TCR_Public/150720.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, July 20, 2015, Vol. 19, No. 201

                            Headlines

1110 MILITARY ROAD: Case Summary & Largest Unsecured Creditors
ADVANCED MICRO: Posts $181 Million Net Loss for Second Quarter
ALAN MURRAY: District Court Affirms $31K Damages Award
ALICEVILLE GOVERNMENTAL: S&P Raises Rating on 2011 Bonds to 'B-'
ALLY FINANCIAL: Dodd-Frank Act Stress Test Estimates

ALPHA NATURAL: Trading of Common Stock Suspended by NYSE
AMERICAN COMMERCE: Delays Filing of May 31 Form 10-Q
ANIXTER INC: Moody's Puts Ba2 CFR Under Review for Downgrade
ANIXTER INTERNATIONAL: Fitch Affirms 'BB+' IDR Over HD Supply Deal
ANNA'S LINENS: Exel Seeks Additional Adequate Protection

ANNA'S LINENS: Hires Epiq as Claims and Noticing Agent
ANNA'S LINENS: Hires Levene Neale as Bankruptcy Counsel
ARCHDIOCESE OF GALLUP: Asks Bankruptcy Judge for Different Mediator
ATLANTIC & PACIFIC: Could File for Bankruptcy This Month
ATLS ACQUISITION: Court Confirms Ch. 11 Liquidating Plan

BAHA MAR: Bahamas Government Aims to Take Control of Stalled Resort
BERKELEY DELAWARE: Judge Says Appeal Over Lease Should Be Dropped
BG MEDICINE: Announces Payoff of Secured Term Loan
BOOMERANG TUBE: Files Schedules of Assets and Liabilities
BOOMERANG TUBE: Judge Approves $145 Million Lifeline

BRANTLEY LAND: Case Summary & 6 Largest Unsecured Creditors
BROOKLYN RENAISSANCE: Questions Validity of JPMorgan Lien
BUDD COMPANY: Court Approves Willow Tree's Carl Lane as New CRO
CAL DIVE: EVP Chief Administrative Officer Resigns
CAL DIVE: Has Until Sept. 29 to Decide on Unexpired Leases

CAL DIVE: Sept. 2, 2015 Fixed as Governmental Claims Bar Date
CALIFORNIA COMMUNITY: Aug. 19 Hearing on CB&T's Bid to Lift Stay
CANCER GENETICS: Signs Sale Agreement with Cantor
CHATEAU DE LUMIERE: Case Summary & 12 Largest Unsecured Creditors
CHI OVERHEAD: S&P Affirms 'B' Corp. Credit Rating

CICERO INC: Enters Into Purchase Agreement with Privet, et al.
CICERO INC: Four Directors Resign
CIVIC PARTNERS: Bid to Dismiss Ch. 11 Case Granted
CLAIRE'S STORES: Units Amend Revolving Credit Facility
COATES INTERNATIONAL: Registers 205M Common Shares for Resale

COCO BEACH GOLF: Section 341(a) Meeting Set for Aug. 21
COGENT FIBRE: Chapter 15 Case Summary
COMMUNITY MEMORIAL: D&O Insurer's Bid to Withdraw Reference Denied
CONSOLIDATED AEROSPACE: Moody's Assigns B2 Corporate Family Rating
CONSOLIDATED AEROSPACE: S&P Assigns 'B+' CCR, Outlook Stable

CONSTELLATION BRANDS: Fitch Affirms 'BB+' IDR, Outlook Stable
CURTIS JAMES JACKSON: Ordered to Pay $5M Prior to Bankruptcy
DEMOLITION INTERIOR: Case Summary & 20 Top Unsecured Creditors
DJSP ENTERPRISES: Issues 275,000 Restricted Shares
DOUGLAS HIMMELFARB: Artwork Clawback Suit Partially Junked

EARL GAUDIO: Seeks Sale of UPS Franchise for $100K
ECOSPHERE TECHNOLOGIES: Obtains $250,000 Loan From Brisben Water
EDGEN GROUP: S&P Lowers Corp. Credit Rating to 'B+', Outlook Neg.
ELITE PHARMACEUTICALS: Nasrat Hakim Reports 20.7% Stake
EXELIXIS INC: Names Christopher Senner as Chief Financial Officer

FAMILY DOLLAR: S&P Lowers CCR to 'BB' Then Withdraws Rating
FINJAN HOLDINGS: Blue Coat Case Trial Set to Begin July 20
FINJAN HOLDINGS: Succeeds in Invalidating FireEye's Patent Claims
FIRST DATA: Signs Joinder Agreement to 2007 Credit Agreement
FJK PROPERTIES: Taps Furr and Cohen as Attorney

FLINTKOTE COMPANY: Court Won't Review Ruling v. Frederick Place
FLORIDA GAMING: Court Denies Public Storage's Bid for Stay Relief
FREESEAS INC: Inks $600,000 Purchase Agreement with AMVS Value
GELTECH SOLUTIONS: Michael Reger Reports 54.9% Stake
GENESIS ENERGY: Moody's Rates New $750-Mil. Senior Notes 'B1'

GENESIS ENERGY: S&P Affirms 'BB-' Issuer Credit Rating
GLYECO INC: Issues Shareholder Update Letter
GREEKTOWN HOLDINGS: Dist. Court Won't Allow Direct Appeal
GT ADVANCED: Apple Objects to Loan Bid
GUIDED THERAPEUTICS: Has Resale Prospectus of 34M Common Shares

HD SUPPLY: Investor Presentation Held to Discuss Sale Update
HD SUPPLY: To Sell Power Solutions Business Unit for $825-Mil.
HDGM ADVISORY: Henry Mestetsky Withdraws Apperance as Counsel
HIGH STANDARD: Voluntary Chapter 11 Case Summary
HIGHWOODS PROPERTIES: Fitch Affirms BB+ Preferred Stock Rating

HORNED DORSET: Court Refuses to Review Order Staying Suits
HUNTINGTON INGALLS: S&P Affirms 'BB+' Rating on Unsecured Notes
INVENERGY THERMAL: Moody's Rates New $537MM Secured Loan 'B1'
JAMES RIVER: Asks for Oct. 7 Extension of Plan Filing Date
JOHNNY BRETT GREGORY: Court Won't Review Habeas Application Denial

JW RESOURCES: Joshua Porter to Perform Duties for SCRB Properties
LIGHTSQUARED INC: Judge Hands Dish Victory in Suit Over Bid
LOCATION BASED: Files Series A Pref. Stock Cert. of Designation
LSB INDUSTRIES: S&P Affirms 'B+' CCR & Revises Outlook to Stable
METALICO INC: Carlos Aguero Inks Deal to Vote for TML Merger

METALICO INC: Special Meeting Scheduled for Sept. 11
MILACRON HOLDINGS: Moody's Hikes Corporate Family Rating to 'B2'
MILAGRO HOLDINGS: Meeting to Form Creditors' Panel Set for July 30
MISSISSIPPI PHOSPHATES: Has Deal to Sell Assets to Pay Lenders, EPA
MMRGLOBAL INC: Stockholders Elect Two Directors to Board

MONAKER GROUP: Delays May 31 Form 10-Q Filing
MUSCLEPHARM CORP: Consac LLC Reports 10.9% Stake as of June 26
N-VIRO INTERNATIONAL: Accepts Resignations of Two Directors
NATIONAL TELECOM: Files for Bankruptcy; Creditor's Meeting July 27
NAVISTAR INTERNATIONAL: Faces Lawsuit Over Clean Air Act Violation

NEIGHBORS' CONSEJO: Case Summary & 20 Largest Unsecured Creditors
NEONODE INC: To Issue 2.1 Million Shares Under Incentive Plan
NORTHLAKE MOVING: Case Summary & 2 Largest Unsecured Creditors
OXYSURE SYSTEMS: Faces Lawsuit Over Preferred Stock Issuance
PATRIOT COAL: Federal Complex Excluded in Sale to Blackhawk

PATRIOT COAL: Mine Workers Oppose Proposed Employee Bonuses
PEABODY ENERGY: Debt Trades at 18% Off
PEDRO LOPEZ MUNOZ: Court Won't Review Denial of Trustee Appointment
PLATTE RIVER: Northstar Bank's Motion for Abstention Granted
QUANTUM CORP: Announces Preliminary Fiscal First Quarter Results

QUEST SOLUTION: Adds Capital Markets Executive to Board
RESIDENTIAL CAPITAL: 3rd Party Suit vs Parent Partially Dismissed
ROBERT W. BUECHEL: District Court Affirms Disciplinary Sanctions
ROCKWELL MEDICAL: Files Preliminary Form S-1 Prospectus with SEC
RUE21 INC: Moody's Hikes Corporate Family Rating to 'B3'

SADLER CLINIC: Non-party's Bid to Quash Subpoena Granted
SANTA CRUZ BERRY: Show Cause Motion Hearing Continued to Aug. 13
SEANERGY MARITIME: Posts $1 Million Net Loss for First Quarter
SIGNAL INTERNATIONAL: July 22 Meeting Set to Form Creditors' Panel
SIGNAL INTERNATIONAL: Section 341 Meeting Scheduled for Aug. 13

SOLAR POWER: Owns 71.9% Equity Stake in ZBB Energy
STANDARD REGISTER: Court Okays Asset Sale to Taylor Corporation
STATE FISH: Court Approves Hiring of Gribin Kapadia as Appraiser
STHI HOLDING: S&P Affirms 'B' CCR Then Withdraws Rating
SUNOCO LP: Fitch Assigns BB Rating on $500MM Sr. Unsecured Notes

THERAPEUTICSMD INC: Inks Underwriting Agreement with Stifel
THOMAS MECHAM RICKS: John Wood, et al., Ordered to Produce Tax Docs
TRACK GROUP: Completes Long-Term Debt Restructuring
VERITEQ CORP: Vis Vires Group Reports 9.9% Stake
VICTORY MEDICAL CENTER: Case Summary & 20 Top Unsecured Creditors

VISCOUNT SYSTEMS: Appoints Scott Sieracki as Interim CEO
VISTAGE WORLDWIDE: Moody's Gives B2 Probability of Default Rating
VISTAGE WORLDWIDE: S&P Assigns 'B' CCR, Outlook Stable
VISUALANT INC: Extends Promissory Notes Due Date to Sept. 30
VISUALANT INC: Posts $767,000 Net Income for Third Quarter

WALTER ENERGY: Fitch Expects Poor Unsecured Recoveries After Ch11
WASHINGTON HEIGHTS: Hires Sachs & Associates as Attorneys
WHISKEY ONE: Section 341 Meeting Scheduled for Aug. 19
WPCS INTERNATIONAL: Closes $1.5 Million Financing
[*] Fitch: E&P Bankruptcies Propel US HighYield Energy Default Rate

[^] BOND PRICING: For the Week from July 6 to 10, 2015

                            *********

1110 MILITARY ROAD: Case Summary & Largest Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                 Case No.
        ------                                 --------
        1110 Military Road LLC                 15-11503
        1110 Military Road
        Buffalo, NY 14217

        ATSBNY LLC                             15-11504    
        1110 Military Road
        Buffalo, NY 14217

        Scholl T. Saylor                       15-11505

        Michael J. Hale                        15-11506

Chapter 11 Petition Date: July 16, 2015

Court: United States Bankruptcy Court
       Western District of New York (Buffalo)

Judge: Hon. Michael J. Kaplan

Debtors' Counsel: Arthur G. Baumeister, Jr., Esq.
                  AMIGONE, SANCHEZ & MATTREY LLP
                  1300 Main Place Tower
                  350 Main Street
                  Buffalo, NY 14202
                  Tel: (716) 852-1300
                  Email: abaumeister@amigonesanchez.com

                                      Estimated    Estimated
                                       Assets     Liabilities
                                     -----------  -----------
1110 Military Road LLC               $0-$50,000    $1MM-$10MM
ATSBNY LLC                           $0-$50,000    $1MM-$10MM
                                     
The petition was signed by Michael J. Hale, vice president.

A list of 1110 Military Road's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/nywb15-11503.pdf

A list of ATSBNY LLC's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nywb15-11504.pdf


ADVANCED MICRO: Posts $181 Million Net Loss for Second Quarter
--------------------------------------------------------------
Advanced Micro Devices, Inc. reported a net loss of $181 million on
$942 million of net revenue for the three months ended June 27,
2015, compared to a net loss of $36 million on $1.40 billion of net
revenue for the three months ended June 28, 2014.

For the six months ended June 27, 2015, the Company reported a net
loss of $361 million on $1.90 billion of net revenue compared to a
net loss of $56 million on $2.8 billion of net revenue for the six
months ended June 28, 2014.

As of June 27, 2015, the Company had $3.40 billion in total assets,
$3.50 billion in total liabilities and a $141 million total
stockholders' deficit.

"Strong sequential revenue growth in our EESC segment and channel
business was not enough to offset near-term challenges in our PC
processor business due to lower than expected consumer demand that
impacted sales to OEMs," said Dr. Lisa Su, AMD president and CEO.
"We continue to execute our long-term strategy while we navigate
the current market environment.  Our focus is on developing
leadership computing and graphics products capable of driving
profitable share growth across our target markets."

A copy of the regulatory filing is available at:

                        http://is.gd/shsqnE

                   About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

For the year ended Dec. 27, 2014, the Company reported a net loss
of $403 million on $5.50 billion of net revenue compared to a net
loss of $83 million on $5.29 billion of net revenue for the year
ended Dec. 28, 2013.

As of March 28, 2015, the Company had $3.42 billion in total
assets, $3.41 billion in total liabilities and $17 million in
total stockholders' equity.

                          *     *     *

As reported by the TCR on April 22, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Sunnyvale,
Calif.-based Advanced Micro Devices Inc. to B- from B.  "The
downgrade reflects AMD's recently sharpened revenue declines, weak
industry conditions and intense competition from Intel in PC
markets, and the challenges it faces to grow in targeted
enterprise, embedded, and semi-custom product markets to offset PC
business declines," said Standard & Poor's credit analyst John
Moore.

As reported by the TCR on June 5, 2014, Fitch Ratings had upgraded
the long-term Issuer Default Rating (IDR) for AMD (NYSE: AMD) to
'B-' from 'CCC'.  The upgrade primarily reflects AMD's improved
financial flexibility from recent refinancing activity, which
extends meaningful debt maturities until 2019.

In the April 24, 2015, edition of the TCR, Moody's Investors
Service lowered Advanced Micro Devices, Inc's corporate family
rating to B3 from B2.  The downgrade of the corporate family rating
to B3 reflects AMD's prospects for operating losses over the next
year and negative free cash flow, in contrast to our previous
expectations of modest profitability and positive free cash flow.


ALAN MURRAY: District Court Affirms $31K Damages Award
-------------------------------------------------------
Judge Vince Chhabria of the United States District Court for the
Northern District of California affirms a bankruptcy court's
decision awarding to Debtors Alan and Elizabeth Murray damages of
$31,500 from Mark Hauden's willful violation of automatic stay
provision by filing an adversary proceeding against the Debtors.

The case is HAUGEN, Appellant, v. MURRAY, Appellee, Case No.
14-CV-03638-VC, (N.D. Calif.).

A full-text copy of Judge Chhabria's Order dated June 22, 2015, is
available at http://is.gd/ON9UV4from Leagle.com.

Jonathan Amir Durham, Esq., and Ned Ng, Esq. -- nedbng@law916.com
-- of Law Offices of Durham & Ng serve as counsel for Appellant
Mary Haugen.

David N. Chandler, Esq., of Law Offices of David Nyle Chandler,
Esq. serves as counsel for Appellee, Debtor Elizabeth Murray.


ALICEVILLE GOVERNMENTAL: S&P Raises Rating on 2011 Bonds to 'B-'
----------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its rating to
'B-' from 'CCC+' on Aliceville Governmental Utilities Services
Corp. (GUSC), Ala.'s series 2011 bonds, issued for its Federal
Bureau of Prisons (FBOP) project, and removed the rating from
CreditWatch with developing implications.  The outlook is stable.

"The rating actions are based on our expectation that the January
2015 agreement that ended a rate dispute between the GUSC and FBOP
will gradually restore GUSC's financial risk profile," said
Standard & Poor's credit analyst Theodore Chapman.

The rate dispute led to a shortfall of operating revenues.  As a
result, from August 2013 and at each six-month debt service payment
date through August 2014, the GUSC had to draw from the debt
service reserve fund (DSRF) to make timely and full payments on the
bonds.  In January 2015, the GUSC and FBOP reached an agreement to
amend the existing water and sewer service contracts, whereby the
bureau began paying the amount billed by the GUSC, as well as an
additional surplus that will fully restore the required reserve
amount in the next three years.  The agreement also enabled the
GUSC to meet its Feb. 1, 2015, interest payment date solely from
cash from operations and without any further use of the DSRF, which
had by that point been nearly depleted.

The corporation issued the bonds to fund the construction of water
and sewer facilities for a federal correctional institute near the
city of Aliceville in southwestern Alabama.  By Standard & Poor's
calculation, the DSRF's current balance fell to less than $55,000
in 2014, which wasn't enough to cover the Feb. 1, 2015, interest
payment.  With the rate dispute resolved in January 2015, GUSC was
able to make that scheduled payment, with the assumption that the
remaining semiannual payments could be made solely from cash from
operations and without lingering doubts.

Standard & Poor's will continue to monitor the GUSC's revenues as
each February and August payment date approaches.  If it becomes
clear that cash from operations is sustained at a level that have
been represented by both sides, S&P would raise the rating further.
The GUSC has approximately $8.375 million in outstanding revenue
bonds related to the FBOP project.  The DSRF was originally funded
with bond proceeds in the amount of maximum annual debt service, or
$1.43 million.

The facility was constructed to help relieve systemwide
overcrowding among the federal female inmate population.  The
Aliceville location was designed to house up to 1,500
medium-security federal inmates.  Plans in early 2013 to transfer
about 1,100 inmates from a Connecticut facility to the Aliceville
site were delayed after a number of elected officials asked the
U.S. Department of Justice to reconsider the transfer.  The
Aliceville facility did not receive its first inmates (about 100)
until November 2013.  While it currently is at its full population,
the delay led the GUSC to exercise what it deems as its rights
under the service contract to increase rates to the prison, without
limit, to generate sufficient revenues to cover operations and debt
service.  GUSC officials could have chosen to suspend service to
the facility but did not.  The FBOP did make payments to the GUSC
for services, but at the lower rate that it believed was correct.

The GUSC constructed the water and sewer facilities specifically to
serve the prison.  The city of Aliceville operates and manages the
FBOP-related water and sewer utilities for the GUSC, separate and
apart from the city's own infrastructure.  The dispute does not
have any recourse to the city of Aliceville's own utility revenue
bonds, which are secured by the city's own customer base.


ALLY FINANCIAL: Dodd-Frank Act Stress Test Estimates
----------------------------------------------------
Ally Financial Inc. furnished with the Securities and Exchange
Commission a copy of the Ally Financial Inc. Dodd-Frank Act Stress
Test - Mid-Cycle Estimates in the Severely Adverse Scenario.

The stress test results were submitted to the Federal Reserve on
July 6, 2015, and cover a 9-quarter forecast horizon beginning in
the second quarter of 2015, and continuing through the second
quarter of 2017.  The DFAST Severe scenario and the related
forecasts of macroeconomic variables were developed internally by
Ally and devised to capture all of the Company's primary risks. The
Severe scenario considers a recession that has a level of severity
comparable to the most severe post-war U.S. recessions and also
includes an operational risk event that directly impacts Ally's
operations.

Over the past several years, Ally has undergone a strategic
transformation aimed at strengthening the company's longer term
financial profile.  These actions include exiting non-core
businesses, increasing focus on the U.S. automotive finance
franchise and enhancing funding stability through continued growth
in the direct bank franchise and improvement in net interest margin
through reduction of legacy high-cost debt.  Since the submission
of the 2015 Comprehensive Capital Analysis and Review  Capital Plan
in January of this year, Ally has continued to execute on these
strategic goals.  Namely, Ally completed the sale of its joint
venture in China and also refinanced high-cost unsecured debt and
preferred equity with the issuance of new senior unsecured
issuance, which drives improved organic capital generation.  In
accordance with the capital plan, to date Ally has executed a $1.3
billion redemption of Series G preferred stock in April 2015, $0.3
billion tender of Series A preferred stock, and additional
liability management actions to date in 2015.  In addition to
organic capital generation, these actions create a more efficient
capital structure and improve shareholder returns.

A copy of the Comprehensive Capital Analysis and Review Mid-Year
2015 is available at http://is.gd/ZqXbxV

                        About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

                           *     *     *

As reported by the TCR on Dec. 16, 2013, Standard & Poor's Ratings
Services said it raised its issuer credit rating on Ally Financial
Inc. to 'BB' from 'B+'.  "The upgrade reflects the company's
release from potential legal and financial liabilities stemming
from its ownership of ResCap," said Standard & Poor's credit
analyst Tom Connell.

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the 'Ba3' corporate family and 'B1' senior unsecured
ratings of Ally Financial, Inc. and revised the outlook for the
ratings to positive from stable.  Moody's affirmed Ally's ratings
and revised its rating outlook to positive based on the company's
progress toward sustained improvements in profitability and
repayment of government assistance received during the financial
crisis.


ALPHA NATURAL: Trading of Common Stock Suspended by NYSE
--------------------------------------------------------
Alpha Natural Resources, Inc., confirmed that the New York Stock
Exchange has suspended trading in the company's common stock,
effective July 16, 2015, and has initiated proceedings to delist
the common stock from the Exchange.  The determination was based on
"abnormally low" price indications of the Company's common stock.

The Company expects that its common stock began trading on
over-the-counter markets beginning on July 17, 2015.

                        About Alpha Natural

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

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

                             *    *    *

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

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


AMERICAN COMMERCE: Delays Filing of May 31 Form 10-Q
----------------------------------------------------
American Commerce Solutions, Inc., filed with the U.S. Securities
and Exchange
Commission a Notification of Late Filing on Form
12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
May 31, 2015.  

"The compilation, dissemination and review of the information
required to be presented in the Form 10-Q for the period ended
May 31, 2015 has imposed time constraints that have rendered timely
filing of the Form 10-Q impracticable without undue hardship and
expense to the registrant.  The registrant undertakes the
responsibility to file such quarterly report no later than five
days after its original due date," the Company said in the
regulatory filing.

                      About American Commerce

American Commerce Solutions, Inc., headquartered in Bartow,
Florida, is primarily a holding company with one wholly owned
subsidiary; International Machine and Welding, Inc., is engaged in
the machining and fabrication of parts used in heavy industry, and
parts sales and service for heavy construction equipment.

American Commerce reported a net loss of $130,000 for the year
ended Feb. 28, 2015, compared to a net loss of $169,000 for the
year ended Feb. 28, 2014.

As of Feb. 28, 2015, American Commerce had $4.80 million in total
assets, $3.10 million in total liabilities, and $1.70 million in
total stockholders' equity.

Messineo & Co., CPAs LLC, in Clearwater, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Feb. 28, 2015, citing that the Company has recurring
losses resulting in an accumulated deficit and is in default of
several notes payable.  These conditions raise substantial doubt
about its ability to continue as a going concern.


ANIXTER INC: Moody's Puts Ba2 CFR Under Review for Downgrade
------------------------------------------------------------
Moody's Investors Service placed Anixter Inc. ratings under review
for downgrade, including its Ba2 Corporate Family Rating, Ba2-PD
Probability of Default Rating, and the Ba3 rating assigned to its
Senior Unsecured Notes due 2019 and 2021. This review follows the
company's announcement that it will be acquiring HD Supply's Power
Solutions division. Power Solutions distributes pole line
equipment, lighting, wire and cable (W&C) and MRO products to
investor owned utilities, public power utilities, electrical
contractors and industrial business end markets. The SGL-2
Speculative Grade Liquidity Rating remains unchanged at this time.

The review was prompted by Anixter's announcement that it intends
to acquire Power Solutions for approximately $825 million. We
expect the acquisition to be funded with new debt pari passu to the
existing Senior Unsecured Notes. HD Power Solutions reported $1.9
billion of revenue at FYE 2014. Anixter estimates the transaction
will increase their presence in the utilities end market and
expands its existing product portfolio. Increased financial
leverage, Power Solutions' low margins, and integration risk
present credit risks. The low organic revenue growth of both
Anixter and Power Solutions is a credit risk as well, and may cause
the company to purse future debt financed acquisitions to spur
growth.

RATINGS RATIONALE

Moody's review will focus on integration plans, expected revenue
growth and business profile of the combined entity. We will also
examine the combined entity's operating margins, interest coverage,
debt leverage and ability to reduce balance sheet debt. Balance
sheet debt is expected to increase by approximately $526 million or
43% to an estimated $1.7 billion.

Anixter Inc. is a global distributor of communications products,
electrical and electronic wire and cable, and OEM supply. End users
include enterprises, data centers, manufacturers, natural resources
companies, utilities and original equipment manufacturers. The
company currently offers more than 400,000 products. HD Power
Solutions reported $1.9 billion of revenue at FYE 2014, and the
combined entity would have approximately $7.8 billion in revenue as
of FYE 2014.


ANIXTER INTERNATIONAL: Fitch Affirms 'BB+' IDR Over HD Supply Deal
------------------------------------------------------------------
Fitch Ratings has affirmed the ratings for Anixter International,
Inc. and its wholly owned operating subsidiary, Anixter Inc., at
'BB+' following the company's announcement it entered into a
definitive agreement to acquire the Power Systems business from HD
Supply Holdings Inc. for $825 million in cash.  The ratings affect
$1.6 billion of debt, including undrawn amounts under the company's
credit facilities.

KEY RATING DRIVERS

Fitch believes Anixter's proposed acquisition of Power Systems, the
leading top utilities distributor in the U.S., should support
longer-term top line growth by adding complementary transmission
and distribution capabilities to Anixter's existing generation
business.  Power Systems significantly expands Anixter's high and
low voltage product offerings, as well as value added services, for
utilities markets and should drive longer-term revenue synergies
and share gains as customers consolidate vendors.

Power Systems will add roughly $1.9 billion of annual revenues
growing in the mid-single digits, although Fitch anticipates
significant exposure to project spending may increase revenue
volatility.  Pro forma for the transaction, Fitch estimates
operating EBITDA margin of 6.1% and expects margins in the 5.5% to
6% range through the intermediate-term, given lower profitability
associated with utilities markets.

Fitch expects Anixter will fund the acquisition with a mix of
available cash and incremental borrowings.  As a result, Fitch
believes total leverage (total debt to operating EBITDA) could
approach 3.5x, versus just over 3x for the latest 12 months (LTM)
ended March 31, 2015.  However, the ratings and Outlook incorporate
Fitch's expectations Anixter will manage debt levels with free cash
flow (FCF) to return total leverage closer to 3x in the near-term.


Fitch believes Anixter's liquidity remains adequate and Fitch
forecasts $50 - $75 million of incremental FCF by the acquisition's
expected closing date (fourth quarter of 2015). Anixter also
completed the fasteners business sale during the recently ended
quarter, adding approximately $375 million of net cash proceeds to
the balance sheet.

Anixter's ratings and Outlook are supported by these:

   -- Leading market position in niche distribution markets which
      Fitch believes contributes to Anixter's above-average
      margins for a distributor;

   -- Broad diversification of products, suppliers, customers and
      geographies which adds stability to the company's financial
      profile by reducing operating volatility;

   -- Counter-cyclical inventory that allows the company to
      generate free cash flow in a downturn.

Credit concerns include:

   -- Expectations that credit protection measures could remain
      weak from additional debt-financed acquisitions to augment
      growth in adjacent markets or the use of FCF for shareholder

      returns rather than debt reduction;

   -- Thin operating margins characteristic of the distribution
      industry, which amplifies movement in credit protection
      measures through the IT cycle;

   -- Significant unhedged exposure to copper prices and currency
      prices.

KEY ASSUMPTIONS

   -- Pro forma for the transaction, sale of the fasteners
      business and Triad acquisition in the 4th quarter of 2014,
      Fitch expects low- to mid-single digit organic revenue
      growth through the intermediate-term that will be
      meaningfully constrained by FX headwinds in 2015.  Anixter's

      FX exposure is less post-sale of the fasteners business
      given the higher exposure to Europe.

   -- Revenue synergies and share consolidation support longer-
      term revenue growth at the higher end of the low- to mid-
      single digit range.

   -- Acquisition activity will remain muted with Anixter focusing

      on integration of Power Supply, as well as continued
      integration of Triad and rationalization post-sale of the
      fasteners business.

   -- Operating EBITDA margin ranging from 5.5% to 6% through the
      intermediate-term, supported by higher revenues and
      increasing mix of value added services, despite lower base
      line profitability for utilities markets.

   -- Lower blended capital and working capital intensity supports

      more consistent, albeit modest FCF through the cycle.

   -- Anixter will use FCF for debt reduction rather than
      shareholder returns over the near-term, returning total
      leverage to 3x.

RATING SENSITIVITIES

Negative rating actions could occur if Fitch expects Anixter to
sustain adjusted leverage (Total Debt plus 8x annual rent expense
to EBITDAR) above 4x likely from a combination of:

   -- Market share losses or profit margin contraction; or

   -- Use of FCF for special dividends or other shareholder
      returns instead of debt reduction.

Fitch believes positive rating actions are limited in the absence
of management's commitment to more conservative financial policies,
including a meaningfully lower adjusted leverage target and more
moderate and predictable shareholder returns.

LIQUIDITY

Anixter's liquidity was adequate at March 31, 2015, and was
supported by:

   -- $101.2 million of cash; and

   -- $290.7 million of available borrowing capacity under
      Anixter's credit facilities and accounts receivables
      securitization facility as of March 31, 2015 (a maximum
      leverage ratio of 3.5x limited borrowing capacity under the
      credit facilities by $154.5 million to $290.7 million from
      $445.2 million).

Modest annual FCF of $100 million to $200 million also supports
liquidity.

Total debt as of Jan. 2, 2015 was $1.2 billion and consisted
primarily of these:

   -- $70 million outstanding under the unsecured revolver due
      November 2018;

   -- $190 million outstanding under the accounts receivable
      securitization program due May 2017;

   -- $197.5 million of unsecured term loan A due November 2018

   -- $350 million 5.625% senior unsecured notes due May 2019; and


   -- $400 million 5.125% senior unsecured notes due October 2021.

FULL LIST OF RATING ACTIONS

Anixter International, Inc.
   -- Issuer Default Rating (IDR) 'BB+';

Anixter Inc.
   -- IDR 'BB+';
   -- Senior unsecured notes 'BB+/RR4';
   -- Senior unsecured bank credit facility 'BB+/RR4'.

The Rating Outlook is Stable.


ANNA'S LINENS: Exel Seeks Additional Adequate Protection
--------------------------------------------------------
Exel Inc., a secured creditor, asks the U.S. Bankruptcy Court for
the Central District of California, Santa Ana Division, to direct
Anna's Linens, Inc., to provide additional adequate protection for
the use of its property.

Steven B. Sacks, Esq., at Sheppard, Mullin, Richter & Hampton LLP,
in San Francisco, California, tells the Court that Exel files its
motion for adequate protection of its possessory lien claim as a
warehouseman for the Debtor to ensure that the Debtor does not
dispose of the goods held at the warehouses managed by Exel or of
the cash received from the purchaser of the Debtor's inventory
without paying Exel on account of its secured claim or, at the
least, segregating funds to cover that claim.

Mr. Sacks relates that the Debtor is swiftly emptying the
warehouses as it conducts going-out-of-business sales in exchange
for certain payments.

Exel Inc. is represented by:

          Steven B. Sacks, Esq.
          SHEPPARD, MULLIN, RICHTER & HAMPTON LLP
          Four Embarcadero Center, 17th Floor
          San Francisco, CA 94111-4109
          Telephone: (415)434-9100
          Facsimile: (415)434-3947
          Email: ssacks@sheppardmullin.com

                   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.

The U.S. trustee overseeing the Chapter 11 case of Anna's Linens
Inc. appointed seven creditors to serve on the official committee
of unsecured creditors.


ANNA'S LINENS: Hires Epiq as Claims and Noticing Agent
------------------------------------------------------
Anna's Linens, Inc. seeks authorization from the U.S. Bankruptcy
Court for the Central District of California to employ Epiq
Bankruptcy Solutions, LLC as claims, noticing and balloting agent,
effective June 14, 2015.

The Debtor requires Epiq to, among other things:

   -- prepare and serve required notices and documents in the
      Chapter 11 case in accordance with the Bankruptcy Code and
      the Bankruptcy Rules in the form and manner directed by the
      Debtor and/or the Court, including (i) notice of the
      commencement of the chapter 11 cases and the initial meeting

      of creditors under section 341(a) of the Bankruptcy Code,
      (ii) notice of any claims bar date and any auction or sale
      hearing, (iii) notices of objections to claims, (iv) notices

      of any hearings on a disclosure statement and confirmation
      of the Debtor's chapter 11 plan or plans and (v) other
      miscellaneous notices to any entities as the Debtor or the
      Court may deem necessary or appropriate for an orderly
      administration of the chapter 11 case;

   -- assist the Debtor with administrative tasks in the
      preparation of their bankruptcy Schedules of Assets and
      Liabilities (the "Schedules") and Statements of Financial
      Affairs (the "Statements"), including (as needed): (i)
      coordinating with the Debtor and its advisors regarding the
      Schedules and Statements process, requirements, timelines
      and deliverables, (ii) creating and maintaining databases
      for maintenance and formatting of Schedules and Statements
      data, (iii) coordinating collection of data from the Debtor
      and its advisors and (iv) providing data entry and quality
      assurance assistance regarding Schedules and Statements;

   -- maintain copies of all proofs of claim and proofs of
      interest filed;

   -- provide balloting services in connection with the
      Solicitation process for any chapter 11 plan for which a
      disclosure statement has been approved by the court,
      including (as needed): (i) coordinate distribution of
      solicitation documents, (ii) respond to requests for
      documents from parties in interest, including brokerage firm
      and bank back-offices and institutional holders, (iii)
      respond to telephone inquiries from creditors and parties in

      interest regarding the disclosure statement and the voting
      procedures, (iv) establish a website for the posting of
      solicitation documents, (v) receive and examine all ballots
      and master ballots cast by voting parties, (vi) date and
      time-stamp the originals of all such ballots and master
      ballots upon receipt and (vii) tabulate all ballots and
      master ballots received prior to the voting deadline in
      accordance with established procedures and prepare a
      certification for filing with the court;

   -- provide state-of-the-art Call Center facility and services,
      including (as needed): create frequently asked questions,
      call scripts, escalation procedures and call log formats;
      record automated messaging; train Call Center staff;

   -- maintain and transmit call log to the Debtor and its
      advisors; and

   -- provide other claims processing, noticing and related
      administrative services as may be requested from time to
      time by the Debtors.

Epiq will be paid at these hourly rates:

       Clerical/Administrative Support    $30-$45
       Case Manager                       $60-$80
       IT/Programming                     $70-$120
       Senior Case Manager/
       Director of Case Management        $85-$155
       Consultant/Senior Consultant       $145-$190
       Director/Vice President            $190
       Sr. Vice President                 $350
       Communications Counselor           $95-$250
       Call Center Operator               $60

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

Prior to the Petition Date, the Debtor provided Epiq a retainer in
the amount of $15,000.

Todd W. Wuertz, director of Epiq, 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.

Epiq can be reached at:

       Pamela Corrie
       EPIQ BANKRUPTCY SOLUTIONS, LLC
       757 Third Avenue, Third Floor
       New York, NY 10017
       Tel:  646 282 2500

                        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.

The U.S. trustee overseeing the Chapter 11 case of Anna's Linens
Inc. appointed seven creditors to serve on the official committee
of unsecured creditors.


ANNA'S LINENS: Hires Levene Neale as Bankruptcy Counsel
-------------------------------------------------------
Anna's Linens, Inc. seeks authorization from the U.S. Bankruptcy
Court for the Central District of California to employ Levene,
Neale, Bender, Yoo & Brill LLP as bankruptcy counsel, effective
June 14, 2015.

The Debtor requires Levene Neale to:

   (a) advise the Debtor with regard to the requirements of the
       Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules and the

       Office of the United States Trustee as they pertain to the
       Debtor;

   (b) advise the Debtor with regard to certain rights and
       remedies of its bankruptcy estate and the rights, claims
       and interests of creditors;

   (c) represent the Debtor in any proceeding or hearing in the
       Bankruptcy Court involving its estate unless the Debtor is
       represented in such proceeding or hearing by other special
       counsel;

   (d) conduct examinations of witnesses, claimants or adverse
       parties and represent the Debtor in any adversary
       proceeding except to the extent that any such adversary
       proceeding is in an area outside of Levene Neale's
       expertise or which is beyond LNBYB's staffing capabilities;

   (e) prepare and assist the Debtor in the preparation of
       reports, applications, pleadings and orders including, but
       not limited to, applications to employ professionals,
       interim statements and operating reports, initial filing
       requirements, schedules and statement of financial affairs,

       lease pleadings, cash collateral pleadings, financing
       pleadings, and pleadings with respect to the Debtor's use,
       sale or lease of property outside the ordinary course
       of business;

   (f) represent the Debtor with regard to obtaining use of debtor

       in possession financing and/or cash collateral including,
       but not limited to, negotiating and seeking Bankruptcy
       Court approval of any debtor in possession financing and/or

       cash collateral pleading or stipulation and preparing any
       pleadings relating to obtaining use of debtor in possession
       financing and cash collateral;

   (g) assist the Debtor in the negotiation, formulation,
       preparation and confirmation of a plan of reorganization
       and the preparation and approval of a disclosure statement
       in respect of the plan; and

   (h) perform any other services which may be appropriate in
       Levene Neale's representation of the Debtor during its
       bankruptcy case.

The Debtor expects that David L. Golubchik, Eve K. Karasik, Juliet
Y. Oh, JP Fritz and Lindsey L. Smith will be the primary attorneys
at Levene Neale responsible for the representation of the Debtor
during its Chapter 11 case.

Levene Neale will be paid at these hourly rates:

       David L. Golubchik         $595
       Eve K. Karasik             $575
       Juliet Y. Oh               $555
       JP Fritz                   $490
       Lindsey L. Smith           $390
       Paraprofessionals          $225

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

During the one-year period prior to its Chapter 11 filing, the
Debtor paid the total sum of $564,232.84 in retainer payments
("Retainer") related to pre-petition services, as well as
preparation for, and commencement of the instant case. On the
Petition Date, $191,398.34 remained available.

David L. Golubchik, partner of Levene Neale, 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.

Levene Neale can be reached at:

       David L. Golubchik, Esq.
       LEVENE, NEALE, BENDER, YOO & BRILL LLP
       10250 Constellation Boulevard, Suite 1700
       Los Angeles, CA 90067
       Tel: (310) 229-1234
       Fax: (310) 229-1244
       E-mail: dbg@lnbyb.com

                        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.

The U.S. trustee overseeing the Chapter 11 case of Anna's Linens
Inc. appointed seven creditors to serve on the official committee
of unsecured creditors.


ARCHDIOCESE OF GALLUP: Asks Bankruptcy Judge for Different Mediator
-------------------------------------------------------------------
Sherri Toub and Bill Rochelle, bankruptcy columnists for Bloomberg
News, reported that the Diocese of Gallup, New Mexico, wants the
bankruptcy judge in Albuquerque to sign off on a new facilitator of
the process.

According to the report, citing a July 6 court filing, Frank "Dirk"
Murchison is a mediator acceptable to the church, its creditors'
committee and insurance company Catholic Mutual Relief Society.
The church said it believes that a change in mediator will
facilitate the mediation process, the report related.

                  About the Diocese of Gallup, NM

The Diocese of Gallup, New Mexico, principally encompasses
American Indian reservations for seven tribes in northwestern New
Mexico and northeastern Arizona. It is the poorest diocese in the
U.S.

There are 38 active priests working in the Diocese and 27
permanent deacons also serve the Diocese along with five
seminarians.  The Diocese and its missions, schools and ministries
employ approximately 50 people, and a significant number of
additional people offer their services as volunteers.

The diocese sought bankruptcy protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.M. Case No. 13-bk-13676) on Nov. 12,
2013, in Albuquerque, New Mexico amid suits for sexual abuse
committed by priests.

The bishop previously said bankruptcy will be "the most merciful
and equitable way for the diocese to address its responsibility."

The abuse mostly occurred in the 1950s and early 1960s, the bishop
said.

The petition shows assets and debt both less than $1 million.


ATLANTIC & PACIFIC: Could File for Bankruptcy This Month
--------------------------------------------------------
The New York Post reports that Great Atlantic & Pacific Tea, better
known as A&P, may file for bankruptcy protection as early as the
third week of July 2015.

Bloomberg News says that the Company has two loans totaling $270
million and a $300 million revolving line of credit that both
mature in September 2019.  In addition to the senior loans, the
company accumulated $420 million in junior-ranking debt as part of
its exit from bankruptcy in 2012, Paul Ausick, writing for 24/7
Wall St., adds.

24/7 Wall St. relates that the Company tried to put its stores on
the auction block but received no acceptable bids by the May 2015
bid deadline.  The report states that the stores are likely to be
sold piecemeal in what is known as a "prepackaged bankruptcy."  The
Company, the report says, has about 300 store locations under all
its brands and has hired Evercore Partners to assist in the
process.

According to 24/7 Wall St., Kroger Co. is reportedly interested in
some of the Pathmark store locations.  The report adds that Dutch
supermarket operator Ahold is another possible buyer.

James Covert at NY Post quoted a spokesperson for the Company as
saying, "No decision has been made regarding a particular outcome,
and it would be inaccurate and irresponsible to suggest otherwise.
The Company is committed to continuing to serve its customers and
communities as it always has and intends to keep its stores fully
staffed."

                  About Atlantic and Pacific

Funded in 1859, The Great Atlantic and Pacific Tea Company, Inc.
(A&P), headquartered in Montvale, N.J., is a supermarket chain
operating 301 supermarkets under the A&P, The Food Emporium,
Pathmark, Superfresh, Waldbaums and Foodbasics banners and 18
liquor stores in the Northeast US concentrated in the New York /
New Jersey / Pennsylvania markets.  The company's annual sales are
about $5.8 billion.

A&P and its affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Case No. 10-24549) on Dec. 12, 2010, in White Plains, New York.
Before filing for bankruptcy in 2010, A&P operated 429 stores in
eight states and the District of Columbia under the following
trade names: A&P, Waldbaum's, Pathmark, Pathmark Sav-a-Center,
Best Cellars, The Food Emporium, Super Foodmart, Super Fresh and
Food Basics.  A&P had 41,000 employees prior to the bankruptcy
filing.

In its petition, A&P reported total assets of $2.5 billion and
liabilities of $3.2 billion as of Sept. 11, 2010.

Paul M. Basta, Esq., James H.M. Sprayregen, Esq., and Ray C.
Schrock, Esq., at Kirkland & Ellis, LLP, in New York, and James J.
Mazza, Jr., Esq., at Kirkland & Ellis LLP, in Chicago, Illinois,
served as counsel to the Debtors.  Kurtzman Carson Consultants LLC
acted as the claims and notice agent.  Lazard Freres & Co. LLC
served as the financial advisor.  Huron Consulting Group served as
management consultant.  Dennis F. Dunne, Esq., Matthew S. Barr,
Esq., and Abhilash M. Raval, Esq., at Milbank, Tweed, Hadley &
McCloy LLP, represented the Official Committee of Unsecured
Creditors.

The Bankruptcy Court entered an order Feb. 27, 2012, confirming a
First Amended Joint Plan of Reorganization filed Feb. 17, 2012.
A&P consummated its financial restructuring and emerged from
Chapter 11 as a privately held company in March 2012.

A&P sold or closed stores during the bankruptcy proceedings.  It
emerged from bankruptcy with 320 supermarkets.  Among others, A&P
sold 12 Super-Fresh stores in the Baltimore-Washington area for
$37.83 million, plus the value of inventory.  Thirteen other
locations didn't attract buyers at auction and were closed mid-
July 2011.

Mount Kellett Capital Management LP, The Yucaipa Companies LLC and
investment funds managed by Goldman Sachs Asset Management, L.P.,
provided $490 million in debt and equity financing to sponsor
A&P's reorganization plan and complete its balance sheet
restructuring.  JP Morgan and Credit Suisse arranged a
$645 million exit financing facility.

                           *     *     *

In April 2014, Standard & Poor's Ratings Services revised its
outlook on Montvale, N.J.-based The Great Atlantic & Pacific Tea
Co. (A&P) to developing from negative.  At the same time, S&P
affirmed all ratings, including the 'CCC' corporate credit rating.
The 'CCC' corporate credit rating reflects S&P's view that the
company's overall profits may still be vulnerable to continued
sales declines over the next year, which could strain the
company's liquidity.  S&P also view the company's financial risk
profile as "highly leveraged" and business risk profile as
"vulnerable."

In February 2014, Moody's Investors Service affirmed the company's
Caa2 corporate family rating and Caa2-PD probability of default
rating.  The Caa2 corporate family rating reflects A&P's weak
operating performance, very weak credit metrics and Moody's
opinion that A&P's cash interest coverage and free cash flow will
remain weak over the next year.

The TCR, on Oct. 31, 2014, reported that Standard & Poor's Ratings
Services withdrew its ratings on The Great Atlantic & Pacific Tea
Co. Inc., including its 'CCC' corporate credit rating, at the
company's request.  At the time of the withdrawal the outlook was
developing.


ATLS ACQUISITION: Court Confirms Ch. 11 Liquidating Plan
--------------------------------------------------------
Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware on July 15, 2015, issued a findings of
fact, conclusions of law, and order confirming the First Amended
Joint Plan of Liquidation of ATLS Acquisition, LLC, and its
affiliated debtors.

A hearing on the confirmation of the Plan, which was co-proposed by
the Official Committee of Unsecured Creditors and Meco Health
Solutions, Inc., was held on June 16, at which the Court reserved
its ruling on the Plan.  On July 14, the Court ruled in support of
confirmation of the Plan.

Judge Silverstein on May 7, 2015, approved the disclosure statement
and the proposed solicitation procedures.  The record date for
holders of claims will be May 7.  The judge set a June 9 deadline
for submission of ballots and written objections to confirmation of
the Plan.  The deadline for holders of secured claims, non-tax
priority claims and equity interests in Classes 1, 2 or 6 to opt
out of the releases provided in Article XIII of the Plan are also
due June 9.

The Debtors, the Official Committee of Unsecured Creditors, and
Medco Health Solutions, Inc., anticipate that the Plan will provide
for a 100% recovery to Holders of all allowed claims in the Chapter
11 cases other than the Medco Claims.  Embodied in the Amended Plan
are the terms of a settlement which provides for an aggregate $2.4
million distribution in full and final satisfaction of all of
claims that the individual parties may have against the Debtors'
estates, directly or indirectly, for attorneys' fees and costs.

A full-text copy of the Confirmation Order is available at
http://bankrupt.com/misc/ATLSplanord0715.pdf

                       About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-10262) on Feb. 15, 2013, just less than three
months after a management buy-out and amid a notice by the lender
who financed the transaction that it's exercising an option to
acquire the business.

Liberty has been in business for 22 years serving the needs of
both type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

Dennis A. Meloro, Esq., at Greenberg Traurig, LLP, serves as the
Debtor's counsel; Ernst & Young LLP to provide investment banking
advice; and Epiq Bankruptcy Solutions, LLC, as claims and noticing
agent for the Clerk of the Bankruptcy Court.

An official committee of unsecured creditors has been appointed in
the case and consists of LifeScan, Inc., Abbott Laboratories, and
Teva Pharmaceuticals USA, Inc.  They are represented by Joseph H.
Huston Jr., Esq., Maria Aprile Sawczuk, Esq., and Camille C. Bent,
Esq., of Stevens & Lee P.C. as well as Bruce Buechler, Esq., S.
Jason Teele, Esq., and Nicole Stefanelli, Esq. of Lowenstein
Sandler LLP.  The Committee has tapped Mesirow Financial
Consulting, LLC, as financial advisors.

                           *     *     *

In November 2014, the Debtor received the green light from the
Bankruptcy Court for its $68.5 million sale to an investment group
led by private equity firm Palm Beach Capital.  The auction for
the assets boosted the purchase price by more than $20 million.


BAHA MAR: Bahamas Government Aims to Take Control of Stalled Resort
-------------------------------------------------------------------
Stephanie Gleason, writing for the Dow Jones' Daily Bankruptcy
Review, reported that the government of the Bahamas will attempt to
take control of the future Baha Mar, a $3.5 billion unopened
resort, in Bahamian court by opposing the resort developer's U.S.
bankruptcy filing and forcing it into a Bahamian proceeding.

According to the report, the announcement from Prime Minister Perry
Christie said that talks in China -- between resort developer Baha
Mar Ltd . and its creditors, including the Export-Import Bank of
China and China Construction of America Inc. -- have ended without
an agreement that would provide a consensual reorganization of the
massive resort.

                           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.


BERKELEY DELAWARE: Judge Says Appeal Over Lease Should Be Dropped
-----------------------------------------------------------------
Bankruptcy Judge William J. Lafferty, III, has recommended the
dismissal of an appeal in the adversary case, First Citizens Bank &
Trust, Co., et al., Plaintiff, Emil Shokohi Defendant, AP No.
13-4219 (Bankr. N.D. Cal.).

Shokohi "has failed to complete the record on appeal with the clerk
of the Bankruptcy Court by supplying copies of designated record or
paying for their reproduction as required by Bankruptcy Rule 8006,"
the judge said in his July 13, 2015 Recommendation, available at
http://bit.ly/1HC3DzBfrom Leagle.com.

Judge Lafferty ruled last year that the leasing of the rental
property to the
Defendant violated section 549 of the Bankruptcy Code, and entered
a Memorandum Finding Lease Voidable which determined that relief
under section 549 rendered the subject transaction voidable but not
void.

1080 Delaware LLC, the Plaintiff-in-Intervention, submitted a
proposed order granting summary judgment to the court on Oct. 1,
2014.

Shokohi believes the following language should be included in the
order: "The Court has not ruled on any state law issues, including
issues of waiver and estoppel, and whether any party has ratified
the lease by its statements or conduct."

On Oct. 6, 2014, Judge Lafferty issued a memorandum, stating that
the court believes this language is overbroad and should not be
included in the order.  A copy of that Memorandum is available at
http://1.usa.gov/1MeePZA

As reported by the Troubled Company Reporter on July 25, 2014,
debtor Berkeley Delaware Court, LLC, owned real property in
Berkeley, California, on which it constructed and ultimately
operated an apartment complex.  On November 5, 2009, well prior to
completion of the project, the Debtor filed its first chapter 11
bankruptcy -- In re Berkeley Delaware Court, LLC, Case No.
09-17100-LA11, (Bankr. S.D. Cal. Nov. 5, 2009) -- in the Southern
District of California.  The Debtor and the secured lender,
First-Citizens Bank & Trust Company, came to an arrangement whereby
the chapter 11 case was dismissed, the Debtor was given a set
amount of time to sell or refinance the real property and the
lender was given a deed in lieu of foreclosure that was placed into
escrow, to be delivered to lender if the Debtor did not timely pay
off the loan.  In addition, to preserve the status quo and ensure
First-Citizen's ability to take the property with as few burdens as
possible the Debtor agreed not to encumber the property with
leases, without the express written consent of First-Citizens.  An
order was entered on June 28, 2010, approving this agreement.  The
first bankruptcy case was dismissed shortly after the order was
issued.  An order voluntarily dismissing the case was entered on
Sept. 9, 2010, and the case was closed on Sept. 14, 2010.

Unfortunately, the Debtor was unable timely to pay off First-
Citizens and, facing default under the negotiated compromise, and
apparently seeking to prevent delivery of the deed in lieu to the
lender, the Debtor filed a second chapter 11 bankruptcy case -- In
re Berkeley Delaware Court, LLC, Case No. 11-07128-LA7, (Bankr.
S.D. Cal. Apr. 29, 2011) -- on April 29, 2011.  The Debtor neither
timely commenced payments to First-Citizens, nor timely proposed a
confirmable plan within the meaning of section 362(d)(3), and the
Court concluded that it was required to grant relief from stay to
lender by order entered on Aug. 11, 2011.

This development notwithstanding and notwithstanding the prior
court approved restriction on leasing the property, an agent for
the Debtor entered into a lease agreement with the Defendant on
Sept. 5, 2011.  Pursuant to the lease agreement, the Defendant
moved into an apartment on the property, and has remained in
possession thereof from then to the present time.

For reasons not germane to this matter, the Bankruptcy Court
converted the case to one under chapter 7 on March 2, 2012.
During the spring of 2012, Plaintiff-In-Intervention, 1080
Delaware LLC, purchased the Real Property from First-Citizens.
The purchase agreement required First-Citizens to take further
action regarding the lease encumbering the property.  After
discussion with representatives of First-Citizens in November
2012, an agreement was entered into between the Chapter 7 Trustee
and First-Citizens which transferred to First-Citizens the
Trustee's power to avoid post-petition transactions under section
549 of the Bankruptcy Code.  The agreement was approved by the
bankruptcy court on Nov. 26, 2012.

First-Citizens attempted to void the lease in state court, and on
Jan. 23, 2012, brought an action in state court in an attempt to
have the lease between Emil Shokohi and the Debtor declared void.
The Alameda County Superior Court dismissed the case holding
First-Citizens could not pursue a section 549 action in state
court.  Additionally, four other actions involving the property
are pending in Alameda County Superior Court: a cross-complaint
for emotional distress filed by Mr. Shokohi in the case, an action
by Mr. Shokohi for declaratory and injunctive relief against the
new owner, an unlawful detainer action by the new owner against
Mr. Shokohi, and an action by the City of Berkeley against 1080
Delaware to enforce the pre-petition agreement requiring the
Debtor to provide 10 units for low income tenants at the property.

On Feb. 20, 2013, the adversary proceeding captioned, FIRST
CITIZENS BANK & TRUST COMPANY, as assignee of Christopher R.
Barclay, Chapter 7 Trustee of Berkeley Delaware Court, LLC,
Plaintiff, v. EMIL SHOKOHI, Defendant, 1080 DELAWARE LLC,
Plaintiff-In-Intervention, ADV. PRO. NO. 13-04219 (Bankr. N.D.
Cal.), was filed in the second bankruptcy case.  On Oct. 13, 2013,
the adversary proceeding was transferred to Bankruptcy Judge
William J. Lafferty, III.  The Court granted 1080 Delaware's
Motion to Intervene on Jan. 21, 2014.  The first three of the
actions have been stayed pending the outcome of this adversary
proceeding.

At the hearing on April 21, 2014, the Bankruptcy Court determined
that section 549 applied to the Sept. 5, 2011, lease agreement.
Nevertheless, the Defendant has been living in the property over
the last several years, and First Citizen's initial efforts to
terminate the lease under state law have caused the tenant to
raise defenses under California landlord tenant law, and to assert
claims for affirmative relief under that law.  According to Judge
Lafferty, whether section 549 renders the lease agreement void or
voidable may affect the rights of the parties and the disposition
of the state court claims.

At the conclusion of the hearing, the Court determined that relief
was appropriate under section 549 because the lease of real
property was a post-petition transfer of Property belonging to the
Debtor's estate, and that the transfer was unauthorized because it
was done in contradiction of a court order.  The transfer did not
qualify for the exemption established in subsection 549(c) because
the transfer was not made to a purchaser.  The Court found the
transfer could be avoided pursuant to 549(a).

At the conclusion of the hearing, there was disagreement as to
whether the effect of the Court's ruling would be to render the
lease "void" from the outset, or voidable (ie. void as of the date
of the entry of summary judgment).  The parties had not previously
addressed that issue in their briefs, and the Court set a briefing
schedule for parties to provide authorities to support their
respective position for that issue.  The Plaintiff-In-Intervention
and Defendant submitted supplemental briefs.  There was also an
objection filed by the Plaintiff-In-Intervention.  The disposition
of this issue renders the objection moot.

In a July 18, 2014 Memorandum available at http://is.gd/a3CsQNfrom
Leagle.com, Judge Lafferty held that Section 549 contains no
language to indicate that the effect of a 549 avoidance judgment
was intended to be retroactive.  Therefore, a transfer found to be
in violation of section 549 is avoided as of the date the court
issues a judgment of that finding, and not before.

Unlike a void transfer under section 362, Judge Lafferty continued,
a transfer that is voidable remains effective until action is taken
and a judgment is entered. Such a transfer, therefore, is not
totally without effect, but is rendered ineffective by a ruling of
the court avoiding the transfer.


BG MEDICINE: Announces Payoff of Secured Term Loan
--------------------------------------------------
BG Medicine, Inc.,has paid off its secured term loan facility with
General Electric Capital Corporation and Comerica Bank.

The secured term loan in the aggregate principal amount of $10
million was funded to BG Medicine in February 2012.  BG Medicine
has been making monthly principal and interest payments on this
loan since August 2013.  As a result of the payoff, all security
interests that had been granted to the secured lenders are now
released and discharged.

"The payoff of the secured term loan facility and elimination of
the associated cash burn was an important milestone for BG Medicine
and will allow us to invest additional operating cash to grow our
business," said Paul R. Sohmer, M.D., president and chief executive
officer of BG Medicine.  "Fulfilling this key objective was an
essential step in our plan to redirect critical resources to
support our role in the U.S. market introduction of automated
galectin-3 testing, which became available in the U.S. earlier this
month."

            Amends Purchase Agreement with Stockholders

As previously disclosed in a Current Report on Form 8-K/A filed
with the Securities and Exchange Commission on June 9, 2015, BG
Medicine entered into a Securities Purchase Agreement on May 12,
2015, with the Company's principal stockholders, Applied Genomic
Technology Capital Fund, L.P., AGTC Advisors Fund, L.P. and
Flagship Ventures Fund 2007, L.P., which are affiliates of the
Company's directors, Noubar B. Afeyan, Ph.D. and Harry W. Wilcox.

Pursuant to the terms of the Purchase Agreement, on May 12, 2015,
the Company issued and sold to the Purchasers the Company's secured
convertible promissory notes in the aggregate principal amount of
$500,000.  On July 14, 2015, the Company and the Purchasers entered
into the First Amendment to the Purchase Agreement pursuant to
which the Company and the Purchasers agreed to extend the period of
time following the Company's 2015 annual meeting of stockholders
for the Second Closing to occur until
July 14, 2015.  On July 14, 2015, pursuant to the terms of the
Purchase Agreement, the Company issued and sold to the Purchasers
1,176,262 shares of newly designated Series A Preferred Stock,
$0.001 par value per share, of the Company at a purchase price of
$1.7003 per share for aggregate gross cash proceeds of
approximately $2 million.  In addition, at the Second Closing, the
$500,000 in aggregate principal amount of Notes, plus accrued but
unpaid interest thereon, that the Company had issued to the
Purchasers in the Initial Closing, converted into 298,181 shares of
Series A Preferred Stock at the Purchase Price.
Following the Second Closing, the Company had issued an aggregate
of 1,474,443 shares of Series A Preferred Stock, which are
outstanding and held by the Purchasers.

The Second Closing was subject to the approval of the Company's
stockholders at the 2015 Annual Meeting and the satisfaction or
waiver of other closing conditions.  The Company's stockholders
approved the issuance of shares of Series A Preferred Stock, shares
of Series A Preferred Stock issuable upon conversion of the Notes
and common stock issuable upon conversion of Series A Preferred
Stock, at the 2015 Annual Meeting held on July 7, 2015.

In connection with the Second Closing, the Company also entered
into the Fifth Amended and Restated Investor Rights Agreement with
the Purchasers as well as the stockholders who hold shares of the
Company's common stock that are registrable securities under the
Company's existing Fourth Amended and Restated Investor Rights
Agreement dated as of July 10, 2008.  Under the terms of the
Investor Rights Agreement, the Existing IRA was amended and
restated to grant certain demand and piggyback registration rights
with respect to the shares of common stock issuable upon conversion
of the Series A Preferred Stock.  These registration rights are
subject to certain conditions and limitations, including the right
of the underwriters of an offering to limit the number of shares of
the Company's common stock included in any such registration under
certain circumstances.  The Company is generally required to pay
all expenses incurred in connection with registrations effected in
connection with the registration rights, excluding underwriting
discounts and commissions.

                         About BG Medicine

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

BG Medicine reported a net loss of $8.06 million in 2014, a
net loss of $15.8 million in 2013 and a net loss of $23.8 million
in 2012.

Deloitte & Touche LLP, in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company's recurring
losses from operations, recurring cash used in operating activities
and accumulated deficit raise substantial doubt about its ability
to continue as a going concern.


BOOMERANG TUBE: Files Schedules of Assets and Liabilities
---------------------------------------------------------
Boomerang Tube, LLC, filed with the U.S. Bankruptcy Court for the
District of Delaware its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $37,742,268
  B. Personal Property          $234,463,069
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $256,516,782
  E. Creditors Holding
     Unsecured Priority
     Claims                                        $3,107,606
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                       $40,751,558
                                 -----------      -----------
        Total                   $272,205,337     $300,375,946

A copy of the schedules is available for free at:

        http://bankrupt.com/misc/BoomerangTube_169_SAL.pdf

                       About Boomerang Tube

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

Boomerang Tube and its subsidiaries BTCSP LLC and BT Financing
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
15-11247) on June 9, 2015, with a deal with lenders on a balance
sheet restructuring that would convert $214 million of debt to
100%
of the common stock of the reorganized company.

The cases are assigned to Judge Mary F. Walrath.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, as
attorneys; Lazard Freres & Co. LLC, as financial advisor; and
Donlin, Recano & Co., Inc., as claims and noticing agent.

On June 30, 2015, the Debtor filed a bankruptcy-exit plan and
explanatory disclosure statement.  A hearing to approve the
Disclosure Statement is set for August 11.

The U.S. Trustee overseeing the Chapter 11 case appointed five
creditors to serve on an official committee of unsecured
creditors.



BOOMERANG TUBE: Judge Approves $145 Million Lifeline
----------------------------------------------------
Tom Corrigan, writing for Dow Jones' Daily Bankruptcy Review,
reported that Judge Mary Walrath of the U.S. Bankruptcy Court in
Delaware on July 17 signed off on a hotly contested request from
Boomerang Tube LLC for access to as much as $145 million in
bankruptcy financing.

According to the report, the ruling will keep the company operating
and move it one step closer to implementing a restructuring plan
under which senior lenders would trade about $214 million in debt
for ownership of the reorganized company as well as for $55 million
in new debt.

The postpetition financing would consist of a $60 million
new-money
term loan provided by a group of prepetition term lenders and an
asset-based loan of up to $85 million from Wells Fargo Capital
Finance, LLC, and Bank of America, N.A.  Cortland Capital Market
Services LLC would serve as administrative agent on the term loan,
while WFCF would serve as administrative agent on the ABL.

The $35 million of the Term DIP Facility and up to $85 million of
the ABL DIP Facility will be available upon interim approval of
the
DIP financing.

The term loan would be priced at Libor plus 11% or an alternate
base rate plus 10%, with default interest at the applicable rate
plus 3.0% per annum.  The ABL would be priced at Libor plus 4.5%
or
a base rate plus 2.5%, with default interest at the applicable
rate
plus 2.0% per annum.

The term loan requires a 2% commitment fee and a $35,000
administrative agency fee.  The ABL would have a $300,000 fee as
well as an unused commitment fee of 0.375% to 0.5%, depending on
usage of the loan.

The term loan would mature on the earliest of 120 days after the
Petition Date (Oct. 7, 2015), the sale of the Debtor's assets and
the effective date of a Chapter 11 plan.  The ABL would mature on
the earliest of 150 days after the Petition Date (Nov. 6, 2015),
the closing of a sale of all the Debtor's assets and a plan
effective date.

                 About Boomerang Tube

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

Boomerang Tube and its subsidiaries BTCSP LLC and BT Financing
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
15-11247) on June 9, 2015, with a deal with lenders on a balance
sheet restructuring that would convert $214 million of debt to
100%
of the common stock of the reorganized company. The cases are
assigned to Judge Mary F. Walrath.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, as
attorneys; Lazard Freres & Co. LLC, as financial advisor; and
Donlin, Recano & Co., Inc., as claims and noticing agent.


BRANTLEY LAND: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Brantley Land & Timber Company, LLC
        101 Plantation Chase
        Saint Simons Island, GA 31522

Case No.: 15-20584

Chapter 11 Petition Date: July 16, 2015

Court: United States Bankruptcy Court
       Southern District of Georgia (Brunswick)

Debtor's Counsel: C. James McCallar, Jr., Esq.
                  MCCALLAR LAW FIRM
                  P. O. Box 9026
                  Savannah, GA 31412
                  Tel: 912-234-1215
                  Fax: 912-236-7549
                  Email: mccallar@mccallarlawfirm.com

Total Assets: $14 million

Total Liabilities: $12.9 million

The petition was signed by Jerry W. Harper, receiver.

List of Debtor's six Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Brantley County Tax                Property taxes     $1,542,965
Commissioner
P.O. Box 829
Nahunta, GA 31553

Daniel Dukes                        Partner Loan         $87,035

Rodney Cobb                         Partner Loan         $24,149

State Bank & Trust Company              Loan         $11,004,383
3399 Peachtree Road, NE
The Lennox Buillding, Suite 2050
Atlanta, GA 30326

Victor Smith                       Partner Loan          $80,496

W&D Investments, Inc.              Water System         $213,000


BROOKLYN RENAISSANCE: Questions Validity of JPMorgan Lien
---------------------------------------------------------
Brooklyn Renaissance LLC asks the U.S. Bankruptcy Court for the
Eastern District of New York to determine the validity, extent and
priority of J.P. Morgan Mortgage Acquisition Corp.'s claims and
interests in and to the property located at 107 W. 132nd Street, in
New York.

Jonathan S. Pasternak, Esq. at Delbello Donnellan Weingarten Wise &
Wiederkehr LLP, in White Plains, New York, relates that JPMorgan is
the record holder of a mortgage against the Property and commenced
an action to foreclose in Supreme Court, New York County, under
index no.859288-2013.  He further relates that previously American
Brokers Conduit had commenced a foreclosure against the same
Property under index no 114176-2007 in October, 2007.  American
Broker's action was discontinued and that subsequently Homesales
Inc. commenced an action to foreclose based on the same note and
mortgage in 2008, in an action encaptioned Homesales Inc v Lydia
Elliott, Supreme Court, New York County, Index No. 108809-2008.
Homesales' action was also discontinued.

The Debtor challenges the validity of JPMorgan's standing as a
creditor or holder of a valid mortgage interest as a result of
invalid assignment of mortgage and mortgage note and therefore
seeks to determine the validity, extent and priority of JPMorgan's
claims against and interests in and to the Property, if any.

The Debtor also seeks the cancellation of the Mortgage as the
JPMorgan's claims and interests in the Property are also
statutorily time barred.

Brooklyn Renaissance LLC is represented by:

          Jonathan S. Pasternak, Esq.
          Julie C. Curley, Esq.
          DELBELLO DONNELLAN WEINGARTEN WISE &
          WIEDERKEHR LLP
          One North Lexington Avenue, 11th Floor
          White Plains, NY 10601
          Telephone: (914)681-0200

             About Brooklyn Renaissance

Brooklyn Renaissance, LLC, sought Chapter 11 bankruptcy protection
(Bankr. E.D.N.Y. Case No. 15-43122) on July 6, 2015 in Brooklyn,
without stating a reason.  The Debtor estimated $10 million to $50
million in assets and less than $10 million in debt.  James McGown,
the managing member, signed the petition.  The case is assigned to
Judge Nancy Hershey Lord.

The Debtor tapped Jonathan S Pasternak, Esq., at DelBello Donnellan
Weingarten Wise & Wiederkehr, LLP, in White Plains, New York, as
counsel.  According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Nov. 3, 2015.


BUDD COMPANY: Court Approves Willow Tree's Carl Lane as New CRO
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
approved the agreement between The Budd Company, Inc., and Willow
Tree Consulting Group LLC to provide the services of Carl S. Lane
as chief restructuring officer, nunc pro tunc to June 20, 2015, the
date of his appointment as CRO.

The Court, at the hearing held July 7, overruled objections to the
motion.

In a the notice of filing of Amended Willow Tree Agreement, the
Debtor said that no party other than the UAW and Retiree Committee
has contacted counsel to the Debtor with any questions or concerns
regarding the motion or the Willow Tree Agreement.

The Debtor related that Charles Moore resigned as CRO of the
Debtor, and the Debtor, after consultation with its largest
creditors, appointed Mr. Lane as CRO to fill the vacancy created by
Mr. Moore's resignation.

Mr. Lane is the managing director of Willow Tree and a professional
with over 25 years of experience as a restructuring professional.
Prior to forming Willow Tree, Mr. Lane spent approximately 13 years
at Deloitte Financial Advisory Services LLP (which he left as a
principal) and approximately four years as a managing director at
AlixPartners, LLP.

As CRO, Mr. Lane will serve at the pleasure of the board of
directors, provided that Mr. Lane will report to and take direction
solely from the independent director with respect
to all matters related to the investigation and resolution of the
Debtor's claims against affiliates.

Under the Willow Tree Agreement, the Debtor will compensate Willow
Tree for Mr. Lane's service as CRO.  Specifically, the Debtor seeks
authority to: (a) pay Willow Tree an hourly rate of $550 for Mr.
Lane's activities as CRO; (b) reimburse Willow Tree for expenses
incurred by Mr. Lane in his capacity as CRO; and (c) indemnify Mr.
Lane as CRO to the same extent to which the Debtor indemnifies its
other officers under its bylaws, or otherwise.

The Court on May 9, 2014,approved the agreement with Conway
MacKenzie Management Services to provide the services of Mr. Moore
as CRO and other support personnel.

Mr. Moore terminated his employment with Conway and initiated
employment with Alvarez & Marsal North America, LLC.  Since Mr.
Moore's departure from Conway: (a) Mr. Moore has continued to
perform his duties as CRO (without compensation); (b) The Budd
Company, Inc., the Debtor's counsel, and Conway otherwise have
continued to operate under the Conway Agreement; and (c) Budd has
discussed at length an arrangement whereby Conway would consent to
Mr. Moore continuing as Budd's CR (with compensation paid to
Alvarez).  In all respects, Budd's corporate governance remains
intact with Mr. Moore as CRO, Mr. Bastien as president and
corporate secretary, and its three-member board of directors,
including its independent director, Charles Sweet.

                      About The Budd Company

The Budd Company, Inc., a former supplier to the automotive
industry, filed for chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 14-11873) on March 31, 2014, with a deal to settle
potential claims against its parent, ThyssenKrupp AG.

The company -- which ceased manufacturing operations in 2006 and
does not have any current employees, facilities or customers --
has obligations consisting largely of medical and other benefits to
approximately 10,000 former employees.

Liabilities amount to approximately $1 billion with assets of
approximately $400 million.  Most of the debt consists largely of
medical and other benefits to approximately 10,000 former
employees.

The Debtor disclosed $387,555,681 in assets and $1,107,350,034 in
liabilities as of the Chapter 11 filing.

The Hon. Jack B. Schmetterer oversees the case.  The Debtor has
tapped Proskauer Rose LLP as Chapter 11 counsel, Dickinson Wright
PLLC as special counsel, Epiq Bankruptcy Solutions, LLC as
noticing, claims and balloting agent, and Conway MacKenzie
Management Services, LLC's Charles M. Moore as CRO.

The U.S. Trustee appointed five individuals to serve on the
Committee of Executive & Administrative Retirees.  The Segal
Company (Eastern States), Inc. serves as the Committee's actuarial
consultant.  The Committee retained Solic Capital Advisors, LLC as
its financial advisor.

Reed Heiligman, Esq., at FrankGecker LLP, in Chicago, Illinois,
represents the ad hoc committee of asbestos personal injury
claimants.



CAL DIVE: EVP Chief Administrative Officer Resigns
--------------------------------------------------
Lisa M. Buchanan, the executive vice president, chief
administrative officer, general counsel and secretary of Cal Dive
International, Inc., tendered her resignation from the Company,
effective July 31, 2015, to accept employment at another company.

                          About Cal Dive

Houston, Texas-based marine contractor Cal Dive International,
Inc., provides manned diving, pipelay and pipe burial, platform
installation and salvage, and light well intervention services to
the offshore oil and natural gas industry on the Gulf of Mexico
OCS, Northeastern U.S., Latin America, Southeast Asia, China,
Australia, West Africa, the Middle East, and Europe.  Cal Dive and
its U.S. subsidiaries filed simultaneous voluntary petitions
(Bankr. D. Del. Lead Case No. 15-10458) on March 3, 2015.

Through the Chapter 11 process, the Company intends to sell
non-core assets and intends to reorganize or sell as a going
concern its core subsea contracting business.

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

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

The U.S. Trustee for Region 3 formed a five-member committee of
unsecured creditors in the case.  The Committee retained AkinGump
Strauss Hauer & Feld LLP and Pepper Hamilton LLP as co-counsel; and
Guggenheim Securities, LLC as exclusive investment banker.

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


CAL DIVE: Has Until Sept. 29 to Decide on Unexpired Leases
----------------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware extended from July 1, 2015, to Sept. 29,
2015, Cal Dive International, Inc., et al.'s time to assume or
reject unexpired eases.

As reported in the Troubled Company Reporter on June 22, 2015, the
Debtors are parties to two unexpired leases.  First, under the
Office Lease Agreement, dated May 19, 2000, between Cal Dive and
2500 CityWest Blvd, LLC, Cal Dive leases office space for Debtors'
corporate headquarters in Houston, Texas.  Second, under the
Commercial Lease, dated Sept. 24, 2012, between Cal Dive Offshore
Contractors, Inc. and Sabine Breakwater LLC, CDOCI leases a dock
facility in Jefferson County, Texas, where several of the Debtors'
vessels and related equipment are stored.

                   About Cal Dive International

Houston, Texas-based marine contractor Cal Dive International,
Inc., provides manned diving, pipelay and pipe burial, platform
installation and salvage, and light well intervention services to
the offshore oil and natural gas industry on the Gulf of Mexico
OCS, Northeastern U.S., Latin America, Southeast Asia, China,
Australia, West Africa, the Middle East, and Europe.

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

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

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

The U.S. Trustee for Region 3 formed a five-member committee of
unsecured creditors in the case.  The Committee retained Akin Gump
Strauss Hauer & Feld LLP and Pepper Hamilton LLP as co-counsel;
and
Guggenheim Securities, LLC as exclusive investment banker.

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



CAL DIVE: Sept. 2, 2015 Fixed as Governmental Claims Bar Date
-------------------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware established Sept. 2, 2015, at 5:00 p.m.,
as the deadline for any governmental units to file proofs of claim
against Cal Dive International, Inc., et al.

Proof of claim forms may be obtained by visiting KCC's Website --
https://www.kccllc.net/caldive -- or by contacting KCC by regular
mail, overnight mail or hand delivery to Cal Dive Claims Processing
c/o Kurtzman Carson Consultants LLC, 2335 Alaska Avenue, El
Segundo, CA 90245 or by telephone (888) 647-1733 (toll free) or
(310) 751-2623 (international callers).

The Debtors, in an omnibus reply in support of their bar date
motion and in response to the objection filed by Doerle Food
Services, Inc., McDonough Marine Service, and MacTech Offshore,
Inc. as joined by Gulf Copper & Manufacturing Corp., related that
the Court must overrule the objection and grant the bar date motion
because they are meritless.

According to the Debtors, there is no reason why the bar date order
must not apply to creditors asserting liens based on federal
maritime law and that dispute how the Debtors have scheduled
their claims.

                   About Cal Dive International

Houston, Texas-based marine contractor Cal Dive International,
Inc., provides manned diving, pipelay and pipe burial, platform
installation and salvage, and light well intervention services to
the offshore oil and natural gas industry on the Gulf of Mexico
OCS, Northeastern U.S., Latin America, Southeast Asia, China,
Australia, West Africa, the Middle East, and Europe.

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

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

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

The U.S. Trustee for Region 3 formed a five-member committee of
unsecured creditors in the case.  The Committee retained Akin Gump
Strauss Hauer & Feld LLP and Pepper Hamilton LLP as co-counsel;
and
Guggenheim Securities, LLC as exclusive investment banker.

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



CALIFORNIA COMMUNITY: Aug. 19 Hearing on CB&T's Bid to Lift Stay
----------------------------------------------------------------
A court hearing to consider California Bank and Trust's bid to lift
the automatic stay will be continued on August 19, according to a
filing with the U.S. Bankruptcy Court for the Eastern District of
California.

California Bank, a secured creditor of California Community
Collaborative Inc., asked the court in December last year to lift
the injunction, which has prevented the bank from foreclosing on a
property owned by the company.

The property, located in San Bernardo, California, serves as
collateral for the $9.28 million loan that California Community
obtained from Vineyard Bank NA.  California Bank acquired the loan
in 2009.

California Community filed an objection in which it criticized the
bank's claim that it doesn't have equity in the property.  

The company questioned California Bank's latest valuation of the
property, which it said, "appears to be highly inconsistent" with
the bank's initial valuation.

California Bank defended its request to lift the stay, saying the
argument raised by the company regarding the appraisal reports is
"irrelevant."

                      About California Community

California Community Collaborative owns and rents to
non-residential tenants an office building located at 655 West 2nd
Street, San Bernardino, California.  The building was previously a
Mervyn's retail shopping center before it was acquired and later
remodeled into a two-story, 88,000 square foot office building.
The company was formed by Merrell Schexnydre, who is presently the
sole shareholder and president.

The Judicial Council of California leases about 26,000 square feet
of space at the building.

California Community filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Cal. Case No. 14-26351) on June 17, 2014.  Mr. Schexnydre
signed the petition.  Judge Christopher M. Klein presides over the
case.  The Debtor estimated assets of at least $10 million and
liabilities of $1 million to $10 million.

The Debtor tapped Meegan, Hanschu & Kassenbrock as counsel and
CBRE-Inland Commercial Real Estate as broker.

The hearing to consider approval of the amended disclosure
statement explaining the Debtor's reorganization plan will be
continued on August 19, 2015 at 11:00 a.m.

The plan promises to pay creditors in installments and allows the
owner to retain control of the company. The Debtor will sell or
refinance the real property, and net proceeds after payment of the
claims secured by the property will be used to pay in full all
allowed claims secured by the property and to fund distributions
under the Plan.


CANCER GENETICS: Signs Sale Agreement with Cantor
-------------------------------------------------
Cancer Genetics, Inc., entered into a controlled equity offeringSM
sales agreement with Cantor Fitzgerald & Co., as sales agent,
pursuant to which the Company may offer and sell, from time to
time, through Cantor Fitzgerald shares of its common stock, par
value $0.0001 per share.

The Company is not obligated to sell any shares under the Sales
Agreement.  Subject to the terms and conditions of the Sales
Agreement, Cantor Fitzgerald will use commercially reasonable
efforts consistent with its normal trading and sales practices,
applicable state and federal law, rules and regulations and the
rules of The NASDAQ Capital Market to sell shares from time to time
based upon the Company's instructions, including any price, time or
size limits specified by the Company.

Cantor Fitzgerald's obligations to sell shares under the Sales
Agreement are subject to satisfaction of certain conditions,
including customary closing conditions for transactions of this
nature.  The Company will pay Cantor Fitzgerald a commission of
3.0% of the aggregate gross proceeds from each sale of shares and
has agreed to provide Cantor Fitzgerald with customary
indemnification and contribution rights. The Company has also
agreed to reimburse Cantor Fitzgerald for certain specified
expenses.

Sales of shares of common stock under the Sales Agreement will be
made pursuant to the registration statement on Form S-3, which was
declared effective by the U.S. Securities and Exchange Commission
on June 5, 2014, and a related prospectus supplement filed with the
SEC on July 15, 2015, for an aggregate offering price of up to
$20,000,000.

Meanwhile, the Company said it is currently compiling its financial
results for the three months ended June 30, 2015, and such
financial information is not yet available.  However, management's
preliminary estimate of use of cash, or cash burn, for the three
months ended June 30, 2015, indicates a burn of approximately $4.8
million in the quarter.  This amount is approximately $1.3 million
more that the Company's average cash burn and is predominately due
to the timing of the payment of premiums for the Company's annual
business insurance renewal and payments of employee bonuses accrued
in the year ended Dec. 31, 2014.

Additional information is available at http://is.gd/MhspyN

                       About Cancer Genetics

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

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

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


CHATEAU DE LUMIERE: Case Summary & 12 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Chateau de Lumiere LLC
        508 Regents Gate Dr.
        Henderson, NV 89012

Case No.: 15-14104

Chapter 11 Petition Date: July 16, 2015

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

Judge: Hon. August B. Landis

Debtor's Counsel: Talitha B. Gray Kozlowski, Esq.
                  GARMAN TURNER GORDON LLP
                  650 White Drive, Suite 100
                  Las Vegas, NV 89119
                  Tel: (725) 777-3000
                  Email: tgray@gtg.legal

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Andrew Cartwright, manager.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nvb15-14104.pdf


CHI OVERHEAD: S&P Affirms 'B' Corp. Credit Rating
-------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B'
corporate credit rating on Arthur, Ill.-based C.H.I. Overhead Doors
Inc.  The rating outlook is stable.

At the same time, S&P assigned its 'B+' issue-level rating (one
notch above the corporate credit rating) to C.H.I.'s proposed $300
million senior secured first-lien term loan and $40 million senior
secured revolving credit facility.  S&P also assigned its '2'
recovery rating to both facilities, indicating its expectation for
substantial (70% to 90%; upper end of the range) recovery in the
event of a payment default.

S&P also assigned its 'CCC+' issue-level rating to C.H.I.'s
proposed $135 million senior secured second-lien credit facility
and our '6' recovery rating, which indicates S&P's expectation for
negligible (0% to 10%) recovery in the event of a payment default.

"The stable outlook reflects our expectation that C.H.I.'s 2015
operating results will modestly improve over the next 12 months
given our view of modest growth in repair and remodeling spending,"
said Standard & Poor's credit analyst Pablo Garces.  "As a result,
we expect C.H.I. to continue to generate positive free cash flow,
with leverage of about 7.4x by the end of 2015, a level we consider
in line with the current rating."

S&P expects further reductions in debt leverage to 6.6x by the end
of 2016.  S&P's operating assumptions include modest sales growth
and stable EBITDA margins.  The outlook also incorporates S&P's
view that the company's liquidity, primarily from funds from
operations (FFO) and availability on its revolving credit facility,
will remain adequate and the company will not be subject to its
springing first-lien leverage covenant over the next 12 to 18
months.

S&P could lower the rating if the company's liquidity were to
deteriorate to a level S&P considered less than adequate.  S&P
could also lower its rating if leverage were to exceed 8x over the
next 12 months.  This could result from weaker-than-expected
operating performance resulting in reduced free cash flow
generation, minimal debt repayment, or reduced liquidity.  A
decline in EBITDA of less than 10% from our forecast would likely
result in leverage of approximately 8x.  S&P could also lower its
rating if ownership or management adopted more aggressive financial
policies such as dividend issuances, leveraged share repurchases or
debt-financed acquisitions that resulted in leverage exceeding 8x.

S&P could raise the rating if leverage fell and it expected it to
stay below 5x EBITDA.  S&P would also have to gain confidence that
the company's new private equity owners were committed to
maintaining a less aggressive financial policy in order to lower
our financial risk assessment to "aggressive" from highly
leveraged.


CICERO INC: Enters Into Purchase Agreement with Privet, et al.
--------------------------------------------------------------
Cicero, Inc., entered into a stock and warrant purchase agreement
with investors, including Privet Fund LP, Thomas Avery, four
directors of the Company, namely: John L. Steffens, Donald Peppers,
Bruce D. Miller and Mark Landis and three other persons, pursuant
to which the Purchasers severally purchased, in the aggregate,
25,000,000 shares of the Company's common stock and warrants to
purchase up to an aggregate of 205,277,778 shares of the Company's
common stock for an aggregate consideration of $1,000,000.

The Warrants are exercisable for a period of three years beginning
at any time after 60 days of issuance.  The exercise prices of the
Warrants are as follows:

   (i) Warrants to purchase up to 87,500,000 shares of the
       Company's common stock are exercisable at a price of $0.04
       per share;

  (ii) Warrants to purchase up to 77,777,778 shares of the
       Company's common stock are exercisable at a price of $0.045
       per share; and

(iii) Warrants to purchase up to 40,000,000 shares of the
       Company's common stock are exercisable at a price of $0.05
       per share.

The Warrants are exercisable only for cash, as the exercise price
paid is intended to increase the funding of the Company.  All the
exercise prices and numbers of shares are subject to customary
anti-dilution provisions.  The Warrants contain an exercise
limitation provision that prohibits exercise of the Warrants to the
extent that the exercise would result in the issuance of shares of
the Company's common stock that would cause either (a) the Company
to be deemed an investment company under the Investment Company Act
of 1940, as amended, or (b) an ownership change within the meaning
of Internal Revenue Code Section 382 (and applicable U.S. Treasury
regulations pursuant to such section) limiting the use of the
Company's net operating losses, carryforwards and other tax
attributes.  Because the Company does not have a sufficient number
of authorized shares at this time to permit it to issue the shares
upon exercise of the Warrants, the exercise of the Warrants is also
subject to the Company obtaining authorization of the stockholders
and filing an amendment to the certificate of incorporation to
increase the number of authorized shares of the Company's common
stock within 60 days after the closing of the transaction.  Once
that increase in the capitalization has been completed, the Company
is obligated to reserve a sufficient number of shares of the
Company's common stock to enable the exercise of the Warrants.

The use of proceeds from this transaction are for general corporate
purposes, as approved from time to time by the Board of Directors,
which approval must include approval by a majority of the directors
that have been designated by Privet.

Mr. Steffens gave an option to the Company for it to require the
conversion of outstanding interest due on previously converted
notes in favor of Mr. Steffens at a conversion rate of $0.10 per
share, which as of July 8, 2015, would have resulted in the
issuance of 13,608,700 shares of the Company's common stock if the
Company option were exercised.

The Company is obligated to seek the authorization of the
stockholders and, if approved, file an Amended and Restated
Certificate of Incorporation to, among other things, increase the
authorized but unissued shares of the Company's common stock to not
less than 600,000,000 shares.  The Company is required to have the
increase in shares completed within 60 days of the closing date of
the Purchase Agreement.  The Company plans to promptly file a proxy
statement with the Securities and Exchange Commission, seeking
stockholder approval for the amended and restated Certificate of
Incorporation.

In addition to the capitalization changes to be proposed to the
stockholders, the Board has also considered and adopted other
changes to the Certificate of Incorporation, which will be
submitted to the stockholders for their approval.  These changes
include the following:

   (i) a limitation on stockholders being able to act by written
       consent so long as Privet owns 30% of the outstanding
       common stock;

  (ii) a limitation on who may call a special meeting, being
       restricted to only the Board;

(iii) a provision that waives any rights that the Company has in
       any corporate opportunities that may be separately offered
       to Privet;

  (iv) waiver of the application of Section 203 of the Delaware
       General Corporate Law  to the investment by Privet;

   (v) the designation of the state courts of the State of
       Delaware as the only forum in which stockholder actions
       under the Delaware General Corporate Law, Certificate of
       Incorporation and by-laws of the Company may be brought;
       and

  (vi) to authorize a class of "blank check" preferred stock to
       replace the current form of convertible preferred stock,
       which will give the Company greater flexibility with
       respect to creating different preferred stock classes to
       suit the particular circumstances.

In connection with the execution of the Purchase Agreement, the
Company entered into an Investor Rights Agreement with Privet and
Mr. Steffens, granting the Investors the right to require the
Company to file with the Securities and Exchange Commission up to
four requested registration statements to register for resale the
Investors' shares of common stock purchased under the Purchase
Agreement and purchased upon exercise of any of the Warrants.  The
Investors also are granted unlimited "piggy-back" registration
rights with respect to the Registrable Securities.

As a result of the transaction, (i) Privet will become the record
holder of approximately 10.1% of the outstanding and issued shares
of common stock, and have the right to purchase under the Warrants
an additional 149,852,778 shares of common stock which will
correspondingly increase its percentage of ownership and it will
have the right to appoint directors, and (ii) Mr. Steffens will
decrease his current 65.5% ownership of the common stock of the
Company to 59.3%, while retaining his current control position in
the common stock.  Together Privet and Mr. Steffens, upon
completion of the transaction, excluding the exercise of the
Warrants, have a majority of the voting control of the Company.

A copy of the Stock Purchase and Warrant Purchase Agreement is
available at http://is.gd/juIPph

                         About Cicero Inc.

Cary, N.C.-based Cicero, Inc., provides business integration
software solutions and also provides technical support, training
and consulting services as part of its commitment to providing
customers with industry-leading solutions.

The Company focuses on the customer experience management market
with emphasis on desktop integration and business process
automation with its Cicero XM(TM) products.  Cicero XM enables the
flow of data between different applications, regardless of the
type and source of the application, eliminating redundant entry
and costly mistakes.

The Company has extended the maturity dates of several debt
obligations that were due in 2011 to 2012, to assist with
liquidity and may attempt to extend these maturities again if
necessary.  Despite the recent additions of several new clients,
the Company continues to struggle to gain additional sources of
liquidity on terms that are acceptable to the Company.

Cicero reported a net loss applicable to common stockholders of
$4.05 million on $1.9 million of total operating revenue for the
year ended Dec. 31, 2014, compared to a net loss applicable to
common stockholders of $3.33 million on $2.19 million of total
operating revenue in 2013.

As of March 31, 2015, the Company had $2.70 million in total
assets, $16.2 million in total liabilities and a $13.5 million
total stockholders' deficit.

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


CICERO INC: Four Directors Resign
---------------------------------
Charles Porciello, Jay Kingley, John Atherton and Antony Castagno
notified Cicero, Inc., of their respective voluntary resignations
from the Board, effective July 15, 2015, according to a Form 8-K
report filed with the Securities and Exchange Commission.

In connection with the resignations, the size of the Board was
reduced from nine directors to seven directors.

The Board appointed Ryan Levenson and Thomas Avery as new
independent directors of the Company to fill vacancies a result of
the resignations.

Mr. Levenson is currently and has been principal and managing
member of Privet Fund Management LLC, an investment firm, since its
founding in February 2007.  Mr. Levenson currently serves as a
director of RELM Wireless Corp, a manufacturer and distributor of
wireless communications products.  Mr. Levenson graduated from
Vanderbilt University with a degree in art history.

Mr. Avery has over 37 years of investment banking and venture
capital experience which includes serving as a managing director at
Raymond James & Associates from 2000 until 2014; the head of the
investment banking group at Interstate/Johnson-Lane from 1995 to
2000; a general partner at Noro-Moseley Partners from 1989 to 1995;
a general partner at Summit Partners from 1984 to 1989; and senior
vice president at The Robinson-Humphrey Company from 1977 to 1984.
Mr. Avery graduated Summa Cum Laude from the Georgia Institute of
Technology with a bachelor's degree in industrial management and
from the Harvard Business School with a master's degree in business
administration.

As Mr. Levenson and Mr. Avery are non-employee directors, the
Company has not entered into an employment agreement with either
Mr. Levenson or Mr. Avery.

                         About Cicero Inc.

Cary, N.C.-based Cicero, Inc., provides business integration
software solutions and also provides technical support, training
and consulting services as part of its commitment to providing
customers with industry-leading solutions.

The Company focuses on the customer experience management market
with emphasis on desktop integration and business process
automation with its Cicero XM(TM) products.  Cicero XM enables the
flow of data between different applications, regardless of the
type and source of the application, eliminating redundant entry
and costly mistakes.

The Company has extended the maturity dates of several debt
obligations that were due in 2011 to 2012, to assist with
liquidity and may attempt to extend these maturities again if
necessary.  Despite the recent additions of several new clients,
the Company continues to struggle to gain additional sources of
liquidity on terms that are acceptable to the Company.

Cicero reported a net loss applicable to common stockholders of
$4.05 million on $1.9 million of total operating revenue for the
year ended Dec. 31, 2014, compared to a net loss applicable to
common stockholders of $3.33 million on $2.19 million of total
operating revenue in 2013.

As of March 31, 2015, the Company had $2.70 million in total
assets, $16.2 million in total liabilities and a $13.5 million
total stockholders' deficit.

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


CIVIC PARTNERS: Bid to Dismiss Ch. 11 Case Granted
--------------------------------------------------
Chief Bankruptcy Judge Thad J. Collins of the United States
Bankruptcy Court for the Northern District of Iowa dismissed the
Chapter 11 case of Civic Partners Sioux City, LLC, at the behest of
First National Bank, after determining that there has been a
remarkable lack of progress in the matter since the time of
filing.

Judge Collins held that "there has been virtually no progress in
the year and a half since the Court denied confirmation while the
Court largely sat idle waiting on the appeal. While these delays
alone are sufficient to establish cause for dismissal, other
matters go into the Court's calculations as well. First and
foremost is the fact that Debtor has not been able to get a
confirmed plan in place despite three different proposed plans over
the last four years. Moreover, and out of fairness to Debtor, the
key issue from Debtor's perspective was resolved against Debtor a
little over halfway through this bankruptcy. Debtor has reiterated
that this is a key impediment to moving forward. Debtor notes that
an appeal would probably provide a definitive answer on the issue.
Debtor has provided no unusual circumstances under § 1112(b)(2) to
overcome the finding of cause. In fact, Debtor appears to agree to
a large degree that the matter should be dismissed so the appeal
can move forward accordingly."

The bankruptcy case is IN RE: CIVIC PARTNERS SIOUX CITY, LLC,
Chapter 11, Debtor, Bankruptcy No. 11-00829, (Bankr. N.D. Iowa).

A full-text copy of Judge Collins' Ruling dated July 8, 2015, is
available at http://is.gd/Fkx5fNfrom Leagle.com.

                 About Civic Partners

Civic Partners Sioux City, LLC, based in Huntington Beach,
California, filed for Chapter 11 bankruptcy (Bankr. N.D. Iowa Case
No. 11-00829) on April 14, 2011.  A. Frank Baron, Esq., at Baron,
Sar, Goodwin, Gill & Lohr, serves as the Debtor's counsel.  In its
petition, the Debtor estimated $1 million to $10 million in assets
and debts.  The petition was signed by Steven P. Semingson,
managing member.


CLAIRE'S STORES: Units Amend Revolving Credit Facility
------------------------------------------------------
Certain of the European subsidiaries of Claire's Stores, Inc.,
entered into an amendment to their unsecured multi-currency
revolving credit facility, dated Oct. 2, 2014, according to a
document filed with the Securities and Exchange Commission.  The
Amendment increased the size of the Euro Revolver from Euro 35
million to USD 50 million and included certain other technical
amendments.  The borrowers under the Euro Revolver consist of
certain direct and indirect European subsidiaries of Claire's
(Gibraltar) Holdings Ltd.  All obligations under the Euro Revolver
continue to be guaranteed by Claire's (Gibraltar) and the European
borrower subsidiaries, subject to certain exceptions and
limitations.

                      About Claire's Stores

Claire's Stores, Inc. -- http://www.clairestores.com/-- operates  

as a specialty retailer of fashion accessories and jewelry for
preteens and teenagers, as well as for young adults in North
America and internationally.  It offers jewelry products that
comprise costume jewelry, earrings, and ear piercing services; and
accessories, including fashion accessories, hair ornaments,
handbags, and novelty items.

Based in Pembroke Pines, Florida, Claire's Stores operates under
two brands: Claire's(R), which operates worldwide and Icing(R),
which operates only in North America.  As of Jan. 31, 2009,
Claire's Stores, Inc., operated 2,969 stores in North America and
Europe.  Claire's Stores also operates through its subsidiary,
Claire's Nippon, Co., Ltd., 213 stores in Japan as a 50:50 joint
venture with AEON, Co., Ltd.  The Company also franchises 198
stores in the Middle East, Turkey, Russia, South Africa, Poland
and Guatemala.

Claire's reported a net loss of $212 million for the fiscal year
ended Jan. 31, 2015, compared to a net loss of $65.3 million for
the fiscal year ended Feb. 1, 2014.

                           *     *     *

As reported by the TCR on April 13, 2015, Moody's Investors
Service downgraded Claire's Corporate Family Rating (CFR) to
Caa2 from Caa1.  The downgrade of Claire's ratings reflect
continued weak operating performance and deterioration of its
liquidity profile.

The TCR reported in April 2015 that Standard & Poor's Ratings
Services lowered its corporate credit rating on Claire's Stores
Inc. to 'CCC' from 'B-'.  "The rating action reflects our belief
that Claire's could violate its financial covenant under its
revolving credit facility in the upcoming quarters, given
continuously weak operating trends," said credit analyst Mariola
Borysiak.


COATES INTERNATIONAL: Registers 205M Common Shares for Resale
-------------------------------------------------------------
Coates International, Ltd., filed a Form S-1 registration statement
with the Securities and Exchange Commission relating to the resale
of up to 205,000,000 shares of its common stock, par value $0.0001
per share, issuable to Southridge Partners LLC, a selling
stockholder, pursuant to a "put right" under an equity purchase
agreement that the Company entered into with Southridge.

The EP Agreement permits the Company to "put" up to $20,000,000 in
shares of its common stock to Southridge over a period of up to 36
months.  The Company will not receive any proceeds from the sale of
these shares of common stock.  However, the Company will receive
proceeds from the sale of securities pursuant to its exercise of
this put right offered by Southridge.  The Company will bear all
costs associated with this registration.

The Company's Common Stock is traded on OTC Pink Sheets.  Investors
can find quotes and market information for the Company at
www.otcmarkets.com under the ticker symbol "COTE".  Only a limited
public market currently exists for the Company's Common Stock.  On
July 13, 2015, the closing price of the Company's common stock was
$0.00365 per share.

On June 23, 2015, a previous equity purchase agreement with
Southridge, dated July 2, 2014, providing for the sale of up to
40,000,000 registered shares of the Company's Common Stock
terminated in accordance with its terms, as all of the registered
shares of the Company's stock had been resold under a prior
registration statement on Form S-1, which had been declared
effective on Sept. 10, 2014.

A copy of the prospectus is available at http://is.gd/QkF1OA

                           About Coates

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

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

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

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


COCO BEACH GOLF: Section 341(a) Meeting Set for Aug. 21
-------------------------------------------------------
A meeting of creditors of Coco Beach Golf & Country Club SE will be
held on Aug. 21, 2015, at 9:00 a.m. at 341 meeting room, Ochoa
Building, 500 Tanca Street, First Floor, San Juan.  Creditors have
until Nov. 20, 2015, to submit their proofs of claim.

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

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

Coco Beach Golf & Country Club, S.E., owner of a first class golf
and country club in Rio Grande, Puerto Rico, currently operating
under the name of Trump International Golf Club Puerto Rico, sought
Chapter 11 protection (Bankr. D.P.R. Case No. 15-05312) in Old San
Juan, Puerto Rico, on July 13, 2015, and immediately filed a motion
seeking to sell most of the assets for $2.04 million in cash to
OHorizons Global, LLC, subject to higher and better offers.
Charles Alfred Cuprill, Esq., at Charles A Cuprill, PSC Law Office,
serves as counsel to the Debtor.  The case is assigned to Judge
Enrique S. Lamoutte Inclan.


COGENT FIBRE: Chapter 15 Case Summary
-------------------------------------
Chapter 15 Petitioner: Robert M. Mantrop on behalf of Cogent Fibre
                       Inc. in its capacity as duly authorized
                       foreign representative

Chapter 15 Debtor: Cogent Fibre Inc.
                   338 Davenport Road, Suite 102
                   Toronto, Ontario, M5R 1K6

Chapter 15 Case No.: 15-11877

Chapter 15 Petition Date: July 17, 2015

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

Judge: Hon. Stuart M. Bernstein

Chapter 15 Petitioner's    David Farrington Yates, Esq.
Counsel:                   DENTONS US LLP
                           1221 Avenue of the Americas
                           24th Floor
                           New York, NY 10020
                           Tel: (212) 768-6700
                           Fax: (212) 768-6800
                           Email: farrington.yates@dentons.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $10 million to $50 million


COMMUNITY MEMORIAL: D&O Insurer's Bid to Withdraw Reference Denied
------------------------------------------------------------------
Judge Mark A. Goldsmith of the United States District Court for
Eastern District of Michigan, Southern Division, denied, without
prejudice, a motion to withdraw reference to the bankruptcy court
for the case captioned NATIONAL UNION FIRE INSURANCE COMPANY OF
PITTSBURG, PA, Appellant/Defendant, v. CMH LIQUIDATING TRUST,
Appellee/Plaintiff, ADV. PROC. NO. 14-2082, CASE NO. 14-CV-14149,
(E.D. Mich.).

Pursuant to the order confirming the Debtor Community Memorial
Hospital's corrected first amended chapter 11 plan of liquidation
filed by the official committee of unsecured creditors, certain
assets of CMH were vested in to CMH Liquidating Trust, including
all causes of action previously held by CMH against its former
directors and officers.  After filing its bankruptcy petition, CMH
purchased a directors and officers liability insurance policy from
National Union.  The D&O Policy was effective from March 11, 2012
to March 11, 2013, and it provided three types of coverage: (i)
Type A coverage protected directors and officers from liability,
provided they were not indemnified by CMH; (ii) Type B coverage
protected CMH to the extent that it was duty-bound to reimburse or
indemnify the directors and officers; and (iii) Type C coverage
protected CMH in the event that it was sued directly for the
wrongful acts of its directors and officers.

The Trust filed suit against CMH's former directors and officers,
alleging that they had breached their fiduciary duties, causing CMH
to suffer more than $16 million in operating losses.  After being
provided notice, National Union denied coverage for the matter
pursuant to the "bankruptcy/insolvency/creditors" exclusion.  The
Trust then filed an adversary proceeding seeking declaratory relief
and breach-of-contract damages against National Union, claiming
that the exclusion is unenforceable as a matter of bankruptcy law.
National Union filed the present motion seeking to withdraw the
reference to the bankruptcy court.

Judge Goldsmith, in denying the motion to withdraw reference, held
that the adversary proceeding is essentially a state-law
breach-of-contract matter, for which National Union's anticipated
defense is the existence of the ipso facto clause, and the Trust's
defense to that defense is that bankruptcy law prohibits the
enforcement of those clauses.  The Court concludes that the Trust
cannot convert its state-law breach-of-contract claim into a core
matter simply because it may have a defense to a defense that is
premised on the application of the bankruptcy code.  Therefore, the
Court finds that the adversary proceeding is a non-core
proceeding.

The Court notes that the adversary proceeding is in its infancy.
Discovery has not been completed, and, in fact, may not have even
begun.  Furthermore, bankruptcy proceedings beyond, but
nevertheless related to, the adversary proceeding will be on-going,
yielding the likely possibility of judicial efficiency if all
matters remain before one judge.  Parties and witnesses will be
less inconvenienced, inconsistent rulings can be avoided, and
litigation costs reduced. And no prejudice has been identified or
substantiated if the proceeding remains before the bankruptcy court
for the pretrial litigation stage.

Accordingly, Court denies the Defendant's motion to withdraw the
reference without prejudice. Should the matter proceed toward
trial, the Court will entertain a renewed motion to withdraw at
that juncture.

The bankruptcy case is In re COMMUNITY MEMORIAL HOSPITAL, Debtor,
BANKRUPTCY CASE NO. 12-20666 (Bankr. E.D. Mich.).

A full-text copy of Judge Goldsmith's Opinion and Order dated June
22, 2015, is available at http://is.gd/XVTgFrfrom Leagle.com.

Harvey R. Heller, Esq. -- hheller@maddinhauser.com -- Julie C.
Mayer, Esq. -- JMayer@maddinhauser.com -- and Kathleen H. Klaus,
Esq. -- kklaus@maddinhauser.com -- of Maddin, Hauser serve as
counsel for Appellant National Union Fire Insurance Company of
Pittsburgh, PA.

Bryan R. Walters, Esq. -- brwalters@varnumlaw.com -- of Varnum,
Riddering serves as counsel for Appellee CMH Liquidating Trust.

                  About Community Memorial Hospital

Community Memorial Hospital, operator of the Cheboygan Memorial
Hospital, filed for Chapter 11 bankruptcy (Bankr. E.D. Mich. Case
No. 12-20666) on March 1, 2012.  Judge Daniel S. Opperman oversees
the case.

Paul W. Linehan, Esq., and Shawn M. Riley, Esq., at McDonald
Hopkins LLC, in Cleveland, Ohio; and Jayson Ruff, Esq., at McDonald
Hopkins LLC, in Bloomfield Hills, Michigan, represent the Debtor as
counsel.  The Debtor's financial advisor is Conway Mackenzie Inc.
The Debtor disclosed $23,085,273 in assets and $26,329,103 in
liabilities as of the bankruptcy filing.

Opened in 1942, the Debtor is an independent, not-for-profit
entity, organized exclusively for charitable, scientific and
educational purposes, and holds tax exempt status in accordance
with Section 501(c)(3) of the Internal Revenue Code.  The Cheboygan
Memorial Hospital is a 25-bed critical access hospital located in
Cheboygan, Cheboygan County, a community on the Lake Huron coast.
The Debtor has 395 employees.

McLaren Health Care Corporation proposed to acquire substantially
all of the Debtor's operating assets at its primary hospital
campus, for $5,000,000, plus (2) all amounts required for the
Debtor to cure and assume the assigned Assumed Contracts and
Leases.

Daniel M. McDermott, the U.S. Trustee for Region 9, appointed a
five-member official committee of unsecured creditors in the
Chapter 11 case of Community Memorial Hospital.

Michael S. McElwee, Esq., at Varnum LP, in Grand Rapids, Michigan,
represents the Unsecured Creditors' Committee as counsel.

The Creditors Committee won confirmation of its Corrected First
Amended Plan of Liquidation for the Debtor in August 2013.  A
liquidating trust is established to liquidate the Debtor's
remaining assets and distribute the proceeds to creditors.  A.
Darling Brooks has been designated as liquidating trustee.


CONSOLIDATED AEROSPACE: Moody's Assigns B2 Corporate Family Rating
------------------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating
(CFR) and a B3-PD Probability of Default Rating to Consolidated
Aerospace Manufacturing, LLC ("CAM"). Concurrently, Moody's
assigned B2 ratings to the company's proposed $25 million senior
secured revolving credit facility due 2020 and $240 million senior
secured term loan due 2022. Proceeds from the new bank credit
facilities will be used to refinance existing indebtedness. The
rating outlook is stable.

Assignments

Issuer: Consolidated Aerospace Manufacturing, LLC

Corporate Family Rating, assigned B2

Probability of Default Rating, assigned B3-PD

$25 million senior secured revolving credit facility due 2020,
assigned B2 (LGD3)

$240 million senior secured term loan due 2022, assigned B2
(LGD3)

Rating outlook: Stable

RATINGS RATIONALE

The B2 corporate family rating (CFR) reflects the company's small
scale, a high degree of customer concentration, and a limited
operating history. The rating recognizes CAM's small size relative
to both its competitors and customers, which we believe makes the
company particularly vulnerable to pricing pressure in a highly
competitive, cyclical industry. The company's limited operating
history involving a portfolio of manufacturing companies that were
acquired over a relatively short period of time also adds an
additional element of risk to the rating. These considerations are
tempered by relatively modest levels of financial leverage (Moody's
adjusted Debt-to-EBITDA of about 4.2x) and expectations of
low-to-mid single-digit earnings growth driven by favorable
commercial aerospace fundamentals. CAM's expanding manufacturing
capabilities and its growing product offering coupled with barriers
to entry such as lengthy qualifications processes also lend support
to the rating.

The stable outlook reflects Moody's expectation that favorable
commercial aerospace fundamentals such as record OEM backlog and
healthy airline profitability will support modest revenue and
earnings growth over the next 12 to 18 months.

Factors that could contribute to a ratings upgrade include
FCF-to-Debt consistently above 10%, EBITDA margins sustained in the
high 20% range, and Debt-to-EBITDA remaining below 4.0x.
Maintenance of a strong liquidity profile would be a prerequisite
for consideration of any upward rating action.

Negative rating pressure could be prompted by a declining earnings
and cash flow profile such that FCF-to-Debt remains below 5%,
EBITDA margins fall to less than 22.5%, and Debt-to-EBITDA rises
and is expected to remain above 5.0x, with a corresponding
weakening of the company's fundamental liquidity profile.

Consolidated Aerospace Manufacturing, LLC ("CAM") is a manufacturer
of aerospace fasteners, fittings, and other aerospace parts and
components. CAM serves commercial aerospace, defense and industrial
end-markets. The company was founded in 2012, is headquartered in
Brea, California and is a portfolio company of Tinicum L.P., an
investment partnership managed by Tinicum Incorporated. Pro forma
sales for the twelve months ending December 2015 are estimated to
approximate $230 million.


CONSOLIDATED AEROSPACE: S&P Assigns 'B+' CCR, Outlook Stable
------------------------------------------------------------
Standard & Poor's Ratings Services has assigned its 'B+' corporate
credit rating on Consolidated Aerospace Manufacturing LLC (CAM).
The outlook is stable.

At the same time, S&P assigned its 'BB-'issue-level rating and '2'
recovery rating on the company's proposed senior secured credit
facility, which is composed of a $240 million term loan and a $25
million revolver.  The '2' recovery rating indicates S&P's
expectation for substantial recovery (70%-90%; lower half of the
range) in a payment default scenario.

"Our rating on CAM reflects the company's relatively high debt
levels following the several acquisitions it has undertaken since
it was formed in December 2012 as a portfolio company of
private-equity firm Tinicum Inc.," said Standard & Poor's credit
analyst Chris Mooney.  CAM plans to issue $240 million of new debt
to take advantage of lower interest rates and repay its $240
million of existing debt, which will not have a material impact on
the company's credit profile as its debt-to-EBITDA metric will
remain slightly above 4x on a pro-forma basis (including a full
year's worth of earnings from its recent acquisitions).  While S&P
believes that CAM's leverage will fluctuate depending on the timing
and size of its future acquisitions, S&P do not anticipate that the
company's debt-to-EBITDA metric will increase above 5x given
Tinicum's long-term investment strategy, its willingness to
contribute equity for future acquisitions (which it has done in the
past), and CAM's solid free cash flow generation, which S&P expects
will be applied to a combination of debt reduction and bolt-on
acquisitions.

The stable outlook reflects S&P's belief that CAM's credit metrics
will improve over the next year from a combination of organic
earnings growth and some debt reduction, with a debt-to-EBITDA
metric of between 3.5x and 4.0x in 2016.

S&P could lower its rating on CAM if the company's debt-to-EBITDA
metric rises above 5x for a sustained period, which would most
likely occur if the firm's owners adopt a more aggressive financial
policy than S&P expects by increasing debt to fund an acquisition
or dividend.  S&P could also lower the rating if CAM is unable to
sustain its high profit margins because of integration problems, or
if its market share deteriorates significantly.

S&P is unlikely to raise the rating over the next year due to the
company's ownership by a private-equity firm combined with the
small scale of its operations.  However, S&P could raise its rating
on CAM if the company commits to maintaining its debt-to-EBITDA
metric below 3.5x regardless of any future acquisitions or
dividends.


CONSTELLATION BRANDS: Fitch Affirms 'BB+' IDR, Outlook Stable
-------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Rating (IDR) for
Constellation Brands Inc. and for CIH International S.a.r.l. at
'BB+'.  Fitch has also withdrawn all ratings assigned to
Constellation's previous credit facility and term loans and
assigned new ratings to Constellation's amended $4.1 billion credit
facility including the revolving facility, U.S. term loan A and
European term loan A.  The Rating Outlook is Stable.

Constellation has amended its credit facilities to increase the
size of the revolver by $300 million to $1.15 billion and US Term
Loan A by $200 million to $1.27 billion replacing the current US
Term A and U.S. Term A-2.  In addition, the company will be
consolidating their European Term A and Term B into a new $1.43
billion European Term A.  The amendment will also extend the
maturities of the term loans to 2020 for the revolver, US Term A
and European Term A, and 2021 for the US Term A-1.  The amended
agreement has substantially similar negative covenants with certain
modifications including an increase in the dividend restricted
payment carveout to $100 million per quarter.

KEY RATING DRIVERS

Hispanics, Premiumization Driving Growth

Fitch Ratings believes Constellation is well positioned to capture
long-term growth due to its strong appeal to the Hispanic consumer
coupled with the ongoing trend toward premiumization in the beer
industry driven by Mexican imports and craft beer.  Other growth
factors include the expected sizeable increase in Hispanic
consumers reaching the legal drinking age, growth in distribution,
and expansion of drinking occasions due to increased draft and can
consumption.

The $4.75 billion Modelo acquisition (an additional true-up payment
of $543 million was made at the beginning of fiscal 2015) that
closed in fiscal 2014, materially increased Constellation's
diversity, scale and exposure to above-average market growth rates
in the beer segment.  For fiscal 2015, Constellation generated 60%
of segment operating income from the beer business compared to
approximately 40% in fiscal 2013, and grew beer depletion volumes
by 8.3% which significantly outperformed the U.S. beer industry.

Comparatively, the overall U.S. beer industry increased in the low
single digits for 2014 after generally experiencing low
single-digit declines during the past several years due to share
loss as the millennial generation shifted preferences into wine and
spirits along with a recessionary macroeconomic environment.  As
premiumization continues to affect the beer market, consumers are
trading up for high-quality, flavorful products in above-premium,
super-premium categories including hard cider and flavored malt
beverages, craft and import offerings.  While several imported beer
segments are experiencing declines, Mexican imports continue to
grow and have been the primary imports growth driver during the
past several years.  Thus, Fitch expects Constellation will
generate increased cash flows driven by the above strong underlying
fundamentals, further leverage of new product development
innovation, and the potential for increased cost of goods sold
efficiencies as the company brings expansion capacity on-line.
Fitch's forecast assumes gross margin expansion of 40 basis points
in fiscal 2016 and another 70 basis points in fiscal 2017

Leading Market Positions

Constellation's ratings consider the company's leading market
positions and well-known liquor portfolio.  According to the
company, Constellation is the third-largest U.S. beer company with
50% volume share in the import segment due to its Mexican beer
portfolio that contains five of the top 15 U.S. imported beers.
Constellation is also one of the world's largest wine producers, is
focused on growing premium brands, and is the producer of one of
the fastest-growing premium brand vodkas, Svedka.

Constellation will need to continue to focus on improving wine
growth as the company's performance declined in fiscal 2015.  The
wine portfolio lagged the overall U.S. category causing wine dollar
market share to erode slightly, driven by competition in the
super-premium price segment.  Fitch's forecast assumes modest
growth in wine revenue for fiscal 2016 after a 1.2% decline in
fiscal 2015.  The luxury/ super luxury wine segments have witnessed
strong volume and dollar sales growth since 2010 as consumers
continue to trade up to wine priced $20 and above.

Constellation's $315 million acquisition of luxury wine brand Meomi
highlights the company's focus on improving the price mix in the
wine portfolio.  According to the company, Meomi is the No. 1
luxury/super luxury Pinot Noir, generating revenue of $65 million
during 2014 by selling over 600,000 cases.  The acquisition will be
funded by a mix of cash on hand and incremental term borrowings
under the amended credit agreement.

CFO Growing, FCF Weak

Fitch expects Constellation to generate increased cash flow from
operations (CFO) driven by strong underlying fundamentals, further
leverage of new product innovation, and increased efficiencies as
expansion capacity comes online.  Free cash flow (FCF) is pressured
in fiscal 2016 due to peak capital spending and new dividend,
before rebounding in fiscal 2017.

The company expects capital expenditures for FY2016 will be in the
range of $1.05 billion to $1.15 billion, with capital expenditures
related to the Nava brewery expansion in the range of $950 million
to $1.05 billion.  Fitch believes that FCF margins will remain in
the low single digits in FY2017, before improving to mid-single
digits in FY2018 as capital expenditures related to the expansion
project begin to taper off.

Leverage High, Improvement Expected

While total debt levels increased in fiscal 2015 due to sizeable
new capital investment initiatives and the glass-plant acquisition,
leverage still improved modestly.  The substantial investments
reflect stronger underlying growth in revenue, profitability and
cash flows than previously anticipated.  Leverage (total
debt/EBITDA) was 4.1x at year-end fiscal 2015, which is modestly
high for the ratings.  However, Constellation is on track to
further reduce leverage through EBITDA growth to the upper 3x range
during fiscal 2016.

KEY ASSUMPTIONS

Additional key assumptions within Fitch's fiscal 2016 rating case
for the issuer include:

   -- Consolidated revenue growth of 6.5% supported by shipment
      volume growth in the beer segment of approximately 8.5%;

   -- Gross margin improving 40 basis points to 44.2% in fiscal
      2016 and another 70 basis points in fiscal 2017;

   -- Operating income margin improvement for the beer segment of
      approximately 100 basis points to 33%; slight decline in
      operating income margin in the wine and spirits segment to
      the high 23% range;

   -- Operating cash flow of $1.15 billion;

   -- FCF deficit of approximately $200 million with FCF improving

      in fiscal 2017 to approximately $140 million for an FCF
      margin of approximately 2%;

   -- Total debt to EBITDA leverage of 3.8x - 3.9x by the end of
      FY2016 with the potential for further improvement to the
      mid-3x range in FY2017 depending on capital allocation
      decisions.

RATING SENSITIVITIES

While a ratings upgrade is not anticipated over the next 12 months,
future developments that may, individually or collectively, lead to
a positive rating action include:

   -- Leverage such that total debt-to-operating EBITDA is under
      3.5x or FFO adjusted leverage is under 4.5x on a sustained
      basis;

   -- Stable volume trends for their primary brands;

   -- Maintain EBIT margin in the mid-20% range and EBITDAR margin

      of at least 30%;

   -- Demonstrated ability to improve and sustain FCF margin above

      3.5%.

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

   -- Deterioration in volume trends leading to market share
      losses;

   -- Significant and ongoing deterioration in profitability due
      to competitive activity;

   -- Increased leverage such that total debt-to-operating EBITDA
      moves above the low 4x range or FFO adjusted leverage that
      moves above the low 5x range on a sustained basis.

LIQUIDITY

FCF (defined as cash from operations less capital spending less
dividends) for the 12-month (LTM) period ending Feb. 28, 2015 was
$362 million which was above Fitch's expectations of approximately
$300 million.  Fitch's FCF expectations in FY2016 are for a deficit
of approximately $200 million due to the peak in brewery investment
for the Nava brewery and the initiation of a dividend ($240 million
in fiscal 2016).  In FY2017, Fitch expects FCF of at least $140
million as expansion capital spending ramps down.

The company had a cash position of $110 million as of Feb. 28,
2015.  Under the amended credit agreement, Constellation will have
full availability under its $1.15 billion senior secured revolving
credit facility that matures in 2020.  Constellation also has two
accounts receivable securitization facilities that provide
additional borrowing capacity from $190 million up to $290 million
and from $100 million up to $160 million structured to account for
the seasonality of the company's business.  Availability on the
facilities was $275 million and $100 million, respectively, as of
Feb. 28, 2015.

Upcoming debt maturities in fiscal 2017 include $700 million of
7.25% notes.  Annual amortization requirements for the new term
loans over the next three fiscal years is approximately $117
million in FY2016, $138 million in FY2017 and $138 million in
FY2018.

Constellation's profitability metrics are strong and relatively
consistent, reflective of an investment grade profile.  Metrics
include FFO margin, EBIT, EBITDAR, FCF margin and profit
volatility, although FCF is under substantial pressure in fiscal
2016 before rebounding in fiscal 2017.  Constellation estimates
operating margins within the beer segment will increase to the
mid-30% range from 31.9% for fiscal 2015 as production is
consolidated to the more efficient Nava brewery beginning at the
end of 2015 and continuing through mid-2016.  Fitch believes this
margin expansion opportunity is reasonable although timing could
vary depending on execution.  Constellation will leverage natural
freight cost opportunities and the decrease in sourcing from
non-owned breweries to better enable the operating leverage
inherent within its fixed-cost structure.

FULL LIST OF RATING ACTIONS

The following ratings were affirmed:

Constellation Brands, Inc.
   -- Long-term IDR at 'BB+';
   -- Senior unsecured notes at 'BB+/RR4'.

CIH International S.a.r.l.
   -- Long-term IDR at 'BB+'.

These ratings were assigned:

Constellation
   -- $1,150 million senior secured revolver at 'BBB-/RR2';
   -- $1,271.6 million senior secured term loan A at 'BBB-/RR2';
   -- $241.9 million senior secured term loan A-1 at 'BBB-/RR2'.

CIH International S.a.r.l
   -- $1,430.1 million European term loan A at BBB-/RR1.

These ratings were withdrawn:

Constellation
   -- $850 million senior secured revolver facility to 'BBB-/RR2';
   -- $477 million senior secured term loan A to 'BBB-/RR2';
   -- $243 million senior secured term loan A-1 to 'BBB-/RR2';
   -- $624 million senior secured term loan A-2 to 'BBB-/RR2'.

CIH International S.a.r.l.
   -- $463 million European senior secured term loan A at
      'BBB-/RR1';
   -- $985.1 million European senior secured term loan B at
      'BBB-/RR1'.


CURTIS JAMES JACKSON: Ordered to Pay $5M Prior to Bankruptcy
------------------------------------------------------------
Ben Westhoff at Theguardian.com reports that before rapper 50 Cent,
whose real name is Curtis James Jackson III, filed for Chapter 11
bankruptcy, he was ordered by a Manhattan jury to pay $5 million to
Lastonia Leviston, a woman whose sex tape he leaked.

According to Theguardian.com, Ms. Leviston is the mother of one of
rapper Rick Ross' children.  

As reported by the Troubled Company Reporter on July 15, 2015, Katy
Stech, writing for The Wall Street Journal, reported that Mr.
Jackson filed for bankruptcy protection on July 13, 2015,halting a
dispute over a sex tape.  According to the Journal, Mr. Jackson
filed for bankruptcy protection in the U.S. Bankruptcy Court in
Hartford, Conn., on the same day he was supposed to appear in a New
York state court to determine whether he owes punitive damages in a
2010 lawsuit filed by Ms. Leviston.

Mr. Jackson said court documents that his assets and liabilities
are between $10 million and $50 million each.  

Theguardian.com relates that Mr. Jackson's boxing promotions
company SMS went bankrupt in May 2015.


DEMOLITION INTERIOR: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Demolition Interior Specialists, Inc.
        1625 Locust Street
        Kansas City, MO 64108

Case No.: 15-42029

Chapter 11 Petition Date: July 16, 2015

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

Judge: Hon. Dennis R. Dow

Debtor's Counsel: Jeffrey A. Deines, Esq.
                  LENTZ CLARK DEINES PA
                  9260 Glenwood
                  Overland Park, KS 66212
                  Tel: 913-648-0600
                  Fax: 913-648-0664
                  Email: jdeines@lcdlaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mike Huxel, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mowb15-42029.pdf


DJSP ENTERPRISES: Issues 275,000 Restricted Shares
--------------------------------------------------
DJSP Enterprises, Inc. issued 275,000 ordinary shares as restricted
shares, as previously approved by the Compensation Committee on
June 26, the Company disclosed in a Form 8-K document filed with
the Securities and Exchange Commission.  The Restricted Shares were
issued pursuant to a restricted share agreement under the Company's
2009 Equity Incentive Plan to Stephen J. Bernstein, an officer and
members of the Board of Directors of the Company, by means of a
private placement.

                      About DJSP Enterprises

Based in Plantation, Florida, DJSP Enterprises, Inc. (Nasdaq:
DJSP, DJSPW, DJSPU) provides a wide range of processing services
in connection with mortgages, mortgage defaults, title searches
and abstracts, REO (bank-owned) properties, loan modifications,
title insurance, loss mitigation, bankruptcy, related litigation
and other services.  Its principal customer is The Law Offices of
David J. Stern, P.A.  It has additional operations in Louisville,
Kentucky and San Juan, Puerto Rico.  Its U.S. operations are
supported by a scalable, low-cost back office operation in Manila,
the Philippines, that provides data entry and document preparation
support for its U.S. operations.

As reported in the Jan. 20, 2011, edition of the TCR, DAL Group,
LLC, a subsidiary of DJSP Enterprises, has obtained waivers on
notes held by these parties for payments due through April 1,
2011:

                                         Amount of Note
                                         --------------
    Law Offices of David J. Stern, P.A.     $47,869,000
    Chardan Capital, LLC,                    $1,000,000
    Chardan Capital Markets, LLC               $250,000
    Kerry S. Propper                         $1,500,000

The waivers were sought by DAL as it develops and implements plans
to restructure its ongoing operations to reflect its significantly
reduced revenues and operations and the other changes.

DAL did not make the interest payments due Jan. 3, 2011, for (i)
unsecured term notes in the aggregate principal amount of
$1,600,000 (ii) and a $500,000 term note issued by Cornix
Management, LLC.  DAL is seeking waivers from the holders of the
unsecured notes and Cornix of principal and interest payments
otherwise due under these notes, and the default interest rates
under these notes, through April 1, 2011.

DAL has entered into a forbearance agreement with BA Note
Acquisition, LLC, pursuant to which BNA has agreed to forbear from
taking action on a $5.5-million line of credit until March 9,
2011.


DOUGLAS HIMMELFARB: Artwork Clawback Suit Partially Junked
----------------------------------------------------------
Judge Robert J. Faris of the United States Bankruptcy Court for
District of Hawaii granted in part and denied in part First
International Diamond, Inc., et al.'s motion for summary judgment
in the adversary proceeding seeking to recover the artworks Debtor
Douglas Himmelfarb transferred to the defendants in exchange for
money.

The bankruptcy case is In re DOUGLAS HIMMELFARB, Chapter 11,
Debtor, Case No. 13-00229 (Bankr. D. Hawaii).

The adversary proceeding is DOUGLAS HIMMELFARB, Plaintiff, v. FIRST
INTERNATIONAL DIAMOND, INC. and OVED ANTER, Defendant, ADV. PRO.
NO. 13-90027, (D. Hawaii).

A full-text copy of Judge Faris' Memorandum of Decision dated June
22, 2015, is available at http://is.gd/jbrQBdfrom Leagle.com.


EARL GAUDIO: Seeks Sale of UPS Franchise for $100K
--------------------------------------------------
Earl Gaudio & Son, Inc., through First Midwest Bank as custodian,
asks the U.S. Bankruptcy Court for the Central District of Illinois
for authority to sell assets that relate to its operation of two
UPS Stores: (a) Store 6236, located in Danville, Illinois; and (b)
Store 4323, located in Champaign, Illinois.

The Debtor has identified two potential buyers for its assets:
Raffles Ventures, LLC, has offered $100,000 for Store 4323, and RPA
Management, Inc., has offered $90,000 for both stores.

The proposed transaction and sale to the Purchaser or Alternate
Purchaser would include a conveyance of the following assets: (a)
Certain contracts and customer accounts of the Debtor related to
its operation of the relevant UPS Store(s), including the Debtor's
Franchise Agreement with TUPSS for the relevant store; (b) Certain
inventory of the Debtor related to its operation of the relevant
Store; (c) Certain equipment of the Debtor related to its operation
of the relevant Store; (d) All intellectual property rights and
permits, and licenses of the Debtor related to its operation of the
relevant Store; and (e) Real estate leases for the relevant Stores.


Victoria E. Powers, Esq. At Ice Miller, LLP in Columbus, Ohio,
tells the Court that the Debtor believes that a sale of the assets
represents the best opportunity for the Debtor to maximize value
for its creditors.  She further tells the Court that in light of
the nature of the assets and the marketing that has been done, the
offer from Raffles Ventures is the highest and best offer that is
available for the assets.  The Debtor recognizes, however, that
additional offers may be forthcoming, particularly in light of the
fact that the largest offer received to date is for only Store
4323.  Ms. Powers says the Debtor remains open to other bids from
entities that have been approved by TUPSS or which have sought
approval by TUPSS.

In the event that Raffles Ventures' offer remains the highest and
best offer, the Debtor may determine to close Store 6236 and reject
the relevant Franchise Agreement, real estate lease, and other
related executory contracts and unexpired leases.  The Debtor will
not assume the Franchise Agreement, real estate lease, or any other
executory contracts or unexpired leases related to Store 6236
unless a higher bid that includes that store is received.

Adrienne D. Atkins, Clerk of the U.S. Bankruptcy Court for the
Central District of Illinois, issued a Deficiency Notice, stating
that on June 19, 2015, the Motion to Sell Free and Clear of Liens
was found to be deficient and that any order entered will not
provide that the sale is free and clear of liens because no
particular liens were identified in the Motion as required by
Section 363(f).

Ms. Powers tells the Court that she believes that the only entity
that may claim interest in the personal property being sold is
Regions Bank, which may claim a security interest in the personal
property to be included in the sale.  She further tells the Court
that the Debtor requests that the sale be free and clear of Regions
Bank's lien, which will transfer to the proceeds of the sale.

According to Ms. Power, RPA Management, Inc., had increased its
offer to $110,000 for both UPS Stores, and as a result of this
higher and better offer, the Debtor, through its counsel, will
conduct a telephonic auction.

Earl Gaudio & Son, Inc. is represented by:

          Victoria E. Powers, Esq.
          ICE MILLER, LLP
          250 West Street
          Columbus, OH 43215
          Telephone: (614)462-5010
          Facsimile: (614)222-3478
          Email: victoria.powers@icemiller.com

                     About Earl Gaudio

Earl Gaudio & Son, Inc., filed a Chapter 11 petition (Bankr. C.D.
Ill. Case No. 13-90942) on July 19, 2013.  The petition was signed
by Angela E. Major Hart, as authorized signer of First Midwest
Bank, custodian.  Judge Gerald D. Fines presides over the case.
The Debtor disclosed $11,849,187 in assets and $8,489,291 in
liabilities as of the Chapter 11 filing.  John David Burke, Esq.,
and Ben T. Caughey, Esq., at Ice Miller, LLP, serve as the Debtor's
counsel.



The U.S. Trustee appointed five creditors to serve in the Official
Committee of Unsecured Creditors.  The Committee retained Evans,
Forehlich, Beth & Chamley as its local counsel, and Rubin & Levin,
P.C., as its counsel.


ECOSPHERE TECHNOLOGIES: Obtains $250,000 Loan From Brisben Water
----------------------------------------------------------------
Ecosphere Technologies, Inc., and Brisben Water Solutions, LLC
entered into a loan arrangement pursuant to which the Lender loaned
the Company $250,000 in exchange for (i) a 10% secured convertible
promissory note due Sept. 12, 2015, convertible at $0.115 per
share, (ii) a warrant to purchase 4,347,826 shares of the Company's
common stock exercisable at $0.115 per share, and (iii) 2.5% of the
limited liability company interests held by the Company in
Ecosphere Mining, LLC, a Delaware limited liability company and the
Company's subsidiary.  

The Note is secured by a first lien on 25% of the limited liability
company interests held by the Company in Ecosphere Mining, LLC.  In
addition, the Note is secured by collateral the Lender previously
had on other notes evidencing prior loans totaling $1,750,000,
consisting of the Company's Ecos PowerCube unit, the Company's Ecos
GrowCubeO unit, the Company's patent on the Ecos PowerCube unit,
the Company's patent pertaining to the Company's technology related
to treating the waters of Lake Okeechobee, a patent pending on the
Company's Ecos GrowCubeO unit, and the right to proceeds from any
sale of the Company's interest in Fidelity National Environmental
Solutions, LLC.  In the event of any sale of the Collateral upon a
default under the Note or any of the Company's prior notes held by
the Lender, which are also secured by the Collateral, the Company
would be entitled to any proceeds remaining after satisfaction of
any amounts outstanding under the Note, the prior notes held by the
Lender, and related costs.

                    About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering,         
technology licensing and environmental services company that
designs, develops and manufactures wastewater treatment solutions
for industrial markets.  Ecosphere, through its majority-owned
subsidiary Ecosphere Energy Services, LLC, provides energy
exploration companies with an onsite, chemical free method to kill
bacteria and reduce scaling during fracturing and flowback
operations.

Ecosphere reported a net loss of $11.5 million on $1.11 million of
total revenues for the year ended Dec. 31, 2014, compared with net
income of $19.2 million on $6.71 million of total revenues for the
year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $15.05 million in total
assets, $3.82 million in total liabilities, $3.8 million in total
redeemable convertible cumulative preferred stock, and $7.42
million in total equity.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company reported a
net loss of $11.5 million in 2014, and cash used in operating
activities of $4.55 million and $10.3 million in 2014 and 2013,
respectively.  At Dec. 31, 2014, the Company had a working capital
deficiency, and accumulated deficit of $2.86 million, and $109
million, respectively.  These matters raise substantial doubt about
the Company's ability to continue as a going concern.


EDGEN GROUP: S&P Lowers Corp. Credit Rating to 'B+', Outlook Neg.
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Baton Rouge, La.-based Edgen Group Inc. to 'B+'
from 'BB-'.  The outlook is negative.

S&P also lowered the issue-level rating on the company's 8.75%
senior secured notes to 'B+' from 'BB-'.  The recovery rating
remains a '3', indicating S&P's expectation for meaningful (50% to
70%; at the higher end of the range) recovery for lenders in the
event of a payment default.

"The downgrade reflects our expectation that Edgen Group will
maintain credit measures that are consistent with that of a 'highly
leveraged' financial risk profile, as defined by our criteria, with
debt to EBITDA being sustained well above 5x for at least the next
12 months," said Standard & Poor's credit analyst Michael Maggi.
"While the OCTG market may improve in 2016 based on higher oil
prices, we expect weakness for the rest of 2015, which will
continue to pressure Edgen and its respective end markets.
Specifically, we expect Edgen's debt to EBITDA to remain at current
levels slightly above 10x, with the potential for its leverage to
decline under 10x in fiscal 2016.  As such, we revised the
company's financial risk profile to highly leveraged from
'aggressive.'"

The negative outlook reflects S&P's view that credit measures will
continue to be consistent with a highly leveraged financial risk
profile for the next 12 months because we expect Edgen Group's
operating performance to remain under pressure due to lower oil
prices and rig counts, as well as lower sales, in the company's
Energy & Infrastructure (E&I) and OCTG segments.  Although S&P
expects the E&I segment to be somewhat stable for the rest of
fiscal year 2015, S&P expects the energy markets will be weak for
the remainder of 2015.  S&P expects debt to EBITDA of slightly more
than 10x for the year ending March 31, 2016, but falling below that
level the following year.

S&P could lower the ratings further if it did not see signs of
improvement in the OCTG segment or if results were to worsen in the
company's E&I segment.  Specifically, S&P could lower the rating if
funds from operations (FFO) to debt were to become negative and/or
debt to EBITDA were to climb above 12x.  S&P could also lower the
ratings if working capital usage or an acquisition were to deplete
liquidity and it were not replaced by an influx of cash or
continued access to a line of credit from Sumitomo.

S&P views an upgrade over the next 12 months as unlikely given
current credit measures and forecasts.  However, S&P could revise
the outlook to stable if it began to sees volumes and pricing
improve in Edgen's end markets or if the company significantly
reduced debt such that adjusted leverage falls to and is expected
to be sustained below 8x.



ELITE PHARMACEUTICALS: Nasrat Hakim Reports 20.7% Stake
-------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Nasrat Hakim disclosed that as of April 23, 2015, he
beneficially owned 166,146,464 shares of common stock of Elite
Pharmaceuticals, Inc., which represents 20.7 percent (based upon
was 658,419,047 shares of Common Stock outstanding as of June 8,
2015, as reported in Form 10-K for fiscal year ended March 31,
2015).  A copy of the regulatory filing is available at:

                        http://is.gd/jRP6eL

                    About Elite Pharmaceuticals

Northvale, New Jersey-based Elite Pharmaceuticals, Inc., is a
specialty pharmaceutical company principally engaged in the
development and manufacture of oral, controlled-release products,
using proprietary technology and the development and manufacture
of generic pharmaceuticals.  The Company has one product,
Phentermine 37.5mg tablets, currently being sold commercially.

Elite Pharmaceuticals, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income
attributable to common shareholders of $28.9 million on $5 million
of total revenues for the year ended March 31, 2015, compared to a
net loss attributable to common shareholders of $96.5 million on
$4.6 million of total revenues for the year ended March 31, 2014.

As of March 31, 2015, the Company had $25.9 million in total
assets, $60.6 million in total liabilities and a $34.7 million
total stockholders' deficit.


EXELIXIS INC: Names Christopher Senner as Chief Financial Officer
-----------------------------------------------------------------
Exelixis, Inc. appointed Christopher J. Senner, 48, as its
executive vice president and chief financial officer, according to
a Form 8-K document filed with the Securities and Exchange
Commission.

Concurrent with Mr. Senner's appointment, Exelixis and Deborah
Burke, senior vice president and current chief financial officer,
mutually agreed that Ms. Burke would cease to be the Company's
chief financial officer.  Ms. Burke will continue to serve as
Exelixis' senior vice president, finance and controller.

Prior to joining Exelixis, Mr. Senner served as vice president,
corporate finance for Gilead Sciences, Inc., a biopharmaceutical
company, from March 2010 to July 2015, where he was accountable for
controllership and operational financial planning and analysis,
including research and development, manufacturing, commercial
operations, and tax and treasury planning.  Mr. Senner previously
spent 18 years at Wyeth in a variety of financial roles with
increasing responsibility, most notably as chief financial officer
of Wyeth's U.S. pharmaceuticals business and the BioPharma Business
Unit.  Mr. Senner is a Certified Public Accountant and holds a
Bachelor of Science in Finance from Bentley College.

Mr. Senner's annual base salary is $500,000 and his target bonus is
45% of his annual base salary, each of which will be prorated for
2015.  Mr. Senner also received (i) a time-based stock option award
in the amount of 350,000 shares, with an exercise price of $3.66
per share, the fair market value of Exelixis' common stock on the
date of grant, determined by the Compensation Committee to be July
15, 2015, the date he commenced employment with the company, which
option will vest as to 1/4th of the original number of shares
subject to the option on the one-year anniversary of the Grant Date
and thereafter as to 1/48th of the original number of shares
subject to the option on each monthly anniversary of the Grant Date
and (ii) a restricted stock unit award in the amount of 100,000
shares, which will vest in full on the one-year anniversary of the
Grant Date.

Mr. Senner is eligible to receive equity awards under Exelixis'
equity incentive plans and is a participant in Exelixis' Change in
Control and Severance Benefit Plan.

                        About Exelixis Inc.

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

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

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


FAMILY DOLLAR: S&P Lowers CCR to 'BB' Then Withdraws Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services lowered the corporate credit
rating on Family Dollar Stores Inc. to 'BB' with a stable outlook
before withdrawing the rating after the closing of the acquisition
by Dollar Tree Inc.

Concurrently, S&P lowered the issue-level rating on Family Dollar's
$300 million notes to 'BB+'.  In addition, S&P assigned a '2'
recovery rating on the $300 million notes, indicating its
expectation for substantial (70%-90%, in the upper half of the
range) recovery in the event of a payment default.  These notes are
now secured equally and ratably with Dollar Tree's new senior
secured credit facility, which is in place to help fund the Family
Dollar acquisition.

The rating action reflects Family Dollar becoming a wholly owned
subsidiary of Dollar Tree, and Standard & Poor's expectation that
Dollar Tree will improve the profitability of the acquired Family
Dollar store base through enhanced private-label merchandise and
more imported goods.

"Though we expect the acquisition to lower EBITDA margins initially
given Family Dollar's less-productive store base, we believe that
over the next three to five years Dollar Tree will reduce debt and
potentially return to an investment-grade credit profile," said
Standard & Poor's credit analyst Diya Iyer.  "We also expect the
two banners will continue to serve different customer segments."

In connection with the acquisition, Dollar Tree plans to divest 330
Family Dollar stores to private equity firm Sycamore Partners.
Earlier in the year, Dollar Tree also refinanced and repriced part
of its senior secured debt, which Standard & Poor's anticipates
will improve interest coverage about one turn ahead of its
expectations for this year to almost 5.0x.  S&P also continues to
expect pro forma leverage in the high 4.0x range for Dollar Tree by
fiscal year end.


FINJAN HOLDINGS: Blue Coat Case Trial Set to Begin July 20
----------------------------------------------------------
Finjan Holdings, Inc., provided a litigation update in its case
against Blue Coat Systems, Inc. (CAND-13-cv-03999-BLF).  Pre-trial
conference was completed July 2, 2015, and the case will proceed to
trial, as planned July 20, 2015, with all six patents against
accused infringing Blue Coat products and services.  The trial is
expected to last for two weeks.

A Pre-trial Conference was held before the Honorable Beth
Labson-Freeman on July 2, 2015.  Pre-trial motions, specifically,
motions in limine, which request the Court to exclude certain
evidence at trial, were heard on July 2, 2015.  

On July 6, 2015, the Court heard the parties' motions to exclude
certain expert testimony, a specialized motion in limine also known
as Daubert Motions.  Generally, Daubert motions request courts to
exclude testimony of a purported expert on the grounds that the
witness either does not possess the requisite level of expertise,
or used unreliable data, methods, or principles in arriving at
their opinion.  

On July 8, 2015, Judge Freeman's Order on the parties' Motions In
Limine and Pretrial Orders was entered (Docket No. 367).  The Order
on the parties' Daubert Motions is pending with the Court and might
not be entered until after the trial begins.  There are no
remaining motions to be heard outside of the trial.

Finjan has filed patent infringement lawsuits against FireEye,
Proofpoint, Sophos, Symantec, and Palo Alto Networks relating to,
collectively, more than 20 patents in the Finjan portfolio.  The
court dockets for the foregoing cases are publicly available on the
Public Access to Court Electronic Records (PACER) Web site,
http://www.pacer.gov/, which is operated by the Administrative
Office of the U.S. Courts.

                            About Finjan

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

Finjan reported a net loss of $10.47 million in 2014 following a
net loss of $6.07 million in 2013.

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


FINJAN HOLDINGS: Succeeds in Invalidating FireEye's Patent Claims
-----------------------------------------------------------------
Finjan Holdings, Inc., announced that the Patent Trial and Appeals
Board at the US Patent and Trademark Office granted Finjan's
petitions for Inter Partes Review of two FireEye patents and
subsequently determined that a majority of claims in US Patent Nos.
8,171,533 and 8,291,499, are invalid.  Notification of the final
decision on both IPR's was received July 10, 2015.  

"Finjan challenged the validity of FireEye's '533 and '499 patents
because we believed FireEye was not the first to invent the claimed
technologies," stated Phil Hartstein, president and CEO of Finjan
Holdings, Inc.  "The PTAB's determinations confirmed this belief."

Final Decisions:

Case number PTAB-IPR2014-00344, filed Jan. 14, 2014.  With respect
to FireEye's U.S. Patent No. 8,291,499 (Aziz, Final decision in
Docket 39 dated July 10, 2015), Claims 1-4, 6-8, 19, 20, 22-25,
27-29, representing 16 of 30 claims in the patent, were cancelled.

Case number PTAB-IPR2014-00492, filed March 7, 2014.  With respect
to FireEye's Patent No. 8,171,553 (Aziz, Final decision in Docket
29 dated July 10, 2015), Claims 1, 3-7, 12-14, 16, 18, 20, 22-30,
representing 20 of 30 claims in the patent, were cancelled.

Finjan has filed patent infringement lawsuits against FireEye, Blue
Coat, Proofpoint, Sophos, Symantec, and Palo Alto Networks relating
to, collectively, more than 20 patents in the Finjan portfolio.
The court dockets for the foregoing cases are publicly available on
the Public Access to Court Electronic Records (PACER) Web site,
www.pacer.gov, which is operated by the Administrative Office of
the U.S. Courts.

                            About Finjan

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

Finjan reported a net loss of $10.47 million in 2014 following a
net loss of $6.07 million in 2013.

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


FIRST DATA: Signs Joinder Agreement to 2007 Credit Agreement
------------------------------------------------------------
First Data Corporation disclosed with the Securities and Exchange
Commission that it entered into a 2015 June Joinder Agreement
relating to its credit agreement, dated as of Sept. 24, 2007, as
amended, among the Company, the lenders and Credit Suisse AG,
Cayman Islands Branch, as administrative agent.

Pursuant to the Joinder Agreement, the Company incurred an
aggregate principal amount of (i) $725 million in new dollar
denominated term loans and (ii) EUR250 million in new euro
denominated term loans, in each case with an ultimate maturity date
of July 10, 2022.  

The interest rate applicable to the New 2022 Term Loans is a rate
equal to, at the Company's option, either (a) LIBOR plus 375 basis
points or (b) solely with respect to New 2022 Term Loans
denominated in dollars, a base rate plus 275 basis points.  The
Company intends to use the net cash proceeds from the incurrence of
the New 2022 Term Loans to repay, refinance or redeem in part
certain of the Company's outstanding senior secured first lien
notes and to pay certain fees and expenses.

A copy of the Joinder Agreement is available at:

                       http://is.gd/PTrUfT

                         About First Data

Based in Atlanta, Georgia, First Data Corporation provides
commerce and payment solutions for financial institutions,
merchants, and other organizations worldwide.

First Data reported a net loss attributable to the Corporation of
$458 million on $11.2 billion of total revenues for the year ended
Dec. 31, 2014, compared with a net loss attributable to the
Corporation of $869 million on $10.8 billion of total revenues
during the prior year.

As of March 31, 2015, the Company had $34.13 billion in total
assets, $31.7 billion in total liabilities, $78 million in
redeemable noncontrolling interest, and $2.35 billion in total
equity.

                           *     *     *

The Company carries a 'B3' corporate family rating, with a
stable outlook, from Moody's Investors Service, a 'B' corporate
credit rating, with stable outlook, from Standard & Poor's, and
a 'B' long-term issuer default rating from Fitch Ratings.


FJK PROPERTIES: Taps Furr and Cohen as Attorney
-----------------------------------------------
FJK Properties Inc. asks for authorization from the U.S. Bankruptcy
Court for the Southern District of Florida to employ Robert C. Furr
and the law firm Furr and Cohen, P.A. as attorney, nunc pro tunc to
June 25, 2015.

The Debtor requires Furr and Cohen to:

   (a) give advice to the Debtor with respect to its powers and
       duties as a debtor-in-possession and the continued
       management of its business operations;

   (b) advise the Debtor with respect to its responsibilities in
       complying with the U.S. Trustee's Operating Guidelines and
       Reporting Requirements and with the rules of the court;

   (c) prepare motions, pleadings, orders, applications, adversary

       proceedings, and other legal documents necessary in the
       administration of the case;

   (d) protect the interest of the Debtor in all matters pending
       before the court; and

   (e) represent the Debtor in negotiation with its creditors in
       the preparation of a plan.

Mr. Furr received a retainer of $25,000 from FJK III Properties,
Inc. to file a motion for reconsideration of the order dismissing
case and to prepare schedules and statement of financial affairs
for both Chapter 11 Debtors.

Furr and Cohen will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Furr, 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.

Furr and Cohen can be reached at:

       Robert C. Furr, Esq.
       FURR AND COHEN, P.A.
       2255 Glades Road, Suite 337W
       Boca Raton, FL 33431
       Tel: (561) 395-0500
       Fax: (561) 338-7532
       E-mail: rfurr@furrcohen.com

FJK Properties Inc. filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Fla. Case No. 15-19494) on May 26, 2015.  The Debtor estimated
assets of $10 million to $50 million and debts of $1 million to $10
million.  Frederick J. Keitel, Esq., serves as the Debtor's
counsel.  Hon. Paul G. Hyman, Jr., is assigned to the case.


FLINTKOTE COMPANY: Court Won't Review Ruling v. Frederick Place
---------------------------------------------------------------
Delaware District Judge Leonard P. Stark tossed out the request of
8 E. Frederick Place, LLC, asking the District Court to reconsider
its Memorandum and Order issued on January 16, 2015, related to the
bankruptcy proceedings of The Flintkote Company and Flintkote Mines
Limited.

Frederick Place filed a claim against the Debtors' bankruptcy
estate, alleging that the Debtors are liable for polluting property
it currently owns in Cedar Knolls, New Jersey.  The Debtors
previously owned that property and used it as a site for a rubber
manufacturing facility.

Frederick Place on May 23, 2011, filed a Motion for Relief from
Stay, seeking to pursue various federal and state environmental
claims against the Debtors in New Jersey state court.  On June 6,
2012, the Bankruptcy Court granted two motions for summary judgment
filed by the Debtors and denied Frederick Place's Motion for Relief
from Stay.

The District Court entered a Memorandum on January 16, 2015,
affirming the Bankruptcy Court Order.  Frederick Place presented
its Motion for Reconsideration on February 13, 2015.

Frederick Place argues that the Court should reconsider its
Memorandum, and reverse the Bankruptcy Court's Order, because (1)
the New Jersey Supreme Court recently issued Morristown Assocs. v.
Grant Oil Co., 106 A.3d 1176 (N.J. 2015), which provides further
guidance on the New Jersey Spill Compensation and Control Act (the
"Spill Act"); (2) the Court applied an incorrect standard of review
to the Bankruptcy Court's Order; and (3) the Court failed to take
into consideration the public policy of the state of New Jersey.

The Debtors argue that Morristown provides no new analysis
regarding the Spill Act that affects this Court's reasoning in the
Memorandum.  The Debtors also maintain that the Court's Memorandum
plainly applied the correct de novo standard of review.  They
contend that Frederick Place's remaining arguments improperly
rehash points of law that the District Court already decided.

According to Judge Stark, Frederick Place has not demonstrated an
intervening change in the controlling law, the discovery of new
evidence that was not previously available, or the need to correct
a clear error of law or fact or to prevent manifest injustice.

The case before the District Court is, IN RE: THE FLINTKOTE
COMPANY, et al., 8 E. FREDERICK PLACE, LLC, Appellant, v. THE
FLINTKOTE COMPANY and FLINTKOTE MINES LIMITED, Appellees, Civ. No.
12-1176-LPS (D. Del.).  A copy of the Court's July 14, 2015
Memorandum Order is available at http://bit.ly/1RCHB9Kfrom  
Leagle.com.

The Flintkote Company is represented by James E. O'Neill, III,
Pachulski, Stang, Ziehl & Jones, LLP.

8 E. Frederick Place LLC is represented by Learon John Nelson Bird,
Esq., at Fox Rothschild LLP.

The Flintkote Company and Flintkote Mines Limited are represented
by Laura Davis Jones, Esq., and James E. O'Neill, III, Esq., at
Pachulski, Stang, Ziehl & Jones, LLP.

                  About The Flintkote Company

Headquartered in San Francisco, California, The Flintkote
Company is engaged in the business of manufacturing, processing
anddistributing building materials. Flintkote Mines Limited is
asubsidiary of Flintkote Company and is engaged in the mining
ofbase-precious metals.

The Flintkote Company filed for Chapter 11protection (Bankr. D.
Del. Case No. 04-11300) on April 30, 2004.Flintkote Mines
Limited filed for Chapter 11 relief (Bankr. D.Del. Case No.
04-12440) on Aug. 25, 2004. Kevin T. Lantry, Esq., Jeffrey E.
Bjork, Esq., Dennis M. Twomey, Esq., Jeremy E.Rosenthal, Esq.,
and Christina M. Craige, Esq., at Sidley Austin, LLP, in Los
Angeles; James E. O'Neill, Esq., and Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, in Wilmington, Del., represent
the Debtors in their restructuring efforts.

Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in
NewYork, N.Y.; Peter Van N. Lockwood, Esq., Ronald E. Reinsel,
Esq.,at Caplin & Drysdale, Chartered, in Washington, D.C.; and
PhilipE. Milch, Esq., at Campbell & Levine, LLC, in Wilmington,
Del., represent the Asbestos Claimants Committee as counsel.

James J. McMonagle, is the legal representative for
futureclaimants. The FCR has retained Dr. Timothy Wyant as
claims evaluation consultant. The FCR is represented by James L.
Patton,Jr., Esq., and Edwin J. Harron, Esq., at Young Conaway
Stargatt & Taylor, LLP; and Reginald W. Jackson, Esq., at Vorys,
Sater, Seymour & Pease LLP.

When Flintkote filed for protection from its creditors, it
estimated more than $100 million each in assets and debts. When
Flintkote Mines Limited filed for protection from its creditors,
it estimated assets of $1 million to $50 million, and debts of
more
than $100 million.

The Debtors' Chapter 11 cases have been re-assigned to Judge Mary
F. Walrath in line with the retirement of former Bankruptcy
Judge Judith Fitzgerald.

                            *   *   *

Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware has approved the disclosure statement explaining the
modified confirmed amended joint plan of reorganization filed by
The Flintkote Company and Flintkote Mines Limited, and allowed the
Debtors to resolicit the votes of holders of claims in the eligible
classes with regard to the Plan.

Thereafter, the Debtors have modified their confirmed plan to
incorporate the terms ofa comprehensive settlement with its parent,
Imperial Tobacco Canada Limited, f/k/a Imasco Limited (Canada).
Objections to the confirmation of the Plan were due July 8, 2015.
The confirmation hearing will commence on Aug. 10, 2015, at 10:30
a.m. (ET).


FLORIDA GAMING: Court Denies Public Storage's Bid for Stay Relief
-----------------------------------------------------------------
The Hon. Robert A. Mark of the U.S. Bankruptcy Court for the
Southern District of Florida entered an agreed order denying the
Public Storage, Inc.'s motion for relief from automatic stay
imposed in the Florida Gaming Centers, Inc., et al. Chapter 11
case.

Soneet R. Kapila, the creditor trustee of the Florida Gaming
Creditor Trust, will surrender and deliver possession of Unit A054,
5014 South Dale Mabry Highway, Tampa, Florida 33611, within 10 days
of the entry of the June 10 court order.  The Creditor Trustee is
authorized to sell the contents of the Unit without further court
approval or any claim to or security interest in such property by
Public Storage.  Public Storage will have no claim against and
waives, any and all claims against the Debtors, the Creditor
Trustee and the Trust for amounts due under the rental agreement or
related to the Unit and the contents thereof.

Public Storage, a creditor by virtue of a lease/rental agreement,
sought the relief from stay on March 13, 2015, saying that payments
due pursuant to the retail space lease agreement have been in
default and remain in default.  According to Public Storage, the
Debtor failed to adequately protect the interest of Public Storage.
Public Storage said that it is prohibited from renting the
property to another tenant due to the pendency of this bankruptcy
action, and that there is no indication that the property has been
claimed exempt or abandoned by the trustee.

                   About Florida Gaming Centers

Florida Gaming Centers Inc. filed for Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 13-29597) in Miami on Aug. 19, 2013.
Florida Gaming Centers operates a casino and jai-alai frontons in
Miami.  The Company disclosed debt of $138.3 million and assets of
$180 million in its petition.  Its parent, Florida Gaming Corp.
(FGMG:US), and two other affiliates also sought court protection.

Bankruptcy Judge Robert A. Mark oversees the case.  The Debtors
are represented by Luis Salazar, Esq. and Jesse R. Cloyd, Esq. at
Salazar Jackson, LLP of Miami, Florida.

ABC Funding, LLC, as Administrative Agent for a consortium of
prepetition lenders, and the prepetition lenders are represented
by Dennis Twomey, Esq., and Andrew F. O'Neill, Esq., at SIDLEY
AUSTIN LLP, in Chicago, Illinois; and Drew M. Dillworth, Esq., and
Marissa D. Kelley, Esq., at Stearns Weaver Miller Weissler
Alhadeff & Sitterson, P.A., in Miami, Florida.  The Prepetition
Lenders are Summit Partners Subordinated Debt Fund IV-A, L.P.,
Summit Partners Subordinated Debt Fund IV-B, L.P., JPMorgan Chase
Bank, N.A., Locust Street Funding LLC, Canyon Value Realization
Fund, L.P., Canyon Value Realization Master Fund, L.P., Canyon
Distressed Opportunity Master Fund, L.P., and Canyon-GRF Master
Fund II, L.P.

Counsel to the Official Joint Committee of Unsecured Creditors are
Glenn D. Moses, Esq., and Paul J. Battista, Esq., at Genovese
Joblove & Battista, P.A., in Miami, Florida.

                          *     *     *

The Debtors have sold their assets to Fronton Holdings, LLC, an
entity established by ABC Funding.  The $140,000,000 purchase
price consisted of a credit bid of $99,907,336 on account
of the Loan Claim and cash in the amount of $40,092,664.  The
Bankruptcy Court approved the sale on April 7, 2014.  The parties
consummated the 363 Sale on April 30.

The Debtors have submitted to the Bankruptcy Court a Disclosure
Statement explaining their Second Amended Joint Plan of
Liquidation dated June 16, 2014.  The Plan serves as a separate
plan of liquidation for each of the Debtors.  The Plan does not
seek to effect a substantive consolidation or other combination of
the separate estates of each Debtor but instead provides that
creditors of each Debtor will be permitted to assert their claims
only against the Debtor(s) which they hold Allowed Claims.

The Bankruptcy Court on July 23, 2014, entered an order confirming
Florida Gaming Corporation and its subsidiary, Florida Gaming
Centers, Inc.'s Second Amended Joint Chapter 11 Plan of
Liquidation dated July 16, 2014.


FREESEAS INC: Inks $600,000 Purchase Agreement with AMVS Value
--------------------------------------------------------------
FreeSeas Inc. entered into a securities purchase agreement with
AMVS Value Fund Ltd., pursuant to which, the Company sold a
$600,000 principal amount convertible note to the Investor for
gross proceeds of $600,000.

The Note will mature on the one year anniversary of the Closing
Date and will bear interest at the rate of 8% per annum, which will
be payable on the maturity date or any redemption date and may be
paid, in certain conditions, through the issuance of shares, at the
discretion of the Company.

The Note will be convertible into shares of the Company's common
stock, par value $0.001 per share, at a conversion price equal to
the lesser of (i) $15.481 and (ii) 60% of the lowest volume
weighted average price of the Common Stock during the 21 trading
days prior to the conversion date.

If an event of default under the Notes occurs, upon the request of
the holder of the Note, the Company will be required to redeem all
or any portion of the Note (including all accrued and unpaid
interest), in cash, at a price equal to the greater of (i) up to
127.5% of the amount being converted, depending on the nature of
the default, and (ii) the product of (a) the number of shares of
Common Stock issuable upon conversion of the Note, times (b) 127.5%
of the highest closing sale price of the Common Stock during the
period beginning on the date immediately preceding such event of
default and ending on the trading day that the redemption price is
paid by the Company.

The Company has the right, at any time, to redeem all, but not less
than all, of the outstanding Note, upon not less than 30 days nor
more than 90 days prior written notice.  The redemption price will
equal 127.5% of the amount of principal and interest being
redeemed.

The convertibility of the Note may be limited if, upon conversion
or exercise, the holder thereof or any of its affiliates would
beneficially own more than 4.99% of the Common Stock.

The Company has agreed to file, no later than 60 days following the
Closing Date, a registration statement on Form F-1 or other
appropriate form with the SEC to register the Conversion Shares
under the Securities Act of 1933, as amended, or as many of such
Conversion Shares as permitted by Rule 415 of the 1933 Act.

In addition, the Company reimbursed the Investor for all costs and
expenses incurred by it or its affiliates in connection with the
transactions contemplated by the transaction documents in a
non-accountable amount equal to $30,000.

                        About FreeSeas Inc.

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

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

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

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

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


GELTECH SOLUTIONS: Michael Reger Reports 54.9% Stake
----------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Michael Lloyd Reger disclosed that as of July 13, 2015,
he beneficially owned 36,355,532 shares of common stock of GelTech
Solutions, Inc. which represents 54.9 percent of the shares
outstanding.

On June 4, 2015, the Company issued Mr. Reger a $200,000 7.5%
secured convertible note in consideration for a $200,000 loan.  The
note is convertible at $0.73 per share and matures on Dec. 31,
2020.  Additionally, the Company issued Mr. Reger 136,987 two-year
warrants exercisable at $2.00 per share.  

On June 24, 2015, the Company issued the reporting person a
$200,000 7.5% secured convertible note in consideration for a
$200,000 loan.  The note is convertible at $0.82 per share and
matures on Dec. 31, 2020.  Additionally, the Company issued Mr.
Reger 121,952 two-year warrants exercisable at $2.00 per share.

On July 13, 2015, the Company issued the reporting person a
$150,000 7.5% secured convertible note in consideration for a
$150,000 loan.  The note is convertible at $0.78 per share and
matures on Dec. 31, 2020. Additionally, the Company issued Mr.
Reger 96,154 two-year warrants exercisable at $2.00 per share.

A copy of the regulatory filing is available at:

                        http://is.gd/1ku3te

                           About GelTech
        
Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

GelTech incurred a net loss of $7.1 million for the year ended June
30, 2014, compared to a net loss of $5.2 million for the year ended
June 30, 2013.

As of March 31, 2015, the Company had $1.47 million in total
assets, $3.93 million in total liabilities, and a $2.46 million
total stockholders' deficit.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2014, citing that the Company has a net
loss and net cash used in operating activities in 2014 of
$7,111,945 and $5,132,019 respectively and has an accumulated
deficit and stockholders' deficit of $35,133,578 and $1,898,315,
respectively, at June 30, 2014.  These matters raise substantial
doubt about the Company's ability to continue as a going concern.


GENESIS ENERGY: Moody's Rates New $750-Mil. Senior Notes 'B1'
-------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Genesis Energy
LP's proposed $750 million senior notes. The proceeds from the new
notes offering will be used in conjunction with approximately $450
million in proceeds from a simultaneous equity offering and
drawings under its revolving credit facility to fund Genesis' $1.5
billion acquisition of Gulf of Mexico crude oil and natural gas
gathering assets from Enterprise Products Operating, LLC (Baa1
stable). Moody's affirmed all of Genesis' existing ratings,
including its Ba3 Corporate Family Rating (CFR). The outlook is
stable.

"The acquisition of the Enterprise Offshore Business will greatly
enhance Genesis's scale and is a positive for the company's
business profile," stated James Wilkins, a Moody's Vice President.
"However, the company's leverage will likely remain high until the
second half 2016."

Genesis Energy LP

Ratings Assigned:

$750mm Senior Notes - B1 (LGD5)

Senior unsecured shelf registration -- (P)B1

Ratings Affirmed:

Corporate Family Rating at Ba3

Probability of Default Rating at Ba3-PD

Senior unsecured ratings at B1 (LGD5)

Speculative Grade Liquidity Rating at SGL-3

Outlook -- Stable

RATINGS RATIONALE

The new $750 million senior notes will have identical terms and
conditions as Genesis' existing senior notes. The new senior notes
as well as the existing senior notes are rated B1 or one notch
below the Ba3 CFR, reflecting their subordination to the secured
$1.5 billion revolving credit facility due 2019 ($648 million
outstanding as of March 31, 2015) and guarantees from Genesis'
operating subsidiaries. In conjunction with financing the
acquisition, Genesis is exercising the revolver's accordion feature
to increase commitments to $1.5 billion from $1.0 billion.

The Enterprise Offshore Business acquisition will be a positive for
Genesis' business profile and scale, but leverage will remain
elevated (5.5x as of March 31, 2015 on a pro forma basis) and slow
the de-levering we expected the company to realize in 2016, after
making significant investments in the 2012-2015 period. Moody's now
expects the company to more than double its EBITDA generation in
2016 from roughly $300 million in 2014. The Enterprise Offshore
Business generates stable free cash flow from fee-based long-term
contractual arrangements, similar to Genesis's existing business.
The acquired assets will diversify the company's cash flows,
leverage its existing operations and allow it to meet its
distribution growth target of 10%-11% per year growth over the next
3-5 years without the need for further large acquisitions.

Genesis's Ba3 CFR is supported by its predominantly fee-based cash
flows, an unusually high degree of asset and business line
diversification for a company of its size, and vertical integration
among its various assets. The rating also recognizes Genesis's high
leverage (over 5x) because of its heavy capital expenditures in
2013-14 and the Enterprise Offshore Business acquisition. However,
we expect Genesis's leverage and cash flow profile to improve as it
increasingly realizes the earnings potential of the added assets.
In addition, Genesis' equity offering completed in April 2015 ($198
million proceeds) helped fund growth capital expenditures in the
first half 2015.

Genesis has produced consistent cash flows through its logistics
and pipeline services for crude transportation, and maintains a
very strong market position as a supplier of NaHS, a chemical used
in many industries including mining, paper, and pharmaceuticals.
The rating is limited by the company's geographic concentration,
scale relative to similarly rated midstream peers and the risks
inherent in the business model for growth-oriented MLPs.

The principal methodology used in these ratings was Global
Midstream Energy published in December 2010 . Other methodologies
used include Loss Given Default for Speculative-Grade Non-Financial
Companies in the US, Canada and EMEA published in June 2009.

Genesis Energy, L.P. is a master limited partnership headquartered
in Houston, Texas.


GENESIS ENERGY: S&P Affirms 'BB-' Issuer Credit Rating
------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BB-'
issuer credit rating on Genesis Energy L.P.  At the same time, S&P
revised its recovery rating on its unsecured notes to '5' from '6'
and, as a result, raised its issue-level rating on the notes to
'B+' from 'B'.  S&P also assigned its 'B+' issue-level rating and
'5' recovery rating to the partnership's proposed $750 million
senior unsecured notes due 2022.

"The stable outlook reflects our view that U.S. midstream energy
partnership Genesis Energy L.P. will maintain adequate liquidity
and financial leverage, pro forma for completed growth projects, at
between 4.5x and 5.0x," said Standard & Poor's credit analyst
Michael Ferguson.

S&P could lower the rating if one or more of Genesis' business
segments experiences sustained underperformance or has
unanticipated operating difficulties or if Genesis makes a large
acquisition that weakens the financial profile such that the
debt-to-EBITDA ratio rises to more than 5x persistently.

Higher ratings are possible if Genesis expands into new geographic
regions, maintains a significant portion of fee-based cash flows,
and lowers total debt to EBITDA to about 4x.


GLYECO INC: Issues Shareholder Update Letter
--------------------------------------------
GlyEco, Inc., announced the issuance of a letter by Interim CEO and
President David Ide, to update shareholders on Company progress.

Dear Fellow Shareholders:

Since our last update to shareholders, we have a number of major
milestones to report.

During our April 2015 shareholder conference call, we communicated
four primary strategic objectives for the remainder of this fiscal
year.  I would like to take this time to update you regarding the
progress made in these functional areas.

Strategic Objective #1: GlyEco will continue its dedication to
quality.  As we are institutionalizing our technology, our quality
control and assurance program will continue to develop as the
standard in the glycol industry.

Update: Our Quality Control and Assurance Program ("QC&A Program")
is the cornerstone of our Company's recent opportunities with
national brands who demand on behalf of their customers the highest
quality glycol products in the market.  We have institutionalized
our QC&A Program throughout our footprint; our facility managing
partners have created a Quality Control and Assurance Committee to
support and develop new processes; we have created a GlyEco
University to aggregate our chemistry and technology advancements;
and we have begun working with our customers, large and small, on
their own quality control and assurance programs.
  
Strategic Objective #2: GlyEco will focus on maximizing the
profitable businesses we own, leverage the expertise of our
entrepreneurial managing partners, and work with our national
customers to increase same-store revenues.  We will also focus on
satellite locations where we will expand our sales and delivery
routes in areas we believe positively impact our topline revenue
and bottom line profitability.

Update: As a result of focus and reduced distractions, our team had
the opportunity to create a strong revenue quarter for GlyEco. We
believe our revenues will exceed all quarterly records with South
Carolina, Florida, and New Jersey reaching historical highs. In
June, we presented an outline to our national partners of our
expansion strategy and will continue to push forward to develop
opportunities.  We closed our second national account on June 15th
and have begun servicing the new client's 65 facility maintenance
centers.  We believe additional opportunities with a broad impact
on our facilities will occur by year-end and we are eager to meet
the quality and service needs of these new national customers.  Our
third quarter expansion plans, via satellite sales and delivery,
will expand our reach into new states and territories. These are
areas where our current customers have needs.  In May, we upgraded
one of our processing facilities to exceed 300% production capacity
over 2014 in order to support our satellite distribution facility,
what we refer to as hub-and-spoke model, to meet customer demands
and support our territorial growth plans. Same-store sales are
increasing and will continue as we focus on execution of our brand
initiatives, deliver exceptional quality and service to existing
customers, and leverage our QC&A Program and Field Operations
Program to expand the footprint.  July, August, and September are
traditionally slower months in the glycol industry; however, we
intend to push our opportunities forward, secure new national
business, and prepare for what we expect to be a strong October,
November, and December quarter.

Strategic Objective #3: GlyEco will deploy field technology to
support the automation and logistical requirements for growth.  We
will deploy smart routing, inventory and quality control, CRM for
sales, billing, and payments, which we believe delivers greater
control to our managing partners in the field and their teams to
increase client acquisition and retention.

Update: On June 1st, we deployed our field automation technology to
our South Carolina processing facility, and we plan to deploy to
the remainder of our footprint by August 15th.  As we drive our
business initiatives, our field technology will support additional
partner opportunities with national initiatives as well as allow us
to service with greater efficiency in payments, deliveries, and
routing measures, which we believe will lower our cost of goods and
operating expenses. By August 15th, we plan to be able to manage
more, service more, and deposit faster throughout our footprint.
This is important for our cash flows and critical efficiencies as
well as to allow us to service and sell to our customers. Since
March 1st, we have added over 750 customers, and as we look to the
third and fourth quarter business development, our field
technologies will allow us to continue these advancements without
incremental expenses.

Strategic Objective #4: GlyEco will continue to deploy its
technology throughout our footprint. We have created processes
which work and at scale.  We will take what we have learned and
employ this across our company and search for like-minded companies
who wish to partner, license, or become part of the GlyEco family.
GlyEco is about its technology and in 2015 we will continue our
leadership position in the space.  We will establish GlyEco
University as the first step to create awareness of the glycol
industry, why it is important to recycle this waste stream, and the
value it returns our customers and our communities.  We will
advance GlyEco University to our national partners, train them and
help them establish standards for quality and processes to insure
consistency for their customers.

Update: Quality Glycol is our DNA - our "why." GlyEco is a recycler
of waste glycol streams within the domestic United States. Our
seven processing centers deliver superior quality glycol products
using our innovative chemistry we call "The Platform" which
encompasses our GlyEco University, QC&A Program, automated field
operations, and proprietary glycol science.  Our company delivers a
fully integrated solution to the glycol, blend and antifreeze
industries.  Our industry leading Quality Assurance & Control
Committee is led by our facility managing partners, and we have
accepted our first national partner into our GlyEco University,
which will launch on July 17th with ten or more sales, marketing,
and engineering students.  Our QC&A Program encompasses twenty-four
(24) control modules from feedstock arrival through pre-treatment,
primary treatment, post treatment, and final product testing and
analysis including three tiers of review by internal and external
third part testing and analysis.  We will continue developing
GlyEco University as our repository for our intellectual property
gains and product training for our national partners, along with
our internal QC&A Program to insure our products exceed the
industry.  Our customers expect nothing less and we will continue
to deliver nothing less.  As our product line continues to evolve
to meet the needs of our customers, we will utilize the GlyEco
University as our repository for our science and engage with
partners in the art.

GlyEco will continue to improve its flexibility during 2015.

Flexibility is one of our cultural characteristics and
key-differentiating competency.  Our operational flexibility
enables us to efficiently redeploy certain manufacturing assets
when demand shifts between product types, an advantage in today's
fast-changing business environment.  We deliver blended finished
products to the specifications our customers demand as well as
deliver clear recycled products in bulk delivery for our clients to
finish as needed for their customers.  GlyEco is a technology
company first and foremost, which allows our chemistry and
intellectual property to travel to meet the needs of our customers.
Our technology provides the flexibility to support our future
growth as we expand further our sales and delivery footprint. Where
we have delivery routes via truck reach, as outlined above, we will
continue to advance outwards. However, where our delivery reach is
not cost effective, we will continue to leverage our technology to
ship in bulk to partners as a white label product.

To partner or to start a project with us please visit: Start a
Project with GlyEco! With our technology, our long-term goal is to
deliver a single platform for glycol sustainability and
consolidation to ensure predictable and dependable quality and
service throughout the industry.  We believe our industry
leadership will allow us over time to be the single point for
predictable and dependable recycled glycol.  Again, this is our
passion.  It is our DNA.

Our Team

Companies that grow and thrive over the long term usually do so
because of a number of factors, including a clear sense of
direction, market leadership, quality products, and effective
business models supported by vibrant cultures, solid business
approaches, and talented employees with the ability to execute. The
flexibility to adapt to changing business conditions is also
important.  We strive to have all these attributes contribute to
our success.  Our greatest resource continues to be found within
our team.  We are fortunate to have a very capable, highly skilled
group of people within our organization, and we will continue to
recruit and advance our human resources.  During the second
quarter, we developed committees to support our strategies.  Two of
these committees, the Field Technology Committee and Quality
Control and Assurance Committee are led by our facility managers
and volunteers to advance our initiatives throughout our footprint.
GlyEco University institutionalizes our passions to deliver
superior products and services to our customers.  It enhances our
differentiation and has been instrumental in helping us achieve new
levels of performance.  It is critical to our success.  I continue
to be impressed by the success stories generated by the leaders who
work within our processing facilities.  We initiated change in our
Company's culture, and we will continue to refine and develop our
team into the future.

All our stakeholder relationships are very important to us and our
success.  We have worked diligently in 2015 to advance the
organization while institutionalizing our technology processes both
chemistry and operations.  We have not, however, communicated much
to the market our activities, as we believe the next few quarters
are about execution and working through our growing pains.  The
technology works, and our rising customer counts are a result of
our recent focus and delivery.  We will work harder in the future
to communicate our successes, as they relate to our four strategic
objectives above, as we achieve them and not before they become
attributable to driving shareholder value.

We continue to work with our New Jersey landlord to resolve our
outstanding dispute.  However, it should be noted that our team
achieved record volumes shipped and revenues generated during the
second quarter while ongoing negotiations continued.  Our intent is
to mitigate distractions for our New Jersey team, however, as we
discussed in our last shareholder call, our Company has and
continues to work within our contractual obligations.  We will
continue to invest in our facilities, including New Jersey, to the
extent we achieve a compelling return on those investments and to
the extent the distractions do not interfere with our growing and
profitable footprint.  In addition, we will continue to initiate
change within our organization, as needed, to sustain our growing
business and to establish an accountable and entrepreneurial
culture.

Closing Remarks

In closing, our team is focused on driving business growth and
profitability through consolidating the industry, deploying our
proven technology and chemistry, and creating a predictable and
dependable partner for our regional and national opportunities.  We
have succeeded in partnering with and servicing multiple national
customers during the first half of 2015, brands you know and trust,
and we will continue to attract large national customers as we
relentlessly strive for greater share of this fragmented industry.
We believe our quality, service, technology experience, and
exceptional human resources will advance GlyEco into higher-priced
and less competitive markets, as we lift the industry for sustained
glycol products.

Thank you for your investment in GlyEco, Inc., and thank you for
your continued support.

Sincerely,

David Ide


Interim Chief Executive Officer and President

                         About GlyEco, Inc.

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

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

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

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


GREEKTOWN HOLDINGS: Dist. Court Won't Allow Direct Appeal
---------------------------------------------------------
The U.S. District Court for the Eastern District of Michigan denied
the petition of the Litigation Trustee in the Greektown Holdings,
LLC bankruptcy case for certification of the Court's June 9, 2015
Opinion and Order for immediate appeal to the U.S. Court of Appeals
for the Sixth Circuit.

On June 22, 2015, Buchwald Capital Advisors, LLC, the Litigation
Trustee for the Greektown Litigation Trust, filed the petition
seeking to have the District Court certify its Opinion and Order
Reversing the Bankruptcy Court's August 13, 2014 Order denying a
Renewed Motion to Dismiss filed by the Sault Ste. Marie Tribe of
Chippewa Indians, on the grounds of sovereign immunity and
remanding for further proceedings.

On June 25, 2015, the Sault Ste. Marie Tribe of Chippewa Indians
and Kewadin Casinos Gamin Authority filed a Response to the
Petition.

District Judge Paul D. Borman, however, declined to exercise his
discretion to certify the interlocutory June 9 Opinion and Order
for immediate appeal.  

"This is not an exceptional case meriting certification for
immediate appellate review," Judge Borman said.

"The Court is unpersuaded by the Litigation Trustee's argument that
an immediate appeal will materially advance the litigation because
it could eliminate the need for 'costly' discovery on the issue of
waiver. The nature and amount of discovery that Judge Shapero may
(or may not) deem necessary to decide the waiver issue is purely a
matter of speculation at this point," He added.

The parties to the lawsuit stipulated in the Bankruptcy Court
proceedings on December 23, 2010, that the most logical and
appropriate next step in this litigation is a determination of the
issue of waiver by Judge Shapero.

"Certifying the sovereign immunity issue for immediate appeal now,
without a ruling on the issue of waiver, will not terminate or
materially advance resolution of the underlying litigation," Judge
Borman said in his July 14, 2015 Order, a copy of which is
available at http://bit.ly/1CKqrjRfrom Leagle.com.

The case is, BUCHWALD CAPITAL ADVISORS, LLC, solely in its
capacity
as Litigation Trustee for the Greektown Litigation Trust,
Plaintiff, v. DIMITROS ("JIM") PAPAS, et al., Defendants. SAULT
STE. MARIE TRIBE OF CHIPPEWA INDIANS; KEWADIN CASINOS GAMING
AUTHORITY, Appellants, v. BUCHWALD CAPITAL ADVISORS, LLC,
Litigation Trustee for the Greektown Litigation Trust, Appellees,
Adv. Pro. 10-05712, Case No. 14-14103 (E.D. Mich.).

A copy of the District Court's June 9, 2015 Opinion and Order is
available at http://is.gd/lUzwHQfrom Leagle.com.

                 About Greektown Holdings

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate world-   
class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of
casino gaming space with more than 2,400 slot machines, over 70
tables games, a 12,500-square foot salon dedicated to high limit
gaming and the largest live poker room in the metropolitan Detroit
gaming market.

The Company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No.
08-53104).  The Debtors hired Daniel J. Weiner, Esq., Michael E.
Baum, Esq., and Ryan D. Heilman, Esq., at Schafer and Weiner PLLC,
as their bankruptcy counsel; Judy B. Calton, Esq., at Honigman
Miller Schwartz and Cohn LLP, as their special counsel; Conway
MacKenzie & Dunleavy as their financial advisor, and Kurtzman
Carson Consultants LLC as claims, noticing, and balloting agent.
The Official Committee of Unsecured Creditors tapped Clark Hill
PLC as its counsel.

Greektown Holdings listed assets and debts of $100 million to
$500 million in its bankruptcy petition.

On June 1, 2009, the Debtors filed a proposed Chapter 11 Plan of
Reorganization.  On Dec. 7, 2009, certain noteholder entities, the
Official Committee of Unsecured Creditors of the Debtors, and
Deutsche Bank Trust Company Americas, as indenture trustee,
proposed their own plan of reorganization for the Debtors.  On
Jan. 22, 2010, the Bankruptcy Court entered an order confirming
the Noteholder Plan.  The Plan was declared effective on June 30,
2010, after Greektown Casino Hotel obtained unanimous approval
from the Michigan Gaming Control Board on June 28 of the transfer
of the Company's ownership from the Sault Ste. Marie Tribe of
Chippewa Indian to new investors.


GT ADVANCED: Apple Objects to Loan Bid
--------------------------------------
Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reported that Apple Inc. says former sapphire supplier GT Advanced
Technologies Inc.'s bid to borrow $95 million from its bondholders
threatens the settlement the two reached last year over their
breakup.

According to the report, the maker of iPhones and iPads says that
although it is generally supportive of funding to advance GT
Advanced's reorganization, the terms of the debtor-in-possession,
or DIP, loan make it such that GT Advanced can't please Apple and
its lenders at the same time.

                   About GT Advanced

Headquartered in Merrimack, New Hampshire, GT Advanced
Technologies
Inc. -- http://www.gtat.com/-- produces materials and equipment  
for the electronics industry.  On Nov. 4, 2013, GTAT
announced a multiyear supply deal with Apple Inc. to produce
sapphire glass material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the
NASDAQ stock exchange in October 2014.

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT
had $85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the
United
States Bankruptcy Code (Bankr. D.N.H. Lead Case No.
14-11916).  GT says that it has sought bankruptcy protection due
to a severe liquidity crisis brought about by its issues with
Apple.

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than
2,000
sapphire furnaces that GT Advanced owns and has four years to
sell,
with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.

The bankruptcy case is assigned to Judge Henry J. Boroff.


GUIDED THERAPEUTICS: Has Resale Prospectus of 34M Common Shares
---------------------------------------------------------------
Guided Therapeutics, Inc. filed a Form S-1 registration statement
with the Securities and Exchange Commission relating to up to
34,000,000 shares of its common stock, issuable upon conversion of,
or payable as dividends on, the Company's Series C preferred stock
issued in a June 30, 2015, private placement.

The offer and sale of these shares of the Company's common stock
are being registered to fulfill its contractual obligations under a
registration rights agreement it entered into with certain
investors, including Aquarius Opportunity Fund.

The Company will not receive any cash proceeds from the sale of
shares by the selling stockholder.  The Company will pay the
expenses of registering the offer and sales of these shares.

The Company's common stock is listed on the OTCQB marketplace under
the symbol "GTHP."  The last reported sale price of the Company's
common stock on the OTCQB on July 10, 2015, was $0.11 per share.
The selling stockholder will sell at prevailing market prices per
share, at the time of sale, at fixed prices, at varying prices
determined at the time of sale, or at negotiated prices.

A copy of the Form S-1 prospectus is available at:

                       http://is.gd/LoY8AB

                     About Guided Therapeutics

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

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

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


HD SUPPLY: Investor Presentation Held to Discuss Sale Update
------------------------------------------------------------
HD Supply, Inc., held an investor presentation on July 16, 2015, to
provide an overview and update regarding the Power Solutions Sale
Transaction.

The Company previously entered into a definitive agreement to sell
HD Supply Power Solutions Business Unit for $825 million in cash.
The Transaction is expected to close in the third quarter of 2015,
after customary regulatory approvals.  The Company plans to use the
sale proceeds to repay its debt.

A copy of the slide presentation is available at:

                        http://is.gd/nSpe0z

                          About HD Supply
  
HD Supply, Inc., headquartered in Atlanta, Georgia, is one of the
largest North American wholesale distributors supporting
residential and non-residential construction and to a lesser
extent electrical consumption and repair and remodeling.  HDS also
provides maintenance, repair and operations services.  Its
businesses are organized around three segments: Infrastructure and
Energy; Maintenance, Repair & Improvement; and, Specialty
Construction.  HDS operates through approximately 800 locations
throughout the U.S. and Canada serving contractors, government
entities, maintenance professionals, home builders and
professional businesses.

As of May 3, 2015, HD Supply had $6.3 billion in total assets, $6.8
billion in total liabilities and a $498 million total stockholders'
deficit.

                           *     *     *

As reported by the TCR on Jan. 11, 2013, Moody's Investors Service
upgraded HD Supply's corporate family rating to 'B3' from 'Caa1'.
"This rating action results from our expectations that HDS will
refinance a significant portion of its senior subordinated notes
due 2015, effectively extending the remainder of its maturities by
at least two years to 2017," Moody's said.

HD Supply carries a 'B' corporate credit rating, with negative
outlook, from Standard & Poor's Ratings Services.


HD SUPPLY: To Sell Power Solutions Business Unit for $825-Mil.
--------------------------------------------------------------
HD Supply Holding, Inc., announced that it has entered into a
definitive agreement to sell its HD Supply Power Solutions business
unit, a leading provider of a diverse product and service offering
serving investor owned utility, public power, construction and
industrial markets, to Anixter Inc.  The purchase price is $825
million payable in cash at closing.  The transaction is expected to
close in HD Supply's third quarter of fiscal 2015 subject to
customary regulatory approvals.

"After a detailed evaluation, we determined that a sale of our
Power Solutions business to Anixter is in the best interests of our
Power Solutions associates and HD Supply shareholders," said Joe
DeAngelo, HD Supply Chairman and CEO.  "This transformational
transaction improves our ability to profitably grow in excess of
end market growth estimates and will allow us to further enhance
our capital structure."

                    Second-Quarter 2015 Outlook

After reflecting Power Solutions as a discontinued operation, the
Company anticipates net sales in the second quarter of fiscal 2015
to be in the range of $1,966 million to $2,021 million, Adjusted
EBITDA in the range of $245 million to $257 million, and Adjusted
net income per diluted share in the range of $0.50 to $0.56.  The
second quarter fiscal 2015 Adjusted net income per diluted share
range assumes a fully diluted weighted average share count of 201
million.  The second-quarter guidance is consistent with previously
disclosed estimates after reflecting Power Solutions as a
discontinued operation.

The company affirms its previously disclosed expectations for
fiscal year 2015 of approximately 3 to 4 percent estimated end
market growth, approximately 300 basis points of growth in excess
of the estimated market growth and an operating leverage target of
1.5 to 2.0 times.

                  Preliminary June Sales Results

Preliminary Net sales in June were $638 million, which represents
5.1 percent growth versus prior year.  There were 20 selling days
in June.  Preliminary June year-over-year average daily sales
growth by business unit is Facilities Maintenance 7.0 percent,
Waterworks 1.0 percent and Construction & Industrial - White Cap
11.4 percent.

                          About HD Supply
  
HD Supply, Inc., headquartered in Atlanta, Georgia, is one of the
largest North American wholesale distributors supporting
residential and non-residential construction and to a lesser
extent electrical consumption and repair and remodeling.  HDS also
provides maintenance, repair and operations services.  Its
businesses are organized around three segments: Infrastructure and
Energy; Maintenance, Repair & Improvement; and, Specialty
Construction.  HDS operates through approximately 800 locations
throughout the U.S. and Canada serving contractors, government
entities, maintenance professionals, home builders and
professional businesses.

As of May 3, 2015, HD Supply had $6.3 billion in total assets, $6.8
billion in total liabilities and a $498 million total stockholders'
deficit.

                           *     *     *

As reported by the TCR on Jan. 11, 2013, Moody's Investors Service
upgraded HD Supply's corporate family rating to 'B3' from 'Caa1'.
"This rating action results from our expectations that HDS will
refinance a significant portion of its senior subordinated notes
due 2015, effectively extending the remainder of its maturities by
at least two years to 2017," Moody's said.

HD Supply carries a 'B' corporate credit rating, with negative
outlook, from Standard & Poor's Ratings Services.


HDGM ADVISORY: Henry Mestetsky Withdraws Apperance as Counsel
-------------------------------------------------------------
Henry Mestetsky notified the U.S. Bankruptcy Court for the Southern
District of Indiana that he has withdrawn his appearance as counsel
for HDGM Advisory Services, LLC, et al., in their Chapter 11
proceeding.  Christine K. Jacobson, Esq. and Michael W. Hile, Esq.,
at Katz & Korin, PC, will remain counsel of record for Debtors.

                   About HDGM Advisory Services

HDGM Advisory Services, LLC ("MAS") and HDG Mansur Investments
Services, Inc. ("MISI") invest in and develop real estate around
the world.  They also provided management and investment services
to real estate funds that were set up as an investment vehicle for
religious Muslims.  MISI developed Finzels Reach, a real estate
development in Bristol England.  MAS and MISI are directly
or indirectly owned by Harold D. Garrison, who is also a debtor in
possession in a separate chapter 11 case.

MAS and MISI sought Chapter 11 bankruptcy protection (Bankr. S.D.
Ind. Case No. 14-04797 and 14-04798) in Indianapolis, Indiana, on
May 21, 2014.  On May 28, 2014, the Hon. James M. Carr directed
the joint administration the cases, under the lead case -- HDGM
Advisory, Case No. 14-04797.

MAS disclosed $20.3 million in assets and $7.99 million in
liabilities as of the Chapter 11 filing.  MISI disclosed $20.4
million in assets and $12.4 million in liabilities.  According to
a court filing, the Debtors don't have any secured creditors.

The Debtors have tapped Michael W. Hile, Esq., Christine K.
Jacobson, Esq., and Henry Mestetsky, Esq., at Katz & Korin PC, as
counsel.

An affiliate of the Debtors, Hamilton Proper Partners Golf
Partnership, L.P., sought bankruptcy protection (Bankr. S.D. Ind.
Case No. 14-00461) on Jan. 24, 2014.



HIGH STANDARD: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: High Standard Manufacturing Company, Inc.
           fka Hi Standard
           fka High Standard
           fka Interarms
           fka AMT
        Suite B-11
        5151 Mitchelldale
        Houston, TX 77092

Case No.: 15-33794

Chapter 11 Petition Date: July 16, 2015

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

Judge: Hon. Marvin Isgur

Debtor's Counsel: Johnie J Patterson, Esq.
                  WALKER & PATTERSON, P.C.
                  P.O. Box 61301
                  Houston, TX 77208-1301
                  Tel: 713-956-5577
                  Fax: 713-956-5570
                  Email: jjp@walkerandpatterson.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stan Chapman, vice president of
administration.

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


HIGHWOODS PROPERTIES: Fitch Affirms BB+ Preferred Stock Rating
--------------------------------------------------------------
Fitch Ratings has affirmed its Issuer Default Rating of 'BBB' for
Highwoods Properties, Inc. and its operating partnership Highwoods
Realty, L.P..  The Rating Outlook is Stable.

KEY RATING DRIVERS

Fitch's ratings for HIW reflect the company's credit metrics, which
are consistent with a 'BBB' rated office REIT with the company's
asset profile.  HIW owns a high quality real estate portfolio
within its core Southeast and Mid-Atlantic markets that has a
granular tenant base with solid credit quality and manageable lease
expirations over the next several years.  HIW also has adequate
financial flexibility and good contingent liquidity provided by
unencumbered assets, which cover unsecured debt by 2.1x assuming a
stressed 9% cap rate.

Factors that balance these credit strengths include the company's
portfolio focus on capital intensive office properties in secondary
urban and suburban markets with fewer barriers to new supply, as
well as a modest shortfall under Fitch's base case liquidity
analysis driven by elevated utilization under the line of credit
and the company's high adjusted funds from operations (AFFO) payout
ratio.

APPROPRIATE CREDIT METRICS

Fitch expects HIW's leverage to sustain in the mid-to-high 5.0x
range through 2017 assuming low single digit same store net
operating income (SSNOI) growth, successful stabilization of its
development pipeline and moderate ($50 million per year) equity
issuance.

Fitch's leverage projection for the company would increase to
roughly 6.0x over the projection period absent our equity issuance
assumption and holding all other assumptions constant (see KEY
ASSUMPTIONS section below).  Notably, the company's shares trade at
a 4.7% discount to the SNL Financial consensus NAV estimate versus
an average 10.3% discount for all office REITs and 4.5% discount
for all equity REITs.

The company's trailing-12 month (TTM) leverage was 5.7x at March
31, 2015.  This compares to 5.7x and 5.8x for the years ended 2014
and 2013, respectively.  Fitch defines leverage as recurring
operating EBITDA (excluding non-cash (above)/below market lease
income and non-cash stock compensation expense, but including
recurring cash distributions from joint ventures) over consolidated
debt net of readily available cash for debt repayment.

Fixed charge coverage should improve to the low 3.0x range in 2017,
supported by lower interest expense through debt refinancings, as
well as the internal growth and development completions that
support Fitch's leverage expectations.

Fixed charge coverage was 2.6x for the TTM ended March 31, 2015,
compared to 2.6x in 2014 and 2.7x in 2013.  Fitch expects that
coverage will improve to the high 2x to low 3.0x range over the
next 12-24 months, driven by low-single digit same-store NOI
(SSNOI) growth, incremental cash flow from development completions
and value-add acquisitions, and continued access to debt capital at
favorable rates.  Fitch defines FCC as recurring operating EBITDA,
less recurring capital expenditures and straight-line rent
adjustments, divided by total cash interest incurred and preferred
dividends.

PRE-LEASING MITIGATES DEVELOPMENT RISK

The cost to complete HIW's development pipeline grew to 5.5% of
gross assets at March 31, 2015, compared to 6.1% at Dec. 31, 2014
and 3.7% in 2013.  High pre-lease rates (the pipeline is currently
93% pre-leased) mitigate the risk from growth in HIW's unfunded
development commitments by reducing leasing risk inherent in the
development business.

MINIMAL NEAR-TERM REFINANCING RISK

Less than 10% of the company's debt matures through Dec. 31, 2016,
and HIW does not face any unsecured debt maturities until 2017,
which limits corporate refinancing risk.  Fitch expects HIW to be
100% unencumbered when it refinances its last maturing mortgage
during 2017.

LIQUIDITY AND DEBT STRUCTURE

Fitch's stressed liquidity analysis shows HIW's sources of
liquidity covering its uses of liquidity by only 0.7x between April
1, 2015 to Dec. 31, 2016 period, leading to an approximate $200
million deficit.  Unfunded development expenses of $280 million and
the company's high (48% drawn) revolver utilization rate are the
principal reasons for the shortfall.

HIW's liquidity coverage improves to 0.9x on a pro forma basis that
includes $125 million of proceeds from the company's recast term
loan completed during 2Q'15.  The company used the proceeds to
repay debt, including 39 million of secured mortgage debt and a
portion of its outstanding revolver borrowings.  Fitch's projected
deficit for HIW declines to $90 million after making these
adjustments.

Fitch expects the company to bridge the funding gap with asset
sales and unsecured debt/equity issuance under the company's $250
million at-the-market equity program.  HIW's $3.5 billion
unencumbered asset pool (based on a stressed 9% cap rate) can
provide liquidity in a more challenged capital markets environment.
The company's unencumbered assets cover its unsecured debt (UA/UD)
by 2.1x at March 31, 2015.

The liquidity shortfall is driven in part by a $228 million balance
on the $475 million line of credit at March 31, 2015 that matures
in 2018.  The company's 52% line availability compares with a
median availability of roughly 80% for the office REIT sector at
March 31, 2015.

HIW has also maintained higher utilization historically; the line
was 43% drawn on average at the end of each year between 2006 and
2014 compared to 24% for its peers.  Fitch does not expect the
elevated balance to impact credit quality in the near term given an
accommodating capital markets environment and minimal near-term
debt maturities; however, the company is less well positioned to
handle an unanticipated, stressed liquidity environment similar to
late 2008-2009.

BELOW PEER INTERNAL GROWTH

Fitch expects HIW's GAAP same store NOI (SSNOI) to increase by 3.5%
in 2015 and 2016, followed by 3% growth in 2017.  The company's
SSNOI growth has historically been lower and more volatile than its
office REIT peers.  Fitch attributes this to its secondary market
locations and related lower barriers to new supply.

HIW's 0.4% average SSNOI growth during the last five years was
moderately (40 bps) below its peers, largely due to its negative
rent cash spreads for new and renewal leases.  Importantly, HIW's
SSNOI growth has outpaced many of its suburban office peers and the
margin of underperformance to the broader office REIT sector
(including CBD focused peers) is small.

HIW's largest markets as a percent of annualized base rent (ABR)
include Atlanta (16.0% of ABR), Raleigh (15.7%), Nashville (14.3%),
Tampa (10.9%) and Pittsburgh (9.1%) as of March 31 2015.
Positively, the company has increasingly targeted ownership within
the better submarkets that have historically outperformed their
broader respective markets.  The company has also improved asset
quality within its submarkets.  Class A properties comprise 76% of
the portfolio square feet compared to 38% at year-end 2004.  

HIW's occupancy rate averaged 89.8% during the last five years has
exceeded its market averages (and was slightly above its peers),
suggesting the company's better quality assets are garnering more
than their fair share of demand.  Rent growth has been challenging
but has shown some improvement during the last six months.  The
company's cash rent spreads were negative 2%, negative 7% and
negative 7% during 2014, 2013 and 2012, respectively.  However,
spreads turned modestly (less than 1%) positive during the last two
quarters.  GAAP lease spreads were 10% during 2014, 5% during 2013
and 2%.

WEAK DIVIDEND COVERAGE, MODESTLY IMPROVING

The company's first-quarter 2015 AFFO payout ratio improved to
96.4% from 100.5% during 2014 and was 95.3% in 2013 and 98.6% in
2012.; however, the high payout ratio limits HIW's ability to
generate internal liquidity.

Fitch views a reluctance by REITs generally to cut dividends when
AFFO payout ratios are near, or exceed 100% as speaking to
management's investor priorities, recognizing that the REIT
structure requires a careful balancing of investor constituencies.
High payout ratios are only one of many credit metrics, not as
important to credit evaluation as leverage, unencumbered asset
coverage and other liquidity measures.

KEY ASSUMPTIONS

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

   -- SSNOI growth of 3.5% in 2015 and 2016 and 3% in 2017,

   -- Acquisitions of $125 million per year during the 2015 to
      2017 projection period at cap rates of 6%,

   -- Dispositions of $150 million during 2015, $125 million
      during 2016 and $100 million during 2017 at an 8.25% cap
      rate,

   -- Development spending of $175 million during 2015, $150
      million during 2016 and $100 million during 2017,

   -- Development deliveries of roughly $175 million, $115 million

      and $200 million at 8% yields in 2015, 2016 and 2017,
      respectively,

   -- Capital spending slightly north of $100 million per annum
      through 2017,

   -- Incremental unsecured debt issuance of $125 million during
      2015, $350 million during 2016 and $250 million during 2017
      at yields of 4.0%, 4.3% and 4.5%, respectively,

   -- Equity issuance of $50 million per year during the forecast
      period.

RATING SENSITIVITIES

These factors may have a positive impact on Highwoods' ratings
and/or Outlook:

   -- Fitch's expectation of leverage sustaining below 5.5x
      (leverage at March 31, 2015 was 5.7x);

   -- Maintaining a fixed charge coverage ratio above 2.5x (fixed
      charge coverage was 2.6x for the TTM ended March 31, 2015);

   -- Unencumbered asset coverage of unsecured debt assuming a
      stressed 9% cap rate above 2.5x (coverage is currently
      2.1x).

These factors may have a negative impact on the company's ratings
and/or Outlook:

   -- A persistent shortfall in the company's liquidity coverage
      under Fitch's stressed liquidity analysis, in the context of

      Highwoods' historical above peer revolver utilization.

   -- Fitch's expectation of leverage sustaining above 6.5x.

   -- Fitch's expectation of fixed-charge coverage sustaining
      below 2.0x.

FULL LIST OF RATING ACTIONS

Fitch has affirmed these ratings:

Highwoods Properties, Inc.

   -- IDR at 'BBB';
   -- Preferred stock at 'BB+'.

Highwoods Realty Limited Partnership

   -- IDR at 'BBB';
   -- Senior unsecured lines of credit at 'BBB';
   -- Senior unsecured term loans at 'BBB';
   -- Senior unsecured notes at 'BBB'.



HORNED DORSET: Court Refuses to Review Order Staying Suits
----------------------------------------------------------
Magistrate Judge Marcos E. Lopez of the United States District for
District of Puerto Rico denied a motion or reconsideration of an
order staying all proceedings against Debtor The Horned Dorset
Primavera, Inc., to allow Kristen Blomquist, et al.'s lawsuit
against Universal Insurance Group.

Judge Lopez ruled that the order staying all proceedings in this
case, including those against Universal as insurer of Horned
Dorset, and vacating the pretrial and settlement conference and
trial date stands.

The case is KRISTEN BLOMQUIST, et al., Plaintiffs, v. THE HORNED
DORSET PRIMAVERA, INC., et al., Defendants, Civil No.: 13-1835
(MEL), (D.P.R.).

Annette M. Nogueras-Castro, Esq. -- an@bnlawpr.com -- and Roberto
Boneta, Esq. -- rb@bnlawpr.com -- of Boneta & Nogueras serve as
counsel for Plaintiff Kristin Blomquist.

Hector J. Ferrer-Rios, Esq., of HFR Legal Services LLC and Julio C.
Cayere-Quidgley, Esq., of Cayere-Quidgley Legal Services, PSC serve
as counsel for Defendant Universal Insurance Group, Inc.

A full-text copy of Judge Lopez' Opinion and Order dated June 3,
2015, is available at http://is.gd/WAtrhlfrom Leagle.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.


HUNTINGTON INGALLS: S&P Affirms 'BB+' Rating on Unsecured Notes
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BBB' issue-level
rating and '1' recovery rating to Huntington Ingalls Industries
Inc.'s (HII's) $1.25 billion revolving credit facility due 2020.
The '1' recovery rating indicates S&P's expectations of very high
recovery (90%-100%) in a default scenario.

At the same time, S&P affirmed its 'BB+' issue-level rating on the
company's unsecured notes.  S&P's '4' recovery rating on the
unsecured notes remains unchanged, reflecting its expectations for
average recovery (30%-50%; higher end of the range) in a default
scenario.

The new revolver replaces HII's previous $650 million revolver, and
the company used cash on hand to pay off the $345 million of
outstanding debt remaining on its term loan.  S&P do not believe
that the proposed transaction will significantly alter the
company's credit metrics, therefore S&P's corporate credit rating
and outlook on HII remain unchanged.

S&P's ratings on Huntington Ingalls reflect its position as one of
only two builders of large ships for the U.S. Navy and its large
backlog, which should provide the company with steady demand for
the next few years.  However, HII has limited product and customer
diversity and is exposed to possible long-term budget pressures.
S&P expects the company's credit ratios to improve in 2015 because
of increased earnings, with a funds from operations-to-debt ratio
of around 45% and a debt-to-EBITDA metric of 1.5x.

RECOVERY ANALYSIS

Key analytical factors

   -- S&P completed a recovery analysis of Huntington Ingalls and
      assigned its issue-level and recovery ratings to the
      company's new $1.25 billion secured revolving credit
      facility due 2020.  S&P also affirmed its issue-level and
      recovery ratings on the company's unsecured notes.

   -- S&P estimates that for the company to default, its EBITDA
      would need to decline significantly from current levels,
      likely due to a decline in defense spending or the
      cancelation of a major shipbuilding program.  S&P believes
      that the Huntington Ingalls' emergence EBITDA would be
      greater than its default EBITDA as the company would likely
      be able to reduce costs and rationalize its business in
      bankruptcy to meet the lower demand.

   -- S&P believes that if HII were to default, it would remain
      viable because of its position as one of only two providers
      of large warships to the U.S.  Navy and as the only builder
      of nuclear powered aircraft carriers.  Therefore, S&P
      believes that debtholders would achieve the greatest
      recovery value through a reorganization rather than
      liquidation.  S&P used the enterprise valuation methodology
      to determine recovery, using a 5.5x multiple of its
      projected emergence EBITDA.

   -- Other key assumptions at default include: LIBOR rises to 325

      basis points (bps); the revolver is 85% drawn (net of
      letters of credit, which are assumed to remain outstanding
      but undrawn); a 150 bp increase in the cost of borrowing
      under the term loan due to credit deterioration that would
      necessitate covenant amendments; and all debt includes six
      months of accrued interest.

Simulated default and valuation assumptions:
   -- Simulated year of default: 2020
   -- EBITDA at emergence: $350 million
   -- EBITDA multiple: 5.5x
Simplified waterfall:
   -- Net enterprise value (after 5% admin. costs): $1.829 billion
   -- Valuation split (obligors/nonobligors): 100%/0%
   -- Value available to first-lien debt claims
     (collateral/noncollateral):
   -- $1.829 billion/$0
   -- Secured first-lien debt claims: $1.065 billion
   -- Recovery expectations: 90%-100%
   -- Total value available to unsecured claims: $764 million
   -- Senior unsecured debt/pari-passu unsecured claims: $1.345
      billion/$345 million
   -- Recovery expectations: 30%-50% (upper half of the range)

Note: All debt amounts include six months of prepetition interest.
Collateral value equals asset pledge from obligors after priority
claims plus equity pledge from nonobligors after nonobligor debt.

RATINGS LIST

Huntington Ingalls Industries Inc.
Corporate Credit Rating                BB+/Stable/--

New Ratings
Huntington Ingalls Industries Inc.
$1.25 bil revolver due 2020            BBB
  Recovery Rating                       1

Ratings Affirmed
Huntington Ingalls Industries Inc.
Unsecured Notes                        BB+
  Recovery Rating                       4H



INVENERGY THERMAL: Moody's Rates New $537MM Secured Loan 'B1'
-------------------------------------------------------------
Moody's Investors Service assigned a rating of B1 to Invenergy
Thermal Operating I LLC's proposed $537 million seven-year senior
secured term loan and its $70 million five-year senior secured
revolving credit facility. Proceeds from the term loan, along with
$100 million of equity funds, will be used to recapitalize
Invenergy Clean Power LLC's interests in a portfolio of six gas
fired generating facilities (net capacity of 2,029 MW) and will
repay approximately $225 million of project level debt outstanding
as well as approximately $380 million in corporate debt. Pro-forma
for the transaction, remaining project level debt will be about
$440 million. The rating outlook is stable.

RATINGS RATIONALE

The B1 rating reflects the geographic and cash flow diversity of
Invenergy's portfolio of assets, many of which benefit from long
term power sales arrangements. Although these contracts provide
stability for a portion of Invenergy's cash flow, the rating
recognizes Invenergy's meaningful dependence on the more volatile
cash flows that are expected to come from the sale of merchant
capacity and energy. The rating also considers the significant
leverage that is being employed at the project, and the
structurally subordinate position of the Invenergy lenders for four
of the six projects. The B1 rating also reflects the solid
performance of the operating projects, limited construction risk,
and a good liquidity position.

Merchant Exposure Balanced by Contractual Cash Flow

Although the majority of Invenergy portfolio is currently
contracted, a meaningful and increasing percentage of cash flow is
expected to come from the sale of merchant capacity and energy.
Based upon our review of sponsor provided projections and
sensitivities tested by Moody's, we estimate that over the next
three years, around 40%-50% of Invenergy's cash flow available for
debt service (CFADS) will come from the sale of unregulated
merchant energy and capacity. Moving beyond the three year period
for which the PJM Interconnection (PJM) capacity auction prices are
known, the percentage increases to about 70%.

Invenergy's remaining cash flow is expected to come from a
combination of contractual sales to investment grade
counterparties, and revenue from capacity that has cleared in the
PJM forward auctions. The stability provided by these contracts is
however offset to some degree by the structurally subordinate
position of the Invenergy term loan lenders for four of the six
projects and the fact that three of the four fully long-term
contracted projects in the portfolio are jointly owned by a
minority partner. As a result, the contribution from these three
projects' more certain cash flows, which is paid to Invenergy in
the form of a dividend, ends up representing less than 15% of
projected CFADS. Moreover, while the wholly-owned, fully contracted
St. Clair project is expected to generate a significant amount of
cash flow, it also has a substantial amount of project level debt
($250 million of the remaining $440 million); as such, its
contribution to Invenergy's CFADS, while relatively consistent, is
impacted each year by annual project level debt service payments.

Portfolio Breakdown

The Invenergy portfolio is widely spread across five U.S states and
one Canadian province. This degree of diversification provides
insulation in the event of operating or market or regulatory
issues, although there is some asset concentration. The two newly
completed, unencumbered projects - Nelson, which is only partially
contracted and which sells into PJM, and Ector, which is not
contracted and which will sell into the Electric Reliability
Council of Texas (ERCOT), are each expected to contribute in the
range of 25-40% of consolidated cash flow. The St. Clair project,
which has a long term contract with Ontario Power Authority (now
merged with the Ontario Independent Electricity System Operator
(IESO)), and as mentioned, a meaningful amount of project level
debt (about $440 / kW), is also expected to provide about 25% of
cash flow. The remaining projects generally provide less than 10%
each.

Operating Performance

The operating performance of the portfolio has generally been very
good. All of the plants in the Invenergy portfolio utilize standard
well understood technology including GE 7FA / 7EA turbines and
benefit from maintenance agreements with GE. Availabilities for the
four projects with operating histories have been averaging about
94% with limited forced outages. The 584 MW Nelson combined cycle
plant achieved commercial operation on May 8, 2015 and the 330 MW
Ector peaking plant is on track to be completed by August 2015.

Capital Structure and Financial Metrics

The Invenergy portfolio is highly leveraged from a capital
structure perspective, with a debt to capital ratio estimated at
about 85%. In addition to the $537 million term loan, there is
about $630 million ($440 million attributable to Invenergy) of
structurally senior project level debt. At approximately $482 / kW,
total proportionate leverage is in the range of other partially
contracted gas-fired portfolios that are rated in the Ba or B
ranges; however we anticipate Invenergy's cash flow based credit
metrics such as coverage of mandatory debt service and funds from
operations (after capital expenditures) to debt will remain modest.
Over the next three years we anticipate funds from operations
(after capex) / total debt to remain under 5% and that cash flow
coverage of mandatory debt service will average about 1.10x, which
all score toward the upper end of the "Caa" ranges indicated for
these metrics in our rating methodology for non-amortizing Power
Generation Projects (the Methodology). While these metrics are weak
for a B1 rating, we recognize that the metrics are influenced by
the higher amortizing leverage employed at four of the projects
where long-term contracts exist.

Liquidity

Invenergy benefits from a good liquidity position which should
provide cushion in the event of construction delays, operational
issues or weak market conditions. The project's internal cash flow
generating ability is supplemented by a $6.5 million liquidity
reserve that will be available if needed to cover shortfalls during
the first two years after the closing of the term loan (2017).
There is also a reserve for major maintenance, initially funded at
$8 million with the ability to retain up to two years of budgeted
major expenditures prior to the sweep of excess cash flow for the
repayment of debt. A six month reserve for mandatory debt service
(approximately $21 million) will be provided via a letter of credit
written off of Invenergy's $70 million revolving credit facility.
Approximately $39 million of the revolving credit facility will be
available for working capital needs. All four of the Invenergy
projects with project level debt have their own six month debt
service reserves.

Project structure

The term loan lenders will benefit from a traditional project
financing structure with a trustee administered waterfall including
a revenue account, construction/completion accounts and various
reserve funds, limitations on liens, mergers and acquisitions, etc.
Lenders will benefit from a collateral package that includes among
other things, a first lien on the Nelson and Ector assets as well
as a first lien on the stock of the indirect owners of the
remaining four assets (subject to a 65% limitation in the equity
interest of non-USjurisdictional entities). Sales of the unlevered
Nelson or Ector projects will be permitted subject to minimum
target amounts that would be used to prepay the term loan along
with rating agency affirmation of the then current ratings. The
target amounts are set to maintain project economics in Invenergy's
base case. In our base case, which assumes lower merchant margins
from these plants, projected financial metrics are actually
modestly stronger after the sale of these assets. The term loan
also contains one financial covenant, minimum cash flow coverage of
mandatory holding company debt service, including the use of
liquidity reserves, of 1.10x. The term loan will be repaid via 1%
scheduled annual amortization plus a sweep of 100% of excess cash
(net of any income tax payable by Invenergy's parent). The amount
of excess cash applied to debt repayment will reduce to 75% when
Invenergy's leverage ratio (cash available for holding company debt
service to net holding company debt) is below 5x.

Outlook

The rating outlook for Invenergy is stable reflecting our
assumption that the new and nearly completed Nelson and Ector
plants will operate as anticipated in 2015. The outlook assumes
there will be sufficient liquidity to cover potential cash flow
shortfalls that may arise from construction delays, unexpected
shakedown issues, or lower energy margins. The outlook assumes the
projects will continue to demonstrate solid operating performance.

What could make the rating go UP

Although not likely in the near term, upward pressure on the rating
could develop if debt repayment occurs as expected and no
incremental leverage is added such that Invenergy's ratio of funds
from operation to debt were to remain above 5% and cash flow
coverage of total debt service its debt service coverage ratio were
to remain above 1.3x on a sustained basis.

What could make the rating go DOWN

To the extent the Ector project is not completed as anticipated, or
if Ector or Nelson were to have an inordinate amount of startup or
shakedown issues, there could be downward pressure on the rating.
Downward pressure on the rating could also develop if there were to
be material operating or other issues that resulted in leveraged
projects being unable to distribute cash to Invenergy, particularly
St. Clair. In the event cash shortfalls were to be in excess of
amounts available from the liquidity reserve or revolving credit
facility, there would likely be downward pressure on the rating.

The ratings are predicated upon final documentation in accordance
with Moody's current understanding of the transaction and final
debt sizing and projected cash flow and credit metrics that are
consistent with Moody's current expectations.

The principal methodology used in these ratings was Power
Generation Projects published in December 2012.

Invenergy holds Invenergy Clean Power LLC's interests in a
portfolio of six gas-fired plants located throughout the United
States and Canada. Three of the projects are wholly owned (St.
Clair (584 MW, Ontario), Nelson (584 MW, Illinois) and Ector (330
MW, Texas)) while the other three (Cannon Falls (357 MW,
Minnesota), Spindle Hill (314 MW, Colorado) and Hardee 370 MW,
Florida)) are joint ventures in which Invenergy holds a 51% share.


JAMES RIVER: Asks for Oct. 7 Extension of Plan Filing Date
----------------------------------------------------------
Sherri Toub and Bill Rochelle, bankruptcy columnists for Bloomberg
News, reported that James River Coal Co., asked for an 88-day
extension of its so-called exclusivity through Oct. 7 to allow it
to to market and sell a $27 million third-lien note, and other
remaining assets, continue winding down
the business and pursuing recovery actions, and develop a plan.

The Bloomberg report noted that the Richmond, Virginia-based miner
already sold all of its operating assets to multiple buyers.  To
fund a Chapter 11 plan that pays administrative expense claims in
cash in full and maximizes creditor recoveries, James River said it
needs to sell or monetize the note, which was part of Blackhawk
Mining LLC's purchase price for the Debtor's mining assets.

                           About James River

James River Coal Company is a producer and marketer of coal in the
Central Appalachia ("CAPP") and the Midwest coal regions of the
United States.  James River's principal business is the mining,
preparation and sale of metallurgical coal, thermal coal (which is
also known as steam coal) and specialty coal.

James River and 33 of its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. E.D. Va. Case Nos. 14-31848 to 14-31886) in
Richmond, Virginia, on April 7, 2014.  The petitions were signed
by Peter T. Socha as president and chief executive officer.
Judge Kevin R. Huennekens oversees the Chapter 11 cases.

On the petition date, James River Coal disclosed total assets of
$1.06 billion and total liabilities of $818.6 million.

The Debtors are represented by Tyler P. Brown, Esq., Henry P.
(Toby) Long, III, Esq., and Justin F. Paget, Esq. at Hunton &
Williams LLP of Richmond, VA and Marwill S. Huebner, Esq, Brian
M. Resnick, Esq., and Michelle M. McGreal, Esq. at Davis Polk &
Wardwell LLP of New York, NY.  Kilpatrick Townsend & Stockton LLP
serves as the Debtors' special counsel.  Perella Weinberg Partners
L.P. is the Debtors' financial advisor.  Deutsche Bank Securities
Inc. serves as the Debtors' investment banker and M&G advisor.
Epiq Bankruptcy Solutions, LLC, acts as the debtors' notice,
claims and administrative agent.

The U.S. Trustee for Region 4 has appointed five creditors to the
Official Committee of Unsecured Creditors.  Michael S. Stamer,
Esq., Alexis Freeman, Esq., and Jack M. Tracy II, Esq., at Akin
Gump Strauss Hauer & Feld LLP; and Jonathan L. Gold, Esq.,
Christopher L. Perkins, Esq., and Christian K. Vogel, Esq., at
LeClairRyan.

The Debtors, in August 2014, won authority to sell the Hampden
Mining Complex (including the assets of Logan & Kanawha Coal
Company, LLC), the Hazard Mining Complex (other than the assets of
Laurel Mountain Resources LLC) and the Triad Mining Complex for
$52 million plus the assumption of certain environmental and other
liabilities, to a unit of Blackhawk Mining.  The Buyer is
represented by Mitchell A. Seider, Esq., and Charles E. Carpenter,
Esq., at Latham & Watkins LLP.


JOHNNY BRETT GREGORY: Court Won't Review Habeas Application Denial
------------------------------------------------------------------
Johnny Brett Gregory initiated on August 14, 2014, filed pro se an
application for a writ of habeas corpus pursuant to 28 U.S.C.
Section 2241 challenging the validity of his criminal conviction.
The United States District Court for the Northern District of
Georgia, on September 9, 2014, denied the application and dismissed
the action for lack of statutory jurisdiction because Mr. Gregory
failed to demonstrate that the remedy available to him pursuant to
28 U.S.C. Section 2255 in the sentencing court was inadequate or
ineffective.  Mr. Gregory filed two separate motions to reconsider
which were both denied by the court.  Mr. Gregory timely filed a
Notice of Appeal.  In Mr. Gregory's current motion to reconsider,
he argues that he filed a Chapter 11, Involuntary Bankruptcy
Petition on May 1, 2015 and that the Court's June 5, 2015 Order
violated the automatic stay.

Senior District Judge Lewis T. Babcock of the United States
District Court for the District of Colorado denied Debtor Johnny
Brett Gregory's motion to reconsider, finding that the habeas
action is completely separate from any bankruptcy proceedings.
According to Judge Babcock, Mr. Gregory himself initiated the
habeas action to challenge his criminal conviction.

The case is JOHNNY BRETT GREGORY, Applicant, v. DEBORAH DENHAM,
Warden, Respondent, Civil Action No. 14-CV-02267-LTB, (D. Co.).

A full-text copy of Judge Babcock's Order dated June 24, 2015, is
available at http://is.gd/b7nfIlfrom Leagle.com.

Johnny Brett Gregory, Injured Party, Petitioner, Pro Se.


JW RESOURCES: Joshua Porter to Perform Duties for SCRB Properties
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Kentucky
appointed Joshua Porter as the individual designated to perform the
duties of SCRB Properties, Inc.

JW Resources Inc. is the parent and sole shareholder of SCRB
Properties, Straight Creek Coal Mining, Inc., SCRB Processing,
Inc.

                      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.


LIGHTSQUARED INC: Judge Hands Dish Victory in Suit Over Bid
-----------------------------------------------------------
Joseph Checkler, writing for Dow Jones' Daily Bankruptcy Review,
reported that Judge Elizabeth Gonzalez of Clark County District
Court in Las Vegas on July 16 handed a win to Dish Network Corp.
Chairman Charlie Ergen and the company's board of directors in a
shareholder lawsuit over Dish's 2013 bid for bankrupt wireless
venture LightSquared.

According to the report, Judge Gonzalez deferred the case to Dish's
own special litigation committee, a law clerk for the judge said.
That committee has already said the shareholder's claims should be
dismissed, although it faced allegations that it wasn't independent
enough to make an unbiased decision, the report related.

                      About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with
liquidity
and runway necessary to resolve its issues with the FCC.

Despite working diligently and in good faith, however,
LightSquared
and the lenders were not able to consummate a global restructuring
on terms acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the
financial
advisor.  Kurtzman Carson Consultants LLC serves as claims and
notice agent.

                          *     *     *

Bankruptcy Judge Shelley C. Chapman in late March 2015, approved
LightSquared Inc.'s Chapter 11 reorganization plan.  As previously
reported by The Troubled Company Reporter, the Debtors, in
December, filed a joint plan and disclosure statement, which
contemplate, among other things, (A) new money investments by the
New Investors in exchange for a combination of preferred and
common
equity, (B) the conversion of the Prepetition LP Facility Claims
into new second lien debt obligations, (C) the repayment in full,
in cash, of the Inc. Facility Prepetition Inc. Facility
NonSubordinated Claims immediately following confirmation of the
Plan, (D) the payment in full, in cash, of LightSquared's general
unsecured claims, (E) the provision of $1.25 billion in new money
working capital for the Reorganized Debtors, (F) the assumption of
certain liabilities, (G) the resolution of all inter-Estate
disputes, and (H) the contribution by Harbinger of the Harbinger
Litigations.


LOCATION BASED: Files Series A Pref. Stock Cert. of Designation
---------------------------------------------------------------
Upon approval by the Board of Directors, Location Based
Technologies, Inc. filed with the Secretary of State of the State
of Nevada a Certificate of Designation of Series A Preferred Stock
to designate 1 share of $.001 par value per share Series A
Preferred Stock of the Company.  The only right designated to the
Series A Preferred Stock is 51% of the total votes that are for an
amendment to the Company's Articles of Incorporation to increase
the number of authorized shares of common stock of the Company from
300,000,000 to 450,000,000 shares in order to meet existing
contractual and operational requirements.  Upon the increase in
authorized shares, Series A Preferred Stock automatically converts
into one share of Common Stock.

David M. Morse, the Company's president and chief executive
officer, was issued the sole share of the Series A Preferred Stock.
On July 13, 2015, upon recommendation and approval by the Board of
Directors of the Company, Mr. Morse, as the sole holder of the
Series A Preferred Stock, approved the Articles of Amendment.  As a
result, the Company now is authorized to issue a total of
450,000,000 shares of Common Stock.

                 About Location Based Technologies

Irvine, Calif.-based Location Based Technologies, Inc., designs,
develops, and sells leading-edge personal locator devices and
services.

Location Based reported a net loss of $5.14 million for the year
ended Aug. 31, 2014, compared to a net loss of $11.04 million for
the year ended Aug. 31, 2013.

As of Feb. 28, 2015, Location Based had $2.24 million in total
assets, $14.3 million in total liabilities, and a $12.02 million
total stockholders' deficit.

Friedman LLP, in East Hanover, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Aug. 31, 2014, citing that the Company's
operating losses raise substantial doubt about its ability to
continue as a going concern.

                        Bankruptcy Warning

"[W]e remain obligated under a significant amount of notes
payable, and Silicon Valley Bank has been granted security
interests in our assets.  If we are unable to pay these or other
obligations, the creditors could take action to enforce their
rights, including foreclosing on their security interests, and we
could be forced into liquidation and dissolution.  We are also
delinquent on a number of our accounts payable.  Our creditors may
be able to force us into involuntary bankruptcy," the Company
warned in the Fiscal 2014 Annual Report.


LSB INDUSTRIES: S&P Affirms 'B+' CCR & Revises Outlook to Stable
----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit rating on Oklahoma City-based LSB Industries Inc. and
revised the rating outlook to stable from positive.  At the same
time, S&P affirmed its 'B+' issue rating on the company's senior
secured notes.

"The outlook revision to stable reflects our view that the company
will not likely achieve credit measures over the next year that we
consider to be consistent with a "significant" financial risk
profile," said Standard & Poor's credit analyst Allison Czerepak.
"Despite benign industry conditions, the company's earnings for
2014 were hurt by plant shutdowns, and LSB did not make as full and
sustainable of a recovery from these operational problems as we
previously expected," she added.

Despite weaker expectations for 2015 as the company ramps up to
bring its El Dorado ammonia expansion online, S&P expects FFO to
debt to be in the 12% to 20% range and debt to EBITDA to be below
5x over the next year or so.  The expansion facility nearly doubles
ammonia capacity and S&P assumes a consequent boost to EBITDA in
2016.

The stable outlook on LSB reflects S&P's expectation that the
company's credit measures will improve over the next 12 months to a
level that supports an "aggressive" financial risk profile.  The
company has been experiencing slightly weaker performance due to
sluggish recovery for the company's past operational difficulties
and the large capital investment associated with the expansion of
the El Dorado plant.  Despite this temporary weakening of credit
measures, S&P expects the company to improve FFO to debt in the 12%
to 20% and debt to EBITDA of below 5x as the company fully operates
its new plant expansion.  S&P's ratings assume no change to the
company's business risk profile.  S&P will review ratings if the
company decides to split its businesses in 2016, following the
outcome of an ongoing strategic discussion at the company.

S&P could lower the ratings if meaningful operating problems
reoccur at any of the company's facilities over the next year.  In
this scenario, S&P believes FFO to debt would not improve to 12% in
2016.  S&P could also lower the rating if the company requires
additional debt, either because of unexpected cost overruns or
additions to its capital spending plan, which would limit its
ability to reduce leverage over the next year.

S&P could raise the ratings if all of the company's chemical
facilities produce with minimal unscheduled downtime over the next
year and the company's nitrogen-based end markets remain relatively
favorable.  To raise the ratings, S&P would also expect no
significant increases to the company's capital spending plan, or
increased debt to fund further growth or returns to shareholders.
In this scenario, S&P would expect FFO to debt to approach 20% and
debt to EBITDA to remain below 4x.  S&P will review the company's
strategic plans including possible plans to split the company's
businesses in 2016 before considering an upgrade.


METALICO INC: Carlos Aguero Inks Deal to Vote for TML Merger
------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Carlos E. Aguero disclosed that as of June 15, 2015,
he beneficially owned 5,295,957 shares of common stock of Metalico,
Inc., which represents 7.18 percent of the shares outstanding.

The holdings disclosed in the Schedule 13D have been acquired by
Mr. Aguero incrementally since 1997 and have previously been
reported on Schedule 13G as amended from time to time and are being
reported hereunder solely because the Reporting Person may have
been deemed to have transferred beneficial ownership of such common
stock by virtue of having entered into a voting agreement as of
June 15, 2015, in connection with a merger agreement.

On June 15, 2015, Metalico, Total Merchant Limited and TM Merger
Sub Corp., a Delaware corporation and a wholly owned subsidiary of
TML ("Merger Sub"), entered into an Agreement and Plan of Merger.
Pursuant to the terms of the Merger Agreement, and subject to the
conditions thereof, Merger Sub will merge with and into the Issuer,
and the Issuer will become a wholly owned subsidiary of TML.

In connection with the Merger Agreement and in consideration
thereof, the Reporting Person and the Issuer entered into the
Voting Agreement, dated as of June 15, 2015, with Total Merchant
Limited, whereby, the Reporting Person agreed, among other things,
to vote his shares of the Issuer's common stock in favor of the
approval of the Merger Agreement and the Merger and against the
approval of any Takeover Proposal.  The Reporting Person also
granted TML or its designees an irrevocable proxy granting TML the
right to vote the Voting Shares with respect to the covered
matters.  TML did not pay additional consideration to the Reporting
Person in connection with the execution and delivery of the Voting
Agreement.

A copy of the regulatory filing is available for free at:

                        http://is.gd/NnIKrq

                           About Metalico

Metalico, Inc., is a holding company with operations in two
principal business segments: ferrous and non-ferrous scrap metal
recycling, and fabrication of lead-based products.  The Company
operates recycling facilities in New York, Pennsylvania, Ohio,
West Virginia, New Jersey, Texas, and Mississippi and lead
fabricating plants in Alabama, Illinois, and California.
Metalico's common stock is traded on the NYSE MKT under the symbol
MEA.

Metalico reported a net loss attributable to the Company of $44.4
million on $476 million of revenue for the year ended Dec. 31,
2014, compared with a net loss attributable to the Company of $34.8
million on $457 million of revenue for the year ended
Dec. 31, 2013.

As of March 31, 2015, the Company had $191 million in total assets,
$83.1 million in total liabilities and $108 million in total
stockholders' equity.

CohnReznick LLP, in Roseland, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company anticipates that it
will not meet the maximum Leverage Ratio covenant as prescribed by
the Financing Agreement for the quarter ended March 31, 2015, and
there can be no assurance that the Company can resolve any
noncompliance with their lenders.  As a result, the Company's debt
could be declared immediately due and payable which would result in
the Company having insufficient liquidity to pay its debt
obligations and operate its business.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


METALICO INC: Special Meeting Scheduled for Sept. 11
----------------------------------------------------
The Board of Directors of Metalico, Inc. has scheduled a special
meeting of stockholders for 8:30 a.m. Friday, Sept. 11, 2015, at
the offices of the Company's counsel, Lowenstein Sandler LLP, at 65
Livingston Avenue, Roseland, New Jersey.  

The purpose of the Special Meeting is (1) to consider and vote on a
proposal to adopt the Agreement and Plan of Merger, dated as of
June 15, 2015, by and among Total Merchant Limited, TM Merger Sub
Corp. and the Company, as amended and as such agreement may be
further amended from time to time; and (2) to approve a proposal to
adjourn the Special Meeting if there are insufficient votes to
adopt the Merger Agreement as amended at the time of the Special
Meeting.

Previously the Board had set and announced a record date of
July 24, 2015, for the Special Meeting.  Stockholders of record as
of the close of business on the Record Date will be eligible to
vote at the Special Meeting.

Under the terms of forbearance agreements between the Company and
its senior secured lenders, the Company had been obligated to
obtain shareholder approval and to consummate the merger
contemplated under the Merger Agreement by Aug. 31, 2015.  As a
result of the Sept. 11, 2015, meeting date, the lenders have agreed
to extend the forbearance period, and the date for receipt of
stockholder approval and a closing of the transaction, to
Sept. 16, 2015.  Under the terms of the Merger Agreement, Parent's
consent is a condition to amendments to the forbearance
agreements.

As of July 16, 2015, the parties to the Merger Agreement as amended
are in compliance with its terms.

                          About Metalico

Metalico, Inc., is a holding company with operations in two
principal business segments: ferrous and non-ferrous scrap metal
recycling, and fabrication of lead-based products.  The Company
operates recycling facilities in New York, Pennsylvania, Ohio,
West Virginia, New Jersey, Texas, and Mississippi and lead
fabricating plants in Alabama, Illinois, and California.
Metalico's common stock is traded on the NYSE MKT under the symbol
MEA.

Metalico reported a net loss attributable to the Company of $44.4
million on $476 million of revenue for the year ended Dec. 31,
2014, compared with a net loss attributable to the Company of $34.8
million on $457 million of revenue for the year ended
Dec. 31, 2013.

As of March 31, 2015, the Company had $191 million in total assets,
$83.1 million in total liabilities and $108 million in total
stockholders' equity.

CohnReznick LLP, in Roseland, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company anticipates that
it will not meet the maximum Leverage Ratio covenant as prescribed
by the Financing Agreement for the quarter ended March 31, 2015,
and there can be no assurance that the Company can resolve any
noncompliance with their lenders.  As a result, the Company's debt
could be declared immediately due and payable which would result in
the Company having insufficient liquidity to pay its debt
obligations and operate its business.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


MILACRON HOLDINGS: Moody's Hikes Corporate Family Rating to 'B2'
----------------------------------------------------------------
Moody's Investors Service upgraded Milacron Holdings Corp.'s
Corporate Family Rating (CFR) to B2 from B3 and the Probability of
Default rating to B2-PD from B3-PD based on the anticipation that a
significant amount of proceeds from the company's recent initial
public offering (IPO) will be used for secured debt reduction.
Moody's also upgraded Milacron LLC's senior secured term loan to
Ba3 from B2 as well as the senior unsecured notes to Caa1 from
Caa2. The two-notch upgrade of the term loan reflects a combination
of the CFR upgrade and the reduction in the mix of secured debt
relative to loss-absorbing unsecured debt. At the same time, a
Speculative Grade Liquidity rating of SGL-3 was assigned. The
rating outlook is stable.

The upgrade reflects the expected meaningful decrease in
debt-to-EBITDA and cash interest expense as a result of the
anticipated debt pay down, and Moody's expectation that leverage
will remain below 6x over the next 12-18 months. Milacron's June
2015 IPO netted approximately $263 million in total proceeds. Per
the prospectus, the use of proceeds was limited to debt reduction
with the possible term loan pay down ranging from the $263 million
raised to approximately $248 million after netting out a possible
$15 million repayment of the asset-based revolver (ABL). Moody's
notes that a prepayment even at the low end of this range is
sufficient enough to warrant the upgrade to B2.

Moody's took the following rating actions:

Ratings upgraded:

Milacron Holdings Corp.:

-- Corporate Family Rating, to B2 from B3

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

Milacron LLC (Co-Issued by Mcron Finance Corp):

-- Senior Unsecured Notes, to Caa1 (LGD5) from Caa2 (LGD5)

Milacron LLC:

-- Senior Secured Term Loan B, to Ba3 (LGD3) from B2 (LGD3)

Rating assigned:

Milacron Holdings Corp.:

-- Speculative Grade Liquidity, at SGL-3

Rating outlook is Stable

RATINGS RATIONALE

Milacron's B2 CFR reflects the company's moderate size, modest free
cash flow and vulnerability to cyclical client spending on capital
plastic processing equipment and related products. The rating is
supported by a large installed base of equipment, diversified
product mix within the plastic processing business equipment market
and adequate liquidity position. Although Milacron serves a diverse
collection of end-markets, demand will continue to be affected by
cyclical trends in client capital expenditures, industrial
production and construction activity. The company remains exposed
to event risk related to acquisitions and the roughly 75% remaining
ownership by affiliates of private equity firm CCMP Capital
Advisors, LLC (CCMP) and the Alberta Investment Management
Corporation (AIMC). Moody's believes that the likelihood of
additional debt-funded dividends is considerably lower following
the IPO, but facilitating the exits of CCMP and AIMC could result
in debt-funded share repurchases.

Milacron's margins have significantly improved since the operations
were acquired out of bankruptcy in 2009. This has developed as a
result of stronger volumes and capacity utilization, the
acquisition of the higher-margin Mold-Masters business and
restructuring initiatives, which have boosted profitability and
lowered the fixed cost structure. Ongoing actions to achieve
further synergies and operating efficiencies are expected to
improve profitability as well as broaden the company's penetration
into less cyclical end-markets and product and service offerings.
Free cash flow will be constrained through 2015 by higher working
capital needs and the capital investment required for restructuring
its European manufacturing footprint.

The Speculative Grade Liquidity rating of SGL-3 represents an
adequate liquidity profile supported by a cash balance in the $60 -
$70 million range, breakeven-to-modestly positive free cash flow
for the next 12 -- 18 months and a protracted debt maturity
profile. A majority of the cash is held outside of the US and
repatriating would result in some tax leakage. The company has a
$125 million ABL (not rated) expiring in October 2019 that Moody's
views as modest in relation to the revenue base. Availability is
split between US ($80 million), Canadian (equivalent of $20
million) and German (equivalent of $25 million) operations. While
no material borrowings are anticipated, there are approximately $15
million of letters of credit issued against the commitment and
similar facilities have been utilized in the past to support
working capital. The ABL has a springing minimum fixed charge
covenant when availability falls below the greater of 12.5% of the
maximum commitment and $13.8 million. Moody's does not expect
borrowings will exceed the covenant trigger over the next 12-18
months. The company's secured term loan and unsecured notes do not
contain any financial maintenance covenants.

Substantially all of the borrower's and guarantor's domestic assets
are pledged to creditors. Minor credit arrangements in
international operations also involve collateral. This limits
capacity to arrange alternate liquidity. While Moody's is not aware
of any plans to do so, Milacron's Cimcool unit appears to be
separable from the larger plastics technologies businesses and
could be monetized at some point.

The stable rating outlook reflects prospects for sustained revenue
growth and profitability earned across diverse end-markets. The
capital goods sector remains cyclical but the shorter life-cycle of
Mold-Masters' products and their stronger growth prospects reduces
variability in Milacron's operations. In addition, the high
percentage of consumable revenues provides some degree of revenue
visibility/predictability. Moody's also expects that ongoing
facility consolidation and cost-saving initiatives will improve
margins in the latter half of 2015 and beyond. The stable outlook
is further supported by adequate liquidity.

An upgrade beyond B2 in the next 12 to 18 months is not anticipated
at this time. However, continued improvement in revenue mix that
lessens cyclicality, significantly higher margins stemming from
cost savings and higher manufacturing capacity utilization and
debt-to-EBITDA below 4.75x could lead to an upgrade. The ratings
would face downward pressure if debt-to-EBITDA returned above 6x
for an extended period of time or the company experienced a marked
deterioration in EBITA-to-interest coverage. Similarly, a material
decline in revenue, EBITA margin erosion or a sustained weakening
of free cash flow or liquidity could adversely affect the ratings.

Milacron Holdings Corp., through its wholly-owned subsidiary,
Milacron LLC, produces equipment and supplies used in
plastics-processing as well as premium fluids used in metalworking.
Headquartered in Cincinnati, Ohio, the company had revenues of
approximately $1.2 billion in 2014.


MILAGRO HOLDINGS: Meeting to Form Creditors' Panel Set for July 30
------------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on July 30, 2015, at 10:00 a.m. in the
bankruptcy case of Milagro 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.


MISSISSIPPI PHOSPHATES: Has Deal to Sell Assets to Pay Lenders, EPA
-------------------------------------------------------------------
Mississippi Phosphates Corporation and its affiliated debtors ask
the U.S. Bankruptcy Court for the Southern District of Mississippi
to approve its stipulation and settlement agreement with Phosphate
Holdings, Inc., STUW LLC, the Environmental Protection Agency, and
the Mississippi Department of Environmental Quality.

The Proposed Settlement Agreement, in general terms, provides:

   (a) either (i) a sales process for all or substantially all of
the assets of the bankruptcy estates, including but not limited to
the phosphogypsum stacks and related process water management
system to a qualified buyer whose bid includes a component
providing for at least $15,000,000 cash consideration to be paid to
the Lender Parties for their collateral in addition to any other
consideration or liabilities assumed or paid by the proposed
purchaser, as well as the assumption of environmental liabilities
to the Environmental Agencies related to the Debtors' assets; or,
(ii) an alternative transaction providing for a transfer of the
assets of the bankruptcy estates to two trusts (the Liquidation
Trust and Environmental Trust) one of which, the Liquidation Trust,
receives substantially all assets other than the Gyp Stacks to
market for sale with a distribution structure for sales proceeds
for payment of the claims of the Lenders, for funding Environmental
Actions taken by the Environmental Trust, and for distribution to
the bankruptcy estates;

   (b) up to $6,000,000 in DIP/Exit Obligations by the Post-
Petition Lenders for the Debtors' operations and waste water
processing through the Sale Deadline or Closing Date, as
applicable;

   (c) a distribution structure for the proceeds of the BP Claim or
Protective Claim to the Lenders, the Environmental Trust and the
bankruptcy estates; and

   (d) a covenant not to sue or assert any civil claims or causes
of action or to take administrative action against the Lender
Parties, and PHI, as well as certain officers, directors and
employees of the Debtors.

Stephen W. Rosenblatt, Esq., at Butler Snow LLP, in Ridgeland,
Mississippi, tells the Court that the terms of the Settlement
Agreement have a sound business purpose and represent the exercise
of sound business judgment.  Mr. Rosenblatt further tells the Court
that given the Debtors' lack of liquidity, as well as the interests
of all creditors in an expeditious process, the terms of the
proposed Settlement Agreement are reasonable and appropriate under
the circumstances.

Mississippi Phosphates Corporation and its affiliated debtors are
represented by:

          Stephen W. Rosenblatt, Esq.
          Christopher R. Maddux, Esq.
          Paul S. Murphy, Esq.
          J. Mitchell Carrington, Esq.
          Thomas M. Hewitt, Esq.
          BUTLER SNOW LLP
          1020 Highland Colony Parkway, Suite 1400
          Ridgeland, MS 39157
          Telephone: (601)985-4504
          Facsimile: (601)985-4500
          Email: Steve.Rosenblatt@butlersnow.com
                 Chris.Maddux@butlersnow.com
                 Paul.Murphy@butlersnow.com
                 Mitch.Carrington@butlersnow.com
                 Thomas.Hewitt@butlersnow.com

                About Mississippi Phosphates

Mississippi Phosphates Corporation is a major United States
producer and marketer of diammonium phosphate ("DAP"), one of the
most common types of phosphate fertilizer. MPC, which is a Delaware
corporation formed in October 1990, owns a DAP facility in

Pascagoula, Mississippi, which was acquired from Nu-South, Inc. in
its 1990 bankruptcy. Phosphate rock, the primary raw material used
in the production of DAP, is being supplied by OCP S.A., a
corporation owned by the Kingdom of Morocco.



The parent, Phosphate Holdings, Inc., was formed in December 2004
in connection with the bankruptcy reorganization of MPC and its
then-parent Mississippi Chemical Corporation, the first fertilizer
cooperative in the United States.



As of Oct. 27, 2014, MPC had a work force of 250 employees, broken
into 224 regular employees and 26 "nested" third-party contract
employees.



MPC and its subsidiaries, namely Ammonia Tank Subsidiary, Inc., and
Sulfuric Acid Tanks Subsidiary, Inc., sought Chapter 11 bankruptcy
protection (Bankr. S.D. Miss. Lead Case No. 14-51667) on Oct. 27,
2014. Judge Katharine M. Samson is assigned to the cases.



Mississippi Phosphates disclosed $98.8 million in assets and $141
million plus an unknown amount in liabilities. Affiliates Ammonia
Tank and Sulfuric Acid Tanks each estimated $1 million to $10
million in both assets and liabilities.



Jonathan J. Nash -- jonnash@deloitte.com -- is the CRO and
Robert
P. Kerley --r.kerley@missphosphates.com -- is the CFO of
the Debtors.



The Debtors have tapped Butler Snow LLP as counsel and Sandler
O'Neill + Partners, L.P., as investment banker.  The official
committee of unsecured creditors tapped Burr & Forman LLP as its
counsel and Capstone/BRG as financial advisor.  The lender parties
tapped Haynes and Boone, LLP, and Byrd & Wiser, as attorneys.




MMRGLOBAL INC: Stockholders Elect Two Directors to Board
--------------------------------------------------------
MMRGlobal, Inc., held its 2015 annual meeting on July 15, 2015, at
which the stockholders Bernard Stolar and Mike Finley as Class II
directors to serve for a term of three years, with such term
expiring upon the 2018 Annual Meeting of Stockholders or until
their respective successors are duly elected and qualified.  The
appointment of Rose Snyder & Jacobs as the Company's independent
registered public accounting firm for the fiscal year ending
Dec. 31, 2015, was also ratified.

                          About MMRGlobal

Los Angeles, Calif.-based MMR Global, Inc. (OTC BB: MMRF)
-- http://www.mmrglobal.com/-- through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc., provides secure and easy-to-
use online Personal Health Records (PHRs) and electronic safe
deposit box storage solutions, serving consumers, healthcare
professionals, employers, insurance companies, financial
institutions, and professional organizations and affinity groups.

MMRGlobal reported a net loss of $2.18 million on $2.57 million of
total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $7.63 million on $587,000 of total revenues for the
year ended Dec. 31, 2013.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
significant operating losses and negative cash flows from
operations during the years ended Dec. 31, 2014, and 2013.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


MONAKER GROUP: Delays May 31 Form 10-Q Filing
---------------------------------------------
Monaker Group, Inc. filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the period ended
May 31, 2015.  The Company said it was not able to obtain all
information prior to filing date and its accountant could not
complete the required financial statements by July 15, 2015.

                        About Monaker Group

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

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

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

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


MUSCLEPHARM CORP: Consac LLC Reports 10.9% Stake as of June 26
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Consac, LLC disclosed that as of June 26, 2015, it
beneficially owned 1,499,408 shares of common stock of
MusclePharm Corp. which represents 10.9 percent of the shares
outstanding.

Ryan Drexler, president and sole owner of the Reporting Person, may
be deemed to be the indirect beneficial owner of the Common Stock
that the Reporting Person beneficially owns.  Mr. Drexler has the
sole power to direct the voting and disposition of Common Stock
that Consac beneficially owns.

"The Reporting Person intends to review the investment in the
Issuer on a continuing basis, and to the extent permitted by law,
may seek to engage in discussions with other stockholders and/or
with management and the board of the Issuer concerning the
business, operations or future plans of the Issuer.  Depending on
various factors, including, without limitation, the Issuer's
financial position, the price levels of the shares of Common Stock,
condition in the securities markets and general economic and
industry conditions, the Reporting Person may, in the future take
such actions with respect to the investment in the Issuer as deemed
appropriate including, without limitation, purchasing additional
shares of Common Stock, selling shares of Common Stock, engaging in
short selling of or any hedging or similar transaction with respect
to the Common Stock," the Reporting Person stated in the regulatory
filing.

A copy of the Schedule 13D/A is available at http://is.gd/4WmpN1

                        About MusclePharm

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

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

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


N-VIRO INTERNATIONAL: Accepts Resignations of Two Directors
-----------------------------------------------------------
At a meeting of the Board of Directors on July 9, 2015, N-Viro
International Corporation accepted the resignations of James H.
Hartung and Thomas L. Kovacik, according to a Form 8-K document
filed with the Securities and Exchange Commission.  

Messrs. Hartung and Kovacik were not re-elected to a two year term
at the Company's annual meeting of stockholders held in November
2014.  Mr. Hartung was the Company's Chairman of the Board and a
member of the Compensation and Nominating Committees.  Mr. Kovacik
was a member of the Compensation and Technology Committees.  The
Company's Chief Executive Officer, Mr. Timothy R. Kasmoch, was
appointed as interim Chairman of the Board until a replacement can
be appointed.  Mr. Gene Richard has assumed oversight duties of Mr.
Kasmoch's expenses during this time.

Also at the board meeting on July 9, 2015, the Company appointed
Mr. Martin S. Jaskel to its Board of Directors as a Class II
Director, effective until the Company's annual meeting to be held
in 2017.  Mr. Jaskel has not yet been appointed to any committees
as of the date of this filing.

Mr. Jaskel is currently a director with European American Capital
Services, Ltd., of London, England, an FSA authorized and regulated
specialized advisory bank, and has over 40 years of involvement in
the financial services industry.  He began in the United Kingdom
government bond market as a broker with leading firms, latterly as
a Partner in W. Greenwell & Co.  In 1988 he was appointed Director
of Global Sales and Marketing of Midland Montagu Treasury, and in
1990 was appointed Director of Global Sales at NatWest Treasury and
was promoted to Managing Director of Global Trade and Banking
Services in 1994.  He sat on the advisory board of ECGD, the UK
export-import bank, and on several government and Bank of England
advisory boards.  In 1997 he founded a financial services
consultancy, which included KPMG Corporate Finance and the
corporate FX division of Travelex PLC, and an interim appointment
as the Managing Director of a private real estate company with a
£500m portfolio.  In 2005 he joined European American Capital
Services, Ltd.  He has wide experience as a non-executive Director
of both European public and private companies, and is a 1967
Economics graduate of the University of Manchester, England.

Mr. Jaskel is also a member of the Advisory Board of N-Viro Energy
Limited, the Company's development and capital-sourcing entity
headquartered in the UK.  At present, NVIC holds 45% of the Class C
voting shares that select directors for Limited.  Michael P.
Burton-Prateley, who is also one of the Company's board members, is
the beneficial owner of 20% of Limited Class C stock and one of
their Directors.  The initial Directors of Limited include Timothy
R. Kasmoch and Robert W. Bohmer, the Company's executive vice
president.

                    About N-Viro International

Toledo, Ohio-based N-Viro International Corporation owns and
sometimes licenses various N-Viro processes and patented
technologies to treat and recycle wastewater and other bio-organic
wastes, utilizing certain alkaline and mineral by-products
produced by the cement, lime, electrical generation and other
industries.

N-Viro International reported a net loss of $1.76 million on $1.33
million of revenues for the year ended Dec. 31, 2014, compared to a
net loss of $1.64 million on $3.37 million of revenues for the year
ended Dec. 31, 2013.

As of March 31, 2015, the Company had $1.87 million in total
assets, $2.41 million in total liabilities and a $543,000 total
stockholders' deficit.

UHY LLP, in Farmington Hills, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's recurring losses,
negative cash flow from operations and net working capital
deficiency raise substantial doubt about its ability to continue as
a going concern.


NATIONAL TELECOM: Files for Bankruptcy; Creditor's Meeting July 27
------------------------------------------------------------------
National Telecommunications Inc., formerly carrying on business at
101 Innovation Drive, Unit #3 in Vaugan, Ontario, filed for
bankruptcy on July 10, 2015, in Canada. The first meeting of
creditors will be held on July 27, 2015, at 11:30 a.m., at the
offices of Industry Canada, Office of the Superintendent of
Bankruptcy, 25 St. Clair Avenue East, 6th Floor in Toronto,
Canada.

Deloitte
181 Bay Street, Suite 1400
Attenttion: Stefano Damiani, CPA, CA, CIRP
Tel: (416) 874-4404
Fax: (416) 601-6690
Email: sdamiani@deloitte.ca


NAVISTAR INTERNATIONAL: Faces Lawsuit Over Clean Air Act Violation
------------------------------------------------------------------
The U.S. Department of Justice on behalf of the U.S. Environmental
Protection Agency filed a lawsuit against Navistar International
Corporation on July 14, 2015, in the U.S. District Court for the
Northern District of Illinois alleging that during 2010 the Company
introduced into commerce approximately 7,750 heavy-duty diesel
engines that did not meet the EPA's emissions standards applicable
to 2010 engines, resulting in violations of the federal Clean Air
Act.  The lawsuit requests injunctive relief and the assessment of
civil penalties of up to $37,500 per day for each violation.  The
Company disputes the allegations in the lawsuit.

           Shareholder Litigation Partially Dismissed

The Court issued its Opinion and Order on the Company's Motion to
Dismiss the Defendants' Second Amended Complaint in the 10b-5 Cases
on July 10, 2015.  The Motion to Dismiss was granted in part and
denied in part.  Specifically, the Court (i) dismissed all of
plaintiff's claims against the Company, Andrew J. Cederoth and Jack
Allen and (ii) dismissed all of plaintiffs' claims against Daniel
C. Ustian, the only remaining defendant, except for claims
regarding two of Mr. Ustian's statements.  Further, all of the
dismissed claims were dismissed with prejudice except for claims
based on statements made subsequent to the lead plaintiff’s last
purchase of the Company's stock.  The Court determined the lead
plaintiff lacked standing to assert the Post-Purchase Claims and
dismissed those claims without prejudice.

In March 2013, a putative class action complaint, alleging
securities fraud, was filed against the Company by the Construction
Workers Pension Trust Fund - Lake County and Vicinity, on behalf of
itself and all other similarly situated purchasers of its common
stock between the period of Nov. 3, 2010, and Aug. 1, 2012.  A
second class action complaint was filed in April 2013 by the
Norfolk County Retirement System, individually and on behalf of all
other similarly situated purchasers of the Company's common stock
between the period of June 9, 2010, and Aug. 1, 2012.  A third
class action complaint was filed in April 2013 by Jane C. Purnell
FBO Purnell Family Trust, on behalf of itself and all other
similarly situated purchasers of the Company's common stock between
the period of Nov. 3, 2010, and Aug. 1, 2012.  Each complaint named
the Company as well as Daniel C. Ustian, the Company's former
president and chief executive officer, and Andrew J. Cederoth, the
Company's former executive vice president and chief financial
officer as defendants.  These complaints (collectively, the "10b-5
Cases") contain similar factual allegations which include, among
other things, that the Company violated the federal securities laws
by knowingly issuing materially false and misleading statements
concerning its financial condition and future business prospects
and that the Company misrepresented and omitted material facts in
filings with the SEC concerning the timing and likelihood of EPA
certification of the Company's EGR technology to meet 2010 EPA
emission standards.

                   About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose
subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

Navistar International reported a net loss attributable to the
Company of $619 million for the year ended Oct. 31, 2014, compared
to a net loss attributable to the Company of $898 million for the
year ended Oct. 31, 2013.

                          *     *     *

In the Oct. 9, 2013, edition of the TCR, Moody's Investors Service
affirmed the ratings of Navistar International Corp., including the
'B3' corporate family rating.  The ratings reflect Moody's
expectation that Navistar's successful incorporation of Cummins
engines throughout its product line up will enable the company to
regain lost market share, and that progress in addressing component
failures in 2010 vintage-engines will significantly reduce warranty
expenses.

As reported by the TCR on Oct. 9, 2013, Standard & Poor's Ratings
Services lowered its long-term corporate credit rating on Navistar
International to 'CCC+' from 'B-'.  "The rating downgrades reflect
our increased skepticism regarding NAV's prospects for achieving
the market shares it needs for a successful business turnaround,"
said credit analyst Sol Samson.

In January 2013, Fitch Ratings affirmed the issuer default ratings
for Navistar International at 'CCC' and removed the negative
outlook on the ratings.  The removal reflects Fitch's view that
immediate concerns about liquidity have lessened, although
liquidity remains an important rating consideration as NAV
implements its selective catalytic reduction engine strategy.


NEIGHBORS' CONSEJO: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Neighbors' Consejo
        3118 16th Street, NW
        Washington, DC 20010

Case No.: 15-00373

Chapter 11 Petition Date: July 16, 2015

Court: United States Bankruptcy Court
       District of Columbia (Washington, D.C.)

Judge: Hon. Martin S. Teel, Jr.

Debtor's Counsel: Kermit A. Rosenberg, Esq.
                  BAILEY & EHRENBERG, PLLC
                  1015 18th Street, NW, Suite 204
                  Washington, DC 20036
                  Tel: 202-350-4670
                  Fax: 202-318-7071
                  Email: krosenberg@becounsel.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Glenda Rodriguez, executive director.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/dcb15-00373.pdf


NEONODE INC: To Issue 2.1 Million Shares Under Incentive Plan
-------------------------------------------------------------
Neonode, Inc. filed a Form S-8 registration statement with the
Securities and Exchange Commission to register 2,100,000 shares of
common stock issuable under the Company's 2015 stock incentive
plan.  The proposed maximum aggregate offering price is $6.3
million.  A copy of the prospectus is available at:

                        http://is.gd/UXe8bQ

                         About Neonode Inc.

Lafayette, Calif.-based Neonode Inc. (OTC BB: NEON)
-- http://www.neonode.com/-- provides optical touch screen
solutions for hand-held and small to midsize devices.

Neonode reported a net loss of $14.2 million in 2014, a net loss of
$13.08 million in 2013 and a net loss of $9.28 million in 2012.

As of March 31, 2015, the Company had $8.19 million in total
assets, $6.39 million in total liabilities and $1.79 million in
total stockholders' equity.


NORTHLAKE MOVING: Case Summary & 2 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Northlake Moving and Storage, Inc.
        P. O. Box 1446
        Covington, LA 70433

Case No.: 15-11783

Chapter 11 Petition Date: July 16, 2015

Court: United States Bankruptcy Court
       Eastern District of Louisiana (New Orleans)

Judge: Hon. Elizabeth W. Magner

Debtor's Counsel: Phillip K. Wallace, Esq.
                  PHILLIP K. WALLACE, PLC
                  4040 Florida Street, Suite 203
                  Mandeville, LA 70448
                  Tel: (985) 624-2824
                  Fax: (985) 624-2823
                  Email: PhilKWall@aol.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Larry D. Terrell, president.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/laeb15-11783.pdf


OXYSURE SYSTEMS: Faces Lawsuit Over Preferred Stock Issuance
------------------------------------------------------------
OxySure Systems, Inc., on June 30, 2015, issued $2.7 million in
its convertible preferred stock ("Series C, Series D and Series E
Preferred Stock") and $.3 million in two convertible notes.  

On July 14, 2015, a lawsuit was filed by Alpha Capital Anstalt
against OxySure and Adar Bays LLC, Union Capital LLC, JSJ
Investments LLC, Group 10 Holdings LLC, and Macallan Partners LLC
in the United States District Court for the Southern District of
New York.  The Plaintiff is one of the holders of the Company's
Series B convertible preferred stock.  The Plaintiff claims that
the issuance of the Series C, D and E Preferred Stock and of the
Convertible Notes without allowing the Plaintiff the opportunity to
invest constitutes, and that conversions of the Series, C, D and E
Preferred Stock and of the Convertible Notes into the Company's
common stock could constitute, a breach of contract under the terms
of the Series B Preferred Stock and the terms of the stock purchase
agreements pursuant to which the Plaintiff acquired its Series B
Preferred Stock.  The Plaintiff asks for preliminary and permanent
injunctive relief and monetary damages.  

On July 16, 2015, the Court, upon hearing oral arguments from the
Company and the Plaintiff and ruling from the bench, denied the
Plaintiff's preliminary injunctive relief.  The Company believes it
has meritorious defenses to the remainder of the claims in this
Lawsuit and intends to vigorously contest it.

                       About OxySure Systems

Frisco, Tex.-based OxySure Systems, Inc. (OTC QB: OXYS) is a
medical technology company that focuses on the design, manufacture
and distribution of specialty respiratory and emergency medical
solutions.  The company pioneered a safe and easy to use solution
to produce medically pure (USP) oxygen from inert powders.  The
Company owns nine issued patents and patents pending on this
technology which makes the provision of emergency oxygen safer,
more accessible and easier to use than traditional oxygen
provision systems.

As of March 31, 2015, the Company had $2.18 million in total
assets, $1.63 million in total liabilities, and $557,000 in total
stockholders' equity.

Oxysure Systems reported a net loss of $2.75 million in 2014
following a net loss of $712,000 in 2013.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company had accumulated losses of $18.0 million as of Dec. 31, 2014
which raises substantial doubt about its ability to continue as a
going concern.


PATRIOT COAL: Federal Complex Excluded in Sale to Blackhawk
-----------------------------------------------------------
Patriot Coal Corporation, et al.'s possible sale of operating
assets to Blackhawk Mining LLC doesn't include certain assets of
the Debtors, including the Debtors' Federal Complex -- the Federal
No. 2 longwall mine, a 1,350 TPH preparation plant, and certain
related assets.

The Hon. Keith L. Phillips of the U.S. Bankruptcy Court for the
Eastern District of Virginia entered on June 25, 2015, an order --
a copy of which is available for free at http://is.gd/rnlp5a--
approving the bidding procedures and bid protections in connection
with the sales of a substantial majority of the Debtors' operating
assets.

The Debtors sought the Court's authorization on June 3, 2015,
saying that the Debtors, in consultation with their advisors, have
determined that a transaction or series of transactions whereby the
Debtors sell substantially all of their assets is likely to
maximize the value of the Debtors' estates for their stakeholders.
Blackhawk will acquire the Panther, Rock Lick, Wells, Kanawha
Eagle, Midland Trail/Blue Creek, Paint Creek and Logan County
(limited to Stanley Fork, Cub Branch and the Franco preparation
plant and load-out) complexes and all Controlled River Docks.
Additionally, Blackhawk will acquire certain other non-mining
assets.  

Blackhawk will purchase the assets for the following consideration:
(1) from the proceeds of new first lien credit facilities comprised
of an estimated $634 million first lien term loan, a new ABL and a
first lien L/C facility, to be incurred by post closing Blackhawk
and allocated as follows: (i) replacement in full of Blackhawk's
existing funded debt of up to $300 million with the first lien term
loans; (ii) replacement of up to $109 million of indebtedness under
Patriot's existing DIP facility with first lien term loans; and
(iii) replacement of approximately $237 million of (a) existing
drawn L/Cs with first lien term loans and (b) existing undrawn L/Cs
with new letters of credit issued under the first lien L/C
facility; (2) Post closing Blackhawk issuing to holders of (i)
existing Patriot senior secured term loan (up to $247 million) and
(ii) existing Patriot second lien PIK note (up to $50 million), up
to $297 million of Second Lien PIK Loan; and
(3) post closing Blackhawk issuing Class B membership interests
to the holders (or affiliated entities) of the Patriot second lien
PIK notes.  The closing must occur no later than September 25,
2015.

The Debtors engaged in prepetition marketing of the Federal Complex
and determined at that time, in consultation with their lenders and
advisors, to defer the sale of the Federal Complex until after the
filing of these chapter 11 cases.  The Debtors do not yet have a
stalking horse candidate for the sale of the Federal Complex.

A copy of the Debtors' sale motion is available for free at:

                        http://is.gd/LMjJ1R

In the court order dated June 25, 2015, Sept. 4, 2015, at 5:00
p.m., prevailing Eastern Time is approved as the deadline by which
all bids for the Debtors' assets must be submitted.  An auction
will be held on Sept. 9, 2015, at 10:00 a.m., prevailing Eastern
Time.

In the event that the Debtors don't receive any qualified bids and
no auction will be held, Blackhawk will be deemed the winning
bidder for the Blackhawk assets, and the Federal Stalking Horse
Bidder, if any, will be deemed the winning bidder for the Federal
assets.

If the Blackhawk APA is terminated and the Debtors consummate the
applicable alternative transaction, then the Debtors will pay
Blackhawk $12 million.  If by Sept. 9, 2015, Blackhawk doesn't
demonstrate financing commitments to provide the consideration that
are required under the Blackhawk APA that are either acceptable to
the Debtors or determined by the Court to be sufficient, then the
Break-Up Fee will be reduced to $6 million.  

The U.S. Trustee for Region 4, objected to the sale motion,
claiming that the procedures proposed in the bidding procedures
motion would likely chill the bidding process and discourage
potential bidders from participating in the sale process, thus
preventing the Debtors from maximizing the value of the estate
assets.  A copy of the objection is available for free at:
http://is.gd/HfkVPl

The Official Committee of Unsecured Creditors also filed an
objection -- a copy of which is available for free at
http://is.gd/LlJOcM-- saying that the auction process and bidding
procedures were inadequate as proposed and would impede the
Debtors' ability to run a competitive sale process if
approved.  

The sale motion also met objections from the United Mine Workers of
America, Daniels Electric, Inc., Natural Resource Partners L.P.,
WPP LLC, and ACIN LLP, Shonk Land Company, LLC, and Realco Limited
Liability Company, the United States -- on behalf of the United
States Department of Labor, Office of Workers' Compensation
Programs, Division of Coal Mine Workers' Compensation -- Lexon
Insurance Co. and Bond Safeguard Insurance Co., Deutsche Bank AG
New York Branch, Barclays Bank PLC, and Federal Insurance Company.

On June 22, 2015, the Debtors filed an omnibus reply to the
objections, saying that the objections consistently lament that the
sale process is too fast, the bid protections too rich, and the
stalking horse too uncertain.  A copy of the reply is available for
free at http://is.gd/jm9s6F

On June 22, the majority secured lenders also filed a statement
saying that they support the Blackhawk transaction, so do
most other holders of first lien term loans.  The Majority Secured
Lenders are certain funds and accounts managed or advised by
Knighthead Capital Management, LLC, certain funds and accounts
managed or advised by Caspian Capital LP, Davidson Kempner Capital
Management LP, on behalf of funds and accounts managed by it
(including Midtown Acquisitions L.P.), and Hudson Bay Absolute
Return Credit Opportunities Master Fund Ltd, which are the debtor
in possession facility lenders, and also who hold or manage
accounts that hold a majority of the Debtors' outstanding first
lien term loans and second lien notes.

The Debtors advised that, on or around June 25, 2015, they would
file the final form of an asset purchase agreement setting forth
the proposed terms of a sale of certain of the Debtors' assets to
Blackhawk.  The Debtor filed the Asset Purchase Agreement on June
22, 2015.

On July 1, 2015, the Committee filed a motion for court order
confirming that section 1102(b)(3)(A) of the U.S. Bankruptcy Code
does not authorize or require the Committee to provide access to
confidential information, the Committee confidential information or
privileged information to any creditor in these cases, and (b)
instituting procedures for the disclosure of confidential
information to third-parties who request the information.  Deadline
to file objections on the motion is July 23, 2015.  A hearing, to
the extent an objection is filed, is set for July 13, 2015, at
10:00 a.m.

                        About Patriot Coal

Patriot Coal Corporation is a producer and marketer of coal in the
United States.  Patriot and its subsidiaries control 1.4 billion
tons of proven and probable coal reserves -- including owned and
leased assets in the Central Appalachia basin (in West Virginia and
Ohio) and Southern Illinois basin (in Kentucky and Illinois) and
their operations consist of eight active mining complexes in West
Virginia.

Patriot Coal first sought Chapter 11 protection on July 9, 2012,
and, on Dec. 18, 2013, won approval of its bankruptcy-exit plan
from the U.S. Bankruptcy Court for the Eastern District of
Missouri.  The plan turned over most of the ownership of the
company to bondholders that include New York hedge fund Knighthead
Capital Management LLC.  The linchpins of the plan were a global
settlement among the Debtors, the United Mine Workers of America,
and two third parties -- Peabody Energy Corporation and Arch Coal,
Inc. -- and a commitment by a consortium of creditors, led by
Knighthead, to backstop two rights offerings that funded the plan.

Patriot Coal Corporation and its subsidiaries commenced new Chapter
11 cases (Bankr. E.D. Va. Lead Case No. 15-32450) in Richmond,
Virginia, on May 12, 2015.  The cases are assigned to Judge Keith
L. Phillips.

The Debtors tapped Kirkland & Ellis LLP as counsel; Kutak Rock
L.L.P., as co-counsel; Centerview Partners LLC as investment
bankers; Alvarez & Marsal North America, LLC, as restructuring
advisors; and Prime Clerk LLC, as claims and administrative agent.

The U.S. trustee overseeing the Chapter 11 case of Patriot Coal
Corp. appointed seven creditors of the company to serve on the
official committee of unsecured creditors.

Patriot Coal estimated more than $1 billion in assets and debt.


PATRIOT COAL: Mine Workers Oppose Proposed Employee Bonuses
-----------------------------------------------------------
Sherri Toub and Bill Rochelle, bankruptcy columnists for Bloomberg
News, reported that a mine workers' union doesn't want Patriot Coal
Corp. to pay select employees millions in bonuses when the union's
constituents face "huge uncertainty" and job, benefit and pension
losses.

According to the report, representing more than 2,500 active and
laid-off workers at Patriot's mining complexes, the union urged the
bankruptcy judge in Richmond, Virginia, to deny Patriot's request
to pay bonuses of as much as $3.5 million to five senior-level
executives and about $2.9 million to 47 other workers, complaining
that the bonus plans fail to properly incentivize participants to
achieve significant value-enhancing performance and comply with
safety and environmental regulations.

A hearing to consider approval of the bonus plans is scheduled for
July 22.

                        About Patriot Coal

Patriot Coal Corporation is a producer and marketer of coal in the
United States.  Patriot and its subsidiaries control 1.4 billion
tons of proven and probable coal reserves -- including owned and
leased assets in the Central Appalachia basin (in West Virginia
and
Ohio) and Southern Illinois basin (in Kentucky and Illinois) and
their operations consist of eight active mining complexes in West
Virginia.

Patriot Coal first sought Chapter 11 protection on July 9, 2012,
and, on Dec. 18, 2013, won approval of its bankruptcy-exit plan
from the U.S. Bankruptcy Court for the Eastern District of
Missouri.  The plan turned over most of the ownership of the
company to bondholders that include New York hedge fund Knighthead
Capital Management LLC.  The linchpins of the plan were a global
settlement among the Debtors, the United Mine Workers of America,
and two third parties -- Peabody Energy Corporation and Arch Coal,
Inc. -- and a commitment by a consortium of creditors, led by
Knighthead, to backstop two rights offerings that funded the plan.

Patriot Coal Corporation and its subsidiaries commenced new
Chapter
11 cases (Bankr. E.D. Va. Lead Case No. 15-32450) in Richmond,
Virginia, on May 12, 2015.  The cases are assigned to Judge Keith
L. Phillips.

The Debtors tapped Kirkland & Ellis LLP as counsel; Kutak Rock
L.L.P., as co-counsel; Centerview Partners LLC as investment
bankers; Alvarez & Marsal North America, LLC, as restructuring
advisors; and Prime Clerk LLC, as claims and administrative agent.

The U.S. trustee overseeing the Chapter 11 case of Patriot Coal
Corp. appointed seven creditors of the company to serve on the
official committee of unsecured creditors.

Patriot Coal estimated more than $1 billion in assets and debt.

                        *     *     *

Patriot Coal on June 3 disclosed that it has filed with the
Bankruptcy Court a letter of intent for a proposed sale of a
substantial majority of its operating assets to Blackhawk Mining,
LLC, as well as a motion outlining bidding procedures.  The
contemplated transaction would be consummated pursuant to a
Chapter
11 plan and is subject to documentation of a definitive asset
purchase agreement, bankruptcy court approval of the sale,
confirmation of a Chapter 11 plan, and other customary conditions.

Patriot's mining operations and customer shipments will continue
in
the ordinary course during the sale process.

Under the terms of the letter of intent, Blackhawk would issue to
Patriot's secured lenders new debt securities totaling
approximately $643 million plus Class B Units providing them an
ownership stake in Blackhawk.  In addition, Blackhawk would assume
or replace surety bonds supporting reclamation and related
liabilities associated with the purchased assets.


PEABODY ENERGY: Debt Trades at 18% Off
--------------------------------------
Participations in a syndicated loan under which Peabody Energy
Power Corp is a borrower traded in the secondary market at 82.00
cents-on-the- dollar during the week ended Friday, July 10, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in the July 14, 2015 edition of The Wall Street Journal.
This represents a decrease of 0.44 percentage points from the
previous week, The Journal relates. Peabody Energy Power Corp pays
325 basis points above LIBOR to borrow under the facility.  The
bank loan matures on September 20, 2020, and carries Moody's Ba3
rating and Standard & Poor's BB+ rating.  The loan is one of the
biggest gainers and losers among 256 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday.



PEDRO LOPEZ MUNOZ: Court Won't Review Denial of Trustee Appointment
-------------------------------------------------------------------
Judge Edward A. Godoy of the United States Bankruptcy Court for the
District of Puerto Rico denied United Surety & Indemnity Company's
motion for reconsideration of the order denying its motion for
summary judgment on its request for the appointment of a Chapter 11
trustee for Pedro Lopez Munoz.

The court refused to appoint summarily a Chapter 11 trustee case
given that USIC's request is based on allegations of fraud and
dishonesty in which the Debtor's intent may be at issue.  In
denying the motion for reconsideration, Judge Godoy found that even
if the debtor had not filed any opposition to the motion for
summary judgment, which he did, the court cannot automatically
enter summary judgment because USIC failed to show that it is
entitled to it.  USIC's statement of uncontested material facts in
support of summary judgment  proposes, as uncontested, facts that
have to do with the debtor's intent and are at the heart of its
request for the appointment of a chapter 11 trustee, Judge Godoy
said.

The bankruptcy case is IN RE: PEDRO LÓPEZ MUÑOZ, Chapter 11,
Debtor, CASE NO. 13-08171 EAG (Bankr. D.P.R.).

A full-text copy of Judge Godoy's Opinion and Order dated July 8,
2015, is available at http://is.gd/2TIfqafrom Leagle.com.


PLATTE RIVER: Northstar Bank's Motion for Abstention Granted
------------------------------------------------------------
Judge Howard R. Tallman of the United States Bankruptcy Court for
the District of Colorado, at the behest of Northstar Bank of
Colorado, abstains from hearing the adversary complaint filed by
Platte River Bottom, LLC, against the bank.

According to Judge Tallman, under the facts of the case, largely
because of the history of proceedings in the state court,
abstention would be appropriate even in the absence of any
possibility that filing the adversary case represents an exercise
in forum shopping.  But the strong suggestion of a forum shopping
motive that arises from the circumstances of this case reinforces
the Court's conviction that abstention is required and serves the
interests of comity and respect for state law, Judge Tallman
concluded.

Judge Tallman also grants relief from the automatic stay to
Northstar Bank and to Advantage Bank to the extent necessary to
fully liquidate all of their claims against the Debtor and to seek
determinations of all ownership rights to and security interests in
property of the bankruptcy estate.

The bankruptcy case is In re: PLATTE RIVER BOTTOM, LLC, et al.,
Chapter 11, Debtors, Case No.: 13-13098 (Bankr. D. Colo.).

The adversary proceeding is PLATTE RIVER BOTTOM, LLC, Plaintiff, v.
ADVANTAGE BANK, et al., Defendants, HRT, Adversary No. 14-1231 HRT,
(D. Colo.).
A full-text copy of Judge Tallman's Order date June 23, 2015,
available at http://is.gd/jllXfWfrom Leagle.com.

                        About Platte River

Greeley, Colorado-based Platte River Bottom, LLC, sought protection
under Chapter 11 of the Bankruptcy Code on March 5, 2013 (Bankr. D.
Colo., Case No.: 13-13098).  The case is assigned to Judge Howard
R. Tallman.

The Debtor's counsel is Jeffrey Weinman, Esq., at Weinman &
Associates, P.C., in Denver, Colorado.


QUANTUM CORP: Announces Preliminary Fiscal First Quarter Results
----------------------------------------------------------------
Quantum Corp. announced preliminary results for the fiscal first
quarter 2016 ended June 30, 2015.

The Company's total revenue was approximately $111 million, down
from $128 million a year earlier and below the Company's
May guidance of $125 million to $130 million.  Quantum's scale-out
storage and related service revenue grew year-over-year by
approximately $10 million, or 54 percent, and royalty revenue
increased approximately $1 million.  However, this growth was
offset by product and related service revenue declines of
approximately $15 million in branded tape automation, $7 million in
branded devices and media and $6 million in OEM tape sales.  DXi
product and related service revenue was roughly flat
year-over-year.  Quantum believes the lower-than-expected total
revenue was largely due to overall weakness in the general-purpose
storage market, as also indicated by other companies' announcements
over the last two weeks.

The lower revenue also impacted Quantum's bottom line, resulting in
a GAAP net loss of approximately $11 million for the quarter and a
non-GAAP net loss of approximately $7 million.

"We're pleased with our continued growth and momentum in scale-out
storage but found the overall storage environment particularly
challenging toward the end of the quarter," said Jon Gacek,
president and CEO of Quantum.  "Most notably, the market for data
protection in IT data centers was especially soft, as customers
seemed to pull back on planned purchases and pricing for low-margin
devices and media was under significant pressure.  Based on
discussions we've had with partners and announcements by other
storage providers, we believe the pull back in planned purchases
was consistent with a broader industry trend.  At the same time, we
see significant opportunities for upside in scale-out storage that
could more than offset weakness elsewhere, and we remain focused on
meeting our annual financial targets announced in May. We will
provide more detailed financial results for the fiscal first
quarter and further discuss the market environment and our outlook
in our earnings announcement at the end of the month."

    Earnings Conference Call and Audio Webcast Notification

Quantum will issue a news release on its fiscal first quarter
financial results on Thursday, July 30, 2015, after the close of
the market.  The Company will also hold a conference call and live
audio webcast to discuss these results that same day at 2:00 p.m.
PDT.  Press and industry analysts are invited to attend in
listen-only mode.

Dial-in number: 719-325-2420 (U.S. and International); Access Code
7608393
Replay number: 719-457-0820 (U.S. and International); Access Code
7608393
Replay expiration: Tuesday, Aug. 4, 2015, at 5:00 p.m. PDT
Webcast site: www.quantum.com/investors

                        About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.

Quantum reported net income of $16.7 million on $553 million of
total revenue for the year ended March 31, 2015, compared to a net
loss of $21.5 million on $553 million of total revenue for the year
ended March 31, 2014.

As of March 31, 2015, the Company had $359 million in total assets,
$419 million in total liabilities and a $60.4 million stockholders'
deficit.


QUEST SOLUTION: Adds Capital Markets Executive to Board
-------------------------------------------------------
Quest Solution, Inc., announced the appointment of Austin W. Lewis,
IV to the Company's Board as an independent director effective July
15, 2015.

Mr. Lewis founded and currently serves as portfolio manager at
Lewis Asset Management, a New-York based investment firm that has
invested more than $100 million in microcap technology companies.
Prior to this, Lewis actively managed a technology-based hedge fund
for Puglisi and Company where he also structured investments into
publicly traded companies.

"Austin brings a wealth of technology and financial industry
expertise to Quest Solution and I am delighted to welcome him to
the Board," stated Mr. Tom Miller, Quest Solution chairman and
chief executive officer.  "Austin's experience and insights will be
extremely valuable to Quest Solution as we continue to grow and
develop our offerings.  We are actively exploring opportunities to
expand our Board of Directors over the coming months with
individuals like Austin who have demonstrated strong executive
leadership with a proven history of success.  Having the wise
counsel of a variety of leaders will help us take Quest Solution to
the next level."

"I am excited about the opportunity to work with Tom and his team,"
commented Mr. Lewis.  "As a leader in their marketspace, Quest
Solution is developing a brand and reputation for innovative
enterprise mobility solutions that sets them apart from their
competitors.  I look forward to being a part of the Company's
evolution."

With the addition of Mr. Lewis, Quest Solution's Board of Directors
consists of Tom Miller, chairman and chief executive officer of
Quest Solution, Inc.; Robert F. Shephard, president and chief
executive officer of Jenesey, Inc.; and Ian McNeil, principal of
McNeil Consulting Group, LLC.  Three of the four board members are
independent of Quest Solution.

In connection with his appointment to the Board, Mr. Lewis will
receive (i) $3,000 per quarter as Board compensation and (ii)
36,000 stock options granted at the Company's current stock price,
which vest over a three-year term.

                        About Quest Solution

Quest Solution (formerly known as Amerigo Energy, Inc.) is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.

Quest Solution reported net income of $302,000 on $37.3 million of
total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $1.12 million on $4,070 of total revenues for the year
ended Dec. 31, 2013.

As of March 31, 2015, the Company had $33.4 million in total
assets, $32.6 million in total liabilities and $791,000 in total
stockholders' equity.


RESIDENTIAL CAPITAL: 3rd Party Suit vs Parent Partially Dismissed
-----------------------------------------------------------------
Judge Martin Glenn of the United States Bankruptcy Court for
Southern District of New York granted in part and denied in part a
motion to dismiss a third-party complaint filed by Liebert
Corporation, et al., against Ally Financial, Inc., parent of
Residential Capital LLC.

The ResCap Liquidating Trust filed an adversary proceeding against
Liebert Corporation, Emerson Network Power, and Liebert Services,
Inc., seeking to avoid and recover approximately $800,000 of
allegedly preferential transfers under Sections 547 and 550 of the
Bankruptcy Code.  The Liebert Parties then filed a third-party
action against the Debtor's parent company, Ally Financial, Inc.,
for breach of contract.  AFI filed a motion to dismiss the
third-party complaint.

Judge Glenn concluded that the Third-Party Release bars the Liebert
Parties' claim against AFI arising under Section 502(h) to the
extent the Liebert Parties performed services for the Debtors, and
to that extent, the Motion is granted.  The Third-Party Complaint
also alleges, however, that with respect to one AFI facility, the
Liebert Parties performed services for AFI pursuant to the parties'
contracts. The Third-Party Release does not apply to such services,
and to that extent, the Motion is denied.

The Motion is granted to the extent it seeks to dismiss the Liebert
Parties' Third-Party Complaint arising from any section 502(h)
claim that the Liebert Parties may assert in the event an avoidance
judgment is entered against the Liebert Parties based on work
performed for any of the Debtors. The Motion is denied to the
extent that an avoidance judgment is entered against the Liebert
Parties for work they performed on any AFI facility for which
payment was made to the Liebert Parties by any of the Debtors. The
Court must accept the well-pleaded allegations of the Complaint as
true in considering whether the Third-Party Complaint sufficiently
alleges that services were rendered by the Liebert Parties on
behalf of AFI and/or the Debtors. The Court concludes that the
Complaint sufficiently alleges that the Liebert parties performed
services on an AFI facility.

The bankruptcy case is In re: RESIDENTIAL CAPITAL, LLC, et al.,
Chapter 11 Debtors, Case No. 12-12020 (MG)(Bankr. S.D.N.Y.).

The adversary proceeding is RESCAP LIQUIDATING TRUST, Plaintiff, v.
LIEBERT CORPORATION, and EMERSON NETWORK POWER, LIEBERT SERVICES,
INC., Defendants. LIEBERT CORPORATION, and EMERSON NETWORK POWER,
LIEBERT SERVICES, INC., Third-Party Plaintiffs, v. ALLY FINANCIAL,
INC., Third-Party Defendant, ADV. PROC. NO. 14-01969 (MG),
(S.D.N.Y.).

A full-text copy of Judge Glenn's Memorandum Opinion and Order
dated June 2, 2015, is available at http://is.gd/xVQazpfrom
Leagle.com.

Justin R. Bernbrock, Esq. -- justin.bernbrock@kirkland.com -- of
Kirkland & Ellis LLP serves as counsel for Third-Party Defendant.

Benjamin F. Mann, Esq. -- benjamin.mann@huschblackwell.com -- of
Husch Blackwell LLP serves as counsel for Third-Party Plaintiffs.

                        About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012. Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is the
conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion. The
Bankruptcy Court in November 2012 approved ResCap's sale of its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


ROBERT W. BUECHEL: District Court Affirms Disciplinary Sanctions
----------------------------------------------------------------
Judge Gonzalo P. Curiel of the United States District Court for the
Southern District of California affirmed the disciplinary sanctions
ordered by a bankruptcy court against Robert W. Buechel in his
second Chapter 13 proceeding.

The case is IN RE ROBERT W. BUECHEL AND CARI DONAHUE, Appellants,
v. THOMAS H. BILLINGSLEA, JR., CHAPTER 13 TRUSTEE, Appellee, Case
No.: 14CV2179-GPC (NLS), BANKRUPTCY CASE NO. 14-4191-LT, (S.D.
Calif.).

A full-text copy of Judge Curiel's Order dated June 23, 2015, is
available at http://is.gd/iGsZ21from Leagle.com.

Cari Donahue, Esq. -- cari@westsidelaw.org -- of WESTSIDE LAW APC
serves as counsel for Appellants.

Jenny Judith Hayag, Esq. -- Hajjlaw@yahoo.com -- and Thomas H.
Billingslea, Jr., Esq., serve as counsel for Thomas H. Billingslea,
Jr., Office of Thomas H. Billingslea, Jr., Chapter 13 Trustee.

K Todd Curry, Esq., of Curry Advisors, A Professional Law
Corporation serves as counsel for Appellee Anne Dierickx.


ROCKWELL MEDICAL: Files Preliminary Form S-1 Prospectus with SEC
----------------------------------------------------------------
Rockwell Medical, Inc. filed a Form S-3 registration statement with
the Securities and Exchange Commission relating to the sale
of its common stock from time to time in one or more offerings, in
amounts, at prices and on terms determined at the time of any such
offering.  The proposed maximum aggregate offering price is $200
million.

The Company may offer and sell these securities to or through one
or more underwriters, dealers and agents, or directly to
purchasers, on a continuous or delayed basis.

The specific terms of any securities to be offered will be
described in a supplement to this prospectus.

The Company's common stock is listed on the Nasdaq Global Market
and traded under the symbol "RMTI."  On May 21, 2015, the closing
sale price of the Company's common stock on Nasdaq was $10.31 per
share.

A copy of the Registration Statement is available at:

                         http://is.gd/9vX3kS

                           About Rockwell

Rockwell Medical, Inc. (Nasdaq: RMTI), headquartered in Wixom,
Michigan, is a fully-integrated biopharmaceutical company
targeting end-stage renal disease ("ESRD") and chronic kidney
disease ("CKD") with innovative products and services for the
treatment of iron deficiency, secondary hyperparathyroidism and
hemodialysis (also referred to as "HD" or "dialysis").

Rockwell's lead investigational drug is in late stage clinical
development for iron therapy treatment in CKD-HD patients.  It is
called Soluble Ferric Pyrophosphate ("SFP").  SFP delivers iron to
the bone marrow in a non-invasive, physiologic manner to
hemodialysis patients via dialysate during their regular dialysis
treatment.

Rockwell reported a net loss of $21.3 million in 2014, a net loss
of $48.8 million in 2013 and a net loss of $54.02 million in 2012.

As of March 31, 2015, the Company had $97.2 million in total
assets, $10.3 million in total liabilities, all current, $19.0
million in deferred license revenue, and $67.8 million in total
shareholders' equity.


RUE21 INC: Moody's Hikes Corporate Family Rating to 'B3'
--------------------------------------------------------
Moody's Investors Service upgraded rue21, inc.'s Corporate Family
Rating to B3 from Caa1 and Probability of Default Rating to B3-PD
from Caa1-PD. In conjunction with the rating action, Moody's also
upgraded the company's Senior Secured Term Loan B due 2020 to B2
from B3 and senior unsecured notes due 2021 to Caa2 from Caa3. The
ratings outlook is stable.

"The upgrade reflects the reduction in adjusted debt due to changes
in Moody's approach for capitalizing operating leases," said
Moody's Analyst, Mike Zuccaro. The updated approach for standard
adjustments for operating leases is explained in the cross-sector
rating methodology Financial Statement Adjustments in the Analysis
of Non-Financial Corporations, published on June 15, 2015. Zuccaro
added "The upgrade also considers our expectation for continued
modest improvement in operating performance and credit metrics as
the company continues to focus on investing in profitable store
growth, improved marketing and managing inventory levels. These
initiatives, when combined with ongoing store conversions to
include rue-plus and rueGuy, have resulted in three consecutive
quarters of same store sales and double-digit revenue growth."

The following ratings were upgraded:

-- Corporate Family Rating to B3 from Caa1

-- Probability of Default Rating to B3-PD from Caa1-PD

-- Senior secured term loan due 2020 to B2 (LGD 3) from B3
    (LGD 3)

-- Senior unsecured notes due 2021 to Caa2 (LGD 5) from Caa3
    (LGD 5)

Outlook: Stable

RATINGS RATIONALE

rue21's B3 Corporate Family Rating reflects the company's high debt
load, which stems from the October 2013 acquisition of the company
by Apax Partners L.P. and subsequent weak sales performance. While
having improved over the past year, lease-adjusted Debt/EBITDAR
(including leases capitalized at 5x), remains high at 6.3 times for
the twelve months ended May 2, 2015. Given the discretionary nature
of rue21's product and pressures facing the company's lower income
target customer, leverage is likely to remain elevated over the
near-to-intermediate term. The rating also reflects the company's
small relative scale in terms of revenue and the moderate degree of
differentiation within the highly competitive and fragmented 'fast
fashion' industry.

The rating is supported by adequate liquidity, including the
expectation for modest positive free cash flow augmented by the
discretionary nature of growth capital spending, largely undrawn
capacity under its $150 million asset-based ("ABL") revolving
credit facility due 2018, lack of financial maintenance covenants,
and the lack of any near-term maturities in its capital structure.
The rating also considers Moody's expectation that rue21 will
continue its positive same store sales and margin improvement trend
through disciplined new store openings, the growth of its
e-commerce website, store remodels and reconfigurations, and the
continued diversification of its product offering through its rue+
plus sizes and rueGuy store conversions.

The stable outlook reflects Moody's expectation for continued
modest operating performance and credit metric improvement over the
near-to-intermediate term, and the company will maintain an
adequate liquidity profile.

Ratings could be upgraded if rue21 maintains profitable growth
while demonstrating the willingness and ability to sustainably
reduce debt and maintain debt/EBITDA below 6.0x and interest
coverage above 1.25x. The company would also need to maintain good
liquidity, including positive annual free cash flow.

Ratings could be downgraded if positive trends in same store sales
were to sustainably reverse, resulting in a deterioration in debt
protection measures or liquidity, particularly if free cash flow
turned negative. Credit metrics include debt/EBITDA sustained above
6.5 times and interest coverage remaining below one time.

rue21, inc. is a value-focused retailer of teen apparel,
accessories and footwear. The company operated 1,133 stores in 47
states, and generated nearly $1.1 billion in revenue for the twelve
months ended May 2, 2015. The company is wholly owned by Apax
Partners L.P. following the acquisition on October 10, 2013.


SADLER CLINIC: Non-party's Bid to Quash Subpoena Granted
--------------------------------------------------------
Magistrate Judge David L. Horan of the United States District Court
for Northern District of Texas, Dallas Division, granted motion to
quash subpoena filed by Angelica Textile Services, Inc.

HCAPS Conroe and Sadler Clinic, PLLC, and Montgomery County
Management Company, LLC entered into various agreements related to
the medical practice at Conroe Regional Medical Center in Conroe,
Texas, but, on May 30, 2012, HCAPS Conroe notified the Debtors that
those agreements were terminated.  On June 15, 2012, the Debtors
each filed voluntary petitions for relief under the Bankruptcy
Code.  The Debtors filed an adversary proceeding against, among
other entities and individuals, HCAPS Conroe.  The parties in that
adversary proceeding entered into a settlement agreement, which the
Bankruptcy Court granted.  

The Chapter 11 case was converted to Chapter 7 of the Bankruptcy
Code and Allison D. Byman was appointed Chapter 7 Trustee.  The
Trustee filed an adversary proceeding against Angelica for alleged
preferential fraudulent transfer under Section 547 of the
Bankruptcy Code and constructive fraudulent transfer under Section
548 for prepetition payments made to Angelica between March and
April 2012.  Angelica served a subpoena on HCAPS Conroe, which is
not a party to the proceeding, requiring a Federal Rule of Civil
Procedure 30(b)(6) deposition.

Magistrate Horan granted the motion to quash subpoena, holding that
HCAPS Conroe is not a party to the adversary proceeding and has
shown that Angelica's subpoena commanding deposition testimony and
document production requires HCAPS Conroe to comply beyond Rule
45(c)'s geographical limits.

The case is IN RE: HCAPS CONROE AFFILIATION INC., Plaintiff, v.
ANGELICA TEXTILE SERVICES INC., Defendants, Case No.
3:15-MC-60-N-BN, (N.D. Tex.).

A full-text copy of Judge Horan's Memorandum Opinion and Order
dated June 22, 2015, is available at http://is.gd/HFO1Bofrom
Leagle.com.

James Wetwiska, Esq. -- jwetwiska@akingump.com -- of Akin Gump
Strauss Hauer & Feld serves as counsel for In Re, HCAPS Conroe
Affiliation Inc.

                        About Sadler Clinic PLLC

Sadler Clinic PLLC and Montgomery County Management Company, LLC
filed voluntary chapter 11 petitions for relief (Bankr. S.D. Tex.
Case Nos. 12-34546 and 12-34547) on June 15, 2012.  Bankruptcy
Judge Karen K. Brown oversaw the case.

The Debtors operate a multi specialty physician clinic known as
Sadler Clinic.  Sadler Clinic was founded in 1958 by Dr. Deane
Sadler, Dr. Irving Watson and Dr. Walter Wilkerson.  

The Debtors prepared a restructuring plan but was unable to obtain
support of a plan from Hospital Corporation of America.  The
Debtors intended for an orderly liquidation in filing for
bankruptcy.

Jason M. Rudd, Esq., and Kyung Shik Lee, Esq., at Diamond McCarthy,
L.L.P., preside over the case.  

Montgomery County Management estimated $10 million to $50 million
in both assets and debts.  Sadler Clinic estimated $1 million to
$10 million in both assets and debts.

The petitions were signed by John T. Young, Jr., chief
restructuring officer.


SANTA CRUZ BERRY: Show Cause Motion Hearing Continued to Aug. 13
----------------------------------------------------------------
Santa Cruz Berry Farming Company, LLC, asks the  U.S. Bankruptcy
Court for the Northern District of California, San Jose Division,
to direct Tom Lange Company International, Inc., to file a show
cause in relation to its failure to turn over postpetition
collateral proceeds in the amount of $48,397.

Tom Lange Company, Inc., has notified the Court of its intent to
turn over to the Debtor's estate the Net Postpetition Collateral
Proceeds, but, according to the Debtor's counsel, Thomas A. Vogele,
Esq., at Thomas Vogele & Associates, APC, in Costa Mesa,
California, Lange failed and refused to turnover postpetition
payments.

Mr. Vogele relates that on May 23, 2015, Santa Cruz Berry shipped
and Lange sold 3,845 boxes of conventional and 7,082 boxes of
certified organic strawberries to Lange's buyers.  Under the terms
of the Marketing Agreement, Lange was obligated to turn over the
net proceeds -- $140,544.68, after materials and commission are
reimbursed to Lange -- to Santa Cruz Berry by May 28, 2015.  Mr.
Vogele asserts that those funds, as the profits from prepetition
services performed by the debtor, Santa Cruz Berry, are rightly
property of the bankruptcy estate.

Mr. Vogele further relates that on May 30, 2015, Santa Cruz Berry
shipped and Lange sold 1,728 boxes of conventional and 1,624 boxes
of certified organic strawberries to Lange's buyers.  Lange was
obligated to turn over the net proceeds -- $30,565, after materials
and commission are reimbursed to Lange -- to Santa Cruz Berry by
June 4, 2015.  He asserts that those funds, as the profits from
post-petition services performed by the debtor, Santa Cruz Berry,
are likewise property of the bankruptcy estate.

In a stipulation, dated July 8, 2015, Lange and the Debtor told the
Court that they agreed to continue the hearing on Lange's the Show
Cause Motion to August 13, 2015.  The Debtor said that based on
recent operations, it can now satisfy all immediate obligations
pursuant to a revised budget.  The continued hearing will give the
Parties additional time to analyze, and hopefully resolve, the Stay
Motion.

Santa Cruz Berry Farming Company, LLC is represented by:

          Thomas A. Vogele, Esq.
          Timothy M. Kowal, Esq.
          Brendan M. Loper, Esq.
          THOMAS VOGELE & ASSOCIATES, APC
          3199 Airport Loop Road, Suite A-3
          Costa Mesa, CA 92626
          Telephone: (714)641-1232
          Facsimile: (888)391-4105
          Email: tvogele@tvalaw.com
                 tkowal@tvalaw.com
                 bloper@tvalaw.com

Tom Lange Company, Inc. and Tom Lange Company International, Inc.
are represented by:

          William S. Brody, Esq.
          BUCHALTER NEMER APC
          1000 Wilshire Boulevard, Suite 1500
          Los Angeles, CA 90017
          Telephone: (213)891-0700
          Facsimile: (213)896-0400
          Email: wbrody@buchalter.com

             -- and --

          Joseph M. Welch, Esq.
          BUCHALTER NEMER APC
          18400 Von Karman Avenue, Suite 800
          Irvine, CA 92612-0514
          Telephone: (949)760-1121
          Facsimile: (949)720-0182
          Email: jwelch@buchalter.com

                  About Santa Cruz Berry

Watsonville, California-based Santa Cruz Berry Farming grows
conventional and organic strawberries.  The privately owned company
was founded by and is currently managed by Fritz Koontz.  Seven
Seas Berry Sales, a division of the Tom Lange Co., is the sales
agent for the Company.

Santa Cruz Berry Farming Company, LLC, and Corralitos Farms, LLC,
commenced Chapter 11 bankruptcy cases (Bankr. N.D. Cal. Case
Nos.
15-51771 and 15-51772) in San Jose, California, on May 25,
2015.

The Debtors tapped Thomas A. Vogele, Esq., at Thomas Vogele
and
Associates, APC, in Costa Mesa, California, as counsel.

The U.S. Trustee for Region 17 has appointed five members to the
official committee of unsecured creditors.


SEANERGY MARITIME: Posts $1 Million Net Loss for First Quarter
--------------------------------------------------------------
Seanergy Maritime Holdings Corp. reported a net loss of $1 million
on $0 of net vessel revenue for the three months ended March 31,
2015, compared to net income of $83.5 million on $2 million of net
vessel revenue for the same period in 2014.

As of March 31, 2015, the Company had $19.8 million in total
assets, $13.3 million in total liabilities and $6.5 million in
total stockholders' equity.

Stamatis Tsantanis, the Company's chairman & chief executive
officer, stated: "In the first quarter of 2015 we re-launched our
shipping operations with the acquisition of the Capesize M/V
Leadership, which we took delivery on March 19, 2015.  We believe
that the acquisition of the M/V Leadership took place at the low
part of the dry-bulk shipping cycle of the last 10-years.  In
addition, the Company is fully committed to its business plan,
which is to grow its fleet on a sustainable basis.  More
specifically, we are actively reviewing the market in order to
pursue suitable vessel acquisitions from both unaffiliated third
parties and from our Sponsor.

"The dry bulk market is gradually recovering from the low point of
the cycle of the last 30 years.  Our belief is that Seanergy
represents a unique platform and opportunity for growth in this
historic timing."

"Turning to the financial results, the Company ended the first
quarter of 2015 with $19.8 million in total assets, $6.5 million in
shareholders' equity and $1.8 million in cash and cash
equivalents."

First Quarter 2015 Developments:

Delivery of the 2001-built Capesize vessel

On March 19, 2015, the Company took delivery of the 2001-built
Capesize vessel from an unaffiliated third party that was renamed
Leadership.  The gross acquisition cost of the M/V Leadership was
$17.3 million that was financed by a senior secured bank loan and a
funding arrangement with our Sponsor.

Agreement for New Loan Facility

On March 6, 2015, the Company entered into an $8.75 million bank
loan facility to partly finance the acquisition of M/V Leadership.
The loan facility is repayable in twenty quarterly installments
plus a balloon installment and is secured by a first priority
mortgage over the vessel.

Entering into Funding Arrangement

On March 12, 2015, an entity affiliated with one of the Company's
Sponsor and a member of the management team agreed to provide $8.8
million to partly finance the acquisition of M/V Leadership and for
general corporate purposes.  The $4.8 million was contributed in
exchange for 26,667,500 common shares, which were issued on March
18, 2015.  The remaining amount was provided in the form of a
convertible promissory note issued on March 12, 2015.  The
purchasers of the newly issued shares have received customary
registration rights.  The transactions were approved by an
independent committee of the Company's Board of Directors, which
obtained fairness opinions from an independent financial firm.

Receipt of Nasdaq Notice

As previously announced, in January 2015, the Company received a
notification from the NASDAQ Stock Market, indicating that the
Company is not in compliance with Nasdaq Listing Rule 5550(a)(2)
because the closing share bid price was below the minimum $1.00 per
share requirement.  The Company has 180 days, or until
July 27, 2015, to regain compliance.  In case the Company does not
regain compliance within the aforementioned period it will be
eligible for an additional 180-day grace period.  The Company
intends to request the 180-days grace period since it is in
compliance with the continued listing requirement for market value
of publicly held shares and all other initial listing standards and
is considering its options, including effecting a reverse stock
split, if necessary, in order to regain compliance.  During this
time the Company's common stock will continue to be listed and
trade on NASDAQ and its business operations are not affected by the
receipt of the notification.

                           About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

Ernst & Young (Hellas) Certified Auditors-Accountants S.A., in
Athens, Greece, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that following the disposal of the Company's entire fleet in
early 2014 in the context of its restructuring plan, the Company
was unable to generate sufficient cash flow to meet its obligations
and sustain its continuing operations that raise substantial doubt
about the Company's ability to continue as a going concern.

As of Dec. 31, 2014, the Company had $3.26 million in total assets,
$592,000 in total liabilities, and $2.67 million in total
stockholders' equity.

The Company disclosed net income of $80.3 million on $2.01 million
of net vessel revenue for the year ended Dec. 31, 2014, compared
with net income of $10.9 million on $23.1 million of net vessel
revenue for the year ended Dec. 31, 2013.


SIGNAL INTERNATIONAL: July 22 Meeting Set to Form Creditors' Panel
------------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on July 22, 2015, at 10:00 a.m. in the
bankruptcy case of Signal International, Inc., 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.


SIGNAL INTERNATIONAL: Section 341 Meeting Scheduled for Aug. 13
---------------------------------------------------------------
A meeting of creditors of Signal International, Inc. has been set
for Thursday, Aug. 13, 2015, at 10:30 am, J. Caleb Boggs Federal
Building, 844 King Street, Wilmington, DE 19801, 5th Floor, Room
5209 Filed by United States Trustee.

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

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

                    About Signal International

Signal International Inc. -- http://www.signalint.com/-- primarily
engages in the business of offshore drilling rig overhaul, repair,
upgrade, and conversion, as well as new shipbuilding construction.
Additionally, Signal provides services to the general marine and
heavy fabrication markets for barges, power plants, and modular
construction.  

Signal International, LLC ("SI LLC"), was organized on Dec. 6,
2002, as a limited liability company after acquiring the assets of
the Offshore Division of Friede Goldman Halter from bankruptcy.  SI
Inc. was incorporated on Oct. 12, 2007, and began operations
with offshore fabrication and repair in Mississippi.  Today,
Signal's corporate headquarters are in Mobile, Alabama, with
operations in Alabama and Mississippi, and a sales office in
Texas.

On Oct. 3, 2014, Signal International Texas, L.P., sold
substantially all of its assets to Westport Orange Shipyard, LLC,
in a partially seller-financed transaction for a total purchase
price of $35,900,000.  As part of the transaction, Westport
provided a down payment of $7,000,000 and delivered a promissory
note in the principal amount of $28,900,000 to SI Texas due on or
before Oct. 3, 2019 (the "Texas Note").

On July 12, 2015, SI Inc. and its direct and indirect wholly owned
subsidiaries, including SI LLC, commenced cases under chapter 11 of
title 11 of the United States Code (Bankr. D. Del. Lead Case No.
15-11498).

The Debtors tapped Young Conaway Stargatt & Taylor LLP as
bankruptcy counsel, Hogan Lovells US LLP as general corporate
counsel, GGG Partners, LLC, as financial and restructuring
advisors, and Kurtzman Carson Consultants LLC as claims and
noticing agent.

Signal International Inc. estimated $10 million to $50 million in
assets and $50 million to $100 million in debt.


SOLAR POWER: Owns 71.9% Equity Stake in ZBB Energy
--------------------------------------------------
Solar Power, Inc. disclosed in a Schedule 13D filed with the
Securities and Exchange Commission that as of July 13, 2015, it
beneficially owned 100,000,000 shares of common stock of ZBB Energy
Corporation which represents 71.9 percent of the shares
outstanding.

Solar Power's ownership consists of (i) 8,000,000 shares of the
issuer's common stock issued to the reporting person on the date of
acquisition, (ii) 42,000,000 shares of the issuer's common stock
issuable upon the conversion of 28,048 shares of the issuer's
Series C Convertible Preferred Stock, assuming such preferred stock
is convertible within 60 days from the date of acquisition and
(iii) 50,000,000 shares of the issuer's common stock upon the
exercise of a warrant to purchase such amount of common stock,
assuming such warrant is exercisable within 60 days from the date
of acquisition.

The percentage was calculated based on 139,101,209 shares of the
issuer's common stock, representing (i) 39,101,209 shares of the
issuer's common stock outstanding as of May 12, 2015.

Solar Power said in the filing that it "intends to review its
equity interest in the Issuer on a regular basis and, as a result
thereof, may at any time or from time to time determine, either
alone or as part of a group, (a) to acquire additional securities
of the Issuer, through open market purchases, privately negotiated
transactions or otherwise, (b) to dispose of all or a portion of
the securities of the Issuer owned by it in the open market, in
privately negotiated transactions or otherwise, or (c) to take any
other available course of action.  Any such acquisition or
disposition or other transaction would be made in compliance with
all applicable laws and regulations.  Notwithstanding anything
contained herein, the Reporting Person specifically reserves the
right to change its intention with respect to any or all of such
matters.  In reaching any decision as to their course of action (as
well as to the specific elements thereof), the Reporting Person
currently expects that it would take into consideration a variety
of factors, including, but not limited to, the following: the
Issuer's business and prospects; other developments concerning the
Issuer and its businesses generally; other business opportunities
available to the Reporting Person; changes in law and government
regulations; general economic conditions; and money and stock
market conditions, including the market price of the securities of
the Issuer."

A copy of the regulatory filing is available at:

                       http://is.gd/c7aVmm

                         About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power reported a net loss of $5.19 million in 2014, a net
loss of $32.2 million in 2013 and a net loss of $25.4 million in
2012.

As of March 31, 2015, the Company had $649 million in total assets,
$379 million in total liabilities and $270 million in total equity.


STANDARD REGISTER: Court Okays Asset Sale to Taylor Corporation
---------------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware authorized the sale of substantially all of
The Standard Register Company, et al.'s assets free and clear of
all liens, claims, encumbrances and interests.  The Court approved
the asset purchase agreement.

A copy of the order is available for free at http://is.gd/A5LzGH

The objections of Chaotic Moon, LLC, International Paper Company,
Liberty Mutual Insurance Company, Salesforce.com, Inc., and Cisco
Systems Capital Corporation have been resolved.

In accordance with the sale procedures order, the Debtors commenced
an auction on June 15, 2015.  At the conclusion of the auction, the
Debtors selected Taylor Corporation as the successful bidder.  The
Court approved in a sale hearing held on June 17, 2015, the sale to
Taylor and instructed the buyer to submit a consensual form of the
sale order under certification of the counsel.  The revised sale
order was submitted on June 19, 2015.   A copy of the final asset
purchase agreement is available for free at http://is.gd/wexpRT.

The aggregate consideration for the sale, assignment, transfer,
conveyance and delivery of the assets to the buyer at the closing,
will consist of (i) cash consideration necessary to result in full
payment of (A) the DIP obligations, (B) pre-petition ABL debt, (C)
the first lien term loan facility and (D) the wind-down amount; and
(ii) the second lien credit bid.  

On March 11, 2015, the Debtors entered into the APA with a group
led by Standard Acquisition Holdings, LLC, the stalking horse
bidder and an affiliate of Silver Point Capital, L.P.  On March 12,
2015, the Debtors filed the sale motion which sought approval of
the Debtors' entry into the stalking horse APA and the procedures
for soliciting higher and better bids.  

On June 1, 2015, Avery Dennison Corporation, which sells label
stock and other goods to Standard Register, filed a limited
objection to the motion, and requested that: (1) the Debtors
confirm in any order that Section 2.3(iv) of the stalking horse APA
would apply to Avery Dennison's postpetition and its 503(b)(9)
claims and that Section 2.1(p) will apply to the Debtors' claims,
if any, against Avery Dennison; (2) Sections 2.3(iv) and 2.1(p)
remain unchanged regardless of the successful bid and successful
bidder at the Auction; and (3) any rebate which might be due or
owing by Avery Dennison not be transferred to any buyer except by
assumption and assignment pursuant to Section 365 of the U.S.
Bankruptcy Code.

The Official Committee of Unsecured Creditor, on June 1, objected
to the proposed sale of the Debtors' business as a going concern to
Standard Acquisition.  The Committee stated in its objection -- a
copy of which is available for free at http://is.gd/QPUdCM– that
Silver Point and the other lenders should not be permitted to use
Chapter 11 in place of a state court foreclosure action without a
commitment to fund a confirmable and feasible Chapter 11 plan that
provides for the payment of all administrative expenses and a
distribution to unsecured creditors.  

On June 4, 2015, Georgia-Pacific Consumer Products LP filed a
limited objection -- a copy of which is available for free at
http://is.gd/J7giWT-- to the sale, insofar as the Debtor seeks to
sell to the stalking horse bidder the paper products
Georgia-Pacific has supplied and continues to supply to the Debtor
on consignment.  Per the the terms of the sale and purchase
agreement dated April 1, 2013, Georgia-Pacific said that it
maintains full legal and beneficial title to the consigned products
until the Debtor withdraws them from consignment, at which time a
sale is recognized and the Debtor is invoiced.  

On June 15, 2015, the Debtors filed an omnibus reply -- a copy of
which is available for free at http://is.gd/YUvHgE-- to the
objections, saying, "Although the Debtors received over 100 formal
and informal objections to the sale, the Debtors have been
proactive and diligent in seeking to resolve objections where
possible.  There are only a relatively small number of remaining
objections that the Court may be asked to resolve.  Approval of the
sale will enable the Debtors' businesses to be sold as a going
concern, which is in the best interest of the Debtors' estates and
their stakeholders."

Bank of America, N.A., in its capacity as administrative and
collateral agent for the ABL DIP Lenders, requested in a filing
dated June 16, 2015 -- a copy of which is available for free at
http://is.gd/T9lCgr-- that the Court (i) grant the Sale Motion
and approve the sale only after sustaining and resolving the
objections of the ABL DIP credit parties and (ii) grant to the ABL
DIP credit parties other and further relief as may be necessary or
appropriate under the circumstances.  The ABL Agent stated, "due to
the fluid nature of the sale process, there may be other objections
to or arguments made against court approval of the proposed sale by
the Committee or other parties in interest, or other issues may
arise with respect to the proposed sale.  These other objections,
arguments and issues may cause the ABL DIP credit parties to object
or decline to consent to the relief requested in the sale motion."

On June 16, the Committee filed a supplemental objection -- a copy
of which is available for free at http://is.gd/RdHVf6-- to the
sale, saying that at the June 15 auction, Standard Acquisition and
Taylor were the only bidders and that at the conclusion of the
auction, the Debtors selected the Standard Acquisition as the
winning bidder.  Taylor expressly stated at the conclusion of the
auction that it would not submit a further bid.  Without any prior
notice to the Committee, the Debtors informed the Committee that
Silver Point and Taylor engaged in discussions after the auction
and as a result of those discussions, Taylor increased its bid by
$2 million and Silver Point agreed to allow Taylor to be the
winning bidder.  The same day that the auction took place, the
Committee, the Debtors, and Silver Point reached an agreement in
principle to resolve (among other issues) the issues set forth in
the sale objection and the supplemental objection and the claims
and causes of action the Committee asserts against a number of
Silver Point-affiliated parties in the Committee complaint.
However, the parties have not yet memorialized the terms of that
agreement in writing and it is not certain that the tentative
settlement will come to fruition, the Committee claimed.  

Andrew L. Magaziner, Esq., at Young Conaway Stargatt & Taylor, LLP,
the attorney for the Debtors, said in a certification filed on June
19, 2015, that, following good faith negotiations, the Debtors, the
Committee and the second lien bidders have agreed upon the terms of
the final settlement and the revised sale order.  In addition, the
Debtors and Taylor finalized the APA which was approved, in broad
terms, by the Court.

The ABL Lender is represented by:

      Richards, Layton & Finger, P.A.
      Mark D. Collins, Esq.
      Tyler D. Semmelman, Esq.
      One Rodney Square, 920 North King Street
      Wilmington, DE 19801
      Tel: (302) 651-7700
      Fax: (302) 651-7701
      E-mail: collins@rlf.com
              semmelman@rlf.com

                  and

      Parker Hudson Rainer & Dobbs LLP
      C. Edward Dobbs
      James S. Rankin, Jr., Esq.
      1500 Marquis Two Tower
      285 Peachtree Center Avenue NE
      Atlanta, GA 30303
      Tel: (404) 523-5300
      Fax: (404) 522-8409
      E-mail: edobbs@phrd.com
              jrankin@phrd.com

Georgia-Pacific is represented by:

      Morris James LLP
      Jeffrey R. Waxman, Esq.
      500 Delaware Avenue, Suite 1500
      Wilimington, Delaware 19801-1494
      Tel: (302) 888-6800
      E-mail: jwaxman@morrisjames.com

                  and

      Alston & Bird LLP
      David A. Wender, Esq.
      Jonathan T. Edwards, Esq.
      One Atlantic Center
      1201 West Peachtree Street
      Atlanta, GA 30309-3424
      Tel: (404) 881-7000

Avery Dennison is represented by:

      Morris James LLP
      Brett D. Fallon, Esq.
      500 Delaware Avenue, Suite 1500
      P.O. Box 2306
      Wilmington, DE 19899-2306
      Tel: (302) 888-6800
      Fax: (302) 571-1750
      E-mail: bfallon@morrisjames.com

                  and

      Frantz Ward LLP
      John F. Kostelnik, Esq.
      Timothy J. Richards, Esq.
      200 Public Square, Suite 3000
      Cleveland, OH 44114-1230
      Tel: (216) 515-1660
      Fax: (216) 515-1650 (fax)
      E-mail: jkostelnik@frantzward.com
              trichards@frantzward.com

                     About Standard Register

Standard Register 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, Polsinelli PC as Delaware counsel and
conflicts counsel, Jefferies LLC as its exclusive investment
banker, and Zolfo Cooper, LLC, as its financial and forensic
advisors.


STATE FISH: Court Approves Hiring of Gribin Kapadia as Appraiser
----------------------------------------------------------------
R. Todd Neilson, the Chapter 11 trustee of State Fish Co., Inc. and
Calpack Foods, LLC, sought and obtained permission from the Hon.
Sandra R. Klein of the U.S. Bankruptcy Court for the Central
District of California to employ Gribin, Kapadia & Associates as
real estate appraiser, nunc pro tunc to May 29, 2015.

The Chapter 11 Trustee wants to employ Gribin Kapadia as real
estate appraiser for the Trustee to assess the value of the
facility located at 1130 West C Street, Wilmington, California.

The Trustee requested authority to compensate Gribin Kapadia at
State Fish's estate's expense pursuant to the terms and conditions
set forth in the letter agreement dated May 15, 2015, without the
need for Gribin to file a fee application and without further order
of the Court.  In particular, the Trustee seeks approval to pay
Gribin Kapadia a $3,400 fee immediately upon entry of an order
granting this Application. If additional services are required,
Gribin will charge its standard rate of $350 per hour and will file
one or more fee applications seeking approval of such amounts.

No additional compensation or reimbursement of expenses beyond the
$3,400 fee will be paid to Gribin Kapadia except as approved by the
Court.

David Gribin, principal of Gribin Kapadia, 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.

Gribin Kapadia can be reached at:

       David Gribin
       GRIBIN KAPADIA & ASSOCIATE
       22551 Ventura Blvd. #210
       Woodland Hills, CA 91364
       Tel: (818) 225-0097

                          About State Fish

State Fish Co., Inc., was founded in 1932 and began as a small
local wholesale fish buyer in California.  Under the leadership of
Sam DeLuca, State Fish expanded from a small fresh fish company to
an internationally-known import and export company operating its
own processing and cold store facilities near the Port of Los
Angeles. Calpack Foods, LLC, a wholly owned subsidiary, was formed
in April 2012 to produce high quality food and beverage products.

State Fish and Calpack Foods filed voluntary Chapter 11 bankruptcy
petitions (C.D. Cal. Lead Case No. 15-11084) on Jan. 26, 2015, amid
a family dispute and liquidity woes brought by declining fish
catches.  Sisters Vanessa DeLuca, Roseann DeLuca and Janet
Esposito, backed the bankruptcy filing while John DeLuca has
opposed the Chapter 11 effort.

The Hon. Sandra R. Klein presides over the jointly administered
cases.  Amir Gamliel, Esq., and Alan D Smith, Esq., at Perkins Coie
LLP, serve as the Debtors' counsel.  George Blanco, at Avant
Advisory Group, acts as chief restructuring officer.

State Fish disclosed $34,868,772 in assets and $10,084,671 in
liabilities as of the bankruptcy filing.

The U.S. Trustee has appointed three entities -- Cedar Cold
Services LLC, Star-Box Inc., and Queen City Seafood Sales -- to
serve on the official committee of unsecured creditors.  The panel
has tapped Levene, Neale, Bender, Yoo & Brill LLP to serve as its
general counsel.

R. Todd Neilson was appointed as Chapter 11 trustee effective as of
Feb. 27, 2015.


STHI HOLDING: S&P Affirms 'B' CCR Then Withdraws Rating
-------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating on STHI Holding Corp. after the company repaid all of
its debt following the acquisition by parent Sterigenics-Nordion
Holdings LLC.  The outlook is stable.

The affirmation is based on S&P's view that STHI is a core
subsidiary of Sterigenics-Nordion Holdings LLC (B/Stable/--) and as
a result, S&P has equalized the ratings.  S&P subsequently withdrew
the 'B' corporate credit rating on STHI, along with the issue-level
ratings on its debt.  All of STHI's rated debt was repaid.



SUNOCO LP: Fitch Assigns BB Rating on $500MM Sr. Unsecured Notes
----------------------------------------------------------------
Fitch Ratings has affirmed its ratings on Sunoco, LP (SUN) and
Sunoco Finance Corp. following the announcement that SUN will be
acquiring Susser Holdings Corp. from its sponsor Energy Transfer
Partners, LP (ETP; 'BBB-'/Outlook Stable).

Fitch has also assigned a rating of 'BB/RR4' to SUN's $500 million
senior unsecured notes offering due 2020.  Proceeds from the notes
are expected to fund a portion of the cash consideration for the
Susser acquisition.  The notes are being co-issued with Sunoco
Finance Corp. and are expected to be pari-passu with SUN's existing
senior unsecured notes.

The Rating Outlook is Stable.

SUN has agreed to acquire Susser for roughly $1.94 billion.  The
transaction will be financed with 50% equity; 50% cash, with ETP
taking back roughly $970 million in Class B units from SUN.  The
Class B units are identical to common units in all respects, except
class B units will not be entitled to 2Q 2015 distributions and
will convert immediately to common units on the day following the
record date for the 2Q 2015 distribution.  The transaction is
expected to close by Aug. 1, 2015.  As of June 30, 2015, Susser
operated 679 retail convenience stores, 632 of which were in Texas,
29 of which were in New Mexico, and 18 of which were in Oklahoma.

ETP previously announced its intent to drop down the existing
businesses in its retail marketing segment into SUN in a series of
drop down transactions.  Fitch believes the dropdowns of the
existing businesses into SUN provide SUN a visible backlog of
assets which will allow it to grow in scale, geographic diversity
and ultimately distributions for investors.  The dropdowns are
mutually beneficial providing clear path for ETP to segregate its
retail marketing segment into a dedicated vehicle with its own
access to capital and a dedicated management team.  For SUN the
dropdown helps increase its size, scale and geographic diversity.
Fitch expects the current Susser dropdown to be accretive to
distributable cash flow for SUN in 2016 and believes ETP's
willingness to take back units helps alleviate much of the
transaction risk.

SUN's ratings are reflective of its growing size and scale, as well
as, its relationship with ETP.  Remaining assets expected to be
dropped down to SUN at ETP consist of its remaining interest in
Sunoco LLC (68.42%) and its 100% interest in Sunoco Inc. a retail
business with a network of 439 company-operated retail fuel outlets
and convenience stores, approximately 4,400 retail fuel outlets
operated by independent operators pursuant to long-term
distribution agreements and a commercial fuel distribution business
that supplies approximately 600 million gallons of motor fuel per
year to its commercial customers.

KEY RATING DRIVERS

Parent Affiliation: SUN's ratings consider SUN's relationship with
its parent and sponsor, ETP and with ETP's parent and sponsor
Energy Transfer Equity, LP (ETE; 'BB'/Outlook Stable).  SUN's
affiliation with ETE and ETP provides significant benefits to SUN,
particularly with regard to SUN's ability to acquire and fund
assets through dropdowns.  These benefits are not available to
standalone partnerships.  Fitch believes that the affiliation with
ETP, and ultimately ETE, helps minimize event financing and
operating risks associated with dropping down ETP's inventory of
retail assets.  Fitch expects future dropdowns to be funded with a
balance of debt and equity.

Growing Scale: Fitch believes that SUN will benefit from increasing
economies of scale as it grows through planned drop-downs from ETP.
Both ETP and SUN have articulated a schedule for dropdowns to
support efficient integration efforts and more quickly realize
operational efficiencies.  As the store count managed by SUN
continues to grow, SUN will be able to benefit from increased
purchasing power, logistical support and the awareness of its top
regional and national brands to create value.  This growing
presence should allow SUN to increase its share of a highly
fragmented convenience store-fuel station market in which nearly
60% of its competitors only own one store.

Moderate Leverage: Pro forma for the Susser acquisition Fitch
expects SUN 2015 leverage, assuming a full year's worth of SHC
earnings and cash flow, of roughly 5.2x.  Leverage should improve
in 2016 to roughly 4.9x in line with Fitch's prior expectations. If
leverage were to be meaningfully above 5.0x on a sustained basis,
Fitch would likely take a negative rating action. Conversely,
sustained leverage below 3.5x could lead to a positive ratings
action.  Fitch expects future acquisitions to be funded with a
balance of debt and equity with a focus on maintaining moderate
leverage at SUN.  Fitch expects SUN distribution coverage of
roughly 1.5x and 1.2x for yearend 2015 and 2016, respectively.

KEY ASSUMPTIONS

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

   -- Wholesale distribution volume growth at a five-year compound

      average growth rate (CAGR) of about 1.5%-2%;

   -- Same-store retail distribution volume growth at a five-year
      CAGR of about 1.5%-2%;

   -- ETP drops down virtually all its wholesale and retail
      distribution assets into SUN within the next two years;

   -- SUN funds drop down acquisitions with a balanced mix of debt

      and equity issuance.

RATING SENSITIVITIES

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

   -- Sustained leverage (debt/EBITDA) below 3.5x, along with
      consistent operating margin improvements could result in
      positive rating action.

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

   -- Deteriorating EBIT margins at or below 1% on a consistent
      basis could lead to negative rating action.

   -- An aggressive distribution policy that consistently resulted

      in a distribution coverage ratio below 1.0x, combined with
      leverage ratios above 5.0x on a sustained basis could result

      in negative rating action.

LIQUIDITY AND DEBT STRUCTURE

SUN's liquidity is adequate.  As of March 31, 2015 SUN had $67.1
million in cash and equivalents on hand and roughly $553 million in
availability under its $1.25 billion secured revolving credit
facility due 2019.  SUN's revolver includes an accordion feature
thus providing flexibility to increase the facility by an
additional $250 million, subject to certain conditions, which has
been exercised.  The revolver requires SUN to maintain a leverage
ratio as defined in the credit agreement of not more than 5.5x,
subject to an upward adjustment to 6.0x for three fiscal quarters
following an acquisition whose purchase price is not less than $50
million.  SUN receives pro forma EBITDA credit for acquisitions and
material projects.  SUN is currently in compliance with its
leverage covenant.  SUN's debt maturities are manageable, inclusive
of this issuance SUN does not have any significant bond maturities
until 2020.

FULL LIST OF RATING ACTIONS

Fitch affirms these ratings:

Sunoco, LP
   -- Long-term Issuer Default rating 'BB';
   -- Senior unsecured debt 'BB/RR4';
   -- Senior secured debt 'BB+/RR1'.

Sunoco Finance Corp.
   -- Senior unsecured Debt 'BB/RR4'.

Fitch has assigned a rating of 'BB/RR4' to Sunoco, LP and co-issuer
Sunoco Finance Corp.'s senior unsecured notes offering due 2020.


THERAPEUTICSMD INC: Inks Underwriting Agreement with Stifel
-----------------------------------------------------------
TherapeuticsMD, Inc., entered into an underwriting agreement with
Stifel, Nicolaus & Company, Incorporated and Guggenheim Securities,
LLC, as the representatives of the several underwriters, relating
to an underwritten public offering of 3,846,154 shares of the
Company's common stock, par value $0.001 per share, at a public
offering price of $7.80 per share.

Under the terms of the Underwriting Agreement, the Company granted
the Underwriters a 30-day option to purchase up to an aggregate of
576,923 additional shares of Common Stock, which option has been
exercised in full.  The net proceeds to the Company from the
offering are expected to be approximately $32.2 million, after
deducting underwriting discounts and commissions and other
estimated offering expenses payable by the Company.  The offering
closed on July 15, 2015.

The offering is being made pursuant to the Company's effective
shelf registration statement on Form S-3 (Registration No.
333-201171) previously filed with the Securities and Exchange
Commission and a preliminary and final prospectus supplement
thereunder.

                       About TherapeuticsMD

Boca Raton, Florida-based TherapeuticsMD, Inc. (OTC QB: TXMD) is a
women's healthcare product company focused on creating and
commercializing products targeted exclusively for women.  The
Company currently manufactures and distributes branded and generic
prescription prenatal vitamins as well as over-the-counter
vitamins and cosmetics.  The Company is currently focused on
conducting the clinical trials necessary for regulatory approval
and commercialization of advanced hormone therapy pharmaceutical
products designed to alleviate the symptoms of and reduce the
health risks resulting from menopause-related hormone
deficiencies.

TherapeuticsMD reported a net loss of $54.2 million on $15.02
million of net revenues for the year ended Dec. 31, 2014, compared
with a net loss of $28.4 million on $8.77 million of net revenues
for the year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $99.5 million in total
assets, $11.8 million in total liabilities, and $87.7 million in
total stockholders' equity.


THOMAS MECHAM RICKS: John Wood, et al., Ordered to Produce Tax Docs
-------------------------------------------------------------------
Chief Bankruptcy Judge Terry L. Myers of the United States
Bankruptcy Court for the District of Idaho, at the behest of Debtor
Thomas Mecham Ricks, directed John Wood and Park Hampton LLC to
comply with certain requests for production of various tax
documents that is related to the Debtor's adversary complaint
against them.

The adversary complaint is THOMAS M. RICKS, an individual,
Plaintiff-Counter Defendant, v. JOHN WOOD, an individual; PARK
HAMPTON LLC, an Idaho limited liability company, and DOES I-X,
Defendants and Counterclaimants, ADV. NO. 13-06038-TLM, (Bankr. D.
Idaho).

The bankruptcy case is IN RE RICKS, THOMAS MECHAM, Chapter 11,
Debtor, Case No. 13-00264-TLM (Bankr. D. Idaho).

A full-text copy of Judge Myers' Memorandum of Decision dated June
24, 2015, is available at http://is.gd/RYTNndfrom Leagle.com.


TRACK GROUP: Completes Long-Term Debt Restructuring
---------------------------------------------------
Track Group, Inc., announced that it has restructured $28 million
of its short-term debt, which is anticipated to substantially
improve the Company's free cash flow and financial condition.

The Company restructured and consolidated its existing current debt
of US$28 million with an amendment to the Company's existing
Facility Agreement with its lender, Conrent Invest through its
compartment Safety II.  The US$30.4 million facility, effective
June 30, 2015, will bear interest at an annual fixed rate of 8%, is
unsecured, includes a no-cost voluntary prepayment option, and
matures on July 31, 2018.  Proceeds will be used to consolidate
existing loans that mature over the next six to nine months,
including fees and accrued interest through January 2016.

"The restructuring of our existing debt facility illustrates our
lender's confidence and commitment in our business model and
strategic direction both domestically and internationally," said
John Merrill, Track Group chief financial officer.  "We took
advantage of favorable terms to create a stronger capital structure
improving liquidity and flexibility to support our priorities for
cash flow; invest in our global platform-as-a-service business,
fund acquisitions, and provide support for our continued growth
momentum."

                         About Track Group

Track Group (formerly SecureAlert) -- http://www.trackgrp.com/--
is a global provider of customizable tracking solutions that
leverage real-time tracking data, best-practice monitoring, and
analytics capabilities to create complete, end-to-end solutions.

Track Group incurred a net loss attributable to common shareholders
of $8.76 million on $12.26 million of total revenues for the fiscal
year ended Sept. 30, 2014, compared to a net loss attributable to
common shareholders of $18.95 million on $15.64 million of total
revenues for the year ended Sept. 30, 2013.

As of March 31, 2015, SecureAlert had $58.3 million in total
assets, $38.9 million in total liabilities, and $19.3 million in
total equity.


VERITEQ CORP: Vis Vires Group Reports 9.9% Stake
------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Vis Vires Group, Inc. disclosed that as of July 16,
2015, it beneficially owned 240,693,076 shares of common stock
Veriteq Corporation which represents 9.99 percent (based on the
total of 1,778,936,357 outstanding shares of Common Stock).  A copy
of the regulatory filing is available at http://is.gd/99s723

                           About VeriTeQ

VeriTeQ (formerly known as Digital Angel Corporation) develops
innovative, proprietary RFID technologies for implantable medical
device identification, and dosimeter technologies for use in
radiation therapy treatment.  VeriTeQ --
http://www.veriteqcorp.com/-- offers the world's first FDA
cleared RFID microchip technology that can be used to identify
implantable medical devices, in vivo, on demand, at the point of
care.  VeriTeQ's dosimeters provide patient safety mechanisms
while measuring and recording the dose of radiation delivered to a
patient in real time.

Veriteq reported a net loss of $3.91 million on $151,000 of sales
for the year ended Dec. 31, 2014, compared to a net loss of $18.2
million on $18,000 of sales for the year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $1.66 million in total
assets, $9 million in total liabilties, $1.84 million in series D
preferred stock, and a $9.18 million total stockholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company has incurred
recurring net losses, and at Dec. 31, 2014, had negative working
capital and a stockholders' deficit.  These events and conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


VICTORY MEDICAL CENTER: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: Victory Medical Center Southcross GP, LLC
           fdba Innova San Antonio Management Company, LLC
        2201 Timberloch, Suite 200
        The Woodlands, TX 77380

Case No.: 15-42863

Nature of Business: Health Care

Chapter 11 Petition Date: July 16, 2015

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Russell F. Nelms

Debtor's Counsel: Edward L. Rothberg, Esq.
                  HOOVER SLOVACEK LLP
                  Galleria Tower II
                  5051 Westheimer, Suite 1200
                  Houston, TX 77057
                  Tel: (713) 977-8686
                  Fax: (713) 977-5395
                  Email: rothberg@hooverslovacek.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Robert N. Helms, Jr., manager of its
member, Innova Healthcare, LLP.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txnb15-42863.pdf


VISCOUNT SYSTEMS: Appoints Scott Sieracki as Interim CEO
--------------------------------------------------------
Viscount Systems, Inc., announced the resignation of Dennis
Raefield as president, CEO and secretary of the Company.  The Board
of Directors has appointed Scott Sieracki, who has been the vice
president of sales, to the position of interim CEO in accordance
with existing succession and growth plans for the Company.  The
Board's Transition Committee, comprising three directors, will work
closely with Mr. Sieracki (assisted by Mr. Raefield, who will
remain as a Director) to continue to evaluate alternatives for the
full-time role.

"This transition comes at a time when Viscount, under Mr.
Raefield's leadership, has transformed from a company with a vision
to a company that is poised to become a market leader," stated the
Company's Chairman, Ned L. Siegel.  "On behalf of the Board of
Directors, I want to thank Mr. Raefield for his leadership and
service to the Company and its shareholders.  We look forward to
the next phase of Viscount's growth as a game-changing and leading
technology provider of access control systems," added Ambassador
Siegel.

Mr. Sieracki has experienced an accomplished career in the physical
security industry, demonstrating a strategic, growth-oriented
approach to management with a unique focus on disruptive
technologies such as those possessed by Viscount.  Prior to joining
the Company, Mr. Sieracki worked as vice president of Sales for IDV
Solutions, Inc., an enterprise risk visualization company, vice
president of Sales for Quantum Secure, Inc., a security and
identity technology company, Director of Sales North America for
Software House, a Tyco International company, and President and
co-founder of Open Options, a provider of open architecture-based
access control systems.

"We are very excited to turn over the reins to Scott at a crucial
juncture in our corporate evolution, and we have the utmost
confidence in his ability to execute the next phase of our growth
strategy," stated Ambassador Siegel.

Mr. Sieracki commented, "It is my privilege to assume interim
leadership of Viscount Systems, and I appreciate the vote of
confidence from the Board of Directors.  My belief in the Company
has never been stronger due to its disruptive technology, long-term
strategy, and future prospects, and I am humbled and excited to
play a critical role in realizing this future potential."

Mr. Siegel and Mr. Sieracki will host a conference call to further
detail the components of the transition plan and take questions
from analysts and investors.  Details for the conference call will
be forthcoming.

                       About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.

Viscount Systems reported a net loss and comprehensive loss of
C$991,000 on C$4.76 million of sales for the year ended Dec. 31,
2014, compared to a net loss and comprehensive loss of C$3.08
million on C$4.13 million of sales in 2013.

As of March 31, 2015, the Company had C$1.71 million in total
assets, C$3.91 million in total liabilities and a C$2.21 million
total stockholders' deficit.

Dale Matheson Carr-Hilton Labonte LLP, in Vancouver, Canada, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has incurred losses in developing its business, and further
losses are anticipated in the future.  The Company requires
additional funds to meet its obligations and the costs of its
operations and there is no assurance that additional financing can
be raised when needed.  These factors raise substantial doubt about
the Company's ability to continue as a going concern.


VISTAGE WORLDWIDE: Moody's Gives B2 Probability of Default Rating
-----------------------------------------------------------------
Moody's Investors Service assigned credit ratings to Vistage
Worldwide, Inc., including a Corporate Family rating of B2, a
Probability of Default rating ("PDR") of B3-PD, and a B2 rating on
the proposed first lien revolving credit and term loan facilities.
Proceeds from the new $150 million term loan, plus cash on hand,
will be used to repay existing debt, fund a distribution to
Vistage's owners, and cover related fees. The ratings outlook is
stable.

RATINGS RATIONALE

The B2 CFR reflects Vistage's very small scale and narrow but
market-leading product line in the field of corporate advisory
services to small and medium enterprises ("SMEs"), as well as
shareholder-friendly financial policies. Those factors are
counterbalanced by Vistage's high proportion of recurring,
subscription-based revenues, good sales growth and profitability,
and moderate leverage -- about 4.8 times (including Moody's
standard adjustments) at closing -- for its ratings category.

Vistage's subscription-based model, providing better than 97% of
yearly sales, provides good revenue visibility and an excellent
working-capital profile. The negative working-capital position,
combined with good EBITDA margins and low capital expenditures,
results in rates of conversion of EBITDA to free cash flow that can
exceed 100%. Additionally, a variable-cost structure has provided
for fairly stable profitability, even during recessionary periods.
Vistage's nearly sixty-year corporate existence attests to the
healthy demand characteristics of its peer-based corporate
consulting and advisory services.

Moody's views the company's liquidity as good, by virtue of its
negative working capital profile, a $15 million revolver that is
expected to remain undrawn, as well as Moody's expectations for
free cash flow (excluding the proposed dividend distribution) of
close to $20 million this fiscal year, generating
free-cash-flow-to-debt metrics in the low-double-digit
percentages.

The stable ratings outlook reflects Moody's expectations for
continued good liquidity and profitability, declining leverage, and
an expectation for at least mid-single-digit sales growth over the
next few years, generated by an ongoing focus on Chair development,
modest product expansion, and some international branding. The
ratings could be lowered if revenue growth reverses, liquidity
contracts, and leverage approaches 6.0 times. The ratings could be
raised if the company significantly expands its scale and product
diversity while maintaining its leverage, liquidity, and
profitability metrics, as well as conservative financial policies.

Assignments:

Corporate Family Rating, Assigned B2

Probability of Default Rating, Assigned B3-PD

Senior Secured Revolving Credit Facility expiring 2020, Assigned
  B2, LGD3

Senior Secured 1st Lien Term Loan due 2021, Assigned B2, LGD3

Outlook, Assigned Stable

Founded in 1957, Vistage Worldwide, Inc. is a CEO- and
officer-level membership organization that provides members
(customers) with peer group meetings facilitated by experienced
Chairs, one-on-one coaching, workshops, conferences, best
practices, and speaker presentations. As of FYE March 2015, the
company, which is owned by affiliates of private equity investor
TowerBrook Capital Partners, has a global network of more than
20,000 executive members in 16 countries. Moody's expects Vistage
to generate FY2016 revenues of approximately $175 million.


VISTAGE WORLDWIDE: S&P Assigns 'B' CCR, Outlook Stable
------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B'
corporate credit rating to San Diego, Calif.-based Vistage
Worldwide Inc.  The rating outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating and '3'
recovery rating to the company's $170 million senior secured
first-lien credit facility, which consists of a $15 million
revolving credit facility due 2020 and a $155 million senior
secured term loan due 2021.  The '3' recovery rating indicates
S&P's expectation for meaningful (50%-70%; lower half of the range)
recovery of principal in the event of a payment default.

"The 'B' corporate credit rating on Vistage reflects our
expectation that the company will experience healthy revenue and
EBITDA growth by further penetrating both domestic and
international markets, while maintaining adequate liquidity and
debt leverage below 5.5x," said Standard & Poor's credit analyst
Elton Cerda.

S&P views Vistage business risk profile as "weak," reflecting the
company's niche market focus and limited geographic
diversification.  The company's good market position, with a long
operating history and steady revenue growth, only partially offsets
these risks.  S&P's business risk assessment also reflects the
company's participation in a highly fragmented and competitive
industry with many local competitors, low barriers to entry, and
several lower-price alternatives.

S&P's assessment of Vistage's financial risk profile as "highly
leveraged" incorporates the company's aggressive financial policy,
driven by its private equity ownership and S&P's expectation for
leverage to remain between 4x to 5x over the longer term.

The stable outlook on Vistage reflects S&P's expectation that the
company will continue to experience healthy growth and that debt
leverage will remain between 4x to 5x area due to the company's
aggressive financial policy.

S&P could lower the rating by one notch to 'B-' if the company's
membership starts to decline as a result of lower growth and
increased attrition, resulting in debt leverage exceeding 5.5x or
free operating cash flow declining below $10 million.

S&P is unlikely to raise the rating on Vistage over the next two
years because of the company's size and aggressive financial
policy.  An upgrade would likely entail the company developing
other stable sources of revenue, adopting a less aggressive
financial policy, and maintaining debt leverage between high-3x and
low-4x.



VISUALANT INC: Extends Promissory Notes Due Date to Sept. 30
------------------------------------------------------------
Visualant, Incorporated, entered into amendments to two demand
promissory notes totaling $600,000 and a note payable for $200,000
related to the Umpqua Bank Business Loan Agreement with Mr.
Erickson, the Company's chief executive officer or entities in
which Mr. Erickson has a beneficial interest.  The amendments
extend the due date from June 30, 2015, to Sept. 30, 2015, and
continue to provide for interest of 3% per annum and a second lien
on company assets if not repaid by Sept. 30, 2015, or converted
into convertible debentures or equity on terms acceptable to the
Holder.

                       About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant reported a net loss of $1 million on $7.98 million of
revenue for the year ended Sept. 30, 2014, compared to a net loss
of $6.60 million on $8.57 million of revenue for the year ended
Sept. 30, 2013.

As of June 30, 2015, the Company had $2.6 million in total assets,
$5.6 million in total liabilities, all current, and a $3 million
total stockholders' deficit.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2014.  The independent auditors noted that
the Company has sustained a net loss from operations and has an
accumulated deficit since inception.  These factors, according to
the auditors, raise substantial doubt about the Company's ability
to continue as a going concern.


VISUALANT INC: Posts $767,000 Net Income for Third Quarter
----------------------------------------------------------
Visualant, Incorporated filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $767,000 on $1.5 million of revenue for the three months ended
June 30, 2015, compared to net income of $1.3 million on $2 million
of revenue for the same period during the prior year.

For the nine months ended June 30, 2015, the Company reported a net
loss of $147,779 on $4.8 million of revenue compared to a net loss
of $1.2 million on $5.9 million of revenue for the same period in
2014.

As of June 30, 2015, the Company had $2.6 million in total assets,
$5.6 million in total liabilities, all current, and a $3 million
total stockholders' deficit.

"The Company anticipates that it will record losses from operations
for the foreseeable future.  As of June 30, 2015, the Company's
accumulated deficit was $21,682,898.  The Company has limited
capital resources, and operations to date have been funded with the
proceeds from private equity and debt financings and loans from
Ronald P. Erickson, our Chief Executive Officer, or entities with
which he is affiliated.  These conditions raise substantial doubt
about our ability to continue as a going concern.  The audit report
prepared by the Company's independent registered public accounting
firm relating to our financial statements for the year ended
September 30, 2014 includes an explanatory paragraph expressing the
substantial doubt about the Company's ability to continue as a
going concern."

The Company had cash of $48,000 and net working capital deficit of
approximately $3,787,000 (excluding the derivative liability-
warrants of $788,000) as of June 30, 2015.  The Company expects
losses to continue as it commercializes its ChromaID technology.

A copy of the Form 10-Q is available at http://is.gd/IWc6Ke

                        About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant reported a net loss of $1 million on $7.98 million of
revenue for the year ended Sept. 30, 2014, compared to a net loss
of $6.60 million on $8.57 million of revenue for the year ended
Sept. 30, 2013.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2014.  The independent auditors noted that
the Company has sustained a net loss from operations and has an
accumulated deficit since inception.  These factors, according to
the auditors, raise substantial doubt about the Company's ability
to continue as a going concern.


WALTER ENERGY: Fitch Expects Poor Unsecured Recoveries After Ch11
-----------------------------------------------------------------
Poor unsecured bond recoveries are expected following Walter Energy
Inc.'s filing bankruptcy under Chapter 11, according to Fitch
Ratings.  The coal miner, along with the rest of the industry, has
been struggling with depressed coal prices for several years.

Walter's bankruptcy was driven by a market oversupply of
metallurgical coal in addition to an untenable debt load stemming
from the company's acquisition of Western Coal Corp., which
occurred during a period of peak coal prices.  Lower prices caused
Walter to curtail much of the acquired capacity and eroded cash
flows to levels insufficient to sustain the highly levered capital
structure.

Three of Walter's outstanding bond issues trade at bid prices that
range from approximately 1% to 5% of the combined $1.1 billion face
value amount.  The deeply discounted issues include 11% second lien
PIK toggle notes as well as 9.875% and 8.5% senior unsecured notes.


These low prices reflect the market's expectations of poor recovery
rates on the bonds, which rank junior in seniority to Walter's
first lien term loan and bond debt and which together total
approximately $2 billion.  Junior creditors receive bankruptcy plan
distributions only if the reorganization enterprise value is
sufficient to fully repay first lien debtholders as per the
absolute rule of priority or as a result of a consensual settlement
agreement.

Walter's bankruptcy filing propels the beleaguered US metal and
mining sector's total twelve month high-yield default rate up to
7.2% from 5.1% at the end of June 2015.  The rate is anticipated to
rise further if Arch Coal defaults via a distressed debt exchange
that is currently being offered to certain debtholders.

Walter was one of 21 US energy and mining high-yield bond issuers
identified by Fitch as having high default risk in a low bond price
screening process completed for the "Energy, Power and Commodities
Bankruptcy Enterprise Value and Creditor Recoveries " report
published April 27, 2015.

Fitch expects Walter to reorganize as a going concern and to use
the bankruptcy process to restructure pre-petition debts totaling
more than $3 billion down to a level more appropriate relative to
sustainable future cash flows.  The filing is the result of a
pre-negotiated agreement with certain senior lenders to convert all
of the senior debt to equity.



WASHINGTON HEIGHTS: Hires Sachs & Associates as Attorneys
---------------------------------------------------------
Washington Heights Parking, LLC seeks permission from the Hon.
Martin Glen of the U.S. Bankruptcy Court for the Southern District
of New York to employ Sachs & Associates, PLLC as attorneys.

The Debtor requires Sachs & Associates to:

   (a) give the Debtor legal advise with respect to its powers and

       duties as debtor-in-possession in the continued management
       of its property;

   (b) prepare, on behalf of the Debtor, as debtor-in-possession,
       necessary applications, answers, orders, reports and other
       legal papers required by the Bankruptcy Code and Federal
       Rules of Bankruptcy Procedure; and

   (c) perform all other legal services for Debtor as debtor-in-
       possession, which may be necessary in connection with the
       Debtor's efforts to reorganize.

The Debtor desires to employ Sachs & Associates under a general
retainer because of the extensive legal services required.

Sachs & Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

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

Sachs & Associates can be reached at:

       Gary B. Sachs, Esq.
       SACHS & ASSOCIATES, PLLC
       20 Crescent Drive
       Albertson, NY 11507
       Tel: (516) 396-0129

Washington Heights Parking, LLC, one of 20 companies owned by real
estate developer Jose Espinal, sought bankruptcy protection (Bankr.
S.D.N.Y. Case No. 15-11687) in Manhattan on June 26, 2015.

Washington Heights Parking, a real estate business, owns a building
at 4320 Broadway, New York.  It leases the premises to three
tenants who pay annualized rents of approximately $1.4 million.


WHISKEY ONE: Section 341 Meeting Scheduled for Aug. 19
------------------------------------------------------
A meeting of creditors in the bankruptcy case of Whiskey One Eight,
LLC will be held on Aug. 19, 2015, at 10:00 a.m. at 341 meeting
room 2650 at 101 W. Lombard St., Baltimore.  Proofs of claim are
due Nov. 17, 2015.

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

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

Whiskey One Eight, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Md. Case No. 15-19885) on July 15, 2015.  Andrew Zois
signed the petition as managing member.  The Debtor estimated
assets of $10 million to $50 million and liabilities of at least $1
million.

Lawrence Joseph Yumkas, Esq., at Yumkas, Vedmar & Sweeney, LLC as
the Debtor's counsel.  Judge David E. Rice presides over the case.


WPCS INTERNATIONAL: Closes $1.5 Million Financing
-------------------------------------------------
WPCS International Incorporated announced that it closed a
$1,500,000 equity financing.

On July 14, 2015, WPCS entered into a Securities Purchase Agreement
with Iroquois Master Fund Ltd., Iroquois Capital Investment Group
and American Capital Management, LLC pursuant to which the Company
issued to the Investors an aggregate of 8,119 shares of Series H-1
Preferred Convertible Stock of the Company, par value $0.0001 per
share, and warrants to purchase 1,217,861 shares of common stock of
the Company, par value $0.0001 per share, with an exercise price of
$1.66 per share.

As a result, the Company believes that, as of the date of this
transaction, its stockholders' equity now exceeds $2,500,000.

According to Interim CEO Sebastian Giordano, "Not only have we
further increased our stockholders' equity, but having recently
secured a $1 million line of credit and eliminated $1.7 million in
notes that were originally due to be paid on September 30, 2015,
this $1.5 million financing significantly improves our liquidity."

Under the terms of a Securities Purchase Agreement, the Company
issued to certain accredited investors in a private placement an
aggregate of 8,119 shares of Series H-1 Preferred Convertible Stock
of the Company, par value $0.0001 per share, and warrants to
purchase 1,217,861 shares of common stock of the Company, par value
$0.0001 per share, with an exercise price of $1.66 per share based
upon closing price of the Company's common stock on July 14, 2015.
The purchase price for each Series H-1 Share was $166 and the
purchase price for each warrant was $0.125 per share of Common
Stock, for an aggregate purchase price for the Series H-1 Shares
and Warrants of $1,500,000.

                About WPCS International Incorporated

WPCS -- http://www.wpcs.com/-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

WPCS International incurred a net loss attributable to common
shareholders of $11.2 million for the year ended April 30, 2014,
as compared with a net loss attributable to common shareholders of
$6.91 million for the year ended April 30, 2013.

As of Jan. 31, 2015, the Company had $14.8 million in total assets,
$14.8 million in total liabilities and a $36,000 total deficit.

Marcum LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the
year ended April 30, 2014.  The independent auditing firm
noted that the Company has incurred significant losses and needs
to raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


[*] Fitch: E&P Bankruptcies Propel US HighYield Energy Default Rate
-------------------------------------------------------------------
Fitch's high yield energy sector default rate continued to climb
with the recent Chapter 11 filings of two more exploration and
production (E&P) companies, driving the trailing 12-month (TTM)
rate more than one-half point higher to 2.6% and the E&P subsector
rate to 5.1% from 3.7%, according to Fitch Ratings.  The default
rate includes issuers of high yield bonds in the U.S. irrespective
of the issuer domicile.

Significant decreases in oil and gas market prices have impaired
many E&P companies' ability to pay interest and principal and led
to some defaults.  Most recently, both Sabine Oil & Gas Corporation
and Lightstream Resources Ltd. incurred significant debt to fund
drilling programs and their capital structures became unsustainable
in the face of lower oil prices.  Other significant E&P defaults
this year include Midstate Petroleum Co., Connacher Oil & Gas Ltd.,
and Quicksilver Resources Inc.

The TTM energy default rate now exceeds its long term average 1.9%.
Pro forma for the near term bankruptcy filing of Hercules
Offshore, Inc. expected by Fitch because the driller is currently
soliciting votes for a prepackaged bankruptcy plant pushes the TTM
energy default rate to 3.0%.

Sabine filed for Chapter 11 on July 15 with an aim towards reaching
a balance sheet restructuring plan with creditors.  Sabine had
approximately $2.8 billion of credit facility and $1.15 billion of
bond debt outstanding as per the 10-Q filing for the quarter ended
March 31.  The bonds are trading at under 20% of par value,
indicating the market currently anticipates weak recovery rates.
Sabine expects cash on hand and cash from operations will provide
sufficient funding to sustain operations during the bankruptcy
period with no debtor in possession facility needed. Cash balances
were approximately $276.9 million as of May 8.

Lightstream defaulted via a distressed debt exchange on July 2. The
company and certain holders of its unsecured debt agreed to
exchange approximately $465 million of 8.625% unsecured notes due
2010 for $395 million of 9.875% second lien notes due June 15,
2019.  Holders of the 8.625% notes that did not participate in the
debt exchange became subordinated in the capital structure to the
new second lien debt.  Lightstream has high capital spending needs
to maintain production.

Hercules reached a restructuring support agreement with a group of
senior noteholders holding more than 67% of the senior note debt
and is currently soliciting votes for a prepackaged plan of
reorganization.  A near-term bankruptcy filing seems highly
probable.


[^] BOND PRICING: For the Week from July 6 to 10, 2015
------------------------------------------------------
   Company              Ticker  Coupon Bid Price  Maturity Date
   -------              ------  ------ ---------  -------------
Affinion
  Investments LLC       AFFINI  13.500    45.938      8/15/2018
Ally Financial Inc      ALLY     3.000    99.990      7/15/2015
Alpha Natural
  Resources Inc         ANR      9.750     6.000      4/15/2018
Alpha Natural
  Resources Inc         ANR      6.000     5.000       6/1/2019
Alpha Natural
  Resources Inc         ANR      6.250     6.994       6/1/2021
Alpha Natural
  Resources Inc         ANR      3.750     8.000     12/15/2017
Alpha Natural
  Resources Inc         ANR      7.500    24.750       8/1/2020
Alpha Natural
  Resources Inc         ANR      4.875     5.500     12/15/2020
Alpha Natural
  Resources Inc         ANR      7.500    22.000       8/1/2020
Alpha Natural
  Resources Inc         ANR      7.500    25.500       8/1/2020
Altegrity Inc           USINV   14.000    42.500       7/1/2020
Altegrity Inc           USINV   13.000    48.000       7/1/2020
Altegrity Inc           USINV   14.000    35.000       7/1/2020
American Eagle
  Energy Corp           AMZG    11.000    35.000       9/1/2019
American Eagle
  Energy Corp           AMZG    11.000    35.500       9/1/2019
Arch Coal Inc           ACI      7.000    15.337      6/15/2019
Arch Coal Inc           ACI      7.250    29.750      10/1/2020
Arch Coal Inc           ACI      7.250    12.500      6/15/2021
Arch Coal Inc           ACI      9.875    17.850      6/15/2019
Arch Coal Inc           ACI      8.000    17.875      1/15/2019
Arch Coal Inc           ACI      8.000    17.750      1/15/2019
BPZ Resources Inc       BPZR     8.500    15.075      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    28.313     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      6.500    33.000       6/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     10.750    27.250       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     12.750    25.750      4/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      5.750    30.000      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    28.500     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      5.750    12.250      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    28.000     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    28.000     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    25.750       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     10.000    28.000     12/15/2018
Cal Dive
  International Inc     CDVI     5.000     1.000      7/15/2017
Champion
  Enterprises Inc       CHB      2.750     0.250      11/1/2037
Chassix Holdings Inc    CHASSX  10.000     8.000     12/15/2018
Chassix Holdings Inc    CHASSX  10.000     8.000     12/15/2018
Chassix Holdings Inc    CHASSX  10.000     8.000     12/15/2018
Claire's Stores Inc     CLE      8.875    43.000      3/15/2019
Claire's Stores Inc     CLE     10.500    64.380       6/1/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    28.030     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    30.125     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    30.125     11/15/2017
Comstock
  Resources Inc         CRK      7.750    36.880       4/1/2019
Dendreon Corp           DNDN     2.875    69.000      1/15/2016
Encore Acquisition Co   DNR      6.000   100.000      7/15/2015
Endeavour
  International Corp    END     12.000    11.500       3/1/2018
Endeavour
  International Corp    END     12.000     8.750       3/1/2018
Endeavour
  International Corp    END     12.000     8.750       3/1/2018
Endo Health
  Solutions Inc         ENDP     7.000   102.002      7/15/2019
Energy Conversion
  Devices Inc           ENER     3.000     7.875      6/15/2013
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc      TXU     10.000     1.875      12/1/2020
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc      TXU     10.000     1.875      12/1/2020
Energy XXI Gulf
  Coast Inc             EXXI     9.250    50.000     12/15/2017
Energy XXI Gulf
  Coast Inc             EXXI     7.750    35.000      6/15/2019
FBOP Corp               FBOPCP  10.000     1.843      1/15/2009
FairPoint
  Communications
  Inc/Old               FRP     13.125     1.879       4/2/2018
Federal Farm
  Credit Banks          FFCB     0.820    99.995      2/21/2017
Federal Farm
  Credit Banks          FFCB     1.850   100.000      6/12/2019
Federal Farm
  Credit Banks          FFCB     1.470    99.900       7/9/2018
Federal Farm
  Credit Banks          FFCB     0.850   100.000      2/15/2017
Federal Farm
  Credit Banks          FFCB     1.100   100.000     10/23/2017
Federal Farm
  Credit Banks          FFCB     1.120   100.000     10/16/2017
Federal Farm
  Credit Banks          FFCB     0.930   100.003      5/15/2017
Federal Farm
  Credit Banks          FFCB     4.070   100.025      7/10/2034
Federal Farm
  Credit Banks          FFCB     0.900   100.002      5/25/2017
Federal Home
  Loan Banks            FHLB     0.750    99.871      4/17/2017
Fleetwood
  Enterprises Inc       FLTW    14.000     3.557     12/15/2011
GT Advanced
  Technologies Inc      GTAT     3.000    24.500      10/1/2017
Gevo Inc                GEVO     7.500    59.500       7/1/2022
Goodrich
  Petroleum Corp        GDP      8.875    36.000      3/15/2019
Goodrich
  Petroleum Corp        GDP      5.000    45.000      10/1/2032
Gymboree Corp/The       GYMB     9.125    39.617      12/1/2018
Hercules Offshore Inc   HERO     8.750    32.000      7/15/2021
Hercules Offshore Inc   HERO    10.250    32.500       4/1/2019
Hercules Offshore Inc   HERO    10.250    32.750       4/1/2019
Hercules Offshore Inc   HERO     8.750    34.000      7/15/2021
International Lease
  Finance Corp          AER      6.850   100.000      7/15/2015
JPMorgan Chase & Co     JPM      6.400   100.071      9/15/2037
JPMorgan Chase & Co     JPM      6.400    98.750      9/15/2037
JPMorgan Chase & Co     JPM      5.600    99.150     12/15/2021
JPMorgan Chase & Co     JPM      5.150    99.266      6/15/2018
JPMorgan Chase & Co     JPM      5.900   100.000      6/15/2022
JPMorgan Chase & Co     JPM      5.100   100.235      7/15/2020
JPMorgan Chase & Co     JPM      6.000    99.889      9/15/2026
JPMorgan Chase & Co     JPM      5.600   100.000      1/15/2022
James River Coal Co     JRCC     3.125     0.001      3/15/2018
John Hancock Life
  Insurance Co          MFCCN    4.400   100.000      7/15/2015
Lantheus Medical
  Imaging Inc           LANMED   9.750   102.800      5/15/2017
Las Vegas Monorail Co   LASVMC   5.500     0.010      7/15/2019
Lehman Brothers
  Holdings Inc          LEH      4.000     8.875      4/30/2009
Lehman Brothers
  Holdings Inc          LEH      5.000     8.875       2/7/2009
MF Global Holdings Ltd  MF       6.250    20.000       8/8/2016
MF Global Holdings Ltd  MF       1.875    20.000       2/1/2016
MF Global Holdings Ltd  MF       3.375    20.000       8/1/2018
MF Global Holdings Ltd  MF       9.000    20.000      6/20/2038
MModal Inc              MODL    10.750    10.125      8/15/2020
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    31.000      5/15/2018
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    35.000      5/15/2018
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    26.875      5/15/2018
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC      MPO     10.750    38.250      10/1/2020
Molycorp Inc            MCP     10.000    12.250       6/1/2020
Molycorp Inc            MCP      6.000     1.063       9/1/2017
Molycorp Inc            MCP      5.500     1.383       2/1/2018
OMX Timber Finance
  Investments II LLC    OMX      5.540    17.500      1/29/2020
Peabody Energy Corp     BTU      6.000    39.500     11/15/2018
Peabody Energy Corp     BTU      6.500    28.358      9/15/2020
Powerwave
  Technologies Inc      PWAV     2.750     0.125      7/15/2041
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Quicksilver
  Resources Inc         KWKA     9.125     9.974      8/15/2019
Quicksilver
  Resources Inc         KWKA    11.000    12.500       7/1/2021
Quiksilver Inc /
  QS Wholesale Inc      ZQK     10.000    27.710       8/1/2020
RadioShack Corp         RSH      6.750     3.125      5/15/2019
RadioShack Corp         RSH      6.750     1.078      5/15/2019
RadioShack Corp         RSH      6.750     1.078      5/15/2019
Sabine Oil & Gas Corp   SOGC     7.250    20.000      6/15/2019
Sabine Oil & Gas Corp   SOGC     7.500    20.500      9/15/2020
Sabine Oil & Gas Corp   SOGC     9.750    16.000      2/15/2017
Sabine Oil & Gas Corp   SOGC     7.500    19.750      9/15/2020
Sabine Oil & Gas Corp   SOGC     7.500    19.750      9/15/2020
Samson Investment Co    SAIVST   9.750     4.500      2/15/2020
Saratoga Resources Inc  SARA    12.500     6.500       7/1/2016
Spectrum Brands Inc     SPB      6.750   103.480      3/15/2020
Swift Energy Co         SFY      7.125    54.234       6/1/2017
Swift Energy Co         SFY      8.875    37.250      1/15/2020
Sysco Corp              SYY      2.350   100.616      10/2/2019
Sysco Corp              SYY      1.450   100.432      10/2/2017
TMST Inc                THMR     8.000    12.000      5/15/2013
Terrestar Networks Inc  TSTR     6.500    10.000      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    12.500       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    12.188      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    12.000       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    14.500      11/1/2016
US Shale
  Solutions Inc         SHALES  12.500    49.500       9/1/2017
US Shale Solutions Inc  SHALES  12.500    57.500       9/1/2017
Venoco Inc              VQ       8.875    26.250      2/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    27.905      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.375    32.300       8/1/2016
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS      8.750    22.944       2/1/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    25.375      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    25.375      1/15/2019
Walter Energy Inc       WLTG     9.875     1.550     12/15/2020
Walter Energy Inc       WLTG     8.500     2.750      4/15/2021
Walter Energy Inc       WLTG     9.875     1.227     12/15/2020
Walter Energy Inc       WLTG     9.875     1.227     12/15/2020


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
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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
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                   *** End of Transmission ***