TCR_Public/150706.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, July 6, 2015, Vol. 19, No. 187

                            Headlines

2G STAFFING SERVICES: Voluntary Chapter 11 Case Summary
3850 SOUTH 16TH: Case Summary & Largest Unsecured Creditor
4002 SOUTH 16TH: Case Summary & Largest Unsecured Creditor
AC I INV M: Plan Solicitation Exclusivity Expires Aug. 31
ACG CREDIT: Withdraws Motion to Convert Case to Chapter 7

ALION SCIENCE: Amends Form S-1 Prospectus with SEC
ALPHA NATURAL: Announces Consolidation of Marcellus JV Ownership
AMERICAN MEDIA: Posts $27.1 Million Net Loss for Fiscal 2015
AMERICAN POWER: Enters Into $737,000 Loan Agreement with Trident
ANDALAY SOLAR: Registers 150 Million Common Shares for Resale

ANDOVER COVERED: Case Summary & 3 Largest Unsecured Creditors
ANNA’S LINENS: Has Interim Access to $80-Mil. DIP Facility
ARCH COAL: Announces Debt Exchange Offer for Its Senior Notes
ARCH COAL: Announces Private Debt Exchange Offer for 7.25% Notes
ARKANOVA ENERGY: Amends Fiscal 2014 Annual Report

ASR 2401: Has Deal to Access Cash Collateral Until Aug. 31
BABCOCK & WILCOX: S&P Affirms Then Withdraws 'BB+' CCR
BION ENVIRONMENTAL: Major Livestock Producers Support SB 724
BLANCHE ZWERDLING: Bankr. Court Grants Bid to Dismiss Ch. 11 Case
BR ENTERPRISES: Western Agricultural OK'd as Real Estate Appraiser

CAESARS ENTERTAINMENT: Mark Frissora Assumes President & CEO Roles
CASCATA HOMES: North Dakota Suit Stayed
CDC CORP: 11th Circ. Bars Atty from Suing Board Director
CENTENE CORP: Moody's Reviews Ba2 Sr. Debt Rating for Downgrade
CENTENE CORP: S&P Affirms 'BB' CCR Over Health Net Acquisition

CMC TELECOM: Case Summary & 20 Largest Unsecured Creditors
CO-OP ATLANTIC: Files for CCAA Protection; KPMG Named as Monitor
COCRYSTAL PHARMA: Shareholders Elect Seven Directors
COLLEGE BOOK: CAJM's Renewed Summary Judgment Bid Denied
COLT DEFENSE: Colt Holding Company Named as Foreign Representative

COLT DEFENSE: Court Directs Joint Administration of the Cases
COLT DEFENSE: Kurtzman Carson Okayed as Claims Agent
CONTINENTAL BUILDING: S&P Raises CCR to 'BB-', Outlook Stable
CORINTHIAN COLLEGES: Proposes Aug. 26 Plan Confirmation Hearing
CORINTHIAN COLLEGES: UST to Continue Sec. 341 Meeting July 22

COVENTRY LOCAL SCHOOL: Moody's Cuts GO Debt Rating to 'Ba2'
CURTIS VALE WOMELSDORF: Tribe Not Immune from Rule 2004, Judge Says
DANDRIT BIOTECH: Changes Fiscal Year End to June 30
DYCOM INDUSTRIES: Repurchase Program No Impact on Moody's Ba2 CFR
EDENOR SA: CEO Edgardo Volosin Resigns

ENERGY FUTURE: Disclosure Statement Set for Aug. 18
ERG INTERMEDIATE: Court Denies Bid of J-5 to Put Suit on Hold
ERG INTERMEDIATE: Files Schedules of Assets and Liabilities
ERG INTERMEDIATE: Gets Final Approval to Borrow $17.5M From CLMG
EXELIXIS INC: Deerfield Acquires $100-Mil. Convertible Notes

FANNIE MAE: FHFA Approves Changes to CEO's Salary
GAS-MART USA: Case Summary & 40 Largest Unsecured Creditors
GBG RANCH: Asks Court to Continue July 16 Sale Hearings
GOLDEN PARK ESTATES: Bankr. Court Orders Ch. 11 Trustee Appointment
GOLDRIVER VALLEY: Tsangs Withdraw Bid to Appoint Trustee

GRADY COLE ODOM: Court Grants Bid to Dismiss Ch. 11 Case
GRIDWAY ENERGY: Plan Filing Date Extended to Oct. 13
GULF STATES LONG TERM: 5th Cir. Affirms Dismissal of Adler Claims
H.J. HEINZ: Moody's Hikes Senior Unsecured Debt Ratings From B2
HEALTH NET: Fitch Puts 'BB+' Long-term IDR on Watch Negative

HEALTH NET: Moody's Puts 'Ba2' Debt Rating on Review for Downgrade
HEPAR BIOSCIENCE: Has Nod to Use Cash Collateral Until Sept. 30
HORNBECK OFFSHORE: S&P Lowers ICR to 'B+', Outlook Stable
HUNTER MILL: Case Summary & 10 Largest Unsecured Creditors
J&J OILFIELD: Denies Confirmation of Amended Plan

JOE'S JEANS: Obtains Forbearance From Lenders Until Oct. 15
JUMPIN JAMMERZ: Case Summary & 20 Largest Unsecured Creditors
KITTUSAMY LLP: Involuntary Chapter 11 Case Summary
LANTHEUS MEDICAL: Moody's Hikes Corporate Family Rating to 'B3'
LAQUINTA INN: Case Summary & 13 Largest Unsecured Creditors

LAURA ROGERS: Cal. App. Affirms Dismissal of Suit vs. Wells Fargo
LEO MOTORS: Sells $447,275 Convertible Notes
LIME ENERGY: May Issue 100,000 Common Shares Under Stock Plan
MAGNETATION LLC: Court Approves Hiring of Davis Polk as Counsel
MAGNETATION LLC: Court Okays Hiring of Lapp Libra as Local Counsel

MARITIME TELECOMMUNICATIONS: S&P Withdraws 'B-' Corp. Credit Rating
MCCLATCHY CO: Signs Consulting Agreement with Former VP Operations
MIDWAY GOLD: Seeks to Employ Sender Wasserman as Co-Counsel
MOLYCORP INC: Can Tap Prime Clerk as Claims & Noticing Agent
MOLYCORP INC: Court Issues Joint Administration Order

MOLYCORP INC: Has Until Aug. 24 to File Schedules
MOLYCORP INC: Meeting to Form Creditors' Panel Set for July 8
MONAKER GROUP: Deborah Linden Quits as Director
MORGAN HILL PARTNERS: Exclusive Plan Filing Date Extended to Oct. 2
MORTGAGE LENDER: 1st Circ. Affirms Dismissal of "Lister" Suit

MUSCLEPHARM CORP: Wynnefield Raises Stake to 5.1%
NORTHSHORE MAINLAND: July 14 Meeting Set to Form Creditors' Panel
NORTHWEST MISSOURI HOLDINGS: Fails in Bid to Stay Townes' Suit
ONCOLOGY ASSOCIATES: IRS Given Higher Priority in $75K Deposit
ORCKIT COMMUNICATIONS: Obtains Revised Acquisition Proposals

PARFUMS ACQUISITION: S&P Assigns 'B' CCR, Outlook Stable
PETTERS COMPANY: Charities' Bids to Dismiss Clawback Suits Denied
PHOENIX INDUSTRIAL: S&P Lowers Rating on 2013 Bonds to 'CCC'
PS&G BC CONNECTOR: Voluntary Chapter 11 Case Summary
QUANTUM FUEL: Amends Debt Repayment Agreement with AGI

QUANTUM FUEL: Kevin Douglas Reports 22.1% Stake as of June 30
QUANTUM FUEL: Signs Deal for $2-Mil. Notes Private Placement
RADIOSHACK CORP: Court Okays Settlement Agreement With Sprint
REGENT PARK: Court Denies Bid for Extension of Automatic Stay
RESEARCH SOLUTIONS: Extends Executives' Terms Until 2017

RITE AID: Stockholders Elect Nine Directors
RIVERROCK NEHEMIAH: Case Summary & 7 Largest Unsecured Creditors
SABINE OIL: Forbearance Agreement Extended Until July 15
SALADWORKS LLC: Eight Tower Resigns from Creditors Committee
SALADWORKS LLC: Files Liquidation Plan Following Asset Sale

SHASTA ENTERPRISES: 5685 Aviation Way Property Sale to City OK'd
SHELDON H. CLOOBECK: 9th Circ. Reverses Approval of Final Report
SIGNET SOLAR: Order Dismissing Suit vs. Founders Reversed
SPENDSMART NETWORKS: Issues Three Units to Investor
SPRINGLEAF HOLDINGS: S&P Keeps 'B' Rating on CreditWatch Negative

STEEL MASTERS: Case Summary & 2 Largest Unsecured Creditors
STEPHEN THOMAS YELVERTON: Bid to Alter Suit Dismissal Order Denied
TEXOMA PEANUT: Parties Settle Dispute on Case Dismissal Plea
TOLLENAAR HOLSTEINS: Court Grants Hartford Life Stay Relief
TRANS ENERGY: Posts $2.7 Million Net Income for First Quarter

TRANSGENOMIC INC: Announces $3-Mil. Private Placement Financing
VIACAO AREA SAO PAULO: Chapter 15 Case Summary
VIRTUAL PIGGY: Darr Aley Quits as Director
WPCS INTERNATIONAL: Eliminates $1.7M Unsecured Promissory Notes
WPCS INTERNATIONAL: Honig Reports 9.9% Stake as of July 2

XINERGY LTD: Bankr. Court Allows Sexual Harassment Suits to Proceed
XRPRO SCIENCES: Re-launching Icagen After Pfizer Transaction
[^] BOND PRICING: For Week From June 29 to July 3, 2015

                            *********

2G STAFFING SERVICES: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: 2G Staffing Services, Inc.
        250 West Baseline Road, Suite 108
        Tempe, AZ 85283

Case No.: 15-08339

Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Eddward P. Ballinger Jr.

Debtor's Counsel: Donald W. Powell, Esq.
                  CARMICHAEL & POWELL, P.C.
                  7301 N. 16th St., #103
                  Phoenix, AZ 85020
                  Tel: 602-861-0777
                  Fax: 602-870-0296
                  Email: d.powell@cplawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Randy Green, president.

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


3850 SOUTH 16TH: Case Summary & Largest Unsecured Creditor
----------------------------------------------------------
Debtor: 3850 South 16th LLC
        3850 South 16th Street
        Phoenix, AZ 85040

Case No.: 15-08296

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. George B. Nielsen Jr.

Debtor's Counsel: Allan D NewDelman, Esq.
                  ALLAN D NEWDELMAN PC
                  80 E. Columbus Ave.
                  Phoenix, AZ 85012
                  Tel: 602-264-4550
                  Fax: 602-277-0144
                  Email: anewdelman@adnlaw.net

Total Assets: $1.3 million

Total Liabilities: $2.8 million

The petition was signed by Roy's Little Acre LP, managing member.

The Debtor listed Bank of America as its largest unsecured creditor
holding a claim of $1,650,000.

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

             http://bankrupt.com/misc/azb15-08296.pdf


4002 SOUTH 16TH: Case Summary & Largest Unsecured Creditor
----------------------------------------------------------
Debtor: 4002 South 16th LLC
        3850 South 16th Street
        Phoenix, AZ 85040

Case No.: 15-08297

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Madeleine C. Wanslee

Debtor's Counsel: Allan D NewDelman, Esq.
                  ALLAN D NEWDELMAN PC
                  80 E. Columbus Ave.
                  Phoenix, AZ 85012
                  Tel: 602-264-4550
                  Fax: 602-277-0144
                  Email: anewdelman@adnlaw.net

Total Assets: $1.8 million

Total Liabilities: $2.5 million

The petition was signed by Roy's Little Acre LP, managing member.

The Debtor listed Bank of America as its largest unsecured creditor
holding a claim of $1,650,000.

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

             http://bankrupt.com/misc/azb15-08297.pdf


AC I INV M: Plan Solicitation Exclusivity Expires Aug. 31
---------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York on
June 9, 2015, entered an order extending AC I INV Manahawkin LLC,
et al.'s exclusive periods to file a chapter 11 plan until June 30,
2015, and solicit acceptances for that plan until Aug. 31.

As reported in the Troubled Company Reporter on May 25, 2015, A.
Mitchell Greene, Esq., at Robinson Brog Leinwand Greene Genovese
& Gluck P.C., in New York, related that contemporaneously with the
filing of the extension motion, LLC has filed its plan of
liquidation, which provides that LLC will pay its allowed
creditors' claims in full with any remaining proceeds flowing
towards its equity holder -- Mezz.  A substantial amount of funds
is expected to flow to Mezz.  However, the sale of the Property has
not closed and the proceeds have yet to be turned over to LLC.
Additionally, there are still certain claims against LLC that
remain potentially in dispute that have to be resolved or objected
to, and thus will affect the distribution to Mezz.

Mr. Greene further relates that with funding from the distribution
from the LLC Plan, Mezz intends to file its own plan of liquidation
to make payments to its allowed creditors.  Because the sale of the
Property has yet to close and the distribution to Mezz has not been
fully realized, and without knowing how much money is to be
distributed, neither Mezz nor Inv are in a position to file plans
in their cases, Mr. Greene tells the Court.  However, Inv and Mezz
do not anticipate that these will be complicated plans, but submit
waiting for proceeds of the sale to be distributed to LLC and then
to Mezz is an appropriate exercise of their business judgment.
Accordingly, Inv and Mezz are only asking for a modest 60 day
extension of the Exclusivity Period and 90 day extension for the
Acceptance Period in order to allow for the sale of the property to
close and for proceeds to be distributed to Mezz via the LLC Plan.

Mr. Greene asserted that in light of the instant facts and
circumstances and in order to provide the Debtors with sufficient
time to formulate their plans of liquidation, if any, that good
cause exists to extend the exclusive periods.  The Debtors believe
that the requested extensions will promote the orderly liquidation
of their estates without the need to devote unnecessary time, money
and energy to defending against or responding to a competing plan.

                          About AC I Inv

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

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

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



ACG CREDIT: Withdraws Motion to Convert Case to Chapter 7
---------------------------------------------------------
ACG Credit Company II, LLC, notified the U.S. Bankruptcy Court for
the District of Delaware that it has withdrawn its motion to
convert case under Chapter 7 of the Bankruptcy Code.

As reported in the Troubled Company Reporter on June 1, 2015,
Michael Du Frayne, the Debtor's chief restructuring officer, said
that the Debtor has been unable to pay certain administrative
expense costs when due.  Mr. Frayne said that since the fees and
expenses of the CRO and Trustee remain administrative expenses of
the Debtor and cannot be paid, the Debtor's case is
administratively insolvent and must be converted.

ACG Finance Company, LLC, Fine Art Finance, LLC, Art Capital Group,
LLC, Art Capital Group, Inc., ACG Credit Company, LLC, and Ian S.
Peck opposed the conversion motion, instead asking the Court to
dismiss the Chapter 11 case.

The CT Counterparties' counsel, Francis B. Majorie, Esq., at The
Majorie Firm, LTD, in Dallas, Texas, argues that the Debtor's CRO
is presently holding a $20,000 retainer which is sufficient to pay
the outstanding balance of the ESBA fees.  Mr. Majorie further
argues that the Other CT Counterparties are causing a wire to be
sent to ESBA for the $19,343, as well as $10,400 to be wired to the
Debtor's account.  For these reasons, Mr. Majorie believed that the
case must be dismissed and not converted.

                   About ACG Credit Company II

New York-based ACG Credit Company II, LLC, filed a Chapter
11 bankruptcy petition (Bankr. D. Del. Case No. 14-11500) on
June 17, 2014.  The Debtor estimated $10 million to $50 million in
assets and $1 million to $10 million in liabilities.  Ian Peck,  as
director, signed the petition.  Gellert Scali Busenkell & Brown,
LLC, serves as the Debtor's counsel.



ALION SCIENCE: Amends Form S-1 Prospectus with SEC
--------------------------------------------------
Alion Science and Technology Corporation filed an amendment to its
Form S-1 registration statement with the Securities and Exchange
Commission relating to the public offering of its common stock with
a proposed aggregate offering price of $100 million.  The Company
amended the Registration Statement to delay its effective date.

Prior to this offering, there has been no public market for the
common stock.  It is currently estimated that the initial public
offering price per share will be between $ ___ and $___.  The
Company has applied to list the common stock on the New York Stock
Exchange under the symbol "ALON".

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

                       http://is.gd/ZlTVxa

                       About Alion Science

Alion Science and Technology Corporation, based in McLean,
Virginia, is an employee-owned company that provides scientific
research, development, and engineering services related to
national defense, homeland security, and energy and environmental
analysis.  Particular areas of expertise include communications,
wireless technology, netcentric warfare, modeling and simulation,
chemical and biological warfare, program management.

The Company reported a net loss of $44 million for the year ended
Sept. 30, 2014, a net loss of $36.6 million for the year ended
Sept. 30, 2013, and a net loss of $41.4 million for the year ended
Sept. 30, 2012.

                           *     *     *

As reported by the TCR on Aug. 26, 2014, Standard & Poor's Ratings
Services raised its corporate credit rating on McLean, Va.-based
Alion Science and Technology Corp. to 'B-' from 'SD'.

"The rating action follows Alion's completed exchange offer and a
simultaneous refinancing transaction, whereby the company
refinanced nearly its entire capital structure, except for about
$24 million of 10.25% senior unsecured notes, which will mature in
February 2015," said Standard & Poor's credit analyst Jenny Chang.

In the May 23, 2014, edition of the TCR, Moody's Investors Service
affirmed, among other things, Alion Science & Technology
Corporation's ratings including the Caa2 Corporate Family Rating.
The affirmation of Alion's Caa2 corporate family rating reflects
the company's continued high leverage and weak interest coverage
metrics that are not anticipated to improve meaningfully in the
near-term, Moody's said.


ALPHA NATURAL: Announces Consolidation of Marcellus JV Ownership
----------------------------------------------------------------
Alpha Natural Resources, Inc. announced that its wholly-owned
subsidiary, Pennsylvania Services Corporation, has acquired the 50%
interest in its natural gas exploration and production joint
venture, Pennsylvania Land Resources Holding Company, LLC, owned by
EDF Trading Resources, LLC.  The $126 million transaction, which
makes PSC the sole owner and operator of the venture, allows Alpha
to expand and control a highly economic natural gas development
program composed of over 25,000 net acres and associated
infrastructure in the Marcellus Shale.

EDFTR and PSC initially formed the PLR joint venture in May 2013 to
exploit a large, concentrated Marcellus Shale gas resource in
Greene County, Pennsylvania.  The concentrated acreage position is
considered to be in the "core of the core" of the Marcellus Shale,
one of the most profitable natural gas plays in the United States,
and located adjacent to some of the most productive wells in the
basin to date.  PLR's large, contiguous acreage position will allow
efficient development of the resource with long laterals,
maximizing both well productivity and returns.  Significant
existing pipeline capacity located adjacent to or crossing PLR's
leased acreage also provides strong transportation optionality.

Brian Sullivan, Alpha's executive vice president and chief
commercial officer, stated "we expect drilling on the first pad to
begin in the next 30 days, with an estimated 4 wells completed by
the first quarter of next year."  PLR's concentrated position when
it entered into the joint venture in May 2013 was 12,000 net acres,
which has since more than doubled.  Additionally, two well pads
have been constructed with a total of 14 permitted wells. "Our
current leasehold position gives us an immediate drilling inventory
of more than 50 locations," Sullivan added.
   
Alpha Natural Resources Chairman and CEO Kevin Crutchfield also
emphasized the growth potential associated with the transaction.
"Alpha has broad resource experience already in this basin and this
acquisition positions us to derive exceptional future value from
these gas assets and operational benefits with our existing coal
operations."  PLR also controls rights to develop gas resources
located at other depths, including the deeper Utica Shale, on the
majority of the leased acreage and several adjoining properties.

EDFTR is a subsidiary of EDF Trading, a leading provider of market
services to the wholesale gas and power sectors in the US and
Canada, which is a subsidiary of EDF Group, Europe's leading
electricity producer.  Alpha acquired EDFTR's interest upon EDF's
decision to exit North American upstream exploration and production
activities.

BMO Capital Markets served as Alpha's financial advisor on the
transaction, and also provided a fairness opinion to Alpha's Board
of Directors.

                         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 MEDIA: Posts $27.1 Million Net Loss for Fiscal 2015
------------------------------------------------------------
American Media, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to the Company and its subsidiaries of $27.1 million
on
$245 million of total operating revenues for the fiscal year ended
March 31, 2015, compared to a net loss attributable to the Company
and its subsidiaries of $54.3 million on $287 million of total
operating revenues for the year ended March 31, 2014.

As of March 31, 2015, the Company had $466 million in total assets,
$500 million in total liabilities, $3 million in redeemable
non-controlling interests, and a $36.9 million total stockholders'
deficit.

"If our operations do not generate sufficient cash flow from
operations to satisfy our debt service obligations, we may need to
borrow additional funds to make these payments or undertake
alternative financing plans, such as refinancing or restructuring
our indebtedness, disposing of assets or reducing or delaying
capital investments and acquisitions.  We cannot guarantee that
such additional funds or alternative financing will be available on
favorable terms, if at all.  Our inability to generate sufficient
cash flow from operations or obtain additional funds or alternative
financing on acceptable terms could have a material adverse effect
on our business, financial condition and results of operations.  We
cannot assure you that our business will generate sufficient cash
flows from operations or that we can obtain alternative financing
proceeds in an amount sufficient to enable us to service our
indebtedness, or to fund our other liquidity needs.  We may need to
refinance all or a portion of our indebtedness on or before
maturity.  We cannot assure you that we will be able to refinance
any of our indebtedness on commercially reasonable terms or at
all," the Company said in the report.

American Media held an earnings conference call on July 1, 2015, to
discuss the financial results for Fiscal 2015.

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

                       http://is.gd/riASNa

                       About American Media

Based in New York, American Media, Inc., publishes celebrity
journalism and health and fitness magazines in the U.S.  These
include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health,
and The National Enquirer.  In addition to print properties, AMI
manages 14 different Web sites.  The company also owns
Distribution Services, Inc., an in-store magazine merchandising
company.

American Media, Inc., and 15 units, including American Media
Operations, Inc., filed for Chapter 11 protection in Manhattan
(Bankr. S.D.N.Y. Case No. 10-16140) on Nov. 17, 2010, with a
prepackaged plan.  The Debtors emerged from Chapter 11
reorganization in December 2010, handing ownership to former
bondholders.  The new owners include hedge funds Avenue Capital
Group and Angelo Gordon & Co.

American Media reported a net loss of $54.3 million on
$344 million of total operating revenues for the fiscal year ended
March 31, 2014, following a net loss of $56.2 million on $349
million of total operating revenues for the year ended March 31,
2013.

                           *     *     *

As reported in the Jan. 9, 2015 edition of the TCR, American Media
carries a 'Caa1' corporate family rating from Moody's.  American
Media's Caa1 CFR reflects the company's elevated total debt to
EBITDA leverage that Moody's expect will rise to the 8-9x range
(Moody's adjusted) over the rating horizon from about 7x as of
Sept. 30, 2014 as a result of lower EBITDA performance that
stems from a reduction in circulation sales associated with the
bankruptcy filing of AMI's second largest publications wholesaler,
Source Interlink Distribution ("Source").  The rating also captures
AMI's weak liquidity profile and deteriorating EBITDA cushion under
the revolver's first-lien leverage covenant resulting from the
lower circulation revenue aggravated by the Source bankruptcy,
which required temporary covenant relief through an amendment to
the credit facility.

As reported in the Jan. 14, 2015 edition of the TCR, Standard &
Poor's Ratings Services said that its ratings on U.S. magazine
publisher American Media Inc., including the 'CCC' corporate credit
rating, are not affected by the company's announcement that it is
exchanging $32 million of its first-lien 11.5% notes due 2017 for
$39 million in new second-lien 7% notes due 2020.  The negative
rating outlook remains unchanged.


AMERICAN POWER: Enters Into $737,000 Loan Agreement with Trident
----------------------------------------------------------------
American Power Group Corporation entered into a loan and security
agreement with Trident Resources LLC, pursuant to which the Company
loaned Trident $737,000.

The loan is represented by a Senior Secured Demand Promissory Note
dated June 30, 2015, and is repayable in full no later than
Sept. 30, 2015.  The loan is secured by a first priority security
interest in all of Trident's assets and has been guaranteed on a
secured basis by Thomas Lockhart, Trident's sole owner.  The
Company made this loan in connection with its exploration of a
potential strategic relationship with Trident relating to the
Company's Fueled By Flare initiative.
    
                     About American Power Group

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

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

As of March 31, 2015, the Company had $7.76 million in total
assets, $5.37 million in total liabilities and $2.39 million total
stockholders' equity.


ANDALAY SOLAR: Registers 150 Million Common Shares for Resale
-------------------------------------------------------------
Andalay Solar Inc. filed a Form S-1 registration statement with the
Securities and Exchange Commission relating to the offer and resale
of up to 150,000,000 shares of its common stock, par value $0.001
per share, by the selling stockholder, Southridge Partners II LP.

All of those shares represent shares that Southridge has agreed to
purchase if put to it by the Company pursuant to the terms of the
Equity Purchase Agreement the Company entered into with them on
Dec. 10, 2014.  On Dec. 11, 2014, the Company filed a Registration
Statement on Form S-1 to register 85,000,000 shares of common stock
related to its December Equity Purchase Agreement with Southridge
and on Jan. 16, 2015, the Securities and Exchange Commission
declared the Registration Statement effective.  To date, the
Company has drawn down approximately $1,055,000 from the sale of
79,273,221 shares of common stock from the December Equity
Agreement, and still have available to sell approximately 5.7
million shares of common stock under the December Equity Purchase
Agreement if all conditions thereunder are met.  Subject to the
terms and conditions of the December Equity Purchase Agreement the
Company has the right to "put," or sell, up to $5,000,000 worth of
shares of its common stock to Southridge, of which approximately
$1,055,000 worth of shares have been sold and approximately
$3,945,000 remains available for sale.

The Company's common stock became eligible for trading on the OTCQB
on Sept. 6, 2012, and began trading on the OTCPink on
May 15, 2015.  The Company's common stock is quoted on the OTCPink
under the symbol "WEST".  The closing price of the Company's stock
on June 26, 2015, was $0.011.

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

                        http://is.gd/EEM2py

                        About Andalay Solar

Founded in 2001, Andalay Solar, Inc., formerly Westinghouse Solar,
Inc., is a provider of innovative solar power systems.  In 2007,
the Company pioneered the concept of integrating the racking,
wiring and grounding directly into the solar panel.  This
revolutionary solar panel, branded "Andalay", quickly won industry
acclaim.  In 2009, the Company again broke new ground with the
first integrated AC solar panel, reducing the number of components
for a rooftop solar installation by approximately 80 percent and
lowering labor costs by approximately 50 percent.  This AC panel,
which won the 2009 Popular Mechanics Breakthrough Award, has
become the industry's most widely installed AC solar panel.  A new
generation of products named "Instant Connect" was introduced in
2012 and is expected to achieve even greater market acceptance.

Andalay Solar reported a net loss attributable to common
stockholders of $1.87 million for the year ended Dec. 31, 2014,
compared with a net loss attributable to common stockholders of
$3.85 million for the year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $2.55 million in total
assets, $4.68 million in total liabilities and a $2.12 million
total stockholders' deficit.

Burr Pilger Mayer, Inc., in San Jose, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company's significant
operating losses and negative cash flow from operations raise
substantial doubt about its ability to continue as a going concern.


ANDOVER COVERED: Case Summary & 3 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Andover Covered Bridge, LLC
        66 Milliken Street
        Portland, ME 04103

Case No.: 15-20489

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       Maine (Portland)

Judge: Hon. Peter G Cary

Debtor's Counsel: Steven E. Cope, Esq.
                  COPE LAW FIRM
                  One William Street
                  P. O. Box 1398
                  Portland, ME 04104
                  Tel: (207) 772-7491
                  Fax: (207) 772-7428
                  Email: scope@copelegal.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Peter J. Bolduc, Jr., manager.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/meb15-20489.pdf


ANNA’S LINENS: Has Interim Access to $80-Mil. DIP Facility
------------------------------------------------------------
U.S. Bankruptcy Judge Theodor Albert has granted interim approval
to the motion of Anna's Linens to access DIP financing up to an
aggregate principal amount of $80 million.  The Debtor is also
authorized to use cash collateral.

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 secured 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 is a specialty retailer offering home textiles,
furnishings and decor at attractive prices.  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.

Anna's Linens sought Chapter 11 bankruptcy protection (Bankr. C.D.
Cal. Case No. 15-13008) in Santa Ana, California, on June 14,
2015.
The case is assigned to Judge Theodor Albert.  The Debtor tapped
Levene, Neale, Bender, Yoo & Brill LLP as counsel.  The Debtor
estimated assets of $50 million to $100 million and debt of $100
million to $500 million.



ARCH COAL: Announces Debt Exchange Offer for Its Senior Notes
-------------------------------------------------------------
Arch Coal, Inc., announced the launch of a private offer to
exchange new 6.25% Trust Certificates due 2021, 8.00% Senior
Secured Notes due 2022 and 12.00% Senior Secured Second Lien Notes
due 2023 for its outstanding 7.000% Senior Notes due 2019, 9.875%
Senior Notes due 2019 and 7.250% Senior Notes due 2021.

The Trust Certificates represent a fractional undivided interest in
Arch Pass Through Trust, a Delaware statutory trust whose only
assets will be (i) senior secured term loans due 2021 issued as
incremental debt under Arch's existing credit agreement and (ii)
senior secured revolving commitments.  The New Revolving Loans will
be transferred to the Trust either by the assignment of existing
revolving commitments or by the creation of an incremental
revolving credit facility in lieu of the existing revolving credit
facility, and all existing commitments would be terminated at the
closing of this transaction.  The aggregate principal amount of New
Term Loans and New Revolving Loans outstanding at any time may not
exceed $404 million, and will be equal to the principal amount of
Trust Certificates issued in the Exchange Offer and in a concurrent
exchange offer.  The Trust is not, and will not be, a subsidiary or
affiliate of Arch and the Trust Certificates will not be guaranteed
or insured by any person or entity, including Arch.

The private offer is being made as part of Arch's efforts, in light
of challenging market conditions, to deleverage its balance sheet
and improve its liquidity profile.  These efforts may include
additional private offers or repurchases of Arch's other
outstanding debt securities.

Each holder of Old Notes will have to elect whether it wishes to
receive exchange consideration in the form of Trust Certificates,
New 2022 Secured Notes or New 2023 Secured Notes in exchange for
each $1,000 principal amount of Old Notes validly tendered and
accepted for exchange.  The aggregate principal amount of New
Securities received by tendering holders of a series of Old Notes
per $1,000 principal amount tendered will be the same with respect
to all holders of such series of Old Notes ($400 in the case of Old
7.000% 2019 Notes and Old 7.250% 2021 Notes and $450 in the case of
Old 9.875% 2019 Notes, in each case if tendered at or prior to the
Early Tender Time), irrespective of the form of consideration
elected, even though the Trust Certificates are expected to be more
valuable than the New 2022 Secured Notes, which are in turn
expected to be more valuable than the New 2023 Secured Notes, as a
result of the different priorities of the liens securing (or
underlying) the New Securities.  The aggregate principal amount of
New Securities to be issued pursuant to the Exchange Offer will be
determined in accordance with the Acceptance Priority Levels, the
Maximum Exchange Amount, the tender caps referred to in the
immediately succeeding sentence and certain other terms and
conditions, and may also be based on when Old Notes are tendered.
The tender caps will limit the aggregate principal amount of New
Securities to be issued in the Exchange Offer to: (i) in the case
of Trust Certificates, $404 million, minus the aggregate principal
amount of Trust Certificates issued pursuant to the Concurrent
Exchange Offer and Consent Solicitation, (ii) in the case of New
2022 Secured Notes, $200 million, minus the aggregate principal
amount of New 2022 Secured Notes issued pursuant to the Concurrent
Ineligible Holders Offer, and (iii) in the case of New 2023 Secured
Notes, $150 million.  The "Maximum Exchange Amount" refers to the
sum of the tender caps.

The consummation of the Exchange Offer is conditioned upon, among
other things, the completion of the Concurrent Exchange Offer and
Consent Solicitation with holders of at least a majority of Arch's
outstanding 7.25% Senior Notes due 2020 executing a consent and
exchanging their 2020 Notes for Trust Certificates or New 2022
Secured Notes in the Concurrent Exchange Offer and Consent
Solicitation or the Concurrent Ineligible Holders Offer.

The following table sets forth information regarding the Old Notes
for which New Securities are being offered and the principal amount
of New Securities to be issued in respect thereof for each $1,000
principal amount of tendered Old Notes, subject to the acceptance
priority, proration and allocation mechanics described in the
Offering Memorandum referred to below:

Outstanding aggregate
principal amount:              $1,000,000,000

CUSIP / ISIN:                  039380AE0 / US039380AE02

Old Notes to be exchanged:     7.000% Senior Notes due 2019

Total                          $400
Consideration if
tendered at or
prior to the Early
Tender Time:

Exchange                       $370
Consideration
if tendered
after the Early
Tender
Time:

Outstanding aggregate
principal amount:              $375,000,000

CUSIP / ISIN:                  039380AJ9 / US039380AJ98

Old Notes to be exchanged:     9.875% Senior Notes due 2019

Total                          $450
Consideration if
tendered at or
prior to the Early
Tender Time:

Exchange                       $420
Consideration
if tendered
after the Early
Tender
Time:

Outstanding aggregate          1,000,000,000
principal amount:              

CUSIP / ISIN:                  039380AG5 / US039380AG59

Old Notes to be exchanged:     7.250% Senior Notes due 2021

Total                          $400
Consideration if
tendered at or
prior to the Early
Tender Time:

Exchange                       $370
Consideration
if tendered
after the Early
Tender
Time:

Holders that validly tender Old Notes prior to 5:00 p.m., New York
City time, on July 16, 2015, and do not validly withdraw their
tender prior to 5:00 p.m., New York City time, on July 16, 2015,
will receive the Total Consideration set out in the applicable
column of the table above for the relevant series of Old Notes,
subject to the acceptance priority, proration and allocation
mechanics described in the Offering Memorandum.  Holders that
validly tender Old Notes after the Early Tender Time, but prior to
12:00 midnight, New York City time, at the end of July 30, 2015,
will receive the Exchange Consideration set out in the applicable
column of the table above for the relevant series of Old Notes,
subject to the acceptance priority, proration and allocation
mechanics described in the Offering Memorandum.

If the conditions to the Exchange Offer are satisfied at the Early
Tender Time, the Issuers reserve the right to settle the exchange
for holders who tendered at or prior to the Early Tender Time
promptly thereafter, so long as all holders of 2020 Notes have
tendered their notes in the Concurrent Exchange Offer and Consent
Solicitation or Concurrent Ineligible Holders Offer and both offers
are settled on or prior to such date.  Otherwise, the Issuers will
settle all exchanges promptly after the Expiration Time.

A complete copy of the press release is available at:

                       http://is.gd/JFl9dS

                          About Arch Coal

Arch Coal, Inc.'s primary business is the production of thermal and
metallurgical coal from surface and underground mines located
throughout the United States, for sale to utility, industrial and
steel producers both in the United States and around the world. The
Company currently operates mining complexes in West Virginia,
Maryland, Virginia, Illinois, Wyoming and Colorado.

Arch Coal reported a net loss of $558.3 million in 2014, a net loss
of $641.8 million in 2013 and a net loss of $683.7 million in
2012.

As of March 31, 2015, Arch Coal had $8.3 billion in total assets,
$6.7 billion in total liabilities and $1.5 billion in total
stockholders' equity.


                            *     *     *

The Troubled Company Reporter, on May 8, 2015, reported that Fitch
Ratings has affirmed the Issuer Default Rating (IDR) for Arch
Coal, Inc. (Arch Coal; NYSE: ACI) at 'CCC'.

The TCR, on May 6, 2015, reported that Moody's Investors Service
downgraded the corporate family rating of Arch Coal, Inc to Caa3
from Caa1 and the probability default rating to Caa3-PD from
Caa1-PD.  The downgrade follows the continued stress on the coal
sector, and the resulting deterioration in the company's credit
metrics.  At the same time, Moody's downgraded the ratings on the
senior secured term loan and bank revolving facility to Caa1 from
B2, the second lien notes to Caa3 from Caa1, and all unsecured
notes to Ca, from Caa2.  Moody's also affirmed the Speculative
Grade Liquidity rating of SGL-3.  The outlook is negative.

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

"The negative outlook reflects the likelihood that global supply
and demand conditions for met coal will not support price recovery
within the year, driving Arch to pursue a restructuring
alternative," said Standard & Poor's credit analyst Chiza Vitta.


ARCH COAL: Announces Private Debt Exchange Offer for 7.25% Notes
----------------------------------------------------------------
Arch Coal, Inc., announced the launch of a private offer to
exchange new 6.25% Trust Certificates due 2021 and a cash payment
for any and all of its outstanding 7.25% Senior Notes due 2020.
Holders of approximately 56.9% of the aggregate principal amount of
outstanding 2020 Notes have executed agreements with Arch
committing to participate in the Exchange Offer and the Consent
Solicitation.

The Trust Certificates represent a fractional undivided interest in
Arch Pass Through Trust, a Delaware statutory trust whose only
assets will be (i) senior secured term loans due 2021 issued as
incremental debt under Arch's existing credit agreement and (ii)
senior secured revolving commitments.  The New Revolving Loans will
be transferred to the Trust either by the assignment of existing
revolving commitments or by the creation of an incremental
revolving credit facility in lieu of the existing revolving credit
facility, and all existing commitments would be terminated at the
closing of this transaction.  The aggregate principal amount of New
Term Loans and New Revolving Loans outstanding at any time may not
exceed $404 million, and will be equal to the principal amount of
Trust Certificates issued in the Exchange Offer and in a concurrent
exchange offer.  The Trust is not, and will not be, a subsidiary or
affiliate of Arch and the Trust Certificates will not be guaranteed
or insured by any person or entity, including Arch.

The private offer is being made as part of Arch's efforts, in light
of challenging market conditions, to deleverage its balance sheet
and improve its liquidity profile.  These efforts may include
additional private offers or repurchases of Arch's other
outstanding debt securities.

In conjunction with the Exchange Offer, Arch will solicit consents
from holders of the 2020 Notes to certain proposed amendments to
the indenture governing the 2020 Notes.  The Proposed 2020 Notes
Amendments would modify certain restrictive covenants contained in
such indenture to conform to Arch's other indentures, including
with respect to the issuance of additional secured debt.  Holders
who tender their 2020 Notes will be deemed to consent to the
Proposed 2020 Notes Amendments, and holders may not deliver
consents to the Proposed 2020 Notes Amendments without tendering
their 2020 Notes in the Exchange Offer.

The consummation of the Exchange Offer is conditioned upon, among
other things, and the Proposed 2020 Notes Amendments require, the
receipt of consents pursuant to the Consent Solicitation from the
holders of a majority in aggregate principal amount of outstanding
2020 Notes not owned by Arch or any of its affiliates.

The following table sets forth the consideration offered in the
Exchange Offer and the Consent Solicitation.

CUSIP/ISIN:                   039380AC4 / US039380AC46

Outstanding Principal         500,000,000
Amount of 2020 Notes:   

Total Consideration if        $418.69 in aggregate principal
Tendered prior to or on       amount of Trust Certificates and $60

the Early Tender Time:        in cash

Exchange Consideration if     $418.69 in aggregate principal
Tendered after the            amount of Trust Certificates and $30

Early Tender Time:            in cash

The Exchange Offer will expire at 12:00 midnight, New York City
time, on July 30, 2015, unless extended or earlier terminated.
Holders that properly tender their 2020 Notes and deliver consents
prior to 5:00 p.m., New York City time, on July 16, 2015, unless
extended, and do not validly withdraw their 2020 Notes prior to
5:00 p.m., New York City time, on July 16, 2015, unless extended,
and whose 2020 Notes are accepted for exchange will receive the
Total Consideration set out in the applicable column in the table
above, which includes a $30 consent payment.  Holders of 2020 Notes
that properly tender their Notes after the Early Tender Time and on
or before the Expiration Time and whose 2020 Notes are accepted for
exchange will receive the Exchange Consideration.  Tendered 2020
Notes may not be withdrawn and consents may not be revoked
subsequent to the Withdrawal Deadline, subject to limited
exceptions.

If the conditions to the Exchange Offer are satisfied at the Early
Tender Time, the Issuers reserve the right to settle the exchange
for holders who tendered at or prior to the Early Tender Time
promptly thereafter.  Otherwise, the Issuers will settle all
exchanges promptly after the Expiration Time.

Arch's obligation to accept any 2020 Notes tendered and to pay the
applicable consideration for them is set forth solely in the
Confidential Offering Memorandum and Consent Solicitation Statement
and the accompanying Consent and Letter of Transmittal related to
the Exchange Offer and the Consent Solicitation.

                          About Arch Coal

U.S.-based Arch Coal, Inc. is a coal producer for the global steel
and power generation industries, serving customers on five
continents.  Its network of mining complexes is the most
diversified in the United States, spanning every major coal basin
in the nation.  Arch controls more than 5 billion tons of
high-quality metallurgical and thermal coal reserves, with access
to major railroads, inland waterways and a growing number of
seaborne trade channels.

Arch Coal reported a net loss of $558.3 million in 2014, a net loss
of $641.8 million in 2013 and a net loss of $683.7 million in
2012.

As of March 31, 2015, Arch Coal had $8.3 billion in total assets,
$6.7 billion in total liabilities and $1.5 billion in total
stockholders' equity.

                            *     *     *

The Troubled Company Reporter, on May 8, 2015, reported that Fitch
Ratings has affirmed the Issuer Default Rating (IDR) for Arch
Coal, Inc. (Arch Coal; NYSE: ACI) at 'CCC'.

The TCR, on May 6, 2015, reported that Moody's Investors Service
downgraded the corporate family rating of Arch Coal, Inc to Caa3
from Caa1 and the probability default rating to Caa3-PD from
Caa1-PD.  The downgrade follows the continued stress on the coal
sector, and the resulting deterioration in the company's credit
metrics.  At the same time, Moody's downgraded the ratings on the
senior secured term loan and bank revolving facility to Caa1 from
B2, the second lien notes to Caa3 from Caa1, and all unsecured
notes to Ca, from Caa2.  Moody's also affirmed the Speculative
Grade Liquidity rating of SGL-3.  The outlook is negative.

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

"The negative outlook reflects the likelihood that global supply
and demand conditions for met coal will not support price recovery
within the year, driving Arch to pursue a restructuring
alternative," said Standard & Poor's credit analyst Chiza Vitta.


ARKANOVA ENERGY: Amends Fiscal 2014 Annual Report
-------------------------------------------------
Arkanova Energy Corporation amended certain parts of its annual
report on Form 10-K/A for the year ended Sept. 30, 2014, to correct
the following errors:

   1. The Company expanded its disclosure to include barrel and
      sand details of three other wells, and the extent to
      which hydraulic fracturing is employed in its operations.

   2. The Company updated its management discussion and analysis
      to: (i) more clearly quantify the amount of year-over-year
      variance in operating results that is attributable to each
      factor cited as a cause of that variance; and (ii) address
      also significant changes in balance sheet items and the   
      reasons for that variance.

   3. Corrected references to "Mbbl" with "BBL"to accurately
      reflect barrel denominations.

   4. Clarified that Mr. Erich Hofer is a non-employee director
      where applicable.

   5. Expanded Item 13 - Certain Relationships and Related
      Transactions, and Director Independence to include the note
      payable disclosure referenced in other sections of the
      Annual Report.

A copy of the amended Annual Report is available at:

                       http://is.gd/LemhW7

                         About Arkanova

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

The Company reported a net loss of $3 million on $844,000 of total
revenue for the year ended Sept. 30, 2014, compared with a net loss
of $2.73 million on $849,900 of total revenue for the year ended
Sept. 30, 2013.

As of March 31, 2015, the Company had $5.22 million in total
assets, $18.6 million in total liabilities and a $13.4 million
total stockholders' deficit.


ASR 2401: Has Deal to Access Cash Collateral Until Aug. 31
----------------------------------------------------------
ASR 2401 Fountainview, LP, et al., and noteholder JPMCC 2006-DP7
Office 2401, LLC, have an agreement to seek an extension until Aug.
31, 2015, the bankruptcy court's order granting the Debtors interim
approval to access cash collateral.

The parties agreed that:

   1. the termination event is extended to 11:59 p.m., on Aug. 31,
unless extended or modified by further order of the Court; and

   2. the Debtors' responsibilities will extend from Dec. 31, 2014,
until Aug. 31, 2015;

   3. the notice and the extension of the cash collateral order
will be effective as of July 1, 2015; and

   4. all terms, conditions, and provisions of the cash collateral
order are not otherwise altered and will remain in full force and
effect, including, but not limited to, the Debtor's payment and
reporting obligations.

The Court previously signed the agreed eight interim order
approving use of cash collateral of the Noteholder until June 30.

                           About ASR 2401

ASR 2401 Fountainview, LP, owns and operates a 10-story office
building located at 2401 Fountainview, Houston, Texas 77057 ("2401
Fountainview").  2401 Fountainview was purchased in February 2006.
The property is located at the southeast corner of Burgoyne Road
and Fountainview Drive.  The land contains approximately 3.5789
acres or 155,897 square feet.  The office building contains
approximately 179,726 square feet of net rentable space.

ASR 2401 Fountainview, LP, and ASR 2401 Fountainview, LLC sought
Chapter 11 bankruptcy protection in Houston (Bankr. S.D. Tex. Case
Nos. 14-35322) on Sept. 30, 2014.  Each debtor estimated assets
and
debt of $10 million to $50 million.

The Debtors have tapped Christopher Adams, Esq., at Okin Adams &
Kilmer LLP, in Houston, as counsel.

By an agreed order entered Jan. 6, 2015, Preferred Income Partners
IV, LLC, the limited partner of the LP Debtor, was allowed to
assume operational control with respect to the operation and
management of 2401 Fountainview, and the LP Debtor was authorized
to retain Jetall Companies, Inc. to manage the property.

JPMCC 2006-LDP7 Office, 2401, LLC, has a secured claim on account
of a $12,750,000 loan to the Debtor to finance the purchase of
2401
Fountainview.  Petrochem Development I, LLC, and Dansk ASR
Investment, LLC, also assert secured claims against the Debtors
but
the Debtors are objecting to their claims.

The Debtors and Dansk have submitted competing Chapter 11 plans
for
the Debtors.

Dansk is represented by Julia A. Cook, Esq., and Jeffrey M.
Hirsch,
Esq., at Schlanger, Silver, Barg & Paine, LLP.  JPMCC 2006-LDP7
Office 2401, LLC, is represented by Sean B. Davis, Esq., and
Joseph
G. Epstein, Esq., at Winstead PC.  Preferred Income Partners IV,
LLC, is represented by Harold N. May, Esq., at Harold "Hap" May,
PC.



BABCOCK & WILCOX: S&P Affirms Then Withdraws 'BB+' CCR
------------------------------------------------------
Standard & Poor's Ratings Services said that it has affirmed its
ratings on The Babcock & Wilcox Co., including S&P's 'BB+'
corporate credit rating.  S&P then withdrew its corporate credit
rating at the company's request.  S&P also withdrew all of its
issue-level and recovery ratings on the company's debt as it has
been repaid.

"The affirmation and withdrawal follows the completion of The
Babcock & Wilcox Co.'s spin-off of its power generation business as
previously contemplated," said Standard & Poor's credit analyst
Robyn Shapiro.  "As part of the transaction, The Babcock & Wilcox
Co. repaid all of its outstanding debt that we rate and changed its
name to BWX Technologies Inc."



BION ENVIRONMENTAL: Major Livestock Producers Support SB 724
------------------------------------------------------------
Major producers and trade organizations in the nation's dairy,
beef, swine and poultry industries have joined together in support
for Pennsylvania Senate Bill 724, Bion Environmental Technologies,
Inc., announced.

Pennsylvania Farm Bureau has also voiced its support of the
legislation, which, when enacted, would establish a competitive
bidding program to harness low-cost nutrient reductions that are
projected to save Pennsylvania taxpayers $1.5 billion in annual
Chesapeake Bay compliance costs.

The National Milk Producers Federation, whose cooperatives produce
the majority of the U.S. milk supply, stated in a letter to
Pennsylvania Governor Wolf's administration and the Assembly
leadership:

"The U.S. dairy producer community is increasingly focused on the
challenge of developing cost-effective approaches to better manage
nutrients, and we believe market-based programs such as this would
help address these challenges.  Through the concepts embodied in SB
724, Pennsylvania has the opportunity to adopt a unique approach
that could serve as a model for other states."

Mike McCloskey, a vice chairman of National Milk, recently
testified in support of SB 724 at a PA Senate Majority Policy
Committee hearing, where he stated, "This bill is extremely
important to us, as a dairy industry.  We have supported it as an
entire U.S. dairy industry from the beginning...I assure you that
your leadership will be followed by many, many states quickly,
after you pass this bill.  This is really the solution for farmers
around the country to be innovative and become part of a solution
we are not part of."  

National Milk is joined in its support of SB 724 by other national
dairy groups, including Dairy Farmers of America, Newtrient, LLC,
and Land O'Lakes, who collectively represent the vast majority of
the nation's milk production and processing.  Major regional dairy
producers Fair Oaks Dairy and Kreider Farms, also one of the east
coast's largest egg producers, support the legislation and the
market-driven voluntary strategy it represents.

JBS, the world's largest animal protein company and second largest
beef packager in the U.S., has expressed support for SB 724. Elliot
Keller, general manager of the JBS-Souderton facility, also
testified at the Majority Policy Committee hearing, emphasizing
that the bill would help farmers increase their herd size while
meeting the ever-increasing environmental mandates from the federal
government.

Pennsylvania missed its EPA-mandated 2013 targets and is projected
to default on its 2017 nitrogen targets by 14.6 million pounds.  A
default by Pennsylvania will cascade, impacting Maryland and
Virginia that are spending billions on compliance.  A delegation of
MD legislators recently petitioned EPA to take enforcement action
against Pennsylvania for failure to comply with the mandates.  It
is critical to Pennsylvania's taxpayers that the state change its
approach and get projects underway.  Large scale solutions are
needed to avoid the potentially severe economic sanctions for
failure to meet the 2017 targets, which was described in a recent
state Auditor General's report.

Manure treatment technologies like Bion's can produce verifiable
nitrogen reductions that can be used to offset EPA mandates at
approximately $8 per pound annually.  The bipartisan 2013
Pennsylvania legislative study and the 2015 Maryland restoration
financing strategy report estimated the average cost of
alternatives at $43 to over $600 per pound annually.

Ed Schafer, Bion's vice chairman and former U.S. Secretary of
Agriculture, said, "Much of the livestock industry and the
low-cost, large-scale solutions it represents, is ready to make
investments in nutrient reductions from waters flowing into the
Bay.  Their willing involvement will speed cleanup of these
watersheds and provide dramatic savings for the taxpayer which will
benefit both the industry and the consumer.

Adoption of the SB 724 strategy will create public policy that can
help Pennsylvania meet Federal compliance mandates while reducing
costs to the Commonwealth's taxpayers.  Economic studies show a
savings of up to $1.5B annually and also, by offsetting nutrient
reduction costs, more than $100 million will flow into the
agriculture and rural communities.  It is imperative for
Pennsylvanians' economy and quality of life that the Wolf
administration and the legislature implement SB 724 or similar
options that enable this approach to be implemented on a fast
track."

Bion's proven and patented technology platform provides verifiable
comprehensive environmental treatment of livestock waste and
recovers clean water, renewable energy and valuable nutrients from
the waste stream.  For more information, visit www.biontech.com.

                     About Bion Environmental

Bion Environmental Technologies Inc.'s patented and proprietary
technology provides a comprehensive environmental solution to a
significant source of pollution in US agriculture, large scale
livestock facilities known as Confined Animal Feeding Operations.
Bion's technology produces substantial reductions of nutrient
releases (primarily nitrogen and phosphorus) to both water and air
(including ammonia, which is subsequently re-deposited to the
ground) from livestock waste streams based upon the Company's
operations and research to date (and third party peer review).

Bion reported a net loss of $5.76 million for the year ended  
June 30, 2014, following a net loss of $8.24 million for the year
ended June 30, 2013.  

GHP Horwath, P.C., in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2014, stating that the Company has not generated
significant revenue and has suffered recurring losses from
operations.


BLANCHE ZWERDLING: Bankr. Court Grants Bid to Dismiss Ch. 11 Case
-----------------------------------------------------------------
Judge Novalyn L. Winfield granted a motion to dismiss the Chapter
11 case of Blanche Zwedling Revocable Living Trust filed by
judgment creditor Susan E. Champion, Esq., joined by Linda Couso
Puccio, Esq.; Tania M. Nemeth, Esq.; and Joseph A. Mecca, Esq.

Ms. Champion seeks dismissal on two grounds: (1) the Debtor is
ineligible to be a debtor under Section 109(a) of the Bankruptcy
Code as the Debtor is not a business trust; and (2) the Debtor
filed the petition in bad faith.

Judge Winfield granted the motion to dismiss, finding that the real
issues in the case appear to stem from the probate of Zwerdling's
estate, including the Trust.  The current status of the probate
matter appears to be either a dispute over fees owed to the
Court-appointed professionals, as well as former counsel for Todd
Trombetta, Blanche Zwerdling's grandson and the current Trustee of
the Trust, or, how to satisfy those fees.  Before the Debtor filed
for bankruptcy, there was a directive by the Probate Court to sell
the Union Avenue Property in order to pay professional fees.  Todd,
as Trustee, failed to do so, instead filing a Chapter 11 bankruptcy
petition for the Trust on the same day that the Probate Court
entered the Order.  Judge Winfield noted that the Debtor's counsel
admitted to this delay tactic during oral argument, explaining Todd
was "buying time to sell the Crosby Avenue Property to pay off
creditors" and avoid selling the Union Avenue Property as ordered
by the Probate Court.  This is a fight for the Probate Court; it
does not belong in the Bankruptcy Court, Judge Winfield ruled.  It
has held that the Trust is not a business trust, and therefore
ineligible for bankruptcy, the Court does not need to address the
allegation that the petition was filed in bad faith, Judge Winfield
said.

The bankruptcy case is In re: BLANCHE ZWERDLING REVOCALBE LIVING
TRUST, Chapter 11, Debtor, Case No. 15-12920 (NLW), (Bankr.
D.N.J.).

A full-text copy of Judge Winfield's Opinion dated June 11, 2015
available at http://is.gd/fmGmmGfrom Leagle.com.

Piotr Rapciewicz, Esq., Esq. -- piotr@rapciewiczlaw.com  -- of Law
Office of Piotr Rapciewicz, LLC; and Robyne D. LaGrotta, Esq. --
lagrottalaw@optonline.net -- of LaGrotta Law, LLC, serve as counsel
for the Debtor, Blanche Zwerdling Revocable Living Trust.
Christopher E. Miller, Esq., of Hunziker, Jones & Sweeney, P.A.,
serves as counsel for Judgment Creditor, Susan E. Champion, Esq.

Hallandale, Florida-based Blanche Zwerdling Revocable Living Trust
sought protection under Chapter 11 of the Bankruptcy Code on Feb.
20, 2015 (Bankr. D.N.J., Case No. 15-12920).  The Debtor's counsel
is Piotr Rapciewicz, Esq., at Law Office of Piotr Rapciewicz, LLC,
in Brick, New Jersey.


BR ENTERPRISES: Western Agricultural OK'd as Real Estate Appraiser
------------------------------------------------------------------
The Hon. Michael S. McManus of the U.S. Bankruptcy Court for the
Eastern District of California authorized BR Enterprises to employ
Western Agricultural Services as the estate's real estate
appraiser.

WAS will appraise the estate's 3,100 acre cattle ranch, which
includes numerous structures, residences, irrigated land, grazing
land, and an approximately 48−acre planned subdivision that is in
different entitlement stages.

The Court also approved the compensation for WAS.

Although WAS was paid prepetition for its appraiser services, its
fee had not been earned as of the Petition Date.  WAS was paid a
flat fee of $14,500 for its yet−unprovided services on Feb. 26,
2015, one day before the instant bankruptcy case was filed on
February 27.  As of the Petition Date, WAS had not earned its
compensation.  The court deems WAS' pre−paid compensation to be
akin to an unearned retainer.

The hourly rate of WAS' personnel is $135 but not exceeding
$14,500, $5,500 for appraisal of the Cottonwood Creek Ranch and
$9,000 for appraisal of the Sunset Hills Properties.

As reported in the Troubled Company Reporter on May 7, 2015, the
Debtor sought permission to tap WAS to provide appraisal services,
retroactive to March 25, 2015.

The service agreements between the Debtor and WAS are:

   (a) On Feb. 25, 2015, Western Agricultural signed "Service
       Agreement" to conduct a "Market Value Appraisal of the
       Cottonwood Creek Ranch with three valuation scenarios: (1)
       Main house on 14 acres, (2) Ranch without the main house,
       (3) Both ranch and main house for an estimated fee of
       $5,500.  Time & Expenses at the rate of $135 per hour; not
       to exceed the above quote."

   (b) On Feb. 26, 2015, Western Agricultural signed "Service
       Agreement" to conduct a "Market Value Appraisal of the
       Sunset Hills Properties: (A) Remaining Sunset Hills
       subdivision parcels; (B) Sunset Hills 'North' property, (C)

       Sunset Hills 'South' property" for an "estimated fee of
       $9,000.  Time & Expenses at the rate of $135 per hour; not
       to exceed the above quote."

S. James Rickert, principal of Western Agricultural, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

                       About BR Enterprises

BR Enterprises, a California Partnership, sought Chapter 11
protection (Bankr. E.D. Cal. Case No. 15-21575) in Sacramento,
California, on Feb. 27, 2015, without stating a reason.

BR Enterprises owns 20.17 acres of undeveloped ranch located at
East of Interstate 5 and South of Lake California Drive, 2600 acres
of undeveloped ranch property located in Cottonwood California in
Tehama County; and 278 acres of contiguous parcels along HWY I-5.
The properties are valued at $10.5 million, according to the
schedules.

Antonio Rodriguez, III, the managing partner, signed the petition.

The Debtor, in its amended schedules disclosed $14,422,042 in
assets and $4,361,491 in liabilities as of the Chapter 11 filing.

The case is assigned to Judge Michael S. McManus.  George C.
Hollister, Esq., at Hollister Law Corporation, in Sacramento,
serves as the Debtor's counsel.

According to the docket, the deadline for filing claims by
governmental entities is Aug. 26, 2015.

A related entity, Shasta Enterprises, sought bankruptcy protection
(Case No. 14-30833) on Oct. 31, 2014.



CAESARS ENTERTAINMENT: Mark Frissora Assumes President & CEO Roles
------------------------------------------------------------------
Caesars Entertainment Corporation announced that Mark Frissora has
assumed the role of president and chief executive officer,
effective July 1, 2015.  This completes the transition plan
previously announced by Caesars Entertainment in February 2015.
Frissora joined Caesars Entertainment in February as president and
CEO designate.

As president and CEO, he continues to report to the Board of
Directors of the Company.  Frissora also joined the Board in
February.  Frissora also became president and CEO of Caesars
Enterprise Services and joins the CES Steering Committee.

Gary Loveman, former president and chief executive officer of
Caesars Entertainment, will continue to serve as chairman of the
Board of Caesars Entertainment.  In this role, he will continue to
oversee the restructuring of Caesars Entertainment Operating
Company.

"Since joining the company in February, I have visited most of our
domestic properties, met with all of the company's senior leaders
and focused my attention on identifying new opportunities to drive
growth and efficiency, which will ultimately create shareholder
value," Frissora said.  "I am excited about the opportunities ahead
and to become part of such a dynamic company and industry. Caesars
has a diverse collection of assets, a highly engaged management
team and employee base and strong loyalty among its customers.  I
am working with the leadership team and the Board to formulate a
multi-year growth strategy for the company that spans our footprint
in Las Vegas and other markets."

"Mark has quickly assumed leadership of the company and has spent
his early months at Caesars working closely with the senior team
and pursuing opportunities to increase productivity," said Marc
Rowan, founder of Apollo Global Management.  TPG founding partner,
David Bonderman, continued: "We have high confidence in Mark, and
believe his track record of driving growth and efficiency will
serve Caesars well."  Apollo and TPG are the principal shareholders
of Caesars Entertainment.

Frissora brings to Caesars his 38 years of business experience that
spans all levels of management and functional roles.  He spent the
last 14 years as chairman and CEO of two Fortune 500 companies,
Hertz Global Holdings, Inc. and Tenneco, Inc.  During Frissora's
tenure, each of those companies, received significant recognition
for employee and customer satisfaction as well as the
implementation of innovative technologies into the business.

Prior to joining Caesars Entertainment, Frissora was Chairman and
CEO of Hertz, where he led the consolidation of the rental-car
industry through the acquisitions of the Dollar Thrifty Automotive
Group.  He also expanded Hertz's U.S. off-airport business to
almost 3,000 locations, launched the Hertz 24/7 hourly car rental
service using on demand technology and acquired Donlen, Inc., a
leading North American vehicle fleet leasing and management
company.

Before that, Frissora served as chairman and chief executive
officer of Tenneco. from 2000 to 2006.  His past positions include
roles in sales, marketing and brand management at General Electric
as well as senior roles overseeing supply chain, engineering and
manufacturing at Tenneco.  Frissora also held positions at
Aeroquip-Vickers Corporation and Philips NV.

                    About Caesars Entertainment

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

In January 2015, Caesars Entertainment and subsidiary Caesars
Entertainment Operating Company, Inc., announced that holders of
more than 60% of claims in respect of CEOC's 11.25% senior secured
notes due 2017, CEOC's 8.5% senior secured notes due 2020 and
CEOC's 9% senior secured notes due 2020 have signed the Amended
and Restated Restructuring Support and Forbearance Agreement, dated
as of Dec. 31, 2014, among Caesars Entertainment, CEOC and the
Consenting Creditors.  As a result, The RSA became effective
pursuant to its terms as of Jan. 9, 2015.

Appaloosa Investment Limited, et al., owed $41 million on account
of 10% second lien notes in the company, filed an involuntary
Chapter 11 bankruptcy petition against CEOC (Bankr. D. Del. Case
No. 15-10047) on Jan. 12, 2015.  The bondholders are represented by
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor LLP.

CEOC and 172 other affiliates -- operators of 38 gaming and resort
properties in 14 U.S. states and 5 countries -- filed Chapter 11
bankruptcy petitions (Bank. N.D. Ill.  Lead Case No. 15-01145) on
Jan. 15, 2015.  CEOC disclosed total assets of $12.3 billion and
total debt of $19.8 billion as of Sept. 30, 2014.

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

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  Judge Benjamin Goldgar presides
over the cases.

The U.S. Trustee has appointed seven noteholders to serve in the
Official Committee of Second Priority Noteholders and nine members
to serve in the Official Unsecured Creditors' Committee.

The U.S. Trustee appointed Richard S. Davis as Chapter 11
examiner.

                         *     *     *

The Troubled Company Reporter, on April 27, 2015, reported that
Fitch Ratings has affirmed and withdrawn the Issuer Default
Ratings (IDR) and issue ratings of Caesars Entertainment Operating
Company (CEOC).  These actions follow CEOC's Chapter 11 filing on
Jan. 15, 2015.  Accordingly, Fitch will no longer provide ratings
or analytical coverage for CEOC.

In addition, Fitch has affirmed the IDR and issue rating of
Chester Downs and Marina LLC (Chester Downs) and the ratings have
been simultaneously withdrawn for business reasons.


CASCATA HOMES: North Dakota Suit Stayed
---------------------------------------
Magistrate Judge Charles S. Miller, Jr., of the United States
District Court for District of North Dakota, Northwestern Division,
stayed as to Cascata Homes, LLC, the litigation styled North Dakota
Developments, LLC, Plaintiff, v. Cascata Homes, LLC, Cascata Homes
Holdings, LLC, Chris Cuzalina, J Chris Quinn and Phillip Watson,
Defendants, Case No. 4:14-CV-151, (D. N.D.).

Cascata Homes filed a Chapter 11 bankruptcy petition on April 2,
2015, with the United States Bankruptcy Court for the Northern
District of Texas, Dallas Division.

Magistrate Miller ruled that upon review of the complaint and other
motion papers that have been filed, the Court concluded that the
particular circumstances of the case warrant an extension of the
stay to all defendants.  Accordingly, absent a showing of good
cause of why the case should not be stayed in its entirety, the
North Dakota Court sua sponte stays the proceedings as to the
remaining defendants.  The Plaintiff can seek to lift the stay by
filing a motion demonstrating that the stay should be lifted as to
the non-bankrupt defendants, Magistrate Miller said.

A full-text copy of Magistrate Miller's Order dated June 10, 2015,
is available at http://is.gd/ZtW1JHfrom Leagle.com.

Charles L. Neff, Esq. -- cneff@nefflawnd.com -- of Neff Eiken &
Neff PC serves as counsel for Plaintiff North Dakota Developments,
LLC.

Michael L. Forman, Esq. -- mforman@brownpruitt.com -- Heather N.
Sutton, Esq. -- hsutton@brownpruitt.com -- and Misty M. Pratt, Esq.
-- mpratt@brownpruitt.com -- of Brown Pruitt Wambsganss Ferrill &
Dean, P.C. serve as counsel for Defendant Cascata Homes, LLC.

Dallas, Texas-based Cascata Homes, LLC, sought protection under
Chapter 11 of the Bankruptcy Code on April 2, 2015 (Bankr. N.D.
Tex., Case No. 15-31374).  The case is assigned to Judge Harlin
DeWayne Hale.

Cascata Homes is a Texas liability company engaged in the
manufacturing of modular homes.  Its principle place of business is
located in Nebraska.

The Debtor's counsel Eric A. Liepins, Esq., at Eric A. Liepins,
P.C., in Dallas, Texas.


CDC CORP: 11th Circ. Bars Atty from Suing Board Director
--------------------------------------------------------
The United States Court of Appeals for the Eleventh Circuit
affirmed a district court's affirmance of a bankruptcy court's
order denying Timothy F. Coen, a licensed attorney, permission to
sue Joseph D. Stutz, who served as general counsel and a member of
the board of directors for CDC Corporation.

On September 5, 2012, the bankruptcy court confirmed a
reorganization plan for CDC.  On March 6, 2013, Coen filed a
complaint in the Northern District of Georgia alleging state law
claims for defamation and tortious interference against Stutz and
others.  Upon learning of the Plan Release, however, Coen ceased
efforts to serve Stutz.  Instead, on June 29, 2013, Coen moved for
permission from the bankruptcy court to sue Stutz.  In particular,
Coen sought a determination that no clause in the Plan barred his
suit against Stutz.  The bankruptcy court denied Coen permission to
sue Stutz.  The court stated that the Plan Release was "pretty
broad" and covered "just about anything" -- including the claims in
Coen's suit.

The Eleventh Circuit found that the bankruptcy court had
jurisdiction to bar Coen's suit against Stutz, and because the
doctrine laid out in Barton v. Barbour, 104 U.S. 126 (1881),
applies to Coen's suit.  Further, the Eleventh Circuit said Coen's
suit against Stutz falls comfortably within the bounds of Barton.
Coen's argument that Stutz was not a court-approved officer because
the bankruptcy court approved his executive service agreement
rather than him personally is unavailing, the Eleventh Circuit
further ruled.

The appeals case is TIMOTHY F. COEN, Plaintiff-Appellant, v. JOSEPH
D. STUTZ, CDC CORPORATION, Defendants-Appellees, In Re: CDC
CORPORATION, Debtor, NO. 14-13133 (11th Circ.).

A full-text copy of the Eleventh Circuit's Opinion dated June 11,
2015, is available at http://is.gd/OEdbDLfrom Leagle.com.

                          About CDC Corp

Based in Atlanta, CDC Corp. (Nasdaq: CHINA) --
http://www.cdccorporation.net/-- is the parent company of CDC  
Software (Nasdaq: CDCS).  CDC Software is based dually in
Shanghai, China, and Atlanta and produces enterprise software
applications, IT consulting services, outsourced applications
development and IT staffing.  The company's owners include Asia
Pacific Online Ltd., Xinhua News Agency and Evolution Capital
Management.

CDC Corp., doing business as Chinadotcom, filed a Chapter 11
petition (Bankr. N.D. Ga. Case No. 11-79079) on Oct. 4, 2011.
James C. Cifelli, Esq., at Lamberth, Cifelli, Stokes & Stout, PA,
in Atlanta, Georgia, serves as counsel.  Moelis & Company LLC
serves as its financial advisor and investment banker.  Marcus A.
Watson at Finley Colmer and Company serves as chief restructuring
officer.  The Debtor estimated assets and debts at US$100 million
to US$500 million as of the Chapter 11 filing.

The Official Committee of Equity Security Holders of CDC Corp. is
represented by Troutman Sanders.  The Committee tapped Morgan
Joseph TriArtisan LLC as its financial advisor.

The stock of CDC Software Corp. was sold for $249.8 million to an
affiliate of Vista Equity Holdings.

The Debtor won a bankruptcy judge's approval of a Chapter 11 plan
under which shareholders are slated to receive as much as $6.10 a
share.

On July 3, 2012, the Debtor and the Official Committee of Equity
Security Holders filed their First Amended Joint Plan of
Reorganization for CDC Corporation that provides for the sale of
all of the Debtor's assets, for the benefit of the Debtor's
creditors and equity interest holders.  Under the Plan, the
Debtor's chief restructuring officer, Marc Watson, will act as the
disbursing agent and reserve from the sale proceeds sufficient
funds to pay all Allowed Claims in full, plus interest, that
remain unpaid.


CENTENE CORP: Moody's Reviews Ba2 Sr. Debt Rating for Downgrade
---------------------------------------------------------------
Moody's Investors Service has placed Centene Corporation's Ba2
senior unsecured debt rating and the Baa2 insurance financial
strength (IFS) ratings of its operating subsidiaries on review for
downgrade following the company's announcement that it had entered
into a definitive agreement to acquire Health Net, Inc. for $6.8
billion. The purchase price includes the assumption of $500 million
of Health Net's outstanding debt and other related transaction
fees. The transaction, which is subject to regulatory approval and
other closing conditions, is expected to close by early 2016.

RATINGS RATIONALE

Moody's stated that the review for downgrade reflects the
challenges involved with the integration of the two companies as
well as the adverse impact of the financing terms. Although Centene
plans to use $3.9 billion of equity (almost 60% of the total
transaction) to fund the deal, the company will increase debt by
approximately $2.7 billion including debt assumed from Health Net.
As a result, at the close of the transaction pro forma adjusted
debt-to-capital (where debt includes unfunded pension liabilities
and operating leases) is expected to rise to approximately 44% from
39.7% as of March 31, 2015. According to the rating agency, further
weakening Centene's financial profile is the substantial increase
in the amount of goodwill associated with the purchase. The
transaction will add over $5 billion in goodwill and intangibles to
the balance sheet, exceeding total shareholders' equity at
closing.

The rating agency noted that somewhat offsetting these credit
negatives is the fact that Centene will have a more diverse product
offering and broader geographic footprint. Centene's expanded
business profile will include over one million commercial members
including a large base of public exchange members, 2.8 million
TriCare members, approximately 300,000 Medicare Advantage and dual
eligible members, and 1.6 million managed Medicaid lives in
California. The amount of the earnings benefit from all this
additional membership depends on Centene successfully integrating
the two companies, achieving planned expense synergies, and
retaining the business. Moody's noted that the multi-year TriCare
contract is set to expire in 2017 and that the re-procurement
process has already begun. While Health Net has successfully
defended its TriCare business in the past, the Department of
Defense will award the business to only two insurers for the new
contract period versus the three contracts it had awarded in the
past, which adds to the uncertainty of Centene retaining the
business longer term.

Steve Zaharuk, Moody's Senior Vice President, commented, "Although
Centene has past experience in developing and integrating small
insurance entities into its organization, Health Net, with its
diverse business and multi-state operations, will present different
challenges for Centene's management team. In particular, Health Net
has had a history of operational missteps over the years, although
the company has not had any major issues recently." In addition,
the rating agency noted that the California regulatory environment
is tough and complicated and will be a further test for
management.

The rating agency stated that its review of Centene's ratings will
focus on the completion and financing of the Health Net transaction
including regulatory approvals, which may take considerable time.
Moody's indicated that it anticipates a one notch downgrade to
Centene's long term ratings when its review is concluded. However,
the rating agency noted that the uncertainty created by the current
political and economic environment is not likely to abate before
the projected close date for the transaction in 2016, and adverse
developments over this time period could place additional downward
pressure on the ratings. Moody's also stated that if the
transaction is not completed and Centene's targeted RBC ratio
remains at the 170% level (CAL), with adjusted financial leverage
below 40%, the ratings could be confirmed.

The following ratings were placed on review for downgrade:

Centene Corporation -- senior unsecured debt rating at Ba2; senior
unsecured shelf debt rating at (P)Ba2; subordinated debt shelf
rating at (P)Ba3; corporate family rating at Ba2;

MHS Health Wisconsin -- insurance financial strength rating at
Baa2;

Peach State Health Plan, Inc. -- insurance financial strength
rating at Baa2;

Coordinated Care Corp. Indiana, Inc. -- insurance financial
strength rating at Baa2;

Superior HealthPlan, Inc. -- insurance financial strength rating at
Baa2.

Centene Corporation is headquartered in St. Louis, Missouri. For
the first three months of 2015 the company reported total revenues
of $5.1 billion with medical managed care membership as of March
31, 2015 of approximately 4.4 million. As of March 31, 2015 the
company reported shareholders' equity of approximately $1.8
billion.



CENTENE CORP: S&P Affirms 'BB' CCR Over Health Net Acquisition
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'BB'
long-term counterparty credit rating on Centene Corp.  The outlook
is positive.

"The affirmation reflects our expectation that Centene's business
risk profile assessment remains satisfactory and its financial risk
profile assessment remains lower adequate following the proposed
acquisition of Health Net," said Standard & Poor's credit analyst
Julie Herman.  The positive outlook on Centene reflects S&P's
expectation that if executed and integrated successfully, the
Health Net transaction will further support Centene's trajectory of
improving business positioning from profitable growth and
diversification, which was the basis for S&P's initial positive
outlook in May 2015.

Based on the expected financing structure, Centene's credit
protection measures will remain within S&P's expectations for the
current rating.  Centene is acquiring all outstanding shares of
Health Net for about $6.8 billion including debt assumed, financed
through a combination of stock issuance (66%), new debt (33%), and
cash on hand (1%).  Subject to regulatory approval, the company is
expecting a transaction close by early 2016.  In the interim, the
company has secured a $2.7 billion bridge loan facility--which S&P
expects to be replaced by new debt issued during the remainder of
2015.  The additional debt issued to finance Centene's acquisition
of Health Net will increase Centene's adjusted financial leverage
modestly and manageably to about 43% (including unfunded
post-retirement liabilities and operating leases), from 40% as of
first-quarter 2015.  Through a combination of earnings growth and
revolver pay-down, S&P expects the company to reduce leverage
fairly quickly to less than 40% by year-end 2016.  S&P expects
adjusted EBITDA coverage (which includes imputed interest on
operating leases) to remain more than 10x post-transaction.

At this point, S&P's rating on Health Net remains unaffected by
this transaction, given that the counterparty credit rating is
currently 'BB', the same as Centene.  S&P don't believe the rating
could go up following transaction close, as it would be capped by
that on Centene.  In addition, S&P don't believe the rating would
go down: The transaction is in line with Health Net's business risk
profile given the company's growing presence in the Medicaid space,
and the proposed financing structure does not impair Health Net's
credit quality.  Nevertheless, S&P could take a rating action on
Health Net based on its own stand-alone credit fundaments between
now and transaction close.  Alternatively, S&P could reevaluate our
stable outlook on Health Net and consider a positive outlook by
transaction close if we believe that the current rated operating
entities would be designated core to Centene within two years.

The positive outlook reflects S&P's expectation that Centene will
continue to improve its positioning and reduce potential earnings
volatility through profitable expansion and increased contract and
state diversification.  S&P expects the Health Net proposed
acquisition, if executed successfully, to further enhance business
positioning.  For Centene (stand-alone) during the next two years
   --and on a combined basis for Health Net if the transaction
closes-- S&P expects revenue growth in excess of 10%, EBIT margins
of at least 3%, 'BBB' capital redundancies, and leverage not
exceeding 40% on a sustained basis.

S&P may lower its rating if Centene's total adjusted capital
redundancy falls below the 'BBB' level per S&P's capital model.
This could be caused by a more-aggressive financial policy or a
significant and sustained decline in core earnings as a result of
adverse claim trends.  S&P may also lower its ratings if financial
leverage exceeds 40% for a sustained period, resulting in
diminished financial flexibility.  Furthermore, S&P could consider
negative rating movement if the Health Net acquisition proves
unsuccessful and results in earnings compression or competitive
challenges.

S&P could raise the rating in the next 12 to 24 months if Centene
is able to enhance positioning and lower risk of earnings and
capital volatility through successful execution of its growth and
diversification strategies.  For this to occur, S&P would need to
see the company sustain profitability with ROR of at least 3%,
showing it can manage its material growth, as well as increasing
presence in complex care populations.  If the Health Net
acquisition goes through, S&P would also need to see a track record
of at least a year under the combined entity of successful
strategic and operational execution and integration progress.

S&P could also raise the rating if it believes Centene can sustain
its statutory capital redundancy at the 'A' level through a
more-conservative financial policy or stronger internal cash-flow
generation.



CMC TELECOM: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: CMC Telecom, Inc.
        51151 Pontiac Trail
        Wixom, MI 48393

Case No.: 15-50082

Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       Eastern District of Michigan (Detroit)

Judge: Hon. Marci B McIvor

Debtor's Counsel: Michael P. DiLaura, Esq.
                  MIKE DILAURA & ASSOCIATES, PC
                  105 Cass Ave.
                  Mt. Clemens, MI 48043
                  Tel: (586) 468-5600
                  Fax: (586) 465-9113
                  Email: miked@mikedlaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Craig Champagne, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mieb15-50082.pdf


CO-OP ATLANTIC: Files for CCAA Protection; KPMG Named as Monitor
----------------------------------------------------------------
Co-op Atlantic, Co-op Energy Ltd., and C A. Realty Ltd. has
commenced court-supervised restructuring proceedings under the
Companies' Creditors Arrangement Act in Canada.

KPMG Inc. has been appointed by the Court of Queen's Bench of New
Brunswick as monitor in the Company's CCAA proceedings pursuant to
the order of the Court dated June 25, 2015.

The monitor can be reached at:

  KPMG Inc.
  Attention: George Bourikas
  333 Bay Street, Suite 4600
  Toronto, ON M5H 2S5
  Tel: 1 855 393 3546
  Email: gbourikas@kmpg.ca

Based in Canada, Co-op Atlantic -- http://www.coopatlantic.ca/--
provides agricultural, energy and social housing/real estate
services to organizations and businesses in communities in the
Atlantic region.


COCRYSTAL PHARMA: Shareholders Elect Seven Directors
----------------------------------------------------
Cocrystal Pharma, Inc., held its annual meeting of shareholders at
which the Company's shareholders:

   (1) elected Dr. Raymond Schinazi, Dr. Gary Wilcox,
       Mr. Jeffrey Meckler, Dr. David Block, Dr. Phillip Frost
       Dr. Jane Hsiao and Mr. Steven Rubin as members of the
       Company's board of directors to serve until the next Annual
       Meeting of Shareholders;

   (2) approved and ratified the 2015 Equity Incentive Plan;

   (3) approved a reverse split of the Company's common stock;

   (4) approved, on an advisory basis, the compensation of the
       Company's Named Executive Officers;

   (5) voted in favor of holding future advisory vote on Executive

       Compensation every three years; and

   (6) ratified the selection of BDO USA, LLP as Company's
       Independent Registered Public Accounting Firm for Fiscal
       Year 2015.

                      About Cocrystal Pharma

Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,
Inc., is a pharmaceutical company with a mission to discover novel
antiviral therapeutics as treatments for serious and/or chronic
viral diseases.  Cocrystal Pharma employs unique technologies and
Nobel Prize winning expertise to create first- and best-in-class
antiviral drugs.  These technologies and the Company's market-
focused approach to drug discovery are designed to efficiently
deliver small molecule therapeutics that are safe, effective and
convenient to administer.

The Company's primary business going forward is to develop novel
medicines for use in the treatment of human viral diseases.
Cocrystal has been developing novel technologies and approaches to
create first-in-class and best-in-class antiviral drug candidates
since its initial funding in 2008.  Subsequent funding was
provided to Cocrystal Discovery, Inc., by Teva Pharmaceuticals
Industries, Ltd., or Teva, in 2011.  The Company's focus is to
pursue the development and commercialization of broad-spectrum
antiviral drug candidates that will transform the treatment and
prophylaxis of viral diseases in humans.  By concentrating the
Company's research and development efforts on viral replication
inhibitors, the Company plans to leverage its infrastructure and
expertise in these areas.

Cocrystal Pharma reported a net loss of $99,000 in 2014 following a
net loss of $3.8 million in 2013.

As of March 31, 2015, the Company had $269 million in total assets,
$79.9 million in total liabilities, and $189 million in total
stockholders' equity.


COLLEGE BOOK: CAJM's Renewed Summary Judgment Bid Denied
--------------------------------------------------------
Judge Todd J. Campbell of the United States District Court for
Middle District of Tennessee, Nashville Division, denied CA Jones
Management Group, LLC's renewed motion for summary judgment
dismissing the adversary proceeding captioned ROBERT H.
WALDSCHMIDT, TRUSTEE, v. CA JONES MANAGEMENT GROUP, LLC, et al.,
Adv. Proceeding No.:  3-15-0141, (M.D. Ten.), after determining
that the Defendants have not carried their burden of showing that
there are no genuine issues of material fact and they are entitled
to judgment as a matter of law.

Robert H. Waldschmidt, the Chapter 11 Trustee for College Book
Rental Company, LLC, sued CAJM, a company that managed the
operations and financial affairs of numerous entities, including
the Debtor, over numerous questionable transactions benefitting the
Defendants and their related companies to the detriment of the
Debtor.  The Complaint alleges breach of fiduciary duty and
fraudulent transfers and seeks to recover transfers and damages on
behalf of the Debtor.  While the adversary proceeding was pending
in the Bankruptcy Court, the Defendants moved for summary judgment
on the Trustee's claims, and the Bankruptcy Judge denied
Defendants' Motion.  The Defendants renewed that Motion with the
District Court.

Judge Campbell ruled that a jury will have to determine which facts
to believe and then whether the Plaintiff has proved breach of
fiduciary duty and/or fraudulent transfers.  With regard to the
Defendants' reliance upon the business judgment rule under Wyoming
law, the District Court noted that the Defendants are not
disinterested and independent "directors" of the Debtor.  Moreover,
Judge Campbell noted, the presumption applies where the directors
act with due care, good faith and in the honest belief that they
are acting in the best interests of the company.  The allegations
in the case are that Charles A. Jones breached his fiduciary duties
and duties of care, and the Plaintiff has shown there to be genuine
issues of material fact as to these allegations.

The bankruptcy case is IN RE: COLLEGE BOOK RENTAL COMPANY, LLC,
Debtor, NO. 12-09130 (Bankr. M.D. Tenn.).

Russell B. Morgan, Esq. -- rmorgan@babc.com -- and William L.
Norton, III, Esq. -- bnorton@babc.com -- of Bradley Arant Boult
Cummings LLP serve as counsel for Plaintiff Robert H. Waldschmidt.

Kent Wicker, Esq. -- kwicker@dblaw.com -- and Nicole S. Elver, Esq.
-- nelver@dblaw.com -- of Dressman Benzinger LaVelle, PSC, and Sean
C. Kirk, Esq. -- skirk@bonelaw.com -- of Bone, McAllester & Norton,
PLLC, serve as counsel for Defendant CA Jones Management Group,
LLC.

A full-text copy of Judge Campbell's Memorandum dated June 10,
2015, is available at http://is.gd/6NQkejfrom Leagle.com.

                        About College Book

Four creditors filed an involuntary Chapter 11 bankruptcy petition
against Murray, Kentucky-based College Book Rental Company, LLC
(Bankr. M.D. Ky. Case No. 12-09130) in Nashville on Oct. 4, 2012.
Bankruptcy Judge Marian F. Harrison oversees the case.  The
petitioning creditors are represented by Joseph A. Kelly, Esq., at
Frost Brown Todd LLC.  The petitioning creditors are David
Griffin,
allegedly owed $15 million for money loaned; Commonwealth
Economics, allegedly owed $15,000 for unpaid services provided;
John Wittman, allegedly owed $158 for unpaid services provided;
and
CTI Communications, allegedly owed $21,793 for unpaid services
provided.

The owners of College Book Rental consented to the Chapter 11 case
and the appointment of a Chapter 11 trustee to run CBR.  CBR is
co-owned by Chuck Jones of Murray and David Griffin of Nashville,
Tenn.

An agreed order for relief under Chapter 11 was entered on
Oct. 15, 2012.  Robert H. Waldschmidt was appointed as trustee the
next day.  The Trustee employed Robert H. Waldschmidt, Esq. at
Howell & Fisher, PLLC as his counsel.

The Debtor disclosed $17,913,543 in assets and $25,322,442 in
liabilities as of the Chapter 11 filing.

As reported by the Troubled Company Reporter on Sept. 9, 2013,
Judge Harrison converted the Chapter 11 case to one under Chapter
7
of the Bankruptcy Code.  The Chapter 11 trustee requested for the
conversion of the case.


COLT DEFENSE: Colt Holding Company Named as Foreign Representative
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Colt Holding Company LLC, et al., to appoint Colt Holding Company
LLC as foreign representative on behalf of the Debtors' estates in
any judicial or other proceeding in any foreign country, including
Canada.

                        About Colt Defense

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 12, 2015, Colt's exchange offer, consent solicitation and
solicitation of acceptances of a prepackaged plan of
reorganization, dated April 14, 2015, as supplemented, with respect
to its $250 million in 8.75% Senior Notes due 2017 expired. The
conditions to the exchange offer, the consent solicitation and the
prepackaged plan of reorganization were not satisfied, and those
conditions were not waived by Colt.
Colt's restructuring support agreement with Marblegate Special
Opportunities Master Fund, L.P. and Morgan Stanley Senior Funding,
Inc., the Company's senior secured term loan lenders, requires it
to file for Chapter 11 bankruptcy.

Accordingly, Colt Holding Company LLC and nine affiliates,
including Colt Defense LLC, on June 14, 2015, filed voluntary
petitions (Bankr. D. Del. Lead Case No. 15-11296) for relief under
Chapter 11 of the Bankruptcy Code to pursue a sale of the assets as
a going concern.  Colt Defense estimated $100 million to $500
million in assets and debt.

On June 16, 2015, the Court directed the joined administration of
the assets.

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.  Perella Weinberg Partners L.P. is
acting as financial advisor of the Company, and Mackinac Partners
LLC is acting as its restructuring advisor.

Wilmington Savings Fund Society, FSB, as agent under the $13.33
million Term DIP Loan Agreement, is represented by Pryor Cashman
LLP's Eric M. Hellige, Esq.; and Willkie Farr & Gallagher LLP's
Leonard Klingbaum, Esq.

Cortland Capital Market Services LLC, as agent under the $6.67
million Senior DIP Credit Agreement, is represented by Holland &
Knight LLP's Joshua M. Spencer, Esq.; Stroock & Stroock & Lavan
LLP's Brett Lawrence, Esq.; and Osler, Hoskin & Harcourt LLP's
Richard Borins, Esq., and Tracy Sandler, Esq.

                           *     *     *

Colt's equity sponsor, Sciens Capital Management, has agreed to act
as a stalking horse bidder in the proposed asset sale. Details of
the deal were not provided in Colt's news statement announcing the
Chapter 11 filing.  Colt, however, said it would be soliciting
competing bids and has appointed an independent committee of its
board of managers to manage the process and evaluate bids.  Colt
expects to complete the entire Chapter 11 process in 60-90 days.

                           *     *     *

Colt's equity sponsor, Sciens Capital Management, has agreed to act
as a stalking horse bidder in the proposed asset sale. Details of
the deal were not provided in Colt's news statement announcing the
Chapter 11 filing.  Colt, however, said it would be soliciting
competing bids and has appointed an independent committee of its
board of managers to manage the process and evaluate bids.  Colt
expects to complete the entire Chapter 11 process in 60-90 days.

The U.S. Trustee for Region 3 appointed five creditors of Colt
Defense Inc. and its affiliates to serve on the official committee
of unsecured creditors.



COLT DEFENSE: Court Directs Joint Administration of the Cases
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware directed the
joint administration of the Chapter 11 cases of Colt Holding
Company LLC, et al., for procedural purposes only.  The lead case
will be that of Colt Holding Company, under Case No. 15-11296.

                            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 12, 2015, Colt's exchange offer, consent solicitation and
solicitation of acceptances of a prepackaged plan of
reorganization, dated April 14, 2015, as supplemented, with respect
to its $250 million in 8.75% Senior Notes due 2017 expired. The
conditions to the exchange offer, the consent solicitation and the
prepackaged plan of reorganization were not satisfied, and those
conditions were not waived by Colt.
Colt's restructuring support agreement with Marblegate Special
Opportunities Master Fund, L.P. and Morgan Stanley Senior Funding,
Inc., the Company's senior secured term loan lenders, requires it
to file for Chapter 11 bankruptcy.

Accordingly, Colt Holding Company LLC and nine affiliates,
including Colt Defense LLC, on June 14, 2015, filed voluntary
petitions (Bankr. D. Del. Lead Case No. 15-11296) for relief under
Chapter 11 of the Bankruptcy Code to pursue a sale of the assets as
a going concern.  Colt Defense estimated $100 million to $500
million in assets and debt.

On June 16, 2015, the Court directed the joined administration of
the assets.  Colt Holding Company LLC was appointed as foreign
representative in any judicial or other proceeding in any foreign
country, including Canada.

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.  Perella Weinberg Partners L.P. is
acting as financial advisor of the Company, and Mackinac Partners
LLC is acting as its restructuring advisor.

Wilmington Savings Fund Society, FSB, as agent under the $13.33
million Term DIP Loan Agreement, is represented by Pryor Cashman
LLP's Eric M. Hellige, Esq.; and Willkie Farr & Gallagher LLP's
Leonard Klingbaum, Esq.

Cortland Capital Market Services LLC, as agent under the $6.67
million Senior DIP Credit Agreement, is represented by Holland &
Knight LLP's Joshua M. Spencer, Esq.; Stroock & Stroock & Lavan
LLP's Brett Lawrence, Esq.; and Osler, Hoskin & Harcourt LLP's
Richard Borins, Esq., and Tracy Sandler, Esq.

The U.S. Trustee for Region 3 appointed five creditors of Colt
Defense Inc. and its affiliates to serve on the official committee
of unsecured creditors.

                           *     *     *

Colt's equity sponsor, Sciens Capital Management, has agreed to act
as a stalking horse bidder in the proposed asset sale. Details of
the deal were not provided in Colt's news statement announcing the
Chapter 11 filing.  Colt, however, said it would be soliciting
competing bids and has appointed an independent committee of its
board of managers to manage the process and evaluate bids.  Colt
expects to complete the entire Chapter 11 process in 60 to 90
days.




COLT DEFENSE: Kurtzman Carson Okayed as Claims Agent
----------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Colt Holding Company LLC, et al., to employ Kurtzman Carson
Consultants LLC as claims and noticing agent, nunc pro tunc to the
Petition Date.  KCC will perform the claims and noticing services
to receive, maintain record, and otherwise administer the proofs of
claim filed in the Chapter 11 cases and all related tasks.

                            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 12, 2015, Colt's exchange offer, consent solicitation and
solicitation of acceptances of a prepackaged plan of
reorganization, dated April 14, 2015, as supplemented, with respect
to its $250 million in 8.75% Senior Notes due 2017 expired. The
conditions to the exchange offer, the consent solicitation and the
prepackaged plan of reorganization were not satisfied, and those
conditions were not waived by Colt.
Colt's restructuring support agreement with Marblegate Special
Opportunities Master Fund, L.P. and Morgan Stanley Senior Funding,
Inc., the Company's senior secured term loan lenders, requires it
to file for Chapter 11 bankruptcy.

Accordingly, Colt Holding Company LLC and nine affiliates,
including Colt Defense LLC, on June 14, 2015, filed voluntary
petitions (Bankr. D. Del. Lead Case No. 15-11296) for relief under
Chapter 11 of the Bankruptcy Code to pursue a sale of the assets as
a going concern.  Colt Defense estimated $100 million to $500
million in assets and debt.

On June 16, 2015, the Court directed the joined administration of
the assets.  Colt Holding Company LLC was appointed as foreign
representative in any judicial or other proceeding in any foreign
country, including Canada.

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.  Perella Weinberg Partners L.P. is
acting as financial advisor of the Company, and Mackinac Partners
LLC is acting as its restructuring advisor.

Wilmington Savings Fund Society, FSB, as agent under the $13.33
million Term DIP Loan Agreement, is represented by Pryor Cashman
LLP's Eric M. Hellige, Esq.; and Willkie Farr & Gallagher LLP's
Leonard Klingbaum, Esq.

Cortland Capital Market Services LLC, as agent under the $6.67
million Senior DIP Credit Agreement, is represented by Holland &
Knight LLP's Joshua M. Spencer, Esq.; Stroock & Stroock & Lavan
LLP's Brett Lawrence, Esq.; and Osler, Hoskin & Harcourt LLP's
Richard Borins, Esq., and Tracy Sandler, Esq.

The U.S. Trustee for Region 3 appointed five creditors of Colt
Defense Inc. and its affiliates to serve on an official committee
of unsecured creditors.

                           *     *     *

Colt's equity sponsor, Sciens Capital Management, has agreed to act
as a stalking horse bidder in the proposed asset sale. Details of
the deal were not provided in Colt's news statement announcing the
Chapter 11 filing.  Colt, however, said it would be soliciting
competing bids and has appointed an independent committee of its
board of managers to manage the process and evaluate bids.  Colt
expects to complete the entire Chapter 11 process in 60 to 90
days.



CONTINENTAL BUILDING: S&P Raises CCR to 'BB-', Outlook Stable
-------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Reston, Va.-based Continental Building Products
Inc. to 'BB-' from 'B'.  The outlook is stable.

At the same time, S&P raised its issue-level rating on the
company's $465 million first-lien senior secured credit facilities,
consisting of a $50 million revolving credit facility and a $415
million term loan, to 'BB+' from 'B+'.  S&P also revised the
recovery rating on the debt to '1' from '2'.  The '1' recovery
rating indicates S&P's expectations for very high (90% to 100%)
recovery in the event of a payment default.

"We raised our rating on Continental after affiliates of Lone Star
Funds sold their controlling interest in the company," said
Standard & Poor's credit analyst Maurice Austin.

As a consequence of Lone Star Funds' secondary public offering of
4.6 million shares and its private transaction selling $20 million
of stock to Continental, the Lone Star Funds affiliates' ownership
stake has decreased to about 27%.

The ratings on Continental reflect the combination of its "fair"
business risk profile and "significant" financial risk profile, as
defined in S&P's criteria.

S&P's "fair" business risk assessment incorporates the company's
above-average EBITDA margins relative to those of its peers,
exposure to the cyclical residential and commercial construction
sectors, small size relative to competitors, and single paper
supplier.

Under S&P's base-case scenario, it expects top line growth of about
3% in 2015.  The increase is due to an improving macroeconomic
housing market that has led to increased wallboard demand, higher
pricing for wallboard, and growing volume.  S&P expects debt to
EBITDA of about 2.5x and funds from operations (FFO) to total debt
of about 30% in 2015, which S&P considers good for a "significant"
financial risk profile.

The stable rating outlook reflects S&P's expectation of improved
operating performance due to recovering residential construction,
and repair and remodeling spending.  As a result, S&P expects
Continental to continue to generate positive free cash flow that
S&P expects will go toward repayment of debt.  S&P expects EBITDA
to climb to $125 million this year with target leverage below 4x,
commensurate with a "significant" financial risk assessment.

S&P could lower the rating if credit measures weaken from current
levels such that leverage is likely to be maintained between 4x and
5x.  This could occur if Continental pursues additional
debt-financed acquisitions or other debt-financed,
shareholder-friendly initiatives.

Based on S&P's view of the company's "fair" business risk profile
and acquisition-driven growth strategy, it believes an upgrade is
unlikely in the next year.  However, S&P could raise the rating if
leverage declines and is sustained below 3x, and FFO to debt is
sustained above 30%, through the cycle, commensurate with an
"intermediate" financial risk profile.



CORINTHIAN COLLEGES: Proposes Aug. 26 Plan Confirmation Hearing
---------------------------------------------------------------
Corinthian Colleges, Inc., et al., filed with the U.S. Bankruptcy
Court for the District of Delaware a Chapter 11 plan of liquidation
and accompanying disclosure statement and proposed an Aug. 26, 2015
Plan Confirmation Hearing and an Aug. 21 Confirmation Objection
Deadline.

The Combined Plan and Disclosure Statement constitutes a
liquidating chapter 11 plan for the Debtors.  The Combined Plan and
Disclosure Statement provides for the Debtors' assets already
liquidated or to be liquidated over time and for the proceeds to be
distributed to holders of Allowed Claims in accordance with the
terms of the Combined Plan and Disclosure Statement and the
priority of claims provisions of the Bankruptcy Code.  The Combined
Plan and Disclosure Statement provides for the establishment of the
Distribution Trust which will be the means to effect the
liquidation and distribution.  The Debtors will be dissolved as
soon as practicable on or after the Effective Date.

The Plan provides the following classification and treatment of
claims:

Class   Type                                   Status
-----   ----                                   ------
  1     Prepetition Lenders Secured Claims     Impaired
  2     Other Secured Claims                   Unimpaired
  3     Other Priority Claims                  Unimpaired
  4     General Unsecured Claims               Impaired
  5     Intercompany Claims                    Impaired
  6     Equity Interests                        Impaired

The Debtors ask the Court to convene a hearing on July 22, 2015, to
consider approval of the Disclosure Statement.  The Debtors propose
that objections to the Disclosure Statement be filed on or before
July 15.

A full-text copy of the combined Plan and Disclosure Statement,
dated July 1, 2015, is available at
http://bankrupt.com/misc/CCIplan0701.pdf

                     About Corinthian Colleges

Corinthian Colleges, Inc., Pegasus Education, Inc., and 23
affiliated entities filed voluntary Chapter 11 petitions (Bankr. D.
Del. Lead Case No. 15-10952) on May 4, 2015, to complete an orderly
wind down of its operations.  The cases are jointly administered
Case No. 15-10952.

Judge Kevin J. Carey presides over the case.  Richards, Layton &
Finger, P.A., represents the Debtors in their restructuring
efforts; FTI Consulting, Inc., serves as restructuring advisors;
and Rust Consulting/Omni Bankruptcy serves as claims and noticing
agent.

Corinthian Colleges, Inc., disclosed $721,596,789 in assets and
$2,929,448,278 in liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 3 appointed five creditors to serve on
an official committee of unsecured creditors.  The Creditors'
Committee retains Polsinelli PC as co-counsel, Brown Rudnick LLP as
co-counsel, Rosner Law Group LLC as Delaware counsel, and
Gavin/Solmonese LLC as financial advisor.


CORINTHIAN COLLEGES: UST to Continue Sec. 341 Meeting July 22
-------------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of Corinthian
Colleges Inc. will continue the meeting of creditors on July 22,
2015 at 10:00 a.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
2207, 2nd Floor, 844 North King Street, in Wilmington, Delaware.

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

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

                     About Corinthian Colleges

Corinthian Colleges, Inc., Pegasus Education, Inc., and 23
affiliated entities filed voluntary Chapter 11 petitions (Bankr. D.
Del. Lead Case No. 15-10952) on May 4, 2015, to complete an orderly
wind down of its operations.  The cases are jointly administered
Case No. 15-10952.

Judge Kevin J. Carey presides over the case.  Richards, Layton &
Finger, P.A., represents the Debtors in their restructuring
efforts; FTI Consulting, Inc., serves as restructuring advisors;
and Rust Consulting/Omni Bankruptcy serves as claims and noticing
agent.

Corinthian Colleges, Inc., disclosed $721,596,789 in assets and
$2,929,448,278 in liabilities as of the Chapter 11 filing.

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


COVENTRY LOCAL SCHOOL: Moody's Cuts GO Debt Rating to 'Ba2'
-----------------------------------------------------------
Moody's Investors Service has downgraded to Ba2 from Baa1 the
underlying rating on Coventry Local School District, OH's
outstanding general obligation unlimited tax (GO) debt and assigned
a negative outlook. The downgrade affects $28.3 million in
outstanding GO debt.

SUMMARY RATING RATIONALE

The Ba2 reflects the deteriorated financial position of the
district that currently has a negative cash position in its General
Fund with a deficit financing with five-year Tax Anticipation Notes
(TANs). The rating also incorporates the district's modestly-sized
tax base that serves a small portion of the city of Akron (Aa3) and
neighboring suburban communities; elevated debt burden; and
exposure to two underfunded cost-sharing retirement plans.

OUTLOOK

The negative outlook reflects the district's recent track record of
negative budget variances and lack of sufficient plans to rebuild
General Fund reserves to positive levels. Any further deterioration
of the district's extremely narrow reserve levels could result in a
downward rating action.

WHAT COULD MAKE THE RATING GO UP

-- Sustained operating surpluses leading to material growth in
reserves

WHAT COULD MAKE THE RATING GO DOWN

-- Failure to approve a new operating levy

-- Continued structural imbalance leading to further narrowing of

    reserves

OBLIGOR PROFILE

The district is located in Summit County in northeast Ohio
encompassing approximately 22 square miles. The district provides
education to approximately 2,125 students in grades K through 12.
Enrollment at the district has decreased at an average annual rate
of 2.9% over the last five years.

LEGAL SECURITY

The rated bonds are secured by the district's GOULT pledge which
benefits from a dedicated property tax levy that is unlimited as to
rate or amount.



CURTIS VALE WOMELSDORF: Tribe Not Immune from Rule 2004, Judge Says
-------------------------------------------------------------------
The United States Bankruptcy Court for the District of Oregon
previously approved the ex parte application of Joseph M. Charter,
the Chapter 7 trustee for Curtis Vale Womelsdorf and LaVonne Mae
Womelsdorf, for an order requiring the Seven Feathers Casino Resort
to provide specified information.  In response, the Umpqua Indian
Development Corporation specially appeared, asserting that it was
the real party in interest, and that the order should be vacated on
grounds of tribal immunity.  After a hearing, the Court ruled from
the bench that the objection should be overruled.  UIDC then moved
for reconsideration, and the Court, after a second hearing, agreed
to take the matter under advisement.

Having thoroughly considered the issues raised by the parties,
Chief Bankruptcy Judge Frank R. Alley determined that neither the
tribe nor its corporations may refuse to comply with the Trustee's
examination requests on the grounds of tribal sovereign immunity.
Judge Alley found out that the Congress has abrogated tribal
immunity with respect to pertinent provisions of the Bankruptcy
Code and the Federal Rules of Bankruptcy Procedure, including Rule
2004.  It follows that the tribe, its wholly-owned corporation, and
the corporation's divisions, including the Seven Feathers Casino
and Resort, are subject to the Court's order under Rule 2004, and
are required to comply with the order, Judge Alley said.  In
addition, the Respondents should be required to comply with the
Trustee's inquiry without further delay, Judge Alley further
ruled.

A full-text copy of Judge Alley's Memorandum dated June 11, 2015,
is available at http://is.gd/khSIccfrom Leagle.com.


DANDRIT BIOTECH: Changes Fiscal Year End to June 30
---------------------------------------------------
DanDrit Biotech USA, Inc., disclosed that it changed its fiscal
year end from December 31 to June 30.  Accordingly, the Company's
new fiscal year will be from July 1 through June 30.  The Company
will next file its Annual Report on Form 10-K which will include
the transition period from Dec. 31, 2015, through June 30, 2015.

                           About DanDrit

DanDrit Biotech USA, Inc., a biotechnology company, develops
vaccine for the treatment of colorectal cancer primarily in the
United States, Europe, and Asia.  Its lead compound includes
MelCancerVac(MCV), a cellular therapy, which is in a comparative
Phase IIb/III clinical trial for advanced colorectal cancer.  It
also develops MelVaxin that is similar to the lysate component of
MCV for injecting into the skin to promote natural dendritic cell
responses that will attack the tumor expressing cancer/testis
antigens.  The company was founded in 2001 and is headquartered in
Copenhagen, Denmark.

Dandrit Biotech reported a net loss of $2.37 million on $0 of net
sales for the year ended Dec. 31, 2014, compared to a net loss of
$2.14 million on $32,800 of net sales for the year ended Dec. 31,
2013.

As of March 31, 2015, the Company had $3.64 million in total
assets, $972,000 in total liabilities and $2.67 million in total
stockholders' equity.


DYCOM INDUSTRIES: Repurchase Program No Impact on Moody's Ba2 CFR
-----------------------------------------------------------------
Moody's Investors Service said that Dycom Industries, Inc.'s
announcement on July 1, 2015 that its Board of Directors authorized
a $40 million share repurchase program will not impact its Ba2
Corporate Family rating (CFR), SGL-1 Speculative Grade Liquidity
rating or the stable outlook.

Dycom Industries, Inc., located in Palm Beach Gardens, Florida, is
a leading provider of specialty contracting services in North
America. Dycom provides engineering, construction and maintenance
services that assist telecommunication and cable television
providers expand and monitor their network infrastructure in a cost
effective manner. The company also provides underground locating
services for telephone, cable, power, gas, water, and sewer
utilities. Dycom generated contract revenues approximating $1.9
billion for the twelve months ended April 25, 2015.



EDENOR SA: CEO Edgardo Volosin Resigns
--------------------------------------
Edgardo A. Volosín tendered his resignation as chief executive
officer of Edenor SA effective July 1, 2015, for personal reasons,
according to a regulatory filing with the Securities and Exchange
Commission.  Mr. Volosín will continue acting as regular member of
the Company's Board of Directors.

The Company's Chairman of the Board, Mr. Ricardo A. Torres, will
also be its CEO.

                          About Edenor SA

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

Edenor SA reported a loss of ARS780 million on ARS3.59 billion of
revenue for the year ended Dec. 31, 2014, compared with profit of
ARS773 million on ARS3.44 billion of revenue for the year ended
Dec. 31, 2013.

As of March 31, 2015, the Company had ARS10.07 billion in total
assets, ARS9.22 billion in total liabilities and ARS855 million in
total equity.


ENERGY FUTURE: Disclosure Statement Set for Aug. 18
---------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will convene
a hearing on Aug. 18, 2015, at 9:00 a.m., to consider approval of
the disclosure statement explaining Energy Future Holdings Corp.,
et al.'s plan of reorganization.

Aug. 6 is the deadline by which any party must file any objection
to the Disclosure Statement.  Aug. 13 is the deadline by which the
Debtors must file their reply to all timely objections by the
Disclosure Statement.

Judge Christopher Sontchi, in an order, strongly encourages the
parties to resolve all evidentiary disputes before the hearing on
the confirmation of the Plan and strongly discourages the parties
from pursuing expensive, time-consuming, and unnecessary discovery
or litigation regarding the Plan.

As reported in the April 15, 2015 edition of the TCR, the Debtors
filed a joint plan of reorganization and disclosure statement,
which provides for a comprehensive restructuring and
recapitalization of the Debtors' pre-bankruptcy obligations and
corporate form, preserves the going concern value of the Debtors'
businesses, maximizes recoveries available to all constituents,
provides for an equitable distribution to the Debtors'
stakeholders, protects the jobs of employees, and ensures continued
provision of electricity in Texas to the Texas Competitive Electric
Holdings Company LLC's 1.7 million retail customers and the smooth
delivery of electricity to the entire state through the TCEH
Debtors' generation activities.

Knife River Corporation - South objected to the proposed Disclosure
Statement, complaining that it does not have adequate information
to make an informed judgment about the plan, including a judgment
regarding whether or not the Debtors' proposed treatment of secured
claims of the C1 class will truly result in the claimants being
unimpaired.

Knife River is represented by:

         Michael Busenkell, Esq.
         GELLERT SCALI BUSENKELL & BROWN, LLC
         Wilmington, DE 425-19801
         Tel: (302) 425-5812
         Fax: (302) 425-5814
         E-mail: mbusenkell@gsbblaw.com

                        About Energy Future

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

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

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

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

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

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

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

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

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


ERG INTERMEDIATE: Court Denies Bid of J-5 to Put Suit on Hold
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas has
denied J-5 Equestrian LLC's bid to put a lawsuit filed by ERG
Intermediate Holdings LLC's parent company on a temporary hold.

CTS Properties in April sued J-5 Equestrian over the ownership of
horses sold in an auction held earlier this year.  

J-5 Equestrian, the winning bidder in the public auction, wanted to
put the lawsuit on hold until its dispute with CTS Properties over
the ownership of the horses is settled judicially.

ERG earlier opposed the request, arguing that it is "in the best
interests" of the company to allow the case to proceed in the
Florida court where it was filed.  The company said it will
intervene in the case once it finds out that the horses are "estate
property."

                        About ERG Resources

ERG Resources, LLC, is a privately owned oil & gas producer that
was formed in 1996.  Since 2010, ERG Resources and ERG Operating
Co. have been primarily engaged in the exploration and production
of crude oil and natural gas in the Cat Canyon Field in Santa
Barbara County, California.  ERG Resources owns 19,027 gross lease
acreage in the Cat Canyon Field.  ERG Resources also owns and
operates oil & gas leases representing 683 gross acres of leasehold
located in Liberty County, Texas.  The Company's corporate
headquarters is located in Houston, Texas.  Scott Y. Wood, through
two of his affiliates, owns 100% of the membership units in ERG
Intermediate Holdings LLC, the parent company.

ERG Intermediate Holdings, ERG Resources and three affiliates
sought Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case No.
15-31858) on April 30, 2015, in Dallas, Texas.

The Debtors tapped Jones Day as counsel; DLA Piper as co-counsel;
AP Services, LLC, to provide a CRO; and Epiq Bankruptcy Solutions,
LLC.

ERG Intermediate estimated $100 million to $500 million in assets
and debt.

The U.S. Trustee overseeing the Chapter 11 case of ERG Intermediate
Holdings LLC appointed five creditors of the company to serve on
the official committee of unsecured creditors.


ERG INTERMEDIATE: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
ERG Intermediate Holdings, LLC, filed with the U.S. Bankruptcy
Court for the Northern District of Texas its schedules of assets
and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $400,000,000
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                                $0
                                 -----------      -----------
        Total                             $0     $400,000,000

A copy of the schedules is available for free at:

    http://bankrupt.com/misc/ERGIntermediate_190_SAL_June2.pdf

                       About ERG Resources

ERG Resources, LLC, is a privately owned oil & gas producer that
was formed in 1996.  Since 2010, ERG Resources and ERG Operating
Co. have been primarily engaged in the exploration and production
of crude oil and natural gas in the Cat Canyon Field in Santa
Barbara County, California.  ERG Resources owns 19,027 gross lease
acreage in the Cat Canyon Field.  ERG Resources also owns and
operates oil & gas leases representing 683 gross acres of leasehold
located in Liberty County, Texas.  The Company's corporate
headquarters is located in Houston, Texas.  Scott Y. Wood, through
two of his affiliates, owns 100% of the membership units in ERG
Intermediate Holdings LLC, the parent company.

ERG Intermediate Holdings, ERG Resources and three affiliates
sought Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case No.
15-31858) on April 30, 2015, in Dallas, Texas.

The Debtors tapped Jones Day as counsel; DLA Piper as co-counsel;
and Epiq Bankruptcy Solutions, LLC.  Rebecca A. Roof of AP
Services, LLC was designated as chief restructuring officer.

ERG Intermediate estimated $100 million to $500 million in assets
and debt.  ERG Intermediate Holdings, LLC disclosed $0 in total
assets and $400,000,000 in liabilities as of the Chapter 11
filing.

The U.S. Trustee appointed five creditors of the company to serve
on the official committee of unsecured creditors.  The Committee
tapped to retain Pachulski Stang Ziehl & Jones LLP as lead counsel,
Searcy & Searcy P.C., as local counsel, and Conway Mackenzie, Inc.
as its financial advisor.


ERG INTERMEDIATE: Gets Final Approval to Borrow $17.5M From CLMG
----------------------------------------------------------------
A federal judge approved a $17.5 million financing to get ERG
Intermediate Holdings LLC and its affiliates through bankruptcy.

U.S. Bankruptcy Judge Harlin DeWayne Hale, who previously gave ERG
interim approval to get a $5 million loan, approved the $17.5
million financing to be provided by CLMG Corp. which serves as
administrative agent for a consortium of lenders.

CLMG will be granted "superpriority" claim and "first priority"
liens and security interests in some of ERG's properties as
protection, according to the order.

The collateral does not include funds maintained under ERG's 2010
agreement with IndemCo LP in connection with its deal with U.S.
Specialty Insurance Company.

ERG's move to get a loan drew flak from Chevron U.S.A. Inc. and the
unsecured creditors' committee, court filings show.

Chevron, the company's largest unsecured creditor, said it opposes
any provision that would grant the lenders lien on its properties.

The unsecured creditors' committee meanwhile questioned the terms
of the loan and the bidding process proposed by ERG, saying they
are a "carefully orchestrated" attempt to hand the company's assets
over to its lenders.

The committee also questioned the conditions to getting the loan
imposed by CLMG, which include the "aggressive" timeline for the
sale of ERG's assets and the absence of a qualified investment
banker to market those assets.

CLMG defended the loan agreement, saying the terms it negotiated
with the company "creates value for all," including unsecured
creditors.

                        About ERG Resources

ERG Resources, LLC, is a privately owned oil & gas producer that
was formed in 1996.  Since 2010, ERG Resources and ERG Operating
Co. have been primarily engaged in the exploration and production
of crude oil and natural gas in the Cat Canyon Field in Santa
Barbara County, California.  ERG Resources owns 19,027 gross lease
acreage in the Cat Canyon Field.  ERG Resources also owns and
operates oil & gas leases representing 683 gross acres of leasehold
located in Liberty County, Texas.  The Company's corporate
headquarters is located in Houston, Texas.  Scott Y. Wood, through
two of his affiliates, owns 100% of the membership units in ERG
Intermediate Holdings LLC, the parent company.

ERG Intermediate Holdings, ERG Resources and three affiliates
sought Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case No.
15-31858) on April 30, 2015, in Dallas, Texas.

The Debtors tapped Jones Day as counsel; DLA Piper as co-counsel;
AP Services, LLC, to provide a CRO; and Epiq Bankruptcy Solutions,
LLC.

ERG Intermediate estimated $100 million to $500 million in assets
and debt.

The U.S. Trustee overseeing the Chapter 11 case of ERG Intermediate
Holdings LLC appointed five creditors of the company to serve on
the official committee of unsecured creditors.


EXELIXIS INC: Deerfield Acquires $100-Mil. Convertible Notes
------------------------------------------------------------
As previously disclosed on a current report on Form 8-K filed with
the Securities and Exchange Commission on March 9, 2015, Exelixis,
Inc. provided Deerfield Private Design Fund, L.P., Deerfield
Private Design International, L.P., Deerfield Partners, L.P., and
Deerfield International Master Fund, L.P., notice that the Company
elected to:

    (i) require DPLP and DIMF to acquire the $100 million
        principal amount of the secured convertible notes issued
        under the Note Purchase Agreement, dated as of June 2,
        2010, among the Company, DPDF and DPDI; and

   (ii) extend the maturity date of the Notes to July 1, 2018.

On July 1, 2015, the New Deerfield Purchasers acquired the $100
million principal amount of the Notes and the Company entered into
amended and restated secured convertible notes with the New
Deerfield Purchasers, representing the $100 million principal
amount.  The Restated Notes will bear interest on and after
July 2, 2015, at the rate of 7.5% per annum to be paid in cash,
quarterly in arrears, and 7.5% per annum to be paid in kind,
quarterly in arrears, for a total interest rate of 15% per annum
and will mature on July 1, 2018.

On July 1, 2015, the Company filed a post-effective amendment to
its Registration Statement on Form S-3 with the SEC, together with
a prospectus supplement, in order to comply with its registration
obligations related to the warrants previously issued by the
Company to the New Deerfield Purchasers.

In addition, due to the expiration of the Company's Registration
Statement on Form S-3 (Registration No. 333-182018) on June 8,
2015, the Company filed a new Registration Statement on Form S-3
with the SEC enabling the public sale from time to time by the
Company of its securities, when it deems appropriate.

                        About Exelixis Inc.

Headquartered in South San Francisco, California, Exelixis, Inc.,
develops innovative therapies for cancer and other serious
diseases.  Through its drug discovery and development activities,
Exelixis is building a portfolio of novel compounds that it
believes has the potential to be high-quality, differentiated
pharmaceutical products.

Exelixis reported a net loss of $269 million on $25.1 million of
total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $245 million on $31.3 million of total
revenues in 2013.

As of March 31, 2015, the Company had $283 million in total assets,
$430 million in total liabilities and a $147 million total
stockholders' deficit.


FANNIE MAE: FHFA Approves Changes to CEO's Salary
-------------------------------------------------
The Federal Housing Finance Agency approved certain changes to the
compensation of Timothy J. Mayopoulos, Fannie Mae's chief executive
officer, to address objectives recently outlined by FHFA.
According to a document filed with the Securities and Exchange
Commission, these objectives provide, among other things, that
compensation for the Company's chief executive officer could not be
higher than the 25th percentile of CEO compensation for its
comparator group.

Beginning July 1, 2015, Mr. Mayopoulos's direct compensation
consists of base salary at an annual rate of $750,000, fixed
deferred salary at an annual rate of $2,050,000, and at-risk
deferred salary with an annual target amount of $1,200,000.
At-risk deferred salary is subject to reduction based on corporate
and individual performance.  For 2015, these amounts will be
pro-rated.  Mr. Mayopoulos's compensation now has the same
structure that applies to Fannie Mae's other named executives.  Mr.
Mayopoulos's total direct compensation target of $4,000,000 is
substantially below the 25th percentile of compensation for chief
executive officers in our comparator group.

                         About Fannie Mae

Federal National Mortgage Association, aka Fannie Mae, is a
government-sponsored enterprise that was chartered by U.S.
Congress in 1938 to support liquidity, stability and affordability
in the secondary mortgage market, where existing mortgage-related
assets are purchased and sold.

The U.S. Department of the Treasury owns Fannie Mae's senior
preferred stock and a warrant to purchase 79.9 percent of its
common stock, and Treasury has made a commitment under a senior
preferred stock purchase agreement to provide Fannie with funds
under specified conditions to maintain a positive net worth.

Fannie Mae reported net income of $84.0 billion on $117.54
billion of total interest income for the year ended Dec. 31, 2013,
as compared with net income of $17.2 billion on $129 billion
of total interest income for the year ended Dec. 31, 2012.

As of March 31, 2015, Fannie Mae had $3.23 trillion in total
assets, $3.23 trillion in total liabilities, and $3.59 billion in
total equity.

                        About Freddie Mac

Based in McLean, Virginia, the Federal Home Loan Mortgage
Corporation, known as Freddie Mac (OTCBB: FMCC) --
http://www.FreddieMac.com/-- was established by Congress in       
1970 to provide liquidity, stability and affordability to the
nation's residential mortgage markets.  Freddie Mac supports
communities across the nation by providing mortgage capital to
lenders.  Over the years, Freddie Mac has made home possible for
one in six homebuyers and more than five million renters.

Freddie Mac is under conservatorship and is dependent upon the
continued support of Treasury and the Federal Housing Finance
Agency acting as conservator to continue operating its
business.


GAS-MART USA: Case Summary & 40 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                    Case No.
       ------                                    --------
       Gas-Mart USA, Inc.                        15-41915
       10777 Barkley, Suite 100
       Overland Park, KS 66211

       Aving-Rice, LLC                           15-41917

       Fran Transport & Oil Co.                  15-41918

       G&G Enterprises, LLC                      15-41919
       
Type of Business: Gasoline station/convenience stores

Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       Western District of Missouri (Kansas City)

Judge: Hon. Arthur B. Federman

Debtors' Counsel: Paul M. Hoffmann, Esq.
                  Patrick R. Turner, Esq.
                  Nicholas J. Zluticky, Esq.
                  STINSON LEONARD STREET LLP
                  1201 Walnut Street
                  Kansas City, MO 64106
                  Tel: 816-842-8600
                  Fax: 816-691-3495
                  Email: paul.hoffmann@stinsonleonard.com
                         patrick.turner@stinsonleonard.com
                         nicholas.zluticky@stinsonleonard.com

Debtors'          Frank Wendt, Esq.
Conflicts         BROWN & RUPRECHT, PC
Counsel:          2323 Grand Boulevard, Suite 1100
                  Kansas City, MO 64108
                  Tel: 816-292-7000
                  Fax: 816-292-7050
                  Email: fwendt@brlawkc.com

Debtors'          POLSINELLI PC
Special
Counsel:

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by John Tittle, Jr., CEO.

Consolidated List of Debtors' 40 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
GSA Trust                               Vendor         $3,800,000
10459 Park Meadows
Unit 101
Littleton, CO

Phillips 66 Fuel                        Vendor         $2,723,930
600 North Dairly Ashford
Houston, TX

CITGO                                   Vendor         $1,000,109
1293 Eldridge Parkway
Houston, TX

Farner Bocken Company                   Vendor           $990,656
PO Box 368
Carroll, IA

Green Implementation Group LLC          Vendor           $616,773
c/o Alexei Mikahilov
300 East Smoketreee Terrace
Alpharetta, GA

Sunrise AG Service Co                   Vendor           $414,472
20735 Hwy 125W
PO Box 108
Virginia, IL

Klemm Tank Lines                        Vendor           $406,125
PO Box 74277
Cleveland, OH

CG Batavia Holdings, LLC                Vendor           $381,738
2439 Kuser Road
Hamilton, NJ                      

Dan John Properties, LLC                Vendor           $311,580
1806 Isleworth CT
Oldsmar, FL

Solaray                                 Vendor           $300,865
PO Box 1168
620 Linden
SaPulpa, OK

McDowell Rice Smith & Buchanan          Vendor           $268,282
Attorneys at Law
605 W. 47th Street Suite 350
Kansas City, MO

Mack Oil Corp.                          Vendor           $254,463
2390 E Algonquin Road
Algonquin, IL

John Dan Properties, LLC                Vendor           $233,487

Cornelia Sawle                          Vendor           $227,568

Polsinelli PC                           Vendor           $192,000

Cook County Treasurer                   Vendor           $168,187

Willow Gas                              Vendor           $167,847

Cardtronics                             Vendor           $162,889

Coca Cola Mid America Division          Vendor           $156,363

Pepsi Bottling Group                    Vendor            $83,548

Kansas City Star                        Vendor            $78,486

Glenn Bauer                             Vendor            $71,782

Aramark Uniform Services                Vendor            $71,121

Pepsi                                   Vendor            $67,856

Croessmann Wholesale                    Vendor           $65,224

Baba Firna                              Vendor           $64,204

Coke                                    Vendor           $60,943

Director of Employment Security         Vendor           $56,183

FMS Inc/Walmart Check Cashing           Vendor           $56,084

Kansas Turnpike Authority               Vendor           $55,198

Landshire, Inc.                         Vendor           $51,996

Effingham County                        Vendor           $51,698

Ryko Solutions Inc.                     Vendor           $48,465

Dr Pepper Snapple Group DBA             Vendor           $45,256

Dupage County Collector                 Vendor           $44,822

Baba Peer                               Vendor           $43,868

Kane County Treasurer                   Vendor           $42,389

Pottawatamie County Treasurer           Vendor           $42,283

RM Construction                         Vendor           $41,301

Pinnacle Propane Express, LLC           Vendor           $39,683


GBG RANCH: Asks Court to Continue July 16 Sale Hearings
-------------------------------------------------------
G.B.G. Ranch, Ltd., asks the Hon. David R. Jones of the U.S.
Bankruptcy Court for the Southern District of Texas to continue the
hearings set for July 16, 2015, on its motions to establish bid
procedures and to sell and request for bifurcated hearing on the
effect of the stipulation on the Debtor's plan of liquidation and
the proposed sale of the Corazon Ranch.

A copy of the motion is available for free at http://is.gd/tRheAe

The Court approved on Dec. 19, 2014, a stipulation signed by the
counsel for the Debtor, Guillermo R. Benavides and court-appointed
examiner Ronald Hornberger which required the Debtor to include in
its Plan that all of the acreage of the Corazon Ranch would be
conveyed to a long-term trust, along with the acreage of the Oilton
Ranch and the mineral classified tract (Tract 5) of the Hill
Ranch.

The Debtor previously filed a motion to bifurcate the hearing set
for July 16, 2015, and to determine the effect of the stipulation
on the Debtor's Plan.

The Court denied on June 23, 2015, the Debtor's motion to bifurcate
the hearing set for July 16 and to determine the effect of the
stipulation on the Plan.  The order set for resolution on the 16th
all matters raised in the pleading pertaining to the sale and bid
procedures motions.  The motion was denied because the parties
weren't available to hear the motion on July 2, 2015, the date made
available by the Court to take up the motion on an expedited basis.
The Debtor was available on that date so the motion to bifurcate
was essentially denied because the party opposing the motion wasn't
available on July 2, 2015.  All of the parties are already
scheduled to be in the courtroom on July 17, 2015.

The Debtor still believes it is in the best interest of all parties
including the Court that the issue of the effect of the stipulation
be determined before the parties incur substantial cost and fees
getting ready to litigate all of the issues related to the proposed
sale.  The Debtor would ask the Court to continue the hearing on
the motion to establish bid procedures and the motion to sell.  The
Debtor believes that it is in the best financial interest of the
Debtor, its creditors and equity interest holders, as well as
judicial economy to consider only the Debtor's motion to determine
the effect of the stipulation on the Court's regular docket set for
July 17, 2015.

On June 11, 2015, Quita Wind Energy Co., L.L.C., joined by
Guillermo Benavides, Z. (Memo Benavides), and Guillermo R.
Benavides (Will Benavides) as managers thereof, and Guillermo
Benavides Z., filed their preliminary response to the Debtor's sale
motion, saying that the motion is in direct contravention to and in
violation of a stipulation entered into as a result of negotiation
and compromise of a contested matter, including the Debtor's motion
to reject correction wind lease and easement agreement.  The
Respondents said that the stipulation is enforceable and there is
no legally compelling reason why it should be set aside.

According to the Respondents, the Debtor's motion is nothing more
than a thinly disguised attempt to reject the Quita correction wind
lease, a contested matter that was compromised and settled in
December 2014.  The Respondents asked the Court to deny the sale
motion, however, pending the Court's ruling, Quinta Wind reserves
the right to make the election allowed a lessee.

The Respondents added that the Debtor's motion to approve sale
procedure and form of notice for sale of all or part of the Corazon
Ranch is ancillary to the motion for authority to sell the Corazon
Ranch, and neither motion furthers the goals nor the purpose of the
stipulation, which requires the Debtor to submit a Plan placing the
Corazon Ranch in a long term trust designed for the benefit of the
equity interest owners of the Debtor and the
members of Quita Wind.  The motions, according to the Respondents,
are in direct contravention to and in violation of it and should be
denied.

A copy of the response is available for free at:

                       http://is.gd/a96AaN
                       http://is.gd/MGBf4Q

Quita Wind is represented by:

      Clemens & Spencer
      James A. Hoffman, Esq.
      112 E. Pecan Street, Suite 1300
      San Antonio 78205
      Tel: (210) 227-7121
      Fax: (210) 227-0732

Memo Benavides is represented by:

      Davis & Santos
      Santos Vargas, Esq.
      The Weston Centre
      112 E. Pecan Street - Suite 900
      San Antonio, Texas 78205
      Tel: (210) 853-5882
      Fax: (210) 200-8395
      E-mail: svargas@dslawpc.com

Will Benavides is represented by:

      Trevino, Valls & Haynes, LLP
      Kenneth A. Valls, Esq.
      6909 Springfield Avenue, Suite 200
      P.O. Box 450989 (78045)
      Laredo, Texas 78041
      Tel: (956) 722-1417
      Fax: (956) 791-0220

                          About GBG Ranch

GBG Ranch, LTD, a Texas Limited Partnership, owns the surface
estate of three ranches in the vicinity of Laredo, Webb County,
Texas.   

GBG Ranch sought Chapter 11 protection (Bankr. S.D. Tex. Case No.
14-50155) in Laredo, Texas on July 8, 2014, without stating a
reason.  In a schedules filed Dec. 9, 2014, the Debtor disclosed
$54,111,258 in assets and $4,401,493 in liabilities as of the
Chapter 11 filing.

The company is represented by the Law Office of Carl M. Barto.
Leslie M. Luttrell and the Luttrell + Villareal Law Group serve as
special counsel.

In October 2014, the Court, with the agreement of the Debtor, Memo
and Quita Wind, appointed Ronald Hornberger as the Chapter 11
Examiner under 11 U.S.C. Sec. 1106.


GOLDEN PARK ESTATES: Bankr. Court Orders Ch. 11 Trustee Appointment
-------------------------------------------------------------------
Judge David T. Thuma of the United States Bankruptcy Court for the
District of New Mexico ordered that a Chapter 11 trustee will be
appointed in the bankruptcy case of Golden Park Estates, LLC.

The order follows creditor Lauri Knott's motion to dismiss the
bankruptcy case or, in the alternative, convert the Debtor's
Chapter 11 case to one under Chapter 7 of the Bankruptcy Code, and
the U.S. Trustee's motion to convert the Chapter 11 Case or appoint
a Chapter 11 Trustee pursuant to Section 1104 of the Bankruptcy
Code.

Because of the $514,000 of unsecured debt and the substantial
potential equity in the Property, Judge Thuma concluded that it
would be better for creditors and equity holders, overall, to
appoint a Chapter 11 trustee.  The Chapter 11 trustee's first
concern should be to protect Knott's and Court Properties'
collateral and ensure they are fully paid as soon as practicable,
but the Trustee should also see if he or she can sell the Property
for enough money to pay the other creditors and return funds to the
Debtor, Judge Thuma said.

A full-text of Judge Thuma's Memorandum Opinion dated June 11,
2015, is available at http://is.gd/yAcwjPfrom Leagle.com.

Skillman, New Jersey-based Golden Park Estates, LLC, sought
protection under Chapter 11 of the Bankruptcy Code on July 25, 2014
(Bankr. D.N.M., Case No. 14-12253).  The case is assigned to Judge
David T. Thuma.  The Debtor's counsel is Chris W Pierce, Esq., at
Albuquerque, New Mexico.


GOLDRIVER VALLEY: Tsangs Withdraw Bid to Appoint Trustee
--------------------------------------------------------
Equity security holders Lana Tsang and Elaine Tsang, notified the
U.S. Bankruptcy Court for the Central District of California of
their withdrawal, without prejudice, of their motion to appoint
Chapter 11 trustee in the case of Gold River Valley, LLC.

In seeking a trustee, the Tsangs said the Debtor needs an
independent fiduciary to make appropriate business decisions, which
will hopefully lead to a successful reorganization, payment in full
to all of Debtors creditors, and a return to equity security
holders.  The Tsangs had claimed that this is a single asset real
estate bankruptcy case filed by Debtor, an entity that was used as
a vehicle to perpetrate a fraud against the Tsangs, creditors, and
tenants who stand to have their leases eliminated.  

                   About Gold River Valley, LLC

Gold River Valley, LLC, sought Chapter 11 bankruptcy protection
(Bankr. C.D. Cal. Case No. 15-10691) in Los Angeles, on Jan. 16,
2015.  

David B. Golubchik, Esq., and Jeffrey S. Kwong, Esq., at Levene,
Neale, Bender, Yoo & Brill L.L.P., represents the Debtor as
counsel.

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



GRADY COLE ODOM: Court Grants Bid to Dismiss Ch. 11 Case
--------------------------------------------------------
Judge Helen E. Burris of the United States Bankruptcy Court for
District of South Carolina granted Emily Brown's motion to dismiss
the Chapter 11 case filed by her former husband, Debtor Grady Cole
Odom.

Odom and Brown are involved in litigation pending before the Family
Court of Barnwell County, South Carolina, for separate maintenance
and support, a division of assets, and dissolution of their
marriage.  On July 9, 2013, the Family Court entered a Consent
Order providing for certain pendente lite relief.  Brown alleged
that Odom has failed to make postpetition domestic support
obligation payments and the Chapter 11 case was filed in bad faith.
Judge Burris found that it is not disputed that at the time the
Motion to Dismiss was filed that Odom had not made significant,
timely postpetition payments to Brown pursuant to the Family Court
Order.

Judge Burris further found that the obligations due from Odom to
Brown pursuant to the Family Court Order are domestic support
obligations for purposes of the Bankruptcy Code.  Therefore, Odom's
failure to meet these postpetition obligations is cause for
dismissal pursuant to Section 1112(b)(1) and (b)(4), which provides
that the Court will dismiss or convert a case if cause exists.
Judge Burris ruled that failure to pay these obligations in a
timely manner is also evidence of bad faith on the part of Odom in
the filing of the bankruptcy case.

The case is IN RE: Grady Cole Odom, Chapter 11, Debtor(s), C/A No.:
15-00623-HB (Bankr. D.S.C).

A full-text copy of the Judge Burris' Interim Order dated June 12,
2015, is available at http://is.gd/iMfhxnfrom Leagle.com.


GRIDWAY ENERGY: Plan Filing Date Extended to Oct. 13
----------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware extended Gridway Energy Holdings, et al.'s
exclusive plan filing period through and including Oct. 13, 2015,
and their exclusive solicitation period through and including
Dec. 10, 2015.

According to Joseph M. Barry, Esq., at Young Conaway Stargaat &
Taylor, LLP, in Wilmington, Delaware, pursuant to Section 1121(d)
of the Bankruptcy Code, this is the Debtors' fifth and final
request for an extension of the exclusive periods.

The Debtors believe that, in light of the progress that they have
made in the Chapter 11 cases, which includes but is not limited to
performing the requisite tasks under a transition services
agreement until the occurrence of the Asset Transfer Closing Date,
it is reasonable to request additional time to proceed with an
orderly wind-down of the Debtors' businesses and the Chapter 11
cases.

                       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.


GULF STATES LONG TERM: 5th Cir. Affirms Dismissal of Adler Claims
-----------------------------------------------------------------
The United States Court of Appeals for the Fifth Circuit, in a
decision dated June 11, 2015, affirmed a district court's order
dismissing David V. Adler's claims against Gregory D. Frost and
Breazeale, Sachse & Wilson, L.L.P.

Gulf States Long Term Acute Care of Covington, L.L.C., a long-term
healthcare facility in Louisiana, filed for bankruptcy under
Chapter 11 of the Bankruptcy Code.  BSW, a law firm, and Frost, a
partner in BSW's Baton Rouge office, represented the Debtor in
several financial transactions related to its continuing operations
prior to bankruptcy.  Neither Frost nor BSW served as the Debtor's
bankruptcy counsel in the Chapter 11 case, however.  Frost and BSW
also represented the Debtor's co-manager and several other
defendants in a related derivative lawsuit.  The parties agree that
neither Frost nor BSW was a creditor in Debtor's bankruptcy case.
The bankruptcy court ultimately confirmed Debtor's Third Amended
Plan of Reorganization, which contains a provision that purports to
retain the Debtor's standing to pursue avoidance actions and
fraudulent transfer actions against a list of named defendants.
That list does not include Frost or BSW.

After the bankruptcy court confirmed the Plan, Adler commenced an
adversary proceeding in the bankruptcy court in which he asserted
various common-law tort and contract claims against Frost and BSW.
Adler alleged that Frost and BSW, "in connection with and during"
their representation of Debtor, (1) engaged in legal malpractice;
(2) deliberately conspired with the Debtor's managers and their
officers and directors; and (3) knowingly participated in a scheme
to defraud Debtor, its minority owners, and its creditors of
Debtor's assets for the benefit of companies owned and controlled
by other clients of Frost and BSW.  This scheme, Adler alleged,
resulted in the looting of the Debtor of an amount in excess of
$5,000,000 and the Debtor's ultimate demise.

Frost and BSW moved to dismiss Adler's claims against them.  They
argued that Adler lacked standing to pursue his claims because the
Plan and the accompanying disclosure statement failed to
specifically and unequivocally retain them.  The district court
agreed and accordingly dismissed Adler's claims against Frost and
BSW.  Adler then returned to the bankruptcy court, seeking, among
other things, a clarification that the Plan specifically reserved
his claims against Frost and BSW.  The bankruptcy court denied that
request because the district court's order dismissing those claims
was "binding on the parties and this Court and cannot be
collaterally attacked."  However, the bankruptcy court also ruled
that Adler did have standing to pursue claims against several other
non-creditor defendants who are not parties to this appeal.

Armed with the bankruptcy court's opinion, Adler moved the district
court to reconsider its order dismissing his claims against Frost
and BSW.  Adler argued that it would be anomalous to allow him to
pursue his claims against the other non-creditor defendants, but
not against Frost and BSW, who also were not creditors of Debtor.
The district court disagreed and accordingly denied Adler's motion
for reconsideration.  Adler appeals the district court's order and
the district court's order denying his motion to reconsider its
order dismissing his claims.

The Fifth Circuit affirmed the the district court's order
dismissing Adler's claims against Frost and BSW for lack of
standing and affirmed also district court's order denying Adler's
motion for reconsideration.  The Fifth Circuit held that, the Court
of Appeals acknowledges that Adler thoroughly discussed the
proposed exception to United Operating in his motion for
reconsideration.  However, the Court of Appeals "will not consider
an issue raised for the first time in a Motion for
Reconsideration."  Further, in the absence of an exception that
would render the United Operating doctrine inapplicable in this
case, Adler clearly lacks standing to pursue his claims, as Adler's
counsel all but conceded at oral argument, the Fifth Circuit said.

The Plan's reservation of "any and all other claims and causes of
action which may have been asserted by the Debtor prior to the
Effective Date" is exactly the sort of blanket reservation that is
insufficient to preserve the debtor's standing, the Fifth Circuit
ruled.  Because the Plan does not set forth the legal basis of
Adler's claims against Frost and BSW, Adler lacks standing to
pursue them, the Fifth Circuit concluded.

In addition, the Fifth Circuit held: "Although the Plan purports to
retain avoidance actions and fraudulent conveyance actions against
certain named defendants, an explicit reservation of avoidance
actions is insufficient to reserve a debtor's standing to pursue
common-law claims. Because Adler's claims against Frost and BSW are
common-law tort and contract claims rather than avoidance or
fraudulent conveyance actions, the Plan does not specifically and
unequivocally preserve them. Adler also unsuccessfully argued
before the district court that the Plan's passing references to the
aforementioned derivative lawsuit and to a D&O policy were
sufficient to retain his claims against Frost and BSW. Adler does
not pursue those arguments on appeal. In any event, the district
court correctly rejected them."

A full-text copy of the Fifth Circuit's Opinion dated June 11,
2015, is available at http://is.gd/6RjCCxfrom Leagle.com.

The appeals case is In the Matter of: GULF STATES LONG TERM ACUTE
CARE OF COVINGTON, L.L.C., Debtor, related to DAVID V. ADLER,
Appellant, v. GREGORY D. FROST; BREAZEALE, SACHSE & WILSON, L.L.P.,
Appellees, Case No. 14-31109, (5th Circ.).

Based in Covington, Louisiana, Gulf States Long Term Acute Care of
Covington, LLC, filed for Chapter 11 bankruptcy protection (Bankr.
E.D. La. Case No. 09-11116) on April 20, 2009.  William E.
Steffes, Esq., at Steffes Vingiello & McKenzie LLC, in Baton
Rouge, Louisiana, served as the Debtor's counsel.  In its
petition, the Debtor estimated $0 to $50,000 in assets, and
$1 million to $10 million in debts.  The Debtor's plan of
reorganization was confirmed on Feb. 22, 2010.


H.J. HEINZ: Moody's Hikes Senior Unsecured Debt Ratings From B2
---------------------------------------------------------------
Moody's Investors Service upgraded the senior unsecured debt
ratings of H.J. Heinz Company and subsidiaries ("Heinz") by five
notches to Baa3 from B2 and its senior secured debt to Baa2 from
B1. This follows the approval yesterday by Kraft Foods Group
("Kraft") shareholders of the pending merger of Kraft into Heinz to
form The Kraft Heinz Foods Company ("Kraft-Heinz Foods"). Moody's
also assigned definitive Baa3 ratings to approximately $12
billion-equivalent of senior unsecured notes and $4.6 billion of
senior unsecured credit facilities previously offered and assigned
provisional (P)Baa3 ratings. The outlook on all ratings is stable.
This rating action concludes the review for upgrade that began on
March 25, 2015 following the announced merger agreement between
Heinz and Kraft.

Upon consummation of the merger, expected by the end of Kraft will
cease to exist. All existing debt instruments of Kraft will become
direct obligations of or will be guaranteed by the surviving
Kraft-Heinz Foods operating company. These obligations will also be
guaranteed by the public reporting parent company H.J. Heinz
Holding Corporation to be renamed 'The Kraft Heinz Company'
("Kraft-Heinz"). Kraft's senior unsecured debt will rank equally
with all senior unsecured debt of The Kraft Heinz Foods Company and
subsidiaries ($1 billion of debt issued at a Canadian subsidiary
will be guaranteed by Kraft-Heinz).

RATING RATIONALE

The Baa3 rating reflects the excellent global scale, product
diversity, and brand power of the combined $29 billion in sales
company. Kraft-Heinz will be one of the largest and profitable
consumer packaged foods companies in the world. These strengths
compensate for the high financial leverage that will initially
result from the Kraft/Heinz merger (4.8 times debt/EBITDA at
closing, including $8 billion of preferred stock. Additionally, the
rating reflects Moody's expectation that the company will realize
the targeted $1.5 billion of identified cost saving opportunities,
significant working capital savings and $2 billion of debt
reduction within 24 months after the merger. Kraft-Heinz also will
likely achieve an additional $450 million to $500 million in
annualized cash savings next year by calling the $8 billion of
Heinz parent 9% company preferred stock issued in connection with
the 2013 Heinz LBO. The preferred stock is callable beginning in
June 2016.

Financial policy, the greatest uncertainty with respect to
Kraft-Heinz's credit profile, will weigh on the ratings until the
company establishes a more conservative track record. 3G capital,
the lead investor in the transaction , has a history of aggressive
acquisitions, including the $28 billion leveraged buyout of H.J.
Heinz company only two years ago. In addition, Kraft-Heinz expects
to maintain a high dividend payout ratio that Moody's estimates
will exceed 75% of earnings over the next year. This is aggressive
given that the company will at the same time be investing heavily
in restructuring activities. 3G has strongly stated its commitment
to maintain an investment grade profile for Kraft-Heinz.

Ratings revised:

H.J. Heinz Company, Inc. (to be renamed 'The Kraft Heinz Foods
Company'):

-- Senior unsecured revolving credit facility to Baa3 from
(P)Baa3;

-- Senior unsecured term loan facility to Baa3 from (P)Baa3;

-- Senior unsecured debt to Baa3 from (P)Baa3.

Ratings upgraded:

H.J. Heinz Company, Inc.:

-- Senior secured second-lien debt to Baa2 from B1/LGD4.

H.J. Heinz Company (Original Issuer):

-- Senior unsecured debt to Baa3 from B2/LGD6.

H.J. Heinz Finance UK Plc:

-- Senior secured second-lien debt to Baa2 from at B1/LGD4.

H.J. Heinz Finance Company:

-- Senior unsecured debt to Baa3 from B2/LGD6.

Multiple Issuers:

-- Revenue bonds to Baa3 from B2/LGD6

Ratings withdrawn:

H.J. Heinz Company, Inc.:

-- Corporate Family Rating at Ba3;

-- Probability of Default Rating at Ba3-PD;

-- Senior secured revolvers at Ba1/LGD2

-- Senior secured term loans at Ba1/LGD2

-- Senior secured second-lien notes due 2020 at B1/LGD4

All rating outlooks are stable .

At closing, Kraft shareholders will receive one share of
Kraft-Heinz stock for each Kraft common share plus a cash payment
of $16.50 per share (approximately $10 billion in total), to be
funded by a cash common equity contribution from Heinz shareholders
3G Capital and Berkshire Hathaway. Kraft shareholders will own 49%
and Heinz shareholders will own 51% of the surviving Kraft-Heinz
parent company, which will be the publicly-traded reporting entity
and a guarantor.

All existing debt of Heinz and subsidiaries will be guaranteed by
the Kraft Heinz Foods operating entity and will be guaranteed by
Kraft-Heinz. All surviving Kraft debt will rank equally with all
senior unsecured debt of The Kraft Heinz Foods Company and
subsidiaries.

H.J. Heinz Holding Corporation intends to call its $8 billion 9%
preferred stock in June 2016. Since the call is likely to be funded
through $8 billion of incremental senior unsecured debt (to be
issued some time after the merger is completed), for analytic
purposes Moody's will treat the preferred stock as a debt
obligation of Kraft-Heinz until it is retired.

A rating upgrade is not likely in the near-term. However, if
Kraft-Heinz successfully integrates the merged companies and
maintains a conservative financial policy, an upgrade could be
warranted. Quantitatively, debt/EBITDA would need to be reduced and
approach 4.0 times before an upgrade would be considered.

A downgrade could occur if integration challenges cause operating
performance to deteriorate such that debt/EBITDA rises above 5.0
times. Failure to adopt and sustain more conservative financial
policies especially as related to acquisitions could also lead to a
downgrade.

Headquartered in Pittsburgh, PA, H.J. Heinz Company is a leading
marketer and producer of branded foods in ketchup, condiments,
sauces, meals, soups, snacks and infant foods. Illinois-based Kraft
Foods Group, Inc., the world's fourth-largest packaged food and
beverage company, manufactures, distributes and sells branded
products in the beverage, cheese, refrigerated meals and grocery
categories. Pro forma sales for Kraft-Heinz are approximately $29
billion.





HEALTH NET: Fitch Puts 'BB+' Long-term IDR on Watch Negative
------------------------------------------------------------
Fitch Ratings has placed Health Net Inc.'s ratings on Rating Watch
Negative (RWN). The rating action follows Health Net's announcement
that it has entered into a definite agreement under which it will
be acquired by Centene Corporation.

KEY RATING DRIVERS

The RWN reflects Fitch's view that key financial leverage metrics
will deteriorate after the acquisition. Centene has arranged USD2.7
billion of debt financing to fund the cash portion of the
acquisition.

Fitch projects that Centene's post-acquisition debt-to-EBITDA and
financial leverage ratios will be approximately 4.0x and 40%,
respectively. Fitch's EBITDA calculation was based on earnings for
the most recent four quarters at each company. At 31 March 2015,
Health Net's debt-to-EBITDA and financial leverage ratios were 2.3x
and 26%, respectively. Fitch also expects that Centene's near-term
post acquisition EBITDA-based interest coverage ratio will likely
deteriorate relative to Health Net's recent run-rate interest
coverage ratios, which were approximately 10x.

The agency believes that the combined Health Net -- Centene
organization's market positions and size/scale characteristics will
be enhanced through a combination of the companies. Balanced
against the negative financial leverage implications of the
proposed transaction, this enhancement will be a key factor in
determining the final ratings.

RATING SENSITIVITIES

Fitch will provide additional comment on the RWN after a further
review of Centene's operating fundamentals and financial position.
Fitch intends to pursue discussions with management on strategy,
financial targets and integration plans for the combined entity.

Fitch has placed the following ratings on RWN:

Health Net Inc.

-- Long-term IDR at 'BB+';
-- 6.375% senior notes due June 2017 at 'BB'

Health Net Of California, Inc
Health Net of Arizona, Inc
Health Net Health Plan of Oregon, Inc

-- IFS at 'BBB'



HEALTH NET: Moody's Puts 'Ba2' Debt Rating on Review for Downgrade
------------------------------------------------------------------
Moody's Investors Service has placed the Ba2 senior debt rating of
Health Net, Inc. (Health Net; NYSE:HNT) and the Baa2 insurance
financial strength (IFS) rating of Health Net's operating
subsidiary, Health Net of California, on review for downgrade
following the announcement that Centene Corporation (Centene; NYSE:
CNC; senior debt rating at Ba2/on review for downgrade) had entered
into a definitive agreement to acquire Health Net.

RATINGS RATIONALE

Moody's anticipates that Centene will assume and guarantee Health
Net's $500 million of outstanding debt upon the close of the
transaction. The transaction, which is subject to regulatory
approval and other closing conditions, is expected to close by
early 2016.

The rating agency stated that its review of Health Net's ratings
will focus on the completion of the transaction and Centene's level
of support for the operating subsidiaries and debt being acquired
from Health Net, as well as its integration plans for the
business.

With projected annual revenues of approximately $17 billion, Health
Net adds diversity to Centene's operations with its commercial,
Medicare Advantage, and TriCare businesses and geographic expansion
with its large California managed Medicaid membership. Upon the
close of the transaction, Moody's expects that Health Net's
operating companies' IFS and holding company debt ratings and
outlook will be aligned with the ratings and outlook of Centene's
operating and holding companies, respectively. Health Net's ratings
would likely be confirmed and the outlook changed back to positive
if the transaction is not completed. The positive outlook reflects
Health Net's solid financial results over the last two years along
with additional membership growth opportunities from the individual
health exchanges, Medicaid expansion, and the dual-eligibles pilot
program in California. These growth opportunities have produced
membership growth of over 600,000 members in 2014.

The following ratings were placed on review for downgrade:

Health Net, Inc. -- senior unsecured debt rating at Ba2;

Health Net of California, Inc. -- insurance financial strength
rating at Baa2.

Health Net, based in Woodland Hills, California, reported total
revenues of $3.9 billion for the first three months of 2015. As of
March 31, 2015, the company had total medical and administrative
services only membership of approximately 6.0 million and reported
shareholders' equity of $1.7 billion.



HEPAR BIOSCIENCE: Has Nod to Use Cash Collateral Until Sept. 30
---------------------------------------------------------------
Charles L. Nail, Jr., of the U.S. Bankruptcy Court for the District
of South Dakota has approved the fourth joint stipulation and
agreement between Hepar BioScience LLC and Northwest Bank for use
of cash collateral and for adequate protection through Sept. 30,
2015.

The Debtor is given authority to use the Bank's cash collateral
through Sept. 30 in the amounts, for the purposes, and on the terms
and conditions set forth in the stipulation -- a copy of which is
available for free at http://is.gd/l4Dx4B-- excluding the $350,000
initially requested for further construction and, as outlined in
the motion, to make the wet processing operational.  

On April 10, 2015, the U.S. Trustee objected to the Debtor's cash
collateral use, saying that while the commercial security
agreements between Debtor and the Bank set forth an extensive list
of described collateral, nowhere did the said agreements include
livestock or proceeds to livestock.  Notwithstanding Debtor's
assertion that the Bank holds a perfected lien possession on
primarily all of Debtor's business assets, it was the position of
the U.S. Trustee that buffalo did not constitute a business asset
of Debtor.  The U.S. Trustee objected to granting the Bank a
replacement lien to the extent the lien covers collateral described
as livestock or proceeds of livestock, more specifically
buffalo.  The U.S. Trustee stated that because the asset was not
covered by the commercial security agreements, the granting of a
lien would allow the Bank a preferred creditor status, thus causing
a detriment to the estate and the priority and general unsecured
creditors.  Giving the Bank additional collateral improperly seeks
to improve its security position post-petition, the U.S. Trustee
said.  According to the U.S. Trustee, the Debtor's motion failed to
sufficiently explain why the replacement lien on previously
unsecured collateral was necessary to provide adequate protection.

On April 21, 2015, the Bank filed a limited objection to the
Debtor's motion for authorization to use cash collateral, because
the Debtor's motion didn't include additional details and
safeguards that the Bank needed to fully and adequately protect its
interest.  The Debtor and the Bank agreed to enter into and file a
third joint stipulation agreement for cash collateral use, but that
stipulation didn't grant the Bank a lien in the Debtor's livestock,
untitled vehicles, or proceeds thereof, and it was not the intent
of the Debtor and the Bank that its lien would extend to the
Debtor's livestock, untitled vehicles, or proceeds thereof and so
the issues raised by the U.S. Trustee in its objection, were
resolved by the Third Stipulation.

On April 22, 2015, the U.S. Trustee supplemented his objection to
specifically address issues raised in the Bank's limited objection
and the third joint stipulation and agreement for use of cash
collateral and for adequate protection through June 30, 2015.  The
U.S. Trustee stated that the Bank's limited objection and the joint
stipulation by the Debtor and the Bank didn't offer an explanation
for the inconsistency in the use of the terms "titled" and
"untitled" in relation to vehicles which may, or may not, be
subject to the Bank's lien.  According to the U.S. Trustee, both
terms are inconsistent with the security agreement's use of the
term "vehicles".  The U.S. Trustee couldn't ascertain from the
schedules and other documents on file which are the "titled
vehicles," "untitled vehicles" or just plain "vehicles".  In the
limited objection, the parties agreed that the Bank was not secured
by livestock, "untitled vehicles" or the proceeds thereof.  In
contrast, in the joint stipulation the parties reference "titled
vehicles".

A copy of the Third Joint Stipulation filed on April 22, 2015, is
available for free at http://is.gd/3kaRLQ

On April 22, 2015, the Bank responded to the U.S. Trustee's
supplement to objection, saying that the references in the Bank's
limited objection to untitled vehicles was a typographical error
and the references should have been to titled vehicles.  The Bank
stated that it wasn't its intent to seek a replacement lien on
titled vehicles where the Bank did not previously have a properly
perfected lien in the titled vehicles under South Dakota law prior
to the filing of the Debtor's bankruptcy petition.

On April 28, 2015, the Court approved the third stipulation between
the Debtor and the Bank, and the Debtor was authorized to use the
cash collateral in the amounts, for the purposes, and on the terms
and conditions set forth in the third stipulation, except Debtor
wouldn't, as part of the adequate protection provided, give the
Bank a security interest in any property in which the Bank did not
have a security interest pre-petition.

On May 11, 2015, the Debtor filed a motion for court order
authorizing the Debtor's use of the Bank's cash collateral for the
period July 1, 2015, through Sept. 30, 2015.  The Bank holds a
perfected lien possession on primarily all of Debtor's business
assets, except livestock, titled vehicles and titled equipment.
The Debtor needs use of accounts receivable for cash collateral to
continue its business and reorganization in this Chapter 11.  As
adequate protection, Debtor proposed to grant the Bank a
replacement lien for the use of cash collateral on all
post-petition receivables to the extent the collateral is used.
The Debtor proposed to maintain its debtor-in-possession account at
the Bank and deposit all receivables into the account during the
term of the stipulation.

On May 27, 2015, the Bank objected the May 11 motion and asked the
Court to deny that motion and approve the fourth joint stipulation
agreement for cash collateral use that the Bank entered with the
Debtor.

On May 28, 2015, Mary Ellen Nylen, an interest holder and creditor
of the Debtor who was closely involved with the Debtor's business
until 2013, objected to the May 11 motion, saying that there was
nothing on the face of the motion to suggest that the Debtor was
seeking to use estate assets outside the ordinary course of
business.  Ms. Nylen said that the Court shouldn't approve the use
of estate assets outside the ordinary course of business on this
inadequate evidentiary record and without proper notice.  A copy of
Ms. Nylen's objection is available for free at:

                       http://is.gd/Cyb0rO

The Bank is represented by:

      Woods, Fuller, Shultz & Smith P.C.
      Roger W. Damgaard, Esq.
      300 South Phillips Avenue, Suite 300
      P.O. Box 5027
      Sioux Falls, South Dakota 57117-5027
      Tel: (605) 336-3890
      Fax: (605) 339-3357
      E-mail: Roger.Damgaard@woodsfuller.com

                  and

      Whitfield & Eddy, P.L.C.
      G. Mark Rice, Esq.
      317 Sixth Avenue, Suite 1200
      Des Moines, Iowa 50309-4195
      Tel: (515) 288-6041
      Fax: (515) 246-1474
      E-mail: Rice@whitfieldlaw.com

Ms. Nylen is represented by:

      Quaintance Law Office P.C.
      John C. Quaintance, Esq.
      P.O. Box 2208 (57101-2208)
      First Financial Center
      110 South Phillips Avenue, Suite 100
      Sioux Falls, SD 57104-6723
      Tel: (605) 339-1000
      Fax: (605) 336-1000
      E-mail: bankruptcy@qlopc.com

                  and

      Fredrikson & Byron, P.A.
      James L. Baillie, Esq.
      James C. Brand, Esq.
      200 South Sixth Street, Suite 4000
      Minneapolis MN 55402
      Tel: (612) 492-7000
      Fax: (612) 492-7077
      E-mail: jbrand@fredlaw.com

                      About Hepar BioScience

Jefferson, South Dakota-based Hepar BioScience LLC in the business
of receiving porcine (pork) by-products (concentrated peptone, a
functional pork protein and animal fat) and other meat by-products
that are primarily used in the porcine animal nutrition feed
industry (concentrated porcine peptone) and biodiesel or animal
feed business (animal fat).

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

Clair R. Gerry, Esq., at Gerry & Kulm Ask, Prof. LLC, in Sioux
Falls, serves as counsel.

The Debtor disclosed $11,987,018 in assets and $22,243,151 in
liabilities as of the chapter 11 filing.


HORNBECK OFFSHORE: S&P Lowers ICR to 'B+', Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services lowered its issuer credit rating
on Hornbeck Offshore Services Inc. to 'B+' from 'BB-'.  The outlook
is stable.

At the same time, S&P affirmed its 'BB-' issue-level ratings on the
company's senior unsecured debt and revised the recovery ratings to
'2' from '3', indicating S&P's expectation that lenders could
expect substantial (70% to 90%) recovery in the event of a payment
default.  S&P's recovery expectations are in the upper half of the
70% to 90% range.

"The downgrade reflects our expectation that the company's
utilization and day rates will weaken in 2015, beyond our initial
expectations, and in comparison to 2014," said Standard & Poor's
credit analyst John Rogers.  "Offshore drilling activity has
declined precipitously, creating a further glut of support vessels
and drilling rigs available in the offshore market, especially in
the Gulf of Mexico," he added.

Moreover, Hornbeck and many of its competitors are in the midst of
expansion programs, adding more vessels during a period of weak
demand.  S&P expects Hornbeck will continue to stack
lower-specification vessels as it focuses on fleet rationalization
to reduce operating expenditures and improve utilization rates.

The stable outlook reflects S&P's expectations that Hornbeck will
maintain FFO to debt of 12% to 15% over the next two years as the
company faces challenging market conditions in the Gulf of Mexico.


S&P could lower the rating if Hornbeck's day-rates, utilization,
and cash flow generation fell below S&P's current expectations,
such that it expected FFO to debt to weaken to less than 12% for a
sustained period.

Although unlikely over the next 12 months, S&P could raise the
rating if it expected FFO to debt to be above 20% for a sustained
period.  S&P could also raise the rating if it viewed an
improvement in Hornbeck's business risk profile and a more
favorable view of the company's competitive position.  S&P would
consider this if Hornbeck continues to build its scale and size
relative to its oilfield services peers while maintaining credit
measures consistent with S&P's current expectations.



HUNTER MILL: Case Summary & 10 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Hunter Mill West, L.C.
        1630 Hunter Mill Road
        Vienna, VA 22182

Case No.: 15-12305

Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Hon. Brian F. Kenney

Debtor's Counsel: John T. Donelan, Esq.
                  LAW OFFICE OT JOHN T. DONELAN
                  125 S. Royal Street
                  Alexandria, VA 22314
                  Tel: (703) 684-7555
                  Email: donelanlaw@gmail.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by John M. Thoburn, managing member.

List of Debtor's 10 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
May & Barnhard, PC                                        $5,396

Dickstein Shapiro LLP                                    $17,215

William C. Harvey & Assoc.                               $43,017

Fairfax County                                          $220,291

Marcher Consultants                                     $389,419   
                         
c/o John B. Connor, Esq.
1033 N. Fairfax St., Ste 310
Alexandria, VA 22314

Thoburn Limited Partnership                           $1,055,388
1630 Hunter Mill Road
Vienna, VA 22182

Whiteford Taylor & Preston                            $1,295,639
3190 Fairview Park Drive
Falls Church, VA 22042

BDC Capital Inc./                                     $1,504,998
Catjen LLC
500 N. Washington Street
Alexandria, VA 22314

Cianflone Family, LLC                                 $2,725,283
c/o John Cianflone
2411 Holt Street
Vienna, VA
22180-6910

BDC Capital Inc./                                     $3,016,255
Catjen LLC
500 N. Washington Street
Alexandria, VA 22314


J&J OILFIELD: Denies Confirmation of Amended Plan
-------------------------------------------------
Judge Shon Hastings of the United States Bankruptcy Court for the
District of North Dakota denied confirmation of the Amended Plan of
Reorganization filed by J&J Oilfield Services, Inc., and sustained
the objection on the Plan's feasibility filed by secured creditor
Union State Bank of Fargo.

Union State Bank asserts that the Debtor has not offered historical
data demonstrating that it can generate and collect funds
sufficient to make its Plan payments, and it has not yet
implemented a job cost system that will allow the Debtor to
understand the profitability of each contract at any stage of work
performance or to bill customers on an interim basis.

Judge Hastings ruled that there is simply not enough evidence to
show that the Debtor will be able to meet its obligations under the
Plan.  Judge Hastings added that the Debtor could not consummate
its Plan without treating Union State Bank's loan differently than
the loans of the other secured creditors.  The Plan is not workable
and does not offer a reasonable prospect of success, Judge Hastings
ruled.  The Debtor did not show that the Plan meets the
requirements of Section 1129(a)(11) of the Bankruptcy Code.

The case is In re: J&J Oilfield Services, Inc., Chapter 11, Debtor,
BANKRUPTCY NO. 13-30607 (Bankr. D.N.D.).

A full-text copy of Judge Hastings' Memorandum and Order dated June
12, 2015, is available at http://is.gd/gtDlD2from Leagle.com.

West Fargo, North Dakota-based J&J Oilfield Services, Inc., f/d/b/a
Ottesen Sand and Gravel, sought protection under Chapter 11 of the
Bankruptcy Code on Sept. 13, 2013 (Case No. 13-30607, Bankr.
D.N.D.).  The case is assigned to Judge Shon Hastings.

The Debtor's counsel is Kip M. Kaler, Esq., at Kaler Doeling Law
Office, in Fargo, North Dakota.


JOE'S JEANS: Obtains Forbearance From Lenders Until Oct. 15
-----------------------------------------------------------
Joe's Jeans Inc. and its subsidiaries entered into separate
forbearance agreements with The CIT Group/Commercial Services,
Inc., as administrative agent and collateral agent and Garrison
Loan Agency Service LLC, as term loan agent, according to a
document filed with the Securities and Exchange Commission.

Both of the Forbearance Agreements provide that each of the lenders
will forbear from exercising certain of their respective rights and
remedies during the Forbearance Period with respect to "Existing
Defaults".

The Forbearance Period ends upon the earliest to occur of a
Forbearance Default or Oct. 15, 2015.  The Forbearance Period is
automatically extended until Nov. 15, 2015, if at the Forbearance
Termination Date no Forbearance Default has occurred and all of the
Milestones with respect to a Sale/Recapitalization Process have
been met, except for shareholder approval.  

The Forbearance Agreements also provide for amendments to the
Revolving Credit Agreement and Term Loan Credit Agreement dated as
of Sept. 30, 2013.  Each Forbearance Agreement amended the
definition of "Availability" under the respective Term Loan Credit
Agreement and Revolving Credit Agreement to reduce Minimum
Availability requirement to $4,500,000 from $7,500,000.  In
addition, the CIT Forbearance Agreement modified the definition of
"Eligible Accounts" to permit as Eligible Accounts, until the
Forbearance Termination Date (as it may be extended), Trade
Accounts owing from Nordstrom's and its Affiliates not exceeding
55% of aggregate Eligible Accounts.  After the Forbearance
Termination Date, the 55% applicable to Nordstrom and its
Affiliates will revert to 45%.

                        About Joe's Jeans

Joe's Jeans Inc. -- http://www.joesjeans.com/-- designs, produces  

and sells apparel and apparel-related products to the retail and
premium markets under the Joe's(R) brand and related trademarks.

In its audit report on the consolidated financial statements for
the year ended Nov. 30, 2014, Moss Adams LLP expressed substantial
doubt about the Company's ability to continue as a going concern,
citing that the Company has a net working capital deficiency due
to debt covenant violations and has suffered recurring losses from
operations.

The Company reported a net loss of $27.7 million on $189 million
of net sales for the fiscal year ended Nov. 30, 2014, compared with
a net loss of $7.31 million on $140 million of net sales in 2013.

As of Feb. 28, 2015, Joe's Jeans had $185 million in total assets,
$165 million in total liabilities and $20 million in total
stockholders' equity.

The Troubled Company Reporter, on June 9, 2015, reported that Joe's
Jeans on June 4 disclosed that the Company received a letter on May
29, 2015, from The Nasdaq Stock Market indicating that the Company
had received an additional 180 days, or until November 23, 2015, to
regain compliance with Nasdaq Listing Rule 5550(a)(2) by
maintaining a closing bid price per share of its common stock at
$1.00 per share or more for a minimum of 10 consecutive trading
days.


JUMPIN JAMMERZ: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Jumpin Jammerz, LLC
        2406 S. 24th Street, C-120
        Phoenix, AZ 85004  

Case No.: 15-08300

Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Daniel P. Collins

Debtor's Counsel: Allen D. Butler, Esq.
                  LAW OFFICE OF ALLEN D. BUTLER PC
                  406 E. Southern
                  Tempe, AZ 85282
                  Tel: 480-921-0626
                  Fax: 480-784-4996
                  Email: abutleraz@gmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Steve Pandi, owner.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/azb15-08300.pdf


KITTUSAMY LLP: Involuntary Chapter 11 Case Summary
--------------------------------------------------
Alleged Debtor: Kittusamy, LLP
                7241 W. Sahara Avenue, #120
                Las Vegas, NV 89117

Case Number: 15-13868

Involuntary Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. August B. Landis

Petitioners' Counsel: Samuel A. Schwartz, Esq.
                      SCHWARTZ FLANSBURG PLLC
                      6623 Las Vegas Blvd. So., Ste 300
                      Las Vegas, NV 89119
                      Tel: (702) 385-5544
                      Fax: (702) 385-2741
                      Email: sam@schwartzlawyers.com

                         - and -

                      Matthew C. Zirzow, Esq.
                      LARSON & ZIRZOW, LLC
                      810 S. Casino Center Blvd. #101
                      Las Vegas, NV 89101
                      Tel: 702-382-1170
                      Fax: 702-382-1169
                      Email: mzirzow@lzlawnv.com

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
Moonshell, LLC                  Business Loans     $2,952,869
7140 Smoke Ranch Road
Las Vegas, NV 89128

Xspectra, Inc.                  Business Loan        $208,999
8880 W. Sunset Road
3rd Floor
Las Vegas, NV 89148

Seven Hills Equipment, LLC      Equipment Lease    $2,740,659
8880 W. Sunset Road
3rd Floor
Las Vegas, NV 89148

Venus Group, LLC                   Liens           $1,024,681
8880 W. Sunset Road
3rd Floor
Las Vegas, NV 89148


LANTHEUS MEDICAL: Moody's Hikes Corporate Family Rating to 'B3'
---------------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating of
Lantheus Medical Imaging, Inc. to B3 from Caa1. Moody's also
assigned a B3 rating to the new $365 million senior secured term
loan. The proceeds of the loan, along with the proceeds from a
recent initial public equity offering, will be used to reduce
leverage and refinance Lantheus' existing senior unsecured notes,
which will be redeemed in full on July 30, 2015. Moody's also
affirmed the Caa1-PD Probability of Default Rating and the
Speculative Grade Liquidity Rating of SGL-3. The outlook is
stable.

The upgrade of Lantheus' CFR reflects reduced refinancing risk and
Moody's expectation for improved cash flow going forward due to
material interest savings from the refinancing transaction.

Ratings upgraded:

Corporate Family Rating, to B3 from Caa1

Ratings assigned:

$365 million senior secured term loan due 2022, at B3 (LGD3)

Ratings affirmed:

Probability of Default Rating, Caa1-PD

Speculative Grade Liquidity Rating, SGL-3

Ratings affirmed and to be withdrawn following repayment:

$400 million senior unsecured notes due 2017, Caa1 (LGD4)

The outlook is stable.

RATINGS RATIONALE

Lantheus' B3 Corporate Family Rating reflects its small size and
high financial leverage, particularly in the context of the
inherent risks in the nuclear medicine business -- namely a fragile
supply chain. The ratings are also constrained by high product and
customer concentration risk.

The ratings are supported by good growth prospects for DEFINITY,
Lantheus' ultrasound contrast imaging agent (not a
radiopharmaceutical product) and Lantheus' expertise in
radiopharmaceuticals -- which has high barriers to entry and
limited competition. The ratings are also supported by recent
improvements in the supply chain which have resulted in a strong
increase in revenue and EBITDA versus the 2012-2013 time period
when Lantheus encountered significant supply disruptions.

Moody's could downgrade Lantheus' ratings if the company encounters
supply issues or other business disruptions, or liquidity weakens.
Further, the ratings could be downgraded if debt/EBITDA is
sustained above 5.5x, although Moody's anticipates that Lantheus'
leverage will temporarily exceed this level over the next six to
twelve months.

Moody's could upgrade Lantheus' ratings if the company continues to
exhibit stable operating performance and makes a smooth transition
of its raw materials supply in 2016. Further, if Moody's believes
that debt/EBITDA will be sustained below 4.0x, the ratings could be
upgraded.

Lantheus is a leading global manufacturer of pharmaceutical
products used to enhance outcomes in medical imaging procedures
like echocardiograms, and nuclear imaging of the heart, lungs and
brain. Lantheus is publicly traded but majority-owned by Avista
Capital Partners. Revenue for the twelve month period ended March
31, 2015 approximated $303 million.



LAQUINTA INN: Case Summary & 13 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: LaQuinta Inn & Suites Partnership
        1700 S. Wheeler
        Jasper, TX 75951

Case No.: 15-10326

Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       Eastern District of Texas (Beaumont)

Judge: Hon. Bill Parker

Debtor's Counsel: Frank J. Maida, Esq.
                  MAID LAW FIRM
                  4320 Calder Avenue
                  Beaumont, TX 77706-4631
                  Tel: (409) 898-8200
                  Fax: (409)898-8400
                  Email: maidalawfirm@gt.rr.com

Total Assets: $1.9 million

Total Liabilities: $3.8 million

The petition was signed by Hiral Patel, partner.

A list of the Debtor's 13 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txeb15-10326.pdf


LAURA ROGERS: Cal. App. Affirms Dismissal of Suit vs. Wells Fargo
-----------------------------------------------------------------
Laura Rogers sued to prevent Wells Fargo Bank, N.A., from selling
her property in Walnut Creek at a nonjudicial foreclosure sale
after she defaulted on two loans secured by deeds of trust.  The
Plaintiff alleges the following causes of action: (1) declaratory
relief, (2) breach of implied covenant of good faith and fair
dealing, (3) deceit - promise made without intent to perform, (4)
deceit - intentional misrepresentation, (5) fraud and deceit -
suppression of material fact, (6) fraud and deceit - negligent
misrepresentation, (7) promissory estoppel, and (8) violation of
Business & Professions Code section 17200 et seq.

The Court of Appeals of California, First District, Division One,
affirmed a trial court's judgment of dismissal entered following
the sustaining of a general demurrer to the Plaintiff's first
amended complaint.  The Court of Appeals found that the Plaintiff
does not meet her burden, as the appellant, of establishing that
the trial court affirmatively erred in its rulings from which she
properly appealed.  Further, the Court of Appeals has performed its
duty to independently examine the pleading to determine whether the
facts alleged in the plaintiff's first amended complaint state a
cause of action under any possible legal theory.  In addition, the
Court of Appeals aid the plaintiff not only failed to adequately
allege the claimed acts of fraud, she also failed to adequately
allege reliance and resulting damages.  In light of the absence of
facts necessary to state a cause of action for negligence in the
complaint, the information presumably available to the plaintiff,
and her failure to allege specific facts in those causes of action
where amendment was permitted, the Court of Appeals will not
overrule the demurrer to the negligence cause of action here, and
held that the Plaintiff's declaratory relief claim was properly
dismissed.

Her related claims for quiet title and wrongful foreclosure are
premised on the same supposed "securitization" issues raised in
connection with their insufficient declaratory relief claim.  The
Court of Appeals found no reason to reverse any portion of the
trial court's sustaining of Wells Fargo's demurrer without leave to
amend.

The appeals case is LAURA ROGERS, Plaintiff and Appellant, v. WELLS
FARGO BANK, N.A., Defendant and Respondent, NO. A141416 (Cal.
App.).

A full-text copy of the Opinion dated June 10, 2015, is available
at http://is.gd/PnH1ejfrom Leagle.com.


LEO MOTORS: Sells $447,275 Convertible Notes
--------------------------------------------
Leo Motors, Inc., disclosed with the Securities and Exchange
Commission that it sold three convertible promissory notes for an
aggregate principal amount of KRW500,000,000 (approximately
$447,275) and warrants to purchase an aggregate of 2,978,850 shares
of common stock of the Company, par value $0.001 per share, to
three Korean accredited investors pursuant to certain amended and
restated securities purchase agreements, which agreements replace
and supersede the securities purchase agreements dated June 24,
2015, by and between the Company and the investors.

Each Note has a maturity date which is one year after the date of
issuance and has an interest rate of four per cent per annum.  Each
Note is convertible into restricted shares of the Company's Common
Stock at any time on the date that is three months after the
issuance date at a conversion price equal to $0.15 per share, which
may be adjusted, at the holder's option, to a price equal to the
higher of the par value of Common Stock or 85% of the average
trading price of the Common Stock for the 30 days immediately
preceding the date of conversion.  The Company is permitted to
repay the Note at any time after the date that is three months
after the date of issuance.

The Company also agreed to issue warrants to holders of the Notes
three months after the issuance of the Notes.  The warrants entitle
the holders to purchase an aggregate of 2,978,850 shares of the
Company's Common Stock at $0.15 per share, which may be adjusted,
at the holder's option, to a price equal to 85% of the average
trading price of the Common Stock for the 30 days immediately
preceding the date of exercise.  The warrants expire in nine months
after issuance and are exercisable at any time prior to expiration.
The warrants may be exercised on a cashless basis.

                          About Leo Motors

Headquartered in Hanam City, Gyeonggi-do, Republic of Korea, Leo
Motors, Inc., a Nevada corporation, is currently engaged in the
research and development of multiple products, prototypes and
conceptualizations based on proprietary, patented and patent
pending electric power generation, drive train and storage
technologies.

In 2011, the Company determined its investment in Leo B&T Inc. an
investment account was impaired and recorded an expense of
$4.5 million.  During the 2012 year the Company had a net non
operating income largely from the result of the forgiveness of
debt for $1.3 million.

Leo Motors incurred a net loss of $4.5 million on $693,000 of
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $1.24 million on $0 of revenues for the year ended Dec. 31,
2013.

As of March 31, 2015, the Company had $5.77 million in total
assets, $4.87 million in total liabilities and $904,500 in total
equity.

John Scrudato CPA, in Califon, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has incurred
significant accumulated deficits, recurring operating losses and a
negative working capital.  This and other factors raise substantial
doubt about the Company's ability to continue as a going concern.


LIME ENERGY: May Issue 100,000 Common Shares Under Stock Plan
-------------------------------------------------------------
Lime Energy Co. filed a Form S-8 registration statement with the
Securities and Exchange Commission to register 100,000 shares of
common stock, par value $0.0001 per share, that maybe issued under
the Company's 2015 Employee Stock Purchase Plan.  The proposed
maximum aggregate offering price is $358,500.  A copy of the
prospectus is available for free at http://is.gd/UwUjSv

                         About Lime Energy

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com/-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.

Lime Energy reported a net loss available to common stockholders of
$5.6 million in 2014, a net loss available to common stockholders
of $18.5 million in 2013 and a net loss of $31.8 million in 2012.

As of March 31, 2015, the Company had $53.81 million in total
assets, $38.04 million in total liabilities, $9.38 million in
contingently redeemable series C preferred stock, and $6.38 million
in total stockholders' equity.


MAGNETATION LLC: Court Approves Hiring of Davis Polk as Counsel
---------------------------------------------------------------
Magnetation LLC and its debtor-affiliates sought and obtained
permission from the Hon. Gregory F. Kishel of the U.S. Bankruptcy
Court for the District of Minnesota to employ Davis Polk & Wardwell
LLP as counsel, nunc pro tunc to the May 5, 2015 petition date.

The Debtors require David Polk to:

   (a) prepare on behalf of the Debtors all necessary or
       appropriate motions, applications, answers, orders, reports

       and other papers in connection with the administration of
       the Debtors' estates;

   (b) counsel the Debtors with regard to their rights and
       obligations as debtors in possession and their powers and
       duties in the continued management and operation of their
       businesses and properties;

   (c) provide advice, representation and preparation of necessary

       documentation and pleadings and to take all necessary or
       appropriate actions in connection with debt restructuring,
       statutory bankruptcy issues, post-petition financing,
       strategic transaction, securities laws, real estate,
       employee benefits, environmental, business and commercial
       litigation, and corporate and tax matters;

   (d) take all necessary or appropriate actions to protect and
       preserve the Debtors' estates, including the prosecution of

       actions on the Debtors' behalf, the defense of any actions
       commenced against the Debtors, the negotiation of disputes
       in which the Debtors are involved and the preparation of
       objections to claims filed against the Debtors' estates;

   (e) take all necessary or appropriate actions in connection
       with any chapter 11 plan, all related disclosure statements

       and all related documents and such further actions as may
       be required in connection with the administration of the
       Debtors' estates; and

   (f) act as general bankruptcy counsel for the Debtors and to
       perform all other necessary or appropriate legal services
       in connection with these chapter 11 cases.

David Polk will be paid at these hourly rates:

       Partners               $890-$1,225
       Counsel                $940
       Associates             $390-$865
       Paraprofessionals      $210-$325

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

As of the filing of these cases, Davis Polk held a retainer in the
approximate amount of $1,044,105.16 and was not a creditor of the
Debtors.

Marshall S. Huebner, partner of Davis Polk, 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.

In response to the request for additional information set forth in
Section D.1 of the Revised UST Guidelines, the firm disclosed
that:

   -- Davis Polk has agreed to negotiated discounts off of its
      standard rates.

   -- Davis Polk's rates for timekeepers for its prepetition
      engagement on this matter were $1,090 to $1,295 for
      partners, $1,065 for counsel, $395 to $950 for associates
      and $270 to $445 for paraprofessionals. As an accommodation
      to the Debtors, Davis Polk has agreed to negotiated
      discounts off of the rates it charged the Debtors prior to
      the Petition Date.

   -- Davis Polk has delivered a prospective budget and staffing
      plan for the period from the Petition Date through July 31,
      2015 to the Debtors and will continue to work with the
      Debtors on the budget and staffing plan.

Davis Polk can be reached at:

       Marshall S. Huebner, Esq.
       DAVIS POLK & WARDWELL LLP
       450 Lexington Avenue
       New York, NY 10017
       Tel: (212) 450-4099
       Fax: (212) 701-5099
       E-mail: marshall.huebner@davispolk.com

                     About Magnetation LLC

Magnetation LLC -- http://www.magnetation.com/-- is a joint   
venture between Magnetation, Inc. (50.1% owner) and AK Iron
Resources, LLC, an affiliate of AK Steel Corporation (49.9%
owner).

Magnetation LLC recovers high-quality iron ore concentrate from
previously abandoned iron ore waste stockpiles and tailings basins.
Magnetation LLC owns iron ore concentrate plants located in
Keewatin, MN, Bovey, MN and Grand Rapids, MN, and an iron ore
pellet plant in Reynolds, IN.  

Magnetation LLC and four subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Minn. Lead Case No. 15-50307) in Duluth,
Minnesota, on May 5, 2015, after reaching a deal with secured
noteholders on a balance sheet restructuring.  The cases are
assigned to Chief Judge Gregory F Kishel.

The Debtors have tapped Davis Polk & Wardwell LLP and Lapp, Libra,
Thomson, Stoebner & Pusch, Chtd., as attorneys; Blackstone Advisory
Partners LP as financial advisor; and Donlin, Recano & Company,
Inc., as the claims agent.

The Debtor's exclusive period for filing a plan and disclosure
statement ends Sept. 2, 2015.

The Debtor disclosed $239,210,542 in assets and $575,938,301 in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 12 appointed three creditors of
Magnetation LLC to serve on an official committee of unsecured
creditors.  The Committee tapped Cooley, LLP as its lead counsel,
Foley & Mansfield PLLP as its local counsel, and Province Inc., as
its financial advisor.


MAGNETATION LLC: Court Okays Hiring of Lapp Libra as Local Counsel
------------------------------------------------------------------
Magnetation LLC and its debtor-affiliates sought and obtained
permission from the Hon. Gregory F. Kishel of the U.S. Bankruptcy
Court for the District of Minnesota to employ Lapp, Libra, Thomson,
Stoebner & Pusch, Chartered as local counsel, nunc pro tunc to the
May 5, 2015 petition date.

Lapp Libra will represent and assist the Debtors in carrying out
its duties and to perform other legal services necessary to the
Debtors' continuing operations.

Lapp Libra will be paid at these hourly rates:

       Ralph V. Mitchell           $475
       Mark J. Kalla               $475
       Rosanne H. Wirth            $335
       Lori A. Frey                $175
       Nancy I. Spooner            $145

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

Ralph V. Mitchell, shareholder of Lapp Libra, 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.

Lapp Libra can be reached at:

       Ralph V. Mitchell, Esq.
       LAPP, LIBRA, THOMSON,
       STOEBNER & PUSCH, CHARTERED
       120 South Sixth St., Ste. 2500
       Minneapolis, MN 55402
       Tel: (612) 338-5815
       Fax: (612) 338-6651
       E-mail: rmitchell@lapplibra.com

                     About Magnetation LLC

Magnetation LLC -- http://www.magnetation.com/-- is a joint   
venture between Magnetation, Inc. (50.1% owner) and AK Iron
Resources, LLC, an affiliate of AK Steel Corporation (49.9%
owner).

Magnetation LLC recovers high-quality iron ore concentrate from
previously abandoned iron ore waste stockpiles and tailings basins.
Magnetation LLC owns iron ore concentrate plants located in
Keewatin, MN, Bovey, MN and Grand Rapids, MN, and an iron ore
pellet plant in Reynolds, IN.  

Magnetation LLC and four subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Minn. Lead Case No. 15-50307) in Duluth,
Minnesota, on May 5, 2015, after reaching a deal with secured
noteholders on a balance sheet restructuring.  The cases are
assigned to Chief Judge Gregory F Kishel.

The Debtors have tapped Davis Polk & Wardwell LLP and Lapp, Libra,
Thomson, Stoebner & Pusch, Chtd., as attorneys; Blackstone Advisory
Partners LP as financial advisor; and Donlin, Recano & Company,
Inc., as the claims agent.

The Debtor's exclusive period for filing a plan and disclosure
statement ends Sept. 2, 2015.

The Debtor disclosed $239,210,542 in assets and $575,938,301 in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 12 appointed three creditors of
Magnetation LLC to serve on an official committee of unsecured
creditors.  The Committee tapped Cooley, LLP as its lead counsel,
Foley & Mansfield PLLP as its local counsel, and Province Inc., as
its financial advisor.


MARITIME TELECOMMUNICATIONS: S&P Withdraws 'B-' Corp. Credit Rating
-------------------------------------------------------------------
Standard & Poor's Ratings Services said that it withdrew its
ratings on Miramar, Fla.-based Maritime Telecommunications Network
Inc. (MTN), including the 'B-' corporate credit rating.

On July 1, 2015, EMC completed its acquisition of MTN.  As part of
the transaction, all outstanding debt at MTN was repaid.  As a
result, S&P has withdrawn the corporate credit rating and debt
ratings on MTN.



MCCLATCHY CO: Signs Consulting Agreement with Former VP Operations
------------------------------------------------------------------
In connection with Robert J. Weil's previously announced retirement
as vice president, operations of The McClatchy Company effective
June 30, 2015, the Company and Mr. Weil entered into a consulting
agreement pursuant to which Mr. Weil will, among other things,
assist the Company with transition matters relating to the
Company's operations in California, the Northwest, Texas, Kentucky,
and Pennsylvania.

The term of the Consulting Agreement commences July 1, 2015, and
ends Dec. 31, 2016, and either the Company or Mr. Weil may
terminate the Consulting Agreement prior to the end of the Term by
providing 10 business days' written notice.

During the Term, the Company will pay Mr. Weil $5,000 per month
during the 2015 calendar year and $2,500 per month during the 2016
calendar year and will reimburse Mr. Weil for reasonable travel and
other expenses within 30 days of receiving supporting
documentation.  The Consulting Agreement also includes customary
non-disclosure and indemnification provisions.

                     About The McClatchy Company

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

McClatchy Co reported net income of $374 million on $1.14 billion
of net revenues for the year ended Dec. 28, 2014, compared with net
income of $18.8 million on $1.21 billion of net revenues for the
year ended Dec. 29, 2013.

As of March 29, 2015, the Company had $2.35 billion in total
assets, $1.85 billion in total liabilities, and $496 million in
stockholders' equity.

                           *     *     *

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

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


MIDWAY GOLD: Seeks to Employ Sender Wasserman as Co-Counsel
-----------------------------------------------------------
Midway Gold U.S. Inc., et al., seek authority from the U.S.
Bankruptcy Court for the District of Colorado to employ Sender
Wasserman Wadsworth, P.C., as co-counsel.

SWW will counsel and assist the Debtors in all matters necessary to
fully administer the Chapter 11 case and perform all legal services
for the Debtor as may become necessary, including:

   (a) Preparation on behalf of the Debtor-in-Possession of all
       necessary reports, orders and other legal papers required
       in the Chapter 11 proceeding;

   (b) Performance of all legal services for Debtor as
       Debtor-in-Possession that may become necessary herein; and

   (c) Representation of the Debtor-in-Possession in any
       litigation that the Debtor-in-Possession determines is in
       the best interest of the estate.

The professionals' current hourly rates are as follows:

     Harvey Sender, Esq.              $500 per hour
     John B. Wasserman, Esq.          $500 per hour
     David V. Wadsworth, Esq.         $375 per hour
     Daniel A. Hepner, Esq.           $375 per hour
     Robert D. Lantz, Esq.            $325 per hour
     David J. Warner, Esq.            $275 per hour
     Aaron J. Conrardy, Esq.          $240 per hour
     Katharine S. Sender, Esq.        $150 per hour
     Paralegals                       $115 per hour

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

Harvey Sender, Esq., assures the Court that his firm does not hold
or represent any interest adverse to the Debtors and the bankruptcy
estates, and is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.  Mr. Sender adds that his
firm has no connection with any of the creditors of the Debtors,
the Debtor or any other party in interest, his respective attorneys
and/or accountants, the United States Trustee and any person
employed by the Office of the United States Trustee.

Mr. Sender, however, discloses that he, a partner at SWW, has been
a Chapter 7 panel trustee in numerous cases since approximately
1984, and, in his capacity as a Chapter 7 trustee, utilizes
software provided by a subsidiary of Epiq Systems, the noticing
agent for the Debtors in their bankruptcy case.  Moreover, Mr.
Sender says David V. Wadsworth, a partner at SWW, has been a
Chapter 7 panel trustee in numerous cases since 2009, and Daniel A.
Hepner, Of Counsel at SWW, has been a Chapter 7 panel trustee in
numerous cases since 1999.

Mr. Sender further discloses that on or about May 15, 2015, the
Debtors retained SWW to represent them in connection with a Chapter
11 bankruptcy proceeding.  In the initial engagement, Debtors
provided SWW a retainer of $25,000.  The Debtors agreed to provide
SWW an additional retainer of $75,000, assuming the Debtors
arranged for debtor-in-possession financing or an additional
$250,000 in the event debtor-in-possession financing was not
obtained.  The Debtors did not obtain debtor-in-
possession financing.  Rather, they have entered into a cash
collateral agreement with their primary secured lender, subject to
Court approval.  Accordingly, the retainer was adjusted.

Prior to the Petition Date, SWW received an aggregate amount of
$130,132 from Debtors.  Of that $130,132, $62,584 was paid to SWW
prior to the Petition Date for prepetition services provided.  The
remaining balance of $67,584 is being held as a retainer.

The firm may be reached at:

         Harvey Sender, Esq.
         John B. Wasserman, Esq.
         David V. Wadsworth, Esq.
         Daniel A. Hepner, Esq.
         Robert D. Lantz, Esq.
         David J. Warner, Esq.
         Aaron J. Conrardy, Esq.
         Katharine S. Sender, Esq.
         1660 Lincoln Street
         Suite 2200
         Denver, CO 80264
         Tel: (303) 296-1999
         Fax: (303) 296-7600
         Email: hsender@sww-legal.com
                jwasserman@sww-legal.com
                dwadsworth@sww-legal.com
                dhepner@sww-legal.com
                rlantz@sww-legal.com
                aconrardy@sww-legal.com
                kswan@sww-legal.com

                         About Midway Gold

Midway Gold Corp., incorporated on May 14, 1996 under the laws of
the Province of British Columbia, Canada, is engaged in the
acquisition, exploration and development of mineral properties
located in the state of Nevada and Washington.

Midway Gold operates primarily through its wholly-owned subsidiary
located in the United States, Midway Gold US Inc.  The executive
offices are in Englewood, Colorado.  Midway US currently has one
gold producing property: the Pan gold mine located in White Pine
County, Nevada.  Midway also has gold properties which are
exploratory stage projects where gold mineralization has been
identified, such as the Tonopah project in Nye County, Nevada, the
Gold Rock project in White Pine County, Nevada, and the Golden
Eagle project in Ferry County, Washington.  Out of these projects,
a permitting process has been undertaken only for the Gold Rock
project.  Finally, Midway's Spring Valley property, another gold
property located in Pershing County, Nevada, is subject to a joint
venture with Barrick Gold Exploration Inc.

On June 22, 2015, Midway Gold US Inc. and 12 related entities,
including parent Midway Gold Corp. each filed a petition in the
U.S. Bankruptcy Court for the District of Colorado seeking relief
under Chapter 11 of the U.S. Bankruptcy Code.  The Debtors' cases
have been assigned to Judge Michael E. Romero.  The Debtors sought
to have their cases jointly administered for procedural purposes,
with all pleadings will be maintained on the case docket for Midway
Gold US Inc.; Case No. 15-16835.

The Debtors tapped Squire Patton Boggs (US) LLP as bankruptcy
counsel; Sender Wasserman Wadsworth, P.C., as special bankruptcy
and restructuring counsel; DLA Piper (Canada) LLP, as Canadian
bankruptcy counsel; Ernst & Young Inc., as information officer of
Canadian court; RBC Capital Markets, as investment banker; FTI
Consulting as financial advisor; and Epiq Solutions, as claims and
noticing agent.

Midway Gold disclosed $184 million in assets and $62.4 million in
liabilities as of March 31, 2015.


MOLYCORP INC: Can Tap Prime Clerk as Claims & Noticing Agent
------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware authorized Molycorp, Inc., et al., to appoint
Prime Clerk LLC as claims and noticing agent.

The Debtors stated that their selection of Prime Clerk to act as
the claims and noticing agent satisfied the Claims Agent Protocol
in that the Debtors have obtained and reviewed engagement proposals
from at least two other court-approved claims and noticing agents
to ensure selection through a competitive process.

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

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

                                    Hourly Rate
                                    -----------
     Analyst                        $30 to $45
     Technology Consultant          $80 to $100
     Consultant                     $95 to $135
     Senior Consultant             $140 to $165
     Director                      $170 to $190

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

                                    Hourly Rate
                                    -----------
     Solicitation Consultant          $185
     Director of Solicitation         $205

The firm will charge $0.09 per page for printing and $0.10 per page
for fax noticing, but won't charge anything for e-mail noticing.
Hosting of the case Web site is free of charge and updating the
case docket and claims register are free of charge.  For data
administration and management, the firm will charge $0.10 per
record per month for data storage, maintenance and security.

The claims agent can be reached at:

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

                        About Molycorp

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare   
earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior manageemnt members are located at its U.S.
corporate headquarters in Greendwood Village, Colorado.

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.

Molycorp and its North American subsidiaries, together with
certain of its non-operating subsidiaries outside of North America,
filed Chapter 11 voluntary petitions in Delaware (Bankr. D. Del.
Lead Case No. 15-11357) on June 25, 2015, after reaching agreement
with a group of lenders on a financial restructuring.  The Chapter
11 cases of Molycorp and 20 affiliated debts are pending before
Judge Christopher S. Sontchi.

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from the
filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from AlixPartners,
LLP.  Jones Day and Young, Conaway, Stargatt & Taylor LLP act as
legal counsel to the Company in this process.  Prime Clerk serves
as claims and noticing agent.



MOLYCORP INC: Court Issues Joint Administration Order
-----------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware issued an order authorizing the joint
administration of the Chapter 11 cases of Molycorp, Inc., and its
debtor affiliates, under Case No. 15-11357.

                        About Molycorp

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare   
earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior manageemnt members are located at its U.S.
corporate headquarters in Greendwood Village, Colorado.

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.

Molycorp and its North American subsidiaries, together with
certain of its non-operating subsidiaries outside of North America,
filed Chapter 11 voluntary petitions in Delaware (Bankr. D. Del.
Lead Case No. 15-11357) on June 25, 2015, after reaching agreement
with a group of lenders on a financial restructuring.  The Chapter
11 cases of Molycorp and 20 affiliated debts are pending before
Judge Christopher S. Sontchi.

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from the
filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from AlixPartners,
LLP.  Jones Day and Young, Conaway, Stargatt & Taylor LLP act as
legal counsel to the Company in this process.  Prime Clerk serves
as claims and noticing agent.


MOLYCORP INC: Has Until Aug. 24 to File Schedules
-------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware extended until Aug. 24, 2015, the time within
which Molycorp, Inc., and its debtor affiliates must file their
schedules of assets and liabilities, statements of financial
affairs, lists of executory contracts and unexpired leases, and
reports pursuant to Rule 2015.3 of the Federal Rules of Bankruptcy
Procedure.

                        About Molycorp

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare   
earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior manageemnt members are located at its U.S.
corporate headquarters in Greendwood Village, Colorado.

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.

Molycorp and its North American subsidiaries, together with
certain of its non-operating subsidiaries outside of North America,
filed Chapter 11 voluntary petitions in Delaware (Bankr. D. Del.
Lead Case No. 15-11357) on June 25, 2015, after reaching agreement
with a group of lenders on a financial restructuring.  The Chapter
11 cases of Molycorp and 20 affiliated debts are pending before
Judge Christopher S. Sontchi.

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from the
filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from AlixPartners,
LLP.  Jones Day and Young, Conaway, Stargatt & Taylor LLP act as
legal counsel to the Company in this process.  Prime Clerk serves
as claims and noticing agent.


MOLYCORP INC: Meeting to Form Creditors' Panel Set for July 8
-------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on July 8, 2015, at 10:00 a.m. in the
bankruptcy case of Molycorp, Inc., et al.

The meeting will be held at:

         The Double Tree Hotel
         700 King St., Salon C
         Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.  Section 1103 of the
Bankruptcy Code provides that the Committee may consult with the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.  The
Committee may also perform other services as are in the interests
of the unsecured creditors whom it represents.



MONAKER GROUP: Deborah Linden Quits as Director
-----------------------------------------------
Deborah Linden resigned from her position as a director of Monaker
Group, Inc. effective June 30, 2015, according to a document filed
with the Securities and Exchange Commission.  The resignation did
not involve any disagreement with the Company, the filing stated.

                        About Monaker Group

Monaker Group, Inc., formerly known as Next 1 Interactive, Inc., is
a digital media marketing company focusing on lifestyle enrichment
for consumers in the travel, home and employment sectors.  Core to
its marketing services are key elements including proprietary
video-centered technology and established partnerships that enhance
its reach.  Video is quickly becoming consumer's preferred method
of searching and educating themselves prior to purchases.
Monaker's video creation technology and film libraries combine to
create lifestyle video offerings that can be shared both to its
customers and through trusted distribution systems of its major
partners.  The end result is better engagement with consumers who
gain in-depth information on related products and services helping
to both inform and fulfill purchases.  Unlike traditional marketing
companies that simply charge for advertising creation, Monaker
holds licenses and/or expertise in the travel, real estate and
employment sectors allowing it to capture fees at the point of
purchase while the majority of transactions are handled by
Monaker's partners.  This should allow the company to capture
greater revenues while eliminating much of the typical overhead
associated with fulfillment.  Monaker core holdings include
Maupintour, NameYourFee.com, RealBiz Media Group - helping it to
deliver marketing solutions to consumers at home, work and play.

Next 1 Interactive reported a net loss of $50,486 on $1.1 million
of total revenues for the year ended Feb. 28, 2015, compared to a
net loss of $18.3 million on $1.5 million of total revenues for the
year ended Feb. 28, 2014.

As of Feb. 28, 2015, the Company had $7.1 million in total assets,
$13.1 million in total liabilities and a $6 million total
stockholders' deficit.

D'Arelli Pruzansky, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Feb. 28, 2015, citing that the Company has incurred
an operating loss of $5,437,235 and net cash used in operations of
$2,624,822 for the year ended Feb. 28, 2015, and the Company had an
accumulated deficit of $86,078,617 and a working capital deficit of
$12,811,302 at February 28, 2015.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


MORGAN HILL PARTNERS: Exclusive Plan Filing Date Extended to Oct. 2
-------------------------------------------------------------------
Judge Arthur S. Weissbrodt of the U.S. Bankruptcy Court for the
Northern District of California, San Jose Division, extended the
period by which Morgan Hill Partners, LLC, has exclusive right to
file a plan through and including October 2, 2015, and the period
by which the Debtor has exclusive right to solicit acceptances of
that plan through and including December 1, 2015.

In support of the Debtor's extension request, the Debtor's counsel,
Roya Shakoori, Esq., at Binder & Malter, LLP, in Santa Clara,
California, told the Court that more time is needed to develop and
present information under Section 1125 of the Bankruptcy Code.
Until the Debtor has explored all options with the the County of
Santa Clara Department of Parks and Recreation and negotiated a
fair price, evaluated tax consequences and resolution of disputes
with Vesta Lohrasb, the Debtor will not know the precise means for
emerging from Chapter 11.

While the Debtor would have an alternative plan should the sale to
the County fall apart, the current anticipated sale to the County
is believed to be the best option for the Debtor to quickly
maximize a payout to its creditors and emerge from Chapter 11, Ms.
Shakoori told the Court.  Initial time is needed to bring that to
fruition and in order to evaluate the exact amount that will come
into the Debtor's estate along with which creditors can and must be
paid, Ms. Shakoori added.

Ms. Lohrasb, the former wife of the sole owner of the Debtor,
opposed the extension request, arguing that the Debtor has not
shown cause for an unrestricted extension of the plan exclusivity
periods.  Ms. Lohrasb asserted that any extension of the
exclusivity periods should be conditioned on the Debtor disclosing
information and documents to Ms. Lohrasb, providing continued
status reports regarding the proposed sale to Ms. Lohrasb every two
weeks as the Court previously ordered, and ongoing compliance with
reasonable requests for information and documents from Ms. Lohrasb.
Further, Ms. Lohrasb asserted that any extension of the
exclusivity periods should not be binding on any Chapter 11
Trustee.

The Debtor, in response to Ms. Lohrasb's opposition, contended that
the cause offered for the requested extensions is that the Debtor
(and a related entity) are negotiating contracts with the County to
sell their real property.  The proposed extension of the deadlines
to file a plan will allow those negotiations to conclude and the
County's approval process for a sale to occur, the Debtor asserted.
A plan, if that is the most appropriate exit from Chapter 11, will
soon follow those events, the Debtor added.

The Debtor is represented by:

         Michael W. Malter, Esq.
         Robert G. Harris, Esq.
         Roya Shakoori, Esq.
         BINDER & MALTER, LLP
         2775 Park Avenue
         Santa Clara, CA 95050
         Tel: 408 295-1700
         Fax: 408 295-1531
         Email: michael@bindermalter.com
                rob@bindermalter.com
                roya@bindermalter.com

Vesta Lohrasb is represented by:

         Gregg M. Ficks, Esq.
         COBLENTZ PATCH DUFFY & BASS LLP
         One Ferry Building, Suite 200
         San Francisco, CA 94111-4213
         Tel: 415 391-4800
         Fax: 415 989-1663
         Email: ef-gmf@cpdb.com

                     About Morgan Hill Partners

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

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

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


MORTGAGE LENDER: 1st Circ. Affirms Dismissal of "Lister" Suit
-------------------------------------------------------------
The United States Court of Appeals for the First Circuit affirmed a
district court's judgment granting a motion to dismiss for failure
to state a claim a lawsuit filed by a couple against Debtor
Mortgage Lenders Network, USA, Inc., and Bank of America, N.A,
among other defendants.

Claiming uncertainty as to which entity holds an enforceable
mortgage on their home, Deborah Lister and Leon Blais filed suit
against numerous potential mortgagees.  In October 2000, Lister
purchased a parcel of property in Lincoln, Rhode Island, and
recorded her interest in the Town of Lincoln's Land Evidence
Records.  In 2006, Lister refinanced and secured a new mortgage
with Debtor Mortgage Lenders Network.  Lister alleges that neither
the note nor the mortgage were executed, witnessed, or notarized,
and that she does not have any recollection of signing the
mortgage.  Nevertheless, she began making payments to the address
listed on a document entitled "First Payment Notice."  After MLN
filed for bankruptcy in Delaware, Lister received notice to forward
her mortgage payments to Bank of America, and she did so.  The
Plaintiffs filed suit, alleging three causes of action.

The First Circuit affirmed the District Court's judgment granting
the Defendants' motions to dismiss, noting that while the district
court dismissed the complaint in its entirety, the appellants offer
no argument with respect to Counts One ("Preliminary Relief") and
Three ("Credit Reporting").  The First Circuit therefore deems
those claims waived.  While the economic interests of Lister and
the mortgagee might be adverse in the sense that she disputes owing
any money," (Lister) cannot be heard to argue that [the
mortgagee's] claim is adverse to (her) own" within the meaning of
the quiet title statute, the First Circuit ruled.  Her claim
necessarily fails, the First Circuit further ruled.

The appeals case is DEBORAH A. LISTER; LEON ALAN BLAIS, Plaintiffs,
Appellants, v. BANK OF AMERICA, N.A., in its own right and as
successor by merger to BAC Loan Servicing, Inc.; MORTGAGE
ELECTRONIC REGISTRATION SYSTEMS, INC.; HOMEWARD RESIDENTIAL, INC.,
in its own rights and as successor to American Home Mortgage
Servicing, Inc.; OCWEN LOAN SERVICING, LLC, Defendants, Appellees,
NEIL F. LURIA, in his capacity as Liquidating Trustee of Chapter 11
Estate of Mortgage Lenders Network, USA, Inc., Defendant, Case No.
14-1448 (1st Circ.).

A full-text copy of Judge Howard's Order dated June 12, 2015
available at http://is.gd/Mf62usfrom Leagle.com.

Leon A. Blais, Esq. -- lblais@blaisparent.com -- of Blais & Parent
serve as counsel for Appellants.

Joseph F. Yenouskas, Esq. -- jyenouskas@goodwinprocter.com -- and
George R. Schneider, Esq. -- gschneider@goodwinprocter.com -- of
Goodwin Procter LLP serve as counsel for Appellee Bank of America,
N.A.

                      About Mortgage Lenders

Middletown, Connecticut-based Mortgage Lenders Network USA Inc. --
http://www.mlnusa.com/-- was once the 15th largest mortgage  
lender in the United States.  The Company filed for Chapter 11
protection on February 5, 2007 (Bankr. D. Del. Case No. 07-10146).
Pachulski Stang Ziehl & Jones LLP represents the Debtor.  Blank
Rome LLP represents the Official Committee of Unsecured Creditors.
In the Debtor's schedules of assets and liabilities filed with the
Court, it disclosed total assets of $464,847,213 and total debts
of $556,459,464.

The Honorable Peter J. Walsh approved the Company's the First
Amended Plan of Liquidation as Modified on February 3, 2009.  A
full-text copy of the Debtor's First Amended Liquidating Plan
under Chapter 11 of the Bankruptcy Code, dated December 19, 2008,
is available at http://is.gd/1a3YGat no charge.  

On July 19, 2011, the Bankruptcy Judge entered an Order approving
the final distributions, including distributions to most of the
plaintiffs, in the MLN Bankruptcy Case.


MUSCLEPHARM CORP: Wynnefield Raises Stake to 5.1%
-------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Wynnefield Partners Small Cap Value, L.P. I, Wynnefield
Partners Small Cap Value, L.P., Wynnefield Small Cap Value Offshore
Fund, Ltd. and Wynnefield Capital, Inc. Profit Sharing Plan,
collectively referred to as the "Wynnefield Reporting Persons",
disclosed that as of June 29, 2015, they beneficially owned 690,000
shares of common stock of MusclePharm Corporation, constituting
approximately 5.1% of the outstanding shares of Common Stock
outstanding.

On June 25, 2015, and June 29, 2015, Wynnefield Offshore purchased
47,821 common shares and 2,179 common shares, respectively.

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

                        http://is.gd/BhgAgy

                         About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation
(OTC BB: MSLP) -- http://www.muslepharm.com/-- is a healthy life-
style company that develops and manufactures a full line of
National Science Foundation approved nutritional supplements that
are 100 percent free of banned substances.  MusclePharm is sold in
over 120 countries and available in over 5,000 U.S. retail
outlets, including GNC and Vitamin Shoppe.  MusclePharm products
are also sold in over 100 online stores, including
bodybuilding.com, Amazon.com and Vitacost.com.

MusclePharm Corporation reported a net loss of $13.8 million in
2014, a net loss of $17.7 million in 2013 and a net loss of $19
million in 2012.

As of March 31, 2015, the Company had $67.9 million in total
assets, $46.9 million in total liabilities, and $20.96 million in
total stockholders' equity.


NORTHSHORE MAINLAND: July 14 Meeting Set to Form Creditors' Panel
-----------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on July 14, 2015, at 10:00 a.m. in the
bankruptcy case of Northshore Mainland Services Inc., et al.

The meeting will be held at:

         The Double Tree Hotel
         700 King St., Salon C
         Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee. Section 1103 of the
Bankruptcy Code provides that the Committee may consult with the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.  The
Committee may also perform other services as are in the interests
of the unsecured creditors whom it represents.



NORTHWEST MISSOURI HOLDINGS: Fails in Bid to Stay Townes' Suit
--------------------------------------------------------------
Judge Leonard P. Stark of the United States District Court for the
District of Delaware denied Northwest Missouri Holdings, Inc., et
al.'s motion for stay of a bankruptcy court's order dismissing
their Chapter 11 case pending an appeal from the same order.

Northwest Missouri Holdings filed for Chapter 11 bankruptcy relief
on April 6, 2015.  Townes Tele-Communications, Inc., and Townes
Missouri Two, Inc., hold more than 99% of the Appellants' debts.
Prior to bankruptcy, and after the Appellants defaulted on those
debts, Townes had secured a judgment in Missouri state court.  Also
prior to bankruptcy, Townes had initiated receivership proceedings,
but these state court proceedings were stayed by the bankruptcy
pursuant to Section 362(a) of the Bankruptcy Code.  Townes filed a
motion to dismiss the Appellants' bankruptcy.  The Bankruptcy Court
granted dismissal under Section 1112.  This lifted the automatic
stay.

Judge Stark denied the Appellants' emergency motion for stay
pending appeal, finding that the Appellants have not met their
burden to show that the pertinent factors weigh in favor of
granting a stay.  The testimony in the record indicates that if
Townes acquires the Appellants, the payout to the other creditors
will be greater than in liquidation, Judge Stark pointed out.  The
Appellants' theoretical argument offers no basis to question the
Bankruptcy Court's finding that there is no meaningful prospect of
reorganization, Judge Stark further pointed out.

The District Court found that the record supports the Bankruptcy
Court's conclusion that the two entities are functionally
equivalent.  Moreover, the District Court found that the Appellants
have not demonstrated likelihood that the Bankruptcy Court abused
its discretion by dismissing their case.  Judge Stark said that
though the attendant delay associated with a stay may cause some
injury to Townes, the District Court is not persuaded this injury
will be substantial.  Given that this is at least largely a
two-party dispute, the District Court found that the public
interest favors allowing the matter to move forward towards a
resolution in the more appropriate forum -- Missouri state court.

The district court case is NORTHWEST MISSOURI HOLDINGS, INC.,
OREGON FARMERS MUTUAL TELEPHONE CO., OREGON FARMERS MUTUAL LONG
DISTANCE, INC., and SOUTH HOLT CABLEVISION, INC., Appellants, v.
TOWNES MISSOURI, INC., Appellee, Civil Case No.: 15-470-LPS
(D.Del.).

The bankruptcy case is IN RE: NORTHWEST MISSOURI HOLDINGS, INC., et
al., Case No. 15-10728 (Bankr. D.Del.).

Brian A. Sullivan, Esq. -- and Duane D. Werb, Esq. -- of Werb &
Sullivan; Charles J. Brown, III, Esq. -- cbrown@gsbblaw.com -- of
Gellert Scali Busenkell & Brown, LLC, serve as counsel for
Appellant Northwest Missouri Holdings, Inc.

David M. Powlen, Esq. -- david.powlen@btlaw.com -- and Kevin Grant
Collins, Esq. -- kevin.collins@btlaw.com -- of Barnes & Thornburg
LLP serve as counsel for Appellee Townes Missouri, Inc.

A full-text copy of Judge Stark's Memorandum Order dated June 11,
2015 available at http://is.gd/9UrGRKfrom Leagle.com.

Oregon, Missouri-based Northwest Missouri Holdings, Inc., and its
affiliates sought protection under Chapter 11 of the Bankruptcy
Code on April 6, 2015 (Bankr. D. Del., Case No. 15-10728).  The
case is assigned to Judge Brendan Linehan Shannon.

The Debtors' counsel is Charles J. Brown, Esq., at Gellert Scali
Busenkell & Brown LLC, in Wilmington, Delaware.  The Debtors'
co-counsel is Werb & Sullivan.


ONCOLOGY ASSOCIATES: IRS Given Higher Priority in $75K Deposit
--------------------------------------------------------------
In a bankruptcy action, Barbara Schneider reached a settlement with
the bankruptcy trustee appointed to oversee the Chapter 11
bankruptcy of her former employer, Oncology Associates of Ocean
County, LLC.  Bankruptcy Judge Honorable Michael B. Kaplan approved
the settlement, in the amount of $75,000; however, three creditors
-- Alan L. Frank, TD Bank, N.A., and the United States of America
-- claimed an interest in the proceeds to Schneider.  The parties
could not reach an agreement as to how the funds should be
distributed, and as a result, Judge Kaplan ordered that the funds
be deposited with the District Court.

Judge Michael A. Shipp of the United States District for the
District of New Jersey granted the United States' application for
the funds and denied Frank Firm's and TD Bank's applications,
holding that, in this case, the United States filed its notice of
federal tax liens in 2010 and 2012.  The Frank Firm executed an
assignment with Schneider for its attorney's fees on November 11,
2013, and executed an amended assignment on February 11, 2014.  The
Frank Firm has not shown that it has satisfied the procedural
requirements to perfect its attorney's fees lien under N.J.S.A. 2A:
13-5, Judge Shipp said.  Therefore, the Frank Firm only holds an
assignment that is subject to the United States' tax lien.
Additionally, in November 2013, TD Bank obtained a judgment against
Schneider and served a writ of execution in June 2014.
Accordingly, as the United States obtained its lien first, it has a
higher priority than TD Bank's interest, Judge Shipp ruled.

The case is IN RE ONCOLOGY ASSOCIATES OF OCEAN COUNTY, LLC, et al.,
CIVIL ACTION NO. 14-228(MAS)(D.N.J.).

A full-text copy of Judge Shipp's Memorandum Order dated June 10,
2015, is available at http://is.gd/oanLqOfrom Leagle.com.

Melissa Anne Pena, Esq. -- mapena@nmmlaw.com -- of Norris
McLaughlin & Marcus, PA, serves as counsel for Oncology Associates
of Ocean County, LLC, Modern Radiation and Oncology of Ocean
County, LLC, and Dover Real Estate Holdings, LLC.

Alan L. Frank, Petitioner, Pro Se.

Ari David Kunofsky, Esq., of U.S. Department of Justice serves as
counsel for United States of America, Interested Party.

Paul A. Mainardi, Esq. -- pmainardi@brownconnery.com -- of Brown &
Connery, LLP, serves as counsel for T.D. Bank, N.A, successor by
merger to Commerce Bank, N.A., Interested Party.

                    About Oncology Associates

Oncology Associates of Ocean County, LLC, based in Toms River, New
Jersey, filed for Chapter 11 bankruptcy (Bankr. D. N.J. Case No.
12-11790) on Jan. 25, 2012, in Trenton.  Judge Raymond T. Lyons,
Jr., was assigned to the case.  Joseph Casello, Esq., at Collins,
Vella & Casello, served as bankruptcy counsel.  In its petition,
OAOC estimated $1 million to $10 million in both assets and debts.
The petition was signed by Dr. Barbara Schneider, managing member.

After considerable litigation, including substantial motion
practice, the Court determined that OAOC's bankruptcy case
warranted the appointment of a Chapter 11 Trustee.  Accordingly,
an order appointing Morris S. Bauer as the Chapter 11 Trustee was
entered on Nov. 6, 2012.

Upon his appointment, the Trustee sought to administer OAOC's
estate through, among other things, a sale of OAOC's assets.
Concerned that certain of OAOC's assets had been diverted to
OAOC's affiliate, Modern Radiation and Oncology of Ocean County,
LLC, and that certain real property relating to OAOC was
controlled by Dover Real Estate Holdings, LLC, the Trustee sought,
through separate motions, to extend OAOC's bankruptcy proceedings
to both Modern and Dover.  On Jan. 22, 2013 and April 26, 2013,
respectively, the Court entered orders substantively consolidating
Modern and Dover with OAOC's bankruptcy case.

Attorney for Morris S. Bauer, Chapter 11 Trustee, is Gary N. Marks,
Esq., at Norris, McLaughlin & Marcus, PA, in Bridgewater, New
Jersey.

Attorneys for General Electric Capital Corporation are Mark F.
Magnozzi, Esq., and Amish R. Doshi, Esq., at Magnozzi & Kye, LLP,
in Huntington, New York.

Attorney for the United States of America is Ari D. Kunofsky, Esq.,
at U.S. Department of Justice, in Washington, D.C.


ORCKIT COMMUNICATIONS: Obtains Revised Acquisition Proposals
------------------------------------------------------------
Orckit Communications Ltd. disclosed in a regulatory filing with
the Securities and Exchange Commission that its temporary
liquidator, Adv. Lior Dagan, received a revised offer from Gali
Lieberman and Adv. Victor Teshuva to acquire the Company as a
public shell company listed on the TASE.  

According to the Teshuva/Liberman Revised Offer, all terms and
conditions of their original offer is valid, except for the
transaction price, which is amended to NIS 800,000 (approximately
$200,000), plus 10% of the investors' gains arising, directly or
indirectly, from the sale of the Company's shares and/or any other
transaction, plus any such gains in excess of NIS 300,000 (net of
said 10%) and up to the sum of NIS 100,000.

On July 1, 2015, following the receipt of the Teshuva/ Liberman
Revised Offer, the Temporary Liquidator received a letter on behalf
of Mr. Izhak Tamir and May Patents Ltd. containing a revised
proposal.  According to the Tamir/May Revised Proposal, all terms
and conditions of their original proposal is valid, except that the
bidding procedure for the sale of the Company as a public shell
company will be in accordance with the terms set forth under the
Teshuva/Liberman Revised Offer, and if the bidding procedure will
not result in a higher bid than the bid proposed for the
acquisition of the Company as a public shell company in accordance
with the Teshuva/Liberman Revised Offer and the Teshuva/Liberman
Revised Offer will no longer be in effect, then, following the
Arrangement described in the Proxy Statement, Mr. Tamir will
acquire the Company as a public shell company on the same terms and
conditions as the Teshuva/Liberman Revised Offer, except that NIS
800,000 will be replaced with NIS 900,000.

Votes via proxy will be accepted until July 5, 2015, at 2:00 p.m.,
Israel time.

                  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.


PARFUMS ACQUISITION: S&P Assigns 'B' CCR, Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Stamford, Conn.-based Parfums Acquisition Co. Inc.
The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating to
Parfums' $20 million senior secured revolving credit facility due
2020 and $260 million senior secured term loan due 2022.  The
recovery rating is '3', reflecting S&P's expectation for meaningful
(50% to 70%, at the low end of the range) recovery in the event of
default.

"Our ratings reflect Parfums' weak credit metrics, small scale,
significant customer concentration, limited brand equity, and
narrow business focus in the bath and beauty industry," said
Standard & Poor's credit analyst Brennan Clark.  "Though we
forecast credit metrics will improve over the next 12 months
through steady free cash flow generation and debt amortization, we
believe the financial sponsor, Yellow Wood Partners, will shape the
company's financial policy and could prevent the company from
sustaining leverage below 5x.  Our view is primarily rooted in the
typical financial policies of most financial sponsor-owned
companies, which focus on generating investment returns over short
time horizons and typically operate with high debt levels."

The stable outlook reflects Standard & Poor's expectation that
Parfums' operating performance will at least remain at current
levels and that credit metrics will modestly strengthen, albeit
remain at weak levels, because of EBITDA growth.  S&P also believes
the company will leverage its existing distribution network to
drive growth of Cantu and Dr. Teal's, its best-performing brands.

S&P could lower the rating if operating performance declines, which
would weaken S&P's view of company's business risk profile and
result in a removal of the positive comparable ratings analysis
adjustment.  While highly unlikely over the next year, S&P could
raise the rating if the company significantly improves its scale
and diversifies its business, while also demonstrating a track
record and commitment to sustaining leverage well below 5x.



PETTERS COMPANY: Charities' Bids to Dismiss Clawback Suits Denied
-----------------------------------------------------------------
Judge Gregory F. Kishel of United States Bankruptcy Court for the
District of Minnesota denied the motions to dismiss lawsuits filed
by Douglas A. Kelley, as Chapter 11 trustee for Petters Company,
Inc., et al., against three charities.

The Trustee filed the lawsuits seeking to avoid payments of money
that one or more of the Debtors had made to the three defendants.
The Plaintiff pleaded Minnesota's enactment of the Uniform
Fraudulent Transfer Act as his principal legal authority.  The
motions at bar focus on a 2012 amendment to MUFTA.  The Defendants
assert the 2012 amendment as a complete defense to the Plaintiff's
claims under MUFTA.

Among the defendants sued were a number of entities that had held
themselves out as charitable organizations during the time they
dealt with the Debtors.  They had received payments of money from
PCI or one of its affiliated debtor-entities.  As part of a
settlement effort to reduce the litigation docket, mediation was
conducted between the Trustee and members of several classes of
parties sued by him, including the "charity-defendants."  Motions
for dismissal made by Defendants Sabes Family Foundation and The
Minneapolis Foundation (in ADV 10-4301) and Defendant Northwestern
Foundation (in ADV 10-4352) were filed in the Bankruptcy Court.

Judge Kishel denied the charity-defendants' motion for dismissal,
holding that they are not entitled to the dismissal of the
Trustee's actions for avoidance against them.  The Trustee,
according to Judge Kishel, has pled claims on which relief may be
granted against the charity-defendants, even in the wake of the
2012 amendment to MUFTA.  The language of the amendment, in its
context within the comprehensive statute, does not give the
charity-defendants a broad shelter from suit as to payments they
received in the status of payees under promissory notes made by the
Debtors, even if they originally received those rights as a
contribution via assignment from a prior holder payee-status, Judge
Kishel said.  Nor, at this time, can it be held as a matter of law
on the Trustee's fact-pleading, that they were not receiving return
on investment made by them, when the Debtors made payments of
principal and interest to them, Judge Kishel added.

The cases are DOUGLAS A. KELLEY, in his capacity as the
court-appointed Chapter 11 Trustee of Debtors Petters Company,
Inc., PC Funding, LLC, and SPF Funding, LLC, Plaintiff, v.
OPPORTUNITY FINANCE, LLC; Opportunity Finance Securitization, LLC;
Opportunity Finance Securitization II, LLC; Opportunity Finance
Securitization III, LLC; International Investment Opportunities,
LLC; Sabes Family Foundation; Sabes Minnesota Limited Partnership;
Robert W. Sabes; Janet F. Sabes; Jon R. Sabes; Steven Sabes;
Deutsche Zentralgenossenschaftbank AG; West Landesbank AG; WestLB
AG New York Branch; and The Minneapolis Foundation; Defendants, and
METRO GEM, INC.; Metro Gem LLC; Northwestern Foundation; and Frank
E. Vennes, Jr., Defendants, COURT FILE NOS. 08-45257, 08-45258
(GFK), 08-45326 (GFK), 08-45327 (GFK), 08-45328 (GFK), 08-45329
(GFK), 08-45330 (GFK), 08-45331 (GFK), 08-45371 (GFK), 08-45392
(GFK), ADV 10-4301, ADV 10-4352, (Bankr., D. Minn.).

The bankruptcy case is In re: PETTERS COMPANY, INC., ET AL, Chapter
11, Debtors, Case No. NO. 08-45257.

A full-text of Judge Kishel's Order dated June 11, 2015 is
available at http://is.gd/9PuDnyfrom Leagle.com.

                      About Petters Company

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

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

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

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

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

The Official Committee of Unsecured Creditors is represented by
David E. Runck, Esq., Lorie A. Klein, Esq., at Fafinski Mark &
Johnson, P.A.

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


PHOENIX INDUSTRIAL: S&P Lowers Rating on 2013 Bonds to 'CCC'
------------------------------------------------------------
Standard & Poor's Ratings Services has lowered to 'CCC' from 'BB+'
the rating on the Phoenix Industrial Development Authority's series
2013 solid waste disposal facilities revenue bonds.  The rating
remains on CreditWatch with developing implications.

"This rating action is a reflection of the prolonged and escalating
legal dispute between the city of Glendale, Ariz., and Vieste SPE
LLC, and the potential for a default on the bonds within the next
12 months," said Standard & Poor's credit analyst James Breeding.
The bonds were issued in 2013 with proceeds loaned to Vieste Energy
SPE LLC (the borrower) for the purpose of constructing and
equipping a materials recovery facility (MRF) in Glendale.  The
rating was previously lowered in December 2014 and again in April
2015, when Standard & Poor's also placed it on CreditWatch with
developing implications. The CreditWatch status remains in place as
there is the potential for both positive and negative credit events
to occur within the next 90 days.

The facility was completed in 2014, but was not immediately
declared open for commercial operations.  There is currently a
prolonged legal dispute between the Vieste Energy SPE LLC and
Glendale regarding, among other items, the delivery of acceptable
waste as defined in the waste supply agreement.  According to
public disclosure documents, during an extended commissioning
period, the city has delivered feedstock to the facility that
contains a substantial amount of yard waste.  Facility management
states that it audited more than 1,250 loads of material the city
delivered and, according to the operator, there was a significant
amount of unacceptable waste in approximately 90% of all inbound
loads.  On March 31, 2015, following an arbitration hearing, the
arbitrator ruled that "yard waste" was not currently considered
"acceptable waste" under the (WSA).  On April 8, 2015, the city
filed suit against Vieste seeking the court's interpretation of
certain provisions within the WSA.  On May 18, Vieste began
accepting waste loads and, according to Vieste representatives, all
305 loads failed inspection.  Vieste has responded to the suit, and
the court convened on June 22, 2015, to hear oral arguments on
Vieste's motion. Vieste is also seeking payment from the city of
Glendale for damages.



PS&G BC CONNECTOR: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: PS&G BC Connector, Inc.
          aka PSGI Airport, Inc.
        8500 Essington Avenue
        Philadelphia, PA 19153  

Case No.: 15-14726

Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Jean K. FitzSimon

Debtor's Counsel: Dimitri L. Karapelou, Esq.
                  LAW OFFICES OF DIMITRI L. KARAPELOU, LLC
                  Two Penn Center
                  1500 JFK Boulevard, Suite 920
                  Philadelphia, Pa 19102
                  Tel: 215 - 391 - 4312
                  Fax: 215-701-8707
                  Email: dkarapelou@karapeloulaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Andrew Cosenza, president.

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


QUANTUM FUEL: Amends Debt Repayment Agreement with AGI
------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc. has certain
receivables due from Advanced Green Innovations, LLC and its
affiliate ZHRO Solutions, LLC arising from services provided by the
Company.  The Company, AGI, ZHRO and their affiliate, Advanced
Green Technologies, LLC agreed to repayment term with an effective
date of Dec. 10, 2014.

The Company disclosed in a regulatory filing with the Securities
and Exchange Commission that it entered into an amendment to Debt
Repayment Agreement with the AGI Parties by which the Company and
the AGI Parties agreed to amend the repayment terms of the Debt
Repayment Agreement and cure all existing defaults of the AGI
Parties.

Prior to the parties' execution of the Amendment to Debt Repayment
Agreement, the AGI Parties had paid the Company the sum of
$575,000, leaving an unpaid balance of $1,745,848 inclusive of
interest, but were in default of the Debt Repayment Agreement.

Below is a summary of the material terms of the Amendment to Debt
Repayment Agreement:

   * The Adjusted Unpaid Amount will be paid as follows:

      -- $500,000, which was paid upon execution of the Amendment
         to Debt Repayment Agreement;

      -- an amount equal to 10% of the Proceeds Collected for the
         month of July, due on or before July 31, 2015;

      -- four installments of an amount equal to the greater of
         $225,000 or 10% of the Proceeds Collected for the months
         of August, September, October and November, due on August
         31, 2015, September 30, 2015, October 30, 2015 and
         November 30, 2015, respectively; and

      -- a final installment equal to the entire unpaid portion of
         the Adjusted Unpaid Amount plus all unpaid accrued
         interest, due on or before Dec. 23, 2015.

   * The interest rate on the Adjusted Unpaid Amount was reduced
     from 18% per annum to 9% per annum.  Upon the occurrence of
     an "Event of Default," the interest rate increases to 20% per
     annum.

   * The Company agreed to deliver certain deliverables to the AGI
     Parties within 30 days following the date that the balance of
     the Adjusted Unpaid Amount is reduced to approximately
     $780,000.  If the Company fails to timely deliver those
     deliverables, then the accrual of interest is suspended until

     those deliverables are received by the AGI Parties.

   * The Company agreed that all existing defaults by the AGI
     Parties under the Debt Repayment Agreement were cured and
     that the AGI Parties are no longer in default of the Debt
     Repayment Agreement, as amended by the Amendment to Debt
     Repayment Agreement.

As of June 30, 2015, the outstanding balance of the Adjusted Unpaid
Amount, including interest, was $1,247,077.

The term "Proceeds Collected" means (i) any and all cash receipts
generated for the benefit of, attributable to, or received by, the
AGI Parties from distributor agreements; and (ii) any and all
unrestricted cash receipts generated for the benefit of,
attributable to, or received by the AGI Parties from any source,
including: (a) capital proceeds raised via debt or equity
instruments; (b) factoring of purchase orders or accounts
receivables; and (c) other revenues, reimbursements or advances.

A full-text copy of the Amendment to Debt Repayment Agreement is
available for free at http://is.gd/IZHh6Q

                        About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel reported a net loss of $14.9 million in 2014, a net
loss attributable to stockholders of $23.0 million in 2013, a net
loss attributable to stockholders of $30.9 million in 2012 and a
net loss attributable to common stockholders of $38.5 million in
2011.

As of March 31, 2015, Quantum Fuel had $72.5 million in total
assets, $41.8 million in total liabilities and $30.8 million in
total stockholders' equity.


QUANTUM FUEL: Kevin Douglas Reports 22.1% Stake as of June 30
-------------------------------------------------------------
Kevin Douglas and his affiliates disclosed in an amended Schedule
13D filed with the Securities and Exchange Commission that as of
June 30, 2015, they beneficially owned 7,928,191 shares of common
stock of Quantum Fuel Systems Technologies Worldwide, Inc.,
representing 22.1 per cent of the shares outstanding.

Mr. Douglas and his wife, Michelle Douglas, hold 1,930,825 shares
issuable upon conversion of convertible notes exercisable within 60
days and 1,240,451 shares issuable upon conversion of a warrant
exercisable within 60 days, jointly as the beneficiaries and
co-trustees of the K&M Douglas Trust.  In addition, Kevin Douglas
and Michelle Douglas are co-trustees of the James Douglas and Jean
Douglas Irrevocable Descendants' Trust which holds 2,896,238 shares
issuable upon conversion of convertible notes exercisable within 60
days and 1,860,677 shares issuable upon conversion of a warrant
exercisable within 60 days.

There were 27,878,545 shares of the Issuer's common stock
outstanding as of May 7, 2015, as reported in the Issuer's
quarterly report on Form 10-Q for the quarter ended March 31, 2015
filed with the SEC on May 8, 2015.

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

                       http://is.gd/GbvsQG

                        About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel reported a net loss of $14.9 million in 2014, a net
loss attributable to stockholders of $23.0 million in 2013, a net
loss attributable to stockholders of $30.9 million in 2012 and a
net loss attributable to common stockholders of $38.5 million in
2011.

As of March 31, 2015, Quantum Fuel had $72.5 million in total
assets, $41.8 million in total liabilities and $30.8 million in
total stockholders' equity.


QUANTUM FUEL: Signs Deal for $2-Mil. Notes Private Placement
------------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc. announced that on
June 29, 2015, it entered into definitive agreements with certain
accredited investors for a private placement of 2% senior secured
convertible notes in the cumulative principal amount of $2 million.
Mr. Kevin Douglas of Larkspur, California, led the transaction
with an investment of $1.5 million.  The closing of the Offering
occurred on June 30, 2015.  The Company intends to use a portion of
the proceeds to design, develop and validate additional compressed
natural gas virtual pipeline tanks and systems including packaging
and design features that can be applied for ground storage use for
CNG stations.

"This funding will enable us to develop additional tanks and
systems to complement our recently released and innovative 5,000
psi virtual pipeline tank product and continue to advance storage
and transport technology to meet the growing needs in the market
for virtual natural gas pipelines and advanced storage applications
for mining, marine and CNG stations," said Brian Olson, president
and CEO of Quantum.  "The development and commercialization of
virtual pipeline technology will serve us well in the near future
during the continued build out of CNG infrastructure, and we
believe the same technology will lend itself longer-term to the
future development of hydrogen infrastructure and virtual hydrogen
pipeline applications," continued Mr. Olson.

The principal and interest due under the notes is payable on
Sept. 18, 2018, subject to the investors' put right that may be
exercised during the 30 day period following July 1, 2017, or in
connection with a change in control transaction.  The notes are
secured by a second lien position on substantially all of the
assets of the Company's continuing operations.

In connection with the Offering, existing holders of Convertible
Notes issued by the Company dated Sept. 18, 2013, agreed to amend
the commencement date of their put right from Sept. 18, 2016, to
July 1, 2017.

The full terms of the transaction are available for free at:

                        http://is.gd/49Prwd

                         About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel reported a net loss of $14.9 million in 2014, a net
loss attributable to stockholders of $23.0 million in 2013, a net
loss attributable to stockholders of $30.9 million in 2012 and a
net loss attributable to common stockholders of $38.5 million in
2011.

As of March 31, 2015, Quantum Fuel had $72.5 million in total
assets, $41.8 million in total liabilities and $30.8 million in
total stockholders' equity.


RADIOSHACK CORP: Court Okays Settlement Agreement With Sprint
-------------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware entered an order approving the settlement
agreement between RadioShack Corporation, et al., and Sprint
Solutions, Inc.  A copy of the Settlement Agreement is available
for free at:

                      http://is.gd/VAHlW7

As reported by the Troubled Company Reporter on June 23, 2015, the
Debtors asked the Court to approve a Settlement Agreement with
Sprint, under which Sprint, among other things, will pay $20.0
million to the Debtors' estates.

The retailer agreement, the distribution agreement and any related
agreements will be deemed terminated by mutual agreement as of June
18, 2015.

The Parties' rights are reserved with respect to end of lie
inventory, and the amount of $441,592.79 in the Sprint escrow
account will be designated to secure Sprint's claim against the
Debtors for the end of life inventory.  Sprint will have a valid,
binding, enforceable and automatically perfected post-petition
first-priority security interest and lien in the Sprint escrow
account in the amount of $441,592.79 to secure the Debtors' payment
obligations to Sprint on account of end of life inventory.  To the
extent the Debtors are responsible to Sprint for payment on account
of end of life inventory, the payment, which will not exceed but
may be less than $441,592.79, may be satisfied and paid to Sprint
from the Sprint escrow account without further court order.

The mutual releases between and among the Debtors and Sprint
contained in the Settlement Agreement are approved and will be
effective immediately, and each party will be deemed fully and
forever to have released and to be permanently enjoined form
asserting, pursuing or prosecuting in any manner and in any forum
any and all claims released pursuant to the settlement agreement.

                  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.

The bankruptcy case is assigned to Judge Brendan L. Shannon.

                            *     *     *

In March 2015, Judge Shannon authorized RadioShack to sell about
1,700 of its stories to a unit of New York hedge fund Standard
General.  The buyer outlasted RadioShack's largest creditor, Salus
Capital Partners, in the auction for the stores.  The winning bid
by Standard General's unit, General Wireless Operations Inc., is
valued at about $160 million.  Salus offered $129 million cash bid.
Other RadioShack locations will be closed.

In June 2015, RadioShack won Bankruptcy Court approval to sell to
General Wireless the Company's brand name and customer data for
$26.2 million in cash and the assumption of specified liabilities.

RadioShack also offloaded other assets and locations abroad.  The
Company sold its Mexican business to retailer Grupo Gigante for
$31.8 million.  Gigante acquired RadioShack de Mexico, including
251 stores, brands and trademarks, via Gigante's unit Office Depot
de Mexico.

On June 12, 2015, RadioShack filed a bankruptcy liquidation plan
explaining how its remaining assets will be distributed.
RadioShack also changed its name to "RS Legacy Corporation" as part
of the sales to General Wireless.

Judge Shannon will convene a combined hearing on Aug. 26, 2015, at
11:00 a.m., to consider confirmation of the Joint Plan of
Liquidation of RS Legacy Corporation, f/k/a Radioshack Corp., et
al., and approval of the disclosure statement explaining that
plan.

Standard General is represented in the case by Debevoise & Plimpton
LLP's Jonathan E. Levitsky, Esq.

Salus is represented by Anthony W. Clark, Esq., and Jason M.
Liberi, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, in
Wilmington, Delaware; and Jay M. Goffman, Esq., Mark A. McDermott,
Esq., and Christine A. Okike, Esq., at Skadden, Arps, Slate,
Meagher & Flom LLP, in New York.


REGENT PARK: Court Denies Bid for Extension of Automatic Stay
-------------------------------------------------------------
The Hon. Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas entered an order denying Regent Park Capital,
LLC's motion to extend the automatic stay to enjoin continued
prosecution of the lawsuit filed by PlainsCapital Bank against the
Debtor and Lester N. Pokorne, both in his individual capacity and
as trustee of the Lester N. Pokorne Revocable Living Trust dated
April 30, 1999.

On June 4, 2015, the Debtor requested that the Court equitably and
temporarily extend the automatic stay to protect its sole equity
holder and source of post-petition financing from continued
prosecution of a state-court lawsuit premised upon a guaranty of
the Debtor's obligation.  The Debtor said that if the automatic
stay is not extended, the Debtor and its estate would be
irreparably damaged, and the purposes of the Bankruptcy Code would
be frustrated because the continued prosecution of the lawsuit
would require Mr. Pokorne, the sole managing member of the Debtor,
as well as other key members of the Debtor's management team, to
expend substantial time and resources in participating in the
litigation to the detriment of the Debtor's reorganization efforts.
A copy of the Debtor's stay motion is available for free at
http://is.gd/wrUElD

The Debtor sought to enjoin any further actions in a lawsuit
initiated by PlainsCapital Bank against the Debtor and Mr. Pokorne
until confirmation of a Chapter 11 plan.  The Debtor said in a June
4 court filing that PlainsCapital Bank's continued prosecution and
collection efforts in the state court proceeding would (i) divert
Mr. Pokorne's time, efforts and financial resources away from the
Debtor, and (ii) potentially work an end-around of this bankruptcy
proceeding by allowing PlainsCapital Bank to seek a charging order
against Mr. Pokorne's ownership interest in the Debtor.  

The Debtor made loans to borrowers on a short-term basis for the
acquisition and/or development of real property in Texas.  To fund
the loans, the Debtor borrowed money from PlainsCapital Bank and
First State Bank Central Texas under revolving lines of credit.
Mr. Pokorne guaranteed the bank notes.  As of the Petition Date,
there were 27 outstanding loans pledged to the Banks.  Most of
those loans were in default, and all but two have matured and are
past due.  Despite the high rate of default on the loans, the Banks
restricted the Debtor's ability to foreclose or otherwise enforce
its remedies against the borrowers.  The Debtor claimed that this
inaction by the Banks prevented the Debtor from gaining control of
the collateral real property securing the loans at
an early date in order to resell the property and pay down the bank
notes.  

The PlainsCapital Bank note matured in accordance with its terms on
July 15, 2014.  On Aug. 15, 2014, PlainsCapital Bank made formal
demand for payment of the entire outstanding balance
and amounts due and subsequently posted the pledged collateral for
foreclosure on Nov. 24, 2014.  On Sept. 16, 2014, PlainsCapital
Bank filed its original petition against Mr. Pokorne and the Debtor
to initiate Case No. D-1-GN-14-003687, in the 419th Judicial
District Court of Travis County, Texas.  As of the Petition Date,
the Debtor owed PlainsCapital Bank and First State the sums of
$6,194,630.88 and $2,050,371.89, respectively.

On June 9, 2015, PlainsCapital Bank asked the Court to deny the
Debtor's request to extend the automatic stay to protect
non-bankrupt guarantor Mr. Pokorne.  The guaranty at issue,
according to PlainsCapital Bank, was an unconditional guaranty of
payment and a primary obligation of Mr. Pokorne, and a judgment
against Mr. Pokorne would not deplete the existing bankruptcy
estate.  PlainsCapital Bank said in its June 9 objection -- a copy
of which is available for free at http://is.gd/sMKzX7-- that the
automatic stay applicable to the Debtor should not bar
PlainsCapital Bank's prosecution of its state-court lawsuit against
Mr. Pokorne.

PlainsCapital Bank is represented by:

      Dubois, Bryant & Campbell, LLP
      Seth E. Meisel, Esq.
      303 Colorado Street, Suite 2300
      Austin, Texas 78701
      Tel: (512) 457-8000
      Fax: (512) 457-8008
      E-mail: smeisel@dbcllp.com

                    About Regent Park Capital

Formed in 1999 under the name Pokorne Private Capital Group, LLC,
Regent Park Capital, LLC, is a hard-money lender 100% owned by
Lester N. Pokorne, the sole managing member.  With only two
employees, Regent Park made loans to borrowers on a short-term
basis for the acquisition and/or development of real property in
Texas, mainly Austin, but also the Houston and Dallas areas.

Regent Park Capital filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tex. Case No. 14-11731) on Nov. 21, 2014.  The petition was
signed by Lester N. Pokorne as managing member.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
$1 million to $10 million.

Husch Blackwell LLP serves as the Debtor's bankruptcy counsel.

Pursuant to an order dated Jan. 15, 2015, the Court approved
Pokorne to provide debtor-in-possession financing in the amount of
$18,000 per month through July 2015.

On June 4, 2015, the Debtor filed an emergency motion to extend the
automatic stay seeking to extend the stay under Sec. 362 and 105
and enjoin PlainsCapital from prosecuting its lawsuit against
Pokorne filed in the 419th District Court of Travis County, Texas.

The Debtor sought to extend the stay to Pokorne because he is
essential to the Debtor's reorganization efforts.  On June 16,
2015, the Court denied the Debtor's motion.


RESEARCH SOLUTIONS: Extends Executives' Terms Until 2017
--------------------------------------------------------
Research Solutions, Inc. amended, effective as of July 1, 2015, its
executive employment agreement with each of the following executive
officers to:

   * With respect to Peter Derycz, president and chief executive
     officer, extend the term through June 30, 2017, and provide
     for a revised annual base salary of $317,400.

   * With respect to Alan Urban, chief financial officer, extend
     the term through June 30, 2017, and provide for a revised
     annual base salary of $231,440.

   * With respect to Scott Ahlberg, chief operating officer,
     extend the term through June 30, 2017, and provide for a
     revised annual base salary of $204,930.

The amendments were approved by the Compensation Committee of the
Company's Board of Directors on June 29, 2015.

                     About Research Solutions

Research Solutions, Inc. provides research information services
and software to research-intensive industries in the Life Sciences
and other fields.  The Encino, California-based Company delivers
copyrighted copies of published content, including articles from
published journals, to content users in hard copy or electronic
form.

The Company reported a net loss of $1.87 million for the fiscal
year ended June 30, 2014, compared with net income of $192,000 for
the year ended June 30, 2013.

As of March 31, 2015, Research Solutions had $8.25 million in total
assets, $7.39 million in total liabilities and $866,194 in total
stockholders' equity.


RITE AID: Stockholders Elect Nine Directors
-------------------------------------------
Rite Aid held its 2015 annual meeting of stockholders on June 25 at
which the stockholders:

   (a) elected Joseph B. Anderson, Jr., Bruce G. Bodaken, David R.
       Jessick, Kevin E. Lofton, Myrtle S. Potter, Michael N.
       Regan, Frank A. Savage, John T. Standley and Marcy Syms
       to the Board of Directors;

   (b) ratified the appointment of Deloitte & Touche LLP as Rite
       Aid's independent registered public accounting firm;

   (c) approved, on an advisory basis, the compensation of Rite
       Aid's Named Executive Officers;

   (d) approved a stockholder proposal relating to accelerated
       vesting of performance awards;

   (e) did not approve a stockholder proposal relating to proxy
       access;

   (f) did not approve a stockholder proposal relating to an
       independent chairman introduced from the floor by Mr.
       Steven Krol; and

   (g) did not approve a stockholder proposal relating to limiting
       the number of outside boards or associations on which a
       senior executive may serve introduced from the floor by Mr.
       Steven Krol.

On June 29, 2015, Robert K. Thompson, the Company's executive vice
president of store operations, announced his retirement effective
in January 2016.  

From now until Aug. 3, 2015, Mr. Thompson will remain in his
current position.  Beginning on Aug. 3, 2015, Mr. Thompson will
focus on the leadership transition and supporting the Company's
initiatives to create a consistently outstanding Rite Aid
experience for customers and associates.  Accordingly, Mr. Thompson
will no longer be classified as an executive officer after Aug. 3,
2015.  In his new role, Mr. Thompson will continue to receive his
current base salary and a prorated current target bonus opportunity
for achieved fiscal year 2016 performance.

                        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.

As of May 30, 2015, the Company had $10.5 billion in total assets,
$10.4 billion in total liabilities and $152.7 million in total
stockholders' equity.

                           *     *     *

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.


RIVERROCK NEHEMIAH: Case Summary & 7 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Riverrock Nehemiah Realty LLC
        771 Thomas Boyland Street
        Brooklyn, NY 11212

Case No.: 15-43095

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 2, 2015

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

Judge: Hon. Hershey Lord

Debtor's Counsel: Narissa A Joseph, Esq.
                  277 Broadway, Suite 501
                  New York, NY 10007
                  Tel: (212) 233-3060
                  Fax: (212) 608-0304
                  Email: njosephlaw@aol.com

Total Assets: $2.1 million

Total Liabilities: $2.9 million

The petition was signed by Thema Norton, authorized individual.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/nyeb15-43095.pdf


SABINE OIL: Forbearance Agreement Extended Until July 15
--------------------------------------------------------
Sabine Oil & Gas Corporation announced that on June 30, 2015, it
signed an amendment to its forbearance agreement with the lenders
under its revolving credit facility.

The amended forbearance agreement will provide the Company with
additional flexibility as it continues discussions with its
creditors and their respective professionals regarding the
Company's debt and capital structure.  Pursuant to the amendment to
the forbearance agreement, the lenders under the revolving credit
facility have agreed to forbear from exercising remedies until the
earlier of (i) certain events of default under the forbearance
agreement or revolving credit facility, (ii) the acceleration or
exercise of remedies by any other lender or creditor and (iii) July
15, 2015, with respect to the Company's currently existing events
of default under the revolving credit facility.  

In exchange for agreeing to forbear, the Company has agreed during
the Forbearance Period to (i) further limit its ability to sell
assets, (ii) undertake efforts to appoint a chief restructuring
officer, (iii) implement procedures to segregate the proceeds of
collateral under the revolving credit facility and (iv) pay a
forbearance fee equal to $500,000.

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.  The Company is
continuing to pay suppliers and other trade creditors in the
ordinary course.

Additional information about the amendment to the forbearance
agreement is available with the SEC at http://is.gd/3wKOrH

               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
may have to file for bankruptcy, according to the Company's
quarterly report for the period ended March 31, 2015.
     
                            *    *    *

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.


SALADWORKS LLC: Eight Tower Resigns from Creditors Committee
------------------------------------------------------------
The U.S. Trustee for Region 3 announced that Eight Tower Bridge
Development Associates has resigned from the official committee of
unsecured creditors of SW Liquidation LLC, formerly known as
Saladworks LLC.

The remaining members of the unsecured creditors' committee are:  

     (1) Sovran LLC
         Attn: Ramin Katirai
         5003 Overlea Ct.
         Bethesda, MD 20816
         Phone: 301-320-1250

     (2) Michael Bartell
         2867 Mill Rd.
         Doylestown, PA 18902
         Phone: 215-534-2865

                      About Saladworks, LLC

Developed in 1986, Saladworks, LLC, is the first and largest
fresh-salad franchise concept in the United States.  From its
beginning in the Cherry Hill Mall, Saladworks quickly expanded to
12 additional locations in area malls and soon thereafter began
franchising.  The company has franchise agreements with 162
different franchisees.  The equity owners are J Scar Holdings,
Inc., (70%) and JVSW LLC (30%).

Saladworks, LLC, sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 15-10327) on Feb. 17, 2015.  The case assigned to
Judge Laurie Selber Silverstein.

The Debtor has tapped Landis Rath & Cobb LLP as counsel; SSG
Advisors, LLC, as investment banker; EisnerAmper LLP, as financial
advisor; and Upshot Services LLC, as claims and noticing agent.

Saladworks, LLC, disclosed $2,303,632 in assets and $14,220,722 in
liabilities as of the Chapter 11 filing.

The case is In re: Pennysaver USA LLC, case number 1:15-bk-11196,
in the U.S. Bankruptcy Court for the District of Delaware.


SALADWORKS LLC: Files Liquidation Plan Following Asset Sale
-----------------------------------------------------------
SW Liquidation, LLC, f/k/a Saladworks, LLC, filed with the U.S.
Bankruptcy Court for the District of Delaware a Chapter 11 Plan of
Liquidation and accompanying disclosure statement following the
sale of substantially all of its assets to a new entity affiliated
with Centre Lane Partners LLC.

With the exception of the assets related to the Paoli Store, the
Buyer will pay $16.9 million, consisting of (a) $15 million in
cash; (b) up to $200,000 in Required Cure Costs for contracts that
are assumed; (c) the assumption of certain liabilities up to a
maximum aggregate amount of $500,000; and (d) the funding of $1.2
million into the Brand Development Fund.

The Debtor estimates that the estate currently has cash in the
approximate amount of $15.5 million.  General Unsecured Claims
(Clas 3) are expected to recover 100% of their allowed claims
amount, while Class C Interests (Class 8) are expected to recover
22.7% to 92.7% of their allowed claims amount.

The Debtor proposes the following solicitation and confirmation
schedule:

   Voting Record Date                  July 31, 2015
   Disclosure Statement Hearing         Aug. 5, 2015
   Solicitation Date                   Aug. 12, 2015
   Voting Deadline                     Sept. 9, 2015
   Plan Objection Deadline             Sept. 9, 2015
   Debtor's Reply to Objections       Sept. 14, 2015
   Confirmation Hearing               Sept. 16, 2015

A full-text copy of the Disclosure Statement dated July 1, 2015, is
available at http://bankrupt.com/misc/SWds0701.pdf

The Debtor is represented by Adam G. Landis, Esq., Kerri K.
Mumford, Esq., and Kimberly A. Brown, Esq., at Landis Rath & Cobb
LLP, in Wilmington, Delaware.

                      About Saladworks, LLC

Developed in 1986, Saladworks, LLC, is the first and largest
fresh-salad franchise concept in the United States.  From its
beginning in the Cherry Hill Mall, Saladworks quickly expanded to
12 additional locations in area malls and soon thereafter began
franchising.  The company has franchise agreements with 162
different franchisees.  The equity owners are J Scar Holdings,
Inc., (70%) and JVSW LLC (30%).

Saladworks, LLC, sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 15-10327) on Feb. 17, 2015.  The case assigned to
Judge Laurie Selber Silverstein.

The Debtor has tapped Landis Rath & Cobb LLP as counsel; SSG
Advisors, LLC, as investment banker; EisnerAmper LLP, as financial
advisor; and Upshot Services LLC, as claims and noticing agent.

Saladworks, LLC, disclosed $2,303,632 in assets and $14,220,722 in
liabilities as of the Chapter 11 filing.

The U.S. trustee overseeing the Chapter 11 case of Saladworks LLC
appointed three creditors of the company to serve on the official
committee of unsecured creditors.  The Creditors' Committee
retained Khler Harrison Harvey Branzburg LLP as its counsel.

Saladworks, LLC, sought and obtained authority from the U.S.
Bankruptcy Court for the District of Delaware to sell substantially
all of its assets to SW Acquisition Company, LLC, an affiliate of
Centre Lane Partners LLC, for $16.9 million, and, pursuant to the
purchase agreement, will no longer be able to use the name
"Saladworks" following the closing of the sale.


SHASTA ENTERPRISES: 5685 Aviation Way Property Sale to City OK'd
----------------------------------------------------------------
The Hon. Michael S. McManus of the U.S. Bankruptcy Court for the
Eastern District of California entered on June 15, 2015, an order
granting the motion filed by Hank Spacone, the Chapter 11 Trustee
in the bankruptcy case of Shasta Enterprises, for authority to sell
real property commonly known as 5685 Aviation Way, Redding,
California 96002, including all fixtures and fittings attached to
the property to the City of Redding REU Department, subject to
overbidding.

The Chapter 11 Trustee is authorized to sell the Real Property to
the Buyer pursuant to the terms, conditions, and transactions
provided by the sale agreement entered into by the Chapter 11
Trustee and the Buyer dated as of March 24, 2015, including all
addenda and duly authorized amendments, and including the Buyer's
agreement to (i) pay $139,175 to the Estate, and (ii) release the
Estate $25,000 being held in a previous escrow account.

The Court also authorized the Chapter 11 Trustee to pay (i) the
real property taxes for the Real Property through and including the
closing date, including past due property taxes in the estimated
amount of $581.72, (ii) other costs and expenses allocated to the
seller under the proposed sale agreement, and (iii) the broker's
commission from the sale proceeds came on for hearing.  

The broker's commission in accordance with the listing agreement
previously approved by the Court in the estimated amount of
$8,208.75, which may be split 50/50 with a buyer's broker.

A copy of the order is available for free at http://is.gd/NuTTYA

No opposition to the motion was filed, and no persons or other
potential buyers appeared at the hearing or otherwise presented any
request to overbid on the proposed sale of the Real Property to the
Buyer.

According to civil minutes filed on June 9, 2015, the Chapter 11
Trustee anticipated that the estate would net approximately
$154,403 from the sale.  The sale, the June 9 court filing states,
will generate some proceeds for distribution to creditors of the
estate.

                     About Shasta Enterprises

Redding, California-based Shasta Enterprises, dba Vidal Vineyards,
dba Silverado Knolls, dba Villa Vidal Vineyards, sought bankruptcy
protection (Bankr. E.D. Cal. Case No. 14-30833) on Oct. 31, 2014.
The petition was signed by Antonio Rodriguez, general partner.

Judge Michael S. McManus presides over the case.  The Debtor's
counsel is David M. Brady, Esq., at Law Office of Cowan & Brady,
in Redding, California.

The Debtor listed total assets of $33.42 million and total debts
of $21.49 million.  

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


SHELDON H. CLOOBECK: 9th Circ. Reverses Approval of Final Report
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The United States Court of Appeals for the Ninth Circuit reversed a
bankruptcy court's approval of the final report filed by Timothy S.
Cory, the Chapter 7 trustee for Sheldon H. Cloobeck, after
determining that the bankruptcy court approved the final report
without first holding a hearing to determine the amount of the 2005
federal income taxes.

Gilbert Dreyfuss, who holds an allowed unsecured claim of
approximately $1,006,417 against the bankruptcy estate of Sheldon
Cloobeck, appealed from the bankruptcy court's approval of the
final report, complaining that it was improper for the Trustee to
pay the estate's 2005 federal income taxes without giving notice
and requesting a hearing, and asked the bankruptcy court to require
the Trustee to reimburse the estate for that payment.  The district
court affirmed the bankruptcy court's order approving the Final
Report.

The Ninth Circuit ruled that under the plain language of Section
503(b) of the Bankruptcy Code, the Trustee could pay the 2005 taxes
as an administrative expense only after "notice and a hearing," and
only after the bankruptcy court authorized the payment.  The Ninth
Circuit held that the plain language of Section 503 requires that
notice and a hearing be provided before the payment of taxes as
administrative expenses, and that this requirement does not impose
inconsistent obligations on trustees under other provisions of the
Bankruptcy Code or the Internal Revenue Code.

Accordingly, the Ninth Circuit reversed and remanded the case to
the district court for remand to the bankruptcy court with
directions that the bankruptcy court determine the amount of 2005
federal income taxes due from the estate, and conduct other
proceedings as may be appropriate.

The appeals case is GILBERT DREYFUSS, Appellant, v. TIMOTHY S.
CORY, Chapter 7 Trustee, Appellee, Case No.: 13-15432 (9th Circ.),
relating to IN THE MATTER OF SHELDON H. CLOOBECK, Debtor.

A full-text copy of Judge Smith's Opinion dated June 12, 2015
available at http://is.gd/nN8qzofrom Leagle.com.

Davis S. Kupetz, Esq. -- dkupetz@sulmeyerlaw.com -- (argued) of
SulmeyerKupetz serves as counsel for Appellant.

Duane H. Gillman, Esq. -- dgillman@djplaw.com -- (argued) and
Timothy S. Cory, Esq., of Durham Jones & Pinegar, P.C. serve as
counsel for Appellee.


SIGNET SOLAR: Order Dismissing Suit vs. Founders Reversed
---------------------------------------------------------
The Chapter 7 trustee for Signet Solar, Inc., filed claims for
relief against two of Signet's founders and members of the board of
directors, namely, Prabhakar Goel and Bhupendra B. Patel.
According to the trustee, Mr. Goel and Mr. Patel breached their
fiduciary duties to Signet.  The trustee also asked that any claims
of Mr. Goel (and an affiliated company) and Mr. Patel against
Signet be equitably subordinated because of their alleged
misconduct.  The bankruptcy court granted Mr. Goel and Mr. Patel's
motions to dismiss and denied leave to amend.  The trustee now
appeals that order.

Judge Edward M. Chen of the United States District Court for North
District of California reverses the bankruptcy court and remands
for further proceedings consistent with his order.  The Clerk of
the Court is instructed to enter judgment in favor of the trustee
and close the file in the present case.  The District Court found
that, in the absence of the Goel/Patel deal, it is not possible to
say that Signet had any enterprise value to lose; in the absence of
the deal, Signet could not be a going concern.  Notably, the
trustee did not ever allege that reorganization under Chapter 11
would have been possible in the absence of the Goel/Patel deal,
Judge Chen ruled.  In short, absent from the record are any facts
suggesting some plausible scheme by which Signet could have value
as a going concern, Judge Chen said.

Further, the District Court does note that, as to Mr. Patel at
least, it is not clear to what extent, if any, he had a hand in the
alleged waste of the $3 million.  The operative complaint against
Mr. Patel appears to be silent as to whether Mr. Patel was involved
with diverting inventory from German Signet to the benefit of Mr.
Goel, Judge Chen said.  However, at the very least, the trustee
should be given an opportunity to amend, if she can do so in good
faith, to plead allegations regarding Mr. Patel's involvement,
Judge Chen added.

There is a fair inference based on the allegations in the operative
complaint that the disinterested board members lacked knowledge
that Mr. Goel intended to use German Signet for his own personal
benefit, Judge Chen held.  Because the District Court is now
reversing the bankruptcy court on the claims for breach of
fiduciary duty, it also reverses on the claims for equitable
subordination.  To the extent Mr. Goel and Mr. Patel have asserted
that the trustee has failed to allege any harm to creditors, this
contention is problematic for reasons similar to those discussed
above regarding harm to Signet, Judge Chen said.

The appeals cases are ANDREA A. WIRUM, Trustee, Appellant, v.
PRABHAKAR GOEL, et al., Appellee, and ANDREA A. WIRUM, Trustee,
Appellant, v. BHUPENDRA B. PATEL, Appellee, Case Nos. C-14-5161
EMC, C-14-5162 EMC, (N.D. Calif.).

The bankruptcy case is IN RE SIGNET SOLAR, INC., Debtor, Case No.
12-33270 (Bankr. N.D. Calif.).

A full-text copy of Judge Chen's Order dated June 9, 2015, is
available at http://is.gd/ECnXF3from Leagle.com.

Dennis D. Davis, Esq. -- ddavis@gsdllaw.com -- of Goldberg,
Stinnett, Davis, & Linchey serves as counsel for Appellant Andrea
A. Wirum, Trustee.

Asim M. Bhansali, Esq. -- abhansali@kvn.com -- and Robert Adam
Lauridsen, Esq. -- alauridsen@kvn.com -- of Keker & Van Nest, LLP;
Patrick Michael Costello, Esq. -- pcostello@vectislawgroup.com --
of Vectis Law Group, and Robert Joseph Yorio, Esq., of Carr &
Ferrell LLP serve as counsel for Appellee Prabhakar Goel.

Atherton, Calif.-based Signet Solar, Inc., filed for Chapter 11
bankruptcy protection (Bankr. N.D. Calif. Case No. 12-33270) on
Nov. 16, 2012.  In its schedules, the Debtor disclosed $30,000,000
in total assets and $9,786,994 in total liabilities.

The Debtor was, prior to the Chapter 11 filing, the subject of an
involuntary proceeding brought by a group of former shareholders,
against whom the Debtor believes it has claims.  The Debtor
contested the involuntary Chapter 7 on the grounds that the
involuntary was not brought by disinterested parties as required
by the statute, and was not brought for proper purposes, as
articulated and required by the law governing involuntary
proceedings.

In view of a stipulation filed on April 24, 2013, the U.S.
Bankruptcy Court has ordered the conversion of Signet Solar Inc.'s
chapter 11 case to a liquidation under chapter 7.


SPENDSMART NETWORKS: Issues Three Units to Investor
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SpendSmart Networks, Inc. closed on a private offering and issued
and sold three units to an accredited investor, with each Unit
consisting of a 9% Convertible Promissory Note with the principal
face value of $50,000 and a warrant to purchase 66,667 shares of
the Company's common stock.

The Company also agreed to provide piggy-back registration rights
to the holder of the Unit.  The Note has a term of 12 months, pays
interest semi-annually at 9% per annum and can be voluntarily
converted by the holder into shares of common stock at an exercise
price of $0.75 per share, subject to adjustments for stock
dividends, splits, combinations and similar events as described in
the Notes.  In addition, if the Company issues or sells common
stock at a price below the conversion price then in effect, the
conversion price of the Notes will be adjusted downward to such
price but in no event shall the conversion price be reduced to a
price less than $0.50 per share.  The Warrants have an exercise
price of $0.75 per share and have a term of five years.  The
holders of the Warrants may exercise the Warrants on a cashless
basis for as long as the shares of common stock underlying the
Warrants are not registered on an effective registration statement.
The Company plans to use net proceeds from the sale of the Units
for general working capital.

                     About SpendSmart Networks

SpendSmart Networks, Inc., provides proprietary loyalty systems
and a suite of digital engagement and marketing services that help
local merchants build relationships with consumers and drive
revenues.  These services are implemented and supported by a vast
network of certified digital marketing specialists, aka "Certified
Masterminds," who drive revenue and consumer relationships for
merchants via loyalty programs, mobile marketing, mobile commerce
and financial tools, such as prepaid card and reward systems.  We
enter into licensing agreements for our proprietary loyalty
marketing solution with "Certified Masterminds" which sell and
support the technology in their respective markets.  The Company's
products aim to make Consumers' dollars go further when they spend
it with merchants in the SpendSmart network of merchants, as they
receive exclusive deals, earn rewards and ultimately build a
connection with their favorite merchants.

SpendSmart Networks incurred a net loss of $12.2 million on $4.03
million of total revenues for the year ended Dec. 31, 2014,
compared to a net loss of $14.09 million on $0 of total revenues
for the year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $10.1 million in total
assets, $2.91 million in total liabilities, and $7.18 million in
total stockholders' equity.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has recurring net
losses since inception and has yet to establish a profitable
operation.  These factors among others raise substantial doubt
about the ability of the Company to continue as a going concern.



SPRINGLEAF HOLDINGS: S&P Keeps 'B' Rating on CreditWatch Negative
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it kept its 'B'
counterparty credit and senior unsecured debt ratings on Springleaf
Holdings Inc. on CreditWatch with negative implications.  At the
same time, S&P kept its 'B+' counterparty credit and senior
unsecured debt ratings on OneMain Financial Holdings Inc. on
CreditWatch with negative implications.

"The CreditWatch placements in March followed the announcement that
Springleaf will acquire OneMain for $4.25 billion in cash," said
Standard & Poor's credit analyst Stephen Lynch.

The acquisition would combine the two largest competitors in the
subprime consumer installment lending industry.  Pro forma for the
merger, S&P expects Springleaf to have a stronger market position
than currently but also substantially higher leverage.  Depending
on how the company finances the transaction, S&P most likely will
lower its rating on Springleaf by one notch if it expects leverage
exceeding 6.5x and by two notches for leverage above 12x.  Without
additional equity financing, S&P believes leverage will easily
exceed 12x.  However, S&P will also assess how significantly the
merger may enhance Springleaf's franchise--which could lessen or
mitigate any downgrade.

S&P's CreditWatch listing with negative implications for Springleaf
reflects the uncertainty about how improvements to the company's
market position mitigate the higher leverage and integration risk.
S&P could lower the rating by one or two notches depending on the
company's leverage, risk, and market position.

S&P's CreditWatch listing with negative implications for OneMain
indicates that S&P believes there is a substantial chance it will
lower its rating as a result of the increase in leverage of the
group.  If Springleaf fully integrates OneMain, S&P would likely
lower the rating to be equal with the rating on Springleaf.
However, OneMain's unsecured debt contains covenants that limit its
leverage, implying that Springleaf would have to operate it as a
separate entity unless it repaid the debt or renegotiated the
covenants.  In the event that it remained a separate operating
entity with significantly lower leverage than the consolidated
company, S&P could continue to rate it one notch above Springleaf.

The CreditWatch negative listing reflects the possibility that S&P
could lower our issuer credit rating and senior unsecured ratings
on Springleaf once the transaction closes.  S&P could lower the
ratings by one or two notches depending on how much Springleaf's
leverage rises and how S&P assess the company's new business and
risk position.

The CreditWatch negative listing for OneMain reflects the
possibility that when Springleaf consummates the acquisition, S&P
will lower its issuer credit rating and senior unsecured ratings on
OneMain so they are the same level as S&P's rating on Springleaf.
If OneMain were to operate as a subsidiary of Springleaf with its
existing covenants, S&P could affirm the rating or rate OneMain a
notch higher than the weaker group credit profile of Springleaf.

S&P will look to resolve its CreditWatch listings following the
close of the acquisition, which it expects in the third quarter of
this year.



STEEL MASTERS: Case Summary & 2 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Steel Masters, Inc.
        3850 Sourth 16th Street
        Phoenix, AZ 85040

Case No.: 15-08295

Chapter 11 Petition Date: July 2, 2015

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Eddward P. Ballinger Jr.

Debtor's Counsel: Allan D Newdelman, Esq.
                  ALLAN D NEWDELMAN, P.C.
                  80 E. Columbus Ave.
                  Phoenix, AZ 85012
                  Tel: 602-264-4550
                  Fax: 602-277-0144
                  Email: anewdelman@adnlaw.net

Total Assets: $1.1 million

Total Liabilities: $716,043

The petition was signed by Roy Jares, president.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/azb15-08295.pdf


STEPHEN THOMAS YELVERTON: Bid to Alter Suit Dismissal Order Denied
------------------------------------------------------------------
Judge S. Martin Teel, Jr., of the United States Bankruptcy Court
for District of Columbia denied a motion to alter or amend the
decision dismissing the adversary proceeding captioned STEPHEN
THOMAS YELVERTON, Plaintiff, v. DISTRICT OF COLUMBIA DEPT. OF
PUBLIC WORKS, Defendant, ADVERSARY PROCEEDING NO. 14-10046, (Bankr.
D.D.C.).

Judge Teel denied the Plaintiff's motion to alter or amend
decision, holding that in dismissing the adversary proceeding,
Judge Teel held that Yelverton had failed to obtain permission to
pursue the adversary proceeding.  Alternatively, the Bankruptcy
Court held that: (1) the claim for relief under Section 544 of the
Bankruptcy Code was time-barred; and (2) the District Court's
bankruptcy subject matter jurisdiction under 28 U.S.C. Section
1334(b), exercised by the court pursuant to referral by the
District Court under District Court Local Bankruptcy Rule 5011-1,
did not extend to the non-bankruptcy law claims Yelverton was
pursuing.

In his motion, Yelverton advances facts not pled in his complaint
in favor of finding subject matter jurisdiction.  However,
Yelverton has still failed to advance adequate facts to establish
subject matter jurisdiction, and, in any event, any possible impact
on the estate is so remote, speculative, and unlikely to occur that
abstention would be appropriate, Judge Teel ruled.

A full-text copy of Judge Teel's Memorandum Decision and Order
dated June 10, 2015, is available at http://is.gd/qxxKSofrom
Leagle.com.

The bankruptcy case is In re STEPHEN THOMAS YELVERTON, Chapter 7,
Debtor, CASE NO. 09-00414 (Bankr. D.D.C.).


TEXOMA PEANUT: Parties Settle Dispute on Case Dismissal Plea
------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Oklahoma,
according to a minute entry for the hearing held June 24, 2015,
said that Texoma Peanut Company, et al., and parties that objected
to the motion to dismiss their Chapter 11 cases had settled the
matters and will submit an agreed order on the dismissal of the
cases.

Parties that objected to the Debtors' motion included AG
Headquarters Peanuts LLC, creditor Oklahoma Workers' Compensation
Commission, creditor Worker's Compensation Self−Insurance
Guaranty Fund Board.

The Oklahoma Workers' Compensation Commission and the
Self-insurance Guaranty Fund Board jointly noted that the Debtors
are obligated under Oklahoma law to maintain workers' compensation
insurance.  They point out that in the Motion, the Debtors make no
provision for the satisfaction of administrative claims such as
those of the Debtors' employees that arose during the postpetition
uninsured period.  According to these objectors, dismissing the
case would allow the Debtors to distribute the proceeds of their
liquidated assets as they and their secured lender see fit and
leave the Debtors' former employees unprotected.

Ag Headquarters Peanuts LLC, by and through its attorneys, Parker
Hurst & Burnett PLC and Rischard & Carsey, PLLC, in its objection,
argued that the Court must deny the motion to dismiss; and appoint
a trustee, or, in the alternative, enter an order continuing the
hearing on the motion until a final determination has been made on
AGHQ's application for administrative expenses.  AGHQ, an operator
of a "peanut buying point" that assisted Debtors with the operation
of their business during the bankruptcy, timely filed its
application for allowance and payment of administrative expense
claim on June 15, 2015, which sets forth AGHQ's basis for payment
and request for hearing.  The application sought $629,178 in
postpetition administrative expenses and is scheduled for hearing
on July 22, 2015 at 9:00 a.m.

                         About Texoma Peanut

Texoma Peanut Company was incorporated by Clint Williams in 1961 as
a Southern Oklahoma bulk peanut drying, handling and storage
operation, buying and storing peanuts for shellers.  In 1968, The
Clint Williams Company was established as a sheller and processor
of peanuts for both seed and edible markets.  Although The Clint
Williams Company was later merged into TPC, the company continues
to do its processed peanut business under the "Clint Williams
Company" name which is the name known best in the domestic and
international peanut industry.  TPC and its subsidiaries own 15
buying points and storage facilities -- 4 in Oklahoma, 9 in Texas,
and 2 in Mississippi.  TPC owns 99% of Clint Williams Company-
Western Division LLC and 100% of Clint-Co Peanut Company.

TPC and two subsidiaries sought Chapter 11 bankruptcy protection
(Bankr. E.D. Okla. Lead Case No. 14-81334) in Okmulgee, Oklahoma,
on Nov. 6, 2014.  The judge has granted joint administration of the
Chapter 11 cases.

The cases are assigned to Judge Tom R. Cornish.  The Debtors have
tapped Crowe & Dunlevy as counsel and Dixon Hughes Goodman as
bankruptcy accountants.

The Debtors disclosed $43,647,666 in total assets and   
$56,410,315 in total liabilities as of the Chapter 11 filing.

The U.S. Trustee overseeing Texoma Peanut Co.'s bankruptcy case
said that it wasn't able to appoint a committee of unsecured
creditors.



TOLLENAAR HOLSTEINS: Court Grants Hartford Life Stay Relief
-----------------------------------------------------------
The Hon. Christopher D. Jaime of the U.S. Bankruptcy Court for the
Eastern District of California entered an order granting motion of
creditor Hartford Life And Accident Insurance Company for relief
from automatic stay imposed in the Chapter 11 cases of Tollenaar
Holsteins and its debtor affiliates.

As reported by the Troubled Company Reporter on June 30, 2015,
Hartford asked the Court to lift the automatic stay to allow the
insurer to exercise its rights over real and personal property
located at 11431 Carrol Road, in Elk Grove, California.  Hanno T.
Powell, Esq., at Powell & Pool, LLP, in Fresno, California, told
the Court that Hartford is owed in excess of $8.4 million, secured
by first deeds of trust on the Real Property and Oklahoma dairy
facilities and equipment, and a security interest in the Debtors'
dairy products and proceeds.  Mr. Powell said the obligation so
secured is in default for failure to make payments when they became
due.  According to Mr. Powell, the estate has been selling off the
dairy cattle located on the Real Property, and is unable to operate
profitably there at this time.  

The automatic stay is modified to permit Hartford, its agents,
employees, successors and assigns to exercise its rights, pursuant
to applicable non-bankruptcy law, in and to the estate's interest
in and to that Real Property, together with any equipment, to the
extent permitted by applicable non-bankruptcy law, seeking the
appointment of a receiver to take possession, operate, market and
sell the real property and related personal property collateral.

                 About Tollenaar Holsteins

Tollenaar Holsteins and its affiliates Friendly Pastures, LLC, and
T Bar M Ranch, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 15-20840) on Feb. 4,
2015.  The case is assigned to Judge Christopher D. Jaime.

The Debtors' counsel is Jason E. Rios, Esq., at Felderstein
Fitzgerald Willoughby & Pascuzzi LLP, in Sacramento, California.

The cases of Tollenaar Holsteins, Friendly Pastures, LLC, and T
Bar
M Rancg, LLC, are jointly administered under the lead case of
Tollenaar Holsteins, Case No. 15-20840.

Russell K. Burbank was appointed as the Chapter 11 trustee for the
Debtor.


TRANS ENERGY: Posts $2.7 Million Net Income for First Quarter
-------------------------------------------------------------
Trans Energy, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $2.7 million on $4.4 million of total operating revenues for the
three months ended March 31, 2015, compared to a net loss of $1.5
million on $9.7 million of total operating revenues for the same
period in 2014.

As of March 31, 2015, the Company had $123 million in total assets,
$139 million in total liabilities, and a $15.4 million total
stockholders' deficit.

"Historically, we have satisfied our working capital needs with
operating revenues, borrowed funds and the proceeds of acreage
sales.  At March 31, 2015, we had negative working capital of
$8,926,396 compared to negative working capital of $4,211,011 at
December 31, 2014.  The decrease in working capital is primarily
due to an increase in accounts payable to drilling operator."

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

                       http://is.gd/4vS4Pb

                       About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its operations
are presently focused in the State of West Virginia.

Trans Energy reported a net loss of $12.5 million on $27.2 million
of total operating revenues for the year ended Dec. 31, 2014,
compared with a net loss of $17.7 million on $18.4 million of total
operating revenues for the year ended Dec. 31, 2013.


TRANSGENOMIC INC: Announces $3-Mil. Private Placement Financing
---------------------------------------------------------------
Transgenomic, Inc., it has entered into a definitive purchase
agreement to raise gross proceeds of approximately $3 million in a
private placement financing.  Crede Capital Group, LLC, a Los
Angeles-based family office, subscribed for all but 28,000 shares
in the financing.

Pursuant to the purchase agreement, Transgenomic has agreed to sell
an aggregate of approximately 1.5 million shares of its restricted
common stock and fully paid prefunded warrants to purchase up to
approximately 0.7 million shares of its common stock, in each case
at a purchase price of $1.42 per share. Additionally, for each
share of common stock issued and issuable upon exercise of the
fully paid prefunded warrants, the investor will receive a warrant
to purchase 0.55 of a share of common stock, for warrants to
purchase an aggregate of approximately 1.2 million additional
shares.  The warrants to purchase additional shares will be
exercisable at a price of $1.66 per share beginning six months
after the date of issuance and will expire five years from the date
on which the warrants are initially exercisable.

Transgenomic expects to use net proceeds from the offering for
general corporate and working capital purposes, including
activities supporting Transgenomic's ICE COLD-PCR technology.  The
closing of the offering is expected to occur on or about July 7,
2015, subject to standard and customary closing conditions.

Craig-Hallum Capital Group LLC is acting as the sole placement
agent for the offering.

                         About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global  

biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

Transgenomic reported a net loss available to common stockholders
of $15.1 million in 2014, a net loss available to common
stockholders of $16.7 million in 2013 and a net loss available to
common stockholders of $8.98 million in 2012.

As of March 31, 2015, the Company had $34.5 million in total
assets, $24.4 million in total liabilities and $10 million in
total stockholders' equity.

Ernst & Young LLP, in Hartford, Connecticut, 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 that raise substantial doubt about its
ability to continue as a going concern.


VIACAO AREA SAO PAULO: Chapter 15 Case Summary
----------------------------------------------
Chapter 15 Petitioner: Alexandre Tajra

Chapter 15 Debtor: Viacao Area Sao Paulo S.A
                   Praa da S, 21, Conjunto 203 e 207
                   S, So Paulo, SP 01001-001

Chapter 15 Case No.: 15-22091

Type of Business: Airline

Chapter 15 Petition Date: July 2, 2015

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

Chapter 15 Petitioner's Counsel: John D Couriel, Esq.
                                 Michael S. Kim, Esq.
                                 Jeremy Hollembeak, Esq.
                                 KOBRE & KIM LLP
                                 2 S Biscayne Blvd 35 Floor
                                 Miami, FL 33131
                                 Tel: +1 305-967-6100
                                 Fax: +1 305 967 6120
                                 Email: john.couriel@kobrekim.com

Estimated Assets: $1 million to $10 million

Estimated Debts: More than $1 billion


VIRTUAL PIGGY: Darr Aley Quits as Director
------------------------------------------
Darr Aley resigned from the board of directors of Virtual Piggy,
Inc., effective June 29, 2015, according to a document filed with
the Securities and Exchange Commission.  The resignation was not
the result of a disagreement with the Company relating to its
operations, policies or practices.

Chief Technology Officer Pradeep Ittycheria also notified the
Company that he would be resigning from the Company effective
June 30, 2015.  Mr. Ittycheria will transition his duties to the
current head of software development, who has been a Company
employee for over two years.

                  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.


WPCS INTERNATIONAL: Eliminates $1.7M Unsecured Promissory Notes
---------------------------------------------------------------
WPCS International Incorporated announced that it has completed a
series of transactions resulting in the elimination of all of its
$1,703,000 principal amount of Unsecured Promissory Notes, which
were originally due to be paid on Sept. 30, 2015.

According to Sebastian Giordano, interim CEO of WPCS, "Not only
does this eradicate our most pressing short-term cash obligation,
but it also generates a corresponding equity increase, a critical
factor as we continue working on our plan to regain compliance with
the NASDAQ minimum equity requirement."

The $1,703,000 of Notes previously outstanding were eliminated as
follows: on June 30, 2015, (i) holders of $1,299,000 principal
amount of Notes each converted their respective Notes into 8,435
shares of a new Series H preferred stock with each share of Series
H preferred stock currently convertible into 100 shares of the
Company's common stock; and (ii) two holders cancelled the
aggregate of $400,000 principal amount of Notes as part of a
Section 16 settlement.  Then, on July 1, 2015, the Company paid the
only remaining holder $4,000 in cash to retire such Note.
Five thousand eight hundred five of the newly issued Series H
preferred stock shares are eligible, for purposes of Rule 144 under
the Securities Act of 1933, as amended, to tack the holding period
back to the acquisition date of the exchanged Notes.

On June 30, 2015, the Company filed with the Secretary of State of
the State of Delaware a Certificate of Designations, Preferences
and Rights of Series H Convertible Preferred Stock.

Under the terms of the Series H Certificate of Designation, each
share of Series H Preferred Stock has a stated value of $154 and is
convertible into shares of the Company's common stock, par value
$0.0001 per share, equal to the stated value divided by the
conversion price of $1.54 per share (subject to adjustment in the
event of stock splits and dividends).  The Company is prohibited
from effecting the conversion of the Series H Preferred Stock to
the extent that, as a result of such conversion, the holder
beneficially owns more than 9.99%, in the aggregate, of the issued
and outstanding shares of the Company's Common Stock calculated
immediately after giving effect to the issuance of shares of Common
Stock upon the conversion of the Series H Preferred Stock.

              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.


WPCS INTERNATIONAL: Honig Reports 9.9% Stake as of July 2
---------------------------------------------------------
Barry Honig disclosed in an amended Schedule 13G filed with the
Securities and Exchange Commission that as of July 2, 2015,
he beneficially owned 154,805 shares of common stock of
WPCS International Incorporated which represents 9.99 per cent
(based on 1,558,887 outstanding as of July 2, 2015, giving effect
to the conversion of 1,500 shares of Series H Preferred Stock into
150,000 shares of common stock of the Reporting Person).  A copy of
the regulatory filing is available at http://is.gd/pVyRTr

              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.


XINERGY LTD: Bankr. Court Allows Sexual Harassment Suits to Proceed
-------------------------------------------------------------------
Judge Paul M. Black of the United States Bankruptcy Court for West
District of Virginia, Roanoke Division, lifted the automatic stay
imposed in the Chapter 11 cases of Xinergy Ltd., et al., to allow
Pamela Myles and Janet K. Williams to continue to prosecute,
subject to certain conditions, their state court actions.

Prior to the Petition Date, Myles and Williams initiated a lawsuit
against certain Debtor entities and other non-debtor defendants in
West Virginia state court alleging sexual harassment under the West
Virginia Human Rights Act.  Myles and Williams filed separate
Motions for the Bankruptcy Court enter an order lifting the
automatic stay so that the West Virginia state court actions can
proceed to allow them to liquidate their claims against the Debtor
Defendants, to seek recovery against available insurance coverage,
and to file proofs of claim against the named debtors to the extent
claims exceed available insurance coverage or to the extent
insurance coverage does not exist.

Judge Black granted in part the lift stay motions on the following
conditions: (1) the Movants may proceed in the prosecution of their
state court actions against the Debtor Defendants to engage in
pre-trial discovery and other trial preparation proceedings,
settlement negotiations, and with the trial of the case and appeal,
if any, of the verdict; (2) the Movants may enforce any judgment
obtained only to the extent of applicable insurance coverage of the
Debtor Defendants in the cases; (3) relief from stay as granted is
available only for so long as a defense is provided to the Debtor
Defendants by its insurance carriers; and (4) should the insurance
carriers deny coverage and cease to defend the Movants' actions, or
should any declaratory judgment action be initiated by any party to
determine the extent of insurance coverage, the relief afforded
will be stayed.

Further, Judge Black said that if the Movants seek to participate
in any distribution in the Debtor Defendants' estates, they will
abide by the proof of claim and interest bar dates established by
the Bankruptcy Court, and in the event any Movant's claims are
liquidated or reduced by the pending litigation and/or insurance
proceeds, those claims will be amended accordingly.

The bankruptcy case is XINERGY LTD., et al., CHAPTER 11, Debtors.
Pamela Myles, Movant, v. Xinergy Ltd., Xinergy Corp., Xinergy of
West Virginia, Inc., South Fork Energy, LLC, Shenandoah Energy,
LLC, Raven Crest Mining, LLC, Raven Crest Minerals, LLC Raven Crest
Leasing, LLC, and Raven Crest Contracting, LLC, Respondents. Janet
K. Williams, Movant, v. Xinergy Ltd., Xinergy Corp., Xinergy of
West Virginia, Inc., South Fork Energy, LLC, Shenandoah Energy,
LLC, Raven Crest Mining, LLC, Raven Crest Minerals, LLC Raven Crest
Leasing, LLC, and Raven Crest Contracting, LLC, Respondents, CASE
NO. 15-70444 (Bankr. W.D.Va.).

A full-text copy of Judge Black's Memorandum Opinion dated June 11,
2015, is available at http://is.gd/bmSZKsfrom Leagle.com.

                        About Xinergy Ltd.

Xinergy is a U.S. producer of metallurgical and thermal coal with
mineral reserves, mining operations and coal properties located in
the Central Appalachian ("CAPP") regions of West Virginia and
Virginia.  Xinergy's operations principally include two active
mining complexes known as South Fork and Raven Crest located in
Greenbrier and Boone Counties, West Virginia.  Xinergy also leases
or owns the mineral rights to properties located in Fayette,
Nicholas and Greenbrier Counties, West Virginia and Wise County,
Virginia. Collectively, Xinergy leases or owns mineral rights to
approximately 72,000 acres with proven and probable coal reserves
of approximately 77 million tons and additional estimated reserves
of 40 million tons.

Xinergy Ltd. and 25 subsidiaries commenced Chapter 11 bankruptcy
cases (Bankr. W.D. Va. Lead Case No. 15-70444) on April 6, 2015.
The cases have been assigned to Judge Paul M. Black.  The cases
are
being jointly administered for procedural purposes.

Xinergy Ltd. disclosed $36,968,445 in assets and $215,000,000 in
liabilities as of the Chapter 11 filing.

The Debtors tapped Hunton & Williams LLP as attorneys; Global
Hunter Securities, as financial advisor, and American Legal Claims
Services, LLC as claims, noticing and balloting agent.

The U.S. Trustee appointed two creditors to serve in the official
committee of unsecured creditors.  The Creditors' Committee
retained McGuireWoods LLP as its lead counsel and Whiteford Taylor
Preston LLP as its local/conflicts counsel.  The Committee retained
Gaddy Engineering Company as its mining consultant.


XRPRO SCIENCES: Re-launching Icagen After Pfizer Transaction
------------------------------------------------------------
XRpro Sciences, Inc., announced it acquired assets related to the
ion channel biology platform from Pfizer Inc., including all of
Pfizer's rights to the "Icagen" name and trademark.  

XRPro Sciences is re-launching the Icagen brand and will provide
comprehensive services for ion channel and transporter drug
discovery, combining Icagen's industry-leading scientific expertise
and extensive portfolio of assays and cell lines with XRpro
Sciences' proprietary, label-free X-ray fluorescence technology.
The new Icagen will continue to operate out of the existing
facility in Research Triangle Park, North Carolina in addition to
the current XRpro Sciences Inc. site in Cambridge, Massachussets.
Pfizer scientists associated with the ion channel biology platform
will transition to the new Icagen, ensuring continuity of their
extensive scientific expertise.

"Pharmaceutical and biotech companies are looking for efficiency
improvements and expertise in the drug development process and are
increasingly relying on outsource providers," said Richie
Cunningham, chief executive officer of the new Icagen.  "Icagen is
being re-launched to enable such companies to advance their ion
channel and transporter drug discovery by bringing together the
outstanding expertise of Icagen scientists with an unmatched
portfolio of ion channel cell lines and assay technologies."

"The Pfizer team transitioning to the new Icagen has more than two
decades of leadership in the ion channel field and a long track
record of success in moving compounds from discovery into clinical
development across a variety of therapeutic areas, both alone and
in partnership with leading pharmaceutical developers including
Pfizer, Bristol-Myers Squibb and Johnson & Johnson,"  Mr.
Cunningham continued, "This expertise, combined with a continually
expanding collection of ion channel tools and technologies and the
enabling capabilities of XRpro's high throughput technology,
positions us to provide services in the ion channel and transporter
research fields that are second to none."

"We look forward to once again operating as an independent company
and collaborating with pharmaceutical and biotechnology industry
researchers on their discovery and preclinical development
problems, without limitations on the therapeutic areas or ion
channels of interest," said Douglas Krafte, Ph.D., chief scientific
officer of the new Icagen.  He noted that the company's research
efforts to date had covered multiple ion channel classes and a
broad range of therapeutic indications including cardiac
arrhythmias, sickle cell anemia, asthma, epilepsy and pain.  "We
also look forward to having a positive impact within the area of
transporter research by harnessing the unique capabilities of the
XRpro platform for evaluating previously challenging targets, like
nonelectrogenic transporters."

Dr. Krafte continued, "At the same time, working since 2011 as part
of Pfizer has enabled us to significantly grow our technological
resources and gain unique insights into large company perspectives
about drug R&D that will serve our clients well as we go forward."

"We are pleased to enter into this agreement with XRpro Sciences
that will provide flexibility and ensure technical excellence in
the pursuit of ion channel therapeutics," said Michael Ehlers, MD,
PhD, Pfizer senior vice president of Biotherapeutics R&D.  "We look
forward to working with the new Icagen to discover new drug
candidates targeting ion channels and transporters that impact
major neurological and cardiovascular diseases."

                       About XRpro Sciences

XRpro Sciences, Inc., formerly known as Caldera Pharmaceuticals
Inc. -- http://www.xrpro.com/-- provides a unique platform for
drug discovery and development services featuring high throughput
screening of ion channel assays for the pharmaceutical industry.
The Company's proprietary advances in X-ray fluorescence provide
measurements that would otherwise be difficult or impossible
applying other readily available technologies.  XRpro technology
directly measures the activity of a drug target, without the need
for costly and artifact-causing chemical dyes or radiolabels.

XRPro Sciences reported a net loss applicable to common stock of
$569,000 in 2014 following a net loss applicable to common stock of
$5.88 million in 2013.



[^] BOND PRICING: For Week From June 29 to July 3, 2015
-------------------------------------------------------
  Issuer Name           Ticker  Coupon Bid Price  Maturity Date
  -----------           ------  ------ ---------  -------------
Affinion
  Investments LLC       AFFINI  13.500    50.125      8/15/2018
Alpha Natural
  Resources Inc         ANR      9.750     8.080      4/15/2018
Alpha Natural
  Resources Inc         ANR      7.500    25.750       8/1/2020
Alpha Natural
  Resources Inc         ANR      6.000     8.440       6/1/2019
Alpha Natural
  Resources Inc         ANR      6.250     8.050       6/1/2021
Alpha Natural
  Resources Inc         ANR      3.750     8.250     12/15/2017
Alpha Natural
  Resources Inc         ANR      4.875     7.500     12/15/2020
Alpha Natural
  Resources Inc         ANR      7.500    23.000       8/1/2020
Alpha Natural
  Resources Inc         ANR      7.500    25.500       8/1/2020
Altegrity Inc           USINV   13.000    48.000       7/1/2020
Altegrity Inc           USINV   14.000    42.500       7/1/2020
Altegrity Inc           USINV   14.000    35.000       7/1/2020
American Eagle
  Energy Corp           AMZG    11.000    35.000       9/1/2019
American Eagle
  Energy Corp           AMZG    11.000    35.500       9/1/2019
Arch Coal Inc           ACI      7.000    17.000      6/15/2019
Arch Coal Inc           ACI      7.250    14.250      6/15/2021
Arch Coal Inc           ACI      7.250    32.750      10/1/2020
Arch Coal Inc           ACI      8.000    19.750      1/15/2019
Arch Coal Inc           ACI      9.875    24.563      6/15/2019
Arch Coal Inc           ACI      8.000    19.875      1/15/2019
BPZ Resources Inc       BPZR     8.500    14.850      10/1/2017
Berry Plastics Corp     BERY     9.750   109.590      1/15/2021
Black Elk Energy
  Offshore Operations
  LLC / Black Elk
  Finance Corp          BLELK   13.750    15.020      12/1/2015
Caesars Entertainment
  Operating Co Inc      CZR     10.000    27.750     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      6.500    35.150       6/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     10.750    27.250       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     12.750    25.750      4/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    27.563     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      5.750    30.000      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR      5.750    12.250      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    27.250     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    25.750       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     10.000    27.250     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    27.000     12/15/2018
Cal Dive
  International Inc     CDVI     5.000     1.150      7/15/2017
Champion
  Enterprises Inc       CHB      2.750     0.250      11/1/2037
Chassix Holdings Inc    CHASSX  10.000     8.000     12/15/2018
Chassix Holdings Inc    CHASSX  10.000     8.000     12/15/2018
Chassix Holdings Inc    CHASSX  10.000     8.000     12/15/2018
Claire's Stores Inc     CLE     10.500    62.288       6/1/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    28.030     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    28.125     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    28.125     11/15/2017
Comstock Resources Inc  CRK      7.750    42.025       4/1/2019
Dendreon Corp           DNDN     2.875    69.000      1/15/2016
Endeavour
  International Corp    END     12.000    11.500       3/1/2018
Endeavour
  International Corp    END     12.000     7.375       3/1/2018
Endeavour
  International Corp    END     12.000     7.375       3/1/2018
Energy Conversion
  Devices Inc           ENER     3.000     7.875      6/15/2013
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU     10.000     5.250      12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU     10.000     5.375      12/1/2020
Energy XXI Gulf
  Coast Inc             EXXI     9.250    54.960     12/15/2017
Energy XXI Gulf
  Coast Inc             EXXI     7.750    38.530      6/15/2019
FBOP Corp               FBOPCP  10.000     1.843      1/15/2009
FairPoint
  Communications
  Inc/Old               FRP     13.125     1.879       4/2/2018
Federal Home
  Loan Banks            FHLB     1.675   100.000       4/2/2019
Fleetwood
  Enterprises Inc       FLTW    14.000     3.557     12/15/2011
GT Advanced
  Technologies Inc      GTAT     3.000    24.500      10/1/2017
Gevo Inc                GEVO     7.500    59.500       7/1/2022
Goodrich
  Petroleum Corp        GDP      8.875    42.000      3/15/2019
Goodrich
  Petroleum Corp        GDP      5.000    45.000      10/1/2032
Gymboree Corp/The       GYMB     9.125    39.250      12/1/2018
Hercules Offshore Inc   HERO    10.250    35.500       4/1/2019
Hercules Offshore Inc   HERO    10.250    34.875       4/1/2019
Hercules Offshore Inc   HERO     8.750    34.000      7/15/2021
JPMorgan Chase & Co     JPM      5.900   100.035      6/15/2022
JPMorgan Chase & Co     JPM      5.600   100.100     12/15/2021
JPMorgan Chase & Co     JPM      5.600   100.040      1/15/2022
James River Coal Co     JRCC     3.125     0.001      3/15/2018
Las Vegas Monorail Co   LASVMC   5.500     0.010      7/15/2019
Lehman Brothers
  Holdings Inc          LEH      5.000     8.875       2/7/2009
Lehman Brothers
  Holdings Inc          LEH      4.000     8.875      4/30/2009
Lumbermens Mutual
  Casualty Co           KEMPER   8.300     0.250      12/1/2037
MF Global
  Holdings Ltd          MF       6.250    32.750       8/8/2016
MF Global
  Holdings Ltd          MF       1.875    20.000       2/1/2016
MF Global
  Holdings Ltd          MF       9.000    20.000      6/20/2038
MF Global
  Holdings Ltd          MF       3.375    32.000       8/1/2018
MModal Inc              MODL    10.750    10.125      8/15/2020
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    31.000      5/15/2018
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    35.000      5/15/2018
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    29.875      5/15/2018
MarkWest Energy
  Partners LP /
  MarkWest Energy
  Finance Corp          MWE      6.500   104.500      8/15/2021
Molycorp Inc            MCP     10.000    19.000       6/1/2020
Molycorp Inc            MCP      6.000     1.750       9/1/2017
Molycorp Inc            MCP      3.250     2.500      6/15/2016
Molycorp Inc            MCP      5.500     1.383       2/1/2018
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    11.696      8/15/2019
Quicksilver
  Resources Inc         KWKA    11.000    13.750       7/1/2021
Quiksilver Inc /
  QS Wholesale Inc      ZQK     10.000    29.500       8/1/2020
RadioShack Corp         RSH      6.750     3.125      5/15/2019
RadioShack Corp         RSH      6.750     1.816      5/15/2019
RadioShack Corp         RSH      6.750     1.816      5/15/2019
Sabine Oil & Gas Corp   SOGC     7.250    20.400      6/15/2019
Sabine Oil & Gas Corp   SOGC     9.750    18.142      2/15/2017
Sabine Oil & Gas Corp   SOGC     7.500    22.250      9/15/2020
Sabine Oil & Gas Corp   SOGC     7.500    21.250      9/15/2020
Sabine Oil & Gas Corp   SOGC     7.500    21.250      9/15/2020
Samson Investment Co    SAIVST   9.750     4.500      2/15/2020
Saratoga Resources Inc  SARA    12.500     7.250       7/1/2016
Swift Energy Co         SFY      7.125    57.451       6/1/2017
Sysco Corp              SYY      4.500   100.742      10/2/2044
Sysco Corp              SYY      3.500   100.986      10/2/2024
Sysco Corp              SYY      4.350   104.148      10/2/2034
Sysco Corp              SYY      1.450   100.607      10/2/2017
TMST Inc                THMR     8.000    12.000      5/15/2013
Terrestar Networks Inc  TSTR     6.500    10.000      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    12.500       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    12.188      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    15.250       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    14.500      11/1/2016
US Shale Solutions Inc  SHALES  12.500    49.500       9/1/2017
US Shale Solutions Inc  SHALES  12.500    56.750       9/1/2017
Venoco Inc              VQ       8.875    31.011      2/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.375    34.250       8/1/2016
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    24.900      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS      8.750     9.946       2/1/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    25.375      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    25.375      1/15/2019
Vessel Management
  Services Inc          CROWL    6.080   101.322      5/20/2024
Vessel Management
  Services Inc          CROWL    6.750   140.158      7/15/2025
Walter Energy Inc       WLT      9.875     3.100     12/15/2020
Walter Energy Inc       WLT      8.500     3.000      4/15/2021
Walter Energy Inc       WLT      9.875     5.125     12/15/2020
Walter Energy Inc       WLT      9.875     5.125     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 ***