TCR_Public/150707.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, July 7, 2015, Vol. 19, No. 188

                            Headlines

ANNA'S LINENS: Judge to Consider Approval of Agency Deal July 10
ARIZONA LA CHOLLA: Court Okays Settlement With TFCU
BAHA MAR: Concerned About Supreme Court Proceedings Adjournment
CHASSIX HOLDINGS: Obtains Court Approval of Restructuring Plan
CHASSIX HOLDINGS: Reaches Broad Settlement with Creditors

CITADEL ENERGY: Meeting to Form Creditors' Panel Set for July 16
COSMETIC GALLERY: Wins Continued Use of First Bank Collateral
CROSBY INTERNATIONAL: Anderson Tobin Okayed as Conflicts Counsel
CROSBY INTERNATIONAL: Case Transferred to California
CROSBY INTERNATIONAL: Files Schedules of Assets and Liabilities

CROSBY INTERNATIONAL: Quiling Selander Approved as General Counsel
CROSBY NATIONAL: Ad Hoc Members Committee Taps Marshall as Counsel
CW MINING: Partial Summary Judgment in House Ownership Suit Upheld
DISCOVERY LABS: Receives NASDAQ Listing Non-Compliance Notice
ECHELON CORP: Receives NASDAQ Listing Non-Compliance Notice

EMPRESAS OMAJEDE: BPPR Gets More Time to File Amended Claim
EMPRESAS OMAJEDE: Oct. 7 Valuation Hearing on Carraizo Properties
ERG INTERMEDIATE: May Hold Auction for Assets on July 29
FLEX FINANCIAL: Suit vs. Insurers To Proceed to Jury Trial
GAS-MART USA: Files for Chapter 11 to Stop Jumpin' Jimmy's Sale

GAS-MART USA: Proposes to Pay CITGO's $1.12 Million Claim
GAS-MART USA: Seeks 30-Day Extension to File Schedules
GAS-MART USA: Wants to Reject Leases Entered Into in 2004
HNO GREEN: Creditors Have Until Aug. 24 to File Proofs of Claim
HNO GREEN: Files Schedules of Assets and Liabilities

HORNED DORSET: Hires Garcia-Arregui as Attorneys
JW RESOURCES: Proposes Energy Ventures as Sale Advisor
JW RESOURCES: Taps Frost Brown Todd as Bankruptcy Counsel
LAKELAND DEVELOPMENT: Jason M. Rund Appointed Ch. 11 Trustee
LEHMAN BROTHERS: Bid to Dismiss SPV Suit Over Swap Deals Denied

LIFE PARTNERS: Court Enters Final Order to Move Claims Bar Date
LONG BEACH HOMEMAKERS: Case Summary & 7 Top Unsecured Creditors
MAGNETATION LLC: Court OKs Hiring of Blackstone Advisory as Banker
MAGNETATION LLC: Creditors' Panel Hires Cooley LLP as Lead Counsel
MAGNETATION LLC: Hires Fredrikson & Byron as Special Counsel

MAGNETATION LLC: Taps FTI to Provide Chief Restructuring Officer
MAGNETATION LLC: UST Objects to Fredrikson & Byron Employment
MOLYCORP INC: Seeks to Pay $4.6MM to Essential Suppliers
MOLYCORP INC: To Limit Equity Trading to Preserve NOLs
MORRIS SCHNEIDER: Atlanta Law Firm Seeks Bankruptcy Protection

MORRIS SCHNEIDER: Case Summary & 30 Top Unsecured Creditors
NORTEL NETWORK: Bids for Judgment in Tektel vs. Gov't Suit Denied
NORTEL NETWORKS: U.S., Bondholders Lose Bid to Upset $7.3B Ruling
PINNACLE MINERAL: Voluntary Chapter 11 Case Summary
PUERTO RICO ELECTRIC: Bondholders Extend Forbearance Agreement

RADIOSHACK CORP: Salus DIP Financing Extended to July 25
RANCH 967: Seeks Nov. 28 Extension of Solicitation Period
REED AND BARTON: Court Approves Brown Rudnick as Committee Counsel
REED AND BARTON: Court Approves Deloitte FAS as Committee Advisor
SABINE OIL: Amends Forbearance Agreement to Revolving Facility

SHERSON GROUP: Chapter 15 Case Summary
STANDARD REGISTER: Court OKs Polsinelli as Committee Counsel
STANDARD REGISTER: Creditors' Panel Taps Zolfo Cooper as Advisors
STUART M. LEDIS LLC: Case Summary & 4 Top Unsecured Creditors
TRADE SECRET: Buyer Held Liable for $317K Damages Award

TROCOM CONSTRUCTION: Hires Cullen and Dykman as Counsel
UNIVISION COMMUNICATIONS: Fitch Keeps 'B' IDR Over Debentures Plan
WALDRON ENERGY: Toronto Stock Exchange Extends Delisting Review
[^] Large Companies With Insolvent Balance Sheet

                            *********

ANNA'S LINENS: Judge to Consider Approval of Agency Deal July 10
----------------------------------------------------------------
U.S. Bankruptcy Judge Theodor Albert is set to hold a hearing on
July 10 to consider final approval of Anna's Linens Inc.'s bid to
assume an agency agreement with a joint venture selected to conduct
the sale of its assets.

The bankruptcy judge earlier gave the retailer interim approval to
assume the agreement with a joint venture between Hilco Merchant
Resources LLC and Gordon Brothers Retail Partners LLC.

The joint venture emerged as the winning bidder at an auction held
last month for the right to liquidate Anna's Linens' assets,
beating out the stalking horse bidder Tiger Capital Group LLC and
Yellen Partners LLC.

The winning bid offers a guaranteed recovery of 111% of the cost
value of Anna's Linens' merchandise with a so-called "merchandise
threshold" of not less than $61.5 million and not more than $67
million, subject to certain adjustments, court filings show.

At the July 10 hearing, Judge Albert will consider whether to
approve or not the payment of a breakup fee to the stalking horse
bidder and to The Great American Group LLC, which also took part in
the auction.

Anna's Linens' has proposed to pay the stalking horse bidder a
breakup fee of $650,000, plus expense reimbursement of up to
$350,000.  Meanwhile, the retailer has proposed to pay $250,000 to
Great American.  

Last week, Anna's Linens' official committee of unsecured creditors
filed in court an objection to the terms of the sale.  The group
expressed concern the deal would leave Anna's Linens' estate
"administratively insolvent," unable to pay millions of dollars of
creditors holding administrative claims.

The group also questioned the proposed payment of breakup fees,
saying they "do not meet the statutory criteria for administrative
expenses that can be put ahead of unsecured creditors."

Anna's Linens' also received an objection from tax authorities in
Texas and from Welcome Industrial Corp., the retailer's largest
unsecured creditor.

The tax agencies said they will oppose any move to distribute
proceeds from the sale of their collateral unless their claims are
paid in full.  Welcome Industrial meanwhile seeks clarification
that any liens asserted by the company will attach to proceeds from
the sale.  Both objections have already been resolved, court
filings show.

                       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.


ARIZONA LA CHOLLA: Court Okays Settlement With TFCU
---------------------------------------------------
The Hon. Brenda Moody Whinery of the U.S. Bankruptcy Court for the
District of Arizona approved on June 19, 2015, certain settlement
agreement dated May 13, 2015, among Arizona La Cholla, L.L.C.,
Steven L. Nannini, and Tucson Federal Credit Union.

As reported by the Troubled Company Reporter on June 1, 2015, the
Debtor asked the Court to approve the settlement with its primary
creditor, TFCU, and also sought for the dismissal of its bankruptcy
case, conditioned on the Court's approval of and completion and
implementation of the settlement.

Under the settlement, the Debtor would convey two parcels of real
estate to TFCU in exchange for TFCU's releasing the Debtor from its
guaranty of a promissory note executed by Debtor's manager, Mr.
Nannini, in favor of TFCU.  Simultaneously, a related Pima County
Superior Court lawsuit filed by TFCU against Mr. Nannini would be
concluded, except for a deficiency claim by TFCU against Mr.
Nannini which would either be settled or litigated in Superior
Court as provided in the settlement.  Upon settlement approval and
implementation by completion of the conveyance of the combined
properties, the bankruptcy case would be dismissed.

On June 19, the Court found that all parties who were entitled to
notice of the Debtor's May 14, 2015 motion to approve the
settlement either received notice or waived notice and consented to
the motion.  The Court further found that the Debtor showed cause
to direct that no notice of its amended motion -- a copy of which
is available for free at http://is.gd/kNGWrf-- to approve the
settlement be sent.  The Debtor amended its motion on June 14,
2015, to correct omissions in notice regarding the prior motion.
The Debtor requested that TFCU consent to an extension of time for
the Debtor to complete the conveyance of certain real property to
TFCU.  The Debtor simultaneously requested the Court to direct that
notice not be sent.  

The settlement agreement provides that it is void if the Debtor
does not by June 22, 2015, authorize the escrow agent to record a
certain deed.  No person will be prejudiced by granting the motion
to approve settlement agreement and requiring further notice will
result in the failure of the settlement to the detriment of the
Debtor and its primary creditor.  No further notice to any party of
the Debtor's motion to approve settlement is required.

No party has filed an objection to the motion, according to
certificates filed by the Debtor's counsel on June 9 and 12.

                  About Arizona La Cholla

Arizona La Cholla, L.L.C., filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 14-10254) on July 2, 2014.  Steven L.
Nannini signed the petition as manager.  The Debtor estimated
assets and liabilities of at least $10 million.  Altfeld & Battaile
P.C. serves as the Debtor's counsel.


BAHA MAR: Concerned About Supreme Court Proceedings Adjournment
---------------------------------------------------------------
Baha Mar on July 2 stated that it is extremely concerned and
disappointed that the Supreme Court of the Commonwealth of The
Bahamas has decided to adjourn until Tuesday, July 7, the hearing
of Baha Mar's application for recognition of the U.S. bankruptcy
proceedings.  The adjournment by the Bahamian Supreme Court was
granted at the joint request of the office of The Attorney General
of The Bahamas and The Export-Import Bank of China, the project's
lender.

Baha Mar said, "This adjournment unfortunately makes it impossible
at this time to act on the U.S. Court approvals we received
yesterday which would allow us, among other things, to pay salaries
and benefits for Baha Mar Citizens as well as pay ordinary course
suppliers and vendors for goods and services post the commencement
of the Chapter 11 process.  The adjournment has very troubling
implications for both the Chapter 11 process and our efforts to
position Baha Mar to complete construction and open successfully."

Baha Mar reported that the Bahamian Supreme Court directed Baha
Mar, at the request of the Attorney General, to provide the
Government with information necessary for the Government to pay the
salaries of the more than 2,200 Baha Mar employees for the period
ending July 3, 2015.  Baha Mar is complying with this direction,
although the company noted that the Government's unorthodox request
for the direction appeared redundant in light of the U.S. Court on
July 1 granting Baha Mar its DIP financing and approving Baha Mar's
motion to operate and fund its payroll in the normal course.

Baha Mar continued, "We are doing everything we can to immediately
comply with the Supreme Court's direction.  It is in Baha Mar
employee's interests that the government now fulfills the
responsibility it has chosen to take on for this pay period."

"The government's objection is quite alarming.  As we have made
clear all week, time is of the essence for Baha Mar.  Having Baha
Mar succeed is extremely important to the long-term economic
well-being of the country.

"We are working as hard as we can on as many fronts as possible to
move matters along toward completion and opening of the Baha Mar
project.  Extensive efforts to reach a compromise with our lender
and our contractor have been fruitless and if we are frustrated in
taking advantage in The Bahamas of the US Chapter 11 process for
very much longer, drastic and regrettable steps, including
substantial staff reductions, will have to be taken."

More information about Baha Mar's voluntary undertaking of the
Chapter 11 process is available at www.bmpathforward.com
Information for suppliers and vendors is available at 855-410-7357
(U.S.) or +1-646-795-6963 (International).  The court case number
is 15-11402.

Milbank, Tweed, Hadley & McCloy, LLP and Kobre & Kim, LLP are
acting as legal advisors, and Moelis & Company is acting as
financial advisor to the filing entities.

                         About Baha Mar

Orlando, Florida-based Northshore Mainland Services Inc., Baha Mar
Enterprises Ltd., and their affiliates sought protection under
Chapter 11 of the Bankruptcy Code on June 29, 2015 (Bankr. D.Del.,
Case No. 15-11402).  Baha Mar owns, and is in the final stages of
developing, a 3.3 million square foot resort complex located in
Cable Beach, Nassau, The Bahamas.

The case is assigned to Judge Kevin J. Carey.

The Debtors are represented by Paul S. Aronzon, Esq., and Mark
Shinderman, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in Los
Angeles, California; and Gerard Uzzi, Esq., Thomas J. Matz, Esq.,
and Steven Z. Szanzer, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in New York.  The Debtors' Delaware counsel are Laura Davis
Jones, Esq., James E. O'Neill, Esq., Colin R. Robinson, Esq., and
Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware.  The Debtors' Bahamian counsel is Glinton
Sweeting O'Brien.  The Debtors' special litigation counsel is Kobre
& Kim LLP.  The Debtors' construction counsel is Glaser Weil Fink
Howard Avchen & Shapiro LLP.

The Debtors' investment banker and financial advisor is Moelis
Company LLC.  The Debtors' claims and noticing agent is Prime Clerk
LLC.


CHASSIX HOLDINGS: Obtains Court Approval of Restructuring Plan
--------------------------------------------------------------
Chassix Holdings, Inc. on July 2 disclosed that the United States
Bankruptcy Court for the Southern District of New York has
indicated that it will enter an order confirming the Company's
restructuring and recapitalization plan following a hearing held on
July 2.

"The Court's decision to confirm Chassix's restructuring and
recapitalization plan marks an important milestone in our path to
emerge from Chapter 11 as a robust, well-capitalized automotive
supplier," said Mark Allan, Chassix Chief Executive Officer.  "This
action brings us closer to financial health as we simultaneously
work to implement operational improvements that will enhance
production, improve cash flows and better position us to support
the significant demand for our products.  We sincerely appreciate
the ongoing support of our customers and suppliers, as well as the
unrelenting dedication of our employees, which together have
allowed us to continue our operations in the normal course
throughout this process."

The Plan, among other things, provides for a debt-for-equity swap
that will significantly reduce the Company's outstanding bond debt
and debt payment obligations.  The Plan also provides for Chassix
to have access to $45 million of additional liquidity from an exit
financing facility upon its emergence from Chapter 11.

Additional information regarding Chassix's restructuring is
available at www.chassix.com

Court filings and information about the claims process are
available at https://cases.primeclerk.com/chassix or by calling
Chassix's claims agent, Prime Clerk, at 844-224-1137 (or
917-962-8896 for international calls).

Weil, Gotshal & Manges LLP is serving as legal counsel and Lazard
Freres & Co. LLC is serving as financial advisor to Chassix.  FTI
Consulting is providing interim management services to Chassix,
including operational evaluation, business plan development and
strategy implementation.

                      About Chassix Holdings

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

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

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

Chassix, Inc., disclosed $5,880,354 in assets and $624,719,658 in
liabilities as of the Chapter 11 filing.  Its parent, Chassix
Holdings, Inc., disclosed $0 assets and $165,571,125 in liabilities
in its schedules.

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

The Official Committee of Unsecured Creditors appointed in the case
has retained Akin Gump Strauss Hauer & Feld LLP as counsel; Teneo
Securities LLC as financial advisor; and Kurtzman Carson
Consultants LLC as information and noticing agent.


CHASSIX HOLDINGS: Reaches Broad Settlement with Creditors
---------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal, reported that
Chassix Holdings Inc. reached a broad settlement with its major
creditors and Judge Michael Wiles of the U.S. Bankruptcy Court in
Manhattan said he would sign off on the auto parts maker's plan,
following a day-long hearing in which several of Chassix's
financial professionals testified that the plan provides the best
path forward for the company.

The plan, according to the Journal, has the support of
private-equity firm Platinum Equity Advisors, which owns Chassix,
as well as holders of the company's secured bonds and about 85% of
its unsecured bonds.

Under the Plan, and in accordance with the Global Settlement, the
holders of Allowed Secured Note Claims will receive their Pro Rata
share of approximately 97.5% of the New Common Stock (subject to
dilution).  In addition, under the terms of the Global Settlement,
and in consideration of each of their substantial contributions to
the Debtors' Chapter 11 Cases, (a) the Unsecured Noteholders will
receive their pro rata share of approximately 2.5% (subject to
dilution) of the Reorganized Debtors' New Common Stock and Warrants
to purchase an additional 5% of the New Common Stock; and (b) the
Platinum Equity Released Parties will receive a release, as set
forth in the Plan.

The significant features of the Plan include,  among other things,
(a) approximately $300 million in exit financing including an
additional $50 million in new financing to be provided by certain
of the Debtors' ecured Noteholders, (b) conversion of approximately
$375 million of the Debtors' Secured Notes and approximately $158
million of the Debtors' Unsecured Notes into equity, (c) agreements
with the OEM Customers on valuable long term accommodations, and
(d) distributions to the Debtors' General Unsecured creditors,
subject to certain conditions set forth in the Plan, David J.
Woodward, the Interim Chief Financial Officer of Chassix Holdings,
Inc., said in a declaration filed in support of confirmation of the
Plan.

Under the Plan, holders of General Unsecured Trade Claims are
expected to recover 35% to 40% of their allowed claim amount,
estimated to range from $30 million to $34 million.  Holders of
Other General Unsecured Claims are expected to recover 10% of their
allowed claim amount, the total of which is still undetermined.

Christine Pullo, the senior director of solicitation at Prime Clerk
LLC, stated in a declaration that holders of claims entitled to
vote on the Plan voted overwhelmingly to accept the Plan.  A
full-text copy of the Tabulation Results is available at
http://bankrupt.com/misc/CHASSIXtab0701.pdf

                       About Chassix Holdings

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

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

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

Chassix, Inc., disclosed $5,880,354 in assets and $624,719,658 in
liabilities as of the Chapter 11 filing.  Its parent, Chassix
Holdings, Inc., disclosed $0 assets and $165,571,125 in
liabilities
in its schedules.

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

The Official Committee of Unsecured Creditors appointed in the
case
has retained Akin Gump Strauss Hauer & Feld LLP as counsel; Teneo
Securities LLC as financial advisor; and Kurtzman Carson
Consultants LLC as information and noticing agent.


CITADEL ENERGY: Meeting to Form Creditors' Panel Set for July 16
----------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on July 16, 2015, at 2:00 p.m. in the
bankruptcy case of Citadel Energy Holdings, LLC, et al.

The meeting will be held at:

         J. Caleb Boggs Federal Building
         844 King St., Room 2112
         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.



COSMETIC GALLERY: Wins Continued Use of First Bank Collateral
-------------------------------------------------------------
Judge Andrew B. Altenburg, Jr., of the United States Bankruptcy
Court for the District of New Jersey granted Cosmetic Gallery,
Inc.'s motion for continued use of the cash collateral securing its
prepetition indebtedness from First Bank.

First Bank and the Debtor have stipulated that prior to the
Petition Date, First Bank made three loans to the Debtor or
collaterally guaranteed by the Debtor in the original amounts of
$1,000,000 for a loan dated October 2, 2008, $500,000 for a loan
dated December 12, 2008, and $434,286 for a loan dated March 30,
2012.  The Debtor has reviewed the Pre-Petition Loan Documents and
agrees that First Bank has a valid lien on the assets of the Debtor
including, without limitation, assets which may be deemed cash
collateral.  The First Bank financing statement against the
Debtor's assets was filed on December 16, 2008, and continued on
June 25, 2013. The Debtor has acknowledged and agreed that First
Bank has, as of the Petition Date, a valid and subsisting, duly
perfected lien and security interest on and in the Pre-Petition
Collateral.

Judge Altenburg approved the stipulation between First Bank and the
Debtor, which stipulation authorized the Debtor to use Cash
Collateral to meet its ordinary cash needs in order to maintain and
preserve its assets, and continue operation of its business,
including, but not limited to, payroll and payroll taxes,
insurance, rent, and accounting expenses as reflected in the Cash
Collateral Budget.

The case is In re: COSMETIC GALLERY, INC., Chapter 11, Debtor, CASE
NO. 13-35688 (ABA)(D.N.J.).

A full-text of Judge Altenburg, Jr.'s Sixteenth Interim Stipulated
Order dated June 29, 2015 available at http://is.gd/sxvXLxfrom
Leagle.com.

Paul J. Winterhalter, Esq., of Paul J. Winterhalter, P.C. serves as
counsel for the Debtors.


CROSBY INTERNATIONAL: Anderson Tobin Okayed as Conflicts Counsel
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
authorized the Crosby National Golf Club, LLC, to employ Anderson
Tobin, PLLC, as special conflicts counsel.

In matters in which the Debtor is adverse to Texas Capital Bank,
National Association, the Debtor desires to employ Tobin to act as
special, conflicts counsel pursuant to Section 327(e) of the
Bankruptcy Code.

Texas Capital asserts an outstanding principal balance on the Note
of approximately $3,100,000 (secured debt).

The Debtor expects Texas Capital to assert that its lien against
the proceeds from the real property and improvements results in all
income and proceeds in the Debtor's possession constituting the
cash collateral of Texas Capital within the meaning of Section
363(a) of the Bankruptcy Code.

Tobin will be paid at these hourly rates:

       Partners                                  $285 - $385
       Associates                                $200 - $250
       Paralegals, Law Clerks and Support Staff     $150

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

In addition, a $15,000 retainer to be held in Trust for payment of
fees will be provided to Tobin by Escalante Golf, Inc., a
non-debtor third party.

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

                About The Crosby National Golf Club

The Crosby National Golf Club, LLC, commenced a Chapter 11
bankruptcy case (Bankr. N.D. Tex. Case No. 15-41545) in Ft. Worth,
Texas, on April 16, 2015, without stating a reason.  The Court
transferred the case to the Southern District of California.  The
Crosby National Golf Club, LLC disclosed $1,478,076 in assets and
$32,996,534 in liabilities as of the Chapter 11 filing.

The Debtor owns and operates the Crosby National Golf Club which is
located within the Crosby Estates at Rancho Santa Fe.  The Golf
Club has been continuously operated as a for-profit, private
eighteen-hole golf course and has been known at all times as the
Crosby National Golf Club. It is a California limited liability
company and its managing member is Escalante - Crosby National
L.P., a Colorado limited partnership.

The case is assigned to Judge Russell F. Nelms.  Hudson M. Jobe,
Esq., and Timothy A. York, Esq., at Quilling, Selander, Lownds,
Winslett & Moser, P.C. represents the Debtor in its restructuring
effort.

The Crosby Estate at Rancho Santa Fe Master Association (The Crosby
HOA) is the master association for the gated residential community
and development located in San Diego County including the Debtor's
golf club, commonly known as The Crosby National Golf Club.  The
Debtor and the Crosby HOA have been engaged in disputes and
resulting litigation pending in the Superior Court, State of
California, County of San Diego, relating to the Debtor's
operations of the Club and various rights and obligations of the
parties under the Development documents and related agreements. It
is represented in the Debtor's case by Joe J. Wielenbinski, Esq.,
Jay H. Ong, Esq. and Thomas D. Berghman, Esq. at Munsch Hardt Kopf
& Harr, P.C. in Dallas, Texas.

Texas Capital holds a valid, perfected, secured Claim against the
Debtor. A minimum aggregate amount of approximately $3.1 million is
owed on the Texas Capital Claim. It is represented by Matthew T.
Ferris, Esq. at Winstead PC in Dallas, Texas.



CROSBY INTERNATIONAL: Case Transferred to California
----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
entered an order transferring the Chapter 11 case of The Crosby
National Golf Club, LLC, to the Southern District of California.

Crosby Estate at Rancho Santa Fe Master Association (the "Crosby
HOA") requested that the Court enter an order transferring the
case.  Several parties joined in the motion.  The Debtor opposed
the motion.

Texas Capital Bank, National Association, a secured creditor,
submitted a reservation of its rights.  According to Texas Capital,
among other things, the HOA reply alleges that "[the] loan is
fraudulent… and is therefore subject to avoidance."  Texas
Capital asserted that the HOA reply cited no evidentiary support
for the Crosby HOA's allegation that the Texas Capital loan is
fraudulent or otherwise invalid.  Texas Capital disputes the Crosby
HOA's characterization of Texas Capital's loan to the Debtor.

In its reply to the Debtor's objection, Crosby HOA, the homeowners'
association for that certain residential community known as The
Crosby Estate at Rancho Santa Fe, located in Rancho, Santa Fe (San
Diego County) California, and containing the Crosby National Golf
Club, which is owned and operated by The Crosby National Golf Club,
LLC, the Debtor, and replied to the Debtor's objection, stated that
the Debtor's objection continues to demonstrate its obvious failure
to appreciate the best interests of the estate, and a lack of
candor before the Court.

The Ad Hoc Crosby National Members Committee comprised of certain
active members in the Crosby National Golf Club filed a joinder to
the transfer motion, stating that if the case were to proceed in
Ft. Worth, it would be to the extreme disadvantage or possible
exclusion of many of the key creditors and parties-in-interests.

The Debtor, in its objection, stated that venue of the case is
proper in the Bankruptcy Court for the Northern District of Texas.

According to the Debtor, since venue here is proper, great
deference is to be accorded to the Debtor's choice.  Moreover,
since the case is a reorganization, the location of the Debtor's
assets is of lesser importance compared to the location of the
Debtor's decision-makers, negotiators, lawyers, and financiers as
those are the parties that will be doing the most work both in and
out of the courtroom to restructure the Debtor.

The Debtor is represented by:

         Hudson M. Jobe, Esq.
         Timothy A. York, Esq.
         Quilling, Selander, Lownds, Winslett & Moser, P.C.
         2001 Bryan Street, Suite 1800
         Dallas, TX 75201
         Tel: (214) 871-2100
         Fax: (214) 871-2111

The Ad Hoc Crosby National Members Committee is represented by:

         Joe E. Marshall, Esq.
         MARSHALL LAW
         735 Plaza Boulevard, Suite 200
         Coppell, TX 75019
         Tel: (972) 393-3900
         E-mail: jmarshall@MarshallLaw.net

                About The Crosby National Golf Club

The Crosby National Golf Club, LLC, commenced a Chapter 11
bankruptcy case (Bankr. N.D. Tex. Case No. 15-41545) in Ft. Worth,
Texas, on April 16, 2015, without stating a reason.  The Crosby
National Golf Club, LLC disclosed $1,478,076 in assets and
$32,996,534 in liabilities as of the Chapter 11 filing.

The Debtor owns and operates the Crosby National Golf Club which is
located within the Crosby Estates at Rancho Santa Fe.  The Golf
Club has been continuously operated as a for-profit, private
eighteen-hole golf course and has been known at all times as the
Crosby National Golf Club. It is a California limited liability
company and its managing member is Escalante - Crosby National
L.P., a Colorado limited partnership.

The case is assigned to Judge Russell F. Nelms.  Hudson M. Jobe,
Esq., and Timothy A. York, Esq., at Quilling, Selander, Lownds,
Winslett & Moser, P.C. represents the Debtor in its restructuring
effort.

The Crosby Estate at Rancho Santa Fe Master Association (The Crosby
HOA) is the master association for the gated residential community
and development located in San Diego County including the Debtor's
golf club, commonly known as The Crosby National Golf Club.  The
Debtor and the Crosby HOA have been engaged in disputes and
resulting litigation pending in the Superior Court, State of
California, County of San Diego, relating to the Debtor's
operations of the Club and various rights and obligations of the
parties under the Development documents and related agreements. It
is represented in the Debtor's case by Joe J. Wielenbinski, Esq.,
Jay H. Ong, Esq. and Thomas D. Berghman, Esq. at Munsch Hardt Kopf
& Harr, P.C. in Dallas, Texas.

Texas Capital holds a valid, perfected, secured Claim against the
Debtor. A minimum aggregate amount of approximately $3.1 million is
owed on the Texas Capital Claim. It is represented by Matthew T.
Ferris, Esq. at Winstead PC in Dallas, Texas.



CROSBY INTERNATIONAL: Files Schedules of Assets and Liabilities
---------------------------------------------------------------
The Crosby National Golf Club, 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            $1,478,076
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $3,100,000
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $10,615
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                       $29,885,919
                                 -----------      -----------
        Total                     $1,478,076      $32,996,534

A copy of the schedules is available for free at

     http://bankrupt.com/misc/CrosbyNational_80_SAL_May28.pdf

              About The Crosby National Golf Club, LLC

The Crosby National Golf Club, LLC, commenced a Chapter 11
bankruptcy case (Bankr. N.D. Tex. Case No. 15-41545) in Ft. Worth,
Texas, on April 16, 2015, without stating a reason.  The Court
transferred the case to the Southern District of California.  The
Crosby National Golf Club, LLC disclosed $1,478,076 in assets and
$32,996,534 in liabilities as of the Chapter 11 filing.

The Debtor owns and operates the Crosby National Golf Club which is
located within the Crosby Estates at Rancho Santa Fe.  The Golf
Club has been continuously operated as a for-profit, private
eighteen-hole golf course and has been known at all times as the
Crosby National Golf Club. It is a California limited liability
company and its managing member is Escalante - Crosby National
L.P., a Colorado limited partnership.

The case is assigned to Judge Russell F. Nelms.  Hudson M. Jobe,
Esq., and Timothy A. York, Esq., at Quilling, Selander, Lownds,
Winslett & Moser, P.C. represents the Debtor in its restructuring
effort.

The Crosby Estate at Rancho Santa Fe Master Association (The Crosby
HOA) is the master association for the gated residential community
and development located in San Diego County including the Debtor's
golf club, commonly known as The Crosby National Golf Club.  The
Debtor and the Crosby HOA have been engaged in disputes and
resulting litigation pending in the Superior Court, State of
California, County of San Diego, relating to the Debtor's
operations of the Club and various rights and obligations of the
parties under the Development documents and related agreements. It
is represented in the Debtor's case by Joe J. Wielenbinski, Esq.,
Jay H. Ong, Esq. and Thomas D. Berghman, Esq. at Munsch Hardt Kopf
& Harr, P.C. in Dallas, Texas.

Texas Capital holds a valid, perfected, secured Claim against the
Debtor. A minimum aggregate amount of approximately $3.1 million is
owed on the Texas Capital Claim. It is represented by Matthew T.
Ferris, Esq. at Winstead PC in Dallas, Texas.


CROSBY INTERNATIONAL: Quiling Selander Approved as General Counsel
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
authorized The Crosby National Golf Club, LLC, to employ Quilling,
Selander, Lownds, Winslett & Moser, P.C., as general counsel.

Quilling Selander is expected to, among other thing:

   (a) furnish legal advice to the Debtor with regard to its
       powers, duties and responsibilities as a debtor-in-
       possession and the continued management of its affairs and
       assets under Chapter 11;

   (b) prepare, for and on behalf of the Debtor, all necessary
       applications, motions, answers, orders, reports and other
       legal papers;

   (c) prepare a disclosure statement and plan of reorganization
       and other services incident thereto;

   (d) investigate and prosecute preference and fraudulent
       transfers actions arising under the avoidance powers of the
       Bankruptcy Code; and

   (e) perform all other legal services for the Debtor which may
       be necessary herein.

Quilling Selander will be paid at these hourly rates:

       Shareholders            $300 - $450
       Associates              $185 - $275
       Paralegals               $75 - $125

Quilling Selander received a retainer from the Debtor of $75,000
for prepetition and post-petition fees and costs.  As of the
Petition Date, Quilling Selander still holds $70,076 as its
retainer.

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

Hudson M. Jobe, shareholder of Quilling Selander, 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.

Quilling Selander can be reached at:

       Hudson M. Jobe, Esq.
       QUILLING, SELANDER, LOWNDS,
       WINSLETT & MOSER, P.C.
       2001 Bryan Street, Suite 1800
       Dallas, TX 75201
       Tel: (214) 871-2100
       Fax: (214) 871-2111
       E-mail: hjobe@qslwm.com

              About The Crosby National Golf Club, LLC

The Crosby National Golf Club, LLC, commenced a Chapter 11
bankruptcy case (Bankr. N.D. Tex. Case No. 15-41545) in Ft. Worth,
Texas, on April 16, 2015, without stating a reason.  The Court
transferred the case to the Southern District of California.  The
Crosby National Golf Club, LLC disclosed $1,478,076 in assets and
$32,996,534 in liabilities as of the Chapter 11 filing.

The Debtor owns and operates the Crosby National Golf Club which is
located within the Crosby Estates at Rancho Santa Fe.  The Golf
Club has been continuously operated as a for-profit, private
eighteen-hole golf course and has been known at all times as the
Crosby National Golf Club. It is a California limited liability
company and its managing member is Escalante - Crosby National
L.P., a Colorado limited partnership.

The case is assigned to Judge Russell F. Nelms.  Hudson M. Jobe,
Esq., and Timothy A. York, Esq., at Quilling, Selander, Lownds,
Winslett & Moser, P.C. represents the Debtor in its restructuring
effort.

The Crosby Estate at Rancho Santa Fe Master Association (The Crosby
HOA) is the master association for the gated residential community
and development located in San Diego County including the Debtor's
golf club, commonly known as The Crosby National Golf Club.  The
Debtor and the Crosby HOA have been engaged in disputes and
resulting litigation pending in the Superior Court, State of
California, County of San Diego, relating to the Debtor's
operations of the Club and various rights and obligations of the
parties under the Development documents and related agreements. It
is represented in the Debtor's case by Joe J. Wielenbinski, Esq.,
Jay H. Ong, Esq. and Thomas D. Berghman, Esq. at Munsch Hardt Kopf
& Harr, P.C. in Dallas, Texas.

Texas Capital holds a valid, perfected, secured Claim against the
Debtor. A minimum aggregate amount of approximately $3.1 million is
owed on the Texas Capital Claim. It is represented by Matthew T.
Ferris, Esq. at Winstead PC in Dallas, Texas.



CROSBY NATIONAL: Ad Hoc Members Committee Taps Marshall as Counsel
------------------------------------------------------------------
Certain active members of the Crosby National Golf Club (the "Ad
Hoc Members Committee") are asking the U.S Bankruptcy Court for the
Northern District of Texas for permission to retain Marshall Law
to represent their interests in connection with the venue dispute.

Joe E. Marshall, Esq., at Marshall Law, told the Court that at it
will seek to have its fees and disbursements paid by the Debtor's
estate pursuant to Section 503(b)(4) of the Bankruptcy Code.

Mr. Marshall can be reached at:

         MARSHALL LAW
         735 Plaza Boulevard, Suite 200
         Coppell, Texas 75019
         Tel: (972) 393-3900
         E-mail: jmarshall@MarshallLaw.net

               About The Crosby National Golf Club

The Crosby National Golf Club, LLC, commenced a Chapter 11
bankruptcy case (Bankr. N.D. Tex. Case No. 15-41545) in Ft. Worth,
Texas, on April 16, 2015, without stating a reason.  The Court
transferred the case to the Southern District of California.  The
Crosby National Golf Club, LLC disclosed $1,478,076 in assets and
$32,996,534 in liabilities as of the Chapter 11 filing.

The Debtor owns and operates the Crosby National Golf Club which is
located within the Crosby Estates at Rancho Santa Fe.  The Golf
Club has been continuously operated as a for-profit, private
eighteen-hole golf course and has been known at all times as the
Crosby National Golf Club. It is a California limited liability
company and its managing member is Escalante - Crosby National
L.P., a Colorado limited partnership.

The case is assigned to Judge Russell F. Nelms.  Hudson M. Jobe,
Esq., and Timothy A. York, Esq., at Quilling, Selander, Lownds,
Winslett & Moser, P.C. represents the Debtor in its restructuring
effort.

The Crosby Estate at Rancho Santa Fe Master Association (The Crosby
HOA) is the master association for the gated residential community
and development located in San Diego County including the Debtor's
golf club, commonly known as The Crosby National Golf Club.  The
Debtor and the Crosby HOA have been engaged in disputes and
resulting litigation pending in the Superior Court, State of
California, County of San Diego, relating to the Debtor's
operations of the Club and various rights and obligations of the
parties under the Development documents and related agreements. It
is represented in the Debtor's case by Joe J. Wielenbinski, Esq.,
Jay H. Ong, Esq. and Thomas D. Berghman, Esq. at Munsch Hardt Kopf
& Harr, P.C. in Dallas, Texas.

Texas Capital holds a valid, perfected, secured Claim against the
Debtor. A minimum aggregate amount of approximately $3.1 million is
owed on the Texas Capital Claim. It is represented by Matthew T.
Ferris, Esq. at Winstead PC in Dallas, Texas.



CW MINING: Partial Summary Judgment in House Ownership Suit Upheld
------------------------------------------------------------------
Judge Tena Campbell of the United States District Court for
District of Utah, Central Division, affirmed a bankruptcy court's
decision granting the motion for partial summary judgment filed by
the trustee for C.W. Mining Company in an adversary proceeding
concerning the ownership of a house known as the "scale house,"
which was located at the mine.

Charles Reynolds appealed the bankruptcy court's decision in an
adversary proceeding concerning ownership of a house known as the
"scale house," which was located at the mine.  Gary E. Jubber, the
Chapter 11 Trustee, claimed that the scale house was part of the
bankruptcy estate because CWM had exclusive control of the entire
mine property, including the scale house.  Mr. Reynolds maintained
that he was the rightful owner of the scale house.  In addition,
Mr. Reynolds filed a counterclaim under the Utah Occupying
Claimants Statute, Utah Code Ann. Section 57-6-1, et seq., seeking
reimbursement for improvements he allegedly made to the scale
house.  The Trustee filed a motion for partial summary judgment in
the adversary proceeding, requesting a declaration that Mr.
Reynolds did not have an ownership interest in the scale house and
seeking dismissal of Mr. Reynolds' counterclaim.  The bankruptcy
court granted the motion on these two issues.

Judge Campbell affirmed the bankruptcy court's decision declaring
that Mr. Reynolds did not have an ownership interest in the scale
house and dismissed the Mr. Reynolds' counterclaim.  The sole issue
on appeal is whether the bankruptcy court was correct when it
dismissed Mr. Reynolds' counterclaim, Mr. Reynolds' ability to
invoke the UOCS necessarily involves a determination of whether he
was a tenant, Judge Campbell noted.  If he was a tenant, he cannot
recover under the UOCS. Utah Code Ann. Section 57-6-4(3), Judge
Campbell said.  Based on a close review of the materials filed by
the parties and the applicable law, the court concludes that the
bankruptcy court correctly held that Mr. Reynolds was a tenant,
which precludes recovery under the UOCS, Judge Campbell held.

The appeals case is CHARLES REYNOLDS, Appellant, v. GARY E. JUBBER,
Chapter 11 Trustee, Appellee, CASE NO. 2:10-CV-00969-TC (D. Utah).

The adversary proceeding is CHARLES REYNOLDS, Appellant, v. GARY E.
JUBBER, Chapter 11 Trustee, Appellee, ADVERSARY PROCEEDING NO.
09-02798 (Bankr., D. Utah).

The bankruptcy case is In re C.W. MINING COMPANY, Debtor,
BANKRUPTCY CASE NO. 08-0105 (Bankr. D. Utah).

A full-text copy of Judge Campbell's Memorandum Decision and Order
dated June 9, 2015, is available at http://is.gd/p8ls1kfrom
Leagle.com.

David R. Williams, Esq. -- dwilliams@wklawpc.com -- and Russell S.
Walker, Esq. -- rwalker@wklawpc.com -- of WOODBURY & KESLER PC
serve as counsel for Appellant Charles Reynolds.
John T. Morgan, Esq. -- T.Morgan@usdoj.gov -- of US Trustee's
Office serves as counsel for Appellee US Trustee.

                    About C.W. Mining Company

C.W. Mining Company ("CWM") was the former owner of a coal mine in
Utah.  Based in Salt Lake City, Utah, C.W. Mining Co. dba Co-Op
Mining Company operated the Bear Canyon Mine in Emery County,
Utah,
under the terms of a lease with C.O.P. Coal Development Company,
which owns the mine.  Aquila Inc., Owell Precast, LLC, and House
of
Pumps, Inc., filed an involuntary Chapter 11 petition (Bankr. D.
Utah Case No. 08-20105) on Jan. 8, 2008.  In November 2008, the
Chapter 11 case was converted to a Chapter 7 liquidation
proceeding.  Kenneth A. Rushton serves as the Chapter 7 Trustee,
and is represented by Brent D. Wride, Esq., at Ray Quinney &
Nebeker, in Salt Lake City.  Gary E. Jubber later substituted Mr.
Rushton as Chapter 7 Trustee.


DISCOVERY LABS: Receives NASDAQ Listing Non-Compliance Notice
-------------------------------------------------------------
Discovery Laboratories, Inc. on July 1 disclosed that, on June 29,
2015, the Company received a letter from The Nasdaq Stock Market
indicating that, because the Company's common stock has not
maintained a minimum closing bid price of $1.00 per share over the
previous 30 consecutive business days, the Company is no longer in
compliance with Nasdaq's Listing Rule 5550(a)(2).  This notice of
noncompliance has no immediate impact on the continued listing or
trading of the Company's common stock on the Nasdaq Capital
Market.

Under the Nasdaq Listing Rules, the Company has 180 calendar days,
or until December 28, 2015, to regain compliance with the Minimum
Bid Price Requirement.  If during the grace period, the Company's
common stock achieves a minimum closing bid price of at least $1.00
per share for a period of at least ten consecutive business days,
the Company will regain compliance with the Minimum Bid Price
Requirement and its common stock will continue to be eligible for
listing on the Nasdaq Capital Market.

If the Company does not achieve compliance with the Minimum Bid
Price Requirement during the grace period, Nasdaq will provide
written notification to the Company that its common stock is
subject to delisting.  However, if on the last day of the grace
period, the Company complies with the market value requirement for
continued listing and all other listing standards for initial
listing on the Nasdaq Capital Market, and indicates its intention
to cure its non-compliance with the Minimum Bid Price Requirement,
the Company may be eligible for an additional grace period through
June 27, 2016.  The Company intends to monitor the closing bid
price of its common stock and, if appropriate, consider available
options potentially to regain compliance with the Minimum Bid Price
Requirement under the Nasdaq Listing Rules.

                      About Discovery Labs

Discovery Laboratories, Inc. is a specialty biotechnology company
focused on developing aerosolized KL4 surfactant therapies for
respiratory diseases.  


ECHELON CORP: Receives NASDAQ Listing Non-Compliance Notice
-----------------------------------------------------------
Echelon Corporation, an independent control networking company for
the Industrial Internet of Things (IIoT), on July 1 disclosed that
it received a letter from NASDAQ that the Company was not in
compliance with NASDAQ Listing Rule 5450(a)(1) because the
Company's common stock failed to maintain a minimum closing bid
price of $1.00 for 30 consecutive business days.  The Company has
until December 22, 2015 to regain compliance.  In the event the
Company does not regain compliance by then, the Company may be
eligible for additional time if at that time it meets the continued
listing requirement for market value of publicly held shares and
all other initial listing standards, with the exception of the bid
price requirement, and provides written notice to NASDAQ of its
intention to cure the deficiency during the second compliance
period, including by effecting a reverse stock split if necessary.
The letter also states that the NASDAQ staff will provide written
notification that the Company has regained compliance if the bid
price of the Company's common stock closes at $1.00 per share or
more for a minimum of 10 consecutive business days.

The NASDAQ notice has no immediate effect on the listing or trading
of Echelon's common stock on the NASDAQ Stock Market.  The Company
intends to actively monitor the bid price for its common stock
between now and December 22, 2015, and will consider available
options to resolve the deficiency and regain compliance with the
minimum bid price requirement.

                    About Echelon Corporation

Echelon Corporation is an independent control networking company
for the Industrial Internet of Things.  Echelon delivers
multi-protocol and multi-media elements necessary to design,
install, monitor and control industrial-strength 'communities of
devices' within the lighting, building automation and Internet of
Things markets worldwide.  The company develops and sells complete
systems and subsystems for target applications, plus
system-on-chips (SoCs), embedded software, and commissioning and
management tools for OEMs.


EMPRESAS OMAJEDE: BPPR Gets More Time to File Amended Claim
-----------------------------------------------------------
U.S. Bankruptcy Judge Enrique Lamoutte has given Banco Popular de
Puerto Rico 21 more days to file an amended claim against Empresas
Omajede, Inc.

The extension will allow the Puerto Rican bank to comply with the
judge's earlier ruling which granted Empresas Omajede's request for
summary judgment on its objection to the claim.

Banco Popular's $3.16 million secured claim stemmed from three
separate loans it acquired from Westernbank.  The claim is secured
by real properties owned by Empresas Omajede, including the
company's main asset La Electronica Building.

Empresas Omajede wanted the amount of the claim reduced by $168,977
and the court order Banco Popular to observe the grace periods for
payment of the loans.

                    About Empresas Omajede

Empresas Omajede, Inc., filed a Chapter 11 petition (Bankr. D.P.R.
Case No. 12-10113) in Old San Juan, Puerto Rico, on Dec. 21, 2012.
Nelson E. Galarza serves as financial advisor.

The Debtor disclosed $16,718,614 in assets and $4,935,883 in
liabilities in its schedules. The Debtor is a Single Asset Real
Estate as defined in 11 U.S.C. Sec. 101(51B) with principal assets
located at La Electronica Building, 1608 Bori St., in San
Juan, Puerto Rico.


EMPRESAS OMAJEDE: Oct. 7 Valuation Hearing on Carraizo Properties
-----------------------------------------------------------------
U.S. Bankruptcy Judge Enrique Lamoutte is set to hold a hearing on
Oct. 7, 2015, to determine the value of Empresas Omajede Inc.'s
real properties.

Empresas Omajede claims that the properties located in Barrio
Carraizo of Trujillo Alto are worth $290,000 based on an appraisal
report prepared by Mr. Carlos E. Gaztambide and Associates.

Banco Popular de Puerto Rico, a secured creditor of the company,
questions the appraisal report, arguing that they should be valued
at $70,000, which is the liquidation value of the properties.

Empresas Omajede proposes to surrender the properties to Banco
Popular under its Chapter 11 reorganization plan.

                    About Empresas Omajede

Empresas Omajede, Inc., filed a Chapter 11 petition (Bankr. D.P.R.
Case No. 12-10113) in Old San Juan, Puerto Rico, on Dec. 21, 2012.
Nelson E. Galarza serves as financial advisor.

The Debtor disclosed $16,718,614 in assets and $4,935,883 in
liabilities in its schedules. The Debtor is a Single Asset Real
Estate as defined in 11 U.S.C. Sec. 101(51B) with principal assets
located at La Electronica Building, 1608 Bori St., in San
Juan, Puerto Rico.


ERG INTERMEDIATE: May Hold Auction for Assets on July 29
--------------------------------------------------------
ERG Intermediate Holdings LLC will hold an auction for most of its
assets on July 29 if it receives offers from potential buyers,
according to court filings.

The auction will take place at the offices of Jones Day, the
Texas-based law firm hired by the company to be its bankruptcy
counsel.

CLMG Corp., the administrative agent for lenders that committed to
provide $17.5 million loan to get ERG through bankruptcy, can
participate at the auction and purchase the assets by use of a
so-called credit bid.

A court hearing to consider the sale of the assets to the winning
bidder is scheduled for August 3.

U.S. Bankruptcy Judge Harlin DeWayne Hale last month approved a
bidding process that allowed the company to solicit offers and sell
its assets to the highest bidder.

The bidding procedures set a July 27 deadline for potential buyers
to make an offer.  

A bid will be considered only if it provides for the purchase of
substantially all of the assets and offers ERG not less than $250
million in cash for those assets.  Bidders are also required to
make a deposit, which is 10 percent of the purchase price to be
paid.

The bidding procedures allow the company to designate a stalking
horse bidder, court filings show.

A copy of Judge Hale's order is available without charge at
http://is.gd/RHswln

Chevron U.S.A. Inc., ERG's largest unsecured creditor,  earlier
filed an objection, saying its claim would be "adversely affected"
by the sale.

Chevron's claim includes royalty interests in oil and gas leases
previously held by the company and sold to ERG., court filings
show.  

The bidding procedures also drew flak from ERG's official committee
of unsecured creditors.  The committee believes the proposed sale
is merely a vehicle to hand over ERG's assets to the lenders.

According to the committee, ERG's decision not to retain investment
bankers who could properly conduct a "robust post-petition
marketing process" is enough proof that the sale process is a
sham.

ERG's attorney defended the sale process, saying the company has
been attempting to sell the assets since 2012.  

"Contrary to the picture that the committee has attempted to paint,
this Chapter 11 is actually the tail end of a very long sale
process...not the beginning," said Tom Howley, Esq., at Jones Day,
in Houston, Texas.

Mr. Howley also pointed out that the sale process is being run by
the company's chief financial officer who is being assisted by AP
Services LLC.

                        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.


FLEX FINANCIAL: Suit vs. Insurers To Proceed to Jury Trial
----------------------------------------------------------
Judge Dale L. Somers of the United States Bankruptcy Court for
District of Kansas denied Flex Financial Holding Company's motion
to reconsider a memorandum opinion and order rejecting its motion
to strike a demand for jury trial in a lawsuit involving insurance
coverage.

Flex filed an adversary proceeding against OneBeacon Insurance
Group LLC and Atlantic Specialty Insurance Company on September 3,
2014, "to determine and resolve the rights and obligations of the
parties under the contract of insurance issued by Defendant One
Beacon Insurance Group LLC and its member company Atlantic
Specialty Insurance Company to Debtor/Plaintiff related to damage
to property owned by Debtor/Plaintiff."  By Memorandum Opinion and
Order Rejecting Plaintiff's Motion to Strike Defendants' Demand for
Jury Trial filed on April 13, 2015, the Court found that the
Defendants have a constitutional right to trial by jury in the
action.

Judge Somers denied the Plaintiff's motion to reconsider holding
that the allegations of the Complaint include contract construction
issues triable to a court and factual issues concerning the cause
and amount of loss triable to a jury.

The adversary proceeding is FLEX FINANCIAL HOLDING COMPANY,
Plaintiff, v. ONEBEACON INSURANCE GROUP LLC and ATLANTIC SPECIALTY
INSURANCE COMPANY, Defendants, ADV. NO. 14-06070 (Bankr. D. Ks.).

The bankruptcy case is In Re: FLEX FINANCIAL HOLDING COMPANY,
Chapter 11, Debtor, CASE NO. 13-21483 (Bankr. D. Ks.).

A full-text of Judge Somers' Amended Memorandum Opinion and Order
dated June 9, 2015, is available at http://is.gd/fEnYMHfrom
Leagle.com.

Flex Financial Holding Company, based in Merriam, Kansas, filed
for
Chapter 11 bankruptcy (Bankr. D. Kan. Case No. 13-21483) on June
10, 2013.  Judge Dale L. Somers presides over the case.  Jonathan
A. Margolies, Esq., at McDowell Rice Smith & Buchanan, serves as
the Debtor's counsel.  Flex estimated $1 million to $10 million in
both assets and liabilities.  A list of the Company's 20 largest
unsecured creditors, filed together with the petition, is
available
for free at http://bankrupt.com/misc/ksb13-21483.pdf The petition

was signed by Wade C. Ferguson, CEO.


GAS-MART USA: Files for Chapter 11 to Stop Jumpin' Jimmy's Sale
---------------------------------------------------------------
Gas-Mart USA, Inc., and Aving-Rice, LLC, owners of 42 gasoline
station/conveniences stores in Iowa, Illinois, Indiana, Nebraska,
and Wisconsin, have sought bankruptcy protection to stop Silver
Point Capital from commencing foreclosure on Aving-Rice's Jumpin'
Jimmy's stores.

After completing its first store in 1996, Gas-Mart grew to seven
stores in and around Kansas City by 2003.  In early 2004, the
Gas-Mart acquired 28 sites from Phillips located in three states
(Illinois, Wisconsin and Indiana).  In 2005, it added one location
in Kansas City.  In 2006, it added seven additional stores in Iowa
and Nebraska.  Gas-Mart continued its growth in 2012 with the
acquisition of 41 locations in Southern Illinois for over $13
million through a newly established entity, Aving-Rice, continuing
the use of the trade name "Jumpin' Jimmy's."  In 2012, Gas-Mart
added two Kansas Turnpike locations, pursuant to agreements with
the Kansas Turnpike Authority, and managed for Phillips an
additional 36 stores located in Kansas and Missouri, bringing the
Debtors' total store count to 108.

The Aving-Rice transaction was financed through St. John's Bank and
SNC JJ Holdings, LLC, an affiliate of Silver Point Capital for
about $7 million and $6 million, respectively.  Seven of the
Jumpin' Jimmy's locations subsequently were sold.

The Debtors currently have more than 300 employees, and more than
700 creditors. Gross revenues for the Debtors in 2014 were more
than $338 million, but after the TA sale, projected gross revenues
for 2015 are about $200 million.  The Debtors have total alleged
secured claims of about $25 million, more than $9 million in
priority claims, and unsecured non-priority claims over $12
million.

From the beginning until his departure in April 2015, Jim George
ran the day to day operations of the Debtors.  John Tittle, Jr.,
later took over as CEO effective April 9, 2015.

                           Equity Owners

The George family combined with members of the Gustin family,
including one of the founders of Applebee's International, Inc.,
Abe Gustin, to develop the Debtors' chain of C-Stores by completing
construction of its first store in 1996.

Sometime prior to Mr. Gustin's death, the George and Gustin
families entered into a buy-sell agreement relative to the shares
of stock of Gas-Mart.  A value of $1.275 million was established as
part of the buy-sell agreement for each of the holdings of the
George and Gustin families.  Shortly after the death of Mr. Gustin
in 2010, the Gustin Family brought litigation against Gas-Mart and
the George Family in 2011 claiming that the buy-sell agreement was
not valid and demanding payment for their stock in excess of the
$1.275 million figure as set out in the document.  This litigation
has morphed and expanded over the years to include G&G and has
escalated to the point that the Gustin family has recently sought
$28 million for their interest.

At present, David George and Michael George collectively own or
control more than a 20% ownership interest in each of the Debtors.
The other equity owners in Gas-Mart, Fran and G&G are members of
the family of Abe Gustin.  The other equity owner of Aving-Rice is
the GSN Irrevocable Trust under the control of a third party
investor.

                         Highly-Leveraged

After the acquisitions in 2012, the Debtors were highly-leveraged
and had great difficulty in servicing their debts.  This led to a
variety of challenges in paying all of Debtors' obligations in the
ordinary course of business.  The first major challenge was timely
payment of fuel and sales taxes to the Illinois Department of
Revenue ("IDOR") starting in late 2012 of over $2.5 million.

A further challenge arose in January 2014 when the Debtors
overdrafted their accounts with UMB Bank, N.A., in the aggregate
amount of about $7.8 million and in July 2014 with Wells Fargo Bank
National Association in the aggregate amount of about $5 million.
This led to Debtors entering various loan documents with UMB and
Wells Fargo granting liens on various assets.

The overdraft position with Wells Fargo also resulted in their
entry into a forbearance agreement.  The terms of the forbearance
agreement were very draconian and provided for, among other things,
the retention of a third party financial advisor "to assist
Gas-Mart in the sale of its assets and/or the refinance of the
company's secured debt."  The Debtors engaged Tittle Advisory
Group, Inc., as advisor from October 2014 until April 2015.  Mr.
John Tittle, who is the CEO of TAG, was named CEO of the Debtors
after the TAG engagement was terminated.

At the time of TAG's retention, the financial condition of the
Debtors was very negative.  Among other things:

  -- a number of the stores were (and are currently)
underperforming;

  -- the acquisition of the Jumpin' Jimmy's stores had not gone
well, and in fact, Aving-Rice was and is in litigation with Silver
Point Capital; and

  -- the operations of the Company's stores declined, further
exacerbating the cash flow and liquidity problems in 2013 and
2014.

During August, 2014, the IDOR issued a levy on Gas-Mart that, when
coupled with the above factors, created a "perfect storm," which
had devastating effects.

By the end of January 2015, the Debtors had entered into letters of
intent, or purchase and sale agreements, involving the following:

  (i) A sale of the Debtors' 19 Kansas City locations to
TravelCenters of America (the "TA Sale");

(ii) A sale of two locations in Council Bluffs, IA to Buck's (the
"Buck's Sales"); and

(iii) A sale/leaseback of 11 locations to Spirit Realty (the
"Spirit Sale/Leaseback").

The Spirit Sale/Leaseback, in the amount of $13.7 million, would
have allowed, among other things, the satisfaction in full of the
Debtors' projected indebtedness to the IDOR.  But, in February
2015, Spirit Realty elected not to pursue with the transaction
after deciding to move away from the gasoline station/convenience
store industry.

The sale closed on April 30, 2015.  All of the proceeds of the TA
Sale were used to pay taxes and debt that was associated with the
properties being sold.  The Sun Life indebtedness was further
reduced by approximately $2 million on May 6, 2015 through the sale
of the office building owned by G&G.  During June 2015, UMB was
paid $500,000 and Sun Life $3.8 million as a result of the Buck's
sales.  As with the TA Sale, the Buck's Sales as well as the G&G
sale transaction (involving the Gas-Mart headquarters building)
were at or near current appraised value.

                        Chapter 11 Filing

The Debtors significantly de-leveraged their balance sheet through
the sale process.  As of the Petition Date, Gas-Mart owes
approximately $11.4 million to its lenders, including a $1.25
million prepayment amount to Sun Life, about $34 million less than
prior to the start of the Sale Process.  Also as of the Petition
Date, Aving-Rice owes St. John's $5.8 million, composed of a term
loan with a balance of about $2.4 million and a principal amount of
about $3.4 million on a matured line of credit.  The amount due
Silver Point, currently in dispute, is carried on the books and
records of Aving-Rice at $5.8 million with Silver Point alleging
that the actual liability is $8 million.

Mr. Tittle says that since his appointment as CEO on April 9, 2015,
he has had to deal with the following road blocks that are impeding
progress and jeopardizing the very viability of the Debtors:

  (i) The loss of income (estimated at $150,000 per month per
store) relating to the Turnpike Stores due to the confiscation
without required notice of these locations by the KTA in February
2015;

(ii) The burden of attempting to make installment payments on the
approximate $7 million debt to the IDOR, for sales and fuel taxes,
while continuing to remain current with IDOR on a prospective
basis.  Gas-Mart disputes the $7 million amount but the IDOR is
threatening legal action with the result that Gas-Mart and Aving
Rice could lose their ability to conduct business in the State of
Illinois.  This would be disastrous to the Debtors who have over
70% of the C-Stores located in Illinois;

(iii) The inability to buy sufficient quantities of groceries and
inside merchandise items for the C-Stores due to the Debtors'
grocery supplier, Farner-Bocken, not providing inventory since
March 2015 with the Debtors scrambling to fill the stores with
replacement vendors on a cash-in-advance basis;

(iv) The expensive and time-consuming litigation involving the
Gustin family; and

  (v) The impending judicial foreclosure by Silver Point on the
locations that they financed for Aving-Rice as a result of the
Silver Point Litigation.

Aving-Rice has been in litigation in Illinois for some time with
regard to the debt on certain stores with Silver Point demanding
payment on this debt and Aving-Rice asserting that Silver Point
made serious misrepresentations in connection with the sale of
these stores to Aving-Rice.  Due to problems with the stores,
including the necessity of pulling the gasoline tanks in certain
locations resulting in the loss of the ability to sell fuel, and
accounts receivable purchased by Aving-Rice in the transaction that
proved to be worthless, Aving-Rice refused to make any further
payments on the Silver Point debt unless it received an adjustment
to the purchase price.  Silver Point dismissed the overtures of
Aving-Rice and instituted litigation in state court in Effingham,
IL to collect the debt and foreclose on the stores.

Earlier this year, the Effingham Court ruled that Silver Point
could enforce its liens and begin to foreclose on the stores in
question.  Aving-Rice filed a motion in the Effingham Court for the
judge to reconsider his ruling.  On June 24, 2015, an order was
entered denying the motion to reconsider and appointing a selling
officer.  It is estimated that the sale will be published for three
weeks with the properties likely going to sale in the middle of
July.  The Chapter 11 cases were filed to ensure that the sale of
the aforementioned properties would be stayed.

                         First Day Motions

To enable the Debtors to minimize the adverse effects of the
commencement of the Chapter 11 cases on their business, thereby
preserving and maximizing the value of their estates, the Debtors
have requested various types of relief in the "first day" pleadings
and applications.

The Debtors are seeking court approval to:

  -- use cash collateral;
  -- jointly administer their Chapter 11 cases;
  -- maintain their bank accounts;
  -- hire Stinson Leonard Street LLP as attorneys;
  -- hire Polsinelli PC as special counsel;
  -- hire Brown & Ruprecht, PC as conflicts counsel;
  -- pay prepetition wages and benefits;
  -- hire Frank Wendt as special conflicts counsel;
  -- establish procedures to handle reclamation claims;
  -- set procedures for compensation of professionals;
  -- prohibit utility companies from discontinuing services;
  -- reject certain unexpired leases;
  -- pay prepetition tax liability;
  -- pay claims of critical vendors Citgo Petroleum Corp;
  -- extend the time to file schedules and statements; and
  -- employ professionals in the ordinary course.

A copy of the CEO's declaration in support of the first day
pleadings is available for free at:

    http://bankrupt.com/misc/Gas-Mart_1st_Day_Affidavit.pdf

                          About Gas-Mart

Gas-Mart USA, Inc., Aving-Rice, LLC, Fran Transport & Oil Company,
and G&G Enterprises, LLC, sought Chapter 11 bankruptcy protection
(Bankr. W.D. Mo. Lead Case No. 15-41915) in Kansas City, Missouri,
on July 2, 2015.

Gas-Mart and Aving-Rice own and operate gasoline
station/conveniences stores ("C-Stores").  With locations in Iowa,
Illinois, Indiana, Nebraska, and Wisconsin, Gas-Mart and Aving-Rice
operate 22 and 20 stores, respectively, as of the Petition Date.
G&G owns and leases ATM's to the 42 Gas-Mart and Aving-Rice
locations as well as certain ConocoPhillips locations in the
greater Kansas City Area.  Fran is a fuel hauling business located
in and serving Kansas City.

Judge Arthur B. Federman presides over the Chapter 11 cases.

The Debtors tapped Stinson Leonard Street LLP as attorneys;
Polsinelli PC as special counsel; Brown & Ruprecht, PC as conflicts
counsel; and Frank Wendt as special conflicts counsel.

The Debtors' Chapter 11 plan and disclosure statement are due Oct.
30, 2015.


GAS-MART USA: Proposes to Pay CITGO's $1.12 Million Claim
---------------------------------------------------------
Gas-Mart USA, Inc., and its affiliated debtors ask the U.S.
Bankruptcy Court for the Western District of Missouri for approval
to pay the prepetition claims of critical vendor CITGO Petroleum
Corporation.

Paul M. Hoffmann, Esq., at Stinson Leonard Street LLP, explains
that the Debtors' main source of revenue comes from the sale of
fuel and inventory at their C-Store locations.  It is critical that
the Debtors' C-Stores maintain a sufficient supply of fuel so that
customers can purchase fuel and other inventory from the C-Stores.
For this reason, the ability to purchase fuel is critical to the
continued operation of the Debtors' businesses.

The Debtors have identified CITGO as critical to their ability to
continue ongoing business operations and reorganize.

CITGO and Phillips 66 are the primary fuel suppliers used by the
Debtors in the operation of their business. Because of branding
agreement and other contractual agreements between the parties,
these suppliers cannot be replaced on short notice.  Both CITGO and
Phillips 66 hold estimated prepetition claims of more than $1
million.

Phillips 66 recently stopped delivering fuel to the Debtors due to
unpaid invoices, but has proposed to provide fuel to the Debtors
under a potential consignment arrangement that avoids the necessity
of Phillips 66 providing postpetition credit to the Debtors. As a
consequence, the Debtors are not seeking authorization to pay any
prepetition claims of Phillips 66 at this time.

CITGO delivers fuel to the Debtors on credit; payments for the fuel
are due within 10 days of receipt.  Accordingly, CITGO remains
unpaid for fuel delivered in the 10 days prior to the Petition
Date.  CITGO's claim is secured by a $1.5 million bond and it will
not deliver future fuel to the Debtors on 10-day payment terms
without the continued maintenance of the bond.  Thus, the Debtors
must pay CITGO's claim for fuel previously delivered in order to
continue receiving a supply of fuel for their C-Stores.

Mr. Hoffmann avers that if payments are not made to CITGO, the
Debtors will be unable to acquire fuel from CITGO, the Debtors will
lack the supply of fuel to be operational, and the Debtors could be
forced to shut down business operations.

The Debtors seek the authority, but not the obligation, to pay to
CITGO the prepetition amount of $1,123,911.  In this regard, the
Debtors note that this amount will be collected by the Debtors from
fuel sales, so the net effect on the Debtors' cash flow is
neutral.

                          About Gas-Mart

Gas-Mart USA, Inc., Aving-Rice, LLC, Fran Transport & Oil Company,
and G&G Enterprises, LLC, sought Chapter 11 bankruptcy protection
(Bankr. W.D. Mo. Lead Case No. 15-41915) in Kansas City, Missouri,
on July 2, 2015.

Gas-Mart and Aving-Rice own and operate gasoline
station/conveniences stores ("C-Stores").  With locations in Iowa,
Illinois, Indiana, Nebraska, and Wisconsin, Gas-Mart and Aving-Rice
operate 22 and 20 stores, respectively, as of the Petition Date.
G&G owns and leases ATM's to the 42 Gas-Mart and Aving-Rice
locations as well as certain ConocoPhillips locations in the
greater Kansas City Area.  Fran is a fuel hauling business located
in and serving Kansas City.

Judge Arthur B. Federman presides over the Chapter 11 cases.

The Debtors tapped Stinson Leonard Street LLP as attorneys;
Polsinelli PC as special counsel; Brown & Ruprecht, PC as conflicts
counsel; and Frank Wendt as special conflicts counsel.

The Debtors' Chapter 11 plan and disclosure statement are due Oct.
30, 2015.

Gas-Mart estimated $10 million to $50 million in assets and debt.


GAS-MART USA: Seeks 30-Day Extension to File Schedules
------------------------------------------------------
Gas-Mart USA, Inc., and its affiliated debtors ask the U.S.
Bankruptcy Court for the Western District of Missouri to grant an
additional 30-day extension to assemble and accurately detail all
of the Debtors' assets and liabilities, and prepare the statements
of financial affairs.

Paul M. Hoffmann, Esq., at Stinson Leonard Street LLP, explains
that the Debtors, collectively, have more than 700 creditors,
employees, utility providers, and taxing authorities, and
appropriate review of the related leases, assets, records, and
financial lists, to Schedules and a Statement of Financial Affairs
will take more time than has been available so far. The
circumstances surrounding the Debtors' bankruptcy filings require
the Debtors to seek additional time to prepare and make the
disclosures required by the bankruptcy schedules and statement of
financial affairs.

                          About Gas-Mart

Gas-Mart USA, Inc., Aving-Rice, LLC, Fran Transport & Oil Company,
and G&G Enterprises, LLC, sought Chapter 11 bankruptcy protection
(Bankr. W.D. Mo. Lead Case No. 15-41915) in Kansas City, Missouri,
on July 2, 2015.

Gas-Mart and Aving-Rice own and operate gasoline
station/conveniences stores ("C-Stores").  With locations in Iowa,
Illinois, Indiana, Nebraska, and Wisconsin, Gas-Mart and Aving-Rice
operate 22 and 20 stores, respectively, as of the Petition Date.
G&G owns and leases ATM's to the 42 Gas-Mart and Aving-Rice
locations as well as certain ConocoPhillips locations in the
greater Kansas City Area.  Fran is a fuel hauling business located
in and serving Kansas City.

Judge Arthur B. Federman presides over the Chapter 11 cases.

The Debtors tapped Stinson Leonard Street LLP as attorneys;
Polsinelli PC as special counsel; Brown & Ruprecht, PC as conflicts
counsel; and Frank Wendt as special conflicts counsel.

The Debtors' Chapter 11 plan and disclosure statement are due Oct.
30, 2015.

Gas-Mart estimated $10 million to $50 million in assets and debt.


GAS-MART USA: Wants to Reject Leases Entered Into in 2004
---------------------------------------------------------
Gas-Mart USA, Inc., and its affiliated debtors ask the U.S.
Bankruptcy Court for the Western District of Missouri to reject
certain real property leases entered into in 2004.

As a result of the age of the leases, as well the turbulent real
estate market, the Debtor has determined that the leases,
particularly the rent required (together with automatic increases
contained therein), are now cost prohibitive.

As part of Debtors' pre-bankruptcy attempts to reorganize, the
Debtors tested the market for the leased locations in an attempt to
sublease or otherwise assign these Leases to other operators.
However, the Debtors determined that the potential assignees would
only be willing to assume a fraction of the Leases leaving the
Debtors with significant liability.  Moreover, two of the locations
at issue involve properties surrounded by stiff competition. At the
same time there are planned road and street improvements that may
subject those locations to partial or total taking by the end of
this year through eminent domain as asserted by the applicable
governmental agencies.

A schedule of the rejected leases are available for free at:

    http://bankrupt.com/misc/Gas-Mart_Rejected_Leases.pdf

                          About Gas-Mart

Gas-Mart USA, Inc., Aving-Rice, LLC, Fran Transport & Oil Company,
and G&G Enterprises, LLC, sought Chapter 11 bankruptcy protection
(Bankr. W.D. Mo. Lead Case No. 15-41915) in Kansas City, Missouri,
on July 2, 2015.

Gas-Mart and Aving-Rice own and operate gasoline
station/conveniences stores ("C-Stores").  With locations in Iowa,
Illinois, Indiana, Nebraska, and Wisconsin, Gas-Mart and Aving-Rice
operate 22 and 20 stores, respectively, as of the Petition Date.
G&G owns and leases ATM's to the 42 Gas-Mart and Aving-Rice
locations as well as certain ConocoPhillips locations in the
greater Kansas City Area.  Fran is a fuel hauling business located
in and serving Kansas City.

Judge Arthur B. Federman presides over the Chapter 11 cases.

The Debtors tapped Stinson Leonard Street LLP as attorneys;
Polsinelli PC as special counsel; Brown & Ruprecht, PC as conflicts
counsel; and Frank Wendt as special conflicts counsel.

The Debtors' Chapter 11 plan and disclosure statement are due Oct.
30, 2015.

Gas-Mart estimated $10 million to $50 million in assets and debt.


HNO GREEN: Creditors Have Until Aug. 24 to File Proofs of Claim
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
established Aug. 24, 2015, as the deadline for any individual or
entity to file proofs of claim against HNO Green Fuels, Inc.

The Aug. 24, 2015 bar date is also for claims (i) of governmental
units; (ii) arising from the rejection of executory contracts or
unexpired leases; and (iii) arising from the avoidance of a
transfer under Chapter 5 of the Bankruptcy Code.

HNO Green Fuels, Inc., sought Chapter 11 protection (Bankr. C.D.
Cal. Case No. 15-14946) in Riverside, California, on May 16, 2015.
The Debtor disclosed $75,119,500 in assets and $122,618 in
liabilities as of the Chapter 11 filing.  The Debtor tapped Levene,
Neale, Bender, Yoo & Brill L.L.P, as counsel.  Judge Mark D. Houle
presides over the case.



HNO GREEN: Files Schedules of Assets and Liabilities
----------------------------------------------------
HNO Green Fuels, Inc., filed with the U.S. Bankruptcy Court for the
Central District of California amended its schedule of personal
property (Schedule B) in its schedules of assets and liabilities.
Items listed in Schedule B now total $75,125,500.  A copy of the
document is available for free at:

    http://bankrupt.com/misc/HNOGreen_26_amendedSAL.pdf

In the previous iteration of the schedules, the Debtor disclosed:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $75,119,500
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                        $0
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                          $122,618
                                 -----------      -----------
        Total                    $75,119,500         $122,618

A copy of the Schedules are available for free at

    http://bankrupt.com/misc/HNOGreen_17_SAL_June1.pdf

HNO Green Fuels, Inc., sought Chapter 11 protection (Bankr. C.D.
Cal. Case No. 15-14946) in Riverside, California, on May 16, 2015.
The Debtor estimated $50 million to $100 million in assets and $1
million to $10 million in debt.  The Debtor tapped Levene, Neale,
Bender, Yoo & Brill L.L.P, as counsel.  Judge Mark D. Houle
presides over the case.



HORNED DORSET: Hires Garcia-Arregui as Attorneys
------------------------------------------------
The Horned Dorset Primavera Inc. seeks authorization from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ
Garcia-Arregui & Fullana PSC as attorneys.

The Debtor requires Garcia-Arregui to:

   (a) advise the Debtor with respect to its duties, powers, and
       responsibilities in this case under the laws of the United
       States and Puerto Rico in which the debtor in possession
       conducts its operations, do business, or is involved in
       litigation;

   (b) advise Debtor in possession with the determination whether
       reorganization is feasible and, if not helping debtor in
       the orderly liquidation of its assets;

   (c) assist the Debtor with respect to negotiations with
       creditors for the purpose of arranging the orderly
       liquidation of assets and for proposing a viable plan of
       reorganization;

   (d) prepare on behalf of the Debtor the necessary complains
       answer, order, reports memoranda of law under, or any other

       legal document;

   (e) appear before the bankruptcy court, or any other court in
       which the Debtor asserts a claim interest or defense
       directly or indirectly related to this bankruptcy case;

   (f) perform other legal services for Debtor as may be required
       in these proceedings or in connection with the operation
       of/and involvement with the Debtor's business, including
       but not limited to notary services.

Garcia-Arregui will be paid at these hourly rates:

       Isabel M. Fullana, Partner          $250
       Associates                          $100-$150
       Paralegal                           $90

Garcia-Arregui received a $20,000 retainer plus $1,717 filing fee
which was paid by the Debtor.

Isabel M. Fullana, partner of Garcia-Arregui, 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.

Garcia-Arregui can be reached at:

       Isabel M. Fullana, Esq.
       GARCIA-ARREGUI & FULLANA PSC
       252 Ponce de Leon Ave., Suite 1101
       Hato Rey 00918
       Tel: (787) 766-2530
       Fax: (787) 756-7800
       E-mail: isabelfullana@gmail.com

                   About The Horned Dorset Primavera

The Horned Dorset Primavera Inc. operates the Horned Dorset
Primavera, a small luxury hotel located in northwestern Puerto
Rico, two miles from the town of Rincon.  The hotel --
http://www.horneddorset.net/-- is set among rolling hills at  
the edge of the beautiful Caribbean Sea and is known for
reserved European service executed in an atmosphere unique in
Puerto Rico and the award-winning Restaurant Aaron.  The hotel
is a member of Relais & Chateaux.

The Horned Dorset Primavera Inc. commenced a Chapter 11 bankruptcy
case (Bankr. D.P.R. Case No. 15-03837) in Old San Juan, Puerto Rico
on May 22, 2015.

According to the docket, the Debtor's Chapter 11 plan is due Nov.
18, 2015.

The Debtor has tapped Isabel M Fullana, Esq., at Garcia Arregui &
Fullana PSC, as counsel.


JW RESOURCES: Proposes Energy Ventures as Sale Advisor
------------------------------------------------------
JW Resources Inc. and its debtor-subsidiaries are asking the U.S.
Bankruptcy Court for the Eastern District of Kentucky for authority
to employ Energy Ventures Analysis, Inc., as sale advisor, nunc pro
tunc as of the Petition Date.

Pursuant to an Engagement Agreement, Energy Ventures Analysis has
agreed to perform these services for the Debtors:

   -- Assist the Debtors and their professionals to design and
implement a process for the sale of the Debtors' assets;

   -- Prepare materials used to identify potential parties with
interest in reviewing sale documents;

   -- Prepare confidential information memorandum or its equivalent
with support of the Debtors to provide to interested parties;

   -- Establish a sale process and schedule;

   -- Manage the creation of a data room for prospective purchasers
in coordination with the Debtors;

   -- Initiate contact and communicate with potential purchasers;

   -- In consultation with the Debtors and at the direction of the
Debtors, initiate contacts with other key parties;

   -- Arrange for tours of the Debtors' operations and assets;

   -- Manage the production of supplemental data requests;

   -- Review initial and final bids for the Debtors' assets;

   -- Make sale recommendations;

   -- Negotiate sale and purchase agreements with support of the
Debtors and their professionals;

   -- Conduct an auction of the sale of the Debtors' assets; and

   -- Testify at any hearings before this Court on the sale process
and any proposed sale of the Debtors' assets.

Subject to court approval under Section 328 of the Bankruptcy Code,
it is contemplated that EVA will seek compensation on a fixed
monthly fee and will seek reimbursement of necessary and reasonable
out-of-pocket expenses in accordance with the applicable provisions
of the Bankruptcy Code, the Bankruptcy Rules, the United States
Trustee Guidelines for the Eastern District of Kentucky, the Local
Rules for the United States
Bankruptcy Court for the Eastern District of Kentucky, and all
orders of the Court.

The Debtors will compensate EVA as follows:

    * $25,000 per month; plus

    * $200,000 from the cash proceeds received by the Debtors upon
the consummation of a sale of substantially all of the assets of
the Debtors; plus

    * 10% of the cash consideration received by the Debtors in
excess of $12 million from the sale of substantially all of the
assets of the Debtors; plus

    * 5% of the cash consideration received by the Debtors in
excess of $12 million if all reclamation matters are satisfactorily
resolved for the Debtors and all reclamation liabilities are
assumed by a buyer of the Debtors' assets, all of the Debtors'
permits are transferred to a buyer and all of the
Debtors' related bonds and collateral are released.

The Debtors' senior secured lenders, GB Credit Partners, LLC and
Bayside JW Resources, LLC, have given their consent that payment of
the $200,000 Commission will be made from the proceeds of a sale of
substantially all of the Debtors' assets.

In preparing for the Debtors' Chapter 11 cases, EVA has worked with
the Debtors and become familiar with the Debtors' business affairs,
assets, and many of the potential financial and economic issues
that may arise in connection with the Chapter 11 cases.  EVA has
also acquired knowledge of the Debtors' businesses, financial
affairs and capital structure.

As of the Petition Date, EVA has no accrued or unpaid fees or
expenses owing by the Debtors.

Based upon the declaration of Emily S. Medine, the Debtors believe
that EVA does not hold or represent any interest adverse to the
Debtors, and that EVA is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code as modified by
Section 1107(b) of the Bankruptcy Code.

                        About JW Resources

JW Resources Inc. and its subsidiaries are U.S. producers of
thermal coal with mineral reserves, mining operations and coal
properties located in the Central Appalachian ("CAPP") regions of
Kentucky.  JW acquired the thermal coal mining operations of
Xinergy in eastern Kentucky for $47.2 million in February 2013.
JW's business operations comprise what is known as the "Straight
Creek" operations located in Bell, Leslie and Harlan Counties,
Kentucky, and the "Red Bird" operations located in Bell, Leslie,
Knox, and Clay Counties, Kentucky.  JW Resources is the parent and
sole shareholder of SCRB Properties, Inc., Straight Creek Coal
Mining, Inc. and SCRB Processing, Inc.

JW Resources and its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Lead Case No. 15-60831) in London,
Kentucky on June 30, 2015.

The Debtors tapped Frost Brown Todd LLC as counsel, and Energy
Ventures Analysis, Inc., as sale advisor.

JW Resources estimated $1 million to $10 million in assets and $50
million to $100 million in debt.  Straight Creek estimated $10
million to $50 million in assets and $50 million to $100 million in
debt.

                           *     *     *

The Debtors filed a motion for an order (i) allowing the Debtors to
notice the first day motions in the Chapter 11 cases to be heard in
the Lexington Division as opposed to the London Division, and (ii)
scheduling a final hearing to consider allowing all subsequent
motions to be heard in the Lexington Division.


JW RESOURCES: Taps Frost Brown Todd as Bankruptcy Counsel
---------------------------------------------------------
JW Resources Inc. and its debtor-subsidiaries are asking the U.S.
Bankruptcy Court for the Eastern District of Kentucky to employ
Frost Brown Todd LLC as bankruptcy counsel, nunc pro tunc as of the
Petition Date.

Frost Brown's services are necessary to enable and assist the
Debtors in performing its duties as Debtors and
Debtors-in-Possession relating to the day-to-day operations of the
companies as well as all bankruptcy specific matters.

In preparing for the Chapter 11 cases, Frost Brown has become
familiar with the Debtors' business affairs and many of the
potential legal issues that may arise in connection with these
chapter 11 cases.  Frost Brown has also acquired knowledge of the
Debtors’ businesses, financial affairs and capital structure.

Frost Brown has served as counsel to debtors and creditors in
various bankruptcy cases.

The hourly rates of the firm's professionals are:

         Name                   Designation     Hourly Rate
         ----                   -----------     ------------
         Ronald E. Gold         Member             $575
         Douglas L. Lutz        Member             $560
         Paige L. Ellerman      Member             $495
         Warren J. Hoffmann     Member             $465
         Wade H. Jefferson, IV  Member             $430
         Morgan Adams           Associate          $200
         Katie Klaeren          Associate          $255
         Rudy Bublitz           Paralegal          $130
         Shelby Bryant          Paralegal          $155

Frost Brown received a general retainer from the Debtors in the
aggregate amount of $300,000, which was received on various dates
during June 2015.

Based upon the declaration of Wade H. Jefferson, IV, Esq., the
Debtors believe that Frost Brown's members, counsel and associates
do not hold or represent any interest adverse to the Debtors, and
that Frost Brown and each of its members, counsel and associates is
a "disinterested person" within the meaning of Section 101(14) of
the Bankruptcy Code as modified by Section 1107(b) of the
Bankruptcy Code.

                        About JW Resources

JW Resources Inc. and its subsidiaries are U.S. producers of
thermal coal with mineral reserves, mining operations and coal
properties located in the Central Appalachian ("CAPP") regions of
Kentucky.  JW acquired the thermal coal mining operations of
Xinergy in eastern Kentucky for $47.2 million in February 2013.
JW's business operations comprise what is known as the "Straight
Creek" operations located in Bell, Leslie and Harlan Counties,
Kentucky, and the "Red Bird" operations located in Bell, Leslie,
Knox, and Clay Counties, Kentucky.  JW Resources is the parent and
sole shareholder of SCRB Properties, Inc., Straight Creek Coal
Mining, Inc. and SCRB Processing, Inc.

JW Resources and its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Lead Case No. 15-60831) in London,
Kentucky on June 30, 2015.

The Debtors tapped Frost Brown Todd LLC as counsel, and Energy
Ventures Analysis, Inc., as sale advisor.

JW Resources estimated $1 million to $10 million in assets and $50
million to $100 million in debt.  Straight Creek estimated $10
million to $50 million in assets and $50 million to $100 million in
debt.

                           *     *     *

The Debtors filed a motion for an order (i) allowing the Debtors to
notice the first day motions in the Chapter 11 cases to be heard in
the Lexington Division as opposed to the London Division, and (ii)
scheduling a final hearing to consider allowing all subsequent
motions to be heard in the Lexington Division.


LAKELAND DEVELOPMENT: Jason M. Rund Appointed Ch. 11 Trustee
------------------------------------------------------------
Peter C. Anderson, the Unites States Trustee for Region 16,
appointed Jason M. Rund as Chapter 11 Trustee for Lakeland
Development Company, following the order issued by Judge Richard M.
Neiter of the U.S. Bankruptcy Court for the Central District of
California.

The U.S. Trustee told the Court that to the best of his knowledge,
the Chapter 11 Trustee has no connections with the Debtor,
creditors, any other parties-in-interest, their attorneys and
accountants, the U.S. Trustee, and persons employed in the Office
of the United States Trustee.

Judge Neiter, accordingly, approved Mr. Rund's appointment as
Chapter 11 Trustee and fixed the Chapter 11 Trustee's individual
bond at $460,906.

The U.S. Trustee is represented by:

          Kelley L. Morrison, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          915 Wilshire Boulevard, Suite 1850
          Los Angeles, CA 90017
          Telephone: (213)894-2656
          Facsimile: (213)894-2603
          Email: Kelley.L.Morrison@usdoj.gov
        
                About Lakeland Development

Santa Fe Springs, California-based Lakeland Development Company
is
a privately held subsidiary in a family of companies headed
by
Energy Merchant Corp.  Lakeland owns the 55-acre real
property
 located at 12345 Lakeland Road, Santa Fe Springs,
California.  The
real property is composed of 10 parcels totaling
roughly 55 acres.



Lakeland filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No.
12-25842) in Los Angeles on May 4, 2012.  Judge Richard M.
Neiter 
presides over the case.  Lawrence M. Jacobson, Esq., at
Glickfeld,
 Fields & Jacobson LLP, and The Law Offices of Richard
T. Baum,
Esq., serve as the Debtor's counsel.  The petition was
signed by 
Michael Egner, chief financial officer.



LEHMAN BROTHERS: Bid to Dismiss SPV Suit Over Swap Deals Denied
---------------------------------------------------------------
Judge Eileen Bransten of the Supreme Court for New York County
denied SMBC Nikko Capital Markets Limited, f/k/a SMBC Capital
Markets Limited's motion to dismiss the case captioned BURLINGTON
LOAN MANAGEMENT LIMITED, Plaintiff, v. SMBC NIKKO CAPITAL MARKETS
LIMITED, f/k/a SMBC CAPITAL MARKETS LIMITED, Defendant, DOCKET NO.
651917/2014, MOTION SEQ. NO. 001 (N.Y. Sup.).

The action arises out of the alleged breach of an agreement for the
transfer of a creditor's claims in two bankruptcy proceedings.  The
Plaintiff is "an Irish registered and incorporated special purpose
securitization vehicle with affiliate offices in New York.  The
Defendant is "a London-based global derivatives dealer with
affiliate offices in New York.  The Defendant and Lehman Brothers
International (Europe) entered into an ISDA Master Agreement,
pursuant to which they executed several swap transactions.  Under
the terms of that agreement, another Lehman entity -- Lehman
Brothers Holdings, Inc. -- served as a "credit support provider for
LBIE," making LBHI, in essence, a guarantor of LBIE's obligations
under the swap transactions.  LBIE entered "bankruptcy
administration" in the United Kingdom.  The Defendant declared that
LBIE's entry into bankruptcy administration constituted an event of
default under the terms of the ISDA Master Agreement, and
thereafter terminated that agreement and the related swap
transactions.  In that, the Plaintiff commenced the action on June
23, 2014, seeking to recover the approximately $5.25 million in
lost profits.

Judge Bransten, in denying the motion to dismiss, found found that
Section 3(j) of the ISDA Master Agreement does not provide a basis
at this juncture for dismissal of the Plaintiff's claim for breach,
which, as alleged, is neither an objection asserted in a bankruptcy
proceeding, nor is it an objection by someone other than the
Plaintiff.  As the Plaintiff's cause of action for breach of
Section 3(j) is being asserted in the state court and not in either
of those bankruptcy proceedings, accepting the Plaintiff's
allegations as true and affording it the benefit of every
reasonable inference, the cause of action as pleaded would not be a
"challenge or dispute to the Claims" that would be dismissable
under Section 3(y), Judge Branster held.

Because the assertion of the Plaintiff's cause of action in the
state court proceeding cannot reasonably be considered a
"determination" in either of the two bankruptcy and insolvency
proceedings, it follows that, as presently alleged, the instant
breach of contract claim is not dismissable as a "determination"
pursuant to Section 3(y), Judge Bransten further held.  The act
alleged here -- the failure to provide certain documentation --
would not have satisfied that definition and cannot otherwise be
transformed into a Valuation Dispute simply because the documents
at issue involve the calculation of value, Judge Bransten said.

Simply put, the Defendant's alleged failure to provide certain
documents which concern valuation and which might have had affected
on valuation are not the same as the act of disputing a valuation.
Given the deferential review that must be afforded the Plaintiff to
test the sufficiency of its pleadings, the mere fact that a
warranty requires a showing of loss would not mandate dismissal,
the judge said.  In addition, the requirement of a "loss" espoused
in that definition is by no means dispositive when one considers
that the Plaintiff seeks to recover lost profits, the judge added.

Judge Bransten directed the Defendant to serve an answer to the
order and the counsel are directed to appear for a preliminary
conference on July 14, 2015, at 10:00 a.m.

A full-text copy of Judge Bransten's Order dated June 3, 2015
available at http://is.gd/NjF38Nfrom Leagle.com.

                      About Lehman Brothers

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

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

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

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

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

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

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

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

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


LIFE PARTNERS: Court Enters Final Order to Move Claims Bar Date
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
extended, on a final basis, the deadline for any party or entity to
file proofs of claim against Life Partners Holdings, Inc., et al.,
until Sept. 1, 2015, at 5:00 p.m., and set 5:00 p.m. of Nov. 16,
2015, as the governmental bar date.

As reported by the Troubled Company Reporter on June 30, 2015, the
Court entered an interim order extending until 5:00 p.m. of Sept. 1
the claims bar date.  On May 20, 2015, H. Thomas Moran II, Chapter
11 trustee for the Debtor requested that the Court extend the bar
date to be contemporaneous with the other debtors.  The Movants
explained that extending the LPHI bar date and establishing a
consolidated bar date for the Debtors and consolidating notice
procedures will (a) help preserve the Court's resources, save time,
and avoid unnecessary and duplicative costs and expenses; and (b)
are in the best interest of the Debtors' estates and all
stakeholders.

On April 24, 2015, the Ad Hoc Committee of Direct Fractional
Interest Owners of Life Settlement Policies advised the U.S.
Trustee that it withdrew its request for an election of a Chapter
11 trustee.

The U.S. Securities and Exchange Commission filed on March 27,
2015, an objection -- a copy of which is available for free at
http://is.gd/KWJCuu-- to the motion by certain shareholders for
reconsideration of specific findings of fact and conclusions of law
in the order granting the motion of the SEC for the appointment of
a Chapter 11 trustee.  The Reconsideration Motion, according to the
SEC, belatedly sought the introduction of hearsay e-mail evidence
that was available to Gary Aguirre, counsel to the certain
shareholders, well before the close of the record on the SEC's
motion for appointment of a Chapter 11 trustee on March 3, 2015,
for the sole purpose of amending the Court's finding that it was
Mr. Aguirre who first suggested the filing of the Debtor's Form 8-K
on Feb. 23, 2015, which the Court later found to be misleading.
The SEC stated that the proffered evidence was neither admissible,
nor was it newly discovered evidence that would support altering
the Court's findings of fact and conclusions of law issued from the
bench on March 9, 2015.  The e-mails proffered by Mr. Aguirre were
wholly consistent with the Court's findings and conclusions, the
SEC said.

The SEC added that Because the proffered evidence is neither newly
discovered, nor would its exclusion from the record result in a
manifest error of fact, Mr. Aguirre has failed to meet the high
burden necessary for the Court to reconsider its findings and
conclusions.  

On March 31, 2015, the Debtor filed a response -- a copy of which
is available for free at http://is.gd/mpPCod-- to the SEC's
objection, saying that the Court was critical of the Debtor's
filing of an SEC Form 8-K (8-K) describing the possible risks to
investors if the Court appointed a Chapter 11 trustee.  "Simply,
put, there is insufficient information regarding the newly
appointed trustee to make that decision.  However, the certain
shareholders have not renounced their rights to appeal that order,"
the Debtor said.

On April 7, 2015, the Court determined that the motion for
reconsideration of specific findings of fact and conclusions of law
in order granting the SEC's motion for the appointment of a Chapter
11 trustee should be granted in part and denied in part.  The Court
found that it need not amend findings when the proposed amended
findings would not be outcome determinative.  Not only would the
proposed amended findings not affect the Court's ruling on the
motion to appoint a trustee, but the movants themselves did not
seek to set aside that ruling.  The Court was not convinced that
the evidence proffered by movants is either newly-discovered or, in
fact, would correct a manifestly erroneous finding.  To bring
closure to this matter, the Court amended its findings to delete
the finding that it was Mr. Aguirre's idea to release the SEC Form
8-K.

On April 9, 2015, the Ad Hoc Committee of Direct Fractional
Interest Owners of Life Settlement Policies asked that the U.S.
Trustee convene a meeting of creditors for the purpose of electing
one disinterested person to serve as trustee in this case.

The Committee is represented by:

      Kennedy Law, P.C.
      Stephen A. Kennedy, Esq.
      David D. Ritter , Esq.
      Dallas, TX 75202
      Tel.: (214) 716-4343
      Fax: (214) 593-2821
      E-mail: skennedy@saklaw.net
              dritter@ritter-legal.com

The SEC is represented by:

      Neal Jacobson, Esq.
      Admitted Pro Hac Vice
      U.S. Securities and Exchange Commission
      New York Regional Office
      Brookfield Place
      200 Vesey Street, Suite 400
      New York, NY 10281
      Tel: (212) 336-0095
      Fax: (212) 336-1329
      E-mail: Jacobsonn@sec.gov

The counsel for the certain shareholders can be reached at:

      Aguirre Law, APC
      Gary J. Aguirre, Esq.
      501 W. Broadway, Suite 800
      San Diego, CA 92101
      Tel: (619) 400-4960
      Fax: (619) 501-7072
      E-mail: gary@aguirrelawapc.com

                       About Life Partners

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is the parent company engaged in the  
secondary market for life insurance, commonly called "life
settlements."  Since its incorporation in 1991, Life Partners,
Inc., has completed over 162,000 transactions for its worldwide
client base of over 30,000 high net worth individuals and
institutions in connection with the purchase of over 6,500 policies
totaling over $3.2 billion in face value.

LPHI is a publicly traded company incorporated in Texas and its
common stock has been delisted from the NASDAQ (formerly trading
under the symbol LPHI).

Life Partners Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 15-40289) on Jan. 20,
2015.

The case is assigned to Judge Russell F. Nelms.  J. Robert Forshey,
Esq., at Forshey & Prostok, LLP, serves as counsel to the Debtor.


LPHI disclosed $2,406,137 in assets and $52,722,308 in liabilities
as of the Chapter 11 filing.

The official committee of unsecured creditors formed in the case
tapped Munsch Hardt Kopf & Harr, P.C., as counsel.

Tracy A. Bolt of BDO USA, LLP, was named as examiner for the
Debtor's case.  At the behest of the U.S. Securities and Exchange
Commission, the U.S. Trustee, and the Creditors Committee, the
Court ordered the appointment of a Chapter 11 trustee.  On March
13, 2015, H. Thomas Moran II was appointed as Chapter 11 trustee in
LPHI's case.  The trustee is represented by Thompson & Knight LLP.

The Chapter 11 trustee signed Chapter 11 bankruptcy petitions for
LPHI's subsidiaries on May 19, 2015: Life Partners Inc. (Case No.
15-41995) and LPI Financial Services, Inc. (Case No. 15-41996).
Life Partners is estimated to have $100 million to $500 million in
assets and more than $1 billion in debt.  LPI Financial estimated
less than $50,000.


LONG BEACH HOMEMAKERS: Case Summary & 7 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Long Beach Homemakers, Inc.
           dba Oxford Healthcare
        280 Atlantic Ave.
        Long Beach, CA 90802

Case No.: 15-20670

Nature of Business: Health Care

Chapter 11 Petition Date: July 3, 2015

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

Judge: Hon. Richard M Neiter

Debtor's Counsel: Jeffrey B Smith, Esq.
                  CURD, GALINDO & SMITH LLP
                  301 E Ocean Blvd Ste 1700
                  Long Beach, CA 90802
                  Tel: 562-624-1177
                  Fax: 562-624-1178
                  Email: jsmith@cgsattys.com

Total Assets: $773,568

Total Liabilities: $1.2 million

The petition was signed by Robert Sobel, president/CEO.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb15-20670.pdf


MAGNETATION LLC: Court OKs Hiring of Blackstone Advisory as Banker
------------------------------------------------------------------
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 Blackstone Advisory
Partners L.P. as investment banker, nunc pro tunc to the May 5,
2015 petition date.

The Debtors require Blackstone Advisory to:

   (a) assist in the evaluation of the Debtors' businesses and
       prospects;

   (b) assist in the development of the Debtors' long-term
       business plan and related financial projections;

   (c) assist in the development of financial data and
       presentations to the Debtors' Boards of Directors, various
       creditors and other third parties;

   (d) analyze the Debtors' financial liquidity and evaluate
       alternatives to improve such liquidity;

   (e) evaluate the Debtors' debt capacity and alternative capital

       structures;

   (f) analyze various restructuring scenarios and the potential
       impact of these scenarios on the recoveries of those
       stakeholders impacted by the Restructuring (as defined
       below);

   (g) assist the Debtors in arranging and executing a financing
       if requested by the Debtors, including, but not limited to,

       debtor-in-possession financing;

   (h) provide strategic advice with regard to restructuring or
       refinancing the Debtors' Obligations (as defined in the
       Engagement Letter);

   (i) participate in negotiations among the Debtors and their
       creditors, suppliers, lessors and other interested parties;

   (j) value securities to be offered by the Debtors in connection

       with a Restructuring;

   (k) advise the Debtors and negotiate with lenders with respect
       to potential waivers or amendments of credit facilities;

   (l) assist in arranging financing for the Debtors, as
       requested;

   (m) provide expert witness testimony concerning any of the
       subjects encompassed by the other investment banking
       services; and

   (n) provide such other advisory services as are customarily
       provided in connection with the analysis and negotiation of

       a Restructuring, as requested and mutually agreed.

The Debtors and Blackstone Advisory agreed that the Advisor shall,
in respect of its services, be paid in cash under this fee
structure:

  -- Monthly Fee. The Debtors shall pay the Advisor a monthly
     advisory fee (the "Monthly Fee") of $130,000 in cash, with
     the first Monthly Fee paid upon the execution of the
     Engagement Letter by both parties and additional installments

     of such Monthly Fee payable in advance on each monthly
     anniversary of the Engagement Date; provided that 50% of all
     Monthly Fees beginning with the seventh  Monthly Fee payment
     shall be credited against the Restructuring Fee; provided,
     further, that the amounts credited shall not exceed the
     Restructuring Fee.

  -- Restructuring Fee. The Debtors shall pay the Advisor an
     additional fee (the "Restructuring Fee") equal to $3,750,000,

     payable in cash, upon the consummation of the Restructuring.

  -- Discretionary Fee. The Debtors may, in their sole discretion,

     pay the Advisor an additional fee, in an amount to be
     determined by the Debtors in their sole discretion, if (i)
     the Advisor's work yields extraordinary positive results or
     (ii) the Debtors believe the time, effort and resources
     expended by the Advisor exceed that which was anticipated at
     the Engagement Date.

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

Before the Petition Date, the Debtors paid the Advisor $523,131.84
in fees and expenses. The aforementioned amount includes
out-of-pocket prepetition expenses incurred
by the Advisor. The Debtors also paid the Advisor a $5,000 expense
advance.

Mark Buschmann, senior managing director of Blackstone Advisory,
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.

Blackstone Advisory can be reached at:

       Mark Buschmann
       BLACKSTONE ADVISORY PARTNERS L.P.
       345 Park Avenue
       New York, NY 10154
       Tel: (212) 583-5000
       Fax: (212) 583-5749

                     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: Creditors' Panel Hires Cooley LLP as Lead Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Magnetation LLC
and its debtor-affiliates seeks authorization from the U.S.
Bankruptcy Court for the District of Minnesota to retain Cooley LLP
as lead counsel, nunc pro tunc to May 12, 2015.

The Committee requires Cooley LLP to:

   (a) attend the meetings of the Committee;

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

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

   (d) analyze the value of the Debtors' assets;

   (e) review and investigate the liens of purported secured
       parties;

   (1) investigate alternatives to the transaction contemplated by

       the restructuring term sheet attached to the Debtors'
       motion for debtor-in-possession financing;

   (g) analyze and participate in negotiations regarding potential

       amendments to the Debtors' pellet off-take agreement with
       AK Steel;

   (h) analyze and negotiate any proposed Chapter 11 plan;

   (i) confer with the Debtors' management, counsel and financial
       advisors;

   (j) confer with the principals, counsel, and advisors of the
       Debtors' lenders and noteholders;

   (k) review the Debtors' schedules, statements of financial
       affairs and business plan;

   (l) advise the Committee as to the ramifications regarding all
       of the Debtors' activities and motions before this Court;

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

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

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

   (p) prepare various applications and memoranda of law submitted

       to the Court for consideration; and

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

Cooley LLP will be paid at these hourly rates:

       Cathy Hershcopf, Partner         $950
       Seth Van Aalten, Associate       $755
       Robert B. Winning, Associate     $655
       Jeremy Rothstein, Associate      $470
       Rebecca Goldstein, Paralegal     $300

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

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

Cooley LLP can be reached at:

       Cathy Hershcopf, Esq.
       COOLEY LLP
       The Grace Building
       1114 Avenue of the Americas
       New York, NY 10036-7798
       Tel: +1 (212) 479-6138
       Fax: +1 (212) 479-6275
       E-mail: chershcopf@cooley.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: Hires Fredrikson & Byron as Special Counsel
------------------------------------------------------------
Magnetation LLC and its debtor-affiliates seek authorization from
the Hon. Gregory F. Kishel of the U.S. Bankruptcy Court for the
District of Minnesota to employ Fredrikson & Byron P.A. as special
counsel, nunc pro tunc to the May 5, 2015 petition date.

The Debtors require Fredrikson & Byron to:

   (a) advise the Debtors regarding customer and supplier
       contracts and disputes, transportation contracts,
       construction contracts and disputes, financing and related
       compliance matters and filings, and other corporate
       matters;

   (b) advise the Debtors regarding employment and labor issues,
       including collective bargaining agreements, layoffs,
       employee grievances, workers compensation, employment and
       labor disputes, OSHA and other regulatory compliance
       matters, and other employment and labor issues;

   (c) advise the Debtors regarding environmental compliance and
       permitting issues;

   (d) represent the Debtors with respect to potential annexation
       of Mag Pellet, LLC plant in Reynolds, Indiana and impacts
       of such annexation on tax increment financing and real
       estate taxation;

   (e) advise and provide legal opinions and due diligence
       deliveries regarding the terms of the proposed Debtor in
       Possession financing and amendments or modifications
       thereto, existing credit facilities, and lien perfection
       issues; and

   (f) represent the Debtors in connection with real estate and   
       easement acquisitions and dispositions and real estate and
       mineral leases and lease renewals.

Fredrikson & Byron will be paid at these hourly rates:

       Simon Root, Shareholder         $495
       Melodie Rose, Shareholder       $545
       Eric Anderson, Shareholder      $550
       Rick Ross, Shareholder          $495
       Sue Steinwall, Shareholder      $470
       Mark Vyvyan, Shareholder        $475
       Clinton Cutler, Shareholder     $575
       Joseph Schauer, Associate       $290
       Levi Smith, Associate           $250

Fredrikson & Byron will also be reimbursed for reasonable
out-of-pocket expenses incurred

The filing fees paid by Fredrikson & Byron on account of the
Debtors in these cases totaled $8,585 ($1,717 per case), for which
Fredrikson & Byron will seek reimbursement by the Debtors.

As set forth in Clinton E. Cutler's Declaration, in the 90 days
before the Petition Date, Fredrikson & Byron received payments
totaling $300,000 from the Debtors and is holding a retainer in the
amount of $82,000. The Debtors and Fredrikson & Byron have agreed
that the Firm will continue to hold the retainer and it will be
applied to pay fees, costs, and expenses relating to services
rendered prepetition or in the course of these chapter 11 cases.

Cutler, a shareholder of Fredrikson & Byron, 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.

Fredrikson & Byron intends to make a reasonable effort to comply
with the U.S. Trustee's requests for information and additional
disclosures as set forth in the Guidelines for Reviewing
Applications for Compensation and Reimbursement of Expenses Filed
Under 11 U.S.C. section 330 by Attorneys in Larger Chapter 11 Cases
Effective as of November 1, 2013 (the “Revised Guidelines”),
both in connection with this application and the interim and final
fee applications filed by Fredrikson & Byron in the course of its
engagement.

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

    -- Fredrikson & Byron did not agree to any variation from, or
       alternatives to, its standard or customary billing
       rrangements for this engagement.

    -- None of the professionals from Fredrikson & Byron included
       in this engagement have varied or will vary their rate
       based on the geographic location of the bankruptcy case.

    -- The billing rates and material financial terms for
       Fredrikson & Byron's prepetition engagement by the Debtors
       are set forth herein. No adjustments were made to either
       the billing rates or the material financial terms of
       Fredrikson & Byron's employment by the Debtors as a result
       of the filing of these chapter 11 cases.

    -- Given the uncertainty regarding the pace of ongoing legal
       matters that will be handled by Fredrikson & Byron, the
       Debtors and Fredrikson & Byron have not prepared a budget
       and staffing plan.

Fredrikson & Byron can be reached at:

       Clinton E. Cutler, Esq.
       FREDRIKSON & BYRON, P.A.
       200 South 6th St #4000
       Minneapolis, MN 55402
       Tel: (612) 492-7000
       E-mail: ccutler@fredlaw.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: Taps FTI to Provide Chief Restructuring Officer
----------------------------------------------------------------
Magnetation LLC and its debtor-affiliates seek authorization from
the Hon. Gregory F. Kishel of the U.S. Bankruptcy Court for the
District of Minnesota to employ FTI Consulting, and Inc. and
designate Michael J. Talarico  as chief restructuring officer, nunc
pro tunc to May 26, 2015.

FTI agreed that Mr. Talarico will serve as the Debtors' CRO.
Working collaboratively with the Debtors' senior management team
and board of directors, as well as the Debtors' other
professionals, Mr. Talarico will assist the Debtors in evaluating
and implementing strategic and tactical options throughout the
restructuring process.

In addition, FTI has agreed to provide certain temporary staff to
assist Mr. Talarico and the Debtors in their restructuring
efforts.

The Debtors anticipate that the FTI Professionals will render
interim management and restructuring services during these chapter
11 cases, including, without limitation:

   -- preparing financial related disclosures required by the U.S.

      Bankruptcy Court for the District of Minnesota (the
      "Bankruptcy Court"), including Monthly Operating Reports;

   -- complying with the information and analyses required
      pursuant to the Debtors' Debtor-In-Possession financing;

   -- developing and implementing short-term cash management
      procedures;

   -- developing standardized financial and operational reporting
      processes;

   -- analyzing the cost/benefit of key executory contracts and
      leases to determine the impacts of affirming or rejection;

   -- preparing financial information for distribution to various
      constituencies, including, but not limited to:

      - cash flow projections and budgets;

      - cash receipts and disbursement analysis; and

      - analysis of proposed transactions for which Bankruptcy
        Court approval is necessary;

   -- attending meetings and assisting in discussions with
      potential investors, banks and other secured lenders, any
      official committees appointed in these chapter 11 cases, the

      U.S. Trustee, other parties in interest and professionals
      hired by the same, as requested;

   -- preparing information and analyses necessary for the
      confirmation of a plan of reorganization; and

   -- providing testimony on case related issues as required by
      the Client.

Pursuant to the Engagement Letter, the Debtors have agreed to pay
FTI a monthly fee of $125,000 for the first and second months of
the Engagement, and then $110,000 for each month thereafter for the
services rendered by Mr.  Talarico. In addition, the Debtors have
agreed to pay the Hourly Temporary Staff based on FTI's current
billing rates as follows:

       Senior Managing Directors          $800–$975
       Directors/Managing Directors       $595–$795
       Consultants/Senior Consultants     $315–$575
       Administrative/Paraprofessionals   $125–$250

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

Michael J. Talarico, managing director with FTI, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

FTI can be reached at:

       David Beckman
       FTI CONSULTING, INC.
       1001 17th St. #1 100
       Denver, CO 80202
       Tel: (303) 689-8800
       Fax: (303) 689-8802
       E-mail: dave.beckman@fticonsulting.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: UST Objects to Fredrikson & Byron Employment
-------------------------------------------------------------
Daniel McDermott, the U.S. Trustee, filed an objection with the
U.S. Bankruptcy Court for the District of Minnesota on the motion
of Magnetation LLC and its debtor-affiliates to employ Fredrikson &
Byron P.A. as special counsel, nunc pro tunc to the May 5, 2015
petition date.

The U.S. Trustee said the application should not be approved at
this time because the U.S. Trustee is resolving underlying issues
in connection with the employment application.  

The U.S. Trustee is represented by:

       Sarah J. Wencil
       Trial Attorney
       1015 U.S. Courthouse
       300 S. 4th Street
       Minneapolis, MN 55401
       Tel: (612) 334-1366

Fredrikson & Byron can be reached at:

       Fredrikson & Byron, P.A.
       200 South 6th St #4000
       Minneapolis, MN 55402
       Tel: (612) 492-7000

                      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.


MOLYCORP INC: Seeks to Pay $4.6MM to Essential Suppliers
--------------------------------------------------------
Molycorp Inc., et al., are asking the U.S. Bankruptcy Court for the
District of Delaware for approval to pay up to $4.6 million for
prepetition claims of certain parties that supply goods or services
critical to the continued operation of the Debtors' businesses.

The Debtors expect that they will not pay each of the essential
suppliers the full prepetition amount owed to them.   The supplier
that the Debtors have identified as essential -- and that are not
proposed to be paid as lienholders and are not contract parties
required to do business with the Debtors -- are owed $4.3 million
as of the Petition Date.  Additional suppliers may be identified
postpetition.  Accordingly, to prevent disruption to their
businesses, the Debtors request authority to pay up to $4.6 million
in claims.  This amount represents less than 1% of Molycorp's
revenue over the last 12 months.  

As a condition of payment, the Debtors may require an essential
supplier's agreement to the continuance of the parties' existing
business relationship.

                        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: To Limit Equity Trading to Preserve NOLs
------------------------------------------------------
Molycorp Inc., et al., are asking the U.S. Bankruptcy Court for the
District of Delaware to enter interim and final orders establishing
notification and objection procedures regarding certain transfers
of beneficial interests in equity securities in Molycorp.

The common stock of Molycorp is publicly traded on the New York
Stock Exchange (ticker symbol MCP).  As of June 15, 2015, there
were 264,316,184 shares of Molycorp common stock outstanding, with
a total market capitalization of $111 million.  Molycorp also has
outstanding warrants to purchase and, and certain unsecured
convertible debt obligations that are convertible into, shares of
common stock.  In addition, MCP Exchangeco Inc. has outstanding
certain shares of stock that are exchageable into shares of common
stock of Molycorp.

The Debtors have experienced losses from the operation of their
business.  As a result, the Debtors estimate that their federal
income tax net operating losses are approximately $540 million, and
other tax attributes including credits of approximately $7 million,
as of Dec. 31, 2014, and they expect to have incurred substantial
additional NOLs since then through the Petition Date, which amounts
could be even higher when the Debtors emerge from Chapter 11.

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

   * Any "substantial equityholder" -- entity that has direct or
indirect beneficial ownership of at least 11,894,228 shares
(representing 4.5% of the 264,316,184 issued and outstanding shares
of common stock) of Molycorp -- must serve and file a declaration
on or before the later of (i) 14 days after the date of the interim
order approving the procedures and (ii) 14 days after becoming a
substantial equityholder.

   * At least 28 days prior to effectuating any transfer of the
equity securities that would result in another entity becoming a
substantial shareholder, the parties to such transaction must serve
and file a notice of the intended stock transaction.

   * The Debtors have 21 days after receipt of the stock
transaction notice to object to the proposed transaction.

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

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

                             Sell-Down

The Debtors may ultimately need to seek an order in connection with
a Chapter 11 plan of reorganization or a qualifying asset sale with
respect to trading in claims to protect and preserve the value of
the NOLs.

At this stage, however, it is too early to determine whether it
will be necessary for the Debtors to obtain a sell-down order.  The
Debtors' determination of whether to seek entry of a sell-down
order will most likely occur once the Debtors have determined
whether they may qualify for and benefit from the Section 382(l)(5)
safe harbor such that it is necessary to require substantial
claimholders to comply with the sell-down procedures.  Accordingly,
the motion does not seek entry of a sell-down order, but seeks to
establish the date of entry of the interim order as the proposed
record date.

                        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.


MORRIS SCHNEIDER: Atlanta Law Firm Seeks Bankruptcy Protection
--------------------------------------------------------------
Atlanta, Georgia-based law firm Morris Schneider Wittstadt, PLLC --
http://closingsource.net/-- and its affiliated entities sought
Chapter 11 creditor protection on July 5, 2015.  The filing
affiliates include Wittstadt Title & Escrow Company, L.L.C.,
MSWLAW, Inc., Teays Valley Trustees, LLC, and York Trustee
Services, LLC.

The Debtors filed their bankruptcy petition (Case Nos. 15-12323,
and 15-33370 to 15-33375) in Bankruptcy Court for the Eastern
District of Virginia, in Richmond.  They are represented by
Jennifer McLain McLemore, Esq., at Christian & Barton, LLP.

Morris Schneider Wittstadt, LLC listed between $1 million to $10
million in total assets and $10 million to $50 million in total
liabilities.  Morris Schneider Wittstadt Va., MSWLAW, Inc., and
Wittstadt Title & Escrow Company, L.L.C. each listed under $50,000
in both assets and liabilities.

The petition was signed by Mark H. Wittstadt, Esquire, managing
partner.

According to Ben Lane of HousingWire, the firm and its partners
made national headlines last year when the firm sued its former
managing partner, Nathan (Nat) Hardwick, for allegedly embezzling
$30 million from the firm's accounts and the accounts of the firm's
subsidiary, LandCastle Title.  HousingWire reported that the firm
on Thursday allegedly told its employees of the intent to seek
bankruptcy protection and that the firm's staff would not be paid
for their last three weeks of work.

Morris Schneider opened for business on Monday, according to
HousingWire, but went so far as to tell all employees not to bother
reporting to work on Monday morning.

In a statement provided exclusively to HousingWire, the firm said:
"After considering its relatively few options available, MSW chose
Chapter 11 filing as a regrettably necessary step for the future of
the firm."

Mark Wittstadt, executive managing partner of MSW, told
HousingWire: "This is a very sad and difficult circumstance for
Morris Schneider Wittstadt, and we share in the disappointment and
frustration of the parties involved. . . . MSW was an extraordinary
firm with many outstanding lawyers and employees, making this
situation exceptionally disheartening."

Morris Schneider is facing multiple lawsuits, including one brought
by PGA golfer Dustin Johnson.  According to HousingWire, Johnson
sued Morris Hardwick Schneider, now known as Morris Schneider
Wittstadt, Hardwick and the firm's managing partners, Mark and Rod
Wittstadt, accusing them of using their positions as Johnson's
"trusted advisors" to steal $3 million from him to cover shortages
in the firm's accounts allegedly created by Hardwick himself.

On Monday, the firm asked the District Court for the Northern
District of Georgia, in Atlanta, to stay the Johnson lawsuit
pending the bankruptcy proceedings in Richmond.


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

     Debtor                                         Case No.
     ------                                         --------
     Morris | Schneider | Wittstadt Va., PLLC       15-33370
     4701 Cox Road, Suite 285
     Glen Allen, VA 23060

     Wittstadt Title & Escrow Company, L.L.C.       15-12323
     22375 Broderick Drive, Suite 260
     Dulles, VA 20166

     Morris | Schneider | Wittstadt, PLLC           15-33371

     Morris | Schneider | Wittstadt, LLC            15-33372
     120 Interstate North Parkway, S.E., Suite 110
     Atlanta, GA 30339
     
     MSWLAW, Inc.                                   15-33373
     120 Interstate North Parkway, S.E., Suite 110
     Atlanta, GA 30339

     Teays Valley Trustees, LLC                     15-33374
     55 Meridian Parkway, Suite 108
     Martinsburg, WV 25404

     York Trustee Services, LLC                     15-33375
   
Chapter 11 Petition Date: July 5, 2015

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

Debtors' Counsel: Jennifer McLain McLemore, Esq.
                  CHRISTIAN & BARTON, LLP
                  909 East Main Street, Suite 1200
                  Richmond, VA 23219
                  Tel: (804) 697-4129
                  Fax: 804-697-6112
                  Email: jmclemore@cblaw.com

                                           Estimated   Estimated
                                            Assets    Liabilities
                                          ----------  -----------
Morris | Schneider | Wittstadt Va.        $0-$50,000  $0-$50,000
Wittstadt Title & Escrow Company, L.L.C.  $0-$50,000  $0-$50,000
Morris | Schneider | Wittstadt, LLC       $1MM-$10MM  $10MM-$50MM
MSWLAW, Inc.                              $0-$50,000  $0-$50,000

The petition was signed by Mark H. Wittstadt, Esquire, managing
partner.

A consolidated list of the Debtors' 30 largest unsecured creditors
is available for free at http://bankrupt.com/misc/vaeb15-33370.pdf


NORTEL NETWORK: Bids for Judgment in Tektel vs. Gov't Suit Denied
-----------------------------------------------------------------
Judge Mary Ellen Coster Williams of the United States Court of
Federal Claims denied cross motions for Judgment on the
Administrative Record in the case captioned TEKTEL, INC.,
Plaintiff, v. UNITED STATES, Defendant, Case No. 11-445C, (Fed.
Cl.).

Around December 2000, Nortel Network Inc. entered into a Federal
Supply Schedule information technology contract with the General
Services Administration.  The original contract period was from
January 1, 2001, until December 31, 2005.  The contract was later
extended to December 31, 2010.  Pursuant to the contract, most
services were to be provided by or through Nortel's authorized
representatives.  These "representatives" were authorized to act on
Nortel's behalf for purposes of accepting and fulfilling orders and
receiving payment.  Under the contract's order placement and
remittance clauses, the ordering activities were to direct all
Prime Contract orders and payments to Nortel's representatives,
also known as "schedule partners" or authorized dealers.

On approximately August 15, 2008, Nortel entered into a "Sponsored
GSA Schedule Partner Agreement" with Tektel.  The agreement
authorized Tektel to "represent Nortel Networks for sales under its
[FSS] IT Contract number GS-35F-0140L'" as a "`sponsored
partner.'"

The case arises from the termination for convenience of two
purchase orders issued to Tektel by the United States District
Court for the Northern District of Illinois for the installation of
telephone equipment and phone maintenance services.  The Plaintiff
seeks $126,409 for expenses incurred as a result of the
termination.  The Contract Disputes Act does not apply to District
Court contracts, and the parties have invoked the repealed
Wunderlich Act, along with its arbitrary and capricious standard of
review, and filed cross motions for judgment on the Administrative
Record.

Judge Williams found out that the applicable savings clause does
not bring the dispute within the ambit of the Wunderlich Act.  As
such, it is inappropriate to resolve the action on an
Administrative Record.  Judge Williams said the parties may recast
the motions as motions for summary judgment and submit appropriate
materials consistent with Rule 56(c), or they may proceed to trial
on damages.

The unavailability of Wunderlich Act review does not mean that the
Plaintiff is left without a remedy for its contract dispute, Judge
Williams said.  Rather, as the disputes clause incorporated into
the Purchase Orders provides, the Plaintiff is entitled to
challenge the Contracting Officer's determination in "a court of
competent jurisdiction," Judge Williams added.

Cyrus Eastman Phillips, IV, Esq., of Albo & Oblon, L.L.P. serves as
counsel for Plaintiff Tektel, Incorporated.

Amanda L. Tantum, Esq. -- Amanda.Tantum@usdoj.gov -- of U. S.
Department of Justice serves as counsel for Defendant USA.

A full-text copy of Judge Williams' Opinion and Order dated June 9,
2015, is available at http://is.gd/GlOfSrfrom Leagle.com.

                       About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates
commenced
a proceeding with the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act (Canada) seeking relief from
their creditors.  Ernst & Young was appointed to serve as monitor
and foreign representative of the Canadian Nortel Group.  That
same
day, the Monitor sought recognition of the CCAA Proceedings in
U.S.
Bankruptcy Court (Bankr. D. Del. Case No. 09-10164) under Chapter
15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of
NNI's
European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy
Court
for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New
York,
serve as the U.S. Debtors' general bankruptcy counsel; Derek C.
Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP, in
Wilmington,
serves as Delaware counsel.  The Chapter 11 Debtors' other
professionals are Lazard Freres & Co. LLC as financial advisors;
and Epiq Bankruptcy Solutions LLC as claims and notice agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of
Long-Term Disability Participants tapped Alvarez & Marsal
Healthcare Industry Group as financial advisor.  The Retiree
Committee is represented by McCarter & English LLP as Delaware
counsel, and Togut Segal & Segal serves as the Retiree Committee.
The Committee retained Alvarez & Marsal Healthcare Industry Group
as financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.  The question of
how to divide $7.3 billion raised in the international bankruptcy
of Nortel Networks Corp. was answered on May 12, 2015, by two
judges, one in the U.S. and one in Canada.

According to The Wall Street Journal, Justice Frank Newbould of the
Ontario Superior Court of Justice in Toronto and Judge Kevin Gross
of the U.S. Bankruptcy Court in Wilmington, Del., agreed on the
outcome: a modified pro rata split of the money.


NORTEL NETWORKS: U.S., Bondholders Lose Bid to Upset $7.3B Ruling
-----------------------------------------------------------------
Peg Brickley, writing for Dow Jones' Daily Bankruptcy Review,
reported that Nortel Networks Corp.'s bondholders and the company's
U.S. division lost a bid to upset a ruling on how $7.3 billion
should be divided among competing national units of the defunct
telecommunications giant.

According to the Journal, orders issued on July 6 leave standing
the critical elements of a May decision that disappointed
bondholders owed $4 billion by Nortel, who were counting on Nortel
U.S. to win an international tug of war over the money.

                       About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates
commenced
a proceeding with the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act (Canada) seeking relief from
their creditors.  Ernst & Young was appointed to serve as monitor
and foreign representative of the Canadian Nortel Group.  That
same
day, the Monitor sought recognition of the CCAA Proceedings in
U.S.
Bankruptcy Court (Bankr. D. Del. Case No. 09-10164) under Chapter
15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of
NNI's
European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy
Court
for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New
York,
serve as the U.S. Debtors' general bankruptcy counsel; Derek C.
Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP, in
Wilmington,
serves as Delaware counsel.  The Chapter 11 Debtors' other
professionals are Lazard Freres & Co. LLC as financial advisors;
and Epiq Bankruptcy Solutions LLC as claims and notice agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of
Long-Term Disability Participants tapped Alvarez & Marsal
Healthcare Industry Group as financial advisor.  The Retiree
Committee is represented by McCarter & English LLP as Delaware
counsel, and Togut Segal & Segal serves as the Retiree Committee.
The Committee retained Alvarez & Marsal Healthcare Industry Group
as financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.  The question of
how to divide $7.3 billion raised in the international bankruptcy
of Nortel Networks Corp. was answered on May 12, 2015, by two
judges, one in the U.S. and one in Canada.

According to The Wall Street Journal, Justice Frank Newbould of the
Ontario Superior Court of Justice in Toronto and Judge Kevin Gross
of the U.S. Bankruptcy Court in Wilmington, Del., agreed on the
outcome: a modified pro rata split of the money.


PINNACLE MINERAL: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Pinnacle Mineral Corporation
        4444 N. Michigan Ave.
        Miami Beach, Fl 33140

Case No.: 15-22098

Chapter 11 Petition Date: July 3, 2015

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

Judge: Hon. Jay Cristol

Debtor's Counsel: Stephen J Biggie, Esq.
                  ARCADIER AND ASSOCIATES, P.A.
                  2815 W New Haven Ave #304
                  Melbourne, FL 32904
                  Tel: 321-953-5998
                  Email: biggie@wamalaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Efraim Diveroli, president.

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


PUERTO RICO ELECTRIC: Bondholders Extend Forbearance Agreement
--------------------------------------------------------------
The Puerto Rico Electric Power Authority (PREPA) Bondholder Group
on July 1 disclosed that they have agreed to extend their
forbearance agreement until September 15, 2015 and amend their
trust agreement to allow PREPA to avoid a payment default on July
1, 2015.  During the forbearance period the bondholders will
continue to collaborate with PREPA towards a comprehensive plan
that will sustainably improve PREPA.

"We remain focused on working with PREPA and its professionals to
refine a long-term plan that is in the best interest of all
stakeholders.  Over the past several months of direct negotiations
with PREPA and the GDB, we have made progress towards a workable
solution for PREPA, and are hopeful that we have established a
foundation for reaching an equitable deal for all PREPA
stakeholders, which will help the island in its revitalization,"
said Stephen Spencer of Houlihan Lokey, the PREPA Bondholder
Group's financial advisor.

If a restructuring support agreement is not reached by September 1,
2015, the forbearance agreement will automatically terminate.

Mr. Spencer continued, "While we believe there is the opportunity
to reach an agreement by September 1st, it is essential that both
sides be willing to compromise, treat each other fairly and
negotiate in good faith.  As a result, the agreement may be
discontinued and appropriate legal action taken if there are
unforeseen deteriorations in either the negotiations with PREPA or
a broader decision made by Puerto Rico as a whole to treat
bondholders unnecessarily unfairly during this process."

                          *     *     *

The Troubled Company Reporter on Feb. 4, 2015 reported that
Standard & Poor's Ratings Services said it maintained its 'CCC'
rating on the Puerto Rico Electric Power Authority's (PREPA) power
revenue bonds on CreditWatch with negative implications.  S&P
originally placed the rating on CreditWatch on
June 18, 2014.

On Dec. 15, 2014, TCRLA reported that Fitch is maintaining the $8.6
billion of Puerto Rico Electric Power Authority (PREPA) power
revenue bonds on Negative Rating Watch.  The bonds are currently
rated 'CC'.

As reported in the Troubled Company Reporter on Sept. 19, 2014,
Moody's Investors Service has downgraded the rating for Puerto Rico
Electric Power Authority's (PREPA) $8.8 billion of Power
Revenue Bonds to Caa3 from Caa2.  This rating action concludes the
rating review that Moody's initiated on July 1, 2014.  PREPA's
rating outlook is negative.


RADIOSHACK CORP: Salus DIP Financing Extended to July 25
--------------------------------------------------------
RS Legacy Corporation submitted a proposed amendment to a
stipulation that would (i) incorporate and extend the terms of the
final DIP order until July 25,  2015, and (ii) authorize and
approve the Debtor's continued use of cash collateral.

Michael J. Custer, Esq., at Pepper Hamilton LLP, co-counsel for RS
Legacy relates that on June 5, the Court approved the stipulation
entered among the Debtors, Salus Capital Partners, LLC as the SCP
agent, and the SCP lenders.

The stipulation also provided that as further adequate protection,
the Debtors are authorized to provide adequate protection to the
SCP secured parties in the form of an additional cash payment in an
amount equal to $10 million by June 30, 2015.

As reported in the Troubled Company Reporter on March 31, 2015,
U.S. Bankruptcy Judge Brendan Linehan Shannon in Delaware signed a
final order authorizing the Debtors to obtain $285.3 million from a
debtor-in-possession financing package, which is led by hedge fund
manager DW Partners LP and allows the troubled electronics retailer
to continue operating and sell off most of its remaining assets.

                  About RadioShack Corporation

Headquartered in Fort Worth, Texas, RadioShack (OTCMKTS: RSHCQ) --
http://www.radioshackcorporation.com-- is a retailer of mobile   
technology products and services 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.  In their
petitions, the Debtors disclosed total assets of $1.2 billion,
versus total debts of $1.3 billion.

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.

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.

RadioShack Corporation on June 22, 2015, filed a Certificate of
Amendment to the Company's Restated Certificate of Incorporation,
as amended, to change its name from RadioShack Corporation to RS
Legacy Corporation. The Amendment was adopted in accordance with
Section 303 of the General Corporation Law of the State of
Delaware
and under an order by the Bankruptcy Court in the Chapter 11
Cases.
The Company filed the Amendment with the Secretary of State of the
State of Delaware, and the Amendment became effective on June 22,
2015.



RANCH 967: Seeks Nov. 28 Extension of Solicitation Period
---------------------------------------------------------
Ranch 967 LLC asks the U.S. Bankruptcy Court for the Western
District of Texas, Austin Division, to extend its exclusivity
periods for an additional 90 day.

The period within which the Debtor has the exclusive right to
propose a Chapter 11 plan expired on July 1, 2015, and the period
within which the Debtor's plan has to be accepted by creditors is
set to expire on August 30, 2015.

The Debtor has filed a proposed disclosure statement and Chapter 11
plan of reorganization, which involves the Debtor's
recapitalization.  Morris D. Weiss, Esq., at Taube Summers Harrison
Taylor Meinzer Brown LLP in Austin Texas, tells the Court that the
Exclusivity Periods are intended to afford a debtor a full and fair
opportunity to propose a consensual plan and solicit acceptances of
that plan without the disruption that is likely to be caused by the
filing of competing plans by non-debtor parties.

Mr. Weiss further tells the Court that as a prophylactic measure --
and primarily out of the concern that modifications might need to
be made in response to any questions or objections to the currently
proposed disclosure statement and plan -- the Debtor is requesting
a relatively short extension of the Exclusivity Periods, each for
90 days.

The Debtor is represented by:

          Eric J. Taube, Esq.
          Morris D. Weiss, Esq.
          Christopher G. Bradley, Esq.
          TAUBE SUMMERS HARRISON
          TAYLOR MEINZER BROWN LLP
          100 Congress Avenue, Suite 1800
          Austin, Texas 78701
          Telephone: (512)472-5997
          Facsimile: (512)472-5248
          Email: etaube@taubesummers.com
                 mtaylor@taubesummers.com
                 cbradley@taubesummers.com

                         About Ranch 967 LLC

Ranch 967 LLC, a single asset real estate, filed a Chapter
11
bankruptcy petition (Bankr. W.D. Tex. Case No. 15-10314) on
March
3, 2015.  The petition was signed by Frank J. Carmel as
managing
member.  The Debtor disclosed $22,500,000 in assets and
$12,979,971 in liabilities as of the Chapter 11 filing.  Eric J.
Taube, Esq., at Hohmann Taube & Summers, LLP, represents the Debtor
as counsel. 
Judge Tony M. Davis presides over the case.


REED AND BARTON: Court Approves Brown Rudnick as Committee Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Reed and Barton
Corporation sought and obtained permission from the Hon. Henry J.
Boroff of the U.S. Bankruptcy Court for the District of
Massachusetts to retain Brown Rudnick LLP as counsel to the
Committee, nunc pro tunc to March 17, 2015.

The Committee requires Brown Rudnick to:

   (a) assist and advise the Committee in its discussions with the

       Debtor and other parties-in-interest regarding the overall
       administration of this case;

   (b) represent the Committee at hearings to be held before this
       Court and communicate with the Committee regarding the
       matters heard and the issues raised as well as the
       decisions and considerations of this Court;

   (c) assist and advise the Committee in its examination and
       analysis of the conduct of the Debtor's affairs;

   (d) review and analyze pleadings, orders, schedules, and other
       documents filed and to be filed with this Court by parties-
       in-interest in this case; advising the Committee as to the
       necessity, propriety, and impact of the foregoing upon the
       Debtor's chapter 11 case; and consenting or objecting to
       pleadings or orders on behalf of the Committee, as
       appropriate;

   (e) assist the Committee in preparing such applications,
       motions, memoranda, proposed orders, and other pleadings as

       may be required in support of positions taken by the
       Committee, including all trial preparation as may be
       necessary;

   (f) confer with the professionals retained by the Debtor and
       other parties-in-interest, as well as with such other
       professionals as may be selected and employed by the
       Committee;

   (g) coordinate the receipt and dissemination of information
       prepared by and received from the Debtor's professionals,
       as well as such information as may be received from
       professionals engaged by the Committee or other parties-in-
       interest in this case;

   (h) participate in such examinations of the Debtor and other
       witnesses as may be necessary in order to analyze and
       determine, among other things, the Debtor's assets and
       financial condition, whether the Debtor has made any
       avoidable transfers of property, or whether causes of
       action exist on behalf of the Debtor's estate;

   (i) negotiate and formulate a plan of reorganization or
       liquidation for the Debtor; and

   (j) assist the Committee generally in performing such other
       services as may be desirable or required for the discharge
       of the Committee's duties pursuant to Bankruptcy Code
       section 1103.

Brown Rudnick will be paid at these hourly rates:

       Steven D. Pohl            $850
       Christopher M. Floyd      $470
       Attorneys                 $415-$1,240
       Paraprofessionals         $285-$345

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

Steven D. Pohl of Brown Rudnick 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.

Brown Rudnick can be reached at:

       Steven D. Pohl, Esq.
       BROWN RUDNICK LLP
       One Financial Center
       Boston, MA 02111
       Tel: (617) 856-8200
       Fax: (617) 856-8201
       E-mail: spohl@brownrudnick.com

                      About Reed and Barton

Founded in 1824, Reed and Barton Corporation is a designer and
distributor of high quality silverware and tableware, along with
flatware, crystal drinkware, picture frames, ornaments, and baby
giftware.  Reed and Barton, which sells products with the Reed &
Barton, Lunt, R&B EveryDay, and Williamsburg brands, is based in
Taunton, Massachusetts.  The privately held company's stock is
owned by 28 record shareholders who either are descendants of
Henry Reed or trusts for their benefit.  Aside from selling its
products in department stores and TV shopping networks, the
company has an on-site factory store in Taunton and a showroom in
Atlanta, Georgia.

Reed and Barton sought Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 15-10534) in Boston, Massachusetts, on Feb. 17,
2015.  The case is assigned to Judge Henry J. Boroff.

The Debtor has tapped Holland & Knight, in Boston, as counsel;
Financo, LLC, as investment banker; and Verdolino & Lowey, P.C., as
accountant.

The Debtor disclosed $18.3 million in assets and $25.7 million in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 1 appointed three creditors to serve on
the official committee of unsecured creditors.


REED AND BARTON: Court Approves Deloitte FAS as Committee Advisor
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Reed and Barton
Corporation sought and obtained permission from the Hon. Henry J.
Boroff of the U.S. Bankruptcy Court for the District of
Massachusetts to retain Deloitte Financial Advisory Services LLP
("Deloitte FAS") as financial advisor for the Committee, nunc pro
tunc to March 19, 2015.

The Committee requires Deloitte FAS to:

  -- assist and advise the Committee in connection with its
     identification, development, and implementation of strategies

     related to the Debtors' business plan and other matters, as
     agreed, relating to the sale or restructuring of the Debtor's

     business operations;

  -- assist the Committee in understanding the business and
     financial impact of various operational, financial, and
     strategic restructuring alternatives on the Debtor;

  -- assist the Committee in its analysis of the Debtor's
     financial restructuring process, including its review of the
     Debtors' development of plans of reorganization and related
     disclosure statements;

  -- assist the Committee in its review and analysis of potential
     contingency plans to reflect the impact of restructuring
     alternatives on the Debtor;

  -- provide advice and recommendations designed to assist the
     Committee in its analysis regarding the refinement of
     Debtor's cash management and cash flow forecasting process;

  -- assist the Committee in its review of Debtor's management,
     including management's development and execution of other
     restructuring-related activities;

  -- assist the Committee in its review of various financial
     reports prepared for submission to the applicable court, and,

     as mutually agreed, such other reports that may be requested
     by parties-in-interest;

  -- advise the Committee as it assesses Debtor's executory
     contracts, including assume versus reject considerations;

  -- assist the Committee in its review of management's
     development and execution of operationally oriented
     improvement opportunities, including supply chain
     optimization, distribution, logistics, and transportation
     issues;

  -- assist the Committee in evaluating claims asserted against
     the Debtor, including potential reclamation claims;

  -- assist and advise the Committee in its analysis of
     liquidation scenarios;

  -- advise the Committee in connection with its attendance and
     participation in hearings and meetings on matters within the
     scope of the Services to be performed under this engagement
     letter; and

  -- provide advice and recommendations with respect to other
     related matters as the Committee may request from time to
     time, as agreed to by Deloitte FAS.

Deloitte FAS will be paid at these hourly rates:

       Partner/Principal               $650-$745
       Director                        $550-$624
       Senior Manager Specialist       $550
       Sr. Manager/Sr. Vice President  $475-$495
       Manager/Vice President          $445
       Associate/Sr. Associate         $375-$395

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

Eric A. W. Danner, director of Deloitte FAS, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Deloitte FAS can be reached at:

       Eric A. W. Danner
       DELOITTE FINANCIAL ADVISORY SERVICES LLP
       200 Berkeley Street
       Boston, MA 02116
       Tel: (617) 437-3430
       Fax: (877) 328-3558

                      About Reed and Barton

Founded in 1824, Reed and Barton Corporation is a designer and
distributor of high quality silverware and tableware, along with
flatware, crystal drinkware, picture frames, ornaments, and baby
giftware.  Reed and Barton, which sells products with the Reed &
Barton, Lunt, R&B EveryDay, and Williamsburg brands, is based in
Taunton, Massachusetts.  The privately held company's stock is
owned by 28 record shareholders who either are descendants of
Henry Reed or trusts for their benefit.  Aside from selling its
products in department stores and TV shopping networks, the
company has an on-site factory store in Taunton and a showroom in
Atlanta, Georgia.

Reed and Barton sought Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 15-10534) in Boston, Massachusetts, on Feb. 17,
2015.  The case is assigned to Judge Henry J. Boroff.

The Debtor has tapped Holland & Knight, in Boston, as counsel;
Financo, LLC, as investment banker; and Verdolino & Lowey, P.C., as
accountant.

The Debtor disclosed $18.3 million in assets and $25.7 million in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 1 appointed three creditors to serve on
the official committee of unsecured creditors.


SABINE OIL: Amends Forbearance Agreement to Revolving Facility
--------------------------------------------------------------
Sabine Oil & Gas Corporation on July 1 disclosed that on June 30,
2015, it signed an amendment to its previously announced
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 contained in a report on Form 8-K filed on July 1 with
the SEC.

               About Sabine Oil & Gas Corporation

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


Sabine Oil reported a net loss including non-controlling interests
of $327 million in 2014, compared with net income including
non-controlling interests of $10.6 million in 2013.

Deloittee & Touche LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the uncertainty associated with
the Company's ability to repay its outstanding debt obligations as
they become due raises substantial doubt about its ability to
continue as a going concern.

                        Bankruptcy Warning

The Company's borrowing base under its New Revolving Credit
Facility was subject to its semi-annual redetermination on April
27, 2015, and was decreased to $750 million.  Since the Company's
New Revolving Credit Facility is fully drawn, the decrease in the
Company's borrowing base as a result of the redetermination
resulted in a deficiency of approximately $250 million which must
be repaid in six monthly installments of $41.54 million.

Additionally, the Company has elected to exercise its right to a
grace period with respect to a $15.3 million interest payment under
its Term Loan Facility.  The interest payment was due  April 21,
2015; however, such grace period permits the Company 30 days to
make such interest payment before an event of default occurs.  The
Company believes it is in the best interests of its stakeholders to
actively address the Company's debt and capital structure and
intends to continue discussions with its creditors and their
respective professionals during the 30-day grace period.  If the
Company fails to pay the interest payment during the 30-day   grace
period and does not obtain a waiver for the interest payment, an
event of default would exist under the Term Loan Facility and the
lenders under the Term Loan Facility would be able to accelerate
the debt.  However, the lenders would not be able to foreclose on
the collateral securing the Term Loan Facility until after the
expiration of the 180-day standstill.  If the Company continues to
fail to pay the interest payment, such failure could constitute a
cross default under certain of the Company's other indebtedness.
If the indebtedness under the Term Loan Facility or any of the
Company's other indebtedness is accelerated, the Company said it
may have to file for bankruptcy.
     
                            *    *    *

As reported by the TCR on May 27, 2015, Moody's Investors Service
downgraded Sabine Oil & Gas Corporation's Probability of Default
Rating to C-PD/LD from Caa3-PD and its Corporate Family Rating to C
from Caa3 following the company's announcement that it did not make
the interest payment due on its Second Lien Credit Agreement
following the expiration on May 21 of the 30-day grace period with
respect to its April 21, 2015, scheduled payment date.

The TCR reported on April 24, 2015, that Standard & Poor's Ratings
Services, lowered its corporate credit on Sabine Oil & Gas Corp. to
'D' from 'CCC'.  "The downgrade reflects the company's decision not
to pay approximately $15.3 million in interest that was due on
April 21, 2015, on its second-lien term loan," said Standard &
Poor's credit analyst Ben Tsocanos.


SHERSON GROUP: Chapter 15 Case Summary
--------------------------------------
Chapter 15 Petitioner: Gilles Benchaya
                       RICHTER ADVISORY GROUP INC.
                       181 Bay St., Suite 3320
                       Bay Wellington Tower
                       Toronto, ON M5J 2T3
                       Canada

Chapter 15 Debtor: Sherson Group Inc.
                   1446 Don Mills Road, Suite 100
                   Toronto, ON M3B 3N6
                   Canada

Chapter 15 Case No.: 15-11765

Type of Business: Distributor and retailer of footwear and
                  accessories

Chapter 15 Petition Date: July 6, 2015

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

Judge: Hon. Sean H. Lane

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

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million


STANDARD REGISTER: Court OKs Polsinelli as Committee Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of The Standard
Register Company and its debtor-affiliates sought and obtained
permission from the U.S. Bankruptcy Court for the District of
Delaware to retain Polsinelli PC as Delaware counsel and conflicts
counsel to the Committee, nunc pro tunc to March 24, 2015.

The Committee requires Polsinelli PC to:

   (a) in conjunction with Lowenstein, provide legal advice with
       respect to the powers and duties available to the
       Creditors' Committee, an official committee appointed under

       section 1102 of the Bankruptcy Code;

   (b) assist Lowenstein in the investigation of the acts,
       conduct, assets, liabilities and financial condition of the

       Debtors, the operation of the Debtors' businesses, and any
       other matter relevant to these cases or to the formulation
       of a plan or plans of reorganization or liquidation;

   (c) assist Lowenstein in preparing on behalf of the Creditors'
       Committee necessary applications, motions, complaints,
       answers, orders, agreements and other legal papers;

   (d) review, analyze, and assist Lowenstein in responding to all

       pleadings filed by the Debtors or other parties-in-interest

       in these Cases and appearing in Court to present necessary
       motions, applications and pleadings and to otherwise
       protect the interest of the Creditors' Committee;

   (e) consult with the Debtors and their professionals, other
       parties-in-interest and their professionals, and the U.S.
       Trustee concerning the administration of the Debtors'
       respective estates;

   (f) represent the Creditors' Committee at hearings and other
       judicial proceedings;

   (g) advise the Creditors' Committee on practice and procedure
       in the U.S. Bankruptcy court for the District of Delaware
       and with respect to the Local Rules and local practice; and

   (h) perform all other legal services for the Creditors'
       Committee in connection with these cases.

Polsinelli PC will be paid at these hourly rates:

       Christopher A. Ward      $585
       Justin K. Edelson        $378
       Jarrett K. Vine          $324
       Lindsey M. Suprum        $238.50
       Shareholders             $270-$900
       Associates & Sr Counsel  $180-$405
       Paraprofessionals        $90-$270

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

Christopher A. Ward, managing shareholder of the Delaware office of
Polsinelli, 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.

Polsinelli PC can be reached at:

       Christopher A. Ward, Esq.
       POLSINELLI PC
       222 Delaware Avenue, Suite 1101
       Wilmington, DE 19801
       Tel: (302) 252-0920
       Fax: (302) 252-0921

                     About Standard Register

Standard Register -- http://www.standardregister.com/-- provides
market-specific insights and a compelling portfolio of workflow,
content and analytics solutions to address the changing business
landscape in healthcare, financial services, manufacturing and
retail markets.  The Company has operations in all U.S. states and
Puerto Rico, and currently employs 3,500 full-time employees and 16
part-time employees.

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware on March 12, 2015, with plans to
launch a sale process where its largest secured lender would serve
as stalking horse bidder in an auction.

The cases are pending before the Honorable Judge Brendan L. Shannon
and are jointly administered under Case No. 15-10541.

The Debtors have tapped Gibson, Dunn & Crutcher LLP and Young
Conaway Stargatt & Taylor LLP as counsel; McKinsey Recovery &
Transformation Services U.S., LLC, as restructuring advisors; and
Prime Clerk LLC as claims agent.

The Official Committee of Unsecured Creditors tapped Lowenstein
Sandler LLP as its counsel and Jefferies LLC as its exclusive
investment banker.


STANDARD REGISTER: Creditors' Panel Taps Zolfo Cooper as Advisors
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of The Standard
Register Company and its debtor-affiliates sought and obtained
permission from the U.S. Bankruptcy Court for the District of
Delaware to retain Zolfo Cooper, LLC as financial and forensic
advisors to the Committee, effective March 24, 2015.

The Committee requires Zolfo Cooper to:

   (a) Monitor the Debtors' cash flow and operating performance,
       including:

       - comparing actual financial and operating results to
         plans,

       - evaluating the adequacy of financial and operating
         controls,

       - tracking the status of the Debtors'/Debtors'
         professionals' progress relative to developing and
         implementing programs such as preparation of a business
         plan, identifying and disposing of non-productive assets,

         and other such activities,

       - preparing periodic presentations to the Committee
         summarizing findings and observations resulting from ZC's

         monitoring activities;

   (b) analyze and comment on operating and cash flow projections,

       business plans, operating results, financial statements,
       other documents and information provided by the
       Debtors/Debtors' professionals, and other information and
       data pursuant to the Committee's request;

   (c) advise the Committee concerning interfacing with the
       Debtors, other constituencies and their respective
       professionals;

   (d) prepare for and attend meetings of the Committee and
       subcommittees thereof;

   (e) analyze claims and perform investigations of potential
       preferential transfers, fraudulent conveyances, related-
       party transactions and such other transactions as may be
       requested by the Committee;

   (f) analyze and advise the Committee about the Debtors'
       proposed Plan of Reorganization, the underlying Business
       Plan, including the related assumptions and rationale, and
       the related Disclosure Statement;

   (g) provide forensic and litigation consulting services at the
       direction of the Committee's legal counsel; and

   (h) provide other services as requested by the Committee.

Zolfo Cooper will be paid at these hourly rates:

       Managing Directors       $775-$925
       Professional Staff       $265-$770
       Support Personnel        $60-$310

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

David MacGreevey, managing director of Zolfo Cooper, 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.

Zolfo Cooper can be reached at:

       David MacGreevey
       ZOLFO COOPER, LLC
       101 Eisenhower Parkway, 3rd Floor
       Roseland, NJ 07068
       Tel: (212) 561-4090
       Fax: (212) 213-1749
       E-mail: ccarnaval@zolfocooper.com

                     About Standard Register

Standard Register -- http://www.standardregister.com/-- provides
market-specific insights and a compelling portfolio of workflow,
content and analytics solutions to address the changing business
landscape in healthcare, financial services, manufacturing and
retail markets.  The Company has operations in all U.S. states and
Puerto Rico, and currently employs 3,500 full-time employees and 16
part-time employees.

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware on March 12, 2015, with plans to
launch a sale process where its largest secured lender would serve
as stalking horse bidder in an auction.

The cases are pending before the Honorable Judge Brendan L. Shannon
and are jointly administered under Case No. 15-10541.

The Debtors have tapped Gibson, Dunn & Crutcher LLP and Young
Conaway Stargatt & Taylor LLP as counsel; McKinsey Recovery &
Transformation Services U.S., LLC, as restructuring advisors; and
Prime Clerk LLC as claims agent.

The Official Committee of Unsecured Creditors tapped Lowenstein
Sandler LLP as its counsel and Jefferies LLC as its exclusive
investment banker.


STUART M. LEDIS LLC: Case Summary & 4 Top Unsecured Creditors
-------------------------------------------------------------
Debtor: Stuart M. Ledis, LLC
        5500 Military Trail, 22-143
        Jupiter, FL 33458

Case No.: 15-22105

Chapter 11 Petition Date: July 3, 2015

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Erik P. Kimball

Debtor's Counsel: David L. Merrill, Esq.
                  MERRILL PA
                  525 S Flagler Drive, 5th Floor
                  West Palm Beach, FL 33401
                  Tel: 561.877-1111
                  Email: dlmerrill@merrillpa.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stuart M Ledis, managing member.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb15-22105.pdf


TRADE SECRET: Buyer Held Liable for $317K Damages Award
-------------------------------------------------------
Regis Corporation purchased the assets of Trade Secret, Inc., and
its affiliates in bankruptcy.  Thereafter, the Bankruptcy Court
held Regis liable for damages in the amount of $317,000 awarded
against the Debtors in an arbitration proceeding and for attorneys'
fees.  The District Court affirmed.

The U.S. Court of Appeals for the Third Circuit affirmed the
District Court's ruling, finding that the "commence any action or
proceeding" language under the "Fees and Expenses" provisions of
the Franchise Agreements reflects the event that triggers the
application of the provision and makes clear that it only applies
if a dispute resolution mechanism is initiated.  The remainder of
the provision explains the circumstances when fees and expenses
will be paid and who is obligated to pay them, the Third Circuit
pointed out.  Thus, the more sensible reading is that "in
connection therewith" modifies "action or proceeding," and
therefore, under the Franchise Agreements, the prevailing party is
entitled to fees and expenses incurred in connection with the
action or proceedings generally, not merely its commencement, the
Third Circuit said.

The Third Circuit concluded that the Bankruptcy Court's conclusion
that Houston BW, Inc., a franchisee, is entitled to fees and
expenses related to the Arbitration Award is correct.  Houston
provided a detailed breakdown of the hours billed in connection
with its efforts to collect payment of the Arbitration Award, and
the rates that applied, the Third Circuit said.  Houston incurred
fees and expenses associated with post-arbitration motions,
including motions to vacate the Arbitration Award and to block the
return of the funds Houston posted with the Kansas state court when
it obtained the TRO, the Third Circuit added.  It also expended
resources monitoring the Assignees' bankruptcy proceedings, making
demands on Regis for payment, and pursuing payment from Regis via
the motion to enforce, the Third Circuit noted.  Given that the
"Fees and Expenses" provisions provide that the losing party is
liable for "all costs and expenses" incurred in connection with
proceedings for damages, which reasonably involve collection of
them, the Third Circuit cannot say that the Bankruptcy Court abused
its discretion in concluding that the fees and expenses requested
by Houston were "reasonable, necessary and appropriate", or given
the language of the Dismissal Order, in ordering Regis to pay
them.

Circuit Judge Shwartz of the United States Court of Appeals, Third
Circuit, affirmed the District Court’s order affirming the
Bankruptcy Court’s orders granting Houston’s motions to enforce
and for attorneys’ fees in the appeal case captioned In re: TRADE
SECRET INC., et al.

The appeals case is REGIS CORPORATION, Appellant, v. SOUTHERN EL
DORADO CORPORATION, f/k/a HOUSTON BW INC., Case Nos. 14-3385,
14-3386, (3d Cir.).

The bankruptcy case is In re: TRADE SECRET INC., et al., Case No.
10-12153 (Bankr. D. Del.).

A full-text copy of the Third Circuit's Opinion dated June 10,
2015, is available at http://is.gd/JoS5Cifrom Leagle.com.

                       About Premier Salons

Premier Salons Beauty Inc., Trade Secret Inc., and six affiliates
filed for bankruptcy protection on July 6 (Bankr. D. Del. Lead
Case No. 10-12153).  The Chapter 11 petitions of Premier Salons
and Trade Secret each estimated assets of up to $50,000 and debts
of up to $50 million.

Trade Secret and its affiliates currently own and operate
approximately 612 retail and salon locations in shopping malls and
strip centers throughout the United States and Puerto Rico, on a
collective basis.  The Trade Secret Group consists of stores
operating primarily under four trade names: Trade Secret, Beauty
Express, BeautyFirst, and PureBeauty(R).

Joseph M. Barry, Esq., at Young, Conaway, Stargatt & Taylor,
represents the Debtors in their Chapter 11 effort.  Epiq
Bankruptcy Solutions, LLC, is claims agent to the Debtors.

Non-debtor affiliates Premier Salons, Inc. and Premier Salons Ltd.
and its U.S. and Canadian corporate affiliates own and operate 340
hair and cosmetic service salons throughout North America, with
locations in specialty stores such as Saks, Sears, and Macy's.


TROCOM CONSTRUCTION: Hires Cullen and Dykman as Counsel
-------------------------------------------------------
Trocom Construction Corp. seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of New York to employ
Cullen and Dykman LLP as counsel, nunc pro tunc to the May 7, 2015
petition date.

The Debtor requires Cullen and Dykman to:

   (a) advise the Debtor with respect to its powers and duties in
       the continued operation of its business and management of
       its property as a debtor and debtor-in-possession;

   (b) represent the Debtor before the Court, and any other court
       of competent jurisdiction, on matters pertaining to its
       affairs as a debtor and debtor-in-possession, including
       prosecuting and defending litigated matters that may arise
       during this Chapter 11 case;

   (c) advise and assist the Debtor in the preparation and
       negotiation of a plan of reorganization with its creditors
       and other parties in interest;

   (d) prepare all necessary or appropriate applications, motions,

       complaints, answers, orders, reports and other legal
       documents; and

   (e) perform all other legal services for the Debtor that may be

       desirable and necessary in this Chapter 11 case;

   (f) take all necessary actions to protect and preserve the
       value of the estate of the Debtor and other related
       matters.

Cullen and Dykman will be paid at these hourly rates:

       Matthew G. Roseman, Partner        $525
       C. Nathan Dee, Partner             $485
       Bonnie L. Pollack, Partner         $485
       Jean-Pierre van Lent, Partner      $445
       Elizabeth M. Aboulafia, Associate  $370
       Alissa Piccione, Law Clerk         $250
       Members and Counsel                $250-$550
       Associates                         $150-$375
       Paraprofessionals                  $75-$190

Cullen and Dykman will also be reimbursed for reasonable
out-of-pocket expenses incurred

The Debtor paid Cullen and Dykman a total retainer of $50,000.
Cullen and Dykman provided services to the Debtor and incurred
professional fees and related expense in the amount of $186,646.50
prior to the petition date. After application of the Retainer, a
balance of $136,646.50 remained due and owing to Cullen and Dykman.
Cullen and Dykman agreed to waive the sum agains the Debtor.

C. Nathan Dee, member of Cullen and Dykman, 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.

Cullen and Dykman can be reached at:

       C. Nathan Dee, Esq.
       CULLEN AND DYKMAN LLP
       100 Quentin Roosevelt Blvd.
       Garden City, NY 11530
       Tel: (516) 357-3700

                       About Trocom Construction

Trocom Construction Corp. was formed in 1969 by Salvatore Trovato.
The Company is in the heavy construction business.  Its primary
customer is the City of New York through its various agencies.  The
Company has 75 employees, the majority of whom are members of
various unions.  Joseph Trovato is presently the president and
holder of 100% of the voting shares of Trocom.

Trocom commenced a Chapter 11 bankruptcy case (Bankr. E.D.N.Y. Case
No. 15-42145) on May 7, 2015, in Brooklyn.  

Judge Nancy Hershey Lord presides over the case.  The Debtor tapped
Cullen & Dykman, LLP, as its general bankruptcy counsel.

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

According to the docket, the Chapter 11 plan and disclosure
statement are due Sept. 4, 2015.


UNIVISION COMMUNICATIONS: Fitch Keeps 'B' IDR Over Debentures Plan
------------------------------------------------------------------
Univision Communications Inc.'s (UVN) 'B' Issuer Default Rating
(IDR) is unaffected by its announcement that it plans to convert
$1.125 billion of debentures held by Grupo Televisa (Televisa) to
equity and that the company has filed for an IPO, according to
Fitch Ratings.  The company expects to use proceeds from the IPO to
repay debt.

Although Fitch recognizes that these events are all credit
positives, they are insufficient to warrant a ratings change at
this time.  Pro forma for the debentures conversion, estimated net
IPO proceeds and cash consideration paid by UVN to Televisa for the
debt conversion, Fitch calculates that total leverage improves from
8.9x to 7.9x while net leverage improves from 8.6x to 7.8x.  A
positive rating action would coincide with total leverage being
reduced below 7.0x.  Fitch would consider a positive outlook if IPO
proceeds are sufficient enough to reduce leverage below 7.5x and we
see a reasonable path to delevering below 7.0x.  Fitch will revisit
the rating once final net IPO proceeds and resultant debt repayment
amounts are finalized.

UVN will be converting $1.125 billion of debentures held by
Televisa into warrants that are exercisable for new class of UVN's
common stock.  The debentures were issued in 2010 as part of a
renegotiation of the Program Licensing Agreement (PLA) between the
two entities and were convertible into 30% equity stake in UVN at
Televisa's option.  Televisa also received an option to acquire an
additional 5% at fair market value at the time of exercise.  The
conversion, which will reduce annual interest expense by $16.7
million, is taking place simultaneously with an amendment to the
PLA that will reduce the annual royalty rate on substantially all
of UVN's Spanish-language media networks revenue paid to Televisa
and extend the current expiration date from 2025 to 2030.

UVN has also announced that it has filed for an IPO.  The company
did not disclose the number of shares or the price range, but they
stated the traditional $100 million figure to calculate
registration fees in their offering.  Market indications released
earlier this year suggested the company could raise more than $1
billion.  The S-1 states that the use of proceeds will be paying
down indebtedness.

Fitch currently rates UVN as:

   -- Issuer Default Rating 'B';
   -- Senior secured 'B+/RR3';
   -- Senior unsecured 'CCC+/RR6'.



WALDRON ENERGY: Toronto Stock Exchange Extends Delisting Review
---------------------------------------------------------------
Waldron Energy Corporation on July 2 disclosed that the Toronto
Stock Exchange has extended its delisting review of the
Corporation's common shares for a period of 30 days.

The TSX currently intends to make a decision regarding the
Corporation's eligibility for continued listing on the TSX by
August 3, 2015. This is an extension from an earlier TSX review
date of July 3, 2015, as previously announced by the Corporation on
June 4, 2015.  The July 3, 2015 review date was an extension from
the original review date of June 8, 2015, as previously announced
by the Corporation on April 8, 2015.

The Corporation has been granted this extension to allow additional
time to demonstrate compliance with the continued listing
requirements of the TSX, pursuant to the TSX's Remedial Review
Process.

Waldron -- http://www.waldronenergy.ca-- is a Calgary, Alberta
based corporation engaged in the exploration, development and
production of petroleum and natural gas.  The Corporation's common
shares are currently listed on the Toronto Stock Exchange under the
trading symbol "WDN."



[^] Large Companies With Insolvent Balance Sheet
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                                                Total
                                               Share-      Total
                                     Total    Holders'    Working
                                    Assets      Equity    Capital
  Company          Ticker             ($MM)       ($MM)      ($MM)
  -------          ------           ------    --------    -------
ABSOLUTE SOFTWRE   OU1 GR            111.9        (5.5)      (0.6)
ABSOLUTE SOFTWRE   ALSWF US          111.9        (5.5)      (0.6)
ABSOLUTE SOFTWRE   ABT CN            111.9        (5.5)      (0.6)
ACCRETIVE HEALTH   ACHI US           446.4      (142.2)     (32.7)
ADVANCED EMISSIO   OXQ1 GR           106.4       (46.1)     (15.3)
ADVANCED EMISSIO   ADES US           106.4       (46.1)     (15.3)
ADVENT SOFTWARE    AXQ GR            424.8       (50.1)    (110.8)
ADVENT SOFTWARE    ADVS US           424.8       (50.1)    (110.8)
AEROJET ROCKETDY   AJRD US         1,911.7      (126.4)     109.8
AEROJET ROCKETDY   GCY GR          1,911.7      (126.4)     109.8
AEROJET ROCKETDY   GCY TH          1,911.7      (126.4)     109.8
AIR CANADA         ACDVF US       11,581.0    (1,213.0)     (95.0)
AIR CANADA         ACEUR EU       11,581.0    (1,213.0)     (95.0)
AIR CANADA         ADH2 TH        11,581.0    (1,213.0)     (95.0)
AIR CANADA         ADH2 GR        11,581.0    (1,213.0)     (95.0)
AIR CANADA         AC CN          11,581.0    (1,213.0)     (95.0)
AK STEEL HLDG      AKS* MM         4,556.3      (392.9)     949.0
AK STEEL HLDG      AK2 GR          4,556.3      (392.9)     949.0
AK STEEL HLDG      AK2 TH          4,556.3      (392.9)     949.0
AK STEEL HLDG      AKS US          4,556.3      (392.9)     949.0
ALLIANCE HEALTHC   AIQ US            551.6       (88.9)      46.7
AMC NETWORKS-A     AMCX US         4,049.4       (89.4)     597.5
AMC NETWORKS-A     9AC GR          4,049.4       (89.4)     597.5
AMC NETWORKS-A     AMCX* MM        4,049.4       (89.4)     597.5
AMER RESTAUR-LP    ICTPU US           33.5        (4.0)      (6.2)
AMYLIN PHARMACEU   AMLN US         1,998.7       (42.4)     263.0
ANGIE'S LIST INC   8AL GR            178.8       (15.6)     (13.1)
ANGIE'S LIST INC   ANGI US           178.8       (15.6)     (13.1)
ASPEN TECHNOLOGY   AZPN US           317.1       (26.8)     (17.4)
ASPEN TECHNOLOGY   AST GR            317.1       (26.8)     (17.4)
AUTOZONE INC       AZ5 GR          8,032.4    (1,643.2)    (742.6)
AUTOZONE INC       AZOEUR EU       8,032.4    (1,643.2)    (742.6)
AUTOZONE INC       AZ5 TH          8,032.4    (1,643.2)    (742.6)
AUTOZONE INC       AZO US          8,032.4    (1,643.2)    (742.6)
AVID TECHNOLOGY    AVD GR            182.0      (344.7)    (165.7)
AVID TECHNOLOGY    AVID US           182.0      (344.7)    (165.7)
AVINGER INC        AVGR US            23.1       (16.1)      13.3
AVINTIV SPECIALT   POLGA US        1,901.8       (12.6)     315.2
BARRACUDA NETWOR   7BM GR            389.3       (39.1)      29.1
BARRACUDA NETWOR   CUDA US           389.3       (39.1)      29.1
BARRACUDA NETWOR   CUDAEUR EU        389.3       (39.1)      29.1
BERRY PLASTICS G   BP0 GR          5,214.0       (73.0)     758.0
BERRY PLASTICS G   BERY US         5,214.0       (73.0)     758.0
BRINKER INTL       BKJ GR          1,437.3       (32.1)    (216.6)
BRINKER INTL       EAT US          1,437.3       (32.1)    (216.6)
BURLINGTON STORE   BURL US         2,683.1       (30.4)     161.9
BURLINGTON STORE   BURL* MM        2,683.1       (30.4)     161.9
BURLINGTON STORE   BUI GR          2,683.1       (30.4)     161.9
CABLEVISION SY-A   CVCEUR EU       6,701.2    (5,022.6)      50.8
CABLEVISION SY-A   CVY TH          6,701.2    (5,022.6)      50.8
CABLEVISION SY-A   CVC US          6,701.2    (5,022.6)      50.8
CABLEVISION SY-A   CVY GR          6,701.2    (5,022.6)      50.8
CABLEVISION-W/I    CVC-W US        6,701.2    (5,022.6)      50.8
CABLEVISION-W/I    8441293Q US     6,701.2    (5,022.6)      50.8
CADIZ INC          CDZI US            66.0       (44.1)     (22.9)
CAMBIUM LEARNING   ABCD US           154.9       (77.3)     (19.9)
CARBYLAN THERAPE   CBYL US             7.7        (9.4)      (6.7)
CASELLA WASTE      CWST US           654.4       (20.9)       4.9
CASELLA WASTE      WA3 GR            654.4       (20.9)       4.9
CEDAR FAIR LP      7CF GR          2,005.9       (21.2)     (74.4)
CEDAR FAIR LP      FUN US          2,005.9       (21.2)     (74.4)
CENTENNIAL COMM    CYCL US         1,480.9      (925.9)     (52.1)
CHOICE HOTELS      CHH US            661.1      (413.5)     175.4
CHOICE HOTELS      CZH GR            661.1      (413.5)     175.4
CINCINNATI BELL    CIB GR          1,733.0      (599.6)      46.3
CINCINNATI BELL    CBB US          1,733.0      (599.6)      46.3
CLEAR CHANNEL-A    CCO US          6,179.8      (255.3)     410.7
CLEAR CHANNEL-A    C7C GR          6,179.8      (255.3)     410.7
CLIFFS NATURAL R   CLF2EUR EU      2,702.6    (1,782.1)     677.9
CLIFFS NATURAL R   CVA TH          2,702.6    (1,782.1)     677.9
CLIFFS NATURAL R   CVA GR          2,702.6    (1,782.1)     677.9
CLIFFS NATURAL R   CLF* MM         2,702.6    (1,782.1)     677.9
CLIFFS NATURAL R   CLF US          2,702.6    (1,782.1)     677.9
CODE REBEL CORP    CDRB US             0.5        (1.6)      (1.4)
COLLEGIUM PHARMA   COLL US             5.1       (12.2)      (5.9)
COMVERSE INC       CM1 GR            577.9        (7.2)      59.9
COMVERSE INC       CNSI US           577.9        (7.2)      59.9
CONNECTURE INC     CNXR US            96.0       (33.2)     (24.9)
CONNECTURE INC     2U7 GR             96.0       (33.2)     (24.9)
CORINDUS VASCULA   CVRS US             0.3        (0.4)      (0.4)
CORIUM INTERNATI   CORI US            62.7        (0.4)      35.9
CORIUM INTERNATI   6CU GR             62.7        (0.4)      35.9
CYAN INC           YCN GR            112.1       (18.4)      56.9
CYAN INC           CYNI US           112.1       (18.4)      56.9
DELEK LOGISTICS    D6L GR            332.6       (20.6)      11.8
DELEK LOGISTICS    DKL US            332.6       (20.6)      11.8
DIRECTV            DIG1 GR        24,301.0    (4,280.0)     482.0
DIRECTV            DTVEUR EU      24,301.0    (4,280.0)     482.0
DIRECTV            DTV CI         24,301.0    (4,280.0)     482.0
DIRECTV            DTV US         24,301.0    (4,280.0)     482.0
DOMINO'S PIZZA     EZV GR            637.0    (1,213.6)     170.7
DOMINO'S PIZZA     EZV TH            637.0    (1,213.6)     170.7
DOMINO'S PIZZA     DPZ US            637.0    (1,213.6)     170.7
DUN & BRADSTREET   DNB1EUR EU      2,027.7    (1,201.3)    (276.7)
DUN & BRADSTREET   DB5 TH          2,027.7    (1,201.3)    (276.7)
DUN & BRADSTREET   DB5 GR          2,027.7    (1,201.3)    (276.7)
DUN & BRADSTREET   DNB US          2,027.7    (1,201.3)    (276.7)
DUNKIN' BRANDS G   2DB GR          3,360.1       (84.9)     278.7
DUNKIN' BRANDS G   2DB TH          3,360.1       (84.9)     278.7
DUNKIN' BRANDS G   DNKN US         3,360.1       (84.9)     278.7
DURATA THERAPEUT   DRTX US            82.1       (16.1)      11.7
DURATA THERAPEUT   DRTXEUR EU         82.1       (16.1)      11.7
DURATA THERAPEUT   DTA GR             82.1       (16.1)      11.7
EDGEN GROUP INC    EDG US            883.8        (0.8)     409.2
EOS PETRO INC      EOPT US             1.2       (28.0)     (29.1)
EXELIXIS INC       EXEL US           282.9      (146.8)      66.4
EXELIXIS INC       EX9 GR            282.9      (146.8)      66.4
EXELIXIS INC       EXELEUR EU        282.9      (146.8)      66.4
EXELIXIS INC       EX9 TH            282.9      (146.8)      66.4
FENIX PARTS INC    FENX US             0.9        (1.9)      (1.9)
FENIX PARTS INC    9FP GR              0.9        (1.9)      (1.9)
FERRELLGAS-LP      FEG GR          1,592.9      (103.4)      23.7
FERRELLGAS-LP      FGP US          1,592.9      (103.4)      23.7
FREESCALE SEMICO   1FS GR          3,096.0    (3,454.0)   1,174.0
FREESCALE SEMICO   FSL US          3,096.0    (3,454.0)   1,174.0
FREESCALE SEMICO   1FS TH          3,096.0    (3,454.0)   1,174.0
FREESCALE SEMICO   FSLEUR EU       3,096.0    (3,454.0)   1,174.0
GAMING AND LEISU   2GL GR          2,552.5      (125.5)       1.1
GAMING AND LEISU   GLPI US         2,552.5      (125.5)       1.1
GARDA WRLD -CL A   GW CN           1,401.9      (325.2)      39.5
GARTNER INC        GGRA GR         1,789.4      (139.5)    (420.1)
GARTNER INC        IT US           1,789.4      (139.5)    (420.1)
GENESIS HEALTHCA   GEN US          6,031.4      (205.5)     209.3
GENESIS HEALTHCA   SH11 GR         6,031.4      (205.5)     209.3
GENTIVA HEALTH     GTIV US         1,225.2      (285.2)     130.0
GENTIVA HEALTH     GHT GR          1,225.2      (285.2)     130.0
GLAUKOS CORP       6GJ GR             28.3        (4.4)      (4.9)
GLAUKOS CORP       GKOS US            28.3        (4.4)      (4.9)
GLG PARTNERS INC   GLG US            400.0      (285.6)     156.9
GLG PARTNERS-UTS   GLG/U US          400.0      (285.6)     156.9
GOLD RESERVE INC   GDRZF US           17.9       (24.6)     (35.0)
GOLD RESERVE INC   GRZ CN             17.9       (24.6)     (35.0)
GOLD RESERVE INC   GOD GR             17.9       (24.6)     (35.0)
GRAHAM PACKAGING   GRM US          2,947.5      (520.8)     298.5
GREENSHIFT CORP    VD4B GR             1.3       (40.7)     (39.9)
GYMBOREE CORP/TH   GYMB US         1,206.6      (352.8)      30.7
HCA HOLDINGS INC   HCAEUR EU      31,288.0    (6,222.0)   1,958.0
HCA HOLDINGS INC   2BH GR         31,288.0    (6,222.0)   1,958.0
HCA HOLDINGS INC   2BH TH         31,288.0    (6,222.0)   1,958.0
HCA HOLDINGS INC   HCA US         31,288.0    (6,222.0)   1,958.0
HD SUPPLY HOLDIN   5HD GR          6,321.0      (498.0)   1,400.0
HD SUPPLY HOLDIN   HDS US          6,321.0      (498.0)   1,400.0
HERBALIFE LTD      HOO GR          2,388.9      (301.2)     259.3
HERBALIFE LTD      HLFEUR EU       2,388.9      (301.2)     259.3
HERBALIFE LTD      HLF US          2,388.9      (301.2)     259.3
HOVNANIAN-A-WI     HOV-W US        2,517.0      (146.3)   1,516.6
HUGHES TELEMATIC   HUTCU US          110.2      (101.6)    (113.8)
IEG HOLDINGS COR   IEGHD US            -          (3.8)      (0.6)
IHEARTMEDIA INC    IHRT US        13,581.9   (10,153.7)     683.9
INCYTE CORP        INCYEUR EU        862.6       (41.4)     466.6
INCYTE CORP        INCY US           862.6       (41.4)     466.6
INCYTE CORP        ICY TH            862.6       (41.4)     466.6
INCYTE CORP        ICY GR            862.6       (41.4)     466.6
INFOR US INC       LWSN US         6,778.1      (460.0)    (305.9)
INVENTIV HEALTH    VTIV US         2,154.4      (613.8)      84.5
IPCS INC           IPCS US           559.2       (33.0)      72.1
ISTA PHARMACEUTI   ISTA US           124.7       (64.8)       2.2
JUST ENERGY GROU   JE CN           1,297.2      (638.8)     (87.0)
JUST ENERGY GROU   JE US           1,297.2      (638.8)     (87.0)
JUST ENERGY GROU   1JE GR          1,297.2      (638.8)     (87.0)
KEMPHARM INC       KMPH US            14.1       (26.1)       6.3
KEMPHARM INC       1GD GR             14.1       (26.1)       6.3
L BRANDS INC       LB* MM          6,638.0      (606.0)     927.0
L BRANDS INC       LB US           6,638.0      (606.0)     927.0
L BRANDS INC       LBEUR EU        6,638.0      (606.0)     927.0
L BRANDS INC       LTD QT          6,638.0      (606.0)     927.0
L BRANDS INC       LTD GR          6,638.0      (606.0)     927.0
L BRANDS INC       LTD TH          6,638.0      (606.0)     927.0
LANTHEUS HOLDING   LNTH US           248.7      (240.5)      37.4
LEAP WIRELESS      LWI TH          4,662.9      (125.1)     346.9
LEAP WIRELESS      LWI GR          4,662.9      (125.1)     346.9
LEAP WIRELESS      LEAP US         4,662.9      (125.1)     346.9
LEE ENTERPRISES    LEE US            779.6      (165.1)     (20.2)
LENNOX INTL INC    LXI GR          1,879.5       (16.2)     369.8
LENNOX INTL INC    LII US          1,879.5       (16.2)     369.8
LORILLARD INC      LO US           4,154.0    (2,134.0)   1,135.0
LORILLARD INC      LLV TH          4,154.0    (2,134.0)   1,135.0
LORILLARD INC      LLV GR          4,154.0    (2,134.0)   1,135.0
MAJESCOR RESOURC   MJXEUR EU           0.1        (3.2)      (3.2)
MANNKIND CORP      MNKD US           360.0       (97.0)    (222.5)
MANNKIND CORP      MNKDEUR EU        360.0       (97.0)    (222.5)
MANNKIND CORP      NNF1 GR           360.0       (97.0)    (222.5)
MANNKIND CORP      NNF1 TH           360.0       (97.0)    (222.5)
MARRIOTT INTL-A    MAQ TH          6,803.0    (2,537.0)  (1,202.0)
MARRIOTT INTL-A    MAR US          6,803.0    (2,537.0)  (1,202.0)
MARRIOTT INTL-A    MAQ GR          6,803.0    (2,537.0)  (1,202.0)
MDC COMM-W/I       MDZ/W CN        1,640.1      (196.6)    (284.0)
MDC PARTNERS-A     MD7A GR         1,640.1      (196.6)    (284.0)
MDC PARTNERS-A     MDZ/A CN        1,640.1      (196.6)    (284.0)
MDC PARTNERS-A     MDCA US         1,640.1      (196.6)    (284.0)
MDC PARTNERS-EXC   MDZ/N CN        1,640.1      (196.6)    (284.0)
MERITOR INC        AID1 GR         2,317.0      (570.0)     268.0
MERITOR INC        MTOR US         2,317.0      (570.0)     268.0
MERRIMACK PHARMA   MP6 GR            127.0      (128.8)      (4.4)
MERRIMACK PHARMA   MACK US           127.0      (128.8)      (4.4)
MICHAELS COS INC   MIK US          1,922.7    (2,031.3)     471.7
MICHAELS COS INC   MIM GR          1,922.7    (2,031.3)     471.7
MONEYGRAM INTERN   MGI US          4,578.9      (261.8)     (45.4)
MOODY'S CORP       DUT GR          4,976.0      (146.2)   1,901.1
MOODY'S CORP       DUT TH          4,976.0      (146.2)   1,901.1
MOODY'S CORP       MCOEUR EU       4,976.0      (146.2)   1,901.1
MOODY'S CORP       DUT QT          4,976.0      (146.2)   1,901.1
MOODY'S CORP       MCO US          4,976.0      (146.2)   1,901.1
MORGANS HOTEL GR   M1U GR            532.4      (246.2)      31.0
MORGANS HOTEL GR   MHGC US           532.4      (246.2)      31.0
MOXIAN CHINA INC   MOXC US             9.5        (6.4)     (13.7)
MPG OFFICE TRUST   1052394D US     1,280.0      (437.3)       -
NATHANS FAMOUS     NATH US            84.7       (59.9)      61.6
NATIONAL CINEMED   XWM GR            985.6      (219.8)      63.5
NATIONAL CINEMED   NCMI US           985.6      (219.8)      63.5
NAVISTAR INTL      IHR GR          6,925.0    (4,744.0)     770.0
NAVISTAR INTL      NAV US          6,925.0    (4,744.0)     770.0
NAVISTAR INTL      IHR TH          6,925.0    (4,744.0)     770.0
NEFF CORP-CL A     NEFF US           634.4      (202.7)     (12.8)
NEW ENG RLTY-LP    NEN US            175.7       (29.1)       -
NORTHWEST BIO      NWBO US            49.4       (70.7)     (86.3)
NORTHWEST BIO      NBYA GR            49.4       (70.7)     (86.3)
NUGENE INTERNATI   NUGN US             0.0        (0.0)      (0.0)
OCATA THERAPEUTI   OCAT US             4.9        (2.1)      (0.3)
OCATA THERAPEUTI   T2N1 GR             4.9        (2.1)      (0.3)
OMTHERA PHARMACE   OMTH US            18.3        (8.5)     (12.0)
PALM INC           PALM US         1,007.2        (6.2)     141.7
PBF LOGISTICS LP   PBFX US           402.3      (112.0)      30.1
PBF LOGISTICS LP   11P GR            402.3      (112.0)      30.1
PHILIP MORRIS IN   4I1 QT         33,255.0   (12,246.0)    (705.0)
PHILIP MORRIS IN   PM FP          33,255.0   (12,246.0)    (705.0)
PHILIP MORRIS IN   PM1CHF EU      33,255.0   (12,246.0)    (705.0)
PHILIP MORRIS IN   4I1 GR         33,255.0   (12,246.0)    (705.0)
PHILIP MORRIS IN   PMI SW         33,255.0   (12,246.0)    (705.0)
PHILIP MORRIS IN   PM US          33,255.0   (12,246.0)    (705.0)
PHILIP MORRIS IN   4I1 TH         33,255.0   (12,246.0)    (705.0)
PHILIP MORRIS IN   PM1 TE         33,255.0   (12,246.0)    (705.0)
PHILIP MORRIS IN   PM1EUR EU      33,255.0   (12,246.0)    (705.0)
PLAYBOY ENTERP-A   PLA/A US          165.8       (54.4)     (16.9)
PLAYBOY ENTERP-B   PLA US            165.8       (54.4)     (16.9)
PLY GEM HOLDINGS   PGEM US         1,231.9      (150.1)     241.4
PLY GEM HOLDINGS   PG6 GR          1,231.9      (150.1)     241.4
POLYMER GROUP-B    POLGB US        1,901.8       (12.6)     315.2
PROTALEX INC       PRTX US             0.6       (11.5)       0.0
PROTECTION ONE     PONE US           562.9       (61.8)      (7.6)
QUALITY DISTRIBU   QLTY US           417.9       (26.9)     110.6
QUALITY DISTRIBU   QDZ GR            417.9       (26.9)     110.6
QUINTILES TRANSN   Q US            3,236.7      (612.3)     778.1
QUINTILES TRANSN   QTS GR          3,236.7      (612.3)     778.1
RAYONIER ADV       RYAM US         1,281.8       (52.6)     179.2
RAYONIER ADV       RYQ GR          1,281.8       (52.6)     179.2
RE/MAX HOLDINGS    2RM GR            362.5        (0.2)      41.0
RE/MAX HOLDINGS    RMAX US           362.5        (0.2)      41.0
REGAL ENTERTAI-A   RETA GR         2,484.4      (911.5)    (118.6)
REGAL ENTERTAI-A   RGC* MM         2,484.4      (911.5)    (118.6)
REGAL ENTERTAI-A   RGC US          2,484.4      (911.5)    (118.6)
RENAISSANCE LEA    RLRN US            57.0       (28.2)     (31.4)
RENTPATH INC       PRM US            208.0       (91.7)       3.6
REVLON INC-A       RVL1 GR         1,873.7      (658.9)     315.1
REVLON INC-A       REV US          1,873.7      (658.9)     315.1
ROUNDY'S INC       RNDY US         1,112.5       (87.0)      80.0
RURAL/METRO CORP   RURL US           303.7       (92.1)      72.4
RYERSON HOLDING    RYI US          1,903.2      (135.0)     706.3
RYERSON HOLDING    7RY GR          1,903.2      (135.0)     706.3
SALLY BEAUTY HOL   S7V GR          2,134.9      (261.0)     766.9
SALLY BEAUTY HOL   SBH US          2,134.9      (261.0)     766.9
SBA COMM CORP-A    SBACEUR EU      7,527.3    (1,036.8)      38.5
SBA COMM CORP-A    SBJ GR          7,527.3    (1,036.8)      38.5
SBA COMM CORP-A    SBJ TH          7,527.3    (1,036.8)      38.5
SBA COMM CORP-A    SBAC US         7,527.3    (1,036.8)      38.5
SCIENTIFIC GAM-A   SGMS US         9,703.4      (189.4)     686.9
SCIENTIFIC GAM-A   TJW GR          9,703.4      (189.4)     686.9
SEARS HOLDINGS     SEE GR         13,290.0    (1,182.0)      24.0
SEARS HOLDINGS     SEE TH         13,290.0    (1,182.0)      24.0
SEARS HOLDINGS     SHLD US        13,290.0    (1,182.0)      24.0
SEARS HOLDINGS     SEE QT         13,290.0    (1,182.0)      24.0
SILVER SPRING NE   SSNI US           528.2       (94.3)     (10.2)
SILVER SPRING NE   9SI TH            528.2       (94.3)     (10.2)
SILVER SPRING NE   9SI GR            528.2       (94.3)     (10.2)
SIRIUS XM CANADA   SIICF US          298.2      (128.5)    (173.7)
SIRIUS XM CANADA   XSR CN            298.2      (128.5)    (173.7)
SPORTSMAN'S WARE   SPWH US           305.8       (32.8)      77.8
SPORTSMAN'S WARE   06S GR            305.8       (32.8)      77.8
STINGRAY - SUB V   RAY/A CN          128.2       (17.8)     (41.0)
STINGRAY DIG-VSV   RAY/B CN          128.2       (17.8)     (41.0)
SUPERVALU INC      SJ1 GR          4,485.0      (636.0)     167.0
SUPERVALU INC      SJ1 TH          4,485.0      (636.0)     167.0
SUPERVALU INC      SVU US          4,485.0      (636.0)     167.0
SYNERGY PHARMACE   SGYPEUR EU        194.8       (24.7)     163.1
SYNERGY PHARMACE   SGYP US           194.8       (24.7)     163.1
SYNERGY PHARMACE   S90 GR            194.8       (24.7)     163.1
THERAVANCE         HVE GR            488.7      (260.1)     251.4
THERAVANCE         THRX US           488.7      (260.1)     251.4
THRESHOLD PHARMA   NZW1 GR            88.0       (19.9)      53.1
THRESHOLD PHARMA   THLD US            88.0       (19.9)      53.1
TRANSDIGM GROUP    T7D GR          7,226.2    (1,326.2)     853.8
TRANSDIGM GROUP    TDG US          7,226.2    (1,326.2)     853.8
TRINET GROUP INC   TNETEUR EU      1,620.2       (15.1)      15.2
TRINET GROUP INC   TNET US         1,620.2       (15.1)      15.2
TRINET GROUP INC   TN3 TH          1,620.2       (15.1)      15.2
TRINET GROUP INC   TN3 GR          1,620.2       (15.1)      15.2
UNISYS CORP        UIS US          2,131.5    (1,421.3)     242.8
UNISYS CORP        UIS1 SW         2,131.5    (1,421.3)     242.8
UNISYS CORP        USY1 GR         2,131.5    (1,421.3)     242.8
UNISYS CORP        UISCHF EU       2,131.5    (1,421.3)     242.8
UNISYS CORP        UISEUR EU       2,131.5    (1,421.3)     242.8
UNISYS CORP        USY1 TH         2,131.5    (1,421.3)     242.8
VENOCO INC         VQ US             596.0       (31.1)      52.2
VERISIGN INC       VRS TH          2,607.7      (947.9)      17.8
VERISIGN INC       VRSN US         2,607.7      (947.9)      17.8
VERISIGN INC       VRS GR          2,607.7      (947.9)      17.8
VERIZON TELEMATI   HUTC US           110.2      (101.6)    (113.8)
VERSEON CORP       VSN LN              -           -          -
VIRGIN MOBILE-A    VM US             307.4      (244.2)    (138.3)
WEIGHT WATCHERS    WTW US          1,446.4    (1,385.2)    (260.9)
WEIGHT WATCHERS    WTWEUR EU       1,446.4    (1,385.2)    (260.9)
WEIGHT WATCHERS    WW6 TH          1,446.4    (1,385.2)    (260.9)
WEIGHT WATCHERS    WW6 GR          1,446.4    (1,385.2)    (260.9)
WEST CORP          WSTC US         3,546.2      (647.7)     247.3
WEST CORP          WT2 GR          3,546.2      (647.7)     247.3
WESTERN REFINING   WNRL US           434.0       (27.4)      71.5
WESTERN REFINING   WR2 GR            434.0       (27.4)      71.5
WESTMORELAND COA   WLB US          1,829.7      (388.7)      59.0
WESTMORELAND COA   WME GR          1,829.7      (388.7)      59.0
WINGSTOP INC       WING US           114.1       (54.0)      (4.6)
WINGSTOP INC       EWG GR            114.1       (54.0)      (4.6)
WYNN RESORTS LTD   WYR GR          9,151.7      (147.2)   1,135.3
WYNN RESORTS LTD   WYNN* MM        9,151.7      (147.2)   1,135.3
WYNN RESORTS LTD   WYR TH          9,151.7      (147.2)   1,135.3
WYNN RESORTS LTD   WYNN US         9,151.7      (147.2)   1,135.3
WYNN RESORTS LTD   WYNN SW         9,151.7      (147.2)   1,135.3
WYNN RESORTS LTD   WYNNCHF EU      9,151.7      (147.2)   1,135.3
XACTLY CORP        XT4Y GR            52.7       (25.4)      (6.8)
XACTLY CORP        XTLY US            52.7       (25.4)      (6.8)
XERIUM TECHNOLOG   XRM US            561.0      (102.9)      81.5
XERIUM TECHNOLOG   TXRN GR           561.0      (102.9)      81.5
XOMA CORP          XOMA US            78.1       (13.4)      46.2
XOMA CORP          XOMA TH            78.1       (13.4)      46.2
XOMA CORP          XOMA GR            78.1       (13.4)      46.2
YRC WORLDWIDE IN   YRCW US         1,966.2      (479.7)     148.7
YRC WORLDWIDE IN   YEL1 TH         1,966.2      (479.7)     148.7
YRC WORLDWIDE IN   YEL1 GR         1,966.2      (479.7)     148.7


                            *********

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 ***