLC (Case No. 14-50925) filed
separate Chapter 11 bankruptcy petitions on July 28, 2014.

Four more affiliates of New Louisiana -- CHC-CLP Operator Holding
LLC (Case No. 14-51104), SA-St. Petersburg LLC (Case No.
14-51101),
SA-Clewiston LLC (Case No. 14-51102) and SA-Lakeland LLC (Case No.
14-51103) -- that operate skilled nursing facilities located in
Lakeland, Clewiston and St. Peterburg, Florida, sought protection
under Chapter 11 of the Bankruptcy Code on Sept. 3, 2014.

The Chapter 11 cases are jointly consolidated with New Louisiana's
Chapter 11 case at Case No. 14-50756 before Judge Robert
Summerhays
of the United States Bankruptcy Court for the Western District of
Louisiana (Lafayette).

The Debtors are represented by Patrick J. Neligan, Jr., Esq., at
Neligan Foley LLP, in Dallas, Texas.  Jan M. Hayden and Baker
Donelson Bearman Caldwell & Berkowitz, P.C. serves as local
counsel.

The U.S. Trustee for Region 5 on Oct. 3, 2014, appointed three
creditors of New Louisiana Holdings, LLC, to serve on the official
committee of unsecured creditors.  Pepper Hamilton LLP and
McGlinchey Stafford PLLC serve as counsel to the Committee.



NNN 1818 MARKET: Proposes to Hire Smaha Law Group as Counsel
------------------------------------------------------------
NNN 1818 Market Street 16, LLC, seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire
John L. Smaha, Esq., and the Smaha Law Group, APC, as general
bankruptcy counsel.  

The Debtor is also proposing SLG as general bankruptcy counsel  for
its affiliated debtors, NNN 1818 Market Street 21, LLC (Case No.
15-10040) and NNN 1818 Market Street 37, LLC (Case No. 15-10121).


SLG has undertaken representation of all three Debtors, who share
an undivided tenant-in-common interest, on the basis of the fact
that there is no present conflict of interest, the Debtors are not
adverse to each other, and are unified in their goals with respect
to pending litigation and reorganization.  

The Debtor understands and agrees that the Firm is not providing
any tax advice, and represents the Debtor and not the Debtor's
principals.

Mr. Smaha attests and he and the Firm are disinterested persons as
that term is defined under the Bankruptcy Code.  They hold no
interest adverse to the Debtor, creditors or the estate, he
continues.

The Debtor has agreed to employ the Firm based on these rates: $425
per hour per principal, $255 to $355 per hour per associate, and
standard billable charges for expenses.

Before filing for bankruptcy, the Debtor paid from funds advanced
by its owner, Gabor Csupo, $17,000, a portion of which used to pay
the chapter 11 filing fee, and for services performed prepetition.
The Firm has expended $3,743 of the retainer, which sum included
the paying of the applicable filing fee, leaving $13,257 in the
Debtor's trust account.

                   About NNN 1818 Market Street

NNN 1818 Market Street 16, LLC, filed a Chapter 11 bankruptcy
petition on Jan. 5, 2015. The Debtor estimated assets and debts of
$10 million to $50 million.  Two affiliates, NNN 1818 Market Street
21, LLC and and NNN 1818 Market Street 37, LLC sought bankruptcy
protection on Jan. 6, 2015.  The cases are jointly administered
under the lead case of NNN 1818 Market Street 16, LLC, case number
2:15-bk-10111-TD.

The Debtors are fractional owners of 1818 Beneficial Bank Place, a
37-story, Class-A office building (located in the prestigious West
of Broad office submarket in Philadelphia.  Specifically, the
Debtors are tenants-in-common (TIC) holding 3 of 38 TICs holding
fractional percentage interests in the property located at 1818
Market Street, Philadelphia.

John L. Smaha, Esq., at Smaha Law Group serves as the Debtors'
counsel.



NORTEL NETWORKS: Amends Ernst & Young Agreement for 10th Time
-------------------------------------------------------------
Nortel Networks Inc., et al., notified the U.S. Bankruptcy Court of
the 10th amendment to the statement of work entered into pursuant
to the tax services agreement with Ernst & Young LLP.

The tenth amendment modifies the scope of their engagement of EY
LLP as of Dec. 30, 2013, (1) to memorialize the parties' agreement
regarding the payment of all services on an hourly fee basis, and
(2) to include certain additional services to be provided as
out-of-scope services.

EY will, among other things, assist the Debtor with Financial
Crimes Enforcement Network )FinCEN) Report 114, Report of Foreign
Bank and Financial Account (FBAR) filings for account ownership and
signature authority related to foreign bank accounts for calendar
year 2014.

The parties also said that the 10th amendment was to take effect if
no objections were filed by the Jan. 20 deadline.

A copy of the 10th amendment is available for free at:

        http://bankrupt.com/misc/Nortel_10thAmendment.pdf

                        About Nortel Networks

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

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

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

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

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

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

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

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.  

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

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

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

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

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

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


NORTEL NETWORKS: Karen Keller Named Discovery Mediator
------------------------------------------------------
Karen E. Keller at Shaw Keller LLP notified interested parties that
she has been appointed by the U.S. Bankruptcy Court for the
District of Delaware to serve as discovery mediator, on as needed
basis, concerning current and future disputes involving third-party
discovery against the Debtors.

On Dec. 8, 2014, the Bankruptcy Court entered an order approving
second discovery protocol in connection with order extending
automatic stay and regulating third-party discovery.

The second discovery protocol establishes terms and conditions
under wchich third parties will be permitted to seek discovery from
debtor Nortel Networks Inc. in connection with litigations
involving patents that Nortel sold to Rockstar Bidco, LP, on
June 30, 2011.

Ms. Keller will charge for her services at her hourly rate of $650.
Paralegals and legal assistants who will assist Ms. Keller will be
paid at their hourly rate of $150.

A copy of the letter is available for free at:

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

                       About Nortel Networks

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

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

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

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

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

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

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

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.  

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

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

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

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

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

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



NORTH TOLEDO GRAPHICS: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: North Toledo Graphics, LLC
        5225 Telegraph Road
        Toledo, OH 43612

Case No.: 15-30343

Chapter 11 Petition Date: February 13, 2015

Court: United States Bankruptcy Court
       Northern District of Ohio (Toledo)

Judge: Hon. John P. Gustafson

Debtor's Counsel: Michael E. Baum, Esq.
                  40950 Woodward Ave., #100
                  Bloomfield Hills, MI 48304
                  Tel: (248) 540-3340
                  Fax: 248-282-1933
                  Email: mbaum@schaferandweiner.com

                    - and -

                  Brendan G. Best, Esq.
                  SCHAFER AND WEINER, PLLC
                  40950 Woodward Avenue, Suite 100
                  Bloomfield Hills, MI 48304    
                  Tel: 248-540-3340
                  Email: bbest@schaferandweiner.com
                
                     - and -
                      
                  Leon N. Mayer, Esq.
                  SCHAFER AND WEINER, PLLC
                  40950 Woodward Avenue, Suite 100
                  Bloomfield Hills, MI 48304
                  Tel: (248) 540-3340
                  Fax: (248) 282-2156
                  Email: lnmayer@schaferandweiner.com

                     - and -

                  John J. Stockdale, Jr., Esq.
                  SCHAFER AND WEINER, PLLC
                  40950 Woodward Avenue, Suite 100
                  Bloomfield Hills, MI 48304
                  Tel: 248-540-3340
                  Email: jstockdale@schaferandweiner.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gregory A. Tremonti, general manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ohnb15-30343.pdf


NORTHEAST WIND: S&P Withdraws 'B+' CCR After Debt Pay-Down
----------------------------------------------------------
Standard & Poor's Ratings Services said it withdrew its 'B+'
corporate credit rating, 'BB-' senior secured issue rating, and '2'
recovery rating on Northeast Wind Capital II LLC.

The joint venture between First Wind Holdings LLC and Emera Inc.,
Northeast Wind Capital II, has been unwound after the sale of First
Wind Capital LLC and First Wind Holdings LLC to SunEdison Inc. and
TerraForm Power Inc. for about $2.4 billion.  Northeast Wind used
proceeds to repay its outstanding debt obligations.  As a result,
S&P has withdrawn the corporate credit, issue, and recovery ratings
on Northeast Wind.



NPS PHARMACEUTICALS: FMR LLC Reports 14.9% Stake as of Dec. 31
--------------------------------------------------------------
FMR LLC, Edward C. Johnson 3d and Abigail P. Johnson disclosed that
as of Dec. 31, 2014, they beneficially owned 16,025,956 shares of
common stock of NPS Pharmaceuticals representing 14.999 percent of
the shares outstanding.  A copy of the Schedule 13G filed with the
U.S. Securities and Exchange Commission is available for free at
http://is.gd/pPn2dn

                     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 $13.5 million in 2013,
a net loss of $18.7 million in 2012 and a net loss of $36.3
million in 2011.  The Company posted consolidated net loss of
$31.4 million in 2010 and a net loss of $17.9 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.


NSB ADVISORS: To Go Up for Auction on March 12
----------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. Bankruptcy Judge Cecelia G. Morris in
Poughkeepsie, New York, authorized NSB Advisors LLC, to sell its
assets for $25,000 to Emancipation Management LLC, and 20 percent
of the proposed buyer's revenue in the next two years, absent a
better offer at auction on March 12.  According to the report,
other bids are due initially by March 10, to be followed by a March
25 sale hearing.

Fishkill, New York-based NSB Advisors LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
15-35009) on Jan. 5, 2015.  The case is assigned to Judge Cecelia
G. Morris.  The Debtor's counsel is Alan D. Halperin, Esq., at
Halperin Battaglia Raicht, LLP, in New York.



ORBITAL ATK: Fitch Affirms 'BB+' Issuer Default Rating
------------------------------------------------------
Fitch Ratings has affirmed Orbital ATK Inc.'s (OA) Issuer Default
Rating (IDR) at 'BB+'.  The affirmation follows the completion of a
merger of equals between Alliant Techsystems Inc. (ATK) and Orbital
Sciences Corporation (ORB) that was preceded by a tax free spin-off
of ATK's Sporting Group segment into a stand-alone company named
Vista Outdoors Inc. (VSTO).

Fitch has also affirmed the ratings for OA's senior secured
facilities and senior unsecured notes.  Fitch's ratings currently
cover approximately $1.6 billion long term debt.  Fitch has
withdrawn the ratings for ATK's senior subordinated notes following
their repayment in connection with the spin-off.  The Rating
Outlook is Stable.

In accordance with its updated Recovery Rating (RR) methodology,
Fitch is now providing RRs to issuers with IDRs in the 'BB'
category.  Fitch has assigned an 'RR1' to OA's senior secured
facilities and an 'RR4' to the company's senior unsecured debt. The
'RR'1 for the senior secured facilities reflects an estimate of
outstanding recovery prospects (91-100%) in a distressed scenario.
The 'RR4' for OA's senior unsecured debt supports a rating of
'BB+', the same as OA's IDR, and reflects estimated average
recovery prospects (31-50%) in a distressed scenario.

VSTO accounted for approximately $2.3 billion (about 40%) of
pre-spin-off ATK's pro forma fiscal 2015 (ending March) revenues
and approximately 45% of ATK's combined EBITDA and FCF.  In
connection with the spin-off, Fitch estimates OA received a
one-time dividend from VSTO in the range of $200 million to $240
million.  The majority of the cash was utilized to redeem $350
million of senior subordinated notes.

ORB shareholders received ATK shares as a part of the merger and
the surviving entity (ATK) was renamed OA effective Feb. 9, 2015.
As a part of the merger, ORB's outstanding debt was retired and OA
retained ATK's existing senior secured credit facilities and senior
unsecured obligations.

KEY RATING DRIVERS

The ratings and Stable Outlook are supported by OA's solid margins
and strong cash flows, good product/program diversification,
significant cost saving synergy opportunities from the merger, and
OA's role as a sole source provider for many of its products.  The
ratings are also supported by adequate financial flexibility and
Fitch's expectations that OA will improve its credit metrics by
fiscal 2017 driven by improvements in operating performance and
scheduled debt reduction.

Some of OA's leverage metrics are weak for the ratings and have
deteriorated slightly following the VSTO spin-off and the merger
despite retiring ATK's $350 million senior subordinated notes.
Fitch estimates OA's leverage (debt to EBITDA) and adjusted
leverage (adjusted debt/EBITDAR) will be 3.0x and 3.6x,
respectively, nearly unchanged from the ATK's 2.9x and 3.4x at the
end of fiscal 2014.  Pro forma fiscal 2015 FFO adjusted leverage is
expected to deteriorate notably to 4.6x, up from 3.8x at the end of
fiscal 2014, due to lower funds from operations as stand-alone ORB
generated lower revenues and margins than spun-off VSTO.

Fitch estimates OA's credit metrics will improve over the next two
years driven by modest revenue growth, marginal operating
improvements and scheduled repayment of the company's term loans.
Fitch expects OA's leverage and adjusted leverage will decline to
2.4x and 3.0x, respectively, by the end of fiscal 2017.  FFO
adjusted leverage is also expected to improve to 3.9x during the
same time frame.  Other metrics such as FCF margin and FFO fixed
charge coverage are solid for the ratings.

Fitch is concerned with merger integration risk, rising competition
in some space sectors, a continued decline in small caliber
ammunition demand and lower contract rates which resulted from the
renewal of the Lake City operating contract in fiscal 2013, and
lower modernization activities at Lake City. Additionally, VSTO's
spin-off and the subsequent merger with ORB significantly increased
the company's exposure to the U.S. Government, which now accounts
for approximately 74% of total revenues.  Fitch will monitor OA's
cash deployment strategies, but expects the company's share
repurchases and dividends will be moderate.  Fitch anticipates OA's
acquisition activities will also be moderate.

Fitch will monitor the ongoing investigation of the recent
explosion of ORB's Antares Rocket while carrying approximately
5,000 pounds of supplies to the International Space Station as part
of Orbital's $1.9 billion contract with NASA.  Fitch is concerned
with the potential operating distractions associated with the
decision to accelerate to 2016 the replacement of AJ26 engines with
RD-181 engines.  Additionally, Fitch expects there may be operating
margin compression if OA uses third-party rockets to fulfill its
contract with NASA.  The contract accounted for 24% of ORB's
revenues in 2013 and 2012.

Fitch is also concerned with the $562 million underfunded status of
ATK's legacy pension (81% funded as of the end of fiscal 2014). OA
retained the majority of legacy ATK's pension liabilities and will
continue making significant cash pension contributions.  ORB's
legacy defined benefit pension plan liabilities are not material
and are fully funded.

Fitch expects the underfunded portion of the pension liabilities to
increase significantly in fiscal 2015 driven by new mortality
tables and adverse movements in the prevailing interest rates.  The
pension obligation totaled approximately $3 billion at the end of
fiscal 2014.  Other post-employment benefit (OPEB) obligations
totaled $128 million and were $67 million underfunded.  ATK
contributed $40 million to its defined benefit plans in fiscal
2014.  During the nine months ended December 28, 2014, ATK
contributed the minimum required contribution of $80 million to its
defined benefit plans, and it does not expect to make additional
contributions in fiscal 2015.

OA has adequate financial flexibility for the ratings.  Fitch
expects the company's liquidity will be approximately $670 million
at the end of fiscal 2015 consisting of approximately $370 million
in cash and $300 million of availability under its $700 million
revolving credit facility (after giving effect to the expected
revolver draw and outstanding letters of credit).  Fitch expects
OA's liquidity will improve as the company reduces its short term
borrowings under the revolving credit facility over the next
several years.  Additionally, Fitch expects the company will
generate more than $250 million of FCF (before dividends) annually,
affording OA additional financial flexibility and the ability to
de-lever.

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

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer
include:

   -- Low single digit revenue growth.

   -- Lower overall EBITDA margins at approximately 13%
      immediately following the merger.

  -- EBITDA margins will increase to approximately 14% at the end
      of fiscal 2017, reflecting Fitch's conservative view of the
      realized merger synergies.

   -- Identified synergies were modeled only partially resulting
      in margin improvements slower than company forecasts.

   -- Debt repayment will be gradual and based on term loan
      repayment schedules.

   -- Revolving debt is expected to remain outstanding for the
      next three years with $50 million of annual repayment during

      the first two years.

   -- The company will reduce the per share dividend payout:
      annual payments will be in the range of $35 million to $45
      million over the next three years.

   -- OA will resume share repurchases in the range of $50 million

      to $75 million over the next three years.

   -- Cash flow generation will be positive and the company will
      generate above $200 million of FCF annually.

   -- Capital expenditures will fluctuate in the range of 2.4% to
      3% of revenues, annually.

   -- OA is not expected to make sizable acquisitions in the near
      future.

RATING SENSITIVITIES

Fitch does not expect to take positive rating actions over the next
several years until OA reduces its leverage and successfully
completes the merger integration.  A positive rating action will
also depend on the clarity of the company's future financial
policies and cash deployment strategy.

Fitch may take a negative rating action if the company's leverage
and adjusted leverage remain above 3.0x and 3.5x for a prolonged
and sustained period of time.  Fitch may also consider a negative
rating action if the company's FFO adjusted leverage remains above
4.25x by the end of fiscal 2016 or if FCF margin declines and
remains below 3%.

Additionally, a negative rating action may be considered if the
merger results in unforeseen operating challenges and the company
fails to achieve expected financial results, or if the company
engages in sizable share repurchases prior to reducing leverage.

Fitch has affirmed OA's ratings as:

   -- Long-term IDR at 'BB+';
   -- Senior secured bank facility at 'BBB-'.
   -- Senior unsecured notes at 'BB+'

Fitch has assigned OA these ratings:

   -- Senior secured bank facility 'RR1'.
   -- Senior unsecured notes 'RR4'

The Rating Outlook is Stable.



ORBITZ WORLDWIDE: S&P Puts 'B+' CCR on CreditWatch Positive
-----------------------------------------------------------
Standard & Poor's Ratings Services placed its ratings on Orbitz
Worldwide Inc., including the 'B+' corporate credit rating, on
CreditWatch with positive implications.

The CreditWatch placement follows Orbitz's announcement that it has
entered into a definitive agreement to be acquired by Expedia Inc.
Expedia will pay $12 per share for an enterprise value of about
$1.6 billion.  The transaction is subject to Orbitz's shareholder
and regulatory approvals.  "Given the consolidation that has taken
place in the online travel agency market, the U.S. government will
likely take a closer look at the transaction," said Standard &
Poor's credit analyst Jeanne Shoesmith.  "However, we expect that
the transaction will likely receive regulatory approval and that it
will likely close in the second half of 2015."  With this
acquisition, Expedia will obtain several well-known brands,
including Orbitz, CheapTickets, ebookers, and HotelClub. Expedia
plans to fund the transaction with a combination of cash and debt
issuance.

When the acquisition closes, S&P will raise its ratings on Orbitz
to match the rating on Expedia, at 'BBB-'.  S&P expects that
Orbitz's outstanding debt will be repaid when the transaction is
completed.



ORCKIT COMMUNICATIONS: Cancels Extraordinary Meeting
----------------------------------------------------
Orckit Communications Ltd. announced that its extraordinary general
meeting of shareholders to consider an arrangement between the
Company and its creditors, which was scheduled to be held on Feb.
19, 2015, has been cancelled.

                About Orckit Communications Ltd.
                   (in temporary liquidation)

Orckit facilitates the delivery by telecommunication providers of
high capacity broadband residential, business and mobile services
over wireline or wireless networks with its Orckit-Corrigent family
of products.  Orckit was founded in 1990 and became publicly traded
in 1996.  Orckit's shares are traded on the OTCQB and the Tel Aviv
Stock Exchange and is headquartered in Tel-Aviv, Israel.

Kesselman & Kesselman, in Tel Aviv, Israel, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has a capital deficiency, recurring losses,
negative cash flows from operating activities and has significant
future commitments to repay its convertible subordinated notes.
These facts raise substantial doubt as to the Company's ability to
continue as a going concern.

Orckit reported a net loss of $5.9 million in 2013, a net loss of
$4.5 million in 2012 and a net loss of $17.5 million in 2011.
As of Dec. 31, 2013, the Company had $7.51 million in total
assets, $21.54 million in total liabilities and a $14.03 million
total capital deficiency.


PACIFIC SANDS: Reports $218,000 Net Loss for Second Quarter
-----------------------------------------------------------
Pacific Sands Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $218,000 on $832,000 of net sales for the three months ended
Dec. 31, 2014, compared to a net loss of $61,600 on $728,000 of net
sales for the same period a year ago.

For the six months ended Dec. 31, 2014, the Company reported a net
loss of $675,000 on $1.31 million of net sales compared to a net
loss of $60,800 on $1.26 million of net sales for the same period
during the prior year.

As of Dec. 31, 2014, the Company had $836,000 in total assets,
$1.25 million in total liabilities and a $416,000 total
stockholders' deficit.

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

                       http://is.gd/5OhrvG

                        About Pacific Sands

Based in Kenosha, Wisconsin, Pacific Sands, Inc., develops,
manufactures, markets and sells a range of nontoxic,
environmentally friendly cleaning and water-treatment
products based on proprietary blended botanical, nontoxic and
natural chemical technologies.  The Company's products have
applications ranging from water maintenance (spas, swimming pools,
fountains, decorative ponds) to cleaning (nontoxic household and
industrial) and pet care.

Pacific Sands reported a net loss of $334,000 for the year ended
June 30, 2014, compared to a net loss of $104,500 for the year
ended June 30, 2013.

Sassetti, LLC, in Oak Park, Illinois, issued a "going concern"
qualification on the consolidated financial statements for the
year ended June 30, 2014, citing that the Company has a
significant accumulated deficit which raises substantial doubt
about the Company's ability to continue as a going concern.


PARADIGM EAST HANOVER: Taps Team Resources as Real Estate Broker
----------------------------------------------------------------
Paradigm East Hanover, LLC, seeks approval from the Bankruptcy
Court to employ Team Resources, Inc., and possibly additional
brokers, as real estate broker.

Prior to the Petition Date, Team Resources advised the Debtor of
two prospective purchasers for its properties, namely AvalonBay
Communities, Inc., and Tulfra Realty II, LLC.  Subsequent to the
Petition Date, one of the prospective purchasers, AvalonBay,
entered into a contract with the Debtor, which contract referenced
SBWE n/k/a Team Resources, Inc., as the broker.  

The property is located at Block 99, Lot 4 a/k/a 11 Mt. Pleasant
Avenue, East Hanover, NJ 07936; Block 99, Lot 4.02 a/k/a/ 3
Farinella Drive, East Hanover, NJ 07936; and Block 99, Lot 5.01
a/k/a 33 Mt. Pleasant Avenue, East Hanover, NJ 07936.

Team Resources requested that it be retained by order of the Court
solely to obtain its commission under the AvalonBay contract and to
obtain a commission if it brings in an alternative purchaser.  It
is not seeking a commission if any other entity is the successful
purchaser of the properties.  It will be entitled to a commission
only if the transaction closes and will only be paid from the
closing proceeds.  Retention is to be nunc pro tunc to July 23,
2014.

Team Resources will serve as broker on the AvalonBay contract, the
potential contract of sale with Tulfra, and any other prospective
purchaser that identifies Team Resources in its proposed contract
as the procuring broker.

Upon the closing of title of a sale to AvalonBay and/or Tulfra,
and/or to any other related parties and/or affiliates of AvalonBay
and/or Tulfra to whom AvalonBay and/or Tulfra have assigned their
rights under a contract of sale with the Debtor, and upon receipt
of the sales price for the Debtor's real property, Team Resources
shall receive a commission equal to 5 percent of the sales price
from the sale proceeds.  To the extent that Team Resources provides
an alternate purchaser for the Debtor's real property, Team
Resources will receive similar compensation upon the closing of
title and receipt of the sales price from the alternate purchaser.

To the best of the Debtor's knowledge, Team Resources is a
disinterested person under 11 U.S.C. Sec. 101(14).

                        About Paradigm East

Paradigm East Hanover, LLC, sought Chapter 11 bankruptcy
petition (Bankr. D.N.J. Case No. 14-25017) in Newark, New Jersey,
on July 23, 2014.

The Debtor, a Single Asset Real Estate as defined in 11 U.S.C. Sec.
101(51B), disclosed assets of between $10 million and $50 million,
and debt of less than $10 million.

The company is owned by entities held by Paradigm Capital Funding,
LLC.

The case is assigned to Judge Donald H. Steckroth.  Morris S.
Bauer, Esq., at Norris McLaughlin & Marcus, PA, in Bridgewater, New
Jersey, serves as counsel.



PARK FLETCHER: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Park Fletcher Realty, LLC
        7350 W Washington St
        Indianapolis, IN 46231

Case No.: 15-00843

Chapter 11 Petition Date: February 15, 2015

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Hon. Jeffrey J. Graham

Debtor's Counsel: KC Cohen, Esq.
                  KC COHEN, LAWYER, PC
                  151 N Delaware St Ste 1106
                  Indianapolis, IN 46204
                  Tel: 317-715-1845
                  Fax: 317-916-0406
                  Email: kc@esoft-legal.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Shawn Williams, managing member.

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



PAYLESS INC: S&P Revises Outlook to Stable & Affirms 'B' CCR
------------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook on
Kansas-based Payless Inc. to stable from negative.  At the same
time, S&P affirmed its 'B' corporate credit rating on the company.
S&P also is affirming the 'B' issue-level rating on the company's
first-lien term loan with a '4' recovery rating, and the 'CCC+
issue-level rating on the second-lien term loan with a '6' recovery
rating.

"The outlook revision reflects the company's stabilized operating
performance and credit metrics, along with our expectation for
gradually improving operating performance over the next 12 months
as a result of a more effective merchandising strategy.  We are
projecting modest sales and margin gains over the next 12 months,"
said credit analyst Helena Song.

The stable outlook on Payless Inc. reflects S&P's expectation for
improvement in operating performance credit metrics over the next
12 months.  While S&P believes the company will improve from its
current trend of negative same-store sales, S&P expects some
continued margin pressure next year as a result of a persistently
promotional environment in the industry.

Downside scenario

S&P could lower the ratings if comparable-store sales remain
meaningfully negative over the next 12 months as a result of
merchandise missteps, and margins continue to erode.  This decline
in performance would result in EBITDA falling 15%-20% below S&P's
forecast over the next year, leading to leverage in the 5.0x area
and the fixed-charge coverage in the low-1.0x area.

Upside scenario

Although unlikely, S&P could raise the ratings if the company
demonstrates improved and consistent performance with same-store
sales gains in the mid-single digits, along with meaningful margin
expansion.  This could happen if management can execute a more
focused merchandise strategy that resonates well with consumers,
and can manage its inventory effectively to meet demand and limit
promotional activity.  Under this scenario, EBITDA would grow
around 30%, resulting in leverage in the low-3.0x range and
fixed-charge coverage in the high 1.0x range.



PEOPLE'S COMMUNITY: Files for Ch 11, Aims to Relaunch Clinics
-------------------------------------------------------------
Pamela Wood at The Baltimore Sun reports that William A. Green, the
new leader of The People's Community Health Centers, Inc.,
described during a meeting of creditors in federal bankruptcy court
plans to relaunch the five clinics it closed last summer amid
mounting financial problems.  

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Md. Case No. 15-10228) on Jan. 7, 2015, listing $3.04 million in
total assets and $6.73 million in total liabilities.  The petition
was signed by Mr. Green, managing agent.  Michael Stephen Myers,
Esq., at Scarlett, Croll & Myers, P.A., serves as the Company's
bankruptcy counsel.

The Baltimore Sun relates that the relaunch, according to Mr.
Green's plans, would restart a cash flow to pay back debts.  Citing
Mr. Green, the report states that the clinics wouldn't rely on
federal grants as the Company did, but they would rely on insurance
payments from patients as their main revenue source.

According to The Baltimore Sun, the Company's former grants
specialist, Barbara Einzig, is unconvinced the plans will work.
She said that if the Company couldn't work as a federally qualified
center, which received millions in grants and had government
oversight, how it would be viable without grants, the report adds.

Mr. Green, The Baltimore Sun relates, said that former managers of
the Company are gone, and the only carryovers are members of the
board of directors.  Mr. Green said he didn't believe previous
leadership of the Company misappropriated or misspent money, but he
thought things were "done weird," including having numerous bank
accounts with many transfers between them, and payroll that was too
high, The Baltimore Sun reports.  When the Company faltered,
leaders applied for more grants, the report says, citing Mr.
Green.

The People's Community Health Centers, Inc., fdba Medhealth of
Maryland, Inc., is based in Baltimore, Maryland.


PETRON ENERGY: PE Asset Reports 9.9% Stake as of Sept. 3
--------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, PE Asset #1 Corp. disclosed that as of Sept. 3, 2014,
it beneficially owned 1,292,176,314 shares of common stock of
Petron Energy II, Inc., which represents 9.99 percent of the shares
outstanding.  Daniel Vesco also beneficially owned 1,438,507,278
common shares as of that date.  Mr. Vesco is the president of PE
Asset #1 Corp., and in that capacity holds investment discretion
and voting power over securities held by PE Asset #1 Corp.  A copy
of the regulatory filing is available for free at
http://is.gd/r2zc52

                        About Petron Energy

Dallas-based Petron Energy II, Inc., is engaged primarily in the
acquisition, development, production, exploration for and the sale
of oil, gas and gas liquids in the United States.  As of Dec. 31,
2011, the Company is operating in the states of Texas and
Oklahoma.  In addition, the Company operates two gas gathering
systems located in Tulsa, Wagoner, Rogers and Mayes counties of
Oklahoma.  The pipeline consists of approximately 132 miles of
steel and poly pipe, a gas processing plant and other ancillary
equipment.  The Company sells its oil and gas products primarily
to a domestic pipeline and to another oil company.

Petron Energy reported a net loss of $4.30 million in 2013
following a net loss of $8.32 million in 2012.

As of Sept. 30, 2014, the Company had $3.74 million in total
assets, $13.8 million in total liabilities and a $10.09 million
total stockholders' deficit.

KWCO, PC, in Odessa, TX, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2013.  The independent auditors noted that the Company's
significant operating losses since inception raise substantial
doubt about its ability to continue as a going concern.


PHOTOMEDEX INC: LSV Asset Reports 4.48% Stake as of Dec. 31
-----------------------------------------------------------
LSV Asset Management disclosed in an amended Schedule 13G filed
with the U.S. Securities and Exchange Commission that as of Dec.
31, 2014, it beneficially owned 912,869 shares of common stock of
Photomedex Inc., which represents 4.48 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/lmZnb5

                          About PhotoMedex

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

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

The Company's balance sheet at Sept. 30, 2014, showed $277 million
in assets, $138 million in total liabilities, and $140 million of
total stockholders' equity.


PIER 1 IMPORTS: Revised FY 2015 Guidance No Impact on Moody's CFR
-----------------------------------------------------------------
Moody's Investors Service said Pier 1 Imports (U.S.), Inc.'s recent
announcement revising guidance lower for its fiscal year ended
February 2015 is credit negative as it signals higher than
anticipated costs associated with the company's investments in its
omni-channel strategy with only modest year over year revenue
growth, resulting in leverage above Moody's initial forecast.
However, the company's B1 Corporate Family Rating (CFR) and stable
rating outlook are not affected because Moody's believes these
investments will ultimately support sales and EBITDA growth,
keeping debt-to-EBITDA within the levels anticipated for the rating
and maintaining the company's good liquidity profile.

The principal methodology used in this rating was Global Retail
Industry published in June 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.

Pier 1 is an indirect operating subsidiary of Pier 1 Imports, Inc.,
a specialty retailer of imported decorative home furnishings and
gifts.  The company operates through 1,074 stores throughout the
U.S. and Canada, its Pier1.com e-commerce website, and licensing
arrangements with 68 stores in Mexico and 1 in El Salvador.  LTM
revenue through November 29, 2014 is over $1.8 billion.


PINETREE CAPITAL: Enters Into Forbearance Agreement
---------------------------------------------------
Pinetree Capital Ltd. on Feb. 13 disclosed that it has entered into
a forbearance agreement with Equity Financial Trust Company, as
trustee on behalf of the holders of the Company's 10% convertible
unsecured subordinated debentures due May 31, 2016, in connection
with the "Event of Default" currently existing under the debenture
indenture governing the Debentures.  The Event of Default resulted
from Pinetree's breach effective Oct. 31, 2014 of the covenant in
the Indenture that prohibits its debt-to-assets ratio from
exceeding 33% as at the end of each month.

Pursuant to the terms of the Forbearance Agreement, until Oct. 31,
2015, the Debentureholders will refrain from exercising any rights
or remedies that they may have under the Indenture or otherwise in
respect of the Event of Default and any subsequent default of the
Covenant, unless a breach of the Forbearance Agreement occurs.

In accordance with the Forbearance Agreement, among other things:

   -- the Company's obligations in respect of the Debentures are
now secured by its assets and the assets of its material
subsidiaries;

   -- Jonathan Pollack, John Varghese and Andrew Steuter, as
nominees of the Debentureholders, have been appointed as directors
to the Company's board, and Messieurs Varghese and Steuter have
been appointed as the members of the Company's newly-constituted
investment oversight committee;

   -- by July 31, 2015, the Company will reduce the aggregate
principal amount of the outstanding Debentures by at least $20
million; and

   -- for the three-month period of July through September 2015,
the Company will be subject to a covenant that limits its
debt-to-assets ratio to 50%.

In accordance with the terms of the Indenture, holders of in excess
of 66 2/3% principal amount of the Debentures passed extraordinary
resolutions (in writing) authorizing the trustee to enter into the
Forbearance Agreement and related agreements, including a third
supplemental indenture amending the Indenture.

Marshall Auerback and Roger Rai have resigned from the Company's
board of directors in order to make way for the Debentureholder
nominees.

Sheldon Inwentash, the Company's Chairman and Chief Executive
Officer has retired.  Mr. Inwentash has led the Company since its
inception in 1992, through periods of incredible growth and
challenging times.  The board of directors extends its appreciation
for his innumerable contributions and 23 years of dedicated service
to Pinetree.

Richard Patricio, the Company's Vice-President, Corporate & Legal
Affairs, has assumed the responsibilities of CEO.  Mr. Patricio has
been with Pinetree since 2005 as a key member of management and the
investment team.

In addition to his management role, Mr. Patricio sits on the boards
and subcommittees of several public companies, where he is a
well-respected and trusted advisor to senior management, known for
his practical approach to problem solving and as a consensus
builder.

"We are pleased that the debt holders are supportive of our
business and committed to working with us to move the Company
forward, for the benefit of all stakeholders," commented Mr.
Patricio.  "We were able to reach an agreement relatively quickly
with the debenture holders, with minimal disruption to our
operations.  With everyone now focused on a common goal, we can
dedicate our energy to managing the portfolio and pursuing
opportunities."

                        About Pinetree

Pinetree Capital Ltd. http://www.pinetreecapital.com/-- is a
diversified investment and merchant banking firm focused on the
small cap market.  Pinetree's investments are primarily in the
following sectors: Precious Metals, Uranium and Technology.  It was
incorporated under the laws of the Province of Ontario and its
shares are publicly-traded on the Toronto Stock Exchange ("TSX")
under the symbol "PNP".


PLUG POWER: Capital Ventures Cuts Stake to 2.3% as of Dec. 31
-------------------------------------------------------------
Capital Ventures International and Heights Capital Management,
Inc., disclosed in an amended Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of Dec. 31, 2014, they
beneficially owned 4,000,000 shares of common stock of Plug Power,
Inc., representing 2.3 percent of the shares outstanding.  The
Company's quarterly report on Form 10-Q for the quarterly period
ended Sept. 30, 2014, indicates that there were 173,125,897 Shares
outstanding as of Nov. 5, 2014.

The reporting persons previously reported beneficial ownership of
10,000,000 shares or 7.9 percent equity stake as of Jan. 10, 2014.

Heights Capital is the investment manager to Capital Ventures
International and as such may exercise voting and dispositive power
over these shares.

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

                       http://is.gd/ItzLgp

                         About Plug Power

Plug Power Inc. is a provider of alternative energy technology
focused on the design, development, commercialization and
manufacture of fuel cell systems for the industrial off-road
(forklift or material handling) market.

Plug Power reported a net loss attributable to common shareholders
of $62.8 million in 2013, a net loss of $31.86 million in 2012
and a net loss of $27.5 million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $212 million
in total assets, $46.8 million in total liabilities, $1.15 million
in redeemable preferred stock, and $164 million in total
stockholders' equity.

"Our cash requirements relate primarily to working capital needed
to operate and grow our business, including funding operating
expenses, growth in inventory to support both shipments of new
units and servicing the installed base, funding the growth in our
GenKey "turn-key" solution which also includes the installation of
our customer's hydrogen infrastructure as well as delivery of the
hydrogen molecule, and continued development and expansion of our
products.  Our ability to achieve profitability and meet future
liquidity needs and capital requirements will depend upon numerous
factors, including the timing and quantity of product orders and
shipments; the timing and amount of our operating expenses; the
timing and costs of working capital needs; the timing and costs of
building a sales base; the timing and costs of developing
marketing and distribution channels; the timing and costs of
product service requirements; the timing and costs of hiring and
training product staff; the extent to which our products gain
market acceptance; the timing and costs of product development and
introductions; the extent of our ongoing and any new research and
development programs; and changes in our strategy or our planned
activities.  If we are unable to fund our operations, we may be
required to delay, reduce and/or cease our operations and/or seek
bankruptcy protection," the Company stated in its quarterly report
for the period ended Sept. 30, 2014.


QUANTUM FUEL: Capital Ventures Reports 3.9% Stake as of Dec. 31
---------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Capital Ventures International and Heights
Capital Management, Inc., disclosed that as of Dec. 31, 2014, they
beneficially owned 943,688 shares of common stock of Quantum Fuel
Systems Technologies Worldwide, Inc., representing 3.9 percent of
the shares outstanding.  A copy of the regulatory filing is
available at http://is.gd/sZcAj9

                        About Quantum Fuel

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

Quantum Fuel reported a net loss attributable to stockholders of
$23.04 million in 2013, a net loss attributable to stockholders of
$30.9 million in 2012 and a net loss attributable to common
stockholders of $38.5 million in 2011.


RADIOSHACK CORP: Court Issues Joint Administration Order
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware issued an
order directing the joint administration of the Chapter 11 cases of
RadioShack Corporation and its debtor affiliates under lead Case
No. 15-10197.

                About Radioshack Corporation

Fort Worth, Texas-based RadioShack (NYSE: RSH) --
http://www.radioshackcorporation.com/-- is a retailer of 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 Corporation (Bankr. D. Del. Case No. 15-10197) and
affiliates Atlantic Retail Ventures, Inc. (Bankr. D. Del. Case No.
15-10199), Ignition L.P. (Bankr. D. Del. Case No. 15-10200), ITC
Services, Inc. (Bankr. D. Del. Case No. 15-10201), Merchandising
Support Services, Inc. (Bankr. D. Del. Case No. 15-10202),
RadioShack Customer Service LLC (Bankr. D. Del. Case No.
15-10203), RadioShack Global Sourcing Corporation (Bankr. D. Del.
Case No. 15-10204), RadioShack Global Sourcing Limited Partnership
(Bankr. D. Del. Case No. 15-10206), RadioShack Global Sourcing,
Inc. (Bankr. D. Del. Case No. 15-10207), RS Ig Holdings
Incorporated (Bankr. D. Del. Case No. 15-10208), RSIgnite, LLC
(Bankr. D. Del. Case No. 15-10209), SCK, Inc. (Bankr. D. Del. Case
No. 15-10210), Tandy Finance Corporation (Bankr. D. Del. Case No.
15-10211), Tandy Holdings, Inc. (Bankr. D. Del. Case No.
15-10212),
Tandy International Corporation (Bankr. D. Del. Case No.
15-10213),
TE Electronics LP (Bankr. D. Del. Case No. 15-10214), Trade and
Save LLC (Bankr. D. Del. Case No. 15-10215), and TRS Quality, Inc.
(Bankr. D. Del. Case No. 15-10217) filed separate Chapter 11
bankruptcy petitions on Feb. 5, 2015.  The petitions were signed
by
Joseph C. Maggnacca, chief executive officer.  Judge Kevin J.
Carey
presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul
M. Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.  David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and
John H. Schanne, II, Esq., at Pepper Hamilton LLP serve as
co-counsel.  Carlin Adrianopoli at FTI Consulting, Inc., is the
Debtors' restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor.  Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real
estate advisor.  Prime Clerk is the Debtors' claims and noticing
agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

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.

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


RADIOSHACK CORP: Has Interim Approval of Equity Trading Protocol
----------------------------------------------------------------
RadioShack Corporation, et al., obtained interim authority from the
U.S. Bankruptcy Court for the District of Delaware to establish
procedures for transfers of equity securities.

Any purchase, sale, trade or other transfer of equity securities in
violation of the equity transfer procedures will be null and void
ab initio and will confer no rights on the transferee.  Any person
or entity who currently is or becomes a Substantial Equityholder is
required to file with the Court a notice of such status after
becoming a substantial equityholder.  A "Substantial Equityholder"
is any person or entity that beneficially owns at least 4,531,500
shares of RadioShack Corporation.

The Debtors have experienced years of losses from the operation of
their business.  As a result, the Debtors estimate that their
federal income tax net operating losses are approximately $600
million as of the Petition Date, which amounts could be even higher
when the Debtors emerge from Chapter 11.  These NOLs could
translate into future reductions of the Debtors' federal income tax
liabilities of approximately $210 million based on a corporate
federal income tax rate of 35%.  These tax savings could
substantially enhance the
Debtors' cash position for the benefit of parties-in-interest and
contribute to the Debtors' efforts to maximize value for the
benefit of creditors.

The Debtors tell the Court that they may lose the ability to use
their NOLs if they experience an "ownership change" for federal
income tax purposes.  To prevent this potential loss of property of
the Debtors' estates, the Debtors request Court approval of the
procedures to govern the transfers of Equity Securities during the
pendency of these Chapter 11 cases.  In addition, the Debtors may
ultimately need to seek an order in connection with a qualifying
asset sale with respect to trading in Claims to protect and
preserve the value of the NOLs.

The final hearing to consider entry of an order granting the relief
requested in the motion on a final basis will be held on March 4,
2015, at 1:30 p.m. (ET).  If no objections to the motion are timely
filed, served, and received, the interim order will be deemed a
final order upon expiration of the objection deadline without
further notice or hearing, and the motion will be granted on a
final and permanent basis.

                About Radioshack Corporation

Fort Worth, Texas-based RadioShack (NYSE: RSH) --
http://www.radioshackcorporation.com/-- is a retailer of 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 Corporation (Bankr. D. Del. Case No. 15-10197) and
affiliates Atlantic Retail Ventures, Inc. (Bankr. D. Del. Case No.
15-10199), Ignition L.P. (Bankr. D. Del. Case No. 15-10200), ITC
Services, Inc. (Bankr. D. Del. Case No. 15-10201), Merchandising
Support Services, Inc. (Bankr. D. Del. Case No. 15-10202),
RadioShack Customer Service LLC (Bankr. D. Del. Case No.
15-10203), RadioShack Global Sourcing Corporation (Bankr. D. Del.
Case No. 15-10204), RadioShack Global Sourcing Limited Partnership
(Bankr. D. Del. Case No. 15-10206), RadioShack Global Sourcing,
Inc. (Bankr. D. Del. Case No. 15-10207), RS Ig Holdings
Incorporated (Bankr. D. Del. Case No. 15-10208), RSIgnite, LLC
(Bankr. D. Del. Case No. 15-10209), SCK, Inc. (Bankr. D. Del. Case
No. 15-10210), Tandy Finance Corporation (Bankr. D. Del. Case No.
15-10211), Tandy Holdings, Inc. (Bankr. D. Del. Case No.
15-10212),
Tandy International Corporation (Bankr. D. Del. Case No.
15-10213),
TE Electronics LP (Bankr. D. Del. Case No. 15-10214), Trade and
Save LLC (Bankr. D. Del. Case No. 15-10215), and TRS Quality, Inc.
(Bankr. D. Del. Case No. 15-10217) filed separate Chapter 11
bankruptcy petitions on Feb. 5, 2015.  The petitions were signed
by
Joseph C. Maggnacca, chief executive officer.  Judge Kevin J.
Carey
presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul
M. Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.  David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and
John H. Schanne, II, Esq., at Pepper Hamilton LLP serve as
co-counsel.  Carlin Adrianopoli at FTI Consulting, Inc., is the
Debtors' restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor.  Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real
estate advisor.  Prime Clerk is the Debtors' claims and noticing
agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

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.

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


RADIOSHACK CORP: Laid Off Workers May Have to Wait to Get Paid
--------------------------------------------------------------
Sandra Baker at the Star-Telegram reports that laid off RadioShack
Corp. workers will likely have to get in line with other creditors
to collect their promised severance.

Citing an e-mail sent to workers by the Company's CEO, Joe
Magnacca, the Star-Telegram recalls that in December 2014, the
Company changed its severance policy from giving departing
employees a lump sum to providing payments bi-weekly.  According to
the report, the e-mail said that  it appears that about 40 workers
were let go in January 2015.

Star-Telegram says that following the Company's bankruptcy filing,
the Bankruptcy Court will have to approve continuing those
payments.  The Company, the report states, has not sought
permission to continue paying the severance and it appears unlikely
that it will.

According to the Star-Telegram, bankruptcy experts said that the
laid-off employees would fall into the "pre-petition priority"
claims group, and would be given preference over some other claims
but remain behind others.  Star-Telegram states that the portion of
employee salary or severance claims is limited to $12,475, as long
as the money was earned six months before the bankruptcy filing.

"The chances are good they will eventually get something.  In fact,
a successful Chapter 11 plan of reorganization essentially requires
that they be paid in full," Star-Telegram quoted Wayne Barnes,
Esq., a law professor with the Texas A&M University as saying.

                About RadioShack Corporation

Fort Worth, Texas-based RadioShack (NYSE: RSH) --
http://www.radioshackcorporation.com/-- is a retailer of 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 Corporation (Bankr. D. Del. Case No. 15-10197) and
affiliates Atlantic Retail Ventures, Inc. (Bankr. D. Del. Case No.
15-10199), Ignition L.P. (Bankr. D. Del. Case No. 15-10200), ITC
Services, Inc. (Bankr. D. Del. Case No. 15-10201), Merchandising
Support Services, Inc. (Bankr. D. Del. Case No. 15-10202),
RadioShack Customer Service LLC (Bankr. D. Del. Case No.
15-10203), RadioShack Global Sourcing Corporation (Bankr. D. Del.
Case No. 15-10204), RadioShack Global Sourcing Limited Partnership
(Bankr. D. Del. Case No. 15-10206), RadioShack Global Sourcing,
Inc. (Bankr. D. Del. Case No. 15-10207), RS Ig Holdings
Incorporated (Bankr. D. Del. Case No. 15-10208), RSIgnite, LLC
(Bankr. D. Del. Case No. 15-10209), SCK, Inc. (Bankr. D. Del. Case
No. 15-10210), Tandy Finance Corporation (Bankr. D. Del. Case No.
15-10211), Tandy Holdings, Inc. (Bankr. D. Del. Case No. 15-10212),
Tandy International Corporation (Bankr. D. Del. Case No. 15-10213),
TE Electronics LP (Bankr. D. Del. Case No. 15-10214), Trade and
Save LLC (Bankr. D. Del. Case No. 15-10215), and TRS Quality, Inc.
(Bankr. D. Del. Case No. 15-10217) filed separate Chapter 11
bankruptcy petitions on Feb. 5, 2015.  The petitions were signed by
Joseph C. Maggnacca, chief executive officer.  Judge Kevin J. Carey
presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul
M. Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.  David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and
John H. Schanne, II, Esq., at Pepper Hamilton LLP serve as
co-counsel.  Carlin Adrianopoli at FTI Consulting, Inc., is the
Debtors' restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor.  Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real
estate advisor.  Prime Clerk is the Debtors' claims and noticing
agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

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.


RADIOSHACK CORP: Proposes Up to $3MM in Bankruptcy Bonuses
----------------------------------------------------------
RadioShack Corporation, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to implement a key
employee incentive program and key employee retention program to
maximize the value of the Debtors' assets for the benefit of the
estates, incentivize the KEIP Participants to create value for
creditors as of the sale, and retain KERP participants throughout
the Chapter 11 process.

The maximum cost of the KEIP will be $2 million, which is equal to
100% of the total individual KEIP opportunities available to the
eight participants.  Under the proposed KEIP structure: (i) Court
approval of a Going Concern Bid in an amount equal to or greater
than the Stalking Horse Bid will fund a payment of 50% of the
individual KEIP opportunities; (ii) approval of a Going Concern Bid
that exceeds the Stalking Horse Bid by $5 million to $25 million
will fund an incremental payment of 25% of the individual KEIP
opportunities; and (iii) approval of a Going Concern Bid that
exceeds the Stalking Horse Bid by more than $25  million will fund
another incremental 25% payment of the individual KEIP opportunity.
The total cost of the Stage One Payment is $500,000, the
incremental cost of the Stage Two Payment is $750,000, and the
incremental cost of the Stage Three Payment is $750,000.

Under the KEIP, the maximum award opportunities will range from
$88,000 to $650,000 for each of the eight participants, with an
average maximum award opportunity of $250,000.  Awards will be
forfeited if a KEIP Participant resigns voluntarily.  However,
awards will be paid pro-rata for an involuntary termination, not
for cause, calculated from the Petition Date to the date the 363
Sale is approved by the Court.   

The Debtors propose to implement a retention program for their key,

non-insider employees, providing a maximum aggregate bonus pool of
approximately $1 million.  Each KERP Participant will receive a
percentage of their current base salary, which is based on the
Debtors' analysis of the KERP Participant's responsibilities, and
in
consideration of Towers Watson's market data from approved
non-insider KERPs.  The Debtors will also reserve approximately
$100,500 to: (i) provide KERP awards to additional non-insider
employees that are identified during the course of the Debtors'
case as being essential to the Debtors' sale efforts, or (ii) make
additional distributions to other KERP Participants as judged
necessary to retain those employees.

Sara Randazzo, writing for The Wall Street Journal, reported that
eight executives and up to 30 other employees are in line for the
payouts.  Law360 said the troubled electronics retailer said the
employees have institutional knowledge and skills that are
essential to maximizing the value of RadioShack's estates during
its bankruptcy cases.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that RadioShack also asked the Court to halt federal
lawsuits against its chief executive officer and other top
officials in connection with company-sponsored 401(k) plans.  The
Bloomberg columnists noted that the company and CEO Joe Magnacca
were sued in Fort Worth for allegedly violating their fiduciary
duties to participants in the retirement savings plan by continuing
to offer company stock as an investment option.

A hearing to consider approval of the request is scheduled for
March 4, 2015, at 01:30 p.m.  Objections due by Feb. 18.

                About Radioshack Corporation

Fort Worth, Texas-based RadioShack (NYSE: RSH) --
http://www.radioshackcorporation.com/-- is a retailer of 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 Corporation (Bankr. D. Del. Case No. 15-10197) and
affiliates Atlantic Retail Ventures, Inc. (Bankr. D. Del. Case No.
15-10199), Ignition L.P. (Bankr. D. Del. Case No. 15-10200), ITC
Services, Inc. (Bankr. D. Del. Case No. 15-10201), Merchandising
Support Services, Inc. (Bankr. D. Del. Case No. 15-10202),
RadioShack Customer Service LLC (Bankr. D. Del. Case No.
15-10203), RadioShack Global Sourcing Corporation (Bankr. D. Del.
Case No. 15-10204), RadioShack Global Sourcing Limited Partnership
(Bankr. D. Del. Case No. 15-10206), RadioShack Global Sourcing,
Inc. (Bankr. D. Del. Case No. 15-10207), RS Ig Holdings
Incorporated (Bankr. D. Del. Case No. 15-10208), RSIgnite, LLC
(Bankr. D. Del. Case No. 15-10209), SCK, Inc. (Bankr. D. Del. Case
No. 15-10210), Tandy Finance Corporation (Bankr. D. Del. Case No.
15-10211), Tandy Holdings, Inc. (Bankr. D. Del. Case No.
15-10212),
Tandy International Corporation (Bankr. D. Del. Case No.
15-10213),
TE Electronics LP (Bankr. D. Del. Case No. 15-10214), Trade and
Save LLC (Bankr. D. Del. Case No. 15-10215), and TRS Quality, Inc.
(Bankr. D. Del. Case No. 15-10217) filed separate Chapter 11
bankruptcy petitions on Feb. 5, 2015.  The petitions were signed
by
Joseph C. Maggnacca, chief executive officer.  Judge Kevin J.
Carey
presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul
M. Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.  David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and
John H. Schanne, II, Esq., at Pepper Hamilton LLP serve as
co-counsel.  Carlin Adrianopoli at FTI Consulting, Inc., is the
Debtors' restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor.  Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real
estate advisor.  Prime Clerk is the Debtors' claims and noticing
agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

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.

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


RADIOSHACK CORP: Store Closures to Occur in Three Waves
-------------------------------------------------------
Nathan Kraatz at Timesgazette.com reports that the closures of
RadioShack Corp. stores will occur in three waves.

Timesgazette.com recalls that the store closings were initiated
when the Company filed for Chapter 11 bankruptcy protection on Feb.
5, 2015.  Timesgazette.com relates that the second wave of closures
includes Xenia and Lebanon locations, while the third wave includes
Wilmington.

According to Timesgazette.com, the closures are set to occur by
Feb. 28, 2015, but may be extended to March 31, 2015.

The Company said in a public announcement that it is closing more
than 1,700 stores, but stores in Hillsboro and Washington C.H. are
not among them.  The stores that are closing will be expected to
sell off their inventory, presumably holding a going out of
business sale.

Real Estate Weekly reports that Andy Graiser, co-president at A&G
Realty Partners, which has been retained by the Company to manage
the sale of its stores, said, "We expect store closing sales to
move very quickly and there will be several waves of store
closures. It is important for interested parties to move quickly on
submitting offers for leases before the store closes."

Rapid City Journal quoted Mark Kazmer, owner of the Radio Shack
store in Spearfish, South Dakota, as saying, "A few days before the
announcement, when it looked imminent that last second financing
would not be achieved, a group of dealers started a fast and
furious line of communication with each other to strategize our
next steps.  And the overwhelming support of the Dealers joining
together to form a buyers group convinces me that we are not going
anywhere.  We may end up having to rebrand ourselves, but we have
already opened the lines of communication with several distributors
to come to them as a group and pledge our business in return for
better pricing that comes with that buying power.  Some of these
distributors already deal with about a third of the RadioShack
Franchise stores, but if we can bring them the other 600, that
gives us some clout."

                About RadioShack Corporation

Fort Worth, Texas-based RadioShack (NYSE: RSH) --
http://www.radioshackcorporation.com/-- is a retailer of 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 Corporation (Bankr. D. Del. Case No. 15-10197) and
affiliates Atlantic Retail Ventures, Inc. (Bankr. D. Del. Case No.
15-10199), Ignition L.P. (Bankr. D. Del. Case No. 15-10200), ITC
Services, Inc. (Bankr. D. Del. Case No. 15-10201), Merchandising
Support Services, Inc. (Bankr. D. Del. Case No. 15-10202),
RadioShack Customer Service LLC (Bankr. D. Del. Case No.
15-10203), RadioShack Global Sourcing Corporation (Bankr. D. Del.
Case No. 15-10204), RadioShack Global Sourcing Limited Partnership
(Bankr. D. Del. Case No. 15-10206), RadioShack Global Sourcing,
Inc. (Bankr. D. Del. Case No. 15-10207), RS Ig Holdings
Incorporated (Bankr. D. Del. Case No. 15-10208), RSIgnite, LLC
(Bankr. D. Del. Case No. 15-10209), SCK, Inc. (Bankr. D. Del. Case
No. 15-10210), Tandy Finance Corporation (Bankr. D. Del. Case No.
15-10211), Tandy Holdings, Inc. (Bankr. D. Del. Case No. 15-10212),
Tandy International Corporation (Bankr. D. Del. Case No. 15-10213),
TE Electronics LP (Bankr. D. Del. Case No. 15-10214), Trade and
Save LLC (Bankr. D. Del. Case No. 15-10215), and TRS Quality, Inc.
(Bankr. D. Del. Case No. 15-10217) filed separate Chapter 11
bankruptcy petitions on Feb. 5, 2015.  The petitions were signed by
Joseph C. Maggnacca, chief executive officer.  Judge Kevin J. Carey
presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul
M. Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.  David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and
John H. Schanne, II, Esq., at Pepper Hamilton LLP serve as
co-counsel.  Carlin Adrianopoli at FTI Consulting, Inc., is the
Debtors' restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor.  Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real
estate advisor.  Prime Clerk is the Debtors' claims and noticing
agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

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.


RADIOSHACK CORP: U.S. Trustee Names 7 Members to Creditors' Panel
-----------------------------------------------------------------
Andrew R. Vara, Acting U.S. Trustee for Region 3, notified the U.S.
Bankruptcy Court for the District of Delaware that he has appointed
seven members to the official committee of unsecured creditors in
the Chapter 11 cases of RadioShack Corporation and its debtor
affiliates.

The Committee members are:

   (1) Wilmington Trust, National Association
       Attn: Peter Finkel
       50 South Sixth Street, Suite 1290
       Minneapolis, MN 55402
       Tel: 612-217-5629
       Fax: 612-217-5651

   (2) Martin Moad
       2005 Forest Park Blvd.
       Ft. Worth, TX 76110
       Tel: 817-924-6502

   (3) AT&T Corp.
       Attn: James Grudus, Esq.
       One AT&T Way
       Room 3A115
       Bedminster, NJ 07921
       Tel: 908-234-3318
       Fax: 832-213-0157

   (4) GGP Limited Partnership
       Attn: Julie Minnick Bowden
       110 N. Wacker Drive
       Chicago, IL  60606
       Tel: 312-860-2707
       Fax: 312-442-6374

   (5) Simon Property Group, Inc.
       Attn: Ronald M. Tucker, Esq.
       225 W. Washington Street
       Indianapolis, IN 46204
       Tel: 317-263-2346
       Fax: 317-263-7901

   (6) Tracfone Wireless, Inc.
       Attn: Richard B. Salzman, Esq.
       9700 NW 112th Avenue
       Miami, FL 33178
       Tel: 305-640-2054
       Fax: 305-715-3738

   (7) National Distribution Warehouse, Inc.
       4809 Avenue No. 221
       Brooklyn, NY 11224
       Tel: 718-251-0096
       Fax: 718-745-3203

                About Radioshack Corporation

Fort Worth, Texas-based RadioShack (NYSE: RSH) --
http://www.radioshackcorporation.com/-- is a retailer of 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 Corporation (Bankr. D. Del. Case No. 15-10197) and
affiliates Atlantic Retail Ventures, Inc. (Bankr. D. Del. Case No.
15-10199), Ignition L.P. (Bankr. D. Del. Case No. 15-10200), ITC
Services, Inc. (Bankr. D. Del. Case No. 15-10201), Merchandising
Support Services, Inc. (Bankr. D. Del. Case No. 15-10202),
RadioShack Customer Service LLC (Bankr. D. Del. Case No.
15-10203), RadioShack Global Sourcing Corporation (Bankr. D. Del.
Case No. 15-10204), RadioShack Global Sourcing Limited Partnership
(Bankr. D. Del. Case No. 15-10206), RadioShack Global Sourcing,
Inc. (Bankr. D. Del. Case No. 15-10207), RS Ig Holdings
Incorporated (Bankr. D. Del. Case No. 15-10208), RSIgnite, LLC
(Bankr. D. Del. Case No. 15-10209), SCK, Inc. (Bankr. D. Del. Case
No. 15-10210), Tandy Finance Corporation (Bankr. D. Del. Case No.
15-10211), Tandy Holdings, Inc. (Bankr. D. Del. Case No.
15-10212),
Tandy International Corporation (Bankr. D. Del. Case No.
15-10213),
TE Electronics LP (Bankr. D. Del. Case No. 15-10214), Trade and
Save LLC (Bankr. D. Del. Case No. 15-10215), and TRS Quality, Inc.
(Bankr. D. Del. Case No. 15-10217) filed separate Chapter 11
bankruptcy petitions on Feb. 5, 2015.  The petitions were signed
by
Joseph C. Maggnacca, chief executive officer.  Judge Kevin J.
Carey
presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul
M. Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.  David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and
John H. Schanne, II, Esq., at Pepper Hamilton LLP serve as
co-counsel.  Carlin Adrianopoli at FTI Consulting, Inc., is the
Debtors' restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor.  Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real
estate advisor.  Prime Clerk is the Debtors' claims and noticing
agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

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.


RECYCLE SOLUTIONS: Stay Terminated as to Wells Fargo's Collateral
-----------------------------------------------------------------
U.S. Bankruptcy Judge George W. Emerson, Jr., signed off an agreed
order presented by Recycle Solutions, Inc., and Wells Fargo
Equipment Finance, Inc., in connection with Wells Fargo's motion to
terminate the automatic stay and for abandonment of property of the
estate.

The agreed order provides that:

   1. Wells Fargo holds a security interest in certain equipment of
the Debtor, consisting of three Williams Model Hammermill 100HP
Wood Hogs, Serial Numbers 20340, 20585, and 20520.

   2. Wells Fargo properly perfected its security interest in the
collateral by filing a UCC-1 Financing Statement with the Tennessee
Secretary of State at Instrument Number 421069338.

   3. Prior to Nov. 4, 2014, the Debtor was in default for failure
to make payments as required under the loan agreement.

   4. As of the Petition Date, the Debtor owes Wells Fargo no less
than $85,640 prior to expenses, fees, and costs under the loan
agreement.

   5. The Debtor has no equity in the Collateral and the collateral
is therefore of inconsequential value and benefit to the bankruptcy
estate.  The parties have agreed to relief from the automatic stay
and abandonment of the collateral from the bankruptcy estate.

Wells Fargo is represented by:

         R. Spencer Clift, III, Esq.
         Erno D. Lindner, Esq.
         BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ, PC
         165 Madison Avenue, Suite 2000
         Memphis, TN 38103
         Tel: (901) 577-2216
         Fax: (901) 577-0834
         E-mail: sclift@bakerdonelson.com

The Debtor is represented by:

         Steven N. Douglass
         HARRIS SHELTON HANOVER WALSH, PLLC
         2700 One Commerce Square
         Memphis, TN 38103
         Tel: (901) 525-1455
         Fax: (901) 526-4084
         E-mail: snd@harrisshelton.com

                      About Recycle Solutions

Recycle Solutions, Inc., 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.

Recycle Solutions 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.

The U.S. Trustee for Region 8 appointed three creditors to serve on
the official committee of unsecured creditors.



REGENT PARK CAPITAL: Amends Top Unsecured Creditors List
--------------------------------------------------------
Regent Park Capital, LLC, filed an amended list of creditors
holding the largest unsecured claims.  The Internal Revenue Service
has been added to the list:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Steven Schulz                                          $983,010
6500 Riverplace Blvd., 7-250
Austin, TX 78730

Internal Revenue Service                                 $5,200

Carol Ann Mateo                                          $3,292

Kathy vasquez                                            $2,821

Gladys Schulz                                            $1,250

Altisource/Mortgage Builder                              $1,106

Pedro Bautista                                             $961

Dominga Hurtado-Nava                                       $858

Deshawn Crawford                                           $470

Longhorn Crossing, LLC                                     $230

Federal Express                                             $22

Lester N. Pokome                                        Unknown

North Houston Beemer, LP                                Unknown

Spring 45 LP                                            Unknown

Regent Park Capital, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tex. Case No. 14-11731) on Nov. 21, 2014.  The
petition was signed by Lester N. Pokorne as managing member.
The Debtor estimated assets of $10 million to $50 million and
liabilities of $1 million to $10 million.



RITE AID: Fitch Affirms 'B' Issuer Default Rating; Outlook Positive
-------------------------------------------------------------------
Fitch Ratings views Rite Aid's announcement that it will acquire
Envision Pharmaceutical Services (EnvisionRx), an independent
full-service pharmacy benefit management (PBM) company, as a
positive move as it will enable the company to expand its
distribution channels by getting a foothold in the specialty and
mail-order channels.

The acquisition is supported by Rite Aid's ability improved credit
metrics and cash flow over three years, enabling it to start making
investments that will help strengthen its competitive positioning
over the medium-longer term in the complex and evolving healthcare
landscape where there is increased demand for an integrated health
and wellness offering.

The transaction is valued at approximately $2 billion, which
includes the value of an expected future tax benefit of $275
million.  Rite Aid expects to finance the deal through a $1.8
billion issuance of guaranteed unsecured notes and $200 million in
Rite Aid stock, or approximately 27.9 million shares.

Proforma for the transaction, Rite Aid's adjusted leverage is
expected to increase to 6.2x from 5.9x in fiscal 2015 (February
2015) versus Fitch's prior expectations that it would trend towards
the mid-5x range over the next 24 months.  However, Fitch expects
leverage will get back to below 6x in 24 months assuming FCF is
deployed towards debt reduction post the transaction.

The new notes are expected to be parri passu to Rite Aid's existing
guaranteed notes which are substantially guaranteed by all Rite Aid
subsidiaries which would include EnvisionRx going forward.  Given
that PBMs are typically asset-light businesses, Fitch expects the
guarantees to essentially come from existing subsidiaries.  This
could potentially have a negative recovery implication for the
guaranteed unsecured notes currently rated 'B+/RR3' with a RR3
rating, and with current recovery prospects of 51% to 70%.

EnvisionRx is a national, full-service pharmacy benefit management
(PBM) company with projected 2015 calendar year revenues of
approximately $5 billion and projected 2015 calendar year EBITDA in
a range of $150 to $160 million.  Fitch expects EBITDA from this
business could potentially double over the next five years on
additional contract wins and growth in its specialty business (from
a low base currently).  The transaction is expected to be accretive
to Rite Aid's earnings in the first full year following the closing
of the transaction which is expected to close by September, 2015,
subject to regulatory approvals and other customary closing
conditions.

Fitch expects Rite Aid's EBITDA before the contribution from
EnvisionRx to be sustainable at $1.3 billion over the intermediate
term, enabling the company to dedicate increased capex toward store
remodels and some store relocation activity, and to devote FCF to
debt reduction.  While Fitch expects gross margin to decline in the
20 bps- 30 bps range annually, due to ongoing pharmacy
reimbursement rate cuts that will 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% - 2.0% and some pharmacy inflation.

Rite Aid's operating metrics still significantly lag its larger
peers, with average weekly prescriptions per store of 1,260 and
retail EBITDA margin of 5.1%, versus 6.7% for Walgreen Co. and
11.8% for CVS Caremark's (CVS) retail business, pre corporate
costs.  However, its loyalty card program and remodeling activity
have helped stabilize prescription volume and have resulted in
modest front-end growth.  In addition, the acquisition will now
provide some exposure to other distribution channels and Fitch
expects Rite Aid's market share to remain relatively stable over
the intermediate term.

Rite Aid has maintained liquidity in the $950 million -- $1.3
billion range for the past three years.  Fitch expects FCF, net of
capex of $525 million, to be approximately $350 million after
taking into account $70 million related to the acquisition of
Health Dialog and RediClinic in fiscal 2015.  Fitch expects FCF to
be in the $300 million range in fiscal 2016 and $200 million
thereafter.  Fitch expects the acquisition to be FCF neutral in the
first year (with project interest expense of $130 million and capex
of $20 million largely offsetting the $150 million to $160 million
projected 2015 EBITDA) but should be FCF positive thereafter in
line with EBITDA growth.  This should support further debt
reduction, barring significant incremental capex spend or
investments in the business, and bring back leverage from 6.2xpost
acquisition to under 6x over the next 24 months.

RATING SENSITIVITIES

Positive Rating Action: A positive rating action could result if
Rite Aid sustains positive comparable store sales and EBITDA in the
$1.5 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 leading to
negative FCF and leverage to over 7.0x.

Fitch currently rates Rite Aid as:

   -- Long term IDR 'B';
   -- Secured revolving credit facility 'BB/RR1';
   -- First and second lien senior secured notes 'BB/RR1';
   -- Guaranteed senior unsecured notes 'B+/RR3'.
   -- Non-guaranteed senior unsecured notes 'CCC+/RR6'

The Rating Outlook is Positive.



ROADRUNNER ENTERPRISES: Seeks Authority to Use Cash Collateral
--------------------------------------------------------------
Roadrunner Enterprises, Inc., seeks authority from the Bankruptcy
Court to use cash collateral securing its prepetition indebtedness
to pay general operating and administrative expenses during the
reorganization.

Towne Bank f/k/a Franklin Federal Savings Bank; Bank of McKenney;
Bank of Southside Virginia; EVB; Virginia Commonwealth Bank; and
Presidential Bank have interests in the collateral.

The Debtor proposes the following adequate protection:

   (a) Towne Bank: The Debtor proposes to grant to Towne Bank a
replacement lien in postpetition cash collateral and assets to the
same extent and priority as Towne Bank had prepetition.

   (b) Bank of McKenney: The Debtor proposes to grant to Bank of
McKenney a replacement lien in postpetition cash collateral and
assets to the same extent and priority as Bank of McKenney had
prepetition.

   (c) Bank of Southside Virginia: The Debtor proposes to grant to
EVB a replacement lien in postpetition cash collateral and assets
to the same extent and priority as EVB had prepetition.  The Debtor
says the Bank of Southside Virginia is over-secured.  The Debtor
proposes no additional adequate protection to Bank of Southside
Virginia is warranted.

   (d) EVB: The Debtor proposes to grant to EVB a replacement lien
in postpetition cash collateral and assets to the same extent and
priority as EVB had prepetition.

   (e) Virginia Commonwealth Bank: The Debtor proposes to grant to
Virginia Commonwealth Bank a replacement lien in postpetition cash
collateral and assets to the same extent and priority as Virginia
Commonwealth Bank had prepetition.

   (f) Presidential Bank: The Debtor proposes to grant to
Presidential Bank a replacement lien in postpetition cash
collateral and assets to the same extent and priority as
Presidential Bank had prepetition.

Headquartered in Chesterfield County, Virginia, Roadrunner
Enterprises Inc. owns the Roadrunner Campground and more than 70
rental properties, lots, and other real estate interests.
Roadrunner Enterprises filed for Chapter 11 bankruptcy protection
(Bank. E.D. Va. Case No. 15-30604) on Feb. 6, 2015.  David K.
Spiro, Esq., at Hirschler Fleischer, P.C., serves as the Debtor's
counsel.  Judge Kevin R. Huennekens presides over the case.  The
Debtor estimated assets and liabilities of at least $10 million.



SAGAROSE STAR: Case Summary & Largest Unsecured Creditor
--------------------------------------------------------
Debtor: Sagarose Star Partners, L.P.
        11747 Valley Boulevard
        El Monte, CA 91732

Case No.: 15-12198

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 13, 2015

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

Judge: Hon. Thomas B. Donovan

Debtor's Counsel: Rachel S. Milman, Esq.
                  Mark Goodfriend, Esq.
                  LAW OFFICES OF MARK E. GOODFRIEND
                  16055 Ventura Blvd Ste 800
                  Encino, CA 91436
                  Tel: 818-783-8866
                  Fax: 818-783-5445
                  Email: rachelsmilman@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Harry Wu, president of H.W. All Stars,
Inc., general partner.

The Debtor listed Krane & Smith as its largest unsecured creditor
holding an unknown amount of claim.

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

            http://bankrupt.com/misc/cacb15-12198.pdf


SEARS METHODIST: Tyler Gets Green Light for Asset Sale
------------------------------------------------------
Sears Tyler Methodist Retirement received approval from U.S.
Bankruptcy Judge Stacey Jernigan to sell almost all of its assets
to ER PropCo CO, LLC.

ER PropCo offered $20 million for the assets, which include a
senior housing and retirement facility known as Meadow Lake
Retirement Community located in Tyler, Texas.

The assets to be sold do not include cash and cash equivalents and
accounts receivable.  As of January 2014, Sears Tyler had
approximately $2.2 million in cash and cash equivalents and
$787,000 in accounts receivable, according to court filings.

The assets were supposed to be sold at an auction, with ER PropCo's
$20 million offer serving as the stalking horse bid.  The auction
was canceled after Sears Tyler didn't receive bids from other
potential buyers.

Sears Tyler previously received an objection from Smith County in
which it insisted that its tax claim be paid ahead of other claims.
The creditor is represented by Dallas-based law firm Linebarger
Goggan Blair & Sampson LLP.   

In December last year, Judge Jernigan also approved the sale of
assets of Sears Caprock Retirement Corp., another affiliate of
Sears Methodist Retirement System Inc.

Sears Caprock sold its assets, including a senior living facility
in Abilene, Texas, to Rio Mesa Health Holdings LLC for $6.6
million.  

                        About Sears Methodist

Sears Methodist Retirement System Inc. provides luxurious residency
to seniors.  The system includes: (i) eight senior living
communities located in Abilene, Amarillo, Lubbock, Odessa and
Tyler, Texas; (ii) three veterans homes located in El Paso, McAllen
and Big Spring, Texas, managed by Senior Dimensions, Inc., pursuant
to contracts between SDI and the Veterans Land Board of Texas; and
(iii) Texas Senior Management, Inc. ("TSM"), Senior Living
Assurance, Inc. ("SLA") and Southwest Assurance Company, Ltd.
("SWAC"), which provide, as applicable, management and insurance
services to the System.  Sears Methodist Senior Housing, LLC, is
the general partner of, and controls .01% of the interests in,
Canyons Senior Living, L.P. ("CSL").

Sears Methodist and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 14-32821)
on June 10, 2014.  The cases are assigned to Judge Stacey G.
Jernigan.

The Debtors' counsel is Vincent P. Slusher, Esq., and Andrew
Zollinger, Esq., at DLA Piper LLP (US), in Dallas, Texas; and
Thomas R. Califano, Esq., Gabriella L. Zborovsky, Esq., and Jacob
S. Frumkin, Esq., at DLA Piper LLP (US), in New York.  The Debtors'
financial advisor is Alvarez & Marsal Healthcare Industry Group,
LLC, while the Debtors' investment banker is Cain Brothers &
Company, LLC.  The Debtors' notice, claims and solicitation agent
is GCG Inc.

The Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The Official Committee of Unsecured Creditors is represented by
Clifton R. Jessup, Jr., Esq., and Bryan L. Elwood, Esq., at
Greenberg Traurig, LLP, in Dallas, Texas.



SEQUENOM INC: Camber Capital Reports 7.4% Stake as of Dec. 31
-------------------------------------------------------------
Camber Capital Management LLC and Stephen DuBois disclosed in an
amended Schedule 13G filed with the U.S. Securities and Exchange
Commission that as of Dec. 31, 2014, they beneficially owned
8,750,000 shares of common stock of Sequenom, Inc., representing
7.46 percent of the shares outstanding.  A full-text copy of the
regulatory filing is available at http://is.gd/cgjLZE

                           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.

As of Sept. 30, 2014, the Company had $135 million in total
assets, $186 million in total liabilities, and a $51.9 million
total stockholders' deficit.


SHOTWELL LANDFILL: OK'd to Make $2,250 Adequate Protection Payment
------------------------------------------------------------------
U.S. Bankruptcy Judge Stephani W. Humrickhouse authorized Shotwell
Landfill, Inc., et al., to make monthly adequate protection
payments of $2,250 to LSCG Fund 18, LLC.

Payments will start on Dec. 1, 2014, and will continue until the
earlier to occur of confirmation of the Debtors' Amended Chapter 11
Plan or the date on which the Court declines to confirm the Plan.

As reported in the TCR on Dec. 4, 2014, LSCG claims that the
Debtors and related entities executed several promissory notes to
Branch Banking and Trust Company.  On Aug. 19, 2013, BB&T and LSCG
entered into a Note Purchase and Sale Agreement whereby LSCG
purchased the above-described promissory notes from BB&T.  The Loan
Sale closed on Aug. 19, 2013.

Pursuant to a Settlement Term Sheet, the parties agreed to adequate
protection payments to LSCG, to be applied to interest on its
allowed secured claim, in the amount of $2,250 per day commencing
Nov. 11, 2014, and continuing through the earlier to occur of
confirmation of the Plan or the date on which the Bankruptcy Court
declines to confirm the Plan.  The Debtors propose to make such
payment monthly, with the first such payment to be made on Dec. 1,
2014.

                      About Shotwell Landfill

Raleigh, North Carolina-based Shotwell Landfill, Inc., and its
affiliates filed Chapter 11 bankruptcy petitions (Bankr. E.D.N.C.
Lead Case No. 13-02590) in Wilson on April 19, 2013.

Blake P. Barnard, Esq., William P. Janvier, Esq., and Samantha Y.
Moore, Esq., at the Janvier Law Firm, PLLC, in Raleigh, N.C.,
serve as the Debtors' counsel.  William W. Pollock, Esq., at
Ragsdale Liggett PLLC, in Raleigh, N.C., is the special counsel.

Shotwell Landfill appointed Doug Gurkins as restructuring officer.

Shotwell, in its amended schedules, disclosed $23.2 million in
assets and $10.05 million in liabilities.

                           *     *     *

Judge Stephani W. Humrickhouse has terminated the exclusivity
period within which the affiliate debtors of Shotwell Landfill
Inc., may file a chapter 11 plan and disclosure statement.  On
August 25, 2014, secured creditor LSCG Fund 18, LLC, filed with
the Bankruptcy Court a Second Amended Consolidated Chapter 11 Plan
of Liquidation for Shotwell Landfill et al.  The Plan states that
the Debtors' creditors are best served if the landfill located at
4724 Smithfield Road, Wendell, North Carolina 27591, and all of
the Debtors' property are managed, marketed, and liquidated.
Within six months of the confirmation date (or at a later time as
a liquidation trustee will determine only after consultation and
approval by LSCG and the Unsecured Creditors' Committee), the
Liquidation Trustee will conduct an auction of the property,
including the Landfill.



ST JOSEPH'S COLLEGE: Moody's Cuts Series 2010 Bond Ratings to Ba1
-----------------------------------------------------------------
Moody's Investors Service downgraded St. Joseph's College's issuer
and Series 2010 (issued by the Dormitory Authority of the State of
New York) bond ratings to Ba1 from Baa3.  The outlook is negative.


The downgrade is driven by a material decline in enrollment in fall
2014 and continuation of weak operating performance.

The Ba1 rating is supported by the college's mid-size operating
scale ($81 million revenue in FY 2014 and 4,260 full-time
equivalent students), low financial leverage, and still adequate
liquidity.  These strengths are offset by a high dependence on
student charges with a fourth consecutive year of declining
enrollment, four years of operating deficits and weak debt service
coverage, and limited philanthropic support.  New senior management
is taking steps to address the college's challenges, but results
will take at least one to two years to materialize if successful.

The negative outlook reflects downward rating pressure if the
college is not able to stabilize enrollment, adjust fiscal 2015
operations in line with enrollment declines, and maintain current
liquidity.

What could make the ratings go up:

   -- stabilization of enrollment combined with a material and
      sustained improvement in operating performance

   -- significant growth of liquid reserves

What could make the ratings go down:

   -- FY 2015 results materially weaker than FY 2014 results

   -- inability to stabilize enrollment and net tuition revenue
      by fall 2016

   -- further draws on liquidity

St. Joseph's College is a mid-sized, private not-for-profit college
with campuses in Brooklyn and Long Island.  The college is known
for its program in teacher's education and attracts approximately
4,260 full-time equivalent students and generates $80.7 million of
operating revenue.

Bond repayment is a general obligation of the college with a
security interest in tuition and fees equal to maximum annual debt
service, a cash funded debt service reserve fund equal to maximum
annual debt service, and a mortgage on the projects.

The principal methodology used in this rating was U.S.
Not-for-Profit Private and Public Higher Education published in
August 2011.


STARR PASS: April 13 Hearing on Approval of Plan Outline
--------------------------------------------------------
U.S. Bankruptcy Judge Paul Sala will convene a hearing on
April 13, 2015, at 10:00 a.m., to consider adequacy of information
in the Disclosure Statement explaining Starr Pass Residential,
LLC's Plan of Reorganization dated Dec. 9, 2014.

According to minutes of hearing held Feb. 3, 2015, the trial/
evidentiary hearing on motion for turnover/receiver's motion for
relief is set for April 13, 10:00 a.m.

As reported in the Troubled Company Reporter on Feb. 2, 2015,
secured Creditor Pima County objected to confirmation of the Debtor
Starr's Plan, on these grounds:

   -- The Debtor's Plan does provide for payment of Pima County's
non-dischargeable, secured claims (i.e., the outstanding tax
liabilities).  The Plan, however, fails to account for the
statutory 16% interest for any potential delinquent taxes.

   -- The Debtor's Plan has incorrectly listed all secured property
tax creditors as unimpaired creditors.

Pima County suggested these amendments to the Plan:

   1. The language of the Plan be amended to ensure receipt of full
payment of Parcel A's outstanding real property tax debts within a
period no later than 60 months from the date of the order of
relief, regardless of when the Effective Date might become; and

   2. The Plan must include Pima County's status as an impaired
creditor having the ability to vote for acceptance or rejection of
the Plan.

Pima County is a secured creditor with timely filed claim (No. 4)
for 2014 real property taxes on parcel no. 116-27-1600 (3555 West
Starr Pass Boulevard, Tucson, Arizona -- Parcel A, and parcel no.
116-27-7840 (Coyote Pass Amended Block B Reclaimed Water Reservoir
in Pima County, Arizona -- Parcel B).

                             The Plan

According to the Disclosure Statement, the Plan provides for full
payment to all holders of Allowed Claims either on the Effective
Date of the Plan, or shortly thereafter, or as creditors may
otherwise agree.  The source of payment are from or among the
following: (1) third-party funding; (2) compensation for the use of
the pond by receiver or lender; (3) exit financing if necessary;
and (4) monetary recovery from damages for claims currently pending
in the State Court Action.

A copy of the Disclosure Statement is available for free at:

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

                   About Starr Pass Residential

Starr Pass Residential LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 14-09117) on June 12, 2014.  Christopher
Ansley signed the petition as authorized officer.  Gust Rosenfeld,
P.L.C., serves as the Debtor's counsel.  The Debtor disclosed
total assets of $7.40 million and liabilities of $146 million.

The bankruptcy case was reassigned to Judge Eileen W. Hollowell
because Judge Brenda Moody Whinery recused herself from hearing
any matter on the Chapter 11 proceeding.

                            *    *    *

The U.S. Trustee for Region 14 informed the Bankruptcy Court that
it was unable to appoint creditors form the Official Committee of
Unsecured Creditors for the Chapter 11 case of Starr Pass
Residential LLC because an insufficient number of persons holding
unsecured claims against the Debtor have expressed interest in
serving on a committee.



STEREOTAXIS INC: DAFNA Capital Reports 6% Stake as of Dec. 31
-------------------------------------------------------------
DAFNA Capital Management, LLC, Nathan Fischel and Fariba Ghodsian
disclosed in an amended Schedule 13G filed with the U.S. Securities
and Exchange Commission that as of Dec. 31, 2014, they beneficially
owned 1,374,975 shares of common stock of Stereotaxis Inc.,
representing 6.72 percent of the shares outstanding.  A copy of the
regulatory filing is available at http://is.gd/9m0gkV

                         About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $68.7 million in 2013,
following a net loss of $9.23 million in 2012.

The Company's balance sheet at Sept. 30, 2014, the Company had
$26.2 million in total assets, $40 million in total
liabilities and a $13.8 million total stockholders' deficit.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has incurred recurring operating losses and has a
net capital deficiency.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


STERIGENICS HOLDINGS: NRU Reactor Extn. No Impact on Moody's B2 CFR
-------------------------------------------------------------------
Moody's Investors Service commented that recently announced support
from the Canadian government for extending National Research
Universal (NRU) reactor's operations to March 31, 2018 (from Oct.
31, 2016), is a positive development for contract sterilization
service provider STHI Holdings, the parent company of Sterigenics
Holdings, Inc. (collectively, "Sterigenics").  Sterigenics' B2
Corporate Family Rating and negative outlook are not immediately
affected by the development.

Sterigenics, headquartered in Oak Brook, IL, is a provider of
contract sterilization and ionization services for medical devices,
food safety, and advanced materials applications.  STHI acquired
Nordion, Inc. in 2014 for approximately $826 million.
Headquartered in Ottawa, Nordion is a leading supplier of
radioactive isotope products and services used for the prevention,
diagnosis and treatment of disease.  On a combined basis, pro forma
revenues totaled $552 million in 2013.


TECHNIPLAS LLC: S&P Affirms 'B' CCR then Withdraws Rating
---------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating on Nashotah, Wis.-based plastics components
manufacturer Techniplas LLC.  S&P subsequently withdrew the
corporate credit rating at the company's request.

At the same time, S&P withdrew the 'B' issue-level rating.

The rating withdrawals are a result of Techniplas not pursuing the
proposed $160 million notes offering, which S&P rated on Jan. 16,
2015.



TEXOMA PEANUT: Court Enters Amended Sale Order
----------------------------------------------
The U.S. Bankruptcy Court entered an amended order authorizing
Texoma Peanut Company, et al., to sell substantially all of their
assets.  The Court overruled objections.

An auction held on Dec. 15 for Texoma Peanut Co.'s assets resulted
to several buyers getting assets in 18 lots for a total of $13.3
million.

The amended order provides for additional provisions, among other
things, subject to prior written consent of the lender, the Debtors
are authorized to (i) exercise any options to purchase real
property that constitute the assets in Lots 1 and 2 so that the
assets subject to the options to purchase may be conveyed first to
the Debtors and then to the applicable successful bidders.  A copy
of the amended order is available for free at:

  http://bankrupt.com/misc/TexomaPeanut_293_amendedSaleorder.pdf

                         About Texoma Peanut

Texoma Peanut Company was incorporated by Clint Williams in 1961
as a Southern Oklahoma bulk peanut drying, handling and storage
operation, buying and storing peanuts for shellers.  In 1968, The
Clint Williams Company was established as a sheller and processor
of peanuts for both seed and edible markets.  Although The Clint
Williams Company was later merged into TPC, the company continues
to do its processed peanut business under the "Clint Williams
Company" name which is the name known best in the domestic and
international peanut industry.  TPC and its subsidiaries own 15
buying points and storage facilities -- 4 in Oklahoma, 9 in Texas,
and 2 in Mississippi.  TPC owns 99% of Clint Williams Company-
Western Division LLC and 100% of Clint-Co Peanut Company.

TPC and two subsidiaries sought Chapter 11 bankruptcy protection
(Bankr. E.D. Okla. Lead Case No. 14-81334) in Okmulgee, Oklahoma,
on Nov. 6, 2014.  The cases are assigned to Judge Tom R. Cornish.
The judge has granted joint administration of the Chapter 11
cases.

According to the docket, the Debtors' Chapter 11 plan and
disclosure statement are due March 6, 2015.  Creditors who are
governmental entities have until May 9, 2015, to file claims.

The Debtors have tapped Crowe & Dunlevy as counsel and Dixon
Hughes Goodman as bankruptcy accountants.

The Debtors say they have $49 million in assets.  Secured debt
includes $3.45 million owed to Wells Fargo Bank, N.A., and $2.33
million owed to Wells Fargo Equipment Finance.   Wells Fargo Bank
is represented by William L. Wallander, Esq., at VINSON & ELKINS
LLP, in Dallas, Texas.

As of the Petition Date, an official committee of unsecured
creditors has not yet been appointed in the Cases.

The Debtors sought bankruptcy for protection with plans to sell
all of their core business assets and, thereafter, file a joint
plan of reorganization.  The Debtors expect that by Nov. 24, 2014,
they will have obtained a court order approving the bid procedures
and scheduling an auction date and final sale hearing.  The
Debtors intend to consummate the sale on or prior to Dec. 31,
2014.

The U.S. Trustee overseeing Texoma Peanut Co.'s bankruptcy case
said that it wasn't able to appoint a committee of unsecured
creditors.



TRANS-LUX CORP: Bard Associates Reports 6.1% Stake at Dec. 31
-------------------------------------------------------------
Bard Associates, Inc., revealed in a Schedule 13G filed with the
U.S. Securities and Exchange Commission that as of Dec. 31, 2014,
it beneficially owned 104,480 shares of common stock of Trans-Lux
Corporation representing 6.1 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available at
http://is.gd/pc41nu

                    About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.

Trans-Lux reported a net loss of $1.86 million on $20.9 million of
total revenues for the year ended Dec. 31, 2013, as compared with
a net loss of $1.36 million on $23 million of total revenues in
2012.

As of Sept. 30, 2014, the Company had $17.1 million in total
assets, $15.4 million in total liabilities and $1.73 million in
total stockholders' equity.

BDO USA, LLP, in Melville, NY, 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 and has
a significant working capital deficiency that raise substantial
doubt about its ability to continue as a going concern.  Further,
the Company is in default of the indenture agreements governing
its outstanding 9 1/2 Subordinated debentures which was due in
2012 and its 8 1/4 percent Limited convertible senior subordinated
notes which was due in 2012 so that the trustees or holders of 25
percent of the outstanding Debentures and Notes have the right to
demand payment immediately.  Additionally, the Company has a
significant amount due to their pension plan over the next 12
months.


TRANSGENOMIC INC: FMR LLC Reports 3% Stake as of Dec. 31
--------------------------------------------------------
FMR LLC, Edward C. Johnson 3d and Abigail P. Johnson disclosed in
an amended Schedule 13G filed with the U.S. Securities and Exchange
Commission that as of Dec. 31, 2014, they beneficially owned
250,000 shares of common stock of Transgenomic Inc. representing
3.092 percent of the shares outstanding.

Edward C. Johnson 3d is a director and the chairman of FMR
LLC and Abigail P. Johnson is a director, the vice chairman, the
chief executive officer and the president of FMR LLC.

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

                       http://is.gd/TutMy4

                        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.


TRANSGENOMIC INC: Kevin Douglas Reports 12.9% Stake as of Dec. 31
-----------------------------------------------------------------
Kevin Douglas disclosed in an amended Schedule 13G filed with the
U.S. Securities and Exchange Commission that as of Dec. 31, 2014,
he beneficially owned 1,046,860 shares of common stock of
Transgenomic Inc. representing 12.9 percent of the shares
outstanding.  A complete copy of the regulatory filing is available
for free at http://is.gd/wDcZlZ

                         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.


TRIGEANT HOLDINGS: Taps Navigant as Data Consultants
----------------------------------------------------
Trigeant Holdings, Ltd., Trigeant, LLC and Trigeant, Ltd., seek
approval from the Bankruptcy Court to employ Navigant Consulting,
Inc., as data consultants, nunc pro tunc to Dec. 31, 2014.

The Debtors relate that two laptop computers and perhaps, other
property of the estates were stolen from their business premises in
Boca Raton, Florida, on Dec. 28, 2014.

Accordingly, the Debtors desire to retain Navigant to provide data
consulting, security and investigative services, as necessitated by
the Dec. 28 incident.  The retention of Navigant will be
effectuated through the Debtors' general counsel, Greenberg
Traurig.  The Debtors believe that the retention of Navigant is in
the best interest of their estates.

The Debtors believe that Navigant is disinterested as defined under
the Bankruptcy Code.

Navigant has provided an estimate of fees in the range of $15,000
to $30,000, plus expenses, for Phase One of its engagement, which
will include an analysis of log files into the window of intrusion
to determine if the Debtors' systems were accessed.  In the event
that systems were accessed, Phase Two of the engagement would
include an analysis into the events identified in the course of
Phase One.

Navigant's hourly rates are:

       Professional                               Rate Per Hour
       ------------                               -------------
    Managing Directors and Directors               $475 to $650
    Associate Directors and Managing Consultants   $375 to $450
    Senior Consultants, Consultants & Analysts     $225 to $350

Navigant has requested the payment of a postpetition retainer of
$25,000.

Bill Hardin, managing director, attests that Navigant is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached at:

         NAVIGANT CONSULTING, INC.
         Bill Hardin
         Managing Director
         30 South Wacker Drive, Suite 3100
         Chicago, IL 60606

                     About Trigeant Holdings

Trigeant, owner of a Corpus Christi, Texas oil refinery, provides
fuel and asphalt products to the housing and transportation
industries.  The company is owned by Palm Beach, Florida
billionaire Harry Sargeant III and members of his family.

On Nov. 26, 2014, Trigeant filed its first bankruptcy In re
Trigeant Ltd., 13-38580.  The case was dismissed on April 1, 2014.

Trigeant Holdings, Ltd., and Trigeant, LLC, filed Chapter 11
bankruptcy petitions (Bankr. S.D. Fla. Case Nos. 14-29027 and
14-29030, respectively) on Aug. 25, 2014, amid a dispute among
members of the Sargeant family.  Mr. Sargeant's two brothers,
Daniel and James, and his father, Harry Sargeant II, sent Trigeant
to bankruptcy to fend off Mr. Sargeant III's bid to seize control
of the company's primary asset.  The family says Mr. Sargeant III,
who has a $22 million lien against the plant through a company he
controls called BTB Refining LLC, is attempting to prevent the
refinery from operating in an effort to lower its value and obtain
ownership of it.

Trigeant Holdings estimated both assets and liabilities of
$50 million to $100 million.

Berger Singerman LLP serves as the Debtors' counsel.

The Bankruptcy Court set the general claims bar date as Oct. 17,
2014, and March 31, 2015, as the deadline by which governmental
entities must file proofs of claims.

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

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



TRUMP ENTERTAINMENT: Icahn to Lend Additional $13.5-Mil.
--------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that IEH Investments I LLC, an entity affiliated
with Carl Icahn, agreed to provide a loan to finance Trump
Entertainment Resorts Inc.'s emergence from bankruptcy.

According to the report, when Trump Entertainment is ready to
implement the proposed reorganization plan, Icahn will lend $13.5
million, together with enough to pay off the balance of a $20
million bankruptcy loan Icahn also made.  The new loan goes up for
approval at a March 4 hearing, the Bloomberg report said.

Bloomberg also reported that Mr. Icahn's ability to move ahead with
a plan to acquire Trump Entertainment may hinge on whether he
refused to turn over documents to the Official Committee of
Unsecured Creditors that the panel says it was entitled to see.
According to Bloomberg, the Committee objected to the
reorganization plan, which offered $1 million in cash plus the
right to file specified lawsuits, for a recovery of less 0.5
percent on unsecured claims that could total more than $232
million.  The committee said it put off filing papers to compel
document turnover in the hope there would be a global settlement on
a plan unsecured creditors could support, the report said.

                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, 2014.

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 $286 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.


ULTIMATE NUTRITION: UST Notes of Farmington Dispute
---------------------------------------------------
William K. Harrington, the U.S. Trustee for Region 2, objected to
the requests of Ultimate Nutrition, Inc., and ProStar, Inc., for
orders authorizing the employment of Pullman & Comley LLC as
counsel for the Debtors; and Marcum LLP as financial advisors and
accountants to the Debtors.

The U.S. Trustee said that the objection is based on potential
adverse interests to the bankruptcy estates pending the resolution
of the dispute with Farmington Bank.

On Jan. 14, 2015, Farmington Bank objected to the Debtors'
retention of P&C and Marcum.

According to Farmington Bank, a total of $65,000 was paid to P&C
and Marcum, collectively, through an account held at Farmington
Bank, and which caused an overdraft on the Farmington Bank account
in the amount of $56,855.

In response to the objection, the Debtors assert that Farmington
Bank has a claim against TD Bank for the overdraft based on the
untimely return of checks.

                     About Ultimate Nutrition

Ultimate Nutrition, Inc., develops and distributes nutritional
supplements for body building, enhanced athletic performance and
fitness.  The products are sold worldwide in over 100 countries.
The business was founded in 1979 by the late Victor H. Rubino, one
of the top amateur power lifters in the United States at that
time.

The company has two facilities located in Farmington,
Connecticut, one product distribution center in New Britain,
Connecticut and a research and development center in West Palm
Beach, Florida.

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

On Dec. 19, 2014, the Court entered an order directing the joint
administration of the Debtors' cases for procedural purposes.

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

Ultimate Nutrition estimated $10 million to $50 million in assets
and debt.  

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

The U.S. Trustee for Region 2 appointed three creditors to serve on
the official committee of unsecured creditors.  The Committee has
selected Lowenstein Sandler, LLP, to serve as its counsel, and
Neubert, Pepe & Monteith, P.C. to serve as its local counsel.



UNI-PIXEL INC: G1 Execution Reports 2.5% Stake as of Dec. 31
------------------------------------------------------------
G1 Execution Services, LLC, et al., disclosed in an amended
Schedule 13G filed with the U.S. Securities and Exchange Commission
that as of Dec. 31, 2014, they beneficially owned
315,647 shares of common stock of Uni-Pixel Inc. representing 2.5
percent of the shares outstanding.  A copy of the regulatory filing
is available at http://is.gd/U5TGFe

                        About Uni-Pixel Inc.

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

Uni-Pixel reported a net loss of $15.2 million in 2013, a net
loss of $9.01 million in 2012 and a net loss of $8.56 million in
2011.

The Company's balance sheet at Sept. 30, 2014, showed $39.4
million in total assets, $5.25 million in total liabilities and
$34.18 million in total shareholders' equity.


UPPER VALLEY: Court Enters Final Decree Closing Chapter 11 Case
---------------------------------------------------------------
The U.S. Bankruptcy Court entered a final decree closing the
Chapter 11 case of Upper Valley Commercial Corporation effective as
of Dec. 30, 2014.

The Debtor in its application stated that its plan of
reorganization, confirmed on May 30, 2014, has been substantially
consummated.

As reported in the TCR on June 12, 2014, all classes of creditors
voted in favor of the Plan.  The terms of the Plan require the
Debtor to amend its corporate charter to reflect that its sole
purpose of continued business operations is collecting accounts
receivable and distributing the proceeds in accordance with the
Plan.  The Chapter 11 case will be deemed closed upon entry of the
Court's final decree.

The Debtor is represented by:

         Peter N. Tamposi, Esq.
         THE TAMPOSI LAW GROUP, P.C.
         159 Main Street
         Nashua, NH 03060
         Tel: (603) 204-5513

           About Upper Valley Commercial Corporation

Upper Valley Commercial Corporation, which runs a lending business
in the Upper Connecticut Valley of New Hampshire, filed a Chapter
11 petition (Bankr. D.N.H. Case No. 13-13110) in Manchester, New
Hampshire, on Dec. 31, 2013.

Upper Valley Commercial Corporation said it is liquidating its
assets after discovering that some of its investment and lending
activities lacked proper licensing by the State of New Hampshire.
The Debtor will file a liquidating plan as part of an agreement
with the New Hampshire Banking Department.

The Debtor disclosed $12.8 million in assets and $11.6 million in
liabilities as of the Chapter 11 filing.

The Debtor is represented by attorneys at The Tamposi Law Group,
led by Peter N. Tamposi, Esq., in Nashua, New Hampshire.

William K. Harrington, the U.S. Trustee appointed three members to
the official committee of unsecured creditors.  Bernstein, Shur,
Sawyer & Nelson, P.A., serves as its counsel.



US CAPITAL: Fashion Mall to Be Auctioned in March
-------------------------------------------------
Miriam Valverde at Sun Sentinel reports that the Hon. John K. Olson
of the U.S. Bankruptcy Court Southern District of Florida has
approved the auction of the Fashion Mall in Plantation, Florida, in
March 2015.

Sun Sentinel says that the property is more than 30 acres and has
become an eyesore in Plantation since the mall closed in 2007.

As reported by the Troubled Company Reporter on Jan. 30, 2015,
Brian Bandell at South Florida Business Journal reported that Ram
Realty Acquisitions, which would be the stalking horse bidder with
a $24 million bid, already placed a 10% deposit.  According to the
report, CBRE has been hired to market the property.

                    About US Capital Holdings

US Capital/Fashion Mall is the owner of the former "Fashion Mall
at Plantation", now vacant, located at 321 N. University Drive, in
Plantation, Florida.  US Capital Holdings is the 100% owner of US
Capital/Fashion Mall.  The mall -- http://www.321north.com/-- is   


presently dormant, in part, as a result of a redevelopment plan
for the mall of a project called 321 North, which is intended to
be a major, retail, office and residential project.  The mall
suffered extensive hurricane damage from Hurricane Wilma.

US Capital Holdings, LLC, and an affiliate, US Capital/Fashion
Mall, LLC, filed Chapter 11 petitions (Bankr. S.D. Fla. Case Nos.
12-14517 and 12-14519) in Forth Lauderdale, Florida, on Feb. 24,
2012.  The Debtor listed assets of $11,496 and liabilities of
$22,777,428.  Judge John K. Olson presides over the case.  

On Oct. 14, 2014, US Capital/Fashion Mall, LLC, filed for Chapter
7
liquidation (Bankr. S.D. Fla. Case No. 14-32819).  Judge John K.
Olson presides over the case.  

The Debtor is represented by:

      Thomas M. Messana, Esq.
      Messana P.A.
      Las Olas City Centre, Suite 1400
      401 East Las Olas Boulevard
      Fort Lauderdale, FL 33301
      Tel: (954)712-7415
      E-mail: tmessana@messana-law.com

As reported by the the Troubled Company Reporter on Oct. 16, 2014,
Brian Bandell, Senior Reporter at the South Florida Business
Journal, said US Capital listed both its assets and debts between
$10 million and $50 million each.  Business Journal added that
parent company Mapuche LLC also filed for Chapter 7 in the same
month.  Business Journal stated that Wei Chen -- the manager of
Mapuche LLC, the entity that controls the Debtor -- signed the
Chapter 7 liquidation petition on behalf of Mapuche, the Debtor
and U.S. Capital/Fashion Mall.


UTSTARCOM HOLDINGS: DASAN Reports 5.1% of Shares as of Dec. 31
--------------------------------------------------------------
DASAN Networks, Inc., disclosed in a regulatory filing with the
U.S. Securities and Exchange Commission that as of Dec. 31, 2014,
it beneficially owned 2,021,700 ordinary shares, $0.00375 par
value, of UTStarcom Holdings Corp. representing 5.1 percent of the
shares outstanding.  A copy of the regulatory filing is available
at http://is.gd/LARp2y

                        About UTStarcom, Inc.

UTStarcom, Inc. (Nasdaq: UTSI) -- http://www.utstar.com/-- is a
global leader in IP-based, end-to-end networking solutions and
international service and support.  The Company sells its
solutions to operators in both emerging and established
telecommunications markets around the world.  UTStarcom enables
its customers to rapidly deploy revenue-generating access services
using their existing infrastructure, while providing a migration
path to cost-efficient, end-to-end IP networks.  The Company's
headquarters are currently in Alameda, California, with its
research and design operations primarily in China.

UTStarcom Holdings incurred a net loss of $22.7 million in 2013 and
a net loss of $35.6 million in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $304 million
in total assets, $173 million in total liabilities and $130 million
in total equity.

"We have a history of operating losses and may not have sufficient
liquidity to execute our business plan or to continue our
operations without obtaining additional funding or selling
additional securities.  We may not be able to obtain additional
funding under commercially reasonable terms or issue additional
securities," the Company said in the Annual Report for the year
ended Dec. 31, 2013.


VARIANT HOLDING: Seeks Aug. 25 Extension of Plan Filing Period
--------------------------------------------------------------
Variant Holding Company, LLC, filed a second motion seeking an
extension of the exclusive period to propose a Chapter 11 plan
through and including Aug. 25, 2015, and solicit acceptances of
that plan through and including Oct. 26, 2015.

Richard M. Pachulski, Esq., at Pachulski Stang Ziehl & Jones LLP,
in Wilmington, Delaware, tells the Court that the Debtor requires
additional time to propose a plan because any plan in the Debtor's
case will be based on value to be derived from the Debtor's
subsidiary assets.  The Debtor is still currently in the process of
marketing those assets for sale, Mr. Pachulski says.  Once value is
realized from the Debtor's subsidiaries, the Debtor will be in a
position to propose a plan, the Debtor's counsel adds.

A hearing on the extension motion is scheduled for March 17, 2015,
at 10:00 a.m. (ET).  Objections are due Feb. 25.

                      About Variant Holding

Variant Holding Company, LLC, and its affiliates are a commercial
real estate company with indirect ownership in 27 apartment
complexes and other real property interests in Arizona, Georgia,
Maryland, Nevada, South Carolina, Texas and Virginia.

Variant Holding commenced bankruptcy proceedings under Chapter 11
of the U.S. Bankruptcy Code in Delaware (Case No. 14-12021) on Aug.
28, 2014.

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

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



VECTOR ARMS: Utah Gun Maker Files for Bankruptcy
------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that Utah
gun manufacturer Vector Arms Corp., has filed for bankruptcy as it
faces big legal bills in its dispute with convicted felon Ralph
Merrill over whether Mr. Merrill sold the company's gun-making
equipment and inventory to current owner and president Jason Maughn
in 2011.

According to the Journal, the lawsuit has made it tough for the gun
manufacturer to survive as a court order in the lawsuit has prevent
Mr. Maughn from moving any of the company's equipment of out its
9,000-square foot manufacturing space, which is twice the amount of
space it needs.  By putting Vector Arms into Chapter 11 protection,
Mr. Maughn said he plans to get the firm out of its real estate
lease and figure out how to pay about $165,000 in debt owed to
suppliers, the Journal said.


VELATEL GLOBAL: IGP No Longer a 5% Owner as of Jan. 22
------------------------------------------------------
As of Jan. 22, 2015, Ironridge Global Partners, LLC, John C.
Kirkland, Brendan T. O'Neil, Richard H. Kreger and Keith R.
Coulston have ceased to be the beneficial owners of more than five
percent of the outstanding shares of common stock of Velatel Global
Communications Inc.  Ironridge Global IV, Ltd., continues to be the
beneficial owner of more than five percent of the outstanding
common shares of the Issuer.

IGP sold all of its shares of Ironridge Global IV, Ltd., to
Dragonox Investments, Ltd.  As a result, IV is no longer a
subsidiary of IGP.

A full-text copy of the Schedule 13G as filed with the U.S.
Securities and Exchange Commission is available at:

                        http://is.gd/UuAQqA

                        About VelaTel Global

VelaTel acquires spectrum assets through acquisition or joint
venture relationships, and provides capital, engineering,
architectural and construction services related to the build-out
of wireless broadband telecommunications networks, which it then
operates by offering services attractive to residential,
enterprise and government subscribers.  VelaTel currently focuses
on emerging markets where internet penetration rate is low
relative to the capacity of incumbent operators to provide
comparable cutting edge services, or where the entry cost to
acquire spectrum is low relative to projected subscribers.
VelaTel currently has project operations in People's Republic of
China, Croatia, Montenegro and Peru.  Additional target markets
include countries in Latin America, the Caribbean, Southeast Asia
and Eastern Europe.  VelaTel's administrative headquarters are in
Carlsbad, California.  See http://www.velatel.com/

Velatel Global reported a net loss attributable to the Company of
$18.04 million on $1.92 million of revenue for the year ended
Dec. 31, 2013, as compared with a net loss attributable to the
Company of $43.2 million on $0 of revenue in 2012.

The Company's balance sheet at Dec. 31, 2013, showed $4.56 million
in total assets, $53.2 million in total liabilities and a
$48.6 million total deficiency.

Kabani & Company, Inc., in Los Angeles, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has incurred a net loss of
$17.9 million for the year ended Dec. 31, 2013, cumulative losses
of $325 million as of Dec. 31, 2013, a negative working capital of
$49.7 million, and a stockholders' deficiency of $48.6 million.
These factors raise substantial doubt as to the Company's ability
to continue as a going concern.



VISUALANT, INC: Reports $3.16-Mil. Net Loss in Dec. 31 Quarter
--------------------------------------------------------------
Visualant, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $3.16 million on $1.84 million of revenue for the three months
ended Dec. 31, 2014, compared with a net loss of $846,000 on $1.88
million of revenue for the same period in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $3.22 million
in total assets, $9.47 million in total liabilities, and a
stockholders' deficit of $6.24 million.

The Company incurred net losses of $1.02 million and $6.6 million
for the years ended Sept. 30, 2014 and 2013, respectively.  The
Company's net cash used in operating activities was $340,771 and
$1.38 million for the three months ended Dec. 31, 2014 and the year
ended Sept. 30, 2014, respectively.  The Company anticipates that
it will record losses from operations for the foreseeable future.
As of Dec. 31, 2014, its accumulated deficit was $24.7 million.
The Company has limited capital resources, and operations to date
have been funded with the proceeds from private equity and debt
financings and loans from Ronald P. Erickson, its Chief Executive
Officer.  These conditions raise substantial doubt about its
ability to continue as a going concern.

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

                       http://is.gd/SYSAme

                       About Visualant Inc.

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

Visualant reported a net loss of $1 million on $7.98 million of
revenue for the year ended Sept. 30, 2014, compared to a net loss
of $6.60 million on $8.57 million of revenue for the year ended
Sept. 30, 2013.  As of Sept. 30, 2014, Visualant had $3.22 million
in total assets, $6.62 million in total liabilities, all current,
and a $3.40 million total stockholders' deficit.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements for

the year ended Sept. 30, 2014.  The independent auditors noted that
the Company has sustained a net loss from operations and has an
accumulated deficit since inception.  These factors, according to
the auditors, raise substantial doubt about the Company's ability
to continue as a going concern.



VUZIX CORP: LC Capital No Longer Owns Shares as of Dec. 31
----------------------------------------------------------
LC Capital Master Fund, Ltd., Lampe, Conway & Co., LLC, Steven G.
Lampe and Richard F. Conway disclosed in an amended Schedule 13G
filed with the U.S. Securities and Exchange Commission that as of
Dec. 31, 2014, they have ceased to beneficially own shares of
common stock of Vuzix Corporation.  A copy of the regulatory filing
is available at http://is.gd/P6LBPE

                       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
$10.1 million in 2013 and $4.75 million in 2012, and has an
accumulated deficit of $36.3 million 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.


WALKER LAND: Files Modifications to Second Amended Plan
-------------------------------------------------------
Walker Land & Cattle, LLC, has made certain modifications to its
Second Amended Plan of Reorganization dated Jan. 14, 2015.

The Debtor proposes a plan that promises to repay all creditors in
full, with interest, over the term of the Plan.  The Debtor said it
has agreements to sell $10 million in real property upon
confirmation of the Plan and pay during the first 12 months.  The
Debtor will pay creditors through improved farm operations boosting
profitability, while reserving the right to obtain take out
financing and prepay unsecured creditors in the future.

A copy of the modifications is available for free at:

                       http://is.gd/VyRjAI

                    About Walker Land & Cattle

Walker Land & Cattle, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Idaho Case No. 13-41437) on
Nov. 15, 2013.  The case is assigned to Judge Jim D. Pappas.

The petition was signed by Roland N. (Rollie) Walker, manager.

The Debtor's counsel is Robert J Maynes, Esq., at Maynes Taggart,
PLLC, in Idaho Falls, Idaho.

The Debtor reported $72.7 million in total assets and
$46.3 million in liabilities.

The U.S. Trustee for Region 18 has appointed an official committee
of unsecured creditors in the case.  The Committee is represented
by Bruce K. Medeiros, Esq., and Barry W. Davidson, Esq., at
Davidson Backman Medeiros PLLC, in Spokane, Washington.

Secured creditor, Wells Fargo Bank, is represented by Larry E.
Prince, Esq., and Kirk S. Cheney, Esq., at Holland & Hart LLP, in
Boise, Idaho.

Wells Fargo and the Debtor have filed competing Chapter 11 plans.
Wells Fargo is proposing a plan of liquidation while the Debtor is
seeking approval of a reorganization plan.



WAYNE CHARTER: S&P Lowers Rating on GO Bonds to 'BB+'
-----------------------------------------------------
Standard & Poor's Ratings Services lowered its rating on Wayne
Charter County, Mich.'s limited-tax general obligation (GO) bonds
to 'BB+' from 'BBB-', issued by various entities.  The outlook is
negative.

"The lowered rating reflects a differentiation between the limited-
and unlimited-tax ratings as described in our criteria. Wayne
County's weakened financial position and ongoing budgetary
challenges indicate that a differentiation in credit quality is
appropriate," said Standard & Poor's credit analyst Jane Ridley.
"The negative outlook reflects the magnitude of closing the
county's structural budget gap and eliminating the accumulated
deficit in the near term, and that the time frame for making the
changes could be drawn out beyond the county's current
expectations," Ms. Ridley added.

Although the county has the benefit of anchoring a sizable
metropolitan statistical area in southeast Michigan, negative
demographic trends, and a weakening economy have been contributing
factors in the county's financial challenges.



XCCENT INC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Xccent, Inc.
        5240 257th Street
        Wyoming, MN 55092

Case No.: 15-30475

Chapter 11 Petition Date: February 13, 2015

Court: United States Bankruptcy Court
       District of Minnesota (St Paul)

Judge: Hon. Michael E Ridgway

Debtor's Counsel: Michael F McGrath, Esq.
                  RAVICH MEYER KIRKMAN & MCGRATH NAUMAN & TANSEY
P.A.
                  4545 IDS Center
                  80 South Eighth Street
                  Minneapolis, MN 55402
                  Tel: 612-332-8511
                  Email: mfmcgrath@ravichmeyer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by John P. Mathiesen, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mnb15-30475.pdf


XTREME POWER: Judge to Confirm Ch. 11 Liquidating Plan
------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that a bankruptcy judge in Austin, Texas, said he
would sign a confirmation order approving Xtreme Power Inc.'s
liquidating Chapter 11 plan.

As previously reported by The Troubled Company Reporter, a
bankruptcy judge in January approved the disclosure statement
explaining Xtreme Power's liquidating plan.  The Plan provides that
the assets of the Debtors' estates will fund the plan trust that
will in turn pay allowed administrative claims and then make
certain distributions in accordance with the terms of a mediated
settlement agreement.  The distributions will be based on the
allocation of sales proceeds from sales of the Debtors' assets and
litigation rights.  The Plan appoints Angelo A. DeCaro, Jr., to
serve as plan trustee for the plan trust.

                       About Xtreme Power

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

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

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

Debtor Power Inc. scheduled $7.00 million in total assets and
$65.7 million in total liabilities.  Debtor Power Grove scheduled
$5.18 million in total assets and $31.9 million in total
liabilities.  Power Systems scheduled $4.30 million in total assets
and $87.7 million in total liabilities.

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

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



YRC WORLDWIDE: Solus Alternative No Longer a Shareholder
--------------------------------------------------------
Solus Alternative Asset Management LP, Solus GP LLC, and
Christopher Pucillo disclosed with the U.S. Securities and Exchange
Commission that as of Dec. 31, 2014, they have ceased to be the
beneficial owners of any shares of common stock of YRC Worldwide
Inc.  The reporting persons previously held 2,576,095 shares or
8.91% equity stake as of March 14, 2014.  A copy of the Schedule
13G/A is available at http://is.gd/JZ1wWu

                        About YRC Worldwide

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

As of Dec. 31, 2014, the Company had $1.98 billion in total assets,
$2.45 billion in total liabilities, and a $474 million total
stockholders' deficit.

                            *    *    *

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

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


ZOGENIX INC: Visium No Longer Owns Shares
-----------------------------------------
Visium Asset Management, LP, JG Asset, LLC, and Jacob Gottlieb
disclosed in an amended Schedule 13G filed with the U.S. Securities
and Exchange Commission that as of Dec. 31, 2014, they
no longer owned shares of common stock of Zogenix Inc.  A copy of
the regulatory filing is available at http://is.gd/p9rBAZ

                        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 $80.9 million in 2013, as compared
with a net loss of $47.4 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.


[*] Judge Steven Rhodes to Retire on Feb. 18
--------------------------------------------
Detroit bankruptcy judge Steven Rhodes will retire on Feb. 18,
2015, after a 30-year career, Robert Snell at The Detroit News
reports, citing a court spokesperson.

Detroit News relates that the bankruptcy clerk asked Guy Cole,
chief judge of the 6th U.S. Circuit Court of Appeals in Cincinnati,
Ohio, to appoint a successor to handle unresolved issues in the
Detroit municipal bankruptcy case.

According to Detroit News, Judge Rhodes was credited with setting
an aggressive schedule during the bankruptcy case, which ended in
December 2014 with Detroit emerging from bankruptcy.


[*] State Rep. Ron Sandack Files Bill to Allow Chapter 9 for Cities
-------------------------------------------------------------------
Mark Fitton at Illinois News Network reports that State Rep. Ron
Sandack, R-Downers Grove, has filed a bill to let Illinois
municipalities seek reorganization under Chapter 9 of the U.S.
Bankruptcy Code, saying that legislation is necessary because
federal bankruptcy law requires state authorization for a
municipality to file.

Illinois News Network quoted Illinois Municipal League legislative
director Joe McCoy as saying, "Ultimately what were are saying to
the General Assembly is if they are unable or unwilling to help us
reduce some of our (municipalities') costs that are tied up in
operating and labor and some other unfunded mandates that have been
imposed over the years, then we may have no recourse at some point
in the future than to avail ourselves under Chapter 9 bankruptcy."


[^] Large Companies With Insolvent Balance Sheet
------------------------------------------------
                                                 Total
                                                Share-      Total
                                    Total     Holders'    Working
                                   Assets       Equity    Capital
  Company         Ticker             ($MM)        ($MM)      ($MM)
  -------         ------           ------     --------    -------
ABSOLUTE SOFTWRE  ALSWF US          138.6        (11.0)      (2.4)
ABSOLUTE SOFTWRE  ABT CN            138.6        (11.0)      (2.4)
ABSOLUTE SOFTWRE  OU1 GR            138.6        (11.0)      (2.4)
AC SIMMONDS & SO  ACSX US             1.4         (0.4)      (1.5)
ACCRETIVE HEALTH  6HL GR            510.0        (85.6)     (17.7)
ACCRETIVE HEALTH  ACHI US           510.0        (85.6)     (17.7)
ADVANCED EMISSIO  OXQ1 GR           106.4        (46.1)     (15.3)
ADVANCED EMISSIO  ADES US           106.4        (46.1)     (15.3)
ADVENT SOFTWARE   ADVS US           434.9        (64.8)    (122.0)
ADVENT SOFTWARE   AXQ GR            434.9        (64.8)    (122.0)
AGILE THERAPEUTI  AGRX US            60.9         42.4       39.8
AIR CANADA        ACDVF US       10,648.0     (1,133.0)     (59.0)
AIR CANADA        AC CN          10,648.0     (1,133.0)     (59.0)
AIR CANADA        ACEUR EU       10,648.0     (1,133.0)     (59.0)
AIR CANADA        ADH2 GR        10,648.0     (1,133.0)     (59.0)
AIR CANADA        ADH2 TH        10,648.0     (1,133.0)     (59.0)
AK STEEL HLDG     AK2 TH          4,858.5        (77.0)     900.5
AK STEEL HLDG     AKS* MM         4,858.5        (77.0)     900.5
AK STEEL HLDG     AKS US          4,858.5        (77.0)     900.5
AK STEEL HLDG     AK2 GR          4,858.5        (77.0)     900.5
ALLIANCE HEALTHC  AIQ US            473.5       (127.3)      62.8
AMC NETWORKS-A    AMCX US         3,663.3       (388.0)     659.4
AMC NETWORKS-A    9AC GR          3,663.3       (388.0)     659.4
AMC NETWORKS-A    AMCX* MM        3,663.3       (388.0)     659.4
AMER RESTAUR-LP   ICTPU US           33.5         (4.0)      (6.2)
AMYLIN PHARMACEU  AMLN US         1,998.7        (42.4)     263.0
ANGIE'S LIST INC  ANGI US           161.0        (39.4)     (22.7)
ANGIE'S LIST INC  8AL TH            161.0        (39.4)     (22.7)
ANGIE'S LIST INC  8AL GR            161.0        (39.4)     (22.7)
ARRAY BIOPHARMA   ARRY US           163.6        (13.9)      82.8
ARRAY BIOPHARMA   AR2 TH            163.6        (13.9)      82.8
ARRAY BIOPHARMA   AR2 GR            163.6        (13.9)      82.8
AUTOZONE INC      AZO US          7,717.1     (1,662.8)  (1,383.4)
AUTOZONE INC      AZ5 QT          7,717.1     (1,662.8)  (1,383.4)
AUTOZONE INC      AZOEUR EU       7,717.1     (1,662.8)  (1,383.4)
AUTOZONE INC      AZ5 TH          7,717.1     (1,662.8)  (1,383.4)
AUTOZONE INC      AZ5 GR          7,717.1     (1,662.8)  (1,383.4)
AVALANCHE BIOTEC  AVU GR            167.2        155.7      161.9
AVALANCHE BIOTEC  AAVL US           167.2        155.7      161.9
AVID TECHNOLOGY   AVID US           197.2       (341.2)    (173.2)
AXIM BIOTECHNOLO  AXIM US             1.1         (0.2)      (0.2)
BENEFITFOCUS INC  BTF GR            131.7        (31.2)      34.2
BENEFITFOCUS INC  BNFT US           131.7        (31.2)      34.2
BERRY PLASTICS G  BERY US         5,176.0        (93.0)     660.0
BERRY PLASTICS G  BP0 GR          5,176.0        (93.0)     660.0
BRP INC/CA-SUB V  B15A GR         2,115.5         (9.5)     184.7
BRP INC/CA-SUB V  DOO CN          2,115.5         (9.5)     184.7
BRP INC/CA-SUB V  BRPIF US        2,115.5         (9.5)     184.7
BURLINGTON STORE  BURL US         2,796.9       (167.9)      77.6
BURLINGTON STORE  BUI GR          2,796.9       (167.9)      77.6
CABLEVISION SY-A  CVC US          6,563.7     (5,068.0)     158.9
CABLEVISION SY-A  CVY GR          6,563.7     (5,068.0)     158.9
CABLEVISION-W/I   8441293Q US     6,563.7     (5,068.0)     158.9
CABLEVISION-W/I   CVC-W US        6,563.7     (5,068.0)     158.9
CADIZ INC         CDZI US            56.0        (49.7)       3.0
CAESARS ENTERTAI  CZR US         24,491.5     (3,714.4)   1,363.3
CAESARS ENTERTAI  C08 GR         24,491.5     (3,714.4)   1,363.3
CAPMARK FINANCIA  CPMK US        20,085.1       (933.1)       -
CASELLA WASTE     CWST US           661.8         (6.7)      (0.5)
CENTENNIAL COMM   CYCL US         1,480.9       (925.9)     (52.1)
CHOICE HOTELS     CZH GR            664.2       (397.0)     206.0
CHOICE HOTELS     CHH US            664.2       (397.0)     206.0
CIENA CORP        CIE1 TH         2,072.6        (69.6)     912.1
CIENA CORP        CIE1 QT         2,072.6        (69.6)     912.1
CIENA CORP        CIEN TE         2,072.6        (69.6)     912.1
CIENA CORP        CIE1 GR         2,072.6        (69.6)     912.1
CIENA CORP        CIEN US         2,072.6        (69.6)     912.1
CINCINNATI BELL   CBB US          1,952.6       (584.4)      50.1
CLEAR CHANNEL-A   C7C GR          6,383.9       (132.6)     376.9
CLEAR CHANNEL-A   CCO US          6,383.9       (132.6)     376.9
CLIFFS NATURAL R  CLF* MM         3,199.2     (1,699.1)     489.2
CLIFFS NATURAL R  CVA TH          3,199.2     (1,699.1)     489.2
CLIFFS NATURAL R  CVA GR          3,199.2     (1,699.1)     489.2
CLIFFS NATURAL R  CLF US          3,199.2     (1,699.1)     489.2
CLOUD SECURITY C  3CS GR              0.0         (0.2)      (0.2)
COMVERSE INC      CNSI US           649.6         (2.8)       4.3
COMVERSE INC      CM1 GR            649.6         (2.8)       4.3
CONNECTURE INC    2U7 GR             85.8        (67.7)     (55.8)
CONNECTURE INC    CNXR US            85.8        (67.7)     (55.8)
CORCEPT THERA     CORT US            37.2         (1.3)      19.9
CORINDUS VASCULA  CVRS US             0.0         (0.0)      (0.0)
DIPLOMAT PHARMAC  DPLO US           322.7          6.6      (39.9)
DIPLOMAT PHARMAC  7DP TH            322.7          6.6      (39.9)
DIPLOMAT PHARMAC  7DP GR            322.7          6.6      (39.9)
DIRECTV           DIG1 GR        22,594.0     (5,557.0)      43.0
DIRECTV           DTVEUR EU      22,594.0     (5,557.0)      43.0
DIRECTV           DTV US         22,594.0     (5,557.0)      43.0
DIRECTV           DTV SW         22,594.0     (5,557.0)      43.0
DIRECTV           DTV CI         22,594.0     (5,557.0)      43.0
DOMINO'S PIZZA    EZV TH            510.9     (1,281.7)     112.9
DOMINO'S PIZZA    DPZ US            510.9     (1,281.7)     112.9
DOMINO'S PIZZA    EZV GR            510.9     (1,281.7)     112.9
DUN & BRADSTREET  DNB US          1,789.2     (1,083.4)      (0.3)
DUN & BRADSTREET  DB5 GR          1,789.2     (1,083.4)      (0.3)
DURATA THERAPEUT  DRTX US            82.1        (16.1)      11.7
DURATA THERAPEUT  DTA GR             82.1        (16.1)      11.7
DURATA THERAPEUT  DRTXEUR EU         82.1        (16.1)      11.7
EDGEN GROUP INC   EDG US            883.8         (0.8)     409.2
EMPIRE RESORTS I  NYNY US            42.4        (14.3)      (9.9)
EMPIRE RESORTS I  LHC1 GR            42.4        (14.3)      (9.9)
ENTELLUS MEDICAL  29E GR             14.0         (8.0)       4.8
ENTELLUS MEDICAL  ENTL US            14.0         (8.0)       4.8
EOS PETRO INC     EOPT US             1.3        (28.4)     (29.5)
EXTENDICARE INC   EXETF US        1,885.0         (7.2)      77.0
EXTENDICARE INC   EXE CN          1,885.0         (7.2)      77.0
FAIRPOINT COMMUN  FRP US          1,488.5       (395.7)       9.4
FAIRPOINT COMMUN  FONN GR         1,488.5       (395.7)       9.4
FAIRWAY GROUP HO  FWM US            372.2        (16.5)      17.9
FAIRWAY GROUP HO  FGWA GR           372.2        (16.5)      17.9
FERRELLGAS-LP     FGP US          1,680.4       (138.8)     (37.1)
FERRELLGAS-LP     FEG GR          1,680.4       (138.8)     (37.1)
FMSA HOLDINGS IN  FMSA US         1,447.5        (21.7)     271.3
FMSA HOLDINGS IN  FM1 GR          1,447.5        (21.7)     271.3
FMSA HOLDINGS IN  FMSAEUR EU      1,447.5        (21.7)     271.3
FREESCALE SEMICO  1FS TH          3,275.0     (3,581.0)   1,324.0
FREESCALE SEMICO  1FS GR          3,275.0     (3,581.0)   1,324.0
FREESCALE SEMICO  FSL US          3,275.0     (3,581.0)   1,324.0
FRESHPET INC      FRPT US            75.3        (43.5)       0.4
FRESHPET INC      FRPTEUR EU         75.3        (43.5)       0.4
FRESHPET INC      7FP GR             75.3        (43.5)       0.4
GAMING AND LEISU  2GL GR          2,595.4        (77.9)     (44.2)
GAMING AND LEISU  GLPI US         2,595.4        (77.9)     (44.2)
GARDA WRLD -CL A  GW CN           1,356.8       (243.8)      57.4
GENCORP INC       GY US           1,921.6       (170.9)      99.2
GENCORP INC       GCY GR          1,921.6       (170.9)      99.2
GENTIVA HEALTH    GTIV US         1,225.2       (285.2)     130.0
GENTIVA HEALTH    GHT GR          1,225.2       (285.2)     130.0
GLG PARTNERS INC  GLG US            400.0       (285.6)     156.9
GLG PARTNERS-UTS  GLG/U US          400.0       (285.6)     156.9
GOLD RESERVE INC  GDRZF US           28.0        (10.5)       4.9
GOLD RESERVE INC  GOD GR             28.0        (10.5)       4.9
GOLD RESERVE INC  GRZ CN             28.0        (10.5)       4.9
GRAHAM PACKAGING  GRM US          2,947.5       (520.8)     298.5
GYMBOREE CORP/TH  GYMB US         1,284.0       (321.3)      39.5
HCA HOLDINGS INC  HCA US         31,199.0     (6,498.0)   3,450.0
HCA HOLDINGS INC  2BH GR         31,199.0     (6,498.0)   3,450.0
HCA HOLDINGS INC  2BH TH         31,199.0     (6,498.0)   3,450.0
HD SUPPLY HOLDIN  5HD GR          6,523.0       (657.0)   1,396.0
HD SUPPLY HOLDIN  HDS US          6,523.0       (657.0)   1,396.0
HERBALIFE LTD     HLFEUR EU       2,364.5       (420.6)     508.8
HERBALIFE LTD     HLF US          2,364.5       (420.6)     508.8
HERBALIFE LTD     HOO GR          2,364.5       (420.6)     508.8
HOVNANIAN ENT-A   HO3 GR          2,289.9       (117.8)   1,403.7
HOVNANIAN ENT-A   HOV US          2,289.9       (117.8)   1,403.7
HOVNANIAN ENT-B   HOVVB US        2,289.9       (117.8)   1,403.7
HOVNANIAN-A-WI    HOV-W US        2,289.9       (117.8)   1,403.7
HUGHES TELEMATIC  HUTCU US          110.2       (101.6)    (113.8)
IHEARTMEDIA INC   IHRT US        14,306.0     (9,506.2)   1,003.2
INCYTE CORP       INCY US           785.3        (89.6)     538.0
INCYTE CORP       ICY GR            785.3        (89.6)     538.0
INCYTE CORP       ICY TH            785.3        (89.6)     538.0
INFOR US INC      LWSN US         6,778.1       (460.0)    (305.9)
INOVALON HOLDI-A  IOV GR            317.3        (23.4)     156.4
INOVALON HOLDI-A  INOV US           317.3        (23.4)     156.4
IPCS INC          IPCS US           559.2        (33.0)      72.1
ISTA PHARMACEUTI  ISTA US           124.7        (64.8)       2.2
JUST ENERGY GROU  JE CN           1,570.4       (311.6)     159.7
JUST ENERGY GROU  1JE GR          1,570.4       (311.6)     159.7
JUST ENERGY GROU  JE US           1,570.4       (311.6)     159.7
L BRANDS INC      LB US           7,149.0       (433.0)   1,050.0
L BRANDS INC      LBEUR EU        7,149.0       (433.0)   1,050.0
L BRANDS INC      LTD TH          7,149.0       (433.0)   1,050.0
L BRANDS INC      LTD GR          7,149.0       (433.0)   1,050.0
LEAP WIRELESS     LWI GR          4,662.9       (125.1)     346.9
LEAP WIRELESS     LEAP US         4,662.9       (125.1)     346.9
LEAP WIRELESS     LWI TH          4,662.9       (125.1)     346.9
LORILLARD INC     LLV TH          3,508.0     (2,182.0)   1,051.0
LORILLARD INC     LLV GR          3,508.0     (2,182.0)   1,051.0
LORILLARD INC     LO US           3,508.0     (2,182.0)   1,051.0
MANNKIND CORP     MNKD US           386.8        (40.7)    (100.3)
MANNKIND CORP     NNF1 TH           386.8        (40.7)    (100.3)
MANNKIND CORP     NNF1 GR           386.8        (40.7)    (100.3)
MARRIOTT INTL-A   MAR US          6,847.0     (1,842.0)  (1,186.0)
MARRIOTT INTL-A   MAQ TH          6,847.0     (1,842.0)  (1,186.0)
MARRIOTT INTL-A   MAQ GR          6,847.0     (1,842.0)  (1,186.0)
MDC COMM-W/I      MDZ/W CN        1,707.3        (86.7)    (256.5)
MDC PARTNERS-A    MDZ/A CN        1,707.3        (86.7)    (256.5)
MDC PARTNERS-A    MDCA US         1,707.3        (86.7)    (256.5)
MDC PARTNERS-A    MD7A GR         1,707.3        (86.7)    (256.5)
MDC PARTNERS-EXC  MDZ/N CN        1,707.3        (86.7)    (256.5)
MERITOR INC       AID1 GR         2,346.0       (576.0)     268.0
MERITOR INC       MTOR US         2,346.0       (576.0)     268.0
MERRIMACK PHARMA  MP6 GR            188.6        (99.9)      40.9
MERRIMACK PHARMA  MACK US           188.6        (99.9)      40.9
MICHAELS COS INC  MIM GR          2,030.0     (2,269.0)     409.0
MICHAELS COS INC  MIK US          2,030.0     (2,269.0)     409.0
MONEYGRAM INTERN  MGI US          4,642.2       (182.7)      21.4
MORGANS HOTEL GR  M1U GR            632.3       (221.3)      89.3
MORGANS HOTEL GR  MHGC US           632.3       (221.3)      89.3
MOXIAN CHINA INC  MOXC US             4.9         (1.2)      (4.0)
MPG OFFICE TRUST  1052394D US     1,280.0       (437.3)       -
NATIONAL CINEMED  XWM GR            993.6       (200.2)      51.8
NATIONAL CINEMED  NCMI US           993.6       (200.2)      51.8
NAVISTAR INTL     NAV US          7,443.0     (4,618.0)     782.0
NAVISTAR INTL     IHR GR          7,443.0     (4,618.0)     782.0
NAVISTAR INTL     IHR TH          7,443.0     (4,618.0)     782.0
NEFF CORP-CL A    NEFF US           612.1       (343.7)      (1.5)
NEW ENG RLTY-LP   NEN US            178.9        (25.9)       -
NORTHWEST BIO     NWBO US            29.4        (31.2)     (41.7)
NORTHWEST BIO     NBYA GR            29.4        (31.2)     (41.7)
OMEROS CORP       OMER US            25.3        (26.6)       9.0
OMEROS CORP       3O8 GR             25.3        (26.6)       9.0
OMTHERA PHARMACE  OMTH US            18.3         (8.5)     (12.0)
PALM INC          PALM US         1,007.2         (6.2)     141.7
PATRIOT NATIONAL  PN US             137.0        (38.7)     (25.7)
PBF LOGISTICS LP  PBFX US           360.0        (47.3)      15.6
PBF LOGISTICS LP  11P GR            360.0        (47.3)      15.6
PHILIP MORRIS IN  PM US          35,187.0    (11,203.0)     372.0
PHILIP MORRIS IN  PM FP          35,187.0    (11,203.0)     372.0
PHILIP MORRIS IN  4I1 TH         35,187.0    (11,203.0)     372.0
PHILIP MORRIS IN  PM1CHF EU      35,187.0    (11,203.0)     372.0
PHILIP MORRIS IN  PMI SW         35,187.0    (11,203.0)     372.0
PHILIP MORRIS IN  PM1 TE         35,187.0    (11,203.0)     372.0
PHILIP MORRIS IN  PM1EUR EU      35,187.0    (11,203.0)     372.0
PHILIP MORRIS IN  4I1 GR         35,187.0    (11,203.0)     372.0
PHILIP MORRIS IN  4I1 QT         35,187.0    (11,203.0)     372.0
PLAYBOY ENTERP-A  PLA/A US          165.8        (54.4)     (16.9)
PLAYBOY ENTERP-B  PLA US            165.8        (54.4)     (16.9)
PLY GEM HOLDINGS  PGEM US         1,304.9        (73.5)     238.9
PLY GEM HOLDINGS  PG6 GR          1,304.9        (73.5)     238.9
PROTALEX INC      PRTX US             0.8        (10.3)      (0.0)
PROTECTION ONE    PONE US           562.9        (61.8)      (7.6)
PROTEON THERAPEU  PRTO US            24.2          9.6       19.3
QUALITY DISTRIBU  QLTY US           439.6        (30.4)     105.2
QUALITY DISTRIBU  QDZ GR            439.6        (30.4)     105.2
QUINTILES TRANSN  QTS GR          3,305.8       (704.0)     674.2
QUINTILES TRANSN  Q US            3,305.8       (704.0)     674.2
RAYONIER ADV      RYAM US         1,304.7        (63.8)     188.6
RAYONIER ADV      RYQ GR          1,304.7        (63.8)     188.6
REGAL ENTERTAI-A  RGC* MM         2,553.5       (755.1)       6.5
REGAL ENTERTAI-A  RGC US          2,553.5       (755.1)       6.5
REGAL ENTERTAI-A  RETA GR         2,553.5       (755.1)       6.5
RENAISSANCE LEA   RLRN US            57.0        (28.2)     (31.4)
RENTPATH INC      PRM US            208.0        (91.7)       3.6
RETROPHIN INC     17R GR            145.9        (10.2)      (3.7)
RETROPHIN INC     RTRX US           145.9        (10.2)      (3.7)
REVLON INC-A      RVL1 GR         1,912.6       (570.6)     300.9
REVLON INC-A      REV US          1,912.6       (570.6)     300.9
RITE AID CORP     RTA TH          7,186.0     (1,792.7)   1,895.3
RITE AID CORP     RTA GR          7,186.0     (1,792.7)   1,895.3
RITE AID CORP     RAD US          7,186.0     (1,792.7)   1,895.3
ROCKWELL MEDICAL  RWM GR             23.9         (5.5)       2.6
ROCKWELL MEDICAL  RWM TH             23.9         (5.5)       2.6
ROCKWELL MEDICAL  RMTI US            23.9         (5.5)       2.6
ROUNDY'S INC      4R1 GR          1,089.7        (66.8)      71.8
ROUNDY'S INC      RNDY US         1,089.7        (66.8)      71.8
RURAL/METRO CORP  RURL US           303.7        (92.1)      72.4
RYERSON HOLDING   7RY GR          2,006.2        (38.2)     749.5
RYERSON HOLDING   RYI US          2,006.2        (38.2)     749.5
SALLY BEAUTY HOL  S7V GR          2,097.0       (255.6)     753.8
SALLY BEAUTY HOL  SBH US          2,097.0       (255.6)     753.8
SBA COMM CORP-A   SBAC US         7,809.0       (297.6)    (671.8)
SBA COMM CORP-A   SBJ TH          7,809.0       (297.6)    (671.8)
SBA COMM CORP-A   SBJ GR          7,809.0       (297.6)    (671.8)
SECOND SIGHT MED  24P GR              9.6        (19.5)       4.4
SECOND SIGHT MED  EYES US             9.6        (19.5)       4.4
SEQUENOM INC      QNMA TH           134.6        (51.9)      36.5
SEQUENOM INC      SQNM US           134.6        (51.9)      36.5
SEQUENOM INC      QNMA GR           134.6        (51.9)      36.5
SILVER SPRING NE  9SI GR            548.2       (133.8)      78.4
SILVER SPRING NE  SSNI US           548.2       (133.8)      78.4
SILVER SPRING NE  9SI TH            548.2       (133.8)      78.4
SIRIUS XM CANADA  SIICF US          336.0        (91.2)    (159.5)
SIRIUS XM CANADA  XSR CN            336.0        (91.2)    (159.5)
SPORTSMAN'S WARE  06S GR            315.7        (35.0)      83.3
SPORTSMAN'S WARE  SPWH US           315.7        (35.0)      83.3
SUPERVALU INC     SJ1 GR          5,078.0       (647.0)     277.0
SUPERVALU INC     SVU US          5,078.0       (647.0)     277.0
SUPERVALU INC     SJ1 TH          5,078.0       (647.0)     277.0
SUPERVALU INC     SVU* MM         5,078.0       (647.0)     277.0
THERAVANCE        HVE GR            553.7       (193.1)     237.4
THERAVANCE        THRX US           553.7       (193.1)     237.4
THRESHOLD PHARMA  NZW1 GR            76.7        (21.0)      49.1
THRESHOLD PHARMA  THLD US            76.7        (21.0)      49.1
TOWN SPORTS INTE  CLUB US           482.6        (53.8)      69.7
TRANSDIGM GROUP   T7D GR          6,913.6     (1,464.7)   1,231.3
TRANSDIGM GROUP   TDG US          6,913.6     (1,464.7)   1,231.3
TRINET GROUP INC  TN3 GR          1,393.3        (48.9)      17.3
TRINET GROUP INC  TNET US         1,393.3        (48.9)      17.3
TRINET GROUP INC  TNETEUR EU      1,393.3        (48.9)      17.3
TRINET GROUP INC  TN3 TH          1,393.3        (48.9)      17.3
UNILIFE CORP      4UL GR             86.4        (19.9)       2.4
UNILIFE CORP      4UL TH             86.4        (19.9)       2.4
UNILIFE CORP      UNIS US            86.4        (19.9)       2.4
UNISYS CORP       UISCHF EU       2,348.7     (1,452.4)     319.6
UNISYS CORP       UIS1 SW         2,348.7     (1,452.4)     319.6
UNISYS CORP       USY1 GR         2,348.7     (1,452.4)     319.6
UNISYS CORP       USY1 TH         2,348.7     (1,452.4)     319.6
UNISYS CORP       UISEUR EU       2,348.7     (1,452.4)     319.6
UNISYS CORP       UIS US          2,348.7     (1,452.4)     319.6
VECTOR GROUP LTD  VGR GR          1,643.4         (7.9)     561.5
VECTOR GROUP LTD  VGR US          1,643.4         (7.9)     561.5
VENOCO INC        VQ US             756.5       (100.0)    (762.9)
VERISIGN INC      VRS TH          2,154.9       (883.5)    (429.9)
VERISIGN INC      VRS GR          2,154.9       (883.5)    (429.9)
VERISIGN INC      VRSN US         2,154.9       (883.5)    (429.9)
VERIZON TELEMATI  HUTC US           110.2       (101.6)    (113.8)
VIRGIN AMERICA I  2VA1 TH           876.0       (313.0)      19.0
VIRGIN AMERICA I  2VA1 GR           876.0       (313.0)      19.0
VIRGIN AMERICA I  VA US             876.0       (313.0)      19.0
VIRGIN MOBILE-A   VM US             307.4       (244.2)    (138.3)
WEIGHT WATCHERS   WW6 TH          1,558.3     (1,357.7)      60.6
WEIGHT WATCHERS   WW6 GR          1,558.3     (1,357.7)      60.6
WEIGHT WATCHERS   WW6 QT          1,558.3     (1,357.7)      60.6
WEIGHT WATCHERS   WTWEUR EU       1,558.3     (1,357.7)      60.6
WEIGHT WATCHERS   WTW US          1,558.3     (1,357.7)      60.6
WEST CORP         WT2 GR          3,818.1       (659.6)     454.6
WEST CORP         WSTC US         3,818.1       (659.6)     454.6
WESTMORELAND COA  WME GR          1,578.5       (264.3)     101.2
WESTMORELAND COA  WLB US          1,578.5       (264.3)     101.2
WESTMORELAND RES  WMLP US           204.0        (14.2)     (57.7)
WORKIVA INC       0WKA GR            82.6        (23.4)     (23.4)
WORKIVA INC       WK US              82.6        (23.4)     (23.4)
XERIUM TECHNOLOG  TXRN GR           611.2        (51.2)     102.1
XERIUM TECHNOLOG  XRM US            611.2        (51.2)     102.1
XOMA CORP         XOMA US            70.9        (18.1)      28.5
XOMA CORP         XOMA TH            70.9        (18.1)      28.5
YRC WORLDWIDE IN  YRCW US         1,985.0       (474.3)     148.2
YRC WORLDWIDE IN  YEL1 GR         1,985.0       (474.3)     148.2
YRC WORLDWIDE IN  YEL1 TH         1,985.0       (474.3)     148.2


                            *********

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 ***