TCR_Public/150317.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, March 17, 2015, Vol. 19, No. 76

                            Headlines

AC I INV MANAHAWKIN: Court Extends Exclusive Right to File Plan
ACE EDUCATION: Case Summary & 5 Largest Unsecured Creditors
ACME DEVELOPERS: Case Summary & 4 Largest Unsecured Creditors
AGRITEK HOLDINGS: Files Amendment to Sept. 30 Quarter Report
ALCO STORES: Files Chapter 11 Plan of Liquidation

ALLEN SYSTEMS: Seeks to Hire Grant Thornton as Auditor
AMERICAN CAPITAL: Fitch Affirms 'BB-' Longterm IDR; Outlook Stable
ARCHDIOCESE ST. PAUL: BGA Management Okayed as Financial Advisor
ASSOCIATED WHOLESALERS: Taps ROCK as Broker for PA Properties
ASSOCIATED WHOLESALERS: Wants Until July to Decide on Leases

ATLS ACQUISITION: Court OKs Changes in Bankruptcy Case Caption
ATLS ACQUISITION: Court OKs Changes in RSR Reporting Requirements
BERNARD L. MADOFF: Del. Judge Dodges Involvement in Disputes
BERNARD L. MADOFF: Partner Investors Claims Are Barred
BINDER & BINDER: Klestadt Winters Approved as Committee Counsel

BINDER & BINDER: Stellus Balks After Being Removed From Committee
BIOSCRIP INC: Moody's Caa1 CFR Unaffected by $62.5MM Stock Issuance
BLOOMFIELD DENTAL: Case Summary & 15 Largest Unsecured Creditors
BROADWAY FINANCIAL: Amends 18.9 Million Shares Resale Prospectus
CAESARS ENTERTAINMENT: Judge Directs Appointment of Ch. 11 Examiner

CAL DIVE: Wants to File Schedules & Statements Until May 17
CHASSIX HOLDINGS: Has Prime Clerk as Claims and Noticing Agent
CHASSIX HOLDINGS: Proposes May 21 General Claims Bar Date
CHASSIX HOLDINGS: Seeks Court Nod for Weil Gotshal as Counsel
CHASSIX HOLDINGS: Targeting June Approval of Reorganization Plan

CIRCLE C RANCHLANDS: Case Summary & 5 Top Unsecured Creditors
CIVIC PARTNERS: Legal Fight Over Complex Hampers Leasing
CLEVELAND BIOLABS: Meaden & Moore Expresses Going Concern Doubt
CORPORATE CAPITAL: Fitch Affirms BB+ Longterm IDR; Outlook Stable
DAEBO INTERNATIONAL: Chapter 15 Case Summary

DEB STORES: Sells Lease to Landlord for $1.14 Million
DELIAS INC: To Auction Antitrust Claims After Selling Inventory
DENDREON CORP: American Red Cross Resigns as Committee Member
DENDREON CORP: Files Ch. 11 Plan of Liquidation
DRUG TRANSPORT: March 23-25 Global Online Auction Set for Assets

EAT AT JOE'S: Changes Company Name to SPYR, Inc.
ECO BUILDING: Amends Dec. 31, 2014 Quarterly Report
ENGLOBAL CORP: Posts $6 Million Net Income for 2014
EVANS & SUTHERLAND: Incurs $1.3 Million Net Loss in 2014
FIFTH STREET FINANCE: Fitch Affirms 'BB+' Issuer Default Rating

FIRSTLIGHT HYDRO: Fitch Affirms 'BB-' Rating on $320MM Bonds
FISHER ISLAND: Bankruptcy Judge Can Decide Company's Ownership
GENERAL MOTORS: Ignition Switch Death Claims Rise to 67
GOLD RIVER: Hearing on Trustee Motion Continued Until April 1
HC GROUP: Moody's Assigns 'B3' CFR, Outlook Stable

HEPAR BIOSCIENCE: Amends Membership of Creditors' Committee
HEPAR BIOSCIENCE: Files Schedules of Assets and Liabilities
HORIZON LINES: Reports $94.6 Million Net Loss for 2014
HORIZON LINES: Sells Puerto Rico Terminal Assets to Luis Ayala
HUDBAY MINERALS: S&P Lowers Rating on Sr. Unsecured Debt to 'B-'

INTL MANUFACTURING: April 29 Hearing on Zions' Bid to Lift Stay
INTL MANUFACTURING: Community 1st's Lift Stay Motion Granted
JENSEN FARMS: Settles Listeria Cantaloupe Lawsuits
KEEN EQUITIES: Can File Chapter 11 Plan Until September 15
KIOR INC: Has Until June 8 to Make Lease-Related Decisions

LA QUINTA HOLDINGS: S&P Ups CCR to BB- on Reduced Blackstone Stake
LAMSON & GOODNOW: Sells 12.5 Acres for $1.3 Million
LDR INDUSTRIES: Court Approves $25.4M Asset Sale to Coda Resources
LEHMAN BROTHERS: Judge Allowed to Issue Recommended Decisions
LEHMAN BROTHERS: Judge Approves Deal With Reinsurance Unit

LIFE PARTNERS: Asks Court to Appoint Chief Restructuring Officer
LIFE PARTNERS: Assailed by SEC Over Press Release
LIONS GATE: S&P Retains 'BB-' Rating on Sr. Sec. 2nd Lien Facility
LIONS GATE: Upsized Term Loan No Impact on Moody's 'Ba3' CFR
MACKEYSER HOLDINGS: Withdraws Bid to Estimate Disputed Claims

MARBURN STORES: Case Summary & 20 Largest Unsecured Creditors
MAURY ROSENBERG: Circuits Split on Attys' Fees in Bad-Faith Filing
MORGAN HILL PARTNERS: Owner Named as Responsible Individual
MORGAN HILL PARTNERS: Seeks to Hire Binder & Malter as Counsel
MORGANS HOTEL: Incurs $66.5 Million Net Loss in 2014

NEUROMETRIX INC: PwC LLP Expresses Going Concern Doubt
NEXTEER AUTOMOTIVE: 2014 Results Supports Moody's 'Ba1' CFR
OCTAGON 88: Incurs $1.04-Mil. Net Loss for Dec. 31 Quarter
OMEGA HEALTHCARE: Fitch Assigns 'BB+' Rating on Subordinated Debt
PARK MERIDIAN: Creditor Objects to Macy Wilensky's Employment

PARK MERIDIAN: Seeks to Use Northside-Rosser Cash Collateral
PLY GEM HOLDINGS: Reports $31.2 Million Net Loss for 2014
PORTER BANCORP: Mark Wheeler Quits From Board
PORTER BANCORP: To Issue Additional 600,000 Shares Under Plans
QUALITY DISTRIBUTION: Posts $20.6 Million Net Income for 2014

RIENZI & SONS: Needs Until March 31 to File Schedules
RIENZI & SONS: Seeks Protections under Secs. 362 and 525
RIENZI & SONS: Seeks to Use Alma Bank Cash Collateral
ROYCE FUND: Board of Trustees Approves Plan of Liquidation
SAMUEL WYLY: Judge Imposes $300-Mil. Damages Judgment in SEC Suit

SAN JUAN RESORT: Seeks to Employ Carrasquillo as Fin'l Consultant
SAN JUAN RESORT: Seeks to Employ William Vidal as Ch. 11 Counsel
SCIENTIFIC GAMES: William Thompson Quits From Board
SEANERGY MARITIME: Claudia Restis Reports 43% Stake as of Dec. 30
SEEGRID CORP: SSG Acted as Advisor in Ch. 11 Reorganization

SOUPMAN INC: MaloneBailey Expresses Going Concern Doubt
SOUTHERN PACIFIC RESOURCES: S&P Withdraws 'D' Corp. Credit Rating
STANDARD REGISTER: Has $275M Deal With Silver Point
STEVIA CORP: Files Amendment to Dec. 31 Quarter Report
SUPER BUY: Court Order Dissolution of Unsecured Creditors Panel

TALBOT ENTERPRISES: Case Summary & 4 Largest Unsecured Creditors
TRUMP ENTERTAINMENT: Court OKs Deal With Trump and Icahn Parties
TRUMP ENTERTAINMENT: Deadline to Decide on Sweep Road Lease Moved
TRUMP ENTERTAINMENT: DIP Credit Agreement Revised
TRUMP ENTERTAINMENT: Has Until Aug. 10 to Decide on Steinberg Lease

UTSTARCOM HOLDINGS: Incurs $14.2 Million Net Loss for Q4
VESTOR HOMES: Voluntary Chapter 11 Case Summary
VIRTUAL PIGGY: Issues $2 Million 10% Convertible Notes
WEBSTER FINANCIAL: Fitch Affirms 'B+' Rating on Preferred Stock
WEST CORP: Prices Secondary Offering of Common Stock

WESTERN EXPRESS: S&P Raises CCR to 'B-' Then Withdraws Rating
WET SEAL: Versa Capital Affiliate Declared Winning Bidder
WET SEAL: Versa Capital Outbids B. Riley
WILD GOOSE: Case Summary & 6 Largest Unsecured Creditors
WOLF MOUNTAIN: Court Converts Case to Chapter 7 Proceeding

YRC WORLDWIDE: Adopts New Form of Restricted Stock Agreement
[*] Haynes & Boone's Patrick Hughes Inducted as Bankruptcy Fellow
[*] Moody's: Sale-Leasebacks Could Raise Capital for US Gaming Cos.
[^] Large Companies With Insolvent Balance Sheet

                            *********

AC I INV MANAHAWKIN: Court Extends Exclusive Right to File Plan
---------------------------------------------------------------
AC I Inv Manahawkin LLC obtained a court order extending the period
of time during which it alone holds the right to file a Chapter 11
plan.  The order signed by U.S. Bankruptcy Judge Robert Drain
extended the company's exclusive right to propose a plan to March
20 and solicit votes from creditors to May 19.  The extension would
prevent others from filing rival plans in court and maintain the
company's control over its bankruptcy case.  

                          About AC I Inv

AC I Inv Manahawkin LLC, AC I Manahawkin Mezz LLC and AC I
Manahawkin LLC filed separate Chapter 11 bankruptcy petitions
(Bankr. S.D.N.Y. Case Nos. 14-22791, 14-22792 and 14-22793) on June
4, 2014.  The petitions were signed by David Goldwasser, of GC
Realty Advisors LLC, managing member.  The Debtors estimated assets
of $50 million to $100 million and debts of $0 to $50 million.
Robinson Brog Leinwand Greene Genovese & Gluck, P.C., serves as the
Debtors' counsel.  Judge Robert D. Drain presides over the cases.

Affiliates of AC I Inv., et al., have pending bankruptcy cases
before Judge Drain.  NY Affordable Housing Albany Assocs. LLC
sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 13-20007) on
July 26, 2013.  First Bronx LLC sought bankruptcy protection
(Bankr. S.D.N.Y. Case NO. 14-22047) on Jan. 13, 2014.  Ollie Allen
Holding Company LLC sought bankruptcy (Case NO. 14-22204) on Feb.
18, 2014.

U.S. Trustee was unable to form an official unsecured creditors'
committee.



ACE EDUCATION: Case Summary & 5 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Ace Education International, Inc.
        483 Walker Drive
        McDonough, GA 30253

Case No.: 15-54833

Nature of Business: School

Chapter 11 Petition Date: March 13, 2015

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

Debtor's Counsel: Joseph Chad Brannen, Esq.
                  BRANNEN LAW GROUP, P.C.
                  Suite G, 7147 Jonesboro Road
                  Morrow, GA 30260
                  Tel: (770) 474-0847
                  Fax: 770-474-6078
                  Email: chad@brannenlawfirm.com

Total Assets: $843,000

Total Liabilities: $1.38 million

The petition was signed by Kimberly S. Morey, president.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/ganb15-54833.pdf


ACME DEVELOPERS: Case Summary & 4 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: ACME Developers, LLC
        552 Franklin Ave.
        Nutley, NJ 07110

Case No.: 15-14420

Chapter 11 Petition Date: March 13, 2015

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

Judge: Hon. Novalyn L. Winfield

Debtor's Counsel: Richard Honig, Esq.
                  HELLRING LINDEMAN GOLDSTEIN & SIEGAL LLP
                  One Gateway Center, 8th Floor
                  Newark, NJ 07102
                  Tel: (973) 621-9020
                  Email: rbhonig@hlgslaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Alex Badalamenti, managing member.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/njb15-14420.pdf


AGRITEK HOLDINGS: Files Amendment to Sept. 30 Quarter Report
------------------------------------------------------------
Agritek Holdings Inc. filed with the U.S. Securities and Exchange
Commission an amendment to its quarterly report on Form 10-Q, a
copy of which is available for free at http://is.gd/Fl7phf

The Company disclosed a net loss of $544,000 on $2,397 of total
revenue for the three months ended Sept. 30, 2014, compared with a
net loss of $182,000 on $47,300 of total revenue for the same
period during the prior year.

The Company's balance sheet at Sept. 30, 2014, showed $1.78 million
in total assets, $1.91 million in total liabilities, and a
stockholders' deficit of $123,000.

As of Sept. 30, 2014, the Company had an accumulated deficit of
$10.5 million and working capital deficit of $460,000.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern, according to the regulatory filing.

Agritek Holdings is engaged in the digitization of patient records
and distribution of hemp based nutritional products to the
medicinal marijuana sector in the United States.  The company
operates in two segments, Merchant Services and Wholesale Sales.
Its products include data management system, a technology platform,
which enables consumers to file, store, and retrieve original and
authentic personal health documents through the Internet; and
energy and hemp ice tea drink products.  The company also provides
a range of solutions for electronically processing merchant and
patient transactions in the healthcare industry.  In addition, it
is involved in importing and distributing vaporizers and
e-cigarettes under the Mont Blunt brand; and managing real property
for fully-licensed and compliant growers, and dispensaries in
regulated medicinal and recreational markets.  The company was
formerly known as MediSwipe, Inc. and changed its name to Agritek
Holdings, Inc., in May 2014.  Agritek Holdings was incorporated in
1997 and is based in West Palm Beach, Florida.


ALCO STORES: Files Chapter 11 Plan of Liquidation
-------------------------------------------------
Alco Stores, Inc., et al., filed with the U.S. Bankruptcy Court for
the Northern District of Texas, Dallas Division, a plan of
liquidation, allowing holders of general unsecured claims to
recover 2.4 percent to 11.1 percent on their claims.

The Plan contemplates that (a) the net sale proceeds of the sales,
(b) certain assets excluded from the sales, (c) various claims and
causes of action belonging to the Debtors and their estates, and
(d) all other unencumbered assets of the Debtors will be
transferred to a liquidating trust for the benefit of the Debtors'
creditors.  The liquidating trust is to be managed by a Liquidating
Trustee who will be responsible for liquidating the Liquidating
Trust Assets and making distributions to holders of allowed claims
as well as all other administrative tasks necessary for the
ultimate resolution of the Chapter 11 cases, the Debtors said.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the Plan follows the Debtors'
going-out-of-business sales at their 198 stores in 23 states.  The
store liquidation, completed by March 8, will pay off secured debt
in full, the Bloomberg report said.

After paying secured debt but before expenses of bankruptcy and
priority claims, net liquidation proceeds will range from $14
million to $17.4 million, and the residual for unsecured creditors
will be $1.2 million to $5.5 million, producing a recovery of 2.4
percent to 11.1 percent, Bloomberg said, citing a draft disclosure
statement.

A hearing to consider approval of the Disclosure Statement is
scheduled for April 10, 2015, at 09:30 AM.

A full-text copy of the Plan dated Feb. 18, 2015, is available at
http://bankrupt.com/misc/ALCOplan0218.pdf

                         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 SYSTEMS: Seeks to Hire Grant Thornton as Auditor
------------------------------------------------------
Allen Systems Group, Inc., et al., sought to employ Grant Thornton
LLP as auditor, nunc pro tunc to the Petition Date.

Grant Thornton is a nationally recognized tax, audit, and financial
advisory firm with particular experience in providing audit
services to large and mid-size, public and private companies.  The
firm has provided accounting and audit services to numerous
companies involved in Chapter 11 cases.

Grant Thornton is expected to audit the consolidated balance sheet
of Allen Systems Group and its subsidiaries and ALA Services, LLC,
as of Dec. 31, 2014, and the related consolidated statements of
operations, stockholders' equity and cash flows for the year then
ended.

Grant Thornton will apply for compensation of professional services
rendered and reimbursement of expenses in connection with the
Debtors' Chapter 11 cases.

For audit work for the year ending Dec. 31, 2014, the fees paid
prior to Feb. 25, 2015, were $258,000 and the expenses were
$17,480.

To the best of the Debtors' knowledge, Grant Thornton is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

                        About Allen Systems

Allen Systems Group, Inc., and two affiliates provide
mission-critical enterprise information technology ("IT")
management software solutions to large enterprises and small and
medium-sized businesses.  Founded in 1986 by Arthur L. Allen in
Naples, Florida, ASG has more than 100 offices worldwide,
primarily
in the United States and Europe.  As of Feb. 17, 2015, ASG had
1,054 employees in 114 locations in 25 countries.

Allen Systems and two affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 15-10332) in Delaware on Feb.
18, 2015.  The case is assigned to Judge Kevin J. Carey.

The Debtor tapped Pachulski Stang Ziehl & Jones LLP as counsel;
Latham & Watkins LLP as special counsel; and Epiq Bankruptcy
Solutions as claims and noticing agent.

Allen Systems estimated $100 million to $500 million in assets and
$500 million to $1 billion in debt.



AMERICAN CAPITAL: Fitch Affirms 'BB-' Longterm IDR; Outlook Stable
------------------------------------------------------------------
Fitch Ratings has affirmed the 'BB-' long-term Issuer Default
Rating (IDR), 'BB+' secured debt rating, and 'BB-' unsecured debt
rating of American Capital, Ltd. (ACAS).  The Rating Outlook is
Stable.

These actions are being taken in conjunction with a broader
industry review, which includes 10 business development companies
(BDCs).

KEY RATING DRIVERS

The ratings affirmations and Stable Outlook reflect ACAS'
relatively low leverage, improved operating performance since the
crisis and access to the capital markets at reasonable terms.  As a
C corporation, ACAS can retain earnings, which is also viewed
positively.

Rating constraints include ACAS' current outsized equity exposure
relative to peer BDCs, which can generate material unrealized
depreciation on its investment portfolio, large but improving
levels of non-accruals and PIK, and its limited funding flexibility
and dependence on a recovery in portfolio valuations and the firm's
stock price.  The company's evolving business strategy and
organizational structure also limit positive rating momentum at
this time.

On Nov. 5, 2014, ACAS announced that its board of directors had
unanimously approved a plan to split the company's businesses by
transferring most of the firm's investment assets into two newly
established BDCs and having ACAS continue to operate primarily in
the asset management business, through American Capital Asset
Management (ACAM).  It is contemplated that ACAS will spin off the
new BDCs to its shareholders, resulting in three, publicly traded
companies.  The BDCs are anticipated to qualify and elect to be
taxed as registered investment companies (RICs) with the objective
of paying market rate dividends.  ACAS will continue to operate as
a taxable C corporation, retaining any net operating losses that
exist at the time of the spinoff.

In 2014, ACAM raised five new funds including, a new BDC (American
Capital Senior Floating Rate) invested in senior floating rate
loans and CLO equity; a private equity fund (American Capital
Equity III) focused on the lower middle market; two CLOs (CLO
2014-1 and 2014-2); and a fund invested in senior and mezzanine
debt (ECAS UK SME Debt) of small and medium sized enterprises in
the United Kingdom.  Subsequent to these investments, ACAS
increased total earning assets under management at ACAM by 19% to
$14.5 billion as of Dec. 31, 2014 from $12.6 billion, as of
Dec. 31, 2013.

These actions continue to signal ACAS' strategic shift to focus on
raising third-party funds for fee income, as opposed to direct
on-balance sheet investments.  Generally speaking, Fitch views less
balance sheet intensive activities favorably, although the
stability and diversity of the fee sources would also need to be
considered.

During the 4Q14 earnings call, ACAS announced that it had
consolidated European Capital Limited (ECAS) on balance sheet as
part of the SEC's recent guidance on wholly-owned subsidiaries of
BDCs where the operations are considered an extension of the firm's
investment operations.  The impact to net asset value (NAV) at ACAS
was modest as the $87 million of ECAS' unrealized appreciation is
mostly offset by $71 million of tax provisions due to the removal
of a deferred tax asset previously recorded on ACAS' equity
investment in ECAS.

In addition, ACAS announced during the 4Q14 earnings call that it
continues to make progress with its advisors and regulators on the
contemplated spinoff to help the firm separate its investment and
asset management businesses in a legally-, regulatorily-, and
tax-efficient manner.  The company did not provide any further
details on the timing, but Fitch expects the corporate
transformation will likely occur in 2015, subject to certain
conditions including shareholder and regulatory approvals, receipt
of an opinion from its tax advisors, and the refinancing of ACAS'
debt and the establishment of new credit facilities for the new
BDCs.

Although underlying portfolio trends have improved markedly, asset
quality remains a concern as non-accrual loans remain elevated and
among the highest levels for BDCs.  Non-accruals to 5.8% on a cost
basis, at Dec. 31, 2014, down from 17.0% at Dec. 31, 2013.  On a
dollar basis, non-accruing loans at cost also improved to $201
million from $287 million during the same period.  Inclusive of
ECAS as of Dec. 31, 2014, non-accruals would have amounted to $371
million at cost, representing 9.4% of total loans.  The overall
improvement in non-accruals was primarily driven by improved
portfolio company performance, exits, and write-offs.  Non-accruing
loans were valued at 57.7% of cost (39.9% inclusive of ECAS), as of
Dec. 31, 2014, which is ACAS' expected recovery rate on the
investments and consistent with the firm's more mezzanine and
equity focus.  Fitch would view positively continued improvements
in ACAS' overall asset quality metrics.

Direct exposure to oil, gas and consumable fuels represented 2.3%
of the total investment portfolio, with an additional 0.3% of
energy exposure derived from collateral held in CLOs, as of
Dec. 31, 2014.  The combined energy exposure of 2.6% is well below
the peer average of 10.5%.  Fitch conducted a stress test on the
firm's energy exposure along with the rest of the peer group, and
views the impact of valuation declines on the firm's leverage as
negligible.

Leverage, as measured by debt-to-equity, amounted to 0.31x at
Dec. 31, 2014, inclusive of the ECAS consolidation during 4Q14.
ACAS' leverage is among the lowest of the BDCs, but Fitch believes
it is appropriate given the company's outsized equity exposure.
Leverage ticked up from 0.15x at Dec. 31, 2014 due to the use of
revolver capacity to fund new investments in senior floating rate
loans.  As the firm continues to ramp-up additional assets for the
spinoff, Fitch will evaluate leverage in the context of the
increased leverage that may be applied to senior floating rate
loans relative to the more conservative leverage that may be
applied to junior investments.

Currently, Fitch views ACAS' funding flexibility as being limited
given its corporate structure and depressed portfolio valuations
and share price.  However, Fitch views positively, ACAS' recent
actions to obtain funding at economic terms.  For example, in June
2014 and October 2014, the firm closed on a two-year, $750 million
and a two-year, $500 million revolver through wholly-owned special
purpose vehicles formed for the purpose of purchasing floating rate
senior loans.  Borrowings under the facilities bear interest at
LIBOR plus 1.60% and are subject to borrowing base requirements.
In March 2015, ACAS upsized the two-year facility by $500 million
to $1.25 billion and the maturity was extended by two-years to
March 2017.

ACAS' liquidity profile is considered adequate, with $676 million
of balance sheet cash and $723 million under its revolving credit
facilities, subject to borrowing base requirements, at Dec. 31,
2014.  Cash flows from investment repayments and exits amounted to
$2.8 billion in 2014, an increase from $1.4 billion in 2013.  Net
cash available to support new portfolio investments was $2.8
billion in 2014, an increase from $840 million in 2013.

Generally, Fitch monitors non-cash income closely, as RIC
regulations require distributing 90% of taxable earnings on an
annual basis.  However, ACAS does not currently qualify as a RIC
and, therefore, is able to retain earnings.  Fitch will continue to
closely monitor PIK levels relative to investment income, even
though ACAS is not expected to return to RIC status.

RATING SENSITIVITIES

ACAS dropped its RIC status several years ago, and has more
recently focused on raising third-party funds for fee income.  The
firm has also been funding new investments in anticipation of its
plan to spin-off two new BDCs to shareholders with ACAM operating
primarily in the asset management business.  Fitch believes these
actions signal a change in the company's strategy and/or
organizational structure over the near- to medium-term.  This could
translate into rating action depending upon more clarity with
respect to ACAS' ultimate strategy and structure, and importantly,
where the rated debt resides.

In the intervening time until there is more clarity with respect to
ACAS' end state, upward rating momentum is unlikely, but could
potentially be driven by improved funding flexibility, increased
unsecured debt and access to equity capital, stronger asset quality
trends and a decline in the proportion of equity investments in the
portfolio.

Conversely, interim negative rating action could be driven by a
material increase in leverage, significant unrealized portfolio
depreciation, a spike in non-accrual levels, and/or higher PIK
income.

Based in Bethesda, MD, ACAS is a publicly traded private equity
firm and alternative asset manager organized in 1986 which
completed its IPO in 1997.  As of Dec. 31, 2014, the company
managed $22 billion of assets, including balance sheet assets and
fee-earning assets under management by affiliated managers with $86
billion of total assets under management.

Fitch has affirmed these ratings:

American Capital, Ltd.

   -- Long-term IDR at 'BB-';
   -- Senior secured debt at 'BB+';
   -- Senior unsecured debt at 'BB-'.

The Rating Outlook is Stable.



ARCHDIOCESE ST. PAUL: BGA Management Okayed as Financial Advisor
----------------------------------------------------------------
Bankruptcy Judge Robert J. Kressel authorized The Archdiocese of
Saint Paul and Minneapolis to employ BGA Management, LLC, doing
business as Alliance Management, as financial advisor.

BGA is expected to:

   a) analyze and review the business, operations, financial
condition and prospects of the Debtor and assist the Debtor in the
preparation of schedules and the statement of financial affairs;

   b) assist the debtor in budgeting matters;  

   c) provide financial advice and assistance to the Debtor; and

   d) assist the Debtor in evaluating, structuring, negotiating and
implementing a restructuring plan.

As reported in the Troubled Company Reporter on Jan. 30, 2015,
Alliance has been consulting with the Debtor since June 3, 2014.
Since that time, the Debtor has paid Alliance a total of $379,000,
including a bankruptcy retainer of $102,500.

Alliance will submit its bills monthly to the Debtor, and will be
paid in accordance with local bankruptcy practice.  Alliance will
be reimbursed its fees and paid for work performed on the basis
described in the Professional Services Agreement. Alliance's
professionals will charge hourly rates ranging from $285 to $495,
subject to normal and customary increases which occur in January of
each calendar year.

The Professional Services Agreement provides that the Debtor will
reimburse Alliance's reasonable business and travel expenses,
including reasonable attorneys' fees incurred in the preparation
for or work in bankruptcy, processing fee applications, providing
litigation support, and similar legal issues arising in the course
of the engagement.

The Debtor has reviewed the unsworn declaration of Alliance founder
and president Michael Knight, and believes that the employment of
Alliance is in the best interests of its estate and that Alliance
does not represent or hold or represent any interest adverse to the
estates, and is "disinterested" within the meaning of Section
327(a) of the Bankruptcy Code.

                   About Archdiocese of St. Paul

The Archdiocese of Saint Paul and Minneapolis was originally
established by the Vatican in 1850 and serves a geographical area
consisting of 12 greater Twin Cities metro-area counties in
Minnesota, including Ramsey, Hennepin, Anoka, Carver, Chisago,
Dakota, Goodhue, Le Sueur, Rice, Scott, Washington, and Wright
counties.  There are 187 parishes and approximately 825,000
Catholic individuals in the region.  These individuals and parishes
are served by 3999 priests and 173 deacons.

The Archdiocese of St. Paul and Minneapolis filed for Chapter 11
protection (Bankr. D. Minn. Case No. 15-30125) in Minnesota on Jan.
16, 2015, saying it has large and growing liabilities related to
child sexual abuse and that its pension obligations are
underfunded.

The Debtor disclosed $45,203,010 in assets and $15,890,460 in
liabilities as of the Chapter 11 filing.

The Debtor has tapped Briggs and Morgan, P.A., as Chapter 11
counsel; BGA Management LLC d/b/a Alliance Management as financial
advisor; Lindquist & Vennum LLP as attorney.

According to the docket, the Debtor's exclusivity period for
Filing plan and disclosure statement ends May 18, 2015.
Governmental proofs of claims are due July 15, 2015.

Eleven other dioceses have commenced Chapter 11 bankruptcy cases
in
the United States to settle claims from current and former
parishioners who say they were sexually molested by priests.

The U.S. Trustee for Region 12 appointed five creditors to serve on
the official
committee of unsecured creditors.



ASSOCIATED WHOLESALERS: Taps ROCK as Broker for PA Properties
-------------------------------------------------------------
ADI Liquidation, Inc., f/k/a AWI Delaware, Inc., et al., seek
permission ask the U.S. Bankruptcy Court for the District of
Delaware for approval to employ ROCK Commercial Real Estate, LLC,
as real estate broker to the Debtors, nunc pro tunc to Jan. 7,
2015.

On Oct. 29, 2014, following a successful competitive auction, the
Court entered an order approving the sale of substantially all of
the Debtors' assets to C&S Wholesale Grocers, Inc.  The Acquired
Assets did not include, among other things, (i) a 4.16-acre parcel
of land located at 3025 Carlisle Road in Dover Township,
Pennsylvania and (ii) a 5.52-acre parcel of land located at the
intersection of South Richland Avenue and Indian Rock Dam Road in
Spring Garden Township, Pennsylvania (together, the "PA
Properties").

On Jan. 7, 2015, the Debtors and ROCK entered into the Listing
Agreements, under which ROCK agreed, subject to Court approval, to
represent the Debtors in marketing and procuring buyers for the PA
Properties.  Notably, ROCK has already been able to procure an
interested buyer for the PA Properties and, subject to Court
approval, the Debtors have entered into Agreements of Sale with
this buyer for the properties.  The Debtors intend to seek Court
approval of these agreements by separate motion(s).

The Listing Agreements provide that the Debtors will pay ROCK a
broker's fee equal to 5% of the sale price of the property, subject
to reduction (the "Broker's Fee"), 3 if (i) the PA Properties, or
any ownership interest in such properties, is sold at the listed
price or any price acceptable to the Debtors during the length or
term of the agreement by ROCK, ROCK's licensee, the Debtors or any
other person or broker; (ii) negotiations pending at the "Ending
Date" of the agreements (which is May 31, 2015) result in a sale;
or (iii) after the Ending Date, the PA Properties are sold in whole
or in part within 180 days and the properties were presented to the
buyer or negotiated by the buyer during the term of the Listing
Agreements.

Additionally, if a sale does not occur within the term of the
Listing Agreements, ROCK will be entitled to a Broker's Fee that is
calculated on the listed price of the respective PA Property if,
inter alia: (i) a buyer is found by ROCK or by anyone, including
the Debtors, and such buyer actually purchases the property; (ii)
the property, or any part of it, is subject to eminent domain;
(iii) the property, or an interest in it, is voluntarily or
involuntarily donated or transferred; or (iv) the Debtors breach,
terminate or cancel the Listing Agreements or cause the PA
Properties to be made unmarketable.

Finally, if a buyer enters into an agreement of sale with respect
to a PA Property and then refuses, or is unable, to buy the
property, the Debtors will pay ROCK 50% of any amounts paid by the
buyer, and retainable by the Debtors, in connection with the
transaction, not to exceed the amount of the Broker's Fee.

The Debtors and ROCK have agreed to certain indemnification
language.

ROCK has informed that Debtors that it (a) does not hold or
represent any interest adverse to the Debtors' estates and (b) is a
"disinterested person" as that term is defined in section 101(14)
of the Bankruptcy Code.

                   About Associated Wholesalers

Founded in 1962 and headquartered in Robesonia, Pennsylvania,
Associated Wholesalers Inc. serviced 800 supermarkets, specialty
stores, convenience stores and superettes with grocery, meat,
produce, dairy, frozen foods and general merchandise/health and
beauty care products.  AWI, with distribution facilities in
Robesonia, Pennsylvania, and York, Pennsylvania, served the mid-
Atlantic United States.  AWI is owned by its 500 retail members,
who in turn operate supermarkets.  AWI had 1,459 employees.

White Rose Inc. is a food wholesaler and distributor serving the
greater New York metropolitan area.  The company traces its
origins to 1886, when brothers Joseph and Sigel Seeman founded
Seeman Brothers & Doremus to provide grocery deliveries throughout
New York City.  White Rose carries out its operations through
three leased warehouse and distribution centers, two of which are
located
in Carteret, New Jersey, and one in Woodbridge, New Jersey.  White
Rose has 777 employees.

Associated Wholesalers and its affiliates sought Chapter 11
bankruptcy protection on Sept. 9, 2014, to sell their assets under
11 U.S.C. Sec. 363 to C&S Wholesale Grocers, absent higher and
better offers.

The Debtors have sought joint administration of their Chapter 11
cases for procedural purposes, seeking to maintain all pleadings
on the case docket for AWI Delaware, Inc., Bankr. D. Del. Case No.
14-12092.

As of the Petition Date, the Debtors owe the Bank Group
(consisting of lenders, Bank of America, N.A., Bank of American
Securities LLC as sole lead arranger and joint book runner, Wells
Fargo Capital Finance, LLC as joint book runner and syndication
agent, and RBS Capita, as documentation agent) an aggregate
principal amount of not less than $131,857,966 (inclusive of
outstanding letters of credit), plus accrued interest.  The Debtors
estimate trade debt of $72 million.  AWI Delaware disclosed $11,440
in assets and $125,112,386 in liabilities as of the Chapter 11
filing.

Saul Ewing LLP and Rhoads & Sinon LLP are serving as legal
advisors to the Debtors, Lazard Middle Market is serving as
financial advisor, and Carl Marks Advisors is serving as
restructuring advisor to AWI.  Carl Marks' Douglas A. Booth has
been tapped as chief restructuring officer.  Epiq Systems serves
as the claims agent.

The Official Committee of Unsecured Creditors tapped to retain
Hahn & Hessen LLP as its lead counsel; Pepper Hamilton LLP as its
co-counsel; and Capstone Advisory Group, LLC, together with its
wholly-owned subsidiary Capstone Valuation Services, LLC, as its
financial advisors.

The Troubled Company Reporter, on Nov. 5, 2014, reported that the
Bankruptcy Court authorized Associated Wholesalers, which changed
its name to AWI Delaware, Inc., prior to the approval of the sale,
to sell substantially all of its assets, including their White
Rose grocery distribution business, to C&S Wholesale Grocers, Inc.

The C&S purchase price consists of the lesser of the amount of the
bank debt, which totals about $18.1 million and $152 million, plus
other liabilities, which amount is valued at $194 million.  C&S,
according to Bill Rochelle and Sherri Toub, bankruptcy columnists
for Bloomberg News, ended up paying $86.5 million more cash to be
anointed as the winner at the auction.

AWI Delaware notified the Bankruptcy Court on Nov. 12, 2014, that
closing occurred in connection with the sale of their assets to
C&S.  AWI Delaware subsequently changed its name to ADI
Liquidation, Inc., following the closing of the sale.



ASSOCIATED WHOLESALERS: Wants Until July to Decide on Leases
------------------------------------------------------------
ADI Liquidation, Inc., f/k/a AWI Delaware, Inc., et al., ask the
U.S. Bankruptcy Court for the District of Delaware to extend the
deadline by which they must assume or reject unexpired leases of
non-residential real property through and including July 6, 2015.

On Oct. 29, 2014, following a successful competitive auction, the
Court entered an order approving the sale of substantially all of
the Debtors' assets to C&S Wholesale Grocers, Inc.  The sale closed
on Nov. 12, 2014.  The assets of debtor Co-Op Agency, Inc. were
excluded from the Sale.

Co-Op is a party to two non-residential real property leases for
leased property in Pennsylvania (the "Co-Op Leases").  The Debtors
believe that other than these Co-Op Leases, they are not a party to
any non-residential real property leases that have not already been
rejected or assumed and assigned to the Purchaser.  Out of an
abundance of caution, however, the Debtors seek authority to extend
the Assumption/Rejection Deadline for any other unknown Unexpired
Leases.

Mark Minuti, Esq., at Saul Ewing LLP, explains that because the
Debtors are not prepared at this time to make a final determination
regarding the assumption or rejection of the Unexpired Leases, the
Debtors require an extension of the deadline.  The Debtors have
reached out to the landlords for the Co-Op Leases and have obtained
consent from both Landlords to the July extension.

                   About Associated Wholesalers

Founded in 1962 and headquartered in Robesonia, Pennsylvania,
Associated Wholesalers Inc. serviced 800 supermarkets, specialty
stores, convenience stores and superettes with grocery, meat,
produce, dairy, frozen foods and general merchandise/health and
beauty care products.  AWI, with distribution facilities in
Robesonia, Pennsylvania, and York, Pennsylvania, served the mid-
Atlantic United States.  AWI is owned by its 500 retail members,
who in turn operate supermarkets.  AWI had 1,459 employees.

White Rose Inc. is a food wholesaler and distributor serving the
greater New York metropolitan area.  The company traces its
origins to 1886, when brothers Joseph and Sigel Seeman founded
Seeman Brothers & Doremus to provide grocery deliveries throughout
New York City.  White Rose carries out its operations through
three leased warehouse and distribution centers, two of which are
located in Carteret, New Jersey, and one in Woodbridge, New Jersey.
White Rose has 777 employees.

Associated Wholesalers and its affiliates sought Chapter 11
bankruptcy protection on Sept. 9, 2014, to sell their assets under
11 U.S.C. Sec. 363 to C&S Wholesale Grocers, absent higher and
better offers.

The Debtors have sought joint administration of their Chapter 11
cases for procedural purposes, seeking to maintain all pleadings on
the case docket for AWI Delaware, Inc., Bankr. D. Del. Case No.
14-12092.

As of the Petition Date, the Debtors owe the Bank Group (consisting
of lenders, Bank of America, N.A., Bank of American Securities LLC
as sole lead arranger and joint book runner, Wells Fargo Capital
Finance, LLC as joint book runner and syndication agent, and RBS
Capita, as documentation agent) an aggregate principal amount of
not less than $131,857,966 (inclusive of outstanding letters of
credit), plus accrued interest.  The Debtors estimate trade debt of
$72 million.  AWI Delaware disclosed $11,440 in assets and
$125,112,386 in liabilities as of the Chapter 11 filing.

Saul Ewing LLP and Rhoads & Sinon LLP are serving as legal
advisors to the Debtors, Lazard Middle Market is serving as
financial advisor, and Carl Marks Advisors is serving as
restructuring advisor to AWI.  Carl Marks' Douglas A. Booth has
been tapped as chief restructuring officer.  Epiq Systems serves
as the claims agent.

The Official Committee of Unsecured Creditors tapped to retain
Hahn & Hessen LLP as its lead counsel; Pepper Hamilton LLP as its
co-counsel; and Capstone Advisory Group, LLC, together with its
wholly-owned subsidiary Capstone Valuation Services, LLC, as its
financial advisors.

The Troubled Company Reporter, on Nov. 5, 2014, reported that the
Bankruptcy Court authorized Associated Wholesalers, which changed
its name to AWI Delaware, Inc., prior to the approval of the sale,
to sell substantially all of its assets, including their White
Rose grocery distribution business, to C&S Wholesale Grocers, Inc.

The C&S purchase price consists of the lesser of the amount of the
bank debt, which totals about $18.1 million and $152 million, plus
other liabilities, which amount is valued at $194 million.  C&S,
according to Bill Rochelle and Sherri Toub, bankruptcy columnists
for Bloomberg News, ended up paying $86.5 million more cash to be
anointed as the winner at the auction.

AWI Delaware notified the Bankruptcy Court on Nov. 12, 2014, that
closing occurred in connection with the sale of their assets to
C&S.  AWI Delaware subsequently changed its name to ADI
Liquidation, Inc., following the closing of the sale.



ATLS ACQUISITION: Court OKs Changes in Bankruptcy Case Caption
--------------------------------------------------------------
The U.S. Bankruptcy Court authorized ATLS Acquisition LLC, et al.,
to change their case caption from:

   1. ATLS Healthcare Group, Inc., to Liberty Healthcare Group,
Inc.;

   2. ATLS Medical Supply, Inc., to Liberty Medical Supply, Inc.;

   3. ATLS Healthcare Pharmacy of Nevada, LLC, to Liberty
Healthcare Pharamcy of Nevada, LLC;

   4. ATLS Lane Condominium Association, Inc., to Liberty Lane
Condominium Association, Inc.;

   5. ATLS Marketplace, Inc., to Liberty Marketplace, Inc.; and

   6. ATLS Liberty Lane Development Company, Inc., to Liberty Lane
Development Company, Inc.

                       About Liberty Medical

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

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

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

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

                           *     *     *

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

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


ATLS ACQUISITION: Court OKs Changes in RSR Reporting Requirements
-----------------------------------------------------------------
The U.S. Bankruptcy Court authorized ATLS Acquisition, LLC, et al.,
to expand the scope of employment of RSR Consulting, LLC,
specifically as to Robert S. Rosenfield, and change in reporting
requirements.

As reported in the Troubled Company Reporter on July 25, 2013, the
Court authorized the Debtor to employ RSR to provide a chief
restructuring officer; and appoint Robert Rosenfeld as CRO.

The firm is expected to, among other things:

   a) provide services with respect to the Debtors' complex
      Chapter 11 restructuring activities;

   b) provide operational and financial restructuring support
      in connection with the Debtors' business operations; and

   c) provide services in managing and advising on various
      ongoing litigation cases.

The hourly rates of the firm's personnel are:

         Managing Director and Directors       $325 - $375
         Managers & Consultants                $225 - $295

To the best of the Debtors' knowledge, RSR holds no interest
adverse to the Debtors, their creditors, or in any party-in-
interest.

                       About Liberty Medical

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

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

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

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

                           *     *     *

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

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


BERNARD L. MADOFF: Del. Judge Dodges Involvement in Disputes
------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that several victims of Bernard Madoff's Ponzi
scheme lost their latest bid to sidestep New York courts in pursuit
of their own lawsuit against the estate of the late Jeffry
Picower.

According to the report, in the largest single recovery on behalf
of fraud victims, Irving Picard, the trustee winding down Madoff's
investment firm, reached a settlement in 2010 under which Picower's
estate paid $7.2 billion, in return for a court order barring
anyone else from suing.  Several customers who wanted to sue
Picower on their own in Florida appealed, but U.S. District Judge
John G. Koeltl in New York upheld the settlement, and the U.S.
Court of Appeals for the Second Circuit in Manhattan agreed with
Judge Koeltl.

                     About Bernard L. Madoff

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

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

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

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

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

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims. The fifth pro
rata interim distribution slated for Jan. 15, 2015, will total
$322 million and will bring the amount distributed to eligible
claimants to approximately $7.2 billion, which includes more than
$822.5 million in advances committed to the SIPA Trustee for
distribution to allowed claimants by the SIPC.

As of Nov. 30, 2014, the SIPA Trustee has recovered or reached
agreements to recover approximately $10.5 billion since his
appointment in December 2008.


BERNARD L. MADOFF: Partner Investors Claims Are Barred
------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that some victims of Bernard Madoff's Ponzi scheme
failed in their latest attempt to circumvent court decisions
barring feeder-fund investors from making claims of their own
against the convicted swindler's investment firm.

According to the report, about 160 people were general partners in
partnerships that invested entirely with Madoff.  U.S. Bankruptcy
Judge Stuart M. Bernstein agreed with the trustee liquidating Mr.
Madoff's company, citing case law saying that customer status must
be "narrowly interpreted."  He said the partners themselves weren't
customers individually because "they did not entrust any cash or
securities with" Madoff, the report related.

                     About Bernard L. Madoff

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

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

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

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

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

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims. The fifth pro
rata interim distribution slated for Jan. 15, 2015, will total
$322 million and will bring the amount distributed to eligible
claimants to approximately $7.2 billion, which includes more than
$822.5 million in advances committed to the SIPA Trustee for
distribution to allowed claimants by the SIPC.

As of Nov. 30, 2014, the SIPA Trustee has recovered or reached
agreements to recover approximately $10.5 billion since his
appointment in December 2008.


BINDER & BINDER: Klestadt Winters Approved as Committee Counsel
---------------------------------------------------------------
The Bankruptcy Court authorized the Official Committee of Unsecured
Creditors in the Chapter 11 case of Binder & Binder - The National
Social Security Disability Advocates (NY), LLC, et al., to retain
Klestadt Winters Jureller Southard & Stevens, LLP as its counsel.
To the best of the Committee's knowledge, Klestadt Winters is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

                      About Binder & Binder

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

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

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

A four-member panel serves as Official Committee of Unsecured
Creditors in the Debtors' cases.



BINDER & BINDER: Stellus Balks After Being Removed From Committee
-----------------------------------------------------------------
Stellus Capital Investment Corporation, prepetition unsecured
lender Binder & Binder - The National Social Security Disability
Advocates (NY), LLC, et al., responded and reserved it right
regarding the U.S. Trustee's removal of Stellus from the Official
Committee of Unsecured Creditors.

On Jan. 30, 2015, the U.S. Trustee advised Stellus that it was
reconstituting the Committee to exclude Stellus based on the fact
that Stellus offered to provide the Debtors alternative
debtor-in-possession financing.

Stellus related that the U.S. Trustee lacked the authority to
unilaterally remove Stellus from the Committee.  However, even if
the U.S. Trustee possesses such authority, its use of power in the
instance was improper.

Additionally, Stellus says that its willingness to make a potential
DIP facility available to the Debtors, at the specific request of
the Debtors and with the encouragement of the Committee, has
enhanced the Debtors' prospects for a plan of reorganization that
will make meaningful and substantial payments to the unsecured
creditors in the case, as opposed to a forced liquidation commenced
after six months strictly for the benefit of senior secured
lenders.

Stellus is represented by:

         Stephen E. Gruendel, Esq.
         MOORE & VAN ALLEN, PLLC
         100 N. Tryon St., Suite 4700
         Charlotte, NC 28205
         Tel: (704) 331-3533
         Fax: (704) 339-5833

                     About Binder & Binder

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

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

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

A four-member panel serves as Official Committee of Unsecured
Creditors in the Debtors' cases.



BIOSCRIP INC: Moody's Caa1 CFR Unaffected by $62.5MM Stock Issuance
-------------------------------------------------------------------
Moody's Investors Service said that BioScrip, Inc.'s privately
placed issuance of $62.5 million of convertible preferred stock is
credit positive, but does not impact the Caa1 Corporate Family
Rating or the stable outlook.

Headquartered in Elmsford, New York, BioScrip, Inc. is a national
provider of home infusion and pharmacy benefit management ("PBM")
services.  The company's clinical management programs and services
provide access to prescription medications for patients with
chronic and acute healthcare conditions, including gastrointestinal
abnormalities, infectious diseases, cancer, pain management,
multiple sclerosis, organ transplants, bleeding disorders,
rheumatoid arthritis, immune deficiencies and heart failure.  As of
Dec. 31, 2014, BioScrip had a total of 77 service locations across
29 states.  For the year ended Dec. 31, 2014, BioScrip generated
revenues from continuing operations of approximately $984 million.


BLOOMFIELD DENTAL: Case Summary & 15 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Bloomfield Dental Arts, PC
        1018 Broad STreet
        Bloomfield, NJ 07003

Case No.: 15-14366

Chapter 11 Petition Date: March 13, 2015

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

Judge: Hon. Novalyn L. Winfield

Debtor's Counsel: Leonard S. Singer, Esq.
                  ZAZELLA & SINGER, ESQS.
                  36 Mountain View Blvd.
                  Wayne, NJ 07470
                  Tel: (973) 696-1700
                  Fax: 973-696-3228
                  Email: zsbankruptcy@gmail.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Joseph Moussa, president/secretary.

A list of the Debtor's 15 largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb15-14366.pdf


BROADWAY FINANCIAL: Amends 18.9 Million Shares Resale Prospectus
----------------------------------------------------------------
Broadway Financial Corporation has amended its Form S-1
registration statement relating to the resale or other disposition
by certain selling stockholders of up to 18,975,549 shares of
common stock, which would constitute 65.26% of the Company's
outstanding common stock if all those shares are sold.

The Company is not offering any shares of common stock for sale
pursuant to this prospectus and it will not receive any of the
proceeds from sales of the shares.

The Company's common stock is currently traded on the NASDAQ
Capital Market under the symbol "BYFC."  On March 11, 2015, the
closing sale price for the Company's common stock, as reported by
the NASDAQ Capital Market, was $1.30 per share.

The Company amended the Registration Statement to delay its
effective date.

A full-text copy of the amended registration statement is available
for free at http://is.gd/W3YPzM

                      About Broadway Financial

Los Angeles, Calif.-based Broadway Financial Corporation was
incorporated under Delaware law in 1995 for the purpose of
acquiring and holding all of the outstanding capital stock of
Broadway Federal Savings and Loan Association as part of the
Bank's conversion from a federally chartered mutual savings
association to a federally chartered stock savings bank.  In
connection with the conversion, the Bank's name was changed to
Broadway Federal Bank, f.s.b.  The conversion was completed, and
the Bank became a wholly owned subsidiary of the Company, in
January 1996.

The Company is regulated by the Board of Governors of the Federal
Reserve System.  The Bank is regulated by the Office of the
Comptroller of the Currency and the Federal Deposit Insurance
Corporation.

Broadway Financial reported a loss allocable to common
stockholders of $1.08 million in 2013, a loss allocable to common
stockholders of $693,000 in 2012 and a net loss available to
common shareholders of $15.4 million in 2011.


CAESARS ENTERTAINMENT: Judge Directs Appointment of Ch. 11 Examiner
-------------------------------------------------------------------
Tom Hals and Nick Brown, writing for Reuters, reported that U.S.
Bankruptcy Judge Benjamin Goldgar in Chicago directed the U.S.
Trustee to appoint an independent examiner to investigate
transactions by Caesars Entertainment Operating Co.

According to Reuters, court papers said the examiner will be tasked
with analyzing the propriety of a number of intercompany deals that
are at the heart of the bankruptcy of CEOC.  As the operating
company struggled to overhaul its operations prior to filing for
bankruptcy, it transferred a number of its most valuable properties
and casinos to affiliates of the parent company, Reuters related.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Caesars sought an investigator with a limited
budget, limited time to work and limited issues to probe, while
second-lien noteholders are asking for a broader investigation.
The ad hoc lenders also want the examiner to investigate alleged
bad faith by the second-lien bondholders with regard to claims of
invalidity in the senior debt, the Bloomberg report said.

                    About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
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.

The Company's balance sheet at Sept. 30, 2014, showed $24.5 billion
in total assets against $28.2 billion in total liabilities.

In January 2015, Caesars Entertainment and subsidiary Caesars
Entertainment Operating Company, Inc., 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 CEOC (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.

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

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.



CAL DIVE: Wants to File Schedules & Statements Until May 17
-----------------------------------------------------------
Cal Dive International Inc. and its debtor-affiliates ask the U.S.
Bankruptcy Court for the District of Delaware to extend the
deadline for them to file their schedules of assets and
liabilities, and statements of financial affairs until May 17,
2015.

A hearing is set for March 30, 2015, at 2:00 p.m., to consider the
Debtors' extension request.  Objections, if any, are due March 23,
2015, at 4:00 p.m.

The Debtors say they submit that under the circumstances of their
chapter 11 cases, sufficient cause exists to extend the deadline to
file their schedules and statements.  Completing the schedules and
statements requires the expenditure of considerable time and effort
by their employees and advisors to collect, review and assemble
copious amounts of information.

According to the Debtors, before the Petition Date, they focused
primarily on preparing the necessary pleadings to commence these
cases and engaging in extensive negotiations with their lenders and
other parties in interest. Given the amount of work entailed in
completing their schedules and statements, and the competing
demands upon their personnel to address critical operational
matters during the initial postpetition period, they will not be in
a position to properly and accurately complete the schedules and
statements within the required 30-day period.

                   About Cal Dive International

Cal Dive International, Inc., headquartered in Houston, Texas, is
a marine contractor that provides manned diving, pipelay and pipe
burial, platform installation and salvage, and light well
intervention services to the offshore oil and natural gas industry
on the Gulf of Mexico OCS, Northeastern U.S., Latin America,
Southeast Asia, China, Australia, West Africa, the Middle East,
and Europe, with a diversified fleet of dive support vessels and
construction barges.

Cal Dive had decided not to pay $2.2 million in interest due Jan.
15, 2015, on its 5.00% convertible senior notes due 2017.

Cal Dive and its U.S. subsidiaries filed simultaneous voluntary
petitions (Bankr. D. Del. Lead Case No. 15-10458) on March 3,
2015.  Through the Chapter 11 process, the Company intends to sell
non-core assets and intends to reorganize or sell as a going
concern its core subsea contracting business.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.


CHASSIX HOLDINGS: Has Prime Clerk as Claims and Noticing Agent
--------------------------------------------------------------
Chassix Holdings, Inc., et al., ask the U.S. Bankruptcy Court for
the Southern District of New York for approval to employ Prime
Clerk LLC as their claims and noticing agent in the chapter 11
cases.

Although the Debtors have not yet filed their schedules of assets
and liabilities, they anticipate that there will be in excess of
2,000 entities to be noticed.

The Debtors filed a separate application to employ Prime Clerk as
administrative advisor.  The firm will, among other things, assist
with, among other things, solicitation, balloting and tabulation of
votes, and prepare any related reports, as required in support of
confirmation of a chapter 11 plan.

For its claims and noticing services, Prime Clerk will charge the
Debtors at these hourly rates:

                                    Hourly Rate
                                    -----------
     Analyst                           $45
     Technology Consultant            $110
     Consultant                       $135
     Senior Consultant                $160
     Director                         $190

For the firm's solicitation, balloting and tabulation services,
the rates are:

                                    Hourly Rate
                                    -----------
     Solicitation Consultant          $185
     Director of Solicitation         $210

The firm will charge $0.10 per page for printing, $0.10 per page
for fax noticing, and no charge for e-mail noticing.  Hosting of
the case Web site is free of charge and on-line claim filing
services are free of charge.  For data administration and
management, the firm will charge $0.10 per record per month for
data storage, maintenance and security.

Prior to the Petition Date, the Debtors provided Prime Clerk a
retainer in the amount of $25,000.

To the best of the Debtors' knowledge, Prime Clerk is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code, as required by Section 327(a).

The claims agent can be reached at:

         PRIME CLERK LLC
         830 3rd Avenue, 9th Floor
         New York, NY 10022
         Attn: Shai Waisman
         Tel: (212) 257-5450
         E-mail: swaisman@primeclerk.com

                      About Chassix Holdings

Chassix is a global manufacturer and supplier of aluminum and iron
chassis sub-frame components and powertrain products with both
casting and machining capabilities.  Based in Southfield, Michigan,
Chassix and its subsidiaries operate 23 manufacturing facilities
across six countries, providing safety critical automotive
components, having content on approximately 64% of the largest
platforms in North America.  Their product mix maintains an even
balance among trucks, minivans and SUVs, as well as small and
medium size cars and cross-over vehicles.

For the twelve months ended Dec. 31, 2014, the Debtors generated
$1.37 billion in revenue on a consolidated basis.  As of Dec. 31,
2014, the Debtors had $833 million in assets and $784 million in
liabilities on a consolidated basis.

Chassix Holdings, Inc., et al., sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 15-10578) in Manhattan on March 12,
2015, with a Chapter 11 plan that was negotiated with lenders and
customers.

Chassix Holdings estimated $500 million to $1 billion in assets and
debt.  The formal schedules of assets and liabilities are due March
26, 2015.

The Debtors have tapped Weil, Gotshal & Manges LLP, as attorneys;
Lazard Freres & Co, LLC, as investment banker; FTI Consulting, Inc.
to provide an interim CFO and additional restructuring services;
and Prime Clerk LLC, as claims and noticing agent.


CHASSIX HOLDINGS: Proposes May 21 General Claims Bar Date
---------------------------------------------------------
Chassix Holdings, Inc., et al., ask the U.S. Bankruptcy Court for
the Southern District of New York to establish:

   -- May 21, 2015 at 5:00 p.m. (Eastern Time) as the deadline for
each person or entity (including, without limitation, individuals,
partnerships, corporations, joint ventures, trusts, but not
including governmental units to file a proof of claim in respect of
a prepetition claim, including, for the avoidance of doubt, secured
claims, priority claims, and claims arising under Section 503(b)(9)
of the Bankruptcy Code against any of the Debtors; and

   -- Sept. 9, 2015 at 5:00 p.m. (Eastern Time) as the deadline for
Governmental Units to file a Proof of Claim in respect of a
prepetition claim against any of the Debtors.

Proofs of Claim must be filed either (i) electronically through the
Web site of the Debtors' Court-approved claims agent, Prime Clerk
LLC), using the interface available on such Web site located at
https://cases.primeclerk.com/chassix under the link entitled
"Submit a Claim" or (ii) by delivering the original Proof of Claim
form by hand, or mailing the original Proof of Claim form on or
before the applicable Bar Date as follows:

   * If by overnight courier, hand delivery or first class mail:

        Chassix Holdings, Inc.
        Claims Processing Center
        c/o Prime Clerk LLC
        830 3rd Avenue, 9th Floor
        New York, NY 10022

    * If by hand delivery:

        United States Bankruptcy Court, SDNY
        One Bowling Green
        New York, NY 10004-1408

The Debtors submit that the proposed bar date and procedures
provide sufficient time for all parties in interest, including
foreign creditors, to assert their claims.

                      About Chassix Holdings

Chassix is a global manufacturer and supplier of aluminum and iron
chassis sub-frame components and powertrain products with both
casting and machining capabilities.  Based in Southfield, Michigan,
Chassix and its subsidiaries operate 23 manufacturing facilities
across six countries, providing safety critical automotive
components, having content on approximately 64% of the largest
platforms in North America.  Their product mix maintains an even
balance among trucks, minivans and SUVs, as well as small and
medium size cars and cross-over vehicles.

For the twelve months ended Dec. 31, 2014, the Debtors generated
$1.37 billion in revenue on a consolidated basis.  As of Dec. 31,
2014, the Debtors had $833 million in assets and $784 million in
liabilities on a consolidated basis.

Chassix Holdings, Inc., et al., sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 15-10578) in Manhattan on March 12,
2015, with a Chapter 11 plan that was negotiated with lenders and
customers.

Chassix Holdings estimated $500 million to $1 billion in assets and
debt.  The formal schedules of assets and liabilities are due March
26, 2015.

The Debtors have tapped Weil, Gotshal & Manges LLP, as attorneys;
Lazard Freres & Co, LLC, as investment banker; FTI Consulting, Inc.
to provide an interim CFO and additional restructuring services;
and Prime Clerk LLC, as claims and noticing agent.


CHASSIX HOLDINGS: Seeks Court Nod for Weil Gotshal as Counsel
-------------------------------------------------------------
Chassix Holdings, Inc., et al., ask the U.S. Bankruptcy Court for
the Southern District of New York for approval to employ Weil,
Gotshal & Manges LLP as attorneys, nunc pro tunc to the Petition
Date.

The Debtors request that the Court approve the retention of Weil,
under a general retainer, as their attorneys to perform the
extensive legal services that will be required during the Chapter
11 cases in accordance with Weil's normal hourly rates in effect
when services are rendered and Weil's normal reimbursement
policies.

The Debtors have been informed that Marcia L. Goldstein and Ray C.
Schrock, P.C., members of Weil, as well as other members of,
counsel to, and associates of Weil, who will be employed in these
Chapter 11 cases, are members in good standing of, among others,
the Bar of the State of New York and the United States District
Court for the Southern District of New York.

Weil's current customary hourly rates, subject to change from time
to time, are $865 to $1,250 for members and counsel, $465 to $850
for associates, and $195 to $350 for paraprofessionals.

Weil is not a creditor of the Debtors.  During the 90-day period
prior to the Petition Date, Weil received advances in the amount of
$4.81 million for services to be performed and expenses incurred,
including in preparation for the commencement of the Chapter 11
cases.

Based upon Mr. Schrock's declaration, the Debtors submit that Weil
is a “disinterested person” as that term is defined in Section
101(14) of the Bankruptcy Code, as modified by Section 1107(b).

           Attorney Statement Pursuant to Fee Guidelines

The following is provided in response to the request for additional
information set forth in Paragraph D.1 of the Fee Guidelines.

      Question: Did you agree to any variations from, or
alternatives to, your standard or customary billing arrangements
for this engagement?

      Response: No.

      Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

      Response: No.

      Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition.  If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

      Response: Weil represented the Debtors for approximately five
months prior to the Commencement Date.  Paragraph 18 herein
discloses the billing rates used by Weil for the prepetition
engagement. Weil's billing rates and material financial terms with
respect to this matter have not changed postpetition.

      Question: Has your client approved your prospective budget
and staffing plan, and, if so, for what budget period?

      Response: Yes, our client has approved a prospective budget
in connection with its debtor-in-possession financing through the
period ending July 31, 2015.  Our client has also approved a
staffing plan.

                      About Chassix Holdings

Chassix is a global manufacturer and supplier of aluminum and iron
chassis sub-frame components and powertrain products with both
casting and machining capabilities.  Based in Southfield, Michigan,
Chassix and its subsidiaries operate 23 manufacturing facilities
across six countries, providing safety critical automotive
components, having content on approximately 64% of the largest
platforms in North America.  Their product mix maintains an even
balance among trucks, minivans and SUVs, as well as small and
medium size cars and cross-over vehicles.

For the twelve months ended Dec. 31, 2014, the Debtors generated
$1.37 billion in revenue on a consolidated basis.  As of Dec. 31,
2014, the Debtors had $833 million in assets and $784 million in
liabilities on a consolidated basis.

Chassix Holdings, Inc., et al., sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 15-10578) in Manhattan on March 12,
2015, with a Chapter 11 plan that was negotiated with lenders and
customers.

Chassix Holdings estimated $500 million to $1 billion in assets and
debt.  The formal schedules of assets and liabilities are due March
26, 2015.

The Debtors have tapped Weil, Gotshal & Manges LLP, as attorneys;
Lazard Freres & Co, LLC, as investment banker; FTI Consulting, Inc.
to provide an interim CFO and additional restructuring services;
and Prime Clerk LLC, as claims and noticing agent.


CHASSIX HOLDINGS: Targeting June Approval of Reorganization Plan
----------------------------------------------------------------
Chassix Holdings, Inc., et al., seek approval from the U.S.
Bankruptcy Court for the Southern District of New York of this
proposed timeline in connection with the confirmation process for
their pre-negotiated plan of reorganization:

      Event                                      Date
      -----                                      ----
Objection Deadline to Disclosure Statement     April 7, 2015
                                               at 5:00 p.m.

Disclosure Statement Hearing                   April 16, 2015
                                               at 10:00 a.m.

Record Date                                    April 16, 2015

Solicitation Date                              April 23, 2015

Voting Deadline                                June 4, 2015
                                               at 5:00 p.m.

Plan Objection Deadline                        June 4, 2015 at
                                               5:00 p.m.

Confirmation Hearing                           June 18, 2015
                                               at 10:00 a.m.

As of the Petition Date, the Debtors had outstanding funded debt
obligations totaling $680 million, consisting of (i) $135 million
in secured borrowings under a Revolving ABL Facility, (ii) $375
million in principal amount of secured notes, (iii) $158 million in
principal amount of unsecured notes, and (iv) $12 million in
capital lease obligations.

The Plan treats claims and interests as follows:

   -- Holders of Secured Note Claims ($395 million) are slated for
a 79.8% recovery.  In accordance with the Global Settlement, the
holders of these claims will receive their pro rata share of
approximately 97.5% of the new common stock (subject to dilution).

   -- Holders of Unsecured Note Claims ($158 million) are slated to
recover 8.3%.  The unsecured noteholders will receive their pro
rata share of 2.5% (subject to dilution) of the Reorganized
Debtors' new common stock and warrants to purchase an additional 5%
of the new common stock.

   -- Holders of General Unsecured Trade Claims ($31 million) are
slated to recover 25 cents on the dollar.  They will receive split
$1 million in cash, provided that any holder of the claims that
enters into an agreement to extend customary trade terms will
receive its pro rata share of the $1 million, and, in addition, its
pro rata share of an additional $4 million.

   -- Holders of Other General Unsecured Claims (Undetermined) will
recover 5%.  Holders of these claims will split $2 million in cash
provided that they vote in favor of the Plan.  Those rejecting the
Plan will not receive anything.

   -- Holders of Subordinated Securities Claims (N/A) will not
receive or retain any property under the Plan on account of those
claims.

   -- Holders of existing Chassix Holdings Equity Interests will
not receive or retain any property under the Plan on account of
those interests.

Only holders of Secured Note Claims (Class 3), Unsecured Note
Claims (Class 4), and General Unsecured Trade Claims (Class 5), and
Other General Unsecured Claims (Class 6) are entitled to vote on
the Plan.  Holders of claims that are not impaired -- Other
Priority Claims (Class 1), Other Secured Claims (Class 2),
Intercompany Claims (Class 7), and Intercompany Interests (Class 8)
-- are deemed to accept the Plan.  Holders of Subordinated
Securities Claims (Class 9) and Existing Holdco Equity Interests
(Class 10), who won't receive anything under the Plan, are deemed
to reject the Plan.

To expedite a determination as to which creditors and interest
holders may vote on the Plan, the Debtors have submitted a motion
and order to the Court that states that the Debtors will file their
schedules of assets and liabilities by April 10, 2015.  In
addition, the Debtors have submitted, or will soon submit, an order
to the Court that, among other things, sets (a) May 21, 2015 at
5:00 p.m. (Eastern Time) as the proposed deadline for any parties
in interest to file proofs of claim and (b) Sept. 9, 2015 at 5:00
p.m. (Eastern Time) as the proposed deadline for governmental units
to file proofs of claim.

For voting purposes, the Debtors propose that each claim within the
voting classes be temporarily allowed in an amount equal to the
amount of such claim set forth in the Schedules subject to certain
exceptions.  The procedures provide, among other things, that if a
claim for which a proof of claim has been timely filed is wholly
contingent, unliquidated, or disputed, such claim is accorded one
vote and valued at $1.00 for voting purposes only.  If any creditor
seeks to challenge the allowance of its claim for voting purposes,
the Debtors propose that the creditor file with the Court a motion
for an order pursuant to Bankruptcy Rule 3018(a) temporarily
allowing such claim for voting purposes in a different amount.  The
Debtors propose a May 28, 2015 objection deadline, and a June 4
deadline to file the motion.

A copy of the Plan of Reorganization dated March 12, 2015, is
available for free at:

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

A copy of the Disclosure Statement dated March 12, 2015, is
available for free at:

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

               Plan Backed by Customers, Lenders

As reported in the March 13, 2015 edition of the TCR, the Debtors
have reached an agreement on the terms of a financial and
operational restructuring with their major stakeholders, including
an ad hoc committee comprised of holders of approximately 72% of
the Debtors' senior secured notes and approximately 80% of the
Debtors' unsecured notes (the "Informal Committee of Noteholders"),
Platinum Equity Advisors LLC, the Debtors' prepetition private
equity sponsor, and certain affiliated entities and investment
funds (collectively, "Platinum Equity"), and all of the Debtors'
largest customers, including Ford Motor Company, General Motors
LLC, FCA US LLC f/k/a Chrysler Group LLC, Nissan North America,
Inc., and BMW Manufacturing Co., LLC, which will result in a
significant and substantial infusion of new capital in the Debtors
in the form of new debtor-in-possession and exit financing.  The
Debtors further anticipate exiting chapter 11 with a 68% reduction
in their funded indebtedness and substantial improvements to their
prospects for long-term stability and profitability.  

Specifically, pursuant to the prearranged chapter 11 plan of
reorganization, the Debtors are proposing a restructuring that will
achieve:

  (a) Approximately $250 million in debtor-in-possession financing
comprised of a new $150 million revolving asset based lending
facility to be provided by PNC Bank, National Association and a
new
$100 million term loan (which will convert to an exit term loan at
emergence) to be provided by the Debtors' prepetition secured
noteholders, to facilitate operations in chapter 11;

  (b) An infusion of $50 million by certain secured noteholders in
the form of an additional exit term loan at emergence, as well as a
commitment from the ABL DIP Lenders to work in good faith on
acceptable terms for converting the $150 million revolving asset
based lending facility to an exit asset based lending facility,
that will provide ongoing liquidity for the Debtors
post-emergence;

  (c) Conversion of $375 million of the Debtors' senior secured
notes and $158 million of the Debtors' unsecured notes to equity;

  (d) Agreements with the OEM Customers on long-term accommodations
that will provide the Debtors with $45 million in annual price
increases new business and programs, as well as certain other
valuable accommodations and protections, including waivers of
setoff and plan distributions on account of the OEM Customers'
substantial claims against the Debtors;

  (e) Prompt emergence from chapter 11; and

  (f) Pro rata distributions to holders of allowed General
Unsecured Claims subject to certain conditions set forth in the
Plan.

The Plan also implements a global release and settlement of
numerous Debtor-creditor and inter-creditor issues with the
Debtors' existing equity sponsor, Platinum Equity, and the members
of the Informal Committee of Noteholders.

                  Professionals Involved in Case

The Debtor's attorneys can be reached at:

         WEIL, GOTSHAL & MANGES LLP
         767 Fifth Avenue
         New York, NY 10153
         Attn: Marcia L. Goldstein, Esq.
               Ray C. Schrock, P.C.

Cantor Fitzgerald Securities, in its capacity as administrative
agent and collateral agent for the DIP Term Lenders under the DIP
Term Facility, is represented by:

         SHIPMAN & GOODWIN LLP
         One Constitution Plaza
         Hartford, CT 06103-1919
         Facsimile: (860) 251-5099
         Attention: Nathan Z. Plotkin, Esq.

PNC Bank, National Association, in its capacity as administrative
agent and collateral agent for the Revolving DIP Lenders under the
Revolving DIP Credit Facility, is represented by:

         BODMAN PLC
         6th Floor at Ford Field
         1901 St. Antoine Street
         Detroit, MI 48226
         Facsimile: (313) 393-7579
         Attention: Robert J. Diehl, Jr., Esq.

The Informal Committee of Noteholders has tapped AlixPartners LLP
as financial advisor.  The Noteholders' attorneys are:

         PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
         1285 Avenue of the Americas
         New York, NY 10019
         Facsimile: (212) 492-0158
         Attention: Andrew N. Rosenberg, Esq.
         Alice B. Eaton, Esq.

Platinum Equity Advisors, LLC, tapped Houlihan Lokey Capital, Inc.,
as financial advisor.  Platinum's attorneys can be reached at:

         MILBANK, TWEED, HADLEY & MCCLOY LLP
         28 Liberty Street
         New York, NY 10005
         Facsimile: (212) 530-5219
         Attention: Dennis F. Dunne, Esq.
         Samuel A. Khalil, Esq.

Counsel to FCA US LLC:

         DICKINSON WRIGHT PLLC
         500 Woodward Avenue
         Suite 4000
         Detroit, MI 48226
         Facsimile: (313) 223-3598
         Attention: James A. Plemmons, Esq.
                    Colin T. Ferguson, Esq.

Counsel to General Motors LLC:

         FROST BROWN TODD LLC
         150 3rd Avenue South, Suite 1900
         Nashville, TN 37201
         Facsimile: (615) 251-5551
         Attention: Robert V. Sartin, Esq.
                    Michelle Drinkard Balfour, Esq.

Counsel to Ford Motor Company:

         MILLER, CANFIELD, PADDOCK AND STONE, P.L.C.
         150 West Jefferson
         Suite 2500
         Detroit, MI 48226
         Facsimile: (313) 496-7500
         Attention: Jonathan S. Green, Esq.
                    Stephen S. LaPlante, Esq.

Counsel to BMW Manufacturing Co., LLC:

         JAFFE RAITE HEUER & WEISS, P.C.
         27777 Franklin Road, Suite 2500
         Detroit, MI 48034
         Facsimile: (313) 961-1200
         Attention: Richard E. Kruger, Esq.

Counsel to Nissan North America, Inc.:

         WALLER LANSDEN DORTCH & DAVIS, LLP
         511 Union Street, Suite 2700
         Nashville, TN 37219
         Facsimile: (313) 961-1200
         Attention: Mike Paslay, Esq.

                      About Chassix Holdings

Chassix is a global manufacturer and supplier of aluminum and iron
chassis sub-frame components and powertrain products with both
casting and machining capabilities.  Based in Southfield, Michigan,
Chassix and its subsidiaries operate 23 manufacturing facilities
across six countries, providing safety critical automotive
components, having content on approximately 64% of the largest
platforms in North America.  Their product mix maintains an even
balance among trucks, minivans and SUVs, as well as small and
medium size cars and cross-over vehicles.

For the twelve months ended Dec. 31, 2014, the Debtors generated
$1.37 billion in revenue on a consolidated basis.  As of Dec. 31,
2014, the Debtors had $833 million in assets and $784 million in
liabilities on a consolidated basis.

Chassix Holdings, Inc., et al., sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 15-10578) in Manhattan on March 12,
2015, with a Chapter 11 plan that was negotiated with lenders and
customers.

Chassix Holdings estimated $500 million to $1 billion in assets and
debt.  The formal schedules of assets and liabilities are due March
26, 2015.

The Debtors have tapped Weil, Gotshal & Manges LLP, as attorneys;
Lazard Freres & Co, LLC, as investment banker; FTI Consulting, Inc.
to provide an interim CFO and additional restructuring services;
and Prime Clerk LLC, as claims and noticing agent.


CIRCLE C RANCHLANDS: Case Summary & 5 Top Unsecured Creditors
-------------------------------------------------------------
Debtor: Circle C Ranchlands W.M.U. LLC
        16000 Ventura Blvd., Ste 1000
        Encino, CA 91436

Case No.: 15-10873

Chapter 11 Petition Date: March 13, 2015

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Maureen Tighe

Debtor's Counsel: Yi S Kim, Esq.
                  GREENBERG & BASS
                  16000 Ventura Blvd, Ste 1000
                  Encino, CA 91436
                  Tel: 818-382-6200
                  Fax: 818-986-6534
                  Email: ykim@greenbass.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by James R. Felton, receiver.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb15-10873.pdf


CIVIC PARTNERS: Legal Fight Over Complex Hampers Leasing
--------------------------------------------------------
A protracted legal fight over a $13 million entertainment complex
developed by Civic Partners Sioux City LLC has made it impossible
to close a deal to fill the retail space that wrapped around the
Promenade Cinema 14, Dave Dreeszen at the Sioux City Journal
reports, citing United Commercial's Beau Braunger.

The City Journal relates that the Company promised to quickly fill
the retail space with a mixture of restaurants, bars and shops that
would appeal to theater-goers and visitors to the adjacent Historic
Fourth District, but a decade later, almost all the 12,000 square
feet of retail space remains vacant.  The report adds that the
complex only has the theater and 6 South Designs, a women's
clothing and event-planning store, as tenants.

The City Journal quoted Mr. Braunger as saying, "It's very
frustrating.  The way it's listed, it's a full-price offer.  The
bank and the courts are just sitting on it.  It's been a complete
stalemate it seems."

Bill Barstow, president of Main Street Theatres, said in a
statement that the lengthy legal dispute involving the Civic
Partners property "hasn't been good for Sioux City.  We have big
ideas for the Promenade, and we hope to move forward soon.  We hope
to broaden our connection to Sioux City as soon as the courts rule
in our favor . . .  We're convinced we will have the opportunity to
entertain Sioux City in the heart of their community for years to
come."

The City Journal relates that the legal dispute recently moved a
step closer to a potential resolution, but leasing the remaining
retail space in the complex will continue to be challenging until
the bankruptcy runs its course.  

The City Journal reports that Chief Bankruptcy Judge Thad Collins,
who denied the Company's reorganization plan in October 2013, is
yet to rule on a motion by the city, Main Street Theatres, and
First National Bank of Sioux City -- which holds the first mortgage
on the building and has proceeded to foreclosure -- seeking to
dismiss the bankruptcy petition or convert it to a Chapter 7
liquidation.  

Civic Partners Sioux City, LLC, based in Huntington Beach,
California, filed for Chapter 11 bankruptcy (Bankr. N.D. Iowa Case
No. 11-00829) on April 14, 2011.  A. Frank Baron, Esq., at Baron,
Sar, Goodwin, Gill & Lohr, serves as the Debtor's counsel.  In its
petition, the Debtor estimated $1 million to $10 million in assets
and debts.  The petition was signed by Steven P. Semingson,
managing member.



CLEVELAND BIOLABS: Meaden & Moore Expresses Going Concern Doubt
---------------------------------------------------------------
Cleveland BioLabs, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K for the fiscal
year ended Dec. 31, 2014.

Meaden & Moore Ltd. expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company has
suffered recurring losses from operations and has a net capital
deficiency.

The Company reported net income of $35,400 on $3.7 million of
grants and contracts for the year ended Dec. 31, 2014, compared to
a net loss of $20.13 million on $8.49 million of grants and
contracts in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $9.81 million
in total assets, $8.03 million in total liabilities and total
stockholders' equity of $1.79 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/vWT2ra
                          
                     About Cleveland BioLabs

Buffalo, N.Y.-based Cleveland BioLabs, Inc. is a biotechnology
company focused on developing biodefense, tissue protection and
cancer treatment drugs based on the concept of modulation of cell
death for therapeutic benefit.  The Company was incorporated in
Delaware and commenced business operations in June 2003.



CORPORATE CAPITAL: Fitch Affirms BB+ Longterm IDR; Outlook Stable
-----------------------------------------------------------------
Fitch Ratings has affirmed the Long-term Issuer Default Rating
(IDR) and secured debt rating of Corporate Capital Trust (CCT) at
'BB+'.  The Rating Outlook is Stable.

These actions are being taken in conjunction with a broader
industry review, which includes 10 business development companies
(BDCs).

KEY RATING DRIVERS

The rating affirmations reflect the strength of CCT's relationship
with CNL Fund Advisors Company (CNL) and KKR Credit Advisors (US)
LLC (KKR Credit), low leverage, relatively low portfolio
concentrations, limited exposure to equity investments, and strong
asset quality.  CNL has demonstrated its ability to raise and
administer capital in the retail market over a long period of time,
while KKR Credit has a strong and established track record
underwriting credit and has strong access to deal flow, given its
affiliation with KKR & Co. L.P. (KKR, rated 'A' by Fitch).

Rating constraints include a limited operating history as a
business development company (BDC), weaker-than-peer earnings
yields, a fully secured funding profile, higher-than-average
non-cash income, weaker relative earnings coverage of the dividend,
and the potential that CCT will be unable to access the equity
markets for capital following the expiration of issuing authority,
likely in 2015, barring an accelerated liquidity event.

Leverage, as measured by debt to equity, amounted to 0.32(x) at
Sept. 30, 2014, or 0.28x net of cash, which is well below the peer
average.  The firm's targeted leverage is 0.67x, but Fitch believes
that it may be some time before that level is reached, given the
current continuous stock offering structure.  At Sept. 30, 2014,
first and second lien senior debt accounted for 75.4% of the
investment portfolio, which compares favorably to a rated peer
average of 69.3%.  Exposure to equity investments, which can
experience meaningful valuation volatility, was relatively low, at
4.3%, with an additional 1.4% in structured products.

Asset quality trends have been strong since inception, supported,
in part, by market conditions.  CCT had its second non-accrual in
3Q14, which amounted to 0.23% of the portfolio at value, but Fitch
believes credit metrics for CCT and the industry more broadly are
at unsustainably low levels longer-term.

The investment portfolio was relatively more diverse than peers at
Sept. 30, 2014, with the top ten investments accounting for 29.2%
of assets and 37.3% of equity.  Still, Fitch expects portfolio
concentrations to increase modestly over time, as CCT transitions
the portfolio away from broadly syndicated credit and into directly
originated transactions.  That said; CCT is likely to maintain a
greater exposure to liquid credit than the peer group, as the firm
co-invests alongside other KKR credit vehicles, including CLOs, in
addition to its less liquid direct senior lending and mezzanine
funds.

CCT's obligor exposure to the energy sector accounted for
approximately 6.5% of its portfolio at Sept. 30, 2014, according to
Fitch's calculations, which was below the peer average of 10.5%.
Oil & gas exposure, more specifically, was also below the peer
average of 7.1%, at 2.7% of the portfolio.  Fitch conducted a
stress test on the firm's exposure along with the rest of the peer
group, and views the impact of valuation declines on the firm's
leverage as negligible.

CCT's operating history is relatively short, having only recently
completed four full years of investment operations.  Net investment
income (NII) has been on an upward trajectory given 189% portfolio
growth in 2013, followed by an additional 17.6% portfolio growth in
the first three quarters of 2014.  NII more than doubled in 2014,
although the NII yield on the portfolio remains below the peer
average, given the lower revenue yield.  CCT is expected to close
that gap over time, with a greater focus on more illiquid credits.

CCT's funding profile is fully secured, consisting of two special
purpose vehicles (SPVs), a corporate revolver, and a secured term
loan.  Borrowing capacity is more than $1.4 billion, and $581.6
million was outstanding at Sept. 30, 2014.  The firm also has a
$500 million total return swap (TRS), which is used
opportunistically to fund investments in the liquid markets.  CCT's
debt maturity profile improved in 2014, with the issuance of
secured term debt and the renewal of CCT Funding, LLC.  However,
$200 million of borrowing capacity matures in 364 days and the TRS
matures in January 2016.  Fitch expects CCT will look to extend its
debt maturity profile over time and could access the unsecured
markets to improve funding flexibility.

CCT's liquidity profile is considered sound with $80.5 million of
balance sheet cash, and $846.4 million of availability on various
secured funding facilities, subject to borrowing base requirements,
at Sept 30, 2014.  Additionally, cash flows from investment
repayments and exits were significant in 2014, amounting to $793.8
million through the first three quarters of 2014, and a meaningful
portion of the portfolio was considered liquid, with about 49% of
the portfolio considered level 2 for valuation purposes.

NII dividend coverage, which adjusts for non-cash incentive payment
accruals and realized gains, was sound, amounting to 97.4% through
3Q14.  However, coverage ratios fall significantly if non-cash
income is removed from NII, as CCT has a meaningful amount of
paid-in-kind income.  Realizations of non-cash income, to date,
have been limited, given the relatively short operating history of
the BDC.  Fitch would view an improvement in cash income coverage
of the dividend favorably.

The Stable Outlook reflects Fitch's expectations for continued
operating consistency, improved earnings yields, given the gradual
shift into less-liquid direct originations, the maintenance of good
asset quality, modest leverage, and improved dividend coverage.

That said, Fitch sees a number of emerging industry challenges that
could pressure ratings, or at least increase rating differentiation
amongst BDCs over a longer-term horizon.  These challenges include
increased competition, which is yielding tighter market spreads and
looser underwriting terms, including higher underlying portfolio
company leverage and weaker covenant packages.  Should competition
continue to intensify, market yields could decline further, which
would reduce earnings generation and pressure dividend coverage for
the space.

RATING SENSITIVITIES

Negative rating actions for CCT could be driven by an extended
increase in leverage above the targeted range of approximately
0.67x (asset coverage of 250%), resulting from increased borrowings
or material realized or unrealized depreciation, and/or a
meaningful increase in the proportion of equity holdings without a
commensurate decline in leverage.  A spike in non-accrual levels, a
continued increase in non-cash income, an inability to refinance
near-term debt maturities, and weaker cash income dividend coverage
would also be viewed unfavorably from a ratings perspective.

Positive rating momentum for CCT is viewed as limited over the
near-term, particularly given the challenging market backdrop, but
could develop over time with increased funding flexibility,
including an extension of the debt maturity profile, access to the
public unsecured debt markets, and the ability to issue public
equity for growth capital.  Other positive rating factors could
include an improvement in net investment income yields, a
continuation of solid asset quality performance, particularly given
the competitive market environment, reduced non-cash income, and
stronger cash earnings dividend coverage.

CCT is an externally managed business development company,
organized in June 2010 and commencing investment operations in July
2011.  As of Sept. 30, 2014, the company had investments in 111
portfolio companies amounting to approximately $2.5 billion.

Fitch has affirmed these with a Stable Outlook:

Corporate Capital Trust

   -- Long-term Issuer Default Rating at 'BB+';
   -- Secured Debt Rating at 'BB+'.



DAEBO INTERNATIONAL: Chapter 15 Case Summary
--------------------------------------------
Chapter 15 Petitioner: Chang-Jung Kim, CEO

Chapter 15 Debtor: Daebo International Shipping Co., Ltd.
                   7th floor 15 Saemunan-ro
                   3-gil (Dangju-dong)
                   Jongno-gu, Seoul, Korea

Chapter 15 Case No.: 15-10616

Type of Business: The Company is engaged in the business of
                  shipping bulk cargoes, such as iron ore, coal,
                  grains and steel products.

Chapter 15 Petition Date: March 16, 2015

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

Judge: Hon. Michael E. Wiles

Chapter 15 Petitioner's Counsel: Michael B. Schaedle, Esq.
                                 John D. Kimball, Esq.
                                 Gregory F. Vizza, Esq.
                                 BLANK ROME LLP
                                 One Logan Square
                                 130 North 18th Street
                                 Philadelphia, PA 19103
                                 Tel: 215-569-5762
                                 Fax: 215-832-5762
                                 Email: schaedle@blankrome.com
                                        JKimball@BlankRome.com
                                        Vizza@BlankRome.com

Estimated Assets: $100 million to $500 million

Estimated Debts: $100 million to $500 million


DEB STORES: Sells Lease to Landlord for $1.14 Million
-----------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. Bankruptcy Judge Kevin Gross in Delaware
authorized Deb Stores to sell one of its leases back to Simon
Property Group Inc. after the landlord presented the highest and
best offer at a Feb. 12 auction.

According to the report, as part of the deal, Simon will pay $1.14
million plus any security deposit to take back the lease for
property at the Mills at Jersey Gardens in Elizabeth, New Jersey.
It will also waive an $18,800 so-called cure claim and any other
unpaid, post-bankruptcy amounts owed, the report related.  All
proceeds will be paid by Deb to Ableco LLC, as agent on a
pre-bankruptcy secured term loan, the report added.

                          About Deb Stores

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

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

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

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

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

The Official Committee of Unsecured Creditors tapped Cooley LLP as
its lead counsel; Drinker Biddle & Reath LLP as its co-counsel;
and
Zolfo Cooper, LLC as its bankruptcy consultants and financial
advisors.


DELIAS INC: To Auction Antitrust Claims After Selling Inventory
---------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Delia's Inc. completed going-out-of-business
sales at its 92 clothing and accessories stores on Feb. 23 and
filed papers seeking permission from the bankruptcy judge in White
Plains, New York, to hold an auction for the company's antitrust
claims against Visa Inc. and MasterCard Inc.

According to the report, no one is yet under contract to purchase
those claims and whoever makes the best offer to become the
so-called stalking horse at auction will qualify for a 3 percent
fee if outbid.  The sale-approval hearing will take place March 20,
after the March 18 auction, the report said.

                        About DELIA*S INC.

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

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

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

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

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

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

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


DENDREON CORP: American Red Cross Resigns as Committee Member
-------------------------------------------------------------
Roberta A. DeAngelis, U.S. Trustee for Region 3, notified the U.S.
Bankruptcy Court for the District of Delaware that she has amended
the composition of the Official Committee of Unsecured Creditors
appointed in the Chapter 11 cases of Dendreon Corp., et al., to
reflect resignation of New York Blood Center, Inc., and American
Red Cross from the Committee.

The Committee members are:

   (1) Document Technologies, LLC
       Attn: Jeffrey W. Jacobs
       Two Ravinia Dr., Ste. 850
       Atlanta, GA 30346
       Phone: 770-390-2700
       Fax: 770-390-2705

   (2) Piedmont – Bridgewater NJ, LLC
       c/o Piedmont Office Realty Trust, Inc.
       Attn: Thomas A. McKean
       11695 Johns Creek Pkwy., Ste. 350
       John Creek, GA 30097
       Phone: 770-418-8611
       Fax: 770-418-8711

   (3) GlaxoSmithKline
       Attn: Tim Thelen, Esq.
       5 Moore Dr.
       PO Box 13398
       Research Triangle Park, NC 27709
       Phone: 919-483-1480
       Fax: 704-899-9234

                          About Dendreon Corp

With corporate headquarters in Seattle, Washington, Dendreon
Corporation, a biotechnology company focused on the development of
novel cellular immunotherapies to significantly improve treatment
options for cancer patients.

Dendreon's first product, PROVENGE (sipuleucel-T), was approved by
the U.S. Food and Drug Administration (FDA) and became commercially
available for the treatment of men with asymptomatic or minimally
symptomatic castrate-resistant (hormone-refractory) prostate cancer
in April 2010.  Dendreon is traded on the NASDAQ Global Market
under the symbol DNDN.

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

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

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

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

The U.S. Trustee for Region 3 appointed three members to the
Official Committee of Unsecured Creditors.  The Creditors'
Committee retained Sullivan & Cromwell LLP as its counsel; Young
Conaway Stargatt & Taylor, LLP, as its co-counsel; Deloitte
Financial Advisory Services LLP as its financial advisor;
Centerview Partners LLC as its investment banker; and Epiq
Bankruptcy Solutions, LLC, as noticing agent.


DENDREON CORP: Files Ch. 11 Plan of Liquidation
-----------------------------------------------
Dendreon Corporation, et al., filed with the U.S. Bankruptcy Court
for the District of Delaware a plan of liquidation and accompanying
disclosure statement following approval of the sale of
substantially all of their assets to Valeant Pharmaceuticals
International.

A second amended acquisition agreement provides for a higher
purchase price, consisting of common shares of Valeant, having an
aggregate value of $49.5 million as of the close of the market on
the Trading Day immediately prior to the Effective Date, paid to
the Debtors as partial consideration for the assets acquired by the
Purchaser pursuant to the Sale
Order, plus $445.5 million in cash to be delivered at closing of
the sale transaction.  Pursuant to the Second Amended Acquisition
Agreement, if the amount of the allowed prepetition general
unsecured claims did not exceed $200 million in the aggregate, then
the Valeant Shares could be distributed proportionately in respect
of the 2016 Noteholder Claims.  The consideration under the Second
Amended Acquisition Agreement provided an additional $15 million in
incremental value to the Debtors' Estates over that provided for
under the Amended Acquisition Agreement, and $140 million more than
the minimum Qualified Bid.  The Acquired Assets under the Second
Amended Acquisition Agreement included all of the assets
contemplated under the Amended Acquisition
Agreement, plus the D-3263 Assets and $80 million of cash and cash
equivalents of the Debtors.

The Court has scheduled a hearing to consider confirmation of the
Plan for June 2, 2015, at 10:00 a.m. (Eastern Time).  The Court has
directed that objections, if any, to confirmation of the Plan be
filed and served on or before May 19.

A hearing to consider approval of the Disclosure Statement will be
held on April 14, at 2:00 p.m. (Eastern).  Objections are due April
7.

A full-text copy of the Disclosure Statement dated March 10, 2015,
is available at http://bankrupt.com/misc/DENDREONds0310.pdf

                          About Dendreon Corp

With corporate headquarters in Seattle, Washington, Dendreon
Corporation, a biotechnology company focused on the development of
novel cellular immunotherapies to significantly improve treatment
options for cancer patients.

Dendreon's first product, PROVENGE (sipuleucel-T), was approved by
the U.S. Food and Drug Administration (FDA) and became commercially
available for the treatment of men with asymptomatic or minimally
symptomatic castrate-resistant (hormone-refractory) prostate cancer
in April 2010.  Dendreon is traded on the NASDAQ Global Market
under the symbol DNDN.

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

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

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

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

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


DRUG TRANSPORT: March 23-25 Global Online Auction Set for Assets
----------------------------------------------------------------
Heritage Global Partners, a provider of asset advisory and auction
services and a subsidiary of Heritage Global Inc., on March 12
disclosed that it is managing an upcoming global online auction of
a fleet of 115 trucks, tractors and trailers later this month.
HGP's sale of these key assets of Drug Transport, Inc. is being
made by order of US Bankruptcy Court Case #14-65621.

The global online fleet equipment auction, which is excess to the
continuing operations of Drug Transport, Inc. -- an organization
that filed for Chapter 11 bankruptcy protection in August 2014
--includes:

   -- 15 truck tractors (INTERNATIONAL and VOLVO)
   -- 36 large straight trucks (INTERNATIONAL and HINO)
   -- 3 small straight trucks (ISUZU NPR-HD) and,
   -- 61 box trailers (WABASH, HYUNDAI, PINES and STRICK)

The equipment is presently housed in terminals located in Tucker,
Douglas and Augusta, Georgia, as well as Greenville, Alabama.  The
below link includes summary equipment specification for all trucks,
tractors and trailers to be sold.  A complete catalog featuring
photos, mileage, engine information, vehicle/axle weight and more
will be posted soon.

Global Online Auction of Transportation Fleet Equipment Assets
March 23, 2015 (7:00 am EDT) – March 25, 2015 (12:00 pm EDT)
http://www.hgpauction.com/auctions/72562/drug-transport-inc/
Please contact Nick Dove of HGP with any questions or for sale
preview information

"We expect that there will be a lot of interest and active
participation from prospective bidders across many industries when
we launch our forthcoming global online transportation equipment
auction sale in less than two weeks," stated Heritage Global Inc.
Director of Sales Nick Dove.  "DTI's diverse fleet was well
maintained and we believe these attractive transportation assets
will certainly appeal to a wide array of potential buyers seeking
one or more trucks, tractors or trailers for their large or small
businesses."

Heritage Global Partners is a provider of worldwide asset advisory
and auction services firms and a subsidiary of publicly traded
Heritage Global Inc.

                      About Drug Transport

Drug Transport, Inc., and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No.
14-65621) on Aug. 11, 2014.  The case is assigned to Judge Barbara
Ellis-Monro.  The Debtors' counsel is James C. Cifelli, Esq.,
Gregory D. Ellis, Esq., and William D. Matthews, Esq., at Lamberth,
Cifelli, Stokes, Ellis & Nason, P.A., in Atlanta, Georgia.  The
petition was signed by Bayard Hollingsworth, chief restructuring
officer.


EAT AT JOE'S: Changes Company Name to SPYR, Inc.
------------------------------------------------
Eat at Joe's, Ltd.'s Board of Directors met and unanimously
approved and resolved to recommend to the shareholders that the
name of the Company be changed from Eat at Joe's, Ltd. to SPYR,
Inc.  On Feb. 12, 2015, a majority of the Company's shareholders
eligible to vote, met in a special meeting of the shareholders
authorized pursuant to Sections 2.2 and 2.11 of the Company's
By-Laws.  Shareholders representing 68% of the shares eligible to
vote were present in person and resolved to authorize the Board of
Directors to take such actions as were necessary to amend the
company's articles of incorporation to change the name of the
Company to SPYR, Inc. and to make the required filings with FINRA
to affect the name change and acquire a new trading symbol
consistent with the Company's new name.

On Feb. 26, 2015, the Company filed the requisite application with
the Nevada Secretary of State's office to change its name to SPYR,
Inc.  The Nevada Secretary of State's office processed a
Certificate of Amendment, and the Company's name was changed to
SPYR, Inc. On the same day, the Company filed an Issuer Company
Related Action Notification Form with FINRA, formally requesting
that its name and ticker symbol be changed.  On March 9, 2015,
FINRA notified the Company that its application for a name change
was approved; that the new ticker symbol: "SPYR" was assigned to
the Company; and, that the changes would be announced on March 11,
2015 and would be effective March 12, 2015.

                         About Eat at Joe's

Scarsdale, N.Y.-based Eat at Joe's, Ltd., presently owns and
operates one theme restaurant located in Philadelphia,
Pennsylvania.

Eat at Joe's reported a net loss of $1.38 million in 2013
following net income of $2.84 million in 2012.

Robison, Hill & Co., in Salt Lake City, Utah, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has suffered recurring losses from operations
raising substantial doubt about its ability to continue as a going
concern.


ECO BUILDING: Amends Dec. 31, 2014 Quarterly Report
---------------------------------------------------
Eco Building Products, Inc., filed with the U.S. Securities and
Exchange Commission an amendment to its quarterly report on Form
10-Q disclosing a net loss of $1.4 million on $777,000 of total
revenue for the three months ended Dec. 31, 2014, compared with a
net loss of $2.44 million on $316,000 of total revenue for the same
period in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $1.86 million
in total assets, $24.5 million in total liabilities, and a
stockholders' deficit of $22.6 million.

The Company's continuation as a going concern is dependent upon
obtaining the additional working capital necessary to sustain its
operations.  Its future is dependent upon its ability to obtain
financing and upon future profitable operations.  The Company
estimates the current operational expenses of approximately three
hundred thousand dollars a month is required to continue to
operate.  This is achieved either through profit from sales; or by
management seeking additional financing through the sale of its
common stock, and/or through private placements.  The minimum
operational expenses must be met in order to relive the threat of
the company's ability to continue as a going concern.  There is no
assurance that its current operations will be profitable or that it
will raise sufficient funds to continue operating.  The Company
continues to trim overhead expenses to meet revenues.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.

A copy of the Form 10-Q/A is available at:
                              
                       http://is.gd/dbUf2Q
                          
                       About Eco Building

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

The Company reported a net income of $532,000 on $876,000 of total

revenue for the three months ended Sept. 30, 2014, compared with a
net
loss of $1.87 million on $408,328 of total revenue for the same
period
a year ago.

As of Sept. 30, 2014, the Company had $1.74 million in total
assets, $24.03 million in total liabilities and a $22.3 million
total stockholders' deficit.  On Sept. 30, 2014, the Company had
$128,000 cash on hand.


ENGLOBAL CORP: Posts $6 Million Net Income for 2014
---------------------------------------------------
ENGlobal Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income of
$6.03 million on $107.9 million of operating revenues for the year
ended Dec. 27, 2014, compared with a net loss of $2.98 million on
$169 million of operating revenues for the year ended Dec. 28,
2013.

As of Dec. 27, 2014, the Company had $51.7 million in total assets,
$22.6 million in total liabilities, and $29.03 million in total
stockholders' equity.

Mark Hess, ENGlobal's chief financial officer, said: "We are proud
to have exceeded our financial targets for 2014, which was driven
by an increase in margins, consistent project execution, as well as
internal growth.  We maintained a substantial cash balance and had
no borrowings from our working capital lines during 2014.  We also
successfully replaced our credit facility with a similar three-year
facility that will help provide the working capital needed to
further our growth."

William Coskey, P.E., chairman and chief executive officer of
ENGlobal added: "I would like to sincerely congratulate the
outstanding men and women of ENGlobal for their contributions
toward a successful 2014.  We will not be immune to some industry
headwinds during 2015, but are currently encouraged by the
continued level of spending by our largely midstream and downstream
clientele.  Having regained our footing once again, we now expect
to explore acquisition opportunities for external growth."

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

                        http://is.gd/0X8Y6E

                           About ENGlobal

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


EVANS & SUTHERLAND: Incurs $1.3 Million Net Loss in 2014
--------------------------------------------------------
Evans & Sutherland Computer Corporation filed with the Securities
and Exchange Commission its annual report on Form 10-K disclosing a
net loss of $1.30 million on $26.5 million of sales for the year
ended Dec. 31, 2014, compared with net income of $1.17 million on
$29.6 million of sales for the same period in 2013.

As of Dec. 31, 2014, the Company had $25.5 million in total assets,
$56.2 million in total liabilities, and a $30.7 million total
stockholders' deficit.

                 Distress Termination Application

On Jan. 7, 2013, the Company submitted a PBGC Form 600 Distress
Termination, Notice of Intent to Terminate, to the PBGC.

The Company's goal in seeking a distress termination of the Pension
Plan is to ensure that the pension benefits of all Pension Plan
participants are paid up to federally guaranteed limits and that
the Company continues to operate as a going concern while avoiding
the costly damage and disruption to the business which would result
from bankruptcy reorganization.  The Company has been pursuing a
conclusion of the process and a settlement of the resulting
liabilities.  Based upon recent correspondence with the PBGC, the
Company believes that the application process will likely result in
a settlement of the Pension Plan liabilities on terms that will
enable the Company to continue to operate as a going concern.
However, as of March 12, 2015, the Company is uncertain of the
timing or the ultimate outcome.

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

                        http://is.gd/434xCV

                      About Evans & Sutherland

Salt Lake City, Utah-based Evans & Sutherland Computer Corporation
in conjunction with its wholly owned subsidiary, Spitz Inc.,
creates innovative digital planetarium systems and cutting-edge,
fulldome show content.  E&S has developed Digistar 5, the world's
leading digital planetarium with fulldome video playback, real-
time computer graphics, and a complete 3D digital astronomy
package fully integrated into a single theater system.  This
technology allows audiences to be immersed in full-color, 3D
computer-generated interactive worlds.  As a full-service system
provider, E&S also offers Spitz domes, hybrid planetarium systems
integrated with Digistar and a full range of theater systems from
audio and lighting to theater automation.  E&S markets include
planetariums, science centers, themed attraction venues, and
premium large-format theaters.  E&S products have been installed
in over 1,300 theaters worldwide.


FIFTH STREET FINANCE: Fitch Affirms 'BB+' Issuer Default Rating
---------------------------------------------------------------
Fitch Ratings has affirmed Fifth Street Finance Corp.'s (FSC)
Long-term Issuer Default Rating (IDR), secured debt rating, and
unsecured debt rating at 'BB+'.  The Rating Outlook remains
Negative.

On Feb. 22, 2015, Fitch downgraded FSC's Long-term IDR to 'BB+'
from 'BBB-', removed the Rating Watch Negative, and assigned a
Negative Rating Outlook.  For more information on this rating
action, please see the rating action commentary entitled 'Fitch
Downgrades Fifth Street Finance Corp.'s Ratings to 'BB+'; Outlook
Negative'.  There has been no material change in FSC's credit
profile since the previous rating actions.

The affirmations are being taken in conjunction with a broader
industry review, which includes 10 business development companies
(BDCs).

KEY RATING DRIVERS

The rating affirmations reflect the absence on material changes in
FSC's credit profile since the downgrade on Feb. 22, 2015.  The
rating downgrade at that time reflected FSC's higher leverage
levels, combined with increased portfolio risk, an inconsistent
dividend policy, material portfolio growth in a very competitive
underwriting environment, asset quality deterioration, and weaker
operating performance.

The Negative Rating Outlook reflects longer-term uncertainties
relating to management's fundamental risk appetite regarding
leverage, portfolio risk, growth, and dividend management.

RATING SENSITIVITIES

The ratings could be adversely affected by further deterioration in
asset quality, which yields sizeable realized losses and prevents
the firm from reducing leverage to a level commensurate with its
risk profile.  A reduction in dividend coverage, a weakening
liquidity profile, and/or an equity market discount that puts the
firm at a competitive disadvantage could also drive negative rating
momentum.

Resolution of the Negative Outlook could develop over time based on
a track record of sufficient dividend coverage, solid credit
performance of post-crisis vintages, improved operating
consistency, and the maintenance of leverage at an appropriate
level given the asset risk.  The portfolio risk profile will be
analyzed in the context of portfolio mix and diversity and
underlying portfolio company leverage and yields.

Fitch has affirmed these ratings:

Fifth Street Finance Corp.
   -- Long-term IDR at 'BB+';
   -- Secured Debt at 'BB+';
   -- Unsecured Debt at 'BB+'.

The Rating Outlook is Negative.



FIRSTLIGHT HYDRO: Fitch Affirms 'BB-' Rating on $320MM Bonds
------------------------------------------------------------
Fitch Ratings has affirmed FirstLight Hydro Generating Company's
(HGC) $320 million ($265 million outstanding) senior secured first
mortgage bonds due in 2026 at 'BB-'.  The Outlook is revised to
Stable from Negative.

KEY RATING DRIVERS

The rating reflects a merchant revenue structure amid persistent
low power prices, mitigated by sponsor commitments to support
project cash flows.  Moderate leverage, fixed-rate fully amortizing
debt, and lower capital expenditures (capex) after 2015 help
mitigate revenue volatility.  The return to a Stable Outlook is
based on HGC's indirect parent GDF Suez Energy North America, Inc's
(GSENA) demonstrated and ongoing commitment to provide sufficient
revenues to fully fund planned capex and ensure debt service
coverage ratios (DSCR) of at least 1.40x.

Exposure to Merchant Revenue

HGC manages a portfolio of hydropower assets that sell a bundled
product to an affiliate under a power purchase agreement (PPA)
expiring in 2019.  The PPA includes a pass-through provision for
capex.  Fitch, however, assesses the project's revenues as exposed
to the volatility of merchant power prices because the PPA is
contracted with an unrated affiliate.

Stable Operating Performance

The project benefits from a long history of stable operations at
its conventional and run-of-river hydro units.  Large capex
particularly at the Northfield pumped storage facility are expected
to be passed through via the PPA and should result in increased
plant output and reliability.

Supply Risk

Hydrology variability is mitigated by projections based on actual
historical water flows, which include drought-like conditions, to
minimize output volatility in expected energy production.

Conventional Debt Structure

Debt is fixed-rate and fully amortizing through 2026, eliminating
refinancing risk, and leverage levels are lower than similarly
rated peers.

Debt Service

Under Fitch's rating case financial scenario, which assumes
merchant market operations in absence of the PPA, DSCRs average
1.49x but fluctuate significantly, declining to around 1.20x.  The
rating assumes the sponsor will continue to provide financial
support through the PPA with its subsidiary, as necessary to
maintain DSCRs of at least 1.40x.

Peer Comparison

The merchant power projects Fitch rates have suffered material cash
flow erosion amid generally depressed market prices in recent
years.  FirstLight benefits from fully amortizing fixed-rate debt,
avoiding refinancing risk faced by comparable merchant hydropower
projects.  Leverage is also relatively lower at 8.59x Debt to CFADS
or $242/Kw.

RATING SENSITIVITIES

Negative -- Failure of the sponsor to fund planned capex via the
PPA and maintain the targeted DSCR of at least 1.40x coverage
levels;

Negative -- Persistent weakness in the merchant power prices and
material decline in capacity prices; and

Negative -- Persistent reductions in hydrology that materially
reduce overall energy production.

TRANSACTION SUMMARY

The projected rating case financial profile post 2019 is more
indicative of a rating in the 'B' category, but the sponsor's
demonstrated commitment to maintain at least 1.40x DSCRs supports
the current rating and a return to a Stable Outlook.

As a result of stable plant operations, favorable energy production
and increased pricing, revenues in 2014 increased 13% compared to
2013.  The 2014 debt service coverage ratio also improved to 1.46x
compared to 1.21x in 2013.

Volatility and uncertainty in market pricing continues, despite
recent increases in power and capacity pricing.  Average 2014
market power prices in Massachusetts were 13% higher than 2013,
buoyed by high power prices in 2014 Q1.  Average power prices for
the remainder of 2014 were below 2013 levels by an average of 16%.
Forward capacity revenues will receive a material boost from 2017
to 2019, as New England's forward capacity auction prices have
increased to $7.00/kW/month in Auction 8 and to $9.55/kW/month in
Auction 9 from current levels of about $3.50/kW/month.  Capacity
revenues beyond this period are uncertain as the region grapples
with adequate gas pipeline capacity, transmission and new
generation.

Fitch's rating case financial analysis assumes continued low power
prices, higher contracted capacity prices from 2017-2019, followed
by a return to a $3.50/kW/month capacity price thereafter given the
uncertainty in future pricing.  Routine operating costs are
inflated at 2.5%.  Capex of approximately $40 million in 2015 will
increase power capacity at the Northfield facility as well as
support environmental compliance and other activities to relicense
all of the hydro facilities, as the current FERC licenses expire in
2018.

The financial profile in the rating case demonstrates that the
project can meet debt obligations but would need sponsor support to
achieve 1.40x DSCR in 2015 due to high capex and from 2020 through
debt maturity due to reduced capacity prices.  Though capex
declines materially after 2015, debt service materially increases,
further pressuring DSCRs.  However, projected DSCRs in 2017 through
2019 are at least 1.88x under higher contracted capacity prices.
The project remains exposed to potential operational stresses, such
as low hydrology, availability, and higher costs, which can further
erode financial performance.

GSENA owns HGC, which serve the NEISO region.  HGC is a portfolio
of primarily hydroelectric power plants, including the
1,146-megawatt (MW) Northfield Mountain pumped storage facility, 12
hydroelectric plants (run-of-the river and conventional) totaling
195 MW and a 22.5-MW combustion turbine.



FISHER ISLAND: Bankruptcy Judge Can Decide Company's Ownership
--------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Court of Appeals in Atlanta ruled that
when ownership of a company is in dispute, the outcome of resulting
litigation is within the power of a bankruptcy judge to decide.

According to the report, in the case of Fisher Island Investments
Inc., after one group of alleged owners put the company in Chapter
11, another group claiming control consented to having the
bankruptcy judge determine ownership.

U.S. Circuit Judge Frank M. Hull said that ruling on ownership "was
critical to the administration of the alleged debtors' estates and
directly affected the debtor-creditor relationship."  Writing for a
three-judge panel, he said the "bankruptcy court necessarily had to
determine who actually owned the alleged debtor to adjudicate the
validity of the alleged $32 million debt," the report related.

The case is In re Fisher Island Investments Inc., 12-15595, U.S.
Court of Appeals for the 11th Circuit (Atlanta).

                  About Fisher Island Investments

Solby+Westbrae Partners; 19 SHC Corp.; Ajna Brands Inc.; 601/1700
NBC LLC; Axafina Inc.; and Oxana Adler, LLM, filed an involuntary
Chapter 11 petition against Miami Beach, Florida-based Fisher
Island Investments, Inc. (Bankr. S.D. Fla. Case No. 11-17047) on
March 17, 2011.

On the same date, involuntary Chapter 11 petitions were also filed
against the Company's affiliates, Mutual Benefits Offshore Fund,
LTD (Bankr. S.D. Fla. Case No. 11-17051) and Little Rest Twelve,
Inc. (Bankr. S.D. Fla. Case No. 11-17061).  Judge A. Jay Cristol
presides over the case.  The case was previously assigned to Judge
Laurel M. Isicoff.

Petitioning creditors are represented by Craig A. Pugatch, Esq.,
and George L. Zinkler, Esq., at Rice Pugatch Robinson & Schiller,
P.A., 101 NE 3 Ave. Suite 1800, Fort Lauderdale FL 33301.

John F. O'Sullivan, Esq., at Hogan Lovells US LLP, Patricia A.
Redmond, Esq., at Stearns Weaver Miller Weissler Alhadeff &
Sitterson, P.A.,, and Terrance A. Dee, Esq., at DiBello, Lopez &
Castillo, P.A., represent Alleged Debtor Fisher Island
Investments, Inc., as counsel.


GENERAL MOTORS: Ignition Switch Death Claims Rise to 67
-------------------------------------------------------
Jeff Bennett, writing for The Wall Street Journal, reported that
the number of eligible deaths linked to the General Motors Co.
faulty ignition switch stood at 67 on March 16 as the number of
outstanding claims continues to fall.

According to the report, the auto maker's compensation fund,
operated by Washington D.C. attorney Ken Feinberg and Camille
Biros, confirmed the number of eligible death claims climbed by
three people.  Meanwhile, the number of confirmed injury claims
rose to 113 people from 108, the Journal said.

                      About General Motors

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

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

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

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

                        *     *     *

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

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

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


GOLD RIVER: Hearing on Trustee Motion Continued Until April 1
-------------------------------------------------------------
The Bankruptcy Court approved a stipulation continuing until April
1, 2015, at 2:00 p.m., the hearing to consider the motion to
appoint a Chapter 11 trustee in the case of Gold River Valley,
LLC.

The stipulation was entered between the Debtor and Lana and Elaine
Tsang.

A reported in the Troubled Company Reporter on Feb. 6, 2015, the
Tsangs, equity security holders of Gold River, filed a motion
asking the Court to appoint a trustee to oversee the Debtor's
bankruptcy case.

The Tsangs said the Debtor needs an independent fiduciary to make
appropriate business decisions, which will hopefully lead to a
successful reorganization, payment in full to all of Debtors
creditors, and a return to equity security holders.

According to the Tsangs, this is a single asset real estate
bankruptcy case filed by Debtor, an entity that was used as a
vehicle to perpetrate a fraud against the Tsangs, creditors, and
tenants who stand to have their leases eliminated.  Contrary to
Debtor's resolution of authorization and list of equity security
holders, which were both filed under penalty of perjury in this
case, Sunshine Valley LLC, is not the Debtor's sole member.
Together, the Tsangs own a 40% membership interest in Debtor.
These perjuries reflect the latest of a series of bad acts
orchestrated by Debtor's principal, Benny Ko, and non-member,
third-party, Lucy Gao.  Mr. Ko has perpetrated a fraudulent real
estate investment scheme, causing over $3 million in damages to the
Tsangs.

The Tsangs related Mr. Ko creates entities for the purpose of
buying distressed commercial real property through foreclosure
sales.  The Tsangs were solicited by Mr. Ko and his associates to
contribute over $3 million combined for a combined 40% ownership
interest in Debtor.  Mr. Ko promised the contributions would be
used to purchase, renovate, manage, and sell a 12-unit condominium
project.  Mr. Ko took the Tsangs' money, provided them an operating
agreement for Debtor showing their combined 40% ownership interest,
and even caused Debtor to issue Schedule K-1 forms that the Tsangs
used in filing their tax returns.

The Tsangs added Mr. Ko and his cohorts later caused the Debtor to
take out a $4 million loan secured by the Debtor's real property
and sole asset, the 12-unit condominium project.  In obtaining the
loan, Mr. Ko and Ms. Gao presented a different story to the lender
-- that Debtor's sole and managing member was Ms. Gao.  The Tsangs
discovered the existence of the loan when the lender filed a
complaint for judicial foreclosure and the appointment of a
receiver.  A receiver was appointed and the lender had a
non-judicial foreclosure sale scheduled for Jan. 20, 2015.

The equity security holders are represented by:

         Eric R. McDonough, Esq.
         Daniel R. Sable, Esq.
         SEYFARTH SHAW LLP
         333 S. Hope Street, Suite 3900
         Los Angeles, CA 90071
         Tel: (213) 270-9600
         E-mail: emcdonough@seyfarth.com
                 dsable@seyfarth.com

                - and -

         Marianne M. Dickson, Esq.
         SEYFARTH SHAW LLP
         560 Mission Street, Suite 3100
         San Francisco, CA 94105
         Tel: (415) 397-2823
         E-mail: mdickson@seyfarth.com

                     About Gold River Valley

Gold River Valley, LLC, sought Chapter 11 bankruptcy protection
(Bankr. C.D. Cal. Case No. 15-10691) in Los Angeles, on Jan. 16,
2015.  The case is assigned to Judge Vincent P. Zurzolo.

The Debtor disclosed $12,000,000 in assets and $8,720,911 in
liabilities as of the Chapter 11 filing.



HC GROUP: Moody's Assigns 'B3' CFR, Outlook Stable
--------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
B3-PD Probability of Default Rating to HC Group Holdings III, Inc.,
an entity formed in relation to Madison Dearborn Partners entering
into a definitive agreement to buy a majority interest in Walgreens
Infusion Services from Walgreens Boots Alliance.  Moody's also
assigned B2 (LGD 3) ratings to the company's proposed senior
secured first lien credit facilities.  These include a $415 million
senior secured first lien term loan and an $80 million senior
secured first lien revolving credit facility.  The outlook for the
ratings is stable.  This is the first time Moody's has publicly
rated HC Group Holdings III, Inc.

The proceeds, along with a $150 million senior secured 2nd lien
note offering (not rated) and a $313 million cash equity
contribution from MDP will be used to purchase WIS equity and pay
related fees and expenses.

Moody's assigned the following ratings:

HC Group Holdings III, Inc.:

  -- Corporate Family Rating, B3

  -- Probability of Default Rating, B3-PD

  -- $80 million senior secured first lien revolving credit
     facility at B2 (LGD 3)

  -- $415 million senior secured first lien term loan at B2
     (LGD 3)

All ratings are subject to review of final documentation.

The company's B3 Corporate Family Rating reflects the company's
high financial leverage, modest interest coverage, and uncertainty
related to the potential challenges of operating as a stand-alone
company.  The ratings also reflect Moody's expectation that the
company will likely continue to pursue acquisitions in an industry
where recent integrations have proved challenging.  The ratings are
supported by the company's solid scale and market position as the
largest player within the highly fragmented market for home
infusion services, with favorable industry dynamics.  Moody's also
acknowledges the significant equity component of the transaction,
representing roughly 53% of the company's total capitalization.

On a pro forma basis for the transaction and the full year
contribution of recent acquisitions and related synergies, Moody's
estimates the company's adjusted debt to EBITDA to be in excess of
7 times.

The stable outlook incorporates Moody's expectation that the
company will effectively create the infrastructure needed to
operate as a stand-alone company and exhibit steady organic revenue
and earnings growth such that leverage declines from the currently
very high levels.  The stable outlook also incorporates Moody's
expectation that the company will maintain a disciplined growth
strategy and financial policy.

The ratings could be downgraded if the company's key credit metrics
or liquidity profile weakens.  In addition, the ratings could be
downgraded if financial policies become more aggressive or if free
cash flow remains negative on a sustained basis.

The ratings could be upgraded if the company achieves margin
expansion and EBITDA growth alongside a disciplined growth strategy
and financial policy.  From a credit metrics perspective, we would
need to see financial leverage (debt to EBITDA) sustained below 5.5
times and free cash flow to debt above 5% for an upgrade to be
considered.

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

HC Group Holdings III, Inc. is a holding company whose principal
operating subsidiary is Walgreens Infusion Services, Inc. ("WIS").
Headquartered in Deerfield, Illinois, WIS is a national provider of
home and alternate treatment site infusion services involving the
preparation, delivery, administration and monitoring of medication
for a broad range of conditions including anti-infectives,
nutrition, heart failure, bleeding disorders, autoimmune disorders,
and a variety of other rare conditions.  WIS operates 92 infusion
pharmacies across 40 states.  Following the sale by Walgreens Boots
Alliance ("WBA") of a majority interest in WIS to Madison Dearborn
Partners ("MDP") during the second quarter of calendar year 2015,
MDP will hold a 51% equity interest in the company with the
remaining 49% equity ownership held by WBA.  For the twelve months
ended Nov. 30, 2014, WIS generated net revenues from continuing
operations of approximately $1.3 billion.


HEPAR BIOSCIENCE: Amends Membership of Creditors' Committee
-----------------------------------------------------------
The U.S. Trustee for Region 12 amended the membership of the
Official Committee of Unsecured Creditors in the Chapter 11
bankruptcy cases of Hepar Bioscience LLC.

The new members of the Committee are:

  a) William B. Rohde, President
     Rohde Trucking, Inc.
     P.O. Box 355
     Homer, NE 68030
     Tel: 402-698-2032
     Fax: 402-698-2046
     Email: bjrbluff@msn.com

  b) Christa L. Maxey, Manager
     Triland Foods, Inc.
     311 8th Street
     Sergeant Bluff, IA 51054
     Tel: 712-943-7675
     Fax: 712-943-6776
     Email: cmaxey@trilandfoods.com

  c) John Pollock, Owner
     Protein Resources, Inc.
     P.O. Box 21
     Marshall, MN 56258
     Tel: 507-532-2279
     Email: John.Pollock@chsinc.com

  d) David R. Knauss, Director of Finance
     Mobren Transport, Inc.
     c/o Scientific Protein Laboratories, LLC
     700 E. Main Street, P.O. Box 158
     Waunakee, WI 53597
     Tel: 608-849-1243
     Fax: 608-849-4053
     Email: knaussd@splpharma.com

  e) Tom Wagner, Executive Vice President
     Mollers North America, Inc.
     5215 52nd Street SE
     Grand Rapids, MI 49512
     Tel: 616-942-6504
     Fax: 616-942-8825
     Email: t.wagner@mollersna.com

The U.S. Trustee said Christa L. Maxey is designated as acting
chairperson of the Committee pending selection by the Committee
members of a permanent chairperson.

                      About Hepar BioScience

Jefferson, South Dakota-based Hepar BioScience LLC filed a Chapter
11 bankruptcy petition (Bankr. D. S.D. Case No. 15-40057) in Sioux
Falls, South Dakota, on Feb. 20, 2015.  The case is assigned to
Judge Charles L. Nail, Jr.

The meeting of creditors under 11 U.S.C. Sec. 341 is slated for
March 25, 2015.  The deadline for filing claims is May 26, 2015.

The Debtor is represented by Clair R. Gerry, Esq., at Gerry & Kulm
Ask, Prof. LLC, in Sioux Falls, serves as counsel.

The Debtor estimated $10 million to $50 million in assets and debt.
The official schedules of assets and liabilities are due March 6,
2015.


HEPAR BIOSCIENCE: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
Hepar BioScience LLC filed a summary of schedules of assets and
liabilities in the U.S. Bankruptcy Court for the District of South
Dakota, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $3,350,000
  B. Personal Property            $8,637,018
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $19,268,387
  E. Creditors Holding
     Unsecured Priority
     Claims                                        
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $2,974,763
                                 -----------      -----------
        TOTAL                    $11,987,018      $22,243,151

A full-text copy of the schedules is available for free
at http://is.gd/jSll5s

                      About Hepar BioScience

Jefferson, South Dakota-based Hepar BioScience LLC filed a Chapter
11 bankruptcy petition (Bankr. D. S.D. Case No. 15-40057) in Sioux
Falls, South Dakota, on Feb. 20, 2015.  The case is assigned to
Judge Charles L. Nail, Jr.

The meeting of creditors under 11 U.S.C. Sec. 341 is slated for
March 25, 2015.  The deadline for filing claims is May 26, 2015.

The Debtor is represented by Clair R. Gerry, Esq., at Gerry & Kulm
Ask, Prof. LLC, in Sioux Falls, serves as counsel.

The Debtor estimated $10 million to $50 million in assets and debt.
The official schedules of assets and liabilities are due March 6,
2015.


HORIZON LINES: Reports $94.6 Million Net Loss for 2014
------------------------------------------------------
Horizon Lines, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$94.6 million on $1.07 billion of operating revenue for the year
ended Dec. 21, 2014, compared to a net loss of $31.9 million on
$1.03 billion of operating revenue for the year ended Dec. 22,
2013.

For the quarter ended Dec. 21, 2014, the Company reported a net
loss of $76.3 million on $256 million of operating revenue compared
to a net loss of $14.2 million on $255 million of operating revenue
for the quarter ended Dec. 22, 2013.

As of Dec. 21, 2014, Horizon Lines had $580 million in total
assets, $725 million in total liabilities and a $145 million in
total stockholders' deficiency.

"We have incurred significant net losses from continuing operations
in the recent past, and such losses may continue in the future,
which may result in a need for increased access to capital.  If our
cash provided by operating and financing activities is insufficient
to fund our cash requirements, we could face substantial liquidity
problems," the Company stated in the Report.

"Horizon Lines' fourth-quarter adjusted EBITDA increased 26.6% over
the same period a year ago.  The improvement in adjusted EBITDA was
driven largely by higher fuel recovery, lower transit and
replacement vessel costs associated with dry-docking of our vessels
and increased space charter revenue," said Steve Rubin, president
and chief executive officer.  "The factors driving adjusted EBITDA
growth were partially offset by modestly lower rates, net of fuel
and higher vessel operating costs.  Results represent the third
consecutive quarter of growth in adjusted EBITDA over prior-year
results.  The fourth-quarter operating loss was driven by a $65.7
million pre-tax restructuring charge related to the decision to
exit our Puerto Rico market."

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

                       http://is.gd/AzBL8T

                       About Horizon Lines

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

                           *     *     *

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

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


HORIZON LINES: Sells Puerto Rico Terminal Assets to Luis Ayala
--------------------------------------------------------------
Horizon Lines, Inc., entered into and executed an asset purchase
agreement with Luis Ayala Colon Sucres., Inc. selling certain San
Juan, Puerto Rico, container terminal assets and assigning its
lease with the Puerto Rico Ports Authority effective March 11,
2015.

Pursuant to the Asset Purchase Agreement, the Purchaser paid the
Company $7.3 million at closing and assumed certain liabilities,
including San Juan terminal lease payments of approximately $12.8
million, associated with the purchased assets.  The Asset Purchase
Agreement also contains representations and warranties customary
for a transaction of this nature.

The Agreement follows Horizon Lines' announcement on Nov. 11, 2014,
to cease providing liner service between the U.S. and Puerto Rico
by the end of 2014, which actually occurred in early January 2015,
and to terminate San Juan terminal services by the end of the first
quarter of 2015.

                       About Horizon Lines

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

Horizon Lines reported a net loss of $94.6 million for the year
ended Dec. 21, 2014, compared to a net loss of $31.9 million for
the year ended Dec. 22, 2013.

As of Dec. 21, 2014, Horizon Lines had $580.06 million in total
assets, $725 million in total liabilities and a $145.26 million in
total stockholders' deficiency.

                           *     *     *

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

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


HUDBAY MINERALS: S&P Lowers Rating on Sr. Unsecured Debt to 'B-'
----------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its recovery
rating on Toronto-based base metals producer HudBay Minerals Inc.'s
senior unsecured notes to '3' from '2' following the increase in
the size of the company's senior secured revolving credit facility.
A '3' recovery rating corresponds with an issue-level rating that
is the same as the long-term corporate credit rating on HudBay.  As
a result, Standard & Poor's lowered its issue-level rating on the
notes to 'B-' from 'B'.  The 'B-' long-term corporate rating and
positive outlook on HudBay are unchanged.

"The downgrade and revision follow the company's announcement that
it has increased the size of its revolving credit facility to
US$300 million from US$100 million," said Standard & Poor's credit
analyst Jarrett Bilous.

Based on S&P's recovery analysis for HudBay, it now estimates a
higher amount of senior secured debt will be outstanding in S&P's
simulated default scenario.  Given that S&P's estimated distressed
valuation for the company has not changed from its previous review,
the increase in higher-ranking debt reduces S&P's estimated
recovery expectations for senior unsecured noteholders to
meaningful (50%-70%, at the high end of the range), which
corresponds with a '3' recovery rating and no notching from S&P's
long-term corporate credit rating on HudBay.  The previous '2'
recovery rating (70%-90% estimated recovery) corresponded with an
issue-level rating one notch above the long-term corporate credit
rating.

The amended facility will mature in 2018, with effectively the same
security over HudBay's Canadian assets.  S&P assumes the facility
is 85% drawn, less letters of credit, in the simulated default year
and fully covered by the pledged assets.  After other priority
claims, including equipment loans and subsidiary-level debt (but
excluding its precious metals stream agreement, which S&P assumes
remains funded through the simulated default year), S&P estimates
unsecured noteholders have a claim on the remaining estimated value
of the company.

The senior secured covenant under the amended facility becomes more
restrictive in the four subsequent quarters of achieving commercial
production at Constancia, but S&P do not expect this will be an
issue for HudBay under S&P's base-case scenario.  The increase in
credit capacity provides additional liquidity, if needed, as the
Constancia project ramps up to commercial production.  However, the
long-term corporate rating and outlook are unchanged and are linked
primarily to the ramp-up of Constancia.  S&P's positive outlook on
HudBay reflects the potential that it could upgrade the company if
it achieves commercial production at Constancia in mid-2015 with
output and costs in line with S&P's expectations.  In this
scenario, S&P would expect HudBay's estimated adjusted
debt-to-EBITDA to decline below 5x.

RATINGS LIST

HudBay Minerals Inc.
Corporate credit rating               B-/Positive/--  

Downgraded; Recovery Rating Revised
                                      To             From
Senior unsecured notes                B-             B
Recovery rating                       3H             2



INTL MANUFACTURING: April 29 Hearing on Zions' Bid to Lift Stay
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of California
will hold a hearing on April 29 to consider the request of Zions
First National Bank to lift the automatic stay.

The request, if granted, would allow the bank to exercise its
rights in a real property located at 879 F. Street, in West
Sacramento, Yolo County, California.

Zions First holds a deed of trust on the property, which secures a
commercial loan to Wannas Enterprises LLC, an entity that was
substantively consolidated into International Manufacturing Group
Inc.  Wannas owes the bank more than $1.697 million, according to
court filings.

Zions First is represented by:

         Donna T. Parkinson, Esq.
         Margaret E. Garms, Esq.
         Parkinson Phinney
         400 Capitol Mall, Suite 2560
         Sacramento, California 95814
         Tel: (916) 449-1444
         Fax: (916) 449-1440

               About International Manufacturing

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

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

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

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

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



INTL MANUFACTURING: Community 1st's Lift Stay Motion Granted
------------------------------------------------------------
U.S. Bankruptcy Judge Robert Bardwil lifted the automatic stay to
allow Community 1st Bank to foreclose on a real property located at
1370 Furneaux Road, in Olivehurst, California.

The property is owned by Olivehurst Glove Manufacturers LLC, which
is reportedly in default of its obligations under its loan
agreements with the bank.  

Olivehurst is not in bankruptcy but it is one of those proposed to
be substantively consolidated into the bankruptcy case of
International Manufacturing Group Inc., according to court
filings.

               About International Manufacturing

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

International Manufacturing sought Chapter 11 bankruptcy protection
(Bankr. E.D. Cal. Case No. 14-25820) in Sacramento, on May 30,
2014.  The case is assigned to Judge Robert S. Bardwil.

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

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

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



JENSEN FARMS: Settles Listeria Cantaloupe Lawsuits
--------------------------------------------------
Bill Marler at the Food Poison Journal reports that Jensen Farms
has resolved the lawsuit filed by 66 families of victims of the
2011 Listeria outbreak linked to cantaloupe grown by the Company.
The settlement has been finalized, but the settlement amount is
confidential, according to the report.

The Centers for Disease Control and Prevention states that a total
of 147 persons -- 29 of them dead -- infected with any of the five
outbreak-associated subtypes of Listeria monocytogenes were
reported to CDC from 28 states.  Food Poison Journal relates that
Marler Clark, which represented the families of 46 victims, filed
lawsuits against multiple defendants in courts in 12 states.

The Food Poison Journal says that Marler Clark pursued compensation
from the Company, the firms that audited the farm's food safety
practices, the companies that distributed the Listeria-contaminated
cantaloupes and the retailers that sold the unsafe food.

According to the Food Poison Journal, all of the Marler Clark
clients' claims with the Company were resolved through bankruptcy
proceedings, but claims against other parties were resolved in the
last weeks.  The report adds that the Jensen brothers were
criminally charged.

Total past medical expenses to date were in excess of $15 million,
the Food Poison Journal reports.

                        About Jensen Farms

Jensen Farms, a Colorado cantaloupe producer, filed a Chapter 11
petition (Bankr. D. Colo. Case No. 12-20982) in Denver on May 25,
2012.  Donald D. Allen, Esq., and James T. Markus, Esq., at Markus
Williams Young & Zimmermann, LLC, in Denver, serve as counsel to
the Debtor.  The Law Offices of Michael W. Callahan LLC has been
tapped as special partnership counsel.  Richard C. Maxwell and
Woods Rogers PLC is the special Listeria claims counsel.  The
Debtor estimated assets of $1 million to $10 million and debts
of under $50 million.


KEEN EQUITIES: Can File Chapter 11 Plan Until September 15
----------------------------------------------------------
The Hon. Nancy Hershey Lord of the U.S. Bankruptcy Court for the
Eastern District of New York granted the request of Keen Equities
LLC to extend the period of time during which it alone holds the
right to file a plan to exit Chapter 11 protection until Sept. 15,
2015, and to confirm that plan no later than Dec. 31, 2015.

                   About Keen Equities, LLC

Keen Equities, LLC, filed a Chapter 11 petition (Bankr. E.D.N.Y.
Case No. 13-46782) on Nov. 12, 2013.  The petition was signed by
Y.C. Rubin as manager.  The Debtor disclosed total assets of $15.1
million and total liabilities of $6.84 million.  Judge Nancy
Hershey Lord presides over the case.  Goldberg Weprin Finkel
Goldstein LLP serves as the Debtor's counsel.

The Debtor is comprised of a New York limited liability company
consisting of 12 members/investors.  The Debtor is the owner of
approximately 860 acres of vacant land (the Lake Anne property)
situated close to the Hassidic community of Kiryas Joel, in
Monroe, New York.  The Lake Anne Property was purchased in 2006
with the goal of building residential homes to meet the growing
needs of the Kiryas Joel community (the project).


KIOR INC: Has Until June 8 to Make Lease-Related Decisions
----------------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware extended the time of KiOR Inc. to assume
or reject unexpired lease of nonresidential real property until
June 8, 2015, or the date upon which the Debtor's first amended
Chapter 11 plan of reorganization is confirmed.

As reported in the Troubled Company Reporter on Feb. 27, 2015, the
Debtor wanted more time to decide on the Pasadena Lease through the
earlier of 90 days or the date upon which its first amended plan
(as may be amended) is confirmed in the case.

The Debtor is a tenant under the unexpired nonresidential real
property lease in Pasadena, Texas.  The Debtor maintains corporate
offices, research and development facilities, and a test-scale
demonstration facility at the Pasadena site, the TCR reported.

The TCR added, pending its election to assume or reject the Lease,
the Debtor asserts that it will perform its obligations arising
from and after the Petition Date, to the extent required by Section
365(d)(3) of the Bankruptcy Code, including the payment of
postpetition rent.

                            About KiOR Inc.

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

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

The Debtor disclosed $58.3 million in assets and $261 million in
liabilities as of June 30, 2014.

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

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


LA QUINTA HOLDINGS: S&P Ups CCR to BB- on Reduced Blackstone Stake
------------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Irving, Texas-based La Quinta Holdings Inc. to
'BB-' from 'B+'.  The rating outlook is stable.

At the same, S&P raised its issue-level rating on the company's
senior secured credit facility to 'BB' from 'BB-'.  S&P's recovery
rating on this debt remains '2', indicating S&P's expectation for
substantial (70%-90%; lower half of the range) recovery for lenders
in the event of payment default.

"The upgrade follows the filing yesterday of a secondary offering
in which affiliates of the Blackstone Group L.P announced their
intent to sell 17.5 million shares of La Quinta common stock, which
would reduce the financial sponsor's ownership stake in the company
to about 30% from 45%," said Standard & Poor's credit analyst
Shivani Sood.

Blackstone has not yet sold the shares associated with the S-1
filing.  However, S&P believes the sponsor's intent to reduce its
ownership stake to a level below that of a controlling owner and
management's publicly stated financial policy target of net debt to
EBITDA in the 4x area provide S&P with sufficient confidence that
La Quinta will be able to sustain adjusted debt to EBITDA under 5x
and funds from operations to adjusted debt above 12%, even
incorporating significant anticipated revenue and EBITDA volatility
over the lodging cycle.  These are thresholds in line with an
improved "aggressive" financial risk assessment and a one notch
higher 'BB-' corporate credit rating on La Quinta.

The stable outlook reflects S&P's expectation for good RevPAR and
rooms growth and that La Quinta will maintain leverage below 5x and
FFO to debt above 12% through 2016.

S&P could lower the rating if it believes La Quinta will sustain
adjusted debt to EBITDA above 5x or FFO to debt below 12%, as a
result of either a leveraging transaction or sustained significant
weakness in the lodging sector.

Higher ratings are unlikely at this time given high EBITDA
volatility over the lodging cycle and La Quinta's public financial
policy goal of leverage in the net 4x area.  However, S&P could
raise the rating if it is confident that La Quinta will sustain
total debt to EBTIDA under 4x and FFO to debt above 20% on
average.



LAMSON & GOODNOW: Sells 12.5 Acres for $1.3 Million
---------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that a judge in Springfield, Massachusetts,
authorized Lamson & Goodnow Manufacturing Co., to sell 12.5 acres
of its real property for $1.3 million.

According to the report, the bankruptcy judge is allowing the
Debtor to use as much as $190,000 from sale proceeds to move
operations to another location.

The Debtor's entire 18-acre property has several buildings with
almost 60,000 square feet of retail, office and warehouse space.
The whole property was listed for sale at $2.1 million, the
Bloomberg report said.

                      About Lamson & Goodnow

Lamson & Goodnow Manufacturing Co., based in Shelburne Falls,
Massachusetts, founded in 1837, is the nation's oldest cutlery
manufacturer.  Lamson & Goodnow started out as a scythe maker in
1837, on the Shelburne side of the Deerfield River.  During the
Civil War, it had roughly 500 employees making bayonets for the
weapons of Union soldiers. M ost recently, the company developed a
line of quality barbecue tools sold by L.L. Bean, Williams-Sonoma,
Brookstone and Stoddards.

Lamson & Goodnow Manufacturing, Lamson and Goodnow, LLC, and
Lamson and Goodnow Retail, LLC, each filed separate Chapter 11
bankruptcy petitions (Bankr. D. Mass. Lead Case No. 14-30798) on
Aug. 15, 2014.  Judge Henry J. Boroff presides over the cases.
Gary M. Weiner, Esq., at Weiner & Lange, P.C., serves as the
Debtors' bankruptcy counsel.

In its bankruptcy petition, Lamson & Goodnow Manufacturing
disclosed $1 million to $10 million in estimated assets and $1
million to $10 million in estimated debts.


LDR INDUSTRIES: Court Approves $25.4M Asset Sale to Coda Resources
------------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. Bankruptcy Judge Pamela S. Hollis in
Chicago approved the sale of LDR Industries LLC's assets to Coda
Resources Ltd. after no competing offers emerged.

According to the report, when Coda Resources got approval to be the
so-called stalking horse in a bankruptcy auction, the purchase
price under the sale contract was an estimated $25.4 million,
including cash to pay off secured lender JPMorgan Chase Bank NA and
assumed liabilities of about $6.5 million.  The sale-approval order
calls for paying about $16.9 million to the lender, the report
said.

International Fidelity Insurance Co. objected to the proposed sale,
saying in a court filing that it should be conducted through a
liquidating plan affording the safeguards provided by Chapter 11,
including disclosure and voting, the report related.

                       About LDR Industries

For over 75 years, Chicago-based LDR Industries and its
predecessor
companies have engaged in the distribution of plumbing products to
the home improvement industry, including faucets, showers, sinks,
toilet seats and variety of other specialty lines such as
lead-free
valves.

LDR Industries, LLC, sought Chapter 11 protection (Bankr. N.D.
Ill.
Case No. 14-32138) in Chicago, Illinois on Sept. 2, 2014, with
plans to sell the business following a dispute with the U.S.
Customs.

The bankruptcy case is assigned to Honorable Judge Pamela S.
Hollis.  The Debtor is represented by attorneys at Reed Smith LLP.

The Debtor disclosed $27,538,561 in assets and $29,751,647 in
liabilities as of the Chapter 11 filing.


LEHMAN BROTHERS: Judge Allowed to Issue Recommended Decisions
-------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. District Judge Paul A. Englemayer in
Manhattan ruled that when a bankruptcy spawns myriad similar
lawsuits, the district court should leave the cases in bankruptcy
court and let the judge there issue recommended judgments.

According to the report, the question arose in the wake of Lehman
Brothers Holdings Inc.'s confirmed Chapter 11 plan and from the
creditors' trustee lawsuit against a bank that sold allegedly
defective mortgages to Lehman before its 2008 bankruptcy.

The decision can be interpreted as giving Lehman settlement
leverage because the bank now knows it must face the bankruptcy
judge, unless it has the right to a jury trial, the report said.
Even so, the bankruptcy judge could rule initially on dispositive
motions, Judge Engelmayer said, the report related.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the

fourth largest investment bank in the United States.  For more
than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

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

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

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

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

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

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

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

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


LEHMAN BROTHERS: Judge Approves Deal With Reinsurance Unit
----------------------------------------------------------
Joseph Checkler, writing for Daily Bankruptcy Review, reported that
U.S. Bankruptcy Judge Shelley C. Chapman in Manhattan approved a
settlement between the trustee unwinding the Lehman Brothers Inc.
brokerage and the Lehman Re Ltd. reinsurance subsidiary that gives
Lehman Re a $125 million allowed claim against the brokerage,
instead of the $195 million the subsidiary was seeking.

According to the report, Judge Chapman called the settlement "fair,
equitable and in the best interest of the estates."

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the

fourth largest investment bank in the United States.  For more
than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

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

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

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

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

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

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

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

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


LIFE PARTNERS: Asks Court to Appoint Chief Restructuring Officer
----------------------------------------------------------------
Life Partners Holdings, Inc., filed a motion asking the U.S.
Bankruptcy Court for the Northern District of Texas to authorize
the implementation of a Chief Restructuring Officer to assume
operational control over its bankrupt estate, as well as executive
control over management.

Once appointed by the Court, the CRO will have all the power and
authorization o the president and chief executive officer of the
Debtor.  The CRO's duties will include, but not limited to:

   -- providing operational and financial management and
      oversight;

   -- evaluating the Debtor's overall financial and
      operational condition;

   -- overseeing the Debtor's accounting and financial reporting;

   -- overseeing the Debtor's compliance with federal and state
      securities laws and regulations; and

   -- identifying and assisting the implementation of cost
      reduction and operational improvement opportunities.

The Debtor believes that the services of a CRO are necessary to
enable it to continue operating in an effort to maximize the value
of its estate and successfully reorganize.

                       About Life Partners

Life Partners Holdings, Inc., is the parent company of the world's
oldest company engaged in the secondary market for life insurance,
commonly called "life settlements."  Since its incorporation in
1991, Life Partners, Inc. has completed over 162,000 transactions
for its worldwide client base of over 30,000 high net worth
individuals and institutions in connection with the purchase of
over 6,500 policies totaling over $3.2 billion in face value.

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is a financial services company engaged in

the secondary market for life insurance known as life settlements.

Life Partners Holdings, Inc., sought protection under Chapter 11
of
the Bankruptcy Code (Bankr. N.D. Tex., Case No. 15-40289) on Jan.
20, 2015.  The case is assigned to Judge Russell F. Nelms.

The U.S. Trustee for Region 6 appointed three creditors of Life
Partners Holdings to serve on the official committee of unsecured
creditors.   Tracy A. Bolt of BDO USA, LLP, was named as examiner
for the Debtor's case.



LIFE PARTNERS: Assailed by SEC Over Press Release
-------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Securities and Exchange Commission
said a press release issued by Life Partners Holdings Inc. showed
that the bankrupt life-settlement firm's management should be
removed because it "lacks the judgment necessary to guide the
company through the Chapter 11 process."

On Feb. 23, Life Partners issued a statement saying a trustee might
pool all the insurance policies the company holds, resulting in
losses for investors and potentially wiping out shareholders,
according to the report.  The SEC on Feb. 24 asked the judge to
reopen the record and take the press release into evidence as
additional reason for having a trustee, arguing that the statement
showed how "current management is woefully inexperienced and lacks
the judgment necessary to guide the company through the Chapter 11
process," the report related.  The SEC also said the press release
failed to disclose that the president resigned on Feb. 18 in the
face of the motion for a trustee, the report added.

                        About Life Partners

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is a financial services company engaged in

the secondary market for life insurance known as life settlements.

Life Partners sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 15-40289) on Jan. 20, 2015.  The
case is assigned to Judge Russell F. Nelms.

The U.S. Trustee for Region 6 appointed three creditors of Life
Partners Holdings, Inc. to serve on the official committee of
unsecured creditors.  

Tracy A. Bolt of BDO USA, LLP, was named as examiner for the
Debtor's case.



LIONS GATE: S&P Retains 'BB-' Rating on Sr. Sec. 2nd Lien Facility
------------------------------------------------------------------
Standard & Poor's Ratings Services said that its 'BB-' issue-level
rating and '4' recovery rating on Santa Monica, Calif.-based
independent film studio Lions Gate Entertainment Corp.'s senior
secured second-lien term facility due 2022 are unchanged following
the company's announcement that it has upsized the facility to $375
million.  The '4' recovery rating reflects S&P's expectations for
average recovery (30%-40%; low end of the range) of principal in
the event of a payment default.

The company plans to use the net proceeds to fully repay the $225
million senior secured second lien-term loan due July 2020, to
repay a portion of the outstanding borrowings under the existing
senior revolving credit facility ($160.5 million outstanding as of
Dec. 31, 2014), and for general corporate purposes.

The 'BB-' corporate credit rating on Lions Gate reflects S&P's
assessment of the company's business risk profile as "weak," based
on S&P's criteria.  This assessment stems from the inherent
volatility of the motion picture industry due to the high upfront
costs, timing, and uncertain success of film releases.

S&P's assessment of Lions Gate's financial risk profile as
"significant" reflects the rating agency's expectations for
discretionary cash flow to debt of more than 20% (including
production loans) and leverage of 3x-4x over the next two years due
to the Hunger Games and Divergent franchises' success and the
company's risk mitigation strategy.  S&P's assessment also reflects
the cash flow volatility and formidable upfront cash requirements
inherent in the film studio business.  Leverage, pro forma for the
proposed transaction and including production loans is about 4.1x,
as of Dec. 31, 2014.

RATINGS LIST

Lions Gate Entertainment Corp.
Corporate Credit Rating                         BB-/Stable/--

Ratings Unchanged

Lions Gate Entertainment Corp.
Senior Secured
  $375 mil. second-lien term facility due 2022   BB-
   Recovery Rating                               4



LIONS GATE: Upsized Term Loan No Impact on Moody's 'Ba3' CFR
------------------------------------------------------------
Moody's Investors Service said that Lions Gate Entertainment
Corp.'s Ba3 Corporate Family rating, Ba3-PD Probability of Default
rating and the Ba3 rating on the new 5% fixed rate senior secured
second lien term loan are not affected by the announced $125
million increase in the size of its second lien term loan to a
total of $375 million.  The incremental proceeds will be used to
further reduce amounts outstanding under the $800 million first
lien senior secured revolver, under which there was $160 million
outstanding at Dec. 31, 2014.  Even though the upsizing of the
second lien term loan will result in a higher percentage of second
lien debt in the company's capital structure, the change in debt
mix does not impact the individual instrument ratings under Moody's
Loss Given Default methodology.  Additionally, while the reduction
in revolver borrowings will temporarily decrease the amount of
first lien debt in the capital structure, we anticipate that Lions
Gate will continue to remain reliant on the revolver to meet
working capital needs arising from significant upfront payments
associated with film and television production.

Since the additional proceeds will be used to repay debt, the
transaction is essentially leverage-neutral and will not impact the
company's credit ratings.  However, the deal certainly strengthens
the company's liquidity profile by increasing revolver
availability, allowing the company to raise low cost long-term
fixed-rate debt and reduce exposure to future interest rate
fluctuations.  In Moody's opinion, the company is taking advantage
of the favorable interest rate environment to lock-in long-term
financing at attractive terms reducing uncertainty over potentially
rising rates, and over the long run, savings from lower interest
expense should positively impact the company's operating cash
flows.

Lions Gate Entertainment Corp., domiciled in British Columbia,
Canada (headquartered in Santa Monica, CA), is a motion picture
studio with a diversified presence in the production and
distribution of motion pictures, television programming, home
entertainment, video-on-demand and digitally delivered content.
Consolidated revenues for LTM Dec. 31, 2014 were about $2.5
billion.


MACKEYSER HOLDINGS: Withdraws Bid to Estimate Disputed Claims
-------------------------------------------------------------
MacKeyser Holdings, LLC, et al., notified the U.S. Bankruptcy Court
of the withdrawal of its motion to estimate disputed claims for
purposes of setting appropriate reserves and all requests for
discover related to the motion.

                     About MacKeyser Holdings

MacKeyser Holdings, LLC and its operating affiliates -- American
Optical Services, LLC, and Exela Hearing Services, LLC -- manage
integrated eye care and hearing systems providers with over 80
optical retail, optometry and ophthalmology locations in 14
states.  Within certain of the Company's locations, dedicated
audiology and
dispensing staff conduct diagnostics, fitting and dispensing of
hearing systems.

MacKeyser Holdings, LLC, American Optical Services, Inc. and their
affiliates filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
Nos. 14-11528 to 14-11550) on June 20, 2014.  David R. Hurst,
Esq., and Marion M. Quirk, Esq., at Cole, Schotz, Meisel, Forman &
Leonard, PA.  The Debtors' financial advisor is GlassRatner
Advisory & Capital Group.  The investment banker is Hammond Hanlon
Camp LLC.  The noticing and claims management agent is American
Legal Claim Services, LLC.

In its petition, MacKeyser Holdings estimated $50 million to
$100 million in both assets and liabilities.

The petitions were signed by Thomas J. Allison, authorized
officer.

The Official Committee of Unsecured Creditors retained Cooley LLP
as lead counsel; Klehr Harrison Harvey Branzburg LLP as
co-counsel; and Giuliano, Miller & Company, LLC as financial
advisor.



MARBURN STORES: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Marburn Stores, Inc.
        13-A Division Street
        Fairview, NJ 07022

Case No.: 15-14411

Chapter 11 Petition Date: March 13, 2015

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

Judge: Hon. Vincent F. Papalia

Debtor's Counsel: Donald W Clarke, Esq.
                  WASSERMAN, JURISTA & STOLZ, P.C.
                  110 Allen Road, Suite 304
                  Basking Ridge, NJ 07920
                  Tel: (973) 467-2700
                  Fax: (973) 467-8126
                  Email: dclarke@wjslaw.com

                    - and -

                  Daniel Stolz, Esq.
                  WASSERMAN, JURISTA & STOLZ
                  110 Allen Road, Esq.
                  Suite 304
                  Basking Ridge, NJ 07920
                  Tel: (973) 467-2700
                  Email: dstolz@wjslaw.com

Total Assets: $7.25 million

Total Liabilities: $2.85 million

The petition was signed by Edwin F. Hund, president & CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb15-14411.pdf


MAURY ROSENBERG: Circuits Split on Attys' Fees in Bad-Faith Filing
------------------------------------------------------------------
The U.S. Court of Appeals for the Eleventh Circuit affirmed in
part, vacated in part, and remanded for further proceedings, a
lower court's decision affirming the bankruptcy court's final order
awarding appellee Maury Rosenberg attorney's fees and costs.

DVI Receivables XIV, LLC; DVI Receivables XVI, LLC; DVI Receivables
XVII, LLC; DVI Receivables XVIII, LLC; DVI Receivables XIX, LLC;
DVI Funding, LLC; Lyon Financial Services, Inc., d/b/a U.S. Bank
Portfolio Services; and U.S. Bank, N.A., appealed the district
court's decision affirming the bankruptcy court's final order.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that writing for the three-judge panel, U.S. Circuit
Judge Frank M. Hull disagreed with the U.S. Court of Appeals in San
Francisco and ruled that Section 303(i)(1) of the Bankruptcy Code
entitles a bankruptcy court to award appellate attorneys' fees for
upholding dismissal on appeal.  He said that section in its
language doesn't limit the award to fees incurred in bankruptcy
court before dismissal, the report related.

The appeals case is DVI RECEIVABLES XIV, LLC, DVI RECEIVABLES XVII,
LLC, DVI RECEIVABLES XVIII, LLC, DVI RECEIVABLES XIX, LLC, DVI
FUNDING, LLC, LYON FINANCIAL SERVICES, INC., U.S. BANK, N.A., DVI
RECEIVABLES XVI, LLC, Plaintiffs-Appellants, versus MAURY
ROSENBERG, Defendant-Appellee, D.C. Docket Nos. 1:12-cv-23886-RSR;
10-bkc-03812-AJC (11th Circ.).

A full-text copy of the Decision dated Feb. 27, 2015, is available
at http://bankrupt.com/misc/ROSENBERG0227.pdf


MORGAN HILL PARTNERS: Owner Named as Responsible Individual
-----------------------------------------------------------
Judge Arthur S. Weissbrodt of the U.S. Bankruptcy Court for the
Northern District of California, San Jose Division, authorized
Morgan Hill Partners, LLC, to appoint Manouchehr Mobedshahi, its
Member/Owner, whose business address is 4030 E. Dunne Avenue,
Morgan Hill, California 95037, as the natural person to be
responsible for the duties and obligations of the Debtor during the
pendency of the Chapter 11 case.

                    About Morgan Hill Partners

Morgan Hill Partners, LLC, sought Chapter 11 protection (Bankr.
N.D. Cal. Case No. 15-50775) in San Jose, California, on March 6,
2015.  The case is assigned to Judge Arthur S. Weissbrodt.

The meeting of creditors under 11 U.S.C. Sec. 341(a) is slated for
April 8, 2015.

Michael W. Malter, Esq., at Law Offices of Binder and Malter, in
Santa Clara, California, serves as counsel.


MORGAN HILL PARTNERS: Seeks to Hire Binder & Malter as Counsel
--------------------------------------------------------------
Morgan Hill Partners, LLC, seeks authority from the U.S. Bankruptcy
Court for the Northern District of California, Division 5, to
employ Binder & Malter, LLP, as counsel.

MHP initially engaged Binder & Malter, LLP, for bankruptcy analysis
and a Chapter 11 filing on or about Feb. 25, 2015, in the sum of
$130,000.  On Feb. 25, MHP executed an Attorney-Client Fee
Agreement for bankruptcy analysis effective as of Feb. 19.  Prior
to the filing of the petition, Binder & Malter rendered services on
behalf of the Debtor for pre-bankruptcy analysis and creditor
negotiations in the sum of $22,002, which was deducted from the
initial retainer.  A Chapter 11 filing fee of $1,717 was paid from
the retainer, leaving a retainer balance of $106,281 for MHP.

Binder & Malter assures the Court that it is a disinterested person
and does not hold or represent any interest adverse to MHP or its
estate.

                    About Morgan Hill Partners

Morgan Hill Partners, LLC, sought Chapter 11 protection (Bankr.
N.D. Cal. Case No. 15-50775) in San Jose, California, on March 6,
2015.  The case is assigned to Judge Arthur S. Weissbrodt.

The meeting of creditors under 11 U.S.C. Sec. 341(a) is slated for
April 8, 2015.

Michael W. Malter, Esq., at Law Offices of Binder and Malter, in
Santa Clara, California, serves as counsel.


MORGANS HOTEL: Incurs $66.5 Million Net Loss in 2014
----------------------------------------------------
Morgans Hotel Group Co. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to common stockholders of $66.6 million on $235
million of total revenues for the year ended Dec. 31, 2014,
compared with a net loss attributable to common stockholders of
$58.5 million on $236 million of total revenues during the prior
year.

As of Dec. 31, 2014, Morgans Hotel had $551 million in total
assets, $779 million in total liabilities, $5.04 million in
redeemable noncontrolling interest and a $232.45 million total
deficit.

For the three months ended Dec. 31, 2014, the Company reported a
net loss attributable to common stockholders of $10.6 million on
$62.4 million of total revenues compared to a net loss attributable
to common stockholders of $10.7 million on $64.9 million of total
revenues for the same period in 2013.

At Dec. 31, 2014, the Company had approximately $13.5 million in
cash and cash equivalents and $13.9 million in restricted cash.

Jason T. Kalisman, interim chief executive officer, stated,
"Throughout 2014, we continued to make progress against our plan of
strengthening our balance sheet and delivering on our asset-light,
brand focused strategy, leveraging our position as the leader in
the international boutique hotel segment.  We successfully
refinanced the debt of Hudson and Delano on attractive terms,
streamlined our cost-structure throughout the organization and sold
our controlling interest in TLG - all of which has led to stronger
financial positioning, value creation and a greater ability to grow
our portfolio of one-of-a-kind brands.  We're extremely pleased
with these achievements and the performance of our current
operations and our key projects in 2014 - including Mondrian London
and Delano Las Vegas."

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

                       http://is.gd/Mejs2c

                     About Morgans Hotel Group

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


NEUROMETRIX INC: PwC LLP Expresses Going Concern Doubt
------------------------------------------------------
NeuroMetrix, Inc., filed with the U.S. Securities and Exchange
Commission on Feb. 25, 2015, its annual report on Form 10-K for the
year ended Dec. 31, 2014.

PricewaterhouseCoopers LLP expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has suffered recurring losses from operations and negative
cash flows from operating activities.

The Company reported a net loss of $7.77 million on $5.51 million
of revenues for the year ended Dec. 31, 2014, compared with a net
loss of $8.02 million on $5.28 million of revenues in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $11.4 million
in total assets, $8.01 million in total liabilities and total
stockholders' equity of $3.39 million.  

A copy of the Form 10-K is available at:
                              
                       http://is.gd/Erm4cs
                          
NeuroMetrix, Inc., is a medical device company that develops and
markets home use and point-of-care devices for the treatment and
management of chronic pain, peripheral neuropathies, and associated
neurological disorders.  It focuses on diabetic neuropathies.  The
company markets the SENSUS Pain Management System for treating
chronic pain, focusing on physicians managing patients with painful
diabetic neuropathy.  The company also markets the DPNCheck device,
which is a rapid, accurate, and quantitative point-of-care test for
diabetic neuropathy.  This product is used to detect diabetic
neuropathy at an early stage and to guide treatment.  NeuroMetrix
was founded by Shai N. Gozani in June 1996 and is headquartered in
Waltham, MA.


NEXTEER AUTOMOTIVE: 2014 Results Supports Moody's 'Ba1' CFR
-----------------------------------------------------------
Moody's Investors Service said that Nexteer Automotive Group
Limited's improved financial results for 2014 support its Ba1
corporate family rating and senior unsecured rating as well as the
stable rating outlook.

"Nexteer's posting of robust revenue growth and an improved EBITDA
margin in 2014 exceeded our expectations, driven mainly by the
ramping up of its newly launched electric power steering programs
with better gross margin," says Chenyi Lu, a Moody's Vice President
and Senior Analyst. "The company also achieved new customer and
program wins in China, and made progress on cost cutting."

Based on Nexteer's announcement, revenue grew 24.8% year-on-year to
$2.98 billion in 2014 from $2.39 billion in 2013.  The company's
adjusted EBITDA margin also improved to 9.3% from 6.8%.
Consequently, adjusted EBITDA increased by 70.7% year-on-year to
$276 million from $161 million 2013.

The increase in earnings led in turn to an improvement in Nexteer's
financial leverage to 3.0x in 2014 from 4.2x in 2013, despite the
rise in debt.  Adjusted debt grew to $817 million at end-2014 from
$673 million at end-2013, driven mainly by a bond issuance of $250
million in November 2014.  However, this level of leverage is in
line with its Ba1 rating.

Moody's expects Nexteer's revenue to grow by high-single digits on
an annual basis over the next 12-18 months, driven by the ramping
up of its newly launched electric power steering programs this year
and the last two years, and its growing customer base and new
program wins in China.

Moody's also expect its EBITDA margin to stay at current levels as
Nexteer expands its scale of operations and continues with cost
improvements to counter the effects of the price reductions
demanded by auto manufacturers.

Moody's expects Nexteer's adjusted debt/EBITDA to decline to
2.5x-3.0x over the next 12-18 months, given the company's expected
robust revenue growth and stable margins.

Nexteer's liquidity position is adequate.  The company had
unrestricted cash of $380 million at end-2014, more than sufficient
to cover capex of $175 million and short-term maturing debt of $97
million.

The Ba1 corporate family rating incorporates a two-notch uplift
based on Moody's expectation of strong support in times of
financial distress, mainly from Aviation Industry Corporation of
China (unrated), the ultimate owner of AVIC Automobile Industry
Holding Co., Ltd. (unrated), which has a beneficial ownership of
34% in Nexteer.

The principal methodology used in this rating was Global Automotive
Supplier Industry published in May 2013.

Headquartered in Saginaw, Michigan, and listed on the Hong Kong
Stock Exchange in October 2013, Nexteer Automotive Group Limited
manufactures steering and driveline systems.  The company has 20
manufacturing plants located across North and South America, Europe
and Asia.

Nexteer is 67.3%-owned by Pacific Century Motors, Inc., which is in
turn 51% owned by AVIC Automobile Industry Holding Co., Ltd. (AVIC
Auto, unrated), and 49% owned by Beijing E-Town International
Investment & Development Co. Ltd. (unrated), which is controlled by
Beijing's municipal government,

AVIC Auto is wholly owned by Aviation Industry Corporation of China
(unrated), a Chinese central government-owned enterprise.


OCTAGON 88: Incurs $1.04-Mil. Net Loss for Dec. 31 Quarter
----------------------------------------------------------
Octagon 88 Resources, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $1.04 million on $nil of revenues for the three months
ended Dec. 31, 2014, compared with a net loss of $5.16 million on
$nil of revenues for the same period during the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $59.8 million
in total assets, $116,000 in total liabilities, and total
stockholders' equity of $59.7 million.

From inception through Dec. 31, 2014, the Company has incurred
operating losses of $11.01 million, of which $1.01 million
represents actual cash losses.  At Dec. 31, 2014, its cash on hand
was $9,762.  These factors raise substantial doubt about the
Company's ability to continue as a going concern, according to the
regulatory filing.

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/NFmP69
                          
Octagon 88 Resources is a natural resource company based in
Steinhausen, Switzerland.  The Company intends to operate oil and
gas assets in the United States and Canada.

The Company reported a net loss of $1.18 million on $nil of total
revenue for the quarter ended Sept. 30, 2014, compared with a net
loss of $201,185 on $nil of total revenue for the same period in
2013.

The Company's balance sheet at Sept. 30, 2014, showed $60.3
million in total assets, $111,000 in total liabilities, and
stockholders' equity of $60.23 million.


OMEGA HEALTHCARE: Fitch Assigns 'BB+' Rating on Subordinated Debt
-----------------------------------------------------------------
Fitch Ratings has assigned a 'BBB-' rating to the $700 million 4.5%
senior unsecured notes due 2027 issued by Omega Healthcare
Investors, Inc. (NYSE: OHI, 'Omega').  The notes were priced at
98.456% of par for a yield to maturity of 4.659%.  Omega intends to
use the net proceeds for general corporate purposes, which may
include the repayment of Aviv REIT, Inc. (NYSE: AVIV) indebtedness
in connection with their previously announced merger, the repayment
of future maturities and/or future acquisitions.

KEY RATING DRIVERS

OHI's ratings reflect that its announced merger with AVIV (the
transaction) will have a negligible effect on leverage and
fixed-charge coverage and will provide incremental improvement to
the combined company's portfolio diversification and quality.
Moreover, OHI's essentially undrawn $1 billion revolving credit
facility and lack of debt maturities until 2019 afforded the
company flexibility as to how and when it refinances AVIV's debt.
The senior note issuance could fund the majority of the refinancing
of AVIV's debt assuming closing of the transaction.

Of interest to Fitch will be the transaction's effect on OHI's
equity valuation given management's track record of using common
stock issuances to fund acquisitions on a leverage-neutral basis.
Fitch estimates the transaction values AVIV at a 6.5% property net
operating income (NOI) yield as compared to OHI's past acquisitions
which ranged from 8% - 10%.

KEY METRICS REMAIN APPROPRIATE FOR THE RATING

OHI has consistently maintained quarterly leverage between 4.2x and
5.1x since 2011 and was 4.9x at Dec. 31, 2014 (Fitch views
quarterly leverage as more meaningful than trailing 12 months for
OHI given the lack of seasonality in reported earnings and timing
effects of acquisitions).  Fitch expects the AVIV merger will have
a negligible effect on combined company's leverage.

Fitch forecasts that leverage will remain between 4x - 5x over the
next 12-to-24 months.  Fitch defines leverage as debt net of
readily available cash divided by recurring operating EBITDA.

Fixed-charge coverage is strong for the rating at 3.6x for the year
ended Dec. 31, 2014, compared with 3x and 3.5x for 2012 and 2013,
respectively.  Fitch expects OHI's fixed-charge coverage will
continue to improve driven by contractual rental escalators and
reduced fixed charges as OHI refinances AVIV's senior unsecured
notes and OHI's 2022 6.75% notes become callable.  AVIV's senior
unsecured notes have a weighted average coupon of 7.1% as compared
to OHI's most recent issuance at 4.5%.  Fitch defines fixed-charge
coverage as recurring operating EBITDA less straight-line rents
divided by total interest incurred.

CORPORATE LIQUIDITY PROVIDES FUNDING FLEXIBILITY

Fitch expects OHI will repay AVIV's secured and bank facility debt
when the merger closes in part via proceeds from the offering.  In
addition, OHI may consider using its revolving credit facility as a
bridge before permanently refinancing AVIV's high-cost senior
unsecured debt.

DEBT-MATURITY STAGGERING SHOULD BENEFIT REFINANCING

The transaction reduces the largest percentage of OHI's debt due in
any one year, which is a credit positive.  Fitch has previously
highlighted OHI's concentrated (albeit long-dated) debt maturities
as a key concern.  Longer-term, Fitch expects OHI will seek to
lengthen and stagger its debt maturities as it refinances AVIV's
debt and its 2022 notes become callable.

MARGINALLY STRONGER PORTFOLIO QUALITY

The transaction reduces OHI's reimbursement exposure and tenant
concentration and has no effect on operator coverage, all credit
positives.  Concentration of OHI's three largest tenant operators
will decline to 22% from 29%, while the 10 largest will decline to
52% from 69%.

However, the magnitude of the benefit from reduced concentration is
limited by the commonality of tenant revenue sources, in Fitch's
view.  Operator coverage will be unaffected at 1.8x and 1.4x for
EBITDARM and EBITDAR, respectively, and Fitch estimates OHI's
tenants will reduce their reliance on federal and state
reimbursements to 88% from 92%.  The outsized financial volatility
for OHI's operator tenants during periods when reimbursement rates
have changed is the largest constraint on OHI's ratings. Healthcare
legislation, together with budgetary concerns at both the federal
and state levels will likely continue to pressure operator margins
and operators' capacity to honor lease obligations.

OHI and AVIV sourced much of their acquisitions from their
operators, thus the expanded relationships (33 new operators)
should increase OHI's pipeline of opportunities.

FAIR CONTINGENT LIQUIDITY UNAFFECTED

The majority of OHI's assets are unencumbered and Fitch estimates
unencumbered asset coverage of unsecured debt ranges from 1.6x to
2.1x based on a stressed capitalization range of 9%-12% at
Dec. 31, 2014.  The transaction and subsequent equity offering may
improve this metric.

SUBORDINATED DEBT NOTCHING

The one-notch differential between OHI's IDR and the subordinated
debt assumed as part of the CapitalSource transaction considers the
relative subordination within OHI's capital structure.  The
interest is due and payable only to the extent that there is rent
being received from the tenants of the acquired properties to cover
the interest expense related to the debt, and the principal is due
only to the extent that all rent has been paid for the term of the
debt.

Fitch rates OHI as:

   -- IDR 'BBB-';
   -- Unsecured revolving credit facility 'BBB-';
   -- Senior unsecured notes 'BBB-';
   -- Senior unsecured term loan 'BBB-';
   -- Subordinated debt 'BB+'.

STABLE OUTLOOK

The Stable Outlook reflects Fitch's expectation that metrics will
remain appropriate for the rating and OHI will lengthen and stagger
its forward debt maturities over the next 12-to-24 months.
Additionally, Fitch expects that any reimbursement pressures at the
operator level would have a minimal impact on OHI cash flows given
lease length, covenants and coverage.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer
include:

   -- SSNOI growth of 2.5% through 2016;
   -- The AVIV merger closes in 1H15 and is leverage neutral;
   -- Net acquisitions in addition to the AVIV merger of $500
      million at a 9% cap rate, annually;
   -- Equity issuances via the at-the-market program to partially
      fund net investment activity;
   -- The refinancing of higher coupon senior unsecured notes once

      callable.

RATING SENSITIVITIES

Fitch does not expect management to operate the company consistent
with those metrics that could otherwise result in positive momentum
in OHI's ratings and/or Outlook:

   -- Increased scale and diversification;
   -- Fitch's expectation of net debt-to-recurring operating
      EBITDA sustaining below 4x (leverage was 4.9x at Dec. 31,
      2014);
   -- Fitch's expectation of fixed-charge coverage sustaining
      above 3.5x (coverage was 3.6x for 2014).

These factors may result in negative momentum in OHI's ratings
and/or Outlook:

   -- Further pressure on operators through reimbursement cuts;
   -- Fitch's expectation of leverage sustaining above 5.5x;
   -- Fitch's expectation of fixed-charge coverage sustaining
      below 2.5x.



PARK MERIDIAN: Creditor Objects to Macy Wilensky's Employment
-------------------------------------------------------------
Northside-Rosser Debt Holdings LLC, a secured creditor, objects to
Park Meridian, LLC's application to employ bankruptcy attorneys.

Northside-Rosser says it has no substantive objection to the
proposed retention of the law firm Macey, Wilensky & Hennings, LLC,
as bankruptcy counsel, but complains that consideration of
applications to employ professionals are not appropriate for a
"first day" hearing that has been set on shortened notice because
the Federal Rules of Bankruptcy Procedure explicitly provide that
an order on those motions may not be entered  except to the extent
necessary to avoid immediate and irreparable harm and the Debtor
has made no such representation in the Motion.

Moreover, Northside-Rosser complains that the employment
application includes a representation that the Debtor paid to Macey
Wilensky a retainer of $26,717 prior to the Petition Date.  To the
extent that the payment of a retainer by the Debtor to Macy
Wilensky was made with Northside-Rosser collateral, it was an
unauthorized transfer and should be reversed and otherwise
disgorged, the secured creditor argues.

Park Meridian sought Chapter 11 protection (Bankr. N.D. Ga. Case
No. 15-20447) in Gainesville, Georgia, on March 2, 2015, stating
that it was unable to pay its debts as they generally mature.  The
Atlanta-based debtor estimated $10 million to $50 million in assets
and debt.



PARK MERIDIAN: Seeks to Use Northside-Rosser Cash Collateral
------------------------------------------------------------
Park Meridian, LLC, seeks authority from the U.S. Bankruptcy Court
for the Northern District of Georgia, Gainesville Division, to use
cash collateral securing its prepetition indebtedness to meet its
ordinary operating expenses.

To the extent that the Debtor uses the cash collateral, the Debtor
proposes to grant Northside-Rosser Debt Holdings LLC replacement
liens in rents generated postpetition of the same kind, extent and
priority as those existing prepetition.  The Debtor owns a
commercial building located at 3890 Johns Creek Parkway, in
Suwanee, Forsyth County, Georgia.  Northside-Rosser asserts a first
priority lien on the Property and the rents therefrom to secure a
claim in the disputed amount of $10,549,229.  The Debtor tells the
Court that the Property has a market value of at least
$11,000,000.

North-Rosser also holds a note from Marconi Park, LLC, and Quarry,
LLC (the "Rosser Debtors").  The Rosser Debtors own and operate an
office building located at 524 West Peachtree Street, in Atlanta,
Georgia.  The Rosser Note and the Debtor's note to Northside-Rosser
are purportedly cross-collateralized by the Rosser Building and the
Property.  The Rosser Building is currently not generating any
income, the Debtor tells the Court.

In order to maintain the Rosser Building pending a sale, the Debtor
says it is necessary for the Rosser Debtors to expend approximately
$10,000 per month.  Given the purported cross-collateralized nature
of the debt and the considerable excess cash flow from the
Property, it is in the best interest of the Debtor's estates'
creditors to use a portion of the excess cash flow to cover the
Rosser Building's expenses, the Debtor tells the Court.

Northside-Rosser tells the Court that it has no objection to the
use of its cash collateral to pay the normal operating expenses of
the Property.  However, to the extent the Motion is seeking final
approval of the use of cash collateral for the entire six month
period set forth in the budget, Northside-Rosser objects as that
relief is wholly inappropriate at this early stage in the case.
Northside-Rosser also asserts that most importantly, the Debtor is
unable to provide Northside-Rosser with adequate protection of its
interests in the Property.

Park Meridian, L.L.C., sought Chapter 11 protection (Bankr. N.D.
Ga. Case No. 15-20447) in Gainesville, Georgia, on March 2, 2015,
stating that it was unable to pay its debts as they generally
mature.  The Atlanta-based debtor estimated $10 million to $50
million in assets and debt.



PLY GEM HOLDINGS: Reports $31.2 Million Net Loss for 2014
---------------------------------------------------------
Ply Gem Holdings, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$31.3 million on $1.56 billion of net sales for the year ended Dec.
31, 2014, compared to a net loss of $79.5 million on $1.36 billion
of net sales for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, Ply Gem Holdings had $1.25 billion in total
assets, $1.35 billion in total liabilities and a $96.7 million
total stockholders' deficit.

The Company intends to fund its ongoing capital and working capital
requirements, including its internal growth, through a combination
of cash flows from operations and, if necessary, from borrowings
under the revolving credit portion of its senior secured asset
based revolving credit facility.  As of Dec. 31, 2014, the Company
had approximately $993.2 million of indebtedness, approximately
$293.3 million of contractual availability under the ABL Facility,
and approximately $216.2 million of borrowing base availability,
reflecting $0.0 million of ABL borrowings and approximately $6.7
million of letters of credit and priority payable reserves issued
under the ABL Facility.

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

                         http://is.gd/3oh2TG

                           About Ply Gem

Based in Cary, North Carolina, Ply Gem Holdings Inc. is a
diversified manufacturer of residential and commercial building
products, which are sold primarily in the United States and
Canada, and include a wide variety of products for the residential
and commercial construction, the do-it-yourself and the
professional remodeling and renovation markets.

                            *     *     *

In May 2010, Standard & Poor's Ratings Services raised its
(unsolicited) corporate credit rating on Ply Gem to 'B-' from
'CCC+'.  "The ratings upgrade reflects our expectation that the
Company's credit measures are likely to improve modestly over the
next several quarters to levels that we would consider more in
line with the 'B-' corporate credit rating," said Standard &
Poor's credit analyst Tobias Crabtree.


PORTER BANCORP: Mark Wheeler Quits From Board
---------------------------------------------
Mark F. Wheeler notified Porter Bancorp, Inc. that he was resigning
as a director effective March 10, 2015, to accept an executive
leadership position with another financial institution.  Mr.
Wheeler served as a director of Porter Bancorp since May 2014.

                        About Porter Bancorp

Porter Bancorp, Inc., is a bank holding company headquartered in
Louisville, Kentucky.  Through its wholly-owned subsidiary PBI
Bank, the Company operates 18 full-service banking offices in
12 counties in Kentucky.

During the first nine months of 2014, the Company reported a net
loss attributable to common shareholders of $8.8 million, compared
with net loss attributable to common shareholders of $2.4 million
for the first nine months of 2013.  The increase in 2014 compared
to 2013 is primarily attributable to an increase in provision for
loan losses expense, coupled with a decrease in net interest
income and non-interest income.  At Sept. 30, 2014, the Company
continued to be involved in various legal proceedings in which it
disputes the material factual allegations.  After conferring with
its legal advisors, the Company believes it has meritorious
grounds on which to prevail.

"If we do not prevail, the ultimate outcome of any one of these
matters could have a material adverse effect on our financial
condition, results of operations, or cash flows," the Company
said.  The Company added that these matters create substantial
doubt about its ability to continue as a going concern.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $11.2 million on $29.7 million of net interest income compared
to a net loss of $1.58 million on $32.08 million of net interest
income during the prior year.

As of Dec. 31, 2014, the Company had $1.01 billion in total assets,
$985 million in total liabilities and $33.5 million in total
stockholders' equity.


PORTER BANCORP: To Issue Additional 600,000 Shares Under Plans
--------------------------------------------------------------
Porter Bancorp, Inc., filed a Form S-8 registration statement with
the Securities and Exchange Commission for the purpose of
registering an additional 300,000 shares of the Common Stock of the
Company which may be awarded under the Porter Bancorp, Inc. 2006
Non-Employee Directors Stock Ownership Incentive Plan.  The Plan
has been amended to increase the number of shares of common stock
issuable under that plan by 300,000 shares.

The Company separately filed a Form S-8 prospectus for the purpose
of registering an additional 300,000 shares of the Common Stock of
the Company which may be awarded under the Porter Bancorp, Inc.
Amended and Restated 2006 Stock Incentive Plan.  The Plan has been
amended to increase the number of shares of common stock issuable
under that plan by 300,000 shares.

                       About Porter Bancorp

Porter Bancorp, Inc., is a bank holding company headquartered in
Louisville, Kentucky.  Through its wholly-owned subsidiary PBI
Bank, the Company operates 18 full-service banking offices in
12 counties in Kentucky.

During the first nine months of 2014, the Company reported a net
loss attributable to common shareholders of $8.8 million, compared
with net loss attributable to common shareholders of $2.4 million
for the first nine months of 2013.  The increase in 2014 compared
to 2013 is primarily attributable to an increase in provision for
loan losses expense, coupled with a decrease in net interest
income and non-interest income.  At Sept. 30, 2014, the Company
continued to be involved in various legal proceedings in which it
disputes the material factual allegations.  After conferring with
its legal advisors, the Company believes it has meritorious
grounds on which to prevail.

"If we do not prevail, the ultimate outcome of any one of these
matters could have a material adverse effect on our financial
condition, results of operations, or cash flows," the Company
said.  The Company added that these matters create substantial
doubt about its ability to continue as a going concern.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $11.2 million on $29.7 million of net interest income compared
to a net loss of $1.58 million on $32.08 million of net interest
income during the prior year.

As of Dec. 31, 2014, the Company had $1.01 billion in total assets,
$985 million in total liabilities and $33.5 million in total
stockholders' equity.


QUALITY DISTRIBUTION: Posts $20.6 Million Net Income for 2014
-------------------------------------------------------------
Quality Distribution, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income of
$20.6 million on $992 million of total operating revenues for the
year ended Dec. 31, 2014, compared to a net loss of $42.03 million
on $930 million of total operating revenues for the year ended Dec.
31, 2013.

As of Dec. 31, 2014, the Company had $428 million in total assets,
$459 million in total liabilities and a $31.7 million total
shareholders' deficit.

                         Bankruptcy Warning

"We have substantial indebtedness and may not be able to make
required payments on our indebtedness.

We had consolidated indebtedness and capital lease obligations,
including current maturities of $351.3 million, as of December 31,
2014.  We must make regular payments under the ABL Facility,
including the Term Loan, thereunder, and our capital leases and
semi-annual interest payments under our 2018 Notes.

The ABL will mature at the earlier of November 2019 and the date
that is 91 days prior to the maturity of the Company's currently
outstanding 2018 Notes or any replacement notes if the outstanding
amount of such debt is above a certain threshold.  The Term Loan
matures on November 3, 2017 but we are subject to mandatory
prepayment of the principal amount of the Term Loan in equal
quarterly payments beginning as early as November 2015.  The
maturity date of the ABL Facility, including the Term Loan, may be
accelerated if we default on our obligations.  If the maturity of
the ABL Facility and/or such other debt is accelerated, we may not
have sufficient cash on hand to repay the ABL Facility and/or such
other debt or be able to refinance the ABL Facility and/or such
other debt on acceptable terms, or at all.  The failure to repay or
refinance the ABL Facility and/or such other debt at maturity would
have a material adverse effect on our business and financial
condition, would cause substantial liquidity problems and may
result in the bankruptcy of us and/or our subsidiaries.  Any actual
or potential bankruptcy or liquidity crisis may materially harm our
relationships with our customers, suppliers and independent
affiliates," the Company states in the Report.

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

                        http://is.gd/HgXbYW

                     About Quality Distribution

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

                           *     *     *

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

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


RIENZI & SONS: Needs Until March 31 to File Schedules
-----------------------------------------------------
Rienzi & Sons, Inc., asks the U.S. Bankruptcy Court for the Eastern
District of New York to extend through March 31, 2015, the time by
which its must file its schedules of assets and liabilities and
statement of financial affairs.

The Debtor tells the Court that it intends to retain a financial
advisor, who first started performing services for the Debtor
shortly before the Petition Date and who has not had an opportunity
to conduct a complete review of the Debtor's financial information
sufficient to complete the Schedules.  The Debtor says it will be
unable to file completed Schedules and Statement of Affairs by the
initial deadline of March 17.

Rienzi & Sons, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 15-40926) on March 3, 2015.  The
petition was signed by Michael Rienzi as president.  The Debtor
estimated assets and debts of $10 million to $50 million.
Vincent J Roldan, Esq., and Michael J. Sheppeard, Esq., at Ballon
Stoll Bader & Nadler P.C., serve as counsel to the Debtor.  Judge
Nancy Hershey Lord presides over the Chapter 11 case.


RIENZI & SONS: Seeks Protections under Secs. 362 and 525
--------------------------------------------------------
Rienzi & Sons, Inc., asks the U.S. Bankruptcy Court for the Eastern
District of New York to enforce protections of Sections 362 and 525
of the Bankruptcy Code and approve notice to customers, suppliers
and other stakeholders of the Debtor's non-debtor Italian
affiliate.

According to the Debtor's counsel, Vincent J. Roldan, Esq., at
Ballon Stoll Bader & Nadler, P.C., in New York, the Debtor obtains
most of its goods overseas from suppliers in Italy.  It also has a
non-debtor subsidiary, Rienzi Italia SRL, who is in Italy.  The SRL
indirectly supplies additional goods to Debtor, by growing
tomatoes, and sending those tomatoes to a third party processor.
The processed tomatoes are then shipped and sold to the Debtor.
The Debtor's extensive dealings with non-U.S. creditors who are
unfamiliar with the protections afforded Chapter 11 debtors under
the Bankruptcy Code require, out of an abundance of caution, that
an order implementing these protections be entered by this Court,
Mr. Roldan tells the Court.

In addition, to alleviate the confusion that likely will arise
concerning the SRL, the Debtor seeks approval from the Court of a
notice to its suppliers and stakeholders of the SRL confirming that
the SRL is not included in the Chapter 11 case and is not subject
to (a) the supervision of this Court, or (b) the provisions of the
Bankruptcy Code.

Rienzi & Sons, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 15-40926) on March 3, 2015.  The
petition was signed by Michael Rienzi as president.  The Debtor
estimated assets and debts of $10 million to $50 million.
Vincent J Roldan, Esq., and Michael J. Sheppeard, Esq., at Ballon
Stoll Bader & Nadler P.C., serve as counsel to the Debtor.  Judge
Nancy Hershey Lord presides over the Chapter 11 case.


RIENZI & SONS: Seeks to Use Alma Bank Cash Collateral
-----------------------------------------------------
Rienzi & Sons, Inc., seeks authority from the U.S. Bankruptcy Court
for the Eastern District of New York to use cash collateral
securing its prepetition indebtedness to Alma Bank to pay for
ordinary expenses, like goods, ingredients, utilities, payroll,
taxes, and insurance.

The current outstanding secured obligation to Alma Bank is
$1 million.  The Debtor has about $2.0 million inventory and about
$500,000 in accounts receivable.  Further, the Debtor has about
$2.5 million equipment.  Accordingly, the Debtor tells the Court
that Alma Bank is significantly oversecured.  To adequately protect
Alma Bank with respect to the cash collateral utilized during its
case, the Debtor proposes to maintain the value of its business
though payment of the normal monthly expenditures in general accord
with the Budget.  Furthermore, the Debtor proposes to pay Alma Bank
monthly interest of $4,500.

In addition, the proposed order provides that, as adequate
protection for the Debtor's use of cash collateral, the Debtor will
grant replacement liens in all of its prepetition and postpetition
assets and proceeds, to the extent that Alma Bank has a valid
security interests in those prepetition assets on the Petition Date
and in the continuing order of priority that existed as of the
Petition Date.

The replacement liens will be subject and subordinate only to: (i)
the claims of Chapter 11 professionals; (ii) United States Trustee
fees pursuant to 28 U.S.C. Section 1930 and 31 U.S.C. Section 3717
and any Clerk's filing fees; (iii) fees and expenses incurred in
connection with any investigation of the nature, extent and
validity of Citibank's or Grant's liens and security interests in
an amount not to exceed $10,000; (iv) the fees and commissions of a
hypothetical Chapter 7 trustee in an amount not to exceed $10,000;
and (v) the recovery of funds or proceeds from the successful
prosecution of avoidance actions pursuant to Sections 502(d), 544,
545, 547, 548, 549, 550 or 553 of the Bankruptcy Code.

Rienzi & Sons filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 15-40926) on March 3, 2015.  The petition was
signed by Michael Rienzi as president.  The Debtor estimated assets
and debts of $10 million to $50 million.  Vincent J Roldan, Esq.,
and Michael J. Sheppeard, Esq., at Ballon Stoll Bader & Nadler
P.C., serve as counsel to the Debtor.  Judge Nancy Hershey Lord
presides over the Chapter 11 case.



ROYCE FUND: Board of Trustees Approves Plan of Liquidation
----------------------------------------------------------
The Royce Fund's Board of Trustees has approved a plan of
liquidation for Royce Select Fund II, Enterprise Select, SMid-Cap
Value, Partners, and Global Dividend Value Funds, to be effective
on April 23, 2015.  The Funds are being liquidated primarily
because they have not attracted and maintained assets at a
sufficient level to be viable.  Distributions from Royce Enterprise
Select, SMid-Cap Value, and Partners Funds are being paid on March
13, 2015 to shareholders of record on March 12, 2015.  Royce Select
Fund II and Royce Global Dividend Value Funds will not have
distributions.

Following close of business on Feb. 26, 2015, the Funds were no
longer offering their respective shares for purchase and were not
accepting any investments.

FINAL DISTRIBUTIONS

In advance of the Funds' scheduled liquidations on April 23, 2015,
Royce Enterprise Select, SMid-Cap Value, and Partners Funds have
declared their respective final 2015 distributions.

If you have any questions regarding this release, please call
Investor Services at 1-800-221-4268.  For further information on
The Royce Funds, please visit our website at
http://www.roycefunds.com

A copy of the distribution schedule is available at
http://is.gd/wDpO0G

                  About Royce & Associates, LLC

For more than 40 years Royce & Associates, LLC is an investment
adviser to The Royce Funds.  Royce & Associates, LLC is a wholly
owned affiliate of Legg Mason Inc.  Royce Fund Services, Inc., the
Fund's distributor, is a member of FINRA and the SIPC.


SAMUEL WYLY: Judge Imposes $300-Mil. Damages Judgment in SEC Suit
-----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. District Judge Shira Scheindlin in
Manhattan ordered Samuel Wyly to pay the U.S. Securities and
Exchange Commission $198.1 million for violating securities laws,
while saying the estate of his deceased brother is liable for
$101.2 million more.

The SEC can only collect the damages against Sam Wyly through
bankruptcy proceedings or if the bankruptcy is dismissed, according
to Judge Scheindlin, the report related.  The SEC can’t get
anything from the estate of Charles Wyly until a bankruptcy judge
in Dallas rules on whether his widow's filing has the effect of
barring collection, the report further related.

According to the report, the judgment is the culmination of a
lawsuit begun in 2010 against the brothers, who helped build
companies including arts-and-crafts retailer Michaels Stores Inc.

The SEC lawsuit is SEC v. Wyly, 10-cv-05760, U.S. District Court,
Southern District of New York (Manhattan).

                         About Samuel Wyly

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr.
N.D.
Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge
ordered him to pay several hundred million dollars in a civil
fraud
case.  In September 2014, a federal judge ordered Mr. Wyly and the
estate of his deceased brother to pay more than $300 million in
sanctions after they were found guilty of committing civil fraud
to
hide stock sales and nab millions of dollars in profits.

                        About Caroline Wyly

Caroline Wyly is the widow of business tycoon Charles Wyly.  She
and her brother-in-law Sam Wyly sought Chapter 11 bankruptcy
protection as leverage to settle a looming tax bill and a $329
million claim from the Securities and Exchange Commission.  Her
bankruptcy is In re Caroline D. Wyly, 14-35074, in U.S. Bankruptcy
Court, Northern District Texas (Dallas).


SAN JUAN RESORT: Seeks to Employ Carrasquillo as Fin'l Consultant
-----------------------------------------------------------------
San Juan Resort Owners, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ CPA Luis
R. Carrasquillo & Co., P.S.C., as financial consultant to assist
the Debtor in the restructuring of the business by providing advice
in strategic planning and the preparation of amended schedules,
plan of reorganization, disclosure statement and business plan, and
participating in negotiations with creditors.

The Debtor has retained Carrasquillo on the basis of a $25,000
retainer, against which Carrasquillo will bill as per the hourly
billing rates.

Carrasquillo assures the Court that he is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtor or its
estates.  Except that Carrasquillo has acted as financial
consultant in other bankruptcy cases in which William Vidal
Carvajal, Esq., has or is representing other debtors and/or other
party-in-interest, Carrasquillo has no prior connections with the
Debtor, any creditor, or other party-in-interest.

Mr. Carrasquillo may be reached at:

         Luis R. Carrasquillo Ruiz, CPA, CIRA
         28th Street, #TI-26
         Turabo Gardens Avenue
         Caguas, PR 00725
         Tel: (787) 746-4555
         Fax: (787) 746-4564
         E-mail: luis@cpacarrasquillo.com

                      About San Juan Resort

San Juan Resort Owners Inc. sought Chapter 11 bankruptcy
protection
(Bankr. D.P.R. Case No. 15-01627) in Old San Juan, Puerto Rico on
March 5, 2015.  The petition was signed by Luis A. Carreras Perez
as president.  The Debtor is represented by William M. Vidal,
Esq.,
at William Vidal Carvajal Law Offices in San Juan, Puerto Rico.  

The Debtor disclosed total assets of $12.7 million and total
liabilities and $32.9 million as of the bankruptcy filing.  The
Debtor owns a parcel of land of 1,637 square meters, with
commercial property known as the San Juan Beach Hotel, a 96-room
hotel.  The hotel is located at 1045, Ashford Avenue, Condado, San
Juan, Puerto Rico.  The company claims the property is worth $11
million based on appraised value.  Banco Popular de Puerto Rico is
owed $17.5 million, of which $6.56 million is unsecured.


SAN JUAN RESORT: Seeks to Employ William Vidal as Ch. 11 Counsel
----------------------------------------------------------------
San Juan Resort Owners, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ William
Vidal, Esq., as bankruptcy counsel.

The Debtor employs Mr. Vidal on the basis of a $25,000 retainer,
against which the law firm will bill on the basis $250 per hour,
plus expenses, for work performed or to be performed by Mr. Vidal.

Mr. Vidal assures the Court that he is a "disinterested person" as
the term is defined by Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtor and its
estates.

Mr. Vidal may be reached at:

         William Vidal Carvajal, Esq.
         MCS Plaza, Suite 801
         Ponce de Leon Ave.
         San Juan, PR 00918
         Tel: (787) 764-6867
         Fax: (787) 764-6496
         E-mail: william.m.vidal@gmail.com

                      About San Juan Resort

San Juan Resort Owners Inc. sought Chapter 11 bankruptcy
protection
(Bankr. D.P.R. Case No. 15-01627) in Old San Juan, Puerto Rico on
March 5, 2015.  The petition was signed by Luis A. Carreras Perez
as president.  The Debtor is represented by William M. Vidal,
Esq.,
at William Vidal Carvajal Law Offices in San Juan, Puerto Rico.  

The Debtor disclosed total assets of $12.7 million and total
liabilities and $32.9 million as of the bankruptcy filing.  The
Debtor owns a parcel of land of 1,637 square meters, with
commercial property known as the San Juan Beach Hotel, a 96-room
hotel.  The hotel is located at 1045, Ashford Avenue, Condado, San
Juan, Puerto Rico.  The company claims the property is worth $11
million based on appraised value.  Banco Popular de Puerto Rico is
owed $17.5 million, of which $6.56 million is unsecured.


SCIENTIFIC GAMES: William Thompson Quits From Board
---------------------------------------------------
Scientific Games Corporation's Board of Directors elected William
C. Thompson, Jr., as a director effective March 5, 2015.  

Shortly following the filing of the Form 8-K on March 11, 2015, the
Company learned that Mr. Thompson cannot simultaneously serve on
both the Company's Board and the New York State Gaming Facility
Location Board (on which Mr. Thompson also currently serves).  Mr.
Thompson informed the Company that he would be resigning from the
Company's Board, effective immediately, and that his resignation
was not in connection with any disagreement with the Company on any
matter relating to operations, policies or practices, according to
a document filed with the Securities and Exchange Commission.

                      About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  Visit
http://www.scientificgames.com/   

Scientific Games reported a net loss of $30.2 million in 2013, a
net loss of $62.6 million in 2012 and a net loss of $12.6 million
in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $4.03
billion in total assets, $3.93 billion in total liabilities and
$105.7 million in total stockholders' equity.

                           *     *     *

The TCR reported on May 21, 2014, that Moody's Investors Service
downgraded Scientific Games Corporation's ("SGC") Corporate Family
Rating to 'B1'.  The downgrade reflects Moody's view that slower
than expected growth in SGC's Gaming and Instant Products segments
will cause Moody's adjusted leverage to exceed 6.0 times by the
end of 2014.

As reported by the TCR on Aug. 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating to 'B+' from 'BB-' on
Scientific Games Corp.

"The downgrade and CreditWatch placement follow Scientific Games'
announcement that it has agreed to acquire Bally Technologies for
$5.1 billion, including the refinancing of about $1.8 billion in
net debt at Bally," said Standard & Poor's credit analyst Ariel
Silverberg.


SEANERGY MARITIME: Claudia Restis Reports 43% Stake as of Dec. 30
-----------------------------------------------------------------
In a Schedule 13D filed with the U.S. Securities and Exchange
Commission, Claudia Restis disclosed that as of Dec. 30, 2014, she
beneficially owned 8,707,173 shares of common stock of Seanergy
Maritime Holdings Corp., which represents 43.8 percent of the
shares outstanding.

Also as of that date, Jelco Delta Holding Corp. benefically owned
4,440,000 common shares and Comet Shipholding Inc. beneficially
owned 4,267,173 common shares.

Comet Shipholding reported the acquisition of an additional 800,000
shares of Common Stock on Sept. 30, 2014, at a price of $0.60 per
share, pursuant to a Share Purchase Agreement entered into among
the Company, Plaza Shipholding Corp. and Comet, dated Sept. 29,
2014.

Jelco Delta Holding Corp. reported the acquisition of 4,440,000
shares of Common Stock on Dec. 30, 2014, at a price of $0.25 per
share, pursuant to a Share Purchase Agreement entered into between
the Company and Jelco dated Dec. 19, 2014.  No borrowed funds were
used to purchase the Acquired Shares, other than funds borrowed
from affiliates of the Reporting Persons used for working capital
purposes in the ordinary course of business.

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

                       http://is.gd/BxtLUP

                          About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

Seanergy Maritime reported net income of $10.90 million on $23.07
million of net vessel revenue for the year ended Dec. 31, 2013, as
compared with a net loss of $194 million on $55.6 million of
net vessel revenue for the year ended Dec. 31, 2012.

Ernst & Young (Hellas) Certified Auditors Accountants S.A., in
Athens, Greece, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31,
2013.  The independent auditors noted that the Company, as of
December 31, 2013 continued to be in breach of certain terms and
covenants of the loan facility with its remaining lender, and had
a working capital deficit and an accumulated deficit.  Following
the disposal of its entire fleet subsequent to December 31, 2013
in the context of its restructuring plan, the Company is unable to
generate sufficient cash flow to meet its obligations and sustain
its continuing operations.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.

As of Sept. 30, 2014, the Company had $3.13 million in total
assets, $317,000 in total liabilities and $2.82 million in total
shareholders' equity.


SEEGRID CORP: SSG Acted as Advisor in Ch. 11 Reorganization
-----------------------------------------------------------
SSG Capital Advisors, LLC, acted as the investment banker and
financial advisor to Seegrid Corporation in the restructuring of
Seegrid's multiple tranches of secured and unsecured debt pursuant
to a Chapter 11 Plan of Reorganization in the U.S. Bankruptcy Court
for the District of Delaware.  The transaction closed in January
2015.

Pittsburgh-based Seegrid, the pioneer and leader in
three-dimensional vision navigation, provides unique and
revolutionary automation technology for materials handling.
Engineered with state-of-the-art Seegrid Vision, industrial pallet
and tow trucks are transformed to vision guided vehicles.
Seegrid's automation system integrates a proprietary and patented
software technology to see its environment, map it in a virtual
grid and guide the vehicle.  Giant Eagle Inc. is the Company's
largest shareholder and lender.

As Seegrid brought its product to market, it sought additional
funding to further exploit its proprietary technology.  Despite
multiple marketing efforts by third parties and management, the
Company was unable to find the funding it needed and instead relied
on its existing shareholders, primarily Giant Eagle, for funding.
In the summer of 2014, a large portion of Seegrid's debt matured
and the Company did not have enough cash to satisfy those
obligations.  All but one of the lenders holding the debt agreed to
extend maturity.  As a result, the Company filed a Chapter 11 to
effectuate a Plan of Reorganization to allow Seegrid to continue as
an ongoing entity.

The Company retained SSG to provide various services to support the
proposed Plan, including an enterprise valuation, liquidation
valuation, feasibility analysis and expert reports and testimony.
After only three months in Chapter 11, the Plan was confirmed and
closed in January, 2015.

Other professionals who worked on the transaction include:

    * Robert J. Dehney, Curtis S. Miller, John P. DiTomo, Kenneth
J. Nachbar, Megan Ward Cascio, Daniel B. Butz, Matthew R. Clark,
Matthew B. Harvey, Zi-Xiang Shen and Richard J.W. Li of Morris,
Nichols, Arsht & Tunnell LLP, counsel to Seegrid Corporation;

    * Thomas G. Buchanan, James D. Newell, Zakarij O. Thomas, Tyler
S. Dischinger and Kathleen A. Murphy of Buchanan Ingersoll & Rooney
PC, counsel to Seegrid Corporation;

    * Paul M. Singer, J. Cory Falgowski, Joseph D. Filloy and Luke
Sizemore of Reed Smith LLP, counsel to Giant Eagle Inc.;

    * Patrick Neligan, Jr., Douglas J. Buncher and Seymour Roberts,
Jr. and Douglas Dunn of Neligan Foley LLP, counsel to the Horbal
Group;

    * Andrew Affa, Catherine A. Pastrikos, Preston Postlethwaite,
Erik Harmon, Ian Shaw and John Barrett of Bickel and Brewer,
counsel to the Horbal Group;

    * Mark D. Collins, Marcos A. Ramos, Robert J, Stearn, Jr., and
Robert C. Maddox of Richards Layton and Finger, PA, counsel to the
Horbal Group; and

    * Albert S. Conly of FTI Consulting, expert witness for the
Horbal Group.

                 About SSG Capital Advisors, LLC

SSG Capital Advisors is an independent boutique investment bank
that assists middle-market companies and their stakeholders in
completing special situation transactions.  It provides its clients
with comprehensive investment banking services in the areas of
mergers and acquisitions, private placements, financial
restructurings, valuations, litigation and strategic advisory.  SSG
has a proven track record of closing over 250 transactions in North
America and Europe and is one of the leaders in the industry.

Securities are offered through SSG Capital Advisors, LLC (Member
SIPC, Member FINRA).  All other transactions are effectuated
through SSG Advisors, LLC, both of which are wholly owned by SSG
Holdings, LLC.  SSG is a registered trademark for SSG Capital
Advisors, LLC and SSG Advisors, LLC.  SSG provides investment
banking, restructuring advisory, merger, acquisition and
divestiture services, private placement services and valuation
opinions.

                   About Seegrid Corporation

Pittsburgh-based Seegrid Corporation is a developer of robotic
vision-guided automated vehicles.  It was founded in 2003 by two
Carnegie Mellon University robotic scientists, Hans Moravec and
Scott Friedman.

Seegrid Corporation filed for Chapter 11 bankruptcy protection
(Bank. D. Del. Case No. 14-12391) on Oct. 21, 2014, estimating its
assets at $1 million to $10 million and its debt at $50 million to
$100 million.  The Hon. Brendan Linehan Shannon presides over the
case.  The petition was signed by David Hellman, president.


SOUPMAN INC: MaloneBailey Expresses Going Concern Doubt
-------------------------------------------------------
Soupman, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the fiscal year ended
Aug. 31, 2014.

MaloneBailey, LLP, expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
incurred net losses for the year ended Aug. 31, 2014 and has a
working capital deficit as of Aug. 31, 2014.

The Company reported a net loss of $3.35 million on $3.1 million of
total revenue for the fiscal year ended Aug. 31, 2014, compared
with a net loss of $6.57 million on $2.38 million of total revenue
in the prior year.

The Company's balance sheet at Aug. 31, 2014, showed $1.07 million
in total assets, $11.48 million in total liabilities and total
stockholders' deficit of $10.41 million.  

A copy of the Form 10-K is available at:
                              
                       http://is.gd/E2ac2h
                          
                        About Soupman Inc.

Staten Island, New York-based Soupman, Inc., currently manufactures
and sells soup to grocery chains and other outlets and to its
franchised restaurants under the brand name "The Original
Soupman".

The Company reported a net loss of $299,000 on $756,000 of total
revenue for the three months ended May 31, 2014, as compared with a
net loss of $521,000 on $496,000 of total revenue for the same
period last year.

The Company's balance sheet at May 31, 2014, showed $1.17 million
in total assets, $10.96 million in total liabilities, and a
stockholders' deficit of $9.79 million.


SOUTHERN PACIFIC RESOURCES: S&P Withdraws 'D' Corp. Credit Rating
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it withdrew its ratings,
including its 'D' long-term corporate credit rating, on Calgary,
Alta.-based Southern Pacific Resources Corp. due to a lack of
information.  Southern Pacific has filed for creditor protection
under the Companies' Creditors Arrangement Act bankruptcy process
on Jan. 20, 2015.  Subsequently, the company announced that it will
not be filing its interim financial statements and management
discussion and analysis for the three and six months ended Dec. 31,
2014; and related disclosures that were due Feb. 13, 2015.  On Feb.
20, Southern Pacific announced its intent to sell or restructure
the company.  



STANDARD REGISTER: Has $275M Deal With Silver Point
---------------------------------------------------
The Standard Register Company on March 12 disclosed that it and its
subsidiaries have filed voluntary petitions under Chapter 11 of the
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.

The Company also disclosed that it is pursuing a sale process and
has entered into an acquisition agreement with an affiliate of
Silver Point Capital, L.P.  The agreement was submitted to the
Bankruptcy Court on March 12.  Under the proposed agreement, the
Company's assets will be sold for approximately $275 million plus
the assumption of certain other liabilities.  The sale agreement
contemplates a Court-supervised auction process, which is designed
to facilitate a competitive sale process.  Subject to the results
at auction, the closing of the transaction is subject to the
satisfaction of usual and customary conditions, including obtaining
Court approval and all necessary regulatory consents. The Company
believes that this sale will right-size the business' balance sheet
by significantly reducing its outstanding indebtedness and other
liabilities to better position the business for long-term growth
and profitability in the hands of a capable buyer. Silver Point
Capital is a private investment firm managing approximately $8.5
billion.

The Company is supported by its existing secured lenders, including
Bank of America, N.A. and Silver Point, who have agreed to extend
$155 million in financing in the form of a debtor-in-possession
(DIP) credit facility.  The DIP facility should provide the Company
with ample liquidity to facilitate its sale process and to fund
operations.  The Company also has filed and expects to obtain
approval for various customary motions seeking court authorization
to continue to support its business operations during the sale
process, including honoring employee wages and benefits in the
ordinary course and honoring its customer programs.  The Company
intends to pay suppliers under normal terms for goods and services
provided on or after the filing date of March 12, 2015.  The
Company appreciates the support of its customers and suppliers and
expects to continue its relationships with them in the ordinary
course of business.

"Standard Register has a fundamentally stable underlying business
with a large, diverse customer base and a strong portfolio of
solutions that include integrated communications, product marking
and decoration (labels), document management, promotional marketing
and technology/professional services, but our ability to invest in
growth has been hampered by our debt structure and legacy
liabilities," said Joseph P. Morgan, Jr., president and chief
executive officer.

"In response to the traditional print market decline, Standard
Register repositioned itself as a market focused integrated
communications provider where today, the majority of both revenue
and profit are being derived."

"The Board and management team have conducted a rigorous assessment
of all of our strategic options and believe that this process
represents the best possible solution for Standard Register.  We
are grateful for the support of our lenders and have sufficient
financing to fund our operations as we complete a process that
should result in greater flexibility for investment in the future,"
concluded Mr. Morgan.  "We are thankful to our dedicated employees
who continue to work diligently to deliver value and a high level
of customer service."

As recently announced, Kevin Carmody, a Practice Leader with
McKinsey Recovery & Transformation Services U.S., LLC, has been
appointed Chief Restructuring Officer.  The Company indicated that
it expects to provide additional details with respect to the
Chapter 11 filing as soon as they are available.  More information,
including access to court documents, can be accessed at
http://cases.primeclerk.com/standardregister(court-appointed
claims agent site) or http://www.deb.uscourts.gov-- the official
Bankruptcy Court website.

The Company's shareholders are cautioned that trading in shares of
the Company's common stock during the pendency of the bankruptcy
process will be highly speculative and will pose substantial risks.
The Company believes it is probable there will be no recovery for
any equity holder in the bankruptcy proceedings. Accordingly, the
Company urges extreme caution with respect to existing and future
investments in its common stock.

                      About Standard Register

Standard Register -- http://www.standardregister.com/-- provides
market-specific insights and a compelling portfolio of workflow,
content and analytics solutions to address the changing business
landscape in healthcare, financial services, manufacturing and
retail markets.

Standard Register's legal advisor for the Chapter 11 proceedings is
Gibson, Dunn & Crutcher LLP. Lazard Freres & Co. LLC serves as
financial advisor to the Company.



STEVIA CORP: Files Amendment to Dec. 31 Quarter Report
------------------------------------------------------
Stevia Corp. filed with the U.S. Securities and Exchange Commission
an amendment to its quarterly report on Form 10-Q for the quarter
ended Dec. 31, 2014.  A copy of the Form 10-Q/A is available at
http://is.gd/xIqgkQ

The Company disclosed a net loss of $1.18 million on $255,000 of
total revenue for the three months ended Dec. 31, 2014, compared
with a net loss of $831,000 on $389,000 of total revenue for the
same period during the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $6.99 million
in total assets, $4.15 million in total liabilities, and
stockholders' equity of $2.84 million.

The Company had an accumulated deficit at Dec. 31, 2014, and net
cash used in operating activities for the reporting period then
ended.  These factors raise substantial doubt about the Company's
ability to continue as a going concern, according to the regulatory
filing.
                         
Indianapolis, Indiana-based Stevia Corp. was incorporated on
May 21, 2007, in the State of Nevada under the name Interpro
Management Corp.  On March 4, 2011, the Company changed its name
to Stevia Corp. and effectuated a 35 for 1 forward stock split of
all of its issued and outstanding shares of common stock.




SUPER BUY: Court Order Dissolution of Unsecured Creditors Panel
---------------------------------------------------------------
The Bankruptcy Court entered an order dissolving the Unsecured
Creditors Committee in the Chapter 11 cases of Super Buy Furniture
Inc., also known as Casa Pitusa Muebles y Enseres.

Guy G. Gebhardt, Acting U.S. Trustee for Region 21, has requested
the Committee be dissolved as it was considered as not duly
constituted either for lack of members or creditors who are willing
to serve in the same, or do not meet the statutory requirements.

The U.S. Trustee related that multiple agreements have been reached
between the Committee and the Debtor, and after the modification,
four of the remaining members transferred their claims to another
entity leaving only one creditor as a member (P.F. Stores, Inc.,
c/o Israel Kopel Amster)

On Feb. 17, 2015, at the hearing to consider the approval of the
disclosure statement, the Debtor and the Committee reaffirmed their
agreements and the disclosure statement was approved.

                 About Super Buy Furniture

Cidra, Puerto Rico-based Super Buy Furniture, Inc., operator of
furniture stores throughout Puerto Rico under the business name of
"Casa Pitusa Muebles y Enseres", filed a Chapter 11 bankruptcy
petition (Bankr. D.P.R. Case No. 14-05523) in Old San Juan, Puerto
Rico, on July 3, 2014.

The Company disclosed $18.2 million in assets and $26.8 million in
debt in its original schedules.

The Company has tapped the firm O'Neill & Borges, in San Juan,
Puerto Rico, as counsel, and CPA Luis R. Carrasquillo & Co.,
P.S.C., as financial consultant.

The Debtor, the Official Committee of General Unsecured Creditors,
Empresas Berrios, Inc., and Rent Express by Berrios, Inc.,
submitted a Joint Plan of Reorganization and explanatory Disclosure
Statement dated Dec. 23, 2014.

The Plan contemplates the orderly liquidation of Super Buy's
assets through their sale in an organized manner overseen by
Debtor and the Committee.  It is estimated that the liquidation
will take from six to nine months, as of Dec. 1, 2014.  Discounts
for the sale of Debtor's assets will be agreed to by the Parties
and will depend on the demand by customers.

The U.S. Trustee for Region 21 appointed seven creditors to serve
in the official committee of unsecured creditors in the case.
Javier Vilarino and Ferraiuoli, LLC, serve as legal counsel to the
Creditors Committee.


TALBOT ENTERPRISES: Case Summary & 4 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Talbot Enterprises of Pine Bluff, Inc.
           dba White Hall Store It All
        7003 Dollarway Road
        White Hall, AR 71602

Case No.: 15-11195

Chapter 11 Petition Date: March 13, 2015

Court: United States Bankruptcy Court
       Eastern District of Arkansas (Pine Bluff)

Judge: Hon. Richard D. Taylor

Debtor's Counsel: J. Brad Moore, Esq.
                  FREDERICK S. WETZEL, III, P.A.
                  200 North State Street, Suite 200
                  Little Rock, AR 72201
                  Tel: 501-663-0535
                  Fax: 501-372-1550
                  Email: jbmoore@fswetzellaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Beau Talbot, president.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/areb15-11195.pdf


TRUMP ENTERTAINMENT: Court OKs Deal With Trump and Icahn Parties
----------------------------------------------------------------
Trump Entertainment Resorts, Inc., et al., sought and obtained the
Court's approval of a settlement by and among (i) the Debtors, (ii)
Trump AC Casino Marks LLC, Donald J. Trump, Ivanka Trump and DJT
Aerospace LLC, and (iii) Icahn Agency Services, LLC, Icahn Partners
LP, Icahn Partners Master Fund LP and IEH Investments I LLC.

In the interest of preserving and maximizing estate assets, and
paving the way towards confirmation of the Plan, the Debtors and
the First Lien Parties engaged the Trump Parties in extensive good
faith and arm's length discussions regarding (i) the Second Amended
and Restated Trademark License Agreement with the Trump Parties
("TLA"), (ii) the Equipment Lease Claim amounting to $263,981
asserted by DJT Aerospace, (iii) the DJT Ground Lease Claim in an
aggregate amount of not less than $172,216, and (iv) various
disputes with respect to the Trump Parties' issues regarding the
Plan.

As a result of these discussions, the Parties have reached a
resolution that is embodied in the Settlement Agreement.  The key
terms of the Settlement Agreement are:

   -- Pending the hearing on this Motion, the Trump Parties will
      not assert or pursue any objection to the Plan (and will
      discontinue any discovery in connection with a potential
      objection to the Plan by the Trump Parties), and through
      the time, all rights, claims and objections of the Trump
      Parties will be preserved.  From and after the Settlement
      Effective Date, the Trump Parties will and will cause any
      and all of their affiliates to support confirmation of the
      Plan;

   -- On the Settlement Effective Date, Trump AC will cause the
      State Court Action filed by Trump AC in the Superior Court
      of New Jersey, Chancery Division, Atlantic County, against
      certain of the Debtors and Icahn Agency Services, LLC, to
      be dismissed without prejudice; provided, however, on the
      Plan Effective Date, the State Court Action will be deemed
      to be dismissed with prejudice;

   -- On the Settlement Effective Date, (i) Trump Marina and
      Trump Plaza will no longer constitute Qualifying Casino
      Properties, provided that Trump AC will not claim that the
      Licensee Entities are in default under the TLA in
      connection with Trump Marina or Trump Plaza so long as the
      Licensee Entities comply with the provisions of the
      Settlement Agreement);

   -- Effective as of the Settlement Effective Date, the Licensee
      Entities will remove, at their sole cost and expense, and
      to Trump AC's reasonable satisfaction, any and all vestiges
      of the names "Trump Plaza", "Trump" and any and all
      derivations thereof on the exterior of Trump Plaza on or
      before the date that is 30 days following the receipt by
      the Licensee Entities of written notice from Trump AC
      directing them to perform that work;

   -- Effective as of the Settlement Effective Date, in the event
      that Trump Taj will cease to be continuously and
      uninterruptedly occupied and operated as a Qualifying
      Casino Property for a period of more than 90 days, Trump AC
      will have the immediate right to terminate the TLA by
      giving written notice of termination to the Licensee
      Entities;

   -- On the Settlement Effective Date, the Debtors will amend
      the Plan to be consistent with the Settlement Agreement;

   -- On the Settlement Effective Date, based solely on the
      Amendment, and contingent upon the occurrence of the Plan
      Effective Date, Trump AC consents and will be deemed to
      have consented in accordance with the TLA to the
      Reorganized Debtors' assumption of the TLA;

   -- On the Plan Effective Date, the parties to the TLA will
      enter into an amendment to the TLA;

   -- On the Plan Effective Date, the Reorganized Debtors will
      pay to DJT the sum of $172,216 in full satisfaction of the
      DJT Ground Lease Claim.

   -- On the Plan Effective Date, the Reorganized Debtors will
      assume the Ground Lease, cure any and all monetary defaults
      under the Ground Lease, and will promptly thereafter
      deliver to DJT evidence of the assumption and cure; and

   -- On the Plan Effective Date, the Reorganized Debtors will
      pay to DJT Aerospace the amount of the Equipment Lease
      Claims as are determined by the Bankruptcy Court to be
      allowed administrative expense claims.

                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
September 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.


TRUMP ENTERTAINMENT: Deadline to Decide on Sweep Road Lease Moved
-----------------------------------------------------------------
Trump Entertainment Resorts, Inc., et al., submitted to the U.S.
Bankruptcy Court for the District of Delaware a statement in
further support of their certification of counsel regarding the
proposed order further extending the time within which the Debtors
must assume or reject a certain unexpired lease of nonresidential
real property with the prior written consent of the lessor under
the lease and response to the preliminary objection and
supplemental objection of Donald J. Trump to the Certification of
Counsel.

Prior to the Petition Date, through a series of several
assignments, the Debtors became a party to the Lease, pursuant to
which the Debtors lease a parcel of land known as the "sweep road,"
which provides certain access to the Trump Plaza Hotel and Casino.
Under the Lease, the Debtors are required to pay rent on an annual
basis on September 1st of each year, and to pay real property taxes
related to the Lease directly to the appropriate taxing authority,
as and when those taxes come due.

The Debtors understand that at some point in December 2014,
Atlantic City sold a tax certificate for the 2014 Taxes.
Thereafter, the Debtors understand from discussions with, and
pleadings filed by, Mr. Trump and R&R Associates, that R&R
Associates requested, again pursuant to the Guaranty, that Mr.
Trump satisfy the 2014 Taxes.  As a result of an agreement with R&R
Associates, Mr. Trump advanced to R&R Associates the funds
necessary for R&R Associates to redeem the tax certificate for the
2014 Taxes, which the Debtors understand (as a result of the
Objection and the Response) R&R Associates did.

As the Debtors have previously advised the Court in connection with
various matters, including the Court's entry of an order
authorizing the Debtors' rejection of their collective bargaining
agreement with Local 54-Unite Here for the Trump Taj Mahal Casino
Resort, the Debtors deferred paying real estate taxes due to the
City of Atlantic City for the third and fourth quarters of 2014, in
light of the outstanding dispute with Atlantic City regarding the
assessed values of the underlying real property, including the
Lease Property.

As set forth in the Certification of Counsel, the Court extended
the deadline for the Debtors to assume or reject unexpired leases
of nonresidential real property under which one or more of the
Debtors are lessees, through and including the earlier of (i) April
7, 2015, and (ii) the date of the entry of an order confirming a
plan of reorganization.

In light of the Current Deadline rapidly approaching, the Debtors
asked consent, and R&R Associates consented, to an extension of the
Current Deadline for the Lease, through and including the earlier
of (i) July 10, 2015, and (ii) the Effective Date.

Mr. Trump subsequently filed a preliminary objection and a
supplemental objection.

The Debtors argue that there is no basis for Mr. Trump to insert
himself into a consensual agreement between the Debtors, as the
lessee, and R&R Associates, as the lessor, for an extension of the
Current Deadline with respect to the Lease.

The Debtors contend that Mr. Trump has no standing to object to the
Extension or the entry of the Proposed Order or any ability to
usurp, limit or condition the consent of R&R Associates to the
Extension because he is not the lessor under the Lease or even a
party to it.  Accordingly, the Debtors ask the Court to overrule
the Objection.

                          *     *     *

The Court granted the Debtors' request and extended the deadline
for the Debtors to assume the Lease through and including the
earlier of (i) July 10, 2015, and (ii) the Effective Date of the
Debtors' Plan of reorganization.

                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
September 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.


TRUMP ENTERTAINMENT: DIP Credit Agreement Revised
-------------------------------------------------
Trump Entertainment Resorts, Inc., et al., filed papers asking the
U.S. Bankruptcy Court for the District of Delaware for an order (i)
authorizing the Debtors to execute and deliver and perform under an
amendment to the Superpriority Senior Secured Priming
Debtor-In-Possession Credit Agreement previously approved by the
Court pursuant to the Final DIP Order, and (ii) amending the Final
DIP Order on account of the DIP Credit Agreement Amendment.

On January 30, 2015, the Court entered the Final DIP Order, which
among other things, authorized the Debtors to enter into the DIP
Credit Agreement, pursuant to which the DIP Lenders agreed to
provide the Debtors with a credit facility under which term loans
are to be advanced to the Debtors in the aggregate principal amount
of up to $20 million.

As the Debtors have previously advised the Court in connection with
the Court's entry of an order authorizing them to reject their
collective bargaining agreement with Local 54-Unite Here for the
Trump Taj Mahal Casino Resort and various other matters, the
Debtors deferred paying real estate taxes to Atlantic City for the
third and fourth quarters of 2014, in light of the outstanding
dispute with Atlantic City regarding the assessed values of the
underlying real property.  However, since the entry of the Final
DIP Order, the Debtors have determined that payment of their first
quarter 2015 real estate taxes in the aggregate amount of
$8,927,000 by April 1, 2015, to Atlantic City is a critical step in
preserving the Debtors' ability to appeal these taxes at the
appropriate time.

In order to pay the Real Estate Taxes, the Debtors have determined
that it is desirable and in the best interests of the Debtors,
their estates and creditors and other interested parties to
increase the principal amount available under the DIP Facility.  In
light of these circumstances, the Debtors commenced discussions
with the DIP Lenders regarding an amendment to the DIP Credit
Agreement that would provide the Debtors with the necessary
additional funding.

As a result of these discussions, the Debtors and the DIP Lenders
entered into the agreement providing for, among other things, the
DIP Credit Agreement to be amended through the DIP Credit Agreement
Amendment.

The salient terms of the DIP Credit Agreement Amendment are:

   -- The maximum aggregate principal amount of the Term Loans
      will be increased by $6.5 million by replacing
      "$20,000,000" with "$26,500,000" in Section 2.01 of the DIP
      Credit Agreement;

   -- The Additional Commitment Utilization will be increased by
      $7 million by replacing "$5,000,000" with "$12,000,000" in
      Section 5.01(a)(iii) of the DIP Credit Agreement;

   -- The Debtors will be authorized to pay the Real Estate Taxes
      out of the Additional Commitment Utilization by:

      * inserting after clause (c) in Section 5.01(a)(iii) of the
        DIP Credit Agreement, "(d) with the consent of the
        Administrative Agent, the Loan Parties shall pay the real
        estate taxes for the first quarter of 2015 in the amount
        of $8,927,000 by no later than March 31, 2015";

      * changing "(c)" to "(d)" in the definition of "Additional
        Commitment Utilization" in Section 5.01(a)(iii) of the
        DIP Credit Agreement; and

      * changing "(a) through (c)" to "(a) through (d)" in the
        further proviso in Section 5.01(a)(iii) of the DIP Credit
        Agreement; and

   -- Reducing the maximum amount of the Term Loan Commitment
      that may be used for any permitted purpose under the DIP
      Credit Agreement other than the Additional Commitment
      Utilization by $500,000 by replacing "$15,000,000" with
      "$14,500,000" in Section 5.01(a)(iii) of the DIP Credit
      Agreement.

                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
September 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.


TRUMP ENTERTAINMENT: Has Until Aug. 10 to Decide on Steinberg Lease
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware extended the
time within which Trump Entertainment Resorts, Inc., et al., may
assume or reject a certain lease agreement effective as of January
1, 2005, between Exempt Trust u/w Ellsworth H. Steinberg, et al.,
and Debtor Trump Plaza Associates, LLC, through and including the
earlier of (i) August 10, 2015, and (ii) the Effective Date.

The Order is without prejudice to the rights of the Debtors and
their estates to request additional extensions of time to assume or
reject the Lease consistent with Section 365(d)(4)(B)(ii) of the
Bankruptcy Code.

                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
September 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.


UTSTARCOM HOLDINGS: Incurs $14.2 Million Net Loss for Q4
--------------------------------------------------------
UTStarcom Holdings Corp. reported a net loss of $14.2 million on
$32.9 million of net sales for the three months ended Dec. 31,
2014, compared to a net loss of $16.05 million on $38.3 million of
net sales for the same period during the prior year.

For the 12 months ended Dec. 31, 2014, the Company reported a net
loss of $30.26 million on $129 million of net sales compared to a
net loss of $22.7 million on $164 million of net sales during the
previous year.

As of Dec. 31, 2014, the Company had $279 million in total assets,
$164 million in total liabilities, and $115 million in total
equity.

As of Dec. 31, 2014, cash and cash equivalents were $77.8 million.

Mr. William Wong, UTStarcom's chief executive officer, stated, "We
are pleased that we continued to make progress in the
transformation of our business during 2014, despite various market
challenges and headwinds.  Throughout the year we consistently
exceeded revenue expectations, brought further discipline and
efficiency to our business, and maintained a very strong balance
sheet.  Further, we made significant progress in further building
out our business to enable and support stronger and more effective
growth going forward.  Specifically, we appointed a number of
experienced executives to aggressively drive our go-to-market
strategies, continued to evolve our product mix to include higher
margin offerings that our customers are planning to adopt, extended
important client relationships and made great strides in our
aggressive geographic expansion in target markets including India,
North America, and Japan.  We continued to streamline our
operational efficiencies and achieved over a 30% reduction in
expenses.  While we continue to move through the transition of our
business, we are confident that we have put in place a very strong
foundation for future growth.  Our full Board and management team
are solely focused on maximizing the opportunities for global
growth that are ahead of us in our dynamic industry."

Mr. Min Xu, UTStarcom's chief financial officer, said, "By tightly
managing our operations during the year, we were able to beat
revenue expectations, deliver a 32.3% reduction in operation
expenses, and further streamlined our operations.  Our $40 million
share repurchase program highlighted not only our confidence in the
future of our business but also our strong intention to enhance
shareholder value.  While the operating environment remains
challenging, we are confident that we are on the right track to
succeed over the long-term."

A full-text copy of the press release is available at:

                        http://is.gd/Bk2Ek9

                       About UTStarcom, Inc.

UTStarcom, Inc. (Nasdaq: UTSI) -- http://www.utstar.com/-- is a
global leader in IP-based, end-to-end networking solutions and
international service and support.  The Company sells its
solutions to operators in both emerging and established
telecommunications markets around the world.  UTStarcom enables
its customers to rapidly deploy revenue-generating access services
using their existing infrastructure, while providing a migration
path to cost-efficient, end-to-end IP networks.  The Company's
headquarters are currently in Alameda, California, with its
research and design operations primarily in China.


VESTOR HOMES: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Vestor Homes LLC
        1600 Calebs Path
        Hauppauge, ny 11788

Case No.: 15-70991

Chapter 11 Petition Date: March 13, 2015

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

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: Chauncey D Henry, Esq.
                  HENRY LAW GROUP
                  825 E Gate Blvd, Ste 106
                  Garden City, NY 11530
                  Tel: 516-366-4367
                  Email: chauncey.henry@lawhenry.com

Estimated Assets: $1 million to $10 million

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

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


VIRTUAL PIGGY: Issues $2 Million 10% Convertible Notes
------------------------------------------------------
Virtual Piggy, Inc., disclosed in a document filed with the U.S.
Securities and Exchange Commission that it issued $2,000,000
aggregate principal amount of its 10% Secured Convertible
Promissory Notes due March 5, 2016, to certain accredited investors
on March 6, 2015.

The Notes are convertible by the holders, at any time, into shares
of the Company's Series B Cumulative Convertible Preferred Stock at
a conversion price of $90.00 per share, subject to adjustment for
stock splits, stock dividends and similar transactions with respect
to the Series B Preferred Stock only.  Each share of Series B
Preferred Stock is currently convertible into 100 shares of the
Company's common stock at a current conversion price of $0.90 per
share, subject to anti-dilution adjustment as described in the
Certificate of Designation of the Series B Preferred Stock.  In
addition, pursuant to the terms of a Security Agreement entered
into on March 6, 2015, by and among the Company, the Investors and
a collateral agent acting on behalf of the Investors, the Notes are
secured by a lien against substantially all of the Company's
business assets.  Pursuant to the Purchase Agreement, the Company
also granted piggyback registration rights to the holders of the
Series B Preferred Stock upon a conversion of the Notes.

                  About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.

The Company's balance sheet at Sept. 30, 2014, showed
$4.11 million in total assets, $5.59 million in total liabilities
and a stockholders' deficit of $1.49 million.

"The Company has incurred significant losses and experienced
negative cash flow from operations during the development stage.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern," according to the
Company's quarterly report for the period ended Sept. 30, 2014.


WEBSTER FINANCIAL: Fitch Affirms 'B+' Rating on Preferred Stock
---------------------------------------------------------------
Fitch Ratings has affirmed and withdrawn the 'BBB/F2' long- and
short-term IDRs for Webster Financial Corporation (WBS) and its
principal banking subsidiary Webster Bank, NA.  The ratings are
being withdrawn for commercial reasons.

KEY RATINGS DRIVERS - IDRs, VRs, AND SENIOR DEBT

WBS' rating affirmation reflects its solid Connecticut franchise
and operating performance and asset quality in line with its rating
category.  Moreover, WBS has further strengthened its franchise
through the third-quarter 2014 (3Q'14) announced acquisition of JP
Morgan's health savings account (HSA) business. The HSA business
provides a solid source of long-duration deposit funding for the
WBS, which will be a benefit to the bank over the long term.

Fitch views WBS' earnings profile as being representative of its
rating category.  Earnings measures are solid and finished above
2014 the mid-tier median peer level.  Earnings are relatively more
concentrated in spread revenues than its peers.  However, WBS has
maintained a more stable net interest margin than its peers.

WBS solid earnings are due in part to relatively stronger operating
leverage than its peers.  In addition, WBS' earnings profile is
also aided by a relatively higher yielding securities portfolio due
to a sizeable CMBS portfolio, which has had strong performance.
Over 25% of WBS' securities portfolio is invested in higher
yielding and relatively riskier, non-government guaranteed
securities.

Asset quality is also an attribute that Fitch views representative
of WBS' rating category.  Although nonperforming assets (NPAs) rank
in the top quartile of the mid-tier group at over 2.7%, this number
is significantly impacted by WBS' conservative approach to trouble
debt restructure (TDR) identification which Fitch includes in its
NPA calculation.  Over 50% of the bank's nonperforming assets are
performing TDRs.  As a result, Fitch expects WBS' NPA levels to
continue to rank in the top quartile of the mid-tier bank group
since TDRs retain their classification for the life of the loan.

Capital levels, although adequate, represent a modest weakness
relative to WBS' rating.  WBS' tangible common equity ratio was
7.45% at the end of 2014, which ranks in the bottom quartile of the
mid-tier bank group.

RATING SENSITIVIES - IDRs, VRs, AND SENIOR DEBT

Rating sensitivities are no longer relevant given rating
withdrawal.

KEY RATING DRIVERS - LONG AND SHORT TERM DEPOSIT RATINGS

Webster Bank's uninsured deposit ratings are rated one notch higher
than WBS' IDR and senior unsecured debt because U.S. uninsured
deposits benefit from depositor preference. Fitch believes U.S.
depositor preference gives deposit liabilities superior recovery
prospects in the event of default.

RATING SENSITIVITIES - LONG AND SHORT TERM DEPOSIT RATINGS

Rating sensitivities are no longer relevant given the rating
withdrawal.

KEY RATING DRIVERS - SUPPORT RATING AND SUPPORT RATING FLOOR

The Support Rating of '5' and Support Ratings Floor of 'NF' reflect
Fitch's view that WBS and Webster Bank are not considered
systemically important and therefore, the probability of support is
unlikely.

RATING SENSITIVITIES - SUPPORT RATING AND SUPPORT RATING FLOOR

Rating sensitivities are no longer relevant given rating
withdrawal.

KEY RATING DRIVERS - HOLDING COMPANY

The IDR and VR of WBS are equalized with those of its chief
operating company, Webster Bank, reflecting its role as the bank
holding company, which is mandated in the U.S. to act as a source
of strength for its bank subsidiaries.

RATING SENSITIVITIES - HOLDING COMPANY

Rating sensitivities are no longer relevant given the rating
withdrawal.

Fitch has affirmed and withdrawn these ratings with a Stable
Outlook:

Webster Financial Corporation

   -- Long-term IDR 'BBB';
   -- Short-term IDR 'F2';
   -- Senior debt 'BBB';
   -- Viability Rating 'bbb';
   -- Preferred stock 'B+';
   -- Support'5';
   -- Support Floor 'NF';

Webster Bank, NA

   -- Long-term IDR 'BBB';
   -- Short-term IDR 'F2';
   -- Viability Rating 'bbb';
   -- Long-term deposits 'BBB+';
   -- Short-term deposits 'F2';
   -- Support '5';
   -- Support Floor 'NF';



WEST CORP: Prices Secondary Offering of Common Stock
----------------------------------------------------
West Corporation announced the pricing of an underwritten public
offering of 11,000,000 shares of common stock by certain of its
existing stockholders at a public offering price of $30.75 per
share.  The underwriters of the offering have a 30-day option to
purchase up to an additional 1,650,000 shares of common stock from
the selling stockholders at the public offering price, less
underwriting discounts and commissions.  Subject to customary
conditions, the offering is expected to close on March 18, 2015.

All of the shares of common stock in the offering will be sold by
investors related to Thomas H. Lee Partners, L.P. and Quadrangle
Group LLC.  Neither the Company nor the Company's management is
selling any shares of common stock in the offering, and the Company
will not receive any proceeds from the offering by the selling
stockholders.

In addition, as previously announced, the Company has entered into
an agreement with the selling stockholders to repurchase 1,000,000
shares of common stock from the selling stockholders in a private
transaction, concurrently with the closing of the offering.  The
shares will be repurchased at a price of $29.60 per share, for an
aggregate purchase price of $29,600,000.  The closing of the share
repurchase is contingent on, and expected to occur simultaneously
with, the closing of the offering, subject to the satisfaction of
other customary conditions.  The closing of the offering is not
contingent on the closing of the share repurchase.

The lead joint book-running managers of the offering are Goldman,
Sachs & Co. and Morgan Stanley & Co. LLC, along with book-running
managers BofA Merrill Lynch, Barclays Capital Inc., Citigroup,
Deutsche Bank Securities Inc. and Wells Fargo Securities.

A shelf registration statement (including prospectus) relating to
these securities was filed and became effective with the Securities
and Exchange Commission on March 9, 2015.  Information about the
offering is available in the prospectus supplement to be filed with
the SEC.  Copies of the prospectus supplement and the accompanying
prospectus relating to the offering may be obtained by contacting:

Goldman, Sachs & Co.   Morgan Stanley & Co. LLC
Prospectus Department   Prospectus Department
200 West Street         180 Varick Street, 2nd Floor
New York, NY 10282   New York, NY 10014
telephone: 866-471-2526  telephone: 866-718-1649
facsimile: 212-902-9316  email: prospectus@morganstanley.com
email: prospectus-ny@ny.email.gs.com

                      About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with
services that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corp reported net income of $158 million in 2014 following
net income of $143 million in 2013.

As of Dec. 31, 2014, West Corp had $3.81 billion in total assets,
$4.47 billion in total liabilities, and a $660 million total
stockholders' deficit.

                         Bankruptcy Warning

"If our cash flows and capital resources are insufficient to fund
our debt service obligations and to fund our other liquidity needs,
we may be forced to reduce or delay capital expenditures or the
payment of dividends, sell assets or operations, seek additional
capital or restructure or refinance our indebtedness. We cannot
make assurances that we would be able to take any of these actions,
that these actions would be successful and permit us to meet our
scheduled debt service obligations or that these actions would be
permitted under the terms of our existing or future debt
agreements, including our senior secured credit facilities or the
indenture that governs our outstanding notes. Our senior secured
credit facilities documentation and the indenture that governs the
notes restrict our ability to dispose of assets and use the
proceeds from the disposition.  As a result, we may not be able to
consummate those dispositions or use the proceeds to meet our debt
service or other obligations, and any proceeds that are available
may not be adequate to meet any debt service or other obligations
then due.

If we cannot make scheduled payments on our debt, we will be in
default of such debt and, as a result:

   * our debt holders could declare all outstanding principal and
     interest to be due and payable;

   * our debt holders under other debt subject to cross default or
     cross acceleration provisions could declare all outstanding
     principal and interest on such other debt to be due and
     payable;

   * the lenders under our senior secured credit facilities could
     terminate their commitments to lend us money and foreclose
     against the assets securing our borrowings; and

   * we could be forced into bankruptcy or liquidation," the
     Company stated in its 2014 Report.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


WESTERN EXPRESS: S&P Raises CCR to 'B-' Then Withdraws Rating
-------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Western Express Inc. to 'B-' from 'CCC'.  The outlook is
stable.

At the same time, S&P raised the issue-level rating on the $285
million senior secured notes to 'CCC+' from 'CCC-'.  The '5'
recovery rating, indicates S&P's expectation for modest (10%-30%,
at the high end of the range) recovery in the event of a default.

S&P then withdrew the ratings on Western Express at the company's
request.

The rating actions follow the planned refinancing of Western
Express' $285 million senior secured notes due April 15, 2015, with
a $126 million revolving credit facility due 2020 and $182 million
term loan due 2022.  The company has issued a notice of redemption
for the notes and made the irrevocable deposit of funds, with the
effective redemption date of March 25, 2015. Because Western
Express' credit profile improves with the successful completion of
the refinancing, S&P raised the ratings.

S&P is withdrawing the ratings in a separate action at the
company's request.



WET SEAL: Versa Capital Affiliate Declared Winning Bidder
---------------------------------------------------------
Versa Capital Management, LLC, on March 16 disclosed that one of
its affiliates was declared the winning bidder in the auction for
the business of The Wet Seal, Inc., a specialty retailer in
reorganization proceedings.

Versa's winning bid includes replacement debtor-in-possession
financing, which will be presented for Court approval at a hearing
scheduled on March 18, 2015, in the United States Bankruptcy Court
for the District of Delaware.  Pursuant to Versa's bid, Wet Seal is
completing the sale under Section 363 of the Bankruptcy Code.  To
this end, Wet Seal and an affiliate of Versa have entered into an
asset purchase agreement which the parties intend to submit to the
Court.  Under the purchase agreement, the buyer is to acquire
substantially all of the assets of Wet Seal, subject to Court
approval and other conditions.  More information about the auction
and relevant motions can be accessed at
http://www.donlinrecano.com/wetseal

"Versa Capital is pleased to have prevailed in our effort to
acquire Wet Seal's business," said Greg Segall, Chairman and CEO of
Versa.  "We have been assessing the dramatically shifting landscape
in Wet Seal's category for more than a year and determined that Wet
Seal, among the many companies we evaluated, was best positioned in
the marketplace, and thus we pursued this deal with determination.
We now look forward to working with CEO Ed Thomas and the rest of
the dedicated Wet Seal team to conclude the transaction and pursue
the many opportunities for growth and profitability now available
under Versa's ownership."

"We believe our agreement with Versa provides the best possible
outcome for our creditors, employees, customers and other
constituents," said Ed Thomas, CEO of Wet Seal.  "We are focused on
executing an orderly emergence from bankruptcy court supervision
and collaborating with Versa to improve the operational and
financial performance of the business."

Versa is being advised by Greenberg Traurig LLP, Klehr Harrison
Harvey Branzburg LLP, and KPMG LLP.  Wet Seal is being advised by
Klee, Tuchin, Bogdanoff & Stern LLP, Paul Hastings LLP, and
Houlihan Lokey Capital, Inc.

                  About Versa Capital Management

Based in Philadelphia, Versa Capital Management --
http://www.versa.com/-- is a private equity investment firm with
more than $1.4 billion of assets under management focused on
control investments in special situations involving middle market
companies where value and performance growth can be achieved
through enhanced operational and financial management.  Versa's
portfolio includes retailers Avenue Stores and Vestis (Bob's
Stores, Eastern Mountain Sports and Sport Chalet); restaurants such
as Black Angus Steakhouses; community newspapers under Civitas
Media; and manufacturers that service a variety of industries.

                        About Wet Seal

The Wet Seal, Inc., and three affiliates -- The Wet Seal Retail,
Inc., Wet Seal Catalog, Inc., and Wet Seal GC, LLC -- filed
separate Chapter 11 petitions (Bankr. D. Del. Case Nos. 15-10081 to
15-10084) on Jan. 15, 2015.  The Debtors are a national
multi-channel retailer selling fashion apparel and accessory items
designed for female customers aged 13 to 24 years old.  Wet Seal
listed total assets of $92.8 million and total liabilities of
$103.4 million as of Nov. 1, 2014.  

The Hon. Christopher S. Sontchi presides over the jointly
administered cases.  Maris J. Kandestin, Esq., and Michael R.
Nestor, Esq., at Young Conaway Stargatt & Taylor, LLP; Lee R.
Bogdanoff, Esq., Michael L. Tuchin, Esq., David M. Guess, Esq., and
Jonathan M. Weiss, Esq., at Klee, Tuchin, Bogdanoff & Stern LLP;
and Paul Hastings LLP, serve as the Debtors' Chapter 11 counsel.
FTI Consulting serves as the Debtors' restructuring advisor.  The
Debtors' investment banker is Houlihan Lokey.  The Debtors tapped
Donlin, Recano & Co., Inc. as claims and noticing agent.  

The petitions were signed by Thomas R. Hillebrandt, interim chief
financial officer.

B. Riley, the DIP lender and plan sponsor, is represented by Van C.
Durrer, II, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP.


WET SEAL: Versa Capital Outbids B. Riley
----------------------------------------
Sara Randazzo, writing for The Wall Street Journal, reported that a
competitive auction over the future of Wet Seal Inc. ended with
Versa Capital Management LLC agreeing to take over at least 140 of
the teen clothing chain's stores and sink an initial $10 million
into the company's operations.

According to the Journal, citing people familiar with the matter,
Wet Seal's initial savior, B. Riley Financial Inc., was outbid by
Philadelphia-based private equity Versa, whose offer includes $7.5
million in cash slated for unsecured creditors, an agreement to pay
so-called cure costs as well as administrative and priority claims,
and $10 million in exit financing.  Versa also agreed to take over
a $20 million bankruptcy financing commitment from B. Riley and pay
B. Riley a $625,000 breakup fee, the Journal said.

                        About Wet Seal

The Wet Seal, Inc., and three affiliates -- The Wet Seal Retail,
Inc., Wet Seal Catalog, Inc., and Wet Seal GC, LLC -- filed
separate Chapter 11 petitions (Bankr. D. Del. Case Nos. 15-10081
to
15-10084) on Jan. 15, 2015.  The Debtors are a national
multi-channel retailer selling fashion apparel and accessory items
designed for female customers aged 13 to 24 years old.  Wet Seal
listed total assets of $92.8 million and total liabilities of
$103.4 million as of Nov. 1, 2014.  

The Hon. Christopher S. Sontchi presides over the jointly
administered cases.  Maris J. Kandestin, Esq., and Michael R.
Nestor, Esq., at Young Conaway Stargatt & Taylor, LLP; Lee R.
Bogdanoff, Esq., Michael L. Tuchin, Esq., David M. Guess, Esq.,
and
Jonathan M. Weiss, Esq., at Klee, Tuchin, Bogdanoff & Stern LLP;
and Paul Hastings LLP, serve as the Debtors' Chapter 11 counsel.
FTI Consulting serves as the Debtors' restructuring advisor.  The
Debtors' investment banker is Houlihan Lokey.  The Debtors tapped
Donlin, Recano & Co., Inc. as claims and noticing agent.  

The petitions were signed by Thomas R. Hillebrandt, interim chief
financial officer.

B. Riley, the DIP lender and plan sponsor, is represented by Van
C.
Durrer, II, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP.

There are four members of the Official Committee of Unsecured
Creditors.


WILD GOOSE: Case Summary & 6 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Wild Goose Farm, LLC
        767 East Washington Street
        Charles Town, WV 25414

Case No.: 15-00237

Chapter 11 Petition Date: March 13, 2015

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

Judge: Hon. Patrick M. Flatley

Debtor's Counsel: Tate Morgan Russack, Esq.
                  RUSSACK ASSOCIATES, LLC
                  100 Severn Ave, Suite 101
                  Annapolis, MD 21403
                  Tel: 410-505-4150
                  Fax: 410-510-1390
                  Email: Tate@russacklaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christopher B. Shultz, managing member.

A list of the Debtor's six largest unsecured creditors is available
for free at http://bankrupt.com/misc/wvnb15-00237.pdf


WOLF MOUNTAIN: Court Converts Case to Chapter 7 Proceeding
----------------------------------------------------------
The Hon. Joel T. Marker of the U.S. Bankruptcy Court for the
District of Utah converted the Chapter 11 case of Wolf Mountain
Products LLC to a Chapter 7 proceeding due to lack of activity on
the docket; failure to prosecute a plan or disclosure statement;
and failure to file monthly operating reports for December or
January.

                   About Wolf Mountain Products

Wolf Mountain Products' business consists of harvesting buried wood
and bark fines from property it owns in Panguitch, Utah and in
Lindon, Utah, and from leased property in Fredonia, Arizona and
thereafter selling its products to its customers.

Wolf Mountain Products, L.L.C., filed a Chapter 11 petition (Bankr.
D. Utah Case No. 13-33869) in Salt Lake City on Dec. 12, 2013.
Bryce J. Burns signed the petition as manager.

The Orem, Utah-based company disclosed $40,666,583 in assets and
$5,627,349 in liabilities as of the Petition Date.  Anna W. Drake,
Esq., at the law firm of Anna W. Drake, P.C., in Salt Lake City,
serves as the Debtor's counsel.  Judge Joel T. Marker presides over
the case.

The U.S. Trustee for Region 19 has selected three creditors to the
Official Committee of Unsecured Creditors for the case of the
Debtor.


YRC WORLDWIDE: Adopts New Form of Restricted Stock Agreement
------------------------------------------------------------
Pursuant to the YRC Worldwide Inc. Amended and Restated 2011
Incentive and Equity Award Plan, YRC Worldwide Inc. may grant from
time to time, among other things, restricted stock and
performance-based awards to employees, non-employee directors and
consultants or independent contractors to the Company.

On March 9, 2015, the Compensation Committee of the Board of
Directors of the Company adopted a new form of Restricted Stock
Agreement and a form of Performance Stock Unit Agreement to grant
restricted stock and performance-based stock unit awards,
respectively, pursuant to the Plan.  The performance-based stock
unit awards are intended to align with current market practices in
executive compensation and to align executive pay with Company
performance.

The maximum number of shares that may be earned pursuant to the
Performance Stock Unit Agreement will be determined based upon the
performance measure of return on invested capital of the Company,
measured over a one-year period.  The portion of such maximum
number of shares that ultimately vest will be based upon continued
employment over a three-year period.  Depending on the Company's
ROIC performance over the performance period and duration that the
recipient remains employed with, or provides services to, the
Company, the recipient may earn up to 200% of the target number of
shares underlying the performance-based stock unit award.  Vested
units are settled in shares of the Company's common stock.  The
form of Performance Stock Unit Agreement provides for accelerated
or pro-rata vesting and settlement of stock units underlying the
performance-based stock unit award in certain circumstances,
including in the event of a termination without cause or
resignation for good reason, a termination without cause or
resignation for good reason within 12 months following a change of
control of the Company, or upon death or becoming permanently and
totally disabled.

                        About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers
its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

YRC Worldwide reported a net loss attributable to common
shareholders of $85.8 million in 2014, a net loss attributable to
common shareholders of $83.6 million in 2013 and a net loss
attributable to common shareholders of $140.4 million in 2012.

As of Dec. 31, 2014, YRC Worldwide had $1.98 billion in total
assets, $2.45 billion in total liabilities and a $474.3 million
total stockholders' deficit.

                            *    *    *

As reported by the TCR on Feb. 18, 2014, Moody's Investors Service
had upgraded the Corporate Family Rating for YRC Worldwide Inc.
("YRCW") from Caa3 to B3, following the successful closing of its
refinancing transactions.

In the Jan. 31, 2014, edition of the TCR, Standard & Poor's
Ratings Services said that it raised its ratings on Overland Park,
Kansas-based less-than-truckload (LTL) trucker YRC Worldwide Inc.
(YRCW), including the corporate credit rating to 'CCC+' from
'CCC', and removed them from CreditWatch negative, where they were
placed on Jan. 10, 2014.  "The upgrades reflect YRCW's improved
liquidity position and minimal debt maturities as a result of its
proposed refinancing," said Standard & Poor's credit analyst Anita
Ogbara.


[*] Haynes & Boone's Patrick Hughes Inducted as Bankruptcy Fellow
-----------------------------------------------------------------
Haynes and Boone, LLP Partner Patrick Hughes has been inducted as a
fellow in the 26th Class of the American College of Bankruptcy.  He
is one of 34 new fellows being honored for their professional
excellence and exceptional contributions to the restructuring and
insolvency fields.

The American College of Bankruptcy is an honorary association of
bankruptcy and insolvency professionals, and plays an important
role in sustaining professional excellence in the industry.

Nominees are extended an invitation to join based on a sustained
record of achievement reflecting the highest standards of
professionalism, ethics, character, integrity, professional
expertise and leadership contributing to the enhancement of
bankruptcy and insolvency law and practice; sustained evidence of
scholarship, teaching, lecturing or writing on bankruptcy or
insolvency; and commitment to elevate knowledge and understanding
of the profession and public respect for the practice.

Hughes joins three other Haynes and Boone lawyers who have been
inducted into the college -- Bob Albergotti, Charles Beckham and
Robin Phelan.

"We join together to welcome our outstanding partner Patrick Hughes
to the college," the three lawyers said.  "In our minds, Pat
clearly embodies the high values and strong legal ethics the
American College of Bankruptcy was established to honor. This
accolade is certainly well deserved."

At the firm, Mr. Hughes is the administrative partner of the new
Denver office.  He has particular experience in restructuring
matters affecting energy companies, and companies subject to mass
tort or large litigation claims.  His practice has involved key
roles in some of the largest business bankruptcy cases filed and
has advocated for clients such as Dow Corning Corporation, GAF
Corp., Quigley Corporation, Armstrong Industries, and Garlock
Corporation.  He is credited with a number of reported court
decisions in many noteworthy cases of regional and national
significance, and is recognized in the field as someone who
understands what the bankruptcy process can do, and how it may help
solve problems.

In addition to his business-centered practice, Mr. Hughes is
dedicated to the provision of legal services for the
underprivileged.  He is committed to ensuring his clients are
directly involved in the legal process that affects them.  He has
been recognized by the state and local bar for his work as chair of
the Houston Bar Association's Bankruptcy Pro Bono Section since its
1999 inception.

The induction ceremony and reception in honor of the new fellows
took place at the Smithsonian Donald W. Reynolds Center for
American Art and Portraiture on March 13.

                      About Haynes and Boone

Haynes and Boone, LLP is an international corporate law firm with
offices in Texas, New York, California, Colorado, Washington, D.C.,
Shanghai and Mexico City, providing a full spectrum of legal
services in technology, financial services, energy and private
equity.  With more than 550 attorneys, Haynes and Boone is ranked
among the largest law firms in the nation by The National Law
Journal.  In 2014 the firm was named the Best National Firm for
Diversity in North America in the Americas Women in Business Law
Awards.


[*] Moody's: Sale-Leasebacks Could Raise Capital for US Gaming Cos.
-------------------------------------------------------------------
Sale-leasebacks could become an important means of raising capital
in the US gaming sector, Moody's Investors Service says in a new
report.  Many gaming companies are already financially stretched,
and in the face of higher interest rates, for some such an
arrangement could ultimately be the only viable financing option.

"US gaming companies for the most part are struggling with weak
consumer demand, oversupply and a high fixed-cost structure, to the
detriment of their earnings and cash flow," says Senior Vice
President, Keith Foley. "Most really can't afford to pay much more
in interest, and large debt maturities are beginning to appear on
the horizon."

Moody's thinks Gaming and Leisure Properties, Inc.'s recent hostile
bid to buy rival Pinnacle Entertainment, Inc.'s casino assets for
$4.1 billion is indicative of things to come, according to the new
report, "Sale-Leasebacks May Be the Solution for the Highly
Leveraged Gaming Sector."

The proposed deal, which would be the first of its kind between two
unrelated gaming companies in the US, involves a sale-leaseback of
all of Pinnacle's casino properties.

"Sale-leasebacks would provide US gaming companies with cost
effective way to address their upcoming debt maturities," Foley
says. "And for some, sale-leasebacks could prove to be one of few
available sources of capital."

Gaming and Leisure Properties was spun off from Penn National
Gaming in November 2013, and has since established itself as the
first gaming-focused REIT, or real estate investment trust, in the
US.  The proposed acquisition of Pinnacle Entertainment's casino
properties would be credit positive for Gaming and Leisure
Properties, absent a material increase in leverage, Moody's says.
The REIT would increase in size and scale, for instance, and have
better tenant diversification.  There is however a risk that the
REIT will sweeten its offer, potentially increasing leverage.

Meanwhile, Pinnacle is working on its own sale-leaseback solution,
but its path is likely to be more difficult given the plan's
complexities and the need to reduce its high leverage in order to
bolster its cost of capital.


[^] Large Companies With Insolvent Balance Sheet
------------------------------------------------
                                                Total
                                               Share-       Total
                                    Total     Holders'    Working
                                   Assets      Equity     Capital
  Company         Ticker             ($MM)       ($MM)       ($MM)
  -------         ------           ------    --------      ------
ABSOLUTE SOFTWRE  ALSWF US          138.6      (11.0)       (2.4)
ABSOLUTE SOFTWRE  OU1 GR            138.6      (11.0)       (2.4)
ABSOLUTE SOFTWRE  ABT CN            138.6      (11.0)       (2.4)
ACCRETIVE HEALTH  6HL GR            510.0      (85.6)      (17.7)
ACCRETIVE HEALTH  ACHI US           510.0      (85.6)      (17.7)
ADVANCED EMISSIO  ADES US           106.4      (46.1)      (15.3)
ADVANCED EMISSIO  OXQ1 GR           106.4      (46.1)      (15.3)
ADVENT SOFTWARE   ADVS US           434.9      (64.8)     (122.0)
ADVENT SOFTWARE   AXQ GR            434.9      (64.8)     (122.0)
AGILE THERAPEUTI  0AL GR             60.9       42.4        39.8
AGILE THERAPEUTI  AGRX US            60.9       42.4        39.8
AIR CANADA        ACDVF US       10,648.0   (1,133.0)      (59.0)
AIR CANADA        ADH2 GR        10,648.0   (1,133.0)      (59.0)
AIR CANADA        ACEUR EU       10,648.0   (1,133.0)      (59.0)
AIR CANADA        ADH2 TH        10,648.0   (1,133.0)      (59.0)
AIR CANADA        AC CN          10,648.0   (1,133.0)      (59.0)
AK STEEL HLDG     AK2 TH          4,858.5      (77.0)      900.5
AK STEEL HLDG     AKS US          4,858.5      (77.0)      900.5
AK STEEL HLDG     AKS* MM         4,858.5      (77.0)      900.5
AK STEEL HLDG     AK2 GR          4,858.5      (77.0)      900.5
ALLIANCE HEALTHC  AIQ US            473.5     (127.3)       62.8
AMC NETWORKS-A    AMCX* MM        3,976.6     (147.3)      597.4
AMC NETWORKS-A    9AC GR          3,976.6     (147.3)      597.4
AMC NETWORKS-A    AMCX US         3,976.6     (147.3)      597.4
AMER RESTAUR-LP   ICTPU US           33.5       (4.0)       (6.2)
AMYLIN PHARMACEU  AMLN US         1,998.7      (42.4)      263.0
ANGIE'S LIST INC  8AL GR            154.5      (22.2)      (13.3)
ANGIE'S LIST INC  ANGI US           154.5      (22.2)      (13.3)
ANGIE'S LIST INC  8AL TH            154.5      (22.2)      (13.3)
ARRAY BIOPHARMA   ARRY US           163.6      (13.9)       82.8
ARRAY BIOPHARMA   AR2 GR            163.6      (13.9)       82.8
ARRAY BIOPHARMA   AR2 TH            163.6      (13.9)       82.8
AUTOZONE INC      AZ5 GR          7,717.1   (1,662.8)   (1,383.4)
AUTOZONE INC      AZO US          7,717.1   (1,662.8)   (1,383.4)
AUTOZONE INC      AZ5 QT          7,717.1   (1,662.8)   (1,383.4)
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)
AVID TECHNOLOGY   AVID US           197.2     (341.2)     (173.2)
BENEFITFOCUS INC  BTF GR            140.0      (42.8)       25.0
BENEFITFOCUS INC  BNFT US           140.0      (42.8)       25.0
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  BRPIF US        2,115.5       (9.5)      184.7
BRP INC/CA-SUB V  B15A GR         2,115.5       (9.5)      184.7
BRP INC/CA-SUB V  DOO CN          2,115.5       (9.5)      184.7
BURLINGTON STORE  BURL US         2,796.9     (167.9)       77.6
BURLINGTON STORE  BUI GR          2,796.9     (167.9)       77.6
CABLEVISION SY-A  CVY GR          6,765.2   (5,032.0)      180.5
CABLEVISION SY-A  CVC US          6,765.2   (5,032.0)      180.5
CABLEVISION-W/I   CVC-W US        6,765.2   (5,032.0)      180.5
CABLEVISION-W/I   8441293Q US     6,765.2   (5,032.0)      180.5
CADIZ INC         CDZI US            56.0      (49.7)        3.0
CADIZ INC         2ZC GR             56.0      (49.7)        3.0
CAESARS ENTERTAI  C08 GR         23,535.0   (4,742.0)  (14,607.0)
CAESARS ENTERTAI  CZR US         23,535.0   (4,742.0)  (14,607.0)
CASELLA WASTE     WA3 GR            661.8       (6.7)       (0.5)
CASELLA WASTE     CWST US           661.8       (6.7)       (0.5)
CENTENNIAL COMM   CYCL US         1,480.9     (925.9)      (52.1)
CHOICE HOTELS     CZH GR            647.3     (428.8)      151.3
CHOICE HOTELS     CHH US            647.3     (428.8)      151.3
CIENA CORP        CIEN US         2,056.2      (88.6)      902.8
CIENA CORP        CIE1 GR         2,056.2      (88.6)      902.8
CIENA CORP        CIEN TE         2,056.2      (88.6)      902.8
CIENA CORP        CIE1 TH         2,056.2      (88.6)      902.8
CINCINNATI BELL   CIB GR          1,819.7     (648.5)      (73.2)
CINCINNATI BELL   CBB US          1,819.7     (648.5)      (73.2)
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 TH          3,164.0   (1,734.3)      490.3
CLIFFS NATURAL R  CLF US          3,164.0   (1,734.3)      490.3
CLIFFS NATURAL R  CVA GR          3,164.0   (1,734.3)      490.3
CLIFFS NATURAL R  CLF* MM         3,164.0   (1,734.3)      490.3
COMVERSE INC      CM1 GR            649.6       (2.8)        4.3
COMVERSE INC      CNSI US           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            34.6       (3.4)       16.7
CORCEPT THERA     HTD GR             34.6       (3.4)       16.7
CORINDUS VASCULA  CVRS US             0.0       (0.0)       (0.0)
DIPLOMAT PHARMAC  DPLO US           322.7        6.6       (39.9)
DIPLOMAT PHARMAC  7DP TH            322.7        6.6       (39.9)
DIPLOMAT PHARMAC  7DP GR            322.7        6.6       (39.9)
DIRECTV           DTVEUR EU      25,459.0   (4,828.0)    1,860.0
DIRECTV           DTV US         25,459.0   (4,828.0)    1,860.0
DIRECTV           DIG1 GR        25,459.0   (4,828.0)    1,860.0
DIRECTV           DIG1 QT        25,459.0   (4,828.0)    1,860.0
DIRECTV           DTV CI         25,459.0   (4,828.0)    1,860.0
DOMINO'S PIZZA    DPZ US            619.3   (1,219.5)      162.8
DOMINO'S PIZZA    EZV TH            619.3   (1,219.5)      162.8
DOMINO'S PIZZA    EZV GR            619.3   (1,219.5)      162.8
DUN & BRADSTREET  DB5 GR          1,986.2   (1,194.6)     (223.0)
DUN & BRADSTREET  DNB US          1,986.2   (1,194.6)     (223.0)
DURATA THERAPEUT  DRTX US            82.1      (16.1)       11.7
DURATA THERAPEUT  DRTXEUR EU         82.1      (16.1)       11.7
DURATA THERAPEUT  DTA GR             82.1      (16.1)       11.7
EDGEN GROUP INC   EDG US            883.8       (0.8)      409.2
EMPIRE RESORTS I  LHC1 GR            39.9      (17.1)        3.2
EMPIRE RESORTS I  NYNY US            39.9      (17.1)        3.2
ENTELLUS MEDICAL  29E GR             14.0       (8.0)        4.8
ENTELLUS MEDICAL  ENTL US            14.0       (8.0)        4.8
EOS PETRO INC     EOPT US             1.3      (28.4)      (29.5)
EXTENDICARE INC   EXE CN          1,885.0       (7.2)       77.0
EXTENDICARE INC   EXETF US        1,885.0       (7.2)       77.0
FAIRPOINT COMMUN  FRP US          1,466.0     (600.3)       (5.0)
FAIRPOINT COMMUN  FONN GR         1,466.0     (600.3)       (5.0)
FAIRWAY GROUP HO  FGWA GR           372.2      (16.5)       17.9
FAIRWAY GROUP HO  FWM US            372.2      (16.5)       17.9
FERRELLGAS-LP     FGP US          1,680.4     (138.8)      (37.1)
FERRELLGAS-LP     FEG GR          1,680.4     (138.8)      (37.1)
FMSA HOLDINGS IN  FMSAEUR EU      1,447.5      (21.7)      271.3
FMSA HOLDINGS IN  FM1 GR          1,447.5      (21.7)      271.3
FMSA HOLDINGS IN  FMSA US         1,447.5      (21.7)      271.3
FREESCALE SEMICO  1FS GR          3,275.0   (3,581.0)    1,324.0
FREESCALE SEMICO  FSLEUR EU       3,275.0   (3,581.0)    1,324.0
FREESCALE SEMICO  1FS TH          3,275.0   (3,581.0)    1,324.0
FREESCALE SEMICO  FSL US          3,275.0   (3,581.0)    1,324.0
FRESHPET INC      FRPT US            75.3      (43.5)        0.4
FRESHPET INC      7FP GR             75.3      (43.5)        0.4
GAMING AND LEISU  GLPI US         2,564.6     (124.7)       12.7
GAMING AND LEISU  2GL GR          2,564.6     (124.7)       12.7
GARDA WRLD -CL A  GW CN           1,356.8     (243.8)       57.4
GENCORP INC       GCY GR          1,921.6     (170.9)       99.2
GENCORP INC       GCY TH          1,921.6     (170.9)       99.2
GENCORP INC       GY US           1,921.6     (170.9)       99.2
GENTIVA HEALTH    GTIV US         1,225.2     (285.2)      130.0
GENTIVA HEALTH    GHT GR          1,225.2     (285.2)      130.0
GLG PARTNERS INC  GLG US            400.0     (285.6)      156.9
GLG PARTNERS-UTS  GLG/U US          400.0     (285.6)      156.9
GOLD RESERVE INC  GDRZF US           28.0      (10.5)        4.9
GOLD RESERVE INC  GOD GR             28.0      (10.5)        4.9
GOLD RESERVE INC  GRZ CN             28.0      (10.5)        4.9
GRAHAM PACKAGING  GRM US          2,947.5     (520.8)      298.5
GYMBOREE CORP/TH  GYMB US         1,284.0     (321.3)       39.5
HCA HOLDINGS INC  2BH TH         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  HCA US         31,199.0   (6,498.0)    3,450.0
HD SUPPLY HOLDIN  5HD GR          6,523.0     (657.0)    1,396.0
HD SUPPLY HOLDIN  HDS US          6,523.0     (657.0)    1,396.0
HERBALIFE LTD     HOO GR          2,374.9     (334.4)      518.6
HERBALIFE LTD     HLFEUR EU       2,374.9     (334.4)      518.6
HERBALIFE LTD     HOO QT          2,374.9     (334.4)      518.6
HERBALIFE LTD     HLF US          2,374.9     (334.4)      518.6
HOVNANIAN ENT-A   HO3 GR          2,461.4     (130.0)    1,608.3
HOVNANIAN ENT-A   HOV US          2,461.4     (130.0)    1,608.3
HOVNANIAN ENT-B   HOVVB US        2,461.4     (130.0)    1,608.3
HOVNANIAN-A-WI    HOV-W US        2,461.4     (130.0)    1,608.3
HUGHES TELEMATIC  HUTCU US          110.2     (101.6)     (113.8)
IHEARTMEDIA INC   IHRT US        14,306.0   (9,506.2)    1,003.2
INCYTE CORP       ICY TH            830.1      (81.6)      477.7
INCYTE CORP       ICY GR            830.1      (81.6)      477.7
INCYTE CORP       INCY US           830.1      (81.6)      477.7
INFOR US INC      LWSN US         6,778.1     (460.0)     (305.9)
INOVALON HOLDI-A  IOV TH            317.3      (23.4)      156.4
INOVALON HOLDI-A  IOV GR            317.3      (23.4)      156.4
INOVALON HOLDI-A  INOV US           317.3      (23.4)      156.4
INOVALON HOLDI-A  INOVEUR EU        317.3      (23.4)      156.4
INTERCORE INC     ICOR US             3.3       (8.2)      (10.7)
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  JE CN           1,205.7     (539.0)     (119.7)
JUST ENERGY GROU  1JE GR          1,205.7     (539.0)     (119.7)
LEAP WIRELESS     LEAP US         4,662.9     (125.1)      346.9
LEAP WIRELESS     LWI GR          4,662.9     (125.1)      346.9
LEAP WIRELESS     LWI TH          4,662.9     (125.1)      346.9
LEE ENTERPRISES   LEE US            809.3     (167.5)      (12.4)
LORILLARD INC     LO US           3,508.0   (2,182.0)    1,051.0
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
MANNKIND CORP     MNKD US           394.4      (73.8)     (202.2)
MANNKIND CORP     NNF1 TH           394.4      (73.8)     (202.2)
MANNKIND CORP     NNF1 GR           394.4      (73.8)     (202.2)
MARRIOTT INTL-A   MAR US          6,865.0   (2,200.0)   (1,139.0)
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   MAQ QT          6,865.0   (2,200.0)   (1,139.0)
MDC COMM-W/I      MDZ/W CN        1,648.9     (153.6)     (269.3)
MDC PARTNERS-A    MD7A GR         1,648.9     (153.6)     (269.3)
MDC PARTNERS-A    MDCA US         1,648.9     (153.6)     (269.3)
MDC PARTNERS-A    MDZ/A CN        1,648.9     (153.6)     (269.3)
MDC PARTNERS-EXC  MDZ/N CN        1,648.9     (153.6)     (269.3)
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  MIM GR          2,030.0   (2,269.0)      409.0
MICHAELS COS INC  MIK US          2,030.0   (2,269.0)      409.0
MONEYGRAM INTERN  MGI US          4,642.2     (182.7)       48.5
MORGANS HOTEL GR  MHGC US           632.3     (221.3)       89.3
MORGANS HOTEL GR  M1U GR            632.3     (221.3)       89.3
MOXIAN CHINA INC  MOXC US             4.9       (1.2)       (4.0)
MPG OFFICE TRUST  1052394D US     1,280.0     (437.3)        -
NATIONAL CINEMED  NCMI US           991.4     (208.7)       65.2
NATIONAL CINEMED  XWM GR            991.4     (208.7)       65.2
NAVISTAR INTL     NAV US          6,785.0   (4,688.0)      844.0
NAVISTAR INTL     IHR TH          6,785.0   (4,688.0)      844.0
NAVISTAR INTL     IHR GR          6,785.0   (4,688.0)      844.0
NEFF CORP-CL A    NEFF US           612.1     (343.7)       (1.5)
NORTHWEST BIO     NBYA GR            29.4      (31.2)      (41.7)
NORTHWEST BIO     NWBO US            29.4      (31.2)      (41.7)
OMEROS CORP       OMER US            25.3      (26.6)        9.0
OMEROS CORP       3O8 GR             25.3      (26.6)        9.0
OMTHERA PHARMACE  OMTH US            18.3       (8.5)      (12.0)
PALM INC          PALM US         1,007.2       (6.2)      141.7
PATRIOT NATIONAL  PN US             137.0      (38.7)      (25.7)
PBF LOGISTICS LP  PBFX US           394.0     (120.3)       21.8
PBF LOGISTICS LP  11P GR            394.0     (120.3)       21.8
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  PM FP          35,187.0  (11,203.0)      372.0
PHILIP MORRIS IN  PM1 TE         35,187.0  (11,203.0)      372.0
PHILIP MORRIS IN  PM1EUR EU      35,187.0  (11,203.0)      372.0
PHILIP MORRIS IN  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  PG6 GR          1,254.6      (96.7)      204.5
PLY GEM HOLDINGS  PGEM US         1,254.6      (96.7)      204.5
PROTALEX INC      PRTX US             0.8      (10.3)       (0.0)
PROTECTION ONE    PONE US           562.9      (61.8)       (7.6)
PROTEON THERAPEU  PRTO US            24.2        9.6        19.3
QUALITY DISTRIBU  QLTY US           427.8      (31.7)      115.0
QUALITY DISTRIBU  QDZ GR            427.8      (31.7)      115.0
QUINTILES TRANSN  QTS GR          3,305.8     (704.0)      674.2
QUINTILES TRANSN  Q US            3,305.8     (704.0)      674.2
RAYONIER ADV      RYAM US         1,304.7      (63.8)      188.6
RAYONIER ADV      RYQ GR          1,304.7      (63.8)      188.6
REGAL ENTERTAI-A  RGC US          2,539.5     (897.3)     (135.6)
REGAL ENTERTAI-A  RGC* MM         2,539.5     (897.3)     (135.6)
REGAL ENTERTAI-A  RETA GR         2,539.5     (897.3)     (135.6)
RENAISSANCE LEA   RLRN US            57.0      (28.2)      (31.4)
RENTPATH INC      PRM US            208.0      (91.7)        3.6
RETROPHIN INC     RTRX US           135.5      (37.3)      (70.2)
RETROPHIN INC     17R GR            135.5      (37.3)      (70.2)
REVLON INC-A      REV US          1,944.1     (644.1)      308.9
REVLON INC-A      RVL1 GR         1,944.1     (644.1)      308.9
RITE AID CORP     RAD US          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     RTA GR          7,186.0   (1,792.7)    1,895.3
ROUNDY'S INC      4R1 GR          1,089.7      (66.8)       71.8
ROUNDY'S INC      RNDY US         1,089.7      (66.8)       71.8
RURAL/METRO CORP  RURL US           303.7      (92.1)       72.4
RYERSON HOLDING   RYI US          2,006.2      (38.2)      749.5
RYERSON HOLDING   7RY GR          2,006.2      (38.2)      749.5
RYERSON HOLDING   7RY TH          2,006.2      (38.2)      749.5
SALLY BEAUTY HOL  SBH US          2,097.0     (255.6)      753.8
SALLY BEAUTY HOL  S7V GR          2,097.0     (255.6)      753.8
SBA COMM CORP-A   SBJ TH          7,841.1     (660.8)       (4.2)
SBA COMM CORP-A   SBACEUR EU      7,841.1     (660.8)       (4.2)
SBA COMM CORP-A   SBJ GR          7,841.1     (660.8)       (4.2)
SBA COMM CORP-A   SBAC US         7,841.1     (660.8)       (4.2)
SEARS HOLDINGS    SEE GR         13,209.0     (945.0)     (213.0)
SEARS HOLDINGS    SHLD US        13,209.0     (945.0)     (213.0)
SEARS HOLDINGS    SEE TH         13,209.0     (945.0)     (213.0)
SECOND SIGHT MED  EYESEUR EU          9.6      (19.5)        4.4
SECOND SIGHT MED  EYES US             9.6      (19.5)        4.4
SECOND SIGHT MED  24P GR              9.6      (19.5)        4.4
SEQUENOM INC      SQNM US           161.1      (31.2)       65.7
SEQUENOM INC      QNMA TH           161.1      (31.2)       65.7
SEQUENOM INC      QNMA GR           161.1      (31.2)       65.7
SILVER SPRING NE  9SI TH            548.2     (133.8)       78.4
SILVER SPRING NE  9SI GR            548.2     (133.8)       78.4
SILVER SPRING NE  SSNI US           548.2     (133.8)       78.4
SIRIUS XM CANADA  SIICF US          336.0      (91.2)     (159.5)
SIRIUS XM CANADA  XSR CN            336.0      (91.2)     (159.5)
SPORTSMAN'S WARE  06S GR            315.7      (35.0)       83.3
SPORTSMAN'S WARE  SPWH US           315.7      (35.0)       83.3
SUPERVALU INC     SJ1 GR          5,078.0     (647.0)      277.0
SUPERVALU INC     SJ1 TH          5,078.0     (647.0)      277.0
SUPERVALU INC     SVU US          5,078.0     (647.0)      277.0
THERAVANCE        THRX US           521.7     (223.3)      238.4
THERAVANCE        HVE GR            521.7     (223.3)      238.4
THRESHOLD PHARMA  NZW1 GR            68.4      (24.0)       40.7
THRESHOLD PHARMA  THLD US            68.4      (24.0)       40.7
TOWN SPORTS INTE  CLUB US           409.8     (118.1)       52.3
TRANSDIGM GROUP   T7D GR          6,913.6   (1,464.7)    1,231.3
TRANSDIGM GROUP   TDG US          6,913.6   (1,464.7)    1,231.3
TRINET GROUP INC  TN3 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 TH             86.4      (19.9)        2.4
UNILIFE CORP      UNIS US            86.4      (19.9)        2.4
UNILIFE CORP      4UL GR             86.4      (19.9)        2.4
UNISYS CORP       USY1 GR         2,348.7   (1,452.4)      319.6
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       UISEUR EU       2,348.7   (1,452.4)      319.6
UNISYS CORP       USY1 TH         2,348.7   (1,452.4)      319.6
VENOCO INC        VQ US             756.5     (100.0)     (762.9)
VERISIGN INC      VRS GR          2,154.9     (883.5)     (429.9)
VERISIGN INC      VRS TH          2,154.9     (883.5)     (429.9)
VERISIGN INC      VRSN US         2,154.9     (883.5)     (429.9)
VERIZON TELEMATI  HUTC US           110.2     (101.6)     (113.8)
VIRGIN MOBILE-A   VM US             307.4     (244.2)     (138.3)
WEIGHT WATCHERS   WTW US          1,515.2   (1,384.3)       50.7
WEIGHT WATCHERS   WW6 GR          1,515.2   (1,384.3)       50.7
WEIGHT WATCHERS   WW6 QT          1,515.2   (1,384.3)       50.7
WEIGHT WATCHERS   WTWEUR EU       1,515.2   (1,384.3)       50.7
WEIGHT WATCHERS   WW6 TH          1,515.2   (1,384.3)       50.7
WEST CORP         WSTC US         3,818.1     (659.6)      369.8
WEST CORP         WT2 GR          3,818.1     (659.6)      369.8
WESTMORELAND COA  WLB US          1,829.6     (349.4)      (13.1)
WESTMORELAND COA  WME GR          1,829.6     (349.4)      (13.1)
WESTMORELAND RES  2OR1 GR           204.0      (14.2)      (57.7)
WESTMORELAND RES  WMLP US           204.0      (14.2)      (57.7)
XERIUM TECHNOLOG  TXRN GR           594.0      (74.1)       97.7
XERIUM TECHNOLOG  XRM US            594.0      (74.1)       97.7
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 ***