TCR_Public/150622.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, June 22, 2015, Vol. 19, No. 173

                            Headlines

AEREO INC: Court Approves FTI Consulting as Panel's Advisor
AETERNA ZENTARIS: NASDAQ Listing Compliance Deadline Extended
AGROFRESH INC: Moody's Assigns 'B2' Corporate Family Rating
AGROFRESH INC: S&P Assigns 'B+' Corp. Credit Rating
ALEXZA PHARMACEUTICALS: Amends ADASUVE Partnership Agreements

ALLIED SYSTEMS: Aims to Exit Chapter 11 by Sept. 30
ALLONHILL LLC: Needs Until Sept. 28 to File Plan
ALPHA ASBESTOS: Case Summary & 4 Largest Unsecured Creditors
ALPHA NATURAL: Owns 43.1% Equity Stake in Rice Energy
AMERICAN APPAREL: David Danziger Quits as Director

ANNA'S LINENS: Seeks to Continue Going-Out-of-Business Sales
ANNA'S LINENS: Seeks to Obtain DIP Loan from Prepetition Lender
ANNA'S LINENS: Seeks to Pay Warehouse, Carrier Lienholders
ANNA'S LINENS: Seeks to Reject Leases for 8 Store Locations
AP-LONG BEACH: Hires Stapleton Group as Property Manager

ARMADA OIL: Reports $588K Net Loss in First Quarter
ARMADA OIL: Reports $588K Net Loss in First Quarter
ASG CONSOLIDATED: S&P Cuts CCR to CC & Sr. Sec. Debt Rating to CCC
ASSOCIATED WHOLESALERS: Settles General Mills Claim
AURORA DIAGNOSTICS: Posts $9.4 Million Net Loss in First Quarter

BERNARD L. MADOFF: Trustee, Former Investor Settle Competing Suits
BIG JACK: S&P Assigns 'B' CCR & Rates Sr. Secured Debt 'B'
BINDER & BINDER: Judge Extends Deadline to Remove Suits to Nov. 12
BLACKSANDS PETROLEUM: Terminates CFO; Director Resigns
BON-TON STORES: Shareholders Elect Nine Directors

BOOMERANG TUBE: Can Tap Donlin Recano as Claims & Noticing Agent
BOOMERANG TUBE: Court Issues Joint Administration Order
BOOMERANG TUBE: Has Authority to Use $625,000 to Pay Employees
BOOMERANG TUBE: Has Interim OK to Pay $2.0MM to Critical Vendors
BPZ RESOURCES: Court Okays Sale Protocol; Bids Due June 26

C. WONDER: Has OK to Wind Down Non-Debtor Foreign Subsidiaries
CAL DIVE: Affiliate Sells Atlantic to Weeks Marine for $4.5-Mil.
CAL DIVE: Hearing on Bid for Maritime Lienholders Committee Today
CAL DIVE: Hearing on Subsidiary Sale Set for July 24
CAL DIVE: Hearing Today on Claims Bar Date Motion

CAL DIVE: Hearing Today on Extension of Lease Decision Deadline
CAREFREE WILLOWS: Bid for Settlement Conference With AG Denied
CHAMPION INDUSTRIES: Posts $48,000 Net Income in Second Quarter
CITADEL ENERGY: Voluntary Chapter 11 Case Summary
CNO FINANCIAL: S&P Alters Outlook to Positive & Affirms 'BB+' CCR

COATES INTERNATIONAL: Obtains $77,500 From Securities Sale
COLT DEFENSE: Asks for SEC Consent to Withdraw Form T-3 Indenture
COLT DEFENSE: Sciens Management Sped Up Decline, Bondholders Say
CORE ENTERTAINMENT: Moody's Cuts Corporate Family Rating to 'Caa3'
DR. TATTOFF: Voluntarily Deregisters Common Stock

DTPHIBETA LLC: Case Summary & 20 Largest Unsecured Creditors
ELBIT IMAGING: Investor Relations Presentation Now Available
EMERALD INVESTMENTS: Seeks to Sell Marina Property for $18-Mil.
EMMAUS LIFE: Phillip Satow Quits as Director
ENERGY TRANSFER: Fitch Affirms 'BB' Rating on Jr. Sub. Debt

FAMILY CHRISTIAN: Judge Rejects Winning Bidder for Retail Chain
FEDERATION EMPLOYMENT: Court Delays Hearing on Bid to Lift Stay
FEDERATION EMPLOYMENT: Judge Grants Broadway's Bid to Lift Stay
FINANCIAL HOLDINGS: Section 341 Meeting Set for July 23
FINJAN HOLDINGS: Launches CybeRisk Security Solutions

FIRST QUALITY: S&P Affirms 'BB' CCR & Revises Outlook to Negative
FOUNDATION HEALTHCARE: Disposition of Heritage Park Completed
FREE GOSPEL: Proposes to Employ Frank Morris as Ch. 11 Attorney
FREESEAS INC: Announces Results of Annual Meeting of Shareholders
GENERAL MOTORS: Fitch Raises Issuer Default Rating From 'BB+'

GLYECO INC: Ralph Amato Reports 8.5% Stake as of June 19
GRIDWAY ENERGY: Seeks to Extend Deadline to Remove Suits to Oct. 5
GUIDED THERAPEUTICS: Board May Designate "Excepted" Stock Issuance
HEALTH DIAGNOSTIC: To Ask for Court's OK to Auction Equipment
HEALTH DIAGNOSTIC: To Seek Permission to Obtain $30M Financing

HERCULES OFFSHORE: Reaches Restructuring Deal with Noteholders
HERCULES OFFSHORE: S&P Lowers Corporate Credit Rating to 'CC'
HERCULES OFFSHORE: To Enter Ch. 11, Aims for Prepack Plan
HOLOGIC INC: Moody's Assigns 'B1' Rating to New Sr. Unsecured Notes
HOLOGIC INC: S&P Assigns 'BB' Rating on New $1BB Unsecured Notes

IN RE RONES: Ch. 13 Debtors Can Strip Off Condo Association Liens
INTELLIPHARMACEUTICS INT'L: Updates Status of Generic Focalin XR
INVENTERGY GLOBAL: Incurs $6.63-Mil. Net Loss in First Quarter
JAZZ SECURITIES: S&P Rates New $1.5BB Sec. Credit Facilities 'BB+'
JONES SODA: Reports $278K Net Loss in Q1 Ending Mar. 31

JTS LLC: Section 341(a) Meeting Scheduled for July 23
LERIN HILLS: Has Court Approval to Hire Dykema as Counsel
LERIN HILLS: July 24 Deadline for Filing Claims
LERIN HILLS: Receiver Excused from Sec. 543 Compliance
LEVEL 3 COMMUNICATIONS: May Issue 23M Shares Under Incentive Plan

LPATH INC: Stockholders Elect Five Directors
MA LERIN HILLS: Court Requires Notice of MUD Actions
MA LERIN HILLS: Has OK to Tap Golden Steves as Special Counsel
MAGINDUSTRIES CORP: Put Under TSX Listing Eligibility Review
MARINA BIOTECH: Withdraws Form S-1 Registration Statement with SEC

MARYMOUNT UNIVERSITY: S&P Assigns 'BB+' Rating on $65.77MM Bonds
MEDIMPACT HOLDINGS: Moody's Hikes Corporate Family Rating to 'B2'
MILESTONE SCIENTIFIC: Stockholders Elect Five Directors
MOLYCORP INC: Defers Payment of $3.4 Million Notes Interest
MOUNTAIN PROVINCE: Six Directors Elected at Annual Meeting

NAKED BRAND: Collaborates With NBA Miami HEAT Star Dwyane Wade
NII HOLDINGS: Court Confirms Chapter 11 Plan
NII HOLDINGS: Wins Court Okay for Chapter 11 Plan
NIRVANA INC: Meeting of Creditors Set for July 7
NIRVANA INC: Proposes Oct. 14 Auction of Assets

NJ HEALTHCARE: Creditors' Panel Hires Greenbaum Rowe as Counsel
ORCKIT COMMUNICATIONS: Files Notice of Extraordinary Meeting
PACIFIC COAL: Provides Update on Cease Trade Order
PARKVIEW ADVENTIST: Hospital Enters Ch. 11, to Sell to Mid Coast
PARKVIEW ADVENTIST: Section 341 Meeting Set for July 9

PARKVIEW ADVENTIST: Seeks to Use Mid Coast Loan, Cash Collateral
PARKVIEW ADVENTIST: Wants Until July 31 to File Schedules
PETROMAROC CORP: Receives Approval of Debenture Waiver
PETROMAROC CORP: TSXV Approves Waiver & Amending Agreement
PUTNAM AT DEPTFORD: Voluntary Chapter 11 Case Summary

QUICKSILVER RESOURCES: Canada Awards Retention Cash Bonus to SVP
QUICKSILVER RESOURCES: Canada Unit Wins 2nd Forbearance Thru Sept
QUICKSILVER RESOURCES: US Trustee to Continue Meeting on July 7
RADIOSHACK CORP: Won't File Form 10-Q for May 2 Quarter
RESPONSE BIOMEDICAL: OKs Increase of CEO & CFO's Base Salaries

RESTORGENEX CORP: Stockholders Elect Five Directors
RITE AID: Reports Net Income of $18.8 Million for First Quarter
RIVERWALK JACKSONVILLE: Hearing on Real Property Sale on June 23
ROADRUNNER ENTERPRISES: June 22 Hearing on Bid to Auction Assets
ROOFING SUPPLY: Moody's Affirms 'B3' CFR, Outlook Changed to Stable

SABINE OIL: Won't Make Interest Payment on 7.25% Senior Notes
SAFE-T-PROPANE: Case Summary & Largest Unsecured Creditors
SALON MEDIA: Posts $3.9 Million Net Loss in Fiscal 2015
SAN JUAN RESORT: $9.45M Offer, Bidding Procedures Approved
SAN JUAN RESORT: Says Boutique's Cash Use Objection Should Be Moot

SANUWAVE HEALTH: Extends Notes Due Dates to January 2017
SARATOGA RESOURCES: Files for Ch. 11; Won't Need Financing
SARATOGA RESOURCES: Voluntary Chapter 11 Case Summary
SAUK PRAIRIE HOSPITAL: Moody's Affirms 'Ba1' Rating
SEITEL INC: Moody's Cuts Corporate Family Rating to 'Caa1'

SKYMALL LLC: Judge Authorizes Voting on Liquidation Plan
SOLAR POWER: Signs US$20-Mil. Purchase Agreement with Vision Edge
SONJA MORGAN: Pays Off $9M Bankruptcy Judgment, Exits Chapter 11
SOURCE HOME: June 24 Hearing on Bid to Extend Time to Remove Suits
SS&C TECHNOLOGIES: Moody's Assigns 'B1' Corporate Family Rating

STANDARD REGISTER: Sale to Taylor to Close in Up to 60 Days
STONEBRIDGE FINANCIAL: Case Summary & 20 Top Unsecured Creditors
STONEBRIDGE FINANCIAL: Files Bankruptcy Petition to Facilitate Sale
SUMMIT MATERIALS: Moody's Assigns 'B1' Rating to Term Loan B
SUMMIT MATERIALS: S&P Affirms 'B+' Corp. Credit Rating

SWEET BRIAR: S&P Lowers Rating on 2006 Refunding Bonds to 'CCC'
TRANSUNION: Moody's Puts B2 CFR on Review for Possible Upgrade
TRIGEANT HOLDINGS: Court OKs Odfjell's Motion for Relief From Stay
TS EMPLOYMENT: Ch. 11 Trustee Taps Mesirow Financial as Accountant
TS EMPLOYMENT: Court Approves Togut Segal as Trustee Attorney

TS EMPLOYMENT: Trustee Hires Friedman LLP as Special Accountant
UNI-PIXEL INC: Amends $75 Million Prospectus with SEC
UNI-PIXEL INC: Files Financial Statements of XSense
UNIVAR INC: Moody's Hikes Corporate Family Rating Ratings to 'B2'
UNIVAR INC: S&P Affirms 'B+' CCR & Rates Term Loans 'BB-'

VERMILLION INC: Buys 860,595 shares From Quest Diagnostics
VIRTUAL PIGGY: CFO Joseph Dwyer Resigns
VISUALANT INC: Amends $10 Million Prospectus with SEC
VISUALANT INC: Implements 1-for-150 Reverse Stock Split
WARNER MUSIC: COO Wiesenthal Agrees to Step Down

WAVE SYSTEMS: Stockholders Re-Elect Four Directors
WBH ENERGY: Castlelake Withdraws Bid for Relief From Stay
WEST CORP: Has Secondary Offering of 7 Million Common Shares
WPCS INTERNATIONAL: Alpha Capital Reports 9.9% Stake as of June 19
XENONICS HOLDINGS: Incurs $68K Net Loss in Q2 Ending March 31

XZERES CORP: Ravago Holdings Reports 16.8% Stake as of June 9
ZOGENIX INC: Stockholders Elect Two Directors
[*] Dorsey's Peggy Hunt Elected to Utah Bar Foundation Board
[*] Easterly Gov't Acquires Thad Cochran Bankruptcy Courthouse
[*] Recovered Asset Advisors to Assist Companies to Reclaim Money

[^] BOND PRICING: For the Week from June 15 to 19, 2015

                            *********

AEREO INC: Court Approves FTI Consulting as Panel's Advisor
-----------------------------------------------------------
The Official Committee of Unsecured Creditors of Aereo, Inc. sought
and obtained permission from the U.S. Bankruptcy Court for the
Southern District of New York to retain FTI Consulting, Inc.,
together with its wholly owned subsidiaries ("FTI"), as financial
advisor to the Committee, nunc pro tunc to Feb. 15, 2015.

FTI will provide financial advisory services to the Committee and
its legal counsel as they deem appropriate and feasible to advise
the Committee in the course of this chapter 11 case.  The work
proposed are in two Phases, with separate scope and billing
arrangements as follows:

Phase 1 (Asset Sale) work consists of:

  -- discussions with the Debtor and its advisors regarding the
     sale process;

  -- reviewing/analyzing sale bids and presenting the bids in a
     comparable fashion;

  -- discussion and comparison of the bids on conference calls
     with the Committee;

  -- initial recommendations regarding the highest bid for
     purposes of starting the auction;

  -- attendance at the auction;

  -- participation in determination of the "highest and best" and
     winning bidder at auction; and

Phase 2 work (if necessary, as determined by the Committee)
consists of:

  -- assistance in the review, assessment, quantification,
     negotiation, adjudication and potential litigation of claims;

     including but not limited to unliquidated copyright
     infringement claims.

  -- assistance in the review of financial related disclosures
     required by the Court, including the Schedules of Assets and
     Liabilities, the Statement of Financial Affairs and Monthly
     Operating Reports;

  -- assistance in the review and/or preparation of information
     and analysis necessary for the confirmation of a plan and
     related disclosure statement in these chapter 11 proceedings;

  -- assistance in the evaluation and analysis of avoidance
     actions, including fraudulent conveyances and preferential
     transfers; and

  -- render such other general business consulting or such other
     assistance as the Committee or its legal counsel may deem
     necessary that are consistent with the role of a financial
     advisor and not duplicative of services provided by other
     professionals in this proceeding.

FTI will seek payment for compensation in the fixed amount of
$48,000 (the "Phase 1 Fixed Fee"), plus reimbursement of actual and
necessary expenses incurred by FTI, including legal fees related to
this retention application and future fee applications as approved
by the court.

With respect to the Phase 2 Work, FTI will be paid at these hourly
rates:

       Senior Managing Directors             $800-$975
       Directors/Sr. Directors/
       Managing Directors                    $595-$795
       Consultants/Senior Consultants        $315-$575
       Administrative/Paraprofessionals/
       Associates                            $125-$250

Conor P. Tully, senior managing director with FTI Consulting,
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.

FTI can be reached at:

       Conor P. Tully
       FTI CONSULTING, INC.
       Three Times Square, 11th Floor
       New York, NY 10036
       Tel: (212) 247-1010
       Fax: (212) 841-9350
       E-mail: conor.tully@fticonsulting.com

                          About Aereo Inc.

With headquarters in Boston, Massachusetts, Aereo, Inc., is a
technology company that provided subscribers with the ability to
watch live or "time-shifted" local over-the-air broadcast
television on Internet-connected devices, such as personal
computers, tablet devices, and "smartphones."   Aero provided to
each subscriber access, via the Internet, to individual remote or
micro-antennas and a cloud-based DVR, which were maintained by the
Debtor in facilities within the local market.

Aereo, Inc., sought Chapter 11 protection (Bankr. S.D.N.Y. Case
No. 14-13200) in Manhattan, New York, on Nov. 20, 2014.  The
Chapter 11 filing came five months after the U.S. Supreme Court
ruled the Debtor, with respect to live or contemporaneous
transmissions, was essentially performing as a traditional cable
system under the Copyright Act, and thus was violating
broadcasters' copyrights because it wasn't paying broadcasters any
fees.

The Debtor has tapped William R. Baldiga, Esq., at Brown Rudnick
LLP, in New York, as counsel.  The Debtors has also engaged Argus
Management Corp. to provide the services of Lawton W. Bloom as CRO
and Peter Sullivan and Scott Dicus as assistant restructuring
officers.  Prime Clerk LLC is the claims and notice agent.

The Debtor disclosed $22.2 million in assets and $2.78 million in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed three creditors to serve
on the official committee of unsecured creditors.  Stinson Leonard
Street LLP serves as the Committee's counsel.


AETERNA ZENTARIS: NASDAQ Listing Compliance Deadline Extended
-------------------------------------------------------------
Aeterna Zentaris Inc. on June 18, 2015, disclosed that it has
received notice from the NASDAQ Listing Qualifications Department
determining that the Company is eligible for an additional 180
calendar day period, until December 14, 2015, to regain compliance
with the minimum $1.00 per share required for continued listing
under Listing Rule 5550(a)(2).  The Company's shares continue to
trade on the NASDAQ Capital Market under the symbol AEZS.

Per the notice of deficiency received on December 16, 2014 , the
Company had a period of 180-calendar days, or until June 16, 2015,
to regain compliance with the minimum bid price requirement.
Following a review, NASDAQ determined that the Company was eligible
to receive an additional 180-day period on the basis that Aeterna
Zentaris still met the continued listing requirement for market
value of publicly held shares and all other initial listing
standards for the NASDAQ Capital Market, with the exception of the
minimum bid price requirement.

To regain compliance, the closing bid price of the Company's common
stock must be at least $1.00 per share for a minimum of 10
consecutive business days.  If compliance cannot be demonstrated by
December 14, 2015, NASDAQ's staff will provide written notification
that the Company's securities will be delisted.  At that time, the
Company may appeal NASDAQ staff's determination to a Hearings
Panel.

                  About Aeterna Zentaris Inc.

Aeterna Zentaris -- http://www.aezsinc.com-- is a specialty
biopharmaceutical company engaged in developing and commercializing
novel treatments in oncology, endocrinology and women's health.



AGROFRESH INC: Moody's Assigns 'B2' Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service initiated ratings on AgroFresh, Inc.
assigning a B2 corporate family rating and B2 ratings on its
proposed senior secured credit facilities, following its
acquisition by Boulevard Acquisition Corp. from The Dow Chemical
Company (Baa2, P-2, stable) for $838 million (inclusive of fees and
expenses). AgroFresh's proposed $450 million senior secured credit
facilities, which include a $425 million Term Loan B due 2021 and a
$25 million cash flow revolver due 2019, will be used to help
finance the acquisition, provide for working capital, and general
corporate purposes. Additionally, the transaction will be funded by
17.5 million shares ($175 million) in Boulevard common stock (Dow
will own approximately 36% of AgroFresh), $221 million in cash
raised through the IPO of Boulevard, and $50 million raised in an
PIPE which is expected to close prior to the close of the
acquisition. Moody's also assigned an SGL-2 speculative grade
liquidity rating to AgroFresh. The rating outlook is stable.

"AgroFresh's asset-light, high margin business enables it to
generate strong free cash flows which help offset some of the
single product risk. Our expectation that the company will seek to
grow through acquisitions will diversify the business, but likely
utilize free cash flows and could increase leverage," said Lori
Harris, Moody's Assistant Vice President and lead analyst for
AgroFresh, Inc.

Rating actions:

Issuer: AgroFresh, Inc.

Corporate Family Rating, Assigned B2;

Probability of Default Rating, Assigned B2-PD;

Speculative Grade Liquidity Rating, Assigned SGL-2;

$25 million First Lien Senior Secured Revolving Credit Facility
due 2019, Assigned B2 (LGD3)

$425 million First Lien Senior Secured Term Loan B due 2021,
Assigned B2 (LGD3)

Outlook, Stable.

The assigned ratings are first-time ratings and remain subject to
Moody's review of the final terms and conditions of the proposed
transaction expected to close in the third quarter of 2015.



AGROFRESH INC: S&P Assigns 'B+' Corp. Credit Rating
---------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B+' corporate
credit rating to pre- and post-harvest food preservation
application solutions provider AgroFresh Inc.  The outlook is
stable.

At the same time, S&P assigned its 'BB-' issue rating (one notch
above the corporate credit rating) to the company's $425 million
term loan with a recovery rating of '2L', indicating that lenders
could expect substantial (lower half of the 70%-90% range) recovery
in the event of payment default or bankruptcy.

"The stable outlook reflects our expectation that the company will
maintain its good market position and operating performance in the
highly niche post-harvest food preservation industry,
notwithstanding near- to mid-term patent expirations and new
entrants to the market, through investment in innovation and
acquisitions," said Standard & Poor's credit analyst Rodney
Olivero.  "We expect the company will sustain FFO to debt in the
low- to mid-teens percent area and liquidity will remain
"adequate," with the potential for temporary FFO to debt
deterioration to pursue acquisitions," he added.

S&P's assessment of a "fair" business risk profile reflects its
view of the company's good market position in a niche segment
providing post-harvest chemical application solutions and services
for fresh produce storage, with well-developed customer
relationships.  S&P views the company's liquidity as "adequate"
with sources of cash that are likely to exceed uses for the next 12
months considering its good free cash flow generation expected in
2015 and 2016 and its proposed revolving credit facility
availability of $25 million.  S&P projects liquidity sources to
exceed uses by more than 1.2x over the next two years.

S&P could lower the rating if the company sustains FFO/debt below
12% with the likelihood of ongoing declines.  This could happen
through the pursuit of larger acquisitions, or a change in
financial policy that increases dividends or return of capital to
shareholders.  S&P could also re-assess the company's business risk
profile if competition increases in the industry, creating pricing
pressure, or operational missteps in transitioning the company to a
stand-alone entity, causing operating performance to decline.  S&P
believes flat revenue growth and a 200 basis point decline in gross
margin will result in an FFO/debt below 12%, indicative of a highly
leveraged financial risk profile.

While unlikely, S&P believes an upgrade would hinge on the
company's ability to improve and sustain FFO/debt above 20%.  This
could occur if the company commits to significant debt reduction,
in the absence of acquisition opportunities.  Alternatively, S&P
could view an acquisition funded with equity, such that acquired
EBITDA effectively reduces leverage, as a credit-positive event.



ALEXZA PHARMACEUTICALS: Amends ADASUVE Partnership Agreements
-------------------------------------------------------------
Alexza Pharmaceuticals, Inc., has updated and amended its ADASUVE
(Staccato loxapine) commercial partnerships with Grupo Ferrer
Internacional, S.A. (Ferrer) and Teva Pharmaceutical Industries
Ltd. (Teva).  Ferrer is Alexza's commercial partner for ADASUVE in
the European Union, Latin America, the Commonwealth of Independent
States and other countries in Europe.  Teva is Alexza's commercial
partner for ADASUVE in the United States.

As previously announced in May 2015, Alexza analyzed various
initiatives that could reduce manufacturing costs, including supply
chain requirements, to make global production more efficient and
cost-effective.  As a result of this analysis, Alexza plans to
complete ADASUVE commercial production for Ferrer and Teva pending
orders in the third quarter of 2015, and then will suspend ADASUVE
commercial production operations.  The primary goal of this action
is to reduce Alexza's underutilized manufacturing capacity,
overhead expenses and related costs, while fulfilling the supply
requirements of its commercial partners.

In connection with the modification to the manufacturing
obligations by Alexza, which also included evaluation of internal
and possible external (third party) manufacturing capabilities or
alternatives, the companies have updated and amended their
commercial partnerships.

"The comprehensive amendments we have completed allow for continued
commercialization of ADASUVE while providing flexibility to reflect
market learnings during the launch of the product," said Thomas B.
King, president and CEO of Alexza Pharmaceuticals. "We believe the
sales during the global launch of ADASUVE do not reflect the
clinical benefits ADASUVE can convey to patients, and we remain
confident in ADASUVE's long-term commercial prospects. Early
feedback from physicians and patients corroborate the positive
clinical profile we observed with ADASUVE during its clinical
development."

King continued, "We believe we are making solid decisions regarding
how to run our business for the future and are making strategic
changes to our business model.  Amending our agreements with Ferrer
and Teva will allow us to reduce the costs of producing ADASUVE and
eliminate the costs associated with some of the EU post-approval
commitments, with the overall goal of substantially reducing our
cash burn rate."

               Ferrer and Alexza Agreement Amendment

   * Alexza's Manufacturing Obligations: Alexza and Ferrer have
     agreed to identify more suitable long-term solutions for
     future ADASUVE manufacturing.  Alexza's current ADASUVE
     manufacturing obligations are to be suspended for a period of

     time.  During the manufacturing suspension period, Alexza and

     Ferrer will evaluate internal and possible external (third
     party) manufacturing capabilities.

   * Ferrer's Right to Manufacture: Ferrer and Alexza have agreed
     that Ferrer will have the option to manufacture ADASUVE at
     its facilities.  If Ferrer chooses to exercise its option, it

     will be granted ADASUVE manufacturing rights for the Ferrer
     territories, including an option to manufacture certain
     additional Staccato products for the Ferrer territories.

   * MAA Transfer to Ferrer: Alexza will transfer the EU Marketing
     authorization for ADASUVE (MAA), to Ferrer. The MAA transfer
     includes the responsibilities for the ongoing post-approval
     clinical studies (the PASS and DUS studies), a future Phase 3

     study in adolescents, as well as ongoing pharmacovigilance
     responsibilities.

   * Milestone Payment Elimination: In consideration for taking on
     additional responsibilities, the specific milestone payments
     for first commercial sales in Russia, Brazil and Turkey have
     been eliminated.

   * Territory and Technology Expansion: Ferrer will gain ADASUVE
     registration and commercialization rights for Middle East and

     North Africa (MENA), Korea, Philippines, and Thailand
     territories.  In addition, Ferrer will have the option to
     develop and commercialize additional Staccato products for
     the Ferrer territories, with certain rights outside of the
     current Ferrer territory, in consideration for royalties to
     Alexza.

                 Teva and Alexza Agreement Amendment

   * Alexza's Manufacturing Obligations: Alexza and Teva have
     agreed to identify more suitable long-term solutions for
     future ADASUVE manufacturing.  Alexza's current ADASUVE
     manufacturing obligations are to be suspended for a period of

     time.  During the manufacturing suspension period, Alexza and

     Teva will evaluate internal and possible external (third
     party) manufacturing capabilities.

   * Modification of Teva's Commercial Obligations: Alexza and
     Teva have agreed to adjust certain of Teva's commercial
     diligence obligations related to ADASUVE for a period of
     time.  Teva will continue to use commercially reasonable
     efforts to commercialize ADASUVE in the U.S., be responsible
     for all related regulatory and clinical activities, and will
     continue to be responsible for royalties and milestone
     payments on the U.S. sales of ADASUVE.

   * Modification to Teva note: The maturity note will be extended
     for a time equal to the duration of manufacturing suspension
     period.  No interest will accrue on the Teva note during the
     manufacturing suspension period.

During the manufacturing suspension period Alexza plans to work
with its commercial partners to find the most efficient path for
future ADASUVE manufacturing and assure ADASUVE supplies for
current and new markets.

                            About Alexza

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

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

Alexza Pharmaceuticals reported a net loss of $36.7 million in 2014
compared to a net loss of $39.6 million in 2013.

As of March 31, 2015, the Company had $43.2 million in total
assets, $94.8 million in total liabilities, and a $51.7 million
total stockholders' deficit.

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


ALLIED SYSTEMS: Aims to Exit Chapter 11 by Sept. 30
---------------------------------------------------
ASHINC Corporation, et al., are aiming to exit Chapter 11 by Sept.
30, 2015, according to their further revised Joint Chapter 11 Plan
of Reorganization and Disclosure Statement filed with the U.S.
Bankruptcy Court for the District of Delaware.

The further revised Plan, dated June 17, 2015, provides that
holders of Class 4 - AIG Claims will receive (i) the AIG Cash
Collateral and (ii) Cash in the amount of $1.0 million.  The
aggregate amount of all Allowed Administrative Claism and Priority
Tax Claims will not exceed $4.5 million and the aggregate amount of
all Allowed Priority Claims will not exceed $275,000.

A full-text copy of the June 17 Disclosure Statement is available
at http://bankrupt.com/misc/ASHINCds0617.pdf

                   About Allied Systems Holdings

BDCM Opportunity Fund II, LP, Spectrum Investment Partners LP, and
Black Diamond CLO 2005-1 Adviser L.L.C., filed involuntary
petitions for Allied Systems Holdings Inc. and Allied Systems Ltd.
(Bankr. D. Del. Case Nos. 12-11564 and 12-11565) on May 17, 2012.
The signatories of the involuntary petitions assert claims of at
least $52.8 million for loan defaults by the two companies.

Allied Systems, through its subsidiaries, provides logistics,
distribution, and transportation services for the automotive
industry in North America.

Allied Holdings Inc. first filed for chapter 11 protection (Bankr.
N.D. Ga. Case Nos. 05-12515 through 05-12537) on July 31, 2005.
Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represented the
Debtors in the 2005 case.  Allied won confirmation of a
reorganization plan and emerged from bankruptcy in May 2007
with $265 million in first-lien debt and $50 million in second-
lien debt.

The petitioning creditors said Allied defaulted on payments of
$57.4 million on the first lien debt and $9.6 million on the
second.  They hold $47.9 million, or about 20% of the first-lien
debt, and about $5 million, or 17%, of the second-lien obligation.
They are represented by Adam G. Landis, Esq., and Kerri K.
Mumford, Esq., at Landis Rath & Cobb LLP; and Adam C. Harris,
Esq., and Robert J. Ward, Esq., at Schulte Roth & Zabel LLP.

Allied Systems Holdings Inc. formally put itself and 18
subsidiaries into bankruptcy reorganization June 10, 2012,
following the filing of the involuntary Chapter 11 petition.

The Company is being advised by Mark D. Collins, Esq., at
Richards, Layton & Finger, P.A., and Jeffrey W. Kelley, Esq., at
Troutman Sanders, Gowling Lafleur Henderson.

The bankruptcy court process does not include captive insurance
company Haul Insurance Limited or any of the Company's Mexican or
Bermudan subsidiaries.  The Company also announced that it intends
to seek foreign recognition of its Chapter 11 cases in Canada.

An official committee of unsecured creditors has been appointed in
the case.  The Committee consists of Pension Benefit Guaranty
Corporation, Central States Pension Fund, Teamsters National
Automobile Transporters Industry Negotiating Committee, and
General Motors LLC.  The Committee is represented by Sidley Austin
LLP.

In January 2014, the U.S. Trustee for Region 3 appointed a three-
member Official Committee of Retirees.

Yucaipa Cos. has 55% of the senior debt and took the position it
had the right to control actions the indenture trustee would take
on behalf of debt holders.  The state court ruled in March 2013
that the loan documents didn't allow Yucaipa to vote.

In March 2013, the bankruptcy court also gave the official
creditors' committee authority to sue Yucaipa.  The suit includes
claims that the debt held by Yucaipa should be treated as equity
or subordinated so everyone else is paid before the Los Angeles-
based owner. The judge allowed Black Diamond to participate in the
lawsuit against Yucaipa and Allied directors.

Allied Systems Holdings, Inc., changed its name to ASHINC
Corporation.

                          *     *     *

ASHINC Corporation, f/k/a Allied Systems Holdings, Inc., and its
debtor affiliates filed with the U.S. Bankruptcy Court for the
District of Delaware a joint Chapter 11 plan of reorganization,
co-proposed by the Committee and the first lien agents.

The Plan provides that certain of the Debtors' assets, the
Litigation Trust Assets, will vest in the Allied Litigation Trust,
and the remainder of the Debtors' assets, including the proceeds
from the sale of substantially all of the Debtors' assets, will
either revest in the Reorganized Debtors or be distributed to the
Debtors' creditors.

The Debtors ask the Court to set July 23, 2015, at 10:00 a.m.
(prevailing Eastern Time) as the date and time for the Bankruptcy
Court to consider confirmation of the Plan.


ALLONHILL LLC: Needs Until Sept. 28 to File Plan
------------------------------------------------
Allonhill, LLC, asks the U.S. Bankruptcy Court for the District of
Delaware to further extend the period within which the Debtor has
exclusive right to file a Chapter 11 plan to Sept. 28, 2015, and
the period within which the Debtor has exclusive right to solicit
acceptances of the plan to Nov. 25, 2015.

According to Evan T. Miller, Esq., at Bayard, P.A., in Wilmington,
Delaware, the Debtor is currently in the process of appealing the
$25.8 million judgment in the district court lawsuit filed by
Aurora Commercial Corporation in the Colorado Court of Appeals, in
case No. 12CA0740, and believes it has meritorious grounds to do
so.  At present, all briefing is completed in the Colorado Court of
Appeals, and the case is at issue awaiting the scheduling of oral
argument, Mr. Miller says.

At the time of the 1121(d) Order, the Debtor anticipated a final
disposition of the Aurora Appeal by approximately June 2015.  For
reasons unforeseen by the parties at the time of the Debtor's
initial motion pursuant to 1121(d) to extend the time periods for
filing a plan and soliciting acceptances thereto, and
notwithstanding the Debtor's efforts to speed the appeal process, a
final disposition is not possible until after July 25, and is not
reasonably expected until September, 2015 at the earliest, Mr.
Miller tells the Bankruptcy Court.

Given that the appellate case is fully briefed and at issue as of
the time of this Motion, the Debtor expects that oral argument
could be scheduled by the court of appeals for a date anytime
between now and September 2015, and an opinion deciding the Aurora
Appeal could be issued by the court of appeals a month or more
thereafter, Mr. Miller adds.

The Debtor, Mr. Miller says, is in the process of formulating a
plan of reorganization that will provide a framework for resolution
of claims in the best interests of all creditors regardless of the
ultimate outcome of the Aurora Appeal.

The Debtor is also represented by Neil B. Glassman, Esq., and
Justin R. Alberto, Esq., at Bayard, P.A., in Wilmington, Delaware;
and Christopher R. Donoho III, Esq., and Lynn W. Holbert, Esq., at
Hogan Lovells US LLP, in New York.


ALPHA ASBESTOS: Case Summary & 4 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Alpha Asbestos Abatement, Inc.
        P.O. Box 10625
        Bedford, NH 03110

Case No.: 15-10971

Chapter 11 Petition Date: June 18, 2015

Court: United States Bankruptcy Court
       District of New Hampshire (Manchester)

Judge: Hon. Bruce A. Harwood

Debtor's Counsel: Eleanor Wm Dahar, Esq.
                  VICTOR W. DAHAR PROFESSIONAL ASSOCIATION
                  20 Merrimack Street
                  Manchester, NH 03101
                  Tel: (603) 622-6595
                  Email: edahar@att.net
                         vdaharpa@att.net

Estimated Assets: $1 million to $10 million

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

The petition was signed by Michael J. Mazzaglia, president and sole
shareholder.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/nhb15-10971.pdf


ALPHA NATURAL: Owns 43.1% Equity Stake in Rice Energy
-----------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Alpha Natural Resources, Inc. disclosed that as of
June 15, 2015, it beneficially owned 58,706,314 shares of common
stock of Rice Energy Inc., which represents 43.1 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/U3dPC9

                         About Alpha Natural

Alpha Natural is a coal supplier, ranked second largest among
publicly traded U.S. coal producers as measured by 2014
consolidated revenues of $4.3 billion.  As of Dec. 31, 2014, the
Company operated 60 mines and 22 coal preparation plants in
Northern and Central Appalachia and the Powder River Basin, with
approximately 8,900 employees.

Alpha Natural reported a net loss of $874.9 million in 2014, a net
loss of $1.1 billion in 2013 and a net loss of $2.4 billion in
2012.

                             *    *    *

As reported by the TCR on June 4, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Alpha
Natural Resources Inc. to 'CCC+' from 'B'.

The TCR reported on April 8, 2015, that Moody Investor's Service
downgraded the corporate family rating of Alpha Natural Resources,
Inc. to Caa3 from Caa1 and the probability default rating to
Caa3-PD/LD from Caa1-PD.


AMERICAN APPAREL: David Danziger Quits as Director
--------------------------------------------------
David Danziger resigned as member of American Apparel, Inc.'s
Board of Directors effective June 14, 2015, according to a Form 8-K
report filed with the Securities and Exchange Commission.  The
Company's remaining directors appointed Paula Schneider, the
Company's chief executive officer, to fill the vacancy as a Class A
director.

In accordance with the letter agreement the Company entered into
with Jeffrey Kolb, dated June 7, 2015, the Company intends to
identify an independent director with significant retail experience
and appoint the new director to fill a subsequent vacancy on the
Company's Board prior to the Company's 2016 Annual Meeting of
Stockholders.

                      About American Apparel

American Apparel is a vertically-integrated manufacturer,
distributor, and retailer of branded fashion basic apparel based
in downtown Los Angeles, California.  As of Sept. 30, 2014,
American Apparel had approximately 10,000 employees and operated
245 retail stores in 20 countries including the United States and
Canada.  American Apparel also operates a global e-commerce site
that serves over 60 countries worldwide at
http://www.americanapparel.com. In addition, American Apparel     

operates a leading wholesale business that supplies high quality
T-shirts and other casual wear to distributors and screen
printers.

Amid liquidity problems and declining sales, American Apparel in
early 2011 reportedly tapped law firm Skadden, Arps, Slate,
Meagher & Flom and investment bank Rothschild Inc. for advice on a
restructuring.

In April 2011, American Apparel said it raised $14.9 million in
rescue financing from a group of investors led by Canadian
financier Michael Serruya and private equity firm Delavaco Capital
Corp., allowing the casual clothing retailer to meet obligations
to its lenders for the time being.  Under the deal, the investors
were buying 15.8 million shares of common stock at 90 cents
apiece.  The deal allows the investors to purchase additional
27.4 million shares at the same price.

American Apparel reported a net loss of $68.8 million in 2014, a
net loss of $106 million in 2013 and a net loss of $37.3
million in 2012.

As of March 31, 2015, the Company had $271 million in total assets,
$416 million in total liabilities and a $144 million total
stockholders' deficit.

                           *     *     *

The TCR reported on Nov. 21, 2013, that Moody's Investors Service
downgraded American Apparel Inc.'s corporate family rating to
Caa2.  The clothing retailer's probability of default was also
lowered one level and the outlook is negative.

As reported by the TCR on Sept. 2, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on Los Angeles-based
American Apparel Inc. to 'CCC-' from 'CCC'.  The outlook is
negative.


ANNA'S LINENS: Seeks to Continue Going-Out-of-Business Sales
------------------------------------------------------------
Anna's Linens, Inc., seeks authority from the U.S. Bankruptcy Court
Central District of California, Santa Ana Division, to conduct
"going out of business sale" and assume an agency agreement with a
joint venture comprising Hilco Merchant Resources, LLC, and Gordon
Brothers Retail Partners, LLC.

The Hilco/Gordon Brothers JV submitted a final bid of (i) a
guaranteed recovery of 111% of the aggregate Cost Value of the
Merchandise with a Merchandise Threshold of not less than $61.5
million, subject to certain adjustments; plus (ii) the same
potential sharing recovery from the Proceeds of the Sale of
Merchandise and Additional Agent Merchandise as provided for in the
Stalking Horse Agency Agreement with joint venture comprised of
Tiger Capital Group and Yellen Partners, LLC; plus (iii) the same
80% share of the sale proceeds from the sale of Merchant
Consignment Goods; plus (iv) the Agent retained the right to sell
the Owned FF&E in the Stores, Distribution Centers and the
Corporate Office, bore all of the expenses in connection with the
disposition and retained all of the proceeds from the sale of the
Owned FF&E.  The GOB Sales commenced on June 12, 2015.

Because the Hilco/Gordon Brothers JV won the prepetition auction
held on June 9 and 10, 2015, the Debtor seeks Court authority to
provie the Tiger/Yellen Stalking Horse a break-up fee of $650,000,
plus an expense reimbursement of up to $350,000.

In addition to the Bid Protections payable to the Tiger/Yellen
Stalking Horse during the auction, in consideration of increasing
the bid from 97.5% to 103%, the Debtor also seeks Court authority
to pay Great American Group, LLC, one of the bidders, a $250,000
break-up fee.

According to Eve H. Karasik, Esq., at Levene, Neale, Bender, Yoo &
Brill L.L.P., in Los Angeles, California, the sale commenced
prepetition and, in order to maximize the return from those sales,
the GOB Sales must continue uninterrupted.  Furthermore, Ms.
Karasik points out that the Agent has agreed to a Guaranteed Amount
of 111% of the Cost Value of the Merchandise to be sold which is
based on the amount of inventory.  Given the Merchandise Threshold
of $61.5 to $67 million, there should be recoveries from the
liquidation process beyond the claim of the secured lender for
other creditors, she asserts.

The motion was filed by David B. Golubchik, Esq., Eve H. Karasik,
Esq., and Juliet Y. Oh, Esq., at Levene, Neale, Bender, Yoo & Brill
L.L.P., in Los Angeles, California, on behalf of the Debtor.

                       About Anna's Linens

Anna's Linens, a specialty retailer offering home textiles,
furnishings and decor at attractive prices, sought protection under
Chapter 11 of the Bankruptcy Code on June 14, 2015 (Bankr. C.D.
Calif., 15-13008).  Headquartered in Costa Mesa, California,
operates a chain of 268 company owned retail stores throughout 19
states in the United States (including Puerto Rico and Washington,
D.C.) generates over $300 million in annual revenue and employs a
workforce of over 2,500 associates.

The case is assigned to Judge Theodor Albert.

The Debtor's counsel is David B Golubchik, Esq., at Levene, Neale,
Bender, Yoo & Brill LLP, in Los Angeles, California.


ANNA'S LINENS: Seeks to Obtain DIP Loan from Prepetition Lender
---------------------------------------------------------------
Anna's Linens, Inc., seeks authority from the U.S. Bankruptcy Court
Central District of California, Santa Ana Division, to obtain
postpetition financing and use cash collateral securing its
prepetition indebtedness to maintain its business and preserve the
value of its assets while the Debtor pursues the store closing
sales.

Pursuant to a credit agreement dated July 18, 2014, the Debtor is
indebted to Salus Capital Partners, LLC, as administrative agent
for a consortium of lenders, the approximate amount of $66.425
million.  Salus, as postpetition administrative agent for a
consortium of lender, agreed to provide a DIP Facility of up to
approximately $20 million in excess of the outstanding secued debt
to Salus and other prepetition secured lenders.

The DIP Facility accrues interest at LIBOR plus 8.5%, with a
minimum interest rate of 8.75%, paid monthly in arrears.  During an
event of default, the applicable rate will increase by 4%.

The DIP Facility also provides for a closing fee equal to 0.5% of
the aggregate DIP Facility commitment amount of approximately $20
million in excess of the Prepetition Obligations, which fee will be
fully earned and due and payable on the Closing Date.  An exit fee
equal to 1.0% of the aggregate of the aggregate DIP Facility
commitment amount of approximately $20 million in in excess of the
Prepetition Obligations, which fee will be fully earned on the
Closing Date, and concern sale so exit fee will be reduced to 0.5%.
A DIP Facility monitoring fee of $120,000 per annum, paid monthly
in advance in the amount $10,000 is also required under the DIP
Facility.

                       About Anna's Linens

Anna's Linens, a specialty retailer offering home textiles,
furnishings and decor at attractive prices, sought protection under
Chapter 11 of the Bankruptcy Code on June 14, 2015 (Bankr. C.D.
Calif., 15-13008).  Headquartered in Costa Mesa, California,
operates a chain of 268 company owned retail stores throughout 19
states in the United States (including Puerto Rico and Washington,
D.C.) generates over $300 million in annual revenue and employs a
workforce of over 2,500 associates.

The case is assigned to Judge Theodor Albert.

The Debtor's counsel is David B Golubchik, Esq., at Levene, Neale,
Bender, Yoo & Brill LLP, in Los Angeles, California.


ANNA'S LINENS: Seeks to Pay Warehouse, Carrier Lienholders
----------------------------------------------------------
Anna's Linens, Inc., seeks authority from the U.S. Bankruptcy Court
Central District of California, Santa Ana Division, to provide
adequate protection to holders of warehouse liens and carrier
liens.

The Debtor's supply chain involves a complex global system of
purchase orders from across the world, international shipments of
inventory on ocean carriers, receipt at ports, storage at
warehouses, and delivery by land carriers.  At each stage, these
various carriers and warehouses hold possessory liens by way of
contractual liens, warehouse liens, and carrier's liens.  The
exercise of these possessory lien rights and withholding of
inventory would be extremely disruptive to the Debtor's business
and would severely reduce the value of the Debtor's enterprise,
whether as a going concern or in an orderly liquidation,
John-Patrick M. Fritz, Esq., at Levene, Neale, Bender, Yoo & Brill
L.L.P., in Los Angeles, California, tells the Court.

For the preservation of the estate, it is imperative that the
Debtor's logistics, shipment, storage, and delivery of inventory
continue unimpaired, Mr. Fritz asserts.

By way of the Motion, the Debtor proposes to provide Possessory
Lien Creditors with adequate protection by making cash payments in
the ordinary course of business to apply to and reduce their
secured claims.  Furthermore, the Debtor will remain current on the
postpetition obligations to the Possessory Lien Creditors in the
ordinary course of business.  The Possessory Lien Creditors will
maintain their Possessory Lien rights to the same priority,
validity, and extent as their prepetition liens, but no Possessory
Lien Creditor will foreclose, sell, or deprive the Debtor of its
inventory and goods without relief from stay and a Bankruptcy Court
order.

The Debtor is also represented by David B. Golubchik, Esq., Eve H.
Karasik, Esq., and Juliet Y. Oh, Esq., at Levene, Neale, Bender,
Yoo & Brill L.L.P., in Los Angeles, California.

                       About Anna's Linens

Anna's Linens, a specialty retailer offering home textiles,
furnishings and decor at attractive prices, sought protection under
Chapter 11 of the Bankruptcy Code on June 14, 2015 (Bankr. C.D.
Calif., 15-13008).  Headquartered in Costa Mesa, California,
operates a chain of 268 company owned retail stores throughout 19
states in the United States (including Puerto Rico and Washington,
D.C.) generates over $300 million in annual revenue and employs a
workforce of over 2,500 associates.

The case is assigned to Judge Theodor Albert.

The Debtor's counsel is David B Golubchik, Esq., at Levene, Neale,
Bender, Yoo & Brill LLP, in Los Angeles, California.


ANNA'S LINENS: Seeks to Reject Leases for 8 Store Locations
-----------------------------------------------------------
Anna's Linens, Inc., seeks authority from the U.S. Bankruptcy Court
Central District of California, Santa Ana Division, to reject
unexpired non-residential real property leases for the following
locations:

   -- 2610 Mission Street, San Francisco, California;
   -- 4450 Camino De La Plaza, #B4, San Ysidro, California;
   -- 11255 Garland Road, Suite 1150, Dallas, Texas;
   -- 11852 Wikcrest Drive, Houston, Texas;
   -- 2801 Candler Road, Suite 61-B, Decatur, Georgia;
   -- 5370 Stone Mountain Highway, Stone Mountain, Georgia;
   -- 1535 University Boulevard E, Langley Park, Maryland; and
   -- 2349 Cherry Road, Rock Hill, South Carolina.

According to Lindsey L. Smith, Esq., at Levene, Neale, Bender, Yoo
& Brill L.L.P., in Los Angeles, California, the Debtor has
identified the eight retail store locations as among the least
profitable store locations and which the Debtor has determined
should be closed without delay.

The Debtor is also represented by David B. Golubchik, Esq., Eve H.
Karasik, Esq., and Juliet Y. Oh, Esq., at at Levene, Neale, Bender,
Yoo & Brill L.L.P., in Los Angeles, California.

                       About Anna's Linens

Anna's Linens, a specialty retailer offering home textiles,
furnishings and decor at attractive prices, sought protection under
Chapter 11 of the Bankruptcy Code on June 14, 2015 (Bankr. C.D.
Calif., 15-13008).  Headquartered in Costa Mesa, California,
operates a chain of 268 company owned retail stores throughout 19
states in the United States (including Puerto Rico and Washington,
D.C.) generates over $300 million in annual revenue and employs a
workforce of over 2,500 associates.

The case is assigned to Judge Theodor Albert.

The Debtor's counsel is David B Golubchik, Esq., at Levene, Neale,
Bender, Yoo & Brill LLP, in Los Angeles, California.


AP-LONG BEACH: Hires Stapleton Group as Property Manager
--------------------------------------------------------
AP-Long Beach Airport LLC seeks authorization from the Hon. Vincent
P. Zurzolo of the U.S. Bankruptcy Court for the Central District of
California to employ Stapleton Group as property manager, nunc pro
tunc to April 14, 2015.

The Debtor wishes to retain the Stapleton Group relating to the
Debtor's property located at 3205 Lakewood Boulevard, Long Beach
California consisting of a 206,945 square foot building at Long
Beach Airport (the "Long Beach Property).

The Debtor requires Stapleton Group to:

   (a) collect all rent and other payments due from tenants and
       any other sums due regarding the Long Beach Property;

   (b) enforce the Debtor's rights under tenant leases;

   (c) maintain and repair the Long Beach Property;

   (d) arrange for all utilities, services, equipment and supplies

       necessary for the management, operation, maintenance and
       servicing of the Long Beach Property;

   (e) forward to the Debtor all notices regarding personal and
       real property taxes and recommend from time to time the
       advisability of contesting either the validity or the
       amount of the taxes;

   (f) fully cooperate with the Debtor and its representatives,
       including leasing agents, tax consultants, brokers involved

       in the sale of the Long Beach Property, any potential
       purchaser of the Long Beach Property, appraisers, lenders,
       counsel or other party as the Debtor shall direct with the
       view that such representatives shall be able to perform
       their duties efficiently and without interference;

   (g) take such action as may be necessary to comply with any and

       all laws, ordinances, statutes and deed restrictions
       applicable to the Long Beach Property and the Stapleton
       Group's employees;

   (h) employ or engage, at all times, a sufficient number of
       capable employees, contractors and agents as may be
       necessary for the Stapleton Group to perform its
       obligations under the Agreement;

   (i) perform any other services normally performed in managing
       properties similar to the Long Beach Property or as may be
       reasonably requested by the Debtor;

   (j) enter into contracts on behalf of the Debtor in the
       ordinary course of the management of the Long Beach
       Property; and

   (k) deposit all funds collected relating to the Property,
       including security deposits, in such bank accounts as are
       established under the Postpetition Financing documents.

Stapleton Group has agreed to provide the services requested by the
Debtor for a fee of 3% of the aggregate gross revenues of the Long
Beach Property for the applicable monthly account period, as
described in greater detail in the Agreement (the "Management
Fees"). The Debtor anticipates that this fee will be approximately
$8,000 for the months of April, May, and June 2015, based on the
current revenues of the Long Beach Property.

The Debtor is requesting that the Court approve the retention of
the Stapleton Group and authorize the Debtor to pay the Stapleton
Group's fees, without the need for further approval by this Court,
as long as such fees do not exceed $8,500 per month. To the extent
that the Stapleton Group is required to provide further services
and incur additional fees beyond the scope of services and fees set
forth herein, the Stapleton Group will file an appropriate fee
application.

David Stapleton, founder of The Stapleton Group, 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.

Stapleton Group can be reached at:

       David Stapleton
       STAPLETON GROUP
       515 South Flower Street, 36th Floor
       Los Angeles, CA 90071
       Tel: (213) 235-0600
       Fax: (213) 235-0620

                       About AP-Long Beach

AP-Long Beach Airport LLC is a property-level subsidiary of The
Abbey Companies LLC.  The Abbey Companies and its more than 60
separate subsidiaries were founded by Donald G. Abbey.

AP-Long Beach Airport LLC is a single asset real estate that owns a
206,945-square foot building at Long Beach Airport, in Long Beach
California, that originally was an airplane hangar.  The building
is owned and operated by the company on land owned by, and leased
from, the City of Long Beach.

AP-Long Beach Airport LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 14-33372) on Dec. 19,
2014.  The case is assigned to Judge Vincent P. Zurzolo.

The Debtor's counsel is Alan J Friedman, Esq., and Kerri A Lyman,
Esq., at Irell & Manella LLP.

The Debtor disclosed $44.6 million in assets and $34.8 million in
liabilities as of the Chapter 11 filing.


ARMADA OIL: Reports $588K Net Loss in First Quarter
---------------------------------------------------
Armada Oil, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $587,862 on $168,327 of revenues for the
three months ended Mar. 31, 2015, compared with a net loss of
$622,498 on $3.17 million of revenues for the same period last
year.

The Company's balance sheet at Mar. 31, 2015, showed $20.93 million
in total assets, $7.42 million in total liabilities, and a
stockholders' equity of $13.51 million.

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

                         http://is.gd/kxZDn9

Armada Oil, Inc., acquires, drills, develops, produces and
rehabilitates oil and gas properties.  Armada Oil has interests in
the Lake Hermitage Field, Valentine Field, Larose Field, Bay
Batiste Field, and Manila Village Field in Plaquemines and
Lafourche Parishes in Louisiana; the Vernon Field and the
Winterschied Field in Kansas; Carbon County, Wyoming; and Java
Field in New York.

GBH CPAs, PC, expressed substantial doubt about the Company's
ability to continue as a going concern, citing that Armada Oil Inc.
has suffered recurring losses from operations and has a working
capital deficiency.

The Company reported net income of $1.55 million on $4.45 million
of revenues for the year ended Dec. 31, 2014, compared with a net
loss of $11.37 million on $12.44 million of revenues in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $21.3 million
in total assets, $7.3 million in total liabilities and total
stockholders' equity of $14.03 million.



ARMADA OIL: Reports $588K Net Loss in First Quarter
---------------------------------------------------
Armada Oil, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $587,862 on $168,327 of revenues for the
three months ended Mar. 31, 2015, compared with a net loss of
$622,498 on $3.17 million of revenues for the same period last
year.

The Company's balance sheet at Mar. 31, 2015, showed $20.93 million
in total assets, $7.42 million in total liabilities, and a
stockholders' equity of $13.51 million.

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

                         http://is.gd/kxZDn9

Armada Oil, Inc., acquires, drills, develops, produces and
rehabilitates oil and gas properties.  Armada Oil has interests in
the Lake Hermitage Field, Valentine Field, Larose Field, Bay
Batiste Field, and Manila Village Field in Plaquemines and
Lafourche Parishes in Louisiana; the Vernon Field and the
Winterschied Field in Kansas; Carbon County, Wyoming; and Java
Field in New York.

GBH CPAs, PC, expressed substantial doubt about the Company's
ability to continue as a going concern, citing that Armada Oil Inc.
has suffered recurring losses from operations and has a working
capital deficiency.

The Company reported net income of $1.55 million on $4.45 million
of revenues for the year ended Dec. 31, 2014, compared with a net
loss of $11.37 million on $12.44 million of revenues in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $21.3 million
in total assets, $7.3 million in total liabilities and total
stockholders' equity of $14.03 million.


ASG CONSOLIDATED: S&P Cuts CCR to CC & Sr. Sec. Debt Rating to CCC
------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Seattle-based ASG Consolidated LLC to 'CC' from 'CCC-'.
The outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's senior secured debt to 'CCC' from 'CCC+'.  The recovery
rating remains '1', indicating that lenders could expect very high
(90% to 100%) recovery in the event of a payment default.

S&P also lowered its ratings on ASG's senior subordinated notes to
'CCC-' from 'CCC'.  The recovery rating remains '2', indicating
S&P's expectation for substantial (70% to 90%, at the high end of
the range) recovery in the event of a payment default.

"The downgrades follow ASG's announcement that holders of its
unrated holding company PIK notes have entered into an agreement to
exchange the notes at what we understand to be a substantial
discount for either cash or equity," said Standard & Poor's credit
analyst Kim Logan.  "We view the exchange as distressed and
tantamount to a default."

"We understand that 86% of the noteholders have accepted the
agreement and believe they accepted the offer because of the
perceived risk that ASG may not fulfill its original obligations,"
said Ms. Logan.  "In our view, the offer is distressed rather than
opportunistic because there is a real possibility of a conventional
default over the short term; we see a risk that ASG could fail to
refinance its 2015 and 2016 debt maturities or file for
bankruptcy."

ASG and certain of its affiliates entered into a recapitalization
agreement (CRA) with a potential investor on May 28, 2015.  As part
of the CRA, the company would refinance its credit agreements.  The
company terminated the master waiver agreement that was in place
and entered into an amendment with the senior secured lenders to
provide covenant relief.  The amended credit facility extends the
previously provided covenant relief and requires the company to
provide a commitment letter for a refinancing of the operating
company on or before June 30, 2015. The company expects to
refinance or further extend the senior credit facility by July 15
in order to comply with covenants, and also plans to refinance its
subordinated notes.

Despite EBITDA improvement in the recent quarter, challenges
reflected in ASG's business risk profile include the company's
narrow product focus and participation in the commodity-oriented,
highly regulated, and somewhat volatile commercial fishing
industry.  Also, S&P believes operating performance is subject to
supply-and-demand vagaries related to its products, variable catch
volumes, and worldwide pricing movements that can affect financial
performance.

S&P believes the company's leverage is very high and increasing,
and cash flow-to-debt metrics are thin.  S&P estimates the ratio of
adjusted total debt to EBITDA of over 9x for the 12 months ended
March 31, 2015.  Increases in leverage reflect ASG's contracted
EBITDA and highly leveraged capital structure.



ASSOCIATED WHOLESALERS: Settles General Mills Claim
---------------------------------------------------
Kevin J. Carey of the U.S. Bankruptcy Court for the District of
Delaware entered an order approving Associated Wholesalers, Inc.,
et al.'s settlement agreement with General Mills Sales, Inc.,
resolving the remaining claim asserted pursuant to the Perishable
Agricultural Commodities Act.

Under the Agreement, the Debtors will pay General Mills $9,877.80.
A copy of the Agreement is available for free at:

                     http://is.gd/UDFvgF

General Mills said in February 2015 that the remaining unpaid
balance of its amended PACA claim in the amount of $40,282.35 is
entitled to payment from PACA trust monies.  The Debtor listed the
General Mills Claim as invaild remaining PACA claim that same
month.

                   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 were granted joint administration of
their Chapter 11 cases for procedural purposes, under the lead case
of AWI Delaware, Inc., Bankr. D. Del. Case No. 14-12092.

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

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

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

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

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

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


AURORA DIAGNOSTICS: Posts $9.4 Million Net Loss in First Quarter
----------------------------------------------------------------
Aurora Diagnostics Holdings, LLC, filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $9.40 million on $59.4 million of net revenue for the
three months ended March 31, 2015, compared to a net loss of $6.50
million on $57.0 million of net revenue for the same period in
2014.

As of March 31, 2015, the Company had $309 million in total assets,
$426 million in total liabilities and $117 million members'
deficit.

                      Cash and Working Capital

As of March 31, 2015, the Company had cash and cash equivalents of
$14.6 million and working capital of $14.1 million.  The Company's
primary uses of cash are to fund its operations, service debt,
including payments due under our contingent notes, make
acquisitions and purchase property and equipment.  Cash used to
fund its operations excludes the impact of non-cash items, such as
the allowance for doubtful accounts, depreciation, impairments of
goodwill and other intangible assets, changes in the fair value of
the contingent consideration and non-cash stock-based compensation,
and is impacted by the timing of the Company's payments of accounts
payable and accrued expenses and collections of accounts
receivable.

"We require significant cash flow to service our existing debt
obligations.  The reductions in Medicare reimbursement for 2013 and
2014, and the corresponding reduction in reimbursement from
non-governmental payors, have had a significant negative impact on
our free cash flows.  We believe our current cash and cash
equivalents, together with cash from operations and the $30.0
million available under our New Credit Facility, will be sufficient
to fund our working capital requirements through
March 31, 2016," the Company said in the report.  

                      Investor Conference Call

Aurora Diagnostics will hold a conference call to review its
results for the quarter and year ended Dec. 31, 2014, and the
quarter ended March 31, 2015, on Tuesday, June 23, 2015, at 11:00
a.m. Eastern Time.  The call may be accessed by dialing (877)
561-2748 for U.S. callers or (720) 545-0044 for international
callers. Please reference conference ID# 68124771.

The Company will provide a live internet webcast of the conference
call, as well as an archived replay, all of which can be accessed
from the Company's Investor Relations page at www.auroradx.com.  In
addition, a telephonic replay of the conference call will be
available through midnight on Tuesday, June 30, 2015, and can be
accessed by dialing (855) 859-2056 (toll free) or (404) 537-3406.
Please reference conference ID# 68124771.

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

                       http://is.gd/k5ApKo

                     About Aurora Diagnostics

Headquartered in Palm Beach Gardens, Florida, Aurora Diagnostics
Holdings, LLC, through its subsidiaries, provides physician-based
general anatomic and clinical pathology, dermatopathology,
molecular diagnostic services and other esoteric testing services
to physicians, hospitals, clinical laboratories and surgery
centers.  The company recognized approximately $260 million in
revenue for the 12 months ended June 30, 2013. The company is
majority owned by equity sponsors KRG Capital Partners and Summit
Partners.

Aurora Diagnostics reported a net loss of $55.4 million on $243
million of net revenue for the year ended Dec. 31, 2014, compared
to a net loss of $73.0 million on $248 million of net revenue for
the year ended Dec. 31, 2013.

                             *   *   *

As reported by the Troubled Company Reporter on Sept. 27, 2013,
Moody's Investors Service downgraded Aurora's Corporate Family
Rating to Caa2 from B3 and Probability of Default Rating to Caa2-
PD from B3-PD.  Moody's also lowered the debt ratings of Aurora
Diagnostics Holdings, LLC's and Aurora Diagnostics, LLC
(collectively Aurora).  Concurrently, Moody's downgraded Aurora's
Speculative Grade Liquidity Rating to SGL-4 from SGL-3. The
outlook for the ratings remains negative.

The downgrade of the ratings reflects Moody's expectation that the
company will see continued difficulty in mitigating a significant
decline in revenue and EBITDA.  This stems from a reduction in
Medicare reimbursement due to a decrease in rates and
sequestration, continued challenging volume growth trends and
threats of additional reimbursement reductions.  This will
negatively impact the company's credit metrics, constrain Aurora's
ability to repay debt and pressure the company's liquidity
position. Moody's also has concerns about the sustainability of
the company's capital structure given its significant debt load
and related interest burden.

In the Aug. 7, 2014, edition of the TCR, Standard & Poor's Ratings
Services raised its corporate credit rating on Palm Beach Gardens,
Fla.-based anatomic pathology services provider Aurora Diagnostics
Holdings LLC to 'CCC+' from 'CCC'.  The outlook is stable.


BERNARD L. MADOFF: Trustee, Former Investor Settle Competing Suits
------------------------------------------------------------------
Jacqueline Palank, writing for The Wall Street Journal, reported
that one of convicted Ponzi-scheme operator Bernard Madoff's former
investors will receive at least $58 million under a new settlement
announced on June 19.

According to the Journal, the deal, which is subject to
bankruptcy-court approval, resolves competing claims between
investor Plaza Investments International Ltd. and Irving Picard,
the official overseeing the liquidation of Mr. Madoff's investment
firm.

Mr. Picard had sued Plaza, a so-called feeder fund that pooled
investors' money and sent it Mr. Madoff's way, for the return of
$235 million in fraudulent profits it received as a result of Mr.
Madoff's Ponzi scheme, the Journal related.  Plaza, meanwhile, had
argued it was owed more than $280 million by Mr. Madoff's firm on
account of its investment losses, the Journal further related.

                    About Bernard L. Madoff

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

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

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

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

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

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims.  As of the end
of May 2015, the SIPA Trustee has recovered more than $10.699
billion and has distributed approximately $7.576 billion.  When
additional settlements awaiting distribution are taken into
account, the recovery in the Madoff liquidation proceeding totals
$10.734 billion.


BIG JACK: S&P Assigns 'B' CCR & Rates Sr. Secured Debt 'B'
----------------------------------------------------------
Standard & Poor's Ratings Services assigned a 'B' corporate credit
rating to quick service restaurant operator, Big Jack Holdings LP.
The outlook is stable.

At the same time, S&P assigned a 'B' issue-level rating to the
company's proposed senior secured credit facility with a recovery
rating of '3', indicating S&P's expectation for meaningful recovery
for lenders in the event of a payment default.  S&P's recovery
expectations are in the higher half of the 50% to 70% range.  The
senior secured credit facility consists of a $30 million revolving
credit facility due 2020 and a $230 million term loan B due 2022.

Proceeds from the proposed transaction and equity will be used to
fund the acquisition of Big Jack Holdings (Jack's) by Onex Partners
Manager LP (Onex), and pay related fees and expenses. Following the
close of the transaction, S&P expects the company to execute sale
leaseback transactions with proceeds going to Onex (subject to a
pro forma total first lien net leverage ratio), which will reduce
the equity contribution toward the purchase price.

"The rating on Homewood, Ala.-based Big Jack Holdings LP reflects
the company's small-sized position with about 129 locations,
limited product offering, geographic concentration in Alabama,
exposure to volatile commodity costs, and a highly leveraged
balance sheet following the acquisition.  Leverage is 4.2x pro
forma for the acquisition," said credit analyst Samantha Stone.
"The ratings also incorporate our expectation that the company will
complete sale leaseback transactions on most of its company-owned
restaurants after the acquisition closes.  We forecast leverage in
the mid-to-high 5x, assuming the transaction occurs in fiscal 2016.
A key rating risk is that operating strategies could deviate
following the change in ownership."

The rating outlook is stable.  S&P expects Jack's operating
performance will continue to improve from positive same-store sales
and store unit growth.  S&P thinks the company will pursue a
manageable store growth strategy with new units in the
mid-single-digit area.  S&P thinks the company will maintain
sufficient access to the revolving credit facility for operating
needs despite increased interest and rent expenses resulting from
the proposed acquisition and potential sale leaseback
arrangements.

S&P could consider a downgrade if liquidity becomes constrained or
if operating performance and credit measures deteriorate such that
leverage increases to over 6.5x and EBITDA interest coverage
declines below 2x.  Events that could cause a downgrade include a
sharp deterioration in operating performance or significant changes
in financial policy that leads to large debt financed dividends.

An upgrade is unlikely over the next 12 months, given the company's
ownership by financial sponsors that dictate financial policy.
Still, S&P could raise the ratings if the company meaningfully
builds scale while pursuing a prudent growth strategy, debt to
EBITDA is sustained below 5x, and funds from operations to debt
above 20%.



BINDER & BINDER: Judge Extends Deadline to Remove Suits to Nov. 12
------------------------------------------------------------------
U.S. Bankruptcy Judge Robert Drain has given Binder & Binder until
Nov. 12, 2015, to file notices of removal of lawsuits involving the
company and its affiliates.

                   About Binder & Binder

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

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

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

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in the Debtors' cases. The Committee is now comprised of
(i) United Service Workers Union, Local 455 IUJAT & Related Funds,
(ii) T&G Industries, Inc., (iii) WB Mason Co., and (iv)
Teaktronics, Inc.


BLACKSANDS PETROLEUM: Terminates CFO; Director Resigns
------------------------------------------------------
The Board of Directors of Blacksands Petroleum, Inc., terminated
Donald Giannattasio from his position as the chief financial
officer of the Company effective June 16, 2015, according to a
document filed with the Securities and Exchange Commission.

Al Conrad Kerr, Jr., resigned as a director of Blacksands effective
June 11, 2015.  In submitting in resignation, Mr. Kerr did not
express any disagreement with the Company on any matter relating to
the Company's operations, policies or practices.  

On June 16, 2015, the Board of Directors of the Company decreased
the size of the Board from three directors to two directors.

                    About Blacksands Petroleum

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

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

As of April 30, 2015, the Company had $1 million in total assets,
$8.6 million in total liabilities and a $7.6 million total
stockholders' deficiency.

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


BON-TON STORES: Shareholders Elect Nine Directors
-------------------------------------------------
The Bon-Ton Stores, Inc., held its annual meeting of shareholders
on June 16, 2015, at which three proposals were presented to the
Company's shareholders for consideration, according to a Form 8-K
report with the Securities and Exchange Commission.  

The shareholders (1) elected Lucinda M. Baier, Philip M. Browne,
Kathryn Bufano, Michael L. Gleim, Tim Grumbacher, Todd C. McCarty,
Daniel T. Motulsky, Jeffrey B. Sherman and Steven B. Silverstein
as directors to hold office until the 2016 Annual Meeting and until
their respective successors have been elected, (2) approved, on an
advisory basis, the compensation of the named executive officers of
the Company, and (3) ratified the appointment of KPMG LLP as the
Company's independent registered public accounting firm for the
year ending Jan. 30, 2016.

                       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 of May 2, 2015, the Company had $1.6 billion in total assets,
$1.5 billion in total liabilities and $54.4 million in total
shareholders' equity.

                           *     *     *

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.


BOOMERANG TUBE: Can Tap Donlin Recano as Claims & Noticing Agent
----------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware authorized Boomerang Tube, LLC, et al., to employ
Donlin, Recano & Company, Inc., as claims and noticing agent.

                       About Boomerang Tube

Boomerang Tube, LLC, is a manufacturer of welded Oil Country
Tubular Goods ("OCTG") in the United States.  OCTG are used by
drillers in exploration and production of oil and natural gas and
consist of drill pipe, casing and tubing.  Boomerang has corporate
offices in Chesterfield, Missouri and manufacturing facilities in
Liberty, Texas, strategically located near major steel production
centers and end-user markets.  With a 487,000 square foot plant
that houses two mills and heat treat lines and a contingent 119
acres, these facilities constitute the second largest alloy OCTG
mill in North America.  Access Tubulars, LLC, owns 81% of the
equity interests in Boomerang.

Boomerang Tube and its subsidiaries BTCSP LLC and BT Financing
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
15-11247) on June 9, 2015.  The cases are assigned to Judge Mary F.
Walrath.  The Debtors tapped Young Conaway Stargatt & Taylor, LLP,
as attorneys; Lazard Freres & Co. LLC, as financial advisor; and
Donlin, Recano & Co., Inc., as claims and noticing agent.


BOOMERANG TUBE: Court Issues Joint Administration Order
-------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware issued an order directing joint administration of the
Chapter 11 cases of Boomerang Tube, LLC, BTCSP, LLC, and BT
Financing, Inc., under Case No. 15-11247 (MWF).

                       About Boomerang Tube

Boomerang Tube, LLC, is a manufacturer of welded Oil Country
Tubular Goods ("OCTG") in the United States.  OCTG are used by
drillers in exploration and production of oil and natural gas and
consist of drill pipe, casing and tubing.  Boomerang has corporate
offices in Chesterfield, Missouri and manufacturing facilities in
Liberty, Texas, strategically located near major steel production
centers and end-user markets.  With a 487,000 square foot plant
that houses two mills and heat treat lines and a contingent 119
acres, these facilities constitute the second largest alloy OCTG
mill in North America.  Access Tubulars, LLC, owns 81% of the
equity interests in Boomerang.

Boomerang Tube and its subsidiaries BTCSP LLC and BT Financing
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
15-11247) on June 9, 2015.  The cases are assigned to Judge Mary F.
Walrath.  The Debtors tapped Young Conaway Stargatt & Taylor, LLP,
as attorneys; Lazard Freres & Co. LLC, as financial advisor; and
Donlin, Recano & Co., Inc., as claims and noticing agent.


BOOMERANG TUBE: Has Authority to Use $625,000 to Pay Employees
--------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware gave Boomerang Tube, LLC, et al., limited authority to
use cash collateral securing their prepetition indebtedness in an
amount not to exceed $625,000, to fund the current payroll due to
approximately 343 employees.

The Debtors are obligors under an $85 million secured credit
facility with Wells Fargo Capital Finance, LLC, as administrative
agent and lender, and certain other lenders.  The Debtors
maintained approximately $50,000 of cash collateral on hand as of
the Petition Date, and the Debtors have received not less than
$580,000 into the lockboxes administered in connection with the
Prepetition Revolving Loan Credit Agreement.

                       About Boomerang Tube

Boomerang Tube, LLC, is a manufacturer of welded Oil Country
Tubular Goods ("OCTG") in the United States.  OCTG are used by
drillers in exploration and production of oil and natural gas and
consist of drill pipe, casing and tubing.  Boomerang has corporate
offices in Chesterfield, Missouri and manufacturing facilities in
Liberty, Texas, strategically located near major steel production
centers and end-user markets.  With a 487,000 square foot plant
that houses two mills and heat treat lines and a contingent 119
acres, these facilities constitute the second largest alloy OCTG
mill in North America.  Access Tubulars, LLC, owns 81% of the
equity interests in Boomerang.

Boomerang Tube and its subsidiaries BTCSP LLC and BT Financing
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
15-11247) on June 9, 2015.  The cases are assigned to Judge Mary F.
Walrath.  The Debtors tapped Young Conaway Stargatt & Taylor, LLP,
as attorneys; Lazard Freres & Co. LLC, as financial advisor; and
Donlin, Recano & Co., Inc., as claims and noticing agent.


BOOMERANG TUBE: Has Interim OK to Pay $2.0MM to Critical Vendors
----------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware gave Boomerang Tube, LLC, et al., interim authority to
pay the prepetition claims of critical vendors in the aggregate
amount not to exceed $2.0 million.

The Debtors were also given interim authority to pay shippers and
warehousemen on account of their prepetition claims in an aggregate
amount not to exceed $475,000.

The final hearing is scheduled for July 10, 2015, at 12:00 p.m.,
(ET).  Any objection to entry of a final order on the motion must
be filed on or before July 2.  If no objections are timely filed,
the Debtors will submit to the Court a final order regarding the
relief sought in the motion, which order may be entered without a
final hearing.

                       About Boomerang Tube

Boomerang Tube, LLC, is a manufacturer of welded Oil Country
Tubular Goods ("OCTG") in the United States.  OCTG are used by
drillers in exploration and production of oil and natural gas and
consist of drill pipe, casing and tubing.  Boomerang has corporate
offices in Chesterfield, Missouri and manufacturing facilities in
Liberty, Texas, strategically located near major steel production
centers and end-user markets.  With a 487,000 square foot plant
that houses two mills and heat treat lines and a contingent 119
acres, these facilities constitute the second largest alloy OCTG
mill in North America.  Access Tubulars, LLC, owns 81% of the
equity interests in Boomerang.

Boomerang Tube and its subsidiaries BTCSP LLC and BT Financing
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
15-11247) on June 9, 2015.  The cases are assigned to Judge Mary
F.
Walrath.  The Debtors tapped Young Conaway Stargatt & Taylor, LLP,
as attorneys; Lazard Freres & Co. LLC, as financial advisor; and
Donlin, Recano & Co., Inc., as claims and noticing agent.


BPZ RESOURCES: Court Okays Sale Protocol; Bids Due June 26
----------------------------------------------------------
BPZ Resources, Inc., won approval from the U.S. Bankruptcy Court
for the Southern District of Texas, Victoria Division, of its
motion to, among other things, approve the sale of substantially
all of the Company's assets and, in connection with such sale,
establish bidding procedures and an auction.  The Court approved
the motion on June 12, 2015. The deadline for submitting a bid is
June 26. To the extent at least two qualified bids are received, an
auction will be held on June 30. The Court will consider approval
of the sale on July 7.

On June 8, the Company issued a press release announcing that its
Board of Directors has determined that it is in the best interest
of the Company's stakeholders for the Company to undertake an
organized process to attempt to sell, in a single transaction,
substantially all of its assets, subject to the necessary approvals
by the bankruptcy court overseeing the Company's case.

As previously announced, and in connection with its Chapter 11
filing, the Company has been engaged in a lengthy and intensive
evaluation of potential strategic alternatives in order to preserve
and maximize stakeholder value.  The potential alternatives
included:

     (i) pursuing a strategic transaction with a third party, such
as a merger or sale of the Company;

    (ii) the reinvestment of the Company's liquid assets in
favorable opportunities; and

   (iii) pursuing third party financing for ongoing operations.

The Company on June 8, filed with the Court a motion to, among
other things, approve the sale of substantially all of the
Company's assets and, in connection with such sale, establish
bidding procedures and an auction.

                        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.

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.


C. WONDER: Has OK to Wind Down Non-Debtor Foreign Subsidiaries
--------------------------------------------------------------
The Hon. Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey has authorized C. Wonder LLC, et al., to
cause the orderly wind-down and dissolution of their non-debtor
foreign subsidiaries.

The Debtors are authorized to cause the wind-down and dissolution,
provided, however, the Debtors will spend no more than $40,000 to
do so, and provided that the Debtors may seek the consent of the
Official Committee of Unsecured Creditors to increase the cap.

                         About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells WOMEN'S CLOTHING,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in Soho,
New York.  Amid mounting losses, C. Wonder closed 16 of its retail
stores by the end of 2014.   C. Wonder closed 9 additional stores
in January 2015.  As of the bankruptcy filing, C. Wonder had four
retail stores in the U.S. (Soho, Flat Iron, Time Warner Center and
Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.

The Debtors tapped Cole, Schotz, Meisel, Forman & Leonard, P.A., as
counsel, and Marotta, Gund, Budd & Dzera, LLC, as crisis management
services provider.

As of the Filing Date, the Debtors had assets with a book value of
$43.7 million and liabilities of $61.0 million.

The U.S. Trustee for Region 3 appointed three members to the
Official Committee of Unsecured Creditors.  The Creditors'
Committee has tapped Porzio, Bromberg & Newman, P.C., as counsel,
and CBIZ Accounting, Tax & Advisory of New York, LLC, as financial
advisors.


CAL DIVE: Affiliate Sells Atlantic to Weeks Marine for $4.5-Mil.
----------------------------------------------------------------
An affiliate of Cal Dive International Inc. has sold its derrick
barge called Atlantic for $4.5 million.

Cal Dive Offshore Contractors Inc. sold the vessel to Weeks Marine
Inc. after the deal was approved on May 29 by U.S. Bankruptcy Judge
Christopher Sontchi, who oversees the Chapter 11 cases of the
company and its affiliates.

The U.S. trustee, the Justice Department's bankruptcy watchdog,
previously filed an objection to the sale in which it questioned
the breakup fee that Weeks Marine would receive in case Cal Dive
accepted a competing offer for the vessel.  

The agency argued the breakup fee was not justified since the
transaction was merely a private sale of "one discrete, non-core
asset."

Cal Dive resolved the objection by inserting language in the court
order clarifying that the buyer is not entitled to a breakup fee.

The company also received another objection to the sale from a
supplier Airgas USA, LLC.  In court papers, Airgas expressed
concern the equipment it supplied to the company would be included
in the sale.  

The objection was also resolved prior to the sale but it did not
result in any changes to the order, court filings show.

                   About Cal Dive International

Houston, Texas-based marine contractor Cal Dive International,
Inc., 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.

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; Jones Walker Jones Walker LLP
as corporate 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 case.  The Committee retained Akin Gump
Strauss Hauer & Feld LLP and Pepper Hamilton LLP as co-counsel; and
Guggenheim Securities, LLC as exclusive investment banker.

Cal Dive Offshore Contractors, Inc. disclosed total assets of
$233,273,806 and $311,339,932 in liabilities as of the Chapter 11
filing.


CAL DIVE: Hearing on Bid for Maritime Lienholders Committee Today
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will convene
a hearing today, June 22, 2015, at 11:00 a.m., to consider the
motion of certain maritime claimants for entry of an order
directing the appointment of an Official Committee of Maritime
Lienholders in the Chapter 11 cases of Cal Dive International,
Inc., et al.

Doerle Food Services, Inc., McDonough Marine Service, and MacTech
Offshore, Inc. (collectively, the Maritime Claimant Group)
requested that the Court direct the U.S. Trustee to appoint a
Committee of Maritime Lienholders.

Gulf Resource Management, Inc., United Tugs, Inc., Louisiana
Machinery Co., L.L.C., Cochrane Technologies, Inc., Conmaco Rector,
L.P., Maritime Transportation Services, Inc., Central Gulf Towing,
LLC, Bollinger Quick Repair, LLC, Bollinger Larose, L.L.C.,
Bollinger Morgan City, L.L.C., Bollinger Texas, L.P., Fugro Chance,
Inc., Fugro Satellite Positioning, Inc., Fugro McClelland Marine
Geosciences, Inc., and Gulf Offshore Logistics, LLC (Joining
Lienholders) joined in the Maritime Lienholders' Committee motion,
and urged the Court to direct the appointment of an Official
Maritime Lienholders' Committee.

At the hearing, the Court will also consider the objections and
joinders to the objections.

The Debtors, in their objection, stated that generally speaking,
maritime lienholders fall into one of two categories -- secured or
unsecured.  According to the Debtors, merging these disparate
constituencies into a single committee would only increase delay
and conflict in the cases.  Moreover, the Debtors point out that
neither group of maritime lienholders require a committee to
participate in the cases.  To the extent they are secured, maritime
lienholders are not entitled to and do not require an official
committee to protect their interests, the Debtors tell the Court.

The Official Committee of Unsecured Creditors, and Bank of America,
N.A., as agent for the lenders under the DIP Facility Agreement,
filed joinders in the Debtors' objection.  ABC Funding, LLC, as
administrative agent under the Amended and Restated Credit
Agreement, dated as of May 9, 2014, also objected, saying that it
is improper to form an official committee that represents all
maritime claimants (including creditors that may hold maritime
liens for claims other than necessaries) because certain maritime
claimants may prime the Debtors' postpetition DIP facility and may
be fully secured, while other maritime claimants may be
undersecured or fully unsecured.

Andrew R. Vara, Acting U.S. Trustee for Region 3, objected to the
motion, stating that Maritime Lienholders do not share a common
interest that an official committee could represent in the cases.
Different categories of maritime liens may compete with one another
for payment priority with respect to the sale proceeds of each of
the Debtors' vessels.

The U.S. Trustee is represented by:

         Benjamin A. Hackman, Esq.
         United States Department of Justice
         Office of the United States Trustee
         J. Caleb Boggs Federal Building
         844 King Street, Suite 2207, Lockbox 35
         Wilmington, DE 19801
         Tel: (302) 573-6491
         Fax: (302) 573-6497

                   About Cal Dive International

Houston, Texas-based marine contractor Cal Dive International,
Inc., 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.

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; Jones Walker Jones Walker
LLP
as corporate 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 case.  The Committee retained Akin Gump
Strauss Hauer & Feld LLP and Pepper Hamilton LLP as co-counsel;
and
Guggenheim Securities, LLC as exclusive investment banker.

Cal Dive Offshore Contractors, Inc., disclosed total assets of
$233,273,806 and $311,339,932 in liabilities as of the Chapter 11
filing.



CAL DIVE: Hearing on Subsidiary Sale Set for July 24
----------------------------------------------------
Cal Dive International, Inc.'s wholly-owned subsidiary, Debtor Cal
Dive Offshore Contractors, Inc., entered into an Acquisition
Agreement, by and among CDOCI, non-Debtor Cal Dive International
Pte. Ltd., a wholly-owned subsidiary of CDOCI organized in
Singapore, and Shelf Subsea Services Pte. Ltd. ("Purchaser"), for
the sale of all of the stock of non-Debtor Cal Dive International
(Australia) Pty Ltd, a wholly-owned subsidiary of Cal Dive
Singapore, and certain other assets of CDOCI and Cal Dive Singapore
used in its Eastern Hemisphere diving business for $17 million in
cash, subject to a customary post-closing working capital
adjustment.

The Agreement contains a non-competition provision which would
prohibit Cal Dive Singapore and its affiliates from engaging in
competing business activities in certain countries in the Eastern
Hemisphere for two years following the closing of the sale;
however, this provision will not be binding on any subsequent
purchaser of Cal Dive Singapore or any of Cal Dive Singapore's
affiliates.  The Agreement also requires Cal Dive Singapore, upon
approval of a competing transaction for the sale of Cal Dive
Australia or the other assets included within the sale, to pay a
break-up fee to Purchaser in the amount of 3% of the purchase price
and to reimburse the Purchaser up to $500,000  for its
out-of-pocket expenses.  This break-up fee and expense
reimbursement obligation would also be triggered by a sale of the
entirety of the Company or any group of the Company's subsidiaries
or assets of which Cal Dive Australia and the other assets covered
by the Agreement are a part.  Completion of the sale is subject to
satisfaction of several conditions, including (i) approval by the
Bankruptcy Court in the Chapter 11 Cases, (ii) the accuracy of
representations and warranties of the parties and (iii) compliance
with the obligations set forth in the Agreement.

The sale pursuant to the Agreement will be  conducted under the
provisions of Section 363 of the Bankruptcy Code and will be
subject to higher or better offers at any time up until the
expiration of an auction period declared by the Bankruptcy Court,
which period is expected to end by late July.  In connection with
the signing of the Agreement, the Company filed a motion in the
Bankruptcy Court seeking to have the Purchaser declared the
stalking horse purchaser for this sale.  A hearing on this motion
will be held on June 22, 2015.   In accordance with a motion filed
by the Company in the Bankruptcy Court related to bid procedures in
the Chapter 11 Cases (which will also be heard on June 22, 2015),
the Company expects the proposed sale to be considered by the
Bankruptcy Court at a hearing on July 24, 2015, and if approved, to
close soon thereafter.

A full-text copy of the Aquisition Agreement is available for free
at http://is.gd/9oE90Y

                   About Cal Dive International

Houston, Texas-based marine contractor Cal Dive International,
Inc., 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.

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; Jones Walker Jones Walker LLP
as corporate 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 case.  The Committee retained Akin Gump
Strauss Hauer & Feld LLP and Pepper Hamilton LLP as co-counsel; and
Guggenheim Securities, LLC as exclusive investment banker.

Cal Dive Offshore Contractors, Inc. disclosed total assets of
$233,273,806 and $311,339,932 in liabilities as of the Chapter 11
filing.


CAL DIVE: Hearing Today on Claims Bar Date Motion
-------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will convene
a hearing today, June 22, 2015 at 11:00 a.m., on Cal Dive
International, Inc., et al.'s motion to establish deadlines to file
proofs of claim against the Debtors.

The Court will also consider the objections and joinders to
objections to the motion.

Doerle Food Services, Inc., McDonough Marine Service, and MacTech
Offshore, Inc. (collectively, the Maritime Claimants) -- each
holding maritime liens under the Federal Maritime Lien Act on
vessels owned by the Debtors -- objected to the bar date motion,
noting that the relief requested in the bar date motion contravenes
the Bankruptcy Code and puts onerous and improper requirements on
the Maritime Claimants to the extent they choose to file proofs of
claim.  The bar date order accordingly must be modified, they say.

Gulf Copper & Manufacturing Corp. filed a joinder to the objection
of the Maritime Claimants.

The Debtors filed a motion asking that (i) the general bar date be
set for Aug. 10, 2015, at 5:00 p.m.; and (ii) the governmental unit
bar date be set for Sept. 2, at 5:00 p.m.

All proofs of claim must be received by the Debtors' claims agent,
Kurtzman Carson Consultants LLC, either by (i) mailing the original
proof of claim by regular mail to or (ii) delivering such original
proof of claim by overnight mail, courier service, hand delivery or
in person to:

        Cal Dive Claims Processing
        c/o Kurtzman Carson Consultants LLC
        2335 Alaska Avenue
        El Segundo, CA 90245

                   About Cal Dive International

Houston, Texas-based marine contractor Cal Dive International,
Inc., 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.

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; Jones Walker Jones Walker
LLP
as corporate 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 case.  The Committee retained Akin Gump
Strauss Hauer & Feld LLP and Pepper Hamilton LLP as co-counsel;
and
Guggenheim Securities, LLC as exclusive investment banker.

Cal Dive Offshore Contractors, Inc., disclosed total assets of
$233,273,806 and $311,339,932 in liabilities as of the Chapter 11
filing.



CAL DIVE: Hearing Today on Extension of Lease Decision Deadline
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will convene
a hearing today,
June 22, 2015, at 11:00 a.m., to consider Cal Dive International,
Inc., et al.'s motion to extend the time to assume or reject
unexpired leases of nonresidential real property until Sept. 29,
2015.

The Debtors are parties to two unexpired leases.  First, under the
Office Lease Agreement, dated May 19, 2000, between Cal Dive and
2500 CityWest Blvd, LLC, Cal Dive leases office space for Debtors'
corporate headquarters in Houston, Texas.  Second, under the
Commercial Lease, dated Sept. 24, 2012, between Cal Dive Offshore
Contractors, Inc. and Sabine Breakwater LLC, CDOCI leases a dock
facility in Jefferson County, Texas, where several of the Debtors'
vessels and related equipment are stored.

Absent the extension, the 120-day period established by Section
365(d)(4)(A) expires on
July 1, 2015.

                   About Cal Dive International

Houston, Texas-based marine contractor Cal Dive International,
Inc., 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.

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; Jones Walker Jones Walker
LLP
as corporate 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 case.  The Committee retained Akin Gump
Strauss Hauer & Feld LLP and Pepper Hamilton LLP as co-counsel;
and
Guggenheim Securities, LLC as exclusive investment banker.

Cal Dive Offshore Contractors, Inc., disclosed total assets of
$233,273,806 and $311,339,932 in liabilities as of the Chapter 11
filing.


CAREFREE WILLOWS: Bid for Settlement Conference With AG Denied
--------------------------------------------------------------
The Hon. Mike K. Nakagawa of the U.S. Bankruptcy Court for the
District of Nevada has denied Carefree Willows, LLC's motion to set
pending matters for settlement conference.

On March 25, 2015, Debtor filed a motion requesting an order
requiring AG/ICC Willows Loan Owner, LLC, to participate in a court
supervised settlement conference to resolve the many matters in
dispute between the parties.  AG objected to the motion.

The Debtor acknowledged the difficult relationship between the
parties, but suggested that a settlement conference would be more
productive because Steven Kalb, the head of the advisory board for
Carefree Holdings, LP, would represent the Debtor rather than Ken
Templeton, the manager of the Debtor.

The Debtor represented that if Mr. Kalb attends the requested
settlement conference, he would have settlement authority.  AG
viewed the requested mediation to be a waste of time and expense as
long as Mr. Templeton calls the shots for the Debtor to minimize
his personal exposure under the guaranties of the AG obligation.

                      About Carefree Willows

Carefree Willows LLC is the owner of a 300-unit senior housing
complex, located 3250 S. Town Center Drive, in Las Vegas, Nevada.
Carefree Willows filed a Chapter 11 petition (Bankr. D. Nev. Case
No. 10-29932) on Oct. 22, 2010.  The Debtor disclosed $30.6 million
in assets and $36.5 million in liabilities as of the Chapter 11
filing.

The Law Offices of Alan R. Smith, in Reno, Nevada, serves as
counsel to the Debtor.  AG/ICC Willows Loan Owner, LLC, is
represented in the case by Ali M.M. Mojdehi, Esq., Allison Rego,
Esq., Janet Dean Gertz, Esq., at COOLEY LLP.


CHAMPION INDUSTRIES: Posts $48,000 Net Income in Second Quarter
---------------------------------------------------------------
Champion Industries, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $47,900 on $16.2 million of total revenues for the three months
ended April 30, 2015, compared with a net loss of $248,000 on
$15.03 million of total revenues for the same period in 2014.

For the six months ended April 30, 2015, the Company reported a net
loss of $420,000 on $31.1 million of total revenues compared to a
net loss of $879,000 on $30.4 million of total revenue for the same
period last year.

As of April 30, 2015, the Company had $24.4 million in total
assets, $21.6 million in total liabilities and $2.8 million in
shareholders' equity.

"The Company has historically used cash generated from operating
activities and debt to finance capital expenditures.  Management
plans to continue making required investments in equipment based on
available liquidity.  For the foreseeable future, including through
Fiscal 2015, the Company's ability to fund operations, meet debt
service requirements and make planned capital expenditures is
contingent on the Company's ability to manage its working capital
and to maintain sufficient trade credit availability," the Company
states in the report.

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

                        http://is.gd/qDf5Rq

                     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.


CITADEL ENERGY: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                       Case No.
      ------                                       --------
      Citadel Energy Holdings, LLC                 15-11322
      502 3rd Avenue, SW
      Watford, ND 58854

      Citadel Watford City Disposal Partners, LP   15-11323
      503 3rd Avenue, SW
      Watford, ND 58854

      Pembroke Fields, LLC                         15-11324
      502 3rd Avenue, SW
      Watford, ND 58854

      Citadel Energy SWD Holdings, LLC             15-11325
      502 3rd Avenue, SW
      Watford, ND 58854

      Citadel Energy Services, LLC                 15-11326
      502 3rd Avenue, SW
      Watford, ND 58854

Chapter 11 Petition Date: June 19, 2015

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

Judge: Hon. Kevin J. Carey

Debtors' Counsel: Michael G. Busenkell, Esq.
                  GELLERT SCALI BUSENKELL & BROWN, LLC
                  913 N. Market St., 10th Floor
                  Wilmington, DE 19801
                  Tel: 302.425.5812
                  Fax: 302.425.5814
                  Email: mbusenkell@gsbblaw.com

                                          Estimated   Estimated
                                           Assets     Liabilities
                                         ----------   -----------
Citadel Energy Holdings, LLC              $0-$50K       $0-$50K
Citadel Watford City Disposal Partners   $500K-$1MM   $500K-$1MM
Pembroke Fields, LLC                     $1MM-$10MM   $1MM-$10MM
Citadel Energy SWD Holdings               $0-$50K       $0-$50K
Citadel Energy Services                  $1MM-$10MM    $1MM-$10MM

The petitions were signed by Mark Dunaway, manager.

The Debtors did not include a list of their largest unsecured
creditors when they filed the petitions.


CNO FINANCIAL: S&P Alters Outlook to Positive & Affirms 'BB+' CCR
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it revised the outlook
on CNO Financial Group to positive from stable.  At the same time,
S&P affirmed its ratings on the group and its core operating
subsidiaries, including the 'BB+' long-term counterparty credit
rating and 'BBB+' financial strength rating on CNO Financial Group.
S&P's ratings on CNO Financial include its operating subsidiaries
Bankers Conseco Life Insurance Co., Bankers Life & Casualty Co.,
Washington National Insurance Co., and Colonial Penn Life Insurance
Co.

"The positive outlook reflects CNO Financial's continued
improvement of its business and financial risk profiles," said
Standard & Poor's credit analyst Anthony Beato.  This has been
achieved through various de-risking initiatives to reduce legacy
related exposures from Conseco Life Insurance Co., while reducing
exposure to lifetime benefit long-term care product offerings.  CNO
Financial also continues to grow its sales (with a market focus on
life, annuity, Medicare supplement, and supplemental health
products), as measured by net annualized premiums of more than $425
million as of year-end 2014.  This growth in sales continues to
improve the organization's operating performance, leading to a
generally accepted accounting principles (GAAP) adjusted EBIT as of
year-end 2014 of $434 million, up about 31% since 2010.  The
organization also is focused on the profitability and margins of
its product lines, reserving conservatively where necessary.

The positive outlook reflects S&P's view that it could raise the
ratings on CNO Financial Group in the next 18-24 months.  This is
based on S&P's expectation that the company will sustain its
position in the middle and senior markets while further improving
its robust sales growth at profitable margins, potentially through
agent productivity gains.  S&P also expects CNO Financial to
further improve its operating performance on a GAAP basis,
reporting consistent return on equity metrics in excess of 7%. This
would be accomplished by reporting GAAP adjusted EBIT in excess of
$375 million consistently, with expected increases in premiums
earned translating to revenue in excess of $2.7 billion.

"We could affirm our ratings on CNO Financial with a stable outlook
if, contrary to our expectations, CNO Financial's operating
performance as measured by adjusted EBIT, return on revenue, return
on assets, and operating margin were to deteriorate to
significantly less than our expectations for a prolonged period
outside of our two-year ratings horizon.  Such could be caused by
significant decreases in earned premium or investment yield, by
significant increases in claims incurred, or through reserve
charges related to long-term care.  We could also affirm the
current ratings if CNO Financial were to adopt more-aggressive
financial policies resulting in increases in share repurchase
guidance, financial leverage metrics in excess of 35%, and EBITDA
fixed-charge coverage of less than 5.0x for a prolonged period of
time," S&P said.

"We expect CNO Financial to maintain its upper adequate financial
risk profile, as it further de-risks certain business lines while
investing in operational efficiencies to improve margin across the
enterprise.  Through 2016, we expect CNO Financial to report
top-line margin growth due to continued investment in
care-management protocols in its Medicare supplement and long-term
care lines of business, while improving its life sales through its
operating subsidiaries.  This will translate to a statutory
adjusted EBIT in excess of $315 million annually, with growth in
overall assets, resulting in a return on assets in excess of 175
basis points.  We also expect CNO Financial to become more
conservative with its capital management and deployment strategies,
decreasing dividends from its operating subsidiaries to help foster
growth and defend against the low interest rate environment.  We
expect CNO Financial to maintain capital within or above our 'BBB'
ratings confidence level as measured by our risk-based capital
model for the next 18-24 months.  We also expect the company to
maintain financial leverage of less than 35% and EBITDA
fixed-charge coverage in excess of 7.0x," S&P added.



COATES INTERNATIONAL: Obtains $77,500 From Securities Sale
----------------------------------------------------------
Coates International, Ltd. received the net proceeds of a
securities purchase agreement and related convertible promissory
note, dated June 12, 2015, in the face amount of $77,500 issued to
Vis Vires Group, Inc., according to a Form 8-K filed with the
Securities and Exchange Commission.

The Promissory Note matures in March 2016 and provides for interest
at the rate of eight percent per annum.  The Note may be converted
into unregistered shares of the Company's common stock, par value
$0.0001 per share, at the Conversion Price, as defined, in whole,
or in part, at any time beginning 180 days after the date of the
Note, at the option of the Holder.  All outstanding principal and
unpaid accrued interest is due at maturity, if not converted prior
thereto.  The Company incurred expenses amounting to $2,500 in
connection with this transaction.

The Conversion Price will be equal to 61% multiplied by the Market
Price.  The Market Price will be equal to the average of the three
lowest closing bid prices of the Company's common stock on the
OTCQB during the 10 trading-day period ending one trading day prior
to the date of conversion by the Holder.  The Conversion Price is
subject to adjustment for changes in the capital structure such as
stock dividends, stock splits or rights offerings.  The number of
shares of common stock to be issued upon conversion will be equal
to the aggregate amount of principal, interest and penalties, if
any divided by the Conversion Price. The Holder anticipates that
upon any conversion, the shares of stock it receives from the
Registrant will be freely tradable in compliance with Rule 144 of
the U.S. Securities and Exchange Commission.

The Conversion Price is subject to adjustment in the event of any
of the following:

    1. During the period when a Major Announcement by the
       Company relating to a merger, consolidation, sale of the
       Company or substantially all of its assets or tender offer
       is in effect.

    2. A merger, consolidation, exchange of shares,
       recapitalization, reorganization or other similar event
       being consummated.

These notes may be prepaid during the first six months the notes
are outstanding by paying a prepayment penalty equal to 30% during
the first 60 days, increasing in 5% increments each month
thereafter, to a maximum of 50%.  The Company has reserved
260,000,000 shares of its unissued common stock for potential
conversion of the convertible note.

The Company has substantially reduced its reliance on the use of
convertible promissory notes to provide working capital since the
end of 2014.  At Dec. 31, 2014, the principal amount of outstanding
convertible notes was approximately $696,000.  As of June 19, 2015,
the balance of all outstanding convertible promissory notes had
been reduced to approximately $241,000.

                           About Coates

Based in Wall Township, N.J., Coates International, Ltd.
(OTC BB: COTE) -- http://www.coatesengine.com/-- was
incorporated  on August 31, 1988, for the purpose of researching,
patenting and manufacturing technology associated with a spherical
rotary valve system for internal combustion engines.  This
technology was developed over a period of 15 years by Mr. George
J. Coates, who is the President and Chairman of the Board of the
Company.

The Coates Spherical Rotary Valve System (CSRV) represents a
revolutionary departure from the conventional poppet valve.  It
changes the means of delivering the air and fuel mixture to the
firing chamber of an internal combustion engine and of expelling
the exhaust produced when the mixture ignites.

As of March 31, 2015, the Company had $2.36 million in total
assets, $7.88 million in total liabilities and a $5.52 million
total stockholders' deficiency.

In its report on the consolidated financial statements for the year
ended Dec. 31, 2014, Cowan, Gunteski & Co., P.A., expressed
substantial doubt about the Company's ability to continue as a
going concern, citing that the Company continues to have negative
cash flows from operations, recurring losses from operations, and a
stockholders' deficiency.


COLT DEFENSE: Asks for SEC Consent to Withdraw Form T-3 Indenture
-----------------------------------------------------------------
Colt Defense LLC, which recently filed for Chapter 11 protection,
delivered a letter to the Securities and Exchange Commission asking
the agency to consent to the withdrawal of the Company's
application for qualification of an indenture on Form T-3.

Specifically, the letter, dated June 15, stated:

"In accordance with Section 307(a) of the Trust Indenture Act of
1939, as amended (the "TIA"), each of Colt Defense LLC, a Delaware
limited liability company, and Colt Finance Corp., a Delaware
corporation, as the "Issuers," and Colt Defense Technical Services
LLC, a Delaware limited liability company, New Colt Holding Corp.,
a Delaware corporation, Colt's Manufacturing Company LLC, a
Delaware limited liability company, Colt Canada Corporation, an
Nova Scotia, Canada unlimited company and Colt International
Cooperatief U.A., a Netherlands cooperative, collectively as the
"Subsidiary Guarantors" (and together with the Issuers, the
"Applicants"), hereby respectfully requests that the Securities and
Exchange Commission (the "Commission") immediately or as soon as
practicable after the date hereof consent to the withdrawal of the
Applicants' above-captioned application for qualification of an
indenture on Form T-3, originally filed by the Applicants on April
15, 2015, including all exhibits filed therewith and all amendments
thereto (collectively, the "Application").

"The Applicants submit this request for withdrawal as the Issuers
do not intend to pursue the contemplated offering of securities (as
described in the Application) under an indenture required to be
qualified under the TIA.  The Applicants confirm that no securities
have been or will be distributed, issued or sold pursuant to the
Application and that the Application has not been declared
effective by the Commission.

"Please send a copy of the order consenting to the withdrawal of
the Application to John H. Coghlin, General Counsel of the
Applicants, at the above­mentioned address, email:
jcoghlin@omm.com, with a copy to:

     John-Paul Motley
     O'Melveny & Myers LLP
     400 South Hope Street, 18th Floor
     Los Angeles, CA 90071
     E-mail: jpmotley@omm.com

                            About Colt

Colt Defense LLC is one of the world's oldest and most iconic
designers, developers, and manufacturers of firearms for military,
law enforcement, personal defense, and recreational purposes and
was founded over 175 years ago by Samuel Colt, who patented the
first commercial successful revolving cylinder firearm in 1836 and
began supplying U.S. and international military customers with
firearms in 1847.  Colt is incorporated in Delaware and
headquartered in West Hartford, Connecticut.

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed chapter 11 petitions in the U.S. Bankruptcy
Court
for the District of Connecticut.  An investment by Zilkha & Co.
allowed CMC to confirm a chapter 11 plan and emerge from
bankruptcy
in 1994.

Sometime after 1994, majority ownership of the Company
transitioned
from Zilkha & Co. to Sciens Capital Management.

On June 14, 2015, Colt Holding Company LLC and 9 affiliates,
including Colt Defense LLC, filed voluntary petitions for relief
under Chapter 11 of the United States Bankruptcy Code to pursue a
sale of the assets as a going concern.  The cases are pending
joint
administration under Case No. 15-11296 (Bankr. D. Del.).

Colt Defense estimated $100 million to $500 million in assets and
debt.

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


COLT DEFENSE: Sciens Management Sped Up Decline, Bondholders Say
----------------------------------------------------------------
The Columbus Dispatch reports that Colt Defense LLC's bondholders
blamed the Company's private-equity owner Sciens Management for
hastening the Company's decline by starving it of cash and
investment.

Bloomberg Business blames the Company's current problems on "New
York financiers" who "borrowed too much" and took too much.
Bloomberg Business says that signs of the Company's demise has been
evident since "the mid-2000s," when "the private equity firm Sciens
Capital and its affiliates loaded Colt with debt . . . while taking
cash out in the form of 'distributions' and 'advisory fees.'"

Breitbart.com relates that throughout the pattern of borrow, spend,
borrow, spend, the Company failed to make the changes necessary to
keep with a gun market that gave up clunky and heavy for tight and
light.

Analysts and industry observers believe that the Company's
bankruptcy filing was fueled by missteps with gun owners, a
misreading of the police firearms market and a fall in gun sales to
the public after an initial spike several years ago, The Associated
Press states.

The AP says that declining revenue from government contracts was a
major blow to the Company.  According to the report, the Company
lost a U.S. military contract for the M4 carbine in 2013 to
Remington, though the contract ultimately went to F.N. Herstal of
Belgium following a dispute between Colt and Remington.  The report
quoted Alan Rice, a member of the board of the New Hampshire
Firearms Coalition, as saying, "The loss of the U.S. government
contract made it far worse."

The Company's business with the government accounts for 10% of
sales, down from 60% in 2009, The AP states, citing Moody's
Investor Service analyst Gigi Adamo.  

Citing the Company's bankruptcy counsel, Dispatch.com relates that
while the Company planned to sell itself to Sciens Management and
wipe out $250 million of bond debt, bondholders had proposed an
alternative plan that was being reviewed.

                            About Colt

Colt Defense LLC is one of the world's oldest and most iconic
designers, developers, and manufacturers of firearms for military,
law enforcement, personal defense, and recreational purposes and
was founded over 175 years ago by Samuel Colt, who patented the
first commercial successful revolving cylinder firearm in 1836 and
began supplying U.S. and international military customers with
firearms in 1847.  Colt is incorporated in Delaware and
headquartered in West Hartford, Connecticut.

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed Chapter 11 petitions in the U.S. Bankruptcy Court
for the District of Connecticut.  An investment by Zilkha & Co.
allowed CMC to confirm a Chapter 11 plan and emerge from bankruptcy
in 1994.

Sometime after 1994, majority ownership of the Company transitioned
from Zilkha & Co. to Sciens Capital Management.

On June 14, 2015, Colt Holding Company LLC and 9 affiliates,
including Colt Defense LLC, filed voluntary petitions for relief
under Chapter 11 of the U.S. Bankruptcy Code to pursue a sale of
the assets as a going concern.  The cases are pending joint
administration under Case No. 15-11296 (Bankr. D. Del.).

Colt Defense estimated $100 million to $500 million in assets and
debt.

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


CORE ENTERTAINMENT: Moody's Cuts Corporate Family Rating to 'Caa3'
------------------------------------------------------------------
Moody's Investors Service downgraded CORE Entertainment Inc.'s
(CORE) corporate family rating (CFR) to Caa3 from Caa1 and the 1st
lien term loan was downgraded to Caa1 from B2. The 2nd lien term
loan was downgraded to Ca from Caa2. The outlook remains negative.

The downgrade reflects that the company has entered into an
interest grace period with its 2nd lien loans. Also included in the
rating decision, is the continued decline in ratings and revenue
from American Idol (Idol), the non-renewal of Idol on Fox after the
2016 season, as well as the lack of progress replacing the EBITDA
lost following the sale of Elvis Presley Enterprises (Elvis) and
Muhammad Ali Enterprises. The company's negative expected free cash
flow is anticipated to lead to further declines in the company's
$82 million cash balance (as of Q1 2015) barring a significant
reduction in its interest expense.

Issuer: CORE Entertainment Inc.

-- Corporate Family Rating, downgraded to Caa3 from Caa1

-- Probability of Default Rating, downgraded to Ca-PD from
    Caa1-PD

-- $200 million Senior Secured 1st Lien Term Loan due 2017,
    downgraded to Caa1 (LGD2) from B2 (LGD2)

-- $160 million Senior Secured 2nd Lien Term Loan due 2018,
    downgraded to Ca (LGD4) from Caa2 (LGD5)

-- Outlook, Negative

RATINGS RATIONALE

CORE's Caa3 CFR reflects the company's leverage of over 10x as of
Q1 2015 (including Moody's standard adjustments), continuing
negative free cash flow, and material declines in EBITDA
attributable to its US Idol franchise that will not be renewed
after the 2016 season. The cash balance has not been used to
acquire EBITDA producing assets to offset the EBITDA lost following
the ELVIS sale and development of new programming content has been
slower than expected. Following the 2016 season of Idol, the
company will be reliant on its So You Think You Can Dance (Dance),
International Idol format revenue, and its Sharp Entertainment
division for earnings which will increase the unsustainability of
its capital structure with debt that starts to mature in June 2017.
Its Dance show that airs during the summer has been a successful
series, but is up for renewal at the end of each season and an
eventual replacement will need to be found for this show as well.
Ratings are also constrained by the company's very small scale and
we anticipate that leverage will remain very high absent a
deleveraging transaction. Core benefits from its $82 million cash
balance, but we expect it will continue to decline going forward
from negative free cash flow. The company has a shared service
agreement with Endemol and is owned by a joint venture between
Apollo and Twenty First Century Fox, Inc.

Despite the large cash balance, we consider CORE's liquidity
profile to be weak given the significant negative free cash flow
and approaching maturities of its 1st lien term loan in June 2017
and second lien term loan in June 2018 which elevates the potential
for a restructuring. CORE does not have a revolving credit facility
in place and borrowed $15 million from Apollo to fund the Sharp
acquisition which is payable upon demand.

Moody's Loss Given Default methodology implies a B3 1st lien
facility rating, but the methodology was overridden one notch to
Caa1 to reflect the recovery value of the facility.

The negative outlook reflects the very high leverage, the decline
of its Idol franchise, and negative free cash flow that elevates
restructuring risk.

Given the negative outlook, high leverage, and exposure to its Idol
franchise, a rating upgrade is not currently anticipated.

The ratings could face downward pressure due to a missed interest
payment or default at maturity. A distress debt exchange would also
be considered a default.

CORE Entertainment, Inc. ("CORE") (fka CKX Entertainment, Inc.)
owns and develops entertainment content worldwide. It holds
proprietary rights to the American Idol and So You Think You Can
Dance series through its co-ownership of these brands. The company
also acquired 100% of Sharp Entertainment LLC ("Sharp"), a reality
television production company, in July 2012 for approximately $38.6
million. For the LTM through Q1, 2015 the company generated revenue
of approximately $157 million.



DR. TATTOFF: Voluntarily Deregisters Common Stock
-------------------------------------------------
Dr. Tattoff, Inc. has terminated the registration of its common
stock, $0.0001 par value per share, under Section 12G of the
Securities Exchange Act of 1934, as amended, by filing a Form 15
with the Securities and Exchange Commission.  As of June 19, 2015,
there were only 305 holders of the Company's common stock.

                         About Dr. Tattoff

Beverly Hills, Calif.-based Dr. Tattoff, Inc., currently operates
or provides management services to five laser tattoo and hair
removal clinics located in Texas and California, all of which
operate under the Company's registered trademark "Dr. Tattoff."

Dr. Tattoff reported a net loss of $6.58 million on $4.31 million
of revenues for the year ended Dec. 31, 2014, compared with a net
loss of $4.3 million on $3.65 million of revenues for the same
period a year ago.

As of March 31, 2015, the Company had $2.11 million in total
assets, $12.36 million in total liabilities and a $10.25 million
total shareholders deficit.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company's current
liabilities exceeded its current assets by approximately $6.49
million, has a shareholders' deficit of $9.86 million, has
suffered recurring losses and negative cash flows from operations,
and has an accumulated deficit of approximately $18.3 million at
Dec. 31, 2014.  This raises substantial doubt about the Company's
ability to continue as a going concern, according to the regulatory
filing.


DTPHIBETA LLC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: DTPHIBETA "LLC"
           dba BD's Mongolian Grill
           aka bd's Mongolian Grill
        1474 Town Center Drive
        Lakeland, FL 33803

Case No.: 15-06309

Nature of Business: Restaurant

Chapter 11 Petition Date: June 18, 2015

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Judge: Hon. Catherine Peek McEwen

Debtor's Counsel: Jay B Verona, Esq.
                  SHUMAKER, LOOP & KENDRICK, LLP
                  Bank of America Plaza
                  101 East Kennedy Boulevard, Suite 2800
                  Tampa, FL 33602
                  Tel: 813-229-7600
                  Fax: 813-229-1660
                  Email: jverona@slk-law.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Darryl Thomas, CEO, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flmb15-06309.pdf


ELBIT IMAGING: Investor Relations Presentation Now Available
------------------------------------------------------------
Elbit Imaging Ltd. announced that it has placed an Investor
Relations Presentation on the Company's Web site at:
www.elbitimaging.com under: "Investor Relations - Company,
Presentation".

                        About Elbit Imaging

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
holds 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 March 31, 2015, Elbit Imaging had NIS 3.33 billion in total
assets, NIS 2.87 billion in total liabilities and NIS 459 million
in shareholders' equity.


EMERALD INVESTMENTS: Seeks to Sell Marina Property for $18-Mil.
---------------------------------------------------------------
Ian J. Gazes, the Chapter 11 Trustee for Emerald Investments, LLC,
and Ashley River Consulting, LLC, and creditors Kriti Ripley, LLC,
and Ashley River Properties II, LLC, jointly seek permission from
the U.S. Bankruptcy Court for the Southern District of New York to
sell a marina and condominiums on a parcel of property in
Charleston, South Carolina, pursuant to a plan of liquidation.

According to the Creditors' counsel, Thomas A. Pitta, Esq., at
Emmet, Marvin & Martin, LLP, in New York, following the appointment
of the Chapter 11 Trustee, the creditors and the Chapter 11 Trustee
engaged in discussions and negotiations concerning the appropriate
method for bringing the Chapter 11 Cases to a conclusion.  The
negotiations between the Chapter 11 Trustee and the Creditors were
successful and led to the formulation of the Joint Plan of
Liquidation.

Pursuant to the Plan, the creditors agreed to allow the Chapter 11
Trustee to market and potentially sell the Marina Property so that,
if sold, the proceeds of the Sale will be (a) used to satisfy the
administrative claims of the estate, including any commissions
payable to the brokers retained by the Chapter 11 Trustee, and (b)
the remainder turned over to Ashley River Properties II, LLC, to
make distributions to Kriti Ripley, LLC, and Emerald Investments,
LLC, in accordance with the Operating Agreement of Ashley River
Properties II, LLC, entered into by Kriti and Emerald.

Mr. Pitta asserts that the Plan, including the opportunity for the
Chapter 11 Trustee to market and sell the Marina Property,
represents the best method to (a) monetize the Emerald Membership
Interest, Emerald's 70% membership interest in Ashley River II, (b)
resolve the disputes between Emerald and the Creditors and (c)
obtain value for the Debtors' creditors.

In order to maximize the value of the assets, the Chapter 11
Trustee proposes that parties interested in acquiring the Marina
Property must submit, at least seven days prior to the Confirmation
Hearing, an executed, binding purchase and sale agreement for the
Marine Property, with a cash purchase price of $18 million and a
cash deposit of not less than 10% of the purchase price.

If no Qualified Bids are submitted by the Bid Deadline, the Chapter
11 Trustee will not conduct an Auction.  If only one Qualified Bid
is submitted by the Bid Deadline, the Chapter 11 Trustee will not
conduct the Auction and will seek approval to enter into and
consummate the transaction pursuant to the Plan.

If more than one Qualified Bid is submitted by the Bid Deadline,
the Chapter 11 Trustee will conduct an Auction on August 3, 2015 at
9:30 a.m. (prevailing Eastern time) at the offices of Emmet, Marvin
& Martin, LLP, in New York.

Davidson Williams, the Managing Director of Kriti and a managing
member of Ashley River II, filed a declaration in support of the
motion.  Mr. Williams tells the Court that the total of Ashley
River II's long term liabilities and membership contributions as of
December 31, 2014, was $20,203,652.  He says recognizing that
interest continues to accrue on the long term liabilities from
December 31, 2014, until the date of Sale, and recognizing further
that there would be costs associated with the sale of the property,
including brokerage fees and administrative expenses, the
Proponents agreed that $18 million was a reasonable value to set as
the Strike Price without unduly chilling the market for the Marina
Property.

Mr. Williams adds that in the event of a sale at the Strike Price,
the net proceeds of the sale would be sufficient to repay Ashley
River II's liabilities in full and result in an equity distribution
to the members of Ashley River II.  He notes, however, that at that
level all of Emerald's distribution would be conveyed to Kriti in
partial satisfaction of the Judgment.

The hearing on the Motion is scheduled for June 24, 2015 at 3:00
p.m.

Kriti Ripley and Ashley River Properties II are represented by:

          Thomas A. Pitta, Esq.
          EMMET, MARVIN & MARTIN, LLP
          120 Broadway, 32nd Floor
          New York, NY 10271
          Telephone: (212)238-3000
          Facsimile: (212)238-3100
          Email: tpitta@emmetmarvin.com
               
The Chapter 11 Trustee may be reached at:

          Ian J. Gazes, Esq.
          GAZES LLC
          151 Hudson Street
          New York, NY 10013
          Telephone: (212)765-9000
          Facsimile: (212)765-9675
          E-mail: ian@gazesllc.com
                 
              About Emerald Investments

Emerald Investments, LLC, sought Chapter 11 protection
(Bankr.
S.D.N.Y. Case No. 14-13407) in Manhattan on Dec. 15,
2014.



The case is assigned to Judge Martin Glenn.



Norwalk, Connecticut-based Emerald Investments estimated
$10
million to $50 million in assets and less than $10 million
in
debt. The formal schedules of assets and liabilities, as well
as the statement of financial affairs, are due Dec. 29,
2014.



The Debtor has tapped David Y. Wolnerman, Esq., at White &

Wolnerman, PLLC, in New York, as counsel.



EMMAUS LIFE: Phillip Satow Quits as Director
--------------------------------------------
Phillip M. Satow tendered his resignation from the Board of
Directors of Emmaus Life Sciences, Inc., according to a document
filed with the Securities and Exchange Commission.  The resignation
is effective upon the election and qualification of Dr. Scott
Gottlieb as the designee of T.R. Winston & Company, LLC pursuant to
an agreement, dated as of Sept. 11, 2013, pursuant to which TRW has
the right to designate a member of the Board.

                         About Emmaus Life

Emmaus Life Sciences, Inc., is engaged in the discovery,
development, and commercialization of treatments and therapies
primarily for rare and orphan diseases.  This biopharmaceutical
company's headquarters is in Torrance, California.

Emmaus Life reported a net loss of $20.8 million on $500,700 of net
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $14.06 million on $391,000 of net revenues for the year ended
Dec. 31, 2013.

As of March 31, 2015, the Company had $2.2 million in total assets,
$24.3 million in total liabilities and a $22.1 million total
stockholders' deficit.

KPMG LLP, in San Diego, California, issued a "going Concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that
the Company has suffered recurring losses from operations, has
significant amounts of debt due within a year, and has a net
capital deficiency that raise substantial doubt about its ability
to continue as a going concern.


ENERGY TRANSFER: Fitch Affirms 'BB' Rating on Jr. Sub. Debt
-----------------------------------------------------------
Fitch Ratings has assigned a 'BBB-' rating to Energy Transfer
Partners, LP (ETP) offering of senior unsecured notes.  Proceeds
from the offering are expected to be used to repay borrowings under
its revolving credit facility, to fund capital expenditures and for
general partnership purposes.  ETP's Issuer Default Rating (IDR) is
currently rated 'BBB-' by Fitch.  The Rating Outlook is Stable.

KEY RATING DRIVERS

Increased Size, Scale and Diversity: Recent mergers and growth
projects at ETP have resulted in a larger, more diversified, and
generally stronger partnership.  ETP's percentage of contractually
supported fee-based margins has gradually increased.  The recently
closed merger between ETP and Regency Energy Partners, LP (RGP) is
expected to provide ETP with increased cash flows driven by
expected synergies and improved returns on growth projects
previously planned at RGP.  ETP should benefit from the increased
size and scale, an increased project backlog, and increased
geographic exposure, particularly in West Texas and the Marcellus
and Utica shales.  With ETP's merger with RGP and its interests in
Sunoco, LP (SUN; rated 'BB'/Stable Outlook by Fitch) and Sunoco
Logistics LP (SXL; 'BBB'/Stable Outlook), ETP's operating assets
and retail platform provide further diversified geographic and
business line exposure and a major platform for growth within most
of the major U.S. production regions.

Moderate Leverage Metrics: Fitch expects ETP's adjusted
consolidated debt/EBITDA should range between 4.0x to 4.5x in both
2015 and 2016.  If leverage were to be meaningfully above 4.5x on a
sustained basis, Fitch would likely take a negative rating action.


Modest Commodity Price Exposure: Pro-forma for the merger, ETP
expects that roughly 85% to 87% of its cash flows are fee based for
2015.  As such, expectations are that cash flows remain relatively
stable even in the current weak commodity price environment.

Other Rating Considerations: ETP's structural subordination to
subsidiary debt and uncertainties resulting from potential future
structural changes are also considered.  The potential effect on
pipeline system utilization and related re-contracting risk
resulting from changing natural gas supply dynamics is a
longer-term concern.

KEY ASSUMPTIONS

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

   -- WTI oil price that trends up from $50/barrel in 2015 to
      $60/barrel in 2016 and a long-term price of $70/barrel; and
      Henry Hub gas that trends up from $3/mcf in 2015 to a long-
      term price of $3.75/mcf consistent with Fitch's published
      Base Case commodity price deck;
   -- Moderate revenue growth on existing assets;
   -- Balanced funding with both debt and equity of growth capital

      spending and acquisitions

RATING SENSITIVITIES

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

   -- A material improvement in credit metrics with ETP adjusted
      leverage sustained at between 3.5x and 4.0x;
   -- Reduced consolidated business risk as ETP acquires and
      expands fixed-fee operations.

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

   -- Weakening credit metrics with ETP leverage above 5.0x on a
      sustained basis would likely lead to a downgrade to BB+;
   -- Increasing commodity price exposure above 30% could lead to
      a negative ratings action.

LIQUIDITY

Liquidity is Adequate: ETP has access to a $3.75 billion unsecured
five-year revolving credit facility that matures in Nov. 2019.  As
of March 31, 2015, ETP had no borrowings under the credit facility.
On April 30, 2015 ETP borrowed $1.5 billion to partially repay the
RGP credit facility.  The bank agreement contains a financial
covenant that provides that on each date ETP makes a distribution,
the leverage ratio, as defined in the credit agreement, shall not
exceed 5.0x.  With permitted acquisitions leverage can temporarily
increase to 5.5x. ETP is currently in compliance with this
covenant.

Fitch's ratings for ETP are:

Energy Transfer Partners, LP
   -- IDR 'BBB-';
   -- Senior unsecured debt 'BBB-';
   -- Junior subordinated debt 'BB'.

The Rating Outlook is Stable.



FAMILY CHRISTIAN: Judge Rejects Winning Bidder for Retail Chain
---------------------------------------------------------------
Katy Stech, writing for Dow Jones' Daily Bankruptcy Review,
reported that U.S. Bankruptcy Judge John Gregg rejected a winning
bid to sell Family Christian LLC, a retailer of religious books and
church supplies, to an investment group led by Atlanta businessman
Richard Jackson.

According to the report, on June 18, Judge Gregg suggested that the
Michigan-based retailer's bankruptcy lawyers hold another auction
for the 266-store chain, saying in a 48-page decision the marathon
event in May was "nothing short of chaotic."

                     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.


FEDERATION EMPLOYMENT: Court Delays Hearing on Bid to Lift Stay
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York has
delayed until June 25 the hearing on Riverside 1795 Associates
LLC's bid to lift the automatic stay.

The court adjourned the hearing after Federation Employment and
Guidance Service Inc., which leases an apartment unit from
Riverside, sought approval to assign its interests in the lease to
New York Foundling Hospital.

The order, signed by U.S. Bankruptcy Judge Robert Grossman,
adjourned the hearing to June 25, pending effectuation of the
proposed assignment of Federation Employment's lease on the unit
located along Riverside Drive, in New York.

                            About FEGS

Established in 1934 amidst the Great Depression, Federation
Employment & Guidance Service, Inc. ("FEGS") is a not-for-profit
provider of various health and social services to more than 120,000
individuals annually in the areas of behavioral health,
disabilities, housing, home care, employment/workforce, education,
youth and family services.  At its peak, FEGs' network of programs
operated over 350 locations throughout metropolitan New York and
Long Island and employed 2,217 highly skilled professionals.

FEGS sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 15-71074) in Central Islip, New York on March 18, 2015.

The Chapter 11 plan and disclosure statement are due by July 16,
2015.

The Debtor filed applications to hire Garfunkel, Wild, P.C., as
general bankruptcy counsel; Togut, Segal & Segal, LLP, as
co-counsel; JL Consulting LLC as Restructuring Advisor, as
restructuring advisor; Crowe Horwath, LLP as accountants; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The Debtor disclosed $86,697,814 in assets and $45,572,524 in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed three members to the
Official Committee of Unsecured Creditors.  The Committee tapped
Pachulski Stang Ziehl & Jones LLP as its counsel.


FEDERATION EMPLOYMENT: Judge Grants Broadway's Bid to Lift Stay
---------------------------------------------------------------
A federal judge overseeing the Chapter 11 case of Federation
Employment and Guidance Service Inc. has granted 3480-3496 Broadway
Associates LLC's bid to lift the so-called automatic stay.

U.S. Bankruptcy Judge Robert Grossman lifted the injunction barely
two weeks after he approved the transfer of Federation Employment's
interests in its lease agreement with the company to the Jewish
Board for Family and Children Services.

Federation Employment, a nonprofit health and human services
organization, previously leased an apartment unit from Broadway
Associates located along West 143rd Street, New York, and rented it
out to one of its disabled patients.  

In November last year, Broadway Associates did not renew the lease.
Citing the Rent Stabilization Law, it argued that the nonprofit
organization is not entitled to a renewal.

Following the expiration of the lease on Feb. 28, Broadway
Associates filed a case against the nonprofit organization in Civil
Court of the City of New York to evict the tenant from the
building.  The case was automatically halted by Federation
Employment's bankruptcy filing on March 18.

On April 28, Broadway Associates filed in bankruptcy court a motion
to lift the automatic stay.  In response, Federation Employment
asked the court to allow the stay to remain in effect until it
transferred its behavioral health programs to another agency that
has financial wherewithal to assume its obligations.

On May 29, Judge Grossman approved the transfer of the health
programs and assignment of the leases related to the programs,
including Federation Employment's interests in the lease agreement,
to the Jewish Board.    

                            About FEGS

Established in 1934 amidst the Great Depression, Federation
Employment & Guidance Service, Inc. ("FEGS") is a not-for-profit
provider of various health and social services to more than 120,000
individuals annually in the areas of behavioral health,
disabilities, housing, home care, employment/workforce, education,
youth and family services.  At its peak, FEGs' network of programs
operated over 350 locations throughout metropolitan New York and
Long Island and employed 2,217 highly skilled professionals.

FEGS sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 15-71074) in Central Islip, New York on March 18, 2015.

The Chapter 11 plan and disclosure statement are due by July 16,
2015.

The Debtor filed applications to hire Garfunkel, Wild, P.C., as
general bankruptcy counsel; Togut, Segal & Segal, LLP, as
co-counsel; JL Consulting LLC as Restructuring Advisor, as
restructuring advisor; Crowe Horwath, LLP as accountants; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The Debtor disclosed $86,697,814 in assets and $45,572,524 in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed three members to the
Official Committee of Unsecured Creditors.  The Committee tapped
Pachulski Stang Ziehl & Jones LLP as its counsel.


FINANCIAL HOLDINGS: Section 341 Meeting Set for July 23
-------------------------------------------------------
There will be a meeting of creditors of Financial Holdings, Inc.
on July 23, 2015, at 10:00 a.m. at US Trustee Hearing Room 529,
Lexington.

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

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

Financial Holdings, Inc. filed a Chapter 11 bankruptcy petition
(Bankr.  E.D. Ky. Case No. 15-51187) on June 16, 2015.  The
petition was signed by Barry Brauch as chief executive officer.
The Debtor dislosed total assets of $11.9 million and total
liabilities of $40.6 million.

Stoll Keenon Ogden, PLLC serves as the Debtor's counsel.
Judge Gregory R. Schaaf is assigned to the case.


FINJAN HOLDINGS: Launches CybeRisk Security Solutions
-----------------------------------------------------
Finjan Holdings, Inc., announced the launch of CybeRisk Security
Solutions to provide cybersecurity risk advisory services to
customers around the world.  Yoram Golandsky, who previously led
Cisco's Cyber Security Center of Excellence as general manager, has
been named chief executive officer of the new company. CybeRisk
will service clients throughout Europe, North America, and other
key global markets from its headquarters in Tel Aviv.

"Finjan was founded in Israel and, although we're now a Silicon
Valley company, our roots there have always been a significant
strength.  We're excited to be launching CybeRisk in Tel Aviv,
which has become the international ground zero for advancements in
cybersecurity," said Phil Hartstein, president and CEO of Finjan.
"As one of the world's leading security experts, Yoram is optimally
positioned to guide the expansion of Finjan's portfolio of
offerings into the international cybersecurity services sector."

Golandsky brings to his role of CEO more than 20 years of
experience delivering security technology and advisory services in
the financial services, ecommerce, and payment system industries.
Prior to joining Cisco, he was founder and CEO of Security Art
Ltd., a leader in providing worldwide cybersecurity and information
risk management services.  His other posts have included Head of
Information Security at RSA, the Security Division of EMC; and
Chief Security Officer at PriceWaterhouseCoopers Israel.

"I'm excited to be charged with building CybeRisk at a time when
cybersecurity threats to major corporations and smaller
organizations alike are all too real and the potential consequences
severe," said Golandsky.  "The team we've brought together has
unparalleled expertise in providing tailored guidance on the
technology side as well as at the board level."

CybeRisk's management team includes COO Eyal Harari, who also joins
from Cisco's Cyber Security Center of Excellence.  As Business
Operations Manager there, Harari was responsible for the Center's
commitments to its clients in regards to project initiation,
deliverables, finance, quality, and timeframes, in addition to
managing the Center's resources and reporting both internally and
externally.  Prior to his role at Cisco, Harari was Business
Operations Manager of Security Art Ltd., and he has also served as
Corporate Strategy Manager at Amdocs Inc. and as an independent
consultant.

Finjan's investment in CybeRisk is in line with its strategy of
reinvesting proceeds from successful cybersecurity investments,
while continuing to support its patent monetization program.

                            About Finjan

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

Finjan reported a net loss of $10.47 million on $4.99 million of
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $6.07 million on $0 of revenues in 2013.

As of March 31, 2015, the Company had $16.5 million in total
assets, $2.19 million in total liabilities, and $14.3 million in
total stockholders' equity.


FIRST QUALITY: S&P Affirms 'BB' CCR & Revises Outlook to Negative
-----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed all of its ratings on
Great Neck, N.Y.-based First Quality Enterprises Inc., including
the 'BB' corporate credit rating, and revised the rating outlook to
negative from stable.

At the same time, S&P affirmed its 'BBB-' issue-level rating on the
company's $1.6 billion senior secured bank credit facilities due
2019 with a recovery rating of '1', indicating that lenders could
expect very high (90% to 100%) recovery in the event of a payment
default.  S&P also affirmed its 'BB' issue-level rating on the
company's $600 million senior unsecured notes due 2021 with a
recovery rating of '4', indicating that lenders could expect
average (30% to 50%, in the upper half of the range) recovery in
the event of a payment default.

"The outlook revision to negative from stable reflects the recent
increase in competition in First Quality's segments, our
expectation that the company will continue to generate meaningful
negative discretionary cash flow over the next two years, and
credit ratios that we expect to remain close to levels previously
specified for a downgrade, which included around 4x adjusted
leverage," said Standard & Poor's credit analyst Gerald Phelan.

Based on Standard & Poor's criteria, S&P assess First Quality's
liquidity as "adequate"; however, a revision to "less than
adequate" and resultant one-notch downgrade is possible if the
company becomes contractually required to make meaningful equipment
purchases in 2016 without, in S&P's view, sufficient funding
sources.

S&P's ratings on First Quality reflect the company's defensible
position primarily as a private-label products manufacturer in
categories with stable end-user demand (notably adult care, towel
and tissue, and infant care), and its satisfactory track record of
organic earnings growth over the last few years (excluding recall
and litigation charges in 2014), primarily driven by utilization of
new capacity.  S&P considers the company to be a relatively
efficient operator, with operating profit margins similar to peers'
and working capital turnover generally consistent with industry
norms.

S&P has also factored into its rating First Quality's customer
concentration and weak bargaining power with significant customers,
particularly with Wal-Mart and Sam's Club.  Moreover, the company
faces intense competition from solid, well-established branded and
private-label manufacturers such as Kimberly-Clark Corp., Procter &
Gamble Co., Clearwater Paper Corp., Georgia-Pacific LLC, and
Svenska Cellulosa Aktiebolaget SCA.

The negative outlook reflects the recent increase in competition in
First Quality's segments, S&P's expectation that the company will
continue to generate meaningful negative discretionary cash flow
over the next two years due to ongoing investments to expand
capacity and make dividend payments, and S&P's expectation that
credit ratios will remain close to levels previously specified for
a downgrade, which include around 4x adjusted leverage.  S&P could
lower the ratings if it forecasts the company will sustain leverage
above 4x, which could occur if EBITDA declines by a mid- to
high-single-digit rate, potentially owing to customer losses,
difficulties finding sufficient business to fill new capacity, or
intensifying competition.  S&P could also lower its ratings if it
reassess its view of First Quality's liquidity to "less than
adequate" from "adequate", which could occur if the company becomes
contractually obligated for large equipment purchases without, in
S&P's view, sufficient committed financing in place.

S&P could revise the outlook to stable if it believes the company
will maintain "adequate" liquidity while successfully bringing on
new capacity such that credit ratios improve, including leverage
steadily declining towards the mid-3x area.  S&P estimates this
could occur if EBITDA--which was weakened in 2014 by special
charges--grows by about 20%.



FOUNDATION HEALTHCARE: Disposition of Heritage Park Completed
-------------------------------------------------------------
Grayson County Physicians Property, LLC, d/b/a Heritage Park
Surgical Hospital, a hospital in which Foundation Surgical Hospital
Holdings, LLC, a wholly owned subsidiary of Foundation Healthcare,
Inc., owns a 20% ownership interest, sold substantially all of its
assets except its real estate to Heritage Park Surgical Hospital,
LLC.  As part of the transaction, FSHH's ownership was redeemed and
the Foundation Management Contract was terminated for the combined
sum of $10.1 million.  In the transaction, Texas Heath Venture of
Heritage Park, LLC, a joint enterprise of the Baylor Medical System
and United Surgical Partners International, acquired 53.1% of HPSH.
Texas Health Venture Group, LLC, also a Baylor Medical USPI joint
venture, took over management of HPSH.

At closing, FSHH received $7.6 million in cash net of transactional
expenses and withholdings totalling $1.5 million. FSHH received an
additional $0.8 million for the early termination of its management
contract.

Also as part of the Purchase Agreement, FSHH agreed not to compete
within a 15 mile area of the HPSH's main campus for a period of 3
years.

Prior to closing, the Company had its equity investment in Heritage
Park assets sold recorded at $1.3 million.

The Company has agreed to provide certain transitional accounting
and management services to Texas Health Venture Group, LLC most of
which will end before the end of the year, and will eliminate the
direct operating expenses related to the Heritage Park management
contract during that transitional period.

The Company will use $7 million from the proceeds from the
transaction to reduce long term debt and the balance to fund its
growth strategy.

                    About Foundation Healthcare

Oklahoma-based Foundation Healthcare is a healthcare services
company primarily focused on owning controlling interests in
surgical hospitals and the inclusion of ancillary service lines.
The Company currently owns controlling and noncontrolling
interests in surgical hospitals located in Texas.  The Company
also owns noncontrolling interests in ambulatory surgery centers
("ASCs") located in Texas, Oklahoma, Pennsylvania, New Jersey,
Maryland and Ohio.

Additionally, the Company provides sleep testing management
services to various rural hospitals in Iowa, Minnesota, Missouri,
Nebraska and South Dakota under management contracts with the
hospitals.  The Company provides management services to a majority
of its Affiliates under the terms of various management
agreements.  Prior to Dec. 2, 2013, the Company's name was
Graymark Healthcare, Inc.

Foundation Healthcare reported a net loss attributable to the
Company common stock of $2.09 million on $101.9 million of
revenues for the year ended Dec. 31, 2014, compared to a net loss
attributable to the Company common stock of $20.4 million on $87.2
million of revenues in 2013.

As of March 31, 2015, the Company had $58.1 million in total
assets, $66.3 million in total liabilities, $8.70 million in
preferred noncontrolling interest and a $16.9 million total
deficit.

Hein & Associates LLP, in Denver, Colorado, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company had insufficient working capital as of Dec. 31, 2014, to
fund anticipated working capital needs over the next twelve
months.


FREE GOSPEL: Proposes to Employ Frank Morris as Ch. 11 Attorney
---------------------------------------------------------------
The Free Gospel of The Apostles' Doctrine asks permission from the
U.S. Bankruptcy Court for the District of Maryland, Greenbelt
Division, to employ Frank Morris II, Esq., and the Law Office of
Frank Morris, II, & Associates, as bankruptcy attorneys.

The Debtor proposes to employ the attorney for the following
purpose:

   (a) to serve as counsel in this matter;

   (b) to represent the Debtor in its Chapter 11 case and to
       advise the Debtor as to its rights, duties and powers as a
       debtor-in-possession;

   (c) to prepare and file all necessary statements, schedules,
       and other documents and to negotiate and prepare one or
       more plans of reorganization for the Debtor;

   (d) to represent the Debtor at all hearings, meeting of
       creditors, conferences, trials, and other proceedings in
       this case; and

   (e) to perform other legal services as may be necessary in
       connection with the case.

Pursuant to an engagement agreement, the Debtor paid the attorney a
retainer of $13,266 on June 4, 2015, which is being held in
escrow.

Mr. Morris assures the Court that his 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.

Mr. Morris may be reached at:

         Frank Morris, II, Esq.
         LAW OFFICE OF FRANK MORRIS II
         8201 Corporate Drive, Suite 260
         Landover, MD 20785
         Tel: (301) 731-1000
         Fax: (301) 731-1206
         E-mail: frankmorrislaw@yahoo.com

The Free Gospel of the Apostles' Doctrine filed a Chapter 11
bankruptcy petition (Bankr. D. Md. Case No. 15-18209) on June 9,
2015.  The petition was signed by Antoinette Green-Snow as
executive administrator.  The Debtor estimated assets of $10
million to $50 million and debts of $1 million to $10 million.

Frank Morris, II, Esq., at Law Office of Frank Morris II, serves as
the Debtor's counsel.


FREESEAS INC: Announces Results of Annual Meeting of Shareholders
-----------------------------------------------------------------
At the annual meeting of FreeSeas Inc.'s shareholders held on
June 12, 2015, the shareholders:

   (i) re-elected Mr. Xenophon Galinas to the Board of Directors
       for another three year term;

  (ii) ratified the appointment of RBSM LLP, as the Company's
       independent registered public accounting firm for the
       fiscal year ending Dec. 31, 2015; and

(iii) granted discretionary authority to the Company's board of
       directors to (A) amend the Amended and Restated Articles of
       Incorporation of the Company to effect one or more
       consolidations of the issued and outstanding shares of
       common stock, pursuant to which the shares of common stock
       would be combined and reclassified into one share of common
       stock at a ratio within the range from 1-for-2 up to
       1-for-50 and (B) determine whether to arrange for the
       disposition of fractional interests by shareholder entitled
       thereto, to pay in cash the fair value of fractions of a
       share of common stock as of the time when those entitled to
       receive such fractions are determined, or to entitle
       shareholder to receive from the Company's transfer agent,
       in lieu of any fractional share, the number of shares of
       common stock rounded up to the next whole number, provided
       that, (X) that the Company shall not effect Reverse Stock
       Splits that, in the aggregate, exceeds 1-for-50, and (Y)
       any Reverse Stock Split is completed no later than the
       first anniversary of the date of the Annual Meeting.

                        About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

Freeseas reported a net loss of $12.7 million in 2014, a net loss
of $48.7 million in 2013 and a net loss of $30.9 million in 2012.

As of Dec. 31, 2014, the Company had $64.25 million in total
assets, $39.2 million in total liabilities and $25 million total
shareholders' equity.

RBSM 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 operating
losses and has a working capital deficiency.  In addition, the
Company has failed to meet scheduled payment obligations under its
loan facilities and has not complied with certain covenants
included in its loan agreements.  Furthermore, the vast majority of
the Company's assets are considered to be highly illiquid and if
the Company were forced to liquidate, the amount realized by the
Company could be substantially lower that the carrying value of
these assets.  Also, the Company has disclosed alternative methods
of testing the carrying value of its vessels for purposes of
testing for impairment during the year ended December 31, 2014.
These conditions among others raise substantial doubt about the
Company's ability to continue as a going concern.


GENERAL MOTORS: Fitch Raises Issuer Default Rating From 'BB+'
-------------------------------------------------------------
Fitch Ratings has upgraded the Issuer Default Rating for General
Motors Company (GM) to 'BBB-' from 'BB+'.  In addition, Fitch has
upgraded GM's unsecured revolving credit facility rating and its
senior unsecured notes ratings to 'BBB-' from 'BB+'.  The Rating
Outlook for GM is Stable.

Fitch has also upgraded the Long-term IDRs and senior unsecured
debt ratings for General Motors Financial Company, Inc. (GMF) and
its affiliates to 'BBB-' from 'BB+' and the Short-term IDRs for GMF
and its affiliates to 'F3' from 'B'.  The Rating Outlook for GMF
and its affiliates is also Stable.

KEY RATING DRIVERS - GM

The upgrade of GM's ratings reflects the ongoing fundamental
improvement in the company's core business over the past several
years.  At the same time, recent events pertaining to last year's
recalls have given Fitch increased confidence that the company has
the financial flexibility to navigate the remaining issues while
maintaining an investment-grade credit profile.  Fitch expects the
profitability of the GM's key North American business to remain on
track to meet the company's 10% EBIT-Adjusted margin target in 2016
due to a combination of pricing strength, positive vehicle mix and
further operational efficiency improvements.  Outside North
America, Fitch expects GM's European operations to approach the
company's 2016 break-even target despite weakness in Russia, while
GM's Chinese joint ventures (JVs) will remain an important source
of cash for the company, even with slowing growth and heightened
competition in the Chinese market.  Compared with its position
prior to the last recession, GM today has a much lower breakeven
level, stronger liquidity, lower leverage and a much more
competitive global product lineup.

GM's leverage remains low for its rating category, despite its
issuance of $2.5 billion in senior unsecured notes last fall and
the company remains in a strong net cash position.  Fitch expects
the company's liquidity position to remain strong, especially given
its $20 billion minimum automotive cash target.  Free cash flow
(FCF) will be pressured in the near term by recall-related cash
expenses, but over the longer term, Fitch expects FCF to grow on
pricing improvements and operational efficiency.  GM continues to
be one of the most globally diversified auto manufacturers, with a
strong position in most major and emerging auto markets that helps
to shield it from region-specific weakness.  The funded status of
the company's pension plans declined somewhat in 2014 as interest
rates fell, but it remains much stronger than it was prior to the
last recession, and de-risking activities have made them less
sensitive to changing interest rates.  Overall, Fitch believes the
company's operating profile and financial position are strong
enough to allow the company to weather the industry cycle without
jeopardizing its investment-grade status.

RECALLS

Several recent developments have lessened Fitch's concerns
regarding follow-on cash costs related to GM's 2014 ignition-switch
recalls.  The company's victim compensation program has cleared
through many of the submitted claims, and Fitch expects the program
will be substantially complete by the end of 2015.  The program
remains on-track to fall within the $400 million to $600 million
range originally estimated by the company when it was announced.
Fitch views the compensation program favorably, as it is likely to
expedite payments to victims that might otherwise have gone through
lengthy litigation processes with uncertain outcomes.

Another positive development is the recent ruling by the bankruptcy
court upholding the shield that protects GM from prepetition
claims.  Although the court ruled that plaintiffs could appeal the
ruling, Fitch views the continuation of the bankruptcy shield as a
credit positive, as it protects the company from lawsuits related
to accidents that occurred prior to GM's 363 sale.  Exact figures
are not yet clear, but Fitch expects a meaningful number of
lawsuits may be dropped as the ruling leads some prepetition
accident claimants to accept compensation from the victim
compensation program.  As of April 20, 2015, there were 144
lawsuits outstanding related to deaths or injuries in vehicles that
were later recalled.  Presumably, a portion of these suits were the
result of prepetition accidents.  Fitch expects that any lawsuits
that continue forward will not be resolved for a considerable
period of time.

A federal criminal investigation related to the ignition switch
recall is still underway, and Fitch expects the company will
eventually be subject to a significant fine from the U.S.
Department of Justice (DOJ).  Although the amount and timing of a
settlement with the DOJ are not clear, Fitch expects a settlement
could potentially be reached in 2015.  Based on similar cases with
other automakers, Fitch estimates the fine could be in the $1
billion to $2 billion range, although it is reasonably possible
that it could be higher.  Fitch believes GM's substantial liquidity
position, including its $20 billion minimum automotive cash target,
will provide it with sufficient financial flexibility in the case
of a large fine without jeopardizing its ratings.

In addition to the personal injury and death lawsuits outstanding
at April 20, 2015, GM also had 129 class-action lawsuits pending in
the U.S. and Canada alleging economic losses due to declining
vehicle values as a result of the recalls.  The company disputes
these claims, and Fitch believes it could be at least several years
before the economic-loss cases are resolved.

CAPITAL ALLOCATION STRATEGY

In March 2015, GM announced a capital allocation and share buyback
strategy that will significantly increase cash returns to
shareholders, including $5 billion in share buybacks to be
completed by year-end 2016 and about $5 billion in dividends to be
paid over the same period.  After 2016, the company expects to
return substantially all of its free cash flow to shareholders.  As
part of the announcement, the company reiterated its intention to
maintain a minimum automotive cash balance of $20 billion.

Fitch views the minimum cash target as a key piece of the
initiative, as it provides the company with an adequate liquidity
cushion in the event of a downturn.  Fitch expects if free cash
flow is weaker than expected, GM will adjust its share repurchase
activity to keep cash at the $20 billion target level.  Automotive
cash falling below the $20 billion level for a prolonged period
could lead to a negative rating action.

UPCOMING UAW NEGOTIATIONS

The labor agreements between the United Auto Workers (UAW) union
and each of the Detroit Three expire in mid-September 2015, and
negotiations on the next contract will formally begin in July.
Although the ultimate outcome is difficult to predict, Fitch does
not expect a significant decline in GM's profitability as a result
of any new agreement.  Fitch also does not expect any prolonged
labor action stemming from the negotiations.  Although there are
difficult issues to be addressed, such as the cap on 'Tier 2'
employees and their compensation level, Fitch believes the union
and the company are generally aligned in their desire to keep the
company financially viable.  However, any significant deterioration
in relations between the company and the union during the
negotiation process that results in a prolonged labor action could
be a credit negative.

CONSOLIDATION

Fiat Chrysler Automobiles N.V. (FCA) recently approached GM about a
potential merger.  However, GM has been clear that it is not
interested in a transaction with FCA.  Although FCA has reportedly
tried to build support for a merger among some of GM's investors,
it appears that the potential for a transaction is waning.  Fitch
would view a combination of GM and FCA as a credit negative for GM,
given FCA's weaker financial position and credit profile, as well
as the limited benefits that would accrue to GM from a merger with
FCA.  Given GM's lack of interest in a merger and reports that FCA
is now looking at other potential partners, Fitch views the
likelihood of a GM merger with FCA as remote, and GM's ratings are
therefore currently unaffected by FCA's merger interest.

RESTRUCTURING ACTIVITIES

Over the past year, GM has made progress on its various global
restructuring initiatives, including the closure of its plant in
Bochum, Germany in late 2014.  The company continues to move
forward on its plan to remove the Chevrolet brand from Western
Europe, as well as its downsizing of operations in Southeast Asia.
The company also remains on-track to end auto production in
Australia in 2017 as well.  In the first quarter of 2015, GM
announced that it will change its business model in Russia, which
will include closing its St. Petersburg plant and focusing its
sales on the Cadillac brand, as well as certain high-end Chevrolet
models.  As of March 31, 2015, GM had about $1.1 billion in
remaining reserves related to its various restructuring
initiatives.  Over the intermediate term, Fitch expects these
initiatives to result in improved profitability in GM's global
operations, including approaching break even in Europe in 2016.

CHINESE OPERATIONS

GM's Chinese operations, conducted through unconsolidated JVs,
continue to perform well despite a slowing auto market in the
country.  They remain important to GM's credit profile as a key
source of cash for the company.  Although GM had a slight market
share loss in China in the first quarter of 2015, it nonetheless
continues to hold a significant share of the Chinese market, at a
company-estimated 15.1% in the quarter of 2015 and 14.8% for the
full-year 2014.  Fitch expects the recent introduction of the Buick
Envision into the growing Chinese SUV segment will help to support
GM's market share in the country over the intermediate term.  GM's
equity in the earnings of its Chinese JVs totalled $2.1 billion in
2014, and Fitch estimates dividends from the Chinese JVs comprised
the majority of the $1.8 billion in dividends received from JVs in
the period.  Fitch expects competition in the Chinese market to
become more intense as overall sales growth slow and as the product
offerings of the indigenous Chinese manufacturers continue to
improve.  Government regulations favoring indigenous brands will
also contribute to heightened market competition.

LIQUIDITY AND FCF

Fitch expects GM's liquidity position to remain adequate despite
the company's recent announcement that it will return virtually all
of its FCF to shareholders.  In particular, the company's $20
billion minimum automotive cash target, which Fitch believes is
sufficient to cover the company's cash needs in the event of an
unexpected downturn, mitigates the risk to creditors from the share
repurchases.  Fitch also expects that if cash costs tied to last
year's recalls are higher than expected, the company will adjust
its share repurchase activity accordingly to maintain a cash
balance of at least $20 billion.  In addition, GM has access to two
corporate unsecured revolving credit facilities, a $5 billion
facility that matures in 2017 and a $7.5 billion facility that
matures in 2019.  As of March 31, 2015, GM had used $0.5 billion of
the total availability for letters of credit, leaving about $12
billion of revolver capacity available.  Combined with $22 billion
in automotive cash, cash equivalents and marketable securities, GM
had over $34 billion in total liquidity at
March 31, 2015.

Automotive FCF (as calculated by Fitch) was ($1.5) billion in the
12 months ended March 31, 2015.  Included in this figure is about
$1.1 billion in preferred dividends and a redemption premium
related to the company's Series A preferred stock, which was fully
redeemed in December 2014.  Fitch expects FCF to remain under
pressure, and likely negative, in 2015 as a result of cash costs
tied to the 2014 recalls, as well as higher dividends and
restructuring costs.  Fitch also expects capital spending in 2015
to run at about $9 billion as the company increases its product
investments.  The company has estimated that it will spend about
$1.2 billion in cash on recall-related repairs in 2015, and Fitch
expects much of the currently-estimated $550 million to $600
million in Victim Compensation Program settlements to be spent in
2015 as well.  As noted above, there also is the potential for a
recall-related settlement with the DOJ in 2015.  After 2015, Fitch
expects FCF to turn positive as the company puts the much of the
recall-related costs behind it and as it begins to see the benefits
of its restructuring actions.

CREDIT METRICS

GM's profitability continues to improve, and the company appears to
be on-track to reach its 10% EBIT-adjusted target (as calculated by
the company) for 2016 in North America.  On an LTM basis as of
March 31, 2015, Fitch calculates that GM's North American
EBIT-adjusted margin would have been 9.2% excluding $1.0 billion of
recall-related charges recorded in the second quarter of 2014.  As
it nears its 2016 target, GM is closing the North American
profitability gap with its major mass-market competitors, an issue
that has been a concern to Fitch in the post-recession period.

Fitch's calculated EBITDA margin for the full company's auto
operations in the LTM ended March 31, 2015, was 6.5%, excluding
$1.2 billion of global recall charges in the second quarter of
2014.  The company's automotive leverage remains low for the rating
category, despite its issuance of $2.5 billion in incremental debt
in the fourth quarter of 2014.  As of March 31, 2015, EBITDA
leverage (automotive debt/Fitch-calculated EBITDA) was only 1.1x,
and funds from operations (FFO) adjusted leverage was 1.2x.  GM
ended the first quarter of 2015 with $9.1 billion in automotive
debt, primarily comprised of senior unsecured notes, non-U.S. bank
borrowings, non-U.S. private note placements and capital leases.
With $22 billion in automotive cash at March 31, 2015, the company
was in a strong net cash position of $13 billion.  Along with its
substantial liquidity position, GM's low leverage contributes to
the company's relatively strong financial flexibility.

PENSIONS

With the substantial net improvement in the funded status of GM's
pension plans over the past several years, the company's
contribution requirements have declined.  In 2015, GM has no
required contributions to its U.S. plans, although it expects to
contribute $70 million to its non-qualified U.S. plans.  Outside
the U.S., where a substantial portion of the company's pension
obligations are in unfunded plans, the company expects to make
contributions of $1.1 billion in 2015.  GM continues to shift the
allocation of its pension plan assets to reduce the plans'
sensitivity to interest rate changes, and it is unlikely that the
company will have any required contributions to its U.S. plans over
at least the next several years.

KEY ASSUMPTIONS

   -- Global light vehicle sales rise in the low-single digit
      range annually over the next several years.

   -- GM's revenue grows over the intermediate term on a
      combination of global industry growth and modest price
      increases, while its global market share remains close to
      the current level.

   -- Profitability increases over the intermediate term as global

      production volumes grow, the company makes further progress
      on cost efficiencies, and variable profit increases on new
      model introductions.

   -- Capital spending runs at about 6% of revenue, reflecting the

      company's more-aggressive investment plans.

   -- Dividends rise over the next several years, consistent with
      the company's plan to return cash to shareholders.

   -- Share repurchases total an aggregate of $5 billion in 2015
      and 2016.

   -- After 2016, GM maintains an automotive cash balance of about

      $20 billion, with free cash flow targeted toward share
      repurchases.

   -- The company pays a Fitch-estimated DOJ fine in the
      $1 billion to $2 billion range in 2015.

   -- There are no labor actions as a result of the upcoming UAW
      negotiations.

KEY RATING DRIVERS - GMF

The IDRs and senior unsecured debt ratings have been upgraded as a
result of the direct linkage to GM's ratings.  Fitch considers GMF
to be a 'core' subsidiary of GM based on actual and potential
support provided to GMF from GM, an increasing percentage of GMF's
earning assets related to GM, and strong financial and operational
linkages between the companies.  The ratings also reflect GMF's
seasoned management team, improved funding profile, consistent
operating performance, good asset quality, and adequate
capitalization and liquidity.

GROWTH IN EARNING ASSETS

As a result of the acquisition of Ally Financial's international
operations (IO) in 2013 and more recently the launch of a retail
prime product in the U.S., earning assets have experienced a
significant favorable shift in terms of credit composition, with
subprime loans declining to 26% of total earning assets as of March
31, 2015, from over 80%, at the end of 2012.  Similarly, the Ally
IO acquisition, along with significant growth in originations,
particularly in North American leasing, caused GM's earning assets
to grow to $42.2 billion at the end first quarter of 2015 (1Q15),
up 21% from $35.0 billion at 1Q14.  This was despite a slight
decline in the international portfolio due to a foreign currency
revaluation, which outpaced international portfolio growth on a
contract basis.

Lease originations increased to $3.0 billion in 1Q15, up 291% from
$0.8 billion in 1Q14, driven by the increased share of GM's lease
business in North America following the lease exclusivity offered
on GM brands, which were rolled out between February and April
2015.  The end of period lease balance was $8.9 billion at March
31, 2015, up 140% from $3.7 billion at March 31, 2014.  Fitch notes
that leasing is a relatively riskier strategy as it further exposes
the company to residual value risk.  Fitch expects GMF to
conservatively assess residual values, particularly in the current
market where used car values remain unusually high and are expected
to moderate.

Earning assets are expected to continue to grow as GMF continues to
transition to a full-service captive.  Fitch will monitor the
company's growth and expansion into these products paying
particular attention to underwriting standards, credit quality,
profitability and leverage metrics.  Further, as the portfolio
continue to grow, Fitch will pay particular attention to the GM's
ability to support GMF as outlined under the support agreement and
how the potential liability could impact GM.

OPERATING PERFORMANCE NORMALIZING

Operating performance remains solid driven by growth in earning
assets, but margins and return ratios are gradually declining
reflecting the run-off of higher-yielding pre-acquisition
receivables and the continued shift in the originations from
higher-return, higher-risk subprime loans to lower-return,
lower-risk prime and commercial loans.

Net income increased to $150 million in 1Q15, up 3% from $145
million in the first quarter of 2014, driven by portfolio growth
and an increase in operating lease income partially offset by a
decrease in the effective yield on the earning asset portfolio and
higher provision, operating, interest and leased vehicle expenses.
Revenue for the period grew 23% over 1Q14 whereas expenses grew 33%
over 1Q14 primarily driven by increased leasing expenses and
expenses associated with the transition of GMF to a full-service
captive.  1Q15 revenues do not include $28 million in equity income
related to GMF's Chinese joint venture, but it is reflected in
pre-tax income.

Pre-tax margin was a solid 15.8% in 1Q15, but was down from 20.2%
in 1Q14, primarily due to the shift towards prime lending.  Fitch
expects GMF to remain solidly profitable through the remainder of
2015.  However, margins are expected to continue to moderate
reflecting the run-off of higher yielding assets, increased
competition, normalization in used car values/consumer behavior and
higher interest expense due to the shift toward unsecured funding.


SOLID ASSET QUALITY

GMF's asset quality continues to improve driven by the positive
shift in the portfolio toward prime assets; however, asset quality
metrics are expected to remain relatively stable for the remainder
of 2015, driven by normalization in used car values and changes in
consumer behavior.   On a consolidated basis, net charge-offs were
1.8% and 1.9% in 1Q15 and 2014, respectively, which was stable from
1Q14 and 2013 respectively, due to strong organic and inorganic
portfolio growth and the sharp shift in the quality of portfolio
assets in recent years.

On a consolidated basis, delinquencies were 4.8% and 5.9% in in
1Q15 and 2014, respectively, compared to 4.5% and 5.8% in 1Q14 and
2013, respectively.  Improved credit performance, particularly in
the U.S., has been influenced by improved recovery rates on
repossessions due to robust used car values.  Fitch expects
recovery rates to normalize as used car values moderate from the
current high levels, further supporting its view on normalizing
credit trends.

IMPROVING FUNDING PROFILE

GMF's funding profile has continually improved over the past few
years, with increasing access to unsecured debt markets.  Still, as
of the end of 1Q15, the company remains reliant on secured debt for
a meaningful portion of its funding, with approximately 63% of
funding in the form of ABS debt and secured revolving (warehouse)
facilities.  Unsecured debt increased to 37% of total funding at
quarter end 1Q15, from 33% at YE 2014 and 24% at YE 2013.  Fitch
expects unsecured debt as a percentage of total debt will gradually
increase going forward, which is viewed favorably.

ADEQUATE LEVERAGE AND LIQUIDITY

Capitalization and leverage levels have been adequately maintained
to reflect the growth and riskiness of earning assets.  However,
leverage has increased since the IO acquisition, which is comprised
of relatively lower risk assets.  Leverage, measured as debt to
tangible equity, increased to 6.6x at March 31, 2015 from 6.1x at
year-end 2014 (YE14), and 5.8x at YE13.  Management calculated
leverage (earning assets to tangible equity) was 6.9x at March 31,
2015 and is expected to remain within the graduated levels outlined
in GMF's Support Agreement with GM.  At March 31, 2015, the Support
Agreement permitted earning assets to tangible equity of up to 8.0x
based on assets being less than $50.0 billion.  Leverage is
expected to increase over the foreseeable future as earning assets
continue to grow and the prime lending platform is rolled out.  At
its maximum, the Support Agreement permits earning assets to
tangible equity of up to 12.0x once assets exceeds $100.0 billion.
Based on GMF's growth plans, however, this would be expected to
coincide with continued improvement in the credit risk profile and
diversity of GMF's assets as well as an increase in unencumbered
assets as GMF looks to increase its unsecured issuances as a
percentage of total funding

On a risk adjusted basis, current leverage is in line with other
Fitch-rated auto captives, whose underlying portfolios are of
higher credit quality compared to GMF's.  Further increases in
leverage without a commensurate decline in riskiness of the earning
assets, although not expected, would be viewed negatively by Fitch.


GMF's liquidity position is strong at $10.9 billion as of
March 31, 2015, including $2.1 billion in unrestricted cash, $7.2
billion of borrowing capacity on unpledged assets, $0.6 billion of
borrowing capacity on committed unsecured credit lines and $1.0
billion borrowing capacity on its intercompany credit facility.
Liquidity is further enhanced by GM's current decision to not take
dividends out of GMF.  Unsecured debt maturities are manageable
with $2.6 billion of senior notes coming due in 2015.

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

   -- Maintaining a North American EBIT margin near 10% on a
      sustained basis;

   -- Generating positive EBIT in the company's European
      operations;

   -- Maintaining a FCF margin of 2% or higher;

   -- Continued growth in global sales and/or market share,
      especially in the U.S. and China.

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

   -- A decline in the company's automotive cash position to below

      $20 billion for a prolonged period.  This could be the
      result of a change in financial policy, a negative recall-
      related development, or a need to provide GMF with liquidity

      support.

   -- A sustained period of negative FCF excluding recall-related
      costs;

   -- An unexpected merger or acquisition that materially weakens
      the company's credit profile.

The Stable Rating Outlook on GMF is linked to that of its parent.
GMF's ratings will move in tandem with its parent.  Any change in
Fitch's view on whether GMF remains core to its parent could change
this rating linkage with its parent.  A material increase in
leverage without a corresponding decrease in the risk of the
portfolio, an inability to access funding for an extended period of
time, consistent and sustained operating losses and/or significant
deterioration in the credit quality of the underlying loan and
lease portfolio could become constraining factors on the parent's
ratings.

Fitch cannot envision a scenario where GMF would be rated higher
than the parent.

Fitch has upgraded these ratings:

GM
   -- Long-term IDR to 'BBB-' from 'BB+';
   -- Unsecured credit facility rating to 'BBB-' from 'BB+";
   -- Senior unsecured rating to 'BBB-' from 'BB+'.

The Rating Outlook is Stable.

GMF
   -- Long-term IDR to 'BBB-' from 'BB+';
   -- Senior unsecured debt to 'BBB-' from 'BB+';
   -- Short-term IDR to 'F3' from 'B'.

The Rating Outlook is Stable

Opel Bank GmbH
   -- Long-term IDR to 'BBB-' from 'BB+';
   -- Senior unsecured debt to 'BBB-' from 'BB+';
   -- Short-term IDR to 'F3' from 'B';
   -- Commercial paper to 'F3' from 'B'.

The Rating Outlook is Stable.

GMAC (UK) Plc
   -- Long-term IDR to 'BBB-' from 'BB+';
   -- Short-term IDR to 'F3' from 'B';
   -- Short-term debt to 'F3' from 'B'.

The Rating Outlook is Stable.

General Motors Financial International B.V.
   -- Long-term IDR to 'BBB-' from 'BB+';
   -- Term Note Program to 'BBB-' from 'BB+'.

The Rating Outlook is Stable.



GLYECO INC: Ralph Amato Reports 8.5% Stake as of June 19
--------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Ralph M. Amato disclosed that as of June 19, 2015, he
beneficially owned 6,100,000 shares of common stock of GlyEco,
Inc., which represents 8.56 percent of the shares outstanding.  A
copy of the regulatory filing is available for free at:

                       http://is.gd/RAKcDQ

                        About GlyEco, Inc.

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

As of March 31, 2015, the Company had $16.6 million in total
assets, $2.48 million in total liabilities and $14.09 million in
total stockholders' equity.

Glyeco reported a net loss attributable to common shareholders of
$8.73 million on $5.89 million of net sales for the year ended Dec.
31, 2014, compared with a net loss of $4 million on $5.53 million
of net sales for the year ended Dec. 31, 2013.

Semple, Marchal & Cooper, LLP, in Phoenix, Arizona, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has yet to
achieve profitable operations and is dependent on its ability to
raise capital from stockholders or other sources to sustain
operations and to ultimately achieve viable operations. These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


GRIDWAY ENERGY: Seeks to Extend Deadline to Remove Suits to Oct. 5
------------------------------------------------------------------
Gridway Energy Holdings Inc. has filed a motion seeking additional
time to remove lawsuits involving the company and its affiliates.

In its motion, the company asked the U.S. Bankruptcy Court in
Delaware to move the deadline for filing notices of removal of the
lawsuits to Oct. 5, 2015.

The extension, if granted, would give the company enough time to
make "appropriate decisions" concerning the removal of lawsuits,
according to its lawyer, Donald Bowman Jr., Esq., at Young Conaway
Stargatt & Taylor LLP, in Wilmington, Delaware.

The motion is on Judge Christopher Sontchi's calendar for July 24.
Objections are due by June 26.

                       About Gridway Energy

Gridway Energy Holdings, Inc., and its affiliates, including
Glacial Energy Holdings -- providers of electricity and natural gas
in markets that have been restructured to permit retail competition
-- sought Chapter 11 bankruptcy protection (Bankr. D. Del. Lead
Case No. 14-10833) on April 10, 2014.

The Debtors have 200,000 electric residential customers and 55,000
gash residential customers across the U.S.  A large portion of the
customers' energy consumption and revenue is generated in the
northeast U.S., Ohio, Illinois and Texas (collectively accounting
for 80% of revenue), with the remaining portion coming from
California and other states.

The Debtors blamed the bankruptcy due to lower revenue brought by
increased market competition, which caused the Debtors to default
on certain of their obligations.  Gridway defaulted on $60 million
of debt.

Prepetition, the Debtors negotiated a stock purchase transaction
with an interested buyer.  But in March 2014, the purchaser
withdrew from the transaction because of the large amount of debt
that the purchaser would become liable through a stock
transaction.

The Debtors are represented by Michael R. Nestor, Esq., Joseph M.
Barry, Esq., and Donald J. Bowman, Jr., Esq., at Young Conaway
Stargatt & Taylor, LLP; and Alan M. Noskow, Esq., and Mark A.
Salzberg, Esq., at Patton Boggs LLP.  They employed Omni Management
Group, LLC, as claims and notice agent.

Gridway Energy estimated assets of $500 million to $1 billion and
debt of more than $1 billion.

The Creditors' Committee is represented by Sharon Levine, Esq., and
Philip J. Gross, Esq., at Lowenstein Sandler LLP; and Frederick B.
Rosner, Esq., and Julia B. Klein, Esq., at The Rosner Law Group
LLC.

Vantage is represented in the case by Ingrid Bagby, Esq., David E.
Kronenberg, Esq., Kenneth Irvin, Esq., and Karen Dewis, Esq., at
Cadwalader, Wickersham & Taft LLP, and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A.


GUIDED THERAPEUTICS: Board May Designate "Excepted" Stock Issuance
------------------------------------------------------------------
Effective June 19, 2015, Guided Therapeutics, Inc., amended the
Certificate of Designations, Preferences and Rights of the
Company's Series B convertible preferred stock to provide that the
Company's board of directors may designate an issuance of the
Company's common stock as an "Excepted Issuance" that, as a result
of such designation, would be exempt from the "lower price
issuance" anti-dilution provisions of the Series B preferred stock.
Prior to the amendment, the Company's board did not have this
authority.

In order to secure the consent to the amendment of the holders of
the Series B convertible preferred stock, effective June 19, 2015,
the Company agreed with each Series B Holder to reduce the exercise
price on certain "Tranche A" and "Tranche B" warrants, originally
issued to the Series B Holders on May 21, 2013.  The Company
reduced the "Tranche A" warrant exercise price per share from $1.08
to $0.10455, and the "Tranche B" warrant exercise price per share
from $0.10455 to $0.09.  The Company further agreed to grant the
Series B Holders the right to participate in the Company's next
capital-raising transaction by exchanging their shares of Series B
convertible preferred stock for the securities to be offered in any
such transaction.

Separately, the Company informed all other holders of outstanding
"Tranche A" and "Tranche B" warrants that the Company has lowered
the exercise prices per share for those warrants to $0.10455 and
$0.09, respectively.

Also effective June 19, 2015, the Company amended its certificate
of incorporation to increase its authorized amount of common stock
by 50,000,000 shares to 195,000,000, as previously disclosed in the
Company's proxy statement on Schedule 14A, filed April 27, 2015.

                     About Guided Therapeutics

Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP)
-- http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to
develop a non-invasive test for Barrett's Esophagus using the
LightTouch technology platform.

For the year ended Dec. 31, 2014, the Company reported a net loss
attributable to common stockholders of $10.03 million on $65,000 of
contract and grant revenue compared to a net loss attributable to
common stockholders of $10.39 million on $820,000 of contract and
grant revenue in 2013.

As of March 31, 2015, the Company had $2.56 million in total
assets, $7.57 million in total liabilities and $5.01 million total
stockholders' deficit.


HEALTH DIAGNOSTIC: To Ask for Court's OK to Auction Equipment
-------------------------------------------------------------
Health Diagnostic Laboratory, Inc., will ask the Hon. Kevin R.
Huennekens of the U.S. Bankruptcy Court for the Eastern District of
Virginia to approve the Company's auction of some of its surplus
equipment, John Reid Blackwell at Richmond Times-Dispatch reports.

The Company said in court documents that it will auction about 25
pieces of equipment, including chromatographic and centrifuge
equipment.

Citing the Company's spokesperson, Times-Dispatch relates that the
Company had been wanting to sell the equipment before it filed for
Chapter 11.  Katie Demeria at Richmond BizSense states that the
Company is ridding itself of excess equipment and making room to
potentially lease out extra space in its downtown headquarters.

According to Times-Dispatch, the Company retained auction firm
Ettin Group LLC to conduct an online public auction scheduled to
end on June 26.  The report says that Ettin Group will receive a
15% buyer's premium on all items sold, to be paid by purchasers,
plus sale expenses in an amount not to exceed $45,000.

Times-Dispatch reports that The Company obtained on Thursday the
Bankruptcy Court's approval of the Company's agreement with the
federal government to continue Medicare payments to the company
during its Chapter 11 proceedings.  The report says that under the
deal, which will maintain an important source of revenue for the
Company, the Company gets about 40% of its revenue from Medicare.

                     About Health Diagnostic

Health Diagnostic Laboratory, Inc., Central Medical Laboratory,
LLC, and Integrated Health Leaders, LLC, are health care businesses
based in Richmond, Virginia.  HDL is a blood testing company.

Health Diagnostic Laboratory, Inc. (Bankr. E.D. Va. Case No.
15-32919) and affiliates Central Medical Laboratory, LLC (Bankr.
E.D. Va. Case No. 15-32920) and Integrated Health Leaders, LLC
(Bankr. E.D. Va. Case No. 15-32921) filed separate Chapter 11
bankruptcy petitions on June 7, 2015, estimating their assets at
between $100 million and $500 million and their debts at between
$100 million and $500 million.  The petitions were signed by Martin
McGahan, chief restructuring officer.

Justin F. Paget, Esq., Tyler P. Brown, Esq., Jason W. Harbour,
Esq., and Henry P. (Toby) Long, III, Esq. At Hunton & Williams LLP
serve as the Debtors' bankruptcy counsel.  Alvarez & Marsal is the
Debtors' financial advisor.  Robert S. Westermann, Esq., at
Hirshler Fleisher, P.C., serve as the Debtors' conflicts counsel.
American Legal Claims Services, LLC, is the Debtors' claims,
noticing and balloting agent.


HEALTH DIAGNOSTIC: To Seek Permission to Obtain $30M Financing
--------------------------------------------------------------
John Reid Blackwell at the Richmond Times-Dispatch reports that
Health Diagnostic Laboratory, Inc., will ask for authorization from
the Hon. Kevin R. Huennekens of the U.S. Bankruptcy Court for the
Eastern District of Virginia this week to obtain a revolving credit
facility of up to $30 million from private equity firm Cerberus
Business Finance LLC under an interim term sheet agreement, while
it works out the details of a more permanent debtor-in-possession
financing agreement with Cerberus.

Times-Dispatch relates that a hearing on the Cerberus proposal is
set for Monday, June 22, 2015.

The Company said in a court filing, "In the good faith exercise of
the Debtors' business judgment, the Debtors reasonably believe that
the term sheet represents the best offer for DIP financing received
to date and that Cerberus will be able to finalize the Cerberus DIP
facility on the required expedited timeline."

                     About Health Diagnostic

Health Diagnostic Laboratory, Inc., Central Medical Laboratory,
LLC, and Integrated Health Leaders, LLC, are health care businesses
based in Richmond, Virginia.  HDL is a blood testing company.

Health Diagnostic Laboratory, Inc. (Bankr. E.D. Va. Case No.
15-32919) and affiliates Central Medical Laboratory, LLC (Bankr.
E.D. Va. Case No. 15-32920) and Integrated Health Leaders, LLC
(Bankr. E.D. Va. Case No. 15-32921) filed separate Chapter 11
bankruptcy petitions on June 7, 2015, estimating their assets at
between $100 million and $500 million and their debts at between
$100 million and $500 million.  The petitions were signed by Martin
McGahan, chief restructuring officer.

Justin F. Paget, Esq., Tyler P. Brown, Esq., Jason W. Harbour,
Esq., and Henry P. (Toby) Long, III, Esq. At Hunton & Williams LLP
serve as the Debtors' bankruptcy counsel.  Alvarez & Marsal is the
Debtors' financial advisor.  Robert S. Westermann, Esq., at
Hirshler Fleisher, P.C., serve as the Debtors' conflicts counsel.
American Legal Claims Services, LLC, is the Debtors' claims,
noticing and balloting agent.


HERCULES OFFSHORE: Reaches Restructuring Deal with Noteholders
--------------------------------------------------------------
Hercules Offshore, Inc., has entered into a restructuring support
agreement with a steering group of its senior noteholders,
collectively owning or controlling in excess of 67% of the
aggregate outstanding principal amount of the Company's 10.25%
senior notes due 2019, 8.75% senior notes due 2021, 7.5% senior
notes due 2021 and 6.75% senior notes due 2022.  

Pursuant to the Agreement, the Noteholders have agreed to (1)
support a substantial deleveraging transaction pursuant to which
approximately $1.2 billion of the Company's outstanding notes will
be converted to new common equity, and (2) backstop $450 million of
new debt financing which will fully fund the remaining construction
cost of the Hercules Highlander and provide additional liquidity to
fund the Company's operations.  Under the Agreement, the Company
and the Noteholders will seek to implement this balance sheet
restructuring through either a pre-packaged or pre-negotiated plan
of reorganization.  As set forth in the Agreement, implementation
of the pre-packaged plan of reorganization or commencement of a
Chapter 11 case with a pre-negotiated plan of reorganization will
occur within the next few weeks.

"We have reached a restructuring agreement with an overwhelming
majority of our senior noteholders that will allow Hercules to
substantially reduce its debt burden and secure additional
liquidity to help us navigate the current downcycle.  The Agreement
we reached contemplates a value maximizing transaction for the
Company, which we expect will impact our balance sheet only, while
our operations will continue as usual.  Once our financial
restructuring is completed, the new capital structure will provide
a better foundation for Hercules to meet the challenges in the
global offshore drilling market due to the downcycle in crude oil
prices and expected influx of newbuild jackup rigs over the coming
years," said president and chief executive officer John T. Rynd.

A key component of the Agreement is that pursuant to the
contemplated restructuring, all trade creditors, suppliers and
contractors are expected to be paid in the ordinary course of
business, and customer relationships will be unimpaired.  Employees
can expect that they will be paid in the ordinary course.

"Hercules has sufficient liquidity to fund its operations through
the period in which the restructuring contemplated by the Agreement
will take place, which is important in our ability to meet our
existing and future obligations to our customers, employees and
vendors," Mr. Rynd commented.

The significant elements of the Agreement include:

   * The Noteholders' support for a transaction pursuant to which
     (a) all holders of Senior Notes will agree to exchange
     approximately $1.2 billion of the outstanding notes for 96.9%
     of the Company's new common stock issued in the
     reorganization and (b) holders of the Company's existing
     common stock will receive 3.1% of the New Common Stock and
     warrants to purchase New Common Stock at a predetermined
     enterprise value.

   * The Noteholders' agreement to backstop the raising of $450
     million of new debt that would be used for general corporate
     purposes as well as to fund the remaining construction cost
     of the Company's newbuild jackup rig, Hercules Highlander.
     The debt would be guaranteed by substantially all of the
     Company's domestic and international subsidiaries and secured

     by first liens on substantially all of the Company's domestic
     and foreign assets.  The debt would have a maturity of four
     and one-half years and bear interest at LIBOR plus 9.5% per
     annum (1.0% LIBOR floor), and be issued at a price equal to
     97% of the principal amount.

   * The opportunity for all holders of Senior Notes to
     participate in the new debt raise on a pro rata basis,   
     according to their noteholdings.

"We have worked closely with the Noteholders and their advisors to
create a stronger capital structure that will allow us to better
compete in this cyclical business.  The Noteholders have also
agreed to backstop $450 million of new capital to be used for
additional liquidity and construction commitments for Hercules
Highlander, which together will help position the Company to
benefit during the expected rebound in the offshore drilling
industry.  We expect minimal interruption to our operations as we
implement the restructuring contemplated by the Agreement.  I want
to thank our employees, customers, vendors and creditors as we
navigate through this process," said Mr. Rynd.

The Company has set up a hotline to answer questions about the
transaction detailed in this press release.  The hotline can be
accessed by dialing +1 (888) 647-1715 for domestic callers, or +1
(310) 751-2619 for international callers.  The Company has also
posted FAQs on its Web site at http://www.herculesoffshore.com/

On June 17, 2015, the Company delivered a notice of termination of
its Credit Agreement, dated as of April 3, 2012, by and among the
Company, as borrower, certain subsidiaries of the Company, as
guarantors, the lenders from time to time party thereto, Deutsche
Bank AG New York Branch, as Administrative Agent and Collateral
Agent, and the other agents and parties thereto.  The obligations
under the Credit Facility are jointly and severally guaranteed by
substantially all of the Company's domestic subsidiaries.  No loans
or letters of credit were outstanding under the Credit Facility on
June 17, 2015, and the Company will not borrow funds under the
Credit Facility prior to its actual termination, which is expected
to occur on June 22, 2015.  The Company delivered that notice of
termination in connection with its entry into the Restructuring
Support Agreement.

                      About Hercules Offshore

Hercules Offshore Inc. (NASDAQ: HERO) --
http://www.herculesoffshore.com/-- provides shallow-water         

drilling and marine services to the oil and natural gas
exploration and production industry in the United States, Gulf of
Mexico and internationally.  The Company provides these services
to integrated energy companies, independent oil and natural gas
operators and national oil companies.  The Company operates in six
business segments: Domestic Offshore, International Offshore,
Inland, Domestic Liftboats, International Liftboats and Delta
Towing.

Hercules Offshore reported a net loss of $216 million in 2014,
compared with a net loss of $68.1 million in 2013.

As of March 31, 2015, the Company had $1.93 billion in total
assets, $1.37 billion in total liabilities and $559 million in
stockholders' equity.

                           *     *     *

The TCR reported in March 2015 that Moody's Investors Service
downgraded Hercules Offshore, Inc.'s Corporate Family Rating to
Caa2 from B2.  The Caa2 Corporate Family Rating (CFR) reflects the
company's contract roll-off and sparse contract coverage through
the June 2016, its aging fleet, and the projection for a
deterioration of its liquidity position.

As reported by the TCR on March 2, 2015, Standard & Poor's Ratings
Services lowered its corporate credit rating on Houston-based
Hercules Offshore Inc. to 'CCC+' from 'B-'.

"The downgrade reflects our expectation of deteriorating liquidity
over the next year, as well as the company's escalating debt
leverage," said Standard & Poor's credit analyst Stephen Scovotti.


HERCULES OFFSHORE: S&P Lowers Corporate Credit Rating to 'CC'
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Houston-based offshore driller Hercules Offshore Inc. to
'CC' from 'CCC+', and its issue-level rating on the company's
senior unsecured notes to 'CC' from 'CCC+'.  At the same time, S&P
placed the ratings on CreditWatch with negative implications.  The
'4' recovery rating on the senior unsecured notes is unchanged,
reflecting S&P's expectation of average (lower end of the 30% to
50% range) recovery for lenders in the event of a payment default.

The downgrade follows HERO's announcement that it has entered into
a restructuring support agreement with a steering group of the
company's senior noteholders, collectively owning or controlling in
excess of 67% of the aggregate outstanding principal amount of the
company's 10.25% senior notes due 2019, 8.75% senior notes due
2021, 7.5% senior notes due 2021, and 6.75% senior notes due 2022.
Pursuant to the agreement, the noteholders have agreed to support a
deleveraging transaction pursuant to which approximately $1.2
billion of the company's outstanding notes will be converted to new
common equity, and backstop $450 million of new debt financing,
which will fund the remaining construction cost of the Hercules
Highlander and provide additional liquidity.  Under the agreement,
the company and the noteholders will seek to implement this balance
sheet restructuring through either a Chapter 11 case or prepackaged
plan of reorganization.

S&P will re-evaluate the company's corporate credit rating upon
implementation of the restructuring or filing Chapter 11 of the
U.S. Bankruptcy Code.

The CreditWatch placement reflects the possibility that S&P will
lower ratings further on the implementation of a prepackaged plan
of reorganization or commencement of a Chapter 11 proceeding, and
we expect bondholders to receive less than what they were
originally promised on the securities.  S&P expects this to be
resolved early in the third quarter of 2015.

Subsequently, S&P will re-evaluate HERO's corporate credit rating
and proposed $450 million notes issue-level rating under its new
capital structure.



HERCULES OFFSHORE: To Enter Ch. 11, Aims for Prepack Plan
---------------------------------------------------------
Hercules Offshore, Inc. on June 17 disclosed that it has entered
into a Restructuring Support Agreement with a steering group of its
senior noteholders, collectively owning or controlling in excess of
67% of the aggregate outstanding principal amount of the Company's
10.25% senior notes due 2019, 8.75% senior notes due 2021, 7.5%
senior notes due 2021 and 6.75% senior notes due 2022. Pursuant to
the Agreement, the Noteholders have agreed to (1) support a
substantial deleveraging transaction pursuant to which
approximately $1.2 billion of the Company's outstanding notes will
be converted to new common equity, and (2) backstop $450 million of
new debt financing which will fully fund the remaining construction
cost of the Hercules Highlander and provide additional liquidity to
fund the Company's operations.  Under the Agreement, the Company
and the Noteholders will seek to implement this balance sheet
restructuring through either a prepackaged or pre-negotiated plan
of reorganization.  As set forth in the Agreement, implementation
of the prepackaged plan of reorganization or commencement of a
Chapter 11 case with a pre-negotiated plan of reorganization will
occur within the next few weeks.

"We have reached a restructuring agreement with an overwhelming
majority of our senior noteholders that will allow Hercules to
substantially reduce its debt burden and secure additional
liquidity to help us navigate the current downcycle.  The Agreement
we reached contemplates a value maximizing transaction for the
Company, which we expect will impact our balance sheet only, while
our operations will continue as usual.  Once our financial
restructuring is completed, the new capital structure will provide
a better foundation for Hercules to meet the challenges in the
global offshore drilling market due to the downcycle in crude oil
prices and expected influx of newbuild jackup rigs over the coming
years," said President and Chief Executive Officer John T. Rynd.

A key component of the Agreement is that pursuant to the
contemplated restructuring, all trade creditors, suppliers and
contractors are expected to be paid in the ordinary course of
business, and customer relationships will be unimpaired.  Employees
can expect they will be paid in the ordinary course.

"Hercules has sufficient liquidity to fund its operations through
the period in which the restructuring contemplated by the Agreement
will take place, which is important in our ability to meet our
existing and future obligations to our customers, employees and
vendors," Mr. Rynd commented.

Detailed terms of the Agreement are addressed in the Company's Form
8-K filed on June 17, 2015.  The significant elements of the
Agreement include:

The Noteholders' support for a transaction pursuant to which (a)
all holders of Senior Notes will agree to exchange approximately
$1.2 billion of the outstanding notes for 96.9% of the Company's
new common stock issued in the reorganization and (b) holders of
the Company's existing common stock will receive 3.1% of the New
Common Stock and warrants to purchase New Common Stock at a
predetermined enterprise value.

The Noteholders' agreement to backstop the raising of $450 million
of new debt that would be used for general corporate purposes as
well as to fund the remaining construction cost of the Company's
newbuild jackup rig, Hercules Highlander.  The debt would be
guaranteed by substantially all of the Company's domestic and
international subsidiaries and secured by first liens on
substantially all of the Company's domestic and foreign assets.

The debt would have a maturity of four and one-half years and bear
interest at LIBOR plus 9.5% per annum (1.0% LIBOR floor), and be
issued at a price equal to 97% of the principal amount.
The opportunity for all holders of Senior Notes to participate in
the new debt raise on a pro rata basis, according to their
noteholdings.

"We have worked closely with the Noteholders and their advisors to
create a stronger capital structure that will allow us to better
compete in this cyclical business.  The Noteholders have also
agreed to backstop $450 million of new capital to be used for
additional liquidity and construction commitments for Hercules
Highlander, which together will help position the Company to
benefit during the expected rebound in the offshore drilling
industry.  We expect minimal interruption to our operations as we
implement the restructuring contemplated by the Agreement.  I want
to thank our employees, customers, vendors and creditors as we
navigate through this process," said Mr. Rynd.

The Company has set up a hotline to answer questions about the
transaction detailed in this press release.  The hotline can be
accessed by dialing +1 (888) 647-1715 for domestic callers or +1
(310) 751-2619 for international callers.  The Company has also
posted FAQs on its website at http://www.herculesoffshore.com

This press release is not intended to be, and should not in any way
be construed as, a solicitation of votes of noteholders or other
investors regarding the plan of reorganization.  In addition, any
items set forth in this press release regarding the Agreement are
subject to the terms of the Agreement, and in the event of any
inconsistency, the terms of the Agreement should be relied upon.

                  About Hercules Offshore, Inc.

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com-- operates a fleet of 27 jackup
rigs, including one rig under construction, and 24 liftboats.  The
Company offers a range of services to oil and gas producers to meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.


HOLOGIC INC: Moody's Assigns 'B1' Rating to New Sr. Unsecured Notes
-------------------------------------------------------------------
Moody's Investors Service assigned Hologic, Inc.'s new $1 billion
senior unsecured notes a B1 rating. The company's Ba3 Corporate
Family Rating (CFR), Ba3-PD Probability of Default Rating (PDR),
and Ba1 senior secured credit facility ratings remain unchanged.
Hologic has very good liquidity, as indicated by its SGL-1
speculative grade liquidity rating, and its rating outlook remains
stable.

Proceeds from the new bond issue will be used to repay the
company's outstanding $1 billion unsecured notes due 2020 in a
leverage-neutral transaction. The refinancing is credit positive
because it will extend the company's debt maturity profile and
reduce interest expense modestly. Moody's will withdraw the rating
on the 2020 bond upon closing.

Moody's took the following rating actions on Hologic, Inc.:

Ratings Assigned:

  Senior unsecured notes at B1 (LGD 4)

Ratings Unchanged:

  Corporate Family Rating at Ba3
  Probability of Default Rating at Ba3-PD
  Speculative Grade Liquidity Rating at SGL-1
  Senior secured revolving credit facility at Ba1 (LGD 2)
  Senior secured Term Loan at Ba1 (LGD 2)

The outlook is stable.

RATINGS RATIONALE

Hologic's Ba3 CFR incorporates its good scale, leading market
positions within its core franchises and good revenue diversity by
product and customer. The rating is also supported by the recurring
nature of service contracts and consumables, which account for over
half of Hologic's revenues. Further, the company generates good
free cash flow, has strong interest coverage and has publicly
committed to deleveraging.

The rating is constrained by Hologic's high, though improving,
financial leverage stemming from the 2012 debt-financed acquisition
of Gen-Probe. Moody's estimates adjusted debt to EBITDA was 4.2x
for the twelve months ended March 28, 2015. However, this does not
capture the premium over the principal or taxes associated with the
convertible notes that Moody's expects the company will repay in
FY17 and FY18. Including these obligations, leverage would
approximate 4.7x. The ratings also reflect volatility that can
occur in Hologic's financial performance because its businesses are
sensitive to general medical utilization trends and fluctuations in
hospital capital equipment spending. Further, activist investors
including Carl Icahn own more than 15% of Hologic's shares, and
Moody's believes event risk could rise if earnings growth does not
continue to improve and the stock price becomes pressured.

Hologic's SGL-1 Speculative Grade Liquidity Rating reflects very
good liquidity over the next 12-18 months supported by healthy cash
balances and Moody's expectation of annual free cash flow in the
$500 million range, which will be more than sufficient to satisfy
its modest debt maturities and other cash needs. The $1 billion
revolver size provides further support.

Moody's could upgrade the ratings if Hologic can generate sustained
organic revenue growth and continue to repay debt such that the
rating agency expects adjusted debt to EBITDA to be sustained below
3.5 times.

Moody's could downgrade the ratings if market uptake of Hologic's
newer products fails to offset declines in older products,
resulting in revenue and earnings erosion. Specifically, ratings
could be downgraded if Moody's expects adjusted debt to EBITDA to
be sustained above 4.5x times, or if liquidity deteriorates
meaningfully.

Hologic, Inc. ("Hologic"; NASDAQ: HOLX) is a leading developer,
manufacturer and supplier of premium diagnostic products, medical
imaging systems and surgical products. The Company's core business
units focus on diagnostics, breast health, GYN surgical, and
skeletal health. Hologic reported revenues of about $2.6 billion in
the twelve months ended March 28, 2015.



HOLOGIC INC: S&P Assigns 'BB' Rating on New $1BB Unsecured Notes
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned a 'BB'
issue-level rating and '3' recovery rating to Bedford, Mass.-based
medical device manufacturer Hologic Inc.'s new $1 billion unsecured
notes that mature in 2022.  The notes will replace the company's
existing $1 billion notes that mature in 2020.  The recovery rating
on the new notes is capped at a '3', reflecting S&P's expectation
for meaningful (50% to 70%; at the high end of the range) recovery
in the event of default.

S&P's 'BB' corporate credit rating on Hologic is unaffected by this
leverage-neutral refinancing, and reflects S&P's assessments of a
"fair" business risk profile and a "significant" financial risk
profile.  The business risk assessment reflects the company's
moderate product and geographic diversity and solid profitability.
The financial risk assessment reflects S&P's expectation for debt
leverage of 3.7x by 2015.

RATINGS LIST

Hologic Inc.
Corporate Credit Rating             BB/Stable/--

New Rating

Hologic Inc.
$1 Bil. Unsecured Notes Due 2022    BB
   Recovery Rating                   3H



IN RE RONES: Ch. 13 Debtors Can Strip Off Condo Association Liens
-----------------------------------------------------------------
Consumer bankruptcy law firm Levitt & Slafkes has prevailed in a
suit where their clients, a married couple that filed Chapter 13
bankruptcy, sought to strip off a condominium association lien as
an unsecured debt.

In In re Rones, Case No. 14-35899 (Bankr. D.N.J.) the value of the
Debtors' condominium unit was below the amount owed on the first
mortgage.  The condominium association filed a secured claim in the
amount of $18,761,76, the amount of its recorded liens.

The Debtors had received a loan modification, but did not have
sufficient funds to pay the secured claim of the association in
full.  On behalf of the Debtors, Bruce Levitt of Levitt & Slafkes
proposed a plan to pay the condominium association the amount of
$1,494.00, representing the six-month priority accorded to payment
of condominium association charges under New Jersey law.

The association objected, claiming that its sole collateral is the
Debtors' principal residence and the priority treatment provided to
it under New Jersey law partially secures the lien.  It claimed
that the Plan treatment violated the anti-modification provision of
11 U.S.C. 1322(b)(2).

"It is a common problem that condominium associations take the
position with the bankruptcy court that their liens are a secured
debt that must be paid in full under a Chapter 13 Debtors' Plan,"
said Levitt.  "For the Debtor who is struggling to cure mortgage
arrears or just stay current on their mortgage debt, being forced
to pay the lien claim may often be the difference between
confirming the Plan or not.

In a victory for the Debtors, the Court ruled that where the value
of the condominium is less than that amount owed on a mortgage, the
condominium association lien constitutes a security interest that
can be stripped off as it is wholly unsecured.

Recognizing that the relevant New Jersey statute provides a
priority for payment of six months of customary charges of the
condominium association over other prior recorded liens, the Court
ruled that the bankruptcy plan must provide for payment of that
six-month priority amount.

The In re Rones case is the first case in New Jersey and among only
a handful of cases throughout the country that directly address
this issue.

                    About Levitt & Slafkes

Levitt & Slafkes -- http://www.lsbankruptcylaw.com/-- is an Essex
County, New Jersey consumer bankruptcy and foreclosure defense law
firm.  The firm concentrates on bankruptcy law, debt relief,
foreclosure defense, mortgage modification, and commercial and
bankruptcy litigation.  It represents debtors in Chapter 7, Chapter
13 and Chapter 11 bankruptcy filings.  


INTELLIPHARMACEUTICS INT'L: Updates Status of Generic Focalin XR
----------------------------------------------------------------
Intellipharmaceutics International Inc. announced that the United
States Food and Drug Administration has indicated that the
Company's tentatively-approved strengths of its generic Focalin XR
(dexmethylphenidate hydrochloride extended-release) capsules will
have to meet newly-imposed conditions for bioequivalence prior to
receiving final approval.  The strengths affected are 5 mg, 10 mg,
20 mg and 40 mg.  The already-approved 15 mg and 30 mg strengths
now in the market are not affected.

The FDA, in November 2013, had previously granted the Company
tentative approvals for the 5 mg, 10 mg, 20 mg, and 40 mg strengths
of its generic Focalin XR.  The Company is now required by the FDA
to demonstrate bioequivalence with Focalin XR, under the new
bioequivalence criteria, for the 40 mg strength as a basis for the
approval of each of the affected strengths.

The Company, together with its United States commercialization
partner, Par Pharmaceutical, Inc., intends to review and vigorously
pursue all reasonable courses of action towards achieving final
approval for each of the affected strengths.  There can be no
assurance that the affected strengths of the Product will be
granted final FDA approval or sold commercially.

                     About Intellipharmaceutics

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

Intellipharmaceutics reported a net loss of $3.85 million on $8.76
million of revenues for the year ended Nov. 30, 2014, compared with
a net loss of $11.5 million on $1.52 million of revenues for the
year ended Nov. 30, 2013.

As of Feb. 28, 2015, the Company had $7.31 million in total assets,
$3.13 million in total liabilities, and $4.18 million in
shareholders' equity.

Deloitte LLP, in Toronto, Canada, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Nov. 30, 2014, citing that the Company's recurring losses
from operations and the accumulated deficit cast substantial doubt
about the Company's ability to continue as a going concern.


INVENTERGY GLOBAL: Incurs $6.63-Mil. Net Loss in First Quarter
--------------------------------------------------------------
Inventergy Global, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $6.63 million on $166,912 of revenues for
the three months ended Mar. 31, 2015, compared with a net loss of
$5.43 million on $nil of revenues for the same period last year.

The Company's balance sheet at Mar. 31, 2015, showed $37.71 million
in total assets, $35.31 million in total liabilities, and a
stockholders' equity of $2.4 million.

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

                        http://is.gd/O6NvoQ

Inventergy Global, Inc., is a Campbell, California-based
intellectual property (IP) investment and licensing company.  The
Company aims to help corporations attain greater value from their
IP assets by licensing or selling those patents.

Marcum LLP expressed substantial doubt about the Company's ability
to continue as a going concern, citing that the Company has
incurred losses since inception and does not have sufficient
liquidity to fund its presently anticipated operations beyond the
second quarter of 2015.

The Company reported a net loss of $20.08 million on $719,000 of
revenue for the year ended Dec. 31, 2014, compared with a net loss
of $4.73 million on $nil of revenues in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $37.9 million
in total assets, $29.2 million in total liabilities, and
stockholders' equity of $8.67 million.



JAZZ SECURITIES: S&P Rates New $1.5BB Sec. Credit Facilities 'BB+'
------------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' issue-level
rating to Jazz Securities Ltd.'s new $1.5 billion senior secured
credit facilities.  The new credit facilities will be guaranteed by
Jazz Pharmaceuticals PLC, and certain of its wholly owned
subsidiaries.

The recovery rating on the new credit facilities is '2', reflecting
S&P's expectation for substantial (in the upper half of the 70% to
90% band) recovery in the event of default.  The company will use
the new credit facilities to repay the existing credit facilities
and to provide for general corporate purposes including potential
business development activities.

S&P is withdrawing its issue-level rating on Jazz Pharmaceuticals
Inc.'s existing credit facilities because they are being repaid.

The corporate credit rating on Jazz Pharmaceuticals PLC is 'BB' and
the outlook is stable.

RATINGS LIST

Jazz Pharmaceuticals PLC
Corporate Credit Rating           BB/Stable/--

New Rating

Jazz Securities Ltd.
$1.5 Bil. Senior Secured
  Credit Facilities*               BB+
   Recovery Rating                 2H

*Guaranteed by Jazz Pharmaceuticals PLC

Ratings Withdrawn
                                    To            From
Jazz Pharmaceuticals Inc.
Senior Secured
  Credit Facilities                 NR            BB+
   Recovery Rating                  NR            2L



JONES SODA: Reports $278K Net Loss in Q1 Ending Mar. 31
-------------------------------------------------------
Jones Soda Co. filed its quarterly report on Form 10-Q, disclosing
a net loss of $278,000 on $2.89 million of revenues for the three
months ended March 31, 2015, compared with a net loss of $539,000
on $2.89 million of revenues for the same period in the prior
year.

The Company's balance sheet at March 31, 2015, showed $5.25 million
in total assets, $2.82 million in total liabilities, and
stockholders' equity of $2.43 million.

"The uncertainties relating to our ability to successfully execute
on our business plan and finance our operations continue to raise
substantial doubt about our ability to continue as a going
concern," the Company said in the 10-Q filing.

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

                        http://is.gd/YyP5Rn

Seattle-based Jones Soda Co. (OTC QB: JSDA), markets and
distributes premium beverages under the Jones(R) Soda, Jones
Zilch(R), Natural Jones(TM) Soda and WhoopAss(TM) Energy Drink
brands and sells through its distribution network.



JTS LLC: Section 341(a) Meeting Scheduled for July 23
-----------------------------------------------------
A meeting of creditors in the bankruptcy case of JTS, LLC will be
held on July 23, 2015, at 1:00 p.m. at Room 154 - New Federal
Building (cred mtg room).  Proofs of claim are due by Oct. 21,
2015.

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

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

JTS, LLC, doing business as Johnson's Tire Service, sought Chapter
11 protection (Bankr. D. Alaska Case No. 15-00167) in Anchorage,
Alaska, on June 15, 2015, without stating a reason.  JTS, in the
business of retail tire sales and automobile maintenance and
repair, estimated $10 million to $50 million in assets and debt.
The formal schedules of assets and liabilities and the statement of
financial affairs are due June 29, 2015.  The Debtor tapped David
H. Bundy, Esq., at David H. Bundy, PC, in Anchorage, as counsel.


LERIN HILLS: Has Court Approval to Hire Dykema as Counsel
---------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas, San Antonio Division, gave MA Lerin
Hills Holder, LP, et al., interim authority to employ Dykema Cox
Smith as bankruptcy counsel.

The hourly rates of the primary attorneys and paralegals within
Dykema who will represent the Debtors are:

         Name                      Category       Hourly Rate
         ----                      --------       -----------
         Deborah D. Williamson     Shareholder       $610
         David Kinder              Shareholder       $465
         Patrick L. Huffstickler   Shareholder       $450
         Mark Barrea               Shareholder       $380
         Jesse Moore               Senior Attorney   $335
         Allison C. Seifert        Paralegal         $180

The Interim Order will become a final order absent any objections
filed within 21 days after entry of the Interim Order.

                         About Lerin Hills

MA Lerin Hills Holder, LP, LH Devco, Inc., and Lerin Hills Utility
Inc., own 867 acres of real property known as the Lerin Hills
residential real estate development located in Boerne, Texas.  The
Lerin Hills project currently produces no cash flow, has run out of
cash and remains materially unfinished.

In December 2014, the companies defaulted on debt to Putnam Funding
III, LLC, which claims to be owed not less than $41.3 million as of
the Petition Date.  On April 7, 2015, at the behest of Putnam, the
216th Judicial District Court in Kendall County, Texas, appointed
Andrew S. Cohen as receiver for the assets.

On June 8, 2015, the Receiver filed Chapter 11 bankruptcy petitions
for MA Lerin Hills and its two affiliates (Bankr. W.D. Tex. Case
Nos. 15-51424 to 15-51426) in San Antonio, Texas.  The Receiver
immediately filed a Joint Chapter 11 Plan of Liquidating Plan for
the Debtors.  The Plan is being sponsored by Putnam.

The Debtors tapped Cox Smith Matthews Incorporated as attorneys.
Putnam tapped Akin Gump Strauss Hauer & Feld LLP as counsel.


LERIN HILLS: July 24 Deadline for Filing Claims
-----------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas, San Antonio Division, established July
24, 2015, as the deadline for filing prepetition claims against or
interests in MA Lerin Hills Holder, LP.

                         About Lerin Hills

MA Lerin Hills Holder, LP, LH Devco, Inc., and Lerin Hills Utility
Inc., own 867 acres of real property known as the Lerin Hills
residential real estate development located in Boerne, Texas.  The
Lerin Hills project currently produces no cash flow, has run out of
cash and remains materially unfinished.

In December 2014, the companies defaulted on debt to Putnam Funding
III, LLC, which claims to be owed not less than $41.3 million as of
the Petition Date.  On April 7, 2015, at the behest of Putnam, the
216th Judicial District Court in Kendall County, Texas, appointed
Andrew S. Cohen as receiver for the assets.

On June 8, 2015, the Receiver filed Chapter 11 bankruptcy petitions
for MA Lerin Hills and its two affiliates (Bankr. W.D. Tex. Case
Nos. 15-51424 to 15-51426) in San Antonio, Texas.  The Receiver
immediately filed a Joint Chapter 11 Plan of Liquidating Plan for
the Debtors.  The Plan is being sponsored by Putnam.

The Debtors tapped Cox Smith Matthews Incorporated as attorneys.
Putnam tapped Akin Gump Strauss Hauer & Feld LLP as counsel.


LERIN HILLS: Receiver Excused from Sec. 543 Compliance
------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas, San Antonio Division, authorized MA
Lerin Hills Holder, LP, et al., to designate Andrew S. Cohen, as
person in control of the Debtors, and excused the Receiver from
compliance with Section 543(b)(2) of the Bankruptcy Code.

Judge Gargotta further ordered that the Receiver is excused from
compliance with Section 543(d) with respect to claims and causes of
action; and from full compliance with Section 543(d), such that all
the claims and causes of action against third parties that
otherwise constitute property of the estate pursuant to Section 541
will remain in the possession and control of the Receiver
notwithstanding the commencement of these cases, subject to further
order of the court.

                         About Lerin Hills

MA Lerin Hills Holder, LP, LH Devco, Inc., and Lerin Hills Utility
Inc., own 867 acres of real property known as the Lerin Hills
residential real estate development located in Boerne, Texas.  The
Lerin Hills project currently produces no cash flow, has run out of
cash and remains materially unfinished.

In December 2014, the companies defaulted on debt to Putnam Funding
III, LLC, which claims to be owed not less than $41.3 million as of
the Petition Date.  On April 7, 2015, at the behest of Putnam, the
216th Judicial District Court in Kendall County, Texas, appointed
Andrew S. Cohen as receiver for the assets.

On June 8, 2015, the Receiver filed Chapter 11 bankruptcy petitions
for MA Lerin Hills and its two affiliates (Bankr. W.D. Tex. Case
Nos. 15-51424 to 15-51426) in San Antonio, Texas.  The Receiver
immediately filed a Joint Chapter 11 Plan of Liquidating Plan for
the Debtors.  The Plan is being sponsored by Putnam.

The Debtors tapped Cox Smith Matthews Incorporated as attorneys.
Putnam tapped Akin Gump Strauss Hauer & Feld LLP as counsel.


LEVEL 3 COMMUNICATIONS: May Issue 23M Shares Under Incentive Plan
-----------------------------------------------------------------
Level 3 Communications, Inc. filed with the Securities and Exchange
Commission a Form S-8 registration statement to register 23,485,073
shares of common stock which may be issued under the Company's
Stock Incentive Plan.  The proposed maximum aggregate offering
price is $1.2 billion.  A full-text copy of the prospectus is
available for free at http://is.gd/z9RM3u

                    About Level 3 Communications

Headquartered in Broomfield, Colorado, Level 3 Communications,
Inc., is a publicly traded international communications company
with one of the world's largest communications and Internet
backbones.

For the year ended Dec. 31, 2014, the Company reported net income
of $314 million on $6.77 billion of revenue compared to a net loss
of $109 million on $6.31 billion of revenue during the prior year.

As of March 31, 2015, the Company had $21.3 billion in total
assets, $14.58 billion in total liabilities and $6.71 billion in
total stockholders' equity.

                           *     *     *

In June 2014, Fitch Ratings upgraded the Issuer Default Rating
(IDR) assigned to Level 3 Communications, Inc. (LVLT) and its
wholly owned subsidiary Level 3 Financing, Inc. (Level 3
Financing) to 'B+' from 'B'.

"The upgrade of LVLT's ratings is supported by the continued
strengthening of the company's credit profile since the close of
the Global Crossing Limited (GLBC) acquisition, positive operating
momentum evidenced by expanding gross and EBITDA margins, and
ongoing revenue growth within the company's Core Network Services
(CNS) segment and its position to generate meaning FCF," Fitch
stated.

In June 2013, Standard & Poor's Ratings Services raised its
corporate credit rating on Level 3 to 'B' from 'B-'.  "The upgrade
reflects improved debt leverage, initially from the acquisition of
the lower-leveraged Global Crossing in October 2011, and
subsequently from realization of the bulk of what the company
expects to eventually be $300 million of annual operating
synergies," said Standard & Poor's credit analyst Richard
Siderman.

As reported by the TCR on Oct. 31, 2014, Moody's Investors Service
upgraded Level 3's corporate family rating (CFR) to 'B2' from
'B3'.

Level 3's B2 CFR is based on the company's ability to generate
relatively modest free cash flow of between $250 million and $300
million in 2016 and, inclusive of debt which is presumed to be
converted to equity in 2015, to de-lever by approximately 0.5x to
4.8x (Moody's adjusted) by the end of 2016.


LPATH INC: Stockholders Elect Five Directors
--------------------------------------------
LPath, Inc., held its annual meeting of stockholders on June 16,
2015, at which the stockholders:

   (1) elected Daniel H. Petree, Jeffrey A. Ferrell, Charles A.
       Matthews, Daniel L. Kisner, M.D. and Donald R. Swortwood
       as directors, each to serve for a one-year term;

   (2) ratified the appointment of Moss Adams, LLP as the
       Company's independent registered public accounting firm for
       the fiscal year ending Dec. 31, 2015;

   (3) approved, on a non-binding advisory basis, the compensation
       of the Company's named executive officers; and

   (4) approved an amendment to the Company's Amended and Restated
       2005 Equity Incentive Plan which, among other changes,
       increases the number of shares of the Company's common
       stock issuable under the Plan by 1,700,000 shares to
       4,200,000 shares.

On June 16, 2015, the Board of Directors of Lpath granted stock
options pursuant to the Company's Amended and Restated 2005 Equity
Incentive Plan to Gary Atkinson, Gary Woodnutt, Ph.D., and Dario
Paggiarino, M.D., each of whom is a named executive officer of the
Company.  The Board granted the Stock Options as a retention tool
for these named executive officers.  Each of the Stock Options are
exercisable to purchase 150,000 shares of the Company's common
stock at a purchase price of $0.28 per share, the closing price of
the Company's common stock on the NASDAQ Capital Market on
June 15, 2015.  The Stock Options vest in 48 equal monthly
installments measured from the date of grant.  In the event of the
departure from the Company of any of Mr. Atkinson, Dr. Woodnutt or
Dr. Paggiarino, they will each have, as applicable, a period of 12
months following such departure to exercise their respective Stock
Options.  In addition, upon a change of control of the Company, the
Stock Options will accelerate and become fully-vested.

In an effort to conserve the Company's resources, the Board also
reduced the consulting services provided by Michael Lack, the
Company's interim chief executive officer, to one day per week,
with a corresponding reduction in his monthly consulting fee to
$7,500 per month.

                            About LPath

San Diego, Calif.-based Lpath, Inc. is a biotechnology company
focused on the discovery and development of lipidomic-based
therapeutics, an emerging field of medical science whereby
bioactive lipids are targeted to treat human diseases.

LPath reported a net loss of $16.6 million in 2014, a net loss of
$6.56 million in 2013 and a net loss of $2.75 million in 2012.

As of March 31, 2015, the Company had $17.1 million in total
assets, $3.76 million in total liabilities and $13.3 million in
total stockholders' equity.


MA LERIN HILLS: Court Requires Notice of MUD Actions
----------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas, San Antonio Division, issued, on an
interim basis, an order requiring that Lerin Hills Municipal
Utility District ("MUD") or its directors, as applicable, give MA
Lerin Hills Holder, LP, et al., advanced notice of any proposed
action to be taken by the MUD, or by any of its directors related
to or affecting the operation, development or value of the Debtors'
property or other governance of the MUD.

As previously reported by The Troubled Company Reporter, the
Debtors' counsel, Deborah D. Williamson, Esq., at Dykema Cox Smith,
relates that a fundamental aspect of the development of the
Debtors' primary asset and fundamental purpose for exiting -- the
Lerin Hills residential development -- is the need to bring full
water and wastewater services to the Debtor's property.  Without
these basic utilities, the property simply cannot be developed:
lots cannot be sold, homes cannot be built, revenue cannot be
generated, and the Debtors cannot repay their prepetition secured
lender, Putnam Bridge Funding III, LLC, or their other creditors.
The procurement of water and sewer facilities, then, is a vital
milestone that must be met as soon as possible.  In accordance with
Texas law, the MUD was formed to ensure that any such water and
sewer facilities are procured and to facilitate a means by which
the Debtors ultimately can be reimbursed for the significant costs
necessary to establish such systems.

Ms. Williamson avers that the interests of the MUD and the Debtors
therefore are closely aligned, and the operation of the MUD is a
key component to the successful restructuring of the Debtors'
balance sheet development of the property.  Because the success of
the Debtors' efforts are so closely intertwined with the MUD, it is
vital for the Debtors to be aware of any proposed action to be
taken by the MUD, or by any of the MUD directors, which directly or
indirectly could impact the property, Ms. Williamson tells the
Court.

If no objection to the relief is timely filed on or before July 2,
2015, the Order will become final.

                         About Lerin Hills

MA Lerin Hills Holder, LP, LH Devco, Inc., and Lerin Hills Utility
Inc., own 867 acres of real property known as the Lerin Hills
residential real estate development located in Boerne, Texas.  The
Lerin Hills project currently produces no cash flow, has run out of
cash and remains materially unfinished.

In December 2014, the companies defaulted on debt to Putnam Funding
III, LLC, which claims to be owed not less than $41.3 million as of
the Petition Date.  On April 7, 2015, at the behest of Putnam, the
216th Judicial District Court in Kendall County, Texas, appointed
Andrew S. Cohen as receiver for the assets.

On June 8, 2015, the Receiver filed Chapter 11 bankruptcy petitions
for MA Lerin Hills and its two affiliates (Bankr. W.D. Tex. Case
Nos. 15-51424 to 15-51426) in San Antonio, Texas.  The Receiver
immediately filed a Joint Chapter 11 Plan of Liquidating Plan for
the Debtors.  The Plan is being sponsored by Putnam.

The Debtors tapped Cox Smith Matthews Incorporated as attorneys.
Putnam tapped Akin Gump Strauss Hauer & Feld LLP as counsel.


MA LERIN HILLS: Has OK to Tap Golden Steves as Special Counsel
--------------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas, San Antonio Division, authorized MA
Lerin Hills Holder, LP, to employ Golden Steves Cohen & Gordon LLP
as special counsel to advise regarding real estate issues.

The primary attorneys within Golden Steves who will represent the
Debtors and their hourly rates are:

         Name                 Category            Hourly Rate
         ----                 --------            -----------
         Andrew S. Cohen      Shareholder            $500
         Marthy Hardy         Senior Counsel         $295
         Trey Jacobsen        Attorney               $250
         Victoria Gonzalez    Project Coordinator    $100

Mr. will be compensated at the rate of $8,500 per week and $500 per
hour for attendance at or preparation for any hearings, discovery
or mediations.

                         About Lerin Hills

MA Lerin Hills Holder, LP, LH Devco, Inc., and Lerin Hills Utility
Inc., own 867 acres of real property known as the Lerin Hills
residential real estate development located in Boerne, Texas.  The
Lerin Hills project currently produces no cash flow, has run out of
cash and remains materially unfinished.

In December 2014, the companies defaulted on debt to Putnam Funding
III, LLC, which claims to be owed not less than $41.3 million as of
the Petition Date.  On April 7, 2015, at the behest of Putnam, the
216th Judicial District Court in Kendall County, Texas, appointed
Andrew S. Cohen as receiver for the assets.

On June 8, 2015, the Receiver filed Chapter 11 bankruptcy petitions
for MA Lerin Hills and its two affiliates (Bankr. W.D. Tex. Case
Nos. 15-51424 to 15-51426) in San Antonio, Texas.  The Receiver
immediately filed a Joint Chapter 11 Plan of Liquidating Plan for
the Debtors.  The Plan is being sponsored by Putnam.

The Debtors tapped Cox Smith Matthews Incorporated as attorneys.
Putnam tapped Akin Gump Strauss Hauer & Feld LLP as counsel.


MAGINDUSTRIES CORP: Put Under TSX Listing Eligibility Review
------------------------------------------------------------
MagIndustries Corp. on June 17 disclosed that Ernst & Young LLP
has notified the Corporation that it has resigned as the auditor of
the Corporation effective June 16, 2015, as they have concluded in
their professional judgment that they are unable to complete the
audit of the consolidated financial statements for the year ended
December 31, 2014 in accordance with professional standards.  The
Company will commence a search for a replacement auditor.
MagIndustries intends to prepare and file a change of auditor
notice in accordance with the requirements and timing of National
Instrument 51-102.  Such notice will provide additional information
with respect to the resignation of the Former Auditor and will be
available under the Corporation's profile on SEDAR at www.sedar.com
in the form of the reporting package required to be filed by the
Corporation pursuant to NI-51-102.

The Company also disclosed that the Toronto Stock Exchange has
informed the Company that it is reviewing the eligibility for
continued listing of MagIndustries' common shares on the TSX.  The
Company is being reviewed under the TSX's Remedial Review Process
and has been granted 30 days to comply with all requirements for
continued listing.  If the Company is unable to demonstrate on or
before July 17, 2015 that it meets all TSX requirements for
continued listing, the Company's securities will be delisted 30
days from such date.

                   About MagIndustries Corp.

MagIndustries is a Canadian company whose common shares are listed
on the Toronto Stock Exchange and trade in Canadian currency under
the symbol "MAA".  The Company has 755,942,674 common shares
outstanding.  MagIndustries is focused on the development of its
potash assets in the Republic of Congo.


MARINA BIOTECH: Withdraws Form S-1 Registration Statement with SEC
------------------------------------------------------------------
Marina Biotech, Inc., filed with the U.S. Securities and Exchange
Commission a letter requesting the withdrawal of its registration
statement on Form S-1 (Reg. No. 333-201480), together with all
exhibits and amendments thereto, which originally was filed with
the Commission on Jan. 14, 2015.

The Registration Statement, which has not been declared effective
by the Commission, is being withdrawn due to recent changes in the
Company's financing plans.  Specifically, the Company has
determined that a significant capital raising transaction is not in
the best interests of shareholders at this time.  Instead, the
Company intends to pursue other methods to advance its corporate
strategy with a focus on near-term, non-dilutive fund raising
through licensing and collaborative transactions.

           Presentation at the BIO International Convention

On June 16, 2015, Michael French, the president and chief executive
officer of the Company, presented at the 2015 BIO International
Convention in Philadelphia, Pennsylvania.  A copy of the slide deck
used in connection with the presentation is available for free at
http://is.gd/dyMjZM

                        About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported a net loss of $6.47 million on $500,000 of
license and other revenue for the year ended Dec. 31, 2014,
compared to a net loss of $1.57 million on $2.11 million of license
and other revenue in 2013.

As of March 31, 2015, the Company had $8.04 million in total
assets, $11.69 million in total liabilities and a $3.65 million
total stockholders' deficit.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing the Company has suffered
recurring losses from operations, has a significant accumulated
deficit and has been unable to raise sufficient capital to fund its
operations through the end of 2015.  This raises substantial doubt
about the Company's ability to continue as a going concern, the
auditors noted.


MARYMOUNT UNIVERSITY: S&P Assigns 'BB+' Rating on $65.77MM Bonds
----------------------------------------------------------------
Standard & Poor's Rating Services assigned its 'BB+' long-term
rating to the Virginia College Building Authority's $65.77 million
series 2015B educational facilities revenue bonds issued for
Marymount University (MU).  The outlook is stable.

In addition, Standard & Poor's affirmed its 'BB+' rating on the
authority's $65.01 million series 2015A revenue and refunding
bonds, also issued for MU.

"The rating reflects MU's significantly increased debt leverage as
it more than doubles its outstanding debt from $60.6 million
outstanding at fiscal year end June 30, 2014, to slightly over $153
million with the current issuance and an $18 million bank loan to a
special purpose entity whose sole member is MU that is expected to
close shortly," said Standard & Poor's credit analyst Ken Rodgers.
"Also, MU's debt burden, in our view, becomes fairly high rising to
10.7% post debt issuance from 6.4% at fiscal year-end 2014."  MU is
using money from both debt obligations to fund construction of a
$75 million new academic building at the university's Ballston
Center campus.

"The rating also reflects the effect the current debt issues have
on MU's financial resource ratios with its expendable resources to
pro forma debt dropping to a low 25.1% from the 63.6% historical
ratio at fiscal year-end June 30, 2014," added Mr. Rodgers.  Also,
reflected in the rating is S&P's view that MU's enrollment is under
some pressure having declined in each of the past two fall
enrollment periods and some uncertainty exists about whether fall
2015 enrollment will stabilize as management indicated
undergraduate enrollment is expected to improve slightly but
graduate enrollment may be down.  The rating remains at the high
end of the speculative grade ratings spectrum reflecting MU's good
financial operating performance on a full-accrual basis and a $37.8
million endowment as of fiscal year end 2014 reflecting a
successful six-year fundraising campaign that concluded in 2011 and
raised $22.4 million with the university currently in the silent
phase of its next campaign.

The stable outlook reflects S&P's view that Marymount University
has some flexibility at the assigned rating, in terms of its
student demand and financial performance, to enable it to undertake
the Ballston Center campus project with its inherent risks and
altering university financial profile.  An anticipated improved
student demand trend, a demonstrated track record of solid
operating performance, and weak though adequate financial resources
for the rating lead S&P to conclude the present rating could be
maintained for the next two years absent any significant problems
associated with the project.

Credit factors that could result in a negative action include
unanticipated management instability, a decline in enrollment or
operating performance, further decreases in financial resource
ratios, additional debt without a commensurate growth in resources
or any indication that the project is not on time or within budget.


A positive rating action over the next two years is unlikely, given
what S&P views as limited balance-sheet flexibility for the rating.
However, a higher rating could be considered if enrollment
strengthens considerably, financial results remain positive and
financial resources improve significantly so as to mitigate some of
the risk associated with the high debt burden and project risk.

Marymount University is a private, nonprofit coeducational
institution of higher education.  Founded in 1950 as a two-year
women's college by the Religious of the Sacred Heart of Mary, it
has subsequently grown to become a comprehensive, coeducational
university serving approximately 3,400 undergraduate and graduate
students.  The student base is regional, with nearly 75% of the
total student population coming from Virginia, D.C., and Maryland.
Marymount's main campus, in Arlington, is approximately six miles
from D.C. and it has two other, satellite, campuses at Ballston and
Reston.



MEDIMPACT HOLDINGS: Moody's Hikes Corporate Family Rating to 'B2'
-----------------------------------------------------------------
Moody's Investors Service upgraded MedImpact Holdings, Inc.'s
Corporate Family Rating (CFR) to B2 from B3 and its Probability of
Default Rating (PDR) to B2-PD from B3-PD. Moody's also upgraded the
company's senior secured notes to Caa1 from Caa2, and its
Speculative Grade Liquidity Rating to SGL-2 from SGL-3. The rating
outlook is stable.

The upgrade reflects Moody's belief that with recent improvements
in EBITDA, the company will be able to sustain leverage below 4.0
times.

Moody's took the following rating actions on MedImpact Holdings:

Ratings upgraded:

Corporate Family Rating to B2 from B3

Probability of Default Rating to B2-PD from B3-PD

$160 million senior secured notes to Caa1 from Caa2 (LGD5)

$230 million senior secured notes to Caa1 from Caa2 (LGD5)

Speculative Grade Liquidity Rating to SGL-2 from SGL-3

The outlook is stable

RATINGS RATIONALE

"MedImpact's leverage and cash flow metrics have improved following
its acquisition of discount drug card businesses in 2013," said
Diana Lee, a Moody's Vice President and Senior Credit Officer.

MedImpact's B2 CFR reflects its small revenue base, moderately high
leverage, a concentrated ownership structure that historically
resulted in aggressive financial practices, as well as uncertainty
associated with a consolidating sector. Leverage has declined from
heightened levels following the issuance of debt in 2013 to
partially fund acquisitions of ScriptSave and Apex Affinity, both
offering drug card savings programs. The ratings benefit from
MedImpact's position as a niche pharmacy benefit manager (PBM) that
serves mid-sized customers, including hospital systems, regional
managed care organizations and state Medicaid health plans. Recent
acquisitions and new contract wins should continue to improve
top-line growth and help offset pressure on revenue per claim.
Because MedImpact does not purchase drugs or own mail-order
fulfillment or specialty services, its revenue base is extremely
small compared to larger full-service PBMs. There is uncertainty
associated with consolidation of both PBMs and other related
players, including health plans. In light of changing sector
dynamics, MedImpact is likely to pursue additional acquisitions.

The stable outlook reflects Moody's belief that MedImpact will be
able to sustain leverage below 4.0 times even if it pursues small
to moderate-sized acquisitions. The outlook also incorporates
Moody's view that growth in its top-line and profitability will be
supported by new client wins and retention of a larger portion of
rebates from drug manufacturers. If MedImpact is able to
demonstrate ongoing improvement in sales and profitability so that
debt/EBITDA is sustained around 3.0 times, the ratings could be
upgraded. This further assumes that management is committed to
conservative financial practices. If operating results (associated
with loss of members or pricing constraints) deteriorate, the
ratings could be downgraded. If MedImpact borrows for additional
acquisitions or to address payable needs or if liquidity weakens,
it could result in a ratings downgrade. Debt/EBITDA sustained above
4.0 times could also result in a ratings downgrade.

MedImpact's SGL-2 Speculative Grade Liquidity Rating reflects
Moody's expectation of good liquidity over the next 12-18 months,
supported by healthy cash balances and positive free cash flow.

MedImpact Holdings, Inc. ("MedImpact") is the parent of its
principal operating subsidiary, MedImpact Healthcare Systems, Inc.,
a full service PBM headquartered in San Diego, California. The
company serves a number of customers including hospital systems,
regional managed care organizations ("MCO's") and state Medicaid
plans. The majority shareholder, who is the founder of MedImpact,
owns approximately 89% of the company.



MILESTONE SCIENTIFIC: Stockholders Elect Five Directors
-------------------------------------------------------
Milestone Scientific Inc. held its 2015 annual meeting of
stockholders on June 17, 2015, at which the stockholders
elected Leslie Bernhard, Leonard A. Osser, Leonard M. Schiller,
Gian Domenico Trombetta and Edward J. Zelnick, M.D. as directors
to serve until the next annual meeting of the Company's
stockholders or until their respective successors have been duly
elected and qualified.  The stockholders also approved, on an
advisory basis, the appointment of Baker Tilly Virchow Krause LLP
as the Company's independent auditors for the 2015 fiscal year.

                    About Milestone Scientific

Livingston, N.J.-based Milestone Scientific Inc. is engaged in
pioneering proprietary, innovative, computer-controlled injection
technologies and solutions for the medical and dental markets.

The Company reported a net loss attributable to the Company of $1.7
million on $10.33 million of net product sales for the year ended
Dec. 31, 2014, compared to net income attributable to the Company
of $1.46 million on $10.01 million of net product sales for the
year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $16.7 million in total
assets, $1.85 million in total liabilities, all current, and $14.8
million in total equity.


MOLYCORP INC: Defers Payment of $3.4 Million Notes Interest
-----------------------------------------------------------
Molycorp, Inc., has elected to take advantage of the 30-day grace
period with respect to the approximately $3.36 million semi-annual
interest payment due June 15, 2015, on its 3.25% Senior Unsecured
Convertible Notes due 2016, as provided for in the indenture
governing the notes.  

This election by the Company will not trigger any cross-default
provisions in other outstanding Company debt prior to the end of
the grace period and should not affect current operations.  As
previously disclosed, the Company has retained financial and legal
advisors to assist the Company in restructuring its debt.  The
Company will use the grace period to continue to evaluate different
options related to such debt restructuring.

                           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.

As of March 31, 2015, the Company had $2.49 billion in total
assets, $1.78 billion in total liabilities and $709 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 2015, Moody's Investor Service downgraded the corporate
family rating of Molycorp, Inc. to Ca from Caa2, the probability of
default rating to Ca-PD from Caa2-PD and the rating on the senior
secured debt to Caa3 from B3.  The downgrade reflects the continued
pressure on the company's credit profile, and a capital structure
that has become untenable.  The ratings also reflect the expected
recovery in the event of bankruptcy.

As reported by the TCR on June 4, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Molycorp
Inc. to 'D' from 'CCC+'.  S&P lowered the ratings on Molycorp Inc.
after the company elected not to pay the $32.5 million interest
payment on its 10% senior secured notes due 2020.


MOUNTAIN PROVINCE: Six Directors Elected at Annual Meeting
----------------------------------------------------------
Mountain Province Diamonds Inc. announced that at the 2015 annual
general & special meeting of shareholders which was held on June
16, 2015, the shareholders elected Jonathan Comerford,
Patrick Evans, Bruce Dresner, Peeyush Varshney, Carl Verley and
David Whittle as directors.

KPMG LLP were re-appointed as auditor of the Company at
remuneration to be fixed by the directors.  The Company's Stock
Option Plan was re-approved by a majority of shareholders,
excluding insiders eligible to receive stock options.

At the Annual Meeting a majority of disinterested shareholders,
excluding Mr. Dermot Desmond and his associates and affiliates,
approved the issuance of 712,500 common shares of the Company to
Mr. Desmond, the Company's largest shareholder.  The shares are in
lieu of $2,850,000 cash, in settlement of the standby fee payable
to Mr. Desmond pursuant to the Standby Guarantee Agreement dated
Feb. 17, 2015.

Pursuant to the Standby Guarantee Agreement, Mr. Desmond undertook
to fully subscribe for those rights not otherwise subscribed for
under the rights offering conducted by the Company in February and
March of this year.  As compensation the Company agreed to pay to
Mr. Desmond a fee equal to 3.0% of the aggregate subscription price
for the 23,761,783 common shares to be issued under the Offering.
Mr. Desmond and the Company have agreed that the Standby Fee will
be payable in common shares of the Company at the Offering price of
$4.00 per share, subject to TSX and disinterested shareholder
approval.

The Standby Fee share issuance is a "related party transaction"
under Multilateral Instrument 61-101 - Protection of Minority
Security Holders in Special Transactions, a multilateral instrument
of the Canadian Securities Administrators intended to regulate
certain transactions to ensure the protection and fair treatment of
minority security holders.  Mr. Desmond is an insider and a
"related party" to the Company by virtue of owning more than 10% of
the issued and outstanding voting common shares of the Company.
The share issuance is exempt from the from the formal valuation
requirement of MI 61-101 as the fair market value of the Standby
Fee shares does not exceed 25% of the Company's market
capitalization.

The Company expects to issue a material change report including
details of the related party transaction less than 21 days before
issuance of the Standby Fee shares so the share issuance can be
included in the Company's financial statements for the current
fiscal quarter ending June 30, 2015.

                  About Mountain Province Diamonds

Headquartered in Toronto, Canada, Mountain Province Diamonds Inc.
(TSX: MPV, NYSE AMEX: MDM) -- http://www.mountainprovince.com/--
is a Canadian resource company in the process of permitting and
developing a diamond deposit known as the "Gahcho Kue Project"
located in the Northwest Territories of Canada.  The Company's
primary asset is its 49 percent interest in the Gahcho Kue
Project.

Mountain Province incurred a net loss of C$4.39 million in 2014,  a
net loss of C$26.6 million in 2013 and a net loss of C$3.33 million
in 2012.  As of Dec. 31, 2014, Mountain Province had C$301 million
in total assets, C$46.08 million in total liabilities and C$255
million in total shareholders' equity.

KPMG LLP, Toronto, Canada, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2014, citing that the Company's ability to continue
operations is dependent upon its ability to obtain sufficient
financing to fund its operations and development costs.


NAKED BRAND: Collaborates With NBA Miami HEAT Star Dwyane Wade
--------------------------------------------------------------
Wade Enterprises, LLC, and Naked Brand Group, Inc., announced a
partnership between NBA Miami HEAT star Dwyane Wade and Naked.  The
3-time NBA Champion, 11-time All Star and Olympic Gold Medalist
will spearhead Naked's "Role Models" campaign, join the Company's
advisory board and serve as creative director for a signature
collection of innerwear set to launch in 2016.

"When I first discovered Naked, I immediately loved the brand name
as well as the fit and feel of the underwear," said Dwyane Wade. "I
am very excited to partner with a brand that celebrates
individuality and authenticity.  What you wear underneath is the
foundation for how you look and feel.  Naked is taking innerwear to
the next level and I look forward to helping them build the brand
and the business."

Wade's lifelong passion for basketball, highly accomplished career,
and his growing track record of success in fashion truly embody
Naked's brand philosophy.

"We are so thrilled to be partnering with Dwyane.  He exemplifies
the authentic character and personal success story that is core to
the Naked brand," said Carole Hochman, the chief executive officer,
chief creative officer and chairwoman of Naked.  "I admire his
commitment to style, the success of his other fashion and apparel
partnerships and his intent to identify and partner with the
emerging brands that will be the leaders of tomorrow. Dwyane is a
proven champion on the court, but he also has a passion for style.
The more I have gotten to know him and his strong personal sense of
fashion, the more excited I am to work with him to create
extraordinary products together."

One of Wade's first initiatives with Naked will be to help launch
Naked's "Role Models" campaign during summer 2015.  "Naked is all
about people writing their own story and being free to be e
themselves.  We plan to build awareness and enthusiasm for Naked
and our brand philosophy by sharing and celebrating the stories of
men and women who live inspiring and authentic lives," says Joel
Primus, Founder and President of Naked.  "As a father, athlete and
champion, whose personal motto is 'Make Your Own Way,' Dwyane is a
true role model and the perfect partner for Naked."

As part of this collaboration, Wade will also join Naked's advisory
board, specifically focusing on helping Naked build brand awareness
and achieve business goals.  In this capacity, Wade has agreed to
share his expertise and breadth of experience as it pertains to the
growth of the Company.

In 2016, Naked and Wade will launch a Wade signature collection of
innerwear for men and boys.  In his role as Creative Director for
this product line, Wade will work closely with Carole Hochman and
her design and development team to create a collection with broad
global consumer appeal.  "I am eager to work with Naked to design a
collection that offers standout style and comfort," said Wade.

Wade's collaboration and endorsement agreement with Naked, which
includes license to Dwyane Wade's name, image and other
intellectual property, is multi-year, worldwide and exclusive in
the category of Innerwear (underwear, undershirts, loungewear,
sleepwear and robes).

The initial term of the Agreement will expire on June 15, 2019,
however the term may be extended for up to three years by mutual
agreement of the parties.

                         About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants
under the Naked brand, as well as under the NKD sub-brand for men.
The company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York, New York.

Naked Brand reported a net loss of $21.07 million for the year
ended Jan. 31, 2015, compared to a net loss of $4.23 million for
the year ended Jan. 31, 2014.

As of April 30, 2015, the Company had $1.70 million in total
assets, $1.30 million in total liabilities and $436,000 in total
stockholders' equity.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2015, citing that the Company incurred a net loss of
$21,078,265 for the year ended Jan. 31, 2015, had a capital deficit
of $2,224,180 at Jan. 31, 2015, and the Company expects to incur
further losses in the development of its business.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


NII HOLDINGS: Court Confirms Chapter 11 Plan
--------------------------------------------
Judge Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York on June 19, 2015, issued a findings
of fact, conclusions of law and order confirming the First Amended
Joint Plan of Reorganization proposed by NII Holdings, Inc., et
al., and the Official Committee of Unsecured Creditors.

An overwhelming majority voted to accept the Plan, according to a
declaration filed by Christina Pullo, the senior director of
solicitation at Prime Clerk LLC.  A full-text copy of the
Tabulation Declaration is available at http://is.gd/ybBa1JAs set
forth in the Voting Report Declaration, the following Classes of
Claims voted to accept the Plan:  Classes 3A and 3D (Sale-Leaseback
Guaranty Claims); Classes 4A and 4D (Luxco Note Claims); Classes
5A, 5B and 5C (Capco Note Claims); Class 6E (Transferred Guarantor
Claims); Class 7A (CDB Documents Claims); and Classes 8A, 8B, 8C,
8D and 8E (General Unsecured Claims).

Prior to the Confirmation Hearing, the Debtors revised their Plan
Exhibits, including the list of executory contracts and unexpired
leases, a schedule of which is available at http://is.gd/48ucEDand
the Charter and Bylaws, a full-text copy of which is available at
http://is.gd/58iSaVto incorporate objections raised to the Plan
confirmation.

The objections raised by Tata America International Corporation,
Nextel Communications, Inc., SmartTrust AB, the Oracle America
Inc., and the United States Trustee have been consensually resolved
and are deemed withdrawn.  Any objections or responses to
Confirmation of the Plan and any reservation of rights contained
therein, including the objections raised by the Ad Hoc Group of NII
Capital 2021 Noteholders, Michael S. Etkin as lead plaintiff in a
putative class action, David Waxman, and Harry Sacal, that (a) have
not  been withdrawn, waived or settled prior to the entry of this
Order or (b) are not cured by the relief granted in the Plan
Confirmation Order are overruled in their entirety and on their
merits.

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 adjustments.  The sale transaction was
approved
on March 23, 2015.  The sale was completed April 30, 2015.

As a result of the sale transaction, the Debtors on March 13,
2015,
filed the First Amended Plan, which provides improved recoveries
and recoveries that include cash distributions.

                      About NII Holdings

NII Holdings Inc. 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' shares of common stock, par value $0.001,
are publicly traded under the symbol NIHD on the NASDAQ Global
Select Market.

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 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.

                          *     *     *

NII Holdings Inc., et al., and the Official Committee of Unsecured
Creditors are proposing a reorganization plan that they say provide
a clear path for the Debtors' expeditious emergence from Chapter 11
in a manner that preserves the going concern viability of the NII
Holdings' non-debtor affiliates, avoids the costly, protracted
litigation of a morass of claims and maximizes value for all
stakeholders.

On Jan. 26, 2015, the Debtors reached an 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 adjustments.  The sale transaction was approved
on March 23, 2015.  The sale was completed April 30, 2015.

As a result of the sale transaction, the Debtors on March 13, 2015,
filed the First Amended Plan, which provides improved recoveries
and recoveries that include cash distributions.  The Amended Plan
is co-sponsored by the Creditors Committee.


NII HOLDINGS: Wins Court Okay for Chapter 11 Plan
-------------------------------------------------
NII Holdings Inc.'s lawyer, Scott Greenberg, Esq., said that the
Hon. Shelley Chapman of the U.S. Bankruptcy Court for the Southern
District of New York approved on Thursday the Company's contested
$4.35 billion turnaround plan, Nick Brown at Reuters reports.

Reuters relates that the plan, which will cede control to Aurelius
Capital Management and other holders of $4.35 billion in bonds, is
based on a series of settlements of complex legal disputes over the
validity of inter-company transfers.  According to the report, most
creditors supported the deal, but a bondholder subset known as the
CapCo group asked the Bankruptcy Court to reject the deal, calling
it a sweetheart deal for Aurelius Capital that decreased CapCo's
payout by $150 million or more than a third of its total recovery.

                      About NII Holdings

NII Holdings Inc. 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' shares of common stock, par value $0.001,
are publicly traded under the symbol NIHD on the NASDAQ Global
Select Market.

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 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.

                          *     *     *

NII Holdings Inc., et al., and the Official Committee of Unsecured
Creditors are proposing a reorganization plan that they say
provide a clear path for the Debtors' expeditious emergence from
Chapter 11 in a manner that preserves the going concern viability
of the NII Holdings' non-debtor affiliates, avoids the costly,
protracted litigation of a morass of claims and maximizes value for
all stakeholders.

On Jan. 26, 2015, the Debtors reached an 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 adjustments.  The sale transaction was
approved on March 23, 2015.  The sale was completed April 30,
2015.

As a result of the sale transaction, the Debtors on March 13,
2015, filed the First Amended Plan, which provides improved
recoveries and recoveries that include cash distributions.  The
Amended Plan is co-sponsored by the Creditors Committee.


NIRVANA INC: Meeting of Creditors Set for July 7
------------------------------------------------
The meeting of creditors of Nirvana Inc. is set to be held on July
7, 2015, at 2:00 p.m., according to a filing with the U.S.
Bankruptcy Court for the Northern District of New York.

The meeting will be held at Alexander Pirnie Federal Building, Room
106, 10 Broad Street, in Utica, 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 Nirvana Inc.

Nirvana Inc. is a manufacturer and bottler of spring water that is
captured from four natural springs on 1,600 acres of property
located in the foothills of the Adirondack Mountains at Forestport,
New York.  Nirvana says its water is exceptionally pure and flows
naturally to the surface at a temperature of 42 degrees
Fahrenheit.

Nirvana is a closely-held New York corporation with a principal
office located at One Nirvana Plaza, Forestport, New York. Nirvana
was formed on June 2, 1995 by Mozafar Rafizadeh and his brother,
Mansur Rafizadeh.

Nirvana, Inc., and three affiliates -- Nirvana Transport, Inc.,
Nirvana Warehousing, Inc. and Millers Wood Development Corp. --
sought Chapter 11 bankruptcy protection (Bankr. N.D.N.Y. Lead Case
No. 15-60823) in Utica, New York, on June 3, 2015.   The cases are
assigned to Judge Diane Davis.

According to the docket, the Debtors' Chapter 11 plan and
disclosure statement are due Oct. 1, 2015.  The deadline for filing
claims by governmental units is Nov. 30, 2015.

The Debtors tapped Bond, Schoeneck & King, PLLC, as general
counsel, and Teitelbaum & Baskin, LLC, as special counsel.


NIRVANA INC: Proposes Oct. 14 Auction of Assets
-----------------------------------------------
Nirvana, Inc., and its affiliated debtors seek authority from the
U.S. Bankruptcy Court for the Northern District of New York to sell
substantially all of their assets through a public auction.

The Debtors' assets include, but is not limited to, water bottling
facility.  The Debtors said the Assets have an estimated aggregate
value of approximately $20,000,000.

The Debtors propose that interested parties must submit their bids
on or before October 9, 2015.  If one or more Qualified Bids are
timely received by the Debtors, an Auction will be held on October
14, 2015 at 10:00 a.m. at the offices of Bond, Schoeneck & King,
PLLC, in New.  The Debtors request that the Court schedule the
hearing to consider approval of the sale for October 20, 2015.

Camille W. Hill, Esq., at Bond, Shoeneck & King, PLLC, in Syracuse,
New York, tells the Court that the Debtors have determined that it
is in the best interests of their estates, their creditors, their
employees and other parties-in-interest to sell the Assets.  Ms.
Hill aserts that the Debtors' management believes that the approval
of the sale is critical to preserving their value for the benefit
of all creditors and employees, and it is necessary to provide
Nirvana's customers assurance that their contracts will be honored.
She further tells the Court that the proposed Asset Sale will be
subject to highest and best offer and the approval of the Court,
and will include the assumption and assignment of executory
contracts and unexpired leases to the Successful Bidder.

The Hearing to Approve Bid Procedures is scheduled on July 7, 2015
at 11:30 a.m.  The deadline for the submission of objections is set
on June 30.

The Debtors are represented by:

          Stephen A. Donato, Esq.
          Camille W. Hill, Esq.
          BOND, SCHOENECK & KING, PLLC
          One Lincoln Center
          Syracuse, NY 13202
          Telephone: (315)218-8000
          Facsimile: (315)218-8100
          Email: sdonato@bsk.com
                 chill@bsk.com

             -- and --

          Jay Teitelbaum, Esq.
          TEITELBAUM & BASKIN, LLC
          1 Barker Avenue, Third Floor
          White Plains, NY 10606
          Telephone: (914)437-7670
          Facsimile: (914)437-7672

                    About Nirvana Inc.

Nirvana Inc. is a manufacturer and bottler of spring water that
is
captured from four natural springs on 1,600 acres of
property
located in the foothills of the Adirondack Mountains
at
Forestport, New York. Nirvana says its water is exceptionally
pure and flows naturally to the surface at a temperature of 42
degrees
Fahrenheit.



Nirvana is a closely-held New York corporation with a
principal
office located at One Nirvana Plaza, Forestport, New
York. Nirvana
was formed on June 2, 1995 by Mozafar Rafizadeh and
his brother,
Mansur Rafizadeh.



Nirvana, Inc., and three affiliates -- Nirvana Transport,
Inc.,
Nirvana Warehousing, Inc. and Millers Wood Development
Corp. --
sought Chapter 11 bankruptcy protection (Bankr. N.D.N.Y.
Lead Case
No. 15-60823) in Utica, New York, on June 3, 2015. The
cases are
assigned to Judge Diane Davis.



According to the docket, the Debtors' Chapter 11 plan
and
disclosure statement are due Oct. 1, 2015. The deadline
for
filing claims by governmental units is Nov. 30, 2015.



The Debtors tapped Bond, Schoeneck & King, PLLC, as
general
counsel, and Teitelbaum & Baskin, LLC, as special
counsel.


NJ HEALTHCARE: Creditors' Panel Hires Greenbaum Rowe as Counsel
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of NJ Healthcare
Facilities Management LLC seeks authorization from the U.S.
Bankruptcy Court for the District of New Jersey to retain
Greenbaum, Rowe, Smith & Davis LLP as counsel to the Committee.

The Committee requires Greenbaum Rowe to:

   (a) provide legal advice as necessary with respect to the
       Committee's powers and duties as an official committee
       appointed under section 1102 of the Bankruptcy Code, and
       such other legal services as may be required;

   (b) prepare on behalf of the Committee all necessary pleadings
       to be filed in this matter; and

   (c) appear before the bankruptcy court to represent and protect

       the interests of the unsecured creditors.

Greenbaum Rowe will be paid at these hourly rates:

       David L. Bruck, Partner            $450
       Darren C. Barreiro, Partner        $410
       Maja Obradovic, Counsel            $365
       Jemi G. Lucey, Associate           $360
       Paralegals                         $125-$165

Greenbaum Rowe 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.

Greenbaum Rowe can be reached at:

       David L. Bruck, Esq.
       GREENBAUM, ROWE, SMITH & DAVIS LLP
       Metro Corporate Campus One
       P.O. Box 5600
       Woodbridge, NJ 07095
       Tel: (732) 549-5600

                       About NJ Healthcare

NJ Healthcare Facilities Management LLC, doing business as
Advanced Care Center at Lakeview, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-14871) in Newark, New Jersey, on March
19, 2015.

The Debtor estimated $10 million to $50 million in assets and debt.
The official schedules of assets and liabilities, as well as the
statement of financial affairs, are due April 2, 215.

According to the docket, the Debtor's exclusive right to file a
plan expires on July 17, 2015.

The case is assigned to Judge Vincent F. Papalia.  The Debtor has
tapped Anthony Sodono, III, Esq., at Trenk, DiPasquale, Della Fera
& Sodono, in West Orange, New Jersey, as counsel.


ORCKIT COMMUNICATIONS: Files Notice of Extraordinary Meeting
------------------------------------------------------------
Orckit Communications Ltd. filed the following documents with the
Securities and Exchange Commission in connection with its
extraordinary general meeting of shareholders:

  (a) Notice of Extraordinary General Meeting of Shareholders

      http://is.gd/l4J1k4

  (b) Proxy Card for Extraordinary General Meeting of  
      Shareholders

      http://is.gd/7UB8lf

The Meeting has been set for June 28, 2015, at 4:00 p.m. (Israel
time), at the offices of the temporary liquidator of the Company,
Adv. Lior Dagan, 1 Azrielli Center (Round Building, 35th Floor),
Tel Aviv, Israel.  The purpose of the meeting is to approve a
proposed arrangement under Section 350 of the Israeli Companies Law
among the Company and its creditors.

Shareholders of record at the close of business on June 17, 2015,
are entitled to notice of, and to vote at, the Meeting.  All
shareholders are cordially invited to attend the Meeting in
person.

On June 29, 2014, at the request of creditors of the Company, the
District Court of Tel Aviv issued an order of Temporary Liquidation
in respect of the Company.  The Court appointed Adv. Lior Dagan as
the temporary liquidator of the Company.  The temporary liquidator
has taken steps, among other things, to generate revenues from the
telecommunications products and services of the Company's
wholly-owned subsidiary, Orckit-Corrigent Ltd., to collect accounts
receivable and to sell assets of the Company, in an effort to
maximize the repayment of the Company's obligations to its
creditors.

Aggregate debt claims in excess of NIS 125 million have been filed
with the Temporary Liquidator by creditors of the Company.  Based
on the Temporary Liquidator's current estimates, the sources of
funds at the disposal of the Company and the Subsidiary may not be
sufficient to repay the creditors in full.  Since creditors have
priority over shareholders, there can be no expectation by current
shareholders of the Company to receive distributions in respect of
their shares.

The Arrangement provides for the transfer of all the assets, rights
and liabilities of the Company to an entity or account under the
control of the Temporary Liquidator, including all of the Company's
rights in the patents, patent applications and related intellectual
property, agreements of all types, cash and/or revenues and/or
accounts receivables and/or any other rights owned by the Company
prior to the closing of the Arrangment; any and all existing and/or
future legal rights and claims against officers and/or directors of
the Company and/or its subsidiaries, shareholders and/or other
third parties (including insurance companies) and pending and
threatened lawsuits, either as plaintiff, defendant or third party,
to the extent the grounds of which arose prior to the closing of
the Arrangement; and the shares in the Subsidiary, and some of the
accumulated losses of the Company (up to NIS 150 million or
approximately $39 million).  All liens on any assets of the Company
that are registered with the Israeli authorities will be canceled.

In addition, all outstanding options, warrants and notes of the
Company will be canceled, but the Temporary Liquidator will
maintain a list of note holders for the purpose of distributing
funds to the creditors of the Company.  All claims and lawsuits
against the Company itself based on grounds arising prior to the
approval of the Arrangement will be converted solely into creditor
claims under the terms of the Arrangement.  Those claims and
lawsuits will have no force in respect of the Company after the
approval of the Arrangement.

                  About Orckit Communications Ltd.
                    (in temporary liquidation)

Orckit facilitates the delivery by telecommunication providers of
high capacity broadband residential, business and mobile services
over wireline or wireless networks with its Orckit-Corrigent family
of products.  Orckit was founded in 1990 and became publicly traded
in 1996.  Orckit's shares are traded on the OTCQB and the Tel Aviv
Stock Exchange and is headquartered in Tel-Aviv, Israel.

Kesselman & Kesselman, in Tel Aviv, Israel, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has a capital deficiency, recurring losses,
negative cash flows from operating activities and has significant
future commitments to repay its convertible subordinated notes.
These facts raise substantial doubt as to the Company's ability to
continue as a going concern.

Orckit reported a net loss of $5.9 million in 2013, a net loss of
$4.5 million in 2012 and a net loss of $17.5 million in 2011.
As of Dec. 31, 2013, the Company had $7.51 million in total
assets, $21.54 million in total liabilities and a $14.03 million
total capital deficiency.


PACIFIC COAL: Provides Update on Cease Trade Order
--------------------------------------------------
Pacific Coal Resources Ltd. on June 16 provided an update on cease
trade order issued in respect of a default in filing its annual
financial statements, management's discussion and analysis, and
certifications for the period ending December 31, 2014 which were
due to be filed on April 30, 2015 as required under National
Instrument 51-102 Continuous Disclosure Obligations.  In connection
with the Company's inability to file the Annual Financial
Statements on time, the Canadian securities regulators have issued
a management cease trade order (which restrains trading in the
Company's securities by certain Company insiders) as opposed to an
issuer cease trade order (which restricts all trading in the
Company's securities).  The Company filed the Annual Financial
Statements on June 15, 2015.

Further, the Company continues to be in default in filing its
interim financial statements, management's discussions and analysis
and certifications for the three-month period ending March 31, 2015
which were due to be filed on June 1, 2015 as a result of the
Annual Financial Statements not having been filed.

The Company continues to be under a management cease trade order as
a result of the default in filing the Q1 2015 Financial Statements.
It is anticipated that the Company will file its Q1 2015 Financial
Statements on or about June 30, 2015, during which time the Company
will continue to provide bi-weekly default status reports in
accordance with Section 4.4. of National Policy
12-203 – Cease Trade Orders for Continuous Disclosure Defaults.

                About Pacific Coal Resources Ltd.

Pacific Coal Resources Ltd. is a Canadian-based mining company
engaged in the acquisition, exploration and production of coal and
coal-related assets from properties located in Colombia.  The
Company's common shares are listed on the TSX Venture Exchange and
trade under the symbol "PAK".


PARKVIEW ADVENTIST: Hospital Enters Ch. 11, to Sell to Mid Coast
----------------------------------------------------------------
Parkview Adventist Medical Center, operator of a hospital located
in Brunswick, Maine, sought bankruptcy protection and commenced
proceedings to change health care services providers as part of its
ultimate goal of merging into Mid Coast Hospital, a nonprofit
hospital also located in Brunswick, Maine.

Before seeking bankruptcy protection, the Debtor provided emergency
services, inpatient services, and a variety of outpatient,
ambulatory clinics and other medical services to the Maine,
community.  The Debtor provided certain of these services through,
among other things, contracts with Central Maine Medical Center
("CMMC") and Central Maine Healthcare Corporation ("CMHC"):

  (a) an Emergency Medicine Management Agreement by and between
the Debtor and CMMC dated December 5, 2003 (the "ED Agreement"),
pursuant to which CMMC provided management and professional
physician services necessary to adequately staff and operate the
Debtor's emergency department;

  (b) an Administrative Support and Service Agreement by and
between the Debtor and CMHC dated April 14, 2009 (the "CMHC ASA"),
pursuant to which CMHC was to provide third party support and third
party administrative services and expertise; and,

  (c) a certain Fiscal and Billing Services Management Agreement by
and between the Debtor and CMHC dated May 1, 2015 (the "Billing
Agreement"), pursuant to which CMHC provides certain fiscal,
billing and administrative support services.

The Debtor has experienced significant and long-term financial
challenges that require the Debtor to change its operations in
order to continue to fulfill its mission of providing quality
health care services in a faith based, mission driven environment.
In particular, for both economic and clinical reasons, the
Debtor is unable to continue operating under certain of the current
contracts with CMMC and CMHC, and it has therefore, determined that
these contracts must be rejected and terminated. In their place,
and working in collaboration with Mid Coast Hospital, a nonprofit
hospital also located in Brunswick, Maine ("Mid Coast"), the Debtor
has developed a multi-phase plan which redefines its health care
delivery services from both a financial and a clinical
perspective.

The first phase of this plan involves an immediate transition of
emergency department services from personnel provided by
CMMC to Bluewater Emergency Partners of Brunswick, LLC
("Bluewater"), the transfer of current inpatients to other
hospitals, and the continuation of high quality out-patient and
other ancillary services for which the Debtor is well-known.  

The second phase contemplates a sale of the Debtor's Hospital
facility in Brunswick to Mid Coast with that facility being
continuously operated as a division of Mid Coast, devoted to
providing out-patient services including physician practices, a
walk-in clinics, diagnostic services including, but not limited to,
radiology and lab services, rehabilitative services including, but
not limited to, physical and occupational therapy, ambulatory
surgery, an oncology and hematology infusion center and a wellness
center.  

The Debtor believes that termination of the current relationship
with CMMC and CMHC, and the collaboration with Bluewater and Mid
Coast, is a sound exercise of the Debtor's business judgment for a
number of reasons, and will improve the quality of health care
services delivered to the Greater Brunswick community.

                    Rejection of CMMC Contracts

Since the entry of the ED Agreement and the CMHC ASA ("Rejected
CMMC Contracts"), the Debtor entered into the foregoing contracts,
the Debtor's inpatient and emergency department census has steadily
declined.  Although the reduced demand for inpatient and emergency
department services reflects national trends, the decline in
inpatient and emergency department services has had a profound
effect on the Debtor's financial stability.  In addition to
experiencing a reduced demand for inpatient services, the Debtor
and other health care providers have experienced an increase in
health care costs, including the rising costs associated with
delivering state of the art diagnostic and medical services, which
have made it challenging, at best, for the Debtor to continue to
offer services which are duplicative of those offered by Mid
Coast.

The Debtor has developed a multi-phase transition plan to redefine
its health care delivery services, in a manner consistent with its
mission (the "Transition Plan").

The first phase of the Transition Plan, which will take place
during the very first days of the Case, calls for the following:

  (a) an immediate transition of emergency department services from
services rendered by CMMC under the Rejected CMMC Contracts to
services rendered by Bluewater,

  (b) an immediate transfer of inpatient services to other
hospitals selected by patients, and

  (c) continuing outpatient and other ancillary services in
accordance with the Hospital's usual and ordinary practices.

The second phase of the Transition Plan contemplates a transfer of
certain of the Debtor's health care delivery assets to Mid Coast,
through a plan of reorganization to be filed forthwith by the
Debtor (the "Plan").  Following confirmation of the Plan and
the transfer of assets to Mid Coast pursuant to the Plan, the
current campus of the Debtor will be operated by Mid Coast as an
out-patient clinic, providing ambulatory services including
physician practices, a walk-in clinic, diagnostic services
including, but not limited to radiology and lab services,
rehabilitative services including, but not limited to, physical and
occupational therapy, ambulatory surgery, oncology and hematology
infusion center and a wellness center.

In order to implement the first phase of the Transition Plan, the
Debtor, through a motion, seeks authority to, (a) enter into that
certain Agreement for Professional and Administrative Services with
Bluewater Emergency Partners of Brunswick, LLC dated June 15, 2015
(the "Bluewater Agreement"), effective as of 6:00 p.m. on Tuesday,
June 16, 2015 (the "Transition Date") and (b) to reject the
Rejected CMMC Contracts, effective as of the Transition Date.

The Debtor anticipates that CMMC and CMHC will object to the
Transition Plan and offer to take over the Debtor's operations. The
Debtor has considered this approach and has rejected it because,
among other things, integration of the Debtor's services into CMMC
depletes the health care resources available to the Debtor's
existing patients, and to the greater Brunswick community in
general, and therefore does not adequately serve the Debtor's
mission.  In addition, based on the Debtor's seven-year history of
trying to coordinate with CMMC and CMHC, the Debtor does not
believe such a takeover would (a) be approved by the necessary
regulatory authorities, or (b) be successful.

Judge Peter G. Cary following an emergency hearing on June 16,
2015, entered an order authorizing the Debtor to enter into the
Bluewater Agreement as of the Transition Date.

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

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

                      Other First Day Motions

The Debtor on the Petition Date also filed motions to:

  -- pay prepetition payroll of employees;
  -- maintain its existing bank accounts;
  -- extend the time to file schedules; and
  -- use cash collateral.

                     About Parkview Adventist

Parkview Adventist Medical Center, a Maine non-profit corporation,
operates the Parkview Hospital, a faith-based acute care community
hospital located in Brunswick, Maine, affiliated with the Seventh
Day Adventist Church.  Its mission is to provide services
supporting the physical, emotional and spiritual wellness of its
patients.

Parkview sought Chapter 11 protection (Bankr. D. Maine Case No.
15-20442) in Portland, Maine, on June 16, 2015.  The case is
assigned to Judge Peter G Cary.

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

According to the docket, the appointment of a health care ombudsman
is due by July 16, 2015.  The deadline for filing claims is Oct. 7,
2015.  The Debtor's plan and disclosure statement are due Oct. 14,
2015.

The meeting of creditors under 11 U.S.C. Sec. 341(a) is slated for
July 9, 2015 at 1:00 p.m.

The Debtor is represented by George J. Marcus, Esq., at Marcus,
Clegg & Mistretta, PA, in Portland, Maine.


PARKVIEW ADVENTIST: Section 341 Meeting Set for July 9
------------------------------------------------------
A meeting of creditors in the bankruptcy case of Parkview Adventist
Medical Center will be held on July 9, 2015, at 1:00 p.m. at U.S.
Trustee's Suite 300, Portland.

Governmental units have 180 days from date of filing of the case or
the date of conversion to file a proof of claim.  Proofs of Claim
for all other creditors are due by Oct. 7, 2015.

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

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

Parkview Adventist Medical Center filed a Chapter 11 bankruptcy
petition (Bankr. D. Maine Case No. 15-20442) on June 16, 2015.
The petition was signed by Randee R. Reynolds as president.  The
Debtor estimated assets and liabilities of $10 million to $50
million.

George J. Marcus, Esq., at Marcus, Clegg & Mistretta, PA, serves as
the Debtor's counsel.  Judge Peter G. Cary presides over the case.


PARKVIEW ADVENTIST: Seeks to Use Mid Coast Loan, Cash Collateral
----------------------------------------------------------------
Parkview Adventist Medical Center asks the U.S. Bankruptcy Court
for the District of Maine for approval to obtain credit from Mid
Coast Hospital and use cash collateral.

The Debtor has determined that the satisfaction of its mission and
in order to best serve patients in the Brunswick and surrounding
communities, operations of its hospital should be transitioned and
ultimately, combined with operations of Mid Coast Hospital.  The
parties anticipate the execution of an assets purchase agreement in
short order.  The Mid Coast Agreement contemplates continued
operations at the Hospital as well as a substantial investment in
the Hospital campus, and allows for continuation of the Debtor's
spiritual and wellness mission.

George J. Marcus, Esq., at Marcus, Clegg & Mistretta, P.A., relates
that in order for the Debtor to continue in operations during its
transition and pending its combination with Mid Coast, which is a
condition to the Mid Coast Agreement, and thereby to fulfill its
health care mission and maximize the value of its assets and
business for the benefit of secured, priority, and unsecured
creditors, as well as the community, the Debtor needs to assure
sufficient working capital to meet payroll for medical and
administrative staff, purchase medical supplies and other necessary
goods, maintain the Hospital facility in good working order, and
generally to meet its ordinary and necessary business expenses
arising after the Petition Date.

                          Cash Collateral

During the period from the Petition Date through Oct. 31, 2015 --
(the "Relevant Period"), the Debtor, in the ordinary course of its
business, will receive cash revenues from its payor sources,
including Medicare, MaineCare, insurance payments and private
payors, provide necessary health care services to its patients, and
pay its operating expenses.  All of such expenditures are
reasonable and necessary in order to continue the provision of
appropriate health care services to the patients of the Hospital.

In order for the Debtor to meet its obligations during the Relevant
Period, the Debtor needs to have the benefit of all of its cash,
receivables, and inventory, and the proceeds thereof, all of which
may constitute cash collateral, pursuant to 11 U.S.C. Sec.
363(c)(2)(B).

As such, the Debtor first seeks interim authority to utilize what
may be determined by the Court to be Cash Collateral during the
period from the Petition Date through June 30, 2015.  Second, to
the extent that the Court determines that any of the Debtor's
assets are in fact Cash Collateral, the Debtor seeks continuing
authority to use such Cash Collateral through the balance of the
Relevant Period.

These entities -- so-called "Prepetition Lienors" -- may claim a
security interest in the Debtor's Cash Collateral:

  * TD Bank N.A. ("TD");

  * Central Maine Healthcare Corporation ("CMHC"); and

  * Maine Health and Higher Educational Facilities Authority
("MHEFA").

The Debtor has not conceded the validity, priority or
enforceability of the secured claims of the Prepetition Lienors.
The Debtor disputes the validity, perfection, and enforceability of
the secured claims of the foregoing Prepetition Lienors on the
following grounds, among others: (i) all amounts owed to TD on
account of its purported lien in Cash Collateral have been paid in
full and, as such, there being no outstanding indebtedness to TD,
and none proposed to be incurred, TD has no lien or security
interest in any cash or cash equivalents of the Debtor; (ii)
neither CMHC nor MHEFA have enforceable security interests in the
Debtor's Cash Collateral (or in other assets) because the
underlying transactions in which security interests and liens were
purported to have been granted were not properly authorized under
Maine law.

                     Financing from Mid Coast

Subject to Court approval, Mid Coast has agreed to provide
postpetition financing to the Debtor on these terms:

   * Mid Coast will provide the Debtor with a revolving line of
credit in the amount of $2 million (the "Mid Coast LOC").

   * Interest will accrue on balances outstanding on the Mid Coast
LOC at the rate of prime + 1% per annum.

   * In exchange for the Mid Coast LOC, Mid Coast shall be granted
a security interest in the all of the Debtor's assets, superior to
any and all other security interests in the same, including those
of the Prepetition Lienors except (a) MHEFA; and (b) all holders of
first priority purchase money security interests in specific
tangible personal property pursuant to 11 U.S.C. Sec. 364(d).

   * The amounts owed on the Mid Coast LOC, up to $1,500,000, will
be deemed part of the purchase price upon the closing of the sale
contemplated by the Mid Coast Agreement, meaning that the Debtor's
estate will be released from all liability for amounts due under
the Mid Coast LOC, up to $1,500,000, at the closing.

   * Should that sale not close, then the Mid Coast LOC shall be
repaid by the Debtor on the earlier to occur of confirmation of a
Plan of reorganization or the maturity date as set forth in the
loan documents.

   * The Postpetition Financing shall remain in place for the
Relevant Period and for such additional time periods as may be
agreed upon by the Debtor and Mid Coast.

Mr. Marcus avers that use by the Debtor of its Cash Collateral
together with the proceeds of the postpetition financing will
enable the Debtor to meet its payroll for medical and
administrative staff, pay for necessary medical and other supplies,
and pay its ordinary and necessary operating expenses, all toward
the end that the Debtor will be able to continue in operation,
continue providing services to its patients and the community, and
thereby preserve and enhance the going concern value of its
Hospital for the benefit of all creditors of the estate and the
community which it serves.

                     About Parkview Adventist

Parkview Adventist Medical Center, a Maine non-profit corporation,
operates the Parkview Hospital, a faith-based acute care community
hospital located in Brunswick, Maine, affiliated with the Seventh
Day Adventist Church.  Its mission is to provide services
supporting the physical, emotional and spiritual wellness of its
patients.

Parkview sought Chapter 11 protection (Bankr. D. Maine Case No.
15-20442) in Portland, Maine, on June 16, 2015.  The case is
assigned to Judge Peter G Cary.

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

According to the docket, the appointment of a health care ombudsman
is due by July 16, 2015.  The deadline for filing claims is Oct. 7,
2015.  The Debtor's plan and disclosure statement are due Oct. 14,
2015.

The meeting of creditors under 11 U.S.C. Sec. 341(a) is slated for
July 9, 2015 at 1:00 p.m.

The Debtor is represented by George J. Marcus, Esq., at Marcus,
Clegg & Mistretta, PA, in Portland, Maine.


PARKVIEW ADVENTIST: Wants Until July 31 to File Schedules
---------------------------------------------------------
Parkview Adventist Medical Center asks the U.S. Bankruptcy Court
for the District of Maine to enter an order extending the time by
which it must file its schedules of assets and liabilities and
statement of financial affairs by 31 days through and including
July 31, 2015.

George J. Marcus, Esq., at Marcus, Clegg & Mistretta, P.A.,
explains that the Debtor and its professionals have spent, and
continue to spend, a substantial amount of time to ensure that the
Debtor has a smooth transition into Chapter 11, with minimal
disruptions to its business and patient care and services.  That
task requires working with the Debtor's suppliers and various other
parties-in-interest in order to stabilize business operations,
especially with respect to the provision of patient services.  As a
result, due to the complexity and diversity of the
transition-related issues in preparing for the Chapter 11 case, the
Debtor anticipates that it will be unable to complete its Schedules
within 14 days of the Petition Date.

                     About Parkview Adventist

Parkview Adventist Medical Center, a Maine non-profit corporation,
operates the Parkview Hospital, a faith-based acute care community
hospital located in Brunswick, Maine, affiliated with the Seventh
Day Adventist Church.  Its mission is to provide services
supporting the physical, emotional and spiritual wellness of its
patients.

Parkview sought Chapter 11 protection (Bankr. D. Maine Case No.
15-20442) in Portland, Maine, on June 16, 2015.  The case is
assigned to Judge Peter G Cary.

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

According to the docket, the appointment of a health care ombudsman
is due by July 16, 2015.  The deadline for filing claims is Oct. 7,
2015.  The Debtor's plan and disclosure statement are due Oct. 14,
2015.

The meeting of creditors under 11 U.S.C. Sec. 341(a) is slated for
July 9, 2015 at 1:00 p.m.

The Debtor is represented by George J. Marcus, Esq., at Marcus,
Clegg & Mistretta, PA, in Portland, Maine.


PETROMAROC CORP: Receives Approval of Debenture Waiver
------------------------------------------------------
PetroMaroc Corporation plc on June 16 disclosed that following
receipt of TSX Venture Exchange approval, it has closed an
unsecured Cdn$400,000 loan transaction, bearing interest at the
rate of 10.0% per annum.  The proceeds of the Loan will assist the
Company to extend the Sidi Moktar exploration license.  In
addition, the Loan will provide additional time towards locating a
business partner to help develop Sidi Moktar, and a more permanent
solution to restructure the Company's debt and share capital, which
may require a shareholders' meeting to approve a restructuring
transaction.

In addition, the Company is pleased to announce that is has
received the TSXV approval of the waiver and amending agreement
with all three holders of the Company's Cdn$9.7 million principal
amount of debentures issued on April 10, 2014.

                       About PetroMaroc

PetroMaroc is an independent oil and gas company focused on its
significant land position in Morocco.  The Company has a 50 percent
operated interest in the Sidi Moktar license area covering 2,683
square kilometers and is working closely with Morocco's National
Office of Hydrocarbons and Mines (ONHYM) as a committed long-term
partner to unlock the hydrocarbon potential of the region.  Morocco
offers a politically stable environment to work within and has
favorable fiscal terms to energy producers. PetroMaroc is a public
company listed on the TSX Venture Exchange under the symbol "PMA".


PETROMAROC CORP: TSXV Approves Waiver & Amending Agreement
----------------------------------------------------------
PetroMaroc Corporation plc on June 16 disclosed that following
receipt of TSX Venture Exchange approval, it has closed an
unsecured Cdn$400,000 loan transaction, bearing interest at the
rate of 10.0% per annum.  The proceeds of the Loan will assist the
Company to extend the Sidi Moktar exploration license.  In
addition, the Loan will provide additional time towards locating a
business partner to help develop Sidi Moktar, and a more permanent
solution to restructure the Company's debt and share capital, which
may require a shareholders' meeting to approve a restructuring
transaction.

In addition, the Company disclosed that is has received the TSXV
approval of the waiver and amending agreement with all three
holders of the Company's Cdn$9.7 million principal amount of
debentures issued on April 10, 2014.

                        About PetroMaroc

PetroMaroc is an independent oil and gas company focused on its
significant land position in Morocco.  The Company has a 50 percent
operated interest in the Sidi Moktar licence area covering 2,683
square kilometers and is working closely with Morocco's National
Office of Hydrocarbons and Mines (ONHYM) as a committed long-term
partner to unlock the hydrocarbon potential of the region.  Morocco
offers a politically stable environment to work within and has
favorable fiscal terms to energy producers. PetroMaroc is a public
company listed on the TSX Venture Exchange under the symbol "PMA".


PUTNAM AT DEPTFORD: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Putnam at Deptford, LLC
        Trenton
        77 Austin Road
        Mahopac, NY 10541

Case No.: 15-21481

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 18, 2015

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

Debtor's Counsel: Bruce J. Duke, Esq.
                  BRUCE J. DUKE, LLC
                  4201 Grenwich Lane
                  Mt. Laurel, NJ 08054
                  Tel: (856) 701-0555
                  Fax: (856) 282-1079
                  Email: bruceduke@comcast.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard Annunziata, managing member.

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


QUICKSILVER RESOURCES: Canada Awards Retention Cash Bonus to SVP
----------------------------------------------------------------
Quicksilver Canada on June 15, 2015, awarded a retention cash bonus
in an amount of $81,149 (converted to U.S. dollars using an
exchange rate of 1.2323 Canadian dollars per 1 U.S. dollar) to
David Rushford, Senior Vice President - Chief Operating Officer of
Quicksilver Canada. The award is subject to clawback if Mr.
Rushford ceases to be an employee of Quicksilver Canada prior to
February 27, 2016, unless (a) there has been a Change in Control
(as defined in the Company's Amended and Restated Change in Control
Retention Incentive Plan as of the date hereof) on or prior to the
date of his termination of employment; or (b) his employment is
terminated (i) by Quicksilver Canada without cause, subject to his
execution and non-revocation of a release agreement satisfactory to
Quicksilver Canada or (ii) due to disability or death.

A copy of the letter to J. David Rushford dated June 8, 2015, is
available at http://is.gd/nP8pNQ

                            About Quicksilver

Quicksilver Resources Inc. (OTCMKTS: KWKAQ) 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 Chapter 11 petitions (Bankr. D. Del. Lead Case No.
15-10585) in Delaware 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: Canada Unit Wins 2nd Forbearance Thru Sept
-----------------------------------------------------------------
Quicksilver Resources Canada Inc., a wholly owned subsidiary of
Quicksilver Resources Inc., on June 15, 2015, entered into a Second
Waiver and Forbearance Agreement with JPMorgan Chase Bank, N.A., as
global administrative agent, JPMorgan Chase Bank, N.A., Toronto
Branch, as Canadian administrative agent and the lenders party
thereto relating to an Amended and Restated Credit Agreement dated
as of December 22, 2011 by and among the Company, as parent,
Quicksilver Canada, as borrower, the Canadian Administrative Agent,
and the lenders parties thereto.

Under the Second Forbearance Agreement, the Administrative Agents
and the requisite lenders agreed to, among other things, continue
to forbear from exercising all of their rights and remedies in
connection with specified defaults under the Canadian Credit
Agreement related to the chapter 11 filings of the Company and
certain of its subsidiaries until the earlier of:

     (i) September 16, 2015,

    (ii) the commencement against Quicksilver Canada or certain
specified Canadian subsidiary guarantors --- Non-Filers -- of any
litigation in which the amounts involved, individually or in the
aggregate, equal or exceed $5,000,000, that could reasonably be
expected to have a material adverse effect on the validity or
enforceability of the Canadian loan documents, the rights and
remedies of the Canadian Administrative Agent and the Canadian
secured parties under the Canadian loan documents and applicable
law, or the business, operations, property or financial condition
of the Non-Filers, taken as a whole,

   (iii) the acceleration of, or any other exercise of any rights
or remedies in respect of, any other indebtedness of any Non-Filer
the outstanding principal amount of which exceeds, individually or
in the aggregate for such Non-Filer, $5,000,000,

    (iv) any Non-Filer taking any action to challenge the validity
or enforceability of the Second Forbearance Agreement or any other
Canadian loan document or any provision of the Second Forbearance
Agreement or such documents,

     (v) the commencement by any Non-Filer of proceedings under
bankruptcy, insolvency, receivership, restructuring or similar
law,

    (vi) the occurrence of any termination event under the cash
collateral order of the United States Bankruptcy Court for the
District of Delaware,

   (vii) a breach of Quicksilver Canada's obligations to cooperate
in the granting of fixed liens on its property under the Canadian
Credit Agreement,

  (viii) any failure by Quicksilver Canada to pay interest on the
loans under the Canadian Credit Agreement at the applicable rate,
and

    (ix) any failure by the Company to pay interest on the loans
under the Amended and Restated Credit Agreement, dated as of
December 22, 2011 by and among the Company, as borrower, the
guarantors party thereto, the Global Administrative Agent and the
lenders parties thereto, at the applicable rate in accordance with
the terms of the cash collateral order and the Waiver and
Forbearance Agreement, dated March 16, 2015, by and among the
Company, Quicksilver Canada, the guarantors party thereto, the
Administrative Agents and the lenders party thereto.

The lending consortium under the Second Waiver and Forbearance
Agreement consists of:

     * JPMORGAN CHASE BANK, N.A., as a Lender under the U.S. Credit
Agreement and as Global Administrative Agent;

     * JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, as a Lender and
Issuing Bank under the Canadian Credit Agreement and as Canadian
Administrative Agent

     * BANK OF AMERICA, N.A., as a Lender under the U.S. Credit
Agreement

     * BANK OF AMERICA, N.A., (by its Canada Branch) as a Lender
under the Canadian Credit Agreement

     * CANADIAN IMPERIAL BANK OF COMMERCE, as a Lender under the
Canadian Credit Agreement

     * CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as a
Lender under the U.S. Credit Agreement

     * CITIBANK, N.A., as a Lender under the U.S. Credit Agreement

     * CITIBANK, N.A., CANADIAN BRANCH, as a Lender under the
Canadian Credit Agreement

     * CITIGROUP FINANCIAL PRODUCTS INC., as a Lender under the
U.S. Credit Agreement

     * CITIGROUP FINANCIAL PRODUCTS INC., as a Lender under the
Canadian Credit Agreement

     * CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender
under the U.S. Credit Agreement and the Canadian Credit Agreement

     * CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender under
the U.S. Credit Agreement

     * CREDIT SUISSE AG, TORONTO BRANCH, as a Lender under the
Canadian Credit Agreement

     * DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender under the
U.S. Credit Agreement

     * DEUTSCHE BANK AG CANADA BRANCH, as a Lender under the
Canadian Credit Agreement

     * GOLDMAN SACHS BANK USA, as a Lender under the U.S. Credit
Agreement

     * THE ROYAL BANK OF SCOTLAND plc, as a Lender under the U.S.
Credit Agreement

     * THE ROYAL BANK OF SCOTLAND PLC, CANADA BRANCH, as a Lender
under the Canadian Credit Agreement

     * THE TORONTO-DOMINION BANK, as a Lender under the Canadian
Credit Agreement

     * UBS AG, STAMFORD BRANCH, as a Lender under the U.S. Credit
Agreement

     * UBS AG CANADA BRANCH, as a Lender under the Canadian Credit
Agreement

     * WELLS FARGO BANK, N.A., as a Lender under the U.S. Credit
Agreement

     * WELLS FARGO FINANCIAL CORPORATION CANADA, as a Lender under
the Canadian Credit Agreement

A copy of the Second Forbearance Agreement is available at
http://is.gd/kk7kRm

                            About Quicksilver

Quicksilver Resources Inc. (OTCMKTS: KWKAQ) 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 Chapter 11 petitions (Bankr. D. Del. Lead Case No.
15-10585) in Delaware 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: US Trustee to Continue Meeting on July 7
---------------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of Quicksilver
Resources Inc. will continue the meeting of creditors on July 7,
2015, at 1:00 p.m., according to a filing with the U.S. Bankruptcy
Court for the District of Delaware.

The meeting will be held at J. Caleb Boggs Federal Building, Room
5209, 844 King St., in Wilmington, Delaware.

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

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

                            About 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
the Bankruptcy Code in Delaware.  The Debtors sought 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: Won't File Form 10-Q for May 2 Quarter
-------------------------------------------------------
RadioShack Corporation said in a regulatory filing with the
Securities and Exchange Commission that as a result of the sale or
liquidation of the Company's assets, it does not expect to file its
Quarterly Report on Form 10-Q for the quarterly period ended May 2,
2015.

The Company, which filed for Chapter 11 bankruptcy protection in
February, recounted that on April 1, 2015, it completed the
previously announced sale of 1,743 Company-owned stores and
inventory to General Wireless Inc. and Sprint Solutions, Inc.
pursuant to the Asset Purchase Agreement, dated February 5, 2015,
as amended.  The Section 363 Sale was conducted under the
provisions of Section 363 of the Bankruptcy Code and approved by
the Bankruptcy Court on March 31, 2015 following the completion of
an auction process in which General Wireless and Sprint were
declared the winning bidders.

On March 23, 2015, the Company and certain of its subsidiaries
entered into a Purchase Agreement with Office Depot de Mexico, S.A.
de C.V. for the sale of the Company's Mexican subsidiaries and
certain trademarks and domain names used in the operation of those
businesses.  On April 7, 2015, the Mexico Purchase Agreement and
Mexico Sale were approved by the Bankruptcy Court.  Completion of
the Mexico Sale is subject to customary closing conditions,
including receipt of required regulatory approvals.

On May 15, 2015, the Company and certain of its subsidiaries
entered into a Purchase Agreement with General Wireless Operations
Inc. for the sale of the Company's brand name and customer data.
On June 4, 2015, the IP Purchase Agreement and IP Sale were
approved by the Bankruptcy Court. The Bankruptcy Court order
approving the IP Purchase Agreement and IP Sale was entered
following the completion of an auction process in which General
Wireless Operations was declared the winning bidder.  Completion of
the IP Sale is subject to customary closing conditions.

The Company expects that its remaining assets, which include the
Company's owned real estate and certain other assets, will be
liquidated in the Chapter 11 Cases.

As a result of the sales and other events leading up to the Chapter
11 filings, the Company's employee headcount has been reduced
significantly in recent months.  In addition to managing the
day-to-day operation of the Company's business, the Company's
remaining corporate employees have been tasked with administering
the Chapter 11 Cases, including attending to issues related to the
Section 363 Sale, the Mexico Sale, the IP Sale, the closing of the
Company's remaining stores and the sale of the Company's remaining
assets.  Accordingly, the Company is unable to perform the work
that would be necessary to complete and file its Form 10-Q within
the prescribed time period without unreasonable effort and
expense.

As a result of the sale or liquidation of the Company's assets, the
Company does not expect to file the Form 10-Q.  As a
debtor-in-possession under the Bankruptcy Code, the Company files
monthly operating reports with the Bankruptcy Court.  The Company
cautions that these reports include financial statements that are
limited in scope, cover a limited time period, are prepared solely
for the purpose of complying with requirements applicable in the
Chapter 11 Cases and are in a format acceptable to the U.S. Trustee
and are not prepared in accordance with generally accepted
accounting principles in the United States.  Investors and
potential investors should not to place undue reliance upon the
information contained in the monthly operating reports, which are
not prepared for the purpose of providing the basis for an
investment decision relating to any of the securities of the
Company.

As reported by the Troubled Company Reporter on June 18, 2015,
Salus Capital Partners, LLC, asked the U.S. Bankruptcy Court for
the District of Delaware to covert the Chapter 11 cases of
Radioshack to cases under Chapter 7 of the Bankruptcy Code.  Salus'
motion is scheduled for hearing on June 25, 2015, at 9:30 a.m.

Salus is represented by:

          Anthony W. Clark, Esq.
          Jason M. Liberi, Esq.
          SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
          One Rodney Square P.O. Box 636
          Wilmington, DE 19899-0636
          Telephone: (302) 651-3000
          Email: anthony.clark@skadden.com
                 jason.liberi@skadden.com

             -- and --

          Jay M. Goffman, Esq.
          Mark A. McDermott,Esq.
          Christine A. Okike, Esq.
          SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
          Four Times Square
          New York, NY 10036-6522
          Telephone: (212) 735-3000
          email: jay.goffman@skadden.com
                 mark.mcdermott@skadden.com
                 christine.okike@skadden.com

              About RadioShack Corporation

Headquartered in Fort Worth, Texas, RadioShack (OTCMKTS: RSHCQ) --
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.


RESPONSE BIOMEDICAL: OKs Increase of CEO & CFO's Base Salaries
--------------------------------------------------------------
The Board of Directors of Response Biomedical Corp. approved the
following compensation changes, all of which are effective
retroactive to May 19, 2015:

* An increase in the annual base salary of Dr. Barbara R.
   Kinnaird, CEO of the Company, by $85,000 to $350,000;
  
* An increase in the annual base salary of William J. Adams, CFO
   of the Company, by $60,000 to $325,000;
   
* A decrease in the annual Chairman's stipend of Lewis J.
   Shuster, Chairman of the Board, by $40,000 to $30,000;
   
* Dr. Anthony F. Holler, M.D., the Company's former interim CEO,
   will no longer receive compensation for his services as interim
   CEO but will receive additional Board compensation of $35,000
   annually for the remainder of 2015 in consideration of his
   expected additional work in supporting the CEO transition.

                     About Response Biomedical

Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss and comprehensive loss of
C$5.99 million in 2013, a net loss and comprehensive loss of C$5.28
million in 2012 and a net loss and comprehensive loss of C$5.37
million in 2011.

As of March 31, 2015, the Company had C$13.6 million in total
assets, C$15.48 million in total liabilities and a $1.88 million
total shareholders' deficit.

PricewaterhouseCoopers LLP, in Vancouver, Canada, in its report on
the consolidated financial statements for the year ended Dec. 31,
2014, noted that the company has incurred recurring losses from
operations and has an accumulated deficit at Dec. 31, 2014, whicht
raises substantial doubt about its ability to continue as a going
concern.


RESTORGENEX CORP: Stockholders Elect Five Directors
---------------------------------------------------
The 2015 annual meeting of stockholders of RestorGenex was held on
June 17, 2015, at which the Stockholders:

   (1) elected Sol J. Barer, Ph.D., Isaac Blech, Rex Bright,
       Stephen M. Simes and Nelson K. Stacks as directors;

   (2) ratified the selection of Deloitte & Touche LLP as
       independent registered public accounting firm;

   (3) approved, on an advisory basis, the compensation of the
       Company's executive officers;

   (4) indicated, on an advisory basis, that future votes to
       approve the compensation of executive officers should occur
       every year;

   (5) approved the RestorGenex Corporation 2015 Equity Incentive
       Plan; and

   (6) approved the reincorporation of RestorGenex from the State
       of Nevada to the State of Delaware.

On June 18, 2015, RestorGenex Corporation changed its state of
incorporation from the State of Nevada to the State of Delaware
pursuant to a plan of conversion, dated June 18, 2015.  The
Reincorporation was accomplished by the filing of (i) articles of
conversion with the Secretary of State of the State of Nevada, and
(ii) a certificate of conversion and a certificate of incorporation
with the Secretary of State of the State of Delaware.  Pursuant to
the Plan of Conversion, RestorGenex also adopted new bylaws under
Delaware corporate law.

The Reincorporation was previously submitted to a vote of, and
approved by, RestorGenex's stockholders at its 2015 Annual Meeting
of Stockholders held on June 17, 2015.

Upon the effectiveness of the Reincorporation:

   * the affairs of RestorGenex ceased to be governed by the
     Nevada Revised Statutes, RestorGenex's existing Articles of
     Incorporation and its existing Bylaws, and the affairs of
     RestorGenex became subject to the General Corporation Law of
     the State of Delaware, the Delaware Certificate of
     Incorporation and the Delaware Bylaws;

   * each outstanding share of the Nevada corporation's common
     stock converted into an outstanding share of the Delaware
     corporation's common stock;

   * each outstanding option to acquire shares of the Nevada
     corporation's common stock converted into an equivalent
     option to acquire, upon the same terms and conditions
    (including the vesting schedule and exercise price per share
     applicable to each such option), the same number of shares of

     the Delaware corporation's common stock;

   * each outstanding warrant or other right to acquire shares of
     the Nevada corporation's common stock converted into an
     equivalent warrant or other right to acquire, upon the same
     terms and conditions the same number of shares of the
     Delaware corporation's common stock;

   * each employee benefit, stock option or other similar plan of
     the Nevada corporation continued to be an employee benefit,
     stock option or other similar plan of the Delaware
     corporation; and

   * each director and officer of the Nevada corporation continued

     to hold his or her respective position with the Delaware
     corporation.


RestorGenex effected the Reincorporation because the corporate laws
of the State of Delaware are more comprehensive, widely-used and
extensively interpreted than the corporate laws of other states,
including Nevada.  As a result of the flexibility and
responsiveness of the Delaware corporate laws to the legal and
business needs of corporations, many corporations have incorporated
in Delaware or have changed their corporate domiciles to Delaware
in a manner similar to the Reincorporation.  The Delaware judiciary
has become particularly familiar with corporate law matters and a
substantial body of court decisions has developed construing the
laws of Delaware, thus providing greater clarity and predictability
with respect to RestorGenex's corporate legal and governance
affairs.

The Reincorporation did not affect any of RestorGenex's contracts
with any third parties, and RestorGenex's rights and obligations
under such contractual arrangements continue to be rights and
obligations of RestorGenex after the Reincorporation.  The
Reincorporation did not result in any change in headquarters,
business, jobs, management, location of any of the offices or
facilities, number of employees, assets, liabilities or net worth
of RestorGenex.

RestorGenex will not be replacing nor will RestorGenex's
stockholders be required to exchange their stock certificates for
new stock certificates in connection with the Reincorporation.

In connection with the Reincorporation, RestorGenex entered into
new indemnification agreements with each of its directors and
officers, effective as of June 18, 2015, which replace the previous
indemnification agreements entered into between RestorGenex and its
directors and officers.

                         About RestorGenex

RestorGenex Corporation operates as a biopharmaceutical company.
It focuses on dermatology, ocular disease, and women's health
areas.  The company was formerly known as Stratus Media Group,
Inc., and changed its name to RestorGenex Corporation in March
2014.  RestorGenex Corporation is based in Los Angeles,
California.

Restorgenex reported a net loss of $14.4 million in 2014,
a net loss of $2.46 million in 2013 and a net loss of $6.85 million
in 2012.

As of March 31, 2015, the Company had $39.6 million in total
assets, $4.36 million in total liabilities and $35.3 million in
total stockholders' equity.


RITE AID: Reports Net Income of $18.8 Million for First Quarter
---------------------------------------------------------------
Rite Aid Corporation reported net income of $18.8 million on $6.6
billion of revenues for the 13 weeks ended May 30, 2015, compared
to net income of $41.4 million on $6.4 billion of revenues for the
13 weeks ended May 31, 2014.

As of May 30, 2015, the Company had $10.5 billion in total assets,
$10.4 billion in total liabilities and $153 million in total
stockholders' equity.

"Our first-quarter results reflect the continued progress we're
making in positioning Rite Aid for growth, including increases in
same-store sales, same-store prescription count and Adjusted
EBITDA," said Rite Aid Chairman and CEO John Standley.  "We
generated these positive results while also making significant
strategic investments to continue our transformation into a retail
healthcare company.  Through initiatives like adding RediClinics to
Rite Aid stores, launching the ground-breaking wellness+ with
Plenti program and our pending acquisition of EnvisionRx, we remain
highly focused on delivering a differentiated experience to our
customers and a higher level of care to the communities we serve."

                   Updated Fiscal 2016 Guidance

Rite Aid has updated its fiscal 2016 guidance to reflect the
expected results of EnvisionRx for the period subsequent to the
transaction close, which is expected to occur by the beginning of
July.  Rite Aid has also updated its guidance to reflect the cost
to refinance its 8% First Lien Notes due 2020.  Revenues, which
includes PBM revenues are expected to be between $30.7 billion and
$31.2 billion.  Drugstore sales are expected to be between $26.9
billion and $27.4 billion and same store sales to range from an
increase of 2.50 percent to an increase of 4.50 percent over fiscal
2015.  Adjusted EBITDA (which is reconciled to net income on the
attached table) guidance is expected to be between $1.350 billion
and $1.450 billion and net income is expected to be between $150.0
million and $230.0 million or income per diluted share of $0.14 to
$0.22.  Capital expenditures are expected to be approximately $665
million.

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

                        http://is.gd/zyUJgs

                        About Rite Aid Corp.

Rite Aid is a drugstore chain with 4,570 stores in 31 states and
the District of Columbia.

The Company disclosed in its annual report for the year ended
Feb. 28, 2015, that it is highly leveraged.  Its substantial
indebtedness could limit cash flow available for its operations and
could adversely affect its ability to service debt or obtain
additional financing if necessary.

                           *     *     *

In March 2015, Moody's Investor Service confirmed its 'B2'
Corporate Family Rating of Rite Aid.  The confirmation reflects
Moody's expectation that Rite Aid will maintain debt to EBITDA
below 7.0 times after closing the acquisition of Envision
Pharmaceutical Holdings, Inc.

As reported by the TCR on Oct. 2, 2013, Standard & Poor's Ratings
Services said it raised its ratings on Rite Aid, including the
corporate credit rating, which S&P raised to 'B' from 'B-'.

In April 2014, Fitch Ratings upgraded its ratings on Rite Aid,
including its Issuer Default Rating to 'B' from 'B-'.  The upgrades
reflect the material improvement in the company's operating
performance, credit metrics and liquidity profile over the past 24
months.


RIVERWALK JACKSONVILLE: Hearing on Real Property Sale on June 23
----------------------------------------------------------------
The Hon. Laurel M. Isicoff of the U.S. Bankruptcy Court for the
Southern District of Florida has continued to June 23, 2015, at
9:30 a.m., the June 11, 2015 hearings on the sale of Riverwalk
Jacksonville Development, LLC's real property and the Debtor's plan
exclusivity period, along with the exclusivity period for obtaining
acceptances to Plan, the setting of a new Plan deadline date.

The Debtor and Sabadell United Bank, N.A, asked the Court to
continue the hearings.

On June 8, 2015, secured first mortgage creditor U.S. Century Bank
filed a response and limited objection to the Debtor's motion for
order authorizing the sale of portion of the Debtor's real
property, saying that the motion appears not to provide for and may
in fact preclude the Bank's mortgage lien rights being transferred
and attaching to the net sale proceeds Debtor.  According to the
Bank, the sale motion appears to ignore or disregard the lien
rights and equitable principles attendant with the sale of real
property belonging to the bankruptcy estate.  The Bank claimed that
the Debtor's justification and explanation for the different
treatments being afforded the Sabadell Mortgage and to the
detriment of U.S. Century mortgage is based on an equity sham
argument.

The Bank asked the Court for right to participate in the sale by
transferring and attaching its present mortgage lien rights to the
net sale proceeds and paying the Century note in full, upon sale of
the subject real property.

A copy of the objection is available for free at:

                      http://is.gd/MbgYvZ

On May 19, 2015, the Debtor sought the Court's permission to sell
real property free and clear of all liens and encumbrances
identified by chart as Properties 2 and 4 for $6.5 million.
Property 4 is encumbered by the Bank's mortgage, serving as part of
the collateral for full indebtedness due under the loan documents.


The Bank is represented by:

      James S. Caris, Esq.
      James S. Caris P.A.
      401 E. Las Olas Boulevard
      No. 130-117
      Fort Lauderdale, FL 33301
      Tel: (954) 522-0206
      Fax: (954) 522-0198
      E-mail: jamescaris@yahoo.com

              About Riverwalk Jacksonville Development

Riverwalk Jacksonville Development, LLC, owns four parcel of real
property located in areas surrounding the Wyndham Hotel and
Convention Center.  The properties comprise approximately 10.4
acres and constitute prime downtown commercial space.  The
occupants of the area are a Chart House restaurant, various office
building and parking amenities.  Three of the four properties are
encumbered to Sabadell and U.S. Century Bank.

Riverwalk Jacksonville Development filed a Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 14-19672) on April 28, 2014, in Miami.
The Debtor estimated assets of at least $10 million and debts of
at least $1 million.  Geoffrey S. Aaronson, Esq., at Aaronson
Schantz P.A. serves as the Debtor's counsel.  Judge Laurel M
Isicoff oversees the case.


ROADRUNNER ENTERPRISES: June 22 Hearing on Bid to Auction Assets
----------------------------------------------------------------
The Hon. Kevin R Huennekens of the U.S. Bankruptcy Court for the
Eastern District of Virginia will continue a hearing on June 22,
2015, at 3:00 p.m. to consider Roadrunner Enterprises Inc.'s June
2, 2015 motion for court authorization to sell real property listed
on http://is.gd/9nw5dEat public auction without further court
order, subject to appropriate reserves to be set by the Debtor in
consultation with the auctioneer and the secured lenders, and
subject to the rights of each secured lender to credit bid at the
auction with respect to its collateral, in accordance with the
marketing proposal, which is available for free at
http://is.gd/Jjm7on

The Debtor asked the Bankruptcy Court on April 8, 2015, to allow
the employment of Motley's Auction, Inc., t/a Motley's Asset
Disposition Group as an auctioneer in this case to assist the
Debtor in selling the real property, which the Bankruptcy Court
granted on May 19, 2015.  

On June 5, 2015, Bank of McKenney filed a limited objection to the
Debtor's motion, saying that while BOM continues to support the
Debtor's efforts to bring about a public auction of its real
property, including certain real property subject to the liens of
BOM, in an expeditious fashion through Motley's Auctions,
negotiations among the Debtor and its various creditors to address
outstanding issues pertaining to the auction are continuing.
According to BOM, certain outstanding issues have not yet been
resolved.  BOM said that it reserves its rights to object to the
Debtor's motion, including for these reasons, among other things:

      a. the Motion does not clearly state that the net proceeds
         of sale will be turned over to the applicable secured
         lenders or, in the event of a dispute, whether a sale
         will go forward and what disposition of proceeds will be
         made;

      b. there are outstanding questions regarding the status of
         title and title commitments for prospective auction
         purchasers as to some of the properties;

      c. the status of leases and treatment of some of those
         leases through the auction sale is not yet determined;
         and

      d. an order granting the Motion should clarify that the
         commission to Motley's for properties purchased by a
         lender through credit bid will be not exceed 5%.

The Motion also met objections from:

      a. The Bank of Southside Virginia, the holder of numerous
         claims secured by security interests in various parcels
         of real property located in Chesterfield County, Sussex
         County, and the City of Hopewell, Virginia;

      b. EVB; and

      c. Towne Bank, the holder of numerous claims secured by
         security interests in various parcels of real property
         located in Chesterfield Count, Sussex County, and the
         City of Hopewell, Virginia.

A hearing was held on June 10, 2015, wherein the auction procedures
was approved as set out in open court.  

On May 29, 2015, the Bankruptcy Court granted the Debtor's motion
to sell certain property of the Debtor located at 16530 Happy Hill
Road, Chesterfield, Virginia, and real property located at 16600
Happy Hill Road, Chesterfield Virginia.  In the May 29 court order,
the Debtor is authorized to pay 6% of the purchase price to
Coldwell Bank Dew Realty, Inc., as the brokerage fee for the sale.
After payment of closing costs and brokerage fees, Bank of McKenney
will receive the remaining sales proceeds, which payment will be in
full and final satisfaction of BoM's lien on the Real Property.
After the payments contemplated, there will be no sales proceeds
remaining.

BOM is represented by:

      Robert H. Chappell, III, Esq.
      Neil E. McCullagh, Esq.
      James K. Donaldson, Esq.
      Spotts Fain PC
      411 East Franklin Street, Suite 600
      Richmond, Virginia 23219
      Tel: (804) 697-2000
      Fax: (804) 697-2100

BSV is represented by:

      Jonathan L. Hauser, Esq.
      Troutman Sanders LLP
      222 Central Park Avenue, Suite 2000
      Virginia Beach, VA 23462
      Tel: (757) 687-7768
      Fax: (757) 687-1505 – Fax

EVB is represented by:
      William A. Broscious, Esq.
      Kepley Broscious & Biggs, PLC
      2211 Pump Road
      Richmond, VA 23233
      Tel: (804) 741-0400

Towne Bank is represented by:

      Robert A. Canfield, Esq.
      Canfield, Baer & Heller, LLP
      2201 Libbie Avenue, Suite 200
      Richmond, VA 23230
      Tel: (804) 673-6600
      Fax: (804) 673-6604

                   About Roadrunner Enterprises

Headquartered in Chesterfield County, Virginia, Roadrunner
Enterprises Inc. owns the Roadrunner Campground and more than 70
rental properties, lots, and other real estate interests.

Roadrunner Enterprises filed for Chapter 11 bankruptcy protection
(Bank. E.D. Va. Case No. 15-30604) on Feb. 6, 2015.  The petition
was signed by Carl Adenauer, president.  David K. Spiro, Esq., at
Hirschler Fleischer, P.C., serves as the Debtor's counsel.  Judge
Kevin R. Huennekens presides over the case.  The Debtor estimated
assets and liabilities of at least $10 million.


ROOFING SUPPLY: Moody's Affirms 'B3' CFR, Outlook Changed to Stable
-------------------------------------------------------------------
Moody's Investors Service changed Roofing Supply Group, LLC's
("RSG") outlook to stable from negative, due to improved
performance resulting in better debt credit metrics. In a related
action, Moody's affirmed all of RSG's ratings, including its B3
Corporate Family Rating.

The following ratings are affected by this action:

Corporate Family Rating, affirmed B3;

Probability of Default Rating, affirmed B3-PD;

Senior secured term loan, affirmed B3 (LGD4); and,

Senior unsecured notes, affirmed Caa1 (LGD5).

RATINGS RATIONALE

The change in RSG's outlook to stable from negative results from
improved operating performance, resulting in better key credit
metrics. Company performance is getting better, with debt leverage
moving below 7.0x and retained cash flow to debt above 5.0% (all
ratios adjusted per Moody's standard adjustments). Performance
improvements were largely driven by increased volumes and better
pricing for its products, as well as realized savings from previous
cost control initiatives. RSG is well positioned to continue to
improve performance along with the expansion of the repair and
remodeling market, a main driver of company revenues. The National
Association of Home Builders Remodeling Market Index continues to
indicate further expansion, with the future expectations index
reading 55.4 in March 2015. Though the future expectations index
fell from its all-time high of 59.5 in December 2014, the figure
remains well above 50, indicating continued end market growth. RSG
also benefits from the stability of reroofing demand. Reroofing is
a largely nondiscretionary consumer expenditure, thus residential
and nonresidential demand for roofing products is less volatile
relative to other remodeling-type building products.

RSG's B3 Corporate Family Rating incorporates its leveraged capital
structure. Moody's projects leverage approaching 6.25x over the
next 12-18 months, an appropriate level for the current rating.
Interest coverage (measured as (EBITDA-CapEx)-to-interest expense)
is expected to remain near 1.5x over the same time horizon (ratios
incorporate Moody's standard adjustments). Debt service
requirements, including about $39 million in cash interest
payments, limit the company's ability to permanently reduce balance
sheet debt through excess free cash flow. RSG's liquidity profile
is supported by good availability under its $250 million (recently
increased from $175 million) asset-based revolving credit facility
(unrated). The facility is used for seasonal working capital needs
in the first half of the year as well as for bolt-on acquisitions.
Moody's anticipates RSG will produce sufficient free cash flow to
pay down intra-year revolver borrowings in the second half of the
year when cash generation is higher.

We do not expect positive rating actions for RSG over the near
term, primarily due to its elevated debt leverage. However, if
RSG's operating performance exceeds Moody's expectations and term
loan debt is permanently reduced by excess cash flow, such that
debt-to-EBITDA falls below 4.5x and retained cash flow-to-debt
nears 10%, then positive actions could ensue.

Negative rating actions could occur if RSG's operating performance
deteriorates or falls below Moody's expectations, such that
debt-to-EBITDA is sustained above 7.0x or retained cash
flow-to-debt remains below 5.0%. A deterioration of the company's
liquidity profile, characterized by excessive usage of the
revolving credit facility or dividends, could pressure the ratings
as well.

Roofing Supply Group, LLC ("RSG"), headquartered in Dallas, TX, is
a national distributor of roofing products and related building
materials supplying roofing contractors, home builders, and
retailers. Clayton, Dubilier & Rice, LLC, through its respective
affiliates, is the primary owner of RSG. Revenues for the 12 months
through March 31, 2015 totaled approximately $1.16 billion.



SABINE OIL: Won't Make Interest Payment on 7.25% Senior Notes
-------------------------------------------------------------
Sabine Oil & Gas Corporation on June 15 disclosed that it has
elected to exercise its right to a grace period with respect to a
$21 million interest payment due on its 7.25% Senior Notes due
2019.  The interest payment is due June 15, 2015; however, such
grace period permits the Company 30 days to make the interest
payment before an event of default occurs.

As previously announced, Sabine has retained financial advisors
Lazard and legal advisors Kirkland & Ellis LLP to advise management
and the board of directors on strategic alternatives related to its
capital structure.  Sabine believes it is in the best interests of
its stakeholders to actively address the Company's debt and capital
structure and is continuing discussions with its creditors and
their respective professionals.  As previously reported, as of May
8, 2015, the Company had a cash balance of approximately $276.9
million, which provides substantial liquidity to fund its current
operations.  Sabine is continuing to pay suppliers and other trade
creditors in the ordinary course.

               About Sabine Oil & Gas Corporation

Sabine Oil & Gas LLC, (formerly Forest Oil Corporation) --
http://www.sabineoil.com-- 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.  

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.

                        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.
     
                            *    *    *

As reported by the TCR on May 27, 2015, Moody's Investors Service
downgraded Sabine Oil & Gas Corporation's Probability of Default
Rating to C-PD/LD from Caa3-PD and its Corporate Family Rating to C
from Caa3 following the company's announcement that it did not make
the interest payment due on its Second Lien Credit Agreement
following the expiration on May 21 of the 30-day grace period with
respect to its April 21, 2015, scheduled payment date.

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.



SAFE-T-PROPANE: Case Summary & Largest Unsecured Creditors
----------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

         Debtor                                    Case No.
         ------                                    --------
         Safe-T-Propane, Inc.                      15-31978
           aka Safe*T*Propane, Inc.
         6675 Chrisman Lane
         Middletown, OH 45042

         Safe*T*Logistics, Inc.                    15-31979
         6675 Chrisman Lane
         Middletown, OH 45042

Chapter 11 Petition Date: June 18, 2015

Court: United States Bankruptcy Court
       Southern District of Ohio (Dayton)

Judge: Hon. Lawrence S. Walter

Debtors' Counsel: Denis E Blasius, Esq.
                  LAW OFFICES OF IRA H. THOMSEN
                  140 N Main Street
                  Springboro, OH 45066
                  Tel: (937) 748-5001
                  Email: dblasius@ihtlaw.com
                         cornell76@aol.com

                                   Estimated     Estimated
                                    Assets      Liabilities
                                  -----------   -----------
Safe-T-Propane, Inc.              $100K-$500K   $1MM-$10MM
Safe*T*Logistics, Inc.            $100K-$500K   $1MM-$10MM

The petition was signed by George W. Kuhn, president.

A list of Safe-T-Propane's 14 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ohsb15-31978.pdf

A list of Safe*T*Logistics' seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/ohsb15-31979.pdf


SALON MEDIA: Posts $3.9 Million Net Loss in Fiscal 2015
-------------------------------------------------------
Salon Media Group, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$3.9 million on $4.9 million of net revenues for the year ended
March 31, 2015, compared to a net loss of $2.2 million on $6
million of net revenues for the year ended March 31, 2014.

As of March 31, 2015, the Company had $1.6 million in total assets,
$8.2 million in total liabilities and a $6.6 million total
stockholders' deficit.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2015, citing that  the
Company has suffered recurring losses and negative cash flows from
operations and has an accumulated deficit of $122.6 million as of
March 31, 2015.  These conditions raise substantial doubt about its
ability to continue as a going concern.

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

                       http://is.gd/aiOCo3

                         About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB)
-- http://www.Salon.com/-- is an online news and social
networking company and an Internet publishing pioneer.


SAN JUAN RESORT: $9.45M Offer, Bidding Procedures Approved
----------------------------------------------------------
The Hon. Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico entered an order approving the asset
purchase agreement, the bidding procedures, and the sale of San
Juan Resort Owner, Inc.'s assets, free and clear, to a stalking
horse purchaser or to the successful bidder.

SJ Beach PR LLC, as the buyer, agrees that the purchase price for
the assets is $9.45 million.  The assets to be sold include all of
the assets of the Debtor that are used in or related to the
operation of the San Juan Beach Hotel.

A copy of the order is available for free at http://is.gd/QkdfAi

Boutique Hotels and Gonzalo Gracia de Miguel had objected to the
sale motion filed by the Debtor and its secured creditor, Banco
Popular de Puerto Rico.  The objections were resolved through a
settlement agreement filed on June 5, 2015.  A copy of the
settlement agreement is available for free at http://is.gd/xZZ6J7

On June 8, 2015, the Debtor and BPPR asked the Court to extend
certain of the milestones and deadlines set forth in the bidding
procedures, APA, and sale order.  The Debtor and BPPR filed on
March 27, 2015, the motion for court order approving the APA, the
bidding procedures, and the sale of the assets.  

Copies of the amended APA and amended bidding procedures are
available for free at http://is.gd/NwVGaYand http://is.gd/OoEEpo.

Pursuant to the bidding procedures, PHM has agreed to sell the PHM
assets to the seller, through a separate bill of sale and
assignment agreement, for the amount of $410,443.  On July 15,
2015, an auction, if necessary, will be conducted.  Bids must be
submitted by July 9, 2015.

The sale motion met objections from BHI and the U.S. Trustee.  On
May 21, 2015, the Debtor and BPPR fought BHI's May 20, 2015
objection, asking the Court to strike all of BHI's allegations and
documents, to which BHI responded on May 22, 2015, saying that the
strategy employed by the Debtor and BPPR only showed the strength
of the argument raised by BHI.  The Debtor and BPPR told the Court
in a court filing dated May 26, 2015, that BHI is a non-existing
entity, because its certificate of incorporation has been
revoked by the Department of State since, at least, April 16, 2014.
On May 27, 2015, the Debtor and BPPR asked the Court to deny an
objection the U.S. Trustee filed on May 4, 2015, against the sale,
claiming that the objection was moot, to which the U.S. Trustee
agreed on June 3, 2015.  A copy of the response to the objection is
available for free at http://is.gd/nqwZsi

On May 28, 2015, Condado San Juan Hotel 2, LLC, filed a motion to
withdraw opposition to the motion for approval of the APA and the
sale.  That same day, the Debtor and BPPR asked the Court to deny
BHI's opposition and instead grant the sale motion.

BHI and Mr. Gracia is represented by:

      Carmen D. Conde Torres, Esq.
      Luisa S. Valle Castro, Esq.
      C. Conde & Assoc.
      254 San Jose Street, 5th Floor
      Old San Juan, Puerto Rico 00901
      Tel: (787) 729-2900
      Fax: (787) 729-2203
      E-mail: ls.valle@condelaw.com

BPPR is represented by:

      Luis C. Marini-Biaggi, Esq.
      O'Neill & Borges, LLC
      250 Munoz Rivera Avenue Suite 800
      San P.R., 00918-1813
      Tel: (787) 764-8181
      Fax: (787) 753-8944
      E-mail: luis.marini@oneillborges.com

SJ Beach is represented by:

      Jorge I. Peirats, Esq.
      Pietrantoni Mendez & Alvarez, LLC
      Popular Center, 19th Floor
      208 Ponce de Leon Avenue
      San Juan PR 00918
      Tel: (787) 274-1212/4936
      Fax: (787) 274-1470
      E-mail: jpeirats@pmalaw.com

Condado San Juan Hotel is represented by:

      Edilberto Berrios Perez, Esq.
      Berrios & Longo Law Office, P.S.C.
      Capital Center Building, Suite 900
      No. 239 Arterial Hostos Avenue
      San Juan, Puerto Rico 00918-1400
      Tel: (787) 753-0884
      Fax: (787) 753-4821
      E-mail: eberriosperez@reclawservices.com

                     About San Juan Resort

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

The Debtor disclosed $12,787,943 in assets and $33,014,219 in
liabilities as of the Chapter11 filing.

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


SAN JUAN RESORT: Says Boutique's Cash Use Objection Should Be Moot
------------------------------------------------------------------
Boutique Hotel, Inc.'s limited objection to the stipulation for the
use of cash collateral should become moot, San Juan Resort Owner,
Inc., and secured creditor Banco Popular de Puerto Rico said in a
May 27, 2015 motion for leave to file a reply to the Objection.

The Debtor said that it submitted sufficient information to clarify
BHI's concerns, and supplement the cash collateral stipulation in
conformity with PR LBR 4001-2.  

The Debtor and BPPR reached an agreement for the limited use of
certain of BPPR's cash collateral to satisfy some of the Debtor's
basic operating and administrative expenses, in order to preserve
the Debtor's ongoing concern value, in exchange of adequate
protection.  

BHI opposes the Cash Collateral Stipulation because, among other
things, it failed to include a budget with: (a) the amount of cash
collateral to be used by the Debtor; (b) operating and
administrative expenses that would justify the use of the cash
collateral; and (c) the amount of rent to be paid by Premier Hotel
Management., Inc., which comprise the cash collateral.

In compliance with PR LBR 4002-1, and as supplement to the Cash
Collateral Stipulation, the Debtor and BPPR submitted a budget from
April 2015 until July 2015, containing these disclosures: (a) the
rent payment by Premier, which serves as Debtor's income and BPPR's
cash collateral, is estimated at $20,000 per month, totaling
$80,000 for the four-month period requested; (b) the Debtor's total
operating expenses are close to $52,000 -- comprised, mainly, of
real property taxes accrued postpetition (payable on July 2015);
(c) the Debtor's total administrative expenses are close to
$36,000; and (d) the Debtor's projected expenses exceed the rents,
thus, Debtor intends to use the full amount of the cash collateral
of $20,000.

BHI asserts in its Cash Collateral Objection that the amount
claimed by BPPR in the Cash Collateral Stipulation contradicts the
amount claimed by BPPR in its proof of claim.  The Debtor and BPPR
clarify that the correct amount of the BPPR Claim is as asserted
and detailed stated in proof of claim number 4, filed by BPPR for
the amount of $18,017,618.58.

                     About San Juan Resort

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

The Debtor disclosed $12,787,943 in assets and $33,014,219 in
liabilities as of the Chapter11 filing.

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


SANUWAVE HEALTH: Extends Notes Due Dates to January 2017
--------------------------------------------------------
SANUWAVE Health, Inc., has entered into an amendment to certain
provisions of the two promissory notes dated Aug. 1, 2005, between
the Company and HealthTronics, Inc. with an aggregate outstanding
principal balance of $5,372,743.

The amendment provides for the extension of the due date of the
promissory notes to Jan.  31, 2017.  In connection with the
amendment, the Company entered into a security agreement with
HealthTronics, Inc. to provide a first security interest in the
assets of the Company.  In addition, the Company, in connection
with the amendment, issued to HealthTronics, Inc. an aggregate
total of 3,310,000 Class K warrants to purchase shares of common
stock at an exercise price of $0.55 per share, subject to
anti-dilution protection.  The warrants vested upon issuance and
expire after ten years.

"We are pleased that we were able to successfully extend the terms
of our promissory notes with HealthTronics, from whom we acquired
SANUWAVE's extensive patent and technology platform in 2005.  As a
result, we now have a much stronger balance sheet and the financial
flexibility to pursue a number of our strategic initiatives and
growth strategies slated for 2015 and beyond," commented Kevin A.
Richardson II, SANUWAVE’s Chairman of the board of directors.

                       About SANUWAVE Health

Alpharetta, Ga.-based SANUWAVE Health, Inc., is an emerging global
regenerative medicine company focused on the development and
commercialization of noninvasive, biological response activating
devices for the repair and regeneration of tissue, musculoskeletal
and vascular structures.

SANUWAVE Health reported a net loss of $5.97 million on $847,000 of
revenues for the year ended Dec. 31, 2014, compared with a net loss
of $11.3 million on $800,000 of revenues in 2013.

As of March 31, 2015, the Company had $3.49 million in total
assets, $6.18 million in total liabilities, and a $2.69 million
total stockholders' deficit.


SARATOGA RESOURCES: Files for Ch. 11; Won't Need Financing
----------------------------------------------------------
Saratoga Resources, Inc. on June 18 announced the filing of
voluntary Chapter 11 petitions for itself and certain operating
subsidiaries in the U.S. Bankruptcy Court for the Western District
of Louisiana in Lafayette.

Saratoga intends to continue to operate its business and manage its
properties as debtors in possession.  At this time, Saratoga
believes it has sufficient cash to operate its businesses in the
immediate term without need for debtor-in-possession financing.

The bankruptcy filing follows earlier challenges relating to the
Company's field operations coupled with the precipitous decline in
oil and gas prices which resulted in lower than projected revenues
and profitability and an unexpected arbitration award against the
Company.  Exhaustive initiatives have been undertaken in the
Company's field operations, remedying many of the earlier operating
issues, and an ongoing cost containment program is bringing down
operating costs to address the lower commodity price environment.
Production optimization initiatives and infrastructure improvements
undertaken during the last twelve months have addressed the
principal causes of decreased run times, gas lift gas shortages,
mechanical issues and flow line capacity constraints.

Thomas F. Cooke, Saratoga's Chairman and Chief Executive Officer,
said "As a result of the steep decline in commodity prices during
the second half of 2014 and continuing into 2015, compounded by
production declines associated with run time issues in early 2014,
which have subsequently been addressed, we have been operating in a
cash constrained environment and have undertaken strategic
initiatives to address operations in the current climate, including
entering into forbearance agreements with our principal lenders and
undertaking an extensive, cost-cutting program with targeted LOE
and G&A savings of more than $13 million for 2015 compared to 2014.
We have been working closely with our secured lenders to try to
address liquidity issues with a view to either restructure or repay
existing debt and preserve collateral from hostile action arising
from the outstanding arbitration award and have retained advisors
to assist in the evaluation of potential alternatives to either
restructure or repay the existing secured debt.  We have also
engaged in discussions with Harvest Operating, the holder of the
adverse arbitration award totaling $3.7 million, and are pursuing
separate legal claims against Harvest Operating which may
ultimately offset, in part or in whole, the arbitration award.
Without an acceptable resolution of the arbitration award, our
management and our principal lenders determined that a court
administered reorganization would offer the best means of
addressing the arbitration claim and the company's existing debt
structure and realizing the anticipated benefits of our drilling,
workover and recompletion program."

"We hope to use the Chapter 11 process to avert adverse action by
Harvest Operating while still permitting us to pursue our legal
claims against Harvest Operating as well as to arrive at a
satisfactory restructuring or retirement of our existing secured
debt while continuing to develop our holdings, grow our production
and revenues and reduce our operating expenses," Mr. Cooke said.
"We appreciate the support of our employees, vendors, business
associates and stockholders.  We want to assure them that we intend
to continue doing business while we complete the processes before
us and expect that a vast majority of our suppliers, vendors and
business associates will see no disruption in our business.  We
believe that our long-term prospects remain solid, that we continue
to have substantial untapped reserves and that our development
program will continue to increase daily production.  The process we
have undertaken will better allow us to realize the full value of
our properties for the benefit of both our creditors and our
stockholders and position us to benefit from what we expect is an
inevitable recovery in oil and gas prices."

Saratoga expects to file its monthly reports to the bankruptcy
court under Form 8-K.

                     About Saratoga Resources

Saratoga Resources -- http://www.saratogaresources.com-- is an
independent exploration and production company with offices in
Houston, Texas and Covington, Louisiana.  Principal holdings cover
approximately 51,500 gross/net acres, mostly held by production,
located in the transitional coastline and protected in-bay
environment on parish and state leases of south Louisiana and in
the shallow Gulf of Mexico Shelf.  Most of the company's large
drilling inventory has multiple pay objectives that range from as
shallow as 1,000 feet to the ultra-deep prospects below 20,000 feet
in water depths ranging from less than 10 feet to a maximum of
approximately 80 feet.


SARATOGA RESOURCES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                   Case No.
      ------                                   --------
      Harvest Oil & Gas, LLC                   15-50748
      67201 Industry Lane
      Covington, LA 70433

      Saratoga Resources, Inc.                 15-50749
      3 Riverway, Suite 1810
      Houston, TX 77056

      The Harvest Group LLC                    15-50750
      67201 Industry Lane
      Covington, LA 70433

      Lobo Operating, Inc.                     15-50751
      3 Riverway, Suite 1810
      Houston, TX 77056

      Lobo Resources, Inc.                     15-50752            

      3 Riverway, Suite 1810
      Houston, TX 77056

Chapter 11 Petition Date: June 18, 2015

Court: United States Bankruptcy Court
       Western District of Louisiana (Lafayette)

Debtors' Counsel: William H. Patrick, III, Esq.
                  HELLER, DRAPER, PATRICK, HORN & DABNEY, LLC
                  650 Poydras St #2500
                  New Orleans, LA 70130
                  Tel: (504) 299-3300
                  Fax: (504) 299-3399
                  Email: wpatrick@hellerdraper.com

                                         Estimated    Estimated
                                          Assets     Liabilities
                                       ------------  -------------
Harvest Oil & Gas                        $0-$50K     $100MM-$500MM
Saratoga Resources                       $101.3MM    $219.2MM
The Harvest Group                        $0-$50K     $100MM-$500MM
Lobo Operating, Inc.                     $0-$50K     $100MM-$500MM
Lobo Resources, Inc.                     $0-$50K     $100MM-$500MM

The petition was signed by Thomas Cooke, operating manager.

The Debtors did not include a list of their largest unsecured
creditors when they filed the petitions.


SAUK PRAIRIE HOSPITAL: Moody's Affirms 'Ba1' Rating
---------------------------------------------------
Moody's Investors Service affirms Sauk Prairie Memorial Hospital,
Inc.'s (d/b/a Sauk Prairie Healthcare, SPH) Ba1 rating. This action
affects $38 million of Series 2013A fixed rate revenue bonds issued
by the Wisconsin Health and Educational Facilities Authority. The
rating outlook remains negative.

SUMMARY RATING RATIONALE

The Ba1 rating reflects SPH's leading market share, track-record of
good operating cash flow margins prior to the construction phase of
building its new replacement hospital, and favorable cash on hand.
Moreover, SPH opened its new replacement hospital in spring 2014
and therefore is beyond construction risks and has limited capital
spending plans in the coming years. The rating is limited by SPH's
small size, thinner operating margins in FY 2013 and FY 2014, and
leveraged debt coverage ratios.

OUTLOOK

The maintenance of the negative rating outlook reflects SPH's
continued thin operating cash flow margin in FY 2014. Failure to
improve the margin above FY 2013 and FY 2014 results likely will
pressure the rating.

WHAT COULD MAKE THE RATING GO UP

   -- Materially improved operating results leading to sustaining
      an operating cash flow margin near 10%

   -- Significant liquidity growth and improvement in debt
      coverage ratios

   -- Material enterprise growth

WHAT COULD MAKE THE RATING GO DOWN

   -- Failure to improve the operating cash flow margin above FY
      2013 and FY 2014 levels

   -- Significant increase in competition

   -- Thinner headroom to financial covenants

OBLIGOR PROFILE

SPH is a 36 staffed bed, 1,700 admission hospital located in the
Village of Prairie du Sac, WI (A1 general obligation rating).
Prairie du Sac is located approximately 27 miles northwest of
downtown Madison. While SPH competes with the three health systems
based in Madison, the hospital also maintains referral partnerships
with all three Madison providers and contracts with each of their
respective provider-owned health plans.

LEGAL SECURITY

The Series 2013A bonds are secured by a joint and several security
interest in Pledged Revenues of the Obligated Group and a mortgage
on SPH. Sauk Prairie Memorial Hospital, Inc. is the only member of
the Obligated Group. A debt service reserve fund (DSRF) is in
place.

USE OF PROCEEDS

Not Applicable

PRINCIPAL METHODOLOGY

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



SEITEL INC: Moody's Cuts Corporate Family Rating to 'Caa1'
----------------------------------------------------------
Moody's Investors Service downgraded Seitel, Inc.'s (Seitel)
Corporate Family Rating (CFR) to Caa1, Probability of Default
Rating (PDR) to Caa1-PD, and its senior unsecured notes to Caa1
from B3. Moody's affirmed Seitel's Speculative Grade Liquidity
(SGL) rating at SGL-2. The outlook remains stable.

"The Caa1 rating reflects the steep decline in Seitel's revenues
seen in 2015 and the expectation that its revenue will remain
depressed, stressing the company's credit metrics despite its
ability to cut operating expenses," commented James Wilkins,
Moody's Vice President. "Although credit metrics may become further
stressed, Seitel has an ample cash balance along with revolver
availability that is expected to provide the company with good
liquidity over the next 12 months."

Rating Actions:

Issuer: Seitel, Inc.

   -- Corporate Family Rating, Downgraded to Caa1 from B3

   -- Probability of Default Rating, Downgraded to Caa1-PD from
      B3-PD

   -- Speculative Grade Liquidity Rating, Affirmed at SGL-2

   -- Senior unsecured notes due 2019, Downgraded to Caa1 (LGD4)
      from B3 (LGD4)

Outlook Actions:

Issuer: Seitel, Inc.

   -- Outlook, Remains Stable



SKYMALL LLC: Judge Authorizes Voting on Liquidation Plan
--------------------------------------------------------
Tom Corrigan, writing for Dow Jones' Daily Bankruptcy Review,
reported that U.S. Bankruptcy Judge Brenda Martin in Phoenix
authorized SkyMall LLC, the company behind the now-defunct
in-flight catalog, to begin soliciting votes on its plan to
liquidate its assets and to distribute the proceeds to creditors.

According to the report, following a hearing on June 17, Judge
Martin said she would approve company's so-called disclosure
statement, a plain-language version of the plan that will be sent
to the creditors along with other voting materials.

As previously reported by The Troubled Company Reporter, the
Bankruptcy Court approved on March 27, 2015, the $1.9 million sale
of SkyMall LLC to C&A Marketing Inc., which, along with $1 million
in cash, issued a promissory note for $900,000.

                        About SkyMall LLC

Headquartered in Phoenix, Arizona, SkyMall, LLC, is the company
behind the ubiquitous in-flight catalogs known for kitschy items
that include Bigfoot Garden Yeti statues, night glow toilet seats
and cat litter robots.

Affiliates SkyMall, LLC, fka SkyMall, Inc. (Bankr. D. Ariz. Case
No. 15-00679), Xhibit Corp., fka NB Manufacturing, Inc. (Bankr. D.
Ariz. Case No. 15-00680), Xhibit Interactive, LLC, fka Xhibit, LLC
(Bankr. D. Ariz. Case No. 15-00682), FlyReply Corp. (Bankr. D.
Ariz. Case No. 15-00684), SHC Parent Corp. (Bankr. D. Ariz. Case
No. 15-00685), SpyFire Interactive, LLC (Bankr. D. Ariz. Case No.
15-00686), Stacked Digital, LLC (Bankr. D. Ariz. Case No.
15-00687), and SkyMall Interests, LLC (Bankr. D. Ariz. Case No.
15-00688) filed separate Chapter 11 bankruptcy petitions on Jan.
22, 2014.  The petitions were signed by Scott Wiley, authorized
signatory.

Judge Brenda K. Martin presides over SkyMall, LLC's case, while
Judge Madeleine C. Wanslee presides over Xhibit Corp.'s and SHC
Parent Corp.'s cases.

John A. Harris, Esq., at Quarles & Brady LLP serves as the
Debtors' bankruptcy counsel.

Cohnreznick Capital Market Securities, LLC, is the Debtors'
financial advisor.

SkyMall, LLC, estimated its assets at between $1 million and $10
million, and its liabilities at between $10 million and $50
million.  Xhibit Corp. estimates its assets and liabilities at
between $100,000 and $500,000 each.  Xhibit Interactive, LLC,
estimates its assets and liabilities at up to $50,000 each.  SHC
Parent Corp. estimates its assets and liabilities at up to $50,000
each.


SOLAR POWER: Signs US$20-Mil. Purchase Agreement with Vision Edge
-----------------------------------------------------------------
Solar Power, Inc., entered into a convertible promissory note
purchase agreement with Vision Edge Limited, whereby the Company
agreed to issue, and the Purchaser agreed to purchase a convertible
note in the principal amount of US$20,000,007, according to a
document filed with the Securities and Exchange Commission.  The
Note will mature on the first anniversary of its issuance date.

On June 15, 2015, the Company entered into an option agreement with
the Purchaser, whereby the Company agreed to grant the Purchaser an
option to purchase from the Company shares of common stock of the
Company, par value US$0.0001, at a per share price of $2.70 for an
aggregate purchase price of US$20,000,007, exercisable within six
months from the date of the Option Agreement, pursuant to the terms
of the Option Agreement and subject to the closing conditions
therein.

The Company's common stock issuable under the Convertible Note
Purchase Agreement and the Option Agreement are restricted
securities and the Purchaser is subject to a three-month lock-up
period.

The proposed issuance of the Convertible Note, the Option, the
Conversion Shares and the Option Purchase Shares as aforementioned
is exempt from registration upon reliance of Regulation S
promulgated under the Securities Act of 1933, as amended.

                         About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power reported a net loss of $5.19 million in 2014, a net
loss of $32.2 million in 2013 and a net loss of $25.4 million in
2012.

As of March 31, 2015, the Company had $649 million in total assets,
$379 million in total liabilities and $270 million in total equity.


SONJA MORGAN: Pays Off $9M Bankruptcy Judgment, Exits Chapter 11
----------------------------------------------------------------
Inquisitr.com reports that Sonja Morgan has announced that the
legal nightmare of her bankruptcy has come to an end, after she
paid off the judgment against her plus a couple of million in
additional legal fees.

As reported by the Troubled Company Reporter on July 24, 2014,
Amber Ryland, writing for Showbizspy.com, reported that Ms. Morgan
was selling her New York City apartment, which she bought for $9.1
million in 1998, to help pay off a $7 million judgment she owed to
creditors after filing for Chapter 11 bankruptcy.  The report said
Ms. Morgan slashed the price from $8.25 million to $7.8 million,
nearly half a million dollars.

Inquisitr.com recalls that Ms. Morgan's production company
reportedly struck a deal with Hannibal Pictures to produce a movie
starring John Travolta called Fash Flash Bang Time, but Ms. Morgan
claims that Mr. Travolta had too many demands and that she could
not meet them, leading to Hannibal Pictures' filing of the $7
million lawsuit, which it won.

According to Realitytea.com, Ms. Morgan has been given the clear
from the Bankruptcy Court to repay her creditors and enter into a
bankruptcy-exit plan.  The report says that Ms. Morgan obtained the
millions by selling a St. Tropez chateau she won in her divorce
proceedings.

E! News quoted Ms. Morgan as saying, "It's over now.  It's come to
an end.  The $9 million-plus is all there.  It was $7 million
judgment but with the administration fees, it was about another $2
million."

According to Inquisitr.com, Ms. Morgan said that she's keeping
the New York City townhouse.

New York City-based Real Housewives of New York City star Sonja
Tremont-Morgan filed for Chapter 11 protection on Nov.  17, 2010
(Bankr. S.D.N.Y Case No. 10-16132).  The Debtor disclosed
$13,458,749 in assets and $19,839,501 in liabilities as of the
Chapter 11 filing.


SOURCE HOME: June 24 Hearing on Bid to Extend Time to Remove Suits
------------------------------------------------------------------
U.S. Bankruptcy Judge Kevin Gross is set to hold a hearing on June
24, 2015 to consider the request of Source Home Entertainment LLC
to extend the deadline for filing notices of removal of lawsuits to
September 16.

The extension, if granted, would give the company "sufficient time
to properly evaluate removal of the actions," according to its
lawyer, Laurel Roglen, Esq., at Young Conaway Stargatt & Taylor
LLP, in Wilmington, Delaware.

                        About Source Home

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

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

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

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

officer.



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

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


SS&C TECHNOLOGIES: Moody's Assigns 'B1' Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service assigned to SS&C Technologies Holdings,
Inc. (SS&C) a B1 Corporate Family Rating (CFR), a B1-PD Probability
of Default Rating (PDR) and an SGL-1 Speculative Grade Liquidity
(SGL) Rating. Moody's also assigned (P)Ba3 ratings to the new $2.6
billion of senior secured credit facilities being issued by SS&C's
subsidiaries, SS&C Technologies, Inc., SS&C Technologies Holdings
Europe S.a.r.l. and SS&C European Holdings S.a.r.l., and a (P)B3
rating to the $500 million of new senior unsecured notes at SS&C.
The ratings have a stable outlook.

SS&C will use the proceeds from the new debt issuances and $400
million from a secondary equity offering to complete the
acquisition of Advent Software, Inc. (Advent) for approximately
$2.7 billion in cash, including assumption of debt, and refinance
SS&C's $601 million of existing debt.

As part of this rating action, Moody's withdrew SS&C Technologies,
Inc.'s existing Ba2 CFR, Ba3-PD PDR and SGL-1 Speculative Grade
Liquidity rating. At the close of the transaction and upon
repayment of existing debt, the existing Ba2 ratings for credit
facilities issued by SS&C Technologies, Inc. and SS&C Technologies
Holdings Europe S.a.r.l. will be withdrawn. These rating actions
conclude the review for SS&C Technologies, Inc.'s ratings, which
was initiated on February 4, 2015, in connection with SS&C's plans
to acquire Advent.



STANDARD REGISTER: Sale to Taylor to Close in Up to 60 Days
-----------------------------------------------------------
Standard Register Co.'s sale to Taylor Corp. for more than $307
million is expected to close in 45 to 60 days, after the deal
received U.S. Bankruptcy Judge Brendan Shannon's approval, David
Phelps at Star Tribune reports.

Court documents show that Taylor negotiated a deal with Silver
Point Capital, the previous top bidder for the Company, to pay $2
million over its bid.

According to Asicentral.com, the Company's official creditors
committee said that Silver Point and Taylor were the only bidders
at the auction.

Star Tribune relates that final approval of the sale is subject to
resolution of outstanding objections by various creditors and the
settlement of a complaint filed against Silver Point by the
Committee.

                     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.


STONEBRIDGE FINANCIAL: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Stonebridge Financial Corp.
        605 Willowbrook Lane
        West Chester, PA 19382

Case No.: 15-14353

Chapter 11 Petition Date: June 18, 2015

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Eric L. Frank

Debtor's Counsel: Joseph N. Argentina, Jr., Esq.
                  DRINKER BIDDLE & REATH LLP
                  One Logan Square, Suite 2000
                  Philadelphia, PA 19103
                  Tel: 215 - 988 - 2541
                  Email: joseph.argentina@dbr.com

                    - and -

                  Andrew Charles Kassner, Esq.
                  DRINKER BIDDLE & REATH LLP
                  One Logan Square
                  18th & Cherry Sts
                  Philadelphia, PA 19103
                  Tel: 215-988-2554
                  Email: andrew.kassner@dbr.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Joseph C. Petrone, chief financial
officer.

The Debtor listed Wilmington Trust Company, as trustee, as its
largest unsecured creditor holding a claim of $11.2 million.

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

             http://bankrupt.com/misc/paeb15-14353.pdf


STONEBRIDGE FINANCIAL: Files Bankruptcy Petition to Facilitate Sale
-------------------------------------------------------------------
Stonebridge Financial Corp., a bank holding company located in West
Chester, Pennsylvania, on June 18 disclosed that it will sell its
wholly owned subsidiary, Stonebridge Bank in order to significantly
strengthen the bank's balance sheet and improve its financial
position as a well-capitalized bank.  The bank holding company has
filed a voluntary petition in the United States Bankruptcy Court
for the Eastern District of Pennsylvania and intends to sell the
bank in a sale under section 363 of the Bankruptcy Code to the
highest and best bidder.  A group of members of the local business
community have signed an asset purchase agreement and agreed to act
as stalking horse bidders for the bank, in order to set a base
level for all further offers.

"The sale of Stonebridge Bank through the 363 sale process will
create a bank poised for growth," Daniel J. Machon, Jr., President
and CEO of Stonebridge Financial Corp. and Stonebridge Bank, said
in a statement.  "Upon approval by the court and regulatory
authorities, the bank will continue its mission to create a strong
and secure community bank.  We will continue to meet all federal
and state regulatory requirements for capitalization."

The bankruptcy filing does not affect Stonebridge Bank, and only
affects the holding company.  The bank will not file bankruptcy,
and Stonebridge Bank will continue to operate separately from the
holding company and will conduct business as usual throughout the
reorganization process.  Deposits will continue to be insured to
the fullest extent possible by the Federal Deposit Insurance
Corporation (FDIC).  There will be no impact on depositors,
creditors or vendors of Stonebridge Bank.

The transaction is structured so that the investors would purchase
the shares of the bank.  This offer will be tested at an auction.

Chapter 11 filings have become a popular way for banks to
recapitalize following the capital crisis in 2008.

Capitol Bancorp Ltd., which owned several banks, including:  Bank
of Las Vegas, Indiana Community Bank, Michigan Commerce Bank and
Sunrise Bank of Albuquerque, recently used this strategy and
consummated a sale of the banks to investor Wilbur Ross.  First
Mariner Bancorp, located in Baltimore, Maryland, recently sold its
subsidiary 1st Mariner Bank to a group of investors through a
bankruptcy 363 sale process.  Also, Mercantile Bancorp Inc. was
purchased recently by United Community Bancorp of Illinois through
a Chapter 11 filing.  Each of these bankruptcy transactions allowed
the bank, which cannot file for bankruptcy, to significantly
strengthen its balance sheet.

                About Stonebridge Financial Corp.

Stonebridge Financial Corp. -- http://www.stonebridgebank.com--
was formed in 1999 as the parent company to Stonebridge Bank. Based
in West Chester, PA, Stonebridge Bank serves commercial and retail
banking customers through its banking offices in West Chester and
Warminster.  In addition, Stonebridge Bank offers a complete range
of banking services at the branch locations and through its
website.


SUMMIT MATERIALS: Moody's Assigns 'B1' Rating to Term Loan B
------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Summit Materials,
LLC's proposed $650 million term loan B and a Caa2 rating to the
company's proposed $275 million senior notes. The proceeds will be
used to refinance Summit's existing term loan B, to fund the
purchase of LaFarge's Davenport assets which was announced on April
17, 2015, and to redeem a portion of the company's existing 10.5%
senior notes due 2020. Moody's also affirmed Summit's Corporate
Family Rating at B3, the Probability of Default Rating at B3-PD,
and the senior unsecured notes at Caa2. The senior secured
revolving credit facility was upgraded to B1 from B2. The
Speculative Grade Liquidity Rating is affirmed at SGL-3 and the
rating outlook is stable.

The following ratings actions were taken, and are subject to
Moody's review of final documentation and closing of the proposed
term loan B and proposed senior notes:

Corporate Family Rating, affirmed at B3;

Probability of Default Rating, affirmed at B3-PD;

Speculative Grade Liquidity affirmed at SGL-3;

$235 million senior secured revolving credit facility due 2020,
upgraded to B1, LGD-3 from B2, LGD-3;

$337 million senior unsecured notes due 2020, affirmed at Caa2,
LGD-5;

$275 million senior unsecured notes, assigned at Caa2, LGD-5;

$650 million senior secured term loan B due 2020, assigned at B1,
LGD-3;

$415 million senior secured term loan B due 2019, unchanged at B2,
LGD-3 and to be withdrawn upon the close of the proposed $650
million term loan B;

The rating outlook is stable.

RATINGS RATIONALE

The B3 Corporate Family Rating balances Summit's growing scale,
geographic diversity and experienced management team against the
company's acquisitive growth model, and risks associated with
execution and integration. The B3 rating also reflects Summit's
high adjusted debt leverage, the expectation that the company will
remain acquisitive and that financial leverage will fluctuate over
time. Summit has typically funded its acquisitions primarily with
debt capital, which temporarily diminishes the company's financial
flexibility until it realizes the full year benefit of EBITDA
contributions. We expect Summit to fund future acquisitions
predominately with debt capital and de-leverage through EBITDA
growth. These swings in debt leverage are incorporated into the
company's B3 Corporate Family Rating. The upgrade of the senior
secured revolving credit facility reflects the higher proportion of
unsecured debt in Summit's capital structure relative to its
secured obligations upon closing of the proposed offerings.

On April 17, 2015, Summit announced that it entered a definitive
agreement with Lafarge North America ("Lafarge NA") to purchase
Lafarge NA's Davenport, Iowa cement plant and seven cement
distribution terminals for a purchase price of $450 million plus
Summit's Bettendorf, Iowa cement terminal. The Lafarge assets
complement Summit's Continental Cement business located in
Hannibal, Missouri. The combined two-plant operation will have 2.45
million short tons of cement capacity and distribution capability
along the Mississippi River from Minneapolis, Minnesota to New
Orleans, Louisiana through eight cement distribution terminals. The
Lafarge acquisition is well-timed for Summit, in our view, as
private construction markets are recovering, public construction
spending is growing modestly, and domestic cement supply is
tightening. The transaction is expected to close in July 2015 and
is subject to final regulatory approval and the closing of the
Lafarge-Holcim global merger.

The Lafarge acquisition should improve overall margins for Summit
as cement generates higher margins than its aggregates and
ready-mixed concrete businesses. Summit's margins have lagged in
relation to margins typical for its business segments, but are
growing. We believe weaker margins are partially attributed to
lower-margin construction services as well as synergies not yet
realized from its recent acquisitions. EBIT margin should begin to
increase from improvements in the company's end markets and the
overall economy.

The stable outlook reflects Summits' scale, geographic
diversification and leadership position in its local markets, while
taking into account the company's debt leverage appetite and
acquisition growth strategy. The stable outlook also presumes that
the company will demonstrate organic growth over the near-term, as
evidenced by moderate increases in organic operating margins, as
well as maintain adequate liquidity to support its acquisitions and
seasonal cash flows.

Moody's indicated that the ratings could be upgraded if Summit
demonstrates healthy, organic operating performance. In addition,
the ratings could be upgraded should the company reduce adjusted
debt leverage below 5.5X and achieves adjusted EBIT to interest at
or above 1.5X, both on a sustainable basis and inclusive of Moody's
standard adjustments. For the trailing twelve months ending March
28, 2015, the company's adjusted debt-to-EBITDA and adjusted
EBIT-to-interest were 5.5x and 1.0x, respectively.

Alternatively, Moody's stated the ratings could be downgraded
should Summit's organic operating performance decline sharply due
to economic weakness or management missteps.

The principal methodology used in these ratings was Building
Materials Industry published in September 2014. Other methodologies
used include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.
Please see the Credit Policy page on www.moodys.com for a copy of
these methodologies.

Summit Materials [NYSE: SUM] is a vertically integrated
construction materials company that supplies aggregates, cement,
ready-mixed concrete and asphalt in the United States and western
Canada. Summit is a geographically diverse, aggregates-based
business of scale that offers customers a single-source provider of
construction materials and related downstream products in the
residential, nonresidential, and public infrastructure end markets.
For the trailing twelve months ending March 28, 2015, the company
generated approximately $1.25 billion in revenue.



SUMMIT MATERIALS: S&P Affirms 'B+' Corp. Credit Rating
------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B+'
corporate credit rating on Summit Materials LLC.  The outlook is
stable.

At the same time, S&P assigned its 'BB' issue-level rating to the
company's proposed $650 million term loan (two-notches above the
corporate credit rating).  The '1' recovery rating on the loan
reflects S&P's expectations of very high recovery (90% to 100%
range) in the event of a default.

Finally, S&P assigned its 'B' issue-level rating to the company's
proposed $275 million senior unsecured notes (one-notch above the
corporate credit rating), which will be issued by Summit Materials
LLC and Summit Materials Finance Corp.  The '5' recovery rating on
these notes reflects S&P's expectations of modest recovery (10% to
30%; higher end of range) in the event of a default.  S&P also
raised its issue-level rating on Summit's existing 10.5% senior
unsecured notes to 'B' from 'B-' due to its revision of the
recovery rating to '5' from '6'.

S&P expects the Davenport acquisition to further improve Summit's
EBITDA generation in 2015 and 2016.  Combined with the company's
anticipated continued appetite for acquisitions, organic growth,
and improved operating margins, S&P projects pro forma EBITDA for
2015 to exceed $250 million and 2015 leverage to be approximately
5.4x.  In addition, S&P expects interest coverage of approximately
3x and liquidity to remain adequate.

"Given the company's private equity ownership, we expect the
company to remain highly leveraged over the next 12 months, and any
positive cash flow from operations is likely to be used to help
fund additional acquisitions," said Standard & Poor's credit
analyst Pablo Garces.  "Our outlook assumes spending levels under
the Federal Highway Trust Fund will continue uninterrupted at
current levels over the next 12-24 months."

S&P considers a downgrade to be unlikely over the next 12 months
given its expectation that aggregates markets will continue to
slowly improve as states increase infrastructure spending and
residential construction continues its slow, if choppy,
improvement.  A downgrade could occur if the company materially
increased leverage on a pro forma basis to fund additional
acquisitions or if operating results unexpectedly deteriorated such
that pro forma interest coverage fell below 2x.  A long-term
failure to renew funding under the Federal Highway Program (MAP-21)
could also lead to a negative rating action, but S&P views this as
a low probability event.

S&P would consider raising its rating on Summit in the next 12
months if it is able to perform ahead of its operating performance
goals for 2015 and lowers its leverage level to below 5x on a
sustained basis.  S&P would also consider raising its rating if the
company's sponsor owners committed to selling their stake in the
company with their resulting interest representing less than 40% of
the company.  While S&P believes Summit will continue to pursue
debt-financed acquisitions as part of its strategy to expand the
scale and scope of its operations, an upgrade could occur if the
company permanently lowered debt leverage below 5x through an
additional public offering or other equity injection from its
owners.



SWEET BRIAR: S&P Lowers Rating on 2006 Refunding Bonds to 'CCC'
---------------------------------------------------------------
Standard & Poor's Ratings Services has lowered its rating on
Amherst Industrial Development Authority, Va.'s series 2006
educational facilities revenue refunding bonds, issued for Sweet
Briar College to 'CCC' from 'B-'.  The outlook is negative.
Standard & Poor's removed the rating from CreditWatch, where it had
been placed with negative implications March 3, 2015.

"The rating action reflects our view that Sweet Briar's obligations
are vulnerable to nonpayment and depend upon favorable business,
financial, or economic conditions for the college to meet its
commitment on the bonds," said Standard & Poor's credit analyst
Sussan Corson.  In S&P's view, Sweet Briar is likely to face a
liquidity crisis and nonpayment in the near term should a covenant
default or other events of default under the documents trigger
principal acceleration on bonds outstanding.  Pending litigation
could continue to delay the college's timely access to temporarily
restricted assets that it might need to accommodate potential
principal acceleration.

In early March 2014, Sweet Briar announced it will close at the end
of the current academic year.  A recent state supreme court ruling
extended a temporary injunction that restricts the college from
using certain solicited donations until June 24 and referred
litigation back to a lower court.  Pending litigation seeks to stop
Sweet Briar from closing and appoint a special fiduciary to assess
and run college operations.  The ongoing litigation adds to
uncertainty related to the timing of a potential closure and the
college's ability to manage its remaining assets to meet its
liquidity covenants and contingent liquidity obligations.

As of the end of fiscal 2014, the college had almost $26 million of
debt, including about $9 million in series 2011 debt placed
directly with a bank (not rated) and $16.5 million of series 2006
bonds.  An unconditional general obligation pledge by Sweet Briar
secures all debt.  Payments on the 2011 bank debt are due
quarterly; principal and interest payments on the series 2006
bonds, Sept. 1; and interest payments, on March 1.  S&P understands
the college had made its regularly scheduled debt service payments
through March 2015.  However, the 2011 debt includes event of
default provisions that could trigger principal acceleration,
including the college's covenant to maintain liquid assets that
cover debt 1.1x at the end of each fiscal year.  Liquid assets
include cash and investments and temporarily restricted cash and
investments as then recorded on the college's balance sheet.  As of
audited June 30, 2014, cash, unrestricted endowment assets and
temporarily restricted endowment assets covered debt outstanding by
1.69x; however, Sweet Briar does not have estimates for June 30,
2015, to confirm its ability to meet this covenant.  Should the
ratio for fiscal 2015 fall below 1.1x, S&P understands the
simultaneous violation of this liquidity covenant and a bond rating
below 'BBB' would allow for acceleration of principal on the 2011
bonds after notice of default and a 30-day cure period.  Other bond
covenants require the college to maintain its existence as a
nonprofit corporation exempt from federal income taxation, maintain
its accreditation, and maintain and operate the facilities as a
nonprofit institution of higher education.  The appointment of a
receiver or similar official for Sweet Briar could also potentially
allow for principal acceleration under bond documents.  Given the
college's plans to cease operations as well as pending litigation
that seeks to appoint a special fiduciary, S&P believes other
events default under the documents could also trigger principal
acceleration on bonds outstanding. Furthermore, bond documents for
both the series 2006 and 2011 bonds include cross-default
provisions.

The negative outlook reflects S&P's view of the ongoing uncertainty
surrounding the availability of the college's unrestricted
resources on hand to make timely payments in the event of a
principal acceleration.  In the event covenant violations or other
events trigger principal acceleration provisions and Sweet Briar is
unable to meet its obligations on time, or if the college were to
enter into a distressed exchange, S&P would lower the rating.
Should the college successfully demonstrate that it has sufficient
available resources to meet contingent liquidity risk from
principal acceleration in the next 12 months and an event of
default is unlikely, S&P could revise the outlook to stable.



TRANSUNION: Moody's Puts B2 CFR on Review for Possible Upgrade
--------------------------------------------------------------
Moody's Investors Service placed TransUnion's ratings, including
its B2 Corporate Family Rating (CFR), B2-PD Probability of Default
Rating, and the existing senior secured and senior unsecured debt
ratings under review for upgrade following the company's
announcement that it expects to complete an initial public offering
(IPO) of its common stock that will generate approximately $620
million in gross proceeds. The company intends to refinance about
$1 billion of outstanding senior unsecured notes using the net
proceeds from the IPO and $350 million of additional borrowings
under a new term loan facility.

Moody's expects to conclude the review upon the completion of the
IPO, which is expected before the end of June 2015.

RATINGS RATIONALE

If the IPO is consummated, Moody's expects TransUnion's total debt
to EBITDA (Moody's adjusted) to reduce by about 1.5 times to the
mid 5 times level. TransUnion's debt will reduce by approximately
$620 million and the company anticipates about $86 million in
interest cost savings. The reduction in interest expense, coupled
with TransUnion's organic revenue growth and declining spending on
business optimization and technology infrastructure initiatives
should increase the company's free cash flow.

Moody's review will focus on TransUnion's final capital structure,
liquidity and the company's financial policies and its plans to
continue reducing leverage while financial sponsors will still own
a majority of the voting power in the company. If TransUnion
refinances a substantial portion or the entire outstanding amounts
of the senior unsecured notes, Moody's expects the ratings for the
senior secured credit facilities to become equal to TransUnion's
CFR.

Moody's has placed the following ratings under review for upgrade:

Issuer: TransUnion (formerly known as TransUnion Holding Company,
Inc.)

   -- Corporate Family Rating -- B2

   -- Probability of Default Rating -- B2-PD

   -- $600 million 9 5/8% senior unsecured PIK toggle notes due
      2018 Caa1 (LGD5)

   -- $400 million 8 1/8% senior unsecured PIK toggle notes due
      2018 Caa1 (LGD5)

Issuer: TransUnion LLC

   -- $190 million Revolving Credit Facility due 2019 -- Ba3
      (LGD3)

   -- $1,881 million (outstanding) Term Loan due 2021 -- Ba3
      (LGD3)

Outlook actions:

Issuer: TransUnion

   -- Outlook, Changed To Rating Under Review From Stable

Issuer: TransUnion LLC

   -- Outlook, Changed To Rating Under Review From Stable

TransUnion is a leading provider of information and risk management
solutions to businesses across multiple industries, and to
individual consumers. TransUnion reported $1.35 billion in revenues
in the twelve months ended March 31, 2015.



TRIGEANT HOLDINGS: Court OKs Odfjell's Motion for Relief From Stay
------------------------------------------------------------------
The Hon. Erik P. Kimball of the U.S. Bankruptcy Court for the
Southern District of Florida granted Odfjell Tankers AS' motion for
partial relief from automatic stay in the Chapter 11 bankruptcy
case of Trigeant, Ltd.  Odfjell sought leave to continue with its
pending litigation against the Debtor in Texas state court, through
to a final no longer appealable final judgment.

Odfjell filed a proof of claim against the Debtor on Oct. 17, 2014,
in the amount of $7.85 million, which the Debtors objected in its
June 5, 2015 response because it doesn't state a claim against the
Debtor.  The proof of claim show that (i) Odfjell chartered two
ships to International Oil Shipping Co., Inc., on March 24, 2008;
and (ii) Odfjell obtained an arbitration award against IOSC in the
amount of $6.95 million plus interest, for unpaid charter hire
under the charter parties.  No document attached to the proof of
claim shows any connection between Odfjell and the Debtor, and IOSC
is not a related company to the Debtor, according to the Debtor.
The Debtor claimed that Odfjell said that the Debtor and a number
of companies owned and controlled by either (i) Harry Sargeant III
or (ii) Harry Sargeant Jr., Daniel Sargeant and James Sargeant are
liable for the unpaid hire as the alter ego of IOSC, or are
otherwise liable for claims sounding in tort arising from either
the formation of IOSC or Odfjell's entry into the charter parties.
The Debtor said that the allegations are baseless.

A copy of the Debtor's June 5, 2015 response is available for free
at http://is.gd/v3DqOy

In a response dated June 8, 2015, Odfjell said that the Debtor is
among eight defendants in the pending Texas litigation, which
includes: (a) Harry Sargeant III; (b) International Oil Shipping
Company, Inc.; (c) Sargeant Marine, Inc.; (c) Sargeant Trading
Limited Co.; (d) BTB Refining LLC; (e) Linda Collins; and (f)
Charles R. Weber Company, Inc.  A copy of Odfjell's response is
available for free at http://is.gd/Y6dpLl

Odfjell alleges that with Harry Sargeant III at the helm: (i) the
Debtor and other Sargeant entities approached Odfjell through
Odfjell's agent in Houston, Texas; (ii) induced Odfjell to charter
two chemical tankers for two years to the Sargeant Group; (iii)
created a sham corporation, International Oil Shipping Company,
Inc.; and (iv) designated IOSC as nominee to the Sargeant Group
contracts for the purpose of defrauding Odfjell.

Odfjell is represented by:

      Paul J. McMahon, Esq.
      Paul Joseph McMahon, P.A.
      The Wiseheart Building
      2840 S.W. Third Avenue
      Miami, FL 33129
      Tel.: (305) 285-1222
      Fax: (305) 858-4864

             - and -

      Eastham, Watson, Dale & Forney, LLP
      808 Travis, Suite 1300
      Houston, Texas 77002-5769
      Tel.: (512) 322-2598
      Fax: (512) 322-8340

                     About Trigeant Holdings

Trigeant, owner of a Corpus Christi, Texas oil refinery, provides
fuel and asphalt products to the housing and transportation
industries.  The company is owned by Palm Beach, Florida
billionaire Harry Sargeant III and members of his family.

On Nov. 26, 2014, Trigeant filed its first bankruptcy In re
Trigeant Ltd., 13-38580.  The case was dismissed on April 1, 2014.

Trigeant Holdings, Ltd., and Trigeant, LLC, filed Chapter 11
bankruptcy petitions (Bankr. S.D. Fla. Case Nos. 14-29027 and
14-29030, respectively) on Aug. 25, 2014, amid a dispute among
members of the Sargeant family.  Mr. Sargeant's two brothers,
Daniel and James, and his father, Harry Sargeant II, sent Trigeant
to bankruptcy to fend off Mr. Sargeant III's bid to seize control
of the company's primary asset.  The family says Mr. Sargeant III,
who has a $22 million lien against the plant through a company he
controls called BTB Refining LLC, is attempting to prevent the
refinery from operating in an effort to lower its value and obtain
ownership of it.

Trigeant Holdings estimated both assets and liabilities of
$50 million to $100 million.

Berger Singerman LLP serves as the Debtors' counsel.

The Bankruptcy Court set the general claims bar date as Oct. 17,
2014, and March 31, 2015, as the deadline by which governmental
entities must file proofs of claims.

The Debtors filed on Sept. 16, 2014, their Joint Plan of
Reorganization under Chapter 11 of the Bankruptcy Code.  The Plan
is premised on the sale of substantially all of the Debtors'
assets to Gravity Midstream Corpus Christi, LLC.  The Plan
provides that holders of Allowed Claims will be paid in full, in
cash.

The U.S. Trustee for Region 21 has not appointed a committee of
unsecured creditors.


TS EMPLOYMENT: Ch. 11 Trustee Taps Mesirow Financial as Accountant
------------------------------------------------------------------
James S. Feltman, the Chapter 11 trustee of TS Employment, Inc.,
seeks permission from the Hon. Martin Glenn of the U.S. Bankruptcy
Court for the Southern District of New York to employ Mesirow
Financial Consulting, LLC as accountant to provide accounting,
forensic, and investigatory services to the Trustee, nunc pro tunc
to Feb. 27, 2015.

The Trustee requires Mesirow Financial to:

   (a) assist in identifying and documenting estate property,
       including all tangible and intangible assets both domestic
       and international;

   (b) assist in determining the existence and status of estate
       insurance coverage;

   (c) assist the Trustee in the preparation of financial-related
       disclosures required by the Court, including the Debtor's
       Schedules of Assets and Liabilities, Statements of
       Financial Affairs, and Monthly Operating Reports;

   (d) assist with the identification of executory contracts and
       leases and performance of cost/benefit evaluations with
       respect to the affirmation or rejection of each;

   (e) prepare enterprise, asset, and liquidation valuations;

   (f) assist in the preparation and/or review of the Debtor's
       financial information, including, but not limited to,
       analyses of cash receipts and disbursements, financial
       statement items, and proposed transactions for which Court
       approval is sought;

   (g) assist in the development of investigative reports as may
       be required under section 1106(a)(4)(A) of the Bankruptcy
       Code;

   (h) assist with the analysis, tracking and reporting regarding
       cash collateral and any debtor-in-possession financing
       arrangements and budgets;

   (i) assist with identifying and implementing potential cost
       containment opportunities;

   (j) assist in the preparation and review of proposed business
       plans and the business and financial condition of the
       Debtor generally;

   (k) attend meetings and assist in discussions with potential
       investors, banks, and other secured lenders, any official
       committee(s) appointed in this Chapter 11 Case, the United
       States Trustee, the Securities and Exchange Commission, the

       Department of Justice, other parties in interest, and
       professionals hired by same, as requested;

   (l) analyze creditor claims by type, entity, and individual
       claim, including assist with the development of databases,
       as necessary, to track such claims and resolve issues
       arising there from;

   (m) assist in evaluating reorganization strategies and
       alternatives;

   (n) assist in the preparation of information and analysis
       necessary for the confirmation of a plan of reorganization
       in this Chapter 11 Case, including information contained in

       the disclosure statement, if confirmation of a plan is
       found to be advisable by the Trustee;

   (o) assist in the analysis/preparation of information necessary

       to assess the tax attributes related to the confirmation of

       a plan of reorganization in this Chapter 11 Case, including

       the development of the related tax consequences contained
       in the disclosure statement;

   (p) prepare the Debtor's post-petition tax returns and, if
       necessary and authorized by and order of the Court, prepare

       the Debtor's prepetition tax returns;

   (q) provide litigation advisory services with respect to
       accounting and tax matters, along with expert witness
       testimony on case related issues as required by the
       Trustee;

   (r) provide forensic accounting services necessary to determine

       the disposition of estate assets and assist counsel in the
       development of litigation claims which may be property of
       the estate;

   (s) provide forensic services, litigation consulting services,
       and expert witness testimony, regarding avoidance actions
       or other matters; and

   (t) render such other assistance as the Trustee or his retained
       professionals may deem necessary consistent with the role
       of a financial advisor to the extent that it would not be
       duplicative of services provided by other professionals in
       this proceeding;

Mesirow Financial will be paid at these hourly rates:

       Senior Managing Director,
       Managing Director and
       Director                        $895-$950
       Senior Vice President           $725-$795
       Vice President                  $625-$695
       Senior Associate                $495-$595
       Associate                       $295-$445
       Paraprofessional                $160-$250

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

Robert A. Crisafulli of Mesirow Financial, 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.

Mesirow Financial can be reached at:

       Robert A. Crisafulli
       MESIROW FINANCIAL CONSULTING, LLC
       405 Lexington Avenue
       The Chrysler Building
       New York, NY 10174
       Tel: +1 (212) 880-3900
       Fax: +1 (212) 661-0545

                      About TS Employment

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

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

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

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


TS EMPLOYMENT: Court Approves Togut Segal as Trustee Attorney
-------------------------------------------------------------
James S. Feltman, the Chapter 11 trustee of TS Employment, Inc.,
sought and obtained permission from the Hon. Martin Glenn of the
U.S. Bankruptcy Court for the Southern District of New York to
employ Togut, Segal & Segal LLP as his attorneys.

The Chapter 11 Trustee requires Togut Segal to:

  -- assist and advise the Trustee regarding his powers and duties

     as a trustee under section 1106 of the Bankruptcy Code;

  -- investigate the financial affairs of the Debtor and its
     insiders and affiliates, and to review and analyze all
     potential estate claims;

  -- assist in obtaining control over property of the Debtor's
     estate;

  -- assist in the retention of other necessary professionals;

  -- take all necessary actions to protect and preserve the
     interests of the Trustee and the estate, including, without
     limitation, the commencement and prosecution of actions
     deemed necessary by the Trustee, negotiations concerning all
     litigation in which the Trustee or Debtor's estate is
     involved, and review and analyze all claims filed against the

     Debtor's estate;

  -- prepare on behalf of the Trustee all necessary motions,
     applications, answers, orders, reports and papers necessary
     to the administration of the Debtor's estate;

  -- appear before this Court or any other court on matters
     concerning the interests of the Trustee and the Debtor's
     estate; and

  -- perform such other tasks as requested by the Trustee in the
     performance of his duties with respect to the Debtor's
     estate.

Togut Segal will be paid at these hourly rates:

       Partners                    $585-$935
       Associates and Counsel      $205-$645
       Paralegals and Law Clerks   $145-$295

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

Albert Togut, member of Togut Segal, 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.

Togut Segal can be reached at:

       Albert Togut, Esq.
       TOGUT, SEGAL & SEGAL LLP
       One Penn Plaza, Suite 3335
       New York, NY 10119
       Tel: (212) 594-5000

                      About TS Employment

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

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

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

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


TS EMPLOYMENT: Trustee Hires Friedman LLP as Special Accountant
---------------------------------------------------------------
James S. Feltman, the Chapter 11 trustee of TS Employment, Inc.,
seeks permission from the Hon. Martin Glenn of the U.S. Bankruptcy
Court for the Southern District of New York to employ Friedman LLP
as special accountant, nunc pro tunc to April 7, 2015.

The Trustee requires Friedman LLP to:

   (a) assist the Trustee and the Trustee's retained professionals

       in analyzing and evaluating the propriety of TSE's 2015
       payroll tax reports to be prepared by Irwin Kossoff, CPA
       (and Kosoff & Kosoff CPAs LLP) (together, "Kossoff") who is

       and was, inter alia, the preparer of TSE's payroll tax
       returns;

   (b) analyze and evaluate the propriety of TSE's other payroll
       tax reports;

   (c) assist the Trustee and his retained professionals to
       research and review payroll tax issues;

   (d) assist the Trustee and his retained professionals in
       analyzing and evaluating the propriety of TSE's other
       payroll tax reports;

   (e) assist the Trustee in preparing TSE payroll tax reports
       should it be determined that the Debtor and/or Kosoff are
       unable to prepare reports satisfactory to the Trustee;

   (f) augment services being provided by the Trustee's retained
       professionals, including providing (i) tax research and
       preparation services, (ii) financial statement audit and/or

       valuation services, and (iii) additional personnel to
       assist with the financial investigation of the Debtor and
       related parties; and

   (g) provide expert testimony in support of the work that
       Friedman performs.

Friedman LLP will be paid at these hourly rates:

       Partner                        $450-$800
       Manager, Director, Principal   $250-$440
       Staff                          $130-$240

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

Barry Sziklay, partner of Friedman 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.

Friedman LLP can be reached at:

       Robert A. Crisafulli
       FRIEDMAN LLP
       100 Eagle Rock Avenue, Suite 200
       East Hanover, NJ 07936
       Tel: (973) 929-3650
       Fax: (973) 929-3651
       E-mail: bsziklay@friedmanllp.com

                      About TS Employment

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

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

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

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


UNI-PIXEL INC: Amends $75 Million Prospectus with SEC
-----------------------------------------------------
Uni-Pixel, Inc. filed an amendment to its Form S-3 registration
statement relating to the sale, in one or more offerings, of up to
$75,000,000 in any combination of common stock, preferred stock,
warrants, and units.

Also, selling stockholders Hudson Bay Master Fund Ltd. and
Capital Ventures International may, from time to time, offer and
sell up to an aggregate of 4,159,891 shares of the Company's common
stock, which includes:

     (i) 1,867,252 shares that the selling stockholders have the
         right to receive upon the conversion of $15,000,000
         principal amount and interest on 9% Senior Secured
         Convertible Notes due April 16, 2016, which were issued
         to selling stockholders in a private placement that
         closed on April 16, 2015; and

    (ii) 425,387 shares (out of a total of 1,151,121 shares)
         issuable upon exercise of warrants the Company issued in
         conjunction with the sale of the Notes.

The Company has agreed to pay certain expenses in connection with
the registration of the shares.  The selling stockholders will pay
all underwriting discounts and selling commissions, if any, in
connection with the sale of the shares.

The Company's common stock is traded on the NASDAQ Capital Market
under the symbol "UNXL."  On June 17 , 2015, the last reported sale
price of the Company's common stock on the NASDAQ Capital Market
was $ 2.95 per share.

A full-text copy of the Form S-3/A is available for free at:

                        http://is.gd/L8X2Mf

                        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 $30.4 million in total assets,
$7.69 million in total liabilities and $22.7 million in total
shareholders' equity.


UNI-PIXEL INC: Files Financial Statements of XSense
---------------------------------------------------
Uni-Pixel filed an amendment to its Form 8-K report dated April 16,
2015, to provide the financial statements of XSense, a business
formerly within Atmel Corporation.

The Company filed the Original Report to announce the acquisition
of the XSense business pursuant to the terms of a Purchase and Sale
Agreement, a Patent License Agreement, an IP License Agreement, a
Bill of Sale and Assignment and Assumption Agreement and two leases
for real property, all of which were dated
April 16, 2015.

The combined balance sheets of the XSense business as of Dec. 31,
2014, and 2013 and the related combined statements of operations
and comprehensive loss, combined statements of changes in equity
(deficit) and combined statements of cash flows for the years ended
Dec. 31, 2014 and 2013 are available for free at:

                        http://is.gd/46vzDo
                        http://is.gd/0wtSBq

                        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 $30.4 million in total assets,
$7.69 million in total liabilities and $22.7 million in total
shareholders' equity.


UNIVAR INC: Moody's Hikes Corporate Family Rating Ratings to 'B2'
-----------------------------------------------------------------
Moody's Investors Service has upgraded Univar Inc.'s Corporate
Family Rating (CFR) and term loan ratings to B2 from B3. The
upgrade reflects the successful completion of the company's initial
public offering and a concurrent private placement of equity that
have generated new equity commitments expected to yield roughly
$790 million in gross equity proceeds to the company. The proceeds
of the offerings are intended to be used to retire the $600 million
2017 subordinated notes and $50 million 2018 subordinated notes, to
pay the equity sponsors $26 million in a consulting termination
fee, increase cash balances and to pay related fees and expenses.

At the same time, Moody's has assigned B2 ratings to the company's
new $2.05 billion Term Loan B, new EUR 250 ($277) Term Loan B, and
Caa1 to the new $400 million senior unsecured notes. Proceeds from
the new term loan and notes will be used to retire the existing
$2,676 TLB and EUR 127 ($144) TLB that were set to mature in June
2017. Moody's has also assigned an SGL-2 speculative grade
liquidity rating to Univar Inc. The outlook for the ratings is
stable.

"The use of the IPO proceeds to reduce debt will improve adjusted
leverage by roughly one full turn to roughly 5.5 times", according
to Joseph Princiotta, Moody's vice President -- Senior Analyst.
"The leverage improvement, combined with the refinancing, Univar's
scale, and ongoing cost and operational improvements warrant the
one notch upgrade to B2."

The equity raise, which will be used to repay $650 million in 10.5%
sub notes, lowers leverage by about one full turn. This
transaction, combined with the refinancing of the TLBs with new
TLBs maturing in 2022, provide the added benefits of extending
Univar's debt maturity profile and lowering interest costs by about
$75 million annually. The $1.3 billion ABL revolver is also being
extended from 2018 to 2020. The term loans will have no financial
covenants, but they will have a 50% excess cash flow sweep, which
falls away when secured leverage improves by a half turn. The term
loans have an accordion feature allowing for additional borrowings
(the greater of $650 million or the most recent 12 months of
EBITDA), plus additional amounts to be limited by a secured
leverage test (which has yet to be determined).

The following summarizes the ratings activity:

Univar Inc.

Ratings Upgraded:

Corporate Family Rating -- B2 from B3
Probability of Default Rating -- B2-PD from B3-PD
* Senior Secured Term Loan B due 2017 -- B2,LGD4 from B3, LGD4
* Senior Secured Euro Term Loan B due 2017 -- B2, LGD4 from B3,
LGD4

* these ratings will be WR upon closing of the new USD and Euro
TLBs

Assignments:

Senior Secured USD Term Loam B - B2, LGD4
Senior Secured Euro Term Loan B - B2, LGD4
Senior Unsecured Notes - Caa1, LGD5
Speculative Grade Liquidity Rating - SGL-2

Outlook Actions:

Outlook, Remains Stable

RATINGS RATIONALE

Univar's B2 Corporate Family Rating (CFR) benefits from its leading
market share in North America and large market share in Europe and
the ROW, economies of scale, long-lived customer and supplier
relationships with minimal concentration, the relatively stable
nature of historical EBITDA generation, and modest maintenance
capital expenditure requirements. The credit profile also benefits
from the favorable industry trends in outsourcing to distributors
that has resulted in the distribution business growing faster than
overall chemicals sales.

The rating also reflects modest operating margins (albeit typical
for a chemicals distributor) that allow for a minimal cushion given
the high leverage, an underperforming European business with
improving but still low margins, exposure to the energy and
chemical end markets in the US, and a history of inconsistent free
cash flow generation (as cash flow has been used to support IT and
restructuring as well as working capital investment to support
sales growth). Moreover, working capital swings can be large
reflecting seasonality in the agricultural chemicals distribution
business.

Univar's EBITDA has been relatively stable due to its well
diversified and stable end markets, with less, but still meaningful
exposure to the more volatile end markets like energy and commodity
chemicals. Food, agriculture, pharmaceuticals, coatings, adhesives,
cleaning, and personal care, which combined account for more than
half of total revenues, provide good stability to EBITDA and cash
flow generation.

Recent performance has benefited from enhanced cost control and
productivity initiatives. Warehousing, selling and administrative
costs were reduced in 2014, while Univar's European business has
seen margins improve to 3.8.%in 2014 up from 2.2% the year before
due to restructuring initiated in 2013. Continued margin
improvement and working capital control will be important to
improving free cash flow stability and generation.

Moody's expects Univar's profitability to remain relatively stable
in 2015, as top-line pressures from lower energy and commodity
chemical prices and from strong dollar headwinds are likely to be
only partially offset by lower fuel costs and cost reduction
efforts, particularly in Europe. Free cash flow in 2015 is expected
to be positive, but not substantial within the context of Univar's
high debt level.

Univar has actively used acquisitions to expand geographically,
gain exposure to new product lines and distribution systems, and to
gain economies of scale. Future acquisitions could possibly impede
or slow the pace of deleveraging.

While recent acquisition activity has been modest -- 2014
acquisitions totaled about $40 million -- Univar in the past has
made some relatively large acquisitions, such as the 2010 purchase
of BCS for approximately $690 million and purchase of Magnablend in
2012 for roughly $500 million. Univar has also made a number of
smaller bolt-on acquisitions, such as the 2011 purchases of
Eral-Protek, Arinos and businesses from The Quaron Group for
approximately $155 million in total. In the second quarter 2013,
the company purchased Quimicompuestos - a distributor in Mexico for
about $90 million.

Univar has good liquidity supported by its cash balances ($183
million as of March 31, 2015) and unused capacity under its
revolving credit facilities. The company's $1.3 billion ABL
revolver, used by its U.S. and Canadian operations, is being
refinanced with similar terms extending the maturity to 2020 from
2018. The ABL facility had $578 of unused availability as of the
March quarter. The ABL term loan of $37.5 million is being repaid
with a new $100 million ABL term loan which will mature in 2018.
The EUR 200mm ABL facility, which matures in 2019, will remain
unchanged with the new capital structure and had unused
availability of $145 million

Under the revolving credit agreements, the company has a springing
fixed charge coverage ratio (FCCR). In order to have access to the
last 10% of the face amount of the US facility or combined
borrowing base, the company would be required to maintain a FCCR in
excess of 1.00x (1.9x as of December 31, 2014).

Moody's would consider raising the rating if the company shows
improving trends in revenues, margins and working capital
management, and if it achieves adjusted leverage (Debt / EBITDA) of
less than 4.4x on a sustained basis.

Moody's would consider a downgrade if adjusted leverage were to
deteriorate to above 6.0x on a sustained basis.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013. Other
methodologies used include Loss Given Default for Speculative-Grade
Non-Financial Companies in the U.S., Canada and EMEA published in
June 2009. Please see the Credit Policy page on www.moodys.com for
a copy of these methodologies.

Univar Inc. is one of the largest global distributors of industrial
chemicals and providers of related services, operating more than
700 distribution centers serving diverse end markets in the US,
Canada and Europe. Univar's top 10 customers account for roughly
13% of sales, while its the top 10 suppliers represent roughly
one-third of expenditures. The company was taken private in October
2007, and is currently still majority owned by funds managed by CVC
Capital Partners and Clayton, Dubilier & Rice, LLC. The company had
revenues of $10.4 billion for the year ended December 31, 2014.



UNIVAR INC: S&P Affirms 'B+' CCR & Rates Term Loans 'BB-'
---------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B+'
corporate credit rating on Illinois-based chemical distributor
Univar Inc.  The outlook is stable.

At the same time, S&P assigned its 'BB-' issue-level rating and '2'
recovery rating to the company's proposed $2.05 billion and EUR250
million term loans.  The '2' recovery rating indicates S&P's
expectation for substantial (higher end of the 70% to 90% range)
recovery in the event of a payment default.  S&P is also assigning
a 'B' issue-level rating and '5' recovery rating to the company's
proposed $400 million senior unsecured notes.  The '5' recovery
rating indicates S&P's expectation for modest (lower end of the 10%
to 30% range) recovery in the event of a payment default.

"The stable outlook reflects our expectation that the recent IPO
and subsequent debt reduction should allow the company to improve
credit measures to levels in line with our expectations in 2015,"
said Standard & Poor's credit analyst Daniel Krauss.

S&P's ratings, including its issue-level ratings, are based on
preliminary terms and conditions.  S&P expects the company to use
the majority of the proceeds from the debt issuance to repay
amounts outstanding under its existing U.S. dollar-based and
euro-based term loans.  S&P plans to withdraw the ratings on the
existing debt once it has been fully repaid.

S&P's assessment of Univar's business risk profile as
"satisfactory" reflects the company's position as one of the two
largest global players in the stable but fragmented chemicals
distribution industry.  S&P's assessment of Univar's financial risk
profile as "highly leveraged" reflects the company's still majority
private equity ownership and highly leveraged credit measures.  S&P
considers Univar's liquidity to be "strong," with expected cash
sources exceeding cash uses by more than 1.5x over the next 12
months.

S&P's base case assumes that the company will continue to generate
positive free cash flow and maintain adequate liquidity.  At the
current rating S&P would expect Univar to maintain FFO to debt of
10%-12% and debt to EBITDA in the 5x to 6x range.

S&P could consider raising the ratings modestly if it expects FFO
to debt to approach 15% and debt to EBITDA to remain below 5x on a
sustained basis.  This scenario could arise if revenue grows by
over 5% annually and EBITDA margins increased by over 100 basis
points.  S&P could also consider an upgrade if the company
completed secondary equity offerings and used the proceeds to
reduce debt leverage below 5x, and S&P expected it to remain at
that level.

While less likely, S&P could lower the ratings if adjusted EBITDA
margins decline by more than 100 basis points without offsetting
volume growth.  At that point, S&P expects the company's credit
measures would weaken, including debt to EBITDA deteriorating to
above 6.5x for an extended period.  S&P could also lower the
ratings if unexpected cash outlays or aggressive financial policy
decisions significantly reduce the company's liquidity or strain
its financial profile.



VERMILLION INC: Buys 860,595 shares From Quest Diagnostics
----------------------------------------------------------
Vermillion, Inc., entered into a share repurchase agreement with
Quest Diagnostics Incorporated pursuant to which, on June 17, 2015,
the Company purchased from Quest Diagnostics 860,595 shares of
common stock of the Company, par value $0.001 per share, for a
total purchase price of $1,290,892, or $1.50 per share.  The price
per share was agreed to in principle in March 2015 and based upon a
simple average of the closing prices per share of Company common
stock for a trailing 60-day period at that time.  This price was
then reduced by a negotiated discount.

The Company distributes OVA1 through Quest Diagnostics.  Accounts
receivable from Quest Diagnostics totaled $160,000 at March 31,
2015.  In addition, pursuant to a commercial agreement with Quest
Diagnostics, dated March 11, 2015, and as amended on April 10,
2015, Quest Diagnostics has agreed to transfer all OVA1 U.S.
testing services to the Company's subsidiary, ASPiRA LABS, Inc.,
starting with 49 states in 2015, while continuing to provide blood
draw and logistics support by transporting specimens from Quest
Diagnostics' clients to ASPiRA LABS for testing through at least
March 11, 2017.

A full-text copy of the Share Repurchase Agreement is available for
free at http://is.gd/AISdua

                          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.

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.


VIRTUAL PIGGY: CFO Joseph Dwyer Resigns
---------------------------------------
Joseph Dwyer, chief financial officer of Virtual Piggy, Inc.,
informed the Company that he would be resigning from his position
effective June 19, 2015, according to a Form 8-K report filed with
the Securities and Exchange Commission.  Mr. Dwyer indicated that
he will offer his services to the Company in the near term on a
consulting basis.

                  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.

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.

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.


VISUALANT INC: Amends $10 Million Prospectus with SEC
-----------------------------------------------------
Visualant, Incorporated, filed with the Securities and Exchange
Commission an amended Form S-1 registration statement relating to
the offering $10,000,000 shares of its common stock, $0.001 par
value per share, together with warrants to purchase one share of
its common stock for each share of common stock sold in the
offering.  The Company amended the Registration Statement to
delay its effective date.

The Company's common stock is quoted on the OTCQB Marketplace,
operated by OTC Markets Group, under the symbol "VSUL".  The
Company has applied for listing of its common stock and the
warrants, to be sold in this offering on The NASDAQ Capital Market
under the symbols "VSUL" and "VSULW", respectively.  No assurance
can be given that our application will be approved.  

On June 16, 2015, the last reported sale price for its common stock
on the OTCQB Marketplace was $0.06 per share.  On May 6, 2015, the
Company's stockholders approved a reverse stock split of its common
stock, in a ratio to be determined by our board of directors, of
not less than 1-for-50 nor more than 1-for-150.  On June 9, 2015,
the Company's Board of Directors determined that the ratio of the
reverse split would be 1-for-150.  All warrant, option, share and
per share information in this prospectus gives retroactive effect
for a 1-for-150 split with all numbers rounded up to the nearest
whole share.

A full-text copy of the Form S-1/A is available for free at:

                       http://is.gd/J5DMR4

                        About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant reported a net loss of $1 million on $7.98 million of
revenue for the year ended Sept. 30, 2014, compared to a net loss
of $6.60 million on $8.57 million of revenue for the year ended
Sept. 30, 2013.

As of March 31, 2015, the Company had $3.02 million in total
assets, $6.8 million in total liabilities, all current, and a $3.78
million total stockholders' deficit.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2014.  The independent auditors noted that
the Company has sustained a net loss from operations and has an
accumulated deficit since inception.  These factors, according to
the auditors, raise substantial doubt about the Company's ability
to continue as a going concern.


VISUALANT INC: Implements 1-for-150 Reverse Stock Split
-------------------------------------------------------
Visualant, Inc., announced its 1-for-150 reverse split of its
common stock became effective at the beginning of trading June 17,
2015.

The Common Stock will be reported for 20 business days under the
temporary ticker symbol "VSULD" with the "D" added to signify that
the reverse stock split has occurred.  After 20 business days, the
symbol will revert to the original symbol of "VSUL."  In connection
with the reverse stock split, the CUSIP number for the Common Stock
has been changed to 928449 206.

American Stock Transfer and Trust Company, LLC is acting as
exchange agent for the Reverse Stock Split and will send
instructions to stockholders of record who hold stock certificates
regarding the exchange of certificates for Common Stock.
Stockholders who hold their shares in brokerage accounts or "street
name" are not required to take any action to effect the exchange of
their shares following the Reverse Stock Split.  American Stock
Transfer and Trust Company may be reached for questions at
877-248-6417 or 718-921-8317.

                       About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant reported a net loss of $1 million on $7.98 million of
revenue for the year ended Sept. 30, 2014, compared to a net loss
of $6.60 million on $8.57 million of revenue for the year ended
Sept. 30, 2013.

As of March 31, 2015, the Company had $3.02 million in total
assets, $6.8 million in total liabilities, all current, and a $3.78
million total stockholders' deficit.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2014.  The independent auditors noted that
the Company has sustained a net loss from operations and has an
accumulated deficit since inception.  These factors, according to
the auditors, raise substantial doubt about the Company's ability
to continue as a going concern.


WARNER MUSIC: COO Wiesenthal Agrees to Step Down
------------------------------------------------
Robert S. Wiesenthal and Warner Music Group Corp. have mutually
agreed that Mr. Wiesenthal will be stepping down from his role as
chief operating officer of the Company as of June 30, 2015.

According to a document filed with the Securities and Exchange
Commission, Mr. Wiesenthal has agreed to remain employed by the
Company in a consulting capacity until Sept. 30, 2015.  During the
period from July 1, 2015, through the Separation Date, Mr.
Wiesenthal will not serve as an employee of the Company or any of
its affiliates, but will be available as needed, on a non-exclusive
basis, to provide such assistance and information as the Company
may reasonably request.

In order to implement their mutual agreement, the Company and Mr.
Wiesenthal have agreed as follows, as set out in the Agreement:

   * Mr. Wiesenthal will receive base salary at his current rate
     through Sept. 30, 2015;

   * Mr. Wiesenthal will receive a severance payment of $750,000
     to be paid at his current salary rate following Sept. 30,
     2015;

   * Mr. Wiesenthal will be eligible to receive an annual bonus
     for the Company's 2015 fiscal year, in an amount to be
     determined by the Company in its discretion, based on factors

     including the strength of his performance and the performance
     of the Company, and prorated to reflect the months elapsed
     during such fiscal year prior to the start of the Transition
     Period.  Payment of any discretionary bonus amount will be
     made at the same time as annual bonuses for Company's fiscal
     year 2015 are paid to Company employees generally, but not
     later than March 15, 2016;

   * Mr. Wiesenthal will receive an Annual FCF Bonus of $102,466,
     which will be paid to him not later than Dec. 31, 2015; and

   * With respect to Mr. Wiesenthal's equity units under the FCF
     Plan:

      -- Deferred Equity Units will be settled for a cash payment
         of $303,264, which will be paid not later than Dec. 31,
         2015;

      -- Special Deferred Equity Units, 100% of which are unvested
         as of June 30, 2015, will be forfeited as of June 30,
         2015, with no consideration payable therefor;

      -- Outstanding Vested Matching Equity Units will be settled

         for a cash payment of $72,931, which will be paid within
         90 days following the Separation Date; and

      -- Remaining Unvested Matching Equity Units will be
         forfeited as of June 30, 2015, with no consideration
         payable therefor.

                     About Warner Music Group

Based in New York, Warner Music Group Corp. (NYSE: WMG)
-- http://www.wmg.com/-- was formed by a private equity
consortium of investors on Nov. 21, 2003.  The Company is the
direct parent of WMG Holdings Corp., which is the direct parent of
WMG Acquisition Corp.  WMG Acquisition Corp. is one of the world's
major music-based content companies and the successor to
substantially all of the interests of the recorded music and music
publishing businesses of Time Warner Inc.

The Company classifies its business interests into two fundamental
operations: Recorded Music and Music Publishing.  The Company's
Recorded Music business primarily consists of the discovery and
development of artists and the related marketing, distribution and
licensing of recorded music produced by such artists.  The
Company's Music Publishing operations include Warner/Chappell, its
global Music Publishing company, headquartered in New York with
operations in over 50 countries through various subsidiaries,
affiliates and non-affiliated licensees.

In May 2011, Warner Music Group Corp. and Access Industries, the
U.S.-based industrial group, announced the execution of a
definitive merger agreement under which Access Industries will
acquire WMG in an all-cash transaction valued at $3.3 billion.
The purchase includes WMG's entire recorded music and music
publishing businesses.

On July 20, 2011, the Company notified the New York Stock
Exchange, Inc., of its intent to remove the Company's common stock
from listing on the NYSE and requested that the NYSE file with the
SEC an application on Form 25 to report the delisting of the
Company's common stock from the NYSE.  On July 21, 2011, in
accordance with the Company's request, the NYSE filed the Form 25
with the SEC in order to provide notification of that delisting
and to effect the deregistration of the Company's common stock
under Section 12(b) of the Securities Exchange Act of 1934, as
amended.  On August 2, 2011, the Company filed a Form 15 with the
SEC in order to provide notification of a suspension of its duty
to file reports under Section 15(d) of the Exchange Act.  The
Company continues to file reports with the SEC pursuant to the
Exchange Act in accordance with certain covenants contained in the
instruments governing the Company's outstanding indebtedness.

As of March 31, 2015, the Company had $5.66 billion in total
assets, $5.39 billion in total liabilties and $276 million in total
equity.

                           *    *     *

As reported by the TCR on March 28, 2014, Standard & Poor's
Ratings Services affirmed its 'B+' corporate credit rating on
recorded music and music publishing company Warner Music Group
Corp. (WMG).  S&P's rating and negative outlook reflect continued
uncertainty surrounding industry wide revenue and profitability
trends affecting WMG over the intermediate term, despite recent
signs of stabilization in the industry.


WAVE SYSTEMS: Stockholders Re-Elect Four Directors
--------------------------------------------------
Wave Systems Corp. held its annual meeting on June 18, 2015, at
which the stockholders:

   (1) re-elected Stephen R. Cheheyl, David Cote, Lorraine Hariton
       and William M. Solms as directors to hold office until the  

       next Annual Meeting and until their successors are duly
       elected and qualified;

   (2) approved the Wave Systems Corp. 2015 Long-Term Incentive
       Plan;

   (3) approved the amendment to the Wave Systems Corp. Amended
       and Restated 1994 Employee Stock Option Plan increasing the
       limit on the number of shares that may be subject to stock
       options awarded to an employee in any fiscal year and
       expanding the class of eligible participants;

   (4) approved, on a non-binding advisory basis, the compensation
       of the Company's named executive officers; and

   (5) ratified the appointment of KPMG LLP as the Company's
       independent registered public accounting firm for 2015.

Due to Mr. Nolan Bushnell not receiving the required majority vote
for re-election to the Board, Mr. Bushnell has tendered his
resignation to the Board in accordance with the Company's Director
Resignation Policy.  Accordingly, the Company's Nominating and
Governance Committee will determine whether to accept or reject Mr.
Bushnell's tendered resignation and will submit such recommendation
for consideration by the Board.  Subject to applicable legal and
regulatory requirements, the Board will act on the recommendation
of the Nominating Committee, and publicly disclose its decision
regarding whether Mr. Bushnell's resignation has been accepted.

                 Suspends Option and Director Plans

The Company filed post-effective amendments relating to the
following registration statements on Form S-8:

  * File No. 333-194769, filed with the Securities and Exchange
    Commission on March 24, 2014, pertaining to the registration
    of 5,000,000 shares of the Company's Class A Common Stock, par
    value $0.01 per share, issuable under the Company's Amended
    and Restated 1994 Employee Stock Option Plan, as amended;

  * File No. 333-178128, filed with the Commission on Nov. 22,
    2011, pertaining to the registration of 5,000,000 shares of
    Class A Common Stock, issuable under the Option Plan;

  * File No. 333-164320, filed with the Commission on Jan. 13,
    2010, pertaining to the registration of 3,500,000 shares of
    Class A Common Stock, issuable under the Option Plan;

  * File No. 333-144147, filed with the Commission on June 28,
    2007, pertaining to the registration of 5,000,000 shares of
    Class A Common Stock, issuable under the Option Plan;

  * File No. 333-69041, filed with the Commission on Dec. 16,
    1998, pertaining to the registration of 6,000,000 shares of
    Class A Common Stock, issuable under the Option Plan;

  * File No. 333-11611, filed with the Commission on Sept. 9,
    1996, pertaining to the registration of 1,000,000 shares of
    Class A Common Stock, issuable under the Option Plan;

  * File No. 33-97612, filed with the Commission on Oct. 2, 1995,
    pertaining to the registration of 1,000,000 shares of Class A
    Common Stock, issuable under the Option Plan;

  * File No. 333-144147, filed with the Commission on June 28,
    2007, pertaining to the registration of 666,667 shares of the
    Company's Class A Common Stock, par value $0.01 per share,
    issuable under the Company's Amended and Restated 1994 Non-
    Employee Directors Stock Option Plan, as amended;

  * File No. 333-68911, filed with the Commission on Dec. 15,
    2008, pertaining to the registration of 500,000 shares of
    Class A Common Stock, issuable under the Directors Plan; and

  * File No. 333-11609, filed with the Commission on Sept. 9,
    1996, pertaining to the registration of 500,000 shares of
    Class A Common Stock, issuable under the Directors Plan.

The Company deregisters an aggregate of 2,356,079 shares of Class A
Common Stock that were previously authorized to be issued under the
Option Plan, but as of April 24, 2015, were not issued and were not
subject to outstanding awards granted under the Option Plan.

The Company also deregisters an aggregate of 101,292 shares of
Class A Common Stock that were previously authorized to be issued
under the Directors Plan, but as of April 24, 2015, were not issued
and were not subject to outstanding awards granted under the
Directors Plan.

The Company is concurrently filing a Registration Statement on Form
S-8 to register 6,357,371 shares of Class A Common Stock for offer
or sale pursuant to the 2015 Plan, including the Unused Shares and
shares that were previously authorized to be issued under its
Amended and Restated 1994 Non-Employee Directors Stock Option Plan,
as amended.  A copy of the prospectus is available for free at
http://is.gd/E90ebX

                        About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products
for hardware-based digital security, including security
applications and services that are complementary to and work with
the specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $12.9 million in 2014, a net
loss of $20.3 million in 2013 and a net loss of $34 million in
2012.

As of March 31, 2014, the Company had $8.74 million in total
assets, $17.1 million in total liabilities and a $8.37 million
total stockholders' deficit.

KPMG LLP, in Hartford, Connecticut, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that
Wave Systems Corp. has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern.


WBH ENERGY: Castlelake Withdraws Bid for Relief From Stay
---------------------------------------------------------
CL III Funding Holding Company, LLC (Castlelake) notified the U.S.
Bankruptcy Court for the Western District of Texas that it has
withdrawn its motion for relief from automatic stay to foreclose on
collateral owned by the Debtor and exercise its rights under loan
agreements and collateral documents.

Castlelake is represented by:

      Snow Spence Green LLP
      Kenneth Green, Esq.
      Phil Snow, Esq.
      2929 Allen Parkway, Suite 2800
      Houston, Texas 77019
      Tel: (713) 335-4800
      Fax: (713) 335-4848

                         About WBH Energy

WBH Energy Partners LLC (Bankr. W.D. Tex. Case No. 15-10004) and
its affiliates -- WBH Energy, LP (Bankr. W.D. Tex. Case No.
15-10003) and WBH Energy GP, LLC (Bankr. W.D. Tex. Case No.
15-10005) separately filed for Chapter 11 bankruptcy protection on
Jan. 4, 2015.  The petitions were signed by Joseph S. Warnock, vice
president.

Judge Christopher Mott presides over WBH Energy, LP's case, while
Judge Tony M. Davis presides over WBH Energy Partners' and WBH
Energy GP's cases.

William A. (Trey) Wood, III, Esq., at Bracewell & Giuliani LLP,
serves as the Debtors' bankruptcy counsel.

WBH Energy, LP, and WBH Energy Partners estimated their assets and
liabilities at between $10 million and $50 million each.  WBH
Energy, LP disclosed $557,045 plus an unknown amount and
$48,950,652 in liabilities as of the Chapter 11 filing.  WBH
Energy GP estimated its assets at up to $50,000, and its
liabilities at between $10 million and $50 million.

The U.S. Trustee for Region 7 appointed seven creditors to serve on
the official committee of unsecured creditors.


WEST CORP: Has Secondary Offering of 7 Million Common Shares
------------------------------------------------------------
West Corporation announced an underwritten public offering of
7,000,000 shares of common stock by certain of its existing
stockholders.  All of the shares of common stock in the offering
will be sold by investors related to Thomas H. Lee Partners, L.P.
and Quadrangle Group LLC.  The selling stockholders anticipate
granting an option to the underwriter to purchase an additional
1,050,000 shares owned by them.  The underwriter may offer for sale
the shares of common stock from time to time on the Nasdaq Global
Select Market, in the over-the-counter market, or in one or more
negotiated transactions at a fixed price or prices, which may be
changed.  Neither the Company nor the Company's management is
selling any shares of common stock in the offering, and the Company
will not receive any proceeds from the offering by the selling
stockholders.

In addition, the Company announced that it has entered into an
agreement with the selling stockholders to repurchase 1,000,000
shares of common stock from the selling stockholders in a private
transaction, concurrently with the closing of the offering, at the
price at which the shares of common stock are sold to the
underwriter in the offering.  The closing of the share repurchase
is contingent on, and expected to occur simultaneously with, the
closing of the offering, subject to the satisfaction of other
customary conditions.  The closing of the offering is not
contingent on the closing of the share repurchase.

The underwriter of the offering is Morgan Stanley.

A shelf registration statement (including prospectus) relating to
these securities was filed and became effective with the Securities
and Exchange Commission on March 9, 2015.  Information about the
offering is available in the preliminary prospectus supplement,
which will be filed with the SEC.  Copies of the preliminary
prospectus supplement and the accompanying prospectus relating to
the offering may be obtained by contacting Morgan Stanley & Co.
LLC, Attn: Prospectus Department: 180 Varick Street, 2nd Floor, New
York, NY 10014, by telephone at (866) 718-1649 or by emailing
prospectus@morganstanley.com.

                      About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with
services that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corp reported net income of $158 million in 2014 following
net income of $143 million in 2013.

As of March 31, 2015, the Company had $3.54 billion in total
assets, $4.19 billion in total liabilities, and a $648 million
total stockholders' deficit.

                         Bankruptcy Warning

"Our failure to comply with these debt covenants may result in an
event of default which, if not cured or waived, could accelerate
the maturity of our indebtedness.  If our indebtedness is
accelerated, we may not have sufficient cash resources to satisfy
our debt obligations and we may not be able to continue our
operations as planned.  If our cash flows and capital resources are
insufficient to fund our debt service obligations and keep us in
compliance with the covenants under our Amended Credit Agreement or
to fund our other liquidity needs, we may be forced to reduce or
delay capital expenditures, sell assets or operations, seek
additional capital or restructure or refinance our indebtedness
including the notes.  We cannot ensure that we would be able to
take any of these actions, that these actions would be successful
and would permit us to meet our scheduled debt service obligations
or that these actions would be permitted under the terms of our
existing or future debt agreements, including our Senior Secured
Credit Facilities and the indenture that governs the notes.  The
Amended Credit Agreement and the indenture that governs the notes
restrict our ability to dispose of assets and use the proceeds from
the disposition.  As a result, we may not be able to consummate
those dispositions or use the proceeds to meet our debt service or
other obligations, and any proceeds that are available may not be
adequate to meet any debt service or other obligations then due.

If we cannot make scheduled payments on our debt, we will be in
default, and as a result:

   * our debt holders could declare all outstanding principal and
     interest to be due and payable;

   * the lenders under our Senior Secured Credit Facilities could
     terminate their commitments to lend us money and foreclose
     against the assets securing our borrowings; and

   * we could be forced into bankruptcy or liquidation," the
     Company said in its quarterly report for the period ended
     March 31, 2015.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


WPCS INTERNATIONAL: Alpha Capital Reports 9.9% Stake as of June 19
------------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Alpha Capital Anstalt disclosed that as of June 19,
2015, it beneficially owned 108,234 shares of common stock of
WPCS International Incorporated, which represents 9.99 percent of
the shares outstanding.

The 108,234 represents the maximum amount of shares that Alpha
Capital Anstalt can beneficially control under a contractually
stipulated 9.99% ownership restriction.  The full conversion and/or
exercise of Alpha Capital's securities would exceed this
limitation.

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

                       http://is.gd/nfvtW1

              About WPCS International Incorporated

WPCS -- http://www.wpcs.com/-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

WPCS International incurred a net loss attributable to common
shareholders of $11.2 million for the year ended April 30, 2014,
as compared with a net loss attributable to common shareholders of
$6.91 million for the year ended April 30, 2013.

As of Jan. 31, 2015, the Company had $14.8 million in total assets,
$14.8 million in total liabilities and a $36,000 total deficit.

Marcum LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the
year ended April 30, 2014.  The independent auditing firm
noted that the Company has incurred significant losses and needs
to raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


XENONICS HOLDINGS: Incurs $68K Net Loss in Q2 Ending March 31
-------------------------------------------------------------
Xenonics Holdings, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $68,000 on $493,000 of revenues for the
three months ended March 31, 2015, compared with a net loss of
$576,000 on $16,000 of revenues for the same period last year.

The Company's balance sheet at Mar. 31, 2015, showed $1.75 million
in total assets, $5.68 million in total liabilities, and a
stockholders' deficit of $3.93 million.

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

                        http://is.gd/GBxl5x

Carlsbad, California-based Xenonics Holdings, Inc., designs,
manufactures and markets high-end, high-intensity portable
illumination products and low light viewing systems (night
vision).

SingerLewak LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company has
historically suffered recurring losses from operations, has a
substantial accumulated deficit and has limited revenues.

The Company reported a net loss of $2.6 million on $830,000 of net
revenues for the fiscal year ended Sept. 30, 2014, compared with a
net loss of $1.54 million on $2.38 million of net revenues during
the prior year.

The Company's balance sheet at Sept. 30, 2014, showed $2.28 million
in total assets, $4.55 million in total liabilities, and a
stockholders' deficit of $2.26 million.



XZERES CORP: Ravago Holdings Reports 16.8% Stake as of June 9
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Ravago Holdings America Inc. disclosed that as of June
9, 2015, it beneficially owned 12,272,423 shares of common stock of
Xzeres Corp., which represents 16.86 percent based upon 72,768,897
shares of common stock of Xzeres Corp. issued and outstanding on
April 6, 2015.

On June 9, 2015, in a private placement transaction, Ravago
invested an additional $3,620,000 in the Company in exchange for
1,810 shares of Series B Participating Preferred Stock, with
$301,650 of that purchase price satisfied pursuant to the
conversion of a Demand Convertible Subordinated Secured Promissory
Note dated as of May 27, 2015, issued by Xzeres and the remaining
balance provided in cash from the Reporting Person's available
funds.

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

                        http://is.gd/5RkFXv

                         About XZERES Corp.

Headquartered in Wilsonville, Oregon, XZERES Corp. designs,
develops, and markets distributed generation, wind power systems
for the small wind (2.5kW-100kW) market as well as power
management solutions.

XZERES reported a net loss of $9.49 million for the year ended
Feb. 28, 2014, as compared with a net loss of $7.59 million for
the year ended Feb. 28, 2013.

As of Nov. 30, 2014, the Company had $9.82 million in assets, $18.2
million in liabilities and a $8.37 million stockholders' deficit.

Silberstein Ungar, PLLC, in Bingham Farms, Michigan, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Feb. 28, 2014.  The independent
auditors noted that the Company has incurred losses from
operations, has negative working capital, and is in need of
additional capital to grow its operations so that it can become
profitable.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


ZOGENIX INC: Stockholders Elect Two Directors
---------------------------------------------
Zogenix, Inc., held its annual meeting of stockholders on June 18,
2015, at which the stockholders elected James B. Breitmeyer, M.D.,
Ph.D. and Stephen J. Farr, Ph.D., as directors for a three-year
terms to expire at the 2018 annual meeting of stockholders;
ratified the selection of Ernst & Young LLP as the Company's
independent registered public accounting firm for the fiscal year
ending Dec. 31, 2015; and approved an amendment to the Company's
Fifth Amended and Restated Certificate of Incorporation, as
amended, to effect a reverse stock split of the Company's common
stock at a ratio of 1-for-8, and a change in the number of
authorized shares of the Company's common stock to 50,000,000
shares, subject to the Board of Directors' authority to abandon
such amendment.

The Company's Board of Directors has determined to implement the
reverse stock split effective July 1, 2015, at 8:00 am Eastern
time.

                        About Zogenix Inc.

Zogenix, Inc. (NASDAQ: ZGNX), with offices in San Diego and
Emeryville, California, is a pharmaceutical company
commercializing and developing products for the treatment of
central nervous system disorders and pain.

Zogenix reported net income of $8.58 million in 2014 following a
net loss of $80.85 million in 2013.

As of March 31, 2015, the Company had $180 million in total assets,
$146 million in total liabilities, and $34.3 million in total
stockholders' equity.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2014, citing that the Company's
recurring losses from operations and negative cash flows from
operating activities raise substantial doubt about its ability to
continue as a going concern.


[*] Dorsey's Peggy Hunt Elected to Utah Bar Foundation Board
------------------------------------------------------------
International law firm Dorsey & Whitney LLP on June 17 disclosed
that Peggy Hunt, a partner in the Firm's Salt Lake City office, has
been elected to the Board of Directors for the Utah Bar
Foundation.

Ms. Hunt has been working in the area of bankruptcy and
receivership law for more than 25 years and is a Fellow in the
American College of Bankruptcy.  She serves as a Panel Chapter 7
trustee for the District of Utah, and has represented distressed
companies, creditors, equity holders and Chapter 11 and 7 trustees
in all aspects of the workout, restructuring and liquidating
process, including in related litigation.  Ms. Hunt also serves as
lead counsel to trustees and equity receivers appointed in some of
the largest Ponzi and securities fraud cases in Utah.

"Peggy is dedicated to her colleagues and community, as
demonstrated by her active role in numerous professional and civic
organizations," said Dorsey Managing Partner Ken Cutler.  "She is a
tremendous attorney and leader who can truly aid the Utah Bar
Foundation in achieving its goals as she serves on its Board."

The Utah Bar Foundation is a non-profit corporation that funds
programs that improve the administration of justice, provides for
law-related education, and increases access to justice for the poor
and disabled in Utah.  Since 1983, the Utah Bar Foundation has made
more than $5 million in grants to Utah non-profits that meet its
mission.

                    About Dorsey & Whitney LLP

Clients have relied on Dorsey since 1912 as a valued business
partner.  With locations across the United States and in Canada,
Europe and the Asia-Pacific region, Dorsey provides an integrated,
proactive approach to its clients' legal and business needs.
Dorsey represents a number of the world's most successful companies
from a wide range of industries, including leaders in the banking,
energy, food and agribusiness, health care, mining and natural
resources, and public-private project development sectors, as well
as major non-profit and government entities.



[*] Easterly Gov't Acquires Thad Cochran Bankruptcy Courthouse
--------------------------------------------------------------
Easterly Government Properties, Inc., a fully integrated real
estate investment trust focused primarily on the acquisition,
development and management of Class A commercial properties leased
to the U.S. Government, on June 18 disclosed that it has closed on
the acquisition of the 46,979-square foot Thad Cochran U.S.
Bankruptcy Courthouse in Aberdeen, Mississippi, at a purchase price
of $14.1 million.  This is Easterly's second acquisition since the
close of its $207 million initial public offering on February 11,
2015.

"The Bankruptcy Court in the Aberdeen Division within the Northern
District of Mississippi is a busy federal court with a full docket
of active cases," said William C. Trimble III, Chief Executive
Officer of Easterly Government Properties, Inc.  "We are pleased to
play a supporting role in the federal administration of justice in
this part of the Fifth Circuit, and we look forward to expanding
our footprint with the Federal Judiciary through the potential
acquisition of other federal courthouses."

The acquisition marks the third U.S. Federal courthouse in the
Easterly portfolio.  The Cochran Courthouse is a modern building in
terms of court functionality and security, expressed in the stately
form of a Greco-Roman classical design.  Built in 2005 to the
exacting standards of the U.S. Courts Design Guide, it is fully
compliant with the Judiciary's needs in terms of security, space
sizes and function, and circulation patterns for the public and
judicial officers.  The property is leased to the GSA with 10 years
remaining on an initial 20-year lease.

"Our second acquisition as a public company highlights the
opportunities we continue to capture, enabling us to further build
our portfolio of mission-critical U.S. Government-leased
properties," said Darrell Crate, Chairman of Easterly Government
Properties, Inc.  "Our pipeline of acquisition opportunities
continues to be robust and our underwriting remains disciplined.
This positions us well to deliver on expectations with the goal of
materially growing earnings through accretive acquisitions in the
U.S. Government-leased property market."

             About Easterly Government Properties, Inc.

Easterly Government Properties, Inc. -- http://www.easterlyreit.com
-- is based in Washington, D.C., and focuses primarily on the
acquisition, development and management of Class A commercial
properties that are leased to the U.S. Government.  Easterly's
experienced management team brings specialized insight into the
strategy and needs of mission-critical U.S. Government agencies for
properties leased through the U.S. General Services Administration
(GSA).


[*] Recovered Asset Advisors to Assist Companies to Reclaim Money
-----------------------------------------------------------------
With bankruptcies becoming increasingly common, it's no surprise
that many of the issues surrounding their aftermath are surrounded
in bureaucracy.  One area in particular, that many people are quite
unaware of, is the fact that there's often money that's left
unclaimed in the years and months that follow a bankruptcy that
both debtors and creditors can claim.  Recovered Asset Advisors,
experts in this area, recently announced their service in assisting
individuals and companies discover and reclaim this money owed to
them by the Federal government. Clients have responded with
enthusiasm.

"Our goal is to make clients aware of the money that's due to them
and to assist them in claiming it after a bankruptcy," commented a
spokesperson from Recovered Asset Advisors.  "The motivation for
the Federal government to find these people on their own and
reimburse them in clearly low, so we feel our service is an
important way to help individuals get what they are rightly owed."

Recovered Asset Advisors operates a comprehensive database as to
who is owed bankruptcy related funds, where the funds are located
and how to claim the funds quickly and simply.

According to the company, they offer a number of packages to help
clients in this area; they are set up depending on an individual's
or company's particular situation and needs.  Their introduction
Database Search is priced at only $9.95, which provides a
verification of bankruptcy funds available and is often enough for
an individual or company to begin the claimant process for the
money they are owed by the Federal government.



[^] BOND PRICING: For the Week from June 15 to 19, 2015
-------------------------------------------------------
   Company              Ticker  Coupon Bid Price  Maturity Date
                        ------  ------ ---------  -------------
Affinion
  Investments LLC       AFFINI    13.5      46.5      8/15/2018
Alpha Appalachia
  Holdings Inc          ANR       3.25     65.95       8/1/2015
Alpha Natural
  Resources Inc         ANR          6    10.936       6/1/2019
Alpha Natural
  Resources Inc         ANR        7.5      24.5       8/1/2020
Alpha Natural
  Resources Inc         ANR       9.75        10      4/15/2018
Alpha Natural
  Resources Inc         ANR       6.25     10.25       6/1/2021
Alpha Natural
  Resources Inc         ANR       3.75     14.25     12/15/2017
Alpha Natural
  Resources Inc         ANR      4.875      8.25     12/15/2020
Alpha Natural
  Resources Inc         ANR        7.5     22.75       8/1/2020
Alpha Natural
  Resources Inc         ANR        7.5    25.125       8/1/2020
Altegrity Inc           USINV       13        48       7/1/2020
Altegrity Inc           USINV       14      42.5       7/1/2020
Altegrity Inc           USINV       14        35       7/1/2020
American Eagle
  Energy Corp           AMZG        11    29.625       9/1/2019
American Eagle
  Energy Corp           AMZG        11    29.625       9/1/2019
Arch Coal Inc           ACI          7      16.2      6/15/2019
Arch Coal Inc           ACI       7.25        15      6/15/2021
Arch Coal Inc           ACI      9.875     22.22      6/15/2019
Arch Coal Inc           ACI       7.25    26.867      10/1/2020
Arch Coal Inc           ACI          8     25.25      1/15/2019
Arch Coal Inc           ACI          8      25.5      1/15/2019
BPZ Resources Inc       BPZR       8.5        14      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR         10        28     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR        6.5    39.602       6/1/2016
Caesars Entertainment
  Operating Co Inc      CZR      12.75     25.75      4/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      10.75     27.25       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR         10    27.563     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR       5.75    38.563      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR       5.75     12.25      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR         10    27.125     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      10.75    26.875       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR         10     27.25     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR         10    27.125     12/15/2018
Cal Dive
  International Inc     CDVI         5         5      7/15/2017
Champion
  Enterprises Inc       CHB       2.75      0.25      11/1/2037
Chassix Holdings Inc    CHASSX      10         8     12/15/2018
Chassix Holdings Inc    CHASSX      10         8     12/15/2018
Chassix Holdings Inc    CHASSX      10         8     12/15/2018
Claire's Stores Inc     CLE       10.5    62.288       6/1/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF    8.75    27.155     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF    8.75    26.125     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF    8.75    26.125     11/15/2017
Comcast Corp            CMCSA      5.9    102.68      3/15/2016
Community Choice
  Financial Inc         CCFI     10.75    46.875       5/1/2019
Consolidated
  Communications Inc    CNSL    10.875   114.382       6/1/2020
Dendreon Corp           DNDN     2.875        69      1/15/2016
Endeavour
  International Corp    END         12      11.5       3/1/2018
Endeavour
  International Corp    END         12     10.75       3/1/2018
Endeavour
  International Corp    END         12     10.75       3/1/2018
Energy & Exploration
  Partners Inc          ENEXPR       8      32.5       7/1/2019
Energy Conversion
  Devices Inc           ENER         3     7.875      6/15/2013
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU         10      5.25      12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU         10     5.375      12/1/2020
Energy XXI
  Gulf Coast Inc        EXXI      7.75        38      6/15/2019
FBOP Corp               FBOPCP      10     1.843      1/15/2009
FairPoint
  Communications
  Inc/Old               FRP     13.125     1.879       4/2/2018
Federal Farm
  Credit Banks          FFCB       3.3     100.1      6/26/2024
Federal Home
  Loan Banks            FHLB       1.5      99.4      6/26/2024
Federal Home Loan
  Mortgage Corp         FHLMC        2       100     12/24/2020
Federal Home Loan
  Mortgage Corp         FHLMC     1.75     99.78      6/26/2020
Federal Home Loan
  Mortgage Corp         FHLMC        2    99.595      6/26/2020
Federal National
  Mortgage Association  FNMA      0.65     99.51      9/26/2016
Federal National
  Mortgage Association  FNMA       1.5   100.008      9/24/2018
Federal National
  Mortgage Association  FNMA      0.75       100     12/23/2016
Fleetwood
  Enterprises Inc       FLTW        14     3.557     12/15/2011
GT Advanced
  Technologies Inc      GTAT         3     29.25      10/1/2017
Gevo Inc                GEVO       7.5      59.5       7/1/2022
Goodrich
  Petroleum Corp        GDP          5    48.925      10/1/2032
Gymboree Corp/The       GYMB     9.125     43.86      12/1/2018
Hercules Offshore Inc   HERO     10.25     34.25       4/1/2019
Hercules Offshore Inc   HERO     10.25     34.75       4/1/2019
Hercules Offshore Inc   HERO      8.75        34      7/15/2021
James River Coal Co     JRCC     3.125     0.256      3/15/2018
Las Vegas Monorail Co   LASVMC     5.5      0.01      7/15/2019
Lehman Brothers
  Holdings Inc          LEH          5      9.25       2/7/2009
Lehman Brothers
  Holdings Inc          LEH          4      9.25      4/30/2009
MF Global
  Holdings Ltd          MF        6.25     32.75       8/8/2016
MF Global
  Holdings Ltd          MF       1.875        20       2/1/2016
MF Global
  Holdings Ltd          MF           9        20      6/20/2038
MF Global
  Holdings Ltd          MF       3.375        32       8/1/2018
MModal Inc              MODL     10.75    10.125      8/15/2020
Magnetation LLC /
  Mag Finance Corp      MAGNTN      11        31      5/15/2018
Magnetation LLC /
  Mag Finance Corp      MAGNTN      11        35      5/15/2018
Magnetation LLC /
  Mag Finance Corp      MAGNTN      11    29.625      5/15/2018
MarkWest Energy
  Partners LP /
  MarkWest Energy
  Finance Corp          MWE        6.5     104.5      8/15/2021
Molycorp Inc            MCP         10     35.73       6/1/2020
Molycorp Inc            MCP          6      2.85       9/1/2017
Molycorp Inc            MCP       3.25         1      6/15/2016
Molycorp Inc            MCP        5.5     2.575       2/1/2018
NII Capital Corp        NIHD     7.625    25.688       4/1/2021
NII Capital Corp        NIHD        10    47.875      8/15/2016
OMX Timber Finance
  Investments II LLC    OMX       5.54        19      1/29/2020
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Quicksilver
  Resources Inc         KWKA     9.125     14.25      8/15/2019
Quicksilver
  Resources Inc         KWKA        11      14.5       7/1/2021
RadioShack Corp         RSH       6.75     3.125      5/15/2019
RadioShack Corp         RSH       6.75     2.623      5/15/2019
RadioShack Corp         RSH       6.75     2.623      5/15/2019
SM Energy Co            SM       6.625    103.38      2/15/2019
Sabine Oil & Gas Corp   SOGC      7.25      21.5      6/15/2019
Sabine Oil & Gas Corp   SOGC      9.75        15      2/15/2017
Sabine Oil & Gas Corp   SOGC       7.5        18      9/15/2020
Sabine Oil & Gas Corp   SOGC       7.5    19.125      9/15/2020
Sabine Oil & Gas Corp   SOGC       7.5    19.125      9/15/2020
Samson Investment Co    SAIVST    9.75         6      2/15/2020
Saratoga Resources Inc  SARA      12.5      12.1       7/1/2016
TMST Inc                THMR         8     15.25      5/15/2013
Terrestar Networks Inc  TSTR       6.5        10      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU         15      13.5       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU       10.5        13      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU         15     15.25       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU       10.5      14.5      11/1/2016
US Shale Solutions Inc  SHALES    12.5      49.5       9/1/2017
US Shale Solutions Inc  SHALES    12.5        52       9/1/2017
Venoco Inc              VQ       8.875    33.835      2/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.375        50       8/1/2016
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS      11.75        29      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS       8.75      12.8       2/1/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS      11.75    32.125      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS      11.75    32.125      1/15/2019
Walter Energy Inc       WLT      9.875      3.05     12/15/2020
Walter Energy Inc       WLT        8.5       5.1      4/15/2021
Walter Energy Inc       WLT      9.875     4.582     12/15/2020
Walter Energy Inc       WLT      9.875     4.582     12/15/2020


                            *********

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 ***