TCR_Public/150224.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 24, 2015, Vol. 19, No. 55

                            Headlines

ALCO STORES: Blackhawk Withdraws Limited Objection to Sale
ALLEN SYSTEM: Moody's Withdraws 'Ca' Corporate Family Rating
ALTEGRITY INC: Can Hire Prime Clerk as Claims & Noticing Agent
ALTEGRITY INC: Former Workers Sue Over WARN Act Violations
AMERICAN POWER: Reports $1.4 Million for Dec. 31 Quarter

AMERICAN TIRE: Moody's 'B2' CFR Unaffected by Notes Upsizing
ARKANOVA ENERGY: Incurs $728,600 Net Loss in Dec. 31 Quarter
AURICO GOLD: S&P Affirms 'B' Corp. Credit Rating
AUXILIUM PHARMACEUTICALS: Putnam Reports 1.2% Stake as of Dec. 31
BAXANO SURGICAL: Wants 90 More Days to Propose Chapter 11 Plan

BG MEDICINE: GE Asset Mgt. Reports 4.3% Stake as of Dec. 31
BLANCHE ZWERDLING: Case Summary & 2 Largest Unsecured Creditors
BOOMERANG SYSTEMS: Reports $12.4-Mil. Net Loss for Dec. 31 Qtr.
CACHE INC: Meeting of Creditors Set for March 11
CACHE INC: U.S. Trustee Names Seven Members to Creditors' Committee

CAESARS ENTERTAINMENT: Seeks to Disband 2nd-Lien-Noteholders' Panel
CALMARE THERAPEUTICS: Bard Assoc. Reports 9.7% Stake at Dec. 31
CAROLYN DAVIS: Chapter 19 Filings Can't Skirt Chapter 12 Limits
CONNIE STEVENS: Gets $5-Mil. Bid for Jackson, Wyoming Home
CUBIC ENERGY: Posts $10.7 Million Net Income for Second Quarter

DEAN FOODS: Fitch Assigns 'BB-' Rating on $700MM Sr. Unsec. Notes
DUBLIN SCHOOL: S&P Lowers Rating on GO Debt Outstanding to 'BB+'
DYNASIL CORP: Incurs $557,000 Net Loss in Dec. 31 Quarter
ELBIT IMAGING: Announces Results of Extraordinary Meeting
ELITE PHARMACEUTICALS: Posts $21MM Net Income in Dec. 31 Qtr.

EMPIRE RANCH: Case Summary & 20 Largest Unsecured Creditors
ENDICOTT INTERCONNECT: Confirms Liquidating Chapter 11 Plan
ENERGY FUTURE: Fee Committee Retains PG&S as Delaware Counsel
ENERGY TRANSFER: Fitch Rates $500MM Secured Term Loan 'BB+'
ENERGY TRANSFER: Moody's Assigns Ba2 Rating on New $500MM Sr Loan

FAIRFAX FINANCIAL: Moody's Affirms Ba2(hyb) Preferred Stock Rating
FAMILY CHRISTIAN: Seeks to Employ Brookwood as Investment Banker
FAMILY CHRISTIAN: Seeks to Employ Resurgence as Financial Advisor
FAMILY CHRISTIAN: U.S. Trustee Raises Concern on Counsel Fees
FAMILY CHRISTIAN: U.S. Trustee, Supplier Object to Cash Use

FINJAN HOLDINGS: Markman Hearing in "Sophos" Litigation Held
GELTECH SOLUTIONS: Extends Maturities of Reger Notes to 2020
GEORGIA TRANSIT: Case Summary & 20 Largest Unsecured Creditors
GLYECO INC: Leonid Frenkel Reports 9.9% Stake as of Dec. 31
GT ADVANCED: Says Judge Ignored Evidence on Bonuses

HAAS ENVIRONMENTAL: Plan Outline Hearing Reset to March 12
HEPAR BIOSCIENCE: Case Summary & 15 Largest Unsecured Creditors
HLSS SERVICER: Bluemountain Capital Sends Second Notice of Default
IHEARTCOMMUNICATIONS INC: Moody's Caa2 CFR Unaffected by PGN Upsize
IHEARTCOMMUNICATIONS INC: Offering $950MM 10.625% Guarantee Notes

INSITE VISION: Eli Jacobson Reports 8.4% Stake as of Dec. 31
ISC8 INC: SVB Reports 11.8% Stake as of Feb. 17
KID BRANDS: Plan Filing Date Extended to April 14
L.I.S. CUSTOM: Voluntary Chapter 11 Case Summary
LATTICE INC: Bard Associates Reports 8.3% Stake as of Dec. 31

LIGHTSQUARED INC: Offers $2.9-Mil. More in Bonuses
LOUIS BULLARD: U.S. Supports Homeowner in Supreme Court Appeal
MEDICAL ALARM: Reports $114,000 Net Loss in Fiscal Second Quarter
MEMORY LANE: Case Summary & Largest Unsecured Creditors
MF GLOBAL: Corzine Can't Free Ride on Trustee Paper Works

MF GLOBAL: Customers on Verge of Forfeiting $10.4MM
MIG LLC: Court OKs Amendment to BNY Litigation Trust Agreement
MILLS INTERNATIONAL: Case Summary & 20 Top Unsecured Creditors
MISSION NEWENERGY: Successfully Completes Transformation
MSI CORP: Plan of Reorganization Declared Effective

MUNDY RANCH: Rabo AgriFinance Demands Payment of $25K
NICHOLS CREEK: Balks at Whitney Bank's Dismissal, Lift Stay Bid
PARAMOUNT RESOURCES: S&P Raises LT Corp. Credit Rating to 'B'
PRECISION OPTICS: Reports $321,000 Net Loss for Second Quarter
RADIOSHACK CORP: Committee Balks at Standard General's Credit Bid

REICHHOLD HOLDINGS: Court Amends DIP Order for Settlement
SIGA TECHNOLOGIES: Can Implement KERP for Top Managers
SNTECH INC: Creditors Wrangle Carveout with Senior Lender
SOURCE HOME: Court Confirms Ch. 11 Liquidation Plan
SOURCE HOME: Judge Extends Deadline to Remove Suits to May 19

T.E. BERTAGNOLLI: Case Summary & 2 Largest Unsecured Creditors
TENGION INC: Trustee Selling Assets for Debt and Cash
TERRI RUNNING: Annuity Bought With IRA Money Remains Exempt Asset
TERRY'S TIRES: Voluntary Chapter 11 Case Summary
THERAPEUTICSMD INC: Closes Offering of 13.5 Million Common Shares

TIFFANY WALKER: Lender Gets No Slack for Filing Late Claim
TRUMP ENTERTAINMENT: Icahn Settles with Unsecured Creditors
TS EMPLOYMENT: Trustee Sought Amid Failure to Pay Taxes
VIGGLE INC: Accel No Longer Owns Shares as of Dec. 31
VOGUE I'NT'L: Moody's Affirms B2 Corp Family Rating, Outlook Stable

WATERFORD GAMING: S&P Withdraws All Ratings
WINLAND OCEAN SHIPPING: Court Issues Ch. 11 Stay Order
WINLAND OCEAN SHIPPING: Needs Until March 30 to File Schedules
WINLAND OCEAN SHIPPING: Seeks to Use CMB Cash Collateral
[*] Junk Default Rate May Increase Later This Year, Moody's Says

[*] Settled Issue Isn't Ground for "Withdrawal of Reference"
[] Junk Debt Maturity Wall Pushed Back to 2018-2019 by Moody's
[^] Large Companies With Insolvent Balance Sheet

                            *********

ALCO STORES: Blackhawk Withdraws Limited Objection to Sale
----------------------------------------------------------
Blackhawk Network, Inc., an interested party in the Chapter 11
cases of Alco Stores, Inc., et al., has withdrawn its limited
objection to Debtors' sale motion.

Blackhawk filed the objection to preserve its rights in and to
$821,000 of cash in which Blackhawk contends neither the Debtors
nor their lenders have any legal or equitable right, and which must
therefore remain subject to Blackhawk's claims that such cash, or
its reasonably equivalent value, constitutes trust funds held for
the benefit of Blackhawk and Blackhawk's network partners.

Blackhawk said that the withdrawal is without prejudice to
re-filing and that it is being done in anticipation of filing of an
adversary complaint against the Debtors to recover the identified
cash.  

                    Home of Economy-Led Auction

As reported in the Troubled Company Reporter on Jan. 16, 2015,
the U.S. Bankruptcy Court authorized the Debtors to sell its
assets -- real property located at 6527 Highway 40, Tioga, North
Dakota -- in an auction led by Home of Economy, Inc., as stalking
horse bidder.  The Tioga Purchase Agreement provides for, among
other things:

   -- purchase price for the owned real property subject to the
dated as of Nov. 29, 2014, will be equal to $3,500,000;

   -- the break-up fee with respect to the Tioga Purchase Agreement
will be equal to $50,000;

   -- the Debtors are authorized to enter into that agreement for
assignment and assumption of lease dated as of Nov. 29, 2014,
between the Debtor and Home of Economy, relating to the assignment
and assumption of the Debtors' Leased Premises located at 113 6th
Avenue SE, Suite 5200, Watford City, North Dakota, and will be
authorized to take any and all actions necessary or appropriate to
implement or consummate the Watford City Agreement.  The purchase
price for the assignment of the Leased Premises subject to Watford
City Agreement will be equal to $500,000, plus cure of monetary
defaults under the lease to the extent required under Section
365(b) of the Bankruptcy Code in an amount not to exceed $35,000.
There is no break-up fee with respect to the Watford City
Agreement.

                         About ALCO Stores

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

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

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

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

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

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

The Debtor received court approval to sell some of its real estate
along with store leases.

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



ALLEN SYSTEM: Moody's Withdraws 'Ca' Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service has withdrawn Allen Systems Group, Inc.'s
Ca Corporate Family Rating, the D-PD Probability of Default Rating,
and the C rating for the company's $300 million second lien senior
secured notes.

In accordance with its ratings withdrawal policies, Moody's has
withdrawn ASG's ratings as the company has voluntarily filed for
protection under Chapter 11 of the bankruptcy code in the U.S.
Bankruptcy Court for the District of Delaware.

Moody's has withdrawn the following ratings:

Issuer: Allen Systems Group, Inc.

-- Corporate Family Rating - Ca

-- Probability of Default Rating - D-PD

-- $300 million second lien senior secured notes due 2016 -
    C (LGD5)

Headquartered in Naples, Florida, ASG is a privately-held provider
of enterprise IT software solutions.


ALTEGRITY INC: Can Hire Prime Clerk as Claims & Noticing Agent
--------------------------------------------------------------
Altegrity, Inc., et al., sought and obtained authority from the
U.S. Bankruptcy Court for the District of Delaware to employ Prime
Clerk LLC as claims and noticing agent to, among other things, (a)
distribute required notices to parties-in-interest, (b) receive,
maintain, docket and otherwise administer the proofs of claim filed
in the Debtors' cases, and (c) provide other claims and noticing
services as required by the Debtors that would fall within the
purview of the services to be provided by the Office of the Clerk
of Court.

The firm will be paid the following hourly rates:

     Analyst                            $40
     Technology Consultant             $110
     Consultant                        $125
     Senior Consultant                 $155
     Director                          $190
     Solicitation Consultant           $175
     Director of Solicitation          $200

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

                        About Altegrity Inc.

Altegrity Inc. provides background investigations for the U.S.
government; employment background and mortgage screening for
commercial customers; technology-driven legal services and
software
for data management; and investigative, analytic, consulting, due
diligence, and security services.  Altegrity is principally owned
by investment funds affiliated with Providence Equity Partners.

Altegrity Inc. and 37 of its affiliates filed Chapter 11
bankruptcy
petitions (Bankr. D. Del. Lease Case No. 15-10226) on Feb. 8,
2015.
Jeffrey S. Campbell signed the petitions as president and chief
financial officer.  The Debtors disclosed total assets of $1.7
billion and total liabilities of $2.1 billion as of June 30, 2014.

M. Natasha Labovitz, Esq., Jasmine Ball, Esq., and Craig A.
Bruens,
Esq., at Debevoise & Plimpton LLP serve as the Debtors' counsel.
Joseph M. Barry, Esq., Ryan M. Bartley, Esq.,
and Edmon L. Morton, Esq., at Young, Conaway, Stargatt & Taylor,
LLP, act as the Debtors' Delaware and conflicts counsel.  
Stephen Goldstein and Lloyd Sprung, at Evercore Group, LLC, are
the
Debtors' investment bankers.  Kevin M. McShea and Carrianne J. M.
Basler, at Alixpartners LLP serve as the Debtors' restructuring
advisors.  Prime Clerk LLC is the Debtors' claims and noticing
agent.  PricewaterhouseCoopers LLP serves as the Debtors'
independent auditors.


ALTEGRITY INC: Former Workers Sue Over WARN Act Violations
----------------------------------------------------------
Plaintiffs Thomas Karaniewsky and Angela Rodriguez allege, on
behalf of themselves and a class of similarly situated former
employees of Altegrity, Inc., et al., filed an adversary proceeding
alleging that the defendants terminated them and approximately
2,000 full-time employees without 60 days' notice required by the
Worker Adjustment and Retraining Notification Act.  Through the
adversary proceeding, the plaintiffs seek to recover 60 days wages
and benefits.

Mr. Karaniewsky has also commenced a class action complaint against
defendant US Investigations Services in the U.S. District Court for
the Western District of Pennsylvania, Case No. 14-CV-01344-AJS.

The adversary case is THOMAS KARANIEWSKY and ANGELA RODRIGUEZ, on
behalf of themselves and all others similarly situated, Plaintiffs,
v. ALTEGRITY, INC., ALTEGRITY ACQUISITION CORP., ALTEGRITY HOLDING
CORP., and US INVESTIGATIONS SERVICES, LLC, Adv. Pro. No.
______-____ (Bankr. D.Del.).

The plaintiffs are represented by:

         Christopher D. Loizides, Esq.
         LOIZIDES, P.A.
         1225 King Street, Suite 800
         Wilmington, DE 19801
         Tel: (302) 654-0248
         Fax: (302) 654-0728
         E-mail: loizides@loizides.com

            -- and --

         Jack A. Raisner, Esq.
         Rene S. Roupinian, Esq.
         OUTTEN & GOLDEN LLP
         3 Park Avenue, 29th Floor
         New York, NY 10016
         Tel: (212) 245-1000
         E-mail: jar@outtengolden.com
                 RSR@outtengolden.com

                        About Altegrity Inc.

Altegrity Inc. provides background investigations for the U.S.
government; employment background and mortgage screening for
commercial customers; technology-driven legal services and
software
for data management; and investigative, analytic, consulting, due
diligence, and security services.  Altegrity is principally owned
by investment funds affiliated with Providence Equity Partners.

Altegrity Inc. and 37 of its affiliates filed Chapter 11
bankruptcy
petitions (Bankr. D. Del. Lease Case No. 15-10226) on Feb. 8,
2015.
Jeffrey S. Campbell signed the petitions as president and chief
financial officer.  The Debtors disclosed total assets of $1.7
billion and total liabilities of $2.1 billion as of June 30, 2014.

M. Natasha Labovitz, Esq., Jasmine Ball, Esq., and Craig A.
Bruens,
Esq., at Debevoise & Plimpton LLP serve as the Debtors' counsel.
Joseph M. Barry, Esq., Ryan M. Bartley, Esq.,
and Edmon L. Morton, Esq., at Young, Conaway, Stargatt & Taylor,
LLP, act as the Debtors' Delaware and conflicts counsel.  
Stephen Goldstein and Lloyd Sprung, at Evercore Group, LLC, are
the
Debtors' investment bankers.  Kevin M. McShea and Carrianne J. M.
Basler, at Alixpartners LLP serve as the Debtors' restructuring
advisors.  Prime Clerk LLC is the Debtors' claims and noticing
agent.  PricewaterhouseCoopers LLP serves as the Debtors'
independent auditors.


AMERICAN POWER: Reports $1.4 Million for Dec. 31 Quarter
--------------------------------------------------------
American Power Group Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss available to common stockholders of $1.38 million on $1.05
million of net sales for the three months ended Dec. 31, 2014,
compared to a net loss available to common stockholders of $408,613
on $1.84 million of net sales for the same period a year ago.

As of Dec. 31, 2014, the Company had $9.53 million in total assets,
$5.55 million in total liabilities and $3.97 million in total
stockholders' equity.

As of Dec. 31, 2014, the Company had $2,527,228 in cash, cash
equivalents and restricted certificates of deposit and working
capital of $1,977,233.  As of Dec. 31, 2014, under the terms of the
Company's working capital line it had sufficient collateral to
borrow an additional $120,000 above the then outstanding balance.

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

                        http://is.gd/kZTLOZ

                     About American Power Group

American Power Group's alternative energy subsidiary, American
Power Group, Inc., provides a cost-effective patented Turbocharged
Natural Gas conversion technology for vehicular, stationary and
off-road mobile diesel engines.  American Power Group's dual fuel
technology is a unique non-invasive energy enhancement system that
converts existing diesel engines into more efficient and
environmentally friendly engines that have the flexibility to run
on: (1) diesel fuel and liquefied natural gas; (2) diesel fuel and
compressed natural gas; (3) diesel fuel and pipeline or well-head
gas; and (4) diesel fuel and bio-methane, with the flexibility to
return to 100 percent diesel fuel operation at any time.  The
proprietary technology seamlessly displaces up to 80% of the
normal diesel fuel consumption with the average displacement
ranging from 40 percent to 65 percent.  The energized fuel balance
is maintained with a proprietary read-only electronic controller
system ensuring the engines operate at original equipment
manufacturers' specified temperatures and pressures.  Installation
on a wide variety of engine models and end-market applications
require no engine modifications unlike the more expensive invasive
fuel-injected systems in the market.  Additional information at
http://www.americanpowergroupinc.com/   

American Power reported a net loss available to common
stockholders of $3.25 million on $6.28 million of net sales for
the year ended Sept. 30, 2014, compared to a net loss available to
common stockholders of $2.92 million on $7.01 million of net sales
for the year ended Sept. 30, 2013.


AMERICAN TIRE: Moody's 'B2' CFR Unaffected by Notes Upsizing
------------------------------------------------------------
Moody's Investors Service said that American Tire Distributor
Inc.'s plan to increase the size of the senior subordinated bond
issuance is credit neutral, but does not impact the company's B2
Corporate Family Rating, the B2 rating on the first lien term loan,
the Caa1 rating on the senior subordinated notes or the stable
ratings outlook.

American Tire Distributors, Inc., ("ATDI") headquartered in
Huntersville, NC, is a wholesale distributor of tires (over 95% of
sales), custom wheels, and related tools.  It operates more than
140 distribution centers in the US and Canada, with revenues
approaching $5 billion for the twelve months ended October 4, 2014.
Post transaction, the company will be controlled by TPG Capital,
L.P. (46.7%) and Ares Management, L.P. (46.7%), with remaining
shares held by management.



ARKANOVA ENERGY: Incurs $728,600 Net Loss in Dec. 31 Quarter
------------------------------------------------------------
Arkanova Energy Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $729,000 on $158,000 of total revenue for the three
months ended Dec. 31, 2014, compared to a net loss of $648,000 on
$234,000 of total revenue for the same period during the prior
year.

As of Dec. 31, 2014, the Company had $6.01 million in total assets,
$18.4 million in total liabilities and a $12.35 million total
stockholders' deficit.

Arkanova has incurred losses of $31.8 million since inception at
Dec. 31, 2014.  Management plans to raise additional capital
through equity and/or debt financings.  The Company said these
factors raise substantial doubt regarding its ability to continue
as a going concern.

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

                        http://is.gd/X8UVlU

                           About Arkanova

Austin, Tex.-based Arkanova Energy Corporation is a junior
producing oil and gas company and is also engaged in the
acquisition, exploration and development of prospective oil and
gas properties.  It holds mineral leases in Delores County, Lone
Mesa State Park, Colorado and leasehold interests located in
Pondera and Glacier Counties, Montana.

Arkanova Energy reported a net loss of $3 million for the year
ended Sept. 30, 2014, compared with a net loss of $2.73 million for
the year ended Sept. 30, 2013.  As of Sept. 30, 2014, the Company
had $2.52 million in total assets, $14.2 million in total
liabilities and a $11.6 million total stockholders' deficit.

MaloneBailey, LLP, in Houston, Texas, 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 cumulative losses since inception and has
negative working capital, which raises substantial doubt about its
ability to continue as a going concern.


AURICO GOLD: S&P Affirms 'B' Corp. Credit Rating
------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' long-term
corporate credit rating on Toronto-based gold producer AuRico Gold
Inc.  The outlook is stable.

At the same time, Standard & Poor's affirmed its 'B' issue-level
rating, with a '3' recovery rating, on the company's senior secured
notes.

"We base this affirmation on our expectation for improvement in the
company's core credit ratios in 2015 and thereafter, driven
primarily by increased gold production and cost improvement", said
Standard & Poor's credit analyst Jarrett Bilous.  "The underground
ramp-up of Young-Davidson is about 50% complete and we expect it to
reach full production by year-end 2016," Mr. Bilous added.

The revision to S&P's country risk assessment on the company to
"low" from "intermediate" reflects its expectation that AuRico
Gold's Young-Davidson mine in Canada will account for an increasing
share of the company's earnings.  In S&P's view, this reflects the
increase in output from Young-Davidson and relatively steady output
from AuRico Gold's El Chanate mine in Mexico.

The stable outlook on AuRico Gold reflects S&P's view that higher
output and profitability at its Young-Davidson mine will enable the
company to generate adjusted debt-to-EBITDA in the low-to-mid-3x in
2015.

S&P could lower the rating if the company sustained adjusted
debt-to-EBITDA ratio increases to above 4x.  In S&P's view, this
could result from operational disruptions that limit production
growth, or lower-than-expected operating margins that lead to
higher-than-expected free cash flow deficits and weaker liquidity.

S&P could raise the rating if the company were to generate
greater-than-expected improvement in operating margins that results
in positive discretionary free cash flow and an adjusted
debt-to-EBITDA ratio sustainably in the 2x-3x area.



AUXILIUM PHARMACEUTICALS: Putnam Reports 1.2% Stake as of Dec. 31
-----------------------------------------------------------------
Putnam Investments, LLC d/b/a/ Putnam Investments and
Putnam Investment Management, LLC disclosed that as of Dec. 31,
2014, they beneficially owned 619,715 shares of common stock of
Auxilium Pharmaceuticals, representing 1.2 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/HBV5mM

                           About Auxilium

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

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

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

The Company's balance sheet at Sept. 30, 2014, showed $1.14
billion in total assets, $983 million in total liabilities and
total stockholders' equity of $162 million.

                           *     *     *

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

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


BAXANO SURGICAL: Wants 90 More Days to Propose Chapter 11 Plan
--------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Baxano Surgical Inc., having sold the business
of making devices for minimally invasive spine surgery, filed a
request seeking 90 more days to propose a Chapter 11 plan.

According to the report, with the sales of most assets completed,
Baxano is now collecting accounts receivable and the company hopes
to generate enough cash to pay secured lender Hercules Technology
Growth Capital Inc. in full and cover cost of bankruptcy and
priority claims.  There's a "reasonable chance" of having "some
excess" to provide distributions to unsecured creditors or fund a
liquidating trust, the report said, citing court documents.

                       About Baxano Surgical

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

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

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

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

The Official Committee of Unsecured Creditors selected Pillsbury
Winthrop Shaw Pittman LLP and Morris, Nichols, Arsht & Tunnell LLP
as co-counsel.  The Committee also tapped Urbanowicz Consulting,
LLC, as consultant.

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


BG MEDICINE: GE Asset Mgt. Reports 4.3% Stake as of Dec. 31
-----------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Trustees of General Electric Pension Trust and
GE Asset Management Incorporated, as Investment Manager of GEPT and
an Investment Adviser to certain other entities and accounts,
disclosed that as of Dec. 31, 2014, they beneficially owned
1,465,276 shares of common stock of BG Medicine, which represents
4.3 percent calculated based upon the 34,417,249 shares of Common
Stock issued and outstanding as of Oct. 31, 2014, as reported by
the Company in the Form 424B3 filed by the Company on Dec. 24,
2014.  A copy of the regulatory filing is available for free at
http://is.gd/82CTux

                         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.


BLANCHE ZWERDLING: Case Summary & 2 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Blanche Zwerdling Revocable Living Trust
        P.O. Box 1346
        Hallandale, FL 33008

Case No.: 15-12920

Chapter 11 Petition Date: February 20, 2015

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

Debtor's Counsel: Piotr Rapciewicz, Esq.
                  LAW OFFICE OF PIOTR RAPCIEWICZ, LLC
                  445 Brick Blvd, Suite 205
                  Brick, NJ 08723
                  Tel: 732-903-8008
                  Fax: 732-734-1981
                  Email: piotr@rapciewiczlaw.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Todd E. Trombetta, trustee.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb15-12920.pdf


BOOMERANG SYSTEMS: Reports $12.4-Mil. Net Loss for Dec. 31 Qtr.
---------------------------------------------------------------
Boomerang Systems, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $12.4 million on $1.68 million of total revenues for
the three months ended Dec. 31, 2014, compared to a net loss of
$1.84 million on $1.04 million of total revenues for the same
period a year ago.

As of Dec. 31, 2014, Boomerang had $4.77 million in total assets,
$16.2 million in total liabilities and a $11.5 million total
stockholders' deficit.

Cash and cash equivalents for the three months ended Dec. 31, 2014,
increased by $7,000 to $966,000.

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

                        http://is.gd/dmcgrF

                      About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems incurred a net loss of $11.2 million for the year
ended Sept. 30, 2013, following a net loss of $17.4 million for the
year ended Sept. 30, 2012.

                         Bankruptcy Warning

"Our operations may not generate sufficient cash to enable us to
service our debt.  If we were to fail to make any required payment
under the Loan Agreement, notes and agreements governing our
indebtedness or fail to comply with the covenants contained in the
Loan Agreement, notes and agreements, we would be in default.  A
debt default could significantly diminish the market value and
marketability of our common stock and could result in the
acceleration of the payment obligations under all or a portion of
our consolidated indebtedness, or a renegotiation of our Loan
Agreement with more onerous terms and/or additional equity
dilution.  If the debt holders were to require immediate payment,
we might not have sufficient assets to satisfy our obligations
under the Loan Agreement, notes or our other indebtedness.  It may
also enable their lenders under the Loan Agreement to foreclose on
the Company's assets and/or its ownership interests in its
subsidiaries.  In such event, we could be forced to seek
protection under bankruptcy laws, which could have a material
adverse effect on our existing contracts and our ability to
procure new contracts as well as our ability to recruit and/or
retain employees.  Accordingly, a default could have a significant
adverse effect on the market value and marketability of our common
stock," the Company said in the annual report for the year ended
Sept. 30, 2013.


CACHE INC: Meeting of Creditors Set for March 11
------------------------------------------------
The U.S. Trustee for Region 3 is set to hold a meeting of creditors
of Cache Inc. on March 11, at 11:00 a.m. (prevailing Eastern
Time).

The meeting will be held at J. Caleb Boggs Federal Building, 2nd
Floor, Room 2112, 844 King Street, in Wilmington, Delaware.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                        About CACHE Inc.

Cache, Inc., operates 236 women's apparel specialty stores under
the trade name "Cache."  On Dec. 4, 2014, New York-based Cache
announced that it has received an inquiry from a third party
regarding a potential sale of the Company.

Cache, Inc., and its two affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 15-10172) on
Feb. 4, 2015.  The case is assigned to Judge Mary F. Walrath.

The Debtors are represented by Laura Davis Jones, Esq., Peter J.
Keane, Esq., and Colin R. Robinson, Esq., at Pachulski Stang Ziehl
& Jones LLP, in Wilmington, Delaware.  The Debtors' restructuring
advisors is FTI Consulting Inc., while their investment banker and
financial advisor is Janney Montgomery Scott LLC.  Thompson Hine
represents the Debtors in corporate and securities matter, while
Jackson Lewis P.C. represents the Debtors in employment matters.

The Debtors' communications services provider is Epiq Systems,
Inc., while their noticing and claims management services provider
is Kurtzman Carson Consultants.  A&G Realty Partners, LLC, serves
as the Debtors' real estate consultants.

The Debtors had total assets of $53.7 million and total liabilities
of $51.1 million as of Sept. 27, 2014.


CACHE INC: U.S. Trustee Names Seven Members to Creditors' Committee
-------------------------------------------------------------------
Andrew R. Vara, Acting U.S. Trustee for Region 3, notified the U.S.
Bankruptcy Court for the District of Delaware that seven members
have been appointed to the Official Committee of Unsecured
Creditors in the Chapter 11 cases of Cache, Inc., and its debtor
affiliates:

The Committee members are:

   (1) Simon Property Group Inc.
       Attn: Catherine M. Martin
       225 W. Washington St.
       Indianapolis, IN 46204
       Tel: (317) 685-7263
       Fax: (317) 263-7901

   (2) GGP Limited Partnership
       Attn: Julie Minnick Bowden
       110 N. Wacker Dr.
       Chicago, IL 60606
       Tel: (312) 960-2707
       Fax: (312) 442-6374

   (3) Betsy & Adam Ltd.
       Attn: Frank Lamourt
       1400 Broadway, Ste. 602
       New York, NY 10018
       Tel: (212) 302-3750
       Fax: (212) 302-9325

   (4) KNF International Co., Ltd.
       c/o Kyung Seung Co., Ltd.
       Attn: Seunghyong Yi
       1412 Broadway, Ste. 1111
       New York, NY 10018
       Tel: (212) 768-8910

   (5) Amoseastern Apparel Inc.
       c/o Mao Liu
       Attn: Hung Mao Liu
       49 W. 38th St.
       New York, NY 10018
       Tel: (212) 730-6350
       Fax: (212) 730-6355

   (6) Taubman Landlords
       Attn: Andrew Conway
       200 E. Long Lake Rd., Ste. 300
       Bloomfield Hills, MI 48304
       Tel: (248) 258-7427
       Fax: (248) 258-7586

   (7) HCM Collective, Inc.
       d/b/a Harrison Morgan
       Attn: Guy Clark
       40 Park Ave., Ste. 17D
       New York, NY 10016
       Tel: (646) 262-3758

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Simon and GGP are also on the official
committees for recently bankrupt retailers Wet Seal Inc., Deb Shops
and Naartjie Custom Kids Inc.

                        About CACHE Inc.

Cache, Inc., operates 236 women's apparel specialty stores under
the trade name "Cache."  On Dec. 4, 2014, New York-based Cache
announced that it has received an inquiry from a third party
regarding a potential sale of the Company.

Cache, Inc., and its two affiliates sought protection under
Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 15-10172) on
Feb. 4, 2015.  The case is assigned to Judge Mary F. Walrath.

The Debtors are represented by Laura Davis Jones, Esq., Peter J.
Keane, Esq., and Colin R. Robinson, Esq., at Pachulski Stang Ziehl
& Jones LLP, in Wilmington, Delaware.  The Debtors' restructuring
advisors is FTI Consulting Inc., while their investment banker and
financial advisor is Janney Montgomery Scott LLC.  Thompson Hine
represents the Debtors in corporate and securities matter, while
Jackson Lewis P.C. represents the Debtors in employment matters.
The Debtors' communications services provider is Epiq Systems,
Inc., while their noticing and claims management services provider
is Kurtzman Carson Consultants.  A&G Realty Partners, LLC, serves
as the Debtors' real estate consultants.

The Debtors had total assets of $53.7 million and total
liabilities
of $51.1 million as of Sept. 27, 2014.


CAESARS ENTERTAINMENT: Seeks to Disband 2nd-Lien-Noteholders' Panel
-------------------------------------------------------------------
Caesars Entertainment Operating Co. has asked a bankruptcy judge in
Chicago, Illinois, to disband the official committee of holders of
second-lien notes, saying the committee is duplicative of the other
official committee appointed in the Chapter 11 case, various news
sources reported.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the holders of $5.24 billion in second-lien
notes are the Debtor's chief adversary and were the ones who filed
the involuntary petition in Delaware against the casino operator in
mid-January.  The second-lien noteholders have also sued in
Delaware and New York to set aside transactions that moved assets
out of the Caesars' operating company and terminated guarantees by
the non-bankrupt parent Caesars Entertainment Corp., the Bloomberg
report said.

Michael Bathon, writing for Bloomberg News, reported that Caesars
asked the bankruptcy judge in Chicago to either disband the
committee, combine it with a related committee of unsecured
creditors or limit how much the second-priority group can spend on
legal fees.  Because the two committees, organized by the U.S.
Justice Department's bankruptcy watchdog, have official status with
the court, Caesars must pay their expenses, which in large cases
can run into the tens of millions of dollars, the Bloomberg report
noted.

CEOC called the newly-minted bondholder committee an "unnecessary,
burdensome expense" that will only gobble up money from other
creditors while pressing doomed litigation claims, Law360 reported.
"Simply put, a second-lien committee will be burdensome to the
estate and provide no tangible benefit," CEOC said, the Law360
report cited.

Bloomberg said the disbandment request followed the second-lien
noteholders' request for the appointment of an examiner, contending
that CEOC needs an investigation by an examiner not limited to a
$10 million budget.  CEOC, itself, called for the appointment of an
examiner for a four-month investigation regarding pre-bankruptcy
transactions that are the subject of state and federal lawsuits in
New York and Delaware, but with a limited cost of no more than $10
million, Bloomberg added.  The second-lien committee responded that
the examiner should decide the "latitude" and timetable of the
investigation, Bloomberg related.

                    About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.
-- http://www.caesars.com/-- is one of the world's largest casino

companies.  Caesars casino resorts operate under the Caesars,
Bally's, Flamingo, Grand Casinos, Hilton and Paris brand names.
The Company has its corporate headquarters in Las Vegas.  Harrah's
announced its re-branding to Caesar's in mid-November 2010.  

Caesars Entertainment reported a net loss of $2.93 billion in
2013, as compared with a net loss of $1.50 billion in 2012.  The
Company's balance sheet at Sept. 30, 2014, showed $24.5 billion in
total assets, $28.2 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% 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 will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois, according to a ruling by
Delaware Bankruptcy Judge Kevin Gross.

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.


CALMARE THERAPEUTICS: Bard Assoc. Reports 9.7% Stake at Dec. 31
---------------------------------------------------------------
Bard Associates, Inc., disclosed in an amended Schedule 13G filed
with the U.S. Securities and Exchange Commission that as of Dec.
31, 2014, it beneficially owned 2,500,025 shares of common stock of
Calmare Therapeutics, which represents 9.7 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/GrFeXF

                     About Calmare Therapeutics

Calmare Therapeutics Incorporated, formerly known as Competitive
Technologies, Inc., provides distribution, patent and technology
transfer, sales and licensing services focused on the needs of its
customers and matching those requirements with commercially viable
product or technology solutions.  Sales of the Company's
Calmare(R) pain therapy medical device continue to be the major
source of revenue for the Company.

On Aug. 20, 2014, Competitive Technologies, Inc. changed its name
to Calmare Therapeutics Incorporated.

As of Sept. 30, 2014, the Company had $4.53 million in total
assets, $11.8 million in total liabilities and a $7.25 million
total shareholders' deficit.

Competitive Technologies reported a net loss of $2.67 million
in 2013 following a net loss of $3 million in 2012.

Mayer Hoffman McCann CPAs, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2013, citing that the Company has incurred operating
losses since fiscal year 2006 and has a working capital deficiency
which conditions raise substantial doubt about the Company's
ability to continue as a going concern.


CAROLYN DAVIS: Chapter 19 Filings Can't Skirt Chapter 12 Limits
---------------------------------------------------------------
The U.S. Court of Appeals for the Ninth Circuit affirmed a decision
of the Bankruptcy Appellate Panel affirming a bankruptcy court's
dismissal of a petition under Chapter 12 of the Bankruptcy Code.

The Ninth Circuit agreed with the panel, which held that the
debtor-appellant was ineligible to be a Chapter 12 debtor because
her "aggregate debts" exceeded the statutory limitation of
$3,792,650.  The panel held that the appellant's "aggregate debts"
included unsecured portions of creditors' claims, even though those
liabilities had been discharged in an earlier Chapter 7 proceeding,
because a creditor's claim remains a "debt" so long as it is
enforceable against either the debtor or the debtor's property.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, related that the woman who owned ranchland filed a Chapter 7
petition in 2010 and got a discharge, meaning that lenders with
mortgages on the land kept the secured debt for the full amount but
could no longer assert deficiency claims against the owner.  In
2011, she filed a Chapter 12 family farmer petition, listing total
debt of $4.1 million, including the previously discharged
deficiency claims, the report said.

The case is Davis v. U.S. Bank NA (In re Davis), 12-60069, U.S.
Court of Appeals for the Ninth Circuit (San Francisco).

A full-text copy of the Decision dated Feb. 17, 2015, is available
at http://bankrupt.com/misc/DAVIS0217.pdf


CONNIE STEVENS: Gets $5-Mil. Bid for Jackson, Wyoming Home
----------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that actress Connie Stevens has a $5 million offer
for her home in Jackson, Wyoming's gated Indian Springs Ranch
community.

According to the report, the $5 million lead offer for the
property, originally listed at $7.5 million, requires completion of
the sale by April 15 and is subject to higher bids at auction.  If
proposed procedures are approved at a hearing set for Feb. 24, the
auction and sale-approval hearing will take place March 25, while
competing bids would be due initially a week prior.
     
The case is In re Connie Stevens, 14-bk-21156, U.S. Bankruptcy
Court, Central District of California (Los Angeles).


CUBIC ENERGY: Posts $10.7 Million Net Income for Second Quarter
---------------------------------------------------------------
Cubic Energy, Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
attributable to common stockholders of $10.7 million on $3.61
million of total revenues for the three months ended Dec. 31, 2014,
compared to net income attributable to common stockholders of $15.4
million on $4.75 million of total revenues for the same period in
2013.

For the six months ended Dec. 31, 2014, the Company reported net
income attributable to common stockholders of $9.74 million on
$7.72 million of total revenues compared to net income attributable
to common stockholders of $10.6 million on $5.62 million of total
revenues for the same period a year ago.

As of Dec. 31, 2014, Cubic Energy had $120 million in total assets,
$111 million in total liabilities, $988 in redeemable preferred
stock and $8.87 million in total stockholders' equity.

At Dec. 31, 2014, the Company had a working capital deficit of
$87.6 million, an increase from its working capital deficit of
$73.0 million as of June 30, 2014.  The increase in the Company's
working capital deficit is primarily attributable to an increase in
its borrowings, which are classified as current due to its
financial condition.

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

                        http://is.gd/TrGcxh

                         About Cubic Energy

Cubic Energy, Inc., headquartered in Dallas, Texas, is an
independent upstream energy company engaged in the development and
production of, and exploration for, crude oil and natural gas.
Its oil and gas assets and activities are concentrated in
Louisiana.

BDO USA, LLP, in Dallas, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended June 30, 2014.  The independent accounting firm noted
that the Company has suffered recurring losses from operations,
has violated covenants of its debt agreements, has a working
capital deficit and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going
concern.

The Company reported net income of $9.11 million on $15.9 million
of total revenues for the fiscal year ended June 30, 2014, compared
with a net loss of $5.93 million on $3.84 million of total revenues
last year.


DEAN FOODS: Fitch Assigns 'BB-' Rating on $700MM Sr. Unsec. Notes
-----------------------------------------------------------------
Fitch Ratings has assigned a 'BB-' rating to Dean Foods Co.'s
(Dean; NYSE: DF) $700 million 6.50% senior unsecured notes due
2023.

Dean plans to utilize the net proceeds to repay its $475.8 million
7.0% notes due in 2016 plus the estimated make-whole and interest
for a total of $520.8 million.  The proceeds will also go toward
the repayment of its $70.3 million senior secured revolver balance
and a portion of $235.0 million outstanding on its
receivables-backed facility.  Fitch believes there will be a minor
uptick in leverage of 0.1x - 0.2x due to associated fees and
expenses related to this transaction.  The indenture and covenants
will be substantially similar to the existing 2016 notes.  The new
notes will be guaranteed by Dean's material, wholly owned U.S.
subsidiaries except receivables securitization subsidiaries.  The
notes will have a change of control provision at 101 and will not
have financial covenants.

The Rating Outlook remains Negative.

KEY RATING DRIVERS

Limited Diversification, Earnings Volatility, Low Margins: Dean's
operations largely consist of processing and marketing fresh fluid
milk, which represented 73% of Dean's product mix during 2014. Dean
also produces ice cream, cultured dairy products, juices, and teas.
Ratings consider the fundamental challenges faced by the fluid
milk industry, which has significant excess capacity, volume
declines, and high levels of competition.  The dairy industry also
remains highly sensitive to volatile raw milk prices.  Fitch
factors Dean's historical success at reducing costs into the
ratings, and views the continued rationalization of processing
operations as necessary given excess capacity and declining demand.
Dean's current ratings incorporate Fitch's view that the company's
normalized EBITDA margin is in the low to mid-single-digit range,
and earnings and cash flow exhibit volatility.

Class I Milk Prices Finally Declining: Dean's challenges include
category volume declines that have accelerated recently to
approximately the 4% level from 2% historically, record high milk
prices and elevated per unit costs due to capacity reductions
lagging lower volumes.  Prices for Base Class I milk rose to record
levels during 2014, up 24% year over year to an average of
$23.29/cwt.  Strong global demand for whole milk powder,
particularly in the Chinese market, along with production
shortfalls in key regions, were drivers of the elevated global milk
prices.  Class I prices have fallen substantially in 2015, down 34%
year over year to $15.56/cwt for March.  After a significant lag,
prices are finally reflecting that global milk production has
improved and international dairy prices have fallen.

EBITDA Declines, FCF Reflects Lower Earnings: Fitch has brought
down its EBITDA expectations for Dean but still anticipates Dean
can generate more than $300 million EBITDA during most years.  In
2014 EBITDA was well below this level at approximately $200
million, due to the record high input costs mentioned above that
were passed through on a lagged basis and not fully passed on due
to volume declines and Dean's concerns about not exceeding certain
retail price points.  There is still a lack of earnings visibility
beyond the very near term.  Given substantially lower earnings,
Dean's reported cash flow from operations less capital expenditures
was $4 million in 2014.  Adjusting for non-recurring items, cash
flow from operations less capital expenditures was $25 million.
However, Fitch's definition of FCF (cash flow from operations less
capital expenditures and dividends) factors in Dean's recently
initiated $26.2 million annual dividend.  Fitch believes Dean can
generate FCF of at least $50 million to $100 million in a normal
environment.

Negative Outlook Driven by High Current Leverage: The Negative
Outlook reflects Dean's currently high leverage for the rating
level.  In addition FCF was impacted by weak earnings, as mentioned
above.  The timing and magnitude of earnings and FCF improvement
will be keys to determining if Dean can return to sustainable
leverage appropriate for the current ratings.  Fitch's view is that
Dean can reduce leverage and generate FCF improvement after 2014,
driven by recent moderation in milk input costs.  Per Fitch, total
debt to EBITDA was 4.6x for the latest 12 months ended Dec. 31,
2014, funds from operations (FFO) adjusted leverage was 5.2x, and
operating EBITDA to gross interest expense was 3.3x. Due to Dean's
high level of operating leases as a stand-alone company, total
adjusted debt to operating EBITDAR is also an important leverage
metric, which was 5.8x for the latest 12 months.  Leases are
primarily for machinery, equipment and vehicles, including Dean's
distribution fleet.

In Compliance with Covenants: Dean's total net leverage ratio for
its secured credit facility and accounts receivable securitization
facility were 5.25x for the third and fourth quarter of 2014, and
will be 5.00x for the first quarter of 2015, 4.50x for the second
quarter of 2015, and 4.00x in the third quarter of 2015 and
thereafter.  Dean was in compliance with the net leverage covenant
at December 31, 2014 at 4.48x.  Dean also has a maximum senior
secured net leverage ratio of 2.50x, which Fitch believes will have
ample cushion.

Good Liquidity for Volatile Industry: At Dec. 31, 2014, Dean's
liquidity is supported by $16.4 million cash and $830.9 million
available on the company's credit facilities, which include a $750
million secured revolver expiring July 2, 2018 and a $550 million
accounts-receivable securitization facility through June 12, 2017.
Included in the availability above, there was $679.7 million
available under the revolver and $151.2 million remaining available
borrowing capacity under the receivables facility.  After the
anticipated refinancing of the 2016 notes mentioned above, the
company's next long term maturity is $142 million 6.90% subsidiary
notes due in October 2017.

KEY ASSUMPTIONS

   -- Improving operating performance resulting from lagging pass-
      through of lower milk input costs, and continuing
      realization of cost savings from recent plant closures.

   -- Base case factors in leverage improvement so that covenant
      leverage stays below maximums outlined above.

   -- Positive FCF, as defined by Fitch, reflecting improving
      earnings.

   -- 25% decline in base Class I milk prices for the first
      quarter of 2015 compared to the first quarter of 2014, and
      anticipated year over year input cost declines throughout
      the year.

   -- Cautious outlook on the pace of dairy category volume
      declines and Dean's ability to effectively manage its
      branded price gap to private label milk in a declining input

      cost environment.

RATING SENSITIVITIES

Future developments that may, individually or collectively, lead to
a negative rating action include:

   -- Total debt-to-operating EBITDA sustained above the 3.5x
      range, which equates to total adjusted debt to operating
      EBITDAR above the 4.5x range, due to a material increase in
      debt and/or a prolonged period of EBITDA declines.

   -- Expectations for multiple years of minimal or negative FCF,
      per the Fitch definition, due to weak operating earnings and

      sustained acceleration of volume declines driven by a
      contraction in milk consumption and/or loss a major customer

      would also support negative rating actions.

Future developments that may, individually or collectively, lead to
a positive rating action include:

   -- A positive rating action is not anticipated in the near-to
      intermediate term, and any positive rating action is likely
      to be limited to within the 'BB' category;

   -- Total debt-to-operating EBITDA consistently in the low 2.0x
      range, which equates to total adjusted debt to operating
      EBITDAR consistently in the low 3.0x range, due to
      materially higher EBITDA and/or stable-to-declining debt
      levels could lead to a positive rating action;

   -- Sustainable annual FCF, per Fitch, of approximately $100
      million or greater, elimination of additional fixed costs,
      absence of significant volume declines and the maintenance
      of market share would also be required for further upgrades;

Fitch's ratings for Dean and Dean Holdings are:

Dean Foods Company (Parent)
   -- Long-term Issuer Default Rating (IDR) 'BB-';
   -- Secured bank credit facility 'BB+';
   -- Senior unsecured notes 'BB-'.

Dean Holding Company (Operating Subsidiary)
   -- Long-term IDR 'BB-';
   -- Senior unsecured notes 'BB-'.

As stated above, the Rating Outlook remains Negative.



DUBLIN SCHOOL: S&P Lowers Rating on GO Debt Outstanding to 'BB+'
----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its underlying rating on
Dublin School District, Ga.'s general obligation (GO) debt
outstanding to 'BB+' from 'BBB'.  At the same time, Standard &
Poor's lowered its appropriation rating on the lease revenue bonds
to 'BB' from 'BBB-' issued by Dublin City and Laurens County
Development Authority for the district.  The outlook on both
ratings is stable.

"The downgrade reflects our opinion of the district's structurally
imbalanced operations, failure to carry out its deficit elimination
plan according to the original timeline, weak liquidity position,
and exposure to adverse economic conditions that could lead to
inadequate capacity to meet its financial commitment," said
Standard & Poor's credit analyst Apple Lo.  

The stable outlook on the ratings reflects the risks related to
Dublin School District's credit profile, including the district's
exposure to what S&P deems to be non-remote contingent liability
risk related to the district's bank loan.  The district has about
$700,000 of a bank loan outstanding that contains certain events of
default, including a material adverse change clause, what S&P deems
permissive and that, if triggered, could result in immediate
principal acceleration.  The loan matures at the end of March 2015
and the district is confident about paying off the amount before
the end of February on the receipt of property tax revenues.  

Standard & Poor's also affirmed its 'AA+' program rating, and
stable outlook, on the district's existing GO bonds.

The 'AA+' program rating reflects what S&P views as:

   -- The district's participation in Georgia's voluntary state
      aid intercept program;

   -- The district's pledge of special purpose local option sales
      tax (SPLOST); and

   -- Added enhancements to the authorizing bond resolution.

The 'BB+' underlying rating reflects what S&P considers the
district's:

   -- Structurally imbalanced operations and negative fund balance

      for at least four consecutive years;

   -- Management's inability to implement credible solutions to
      balance its budget as the unaudited results for fiscal 2013
      was $1.5 million worse than projection;

   -- Historical reliance on tax anticipation notes (TANs) to meet

      its cash flow needs that we expect to continue; and

   -- Limited revenue-raising flexibility, with its operation and
      maintenance (O&M) tax rate at 19.705 mills.

The GO bonds are secured by the district's full faith and credit.
Debt service on the bonds is payable first from the SPLOST then
from unlimited ad valorem property taxes.  The lease revenue bonds
are special, limited obligations of the issuer secured by the
revenues derived under the lease, sublease, and the loan agreement.
Although the payments are not subject to annual appropriation,
given the district's limited revenue-raising flexibility to cover
its annual lease payment, the debt is rated one notch below the
underlying rating.

The stable outlook on the district's underlying and appropriation
ratings reflects Standard & Poor's view of the district's weak
liquidity position and structurally imbalanced operations, coupled
with the district's limited abilities in raising revenues and
reducing expenditures.  Standard & Poor's could lower its rating
further if the provisions related to the district's short-term
borrowings cause a liquidity crunch for the district.  Credit
improvements depend on the district's ability to demonstrate a
track record of achieving structurally balanced operations and
resolving its non-remote contingent liquidity risk.

The stable outlook on the program rating reflects what S&P views as
the strength of Georgia's state aid intercept structure.



DYNASIL CORP: Incurs $557,000 Net Loss in Dec. 31 Quarter
---------------------------------------------------------
Dynasil Corporation of America filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $557,000 on $9.61 million of net revenue for the three
months ended Dec. 31, 2014, compared to net income of $1.44 million
on $10.7 million of net revenue for the same period in 2013.

As of Dec. 31, 2014, Dynasil corp had $25.5 million in total
assets, $11.5 million in total liabilities and $13.9 million in
total stockholders' equity.

Net cash as of Dec. 31, 2014, was $2.5 million or approximately
$1.3 million less than the net cash of $3.8 million at Sept. 30,
2014.

As of Dec. 31, 2014, the Company was in compliance with the terms
of all its outstanding indebtedness which consisted of $2.4 million
of senior debt borrowed under a revolving line of credit with
Middlesex Savings Bank and $3 million of subordinated debt owed to
Massachusetts Capital Resources Company.  The Company has $1.3
million of additional availability under its Middlesex Savings Bank
line of credit based on its collateral calculations as of Dec. 31,
2014.

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

                        http://is.gd/SeXrr3

                           About Dynasil

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

Dynasil Corp reported net income attributable to common
stockholders of $2.07 million for the year ended Sept. 30, 2014,
compared to a net loss attributable to common stockholders of $8.72
million for the year ended Sept. 30, 2013.


ELBIT IMAGING: Announces Results of Extraordinary Meeting
---------------------------------------------------------
Elbit Imaging Ltd. disclosed that at the extraordinary general
meeting of shareholders of its approximately 77% holding subsidiary
Bucuresti Turism S.A., which shares are traded on RASDAQ market,
that took place on Feb. 18, 2015, it was resolved, amongst other
things, that BUTU will not take the necessary legal actions for the
shares issued by it to be admitted for trading on a regulated
market or to be listed on an alternate trading system. The
Company's subsidiary which is the direct owner of the shares in
BUTU voted in favor of the above resolution.  BUTU is the owner of
the hotel complex known as the "Radisson Blu" in Bucharest,
Romania.

To the best knowledge of the Company, according to Romanian law, as
a result of the aforementioned resolution BUTU's shares will be
delisted and the shareholders of BUTU who have not voted in favor
of the aforementioned resolution will be entitled to withdraw from
BUTU, in consideration for a price to be paid by BUTU as determined
by an independent certified expert in accordance with the
provisions of the Romanian law and regulations.

                       About Elbit Imaging

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
hold investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Since February 2013, Elbit has intensively endeavored to come to
an arrangement with its creditors.  Elbit has said it has been
hanging by a thread for more than five months.  It has encountered
cash flow difficulties and this burdens its day to day activities,
and it certainly cannot make the necessary investments to improve
its assets.  In light of the arrangement proceedings, and
according to the demands of most of the bondholders, as well as an
agreement that was signed on March 19, 2013, between Elbit and the
Trustees of six out of eight series of bonds, Elbit is prohibited,
inter alia, from paying off its debts to the financial creditors
-- and as a result a petition to liquidate Elbit was filed, and
Bank Hapoalim has declared its debts immediately payable,
threatening to realize pledges that were given to the Bank on
material assets of the Company -- and Elbit undertook not to sell
material assets of the Company and not to perform any transaction
that is not during its ordinary course of business without giving
an advance notice to the trustees.

Accountant Rony Elroy has been appointed as expert for examining
the debt arrangement in the Company.

In July 2013, Elbit Imaging's controlling shareholders, Europe-
Israel MMS Ltd. and Mr. Mordechay Zisser, notified the Company
that the Tel Aviv District Court has appointed Adv. Giroa Erdinast
as a receiver with regards to the ordinary shares of the Company
held by Europe Israel securing Europe Israel's obligations under
its loan agreement with Bank Hapoalim B.M.  The judgment stated
that the Receiver is not authorized to sell the Company's shares
at this stage.  Following a request of Europe-Israel, the Court
also delayed any action to be taken with regards to the sale of
those shares for a period of 60 days.  Europe Israel and
Mr. Zisser have also notified the Company that they utterly reject
the Bank's claims and intend to appeal the Court's ruling.

Elbit Imaging reported a loss of NIS1.56 billion on
NIS361 million of total revenues for the year ended Dec. 31,
2013, as compared with a loss of NIS484 million on NIS418
million of total revenues in 2012.

As of June 30, 2014, the Company had NIS4.05 billion in total
assets, NIS3.16 billion in total liabilities and NIS890 million
shareholders' equity.

Brightman Almagor Zohar & Co., a member firm of Deloitte Touche
Tohmatsu, in Tel-Aviv, Israel, issued a "going concern"
qualification on the Company's consolidated financial statements
for the year ended Dec. 31, 2013.


ELITE PHARMACEUTICALS: Posts $21MM Net Income in Dec. 31 Qtr.
-------------------------------------------------------------
Elite Pharmaceuticals, Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income attributable to common shareholders of $21.01 million
on $1.36 million of total revenues for the three months ended Dec.
31, 2014, compared to a net loss attributable to common
shareholders of $1.06 million on $1.69 million of total revenues
for the same period in 2013.

For the nine months ended Dec. 31, 2014, the Company reported net
income attributable to common shareholders of $38.0 million on
$3.78 million of total revenues compared to a net loss attributable
to common shareholders of $9.77 million on $3.57 million of total
revenues for the same period a year ago.

As of Dec. 31, 2014, Elite Pharmaceuticals had $25.7 million in
total assets, $56.2 million in total liabilities and a $30.53
million total stockholders' deficit.

As of Dec. 31, 2014, the Company had cash on hand of $8.3 million
and a working capital surplus of $8.8 million.

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

                        http://is.gd/WNsAmm

                    About Elite Pharmaceuticals

Northvale, New Jersey-based Elite Pharmaceuticals, Inc., is a
specialty pharmaceutical company principally engaged in the
development and manufacture of oral, controlled-release products,
using proprietary technology and the development and manufacture
of generic pharmaceuticals.  The Company has one product,
Phentermine 37.5mg tablets, currently being sold commercially.

Elite Pharmaceuticals disclosed a net loss attributable to common
shareholders of $96.6 million on $4.60 million of total revenues
for the year ended March 31, 2014, as compared with net income
attributable to common shareholders of $1.48 million on $3.40
million of total revenues for the year ended March 31, 2013.


EMPIRE RANCH: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Empire Ranch Golf Course, LLC
        1885 E. Long Street
        Carson City, NV 89706

Case No.: 15-50211

Chapter 11 Petition Date: February 20, 2015

Court: United States Bankruptcy Court
       District of Nevada (Reno)

Judge: Hon. Bruce T. Beesley

Debtor's Counsel: Kevin A. Darby, Esq.
                  DARBY LAW PRACTICE, LTD.
                  4777 Caughlin Pkwy
                  Reno, NV 89519
                  Tel: (775) 322-1237
                  Fax: (775) 996-7290
                  Email: kevin@darbylawpractice.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Dwight C. Millard, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nvb15-50211.pdf


ENDICOTT INTERCONNECT: Confirms Liquidating Chapter 11 Plan
-----------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the bankruptcy judge in Utica, New York, on
Feb. 13, 2015, signed an order confirming Endicott Interconnect
Technologies Inc.'s Chapter 11 liquidating plan.

As reported in the TCR on May 13, 2014, EIT on Dec. 23, 2013,
filed
its Liquidation Plan and proposed disclosure statement.  The
accompanying disclosure materials had unsecured creditors getting
an estimated recovery of 1% to 2% on about $35 million in claims.
The initial hearing to consider approval of the Disclosure
Statement was held on Feb. 27, 2014.  Since that time, the
Debtors'
counsel has worked with the Office of the U.S. Trustee and the
Official Committee of Unsecured Creditors to resolve their
objections to the Disclosure Statement.  In addition, the Debtors
are working to resolve certain priority and general unsecured
claims that will impact the overall distribution to creditors in
the Chapter 11 cases.

                   About Endicott Interconnect

Endicott Interconnect Technologies, Inc., and its affiliates filed
a Chapter 11 petition (Bankr. N.D.N.Y. Case No. 13-61156) in
Utica, New York, on July 10, 2013, to sell the business before
cash runs out by the end of September.  David W. Van Rossum is the
Debtors' sole officer.  Bond, Schoeneck & King, PLLC, is counsel
to the Debtor.

Based in Endicott, New York, and formed in 2002, EIT is the
successor to the microelectronics division of IBM Corp.  The
products are used in aerospace, defense and medication
applications, among others.

The Company sought Chapter 11 bankruptcy protection after
suffering $100 million in operating losses in the last four years.
In addition to $16 million in secured claims, trade suppliers are
owed $34 million.  There is another $32 million owing for loans
made by shareholders.  The Company said the book value of property
is $36 million.

An official committee of unsecured creditors has been appointed in
the case with Avnet Electronics Marketing, Arrow Electronics,
Inc., Acbel Polytech, Inc., Cadence Design Systems, Inc.,
Orbotech, Inc., Tyco Electronics, and High Performance Copper
Foil, Inc. as members.  The committee is represented by Arent Fox
LLP.

The official creditors' committee said there could be $20.8
million in claims to bring against insiders.  In August 2013, the
judge authorized the committee to conduct an investigation of the
insiders.


ENERGY FUTURE: Fee Committee Retains PG&S as Delaware Counsel
-------------------------------------------------------------
The U.S. Bankruptcy Court authorized the fee committee to retain
Phillips Goldman & Spence, P.A., as Delaware counsel, nunc pro tunc
to Nov. 21, 2014.

PG&S will make reasonable effort to comply with the U.S. Trustee's
requests for information and additional disclosures as set forth in
the U.S. Trustee's guidelines.

Stephen W. Spence, a shareholder of the PG&S, told the Court that
the firm is a "disinterested person" as that term is defined in
Section 101(14) of the Bankruptcy Code.

                       About Energy Future

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

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

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

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

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

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

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

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

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



ENERGY TRANSFER: Fitch Rates $500MM Secured Term Loan 'BB+'
-----------------------------------------------------------
Fitch rates Energy Transfer Equity, L.P.'s (ETE) $500 million
secured term loan offering due Dec. 2, 2019 'BB+'.  The loan will
have similar terms and be pari passu with ETE's secured revolver
and existing $1.4 billion term loan.   ETE's Issuer Default Rating
(IDR) is 'BB' and the Rating Outlook is Stable.  ETE will use the
term loan proceeds to repay borrowings under its revolving credit
facility, to help fund the Bakken pipeline project transaction, and
for general partnership purposes.

ETE currently owns the general partner (GP) and incentive
distribution rights and approximately 30.8 million Energy Transfer
Partners, L.P. (ETP; IDR 'BBB-' with a Stable Outlook) limited
partner (LP) units, and 50.2 million ETP Class H units, which track
50% of the underlying economics of the GP and incentive
distributions of Sunoco Logistics Partners L.P. (SXL; IDR 'BBB'
with a Stable Outlook).  ETE also owns the GP interest, incentive
distribution rights and 57.2 million Regency Energy Partners LP
(RGP; IDR 'BB', Rating Watch Positive) limited partnership units.

In December 2014, ETE and ETP announced the final terms of a
transaction whereby ETE will transfer 30.8 million ETP Common
Units, ETE's 45% interest in the Dakota Access Pipeline and Energy
Transfer Crude Oil Pipeline (Bakken pipeline project), and $879
million in cash (less amounts funded prior to closing by ETE for
capital expenditures for the Bakken pipeline project) in exchange
for 30.8 million newly issued Class H Units of ETP that, when
combined with the 50.2 million previously issued Class H Units,
generally entitle ETE to receive 90.05% of the cash distributions
and other economic attributes of the general partner interest and
IDRs of SXL.  In addition, ETE and ETP agreed to reduce the
incentive distribution rights subsidies that ETE previously agreed
to provide to ETP, in 2015 and 2016.  The transaction is expected
to close in March 2015.

In January 2015, ETP and RGP announced their entry into a
definitive merger agreement pursuant to which ETP will acquire RGP.
The transaction is expected to close in the second quarter of
2015.

KEY RATING DRIVERS

Increased Scale and Diversity: Recent and ongoing mergers and
growth projects at and among ETE's subsidiaries have resulted in a
larger, more diversified, and generally stronger family of Energy
Transfer companies.  On a consolidated basis, the percentage of
contractually supported fee-based margins has gradually increased.
The recently announced merger between ETP and RGP should provide
ETE with increased cash flows driven by expected synergies and
improved returns on growth projects previously planned at RGP.
Additionally, ETE should benefit somewhat from a simplification of
its organizational structure and slightly improved credit profile
of its subsidiaries though it remains structurally subordinate to a
significant amount of subsidiary debt.  With the Bakken pipeline
project transaction, ETE will benefit from its increased interest
in SXL's incentive distributions given SXL's strong growth
prospects.

Leverage Metrics: ETE's adjusted debt-EBITDA, which measures ETE
parent company debt against distributions it receives from its
affiliates, approximated 4.3x at the end of 2014.  Standalone
leverage at ETE is expected to be maintained in the 3.0x to 4.0x
range on a sustained basis.  A material weakening in leverage
metrics beyond 4.5x could result in a negative rating action. ETE's
board recently authorized the repurchase by ETE of up to $2 billion
of its common units at its discretion. Fitch expects ETE to use
revolver drawdowns and issue new debt to fund any repurchases.

Liquidity is Adequate: ETE has access to a $1.5 billion secured
five-year revolving credit facility that matures in October 2018.
ETE's operating affiliates have significant operating flexibility
with adequate liquidity and the ability to fund their planned
growth with capital market transactions.  Potential uses of the
revolver include: funding stock buybacks, future acquisitions, and
to initiate organic growth projects not financed at the MLPs.  ETE
has no debt maturing until 2018.  Approximately $940 million was
drawn under the revolver as of year-end 2014.  The revolver
capacity was increased to $1.5 billion (from $1.2 billion) in
February 2015.

The ETE revolver and term loans have two financial covenants: a
maximum leverage ratio of 6.0 to 1.0; 7.0 to 1.0 during a specified
acquisition period and fixed charge coverage ratio of 1.5 to 1.0.
ETE notes, term loan and credit facility are secured by a first
priority interest in all tangible and intangible assets of ETE,
including its ownership interests in ETP, RGP, and TLNG.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

   -- ETE parent company debt to EBITDA maintained below 1.5x;

   -- Improving credit profiles at ETP.

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:

   -- Increasing ETE parent company leverage above 4.5x;

   -- Weakening credit profiles at ETP.



ENERGY TRANSFER: Moody's Assigns Ba2 Rating on New $500MM Sr Loan
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to Energy Transfer
Equity, L.P.'s proposed offering of a new $500 million senior
secured term loan due 2019.  The Ba2 Corporate Family Rating,
Ba2-PD Probability of Default Rating, SGL-3 Speculative Grade
Liquidity Rating and stable outlook are not affected by this
action.

Proceeds of the offering will be used to repay outstandings under
ETE's revolving credit facility and for other corporate purposes.
The term loan will be secured by the same collateral that secures
ETE's existing $1.4 billion term loan facility, a first-priority
lien on substantially all of ETE's tangible and intangible assets,
comprised principally of its equity interests in its subsidiaries,
and will rank pari passu with ETE's existing term loan, its
revolving credit facility and its senior secured notes.

"Moody's views this term loan offering essentially as a means of
building financial flexibility ahead of a transaction between it
and Energy Transfer Partners, L.P. (ETP, Baa3 stable) which will
transfer ETE's interest in its Bakken pipeline project in exchange
for additional ETP Class H Units," commented Andrew Brooks, Moody's
Vice President. "Neither the transaction itself nor the proposed
term loan offering will materially impact ETE's debt leverage on
either a stand-alone or fully consolidated basis."

Issuer: Energy Transfer Equity, L.P.

   -- Senior Secured Bank Credit Facility (Local Currency) 2019,
      Assigned Ba2, LGD4

ETE's senior secured Ba2 rating is equal to its Ba2 CFR. There are
no upstream or downstream debt guarantees between ETE and its
subsidiary holdings.  ETE's Ba2 CFR, notes and term loan ratings
reflect its stand-alone credit assessment as well as an analysis
under Moody's Loss Given Default methodology, which essentially
views ETE level debt as holding company debt structurally
subordinated to debt at its operating subsidiaries.

The Ba2 CFR is a function of the consolidated credit quality of ETE
across its portfolio holdings as well as ETE on a stand-alone
basis.  The rating recognizes the extensive size and scope of ETE's
indirectly held midstream asset base, but is cognizant of its
aggressive growth policies and the organizational complexity of its
partnership structure.  The rating is also heavily influenced by
ETP's Baa3 rating in recognition of the approximate 74% of ETE's
cash flow, pro forma for ETP's pending acquisition of Regency
Energy Partners LP (RGP, Ba2 RUR-Up), which is derived through
distributions received from ETP.  Debt at ETE is structurally
subordinated to approximately $27.5 billion of outstanding debt at
ETP, RGP and their respective subsidiaries and holdings, whose cash
distributions to ETE are residual to their own substantial
operating and debt service requirements.  ETE's stand-alone debt
leverage approximates 4x while debt leverage on a fully
consolidated basis approximates 5.5x, levels that will remain
largely unchanged pro forma for the proposed term loan offering.

ETE's liquidity is adequate and its day-to-day liquidity needs are
not significant, since it is essentially a flow-through partnership
entity with limited administrative overhead, receiving cash
distributions and paying out its own LP distributions of
substantially all its cash on hand.  On February 10, ETE amended
and upsized is secured revolving credit facility to $1.5 billion,
under which $570 million was outstanding as of December 31.  The
revolver contains covenants governing ETE's stand-alone and
consolidated leverage metrics, allowing for an adjusted run rate
EBITDA reflecting major project investments. ETE has no capital
spending requirements.  All subsidiaries are financed with
subsidiary level debt facilities and aside from the potential to
provide capital with new equity or temporarily relinquishing a
portion of its IDR proceeds, ETE has no obligation to provide
liquidity to its subsidiaries.

ETE's stable outlook reflects the strong cash distribution streams
derived largely from ETP, and the quality of its respective assets,
as well as the prospects for added diversification to cash flow as
ETE grows its asset base.  A ratings upgrade could be considered if
ETP's Baa3 rating was upgraded, if overall structural complexity
was meaningfully reduced or if there is a reduction in consolidated
debt leverage.  ETE's ratings could be downgraded should
consolidated leverage increase on a permanent basis to over 6x
EBITDA.  Weakness in ETP's credit profile could pressure ETE's
rating, while a downgrade of ETP's Baa3 rating would prompt an ETE
rating downgrade.  Furthermore, should cash distributions to ETE
become compromised through higher leverage or weakness in
distributable cash flows at partnership and subsidiary levels,
ratings could be downgraded.

The principal methodology used in this rating was Global Midstream
Energy published in December 2010. Other methodologies used include
Loss Given Default for Speculative-Grade Non-Financial Companies in
the U.S., Canada and EMEA published in June 2009.

Energy Transfer Equity, L.P. headquartered in Dallas, Texas, is the
general partner of Energy Transfer Partners, L.P. and Regency
Energy Partners LP.


FAIRFAX FINANCIAL: Moody's Affirms Ba2(hyb) Preferred Stock Rating
------------------------------------------------------------------
Moody's Investors Service affirmed the Baa3 senior debt rating and
Ba2 (hyb) preferred stock rating of Fairfax Financial Holdings
Limited (Fairfax; TSX: FFH) following the company's announcement
that it has entered into an agreement to acquire a majority
interest in Brit PLC, a London-based specialty property and
casualty insurer and reinsurer.  The outlook for the ratings is
stable.

Fairfax has agreed to acquire Brit for GBP1.2 billion (US$1.88
billion) which represents a premium of 11.2% to the closing price
of 274.2 pence per Brit Share on Feb. 16, 2015.  Fairfax intends to
partially fund the acquisition through the recent CAD650 million
equity issuance, CAD200 million preferred share offering, and
CAD300 million senior notes issuance.  The transaction is subject
to customary closing conditions, including the approval of the
Prudential Regulation Authority in the UK, Lloyd's of London and
the Financial Services Commission of Gibraltar.

"The proposed transaction has strategic benefits for Fairfax as it
would enhance the company's business and geographic diversification
giving Fairfax a larger position within the Lloyd's of London
market place", said Jason Mercer, Moody's lead analyst for Fairfax.
The acquisition also expands the group's distribution network and
adds to its worldwide specialty operations. Brit has a good track
record in terms of underwriting and operating profitability,
although performance has been slightly below the Lloyd's market
average.  Moody's also noted that consistent with a London Market
profile, Brit's product risk is generally higher than standard
commercial coverages given larger gross policy limits and more
difficult to model account portfolios.  Fairfax uses a
decentralized approach to manage its insurance operations and
Brit's management team is expected to remain in place thereby
lowering integration risk.

The rating agency views the expected financing arrangement as
reasonably in line with the company's current capital structure,
resulting in modestly higher financial leverage metrics
post-transaction.  As of Dec. 31, 2014, Fairfax's financial
leverage was approximately 32.4%.  While the transaction will
marginally increase Fairfax's leverage, the group's overall credit
profile improves incrementally given increased business
diversification.

Fairfax's ratings reflects the group's diversified revenue stream
by product and geography, a well established market position in
reinsurance (via Odyssey Re Holdings Corp., Baa3 senior, stable),
and a high level of cash and marketable investments at the
parent-company level.  Several credit challenges remain significant
to the rating, including weak profitability, exposure to
catastrophe risks, volatility associated with long-tail casualty
business, a high level of common stock investments and risks
associated with Fairfax's investment strategy.  Key man risk and
management succession is also a consideration given the
instrumental role played by CEO Prem Watsa in Fairfax's strategic
direction, investment philosophy and corporate culture.

Factors that could lead to an upgrade of Fairfax's ratings: 1)
adjusted financial leverage consistently less than 30% and earnings
coverage consistently above 4x; 2) aggregate combined ratios
consistently less than 100%; and 3) an upgrade of the standalone
credit profile of the company's lead operating P&C and reinsurance
companies.

Factors that could lead to a downgrade of the ratings: 1)
substantial reduction of holding company liquidity to less than
$750 million (or less than 3x coverage of fixed charges); 2)
adjusted financial leverage consistently above 35% and earnings
coverage consistently less than 2x; 3) a return on capital in the
low single digits range for a sustained period; 4) significant
adverse reserve development (greater than 2% of net reserves);
and/or 5) a downgrade of the standalone credit profile of the
company's lead operating P&C and reinsurance companies.  A material
expansion of the group's investments in stressed or turnaround
assets as a proportion of shareholder's equity could also lead to
downward pressure on the rating.

The following ratings have been affirmed with stable outlook:

Issuer: Fairfax Financial Holdings Limited - senior unsecured at
Baa3; preferred stock at Ba2 (hyb); multiple seniority shelf at
(P)Baa3 for senior unsecured, (P)Ba1 for subordinated debt, and
(P)Ba2 for preferred stock.

Fairfax Financial Holdings Limited is headquartered in Toronto,
Canada.  For 2014, Fairfax reported net premiums written of $6.3
billion and net income of $1.7 billion.  As of Dec. 31, 2014,
shareholders' equity was $9.7 billion.

The methodologies used in these ratings were Global Property and
Casualty Insurers published in August 2014, and Global Reinsurers
published in October 2014.


FAMILY CHRISTIAN: Seeks to Employ Brookwood as Investment Banker
----------------------------------------------------------------
Family Christian, LLC, et al., seek authority to employ Brookwood
Associates, L.L.C., to act as its exclusive investment banker in
connection with a sale of all or a significant portion of the their
assets and to perform these services:

   (a) Assist in the preparation of a confidential information
memorandum setting forth information describing the Debtors'
business as well as related presentation materials for distribution
to potential lenders, investors or purchasers;

   (b) Set up a virtual data room to hold, distribute and monitor
due diligence information;

   (c) Identify and contact potential investors or purchasers for
the Transaction on a confidential basis;

   (d) Attend appropriate meetings with potential investors and/or
lenders and assist in the analysis of offers and with negotiation
of the terms and structure of the Transaction, including providing
valuation analyses as appropriate;

   (e) Advise and attend meetings of the Debtors' Board of
Managers, creditor groups, official constituencies and other
interested parties, as the Debtors and Brookwood determine to be
necessary or desirable;

   (f) Provide expert testimony in connection with the Debtors'
Chapter 11 cases with respect to the services provided by
Brookwood; and

   (g) Provide other support as may be reasonably requested by the
Debtors or their counsel that fall within Brookwood's expertise,
experience and capabilities that are mutually agreeable.

Brookwood will be compensated for the services, subject to Court
approval, through this structure:

   (a) an upfront, non-refundable advisory fee in the amount of
$75,000;

   (b) as long as the engagement of Brookwood has not terminated,
the Debtors will pay Brookwood a monthly fee of $50,000 per month,
starting March 15, 2015, and payable in advance on each monthly
anniversary thereafter;

   (c) Upon consummation of a Transaction, the Company will pay to
Brookwood a transaction fee in an amount equal to:

       (i) 10% of the net cash proceeds received by the Company
upon consummation of a Transaction that exceed $28,000,000, by any
bidder; or

      (ii) If the net cash proceeds received by the Company upon
consummation of a Transaction is equal to or less than $28,000,000
and is from a third party unrelated to the Stalking Horse Bidder,
1% of those net proceeds;

In addition, the Debtors will reimburse Brookwood, on a monthly
basis, for all reasonable travel and other documented out-of-pocket
expenses incurred in connection with Brookwood's role; provided
that those expenses will not exceed $25,000 without prior approval
by the Company, that approval not to be unreasonably withheld.

Amy V. Forrestal, a managing director of Brookwood Associates,
L.L.C., that (i)  Brookwood and its employees are "disinterested
persons" as that phrase is defined in Sec. 101(14) of the
Bankruptcy Code, and (ii) Brookwood neither represents nor holds an
interest adverse to the interest of the estate with respect to the
matter on which Brookwood is to be employed.

The firm may be reached at:

         Amy V. Forrestal
         Managing Director
         BROOKWOOD ASSOCIATES, L.L.C.,
         3575 Piedmont Road
         15 Piedmont Center, Suite 820
         Atlanta, GA  30305
         Tel: (404) 874-7433 ext. 1570
         Fax: (404) 564-5101
         E-mail: af@brookwoodassociates.com

                     About Family Christian

Family Christian Holding, LLC, is the sole owner and member of
Family Christian, LLC, which operates and runs Family Christian
stores, one of the largest retail sellers of Christian books,
music, DVDs, church supplies, and other faith based merchandise.

Family Christian, LLC, Family Christian Holding, LLC, and
FCS Giftco, LLC, filed Chapter 11 bankruptcy petitions (Bankr.
W.D.
Mich. Lead Case No. 15-00643) on Feb. 11, 2015.  The petition was
signed by Chuck Bengochea as president and CEO.  The Debtors
estimated assets and liabilities of $50 million to $100 million.

The Debtors are being represented by Todd Almassian, Esq., at
Keller & Almassian PLC, and Erich Durlacher, Esq., Brad Baldwin,
Esq., Bryan Glover, Esq., at Burr & Forman LLP as counsel.



FAMILY CHRISTIAN: Seeks to Employ Resurgence as Financial Advisor
-----------------------------------------------------------------
Family Christian, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the Western District of Michigan to employ
Resurgence Financial Services, LLC, as financial advisor.

Resurgence Financial will:

   (a) provide general financial advisory services to the Debtors
with respect to their business operations, properties, financial
condition, and the administration of their Chapter 11 cases;

   (b) assist the Debtors' with the preparation of monthly
operating reports, cash collateral budgets, cash flow forecasts,
and other reports as may be needed from the Debtors in the
administration of their Chapter 11 cases;

   (c) provide specific valuation or other financial analyses as
the Debtors may require;

   (d) assist with the formulation, evaluation, implementation of
various options for a restructuring, financing, reorganization, or
sale of the Debtors' or their assets or businesses;

   (e) provide financial advisory services to the Debtors in
connection with any plan of reorganization that the Debtors' seek
to develop in these Chapter 11 case;

   (f) assist the Debtors in negotiations with creditors,
shareholders and other appropriate parties-in-interest;

   (g) provide testimony in court (including expert testimony) if
necessary or as reasonably requested by the Debtors' counsel with
respect to matters upon which Resurgence Financial has provided
advice or professional opinions to the Debtors; and

   (h) provide other support as may be reasonably requested by the
Debtor or Counsel that fall within Resurgence Financial's
expertise, experience and capabilities that are mutually
agreeable.

Gary M. Murphey, the Managing Director of Resurgence Financial,
will lead all of the day-to-day aspects of this assignment.

Resurgence Financial intends to charge the Debtors at its customary
hourly rates:

      Directors                   $375 per hour
      Senior Manager              $200 per hour

Resurgence Financial also intends to apply for reimbursement of its
actual expenses incurred in connection with the Debtors' Chapter 11
cases.

Mr. Mruphey assures the Court that Resurgence Financial and its
employees are "disinterested persons" as that phrase is defined in
Section 101(14) of the Bankruptcy Code, and that the firm neither
represents nor holds an interest adverse to the interest of the
Debtors' estates.

The firm may be reached at:

         Gary M. Murphey
         RESURGENCE FINANCIAL SERVICES, LLC
         3330 Cumberland Blvd., Suite 500
         Atlanta, GA 30339
         Tel: (770) 933-6855

                     About Family Christian

Family Christian Holding, LLC, is the sole owner and member of
Family Christian, LLC, which operates and runs Family Christian
stores, one of the largest retail sellers of Christian books,
music, DVDs, church supplies, and other faith based merchandise.

Family Christian, LLC, Family Christian Holding, LLC, and  FCS
Giftco, LLC, filed Chapter 11 bankruptcy petitions (Bankr. W.D.
Mich. Lead Case No. 15-00643) on Feb. 11, 2015.  The petition was
signed by Chuck Bengochea as president and CEO.  The Debtors
estimated assets and liabilities of $50 million to $100 million.

The Debtors are represented by Todd Almassian, Esq., at Keller &
Almassian PLC, and Erich Durlacher, Esq., Brad Baldwin, Esq., Bryan
Glover, Esq., at Burr & Forman LLP as counsel.



FAMILY CHRISTIAN: U.S. Trustee Raises Concern on Counsel Fees
-------------------------------------------------------------
Daniel M. McDermott, U.S. Trustee for Region 9, filed separate
responses to Family Christian, LLC, et al.'s applications to employ
Burr & Forman LLP and Keller & Almassian, PLC, as co-counsel.

The U.S. Trustee tells the U.S. Bankruptcy Court for the Western
District of Michigan that he has no objection to the employment of
Burr and Keller as co-counsel for the Debtors.  However, to the
extent the order approving their employment seeks approval of fees,
the U.S. Trustee objects and reserves his right to object to  the
reasonableness, accuracy, and necessity of any all fees and
expenses at the time as an application for fees and expenses is
filed with the Court.

The U.S. Trustee's attorneys can be reached at:

         Michelle M. Wilson, Esq.
         Trial Attorney
         Office of the United States Trustee
         United States Department of Justice
         125 Ottawa Ave. NW, Suite 200R
         Grand Rapids, MI 49503
         Tel: (616) 456-2002, ext. 119
  
                     About Family Christian

Family Christian Holding, LLC, is the sole owner and member of
Family Christian, LLC, which operates and runs Family Christian
stores, one of the largest retail sellers of Christian books,
music, DVDs, church supplies, and other faith based merchandise.

Family Christian, LLC, Family Christian Holding, LLC, and
FCS Giftco, LLC, filed Chapter 11 bankruptcy petitions (Bankr.
W.D.
Mich. Lead Case No. 15-00643) on Feb. 11, 2015.  The petition was
signed by Chuck Bengochea as president and CEO.  The Debtors
estimated assets and liabilities of $50 million to $100 million.

The Debtors are being represented by Todd Almassian, Esq., at
Keller & Almassian PLC, and Erich Durlacher, Esq., Brad Baldwin,
Esq., Bryan Glover, Esq., at Burr & Forman LLP as counsel.


FAMILY CHRISTIAN: U.S. Trustee, Supplier Object to Cash Use
-----------------------------------------------------------
Daniel M. McDermott, U.S. Trustee for Region 9, and Hendrickson
Publishers, LLC, one of the 178 entities providing inventory to
Family Christian, LLC, et al., object to the Debtors' proposed use
of cash collateral.

The U.S. Trustee complains, among other things, that the proposed
interim order authorizes a much broader lien than that requested in
the motion, and would cross-collateralize the Operating Debtor's
debts with the assets of the two other debtors.  The Debtors have
requested joint administration, but not substantive consolidation,
and if the Court grants cross-collateralization of the Operating
Debtor's debts, that may result in the effective substantive
consolidation of the Chapter 11 cases without the Debtors having
shown the necessity for substantive consolidation, the U.S. Trustee
asserts.

Hendrickson complains that the Cash Collateral Motion and the
accompanying declaration are devoid of any meaningful discussion of
the impact the use of cash collateral will have on consignors
including, but not limited to, whether the Operating Debtor intends
to continue to honor its prepetition consignment agreements and
whether the Operating Debtor intends to turn over the proceeds of
prepetition consignment sales to the consignors.

The U.S. Trustee's attorney can be reached at:

         Michael V. Maggio, Esq.
         Trial Attorney
         Office of the United States Trustee
         United States Department of Justice
         The Ledyard Building, Second Floor
         125 Ottawa NW, Suite 200R
         Grand Rapids, MI 49503
         Tel: (616) 456-2002, ext. 114  

Hendrickson is represented by:

         Allison R. Bach, Esq.
         Michael C. Hammer, Esq.
         DICKINSON WRIGHT PLLC  
         500 Woodward Avenue, Suite 4000
         Detroit, MI 48226
         Tel: (313) 223-3500
         Fax: (313) 223-3598
         E-mail: abach@dickinsonwright.com
                 mhammer@dickinsonwright.com

                     About Family Christian

Family Christian Holding, LLC, is the sole owner and member of
Family Christian, LLC, which operates and runs Family Christian
stores, one of the largest retail sellers of Christian books,
music, DVDs, church supplies, and other faith based merchandise.

Family Christian, LLC, Family Christian Holding, LLC, and
FCS Giftco, LLC, filed Chapter 11 bankruptcy petitions (Bankr.
W.D.
Mich. Lead Case No. 15-00643) on Feb. 11, 2015.  The petition was
signed by Chuck Bengochea as president and CEO.  The Debtors
estimated assets and liabilities of $50 million to $100 million.

The Debtors are being represented by Todd Almassian, Esq., at
Keller & Almassian PLC, and Erich Durlacher, Esq., Brad Baldwin,
Esq., Bryan Glover, Esq., at Burr & Forman LLP as counsel.



FINJAN HOLDINGS: Markman Hearing in "Sophos" Litigation Held
------------------------------------------------------------
Finjan Holdings, Inc. announced that in accordance with the local
patent rules of the U.S. District Court for the Northern District
of California, a Claim Construction or "Markman" Hearing was held
in connection with the Sophos litigation on Feb. 13, 2015.  The
Company will issue an update when the Order is entered.

Finjan Holdings' wholly owned subsidiary Finjan, Inc. filed a
patent infringement lawsuit against Sophos on March 14, 2014 (Case
No. 14-cv-01197-WHO (NDCA)).  Finjan asserts that Sophos is
infringing eight of its patents: 6,154,844; 6,804,780; 7,613,918;
7,613,926; 7,757,289; 8,141,154; 8,566,580; and 8,677,494, which
cover endpoint security, web and messaging security, and networking
and perimeter defense technologies.

The Markman Hearing is an important pre-trial event in a patent
lawsuit, wherein the Court will construe the asserted patent claims
after consideration of the parties' evidence.  Claim construction
findings can often encourage settlement and, in some instances,
inform the parties of a likely outcome.

Finjan has also filed patent infringement lawsuits against FireEye,
Blue Coat, Proofpoint, Symantec, and Palo Alto Networks relating
to, collectively, more than 20 patents in the Finjan portfolio.
The court dockets for the foregoing cases are publicly available on
the Public Access to Court Electronic Records (PACER) Web site,
www.pacer.gov, which is operated by the Administrative Office of
the U.S. Courts.

                            About Finjan

Finjan, formerly known as Converted Organics, is a leading online
security and technology company which owns a portfolio of patents,
related to software that proactively detects malicious code and
thereby protects end-users from identity and data theft, spyware,
malware, phishing, trojans and other online threats.  Founded in
1997, Finjan is one of the first companies to develop and patent
technology and software that is capable of detecting previously
unknown and emerging threats on a real-time, behavior-based basis,
in contrast to signature-based methods of intercepting only known
threats to computers, which were previously standard in the online
security industry.

Finjan Holdings reported a net loss of $6.07 million in 2013
following net income of $51 million in 2012.  The Company
reported a net loss of $2 million on $175,000 of revenues for the
three months ended March 31, 2014.

The Company's balance sheet at Sept. 30, 2014, showed $26.1
million in total assets, $2.70 million in total liabilities and
$23.4 million in total stockholders' equity.


GELTECH SOLUTIONS: Extends Maturities of Reger Notes to 2020
------------------------------------------------------------
GelTech Solutions, Inc. and Michael Reger, the Company's president
and principal shareholder, agreed to amend two outstanding notes
held by Mr. Reger, as disclosed in a Form 8-K filed with the U.S.
Securities and Exchange Commission.  The maturity date of Mr.
Reger's $1,000,000 and $1,997,483 7.5% convertible notes were
extended to Dec. 31, 2020.  The maturity dates on the $1M Note and
$1.9M note were originally July 11, 2018, and Dec. 31, 2016,
respectively.  In consideration for extending the maturity dates,
the Company agreed to amend the Notes to make them secured by all
of the Company's assets including its intellectual property and
inventory and reduced the conversion price of the $1M Note to $0.35
per share.

Also on Feb. 12, 2015, the Company issued Mr. Reger a $150,000 7.5%
secured convertible note in consideration for a $150,000 loan. T he
note is convertible at $0.27 per share and matures on Dec. 31,
2020.  Repayment of the note is secured by all of the Company's
assets including its intellectual property and inventory in
accordance with a secured line of credit agreement between the
Company and Mr. Reger.  Additionally, the Company issued Mr. Reger
277,778 two-year warrants exercisable at $2.00 per share.

                           About GelTech
        
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.

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.


GEORGIA TRANSIT: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Georgia Transit Mix, LLC
           d/b/a Williams Bros Concrete
        746 W. Church Street, Suite A
        Jasper, GA 30143

Case No.: 15-20355

Chapter 11 Petition Date: February 20, 2015

Court: United States Bankruptcy Court
       Northern District of Georgia (Gainesville)

Judge: Hon. James R. Sacca

Debtor's Counsel: J. William Boone, Esq.
                  JAMES BATES BRANNAN GROOVER LLP
                  Suite 1700, 3399 Peachtree Road
                  Atlanta, GA 30326
                  Tel: (404) 997-6020
                  Fax: (404) 997-6021
                  Email: bboone@jamesbatesllp.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jason Williams, member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ganb15-20355.pdf


GLYECO INC: Leonid Frenkel Reports 9.9% Stake as of Dec. 31
-----------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Leonid Frenkel disclosed that as of Dec. 31,
2014, he beneficially owned 5,957,526 shares of common stock of
GlyeCo Inc. which represents 9.99 percent of the shares
outstanding.

Mr. Frenkel and his affiliates own common shares, options and
warrants of the Issuer.  The options and warrants, if fully
executed, exceed the number of common shares reported on this
Schedule.  However, the terms of those options and warrants do not
permit Mr. Frenkel or his affiliates from converting all or any
portion of the options and warrants into common shares if such
conversion would result in beneficial ownership, after giving
effect to the conversion, by Mr. Frenkel or his affiliates, of more
than 9.99% of the outstanding shares of common stock of the
Issuer.

A copy of the regulatory filing is available for free at:

                         http://is.gd/IETONL

                         About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco, Inc., is a green chemistry company
formed to roll-out its proprietary and patent pending glycol
recycling technology that transforms waste glycols, a hazardous
material, into profitable green products.

GlyeCo reported a net loss of $4.01 million in 2013, a net loss of
$1.86 million in 2012, and a net loss of $592,000 in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $15.5
million in total assets, $2.49 million in total liabilities and
$13.03 million in total stockholders' equity.

Semple, Marchal & Cooper, LLP, in Phoenix, Arizona, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has yet to achieve profitable
operations and is dependent on its ability to raise capital from
stockholders or other sources to sustain operations and to
ultimately achieve viable profitable operations.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.


GT ADVANCED: Says Judge Ignored Evidence on Bonuses
---------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that GT Advanced Technologies Inc., joining arms
with the Official Committee of Unsecured Creditors, filed papers
asking U.S. Bankruptcy Judge Henry J. Boroff in New Hampshire to
reconsider and reverse his Feb. 5 decision denying approval of the
bonus program for nine senior executives and 28 other workers.

According to the report, the Debtor and the Committee argued that
Judge Boroff substituted his own judgment for the "factually
uncontroverted reasonable business judgment" indicating that
bonuses are necessary.  Without bonuses, the company said, "there
is a serious risk of diminution in the value" of GT Advanced's
assets.

As previously reported by The Troubled Company Reporter, Judge
Boroff rejected a redoubled effort by GT Advanced and the
Creditors' Committee to push through employee bonuses in hopes of
retaining top executives, saying the company failed to explain why
he should reconsider his earlier decision.  Judge Boroff previously
denied approval of the KEIP and KERP, which, among other things,
propose to provide incentive bonuses for nine senior executives and
retention bonuses for 28 non-executive employees.  The company
proposed paying $2.28 million in incentive bonuses if performance
hit set targets, while the retention program could have cost about
$1.4 million.

                  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.


HAAS ENVIRONMENTAL: Plan Outline Hearing Reset to March 12
----------------------------------------------------------
The U.S. Bankruptcy Court rescheduled until March 12, 2015, at 2:00
p.m., the hearing to consider adequacy of information in the
disclosure statement explaining Haas Environmental, Inc.'s Third
Amended Plan of Reorganization.

The Official Committee of Unsecured Creditors has objected to the
approval of the Third Amended Disclosure Statement because it
describes a plan, as may be amended, that is patently
unconfirmable.

The Third Amended Plan, according to the Committee, violates the
absolute priority rule of the Bankruptcy Code, and does not satisfy
the "new value" exception.

The Committee is represented by:

         Mary E. Seymour, Esq.
         Ira M. Levee, Esq.
         LOWENSTEIN SANDLER LLP
         65 Livingston Avenue
         Roseland, NJ 07068
         Tel: (973) 597-2500
         Fax: (973) 597-2400

                      About Haas Environmental

With corporate offices located at Vincentown, New Jersey, Haas
Environmental, Inc., performs industrial cleaning and maintenance
at steel mills, and provides support services to companies involved
in "fracking" operations.  The company's steel mill operations are
located in Trinity, Alabama; Armorel, Arkansas; and Burns Harbor,
Indiana.

Haas Environmental filed a Chapter 11 petition (Bankr. D.N.J. Case
No. 13-27297) on Aug. 6, 2013.  Judge Kathryn C. Ferguson presides
over the case.  The Debtor disclosed $10.1 million in assets and
$11.6 million in liabilities as of the Chapter 11 filing.  

The Debtor tapped Cozen O'Conner as counsel from the Petition Date
through Dec. 8, 2013, and Sherman Silverstein from Dec.9, 2013 to
the present.  Woodworth & St. John is the Debtor's accountant;
Guida Realty is the realtor to assist with the sale of the
Seubenville, Ohio property; and Kennen & Kennen, Inc. as realtor
for the sale of the Glen Dale property.

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



HEPAR BIOSCIENCE: Case Summary & 15 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Hepar BioScience LLC
        PO Box 649
        North Sioux City, SD 57049

Case No.: 15-40057

Type of Business: The Debtor is in the business of receiving
                  porcine (pork) by-products (concentrated
                  peptone, a functional pork protein and animal
                  fat) from its largest supplier (SPLIMobren) and
                  other meat by-products from other suppliers that

                  are primary used in the porcine animal nutrition
                  feed industry (concentrated porcine peptone) and

                  biodiesel or animal feed business (animal fat).

Chapter 11 Petition Date: February 20, 2015

Court: United States Bankruptcy Court
       District of South Dakota (Southern (Sioux Falls))

Judge: Hon. Charles L. Nail, Jr.

Debtor's Counsel: Clair R. Gerry, Esq.
                  GERRY & KULM ASK, PROF. LLC
                  P.O. Box 966
                  Sioux Falls, SD 57101-0966
                  Tel: (605) 336-6400
                  Email: gerry@sgsllc.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Mark Nylen, authorized individual.

List of Debtor's 15 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Morningside College                                    $900,000
1501 Morningside Avenue
Sioux City, IA 51106

Triland Foods                                          $226,465

Protein Resources, Inc.                                $210,965

Rohde Trucking, Inc.                                   $173,818

Bunge North America                                    $141,726

Nylen, Mary                                            $110,000

Nylen, Mark                                            $110,000

Interstate Mechanical Corp.                            $104,145

Mobren Transport, Inc.                                  $77,400

R.W. Baird & Co.                                        $73,457

Dorsey & Whitney LLP                                    $65,642

Moellers North American, Inc.                           $51,097

Endress-Hauser                                          $40,519

Delperdang, Schuh & Co. P.C.                            $36,276

Harding & Shultz                                        $25,749


HLSS SERVICER: Bluemountain Capital Sends Second Notice of Default
------------------------------------------------------------------
Bluemountain Capital Management, LLC, the investment manager of
funds that hold certain Series 2012-T2 and Series 2013-T3 Notes
issued in connection with the HLSS Servicer Advance Receivables
Trust, on
Feb. 20 disclosed that it has sent a letter, which provides notice
of additional events of default, to the trustee of the HSART
Trust.

A copy of the letter is available at http://is.gd/62yjLK

BlueMountain Capital Management, LLC --
http://www.bluemountaincapital.com/-- is an absolute return
manager with approximately $20 billion in assets under management.
BlueMountain and its affiliates have offices in New York, London
and Tokyo.


IHEARTCOMMUNICATIONS INC: Moody's Caa2 CFR Unaffected by PGN Upsize
-------------------------------------------------------------------
Moody's says iHeartCommunications, Inc.'s upsize of its $550
million Priority Guarantee Notes maturing in 2023 to $950 million
will not impact the Caa2 corporate family rating or the Caa1 PGN
rating.  The outlook remains stable. The proceeds from the upsize
will be used to redeem the remaining outstanding balance of the
term loan B & C that mature in January 2016 and are the last
significant outstanding debt of its 2016 maturity wall.

iHeartCommunications, Inc. (iHeart) (fka Clear Channel
Communications, Inc.) with its headquarters in San Antonio, Texas,
is a global media and entertainment company specializing in mobile
and on-demand entertainment and information services for local
communities and advertisers.  The company's businesses include
digital music, radio broadcasting and outdoor displays (via the
company's 90% ownership of Clear Channel Outdoor Holdings Inc.
("CCO")).  iHeart's consolidated revenue was approximately $6.3
billion in FY 2014.


IHEARTCOMMUNICATIONS INC: Offering $950MM 10.625% Guarantee Notes
-----------------------------------------------------------------
iHeartCommunications, Inc., announced the pricing of an offering of
$950 million aggregate principal amount of its 10.625% Priority
Guarantee Notes due 2023.  The offering was upsized from the
previously announced $550 million aggregate principal amount.  The
Notes were priced at par and will be issued under an indenture to
be dated as of February 26, 2015. The sale of the Notes is expected
to be completed on February 26, 2015, subject to customary closing
conditions.

The Notes will be fully and unconditionally guaranteed on a senior
secured basis by iHeartCommunications' parent, iHeartMedia Capital
I, LLC, and all of iHeartCommunications' existing and future
material wholly-owned domestic restricted subsidiaries.  The Notes
and the related guarantees will be secured by (1) a lien on (a) the
capital stock of iHeartCommunications and (b) certain property and
related assets that do not constitute "principal property" (as
defined in the indenture governing iHeartCommunications' legacy
notes), in each case equal in priority to the liens securing the
obligations under iHeartCommunications' senior secured credit
facilities and existing priority guarantee notes and (2) a lien on
the accounts receivable and related assets securing
iHeartCommunications' receivables based credit facility junior in
priority to the lien securing iHeartCommunications' obligations
thereunder.

iHeartCommunications intends to use the gross proceeds from this
offering to prepay at par $916.1 million of the loans outstanding
under its term loan B facility and $15.2 million of the loans
outstanding under its term loan C asset sale facility, to pay
accrued and unpaid interest with regard to those loans to, but not
including, the date of prepayment, to pay fees and expenses related
to the offering and the prepayment, and the remainder for general
corporate purposes, including repayment of indebtedness.

The Notes and the related guarantees will be offered only to
"qualified institutional buyers" in reliance on the exemption from
registration pursuant to Rule 144A under the Securities Act of
1933, as amended, and to persons outside of the United States in
compliance with Regulation S under the Securities Act.  The Notes
and the related guarantees have not been registered under the
Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States
without registration or an applicable exemption from the Securities
Act and applicable state securities or blue sky laws and foreign
securities laws.

                     About iHeartCommunications

iHeartCommunications, Inc., (formerly known as Clear Channel
Communications, Inc.) is a global media and entertainment company.
The Company specializes in radio, digital, outdoor, mobile,
social, live events, on-demand entertainment and information
services for local communities, and uses its unparalleled national
reach to target both nationally and locally on behalf of its
advertising partners.  The Company is dedicated to using the
latest technology solutions to transform the company's products
and services for the benefit of its consumers, communities,
partners and advertisers, and its outdoor business reaches over 40
countries across five continents, connecting people to brands
using innovative new technology.

IHeartcommunications reported a net loss attributable to the
Company of $794 million in 2014, compared to a net loss
attributable to the Company of $606.9 million in 2013.

As of Dec. 31, 2014, the Company had $14.04 billion in total
assets, $23.70 billion in total liabilities and a $9.66 billion
total shareholders' deficit.

                         Bankruptcy Warning

"We and our subsidiaries may not generate cash flow from operations
in an amount sufficient to fund our liquidity needs.  We anticipate
cash interest requirements of approximately $1.6 billion during
2015.  At December 31, 2014, we had debt maturities totaling $3.6
million, $1,126.9 million (net of $57.1 million due to a subsidiary
of ours), and $8.2 million in 2015, 2016, and 2017, respectively.
We are currently exploring, and expect to continue to explore, a
variety of transactions to provide us with additional liquidity.
We cannot assure you that we will enter into or consummate any such
liquidity-generating transactions, or that such transactions will
provide sufficient cash to satisfy our liquidity needs, and we
cannot currently predict the impact that any such transaction, if
consummated, would have on us."

"The ability to refinance the debt will depend on the condition of
the capital markets and our financial condition at such time.  Any
refinancing of the debt could be at higher interest rates and
increase debt service obligations and may require us and our
subsidiaries to comply with more onerous covenants, which could
further restrict our business operations.  The terms of existing or
future debt instruments may restrict us from adopting some of these
alternatives.  These alternative measures may not be successful and
may not permit us or our subsidiaries to meet scheduled debt
service obligations.  If we or our subsidiaries cannot make
scheduled payments on indebtedness, we or our subsidiaries, as
applicable, will be in default under one or more of the debt
agreements and, as a result we could be forced into bankruptcy or
liquidation," the Company stated in its 2014 Annual  Report.

                           *     *     *

In May 2013, Moody's Investors Service said that Clear Channel's
upsize of the term loan D to $4 billion from $1.5 billion will not
impact the Caa1 facility rating assigned.  Clear Channel's
Corporate Family Rating is unchanged at Caa2.  The outlook remains
stable.

As reported by the TCR on May 21, 2013, Standard & Poor's Ratings
Services announced that its issue-level rating on San
Antonio, Texas-based Clear Channel's senior secured term loan
remains unchanged at 'CCC+' following the company's upsize of the
loan to $4 billion from $1.5 billion.  The rating on parent
company CC Media Holdings remains at 'CCC+' with a negative
outlook, which reflects the risks surrounding the long-term
viability of the company's capital structure.

As reported by the TCR on Feb. 4, 2015, Fitch Ratings has affirmed
the Issuer Default Rating (IDR) of iHeartCommunications, Inc.
(iHeart) at 'CCC'.


INSITE VISION: Eli Jacobson Reports 8.4% Stake as of Dec. 31
------------------------------------------------------------
Eli Jacobson disclosed in an amended Schedule 13G filed with the
U.S. Securities and Exchange Commission that as of Dec. 31, 2014,
he beneficially owned 11,050,676 shares of common stock of InSite
Vision Incorporated, which represents 8.4 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/fSzmnc

                           InSite Vision

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

Burr Pilger Mayer, Inc., expressed substantial doubt about the
Company's ability to continue as a going concern in its report on
the Company's consolidated financial statements for the year ended
Dec. 31, 2013, citing that the Company has recurring losses from
operations, available cash and short-term investment balances and
accumulated deficit.

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

InSite Vision reported net income of $5.78 million in 2013
following a net loss of $8.27 million in 2012.


ISC8 INC: SVB Reports 11.8% Stake as of Feb. 17
-----------------------------------------------
SVB Financial Group disclosed in a regulatory filing with the U.S.
Securities and Exchange Commission that as of Feb. 17, 2015, it
beneficially owned 34,533,213 shares of common stock of ISC8 Inc.,
which represents 11.86 percent of the shares outstanding.  The
shares reported are represented by shares of common stock issuable
upon the exercise of outstanding warrants.  According to the
Issuer's quarterly report on Form 10-Q for the period ending March
31, 2014, the Issuer has 256,580,728 shares issued and outstanding.


The Reporting Person intends to surrender, in accordance with the
terms of each Warrant, on or promptly after the date of the filing
of this report, all Warrants to purchase common stock of the Issuer
it currently holds for cancellation for no consideration.

A copy of the regulatory filing is available for free at:

                         http://is.gd/gvCi6X

                           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.


KID BRANDS: Plan Filing Date Extended to April 14
-------------------------------------------------
The U.S. Bankruptcy Court in New Jersey extended the exclusive
period during which Kid Brand can file a Chapter 11 plan through
and including April 14, 2015, and the exclusive period during which
the Debtor can solicit acceptances of the plan through and until
June 15, BankruptcyData reported.

According to BData, the Debtors said they firmly believe that
extending the Exclusive Periods will permit the plan process to
proceed in a rational and thoughtful fashion, maximize value for
all parties-in-interest, and enable them to formulate a consensual
chapter 11 plan with input from various stakeholders.

                        About Kid Brands

Based in Rutherford, New Jersey, Kid Brands, Inc., is a designer,
importer, marketer, and distributor of infant and juvenile
consumer products.  Its operating subsidiaries consist of Kids
Line, LLC, CoCaLo, Inc., Sassy, Inc., and LaJobi, Inc.  Providing
"everything but the baby" for a child's nursery, the company sells
infant bedding and accessories under the Kids Line and CoCaLo
brands; nursery furniture under the LaJobi brand; and baby care
items under the Kokopax and Sassy brands.

Citing their inability to raise capital due to contingent
liabilities and operational issues, Kid Brands and six of its U.S.
subsidiaries each filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 14-
22582) on June 18, 2014.  To preserve the value of their assets,
the Debtors are pursuing a sale of the assets pursuant to section
363 of the Bankruptcy Code.

Judge Donald H. Steckroth oversees the cases.  The Debtors have
sought and obtained an order directing joint administration of
their Chapter 11 cases.

Lowenstein Sandler LLP serves as the Debtors' counsel.
PricewaterhouseCoopers LLP is the Debtors' financial advisor.  GRL
Capital Advisors acts as the Debtors' restructuring advisors.
GRL's Glenn Langberg served as the Debtors' chief restructuring
officer.  Mr. Langberg also oversaw the bankruptcy and sales of
Big M Inc., operator of the Mandee and Annie Sez stores.  Rust
Consulting/Omni Bankruptcy is the Debtors' claims and noticing
agent.

Salus Capital Partners LLC and Sterling National Bank have
committed to provide up to $49 million in DIP financing to the
Debtors.


L.I.S. CUSTOM: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: L.I.S. Custom Designs, Inc.
           fdba Long Island Stove, Inc.
        999 South Oyster Bay Road, Suite 407
        Bethpage, NY 11714

Case No.: 15-70662

Chapter 11 Petition Date: February 20, 2015

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

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: Gerard R Luckman, Esq.
                  SILVERMANACAMPORA LLP
                  100 Jericho Quadrangle Ste 300
                  Jericho, NY 11753
                  Tel: (516) 479-6300
                  Email: efilings@spallp.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gene Spivak, chief executive officer.

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


LATTICE INC: Bard Associates Reports 8.3% Stake as of Dec. 31
-------------------------------------------------------------
Bard Associates, Inc., disclosed in an amended Schedule 13G filed
with the U.S. Securities and Exchange Commission that as of
Dec. 31, 2014, it beneficially owned 4,251,000 shares of common
stock of Lattice Incorporated, which represents 8.3 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/Byqfzh

                        About Lattice Inc.

Pennsauken, New Jersey-based Lattice Incorporated provides
telecommunications services to correctional facilities and
specialized telecommunication service providers in the United
States.

Lattice Incorporated reported a net loss of $1 million on $8.26
million of revenue for the year ended Dec. 31, 2013, as compared
with a net loss of $571,000 on $7.53 million of revenue during the
prior year.

As of Sept. 30, 2014, the Company had $5.57 million in total
assets, $7.48 million in total liabilities, and a $1.91 million
total shareholders' deficit.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
in Somerset, New Jersey, 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
history of operating losses, has a working capital deficit and
requires additional working capital to meet its current
liabilities.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


LIGHTSQUARED INC: Offers $2.9-Mil. More in Bonuses
--------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that LightSquared Inc. asked authority from the
bankruptcy judge in New York to pay an additional $2.9 million of
bonuses to its four top executives for shepherding the company
through the final throes of the plan-approval process.

According to the report, the additional bonus is in top of the
almost $4.5 million the company was authorized to pay its four top
executives.  If the bonuses are approved as part of the
confirmation process on March 9, the executives will get 40 percent
of the new bonus should the plan be confirmed, the report related.
They get another 40 percent when the FCC approves the change of
control under the plan, the report added.

                     About LightSquared Inc.

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

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

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with
liquidity
and runway necessary to resolve its issues with the FCC.

Despite working diligently and in good faith, however,
LightSquared and the lenders were not able to consummate a global
restructuring on terms acceptable to all interested parties.

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

                          *     *     *

Judge Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York on Jan. 20, 2015, approved the
Second
amended specific disclosure statement explaining Lightsquared
Inc.,
et al.'s second amended joint plan, after determining that the
disclosures contain adequate information within the meaning of
Section 1125(a) of the Bankruptcy Code.

As previously reported by The Troubled Company Reporter, the
Debtors, in December, filed a joint plan and disclosure statement,
which contemplate, among other things, (A) new money investments
by
the New Investors in exchange for a combination of preferred and
common equity, (B) the conversion of the Prepetition LP Facility
Claims into new second lien debt obligations, (C) the repayment in
full, in cash, of the Inc. Facility Prepetition Inc. Facility
NonSubordinated Claims immediately following confirmation of the
Plan, (D) the payment in full, in cash, of LightSquared's general
unsecured claims, (E) the provision of $1.25 billion in new money
working capital for the Reorganized Debtors, (F) the assumption of
certain liabilities, (G) the resolution of all inter-Estate
disputes, and (H) the contribution by Harbinger of the Harbinger
Litigations.


LOUIS BULLARD: U.S. Supports Homeowner in Supreme Court Appeal
--------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Solicitor General came down on the
side of homeowners in a case set to be argued before the U.S.
Supreme Court on April 1.

According to the report, although the dispute ostensibly centers on
the right of a homeowner to appeal if a bankruptcy judge refuses to
approve a debt-payment plan, the ruling from the high court could
have a profound effect on corporate reorganizations as well.
Bullard v. Hyde Park Savings Bank involves the Bankruptcy Code's
Chapter 13, which requires a debtor to obtain court approval of a
plan paying off debts over five years before receiving a discharge
that wipes out remaining liabilities, the report said.

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


MEDICAL ALARM: Reports $114,000 Net Loss in Fiscal Second Quarter
-----------------------------------------------------------------
Medical Alarm Concepts Holdings, Inc. filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss of $114,000 on $241,000 of revenue for
the three months ended Dec. 31, 2014, compared to a net loss of
$75,00 on $257,000 of revenue for the same period in 2013.

For the six months ended Dec. 31, 2014, the Company reported a net
loss of $176,000 on $512,000 of revenue compared to net income of
$271,000 on $522,000 of revenue for the same period a year ago.

As of Dec. 31, 2014, Medical Alarm had $1.27 million in total
assets, $3.41 million in total liabilities and a $2.14 million
total stockholders' deficit.

As of Dec. 31, 2014, the Company has working capital deficit of
$703,900; did not generate significant cash from its operations;
had stockholders' deficit of $2.14 million and had operating loss
for prior three years.  These circumstances, among others, raise
substantial doubt about the Company's ability to continue as a
going concern, according to the report.

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

                        http://is.gd/M4x7co

                        About Medical Alarm

Plymouth Meeting, Pa.-based Medical Alarm Concepts Holding, Inc.,
utilizes new technology in the medical alarm industry to provide
24-hour personal response monitoring services and related products
to subscribers with medical or age-related conditions.

Medical Alarm reported net income of $225,000 on $1.15 million of
revenue for the year ended June 30, 2014, compared to net income
of $3.18 million on $573,000 million of revenue during the prior
year.

Paritz & Company, P.A., in Hackensack, 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 had working capital deficit of $636,000, a
stockholders' deficit of $2.036 million, did not generate cash
from
its operations, and had operating loss for past two years.  These
circumstances, among others, raise substantial doubt about the
Company's ability to continue as a going concern, according to the
auditors.


MEMORY LANE: Case Summary & Largest Unsecured Creditors
-------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                         Case No.
     ------                                         --------
     Memory Lane of Bremen, LLC                     15-10371
     PO Box 651
     Bowdon, GA 30108

     Memory Lane Assisted Living, LLC               15-10372
     PO Box 651
     Bowdon, GA 30108

     Memory Lane Assisted Living of Bowdon LLC      15-10373
     PO Box 651
     Bowdon, GA 30108

     Southeast Senior Care Management Group, LLC    15-10374
     PO Box 651
     Bowdon, GA 30108

Nature of Business: Health Care

Chapter 11 Petition Date: February 20, 2015

Court: United States Bankruptcy Court
       Northern District of Georgia (Newnan)

Debtors' Counsel: Nevin J. Smith, Esq.
                  SMITH CONERLY LLP
                  402 Newnan Street
                  Carrollton, GA 30117
                  Tel: (770) 834-1160
                  Fax: (770) 834-1190
                  Email: cstembridge@smithconerly.com

                                         Estimated   Estimated
                                          Assets    Liabilities
                                        ----------  -----------
Memory Lane of Bremen                   $0-$50K     $100K-$500K
Memory Lane Assisted Living             $0-$50K     $1MM-$10MM
Memory Lane Assisted Living of Bowdon   $0-$50K     $1MM-$10MM
Southeast Senior Care                   $0-$50K     $1MM-$10MM

The petitions were signed by John Cheney, manager.

A. A list of Memory Lane of Bremen's seven largest unsecured
   creditors is available for free at:

              http://bankrupt.com/misc/ganb15-10371.pdf

B. A list of Memory Lane Assisted Livings' nine largest unsecured
creditors is available for free at:

              http://bankrupt.com/misc/ganb15-10372.pdf

C. A list of Memory Lane Assisted Living of Bowdon's 10 largest
unsecured creditors is available for free at:

              http://bankrupt.com/misc/ganb15-10373.pdf

D. A list of Southeast Senior Care's 14 largest unsecured creditors
is available for free at:

              http://bankrupt.com/misc/ganb15-10374.pdf


MF GLOBAL: Corzine Can't Free Ride on Trustee Paper Works
---------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. Magistrate Judge James C. Francis denied a
request by Jon Corzine and former MF Global Holding Ltd. for James
W. Giddens to turn over work papers, reports and other material
collected or created by Ernst & Young LLP, the trustee’s
accountants, concluding that the attorney-client privilege shields
Mr. Giddens from having to turn over his accountants' raw work.

According to the report, Mr. Corzine argued that the defendants
should have the accountants' work papers because the report itself
was made public and formed the basis for many of the allegations in
the lawsuits.  Magistrate Francis rejected that argument, saying
Mr. Giddens never waived the attorney-client privilege for
documents created in anticipation of lawsuits.

The litigation is In re MF Global Holdings Ltd. Securities
Litigation, 11-cv-07866, U.S. District Court, Southern District of
New York (Manhattan).

                         About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of

the world's leading brokers of commodities and listed derivatives.

MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41,046,594,000 in total assets and $39,683,915,000 in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told
creditors with $1.134 billion in unsecured claims against the
parent holding company why they could expect a recovery of 13.4%
to 39.1% from the plan.  As a consequence of a settlement with
JPMorgan, supplemental materials informed unsecured creditors
their recovery was reduced to the range of 11.4% to 34.4%.  Bank
lenders will have the same recovery on their $1.174 billion claim
against the holding company.  As a consequence of the settlement,
the predicted recovery became 18% to 41.5% for holders of $1.19
billion in unsecured claims against the finance subsidiary,
one of the companies under the umbrella of the holding company
trustee.  Previously, the predicted recovery was 14.7% to 34% on
bank lenders' claims against the finance subsidiary.


MF GLOBAL: Customers on Verge of Forfeiting $10.4MM
---------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that customers of MF Global Inc. are about to walk
away from $10.4 million that the trustee for the liquidating
commodities brokerage has been trying to pay them.

According to the report, about 1,400 customers didn't take the
simple steps required for the trustee to include them in a second
distribution that would have paid them in full.  Under procedures
approved by a bankruptcy court in New York, those customers will
lose their shares of the $10.4 million if they don't cash their
checks or return required forms by April 20, the report related.

                         About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of

the world's leading brokers of commodities and listed derivatives.

MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41 million in total assets and $39.7 million in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told
creditors with $1.134 billion in unsecured claims against the
parent holding company why they could expect a recovery of 13.4%
to 39.1% from the plan.  As a consequence of a settlement with
JPMorgan, supplemental materials informed unsecured creditors
their recovery was reduced to the range of 11.4% to 34.4%.  Bank
lenders will have the same recovery on their $1.174 billion claim
against the holding company.  As a consequence of the settlement,
the predicted recovery became 18% to 41.5% for holders of $1.19
billion in unsecured claims against the finance subsidiary,
one of the companies under the umbrella of the holding company
trustee.  Previously, the predicted recovery was 14.7% to 34% on
bank lenders' claims against the finance subsidiary.


MIG LLC: Court OKs Amendment to BNY Litigation Trust Agreement
--------------------------------------------------------------
The U.S. Bankruptcy Court authorized the amendment of the
litigation trust agreement between MIG LLC, et al., and Bank of New
York Mellon (indenture trustee).

As reported in the Troubled Company Reporter on Dec. 8, 2014,
through the motion, the indenture trustee, with the consent of the
Debtor, the litigation trustee, and a majority in aggregate amount
of the Noteholders, requested that the Court enter an order (i)
approving the trust agreement amendment, and (ii) confirming that
the trust agreement amendment does not affect any of the security
interests in any collateral under the collateral documents and the
indenture or any other applicable law.

Pursuant to the litigation trust agreement, the indenture, and
certain related security and collateral documents, the Indenture
Trustee (in its various capacities) can only exercise certain
remedies for the benefit of the Noteholders after it is directed
in writing by the litigation trustee.  For example, under the
indenture, the indenture trustee cannot take any action with
respect to any of the Noteholders' collateral that is stock
pledged to the indenture trustee for the benefit of the
Noteholders pursuant to the other security and collateral
agreements until it receives written instructions from the
litigation trustee.

The litigation trust currently has no operating funds, and is
unlikely to bring additional litigation on its own behalf.

On Oct. 31, 2014, the litigation trustee notified the Noteholders
and the Litigation Trust that it will resign upon the earlier of
an order of the Court approving the amendment to the Litigation
Trust Agreement, or eighty days from the date of the resignation
letter.

                          About MIG LLC

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

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection on June 30, 2014.  The cases are currently
jointly administered under Bankr. D. Del. Lead Case No. 14-11605.
As of the bankruptcy filing, MIG's sole valuable asset, beyond its
existing cash, is its indirect interest in Magticom Ltd.  The
cases are assigned to Judge Kevin Gross.  MIG LLC disclosed
$15.9 million in assets and $253.7 million in liabilities.

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

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

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

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


MILLS INTERNATIONAL: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Mills International, Inc.
        P.O. Box 835
        Kinston, NC 28502-0835

Case No.: 15-00976

Chapter 11 Petition Date: February 20, 2015

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       (New Bern Division)

Judge: Hon. David M. Warren

Debtor's Counsel: Trawick H Stubbs, Jr., Esq.
                  STUBBS & PERDUE, P.A.
                  P. O. Drawer 1654
                  New Bern, NC 28563
                  Tel: 252 633-2700
                  Fax: 252 633-9600
                  Email: efile@stubbsperdue.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David G. Mills, secretary-treasurer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nceb15-00976.pdf


MISSION NEWENERGY: Successfully Completes Transformation
--------------------------------------------------------
Mission NewEnergy Limited has successfully completed the company
transformation plan commenced in 2012.  Management have continued
to improve the balance sheet and restructure the Company's
operations achieving major milestones in 2013 and 2014.

Mission announced the achievement of the final step of the
transformation plan being:

  * Completion of the sale of its 250,000 tpa biodiesel refinery
    for US$22.5 million

  * Settlement of all outstanding convertible note debt of
    approximately A$25 million
  * Retention of a 20% stake in a highly prospective Joint Venture
    with the world's largest oil palm plantation company and one
    of the United States' most promising disruptive fuels
    technology providers

  * Retention of approximately two years in general working
    capital to cover operational and legal expenses

Mission has added 40.28 cents per share of asset value on a fully
diluted basis from this Transaction including 10.44 cents per share
of cash and enterprise value of Mission's interest in the Joint
Venture of 29.84 cents per share.

Being well capitalized and with all debt removed, the company is
focused on driving its Joint Venture interest and is now capable of
executing on new opportunities.

As a result of the transaction all secured claims (including SLW
International and Mission) on Mission Biofuels Sdn Bhd and the
refinery have been unconditionally and fully released.  Mission
also expects to show an impairment reversal of A$27.5 million in
the half year financials to Dec. 31, 2014.

About Convertible Note Settlement:

Note holders agreed to the settlement of the entire outstanding
amount of convertible notes of approximately A$25 million in
exchange for US$12 million (approximately A$15.4 million) from the
proceeds of the sale of the refinery, 100% of Mission's ownership
in Oleovest Pte Ltd and Mission Agro Energy Ltd and a contingent
claim on any proceeds returned to Mission from contractual deposits
held back from the sale of the refinery.  Both Oleovest and Mission
Agro are dormant company with negative shareholders' funds.

About Mission's Joint Venture:

The Joint Venture is expected to generate significant free cashflow
for Mission through the production and sale of low cost sustainable
biofuels into mandated markets of the United States and Malaysia
once the plant is refurbished and retro-fitted with Benefuel's
ENSEL technology.

The 20% in the joint venture comes from re-investment of US$2.85
million in cash from the sale of the refinery proceeds to the Joint
Venture.

The remaining cash from the proceeds of the refinery sale have been
utilised to comply with a consent order recorded by the high court
of Malaysia, settle secured inter company loans, other contractual
deposits as part of the sale agreement and the balance to be used
for general working capital purposes.

Share Issue

Mission has today issued 15,000,000 shares pursuant to shareholder
approval on Oct. 27, 2015, and ASX waiver announced on Feb. 9,
2015.

                      About Mission NewEnergy

Based in Subiaco, Western Australia, Mission NewEnergy Limited is
a producer of biodiesel that integrates sustainable biodiesel
feedstock cultivation, biodiesel production and wholesale
biodiesel distribution focused on the government mandated markets
of the United States and Europe.

The Company is not operating its biodiesel refining segment.  The
refineries are being held in care and maintenance either awaiting
a return to positive operating conditions or the sale of assets.

The Company has materially diminished its Jatropha contract
farming operation and the company is now focused on divesting the
remaining Indian assets.  The Company intends to cease all Indian
operations.

Mission NewEnergy reported a net loss of $1.09 million on $9.68
million of total revenue for the year ended June 30, 2014,
compared to net income of $10.05 million on $8.41 million of total
revenue during the prior year.

The Company's balance sheet at June 30, 2014, showed $4.04 million
in total assets, $15.40 million in total liabilities and a $11.35
million total deficiency.

BDO Audit (WA) Pty Ltd, in Perth, Western Australia, issued a
"going concern" qualification on the consolidated financial
statements for the year ended June 30, 2013.  The independent
auditors noted that the Company incurred operating cash outflows
of $3.7 million during the year ended 30 June 2013 and, as of that
date the consolidated entity's total liability exceeded its total
assets by $12.5 million.  These conditions, along with other
matters, raise substantial doubt the Company's ability to continue
as a going concern.


MSI CORP: Plan of Reorganization Declared Effective
---------------------------------------------------
MSI Corporation notifies the U.S. Bankruptcy Court for the Western
District of Pennsylvania that the Effective Date of its Plan of
Reorganization occurred on Jan. 12, 2015.

On Oct. 7, 2014, the Court entered an order confirming the Debtor's
Plan dated July 18, 2014.

As required by Article 4.1(b)(x) of the Plan, on Jan. 12, the
Debtor and First Commonwealth Bank executed all documents necessary
to consolidate and modify the loans owed FCB in accordance with the
terms of the Plan.

                             The Plan

As reported in the Troubled Company Reporter on Sept. 22, 2014,
the Debtor has filed a Plan that proposes pay 100% of all allowed
claims of creditors and claimants.

Bankruptcy Judge Jeffery A. Deller has approved the Disclosure
Statement accompanying the Plan of Reorganization dated July 18,
2014, and has allowed the Debtor to begin soliciting votes on the
Plan.

The Disclosure Statement, as amended, notes that the estimated
pool of General Unsecured Claims does not account for the
contingent and unliquidated Claims of the Commonwealth of
Pennsylvania - Department of Community and Economic Development or
the Westmoreland County Industrial Development Corporation.  The
claims may arise in relation to a 2009 grant provided by the
Commonwealth to applicant Westmoreland for assistance in an amount
not to exceed $1,250,000 for the construction of road improvements
that benefitted the Debtor, Contract # C000044971.

In connection with the grant, the Debtor was required to make
certain capital expenditures and hire 50 employees within five
years.  Due to circumstances beyond the Debtor's control, the
Debtor was unable to hire the required amount of employees by the
end of the five-year term.  As a result, the Commonwealth and
Westmoreland may have recourse against the Debtor and could
potentially assert Claims against the Debtor in relation to the
grant.

If asserted, the Claims could be as high as the amount of the
grant, although the Debtor disputes the propriety and validity of
that Claim/recourse.  The Department of Community and Economic
Development has other options available to it as well, including
asserting a small Claim, waiving all Claims or extending the time
by which the Debtor must hire 50 new employees.

The Plan does not contemplate the allowance of a Claim relating to
the grant.  The assertion and allowance of a significant claim by
the Commonwealth or Westmoreland would create greater cash demands
on the Debtor and could impair its ability to implement or
consummate its Plan, asserts Michael J. Roeschenthaler, Esq., at
McGuireWoods LLP, in Pittsburgh, Pennsylvania.

A black-lined copy of the Disclosure Statement, as amended, is
available at no extra charge at:

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

                         About MSI Corp.

MSI Corporation filed a bare-bones Chapter 11 petition (Bankr.
W.D. Pa. Case No. 13-22457) in Pittsburgh on June 7, 2013.  Judge
Jeffery A. Deller presides over the case.  The Vandergrift,
Pennsylvania-based company estimated at least $10 million in
assets and less than $10 million in liabilities.

Albert's Capital Services LLC is the Debtor's chief restructuring
officer.  Michael J. Roeschenthaler, Esq., and Scott E. Schuster,
Esq., at McGuireWoods LLP, in Pittsburgh, serve as the Debtor's
counsel.  Geary & Loperfito LLC serves as special counsel.

No unsecured creditors was formed because no one responded to the
U.S. Trustee's communication for service on the committee.


MUNDY RANCH: Rabo AgriFinance Demands Payment of $25K
-----------------------------------------------------
Rabo Agrifinance, Inc., asks the U.S. Bankruptcy Court to enter an
order directing reorganized Mundy Ranch, Inc., to pay Rabo $10,000,
which is the unpaid balance of the prepayment premium, and $14,942,
which were the reasonable attorney's fees which Rabo incurred in
prosecuting its claim for the prepayment premium and defending
against the Reorganized Debtor's objection to the claim.

U.S. Bankruptcy Judge Robert Jacobvitz confirmed on June 2, 2014,
the Debtor's Second Amended Plan of Reorganization dated May 2,
2014, as modified.

The bankruptcy judge's order modifies some of the provisions of
the Second Amended Chapter 11 Plan related to Mundy Ranch's
pension plan.  One of these revised provisions requires Mundy Ranch
to take certain actions, which include completing a standard
termination of the pension plan, to resolve the priority claim of
the Pension Benefit Guaranty Corp.

Another plan provision modified by the court order relates to
Mundy Brothers' split-off.  The revised provision requires Mundy
Ranch to transfer some of its assets to Mundy Brothers in exchange
for the issuance to the company of 990 additional shares of Mundy
Brothers' single class of voting common stock.  After the assets
are transferred, Mundy Ranch will split-off Mundy Brothers.  The
company will distribute the stock of Mundy Brothers to the Brothers
Group in exchange for the Brothers Group's shares of stock in the
company.  Mundy Ranch will not effect the split-off until it has
made payment of Class 1 and 7 claims, according to the court
order.

The court order also modifies a plan provision concerning the
unsecured claim of Valley National Bank.  Pursuant to that
provision, the bank's unsecured claim resulting from the judgment
entered in its favor in the First Judicial District Court in New
Mexico is allowed in the amount of $115,425.  The claim will be
paid in full, with interest at 7.50% per annum.

A full-text copy of the Plan Confirmation Order is available
without charge at http://is.gd/p0MicM

                        About Mundy Ranch

Mundy Ranch Inc. -- http://www.mundyranch.com/-- is a family-  
owned corporation organized under the laws of the State of New
Mexico with its principal place of business in Rio Arriba County,
New Mexico.  Mundy Ranch sells undeveloped parcels of real
property in northern New Mexico which together occupy
approximately 6,000 acres of land.  The majority of the land
consists of an undivided 5,500 acre parcel, which is also called
Mundy Ranch.  Mundy Ranch scheduled the Mundy Ranch Parcel as
having a value of $17,000,000, with secured claims against the
Mundy Ranch Parcel in the amount of $2,095,000.  Mundy Ranch
generates substantially all of its revenue from developing and
selling parcels of land.  It generates a small amount of revenue
by selling Christmas trees.

Mundy Ranch, Inc., filed a Chapter 11 petition (Bankr. D. N.M.
Case No. 12-13015) in Albuquerque, New Mexico.  The Law Office of
George Dave Giddens, PC, in Albuquerque, serves as counsel to the
Debtor.  The Debtor estimated assets of $10 million to $50 million
and debts of up to $10 million.

Judge Robert Jacobvitz confirmed on June 2, 2014, the Debtor's
Second Amended Plan of Reorganization dated May 2, 2014, as
modified.



NICHOLS CREEK: Balks at Whitney Bank's Dismissal, Lift Stay Bid
---------------------------------------------------------------
Debtor Nichols Creek Development, LLC, asks the U.S. Bankruptcy
Court to deny Whitney Bank's motion to dismiss the Debtor's Chapter
11 case, or in the alternative, for relief from the automatic stay
with respect to the Debtor's property located at 9595 New Berlin
Court, Jacksonville.

The Debtor relate that Whitney Bank formerly known as Hancock Bank
cannot establish bad faith and is not entitled to relief under
Section 362 or Section 1112 of the Bankruptcy Code.  Additionally,
the Debtor said that there is a substantial equity cushion in the
property for Whitney and the property is not declining in value. In
fact, it agreed, subject to Court approval, to sell the property
for $14,900.

On Jan. 9, 2015, Hancock Bank, now Whitney Bank, filed proof of
claim in the amount of $8,753,776 regarding a loan secured by a
separate real estate parcel owned by another company.  On Feb. 4,
Hancock Bank, amended the proof of claim to change the amount of
the claim to $8,680,438.

The Debtor avers that the amended proof of claim is misleading on
its face and should be a claim amount of $0.

The Court will convene a preliminary hearing on Feb. 25, at 11:30
a.m., to consider the motion to dismiss the case.

Whitney Bank is represented by:

         Robert J. Stovash, Esq.
         Rachel E. Scherwin, Esq.
         STOVASH, CASE & TINGLEY, P.A.
         The VUE at Lake Eola
         220 North Rosalind Avenue
         Orlando, FL 32801
         Tel: (407) 316-0393
         Fax: (407) 316-8969
         E-mail: rstovash@sctlaw.com
                 rscherwin@sctlaw.com

The Debtor's counsel can be reached at:

         Jason A. Burgess, Esq.
         118 West Adams Street, Suite 900
         Jacksonville, FL 32202
         Tel: (904) 354-5065
         Fax: (904) 354-5069
         Tel: jason@jasonaburgess.com

                      About Nichols Creek

Nichols Creek Development, LLC, sought Chapter 11 bankruptcy
for protection (Bankr. M.D. Fla. Case No. 14-04699) on Sept. 26,
2014, in Jacksonville, Florida.  R.L. Mitchell signed the petition
as member manager.  The Debtor disclosed total assets of $21.7
million and total liabilities of $11.5 million.

The Debtor owns property at 9596 New Berlin Court, Jacksonville,
Florida, which is valued at $21.8 million and pledged as
collateral to secured creditors owed a total of $11.6 million.
There is no secured debt.

The Law Offices of Jason A. Burgess, LLC, serves as the Debtor's
counsel.



PARAMOUNT RESOURCES: S&P Raises LT Corp. Credit Rating to 'B'
-------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its long-term
corporate credit rating on Calgary, Alta.-based Paramount Resources
Ltd. to 'B' from 'B-'.  The outlook is positive.  At the same time,
Standard & Poor's raised its issue-level rating on the company's
senior unsecured debt to 'B+' from 'B'.  The recovery rating
remains '2', indicating substantial (70%-90%; lower end) recovery
in a default scenario.

"The upgrade reflects our view of the increased production
following the Musreau deep cut processing plant coming on stream;
Paramount is now producing about double the levels from two
quarters ago," said Standard & Poor's credit analyst Aniki
Saha-Yannopoulos.  The positive outlook reflects S&P's expectation
that with the completion of Keyera's de-ethanizer expansion by
mid-2015 Paramount's production should reach 70,000 barrels of oil
equivalent per day (boepd) and cash flow should improve
substantially leading to significantly improved credit measures.
S&P is aware that there could be some delays with the Musreau
facility operating at nameplate capacity (200 million cubic feet
per day); however, S&P don't expect them to materially stress the
company's forecast production and cash flow.

The 'B' rating on Paramount reflects S&P's anchor of 'b', based on
its "vulnerable" business risk and "aggressive" financial risk
profile assessments for the company.  Paramount operates mostly in
the Deep Basin trend in west-central Alberta.  As of Dec. 31, 2013,
the company had about 475 billion cubic feet equivalent of net
reserves (60% gas; 57% also proved developed).  S&P expects the
company's 2014 reserve profile to increase materially since the
Musreau deep-cut processing facility is fully operational.  As of
Sept. 30, 2014, the company had about C$1.3 billion in adjusted
debt (including about C$190 million in adjustments), of which asset
retirement obligations consist of about C$220 million.

The positive outlook reflects Standard & Poor's belief that
Paramount's production capacity will improve significantly to
70,000 boepd by year-end 2015, leading to significant improvement
in the company's cash flow.  Even under S&P's price deck
assumptions, it expects Paramount to improve its 2015 debt to
EBITDA below 3.5x and FFO-to-debt above 20%.

S&P would take a positive rating action when Paramount demonstrates
increasing production and cash flow as the Musreau plant operates
at full capacity, which might lead S&P to reassess the company's
business risk profile to "weak" from vulnerable.  S&P would expect
that, concurrent with increasing production, Paramount would
exhibit improving credit measures and maintain adequate liquidity.
S&P might also consider an upgrade if the company's weighted
three-year (2015-2017) average FFO-to-debt improved above 45%,
which S&P believes to be highly unlikely in the near term.

S&P would revise the outlook to stable if it was to expect
Paramount's performance to be significantly weaker than the
base-case scenario indicates, either due to a delay in production
or because the company's operating cost profile is weaker than S&P
is forecasting.  Specifically, if FFO-to-debt fell below 20% in the
next 12 months, an outlook revision to stable could occur.



PRECISION OPTICS: Reports $321,000 Net Loss for Second Quarter
--------------------------------------------------------------
Precision Optics Corporation, Inc. filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $321,000 on $977,000 of revenues for the
three months ended Dec. 31, 2014, compared to a net loss of
$252,000 on $1 million of revenues for the same period in 2013.

For the six months ended Dec. 31, 2014, the Company reported a net
loss of $618,000 on $1.80 million of revenues compared to a net
loss of $463,000 on $1.91 million of revenues for the same period
last year.

As of Dec. 31, 2014, Precision Optics had $2.48 million in total
assets, $1.40 million in total liabilities, all current, and $1.08
million in total stockholders' equity.

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

                        http://is.gd/zK27hg

                       About Precision Optics

Headquartered in Gardner, Massachusetts, Precision Optics
Corporation, Inc., has been a developer and manufacturer of
advanced optical instruments since 1982.  The Company designs and
produces high-quality micro-optics, medical instruments and other
advanced optical systems.  The Company's medical instrumentation
line includes laparoscopes, arthroscopes and endocouplers and a
world-class product line of 3-D endoscopes for use in minimally
invasive surgical procedures.

Precision Optics reported a net loss of $1.16 million on $3.65
million of revenues for the year ended June 30, 2014, compared to
a net loss of $1.78 million on $2.51 million of revenues for the
year ended June 30, 2013.  Precision Optics reported a net loss of
$380,000 for the quarter ended March 31, 2014.


RADIOSHACK CORP: Committee Balks at Standard General's Credit Bid
-----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Official Committee of Unsecured Creditors
appointed in RadioShack Corp.'s Chapter 11 case opposes Standard
General LP's credit bid for some of the retailer's stores and
asserted that the lender should instead buy the stores using cash.

As previously reported by The Troubled Company Reporter, Standard
General, through affiliate General Wireless Inc., offered a
purchase price consisting of cash in the amount of the cash
consideration and a credit against the amount of debt under
Standard General's credit facilities.

The APA provides that "cash consideration" means (i) an amount
equal to $3,000 multiplied by the number of acquired stores, plus
(ii) the amount by which the amount of the estimated credit bid
consideration exceeds the amount of debt under the credit
facilities held by Standard General at the closing.  Prior to the
Petition Date, the lenders under the five-year, $585 million
asset-based credit agreement sold all their interests to General
Retail Holdings L.P., whose general partner is an affiliate of
Standard General.

According to the Bloomberg report, the Committee said credit
bidding will "potentially freeze" out competition.  The committee
further complained that the $3,000-a-store price is inadequate for
assets not covered by Standard General’s lien because RadioShack
is asking for a minimum of $20,000 for each lease not being bought
in the going-concern transaction, the Bloomberg report said.

               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.


REICHHOLD HOLDINGS: Court Amends DIP Order for Settlement
---------------------------------------------------------
The U.S. Bankruptcy Court entered an order amending the final order
authorizing Reichhold Holdings US, Inc., et al., to obtain
postpetition secured financing.

As previously reported by The Troubled Company Reporter, Judge
Mary F. Walrath of the U.S. Bankruptcy Court for the District of
Delaware gave Reichhold interim authority to obtain postpetition
secured financing from Cantor Fitzgerald Securities, as
administrative and collateral agent, and Reichhold Holdings
International B.V.

The Debtors sought to obtain up to an aggregate amount of $106.4
million consisting of (a) up to $53.19 million from Cantor
Fitzgerald Securities, as administrative and collateral agent for a
consortium of lenders, ("Senior DIP Loan") and (b) up to $53.19
million from Reichhold BV, the Debtors' non-debtor foreign
affiliate ("Junior DIP Loan").

As a result of a settlement reached by the Official Committee of
Unsecured Creditors and the Junior DIP Lender at the Jan. 8, 2015
auction to sell substantially all of the Debtors' assets, the
Debtors, the Committee, and the DIP Agents and DIP Lenders, agreed
that the final DIP order is amended as:

   a) subject to the entry of a final non-appealable order
approving the sale of substantially all of the Debtors' assets, on
the closing date of the sale:

      i) the Junior DIP lender will pay Hahn & Hessen LLP, to be
      held in escrow, from their collateral the sum of $1.5
      million in cash, will be earmarked for and used solely to
      fund a distribution to general unsecured creditors of the
      Debtors  under a confirmed plan of liquidation or as
      otherwise pursuant to further order of the Bankruptcy Court;

      and

     ii) none of the claims held by the Junior DIP Agent, the
     Junior DIP Lender, the Prepetition Secured Notes Agent, or
     the Prepetition Secured Notes parties or any intercompany
     claims held by any affiliate of a Debtor will be payable from

     the payoff amount;

   b) upon the closing of the sale, to waive and release all junior
DIP obligations to the extent not included in any credit bid; and

   c) the fees and expenses payable to the Committee's
professionals from the Junior DIP lenders' collateral will be
limited to the amount set forth in the item for the Committee in
the budget.

The agreement also provides that:

   1. the Committee's right to seek, in connection with a sale, a
modification of the license agreement, and any claims associated
therewith, will have expired; and

   2. the final DIP order and all other documents, instruments and
agreements executed and delivered in connection therewith will
remain in full force and effect.

As reported in the Troubled Company Reporter on Nov. 3, 2014,
lawyers representing individuals with asbestos claims object to
Reichhold Holdings US, Inc.'s oppose final approval of $130 million
in financing for the company and a non-bankrupt affiliate.
According to the report, an ad hoc group representing asbestos
claimants object to giving lenders a security interest in insurance
policies that would cover their clients' damages.

                          About Reichhold

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

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

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

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

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

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

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

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

The cases are assigned to Judge Mary F. Walrath.

The U.S. Trustee for Region 3 appointed seven creditors of
Reichhold Holdings US, Inc. to serve on the official committee of
unsecured creditors.


The U.S. Bankruptcy Court authorized the amendment to the
litigation trust agreement between MIG LLC, et al., and Bank of New
York Mellon, as indenture trustee.

As reported in the Troubled Company Reporter on Dec. 8, 2014, the
indenture trustee, with the consent of the Debtor, the litigation
trustee, and a majority in aggregate amount of the Noteholders,
requested that the Court enter an order (i) approving the trust
agreement amendment, and (ii) confirming that the trust agreement
amendment does not affect any of the security interests in any
collateral under the collateral documents and the indenture or any
other applicable law.

Pursuant to the litigation trust agreement, the indenture, and
certain related security and collateral documents, the Indenture
Trustee (in its various capacities) can only exercise certain
remedies for the benefit of the Noteholders after it is directed
in writing by the litigation trustee.  For example, under the
indenture, the indenture trustee cannot take any action with
respect to any of the Noteholders' collateral that is stock
pledged to the indenture trustee for the benefit of the
Noteholders pursuant to the other security and collateral
agreements until it receives written instructions from the
litigation trustee.

The litigation trust currently has no operating funds, and is
unlikely to bring additional litigation on its own behalf.

On Oct. 31, 2014, the litigation trustee notified the Noteholders
and the Litigation Trust that it will resign upon the earlier of
an order of the Court approving the amendment to the Litigation
Trust Agreement, or eighty days from the date of the resignation
letter.

                          About MIG LLC

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

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection on June 30, 2014.  The cases are currently
jointly administered under Bankr. D. Del. Lead Case No. 14-11605.
As of the bankruptcy filing, MIG's sole valuable asset, beyond its
existing cash, is its indirect interest in Magticom Ltd.  The
cases are assigned to Judge Kevin Gross.  MIG LLC disclosed
$15.9 million in assets and $254 million in liabilities.

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

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

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

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



SIGA TECHNOLOGIES: Can Implement KERP for Top Managers
------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court for the
Southern District of New York authorized SIGA Technologies to
implement a key employee retention plan, which apples to key staff
employees below officer level, who play a critical role in the
continued successful and efficient operation of the Debtor's
business.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the Court put off its ruling until March 17 on
SIGA Technologies' request to pay annual performance bonuses to
senior executive officers.  As previously reported by The Troubled
Company Reporter, Siga Technologies sought to pay $680,000 in
performance bonuses to the four senior executive officers.

The amount of bonuses for lower-ranking managers was redacted from
publicly filed court papers, the Bloomberg report noted.

                     About SIGA Technologies

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

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

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

The Debtor's Chapter 11 plan and disclosure statement are due
May 14, 2015.

The Debtor disclosed total assets of $132 million and $7.95
million in liabilities as of the Chapter 11 filing.

The Statutory Creditors' Committee is represented by Martin J.
Bienenstock, Esq., Scott K. Rutsky, Esq., and Ehud Barak, Esq., at
PROSKAUER ROSE LLP.  The Committee tapped to retain Guggenheim
Securities, LLC, as its financial advisor and investment banker.


SNTECH INC: Creditors Wrangle Carveout with Senior Lender
---------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the Official Committee of Unsecured Creditors
for SNTech Inc. negotiated a settlement with secured lenders for a
carveout to benefit unsecured creditors.

According to the report, the deal calls for secured lenders with
$6.8 million in claims to set aside $250,000 from sale proceeds for
unsecured creditors.  A formula for the carveout kicks in if sale
proceeds don't completely cover secured debt, and the lenders
released about $575,000 in accounts received for unsecured
creditors, who also get the right to prosecute lawsuits, the report
related.

As previously reported by The Troubled Company Reporter, SNTech has
proposed a Feb. 25 auction for its assets.

SNTech Inc. -- http://www.sntech.com/-- is a developer of "smart"

electric motors.  SNTech on Dec. 18, 2014, disclosed that it filed
a voluntary petition for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D. Ariz. Case No. 14-17914).  The
Company intends for the Chapter 11 filing to enable it to seek an
acquirer through an expeditious 11 U.S.C. Sec. 363 sale process.
The case is assigned to Judge Eddward P. Ballinger Jr.  The
Debtor's counsel is Teresa M Pilatowicz, Esq., at Gordon Silver.


SOURCE HOME: Court Confirms Ch. 11 Liquidation Plan
---------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware on Feb. 20, 2015, confirmed the First Amended Joint Plan
of Liquidation of Source Home Entertainment, LLC, and its debtor
affiliates, after determining that the liquidation plan satisfies
all requirements for confirmation under Section 1129 of the
Bankruptcy Code.

Class 4 and Class 5, which were the only classes of claims required
to vote on the Plan, voted to accept the Plan.

The plan proposes to give less than 1% to holders of general
unsecured claims.  Holders of Other Priority Claims, Other Secured
Claims, and Revolving Credit Claims will recover 100% of their
allowed claim amount.

On the effective date, the General Unsecured Claims Reserve will be
funded from the GUC Reserve Funding Source with $4.5 million,
subject to certain adjustments.

A key component of the Plan is the Sale Transaction.  Prior to the
Petition Date, the Debtors engaged in arm's-length negotiations
with the Term Loan Lenders regarding a potential sale of
substantially all of the assets of the Retail Display Business.
These negotiations culminated with the execution of the asset
purchase agreement, dated June 22, 2014, by and among the Debtors
and Cortland Capital Market Services LLC.  An auction for the
Debtors' assets was not pushed through because no qualified bid,
aside from Cortland's, was received by the Sept. 12, 2014,
deadline despite the Debtors' best efforts.  Accordingly, the sale
transaction contemplated by the Cortland Purchase Agreement was
the successful bid.

Pursuant to the Purchase Agreement, the Purchaser will credit bid
$24 million of its secured claims under the Term Loan Facility in
exchange for substantially all of the assets comprising the Retail
Display Business and $4 million in cash and cash equivalents,
subject to certain adjustments.  The Purchaser will also assume
certain material liabilities in connection with the Retail Display
Business, including certain cure obligations and employee- and
payroll-related liabilities.

The Confirmation Order provides that the storage lease between
Debtor Source Interlink Distribution, LLC, and Donrey Corporation,
d/b/a Bonita Storage Inn, is deemed to not be automatically
rejected upon the effective date of the Plan but will only be
rejected effective upon 30 days' notice on or after May 31, 2015.

Each of the Debtors, the Coral Springs Lender and The Enthusiast
Network, LLC, agreed that Source Distribution will transfer to TEN
all right, title and interest in and to the fee ownership interest
in the land and buildings located at 4250 Coral Ridge Drive, in
Coral Springs, Florida.  In consideration for the transfer of the
interest, TEN will will assume all of the Debtors' obligations due
and owing under the Coral Springs Loan.

A full-text copy of the Confirmation Order is available at
http://bankrupt.com/misc/SOURCEHOMEplanord0220.pdf

                 About Source Home Entertainment
                       and Source Interlink

Headquartered in Bonita Springs, Florida, Source Home
Entertainment, LLC, manufactures front-end retail checkout
displays
and is a leading distributor of books, periodicals, and other
printed material.  Its distribution network spans over 32,500
retail locations in the U.S. and abroad.

In the twelve months ended April 30, 2014, Source Home generated
revenues totaling approximately $600 million on a consolidated
basis.  As of March 31, 2014, Source Home had assets (not including
goodwill or intangibles) of $205 million and liabilities of
approximately $290 million.  Source Interlink Distribution, LLC
disclosed $82.7 million in assets and $104.5 million in
liabilities.

Source Home, Source Interlink Manufacturing, LLC, and other
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-11553) on June 23, 2014, to sell their front-end retail
display fixtures business to lenders, absent higher and better
offers.  The Debtors are winding down their books distribution
business.

The Debtors have tapped Kirkland & Ellis LLP as general bankruptcy
and corporate counsel; Young Conaway Stargatt & Taylor, LLP, as
co-counsel, FTI Consulting, Inc., as crisis and turnaround advisor;
and Kurtzman Carson Consultants, LLC, as claims agent.  Stephen
Dube has been designated by the Debtors to act as chief
restructuring officer and Joshua Korsower to act as chief financial
officer.

The United States Trustee for Region 3 appointed seven creditors to
serve on the Official Committee of Unsecured Creditors.  The
Committee is represented by Lowenstein Sandler LLP, and Duane
Morris LLP.  The Committee tapped PricewaterhouseCoopers LLP as its
financial advisor.



SOURCE HOME: Judge Extends Deadline to Remove Suits to May 19
-------------------------------------------------------------
U.S. Bankruptcy Judge Kevin Gross has given Source Home
Entertainment LLC until May 19 to file notices of removal of
lawsuits involving the company and its affiliates.

                 About Source Home Entertainment
                       and Source Interlink

Headquartered in Bonita Springs, Florida, Source Home
Entertainment, LLC, manufactures front-end retail checkout displays
and is a leading distributor of books, periodicals, and other
printed material.  Its distribution network spans over 32,500
retail locations in the U.S. and abroad.

In the twelve months ended April 30, 2014, Source Home generated
revenues totaling $600 million on a consolidated basis.  As of
March 31, 2014, Source Home had assets (not including goodwill or
intangibles) of $205 million and liabilities of approximately $290
million.  Source Interlink Distribution, LLC, disclosed $82.7
million in assets and $104.5 million in liabilities.

Source Home, Source Interlink Manufacturing, LLC, and other
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-11553) on June 23, 2014, to sell their front-end retail
display fixtures business to lenders, absent higher and better
offers.  The Debtors are winding down their books distribution
business.

The Debtors have tapped Kirkland & Ellis LLP as general bankruptcy
and corporate counsel; Young Conaway Stargatt & Taylor, LLP, as
co-counsel, FTI Consulting, Inc., as crisis and turnaround advisor;
and Kurtzman Carson Consultants, LLC, as claims agent.  Stephen
Dube has been designated by the Debtors to act as chief
restructuring officer and Joshua Korsower to act as chief financial
officer.

The United States Trustee for Region 3 appointed seven creditors to
serve on the Official Committee of Unsecured Creditors.  The
Committee is represented by Lowenstein Sandler LLP, and Duane
Morris LLP.  The Committee tapped PricewaterhouseCoopers LLP as its
financial advisor.


T.E. BERTAGNOLLI: Case Summary & 2 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: T.E. Bertagnolli & Associates
        P O BOX 2577
        Carson City, NV 89702  

Case No.: 15-50215

Chapter 11 Petition Date: February 20, 2015

Court: United States Bankruptcy Court
       District of Nevada (Reno)

Judge: Hon. Bruce T. Beesley

Debtor's Counsel: Stephen R Harris, Esq.
                  HARRIS LAW PRACTICE LLC
                  6151 Lakeside DR, Ste 2100
                  Reno, NV 89511
                  Tel: (775) 786-7600
                  Fax: (775) 786-7764
                  Email: steve@harrislawreno.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Tim E. Bertagnolli, president.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/nvb15-50215.pdf


TENGION INC: Trustee Selling Assets for Debt and Cash
-----------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the assets of Tengion Inc., will be sold by a
Chapter 7 trustee to RegenMedTX LLC for $1.5 million cash and $20.6
million of secured debt, assuming no one appears with a better
offer at a Feb. 20 hearing in U.S. Bankruptcy Court in Delaware.

According to the report, the sale includes a commitment where 5
percent of the cash portion of the price is earmarked exclusively
for unsecured creditors.

The case is In re Tengion Inc., 14-12829, U.S. Bankruptcy Court,
District of Delaware (Wilmington).


TERRI RUNNING: Annuity Bought With IRA Money Remains Exempt Asset
-----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Court of Appeals for the Eighth
Circuit ruled on Feb. 13 that an annuity bought with $267,000 from
an individual retirement account is an exempt asset.

According to the report, U.S. Circuit Judge Raymond W. Gruender,
writing for a three-member appeals panel, said the issue has been
tackled by only one other court -- a bankruptcy court in
Massachusetts, which reached the same result in 2011.

The case is Terri Running v. Joseph Miller, Case No. 13-3682 (8th
Cir.).


TERRY'S TIRES: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Terry's Tires & Wheels, Inc.
        1554 E. Henderson St.
        Cleburne, TX 76031

Case No.: 15-30757

Chapter 11 Petition Date: February 21, 2015

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Harlin DeWayne Hale

Debtor's Counsel: Edwin Paul Keiffer, Esq.
                  WRIGHT GINSBERG BRUSILOW P.C.
                  Republic Center, Suite 4150
                  325 North St. Paul Street
                  Dallas, TX 75201
                  Tel: (214) 651-6517
                  Fax: (214) 744-2615
                  Email: pkeiffer@wgblawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mark Terry, president.

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


THERAPEUTICSMD INC: Closes Offering of 13.5 Million Common Shares
-----------------------------------------------------------------
TherapeuticsMD, Inc., entered into an underwriting agreement with
Cowen and Company, LLC, as the representative of the several
underwriters, relating to an underwritten public offering of
13,580,246 shares of the Company's common stock, par value $0.001
per share, at a public offering price of $4.05 per share.  Under
the terms of the Underwriting Agreement, the Company granted the
Underwriters a 30-day option to purchase up to an aggregate of
2,037,036 additional shares of Common Stock, which option has been
exercised in full.  The net proceeds to the Company from the
offering are expected to be approximately $59.1 million, after
deducting underwriting discounts and commissions and other
estimated offering expenses payable by the Company.  The offering
closed on Feb. 17, 2015.

The offering is being made pursuant to the Company's effective
shelf registration statement on Form S-3 (Registration No.
333-201171) previously filed with the Securities and Exchange
Commission and a preliminary and final prospectus supplement
thereunder.

                        About TherapeuticsMD

Boca Raton, Florida-based TherapeuticsMD, Inc. (OTC QB: TXMD) is a
women's healthcare product company focused on creating and
commercializing products targeted exclusively for women.  The
Company currently manufactures and distributes branded and generic
prescription prenatal vitamins as well as over-the-counter
vitamins and cosmetics.  The Company is currently focused on
conducting the clinical trials necessary for regulatory approval
and commercialization of advanced hormone therapy pharmaceutical
products designed to alleviate the symptoms of and reduce the
health risks resulting from menopause-related hormone
deficiencies.

TherapeuticsMD reported a net loss of $28.4 million in 2013, a
net loss of $35.1 million in 2012, and a net loss of $12.9
million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $74.6 million
in total assets, $11 million in total liabilities, all current, and
$63.6 million in total stockholders' equity.


TIFFANY WALKER: Lender Gets No Slack for Filing Late Claim
----------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. District Judge Lance M. Africk in New
Orleans in a Feb. 6 opinion acknowledged that the U.S. Court of
Appeals in New Orleans allows a creditor to amend a claim filed by
a bankrupt after the bar date "pursuant to its equitable powers"
but because a lender gave no justification for its failure to file
a claim within a window of almost five months, Judge Africk upheld
a bankruptcy court's ruling, refusing to permit the late claim.

According to the report, the judge said that status as a secured
creditor "does not absolve it of its responsibility to diligently
protect its claim and abide by the bankrupt court's deadlines."

The case is In re Walker, 14-1505, U.S. District Court, Eastern
District Louisiana (New Orleans).


TRUMP ENTERTAINMENT: Icahn Settles with Unsecured Creditors
-----------------------------------------------------------
Carl Icahn reached a settlement with the Official Committee of
Unsecured Creditors appointed in the Chapter 11 cases of Trump
Entertainment Resorts Inc., et al., resolving disputes relating to
the casino operator's reorganization plan, various news sources
reported.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the settlement allows Mr. Icahn to increase his
casino holdings in Atlantic City, New Jersey.  In exchange for the
support towards the reorganization plan backed by Mr. Icahn,
unsecured creditors will have $3.5 million, up from the $1.0
million under previous plans.

The Bloomberg report pointed out that the committee wanted to sue
Mr. Icahn because they saw the $1 million offered in the plan as
inadequate for as much as $232 million of unsecured claims.  The
deal will terminate if Trump fails to win approval of its Chapter
11 exit strategy, Law360 reported.

In a separate news, Bloomberg noted that Mr. Icahn's ability to buy
the two Trump casinos on schedule at a March 12 plan-confirmation
hearing was put in doubt by a footnote in an opinion handed down by
U.S. Bankruptcy Judge Kevin Gross in Delaware.  According to the
Bloomberg report, the footnote stated that "delay in meeting
discovery demands" in relation to the committee's request to sue
Mr. Icahn over the validity of his security interest in $17.5
million of so-called cage cash "could result in an adjournment of
the confirmation hearing."

At the confirmation hearing, the judge said, he expects to have
evidence about the settlement grafted onto the Icahn debt-swap
plan, Bloomberg said.  Because the plan offers unsecured creditors
only $1 million, Judge Gross said "it is no wonder" the committee
wants to sue rather than count on the "generosity" of a plan that
"largely inures to the benefit of the secured parties who are
swapping debt for equity, and are also seeking releases," Bloomberg
added.

                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.


TS EMPLOYMENT: Trustee Sought Amid Failure to Pay Taxes
-------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Trustee filed a request for the
appointment of a Chapter 11 trustee, saying the "recently"
discovered failure to pay the Internal Revenue Service as much as
$100 million in withholding taxes, was "difficult to comprehend"
given how the company's expertise "presumably" includes paying
payroll taxes.

According to the report, the U.S. Trustee asked a bankruptcy judge
in Manhattan to appoint a Chapter 11 trustee because the tax
liability resulted from "management's failure to pay multiple
quarters of payroll taxes."  The U.S. Trustee said the company
can't fend off a trustee by having a chief restructuring officer
who's not authorized to sue management, the report related.

                         About TS Employment

Based in New York, TS Employment Inc. is a professional employer
organization that provides payroll-related services.  Its only
customer is publicly held Corporate Resource Services, Inc., a
diversified technology, staffing, recruiting, and consulting
services firm.  TS processes payroll of up to 30,000 employees.

TS Employment sought Chapter 11 for protection (Bankr. S.D.N.Y.
Case No. 15-10243) in Manhattan on Feb. 2, 2015.  Judge Martin
Glenn is assigned to the case.

The Debtor estimated at least $100 million in assets and debt.

The Debtor tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.


VIGGLE INC: Accel No Longer Owns Shares as of Dec. 31
-----------------------------------------------------
Accel IX L.P., Accel IX Strategic Partners L.P., Accel IX
Associates L.L.C. and Accel Investors 2007 L.L.C. disclosed in a
regulatory filing with the U.S. Securities and Exchange Commission
that they no longer owned shares of common stock of Viggle Inc.
as of Dec. 31, 2014.  A copy of the regulatory filing is available
for free at http://is.gd/r2Nd0r

                            About Viggle

New York City-based Viggle Inc. is a loyalty marketing company.
The Company has developed a loyalty program for television that
gives people real rewards for checking into the television shows
they are watching on most mobile operating system.  Viggle users
can redeem their points in the app's rewards catalog for items
such as movie tickets, music, or gift cards.

Viggle reported a net loss of $68.4 million on $18 million of
revenues for the year ended June 30, 2014, compared with a net
loss of $91.4 million on $13.9 million of revenues for the year
ended June 30, 2013.

As of Dec. 31, 2014, the Company had $72.1 million in total assets,
$51.02 million in total liabilities, $3.75 million in series C
convertible redeemable preferred stock, and $17.4 million in total
stockholders' equity.

BDO USA, LLP, 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
has suffered recurring losses from operations and at June 30,
2014, has a deficiency in working capital that raises substantial
doubt about its ability to continue as a going concern.


VOGUE I'NT'L: Moody's Affirms B2 Corp Family Rating, Outlook Stable
-------------------------------------------------------------------
Moody's Investors Service affirmed Vogue International LLC's B2
Corporate Family Rating (CFR) following its launch of a proposed
$205 million incremental term loan.  Moody's also affirmed the B2
senior secured rating of Vogue's bank facilities, including the
incremental term loan.  Proceeds will fund a distribution to
shareholders.  The outlook remains stable.  This incremental term
loan represents the same financing the company originally pursued
in December 2014, and is not a second incremental term loan.

Moody's views the increase in the term loan to fund a shareholder
distribution as a credit negative, as it will increase debt/EBITDA
from 3 times (LTM at 9/30/2014) to approximately 4.6 times
(including Moody's standard adjustments).  Moody's believes that
the dividend -- the company's first since the recapitalization in
early 2014 -- is evidence of increasingly aggressive financial
policies.  To the extent that other shareholder-friendly moves
further erode the company's credit metrics, the risk of downgrade
will increase. Moody's believes that the Vogue's small scale
relative to much larger competitors, its product and customer
concentration, and its moderately high financial leverage subject
the company to potential earnings volatility.  Pro forma for the
increase in the term loan, Vogue has limited financial flexibility
within its B2 rating.

That said, Moody's believes that the company's credit metrics will
benefit from ongoing innovations and expanded distribution over the
next 12 to 18 months which will continue to support its strong
growth -- albeit off of a small base.  The affirmation of Vogue's
ratings was predicated on Moody's expectation that modest EBITDA
improvement and positive free cash flow will enable the company to
reduce its debt-to-EBITDA leverage to around 4.0 times over the
next year.

Ratings Affirmed:

Vogue International LLC:

   -- Corporate Family Rating, at B2

   -- Probability of Default Rating, at B3-PD

   -- $30 million senior secured revolving credit facility
      expiring 2019 at B2 (LGD 3)

   -- $620 million senior secured term loan due 2020 at B2
      (LGD 3)

   -- Outlook Stable

Vogue's B2 CFR reflects its modest scale, limited operating history
at current sales levels, narrow product focus, high customer
concentration, strong competition and moderately high pro-forma
leverage.  Moody's nevertheless believes that revenue growth will
slow to the low single digits as distribution gains moderate, and
that earnings are vulnerable to changing customer demand and
competitor actions.  Moody's projects that Vogue's moderate
debt-to-EBITDA leverage (4.6x LTM 9/30/14 incorporating Moody's
standard adjustments) will decline over the next 12 months as the
company continues to grow.  However, leverage is vulnerable to
swings based on anticipated EBITDA volatility and event risk under
partial private equity ownership.  Vogue is also heavily reliant on
its founder, which creates succession risk. Vogue's ratings are
supported by its good market position in a niche segment of the
hair care category, recent significant market share gains, and
positive projected free cash flow.  The company has good insight
into consumer preferences for shampoos and conditioners and is
benefiting from significant distribution gains in recent years.

Vogue's stable rating outlook reflects Moody's view that the
company will continue to benefit from distribution gains to grow
revenue and EBITDA over the next 12 months and that the company
will maintain a good liquidity position.  Moody's projects that
debt-to-EBITDA leverage will decline to around 4.0 times over the
next 12 months.

Customer or competitor actions that pressure Vogue's revenue and
EBITDA through a deterioration in market share, retail distribution
or pricing could result in a downgrade.  Acquisitions, shareholder
distributions or other actions that increase debt-to-EBITDA
leverage above 4.5x on a sustained basis, or a deterioration in
liquidity could also result in a downgrade.

An upgrade is unlikely at this time, but could be considered if
Vogue increases its scale and product diversity, demonstrates a
longer-term track record of profitable growth, and develops a solid
succession plan.  Vogue would also need to maintain conservative
financial policies including debt-to-EBITDA leverage below 3.0x and
maintain a good liquidity position to be considered for an
upgrade.

The principal methodology used in this rating was the Global
Packaged Goods published in June 2013.  Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.

Vogue, headquartered in Clearwater, FL, develops, markets,
distributes and sells hair care products primarily to mass market
consumers.  Vogue's main brand is OGX, with its styling brand -- FX
Effects -- accounting for less than 5% of revenue.  Vogue is 51%
owned by its founder Todd Christopher, and 49% by The Carlyle
Group. Revenue for the 12 months ended September 2014 was less than
$300 million.


WATERFORD GAMING: S&P Withdraws All Ratings
-------------------------------------------
Standard & Poor's Ratings Services said on Feb. 20, 2015, that it
withdrew all ratings on Waterford Gaming LLC.

"We had previously lowered the ratings on Waterford Gaming,
including lowering the corporate credit rating to 'D' from 'CC',
following the company's inability to repay the principal on its
senior unsecured notes at maturity," said Standard & Poor's credit
analyst Carissa Schreck.



WINLAND OCEAN SHIPPING: Court Issues Ch. 11 Stay Order
------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas, Victoria Division, issued an order enforcing and
restating automatic stay so that all persons, including but not
limited to China Merchants Bank Co. Ltd., Grand Capital
International Limited, Milestone Shipping, S.A., and Citic Bank
Co., Ltd., are stayed, restrained and enjoined from:

   (a) commencing or continuing any judicial, administrative, or
other action or proceeding against the Debtors that was or could
have been commenced before the commencement of the Debtors' Chapter
11 cases or recovering a claim against the Debtors that arose
before the commencement of the Debtors' Chapter 11 cases;

   (b) enforcing, against the Debtors or against property of their
estates, a judgment or order obtained before the commencement of
the Debtors' Chapter 11 cases;

   (c) taking any action to obtain possession of property of the
Debtors' estates or to exercise control over property of the
estates or interfere in any way with the conduct by the Debtors of
their businesses, including, without limitation, attempts to
interfere with deliveries or events or attempts to arrest, seize or
reclaim any vessels, ships, equipment, supplies or other assets the
Debtors use in their businesses;

   (d) taking any action to create, perfect or enforce any lien
against property of the Debtors' estates;

   (e) taking any action to create, perfect or enforce against
property of the Debtors any lien to the extent that that lien
secures a claim that arose prior to the Petition Date;

   (f) taking any action to collect, assess or recover a claim
against the Debtors that arose prior to the Petition Date;

   (g) offsetting any debt owing to the Debtors that arose before
the Petition Date against any claim against the Debtors; and

   (h) commencing or continuing any proceeding before the U.S. Tax
Court concerning the Debtors.

                       About Winland Ocean Shipping

Winland Ocean Shipping Corp. is mainly engaged in ocean
transportation of dry bulk cargoes worldwide through the ownership
and operation of dry bulk vessels and chartering brokerage
services. The company operates in the People's Republic of China,
Japan, Korea, the Russian Federation, and southern and eastern
Asia.  Winland Ocean Shipping is based in Sheung Wan, Hong Kong.

Winland Ocean Shipping Corporation and its five affiliates sought
protection under Chapter 11 of the Bankruptcy Code on Feb. 12, 2015
(Bankr. S.D. Tex., Case No. 15-60007).  The case is assigned to
Judge David R Jones.

The Debtors are represented by Matthew Scott Okin, Esq., George Y.
Nino, Esq., and Ruth E. Piller, Esq., at Okin & Adams LLP, in
Houston, Texas.  The petition was signed by Robert E. Ogle, chief
restructuring officer.



WINLAND OCEAN SHIPPING: Needs Until March 30 to File Schedules
--------------------------------------------------------------
Winland Ocean Shipping Corporation, et al., ask the U.S. Bankruptcy
Court for the Southern District of Texas, Victoria Division, to
extend to March 30, 2015, the time to file schedules of assets and
liabilities and statements of financial affairs.

Ruth E. Piller, Esq., at Okin & Adams LLP, in Houston, Texas, tells
the Court that the size and complexity of the bankruptcy cases, the
number of Debtors and the volume of material that must be compiled
and reviewed by the Debtors' staff to complete the Schedules and
Statements for each of the Debtors during the early days of the
Chapter 11 cases provide ample cause justifying this requested
extension.  Indeed, Ms. Piller notes, the original records are in
China, the documents are in Chinese and a significant portion of
the Debtors' staff do not speak English.  In addition, the
fourteen-hour time difference between Houston and China makes
communication with the Chinese office onerous, Ms. Piller says.

                   About Winland Ocean Shipping

Winland Ocean Shipping Corp. is mainly engaged in ocean
transportation of dry bulk cargoes worldwide through the ownership
and operation of dry bulk vessels and chartering brokerage
services. The company operates in the People's Republic of China,
Japan, Korea, the Russian Federation, and southern and eastern
Asia.  Winland Ocean Shipping is based in Sheung Wan, Hong Kong.

Winland Ocean Shipping Corporation and its five affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Case No. 15-60007) on Feb. 12, 2015.  The case is assigned to
Judge David R Jones.

The Debtors are represented by Matthew Scott Okin, Esq., George Y.
Nino, Esq., and Ruth E. Piller, Esq., at Okin & Adams LLP, in
Houston, Texas.  The petition was signed by Robert E. Ogle, chief
restructuring officer.



WINLAND OCEAN SHIPPING: Seeks to Use CMB Cash Collateral
--------------------------------------------------------
Winland Ocean Shipping Corporation, et al., seek authority from the
U.S. Bankruptcy Court for the Southern District of Texas, Victoria
Division, to use cash collateral securing their prepetition
indebtedness from China Merchants Bank Co., Ltd., as working
capital in the operation of their business.

The Debtors' acquisition of two of the Vessels -- M.V. Fon Tai and
M.V. Rui Lee -- was partially financed with funds loaned by CMB.
By a certain facility agreement dated March 26, 2010, made by and
among CMB, as lender, Fon Tai and Won Lee, as joint and several
borrowers, SkyAce, as corporate guarantor, and Li and Xue as
individual guarantors, CMB made available to Fon Tai and Won Lee a
secured loan facility of $37 million for the finance and
construction of M.V. Fon Tai and M.V. Rui Lee.

As of June 30, 2011, the Debtors drew down $37 million from the CMB
Facility for the purpose of commencing the building of these two
vessels.  Currently, there is approximately $25.9 million
outstanding in principal plus accrued interest on the CMB
Facility.

As adequate protection for the diminution in value of Cash
Collateral, the Debtors will (i) provide an existing equity
cushion, (ii) maintain the value of their business as a
going-concern, (iii) provide replacement liens upon now owned and
after acquired cash to the extent of any diminution in value of
Cash Collateral, and (iv) provide superpriority administrative
claims to the extent of any diminution in value of Cash Collateral.


                   About Winland Ocean Shipping

Winland Ocean Shipping Corp. is mainly engaged in ocean
transportation of dry bulk cargoes worldwide through the ownership
and operation of dry bulk vessels and chartering brokerage
services. The company operates in the People's Republic of China,
Japan, Korea, the Russian Federation, and southern and eastern
Asia.  Winland Ocean Shipping is based in Sheung Wan, Hong Kong.

Winland Ocean Shipping Corporation and its five affiliates sought
protection under Chapter 11 of the Bankruptcy Code on Feb. 12, 2015
(Bankr. S.D. Tex., Case No. 15-60007).  The case is assigned to
Judge David R Jones.

The Debtors are represented by Matthew Scott Okin, Esq., George Y.
Nino, Esq., and Ruth E. Piller, Esq., at Okin & Adams LLP, in
Houston, Texas.  The petition was signed by Robert E. Ogle, chief
restructuring officer.



[*] Junk Default Rate May Increase Later This Year, Moody's Says
----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Moody's Investors Service said the junk-bond
default rate in the U.S. ended January at 1.9 percent, unchanged
from December, based on the number of companies that defaulted in
the past year.

According to Moody's, when measured by dollar volume, the picture
looks slightly different, with the junk default rate rising to 2.5
percent in January from 1.8 percent in December, thanks to the
Chapter 11 filing of Caesars Entertainment Operating Co. and its
$20 billion in debt.  Worldwide, the junk default rate will rise by
year-end to 2.7 percent, and increase again in January 2016 to 2.8
percent, Moody's predicted, according to the report.


[*] Settled Issue Isn't Ground for "Withdrawal of Reference"
------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that a bank filed claims for $1,900 against someone
in Chapter 13 and as a counterclaim, the debtor sued in bankruptcy
court contending that the claims were time-barred and violated the
federal Fair Debt Collection Practices Act, or FDCPA.  The bank
asked U.S. District Judge Karon O. Bowdre in Birmingham, Alabama,
to withdraw the suit from bankruptcy court because it involves
resolution of non-bankruptcy federal law, namely the FDCPA, tthe
report related.

The report said Judge Bowdre declined, following the school of
thought that there must be more than "mere application of
well-settled" law to justify so-called mandatory withdrawal of the
reference.  The judge said
the conduct was exactly the same as in a case in which the U.S.
Court of Appeals in Atlanta ruled against the same bank and found a
violation of the FDCPA, the report said.

The case is Slaughter v. LVNV Funding LLC, 14-mc-2050, U.S.
District Court, Northern District Alabama (Birmingham).


[] Junk Debt Maturity Wall Pushed Back to 2018-2019 by Moody's
--------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the so-called maturity wall, long sought by
underemployed bankruptcy professionals, has been pushed back to
2018 through 2019.

Taking advantage of cheap credit, junk-rated companies have been
able to refinance maturing debt, with the result that $791 billion
is due from this year through 2019, the Bloomberg report said,
citing Moody's Investors Service.  Of the total, 74 percent, or
$585 billion, matures in 2018 and 2019, Moody's said, the report
related.


[^] Large Companies With Insolvent Balance Sheet
------------------------------------------------
                                                  Total
                                                 Share-      Total
                                     Total     Holders'    Working
                                    Assets       Equity    Capital
  Company          Ticker             ($MM)        ($MM)     
($MM)
  -------          ------           ------     --------    -------
ABSOLUTE SOFTWRE   ABT CN            138.6        (11.0)     
(2.4)
ABSOLUTE SOFTWRE   OU1 GR            138.6        (11.0)     
(2.4)
ABSOLUTE SOFTWRE   ALSWF US          138.6        (11.0)     
(2.4)
AC SIMMONDS & SO   ACSX US             1.4         (0.4)     
(1.5)
ACCRETIVE HEALTH   ACHI US           510.0        (85.6)    
(17.7)
ACCRETIVE HEALTH   6HL GR            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    AXQ GR            434.9        (64.8)   
(122.0)
ADVENT SOFTWARE    ADVS US           434.9        (64.8)   
(122.0)
AGILE THERAPEUTI   AGRX US            60.9         42.4       39.8
AGILE THERAPEUTI   0AL GR             60.9         42.4       39.8
AIR CANADA         ADH2 GR        10,648.0     (1,133.0)    
(59.0)
AIR CANADA         ADH2 TH        10,648.0     (1,133.0)    
(59.0)
AIR CANADA         ACEUR EU       10,648.0     (1,133.0)    
(59.0)
AIR CANADA         ACDVF US       10,648.0     (1,133.0)    
(59.0)
AIR CANADA         AC CN          10,648.0     (1,133.0)    
(59.0)
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
AK STEEL HLDG      AK2 TH          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
AMYLIN PHARMACEU   AMLN US         1,998.7        (42.4)     263.0
ANGIE'S LIST INC   8AL GR            154.5        (22.2)    
(13.3)
ANGIE'S LIST INC   8AL TH            154.5        (22.2)    
(13.3)
ANGIE'S LIST INC   ANGI US           154.5        (22.2)    
(13.3)
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       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)
AUTOZONE INC       AZ5 QT          7,717.1     (1,662.8)
(1,383.4)
AVALANCHE BIOTEC   AVU GR            167.2        155.7      161.9
AVALANCHE BIOTEC   AAVL US           167.2        155.7      161.9
AVID TECHNOLOGY    AVID US           197.2       (341.2)   
(173.2)
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   BRPIF US        2,115.5         (9.5)     184.7
BRP INC/CA-SUB V   DOO CN          2,115.5         (9.5)     184.7
BURLINGTON STORE   BUI GR          2,796.9       (167.9)      77.6
BURLINGTON STORE   BURL US         2,796.9       (167.9)      77.6
CABLEVISION SY-A   CVY GR          6,563.7     (5,068.0)     158.9
CABLEVISION SY-A   CVC US          6,563.7     (5,068.0)     158.9
CABLEVISION-W/I    8441293Q US     6,563.7     (5,068.0)     158.9
CABLEVISION-W/I    CVC-W US        6,563.7     (5,068.0)     158.9
CADIZ INC          2ZC GR             56.0        (49.7)       3.0
CADIZ INC          CDZI US            56.0        (49.7)       3.0
CAESARS ENTERTAI   CZR US         24,491.5     (3,714.4)   1,363.3
CAESARS ENTERTAI   C08 GR         24,491.5     (3,714.4)   1,363.3
CASELLA WASTE      CWST US           661.8         (6.7)     
(0.5)
CENTENNIAL COMM    CYCL US         1,480.9       (925.9)    
(52.1)
CHOICE HOTELS      CHH US            664.2       (397.0)     206.0
CHOICE HOTELS      CZH GR            664.2       (397.0)     206.0
CIENA CORP         CIEN US         2,072.6        (69.6)     912.1
CIENA CORP         CIE1 TH         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         CIE1 QT         2,072.6        (69.6)     912.1
CINCINNATI BELL    CBB US          1,952.6       (584.4)      50.1
CLEAR CHANNEL-A    C7C GR          6,362.4       (140.9)     362.1
CLEAR CHANNEL-A    CCO US          6,362.4       (140.9)     362.1
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
CLIFFS NATURAL R   CVA TH          3,199.2     (1,699.1)     489.2
CLIFFS NATURAL R   CLF* MM         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)
CVSL INC           CVSL US            66.0         (4.7)       2.8
DIPLOMAT PHARMAC   DPLO US           322.7          6.6     
(39.9)
DIPLOMAT PHARMAC   7DP GR            322.7          6.6     
(39.9)
DIPLOMAT PHARMAC   7DP TH            322.7          6.6     
(39.9)
DIRECTV            DIG1 GR        25,459.0     (4,828.0)   1,860.0
DIRECTV            DTV SW         25,459.0     (4,828.0)   1,860.0
DIRECTV            DTV US         25,459.0     (4,828.0)   1,860.0
DIRECTV            DTVEUR EU      25,459.0     (4,828.0)   1,860.0
DIRECTV            DTV CI         25,459.0     (4,828.0)   1,860.0
DOMINO'S PIZZA     EZV TH            510.9     (1,281.7)     112.9
DOMINO'S PIZZA     EZV GR            510.9     (1,281.7)     112.9
DOMINO'S PIZZA     DPZ US            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   ENTL US            14.0         (8.0)       4.8
ENTELLUS MEDICAL   29E GR             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   FONN GR         1,488.5       (395.7)       9.4
FAIRPOINT COMMUN   FRP US          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      FEG GR          1,680.4       (138.8)    
(37.1)
FERRELLGAS-LP      FGP US          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 GR          3,275.0     (3,581.0)   1,324.0
FREESCALE SEMICO   FSL US          3,275.0     (3,581.0)   1,324.0
FREESCALE SEMICO   1FS TH          3,275.0     (3,581.0)   1,324.0
FRESHPET INC       FRPT US            75.3        (43.5)       0.4
FRESHPET INC       7FP GR             75.3        (43.5)       0.4
FRESHPET INC       FRPTEUR EU         75.3        (43.5)       0.4
GAMING AND LEISU   GLPI US         2,595.4        (77.9)    
(44.2)
GAMING AND LEISU   2GL GR          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
GENCORP INC        GCY TH          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   GRZ CN             28.0        (10.5)       4.9
GOLD RESERVE INC   GDRZF US           28.0        (10.5)       4.9
GOLD RESERVE INC   GOD GR             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   HDS US          6,523.0       (657.0)   1,396.0
HD SUPPLY HOLDIN   5HD GR          6,523.0       (657.0)   1,396.0
HERBALIFE LTD      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    HOV US          2,289.9       (117.8)   1,403.7
HOVNANIAN ENT-A    HO3 GR          2,289.9       (117.8)   1,403.7
HOVNANIAN ENT-B    HOVVB US        2,289.9       (117.8)   1,403.7
HOVNANIAN-A-WI     HOV-W US        2,289.9       (117.8)   1,403.7
HUGHES TELEMATIC   HUTCU US          110.2       (101.6)   
(113.8)
IHEARTMEDIA INC    IHRT US        14,306.0     (9,506.2)   1,003.2
INCYTE CORP        ICY GR            830.1        (81.6)     477.7
INCYTE CORP        INCY US           830.1        (81.6)     477.7
INCYTE CORP        ICY TH            830.1        (81.6)     477.7
INFOR US INC       LWSN US         6,778.1       (460.0)   
(305.9)
INOVALON HOLDI-A   INOV US           317.3        (23.4)     156.4
INOVALON HOLDI-A   IOV GR            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 US           1,205.7       (539.0)   
(119.7)
JUST ENERGY GROU   1JE GR          1,205.7       (539.0)   
(119.7)
JUST ENERGY GROU   JE CN           1,205.7       (539.0)   
(119.7)
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
L BRANDS INC       LB US           7,149.0       (433.0)   1,050.0
LEAP WIRELESS      LWI TH          4,662.9       (125.1)     346.9
LEAP WIRELESS      LWI GR          4,662.9       (125.1)     346.9
LEAP WIRELESS      LEAP US         4,662.9       (125.1)     346.9
LEE ENTERPRISES    LEE US            809.3       (167.5)    
(12.4)
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      NNF1 TH           386.8        (40.7)   
(100.3)
MANNKIND CORP      MNKD US           386.8        (40.7)   
(100.3)
MANNKIND CORP      NNF1 GR           386.8        (40.7)   
(100.3)
MARRIOTT INTL-A    MAQ TH          6,865.0     (2,200.0)
(1,139.0)
MARRIOTT INTL-A    MAQ GR          6,865.0     (2,200.0)
(1,139.0)
MARRIOTT INTL-A    MAR US          6,865.0     (2,200.0)
(1,139.0)
MDC COMM-W/I       MDZ/W CN        1,707.3        (86.7)   
(256.5)
MDC PARTNERS-A     MD7A GR         1,707.3        (86.7)   
(256.5)
MDC PARTNERS-A     MDCA US         1,707.3        (86.7)   
(256.5)
MDC PARTNERS-A     MDZ/A CN        1,707.3        (86.7)   
(256.5)
MDC PARTNERS-EXC   MDZ/N CN        1,707.3        (86.7)   
(256.5)
MERITOR INC        MTOR US         2,346.0       (576.0)     268.0
MERITOR INC        AID1 GR         2,346.0       (576.0)     268.0
MERRIMACK PHARMA   MACK US           188.6        (99.9)      40.9
MERRIMACK PHARMA   MP6 GR            188.6        (99.9)      40.9
MICHAELS COS INC   MIK US          2,030.0     (2,269.0)     409.0
MICHAELS COS INC   MIM GR          2,030.0     (2,269.0)     409.0
MONEYGRAM INTERN   MGI US          4,642.2       (182.7)      21.4
MORGANS HOTEL GR   MHGC US           632.3       (221.3)      89.3
MORGANS HOTEL GR   M1U GR            632.3       (221.3)      89.3
MOXIAN CHINA INC   MOXC US             4.9         (1.2)     
(4.0)
MPG OFFICE TRUST   1052394D US     1,280.0       (437.3)       -
NATIONAL CINEMED   XWM GR            993.6       (200.2)      51.8
NATIONAL CINEMED   NCMI US           993.6       (200.2)      51.8
NAVISTAR INTL      IHR TH          7,443.0     (4,618.0)     782.0
NAVISTAR INTL      IHR GR          7,443.0     (4,618.0)     782.0
NAVISTAR INTL      NAV US          7,443.0     (4,618.0)     782.0
NEFF CORP-CL A     NEFF US           612.1       (343.7)     
(1.5)
NORTHWEST BIO      NWBO US            29.4        (31.2)    
(41.7)
NORTHWEST BIO      NBYA GR            29.4        (31.2)    
(41.7)
OMEROS CORP        3O8 GR             25.3        (26.6)       9.0
OMEROS CORP        OMER US            25.3        (26.6)       9.0
OMTHERA PHARMACE   OMTH US            18.3         (8.5)    
(12.0)
PALM INC           PALM US         1,007.2         (6.2)     141.7
PATRIOT NATIONAL   PN US             137.0        (38.7)    
(25.7)
PBF LOGISTICS LP   11P GR            360.0        (47.3)      15.6
PBF LOGISTICS LP   PBFX US           360.0        (47.3)      15.6
PHILIP MORRIS IN   4I1 TH         35,187.0    (11,203.0)     372.0
PHILIP MORRIS IN   4I1 GR         35,187.0    (11,203.0)     372.0
PHILIP MORRIS IN   PM1EUR EU      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 QT         35,187.0    (11,203.0)     372.0
PHILIP MORRIS IN   PM1 TE         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   PM US          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   QDZ GR            439.6        (30.4)     105.2
QUALITY DISTRIBU   QLTY US           439.6        (30.4)     105.2
QUINTILES TRANSN   Q US            3,305.8       (704.0)     674.2
QUINTILES TRANSN   QTS GR          3,305.8       (704.0)     674.2
RADIOSHACK CORP    RSHC* MM        1,200.3       (186.7)     599.6
RAYONIER ADV       RYQ GR          1,304.7        (63.8)     188.6
RAYONIER ADV       RYAM US         1,304.7        (63.8)     188.6
REGAL ENTERTAI-A   RGC* MM         2,553.5       (755.1)       6.5
REGAL ENTERTAI-A   RETA GR         2,553.5       (755.1)       6.5
REGAL ENTERTAI-A   RGC US          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       REV US          1,912.6       (570.6)     300.9
REVLON INC-A       RVL1 GR         1,912.6       (570.6)     300.9
RITE AID CORP      RTA GR          7,186.0     (1,792.7)   1,895.3
RITE AID CORP      RTA TH          7,186.0     (1,792.7)   1,895.3
RITE AID CORP      RAD US          7,186.0     (1,792.7)   1,895.3
ROCKWELL MEDICAL   RWM TH             23.9         (5.5)       2.6
ROCKWELL MEDICAL   RWM GR             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    SBJ GR          7,809.0       (297.6)   
(671.8)
SBA COMM CORP-A    SBJ TH          7,809.0       (297.6)   
(671.8)
SBA COMM CORP-A    SBAC US         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 GR           134.6        (51.9)      36.5
SEQUENOM INC       QNMA TH           134.6        (51.9)      36.5
SEQUENOM INC       SQNM US           134.6        (51.9)      36.5
SILVER SPRING NE   9SI TH            548.2       (133.8)      78.4
SILVER SPRING NE   SSNI US           548.2       (133.8)      78.4
SILVER SPRING NE   9SI GR            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      SVU* MM         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      SJ1 GR          5,078.0       (647.0)     277.0
THERAVANCE         HVE GR            521.7       (223.3)     282.4
THERAVANCE         THRX US           521.7       (223.3)     282.4
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    TDG US          6,913.6     (1,464.7)   1,231.3
TRANSDIGM GROUP    T7D GR          6,913.6     (1,464.7)   1,231.3
TRINET GROUP INC   TN3 TH          1,393.3        (48.9)      17.3
TRINET GROUP INC   TNETEUR EU      1,393.3        (48.9)      17.3
TRINET GROUP INC   TN3 GR          1,393.3        (48.9)      17.3
TRINET GROUP INC   TNET US         1,393.3        (48.9)      17.3
UNILIFE CORP       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        UIS US          2,348.7     (1,452.4)     319.6
UNISYS CORP        UIS1 SW         2,348.7     (1,452.4)     319.6
UNISYS CORP        UISCHF EU       2,348.7     (1,452.4)     319.6
UNISYS CORP        USY1 GR         2,348.7     (1,452.4)     319.6
UNISYS CORP        UISEUR EU       2,348.7     (1,452.4)     319.6
UNISYS CORP        USY1 TH         2,348.7     (1,452.4)     319.6
VECTOR GROUP LTD   VGR US          1,643.4         (7.9)     561.5
VECTOR GROUP LTD   VGR GR          1,643.4         (7.9)     561.5
VENOCO INC         VQ US             756.5       (100.0)   
(762.9)
VERISIGN INC       VRS GR          2,154.9       (883.5)   
(429.9)
VERISIGN INC       VRSN US         2,154.9       (883.5)   
(429.9)
VERISIGN INC       VRS TH          2,154.9       (883.5)   
(429.9)
VERIZON TELEMATI   HUTC US           110.2       (101.6)   
(113.8)
VIRGIN AMERICA I   VA US             876.0       (313.0)      19.0
VIRGIN AMERICA I   2VA1 GR           876.0       (313.0)      19.0
VIRGIN AMERICA I   2VA1 TH           876.0       (313.0)      19.0
VIRGIN MOBILE-A    VM US             307.4       (244.2)   
(138.3)
WEIGHT WATCHERS    WW6 TH          1,558.3     (1,357.7)      60.6
WEIGHT WATCHERS    WTWEUR EU       1,558.3     (1,357.7)      60.6
WEIGHT WATCHERS    WW6 GR          1,558.3     (1,357.7)      60.6
WEIGHT WATCHERS    WW6 QT          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        WK US              82.6        (23.4)    
(23.4)
WORKIVA INC        0WKA GR            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 GR            70.9        (18.1)      28.5
XOMA CORP          XOMA TH            70.9        (18.1)      28.5
XOMA CORP          XOMA US            70.9        (18.1)      28.5
YRC WORLDWIDE IN   YEL1 GR         1,985.0       (474.3)     148.2
YRC WORLDWIDE IN   YEL1 TH         1,985.0       (474.3)     148.2
YRC WORLDWIDE IN   YRCW US         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 ***