TCR_Public/150318.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, March 18, 2015, Vol. 19, No. 77

                            Headlines

190 SOUTH STREET: Case Summary & 7 Largest Unsecured Creditors
4519922 CANADA: April 10 Set as Claims Bar Date
ABERDEEN LAND: Court Dismisses Chapter 11 Bankruptcy Case
ACCELPATH INC: Amends Dec. 31 Quarter Report
ALEXZA PHARMACEUTICALS: Reports $36.7 Million Loss for 2014

ALEXZA PHARMACEUTICALS: To Issue 250,000 Shares Under Plans
ALLIANCE ONE: S&P Cuts CCR to B-, Placed on CreditWatch Negative
ALLIED NEVADA: Court Issues Joint Administration Order
ALTEGRITY INC: US Trustee Forms Creditors' Committee
AMATO'S NURSERY: Voluntary Chapter 11 Case Summary

AMERICAN SPECTRUM: Case Summary & 20 Largest Unsecured Creditors
AMERICAN SPECTRUM: Files for Chapter 11 Protection
AWB INTERESTS: Case Summary & 3 Largest Unsecured Creditors
BERNARD L MADOFF: Trustee Wants Court to Review Safe Harbor Ruling
BG MEDICINE: Receives Non-Compliance Notice From NASDAQ

BLACKSANDS PETROLEUM: Incurs $811K Net Loss in Jan. 31 Qtr.
BRILLIANT INSTRUMENTS: Case Summary & 13 Top Unsecured Creditors
CAMBRIDGE AT HARBOURVIEW: Case Summary & 4 Top Unsec. Creditors
CONSTAR INTERNATIONAL: Seeks May 12 Extension of Plan Filing Date
DAEBO INT'L: Seeks U.S. Recognition of Korean Proceedings

DUNE ENERGY: Asks for Approval for Donald Martin as CRO
DUNE ENERGY: Can Employ Prime Clerk as Claims & Noticing Agent
DUNE ENERGY: Proposes Hanes and Boon as Bankruptcy Attorneys
DUNE ENERGY: Section 341(a) Meeting Scheduled for April 14
DVORKIN HOLDINGS: Case Transferred to Judge Goldgar

EDENOR SA: Temporary Increase in Earnings Approved
ERF WIRELESS: Issues 71.5 Million Common Shares
ESCO MARINE: Secured Lender Seeks Appointment of Chap. 11 Trustee
EVANS & SUTHERLAND: To Issue 2.7MM Shares Under Incentive Plan
FANNIE MAE & FREDDIE MAC: Updated Conservatorship Litigation Chart

FIRST NATIONAL: Posts $13.4 Million Net Income for 2014
FIRST QUANTUM: S&P Lowers CCR to 'B'; Outlook Negative
FORESIGHT ENERGY: Moody's Reviews 'B2' CFR for Upgrade
FOURTH QUARTER: Court Okays Jackson Hole as Real Estate Appraiser
FREEDOM INDUSTRIES: Ex-Owner Pleads Guilty in Chemical Spill Case

GLOBALCOR ASSOCIATES: Voluntary Chapter 11 Case Summary
GOURMET EXPRESS: Case Summary & 20 Largest Unsecured Creditors
GOURMET EXPRESS: Frozen-Meal Maker Files for Bankruptcy
HEI INC: Proposes CBRE as Broker for Minnesota Property
HIPCRICKET INC: Creditors' Panel Hires Cooley LLP as Lead Counsel

HIPCRICKET INC: Creditors' Panel Hires Pepper Hamilton as Counsel
HIPCRICKET INC: Creditors' Panel Taps Getzler Henrichas Advisor
HYDGROCARB ENERGY: Delays Form 10-Q for Jan. 31 Quarter
IMS HEALTH: Moody's Rates EUR275MM Notes 'B3' & Affirms 'B1' CFR
IMS HEALTH: S&P Assigns 'B+' Rating on EUR275MM Sr. Unsec. Notes

INFOR INC: Moody's Assigns B3 Ratings to New Sr. Unsecured Notes
INFOR INC: S&P Affirms 'B' Corp. Credit Rating
JOHN D. OIL: Seeks $4 Million Loan from Private Capital
K.M. VILLAS: Case Summary & 7 Largest Unsecured Creditors
KINROSS GOLD: Moody's Lowers Sr. Unsecured Rating to 'Ba1'

LEHMAN BROTHERS: Ernst & Young Settles Suits with NJ, Calif. Munis
LIFE PARTNERS: Hires Alexander Dubose as Litigation Counsel
LIFE PARTNERS: Hires Hudson & Calleja as Litigation Counsel
LIFE PARTNERS: Hires Mackenzie as Special Litigation Counsel
LIFE PARTNERS: Names Douglas Berman as Special Securities Counsel

LIFE PARTNERS: Taps Meadows Collier as Special Tax Counsel
LIFE PARTNERS: Taps Meyer Unkovic as Special Litigation Counsel
LONGVIEW POWER: Court Confirms Reorganization Plan
LYNX AT RIVER BEND: Case Summary & 20 Largest Unsecured Creditors
MAGNESIUM CORP: Judge Tacks on 6% Interest to Renco Jury Award

MCCLATCHY CO: Reports $374 Million Net Income for 2014
MEDICAL CARD: S&P Affirms 'B-' Counterparty Credit Ratings
MURRAY ENERGY: Moody's Reviews 'B3' CFR for Upgrade
PARK FLETCHER: April 13 Hearing on Motion to Use Cash Collateral
PETTERS CO: Chap. 11 Trustee Taps RPA as Financial Advisor

PETTERS COMPANY: Chapter 11 Trustee Hires AEC as Appraiser
PHARMACYTE BIOTECH: Incurs $1.4 Million Net Loss for Jan. 31 Qtr.
PLATTSBURGH SUITES: Amends List of Top Unsecured Creditors
PROCTOR-INDUSTRY: Voluntary Chapter 11 Case Summary
QUICKSILVER RESOURCES: Case Summary & 30 Top Unsecured Creditors

QUICKSILVER RESOURCES: Crestwood to Cooperate in Restructuring
QUICKSILVER RESOURCES: Files for Chapter 11 Bankruptcy
QUICKSILVER RESOURCES: To Limit Trading to Protect NOLs
QUICKSILVER RESOURCES: To Pay $5.8MM to Critical Vendors
REDF MARKETING: Court Rejects Bid to Dismiss Suit v. North Carolina

RENAULT WINERY: Proposes Sharer Petree as Accountant
RETROPHIN INC: Amends 2014 Annual Report to Correct Disclosure
ROSENSTEIN PROPERTIES: Case Summary & 7 Top Unsecured Creditors
SABINE OIL: To Face Noteholder Attys in Change-of-Control Suit
SAGE AUTOMOTIVE: S&P Assigns 'B' CCR; Outlook Stable

SHASTA ENTERPRISES: Has Access to Cash Collateral Until June 30
SIDEWINDER DRILLING: S&P Lowers CCR to 'CCC+'; Outlook Negative
SIGA TECHNOLOGIES: March 30 Fixed as Proofs of Claims Bar Date
SOBELMAR ANTWERP: Commences Chapter 11 Reorganization
SPIG INDUSTRY: Case Summary & 20 Largest Unsecured Creditors

SPIG INDUSTRY: Files for Ch. 11 with $12MM in Debt
SPIG INDUSTRY: Proposes Copeland as Bankruptcy Counsel
TOWN SPORTS: Moody's Lowers CFR to 'B3', Outlook Stable
TOWNSQUARE MEDIA: S&P Assigns 'B' Corp. Credit Rating
TRANSGENOMIC INC: Orin Hirschman Holds 8.8% Stake as of March 11

VOYA FINANCIAL: Fitch Raises Jr. Subordinated Debt Rating to BB+
VULCAN MATERIALS: Moody's Rates $400MM Sr. Unsecured Notes 'Ba3'
VULCAN MATERIALS: S&P Rates $400-Mil. Sr. Unsecured Notes 'BB+'
WASHINGTON PRIME: Moody's Affirms 'Ba1' Preferred Stock Rating
WET SEAL: Court Sets April 10 as Claims Bar Date

WINLAND OCEAN: March 20 Hearing on Further Use of Cash Collateral
YELLOW CAB OF RENO: May File for Bankruptcy Over Disabilities Suit
YMCA MILWAUKEE: Seeks Court Order Closing Bankruptcy Cases
[*] Moody's Identifies Warning Signs of Troubled Companies
[*] Moody's Publishes New Bank Rating Methodology


                            *********

190 SOUTH STREET: Case Summary & 7 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: 190 South Street Realty Holdings, L.P.
        190 South Street
        Morristown, NJ 07962

Case No.: 15-14558

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 16, 2015

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

Judge: Hon. Vincent F. Papalia

Debtor's Counsel: Morris S. Bauer, Esq.
                  NORRIS MCLAUGHLIN & MARCUS, PA
                  PO Box 5933
                  Bridgewater, NJ 08807-5933
                  Tel: (908) 722-0700
                  Fax: 908-722-0755
                  Email: msbauer@nmmlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lawrence S. Berger, president of general
partner.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/njb15-14558.pdf


4519922 CANADA: April 10 Set as Claims Bar Date
-----------------------------------------------
The Superior Court of Justice in Canada set April 10, 2015, as
deadline for creditors to file proofs of claim against 4519922
Canada Inc.  All claims must be filed with Ernst & Young Inc.
Claimants may also obtain the proof of claim document package from
the case website, or by contacting the Monitor at 1-855-941-7745 or
by email atcoopers.monitor@ca.ey.com.


ABERDEEN LAND: Court Dismisses Chapter 11 Bankruptcy Case
---------------------------------------------------------
The Hon. Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida granted the request of Aberdeen Land II LLC for
voluntary dismissal of its Chapter 11 bankruptcy case.

Judge Funk cancelled the hearing on a motion to convert the case to
a Chapter 7 liquidation proceeding, which is scheduled for March
30, 2015.

As reported in the Troubled Company Reporter on Sept. 16, 2014,
Paul J. Battista, Esq., at Genovese Joblove & Battista, P.A., in
Ft. Lauderdale, Florida -- pbattista@gjb-law.com -- contended that
despite all of the Debtor's good faith efforts over the course of
14 months in Chapter 11, the Debtor has recently reached two
unfortunately, but important, conclusions:

    (i) that it is unable to advance a consensual plan of
        reorganization with the support of its major creditor
        constituencies; and

   (ii) that advancing a non-consensual plan of reorganization at
        this point in the Chapter 11 proceedings is not and will
        not be feasible.

As a result, the Debtor believes that the best course of action
for its creditors and parties in interests taken as a whole is to
dismiss the Chapter 11 case and allow the various creditor
constituencies to proceed in state court to exercise their
respective rights and remedies.

As is evidenced by the substantial time and effort expended by the
Debtor and its professionals over the course of the Chapter 11
case, the Debtor does not come to this conclusion lightly, Mr.
Battista notes.  However, he avers, the circumstances of the
Chapter 11 case, as they have developed and crystallized over the
past 14 months, clearly warrant dismissal over any other
alternative.

The Debtor said it understands that dismissal of the case will be
supported by the Aberdeen Community Development District, the
Indenture Trustee and D.R. Horton, as the majority bondholder, each
of whom the Debtor anticipates will join in this Motion.

Mr. Battista also asserted that conversion of the case to a case
under Chapter 7 is not in the best interest of creditors or the
estate as a whole because the present value of its property, which
is comprised of vacant undeveloped land, does not exceed the debt
owed to the CDD, especially when statutory penalties are included.
He added that if the case is converted to Chapter 7, then the CDD
would be entitled to seek and obtain relief from the automatic stay
in order to re-schedule the Foreclosure Sale of the Property stayed
by the bankruptcy filing and, thereby, trump any ability on the
part of a Chapter 7 trustee to liquidate the Property for the
benefit of the senior secured creditors.

                      About Aberdeen Land II

Aberdeen Land II, LLC, doing business as Aberdeen, owns a
1,316-acre master- planned community near Jacksonville, Florida.
The project is designed for 1,623 single-family homes and 395
multi-family units.  More than 1,000 units have been sold, leaving
Aberdeen with 856 undeveloped lots and 28.1 acres zoned for
commercial or residential use.

Aberdeen filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
13-04103) on July 1, 2013, in Jacksonville, Florida.  The Debtor
has tapped Genovese Joblove & Battista, P.A., as counsel, Kapila &
Company as accountant, Kellerhals Ferguson Fletcher Kroblin, PLLC,
as special counsel, and Fishkind & Associates as expert
consultants.

Aberdeen owes $24 million in bonds that financed the project and
more than $20 million to secured lenders with mortgages on the
property.

In its amended schedules, the Debtor disclosed $41.2 million in
assets and $31.2 million in liabilities as of the petition date.

No creditors' committee was appointed in the case.

The Debtor filed a motion for voluntary dismissal of its Chapter 11
case on Sept. 3, 2014.

BBX Capital Asset Management, LLC, filed a motion to convert the
case to Chapter 7 liquidation.  BBX said the plan support agreement
has been breached, the confirmation hearing has been canceled and
the Debtor now claimed that it no longer has the
ability to confirm a plan.


ACCELPATH INC: Amends Dec. 31 Quarter Report
--------------------------------------------
AccelPath, 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 at http://is.gd/p9JQon

The Company disclosed a net loss of $595,000 on $18,080 of revenues
for the three months ended Dec. 31, 2014, compared to a net loss of
$726,000 on $54,000 of revenues for the same period in the prior
year.

The Company's balance sheet at Dec. 31, 2014, showed $2.43 million
in total assets, $4.11 million in total liabilities, and a
stockholders' deficit of $1.68 million.

The Company had a net loss applicable to common shareholders of
$1.14 million for the six months ended Dec. 31, 2014 and a net loss
applicable to common shareholders of $2.51 million for the year
ended June 30, 2014.  Further, the Company had a working capital
deficit of $3.91 million.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.   
                         
                         About AccelPath

Gaithersburg, Md.-based AccelPath has two primary businesses:
AccelPath, LLC, and Digipath Solutions, LLC, are in the business
of enabling pathology diagnostics and Technest, Inc. (a 49% owned
subsidiary) is in the business of the design, research and
development, integration, sales and support of three- dimensional
imaging devices and systems.

The Company reported a net loss of $546,000 on $40,500 of revenues

for the three months ended Sept. 30, 2014, compared to a net loss
of
$351,000 on $54,000 of revenues for the three months ended Sept.
30,
2013.

As of Sept. 30, 2014, the Company had $71,800 in total assets,
$3.04 million in total liabilities and a $2.97 million total
stockholders' deficit.


ALEXZA PHARMACEUTICALS: Reports $36.7 Million Loss for 2014
-----------------------------------------------------------
Alexza Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $36.7 million on $5.56 million of total revenues for the
year ended Dec. 31, 2014, compared to a net loss of $39.6 million
on $47.8 million of total revenues for the year ended Dec. 31,
2013.

As of Dec. 31, 2014, Alexza had $61.6 million in total assets, $113
million in total liabilities, and a $51.7 million total
stockholders' deficit.

Ernst & Young LLP, in Redwood City, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going
concern.

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

                         http://is.gd/QGDqKL

                            About Alexza

Mountain View, California-based Alexza Pharmaceuticals, Inc., was
incorporated in the state of Delaware on Dec. 19, 2000, as FaxMed,
Inc.  In June 2001, the Company changed its name to Alexza
Corporation and in December 2001 became Alexza Molecular Delivery
Corporation.  In July 2005, the Company changed its name to Alexza
Pharmaceuticals, Inc.

The Company is a pharmaceutical development company focused on the
research, development, and commercialization of novel proprietary
products for the acute treatment of central nervous system
conditions.


ALEXZA PHARMACEUTICALS: To Issue 250,000 Shares Under Plans
-----------------------------------------------------------
Alexza Pharmaceuticals, Inc., filed a Form S-8 registration
statement with the Securities and Exchange Commission for the
purpose of registering an additional (i) 100,000 shares of the
Company's common stock to be issued pursuant to the Company's 2005
Equity Incentive Plan; (ii) 75,000 shares of the Company's Common
Stock to be issued pursuant to the Company's 2005 Employee Stock
Purchase Plan; and (iii) 75,000 shares of the Company's Common
Stock to be issued pursuant to the Company's 2005 Non-Employee
Directors' Stock Option Plan.  A full-text copy of the prospectus
is available at http://is.gd/ZMMGge

                            About Alexza

Mountain View, California-based Alexza Pharmaceuticals, Inc., was
incorporated in the state of Delaware on Dec. 19, 2000, as FaxMed,
Inc.  In June 2001, the Company changed its name to Alexza
Corporation and in December 2001 became Alexza Molecular Delivery
Corporation.  In July 2005, the Company changed its name to Alexza
Pharmaceuticals, Inc.

The Company is a pharmaceutical development company focused on the
research, development, and commercialization of novel proprietary
products for the acute treatment of central nervous system
conditions.

Alexza Pharmaceuticals reported a net loss of $36.7 million in 2014
compared to a net loss of $39.6 million in 2013.  As of Dec. 31,
2014, Alexza had $61.6 million in total assets, $113 million in
total liabilities, and a $51.7 million total stockholders'
deficit.

Ernst & Young LLP, in Redwood City, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


ALLIANCE ONE: S&P Cuts CCR to B-, Placed on CreditWatch Negative
----------------------------------------------------------------
Standard & Poor's Ratings Services lowered all of its ratings on
Morrisville, N.C.-based Alliance One International Inc. (AOI),
including the corporate credit rating to 'B-' from 'B'.

At the same time, S&P lowered its issue-level ratings on the
company's $210.3 million revolving line of credit to 'B+' from
'BB-', and lowered the ratings on the company's $790 million in
senior second-lien notes to 'CCC+' from 'B-'.  The recovery ratings
remain '1' and '5', respectively, indicating S&P's expectation of
very high (90%-100%) and modest (at the low end of the 10%-30%
range) recovery, respectively, in the event of a payment default.

S&P is placing the ratings on CreditWatch with negative
implications, which means S&P could either lower or affirm its
ratings after it completes its review.

"The downgrade reflects AOI's weaker-than-expected operating
performance, which has resulted in credit ratios well below levels
we had previously anticipated," said Standard & Poor's credit
analyst Brennan Clark.  "Even though we expect performance in the
fourth quarter (ending March 31, 2015) to improve meaningfully,
since a significant amount of delayed tobacco leaf volume should
ship in the quarter, we don't believe it will be sufficient to
reach our prior forecast."

AOI is on CreditWatch with negative implications.  Standard &
Poor's had previously anticipated that conditions in the tobacco
leaf industry would improve due to lower green leaf costs,
particularly in South America.  While this has occurred, tobacco
leaf shipments have been well below normal levels.  It is S&P's
understanding that tobacco manufacturers typically hold around two
years' supply of tobacco leaf in their inventory.  Given this, the
industry's oversupply conditions, and reduced consumer demand,
manufacturers have been able to defer shipments.



ALLIED NEVADA: Court Issues Joint Administration Order
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware issued an
order directing joint administration of the Chapter 11 cases of
Allied Nevada Gold Corp. and its debtor affiliates under lead case
no. 15-10503 for procedural purposes only.

                        About Allied Nevada

Allied Nevada Gold Corp. ("ANV"), a Delaware corporation, is a
publicly traded U.S.-based gold and silver producer engaged in
mining, developing and exploring properties in the State of
Nevada.
ANV's common stock trades on the NYSE and the TSX.

ANV was spun off from Vista Gold Corp. in 2006 and began
operations
in May 2007.  Nevada-based mining properties acquired from Vista
include the Hycroft Mine, an open-pit heap leach operation located
54 miles west of Winnemucca, Nevada.  ANV controls 75 exploration
properties throughout Nevada as of Dec. 31, 2014,

On March 10, 2015, ANV and 13 affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the United
States
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  The Debtors have requested that their cases
be jointly administered under Case No. 15-10503.  The cases are
assigned to Judge Mary F. Walrath.

The Debtors have tapped Blank Rome LLP and Akin Gump Strauss Hauer
& Feld LLP as attorneys; FTI Consulting Inc. as financial advisor;
Moelis & Company as financial advisor; and Prime Clerk LLC as
claims and noticing agent.

ANV disclosed $941 million in total assets and $664 million in
total debt as of Dec. 31, 2014.


ALTEGRITY INC: US Trustee Forms Creditors' Committee
----------------------------------------------------
The U.S. Trustee for Region 3 appointed six creditors of Altegrity
Inc. to serve on the official committee of unsecured creditors:

     (1) BOK Financial
         Indenture Trustee for 11.75%
         Senior Subordinated Notes
         Attn: George F. Kubin
         1600 Broadway, 3rd Floor
         Denver, CO 80202
         Phone: 303-864-7206
         Fax: 303-864-7219

     (2) Insight Direct USA Inc.
         Attn: Jason Steiner
         6820 S. Harl Ave.
         Tempe, AZ 85284
         Phone: 480-409-6859
         Fax: 480-760-7892

     (3) JLP Credit Opportunity Master Fund Ltd.
         c/o Phoenix Investment Adviser LLC
         Attn: Jeffrey Schultz
         420 Lexington Ave., Ste. 2040
         New York, NY 10170
         Phone: 212-359-6235

     (4) VMWare, Inc.
         c/o CJ Teasley
         2 Penn Plaza, 18th Floor
         New York, NY 10121
         Phone: 650-427-8296

     (5) Delaware Trust Company
         Indenture Trustee for 12% Senior Notes
         Attn: Sandra E. Horwitz
         2711 Centerville Rd.
         Wilmington, DE 19808
         Phone: 877-374-6010 x 62412
         Fax: 302-636-8666

     (6) Angela Rodriguez
         11591 New Zealand Street  
         Cypress, CA 90630
         Phone 714-931-1206

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

                        About Altegrity Inc.

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

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

M. Natasha Labovitz, Esq., Jasmine Ball, Esq., and Craig A.
Bruens, Esq., at Debevoise & Plimpton LLP serve as the Debtors'
counsel.  Joseph M. Barry, Esq., Ryan M. Bartley, Esq., and Edmon
L. Morton, Esq., at Young, Conaway, Stargatt & Taylor, LLP, act as
the Debtors' Delaware and conflicts counsel.  

Stephen Goldstein and Lloyd Sprung, at Evercore Group, LLC, are the
Debtors' investment bankers.  Kevin M. McShea and Carrianne J. M.
Basler, at Alixpartners LLP serve as the Debtors' restructuring
advisors.  Prime Clerk LLC is the Debtors' claims and noticing
agent.  PricewaterhouseCoopers LLP serves as the Debtors'
independent auditors.


AMATO'S NURSERY: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Amato's Nursery & Landscape Co., Inc.
        47 Deans Rhode Hall Rd
        Monmouth Jct., NJ 08852

Case No.: 15-14520

Chapter 11 Petition Date: March 16, 2015

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

Judge: Hon. Christine M. Gravelle

Debtor's Counsel: Robert C. Nisenson, Esq.
                  ROBERT C. NISENSON, LLC
                  10 Auer Court, Suite E
                  East Brunswick, NJ 08816
                  Tel: (732) 238-8777
                  Fax: (732) 238-8758
                  Email: rnisenson@aol.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Peter Amato, president.

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


AMERICAN SPECTRUM: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: American Spectrum Realty, Inc.
        2401 Fountain View, Suite 750
        Houston, TX 77057

Case No.: 15-31514

Type of Business: Real Estate

Chapter 11 Petition Date: March 16, 2015

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

Judge: Hon. Letitia Z. Paul

Debtor's Counsel: Richard L Fuqua, II, Esq.
                  FUQUA & ASSOCIATES, PC
                  5005 Riverway, Ste. 250
                  Houston, TX 77056
                  Tel: 713-960-0277
                  Email: fuqua@fuquakeim.com

Total Assets: $344.5 million

Total Debts: $347.2 million

The petition was signed by James Hurn, vice president & general
counsel.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
D&A Dally Mortgage Fund III, LP                       $20,071,241
c/o Dunham & Assoc Invstment
10251 Vista Sorrento Pky #200
San Diego, CA 92121

Allen Matkins Leck Gamble Mallory     ASDP               $835,305
515 South Figueroa St, 7th Floor
Los Angeles, CA 90071-3398

Faubus Keller LLP                     ASROP              $500,000
1001 Texas Avenue, 11th Floor
Houston, TX 77002

CIGNA HealthCare                      ASMG               $130,848

First Insurance Funding Corp.         ASROP              $102,395

Gainer Donnelly & Desroches           ASROP              $101,452

Polsinelli Shughart PC                ASROP               $64,793

EEPB, P.C.                            ASROP               $55,500

Thompson & Knight LLP                 ASROP               $55,007

Tracy Thomson                         ASROP               $55,000

Carr, Riggs, & Ingram, LLC            ASROP               $53,896

Donovan & Watkins, LP                 ASMG                $45,453

Employment Development                ASMG                $41,768
Department

American Spectrum REIT 1, Inc.        ASRA                $41,254

Stacey F. Speier                      ASROP               $37,000

Patrick D. Barrett                    ASROP               $31,949

Jerry Love CPA, LLC                   ASROP               $31,117

Bammelbelt, LP                        ASROP               $30,130

American Express                      ASMG                $28,437

Polsinelli Shughart PC                ASRM                $26,396


AMERICAN SPECTRUM: Files for Chapter 11 Protection
--------------------------------------------------
American Spectrum Realty, Inc., filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 15-31514) in Houston, Texas, on March 16, 2015,
a month after creditors submitted an involuntary petition to send
American Spectrum to bankruptcy.

The Company disclosed $345 million in total assets and $347 million
in debt as of March 16, 2015.

The case is assigned to Judge Letitia Z. Paul

The Debtor has tapped Richard L Fuqua, II, Esq., at Fuqua &
Associates, PC, in Houston, as counsel.

In February this year, alleged creditors -- namely D&A Daily
Mortgage Fund III, L.P., D&A Semi-Annual Mortgage Fund
III, L.P., and D&A Intermediate-Term Mortgage Fund III, L.P. --
filed an involuntary petition and immediately filed a motion for
the appointment of a Chapter 11 trustee to take over management of
the Debtor.

"The involuntary petition which commenced the case was necessitated
by the Debtor's admitted failure to pay debts as they have come
due, including substantial sums owed to Petitioning Creditors, the
Debtor's overall insolvency, numerous pending lawsuits, judgments
and foreclosure proceedings against the Debtor and its
subsidiaries, serious concerns raised about the deteriorating
financial condition of the Debtor, the gross mismanagement,
including but not limited to issues of self-dealing, commingling of
assets, and misappropriations by the Debtor's President and CEO,
the Debtor's failure to meet SEC reporting requirements, and the
Debtor's failure to call a special meeting of the Series B
shareholders to replace management despite the Debtor's duty and
the Petitioning Creditors' demand to do so," D&A's counsel, Melissa
Davis Lowe, Esq., at Shulman Hodges & Bastian LLP, told the Court.

According to D&A, the Debtor's consolidated financials for Dec. 31,
2013 show total assets of nearly $400 million and total revenues of
over $42 million.  Unfortunately, the Debtor had a net loss of over
$14 million in 2013 and serious cash flow issues with only $112,000
in cash at the end of 2013.  In 2013 alone, the Debtor lost three
properties to foreclosure.  Despite this, it increased its accounts
payable from $7.458 million in 2012 to $8.87 million in 2013.

                  About American Spectrum Realty

American Spectrum Realty, Inc. -- http://www.asrmanagement.com/--

is a real estate investment company that owns, through an
operating
partnership, interests in office, industrial/commercial, retail,
self-storage, retail, multi-family properties and undeveloped land
throughout the United States.  American Spectrum Management Group,
Inc., a wholly-owned subsidiary of the Company, manages and leases
all properties owned by American Spectrum Realty, Inc. as well as
for third-party clients, totaling 7 million square feet in
multiple
states.  American Spectrum Realty was formed in 2000 and began
publicly trading on the New York Stock Exchange in 2001.

Alleged creditors -- namely, D&A Daily Mortgage Fund III, L.P.,
D&A
Semi-Annual Mortgage Fund III, L.P., and D&A Intermediate-Term
Mortgage Fund III, L.P. -- filed an involuntary Chapter 11
petition
for American Spectrum in Santa Ana, California, on Feb. 13, 2015
(Bankr. C.D. Cal. Case No. 15-10721).

The involuntary case is assigned to Judge Scott C Clarkson.

James C Bastian, Jr., Esq., and Melissa Davis Lowe, Esq., at
Shulman Hodges & Bastian LLP, in Irvine, California, serve as
counsel to the Petitioning Creditors.

American Spectrum has affiliates that have pending bankruptcy
cases.  One of them is Verdugo, LLC, a single asset real estate
that filed a Chapter 11 bankruptcy petition (Bank. C.D. Cal. Case
No. 15-10701) on Feb. 12, 2015.  The Debtor estimated assets of $10
million to $50 million and liabilities of $1 million to $10
million.  Judge Scott C. Clarkson presides over the case.


AWB INTERESTS: Case Summary & 3 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: AWB Interests Marine, LLC
        2101 Cedar Springs Road, Suite 1875
        Dallas, TX 75201

Case No.: 15-31111

Chapter 11 Petition Date: March 16, 2015

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

Judge: Hon. Harlin DeWayne Hale

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

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Wade Black, sole member.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/txnb15-31111.pdf


BERNARD L MADOFF: Trustee Wants Court to Review Safe Harbor Ruling
------------------------------------------------------------------
Irving H. Picard, SIPA Trustee for the liquidation of Bernard L.
Madoff Investment Securities LLC, on March 17 disclosed that it
filed a petition for a writ of certiorari with the Supreme Court of
the United States, seeking a review of the December 8, 2014 Second
Circuit decision which bars the SIPA Trustee from recovering and
distributing almost $2 billion to the victims of Madoff's Ponzi
scheme and calls into question an additional $2 billion of
potential recoveries and distributions.

The Second Circuit's decision upheld a ruling by a lower court
which dismissed the SIPA Trustee's complaints against certain "net
winners" in the Madoff fraud -- BLMIS customers who reaped
"profits" from the Ponzi scheme by withdrawing more than they put
in -- and held that these defendants were exempt from the
longstanding precedents in bankruptcy law and the Securities
Investor Protection Act (SIPA), which hold that stolen cash can be
recovered by a SIPA Trustee and must be distributed equitably among
eligible claimants.

Certain "net winner" defendants asserted that since BLMIS was a
stockbroker, their Ponzi scheme "profits" were protected under
Bankruptcy Code section 546(e), the "safe harbor" defense, which
protects transfers relating to securities transactions. These
defendants, using this so-called "stockbroker defense," alleged
that their Ponzi scheme profits qualified for protection under
section 546(e), even though no securities transactions occurred and
the "profits" are nothing more than funds stolen from other BLMIS
victims.

Noting the repercussions of the Second Circuit's ruling, which
precludes the recovery and distribution of $2 billion and calls
into question $2 billion more of funds stolen by Madoff, the SIPA
Trustee's petition states, "The Second Circuit's ruling in this
case extends the stockbroker defense to encompass cash-for-cash
transactions, in which no securities were ever bought or sold.  The
repercussions of that ruling for this case alone are profound . . .
The Second Circuit's ruling moreover sweeps in a broad array of
cases involving insolvent brokers, gutting SIPA in the process."

"This Court should grant certiorari to clarify the applicability of
the stockbroker defense in such cases.  Denying review would only
perpetuate confusion and uncertainty at a time when investors can
afford neither," said Goldstein & Russell Partner Thomas C.
Goldstein, Lead Appellate Special Counsel to the SIPA Trustee.

In addition, Mr. Goldstein said, "Congress did not write the
stockbroker defense to address a case like this one, in which there
were no securities transactions to unwind.  Put another way,
Congress obviously did not intend to protect the beneficiaries of a
Ponzi scheme.  Recovering funds paid to BLMIS customers who
received fictitious profits from Madoff's massive fraud would not
create ripple effects through the marketplace.  To the contrary, it
would facilitate the herculean task of achieving equity for the
victims of his fraud."

[Tues]day's filing asks the Supreme Court to review the following
questions:

(1) Does the "stockbroker defense" in the Bankruptcy Code, 11
U.S.C. Sec. 546(e), apply to payments that involve only fictitious
securities transactions?

(2) Is the application of the "stockbroker defense" in the
Bankruptcy Code, 11 U.S.C. Sec. 546(e), to payments that involve
only fictitious securities transactions barred as inconsistent with
the Securities Investor Protection Act, 15 U.S.C. Sec. 78fff(b)?

In addition to Mr. Goldstein, the SIPA Trustee would like to thank
the attorneys who worked on his behalf on this petition including:
David J. Sheehan, Tracy L. Cole, Thomas D. Warren, and Seanna R.
Brown of Baker Hostetler LLP and Tejinder Singh of Goldstein &
Russell.

Further information on the ongoing Madoff Recovery Initiative and a
copy of the SIPA Trustee's writ of certiorari filing can be found
on the SIPA Trustee's website: www.madofftrustee.com

                    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 in Jan. 15, 2015, totaled $322 million
and brought 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.



BG MEDICINE: Receives Non-Compliance Notice From NASDAQ
-------------------------------------------------------
BG Medicine, Inc., received on March 10, 2015, written notice from
the Listing Qualifications Department of The NASDAQ Stock Market
LLC indicating that, because the Company did not maintain a minimum
closing bid price of $1.00 and did not meet the minimum $2.5
million in stockholders' equity, as required by NASDAQ Listing
Rules 5550(a)(2) and 5550(b)(1), respectively, the Company's common
stock would be subject to delisting unless it timely requests a
hearing before the NASDAQ Listing Qualifications Panel.

The Company said it will request such a hearing, at which the
Company will request an extension within which to pursue its plan
to regain and maintain compliance with all applicable requirements
for continued listing on NASDAQ.  The Company's common shares will
remain listed and continue to trade on NASDAQ under the symbol
"BGMD" pending the hearing and the expiration of any extension
granted by the Panel.  However, there can be no assurance that the
Panel will grant the Company's request for continued listing or
that the Company will be able to regain compliance within any
extension period granted by the Panel.

As previously disclosed on Current Reports on Form 8-K filed with
the Securities and Exchange Commission on Sept. 11, 2014, and Nov.
26, 2014, regarding its receipt of written notice from NASDAQ
notifying the Company that, because the Company's bid price had
closed below the $1.00 threshold for the preceding 30 business days
and, in accordance with the Listing Rules, the Company had been
provided a grace period of 180 calendar days, or until March 4,
2015, to regain compliance with NASDAQ Listing Rule 5550(a)(2).

As previously disclosed on a Current Report on Form 8-K filed with
SEC on Nov. 26, 2014, the Company received written notice from
NASDAQ indicating that because the Company did not meet the minimum
$2.5 million in stockholders' equity, nor the other alternative
tests of market value of listed securities or net income from
continuing operations, the Company had 45 calendar days, or until
Jan. 4, 2015, to submit a plan to regain compliance with the
continued listing rule, and that if NASDAQ accepted the Company's
plan to regain compliance, the Company may be provided with a grace
period of 180 calendar days, or until May 19, 2015, to regain
compliance with NASDAQ Listing Rule 5550(b)(1).  On  
Feb. 2, 2015, the Company announced that NASDAQ granted the
Company's request for an extension until May 19, 2015, within which
to evidence compliance with NASDAQ Listing Rule 5550(b)(1). The
Company will address its plan to regain and maintain compliance
with NASDAQ Listing Rules 5550(a)(2) and 5550(b)(1) at the hearing
before the Panel, notwithstanding NASDAQ's prior determination to
grant the Company an extension to regain compliance with NASDAQ
Listing Rule 5550(b)(1).

                         About BG Medicine

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

BG Medicine reported a net loss of $15.8 million on $4.07 million
of total revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $23.8 million on $2.81 million of total
revenues during the prior year.  The Company's balance sheet at
June 30, 2014, showed $11.24 million in total assets, $7.25
million in total liabilities and $3.98 million in total
stockholders' equity.

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


BLACKSANDS PETROLEUM: Incurs $811K Net Loss in Jan. 31 Qtr.
-----------------------------------------------------------
Blacksands Petroleum, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common shareholders of $811,000 on $134,000 of oil
and gas revenue for the three months ended Jan. 31, 2015, compared
to a net loss attributable to common shareholders of $2.50 million
on $328,000 of oil and gas revenue for the same period in 2014.

As of Jan. 31, 2015, the Company had $1.52 million in total assets,
$8.65 million in total liabilities, and a $7.13 million total
stockholders' deficiency.

The Company had cash and cash equivalents of $522,000 as of Jan.
31, 2015.

"We may incur substantial costs in pursuing future capital
financing, including investment banking fees, legal fees,
accounting fees, securities law compliance fees, and other costs.
We may also be required to recognize non-cash expenses in
connection with certain securities we may issue, such as
convertible notes and warrants, which may adversely impact our
financial condition.  However, there is no assurance that we will
be able to obtain sufficient funds on terms acceptable to us or at
all.  If adequate additional funding is not available, we may be
forced to limit our activities.

If we are not able to obtain sufficient capital either from the
sale of assets or external sources of capital to fund our immediate
operating requirements, we may determine that it is in the
Company's best interests to seek relief through a pre-packaged,
pre-negotiated or other type of filing under Chapter 11 of the U.S.
Bankruptcy Code," the Company states in the Report.

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

                        http://is.gd/F0EAlc

                     About Blacksands Petroleum

Blacksands Petroleum, Inc., is engaged in the exploration,
development, exploitation and production of oil and natural gas.
The Company focuses on the acquisition and development of
conventional and unconventional oil and gas fields in North
America.

The Company reported a net loss attributable to common shareholders
of $7.06 million on $1.22 million of oil and gas revenue for the
year ended Oct. 31, 2014, compared to a net loss attributable to
common shareholders of $8.59 million on $1.69 million of oil and
gas revenue during the prior year.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Oct. 31, 2014.  The independent auditors noted that the
Company has incurred cumulative losses since inception and has
negative working capital, which raises substantial doubt about its
ability to continue as a going concern.


BRILLIANT INSTRUMENTS: Case Summary & 13 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Brilliant Instruments, Inc.
        1622 W Campbell Ave., Ste 107
        Campbell, CA 95008

Case No.: 15-50868

Nature of Business: Electronics

Chapter 11 Petition Date: March 16, 2015

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Hon. Arthur S. Weissbrodt

Debtor's Counsel: Lawrence A. Jacobson, Esq.
                  COHEN AND JACOBSON, LLP
                  900 Veterans Blvd. #600
                  Redwood City, CA 94063
                  Tel: (650) 261-6280
                  Email: laj@jacobsonattorneys.com

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Shalom Kattan, president.

A list of the Debtor's 13 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb15-50868.pdf


CAMBRIDGE AT HARBOURVIEW: Case Summary & 4 Top Unsec. Creditors
---------------------------------------------------------------
Debtor: Cambridge at Harbourview LLC
        4938 Hampden Lane, ste 326
        Bethesda, MD 20814

Case No.: 15-13684

Chapter 11 Petition Date: March 16, 2015

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

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: Robert Drew Roseman, Esq.
                  ROBERT D ROSEMAN PC
                  9720 Beman Woods Way
                  Potomac, MD 20854-5457
                  Tel: 3013656305
                  Fax: 3013656306
                  Email: broseman@rosemanlegalgroup.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/mdb15-13684.pdf


CONSTAR INTERNATIONAL: Seeks May 12 Extension of Plan Filing Date
-----------------------------------------------------------------
Capsule International Holdings LLC (f/k/a Constar International
Holdings LLC), et al., filed a motion asking the U.S. Bankruptcy
Court for the District of Delaware to further extend their
exclusive plan filing period through and including May 12, 2015,
and their exclusive plan solicitation period through and including
July 13, 2015.

According to Evan T. Miller, Esq., at Bayard, P.A., in Wilmington,
Delaware, the Debtors are seeking a sixth extension of their
exclusive periods to effectuate the Official Committee of Unsecured
Creditors' proposal of the Plan and solicitation of votes in
support thereof.

Mr. Miller asserts that not extending, and thus terminating,
exclusivity would permit any party in interest to propose a plan
and frustrate the efforts of the Committee, the Debtors and their
principal stakeholders.

                    About Constar International

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

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

Judge Christopher S. Sontchi oversees the 2013 case.

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

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

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

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

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

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

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

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

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


DAEBO INT'L: Seeks U.S. Recognition of Korean Proceedings
---------------------------------------------------------
Daebo International Shipping Co., Ltd., a Korean company operating
13 vessels that ship bulk cargoes, filed a Chapter 15 bankruptcy
petition in Manhattan a month after pursuing rehabilitation
proceedings in Korea.

On Feb. 11, 2015, Daebo initiated proceedings under the Korean
Rehabilitation and Bankruptcy Act.  On Feb. 13, 2015, the Korean
Bankruptcy Court entered an Order preventing any creditor from
taking any enforcement, attachment or other action against the
Company's assets.  During this time, the M/V DAEBO TRADER, a vessel
leased by the Company, was docked in the Port of New Orleans,
Louisiana.

On Feb. 14, 2015, a creditor of the Company initiated a Rule B1
attachment proceeding in the United States District Court for the
Eastern District of Louisiana.  As a result of the Rule B
attachment, the M/V DAEBO TRADER was attached and it remains in the
Port of New Orleans pending resolution of the proceeding.
Importantly, the Rule B attachment proceeding was initiated after
the Korean Bankruptcy Court entered the Comprehensive Stay Order.

Chang-Jung Kim, the custodian and foreign representative of Daebo,
asks the U.S. Bankruptcy Court to enter an order granting
provisional relief:

  (i) prohibiting the commencement or continuation of proceedings
against the Company and its property located within the territorial
jurisdiction of the United States including, without limitation,
owned, operated or chartered (leased) vessels and all property
located thereon (including bunkers), as further defined in 11
U.S.C. Sec. 1502(8), and

  (ii) vacating the Rule B attachment against the DAEBO TRADER.

John D. Kimball, Esq., at Blank Rome LLP, relates that allowing the
attachments to stand would permit the Company's creditors to
end-run the Korean Bankruptcy Court's explicit prohibition in the
Comprehensive Stay Order against enforcing claims against the
Company and attaching its property.  The Company must respond to
the merits of the Rule B Actions on March 20, 2015 and,
accordingly, requests a hearing on the application on March 19,
2015.

                           U.S. Lawsuits

The Company is involved in several lawsuits pending in the United
States District Court for the Eastern District of Louisiana: (i)
Richardson Stevedoring & Logistics Services, Inc. v. Daebo
International Shipping Co. Ltd. and Shinhan Capital Co. Ltd., Case
No. 2:15-cv-490; (ii) SPV 1 LLC v. Daebo International Shipping Co.
Ltd. and Shinhan Capital Co. Ltd., Case. No. 2:15-cv-494; (iii)
American Marine Services, Inc. v. Daebo International Shipping Co.
Ltd. and Shinhan Capital Co. Ltd., Case No. 2:15-cv-496; and (iv)
Jaldhi Overseas PTE. Ltd. v. Daebo International Shipping Co. Ltd.
et al. (Case No. 15-cv-00758) (collectively, the "Rule B Actions").


On Feb. 14, 2015, Richardson Stevedoring & Logistic Services, Inc.
brought maritime attachment proceedings against the Company and
Shinhan in order to attach the M/V DAEBO TRADER, alleging claims
for stevedoring services provided in Houston, Texas, to other
"Daebo vessels" (not the DAEBO TRADER) to a total amount of
$1,632,285.25.  In the initial pleadings, Richardson primarily
asserted that Shinhan (the reported disponent owner of the DAEBO
TRADER) is merely an alter ego of the Company.

On Feb. 15, 2015, the Court granted the motion for writ of
attachment, and the U.S. Marshal seized the DAEBO TRADER.

Subsequent to the initial filing by Richardson, SPV 1 LLC ("SPV")
filed a separate suit seeking payment relating to the use of the
M/V KASEY to the amount of $219,242.  Similarly, American Marine
Services, Inc. ("AMS") filed a separate suit for services to
various vessels in the total amount of $312,809.  The Court entered
an order consolidating all the cases in the Richardson suit.

On Feb. 23, 2015, Dana Shipping and Trading S.A. ("Dana"), the time
charterer of the DAEBO TRADER, filed a motion to vacate the
attachment asserting arguments on the alter ego issue and seeking
the vessel's immediate release.  Richardson responded by asserting
that the financial arrangement between the Company and Shinhan is
essentially a sham such that the Company is the real owner of the
DAEBO TRADER as well as the other "Daebo vessels" at issue.  Dana's
motion to vacate was denied by Order dated March 2, 2015. On March
6, 2015, SPV amended its complaint to assert facts to support an
alter ego claim as well as allegations concerning an alleged
fraudulent transfer.

Jaldhi Overseas PTE. Ltd. filed its Rule B attachment proceeding on
March 10, 2015, essentially duplicating the claims raised by
Richardson, AMS and SPV asserting a claim for $516,512.  It is
expected that the Jaldhi Action will be consolidated with the other
Rule B Actions before Judge Feldman.  Thus, the Rule B Actions
remain active and the DAEBO TRADER is restrained from leaving the
Port of New Orleans with its cargo.

Each Rule B Action and resulting attachment is in violation of the
Comprehensive Stay Order and the Commencement Order.  Richardson's
alter ego allegations are not supportable.  Shinhan is not
affiliated with the Company.  The two entities have different
businesses, capital structures and managers.  Shinhan Bank lent
monies to the Company and Shinhan Capital is a lease-counter party
with the Company.  Shinhan Capital is record owner of the DAEBO
TRADER, which is leased by the Company under the TRADER Lease,
which is governed by Korean law.  It is irrelevant that Shinhan
Capital is not an operator of other vessels, since it is customary
in marine finance for the vessel owner/lessor not to be an entity
in the business of operating vessels, the way that a bareboat
charterer or time charterer typically would be.  Shinhan Capital is
the registered owner of the vessel, and Shinhan Bank is a lender to
the Company.  As a lender, Shinhan Bank holds a mortgage on the
DAEBO TRADER, which is permitted by Korean law with the consent of
the lessor (Shinhan Capital).

Since the Company is not the owner of the DAEBO TRADER, the Rule B
Actions should be stricken. But the Company is seeking the vacation
of the Rule B Actions through this chapter 15 and this Application
because of the exigent need to get the detained cargo
of the DAEBO TRADER (soybeans) to its ultimate destination,
protecting the Company from additional losses.  Since the Rule B
Actions were filed after the Comprehensive Stay Order (staying all
unsecured creditor attachment actions against the Company) was
entered by the Korean Bankruptcy Court and the Jaldhi Action was
filed after the Commencement Order was entered by the Korean
Bankruptcy Court, the Rule B Actions are subject to vacatur in this
chapter 15.

Mr. Kimball avers that the contests over the Rule B Actions
underscore the need to protect the Company's valuable trade in the
United States, in the Gulf and on the Eastern seaboard of the
United States, by recognizing the Korean Rehabilitation Proceeding
and staying creditor action against Company assets in the United
States.

                     About Daebo International

Based in Seoul, Korea, Daebo International Shipping Co., Ltd.,
engages in the marine cargo transport business and also acts as an
international shipping agency providing marine cargo transportation
forwarding, ship management, and combined transport agency and
trading to its customers.  The company operates bulk carriers as
its cores business.

Then operating 19 vessels, Daebo had revenue of about $143 million
in 2013 and $140 million in 2014.  Key customers include KEPCO,
Malaysia Electric Power Company, SeAH Steel Corp. and Hanwha
Chemical, for which the Company transports coal, steel products and
salt.

On Feb. 11, 2015, Daebo filed an application for commencement of
rehabilitation proceedings under the Korean Rehabilitation and
Bankruptcy Act pending before the Seoul Central District Court
(Case No. 2015 10036 Rehabilitation).

Daebo filed a Chapter 15 bankruptcy petition (Bankr. S.D.N.Y. Case
No. 15-10616) on March 16, 2015, in Manhattan, in the United States
to seek recognition of its proceedings in Korea.  The case is
assigned to Judge Michael E. Wiles.  Chang-Jung Kim, the custodian
and foreign representative, signed the petition.  Blank Rome LLP,
in Philadelphia, serves as counsel to the Debtor.


DUNE ENERGY: Asks for Approval for Donald Martin as CRO
-------------------------------------------------------
Dune Energy, Inc., et al., seek authority from the U.S. Bankruptcy
Court for the Western District of Texas, Austin Division, to employ
Donald R. Martin as chief restructuring officer.

Prior to the Petition Date, the Debtors engaged Deloitte
Transactions and Business Analytics LLP to serve as their financial
advisors.  Deloitte engaged Mr. Martin as an independent contractor
to assist in a 3-week project to review the Debtors' cash flow
forecast and other financial information.  During that period, Mr.
Martin became familiar with the Debtors' business, their
operations, and capital structure, as well as many of the potential
issues that may arise during the pendency of the Chapter 11 cases.

During the Debtors' negotiation of their debtor-in-possession
financing facility, the Lenders for the DIP Facility, as a
condition precedent to funding, required the Debtors to retain a
Chief Restructuring Officer.  Because of Mr. Martin's familiarity
with the Debtors' business, their operations, and capital
structure, as well as his experience in serving in similar roles,
the Debtors' Board of Directors determined that it was in the
Debtors' best interest to engage Mr. Martin as the Debtors' CRO.

The CRO will primarily assist the Debtors in: (i) reviewing and
assessing the Debtors' financial information, including without
limitation financial information that has been, and that will be,
provided by the Debtors to their creditors, and including without
limitation short and long-term projected cash flows; (ii) assisting
in asset sales and the identification of cost reduction and
operational improvement opportunities; (iii) developing possible
restructuring plans or strategic alternatives for maximizing the
enterprise value of the Debtors and the Debtors' business; (iv)
serving as the principal contact with the Debtors' creditors with
respect to financial and operational matters, and regularly meeting
with the Debtors' secured lenders; (v) managing the Professionals
retained by the Debtors; (vi) performing other services in
connection with the Chapter 11 Cases as requested or directed by
the Debtors (vii) consulting and obtaining input from the
appropriate members of Debtors' senior management; and (viii)
complying with the reporting process required by the budget, the
debtor-in-possession credit agreement and the Bankruptcy Code.

In addition, to ensure the independence of the CRO in fulfilling
his fiduciary duties, the CRO will give notice to the Debtors'
boards of directors of any matter determined by the boards with
which the CRO disagrees and raise any issue with the Court that in
the CRO's discretion ought to be raised with the Court.  The CRO's
assistance will allow the Debtors to focus on the day-to-day
operations going forward and pursue the marketing and sale of their
assets.

Mr. Martin's typical hourly rate is $500 per hour.  Because his
position as CRO will preclude Mr. Martin from seeking other
employment, however, and because he anticipates that he will be
working full time as the Debtors' CRO, the Debtors are seeking to
pay Mr. Martin a fixed fee of $20,000 per week.

Mr. Martin has not received any compensation from the Debtors for
any services provided prior to the Petition Date.  Mr. Martin did
receive compensation from Deloitte for his services as an
independent contractor of Deloitte prior to the Petition Date.

The Debtors are seeking to employ Mr. Martin pursuant to Section
363(b) of the Bankruptcy Code.  Although the Debtors are not
seeking to employ Mr. Martin pursuant to Section 327, Mr. Martin,
the founder and principal of D.R. Martin & Associates, nevertheless
assures the Court that he is a "disinterested person" within the
meaning of Section 101(14), and does not hold or represent an
interest adverse to the Debtors' estates and that he has no
connection to the Debtors, their creditors, or their related
parties.

Mr. Martin can be reached at:

         Donald R. Martin
         Dune Energy, Inc.
         811 Louisiana, Suite 2300
         Houston, Texas 77002
         Tel: (713) 824-8240
         E-mail: drmcon2@gmail.com

                        About Dune Energy

Dune Energy, Inc. (NYSE AMEX: DNE) -- http://www.duneenergy.com/--
is an independent energy company based in Houston, Texas.  Since
May 2004, the Company has been engaged in the exploration,
development, acquisition and exploitation of natural gas and crude
oil properties, with interests along the Louisiana/Texas Gulf
Coast.  The Company's properties cover over 90,000 gross acres
across 27 producing oil and natural gas fields.

Affiliates Dune Energy, Inc. (Bankr. W.D. Tex. Case No. 15-10336),
Dune Operating Company (Bankr. W.D. Tex. Case No. 15-10337), and
Dune Properties, Inc. (Bankr. W.D. Tex. Case No. 15-10338) filed
separate Chapter 11 bankruptcy petitions on March 8, 2015.  The
petitions were signed by James A. Watt, president and chief
executive officer.

Judge Christopher H. Mott presides over the case.  Charles A.
Beckham, Jr., Esq., Kourtney P. Lyda, Esq., and Kelli M.
Stephenson, Esq., at Haynes And Boone, LLP, serve as the Debtors'
bankruptcy counsel.  Deloitte Transactions And Business Analytics
LLP is the Debtors' restructuring advisors.  Parkman Whaling LLC
is
the Debtors' sale professionals.

The Debtors listed $229 million in total assets and $144 million in
total debts as of Sept. 30, 2014.

The deadline for creditors to file proofs of claim is July 13,
2015.  For governmental units, the deadline to file proofs of claim
is not later than 180 days from the Petition Date.



DUNE ENERGY: Can Employ Prime Clerk as Claims & Noticing Agent
--------------------------------------------------------------
Judge H. Christopher Mott of the U.S. Bankruptcy Court for the
Western District of Texas, Austin Division, authorized Dune Energy,
Inc., et al., to employ Prime Clerk LLC as claims and noticing
agent.

Under an engagement agreement, Prime Clerk will perform the
following services:

   (a) Provide the Company with consulting services regarding legal
noticing, claims management, plan solicitation, balloting,
disbursements, communications, confidential online workspaces or
data rooms;

   (b) Create and maintain a website with general case information,
key documents, claim search function, and mirror of ECF case
docket;  

   (c) Prepare and serve required notices and documents in the
Chapter 11 Cases in accordance with the Bankruptcy Code and the
Bankruptcy Rules in the form and manner directed by the Debtors
and/or the Court, including (i) notice of the commencement of the
Chapter 11 Cases and the initial meeting of creditors under
Bankruptcy Code § 341(a), (ii) notice of any claims bar date,
(iii) notices of transfers of claims, (iv) notices of objections to
claims and objections to transfers of claims, (v) notices of any
hearings on a disclosure statement and confirmation of the Debtors'
plan or plans of reorganization, including under Bankruptcy Rule
3017(d), (vi) notice of the effective date of any plan and (vii)
all other notices, orders, pleadings, publications and other
documents as the Debtors or Court may deem necessary or appropriate
for an orderly administration of the Chapter 11 Cases;

   (d) Maintain an official copy of the Debtors' schedules of
assets and liabilities and statements of financial affairs, listing
the Debtors' known creditors and the amounts owed thereto;

   (e) Maintain (i) a list of all potential creditors, equity
holders and other parties-in-interest and (ii) a "core" mailing
list consisting of all parties described in Bankruptcy Rules
2002(i), (j) and (k) and those parties that have filed a notice of
appearance pursuant to Bankruptcy Rule 9010; update and make said
lists available upon request by a party-in-interest or the Clerk;

   (f) Furnish a notice to all potential creditors of the last date
for filing proofs of claim and a form for filing a proof of claim,
after the notice and form are approved by the Court, and notify
said potential creditors of the existence, amount and
classification of their respective claims as set forth in the
Schedules, which may be effected by inclusion of such information
(or the lack thereof, in cases where the Schedules indicate no debt
due to the subject party) on a customized proof of claim form
provided to potential creditors;

   (g) Maintain a post office box or address for the purpose of
receiving claims and returned mail, and process all mail received;


   (h) For all notices, motions, orders or other pleadings or
documents served, prepare and file or cause to be filed with the
Clerk an affidavit or certificate of service within 7 business days
of service which includes (i) either a copy of the notice served or
the docket number(s) and title(s) of the pleading(s) served, (ii) a
list of persons to whom it was mailed (in alphabetical order) with
their addresses, (iii) the manner of service and (iv) the date
served;

   (i) Process all proofs of claim received, including those
received by the Clerk, check said processing for accuracy and
maintain the original proofs of claim in a secure area;

   (j) Maintain the official claims register for each Debtor on
behalf of the Clerk; upon the Clerk's request, provide the Clerk
with certified, duplicate unofficial Claims Registers; and specify
in the Claims Registers the following information for each claim
docketed: (i) the claim number assigned, (ii) the date received,
(iii) the name and address of the claimant and agent, if
applicable, who filed the claim, (iv) the amount asserted, (v) the
asserted classification(s) of the claim (e.g., secured, unsecured,
priority, etc.), (vi) the applicable Debtor and (vii) any
disposition of the claim;

   (k) Implement necessary security measures to ensure the
completeness and integrity of the Claims Registers and the
safekeeping of the original claims;

   (l) Record all transfers of claims and provide any notices of
those transfers as required by Bankruptcy Rule 3001(e);

   (m) Relocate, by messenger or overnight delivery, all of the
court-filed proofs of claim to the offices of Prime Clerk, not less
than weekly;

   (n) Upon completion of the docketing process for all claims
received to date for each case, turn over to the Clerk copies of
the Claims Registers for the Clerk's review;

   (o) Monitor the Court's docket for all notices of appearance,
address changes, and claims-related pleadings and orders filed and
make necessary notations on and/or changes to the claims register
and any service or mailing lists, including to identify and
eliminate duplicative names and addresses from such lists;

   (p) Identify and correct any incomplete or incorrect addresses
in any mailing or service lists;

   (q) Assist in the dissemination of information to the public and
respond to requests for administrative information regarding the
Chapter 11 Cases as directed by the Debtors or the Court, including
through the use of a case website and/or call center;

   (r) Monitor the Court's docket in these chapter 11 cases and,
when filings are made in error or containing errors, alert the
filing party of such error and work with them to correct any such
error;

   (s) If the Chapter 11 Cases are converted to cases under chapter
7 of the Bankruptcy Code, contact the Clerk's office within three
(3) days of notice to Prime Clerk of entry of the order converting
the cases;

   (t) Thirty (30) days prior to the close of these Chapter 11
Cases, to the extent practicable, request that the Debtors submit
to the Court a proposed order dismissing Prime Clerk as Claims and
Noticing Agent and terminating its services in such capacity upon
completion of its duties and responsibilities and upon the closing
of these Chapter 11 Cases;  

   (u) Within seven (7) days of notice to Prime Clerk of entry of
an order closing these chapter 11 cases, provide to the Court the
final version of the Claims Registers as of the date immediately
before the close of the Chapter 11 Cases;  

   (v) At the close of these chapter 11 cases, (i) box and
transport all original documents, in proper format, as provided by
the Clerk's office, to (A) the Philadelphia Federal Records Center,
14700 Townsend Road, Philadelphia, PA 19154 or (B) any other
location requested by the Clerk's office; and (ii) docket a
completed SF-135 Form indicating the accession and location numbers
of the archived claims;

   (w) Assisting with, among other things, the solicitation and the
calculation of votes and the distribution as required in
furtherance of confirmation of plan(s) of reorganization, as
requested; and
(x) Provide such other related claims and noticing services as the
Debtors may require in connection with these chapter 11 cases.

The Debtors will pay Prime Clerk the following hourly rates:

   Analyst                                $35 to $45
   Technology Consultant                  $80 to $100
   Consultant                             $95 to $135
   Senior Consultant                     $140 to $165
   Director                              $170 to $190
   Solicitation Consultant                   $185
   Director of Solicitation                  $205

The Debtors will also reimburse Prime Clerk for any necessary
out-of-pocket expenses.

Prior to the Petition Date, the Debtors provided Prime Clerk a
retainer in the amount of $20,000.

Michael J. Frishberg, Co-President and Chief Operating Officer of
Prime Clerk, assures the Court that his firm is a "disinterested
person" as that term is defined in Bankruptcy Code Section 101(14),
as modified by Section 1107(b), and does not represent any interest
adverse to the Debtors and their estates.

Mr. Frishberg may be reached at:

         Michael J. Frishberg
         PRIME CLERK LLC
         830 Third Avenue, 9th Floor
         New York, NY 10022
         Tel: (212) 257-5445
         E-mail: mfrishberg@primeclerk.com

                        About Dune Energy

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

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

Affiliates Dune Energy, Inc. (Bankr. W.D. Tex. Case No. 15-10336),
Dune Operating Company (Bankr. W.D. Tex. Case No. 15-10337), and
Dune Properties, Inc. (Bankr. W.D. Tex. Case No. 15-10338) filed
separate Chapter 11 bankruptcy petitions on March 8, 2015.  The
petitions were signed by James A. Watt, president and chief
executive officer.

Judge Christopher H. Mott presides over the case.  Charles A.
Beckham, Jr., Esq., Kourtney P. Lyda, Esq., and Kelli M.
Stephenson, Esq., at Haynes And Boone, LLP, serve as the Debtors'
bankruptcy counsel.  Deloitte Transactions And Business Analytics
LLP is the Debtors' restructuring advisors.  Parkman Whaling LLC
is
the Debtors' sale professionals.

The Debtors listed $229.4 million in total assets and $144.2
million in total debts as of Sept. 30, 2014.

The deadline for creditors to file proofs of claim is July 13,
2015.  For governmental units, the deadline to file proofs of claim
is not later than 180 days from the Petition Date.


DUNE ENERGY: Proposes Hanes and Boon as Bankruptcy Attorneys
------------------------------------------------------------
Dune Energy, Inc., et al., seek authority from the U.S. Bankruptcy
Court for the Western District of Texas, Austin Division, to employ
Hanes and Boone, LLP, as bankruptcy attorneys.

The legal services that Haynes and Boone will render may be
summarized, in part, as follows:

   (a) Advising the Debtors of their rights, powers, and duties as
a debtors-in-possession under the Bankruptcy Code;  

   (b) Performing all legal services for and on behalf of the
Debtors that may be necessary or appropriate in the administration
of the Chapter 11 Cases and the Debtors' business;  

   (c) Advising the Debtors concerning, and assisting in, the
negotiation and documentation of financing agreements and debt
restructurings;

   (d) Reviewing the nature and validity of agreements relating to
the Debtors' interests in real and personal property and advising
the Debtors of their corresponding rights and obligations;  

   (e) Advising the Debtors concerning preference, avoidance,
recovery, or other actions that it may take to collect and to
recover property for the benefit of the estate and its creditors,
whether or not arising under Chapter 5 of the Bankruptcy Code;  

   (f) Preparing on behalf of the Debtors all necessary and
appropriate applications, motions, pleadings, draft orders,
notices, schedules, and other documents and reviewing all financial
and other reports to be filed in the Chapter 11 cases;  

   (g) Advising the Debtors concerning, and preparing responses to,
applications, motions, complaints, pleadings, notices, and other
papers that may be filed and served in the Chapter 11 cases;  

   (h) Assisting the Debtors with the negotiation, bid process,
auction and closing of a sale of all or substantially all of their
assets pursuant to Section 363 of the Bankruptcy Code;  

   (i) Counseling the Debtors in connection with the formulation,
negotiation, and promulgation of a plan of reorganization or
liquidation and related documents;

   (j) Working with and coordinating efforts among other
professionals to attempt to preclude any duplication of effort
among those professionals and to guide their efforts in the overall
framework of Debtors’ reorganization or liquidation;

   (k) Working with professionals retained by other
parties-in-interest in the Chapter 11 Cases to attempt to structure
a consensual plan of reorganization, or other resolution for
Debtors; and

   (l) Performing additional legal services as may be required by
the Debtors.

The primary attorneys and paralegal within Haynes and Boone who
will represent the Debtors and their hourly rates for representing
the Debtors are:

   Charles A. Beckham, Jr., Esq.     Partner         $925
   Kenric Kattner, Esq.              Partner         $900
   Bill Nelson, Esq.                 Partner         $800
   Kourtney Lyda, Esq.               Counsel         $630
   Kristina Trauger, Esq.            Associate       $570
   Kelli Stephenson, Esq.            Associate       $490
   Jarom Yates, Esq.                 Associate       $490
   Kenneth Rusinko, Esq.             Paralegal       $290

It is Haynes and Boone's policy, in all areas of practice, to
charge its clients for all additional expenses incurred in
connection with the client's case.

Haynes and Boone has been paid $1,914,148 through the day prior to
the Petition Date as compensation for services rendered and costs
incurred for the one year period prior to the Petition Date.  Prior
to the Petition Date, Haynes and Boone was paid $250,000 as a
retainer by the Debtors for work to be performed in connection with
preparing to file the Chapter 11 Cases.  Haynes and Boone applied
the Retainer against its unpaid prepetition invoices prior to the
Petition Date, leaving a balance of $0.

Charles A. Beckham, Jr., Esq., a partner in the law firm of Haynes
and Boone LLP, in Houston, Texas, assures the Court that his firm
is a "disinterested person" within the meaning of  Section 101(14)
of the Bankruptcy Code, as required by Section 327(a), and does not
hold or represent an interest adverse to the Debtors' estates.

Pursuant to the U.S. Trustee's Appendix B - Guidelines,
Mr. Beckham states that Haynes and Boone did not agree to any
variation or alternative to its standard billing arrangement for
its engagement with the Debtors.  Mr. Beckham further states that
none of the professionals included in the engagement have varied
their rate based on the geographic location of the Chapter 11
cases.  Moreover, Mr. Beckham says Haynes and Boone was initially
retained by the Debtors on November 13, 2013, and its engagement
was supplement by a supplemental engagement letter dated March 4,
2015.  The billing rates and material terms of the prepetition
engagement are the same as the rates and terms described in the
Application, Mr. Haynes adds.

Mr. Beckham adds that the Debtors have received and approved a
monthly budget for Haynes and Boone and other of Debtors'
professionals pursuant to the budgeting process and cash flow
projections contained within the DIP Budget.

Haynes and Boone may be reached at:

         Charles A. Beckham, Jr., Esq.
         Kenric Kattner, Esq.
         Bill Nelson, Esq.
         Kourtney Lyda, Esq.
         Kristina Trauger, Esq.
         Kelli Stephenson, Esq.
         Jarom Yates, Esq.
         HAYNES AND BOONE LLP
         1221 McKinney Street, Suite 2100
         Houston, TX 77010
         E-mail: charles.beckham@haynesboone.com
                 kenric.kattner@haynesboone.com
                 bill.nelson@haynesboone.com
                 kourtney.lyda@haynesboone.com
                 kristina.trauger@haynesboone.com
                 kelli.stephenson@haynesboone.com
                 jarom.yates@haynesboone.com

                        About Dune Energy

Dune Energy, Inc. (NYSE AMEX: DNE) -- http://www.duneenergy.com/--
is an independent energy company based in Houston, Texas.  Since
May 2004, the Company has been engaged in the exploration,
development, acquisition and exploitation of natural gas and crude
oil properties, with interests along the Louisiana/Texas Gulf
Coast.  The Company's properties cover over 90,000 gross acres
across 27 producing oil and natural gas fields.

Affiliates Dune Energy, Inc. (Bankr. W.D. Tex. Case No. 15-10336),
Dune Operating Company (Bankr. W.D. Tex. Case No. 15-10337), and
Dune Properties, Inc. (Bankr. W.D. Tex. Case No. 15-10338) filed
separate Chapter 11 bankruptcy petitions on March 8, 2015.  The
petitions were signed by James A. Watt, president and chief
executive officer.

Judge Christopher H. Mott presides over the case.  Charles A.
Beckham, Jr., Esq., Kourtney P. Lyda, Esq., and Kelli M.
Stephenson, Esq., at Haynes And Boone, LLP, serve as the Debtors'
bankruptcy counsel.  Deloitte Transactions And Business Analytics
LLP is the Debtors' restructuring advisors.  Parkman Whaling LLC
is
the Debtors' sale professionals.

The Debtors listed $229 million in total assets and $144 million in
total debts as of Sept. 30, 2014.

The deadline for creditors to file proofs of claim is July 13,
2015.  For governmental units, the deadline to file proofs of claim
is not later than 180 days from the Petition Date.



DUNE ENERGY: Section 341(a) Meeting Scheduled for April 14
----------------------------------------------------------
There will be a meeting of creditors in the bankruptcy of Dune
Energy Inc., et al., on April 14, 2015, at 1:00 p.m., at Homer J.
Thornberry Judicial Building, at 903 San Jacinto Blvd., Room 1500,
in Austin, Texas.

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

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

                        About Dune Energy

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

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

Affiliates Dune Energy, Inc. (Bankr. W.D. Tex. Case No. 15-10336),
Dune Operating Company (Bankr. W.D. Tex. Case No. 15-10337), and
Dune Properties, Inc. (Bankr. W.D. Tex. Case No. 15-10338) filed
separate Chapter 11 bankruptcy petitions on March 8, 2015.  The
petitions were signed by James A. Watt, president and chief
executive officer.

Judge Christopher H. Mott presides over the case.  Charles A.
Beckham, Jr., Esq., Kourtney P. Lyda, Esq., and Kelli M.
Stephenson, Esq., at Haynes And Boone, LLP, serve as the Debtors'
bankruptcy counsel.  Deloitte Transactions And Business Analytics
LLP is the Debtors' restructuring advisors.  Parkman Whaling LLC
is
the Debtors' sale professionals.

The Debtors listed $229.4 million in total assets and $144.2
million in total debts as of Sept. 30, 2014.

The deadline for creditors to file proofs of claim is July 13,
2015.  For governmental units, the deadline to file proofs of claim
is not later than 180 days from the Petition Date.


DVORKIN HOLDINGS: Case Transferred to Judge Goldgar
---------------------------------------------------
The Clerk of the Court has reassigned the Chapter 11 case of
Dvorkin Holdings LLC and all related proceedings to the Hon. A.
Benjamin Goldgar in accordance with the Rules of the U.S.
Bankruptcy Court for the Northern District of Illinois pursuant to
the order issued by the Chief Bankruptcy Judge Bruce W. Black.

The Debtor's case is pending before the Hon. Pamela S. Hollis, but
the judge has recused herself.

                      About Dvorkin Holdings

Dvorkin Holdings, LLC, is a real estate holding company that
possesses or possessed ownership interests in 70 real properties,
either directly or indirectly through limited liability companies
or land trusts.  Dvorkin Holdings has interests in 40 non-debtor
entities.

Dvorkin Holdings filed a Chapter 11 petition (Bankr. N.D. Ill. Case
No. 12-31336) in Chicago on Aug. 7, 2012.  The Debtor disclosed
$69.9 million in assets and $9.30 million in liabilities as of the
Chapter 11 filing.  U.S. Bankruptcy Judge Jack B. Schmetterer
oversees the case.  Michael J. Davis, Esq., at Archer Bay, P.A., in
Lisle, Ill., serves as counsel to the Debtor.  The petition was
signed by Loran Eatman, vice president of DH-EK Management Corp.

The Bankruptcy Court in October 2012 granted the request of Patrick
S. Layng, the U.S. Trustee for the Northern District of
Illinois, to appoint Gus Paloian as the Chapter 11 Trustee.

Seyfarth Shaw, LLP, represents the Chapter 11 Trustee as counsel.
Carpenter Lipps & Leland LLP represents the Chapter 11 Trustee as
conflicts counsel.


EDENOR SA: Temporary Increase in Earnings Approved
--------------------------------------------------
Edenor S.A. disclosed with the U.S. Securities and Exchange
Commission that Energy Secretariat Resolution No. 32 was published
in the Official Gazette, approving a temporary increase in this
Distribution Company's earnings effective as from Feb. 1, 2015, to
pay expenses incurred and investments made in connection with the
normal rendering of the energy distribution utility, and upon
compliance with certain conditions.  Though the Company is
currently analyzing the scope of the resolution and any
economic-financial impacts on it, the resolution does not imply an
increase in rates for service users.

                          About Edenor SA

Headquartered in Buenos Aires, Argentina, Edenor S.A. (NYSE: EDN;
Buenos Aires Stock Exchange: EDN) is the largest electricity
distribution company in Argentina in terms of number of customers
and electricity sold (both in GWh and Pesos).  Through a
concession, Edenor distributes electricity exclusively to the
northwestern zone of the greater Buenos Aires metropolitan area
and the northern part of the city of Buenos Aires.

As of Sept. 30, 2014, the Company had ARS7.99 billion in total
assets, ARS8.26 billion in total liabilities and a
ARS267 billion total deficit.


ERF WIRELESS: Issues 71.5 Million Common Shares
-----------------------------------------------
From March 7 through March 13, 2015, ERF Wireless, Inc., issued
71,578,981 common stock shares pursuant to existing Convertible
Promissory Notes, according to a document filed with the Securities
and Exchange Commission.

The Company receives no additional compensation at the time of the
conversions beyond that previously received at the time the
Convertible Promissory Notes were originally issued.   The shares
were issued at an average of $0.00053 per share.  The issuance of
the shares constitutes 17.534% of the Company's issued and
outstanding shares based on 408,240,201 shares issued and
outstanding as of March 6, 2015.

                         About ERF Wireless

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

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

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


ESCO MARINE: Secured Lender Seeks Appointment of Chap. 11 Trustee
-----------------------------------------------------------------
Callidus Capital Corporation asks the U.S. Bankruptcy Court for the
Southern District of Texas, Corpus Christi Division, to direct the
appointment of a Chapter 11 operating trustee in the bankruptcy
cases of ESCO Marine, Inc., et al., or, in the alternative, require
the Debtors to employ an independent chief restructuring officer.

Nathaniel Peter Holzer, Esq., at Jordan, Hyden, Culbreth & Holzer,
P.C., in Corpus Christi, Texas, tells the Court that based on
Callidus' prepetition experience with the Debtors, as well as the
evidence presented at the initial hearing on first-day motions,
Callidus has no confidence in the Debtors' current management team
to act as fiduciaries in the best interest of the Debtors'
creditors, to effectively operate the Debtors during the pendency
of the cases, to restructure the Debtors and turn them to
profitability, or to maximize the potential sale value of the
Debtors' assets.   

Mr. Holzer adds that the Debtors' current management filed the
bankruptcy cases in an 11th-hour effort to prevent the District
Court in Case No. 1:14-v-00270 from appointing a federal receiver
over the Debtors, which Callidus believes the District Court would
have done based on the evidence before the District Court.  It is
clear that the Debtors' current management is motivated by
self-interest, and not the interest of the Debtors' numerous
creditors, including Callidus, in desiring to retain control over
the Debtors at all costs, Mr. Holzer asserts.

                          About ESCO Marine

ESCO Marine, Inc., and four affiliates sought Chapter 11
bankruptcy
protection in Corpus Christi, Texas (Bankr. S.D. Tex.) on March 7,
2015.

ESCO Marine disclosed $28.8 million in assets and $35.5 million in
debt as of Jan. 31, 2015.

The cases are assigned to Judge Richard S. Schmidt.  The Debtors
filed an emergency motion seeking joint administration of their
Chapter 11 cases, requesting to designate as the "main case" the
proceedings of ESCO Marine, Inc., Case No. 15-20107.

ESCO Metals, LLC, ESCO Shredding, LLC, Texas Best Recycling, LLC,
and Texas Best Equipment LLC are affiliates of ESCO Marine.  ESCO
Marine is the operating parent company.

The Debtors have tapped Roderick Glen Ayers, Jr., Esq., at Langley
Banack Inc., in San Antonio, as counsel.


EVANS & SUTHERLAND: To Issue 2.7MM Shares Under Incentive Plan
--------------------------------------------------------------
Evans & Sutherland Computer Corporation filed a Form S-8
registration statement with the Securities and Exchange Commission
relating to the sale of 2,773,681 shares of the Company's Common
Stock, $.20 par value, for issuance under the Evans & Sutherland
Computer Corporation 2014 Stock Incentive Plan, as amended.  A copy
of the prospectus is available at http://is.gd/iqqVqG

                     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.

For the nine months ended Sept. 27, 2013, the Company reported a
net loss of $793,000 on $18.4 million of sales as compared with a
net loss of $2.19 million on $17.9 million of sales for the nine
months ended Sept. 28, 2012.

For the nine months ended Sept. 26, 2014, the Company reported a
net loss of $780,000 on $20.04 million of sales compared to a net
loss of $793,000 on $18.42 million of sales for the nine months
ended Sept. 27, 2013.

The Company's balance sheet at Sept. 26, 2014, showed $25.4 million

in total assets, $39.2 million in total liabilities, and a
$13.9 million total stockholders' deficit.


FANNIE MAE & FREDDIE MAC: Updated Conservatorship Litigation Chart
------------------------------------------------------------------
At http://bankrupt.com/gselitigationsummary201503.pdfeditors of
the Troubled Company Reporter and Class Action Reporter have posted
a chart, updated on Mar. 17, 2015, organizing information about the
24 lawsuits complaining about how the Department of the Treasury
and the Federal Housing Finance Administration are handling Fannie
Mae and Freddie Mac's conservatorship proceedings.  Unaltered, this
chart may be freely shared with anyone for any purpose,
notwithstanding that it is copyrighted by Bankruptcy Creditors'
Service, Inc., and Beard Group, Inc., and all rights are reserved
by the publishers.  For additional information, contact Peter A.
Chapman at peter@beard.com by e-mail or (215) 945-7000 by
telephone.

Earlier this week, the Honorable Margaret M. Sweeney entered an
order in Fairholme v. U.S., Case No. 13-465 (Ct. Fed. Cl.), setting
June 29, 2015, as the date to complete jurisdictional discovery,
and directing the parties to file a status report by Mon., July 13,
2015, letting her know how they want to proceed.  When
jurisdictional discovery is completed, Fairholme should have what
it needs to respond to the Government's motion to dismiss (Doc. 20,
filed Dec. 9, 2013) Fairholme's complaint.  The completion of
jurisdictional discovery in Fairholme v. U.S. will also trigger in
the Court of Federal Claims:

    (A) the filing of the Government's motion to dismiss Arrowood
v. U.S.;

    (B) setting deadlines for the plaintiffs to file their
responses to the Government's motions to dismiss Cacciapalle v.
U.S., Fisher v. U.S., and Washington Federal v. U.S.; and

    (C) the filing of the Government's answers to or motions to
dismiss the complaints filed in Rafter v. U.S. and Reid v. U.S.

The Government will likely renew its request to stay further
briefing until the D.C. Circuit has ruled on the pending appeals
from Judge Lamberth's decision.  In those appeals, the parties are
awaiting direction from the D.C. Circuit about how many words their
appellate briefs may contain.  

By Apr. 6, 2015, Continental Western is expected to file a notice
of appeal from Judge Pratt's decision in Continental Western v.
FHFA seeking review of the dismissal of the Iowa insurer's lawsuit
in the Eighth Circuit.  


FIRST NATIONAL: Posts $13.4 Million Net Income for 2014
-------------------------------------------------------
First National Community Bancorp, Inc., filed with the Securities
and Exchange Commission its annual report on Form 10-K disclosing
net income of $13.4 million on $32.7 million of total interest
income for the year ended Dec. 31, 2014, compared with net income
of $6.38 million on $33.0 million of total interest income during
the prior year.

As of Dec. 31, 2014, the Company had $970 million in total assets,
$919 million in total liabilities, and $51.4 million in total
shareholders' equity.

                        Regulatory Matters

The Bank is under a Consent Order from the Office of the
Comptroller of the Currency dated Sept. 1, 2010.  The Company is
also subject to a Written Agreement with the Federal Reserve Bank
of Philadelphia dated Nov. 24, 2010.

The Bank, pursuant to a Stipulation and Consent to the Issuance of
a Consent Order dated Sept. 1, 2010, without admitting or denying
any wrongdoing, consented and agreed to the issuance of the Order
by the OCC, the Bank's primary regulator.  The Order requires the
Bank to undertake certain actions within designated timeframes, and
to operate in compliance with the provisions thereof during its
term.  The Order is based on the results of an examination of the
Bank as of March 31, 2009.  Since the examination, management has
engaged in ongoing discussions with the OCC and has taken steps to
improve the condition, policies and procedures of the Bank.
Compliance with the Order is monitored by a committee of at least
three directors, none of whom is an employee or controlling
shareholder of the Bank or its affiliates or a family member of any
such person.  The Committee had been required to submit written
progress reports to the OCC on a monthly basis.  Effective April
10, 2014, the written progress report requirement was changed from
monthly to quarterly as of quarter-end March 31,  2014.  The
Committee has submitted each of the required progress reports with
the OCC.  The members of the Committee are John P. Moses, William
G. Bracey, Joseph Coccia, Keith W. Eckel and Thomas J. Melone.

The Bank developed a Strategic Plan that it believes complies with
the Order requirements The Strategic Plan for the three-year period
Jan. 1, 2014 to Dec. 31, 2016 was completed and submitted to the
OCC for review in April 2014.  The OCC issued a written
determination of supervisory non-objection to the Strategic Plan in
June 2014.  The Strategic Plan was adopted by the Board in June
2014.  The Strategic Plan for the three-year period January 1, 2015
to Dec. 31, 2017 was approved by the Board in January 2015. The
Company believes that the Bank continues to be in compliance with
the Strategic Plan.

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

                      http://is.gd/LrW9ha

                      About First National

Headquartered in Dunmore, Pa., First National Community Bancorp,
Inc., is a Pennsylvania corporation, incorporated in 1997 and is
registered as a bank holding company under the Bank Holding
Company Act ("BHCA") of 1956, as amended.  The Company became an
active bank holding company on July 1, 1998, when it acquired
ownership of First National Community Bank (the "Bank").  The Bank
is a wholly-owned subsidiary of the Company.

The Company's primary activity consists of owning and operating
the Bank, which provides customary retail and commercial banking
services to individuals and businesses.  The Bank provides
practically all of the Company's earnings as a result of its
banking services.


FIRST QUANTUM: S&P Lowers CCR to 'B'; Outlook Negative
------------------------------------------------------
Standard & Poor's Ratings Services said it has lowered its
long-term corporate credit and issue ratings on Canada-based copper
miner First Quantum Minerals Ltd (FQM) to 'B' from 'B+'.  The
outlook is negative.

At the same time, S&P removed the ratings from CreditWatch with
negative implications, where it had placed them on Jan. 27, 2015.

The downgrade follows the steep drop in copper prices since late
2014 and S&P's downward revision of its copper price assumptions to
$2.7 per pound (/lb) for 2015-2016, from $3.1/lb previously, and
the potential impact on FQM.  It also factors in the negative
implications of the recent change in the royalty regime in Zambia,
negatively affecting the group's position on the copper production
cost curve.  S&P now assumes that FQM's EBITDA will be about $0.9
billion-$1.1 billion in 2015, compared with more than $2.0 billion
in S&P's previous forecast (although S&P acknowledges that the
figures are not fully comparable because the new Zambian royalties
will replace corporate tax and will be captured at the EBITDA
level).  Consequently, S&P now sees the group's credit metrics more
in line with a "highly leveraged" financial risk profile, versus
S&P's previous assessment as "aggressive."

In addition, S&P thinks the sharp fall in copper prices and change
in royalty regime in Zambia will likely result in FQM breaching its
financial covenant, absent a reset.  S&P expects, however, that the
group's current negotiations with banks will result in a revised
covenant level, which would provide modest headroom under S&P's
base-case scenario.

On the upside, the group recently commissioned two key projects in
Zambia: a greenfield copper mine (Sentinel) and a 1.2 million ton
copper smelter.  A successful and steady ramp-up of these two
projects this year is vital to FQM because it should reduce
negative free operating cash flow (FOCF) from 2016.  In terms of
volumes coming from Sentinel in 2015, FQM's guidance varies between
150 kt (thousand tons) and 200kt in 2015 (where a change of 10kt in
the output is equivalent to about $15 million of EBITDA).  A
successful ramp-up of the smelter would support treating the
current 300kt of concentrate inventory in Zambia.

Zambia, however, has seen a number of negative developments over
the past few months, including the government's request for help
from the International Monetary Fund and an introduction of a new
royalty regime for miners.  Operations in Zambia contribute about
50% of FQM's EBITDA.  S&P considers that country risk in Zambia has
increased after these recent events.  S&P estimates that the new
royalty regime will have a negative impact on FQM during times of
lower copper prices, including this year, with a now higher
government take in addition to FQM's inability to use Sentinel's
depreciation to offset tax payments.  Furthermore, the Zambian
government owes FQM $246 million in delayed value-added tax
refunds.

Under S&P's base-case scenario, it projects that FQM's EBITDA will
be between $0.9 billion and $1.1 billion in 2015 and about $1.4
billion-$1.7 billion in 2016.  In 2014, FQM reported EBITDA of $1.4
billion.  These assumptions underpin these estimates:

   -- A copper price of $2.7/lb for the rest of 2015 and in 2016.
      The current price is $2.6/lb.

   -- A nickel price of $6.5/lb for the rest of 2015 and $7.25/lb
      in 2016.  The current price is $6.2/lb.

   -- Total production 570kt-620kt of copper, depending on the
      contribution from Sentinel.  For copper, a unit cash cost of

      $1.4/lb (excluding royalties).

   -- Capex in line with FQM's latest guidance, at $1.2 billion-
      $1.4 billion in 2015.  No near-term repayment of the $430
      million promissory notes issued by Eurasian Natural
      Resources Corp. PLC (ENRC) due December 2015 (of which ENRC
      repaid $110 million in 2014).

These assumptions translate into adjusted FFO to debt below 10% in
2015, and in the range of 10%-15% in 2016, and aggregate negative
FOCF of more than $1.5 billion in this period.  S&P's measure of
FQM's adjusted debt was $6.5 billion at Dec. 31, 2014, and under
S&P's baseline forecast, it could rise to about $8.0 billion by the
end of 2016.  As part of S&P's adjustment to gross reported debt,
it includes $400 million of asset-retirement obligations.

The negative outlook reflects the possibility of a downgrade over
the next 12 months if FQM's negative FOCF and adjusted leverage
(debt to EBITDA) are higher than S&P currently factors into its
baseline forecast.  If the group's liquidity tightens in 2016, this
would also put pressure on the rating.

More specifically, a downgrade of FQM could be triggered by one or
more of these:

   -- Delays getting consent from the bank to reset some of the
      covenants and/or covenant issues under the new covenant;
   -- Execution issues and a lower contribution than S&P currently

      envisage from the group's new projects; and
   -- A downward revision in our copper price assumptions.

S&P could revise the outlook to stable if FQM improves its
liquidity, with adequate headroom to absorb the volatility in
copper prices or lower copper production.  S&P views FFO to debt of
above 12% as commensurate with the current rating, with continued
negative FOCF, but we also factor in the upward trend in growth as
projects fuel EBITDA.



FORESIGHT ENERGY: Moody's Reviews 'B2' CFR for Upgrade
------------------------------------------------------
Moody's placed all ratings of Foresight Energy LLC, a company 100%
owned by Foresight Energy LP, on review for upgrade, including the
corporate family rating of B2, senior secured rating of Ba3 and
senior unsecured rating of Caa1.  The review was prompted by the
company's March 15, 2015 announcement that entered a definitive
agreement for a transaction whereby Murray Energy Corporation
(Murray) will acquire a controlling interest in Foresight Energy LP
and Foresight Energy GP LLC.  Following the closing, Murray will
hold roughly 80% of general partner and 50% of limited partner
interests in Foresight Energy.  In turn, Mr. Christopher Cline, the
founder of Foresight, will retain an approximately 20% general
partner interest and an approximately 36% limited partner interest.
If the review results in an upgrade, Moody's expects the potential
movement in the CFR to be no more than one notch (to B1 from B2).

On Review for Upgrade:

Issuer: Foresight Energy, LLC

  -- Probability of Default Rating, Placed on Review for Upgrade,
     currently B2-PD

  -- Corporate Family Rating (Local Currency), Placed on Review
     for Upgrade, currently B2

  -- Senior Secured Bank Credit Facility (Local Currency), Placed
     on Review for Upgrade, currently Ba3, LGD2

  -- Senior Unsecured Regular Bond/Debenture (Local Currency),
     Placed on Review for Upgrade, currently Caa1, LGD5

Outlook Actions:

Issuer: Foresight Energy, LLC

  -- Outlook, Changed To Rating Under Review From Positive

While Moody's expects the transaction to be initially leverage
neutral for Foresight, the review is prompted by potential benefits
from synergies and the improved competitive position of the
combined company.  The transaction may help support prices in the
Illinois Basin (ILB) by bringing together the two major competing
players in the region, and could potentially shift some production
to Foresight's low-cost mines from Murray's ILB operations.  The
review will focus on the extent to which synergies can be achieved,
other future benefits to Foresight's stand-alone business, and any
regulatory impact of the proposed transaction.

The principal methodology used in these ratingss was Global Mining
Industry published in August 2014.  Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.


FOURTH QUARTER: Court Okays Jackson Hole as Real Estate Appraiser
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Georgia
authorized Fourth Quarter Properties 86 LLC to employ Jackson Hole
Real Estate Associates LLC to appraise its real property.

The firm proposes a charge fee of $6,200, plus an hourly rate
charge of $225 for court appearances and deposition testimony and
$125 an hour for any travel time and preparation for court
appearances and deposition testimony.

Thomas A. Ogle, independent contractor of the firm, assures the
Court that the firm is a "disinterested person" within the meaning
of Section 101(14) of the Bankruptcy Code.

Mr. Ogle can be reached at:

   Thomas A. Ogle
   Appraiser
   Jackson Hole Real Estate Associates
   Box 4897
   Jackson, WY 83001
   Tel: 307-739-1104
   Email: tomogle@jhrea.com

                       About Fourth Quarter

Fourth Quarter Properties 86, LLC, sought Chapter 11 protection
(Bankr. N.D. Ga. Case No. 15-10135) in Newnan, Georgia, on Jan. 22,
2015.  According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due May 22, 2015.

Little Suwanee Holdings, LLC, owns 95 percent of the membership
interests in the Debtor while J. Bruce Williams, Jr., holds the
remaining 5 percent.

The Debtor is represented by Ward Stone, Jr., Esq., at Stone &
Baxter LLP, in Macon, Georgia.

The Debtor disclosed $49,124,608 in assets and $75,377,946 in
liabilities in its schedules.


FREEDOM INDUSTRIES: Ex-Owner Pleads Guilty in Chemical Spill Case
-----------------------------------------------------------------
The Associated Press reported that William Tis, a former owner of
Freedom Industries, pleaded guilty to federal Clean Water Act
violations stemming from last year's chemical spill in Charleston
although he expressed doubt whether he committed the crime.

According to the AP, Mr. Tis faces up to a year in prison when
sentenced on June 22 in U.S. District Court and a fine of $25,000
per day per violation, or $100,000 -- whichever is greater.

U.S. District Judge Thomas Johnston said that while he accepted the
plea, he planned to review the facts of the case, the AP related.

                      About Freedom Industries

Freedom Industries Inc. is engaged principally in the business of
producing specialty chemicals for the mining, steel and cement
industries.  The Debtor operates two production facilities located
in (a) Nitro, West Virginia; and (b) Charleston, West Virginia.

The company, connected to a chemical spill that tainted the water
supply in West Virginia, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 14-bk-20017) on
Jan. 17, 2014.  The case is assigned to Judge Ronald G. Pearson.
The petition was signed by Gary Southern, president.

The Debtor is represented by Mark E Freedlander, Esq., at McGuire
Woods LLP, in Pittsburgh, Pennsylvania; and Stephen L. Thompson,
Esq., at Barth & Thompson, in Charleston, West Virginia.

On Dec. 31, 2013, four companies merged under the umbrella of
Freedom Industries: Freedom Industries Inc., Etowah River Terminal
LLC, Poca Blending LLC and Crete Technologies LLC.

As reported in the Troubled Company Reporter on Feb. 20, 2014,
Kate White, writing for The Charleston Gazette, reported that the
Debtor disclosed $16 million in assets and $6 million in
liabilities when it filed for bankruptcy.

On Feb. 5, 2014, the U.S. Trustee appointed an official committee
of unsecured creditors.  The Committee retained Frost Brown Todd
LLC as counsel.

On March 18, 2014, the Bankruptcy Court approved the hiring of
Mark Welch at MorrisAnderson in Chicago as Freedom's chief
restructuring officer.


GLOBALCOR ASSOCIATES: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: Globalcor Associates, LLC
        119 West High Avenue
        New Philadelphia, Oh 44663

Case No.: 15-60533

Chapter 11 Petition Date: March 16, 2015

Court: United States Bankruptcy Court
       Northern District of Ohio (Canton)

Judge: Hon. Russ Kendig

Debtor's Counsel: John L Juergensen, Esq.
                  JOHN L. JUERGENSEN CO., LPA
                  Washington Square Office Park
                  6545 Market Avenue North
                  North Canton, OH 44721
                  Tel: (330) 494-4200
                  Fax: 330-494-4201
                  Email: jlj@juergensenlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Jeffrey Melton, managing member.

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


GOURMET EXPRESS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

    Debtor                                     Case No.
    ------                                     --------
    Gourmet Express Acquisition Fund, LLC      15-13670
    7 Saint Paul Street, Suite 1900
    Baltimore, MD 21202-1626

    Gourmet Express Holdings, LLC              15-13673
    7 Saint Paul Street, Suite 1900
    Baltimore, MD 21202-1626

    Gourmet Express, LLC                       15-13674
    600 Greene Street
    Greenville, KY 42345

Chapter 11 Petition Date: March 16, 2015

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

Judge: Hon. Nancy V. Alquist

Debtors' Counsel: Dennis J. Shaffer, Esq.
                  WHITEFORD, TAYLOR, & PRESTON, LLP
                  7 Saint Paul St.
                  Baltimore, MD 21202
                  Tel: (410) 347-8700
                  Email: dshaffer@wtplaw.com

Debtors'          TRAXI, LLC
Financial
Advisor:
                                     Estimated   Estimated
                                      Assets    Liabilities  
                                    ----------  -----------
Gourmet Express Acquisition         $1MM-$10MM  $10MM-$50MM
Gourmet Express Holdings            $0-$50,000  $10MM-$50MM
Gourmet Express, LLC                $1MM-$10MM  $10MM-$50MM

The petition was signed by Lester L. Good, acting CFO.

A list of Gourmet Express Acquisition's largest unsecured creditors
is available for free at:

              http://bankrupt.com/misc/mdb15-13670.pdf

A list of Gourmet Express Holdings's largest unsecured creditor is
available for free at http://bankrupt.com/misc/mdb15-13673.pdf

A list of Gourmet Express, LLC's 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/mdb15-13674.pdf


GOURMET EXPRESS: Frozen-Meal Maker Files for Bankruptcy
-------------------------------------------------------
Katy Stech, writing for Daily Bankruptcy Review, reported that
facing more than $37 million in debt, the maker of Gourmet
Dining-branded frozen meals that are sold at retailers like
Wal-Mart Stores Inc. and Costco Wholesale Corp. has filed for
bankruptcy protection while looking for a buyer.

According to the report, company officials put Gourmet Express
Acquisition Fund LLC into bankruptcy on March 16, blaming
frozen-meals sales that fell to $49 million last year from $61
million in 2013, partly because of slowed sales with Wal-Mart,
Wakefern and Aldi.


HEI INC: Proposes CBRE as Broker for Minnesota Property
-------------------------------------------------------
HEI, Inc., seeks permission from the U.S. Bankruptcy Court for the
District of Minnesota to employ the real estate services of CBRE,
Inc., including broker Tom Bennett, to represent or assist it in
marketing, locating a buyer for, and negotiating the sale of real
property located at 1495 Steiger Lake Lane, Victoria, Minnesota,
and consisting of land improved by a commercial
office/manufacturing building.

To identify the preferred broker for the Property, the Debtor and
its financial advisor -- BGA Management, LLC d/b/a Alliance
Management -- interviewed three experienced brokerage firms,
including CBRE.  After discussions with the firms and negotiations
regarding commission rates, the Debtor and Alliance selected CBRE
as their top choice.  The Debtor and Alliance summarized the
options and their recommendation to the Official Committee of
Unsecured Creditors, which indicated that it supported the
selection of CBRE.

On Feb. 26, 2015, the Debtor agreed to the terms of the Listing
Agreement with CBRE for the purposes of marketing and selling the
Property.  Under the Listing Agreement, CBRE would receive a 4%
commission for a sale without a buyer's agent, and a 6% commission
for a sale with a buyer's agent, which commission would be shared
between CBRE and the buyer's agent.  All marketing and other
expenses are included in the commission, and CBRE will not charge
any such additional amounts to the Debtor.  

The Debtor consulted with the Committee regarding the terms of the
Listing Agreement, and believes the Committee consents to the
employment of CBRE under the terms set forth in the Listing
Agreement.

The Debtor proposes that CBRE's commission be authorized in
conjunction with the approval of the application, and that it be
authorized to immediately pay in full CBRE's commission when due,
and no application for such commission need be made by CBRE.

                          About HEI, Inc.

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

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

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

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

The U.S. Trustee has appointed three members to the Official
Committee of Unsecured Creditors.  The Committee is represented by
Fafinski, Mark & Johnson, P.A., as its bankruptcy counsel.



HIPCRICKET INC: Creditors' Panel Hires Cooley LLP as Lead Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Hipcricket, Inc.
seeks authorization from the U.S. Bankruptcy Court for the District
of Delaware to retain Cooley LLP as lead counsel, nunc pro tunc to
Jan. 30, 2015.

The Committee requires Cooley LLP to:

   (a) attend the meetings of the Committee;

   (b) review financial and operational information furnished by
       the Debtor to the Committee;

   (c) analyze and negotiate the budget and the terms of the
       debtor-in-possession financing;

   (d) assist in the efforts to sell assets of the Debtor in a
       manner that maximizes value for creditors;

   (e) analyze any proposed Chapter 11 plan;

   (f) confer with the Debtor's management, counsel and financial
       advisors;

   (g) review the Debtor's schedules, statements of financial
       affairs and business plan;

   (h) advise the Committee as to the ramifications regarding all
       of the Debtor's activities and motions before this Court;

   (i) file appropriate pleadings on behalf of the Committee;

   (j) review and analyze the Debtor's investment banker's work
       product and report to the Committee;

   (k) provide the Committee with legal advice in relation to the
       chapter 11 case;

   (l) prepare various applications and memoranda of law submitted

       to the Court for consideration; and

   (m) perform such other legal services for the Committee as may
       be necessary or proper in this proceeding.

Cooley LLP will be paid at these hourly rates:

       Jay R. Indyke, Partner           $1,050
       Sonya F. Erickson, Partner       $845
       Jeffrey L. Cohen, Partner        $785
       Alex R. Velinsky, Associate      $725
       Jeremy H. Rothstein, Associate   $470
       Rebecca Goldstein, Paralegal     $300
       Mollie Canby, Paralegal          $210

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

Jay R. Indyke, member of Cooley LLP, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

Cooley LLP can be reached at:

       Jay Indyke, Esq.
       COOLEY LLP
       1114 Avenue of the Americas
       New York, NY 10036
       Tel: (212) 479-6000
       Fax: (212) 479-6275
       E-mail: jindyke@cooley.com

                       About Hipcricket Inc.

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

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

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

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

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


HIPCRICKET INC: Creditors' Panel Hires Pepper Hamilton as Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Hipcricket, Inc.
seeks authorization from the U.S. Bankruptcy Court for the District
of Delaware to retain Pepper Hamilton LLP as Committee's Delaware
counsel, nunc pro tunc to Jan. 30, 2015.

The Committee requires Pepper Hamilton to:

   (a) assist Cooley as requested in representing the Committee;

   (b) advise the Committee with respect to its rights, duties and

       powers in this case;

   (c) assist and advise the Committee in its consultations with
       the Debtor relating to the administration of this case;

   (d) assist the Committee in analyzing the claims of the
       Debtor's creditors and the Debtor's capital structure and
       in negotiating with the holders of claims and, if
       appropriate, equity interests;

   (e) assist the Committee's investigation of the acts, conduct,
       assets, liabilities and financial condition of the Debtor
       and other parties involved with the Debtor, and of the
       operation of the Debtor's business;

   (f) assist the Committee in its analysis of, and negotiations
       with the Debtor or any other third party concerning matters

       related to, among other things, the assumption or rejection

       of certain leases of non-residential real property and
       executory contracts, asset dispositions, financing
       transactions and the terms of a plan of reorganization or
       liquidation for the Debtor;

   (g) assist and advise the Committee as to its communications,
       if any, to the general creditor body regarding significant
       matters in this case;

   (h) represent the Committee at all hearings and other
       proceedings;

   (i) review, analyze, and advise the Committee with respect to
       applications, orders, statements of operations and
       schedules filed with the Court;

   (j) assist the Committee in preparing pleadings and
       applications as may be necessary in furtherance of the
       Committee's interests and objectives;

   (k) assist the Committee as conflicts counsel, should the need
       arise; and

   (l) perform such other services as may be required and are
       deemed to be in the interests of the Committee in
       accordance with the Committee's powers and duties as set
       forth in the Bankruptcy Code.

Pepper Hamilton will be paid at these hourly rates:

       Donald J. Detweiler, Partner           $720
       Henry J. Jaffe, Partner                $640
       John H. Schanne II, Associate          $425
       Christopher Lano, Paralegal            $250
       Partners, Special Counsel
       and Counsel                            $510-$790
       Associates                             $295-$470
       Paraprofessionals                      $210-$275

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

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

Pepper Hamilton can be reached at:

       Henry Jaffe, Esq.
       PEPPER HAMILTON LLP
       Hercules Plaza, Suite 5100
       1313 N. Market Street
       Wilmington, DE 19899-1709
       Tel: (302) 777-6500
       Fax: (302) 656-8865
       E-mail: jaffeh@pepperlaw.com

                       About Hipcricket Inc.

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

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

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

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

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


HIPCRICKET INC: Creditors' Panel Taps Getzler Henrichas Advisor
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Hipcricket, Inc.
seeks authorization from the U.S. Bankruptcy Court for the District
of Delaware to retain Getzler Henrich & Associates, LLC as
financial advisor to the Committee, nunc pro tunc to Jan. 30,
2015.

The Committee requires Getzler Henrich to:

   (a) assist the Committee and its counsel in connection with
       various ongoing case financial and litigation matters;

   (b) assist the Committee in its oversight and monitoring of the

       ongoing wind-down of the Debtors estates; report
       periodically to the Committee on ongoing case issues and
       financial matters;

   (c) assist the Committee in connection with its analysis and
       resolution of issues related to claims filed against the
       Debtors including administrative, priority or unsecured
       claims, executory contracts, case litigation and related
       damages analysis;

   (d) consistent with the scope of services set forth herein,
       attend and participate in hearings before the Bankruptcy
       Court (as defined below) on an as-needed basis as requested

       by the Committee and agreed to by Getzler Henrich;

   (e) assist the Committee in its analysis of potential for
       recovery and pursuit of funds back to the estates from
       voidable transactions, fraudulent transfers, preference
       payments, D&O claims and other case litigation matters;

   (f) advise the Committee in connection with resolution of
       issues relating to the sale of the Debtors' assets; meet
       with Debtors' wind-down staff on a periodic basis to
       monitor resolution of open issues;

   (g) assist the Committee in connection with the Debtors'
       liquidation process, including assistance in the
       development of a plan(s) of liquidation and related
       disclosure statement(s), modeling of creditor recoveries
       and other financial analyses;

   (h) provide such other related services as may be requested by
       the Committee and as agreed to by Getzler Henrich; and

   (i) provide such other services as may be agreed to by Getzler
       Henrich and the Committee in writing based on discussions
       with you as the engagement progresses and additional
       information is obtained during the course of the
       engagement.

Getzler Henrich will be paid at these hourly rates:

       Principal/Managing Director       $525
       Directors                         $425
       Associates                        $325
       Paraprofessionals                 $125

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

Daniel S. Polsky, managing director of Getzler Henrich, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Getzler Henrich can be reached at:

       David S. Polsky
       GETZLER HENRICH & ASSOCIATES LLC
       295 Madison Avenue, 20th Floor
       New York, NY 10017
       Tel: (212) 697-2400
       Fax: (212) 697-4812

                       About Hipcricket Inc.

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

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

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

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

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


HYDGROCARB ENERGY: Delays Form 10-Q for Jan. 31 Quarter
-------------------------------------------------------
Hydrocarb Energy Corp. filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
Jan. 31, 2015.  The Company has experienced delays in completing
its financial statements for the quarter ended Jan. 31, 2015, as
its auditor has not had sufficient time to review the financial
statements for the quarter ended Jan. 31, 2015.

                      About Hydrocarb Energy

Hydrocarb Energy, formerly known as Duma Energy Corp, is a
publicly-traded Domestic and International energy exploration and
production company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world.
With exploration concessions in Africa, production in Galveston
Bay and Oil Field Services in the United Arab Emirates, the
Company maintain offices in Houston, Texas, Abu Dhabi, UAE and
Windhoek, Namibia.

Hydrocarb Energy reported a net loss of $6.55 million on $5.06
million of revenues for the year ended July 31, 2014, compared to
a net loss of $37.5 million on $7.07 million of revenues for the
year ended July 31, 2013.

"A decline in the price of our common stock could result in a
reduction in the liquidity of our common stock and a reduction in
our ability to raise additional capital for our operations.
Because our operations to date have been largely financed through
the sale of equity securities, a decline in the price of our
common stock could have an adverse effect upon our liquidity and
our continued operations.  A reduction in our ability to raise
equity capital in the future could have a material adverse effect
upon our business plan and operations, including our ability to
continue our current operations," the Company stated in its
Annual Report for the year ended July 31, 2014.


IMS HEALTH: Moody's Rates EUR275MM Notes 'B3' & Affirms 'B1' CFR
----------------------------------------------------------------
Moody's Investors Service assigned B3 ratings to IMS Health Inc.'s
new EUR275 million (approximately US$290 million at current
exchange rates) senior unsecured notes, whose proceeds, along with
$124 million of cash on hand, will be used to effect the
acquisition of the CRM and data arm of Cegedim, a Paris-based tech
and services company focused on healthcare.  Moody's also affirmed
IMS's B1 Corporate Family Rating and B1-PD Probability of Default
rating, the SGL-2 Speculative Grade Liquidity rating, the Ba3
rating on its senior secured debt, and the B3 rating on existing
senior unsecured notes.  The outlook remains stable.

Assignments:

Issuer: IMS Health Incorporated

  -- Senior Unsecured Regular Bond/Debenture, Assigned B3 LGD6

Outlook Actions:

Issuer: IMS Health Incorporated

  -- Outlook, Remains Stable

Affirmations:

Issuer: IMS Health Incorporated

  -- Probability of Default Rating, Affirmed B1-PD

  -- Speculative Grade Liquidity Rating, Affirmed SGL-2

  -- Corporate Family Rating , Affirmed B1

  -- Senior Secured Bank Credit Facility, Affirmed Ba3 LGD3

  -- Senior Unsecured Regular Bond/Debenture, Affirmed B3 LGD6

Moody's believes that IMS's leverage-neutral acquisition of a
business unit less than one-fifth its size and that complements
IMS's global and technological footprint has no impact on the B1
CFR.  Since Cegedim's profit margins appear to be considerably
lower than IMS's, the acquisition, particularly if integration
proves more difficult than anticipated, will put moderate strain on
IMS's otherwise strong profitability.  But IMS is acquiring the
target at an attractive multiple, and the complementary nature of
Cegedim's healthcare database and technologically enhanced
analytics services relative to IMS's should help minimize
obstacles.

The B1 rating also recognizes IMS's enhanced financial flexibility
since last year's IPO as well IMS's lead market position in an
industry with significant barriers to entry.  While competitors
exist, no other market-intelligence provider approaches IMS's
global scale or importance to its large pharmaceutical customers.
The criticality of the data IMS provides to its customers drives
high retention.  Moody's expects that IMS, operating after the IPO
with diminished private equity sponsor control, will not pursue
financial policies that would materially increase financial
leverage.

Given Moody's expectations for strong and generally predictable
annual free cash flows, averaging about $400 million, IMS can
readily rebuild its cash balances.  IMS's good liquidity position
is captured in the SGL-2 liquidity rating. T he ratings could be
raised with maintenance of debt-to-EBITDA approaching 4.0 times,
free-cash-flow-to-debt solidly above 10%, and a demonstrated
commitment to balanced financial policies.  The ratings could be
downgraded if Moody's expect a sustained decline in revenue or
EBITDA due to competitive pressures or difficulty integrating
acquisitions.  Additionally, if Moody's expect debt to EBITDA to be
off its post-IPO trajectory of holding near or below 5.5 times over
the intermediate term, the rating could also be pressured down.

Danbury, CT-based IMS Health, Inc. provides critical sales and
other market intelligence to pharmaceutical companies, researchers,
governments, and financial institutions.  The company undertook an
IPO in April 2014, and continues to be majority owned by affiliates
of TPG Capital, L.P., the Canadian Pension Plan Investment Board,
and Leonard Green & Partners, L.P.. Including the early 2015
Cegedim acquisition, Moody's anticipates IMS will have annual
revenues of about $3.25 billion.

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


IMS HEALTH: S&P Assigns 'B+' Rating on EUR275MM Sr. Unsec. Notes
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B+' issue-level
rating and '5' recovery rating to Danbury, Conn.-based IMS Health
Inc.'s EUR275 million senior unsecured notes.  The notes, with an
eight-year maturity, will fund the company's acquisition of
Cegedim.  The recovery rating on this debt is '5', indicating S&P's
expectation of modest (10% to 30%, at the high end of the range)
recovery in a payment default.

The 'BB-' corporate credit rating on IMS Health reflects the
company's leading position as a provider of critical information to
the health care market, offset by its narrow focus in providing
information primarily to that market.  The outlook is stable.  The
acquisition of Cegedim provides complementary offerings to IMS,
strengthening S&P's perception of IMS' "satisfactory" business risk
profile.  S&P's business risk is not revised given IMS' continued
focus on the health care market.  The notes offering is leverage
neutral and our "aggressive" financial risk assessment is also
unchanged.

RATINGS LIST

IMS Health Inc.
Corporate Credit Rating               BB-/Stable/--

New Rating

IMS Health Inc.
EUR275 Mil. Senior Unsecured Notes    B+
  Recovery Rating                      5H



INFOR INC: Moody's Assigns B3 Ratings to New Sr. Unsecured Notes
----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Infor (US),
Inc.'s proposed senior unsecured note offering.  Moody's also
upgraded the rating on the company's existing unsecured notes
maturing July 2018 and April 2019 to B3 from Caa1 and affirmed
existing ratings including the company's B2 corporate family
rating.  Proceeds from the new notes will be used to repay existing
Infor, Inc. unsecured notes and to fund transaction costs. The
ratings outlook remains negative.

The B3 rating on Infor, Inc.'s proposed and existing senior
unsecured notes reflects its position junior to the secured debt in
the capital structure but senior to the holding company debt.  The
ratings on the existing unsecured notes were revised upward to B3,
reflecting the reduction of first lien debt within the capital
structure. The note instrument ratings were determined in
conjunction with Moody's Loss Given Default Methodology.  Upon
closing, the ratings on any repaid existing notes will be
withdrawn.

The B2 corporate family rating is primarily driven by the
expectation of continued high leverage (in excess of 7x) and is
considered weakly positioned in the B2 category.  Moody's expect
debt levels to remain high absent a public equity offering.  The
ratings also reflect Infor's leading mid market position in the
enterprise software industry, scale (revenues were approximately
$2.8 billion in the LTM January 2015 period), stability of
maintenance revenues and gross margins (which represent over 50% of
revenues at an approximate 82% gross margin) and modest but
predictable free cash flow generating capabilities.  If not for
these factors, the ratings would be lower given the company's debt
load.  Moody's view having a strong capital structure and the
resulting financial flexibility to make acquisitions to be critical
given the evolving nature of the enterprise software industry and
Infor is amongst the most leveraged software players (particularly
compared to much better capitalized competitors, Oracle and SAP).
The enterprise software industry is changing rapidly to incorporate
cloud based subscription delivery which can cause near term top
line headwinds resulting from the timing and recognition of
subscription revenues.

The company's liquidity profile is good based on its cash balances
(estimated at $450 million at closing) and expected free cash flow
generation in excess of $300 million over the next 12 months.
Although the company's cash generation is somewhat seasonal due to
timing of receipt of maintenance revenue payments, Moody's expect
the company will maintain sufficient cash balances in trough
quarters to run the business.  In addition, the company will have
access to an undrawn $150 million revolver.

The negative ratings outlook reflects the limited flexibility in
the rating category if the company pursues even modest debt
financed acquisitions or EBITDA declines. Although unlikely in the
near term given the high leverage, ratings could be upgraded if
leverage can be sustained below 5x, particularly if the company
pursues an IPO.  The ratings could be downgraded if Infor's
revenues and EBITDA decline significantly or leverage is expected
to exceed 7.5x or free cash flow to debt is expected to be below 5%
on other than a temporary basis.  The ratings could also be
downgraded if liquidity were to deteriorate.

Issuer: Infor (US), Inc

  -- Senior Unsecured Regular Bonds/Debentures due July 2018,
     April 2019, April 2019 (Euro), Upgraded to B3 (LGD5) from
     Caa1 (LGD5)

Issuer: Infor (US), Inc

  -- New Senior Unsecured Regular Bonds/Debentures, Assigned B3
     (LGD5)

Issuer: Infor (US), Inc

  -- Senior Secured Bank Credit Facilities, Affirmed Ba3 (LGD2)

Issuer: Infor Software Parent, Inc.

  -- Senior Unsecured Regular Bond/Debenture due May 2021,
     Affirmed Caa1 (LGD6)

Issuer: Infor, Inc.

  -- Probability of Default Rating, Affirmed B2-PD

  -- Corporate Family Rating, Affirmed B2

  -- Outlook, Remains Negative

The principal methodology used in these ratings was Global Software
Industry published in October 2012. Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.  

Infor, Inc., with revenues of approximately $2.8 billion, is one of
the largest providers of enterprise resource planning software.
The company is headquartered in New York, NY.


INFOR INC: S&P Affirms 'B' Corp. Credit Rating
----------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B'
corporate credit rating on New York City-based Infor Inc.  The
outlook is stable.

At the same time, S&P assigned its 'B-' issue-level rating and '5L'
recovery rating to the company's proposed $1.4 billion equivalent
U.S. dollar and Euro senior unsecured notes due 2022. The '5L'
recovery rating indicates S&P's expectation for modest recovery
(10%-30%; in the lower half of the range) in the event of payment
default.

The 'B+' issue-level rating and '2H' recovery rating on the
company's first-lien debt as well as the 'CCC+' issue-level rating
and '6' recovery rating on its holding company notes are
unchanged.

S&P expects that Infor will use the proceeds of the transaction to
refinance its 9.375% and 10% senior notes due 2019 and to pay
related fees.  S&P will withdraw its ratings on the refinanced
notes after the transaction closes.

"The issue-level and recovery ratings on the company's proposed
notes are the same as the ratings on its unsecured debt
outstanding," said Standard & Poor's credit analyst Christian
Frank.  "The corporate credit rating reflects leverage that we
anticipate will increase to the low to mid-8x area in fiscal 2016
(ending in April) as EBITDA declines because of increased expenses
to support the company's software-as-a-service products, as well as
the competitive ERP marketplace with significantly larger players
and meaningful exposure to manufacturing and distribution
end-markets," he added.

The stable outlook reflects S&P's view that Infor's revenue
visibility, good FOCF, large cash position, and interest coverage
that is strong for the 'B' rating, provide ratings support as the
company makes a transition to more subscription-based offerings.

S&P could lower the rating if increased business investment in
support of the company's software-as-a-service products or more
compelling offerings from competitors result in declines in
profitability, or if the company pursues a shareholder distribution
such that it sustains leverage above the 9x area.

S&P is unlikely to raise the rating during the next 12 months
because of the company's high leverage and S&P's view that its
private equity ownership structure likely precludes sustained
deleveraging.



JOHN D. OIL: Seeks $4 Million Loan from Private Capital
-------------------------------------------------------
U.S. Bankruptcy Judge Thomas Agresti is set to hold a hearing on
April 9, 2015, to consider the request of John D. Oil & Gas Co. to
borrow $4 million from Private Capital Group.

The company said it will use the loan to fund its proposed
restructuring plan by paying $3 million to RBS Citizens, N.A. in
exchange for the latter assigning to Private Capital its claims.

The energy company will also use the loan to pay the claim of 1st
Source Bank and for other payments required after the proposed plan
takes effect, according to court filings.

A copy of the Feb. 17, 2015, letter from Private Capital detailing
the terms of the financing is available for free at
http://is.gd/RwmfB4

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

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

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

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

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

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


K.M. VILLAS: Case Summary & 7 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: K.M. Villas LLC
        301 NE 79 St # 3
        Miami, FL 33138

Case No.: 15-14807

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 16, 2015

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Robert A Mark

Debtor's Counsel: Zach B Shelomith, Esq.
                  LEIDERMAN SHELOMITH, P.A.
                  2699 Stirling Rd # C401
                  Ft Lauderdale, FL 33312
                  Tel: (954) 920-5355
                  Fax: (954) 920-5371
                  Email: zshelomith@lslawfirm.net

Total Assets: $1.3 million

Total Liabilities: $2.76 million

The petition was signed by Kevin Hinds, member.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb15-14807.pdf


KINROSS GOLD: Moody's Lowers Sr. Unsecured Rating to 'Ba1'
----------------------------------------------------------
Moody's Investors Service downgraded Kinross Gold Corporation's
senior unsecured rating to Ba1 and assigned the company a Ba1
Corporate Family rating, Ba1-PD Probability of Default rating and
SGL-1 speculative grade liquidity rating.  The company's ratings
outlook remains negative.

"We lowered Kinross' ratings because we expect about two-thirds of
the company's cash flows will be generated from one mining complex
in Russia, which is itself now rated Ba1 ", said Darren Kirk,
Moody's vice president and senior credit officer.

Kinross' Ba1 CFR is primarily driven by Moody's estimate that about
two-thirds of the company's gross profits less sustaining capital
expenditures will be generated from one mining complex in Russia
(Ba1/ negative) and that just four gold mines (including the two in
Russia) will contribute in excess of 85% of the company's cash
flows over the next couple of years.  Concentration risks are
countered by Kinross' low financial leverage (2x adjusted
debt/EBITDA as at December 31, 2014), large scale (2.7 million of
gold equivalent ounces from nine mines in 2014) and very good
liquidity, which provides flexibility to absorb a period of lower
gold prices or event risks associated with its exposure to Russia.

Kinross' mines outside of Russia collectively have higher than
average costs, while the costs of its Russian operations are among
the industry's lowest. Kinross' Russian operations have become a
much larger driver of its cash flow as 1) the price of gold has
declined, 2) the operations have been expanded, and 3) as the
Russian Ruble has depreciated against the US dollar.  Moody's
expects Kinross' ongoing efficiency efforts, together with benefits
from the lower oil price and depreciating currencies against the US
dollar will enable the company to generate modestly positive free
cash flow and maintain financial leverage below 2.5x over the next
couple of years at a gold price sensitivity of $1,200/oz.  However,
without higher spending on development projects or other inorganic
initiatives, Moody's expects Kinross' production will decline
towards the end of the decade.  All else equal, this would likely
cause the company's leverage to increase in that horizon.

Kinross has very good liquidity (SGL-1), which is supported by the
company's $1 billion of cash at Dec. 31, 2014, an essentially
unused $1.5 billion revolving credit facility (matures Aug 2019)
and Moody's expectation that the company will generate modestly
positive free cash flow through at least 2015, incorporating a gold
price sensitivity of $1,200/oz. Kinross' debt maturity schedule
through 2018 consists of $60 million due in 2015, $270 million due
in 2016 and $500 million due in 2018. Moody's expects Kinross will
remain comfortably in compliance with its max 3.5x leverage (net
debt/ EBITDA) bank facility covenant.

The negative ratings outlook reflects pressure on Kinross' credit
profile associated with the uncertain economic and political
environment in Russia and the negative outlook on that country's
own Ba1 rating.  Kinross' US dollar cash flows, for example, would
be significantly impaired should Russia institute some form of
capital controls to impede the outflow of capital and reserves.

Kinross' rating could be upgraded if Moody's expected the company
would materially reduce its concentration of cash flow from Russia
and sustain its adjusted Debt/ EBITDA below 3x while maintaining
solid liquidity.

Kinross' rating could be downgraded if Russia was to be further
downgraded or implemented capital controls, or if Moody's expected
the company's adjusted Debt/EBITDA to be sustained above 4x.

Downgrades:

Issuer: Kinross Gold Corporation

  -- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba1
     (LGD4) from Baa3

Assignments:

Issuer: Kinross Gold Corporation

  -- Corporate Family Rating, Assigned Ba1

  -- Probability of Default Rating, Assigned Ba1-PD

  -- Speculative Grade Liquidity Rating, Assigned SGL-1

Outlook Actions:

Issuer: Kinross Gold Corporation

  -- Outlook, Remains Negative

Headquartered in Toronto, Canada, Kinross is one of the world's ten
largest gold miners with nine operating mines producing about 2.7
million of attributable gold equivalent ounces in 2014.

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


LEHMAN BROTHERS: Ernst & Young Settles Suits with NJ, Calif. Munis
------------------------------------------------------------------
Patrick Fitzgerald, writing for The Wall Street Journal, reported
that Ernst & Young LLP has agreed to settle a pair of lawsuits
filed by the state of New Jersey and a handful of California cities
and counties over losses they suffered when Lehman Brothers
Holdings Inc. collapsed.

According to the report, lawyers for New Jersey and the California
municipalities each said they have reached "an agreement in
principle" to settle their legal disputes with the accounting firm,
although terms of the settlement weren't disclosed.

New Jersey, seven California cities and counties plus one
California-based insurer had accused Ernst & Young of helping
Lehman hide its true financial condition while the bank's
executives were pitching them to invest in "safe" Lehman stock and
securities, the Journal noted.

                     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: Hires Alexander Dubose as Litigation Counsel
-----------------------------------------------------------
Life Partners Holdings, Inc. asks for authorization from the Hon.
Russell F. Nelms of the U.S. Bankrupcy Court for the Northern
District of Texas to Alexander Dubose Jefferson & Townsend LLP as
special litigation counsel, nunc pro tunc to the Jan. 20, 2015
petition date.

Alexander Dubose will continue to advise and represent the Debtor
with respect to the Texas Supreme Court Appeal and the Fifth
Circuit Appeal.  To the extent necessary, Alexander Dubose will
assist the Debtor with the prosecution of its plan of
reorganization as it relates to these matters.

Alexander Dubose will charge for time at its normal and customary
rates for attorneys and legal assistants and will request
reimbursement for its out-of-pocket expenses.  Alexander Dubose
acknowledges that it shall be compensated in accordance with the
procedures set forth in the applicable provisions of the Bankruptcy
Code, the Federal Rules of Bankruptcy Procedure, the Court's local
rules, including L.R. 2016, and such procedures as may be fixed by
order of this Court.

As of the Petition Date, Alexander Dubose had outstanding invoiced
fees due and owing in connection with its representation of the
Debtor in the Texas Supreme Court Appeal in the amount of $14,355
all for services rendered prior to the Petition Date.  As of the
Petition Date, Alexander Dubose had incurred an additional $1,140
in fees in connection with the Texas Supreme Court Appeal that were
not invoiced before the Petition Date ($900.00 of that amount was
incurred prior to and through Jan. 19, 2015; $240.00 of that amount
was incurred on Jan. 20, 2015 through Jan. 31, 2015).

In connection with the Fifth Circuit Appeal, Alexander Dubose has
outstanding invoiced fees due and owing in the amount of $21,430
for services rendered prior to the Petition Date, and it has
additional, un-invoiced fees in connection with the Fifth Circuit
Appeal that were not invoiced before the Petition Date in the
amount of $16,500 ($3,360 of that amount was incurred prior to and
through Jan. 19, 2015; $13,140 of that amount was incurred on Jan.
20, 2015 through Jan. 31, 2015).

Douglas W. Alexander of Alexander Dubose assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

Alexander Dubose can be reached at:

       Douglas W. Alexander, Esq.
       ALEXANDER DUBOSE JEFFERSON & TOWNSEND LLP
       515 Congress Ave., Suite 2350
       Austin, TX 78701
       Tel: (512) 482-9300
       E-mail: dalexander@adjtlaw.com

                         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 -- 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 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: Hires Hudson & Calleja as Litigation Counsel
-----------------------------------------------------------
Life Partners Holdings, Inc. asks for authorization from the Hon.
Russell F. Nelms of the U.S. Bankrupcy Court for the Northern
District of Texas to employ Hudson & Calleja, LLC as special
litigation counsel, nunc pro tunc to the Jan. 20, 2015 petition
date.

Hudson & Calleja will continue to advise and represent the Debtor
with respect to the Woelfel Lawsuit.  To the extent necessary,
Hudson & Calleja will assist the Debtor with the prosecution of its
plan of reorganization as it relates to the Woelfel Lawsuit.

Hudson & Calleja will charge for time at its normal and customary
rates for attorneys and legal assistants and will request
reimbursement for its out-of-pocket expenses.  Hudson & Calleja
acknowledges that it shall be compensated in accordance with the
procedures set forth in the applicable provisions of the Bankruptcy
Code, the Federal Rules of Bankruptcy Procedure, the Court's local
rules, including L.R. 2016, and such procedures as may be fixed by
order of this Court.

As of the Petition Date, Hudson & Calleja had outstanding fees due
and owing in connection with its representation of the Debtor in
the amount of $10,109.69.  Hudson & Calleja has not received a
retainer or trust deposit in connection with its engagement
agreement with the Debtor.  All payments that Hudson & Calleja has
received in this engagement have been made by the Debtor's
subsidiary Life Partners, Inc.

Robert W. Hudson, shareholder and co-founder of Hudson & Calleja,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Hudson & Calleja can be reached at:

       Robert W. Hudson, Esq.
       HUDSON & CALLEJA, LLC
       355 Alhambra Circle, Suite 801
       Coral Gables, FL 33134
       Tel: (305) 444-6628
       Fax: (305) 444-6627
       E-mail: rhudson@hudsoncalleja.com

                         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 -- 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 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: Hires Mackenzie as Special Litigation Counsel
------------------------------------------------------------
Life Partners Holdings, Inc. asks permission from the Hon. Russell
F. Nelms of the U.S. Bankrupcy Court for the Northern District of
Texas to employ C. Alfred Mackenzie, Attorney at Law, as special
litigation counsel, nunc pro tunc to the Jan. 20, 2015 petition
date.

Mackenzie will advise and represent the Debtor with respect to the
Morrow Lawsuit, the Woelfel Lawsuit, the JMD Lawsuit, the Texas
Supreme Court Appeal, and the US Fifth Circuit Appeal.  To the
extent necessary, Mackenzie will assist the Debtor with the
prosecution of its plan of reorganization as it relates to the
Morrow Lawsuit, the Woelfel Lawsuit, the JMD Lawsuit, the Texas
Supreme Court Appeal, and the US Fifth Circuit Appeal.

Subject to the Court's approval, Mackenzie will charge the Debtor
for legal services on an hourly basis in accordance with its
ordinary and customary hourly rates in effect on the date the
applicable services are rendered.  Mackenzie's current hourly rate
is $225 per hour.

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

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

Mackenzie can be reached at:

       C. ALFRED MACKENZIE, ATTORNEY AT LAW
       P.O. Box 2003
       Waco, TX 76703
       Tel: (254) 848-9800

                         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 -- 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 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: Names Douglas Berman as Special Securities Counsel
-----------------------------------------------------------------
Life Partners Holdings, Inc. asks for authorization from the Hon.
Russell F. Nelms of the U.S. Bankrupcy Court for the Northern
District of Texas to Law Office of Douglas M. Berman, PLLC as
special securities counsel, nunc pro tunc to the Jan. 20, 2015
petition date.

Berman will continue to advise and represent the Debtor with
respect to securities compliance matters.  To the extent necessary,
Berman will assist the Debtor with the prosecution of its plan of
reorganization as it relates to compliance with applicable
securities laws.

Berman will charge for time at its normal and customary rates for
attorneys and legal assistants and will request reimbursement for
its out-of-pocket expenses.  Berman acknowledges that it shall be
compensated in accordance with the procedures set forth in the
applicable provisions of the Bankruptcy Code, the Federal Rules of
Bankruptcy Procedure, the Court's local rules, including L.R. 2016,
and such procedures as may be fixed by order of this Court.

As of the Petition Date, Berman had outstanding fees due and owing
in connection with its representation of the Debtor in the amount
of $4,631.25.  Prior to the Petition Date, the Debtor maintained
with Berman a retainer of $10,000 in connection with its engagement
agreement with the Debtor that was replenished with each billing
cycle.  All payments that Berman has received in this engagement
have been made by the Debtor's subsidiary Life Partners, Inc.

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

Berman can be reached at:

       Douglas M. Berman, Esq.
       LAW OFFICE OF DOUGLAS M. BERMAN, PLLC
       4925 Greenville Ave., Suite 200
       Dallas, TX 75206
       Tel: (214) 562-7069
       E-mail: Doug@DougBermanLaw.com

                        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 -- 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 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: Taps Meadows Collier as Special Tax Counsel
----------------------------------------------------------
Life Partners Holdings, Inc. seeks authorization from the Hon.
Russell F. Nelms of the U.S. Bankrupcy Court for the Northern
District of Texas to employ Meadows, Collier, Reed, Cousins, Crouch
& Ungerman, L.L.P. as special tax counsel, nunc pro tunc to the
Jan. 20, 2015 petition date.

Meadows Collier will continue to advise and represent the Debtor
with respect to the Internal Revenue Service administrative
proceeding.  To the extent necessary, Meadows Collier will assist
the Debtor with the prosecution of its plan of reorganization as it
relates to the Internal Revenue Service administrative proceeding.

Meadows Collier will charge for time at its normal and customary
rates for attorneys and legal assistants and will request
reimbursement for its out-of-pocket expenses.  Meadows Collier
acknowledges that it shall be compensated in accordance with the
procedures set forth in the applicable provisions of the Bankruptcy
Code, the Federal Rules of Bankruptcy Procedure, the Court's local
rules, including L.R. 2016, and such procedures as may be fixed by
further Court order.

As of the Petition Date, Meadows Collier had outstanding fees due
and owing in connection with its representation of the Debtor in
the amount of $35,579.50.  Meadows Collier has not received a
retainer or trust deposit in connection with its engagement
agreement with the Debtor.

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

Meadows Collier can be reached at:

       Anthony Daddino, Esq.
       MEADOWS, COLLIER, REED, COUSINS,
       CROUCH & UNGERMAN, L.L.P.
       901 Main Street, Suite 3700
       Dallas, TX 75202
       Tel: (214) 744-3700
       Fax: (214) 747-3732

                         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 -- 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 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: Taps Meyer Unkovic as Special Litigation Counsel
---------------------------------------------------------------
Life Partners Holdings, Inc. asks for authorization from the Hon.
Russell F. Nelms of the U.S. Bankruptcy Court for the Northern
District of Texas to employ Meyer, Unkovic & Scott, LLP as special
litigation counsel, nunc pro tunc to the Jan. 20, 2015 petition
date.

Meyer Unkovic will continue to advise and represent the Debtor with
respect to the Morrow Lawsuit.  To the extent necessary, Meyer
Unkovic will assist the Debtor with the prosecution of its plan of
reorganization as it relates to the Morrow Lawsuit.

Meyer Unkovic will charge for time at its normal and customary
rates for attorneys and legal assistants and will request
reimbursement for its out-of-pocket expenses. Meyer Unkovic
acknowledges that it shall be compensated in accordance with the
procedures set forth in the applicable provisions of the Bankruptcy
Code, the Federal Rules of Bankruptcy Procedure, the Court's local
rules, including L.R. 2016, and such procedures as may be fixed by
order of this Court.

As of the Petition Date, Meyer Unkovic had outstanding fees due and
owing in connection with its representation of the Debtor in the
amount of $4,942.  Meyer Unkovic has not received a retainer or
trust deposit in connection with its engagement agreement with the
Debtor.  All payments that Meyer Unkovic has received in this
engagement have been made by the Debtor's subsidiary Life Partners,
Inc.

Joshua R. Lorenz, partner of Meyer Unkovic, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Meyer Unkovic can be reached at:

       Joshua R. Lorenz, Esq.
       MEYER, UNKOVIC & SCOTT, LLP
       535 Smithfield St., Suite 1300
       Pittsburgh, PA 15222-2315
       Tel: (412) 456-2836
       Fax: (412) 456-2864
       E-mail: jrl@muslaw.com

                         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 -- 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 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.


LONGVIEW POWER: Court Confirms Reorganization Plan
--------------------------------------------------
Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware on March 16, 2015, signed off a findings of
fact, conclusions of law, and order confirming Longview Power, LLC,
et al.'s Second Amended Joint Plan of Reorganization, after
determining that the plan complies with the confirmation
requirements under Section 1129 of the Bankruptcy Code.

"This case was a complex and challenging case, and I'm delighted by
the results," Judge Shannon said during a hearing in U.S.
Bankruptcy Court in Wilmington, Del., after confirming the plan,
Sara Randazzo, writing for Daily Bankruptcy Review, reported.

The Plan incorporates the settlement among the Debtors, First
American Title Insurance Company, and their contractors Amec Foster
Wheeler North America, Kvaerner, and Siemens Energy, Inc.

Under the settlement, First American will deliver $41 million to an
escrow agent, Longview will deliver $2 million to the escrow agent,
and Siemens will deliver $12.5 million to the escrow agent.  The
settlement also provides that the escrow agent will deliver $48
million to Kvaerner and $7.5 million to Foster Wheeler.

The settlement will end litigation between Longview and insurer
First American over the payout of a policy covering the builders'
senior claims.  There was an impending trial on whether an
$825 million policy issued by First American is property of
Longview's bankrupt estate and whether this policy can be used to
pay claims of contractors.

Under the Second Amended Plan, general unsecured claims (Class 7)
are impaired and are entitled to vote.  If Class 7 votes to accept
the Plan, holders will receive cash in an amount equal to the
lesser of (x) their pro rata share of the unsecured creditor cash
pool or (y) 22.07% of their allowed general unsecured claim.  If
Class 7 votes to reject the Plan, they will receive cash in an
amount equal to the lesser of (x) their pro rata share of the
unsecured rejecting creditor cash pool or (y) 5.52% of their
allowed general unsecured claim.

Jung W. Song, Managing Director of Balloting and Distribution at
Donlin, Recano & Company, Inc., filed a declaration saying the Plan
received overwhelming acceptance.  A full-text copy of the Song
Declaration is available at
http://bankrupt.com/misc/LONGVIEWtab0313.pdf

                       About Longview Power

Longview Power LLC is a special purpose entity created to
construct, own, and operate a 695 MW supercritical pulverized
coal-fired power plant located in Maidsville, West Virginia, just
south of the Pennsylvania border and approximately 70 miles south
of Pittsburgh.  The project is owned 92% by First Reserve
Corporation (First Reserve or sponsor), a private equity firm
specializing in energy industry investments, through its affiliate
GenPower Holdings (Delaware), L.P., and 8% by minority interests.

Longview Power, LLC, filed a Chapter 11 (Bank. D. Del. Lead Case
13-12211) on Aug. 30, 2013.  The petitions were signed by Jeffery
L. Keffer, the Company's chief executive officer, president,
treasurer and secretary.  The Debtor estimated assets and debts of
more than $1 billion.  Judge Brendan Linehan Shannon presides over
the case.  Kirkland & Ellis LLP and Richards, Layton & Finger,
P.A., serve as the Debtors' counsel.  Lazard Freres & Company LLC
acts as the Debtors' investment bankers.  Alvarez & Marsal North
America, LLC, is the Debtors' restructuring advisors.  Ernst &
Young serves as the Debtors' accountants.  The Debtors' claims
agent is Donlin, Recano & Co. Inc.

The Debtor disclosed assets of $1.72 billion plus undisclosed
amounts and liabilities of $1.08 billion plus undisclosed
amounts.

A committee of unsecured creditors has not been appointed in the
case due to insufficient response to the U.S. Trustee's
communication/contact for service on the committee.



LYNX AT RIVER BEND: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: The Lynx at River Bend Golf Club, Inc.
        531 Route 434
        Shohola, PA 18458

Case No.: 15-35461

Nature of Business: Golf Course

Chapter 11 Petition Date: March 17, 2015

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

Judge: Hon. Cecelia G. Morris

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

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Andrew R. Koch, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nysb15-35461.pdf


MAGNESIUM CORP: Judge Tacks on 6% Interest to Renco Jury Award
--------------------------------------------------------------
Stephanie Gleason, writing for Daily Bankruptcy Review, reported
that a federal judge added an extra 6% to the $101 million jury
award against Renco Corp. and company owner, billionaire Ira
Rennert, to account for nearly 14 years of missed interest payments
on debt tied to the company's bankrupt magnesium mining
subsidiary.

The report said the interest awarded by Judge Alison Nathan of the
U.S. District Court in Manhattan -- 6% a year in non-compounding
interest dating back to 2001 -- amounts to roughly $95 million,
according to a representative for the trustee that brought the case
against Renco, and will bring the total recovery to about $213
million.

As previously reported by The Troubled Company Reporter, jurors in
New York have found that Mr. Rennert plundered now-bankrupt
Magnesium Corp. of America to pay for personal luxuries, including
a Hamptons mansion that's one of the world's biggest private homes.
The Manhattan federal court ordered Mr. Rennert and his Renco
Group to pay $118 million in damages.

The case is Magnesium Corporation of America et al v. The Renco
Group, Inc. et al., Case No. 1:13-cv-07948 (S.D.N.Y.).

                         About MagCorp

Magnesium Corporation of America, a unit of Renco Group Inc., was
the largest single producer of magnesium in the United States.
The
Company filed for chapter 11 protection (Bankr. S.D.N.Y. Case No.
01-14312) on Aug. 2, 2001.  The Debtors sold substantially all of
their assets to U.S. Magnesium, LLC, in a Sec. 363 asset sale
transaction.  Judge Robert Gerber ordered the case converted to a
chapter 7 liquidation on Sept. 24, 2003.  When the Company filed
for Chapter 11 protection from its creditors, it listed debts and
assets of more than $100 million.


MCCLATCHY CO: Reports $374 Million Net Income for 2014
------------------------------------------------------
The McClatchy Company filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income of
$374 million on $1.14 billion of net revenues for the year ended
Dec. 28, 2014, compared with net income of $18.8 million on $1.21
billion of net revenues for the year ended Dec. 29, 2013.

As of Dec. 28, 2014, the Company had $2.55 billion in total assets,
$2.05 billion in total liabilities and $503.38 million in
stockholders' equity.

The Company's cash and cash equivalents were $220.9 million as of
Dec. 28, 2014, compared to $80.8 million of cash at Dec. 29, 2013.
The cash and cash equivalents balance as of Dec. 28, 2014, reflects
a $146.9 million cash distribution from Classified Ventures, LLC,
which is equal to the Company's share of the proceeds from its sale
of Apartments.com business; the $34 million in cash proceeds
received from the sale of Anchorage; and the $606.2 million in cash
proceeds received from the sale of our ownership interest in
Classified Ventures, LLC.

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

                        http://is.gd/vMYdXz

                    About The McClatchy Company

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

                           *     *     *

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

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


MEDICAL CARD: S&P Affirms 'B-' Counterparty Credit Ratings
----------------------------------------------------------
Standard & Poor's Ratings Services said that it has affirmed its
'B-'
counterparty credit ratings on Medical Card System Inc. (MCS), as
well
as S&P's 'B-' ratings on the company's senior secured notes.  S&P
also
lowered its counterparty credit and financial strength ratings on
MCS'
operating companies (MCS Advantage Inc. and MCS Life Insurance Co.)
to
'B+' from 'BB-'.  At the same time, S&P placed all of the ratings
on
CreditWatch with negative implications.

"MCS' capitalization deteriorated in 2014 which, in our view,
weakens
the financial profile of the operating entities.  On a statutory
accounting basis, the company reported consolidated operating
company
capital of $45 million as of Sept. 30, 2014, compared with $85
million
at year-end 2013," said Standard & Poor's credit analyst Deep
Banerjee.  "We believe it's likely that MCS will not meet the 200%
risk-based capital requirement for the full-year 2014.  If MCS is
unable to meet these regulatory requirements, it will have to file
a
plan for restoration of capital with regulators.  The company has
still not filed its year-end statutory financials, and we are
unable
to forecast any regulatory decisions that may be taken by the Dept.
of
Insurance in Puerto Rico."

S&P will resolve the CreditWatch listing once MCS has filed its
annual
statutory financial statements and S&P is able to ascertain the
regulatory capital ratio and any regulatory impact on the
company's
operations.

"We will likely lower the ratings if regulatory intervention is
imminent or if liquidity deteriorates so that MCS is unable to
make
interest or principal payments," Mr. Banerjee continued.  "On the
other hand, if MCS receives regulatory approval or a waiver for
its
capital levels and group liquidity remains adequate to meet
debt-servicing requirements, we may revise our outlook to stable
at
the current rating level."


MURRAY ENERGY: Moody's Reviews 'B3' CFR for Upgrade
---------------------------------------------------
Moody's placed all ratings of Murray Energy Corporation on review
for possible upgrade, including the corporate family rating of B3,
probability of default rating of B3-PD, first lien term loan rating
of B1 and second lien debt rating of Caa1.  The review was prompted
by the company's March 15, 2015 announcement that it had entered
into a definitive agreement for a transaction whereby Murray will
acquire a controlling interest in Foresight Energy LP and Foresight
Energy GP LLP.   Following the closing, Murray will hold roughly
80% of general partner and 50% of limited partner interests in
Foresight Energy.  If the review results in an upgrade, Moody's
expects the potential movement in the CFR to be no more than two
notches (to B1 from B3).

The review is prompted by the transformative nature of the
transaction, which will significantly increase the size and scale
of Murray's operations. Moody's expects that the $1.4 billion
purchase price will be financed with debt, with pro-forma
consolidated Debt/EBITDA, as adjusted, at Dec. 31, 2014 of roughly
4.4x.  While the expected leverage for the combined company is
higher than each company's stand-alone leverage prior to the
transaction, the review for upgrade reflects the potential for
competitive advantages and synergies that will be derived from
merging two major players in the Illinois Basin and Northern
Appalachia.  Moody's believes the combined company will benefit
from logistical advantages and the low-cost position of Foresight
mines in the Illinois Basin, as well as the low-cost position of
Murray's Northern Appalachian mines acquired from CONSOL in
December 2013.  The review will focus on the extent to which
synergies can be achieved and any regulatory impact of the proposed
transaction.

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


PARK FLETCHER: April 13 Hearing on Motion to Use Cash Collateral
----------------------------------------------------------------
The Bankruptcy Court will convene a final hearing on April 13,
2015, at 9:00 a.m., to consider Park Fletcher Realty, LLC's motion
to use cash collateral, and the limited objection filed by creditor
Filbert Orton Eat, LLC.

Filbert Orton, in its limited objection, stated that the budget
attached to the appears to indicate that the rent generated from
the property on a monthly basis is $40,000.  However, the alleged
rent roll provided by the Debtor as of Feb. 18, 2015, shows the
effective monthly rent more in the range of $240,000.  It appears
that the Debtor is unable to provide meaningful operational
information.

The amount owed to lender is not less than $12,800,000.

As reported in the TCR on Feb. 26, 2015, prior to the Petition
Date, the Debtor's liquidity needs were met by the rent revenue
generated from operating the 15 multi-tenant and 2 single-tenant
industrial flex and office-warehouse building.  The Debtor's loan
facility with FOE was essentially crafted to finance the
acquisition of the real estate.  FOE's claim arises from its
financing of the transaction in which FOE sold the real estate to
the Debtor.  The Debtor had a short window to refinance that
transaction and simply was not able to close in time to avoid
default.  FOE commenced litigation to collect on its Note and
alleged a balance due of less than $12,600,000, all of which is
secured by the Real Estate and the rents derived from operating
it.

KC Cohen, Esq., in Indianapolis, Indiana, told the Court that the
Debtor does not have access to any other source of financing for
its postpetition operations in the near term and this inability to
obtain and maintain sufficient operating liquidity to meet its
postpetition obligations on a timely basis may result in a
permanent and irreplaceable loss of value in its assets and a
resultant diminution in the value of the Debtor to the detriment of
its creditors.

The Debtor proposes to grant adequate protection to FOE in the form
of replacement liens and the payments shown in the budget.  It is
expected that upon closing of a transaction with a take-out lender
FOE will be paid in full from the proceeds of the closing, Mr.
Cohen said.

                    About Park Fletcher Realty

Park Fletcher Realty, LLC filed a Chapter 11 bankruptcy petition
(Bank. S.D. Ind. Case No. 15-00843) on Feb. 15, 2015.  The
petition was signed by Shawn Williams as managing member.  KC
Cohen, Esq., at KC Cohen, Lawyer, PC, serves as the Debtor's
counsel.  The Debtors estimated assets and liabilities of $10
million to $50 million.  Judge Jeffrey J. Graham presides over the
case.



PETTERS CO: Chap. 11 Trustee Taps RPA as Financial Advisor
----------------------------------------------------------
Douglas A. Kelley, as the Chapter 11 trustee for Petters Company,
Inc., et al., sought approval from the U.S. Bankruptcy Court for
the District of Minnesota to employ RPA Advisors, LLC, as his
financial advisor, effective Jan. 21, 2015.

The Trustee has tapped RPA as financial advisor to perform an
independent review of strategic alternatives related to the PCI
Bankruptcy Estate and its secured loan with Zink Imaging, Inc., in
order to preserve value and maximize recoveries for the bankruptcy
estate and its creditors, including without limitation, the
following:

   a) Evaluation and assessment of short-term cash flow forecast
      and liquidity needs of Zink.

   b) Review and analysis of Zink's short-term business strategy
      and its short-term and long-term forecasts and budgets,
      including underlying assumptions;

   c) Review and analysis of alternatives for the preservation
      and maximization of value, including continued investment,
      a near-term sale of real estate and intellectual property,
      etc.;
  
   d) Review of cost structure, operations and capital
      expenditures to identify opportunities for improvement
      and the preservation of value;

   e) Assessment of collateral value in a restructuring or
      sale; and

   f) Assess, report and advise the Trustee on potential
      strategic, restructuring alternatives or exit options
      available including without limitation, (i) debt
      restructuring, (ii) debt sale, (iii) asset sale,
      (iv) systematic wind-down over the medium-term, or
      (v) immediate liquidation.

PCI and Zink are parties to the Third Amended and Restated Secured
Convertible Promissory Note executed and delivered by Zink in favor
of PCI in the principal amount of $13,259,696, along with the
Security Agreement granting PCI a security interest in all, or
substantially all, of Zink's personal property, a Deed of Trust on
Zink's real property in Whitsett, North Carolina, and other
agreements and documents related to the foregoing.

Zink has also incurred additional debt financing, granting
subordinated security interests in its assets to junior lenders. On
May 7, 2013, the Bankruptcy Court authorized the Trustee to enter
into one or more Subordination Agreements that recognized and
confirmed that the liens and security interests granted by Zink to
PCI are senior to those to be granted by Zink to any other
lenders.

The Zink Note matured on Dec. 31, 2013, having an outstanding
principal balance of $13,259,696, together with accrued interest,
fees and costs thereon, that became immediately due and owing and
went into default.  Zink requested and the Trustee, subject to
certain conditions, agreed to forbear from exercising his
enforcement rights, powers and remedies under the Zink Note, the
Security Agreement, the Deed of Trust, the other Loan Documents and
under applicable law during a Forbearance Period ending on the
earlier of May 31, 2014 or the date that an Event of Default (as
defined in the Forbearance Agreement) occurred.  The parties
entered a Forbearance Agreement.  On Feb. 11, 2014, the Bankruptcy
Court approved the Applicant's entry into the Initial Forbearance
Agreement.

In June 2014, Zink requested that the Trustee further forbear and
the Trustee and Zink entered into a second Forbearance Agreement
under which the Trustee agreed, subject to certain conditions, to
forbear under the Loan Documents, and without waiving the existing
defaults, during the period ending on the earlier to occur of (i)
Sept. 30, 2014, (ii) closing date of any debt or equity financing
that enabled Zink to obtain gross proceeds of $55 million or more,
or (iii) the date that an Event of Default.  Under the terms of the
Second Forbearance Agreement, Zink was to pay the Trustee a
non-refundable fee of $100,000 within three days of court approval
of the Trustee's entry into the Second Forbearance Agreement by the
Bankruptcy Court.  PCI was also granted a warrant for the purchase
of a number of shares of Zink common stock.  On June 25, 2014 the
Bankruptcy Court approved the Applicant's entry into the Second
Forbearance Agreement.

Zink is and remains in default under the Loan Documents and the
forbearance agreements, including the Second Forbearance Agreement.
The Trustee is in need of a financial advisor to assist the
Trustee in, among other things, evaluating various alternatives for
the preserving the value of the collateral pledged by Zink to PCI
under the Loan Documents and maximizing recoveries.

The Trustee believes that the best interest of the PCI Bankruptcy
Estate will be served by retaining RPA as financial advisors.  RPA
is a full-service financial advisory and restructuring firm.  RPA's
professionals have an average of more than 15 years of
restructuring experience across many industries and have provided
advisory services to lenders, investors, committees and other
parties in interest.

Several of RPA's professionals represented senior secured lenders
in Polaroid's prior bankruptcy case and have some familiarity with
the intellectual property pledged as part of the Collateral
securing the obligations of Zink under the Zink Note and other Loan
Documents.  RPA is agreeable to performing such services for the
Trustee and the Bankruptcy Estate in these cases under the terms of
the engagement letter.

Compensation to RPA will be based on the current hourly rates of
the personnel advising the Trustee, plus reimbursement of actual
and necessary expenses incurred by RPA in providing services to the
Trustee.  The current hourly rates of personnel currently expected
to provide services to the Trustee are as follows:

            Category                  Hourly Rate
            --------                  -----------
         Executive Directors          $600 to $835
         Consulting Staff             $220 to $595
         Support Staff                $140 to $195

To the best of the Trustee' knowledge, information and belief, RPA
does not hold or assert a prepetition claim against the Debtors,
(ii) RPA is not otherwise a creditor of the Debtors, and (iii)
neither RPA nor any of its members or employees hold or represent
any material interest adverse to the Trustee, to the Debtors, their
estates or any party in interest, its representative attorneys and
accountants, the United States Trustee, or their respective
attorneys and it is a disinterested person.

                       About Petters Company

Based in Minnetonka, Minn., Petters Group Worldwide LLC is a
collection of some 20 companies, most of which make and market
consumer products.  It also works with existing brands through
licensing agreements to further extend those brands into new
product lines and markets.  Holdings include Fingerhut (consumer
products via its catalog and Web site), SoniqCast (maker of
portable, WiFi MP3 devices), leading instant film and camera
company Polaroid (purchased for $426 million in 2005), Sun Country
Airlines (acquired in 2006), and Enable Holdings (online
marketplace and auction for consumers and manufacturers' overstock
inventory).  Founder and chairman Tom Petters formed the company
in
1988.

Petters Company, Inc., is the financing and capital-raising unit of
Petters Group Worldwide.

Thomas Petters, the founder and former CEO of Petters Group, has
been indicted and a criminal proceeding against him is proceeding
in the U.S. District Court for the District of Minnesota.

Petters Company, Petters Group Worldwide and eight other affiliates
filed separate petitions for Chapter 11 protection (Bankr. D. Minn.
Lead Case No. 08-45257) on Oct. 11, 2008.  In its petition, Petters
Company estimated its debts at $500 million and $1 billion.  Parent
Petters Group Worldwide estimated its debts at not more than
$50,000.

Petters Aviation, LLC, and affiliates MN Airlines, LLC, doing
business as Sun Country Airlines, Inc., and MN Airline Holdings,
Inc., filed separate petitions for Chapter 11 bankruptcy protection
(Bankr. D. Minn. Case Nos. 08-45136, 08-35197 and 08-35198) on Oct.
6, 2008.  Petters Aviation is a wholly owned unit of Thomas Petters
Inc. and owner of MN Airline Holdings, Sun Country's parent
company.

The Official Committee of Unsecured Creditors is represented by:
David E. Runck, Esq., Lorie A. Klein, Esq., at FAFINSKI MARK &
JOHNSON, P.A.

Chapter 11 Trustee Douglas A. Kelley is represented by James A.
Lodoen, Esq., Mark D. Larsen, Esq., Kirstin D. Kanski, Esq., Adam
C. Ballinger, Esq., at Lindquist & Vennum LLP.



PETTERS COMPANY: Chapter 11 Trustee Hires AEC as Appraiser
----------------------------------------------------------
The Hon. Gregory F. Kishel of the U.S. Bankruptcy Court for the
District of Minnesota authorized Douglas A. Kelley, Chapter 11
Trustee for the bankruptcy case of Petters Company Inc. and its
debtor-affiliates, to employ Aaron Equipment Company Inc. as
appraiser.

The firm will provide valuation services relating to the processing
equipment of Zink Imaging Inc. located principally
at its manufacturing facility in Whitsett, North Carolina,
specifically to provide a forced liquidation and fair market value
appraisal relating to the property.

According to the Debtors, the firm has agreed to provide its
valuation and appraisal report to the Trustee in this engagement
for a fixed fee in the amount of $7,500, plus reimbursement of
actual and necessary expenses incurred by it in providing services
to the Trustee.  If additional services are required, as providing
expert testimony, additional fees will be incurred.

Michael J. Cohen, vice president of the firm, assured the Court
that the firm is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code.

Mr. Cohen can be reached at:

   Michael J. Cohen
   Aaron Equipment Company Inc.
   PO Box 80
   Bensenville, IL 60106
   Tel: (630) 350-2200
   Fax: (630) 350-9047
   Email: mcohen@aaronequipment.com

                        About Petters Company

Based in Minnetonka, Minn., Petters Group Worldwide LLC is a
collection of some 20 companies, most of which make and market
consumer products.  It also works with existing brands through
licensing agreements to further extend those brands into new
product lines and markets.  Holdings include Fingerhut (consumer
products via its catalog and Web site), SoniqCast (maker of
portable, WiFi MP3 devices), leading instant film and camera
company Polaroid (purchased for $426 million in 2005), Sun Country
Airlines (acquired in 2006), and Enable Holdings (online
marketplace and auction for consumers and manufacturers' overstock
inventory).  Founder and chairman Tom Petters formed the company in
1988.

Petters Company, Inc., is the financing and capital-raising unit of
Petters Group Worldwide.

Thomas Petters, the founder and former CEO of Petters Group, has
been indicted and a criminal proceeding against him is proceeding
in the U.S. District Court for the District of Minnesota.

Petters Company, Petters Group Worldwide and eight other affiliates
filed separate petitions for Chapter 11 protection (Bankr. D. Minn.
Lead Case No. 08-45257) on Oct. 11, 2008.  In its petition, Petters
Company estimated its debts at $500 million and $1 billion.  Parent
Petters Group Worldwide estimated its debts at not more than
$50,000.

Petters Aviation, LLC, and affiliates MN Airlines, LLC, doing
business as Sun Country Airlines, Inc., and MN Airline Holdings,
Inc., filed separate petitions for Chapter 11 bankruptcy protection
(Bankr. D. Minn. Case Nos. 08-45136, 08-35197 and 08-35198) on Oct.
6, 2008.  Petters Aviation is a wholly owned unit of Thomas Petters
Inc. and owner of MN Airline Holdings, Sun Country's parent
company.

The Official Committee of Unsecured Creditors is represented by:
David E. Runck, Esq., Lorie A. Klein, Esq., at FAFINSKI MARK &
JOHNSON, P.A.

Chapter 11 Trustee Douglas A. Kelley is represented by James A.
Lodoen, Esq., Mark D. Larsen, Esq., Kirstin D. Kanski, Esq., Adam
C. Ballinger, Esq., at Lindquist & Vennum LLP.


PHARMACYTE BIOTECH: Incurs $1.4 Million Net Loss for Jan. 31 Qtr.
-----------------------------------------------------------------
Pharmacyte Biotech, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.45 million on $0 of product sales for the three months ended
Jan. 31, 2014, compared to a net loss of $459,000 on $0 of product
sales for the same period during the prior year.

For the nine months ended Jan. 31, 2015, the Company reported a net
loss of $7.10 million on $0 of product sales compared to a net loss
of $10.78 million on $0 of product sales for the same period last
year.

As of Jan. 31, 2015, the Company had $6.62 million in total assets,
$379,000 in total liabilities and $6.24 million in total
stockholders' equity.

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

                        http://is.gd/CQ9TOi

                  About PharmaCyte Biotech, Inc.

PharmaCyte Biotech, Inc., formerly known as Nuvilex Inc, is
dedicated to bringing to market scientifically derived products
designed to improve the health, condition and well-being of those
who use them.  The Company is a clinical stage biotechnology
company focused on developing and preparing to commercialize
treatments for cancer and diabetes based upon a proprietary
cellulose-based live-cell encapsulation technology known as
Cell-in-a-Box.  The Company intends to use this unique and patented
technology as a platform upon which to build treatments for several
types of cancer, including advanced, inoperable pancreatic cancer,
and diabetes.

Nuvilex incurred a net loss of $1.59 million on $12,200 of product
sales for the 12 months ended April 30, 2013, as compared with a
net loss of $1.89 million on $66,600 of total revenue during the
prior year.

Robison, Hill & Co., in Salt Lake City, Utah, issued a "going
concern" qualification on the consolidated financial statements
for the year ended April 30, 2013.  The independent auditors noted
that the Company has suffered recurring losses from operations
which raises substantial doubt about its ability to continue as a
going concern.


PLATTSBURGH SUITES: Amends List of Top Unsecured Creditors
----------------------------------------------------------
Plattsburgh Suites, LLC, filed with the U.S. Bankruptcy Court for
the Northern District of New York an amended list of its creditors
holding the 20 largest unsecured claims, which include:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Stabilis Fund II, LLC                                $17,023,867
767 Fifth Avenue, 12th Floor
New York, NY 10153

DCG/UGOC Income Fund LLC                              $9,695,415
c/o Richard Davis
9009B Perimeter Woods Drive
Charlotte, NC 28216

Estate of Walter F. Uccellini                         $2,058,242
c/o Jessica F. Steffensen
Co-Executor
1839 North Cleveland Avenue
Chicago, IL 60614

American Construction Co., LLC     Construction       $1,735,987
Rensselaer Technology Park         Services
300 Jordan Road
Troy, NY 12180

United Group of Companies, Inc.    Advance              $550,000
Rensselaer Technology Park
300 Jordan Road
Troy, NY 12180

IPFS Corporation                                          $6,261

Charter Business                                          $5,324

U.S. Security Associates, Inc.                            $4,140

North Country Landscapes, LLC                             $3,000

Casella Waste Management, Inc.                            $1,462

New York State Insurance                                    $952

Bob Evans Fire Sprinkler                                    $764

Maintenance USA                                             $440

Schindler Elevator Corp.                                    $395

Verizon Wireless                                            $393

Alliance Worldwide                                          $252

IRIO, Inc.                                                  $199

Security Mutual Life Insurance                              $180

Grace Hill, Inc.                                            $174

Yardi Resident Screening                                    $131

Plattsburgh Suites, LLC, filed for Chapter 11 protection (Bankr.
N.D.N.Y. Case No. 15-10077) in Albany, New York, on Jan. 16, 2015,
disclosing $32.06 million in liabilities.  The case is assigned to
Judge Robert E. Littlefield Jr.  The Debtor has tapped Richard L.
Weisz, Esq., at Hodgson Russ LLP, in Albany, New York, as counsel.



PROCTOR-INDUSTRY: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Proctor-Industry, LLC
        13725 "A" Proctor Ave
        City of Industry, CA 91746

Case No.: 15-13931

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 16, 2015

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

Judge: Hon. Sandra R. Klein

Debtor's Counsel: Jerome D Stark, Esq.
                  540 N Golden Circle Dr, Ste 203
                  Santa Ana, CA 92705
                  Tel: 714 558 8014

Total Assets: $6 million

Total Liabilities: $8 million

The petition was signed by John Liddell, managing member.

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


QUICKSILVER RESOURCES: Case Summary & 30 Top Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

    Debtor                                     Case No.
    ------                                     --------
    Quicksilver Resources Inc.                 15-10585
       aka Wellflex Energy Solutions
    801 Cherry Street, Suite 3700, Unit 19
    Fort Worth, TX 76102

    Barnett Shale Operating LLC                15-10586

    Cowtown Drilling, Inc.                     15-10587

    Cowtown Gas Processing L.P.                15-10588

    Cowtown Pipeline Funding, Inc.             15-10589

    Cowtown Pipeline L.P.                      15-10590

    Cowtown Pipeline Management, Inc.          15-10591

    Makarios Resources International           15-10592
    Holdings LLC

    Makarios Resources International Inc.      15-10593

    QPP Holdings LLC                           15-10594

    QPP Parent LLC                             15-10595

    Quicksilver Production Partners GP LLC     15-10596

    Quicksilver Production Partners LP         15-10597

    Silver Stream Pipeline Company LLC         15-10598

Type of Business: An exploration and production company engaged in
                  the development and production of long-lived
                  natural gas and oil properties onshore North
                  America.

Chapter 11 Petition Date: March 17, 2015

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Debtors' Counsel: Rachel Layne Biblo, Esq.
                  Paul N. Heath, Esq.
                  Amanda R. Steele, Esq.
                  RICHARDS, LAYTON & FINGER, P.A.
                  One Rodney Square
                  920 North King Street
                  Wilmington, DE 19801
                  Tel: 302-651-7599
                  Fax: 302-498-7599
                  Email: Biblo@rlf.com
                         heath@rlf.com
                         steele@rlf.com

                   - and -

                  Charles R. Gibbs, Esq.

                  Sarah Link Schultz, Esq.
                  AKIN GUMP STRAUSS HAUER & FELD LLP
                  1700 Pacific Avenue, Suite 4100
                  Dallas, Texas 75201
                  Tel: (214) 969-2800
                  Fax: (214) 969-4343
                  Email: cgibbs@akingump.com
                         sschultz@akingump.com

                  Ashleigh L. Blaylock, Esq.

                  Kevin M. Eide, Esq.

                  AKIN GUMP STRAUSS HAUER & FELD LLP
                  Robert S. Strauss Building

                  1333 New Hampshire Avenue, N.W.
                  Washington, DC 20036-1564
                  Tel: (202) 887-4000
                  Fax: (202) 887-4288
                  Email: blaylocka@akingump.com
                  keide@akingump.com

Debtors'          HOULIHAN LOKEY
Financial
Advisor and
Investment
Banker:

Debtors'          John Little
Strategic         DELOITTE TRANSACTIONS AND ANALYTICS LLP
Alternative
Officer:

Debtors'          GCG, INC.
Claims and
Noticing
Agent:

Total Assets: $1.2 billion

Total Debts: $2.35 billion

The petition was signed by Vanessa Gomez LaGatta, senior vice
president, CFO and treasurer.

Consoliated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Wilmington Trust                   7 1/8% Senior     $361,568,229
National Association               Subordinated
Peter Finkel                        Notes Due
50 South Sixth Street, Ste 1290        2016
Minneapolis, MN 55402
Fax: 612-217-5651
PFinkel@WilmingtonTrust.com

Delaware Trust Company             11.000% Senior    $332,646,528
Sandra Horwitz and Bill Popeo      Notes Due 2021
2711 Centerville Road, Ste 400
Wilmington, DE 19808
Fax: 302-636-8666
bpopeo@delawaretrust.com
shorwitz@delawaretrust.com

U.S. Bank National Association      9 1/8% Senior    $312,729,271
James McGinley and Sandra Spivey    Notes Due
2300 W. Sahara, Ste 200                2019
Nevada Financial Center
Las Vegas, NV 89102
Fax: 702-251-1660
sandra.spivey@usbank.com;
james.mcginley@usbank.com

Oasis Pipeline LP                       Trade          $1,333,357
Roy Patton
P.O. Box 951439
Dallas, TX 75395-1439
Fax: 281-260-5642
Tel: 210-403-7300

Energy Transfer Fuel LP                 Trade          $1,032,767
Roy Patton
P.O. Box 951439
Dallas TX 75395-1439
Fax: 281-260-5642
Tel: 210-403-7300

Pinnergy Ltd                            Trade           $970,623
Randy Taylor, President & CEO
111 Congress Ste 2020
Austin, TX 78701
Fax: 512-343-8885
Tel: 817-389-2105

Trunkline Gas Company LLC               Trade           $623,266
Shelly Corman
P.O. Box 201203
Houston, TX 77216-1203
Tel: 713-989-2410
Fax: 713-989-1177

Targa Liquids Marketing                 Trade           $380,480
and Trade
Hunter Battle
P.O. Box 730155
Dallas, TX 75373-0155
Tel: 713-584-1443
Fax: 713-554-1110

Baker Hughes Business Support           Trade           $281,229
John Wayne Faul
P.O. Box 301057
Dallas, TX 75303-1057
Tel: 682-233-9898
Fax: 713-439-8699

Midcontinent Express Pipeline LLC       Trade           $241,123
Andy Edling
500 Dallas St, Ste 1000
Houston, TX 77002
Tel: 713-495-2861
Fax: 713-369-9365

Enlink North Texas                      Trade           $148,781

West Texas LPG Pipeline                 Trade           $147,871
Ltd Partnership

Houston Pipe Line Company LP            Trade           $130,116

Enlink North Texas Pipeline LP          Trade            $98,204

Corpro Inc.                          Professional        $80,043

ETC Katy Pipeline Ltd                   Trade            $58,146

Cravath Swaine & Moore LLP           Professional        $43,571

Landmark Graphics Corp                  Trade            $41,505

Meridian Compensation Partners LLC   Professional        $35,424

Knowledgelake Inc.                      Trade            $31,909

Georges Creek Swd Limited               Trade            $31,281

Compliance & Ethics Learning Solutions  Trade            $27,800

United States Postal Service            Trade            $10,000
    
GlobeNewswire                           Trade             $8,392

BMC Software Inc.                       Trade             $8,373

Lee Hecht Harrison LLC               Professional         $6,930

Citrix Systems Inc.                     Trade             $6,678

SNI Financial                         Contractor          $6,610

Independence Water LP                   Trade             $5,000

Texas Built Plumbing                    Trade             $3,976


QUICKSILVER RESOURCES: Crestwood to Cooperate in Restructuring
--------------------------------------------------------------
Crestwood Midstream Partners LP on March 17 disclosed that
Quicksilver Resources Inc., a gathering and processing customer in
the Barnett Shale, has filed for protection under Chapter 11 of the
U.S. Bankruptcy code.  As announced previously, Crestwood has been
preparing for this event for some time and expects to actively
participate in the bankruptcy proceedings.  Crestwood's gathering
and processing systems are integral to Quicksilver's Barnett Shale
operations, as a substantial amount of their revenues are derived
from the sale of natural gas and natural gas liquids produced from
acreage dedicated to Crestwood.

Quicksilver is current on all outstanding invoices received from
Crestwood.  Crestwood estimates that approximately $2.2 million of
pre-petition services were not yet invoiced at the time of filing,
and Crestwood expects to receive payment for those services.
Additionally, Crestwood plans to continue providing services to
Quicksilver in accordance with existing agreements, and expects to
receive payment for those services in a timely manner as well.

Crestwood supports Quicksilver's efforts to restructure its balance
sheet and will continue to cooperate in the restructuring process.
Weil, Gotshal & Manges LLP has been retained to represent Crestwood
in these proceedings.

                About Crestwood Midstream Partners

Houston, Texas, based Crestwood Midstream Partners LP is a master
limited partnership that owns and operates midstream businesses in
multiple unconventional shale resource plays across the United
States.  Crestwood Midstream is engaged in the gathering,
processing, treating, compression, storage and transportation of
natural gas; storage, transportation and terminalling of NGLs; and
gathering, storage, terminalling and marketing of crude oil.

                         About Quicksilver

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

The Company disclosed $1,214,302,000 in assets and $2,352,173,000
in liabilities as of Dec. 31, 2014.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11 of
title 11 of the United States Code in Delaware.  The Debtors are
seeking joint administration under the main case, In re Quicksilver
Resources Inc. Case No. 15-10585.  Quicksilver's Canadian
subsidiaries were not included in the chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton & Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc. is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent and has launched the Web site
http://www.gardencitygroup.com/cases/kwk


QUICKSILVER RESOURCES: Files for Chapter 11 Bankruptcy
------------------------------------------------------
Quicksilver Resources, a Fort Worth, Texas-based natural gas and
oil exploration and production company, filed a voluntary petition
under Chapter 11 of the U.S. Bankruptcy Code in Delaware after its
marketing process failed to generate a viable offer.

Quicksilver's U.S. subsidiaries Barnett Shale Operating LLC,
Cowtown Drilling, Inc., Cowtown Gas Processing L.P., Cowtown
Pipeline Funding, Inc., Cowtown Pipeline L.P., Cowtown Pipeline
Management, Inc., Makarios Resources International Holdings LLC,
Makarios Resources International Inc., QPP Holdings LLC, QPP Parent
LLC, Quicksilver Production Partners GP LLC, Quicksilver Production
Partners LP, and Silver Stream Pipeline Company LLC also sought
bankruptcy protection.  Quicksilver's Canadian subsidiaries were
not included in the chapter 11 filing.

Quicksilver Resources Canada Inc. ("QRCI") has reached an agreement
with its first lien secured lenders regarding a forbearance for a
period up to and including June 16, 2015 of any default under
QRCI's first lien credit agreement arising due to the Chapter 11
filing.  The company does not anticipate that U.S. and Canadian
operations will be interrupted as a result of the Chapter 11
filing.

Glenn Darden, Quicksilver's Chief Executive Officer said,
"Quicksilver's strategic marketing process has not produced viable
options for asset sales or other alternatives to fully address the
company's liquidity and capital structure issues.  We believe that
chapter 11 provides the flexibility to accomplish an effective
restructuring of Quicksilver for its stakeholders."

Quicksilver has filed a series of motions with the Court to ensure
the continuation of normal operations, including requesting Court
approval to continue paying employee wages and salaries and
providing employee benefits without interruption. The Company has
also asked for authority to continue honoring royalty obligations,
working interest obligations, and other obligations related to oil
and gas leases. The Company expects that the Court will approve
these requests. During the chapter 11 process, suppliers will be
paid in full for all goods and services provided after the filing
date as required by the Bankruptcy Code.

                   Prepetition Capital Structure

The Company disclosed $1,214,302,000 in assets and $2,352,173,000
in liabilities as of Dec. 31, 2014.

As of the Petition Date, the Debtors have secured debt facilities
in place in an aggregate face amount of $1.098 billion, which
comprises: (a) no less than $273 million in combined first lien
senior secured revolving credit facility obligations, consisting of
a senior secured U.S. revolving credit facility (the "U.S. Credit
Facility") and a senior secured Canadian revolving credit facility
(the "Canadian Credit Facility"), (b) a $625 million second lien
term loan (the "Second Lien Credit Facility"), and (c) $200 million
of second lien floating rate notes due 2019 (the "Second Lien
Notes").

In addition, the Debtors have unsecured obligations with respect to
$300 million of senior notes due 2019, $325 million of Senior Notes
due 2021, and $350 million of senior subordinated notes due 2016.

As of the Petition Date, QRI had 191,634,503 shares of common stock
issued, and members of the Darden family and entities controlled by
them beneficially owned approximately 25% of QRI's outstanding
common stock.

                      Events Leading to Ch. 11

Vanessa Gomez LaGatta, Senior Vice President and CFO, explained in
a court filing that in late 2013 and early 2014, the Debtors
recognized the need to address certain aspects of their capital
structure and other obligations.  Specifically, the Debtors sought
to address key issues related to, among other things, (a) potential
springing maturities under the Combined Credit Agreements, the
Second Lien Credit Agreement and the Second Lien Indenture related
to the outstanding Senior Subordinated Notes; (b) the KKR Capital
Expenditure requirements; (c) the Debtors' high debt-to-cash flow
ratio, relative to comparable companies; and (d) potential
financial covenant defaults under the Combined Credit Agreements.

To assist with addressing these concerns, the Debtors retained
Houlihan Lokey Capital, Inc.  Initially, Houlihan Lokey assisted
the Debtors with the negotiation of an amendment to certain
agreements relating to the Fortune Creek Partnership to extend the
ending date for the KKR Capital Expenditure to the earlier of June
30, 2016, or 12 months following the consummation of a transaction
involving a material portion of the Horn River Basin and to broaden
allowable expenditures to include acquisitions of producing
properties that utilize partnership assets.

During this time, the Debtors amended certain definitions to the
Combined Credit Agreements providing the Debtors incremental
flexibility to continue to comply with the financial covenants
contained in the Combined Credit Agreements.  The Debtors also
divested non-core assets including, the May 1, 2014 sale of certain
assets in the Niobrara formation of the Sand Wash Basin in Colorado
owned jointly by the Debtors and SWEPI LP for cash proceeds of
approximately $180 million, which were allocated equally between
the Debtors and SWEPI LP.

While the KKR amendment, the amendments to the Combined Credit
Agreements, and the disposition of the majority of the Debtors'
Colorado assets provided the Debtors with additional time, they did
not address the underlying issues related to the Debtors' capital
structure and other obligations impacting liquidity.

The Debtors utilized the additional time provided by the KKR
amendment, the amendments to the Combined Credit Agreements, and
the Colorado asset dispositions to explore strategic alternatives.
During this period the Debtors continued to work with Houlihan
Lokey and they retained Deloitte Transactions and Business
Analytics LLP to assist with the evaluation of options to address
near-term debt maturities, enhancement of the Debtors' liquidity
position, employee retention, and evaluation of strategic
alternatives.

After evaluating their strategic alternatives, during the third
quarter of 2014, the Debtors launched a formal marketing process,
led by Houlihan Lokey, covering any and all of Quicksilver's
operating assets.  Bids for such assets were initially due in
December 2014, but the bid deadline was subsequently extended to
late January 2015.  After the bid deadline passed, the Debtors
evaluated the bids that were received with their advisors.

Following discussions with various bidders, the Debtors concluded
that the marketing process had not yet produced any viable options
for asset sales or other strategic alternatives that would likely
have a material impact on the Debtors' capital structure or
liquidity.

Contemporaneous with the strategic alternatives marketing process,
unfavorable economic and political developments, natural disasters
and an unseasonably warm and late winter for much of North America
caused commodity prices to fall precipitously.  By way of example,
when the marketing process began the spot price for natural gas was
approximately $4.30 per mmbtu versus today's spot price of
approximately $2.73 per mmbtu.  While the Debtors' significant
hedge position provides some protections against volatile commodity
prices in 2015, none of the Debtors' NGLs are hedged and the
majority of the Debtors' post-2015 production is unhedged.

Despite the strength of their assets, the Debtors believe that the
volatility of commodity prices coupled with general uncertainty in
the oil and gas market hindered their marketing efforts.

In February 2015, in light of (a) not yet having identified a
transaction that would have a material impact on their capital
structure or their liquidity, (b) the potential springing
maturities under the Combined Credit Agreement, the Second Lien
Credit Agreement and the Second Lien Indenture, and (c) the
potential receipt of an opinion containing a going-concern
uncertainty from QRI's auditor, the Debtors elected not to make the
approximately $13.6 million interest payment on their 2019 Senior
Notes, which was due on Feb. 17, 2015.  During the 30-day grace
period provided for in the 2019 Senior Notes Indenture, the Debtors
continued discussions with their creditors.  The Debtors'
discussions with their creditors did not produce an agreement that
would enable the Debtors to effectively address, in a holistic
manner, the impending issues adversely impacting their business,
including (i) potential springing maturities under the Combined
Credit Agreements, the Second Lien Credit Agreement and the Second
Lien Indenture, (ii) potential near term liquidity shortfalls due
to the springing maturities, (iii) potential near term breaches of
certain financial covenants resulting from sharp declines in
natural gas and NGL prices, and (iv) certain other potential
defaults under the Combined Credit Agreements and the Second Lien
Credit Agreement, including the receipt of an opinion containing a
going-concern uncertainty from QRI's auditor.

As a result, each of the Debtors filed a voluntary petition under
Chapter 11 of the Bankruptcy Code in order to restructure the
Debtors' debt obligations and capital structure.

Contemporaneous with the filing of the Chapter 11 cases, QRCI and
the lenders under the Combined Credit Agreements entered into a
Waiver and Forbearance Agreement.  Among other things, the
Forbearance Agreement provides that the Canadian Lenders will
forbear from exercising rights and remedies under the Canadian
Credit Agreement that they otherwise would have been entitled to
exercise as a result of and/or related to the chapter 11 cases, up
to June 16, 2015.  As a result of the Forbearance Agreement, the
Non-Debtor Canadian Entities have not commenced insolvency
proceedings in Canada.

                         First Day Motions

The Debtors on the Petition Date filed motions to:

   -- jointly administer their Chapter 11 cases;
   -- pay employee wages and benefits;
   -- establish procedures for transfers of equity securities;
   -- prohibit utilities from discontinuing service;
   -- maintain their bank accounts;
   -- continue their prepetition insurance coverage;
   -- pay sales and use taxes;
   -- pay critical trade vendor claims;
   -- pay prepetition claims of certain lienholders; and
   -- pay royalty obligations.

A copy of the affidavit in support of the first day motions is
available for free at:

  http://bankrupt.com/misc/Quicksilver_1st_Day_Affidavit.pdf

                         About Quicksilver

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11 of
title 11 of the United States Code in Delaware.  The Debtors are
seeking joint administration under the main case, In re Quicksilver
Resources Inc. Case No. 15-10585.  Quicksilver's Canadian
subsidiaries were not included in the chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton & Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc. is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent and has launched the Web site
http://www.gardencitygroup.com/cases/kwk



QUICKSILVER RESOURCES: To Limit Trading to Protect NOLs
-------------------------------------------------------
Quicksilver Resources Inc., and its debtor-affiliates ask the U.S.
Bankruptcy Court for the District of Delaware to set notification
and objection procedures regarding certain transfers of, or claims
of worthlessness with respect to, equity securities in
Quicksilver.

The Debtors seek to protect and preserve their valuable tax
attributes, including the NOLs, tax credits and other tax
attributes, ultimately benefiting all stakeholders.

The Debtors have incurred, and are currently incurring, significant
net operating losses ("NOLs"), amounting to $826 million as of the
end of 2014, translating to potential tax savings of approximately
$289.1 million based on a 35% federal income tax rate.  Sections
39(a), 59(e), 172(b), and 904(d) of the Internal Revenue Code of
1986 (as amended, the "IRC") permit a corporation to carry forward
tax attributes to offset taxable income and tax liability, thereby
significantly improving the corporation's liquidity in the future.

Because an "ownership change" may negatively impact the Debtors'
utilization of their NOLs, the Debtors proposed these procedures:

   * Any "substantial shareholder" -- entity that has beneficial
ownership of at least 9,102,850 shares of common stock of QRI,
constituting approximately 4.75% of the outstanding shares of
common stock -- must serve and file a declaration on or before the
later of (i) 30 days after the notice of the interim order
approving the procedures and (ii) 10 days after becoming a
substantial shareholder.

   * Prior to effectuating any transfer of the equity securities
that would result in another entity becoming a substantial
shareholder, the parties to such transaction must serve and file a
notice of the intended stock transaction.

   * The Debtors have 20 calendar days after receipt of the stock
transaction notice to object to the proposed transaction.

   * If the Debtors do not object, the proposed transaction may
proceed.

   * Any transfer of the equity securities in violation of the
procedures will be null and void ab initio.

The Debtors also request that the Court enter an order restricting
the ability of shareholders that own or have owned 50% or more, by
value, of the Debtors' equity securities to claim a deduction for
the worthlessness of those securities on their federal or state tax
returns for a tax year ending before the Debtors emerge from
chapter 11 protection.  The proposed procedures provide that:

   * Any entity that currently is or becomes a 50% shareholder must
file notice of such status on or before the later of (a) 30 days
after the date of entry of the Interim Order and (b)
10 days after becoming a 50% Shareholder.

   * Prior to filing any federal or state tax return, or any
amendment to such a return, claiming any deduction for
worthlessness of the equity securities of QRI, for a tax year
ending before the Debtors' emergence from chapter 11 protection,
such 50% Shareholder must file an advance written notice of the
intended claim of worthlessness.

   * The Debtors will have 20 calendar days after receipt of a
Declaration of Intent to Claim a Worthless Stock Deduction to file
an objection to any proposed claim of worthlessness.

   * If the Debtors file an objection, the filing of the return
with such claim would not be permitted unless approved by a final
and non-appealable order of the Court.

                         About Quicksilver

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11 of
title 11 of the United States Code in Delaware.  The Debtors are
seeking joint administration under the main case, In re Quicksilver
Resources Inc. Case No. 15-10585.  Quicksilver's Canadian
subsidiaries were not included in the chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton & Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc. is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent.


QUICKSILVER RESOURCES: To Pay $5.8MM to Critical Vendors
--------------------------------------------------------
Quicksilver Resources Inc., et al., ask the U.S. Bankruptcy Court
for the District of Delaware to pay up to $5.80 million in
prepetition claims of critical vendors.

The preservation of key business relationships and minimization of
the effects of the chapter 11 process on the end users of the
Debtors' oil and gas activities are among management's primary
goals as the Debtors transition into chapter 11.  Accordingly, the
Debtors intend to pay certain necessary trade vendors that are not
subject to written contracts with the Debtors or that have trade
liens and that are so essential to the Debtors' business that the
loss of their particular goods or services would cause immediate
and irreparable harm to the Debtors' business, goodwill, and market
share.

The Debtors will only pay the critical vendors that agree to
continue to supply goods or services to the Debtors on customary
trade terms for a period of time or on other such terms and
conditions as are acceptable to the Debtors.

                         About Quicksilver

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

The Company disclosed $1,214,302,000 in assets and $2,352,173,000
in liabilities as of Dec. 31, 2014.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11 of
title 11 of the United States Code in Delaware.  The Debtors are
seeking joint administration under the main case, In re Quicksilver
Resources Inc. Case No. 15-10585.  Quicksilver's Canadian
subsidiaries were not included in the chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton & Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc. is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent.


REDF MARKETING: Court Rejects Bid to Dismiss Suit v. North Carolina
-------------------------------------------------------------------
Bankruptcy Judge J. Craig Whitley denied defendant's motion to
dismiss the complaint captioned The Finley Group, Liquidating Agent
for Redf Marketing LLC Plaintiff, v. State of North Carolina
Defendant, Adversary Proceeding Case No. 14-03267.

Redf Marketing, LLC, operated an advertising and marketing agency
in Charlotte, North Carolina and was wholly owned by Daniel and
Sara Roselli.  The Debtor and the Rosellis were sued in a trade
secret lawsuit, which resulted in a judgment against them in August
2012.  The judgment creditors then successfully sought to put the
Debtor into involuntary bankruptcy on October 12, 2012. The
involuntary bankruptcy caused the Debtor to lose one of its primary
customers and rendered it not viable. Thus, the Debtor chose to
liquidate in Chapter 11 and converted the case on October 29, 2012.
The Finley Group was appointed liquidating agent as part of the
Debtor's bankruptcy plan.

In the current action, plaintiff seeks to recover three transfers
made by the Debtor to the State of North Carolina. The first two
transactions constitute payments made by the Debtor to satisfy
personal tax debts of the Rosellis amounting to $64,470. The third
transaction, in the amount of $2,500, was paid to the State
Treasurer as a Local Government Commission Fee owed by another
entity owned by the Rosellis pertaining to financing for a real
estate transaction.

Judge Whitley finds the State's arguments meritless, and thus
denies the bid to dismiss the action.

A copy of the judge's March 10, 2015 Order is available at
http://is.gd/rXuQuXfrom Leagle.com.


RENAULT WINERY: Proposes Sharer Petree as Accountant
----------------------------------------------------
Renault Winery, Inc., seeks authority from the U.S. Bankruptcy
Court for the District of New Jersey to employ Sharer Petree Brotz
& Snyder as accountant.

The Debtor says it is in the interest of its estate that a
qualified accountant be appointed to render necessary services for
the proper administration of the estate.

The firm will, among other things, investigate financial affairs of
the Debtor and related parties; prepare all necessary state and
federal tax and information returns; and perform other customary
services for the proper administration of the case.

The firm's fees based on its normal and usual hourly billing rates,
subject to annual adjustment are:

                            Hourly Rates
                            ------------
         Partner            $315 to $340
         Manager            $225 to $250
         Senior Associate   $140 to $215
         Junior Associate    $70 to $135

To the best of the Debtor's knowledge, the firm is a "disinterested
person" under 11 U.S.C. Sec. 101(14).

                       About Renault Winery

Renault Winery, Inc., and its affiliates own and operate a hotel,
two restaurants, a golf course, and a winery.  The hotel is located
in Egg Harbor City, N.J., and the other businesses are located on
adjacent property in Galloway Township, N.J.  Renault Winery has
served South Jersey as a winery and restaurant facility for the
past 150 years.  Joseph Milza and his wife, Geraldine, took over
the operations of Renault Winery in 1974.

The companies that operate the businesses are Renault Winery Inc.
(winery, restaurant and gift shop), Renault Golf LLC (golf course),
and Tuscany House LLC (hotel, restaurant, and banquet facility).
Renault Realty Co., Renault Winery Property LLC, and Renault Winery
Inc., own the real estate on which the businesses operate, as well
as other real estate in the immediate area.



RETROPHIN INC: Amends 2014 Annual Report to Correct Disclosure
--------------------------------------------------------------
Retrophin, Inc., filed an amendment to its annual report on Form
10-K for the year ended Dec. 31, 2014, as filed with the Securities
and Exchange Commission on March 11, 2015, for the sole purpose of
correcting the disclosure in Part III, Item 12 regarding the
Company's equity compensation plan information and the security
ownership of certain beneficial owners of the Company's capital
stock.  

The following table sets forth certain information regarding the
ownership of the Company's common stock as of Dec. 31, 2014:

                                      Number of      Percentage
                                        Shares        of Shares
                                     Beneficially    Beneficially
                                        Owned           Owned
                                     ------------    ------------
5% or greater stockholders           
Prudential Financial, Inc.            3,148,693          11.9%
Consonance Capman GP LLC              2,551,535           9.7%
Broadfin Healthcare Master Fund Ltd   2,549,874           9.6%
QVT Financial LP                      2,053,019           7.8%
Opaleye L.P.                          1,858,441             7%
Lombard Odier Asset Management        1,750,000           6.6%
(USA) Corp

Directors and named executive officers
Martin Shkreli                        2,547,956           9.4%
Stephen Aselage                         359,034           1.4%
Marc Panoff                             168,315              *
Alvin Shih                               76,668              *
Steve Richardson                        128,887              *
Margaret Valeur-Jensen                        -              -
Cornelius Golding                        21,167              *
Jeffrey Meckler                          21,668              *
Gary Lyons                                6,668              *
All current executive officers          630,759           2.4%  
and directors as a group
(8 persons)

* Represents beneficial ownership of less than one percent.

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

                        http://is.gd/EPqeJn

                          About Retrophin

Retrophin, Inc., develops, acquires and commercializes therapies
for the treatment of serious, catastrophic or rare diseases.  The
Company offers Chenodal(R), a treatment for gallstones;
Vecamyl(R), a treatment for moderately severe to severe essential
hypertension and uncomplicated cases of malignant hypertension;
and Thiola, for the prevention of kidney stone formation in
patients with severe homozygous cystinuria.

Retrophin reported a net loss of $111 million for 2014 following a
net loss of $34.6 million for 2013.  As of Dec. 31, 2014, Retrophin
had $135 million in total assets, $173 million in total
liabilities, and a $37.3 million total stockholders' deficit.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2014.  The accounting firm noted that the Company has
suffered recurring losses from operations, used significant amounts
of cash in its operations, and expects continuing future losses.
In addition, at Dec. 31, 2014 the Company had deficiencies in
working capital and net assets of $70.2 million and $37.3 million,
respectively.  Finally, while the Company was in compliance with
its debt covenants at Dec. 31, 2014, it expects to not be in
compliance with these covenants in 2015.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


ROSENSTEIN PROPERTIES: Case Summary & 7 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Rosenstein Properties, LLC
        2111 E Pratt Blvd
        Elk Grove Village, IL 60007

Case No.: 15-09195

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 16, 2015

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

Judge: Hon. Janet S. Baer

Debtor's Counsel: Abraham Brustein, Esq.
                  DIMONTE & LIZAK, LLC
                  216 W. Higgins Road
                  Park Ridge, IL 60068
                  Tel: 847 698-9600 Ext. 221
                  Fax: 847 698-9623
                  Email: abrustein@dimonteandlizak.com

                    - and -

                  Julia Jensen Smolka, Esq.
                  DIMONTE & LIZAK, LLC
                  216 West Higgins Road
                  Park Ridge, IL 60068
                  Tel: 847 698-9600 Ext. 231
                  Fax: 847 698-9623
                  Email: jjensen@dimonteandlizak.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael Madej, manager.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/ilnb15-09195.pdf


SABINE OIL: To Face Noteholder Attys in Change-of-Control Suit
--------------------------------------------------------------
Shasha Dai, writing for DBR High Yield, reported that attorneys
representing Sabine Oil & Gas Corp., a First Reserve Corp.-backed
energy producer, are scheduled to meet in court with lawyers for
Forest Oil Corp. noteholders for the first time since the
noteholders filed a February lawsuit against Sabine regarding the
company's troubled merger with Forest late last year.

According to the report, Sigmund Wissner-Gross, a partner with law
firm Brown Rudnick LLP who represents noteholders' trustee
Wilmington Savings Fund Society, said a preliminary conference is
scheduled for March 30.

As previously reported by The Troubled Company Reporter, Sabine
Oil, on Feb. 25, 2015, received a notice of default and
acceleration from the trustee, Wilmington, as successor to U.S.
Bank National Association, with respect to the Company's 7.25%
Senior Notes due 2019, alleging certain events of default had
occurred under the Notes.

The Notice alleged that (i) the events and transactions that are
the subject of, or have been referenced in the Company's two
reports on Form 8-K filed on Dec. 16, 2014 (the "Business
Combination Transactions"), constituted a change of control under
the Indenture and (ii) the Company's failure to issue a change of
control offer pursuant to the Indenture and repurchase the Notes
pursuant to the change of control redemption provision of the
Notes
resulted in an event of default on Jan. 15, 2015.  The Trustee has
demanded acceleration of the Notes and payment in full of all
amounts owing under the Notes.  The Company said it does not
believe that a change of control occurred under the Indenture for
the Notes as a result of the Business Combination Transactions,
and
therefore do not believe that the Trustee's claims hold merit.

                            About Sabine

Sabine Oil & Gas LLC, (formerly Forest Oil Corporation) is an
independent energy company engaged in the acquisition, production,
exploration and development of onshore oil and natural gas
properties in the United States.  Sabine's current operations are
principally located in Cotton Valley Sand and Haynesville Shale in
East Texas, the Eagle Ford Shale in South Texas, and the Granite
Wash in the Texas Panhandle.  See http://www.sabineoil.com/     

Ernst & Young LLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements of Forest
Oil for the year ended Dec. 31, 2013.  The independent accounting
firm noted that the Company has determined that it expects to fail
a financial covenant in its Credit Facility sometime prior to the
end of 2014, which could result in the acceleration of all
borrowings thereunder and the Company's senior unsecured notes due
2019 and 2020.  This raises substantial doubt about the Company's
ability to continue as a going concern.

The Company's balance sheet at Sept. 30, 2014, the Company had
$927 million in total assets, $1.07 billion in total
liabilities, and a $148 million shareholders' deficit.

                            *    *    *

As reported by the TCR on Feb. 16, 2015, Moody's Investors Service
affirmed Forest Oil's 'B3' Corporate Family Rating, as well as its
'B3-PD' PDR and SGL-3 Speculative Grade Liquidity Rating.

"The combination of Sabine and Forest joins two companies whose
principal assets in East Texas and the Eagle Ford Shale are highly
complementary, creating a company much larger in size and scale
than the two companies are individually, although one whose
production and reserves remain heavily weighted to natural gas,"
commented Andrew Brooks, Moody's Vice President.

Standard & Poor's Ratings Services has discontinued its 'B'
corporate credit rating on Sabine Oil & Gas LLC, the TCR reported
on Feb. 11, 2015.


SAGE AUTOMOTIVE: S&P Assigns 'B' CCR; Outlook Stable
----------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Greenville, S.C.-based automotive interior
textiles (fabrics) supplier Sage Automotive Interiors Inc.  The
outlook is stable.

"At the same time, we assigned our 'B' issue-level and '3' recovery
ratings to Sage's $155 million first-lien term loan and $30 million
add-on first-lien term loan.  The '3' recovery rating indicates our
expectation that lenders would receive a meaningful (high end of
the 50% to 70% range) recovery in the event of a payment default.
We also assigned our 'CCC+' issue-level and '6' recovery ratings to
the company's $35 million second-lien term loan.  The '6' recovery
rating indicates our expectation that lenders would receive
negligible recovery (0% to 10%) in the event of a payment default.
The company also has an unrated $30 million asset-based lending
(ABL) revolver.  We also withdrew the 'B' corporate credit rating
on the previously rated entity Sage Automotive Holdings Inc," S&P
said.

"Our assessment of Sage's business position reflects the narrow
scope of its product portfolio, with seating fabric sales make up
about 93% of its revenues, and limited end-market diversity, partly
offset by its favorable position in the niche seating fabric
market," said Standard & Poor's credit analyst Naomi Dsouza.  "Sage
has a global footprint, with a manufacturing and design presence in
19 countries, and it benefits from its control over the
manufacturing process by completing functions in-house that some of
its competitors outsource," said Ms. Dsouza.

The stable rating outlook reflects S&P's expectation that Sage can
maintain debt to EBITDA below 5x and generate positive FOCF to debt
during the next 12 months.  S&P believes demand for Sage's textile
products will continue at the current pace over the next 12 months
as a result of continued market penetration in China and Europe due
to increasing middle class demands (particularly in China) and
additional opportunistic platform wins.

S&P could lower the rating if FOCF generation turns negative for
consecutive quarters and significantly decreases liquidity, or if
debt to EBITDA, including S&P's adjustments, substantially exceeds
5x.  This could result from a weaker-than-expected U.S. economy
that stifles light vehicle demand or OEMs consolidating platforms
with larger Tier 1 suppliers.

Although unlikely, S&P could raise the rating during the next 12
months if it believes the U.S. seasonally adjusted annual rate
(SAAR) and the underlying demand for automobile textile interiors
are more robust than forecasted.  This could allow the company to
generate incremental cash to repay debt sooner than anticipated.
S&P would also need to believe that the improvements in credit
metrics would be sustained.



SHASTA ENTERPRISES: Has Access to Cash Collateral Until June 30
---------------------------------------------------------------
The Bankruptcy Court authorized, on a final basis, Hank M. Spacone,
Chapter 11 trustee in the bankruptcy case of Shasta Enterprises, to
use cash collateral until June 30, 2015.

The Debtor's secured lenders asserting interest in the cash
collateral are the Curto Family Trust/Joe Curto and Lavone Curto,
as co-trustees of the Curto Family Trust and Redding Bank of
Commerce.

The Court also ordered that the Trustee and the Lenders may
stipulate to extend the cash collateral period from July 1 to Aug.
31, 2015.

A further hearing on the cash collateral will be held on June 22,
at 10:00 a.m.  The Trustee may supplement the motion by filing no
later than June 15, further briefs or evidence superseding the
motion to be heard at a further hearing.

The Trustee has filed a supplemental motion to (1) use cash
collateral until August 2015; and (2) make monthly adequate
protection payments totaling a minimum of $20,000 per month, to be
paid pro rata to the lenders (Redding Bank and Curto).

Redding Bank of Commerce on Dec. 8, 2014, filed an objection to the
Debtor's motion, stating that the Debtor continues to use the
Bank's cash collateral without consent or Court approval in
violation of Section 363(c)(2) of the Bankruptcy Code.  Secured
creditors Joe L. Curto and L. Lavone Curto, trustees of the Curto
Family Trust, filed a limited objection to the Debtor's motion,
saying that the requested budget goes far beyond what is necessary
or reasonable for the legitimate purposes.

On Feb. 19, 2015, the trustee filed a two-page report regarding the
estate's use of cash collateral for the time period of Feb. 1,
2015, until Feb. 15.  A copy of the report is available for free at
http://bankrupt.com/misc/SHASTAENTERPRISES_211_cashcoll.pdf

The Trustee's attorneys can be reached at:

         Donald W. Fitzgerald, Esq.
         Jason E. Rios, Esq.
         Holly A. Estioko, Esq.
         FELDERSTEIN FITZGERALD WILLOUGHBY & PASCUZZI LLP
         400 Capitol Mall, Suite 1750
         Sacramento, CA 95814
         Tel: (916) 329-7400
         Fax: (916) 329-7435
         E-mail: dfitzgerald@ffwplaw.com
                 jrios@ffwplaw.com
                 hestioko@ffwplaw.com

                     About Shasta Enterprises

Redding, California-based Shasta Enterprises, dba Vidal Vineyards,
dba Silverado Knolls, dba Villa Vidal Vineyards, sought bankruptcy
protection (Bankr. E.D. Cal. Case No. 14-30833) on Oct. 31, 2014.
The case is before Judge Michael S. McManus.  The Debtor's counsel
is David M. Brady, Esq., at Law Office of Cowan & Brady, in
Redding, California.

The Debtor lists total assets of $33.42 million and total debts of
$21.49 million.  The petition was signed by Antonio Rodriguez,
general partner.

The Court, on Dec. 29, 2014, approved the appointment of Hank
Spacone as the Chapter 11 trustee of the Debtor's estate.



SIDEWINDER DRILLING: S&P Lowers CCR to 'CCC+'; Outlook Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Houston-based Sidewinder Drilling Inc. to 'CCC+' from
'B-'.  At the same time, S&P lowered the issue-level rating on the
company's senior unsecured notes to 'CCC+' from 'B-'.  S&P has
revised its recovery rating on the notes to '4' from '3'.  The '4'
recovery rating indicates S&P's expectation for average (at the
lower end of the 30% to 50% range) recovery in the event of
default.  The outlook is negative.

"The rating action reflects our view that Sidewinder's capital
structure could become unsustainable due to weak market
conditions," said Standard & Poor's credit analyst Christine
Besset.

S&P forecasts that 2015 EBITDA will hardly cover interest and
capital spending, although the company has dramatically reduced
capital spending in response to the downturn.  Furthermore, the
company remains very vulnerable to market conditions and S&P
believes that liquidity could deteriorate rapidly if activity
levels do not recover in the second half of 2015.

Sidewinder's "vulnerable" business risk profile assessment reflects
S&P's view of the company's participation in the very cyclical and
competitive onshore drilling sector, its relatively small fleet
size and low profitability.  S&P considers Sidewinder's financial
risk profile as "highly leveraged," reflecting S&P's view of the
company's aggressive current credit protection measures and S&P's
assessment that its financial sponsor ownership will be consistent
with an FS-6 policy (highly leveraged financial risk profile).
Despite expected liquidity sources more than covering expected uses
in the next 12 months, S&P deems liquidity as "less than adequate,"
based on its qualitative assessment that the company would be
unable to absorb a low-probability high-impact event, even
factoring in capital spending cuts or asset sales.  S&P believes
that the company's liquidity position could rapidly deteriorate in
2016 if the market does not recover in the second half of 2015.

The outlook is negative, reflecting the potential for a downgrade
over the next 12 months.  The negative outlook incorporates the
possibility that the company's liquidity could become strained due
to deteriorating market conditions or bank commitments on its
revolving credit facility could be less.

S&P could revise the outlook to stable if liquidity and leverage
improved.  Such a scenario would most likely be due to improved
market conditions such that Sidewinder generated sufficient EBITDA
to cover interest and maintenance capital spending on a sustained
basis.



SIGA TECHNOLOGIES: March 30 Fixed as Proofs of Claims Bar Date
--------------------------------------------------------------
The Bankruptcy Court established March 30, 2015, at 5:00 p.m., as
the deadline for any person or entity, or governmental units to
file proofs of claim against Siga Technologies, Inc.

The bar date is for claims that arose prior to Sept. 16, 2014.
Proofs of claim must be submitted to the Debtor's claims agent,
Prime Clerk LLC, as:

If by overnight courier or first class mail:

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

If by hand delivery:

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

         U.S. Bankruptcy Court, SDNY
         One Bowling Green
         Room 534
         New York, NY 10004-1408

                    About SIGA Technologies

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

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

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

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

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

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


SOBELMAR ANTWERP: Commences Chapter 11 Reorganization
-----------------------------------------------------
Sobelmar Antwerp N.V. on March 17 disclosed that Sobelmar and
certain of its subsidiaries have commenced Chapter 11
reorganization proceedings in the United States Bankruptcy Court
for the District of Connecticut (Hartford).  The Company believes
that the Chapter 11 process will facilitate restructuring, which is
designed to restore the Company to long-term financial health.

According to a spokesperson for Sobelmar, "Even though Sobelmar
remained current on its debt service until its vessel Lender
recently imposed a very high penalty rate, it has become
increasingly clear that, in light of the unwillingness of the
Lender to work with Sobelmar on an out-of-court restructuring,
Sobelmar needs the protection of Chapter 11 to ensure the
uninterrupted operation of our vessels and services to our
customers.  While we are disappointed in the Lender's
intransigence, we want to assure our customers and suppliers that
Sobelmar will continue to operate in the ordinary course of
business during our Chapter 11 proceedings and that we intend to
emerge from Chapter 11 on a financially sound footing."

The Chapter 11 filings include the following companies and vessels:
SBM-1 Inc. (Marshall Islands) owning M/V "Brasschaat", SBM-2 Inc.
(Marshall Islands) owning M/V "Vyritsa", SBM-3 Inc. (Marshall
Islands) owning M/V "Kovdor", SBM-4 Inc. (Marshall Islands) owning
M/V "Zarachensk", and our two Belgian holding companies, Sobelmar
Antwerp N.V. and Sobelmar Shipping N.V.

Sobelmar's principal legal advisor for the restructuring process
and Chapter 11 proceedings is Bracewell & Giuliani LLP, with the
Hamburg-based Falkenberg Law Office continuing to provide normal
course corporate and maritime legal services.  Sobelmar's financial
advisor is Odinbrook Global Advisors LLC.  For further information,
please contact Evan Flaschen at Bracewell & Giuliani,
+1.860.256.8537, evan.flaschen@bgllp.com


SPIG INDUSTRY: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Spig Industry, LLC
        P.O. Box 2617
        Abingdon, VA 24212

Case No.: 15-70310

Chapter 11 Petition Date: March 16, 2015

Court: United States Bankruptcy Court
       Western District of Virginia (Roanoke)

Judge: Hon. Paul M. Black

Debtor's Counsel: Robert Tayloe Copeland, Esq.
                  COPELAND LAW FIRM, P.C.
                  P O Box 1296
                  Abingdon, VA 24212
                  Tel: 276 628-9525
                  Fax: 276-628-4711
                  Email: rtc@rcopelandlaw.com

Total Assets: $20.9 million

Total Debts: $11.7 million

The petition was signed by Christopher Harman, managing member.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
AZZ Galvanizing Services           Collection Account    $159,082
                                   - Judgment granted

Bennett Bolt Works, Inc.           Open Account            $1,500

Bob Ratliff                        Monies loaned to      $411,000
267 Yates Estates Circle           company
Cedar Bluff, VA 24609

Conway Law Firm, PLLC              Open account           $23,414

Feralloy                           Promissory note     $2,000,000
P.O. Box 100204
Atlanta, GA 30384

Freight Logistics                  Open account            $2,500

Gerdau                             Collection account     $42,500
                                   - judgment

Grundy National Bank               20 acres of land    $1,600,000
P.O. Box 2080                      and building located
Grundy, VA 24614                   at 14675 Industrial
                                   Park Road, Bristol,
                                   VA

Grundy National Bank               Unsecured line of   $1,000,000
P.O. Box 2080                      credit
Grundy, VA 24614

IMH Products, Inc.                 Open account            $3,000

Jeff Harman                        Monies loaned to       $77,000  
             
                                   company

JIT Steel Service                  Open account          $121,000

Jones Day Attorneys                 20 acres of land   $4,100,000
51 Louisiana Ave., NW               and building located
Washington, DC 20001                at 14675 Industrial
                                    Park Road, Bristol, VA

McGuire Woods, LLP                  Open account          $39,619

Mondo Polymer Technologies          Open account           $7,500

Steel Warehouse                     Open account          $32,115

Sughrue Mion, PLLC                  Open account          $74,770

The Sharon Company                  Open account          $51,000

Triad Metals International          Open account          $25,704

Washington County Treasurer         For noticing               $1
                                    purposes only


SPIG INDUSTRY: Files for Ch. 11 with $12MM in Debt
--------------------------------------------------
Spig Industry, LLC, a Bristol, Virginia-based manufacturer of guard
rails, filed a Chapter 11 bankruptcy petition (Bankr. W.D. Va.
15-70310) in Roanoke, Virginia, on March 16, 2015, with $21.0
million in assets against $11.7 million in debt.

Spig Industry filed schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $2,100,000
  B. Personal Property           $18,865,402
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $7,675,000
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $4
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $4,071,708
                                 -----------      -----------
        TOTAL                    $20,965,402      $11,746,712

The Debtor's real property pertains to 20 acres of land and
building located at 14675 Industrial Park Road, in Bristol,
Virginia.  The property is valued at $2.1 million, and secures
$7.675 million of debt: Grundy National Bank is owed $3.58 million,
and Jones Day is owed $4.1 million.

Majority of the Debtor's personal property is on account of
possible litigation/cause of action against government regulatory
agency valued at $2 million, and rights created under the
settlement agreement dated Nov. 12, 2012, valued at $12 million.

In its statement of financial affairs, the Debtor disclosed that
the business generated income of $183,000 in 2013, $0 in 2014, and
$0 so far in 2015.

A copy of the Schedules and Statements filed together with the
petition is available for free at:

       http://bankrupt.com/misc/vawb15-70310_SAL.pdf

Christopher Harman and Joshua Harman each has a 37.5 percent
membership interest in the Company, while Bob Ratliff has a 25
percent interest.  Christopher Harman signed the bankruptcy
petition.

The case is assigned to Judge Paul M. Black.

The Debtor tapped Robert Tayloe Copeland, Esq., at Copeland Law
Firm, P.C., in Abingdon, Virginia, serves as counsel.


SPIG INDUSTRY: Proposes Copeland as Bankruptcy Counsel
------------------------------------------------------
Spig Industry, LLC, filed an application to employ Copeland Law
Firm, P.C., as its attorney, under a general retainer, to perform
the extensive legal services that will be necessary during its
Chapter 11 case.

The schedule of the current hourly billing rates charged for law
clerks, paraprofessionals and attorneys are as follows: $300 per
hour for attorneys, and $75 per hour for professionals.

The firm received an advance fee of $5,783, plus the filing fee of
$1,717 on March 13, 2015.  Of the advance, $525 has been charged
for prepetition services.  The firm waives any and all other fees
and expenses that might be outstanding for services rendered prior
to the commencement of the case.

The firm will be paid its customary hourly rate for services
rendered that are in effect from time to time.

Robert T. Copeland, a member of the firm, attests that the firm is
a "disinterested person" as that term is defined by the Bankruptcy
Code.

                        About Spig Industry

Spig Industry, LLC, a Bristol, Virginia-based manufacturer of guard
rails, filed a Chapter 11 bankruptcy petition (Bankr. W.D. Va.
15-70310) in Roanoke, Virginia, on March 16, 2015, with $21.0
million in assets against $11.7 million in debt.

The case is assigned to Judge Paul M. Black.

The Debtor tapped Robert Tayloe Copeland, Esq., at Copeland Law
Firm, P.C., in Abingdon, Virginia, serves as counsel.


TOWN SPORTS: Moody's Lowers CFR to 'B3', Outlook Stable
-------------------------------------------------------
Moody's Investors Service downgraded Town Sports International
Holdings, Inc.'s Corporate Family Rating to B3 from B2 and its
Probability of Default Rating to B3-PD from B2-PD.  In connection
with this action, Moody's also lowered the ratings on Town Sports
International, LLC's senior secured bank facility to B3 from B1.
TSI is a wholly-owned subsidiary of TSIH (collectively, "Town
Sports").  In a related action, Moody's downgraded Town Sports'
Speculative Grade Liquidity Rating to SGL-3 from SGL-2.  The rating
outlook is stable.

The downgrade of Town Sports' CFR reflects the continued
deterioration in the company's key credit metrics and Moody's view
that debt/EBITDA will be sustained above 6.0x through the end of
2016.  The weakness is being driven primarily by sharp a decline in
membership count and increased costs associated with new
initiatives to improve operating performance and competitive
position.  EBITA margin fell almost 700 basis points to 11% in
2014, and Moody's projects that margins will likely remain below
10% over the near term (all ratios incorporate Moody's standard
adjustments).

The downgrades of the ratings on the senior secured revolver and
first-lien term loan to B3 follow from the one-notch downgrade of
Town Sports' CFR.  Moody's also believes that the support being
provided to the bank facility by the relatively large amount of
lease rejection claims (in a default scenario) is currently offset
by potentially higher-than-expected loss severity, bringing the
bank facility rating in line with the CFR.

The downgrade of the Speculative Grade Liquidity Rating to SGL-3
reflects a deterioration in Town Sports' liquidity profile. Total
leverage (as defined by the Credit Agreement) as of Sep. 30, 2014
exceeded 4.5x, triggering a 75% availability block under the
revolving credit facility, leaving the company with only $11.25
million of borrowing capacity until it comes into compliance with
the covenant.

Town Sports International Holdings, Inc.

  -- Corporate Family Rating downgraded to B3 from B2;

  -- Probability of Default Rating downgraded to B3-PD from B2-
     PD;

  -- Speculative Grade Liquidity Rating downgraded to SGL-3 from
     SGL-2;

Town Sports International, LLC

  -- $45 million Senior Secured Revolving Credit Facility due
     2018 downgraded to B3 (LGD3) from B1 (LGD3);

  -- $308.3 million Senior Secured Term Loan B due 2020
     downgraded to B3 (LGD3) from B1 (LGD3);

The B3 CFR reflects Moody's view that Town Sports will maintain
elevated debt leverage over the next 12 to 18 months and that
operating performance will continue to weaken.  Debt reduction will
likely be limited to mandatory term loan amortization, resulting in
debt/EBITDA remaining above 6.0x through the end of 2016.  The
rating also takes into consideration the company's low operating
margins.  Moody's believes EBITA margin will fall below 10% in 2015
due to declining revenues and increased costs associated with new
club openings and initiatives aimed at growing membership count.
In addition, the rating incorporates Moody's concern regarding Town
Sports' regional concentration in the Mid-Atlantic and Northeast US
regions, particularly in the New York City metro area.  Also
factored into the rating is the competitive pressure from existing
high-end and low-cost fitness club operators within its key
markets, which could limit growth opportunities.  There is still
uncertainty as to how quickly the new "High Value, Low Price"
('HVLP") conversion plan will turn around negative comparable store
sales growth, but early indications signal a potential for
sustained improvement in membership count.  The ratings are
supported by Town Sports' business position as a large-scale
fitness club operator, strong brand awareness and favorable
fundamentals for the health/fitness industry.

The rating on the senior secured credit facility reflects the
overall probability of default for Town Sports, which Moody's rates
B3-PD.  The B3 ratings on the revolver and first-lien term loan are
in line the CFR, as the bank facility comprises 100% of the
company's debt capital structure.

The SGL-3 Speculative Grade Liquidity Rating reflects Moody's view
that Town Sports currently has an adequate liquidity profile.  As
of Dec. 31, 2014, the company had a cash balance of $93 million and
Moody's expects the company to generate close to approximately $10
million in free cash flow in 2015.  The company also has a $45
million revolving credit facility due 2018, which is currently
undrawn except for $3 million of outstanding letters of credit
issued under the facility.  The revolver includes a total leverage
covenant that restricts borrowing capacity under the revolver to
25% of the committed amount if total leverage (as defined by the
Credit Agreement) is greater than 4.5x.  As of Dec. 31, 2014, the
company exceeded the maximum leverage threshold, resulting in total
current borrowing capacity (excluding up to $5.5 million of letters
of credit) of $11.25 million until it can maintain compliance with
the financial covenant.  All assets are encumbered to secure
borrowings under the credit facility.  Aside from the revolver, the
company has no material debt maturities until the term loan matures
in 2020.

The stable rating outlook reflects Moody's expectation that the
membership counts will gradually increase as a result of the HVLP
strategy and that the company could experience slight growth in
revenues over the next 18 months.  The outlook also considers Town
Sports' strong brand recognition in each of its markets, as well
as, increasingly favorable long-term fundamentals for the fitness
industry.

Town Sports' ratings could be upgraded if the company demonstrates
continued growth in membership count and comparable store sales
trends resulting in debt/EBITDA nearing 5.0x, EBITA interest
coverage sustained above 1.0x, and an improved liquidity profile
with full access to the revolving credit facility.

The ratings could be downgraded if membership count and comparable
store sales continue to weaken, EBITA interest coverage remains
below 1.0x, or liquidity deteriorates materially.

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

Town Sports International Holdings, Inc., through its wholly-owned
operating subsidiary Town Sports International, LLC, is one of the
leading owners and operators of fitness clubs in the Northeast and
Mid-Atlantic regions of the United States.  As of Dec. 31, 2014,
the company operated 158 fitness clubs under four key regional
brand names; New York Sports Clubs, Boston Sports Clubs, Washington
Sports Clubs and Philadelphia Sports Clubs as well as three clubs
in Switzerland.  In 2014, the company introduced BFX Studio, its
private studio brand, which offers cycling, personal training and
group exercise classes.  These clubs collectively served
approximately 484,000 members as of Dec. 31, 2014. Revenue for the
fiscal year ended Dec. 31, 2014 was $454 million.


TOWNSQUARE MEDIA: S&P Assigns 'B' Corp. Credit Rating
-----------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B'
corporate credit rating to Greenwich, Conn.-based Townsquare Media
Inc. (Townsquare).  The rating outlook is stable.

At the same time, S&P assigned its 'BB-' issue-level rating and '1'
recovery rating to Townsquare's proposed $305 million senior
secured credit facility, which comprises a $255 million term loan B
due 2022 and a $50 million revolving credit facility due 2020. The
'1' recovery rating indicates S&P's expectation for substantial
recovery (90%-100%) of principal for lenders in the event of a
payment default.  S&P's rating on the senior secured credit
facility is two notches higher than our corporate credit rating on
the company.

S&P also assigned its 'B-' issue-level rating and '5' recovery
rating to the company's $320 million senior unsecured notes due
2023.  The '5' recovery rating indicates S&P's expectation for
average recovery (10%-30%; lower end of the range) of principal for
lenders in the event of a payment default.  S&P's rating on the
senior unsecured notes is one notch lower than its corporate credit
rating on the company.

The company will use proceeds from the refinancing to repay all
outstanding debt at its Townsquare Radio LLC subsidiary, including
related fees, expenses, and the call premium.  S&P will withdraw
its 'B' corporate credit rating and issue-level ratings on
Townsquare Radio once the debt has been repaid.

"The 'B' corporate credit rating on Townsquare reflects our
assessment of the company's business risk profile as 'weak' and its
financial risk profile as 'highly leveraged,'" said Standard &
Poor's credit analyst Heidi Zhang.  "The stable outlook reflects
our expectation that the company will maintain 'adequate'
liquidity, leverage in the 5x-6x area, and positive discretionary
cash flow over the next year."

S&P could raise the rating if it becomes apparent that Townsquare
can maintain "adequate" liquidity and reduce its leverage to below
5x on a sustained basis.  This would likely entail the company
increasing EBITDA by roughly 15% or paying down debt, with the
publicly stated intention of keeping leverage lower.

S&P could lower the rating if leverage rises above 7x and
discretionary cash flow declines to below $10 million.  This could
occur as a result of further debt-financed acquisitions or if lower
ad spending causes revenue to decline.



TRANSGENOMIC INC: Orin Hirschman Holds 8.8% Stake as of March 11
----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Orin Hirschman and his affiliates disclosed that as of
March 11, 2015, they beneficially owned 1,048,200 shares of common
stock of Transgenomic Inc., which represents 8.8 percent based on
11,857,078 shares of Common Stock of the Company outstanding as
reported in the prospectus supplement filed Feb. 27, 2015.  A copy
of the regulatory filing is available at http://is.gd/OuxuZj

                         About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global  

biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

The Company reported a net loss available to common stockholders
of $16.7 million in 2013, a net loss available to common
stockholders of $8.98 million in 2012 and a net loss available to
common stockholders of $10.8 million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $30.8
million in total assets, $20.6 million in total liabilities and
$10.2 million in stockholders' equity.


VOYA FINANCIAL: Fitch Raises Jr. Subordinated Debt Rating to BB+
----------------------------------------------------------------
Fitch Ratings has upgraded Voya Financial, Inc.'s Issuer Default
Rating (IDR) to 'BBB+' from 'BBB', senior debt rating to 'BBB' from
'BBB-', and junior subordinated debt rating to 'BB+' from 'BB'.
The Insurer Financial Strength (IFS) ratings of the U.S. operating
entities have also been upgraded to 'A' from 'A-'.

The Rating Outlook for all ratings is Stable.

KEY RATING DRIVERS

The upgrade reflects the significant improvement in Voya's balance
sheet strength as well as improved debt servicing capacity. Voya's
ratings also reflect the large scale and solid business profile in
retirement and individual life markets, improved operating
performance within its core businesses, and conservative investment
portfolio.

Holding company financial leverage has declined to 21% at year-end
2014 from 56% at year-end 2010. Fitch believes the quality of the
company's common equity is better than peer averages, with minimal
exposure to goodwill and other intangibles.

Fitch considers Voya's aggregate capitalization, including
captives, to be strong for the current rating level. The
consolidated risk-based capital (RBC) ratio for the company's U.S.
insurance subsidiaries was 537% at year-end 2014. Fitch expects
reported RBC to remain in the 425% - 450% range over the
intermediate term driven by improved statutory operating
performance offset by distributions to the holding company. Fitch
views positively the 2013 contribution of over $1.8 billion of
capital to Security Life of Denver International to support certain
minimum guarantees in its closed-block variable annuity products.

During 2014, Voya reported pre-tax operating income of $1.2 billion
and an operating ROE of 8.4%. Operating income benefitted from
higher prepayment income, higher sales and improved loss ratios in
Employee Benefits segment, improved margins in Annuities and
Investment Management segments, and an increase in fees associated
with higher assets under management. Offsetting these positives
were unfavorable mortality changes on the universal life blocks due
to an aging block, the impact of the continued low interest rate
environment on reinvestment rates and higher operating expenses.
While Voya expects operating income to improve, operating ROE will
continue to be impacted by the significant amount of capital
supporting the closed block VA and individual life business. Fitch
expects a sustained low interest rate environment will create
headwinds and could impact Voya's ability to meaningfully improve
earnings.

Statutory dividend capacity improved in 2014 after Voya transferred
amounts out of paid-in capital into unassigned funds in 2013,
thereby creating a positive earned surplus account and ordinary
statutory dividend capacity. Statutory interest coverage improved
to 4.5x in 2014, up from 1.4x in 2013. Based on estimated ordinary
statutory dividend capacity of $1.0 billion in 2015, Fitch
estimates Voya's statutory interest coverage will improve further
to approximately 6x in 2015. This is in excess of Fitch's median
ratio guideline for an 'A' rated company of 3x. GAAP adjusted
operating earnings-based interest coverage increased to 7.9x in
2014 from 6.6x the prior year.

Fitch's key rating concerns include the challenges related to the
run-off of Voya's $43 billion closed-block VA book, particularly in
a tail-risk scenario. Fitch notes as positive that the company has
utilized dynamic and macro hedging to mitigate the statutory
capital impact associated with changes in the equity markets and/or
interest rates. However, policyholder behavior assumptions cannot
be hedged and therefore remain a risk. At year-end 2014, Voya had
$5.0 billion in reserves and capital supporting the closed-block VA
book.

The ratings also recognize the company's reliance on the capital
markets for excess reserve financing. Voya's total financing and
commitments (TFC) ratio of 0.7x is driven by funding for XXX and
AXXX reserve financing, and to a much lesser extent, securities
lending agreements. In 2014 Voya completed a reinsurance
transaction with Reinsurance Group of America, Inc. that improved
the TFC ratio since Voya was able to unwind one of its captives and
the associated redundant reserve financing.

On March 9, 2015 ING Groep N.V. fully exited its stake its stake in
Voya common stock.

RATING SENSITIVITIES

The key rating triggers that could result in an upgrade include:
-- Continued growth in operating profitability which leads to an
    improvement in operating ROE to over 11%;

-- Sustained maintenance of GAAP adjusted operating earnings-
    based interest coverage of more than 10x;

-- Private sale of closed-block book at good value with boost to
    capitalization and reduction in volatility and risk;

-- Reported RBC above 450%, and financial leverage below 20%;

The key rating triggers that could result in a downgrade include:

-- A decline in reported RBC below 375%;

-- Financial leverage exceeding 30%;

-- Significant adverse operating results which leads to GAAP
    adjusted operating earnings-based interest coverage below 6x;

-- Material reserve charges required in its insurance/variable
    annuity books.

Fitch has upgraded the following ratings with a Stable Outlook:

Voya Financial, Inc.

-- Long-term IDR to 'BBB+' from 'BBB';
-- 5.5% senior notes due July 15, 2022 to 'BBB' from 'BBB-';
-- 2.9% senior notes due Feb. 15, 2018 to 'BBB' from 'BBB-';
-- 5.7% senior notes due July 15, 2043 to 'BBB' from 'BBB-';
-- 5.65% fixed-to-floating junior subordinated notes due May 15,
    2053 to 'BB+' from 'BB'.

Voya Retirement Insurance and Annuity Company
Voya Insurance and Annuity Company
ReliaStar Life Insurance Company
ReliaStar Life Insurance Company of New York

Security Life of Denver Insurance Company
-- IFS to 'A' from 'A-'.

Equitable of Iowa Companies, Inc.
-- Long-term IDR to 'BBB+' from 'BBB'.

Equitable of Iowa Companies Capital Trust II
-- 8.424% Trust Preferred Stock to 'BB+' from 'BB'.

Peachtree Corners Funding Trust
-- $500 million of 3.976% pre-capitalized trust securities due
    2025 to 'BBB' from 'BBB-'.



VULCAN MATERIALS: Moody's Rates $400MM Sr. Unsecured Notes 'Ba3'
----------------------------------------------------------------
Moody's Investors Service assigned a (P)Ba3 rating to Vulcan
Materials Company's senior unsecured shelf and a Ba3 senior
unsecured rating to the company's $400 million senior unsecured
note offering.  Vulcan's Corporate Family Rating of Ba3 and all
other ratings were affirmed.  The rating outlook remains positive.

On March 16, 2015, Vulcan Materials Company announced that it
intends to offer $400 million of senior unsecured notes due 2025.
The company intends to use the net proceeds from this offering
along with cash on hand and revolver borrowings: (i) to fund a
partial tender offer for its existing 7.00% notes due 2018, which
was separately announced by the company on March 16, 2015; (ii) to
fund the previously announced redemption of its 6.40% notes due
2017 and the planned redemption of its 6.50% notes due 2016; and
(iii) to fund the planned redemption of $20 million of other debt.

The positive rating outlook reflects Vulcan's improving financial
ratios and our expectations that the construction end markets it
serves will continue to improve in 2015.  The company's adjusted
debt-to-EBITDA declined to 4.3x at year end 2014 from 5.7x at
year-end 2013. Operating margins have also improved over the same
period, increasing to 11.2% from 7.2%.  Moody's expect adjusted
debt-to-EBITDA to decline below 4.0x in 2015 and margins to expand
further with growing shipment volumes.

The following ratings were assigned:

Vulcan Materials Company

  -- Senior unsecured shelf, assigned at (P)Ba3

  -- $400 million senior unsecured notes due 2025, assigned at
     Ba3 (LGD4);

The following ratings were affirmed:

Vulcan Materials Company

  -- Corporate Family Rating, affirmed at Ba3;

  -- Probability of Default Rating, affirmed at Ba3-PD;

  -- Senior secured revolving credit facility rating, affirmed at
     Ba1 (LGD2)

  -- Senior unsecured notes rating, affirmed at Ba3 (LGD4);

  -- Speculative Grade Liquidity Assessment rating, affirmed at
     SGL-2.

Outlook is positive.

Legacy Vulcan Corp.

  -- Senior unsecured MTN Program, affirmed at (P)Ba3;

  -- Senior unsecured notes rating, affirmed at Ba3 (LGD4);

Outlook is positive.

The Ba3 corporate family rating is supported by the company's
leading position in the North American aggregates industry, large
proven reserves, its end market diversity and regional geographic
diversity.  Longer term, the business benefits from high barriers
to entry, a stable competitive landscape, and diverse end use
markets.  The rating also reflects Vulcan's weak, though improving,
adjusted EBIT-to-interest coverage, as well as margin and cash flow
volatility expected through economic cycles.  Moody's expect
further improvements in financial leverage, interest coverage and
margins as business conditions and operating performance improve
over the intermediate-term.

Vulcan's senior secured revolving credit facility, due March 2019,
is rated Ba1, two notches above the company's Ba3 Corporate Family
Rating to reflect its senior position in the capital structure.
The senior secured revolving credit facility is secured by the
company's accounts receivables and inventory and is ranked above
the company's senior unsecured debt.

The SGL-2 speculative grade liquidity rating reflects Vulcan's good
liquidity profile, supported by its $500 million senior secured
credit facility due 2019, $141 million cash balance at year end
2014 and manageable near-term debt maturities.  In March 2014,
Vulcan amended the facility to eliminate the asset-based-lending
structure that previously governed its borrowing capacity.  As of
Dec. 31, 2014, Vulcan's available borrowing capacity was $446
million net of $54 million used to support standby letters of
credit.  Borrowing capacity of the facility and total debt are
limited by two financial covenants: debt-to-EBITDA ratio and
EBITDA-to-interest expense ratio.  As of Dec. 31, 2014, Vulcan was
in compliance with these covenants with adequate cushion.  Moody's
believe Vulcan will maintain adequate cushion over the next 12-18
months.  The credit facility may become unsecured provided that
Vulcan's credit rating becomes investment grade by either Moody's
or S&P, provided that the other rating agency rates Vulcan Ba1 or
BB+, respectively.  It can also become unsecured if debt-to-EBITDA
(calculation as provided in the credit facility) is less than or
equal to 3.5x and Moody's rating is Ba1 stable and S&P's rating is
BB+ stable.  The company's free cash flow generation is expected to
strengthen over the intermediate-term.  Moody's expect the company
to use cash to invest in bolt-on acquisitions and/or pay down debt
as it matures.

Vulcan's ratings could be upgraded should the company drive
adjusted debt-to-EBITDA comfortably below 4.0x, improve operating
performance such that adjusted operating margins exceed 10%,
adjusted EBIT-to-interest expense approaches 3.0x and retained cash
flow as a percentage of net debt is approximately 15%, with the
expectation that all metrics are sustainable.

The rating outlook could return to stable should construction end
markets weaken, resulting in flat to negative growth in shipment
volumes.  The ratings would likely be downgraded in the event that
Vulcan's adjusted operating margins deteriorate below 7.5%, its
adjusted debt leverage rises above 5.0x and its adjusted
EBIT-to-interest coverage metric falls below 1.0x over the
intermediate-term.  Additional rating pressures may emerge in the
event that construction fundamentals deteriorate.

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

Vulcan Materials Company is the largest producer of construction
aggregates in the U.S., and is also a major producer of asphalt mix
and concrete.  Its primary end markets include public construction,
infrastructure, private nonresidential, and private residential
construction, and its aggregates reserves are about 16 billion
tons.  In 2014, Vulcan generated approximately $3.0 billion in
revenues.


VULCAN MATERIALS: S&P Rates $400-Mil. Sr. Unsecured Notes 'BB+'
---------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Birmingham, Ala.-based aggregates producer Vulcan
Materials Co. to positive from stable.  At the same time, S&P
affirmed its 'BB+' corporate credit rating on the company and its
'BB+' issue-level ratings on the company's senior notes.  The
recovery rating on the notes remains unchanged at '3', indicating
S&P's expectation of meaningful (50% to 70%; high end of the range)
recovery in the event of default.

In addition, S&P assigned its 'BB+' issue-level rating to Vulcan's
proposed $400 million senior unsecured notes due 2025 based on
preliminary terms and conditions.  S&P assigned a recovery rating
of '3' to these notes, indicating that investors can expect
meaningful recovery (50% to 70%; high end of the range) in the
event of a default.  S&P understands that the company will use
proceeds from the proposed notes to refinance existing debt.

"The positive outlook reflects our expectation that operating
performance will continue to improve such that we are confident
that the leverage ratio and FFO to debt can be sustained below 4x
and above 20%, respectively," said Standard & Poor's credit analyst
Maurice Austin.

An upgrade could occur if debt to EBITDA falls and is sustained
below 3.5x and FFO to debt rises and is sustained above 20%, levels
in line with a significant financial risk profile.  This could
occur if the company obtained mid-single-digit price increases and
double-digit percentage volume growth over the next 12 months.

A negative rating action seems unlikely within the next 12 months,
based on S&P's expectation that construction markets will continue
to improve during 2015.  However, a downgrade could occur if Vulcan
failed to show improvement in its results during the next year,
such that leverage increases above 5x.



WASHINGTON PRIME: Moody's Affirms 'Ba1' Preferred Stock Rating
--------------------------------------------------------------
Moody's Investors Service affirmed the Baa2 issuer rating of
Washington Prime Group, L.P., the operating subsidiary of
Washington Prime Group, Inc. (dba WP Glimcher) as well as the
REIT's Ba1 preferred stock rating.  The outlook remains negative.

The following ratings were affirmed with a negative outlook:

  -- Washington Prime Group, L.P. -- issuer rating at Baa2

  -- Glimcher Realty Trust (assumed by Washington Prime Group,
     Inc.) -- preferred stock at Ba1

Washington Prime Group (dba WP Glimcher) is a REIT that was spun
out of Simon Property Group in May 2014 owning a mix of retail
properties, including enclosed regional malls as well as community
centers.  The negative outlook reflects WPG's substantial increase
in overall leverage and secured debt following its acquisition of
Glimcher Realty Trust, a highly levered mall REIT, completed in
January 2015.  Moody's is monitoring the REIT's progress in
de-levering and ability to bring other key credit metrics back to
levels commensurate with its existing rating category.

Moody's notes that the newly formed WP Glimcher owns and manages a
mix of malls (~75% of pro forma NOI) and strip centers (~25%) that
have a national presence spanning across 30 states.  The Glimcher
acquisition enhanced WPG's asset quality, as Glimcher's portfolio
has higher productivity, higher occupancy and lower occupancy costs
as compared with WPG's legacy mall portfolio.  The REIT has also
achieved much greater size and scale in a sector where scale offers
significant advantages, particularly with respect to leasing and
redevelopment opportunities.  Finally, WPG gained Glimcher's
well-developed operating platform, accelerating its ability to
internalize property management of its malls and other transition
services that are still being performed by Simon.

Despite these strengths, the merger has also significantly weakened
WPG's financial profile including key metrics like leverage,
unencumbered assets and fixed charge coverage.  The REIT has made
some progress towards refinancing the short-term bridge loan it
assumed in conjunction with closing the transaction.  A portion of
the $1.2 billion bridge loan will be repaid with $430 million of
net proceeds from a newly formed joint venture set to close in
2Q15.  Moody's expect the remaining bridge loan balance will be
repaid via potential capital market offerings.

Pro forma for the JV closing, WPG's Net Debt/EBITDA is expected to
approximate 7x.  The REIT plans to reduce leverage further via cash
flow growth from merger synergies and leasing, as well as
opportunistic asset sales or potentially common equity depending on
market conditions.  WPG's stated leverage target is 6.0x-6.5x Net
Debt/EBITDA and Moody's will be closely monitoring the REIT's
likely time frame for meeting that goal.  Moody's will also be
monitoring the REIT's progress in integrating and demonstrating
successful cash flow growth from this large acquisition.

A rating upgrade is unlikely over the intermediate term as WPG
works to complete integrating and long-term financing for what is
considered a large and initially highly leveraged transaction.

A downgrade would likely reflect the REIT's failure to bring Net
Debt/EBITDA down closer to 6x or make progress at reducing secured
leverage by early 2016.  Fixed charge coverage below 3x would also
put pressure on the rating, as would any integration or liquidity
challenges.

The last rating action for Washington Prime Group was on Sep. 16,
2014, when Moody's affirmed its Baa2 issuer rating and revised the
outlook to negative.

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

WP Glimcher (NYSE: WPG) is a retail REIT that owns and manages 121
shopping centers totaling more than 68 million square feet across
the United States.  WP Glimcher is the dba for Washington Prime
Group, Inc.


WET SEAL: Court Sets April 10 as Claims Bar Date
------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware set April
10, 2015, at 5:00 p.m. (prevailing Eastern Time) as deadline for
creditors of The Wet Seal Inc. and its debtor-affiliates to file
proofs of claim.

The Court also set July 14, 2015, at 5:00 p.m. (prevailing Eastern
Time) as last day by which any governmental unit must file their
claim against the Debtors.

All original proofs of claim must be filed by first-class mail,
overnight delivery service, or hand delivery at these address, as
applicable:

  a) If Proof of Claim is sent by regular mail, to:

     Donlin, Recano & Company, Inc.
     Re: The Wet Seal, Inc., et al.
     P.O. Box 899
     Madison Square Station
     New York, NY 10010

  b) If Proof of Claim is sent by overnight or hand delivery, to:

     Donlin, Recano & Company, Inc.
     Re: The Wet Seal, Inc., et al.
     6201 15th Avenue
     Brooklyn, NY 11219

                        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.


WINLAND OCEAN: March 20 Hearing on Further Use of Cash Collateral
-----------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on March 20, 2015,
to consider Winland Ocean Shipping Corporation, et al.'s continued
access to cash collateral in which China Merchants Bank Co., Ltd.,
asserts an interest.

The Court has entered an interim order authorizing the Debtor's use
of cash collateral to continue their ordinary course business
operations and to maintain the value of their bankruptcy estates.
As adequate protection from any diminution value of the lender's
collateral, the Debtor will grant CMB:

   1. adequate protection of its interest in the cash collateral
and the M.V. Fon Tai and M.V. Rui Lee for the diminution in value
of such interests;

   2. adequate protection liens in assets and property; and

   3. a superpriority administrative expense claims, subject to
carve out on certain expenses.

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

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

                   About Winland Ocean Shipping

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

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

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



YELLOW CAB OF RENO: May File for Bankruptcy Over Disabilities Suit
------------------------------------------------------------------
Scott Sonner, writing for The Associated Press, reported that
Yellow Cab Co. of Reno may have to file for bankruptcy if it's
ordered to pay excessive attorney fees after a federal judge found
it violated the Americans with Disabilities Act by denying service
to a disabled woman with a motorized scooter.

According to the report, the disabled woman's lawyer says Yellow
Cab's owner may be making the claim fraudulently to try to save
money while shielding his assets in a series of other taxi
companies he operates, including Reno Sparks Cab Co.


YMCA MILWAUKEE: Seeks Court Order Closing Bankruptcy Cases
----------------------------------------------------------
The Young Men's Christian Association of Metropolitan Milwaukee
Inc. and YMCA Youth Leadership Academy Inc. ask the U.S. Bankruptcy
Court for the Eastern District of Wisconsin to issue a final decree
and order closing their Chapter 11 bankruptcy cases.

The Debtors relate that on Jan. 30, 2015, they obtained a Court
order confirming their joint plan of reorganization.  The plan has
been substantially consummated and the Debtors' estates are fully
administered.

                      About YMCA Milwaukee

The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., and affiliate, YMCA Youth Leadership Academy, Inc., filed
voluntary Chapter 11 bankruptcy petitions (Bankr. E.D. Wis. Case
Nos. 14-27174 and 14-27175) in Milwaukee, on June 4, 2014.

YMCA Milwaukee, which has more than 100,000 members using its
centers and camps, plans to sell a majority of its owned real
estate to help pay down $29 million in debt.

YMCA Milwaukee estimated $10 million to $50 million in both assets
and liabilities.  YMCA Academy estimated $100,000 to $500,000 in
both assets and liabilities.  The formal schedules of assets and
liabilities are due June 18, 2014.

The cases are assigned to Judge Susan V. Kelley.

The Debtors have tapped Olivier H. Reiher, Esq., and Mark L. Metz,
Esq., at Leverson & Metz, S.C., in Milwaukee, as counsel.  The
Debtors have engaged Ernst & Young LLP as their financial advisors,
and Reputation Partners, L.L.C. as their public relations advisors.
The Debtors have also tapped Fox, O'Neill & Shannon, S.C. as their
special counsel for real estate matters.

On June 30, 2014, the Official Committee of Unsecured Creditors won
approval to retain Goldstein & McClintock LLLP as its counsel,
provided that the G&M attorney who had represented the BMO
participant may not participate in representation of the Committee.
The Committee also won approval to hire Navera Group, LLC as
financial advisors.


[*] Moody's Identifies Warning Signs of Troubled Companies
----------------------------------------------------------
The most common predictors of future financial distress are weak
credit metrics (excessive leverage and weak interest coverage),
poor operating performance, weak liquidity, declining sales and
weak industry fundamentals.  These characteristics are among 10
credit issues that can surface prior to default which Moody's
Investors Service illustrates as it looks at a random sample of 10
small, speculative-grade companies that have defaulted since 2009.
While not universal, a majority of the sample companies generated
negative free cash flow three to 15 months prior to default.

"Although non-exhaustive, our list provides early warning signs of
a potential default at a time when speculative-grade issuers are
cutting back sharply on covenant protections," says Moody's
Managing Director Alexandra Parker in the report "Warning Signs: As
Covenants Vanish, Past Defaults Offer Lessons for the Future."

Financial maintenance covenants, which typically require a borrower
to meet certain financial tests on a quarterly basis, can often
signal financial distress when breached.  While the absence of
these covenants in loan agreements is less of a concern when market
risk is relatively benign, credit problems could quickly escalate
when markets suddenly turn -- especially for lower-rated, smaller
speculative-grade companies.

"Not all traditional risk gauges light up when something goes
wrong," says Moody's Parker. Of the 10 randomly picked companies
Moody's analyzes in the report only one had a negative EBITDA
margins and only one cut back on maintenance capital expenditures.
Four of the companies in the study demonstrated adequate liquidity
12 to 15 months before defaulting.  While eight companies had
maintenance covenants, three experienced no covenant compliance
issues prior to defaulting.

Although the volatility of credit markets has increased, the
decline in covenant protections is not a short-term danger.
Moody's expects the US speculative-grade default rate to remain low
by historical standards over the next 12 months.


[*] Moody's Publishes New Bank Rating Methodology
-------------------------------------------------
Moody's Investors Service, on March 16, 2015, published its updated
methodology for rating banks globally, which incorporates several
new components: a Loss Given Failure (LGF) analysis; the
introduction of a Macro Profile into the elements that Moody's
considers when it assigns a bank's baseline credit assessment
(BCA); a BCA scorecard which now incorporates not only financial
ratios but also a broader range of metrics and qualitative
considerations; and a Counterparty Risk Assessment (CR
Assessment).

The revisions to the methodology reflect insights gained from the
crisis and the fundamental shift in the banking industry and its
regulation.  The revised approach to establishing BCAs helps to
more accurately predict bank failures, while Moody's LGF framework
assesses how different creditor classes are likely to be affected
when a bank enters resolution based on the relevant resolution
policy and balance sheet structure.

The updated methodology, "Rating Methodology: Banks," is now
available.  The introduction of this new methodology follows a
market consultation initiated via a Request for Comment published
on Sep. 9, 2014.

"The first key change is the introduction of a Loss Given Failure
(LGF) analysis, which addresses expected loss and assesses the
impact a bank's failure would have on its various debt instruments
and deposits in the absence of any support. For banks subject to
operational resolution regimes, the LGF analysis will incorporate
the cushion against loss that each creditor class derives from the
amount of debt subordinate to it in a resolution," says Gregory
Bauer, Managing Director Global Banking, Moody's.

"With the recent dramatic shift in public policy toward
implementation of resolution regimes, it has become increasingly
important for investors to know their position in a bank's
liability structure, and thus the potential losses they are exposed
to in the event of a resolution," continues Bauer. "LGF analysis
directly addresses this key investor concern."

Moody's employs both a basic and an advanced LGF analysis.  The
basic LGF analysis applies to banks that are not subject to
operational resolution regimes.  The advanced LGF analysis applies
to banks that are subject to operational resolution regimes,
whereby losses can be imposed selectively on creditors outside of a
liquidation, and through which specific legislation provides a
reasonable degree of clarity on how the bank's failure could affect
depositors and other creditors.

Basic LGF analysis entails an approach wherein senior unsecured
debt and deposits are positioned at the level of the adjusted BCA
(the adjusted BCA is the BCA plus Moody's assessment of support
from affiliates being forthcoming in the event of need), before
government support and additional coupon-related notching
considerations. Subordinated instruments are positioned at one
notch below the adjusted BCA, excluding support and additional
notching, reflecting increased loss severity.  This basic LGF
analysis continues the previous notching practice and, in the
rating agency's view, remains an appropriate guide to loss severity
for banks in systems without operational resolution regimes.

Under the advanced LGF analysis, which would be applied, for
example, to banks subject to the European Union's Bank Recovery and
Resolution Directive and to US banks subject to Titles I and II of
the Dodd-Frank Act, Moody's bases its notching on (1) the likely
bank-wide loss rate in failure; (2) the amount of subordination
below a given instrument class; and (3) the volume of a given
instrument class itself. In Moody's view, taking these together
provides a more refined and predictive view of expected loss for
each instrument class under new resolution regimes.

"The second key change is the revision of our framework for
assessing the risk of bank failure, expressed by our baseline
credit assessment.  This includes the introduction of a Macro
Profile, which allows us to place greater emphasis on potential
system-wide pressures that we believe are predictive of the
propensity of banks to fail," explains Frederic Drevon, Managing
Director Global Banking, Moody's.

Moody's framework for assigning BCAs is structured around a new
Scorecard that more comprehensively integrates Moody's analytical
judgments.  The Scorecard begins by focusing on five core ratios
that Moody's has found to be predictive of bank failure covering
five main financial factors: asset risk, capital, profitability,
funding structure and liquid resources.  Additionally, analysts and
rating committees may consider supplementary ratios, as relevant,
for each institution.  Individual scores for each factor will now
directly incorporate not only financial ratios, but also a broader
range of metrics, Moody's forward-looking judgments and qualitative
considerations relative to each.

Moody's new Macro Profile complements the bank-specific analysis
reflected in the Scorecard and will be expressed on a scale ranging
from Very Strong+ to Very Weak-. It comprises six elements:
economic strength, institutional strength, susceptibility to event
risk, credit conditions, funding conditions and industry structure.
The Macro Profile, combined with the results of the Scorecard,
helps establish the bank's Financial Profile.  This results in the
BCA, representing Moody's view of a bank's probability of default,
in the absence of support.

Lastly, Moody's has introduced a Counterparty Risk (CR) Assessment
into its analysis. This is not a rating, but an assessment of an
issuer's ability to avoid defaulting on certain senior bank
operating obligations and other contractual commitments.  The CR
Assessment takes into account the issuer's standalone strength as
well as the likelihood of affiliate and government support in the
event of need, reflecting the anticipated seniority of counterparty
obligations in the liabilities hierarchy.  The CR Assessment also
takes into account other steps authorities can take to preserve the
key operations of a bank in a resolution.

When credit rating methodologies are revised, the updated
methodology is applied to all relevant credit ratings.
Accordingly, in the coming days, Moody's will place on review the
ratings of those banks that are likely to be affected.  Regulation
requires that rating actions related to methodology changes be
completed within six months of the release of the methodology.
However, Moody's expects to conclude the large majority of the
reviews in the first half of 2015.  In conjunction with the
methodology-driven review, Moody's expects to incorporate revised
views on government support in Europe, driven by the introduction
of resolution regimes.  For any banks whose ratings are placed
under review, CR Assessments will be assigned when the reviews are
concluded; for other banks, CR Assessments will be assigned in the
coming months.

Moody's preliminary assessment of the anticipated impact of the new
methodology and revised support assumptions shows that the ratings
impact is likely to vary across countries and regions.  Moody's
anticipates the following key outcomes:

(1) An overall net neutral impact on banks' BCAs globally, with
     around 15% of BCAs changing.  About half of these changes
     are anticipated to be within Europe, with a modest positive
     bias;

(2) in the US, a significant positive effect on bank deposit
     ratings and a material negative effect on senior unsecured
     bank debt ratings.  This reflects the nature of deposit
     preference, which benefits depositors at the expense of
     senior unsecured debt.  However senior unsecured holding
     company ratings are expected to be little changed, overall;

(3) in the EU and western Europe, a modest positive effect on
     deposit ratings and a broadly neutral effect on senior
     unsecured ratings, reflecting the changes in BCAs coupled
     with the counterbalancing effects of the new resolution
     regime and reduced likelihood of government support.  While
     support is expected to decline, banks' most senior
     creditors, especially depositors, will benefit from the
     lower loss rates expected in an orderly resolution and the
     subordination that protects them from loss;

(4) in Asia Pacific, the Commonwealth of Independent States,
     Western Asia, Latin America, the Middle East and Africa, a
     small negative effect on senior unsecured and deposit
     ratings in some systems. This reflects Moody's view that the
     capacity for government support is henceforth limited to the
     government bond rating, and that there is little scope for
     other policy tools to provide durable support beyond this
     constraint.


                            *********

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 ***