TCR_Public/150515.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, May 15, 2015, Vol. 19, No. 135

                            Headlines

21ST CENTURY ONCOLOGY: Posts $15.2 Million Net Loss in Q1
315 W 35TH ASSOCIATES: Meeting of Creditors Set for May 20
AES CORP: 'Fitch BB-' Rating Unaffected by Share Purchase
AFFINITY GAMING: Hires Deutsche Bank to Advice on Strategic Review
AMPLIPHI BIOSCIENCES: Amends 152.5M Shares Resale Prospectus

APPLIED MINERALS: Incurs $4.19 Million Net Loss in First Quarter
ASSOCIATED WHOLESALERS: Addresses UST Concerns on Mercer Hiring
B & M EXCAVATING: Tax Trouble Might Affect Case, Hearing in June
B&B ALEXANDRIA: Case Summary & Largest Unsecured Creditor
BATTLE CREEK: Case Summary & 9 Largest Unsecured Creditors

BG MEDICINE: Amends License Agreement with Abbott
BIG M: May 19 Hearing on Case Dismissal Bid
BLUE COAT: S&P Withdraws 'B' Corporate Credit Rating
BON-TON STORES: Gabelli Funds Has 6.62% Stake as of May 5
BOTANICAL REALTY ASSOCIATES: Meeting of Creditors Set for June 5

BPZ RESOURCES: U.S. Trustee Forms Creditors Committee
BROADVIEW NETWORKS: Incurs $3.75 Million Net Loss in 1st Quarter
CAL DIVE: Says No Objection Received for Derrick's Employment
CANCER GENETICS: Posts $4.27 Million Net Loss in First Quarter
CANCER GENETICS: Posts $4.3 Million Net Loss in First Quarter

CENTRAL OKLAHOMA: BKD LLP Okayed to Audit and Prepare 401(k) Plan
CHAMPION INDUSTRIES: Extends Maturity of Credit Agreement to 2017
CHILDREN OF PROMISE: S&P Assigns BB+ Rating to 2015 A/B Bonds
CLOUDEEVA INC: Court Approves Punhani Law as Immigration Counsel
COMMUNITY FACILITIES: Chapter 9 Case Summary & Unsec. Creditor

CONSTAR INT'L: Needs Until June 19 to File Plan
CORINTHIAN COLLEGES: Can Hire Rust Consulting as Claims Agent
CORINTHIAN COLLEGES: Students' Request to Form Committee Granted
COUNTRY STONE: Hires Deloitte FAS as Consultant
CREATIVE CIRCLE: S&P Puts Ratings on Watch Pos. Over Acquisition

CURO HEALTH: S&P Affirms 'B' Corp. Credit Rating
DEERFIELD RANCH: Gets Final Nod to Use Rabobank's Cash Collateral
DIA-DEN LTD: Industrial Complex Files Ch.11 With $8MM in Debt
DIA-DEN LTD: Reorganization Plan Filed, to Pay Creditors in Full
DIA-DEN LTD: Wants to Make Monthly Payments to Wells Fargo

DORAL FINANCIAL: Has Until May 25 to File Schedules
DORAL FINANCIAL: Section 341(a) Meeting Adjourned to June 2
DUNE ENERGY: Panel Selects Conway Mackenzie as Financial Advisor
EDENOR SA: Swings to ARS780 Million Net Loss in 2014
ELBIT IMAGING: To Sell Interest in 2 Hotels in Belgium

ENCOMPASS DIGITAL: S&P Raises Second Lien Debt Rating to 'B-'
ENDEAVOUR INTL: Provides Updated Fin'l Projections to Debtholders
ENERGY FUTURE: Posts $1.52 Billion Net Loss for March 31 Quarter
ENERGY FUTURE: Seeks Oct. 29 Extension of Plan Filing Date
EURAMAX INTERNATIONAL: Appoints New North America President

EURAMAX INTERNATIONAL: Stockholders Re-Elect 6 Directors
EVERYWARE GLOBAL: Wants to Hire Pachulski as Co-Counsel
EXIDE TECHNOLOGIES: Neuberger Reports 23.9% Stake in Newco
FAMILY CHRISTIAN: Court OKs Fox Rothschild as Panel's Co-counsel
FAMILY CHRISTIAN: Court OKs O'Keefe & Associates as Panel Advisor

FCC HOLDINGS: Amended Joint Plan Declared Effective May 6
G&W FOODS: Case Summary & 20 Largest Unsecured Creditors
GENERAL CABLE: S&P Cuts CCR to 'B+' on Lower Metal Prices
GERALD CHAMPION: S&P Raises Rating on $72MM 2012A Bonds to 'BB-'
GLOBAL COMPUTER: Court Okays Hiring of Devil's Advocate as Counsel

GREAT PLAINS: Parties Object to Bid to Hire Auctioneer
GULF PACKAGING: Has Until May 29 to File Schedules
GULF PACKAGING: Seeks Authority to Use FCC Cash Collateral
HIGH RIDGE MANAGEMENT: 341 Meeting Adjourned to May 21
HIGH RIDGE MANAGEMENT: U.S. Trustee Forms Creditors Committee

INSITE VISION: Posts $828,000 Net Loss in First Quarter
KARMALOOP INC: Files Schedules of Assets and Liabilities
KARMALOOP INC: Gets Final OK to Use Comvest's Cash Collateral
KARMALOOPTV INC: Files Schedules of Assets and Liabilities
KU6 MEDIA: Shanda Media Now a 70% Owner

LEHMAN BROTHERS: Sues Federal Home Loan Bank of NY
M.A.R. REALTY: Seeks Court's Final Decree Closing Bankruptcy Case
MAE PROPERTIES: Case Summary & 9 Largest Unsecured Creditors
MARRONE BIO: Receives Delisting Notice; Delays Filing of Q1 Report
MIDSTATES PETROLEUM: Posts $194 Million Net Loss in 1st Quarter

MOBILESMITH INC: Incurs $1.8 Million Net Loss in First Quarter
MOLYCORP INC: Planning Bankruptcy Loan with Creditors
NATIONAL CINEMEDIA: Appoints Thomas Lesinski to Audit Committee
NATIONAL CINEMEDIA: Incurs $9 Million Net Loss in First Quarter
NATIONAL CINEMEDIA: Posts $9 Million Net Loss in First Quarter

NATIONAL CINEMEDIA: Stockholders Elect 4 Directors
NATROL INC: Plan Confirmation Hearing Continued to May 20
NII HOLDINGS: Naranjo Named as VP Finance Operations
NORTHERN BEEF: Court Convert Case to Chapter 7 Proceeding
NORTHERN OIL: $200MM Notes Add-on No Impact on S&P's Notes Rating

NORTHWEST BANCORPORATION: Proposes May 29 as Claims Bar Date
ONE SOURCE: Has Until July 14 to Propose Plan of Reorganization
ONE SOURCE: Stay Lifted for Ascentium to Possess Trucks
OW BUNKER: Court Approves Employee Contract with Rene Broman
OW BUNKER: ING Bank Wants More Info on NuStar Deal

OW BUNKER: Rene Jensen Okayed to Prosecute Case Against ING Bank
OWENS-ILLINOIS INC: S&P's BB+ CCR on Watch Neg over Biz Acquisition
PARK MERIDIAN: Lender Wants Stay Lifted to Foreclose on Property
PHOTOMEDEX INC: Reports $10 Million Net Loss in First Quarter
PLUG POWER: Posts $11.1 Million Net Loss in First Quarter

PROTOM INTERNATIONAL: Has $1.86M Financing from Michaelson
PROTOM INTERNATIONAL: Proposes Jackson Walker as Counsel
PROTOM INTERNATIONAL: Proposes Lain Faulkner as Accountants
PUC VALLEY: S&P Affirms BB Rating on 2014A/B Revenue Bonds
QUICKSILVER RESOURCES: Cites Bankruptcy for Delay in 10-Q Filing

QUICKSILVER RESOURCES: Court Okays Richards Layton as Co-counsel
RADIOSHACK CORP: Hilco Assists in Soliciting Offers for Assets
RESEARCH SOLUTIONS: Lowers Net Loss to $1,800 in First Quarter
RESTAURANT BRANDS: S&P Affirms 'B+' CCR & Rates Secured Notes 'B+'
RETROPHIN INC: Swings to $39.6 Million Net Income in First Quarter

SABINE OIL: Widens Net Loss to $284 Million in First Quarter
SANDERS COMMERCIAL: Voluntary Chapter 11 Case Summary
SB PARTNERS: Incurs $140,700 Net Loss in First Quarter
SIGA TECHNOLOGIES: Posts $7.15M Net Loss for March 31 Quarter
SILVERADO STREET: US Trustee to Continue Creditors Meeting in June

STANDARD REGISTER: Court Approves Sale of Property for $2.2-Mil.
STELLAR BIOTECHNOLOGIES: Posts $426,000 Net Loss in 2nd Quarter
UNI-PIXEL INC: Issues 430,000 Common Shares to Settle Litigation
UNI-PIXEL INC: Shareholders Elect 8 Directors
UNIVERSAL COOPERATIVES: Wants Admin. Claims Filing Date Set

VERITEQ CORP: LG Capital Reports 8.9% Stake as of May 12
VERMILLION INC: Files Form 10-Q; Posts $4.1 Million Q1 Net Loss
VIRTUAL PIGGY: Incurs $3.44 Million Net Loss in First Quarter
VIRTUAL PIGGY: Sells $940,000 Convertible Promissory Notes
VUZIX CORP: Posts $5.09 Million Net Loss in First Quarter

WAFERGEN BIO-SYSTEMS: Appoints Life Sciences Industry Veteran CEO
WAFERGEN BIO-SYSTEMS: Posts $4.8 Million Net Loss in First Quarter
WAND INTERMEDIATE: $60MM Add-on No Impact on S&P's 'B+' Loan Rating
WET SEAL: Needs Until Aug. 13 to File Liquidation Plan
WIDEOPENWEST FINANCE: S&P Keeps Rating on CreditWatch Negative

WILLIAM PARTNERS: S&P Affirms BB+ Corp. Credit Rating
WILLIAMS COMPANIES: Fitch Affirms 'BB' Jr. Debentures Ratings
XRPRO BIOSCIENCES: Amends 2.1 Million Shares Resale Prospectus
YRC WORLDWIDE: Marc Lasry Reports 22.2% Stake as of March 31
[*] Ex-Kilpatrick Real Estate Finance Atty Moves To Polsinelli

[*] King & Spalding Hires Nick Cherryman to Boost Disputes Practice
[*] Richard Levin Joins Jenner & Block as New York Partner

                            *********

21ST CENTURY ONCOLOGY: Posts $15.2 Million Net Loss in Q1
---------------------------------------------------------
21st Century Oncology Holdings, Inc. reported a net loss
attributable to the Company's shareholders of $15.24 million on
$278 million of total revenues for the three months ended March 31,
2015, compared to a net loss attributable to the Company's
shareholders of $30.2 million on $233 million of total revenues for
the same period in 2014.

As of March 31, 2015, the Company had $1.15 billion in total
assets, $1.23 billion in total liabilities, $353 million in series
a convertible redeemable preferred stock, $55.07 million in
noncontrolling interest, and a $496 million total deficit.

Dr. Daniel Dosoretz, founder, president and chief executive
officer, commented, "We are very pleased with our solid start to
2015.  Results for the first quarter were strong, reflecting growth
from existing operations as well as from contributions from recent
acquisitions, both domestic and international.  Same store
treatment growth was 3.9% and same store freestanding revenue
growth was 4.6%, both meeting the high side of guidance provided to
investors during our refinancing.  Our continued focus on cost
savings and synergies resulted in a fifth consecutive quarter of
year-over-year Pro Forma Adjusted EBITDA (adjusted earnings before
interest, taxes, depreciation, amortization, stock-based
compensation and other non-cash and pro forma items) margin
expansion.  We remain focused on further EBITDA growth, expense
management, generating positive free cash flow, and deleveraging."

A full-text copy of the press release is available for free at:

                       http://is.gd/fe65Kj

                       About 21st Century

21st Century Oncology, Inc., formerly known as Radiation Therapy
Services, Inc. ("RTS") owns and operates radiation treatment
facilities in the US and Latin America.

                          *     *     *

As reported by the TCR on Feb. 27, 2015, Moody's Investors Service
upgraded 21st Century Oncology, Inc.'s Corporate Family Rating and
Probability of Default Rating to B3 and B3-PD, respectively.
The upgrade of the Corporate Family Rating to B3 and SGL to SGL-2
reflects the receipt of a $325 million preferred equity investment
from the Canada Pension Plan Investment Board and subsequent debt
reduction.

In the April 16, 2015, edition of the TCR, Standard & Poor's
Ratings Services affirmed its 'B-' corporate credit rating on Fort
Myers-based cancer care provider 21st Century Oncology Holdings
Inc.


315 W 35TH ASSOCIATES: Meeting of Creditors Set for May 20
----------------------------------------------------------
The meeting of creditors of 315 W 35th Associates LLC is set to be
held on May 20, 2015, at 2:30 p.m., according to a filing with the
U.S. Bankruptcy Court for the Southern District of New York.

The meeting will be held at the Office of the U.S. Trustee, Fourth
Floor, 80 Broad Street, in New York.

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

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

                    About 315 W 35th Associates

315 W 35th Associates LLC, owner of a parcel of real estate located
at 315 West 35th Street, New York, sought Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Case No. 15-10877) on
April 8, 2015.  

The Debtor, a Single Asset Real Estate, says the property is worth
$40 million.  Its liabilities total $30.7 million.

The Debtor tapped M. David Graubard, Esq., at Kera & Graubard, in
New York, as bankruptcy counsel.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Aug. 6, 2015.


AES CORP: 'Fitch BB-' Rating Unaffected by Share Purchase
---------------------------------------------------------
The AES Corporation's (AES, IDR 'BB-'; Outlook Negative) ratings
will not be affected by the company's buyback of 20 million shares
from China Investment Corporation's (CIC) subsidiary, Terrific
Investment Corporation, for up to $265 million, according to Fitch
Ratings.

The Ratings Outlook will remain Negative. The share purchase will
accelerate the current share repurchase program, but will remain
within its current share buyback program's limits. Currently about
$380 million (before the purchase of CIC owned shares) is available
under AES' board authorized share buyback program. Any share
buyback in excess of currently authorized limit without a
corresponding reduction in the parent level debt will be negative
for AES' credit profile.

Fitch had revised the Rating Outlook for AES to Negative from
Stable in December 2014 following the dilution of its ownership in
IPALCO Enterprises, Inc. (IPALCO), which Fitch considered to be a
credit supportive core holding. AES' sale of equivalent of a 30%
economic interest in IPALCO reduced what Fitch Ratings had expected
to be a growing source of high quality, predictable cash flow
through additional equity investments into Indianapolis Power &
Light Co. (IPL), a wholly-owned subsidiary of IPALCO.

Fitch will likely resolve the Negative Rating Outlook after
reassessing AES' portfolio strategy, forecasted cash flow profile,
and leverage targets. Fitch expects further reduction in parent
company debt as AES lessens its reliance on U.S.-domiciled
regulated businesses. Even though the annual dividends received by
AES are from a diverse set of investments, distributions from
domestic utilities, and contracted assets improve overall cash flow
quality and support the current IDR. Fitch expects AES' adjusted
parent-only cash flow (APOCF) based leverage to remain at or below
5.5x.

In February 2015, AES' board of directors approved a new $400
million share repurchase program. In December 2014, AES' board
increased quarterly dividends to $0.10 per share from $0.05 per
share, with an expected annual growth rate of 10%. The new dividend
policy became effective in the first quarter of 2015. Increase in
shareholder friendly activities without an absolute reduction in
leverage remains a rating concern.

Adjusted Parent Only Cash Flow

Fitch analyzes AES as a holding company owning a portfolio of
assets and investments in a global electricity sector given its
somewhat unique corporate profile and structure. Financially, this
represents a deconsolidated approach with respect to AES' cash
flows and debt levels. Fitch uses adjusted parent operating cash
flows (APOCF), a non-GAAP measure, with its emphasis on dividends
received and return on capital, to analyze AES' credit metrics.
This approach, similar to the method used by AES' lenders in
financial covenants, recognizes that the subsidiaries are
encumbered by individual debt that is structurally superior to the
debt of the corporate parent. The residual subsidiary cash flow
available for upstream dividends and distributions has greater
volatility than the direct cash flow of the operating subsidiaries,
and may be subject to payment restrictions under subsidiary debt
covenants, corporate by-laws, or national laws.



AFFINITY GAMING: Hires Deutsche Bank to Advice on Strategic Review
------------------------------------------------------------------
Lisa Allen, writing for The Deal, reported that Affinity Gaming
Corp.'s special committee of independent directors has hired
Deutsche Bank Securities Inc. to advise on its strategic review, a
source familiar with the situation told The Deal.

According to the report, the casino operator is running out of time
before a buyout offer from its largest investor, private equity
firm Z Capital Partners LLC, is set to expire on May 19.  Other
banks that were considered to run the strategic review included
Macquarie Capital (USA) Inc., a source previously told The Deal.

                         *     *     *

The Troubled Company Reporter, on Aug. 20, 2014, reported that
Standard & Poor's Ratings Services affirmed its ratings on Las
Vegas-based gaming operator Affinity Gaming (Affinity), including
the 'B' corporate credit rating.  The outlook remains negative.

The 'B' corporate credit rating reflects S&P's assessment of
Affinity's business risk profile as "weak" and its assessment of
the company's financial risk profile as "highly leveraged,"
according to S&P's criteria.  The liquidity profile is "adequate."

The Troubled Company Reporter, on July 7, 2014, reported that
Moody's Investors Service lowered Affinity Gaming's ratings and
assigned a negative rating outlook in response to the company's
July 1, 2014 8-K filing with the US Securities and Exchange
Commission disclosing that it will not be in compliance with
certain financial covenants contained in its senior secured credit
facility. The bank agreement includes leverage and coverage
financial maintenance covenants.




AMPLIPHI BIOSCIENCES: Amends 152.5M Shares Resale Prospectus
------------------------------------------------------------
Ampliphi Biosciences Corporation filed an amended Form S-1
registration statement with the Securities and Exchange Commission
covering the sale of an aggregate of up to 152,554,535 shares of
its common stock, par value $0.01 per share, by Intrexon
Corporation, Broadfin Healthcare Master Fund, Ltd, Armistice
Capital Master Fund, Ltd., et al.

The Shares consist of 78,787,880 shares of the Company's common
stock, which were issued pursuant to a subscription agreement,
dated as of March 10, 2015, entered into by the Company and the
selling stockholders, and 24,424,244 shares of the Company's common
stock underlying warrants, 19,696,971 of which are underlying
warrants that were issued pursuant to the subscription agreement
and 4,727,273 of which are underlying warrants that were issued to
the placement agents in connection with the completion of the March
2015 private placement, as well as 24,000,000 shares previously
issued to Intrexon Corporation in connection with the Exclusive
Channel Collaboration in March 2013 and 25,342,411 shares
previously issued to Dr. Anthony Smithyman and his affiliates in
connection with our acquisition of SPH in November 2012.

A full-text copy of the amended prospectus is available at:

                        http://is.gd/MEn2LW

                          About AmpliPhi

AmpliPhi Biosciences Corp. is a biopharmaceutical company that
develops bacteriophage-based therapeutics.  It also develops an
internally generated pipeline of naturally occurring viruses
called bacteriophage (Phage) for the treatment of bacterial
infection, such as drug-resistant strains of bacteria that are
commonly found in the hospital setting.  The company's Phage
discovery also focuses on acute & chronic lung, sinus and
gastrointestinal infections.  AmpliPhi Biosciences was founded in
March 1989 and is headquartered in Glen Allen, Virginia.

The Company reported a net loss of $57.6 million on $325,000 of
total revenue for the year ended Dec. 31, 2013, compared with a
net loss of $1.11 million on $664,000 of total revenue in 2012.

PBMares, LLP, in Richmond, Virginia, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has had recurring losses from operations and has an
accumulated deficit that raise substantial doubt about its ability
to continue as a going concern.

As of Sept. 30, 2014, the Company had $28.4 million in total
assets, $17.1 million in total liabilities and $11.3 million in
total stockholders' equity.


APPLIED MINERALS: Incurs $4.19 Million Net Loss in First Quarter
----------------------------------------------------------------
Applied Minerals, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4.19 million on $163,000 of revenues for the three months ended
March 31, 2015, compared to a net loss of $357,000 on $11,000 of
revenues for the same period a year ago.

As of March 31, 2015, the Company had $15.15 million in total
assets, $26.6 million in total liabilities and a $11.5 million
total stockholders' deficit.

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

                        http://is.gd/hNrvPf

                       About Applied Minerals

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

Applied Minerals reported a net loss of $10.3 million in 2014, a
net loss of $13.06 million in 2013 and a net loss of $9.73 million
in 2012.


ASSOCIATED WHOLESALERS: Addresses UST Concerns on Mercer Hiring
---------------------------------------------------------------
Mark Minuti, Esq., at Saul Ewing LLP, counsel for ADI Liquidation,
Inc. (formerly known as AWI Delaware, Inc.) et al., asked that the
U.S. Bankruptcy Court sign the order authorizing employment of
Mercer (US) Inc. and its affiliates, to provide actuarial and
consulting services to the Debtors as of April 2, 2015.

Mr. Minuti certified that the objection deadline has passed and no
formal objections or responses were served.  Prior to the objection
deadline, the Office of the U.S. Trustee and the Official Committee
of Unsecured Creditors requested that certain changes be made to
the proposed order approving the motion.

The Debtors filed a proposed order that reflected the requested
changes of the U.S. Trustee and the Committee.

Donald J. Parsons, a principal at Mercer Mercer (US) Inc., and its
affiliates, submitted a declaration assuring the Court the Mercer
is a "disinterested person" as that term is defined in Section
101(14) of the Bankruptcy Code.

As reported in the TCR on April 14, 2015, the Debtors tapped the
firm to:

   a) review methodology and data contained in proofs of claim
      filed by certain multi-employer pension plans in which
      W.R. Liquidation Inc. fka White Rose Inc., a sponsor of
      certain defined employee benefits plan, was a participant;

   b) review withdrawal liability computations asserted by certain
      Multi-Employer Plans and, in connection therewith, analyze,
      inter alia, the applicable funded status of the relevant
      plan, the history of any prior partial withdrawals from the
      plan and the methodology and assumptions used to determine
      nominal withdrawal liability;

   c) at the request of the Debtors, calculate the allocation of
      liability to administrative claims based on parameters
      provided by the Debtors;

   d) estimate plan termination liability for the Pension Plan
      based on certain assumptions and compare with plan
      termination liability estimate asserted by the Pension
      Benefit Guaranty Corporation;

   e) evaluate any proofs of claim filed by the PBGC, including
      any claim asserting plan underfunding, if the Pension Plan
      is terminated other than through a standard termination; and
     
   f) at the request of the Debtors, assist with any trial
      preparation and provide testimony on matters within the
      scope of the project.

The Debtors and the firm have agreed to these terms of
compensation:

   a) Statement of Work for Review of Notice of Demand Letters.
      Mercer's services under this Statement of Work are based on
      the following hourly rates:

      Senior Consultant/Actuary       $470 - $700
      Consultant/Actuary              $385 - $485
      Senior Analyst                  $300 - $385
      Analyst                         $160 - $300
      Administrative Assistant             $0

      The firm estimates that its total hourly fees under this
      Statement of Work will be in the range of $8,000 to $12,000
      for each notice of demand letter reviewed.

   b) Statement of Work for Analysis of Plan Termination       
      Liability.  Mercer's services under this Statement of Work
      are based on the hourly rates set forth above.  Mercer
      estimates that its hourly fees under this Statement of
      Work will be in the range of $12,500 to $20,000.

Mercer maintains offices in numerous locations, including 1166
Avenue of the Americas, New York City.

                   About Associated Wholesalers

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

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

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

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

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

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

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

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

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

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


B & M EXCAVATING: Tax Trouble Might Affect Case, Hearing in June
----------------------------------------------------------------
Marisa Mendelson, writing for KVOA.com, reports that unpaid taxes
could have a huge impact on creditors waiting to collect money from
B & M Excavating & Hauling, Inc's bankruptcy case.

According to KVOA.com, the Company is scheduled in June to go in
front of the bankruptcy judge regarding the tax case.

The Department of Revenue claims in court documents that the
Company failed to file tax returns before and it filed for
bankruptcy and still didn't pay after the fact.

The Attorney General's Office, on behalf of the Department of
Revenue, said in its "motion for sanctions" filed with the
Bankruptcy Court, "The department requests that this court enter an
appropriate order regarding debtor's failure to comply with the law
requiring it to file tax returns and pay post-petition taxes.
Further, the department notes that the appropriate order could
include dismissal or conversion of this case under 11."

KVOA.com quoted Matt Foley, Esq., a bankruptcy attorney in Tucson
who is not connected to the Company's case, as saying, "If you're
picking between whether a case is going to be converted to a
chapter 7 or you're picking between the case being dismissed, you
might as well be picking flowers because neither one of those are
necessarily going to pay you anything . . . .  The funds that are
generated through a liquidation process in a chapter 7 usually are
consumed by taxes and administrative expenses."

B & M Excavating & Hauling, Inc, aka B & M Contracting, Inc., is a
construction company in Arizona.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Ariz. Case No. 14-17775) on Dec. 2, 2014.  Charles R. Hyde, Esq.,
at the Law Offices of C.R. Hyde serves as the Company's bankruptcy
counsel.


B&B ALEXANDRIA: Case Summary & Largest Unsecured Creditor
---------------------------------------------------------
Debtor: B&B Alexandria Corporate Park TIC 10, LLC,
        c/o James and Cheryl Miller Trust Agreement
        c/o B&B Investments, LLC
        6917 Arlington Road, Suite 203
        Bethesda, MD 20814

Case No.: 15-11053

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: May 14, 2015

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

Judge: Hon. Kevin J. Carey

Debtor's Counsel: Kevin Scott Mann, Esq.
                  CROSS & SIMON, LLC
                  1105 N. Market Street, Suite 901
                  P. O. Box 1380
                  Wilmington, DE 19899-1380
                  Tel: 302-777-4200
                  Fax: 302-777-4224
                  Email: kmann@crosslaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by David H. Bralove, special member.

The Debtor listed B&B Alexandria Corporate Park Management, LLC, as
its largest unsecured creditor holding a claim of $674,686.

A full-text copy of the petition is available for free at:

            http://bankrupt.com/misc/deb15-11053.pdf


BATTLE CREEK: Case Summary & 9 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Battle Creek Conservation Ventures, LLC
        16000 Ventura Blvd., Ste 1000
        Encino, CA 91436

Case No.: 15-11683

Chapter 11 Petition Date: May 13, 2015

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

Judge: Hon. Maureen Tighe

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

Total Assets: $11 million

Total Debts: $9.3 million

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

List of Debtor's nine Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
California Board of                   Taxes                $452
Equalization
Account Information Group

Franchise Tax Board                                     Unknown

Internal Revenue Service                                Unknown

Tehama County Tax Collector        Tax Default         $256,409
PO Box 769
Red Bluff, CA 96080

Tehama County Tax Collector        Tax Default         $191,416

Tehama County Tax Collector        Property Tax        $151,054

Tehama County Tax Collector        Property Tax        $111,677

Tehama County Tax Collector         County Tax           $1,221

Tehama County Tax Collector        Property Tax            $358


BG MEDICINE: Amends License Agreement with Abbott
-------------------------------------------------
In anticipation of the U.S. market launch of the Abbott
Laboratories' (Abbott) ARCHITECT Galectin-3 assay, BG Medicine,
Inc., amended its license and development agreement with Abbott,
according to a document filed with the Securities and Exchange
Commission.  As Abbott takes the final steps toward making the
assay available in the U.S., the Company and Abbott amended the
agreement due to market dynamic considerations since the Galectin-3
assay first began development in 2009.

The FDA, on Dec. 23, 2014, granted 510(k) clearance for Abbott
Laboratories' (Abbott) ARCHITECT Galectin-3 assay, the first FDA
cleared automated blood test for Galectin-3.

         Series A Preferred Stock Financing with Flagship

On May 12, 2015, the Company entered into a Securities Purchase
Agreement with the Company's principal stockholders, Applied
Genomic Technology Capital Fund, L.P., AGTC Advisors Fund, L.P. and
Flagship Ventures Fund 2007, L.P., which are affiliates of the
Company's directors, Noubar B. Afeyan, Ph.D. and Harry W. Wilcox.
Pursuant to the terms and subject to the conditions contained in
the Purchase Agreement, the Company issued and sold to the
Purchasers secured convertible promissory notes in aggregate
principal amount of $500,000.  In addition and pursuant to the
terms of the Purchase Agreement, and subject to the approval of the
Company's stockholders at the Company's 2015 annual meeting of
stockholders and the satisfaction or waiver of other closing
conditions, the Company has agreed to issue and sell to the
Purchasers $2,000,000 of shares of newly created Series A Preferred
Stock, $0.001 par value per share, of the Company at the second
closing to be held following the Company's 2015 Annual Meeting.
The Notes and Series A Preferred Stock will not be and have not
been registered under the Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements.

                  Secured Convertible Promissory
                  Notes and Related Agreements

Subject to the approval of the issuance of the Series A Preferred
Stock by the Company's stockholders at the 2015 Annual Meeting, at
the Second Closing the Notes will be automatically converted
pursuant to their terms into that number of shares of Series A
Preferred Stock equal to the principal amount of the Notes plus all
accrued but unpaid interest thereon divided by the Purchase Price
of the Series A Preferred Stock.  The Notes will not be convertible
into shares of Series A Preferred Stock unless and until the
Company's stockholders approve the issuance of shares of Series A
Preferred Stock and the Second Closing is consummated.  If the
Notes have not been repaid or converted prior to the earlier of
Sept. 30, 2015, and the date the Company terminates the Purchase
Agreement in accordance with its terms, the Company will be
obligated to repay the outstanding principal amount of the Notes
plus any accrued but unpaid interest thereon.  In the event of a
Change of Control, the holders of the Notes will be entitled to the
payment of a premium equal to two times the outstanding principal
amount of the Notes, in addition to the payment of principal and
accrued but unpaid interest thereon.  Therefore, in general, if the
Notes are outstanding at the time of a sale or liquidation of the
Company and the proceeds received upon such sale or liquidation do
not exceed three times the aggregate principal amount of the Notes
plus one times the accrued and unpaid interest thereon, holders of
the Company's common stock would receive no value for their shares
upon such sale or liquidation, because the proceeds would be paid
to the holders of the Notes to satisfy the priority payment
obligations thereunder.

               Series A Preferred Stock, Certificate of
              Designations and Investor Rights Agreement

Under the terms of the Purchase Agreement, the Company agreed that
the price per share at which the Series A Preferred Stock will be
sold at the Second Closing will be the lesser of (a) 85% of the
arithmetic average of the volume-weighted average price of the
Company's common stock, $0.001 par value per share on each of the
ten trading days immediately preceding the date of the Second
Closing and (b) $0.67 per share.

                         Director Resigns

In connection with the execution of the Purchase Agreement by the
Company and the Purchasers, on May 12, 2015, Stephane Bancel, who
is affiliated with Flagship Ventures, resigned from the Board,
effective as of that time.  Also, effective as of that time, the
Board appointed Harry W. Wilcox, also an affiliate of Flagship
Ventures, to fill the vacancy created by Mr. Bancel's resignation.


Mr. Bancel did not communicate any disputes regarding the Company's
operations, policies or practices to the Company in connection with
this resignation, nor is the Company aware of any. Subject to SEC
and NASDAQ corporate governance rules, Mr. Wilcox will serve on the
Company's Nominating and Governance Committee and its Compensation
Committee.  It is anticipated that following the Second Closing of
the Financing and the issuance of the Series A Preferred Stock, Mr.
Wilcox will remain on the Board and his seat will transition into
that of the Preferred Elected Director.

Harry W. Wilcox, age 61, has served on the Company's Board of
Directors since May 2015.  Mr. Wilcox has been Chief Operating
Officer and General Partner of Flagship Ventures, a venture capital
firm, since 2013.  From 2006 to 2013, he was chief financial
officer and partner of Flagship Ventures.  From 2004 to 2006, he
was Chief Financial Officer and senior vice president of Corporate
Development of EXACT Sciences.  Mr. Wilcox received his M.B.A. from
Boston University and his B.S. in Finance from the University of
Arizona.  Mr. Wilcox currently serves as a director of T2
Biosystems, Inc., an in vitro diagnostics company.

In January 2013, the Company closed a follow-on underwritten public
offering of 6,900,000 shares of Common Stock at a price to the
public of $2.00 per share, including an aggregate of 2,000,000
shares purchased at the public offering price by entities
affiliated with Flagship Ventures for an aggregate offering price
of $4,000,000.  Shares of Common Stock purchased in the offering by
entities affiliated with Flagship Ventures included 75,000 shares
purchased by AGTC Advisors Fund, L.P., 500,000 shares purchased by
Applied Genomic Technology Fund, L.P., 1,050,000 shares purchased
by Flagship Ventures Fund 2007, L.P., 125,000 shares purchased by
NewcoGen Equity Investors LLC and 250,000 shares purchased by
NewcoGen Group LLC.

On Dec. 3, 2014, the Company issued 113,989 shares of Common Stock
to entities affiliated with Flagship Ventures upon the net exercise
of previously issued warrants to purchase shares of Common Stock,
including 49,392 shares issued to NewcoGen Group LLC, 52,095 shares
issued to NewcoGen Equity Investors LLC, 6,226 shares issued to ST
NewcoGen LLC and 6,276 shares issued to NewcoGen—Long Reign
Holding LLC.

A full-text copy of the Form 8-K report is available at:

                        http://is.gd/dhObOV

                          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 $8.06 million on $2.78 million
of total revenues for the year ended Dec. 31, 2014, compared to a
net loss of $15.8 million on $4.07 million of total revenues for
the year ended Dec. 31, 2013.  The Company previously reported a
net loss of $23.8 million in 2012.

As of Dec. 31, 2014, the Company had $5.22 million in total assets,
$4.67 million in total liabilities, and $557,000 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, 2014, citing that the Company's recurring
losses from operations, recurring cash used in operating activities
and accumulated deficit raise substantial doubt about its ability
to continue as a going concern.


BIG M: May 19 Hearing on Case Dismissal Bid
-------------------------------------------
The Bankruptcy Court will convene a hearing on May 19, 2015, at
10:00 a.m., to consider Big M, Inc.'s motion to dismiss its Chapter
11 case.  Objections were due May 12.

According to the Debtor, it has worked with the Official Committee
of Unsecured Creditors to maximize the value of this estate through
a sale of substantially all of the Debtor's assets.  However, the
consideration received by the Debtor for its assets is insufficient
to permit the Debtor to pay administrative claims or estate
professional fees in full or provide for a distribution to
prepetition general unsecured creditors due to:

   -- the lack of a competitive market for the Debtor's assets, as
reflected by the fact that only one bidder submitted a going
concern bid;

   -- downward post-closing adjustments to the purchase price
demanded by YM LLC USA, the purchaser of the Debtor's assets, under
the governing sale documents;

   -- administrative cost overruns incurred by estate professionals
in negotiating the appropriate purchase price reduction and a
global settlement with the Debtor's insiders;
and

   -- lower than projected recoveries on an insurance claim
relating to damages sustained by the Debtor from Superstorm Sandy.

As a result, the Debtor does not have sufficient funds to propose
and confirm a Chapter 11 plan.

The Debtor is represented by:

         Kenneth A. Rosen, Esq.
         Mary E. Seymour, Esq.
         Michael Savetsky, Esq.
         LOWENSTEIN SANDLER LLP
         65 Livingston Avenue
         Roseland, NJ 07068
         Tel: (973) 597-2500
         Fax: (973) 597-2400

                         About Big M, Inc.

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

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

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

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

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

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

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



BLUE COAT: S&P Withdraws 'B' Corporate Credit Rating
----------------------------------------------------
Standard & Poor's Ratings Services said it removed from CreditWatch
and then withdrew its corporate credit rating on Sunnyvale,
Calif.-based provider of network security products Blue Coat
Systems Inc.

"The rating withdrawal reflects the planned acquisition of Blue
Coat's holding company, Project Barbour Holdings Corp., by Bain
Capital," said Standard & Poor's credit analyst Kenneth Fleming.

Under the new capital structure, the operating company will no
longer be the issuer of the company's debt.

On May 12, 2015, S&P assigned its 'B' corporate credit rating with
a negative outlook to Project Barbour Holdings Corp. following the
announcement of the company's new capital structure in conjunction
with Bain Capital's acquisition of the company.

Upon completion of the transaction, Project Barbour Holdings Corp.
will be renamed Blue Coat Holdings Inc. At that time, S&P expects
to withdraw the issue-level ratings on the company's debt, which
will be redeemed in the transaction.


BON-TON STORES: Gabelli Funds Has 6.62% Stake as of May 5
---------------------------------------------------------
Gabelli Funds, LLC disclosed in an amended Schedule 13D filed with
the Securities and Exchange Commission that as of May 5, 2015, it
beneficially owns 1,190,334 shares of common stock of
The Bon-Ton Stores, Inc., which represents 6.62 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/Q4zIdZ

                       About Bon-Ton Stores

Bon-Ton Stores, a Pennsylvania corporation, was founded in 1898
and
is a department store operator in the United States, offering a
broad assortment of brand-name fashion apparel and accessories for
women, men and children.  The Company's merchandise offerings also
include cosmetics, home furnishings and other goods.  The Company
currently operate 270 stores in 26 states in the Northeast,
Midwest
and upper Great Plains under the Bon-Ton, Bergner's, Boston Store,
Carson's, Elder-Beerman, Herberger's and Younkers nameplates,
encompassing a total of approximately 25 million square feet.

Bon-Ton Stores reported a net loss of $6.97 million on $2.75
billion of net sales for the fiscal year ended Jan. 31, 2015,
compared to a net loss of $3.55 million on $2.77 billion of net
sales for the fiscal year ended Feb. 1, 2014.  The Company reported
a net loss of $21.6 million for the fiscal
year ended Feb. 2, 2013.

                           *     *     *

As reported by the TCR on May 15, 2013, Moody's Investors Service
upgraded Bon-Ton Stores's Corporate Family Rating to 'B3' from
'Caa1' and its Probability of Default Rating to 'B3-PD' from
'Caa1-PD'.

"The upgrade of Bon-Ton's Corporate Family Rating considers the
company's ability to drive modest same store sales growth as well
as operating margin expansion beginning in the second half of 2012
and that these positive trends have continued, with the company
reporting that its same store were positive, and EBITDA margins
expanded, in the first fiscal quarter of 2013," said Moody's Vice
President Scott Tuhy.

As reported by the TCR on May 17, 2013, Standard & Poor's Ratings
Services affirmed the 'B-' corporate credit rating on Bon-Ton
Stores.


BOTANICAL REALTY ASSOCIATES: Meeting of Creditors Set for June 5
----------------------------------------------------------------
The meeting of creditors of Botanical Realty Associates Urban
Renewal, LLC is set to be held on June 5, 2015, at 3:00 p.m.,
according to a filing with the U.S. Bankruptcy Court for the
Eastern District of New York.

The meeting will be held at Room 2579, 271-C Cadman Plaza East, in
Brooklyn, NY.

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

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

                     About Botanical Realty

Botanical Realty Associates Urban Renewal, LLC, commenced a Chapter
11 bankruptcy case (Bankr. E.D.N.Y. Case No. 15-41835) in Brooklyn,
without stating a reason.  The Debtor, a Single Asset Real Estate
as defined in 11 U.S.C. Sec. 101(51B), says its principal asset is
located at 125 Monitor Street, Jersey City, New Jersey.  It says
that its assets are worth $10 million to $50 million and total debt
is less than $10 million.  David Carlebach, Esq., at The Carlebach
Law Group, in New York, serves as counsel.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Aug. 21, 2015.


BPZ RESOURCES: U.S. Trustee Forms Creditors Committee
-----------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of BPZ Resources
Inc. appointed five creditors of the company to serve on the
official committee of unsecured creditors.:

     (1) Wells Fargo Bank, N.A., as Trustee
         Attn: Thomas Korsman
         625 Marquette Avenue, 16th Floor
         MAC: N9311-161
         Minneapolis, MN 55402
         Tel: 612-466-5890
         Fax: 866-680-1777
         E-mail: thomas.m.korsman@wellsfargo.com

     (2) Indaba Capital Fund, L.P.
         c/o Indaba Capital Management
         Attn: Thomas E. McConnon
         One Letterman Drive
         Building D, Suite DM700
         San Francisco, CA 94129
         Tel. 415-680-1180
         Fax 415-680-1181
         E-mail: tmcconnon@indabacapital.com

     (3) Silverback Asset Management L.L.C.
         Attn: Dan Magid
         1414 Raleigh Rd., Suite 250
         Chapel Hill, NC 27517
         Tel: 919-969-9300
         Fax: 919-969-9828
         E-mail: dmagid@silverbackasset.com

     (4) Frederick T. Greene
         1599 Lake Robbins Dr. #200
         The Woodlands, TX 77381
         Tel: 832-375-2513
         Fax: 832-375-3513
         E-mail: fred.greene@woodforestfinancial.com

     (5) Robert C. Kinnear Jr.
         14 East Horizon Ridge Place
         The Woodlands, TX 77381
         Tel. 281-364-8882
         E-mail: bob.kinnear@att.net

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 BPZ Resources

BPZ Energy -- http://www.bpzenergy.com/-- which trades as BPZ
Resources, Inc., under ticker symbol BPZ on the New York Stock
Exchange and the Bolsa de Valores in Lima, is an independent oil
and gas exploration and production company which has license
contracts covering 1.9 million net acres in offshore and onshore
Peru.  BPZ Resources maintains an office in Victoria, Texas, and
through its subsidiaries maintains offices in Lima and Tumbes,
Peru, and Quito, Ecuador.

BPZ Resources sought Chapter 11 protection (Bankr. S.D. Tex. Case
No. 15-60016) in Victoria, Texas, on March 9, 2015.  The case is
pending before the Honorable David R. Jones.

The Debtor has tapped Stroock & Stroock & Lavan LLP as bankruptcy
counsel, Hawash Meade Gaston Neese & Cicack LLP, as local Texas
counsel, Houlihan Lokey Capital, Inc., as investment banker, Baker
Hostetler, as the audit committee's special counsel; and Kurtzman
Carson Consultants as claims and noticing agent.

The Debtor disclosed total assets of $364 million and debt of $275
million.


BROADVIEW NETWORKS: Incurs $3.75 Million Net Loss in 1st Quarter
----------------------------------------------------------------
Broadview Networks Holdings, Inc. filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $3.75 million on $72.85 million of
revenues for the three months ended March 31, 2015, compared to a
net loss of $3.06 million on $77.61 million of revenues for the
same period a year ago.

As of March 31, 2015, Broadview Networks had $209.07 million in
total assets, $213.83 million in total liabilities and a $4.76
million total stockholders' deficiency.

As of March 31, 2015, the Company's $14.7 million of cash and cash
equivalents was being held in several large financial institutions,
although most of its balances exceed the Federal Deposit Insurance
Corporation insurance limits.

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

                        http://is.gd/4xWlJj

                     About Broadview Networks

Rye Brook, N.Y.-based Broadview Networks Holdings, Inc., is a
communications and IT solutions provider to small and medium sized
business ("SMB") and large business, or enterprise, customers
nationwide, with a historical focus on markets across 10 states
throughout the Northeast and Mid-Atlantic United States, including
the major metropolitan markets of New York, Boston, Philadelphia,
Baltimore and Washington, D.C.

Broadview Networks reported a net loss of $9.22 million in 2014, a
net loss of $8.48 million in 2013 and a net loss of $35.3 million
in 2012.

                           *     *     *

In the July 23, 2012, edition of the Troubled Company Reporter,
Moody's Investors Service downgraded Broadview Networks Holdings,
Inc. Corporate Family Rating (CFR) to 'Caa3' from 'Caa2' and the
Probability of Default Rating (PDR) to 'Ca' from 'Caa3' in
response to the company's announcement that it has entered into a
restructuring support agreement with holders of roughly 70% of its
preferred stock and roughly 66-2/3% of its Senior Secured Notes.
The company is expected to file a pre-packaged Chapter 11 Plan of
Reorganization or complete an out of court exchange offer.

As reported by the TCR on July 25, 2012, Standard & Poor's Ratings
Services lowered its corporate credit rating on Broadview to 'D'
from 'CC'.  "This action follows the company's announced extension
on its revolving credit facility.  We expect to lower the issue-
level rating on the notes to 'D' once the company files for
bankruptcy, or if it misses the Sept. 1, 2012 maturity payment on
the notes," S&P said.


CAL DIVE: Says No Objection Received for Derrick's Employment
-------------------------------------------------------------
Amanda R. Steele, Esq., at Richards, Layton & Finger, P.A., counsel
for Cal Dive International, Inc., et al., filed a certificate of no
objection regarding the Debtors' amended application to employ
Derrick Offshore Ltd. as vessel and equipment appraiser nunc pro
tunc to April 2, 2015.

Ms. Steele requested that an order be entered at the earliest
convenience of the Court.  As of the objection deadline, no answer,
objection or other responsive pleading to the application has
appeared on the Court's docket.

As reported in the Troubled Company Reporter on April 29, 2015, the
Debtors have tapped Derrick to provide appraisal services for
certain vessels, saturation diving systems, and air dive systems.

The fees and anticipated expenses associated with Derrick's
services as appraiser total GBP850 ($1,300) per vessel appraised,
GBP500 ($800) per SAT System appraised, and GBP2,500 ($380) for a
summary report of the expected value range for the Air Dive
Systems.  The Debtors expect to obtain appraisals for at least
three vessels and two SAT Systems, and to have Derrick prepare one
summary value report for Air Dive Systems.  Given its flat fee
structure for appraisal, the Debtors request that Derrick not be
required to maintain time records as it is not Derrick's general
practice to keep detailed time records similar to those kept by
attorneys and other of the retained professionals in these chapter
11 cases.

To the best of the Debtors' knowledge, Derrick is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                    About Cal Dive International

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

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

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

Cal Dive disclosed total assets of $571 million and total debt of
$411 million as of Sept. 30, 2015.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.  The Debtors also
tapped Carl Marks Advisory Group LLC as crisis managers and
appoint F. Duffield Meyercord as chief restructuring officer.

The U.S. Trustee for Region 3 formed a five-member committee of
unsecured creditors in the Chapter 11 case of Cal Dive
International, Inc.


CANCER GENETICS: Posts $4.27 Million Net Loss in First Quarter
--------------------------------------------------------------
Cancer Genetics, Inc. reported a net loss of $4.27 million on $4.37
million of revenue for the three months ended March 31, 2015,
compared to a net loss of $2.48 million on $1.43 million of revenue
for the same period in 2014.

As of March 31, 2015, the Company had $43.2 million in total
assets, $12.2 million in total liabilities and $31.0 million in
total stockholders' equity.

"We continue to make strong progress in driving market adoption,
revenue growth, and developing a unique, unrivaled portfolio of
genomic capabilities in oncology," said Panna Sharma, CEO &
president of Cancer Genetics, Inc.  "We are pleased with the
continued acceleration of our business and revenue with our
biopharma partners, and in the rapid adoption of our NGS panels and
genomic knowledge into active clinical trials."

Total cash at March 31, 2015, was $28.6 million and includes the
amount restricted for the Company's loan facility with Wells Fargo.
This restriction has been released with the refinancing of the
Company's debt facility.  The Company had unrestricted cash and
cash equivalents of $22.3 million as of March 31, 2015, as compared
to $25.6 million as of Dec. 31, 2014.

A full-text copy of the press release is available at:

                       http://is.gd/5r0OoN

                      About Cancer Genetics

Rutherford, N.J.-based Cancer Genetics, Inc., is an early-stage
diagnostics company focused on developing and commercializing
proprietary genomic tests and services to improve and personalize
the diagnosis, prognosis and response to treatment (theranosis) of
cancer.

Cancer Genetics reported a net loss of $16.6 million in 2014, a net
loss of $12.4 million in 2013 and a net loss of $6.66
million in 2012.


CANCER GENETICS: Posts $4.3 Million Net Loss in First Quarter
-------------------------------------------------------------
Cancer Genetics, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4.27 million on $4.37 million of revenue for the three months
ended March 31, 2015, compared to a net loss of $2.48 million on
$1.43 million of revenue for the same period a year ago.

As of March 31, 2015, the Company had $43.19 million in total
assets, $12.22 million in total liabilities and $30.97 million in
total stockholders' equity.

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

                        http://is.gd/jZahAs

                       About Cancer Genetics

Rutherford, N.J.-based Cancer Genetics, Inc., is an early-stage
diagnostics company focused on developing and commercializing
proprietary genomic tests and services to improve and personalize
the diagnosis, prognosis and response to treatment (theranosis) of
cancer.

Cancer Genetics reported a net loss of $16.6 million in 2014, a net
loss of $12.4 million in 2013 and a net loss of $6.66
million in 2012.


CENTRAL OKLAHOMA: BKD LLP Okayed to Audit and Prepare 401(k) Plan
-----------------------------------------------------------------
Central Oklahoma United Methodist Retirement Facility, Inc. doing
business as Epworth Villa, won bankruptcy court approval to expand
the scope of BKD, LLP's employment.  The Debtor is also authorized
to use property of the estate to compensate and reimburse BKD for
the additional services.

The Debtor wished to expand the scope of employment of BKD to
include the audit of Epworth Villa's 401(k) plan and preparation of
Epworth Villa's Form 5500 information return, and preparation
of Epworth Villa's Medicare cost report for the year ended
Dec. 31, 2014.

Pursuant to the engagement letters, BKD will provide the 401(k)
Services for fees not to exceed $18,000, and the cost report
services for $5,475, to be paid upon receipt of BKD's invoice in
June 2015, when the additional services are expected to be
completed, plus travel costs and fees for services from other
professionals, if any, and an administrative fee of 4% to cover
items such as copies, postage and other delivery charges, supplies,
technology-related costs as computer processing, software
licensing, research and library databases and similar expense
items.

               Clarification of BKD's Compensation

In a separate filing, the Debtor requested for clarification of
Jan. 23, 2015 order granting motion to employ BKD to provide audit
and tax services, and authorizing payment of fees and expenses.

Pursuant to Federal Rule of Civil Procedure 60(a), the Debtor
requested that the Court enter an order clarifying that its
previous order authorized payment to BKD for auditing services in
the amount of $45,000 and for tax preparation services in the
amount of $7,000, as stated in the engagement letter, rather than
$28,950 for auditing services and $5,550 for tax preparation
services, as erroneously stated in the motion for employment.

In its motion for employment, the Debtor sought an order approving
use of property of the estate to compensate and reimburse BKD for
its services, noting that those services would be provided "at flat
rates, plus expenses, as set forth in the engagement letter.  The
Debtor then mistakenly stated, "Pursuant to the engagement letter,
BKD will provide the audit services for a flat rate of $28,950 and
the tax preparation services at a flat rate of $5,550."

As reported in the Troubled Company Reporter on Feb. 11, 2015,
Central Oklahoma United Methodist Retirement Facility, Inc. dba
Epworth Villa obtained permission from the U.S. Bankruptcy Court
for the Western District of Oklahoma to employ BKD, LLP, for audit
and tax services.

As reported in the Feb. 5, 2015 edition of the TCR, Epworth Villa
tapped BKD LLP as auditor to audit its balance sheets as of Dec.
31, 2014 and the related statements of operations, changes in net
assets, and cash flows for the year 2014, and to prepare its 2014
Form 990, Return of Organization Exempt From Income Tax, Form
990-T, Exempt Organization Business Income Tax Return, and Form
512-E, Oklahoma Return of Organization Exempt Form Income Tax.

BKD LLP will provide the audit services for a flat rate of $28,950
and the tax preparation services at a flat rate of $5,550, to be
paid in three equal installments in January 2015, March 2015, and
May 2015, when BKD's services are expected to be completed.  In
addition, Epworth Villa will be billed travel costs and fees for
services from other professionals, if any, as well as an
administrative fee of 4% to cover items such as copies, postage
and
other delivery charges, supplies, technology-related costs such as
computer processing, software licensing, research and library
databases and similar expense items.

Kevin D. Gore, partner of BKD 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.

              About Central Oklahoma United Methodist

Central Oklahoma United Methodist Retirement Facility, Inc., dba
Epworth Villa, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Okla. Case No. 14-12995) on July 18,
2014.  The case is before Judge Sarah A. Hall.

The Debtor's counsel is Brandon Craig Bickle, Esq., Sidney K.
Swinson, Esq., and Mark D.G. Sanders, Esq., at Gable & Gotwals,
P.C., in Tulsa, Oklahoma; and G. Blaine Schwabe, III, Esq., at
Gable & Gotwals, P.C., in Oklahoma City, Oklahoma.

The Debtor reported $118 million in total assets, and $108 million
in total liabilities.



CHAMPION INDUSTRIES: Extends Maturity of Credit Agreement to 2017
-----------------------------------------------------------------
Champion Industries, Inc., various Champion subsidiaries, as
Guarantors, Marshall T. Reynolds, as shareholder and Big 4
Investments, LLC as Lender and Administrative Agent, entered into
an Extension Agreement dated April 29, 2015, of the Third Amended
and Restated Credit Agreement dated Oct. 7, 2013, and related Term
Note A, Guaranty Agreement, and Stock Pledge and Security
Agreement.  

The Extension Agreement is a continuation of the October 2013
Credit Agreement and related Term Note A, Guaranty Agreement, and
Stock Pledge and Security Agreement.  The principal terms and
conditions of the Extension Agreement and the October 2013 Credit
Agreement and documents related thereto are as follows:

* Maturity of April 1, 2017.

* Principal balance as of the date of execution of the Extension
   Agreement of $9,100,000.

* Interest rate at the Wall Street Journal prime rate of interest
   plus two percent.

* Principal payments due monthly at $50,000 per month.

* Financial covenant of maximum capital expenditures of
   $3,000,000 during any fiscal year.

* Personal guaranty of Marshall T. Reynolds.

* Stock Pledge and Security Agreement providing a third party
   credit enhancement to fully support the credit facility
   underwritten by the Administrative Agent.

* In consideration for the personal Guaranty Agreement of
   Marshall T. Reynolds and Stock Pledge and Security Agreement,
   the warrants held by the Previous Lenders were assigned to
   Marshall T. Reynolds.  The warrants represent $0.001 per share
   warrants issued for up to 30% (on a post-exercise basis) of the

   outstanding common stock of the Company in the form of non
   -voting Class B common stock and associated Investor Rights
   Agreement.

In April 2015, the Company paid and satisfied the $500,000 premium
provision related to Term Note A.

A full-text copy of the Extension Agreement is available at:

                        http://is.gd/DmBSjM

                     About Champion Industries

Champion Industries, Inc., is engaged in the commercial printing
and office products and furniture supply business in regional
markets east of the Mississippi River.  The Company also publishes
The Herald-Dispatch daily newspaper in Huntington, West Virginia
with a total daily and Sunday circulation of approximately 23,000
and 28,000.

Champion Industries reported a net loss of $1.13 million for the
year ended Oct. 31, 2014, compared to net income of $5.71 million
in 2013.

As of Oct. 31, 2014, the Company had $24 million in total assets,
$20.8 million in total liabilities and $3.20 million in total
shareholders' equity.


CHILDREN OF PROMISE: S&P Assigns BB+ Rating to 2015 A/B Bonds
-------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' rating to the
California Statewide Communities Development Authority's school
facility revenue bonds series 2015A and taxable series 2015B issued
on behalf of Children of Promise Preperatory Academy (COPPA). The
outlook is stable.

"The rating reflects a strengthening enrollment profile with
continued enrollment growth supported by a small, but growing
waitlist; strong retention; and stable management," said Standard &
Poor's credit analyst Debra Boyd. "Although the school has a
limited history, it has demonstrated three years of positive
operations on a full-accrual basis, and it expects to be positive
in 2015 as well," added Ms. Boyd.

The stable outlook reflects S&P's anticipation that the school will
maintain positive operations, liquidity, and maximum annual debt
service coverage at levels commensurate with the rating. S&P also
expects enrollment levels to grow to levels necessary to produce
positive operations on a full-accrual basis as projected.


CLOUDEEVA INC: Court Approves Punhani Law as Immigration Counsel
----------------------------------------------------------------
Richard B. Honig, the Successor Chapter 11 Trustee of Cloudeeva,
Inc. and its debtor-affiliates, sought and obtained permission from
the Hon. Kathryn C. Ferguson of the U.S. Bankruptcy Court for the
District of New Jersey for the continued retention of Punhani Law
Firm LLC as special immigration counsel to the Trustee, nunc pro
tunc to Feb. 10, 2015.

The Successor Chapter 11 Trustee believed that it is in the best
interest of the Debtor's estate to continue Punhani Law's retention
to perform services relating to immigration law issues.

Punhani Law will continue to provide the following services:

   (a) handling matters of immigration law;

   (b) preparing and filing H1-B Specialty Occupation Worker
       Petitions (I-129H) for Beneficiaries and Green Card
       Processing; and

   (c) making the necessary filings with the U.S. Citizenship and
       Immigration Services.

Ankush Punhani, partner of Punhani Law, 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.

Punhani Law can be reached at:

       Ankush Punhani, Esq.
       PUNHANI LAW FIRM LLC
       5 Penn Plaza, 23rd Floor, Suite 2355
       New York, NY 10001
       Tel: (212) 457-1153

                     About Cloudeeva, Inc.

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

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

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

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

                           *     *     *

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

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

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

The Court approved the appointment of Stephen Gray as Chapter 11
trustee for the Debtors' estate.  The trustee was represented by
Saul Ewing LLP.  Richard B. Honig was later appointed as the
Chapter 11 successor trustee for Cloudeeva Inc.


COMMUNITY FACILITIES: Chapter 9 Case Summary & Unsec. Creditor
--------------------------------------------------------------
Debtor: Community Facilities District No. 1990-1 (Wildwood  
        Estates), Nevada County, California
          aka CFD-1990-1
        950 Maidu Avenue
        Nevada, CA 95959

Bankruptcy Case No.: 15-23888

Type of Business: Municipality

Chapter 9 Petition Date: May 13, 2015

Court: United States Bankruptcy Court
       Eastern District of California (Sacramento)

Debtor's Counsel: Debra A. Riley, Esq.
                  ALLEN MATKINS LECK GAMBLE MALLORY &
                  NATSIS LLP
                  501 West Broadway 15th Floor
                  San Diego, CA 92101
                  Tel: 619-233-1155

Estimated Assets: $1 million to $10 million

Estimated Debts: $10 million to $50 million

The petition was signed by Richard A. Haffey, Nevada County
executive officer on behalf of the Debtor.

The Debtor listed Nevada County as its largest unsecured creditor
holding a claim of $120,787.

A full-text copy of the petition is available for free at:

           http://bankrupt.com/misc/caeb15-23888.pdf


CONSTAR INT'L: Needs Until June 19 to File Plan
-----------------------------------------------
Capsule International Holdings, LLC, f/k/a Constar International
Holdings LLC, et al., ask the U.S. Bankruptcy Court for the
District of Delaware to further extend their exclusive period to
file a Chapter 11  plan through and including June 19, 2015, and to
solicit acceptances of that plan through and including Aug. 19,
2015.

According to Evan T. Miller, Esq., at Bayard, P.A., in Wilmington,
Delaware, "[t]he Debtors believe that ample cause exists to further
extend their Exclusive Periods.  Since the entry of the First,
Second, Third, Fourth, Fifth, and Sixth Exclusivity Orders, the
Debtors have been working diligently with the Official Committee of
Unsecured Creditors and their retained professionals to liquidate
the Debtors' remaining assets, reconcile claims, and investigate
potential claims and causes of action held by the Debtors' estates,
which the Committee believes are the main issues that must be
resolved before the Committee may propose a confirmable chapter 11
plan.  The Debtors and the Committee, through, inter alia, their
joint retention of Diamond, have made and continue to make
substantial progress in their ongoing investigation and effort to
liquidate the Lender KEIP claims."

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

                   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).


CORINTHIAN COLLEGES: Can Hire Rust Consulting as Claims Agent
-------------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware authorized Corinthian Colleges, Inc., et al., to employ
Rust Consulting/Omni Bankruptcy as the official claims and noticing
agent, nunc pro tunc to the Petition Date.

The Debtors anticipate that the Chapter 11 cases will require
approximately 65,000 entities to be noticed.  In view of that
large
number and the complexity of the Debtors' businesses, the Debtors
submit that the employment and retention of a claims and noticing
agent is both required by Local Rule 2002-1(f) and in the best
interests of the Debtors' estates and creditors.

For its services, the firm will charge at these hourly rates:

   Position                                  Hourly Rate
   --------                                  -----------
Clerical Support                                 $20
Project Specialist                               $45
Project Supervisors                              $65
Technology/Programming                           $75
Consultants                                      $80
Senior Consultants                              $125

E-mail noticing will be free of charge but the firm will charge
$0.07 per image for fax noticing.  For inputting proofs of claims,
the firm will charge at its hourly rates.  For data storage, the
firm will waive any charges.  With respect to the informational
Web
site, the creation and initial set-up will be free of charge, but
data entry will cost $45 per hour, and programming will cost $90
per hour.  For the preparation of schedules and statements, the
firm will charge $45 to $125 per hour.

Prior to the Petition Date, the Debtors provided Rust/Omni a
$40,000 retainer.

Prior to its selection of Rust Omni, the Debtor obtained and
reviewed engagement proposals from three other court-approved
claims and noticing agent to ensure selection through a
competitive
process.

                  About Corinthian Colleges

Corinthian Colleges, Inc., was founded in February 1995, and
through acquisitions became one of the largest for-profit
post-secondary education companies in the United States and
Canada.

Corinthian Colleges, which in 2014 had more than 100 campuses all
over the U.S. and Canada, sought bankruptcy protection to complete
an orderly wind down of its operations.

Corinthian Colleges, Inc., Pegasus Education, Inc., and 23
affiliated entities filed voluntary Chapter 11 petitions (Bankr.
D.
Del. Lead Case No. 15-10952) on May 4, 2015.  The cases are
assigned to Judge Kevin J. Carey.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel;
FTI Consulting, Inc., as restructuring advisors; and
Rust Consulting/Omni Bankruptcy as claims and noticing agent.

Corinthian Colleges estimated $10 million to $50 million in assets
and $100 million to $500 million in debt.

As of the Petition Date, Corinthian has outstanding obligations of
$94.4 million in aggregate principal amount, in respect of
prepetition domestic loans, $8.9 million in aggregate principal
amount, in respect of domestic letters of credit issued, and
CAD$2.3 million in aggregate principal amount, in respect of
Canadian letters of credit issued under a credit agreement with
Bank of America, N.A., as administrative agent.


CORINTHIAN COLLEGES: Students' Request to Form Committee Granted
----------------------------------------------------------------
The U.S. Trustee's Office on May 13 granted an ad-hoc student
group's request to form a special committee to represent the
interests of students of the recently-collapsed Corinthian Colleges
Inc.  The honoring of the seldom-granted request is a victory for
the estimated 500,000 students impacted by Corinthian's collapse,
giving them meaningful participation in the bankruptcy process,
said attorneys from the Public Counsel Law Center, Robins Kaplan
LLP, and Strumwasser & Woocher LLP, who represent the student
group.

"[Wednes]day's decision gives the student body a recognized
organized role in the proceedings," said Mark Rosenbaum, Director
of Public Counsel Opportunity Under Law.  "Our expectation is that
the collective bankruptcy proceedings will provide a forum to work
out many of the issues with the colleges, the Department of
Education, and other parties."

"The doors are now open for all students who had their futures and
finances harmed by these schools to make their grievances heard,"
said Aeyla Admire, a former student at Corinthian Colleges
subsidiary, Everest College, who was misled by Everest about her
program's accreditation and how her education would be financed.

The Committee will be able to put the important topics of student
relief on the agenda for discussion and will ensure that a plan
provides all student creditors both a voice and a vote.

"[Wednes]day's action is a very promising development, and we
achieved an important first step toward giving each and every
student a voice.  We are grateful to the Office of the United
States Trustee for acting quickly to address the needs of this
critical constituency," said Scott Gautier of Robins Kaplan LLP,
bankruptcy counsel for the ad-hoc student group.

Students who have already been organizing together and advocating
for themselves as a group over the past year will volunteer to
serve on the Committee, and all former students will also have an
opportunity to apply to serve on the committee through the Office
of the United States Trustee, who has sole discretion to appoint
Committee members.

"It is our understanding that the U.S. Trustee will be looking for
a fair cross-section of student interests, as well as students that
have proven their willingness to follow through on the obligation
to represent students' interests.  We trust that the Committee will
be appointed quickly, and we are already working on motions for
immediate relief to protect the students' interests in this case.
We look forward to working with the Students' Committee on these
matters as soon as possible," Mr. Gautier added.

                    About Corinthian Colleges

Corinthian Colleges, Inc., Pegasus Education, Inc., and 23
affiliated entities filed voluntary Chapter 11 petitions (Bankr. D.
Del. Lead Case No. 15-10952) on May 4, 2015.  The Chapter 11
petitions are being jointly administered under the caption In re:
Corinthian Colleges, Inc. et al., Case No. 15-10952 (KJC).  The
cases are assigned to Judge Kevin J. Carey.

Corinthian Colleges, Inc., was founded in February 1995, and
through acquisitions became one of the largest for-profit
post-secondary education companies in the United States and
Canada.

Corinthian Colleges, which in 2014 had more than 100 campuses all
over the U.S. and Canada, sought bankruptcy protection to complete
an orderly wind down of its operations.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel; FTI
Consulting, Inc., as restructuring advisors; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

Corinthian Colleges disclosed total assets of $19.2 million and
total liabilities of $143.1 million in its petition.


COUNTRY STONE: Hires Deloitte FAS as Consultant
-----------------------------------------------
Old CSH, Inc., (fka Country Stone Holdings, Inc.) and its
debtor-affiliates seek authorization from the U.S. Bankruptcy Court
for the Central District of Illinois to employ Deloitte Financial
Advisory Services LLP ("Deloitte FAS") as a consultant, effective
as of March 31, 2015.

Deloitte FAS has provided, and agrees to continue to provide,
assistance to the Debtors in accordance with the terms and
conditions set forth in the Engagement Letter. In particular,
Deloitte FAS is anticipated to provide assistance in reading the
financial information and other data relevant to this matter in
order to assist the Debtors' counsel in its evaluation of a
potential accounting malpractice claim. The scope for the
engagement will include a review of potentially relevant audit work
papers in 2011 and 2012 only (i.e., potentially relevant is defined
as those work papers relating to inventory only).

Deloitte FAS will be paid at these hourly rates:

       Principal/Partner/Director     $940
       Senior Manager                 $815
       Manager                        $750

Hourly rates for other personnel will range from $540 to $645. In
the normal course of business, Deloitte FAS revises its hourly
rates to reflect changes in responsibilities, increased experience,
geographic differentials and increased costs of doing business. The
fees and expenses to be incurred for the services set forth in the
Engagement Letter are capped at $15,000.

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

Deloitte FAS provided services to the Debtors prior to the
inception of the Cases.  The Debtors paid approximately $25,000 as
a retainer to Deloitte FAS in the 90 days prior to Oct. 23, 2014
(the "Petition Date"). As of the Petition Date, Deloitte FAS was
not owed any amounts by the Debtors in respect of invoices issued
prior to the Petition Date.  Additionally, no amount of any
retainer was remaining as of such date; however, Deloitte FAS did
recently receive an additional $15,000 retainer after the Petition
Date.

Gary J. Levin, partner of Deloitte FAS, 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.

Deloitte FAS can be reached at:

       Gary J. Levin
       DELOITTE FINANCIAL ADVISORY SERVICES LLP
       111 South Wacker Drive, 24th Floor
       Chicago, IL 60606-4301
       Tel: (312) 486-1000
       Fax: (312) 486-1486

                      About Country Stone

Country Stone Holdings, Inc., and its affiliates are in the
business of manufacturing, processing, and packaging lawn and
garden products such as mulch, soil, fertilizer, plant food,
organics, concrete and decorative stone.  The corporate
headquarters are located in Rock Island, Illinois and Milan,
Illinois.  Country Stone operates 17 plants throughout the United
States, including in Illinois, Iowa, Indiana, Minnesota,
Wisconsin, Missouri, and California.

Country Stone Holdings and its affiliates sought bankruptcy
protection (Bankr. C.D. Ill., Lead Case No. 14-81854) in Peoria,
Illinois, on Oct. 23, 2014, with a deal to sell to Quikrete
Holdings, Inc., for $23 million in cash plus the assumption of
liabilities, subject to higher and better offers.  The bankruptcy
cases are assigned to Judge Thomas L. Perkins.

Country Stone disclosed $45 million in liabilities.

The Debtors have tapped Katten Muchin Rosenman LLP as counsel;
Silverman Consulting to provide the services of Steven Nerger as
CRO and Michael Compton as cash and restructuring manager; and
Epiq Bankruptcy Solutions, LLC as claims, noticing and balloting
agent.

Nancy J. Gargula, U.S. Trustee for the Central District of
Illinois, has appointed five creditors to serve in the official
unsecured creditors committee in the Debtors' cases.

                          *     *     *

In January 2015, the bankruptcy judge approved the sale of Country
Stone's assets to Hyponex Corp. and Techo-Bloc Inc. for a combined
purchase price of at least $29 million.  An auction was held on
Dec. 17 at which Hyponex and Techno-Bloc made the highest bids
beating the so-called stalking horse, Quikrete Holdings Inc.,
which
offered an initial price of $20 million for almost all the assets.


The Debtors, First Midwest Bank and the Official Committee of
Unsecured Creditors entered into a court-approved stipulation
extending until April 24, 2015, the investigation period pursuant
to the Court's final DIP financing order.


CREATIVE CIRCLE: S&P Puts Ratings on Watch Pos. Over Acquisition
----------------------------------------------------------------
Standard & Poor's Ratings Services placed its ratings on Los
Angeles-based Creative Circle LLC on CreditWatch with positive
implications. This includes the 'B' corporate credit rating on the
company, the 'B+' issue-level rating with a recovery rating of '2'
on the company's first-lien term loan and revolving credit
facility, and the 'CCC+' issue-level rating with a recovery rating
of '6' on its second-lien term loan. The '2' recovery rating
indicates S&P's expectation for substantial (70% to 90%; lower half
of the range) recovery in the event of a payment default and the
'6' recovery rating indicates S&P's expectation for negligible (0%
to 10%) recovery in the event of a payment default.

"The rating action follows On Assignment's announcement that it has
signed a definitive agreement to acquire Creative Circle. We
believe the combined company will likely be rated higher than is
Creative Circle on a stand-alone basis," said Standard & Poor's
credit analyst Naveen Sarma.

S&P expects that Creative Circle's debt will be repaid when the
transaction closes in June 2015. S&P will withdraw its ratings on
Creative Circle, including the corporate credit rating and
issue-level ratings at that time.


CURO HEALTH: S&P Affirms 'B' Corp. Credit Rating
------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating on Curo Health Services LLC. The outlook is stable.
"We subsequently withdrew the rating because there is no longer any
debt issued by that entity following the refinancing earlier this
year. All our ratings on Curo Health Services Holdings Inc.,
including the 'B' corporate credit rating, remain unchanged."


DEERFIELD RANCH: Gets Final Nod to Use Rabobank's Cash Collateral
-----------------------------------------------------------------
U.S. Bankruptcy Judge Alan Jaroslovsky approved, on a final basis,
the stipulation authorizing Deerfield Ranch Winery, LLC, to use
cash collateral in which Rabobank N.A, secured lender, asserts an
interest.

Rabobank, Deerfield's primary secured lender asserts that it holds
a duly perfected security interest in substantially all of
Deerfield's assets, including its cash.  Deerfield does not believe
that any other creditor holds an interest in cash collateral.
Deerfield owes $10.9 million to Rabobank on two loans taken out in
late 2008.

                   About Deerfield Ranch Winery

Deerfield Ranch Winery, LLC, is an award-winning winery located in
the heart of the Sonoma Valley, founded in 1982 by Robert and PJ
Rex.  The Deerfield estate is approximately 47 acres, located in
Kenwood, California, and was acquired in 2000.  Annual production
totals approximately 30,000 cases annually, including both
Deerfield brands and the winery's substantial custom-crush
business, which includes 12 small family-owned wineries.  The
winery LLC is owned by 87 members, who have contributed more than
$15 million to the business.

Deerfield Ranch Winery filed a Chapter 11 bankruptcy petition
(Bank. N.D. Cal. Case No. 15-10150) on Feb. 13, 2015.  The Debtor
disclosed $25,197,611 in assets and $12,041,939 in liabilities as
of the Chapter 11 filing.  Scott H. McNutt, Esq., and Shane J.
Moses, Esq., at McNutt Law Group LLP serve as the Debtor's counsel.
Jigsaw Advisors LLC acts as the Debtor's restructuring financial
advisor.  Judge Alan Jaroslovsky is assigned to the case.

The U.S. Trustee for Region 17 appointed three creditors to serve
on the official committee of unsecured creditors.



DIA-DEN LTD: Industrial Complex Files Ch.11 With $8MM in Debt
-------------------------------------------------------------
Dia-Den Ltd., owner of an industrial complex in Tomball, Texas, has
sought bankruptcy protection, disclosing $12 million in assets and
$8.09 million in liabilities in its schedules:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $11,200,000
  B. Personal Property               812,048
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $8,087,238
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                            $9,719
                                 -----------      -----------
        TOTAL                    $12,012,047       $8,096,957

As of the Petition Date, the Debtor has $53,000 of cash on hand.

The Debtor says its industrial facility was appraised at $11.7
million in December 2014.  Thus, secured creditor Wells Fargo Bank
N.A., which is owed $8.09 million, has a substantial equity
cushion.

The Debtor says that at present, it receives monthly rent for the
industrial facility in the amount of $50,000.  According to the
statement of financial affairs, the Debtor received $250,000
received $250,000 in the first five months of 2015; $615,000 in
2014, and $910,000 in 2013.

The Debtor received $2.8 million in April 2014 from the sale of
10.721 acres of real property at 9841 Windmill Park Lane Houston,
Texas.

Limited partners Dennis W. Abrahams and Dianne V. Abrahams each
owns 49.5% of the interests in the Debtor while general partner PJJ
Inc. owns the remaining 1%.

A copy of the Company's schedules of assets and liabilities, and
statement of financial affairs filed together with the petition is
available for free at:

        http://bankrupt.com/misc/txsb15-32626_SAL.pdf

                        About Dia-Den Ltd.

Dia-Den Ltd. is a Texas limited partnership with its principal
place of business in Harris County, Texas.  Dia-Den owns and leases
to single tenant the industrial complex located at 24310 State
Highway 249, Tomball, Texas 77375.

Dia-Den Ltd. sought Chapter 11 bankruptcy protection (Bankr. S.D.
Tex. Case No. 15-32626) in Houston, Texas, on May 8, 2015.  The
case is assigned to Judge Jeff Bohm.

The Debtor tapped Hoover Slovacek, LLP, as counsel.


DIA-DEN LTD: Reorganization Plan Filed, to Pay Creditors in Full
----------------------------------------------------------------
Dia-Den Ltd. filed with the U.S. Bankruptcy Court for the Southern
District of Texas a proposed reorganization plan that promises to
pay creditors in full over a period of time and let the present
owners retain control of the company.

Prior to filing Chapter 11, the Debtor said it pursued alternative
financing and potential sales.  Potential lenders made offers to
refinance the debt but such offers were not acceptable to Wells
Fargo Bank, N.A., the lone secured creditor.

Dia-Den is a limited partnership that owns and leases a single
tenant industrial facility with a total of 154,297 square feet of
gross building area on 37.94 acres of land located at 24310 State
Highway 249, Tomball, Harris County, Texas.

In April 2014, the Debtor sold its Windmill Park facility for $2.8
million.  The proceeds were used to retire two notes held by Wells
Fargo and to pay down Wells Fargo's second lien note.

The Debtor leases the Industrial Facility for $50,000 per month,
which is significantly below market rates.  The lease expires on
March 31, 2018, with a five year renewal option provided that APS
is not in default and provides the Debtor written notice of its
intent at least nine months prior to the expiration date of its
intent to exercise the renewal option.  The renewal rate is the
higher of $65,000 per month or fair market rent.

The Debtor's reorganization plan proposes to treat claims and
interests as follows:

   -- Allowed administrative claims and priority non-tax claims
will be paid in cash in full (UNIMPAIRED);

   -- Allowed ad valorem claims of taxing authorities will be paid
in full in cash when they are due (by the tenant) (UNIMPAIRED);

   -- Wells Fargo will have an allowed secured claim of $8,197,380.
The claim will be paid delivery of secured first lien promissory
note from the Reorganized Debtor for $8,072,237, with interest at
the prime rate plus 1.5%.  The new note will mature in five years
and will have monthly payments of $42,806 (Impaired).

   -- Allowed unsecured claims estimated at $10,000 will be paid in
full without interest in six equal monthly installments, beginning
on Effective Date or the date that such claims become allowed
claims (IMPAIRED); and

   -- The current equity holders will maintain their equity
interest in the Reorganized Debtor.  They will receive no
distributions until a new lease entered into for the Industrial
Facility at the then market rate (but in no event less than $65,000
per month, triple net) (IMPAIRED).

After the explanatory disclosure statement is approved, the Debtor
will solicit acceptances or rejections of the Plan from creditors
whose claims against the Debtor are impaired, as well as the
interest holders.

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

         http://bankrupt.com/misc/Dia-Den_Plan_DS.pdf

                        About Dia-Den Ltd.

Dia-Den Ltd. is a Texas limited partnership with its principal
place of business in Harris County, Texas.  Dia-Den owns and leases
to single tenant the industrial complex located at 24310 State
Highway 249, Tomball, Texas 77375.

Dia-Den Ltd. sought Chapter 11 bankruptcy protection (Bankr. S.D.
Tex. Case No. 15-32626) in Houston, Texas, on May 8, 2015.  The
case is assigned to Judge Jeff Bohm.

The Debtor tapped Hoover Slovacek, LLP, as counsel.

The Debtor disclosed $12 million in assets and $8.09 million in
liabilities in its schedules.


DIA-DEN LTD: Wants to Make Monthly Payments to Wells Fargo
----------------------------------------------------------
Dia-Den Ltd. filed with the U.S. Bankruptcy Court for the Southern
District of Texas an emergency motion to provide Wells Fargo Bank,
N.A., with adequate protection in the form of monthly interest
payments.

As protection for the going concern value of Wells Fargo's
collateral, the Debtor seeks to pay adequate protection payments to
Wells Fargo Bank in the amount of $45,000 per month based upon the
monthly non-default rate of interest totaling $31,056, the balance
of the monthly payment to be applied to principal.

Wells Fargo is the Debtor's lender and has a lien on substantially
all the assets of the Debtor. No other party asserts and in
interest in the Debtor's cash collateral, as that term is defined
in 11 U.S.C. Sec. 363(a).  The indebtedness to Wells Fargo is as
follows:

                                                  Monthly
                  Principal    Non-default       Interest
                   Amount       Interest         Payment at
                   Owed          rate        non-default rate
                  ---------    ----------    ----------------
2007 Bonds/
Tender Drawing    $5,261,428      2.50%            $25,211
Second Lien Note  $2,805,810      5.75%             $5,845

As of the Petition Date, the Debtor had approximately $53,000 of
cash on hand.  The Debtor receives monthly rent for the Industrial
Facility in the amount of $50,000.

The Debtor's industrial facility in Tomball, Texas, and related
equipment was appraised in December 2014 at $11.7 million. Thus,
Wells Fargo has a substantial equity cushion.  The Debtor says it
has the available cash to make the monthly payment to Wells Fargo.

The Debtor does not believe the Industrial Facility is decreasing
in value.  However, adequate protection serves to protect a secured
creditor from diminution in the value of its interest in collateral
during the period it is used by a debtor.

                        About Dia-Den Ltd.

Dia-Den Ltd. is a Texas limited partnership with its principal
place of business in Harris County, Texas.  Dia-Den owns and leases
to single tenant the industrial complex located at 24310 State
Highway 249, Tomball, Texas 77375.

Dia-Den Ltd. sought Chapter 11 bankruptcy protection (Bankr. S.D.
Tex. Case No. 15-32626) in Houston, Texas, on May 8, 2015.  The
case is assigned to Judge Jeff Bohm.

The Debtor tapped Hoover Slovacek, LLP, as counsel.

The Debtor disclosed $12 million in assets and $8.09 million in
liabilities in its schedules.


DORAL FINANCIAL: Has Until May 25 to File Schedules
---------------------------------------------------
The Hon. Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York extended the deadline until May 25,
2015, within which Doral Financial Corporation can file its
schedules of assets and liabilities, and statements of financial
affairs.

                        About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank.  DFC maintains offices
in New York City, Coral Gables, Florida and San Juan, Puerto Rico.

DFC has three wholly-owned subsidiaries: (i) Doral Properties,
Inc., (ii) Doral Insurance Agency, LLC ("Doral Insurance"), and
(iii) Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.  The case is assigned to
Judge Shelley C. Chapman.

DFC estimated $50 million to $100 million in assets and $100
million to $500 million in debt as of the bankruptcy filing.

The Debtor tapped Ropes & Gray LLP as counsel.

The Debtor's Chapter 11 plan and Disclosure Statement are due July
9, 2015.  The initial case conference is set for April 10, 2015.

The U.S. trustee appointed five creditors of the company to serve
on the official committee of unsecured creditors.


DORAL FINANCIAL: Section 341(a) Meeting Adjourned to June 2
-----------------------------------------------------------
The meeting of creditors for Doral Financial Corporation is
adjourned to June 2, 2015, at 2:30 p.m. at 80 Broad St., 4th Floor,
according to a filing with the U.S. Bankruptcy Court for the
Southern District of New York.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.  A
representative of the company is required to appear at the meeting
and answer questions under oath.  The meeting is presided over by
the U.S. trustee, the Justice Department's bankruptcy watchdog.

                        About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank.  DFC maintains offices in
New York City, Coral Gables, Florida and San Juan, Puerto Rico.  

DFC has three wholly-owned subsidiaries: (i) Doral Properties,
Inc., (ii) Doral Insurance Agency, LLC ("Doral Insurance"), and
(iii) Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.  The case is assigned to
Judge Shelley C. Chapman.

DFC estimated $50 million to $100 million in assets and $100
million to $500 million in debt as of the bankruptcy filing.

The Debtor tapped Ropes & Gray LLP as counsel.

The Debtor's Chapter 11 plan and Disclosure Statement are due July
9, 2015.  The initial case conference is set for April 10, 2015.

The U.S. trustee overseeing the Chapter 11 case of Doral Financial
Corp. appointed five creditors of the company to serve on the
official committee of unsecured creditors.


DUNE ENERGY: Panel Selects Conway Mackenzie as Financial Advisor
----------------------------------------------------------------
The Official Committee of Unsecured Creditors for the Chapter 11
bankruptcy cases of Dune Energy Inc. and its debtor-affiliates asks
the U.S. Bankruptcy Court for the Western District of Texas for
permission to retain Conway Mackenzi as its financial advisor
effective as of March 27, 2015.

A hearing is set for May 18, 2015, at 1:30 p.m. (Central Time) in
Courtroom No. 2, 230 Homer J. Thornberry Federal Judicial Builsing,
903 San Jacinto Blvd. in Austin, Texas.

The firm's professionals and their hourly rates:

   Senior Managing Director    $585-$695
   Managing Director           $525-585
   Director                    $450-525
   Senior Associate            $350-$450

Bryan Gaston, managing director of the firm, assures the Court that
the firm is a "disinterested person" within the meaning of Section
101(14) of the Bankruptcy Code.

The firm can be reached at:

   Conway MacKenzie Inc.
   Attn: Bryan Gaston
   1301 McKinney, Suite 2025
   Houston, Texas 77010
   Tel: 713.650.0500
   Email: bgaston@conwaymackenzie.com

A full-text copy of the Committees' request is available for free
at http://is.gd/hbvZXP

                        About Dune Energy

Dune Energy, Inc. (NYSE AMEX: DNE), 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.  In their schedules, Dune Energy
Inc., et al., disclosed $263,337,172 in assets and $107,981,306 in
liabilities.

The U.S. trustee overseeing the Chapter 11 case of Dune Energy
appointed three creditors to serve on the official committee of
unsecured creditors.

                        *   *   *

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.


EDENOR SA: Swings to ARS780 Million Net Loss in 2014
----------------------------------------------------
Edenor SA filed with the Securities and Exchange Commission its
annual report on Form 20-F disclosing a loss of ARS780 million on
ARS3.59 billion of revenue for the year ended Dec. 31, 2014,
compared with profit of ARS772.7 million on ARS3.44 billion of
revenue for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had ARS8.63 billion in total
assets, ARS8.24 billion in total liabilities, and ARS385 million in
total equity.

"In fiscal years 2014, 2012 and 2011, the Company recorded negative
operating and net results, and both its liquidity level and working
capital, even in fiscal year 2013, were severely affected.  This
situation is due mainly to both the continuous increase of its
operating costs that are necessary to maintain the level of the
service, and the delay in obtaining rate increases and/or
recognition of its real higher costs, as stipulated in Section 4 of
the Adjustment Agreement, including the review procedure in the
event of deviations exceeding 5%," the Company states in the
report.

A full-text copy of the Form 20-F is available for free at:

                       http://is.gd/oapXUC

                          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.


ELBIT IMAGING: To Sell Interest in 2 Hotels in Belgium
------------------------------------------------------
Elbit Imaging Ltd. said that its wholly owned indirect subsidiary
entered into a share purchase agreement with Astrid JV Sarl, an
affiliate of Kohlberg Kravis Roberts & Co. L.P., with regard to the
sale of its entire (100%) holdings in its wholly owned subsidiary
which owns and operates the Radisson Blu Hotel and the Park Inn
Hotel, in Antwerp, Belgium.  The closing of the transaction is
scheduled to occur following the satisfaction of certain
conditions.

The transaction reflects an asset value of approximately Euro 48
million for both Hotels subject to working capital and other
adjustments as specified in the agreement.  The total net
consideration payable to the Company's wholly owned subsidiary,
following the repayments of the Target's banks loan, and the
aforementioned adjustments, is approximately Euro 27 million out of
which Euro 1 million will be deposited in escrow to secure the
Seller's indemnification obligations under the Share Purchase
Agreement.

In accordance with the refinancing loan agreement between Bank
Hapoalim B.M and the Company, upon closing of the abovementioned
transaction, the Company will prepay an amount of approximately $5
million on account of the loan.

JLL advised Seller in the transaction.

Ron Hadassi, Chairman of the Board of Directors of the Company,
commented: "Signing this transaction for the sale of our hotels in
Belgium is the most significant sale by the Company since the
completion of debt restructuring in February last year.  This step
is consistent with the Company's strategic plan to dispose of
assets which have reached maturity and have exhausted their
potential, while developing other assets toward their future
sale".

Doron Moshe, acting CEO and CFO of the Company, added: "The sale of
the Company's hotels in Belgium is an important step in the
disposition  of the Company's assets that have reached maturity,
with the aim of preparing for repayment of the Company's debts,
which are scheduled to mature in the upcoming years, and also for
the investment in other assets, which have not reached maturity
yet.  Upon the closing of the transaction, Elbit's estimated cash
flow on a stand alone basis will increase by approximately NIS 90
million and the balance of the Company's loans (consolidated) will
be reduced approximately by NIS 100 million".

                        About Elbit Imaging

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

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

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

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

As of Dec. 31, 2014, the Company had NIS1.04 billion in total
assets, NIS812 million in total liabilities and NIS232 million in
shareholders' equity.


ENCOMPASS DIGITAL: S&P Raises Second Lien Debt Rating to 'B-'
-------------------------------------------------------------
Standard & Poor's Ratings Services raised the issue-level rating on
Atlanta-based media services provider Encompass Digital Media
Inc.'s second-lien term loan to 'B-' from 'CCC+' and revised the
recovery rating to '5' from '6'. The '5' recovery rating indicates
S&P's expectation for modest recovery (10% to 30%; upper end of the
range) in the event of a payment default.

"We revised the recovery rating based on our increased valuation of
the company under our hypothetical default scenario, stemming from
our expectation for moderate revenue growth and margin expansion.
We expect Encompass's revenue to grow in the low- to
mid-single-digit percent area over the next few years, driven by
growth in network origination services. In addition, we expect the
company's adjusted EBITDA margin to remain between 39%-40%, up
modestly from fiscal 2014 due to reductions in labor and fiber
leasing costs," said S&P.

The issue-level rating on the company's first-lien credit
facilities remains 'B+' with a recovery rating of '2'. The '2'
recovery rating indicates S&P's expectation for substantial
recovery (70% to 90%; lower half of the range) in the event of
payment default.

"Our corporate credit rating on Encompass remains unchanged at 'B'
with a stable outlook."

RATINGS LIST

Encompass Digital Media Inc.
Corporate Credit Rating              B/Stable/--
  Senior Secured first lien           B+
   Recovery Rating                    2L

Upgraded; Recovery Rating
                                      To             From
Encompass Digital Media Inc.
Senior Secured second lien           B-             CCC+
  Recovery Rating                     5H             6


ENDEAVOUR INTL: Provides Updated Fin'l Projections to Debtholders
-----------------------------------------------------------------
Endeavour International Corporation, in connection with recent
discussions with certain holders of its debt held in light of the
recent declines in oil and gas prices, provided financial forecasts
and other information to certain debt holders in April 2015. The
Company and these debt holders are parties to nondisclosure
agreements and the disclosure is being made in accordance with the
terms of such nondisclosure agreements.

The presentation includes updated forecasts of U.S. and U.K.
operational cash flows and projects the Company's emergence from
Chapter 11 at the end of October 2015.

Endeavour delivered copies of those projections and other
information to the Securities and Exchange Commission. The
projections were not prepared with a view toward public disclosure
or compliance with the SEC's published guidelines or the guidelines
established by the American Institute of Certified Public
Accountants regarding projections or forecasts. The projections do
not purport to present financial condition in accordance with
accounting principles generally accepted in the United States. The
Company's independent accountants have not examined, compiled or
otherwise applied procedures to the projections and, accordingly,
do not express an opinion or any other form of assurance with
respect to the projections. The projections were prepared for
internal use, capital budgeting and other management decisions and
are subjective in many respects.

The projections, the Company said, reflect numerous assumptions
made by management of the Company with respect to financial
condition, business and industry performance, general economic,
market and financial conditions, and other matters, all of which
are difficult to predict, and many of which are beyond the
Company's control. Accordingly, there can be no assurance that the
assumptions made in preparing the projections will prove accurate.
It is expected that there will be differences between actual and
projected results, and the differences may be material, including
due to the occurrence of unforeseen events occurring subsequent to
the preparation of the projections. The inclusion of the
projections herein should not be regarded as an indication that the
Company or its affiliates or representatives consider the
projections to be a reliable prediction of future events, and the
projections should not be relied upon as such. Neither the Company
nor any of its affiliates or representatives has made or makes any
representation to any person regarding the ultimate performance of
the Company or its subsidiaries compared to the projections, and
none of them undertakes any obligation to publicly update the
projections to reflect circumstances existing after the date when
the projections were made or to reflect the occurrence of future
events, even in the event that any or all of the assumptions
underlying the projections are shown to be in error.

A copy of the presentation is available at http://is.gd/Q9lWkc

                   About Endeavour International

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

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

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

Endeavour Operating Corporation, in its schedules, disclosed
$808,358,297 in assets and $1,242,480,297 in liabilities as of the
Chapter 11 filing.

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

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

                        *     *     *

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

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

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

On April 29, 2015, the Debtor announced that, as a result of recent
declines in oil and gas prices, the Company withdrew the proposed
Plan.


ENERGY FUTURE: Posts $1.52 Billion Net Loss for March 31 Quarter
----------------------------------------------------------------
Energy Future Holdings Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q for the quarterly
period ended March 31, 2015.

Operating revenues for the three months ended March 31, 2015, were
$1,272 million against $1,517 million for the same period in 2014.
The Company posted a net loss of $1,527 million for the three
months ended March 31, 2015, compared to $609 million for the same
period in 2014.

Total assets were $26,548 million at March 31, 2015 against total
liabilities of $47,798 million, the Company said.

A copy of the Form 10-Q Report is available at http://is.gd/BbsZCO

                        About Energy Future

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

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

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

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

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

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

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

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

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


ENERGY FUTURE: Seeks Oct. 29 Extension of Plan Filing Date
----------------------------------------------------------
Energy Future Holdings Corp., et al., filed a third motion asking
the U.S. Bankruptcy Court for the District of Delaware to:

   (a) extend the period during which the Debtors have the
exclusive right to file a Chapter 11 plan to the end of the
statutory period provided by Section 1121 of the Bankruptcy Code,
through and including Oct. 29, 2015; and

   (b) extend the period during which the Debtors have the
exclusive right to solicit acceptances of their plan through and
including Dec. 29, 2015.

According to Jason M. Madron, Esq., at Richards, Layton & Finger,
P.A., in Wilmington, Delaware, the Debtors will use the extension
of the Exclusive Periods to advance the Plan and their other
initiatives to a value-maximizing outcome for these cases.

Mr. Madron states: "The preservation of the Debtors' Exclusive
Periods is critical to capitalize on all the momentum built since
entry of the Second Extension Order.  The Plan has the built-in
flexibility to allow the Debtors to incorporate the outcome of both
the ultimate EFH-EFIH Transaction and the Debtors' negotiations
with their creditors.  The Scheduling Order will provide a
framework for these negotiations, but at the same time will ensure
that, if these negotiations are unsuccessful, these cases will keep
moving forward and parties will have a forum to raise any
objections.  An extension of the Exclusive Periods is integral to
these efforts."

"On the other hand, allowing the Exclusive Periods to lapse at this
time would, among other things, undermine these efforts and the
spirit of the Scheduling Order.  The filing of independent plans by
various factions would distract stakeholders and diminish the
incentive for collaboration.  It would also create uncertainty
around the Debtors' ability to exit from Chapter 11 in a reasonable
timeframe and around the EFH-EFIH Transaction process.  The estates
would suffer as a result," Mr. Madron adds.

                        About Energy Future

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

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

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

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

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

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

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

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

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


EURAMAX INTERNATIONAL: Appoints New North America President
-----------------------------------------------------------
Euramax Holdings, Inc., announced that Scott R. Vansant, president,
North America, has resigned effective May 22, 2015.  Mr. Vansant
has served as president of North America since May 2014.  

Hugh Sawyer, interim president of Euramax Holdings, Inc. and a
professional in Huron Consulting Group's Business Advisory
Practice, commented, "I would like to thank Scott for his years of
dedicated service to Euramax and wish him well in his future
endeavors."

Tyrone Johnson, vice president and general manager of Consumer
Productions, will succeed Mr. Vansant as president, North America,
effective May 23, 2015.

In connection with Mr. Johnson's appointment, Mr. Johnson will
enter into an employment agreement with the Company containing his
new compensation terms.

Mr. Johnson has served as the vice president and general manager of
the Company's Consumer Products business since joining Euramax in
June of 2014.  Prior to his role at Euramax, Mr. Johnson served as
president of the Americas for Amtico International, Inc., a global
flooring manufacturer based in Atlanta, Georgia, from 2008 to 2013.
Before his tenure at Amtico International, Mr. Johnson was with
Armstrong World Industries for six years, where he ultimately
served as VP and general manager of Premium Hardwood Flooring.  Mr.
Johnson began his career with General Electric Capital Corporation
in 1994, where he earned his "Master Black Belt" certification.  He
obtained his MBA from DePaul University and his undergraduate
degree from Howard University.

Mr. Sawyer added, "I am delighted that Ty will assume
responsibility for our North American business.  He has a proven
track record of success, significant management experience in our
industry and has demonstrated superb leadership capabilities during
his time at Euramax.  I believe Ty is uniquely qualified to build
on the momentum of the Company's ongoing operational and market
growth initiatives."

Mr. Sawyer further stated, "Euramax has made extraordinary progress
during the last year in its efforts to establish a world-class
management team in both our North American and International
businesses."

                           About Euramax

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

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

Euramax reported a net loss of $59.3 million in 2014, a net loss of
$24.9 million in 2013 and a net loss of $36.8 million in 2012.
As of Dec. 31, 2014, Euramax International had $537 million in
total assets, $709.9 million in total liabilities and a $173
million total shareholders' deficit.

                         Bankruptcy Warning

"We may not be able to generate sufficient cash to service all of
our indebtedness, including the Notes, or to extend the maturity of
certain of our indebtedness, and may not be able to refinance our
indebtedness on favorable terms.  If we are unable to do so, we may
be forced to take other actions to satisfy our obligations under
our indebtedness, which may not be successful.

"In the event that we are unable to obtain such amendments or
extensions, or complete such refinancing, the Company would need to
explore other alternatives, which could include a potential
restructuring or reorganization under the bankruptcy laws," the
Company said in the report.

                            *     *     *

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

The TCR reported in March 2015 that Standard & Poor's Ratings
Services said to it revised its corporate credit rating rating on
Norcross, Ga.-based Euramax International Inc. to 'CCC' from 'B-'.

"The rating revision reflects our view that Euramax depends on
favorable business, financial, and economic conditions to meet its
financial commitment on its obligations. In the event of adverse
conditions, Euramax's capital structure appears to be unsustainable
in the long term," said Standard & Poor's credit analyst Thomas
O'Toole.


EURAMAX INTERNATIONAL: Stockholders Re-Elect 6 Directors
--------------------------------------------------------
In lieu of an annual meeting, Euramax Holdings, Inc. solicited
written consents from stockholders of the Company for purposes of
re-electing the Company's directors.  In accordance with Delaware
law and the stockholders agreement of the Company, stockholders
holding the applicable majorities of shares re-elected Trey B.
Parker, III, Jake Tomlin, James G. Bradley, Jeffrey A. Brodsky,
Timothy J. Bernlohr, and Michael D. Lundin as directors of the
Company for a term of one year expiring at the 2015 annual meeting
of stockholders.

                           About Euramax

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

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

Euramax reported a net loss of $59.3 million in 2014, a net loss of
$24.9 million in 2013 and a net loss of $36.8 million in 2012.
As of Dec. 31, 2014, Euramax International had $537 million in
total assets, $709.9 million in total liabilities and a $173
million total shareholders' deficit.

                         Bankruptcy Warning

"We may not be able to generate sufficient cash to service all of
our indebtedness, including the Notes, or to extend the maturity of
certain of our indebtedness, and may not be able to refinance our
indebtedness on favorable terms.  If we are unable to do so, we may
be forced to take other actions to satisfy our obligations under
our indebtedness, which may not be successful.

"In the event that we are unable to obtain such amendments or
extensions, or complete such refinancing, the Company would need to
explore other alternatives, which could include a potential
restructuring or reorganization under the bankruptcy laws," the
Company said in the report.

                            *     *     *

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

The TCR reported in March 2015 that Standard & Poor's Ratings
Services said to it revised its corporate credit rating rating on
Norcross, Ga.-based Euramax International Inc. to 'CCC' from 'B-'.

"The rating revision reflects our view that Euramax depends on
favorable business, financial, and economic conditions to meet its
financial commitment on its obligations. In the event of adverse
conditions, Euramax's capital structure appears to be unsustainable
in the long term," said Standard & Poor's credit analyst Thomas
O'Toole.


EVERYWARE GLOBAL: Wants to Hire Pachulski as Co-Counsel
-------------------------------------------------------
Everyware Global Inc. and its debtor-affiliates ask the U.S.
Bankruptcy Court for the District of Delaware for permission to
employ Pachulski Stang Ziehl & Jones LLP as their co-counsel.

A hearing is set for May 20, 2015, at 2:00 p.m. (ET) to consider
the Debtors' request.  Objections to the request was due May 13,
2015.

PSZ&J will:

  a) provide legal advice regarding local rules, practices, and
procedures;

  b) review and comment on drafts of documents to ensure compliance
with local rules, practices, and procedures;

  c) file documents as requested by Kirkland & Ellis LLP and
coordinating with the Debtors' claims agent for service of
documents;

  d) prepare agenda letters, certificates of no objection,
certifications of counsel, and notices of fee applications and
hearings;

  e) prepare hearing binders of documents and pleadings, printing
of
documents and pleadings for hearings.

  f) appear in Court and at any meeting of creditors on behalf of
the Debtors in its capacity as Delaware counsel with Kirkland &
Ellis LLP;

  g) monitor the docket for filings and coordinating with Kirkland
& Ellis
LLP on pending matters that need responses;

  h) prepare and maintain critical dates memorandum to monitor
pending applications, motions, hearing dates and other matters and
the deadlines associated with same; distributing critical dates
memorandum with Kirkland & Ellis LLP for review and any necessary
coordination for pending matters;

  i) handle inquiries and calls from creditors and counsel to
interested parties regarding pending matters and the general status
of these Cases, and, to the extent required, coordinating with
Kirkland & Ellis LLP on any necessary responses; and

  j) provide additional administrative support to Kirkland & Ellis
LLP, as
requested.

The firm's principal attorneys and paralegals presently designated
to represent the Debtors and their current standard hourly rates
are:

     Laura Davis Jones, Esq.     $1,025
     Colin R. Robinson, Esq.     $650
     Peter J. Keane, Esq.        $525
     Karina Yee, Esq.            $305

The Debtors tell the Court that PSZ&J has received payments during
the year prior to the their petition date in the amount of $75,000
including their aggregate filing fees for these cases, in
connection with its prepetition representation.

The Debtors assure the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Laura Davis Jones, Esq.
     Colin R. Robinson, Esq.
     Peter J. Keane, Esq.
     Karina Yee, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     919 North Market Street, 17th Floor
     P.O. Box 8705
     Wilmington, DE 19899-8705
     Tel: (302) 652-4100
     Fax: (302) 652-4400
     Email: ljones@pszjlaw.com
            crobinson@pszjlaw.com
            pkeane@pszjlaw.com

                    About EveryWare Global

Headquartered in Lancaster, Ohio, EveryWare (Nasdaq:EVRY) is a
marketer of tabletop and food preparation products for the consumer
and foodservice markets, with operations in the United States,
Canada, Mexico and Asia.  The company has more than 1,500 personnel
throughout the United States.  Sales and marketing functions are
managed from executive offices in Lancaster, Ohio, with staff
located in Melville, New York, New York City, and Oneida, New
York.

The primary operating subsidiaries, Oneida Ltd. and Anchor Hocking,
LLC, were founded in 1848 and 1873, respectively.  In 2011,
investment funds affiliated with the Monomoy Capital Partners
completed their acquisition of these companies and, in March 2012,
integrated them under the EveryWare brand.  In May 2013, a merger
was completed where EveryWare became a wholly-owned subsidiary of
ROI Acquisition Corp. ("ROI"), a special purpose acquisition
company sponsored by affiliates of the Clinton Group, Inc., and ROI
was renamed EveryWare Global Inc.

As of Sept. 30, 2014, EveryWare reported assets of $238 million and
liabilities of $380 million.

EveryWare Global, Inc., commenced a Chapter 11 bankruptcy case to
implement a prepackaged financial restructuring that converts $248
million of the long-term debt to 96% of the common stock of the
company post-emergence.

EveryWare Global filed its Chapter 11 petition (Bankr. D. Del.) on
April 7, 2015, and 12 affiliated debtors filed petitions on April
8, 2015.  The cases are pending before Judge Laurie Selber
Silverstein, and the debtors are seeking joint administration under
Case No. 15-10743.

The Debtors tapped Kirkland & Ellis LLP, as general bankruptcy
counsel; Pachulski Stang Ziehl & Jones LLP, as local bankruptcy
counsel; Jefferies LLC, as financial advisor; Alvarez & Marsal
North America, LLC, to provide a CRO and Interim VP of Finance; and
Prime Clerk LLC as claims and noticing agent.

                         *     *     *

Judge Silverstein will convene a combined hearing on the adequacy
of EveryWare Global, Inc., et al.'s Disclosure Statement and
confirmation of the joint prepackaged Chapter 11 plan of
reorganization on May 20, 2015, at 2:00 p.m., prevailing Eastern
Time.  Any objections to the Disclosure Statement or confirmation
of the Plan must be filed by May 8 and any replies to the
objections must be filed by May 13.


EXIDE TECHNOLOGIES: Neuberger Reports 23.9% Stake in Newco
----------------------------------------------------------
Neuberger Berman Group LLC, Neuberger Berman Fixed Income Fund LLC,
NB Distressed Debt Master Fund LP and NB Distressed Debt Investment
Fund Ltd disclosed that they may be deemed to beneficially own
2,379,919 shares or roughly 23.90% of the common stock of Exide
Technologies as of April 30.

A copy of Neuberger's Schedule 13G Filing is available at
http://is.gd/ojKLEu

                      About Exide Technologies

Headquartered in Milton, Ga., Exide Technologies (NASDAQ: XIDE)
-- http://www.exide.com/-- manufactures and   distributes lead
acid batteries and other related electrical energy storage
products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002, and exited bankruptcy two years
after.

Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones
LLP represented the Debtors in their successful restructuring.

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

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

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

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

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

Exide said its Plan of Reorganization became effective on April 30,
2015, and that the Company has emerged from Chapter 11 as a newly
reorganized company.  The Bankruptcy Court for the District of
Delaware confirmed the Plan on March 27, 2015.


FAMILY CHRISTIAN: Court OKs Fox Rothschild as Panel's Co-counsel
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Family Christian,
LLC, et al. sought and obtained authorization from the Hon. John T.
Gregg of the U.S. Bankruptcy Court for the Western District of
Michigan to retain Fox Rothschild LLP as co-counsel to the
Committee, nunc pro tunc to Feb. 25, 2015.

The services of Fox Rothschild are necessary to enable the
Committee to execute its fiduciary duties.  Subject to the Court's
approval, the Committee will employ Fox as co-counsel to assist the
Committee in fulfilling the functions described in Bankruptcy Code
section 1103(c).

Fox Rothschild will be paid at these hourly rates:

       Michael G. Menkowitz            $685
       Paul J. Labov                   $525
       Martha B. Chovanes              $525
       Jason C. Manfrey                $315
       Joseph DiStanislao (paralegal)  $315
       Paraprofessionals               $235-$250

The discounted rates to be charged by Fox Rothschild will be teh
lesser of $500 per hour or the professional standard hourly rate.

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

Fox Rothschild 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.

Fox Rothschild can be reached at:

       Michael G. Menkowitz, Esq.
       Fox Rothschild LLP
       2000 Market St., 20th Floor
       Philadelphia, PA  19103-3222
       Tel: (215) 299-2000
       Fax: (215) 299-2150

                      About Family Christian

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

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

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

The U.S. Trustee for Region 9 appointed seven creditors of Family
Christian LLC to serve on the official committee of unsecured
creditors.


FAMILY CHRISTIAN: Court OKs O'Keefe & Associates as Panel Advisor
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Family Christian,
LLC, et al. sought and obtained authorization from the Hon. John T.
Gregg of the U.S. Bankruptcy Court for the Western District of
Michigan to retain O'Keefe & Associates Consulting, LLC as
financial advisor for the Committee, nunc pro tunc to Feb. 25,
2015.

The Committee requires O'Keefe & Associates to assist in assessing
the Debtors' prospects for reorganization, the Debtors' pending
sale motion and the Debtors' various alternative sale or financing
options, analysis of the various budgets presented in connection
with debtor-in-possession financing and use of cash collateral,
assistance in evaluating the Debtors' motions throughout the
proceedings from a financial and business perspective.

O'Keefe & Associates will be paid at these hourly rates:

       Dave Distel             $350
       Michael Deighan         $300
       Andrew Malec            $325
       Tyler Mayoras           $325
       Stephen Weber           $275
       Partner                 $350
       Managing Director       $325
       Director                $275
       Senior Consultant       $220
       Paraprofessional        $100

O'Keefe & Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

O'Keefe & Associates 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.

O'Keefe & Associates can be reached at:

       O'KEEFE & ASSOCIATES CONSULTING, LLC
       146 Monroe Center NW, Suite 1226
       Grand Rapids, MI 49503
       Tel: (616) 233-8080
       Fax: (616) 233-8083

                      About Family Christian

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

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

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

The U.S. Trustee for Region 9 appointed seven creditors of Family
Christian LLC to serve on the official committee of unsecured
creditors.


FCC HOLDINGS: Amended Joint Plan Declared Effective May 6
---------------------------------------------------------
FCC Holdings Inc. and its debtor-affiliates notified the U.S.
Bankruptcy Court for the District of Delaware that their first
amended joint Chapter 11 plan of orderly liquidation became
effective as of May 6, 2015.

As reported by the Troubled Company Reporter on March 20, 2015,
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware on March 18, 2015, confirmed the first
amended
joint plan of orderly liquidation of FCC Holdings, Inc., and its
debtor affiliates after determining that the plan satisfies the
confirmation requirements under Section 1129 of the Bankruptcy
Code.

The Plan embodies a settlement agreement by and between the
Debtors, Bank of Montreal, as agent on behalf of the Lenders, IEC
Corporation, which purchased some of the Debtors' assets, and the
Official Committee of Unsecured Creditors over the resolution of
the cases.  In particular, the Debtors, the Agent on behalf of the
Lenders, IEC and the Committee have agreed to the releases of
claims and other liabilities set forth in the Plan and in the
Final
Cash Collateral Order.  Further, the Debtors, the Agent on behalf
of the Lenders, IEC and the Committee have agreed that (i) IEC
will
fund $100,000 to a liquidating trust, and (ii) IEC will acquire
any
and all potential preference actions against non-insiders under
Section 544 and 547 of the Bankruptcy Code, and will covenant not
to pursue those actions.

                       About FCC Holdings

FCC Holdings, Inc., and its affiliates sought Chapter 11
protection
(Bankr. D. Del. Lead Case No. 14-11987) on Aug. 25, 2014.

Headquartered in Ft. Lauderdale, Florida, FCC and its affiliates
provide quality postsecondary education in fourteen states.  The
FCC schools were started by David Knobel in 1994 in Fort
Lauderdale, Florida, and, as of the bankruptcy filing, are owned
by
Greenhill Capital Partners.

Prior to the Petition Date, the Company, which currently operates
under the name "Anthem Education," had three sets of schools --
the
14 Florida Career College schools; the 22 Anthem Education
schools;
and the 5 US Colleges schools.

The Debtors' outstanding secured obligations are $49 million, plus
interest and fees, comprised of: Tranche A Loans of $18.6 million,
Tranche B Loans of $29.1 million, and existing letters of credit
of
$1.39 million.  The Debtors also have unsecured debt of $15
million.

Judge Christopher S. Sontchi is assigned to the Chapter 11 cases.

The Debtors have tapped Dennis A. Meloro, Esq., at Greenberg
Traurig, LLP, as counsel, and KCC as claims and notice agent.

The U.S. Trustee has appointed three members to the Official
Committee of Unsecured Creditors.  Womble Carlyle Sandridge &
Rice,
LLP, and Ottenbourgh P.C., serve as its co-counsel.


G&W FOODS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: G&W Foods, L.L.C.
        915 Eagle Ridge Drive
        Schererville, IN 46375

Case No.: 15-21520

Chapter 11 Petition Date: May 13, 2015

Court: United States Bankruptcy Court
       Northern District of Indiana (Hammond Division)

Judge: Hon. Philip Klingeberger

Debtor's Counsel: Catherine Molnar-Boncela, Esq.
                  GORDON E. GOUVEIA & ASSOCIATES
                  433 West 84th Drive
                  Merrillville, IN 46410
                  Tel: (219) 736-6020
                  Email: geglaw@gouveia.comcastbiz.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Phyllis J. Gibson, member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/innb15-21520.pdf


GENERAL CABLE: S&P Cuts CCR to 'B+' on Lower Metal Prices
---------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on General Cable Corp. to 'B+' from 'BB-'. The
outlook is negative.

S&P said, "At the same time, we lowered our rating on the company's
senior unsecured notes to 'B' from 'B+'. The recovery rating on the
notes is unchanged at '5', indicating our expectation for modest
(higher end of the 10% to 30% range) recovery in the event of
payment default. We also lowered our rating on the company's
subordinated debt to 'B-' from 'B'. The recovery rating is
unchanged at '6', indicating our expectation for negligible (0% to
10%) recovery in the event of payment default."

"The negative rating outlook reflects the possibility of a
downgrade in the next 12 months if operating performance is worse
than we expect, such that adjusted debt leverage remains above 5x
on a sustained basis," said Standard & Poor's credit analyst
Patricia Mendonca. "This could result from a notable decline in
metal prices and lower volumes due to weaker activity in the
sectors the company participates in. Downside rating risk could
increase if the cost restructuring program does not yield
anticipated incremental benefits."

SP said, "We could lower the ratings if adjusted debt to EBITDA is
sustained above 5x through the end of 2015, which we would view to
be indicative of a "highly leveraged" financial risk profile. We
could also lower the rating if EBITDA interest coverage falls to
notably less than 2x and the adjusted fixed charge covenant cushion
is below 15%, or if we determine liquidity to be "less than
adequate," which could occur if General Cable experiences weakening
operating performance.

"A positive rating action seems less likely in the next 12 months,
given our expectation of declining volumes and metal prices in
2015. However, one could occur if the company were able to reduce
debt leverage to less than 5x and increase FFO to debt to more than
12% on a sustained basis. We could also change the outlook to
stable if the company is able to maintain an EBITDA interest
coverage ratio above 2x on a sustained basis."


GERALD CHAMPION: S&P Raises Rating on $72MM 2012A Bonds to 'BB-'
----------------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term rating to
'BB-' from 'B+' on New Mexico Hospital Equipment Loan Council's $72
million series 2012A bonds, issued for Gerald Champion Regional
Medical Center (GCRMC). The outlook is positive.

The upgrade reflects both application of the "U.S. Not-For-Profit
Acute-CareStand-Alone Hospital criteria" published on Dec. 15,
2014, and improved financial performance. "The positive outlook
reflects the possibility of a further upgrade with an audited track
record of improved earnings, especially as unrestricted reserves
are improving commensurately, which provides cushion
to the rating," said Standard & Poor's credit analyst Cynthia
Keller. GCRMC emerged from bankruptcy on Sept. 19, 2012, and will
make its final payment into the $7.5 million claimant fund this
summer. Management believes there is limited remaining liability
from the issues associated with the bankruptcy.

S&P said, "We assessed GCRMC's enterprise profile as vulnerable due
to limited economic service area fundamentals, which increase
operating risk and service area outmigration offset by limited
service area competition, strong volume trends, and contractual
relationship to provide inpatient health care to a large nearby
military base. We assessed GCRMC's financial profile as vulnerable
due to recently high operating losses and light unrestricted
reserves compared with debt, although we believe this assessment
will improve over time. Also contributing to the rating decision is
GCRMC's limited revenue base. In our view, the 'BB-' rating on the
hospital's bonds better reflects the hospital's strongly positive
year to date earnings trend and improved balance sheet cushion.

"The positive outlook reflects our view of GCRMC's improving
financial performance, with a higher rating precluded now by lack
of positive audited performance and still thin reserves relative to
debt.

"We believe that an upgrade is possible during the year covered by
our outlook period, particularly if GCRMC continues its current
financial trends in audited 2015 and into 2016 sufficient to
generate about 3x debt service coverage and maintain over 100 days'
cash on hand. While GCRMC has some capital needs, we do not believe
the hospital has room for much additional debt at a higher rating
level. However, with continued strong cash flow, capital spending
-- which has been depressed over the past several years, could rise
and still meet targets for an upgrade.

"We could consider a negative rating action or outlook if operating
losses return or if the balance sheet deteriorates either from
significant capital spending or additional debt. Furthermore, any
unanticipated legal action stemming from the prior bankruptcy
related issues could pressure the rating."

GCRMC operates a 70-licensed-bed, acute-care hospital, a 12-bed
inpatient rehabilitation unit, and a 17-bed inpatient psychiatric
unit in Alamogordo, N.M.


GLOBAL COMPUTER: Court Okays Hiring of Devil's Advocate as Counsel
------------------------------------------------------------------
Global Computer Enterprises, Inc. sought and obtained permission
from the U.S. Bankruptcy Court for the Eastern District of Virginia
to employ Devil's Advocate, LLC dba TLF Consulting as litigation
consultant, effective as of March 19, 2015.

The Debtor requires Devil's Advocate to assist with the analysis
and prosecution of objections to claims, including but not limited
to, the claim filed by Steese, Evans & Frankel, P.C. and other
claims, which consulting services may include expert testimony (not
legal advice or representation).

Devil's Advocate will be paid at these hourly rates:

       John Toothman       $465
       Jane Morrison       $380

Devil's Advocate will also be reimbursed for reasonable
out-of-pocket expenses incurred.

John Toothman, president of Devil's Advocate, 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.

Devil's Advocate can be reached at:

       John Toothman, Esq.
       THE DEVIL'S ADVOCATE
       P.O. Box 8
       Great Falls, VA 22066
       Tel: (703) 684-6996
       Fax: (202) 499-7011
       E-mail: jtoothman@devilsadvocate.com

                     About Global Computer

Global Computer Enterprises, Inc., dba GCE, is a cloud-based
"software as a service" provider, commonly referred to as a
"SAAS," offering financial management solutions primarily to
executive departments of the federal government and independent
federal government agencies.  GCE sought protection under Chapter
11 of the Bankruptcy Code (Case No. 14-13290, Bankr. E.D. Va.) on
Sept. 4, 2014.  The case is assigned to Judge Robert G. Mayer.

The Debtor's counsel is David I. Swan, Esq., at McGuirewoods LLP,
in McLean, Virginia.  The Debtor's financial advisor is Weinsweig
Advisors.  The petition was signed by Mike Freeman, interim chief
operating officer.

Judge Mayer designated Mike Freeman to perform duties imposed upon
GCE by the Bankruptcy Code.

The U.S. Trustee for Region 4 appointed three creditors of Global
Computer Enterprises, Inc. to serve on the official committee of
unsecured creditors.  The Committee tapped Armstrong Teasdale LLP,
as its counsel and Leach Travell Britt PC as its local bankruptcy
counsel.


GREAT PLAINS: Parties Object to Bid to Hire Auctioneer
------------------------------------------------------
Several objections were filed against the motion of Guy C. Fustine,
Chapter 11 trustee for Great Plains Exploration, LLC, et al., to
employ an auctioneer, and sell personal property free and divested
of liens at public auction.

By the motion, the trustee sought authorization to sell at public
auction certain equipment and vehicles owned by Great Plains and OZ
Gas and to employ Cincinnati Industrial Auctioneers, Inc., to act
as auctioneer at the sale.

Richard M. Osborne, individually and as trustee of a revocable
trust, Osair, Inc., and Mentor Equipment Rental LLC, filed an
objection, stating that that the terms of the employment of the
auctioneer and the proposed sale are also contrary to law.

Mr. Osborne, as the principal of the Debtor, Osair and Mentor, and
as the trustee of a revocable trust which controls many of his
assets, noted that the sale prohibits credit bidding in
contravention of Section 363(k) of the Bankruptcy Code.

According to Mr. Osborne, the sale provides for the imposition of
sale costs on unwilling sellers, contrary to law.  Non-consenting,
objecting lienholders clearly cannot be charged with general
expenses of administration, and at best can only be charged with
those expenses that directly benefit the lienholder.  The proposed
auction agreement also provides for payment of 5% commission if any
assets are withdrawn prior to sale.  Given the disputed claims to
the list of assets to be sold, this could result in the estate
paying substantial commissions for no corresponding benefit.

Mr. Osborne and Osair, as opposed to the Debtor, are the owners of
substantial items of equipment sought to be sold by the trustee.
Mentor is the assignee of Wells Fargo Equipment Finance's interests
in certain of the property sought to be sold, and the current lien
holder thereon.  Osair is also the Debtor's landlord for the
Mentor, Ohio and Montana locations from which the Trustee proposes
to conduct auctions.  Mr. Osborne is the landlord for the proposed
Tidioute auction location.

Citizens Bank, N.A. (formerly known as RBS Citizens, N.A. doing
business as Charter One's; and Citizens Asset Finance, Inc.'s fka
RBS Asset Finance Inc., reserve all of their respective rights in
the collateral and equipment, including the right to seek adequate
protection of their respective interests.

Further, because Citizens and CAF have not been advised by the
trustee of the amounts being requested in connection with costs of
sale and preservation of the equipment, Citizens and CAF reserve
their respective rights with regard to amounts that may be
requested in the subsequent motion to be filed by the trustee in
connection with distribution of the proceeds.

Citizens claim are secured by first priority liens i substantially
all of the Debtors' assets, including equipment.

Great Plains also objected to the auctioneer receiving any
compensation from the Debtor or the Debtor's estate that is not
generated from proceeds from the sale of assets of the Debtor or
the Debtor's estate.  The trustee has included non-debtor assets to
be sold at the auction.

                         Proposed Auction

The trustee, in his application stated that subject to Bankruptcy
Court approval, the trustee has entered into a Standard Form
Auction Contract for CIA to sell at public auction the assets of Oz
Gas and Great Plains Exploration.

The auction contract provides that the auction will be held within
45 days after court approval of the auctioneer.  From the proceeds
of sale, the auctioneer will be reimbursed for (a) the amount of
the guaranty and (b) the auctioneer's actual expenses, in an amount
not to exceed $50,000.  After reimbursement of the guaranteed
proceeds and payment of the expenses, the trustee and auctioneer
will share the excess, if any, with 90% percent of the proceeds
being paid to the trustee and 10% percent of the proceeds being
paid to the Auctioneer up to $1,800,000.  Proceeds received in
excess of $1,800,000 will be paid 100% percent to the trustee.

As reported in the Troubled Company Reporter on April 2, 2015, the
auctioneer will sell at public auction the Debtor's personal
property located in Tidioute, Pennsylvania; Mentor, Ohio; and
Winifred, Montana.  Personal property includes equipment and
vehicles owned by the Debtor.  The Trustee has determined that
certain pieces of equipment and certain vehicles are no longer
necessary for the operation of the business on a going-forward
basis.

The assets are divided into three groups based upon their current
location: one group of assets is located in Tidioute, Pennsylvania;
one group of assets is located in Mentor, Ohio; and, one group of
assets is located in Winifred, Montana.  The Assets are owned by
the Debtor or by the Debtor's affiliate, Oz Gas, Ltd.

The auction contract includes, among other things:

   -- a price guaranty in the amount of $1,550,000;

   -- a 10% percent buyer's premium to compensate the auctioneer
for its services; and

   -- the buyer's premium for webcast auction buyers is 13%.

Mr. Osborne is represented by:

         Daniel P. Foster, Esq.
         Ronald E. Cook, Esq.
         Foster Law Offices LLC
         P.O. Box 966
         Meadville, PA 16335
         Tel: (814) 724-1165
         E-mails: dan@mrdebtbuster.com
                  ronald@mrdebtbuster.com

         Richard A. Baumgart, Esq.
         DETTELBACH, SICHERMAN & BAUMGART LPA
         1801 E. 9th St., Suite 1100
         Cleveland, OH 44114-3169
         Tel: (216) 696-6000
         Fax: (216) 696-3338
         E-mail: rbaumgart@dsb-law.com

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

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

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

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

Judge Thomas P. Agresti oversees the Chapter 11 cases.  Robert S.
Bernstein, Esq., at Bernstein Law Firm P.C., serves as counsel to
the Debtors.  Each of Great Plains and Oz Gas estimated $10
million to $50 million in assets and debts.  John D. Oil's balance
sheet at Dec. 31, 2011, showed $6.98 million in total assets,
$13.26 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.



GULF PACKAGING: Has Until May 29 to File Schedules
--------------------------------------------------
Judge Pamela S. Hollis of the U.S. Bankruptcy Court for the
Northern District of Illinois, Eastern Division, extended the
deadline by which Gulf Packaging, Inc., must file its schedules of
assets and liabilities and statements of financial affairs through
and including May 29, 2015.

The Debtor has more than 900 vendors, as well as other anticipated
parties-in-interest.  Although the Debtor has been working
diligently to prepare the necessary motions and pleadings for the
Chapter 11 filing, the Debtor will preoccupied with transitioning
into Chapter 11 and otherwise stabilizing the business within the
next two weeks.  Completing the schedules and statement of
financial affairs will require the compilation of a large amount
of
information from the Debtor's books, records and documents.

                       About Gulf Packaging

Formed as a Texas corporation in February 2012, Gulf Packaging
Inc.
is a national distributor of packaging equipment and supplies,
which sells its product by and through several independent
entities.  GPI is a private company, with its equity held in equal
parts by the Fleck Family Partnership, LLC and CWJ Eagle, LLC
(which is affiliated with the Cutshall family).

Gulf Packaging sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 15-15249) on April 29, 2015.  The case is assigned to Judge
Pamela S. Hollis.

The Debtor tapped FrankGecker LLP as counsel; BMC Group Inc. as
claims and noticing agent; and the firm of Gavin/Solmonese to
provide Edward T. Gavin as Chief Restructuring Officer.


GULF PACKAGING: Seeks Authority to Use FCC Cash Collateral
----------------------------------------------------------
Gulf Packaging, Inc., seeks permission from the U.S. Bankruptcy
Court for the Northern District of Illinois, Eastern Division, to
use the cash collateral securing its prepetition indebtedness from
FCC, LLC, d/b/a First Capital.

As of the Petition Date, approximately $9 million is owing to FCC
under a prepetition facility, and GPI has approximately 900
unsecured trade vendors owed approximately $17 million in the
aggregate.  As of the Petition Date, GPI had accounts receivable in
the amount of approximately $8.55 million and inventory with a
booked value of $7.6 million.

The cash collateral may be used for working capital, ordinary
business expenses, and to pay the costs of administration of the
case.

The Debtor proposes the following adequate protection for FCC: (1)
validation of the scope, extent and priority of FCC's prepetition
liens; (2) replacement liens on substantially all of the Debtor's
assets to the extent of any diminution in the value of the
prepetition collateral; and (3) superpriority administrative claims
pursuant to Section 507(b) of the Bankruptcy Code.

                       About Gulf Packaging

Formed as a Texas corporation in February 2012, Gulf Packaging
Inc.
is a national distributor of packaging equipment and supplies,
which sells its product by and through several independent
entities.  GPI is a private company, with its equity held in equal
parts by the Fleck Family Partnership, LLC and CWJ Eagle, LLC
(which is affiliated with the Cutshall family).

Gulf Packaging sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 15-15249) on April 29, 2015.  The case is assigned to Judge
Pamela S. Hollis.

The Debtor tapped FrankGecker LLP as counsel; BMC Group Inc. as
claims and noticing agent; and the firm of Gavin/Solmonese to
provide Edward T. Gavin as Chief Restructuring Officer.


HIGH RIDGE MANAGEMENT: 341 Meeting Adjourned to May 21
------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of High Ridge
Management Corp. adjourned the meeting of creditors to May 21,
2015, at 1:30 p.m.

The meeting will take place at Room 1021, 51 S.W. First Avenue, in
Miami, Florida.

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

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

                         About High Ridge

High Ridge Management Corp., Hollywood Pavilion and Hollywood Hills
Rehabilitation Center LLC, sought Chapter 11 protection (Banrk.
S.D. Fla. Lead Case No. 15-16388) in Fort Lauderdale, Florida, on
April 8, 2015.  Judge John K Olson presides over the jointly
administered cases.

High Ridge estimated $10 million to $50 million in assets and
debt.

High Ridge owns real property located at 1200 North 35th Avenue and
1201 North 37th Avenue, Hollywood, Florida, and is the landlord of
Pavilion and Hollywood Hills.  Before executing a management
agreement with Larkin Community Hospital, Pavilion was operating a
50-bed Florida-licensed mental health hospital on the real
property.  Before the appointment of a receiver, Hollywood Hills
operated a 152-bed Florida-licensed nursing home on the real
property.

High Ridge is the 100 percent owner of the membership interests in
Hollywood Hills and Pavilion.  Prior to Jan. 14, 2014, when a
receiver was appointed, High Ridge managed the operations for
Pavilion and Hollywood Hills.

Timothy R Bow, Esq., and Grace E. Robson, Esq., at Markowitz Ringel
Trusty + Hartog, P.A., in Fort Lauderdale, Florida, serve as the
Debtors' counsel.


HIGH RIDGE MANAGEMENT: U.S. Trustee Forms Creditors Committee
-------------------------------------------------------------
The U.S. Trustee for Region 21 appointed three creditors to serve
on the committee of creditors holding unsecured claims in the
Chapter 11 case of Hollywood Hills Rehabilitation Center LLC only.


Hollywood Hills is an affiliate of High Ridge Management Corp.,
which filed for bankruptcy protection in U.S. Bankruptcy Court for
the Southern District of Florida.

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 High Ridge

High Ridge Management Corp., Hollywood Pavilion and Hollywood Hills
Rehabilitation Center LLC, sought Chapter 11 protection (Banrk.
S.D. Fla. Lead Case No. 15-16388) in Fort Lauderdale, Florida, on
April 8, 2015.  Judge John K Olson presides over the jointly
administered cases.

High Ridge estimated $10 million to $50 million in assets and
debt.

High Ridge owns real property located at 1200 North 35th Avenue and
1201 North 37th Avenue, Hollywood, Florida, and is the landlord of
Pavilion and Hollywood Hills.  Before executing a management
agreement with Larkin Community Hospital, Pavilion was operating a
50-bed Florida-licensed mental health hospital on the real
property.  Before the appointment of a receiver, Hollywood Hills
operated a 152-bed Florida-licensed nursing home on the real
property.

High Ridge is the 100 percent owner of the membership interests in
Hollywood Hills and Pavilion.  Prior to Jan. 14, 2014, when a
receiver was appointed, High Ridge managed the operations for
Pavilion and Hollywood Hills.

Timothy R Bow, Esq., and Grace E. Robson, Esq., at Markowitz Ringel
Trusty + Hartog, P.A., in Fort Lauderdale, Florida, serve as the
Debtors' counsel.


INSITE VISION: Posts $828,000 Net Loss in First Quarter
-------------------------------------------------------
Insite Vision Incorporated filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $828,000 on $3.37 million of total revenues for the three months
ended March 31, 2015, compared to a net loss of $4.67 million on
$1.15 million of total revenues for the same period in 2014.

As of March 31, 2015, the Company had $4.09 million in total
assets, $12.23 million in total liabiities and a $8.13 million
total stockholders' deficit.

"In the first quarter of 2015, we finalized our New Drug
Application for submission to the FDA for the marketing approval of
BromSite, and entered into a licensing agreement with Nicox, S.A.
for the development and commercialization of several of our
products in Europe, the Middle East and Africa.  At the same time,
we have been carefully managing the company's resources as we plan
for future product development and strategic opportunities to
leverage our assets," said Timothy Ruane, InSite's chief executive
officer.

"We face significant challenges related to our lack of financial
resources.  We expect that our cash and cash equivalents balance,
anticipated cash flows from operations and the net proceeds from
existing debt financing arrangements will only be adequate to fund
our operations until approximately July 2015.  Our independent
auditors included an explanatory paragraph in their audit report
related to our consolidated financial statements for the year ended
December 31, 2014, which are included in our Annual Report on Form
10-K for the year ended December 31, 2014, referring to our
recurring losses from operations, available cash and cash
equivalent balances and accumulated deficit and a substantial doubt
about our ability to continue as a going concern," the Company
states in the report.

As of March 31, 2015, InSite had cash and cash equivalents of $1.1
million.  Total cash usage in the first quarter of 2015 was $0.6
million.  InSite expects that the cash and cash equivalents
balance, anticipated cash flows from operations and existing
borrowings under our debt agreements will only be adequate to fund
operations into July 2015.  Additional funding is being sought
through strategic transactions, collaborative or other partnering
arrangements, equity financing, and from other sources.

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

                        http://is.gd/peHG4L

                           InSite Vision

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

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

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


KARMALOOP INC: Files Schedules of Assets and Liabilities
--------------------------------------------------------
Karmaloop Inc. filed with the U.S. Bankruptcy Court for the
District of Delaware its schedules of assets and liabilities, and
statements of financial affairs, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property            $5,521,055
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $55,338,222
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $486,062
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $43,694,625
                                 -----------      -----------
        TOTAL                     $5,521,055      $99,518,910

A copy of the Amended Schedules is available for free at
http://is.gd/EdlFEZ

                         About Karmaloop Inc.

Karmaloop, Inc., founded in 1999 by Gregory Selkoe, is a
cross-platform digital commerce and media property company that
specializes in the sale of global streetwear fashion and culture.
Karmaloop specializes in the sale of over 400 brands of apparel,
shoes and accessories via an e-commerce business model, primarily
using the Web site http://wwww.karmaloop.com/ The company has
nearly 5 million monthly unique visitors, 2.2 million Facebook
followers and 800,000 Twitter followers.

On March 23, 2015, Karmaloop, Inc. and KarmaloopTV, Inc. filed
voluntary Chapter 11 bankruptcy petitions in the United States
Bankruptcy Court for the District of Delaware (Lead Case No.
15-10635.  The cases are assigned to Judge Kevin J. Carey.

The Debtors tapped Burns & Levinson LLP and Womble Carlyle
Sandridge & Rice, LLP as attorneys; CRS Capstone Partners LLC as
financial advisor and Capstone's Brian L. Davies, Jr., as
restructuring officer; and Omni Management Group, LLC as claims and
noticing agent.

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


KARMALOOP INC: Gets Final OK to Use Comvest's Cash Collateral
-------------------------------------------------------------
Karmaloop Inc. won approval from the bankruptcy court to use  cash
collateral in which Comvest Capital I, LP, as agent to the lenders
party to the credit agreement, and Comvest Capital II, L.P., in its
capacity a agent to the lenders party to the Postpetition lenders,
assert an interest.

As of the filing date, the Debtors are each liable for the payment
and performance of the prepetition debt in the principal amount of
$27,866,658 exclusive of accrued interest and fees, cost and other
charges.

As adequate protection from any diminution in value of the lenders'
collateral, the Debtor will grant replacement lien and
superpriority administrative expense claim status, subject to carve
out on certain expenses.

The financing is subject to the Debtors' compliance of the sale
covenants which, among other things provide for:

   1. the April 15 bidding procedures approval;

   2. May 26, auction of assets;

   3. May 29 approval of the sale; and

   4. June 3 sale closing.

                     About Karmaloop Inc.

Karmaloop, Inc., founded in 1999 by Gregory Selkoe, is a
cross-platform digital commerce and media property company that
specializes in the sale of global streetwear fashion and culture.
Karmaloop specializes in the sale of over 400 brands of apparel,
shoes and accessories via an e-commerce business model, primarily
using the Web site http://wwww.karmaloop.com/ The company has   
nearly 5 million monthly unique visitors, 2.2 million Facebook
followers and 800,000 Twitter followers.

On March 23, 2015, Karmaloop, Inc. and KarmaloopTV, Inc. filed
voluntary Chapter 11 bankruptcy petitions in the United States
Bankruptcy Court for the District of Delaware (Lead Case No.
15-10635).  The cases are assigned to Judge Kevin J. Carey.

The Debtors tapped Burns & Levinson LLP and Womble Carlyle
Sandridge & Rice, LLP as attorneys; CRS Capstone Partners LLC as
financial advisor and Capstone's Brian L. Davies, Jr., as
restructuring officer; and Omni Management Group, LLC as claims and
noticing agent.



KARMALOOPTV INC: Files Schedules of Assets and Liabilities
----------------------------------------------------------
KarmaloopTV Inc. filed with the U.S. Bankruptcy Court for the
District of Delaware its schedules of assets and liabilities, and
statements of financial affairs, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $40,370,555
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                                $0
                                 -----------      -----------
        TOTAL                             $0      $40,370,555

A copy of the Amended Schedules is available for free at
http://is.gd/ff5EZD

                         About Karmaloop Inc.

Karmaloop, Inc., founded in 1999 by Gregory Selkoe, is a
cross-platform digital commerce and media property company that
specializes in the sale of global streetwear fashion and culture.
Karmaloop specializes in the sale of over 400 brands of apparel,
shoes and accessories via an e-commerce business model, primarily
using the Web site http://wwww.karmaloop.com/ The company has
nearly 5 million monthly unique visitors, 2.2 million Facebook
followers and 800,000 Twitter followers.

On March 23, 2015, Karmaloop, Inc. and KarmaloopTV, Inc. filed
voluntary Chapter 11 bankruptcy petitions in the United States
Bankruptcy Court for the District of Delaware (Lead Case No.
15-10635.  The cases are assigned to Judge Kevin J. Carey.

The Debtors tapped Burns & Levinson LLP and Womble Carlyle
Sandridge & Rice, LLP as attorneys; CRS Capstone Partners LLC as
financial advisor and Capstone's Brian L. Davies, Jr., as
restructuring officer; and Omni Management Group, LLC as claims and
noticing agent.

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


KU6 MEDIA: Shanda Media Now a 70% Owner
---------------------------------------
Ku6 Media Co., Ltd., announced that on May 11, 2015, the
controlling shareholder of the Company, Mr. Xudong Xu, has signed
and consummated a share purchase agreement with Shanda Media Group
Limited, to sell 1,938,360,784 ordinary shares of the Company
(amounting to approximately 40.7% of the Company's issued and
outstanding share capital) to Shanda Media.  Subsequent to the
consummation of the Transaction, Shanda Media holds 3,334,694,602
ordinary shares representing 70.0% of the Company's outstanding
shares and becomes the controlling shareholder of the Company.

As of May 11, 2015, Mr. Xu no longer owns ordinary shares of the
Company.

The aggregate consideration for the Sale Shares is the cancellation
of the Promissory Note issued by Mr. Xu to Shanda Media in the
amount of US$47,350,831 and the discharge of the pledge over all
the ordinary shares beneficially owned by Mr. Xu in favor of Shanda
Media pursuant to a share charge dated April 3, 2014.

In connection with the closing of the Transaction, the Company also
announced the resignation of Mr. Xu and Mr. Jiangtao Li as
directors of the board and all board committee positions which they
held.  Mr. Feng Gao and Mr. Jason Ma were appointed as directors of
the board and Mr. Gao was also appointed as the chairman of the
board of directors as well as chairman of the compensation and
leadership development committee and the corporate development and
finance committee, effective as of today.  Mr. Gao was also
appointed as chief executive officer of the Company and Mr. Ma
appointed as acting chief financial officer of the Company, with
all those appointments effective as of May 11, 2015.

Mr. Gao has served as the Company's president since December 2014.
He has served as the Company's senior vice president of strategic
cooperation and the senior vice president of business development
since September 2011.  From 2005 to 2011, Mr. Gao served as
industry cooperation director in Shanda Online and Shanda Computer,
assistant president in Hurray!Holding and chief executive officer
in Sun Shine after he joined Shanda Group in 2005.  Prior to that,
Mr. Gao served in Novell as China pre-sale engineer, China product
marketing manager, China channel marketing manager and partner
manager of the Asia Pacific region.  Prior to that, Mr. Gao was an
engineer in the Chinese Academy of Sciences. Mr. Gao received a
bachelor's degree of computer science from Beijing Computer
College.

Mr. Ma has served as director of internal audit of Shanda
Interactive Entertainment Limited since 2007.  Prior to that, Mr.
Ma served as internal control in APP CHINA, Sinar Mas Group from
2006 to 2007 and finance director of Shanghai Jiahai Investment
from 2002 to 2006.  Mr. Ma was a certified public accountant at
Zhengdexin CPA Firm from 1996 to 2002.  Mr. Ma has also been
qualified as an accountant since 1985 and a certified internal
auditor since 2005.  Mr. Ma received a bachelor's degree of
Mathematics from Northwest Institute for Nationalities.

                          About Ku6 Media

Ku6 Media Co., Ltd. -- http://ir.ku6.com/-- is an Internet video
company in China focused on User-Generated Content.  Through its
premier online brand and online video Web site,
http://www.ku6.com/,Ku6 Media provides online video uploading and
sharing service, video reports, information and entertainment in
China.

Ku6 Media reported a net loss of $10.7 million in 2014 following a
net loss of $34.4 million in 2013.

As of Dec. 31, 2014, the Company had $5.62 million in total assets,
$9.76 million in total liabilities, and a $4.13 million total
shareholders' deficit.

PricewaterhouseCoopers Zhong Tian LLP, in Shanghai, the People's
Republic of China, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that the Company's recurring losses, negative working
capital, net cash outflows, and uncertainties associated with
significant changes made, or planned to be made, in respect of the
Company's business model, raise substantial doubt about the
Company's ability to continue as a going concern.


LEHMAN BROTHERS: Sues Federal Home Loan Bank of NY
--------------------------------------------------
Patrick Fitzgerald, writing for the Daily Bankruptcy Review,
reported that Lehman Brothers Holdings Inc. is suing the Federal
Home Loan Bank of New York for more than $150 million over dozens
of soured interest-rate swaps.

According to the report, Lehman and its Special Financing unit sued
Federal Home Loan Bank, or FHLBNY, in U.S. Bankruptcy Court in New
York over payments it says are due from its position on 356 swaps
and options transactions.  Lehman says it was in the money on the
swaps at the time of its 2008 bankruptcy filing, the report
related.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

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

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

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

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

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

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

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

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


M.A.R. REALTY: Seeks Court's Final Decree Closing Bankruptcy Case
-----------------------------------------------------------------
Millennium Institute for Advance Nursing Care Inc., reorganized
Debtor (M.A.R. Realty Inc.) asks the U.S. Bankruptcy Court for the
District of Puerto Rico for final decree closing the Debtor's
Chapter 11 bankruptcy case because the Debtor's confirmed plan of
reorganization has been substantially consummated as defined in
Section 1101(2) of the Bankruptcy Code.

According to Millennium Institute, the plan as confirmed
contemplates that the Debtor with the Secured creditors' consent
would endeavor efforts to sell the properties encumbered with liens
pledged to Banco Popular.  Out of the proceeds of said sales the
property taxes would be paid and the balance of the sale proceeds
would be tendered to the secured creditor as partial payment.

In furtherance of the terms of the confirmed plan, the Debtor filed
a Notice of proposed sale of property outside of the normal course
of business pertaining to the real property located in Barrio
Quebrada Arena for the agreed purchase price of $1,475,000 on Aug.
11, 2014.

The sale of the property was duly executed on Dec. 17, 2014, after
the effective date of the Plan.  There is second property located
in Mayaguez, which is in the process of being auctioned.

The Debtor said it has commenced the distribution to secured
creditors pursuant to the Plan.

                      About M.A.R. Realty

M.A.R. Realty Corp. filed a Chapter 11 petition (Bankr. D.P.R. Case
No. 13-09752) on Nov. 25, 2013.  Edwin Ramos signed the petition as
president.  The Debtor disclosed $11.16 million in total assets and
$10.14 million in total liabilities.  Isabel M. Fullana, Esq., at
Garcia Arregui & Fullana PSC, serves as the Debtor's counsel.  Hon.
Mildred Caban Flores presides over the case.


MAE PROPERTIES: Case Summary & 9 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Mae Properties LLP
        888 West County Road D Ste 215
        New Brighton, MN 55112

Case No.: 15-31809

Chapter 11 Petition Date: May 13, 2015

Court: United States Bankruptcy Court
       District of Minnesota (St Paul)

Judge: Hon. Katherine A. Constantine

Debtor's Counsel: John D. Lamey, III, Esq.
                  LAMEY LAW FIRM, P.A.
                  980 Inwood Ave N
                  Oakdale, MN 55128
                  Tel: 651-209-3550
                  Email: bankrupt@lameylaw.com

Total Assets: $1.2 million

Total Liabilities: $986,432

The petition was signed by Craig A. Hunter, managing partner.

A list of the Debtor's nine largest unsecured creditors is
available for free at http://bankrupt.com/misc/mnb15-31809.pdf


MARRONE BIO: Receives Delisting Notice; Delays Filing of Q1 Report
------------------------------------------------------------------
Marrone Bio Innovations, Inc. on May 12 disclosed that on May 6,
2015, as anticipated, the Company was notified by the Listing
Qualifications Staff (of The NASDAQ Stock Market LLC that, based
upon the Company's continued non-compliance with NASDAQ's filing
requirements under NASDAQ Listing Rule 5250(c)(1), the uncertainty
of the Company's time frame to file all its required periodic
reports and its expectation that it would not file all periodic
reports with the SEC by May 13, 2015, the termination of the
exception period previously granted by the Staff, the Company's
securities were subject to delisting unless the Company timely
requests a hearing before the NASDAQ Listing Qualifications Panel.
In addition, the Company announced that it does not expect to file
on a timely basis its Quarterly Report on Form 10-Q for the three
months ended March 31, 2015, resulting in further noncompliance
with NASDAQ Listing Rule 5250(c)(1).

The Company intends to timely request a hearing before the Panel,
at which hearing the Company will present its plan to evidence
compliance with NASDAQ's filing requirement and request an
extension within which to do so.  In accordance with the NASDAQ
Listing Rules, the Panel has the authority to continue the
Company's listing on NASDAQ pursuant to an exception to the filing
requirement through as late as November 2, 2015.  The Company's
common stock will continue to trade on The NASDAQ Global Market
under the symbol "MBII" pending the completion of the hearing
process and the expiration of any extension period granted by the
Panel.

                   About Marrone Bio Innovations

Marrone Bio Innovations, Inc. -- http://www.marronebio.com-- is a
provider of bio-based pest management and plant health products for
the agriculture, turf and ornamental and water treatment markets.


MIDSTATES PETROLEUM: Posts $194 Million Net Loss in 1st Quarter
---------------------------------------------------------------
Midstates Petroleum Company, Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $194 million on $111 million of total revenues for the
three months ended March 31, 2015, compared with a net loss of
$83.6 million on $145 million of total revenues for the same period
a year ago.

As of March 31, 2015, Midstates Petroleum had $2.27 billion in
total assets, $1.99 billion in total liabilities and $273 million
in total stockholders' equity.

As of March 31, 2015, the Company had available cash of
approximately $11.9 million and availability under its Credit
Facility of approximately $88.4 million.

Jake Brace, president and chief executive officer commented, "Our
strong first quarter results, anchored by our outstanding
operational performance and record production from our premier
Mississippian Lime assets, provide a solid foundation for the rest
of the year, as we continue to focus on aggressively managing our
costs and increasing returns.  While maintaining our focus on
operations and returns, we will continue to work on improving our
liquidity so we can fully unlock the value of our premium asset
position."

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

                        http://is.gd/0O5lpe

                About Midstates Petroleum Company

Midstates Petroleum Company, Inc. --
http://www.midstatespetroleum.com/-- is an independent exploration
and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma.  The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.

Midstates reported net income of $117 million on $794 million of
total revenues for the year ended Dec. 31, 2014, compared to a net
loss of $344 million on $470 million of total revenues for the year
ended Dec. 31, 2013.

The Company's independent auditor, Deloittee & Touche LLP, in
Houston, Texas, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that Midstates' projected debt covenant violation and
resulting lack of liquidity raise substantial doubt about its
ability to continue as a going concern.

                             *    *    *

Midstates Petroleum carries a 'B' corporate credit rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 8, 2013, Moody's Investors Service
affirmed Midstates Petroleum's 'B3' Corporate Family Rating.


MOBILESMITH INC: Incurs $1.8 Million Net Loss in First Quarter
--------------------------------------------------------------
Mobilesmith, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $1.85
million on $426,188 of total revenue for the three months ended
March 31, 2015, compared to a net loss of $1.59 million on $187,945
of total revenue for the same period a year ago.

As of March 31, 2015, the Company had $1.59 million in total
assets, $35.16 million in total liabilities and a $33.56 million
total stockholders' deficit.

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

                         http://is.gd/unNuKL

                         About MobileSmith Inc.

MobileSmith, Inc. (formerly, Smart Online, Inc.) was incorporated
in the State of Delaware in 1993.  The Company changed its name to
MobileSmith, Inc., effective July 1, 2013.  The Company develops
and markets software products and services tailored to users of
mobile devices.  The Company's flagship product is The
MobileSmithTM Platform.  The MobileSmithTM Platform is an
innovative, patents pending mobile app development platform that
enables organizations to rapidly create, deploy, and manage
custom, native smartphone apps deliverable across iOS and Android
mobile platforms.

MobileSmith reported a net loss of $7.33 million on $879,000 of
total revenue for the year ended Dec. 31, 2014, compared to a net
loss of $27.5 million on $339,000 of total revenue in 2013.

Cherry Bekaert LLP, in Raleigh, North Carolina, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has suffered recurring losses from operations and has a
working capital deficiency as of Dec. 31, 2014.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


MOLYCORP INC: Planning Bankruptcy Loan with Creditors
-----------------------------------------------------
Jodi Xu Klein, writing for Bloomberg News, reported that Molycorp
Inc. is in talks with a group of senior creditors for a $150
million loan that would see the rare-earths miner through a
bankruptcy, according to three people with knowledge of the
matter.

According to the report, citing the people, the
debtor-in-possession loan would be junior to the company's $400
million first-lien credit line from Oaktree Capital Group LLC.
More than two-thirds of holders of the miner's $650 million of 10
percent, first-lien bonds maturing in June 2020 have consented to
the plan, two of the people said, the report related.

Molycorp decided to skip its first-quarter earnings call as the
company discusses restructuring its $1.6 billion of debt with
creditors and investors, Bloomberg said.  The company, based in
Greenwood Village, Colorado, said in a regulatory filing on May 7
that it had an adjusted loss of 28 cents a share and an 8 percent
decrease in revenue to $106 million in the first quarter, the
report added.

                          About Molycorp

Molycorp Inc. -- http://www.molycorp.com/-- produces specialized
products from 13 different rare earths (lights, mids and heavies),
the transition metal yttrium, and five rare metals (gallium,
indium, rhenium, tantalum and niobium).  It has 26 locations across
11 countries.  Through its joint venture with Daido Steel and the
Mitsubishi Corporation, Molycorp manufactures next-generation,
sintered neodymium-iron-boron ("NdFeB") permanent rare earth
magnets.

Molycorp reported a net loss of $623 million in 2014, a net loss
of
$377 million in 2013 and a net loss of $475 million in 2012.  At
Dec. 31, 2014, the Company had $2.57 billion in total assets,
$1.77 billion in total liabilities and $804.3 million in total
stockholders' equity.

KPMG LLP, in Toronto, Canada, issued a "going concern"
qualification on the consolidated financial statements for the
year
ended Dec. 31, 2014, stating that the Company continues to incur
operating losses, has yet to achieve break-even cash flows from
operations, has significant debt servicing costs and is currently
not in compliance with the continued listing requirements of the
New York Stock Exchange.  These conditions, among other things,
raise substantial doubt about the Company's ability to continue as
a going concern.

                           *     *     *

In June 2014, Moody's Investors Service downgraded the corporate
family rating of Molycorp to 'Caa2' from 'Caa1'.  The downgrade
reflects continued weakness in rare earths pricing environment,
ongoing negative free cash flows, weak liquidity and high
leverage.

As reported by the TCR on Dec. 12, 2014, Molycorp has a 'CCC+'
corporate credit rating, with negative outlook, from Standard &
Poor's.  "The negative outlook reflects our view that Molycorp's
business and financial condition will become increasingly
precarious unless the Mountain Pass facility can be brought to
full production capacity," said S&P's credit analyst Cheryl Richer.


NATIONAL CINEMEDIA: Appoints Thomas Lesinski to Audit Committee
---------------------------------------------------------------
National CineMedia, Inc., has appointed Thomas F. Lesinski to the
the Audit Committee of its Board of Directors, according to a
document filed with the Securities and Exchange Commission.

Mr. Lesinski will replace Lawrence A. Goodman on the Audit
Committee, who will continue to serve as Chairman of the
Compensation Committee and a member of the Nominating and
Governance Committee.

On Dec. 19, 2014, the Board of Directors of the Company appointed
Thomas F. Lesinski as director.

                      About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

As of April 2, 2015, the Company had $985.6 million in total
assets, $1.2 billion ini total liabilities and a $219.8 million
total deficit.

                            *     *     *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


NATIONAL CINEMEDIA: Incurs $9 Million Net Loss in First Quarter
---------------------------------------------------------------
National Cinemedia, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company of $9 million on $76.9 million of
advertising revenue for the three months ended April 2, 2015,
compared to a net loss attributable to the Company of $3.1 million
on $70.2 million of advertising revenue for the three months ended
March 27, 2014.

As of April 2, 2015, the Company had $985.6 million in total
assets, $1.2 billion ini total liabilities and a $219.8 million
total deficit.

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

                        http://is.gd/qtOs98

                     About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

                            *     *     *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


NATIONAL CINEMEDIA: Posts $9 Million Net Loss in First Quarter
--------------------------------------------------------------
National CineMedia, Inc. reported a net loss attributable to the
Company of $9 million on $76.9 million of advertising revenue for
the quarter ended April 2, 2015, compared to a net loss
attributable to the Company of $3.1 million on $70.2 million of
advertising revenue for the quarter ended March 27, 2014.

The Company announced that its Board of Directors has authorized
the Company's regular quarterly cash dividend of $0.22 per share of
common stock.  The dividend will be paid on June 9, 2015, to
stockholders of record on May 26, 2015.  The Company intends to pay
a regular quarterly dividend for the foreseeable future at the
discretion of the Board of Directors consistent with the Company's
intention to distribute over time a substantial portion of its free
cash flow in the form of dividends to its stockholders.  The
declaration, payment, timing and amount of any future dividends
payable will be at the sole discretion of the Board of Directors
who will take into account general economic and advertising market
business conditions, the Company's financial condition, available
cash, current and anticipated cash needs, and any other factors
that the Board of Directors considers relevant.

Commenting on the Company's first quarter 2015 results, Kurt Hall,
NCM's Chairman and CEO said, "Our first quarter growth and strong
guidance for the second quarter of 2015 reflect our successful
2014/2015 national upfront campaign and media buying shifts in
response to changes in consumer viewing habits."  Mr. Hall
concluded, "As consumers become harder to reach, I am encouraged
that more national brands and local businesses are recognizing the
value of our broad national reach, reliable impressions, engaged
audience and high quality event programming."

A full-text copy of the press release is available for free at:

                       http://is.gd/ODIL7V

                     About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

                            *     *     *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


NATIONAL CINEMEDIA: Stockholders Elect 4 Directors
--------------------------------------------------
An annual meeting of the stockholders of National CineMedia, Inc.,
was held on May 8, 2015, at which the stockholders elected David R.
Haas, Stephen L. Lanning, Thomas F. Lesinski and
Paula Williams Madison to the Board of Directors.  The stockholders
also approved the Company's executive compensation and ratified the
appointment of Deloitte & Touche LLP as the Company's independent
auditors for the 2015 fiscal year ending Dec. 31, 2015.

The following directors' terms continued after the Annual Meeting
of Stockholders:

Class I directors - Kurt Hall, Lawrence Goodman and Scott
Schneider

Class III directors - Peter B. Brandow, Lee Roy Mitchell and Craig
R. Ramsey

                      About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

                            *     *     *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


NATROL INC: Plan Confirmation Hearing Continued to May 20
---------------------------------------------------------
On May 8, 2015, a hearing was held to consider confirmation of the
Second Amended Joint Liquidating Plan of Leaf123, Inc., f/k/a
Natrol, Inc., and its affiliated debtors.  At the Hearing, the U.S.
Bankruptcy Court for the District of Delaware continued
confirmation of the Plan until May 20, 2015 at 1:00 p.m. (ET).

The Debtors amended their plan to incorporate the support to
approval of the Plan of the Aurobindo Parties and New Natrol.
According to the Debtors, under the Second Amended Plan, they will
be able to pay all Allowed Claims, without the need for further
litigation, cost and uncertainty.  The Debtors entered into a
settlement with Aurobindo Pharma USA Inc. and Natrol, LLC, ("New
Natrol"), which resolves significant, costly, and uncertain
litigation between the parties, including disputes arising under
the sale order, the disputed liabilities motion, and litigation
arising from the adversary proceeding.  The Debtors seek approval
of the settlement in connection with confirmation of the Plan.

A blacklined version of the Plan dated May 11, 2015, is available
at http://bankrupt.com/misc/NATROLplan0511.pdf

Full-text copies of Plan Supplements dated April 28, 2015, are
available at http://bankrupt.com/misc/NATROLplansupp0428.pdf

Full-text copies of Plan Supplements dated May 5, 2015, are
available at http://bankrupt.com/misc/NATROLplansupp0505.pdf

A full-text copy of the Settlement with Aurobindo and New Natrol is
available at http://bankrupt.com/misc/NATROLdeal0428.pdf

New Natrol is represented by:

         Robert J. Stearn, Jr., Esq.
         John H. Knight, Esq.
         Robert C. Maddox, Esq.
         Marisa A. Terranova, Esq.
         RICHARDS, LAYTON & FINGER, P.A.
         One Rodney Square
         920 North King Street
         Wilmington, DE 19801
         Tel: (302) 651-7700
         Fax: (302) 651-7701
         Email: stearn@rlf.com
                knight@rlf.com
                maddox@rlf.com
                terranova@rlf.com

            -- and --

         Robert Klyman, Esq.
         Keith Martorana, Esq.
         GIBSON, DUNN & CRUTCHER, LLP
         333 South Grand Avenue
         Los Angeles, CA 90071
         Tel: (213) 229-7000
         Fax: (213) 229-7520
         Email: rklyman@gibsondunn.com
                kmartorana@gibsondunn.com

                     About Natrol, Inc.

Headquartered in Chatsworth, Calif., Natrol, Inc., sold herbs and
botanicals, multivitamins, specialty and sports nutrition
supplements made to support health and wellness throughout all ages
and stages of life.  Natrol, Inc., was a wholly owned subsidiary of
Plethico Pharmaceuticals Limited (BSE: 532739. BO: PLETHICO).

Natrol, Inc., and its six affiliates sought bankruptcy protection
(Bankr. D. Del. Case No. 14-11446)  on June 11, 2014.  The case is
assigned to Judge Brendan Linehan Shannon.  The Debtors are
represented by Robert A. Klyman, Esq., and Samuel A. Newman, Esq.,
at Gibson, Dunn & Crutcher LLP, in Los Angeles, California; and
Michael R. Nestor, Esq., Maris J. Kandestin, Esq., and Ian J.
Bambrick, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware.  The Debtors' Claims and Noticing Agent is
Epiq Systems INC.

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

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

On Nov. 10, 2014, the Debtors held an auction for the sale of the
assets, and Aurobindo Pharma USA Inc. emerged as the successful
bidder.  The Court approved the sale and the sale closed on Dec. 4,
2014.  The Debtors changed their names to Leaf123, Inc., following
the sale.

                            *     *     *

The Troubled Company Reporter, on Feb. 23, 2015, reported that
Leaf123, Inc., f/k/a Natrol Inc., and its debtor affiliates filed a
Chapter 11 plan of liquidation, pursuant to which tax refunds and
credits, all shares of capital stock or other Equity Interests in
Natrol UK, all Avoidance Actions not otherwise purchased by the
Buyer under the Purchase Agreement, the proceeds from prepetition
litigation, the proceeds from the Sale Transaction, and certain
other assets are being pooled and distributed to persons or
entities holding allowed claims in accordance with the priorities
of the Bankruptcy Code.

Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware on April 2, 2015, approved the disclosure
statement explaining the First Amended Joint Liquidating Plan of
Leaf123, Inc., f/k/a Natrol, Inc., and its debtor affiliates, and
scheduled the confirmation hearing to be held on May 8, 2015, at
9:30 a.m. (prevailing Eastern time).  Any objections to
confirmation of the Plan must be submitted on or before May 1.

A full-text copy of the Disclosure Statement dated April 2, 2015,
is available at http://bankrupt.com/misc/NATROLds0402.pdf


NII HOLDINGS: Naranjo Named as VP Finance Operations
----------------------------------------------------
Esteban Naranjo on May 11, 2015, accepted the position of Vice
President, Finance Operations of NII Holdings, Inc. and, in
connection with the acceptance, voluntarily moved from the position
of Vice President, Corporate Controller and Principal Accounting
Officer to his new role.

On May 6, 2015, the Board of Directors of the Company appointed Tim
Mulieri, 35, to the position of Vice President, Corporate
Controller and Principal Accounting Officer of the Company
effective as of May 11, 2015. In this role, Mr. Mulieri will report
directly to Juan Figuereo, the Company's Executive Vice President,
Chief Financial Officer.

Mr. Mulieri has served as the Company's Senior Director and
Assistant Controller since September 2013 and has served in various
positions in the Company's finance department since August 2012.
Prior to joining the Company, Mr. Mulieri served as a senior
manager at KPMG LLP from August 2005 to August 2012.

                      About NII Holdings

NII Holdings Inc. [OTC: NIHDQ] through its subsidiaries provides
wireless communication services for businesses and consumers in
Brazil, Mexico and Argentina.  NII Holdings has the exclusive right
to use the Nextel brand in its markets pursuant to a trademark
license agreement with Sprint Corporation and offers unique
push-to-talk ("PTT") services associated with the Nextel brand in
Latin America.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on Sept. 15, 2014. The Debtors' cases are jointly administered and
are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Jones Day's Scott J. Greenberg, Esq., and
Michael J. Cohen, Esq., as counsel and Prime Clerk LLC as claims
and noticing agent.  NII Holdings disclosed $1.22 billion in assets
and $3.068 billion in liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed five creditors of NII
Holdings to serve on the official committee of unsecured
creditors.  The panel is represented by Kenneth H. Eckstein, Esq.
and Adam C. Rogoff, Esq. of Kramer Levin Naftalis & Frankel LLP.
Kurtzman Carson Consultants LLC is the panel's information agent.

                          *     *     *

On Nov. 24, 2014, the Debtors filed a first plan support
agreement.  On Dec. 22, 2014, the Debtors filed a plan of
reorganization.

On Jan. 26, 2015, the Debtors reached agreement for the sale of
their operations in Mexico, operated by non-debtor Comunicaciones
Nextel de Mexico, S.A. de C.V., to an affiliate of AT&T for $1.875
billion, subject to (a) the approval of the Court and (b)
regulatory approvals in Mexico.

As a result of the sale transaction, the Debtors on March 13,
2015, filed the First Amended Plan. The sale transaction was
approved on March 23, 2015.


NORTHERN BEEF: Court Convert Case to Chapter 7 Proceeding
---------------------------------------------------------
The Hon. Charles L. Nail, Jr., of the U.S. Bankruptcy Court for the
District of South Dakota converted the Chapter 11 bankruptcy case
of Northern Beef Packers Limited Partnership to Chapter 7
proceedings at the behest of the U.S. Trustee for Region 12.

The U.S. Trustee said, since the filing of the Debtor's petition
over 21 months ago, virtually all estate assets have been sold and
the Debtor continues to maintain a negative cash-flow position.
Despite the lack of business operations, Debtor continues to incur
administrative expenses.  To date, neither Debtor nor any party in
the case has proposed a plan of reorganization/liquidation and no
such plan is anticipated to be filed.

The U.S. Trustee added the only remaining assets of the estate are
the potential "chapter 5" actions for preference or fraudulent
conveyances.  These remaining assets can be pursued in a Chapter 7
case as easily as in the current Chapter 11.  Further, at this
stage of the case there is no perceived benefit to pursuing the
remaining assets in a Chapter 11, the U.S. Trustee noted.

The U.S. Trustee noted all parties appearing at the status
conferenced held on April 16, 2015, including the Official
Committee of Unsecured Creditors, expressed their preference the
case be converted to Chapter 7.

                   About Northern Beef Packers

Northern Beef Packers Limited Partnership, which operates a beef
processing facility that opened in October 2012, filed for Chapter
11 relief (Bankr. D.S.D. Case No. 13-10118) on July 19, 2013.
Karl
Wagner signed the petition as chief financial officer.

Judge Charles L. Nail, Jr., presides over the case.  The Debtor
estimated assets of at least $50 million and debts of at least $10
million.  James M. Cremer, Esq., at Bantz, Gosch, & Cremer,
L.L.C.,
serves at the Debtor's counsel.  Steven H. Silton, Esq., at Cozen
O'Connor serves as co-counsel.  Lincoln Partners Advisors LLC
serves as financial advisors.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors in the case.  Robbins, Salomon &
Patt, Ltd. serves as it lead counsel.  Patrick T. Dougherty serves
as its local counsel.


NORTHERN OIL: $200MM Notes Add-on No Impact on S&P's Notes Rating
-----------------------------------------------------------------
Standard & Poor's Ratings Services said its 'B-' issue-level rating
on Wayzata, Minn.-based Northern Oil and Gas Inc.'s (NOG) senior
unsecured notes remains unchanged following the company's $200
million add-on to its existing senior unsecured notes due 2020. The
recovery rating on the notes remains '5', indicating S&P's
expectation of modest (in the lower end of the 10% to 30% range)
recovery in the event of a payment default. Our corporate credit
rating on Northern Oil and Gas remains 'B'. The outlook is stable.

The exploration and production company intends to use proceeds to
repay borrowings under its credit facility and for general
purposes.

The ratings on Northern Oil and Gas reflects S&P's assessment of
the company's "vulnerable" business risk, "aggressive" financial
risk, and "adequate" liquidity assessments, as defined in S&P's
criteria.


NORTHWEST BANCORPORATION: Proposes May 29 as Claims Bar Date
------------------------------------------------------------
Northwest Bancorporation of Illinois, Inc., asks the U.S.
Bankruptcy Court for the Northern District of Illinois, Eastern
Division, to establish May 29, 2015, as the general deadline for
all claimants, other than governmental units, to file prepetition
claims, and October 26, 2015, as the deadline for governmental
units to file prepetition claims.

                  About Northwest Bancorporation

Northwest Bancorporation of Illinois, Inc., formerly known as
Hershenhorn Bancorporation, Inc., is a bank holding company that
owns 100 percent of the outstanding shares of First Bank and Trust
Company of Illinois, a single-branch bank in Palatine, Illinois.
Approximately 90 percent of Northwest Bancorporation's equity is
owned by Robert Hershenhorn and his family.

Northwest Bancorporation commenced a Chapter 11 bankruptcy case
(Bankr. N.D. Ill. Case No. 15-15245) in Chicago, Illinois, on April
29, 2015.  The case is assigned to Judge Carol A. Doyle.

The Debtor tapped Kirkland & Ellis LLP as counsel, and River Branch
Capital LLC as financial advisor.

The Debtor estimated assets of $10 million to $50 million and debt
of $50 million to $100 million.

The Debtor's owner can be reached at:

         Robert Hershenhorn
         808 East Deerpath
         Palatine, IL 60047
         Telephone: (847) 358-6262
         E-mail: rhershenhorn@aol.com


ONE SOURCE: Has Until July 14 to Propose Plan of Reorganization
---------------------------------------------------------------
One Source Industrial Holdings, LLC, and One Source Industrial, LLC
obtained from the bankruptcy court an extension of their exclusive
periods to file a plan of reorganization until July 14, 2015, and
solicit acceptances for that plan until Sept. 14.

The Debtors explained that they had been operating in the uncertain
economic climate of the oil and gas industry after the
recent and unprecedented drop in oil prices.  Once the Debtors have
had an opportunity to adapt their business model to the needs of
the current economic climate, they will be in a position to propose
the terms of either a joint or individual plans.

The Debtors are represented by:

         Robert Forshey, Esq.
         Suzanne K. Rosen, Esq.
         FORSHEY & PROSTOK LLP
         777 Main St., Suite 1290
         Fort Worth, TX 76102
         Tel: (817) 877-8855
         Fax: (817) 877-415
         E-mail: bforshey@forsheyprostok.com
                 srosen@forsheyprostok.com

                    About One Source Industrial

One Source Industrial Holdings, LLC, and One Source Industrial LLC
are both limited liability companies that are part of a corporate
family of affiliated companies.

One Source Industrial Holdings holds equipment utilized by various
related entities which provide rental equipment and industrial
services to businesses in the oil and gas, refining,
manufacturing, pipeline, shipping, and construction industries.
The types of equipment possessed by One Source include, e.g.,
hazardous material transportation vehicles, frac tanks, tank
trailers, barrel mix tank and vacuum tankers, air machines, and
waste and other industrial boxes and tanks.  Industrial provides
executive management, accounting, and overhead services for
Holdings.

One Source Holdings sought Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 14-44996) in Ft. Worth, Texas, on
Dec. 16, 2014.  One Industrial sought Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Case No. 15-400038) on Jan. 4, 2015.
Holdings' case is assigned to Judge Russell F. Nelms.

The Debtor disclosed $12,036,897 in assets and $15,890,063 in
liabilities as of the Chapter 11 filing.

The Debtors are represented by J. Robert Forshey, Esq., and Suzanne
K. Rosen, Esq., at Forshey & Prostok, LLP, in Ft. Worth, Texas.
The Debtors tapped EJC Ventures LP as financial consultant.

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



ONE SOURCE: Stay Lifted for Ascentium to Possess Trucks
-------------------------------------------------------
Ascentium Capital, LLC, asks the United States Bankruptcy Court for
the Northern District of Texas, Fort Worth Division, to lift the
automatic stay in the Chapter 11 cases of One Source Industrial
Holdings, LLC, to allow it to obtain possession of 19 tractor
trailer trucks.

According to Ascentium, when One Source filed its voluntary Chapter
11 petition the Debtor failed to make its monthly payment due for
December 2014, as well as all subsequent monthly payments under the
Agreement.  After accounting for all lawful credits and offsets,
the Debtor's unpaid amount due and owing to Ascentium is $288,300.

Ascentium's counsel, Mark W. Stout, Esq., at Padfield & Stout,
L.L.P., in Fort Worth, Texas, tells the Court that Ascemtium has
recently discovered that the Equipment is in poor condition and is
not being utilized or operated by One Source as part of its
business operations.  Based on the Equipment's current condition,
Ascentium believes that its current value has significantly fallen
and that Ascentium may be under-secured.  Despite this fact, One
Source has not provided any adequate protection payments to
Ascentium, Mr. Stout adds.

                     *     *     *

U.S. Bankruptcy Judge Russel F. Nelms terminated the automatic stay
with respect to the equipment and granted Ascentium leave to pursue
its state law remedies against the equipment, including, but not
limited to, repossession and foreclosure of Ascentium's security
interest in the Equipment.

Ascentium is represented by:

         Mark W. Stout, Esq.
         Matthew D. Giadrosich, Esq.
         PADFIELD & STOUT, L.L.P.
         421 W. Third Street, Suite 910
         Fort Worth, TX 76102
         Tel: (817) 338-1616
         Fax: (817) 338-1610

One Source is represented by:

         J. Robert Forshey, Esq.
         FORSHEY & PROSTOK, LLP
         777 Main Street, Suite 1290
         Fort Worth, TX 76102
         Tel: (817) 877-8855
         Email: bforshey@forsheyprostok.com

                    About One Source Industrial

One Source Industrial Holdings, LLC, and One Source Industrial LLC
are both limited liability companies that are part of a corporate
family of affiliated companies.

One Source Industrial Holdings holds equipment utilized by various
related entities which provide rental equipment and industrial
services to businesses in the oil and gas, refining,
manufacturing, pipeline, shipping, and construction industries.
The types of equipment possessed by One Source include, e.g.,
hazardous material transportation vehicles, frac tanks, tank
trailers, barrel mix tank and vacuum tankers, air machines, and
waste and other industrial boxes and tanks.  Industrial provides
executive management, accounting, and overhead services for
Holdings.

One Source Holdings sought Chapter 11 bankruptcy protection
(Bankr.
N.D. Tex. Case No. 14-44996) in Ft. Worth, Texas, on
Dec. 16, 2014.  One Industrial sought Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Case No. 15-400038) on Jan. 4, 2015.
Holdings' case is assigned to Judge Russell F. Nelms.

The Debtor disclosed $12,036,897 in assets and $15,890,063 in
liabilities as of the Chapter 11 filing.

The Debtors are represented by J. Robert Forshey, Esq., and
Suzanne
K. Rosen, Esq., at Forshey & Prostok, LLP, in Ft. Worth, Texas.
The Debtors tapped EJC Ventures LP as financial consultant.

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


OW BUNKER: Court Approves Employee Contract with Rene Broman
------------------------------------------------------------
U.S. Bankruptcy Judge Alan H.W. Shiff authorized O.W. Bunker
Holding North America Inc. to enter into an employee contract with
Rene Broman, nunc pro tunc to March 1, 2015.

The Debtors, in their motion, stated that Mr. Broman served as the
credit manager for O.W. Bunker prior to the filing of the Debtors'
cases.  According to the Debtors, the employment contact will
provide necessary incentives to the participant to drive an
expeditious Chapter 11 process and maximize value for the Debtor's
estates.

The new employment agreement with Mr. Broman increased
Mr. Broman's salary from $20,000 per month to $30,000 per month.
The increase is a result of the expanded scope of responsibilities
that Mr. Broman has taken on and is similar to the Debtors'
prepetition practice of providing additional salary to individuals
taking on extra responsibility.

Further, under the employment contract Mr. Broman would be entitled
to a $10,000 bonus at the end of March if he completed several
tasks, including (i) a memorandum for counsel delineating the
general transactional process and procedures of the Debtors and
that summarizes the transactional facts and key documents relating
to each interpleader or arrest proceeding the Debtors are involved
in; (ii) completion of all the work relating to tax preparation and
filings; and (iii) assistance with completion of a claims
analysis.

Judge Shiff overruled the objection of William K. Harrington, U.S.
Trustee for Region 2, which noted that the motion, despite its
misleading title, is a motion to approve a key employee retention
plan for a single employee, Mr. Broman under Section 503(c) and
363(b).  The U.S. Trustee related that the Debtors have failed to
meet their burden of proof to show that the proposed retention plan
satisfies the requirements of Section 503(c) of the Bankruptcy
Code.  The Debtors have not showed any evidence demonstrating that
Mr. Broman is not an insider within the meaning of Section 101(31)
of the Bankruptcy Code.

                         About O.W. Bunker

OW Bunker AS is a global marine fuel (bunker) company founded in
Denmark.

On Nov. 6, 2014, OW Bunker A/S placed OWB Trading and O.W. Bunker
Supply & Trading A/S in an in-court restructuring procedure with
the probate court in Aalborg, Denmark.  By Nov. 7, 2014, the
Danish
entities (plus O.W. Bunker Supply & Trading A/S, O.W. Cargo
Denmark
A/S, and Dynamic Oil Trading A/S) were placed under formal Danish
bankruptcy (liquidation) proceedings in the Aalborg probate court.

The company declared bankruptcy following its admission that it had
lost US$275 million through a combination of fraud committed by
senior executives at its Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and O.W.
Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn. Case
Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13, 2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.

The Office of the United States Trustee formed an official
committee of unsecured creditors of the Debtors on Nov. 26, 2014.
The Committee tapped Hunton & Williams LLP as its attorneys.



OW BUNKER: ING Bank Wants More Info on NuStar Deal
--------------------------------------------------
ING Bank N.V., as security agent, filed a preliminary objection to
O.W. Bunker Holding North America Inc., et al.'s motion to approve
settlement agreement among the Debtors, the Official Committee of
Unsecured Creditors, NuStar Energy Services, Inc., NuStar Supply &
Trading LC, and NuStar Terminals Marine Services N.V.

According to ING Bank, the merits of venue transfer are
questionable and the Debtors did not provide any information in the
motion with respect to the details of the transaction implicated by
the settlement agreement or the value of the intercompany claims.

The Debtors, in their motion, stated that the agreement will
resolve:

   -- NuStar's objection to the joint motion of the Debtors and the
Committee for transfer of venue of cases to the U.S. Bankruptcy
Court for the Southern District of New York; and

   -- other litigation and disputes between the Debtors and
NuStar.

                     The Case Transfer Motion

The Debtors requested that the Court transfer the cases to the
Southern District of New York where the Court will be able to
exercise the full panoply of federal maritime and bankruptcy
jurisdiction and will be able to comprehensively address the
overlapping and complicated issues pending concurrently in the
interpleaders in the Southern District of New York and in the
cases.

Between the Petition Date and the filing of the transfer motion on
Dec. 24, 2014, several of the Debtors' customers filed multiple
interpleader actions in several different district courts.  These
include more than ten actions -- involving deposits with the Court
of more than $24 million, more than 25 vessels and more than 40
parties -- in the Southern District of New York.  The interpleaders
generally sought to make payment and an adjudication of claims
relating to the Debtors' and their affiliates' transactions in
marine fuel oil under principles of maritime law.

                     The Settlement Agreement

The agreement provides that, among other things:

   a. tThe Debtors and NuStar have agreed to resolve the adversary
proceeding captioned NuStar Supply & Trading LLC v. O.W. Bunker
North America Inc. pending before the Court, and other outstanding
reclamation-related issues regarding oil onboard the Eva Schulte
and the Elisalex Schulte.  The settlement will provide a $3,454,938
reduction to NuStar Supply's Section 503(b)(9) (and parallel
unsecured) claim, which NuStar Supply asserts is $6,772,447; this
results in an allowed claim of $3,317,509.
The settlement also confirms NuStar Supply's rights to certain oil
that was reclaimed from such vessels, and provides that NuStar will
voluntarily dismiss the NuStar Adversary Proceeding with prejudice
within five days after the entry of a final, non-appealable order
approving the settlement.

  b. The Debtors have agreed to assign to NuStar all of the
Debtors' rights in certain vessel arrest proceedings where the
Debtors were an intermediary supplier for a $151,000 payment.  In
addition, the Debtors are assigning their lien rights in certain
pending cases where they are the contract supplier.

   c. NuStar has agreed to support the transfer of venue of the
cases to the Southern District of New York, and the proposed order
granting the 9019 motion contains express language transferring the
cases to the Southern District of New York in the interest of
justice and for the convenience of the parties, and the Debtors'
agreement to the terms of the settlement agreement is conditioned
upon transfer.

   d. NuStar has agreed, subject to certain conditions, to venue in
the Southern District of New York for six vessels currently subject
to interpleader proceedings: Venus Glory, Hellas Glory, LNG Finima,
Ocean Friend, Rigel Leader, and Waregem.  With regard to three of
these vessels (Ocean Friend, Rigel Leader, and Waregem), one of the
Debtors is a contract supplier and the relative lien rights of
NuStar and the Debtors will be decided in those cases in New York.


   e. The parties agree that neither the Debtors nor the Committee
will take any action to remove, transfer or consolidate certain
NuStar vessel arrest proceedings that are currently pending in
other jurisdictions.

A copy of the settlement agreement is available for free at:

       http://bankrupt.com/misc/OWBunker_542_settlement.pdf

                         About O.W. Bunker

OW Bunker AS is a global marine fuel (bunker) company founded in
Denmark.

On Nov. 6, 2014, OW Bunker A/S placed OWB Trading and O.W. Bunker
Supply & Trading A/S in an in-court restructuring procedure with
the probate court in Aalborg, Denmark.  By Nov. 7, 2014, the
Danish
entities (plus O.W. Bunker Supply & Trading A/S, O.W. Cargo
Denmark
A/S, and Dynamic Oil Trading A/S) were placed under formal Danish
bankruptcy (liquidation) proceedings in the Aalborg probate court.

The company declared bankruptcy following its admission that it had
lost US$275 million through a combination of fraud committed by
senior executives at its Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and O.W.
Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn. Case
Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13, 2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.

The Office of the United States Trustee formed an official
committee of unsecured creditors of the Debtors on Nov. 26, 2014.
The Committee tapped Hunton & Williams LLP as its attorneys.



OW BUNKER: Rene Jensen Okayed to Prosecute Case Against ING Bank
----------------------------------------------------------------
The U.S. Bankruptcy Court authorized O.W. Bunker Holding North
America Inc., et al., to employ Rene Jensen as consultant utilized
in the ordinary course of business, nunc pro tunc to March 1,
2015.

Mr. Jensen will assist the Debtors in gathering and distilling the
information necessary to prosecute the Debtors' adversary
proceeding against ING Bank, N.V.

Mr. Jensen served as the prepetition controller of Debtor O.W.
Bunker North America Inc. and, since the Petition Date, has served
as the controller of each of the Debtors.

The Debtors will compensate Mr. Jensen at the fixed amount of
$60,000 until March 31, 2015.

The Court also ordered that to the extent applicable, the Revised
UST Guidelines will not apply to Mr. Jensen's retention and
Mr. Jensen is exempt from filing interim and final fee statements.

ING Bank N.V., as security agent, filed a limited objection to the

motion, requesting that the Court condition Mr. Jensen's employment
on his and the Debtors' full compliance with the relevant
provisions of the Bankruptcy Code, the Bankruptcy Rules, and the
Local Rules.

ING Bank also stated that the Debtors had failed to establish that
Mr. Jensen is in fact a "disinterested person" as that term is
defined in the Bankruptcy Code; and had failed to provide the
specific disclosures with respect to adverse interests required by
Local Rule 2014-1.

                         About O.W. Bunker

OW Bunker AS is a global marine fuel (bunker) company founded in
Denmark.

On Nov. 6, 2014, OW Bunker A/S placed OWB Trading and O.W. Bunker
Supply & Trading A/S in an in-court restructuring procedure with
the probate court in Aalborg, Denmark.  By Nov. 7, 2014, the
Danish
entities (plus O.W. Bunker Supply & Trading A/S, O.W. Cargo
Denmark
A/S, and Dynamic Oil Trading A/S) were placed under formal Danish
bankruptcy (liquidation) proceedings in the Aalborg probate court.

The company declared bankruptcy following its admission that it had
lost US$275 million through a combination of fraud committed by
senior executives at its Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and O.W.
Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn. Case
Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13, 2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.

The Office of the United States Trustee formed an official
committee of unsecured creditors of the Debtors on Nov. 26, 2014.
The Committee tapped Hunton & Williams LLP as its attorneys.


OWENS-ILLINOIS INC: S&P's BB+ CCR on Watch Neg over Biz Acquisition
-------------------------------------------------------------------
Standard & Poor's Ratings Services placed all of its ratings on
Owens-Illinois Inc., including the 'BB+' corporate credit rating,
on CreditWatch with negative implications.

"Owens-Illinois has obtained debt financing commitments for this
transaction," said Standard & Poor's credit analyst Liley Mehta.
"We expect that Owens-Illinois will raise permanent financing for
the acquisition prior to closing," she added.

The CreditWatch placement follows Owens-Illinois' announcement that
it will acquire Vitro S.A.B. de C.V.'s food and beverage glass
container business in an all-cash transaction valued at
approximately $2.15 billion.

The $2.15 billion acquisition, which has been approved by the
boards of directors of both companies, is subject to approval by
Vitro's shareholders and customary regulatory approvals. The
transaction is expected to close within 12 months.

The transaction is expected to be debt financed, and pro forma
adjusted debt leverage would likely increase to around 4.5x to 5x,
such that Owens-Illinois' financial risk profile will likely be
revised to "aggressive" from "significant". Vitro is the largest
supplier of glass containers in Mexico, and the transaction will
enable Owens-Illinois to establish a leading position in the
growing Mexican glass packaging market.

"We will resolve the CreditWatch listing as we get more information
on the implications for Owens-Illinois' business risk and financial
risk profiles.  From a business risk standpoint, significant
factors that we will be analyzing include the effect of the new
business on the company's existing competitive position, and risks
associated with integrating the Vitro operations. To determine our
final financial risk score, in addition to debt leverage, we will
assess financial policy and Owens-Illinois' willingness to allocate
free cash flow to debt reduction rather than shareholder rewards
and additional debt financed acquisitions."


PARK MERIDIAN: Lender Wants Stay Lifted to Foreclose on Property
----------------------------------------------------------------
Northside-Rosser Debt Holdings LLC filed a motion for relief from
the automatic stay with the U.S. Bankruptcy Court for the Northern
District of Georgia, Gainesville Division, to proceed with its
state-law rights and remedies in connection with an office building
located in Forsyth County, Georgia, in which Debtors Park Meridian,
LLC, and 7220, LLC, hold an ownership interest.

On or about March 23, 2006, Wachovia Bank, National Association
made a loan to the Debtors in the original principal amount of
$9,000,000.  To evidence the Northside Loan, the Debtors executed
and delivered to the Original Lender a Promissory Note dated March
23, 2006, payable to the order of the Original Lender in the Loan
Amount together with interest originally payable at the rate of
5.69% per annum.  The Debt was secured by a Security Deed, an
Assignment of Leases and Rents, and UCC Financing Statements.

The Northside Loan and the Loan Documents were subsequently
transferred and assigned by the Third Interim Holder to
Northside-Rosser, on or about January 13, 2015, along with all of
the related Loan Documents.  On January 30, 2015, Northside-Rosser
provided notice to the Debtors of the sale of the Northside Loan
from the Third Interim Holder to Northside-Rosser.  In the January
2015 Notice, Northside-Rosser provided additional notice of the
existence of an Event of Default and, on that basis, accelerated
and declared immediately due and owing all obligations under the
Loan Documents.  In addition, Northside-Rosser reiterated that the
Debtors' license to collect the Rents and Profits previously had
terminated and that the Debtors continued to collect such amounts
solely as an agent of Northside-Rosser.

Northside-Rosser and the Debtors, executed the Reaffirmation of
Pre-Negotiation Agreement.  The parties ultimately were unable to
reach a negotiated resolution of these matters.  As a result,
Northside-Rosser proceeded with the process to foreclose upon the
property pursuant to applicable Georgia Law, and all other
collateral securing the Northside Loan.  A foreclosure sale was
scheduled to occur on Tuesday, March 3, 2015.

As of the Petition Date, the outstanding balance for the Northside
Loan was no less than approximately $10.5 million, including $9
million in principal, $1 million in accrued and unpaid interest,
and an additional approximately $500,000 for the yield maintenance
premium, late fees, servicing fees and legal fees under the
Northside Loan Documents.

The Debtors are represented by:

         David W. Gordon, Esq.
         William A. Rountree, Esq.
         MACEY, WILENSKY & HENNINGS, LLC
         303 Peachtree Street, Suite 4420
         Atlanta, GA 30308
         Tel: 404-418-8963
         Fax: 404-641-4355
         Email:  dgordon@maceywilensky.com
                 wrountree@maceywilensky.com

Northside-Rosser is represented by:

         Robbin S. Rahman, Esq.
         KILPATRICK TOWNSEND & STOCKTON LLP
         1100 Peachtree Street, Suite 2800
         Atlanta, GA 30309
         Tel: (404) 815-6500
         Email: rrahman@kilpatricktownsend.com

                       About Park Meridian

Park Meridian owns a commercial building located at 3890 Johns
Creek Parkway, in Suwanee, Forsyth County, Georgia.
Northside-Rosser asserts a first priority lien on the property and
the rents therefrom to secure a claim in the disputed amount of
$10,549,229.  The Debtor says the property has a market value of
at
least $11,000,000.

Park Meridian sought Chapter 11 protection (Bankr. N.D. Ga. Case
No. 15-20447) in Gainesville, Georgia, on March 2, 2015, stating
that it was unable to pay its debts as they generally mature.  

The Debtor is represented by William A. Rountree, Esq., at Macey,
Wilensky & Hennings LLC, in Atlanta, Georgia.

The Atlanta-based debtor estimated $10 million to $50 million in
assets and debt.


PHOTOMEDEX INC: Reports $10 Million Net Loss in First Quarter
-------------------------------------------------------------
Photomedex, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $10.01
million on $28.1 million of revenues for the three months ended
March 31, 2015, compared to a net loss of $345,000 on $50.07
million of revenues for the same period a year ago.

As of March 31, 2015, the Company had $107 million in total assets,
$71.4 million in total liabilities, and $34.3 million in total
stockholders' equity.

As of March 31, 2015 the Company had cash, cash equivalents and
short-term investments of $6.2 million, compared with $10.6 million
as of Dec. 31, 2014.

"Our consumer business had a difficult first quarter including
declines in direct, retail, home shopping and distributor channel
sales.  This reflects challenges with marketing efficiencies, media
availability and the continued transition towards online
advertising, each of which we are working to address," said Dr.
Dolev Rafaeli, PhotoMedex CEO.  "Importantly, there have been
several encouraging developments for PhotoMedex in recent weeks. We
are delighted to be preparing to bring the no!no! line of hair
removal products back to the Japanese market, following the signing
of an agreement with Synergy Trading Corporation last month.
Synergy has placed its initial order, and we will be shipping
product to them in the coming weeks.  We are working closely with
Synergy to ensure a successful launch in what historically has been
an important market for the brand.  In addition, our XTRAC
recurring physician business continues to grow, posting a 22%
year-over-year increase in revenue during the quarter. We added a
net 20 XTRAC systems to our installed base, which now stands at 640
units."

He added, "Our first quarter financial results are within the
requirements of our revised forbearance agreement, and we continue
to work with our lenders to pursue a satisfactory resolution."

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

                       http://is.gd/Txgcgq

                        About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at our LasikPlus(R) vision centers.

PhotoMedex and its subsidiaries has entered into a second
amended and restated forbearance agreement with the lenders that
are parties to the credit agreement dated May 12, 2014, and with JP
Morgan Chase, as administrative agent for the Lenders pursuant to
which the Lender have agreed to forbear from exercising their
rights and remedies with respect to certain events of default from
Aug. 25, 2014, until April 1, 2016, or earlier if an event of
default occurs, according to a document filed with the Securities
and Exchange Commission in March 2015.

                        Bankruptcy Warning

"If, in the future, PhotoMedex is required to obtain similar
forbearance agreements as a result of our inability to meet the
terms of the credit agreement, there can be no assurance that those
forbearance agreements will be available on commercially reasonable
terms or at all.  If, as or when required, we are unable to repay,
refinance or restructure our indebtedness under those credit
facilities, or amend the covenants contained therein, the lenders
could elect to terminate their commitments under the credit
facilities and institute foreclosure proceedings against our
assets.  Under such circumstances, we could be forced into
bankruptcy or liquidation.  In addition, any additional events of
default or declaration of acceleration under one of those
facilities or the forbearance agreement could also result in an
event of default under one or more of these agreements.  Such a
declaration would have a material adverse impact on our liquidity,
financial position and results of operations," the Company stated
in its 2014 annual report.


PLUG POWER: Posts $11.1 Million Net Loss in First Quarter
---------------------------------------------------------
Plug Power Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss
attributable to common shareholders of $11.1 million on $9.41
million of total revenue for the three months ended March 31, 2015,
compared to a net loss attributable to common shareholders of $75.9
million on $5.57 million of total revenue for the same period in
2014.

As of March 31, 2015, the Company had $189 million in total assets,
$39.1 million in total liabilities, $1.15 million in series C
convertible redeemable preferred stock and $149 million in total
stockholders' equity.

Net cash used in operating activities for the first quarter 2015
was $13.6 million, which stems from the ongoing investment in the
Company's increased commercial activity, as well as incremental
investment in working capital given the inventory build activity
for second quarter programs.  Plug Power had cash and cash
equivalents of $131.5 million and net working capital of $155.7
million at March 31, 2015.

"The backlog for our products and services continued to grow in the
first quarter," said Andy Marsh, CEO of Plug Power.  "This has
provided us with a high level of confidence in meeting this year's
financial projections."

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

                        http://is.gd/sqhbXJ

                          About Plug Power

Plug Power Inc. is a provider of alternative energy technology
focused on the design, development, commercialization and
manufacture of fuel cell systems for the industrial off-road
(forklift or material handling) market.

Plug Power reported a net loss attributable to common shareholders
of $88.6 million on $64.2 million of total revenue for the year
ended Dec. 31, 2014, compared to a net loss attributable to common
shareholders of $62.8 million on $26.6 million of total revenue for
the year ended Dec. 31, 2013.

                        Bankruptcy Warning

"Our cash requirements relate primarily to working capital needed
to operate and grow our business, including funding operating
expenses, growth in inventory to support both shipments of new
units and servicing the installed base, and continued development
and expansion of our products.  Our ability to achieve
profitability and meet future liquidity needs and capital
requirements will depend upon numerous factors, including the
timing and quantity of product orders and shipments; the timing and
amount of our operating expenses; the timing and costs of working
capital needs; the timing and costs of building a sales base; the
timing and costs of developing marketing and distribution channels;
the timing and costs of product service requirements; the timing
and costs of hiring and training product staff; the extent to which
our products gain market acceptance; the timing and costs of
product development and introductions; the extent of our ongoing
and any new research and development programs; and changes in our
strategy or our planned activities. We expect that we may require
significant additional capital to fund and expand our future
operations.  In particular, in the event that our operating
expenses are higher than anticipated or the gross margins and
shipments of our products are lower than we expect, we may need to
implement contingency plans to conserve our liquidity or raise
additional capital to meet our operating needs. Such plans may
include: a reduction in discretionary expenses, funding from
licensing the use of our technologies, debt and equity financing
alternatives, government programs, and/or a potential business
combination, strategic alliance or sale of a portion or all of the
Company.  If we are unable to fund our operations and therefore
cannot sustain future operations, we may be required to delay,
reduce and/or cease our operations and/or seek bankruptcy
protection," the Company said in its 2014 annual report.


PROTOM INTERNATIONAL: Has $1.86M Financing from Michaelson
----------------------------------------------------------
ProTom International, Inc., and ProTom International, LLC, ask the
U.S. Bankruptcy Court for the Northern District of Texas for
approval to obtain postpetition financing from existing lender
Michaelson Capital Partners, LLC and use cash collateral.

Michaelson is a senior secured lender pursuant to a secured
convertible promissory note dated Dec. 29, 2014 in the principal
amount of $10,138,091.  On April 27, 2015, Michaelson loaned the
Debtors the additional amount of $388,322.  The loans are secured
by substantially all the assets of the Debtors.  As of the Petition
Date, the total amount owed secured loans are estimated to be
$6,485,830.

Michaelson has agreed to provide the Debtor postpetition financing
while it completes a sale of the assets.

The salient terms of the DIP facility are:

  * Borrower: Protom International, Inc.

  * Pledgor: Protom International, LLC

  * Lender: Michaelson Capital Special Finance Fund LP

  * DIP Facility:  Facility consisting of a priming, superpriority,
term credit facility in the amount of up to $1,861,678.

  * Budget: Use of the cash collateral and proceeds from the DIP
facility will be subject to a budget acceptable to Michaelson, and
actual variances must be no greater than 110%.

  * Maturity Date: The earliest to occur of: (i) stated maturity
which shall be the later of 60 days after the Final DIP Order is
entered or 90 days after the Petition Date, (ii) the effective date
of an approved Plan of Reorganization, (iii) conversion of the
cases to a Chapter 7 proceeding or (iv) any other termination of
the DIP Credit Agreement.

  * Priority/Security for DIP Facility: All obligations under the
DIP Facility will be: (a) entitled to superpriority administrative
expense claim status, and (b) secured by a first priority, security
interest in and lien on all assets of the Debtors. The collateral
securing the DIP Facility shall not include causes of action under
Chapter 5 of the Bankruptcy Code.  The liens and superpriority
claims granted to Michaelson will be subject to carve-out for
professional fees and U.S. Trustee fees.

  * Interest Rate: From the Closing through maturity, the simple
interest rate will be 12.00% per annum.  Default interest is 4.00%
above the then current rate of interest.

  * DIP Order: Interim funding under the DIP Facility up to
$712,559 will be subject to the entry of an order entered after an
interim hearing.  Final funding under the DIP Facility will be
subject to a final order approving all aspects of the DIP
facility.

  * Fees and Expenses: The Borrower will pay or reimburse Lender
for all reasonable costs and expenses of the counsel (including,
without limitation, local counsel) for the Lender.

  * Milestones: The Debtors will be required to comply with these
milestones:

    (a) On or before May 12, 2015 or such later date as may be
agreed to in writing by the Lender ("Initial Deadline"), the
Debtors will each file in the Chapter 11 cases and properly serve a
motion seeking approval of the sale procedures;

    (b) On or before the date that is 16 days after the Initial
Deadline, or such later date to the Lender consents in writing in
its sole discretion, the Bankruptcy Court will have held a hearing
on the Sale Procedures Motion.

    (c) On or before the date that is 60 days after the Initial
Deadline, or such later date to which the Lender consents in
writing in its sole discretion, the Debtors will have held the
Auction.

    (d) On or before the date that is 65 days after the Initial
Deadline, the Bankruptcy Court will have entered a Sale Order
approving the 363 Sale, the results of the Auction and the winning
bid received at the Auction.

    (e) Unless the Lender has agreed, in its sole discretion, on or
before the date that is (x) 77 days after the Initial Deadline, if
a waiver of the stay set forth in Bankruptcy Rule 6004 is obtained,
or (y) 84 days after the Initial Deadline, if such a waiver is not
obtained, the Debtors will have consummated the 363 Sale, pursuant
to the 363 Asset Purchase Agreement or pursuant to the Third-Party
Asset Purchase Agreement with the Winning Bidder.

    (f) Debtors will have the right to file a plan of
reorganization if the terms of the bid of a prospective buyer can
only be accomplished through a plan of reorganization.

                    About ProTom International

ProTom International Inc. is a medical technology focused on proton
therapy for cancer patients.  The Company and affiliate ProTom
International, LLC, have the exclusive rights to sell in the U.S.
the compact accelerators developed by Russia-based ZAO Protom and
owner Vladimir E. Balakin.  The ZAO system and technology were
lighter and cheaper than proton therapy systems then in operation
in the U.S.  This technology has been the basis on which ProTom has
developed its Radiance 330 Proton Therapy System.

ProTom International, Inc., and ProTom International, LLC, sought
Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case No.
15-32065 and 15-32066) in Dallas on May 12, 2015.  The cases are
assigned to Judge Barbara J. Houser.

The Debtors tapped Jackson Walker, LLP as counsel, and Lain,
Faulkner & Co., P.C., as accountant.

ProTom Inc. estimated $10 million to $50 million in assets and
debt.


PROTOM INTERNATIONAL: Proposes Jackson Walker as Counsel
--------------------------------------------------------
ProTom International, Inc., and ProTom International, LLC, ask the
U.S. Bankruptcy Court for the Northern District of Texas for
approval to hire Jackson Walker, L.L.P., as counsel.

The Debtors want to employ Jackson Walker as their attorneys under
a general retainer to give the Debtors legal advice with respect to
the Debtors' powers and duties as debtors in possession and to
continue in operation of the Debtors' business and management of
the Debtors' property and perform all legal services for the
Debtors that may be necessary.

The Debtors are requesting the Court to approve a sale of all of
their assets under Sec. 363 of the Bankruptcy Code.  The Debtors
believe the significant knowledge, background and experience of JW
with regard to the business, assets and contracts of the Debtors
will be significantly helpful to the Debtors in the cases.

Kenneth Stohner, Jr., and James s. Ryan, III, will be the attorneys
who will lead the arrangement.

The hourly rates of the attorneys and legal assistants who will
primarily be providing services for the Debtors are:

         Name                    Title        Hourly Rate
         ----                    -----        -----------
         Kenneth Stohner, Jr.    Partner        $625
         James S. Ryan, III      Partner        $625
         Heather Forrest         Partner        $485
         Jennifer Wertz          Associate      $375
         Christopher Rosa        Associate      $375
         Jillian Harris          Associate      $325
         Terri Salter            Paralegal      $220
         Carole Thomas           Paralegal      $205
         Matt Deegan             Specialist     $230

During the year preceding the filing of the Petitions, the Debtors
paid Jackson Walker an aggregate amount of $425,000.  Of this
amount, $230,000 was paid during the period prior to 90 days before
the Petition Date.

Mr. Stohner attests that Jackson Walker is a "disinterested person"
within the meaning of Sec. 101(14) of the Bankruptcy Code.

The firm can be reached at:

         Kenneth Stohner, Jr. Esq.
         James S. Ryan, III, Esq.
         JACKSON WALKER L.L.P.
         901 Main Street, Suite 6000
         Dallas, Texas 75202
         Tel: (214) 953-6000
         Fax: (214) 953-5822
         E-mail: kstohner@jw.com
                 jryan@jw.com

                    About ProTom International

ProTom International Inc. is a medical technology focused on proton
therapy for cancer patients.  The Company and affiliate ProTom
International, LLC, have the exclusive rights to sell in the U.S.
the compact accelerators developed by Russia-based ZAO Protom and
owner Vladimir E. Balakin.  The ZAO system and technology were
lighter and cheaper than proton therapy systems then in operation
in the U.S.  This technology has been the basis on which ProTom has
developed its Radiance 330 Proton Therapy System.

ProTom International, Inc., and ProTom International, LLC, sought
Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case No.
15-32065 and 15-32066) in Dallas on May 12, 2015.  The cases are
assigned to Judge Barbara J. Houser.

The Debtors tapped Jackson Walker, LLP as counsel, and Lain,
Faulkner & Co., P.C., as accountant.

ProTom Inc. estimated $10 million to $50 million in assets and
debt.


PROTOM INTERNATIONAL: Proposes Lain Faulkner as Accountants
-----------------------------------------------------------
ProTom International, Inc., and ProTom International, LLC, ask the
Bankruptcy Court for approval to hire Lain, Faulkner & Co., P.C. as
accountants.

The professional services that Lain Faulkner will render include,
but are not limited to, the following:

   (a) Preparing the Debtors' schedules of asset and liabilities
and statements of financial affairs;

   (b) Providing accounting assistance with monthly operating
reports required by the Debtors;

   (c) Testifying at any hearings and/or trials as is determined to
be necessary; and

   (d) Performing other accounting and financial consulting
services to the Debtors in connection with the Chapter 11 cases.

Compensation will be payable to Lain Faulkner on an hourly basis,
plus reimbursement of actual, necessary expenses.

The 2015 standard hourly rates for the firm are:

         Category                        Hourly Rate
         --------                        -----------
         Shareholders                   $365 to $450
         CPA/Accounting Professionals   $240 to $340
         IT Professionals                   $250
         Staff Accountants              $150 to $215
         Clerical and Bookkeepers        $80 to $95

The Debtors have paid Lain Faulkner a retainer of $5,000.

Jason Rae attests that Lain Faulkner has not represented any of the
Debtors' creditors, equity security holders, or any other
parties-in-interest, in any matters relating to the Debtors and
their estates.  The Debtors believe that Lain Faulkner is a
"disinterested person" as defined in Sec. 101(14) of the Bankruptcy
Code.

                    About ProTom International

ProTom International Inc. is a medical technology focused on proton
therapy for cancer patients.  The Company and affiliate ProTom
International, LLC, have the exclusive rights to sell in the U.S.
the compact accelerators developed by Russia-based ZAO Protom and
owner Vladimir E. Balakin.  The ZAO system and technology were
lighter and cheaper than proton therapy systems then in operation
in the U.S.  This technology has been the basis on which ProTom has
developed its Radiance 330 Proton Therapy System.

ProTom International, Inc., and ProTom International, LLC, sought
Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case No.
15-32065 and 15-32066) in Dallas on May 12, 2015.  The cases are
assigned to Judge Barbara J. Houser.

The Debtors tapped Jackson Walker, LLP as counsel, and Lain,
Faulkner & Co., P.C., as accountant.

ProTom Inc. estimated $10 million to $50 million in assets and
debt.


PUC VALLEY: S&P Affirms BB Rating on 2014A/B Revenue Bonds
----------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook to negative
from stable and affirmed its 'BB' rating on California School
Finance Authority's (CSFA) educational facilities revenues bonds
series 2014A (tax-exempt) and series 2014B (taxable) issued for the
Partnerships to Uplift Communities (PUC) Valley.

"The negative outlook reflects the possibility that we could lower
the rating due to a decline in lease-adjusted maximum annual debt
service coverage by PUC in fiscal 2015 to levels not supported by
the current rating due to the additional debt taken on by the
organization," said Standard & Poor's credit analyst Debra Boyd.
"We could also lower the rating if PUC's financial performance
weakens beyond current levels or if liquidity falls to levels not
supported by the rating in fiscal 2015.

The series 2014A and 2014B bonds are PUC's second issuance of bonds
outstanding. Bond proceeds were used to finance the acquisition and
construction of a new building that will house students from
Triumph Charter Academy, Triumph High School, and Lakeview Charter
High School. The construction of the new facility was originally
anticipated to be complete in February 2015. However, the schedule
was delayed, and construction is now scheduled to be complete
before the start of the 2015-2016 academic year. The project is
also over budget by $2 million, an amount which is not covered
under the 2014 bond proceeds. To address this overage, PUC has
drawn on its line of credit and will pay the amount back under a
three-year schedule.


QUICKSILVER RESOURCES: Cites Bankruptcy for Delay in 10-Q Filing
----------------------------------------------------------------
Quicksilver Resources Inc. said it is unable to file its Quarterly
Report on Form 10-Q for the period ended March 31, 2015, with the
Securities and Exchange Commission within the prescribed period
without unreasonable effort or expense. The Company's management
and external advisors have devoted substantial attention to the
Company's reorganization efforts. As a result of the increased
burdens on the Company's financial, accounting and administrative
staff, the Company has not completed its preparation of the
financial statements for the period ended March 31, 2015 that are
required to be included in the Form 10-Q.

The Company expects to file the Form 10-Q no later than the fifth
calendar day following the prescribed due date as set forth in Rule
12b-25.  The Company anticipates that it will report significant
changes in its results of operations for its period ended March 31,
2015.  Based on the information available at this time, the Company
anticipates that the diluted loss per share for the three months
ended March 31, 2015 will be $0.69, compared to diluted loss per
share of $0.34 for the three months ended March 31, 2014.

                         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.

Quicksilver Resources Inc. and certain of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 15-10585) on March 17, 2015.
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.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

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


QUICKSILVER RESOURCES: Court Okays Richards Layton as Co-counsel
----------------------------------------------------------------
Quicksilver Resources Inc. and its debtor-affiliates sought and
obtained permission from the U.S. Bankruptcy Court for the District
of Delaware to employ Richards, Layton & Finger, P.A. as
co-counsel, nunc pro tunc to the March 17, 2015 petition date.

The Debtors require Richards Layton to:

   (a) prepare all necessary petitions, motions, applications,
       orders, reports, and papers necessary to commence the
       Chapter 11 case;

   (b) advise the Debtors of their rights, powers, and duties as
       debtors and debtors in possession under chapter 11 of the
       Bankruptcy Code;

   (c) prepare on behalf of the Debtors all motions, applications,

       answers, orders, reports, and papers in connection with the

       administration of the Debtors' bankruptcy estates;

   (d) take action to protect and preserve the Debtors' bankruptcy

       estates, including the prosecution of actions on behalf of
       the Debtors, the defense of actions commenced against the
       Debtors in the chapter 11 cases, the negotiation of
       disputes in which the Debtors are involved, and the
       preparation of objections to claims filed against the
       Debtors;

   (e) assist the Debtors with the sale of any of their assets
       pursuant to section 363 of the Bankruptcy Code;

   (f) prepare for the Debtors any disclosure statement, plan and
       any related motions, pleadings, or other documents
       necessary to solicit votes on any Chapter 11 plan;

   (g) prosecute any proposed chapter 11 plan and seek approval of

       all transactions contemplated therein and in any amendments

       thereto;

   (h) perform all other necessary legal services in connection
       with the Chapter 11 cases; and

   (i) Richards Layton may perform all other services assigned by
       the Debtors, in consultation with Akin Gump Strauss Hauer &

       Feld LLP ("Akin"), to Richards Layton as co-counsel to the
       Debtors.  To the extent Richards Layton determines that
       such services fall outside of the scope of services
       historically or generally performed by Richards Layton as
       co-counsel in a bankruptcy case, Richards Layton will file  

       a supplemental declaration.

Richards Layton will be paid at these hourly rates:

       Paul N. Heath                $650
       Michael J. Merchant          $650
       Amanda R. Steele             $425
       Rachel L. Biblo              $260
       Lindsey A. Edinger           $235
       Partners                     $585-$825
       Counsel                      $525
       Associates                   $260-$490
       Paraprofessionals            $235

Prior to the Petition Date, the Debtors paid Richards Layton a
total retainer of $169,038 (the "Retainer") in connection with and
in contemplation of these chapter 11 cases.  The Debtors propose
that the remainder of the retainer paid to Richards Layton and not
expended for prepetition services and disbursements be treated as
an evergreen retainer to be held by Richards Layton as security
throughout these chapter 11 cases until Richards Layton's fees and
expenses are awarded by final order
and payable to Richards Layton.

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

Paul N. Heath, director of Richards Layton, 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.

Richards Layton can be reached at:

       Paul N. Heath, Esq.
       RICHARDS, LAYTON & FINGER, P.A.
       One Rodney Square
       920 North King Street
       Wilmington, DE 19801
       Tel: (302) 651-7700
       Fax: (302) 651-7701

                        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.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

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


RADIOSHACK CORP: Hilco Assists in Soliciting Offers for Assets
--------------------------------------------------------------
Robert Maguire at Microcap Daily reports that Hilco Streambank, on
behalf of certain lenders, said on May 6, 2015, that it is
assisting RadioShack Corporation in soliciting offers to acquire
certain assets, which include:

      a. certain U.S and Foreign registered Trademarks;
      b. 73 active and pending patent applications;

      c. the Company's customer database including 8.5MM opt-in e-
         mail addresses;

      d. 295 registered domains, which include "RadioShack.com",
         "Tandy.com", "TheShack.com" and "Ignition.com";

      e. the Company's franchise and dealer network and
         infrastructure; and

      f. the Company's Global Sourcing Business.

Jim Bach, writing for Moneymorning.com, relates that RadioShack
stock is still trading, and has been up as much as 234% since the
Company delisted from the New York Stock Exchange then filed for
bankruptcy.

                   About RadioShack Corporation

Headquartered in Fort Worth, Texas, RadioShack (NYSE: RSH) --
http://www.radioshackcorporation.com/-- is a retailer of mobile   

technology products and services, as well as products related to
personal and home technology and power supply needs. RadioShack's
retail network includes more than 4,300 company-operated stores in
the United States, 270 company-operated stores in Mexico, and
approximately 1,000 dealer and other outlets worldwide.

RadioShack Corporation and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 15-10197) on Feb. 5, 2015. Judge
Kevin J. Carey presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul M.
Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.

David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and John H.
Schanne, II, Esq., at Pepper Hamilton LLP serve as co-counsel.
Carlin Adrianopoli at FTI Consulting, Inc., is the Debtors'
restructuring advisor. Maeva Group, LLC, is the Debtors' turnaround
advisor.  Lazard Freres & Co. LLC is the Debtors' investment
banker.  A&G Realty Partners is the Debtors' real estate advisor.
Prime Clerk is the Debtors' claims and noticing agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

Quinn Emanuel Urquhart & Sullivan, LLP and Cooley LLP represent the
Official Committee of Unsecured Creditors as co-counsel.  Houlihan
Lokey Capital, Inc., serves as financial advisor and investment
banker.


RESEARCH SOLUTIONS: Lowers Net Loss to $1,800 in First Quarter
--------------------------------------------------------------
Research Solutions, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1,800 million on $8.83 million of revenue for the three months
ended March 31, 2015, compared to a net loss of $676,000 on $6.79
million of revenue for the same period last year.

For the nine months ended March 31, 2015, the Company reported net
income of $1.05 million on $24.31 million of revenue compared to a
net loss of $1.26 million on $20.79 million of revenue for the same
period a year ago.

As of March 31, 2015, Research Solutions had $8.25 million in total
assets, $7.39 million in total liabilities and $866,194 in total
stockholders' equity.

As of March 31, 2015, the Company had cash and cash equivalents of
$1,373,036, compared to $1,884,667 as of June 30, 2014, a decrease
of $511,631. This decrease was roughly evenly distributed between
cash used in discontinued operations, operating activities from
continuing operations, investing activities from continuing
operations, financing activities from continuing operations, and
effect of exchange rate changes.

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

                        http://is.gd/lftBsw

                      About Research Solutions

Research Solutions, Inc. provides research information services
and software to research-intensive industries in the Life Sciences
and other fields.  The Encino, California-based Company delivers
copyrighted copies of published content, including articles from
published journals, to content users in hard copy or electronic
form.

The Company reported a net loss of $1.87 million for the fiscal
year ended June 30, 2014, compared with net income of $192,000 for
the year ended June 30, 2013.


RESTAURANT BRANDS: S&P Affirms 'B+' CCR & Rates Secured Notes 'B+'
------------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit rating on Restaurant Brands International Inc. (RBI). The
outlook is stable. At the same time, Standard & Poor's assigned its
'B+' issue-level rating to subsidiary 1011778 B.C. ULC's US$1.25
billion first-lien senior secured notes with a recovery rating of
'3', reflecting the expectation of meaningful (50%-70%, at the high
end of the scale) recovery in the event of default.

The issue-level ratings on subsidiary 1011778 B.C.'s debt,
including the 'B+' rating on the first-lien debt, and 'B-' rating
on the second-lien debt, are unchanged. The '3' and '6' recovery
ratings on the first- and second-lien debt, respectively, are also
unchanged, and represent meaningful and negligible (0%-10%)
recovery, respectively, in a default scenario.

The affirmation reflects S&P's updated view of RBI's proposed
capital structure, incorporating some debt reduction since the
company was created in December 2014 to combine Burger King
Worldwide Inc. and Tim Hortons Inc. "After giving effect to the
proposed refinancing, the company's credit measures are consistent
with our expectations to date, and we believe that key profit
drivers support improving credit measures during our 12-24 month
rating horizon," said Standard & Poor's credit analyst Donald
Marleau.

S&P said, "We estimate that the refinancing will reduce interest
expense US$50 million per year.

"We believe the combination of the Burger King and Tim Hortons
brands supports our view of RBI's "satisfactory" business risk
profile, considering each brand's strong growth prospects. Tim
Hortons has a solid position in the Canadian quick service
restaurant industry, particularly in the coffee and breakfast
segments. It has a long history of same-store sales growth and a
good track record of restaurant expansion in its markets, namely
Canada and U.S. border states. We also expect Burger King to
sustain its good market position and expand its brand mainly in
international markets. Moreover, we expect that franchise fees will
generate a growing percentage of Tim Hortons' revenues, likely
leading to reduced capital spending.

"The stable outlook reflects our expectation that credit measures
should improve with stronger earnings and solid free cash in the
next year.  Incorporating our assumptions that both Burger King and
Tim Hortons will improve profits from restaurant growth and
moderate increases in same-store sales, we estimate that RBI will
improve fully adjusted debt leverage to about 6x in 2016, while
maintaining EBTIDA interest coverage of about 4x.

"We could raise the rating if adjusted leverage were below 5x. We
believe this is unlikely in the next year, but the company's
stronger earnings and good cash conversion should enable it to pay
down debt over the next two years.

"We could lower the rating if weaker earnings contributed to EBITDA
interest coverage approaching 2x, which we believe could occur if
RBI severely misses our profit growth and free cash flow
assumptions for 2015 because of tepid restaurant growth or negative
same-store sales growth."


RETROPHIN INC: Swings to $39.6 Million Net Income in First Quarter
------------------------------------------------------------------
Retrophin, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing net income of $39.7
million on $17.4 million of net product sales for the three months
ended March 31, 2015, compared to a net loss of $75.7 million on
$27,900 of net product sales for the same period in 2014.

As of March 31, 2015, the Company had $416 million in total assets,
$247 million in total liabilities and $169 million in total
stockholders' equity.

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

                       http://is.gd/A6l6dg

                         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 in 2014 following a
net loss of $34.6 million in 2013.

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.


SABINE OIL: Widens Net Loss to $284 Million in First Quarter
------------------------------------------------------------
Sabine Oil & Gas Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $284 million on $98.0 million of total revenues for the three
months ended March 31, 2015, compared to a net loss of $1.68
million on $113 million of total revenues for the same period a
year ago.

As of March 31, 2015, the Company had $2.58 billion in total
assets, $2.93 billion in total liabilities, and a $348 million
total shareholders' deficit.

"We achieved a 17% increase in Adjusted EBITDA and a 65% increase
in average daily output over the first quarter of last year," said
David Sambrooks, chairman, president and chief executive officer.
"Our 15 completions during the first quarter of 2015 collectively
achieved an average IP30 of over 1,300 BOEPD.  During the first
quarter of 2015 we reduced rig activity from eight rigs at the
beginning of the quarter to two rigs at quarter exit with both of
these rigs running in East Texas.  We plan to remain at the two rig
level, with activity focused in East Texas, for next quarter.
Additionally, we remain in active discussions with our creditors
and continue to work closely with our financial and legal advisors
to explore all alternatives to improve the Company's capital
structure.  In the meantime, we continue to operate our business in
the normal course."

                         Bankruptcy Warning

The Company's borrowing base under its New Revolving Credit
Facility was subject to its semi-annual redetermination on
April 27, 2015, and was decreased to $750 million.  Since the
Company's New Revolving Credit Facility is fully drawn, the
decrease in the Company's borrowing base as a result of the
redetermination resulted in a deficiency of approximately $250
million which must be repaid in six monthly installments of $41.54
million.

Additionally, the Company has elected to exercise its right to a
grace period with respect to a $15.3 million interest payment under
its Term Loan Facility.  The interest payment was due
April 21, 2015; however, such grace period permits the Company 30
days to make such interest payment before an event of default
occurs.  The Company believes it is in the best interests of its
stakeholders to actively address the Company's debt and capital
structure and intends to continue discussions with its creditors
and their respective professionals during the 30-day grace period.
If the Company fails to pay the interest payment during the 30-day
grace period and does not obtain a waiver for the interest payment,
an event of default would exist under the Term Loan Facility and
the lenders under the Term Loan Facility would be able to
accelerate the debt.  However, the lenders would not be able to
foreclose on the collateral securing the Term Loan Facility until
after the expiration of the 180-day standstill.  If the Company
continues to fail to pay the interest payment, such failure could
constitute a cross default under certain of the Company's other
indebtedness.  If the indebtedness under the Term Loan Facility or
any of the Company's other indebtedness is accelerated, the Company
said it may have to file for bankruptcy.

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

                        http://is.gd/CRnYGy

                            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/     

Sabine Oil reported a net loss including non-controlling interests
of $327 million in 2014, compared with net income including
non-controlling interests of $10.6 million in 2013.

Deloittee & Touche LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the uncertainty associated with
the Company's ability to repay its outstanding debt obligations as
they become due raises substantial doubt about its ability to
continue as a going concern.
     
                            *    *    *

As reported by the TCR on April 6, 2015, Moody's Investors Service
downgraded Sabine Oil & Gas Corporation's Corporate Family Rating
to Caa3 from Caa1.  The rating action was prompted by SOGC's
disclosure on March 31, 2015, that it is in default under its
revolving credit facility and second lien term loan as a result of
a going concern qualification related to its Dec. 31, 2014, audited
financial statements.

The TCR reported on April 24, 2015, that Standard & Poor's Ratings
Services, lowered its corporate credit on Sabine Oil & Gas Corp. to
'D' from 'CCC'.  "The downgrade reflects the company's decision not
to pay approximately $15.3 million in interest that was due on
April 21, 2015, on its second-lien term loan," said Standard &
Poor's credit analyst Ben Tsocanos.


SANDERS COMMERCIAL: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Sanders Commercial Properties, LLC
        P.O. Box 76
        Jackson, MS 39205-0076

Case No.: 15-01560

Chapter 11 Petition Date: May 13, 2015

Court: United States Bankruptcy Court
       Southern District of Mississippi
      (Jackson-3 Divisional Office)

Judge: Hon. Neil P. Olack

Debtor's Counsel: Craig M. Geno, Esq.
                  LAW OFFICES OF CRAIG M. GENO, PLLC
                  587 Highland Colony Pkwy.
                  Ridgeland, MS 39157
                  Tel: 601 427-0048
                  Fax: 601-427-0050
                  Email: cmgeno@cmgenolaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David R. Sanders, member/registered
agent.

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


SB PARTNERS: Incurs $140,700 Net Loss in First Quarter
------------------------------------------------------
SB Partners filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $140,700 on
$248,000 of total revenues for the three months ended March 31,
2015, compared to a net loss of $284,000 on $228,000 of total
revenues for the same period a year ago.

As of March 31, 2015, the Company had $17.3 million in total
assets, $23.2 million in total liabilities, and a $5.91 million
total partners' deficit.

As of March 31, 2015, SB Partners had cash and cash equivalents of
approximately $938,000.  These balances are approximately $5,000
higher than cash and cash equivalents held on Dec. 31, 2014.  Cash
and cash equivalents increased during the three months ended
March 31, 2015, due to cash flow generated from operating
activities at the Company's two wholly owned properties partially
offset by interest and principal payments on its bank loan and
partnership expenses.

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

                         http://is.gd/wZRNpF

                           About SB Partners

Milford, Conn.-based SB Partners is a New York limited partnership
engaged in acquiring, operating and holding for investment a
varying portfolio of real estate interests.  As of June 30,
2010, the partnership owns an industrial flex property in Maple
Grove, Minnesota and warehouse distribution centers in Lino Lakes,
Minnesota and Naperville, Illinois.

SB Partners reported a net loss of $875,000 on $1.08 million of
total revenues for the year ended Dec. 31, 2014, compared to a net
loss of $1.1 million on $896,000 of total revenues for the year
ended Dec. 31, 2013.


SIGA TECHNOLOGIES: Posts $7.15M Net Loss for March 31 Quarter
-------------------------------------------------------------
SIGA Technologies, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q for the quarterly
period ended March 31, 2015.

SIGA Technologies earned $1.19 million in revenue from research and
development for the three months ended March 31, 2015.  For the
same period in 2014, SIGA posted $549,000 in revenue from research
and development.

SIGA Technologies said net loss was $7.15 million for the three
months ended March 31, 2015.  For the same period in 2014, net loss
was $3.38 million.

At March 31, 2015, SIGA had total assets of $173 million and total
liabilities of $426 million.

A copy of the Form 10-Q report is available at http://is.gd/pwMNgz

                        About SIGA Technologies

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

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

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

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

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

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


SILVERADO STREET: US Trustee to Continue Creditors Meeting in June
------------------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of Silverado
Street, LLC will continue the meeting of creditors on June 16,
2015, at 9:00 a.m.

The meeting will be held at Emerald Plaza Building, Suite 660 (B),
Hearing Room B, 402 W. Broadway, in San Diego, California.

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

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

                      About Silverado Street

Silverado Street, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Cal. Case No. 14-09543) on Dec. 9, 2014, disclosing
$11.3 million in total liabilities and total assets of $21.8
million.  The petition was signed by Amr Aljassim, the managing
member.  James Lee, Esq., at Legal Offices of James J. Lee, serves
as the Debtor's counsel.  Judge Christopher B. Latham presides over
the case.

The U.S. trustee wasn't able to form a committee to represent the
company's unsecured creditors due to an insufficient number of
unsecured creditors.


STANDARD REGISTER: Court Approves Sale of Property for $2.2-Mil.
----------------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
Standard Register's motion for an order (i) authorizing the private
sale of property with a purchase price of $2.2 million, free and
clear of liens, claims, encumbrances and other interests; (ii)
approving the purchase agreement and (iii) granting related relief.


According to BData, "[t]he escrow money deposit requires that the
purchaser will deposit $50,000 with Mercantile Title Agency. At the
close of escrow, a brokerage fee equal to 4% of the purchase price
will be paid out of escrow to the broker....As a result of the
Purchaser's interest in the Property, and its willingness to
provide fair and reasonable consideration based on that interest,
the Debtors believe that their estates and creditors would benefit
from the approval of the Sale without the added time, energy, and
expenses associated with a public auction. Moreover, the Debtors'
estates will benefit by closing the Sale as soon as possible in
order to pay down a portion of their secured obligations and
dispose of a property that is not generating any
revenue....Promptly closing the Sale is of critical importance to
the Purchaser and to the Debtors' efforts to preserve and maximize
the value of their estates through, among other things, reducing
their secured debt obligations and disposing of a property that is
a burden and not generating any revenue."

                     About Standard Register

Standard Register -- http://www.standardregister.com/-- provides  

market-specific insights and a compelling portfolio of
workflow,content and analytics solutions to address the changing
business landscape in healthcare, financial services,
manufacturing
and retail markets.  The Company has operations in all U.S. states
and Puerto Rico, and currently employs 3,500 full-time employees
and 16 part-time employees.

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware on March 12, 2015, with plans to
launch a sale process where its largest secured lender would serve
as stalking horse bidder in an auction.

The cases are pending before the Honorable Judge Brendan L.
Shannon
and are jointly administered under Case No. 15-10541.

The Debtors have tapped Gibson, Dunn & Crutcher LLP and Young
Conaway Stargatt & Taylor LLP as counsel; McKinsey Recovery &
Transformation Services U.S., LLC, as restructuring advisors; and
Prime Clerk LLC as claims agent.


STELLAR BIOTECHNOLOGIES: Posts $426,000 Net Loss in 2nd Quarter
---------------------------------------------------------------
Stellar Biotechnologies, Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $426,000 on $188,000 of revenues for the three months
ended March 31, 2015, compared to a net loss of $1.43 million on
$114,000 of revenues for the same period in 2014.

For the six months ended March 31, 2015, the Company reported a net
loss of $1.76 million on $400,000 of revenues compared to a net
loss of $7.01 million on $173,000 of revenues for the same period
last year.

As of March 31, 2015, the Company had $11.8 million in total
assets, $2.90 million in total liabilities, and $8.92 million int
total shareholders' equity.

"Stellar is pleased to issue this mid-year report which shows
increased demand for our products, continued financial prudence,
and the positive effect of continued focus on our core KLH
business," said Frank Oakes, president and chief executive officer
of Stellar Biotechnologies, Inc.  "As KLH-based technologies
advance through clinical development, we are excited to be in this
strong position as the opportunities in the KLH market continue to
grow."

Cash and cash equivalents as of March 31, 2015, were $11.1 million,
compared to $13.8 million at Sept. 30, 2014.

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

                        http://is.gd/qcF8BZ

                           About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

Stellar Biotechnologies reported a net loss of $8.43 million on
$372,132 of total revenues for the year ended Aug. 31, 2014,
compared to a net loss of $14.5 million on $545,000 of total
revenues for the year ended Aug. 31, 2013.  The Company also
reported a net loss of $5.52 million for the year ended Aug. 31,
2012.


UNI-PIXEL INC: Issues 430,000 Common Shares to Settle Litigation
----------------------------------------------------------------
Uni-Pixel, Inc., disclosed in a regulatory filing with the
Securities and Exchange Commission that it issued 430,000 shares of
its common stock, $0.001 par value, in settlement of the class
action litigation titled "Charles J. Fitzpatrick, individually and
on behalf of all others similarly situated v. Uni-Pixel, Inc., Reed
Killion and Jeffrey W. Tomz", Case No. 4:13-cv-01649 in the United
States District Court, Southern District of Texas (Houston
Division) pursuant to the terms of a Stipulation and Agreement of
Settlement approved by the Court on April 30, 2015.  

The Company relied on Section 3(a)(10) of the Securities Act of
1933 to issue the common stock, inasmuch as the issuance of the
common stock is in exchange for the settlement of alleged claims
and has been approved by the Court after a hearing upon the
fairness of the settlement at which all parties had a right to
appear.

                        About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company       

delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel incurred a net loss of $25.7 million in 2014, a net loss
of $15.2 million in 2013 and a net loss of $9.01 million in 2012.

As of March 31, 2015, Uni-Pixel had $30.36 million in total assets,
$7.69 million in total liabilities and $22.67 million in total
shareholders' equity.


UNI-PIXEL INC: Shareholders Elect 8 Directors
---------------------------------------------
Uni-Pixel, Inc. held its 2015 annual meeting of shareholders
on May 12, 2015, at which the shareholders:

  (1) elected Jeff A. Hawthorne, Bernard T. Marren, Carl J.
      Yankowski, Bruce I. Berkoff, Ross A. Young, William Wayne
      Patterson, Anthony J. LeVecchio and Malcolm J. Thompson
      to the Board of Directors;

  (2) approved, on an advisory basis, the compensation of the
      Company's named executive officers;

  (3) ratified the appointment of PMB Helin Donovan as the
      Company's independent registered public accounting firm for
      the year ending Dec. 31, 2015; and

   (4) approved an amendment to the 2011 Stock Incentive Plan.

                        About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company       

delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel incurred a net loss of $25.7 million in 2014, a net loss
of $15.2 million in 2013 and a net loss of $9.01 million in 2012.

As of March 31, 2015, Uni-Pixel had $30.36 million in total assets,
$7.69 million in total liabilities and $22.67 million in total
shareholders' equity.


UNIVERSAL COOPERATIVES: Wants Admin. Claims Filing Date Set
-----------------------------------------------------------
Universal Cooperatives, Inc., et al., ask the U.S. Bankruptcy Court
for the District of Delaware to fix a deadline for filing of
requests for allowance of administrative expense claims that arose
on or before April 30, 2015.

According to the Debtors, in anticipation of filing a Chapter 11
plan of liquidation, and to facilitate making distributions to
holders of allowed claims under that plan, it is important to
identify the amounts of and bases for administrative expense claims
that arose during the period the Debtors were operating as going
concerns as well as during the period the Debtors were winding down
their residual operations, other than those that have been paid in
the ordinary course of business.

The hearing on the motion is set for May 20, 2015, at 10:30 a.m.  
The Debtors are represented by:

         Robert S. Brady, Esq.
         Andrew L. Magaziner, Esq.
         Travis G. Buchanan, Esq.
         YOUNG CONAWAY STARGATT & TAYLOR, LLP
         Rodney Square, 1000 North King Street
         Wilmington, DE 19801
         Tel: (302) 571-6600
         Fax: (302) 571-1253
         Email: rbrady@ycst.com
                amagaziner@ycst.com
                tbuchanan@ycst.com

            -- and --

         Mark L. Prager, Esq.
         Michael J. Small, Esq.
         Emil P. Khatchatourian, Esq.
         FOLEY & LARDNER LLP
         321 North Clark Street, Suite 2800
         Chicago, IL 60654-5313
         Tel: (312) 832-4500
         Fax: (312) 832-4700
         Email: mprager@foley.com
                mprager@foley.com
                ekhatchatourian@foley.com

                About Universal Cooperatives

As an inter-regional farm supply cooperative, Universal
Cooperatives, Inc. consolidates the purchasing power of its
members
to procure, and/or manufacture, and distribute high quality
products at competitive prices. Universal has 14 voting members
and
over 50 associate members.

Eagan, Minnesota-based Universal Cooperatives and its affiliates
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
14-11187) on May 11, 2014.  The debtor-affiliates are Heritage
Trading Company, LLC; Bridon Cordage LLC; Universal Crop
Protection
Alliance, LLC; Agrilon International, LLC; and Pavalon, Inc.  UCI
do Brasil, a majority-owned subsidiary located in Brazil, is not a
debtor in the Chapter 11 cases.

The cases are assigned to Judge Mary F. Walrath.

Universal Cooperatives disclosed $12.09 million in assets and
$29.3
million in liabilities as of the Chapter 11 filing.

The Debtors have tapped Travis G. Buchanan, Esq., Robert S. Brady,
Esq., Andrew L. Magaziner, Esq., and Travis G. Buchanan, Esq., at
Young Conaway Stargatt & Taylor, LLP; and Mark L. Prager, Esq.,
Michael J. Small, Esq., and Emil P. Khatchatourian, Esq., at Foley
& Lardner LLP, as counsel; The Keystone Group, as financial
advisor
and Prime Clerk as notice and claims agent.

Bank of America, N.A., as agent for the DIP Lenders, is
represented
by Daniel J. McGuire, Edward Kosmowski, Esq., and Gregory M.
Gartland, Esq., at Winston & Strawn, LLP.

The United States Trustee for Region 3 has appointed seven members
to the Official Committee of Unsecured Creditors, which is
represented by Sharon Levine, Esq., Bruce S. Nathan, Esq., and
Timothy R. Wheeler, Esq., at Lowenstein Sandler LLP, in Roseland,
New Jersey; and Jamie L. Edmonson, Esq., and Daniel A. O'Brien,
Esq., at Venable LLP, in Wilmington, Delaware.


VERITEQ CORP: LG Capital Reports 8.9% Stake as of May 12
--------------------------------------------------------
LG Capital Funding, LLC disclosed in a Schedule 13G filed with the
Securities and Exchange Commission that as of May 12, 2015, it
beneficially owns 34,443,934 shares of common stock of VeriTeq
Corp., which represents 8.97 percent (based on the total of
[383,443,934] outstanding shares of Common Stock).  A copy of the
regulatory filing is available for free at http://is.gd/Qkj7h3

                           About VeriTeQ

VeriTeQ (formerly known as Digital Angel Corporation) develops
innovative, proprietary RFID technologies for implantable medical
device identification, and dosimeter technologies for use in
radiation therapy treatment.  VeriTeQ --
http://www.veriteqcorp.com/-- offers the world's first FDA
cleared RFID microchip technology that can be used to identify
implantable medical devices, in vivo, on demand, at the point of
care.  VeriTeQ's dosimeters provide patient safety mechanisms
while measuring and recording the dose of radiation delivered to a
patient in real time.

Veriteq reported a net loss of $3.91 million on $151,000 of sales
for the year ended Dec. 31, 2014, compared to a net loss of $18.2
million on $18,000 of sales for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, Veriteq had $1.74 million in total assets,
$8.63 million in total liabilities, $1.84 million in series D
preferred stock, and a $8.73 million total stockholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has incurred recurring
net losses, and at Dec. 31, 2014, had negative working capital and
a stockholders' deficit.  These events and conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


VERMILLION INC: Files Form 10-Q; Posts $4.1 Million Q1 Net Loss
---------------------------------------------------------------
Vermillion, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $4.13
million on $951,000 of total revenue for the three months ended
March 31, 2015, compared to a net loss of $3.98 million on $305,000
of total revenue for the same period in 2014.

As of March 31, 2015, the Company had $18.67 million in total
assets, $3.48 million in total liabilities and $15.19 million in
total stockholders' equity.

"We have incurred significant net losses and negative cash flows
from operations since inception.  At March 31, 2015, we had an
accumulated deficit of $355,610,000 and stockholders' equity of
$15,190,000.  As of March 31, 2015, we had $17,241,000 of cash and
cash equivalents and $3,485,000 of current liabilities," the
Company states in the report.

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

                        http://is.gd/sfbd9k

                         About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 09-11091) on March 30, 2009.  Vermillion's legal
advisor in connection with its successful reorganization efforts
wass Paul, Hastings, Janofsky & Walker LLP.  Vermillion emerged
from bankruptcy in January 2010.  The Plan called for the Company
to pay all claims in full and equity holders to retain control of
the Company.

Vermillion reported a net loss of $19.2 million in 2014, a net loss
of $8.81 million in 2013 and a net loss of $7.14 million in 2012.



VIRTUAL PIGGY: Incurs $3.44 Million Net Loss in First Quarter
-------------------------------------------------------------
Virtual Piggy, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $3.44 million on $4,109 of
sales for the three months ended March 31, 2015, compared to a net
loss attributable to common stockholders of $8.13 million on $425
of sales for the same period in 2014.

As of March 31, 2015, the Company had $2.64 million in total
assets, $3.88 million in total liabilities, all current, and a
$1.23 million stockholders' deficit.

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

                        http://is.gd/MtT8i0

                   About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.

Virtual Piggy reported a net loss of $9.65 million in 2014, a net
loss of $16 million in 2013 and a net loss of $12.03 million in
2012.

Morison Cogen LLP, in Bala Cynwyd, PA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's losses from
development stage activities raise substantial doubt about its
ability to continue as a going concern.


VIRTUAL PIGGY: Sells $940,000 Convertible Promissory Notes
----------------------------------------------------------
Virtual Piggy, Inc., pursuant to a securities purchase agreement,
issued $940,000 aggregate principal amount of its 10% Secured
Convertible Promissory Notes due March 6, 2016, to certain
accredited investors, according to a document filed with the
Securities and Exchange Commission.  

In addition, pursuant to the terms of the Purchase Agreement,
holders of the Company's currently outstanding 10% Secured
Convertible Promissory Notes due 2016 exchanged those Prior Secured
Notes in the original principal amount of $2 million, plus accrued
interest, for new Notes on a dollar-for-dollar basis.

The Notes are convertible by the holders, at any time, into shares
of the Company's Series B Cumulative Convertible Preferred Stock at
a conversion price of $90.00 per share, subject to adjustment for
stock splits, stock dividends and similar transactions with respect
to the Series B Preferred Stock only.  Each share of Series B
Preferred Stock is currently convertible into 100 shares of the
Company's common stock at a current conversion price of $0.90 per
share, subject to anti-dilution adjustment as described in the
Certificate of Designation of the Series B Preferred Stock.  In
addition, pursuant to the terms of a Security Agreement entered
into on May 11, 2015, by and among the Company, the Investors and a
collateral agent acting on behalf of the Investors, the Notes are
secured by a lien against substantially all of the Company's
business assets.  The liens held by holders of the Prior Secured
Notes were released.  Pursuant to the Purchase Agreement, the
Company also granted piggyback registration rights to the holders
of the Series B Preferred Stock upon a conversion of the Notes.

                 About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.

Virtual Piggy reported a net loss of $9.65 million in 2014, a net
loss of $16 million in 2013 and a net loss of $12.03 million in
2012.

Morison Cogen LLP, in Bala Cynwyd, PA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's losses from
development stage activities raise substantial doubt about its
ability to continue as a going concern.

As of March 31, 2015, the Company had $2.64 million in total
assets, $3.88 million in total liabilities, all current, and a
$1.23 million stockholders' deficit.


VUZIX CORP: Posts $5.09 Million Net Loss in First Quarter
---------------------------------------------------------
Vuzix Corporation filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $5.09
million on $809,155 of total sales for the three months ended March
31, 2015, compared to net income of $1.51 million on $798,000 of
total sales for the same period in 2014.

As of March 31, 2015, the Company had $26.2 million in total
assets, $3.06 million in total liabilities and $23.1 million in
total stockholders' equity.

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

                         http://is.gd/bLqfu9

                      About Vuzix Corporation

Vuzix -- http://www.vuzix.com/-- is a supplier of Video Eyewear
products in the consumer, commercial and entertainment markets.
The Company's products, personal display devices that offer users
a portable high quality viewing experience, provide solutions for
mobility, wearable displays and virtual and augmented reality.
Vuzix holds 33 patents and 15 additional patents pending and
numerous IP licenses in the Video Eyewear field.  Founded in 1997,
Vuzix is a public company with offices in Rochester, NY, Oxford,
UK and Tokyo, Japan.

The net loss for the year ended Dec. 31, 2014, was $7.87 million or
($0.75) per share versus a net loss of $10.1 million or ($1.69) per
share for the same period in 2013.


WAFERGEN BIO-SYSTEMS: Appoints Life Sciences Industry Veteran CEO
-----------------------------------------------------------------
WaferGen Bio-systems, Inc., announced that the Company has
appointed Rolland D. Carlson, Ph.D., president & CEO, effective May
11, 2015.  Dr. Carlson assumes this role from Ivan Trifunovich,
Ph.D., who has served as president & CEO of WaferGen since March
2012.  Dr. Trifunovich has been appointed executive chairman of
WaferGen.

"With the significant progress we have achieved with single cell
analysis, and a commercial launch on the near-term horizon, now is
the right time for this transition to occur," said Dr. Trifunovich.
"Moreover, Rollie's extensive commercial and operational
experience in the life science, molecular diagnostics, and
pharmaceuticals industries makes him the ideal fit to lead WaferGen
at this critical juncture in the Company's lifecycle.  I will work
closely with Rollie and take an active support role in shaping
WaferGen's strategic direction."

"On behalf of the Board, I would like to thank Ivan for his
dedication and important contributions to WaferGen over the past
three plus years," said Joel Kanter, lead independent director of
WaferGen's Board.  "WaferGen's business is growing and Ivan's
efforts have helped position the Company well for future success,
especially in single cell analysis, and I am pleased that we will
continue to benefit from his expertise in his new role as Executive
Chairman.  I am excited to welcome Rollie, an accomplished
commercial leader and industry executive, to WaferGen."

Dr. Carlson has substantial leadership experience from startup to
full P&L line management, sales and marketing, business and new
product development, distribution management, and international
operations.  He has a successful track record in identifying new
business opportunities, fund raising, developing customer driven
strategies, and establishing strategic alliances.

Most recently, Dr. Carlson served as president & CEO of Asuragen,
Inc., a privately-held molecular diagnostics company.  He
established company operations and developed 17 clinical products
and services with sales of over $27 million in 2013.  Also during
his tenure, Dr. Carlson successfully raised $55 million in venture
and research grant funding.  Prior to this, he served in
increasingly senior positions at Abbott Laboratories over a 20-year
period.  Dr. Carlson's various roles at Abbott included Global
General Manager and Vice President Molecular Diagnostics of Vysis,
a wholly-owned subsidiary of Abbott Laboratories.  In this
position, he had full P&L responsibility and tripled sales with a
five-fold increase in profit.  Dr. Carlson also established
strategic alliances with Genentech, Roche and Novartis.  His last
position at Abbott was Vice President, Business Development &
Licensing, Global Medical Products, where he was responsible for
M&A, licensing and divestiture of pharmaceutical products linked to
medical device technologies.

"I am pleased to join WaferGen at such an exciting time in the
Company's history," said Dr. Carlson.  "Single cell analysis has
the potential to be a truly revolutionary advancement in drug
development, and I believe WaferGen has the industry-leading
technology in this area.  I look forward to working with Ivan and
the entire WaferGen team as we prepare for the Company's commercial
launch in single cell."

Under the employment agreement, Dr. Carlson will receive an annual
base salary of $350,000 per year, and he is eligible to earn an
annual performance bonus of up to 50% of his then current base
salary in accordance with an annual incentive plan to be
established by the Company's compensation committee or the Board.

In connection with his appointment and as an inducement to join the
Company, Dr. Carlson will receive an inducement option grant to
purchase 150,000 shares of common stock.  This option vests  over a
period of three years, with one-third of the shares subject to the
option vesting on the first anniversary of the grant date, and the
remaining two-thirds of such shares vesting in equal quarterly
installments thereafter, subject to Dr. Carlson's continued
employment through each vesting date.  Dr. Carlson also will
receive an inducement restricted stock unit award covering 50,000
shares of common stock.  This restricted stock unit award vests
over a period of three years in three equal annual installments
beginning on May 29, 2016, subject to Dr. Carlson's continued
employment through each vesting date.

                     About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.

Wafergen reported a net loss attributable to common stockholders of
$10.7 million in 2014, a net loss attributable to common
stockholders of of $17.7 million in 2013 and a net loss
attributable to common stockholders of $8.97 million in 2012.


WAFERGEN BIO-SYSTEMS: Posts $4.8 Million Net Loss in First Quarter
------------------------------------------------------------------
WaferGen Bio-systems, Inc., reported a net loss of $4.8 million on
$1.14 million of total revenue for the three months ended March 31,
2015, compared to a net loss of $2.54 million on $1.4 million of
total revenue for the same period in 2014.

As of March 31, 2015, the Company had $16.49 million in total
assets, $6.47 million in total liabilities and $10.02 million in
total stockholders' equity.

"I am pleased to announce that we have launched the Early Access
Program for our single cell analysis technology, and that National
Jewish Hospital in Denver, CO, and Karolinska Institutet in Sweden,
have joined Genentech as WaferGen collaborators," said Ivan
Trifunovich, president and CEO of WaferGen.  "These diverse
partners are indicative of the broad global interest from industry
and academia in our singe cell analysis technology.  With our Early
Access Program launch underway, we now look forward to our full
commercial launch before the end of this year.  Based on our first
quarter revenues, and our outlook for the remainder of 2015, we
continue to expect full-year 2015 revenue of $8.0 - $8.5 million."

As of March 31, 2015, WaferGen had cash and equivalents of $11.2
million.

A full-text copy of the press release is available for free at:

                        http://is.gd/D55I3a

                     About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.

WaferGen reported a net loss attributable to common stockholders
of $17.7 million in 2013, following a net loss attributable to
common stockholders of $8.97 million in 2012.

SingerLewak LLP, in San Jose, California, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that the
Company has incurred operating losses and negative cash flows from
operating activities since inception which raise substantial doubt
about the Company's ability to continue as a going concern.


WAND INTERMEDIATE: $60MM Add-on No Impact on S&P's 'B+' Loan Rating
-------------------------------------------------------------------
Standard & Poor's Ratings Services said that its 'B+' issue rating
on Wand Intermediate I L.P.'s first-lien term loan due 2021 is
unchanged following the company's announcement of a $60
million add-on. "At the same time, we are revising our recovery
rating band on the first-lien term loan to '2' (lower half of the
range) from '2' (upper half of the range). The '2' recovery rating
indicates our expectation of substantial (70%-90%; lower half of
the range) recovery in the event of a default. Our 'B' corporate
credit rating and stable outlook on Wand Intermediate also remain
unchanged," said S&P.

The company will use the proceeds from this add-on to repay
outstanding borrowings under its $70 million first-lien revolving
credit facility and for general corporate purposes.

S&P said, "Our assessment of Wand's business risk profile reflects
the company's economically resilient business model. However, the
firm's aggressive expansion strategy, which entails some
integration risk, and its relatively narrow scope, scale, and
diversity (the company only conducts business in certain locales in
the U.S. and only offers collision repair services) offset this
resilience somewhat.

"Our assessment of Wand's financial risk profile is based on our
expectation that the company's leverage will remain above 5x
because it will continue to make acquisitions and face risks
associated with integrating them. This is partly offset by the
company's negative working capital position.

"We still believe that the company's track record of successfully
integrating acquired repair centers over the past several years
demonstrates its ability to move forward with its market
consolidation strategy; however, we will continue to monitor the
consolidated enterprise's performance going forward -- particularly
with respect to whether it maintains or improves its
current gross margins and whether it is generating positive free
operating cash flow (FOCF)."

RECOVERY ANALYSIS

Key analytical factors

S&P said, "We previously completed a recovery analysis and assigned
issue-level and recovery ratings on Wand Intermediate I L.P.'s
existing first-lien revolving credit facility and term loan and
second-lien term loan. The existing issue-level and recovery
ratings remain unchanged following the proposed add-on to the
first-lien term loan. Our simulated default scenario envisions a
payment default in 2018 as a result of a combination of the
following: an inability to successfully integrate acquisitions;
operational missteps that weaken the company's relationships with
key insurance carriers such that it loses its status in the direct
repair programs; increased pressure from insurance companies to
further reduce the prices of aftermarket and replacement parts; and
new regulatory or legal requirements (for example, the National
Stolen Passenger Motor Vehicle Information System) that result in
increased compliance costs or decreased product demand. Other key
assumptions include: an increase in LIBOR to 250 basis points
(bps); a fully drawn $70 million revolving credit facility at
default to reflect the possibility of drawdowns for ongoing
acquisitions (consistent with historical usage under the revolver);
a 125 bps increase in the margin on the first-lien credit
facilities as a result of credit deterioration; and all debt
outstanding at default includes six months of accrued interest."

Simulated default assumptions
Year of default: 2018
EBITDA at emergence: $55 million
Implied enterprise value multiple: 6.0x
Simplified waterfall
Gross enterprise value: $330 million
Administrative expenses: $17 million
Net enterprise value: $314 million
Valuation split (obligors/nonobligors): 100%/0%
Priority claims: $1 million
Collateral value available to secured creditors: $312 million
Secured first-lien debt: $398 million
-- Recovery expectations: 70%-90% (lower half of the range)
Secured second-lien debt: $136 million
-- Recovery expectations: 0%-10%

RATINGS LIST

Wand Intermediate I L.P.
Corporate Credit Rating                   B/Stable/--

Ratings Unchanged

Wand Intermediate I L.P.
Senior Secured
  $335 mil. First-lien term loan due 2021  B+
   Recovery rating                         2L


WET SEAL: Needs Until Aug. 13 to File Liquidation Plan
------------------------------------------------------
Seal123, Inc., f/k/a The Wet Seal, Inc., and its debtor affiliates
ask the U.S. Bankruptcy Court for the District of Delaware to
extend the exclusive period for the filing of a Chapter 11 plan of
liquidation through and including Aug. 13, 2015, and the
solicitation of acceptances of the plan through and including Oct.
12, 2015.

According to Travis G. Buchanan, Esq., at Young Conaway Stargatt &
Taylor, LLP, in Wilmington, Delaware, the Debtors, the Official
Committee of Unsecured Creditors, and Mador Lending, LLC,
("Buyer"), are currently exchanging drafts of the Chapter 11 plan
of liquidation.  The plan is subject to the Buyer's reasonable
approval under its asset purchase agreement and its related letter
agreement with the Debtors and the Committee.

                        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.  The Wet
Seal, Inc., disclosed $215,254,952 in assets and $60,598,968 in
liabilities as of the Chapter 11 filing.

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 original DIP lender and plan sponsor, is represented
by Van C. Durrer, II, Esq., at Skadden, Arps, Slate, Meagher &
Flom
LLP.

Versa Capital Management, LLC, and its affiliate, Mador Lending,
LLC, which was selected as the successful bidder at an auction, is
being advised by Greenberg Traurig LLP, Klehr Harrison Harvey
Branzburg LLP, and KPMG LLP.  

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors.  The Committee retained Pachulski Stang Ziehl & Jones
LLP as its counsel and Province Inc. as its financial advisor.

The Wet Seal, Inc., changed its name to "Seal123, Inc." on April
17, 2015, in accordance with the Asset Purchase Agreement with
Mador Lending, LLC, an affiliate of Versa Capital Management, LLC
as buyer.


WIDEOPENWEST FINANCE: S&P Keeps Rating on CreditWatch Negative
--------------------------------------------------------------
Standard & Poor's Ratings Services said it kept all ratings on
Englewood, Colo.-based WideOpenWest Finance LLC (WOW) on
CreditWatch, where it placed them with negative implications on
April 8, 2015, following the company's announcement that it plans
to re-price its term loan B and term loan B-1, while using the
proceeds from recent asset sales to pay down around $150 million of
senior secured debt and revise existing covenants.

"We expect to resolve the CreditWatch placement, and affirm the
ratings on WOW, including the 'B' corporate credit rating, if the
transaction closes and the company has repaid the debt," said
Standard & Poor's credit analyst Eric Nietsch.

The proposed transaction provides some clarity around the use of
proceeds from the sale of its South Dakota systems. S&P expects the
repayment of $150 million of debt will reduce leverage to around
6.9x in 2015 from 8.0x in 2014. Moreover, the company initiated
some cost reduction initiatives, including a 10% workforce
reduction and improved efficiency in the deployment of truck rolls
to customers. S&P also believes that one-time integration and
restructuring expenses related to acquisitions and asset sales
should decline substantially, which contributed to lower EBITDA and
higher leverage in 2014.

"As such, we expect that leverage will remain below 7.5x over the
next few years."

S&P said, "We will review the terms of the transaction when they
are available and will resolve the CreditWatch when the transaction
is completed. If the company is successful in the re-pricing and
subsequent debt pay-down, we would expect to affirm the ratings
when the transaction closes. In contrast, if the company is not
able to complete the transaction and repay debt, we could either
affirm or lower the ratings on the company by one notch."


WILLIAM PARTNERS: S&P Affirms BB+ Corp. Credit Rating
-----------------------------------------------------
U.S. midstream energy company The Williams Companies Inc. (WMB) has
announced that it intends to acquire all of the outstanding equity
securities of master limited partnership Williams Partners L.P.
(WPZ) for a total transaction value of $13 billion.  All
outstanding WMB and WPZ debt will be cross-guaranteed to establish
a single creditor class of senior unsecured debt that ranks pari
passu.  

Standard & Poor's Ratings Services affirmed its 'BBB' long term
corporate credit ratings and 'A-2' short-term rating on Williams
Partners L.P., and maintained the stable outlook.

Other rating actions associated with the announcement include:

  -- S&P affirmed our 'BB+' corporate credit and senior unsecured
     debt ratings on WMB and placed them on CreditWatch with   
     positive implications. The '3' recovery rating is unchanged
     indicating meaningful (50%-70%; upper end of the range) in
     the event of a default.

  -- S&P affirmed the 'BBB' corporate credit ratings on operating  

     subsidiaries Northwest Pipeline LLC and Transcontinental Gas
     Pipe Line Co. LLC. The outlook on both companies is stable.

"The ratings affirmation on WPZ reflects our view that the benefits
to creditors of a combined Williams group are offset by higher
consolidated leverage, but still lower than our downgrade trigger
of forecast debt to EBITDA of 4.5x," said Standard & Poor's credit
analyst Nora Pickens. "Challenging commodity prices and operating
setbacks related to Geismar have led to somewhat elevated leverage
at WPZ and the proposed acquisition further
erodes the cushion in our forecast ratios," she added.  

"Pro forma for the transaction, we continue to view Williams'
business risk as "strong" given that the company's asset profile
will remain largely unchanged.Key credit strengths include cash
flow that is mainly fee-based (about 90%) and a dominant midstream
energy operating position across a number of shale plays. These
benefits are partly offset by commodity and volume risk associated
with Williams' gathering and processing segment. We assess
Williams' pro forma financial risk profile to be "significant." We
view WPZ's combined pro forma liquidity as "adequate."

"The placement of WMB on CreditWatch with positive implications,
reflects our expectation that we will raise its ratings in line
with those of existing WPZ's ratings. We expect to resolve the
CreditWatch placement once we have better insight into the
transaction's timing and final terms.

"The stable rating outlook on WPZ reflects our view that the pro
forma company will maintain adequate liquidity, fund its sizable
organic spending program in a disciplined manner, and have total
debt to EBITDA in the upper 4x area during the next 12 months. We
expect the company's leverage to improve to the low-4x area by 2017
as the company issues equity as appropriate to fund its growth
initiatives and it realizes EBITDA from its growing joint ventures
and various fee-based organic projects.

"We could lower our rating on WPZ if we expect debt to EBITDA to
remain above 4.5x in 2017. This could happen if the company doesn't
execute its growth initiatives according to our expectations, or if
management funds its growth initiatives with more debt than we
expect."

Higher ratings are unlikely without increased business diversity,
consistent dividend coverage of at least 1.2x and a notably more
conservative financial policy.


WILLIAMS COMPANIES: Fitch Affirms 'BB' Jr. Debentures Ratings
-------------------------------------------------------------
Fitch Ratings has placed the ratings for The Williams Companies,
Inc. (WMB) on Rating Watch Positive. WMB's Issuer Default Rating
(IDR) and senior unsecured ratings are 'BBB-'. The IDR and senior
unsecured ratings for Williams Partners L.P. (WPZ) are affirmed at
'BBB'. Fitch has also affirmed the senior unsecured 'BBB' rating
for Williams Partners Finance Corporation (WPFC). WPZ's pipeline
subsidiaries, Northwest Pipeline LLC (NWP), and Transcontinental
Gas Pipe Line Company, LLC (TGPL) are affirmed at 'BBB+'. The
Outlooks for WPZ, NWP and TGPL have been revised to Stable from
Negative.

Approximately $22.5 billion of debt is affected.

These rating actions follow WMB's announcement that it will acquire
all of the outstanding shares of WPZ. Fitch expects to consolidate
the ratings of WMB and WPZ once the transaction is completed and
WMB has placed cross guarantees between WMB and WPZ.

Once the transaction is consummated, Fitch expects to upgrade WMB's
IDR and senior unsecured ratings one notch to 'BBB'. The junior
subordinated convertibles are expected to be upgraded one notch to
'BB+'. The Outlooks for WPZ and its two pipeline subsidiaries have
been revised to Stable based on Fitch's expectations that the
transaction closes as expected. Should the closing not occur, Fitch
would most likely revise the Outlooks to Negative.

Under the proposed transaction, WPZ unitholders will receive 1.115
WMB shares for each WPZ unit. The deal is taxable to WPZ
unitholders and is valued at approximately $32 billion including
$13.7 billion of WMB equity to be issued and $17.9 billion in
assumed debt.

The merger is subject to regulatory approvals and a shareholder
vote. Fitch will resolve the rating watch at or near merger
completion which is expected to occur in the third quarter of
2015.

KEY RATING DRIVERS

The transaction was largely motivated by WMB's strategy to operate
with a lower cost of capital and favorable tax benefits. With WPZ's
common units yielding 7.2%, plus incentive distribution rights paid
to its general partner, WMB, its equity cost of capital became much
more expensive versus WMB. While master limited partnerships (MLPs)
have the benefit of being tax pass through entities, WMB does not
expect to pay cash taxes over the next several years, therefore,
WPZ's favorable tax position was the same as WMB's. WMB now expects
to see substantial tax benefits for the next 15 years since the
acquisition will create a step up in its asset value. Even prior to
the transaction, WMB did not expect to be a cash tax payer through
2017. Today's announcement significantly extends WMB's favorable
cash tax position.

In addition, WMB will have the financial ability to raise dividends
from its prior guidance. The company now expects dividends to grow
between 10%-15% annually through 2020.

With the elimination of the MLP and the cross guarantees in place,
structural subordination between WPZ and WMB will be alleviated.
All of the operating cash flow from assets at WPZ will be available
to WMB to fund operations, reduce debt or pay dividends. WMB is
expected to remain structurally subordinate to debt at Transco and
Northwest Pipeline.

Fitch expects the transaction to result in stronger credit ratios
for WMB. Consolidated leverage at WMB has been high which
previously prompted Fitch to assign a Negative Outlook in January
2015. Unadjusted consolidated leverage at the end of the first
quarter 2015 was 7.5x, unchanged from 2014 yearend leverage. Fitch
notes this calculation does not adjust for the acquisition of the
remaining 50% stake in Access Midstream Partners which closed in
February 2015. With the proposed transaction, Fitch expects
leverage of over 5.0x at the end of 2015. With expectations for
EBITDA growth in 2016 as several large organic projects come on
line, Fitch forecasts leverage to be below 4.5x.

Additionally, WMB's ratings are supported by the benefits of the
Access Midstream Partners acquisition by WPZ and ongoing organic
growth projects which continue to increase the scale and diversity
of its operations. Going forward, WMB's relative exposure to
volatile natural gas liquids (NGL) prices should be lower (on a
percentage basis) due to the build-out of fee-based pipeline and
midstream facilities in the Marcellus and Utica production,
providing for increased stability in earnings and cash flow.

KEY ASSUMPTIONS

  -- EBITDA in 2016 at or near management's expectations of $5.4
     billion;

  -- Fitch assumes the transaction will close as currently
     proposed including cross guarantees being put in place
     between WMB and WPZ;

  -- It is assumed that WMB will establish its own sizeable
     revolving credit facility which will provide sufficient
     liquidity;

  -- Fitch also assumes WMB will balance funding with a
     combination of debt and equity in a manner which protects the

     balance sheet and keeps long term leverage at or below 4.5x.

RATING SENSITIVITIES

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

WMB

  -- Fitch expects to raise the ratings one notch at or near the
     closure of the proposed transaction;

  -- Once WMB is rated 'BBB', Fitch believes it is unlikely to see

     additional favorable rating action within the next three
     years;

  -- Actual or expected leverage (defined as debt to adjusted
     EBITDA) below 4.0x on a sustained basis, could lead to a
     positive ratings action.

WPZ, TGPL, NWP and WPFC

  -- Favorable actions would be directly linked to positive
     ratings action at WMB.

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

WMB

  -- Increasing commodity risk;

  -- Weaker credit metrics with sustained leverage for 2016 and
     beyond above 4.5x.

WPZ, TGPL, NWP and WPFC

-- Negative actions would be directly linked to WMB.

Fitch has placed the following ratings on Rating Watch Positive:

The Williams Companies, Inc.

  -- IDR at 'BBB-';

  -- Senior unsecured debt at 'BBB-';

  -- Junior subordinated convertible debentures at 'BB'.

Fitch has affirmed the following ratings and revised all Outlooks
to Stable from Negative:

Williams Partners L.P.

  -- IDR at 'BBB';

  -- Senior unsecured debt at 'BBB';

  -- Short-term IDR and CP at 'F2'.

Williams Partners Finance Corporation

  -- Senior unsecured debt at 'BBB'.

Transcontinental Gas Pipe Line Company, LLC

  -- IDR at 'BBB+';

  -- Senior unsecured debt at 'BBB+'.

Northwest Pipeline LLC

  -- IDR at 'BBB+';

  -- Senior unsecured debt at 'BBB+'.



XRPRO BIOSCIENCES: Amends 2.1 Million Shares Resale Prospectus
--------------------------------------------------------------
XRpro Biosciences, Inc. has amended its Form S-1 registration
statement relating to the resale by Susan M. Allen Trust, John R.
Bertsch Trust, Michael Dunham, et al., of up to 2,069,525 shares of
the Company's common stock, of which 1,555,602 shares of common
stock are currently outstanding shares of its common stock, $0.001
par value, 388,923 shares are shares of Common Stock issuable upon
exercise of warrants issued in our private placement and 125,000
shares are issuable upon exercise of warrants and options issued to
consultants for consulting services.

The Common Shares and Private Placement Warrants were acquired by
the Selling Stockholders in connection with a private placement
offering that was completed in December 2014 and January 2015.  The
Consultant Warrants and Options were issued as compensation to
consultants.  The Company is registering the resale of the Shares
as required by contractual obligations that the Company has with
each of the Selling Stockholders.

The selling shareholders will sell at a price of $3.50 per share
until the Company's shares are quoted in the OTCQB marketplace of
OTC Link and thereafter at prevailing market prices or privately
negotiated prices.

The Company is in the process of applying to have its Common Stock
quoted on the OTCQB.

The Company will not receive any of the proceeds from the Shares
sold by the Selling Stockholders.  However, the Company will
receive net proceeds of any warrants or options exercised (unless
the warrants or options are exercised on a cashless basis.)
  
A full-text copy of the Form S-1/A is available for free at:

                         http://is.gd/lrvJx4

                     About XRpro Sciences, Inc.

XRpro Sciences, Inc., formerly known as Caldera Pharmaceuticals
Inc. -- http://www.xrpro.com/-- provides a unique platform for
drug discovery and development services featuring high throughput
screening of ion channel assays for the pharmaceutical industry.
The Company's proprietary advances in X-ray fluorescence provide
measurements that would otherwise be difficult or impossible
applying other readily available technologies.  XRpro technology
directly measures the activity of a drug target, without the need
for costly and artifact-causing chemical dyes or radiolabels.

XRPro Sciences reported a net loss applicable to common stock of
$569,000 in 2014 following a net loss applicable to common stock of
$5.88 million in 2013.

As of Dec. 31, 2014, XRPro had $7.63 million in total assets, $2.49
million in total liabilities, $133,000 in convertible redeemable
preferred stock, and $5 million in total stockholders' equity.


YRC WORLDWIDE: Marc Lasry Reports 22.2% Stake as of March 31
------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Marc Lasry and his affiliates disclosed that as of
March 31, 2015, they beneficially own 7,273,125 shares of common
stock of YRC Worldwide, which represents 22.2 percent based upon
32,752,973 shares of Common Stock outstanding as of April 24, 2015.
A copy of the regulatory filing is available for free at:

                        http://is.gd/6liQCi

                        About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers
its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

YRC Worldwide reported a net loss attributable to common
shareholders of $85.8 million in 2014, a net loss attributable to
common shareholders of $83.6 million in 2013 and a net loss
attributable to common shareholders of $140.4 million in 2012.

As of March 31, 2015, the Company had $1.96 billion in total
assets, $2.44 billion in total liabilities, and a $480 million
total shareholders' deficit.

                            *    *    *

As reported by the TCR on Feb. 18, 2014, Moody's Investors Service
had upgraded the Corporate Family Rating for YRC Worldwide Inc.
("YRCW") from Caa3 to B3, following the successful closing of its
refinancing transactions.

In the Jan. 31, 2014, edition of the TCR, Standard & Poor's
Ratings Services said that it raised its ratings on Overland Park,
Kansas-based less-than-truckload (LTL) trucker YRC Worldwide Inc.
(YRCW), including the corporate credit rating to 'CCC+' from
'CCC', and removed them from CreditWatch negative, where they were
placed on Jan. 10, 2014.  "The upgrades reflect YRCW's improved
liquidity position and minimal debt maturities as a result of its
proposed refinancing," said Standard & Poor's credit analyst Anita
Ogbara.


[*] Ex-Kilpatrick Real Estate Finance Atty Moves To Polsinelli
--------------------------------------------------------------
Polsinelli welcomes John F. Bricker to the firm to focus on complex
real estate and financial services matters for clients, including
real estate finance & capital markets, distressed debt & workouts,
and mortgage loan restructurings. Mr. Bricker is the third attorney
to move to the New York office of Polsinelli in the last three
months.

"Polsinelli's reputation in financial services and real estate
attracted me to the firm," said Bricker from his Polsinelli New
York City office. "The business-minded approach and focus on
service complement my approach to serving clients."

Mr. Bricker brings a wealth of experience in representing special
servicers, investment banks, opportunity funds, REITs and hedge
funds in the origination, purchase, sale and administration of
whole loans, participation interests, equity interests, CMBS and
other mortgage loans, and mezzanine loans.

Recently, the New York office added Shareholders Jeremy Johnson and
David Barrack.  Mr. Johnson handles financial retracting,
insolvency issues and distressed debt matters.  Mr. Barrack brings
decades of experience in complex insolvency scenarios including
litigation.

"As we continue to grow our New York presence, I'm pleased to
welcome John, along with David and Jeremy, as key additions to our
comprehensive and fully integrated finance practice," said Dan
Flanigan, the New York Office Managing Partner and Chair of the
Financial Services & Real Estate Department.

Bricker earned his law degree from The University of Detroit School
of Law, cum laude, where he was a member of the Law Review and
received his B.S. in Accounting from Manhattan College.

Bricker joins Polsinelli at an exciting time. The firm just
announced its move up seven positions in the AmLaw 100 ranking to
#86. New York has been part of that growth. Newly expanded and
relocated in 2012, Polsinelli attorneys in New York work in
financial services, real estate & real estate finance, bankruptcy,
intellectual property litigation, and other commercial litigation.

Mr. Bicker may be reached at:

         John Bricker, Esq.
         POLSINELLI PC
         900 Third Avenue 21st Floor
         New York, NY 10022
         Tel: (212) 803-9909
         Email: jbricker@polsinelli.com

                      About Polsinelli

real challenges. real answersSM   Polsinelli is a first generation
Am Law 100 firm, serving corporations, institutions, entrepreneurs
and individuals nationally.  Our attorneys successfully build
enduring client relationships by providing practical legal counsel
infused with business insight, and with a passion for understanding
how to assist General Counsel and CEOs achieve their legal
objectives. Polsinelli is ranked 18th in number of U.S. partners*
and has more than 740 attorneys in 21 offices.  Polsinelli was
profiled in the June 2013 issue of The American Lawyer as the
fastest-growing law firm in America over a five-year period and has
maintained this position. The firm focuses on healthcare, financial
services, real estate, life sciences and technology, energy and
business litigation, and has depth of experience in 100 service
areas and 70 industries.  The firm can be found online at
www.polsinelli.com. Polsinelli PC. In California, Polsinelli LLP.


[*] King & Spalding Hires Nick Cherryman to Boost Disputes Practice
-------------------------------------------------------------------
King & Spalding has recruited partner Nick Cherryman, previously
head of international disputes in Fried Frank Harris Shriver &
Jacobson's London office, as the firm continues to strengthen its
global dispute resolution capacity.

Mr. Cherryman, who previously practised as a commercial chancery
barrister for 12 years, represents major corporate clients and
institutions in complex, high-value international arbitration and
commercial disputes. He has previously acted for TNK-BP Ltd (over
BP's abortive venture with Rosneft), Goldman Sachs (credit default
swaps litigation against Natixis), Motorola (international fraud
case against the Uzans), Malaysian Airlines (EU competition law
claims), Cerner UK Ltd (UK Government's National Programme for IT)
and NokiaSiemens (Russian-related guarantee dispute). He is ranked
in Chambers & Partners and Legal 500 for commercial litigation and
international arbitration.

"London is a key global hub for disputes and it is imperative for
us to offer the very best lawyers to service our international
client base," said Reggie Smith, head of King & Spalding's global
disputes practice. "Nick brings added expertise and experience in
international commercial litigation and arbitration to our existing
team in London. So far this year, we have seen partner Tom Sprange
appointed a Queen's Counsel (QC), recruited partner Stuart Isaacs
QC and also promoted Ruth Byrne. It is an exciting time for the
practice."

Mr. Cherryman's cases regularly involve conflicts of laws issues,
aspects of alleged fraud, fiduciary duties, asset tracing, company,
insolvency, competition and commercial law. In addition to the UK,
he has been involved in cases in the Caribbean, Hong Kong, Cyprus,
Belize, and also the Isle of Man and the Channel Islands.  Mr.
Cherryman also has substantial experience in cases involving
Switzerland, Liechtenstein, Russia and the CIS countries as well as
experience conducting arbitrations in the London Court of
International Arbitration, the Swiss Chambers' Court of
Arbitration, the International Chamber of Commerce and the
Arbitration Institute of the Stockholm Chamber of Commerce.

"Nick is another quality new addition to our growing team in
London," said Garry Pegg, managing partner of the London office.
"We have now added six leading lateral partners in the last six
months as we continue to build up our capacity, both in disputes
and commercial advice."

Since November 2014, King & Spalding's London office has recruited
partners Elisabeth Baltay (restructuring and finance from Bingham
McCutchen), Tom O'Neill (capital markets from Linklaters), Markus
Bauman (capital markets from Latham & Watkins), Stuart Isaacs QC
(international disputes from Berwin Leighton Paisner) and Daniel
Friel (tax from Latham & Watkins). The London office now has 22
partners.

Mr. Cherryman may be reached at:

         Nicholas Cherryman, Esq.
         KING & SPALDING LLP
         125 Old Broad Street
         EC2N 1AR London
         Tel: +44 20 7751 2134
         Fax: +44 20 7551 7575
         Email: ncherryman@kslaw.com

                    About King & Spalding

Celebrating more than 125 years of service, King & Spalding is an
international law firm that represents a broad array of clients,
including half of the Fortune Global 100, with 800 lawyers in 17
offices in the United States, Europe, the Middle East and Asia. The
firm has handled matters in over 160 countries on six continents
and is consistently recognized for the results it obtains,
uncompromising commitment to quality and dedication to
understanding the business and culture of its clients. More
information is available at www.kslaw.com.


[*] Richard Levin Joins Jenner & Block as New York Partner
----------------------------------------------------------
Jenner & Block LLP on May 11, 2015, announced that internationally
renowned restructuring and bankruptcy lawyer Richard Levin -- an
author of the 1978 US Bankruptcy Code and recipient of the 2015
Distinguished Service Award from the American College of Bankruptcy
-- is joining the firm as a partner in its New York office and
becoming a member of its nationally recognized Bankruptcy, Workout
and Corporate Reorganization Practice, effective May 18, 2015.

Mr. Levin is a distinguished leader in the bankruptcy profession,
having forged a pre-eminent reputation as a restructuring,
bankruptcy and creditor-debtor rights lawyer in his nearly 40 years
in practice -- by leading or playing a major role in numerous
precedent-setting domestic and cross-border insolvency
proceedings.

"Rich is simply one of the foremost bankruptcy professionals," said
Terrence J. Truax, managing partner of Jenner & Block.  "His
reputation for handling all facets of bankruptcy law -- including
commercial and municipal bankruptcies, restructurings and workouts
-- is unsurpassed.  We are excited that Rich is joining the firm
and is a significant additional presence in New York to our
Bankruptcy, Workout and Corporate Reorganization Practice.  We are
a firm of ever-expanding global reach, and Rich's presence further
strengthens our capabilities."

Mr. Levin joins the firm after serving as a partner at Cravath,
Swaine & Moore LLP (2007-2015), where he chaired its Restructuring
Practice.  Among his numerous accomplishments there, he advised on
the Detroit Institute of Arts (DIA) on the City of Detroit's
bankruptcy case, coordinating a broad effort that protected the
DIA's priceless collection from the city's creditors, and
negotiated the first and most favorable settlement of clawback
claims in the Bernard L. Madoff Investment Securities SIPA
proceeding.

"Jenner & Block has a history of involvement in some of the most
high-profile and complex corporate reorganizations, manifested most
recently by the service of our Chairman, Anton Valukas, as Examiner
in the Lehman Brothers case," said Daniel R. Murray, chair of the
firm's Bankruptcy, Workout and Corporate Reorganization Practice.
"Rich's entire career similarly has been marked by the highest
quality of service to his clients and a deep dedication to the
development of restructuring law.  By joining Jenner & Block, Rich,
with the knowledge, experience and leadership skills he brings,
will enable our firm to further its commitment to our clients and
remain on the cutting edge of the development of the law in this
area."

Before Cravath, Mr. Levin was a partner at Skadden, Arps, Slate,
Meagher & Flom LLP & Affiliates (1997-2007); chief financial
officer and general counsel at Whittaker Corporation (1994-1997);
shareholder at bankruptcy boutique firm Stutman, Treister & Glatt
Prof. Corp. (1978-1994); and assistant counsel to the US House of
Representatives Committee on the Judiciary (1975-1978).  He serves
as chair of the National Bankruptcy Conference and is a Fellow and
former regent, board member and vice president of the American
College of Bankruptcy.

Mr. Levin provides additional pedigree to a New York office that
has undergone substantial litigation and corporate growth over the
past several years.  "We are delighted that Rich -- unquestionably
a superstar in his field -- has decided to join Jenner & Block,"
said Richard F. Ziegler, managing partner of the firm's New York
office.  "The firm is committed to growing our decade-old New York
office, which has quickly become a top choice for superb lawyers of
all levels of seniority who value the law as a profession and find
great satisfaction in practicing in an intensely collegial
setting."

Mr. Levin was a member of the American Bankruptcy Institute's
Commission to Study Reform of Chapter 11, which recently issued its
final report and recommendations, and served as a consultant to the
World Bank and the Central Bank of Brazil regarding Brazil's 2005
bankruptcy legislation.  Since 2002, he has served as a faculty
member at the Federal Judicial Center's Bankruptcy Judge Workshops.
He is also a lecturer in law at Harvard Law School and a
sought-after speaker and author on a range of bankruptcy issues.
Mr. Levin has repeatedly been recognized as one of the foremost
practitioners of bankruptcy and creditor-debtor rights law by,
among others, Chambers USA and Chambers Global, Best Lawyers in
America and Benchmark Litigation.  He earned his JD from Yale Law
School and his SB from the Massachusetts Institute of Technology.

"With its strong reputation for handling litigation, corporate and
bankruptcy matters, Jenner & Block is an ideal platform where my
practice can flourish," Mr. Levin said.  "I have known personally
and admired many of the firm's talented partners and have great
respect for several of the bankruptcy lawyers with whom I have
worked (or been opposite from) on numerous matters.  The work they
have done in the private equity bankruptcy area is a perfect fit
with my practice.  I am excited to join a firm so steadfastly
committed to excellence and to public service.  I am eager to play
a role in helping the firm grow its transactional practice and
presence in New York."

Jenner & Block's commitment to public service and pro bono matches
Rich's similar career-long commitment, exemplified by the numerous
public service accolades he has received, including the 2013
Distinguished Service Award for Lifetime Achievement from the Emory
Bankruptcy Developments Journal and the 2012 National Conference of
Bankruptcy Judges Endowment for Education Excellence in Education
Award.

ABOUT JENNER & BLOCK's BANKRUPTCY, WORKOUT AND CORPORATE
REORGANIZATION PRACTICE

Our bankruptcy and restructuring lawyers handle a wide range of
matters in high-profile and complex corporate reorganizations and
related litigation across the United States.  Our experience covers
a broad array of industries, including financial, food,
manufacturing, government contracting, hospitality, real estate,
public utility, telecommunications, gaming, entertainment,
insurance, retail, airline and transportation.  We have represented
hundreds of clients in bankruptcy adversary proceedings, contested
matters, plan disputes and insolvency-related litigation.  Our
lawyers have both defended against and prosecuted major fraudulent
transfer, preference and successor liability actions, and within
the past five years have tried dozens of such cases to conclusion.
Practice group members also regularly provide strategic advice to
corporate clients concerning bankruptcy and insolvency matters;
represent them in connection with out-of-court restructurings and
distressed purchase and sales; and serve as committee counsel.  The
practice was honored in early 2015 as a Law360 Practice Group of
the Year.  Recent results included protecting benefits for nearly
50,000 American Airlines Corp. retirees; winning $272 million in
damages for Emerald Casino’s estate; and presenting oral
arguments before the U.S. Supreme Court in Wellness International
Network et al. v. Sharif dispute that could define the scope of
bankruptcy courts' jurisdiction.

ABOUT JENNER & BLOCK

Jenner & Block (www.jenner.com) is a law firm with a global reach,
with approximately 450 lawyers and offices in Chicago, London, Los
Angeles, New York and Washington, DC.  Now entering its second
century of service, the firm is known for its prominent and
successful litigation practice and experience handling
sophisticated and high-profile corporate transactions.  Firm
clients include Fortune 100 companies, large privately held
corporations, financial services institutions, emerging companies
and venture capital and private equity investors.  In 2014, The
American Lawyer magazine named Jenner & Block as the number one Pro
Bono Law Firm for the fifth time in seven years.


                            *********

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 ***